SHENZHEN SPECIAL ECONOMIC ZONE REAL ESTATE &
PROPERTIES (GROUP) CO., LTD.
ABSTRACT OF THE THIRD QUARTERLY REPORT 2012
I. Important Notes
The Board of Directors, the Supervisory Committee and the directors, supervisors and senior management of
Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd. (hereinafter referred to as “the
Company”) hereby guarantee that this report does not contain any false information, misleading statements or
material omissions, and accept, individually and collectively, the responsibility for the factuality, accuracy and
completeness of this report.
All directors attended the board session for reviewing this report.
Zhou Jianguo, Person-in-charge of the Company, Chen Maozheng, Person-in-charge of the accounting work, and
Tang Xiaoping, Person-in-charge of the accounting organ hereby confirm the factuality and completeness of the
Financial Report in this quarterly report.
II. Company Profile
(I) Major accounting data and financial indexes
Any retrospective adjustment in previous financial statements?
□ Yes √ No □ Inapplicable
30 Sept. 2012 31 Dec. 2011 Increase/decrease (%)
Total assets (RMB Yuan) 3,495,348,805.51 3,236,127,046.06 8.01%
Owners’ equity attributable to
shareholders of the Company 1,591,794,557.67 1,528,596,536.13 4.13%
(RMB Yuan)
Share capital (share) 1,011,660,000.00 1,011,660,000.00 0%
Net assets per share
attributable to shareholders of
1.5734 1.511 4.13%
the Company (RMB
Yuan/share)
YoY increase/decrease YoY increase/decrease
Jul.-Sept. 2012 Jan.-Sept. 2012
(%) (%)
Gross operating revenues
260,092,023.21 7.42% 707,456,226.28 -11.13%
(RMB Yuan)
Net profit attributable to
shareholders of the Company 23,328,496.44 4.16% 63,412,594.53 -26.86%
(RMB Yuan)
Net cash flow from operating
-- -- -194,934,163.92 -331.46%
activities (RMB Yuan)
Net cash flow per share from
operating activities (RMB -- -- -0.1927 -331.46%
Yuan/share)
Basic EPS (RMB Yuan/share) 0.02 4.16% 0.0627 -26.86%
Diluted EPS (RMB
0.02 4.16% 0.0627 -26.86%
Yuan/share)
Weighted average ROE (%) 1.48% 0.01% 4.06% 1.83%
Weighted average ROE after 1.48% 0.01% 4.07% 1.76%
deducting non-recurring gains
1
and losses (%)
Items of non-recurring gains and losses
√Applicable □Inapplicable
Amount during
Item Jan.-Sept. 2012 (RMB Notes
Yuan)
Gains and losses on disposal of non-current assets 5,516.57 Disposal of fixed assets
Tax rebate, reduction or exemption due to un-authorized
approval or the lack of formal approval documents
Government grants recognized in the current year, except
for those acquired in the ordinary course of business or
granted at certain quotas or amounts according to the
country’s unified standards
Capital occupation fees received from non-financial
enterprises that are included in current gains and losses
Gains generated when the investment costs of the
Company’s acquiring subsidiaries, associates and joint
ventures are less than the fair value of identifiable net assets
in the investees attributable to the Company in the
acquisition of the investments
Exchange gains and losses of non-monetary assets
Gains and losses through entrusting others to invest or
manage assets
Various asset impairment provisions due to acts of God such
as natural disasters
Gains and losses on debt restructuring
Enterprise reorganization expenses, such as expenses on
employee settlement and integration
Gains and losses on the parts exceeding the fair value when
prices of transactions become unfair
Net current gains and losses from the period-begin to the
combination date of subsidiaries due to business
combinations under the same control
Gains and losses on contingent matters which are irrelevant
to the normal operation of the Company
Gains and losses on fair value changes of transactional
financial assets and liabilities, and investment gains on
disposal of transactional financial assets and liabilities and
available-for-sale financial assets, except for the effective
hedging business related to the Company’s normal operation
Reversal of impairment provisions for accounts receivable
which are separately tested for impairment signs
Gains and losses on entrustment loans from external parties
Gains and losses on fair value changes of investing
properties for which the fair value method is adopted for
subsequent measurement
Current gain and loss effect due to a just-for-once
adjustment to current gains and losses according to
requirements of taxation and accounting laws and
regulations
Custodian fee income from entrusted operations with the
Company
Other non-operating incomes and expenses besides the
-94,705.60 Compensation and donation expenses
items above
Other gain and loss items that meet the definition of
non-recurring gains and losses
2
Minority interests effects
Income tax effects 18,489.51
Total -70,699.52 --
“Other gain and loss items that meet the definition of non-recurring gains and losses” & non-recurring gain and
loss items recognized as recurring gain and loss items according to the natures and characteristics of the
Company’s normal business
Involved amount (RMB
Item Notes
Yuan)
(II) Total number of shareholders and top 10 shareholders at the period-end
Total number of shareholders
Particulars about shares held by the top ten shareholders holding tradable shares
Number of tradable shares held Type and number of shares
Name of shareholder
at period-end Type Number
SHENZHEN INVESTMENT
642,884,262 RMB ordinary shares 642,884,262
HOLDINGS CO., LTD
JING JIANJUN 1,750,000 RMB ordinary shares 1,750,000
GUOTAI JUNAN
Domestically listed foreign
SECURITIES(HONGKONG) 1,559,050 1,559,050
shares
LIMITED
Domestically listed foreign
WANG ZHONGMING 1,095,808 1,095,808
shares
Domestically listed foreign
WU HAOYUAN 1,092,100 1,092,100
shares
XUE HAOYUAN 894,956 RMB ordinary shares 894,956
PENG QIONGHUI 890,399 RMB ordinary shares 890,399
YANG MIANWA 826,574 RMB ordinary shares 826,574
AGRICULTURAL BANK OF
CHINA—CHINA SOUTHERN
823,159 RMB ordinary shares 823,159
CHINA SECURITIES 500
INDEX FUND (LOF)
XU TAIYING 780,000 RMB ordinary shares 780,000
Particulars about shareholders
III. Significant Events
(I) Significant changes in major accounting data, financial highlights and reasons for these
changes
√Applicable □Inapplicable
Unit: RMB Yuan
Opening amount at Increase/decr
Items Closing amount Reasons for changes
the year-begin ease (%)
Prepayments 75,766,197.79 44,871,783.45 68.85% More prepayments for construction
The subsidiary Shenzhen Zhentong
Short-term borrowings 26,000,000.00 20,000,000.00 30.00% Engineering Co., Ltd. secured more
short-term borrowings from banks.
3
Payroll payable 24,413,088.40 36,389,941.35 -32.91% Salaries for last year were paid.
The corporate income tax for last year was
paid, the business tax and surtax on the
Taxes and fares payable -3,117,666.96 2,969,643.65 -204.98% house payments received in advance were
prepaid, and land VAT was prepaid
according to the pre-levy rate.
The Company secured new long-term
borrowings from Shenzhen Rural
Commercial Bank, the Bank of East Asia,
Long-term borrowings 667,755,176.29 299,621,374.64 122.87%
Huaxia Bank, China Construction Bank
and Industrial and Commercial Bank of
China.
Increase/decr
Jan.-Sept. 2012 Jan.-Sept. 2011 Reasons for changes
ease (%)
Selling expenses 8,943,293.19 6,776,433.17 31.98% More expenses on project promotion
Default fine income on house payments
Non-operating income 76,292.34 1,183,641.61 -93.55% receivable decreased over the same period
of last year.
Translation difference of foreign-currency
Other comprehensive
-306,532.84 3,437,912.05 -108.92% statements decreased due to changes of
income
exchange rates.
Cash paid for goods The SPG Chuanqi Mountain project and
662,848,364.31 488,929,051.18 35.57%
and services the SPG Shanglin Garden project of the
Company both started construction within
Net cash flows from this year. As a result, payments for
-194,934,163.92 84,217,559.08 -331.46% construction increased over the same
operating activities
period of last year.
Net cash flows from
223,764,962.08 -128,566,830.10 274.05% New bank borrowings
financing activities
(II) Progress of significant events and its influence, as well as the analysis and explanation on
solutions
1. About non-standard audit opinion
□Applicable √Inapplicable
2. The Company offers capital to the controlling shareholder or its related parties or provides
external guarantees in violation of the prescribed procedures.
□Applicable √Inapplicable
3. Signing and execution of significant contracts concerning routine operation
□Applicable √Inapplicable
4. Others
□Applicable √Inapplicable
4
(III) Commitments of the Company or shareholders with an over 5% shareholding made in or carried
down into the reporting period
□Applicable √Inapplicable
(IV) Predict the 2012 annual operating results
Warnings of possible loss or large-margin change of the accumulated net profit made during the period from the
beginning of the year to the end of the next reporting period compared with the same period of the last year
according to prediction, as well as explanations on the reasons
□Applicable √Inapplicable
(V) Other significant events that need to be explained
1. Securities investment
□Applicable √Inapplicable
2. Investments in derivatives
□Applicable √Inapplicable
3. Derivative investments held at the period-end
□Applicable √Inapplicable
4. Researches, visits and interviews received in the reporting period
Main discussion and
Time of reception Place of reception Way of reception Visitor type Visitor materials provided
by the Company
Inquiring about the
Company’s
operating situation in
the first half year of
19 Jul. 2012 Company Office By phone Individual Individual investor
2012, with no
written materials
being provided by
the Company
Exchanging opinions
on relevant
information
disclosed in the
31 Aug. 2012 Company Office By phone Individual Individual investor semi-annual report
2012, with no
written materials
being provided by
the Company
Inquiring about data
in the semi-annual
report 2012 and
progress of
5 Sept. 2012 Company Office By phone Individual Individual investor investment projects,
with no written
materials being
provided by the
Company
5
Inquiring about the
progress of the
Company’s SPG
Chuanqi Mountain
28 Sept. 2012 Company Office By phone Individual Individual investor project and its
presale time, with no
written materials
being provided by
the Company
5. Corporate bonds issued
Any corporate bonds issued?
□ Yes √ No
6