深圳中恒华发股份有限公司 2017 年第一季度报告全文
Shenzhen Zhongheng Huafa Co., Ltd.
First Quarterly Report 2017
April 2017
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深圳中恒华发股份有限公司 2017 年第一季度报告全文
Section I. Important Notes
Board of Directors and the Supervisory Committee of Shenzhen Zhongheng
Huafa Co., Ltd (hereinafter referred to as the Company) and its directors,
supervisors and senior executives should guarantee the reality, accuracy and
completion of the quarterly report, there are no any fictitious statements,
misleading statements or important omissions carried in this report, and shall
take legal responsibilities, individual and/or joint.
Other directors attending the Meeting for Quarterly report deliberation except
for the followed.
Name of director absent Title for absent director Reasons for absent Attorney
Xu jinwen Independent director - Li Ding’an
Li Zhongqiu, person in charge of the Company, Yang Bin, person in charger of
accounting works and Wu Ai’jie, person in charger of accounting organ
(accounting officer) hereby confirm that the Financial Statement of this
Quarterly Report is authentic, accurate and complete.
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深圳中恒华发股份有限公司 2017 年第一季度报告全文
Section II. Basic situation of the Company
I. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting
error correction or not
□Yes √ No
At the same period of last Changes of this period over
Current period
year same period of last year
Operating income (RMB) 191,829,256.72 137,699,187.33 39.31%
Net profit attributable to shareholders of
421,173.37 469,935.69 -10.38%
the listed company (RMB)
Net profit attributable to shareholders of
the listed company after deducting -36,964.59 137,244.07 -126.93%
non-recurring gains and losses (RMB)
Net cash flow arising from operating
-18,501,959.59 -46,008,442.75 -
activities (RMB)
Basic earnings per share (RMB/Share) 0.0015 0.0017 -11.76%
Diluted earnings per share (RMB/Share) 0.0015 0.0017 -11.76%
0.02 percentage points do
Weighted average ROE 0.13% 0.15%
wn
Changes of this period-end
At the end of the reporting
At the end of last year over same period-end of last
period
year
Total assets (RMB) 646,900,273.22 632,475,542.40 2.28%
Net assets attributable to shareholder of
320,119,742.00 319,698,568.63 0.13%
listed company (RMB)
Items and amount of non-recurring gains and losses
√ Applicable □ Not applicable
In RMB
Amount from year-begin to
Item Note
period-end
Gains/losses from the disposal of non-current asset (including the
-17,113.46
write-off that accrued for impairment of assets)
Governmental subsidy reckoned into current gains/losses (not
including the subsidy enjoyed in quota or ration according to 508,500.00
national standards, which are closely relevant to enterprise’s
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深圳中恒华发股份有限公司 2017 年第一季度报告全文
business)
Other non-operating income and expenditure except for the
119,464.08
aforementioned items
Less: impact on income tax 152,712.66
Total 458,137.96 --
Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for Companies
Offering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according to
the lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their
Securities to the Public --- Extraordinary Profit/loss, explain reasons
□ Applicable √ Not applicable
In reporting period, the Company has no particular about items defined as recurring profit (gain)/loss according to the lists of
extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to
the Public --- Extraordinary Profit/loss
II. Total number of shareholders at the end of this report period and top ten shareholders
1. Total number of common shareholders at the end of this report period and top ten common shareholders
In shares
Total preference shareholders
Total common stock shareholders in with voting rights recovered at
23,293 0
reporting period-end end of reporting period (if
applicable)
Top ten shareholders
Amount of Number of share pledged/frozen
Shareholder’s Nature of Proportion of Amount of shares
restricted shares
name shareholder shares held held State of share Amount
held
Wuhan Domestic Pledged 116,100,000
Zhongheng non-state-owned 41.14% 116,489,894 0
Frozen 116,489,894
Group legal person
SEG (HONG Pledged 0
Overseas legal
KONG) CO., 5.85% 16,569,560 0
person Frozen 0
LTD.
GOOD HOPE Pledged 0
CORNER Overseas legal
4.49% 12,700,000 0
INVESTMENTS person Frozen 0
LTD
Changjiang Pledged 0
Securities
Overseas legal
Brokerage 1.89% 5,355,249 0
person Frozen 0
(Hongkong) Co.,
Ltd.
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深圳中恒华发股份有限公司 2017 年第一季度报告全文
China Pledged 0
Construction
Bank – Rongtong
Other 0.68% 1,933,928 0
Internet Media Frozen 0
Flexible Mix
Stock Fund
Domestic nature Pledged 0
Xu Dongdong 0.60% 1,690,307 0
person Frozen 0
Domestic nature Pledged 0
Huang Shuqiang 0.42% 1,187,166 0
person Frozen 0
LI SHERYN Overseas nature Pledged
0.37% 1,059,702 0
ZHAN MING person Frozen
Domestic nature Pledged 0
Zhong Jiachao 0.32% 910,000 0
person Frozen 0
China Resources Pledged 0
TUSC Trust Co.,
Ltd. – Yali Other 0.31% 866,610 0
Frozen 0
Hangshengyuyan
No.1 Trust Fund
Top ten shareholders with unrestricted shares held
Type of shares
Shareholder’s name Amount of unrestricted shares held
Type Amount
RMB common
Wuhan Zhongheng Group 116,489,894 116,489,894
share
Domestically
SEG (HONG KONG) CO., LTD. 16,569,560 listed foreign 16,569,560
shares
Domestically
GOOD HOPE CORNER
12,700,000 listed foreign 12,700,000
INVESTMENTS LTD
shares
Domestically
Changjiang Securities Brokerage
5,355,249 listed foreign 5,355,249
(Hongkong) Co., Ltd.
shares
China Construction Bank –
RMB common
Rongtong Internet Media Flexible 1,933,928 1,933,928
share
Mix Stock Fund
RMB common
Xu Dongdong 1,690,307 1,690,307
share
Huang Shuqiang 1,187,166 RMB common 1,187,166
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深圳中恒华发股份有限公司 2017 年第一季度报告全文
share
Domestically
LI SHERYN ZHAN MING 1,059,702 listed foreign 1,059,702
shares
RMB common
Zhong Jiachao 910,000 910,000
share
China Resources TUSC Trust Co.,
RMB common
Ltd. – Yali Hangshengyuyan No.1 866,610 866,610
share
Trust Fund
Among the top ten shareholders, Wuhan Zhongheng New Science & Technology Industrial
Group Co., Ltd. neither bears associated relationship with other shareholders, nor belongs to
Explanation on associated the consistent actor that are prescribed in Measures for the Administration of Disclosure of
relationship among the aforesaid Shareholder Equity Changes of Listed Companies. The Company neither knew whether there
shareholders exists associated relationship among the other tradable shareholders, nor they belong to
consistent actors that are prescribed in Measures for the Administration of Disclosure of
Shareholder Equity Changes of Listed Companies.
Explanation on top 10 common
shareholders involving margin N/A
business (if applicable)
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreement
dealing in reporting period
□ Yes √ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no buy-back
agreement dealing in reporting period.
2. Total shareholders with preferred stock held and shares held by top ten shareholders with preferred
stock held
□ Applicable √ Not applicable
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深圳中恒华发股份有限公司 2017 年第一季度报告全文
Section III. Significant Events
I. Particulars about material changes in items of main accounting statement and financial
index and explanations of reasons
√Applicable □Not applicable
Y-o-y
Item 2017-3-31 2017-1-1 Reasons of changes
changes
Monetary Fund 53,884,127.38 93,332,709.81 -42.27% Season of sales
Accounts receivable 191,400,138.81 139,808,058.20 36.90% Season of sales
Account paid in advance 18,238,710.30 13,075,721.93 39.49% Season of sales
13,879,679.99 3,934,376.89 252.78% Rental from Jingfang Investment received in the
Other receivables Period
Account received in 413,260.84 48,846.60 746.04%
Utilities received in advance increased in the period
advance
Jan.-March of 2017 Jan.-March of 2016 Y-o-y
Reasons of changes
Item changes
191,829,256.72 137,699,187.33 39.31% Industrial production sales increased from a year
Operating income eariler
Operating cost 172,648,617.84 117,411,777.37 47.05% Cost increased due to the growth in saels
Sales expenses 3,335,114.13 2,441,634.16 36.59% Sales incrased over that of last period
Financial expenses 2,759,446.38 2,052,788.71 34.42% Loans incrased over that of last period
Assets impairment loss -93,425.39 - Part of the account receivable which with bad debts
accrual are colelcted in the period
17,385.19 58,974.00 -70.52% There was a reparations and losses of fixed assets
Non-operation expenditure dipsoal occurred last period
187,571.79 135,870.76 38.05% Impairment loss are switch back and recognized as
Income tax expense deferred income tax expenses
Jan.-March of 2017 Jan.-March of 2016 Y-o-y
Reasons of changes
Item changes
Cash received from selling 117,280,399.55 47,762,468.58 145.55%
commodities and providing More sales in the Period
labor services
Cash received with other 1,310,630.85 631,813.14 107.44%
Intercourse funds received in the Period increased over
operation activity
that of last period
concerned
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深圳中恒华发股份有限公司 2017 年第一季度报告全文
Cash paid for purchasing 103,498,045.42 50,194,862.75 106.19%
goods and receiving labor Sales incrased over that of last period
service
4,088,728.88 2,777,022.61 47.23% VAT and enterprise income tax paid in the Peirod are
Taxes paid increased over that of last period
Cash \paid with other 11,604,282.96 25,982,892.36 -55.34%
The intercourse funds paid are decreased over that of
operation activity
last period
concerned
Net cash received from 55,901.58 109,460.00 -48.93%
disposal of fixed, intangible The monery from disposal of fixed assets declined
and other long-term assets
Cash received from loans 41,987,422.93 17,000,000.00 146.98% Loans incrased in the period
Cash paid for settling debts 41,098,717.81 577,300,388.73 -92.88% Long-term loans are paid in lasat period
Cash paid for liquidating 2,261,986.58 3,320,680.94 -31.88%
dividend, profit or interest Interest of long-term loans are paid in last period
payment
II. Analysis and explanation of significant events and their influence and solutions
√ Applicable □Not applicable
(I) The Company signed Asset Exchange Contract with Wuhan Zhongheng Group on 29 April 2009 (details were referred to in the
announcement dated 30 April 2009), and pursuant to the contract, since part of the assets of the Company (namely two parcel of
industrial lands located at Huafa road, Gongming town, Guangming new district, Shenzhen (the property certificate No. were SFDZ
No.7226760 and SFDZ No.7226763, No. of parcels were A627-005 andA627-007, and the aggregate area was 48,200 sq.m) were the
lands listed in the first batch of plan for 2010 Shenzhen urbanization unit planning preparation plan. For promotion of such
urbanization project and joint cooperation, the Company has not completed the transfer procedures in respect of the aforesaid land.
The Company convoked the first extraordinary meeting of the Board in 2015 on February 16, 2015 and the first extraordinary general
meeting of the Board in 2015 on March 4, 2015, which considered and approved the “Motion on promoting and implementing the
urban renewal project for the renewal units of Huafa area at Gongming street, Guangming new district, Shenzhen”, specified that the
Company and Wuhan Zhongheng Group shall obtain the corresponding compensatory consideration for removal from the
respectively owned project plots and the respectively contributed and constructed above-ground buildings before the land
development, it is estimated that the compensatory consideration obtained by the Company accounts for 50.5% of the total
consideration and Wuhan Zhongheng Group accounts for 49.5% by calculation.
The fifth extraordinary meeting of the board of directors in 2015 and the third extraordinary general meeting held on July 2, 2015
have considered and adopted the “Proposal on the project promotion and implementation of urban renewal and the progress of related
transactions of ‘the updated units at Huafa Area, Gong Ming Street, Guangming New District, Shenzhen’” and “Proposal on
submitting stockholders' meeting to authorize the board of directors to fully handle the matters related to the project promotion and
implementation of urban renewal of Huafa Area, Gong Ming Street, Guangming New District, Shenzhen”. The company has signed
the “Agreement on the cooperation framework of urban renewal project of the updated units at Huafa Area, Gong Ming Street,
Guangming New District, Shenzhen”, “Agreement on the cooperation framework of reconstruction project at Huafa, Gongming”,
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深圳中恒华发股份有限公司 2017 年第一季度报告全文
“Agreement on the removal compensation for urban renewal project at Huafa, Gong Ming Street, Guangming New District” and
“Cooperation agreement on urban renewal project at Huafa, Gongming” with Shenzhen Qianhai Zhongzheng Urban Development
Management Co., Ltd. (hereinafter referred to as “Qianhai Zhongzheng”), Shenzhen Zhongzheng Yutian Land Co., Ltd. (hereinafter
referred to as “Zhongzheng Yutian”) and Wuhan Zhongheng Group. The company’s seventh meeting of the eighth board of directors
has considered and adopted the “Proposal on terminating the contract on urban renewal project at ‘Huafa Area, Gong Ming Street,
Guangming New District, Shenzhen’ of Shenzhen Qianhai Zhongzheng Urban Development Management Co., Ltd.”, the company
has signed “Agreement on terminating the contract on urban renewal project at Huafa, Gongming” with Qianhai Zhongzheng,
Zhongzheng Yutian and Wuhan Zhongheng Group, the relevant agreements signed at earlier stage are no longer legally binding to
any party.
The sixth extraordinary meeting of the board of directors in 2015 and the third extraordinary general meeting held on September 11,
2015 have considered and adopted the “Proposal on the project promotion and implementation of urban renewal and the progress of
related transactions of ‘the updated units at Huafa Area, Gong Ming Street, Guangming New District, Shenzhen’”, the company has
signed the “Agreement on the cooperation of urban renewal project of the updated units at Huafa Area, Gong Ming Street,
Guangming New District, Shenzhen”, “Contract for the cooperative venture of reconstruction project for Huafa Industrial Park, Gong
Ming Street, Guangming New District” and “Agreement on housing acquisition and removal compensation and resettlement” with
Wuhan Zhongheng New Technology Industry Group Co., Ltd. (hereinafter referred to as “Wuhan Zhongheng Group”), Shenzhen
Vanke Real Estate Co., Ltd. (hereinafter referred to as “Shenzhen Vanke”), and Shenzhen Vanke Guangming Real Estate
Development Co., Ltd. (hereinafter referred to as “Vanke Guangming”).
On 12 September 2016, the Company received a “Notice of Arbitration No.: SHEN DP20160334” from SCIA, Wuhan Zhongheng
Group and the Company as well as Shenzhen Vanke are applied for arbitration in respect of “Agreement on the cooperation of urban
renewal project of the updated units at Huafa Area, Gong Ming Street, Guangming New District, Shenzhen”. The arbitra court hold
hearings on 12 November 2016. Progress of the case found more in “Notice of Lawsuit and Arbitration” and “Progress of Lawsuit
and Arbitration ” released on juchao website (www.cninfo.com.cn) dated 14 September 2016, 1 November 2016, 16 November 2016
and 24 March 2017 respectively.
(II) With purpose of further optimize the capital structure, improve financial status of the Company and providing necessary capital
condition and liquidity for the upgrade of industry business transformation, specialization of the property operation and development
of large-scale, the Company plans to private offering A-share. Controlling shareholder - Wuhan Zhongheng New Technology
Industry Group Co., Ltd. subscribe 87.6 million shares at most in cash, fund raised no more than 599.184 million Yuan (issuance cost
included) in total, the fund are raised for debt payment and supplement current capital in order to laying a solid foundation of the
sustainable development of the Company. Relevant private placement of A-share has been deliberated and approved by third
extraordinary meeting of 2015 of the Board and Annual General Meeting 2014, found more in notice published on Juchao Website
(www.cninfo.com.cn) dated 20 March and 20 May 2015, it shall submit for approval and implement after verify by CSRC
(III) Our controlling shareholder Wuhan Zhongheng Group holds 116,489,894 shares of the Company, accounting for 41.14% of total
share capital. As for involving the arbitration case of “Agreement on the cooperation of urban renewal project of the updated units at
Huafa Area, Gong Ming Street, Guangming New District, Shenzhen”, the above shares were judicially sealed on 27 September 2016
for creditor’s application for property preserevation. Details are set out in the announcement published at Juchao information website
(www.cninfo.com.cn) on 27 October 2017.
(IV) On 31 December 2015, the 88,750,047 shares held by Wuhan Zhongheng Group, are pledge to China Merchants Securities
Assets Co., Ltd. with due date of 31 December 2016. Wuhan Zhongheng Group deferred the repurchase business day to 30 June 2017.
on 1 Feb. 2016, Wuhan Zhongheng Group pladge the 27,349,953 shares held to China Merchants Securities Assets Co., Ltd. with
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深圳中恒华发股份有限公司 2017 年第一季度报告全文
due date of 31 December 2016. and also deferring the repurchase business, same as the pledge release. Found more in notice released
on Juchao Website (www.cninfo.com.cn) date 17 Jan. 2019.
(V) The company received the notice about registering and investigating from China Securities Regulatory Commission on January
18, 2016, who decided to register and investigate the company on suspicion of illegal information disclosure. On September 18, 2016,
the company received the “Prior Notice of Administrative Penalty” ([2016] No.6)from Shenzhen Regulatory Bureau of China
Securities Regulatory Commission. On December 22, 2016, the company received the “Written Decision of Administrative Penalty”
([2016] No. 7) from Shenzhen Regulatory Bureau of China Securities Regulatory Commission. See details on the “Notice on
Receiving Written Decision of Administrative Penalty from CSRC” the company published at www.cninfo.com.cn on December 23,
2016. On January 5, 2017, the company received the “Notice on Giving Public Censure and Punishment to Shenzhen Zhongheng
Hwafa Co., Ltd. and the Relevant Parties” from the Shenzhen Stock Exchange, see details on the notice published at
www.cninfo.com.cn on January 6, 2017.
(VI) On March 21, 2014, Huafa Property and Shenzhen Jifang Investment Co., Ltd. (hereinafter referred to as "Jifang Investment")
signed the "Shenzhen Housing Leasing Contract" and the "Supplemental Agreement on Leasing Contract", which were canceled on
February 5, 2016. As Jifang Investment occupied the site, and defaulted rent, management fee and water and electricity bills in the
long term, in order to safeguard the legitimate rights and interests, Huafa Property submitted a request for arbitration to Shenzhen
Arbitration Commission on March 8, 2016, and received the(2016) SZCZ No. 346 ruling paper from Shenzhen Arbitration
Commission in November 2016 which ruled Huafa Property won the lawsuit and currently has entered the enforcement procedures.
See details on the notice published at www.cninfo.com.cn by the company on November 8, 2016.
Summary of important issues Disclosure date Interim report disclosure index
III. Commitments completed in Period and those without completed till end of the Period
from actual controller, shareholders, related parties, purchaser and companies
□ Applicable √ Not applicable
The Company has no commitments completed in Period and those without completed till end of the Period from actual controller,
shareholders, related parties, purchaser and companies
IV. Predict of the business performance from January to June 2017
Warnings and reasons of the predict that the cumulative net profit from the begin of the year to the end of next report period may be
loss or have great changes comparing with the same period of last year
□Applicable √Not applicable
V. Securities Investment
□ Applicable √ Not applicable
No security investment in the Period.
VI. Derivative investment
□ Applicable √ Not applicable
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深圳中恒华发股份有限公司 2017 年第一季度报告全文
No derivative investment in the Period.
VII. Registration form for receiving research, communication and interview in the report
period
√Applicable □ Not applicable
Date Method Type of investors Basic situation index of investigation
Jan.1,2017- Mar.31, 2017 Telephone communication Individual N/A
VIII. Guarantee outside against the regulation
□Applicable √Not applicable
The Company has no external security against the rules in the Period.
IX. Non-operational fund occupation from controlling shareholders and its related party
□ Applicable √ Not applicable
There are no controlling shareholders' and its related party's non-business capital occupying of the listed company.
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深圳中恒华发股份有限公司 2017 年第一季度报告全文
Section IV. Financial Statement
I. Financial statement
1. Consolidate balance sheet
Prepared by Shenzhen Zhongheng Huafa Co., Ltd
2017-03-31
In RMB
Item Closing balance Opening balance
Current assets:
Monetary funds 53,884,127.38 93,332,709.81
Settlement provisions
Capital lent
Financial liability measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial liability
Notes receivable 51,766,054.74 52,663,100.89
Accounts receivable 191,400,138.81 139,808,058.20
Accounts paid in advance 18,238,719.30 13,075,721.93
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Interest receivable
Dividend receivable
Other receivables 13,879,679.99 3,934,376.89
Purchase restituted finance asset
Inventories 36,705,727.01 46,902,384.80
Divided into assets held for sale
Non-current asset due within one
6,966.48 12,191.49
year
Other current assets
Total current assets 365,881,413.71 349,728,544.01
Non-current assets:
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深圳中恒华发股份有限公司 2017 年第一季度报告全文
Loans and payments on behalf
Finance asset available for sales
Held-to-maturity investment
Long-term account receivable
Long-term equity investment
Investment property 53,711,255.43 54,145,225.02
Fixed assets 80,659,967.77 81,544,707.02
Construction in progress 654,356.00 654,356.00
Engineering material
Disposal of fixed asset 92,857,471.69 92,857,471.69
Productive biological asset
Oil and gas asset
Intangible assets 44,504,522.09 44,878,095.77
Expense on Research and
Development
Goodwill
Long-term expenses to be
179,166.58 191,666.59
apportioned
Deferred income tax asset 8,452,119.95 8,475,476.30
Other non-current asset
Total non-current asset 281,018,859.51 282,746,998.39
Total assets 646,900,273.22 632,475,542.40
Current liabilities:
Short-term loans 182,023,429.45 181,210,467.81
Loan from central bank
Absorbing deposit and interbank
deposit
Capital borrowed
Financial liability measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial liability
Notes payable 18,743,272.33 16,714,584.01
Accounts payable 79,144,637.37 73,714,424.77
Accounts received in advance 413,260.84 48,846.60
Selling financial asset of
repurchase
Commission charge and
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深圳中恒华发股份有限公司 2017 年第一季度报告全文
commission payable
Wage payable 3,314,559.18 4,542,531.22
Taxes payable 19,409,276.16 16,768,030.70
Interest payable 123,641.69 123,641.69
Dividend payable
Other accounts payable 21,004,042.39 17,050,035.16
Reinsurance payables
Insurance contract reserve
Security trading of agency
Security sales of agency
Divided into liability held for sale
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 324,176,119.41 310,172,561.96
Non-current liabilities:
Long-term loans
Bonds payable
Including: preferred stock
Perpetual capital
securities
Long-term account payable
Long-term wages payable
Special accounts payable
Projected liabilities 2,604,411.81 2,604,411.81
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 2,604,411.81 2,604,411.81
Total liabilities 326,780,531.22 312,776,973.77
Owner’s equity:
Share capital 283,161,227.00 283,161,227.00
Other equity instrument
Including: preferred stock
Perpetual capital
securities
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深圳中恒华发股份有限公司 2017 年第一季度报告全文
Capital public reserve 146,587,271.50 146,587,271.50
Less: Inventory shares
Other comprehensive income
Reasonable reserve
Surplus public reserve 77,391,593.25 77,391,593.25
Provision of general risk
Retained profit -187,020,349.75 -187,441,523.12
Total owner’s equity attributable to
320,119,742.00 319,698,568.63
parent company
Minority interests
Total owner’s equity 320,119,742.00 319,698,568.63
Total liabilities and owner’s equity 646,900,273.22 632,475,542.40
Legal representative: Li Zhongqiu
Person in charger of accounting works: Yang Bin
Person in charge of accounting organ: Wu Ai’jie
2. Balance Sheet of Parent Company
In RMB
Item Closing balance Opening balance
Current assets:
Monetary funds 13,178,136.00 10,375,152.87
Financial liability measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial liability
Notes receivable
Accounts receivable
Account paid in advance 2,500,000.00 2,500,000.00
Interest receivable
Dividends receivable
Other receivables 112,536,011.65 114,067,051.57
Inventories 14,806.50 14,806.50
Divided into assets held for sale
Non-current assets maturing within
one year
Other current assets
Total current assets 128,228,954.15 126,957,010.94
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深圳中恒华发股份有限公司 2017 年第一季度报告全文
Non-current assets:
Available-for-sale financial assets
Held-to-maturity investments
Long-term receivables
Long-term equity investments 186,608,900.00 186,608,900.00
Investment property 28,492,815.85 28,796,525.38
Fixed assets 6,260,436.42 6,491,983.71
Construction in progress 654,356.00 654,356.00
Project materials
Disposal of fixed assets 92,857,471.69 92,857,471.69
Productive biological assets
Oil and natural gas assets
Intangible assets 4,952,309.97 4,988,546.40
Research and development costs
Goodwill
Long-term deferred expenses 179,166.58 191,666.59
Deferred income tax assets 9,194,186.97 9,217,543.32
Other non-current assets
Total non-current assets 329,199,643.48 329,806,993.09
Total assets 457,428,597.63 456,764,004.03
Current liabilities:
Short-term borrowings 120,000,000.00 120,000,000.00
Financial liability measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial liability
Notes payable
Accounts payable 10,745,840.16 10,745,840.16
Accounts received in advance 312,671.00 44,162.00
Wage payable 875,025.18 857,735.20
Taxes payable 10,278,059.30 10,094,737.11
Interest payable
Dividend payable
Other accounts payable 13,454,661.09 13,383,939.40
16
深圳中恒华发股份有限公司 2017 年第一季度报告全文
Divided into liability held for sale
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 155,666,256.73 155,126,413.87
Non-current liabilities:
Long-term loans
Bonds payable
Including: preferred stock
Perpetual capital
securities
Long-term account payable
Long-term wages payable
Special accounts payable
Projected liabilities 2,604,411.81 2,604,411.81
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 2,604,411.81 2,604,411.81
Total liabilities 158,270,668.54 157,730,825.68
Owners’ equity:
Share capita 283,161,227.00 283,161,227.00
Other equity instrument
Including: preferred stock
Perpetual capital
securities
Capital public reserve 146,587,271.50 146,587,271.50
Less: Inventory shares
Other comprehensive income
Reasonable reserve
Surplus reserve 77,391,593.25 77,391,593.25
Retained profit -207,982,162.66 -208,106,913.40
Total owner’s equity 299,157,929.09 299,033,178.35
Total liabilities and owner’s equity 457,428,597.63 456,764,004.03
17
深圳中恒华发股份有限公司 2017 年第一季度报告全文
3. Consolidated Profit Statement
In RMB
Item Current Period Last Period
I. Total operating income 191,829,256.72 137,699,187.33
Including: Operating income 191,829,256.72 137,699,187.33
Interest income
Insurance gained
Commission charge and commission
income
II. Total operating cost 191,831,362.18 137,536,986.38
Including: Operating cost 172,648,617.84 117,411,777.37
Interest expense
Commission charge and commission
expense
Cash surrender value
Net amount of expense of
compensation
Net amount of withdrawal of
insurance contract reserve
Bonus expense of guarantee slip
Reinsurance expense
Operating tax and extras 1,491,954.21 1,694,769.37
Sales expenses 3,335,114.13 2,441,634.16
Administration expenses 11,689,655.01 13,936,016.77
Financial expenses 2,759,446.38 2,052,788.71
Losses of devaluation of asset -93,425.39
Add: Changing income of fair
value(Loss is listed with “-”)
Investment income (Loss is listed
with “-”)
Including: Investment income on
affiliated company and joint venture
Exchange income (Loss is listed
with “-”)
III. Operating profit (Loss is listed with
-2,105.46 162,200.95
“-”)
18
深圳中恒华发股份有限公司 2017 年第一季度报告全文
Add: Non-operating income 628,235.81 502,579.50
Including: Disposal gains of
271.73
non-current asset
Less: Non-operating expense 17,385.19 58,974.00
Including: Disposal loss of
17,385.19 18,924.00
non-current asset
IV. Total Profit (Loss is listed with “-”) 608,745.16 605,806.45
Less: Income tax expense 187,571.79 135,870.76
V. Net profit (Net loss is listed with “-”) 421,173.37 469,935.69
Net profit attributable to owner’s of
421,173.37 469,935.69
parent company
Minority shareholders’ gains and
losses
VI. Net after-tax of other comprehensive
income
Net after-tax of other comprehensive
income attributable to owners of parent
company
(I) Other comprehensive income
items which will not be reclassified
subsequently to profit of loss
1. Changes as a result of
re-measurement of net defined benefit
plan liability or asset
2. Share of the other
comprehensive income of the investee
accounted for using equity method which
will not be reclassified subsequently to
profit and loss
(II) Other comprehensive income
items which will be reclassified
subsequently to profit or loss
1. Share of the other
comprehensive income of the investee
accounted for using equity method which
will be reclassified subsequently to profit
or loss
2. Gains or losses arising
from changes in fair value of
available-for-sale financial assets
19
深圳中恒华发股份有限公司 2017 年第一季度报告全文
3. Gains or losses arising
from reclassification of held-to-maturity
investment as available-for-sale financial
assets
4. The effect hedging portion
of gains or losses arising from cash flow
hedging instruments
5. Translation differences
arising on translation of foreign currency
financial statements
6. Other
Net after-tax of other comprehensive
income attributable to minority
shareholders
VII. Total comprehensive income 421,173.37 469,935.69
Total comprehensive income
421,173.37 469,935.69
attributable to owners of parent Company
Total comprehensive income
attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.0015 0.0017
(ii) Diluted earnings per share 0.0015 0.0017
Enterprise combine under the same control in the Period, the combined party realized net profit of 0 Yuan before combination, and
realized 0 Yuan at last period for combined party
Legal representative: Li Zhongqiu
Person in charger of accounting works: Yang Bin
Person in charge of accounting organ: Wu Ai’jie
4. Profit Statement of Parent Company
In RMB
Item Current Period Last Period
I. Operating income 8,977,861.54 10,946,185.45
Less: Operating cost 921,292.12 1,265,151.89
Operating tax and extras 664,530.25 738,293.47
Sales expenses
Administration expenses 5,698,725.53 8,085,384.78
Financial expenses 1,638,096.80 3,589,476.97
Losses of devaluation of asset -93,425.39
Add: Changing income of fair
20
深圳中恒华发股份有限公司 2017 年第一季度报告全文
value(Loss is listed with “-”)
Investment income (Loss is
listed with “-”)
Including: Investment income
on affiliated company and joint venture
II. Operating profit (Loss is listed
148,642.23 -2,732,121.66
with “-”)
Add: Non-operating income 48,833.89 19,557.00
Including: Disposal gains of
non-current asset
Less: Non-operating expense 18,924.00
Including: Disposal loss of
18,924.00
non-current asset
III. Total Profit (Loss is listed with
197,476.12 -2,731,488.66
“-”)
Less: Income tax expense 72,725.38 -682,872.17
IV. Net profit (Net loss is listed with
124,750.74 -2,048,616.49
“-”)
V. Net after-tax of other comprehensive
income
(I) Other comprehensive income
items which will not be reclassified
subsequently to profit of loss
1. Changes as a result of
re-measurement of net defined benefit
plan liability or asset
2. Share of the other
comprehensive income of the investee
accounted for using equity method
which will not be reclassified
subsequently to profit and loss
(II) Other comprehensive income
items which will be reclassified
subsequently to profit or loss
1. Share of the other
comprehensive income of the investee
accounted for using equity method
which will be reclassified subsequently
to profit or loss
2. Gains or losses arising
21
深圳中恒华发股份有限公司 2017 年第一季度报告全文
from changes in fair value of
available-for-sale financial assets
3. Gains or losses arising
from reclassification of held-to-maturity
investment as available-for-sale
financial assets
4. The effect hedging
portion of gains or losses arising from
cash flow hedging instruments
5. Translation differences
arising on translation of foreign
currency financial statements
6. Other
VI. Total comprehensive income 124,750.74 -2,048,616.49
VII. Earnings per share:
(i) Basic earnings per share
(ii) Diluted earnings per share
5. Consolidated Cash Flow Statement
In RMB
Item Current Period Last Period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 117,280,399.55 47,762,468.58
services
Net increase of customer deposit
and interbank deposit
Net increase of loan from central
bank
Net increase of capital borrowed
from other financial institution
Cash received from original
insurance contract fee
Net cash received from reinsurance
business
Net increase of insured savings and
investment
22
深圳中恒华发股份有限公司 2017 年第一季度报告全文
Net increase of amount from
disposal financial assets that measured
by fair value and with variation
reckoned into current gains/losses
Cash received from interest,
commission charge and commission
Net increase of capital borrowed
Net increase of returned business
capital
Write-back of tax received
Other cash received concerning
1,310,630.85 631,813.14
operating activities
Subtotal of cash inflow arising from
118,591,030.40 48,394,281.72
operating activities
Cash paid for purchasing
commodities and receiving labor 103,498,045.42 50,194,862.75
service
Net increase of customer loans
and advances
Net increase of deposits in central
bank and interbank
Cash paid for original insurance
contract compensation
Cash paid for interest, commission
charge and commission
Cash paid for bonus of guarantee
slip
Cash paid to/for staff and workers 17,901,932.73 15,447,946.75
Taxes paid 4,088,728.88 2,777,022.61
Other cash paid concerning
11,604,282.96 25,982,892.36
operating activities
Subtotal of cash outflow arising from
137,092,989.99 94,402,724.47
operating activities
Net cash flows arising from operating
-18,501,959.59 -46,008,442.75
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
investment
23
深圳中恒华发股份有限公司 2017 年第一季度报告全文
Cash received from investment
income
Net cash received from disposal of
fixed, intangible and other long-term 55,901.58 109,460.00
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
investing activities
Subtotal of cash inflow from investing
55,901.58 109,460.00
activities
Cash paid for purchasing fixed,
2,406,232.31 2,554,737.50
intangible and other long-term assets
Cash paid for investment
Net increase of mortgaged loans
Net cash received from
subsidiaries and other units obtained
Other cash paid concerning
investing activities
Subtotal of cash outflow from investing
2,406,232.31 2,554,737.50
activities
Net cash flows arising from investing
-2,350,330.73 -2,445,277.50
activities
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
Including: Cash received from
absorbing minority shareholders’
investment by subsidiaries
Cash received from loans 41,987,422.93 17,000,000.00
Cash received from issuing bonds
Other cash received concerning
financing activities
Subtotal of cash inflow from financing
41,987,422.93 17,000,000.00
activities
Cash paid for settling debts 41,098,717.81 577,300,388.73
Cash paid for dividend and profit 2,261,986.58 3,320,680.94
24
深圳中恒华发股份有限公司 2017 年第一季度报告全文
distributing or interest paying
Including: Dividend and profit of
minority shareholder paid by
subsidiaries
Other cash paid concerning
financing activities
Subtotal of cash outflow from
43,360,704.39 580,621,069.67
financing activities
Net cash flows arising from financing
-1,373,281.46 -563,621,069.67
activities
IV. Influence on cash and cash
equivalents due to fluctuation in -184,437.86 -196,770.26
exchange rate
V. Net increase of cash and cash
-22,410,009.64 -612,271,560.18
equivalents
Add: Balance of cash and cash
104,015,312.97 632,846,956.16
equivalents at the period -begin
VI. Balance of cash and cash
81,605,303.33 20,575,395.98
equivalents at the period -end
6. Cash Flow Statement of Parent Company
In RMB
Item Current Period Last Period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 5,288,856.39 5,242,418.00
services
Write-back of tax received
Other cash received concerning
20,545,629.33 1,935,226.06
operating activities
Subtotal of cash inflow arising from
25,834,485.72 7,177,644.06
operating activities
Cash paid for purchasing
commodities and receiving labor
service
Cash paid to/for staff and workers 1,584,455.10 1,321,805.03
Taxes paid 904,864.06 1,290,383.14
25
深圳中恒华发股份有限公司 2017 年第一季度报告全文
Other cash paid concerning
17,530,909.03 18,580,217.12
operating activities
Subtotal of cash outflow arising from
20,020,228.19 21,192,405.29
operating activities
Net cash flows arising from operating
5,814,257.53 -14,014,761.23
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
investment
Cash received from investment
income
Net cash received from disposal of
fixed, intangible and other long-term 576.00
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
investing activities
Subtotal of cash inflow from investing
576.00
activities
Cash paid for purchasing fixed,
1,367,692.31 1,934,802.00
intangible and other long-term assets
Cash paid for investment
Net cash received from
subsidiaries and other units
Other cash paid concerning
investing activities
Subtotal of cash outflow from investing
1,367,692.31 1,934,802.00
activities
Net cash flows arising from investing
-1,367,692.31 -1,934,226.00
activities
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
Cash received from loans
Cash received from issuing bonds
26
深圳中恒华发股份有限公司 2017 年第一季度报告全文
Other cash received concerning
financing activities
Subtotal of cash inflow from financing
activities
Cash paid for settling debts 501,900,000.00
Cash paid for dividend and profit
1,643,625.00 2,633,311.98
distributing or interest paying
Other cash paid concerning
financing activities
Subtotal of cash outflow from
1,643,625.00 504,533,311.98
financing activities
Net cash flows arising from financing
-1,643,625.00 -504,533,311.98
activities
IV. Influence on cash and cash
equivalents due to fluctuation in 42.91 90.95
exchange rate
V. Net increase of cash and cash
2,802,983.13 -520,482,208.26
equivalents
Add: Balance of cash and cash
10,375,152.87 524,937,734.32
equivalents at the period -begin
VI. Balance of cash and cash
13,178,136.00 4,455,526.06
equivalents at the period -end
II. Audit report
Whether the first quarterly report had been audited or not
□ Yes √ No
The first quarterly report of the Company had not been audited.
27
