Report for the Third Quarter of 2013 of Shenzhen International Enterprise Co., Ltd.
Shenzhen International Enterprise Co., Ltd.
Report for the Third Quarter of 2013
Oct. 2013
1
Report for the Third Quarter of 2013 of Shenzhen International Enterprise Co., Ltd.
Section I. Important Reminders
The Board of Directors, the Supervisory Committee as well as all directors, supervisors and senior
management staff of Shenzhen International Enterprise Co., Ltd. (hereinafter referred to as “the
Company”) warrant that this report is factual, accurate and complete without any false record,
misleading statement or material omission. And they shall be jointly and severally liable for that.
All directors attended the board session for reviewing this report.
Zheng Kanghao, company principal, Chen Xiaohai, chief of the accounting work, and Xu Xiaoyun,
chief of the accounting organ (chief of accounting), hereby confirm that the financial statements
enclosed in this report are factual, accurate and complete.
This report is prepared in both Chinese and English. Should there be any discrepancy between the
two versions, the Chinese version shall prevail.
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Report for the Third Quarter of 2013 of Shenzhen International Enterprise Co., Ltd.
Section II. Financial Highlights & Change of Shareholders
I. Major accounting data and financial indexes
Does the Company adjust retrospectively or restate accounting data of previous years due to change of the
accounting policy or correction of any accounting error?
□ Yes √ No
30 Sept. 2013 31 Dec. 2012 Increase/decrease (%)
Total assets (RMB Yuan) 7,823,337,572.99 2,006,481,401.06 289.9%
Net assets attributable to
shareholders of the Company 2,339,858,202.29 -83,888,096.19 --
(RMB Yuan)
YoY increase/decrease YoY increase/decrease
Jul.-Sept. 2013 Jan.-Sept. 2013
(%) (%)
Operating revenues (RMB Yuan) 4,741,202.27 -81.24% 17,050,219.72 -71.2%
Net profit attributable to
shareholders of the Company 2,463,282,915.41 -- 2,423,746,298.48 --
(RMB Yuan)
Net profit attributable to
shareholders of the Company after
-17,527,041.26 -- -51,941,032.93 --
extraordinary gains and losses
(RMB Yuan)
Net cash flows from operating
-- -- -333,860,594.69 127.41%
activities (RMB Yuan)
Basic EPS (RMB Yuan/share) 11.15 -- 10.97 --
Diluted EPS (RMB Yuan/share) 11.15 -- 10.97 --
Weighted average ROE (%) 222.27% -- 214.88% --
Items and amounts of extraordinary gains and losses
√Applicable □Inapplicable
Unit: RMB Yuan
Item Amount as of Jan.-Sept. 2013 Note
Gains/losses on the disposal of non-current assets (including the Mainly is the disposal of old
-15,962.13
offset part of asset impairment provisions) fixed assets.
Gain/loss on change of the fair
Gain/loss on change of the fair value of investing real estate of
value of WONGTEE PLAZA
which the subsequent measurement is carried out adopting the fair 5,512,866,905.80
which is carried out adopting the
value method
fair value method.
Other non-operating income and expenses other than the above -5,493,227.77 Mainly is the penalty provision
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Report for the Third Quarter of 2013 of Shenzhen International Enterprise Co., Ltd.
and so on.
Less: Income tax effects 1,378,216,726.45
Minority interests effects (after tax) 1,653,453,658.04
Total 2,475,687,331.41 --
Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in
the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the
Public—Extraordinary Gains and Losses, or classifies any extraordinary gain/loss item mentioned in the said
explanatory announcement as a recurrent gain/loss item
□ Applicable √ Inapplicable
II. Total number of shareholders at the period-end and shares held by the top ten
shareholders
Unit: share
Total number of shareholders at the
12,367
period-end
Shares held by the top ten shareholders
Number of the Pledged or frozen shares
Name of Nature of Shareholding Number of the
restricted shares
shareholder shareholder percentage (%) shares held Status of shares Number of shares
held
MULTI PROFIT
ASIA PACIFIC Foreign
13.7% 30,264,192 0 Pledged 30,000,000
INVESTMENT corporation
LTD
BOCI
Foreign
SECURITIES 4.9% 10,825,901 0
corporation
LIMITED
SHENZHEN
SPECIAL
ECONOMIC
State-owned
ZONE 4.23% 9,334,662 0
corporation
DEVELOPMEN
T (GROUP) CO.,
LTD.
SHENZHEN
WONGTEE Domestic
REAL ESTATE non-state-owned 4.2% 9,280,644 0 Pledged 6,570,000
INVESTMENT corporation
CO., LTD.
ZHONG Foreign natural
3.72% 8,215,594 0
ZHIQIANG person
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Report for the Third Quarter of 2013 of Shenzhen International Enterprise Co., Ltd.
Domestic natural
CHEN SHU 0.97% 2,149,327 0
person
Domestic natural
ZENG HAIXING 0.97% 2,148,715 0
person
GUOTAI
JUNAN
Foreign
SECURITIES(H 0.84% 1,856,818 0
corporation
ONGKONG)LIM
ITED
GUOYUAN
Foreign
SECURITIES 0.81% 1,792,004 0
corporation
(HK) CO., LTD.
CHEN Domestic natural
0.73% 1,602,641 0
SHAOYUAN person
Shares held by the top ten non-restricted share holders
Type of shares
Name of shareholder Number of non-restricted shares held
Type Number
Domestically
MULTI PROFIT ASIA PACIFIC
30,264,192 listed foreign 30,264,192
INVESTMENT LTD
shares
Domestically
BOCI SECURITIES LIMITED 10,825,901 listed foreign 10,825,901
shares
SHENZHEN SPECIAL
ECONOMIC ZONE RMB ordinary
9,334,662 9,334,662
DEVELOPMENT (GROUP) CO., share
LTD.
SHENZHEN WONGTEE REAL RMB ordinary
9,280,644 9,280,644
ESTATE INVESTMENT CO., LTD. share
Domestically
ZHONG ZHIQIANG 8,215,594 listed foreign 8,215,594
shares
Domestically
CHEN SHU 2,149,327 listed foreign 2,149,327
shares
Domestically
ZENG HAIXING 2,148,715 listed foreign 2,148,715
shares
GUOTAI JUNAN Domestically
1,856,818 1,856,818
SECURITIES(HONGKONG)LIMI listed foreign
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Report for the Third Quarter of 2013 of Shenzhen International Enterprise Co., Ltd.
TED shares
Domestically
GUOYUAN SECURITIES (HK)
1,792,004 listed foreign 1,792,004
CO., LTD.
shares
RMB ordinary
CHEN SHAOYUAN 1,602,641 1,602,641
share
Inquired by the Company, Mr. Zheng Kanghao, 百 Multi Profit Asia Pacific, Shenzhen
Wongtee Real Estate Investment Co., Ltd. and Wongtee International Group Co., Ltd. were
persons acting in concert, which owns the stocks of the Company with the total amount of
Explanation on associated
44,180,202 shares, accounting for 6.4098% of the total shares of the Company. Of which,
relationship or persons acting in
actual controlling holder of Wongtee International, Mr. Zheng Kanghao, holds 4,063,855
concert among the above-mentioned
shares of B shares through BOCI SECURITIES LIMITED. Zhong Zhiqiang, Chen Shu, Zeng
shareholders
Haixing, Tan Guanqiang and Zhao Chongyue are persons acting in concert. Other than that, it
is unknown whether there were other related relations or action-in-concert regulated in
Administrative Measures for Takeover of Listed Companies among the above shareholders.
Did any shareholder of the Company carry out an agreed buy-back in the reporting period?
□ Yes √ No
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Report for the Third Quarter of 2013 of Shenzhen International Enterprise Co., Ltd.
Section III. Significant Events
I. Major changes of main accounting statement items and financial indicators in the reporting
period, as well as reasons for the changes
Increase/decrease
Assets 30 Sept. 2013 31 Dec. 2012 Reason for the change
(%)
Monetary funds 18,052,827.81 8,984,230.37 101% Bank loans lending
Prepayments 616,936.20 21,980,809.00 Wongte Plaza completed and carry-over
-97% costs.
Other receivables 21,896,337.99 34,101,722.17 -36% Recovered the come-and-go money
62,478,566.74 1,864,814,808.18 After Wongtee Plaza Project completed,
transferred into investing real estate of which
Inventory
the subsequent measurement is carried out
-97% adopting the fair value method.
7,648,262,646.28 6,238,300.00 Investment real estate under
Investment real construction--Wongtee Plaza completed,
estate 122502% carried out subsequent measurement by
adopting the fair value method.
Accounts 10,410,798.49 4,190,788.58 Received the rents of Wongtee Plaza in
received in advance.
advance 148%
Other payables 404,957,014.25 178,598,323.40 127% Mainly is the borrowings payable increased.
Non-current 1,296,870,000.00 8,000,000.00 Mainly are the loans of China Jiantou Trust
liabilities due transferred into non-current liabilities within
within one year 16111% one year.
Long-term 620,000,000.00 1,695,020,000.00 Mainly are the loans of China Jiantou Trust
borrowings transferred into non-current liabilities within
-63% one year.
1,380,267,671.42 2,043,547.43 After Wongtee Plaza Project completed,
Deferred income carried out subsequent measurement by
tax liabilities adopting the fair value method and the
67443% confirmed deferred income tax liabilities.
17,050,219.72 59,194,124.89 Due to the unsold real estate in the reporting
Operating income
-71% period.
14,155,356.93 61,090,311.01 Due to the unsold real estate in the reporting
Operating costs
-77% period.
Business taxes 554,545.66 4,143,935.07 -87% Due to the unsold real estate in the reporting
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Report for the Third Quarter of 2013 of Shenzhen International Enterprise Co., Ltd.
and surtaxes period.
8,488,265.87 22,978,028.99 The advertising fees of Wongtee Plaza
Selling expenses
-63% decreased in the reporting period.
Administration 40,928,089.34 31,026,673.34 The increased staffs and expenses for the
expenses 32% opening of Wongtee Plaza.
Financial 40,643,804.12 8,697,936.20 Due to the loans increased, which led the
expenses 367% expenditure interests increased.
-120,446.79 1,962,127.61 The bad debts provision and the provision for
Assets
inventory obsolescence decreased in the
impairment loss
-106% reporting period.
Gains on the 5,512,866,905.80 -149,546.00
Gains and losses of fair value by adopting the
changes in the fair
fair value method of Wongtee Plaza.
value -3686502%
Investment 103,081,609.13 Investment real estate such as the not-diposed
income -100% equity in the reporting period.
Non-business 5,530,365.74 1,965,249.41 Withdrawal and the penalty payable of Foh
expenses 181% Chong & Sons.
1,378,224,124.00 -32,931.63 After Wongtee Plaza Project completed,
Income tax carried out subsequent measurement by
expenses adopting the fair value method and the
-4185208% confirmed income tax expenses.
II. Progress and influence of significant events, as well as the analysis and explanation on
solutions
1. About non-standard audit opinion
Due to the shop subscription of Wongtee Plaza by the Company’s internal staffs, and the problems about the sustainable operating
capability of the Company, the accounting firm of 2012 had issued an audit report with emphasis of matters, which was unqualified.
The board of the directors of the Company disposed the changes of the involving matters and their handling situation is as follows:
(1) Questions regarding shop subscription: Because the matter had lasted for years since happened, parts of the subscripted staffs had
left the Company, which need time to communicate; and the Company had filed a lawsuit against those staffs on the matter. Although
some cases had the final judgment of second instance, the relevant litigation had not ended, and thus the accounting firm issued the
audit report with emphasis of matters of 2012.
Shops of staffs are classified as the Company’s historical problems, which will be positively processed by the Board. The Company
had come to an agreement with 11 subscribers, while 24 of the rest of them had not reach the agreement because of the amount of
compensation etc; recently there are still some shops matters ongoing litigation, and the Company will response actively to the
contentious matters(see the following significant litigation form for details)
(2) Questions regarding sustainable operating capability of the Company:
The Company will take various measures to improve the sustainable operating capability, among which will firstly promote actively
of the finishing work and so on of the Wongtee Plaza, for the sooner opening as well as the creation of the cash flow, which will ease
the financial tensions for the Company; Secondly, the Company will search actively for various methods of financing, in order to the
provide financial support for the Company; thirdly, to reduce the financing costs of the Company and to improve the debt structure;
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Report for the Third Quarter of 2013 of Shenzhen International Enterprise Co., Ltd.
to estimate, after the comprehensive opening of the project, the Company will adopt the commercial property business loans to
displace all the borrowings and will reduce the financing costs as well as to expand the loan term; lastly, the president—Mr. Zheng
Kanghao and the company under his control will provide financial support for the Company.
2. Progress of Wongtee Plaza
Within the reporting period, the refined decoration of the whole five floors of the public places of Wongtee Plaza had completely
finished, and had dealt with the handover procedures to the Company in the third quarter of 2013. Up to 30 Sep. 2013, the
enterprise-establishing of all the floors of Wongtee Plaza amounts the areas of the confirmed commercial tenant (including the signed
contacts, the letters of intent and the agreements subjected to sign etc.) of about 79.42% of the lettable area of Wongtee Plaza.
Recently the Company is carrying out the organization of the inside decoration for the commercial tenants as well as the previous
preparation of the opening. It is estimated that Wongtee Plaza will open up officially in Dec. 2013.
3. Significant litigation
Index to the relevant announcement
Overview of the significant event Date of disclosure
disclosed on the website
The case on equity transfer dispute 5 Aug. 2011 2011-32
between Malaysia Foh Chong & Sons
7 Apr. 2012 2012-14
SDN.BHD. and the Company: received a
Judgment Letter for the first instance from
Shenzhen Intermediate People’s Court at
the end of Mar. 2012, sentencing the
Company to pay the principal of RMB
20.6 million, interest and overdue penalty
within ten days from the effective date (the
interests will take 20.6 million as cardinal
number, and will count from 1 Jun. 2001 to
31 Dec. 2009 by the lending rate of the
same period according to People’s Bank
of China; the overdue penalty will count
from 1 Jan. 2010 to the date of payment by
the verdict bases on the standard of three 21 Nov. 2012 2012-67
ten thousandths per day, which take the
total amount of the payables as cardinal
number ). If the Company had not fulfilled
the obligation of paying money according
to the verdict within the specified period,
should double pay the debt interests during
the delayed performing period by rules.
The court costs amounted to RMB
227,188.23 was burden by the defendant.
After that, the Company instituted an
appeal to Guangdong Higher People’s
Court against the case. On 19 Nov. 2012,
the Company received the written letter of
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Report for the Third Quarter of 2013 of Shenzhen International Enterprise Co., Ltd.
second instance from Guangdong Higher
People’s Court, with the result of the
judgment: Dismissed the appeal and
upheld the original verdict. The court costs
of the case of second instance was of RMB
227,188.23 and was burden by the
Company. After negotiation, the Company
will pay the case payments by monthly
installment.
The case on damages dispute between 12 Dec. 2012 2012-68
Shenzhen Rongfa Investment Co., Ltd. and 10 Apr. 2013 2013-07
Shenzhen Yahaoyuan Investment Co.,
Ltd.: Previously the written letter of
second instance of the case on equity
transfer contract dispute between Shenzhen
Rongfa Investment Co., Ltd. and Shenzhen
Yahaoyuan Investment Co., Ltd.
confirmed that: the land parcel advocated
by the Company attributes to the land that
stipulated by the equity transfer agreement,
which covers an area of 40 thousand
square meters, is also the land that should
be stripped of. But because of the invalid
of the clause, the court considered that the
Company should solve the problem
through other legal methods. So in Mar.
2013, the Company instituted legal 24 Aug. 2013 2013-30
proceedings to Longgang Court, requesting
that the court should announce that
Yahaoyuan Investment Co., Ltd. make a
discount compensation to Rongfa
Investment Co., Ltd. on the corresponding
amounts about the land parcel in Longgang
Pingdi and all the other relevant losses, and
the case was in the first trial stage. In Aug.
2013, the third party of the above
cases—EASTERN had instituted legal
proceedings to Longgang Court on the case
of possessions returned dispute against
Rongfa Investment Co., Ltd., and the court
judged that the case and the cases above
have joint trial.
The case on shop subscription from staffs:
5 Jul. 2012 2012-44
For solving the shop internal pre-sale of
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Report for the Third Quarter of 2013 of Shenzhen International Enterprise Co., Ltd.
Wongtee Plaza from staffs, Rongfa
Company successively received the
litigation documents related to the case in
which other 7 people (including Yang XX,
etc.) sued Rongfa Company regarding the
event of internal subscription of shops.
They were the charging documents such as
notice of respondence to action, notice of
proof and so on from Shenzhen Futian
People’s Court. They required the court to
decree Rongfa Company to deliver shops
to the plaintiffs immediately and undertake
the lawsuit charge. On 29 Mar. 2013, the
Company received the written judgment of
first instance on shop subscription from
staffs, which of the case that 3 people
including Zhou XX, Sun XX appealed to
Rongfa Company, with the result of
judgment, read that: (1) The Paper of
Internal Subscription signed by the
plaintiff and defendants for Shops in IA
Mall is legal and effective; (2) The
fulfillment of subscription paper signed by
the plaintiff and defendants should be
terminated; (3) Other claims from the
plaintiff are rejected; (4) Other
counterclaims from the defendants are
rejected. The Company had instituted an
appeal, which had received written order
of second instance in Sep. 2013, with the
result: Dismissed the appeal and upheld the
original verdict.
In May and Jul. of 2013, the Company had
respectively received the written judgment
of first instance from 4 people including
Zhang XX, Zheng XX, Li X and Yang XX:
Rejected both the plaintiffs and the
defendant's request. The Company was not
accepted and instituted an appeal and the
series of case was in the second trial phase.
Rongfa Company received charging
documents such as notice of respondence
5 Sep. 2012 2012-53
to action, notice of proof and so on from
Shenzhen Futian People’s Court of
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Report for the Third Quarter of 2013 of Shenzhen International Enterprise Co., Ltd.
the above 7 people including Yang XX and
3 people including Hu XX, who sued
Rongfa Company and Urban Planning,
Land and Resources Commission of
Shenzhen Municipality for other claim
regarding the internal shop subscription
issue, for the construction land use right
transfer contract disputes. The overview of
the claims: (1) announce that the Provision
1 “The transfer must be made as a whole
and the real estate ownership certificate
shall not be handled separately.” In the
First Supplementary Agreement to the
Shenzhen Land Use Right Transfer
Contract “Shen-Di-He-Zi (2002) No.
9005” signed between the two defendants
is invalid; (2) judged that the defendant
burden the court costs of the case. The case
held the court in Apr. but had not reach the
outcome of the trial.
III. Commitments made by the Company or shareholders holding over 5% of the Company’s
shares in the reporting period or such commitments carried down into the reporting period
Commitment Time of making Period of
Commitment Contents Fulfillment
maker commitment commitment
Commitments made in a share reform
The obligor for
information
disclosure shall
not reduce the
shares of Multi
Profit Asia
Pacific
Strictly fulfill
Commitments made in an acquisition Investment Ltd.
Zheng Kanghao 6 Aug. 2010 60 months the
report or a report on equity changes Held the obligor
commitments
from this
acquisition or
reduce the
shares of SZIEC
indirectly held
by the obligor
from this
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Report for the Third Quarter of 2013 of Shenzhen International Enterprise Co., Ltd.
acquisition
within the future
60 months.
Commitments made in asset reorganization
Commitments made in the first public
offering or refinancing.
Based on the
confidant of the
future
development of
the Company,
the president of
the
Company—Mr.
Zheng Kanghao
and his
controlling
shareholding,
intended that
they will Had completed
continue to the committed
During the
choose the overweight pe
implementation
chances to rcentage and st
Mr. Zheng period of the
overweight the rictly fulfill the
Other commitments made to minority Kanghao and his successive
stocks of the 19 Dec. 2012 rules of the la
shareholders controlling overweight plan
Company in ws and regulati
shareholding as well as during
future 12 ons that not to
the statutory
months of the reduce the sto
period.
percentage of cks of the Co
overweight not mpany.
less than 3% of
the issued stocks
of the Company
(including the
overweighed
stocks of the
reporting
period). Zheng
Kanghao and his
controlling
shareholding
made the
commitment
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Report for the Third Quarter of 2013 of Shenzhen International Enterprise Co., Ltd.
that they will
not reduce the
holdings of the
shares of the
Company during
the
implementation
period of the
successive
overweight plan
as well as during
the statutory
period.
Executed in time or not? Yes
Detailed reason for failing to execute and
Inapplicable
the plan for the next step (If any)
IV. Predict the 2013 annual operating results
Warnings of possible loss or large-margin change of the accumulated net profit made during the period from the
beginning of the year to the end of the next reporting period compared with the same period of the last year
according to prediction, as well as explanations on the reasons
□Applicable √Inapplicable
V. Securities investment
Naught
Shareholdings in other listed companies
√Applicable □Inapplicable
VI. Investments in derivatives
Naught
VII. Researches, visits and interviews received in the reporting period
Naught
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Report for the Third Quarter of 2013 of Shenzhen International Enterprise Co., Ltd.
Section IV. Financial Statements
I. Financial statements
1. Consolidated balance sheet
Prepared by Shenzhen International Enterprise Co., Ltd.
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 18,052,827.81 8,984,230.37
Settlement reserves
Intra-group lendings
Transactional financial assets
Notes receivable
Accounts receivable 374,962.37 324,962.37
Accounts paid in advance 616,936.20 21,980,809.00
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract
reserves
Interest receivable
Dividend receivable
Other accounts receivable 21,896,337.99 34,101,722.17
Financial assets purchased under
agreements to resell
Inventories 62,478,566.74 1,864,814,808.18
Non-current assets due within 1 year
Other current assets 6,887,222.23 1,800,000.00
Total current assets 110,306,853.34 1,932,006,532.09
Non-current assets:
Loans by mandate and advances
granted
Available-for-sale financial assets
Held-to-maturity investments
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Report for the Third Quarter of 2013 of Shenzhen International Enterprise Co., Ltd.
Long-term accounts receivable
Long-term equity investment
Investing property 7,648,262,646.28 6,238,300.00
Fixed assets 62,350,693.34 65,262,255.13
Construction in progress
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 554,555.58 565,902.15
R&D expense
Goodwill
Long-term deferred expenses 1,862,824.45 2,408,411.69
Deferred income tax assets
Other non-current assets
Total of non-current assets 7,713,030,719.65 74,474,868.97
Total assets 7,823,337,572.99 2,006,481,401.06
Current liabilities:
Short-term borrowings 25,000,000.00
Borrowings from Central Bank
Customer bank deposits and due to
banks and other financial institutions
Intra-group borrowings
Transactional financial liabilities
Notes payable
Accounts payable 354,346,389.24 404,535,837.49
Accounts received in advance 10,410,798.49 4,190,788.58
Financial assets sold for repurchase
Handling charges and commissions
payable
Employee’s compensation payable 4,163,344.97 5,033,022.05
Tax payable 11,703,287.00 11,976,149.78
Interest payable 4,528,333.33 4,660,944.44
Dividend payable 5,127,701.36 5,127,701.36
Other accounts payable 404,957,014.25 178,598,323.40
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Report for the Third Quarter of 2013 of Shenzhen International Enterprise Co., Ltd.
Reinsurance premiums payable
Insurance contract reserves
Payables for acting trading of
securities
Payables for acting underwriting of
securities
Non-current liabilities due within 1
1,296,870,000.00 8,000,000.00
year
Other current liabilities
Total current liabilities 2,117,106,868.64 622,122,767.10
Non-current liabilities:
Long-term borrowings 620,000,000.00 1,695,020,000.00
Bonds payable
Long-term payables
Specific payables
Estimated liabilities 69,460,136.30 92,326,386.39
Deferred income tax liabilities 1,380,267,671.42 2,043,547.43
Other non-current liabilities
Total non-current liabilities 2,069,727,807.72 1,789,389,933.82
Total liabilities 4,186,834,676.36 2,411,512,700.92
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 220,901,184.00 220,901,184.00
Capital reserves 68,488,133.00 68,488,133.00
Less: Treasury stock
Specific reserves
Surplus reserves 125,929,834.48 125,929,834.48
Provisions for general risks
Retained profits 1,924,539,050.81 -499,207,247.67
Foreign exchange difference
Total equity attributable to owners of
2,339,858,202.29 -83,888,096.19
the Company
Minority interests 1,296,644,694.34 -321,143,203.67
Total owners’ (or shareholders’) equity 3,636,502,896.63 -405,031,299.86
Total liabilities and owners’ (or
7,823,337,572.99 2,006,481,401.06
shareholders’) equity
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Report for the Third Quarter of 2013 of Shenzhen International Enterprise Co., Ltd.
Legal representative: Zheng Kanghao Person-in-charge of the accounting work: Chen Xiaohai
Chief of the accounting division: Xu Xiaoyun
2. Balance sheet of the Company
Prepared by Shenzhen International Enterprise Co., Ltd.
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 151,769.56 126,929.23
Transactional financial assets
Notes receivable
Accounts receivable
Accounts paid in advance
Interest receivable
Dividend receivable
Other accounts receivable 94,166,595.65 139,321,765.33
Inventories
Non-current assets due within 1 year
Other current assets
Total current assets 94,318,365.21 139,448,694.56
Non-current assets:
Available-for-sale financial assets
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 40,896,718.10 40,896,718.10
Investing property 4,436,432.00 4,436,432.00
Fixed assets 6,880,416.37 7,554,765.70
Construction in progress
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 469,333.34 469,333.34
R&D expense
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Report for the Third Quarter of 2013 of Shenzhen International Enterprise Co., Ltd.
Goodwill
Long-term deferred expenses
Deferred income tax assets
Other non-current assets
Total of non-current assets 52,682,899.81 53,357,249.14
Total assets 147,001,265.02 192,805,943.70
Current liabilities:
Short-term borrowings
Transactional financial liabilities
Notes payable
Accounts payable
Accounts received in advance 50,000.00 50,000.00
Employee’s compensation payable 2,020,737.01 2,003,075.48
Tax payable 9,776,868.48 10,136,380.67
Interest payable
Dividend payable 5,127,701.36 5,127,701.36
Other accounts payable 42,412,119.60 64,688,827.29
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 59,387,426.45 82,005,984.80
Non-current liabilities:
Long-term borrowings
Bonds payable
Long-term payables
Specific payables
Estimated liabilities 21,898,728.03
Deferred income tax liabilities 1,667,869.94 1,667,869.94
Other non-current liabilities
Total non-current liabilities 1,667,869.94 23,566,597.97
Total liabilities 61,055,296.39 105,572,582.77
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 220,901,184.00 220,901,184.00
Capital reserves 64,951,444.59 64,951,444.59
19
Report for the Third Quarter of 2013 of Shenzhen International Enterprise Co., Ltd.
Less: Treasury stock
Specific reserves
Surplus reserves 96,841,026.39 96,841,026.39
Provisions for general risks
Retained profits -296,747,686.35 -295,460,294.05
Foreign exchange difference
Total owners’ (or shareholders’) equity 85,945,968.63 87,233,360.93
Total liabilities and owners’ (or
147,001,265.02 192,805,943.70
shareholders’) equity
Legal representative: Zheng Kanghao Person-in-charge of the accounting work: Chen Xiaohai
Chief of the accounting division: Xu Xiaoyun
3. Consolidated income statement for the reporting period
Prepared by Shenzhen International Enterprise Co., Ltd.
Unit: RMB Yuan
Item Jul.-Sept. 2013 Jul.-Sept. 2012
I. Total operating revenues 4,741,202.27 25,266,800.06
Including: Sales income 4,741,202.27 25,266,800.06
II. Total operating cost 34,084,537.01 55,048,118.94
Including: Cost of sales 4,450,654.72 27,144,379.58
Taxes and associate charges -416,230.50 2,283,932.67
Selling and distribution expenses 2,740,060.40 11,375,676.20
Administrative expenses 14,432,012.70 12,693,348.70
Financial expenses 12,998,486.48 -166,133.45
Asset impairment loss -120,446.79 1,716,915.24
Add: Gain/(loss) from change in fair
5,512,866,905.80
value (“-” means loss)
III. Business profit (“-” means loss) 5,483,523,571.06 -29,781,318.88
Add: non-operating income 7,700.84 23,027.30
Less: non-operating expense -24,094.48 1,078,312.88
IV. Total profit (“-” means loss) 5,483,555,366.38 -30,836,604.46
Less: Income tax expense 1,378,216,726.45
V. Net profit (“-” means loss) 4,105,338,639.93 -30,836,604.46
Attributable to owners of the 2,463,282,915.41 -19,194,570.59
20
Report for the Third Quarter of 2013 of Shenzhen International Enterprise Co., Ltd.
Company
Minority shareholders’ income 1,642,055,724.52 -11,642,033.87
VI. Earnings per share -- --
(I) Basic earnings per share 11.15 -0.09
(II) Diluted earnings per share 11.15 -0.09
VII. Total comprehensive incomes 4,105,338,639.93 -30,836,604.46
Attributable to owners of the
2,463,282,915.41 -19,194,570.59
Company
Attributable to minority
1,642,055,724.52 -11,642,033.87
shareholders
Legal representative: Zheng Kanghao Person-in-charge of the accounting work: Chen Xiaohai
Chief of the accounting division: Xu Xiaoyun
4. Income statement of the Company for the reporting period
Prepared by Shenzhen International Enterprise Co., Ltd.
Unit: RMB Yuan
Item Jul.-Sept. 2013 Jul.-Sept. 2012
I. Total sales 12,000.00 12,000.00
Less: cost of sales 0.00 0.00
Business taxes and surcharges 448.80 673.20
Administrative expenses 6,457,165.68 5,417,731.99
Financial costs -6,368,866.65 -6,489,761.93
II. Business profit (“-” means loss) -76,747.83 1,083,356.74
Less: non-business expense 4,000.00
III. Total profit (“-” means loss) -76,747.83 1,079,356.74
IV. Net profit (“-” means loss) -76,747.83 1,079,356.74
V. Earnings per share -- --
(I) Basic earnings per share 0 0
(II) Diluted earnings per share 0 0
VI. Total comprehensive income -76,747.83 1,079,356.74
Legal representative: Zheng Kanghao Person-in-charge of the accounting work: Chen Xiaohai
Chief of the accounting division: Xu Xiaoyun
21
Report for the Third Quarter of 2013 of Shenzhen International Enterprise Co., Ltd.
5. Consolidated income statement for Jan.-Sept. 2013
Prepared by Shenzhen International Enterprise Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2013 Jan.-Sept. 2012
I. Total operating revenues 17,050,219.72 59,194,124.89
Including: Sales income 17,050,219.72 59,194,124.89
Interest income
Premium income
Handling charge and
commission income
II. Total operating cost 104,649,615.13 129,899,012.22
Including: Cost of sales 14,155,356.93 61,090,311.01
Interest expenses
Handling charge and
commission expenses
Surrenders
Net claims paid
Net amount withdrawn for the
insurance contract reserve
Expenditure on policy dividends
Reinsurance premium
Taxes and associate charges 554,545.66 4,143,935.07
Selling and distribution expenses 8,488,265.87 22,978,028.99
Administrative expenses 40,928,089.34 31,026,673.34
Financial expenses 40,643,804.12 8,697,936.20
Asset impairment loss -120,446.79 1,962,127.61
Add: Gain/(loss) from change in fair
5,512,866,905.80 -149,546.00
value (“-” means loss)
Gain/(loss) from investment (“-”
103,081,609.13
means loss)
Including: share of profits in associates
and joint ventures
Foreign exchange gains (“-” means
loss)
III. Business profit (“-” means loss) 5,425,267,510.39 32,227,175.80
22
Report for the Third Quarter of 2013 of Shenzhen International Enterprise Co., Ltd.
Add: non-operating income 21,175.84 1,503,561.88
Less: non-operating expense 5,530,365.74 1,965,249.41
Including: loss from non-current asset
877,995.93
disposal
IV. Total profit (“-” means loss) 5,419,758,320.49 31,765,488.27
Less: Income tax expense 1,378,224,124.00 -32,931.63
V. Net profit (“-” means loss) 4,041,534,196.49 31,798,419.90
Including: Net profit achieved by
combined parties before the
combinations
Attributable to owners of the
2,423,746,298.48 48,469,187.55
Company
Minority shareholders’ income 1,617,787,898.01 -16,670,767.65
VI. Earnings per share -- --
(I) Basic earnings per share 10.97 0.22
(II) Diluted earnings per share 10.97 0.22
Ⅶ. Other comprehensive incomes
Ⅷ. Total comprehensive incomes 4,041,534,196.49 31,798,419.90
Attributable to owners of the
2,423,746,298.48 48,469,187.55
Company
Attributable to minority
1,617,787,898.01 -16,670,767.65
shareholders
Legal representative: Zheng Kanghao Person-in-charge of the accounting work: Chen Xiaohai
Chief of the accounting division: Xu Xiaoyun
6. Income statement of the Company for Jan.-Sept. 2013
Prepared by Shenzhen International Enterprise Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2013 Jan.-Sept. 2012
I. Total sales 45,600.00 45,600.00
Less: cost of sales 0.00 0.00
Business taxes and surcharges 2,333.76 2,558.16
Distribution expenses
Administrative expenses 18,342,703.94 14,641,148.10
23
Report for the Third Quarter of 2013 of Shenzhen International Enterprise Co., Ltd.
Financial costs -19,573,366.40 -19,023,092.32
Impairment loss 1,962,127.61
Add: gain/(loss) from change in fair
-144,215.00
value (“-” means loss)
Gain/(loss) from investment (“-” means
75,000,000.00
loss)
Including: income form investment on
associates and joint ventures
II. Business profit (“-” means loss) 1,273,928.70 77,318,643.45
Add: non-business income
Less: non-business expense 2,561,321.00 881,995.93
Including: loss from non-current asset
disposal
III. Total profit (“-” means loss) -1,287,392.30 76,436,647.52
Less: income tax expense -33,448.27
IV. Net profit (“-” means loss) -1,287,392.30 76,470,095.79
V. Earnings per share -- --
(I) Basic earnings per share -0.01 0.35
(II) Diluted earnings per share -0.01 0.35
VI. Other comprehensive income
VII. Total comprehensive income -1,287,392.30 76,470,095.79
Legal representative: Zheng Kanghao Person-in-charge of the accounting work: Chen Xiaohai
Chief of the accounting division: Xu Xiaoyun
7. Consolidated cash flow statement for Jan.-Sept. 2013
Prepared by Shenzhen International Enterprise Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2013 Jan.-Sept. 2012
I. Cash flows from operating activities:
Cash received from sale of
20,164,167.11 50,111,973.81
commodities and rendering of service
Net increase of deposits from
customers and dues from banks
Net increase of loans from the central
bank
24
Report for the Third Quarter of 2013 of Shenzhen International Enterprise Co., Ltd.
Net increase of funds borrowed from
other financial institutions
Cash received from premium of
original insurance contracts
Net cash received from reinsurance
business
Net increase of deposits of policy
holders and investment fund
Net increase of disposal of tradable
financial assets
Cash received from interest, handling
charges and commissions
Net increase of intra-group
borrowings
Net increase of funds in repurchase
business
Tax refunds received
Other cash received relating to
33,671,432.58 105,161,078.20
operating activities
Subtotal of cash inflows from operating
53,835,599.69 155,273,052.01
activities
Cash paid for goods and services 268,324,126.58 131,981,878.43
Net increase of customer lendings
and advances
Net increase of funds deposited in the
central bank and amount due from
banks
Cash for paying claims of the original
insurance contracts
Cash for paying interest, handling
charges and commissions
Cash for paying policy dividends
Cash paid to and for employees 34,000,095.42 37,158,993.91
Various taxes paid 3,315,778.71 5,622,296.30
Other cash payment relating to
82,056,193.67 127,317,438.22
operating activities
Subtotal of cash outflows from
387,696,194.38 302,080,606.86
operating activities
25
Report for the Third Quarter of 2013 of Shenzhen International Enterprise Co., Ltd.
Net cash flows from operating activities -333,860,594.69 -146,807,554.85
II. Cash flows from investing activities:
Cash received from withdrawal of
investments
Cash received from return on
investments
Net cash received from disposal of
fixed assets, intangible assets and other
long-term assets
Net cash received from disposal of
549,989.00 109,000,000.00
subsidiaries or other business units
Other cash received relating to
investing activities
Subtotal of cash inflows from
549,989.00 109,000,000.00
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 10,688.00 740,004.02
assets
Cash paid for investment
Net increase of pledged loans
Net cash paid to acquire subsidiaries
and other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from
10,688.00 740,004.02
investing activities
Net cash flows from investing activities 539,301.00 108,259,995.98
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Including: Cash received from
minority shareholder investments by
subsidiaries
Cash received from borrowings 2,327,150,000.00 1,200,000,000.00
Cash received from issuance of
bonds
Other cash received relating to
26
Report for the Third Quarter of 2013 of Shenzhen International Enterprise Co., Ltd.
financing activities
Subtotal of cash inflows from financing
2,327,150,000.00 1,200,000,000.00
activities
Repayment of borrowings 1,851,500,000.00 1,030,920,000.00
Cash paid for interest expenses and
125,729,279.41 100,006,885.61
distribution of dividends or profit
Including: dividends or profit paid
by subsidiaries to minority shareholders
Other cash payments relating to
7,542,000.00 7,775,166.67
financing activities
Sub-total of cash outflows from
1,984,771,279.41 1,138,702,052.28
financing activities
Net cash flows from financing activities 342,378,720.59 61,297,947.72
IV. Effect of foreign exchange rate
-401.40 -3,045.65
changes on cash and cash equivalents
V. Net increase in cash and cash
9,057,025.50 22,747,343.20
equivalents
Add: Opening balance of cash and
4,644,946.98 19,989,682.85
cash equivalents
VI. Closing balance of cash and cash
13,701,972.48 42,737,026.05
equivalents
Legal representative: Zheng Kanghao Person-in-charge of the accounting work: Chen Xiaohai
Chief of the accounting division: Xu Xiaoyun
8. Cash flow statement of the Company for Jan.-Sept. 2013
Prepared by Shenzhen International Enterprise Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2013 Jan.-Sept. 2012
I. Cash flows from operating activities:
Cash received from sale of
commodities and rendering of service
Tax refunds received
Other cash received relating to
48,437,041.08 39,621,458.58
operating activities
Subtotal of cash inflows from operating
48,437,041.08 39,621,458.58
activities
27
Report for the Third Quarter of 2013 of Shenzhen International Enterprise Co., Ltd.
Cash paid for goods and services
Cash paid to and for employees 11,145,945.05 10,038,057.78
Various taxes paid 506,160.07 1,470,228.21
Other cash payment relating to
36,749,013.77 109,582,079.66
operating activities
Subtotal of cash outflows from
48,401,118.89 121,090,365.65
operating activities
Net cash flows from operating activities 35,922.19 -81,468,907.07
II. Cash flows from investing activities:
Cash received from retraction of
investments
Cash received from return on
investments
Net cash received from disposal of
fixed assets, intangible assets and other
long-term assets
Net cash received from disposal of
82,000,000.00
subsidiaries or other business units
Other cash received relating to
investing activities
Subtotal of cash inflows from
82,000,000.00
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 10,688.00 60,512.50
assets
Cash paid for investment
Net cash paid to acquire subsidiaries
and other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from
10,688.00 60,512.50
investing activities
Net cash flows from investing activities -10,688.00 81,939,487.50
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Cash received from borrowings
28
Report for the Third Quarter of 2013 of Shenzhen International Enterprise Co., Ltd.
Cash received from issuance of
bonds
Other cash received relating to
financing activities
Subtotal of cash inflows from financing
activities
Repayment of borrowings
Cash paid for interest expenses and
distribution of dividends or profit
Other cash payments relating to
financing activities
Sub-total of cash outflows from
financing activities
Net cash flows from financing activities
IV. Effect of foreign exchange rate
-393.86
changes on cash and cash equivalents
V. Net increase in cash and cash
24,840.33 470,580.43
equivalents
Add: Opening balance of cash and
126,929.23 119,729.05
cash equivalents
VI. Closing balance of cash and cash
151,769.56 590,309.48
equivalents
Legal representative: Zheng Kanghao Person-in-charge of the accounting work: Chen Xiaohai
Chief of the accounting division: Xu Xiaoyun
II. Audit report
Is this report audited?
□ Yes √ No
29