SHENZHEN CHIWAN PETROLEUM SUPPLY BASE CO., LTD.
FULL TEXT OF THIRD QUARTERLY REPORT OF 2016
Part I Important Notice
The Board of Directors, the Board of Supervisors, directors, supervisors and senior management guarantee that
there are no omissions, misstatement, or misleading information in this quarterly report. The directors, supervisors
and senior management are responsible, individually and jointly, for the authenticity, accuracy and integrity of the
information herein.
All directors attended the board meeting.
Mr. Tian Junyan, Chairman of the Board, Mdm. Yu Zhongxia, Deputy General Manager &Financial Controller
and Mdm. Sun Yuhui, Financial Manager, all guarantee the authenticity and integrity of the financial result in this
report.
The report is written in both Chinese and English. In case of conflict between the two versions, Chinese version
shall prevail.
1
PART II Major Accounting Data and Change of Shareholders
I. Major Accounting Data
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed
and accounting error correction or not
□ Yes √ No
September 30, 2016 December 31, 2015 Change（%）
Total Assets(RMB) 7,043,959,300.58 5,643,956,639.17 24.81%
Owners Equity Attributed to
1,779,241,129.84 1,754,085,176.85 1.43%
Shareholders of Listed Company(RMB)
July to September, January to
Change（%） Change（%）
2016 September, 2016
Operating Revenue(RMB) 169,557,114.04 -0.61% 500,605,402.69 4.79%
Net Profit Attributed to Shareholders of
4,324,601.47 -84.65% 24,429,054.96 -65.49%
Listed Company (RMB)
Net Profit after Deducting Non-recurring
3,993,410.82 -85.66% 23,155,754.42 -65.63%
Gains& Losses(RMB)
Net Cash Flows from Operating
-- -- 247,963,374.78 6.90%
Activities(RMB)
Basic Earnings per Share (RMB/Share) 0.02 -83.33% 0.11 -64.52%
Diluted Earnings per Share (RMB/Share) Inapplicable Inapplicable Inapplicable Inapplicable
Weighted Average Return on Equity（%） 0.24% -1.38% 1.38% -2.63%
Items of Non-recurring Gains and Losses
√ Applicable □Inapplicable
Unit: RMB
January to September,
Item Notes
2016
Disposal of non-current assets, including the part offset
-1,274,204.03
with the provision for impairment of assets
Government grants recognized in current years profit or
loss (except for the fixed or quantitative government
2,665,491.92
grants closely related to the enterprise businesses
according to the national unified standard)
Mainly due to land use tax
Other non-operating revenue and expenditure excluding paid in 2015 by Qingdao
1,299,941.91
the above-mentioned items Jiaozhou Baowan obtaining
approval of tax exemption
Less: Influence on income tax 683,939.69
Influence on minority interest (after tax) 733,989.57
Total 1,273,300.54 --
For the Companys non-recurring gain/loss items as defined in the Explanatory Announcement No. 1 on
Information Disclosure for Companies Offering their Securities to the Public – Non-recurring Gains and Losses
and its non-recurring gain/loss items as illustrated in the Explanatory Announcement No. 1 on Information
Disclosure for Companies Offering their Securities to the Public – Non-recurring Gains and Losses which have
been defined as recurring gains and losses, it is necessary to explain the reason.
□ Applicable √ Inapplicable
2
II. Number of Shareholders and Shares Held by Top Ten Shareholders
1. Total Numbers of Common Shareholders and Preferred Shareholders with Resumed Voting Rights and
Particulars about Top Ten Shareholders at Period-end
Total Number of Preferred
Total Common Shareholders at Shareholders with Resumed
5,967 0
Period-end Voting Rights at Period-end
(if any)
Particulars about Top Ten Common Shareholders
Impawned or Frozen
Ratio Total shares Non-tradable shares
Name Nature Shares
（%） held held
Status Amount
CHINA NANSHAN DEVELOPMENT Domestic Legal
51.79% 119,420,000 119,420,000 - 0
(GROUP) INCORPORATION Person
Foreign Legal unknown
China Logistics Holding(12) PTE.LTD. 19.90% 45,890,000 0 -
Person
CHINA MECHANTS SECURITIES State-owned Legal
1.78% 4,095,154 0 - unknown
(HONGKONG) LTD Person
GUOTAI JUNAN unknown
Foreign Legal
SECURITIES(HONGKONG) 1.74% 4,004,361 0 -
Person
LIMITED
Shenwan Hongyuan Securities (H.K.) Foreign Legal unknown
0.80% 1,849,709 0 -
Limited Person
Domestic Natural unknown
YU ZHIXIANG 0.54% 1,243,500 0 -
Person
Domestic Natural unknown
HUANG YINGBIN 0.52% 1,200,478 0 -
Person
GREENWOODS CHINA ALPHA Foreign Legal unknown
0.43% 984,693 0 -
MASTER FUND Person
Haitong International Securities Foreign Legal unknown
0.37% 859,966 0 -
Company Limited-Account Client Person
Domestic Natural
LI WEI 0.28% 636,000 0 - unknown
Person
Top Ten Tradable Shareholders
Type
Name Shares Held
Type Amount
China Logistics Holding(12) PTE.LTD. 45,890,000 B 45,890,000
CHINA MECHANTS SECURITIES (HONGKONG)
4,095,154 B 4,095,154
LTD
GUOTAI JUNAN SECURITIES(HONGKONG)
4,004,361 B 4,004,361
LIMITED
Shenwan Hongyuan Securities (H.K.) Limited 1,849,709 B 1,849,709
YU ZHIXIANG 1,243,500 B 1,243,500
HUANG YINGBIN 1,200,478 B 1,200,478
GREENWOODS CHINA ALPHA MASTER FUND 984,693 B 984,693
Haitong International Securities Company
859,966 B 859,966
Limited-Account Client
LI WEI 636,000 B 636,000
SHA SHULI 528,011 B 528,011
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
Statement on Associated Relationship or Consistent
united action person stipulated by “Regulation of Information Disclosure
Action among the Above Shareholders
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
Whether shareholders appointed repurchase transaction during reporting period
□ Yes √ No
2. Preferred Shares
□ Applicable √ Inapplicable
Part III Significant Events
I. Explanations on Significant Changes for Main Accounting Data and Financial Indicators.
√ Applicable □Inapplicable
Unit: RMB
1st-3rd Quarter of 1st-3rd Quarter of
2016 2015 Change
No. Item Note
30-Sep-2016 31-Dec-2015 (%)
1 Cash and bank balances 448,589,380.96 321,121,926.73 39.69% Mainly due to loan increasing
Mainly due to prepayment on
underwriting fees for medium term
2 Prepayments 1,280,037.17 435,877.51 193.67%
notes and land rents in advance for
Nanshan Group
Mainly due to the reduction in financial
3 Interest receivable 256,008.54 1,138,739.73 -77.52% revenue caused by decreased financial
products
Mainly due to redemption of bank
4 Other current liabilities 235,000,000.00 -
financial products
Mainly due to increasing payments for
5 Construction in progress 708,580,033.73 368,965,477.50 92.05% new projects construction according to
the process
6 Disposal of fixed assets 50,376.46 - Mainly due to disposal of fixed assets
7 Intangible assets 1,998,647,388.27 1,450,042,826.68 37.83% Mainly due to increasing land use right
Mainly due to increased provision for
8 Deferred tax assets 46,675,960.39 28,877,355.41 61.64% deferred income tax assets by parent
company
Mainly due to increased land
9 Other non-current assets 924,213,127.40 277,619,704.84 232.91%
prepayment for new projects
10 Short-term borrowings 700,000,000.00 300,000,000.00 133.33% Mainly due to bank loans increasing
Mainly due to land rents payable
11 Accounts payable 9,274,323.72 13,502,745.52 -31.32%
payoff from offshore oil service sector
Mainly due to receipts in advance for
12 Receipts in advance 10,332,903.02 4,294,109.24 140.63%
warehouse rents and service
13 Interest payable 81,888,669.47 28,404,479.52 188.29% Mainly due to increased loan balance
Mainly due to reclassification report
Non-current liabilities due
14 1,056,607,978.40 707,396,728.40 49.37% for 400 million medium-term notes due
within one year
within one year
Mainly due to increased borrowings
15 Other current liabilities 360,000,000.00 6,000,000.00 5900.00%
from Nanshan Group
Mainly due to increased borrowings
16 Long-term borrowings 896,083,000.45 489,834,250.45 82.94%
from Zhongkai Financial Company
Mainly due to reclassification report
17 Bonds payable 568,271,000.00 967,159,500.00 -41.24% for 400 million medium-term notes due
within one year
Mainly due to repayment of
18 Long-term payables 251,417,853.31 -
borrowings from Nanshan Group
Mainly due to increased registered
19 Minority interests 830,653,923.88 317,006,332.01 162.03%
capital for Blogis by Nanshan Group
20 Selling expenses 933,957.61 1,559,819.54 -40.12% Mainly due to decreased agent fees
Mainly due to increased labor costs ,
General and land use taxes and amortization of
21 91,117,899.48 64,087,532.68 42.18%
administrative expenses depreciation resulted from increasing
new logistics parks
4
Impairment losses of
22 43,576.49 - Mainly due to provision for bad debts
assets
Mainly due to decreased investment
23 Investment income 23,106,021.85 55,977,136.77 -58.72% income from associate (Chiwan
Sembawang)
Mainly due to carrying forward the
24 Non-operating expenses 2,200,471.00 306,507.99 617.92% residual loss from scrapping elevators
of Chiwan Petroleum Building
Mainly due to receipts of land refund
25 Refund of tax and levies 989,803.75 352,345.09 180.92%
for last year
Other cash receipts
Mainly due to increased return of
26 relating to operating 33,213,230.32 23,793,386.97 39.59%
contract bonds and deposits
activities
Net cash receipts from
disposal of fixed assets,
27 84,062.00 51,898.00 61.98% Mainly due to disposal of fixed assts
intangible assets and other
long-term assets
Other cash payments
Mainly due to decreased available
28 relating to operating 282,669,400.00 1,101,075,486.51 -74.33%
funds for financial products
activities
Cash payments to acquire
Mainly due to increased land and
or construct fixed assets,
29 1,378,769,375.08 368,213,505.53 274.45% construction payments resulting from
intangible assets and other
logistic parks development
long-term assets
Net cash outflows of
procurement of Mainly due to the acquisition of
30 254,466,925.21 -
subsidiaries and other Beijing Jinmu Company
business units
Other cash payments
Mainly due to decreased available
31 relating to investing 54,229,624.80 1,076,000,000.00 -94.96%
funds for financial products
activities
Mainly due to receipt of Blogis
Cash receipts from capital
32 498,080,000.00 0.00% registered capital expansion from
contributions
Nanshan Group
Cash receipts from
33 1,014,570,000.00 401,884,214.59 152.45% Mainly due to increased bank loans
borrowings
Other cash receipts
Mainly due to newly borrowings from
34 relating to financing 764,000,000.00 -
Nanshan Group
activities
Cash repayments of Mainly due to repayment of short term
35 209,110,000.00 2,752,000.00 7498.47%
borrowings bank loans
II. Significant Event and its Impact, and analysis and explanation of their solutions
√ Applicable □ Inapplicable
The1st Session of 8th Board of Directors and 3rd Extraordinary Shareholders’General Meeting of 2016 of the
Company have reviewed and approved the proposal on Shenzhen New Nanshan Holdings (Group)( hereinafter
referred to as “Nanshan Holdings”) issuing A share to absorb and merge Chiwan Base with raising funds.
Chiwan Base would be terminated the listing position and cancelled legal personality, meanwhile Nanshan
Holdings would inherit and undertake all of the assets, liabilities, business, personnel, contracts and all other
rights and obligations from the Company (Chiwan Base) if such transaction is successfully approved and
completed.
The above mentioned transaction plan has been approved by Shenzhen Stock Exchange, State-owned Assets
Supervision and Administration Commission and the Ministry of Commerce. Meanwhile the Company has
already gained the Acceptance Notice on Application Documents issued by China Securities Regulatory
Commission (CSRC).
Due to some uncertain policies for this matter to be clear and implement, according to the prudent decision by the
Board of Directors, the Company and Nanshan Holdings have put forward application on suspending
administrative review the above mentioned significant assets reconstructing plan, and received administrative
notice for suspending approval issued by CSRC. The Company would restart to apply for administrative license in
a timely manner. This suspension would not result in significant adverse impact.
5
Introduction Disclosure Date Disclosure Index
Draft on Shenzhen New Nanshan Holdings (Group) issuing A
2016.07.02 www.cninfo.com.cn
share to absorb and merge Chiwan Base with raising funds
Approval b y State-owned assets supervision and administration
commission on Shenzhen New Nanshan Holdings (Group) www.cninfo.com.cn
2016.08.02
issuing A share to absorb and merge Chiwan Base with raising Announcement No.2016-80
funds
Resolution announcement for3rd Extraordinary Shareholders' www.cninfo.com.cn
2016.08.05
General Meeting in 2016 Announcement No. 2016-84
Approval by the Ministry of Commerce for significant assets for www.cninfo.com.cn
2016.08.30
reconstructing plan Announcement No. 2016-101
Acceptance Notice issued by China Securities Regulatory www.cninfo.com.cn
2016.09.01
Commission for significant assets reconstructing plan Announcement No. 2016-111
www.cninfo.com.cn
Suspending approval of significant assets reconstructing plan 2016.10.10
Announcement No. 2016-122
Receipt of administrative notice for suspending approval issued www.cninfo.com.cn
2016.10.18
by CSRC Announcement No. 2016-127
III. Fulfillment of Commitment by Shareholders with More than 5% Shares
√ Applicable □Inapplicable
Commitments Promisee Type Content Beginning Deadline Status
Nanshan other
to land use 1997-8-1 25 Years On duty
Group
other to resolve payment difficulties if it
Nanshan
happens to Zhongkai Financial 2014-1-6 3 Years On duty
Group
Company
other to provide regular monthly Long
Other The
financial reports to the controlling 2007-10-25 term On duty
Commitments Company
shareholder effective
commitment
The About the issue of "medium-term
to the use of 2012-3-7 5 Years On duty
Company notes for 2012" Commitment
raised funds
The other About the issue of "12 base debt"
2013-1-9 7 Years On duty
Company commitment
Fulfill
Commitments Yes
timely
IV. Prediction of Business Performance for Year 2016
□Applicable √ Inapplicable
V. Security Investment
□Applicable √ Inapplicable
VI. Derivatives Investment
□Applicable √ Inapplicable
VII. Reception of Investors and Medias
√ Applicable □ Inapplicable
Time Method Type of Visitors Disclosure Index
2016.7.13 Field Institute www.cninfo.com.cn (Investment Activity Record No.2016-03)
2016.7.29 Field Institute www.cninfo.com.cn (Investment Activity Record No.2016-04)
6
VIII. Illegal Guarantee
□Applicable √ Inapplicable
IX. Non-operation Oriented Fund Occupancy by the Controlling Shareholder and/or Related Parties
□Applicable √ Inapplicable
7
Part Ⅳ Financial Statements
I. Financial Statements
1. Balance Sheet
Consolidated Currency: RMB
Items Ending Balance Beginning Balance
Current Assets:
Cash and bank balances 448,589,380.96 321,121,926.73
Notes receivable -0.00 -
Accounts receivable 58,156,609.46 50,257,814.22
Prepayments 1,280,037.17 435,877.51
Interest receivable 256,008.54 1,138,739.73
Dividends receivable -
Other receivables 67,063,312.01 58,666,231.60
Inventories 864,404.83 914,543.44
Other current assets 235,000,000.00
Total Current Assets 576,209,752.97 667,535,133.23
Non-current Assets: -
Long-term equity investments 591,514,306.50 582,600,360.74
Investment properties 1,394,084,572.30 1,425,593,724.71
Fixed assets 803,983,782.56 842,722,056.06
Construction in progress 708,580,033.73 368,965,477.50
Disposal of fixed assets 50,376.46 -
Intangible assets 1,998,647,388.27 1,450,042,826.68
Deferred tax assets 46,675,960.39 28,877,355.41
Other non-current assets 924,213,127.40 277,619,704.84
Total Non-current Assets 6,467,749,547.61 4,976,421,505.94
TOTAL ASSETS 7,043,959,300.58 5,643,956,639.17
Current Liabilities: -
Short-term borrowings 700,000,000.00 300,000,000.00
Accounts payable 9,274,323.72 13,502,745.52
Receipts in advance 10,332,903.02 4,294,109.24
Employee benefits payable 21,056,050.97 26,233,258.02
Taxes payable 19,398,800.62 20,937,276.95
Interest payable 81,888,669.47 28,404,479.52
Other payables 435,783,877.93 480,066,219.49
Non-current liabilities due within one year 1,056,607,978.40 707,396,728.40
Other current liabilities 360,000,000.00 6,000,000.00
Total Current Liabilities 2,694,342,604.13 1,586,834,817.14
Non-current Liabilities: -
Long-term borrowings 896,083,000.45 489,834,250.45
Bonds payable 568,271,000.00 967,159,500.00
Long-term payables 251,417,853.31
Deferred income 50,425,115.23 51,251,151.07
Other non-current liabilities 224,942,527.05 226,367,558.34
Total Non-current Liabilities 1,739,721,642.73 1,986,030,313.17
TOTAL LIABILITIES 4,434,064,246.86 3,572,865,130.31
SHAREHOLDERS' EQUITY: -
Share capital 230,600,000.00 230,600,000.00
Capital reserve 234,141,186.09 234,141,186.09
Other comprehensive income 652,079.14 652,079.14
Special reserve 6,668,669.51 5,941,771.48
8
Surplus reserve 318,603,562.42 317,245,288.81
Unappropriated profits 988,575,632.68 965,504,851.33
Total shareholders' equity attributable to equity holders of the Company 1,779,241,129.84 1,754,085,176.85
Minority interests 830,653,923.88 317,006,332.01
TOTAL SHAREHOLDERS' EQUITY 2,609,895,053.72 2,071,091,508.86
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 7,043,959,300.58 5,643,956,639.17
Legal Representative: Tian Junyan Chief Financial Officer：Yu Zhongxia Financial Manager：Sun Yuhui
9
2.Balance Sheet
Parent Company Currency: RMB
Items Ending Balance Beginning Balance
Current Assets:
Cash and bank balances 26,581,928.20 28,808,779.96
Accounts receivable 29,865,706.65 22,290,192.64
Prepayments 535,403.75 174,357.15
Interest receivable 1,031,342.47
Dividends receivable -
Other receivables 455,876,062.55 1,519,389,018.64
Inventories 612,187.77 665,307.48
Other current assets 235,000,000.00
Total Current Assets 513,471,288.92 1,807,358,998.34
Non-current Assets: -
Long-term equity investments 3,224,526,630.78 1,486,226,120.45
Investment properties 117,100,714.31 121,605,608.97
Fixed assets 55,727,124.33 62,672,792.29
Construction in progress 3,251,683.00 2,600,283.00
Disposal of fixed assets -
Intangible assets 280,255,653.41 292,794,849.40
Deferred tax assets 25,882,234.91 9,635,782.89
Other non-current assets 255,366.60
Total non-current assets 3,706,744,040.74 1,975,790,803.60
TOTAL ASSETS 4,220,215,329.66 3,783,149,801.94
Current Liabilities: -
Short-term borrowings 650,000,000.00 300,000,000.00
Accounts payable 8,730,759.62 13,115,420.11
Employee benefits payable 10,617,096.39 17,261,742.30
Taxes payable 1,848,066.44 2,508,111.41
Interest payable 80,971,695.54 28,118,306.33
Other payables 81,214,291.92 67,373,561.98
Non-current liabilities due within one year 1,051,349,351.16 701,349,351.16
Other current liabilities 10,000,000.00 -
Total Current Liabilities 1,894,731,261.07 1,129,726,493.29
Non-current Liabilities: -
Long-term borrowings 280,024,302.04 181,224,302.04
Bonds payable 568,271,000.00 967,159,500.00
Deferred tax liability -
Other non-current liabilities 15,355,544.97 16,367,558.34
Total Non-current Liabilities 863,650,847.01 1,164,751,360.38
TOTAL LIABILITIES 2,758,382,108.08 2,294,477,853.67
SHAREHOLDERS' EQUITY: -
Share capital 230,600,000.00 230,600,000.00
Capital reserve 204,534,849.49 204,534,849.49
Special reserve 6,405,880.92 5,775,987.68
Surplus reserve 318,603,562.42 317,245,288.81
Unappropriated profits 701,688,928.75 730,515,822.29
TOTAL SHAREHOLDERS' EQUITY 1,461,833,221.58 1,488,671,948.27
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 4,220,215,329.66 3,783,149,801.94
10
3.Income Statements QTD
Consolidated Currency: RMB
Items Current Period Same Period Last Year
I. Total operating income 169,557,114.04 170,600,550.00
Including: Operating income 169,557,114.04 170,600,550.00
Less: Total operating costs 165,053,612.60 149,393,680.44
Including: Operating costs 75,166,272.44 74,755,187.33
Business taxes and levies 8,048,813.06 9,047,442.54
Selling expenses 16,934.98 1,292,201.53
General and administrative expenses 35,772,550.31 21,745,533.45
Financial expenses 46,023,380.18 42,553,315.59
Impairment losses of assets 25,661.63 0.00
Add: Investment income 8,143,627.57 19,817,551.38
Including: Income from investments in associates and joint ventures 8,064,577.57 13,678,482.38
II. Operating profit 12,647,129.01 41,024,420.94
Add: Non-operating income 2,188,851.93 693,362.95
Including: Gains from disposal of non-current assets 33,495.15 9,357.83
Less: Non-operating expenses 1,348,778.98 196,354.75
Including: Losses from disposal of non-current assets 1,298,498.40 189,898.69
III. Gross profit 13,487,201.96 41,521,429.14
Less: Income tax expenses 4,514,963.64 8,511,435.60
IV. Net profit 8,972,238.32 33,009,993.54
Net profit attributable to owners of the Company 4,324,601.47 28,165,868.96
Profit or loss attributable to minority shareholders 4,647,636.85 4,844,124.58
V. Post-tax net value of other comprehensive income 6,467.97
Post-tax net value of other comprehensive income attributable to owners of the
5,003.62
Company
Including: Translation differences arising on translation of financial statements
5,003.62
denominated in foreign currencies
Post-tax net value of other comprehensive income attributable to minority shareholders 1,464.35
VI. Total comprehensive income: 8,972,238.32 33,016,461.51
Total comprehensive income attributable to owners of the Company 4,324,601.47 28,170,872.58
Total comprehensive income attributable to minority shareholders 4,647,636.85 4,845,588.93
VII. Earnings per share:
(I) Basic earnings per share
0.02 0.12
(II) Diluted earnings per share Not applicable Not applicable
Legal Representative: Tian Junyan Chief Financial Officer：Yu Zhongxia Financial Manager：Sun Yuhui
11
4.Income Statements QTD
Parent company Currency: RMB
Items Current Period Same Period Last Year
I. Operating income 38,058,162.38 44,731,110.40
Less: Operating costs 23,154,062.05 26,135,871.73
Business taxes and levies -110,129.03 1,039,509.84
General and administrative expenses 10,414,424.12 9,175,148.24
Financial expenses 28,996,224.57 17,344,309.45
Impairment loss of assets 115,139.98 0.00
Add: Investment income 8,143,627.57 19,817,551.38
Including: Income from investments in associates and joint ventures 8,064,577.57 13,678,482.38
II. Operating profit -16,367,931.74 10,853,822.52
Add: Non-operating income 385,092.23 12,168.93
Including: Gains from disposal of non-current assets 33,495.15 1,368.93
Less: Non-operating expenses 1,298,674.73 2,003.94
Including: Losses from disposal of non-current assets 1,297,373.40 3.94
III. Gross profit -17,281,514.24 10,863,987.51
Less: Income tax expenses -6,335,482.34 -721,059.52
IV. Net profit -10,946,031.90 11,585,047.03
V. Other comprehensive income
VI. Total comprehensive income -10,946,031.90 11,585,047.03
VII. Earnings per share:
(I) Basic earnings per share Not applicable Not applicable
(II) Diluted earnings per share Not applicable Not applicable
12
5.Income Statements YTD
Consolidated Currency: RMB
Items Current Period Same Period Last Year
I. Total operating income 500,605,402.69 477,719,622.68
Including: Operating income 500,605,402.69 477,719,622.68
Less: Total operating costs 469,833,519.93 431,567,754.73
Including: Operating costs 218,435,775.07 215,201,642.65
Business taxes and levies 26,916,452.48 29,942,187.10
Selling expenses 933,957.61 1,559,819.54
General and administrative expenses 91,117,899.48 64,087,532.68
Financial expenses 132,385,858.80 120,776,572.76
Impairment losses of assets 43,576.49
Add: Investment income 23,106,021.85 55,977,136.77
Including: Income from investments in associates and joint ventures 21,822,744.32 44,307,836.56
II. Operating profit 53,877,904.61 102,129,004.72
Add: Non-operating income 4,891,700.81 5,702,686.13
Including: Gains from disposal of non-current assets 61,272.8 58,816.9
Less: Non-operating expenses 2,200,471.00 306,507.99
Including: Losses from disposal of non-current assets 1,335,476.83 196,421.14
III. Gross profit 56,569,134.42 107,525,182.86
Less: Income tax expenses 16,600,279.63 22,043,581.78
IV. Net profit 39,968,854.79 85,481,601.08
Net profit attributable to owners of the Company 24,429,054.96 70,795,802.44
Profit or loss attributable to minority shareholders 15,539,799.83 14,685,798.64
V. Post-tax net value of other comprehensive income -1,085,665.35
Post-tax net value of other comprehensive income attributable to owners of the
-839,870.71
Company
Including: Translation differences arising on translation of financial statements
-839,870.71
denominated in foreign currencies
Post-tax net value of other comprehensive income attributable to minority shareholders -245,794.64
VI. Total comprehensive income: 39,968,854.79 84,395,935.73
Total comprehensive income attributable to owners of the Company 24,429,054.96 69,955,931.73
Total comprehensive income attributable to minority shareholders 15,539,799.83 14,440,004.00
VII. Earnings per share:
(I) Basic earnings per share 0.11 0.31
(II) Diluted earnings per share Not applicable Not applicable
13
6.Income Statements YTD
Parent company Currency: RMB
Items Current Period Same Period Last Year
I. Operating income 106,902,523.44 123,765,873.99
Less: Operating costs 68,683,282.45 82,607,183.57
Business taxes and levies 1,556,544.84 4,396,666.87
General and administrative expenses 28,405,086.38 29,423,652.90
Financial expenses 73,951,437.00 49,817,001.81
Impairment loss of assets 80,014.45
Add: Investment income 23,106,021.85 55,921,465.53
Including: Income from investments in associates and joint ventures 21,822,744.32 44,307,836.56
II. Operating profit -42,667,819.83 13,442,834.37
Add: Non-operating income 411,217.25 853,067.61
Including: Gains from disposal of non-current assets 33,495.15 38,296.45
Less: Non-operating expenses 1,416,462.29 19,738.70
Including: Losses from disposal of non-current assets 1,298,373.40 60.48
III. Gross profit -43,673,064.87 14,276,163.28
Less: Income tax expenses -16,204,444.94 -5,468,310.96
IV. Net profit -27,468,619.93 19,744,474.24
V. Other comprehensive income
VI. Total comprehensive income -27,468,619.93 19,744,474.24
VII. Earnings per share:
(I) Basic earnings per share Not applicable Not applicable
(II) Diluted earnings per share Not applicable Not applicable
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7.Cash Flow Statements YTD
Consolidated Currency: RMB
Items Current Period Same Period Last Year
I. Cash Flows from Operating Activities:
Cash receipts from sales of goods and rendering of services 524,956,851.97 505,787,852.23
Refund of tax and levies 989,803.75 352,345.09
Other cash receipts relating to operating activities 25,350,394.30 29,761,167.63
Sub-total of cash inflows from operating activities 551,297,050.02 535,901,364.95
Cash payments for goods purchased and services received 103,347,618.78 98,437,114.06
Cash payments to and on behalf of employees 72,868,326.06 68,840,132.00
Payments of various taxes 93,904,500.08 112,876,298.41
Other cash payments relating to operating activities 33,213,230.32 23,793,386.97
Sub-total of cash outflows from operating activities 303,333,675.24 303,946,931.44
Net Cash Flows from Operating Activities 247,963,374.78 231,954,433.51
II. Cash Flows from Investing Activities: - -
Cash receipts from investment income 12,908,798.55 14,329,928.96
Net cash receipts from disposal of fixed assets, intangible assets and other long-term
84,062.00 51,898.00
assets
Other cash receipts relating to investing activities 282,669,400.00 1,101,075,486.51
Sub-total of cash inflows from investing activities 295,662,260.55 1,115,457,313.47
Cash payments to acquire or construct fixed assets, intangible assets and other
1,378,769,375.08 368,213,505.53
long-term assets
Cash payments to acquire investments
Net cash outflows of procurement of subsidiaries and other business units 254,466,925.21
Other cash payments relating to investing activities 54,229,624.80 1,076,000,000.00
Sub-total of cash outflows from investing activities 1,687,465,925.09 1,444,213,505.53
Net Cash Flows from Investing Activities -1,391,803,664.54 -328,756,192.06
III. Cash Flows from Financing Activities: - -
Cash receipts from capital contributions 498,080,000.00
Cash receipts from borrowings 1,014,570,000.00 401,884,214.59
Other cash receipts relating to financing activities 764,000,000.00
Sub-total of cash inflows from financing activities 2,276,650,000.00 401,884,214.59
Cash repayments of borrowings 209,110,000.00 2,752,000.00
Cash payments for distribution of dividends or profits or settlement of interest
58,301,680.37 76,371,998.01
expenses
Other cash payments relating to financing activities 737,921,183.14 317,563,700.00
Sub-total of cash outflows from financing activities 1,005,332,863.51 396,687,698.01
Net Cash Flows from Financing Activities 1,271,317,136.49 5,196,516.58
IV. Effect of Foreign Exchange Rate Changes on Cash and Cash Equivalents -9,392.50 -517,440.35
V. Net Increase(Decrease)in Cash and Cash Equivalents 127,467,454.23 -92,122,682.32
Add: Opening balance of Cash and Cash Equivalents 321,121,926.73 375,328,861.18
VI. Closing Balance of Cash and Cash Equivalents 448,589,380.96 283,206,178.86
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8.Cash Flow Statements YTD
Parent company Currency: RMB
Items Current Period Same Period Last Year
I. Cash Flows from Operating Activities:
Cash receipts from sales of goods and rendering of services 104,018,577.54 136,713,211.06
Refund of tax and levies 985,094.24 330,695.52
Other cash receipts relating to operating activities 6,001,790.86 3,434,343.65
Sub-total of cash inflows from operating activities 111,005,462.64 140,478,250.23
Cash payments for goods purchased and services received 38,773,666.50 43,060,967.07
Cash payments to and on behalf of employees 38,624,704.71 39,842,018.91
Payments of various taxes 8,207,001.92 37,448,865.56
Other cash payments relating to operating activities 15,006,793.86 14,022,943.41
Sub-total of cash outflows from operating activities 100,612,166.99 134,374,794.95
Net Cash Flows from Operating Activities 10,393,295.65 6,103,455.28
II. Cash Flows from Investing Activities: - -
Cash receipts from investment income 12,908,798.55 14,329,928.96
Net cash receipts from disposal of fixed assets, intangible assets and other
1,012.00
long-term assets
Other cash receipts relating to investing activities 484,414,620.00 1,151,855,957.74
Sub-total of cash inflows from investing activities 497,324,430.55 1,166,185,886.70
Cash payments to acquire or construct fixed assets, intangible assets and other
3,686,825.50 8,981,375.39
long-term assets
Cash paid to acquire investments 307,676,564.58 26,099,820.00
Other cash payments relating to investing activities 139,040,903.63 1,109,980,158.29
Sub-total of cash outflows from investing activities 450,404,293.71 1,145,061,353.68
Net Cash Flows from Investing Activities 46,920,136.84 21,124,533.02
III. Cash Flows from Financing Activities: - -
Cash receipts from borrowings 650,000,000.00 300,000,000.00
Other cash receipts relating to financing activities 428,216,926.37 7,026,617.93
Sub-total of cash inflows from financing activities 1,078,216,926.37 307,026,617.93
Cash repayments of borrowings 201,200,000.00 650,000.00
Cash payments for distribution of dividends or profits or settlement of interest
42,465,652.80 64,866,831.23
expenses
Other cash payments relating to financing activities 894,082,165.32 324,162,727.28
Sub-total of cash outflows from financing activities 1,137,747,818.12 389,679,558.51
Net Cash Flows from Financing Activities -59,530,891.75 -82,652,940.58
IV. Effect of Foreign Exchange Rate Changes on Cash and Cash Equivalents -9,392.50 -716,044.49
V．Net Increase(Decrease) in Cash and Cash Equivalents -2,226,851.76 -56,140,996.77
Add: Opening balance of Cash and Cash Equivalents 28,808,779.96 110,176,958.92
VI. Closing Balance of Cash and Cash Equivalents 26,581,928.20 54,035,962.15
16
II. Audit Report
Audit Opinion
The third quarterly report is unaudited.
Board of Directors
Shenzhen Chiwan Petroleum Supply Base Co., Ltd.
October 31, 2016
17