Shenzhen Zhongheng Huafa Co., Ltd.Summary of Semi-Annual Report 2020
Stock Code: 000020 200020 Public Notice No.: 2020-26
Short Form of the Stock: SHEN HUAFA-A, SHEN HUAFA- B
Shenzhen Zhongheng Huafa Co., Ltd.
Summary of Semi-Annual Report 2020
I. Important Notice
The summary is abstract from full-text of annual report, for more details of operating results, financial condition and future
development plan of the Company; investors should found in the full-text of semi-annual report that published on media appointed
by CSRC.
Objection statement of directors, supervisors and senior executives
Name Position Content and reason
Risk warning for objection statement of directors, supervisors and senior executives
Other directors attending the Meeting for semi-annual report deliberation except for the followed
Name of director absent Title for absent director Reasons for absent Attorney
Prompt of non-standard audit opinion
□ Applicable √ Not applicable
Profit distribution pre-plan of common stock or capitalizing of common reserves pre-plan deliberated by the Board in the reporting
period
□ Applicable √ Not applicable
The Company has no plan of cash dividends carried out, bonus issued and capitalizing of common reserves either.
Profit distribution pre-plan of preferred stock deliberated and approved by the Board in the reporting period
□ Applicable √ Not applicable
II. Basic information of the company
1. Company profile
Shen Huafa A,
Short form of the stock Stock code 000020, 200020
Shen Huafa B
Stock exchange for listing Shenzhen Stock Exchange
Person/Way to contact Secretary of the Board Rep. of security affairs
Name Niu Zhuo
Office add. 618, East Tower, Huafa Building, No.411
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Shenzhen Zhongheng Huafa Co., Ltd.Summary of Semi-Annual Report 2020
Bldg, Huafa (N) Road, Futian District,
Shenzhen
Tel. 0755-86360201
E-mail huafainvestor@126.com.cn
2. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes √No
Current period Same period last year Changes over last year (+,-)
Operating income (RMB) 300,703,421.38 339,190,174.05 -11.35%
Net profit attributable to shareholders of
3,165,597.55 2,580,411.13 22.68%
the listed company (RMB)
Net profit attributable to shareholders of
the listed company after deducting 3,167,896.46 190,686.95 1,561.31%
non-recurring gains and losses (RMB)
Net cash flow arising from operating
21,200,212.24 45,194,220.56 -53.09%
activities (RMB)
Basic earnings per share (RMB/Share) 0.0112 0.0091 23.08%
Diluted earnings per share (RMB/Share) 0.0112 0.0091 23.08%
Weighted average ROE 0.96% 0.79% 0.17%
Changes over period-end of
Period-end Period-end of last year
last year (+,-)
Total assets (RMB) 610,602,250.47 614,163,899.86 -0.58%
Net assets attributable to shareholder of
332,593,647.44 329,428,049.89 0.96%
listed company (RMB)
3. Amount of shareholders of the Company and particulars about shares holding
In Share
Total preference shareholders
Total common stock shareholders in with voting rights recovered at
24,154 0
reporting period-end end of reporting period (if
applicable)
Shares held by top ten shareholders
Number of share
Full name of Nature of Proportion of Number of
Amount of restricted shares held pledged/frozen
Shareholders shareholder shares held shares held
State of share Amount
Wuhan Domestic Pledged 116,100,000
Zhongheng non-state-owne 42.13% 119,289,894 0
Group d legal person Frozen 119,289,894
SEG (HONG Pledged 0
Overseas legal
KONG) CO., 5.85% 16,569,560 0
person Frozen 0
LTD.
GOOD HOPE Overseas legal 3.43% 9,722,000 0 Pledged 0
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Shenzhen Zhongheng Huafa Co., Ltd.Summary of Semi-Annual Report 2020
CORNER person
INVESTMENT Frozen 0
S LTD.
Changjiang Pledged 0
Securities
Overseas legal
Brokerage 1.89% 5,355,249 0
person Frozen 0
(Hong Kong)
Co., Ltd.
Guoyuan Pledged 0
Securities
Overseas legal
Brokerage 1.37% 3,870,117 0
person Frozen 0
(Hong Kong)
Co., Ltd.
Pledged 0
Overseas nature
Li Zhongqiu 1.00% 2,830,000 0
person Frozen 0
Pledged 0
Domestic
Zhong Jiachao 0.47% 1,329,602 0
nature person Frozen 0
China Pledged 0
Merchants State-owned
0.39% 1,113,288 0
Securities Hong legal person Frozen 0
Kong Limited
Pledged 0
LI SHERYN Overseas nature
0.38% 1,074,000 0
ZHAN MING person Frozen 0
Pledged 0
Domestic
Li Senzhuang 0.36% 1,017,773 0
nature person Frozen 0
Among the top ten shareholders, Li Zhongqiu is the actual controller of Wuhan Zhongheng New
Explanation on associated Science & Technology Industrial Group Co., Ltd. and is a party acting in concert. The Company
relationship among the aforesaid neither knew whether there exists associated relationship among the other tradable shareholders,
shareholders nor they belong to consistent actors that are prescribed in Measures for the Administration of
Disclosure of Shareholder Equity Changes of Listed Companies.
4. Change of controlling shareholder or actual controller
Changes of controlling shareholders in reporting period
□ Applicable √Not applicable
The Company had no changes of controlling shareholders in reporting period
Changes of actual controller in reporting period
□ Applicable √Not applicable
No changes of actual controllers for the Company in reporting period.
5. Total preferred stock shareholders of the Company and shares held by top ten shareholders with
preferred stock held
□ Applicable √ Not applicable
The Company had no shareholders with preferred stock held in the reporting.
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Shenzhen Zhongheng Huafa Co., Ltd.Summary of Semi-Annual Report 2020
6. Corporate bond
Whether the Company has a corporation bonds that issuance publicly and listed on stock exchange and without due on the date w hen
semi-annual report approved for released or fail to cash in full on due:
No
III. Discussion and analysis of business
1. Introduction of operation in the reporting period
Whether the company needs to comply with the disclosure requirements of the particular industry
After years of development, the company has gradually formed two main businesses in industry and property
management. Among them, the industrial business mainly includes injection molding, POLYLON (light-weight
packaging materials), and complete machine production and sales of liquid crystal display, property management
business is mainly the lease of its own property.
Affected by the outbreak of COVID-19, in the first half of 2020, the company achieved operation revenue of
300.7034 million yuan with a y-o-y declined of 11.35%; operation profit of 3.9651 million yuan, a y-o-y growth
of 34.29%; net profit achieved 3.1656 million yuan , a y-o-y growth of 22.68%. The operation revenue from
industry production has 281.1885 million yuan , a 11.79% down from a year earlier, operation profit has 987300
yuan loss, a declined of 158.28% on a y-o-y basis, net profit has 824100 yuan loss with a 150.38% down on a
y-o-y basis. In property lease business, operation revenue achieved 18.7013 million yuan in first half of the year, a
6.22% increased over same period last year, operation profit achieved 4.9531 million yuan, a y-o-y growth of
292..85%, the net profit achieved 3.9904 million yuan , a y-o-y growth of 321.94%.
2. Matters relevant to financial report
(1) Particulars about the changes in aspect of accounting policy, estimates and calculation method
compared with the accounting period of last year
√Applicable □ Not applicable
On 5 July 2017, the Ministry of Finance issued the Notice on Revision and Issuance of Accounting Standards for Business Enterprise
No.14- Revenue (Cai Kuai [2017] No.22), enterprises that are listed both at home and abroad, as well as those listed overseas and
prepared their financial statements using IFRS or Accounting Standards for Business Enterprise, sha ll enter into force as of 1 Jan.
2018; other enterprise listed at home shall enter into force as of 1 Jan. 2020; and the non-listed enterprises that implement the
Accounting Standards for Business Enterprise shall enter into force as of 1 Jan. 2021. In accordance with the requirements of the
above document, the Company will implement the New Revenue Standards as of 1 Jan. 2020, and will make changes to the relevant
accounting policies in line with the provisions of the New Revenue Standards.
(2) Particulars about retroactive restatement on major correction for accounting errors in reporting period
□ Applicable √ Not applicable
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Shenzhen Zhongheng Huafa Co., Ltd.Summary of Semi-Annual Report 2020
The company had no particulars about retroactive restatement on major correction for accounting errors in the reporting perio d.
(3) Particulars about the change of consolidation range compared with the accounting period of last year
□ Applicable √ Not applicable
The Company’s consolidation range has no changes in the period.
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