The Report for the First Quarter of 2017－Shenzhen Chiwan Wharf Holdings Limited
Shenzhen Chiwan Wharf Holdings Limited
The Report for the First Quarter of 2017
Disclosed on 28 April 2017
The Report for the First Quarter of 2017－Shenzhen Chiwan Wharf Holdings Limited
Section I Important Statements
The Board of Directors, Supervisory Committee, directors, supervisors and senior management of
Shenzhen Chiwan Wharf Holdings Limited (hereinafter referred to as the “Company”) hereby
guarantee that the information presented in this Report is factual, accurate and complete, and shall
be jointly and severally liable for any false information, misleading statements or material
omissions carried in this Report.
All directors attended the board meeting for the review of this Report.
Board Chairman Shi Wei, Chief Financial Officer Zhang Fang and Financial Manager Li Xiaopeng
hereby guarantee the factuality, accuracy and completeness of the Financial Report in this Report.
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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The Report for the First Quarter of 2017－Shenzhen Chiwan Wharf Holdings Limited
Section II Company Profile
I Key financial results
Whether the Company performed any retroactive adjustments to or restatement of its accounting data due to changes of accounting
policies or correction of accounting errors
□ Yes √ No
January-March 2017 January-March 2016 +/-%
Operating revenues (RMB) 468,384,678.35 441,414,712.95 6.11%
Net profit attributable to shareholders of the Company (RMB) 138,844,490.95 121,221,004.55 14.54%
Net profit attributable to shareholders of the Company before
138,192,368.56 120,104,236.05 15.06%
exceptional profit and loss (RMB)
Net operating cash flow (RMB) 246,485,777.68 101,594,145.81 142.62%
Basic earnings per share (RMB/share) 0.215 0.188 14.36%
Diluted earnings per share (RMB/share) 0.215 0.188 14.36%
Weighted average return on equity (%) 2.90% 2.69% 0.21%
31 March 2017 31 December 2016 +/-%
Total assets (RMB) 6,853,772,592.75 6,620,476,709.79 3.52%
Net assets attributable to shareholders of the Company (RMB) 4,851,161,927.42 4,709,815,552.89 3.00%
Exceptional profit and loss
√ Applicable □ Not applicable
Unit: RMB
Item January-March 2017 Note
Profit/loss on disposal of non-current assets (including offset asset impairment
-224,200.15
provisions)
Government subsidies charged to the profit/loss for this Reporting Period (except for
the government grants closely related to the business of the Company and given at a 249,400.59
fixed quota or amount in accordance with the State’s uniform standards)
Non-operating income and expense other than the above 1,081,261.26
Less: Corporate income tax 235,566.45
Minority interests (after tax) 218,772.86
Total 652,122.39 --
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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The Report for the First Quarter of 2017－Shenzhen Chiwan Wharf Holdings Limited
II Total number of shareholders at the period-end and shareholdings of top ten shareholders
1. Numbers of common shareholders and preference shareholders with resumed voting rights as well as
shareholdings of top ten shareholders
Unit: share
Total number of common 33,912 (including 23,386 A-shareholders and Total number of preference
shareholders at the shareholders with resumed voting 0
period-end 10,526 B-shareholders) rights at the period-end
Shareholdings of top ten shareholders (all non-restricted shareholders)
Shareholding Number of Type of share Number of
Nature of
Name of shareholder percentage non-restricted shares (A, B, H or pledged or
shareholder
(%) held others) frozen shares
CHINA NANSHAN DEVELOPMENT State-owned
32.52% 209,687,067 A share 0
(GROUP) INC. corporation
Domestic
SHENZHEN MALAI STORAGE CO., LTD. non-state-owned 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
CHINA MERCHANTS SECURITIES (HK) State-owned
0.41% 2,657,270 B share Unknown
CO., LTD. corporation
BBH A/C VANGUARD EMERGING Foreign
0.41% 2,617,518 B share Unknown
MARKETS STOCK INDEX FUND corporation
SHENWAN HONGYUAN SECURITIES Foreign
0.39% 2,531,586 B share Unknown
(HK) LIMITED corporation
Foreign
TEMPLETON ASIAN GROWTH FUND 0.29% 1,885,170 B share Unknown
corporation
Domestic 1,617,700 A share
ZHU WUGUANG 0.28% 1,822,024 Unknown
individual 204,324 B share
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., and Shenzhen Malai Storage Co., Ltd. and Keen
Related or acting-in-concert parties among the
Field Enterprises Limited are both wholly-funded subsidiaries of CMPort. Other than
above shareholders
that, the Company does not know whether the other non-restricted shareholders are
related parties or not.
Top ten common shareholders conducting
N/A
securities margin trading (if any)
Whether the top ten common shareholders or the top ten non-restricted common shareholders of the Company conducted any
promissory repo during the Reporting Period
□ Yes √ No
2. Total number of preference shareholders and shareholdings of the top ten of them
□ Applicable √ Not applicable
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The Report for the First Quarter of 2017－Shenzhen Chiwan Wharf Holdings Limited
Section III Significant Events
I Changes in major accounting statement items and financial indicators for the Reporting
Period, as well as reasons for such changes
√ Applicable □ Not applicable
Unit: RMB
Item 31 March 2017 31 December 2016 +/-% Explanation of change
Increased revenues, good collection of
operating receivables, as well as
Monetary funds 731,754,432.58 426,036,702.87 72%
dividends from associates and joint
ventures
Reclassification of the amount provided
Accounts received in
101,582,463.65 30,668,212.67 231% for discounts for clients in the container
advance
handling business to this item
Item January-March 2017 January-March 2016 +/-% Explanation of change
Decreased average balance of
interest-bearing debts, decreased average
Finance cost 4,209,635.23 12,952,880.37 -68%
interest rate for debt, and increased
interest income from savings
Cash received from
Increased revenues and good collection
sale of goods and 514,859,752.75 382,639,583.12 35%
of operating receivables
rendering of services
Cash received from
Rebates of riverway use fee by the
other operating 17,142,321.42 1,867,403.55 818%
Dongguan government
activities
The phase II of the silo project of the
Cash paid to acquire Machong Wharf in Dongguan started
fixed assets, massive construction last year, and the
24,338,639.71 44,369,397.91 -45%
intangible assets and main construction was almost finished in
other long-term assets the current period. Therefore, the
relevant payments decreased.
II Progress of significant events and analysis & explanations on their influence and solutions
□ Applicable √ Not applicable
III Overdue commitments of the Company’s actual controller, shareholders, related parties
and acquirer, as well as the Company and other commitment makers in this Reporting Period
or ongoing at the period-end
□ Applicable √ Not applicable
IV Operating result forecast for January-June 2017
Warning of possible loss or considerable YoY change of the accumulated net profit made during the period-beginning to the end of
the next reporting period according to prediction, as well as explanations on the reasons:
□Applicable √ Not applicable
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The Report for the First Quarter of 2017－Shenzhen Chiwan Wharf Holdings Limited
V Securities investments
√ Applicable □ Not applicable
Profit/loss
Initial Opening Opening Closing Closing
Variety of Code of Name of Closing in the Accounting Source of
investment number of shareholding number of shareholding
securities securities securities book value Reporting title securities
cost shares held percentage shares held percentage
Period
Available-f
Petrochemical or-sale Corporate
Stock 400032 3,500,000 780,000 0.26% 780,000 0.26% 382,200 -
A1 financial shares
assets
Available-f
or-sale Corporate
Stock 400009 Guang Jian 1 27,500 20,000 0.02% 20,000 0.02% 17,000 -
financial shares
assets
Corporate
shares that
Available-f
had become
Jiangsu or-sale
Stock 600377 1,120,000 1,000,000 0.02% 1,000,000 0.02% 9,350,000 - tradable
Expressway financial
through
assets
share
reform
Total 4,647,500 1,800,000 -- 1,800,000 -- 9,749,200 - -- --
VI Investments in derivative financial instruments
□ Applicable √ Not applicable
VII Visits paid to the Company in the Reporting Period for purposes of research,
communication, interview, etc.
√ Applicable □ Not applicable
Date of visit Way of visit Type of visitor Index to main inquiry information
Main inquiry: basic business condition, investments and
Phone talks, one-on-one financial condition of the Company;
meetings and written inquiry Individuals and Materials provided: brochure of the Company;
January-March 2017
(through the EasyIR platform of institutions
Index: SZSE EasyIR
SZSE)
(http://irm.cninfo.com.cn/ssessgs/S000022/index.html)
VIII Illegal provision of guarantees for external parties
□ Applicable √ Not applicable
IX Occupation of the Company’s funds by the controlling shareholder or its related parties
for non-operating purposes
□ Applicable √ Not applicable
X Progress made on internal control
In the first quarter of 2017, according to the previously-set evaluation standards, the Company evaluated the defects found in the
internal control tests, and then drew up a defect evaluation summary sheet and a rectification plan. Also, according to the results of its
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The Report for the First Quarter of 2017－Shenzhen Chiwan Wharf Holdings Limited
aforesaid work, the Company produced the 2016 annual internal control self-evaluation report, which was later disclosed upon
review and approval at the 7th Meeting of the 8th Board of Directors and the 7th Meeting of the 8th Supervisory Committee.
The Company engaged Deloitte Touche Tohmatsu Certified Public Accountants LLP to audit the effectiveness of its 2016 financial
reporting internal control. A standard auditor’s report with unqualified opinion was issued by DDT and later disclosed by the
Company.
Currently, the Company is making preparations for its internal control activities in 2017. It has renewed the list of the internal control
task group members, formulated the work plan and schedule for internal control in 2017 and determined the subjects and work flows
for the internal control in 2017.
The Company has completed the internal control work in 2016 according to the schedule in the internal control work plan for 2016,
as well as the preparations for its internal control activities in 2017 according to the schedule in the internal control work plan for
2017, with no deviation or delay.
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The Report for the First Quarter of 2017－Shenzhen Chiwan Wharf Holdings Limited
Section IV Financial Statements
I Financial statements
1. Consolidated balance sheet
Prepared by Shenzhen Chiwan Wharf Holdings Limited
31 March 2017
Unit: RMB
Item Closing balance Opening balance
Current assets:
Monetary funds 731,754,432.58 426,036,702.87
Notes receivable 500,000.00 500,000.00
Accounts receivable 213,653,061.89 173,934,496.63
Accounts paid in advance 2,335,059.79 2,639,758.53
Interest receivable 1,784,495.22 -
Other accounts receivable 18,754,169.74 26,647,869.01
Inventories 16,655,646.06 14,771,410.09
Other current assets 16,735,235.83 16,832,212.36
Total current assets 1,002,172,101.11 661,362,449.49
Non-current assets:
Available-for-sale financial assets 23,259,200.00 22,459,200.00
Long-term equity investments 1,430,551,974.09 1,490,427,656.53
Investment property 23,440,455.75 23,646,913.77
Fixed assets 2,990,027,608.78 3,036,813,842.54
Construction in progress 172,291,040.92 164,604,358.31
Intangible assets 1,001,322,072.01 1,010,767,451.01
Goodwill 10,858,898.17 10,858,898.17
Long-term deferred expenses 54,424,780.79 54,944,476.64
Deferred tax assets 12,221,758.47 12,221,758.47
Other non-current assets 133,202,702.66 132,369,704.86
Total non-current assets 5,851,600,491.64 5,959,114,260.30
Total assets 6,853,772,592.75 6,620,476,709.79
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The Report for the First Quarter of 2017－Shenzhen Chiwan Wharf Holdings Limited
Item Closing balance Opening balance
Current liabilities:
Accounts payable 97,712,560.70 89,444,597.10
Accounts received in advance 101,582,463.65 30,668,212.67
Payroll payable 49,133,794.54 88,578,492.26
Taxes payable 63,399,330.24 48,504,829.80
Interest payable 7,512,069.19 2,567,260.28
Other accounts payable 77,506,709.75 74,590,394.09
Other current liabilities 250,000,000.00 250,000,000.00
Total current liabilities 646,846,928.07 584,353,786.20
Non-current liabilities:
Bonds payable 298,479,452.05 298,331,506.85
Special payables 34,311,475.44 34,326,860.44
Deferred income 62,919,815.91 64,613,319.88
Deferred tax liabilities 2,057,500.00 1,857,500.00
Total non-current liabilities 397,768,243.40 399,129,187.17
Total liabilities 1,044,615,171.47 983,482,973.37
Owners’ equity:
Share capital 644,763,730.00 644,763,730.00
Capital reserve 167,480,381.25 167,480,381.25
Other comprehensive income -7,439,646.43 -8,039,646.43
Special reserve 6,047,649.23 4,145,765.65
Surplus reserve 520,074,434.56 520,074,434.56
Retained earnings 3,520,235,378.81 3,381,390,887.86
Equity attributable to owners of the
4,851,161,927.42 4,709,815,552.89
Company
Minority interests 957,995,493.86 927,178,183.53
Total owners’ equity 5,809,157,421.28 5,636,993,736.42
Total liabilities and owners’ equity 6,853,772,592.75 6,620,476,709.79
The financial statements from Page 8 to Page 16 have been signed by:
Legal representative: Shi Wei
Accounting head for this Report: Zhang Fang
Head of the accounting department: Li Xiaopeng
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The Report for the First Quarter of 2017－Shenzhen Chiwan Wharf Holdings Limited
2. Balance sheet of the Company
31 March 2017
Unit: RMB
Item Closing balance Opening balance
Current assets:
Monetary funds 158,064,728.44 97,401,657.09
Accounts receivable 18,288,788.47 14,730,412.29
Accounts paid in advance - 175,000.00
Dividends receivable 134,702,787.76 134,702,787.76
Other accounts receivable 576,425,113.67 582,452,104.00
Inventories 466,271.05 394,234.74
Other current assets 798,247.84 997,740.76
Total current assets 888,745,937.23 830,853,936.64
Non-current assets:
Available-for-sale financial assets 23,259,200.00 22,459,200.00
Long-term accounts receivable 11,004,284.75 11,004,284.75
Long-term equity investments 1,992,554,203.35 2,032,600,191.97
Investment property 13,479,315.87 13,600,159.92
Fixed assets 176,865,307.66 179,815,891.12
Construction in progress 29,681,915.24 29,437,068.97
Intangible assets 62,156,237.80 62,890,018.39
Long-term deferred expenses 4,111,684.96 4,156,590.13
Total non-current assets 2,313,112,149.63 2,355,963,405.25
Total assets 3,201,858,086.86 3,186,817,341.89
Current liabilities:
Accounts payable 14,635,065.49 15,743,751.91
Payroll payable 34,092,593.43 53,761,846.04
Taxes payable 4,098,583.72 1,906,748.15
Interest payable 11,561,618.80 5,657,953.71
Dividends payable 37,608,540.65 37,608,540.65
Other accounts payable 354,245,509.67 358,982,632.32
Other current liabilities 250,000,000.00 250,000,000.00
Total current liabilities 706,241,911.76 723,661,472.78
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The Report for the First Quarter of 2017－Shenzhen Chiwan Wharf Holdings Limited
Item Closing balance Opening balance
Non-current liabilities:
Bonds payable 298,479,452.05 298,331,506.85
Long-term payables 116,662,000.00 116,662,000.00
Deferred tax liabilities 2,057,500.00 1,857,500.00
Total non-current liabilities 417,198,952.05 416,851,006.85
Total liabilities 1,123,440,863.81 1,140,512,479.63
Owners’ equity:
Share capital 644,763,730.00 644,763,730.00
Capital reserve 240,001,254.59 240,001,254.59
Other comprehensive income 6,272,500.00 5,672,500.00
Special reserve 1,294,930.07 1,027,543.25
Surplus reserve 520,074,434.56 520,074,434.56
Retained earnings 666,010,373.83 634,765,399.86
Total owners’ equity 2,078,417,223.05 2,046,304,862.26
Total liabilities and owners’ equity 3,201,858,086.86 3,186,817,341.89
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The Report for the First Quarter of 2017－Shenzhen Chiwan Wharf Holdings Limited
3. Consolidated income statement
Unit: RMB
Item January-March 2017 January-March 2016
1. Operating revenues 468,384,678.35 441,414,712.95
Including: Sales income 468,384,678.35 441,414,712.95
2. Operating costs 299,133,015.25 291,965,473.18
Including: Cost of sales 261,580,326.05 236,654,754.94
Taxes and surtaxes 1,432,755.55 1,792,311.93
Administrative expenses 33,721,864.00 40,542,016.58
Finance costs 4,209,635.23 12,952,880.37
Asset impairment loss -1,811,565.58 23,509.36
Investment income (“-” means loss) 26,942,604.67 27,668,676.91
Including: Share of profit/loss of associates and joint ventures 26,942,604.67 27,668,676.91
3. Operating profit (“-” means loss) 196,194,267.77 177,117,916.68
Add: Non-operating income 1,330,818.10 1,663,517.08
Including: Profit on disposal of non-current assets - 321,539.16
Less: Non-operating expense 224,356.40 338,088.51
Including: Loss on disposal of non-current assets 223,219.56 337,226.51
4. Total profit (“-” means loss) 197,300,729.47 178,443,345.25
Less: Corporate income tax 28,070,406.29 24,716,392.29
5. Net profit (“-” means loss) 169,230,323.18 153,726,952.96
Net profit attributable to owners of the Company 138,844,490.95 121,221,004.55
Minority interests’ income 30,385,832.23 32,505,948.41
6. Other comprehensive income net of tax 600,000.00 -292,500.00
Other comprehensive income net of tax attributable to owners of
600,000.00 -292,500.00
the Company
6.1 Other comprehensive income that will not be reclassified
- -
into profit/loss
6.2 Other comprehensive income to be subsequently
600,000.00 -292,500.00
reclassified into profit/loss
6.2.1 Share of other comprehensive income of investees
- -
that will be reclassified into profit/loss under the equity method
6.2.2 Profit/loss on fair value changes of available-for-sale
600,000.00 -292,500.00
financial assets
7. Total comprehensive income 169,830,323.18 153,434,452.96
Attributable to owners of the Company 139,444,490.95 120,928,504.55
Attributable to minority interests 30,385,832.23 32,505,948.41
8. Earnings per share
8.1 Basic earnings per share 0.215 0.188
8.2 Diluted earnings per share 0.215 0.188
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The Report for the First Quarter of 2017－Shenzhen Chiwan Wharf Holdings Limited
4. Income statement of the Company
Unit: RMB
Item January-March 2017 January-March 2016
1. Operating revenues 58,846,673.04 49,433,329.05
Less: Operating costs 28,369,134.19 30,085,424.42
Taxes and surtaxes 437,325.39 1,033,967.71
Administrative expenses 13,732,717.55 16,883,495.99
Finance costs -407,865.92 5,414,566.24
Asset impairment loss -7,730.22 -
Investment income (“-” means loss) 14,113,685.80 18,353,503.92
Including: Share of profit/loss of associates and joint
14,113,685.80 18,353,503.92
ventures
2. Operating profit (“-” means loss) 30,836,777.85 14,369,378.61
Add: Non-operating income 236,108.78 1,100,767.39
Less: Non-operating expense 224,356.40 232,526.52
Including: Loss on disposal of non-current assets 223,219.56 232,526.52
3. Total profit (“-” means loss) 30,848,530.23 15,237,619.48
Less: Corporate income tax -396,443.74 -22,956.92
4. Net profit (“-” means loss) 31,244,973.97 15,260,576.40
5. Other comprehensive income net of tax 600,000.00 -292,500.00
5.1 Other comprehensive income that will not be
- -
reclassified into profit and 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
600,000.00 -292,500.00
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
600,000.00 -292,500.00
available-for-sale financial assets
6. Total comprehensive income 31,844,973.97 14,968,076.40
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The Report for the First Quarter of 2017－Shenzhen Chiwan Wharf Holdings Limited
5. Consolidated cash flow statement
Unit: RMB
Item January-March 2017 January-March 2016
1. Cash flows from operating activities:
Cash received from sale of commodities and
514,859,752.75 382,639,583.12
rendering of service
Tax refunds received 158,614.28 -
Cash received from other operating activities 17,693,492.00 2,851,496.76
Subtotal of cash inflows from operating activities 532,711,859.03 385,491,079.88
Cash paid for goods and services 148,673,219.27 125,326,979.56
Cash paid to and for employees 111,618,112.88 111,137,404.72
Taxes paid 25,460,902.12 20,514,375.57
Cash paid for other operating activities 473,847.08 26,918,174.22
Subtotal of cash outflows due to operating
286,226,081.35 283,896,934.07
activities
Net cash flows from operating activities 246,485,777.68 101,594,145.81
2. Cash flows from investing activities:
Cash received as investment income 84,327,546.74 70,034,999.53
Net cash received from disposal of fixed assets,
771,316.00 252,412.00
intangible assets and other long-term assets
Subtotal of cash inflows from investing activities 85,098,862.74 70,287,411.53
Cash paid to acquire fixed assets, intangible
24,338,639.71 44,369,397.91
assets and other long-term assets
Subtotal of cash outflows due to investing
24,338,639.71 44,369,397.91
activities
Net cash flows from investing activities 60,760,223.03 25,918,013.62
3. Cash flows from financing activities:
Subtotal of cash inflows from financing activities - -
Repayment of borrowings - 140,849,560.30
Cash paid for interest expenses and
- 513,541.36
distribution of dividends or profit
Cash paid for other financing activities 5,600.00 -
Sub-total of cash outflows due to financing
5,600.00 141,363,101.66
activities
Net cash flows from financing activities -5,600.00 -141,363,101.66
4. Effect of foreign exchange rate changes on
-1,522,671.00 -1,115,454.93
cash and cash equivalents
5. Net increase in cash and cash equivalents 305,717,729.71 -14,966,397.16
Add: Opening balance of cash and cash
426,036,702.87 683,138,123.66
equivalents
6. Closing balance of cash and cash equivalents 731,754,432.58 668,171,726.50
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The Report for the First Quarter of 2017－Shenzhen Chiwan Wharf Holdings Limited
6. Cash flow statement of the Company
Unit: RMB
Item January-March 2017 January-March 2016
1. Cash flows from operating activities:
Cash received from sale of commodities and
57,834,557.29 49,595,046.08
rendering of service
Cash received from other operating activities 117,473,798.03 107,591,863.96
Subtotal of cash inflows from operating activities 175,308,355.32 157,186,910.04
Cash paid for goods and services 18,184,362.42 15,700,632.19
Cash paid to and for employees 39,055,245.07 40,373,824.00
Taxes paid 2,119,399.84 1,642,067.82
Cash paid for other operating activities 109,249,867.33 100,643,978.15
Subtotal of cash outflows due to operating
168,608,874.66 158,360,502.16
activities
Net cash flows from operating activities 6,699,480.66 -1,173,592.12
2. Cash flows from investing activities:
Cash received as investment income 54,159,674.42 36,132,189.03
Net cash received from disposal of fixed assets,
771,000.00 69,000.00
intangible assets and other long-term assets
Subtotal of cash inflows from investing activities 54,930,674.42 36,201,189.03
Cash paid to acquire fixed assets, intangible
852,045.04 2,557,972.75
assets and other long-term assets
Subtotal of cash outflows due to investing
852,045.04 2,557,972.75
activities
Net cash flows from investing activities 54,078,629.38 33,643,216.28
3. Cash flows from financing activities:
Subtotal of cash inflows from financing activities - -
Cash paid for other financing activities 5,600.00 -
Sub-total of cash outflows due to financing
5,600.00 -
activities
Net cash flows from financing activities -5,600.00 -
4. Effect of foreign exchange rate changes on
-109,438.69 -77,060.35
cash and cash equivalents
5. Net increase in cash and cash equivalents 60,663,071.35 32,392,563.81
Add: Opening balance of cash and cash
97,401,657.09 331,615,767.60
equivalents
6. Closing balance of cash and cash equivalents 158,064,728.44 364,008,331.41
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The Report for the First Quarter of 2017－Shenzhen Chiwan Wharf Holdings Limited
II Auditor’s report
Is this Report audited?
□ Yes √ No
For and on behalf of the Board
Shi Wei
Chairman
Shenzhen Chiwan Wharf Holdings Limited
Dated 28 April 2017
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