Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017
SHENZHEN CHIWAN WHARF HOLDINGS LIMITED
THIRD QUARTER REPORT 2017
Date of disclosure: October 30, 2017
Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017
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 Bai Jingtao, Chief Financial Officer Yao Shenglan and Financial Manager
Li Xiaopeng 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 2017
Part II Company Fundamentals
I Key Consolidated Operating Results
Indicate by tick mark whether the Company needs to retrospectively restate any of its accounting data.
√ Yes □ No
September 30, 2017 December 31, 2016 Change
Total assets (RMB) 8,062,135,991.24 7,790,930,906.98 3.48%
Equity attributable to owners of the
4,864,342,734.09 4,736,505,836.65 2.70%
parent (RMB)
January-September
July-September 2017 YoY change YoY change
2017
Net sales (RMB) 686,261,296.41 6.81% 1,862,912,314.40 4.93%
Net margin attributable to owners of
164,362,034.13 3.86% 440,423,391.63 3.68%
the parent (RMB)
Net margin attributable to owners of
the parent before exceptional gains 163,375,030.69 1.87% 438,986,151.58 3.27%
and losses (RMB)
Net cash from operating activities
-- -- 916,388,412.10 19.23%
(RMB)
Basic earnings per share (RMB/share) 0.255 4.08% 0.683 3.02%
Diluted earnings per share
0.255 4.08% 0.683 3.02%
(RMB/share)
Weighted average return on equity
3.42% -0.13% 9.07% -0.34%
(%)
Reasons:
Business merger under the same control, for details, see “II Progress, Influence and Solutions Associated with Significant Events in
Part III Significant Events”
December 31, 2016 Change
September 30, 2017
Before adjustment After adjustment After adjustment
Total assets (RMB) 8,062,135,991.24 6,620,476,709.79 7,790,930,906.98 3.48%
Equity attributable to owners of the
4,864,342,734.09 4,709,815,552.89 4,736,505,836.65 2.70%
parent (RMB)
July-September January-September
YoY change YoY change
2017 2017
Net sales (RMB) 686,261,296.41 6.81% 1,862,912,314.40 4.93%
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Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017
Net margin attributable to owners of
164,362,034.13 3.86% 440,423,391.63 3.68%
the parent (RMB)
Net margin attributable to owners of
the parent before exceptional gains 163,375,030.69 1.87% 438,986,151.58 3.27%
and losses (RMB)
Net cash from operating activities
-- -- 916,388,412.10 19.23%
(RMB)
Basic earnings per share (RMB/share) 0.255 4.08% 0.683 3.02%
Diluted earnings per share
0.255 4.08% 0.683 3.02%
(RMB/share)
Weighted average return on equity
3.42% -0.13% 9.07% -0.34%
(%)
Exceptional gains and losses:
√ Applicable □ Not applicable
Unit: RMB
Item January-September 2017 Note
Gains/Losses on disposal of non-current assets (inclusive of offset asset impairment
-382,001.25
provisions)
Governmental subsidy recorded into current gains/losses (exclusive of governmental
subsidy closely relevant to business events, and quantified according to national unified 1,058,201.77
standards)
Non-operating income and expense other than above 2,126,781.23
Less: Income tax effects 517,484.97
Minority interests effects (after tax) 848,256.73
Total 1,437,240.05 --
Explanation of why the Company classified an item as an exceptional gain/loss according to the definition in the Explanatory
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gains and
Losses, or reclassified any exceptional gain/loss item given as an example in the said explanatory announcement as a recurrent
gain/loss:
□ Applicable √ Not applicable
No such cases in the Reporting Period.
II Total Number of Shareholders and Shareholdings of Top 10 Shareholders at Period-End
1. Numbers of Common Shareholders and Preference Shareholders with Resumed Voting Rights, and
Shareholdings of Top 10 Shareholders
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Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017
Unit: share
Total number of
Total number of preference shareholders
shareholders at the 36,333 shareholders in total, including 25,867
who had resumed their voting right at the 0
end of the A-share holders and 10,466 B-share holders
end of the Reporting Period
Reporting Period 数
Shareholdings of top 10 shareholders (all being non-restricted share holders)
Percentage
Type of shares Shares
Nature of of Number of non-restricted
Name of shareholder (A, B, H or pledged or
shareholder shareholdin shares held
other) frozen (share)
g
CHINA NANSHAN DEVELOPMENT State-owned
32.52% 209,687,067 A share 0
(GROUP) INC. corporation
Ordinary
SHENZHEN MALAI STORAGE CO., LTD. domestic 25% 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
Foreign
NORGES BANK 0.43% 2,802,863 B share Unknown
corporation
BBH A/C EMERGING Foreign
VANGUARD
0.41% 2,617,518 B share Unknown
MARKETS STOCK INDEX FUND corporation
CHINA MERCHANTS SECURITIES State-owned
0.34% 2,218,562 B share Unknown
(HONGKONG) LIMITED corporation
CANADA CORPORATION Foreign
POST
0.25% 1,631,396 B share Unknown
REGISTERED PENSION PLAN corporation
VANGUARD TOTAL INTERNATIONAL Foreign
0.24% 1,530,596 B share Unknown
STOCK INDEX FUND corporation
GUOTAI JUNAN Foreign
0.20% 1,317,877 B share Unknown
SECURITIES(HONGKONG) LIMITED corporation
China Merchants Port Holdings Company Limited (CMPort) is a
shareholder of China Nanshan Development (Group) Inc.. Shenzhen
Malai Storage Co., Ltd. and Keen Field Enterprises Limited are both
Related or acting-in-concert parties among shareholders above
wholly-funded subsidiaries of CMPort. Other than that, the Company
does not know whether the other non-restricted shareholders are related
parties or not.
Top 10 common shareholders conducting securities margin
N/A
trading (if any)
Indicate by tick mark whether any of the top 10 common shareholders or the top 10 non-restricted common shareholders of the
Company conducted any promissory repo during the Reporting Period.
□ Yea √ No
No such cases in the Reporting Period.
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Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017
2. Total Number of Preference Shareholders and Shareholdings of Top 10 of Them at Period-End
□ Applicable √ Not applicable
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Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017
Part III Significant Events
I Changes in Key Consolidated Financial Statement Items and Reasons for Such Changes
√ Applicable □ Not applicable
Unit: RMB
Item September 30, 2017 December 31, 2016 Change Main reason for change
Smaller loan repayment amount with
the Company’s own funds, and
Monetary funds 874,564,296.60 607,380,440.10 43.99%
receipt of government subsidy of
RMB100 million
Increased net sales and time
Accounts receivable 357,777,879.12 214,806,648.35 66.56%
difference of accounts receivable
Interest receivable 950,985.19 129,125.26 636.48% Higher interest income from deposits
Repayment of certain short-term
Short-term borrowings 155,000,000.00 241,270,000.00 -35.76%
borrowings
Higher payable for purchases and
Accounts payable 139,067,248.54 100,280,495.74 38.68%
engineering services
Discounts in container handling
Advances received 156,186,083.30 49,703,772.23 214.23% revenue had not yet been returned to
clients
Interest provision was undue for
Interest payable 9,123,534.28 3,577,374.14 155.03%
payment
A government subsidy received was
Deferred income 158,715,165.15 64,613,319.88 145.64%
charged to deferred income
Increase in income taxes payable by
Taxes payable 81,368,011.68 57,154,550.00 42.36% subsidiaries CCT and Dongguan
Chiwan Terminal
Other current liabilities 100,000,000.00 250,043,052.29 -60.01% Repayment of due commercial paper
January-September January-September
Item Change Main reason for change
2017 2016
Reclassification of stamp duty,
Taxes and surtaxes 8,230,223.38 4,472,881.74 84.00% property tax, land use tax and the like
as taxes and surtaxes
Decreases in average balance of
Finance costs 20,204,691.09 33,288,289.90 -39.30% interest-bearing liabilities and in
interest cost
Partial reversal of bad-debt
Asset impairment losses -1,480,049.31 1,080,549.96 -236.97% provisions associated with Hanjin
Shipping
Cash generated by other Receipt of government subsidy of
130,166,894.90 12,227,684.79 964.53% RMB100 million and of watercourse
operating activities occupation refunds
Cash received as Higher dividend received from joint
63,576,674.42 42,981,761.38 47.92% venture China Overseas Harbour
investment income Affairs (Laizhou) Co., Ltd.
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Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017
Net cash generated by
disposal of fixed assets,
2,941,303.87 1,916,084.08 53.51% More disposals of fixed assets
intangible assets and other
long-term assets
Cash received as
229,850,000.00 336,270,000.00 -31.65% Lower amount of loans obtained
borrowings
Repayment of borrowings 466,270,000.00 1,019,938,092.30 -54.28% Lower loan repayment amount
Cash used in other Decrease in financing costs resulted
406,269.73 2,091,987.24 -80.58%
financing activities by lower amount of loans obtained
II Progress, Influence and Solutions Associated with Significant Events
√ Applicable □ Not applicable
The Company, China Merchants Port Holdings Company Limited, Fatten Investments Limited and Media Port Investments Limited
have signed a Supplementary Agreement of Media Port Investments Limited Shareholder Agreement in Shenzhen dated August 23,
2017. According to the Supplementary Agreement, the Company was to take control of and bring into its consolidated financial
statements Shenzhen Mawan Wharf Co., Ltd., Shenzhen Mawan Port Services Co., Ltd. and Shenzhen Mawan Warehouse &
Terminals Co., Ltd. (collectively, the “Mawan Companies”). For more details, see the Announcement No. 2017-034 on Related
Transaction of Signing Supplementary Agreement of Media Port Investments Limited Shareholder Agreement disclosed by the
Company on http://www.cninfo.com.cn dated August 25, 2017.
As of the end of September 2017, the Company had finished appointing directors to Media Port Investments Limited, taking control
of the Mawan Companies in form and substance. As per the Accounting Standard No. 33 for Business Enterprises—Consolidated
Financial Statements, the Company has included the Mawan Companies in its consolidated financial statements as of September
2017; and restated the opening amounts and the amounts of the same period of last year of the comparative financial statements
according to the requirements of business mergers under the same control. After the said consolidation, the Company has seen sound
financial data, as well as significant improvements in total assets, owners’ equity, net sales, net margin and net cash from operating
activities. Meanwhile, the difference arising from the translation of the foreign-currency financial statements of Media Port
Investments Limited, which has been newly consolidated, resulted in an increase of RMB26.69 million in equities attributable to
owners of the parent, and the net profit and earnings per share of the parent company are basically unchanged. For the specific
financial data, see “Part IV Financial Statements” in the Company’s 2017 Third Quarter Report.
Summary of significant event Disclosure date Index to related announcement
Announcement No. 2017-034
Related Transaction of Signing Supplementary Agreement of
08/25/2017 disclosed by the Company on
Media Port Investments Limited Shareholder Agreement
http://www.cninfo.com.cn
III Commitments that the Company’s Actual Controller, Shareholders, Related Parties and
Acquirers, as well as the Company and Other Commitment Makers, Failed to Fulfill on Time
during Reporting Period
□ Applicable √ Not applicable
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Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017
No such cases in the Reporting Period.
IV Forecast of 2017 Annual Operating Results
Warning of a possible loss on or a significant year-over-year change in accumulative net margin during the period the beginning of
the current year through the end of the next reporting period, as well as the reasons:
□ Applicable √ Not applicable
V Securities Investments
√ Applicable □ Not applicable
Gain/los Cumulat
Account s on fair ive fair
Initial Purchas
ing value value Sold in Gain/loss
Variety of Code of Name of Opening ed in Closing Accountin Source
securities securities securities investment measure book value changes changes
current
current in current
book value g title of funds
ment in recorde period period
cost period
model current d into
period equity
Domestic
Available-
and Petroche Self-ow
Cost for-sale
400032 3,500,000 382,200 - - - - - 382,200 ned
foreign mical A1 method financial
funds
assets
stock
Domestic
Available-
and Guang Self-ow
Cost for-sale
400009 27,500 17,000 - - - - - 17,000 ned
foreign Jian 1 method financial
funds
assets
stock
Domestic
Jiangsu Fair Available-
and 1,260,0 Self-ow
for-sale
600377 Express 1,120,000 value 8,550,000 - - - 420,000 9,810,000 ned
foreign 00 financial
funds
way method assets
stock
1,260,0
Total 4,647,500 -- 8,949,200 - - - 420,000 10,209,200 -- --
00
Disclosure date of announcement of Board of Directors for review and approval of securities investment N/A
Disclosure date of announcement of shareholder meeting for review and approval of securities investment (if any) N/A
VI Investments in Derivative Financial Instruments
□ Applicable √ Not applicable
No such cases in the Reporting Period.
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Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017
VII Visits Paid to the Company for Purposes of Research, Communication, Interview, etc.
during Reporting Period
√ Applicable □ Not applicable
Date of visit Way of visit Type of visitor About
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 2017 (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 Irregularities Arising from Provision of Guarantees for Third Parties
□ Applicable √ Not applicable
No such cases in the Reporting Period.
IX Occupation of the Company’s Funds by Its Controlling Shareholder or Related Parties for
Non-Operating Purposes
□ 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 2017:
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 2017.
2. The internal control task groups of the Headquarters and the subsidiaries have searched for defects in internal control by
walk-through 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
2017. 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 2017
X Targeted Measures Taken to Help People Lift Themselves out of Poverty
The Company did not take such measures in the third quarter of the year and has no such plans for now.
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Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017
Part IV Financial Statements
I Financial Statements
1. Consolidated Balance Sheet
Prepared by Shenzhen Chiwan Wharf Holdings Limited
September 30, 2017
Unit: RMB
Item September 30, 2017 December 31, 2016
Current assets:
Monetary funds 874,564,296.60 607,380,440.10
Notes receivable 900,000.00 900,000.00
Accounts receivable 357,777,879.12 214,806,648.35
Prepayments 6,643,328.58 7,851,540.99
Interest receivable 950,985.19 129,125.26
Other accounts receivable 25,213,604.03 27,049,596.48
Inventories 26,445,646.78 22,011,047.53
Other current assets 21,003,698.39 18,310,220.71
Total current assets 1,313,499,438.69 898,438,619.42
Non-current assets:
Available-for-sale financial assets 23,719,200.00 22,459,200.00
Long-term equity investments 1,144,985,398.15 1,151,874,922.62
Investment property 23,027,539.71 23,646,913.77
Fixed assets 3,724,875,469.65 3,871,497,807.85
Construction in progress 214,857,070.28 167,093,107.33
Intangible assets 1,361,773,483.24 1,397,932,963.83
Goodwill 10,858,898.17 10,858,898.17
Long-term deferred expense 99,272,947.31 102,257,785.97
Deferred income tax assets 12,451,558.16 12,500,983.16
Other non-current assets 132,814,987.88 132,369,704.86
Total non-current assets 6,748,636,552.55 6,892,492,287.56
Total assets 8,062,135,991.24 7,790,930,906.98
Current liabilities:
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Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017
Short-term borrowings 155,000,000.00 241,270,000.00
Accounts payable 139,067,248.54 100,280,495.74
Advances received 156,186,083.30 49,703,772.23
Payroll payable 77,758,017.86 99,664,484.67
Taxes payable 81,368,011.68 57,154,550.00
Interest payable 9,123,534.28 3,577,374.14
Dividends payable - -
Other accounts payable 71,181,847.93 77,016,057.84
Other current liabilities 100,000,000.00 250,043,052.29
Total current liabilities 789,684,743.59 878,709,786.91
Non-current liabilities:
Bonds payable 298,780,273.96 298,331,506.85
Long-term accounts payable 25,000,000.00 25,000,000.00
Special payables 33,327,666.64 34,326,860.44
Deferred income 158,715,165.15 64,613,319.88
Deferred income tax liabilities 9,356,134.10 5,987,292.50
Total non-current liabilities 525,179,239.85 428,258,979.67
Total liabilities 1,314,863,983.44 1,306,968,766.58
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 23,813,048.03 24,588,088.79
Special reserve 9,711,994.49 4,145,765.65
Surplus reserve 520,074,434.56 520,074,434.56
Retained earnings 3,498,499,145.76 3,375,453,436.40
Equity attributable to owners of the parent 4,864,342,734.09 4,736,505,836.65
Minority interests 1,882,929,273.71 1,747,456,303.75
Total owners’ equity 6,747,272,007.80 6,483,962,140.40
Total liabilities and owners’ equity 8,062,135,991.24 7,790,930,906.98
The financial statements from Page 11 to Page 21 are signed by:
Legal representative: Bai Jingtao
Accounting head for this Report: Yao Shenglan
Head of the accounting organ: Li Xiaopeng
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Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017
2. Parent Company Balance Sheet
Unit: RMB
Item September 30, 2017 December 31, 2016
Current assets:
Monetary funds 200,879,162.16 97,401,657.09
Accounts receivable 17,998,494.23 14,730,412.29
Prepayments - 175,000.00
Dividends receivable - 134,702,787.76
Other accounts receivable 517,457,853.59 582,452,104.00
Inventories 497,482.51 394,234.74
Other current assets 988,881.86 997,740.76
Total current assets 737,821,874.35 830,853,936.64
Non-current assets:
Available-for-sale financial assets 23,719,200.00 22,459,200.00
Long-term accounts receivable 11,004,284.75 11,004,284.75
Long-term equity investments 2,022,540,265.95 2,032,600,191.97
Investment property 13,237,627.77 13,600,159.92
Fixed assets 207,290,779.16 179,815,891.12
Construction in progress 2,606,676.00 29,437,068.97
Intangible assets 60,688,517.86 62,890,018.39
Long-term deferred expense 4,021,874.62 4,156,590.13
Total non-current assets 2,345,109,226.11 2,355,963,405.25
Total assets 3,082,931,100.46 3,186,817,341.89
Current liabilities:
Accounts payable 13,519,878.96 15,743,751.91
Payroll payable 43,588,172.71 53,761,846.04
Taxes payable 4,311,051.90 1,906,748.15
Interest payable 11,818,787.23 5,657,953.71
Dividends payable 37,608,540.65 37,608,540.65
Other accounts payable 592,526,277.84 358,982,632.32
Other current liabilities 100,000,000.00 250,000,000.00
Total current liabilities 803,372,709.29 723,661,472.78
Non-current liabilities:
Bonds payable 298,780,273.96 298,331,506.85
Long-term accounts payable 150,650,000.00 116,662,000.00
Deferred income tax liabilities 2,172,500.00 1,857,500.00
Total non-current liabilities 451,602,773.96 416,851,006.85
Total liabilities 1,254,975,483.25 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 6,617,500.00 5,672,500.00
Special reserve 1,240,119.47 1,027,543.25
Surplus reserve 520,074,434.56 520,074,434.56
Retained earnings 415,258,578.59 634,765,399.86
Total owners’ equity 1,827,955,617.21 2,046,304,862.26
Total liabilities and owners’ equity 3,082,931,100.46 3,186,817,341.89
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Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017
3. Consolidated Income Statement for July-September
Unit: RMB
Item July-September 2017 July-September 2016
1. Operating revenue 686,261,296.41 642,497,334.27
Including: Net sales 686,261,296.41 642,497,334.27
2. Operating expenses 415,812,663.03 397,038,168.36
Including: Cost of sales 362,657,769.19 339,004,616.92
Taxes and surtaxes 1,853,478.88 1,036,819.66
Administrative expense 43,776,276.53 43,795,528.19
Finance costs 6,929,915.97 12,425,863.92
Asset impairment losses 595,222.47 775,339.67
Investment income (“-” for losses) 10,394,304.35 19,320,673.71
Other income - -
3. Operating margin (“-” for losses) 280,842,937.73 264,779,839.62
Add: Non-operating income 1,113,569.34 613,393.28
Including: Gains on disposal of non-current assets 144,255.59 -215,379.55
Less: Non-operating expense 126,565.90 2,703.72
Including: Losses on disposal of non-current assets 77,822.89 2,683.46
4. Gross margin (“-” for losses) 281,829,941.17 265,390,529.18
Less: Income tax expense 42,575,036.56 40,256,596.64
5. Net margin (“-” for losses) 239,254,904.61 225,133,932.54
Attributable to owners of the parent 164,362,034.13 158,250,238.49
Attributable to minority interests 74,892,870.48 66,883,694.05
6. Other comprehensive income, net of tax 7,500.00 352,500.00
Other comprehensive income, net of tax attributable to owners
7,500.00 352,500.00
of the parent
6.1 Other comprehensive income that will not be reclassified
- -
into gains/losses
6.1.1 Changes in net liabilities or assets with a defined
- -
benefit plan upon re-measurement
6.1.2 Share of other comprehensive income of investees
- -
that cannot be reclassified into gains/losses under equity method
6.2 Other comprehensive income to be subsequently
7,500.00 352,500.00
reclassified into gains/losses
6.2.1 Share of other comprehensive income of investees
- -
that will be reclassified into gains/losses under equity method
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Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017
6.2.2 Gains/Losses on fair value changes of
7,500.00 352,500.00
available-for-sale financial assets
Other comprehensive income, net of tax attributable to minority
- -
interests
7. Total comprehensive income 239,262,404.61 225,486,432.54
Attributable to owners of the parent 164,369,534.13 158,602,738.49
Attributable to minority interests 74,892,870.48 66,883,694.05
8. Earnings per share
8.1 Basic earnings per share 0.255 0.245
8.2 Diluted earnings per share 0.255 0.245
Where business mergers under the same control occurred in the current period, the net margin achieved by the merged parties before
the business mergers was RMB58,229,973.56, with the amount for the same period of last year being RMB42,291,496.81.
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Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017
4. Parent Company Income Statement for July-September
Unit: RMB
Item July-September 2017 July-September 2016
1. Operating revenue 66,570,669.54 58,898,536.26
Less: Operating expenses 34,063,158.58 36,460,684.75
Taxes and surtaxes 372,041.64 60,217.85
Administrative expense 17,180,373.46 16,795,578.39
Finance costs -2,591,099.97 4,596,652.68
Asset impairment losses - 149.26
Investment income (“-” for loss) 8,886,788.50 16,559,186.27
Other income - -
2. Operating margin (“-” for losses) 26,432,984.33 17,544,439.60
Add: Non-operating income 6,337.00 6,362.35
Including: Gains on disposal of non-current assets - -
Less: Non-operating expense 3,311.81 20.00
Including: Losses on disposal of non-current assets - -
3. Gross margin (“-” for losses) 26,436,009.52 17,550,781.95
Less: Income tax expense - -
4. Net margin (“-” for losses) 26,436,009.52 17,550,781.95
5. Other comprehensive income, net of tax 7,500.00 352,500.00
5.1 Other comprehensive income that will not be reclassified into
- -
gains and losses
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 gains/losses under equity method
5.2 Other comprehensive income to be subsequently reclassified
7,500.00 352,500.00
into gains/losses
5.2.1 Share of other comprehensive income of investees that will
- -
be reclassified into gains/losses under equity method
5.2.2 Gains/Losses on fair value changes of available-for-sale
7,500.00 352,500.00
financial assets
6. Total comprehensive income 26,443,509.52 17,903,281.95
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Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017
5. Consolidated Income Statement for January-September
Unit: RMB
Item January-September 2017 January-September 2016
1. Operating revenue 1,862,912,314.40 1,775,434,714.83
Including: Net sales 1,862,912,314.40 1,775,434,714.83
2. Operating expenses 1,194,041,544.89 1,152,337,888.79
Including: Cost of sales 1,045,402,366.92 981,827,555.72
Taxes and surtaxes 8,230,223.38 4,472,881.74
Administrative expense 121,684,312.81 131,668,611.47
Finance costs 20,204,691.09 33,288,289.90
Asset impairment losses -1,480,049.31 1,080,549.96
Investment income (“-” for losses) 56,687,149.95 72,201,947.34
Including: Share of gains/losses of associates and joint
47,270,149.95 65,909,759.49
ventures
Other income - -
3. Operating margin (“-” for losses) 725,557,919.46 695,298,773.38
Add: Non-operating income 3,733,188.38 4,027,849.62
Including: Gains on disposal of non-current assets 437,309.16 106,159.61
Less: Non-operating expense 930,206.63 575,529.14
Including: Losses on disposal of non-current assets 819,310.41 571,751.84
4. Gross margin (“-” for losses) 728,360,901.21 698,751,093.86
Less: Income tax expense 115,435,176.00 99,914,016.54
5. Net margin (“-” for losses) 612,925,725.21 598,837,077.32
Attributable to owners of the parent 440,423,391.63 424,785,745.46
Attributable to minority interests 172,502,333.58 174,051,331.86
6. Other comprehensive income, net of tax 945,000.00 45,000.00
Other comprehensive income, net of tax attributable to owners
945,000.00 45,000.00
of the parent
6.1 Other comprehensive income that will not be reclassified - -
into gains/losses
6.1.1 Changes in net liabilities or assets with a defined
- -
benefit plan upon re-measurement
6.1.2 Share of other comprehensive income of investees
- -
that cannot be reclassified into gains/losses under equity method
6.2 Other comprehensive income to be subsequently
945,000.00 45,000.00
reclassified into gains/losses
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Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017
6.2.1 Share of other comprehensive income of investees
- -
that will be reclassified into gains/losses under equity method
6.2.2 Gains/Losses on fair value changes of
945,000.00 45,000.00
available-for-sale financial assets
Other comprehensive income, net of tax attributable to minority
- -
interests
7. Total comprehensive income 613,870,725.21 598,882,077.32
Attributable to owners of the parent 441,368,391.63 424,830,745.46
Attributable to minority interests 172,502,333.58 174,051,331.86
8. Earnings per share
8.1 Basic earnings per share 0.683 0.663
8.2 Diluted earnings per share 0.683 0.663
Where business mergers under the same control occurred in the current period, the net margin achieved by the merged parties before
the business mergers was RMB135,542,110.31, with the amount for the same period of last year being RMB92,084,563.95.
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Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017
6. Parent Company Income Statement for January-September
Unit: RMB
Item January-September 2017 January-September 2016
1. Operating revenue 186,607,006.88 164,608,566.39
Less: Operating expenses 96,056,923.22 101,410,635.59
Taxes and surtaxes 1,667,191.54 1,607,995.47
Administrative expense 47,944,096.99 50,174,669.41
Finance costs -6,158,195.61 9,691,227.40
Asset impairment losses -7,730.22 2,044.50
Investment income (“-” for loss) 52,464,958.97 65,596,852.64
Including: Share of gains/losses of associates and joint
43,047,958.97 59,304,664.79
ventures
Other income - -
2. Operating margin (“-” for losses) 99,569,679.93 67,318,846.66
Add: Non-operating income 557,533.35 1,637,736.57
Including: Gains on disposal of non-current assets 304,464.57 171,544.01
Less: Non-operating expense 227,668.21 232,546.52
Including: Losses on disposal of non-current assets 223,219.56 232,546.52
3. Gross margin (“-” for losses) 99,899,545.07 68,724,036.71
Less: Income tax expense -396,443.74 -22,956.92
4. Net margin (“-” for losses) 100,295,988.81 68,746,993.63
5. Other comprehensive income, net of tax 945,000.00 45,000.00
5.1 Other comprehensive income that will not be reclassified
- -
into gains and losses
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 gains/losses under equity method
5.2 Other comprehensive income to be subsequently
945,000.00 45,000.00
reclassified into gains/losses
5.2.1 Share of other comprehensive income of investees that
- -
will be reclassified into gains/losses under equity method
5.2.2 Gains/Losses on fair value changes of
945,000.00 45,000.00
available-for-sale financial assets
6. Total comprehensive income 101,240,988.81 68,791,993.63
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Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017
7. Consolidated Cash Flow Statement for January-September
Unit: RMB
Item January-September 2017 January-September 2016
1. Cash generated by or used in operating activities:
Cash generated by sale of commodities and rendering of service 1,886,755,850.59 1,764,532,068.68
Cash generated by other operating activities 130,166,894.90 12,227,684.79
Subtotal of cash generated by operating activities 2,016,922,745.49 1,776,759,753.47
Cash paid for goods and services 552,027,076.14 495,535,759.29
Cash paid to and for employees 321,966,068.17 314,332,672.20
Taxes paid 119,220,073.51 107,777,242.73
Cash used in other operating activities 107,321,115.57 90,513,799.59
Subtotal of cash used in operating activities 1,100,534,333.39 1,008,159,473.81
Net cash from operating activities 916,388,412.10 768,600,279.66
2. Cash generated by or used in investing activities:
Cash received as investment income 63,576,674.42 42,981,761.38
Net cash generated by disposal of fixed assets, intangible assets and
2,941,303.87 1,916,084.08
other long-term assets
Subtotal of cash generated by investing activities 66,517,978.29 44,897,845.46
Cash paid to acquire fixed assets, intangible assets and other
137,273,803.83 104,620,042.89
long-term assets
Subtotal of cash used in investing activities 137,273,803.83 104,620,042.89
Net cash from investing activities -70,755,825.54 -59,722,197.43
3. Cash generated by or used in financing activities:
Cash received as borrowings 229,850,000.00 336,270,000.00
Subtotal of cash generated by financing activities 229,850,000.00 336,270,000.00
Repayment of borrowings 466,270,000.00 1,019,938,092.30
Cash paid for interest expenses and distribution of dividends or
334,203,771.24 293,208,811.58
profit
Cash used in other financing activities 406,269.73 2,091,987.24
Sub-total of cash used in financing activities 800,880,040.97 1,315,238,891.12
Net cash from financing activities -571,030,040.97 -978,968,891.12
4. Effect of foreign exchange rate changes on cash and cash equivalents -7,418,689.09 3,266,176.77
5. Net increase in cash and cash equivalents 267,183,856.50 -266,824,632.12
Add: Opening balance of cash and cash equivalents 607,380,440.10 853,942,590.54
6. Closing balance of cash and cash equivalents 874,564,296.60 587,117,958.42
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Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017
8. Parent Company Cash Flow Statement for January-September
Unit: RMB
Item January-September 2017 January-September 2016
1. Cash generated by or used in operating activities:
Cash generated by sale of commodities and rendering of service 188,772,047.78 174,937,200.38
Cash generated by other operating activities 469,499,883.46 546,013,547.01
Subtotal of cash generated by operating activities 658,271,931.24 720,950,747.39
Cash paid for goods and services 55,985,809.13 52,622,670.73
Cash paid to and for employees 83,152,010.01 91,312,092.54
Taxes paid 6,507,083.07 5,385,005.34
Cash used in other operating activities 160,933,506.79 336,708,507.74
Subtotal of cash used in operating activities 306,578,409.00 486,028,276.35
Net cash from operating activities 351,693,522.24 234,922,471.04
2. Cash generated by or used in investing activities:
Cash received as investment income 198,279,462.18 151,872,638.18
Net cash generated by disposal of fixed assets, intangible assets and
2,693,776.59 1,702,651.36
other long-term assets
Subtotal of cash generated by investing activities 200,973,238.77 153,575,289.54
Cash paid to acquire fixed assets, intangible assets and other long-term
9,112,426.06 21,315,019.70
assets
Subtotal of cash used in investing activities 9,112,426.06 21,315,019.70
Net cash from investing activities 191,860,812.71 132,260,269.84
3. Cash generated by or used in financing activities:
Cash received as borrowings 163,988,000.00 220,540,000.00
Cash generated by issuance of bonds 99,850,000.00 150,000,000.00
Subtotal of cash generated by financing activities 263,838,000.00 370,540,000.00
Repayment of borrowings 380,000,000.00 600,000,000.00
Cash paid for interest expenses and distribution of dividends or profit 322,990,776.06 285,565,620.49
Cash used in other financing activities 406,269.73 519,859.19
Sub-total of cash used in financing activities 703,397,045.79 886,085,479.68
Net cash from financing activities -439,559,045.79 -515,545,479.68
4. Effect of foreign exchange rate changes on cash and cash equivalents -517,784.09 -3,911,665.15
5. Net increase in cash and cash equivalents 103,477,505.07 -152,274,403.95
Add: Opening balance of cash and cash equivalents 97,401,657.09 331,615,767.60
6. Closing balance of cash and cash equivalents 200,879,162.16 179,341,363.65
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Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017
II Auditor’s Report
Are the Q3 2017 financial statements audited?
□Yes √ No
These financial statements are unaudited.
For and on behalf of the Board
Bai Jingtao
Chairman
Shenzhen Chiwan Wharf Holdings Limited
Dated October 30, 2017
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