Stock code: 200053 Abbreviation: Chiwan Base B Serial number: 2016-103
SHENZHEN CHIWAN PETROLEUM SUPPLY BASE CO., LTD.
THE ABSTRACT OF INTERIM REPORT FOR YEAR 2016
I. Important Notice
1. This abstract of interim report is extracted from the full text of interim report for year 2016 which is
published on www.cninfo.com.cn or website of Shenzhen Stock Exchange designated by CSRC
simultaneously. Investors shall read the full text carefully for the details.
2. Company Profile
Share Abbreviation Chiwan Base B Share Code 200053
Stock Exchange Shenzhen Stock Exchange
Contact Person Board Secretary Securities Representative
Name Yu Zhongxia (on behalf ) Li Zizheng
Telephone 0755-26694211 0755-26694211
Fax 0755-26694227 0755-26694227
Email sa@chiwanbase.com sa@chiwanbase.com
II. Major Financial Data and Change of Shareholders
1. Major Financial Data
Retroactive Adjustment
□ Yes √ No
Unit: RMB
Reporting period (Jan to Last Period (Jan to June,
Change (%)
June, 2016) 2015)
Operating Revenue 331,048,288.65 307,119,072.68 7.79%
Net Profit Attributed to
20,104,453.49 42,629,933.48 -52.84%
Shareholders of Listed Company
Net Profit Net of Non-recurring
Gain and Loss Attributed to Listed 19,162,343.58 39,523,619.59 -51.52%
Company
Net Cash Flows from Operating
151,110,099.80 123,934,017.49 21.93%
Activities
Basic Earnings per Share
0.09 0.18 -50.00%
(RMB/Share)
Diluted Earnings per Share
N/A N/A N/A
(RMB/Share)
Weighted Return on Equity（%） 1.14% 2.49% -1.35 points
June 30, 2016 December 31, 2015 Change (%)
Total Assets 6,422,091,617.87 5,643,956,639.17 13.79%
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Owner’s Equity Attributed to
1,774,640,491.45 1,754,085,176.85 1.17%
Shareholders of Listed Company
2. Particulars about Top Ten Common Shareholders
Unit: Share
Total common shareholders in reporting
6,971
period
Particulars about Top Ten Common Shareholders
Impawned or Frozen
Total shares Non-tradable Shares
Name Nature Ratio（%）
held shares
Status Shares
CHINA NANSHAN DEVELOPMENT Domestic
51.79% 119,420,000 119,420,000 - 0
(GROUP) INCORPORATION Legal Person
Foreign Legal
China Logistics Holding (12) PTE.LTD. 19.90% 45,890,000 0 - unknown
Person
CHINA MECHANTS SECURITIES State-owned
1.61% 3,717,134 0 - unknown
(HONGKONG) LTD Legal Person
CREDIT SUISSE (HONG KONG) Foreign Legal
1.15% 2,653,799 0 - unknown
LIMITED Person
GUOTAI JUNAN Foreign Legal
0.93% 2,133,542 0 - unknown
SECURITIES(HONGKONG) LIMITED Person
GREENWOODS CHINA ALPHA Foreign Legal
0.43% 984,693 0 - unknown
MASTER FUND Person
Domestic
LI WEI 0.28% 636,000 0 - unknown
Natural Person
Domestic
SHA SHU LI 0.21% 480,611 0 - unknown
Natural Person
Foreign
YU LING FENG 0.20% 458,083 0 - unknown
Natural Person
Domestic
PAN BO 0.18% 420,300 0 - unknown
Natural Person
Among the top ten shareholders, the domestic legal entity shareholder,
China Nanshan Development (Group) Incorporation has no affiliated
relations with other shareholders and does not fall into the scope of
Explanation for the Affiliated Relations or United Action
united action person stipulated by “Regulation of Information
of the Top Ten Shareholders
Disclosure of the Change of Shareholding of listed company”. It is
unknown that whether other tradable-share shareholders fall into the
scope of united action person.
Remarks on Shareholders Involved in Securities Margin
N/A
Trading
3. Particulars about Top Ten Preferred Shareholders
□ Applicable √ Inapplicable
4. Changes of Controlling Shareholder or Actual Controller
Changes of Controlling Shareholder in the Reporting Period
□ Applicable √ Inapplicable
Changes of Actual Controller in the Reporting Period
□ Applicable √ Inapplicable
III. Business Discussion and Analysis
In reporting period, the Company achieved operating revenue of RMB 330 million, increased by 7.79% and net
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profit of RMB 20.10 million, decreased by 52.84% compared with the same period over last year respectively.
(1)Decrease of investment income is caused by decline of profit from associated CSE and investment income
from entrusted financing, which is mainly due to the decrease of available financing funds along with the increase
of project construction payment.
(2) Developing costs for newly projects increased by increase of newly built and in construction logistics parks.
(3) Financial expense increased sharply by rising interest expense for average balance of liabilities.
1. Changes of Major Financial Data
Unit: RMB
Reporting period Last Period (Jan to Percentage
Notes
(Jan to June, 2016) June, 2015) Change (%)
Operating Revenue 331,048,288.65 307,119,072.68 7.79%
Operating Cost 143,269,502.63 140,446,455.32 2.01%
Mainly resulted from
increasing agent fee for
Selling Expenses 917,022.63 267,618.01 242.66%
newly operated logistics
parks
Resulted from rising
labor costs and
Administrative Expenses 55,345,349.17 42,341,999.23 30.71%
amortization of
depreciation
Financial Expenses 86,362,478.62 78,223,257.17 10.41%
Income Taxes Expenses 12,085,315.99 13,532,146.18 -10.69%
Net Cash Flows from
151,110,099.80 123,934,017.49 21.93%
Operating Activities
Mainly due to increasing
Net Cash Flows from cash outflow brought by
-541,664,948.09 -164,588,975.62
Investing Activities developing newly
projects
Mainly resulted from
receipt of internal equity
Net Cash Flows from investment and loans
717,032,189.77 35,713,148.41 1,907.75%
Financing Activities from China Nanshan
Development (Group)
Incorporation
Net Increase in Cash and
326,477,341.48 -4,907,450.47
Cash Equivalents
No major changes on profit composition or profit resources occurred in reporting period
No future development or planning extended to reporting period that published in disclosure documents as
prospectus, private placing memorandum and recapitalize statement.
2. Main Business Composition
Unit: RMB
Change of
Change of Change of
Operating
Operating Cost Gross Profit
Operating Gross Profit Revenue over
Operating Cost over the Same Rate over the
Revenue Rate (%) the Same
Period of Last Same Period of
Period of Last
Year（%） Last Year（%）
Year（%）
By Industries
Warehouse and 272,125,816.56 101,419,318.86 62.73% 10.02% 6.83% 1.11%
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Storage
Loading and
Unloading 15,980,239.56 17,277,315.12 -8.12% -15.43% 9.21% -24.40%
Services
Harbor
6,713,077.34 2,844,590.28 57.63% 8.61% -59.22% 70.48%
Management
Office Leasing
36,174,864.71 21,728,278.37 39.94% 4.34% -4.34% 5.45%
&other
By Regions
South China 105,948,471.71 61,648,343.20 41.81% -3.49% -14.16% 7.23%
East China 122,406,525.60 38,074,257.89 68.90% 3.30% 6.94% -1.06%
North China 42,380,843.48 13,356,234.64 68.49% 2.44% -4.88% 2.43%
Southwest
44,997,418.34 22,970,443.81 48.95% 20.17% 21.01% -0.35%
China
Central China 15,260,739.04 7,220,223.09 52.69% -
3. Business Performance and Analysis of Main Subsidiaries and Associated Companies
3.1 Offshore Oil Logistics Business
In reporting period, international oil companies adjusted their exploration plan under the circumstance of the
continued downturn of oil price, which caused demand shrink for offshore oil logistics business. Meanwhile, since
CNOOC Huizhou Base put into operation, its subsidiaries moved from Chiwan Base to Huizhou Base, which
formed serious challenges for the Company. In reporting period, offshore oil logistics business achieved operating
revenue of RMB 68.84 million, decreasing by 12.89% and net profit of RMB 13.00 million, increasing by 17.38%
compared with the same period over last year respectively.
3.2 Blogis Business
In reporting period, Blogis Holding achieved operating revenue of RMB 254.04 million, increased by 15.73% and
net profit of RMB 48.11 million, increased by 10.67% compared with the same period over last year respectively.
Blogis companies have operated in good condition generally.
The storage price of operating Blogis companies has kept a slightly growth. To improve customers’ stickiness and
loyalty, Blogis has taken measures such as promoting establishment of standard operating system, strengthening
core customers’ management, optimizing the quality and efficiency of service, which would make fine preparation
for expanding extended business.
With operation of Nanjing Baowan and Wuhan Baowan, those newly operated logistics parks made significant
contribution to the Company in the first half year.
Blogis Development for the First Half of 2016
In reporting period, the Company has successfully signed transfer contracts of state owned lands for Jiaxing,
Shaoxing, Xitong, etc, covering land area of 1,430 Mu. And Yuyao, Wuhan Qingshan and Chongqing Luohuang
projects have signed investment agreements with local governments covering land area of 1,173 Mu.
3.3 Associated Companies
Shenzhen Chiwan Sembawang Engineering Co., Ltd (CSE): The Company holds 32% equity of CSE. CSE has
contributed an investment income of RMB 10.93 million to the Company, decreased by 62% compared with the
same period of last year.
Shenzhen Chiwan Offshore Petroleum Equipment Repair & Manufacture Co., Ltd. (CPEC): The Company holds
20% equity of CPEC. The investment income from CPEC has declined to RMB -1.17 million in reporting period.
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China Development Finance Company Limited: The Company holds 20% equity. It contributed investment
income of RMB4.00 million to the Company and an increase of 43% compared with same period of last year.
4. Project in Construction Progress
Tianjin Bingang Baowan: The project plans to construct two warehouses and is expected to be finished in the first
half of 2017.
Wuxi Baowan: The construction of five warehouses and one multiple-used building has completed in March,
2016.
Zhenjiang Baowan: The construction of main body of nine warehouses and one multiple-used building has
completed.
Jiaxing Baowan: The construction of two warehouses and one multiple-used building is expected to complete at
the beginning of 2017.
Qingdao Jiaozhou Baowan: The construction of eight warehouses and one multiple-used building is expected to
complete in the first half year of 2017.
Chengdu Oil and Gas Base: The construction of one workshop and storage yard is expected to complete at the end
of 2016.
IV. Related Issues about Financial Report
1. Changes in Accounting Policy, Accounting Estimation and Way of Accounting in Comparison with the
Latest Annual Report
Inapplicable
2. Retrospective Restatement Necessary for Correction of Significant Accounting Errors during the
Reporting Period
Inapplicable
3. Changes in Range of the Consolidated Statements in Comparison with the Financial Report of the
Previous Year
Newly-obtained Beijing Jinmu Caoye Co., Ltd. has been brought into the consolidated statements in reporting
period.
4. Notes of the Board of Directions and Supervisory Committee on the Unqualified Auditor’s Report Issued
by the CPAs in Reporting Period
Inapplicable
Board of Directors
Shenzhen Chiwan Petroleum Supply Base Co., Ltd.
August 31, 2016
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