SHENZHEN CHIWAN PETROLEUM SUPPLY BASE CO., LTD.
FULL TEXT OF FIRST QUARTERLY REPORT OF 2017
Part I Important Notice
The Board of Directors, the Board of Supervisor, 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
&Board Secretary 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 Basic Situation
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
January to March, 2017 January to March, 2016 Change（%）
Operating Revenue(RMB) 170,278,946.93 164,424,597.76 3.56%
Net Profit Attributed to Shareholders of
82,409.67 9,311,019.07 -99.11%
Listed Company (RMB)
Net Profit after Deducting Non-recurring
-639,791.07 8,553,393.49 -107.48%
Gains& Losses(RMB)
Net Cash Flows from Operating
62,129,217.52 74,546,903.86 -16.66%
Activities(RMB)
Basic Earnings per Share (RMB/Share) 0.0004 0.0400 -99.00%
Diluted Earnings per Share (RMB/Share) 0.0004 0.0400 -99.00%
Weighted Average Return on Equity（%） 0.00% 0.53% -0.53%
March 31, 2017 December 31, 2016 Change（%）
Total Assets(RMB) 7,666,324,428.75 7,549,041,526.12 1.55%
Owner’s Equity Attributed to Shareholders
1,757,218,359.85 1,756,836,179.91 0.02%
of Listed Company(RMB)
Items of Non-recurring Gains and Losses
√ Applicable □Inapplicable
Unit: RMB
Item January to March, 2017 Note
Disposal of non-current assets, including the part offset with the
31,154.25
provision for impairment of assets
Government grants recognized in current year’s profit or loss (except
for the fixed or quantitative government grants closely related to the 417,807.94
enterprise businesses according to the national unified standard)
Other non-operating revenue and expenditure excluding the
690,778.06
above-mentioned items
Less: Influence on income tax 249,505.88
Influence on minority interest (after tax) 168,033.63
Total 722,200.74 --
For the Company‘s 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 Preference
Shareholders with Resumed
Total shareholders in reporting period 5,610 0
Voting Rights at Period-end
(if any)
Top Ten Common Shareholders
Impawned or Frozen
Ratio Total shares Non-tradable
Name Nature Shares
（％） held shares
Status Shares
CHINA NANSHAN DEVELOPMENT
Domestic Legal Person 51.79% 119,420,000 119,420,000 - 0
(GROUP) INCORPORATION
China Logistics Holding(12) PTE.LTD. Foreign Legal Person 19.90% 45,890,000 - Unknown
GUOTAI JUNAN Foreign Legal Person
1.77% 4,093,078 - Unknown
SECURITIES(HONGKONG) LIMITED
CHINA MECHANTS SECURITIES
State-owned Legal Person 1.58% 3,654,656 - Unknown
(HONGKONG) LTD
Shenwan Hongyuan Securities (H.K.)
Foreign Legal Person 1.20% 2,761,939 - Unknown
Limited
HUANG YINGBIN Domestic Natural Person 1.01% 2,336,898 - Unknown
YU ZHIXIANG Domestic Natural Person 0.62% 1,422,339 - Unknown
Haitong International Securities Company Foreign Legal Person
0.55% 1,270,866 - Unknown
Limited-Account Client
GREENWOODS CHINA ALPHA Foreign Legal Person
0.43% 984,693 - Unknown
MASTER FUND
LI WEI Domestic Natural Person 0.27% 618,000 - Unknown
Top Ten Tradable Shareholders
Type
Name Tradable Shares Held
Type Shares
China Logistics Holding(12) PTE.LTD. 45,890,000 B 45,890,000
GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED 4,093,078 B 4,093,078
CHINA MECHANTS SECURITIES (HONGKONG) LTD 3,654,656 B 3,654,656
Shenwan Hongyuan Securities (H.K.) Limited 2,761,939 B 2,761,939
HUANG YINGBIN 2,336,898 B 2,336,898
YU ZHIXIANG 1,422,339 B 1,422,339
Haitong International Securities Company Limited-Account Client 1,270,866 B 1,270,866
GREENWOODS CHINA ALPHA MASTER FUND 984,693 B 984,693
LI WEI 618,000 B 618,000
SUN HUNG KAI INVESTMENT SERVICES LTD 567,412 B 567,412
Among the top ten shareholders, the domestic legal entity
shareholder, China Nanshan Development (Group)
Incorporation has no affiliated relations with other
Explanation for the Affiliated Relations or United Action of the Top shareholders and does not fall into the scope of united action
Ten Shareholders person stipulated by “Regulation of Information 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 Top Ten Shareholders Involved in Securities Margin
N/A
Trading
Whether shareholders appointed repurchase transaction during reporting period
□ Yes √ No
3
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
No 1st Quarter of 1st Quarter of
2017/ 2016/ Change
Items Causes for Difference
Mar 31, 2017 Dec 31, 2016 (%)
1 Mainly due to prepayment for insurance
Prepayments 2,016,767.91 748,064.45 169.60%
expenses for 2017
2 Interest receivable 679,269.26 423,404.92 60.43% Mainly due to increase of deposit interest
3 Other receivables 88,741,364.13 63,863,606.97 38.95% Mainly due to payment for land deposit
4 Short-term Mainly due to increase of bank short-term
1,614,000,000.00 850,000,000.00 89.88%
borrowings borrowings
5 Mainly due to payment for construction in
Notes payable 29,607,185.35 16,200,019.20 82.76%
progress in the form of commercial paper
6 Accounts payable 17,180,844.94 11,500,505.03 49.39% Mainly due to increase of land rental payable
7 Mainly due to warehousing service charge
Receipts in advance 5,495,716.81 9,185,065.04 -40.17% received in advance last year recognized as
income in current period
8 Employee benefits
11,449,281.56 21,162,917.90 -45.90% Mainly due to payment for last year-end bonus
payable
9 Mainly due to payment for final term interests
Interest payable 9,482,866.74 23,856,299.00 -60.25%
of medium-term
10 Non-current
Mainly due to repayment for medium-term
liabilities due within 240,057,978.40 633,057,978.40 -62.08%
note at maturity
one year
11 Other current Mainly due to loan repayment for short-term
50,000,000.00 564,000,000.00 -91.13%
liabilities borrowing
12 Other non-current
804,459,268.06 511,018,207.18 57.42% Mainly due to increase of long-term borrowing
liabilities
13 Mainly due to accounting adjustment
according to the relevant regulation, No.22 of
Business taxes and
15,728,536.44 9,677,584.67 62.53% 2016, named “Provisions on the accounting
levies
treatment of VAT” issued by the Ministry of
Finance from May of last year
14 Selling expenses 197,841.36 521,984.66 -62.10% Mainly due to decreased of agent fees
15 Impairment losses
-6,719.89 14,810.26 -145.37% Mainly due to write off provision for bad debts
of assets
16 Mainly due to provision for deferred income
Income tax
9,122,393.45 6,749,297.02 35.16% tax in prior period by parent company, and not
expenses
happened in current period
17 Other cash receipts
Mainly due to receipt for bidding deposit in
relating to operating 6,662,342.24 10,802,596.87 -38.33%
prior period
activities
18 Other cash
Mainly due to payment for provision and
payments relating to 13,758,992.16 7,207,486.19 90.90%
returning clients’ deposit
operating activities
19 Cash receipts from Mainly due to receipt of cash dividends from
12,908,798.55 -100.00%
investment income associated CSE in prior period
20 Other cash receipts
Mainly due to redemption of mature financial
relating to investing 283,233,575.00 -100.00%
products in prior period
activities
21 Cash payments to
acquire or construct
fixed assets, Mainly due to decrease of construction and
239,838,140.88 359,426,925.92 -33.27%
intangible assets land payments
and other long-term
assets
4
22 Net cash paid for
the acquisition of Mainly due to acquisition of Beijing Jinmu
171,489,525.52 -100.00%
subsidiaries and Company in prior period
other business units
23 Other cash
Mainly due to payment for financial products
payments relating to 61,056,699.50 -100.00%
in prior period
investing activities
24 Mainly due to receipt of increased Blogis’
Cash receipts from
498,080,000.00 -100.00% registered capital by Nanshan Group at prior
capital contributions
period
25 Cash receipts from
864,000,000.00 101,670,000.00 749.81% Mainly due to increase of bank loans
borrowings
26 Other cash receipts
Mainly due to increase of loans from Nanshan
relating to financing 494,000,000.00 294,000,000.00 68.03%
Group
activities
27 Cash repayments of Mainly due to repayment for medium-term
505,191,170.64 103,155,000.00 389.74%
borrowings note at maturity
28 Cash payments for
distribution of
dividends or profits 48,477,329.55 33,495,554.54 44.73% Mainly due to increase of interests payment
or settlement of
interest expenses
29 Other cash
Mainly due to repayment loan for Nanshan
payments relating to 720,272,007.42 1,314,455.93 54696.21%
Group
financing activities
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 in 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.
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.
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 by 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 for 3rd 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
5
III. Extended Unfulfilled Commitment by Actual Controller, Shareholders with More than 5% Shares,
Relative party, Acquirer and Company
□ Applicable √ Inapplicable
IV. Prediction of Business Performance for the First Half Year of 2017
□Applicable √ Inapplicable
V. Security Investment
□Applicable √ Inapplicable
VI. Derivatives Investment
□Applicable √ Inapplicable
VII. Reception of Investors and Medias
According to relative regulations of standard operational guidelines for listed companies issued by Shenzhen
Stock Exchange and working system in management of investor relationship of the Company, the Company
carried out the principles of fairness, justice and publicity when receiving interview and investigation and
developing activities, guaranteed all investors enjoying right to learn the truth, other lawful rights and interests,
introduced practical situation of the Company and prevented the Company from leaking information and related
insider dealing.
The Company has ensured the communication ways successfully for the investors and received many enquires by
telephone and irm.cninfo.com.cn. But there are no investors asking for visiting on the spot or submitting written
questionnaires.
VIII. Illegal Guarantee
□Applicable √ Inapplicable
IX. Non-operation Oriented Fund Occupancy by the Controlling Shareholder and/or Related Parties
□Applicable √ Inapplicable
6
Part Ⅳ Financial Statements
I. Financial Statements
1.Balance Sheet
Consolidated Currency: RMB
Items Ending Balance Beginning Balance
Current Assets:
Cash and bank balances 431,013,415.86 524,609,097.58
Accounts receivable 49,155,368.40 43,862,804.61
Prepayments 2,016,767.91 748,064.45
Interest receivable 679,269.26 423,404.92
Other receivables 88,741,364.13 63,863,606.97
Inventories 826,253.66 961,855.72
Other current assets 13,312,045.21 14,424,379.64
Total Current Assets 585,744,484.43 648,893,213.89
Non-current Assets:
Long-term equity investments 607,865,968.12 602,194,915.06
Investment properties 1,607,023,919.89 1,606,049,338.07
Fixed assets 964,682,353.48 877,096,096.64
Construction in progress 545,667,500.53 601,906,964.62
Liquidation of fixed assets 35,208.48
Intangible assets 2,238,484,753.33 2,245,211,656.35
Development expenditure 1,025,155.17 1,330,674.42
Goodwill 11,133,118.55 11,133,118.55
Deferred tax assets 27,753,017.90 24,317,786.92
Other non-current assets 1,076,908,948.87 930,907,761.60
Total Non-current Assets 7,080,579,944.32 6,900,148,312.23
TOTAL ASSETS 7,666,324,428.75 7,549,041,526.12
Current Liabilities:
Short-term borrowings 1,614,000,000.00 850,000,000.00
Notes payable 29,607,185.35 16,200,019.20
Accounts payable 17,180,844.94 11,500,505.03
Receipts in advance 5,495,716.81 9,185,065.04
Employee benefits payable 11,449,281.56 21,162,917.90
Taxes payable 27,002,270.62 30,107,734.45
Interest payable 9,482,866.74 23,856,299.00
Other payables 421,163,591.96 437,522,424.61
Non-current liabilities due within one year 240,057,978.40 633,057,978.40
Other current liabilities 50,000,000.00 564,000,000.00
Total Current Liabilities 2,425,439,736.38 2,596,592,943.63
Non-current Liabilities:
Long-term borrowings 1,176,133,100.45 1,186,288,100.45
Bonds payable 569,012,000.00 568,641,500.00
Deferred income 49,186,061.47 49,599,079.39
Deferred tax liabilities 22,777,773.38 22,812,085.88
7
Other non-current liabilities 804,459,268.06 511,018,207.18
Total Non-current Liabilities 2,621,568,203.36 2,338,358,972.90
TOTAL LIABILITIES 5,047,007,939.74 4,934,951,916.53
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 7,074,478.01 6,774,707.73
Surplus reserve 318,603,562.42 318,603,562.42
Unappropriated profits 966,147,054.19 966,064,644.53
Total shareholders' equity attributable to
1,757,218,359.85 1,756,836,179.91
equity holders of the Company
Minority interests 862,098,129.16 857,253,429.68
TOTAL SHAREHOLDERS'
2,619,316,489.01 2,614,089,609.59
EQUITY
TOTAL LIABILITIES AND
7,666,324,428.75 7,549,041,526.12
SHAREHOLDERS' EQUITY
Legal Representative: Tian Junyan Chief Financial Officer：Yu Zhongxia Financial Manager：Sun Yuhui
8
2. Balance Sheet
Parent company Currency: RMB
Items Ending Balance Beginning Balance
Current Assets:
Cash and bank balances 22,756,612.49 14,320,382.62
Accounts receivable 21,698,897.90 22,179,847.58
Prepayments 104,902.18 199,347.18
Other receivables 185,789,349.86 458,310,323.30
Inventories 602,463.90 666,721.31
Total Current Assets 230,952,226.33 495,676,621.99
Non-current Assets:
Long-term equity investments 3,244,378,292.42 3,235,207,239.36
Investment properties 111,999,471.95 115,535,029.89
Fixed assets 51,029,038.16 53,000,328.21
Construction in progress 2,939,773.18 2,626,533.00
Liquidation of fixed assets 21,960.28
Intangible assets 272,701,020.26 276,936,159.10
Other non-current assets 2,935,397.39 3,100,849.21
Total non-current assets 3,686,004,953.64 3,686,406,138.77
TOTAL ASSETS 3,916,957,179.97 4,182,082,760.76
Current Liabilities:
Short-term borrowings 970,000,000.00 800,000,000.00
Note payable 584,945.57
Accounts payable 13,897,996.33 10,800,195.25
Employee benefits payable 5,947,652.37 8,499,705.90
Taxes payable 801,022.16 1,325,799.55
Interest payable 8,777,924.96 22,814,519.98
Other payables 99,970,461.49 85,907,775.53
Non-current liabilities due within one year 1,349,351.16 401,349,351.16
Other current liabilities 220,000,000.00
Total Current Liabilities 1,101,329,354.04 1,550,697,347.37
Non-current Liabilities:
Long-term borrowings 378,824,302.04 378,824,302.04
Bonds payable 569,012,000.00 568,641,500.00
Other non-current liabilities 454,680,869.39 255,018,207.18
Total Non-current Liabilities 1,402,517,171.43 1,202,484,009.22
TOTAL LIABILITIES 2,503,846,525.47 2,753,181,356.59
SHAREHOLDERS' EQUITY:
Share capital 230,600,000.00 230,600,000.00
Capital reserve 204,534,849.49 204,534,849.49
Special reserve 6,722,515.70 6,468,869.88
Surplus reserve 318,603,562.42 318,603,562.42
Unappropriated profits 652,649,726.89 668,694,122.38
TOTAL SHAREHOLDERS' EQUITY 1,413,110,654.50 1,428,901,404.17
TOTAL LIABILITIES AND SHAREHOLDERS'
3,916,957,179.97 4,182,082,760.76
EQUITY
9
3. Income Statements
Consolidated Currency: RMB
Items Current Period Same Period Last Year
I. Total operating income 170,278,946.93 164,424,597.76
Including: Operating income 170,278,946.93 164,424,597.76
Less: Total operating costs 163,053,549.34 150,582,765.73
Including: Operating costs 77,699,657.83 71,965,168.10
Business taxes and levies 15,728,536.44 9,677,584.67
Selling expenses 197,841.36 521,984.66
General and administrative expenses 27,952,945.45 25,257,563.56
Financial expenses 41,481,288.15 43,145,654.48
Impairment losses of assets -6,719.89 14,810.26
Add: Investment income 5,671,053.06 6,047,847.58
Including: Income from investments in associates and joint ventures 5,671,053.06 5,020,395.05
II. Operating profit 12,896,450.65 19,889,679.61
Add: Non-operating income 1,163,700.46 1,314,930.35
Including: Gains from disposal of non-current assets 31,643.90 27,777.65
Less: Non-operating expenses 23,960.21 75,825.04
Including: Losses from disposal of non-current assets 4,995.00
489.65
III. Gross profit 14,036,190.90 21,128,784.92
Less: Income tax expenses 9,122,393.45 6,749,297.02
IV. Net profit 4,913,797.45 14,379,487.90
Net profit attributable to owners of the Company 82,409.67 9,311,019.07
Profit or loss attributable to minority shareholders 4,831,387.78 5,068,468.83
V. Post-tax net value of other comprehensive income
Post-tax net value of other comprehensive income attributable to owners
of the Company
Including: Translation differences arising on translation of
financial statements denominated in foreign currencies
Post-tax net value of other comprehensive income attributable to
minority shareholders
VI. Total comprehensive income: 4,913,797.45 14,379,487.90
Total comprehensive income attributable to owners of the Company 82,409.67 9,311,019.07
Total comprehensive income attributable to minority shareholders 4,831,387.78 5,068,468.83
VII. Earnings per share:
(I) Basic earnings per share 0.0400
0.0004
(II) Diluted earnings per share Not applicable Not applicable
10
4.Income Statements
Parent company Currency: RMB
Items Current Period Same Period Last Year
I. Operating income 31,088,730.85 33,189,253.37
Less: Operating costs 21,175,688.80 21,523,151.84
Business taxes and levies 621,961.26 1,369,402.67
General and administrative expenses 7,383,095.35 10,976,181.41
Financial expenses 23,771,450.33 16,921,308.04
Impairment loss of assets -35,125.53
Add: Investment income 5,671,053.06 6,047,847.58
Including: Income from investments in
5,671,053.06 5,020,395.05
associates and joint ventures
II. Operating profit -16,192,411.83 -11,517,817.48
Add: Non-operating income 150,445.57
7,225.00
Including: Gains from disposal of non-current
31,643.90
assets
Less: Non-operating expenses 2,429.23
51,000.00
Including: Losses from disposal of non-current
327.50
assets 1,000.00
III. Gross profit -16,044,395.49 -11,561,592.48
Less: Income tax expenses -3,636,298.78
IV. Net profit -16,044,395.49 -7,925,293.70
V. Other comprehensive income
VI. Total comprehensive income -16,044,395.49 -7,925,293.70
VII. Earnings per share:
(I) Basic earnings per share Not applicable Not applicable
(II) Diluted earnings per share Not applicable Not applicable
11
5.Cash Flow Statements
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
172,187,577.34 176,001,114.88
Refund of tax and levies
Other cash receipts relating to operating activities
6,662,342.24 10,802,596.87
Sub-total of cash inflows from operating activities
178,849,919.58 186,803,711.75
Cash payments for goods purchased and services received
31,169,452.88 37,114,019.69
Cash payments to and on behalf of employees
34,442,680.24 35,317,136.51
Payments of various taxes
37,349,576.78 32,618,165.50
Other cash payments relating to operating activities
13,758,992.16 7,207,486.19
Sub-total of cash outflows from operating activities
116,720,702.06 112,256,807.89
Net Cash Flows from Operating Activities
62,129,217.52 74,546,903.86
II. Cash Flows from Investing Activities:
Cash receipts from investment income
12,908,798.55
Net cash receipts from disposal of fixed assets, intangible assets and other
long-term assets 55,560.00 42,812.00
Other cash receipts relating to investing activities
283,233,575.00
Sub-total of cash inflows from investing activities
55,560.00 296,185,185.55
Cash payments to acquire or construct fixed assets, intangible assets and other
long-term assets 239,838,140.88 359,426,925.92
Cash payments to acquire investments
Net cash paid for the acquisition of subsidiaries and other business units
171,489,525.52
Other cash payments relating to investing activities
61,056,699.50
Sub-total of cash outflows from investing activities
239,838,140.88 591,973,150.94
Net Cash Flows from Investing Activities
-239,782,580.88 -295,787,965.39
III. Cash Flows from Financing Activities:
Cash receipts from capital contributions
498,080,000.00
Cash receipts from borrowings
864,000,000.00 101,670,000.00
Other cash receipts relating to financing activities
494,000,000.00 294,000,000.00
Sub-total of cash inflows from financing activities
1,358,000,000.00 893,750,000.00
Cash repayments of borrowings
505,191,170.64 103,155,000.00
12
Cash payments for distribution of dividends or profits or settlement of interest expenses
48,477,329.55 33,495,554.54
Other cash payments relating to financing activities
720,272,007.42 1,314,455.93
Sub-total of cash outflows from financing activities
1,273,940,507.61 137,965,010.47
Net Cash Flows from Financing Activities
84,059,492.39 755,784,989.53
IV. Effect of Foreign Exchange Rate Changes on Cash and Cash Equivalents
-1,810.75
V. Net Increase(Decrease)in Cash and Cash Equivalents
-93,595,681.72 534,543,928.00
Add: Opening balance of Cash and Cash Equivalents
524,609,097.58 321,121,926.73
VI. Closing Balance of Cash and Cash Equivalents
431,013,415.86 855,665,854.73
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6.Cash Flow Statements
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 32,713,735.71 38,087,039.54
Refund of tax and levies
Other cash receipts relating to operating activities 471,856.43 2,767,227.94
Sub-total of cash inflows from operating activities 33,185,592.14 40,854,267.48
Cash payments for goods purchased and services received 7,550,636.22 16,605,825.49
Cash payments to and on behalf of employees 12,179,881.92 22,687,878.29
Payments of various taxes 2,505,956.82 3,543,510.01
Other cash payments relating to operating activities 2,847,223.33 140,046.76
Sub-total of cash outflows from operating activities 25,083,698.29 42,977,260.55
Net Cash Flows from Operating Activities 8,101,893.85 -2,122,993.07
II. Cash Flows from Investing Activities:
Cash receipts from investment income 12,908,798.55
Net cash receipts from disposal of fixed assets, intangible assets and other
55,000.00 1,012.00
long-term assets
Other cash receipts relating to investing activities 279,127,586.54 451,058,795.00
Sub-total of cash inflows from investing activities 279,182,586.54 463,968,605.55
Cash payments to acquire or construct fixed assets, intangible assets and other
2,573,192.74 1,583,827.98
long-term assets
Cash paid to acquire investments 3,500,000.00 280,210,000.00
Other cash payments relating to investing activities 253,127.22 148,696,643.62
Sub-total of cash outflows from investing activities 6,326,319.96 430,490,471.60
Net Cash Flows from Investing Activities 272,856,266.58 33,478,133.95
III. Cash Flows from Financing Activities:
Cash receipts from borrowings 270,000,000.00 100,000,000.00
Other cash receipts relating to financing activities 233,086,919.11 2,149,452.09
Sub-total of cash inflows from financing activities 503,086,919.11 102,149,452.09
Cash repayments of borrowings 500,000,000.00 100,000,000.00
Cash payments for distribution of dividends or profits or settlement of interest
38,734,071.32 29,643,289.34
expenses
Other cash payments relating to financing activities 236,874,778.35 1,604,094.84
Sub-total of cash outflows from financing activities 775,608,849.67 131,247,384.18
Net Cash Flows from Financing Activities -272,521,930.56 -29,097,932.09
IV. Effect of Foreign Exchange Rate Changes on Cash and Cash Equivalents
V．Net Increase(Decrease) in Cash and Cash Equivalents 8,436,229.87 2,257,208.79
Add: Opening balance of Cash and Cash Equivalents 14,320,382.62 28,808,779.96
VI. Closing Balance of Cash and Cash Equivalents 22,756,612.49 31,065,988.75
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II. Audit Report
Audit Opinion
The first quarterly report is unaudited.
Board of Directors
Shenzhen Chiwan Petroleum Supply Base Co., Ltd.
April 29, 2017
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