SHENZHEN CHIWAN PETROLEUM SUPPLY BASE CO., LTD.
FULL TEXT OF THIRD QUARTERLY REPORT OF 2017
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.
Except the following directors, other directors have attended the Board Meeting.
Absent Director Post of the Absent Director Reason Authorized Person
Chen Lei Director Business Arrangement N/A
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 Information
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
Change
September 30, 2017 December 31, 2016
（%）
Total Assets(RMB) 8,357,303,819.35 7,549,041,526.12 10.71%
Owner’s Equity Attributed to Shareholders of
1,746,322,785.91 1,756,836,179.91 -0.60%
Listed Company(RMB)
July to September, Change January to Change
2017 （%） September, 2017 （%）
Operating Revenue(RMB) 191,916,977.16 13.19% 548,680,875.95 9.60%
Net Profit Attributed to Shareholders of
-22,237,089.01 -614.20% -11,169,385.54 -145.72%
Listed Company (RMB)
Net Profit after Deducting Non-recurring
-22,941,423.02 -674.48% -13,356,024.80 -157.68%
Gains& Losses(RMB)
Net Cash Flows from Operating
-- -- 266,521,439.65 7.48%
Activities(RMB)
Basic Earnings per Share (RMB/Share) -0.10 -600.00% -0.05 -145.45%
Diluted Earnings per Share (RMB/Share) -0.10 -600.00% -0.05 -145.45%
Weighted Average Return on Equity（%） -1.27% -1.51% -0.64% -2.02%
Items of Non-recurring Gains and Losses
√ Applicable □Inapplicable
Unit: RMB
January to September,
Item Notes
2017
Disposal of non-current assets, including the part offset
143,087.08
with the provision for impairment of assets
Government grants recognized in current year’s profit or
loss (except for the fixed or quantitative government
1,354,762.78
grants closely related to the enterprise businesses
according to the national unified standard)
Other non-operating revenue and expenditure excluding
2,150,125.22
the above-mentioned items
Less: Influence on income tax 874,387.40
Influence on minority interest (after tax) 586,948.42
Total 2,186,639.26 --
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 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
GUOTAI JUNAN unknown
Foreign Legal
SECURITIES(HONGKONG) 1.62% 3,745,871 0 -
Person
LIMITED
CHINA MECHANTS SECURITIES State-owned Legal
1.58% 3,650,362 0 - unknown
(HONGKONG) LTD Person
Shenwan Hongyuan Securities (H.K.) Foreign Legal unknown
1.18% 2,717,139 0 -
Limited Person
Domestic Natural unknown
HUANG YINGBIN 1.02% 2,352,398 0 -
Person
Domestic Natural unknown
YU ZHIXIANG 0.62% 1,422,339 0 -
Person
Haitong International Securities Foreign Legal unknown
0.54% 1,234,105 0 -
Company Limited-Account Client Person
GREENWOODS CHINA ALPHA Foreign Legal unknown
0.43% 984,693 0 -
MASTER FUND Person
Domestic Natural
LI WEI 0.28% 650,400 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
GUOTAI JUNAN SECURITIES(HONGKONG)
3,745,871 B 3,745,871
LIMITED
CHINA MECHANTS SECURITIES (HONGKONG)
3,650,362 B 3,650,362
LTD
Shenwan Hongyuan Securities (H.K.) Limited 2,717,139 B 2,717,139
HUANG YINGBIN 2,352,398 B 2,352,398
YU ZHIXIANG 1,422,339 B 1,422,339
Haitong International Securities Company
1,234,105 B 1,234,105
Limited-Account Client
GREENWOODS CHINA ALPHA MASTER FUND 984,693 B 984,693
LI WEI 650,400 B 650,400
SHA SHULI 568,711 B 568,711
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
Whether shareholders appointed repurchase transaction during reporting period
3
□ 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
2017 2016 Change
No. Item Note for Difference
30-Sep-2017 31-Dec-2016 (%)
Mainly due to collection of accounts
1 Accounts receivable 58,011,983.79 43,862,804.61 32.26% receivables happened in final quarter of
year normally
Mainly due to prepayment on annual
2 Prepayments 2,184,158.72 748,064.45 191.97%
premium in advance
Mainly due to the amount of term deposit
3 Interest receivable 247,334.24 423,404.92 -41.58% is less than that of the beginning of this
year
Mainly due to the amount of input tax
4 Other current liabilities 40,095,303.18 14,424,379.64 177.97% payable accrued more than that of the last
period.
Mainly due to construction under
5 Disposal of fixed assets 1,141,043,040.82 877,096,096.64 30.09%
progress transferred into fixed assets
Development Mainly due to investment of SAP System
6 3,369,110.55 1,330,674.42 153.19%
expenditure R&D increasing continuously
Mainly due to deferred income tax
Deferred income tax proposed for the increasing logistics
7 35,919,192.48 24,317,786.92 47.71%
assets parks under construction in process for
current period
Mainly due to the increase of
8 Short-term borrowings 1,264,000,000.00 850,000,000.00 48.71% short-term bank borrowings as the need
for business development
Mainly due to the increase of payment
9 Notes payable 64,799,741.68 16,200,019.20 300.00% for construction in progress in the form
of commercial paper
Mainly due to the increase in the balance
10 Interest payable 35,819,292.47 23,856,299.00 50.15% of borrowings during the period,
resulting in increased interest occurring
Mainly due to the increase of project
progress payable as a result of the
11 Other payable 626,099,418.62 437,522,424.61 43.10%
expansion of the logistics parks
construction scale
Non-current liabilities Mainly due to repayment for
12 260,158,369.08 633,057,978.40 -58.90%
due within one year medium-term note at maturity
Other current liabilities Mainly due to loan repayment for
13 0 564,000,000.00 -100.00% short-term borrowing from Nanshan
Group
Other non-current Mainly due to increase of long-term
14 1,564,006,193.81 511,018,207.18 206.06%
liabilities borrowing from Nanshan Group
Mainly due to accounting adjustment
according to the relevant regulation,
Business taxes and No.22 of 2016, named “Provisions on the
15 46,478,086.89 26,916,452.48 72.68%
levies accounting treatment of VAT” issued by
the Ministry of Finance from May in
2016
16 Selling expenses 493,807.64 933,957.61 -47.13% Mainly due to decrease of agent fees
Impairment losses of Mainly due to write off provision for bad
17 -6,767.89 43,576.49 -115.53%
assets debts
Mainly due to decrease of business profit
18 Investment income 2,787,457.45 23,106,021.85 -87.94%
of associated CSE
4
Non-business Mainly due to elevators for the office
19 419,948.22 2,200,471.00 -80.92%
expenditure building scraped prior period
Mainly due to provision for deferred
income tax in prior period incurred by
20 Income tax expenses 26,945,711.72 16,600,279.63 62.32%
parent company, and not happened in
current period
Cash receipts from Mainly due to receipt of cash dividends
21 investment income 0 12,908,798.55 -100.00%
from associated CSE in prior period
Net cash recovered
from disposal of fixed
Mainly due to disposal on fixed assets in
22 assets, intangible assets 126,535.00 84,062.00 50.53%
current period
and other long-term
assets
Other cash receipts
Mainly due to redemption of mature
23 relating to investing 19,298,524.80 282,669,400.00 -93.17%
financial products in prior period
activities
Cash payments to
acquire or construct
Mainly due to decrease of construction
24 fixed assets, intangible 589,230,197.34 1,378,769,375.08 -57.26%
and land payments in cash
assets and other
long-term assets
Cash repayments of Mainly due to payment for registered
25 2,000,000.00 0 0.00%
investing capitals for Sichuan Wenxuan Baowan
Net cash paid for the
Mainly due to acquisition of Beijing
acquisition of
26 0 254,466,925.21 -100.00% Konggang Baowan ( Jinmu Company) in
subsidiaries and other
prior period
business units
Other cash payments
Mainly due to payment for financial
27 relating to investing 49,160.50 54,229,624.80 -99.91%
products in prior period
activities
Cash receipts from Mainly due to receipt of increased
28 capital contributions 0 498,080,000.00 -100.00% Blogis’ registered capital by Nanshan
Group in the same period of last year
Other cash receipts
Mainly due to increase of loans from
29 relating to financing 1,654,000,000.00 764,000,000.00 116.49%
Nanshan Group
activities
Mainly due to repayment for
Cash repayments of
30 1,015,355,000.00 209,110,000.00 385.56% medium-term note at maturity and short
borrowings
term bank loans
Cash payments for
distribution of
Mainly due to increase of interests
31 dividends or profits or 116,384,827.36 58,301,680.37 99.63%
payment for increasing loans balance
settlement of interest
expenses
Other cash payments
Mainly due to repayment loan for
32 relating to financing 1,192,751,550.71 737,921,183.14 61.64%
Nanshan Group
activities
II. Significant Event and its Impact, and analysis and explanation of their solutions
√ Applicable □ Inapplicable
1. Significant Assets Reorganization
1st Session of 8th Board of Directors and 3rd Extraordinary Shareholders’ General Meeting in 2016 have approved
the proposal on Shenzhen New Nanshan Holdings (Group) issuing A share to absorb and merge Chiwan Base
with raising funds. Legal person of Chiwan Base would be terminated and cancelled and meanwhile inherited and
carried by New Nanshan Holding if such transaction successful approved. The above mentioned transaction has
gained approved by Shenzhen Stock Exchange, State-owned Assets Supervision and Administration Commission
and Commerce Ministry.
As the relevant policies involved in this transaction are not yet clear, Nanshan Holding and Chiwan Base need to
implement the relevant matters. In view of the above situation, the Board has made prudent studies and has
applied for the suspension of examining and verifying this administrative license project to CSRC, after the
5
implementation of relevant matters, the Board will apply for examining and verifying this administrative license
project timely.
16th Telecommunication meeting of 8th of the Board and 2nd Extraordinary Shareholders’ General Meeting in 2017
have approved to extend validity of resolution and its authorization for this transaction with the term of 12 month.
2. To Cooperate with Equity Investment Fund
Approved by 15th Telecommunication meeting of 8th of the Board and Annual Shareholders’ General Meeting for
2016, the Company intends to cooperate with equity investment fund, and the fund of RMB 3.75 billion would be
invested in the new Blogis Logiscics projects in 3-5 years according to the process of development.
3.To Increase Registered Capitals for 20 Subsidiaries
Approved by 15th Telecommunication meeting of 8th of the Board and Annual Shareholders’ General Meeting for
2016, the Company intends to introduce strategic investors by means of increasing registered capitals for 20
subsidiaries both under construction and at preparatory period. The final cooperative investor would be
determined through Property Rights Exchange Listing.
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 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
Extending validity of resolution and its authorization for this www.cninfo.com.cn
2017.07.15
transaction with the term of 12 month. Announcement No.2017-44
Resolution announcement for 2nd Extraordinary Shareholders' www.cninfo.com.cn
2017.08.03
General Meeting in 2017 Announcement No.2017-50
www.cninfo.com.cn
Announcement of cooperating with Equity Investment Fund 2017.06.03
Announcement No.2017-32
Announcement on Increasing Registered Capitals for 20 www.cninfo.com.cn
2017.06.03
Subsidiaries Announcement No.2017-33
Resolution announcement for Annual Shareholders' General www.cninfo.com.cn
2017.06.27
Meeting for 2016 Announcement No.2017-39
III. Overdue Fulfillment of Commitment by Shareholders with More than 5% Shares
□ Applicable √ Inapplicable
IV. Prediction of Business Performance for Year 2017
□ Applicable √ Inapplicable
6
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
X. Social Responsibility
□ 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
632,783,050.43 524,609,097.58
Notes receivable
1,960,000.00 -
Accounts receivable
58,011,983.79 43,862,804.61
Prepayments
2,184,158.72 748,064.45
Interest receivable
247,334.24 423,404.92
Dividends receivable
-
Other receivables
71,088,632.64 63,863,606.97
Inventories
1,198,200.80 961,855.72
Other current assets
40,095,303.18 14,424,379.64
Total Current Assets
807,568,663.80 648,893,213.89
Non-current Assets:
-
Long-term equity investments
606,982,370.08 602,194,915.06
Investment properties
1,748,576,421.22 1,606,049,338.07
Fixed assets
1,141,043,040.82 877,096,096.64
Construction in progress
651,401,229.73 601,906,964.62
Disposal of fixed assets
-10,785.93 -
Intangible assets
2,505,933,245.91 2,245,211,656.35
Development expenditure
3,369,110.55 1,330,674.42
Goodwill
11,133,118.55 11,133,118.55
Deferred income tax assets
35,919,192.48 24,317,786.92
Other non-current assets
845,388,212.14 930,907,761.60
Total Non-current Assets
7,549,735,155.55 6,900,148,312.23
TOTAL ASSETS
8,357,303,819.35 7,549,041,526.12
Current Liabilities:
-
Short-term borrowings
1,264,000,000.00 850,000,000.00
notes payable
64,799,741.68 16,200,019.20
Accounts payable
14,172,169.30 11,500,505.03
Receipts in advance
6,825,026.42 9,185,065.04
Employee benefits payable
19,077,422.25 21,162,917.90
Taxes payable
8
33,175,658.67 30,107,734.45
Interest payable
35,819,292.47 23,856,299.00
Other payables
626,099,418.62 437,522,424.61
Non-current liabilities due within one
year 260,158,369.08 633,057,978.40
Other current liabilities
564,000,000.00
Total Current Liabilities
2,324,127,098.49 2,596,592,943.63
Non-current Liabilities:
-
Long-term borrowings
1,210,677,709.77 1,186,288,100.45
Bonds payable
569,753,000.00 568,641,500.00
Long-term payables
-
Special payable
1,309,524.80 -
Deferred income
48,360,025.63 49,599,079.39
Deferred tax liabilities
22,044,344.41 22,812,085.88
Other non-current liabilities
1,564,006,193.81 511,018,207.18
Total Non-current Liabilities
3,416,150,798.42 2,338,358,972.90
TOTAL LIABILITIES
5,740,277,896.91 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
7,430,701.74 6,774,707.73
Surplus reserve
318,603,562.42 318,603,562.42
Unappropriated profits
954,895,256.52 966,064,644.53
Total shareholders' equity attributable to
equity holders of the Company 1,746,322,785.91 1,756,836,179.91
Minority interests
870,703,136.53 857,253,429.68
TOTAL SHAREHOLDERS' EQUITY
2,617,025,922.44 2,614,089,609.59
TOTAL LIABILITIES AND
SHAREHOLDERS' EQUITY 8,357,303,819.35 7,549,041,526.12
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
29,377,821.86 14,320,382.62
Accounts receivable
32,239,836.45 22,179,847.58
Prepayments
189,606.43 199,347.18
Interest receivable
-
Dividends receivable
-
Other receivables
181,260,292.85 458,310,323.30
Inventories
559,866.62 666,721.31
Other current assets
-
Total Current Assets
243,627,424.21 495,676,621.99
Non-current Assets:
-
Long-term equity investments
3,269,848,308.52 3,235,207,239.36
Investment properties
111,356,373.03 115,535,029.89
Fixed assets
47,703,343.21 53,000,328.21
Construction in progress
1,973,004.61 2,626,533.00
Disposal of fixed assets
-12,305.08 -
Intangible assets
264,313,424.08 276,936,159.10
Deferred income tax assets
-
Other non-current assets
3,116,845.28 3,100,849.21
Total non-current assets
3,698,298,993.65 3,686,406,138.77
TOTAL ASSETS
3,941,926,417.86 4,182,082,760.76
Current Liabilities:
-
Short-term borrowings
520,000,000.00 800,000,000.00
notes payable
3,553,780.83 -
Accounts payable
10,636,637.83 10,800,195.25
Employee benefits payable
7,748,021.78 8,499,705.90
Taxes payable
1,365,565.95 1,325,799.55
Interest payable
32,420,112.21 22,814,519.98
Other payables
80,653,877.65 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
10
657,727,347.41 1,550,697,347.37
Non-current Liabilities:
-
Long-term borrowings
447,024,302.04 378,824,302.04
Bonds payable
569,753,000.00 568,641,500.00
Deferred tax liability
-
Other non-current liabilities
894,006,193.81 255,018,207.18
Total Non-current Liabilities
1,910,783,495.85 1,202,484,009.22
TOTAL LIABILITIES
2,568,510,843.26 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
6,986,490.52 6,468,869.88
Surplus reserve
318,603,562.42 318,603,562.42
Unappropriated profits
612,690,672.17 668,694,122.38
TOTAL SHAREHOLDERS' EQUITY
1,373,415,574.60 1,428,901,404.17
TOTAL LIABILITIES AND SHAREHOLDERS'
EQUITY 3,941,926,417.86 4,182,082,760.76
11
3.Income Statements QTD
Consolidated Currency: RMB
Items Current Period Same Period Last Year
I. Total operating income 191,916,977.16 169,557,114.04
Including: Operating income 191,916,977.16 169,557,114.04
II.Total operating costs 188,685,489.21 165,053,612.60
Including: Operating costs 84,447,873.78 75,166,272.44
Business taxes and levies 13,818,512.06 8,048,813.06
Selling expenses 241,630.76 16,934.98
General and administrative expenses 32,162,621.41 35,772,550.31
Financial expenses 58,014,899.20 46,023,380.18
Impairment losses of assets -48.00 25,661.63
Add: Investment income -14,240,387.94 8,143,627.57
Including: Income from investments in associates and
-14,240,387.94 8,064,577.57
joint ventures
III. Operating profit -11,008,899.99 12,647,129.01
Add: Non-operating income 1,298,288.82 2,188,851.93
Including: Gains from disposal of non-current assets 69,508.30 33,495.15
Less: Non-operating expenses 80,652.78 1,348,778.98
Including: Losses from disposal of non-current assets 4,271.97 1,298,498.40
IV. Gross profit -9,791,263.95 13,487,201.96
Less: Income tax expenses 8,428,017.39 4,514,963.64
V. Net profit -18,219,281.34 8,972,238.32
Net profit attributable to owners of the Company -22,237,089.01 4,324,601.47
Profit or loss attributable to minority shareholders 4,017,807.67 4,647,636.85
VI. Post-tax net value of other comprehensive
0.00
income
Post-tax net value of other comprehensive income
0.00
attributable to owners of the Company
Including: Translation differences arising on translation
of financial statements denominated in foreign 0.00
currencies
Post-tax net value of other comprehensive income
0.00
attributable to minority shareholders
VII. Total comprehensive income: -18,219,281.34 8,972,238.32
Total comprehensive income attributable to owners of
-22,237,089.01 4,324,601.47
the Company
Total comprehensive income attributable to minority
4,017,807.67 4,647,636.85
shareholders
VIII. Earnings per share:
(I) Basic earnings per share
-0.10 0.02
(II) Diluted earnings per share Not applicable Not applicable
Legal Representative: Tian Junyan Chief Financial Officer：Yu Zhongxia Financial Manager：Sun Yuhui
12
4.Income Statements QTD
Parent company Currency: RMB
Items Current Period Same Period Last Year
I. Operating income 38,449,545.21 38,058,162.38
Less: Operating costs 21,304,321.46 23,154,062.05
Business taxes and levies 682,976.52 -110,129.03
General and administrative expenses 7,399,796.70 10,414,424.12
Financial expenses 30,726,821.98 28,996,224.57
Impairment loss of assets 0.00 115,139.98
Add: Investment income -13,806,276.23 8,143,627.57
Including: Income from investments in associates
-13,806,276.23 8,064,577.57
and joint ventures
II. Operating profit -35,470,647.68 -16,367,931.74
Add: Non-operating income 3,566.32 385,092.23
Including: Gains from disposal of non-current assets 0.00 33,495.15
Less: Non-operating expenses 11,333.32 1,298,674.73
Including: Losses from disposal of non-current assets 0.00 1,297,373.40
III. Gross profit -35,478,414.68 -17,281,514.24
Less: Income tax expenses 0.00 -6,335,482.34
IV. Net profit -35,478,414.68 -10,946,031.90
V. Other comprehensive income
VI. Total comprehensive income -35,478,414.68 -10,946,031.90
VII. Earnings per share:
(I) Basic earnings per share Not applicable Not applicable
(II) Diluted earnings per share Not applicable Not applicable
5.Income Statements
Consolidated Currency: RMB
Items Current Period Same Period Last Year
I. Total operating income 548,680,875.95 500,605,402.69
Including: Operating income 548,680,875.95 500,605,402.69
II. Total operating costs 525,930,210.53 469,833,519.93
Including: Operating costs 240,524,279.96 218,435,775.07
Business taxes and levies 46,478,086.89 26,916,452.48
Selling expenses 493,807.64 933,957.61
General and administrative expenses 90,193,867.84 91,117,899.48
Financial expenses 148,246,936.09 132,385,858.80
Impairment losses of assets -6,767.89 43,576.49
Add: Investment income 2,787,457.45 23,106,021.85
Including: Income from investments in associates and joint ventures 2,787,457.45 21,822,744.32
III. Operating profit 25,538,122.87 53,877,904.61
Add: Non-operating income 4,067,923.30 4,891,700.81
Including: Gains from disposal of non-current assets 143,576.73 61,272.80
Less: Non-operating expenses 419,948.22 2,200,471.00
13
Including: Losses from disposal of non-current assets 8,357.97 1,335,476.83
IV. Gross profit 29,186,097.95 56,569,134.42
Less: Income tax expenses 26,945,711.72 16,600,279.63
V. Net profit 2,240,386.23 39,968,854.79
Net profit attributable to owners of the Company -11,169,385.54 24,429,054.96
Profit or loss attributable to minority shareholders 13,409,771.77 15,539,799.83
VI. Post-tax net value of other comprehensive income 0.00
Post-tax net value of other comprehensive income attributable to
0.00
owners of the Company
Including: Translation differences arising on translation of financial
0.00
statements denominated in foreign currencies
Post-tax net value of other comprehensive income attributable to
0.00
minority shareholders
VII. Total comprehensive income: 2,240,386.23 39,968,854.79
Total comprehensive income attributable to owners of the Company -11,169,385.54 24,429,054.96
Total comprehensive income attributable to minority shareholders 13,409,771.77 15,539,799.83
VIII. Earnings per share:
(I) Basic earnings per share
-0.05 0.11
(II) Diluted earnings per share Not applicable Not applicable
6.Income Statements
Parent company Currency: RMB
Items Current Period Same Period Last Year
I. Operating income 109,329,125.54 106,902,523.44
Less: Operating costs 63,250,314.41 68,683,282.45
Business taxes and levies 2,037,114.18 1,556,544.84
General and administrative expenses 22,561,017.66 28,405,086.38
Financial expenses 80,880,630.10 73,951,437.00
Impairment loss of assets 80,014.45
Add: Investment income 3,221,569.16 23,106,021.85
Including: Income from investments in associates and joint ventures 3,221,569.16 21,822,744.32
II. Operating profit -56,178,381.65 -42,667,819.83
Add: Non-operating income 191,010.34 411,217.25
Including: Gains from disposal of non-current assets 66,896.90 33,495.15
Less: Non-operating expenses 16,078.90 1,416,462.29
Including: Losses from disposal of non-current assets 1,843.85 1,298,373.40
III. Gross profit -56,003,450.21 -43,673,064.87
Less: Income tax expenses -16,204,444.94
IV. Net profit -56,003,450.21 -27,468,619.93
V. Other comprehensive income
VI. Total comprehensive income -56,003,450.21 -27,468,619.93
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
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
565,489,984.82 524,956,851.97
Refund of tax and levies
52,705.99 989,803.75
Other cash receipts relating to operating activities
31,026,778.59 25,350,394.30
Sub-total of cash inflows from operating activities
596,569,469.40 551,297,050.02
Cash payments for goods purchased and services received
101,987,778.36 103,347,618.78
Cash payments to and on behalf of employees
78,644,345.77 72,868,326.06
Payments of various taxes
110,404,200.48 93,904,500.08
Other cash payments relating to operating activities
39,011,705.14 33,213,230.32
Sub-total of cash outflows from operating activities
330,048,029.75 303,333,675.24
Net Cash Flows from Operating Activities
266,521,439.65 247,963,374.78
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 126,535.00 84,062.00
Other cash receipts relating to investing activities
19,298,524.80 282,669,400.00
Sub-total of cash inflows from investing activities
19,425,059.80 295,662,260.55
Cash payments to acquire or construct fixed assets, intangible
assets and other long-term assets 589,230,197.34 1,378,769,375.08
Cash payments to acquire investments
2,000,000.00
Net cash outflows of procurement of subsidiaries and other
business units 254,466,925.21
Other cash payments relating to investing activities
49,160.50 54,229,624.80
Sub-total of cash outflows from investing activities
591,279,357.84 1,687,465,925.09
Net Cash Flows from Investing Activities
-571,854,298.04 -1,391,803,664.54
III. Cash Flows from Financing Activities:
- -
Cash receipts from capital contributions
498,080,000.00
Cash receipts from borrowings
1,084,000,000.00 1,014,570,000.00
Other cash receipts relating to financing activities
1,654,000,000.00 764,000,000.00
Sub-total of cash inflows from financing activities
2,738,000,000.00 2,276,650,000.00
Cash repayments of borrowings
1,015,355,000.00 209,110,000.00
Cash payments for distribution of dividends or profits or
settlement of interest expenses 116,384,827.36 58,301,680.37
Other cash payments relating to financing activities
1,192,751,550.71 737,921,183.14
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Sub-total of cash outflows from financing activities
2,324,491,378.07 1,005,332,863.51
Net Cash Flows from Financing Activities
413,508,621.93 1,271,317,136.49
IV. Effect of Foreign Exchange Rate Changes on Cash and
Cash Equivalents -1,810.69 -9,392.50
V. Net Increase(Decrease)in Cash and Cash Equivalents
108,173,952.85 127,467,454.23
Add: Opening balance of Cash and Cash Equivalents
524,609,097.58 321,121,926.73
VI. Closing Balance of Cash and Cash Equivalents
632,783,050.43 448,589,380.96
8.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
104,645,872.99 104,018,577.54
Refund of tax and levies
985,094.24
Other cash receipts relating to operating activities
6,807,789.81 6,001,790.86
Sub-total of cash inflows from operating activities
111,453,662.80 111,005,462.64
Cash payments for goods purchased and services received
29,558,163.34 38,773,666.50
Cash payments to and on behalf of employees
29,509,063.58 38,624,704.71
Payments of various taxes
6,748,529.33 8,207,001.92
Other cash payments relating to operating activities
5,789,305.11 15,006,793.86
Sub-total of cash outflows from operating activities
71,605,061.36 100,612,166.99
Net Cash Flows from Operating Activities
39,848,601.44 10,393,295.65
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 55,000.00 1,012.00
Other cash receipts relating to investing activities
285,900,087.45 484,414,620.00
Sub-total of cash inflows from investing activities
285,955,087.45 497,324,430.55
Cash payments to acquire or construct fixed assets, intangible
assets and other long-term assets 12,038,148.45 3,686,825.50
Cash paid to acquire investments
31,419,500.00 307,676,564.58
Other cash payments relating to investing activities
919,832.93 139,040,903.63
Sub-total of cash outflows from investing activities
44,377,481.38 450,404,293.71
Net Cash Flows from Investing Activities
241,577,606.07 46,920,136.84
III. Cash Flows from Financing Activities:
- -
Cash receipts from borrowings
340,000,000.00 650,000,000.00
Other cash receipts relating to financing activities
1,127,816,999.97 428,216,926.37
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Sub-total of cash inflows from financing activities
1,467,816,999.97 1,078,216,926.37
Cash repayments of borrowings
951,800,000.00 201,200,000.00
Cash payments for distribution of dividends or profits or
settlement of interest expenses 66,332,597.85 42,465,652.80
Other cash payments relating to financing activities
716,053,170.39 894,082,165.32
Sub-total of cash outflows from financing activities
1,734,185,768.24 1,137,747,818.12
Net Cash Flows from Financing Activities
-266,368,768.27 -59,530,891.75
IV. Effect of Foreign Exchange Rate Changes on Cash and
Cash Equivalents -9,392.50
V．Net Increase(Decrease) in Cash and Cash Equivalents
15,057,439.24 -2,226,851.76
Add: Opening balance of Cash and Cash Equivalents
14,320,382.62 28,808,779.96
VI. Closing Balance of Cash and Cash Equivalents
29,377,821.86 26,581,928.20
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II. Audit Report
Audit Opinion
The third quarterly report is unaudited.
Board of Directors
Shenzhen Chiwan Petroleum Supply Base Co., Ltd.
October 31, 2017
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