SHENZHEN SPECIAL ECONOMIC ZONE REAL ESTATE &
PROPERTIES (GROUP) CO., LTD.
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
Items Closing amount Opening amount at Increase/decr 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
Long-term borrowings 667,755,176.29 299,621,374.64 122.87% Commercial Bank, the Bank of East Asia,
Huaxia Bank, China Construction Bank
and Industrial and Commercial Bank of
China.
Jan.-Sept. 2012 Jan.-Sept. 2011 Increase/decr 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.
Other comprehensive Translation difference of foreign-currency
-306,532.84 3,437,912.05 -108.92% statements decreased due to changes of
income
exchange rates.
Cash paid for goods
662,848,364.31 488,929,051.18 35.57% The SPG Chuanqi Mountain project and
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
IV. Appendix
(I) Financial statements
Consolidated statements or not?
√ Yes □ No □ Inapplicable
The currency unit for data of the financial statements below is RMB Yuan unless otherwise specified.
1. Consolidated balance sheet
Prepared by: Shenzhen Special Economic Zone Real & Properties (Group) Co., Ltd.
Unit: RMB Yuan
Item Balance as at 30 Sept. 2012 Balance as at 30 Jun. 2012
Current Assets:
Monetary funds 358,510,188.43 333,469,243.72
Settlement reserves
Intra-group lendings
Transactional financial assets
Notes receivable
Accounts receivable 21,120,065.26 19,139,800.22
Accounts paid in advance 75,766,197.79 44,871,783.45
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract reserves
Interest receivable 341,000.00
Dividend receivable
Other accounts receivable 56,081,589.71 46,087,935.04
Financial assets purchased under
agreements to resell
Inventories 2,341,818,988.65 2,132,760,206.58
Non-current assets due within 1 year
Other current assets
Total current assets 2,853,297,029.84 2,576,669,969.01
Non-current assets:
Loans by mandate and advances granted
6
Available-for-sale financial assets
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 63,346,188.26 63,346,188.26
Investing property 492,921,435.47 508,001,693.51
Fixed assets 58,974,013.16 60,918,611.65
Construction in progress
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 5,964,501.74 6,196,086.71
R&D expense
Goodwill
Long-term deferred expenses 442,404.21 591,264.09
Deferred income tax assets 20,403,232.83 20,403,232.83
Other non-current assets
Total of non-current assets 642,051,775.67 659,457,077.05
Total assets 3,495,348,805.51 3,236,127,046.06
Current liabilities:
Short-term borrowings 26,000,000.00 20,000,000.00
Borrowings from Central Bank
Customer bank deposits and due to
banks and other financial institutions
Intra-group borrowings
Transactional financial liabilities
Notes payable
Accounts payable 83,657,768.14 109,202,474.18
Accounts received in advance 216,424,062.34 258,976,095.57
Financial assets sold for repurchase
Handling charges and commissions
payable
Employee’s compensation payable 24,413,088.40 36,389,941.35
Tax payable -3,117,666.96 2,969,643.65
Interest payable 16,535,277.94 16,535,277.94
Dividend payable
Other accounts payable 390,908,207.38 384,721,231.13
Reinsurance premiums payable
Insurance contract reserves
Payables for acting trading of securities
Payables for acting underwriting of
securities
Non-current liabilities due within 1 year 598,162,578.73 697,095,738.47
Other current liabilities
Total current liabilities 1,352,983,315.97 1,525,890,402.29
Non-current liabilities:
Long-term borrowings 667,755,176.29 299,621,374.64
7
Bonds payable
Long-term payables 11,128,032.45 10,308,648.22
Specific payables
Estimated liabilities
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 678,883,208.74 309,930,022.86
Total liabilities 2,031,866,524.71 1,835,820,425.15
Owners’ equity (or shareholders’ equity)
Paid-up capital (or share capital) 1,011,660,000.00 1,011,660,000.00
Capital reserves 978,244,858.10 978,244,858.10
Less: Treasury stock
Specific reserves
Surplus reserves 4,974,391.15 4,974,391.15
Provisions for general risks
Retained profits -412,556,354.36 -475,968,948.89
Foreign exchange difference 9,471,662.78 9,686,235.77
Total equity attributable to owners of the
1,591,794,557.67 1,528,596,536.13
Company
Minority interests -128,312,276.87 -128,289,915.22
Total owners’ (or shareholders’) equity 1,463,482,280.80 1,400,306,620.91
Total liabilities and owners’ (or
3,495,348,805.51 3,236,127,046.06
shareholders’) equity
Legal representative: Zhou Jianguo Person-in-charge of the accounting work: Wei Hanping
Chief of the accounting division: Tang Xiaoping
2. Balance sheet of the Company
Prepared by: Shenzhen Special Economic Zone Real & Properties (Group) Co., Ltd.
Unit: RMB Yuan
Item Balance as at 30 Sept. 2012 Balance as at 30 Jun. 2012
Current Assets:
Monetary funds 190,775,810.22 153,281,158.51
Transactional financial assets
Notes receivable
Accounts receivable 4,467,266.68 4,484,384.86
Accounts paid in advance 3,860,435.00 1,664,400.00
Interest receivable 341,000.00
Dividend receivable
Other accounts receivable 370,628,734.73 305,330,386.21
Inventories 1,725,786,632.70 1,522,326,774.87
Non-current assets due within 1 year
Other current assets
Total current assets 2,295,518,879.33 1,987,428,104.45
Non-current assets:
Available-for-sale financial assets
Held-to-maturity investments
8
Long-term accounts receivable
Long-term equity investment 286,516,902.86 286,516,902.86
Investing property 431,058,493.65 444,953,535.87
Fixed assets 34,494,490.55 36,367,166.98
Construction in progress
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 351,966.74 426,066.71
R&D expense
Goodwill
Long-term deferred expenses 203,588.70 245,986.35
Deferred income tax assets 6,814.20 6,814.20
Other non-current assets
Total of non-current assets 752,632,256.70 768,516,472.97
Total assets 3,048,151,136.03 2,755,944,577.42
Current liabilities:
Short-term borrowings
Transactional financial liabilities
Notes payable
Accounts payable 26,178,616.31 18,844,767.78
Accounts received in advance 8,177,610.30 12,627,059.60
Employee’s compensation payable 6,577,593.31 10,393,956.41
Tax payable 2,350,912.84 1,636,872.67
Interest payable 16,535,277.94 16,535,277.94
Dividend payable
Other accounts payable 604,346,332.71 625,106,207.82
Non-current liabilities due within 1 year 598,162,578.73 557,095,738.47
Other current liabilities
Total current liabilities 1,262,328,922.14 1,242,239,880.69
Non-current liabilities:
Long-term borrowings 567,755,176.29 299,621,374.64
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 567,755,176.29 299,621,374.64
Total liabilities 1,830,084,098.43 1,541,861,255.33
Owners’ equity (or shareholders’ equity)
Paid-up capital (or share capital) 1,011,660,000.00 1,011,660,000.00
Capital reserves 978,244,858.10 978,244,858.10
Less: Treasury stock
Specific reserves
9
Surplus reserves
Provisions for general risks
Retained profits -771,837,820.50 -775,821,536.01
Foreign exchange difference
Total owners’ (or shareholders’) equity 1,218,067,037.60 1,214,083,322.09
Total liabilities and owners’ (or
3,048,151,136.03 2,755,944,577.42
shareholders’) equity
Legal representative: Zhou Jianguo Person-in-charge of the accounting work: Wei Hanping
Chief of the accounting division: Tang Xiaoping
3. Consolidated income statement for the reporting period
Prepared by: Shenzhen Special Economic Zone Real & Properties (Group) Co., Ltd.
Unit: RMB Yuan
Item Jul.-Sept. 2012 Jul.-Sept. 2011
I. Total operating revenues 260,092,023.21 242,120,819.58
Including: Sales income 260,092,023.21 242,120,819.58
Interest income
Premium income
Handling charge and commission
income
II. Total operating cost 229,692,873.52 211,653,234.88
Including: Cost of sales 198,307,415.26 159,563,211.24
Interest expenses
Handling charge and commission
expenses
Surrenders
Net claims paid
Net amount withdrawn for the
insurance contract reserve
Expenditure on policy dividends
Reinsurance premium
Taxes and associate charges 13,766,085.08 35,790,611.07
Selling and distribution expenses 2,686,916.96 2,552,854.55
Administrative expenses 13,902,482.50 14,791,327.12
Financial expenses 1,029,973.72 -1,044,769.10
Asset impairment loss
Add: Gain/(loss) from change in fair value
0.00 -5,485.30
(“-” means loss)
Gain/(loss) from investment (“-”
0.00 30,596.18
means loss)
Including: share of profits in
associates and joint ventures
Foreign exchange gains (“-” means
loss)
III. Business profit (“-” means loss) 30,399,149.69 30,492,695.58
Add: non-operating income 13,330.50 45,620.60
Less: non-operating expense 116,923.10 6,508.90
Including: loss from non-current 12,306.83 38,244.79
10
asset disposal
IV. Total profit (“-” means loss) 30,295,557.09 30,531,807.28
Less: Income tax expense 6,921,279.56 8,085,616.39
V. Net profit (“-” means loss) 23,374,277.53 22,446,190.89
Including: Net profit achieved by
0.00 0.00
combined parties before the combinations
Attributable to owners of the
23,328,496.44 22,396,801.90
Company
Minority shareholders’ income 45,781.09 49,388.99
VI. Earnings per share -- --
(I) Basic earnings per share 0.02 0.0221
(II) Diluted earnings per share 0.02 0.0221
VII. Other comprehensive incomes -230,313.25 1,494,654.45
VIII. Total comprehensive incomes 23,143,964.28 23,940,845.34
Attributable to owners of the
23,159,028.66 23,421,386.10
Company
Attributable to minority shareholders -15,064.38 519,459.24
Where business mergers under the same control occurred in this reporting period, the net profit achieved by the merged parties before
the business mergers was RMB 0.
Legal representative: Zhou Jianguo Person-in-charge of the accounting work: Wei Hanping
Chief of the accounting division: Tang Xiaoping
4. Income statement of the Company for the reporting period
Prepared by: Shenzhen Special Economic Zone Real & Properties (Group) Co., Ltd.
Unit: RMB Yuan
Item Jul.-Sept. 2012 Jul.-Sept. 2011
I. Total sales 17,438,099.54 13,207,661.04
Less: cost of sales 5,676,010.54 6,411,718.51
Business taxes and surcharges 2,832,560.68 2,578,112.02
Distribution expenses 1,407,623.71 99,776.46
Administrative expenses 6,442,126.39 6,512,902.70
Financial costs -701,658.21 -1,508,327.07
Impairment loss
Add: gain/(loss) from change in fair
0.00 -5,485.30
value (“-” means loss)
Gain/(loss) from investment (“-”
0.00 5,383.40
means loss)
Including: income form investment
on associates and joint ventures
II. Business profit (“-” means loss) 1,781,436.43 -886,623.48
Add: non-business income 0.00
Less: non-business expense 15,000.00 2,000.00
Including: loss from non-current
asset disposal
III. Total profit (“-” means loss) 1,766,436.43 -888,623.48
Less: income tax expense
IV. Net profit (“-” means loss) 1,766,436.43 -888,623.48
V. Earnings per share -- --
11
(I) Basic earnings per share
(II) Diluted earnings per share
VI. Other comprehensive income
VII. Total comprehensive income 1,766,436.43 -888,623.48
Legal representative: Zhou Jianguo Person-in-charge of the accounting work: Wei Hanping
Chief of the accounting division: Tang Xiaoping
5. Consolidated income statement from 1 Jan. 2012 to 30 Sept. 2012
Prepared by: Shenzhen Special Economic Zone Real & Properties (Group) Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2012 Jan.-Sept. 2011
I. Total operating revenues 707,456,226.28 796,040,623.55
Including: Sales income 707,456,226.28 796,040,623.55
Interest income
Premium income
Handling charge and commission
income
II. Total operating cost
Including: Cost of sales 508,790,024.38 541,262,724.67
Interest expenses
Handling charge and commission
expenses
Surrenders
Net claims paid
Net amount withdrawn for the
insurance contract reserve
Expenditure on policy dividends
Reinsurance premium
Taxes and associate charges 58,482,168.79 85,109,084.35
Selling and distribution expenses 8,943,293.19 6,776,433.17
Administrative expenses 43,165,905.68 45,968,506.87
Financial expenses 4,449,829.73 4,665,784.98
Asset impairment loss
Add: Gain/(loss) from change in fair
0.00 19,993.75
value (“-” means loss)
Gain/(loss) from investment (“-”
50,000.00 91,195.41
means loss)
Including: share of profits in
associates and joint ventures
Foreign exchange gains (“-” means
loss)
III. Business profit (“-” means loss) 83,675,004.51 112,369,278.67
Add: non-operating income 76,292.34 1,183,641.61
Less: non-operating expense 165,481.37 190,122.49
Including: loss from non-current
21,482.63 38,244.79
asset disposal
IV. Total profit (“-” means loss) 83,585,815.48 113,362,797.79
Less: Income tax expense 20,103,622.75 26,634,173.30
12
V. Net profit (“-” means loss) 63,482,192.73 86,728,624.49
Including: Net profit achieved by
0.00 0.00
combined parties before the combinations
Attributable to owners of the Company 63,412,594.53 86,697,661.76
Minority shareholders’ income 69,598.20 30,962.73
VI. Earnings per share -- --
(I) Basic earnings per share 0.0627 0.0857
(II) Diluted earnings per share 0.0627 0.0857
VII. Other comprehensive incomes -306,532.84 3,437,912.05
VIII. Total comprehensive incomes 63,175,659.89 90,166,536.54
Attributable to owners of the
63,198,021.54 89,082,526.28
Company
Attributable to minority shareholders -22,361.65 1,084,010.26
Where business mergers under the same control occurred from 1 Jan. 2012 to 30 Sept. 2012, the net profit achieved by the merged
parties before the business mergers was RMB 0.
Legal representative: Zhou Jianguo Person-in-charge of the accounting work: Wei Hanping
Chief of the accounting division: Tang Xiaoping
6. Income statement of the Company from 1 Jan. 2012 to 30 Sept. 2012
Prepared by: Shenzhen Special Economic Zone Real & Properties (Group) Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2012 Jan.-Sept. 2011
I. Total sales 52,617,000.78 69,381,098.13
Less: cost of sales 18,749,040.41 31,881,465.03
Business taxes and surcharges 8,340,361.92 11,878,802.00
Distribution expenses 3,591,038.63 299,784.94
Administrative expenses 20,034,755.36 19,972,067.63
Financial costs -2,066,680.05 2,641,559.92
Impairment loss
Add: gain/(loss) from change in fair
0.00 19,993.75
value (“-” means loss)
Gain/(loss) from investment (“-”
0.00 -34,017.37
means loss)
Including: income form investment
on associates and joint ventures
II. Business profit (“-” means loss) 3,968,484.51 2,693,394.99
Add: non-business income 30,231.00 995,716.90
Less: non-business expense 15,000.00 30,910.00
Including: loss from non-current
asset disposal
III. Total profit (“-” means loss) 3,983,715.51 3,658,201.89
Less: income tax expense
IV. Net profit (“-” means loss) 3,983,715.51 3,658,201.89
V. Earnings per share -- --
(I) Basic earnings per share
(II) Diluted earnings per share
VI. Other comprehensive income
VII. Total comprehensive income 3,983,715.51 3,658,201.89
13
Legal representative: Zhou Jianguo Person-in-charge of the accounting work: Wei Hanping
Chief of the accounting division: Tang Xiaoping
7. Consolidated cash flow statement from 1 Jan. 2012 to 30 Sept. 2012
Prepared by: Shenzhen Special Economic Zone Real & Properties (Group) Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2012 Jan.-Sept. 2011
I. Cash flows from operating activities:
Cash received from sale of commodities
654,720,138.94 800,275,647.46
and rendering of service
Net increase of deposits from customers
and dues from banks
Net increase of loans from the central
bank
Net increase of funds borrowed from
other financial institutions
Cash received from premium of original
insurance contracts
Net cash received from reinsurance
business
Net increase of deposits of policy
holders and investment fund
Net increase of disposal of tradable
financial assets
Cash received from interest, handling
charges and commissions
Net increase of intra-group borrowings
Net increase of funds in repurchase
business
Tax refunds received
Other cash received relating to operating
61,616,695.25 54,674,542.89
activities
Subtotal of cash inflows from operating
716,336,834.19 854,950,190.35
activities
Cash paid for goods and services 662,848,364.31 488,929,051.18
Net increase of customer lendings and
advances
Net increase of funds deposited in the
central bank and amount due from banks
Cash for paying claims of the original
insurance contracts
Cash for paying interest, handling
charges and commissions
Cash for paying policy dividends
Cash paid to and for employees 79,966,576.87 90,372,640.81
Various taxes paid 88,014,987.65 89,254,865.36
Other cash payment relating to operating
80,441,069.28 102,176,073.92
activities
Subtotal of cash outflows from operating
911,270,998.11 770,732,631.27
activities
Net cash flows from operating activities -194,934,163.92 84,217,559.08
II. Cash flows from investing activities:
14
Cash received from withdrawal of
investments
Cash received from return on
0.00 175,000.00
investments
Net cash received from disposal of fixed
assets, intangible assets and other 16,500.00 46,960.00
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to investing
activities
Subtotal of cash inflows from investing
16,500.00 221,960.00
activities
Cash paid to acquire fixed assets,
4,163,753.00 4,427,565.95
intangible assets and other long-term assets
Cash paid for investment
Net increase of pledged loans
Net cash paid to acquire subsidiaries and
other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from investing
4,163,753.00 4,427,565.95
activities
Net cash flows from investing activities -4,147,253.00 -4,205,605.95
III. Cash Flows from Financing Activities:
Cash received from capital contributions
Including: Cash received from minority
shareholder investments by subsidiaries
Cash received from borrowings 576,000,000.00 20,000,000.00
Cash received from issuance of bonds
Other cash received relating to financing
activities
Subtotal of cash inflows from financing
576,000,000.00 20,000,000.00
activities
Repayment of borrowings 301,272,355.34 95,320,066.50
Cash paid for interest expenses and
50,962,682.58 51,246,252.40
distribution of dividends or profit
Including: dividends or profit paid by
subsidiaries to minority shareholders
Other cash payments relating to
2,000,511.20
financing activities
Sub-total of cash outflows from financing
352,235,037.92 148,566,830.10
activities
Net cash flows from financing activities 223,764,962.08 -128,566,830.10
IV. Effect of foreign exchange rate
357,399.55 -1,665,865.53
changes on cash and cash equivalents
V. Net increase in cash and cash
25,040,944.71 -50,220,742.50
equivalents
Add: Opening balance of cash and cash
324,967,185.86 379,720,636.21
equivalents
VI. Closing balance of cash and cash
350,008,130.57 329,499,893.71
equivalents
15
Legal representative: Zhou Jianguo Person-in-charge of the accounting work: Wei Hanping
Chief of the accounting division: Tang Xiaoping
8. Cash flow statement of the Company from 1 Jan. 2012 to 30 Sept. 2012
Prepared by: Shenzhen Special Economic Zone Real & Properties (Group) Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2012 Jan.-Sept. 2011
I. Cash flows from operating activities:
Cash received from sale of commodities
48,007,162.14 78,831,144.03
and rendering of service
Tax refunds received
Other cash received relating to operating
305,701,687.85 123,249,787.25
activities
Subtotal of cash inflows from operating
353,708,849.99 202,080,931.28
activities
Cash paid for goods and services 215,887,260.25 65,684,509.66
Cash paid to and for employees 24,035,928.18 28,498,782.65
Various taxes paid 11,340,345.22 17,367,581.97
Other cash payment relating to operating
328,004,129.50 54,723,251.39
activities
Subtotal of cash outflows from operating
579,267,663.15 166,274,125.67
activities
Net cash flows from operating activities -225,558,813.16 35,806,805.61
II. Cash flows from investing activities:
Cash received from retraction of
investments
Cash received from return on
0.00 75,000.00
investments
Net cash received from disposal of fixed
assets, intangible assets and other
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
investing activities
Subtotal of cash inflows from investing
0.00 75,000.00
activities
Cash paid to acquire fixed assets,
448,597.00 766,849.77
intangible assets and other long-term assets
Cash paid for investment
Net cash paid to acquire subsidiaries and
other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from investing
448,597.00 766,849.77
activities
Net cash flows from investing activities -448,597.00 -691,849.77
III. Cash Flows from Financing Activities:
Cash received from capital
contributions
Cash received from borrowings
Cash received from issuance of bonds 450,000,000.00 0.00
16
Other cash received relating to
0.00 0.00
financing activities
Subtotal of cash inflows from financing
450,000,000.00 0.00
activities
Repayment of borrowings 141,272,355.34 20,520,066.50
Cash paid for interest expenses and
45,225,318.69 38,717,621.21
distribution of dividends or profit
Other cash payments relating to
0.00 2,000,511.20
financing activities
Sub-total of cash outflows from financing
186,497,674.03 61,238,198.91
activities
Net cash flows from financing activities 263,502,325.97 -61,238,198.91
IV. Effect of foreign exchange rate
-264.10 -616.01
changes on cash and cash equivalents
V. Net increase in cash and cash
37,494,651.71 -26,123,859.08
equivalents
Add: Opening balance of cash and
144,779,100.65 191,108,590.15
cash equivalents
VI. Closing balance of cash and cash
182,273,752.36 164,984,731.07
equivalents
Legal representative: Zhou Jianguo Person-in-charge of the accounting work: Wei Hanping
Chief of the accounting division: Tang Xiaoping
(II) Audit report
Auditor’s opinion
Summary of audit report
17
