Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2016
SHENZHEN CHIWAN WHARF HOLDINGS LIMITED
THIRD QUARTER REPORT 2016
Date of disclosure: 28 October 2016
Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2016
Section I Important Statements
The board of directors (the “Board”), the board of supervisors (the “Board of Supervisors”) as well
as the directors, supervisors and senior management of Shenzhen Chiwan Wharf Holdings Limited
(the “Company”) hereby guarantee the factuality, accuracy and completeness of the contents of this
Report, and shall be jointly and severally liable for any false representation, misleading statements
or material omissions in this Report.
All the directors attended the board meeting for the review of this Report.
Board Chairman Shi Wei, Chief Financial Officer Zhang Fang and Financial Manager Li Li hereby
guarantee that the financial statements carried in this Report are factual, accurate and complete.
This Report has been prepared in both Chinese and English. Should there be any discrepancies or
misunderstandings between the two versions, the Chinese version shall prevail.
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Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2016
Section II Financial Highlights & Shareholder Changes
I Highlights of accounting data and financial indicators
Whether the Company performs any retroactive adjustments to or restatements of its accounting data of last year due to change in
accounting policies or correction of accounting errors
□ Yes √ No
30 September 2016 31 December 2015 +/- (%)
Total assets (RMB) 6,710,692,291.27 6,913,772,876.99 -2.94%
Net assets attributable to shareholders
4,607,138,778.85 4,439,600,537.05 3.77%
of the Company (RMB)
July-September 2016 YoY +/- (%) January-September 2016 YoY +/- (%)
Operating revenues (RMB) 513,538,393.69 0.73% 1,418,348,045.93 2.00%
Net profit attributable to shareholders of
160,704,737.43 -8.45% 427,240,244.40 2.33%
the Company (RMB)
Net profit attributable to shareholders of
the Company excluding exceptional 160,374,471.28 -8.50% 425,090,855.59 1.45%
profit and loss (RMB)
Net cash flows from operating activities
-- -- 573,323,438.12 -11.12%
(RMB)
Basic earnings per share (RMB/share) 0.249 -8.46% 0.663 2.31%
Diluted earnings per share (RMB/share) 0.249 -8.46% 0.663 2.31%
Weighted average return on equity (%) 3.55% -0.59% 9.41% -0.45%
Unit: RMB
Item January-September 2016 Note
Profit/loss on disposal of non-current assets (including offset asset
-396,232.45
impairment provisions)
Government grants charged to the profit/loss for the period (except
for the government grants closely related to the business of the
792,260.53
Company and given at a fixed quota or amount in accordance with
nationally uniform standards)
Non-operating revenue and expense other than the above 2,340,740.57
Less: Corporate income tax 251,258.43
Minority interests (after tax) 336,121.41
Total 2,149,388.81 --
Explanation of why the Company classified an item as exceptional profit/loss according to the definition in the Explanatory
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Profit and Loss,
or reclassified any exceptional profit/loss item given as an example in the said explanatory announcement to recurrent profit/loss
□ Applicable √ Not applicable
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Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2016
II Total number of shareholders and shareholdings of top 10 shareholders at the period-end
1. Total number of ordinary shareholders and preference shareholders who had resumed their voting right
& shareholdings of top 10 shareholders at the period-end
Unit: share
Total number of preference
Total number of shareholders at 34,249 shareholders in total, including 23,914 shareholders who had resumed their
0
the end of the Reporting Period A-share holders and 10,335 B-share holders voting right at the end of the
Reporting Period
Shareholdings of top 10 shareholders (all being non-restricted share holders)
Number of Type of shares Shares
Nature of Percentage of
Name of shareholder non-restricted shares (A, B, H or pledged or
shareholder shareholding
held other) frozen (share)
CHINA NANSHAN DEVELOPMENT State-owned
32.52% 209,687,067 A share 0
(GROUP) INC. corporation
Ordinary domestic
SHENZHEN MALAI STORAGE CO., LTD. 25.00% 161,190,933 A share 0
corporation
Foreign
KEEN FIELD ENTERPRISES LIMITED 8.58% 55,314,208 B share 0
corporation
CMBLSA RE FTIF TEMPLETON ASIAN Foreign
7.43% 47,914,954 B share Unknown
GRW FD GTI 5496 corporation
3,769,399 A share
Domestic
ZHU WUGUANG 0.58% 3,973,723 Unknown
individual
204,324 B share
BBH A/C VANGUARD EMERGING Foreign
0.41% 2,617,518 B share Unknown
MARKETS STOCK INDEX FUND corporation
Foreign
TEMPLETON ASIAN GROWTH FUND 0.39% 2,534,858 B share Unknown
corporation
SHENWAN HONGYUAN SECURITIES Foreign
0.39% 2,486,586 B share Unknown
(HK) LIMITED corporation
CHINA MERCHANTS SECURITIES (HK) State-owned
0.34% 2,214,824 B share Unknown
CO., LTD. corporation
Foreign
NORGES BANK 0.26% 1,660,562 B share Unknown
corporation
China Merchants Port Holdings Company Limited* (CMPort) is a
shareholder of China Nanshan Development (Group) Inc.. (CND
Group). Shenzhen Malai Storage Co., Ltd. (Malai Storage) and Keen
Related or act-in-concert parties among the shareholders above
Field Enterprises Limited are both wholly-funded subsidiaries of
CMPort. Other than that, the Company does not know whether the
other non-restricted shareholders are related parties or not.
* China Merchants Port Holdings Company Limited is formerly known as “China Merchants Holdings (International) Company
Limited” (CMHI). The said name change took place on 10 August 2016.
Did any of the top 10 ordinary shareholders or the top 10 non-restricted ordinary shareholders of the Company conduct any
promissory repo during the Reporting Period?
□ Yea √ No
2. Total number of preference shareholders and shareholdings of the top 10 of them at the period-end
□ Applicable √ Not applicable
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Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2016
Section III Significant Events
I Changes in main accounting statement items and financial indicators in the Reporting
Period, as well as reasons for the changes
√ Applicable □ Not applicable
Unit: RMB
30 September 31 December
Item +/- +/- (%) Main reason for change
2016 2015
Monetary funds 458,277,511.84 683,138,123.66 -224,860,611.82 -33% More self-owned funds were used to repay debts
Discounts have not yet been given as to the
Accounts container handling revenue of the period; and
268,506,909.40 189,016,564.86 79,490,344.54 42%
receivable there was a slight increase in the turnover days of
accounts receivable
Other accounts Payment of a second-phase watercourse
36,503,112.16 14,908,748.44 21,594,363.72 145%
receivable occupancy fee (to be returned by the government)
Construction in Building of new plate silos for bulk cargos and
82,575,754.44 22,222,084.78 60,353,669.66 272%
progress berth renewal
Short-term Repayment of short-term borrowings with
- 141,610,178.37 -141,610,178.37 -100%
borrowings self-owned funds
The “13 Chiwan 01” Corporate Bond was
Non-current
redeemed ahead of maturity, so the bonds payable
liabilities due 504,004,136.75 5,306,254.17 498,697,882.58 9398%
of RMB500 million were reclassified into
within one year
non-current liabilities due within one year
Other current Repayment of some short-term bonds with
150,000,000.00 500,000,000.00 -350,000,000.00 -70%
liabilities self-owned funds
The “13 Chiwan 01” Corporate Bond was
redeemed ahead of maturity, so the bonds payable
Bonds payable - 497,764,383.59 -497,764,383.59 -100%
of RMB500 million were reclassified into
non-current liabilities due within one year
January-Septem January-Septembe
Item +/- +/- (%) Main reason for change
ber 2016 r 2015
Interest cost decreased as the average balance of
Finance costs 21,711,836.73 48,443,583.46 -26,731,746.73 -55% interest-bearing debts and the average loan rate
decreased
Expiration of the income tax preferential policy
Corporate (exemption for first three years and half reduction
79,443,347.70 58,030,462.54 21,412,885.16 37%
income tax for second three years) of subsidiary Dongguan
Chiwan Wharf Company Limited from this year
In the same period of last year, the money
Cash received
advanced for clients as to the Tonggu shipping
from other
8,890,587.84 39,974,117.19 -31,083,529.35 -78% lane was repaid and the first-phase watercourse
operating
occupancy fee was returned, while there were no
activities
such cases in the current period
In the current period, the money advanced for
Cash paid for
clients increased and the second-phase
other operating 62,502,243.86 21,666,665.93 40,835,577.93 188%
watercourse occupancy fee was paid, while there
activities
were no such cases in the same period of last year
Cash received In the current period, dividends from associate
as return on 77,454,161.88 34,386,896.52 43,067,265.36 125% Mawan Wharf were received, while there were no
investments such cases in the same period of last year
Cash received
from issuance 150,000,000.00 800,000,000.00 -650,000,000.00 -81% Decrease in short-term bonds issued
of bonds
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Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2016
Repayment of The first phase of corporate bonds of RMB500
745,531,586.99 1,100,000,000.00 -354,468,413.01 -32%
borrowings million was repaid in the same period of last year
Cash paid for
In the same period of last year, controlled
interest
subsidiary Chiwan Container Terminal Co., Ltd.
expenses and
286,096,232.65 464,056,566.07 -177,960,333.42 -38% distributed minority distributed dividends to
distribution of
minority shareholders, while there were no such
dividends or
cases in the same period of last year
profit
II Progress on significant events, as well as the influence and solutions
□ Applicable √ Not applicable
III Commitments of the Company, its shareholders, actual controller, acquirer, directors,
supervisors, senior management or other related parties fulfilled in the Reporting Period or
ongoing at the period-end
√ Applicable □ Not applicable
Time of
Commitm Type of Period of
Commitment Contents making Fulfillment
ent maker commitment commitment
commitment
CND Group proposed in Mar. 2009 to the
Company , which was reviewed and
approved in the general meeting of the
Company in May 2009. The Board of
In order to enhance the
Directors of the Company was authorized
shareholding confidence of
to formulate and carry out an equity
tradable share holders, and
incentive plan at a proper timing according
encourage the core
to applicable laws and regulations. In Jun.
management and key
2014, according to jointly
and all the shareholders can
promulgated by the State-owned Assets
coincide, CND made a
Supervision and Administration
Share reform CND commitment to entrust,
Other April 2006 Standing Commission of the State Council and the
commitment Group through the general meeting
Ministry of Finance, as well as
to formulate and carry out an
promulgated by CSRC, the equity
equity incentive plan at a
incentive plan could not be successfully
proper timing after the
formulated due to policy and regulation
completion of the share
changes, as well as some restrictions.
division reform according to
Therefore, the Company has decided not to
applicable laws and
formulate and carry out the equity
regulations.
incentive plan for now. The Board of
Directors will continue to follow and study
relevant policies and regulations, and
reconsider formulating and carrying out a
new equity incentive plan according to the
actual situation of the Company and
executing the decision-making procedure.
Commitment Commitment 1. Commitments made by Concerning
in the on horizontal CMPort about share custody; horizontal
acquisition competition, 2. Commitment made by competition, it In the process of execution
CMPort 2012-09-17
report or the related-party CMPort about guaranteeing is promised that
report on transactions the independency of the the horizontal
equity changes and capital Company; competition
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Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2016
occupation 3. Commitment made by issue will be
CMPort about horizontal solved through
competition; and ways such as
4. Commitment made by asset
CMPort about regulating reorganization
related-party transactions in the coming
3-5 years. And
the other three
commitments
are subject to
the share
custody period.
1. Commitment made by
Malai Storage about
guaranteeing the
Commitment independency of the
on horizontal Company; Whenever
competition, Malai Storage
Malai 2. Commitment made by
related-party 2012-12-27 holds the In the process of execution
Storage Malai Storage about
transactions Company’s
horizontal competition; and
and capital shares
occupation 3. Commitment made by
Malai Storage about
regulating related-party
transactions
CND Group irrevocably and
unconditionally agrees that if
Chiwan Wharf suffers from
any loss, expense, liability,
demanded compensation or
law suit due to any actual or
potential illegality or
unenforceability in any land 2001-03-20;
CND use agreement or relevant 2003-06-18;
Other Standing In the process of execution
Group documents signed or to be 2004-09-29
signed by CND Group or
other related problems, CND
Group promises to give full
immunity to the recipient
party of the land use right
and its inheritor and the
Other recipient person regarding
commitments the aforesaid matters.
made to
minority If the Company cannot pay
shareholders interest on time, pay
principals upon maturity or
is involved in any violation,
it shall at least take the
following measures:
1. Not to distribute profit to Whenever any
shareholders; of the corporate Fulfilled. The “13 Chiwan 01” Corporate
The 2013-10-18
Other 2. Suspend capital outlay bonds of “13 Bond has been redeemed on 18 October
Company
projects such as significant Chiwan 01” 2016.
outward investments or exists
mergers;
3. Reduce or stop salaries
and bonuses for directors and
senior management staff; and
4. Not to remove the persons
held chiefly responsible.
Executed on time or not Yes
Explain in detail specific reasons for failing to fulfill commitment and plan for next step
N/A
in case of commitment unfulfilled on time
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Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2016
IV Performance forecast for Y2016
Warning of possible loss or considerable YoY change in the accumulative net profit made during the year-beginning to the end of the
next reporting period, as well as the reasons
□ Applicable √ Not applicable
V Securities investment
√ Applicable □ Not applicable
Unit: RMB
Gain/loss
Initial Number of shares Shareholding Number of Shareholding
Variety of Code of Name of Closing book in Accounting Source of
investment held at percentage at shares held at percentage at
securities securities securities value Reporting title stock
cost period-beginning period-beginning period-end period-end
Period
Corporate
Available-fo shares, which
Ninghu r-sale are allowed for
Stock 600377 1,120,000 1,000,000 0.02% 1,000,000 0.02% 8,810,000 400,000
Expressway financial circulation
assets after share
reform
Available-fo
Petro-chemi r-sale Corporate
Stock 400032 3,500,000 780,000 0.26% 780,000 0.26% 382,200 -
cal A1 financial shares
assets
Available-fo
r-sale Corporate
Stock 400009 Guang Jian 1 27,500 20,000 0.02% 20,000 0.02% 17,000 -
financial shares
assets
Total 4,647,500 1,800,000 -- 1,800,000 -- 9,209,200 400,000 -- --
VI Investment in derivative financial instruments
□ Applicable √ Not applicable
No such cases in the Reporting Period.
VII Visits paid to the Company for purposes of research, communication, interview, etc.
during the Reporting Period
√ Applicable □ Not applicable
Date of visit Way of visit Type of visitor Index to main inquiry information
Phone talk, one-on-one Main inquiry: basic business condition, investments and
meeting and written inquiry financial condition of the Company;
Individual and
July-September 2016 (through the EasyIR platform Materials provided: brochure of the Company;
institution
of the Shenzhen Stock Index: SZSE EasyIR
Exchange) (http://irm.cninfo.com.cn/ssessgs/S000022/index.html)
VIII Illegal provision of guarantees for external parties
□ Applicable √ Not applicable
No such cases in the Reporting Period.
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Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2016
IX Occupation of the Company’s funds for non-operating purposes by the controlling
shareholder and its related parties
□ Applicable √ Not applicable
No such cases in the Reporting Period.
X Internal control progress
Pursuant to the “Internal Control Rules for Enterprises” and the mating guidelines, the Company has completed the following
internal control tasks for the third quarter of 2016:
1. The internal control task groups of the Headquarters and the subsidiaries have reviewed the flow chart risk matrix assessment of
last year, and have re-described work flows within the internal control improvement scope according to business changes this year so
as to formulate an internal control risk matrix and a core flow chart for the Company for 2016.
2. The internal control task groups of the Headquarters and the subsidiaries have searched for defects in internal control by designing
and running effectiveness tests.
3. The Company has searched for risks by going through the operation flows and has made a list of risks.
The Company carries out the internal control-related work according to the schedule for the internal control improvement plan for
2016. And the internal control project is right on schedule, with no derivation or delay.
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Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2016
Section IV Financial Statements
I Financial statements
1. Consolidated balance sheet
Prepared by Shenzhen Chiwan Wharf Holdings Limited
30 September 2016
Unit: RMB
Item Closing balance Opening balance
Current assets:
Monetary funds 458,277,511.84 683,138,123.66
Notes receivable - 3,327,000.00
Accounts receivable 268,506,909.40 189,016,564.86
Accounts paid in advance 2,398,757.22 2,678,775.41
Interest receivable - 72,773.05
Other accounts receivable 36,503,112.16 14,908,748.44
Inventories 18,201,575.88 17,300,307.66
Other current assets 12,139,057.93 12,889,208.71
Total current assets 796,026,924.43 923,331,501.79
Non-current assets:
Available-for-sale financial assets 22,719,200.00 22,659,200.00
Long-term equity investments 1,471,106,800.36 1,447,024,975.16
Investment property 26,056,309.90 26,747,795.38
Fixed assets 3,074,869,243.93 3,213,180,964.08
Construction in progress 82,575,754.44 22,222,084.78
Intangible assets 1,027,091,516.63 1,046,896,621.98
Goodwill 10,858,898.17 10,858,898.17
Long-term deferred expenses 55,464,172.49 57,241,809.97
Deferred tax assets 11,274,320.82 11,274,320.82
Other non-current assets 132,649,150.10 132,334,704.86
Total non-current assets 5,914,665,366.84 5,990,441,375.20
Total assets 6,710,692,291.27 6,913,772,876.99
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Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2016
Item Closing balance Opening balance
Current liabilities:
Short-term borrowings - 141,610,178.37
Accounts payable 94,957,590.94 91,453,838.66
Accounts received in advance 61,252,355.23 40,504,130.84
Payroll payable 71,374,925.64 77,084,662.63
Taxes and fares payable 57,814,750.60 48,134,602.74
Interest payable 27,601,095.86 18,519,838.93
Dividends payable 88,715,008.17 88,715,008.17
Other accounts payable 46,169,681.48 76,713,923.82
Non-current liabilities due within one year 504,004,136.75 5,306,254.17
Other current liabilities 150,000,000.00 500,000,000.00
Total current liabilities 1,101,889,544.67 1,088,042,438.33
Non-current liabilities:
Bonds payable - 497,764,383.59
Long-term accounts payable 7,993,005.60 -
Special payables 34,737,511.65 34,990,596.50
Deferred income 59,107,549.71 61,757,528.45
Deferred tax liabilities 1,922,500.00 1,907,500.00
Total non-current liabilities 103,760,566.96 596,420,008.54
Total liabilities 1,205,650,111.63 1,684,462,446.87
Owners’ equity:
Share capital 644,763,730.00 644,763,730.00
Capital reserve 167,480,381.25 165,564,739.15
Other comprehensive income -7,844,646.43 -7,889,646.43
Special reserve 6,410,240.18 3,719,755.58
Surplus reserve 520,074,434.56 520,074,434.56
Retained earnings 3,276,254,639.29 3,113,367,524.19
Equity attributable to owners of the Company 4,607,138,778.85 4,439,600,537.05
Minority interests 897,903,400.79 789,709,893.07
Total owners’ equity 5,505,042,179.64 5,229,310,430.12
Total liabilities and owners’ equity 6,710,692,291.27 6,913,772,876.99
The financial statements from Page 9 to Page 17 are signed by:
Legal representative: Shi Wei
Accounting head for this Report: Zhang Fang
Head of the accounting organ: Li Li
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Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2016
2. Balance sheet of the Company
Unit: RMB
Item Closing balance Opening balance
Current assets:
Monetary funds 179,341,363.65 331,615,767.60
Accounts receivable 18,128,046.67 20,084,782.32
Accounts paid in advance 924,369.00 489,500.00
Dividends receivable 108,370,429.14 217,818,690.44
Other accounts receivable 624,750,185.58 679,107,748.88
Inventories 991,008.33 1,026,023.04
Other current assets 658,138.06 487,860.51
Total current assets 933,163,540.43 1,250,630,372.79
Non-current assets:
Available-for-sale financial assets 22,719,200.00 22,659,200.00
Long-term accounts receivable 11,004,284.75 11,004,284.75
Long-term equity investments 2,024,283,723.10 2,000,153,426.29
Investment property 15,923,942.05 16,358,585.53
Fixed assets 182,273,313.58 192,230,359.90
Construction in progress 23,014,113.44 1,945,894.40
Intangible assets 62,884,454.70 65,112,021.93
Long-term deferred expenses 4,201,495.30 4,391,427.41
Total non-current assets 2,346,304,526.92 2,313,855,200.21
Total assets 3,279,468,067.35 3,564,485,573.00
Current liabilities:
Accounts payable 12,843,540.25 15,487,513.65
Accounts received in advance - 152,681.00
Payroll payable 46,097,352.86 47,533,873.50
Taxes and fares payable 882,043.52 1,571,813.93
Interest payable 28,967,805.49 20,381,890.98
Dividends payable 37,608,540.65 37,608,540.65
Other accounts payable 465,859,134.76 327,263,528.94
Non-current liabilities due within one year 498,364,931.54 -
Other current liabilities 150,000,000.00 500,000,000.00
Total current liabilities 1,240,623,349.07 949,999,842.65
Non-current liabilities:
Bonds payable - 497,764,383.59
Long-term payables 116,662,000.00 -
Deferred tax liabilities 1,922,500.00 1,907,500.00
Total non-current liabilities 118,584,500.00 499,671,883.59
Total liabilities 1,359,207,849.07 1,449,671,726.24
Owners’ equity:
Share capital 644,763,730.00 644,763,730.00
Capital reserve 240,001,254.59 239,043,433.54
Other comprehensive income 5,867,500.00 5,822,500.00
Special reserve 1,515,136.75 1,465,450.61
Surplus reserve 520,074,434.56 520,074,434.56
Retained earnings 508,038,162.38 703,644,298.05
Total owners’ equity 1,920,260,218.28 2,114,813,846.76
Total liabilities and owners’ equity 3,279,468,067.35 3,564,485,573.00
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Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2016
3. Consolidated income statement for the Reporting Period
Unit: RMB
Item July-September 2016 July-September 2015
1. Operating revenues 513,538,393.69 509,817,001.86
Less: Operating costs 265,743,927.10 252,784,856.53
Business tax and surtaxes 969,574.16 1,794,432.45
Administrative expenses 40,374,224.18 42,462,416.71
Finance costs 7,458,222.38 14,272,783.17
Asset impairment loss 715,864.11 111,324.23
Add: Return on investment (“-” means loss) 31,862,762.84 34,558,398.42
Including: Share of profit/loss of associates and joint
31,862,762.84 31,337,178.42
ventures
2. Operating profit (“-” means loss) 230,139,344.60 232,949,587.19
Add: Non-operating revenue 603,723.93 1,316,850.16
Less: Non-operating expense 4,703.46 957,964.03
Including: Loss on disposal of non-current assets 4,683.46 934,566.57
3. Total profit (“-” means loss) 230,738,365.07 233,308,473.32
Less: Corporate income tax 29,782,340.94 23,571,931.38
4. Net profit (“-” means loss) 200,956,024.13 209,736,541.94
Net profit attributable to owners of the Company 160,704,737.43 175,532,433.81
Minority interests’ income 40,251,286.70 34,204,108.13
5. Other comprehensive income net of tax 352,500.00 -1,290,000.00
Other comprehensive income net of tax attributable to
352,500.00 -1,290,000.00
owners of the Company
5.1 Other comprehensive income that will not be
- -
reclassified into profit/loss
5.1.1 Changes in net liabilities or assets with a
- -
defined benefit plan upon re-measurement
5.1.2 Share of other comprehensive income of
investees that cannot be reclassified into profit/loss under the - -
equity method
5.2 Other comprehensive income to be subsequently
352,500.00 -1,290,000.00
reclassified into profit/loss
5.2.1 Share of other comprehensive income of
investees that will be reclassified into profit/loss under the - -
equity method
5.2.2 Profit/loss on fair value changes of
352,500.00 -1,290,000.00
available-for-sale financial assets
5.2.3 Currency translation differences - -
Other comprehensive income net of tax attributable to
- -
minority interests
6. Total comprehensive income 201,308,524.13 208,446,541.94
Attributable to owners of the Company 161,057,237.43 174,242,433.81
Attributable to minority interests 40,251,286.70 34,204,108.13
7. Earnings per share
7.1 Basic earnings per share 0.249 0.272
7.2 Diluted earnings per share 0.249 0.272
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Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2016
4. Income statement of the Company for the Reporting Period
Unit: RMB
Item July-September 2016 July-September 2015
1. Operating revenues 58,898,536.26 66,688,234.98
Less: Operating costs 36,460,684.75 40,752,274.42
Business tax and surtaxes 60,217.85 969,490.03
Administrative expenses 16,795,578.39 17,670,340.06
Finance costs 4,596,652.68 6,437,819.88
Asset impairment loss 149.26 -
Add: Return on investment (“-” means loss) 16,559,186.27 20,593,318.24
Including: Share of profit/loss of associates and joint
16,559,186.27 17,372,098.24
ventures
2. Operating profit (“-” means loss) 17,544,439.60 21,451,628.83
Add: Non-operating revenue 6,362.35 453,036.08
Less: Non-operating expense 20.00 618,164.84
Including: Loss on disposal of non-current assets - 609,746.85
3. Total profit (“-” means loss) 17,550,781.95 21,286,500.07
Less: Corporate income tax - 44,720.39
4. Net profit (“-” means loss) 17,550,781.95 21,241,779.68
5. Other comprehensive income net of tax 352,500.00 -1,290,000.00
5.1 Other comprehensive income that will not be
- -
reclassified into profit/loss
5.1.1 Changes in net liabilities or assets with a
- -
defined benefit plan upon re-measurement
5.1.2 Share of other comprehensive income of
investees that cannot be reclassified into profit/loss under - -
the equity method
5.2 Other comprehensive income to be
352,500.00 -1,290,000.00
subsequently reclassified into profit/loss
5.2.1 Share of other comprehensive income of
investees that will be reclassified into profit/loss under - -
the equity method
5.2.2 Profit/loss on fair value changes of
352,500.00 -1,290,000.00
available-for-sale financial assets
5.2.3 Currency translation differences - -
6. Total comprehensive income 17,903,281.95 19,951,779.68
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Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2016
5. Consolidated income statement for the period from the year-beginning to the end of the Reporting
Period
Unit: RMB
Item January-September 2016 January-September 2015
1. Operating revenues 1,418,348,045.93 1,390,605,010.64
Less: Operating costs 757,902,451.69 716,212,368.12
Business tax and surtaxes 4,137,516.57 5,711,929.33
Administrative expenses 122,322,092.89 126,664,288.63
Finance costs 21,711,836.73 48,443,583.46
Asset impairment loss 1,003,908.27 264,601.66
Add: Return on investment (“-” means loss) 101,163,019.25 83,393,395.74
Including: Share of profit/loss of associates and joint
94,870,831.40 79,792,175.74
ventures
2. Operating profit (“-” means loss) 612,433,259.03 576,701,635.18
Add: Non-operating revenue 3,242,937.74 2,329,480.93
Including: Profit on disposal of non-current assets 106,159.61 179,365.30
Less: Non-operating expense 506,169.09 1,053,548.73
Including: Loss on disposal of non-current assets 502,392.06 989,074.87
3. Total profit (“-” means loss) 615,170,027.68 577,977,567.38
Less: Corporate income tax 79,443,347.70 58,030,462.54
4. Net profit (“-” means loss) 535,726,679.98 519,947,104.84
Net profit attributable to owners of the Company 427,240,244.40 417,509,806.15
Minority interests’ income 108,486,435.58 102,437,298.69
5. Other comprehensive income net of tax 45,000.00 495,000.00
Other comprehensive income net of tax attributable to
45,000.00 495,000.00
owners of the Company
5.1 Other comprehensive income that will not be
- -
reclassified into profit/loss
5.1.1 Changes in net liabilities or assets with a defined
- -
benefit plan upon re-measurement
5.1.2 Share of other comprehensive income of investees
that cannot be reclassified into profit/loss under the equity - -
method
5.2 Other comprehensive income to be subsequently
45,000.00 495,000.00
reclassified into profit/loss
5.2.1 Share of other comprehensive income of investees
- -
that will be reclassified into profit/loss under the equity method
5.2.2 Profit/loss on fair value changes of
45,000.00 495,000.00
available-for-sale financial assets
5.2.3 Currency translation differences - -
Other comprehensive income net of tax attributable to
- -
minority interests
6. Total comprehensive income 535,771,679.98 520,442,104.84
Attributable to owners of the Company 427,285,244.40 418,004,806.15
Attributable to minority interests 108,486,435.58 102,437,298.69
7. Earnings per share
7.1 Basic earnings per share 0.663 0.648
7.2 Diluted earnings per share 0.663 0.648
14
Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2016
6. Income statement of the Company for the period from the year-beginning to the end of the Reporting
Period
Unit: RMB
Item January-September 2016 January-September 2015
1. Operating revenues 164,608,566.39 193,836,073.60
Less: Operating costs 101,410,635.59 110,413,003.41
Business tax and surtaxes 1,607,995.47 3,524,798.36
Administrative expenses 50,174,669.41 53,931,419.86
Finance costs 9,691,227.40 24,105,858.54
Asset impairment loss 2,044.50 -
Add: Return on investment (“-” means loss) 65,596,852.64 50,007,108.74
Including: Share of profit/loss of associates and joint ventures 59,304,664.79 46,405,888.74
2. Operating profit (“-” means loss) 67,318,846.66 51,868,102.17
Add: Non-operating revenue 1,637,736.57 776,144.42
Less: Non-operating expense 232,546.52 630,241.24
Including: Loss on disposal of non-current assets 232,526.52 609,746.85
3. Total profit (“-” means loss) 68,724,036.71 52,014,005.35
Less: Corporate income tax -22,956.92 44,720.39
4. Net profit (“-” means loss) 68,746,993.63 51,969,284.96
5. Other comprehensive income net of tax 45,000.00 495,000.00
5.1 Other comprehensive income that will not be
- -
reclassified into profit/loss
5.1.1 Changes in net liabilities or assets with a defined
- -
benefit plan upon re-measurement
5.1.2 Share of other comprehensive income of investees
- -
that cannot be reclassified into profit/loss under the equity method
5.2 Other comprehensive income to be subsequently
45,000.00 495,000.00
reclassified into profit/loss
5.2.1 Share of other comprehensive income of investees
- -
that will be reclassified into profit/loss under the equity method
5.2.2 Profit/loss on fair value changes of
45,000.00 495,000.00
available-for-sale financial assets
5.2.3 Currency translation differences - -
6. Total comprehensive income 68,791,993.63 52,464,284.96
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Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2016
7. Consolidated cash flow statement for the period from the year-beginning to the end of the Reporting
Period
Unit: RMB
Item January-September 2016 January-September 2015
1. Cash flows from operating activities:
Cash received from sale of commodities and rendering of service 1,403,015,694.32 1,349,697,267.36
Cash received from other operating activities 8,890,587.84 39,974,117.19
Subtotal of cash inflows from operating activities 1,411,906,282.16 1,389,671,384.55
Cash paid for goods and services 419,855,993.57 370,402,226.06
Cash paid to and for employees 265,019,787.62 254,888,013.61
Taxes and fares paid 91,204,818.99 97,694,399.85
Cash paid for other operating activities 62,502,243.86 21,666,665.93
Subtotal of cash outflows from operating activities 838,582,844.04 744,651,305.45
Net cash flows from operating activities 573,323,438.12 645,020,079.10
2. Cash flows from investing activities:
Cash received as return on investments 77,454,161.88 34,386,896.52
Net cash received from disposal of fixed assets, intangible assets
1,916,084.08 281,694.10
and other long-term assets
Subtotal of cash inflows from investing activities 79,370,245.96 34,668,590.62
Cash paid to acquire fixed assets, intangible assets and other
99,165,354.36 93,438,339.56
long-term assets
Subtotal of cash outflows from investing activities 99,165,354.36 93,438,339.56
Net cash flows from investing activities -19,795,108.40 -58,769,748.94
3. Cash flows from financing activities:
Cash received as borrowings 100,000,000.00 138,736,732.40
Cash received from issuance of bonds 150,000,000.00 800,000,000.00
Subtotal of cash inflows from financing activities 250,000,000.00 938,736,732.40
Repayment of borrowings 745,531,586.99 1,100,000,000.00
Cash paid for interest expenses and distribution of dividends or
286,096,232.65 464,056,566.07
profit
Including: dividends or profit paid by subsidiaries to minority
- 204,931,608.76
interests
Cash paid for other financing activities 519,859.19 1,738,520.08
Sub-total of cash outflows from financing activities 1,032,147,678.83 1,565,795,086.15
Net cash flows from financing activities -782,147,678.83 -627,058,353.75
4. Effect of foreign exchange rate changes on cash and cash
3,758,737.29 -2,242,864.59
equivalents
5. Net increase in cash and cash equivalents -224,860,611.82 -43,050,888.18
Add: Opening balance of cash and cash equivalents 683,138,123.66 468,635,486.47
6. Closing balance of cash and cash equivalents 458,277,511.84 425,584,598.29
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Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2016
8. Cash flow statement of the Company for the period from the year-beginning to the end of the Reporting
Period
Unit: RMB
Item January-September 2016 January-September 2015
1. Cash flows from operating activities:
Cash received from sale of commodities and rendering of service 174,937,200.38 193,128,253.22
Cash received from other operating activities 546,013,547.01 731,590,999.68
Subtotal of cash inflows from operating activities 720,950,747.39 924,719,252.90
Cash paid for goods and services 52,622,670.73 49,300,093.04
Cash paid to and for employees 91,312,092.54 96,166,672.38
Taxes and fares paid 5,385,005.34 11,818,616.49
Cash paid for other operating activities 336,708,507.74 535,813,840.98
Subtotal of cash outflows from operating activities 486,028,276.35 693,099,222.89
Net cash flows from operating activities 234,922,471.04 231,620,030.01
2. Cash flows from investing activities:
Cash received as return on investments 151,872,638.18 253,192,782.75
Net cash received from disposal of fixed assets, intangible assets
1,702,651.36 1,322,137.50
and other long-term assets
Subtotal of cash inflows from investing activities 153,575,289.54 254,514,920.25
Cash paid to acquire fixed assets, intangible assets and other
21,315,019.70 2,294,682.86
long-term assets
Subtotal of cash outflows from investing activities 21,315,019.70 2,294,682.86
Net cash flows from investing activities 132,260,269.84 252,220,237.39
3. Cash flows from financing activities:
Cash received as borrowings 220,540,000.00 -
Cash received from issuance of bonds 150,000,000.00 800,000,000.00
Subtotal of cash inflows from financing activities 370,540,000.00 800,000,000.00
Repayment of borrowings 600,000,000.00 1,100,000,000.00
Cash paid for interest expenses and distribution of dividends or
285,565,620.49 258,146,654.29
profit
Cash paid for other financing activities 519,859.19 1,738,520.08
Sub-total of cash outflows from financing activities 886,085,479.68 1,359,885,174.37
Net cash flows from financing activities -515,545,479.68 -559,885,174.37
4. Effect of foreign exchange rate changes on cash and cash
-3,911,665.15 472,635.99
equivalents
5. Net increase in cash and cash equivalents -152,274,403.95 -75,572,270.98
Add: Opening balance of cash and cash equivalents 331,615,767.60 281,427,034.32
6. Closing balance of cash and cash equivalents 179,341,363.65 205,854,763.34
17
Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2016
II Auditor’s report
Is this Report audited?
□ Yes √ No
This Report is unaudited.
For and on behalf of the Board
Shi Wei
Chairman
Shenzhen Chiwan Wharf Holdings Limited
Dated 28 October 2016
18