Report for the First Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
Shenzhen International Enterprise Co., Ltd.
Report for the First Quarter of 2014
Apr. 2014
1
Report for the First Quarter of 2014 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, chairman of the Board and the 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 First Quarter of 2014 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
Jan.-Mar. 2014 Jan.-Mar. 2013 YoY increase/decrease (%)
Operating revenues (RMB Yuan) 19,087,924.37 7,674,875.64 148.71%
Net profit attributable to shareholders of
-38,325,384.06 -18,963,664.06
the Company (RMB Yuan)
Net profit attributable to shareholders of
the Company after extraordinary gains and -36,183,154.65 -18,944,164.97
losses (RMB Yuan)
Net cash flows from operating activities
-241,465,725.86 -54,479,886.26
(RMB Yuan)
Basic EPS (RMB Yuan/share) -0.17 -0.09
Diluted EPS (RMB Yuan/share) -0.17 -0.09
31 Mar. 2014 31 Dec. 2013 Increase/decrease (%)
Total assets (RMB Yuan) 9,053,896,739.98 7,803,283,696.00 16.03%
Net assets attributable to shareholders of
2,198,483,470.00 2,236,808,854.06
the Company (RMB Yuan)
Items and amounts of extraordinary gains and losses
√Applicable □Inapplicable
Unit: RMB Yuan
Item Amount as of Jan.-Mar. 2014 Note
Gains/losses on the disposal of non-current assets (including the Disposal of the losses of the fixed
-19,611.85
offset part of asset impairment provisions) assets
Mainly were the liquidated da
Other non-operating income and expenses other than the above -3,550,389.74 mages of the deferred engineer
ing payment
Minority interests effects (after tax) -1,427,772.18
Total -2,142,229.41 --
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
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Report for the First Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
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
18,076
period-end
Shares held by the top ten shareholders
Number of the Pledged or frozen shares
Nature of Shareholding Number of the
Name of shareholder restricted shares Number of
shareholder percentage (%) shares held Status of shares
held shares
MULTI PROFIT
Foreign
ASIA PACIFIC 13.7% 30,264,192 Pledged 30,260,000
corporation
INVESTMENT LTD
SHENZHEN
WONGTEE REAL Domestic
ESTATE non-state-owned 5.07% 11,208,453 Pledged 11,199,175
INVESTMENT corporation
CO., LTD.
SHENZHEN
SPECIAL
ECONOMIC ZONE State-owned
3.96% 8,755,650
DEVELOPMENT corporation
(GROUP) CO.,
LTD.
Foreign natural
Zhong Zhiqiang 3.72% 8,215,594
person
BOCI SECURITIES Foreign
3.05% 6,744,046
LIMITED corporation
WONGTEE INTER
Foreign
NATIONAL GROU 1.84% 4,063,855 Pledged 3,477,750
corporation
P LTD
Appointed
repurchased special
Other 1% 2,200,000
account of Guoyuan
Securities Co., Ltd.
Domestic natural
Chen Shu 0.97% 2,149,327
person
Domestic natural
Zeng Haixing 0.97% 2,148,715
person
Shanghai Wanguo Foreign 0.84% 1,856,818
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Report for the First Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
Securities (Hong corporation
Kong)
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
SHENZHEN WONGTEE REAL RMB ordinary
11,208,453 11,208,453
ESTATE INVESTMENT CO., LTD. share
SHENZHEN SPECIAL ECONOMIC
RMB ordinary
ZONE DEVELOPMENT (GROUP) 8,755,650 8,755,650
share
CO., LTD.
Domestically
Zhong Zhiqiang 8,215,594 listed foreign 8,215,594
shares
Domestically
BOCI SECURITIES LIMITED 6,744,046 listed foreign 6,744,046
shares
Domestically
WONGTEE INTERNATIONAL GR
4,063,855 listed foreign 4,063,855
OUP LTD
shares
Appointed repurchased special account RMB ordinary
2,200,000 2,200,000
of Guoyuan Securities Co., Ltd. share
Domestically
Chen Shu 2,149,327 listed foreign 2,149,327
shares
Domestically
Zeng Haixing 2,148,715 listed foreign 2,148,715
shares
Domestically
Shanghai Wanguo Securities (Hong
1,856,818 listed foreign 1,856,818
Kong)
shares
Inquired by the Company, the chairman of the Board of the Company--Mr. Zheng
Kanghao, Multi Profit Asia Pacific, Shenzhen Wongtee Real Estate Investment Co., Ltd.
Explanation on associated relationship and Wongtee International Group Co., Ltd. were persons acting in concert, which owns the
or persons acting in concert among the stocks of the Company with the total amount of 46,108,011 shares, accounting for 20.87%
above-mentioned shareholders of the total shares of the Company. Zhong Zhiqiang, Chen Shu, Zeng Haixing, Tan
Guanqiang and Zhao Chongyue are persons acting in concert and up to 31 Mar. 2014, they
total held 14,045,873 shares of the B share, which accounted for 6.358% of the share
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Report for the First Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
capital of the Company. 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.
Top 10 Shareholders taking part in
margin financing and securities lending Naught
(if any
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 First Quarter of 2014 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
Statement item 31 Mar. 2014 31 Dec. 2013 Ratio of change Reasons for change
Monetary
9,357,753.34 Bank borrowings obtained
funds 1,223,167,537.99
As Wongtee Plaza was opened for
Accounts
2,291,658.84 474.99% business, the receivable shop rents,
receivable 13,176,728.55
management charges, etc. increased.
The Company prepaid the shop
Prepayments
33,484,643.00 714,670.23 decoration subsidies.
The construction payment was made as
Accounts
350,937,897.87 -62.28% the construction of Wongtee Plaza was
payable 132,362,166.88
completed.
Borrowings increased for routine
Other payables 571,826,282.57 45.24%
830,520,836.39 operation.
Non-current
liabilities due 93,710,000.00 The Company secured a borrowing
22,000,000.00
within 1 year 183.26% from Western Trust to exchange the
Long-term borrowing from China Zhongtou Trust.
600,000,000.00
borrowings 1,943,000,000.00
Jan.-Mar. 2014 Jan.-Mar. 2013 Ratio of change
The incomes (shop rents, management
Operating
7,674,875.64 148.71% charges, etc.) from Wongtee Plaza
revenues 19,087,924.37
increased.
As Wongtee Plaza was completed,
Financial
13,178,533.62 347.60% capitalization of the relevant financial
expenses 58,987,484.64
expenses stopped.
Net cash flows The construction payment was made as
from operating -54,479,886.26 343.22% the construction of Wongtee Plaza was
-241,465,725.86
activities completed.
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Report for the First Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
II. Progress and influence of significant events, as well as the analysis and explanation on
solutions
Index to the relevant announcement
Overview of the significant event Date of disclosure
disclosed on the website
The Company reviewed and approved the http://www.cninfo.com.cn/finalpage/2014-
15 Apr. 2014
Proposal on Planning to Agree Rongfa 03-15/63679421.PDF
Company to Borrow From the Bank and the
Proposal on Planning to Agree Rongfa
Company to Borrow From the Institutions
on the 1st Extraordinary General Meeting of
2014. During the reporting period, Rongfa
Company had signed the relevant contracts
of the loans with Agricultural Bank of China
Co., Ltd. with the total amount of borrowing
of RMB 1.2 billion; and had signed the
http://www.cninfo.com.cn/finalpage/2014-
relevant contracts of the loans with Western 15 Mar. 2014
04-15/63839288.PDF
Trust Co., Ltd. with the total amount of
borrowing of RMB 1.2 billion. Up to the
disclosure date, the Company had received
the account of RMB 0.87 billion from the
Agricultural Bank of China and RMB 1.2
billion from the Western Trust Co., Ltd and
at the same time completed the relevant
work of the borrowings replacement with
the China Zhongtou Trust.
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
Strictly fulfill
Commitments made in an acquisition shares of Multi
Zheng Kanghao 6 Aug. 2010 60 months the
report or a report on equity changes Profit Asia
commitments
Pacific
Investment Ltd.
Held the obligor
from this
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Report for the First Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
acquisition or
reduce the
shares of SZIEC
indirectly held
by the obligor
from this
acquisition
within the future
60 months.
Commitments made in asset reorganization
Commitments made in the first public
offering or refinancing.
Other commitments made to minority
shareholders
Executed in time or not? Yes
Detailed reason for failing to execute and
Naught
the plan for the next step (If any)
IV. Predict the 2014 annual operating results of Jan.-Jun.
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
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Report for the First Quarter of 2014 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 1,223,167,537.99 9,357,753.34
Settlement reserves
Intra-group lendings
Transactional financial assets
Notes receivable
Accounts receivable 13,176,728.55 2,291,658.84
Accounts paid in advance 33,484,643.00 714,670.23
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract
reserves
Interest receivable
Dividend receivable
Other accounts receivable 12,263,580.54 12,022,195.79
Financial assets purchased under
agreements to resell
Inventories 43,203,778.11 43,338,585.36
Non-current assets due within 1 year
Other current assets 433,000.00
Total current assets 1,325,729,268.19 67,724,863.56
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 First Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
Long-term accounts receivable
Long-term equity investment
Investing property 7,652,624,300.00 7,652,624,300.00
Fixed assets 61,083,253.01 61,787,209.01
Construction in progress 1,742,560.00 1,742,560.00
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 569,595.31 608,765.01
R&D expense
Goodwill
Long-term deferred expenses 1,576,530.47 8,224,765.42
Deferred income tax assets
Other non-current assets 10,571,233.00 10,571,233.00
Total of non-current assets 7,728,167,471.79 7,735,558,832.44
Total assets 9,053,896,739.98 7,803,283,696.00
Current liabilities:
Short-term borrowings 1,234,380,000.00 1,225,000,000.00
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 132,362,166.88 350,937,897.87
Accounts received in advance 7,106,339.09 5,828,277.16
Financial assets sold for repurchase
Handling charges and commissions
payable
Employee’s compensation payable 3,246,510.47 11,129,805.44
Tax payable 14,592,806.36 14,436,756.94
Interest payable 6,770,557.78 4,933,133.33
Dividend payable 5,127,701.36 5,127,701.36
Other accounts payable 830,520,836.39 571,826,282.57
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Report for the First Quarter of 2014 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
22,000,000.00 93,710,000.00
year
Other current liabilities
Total current liabilities 2,256,106,918.33 2,282,929,854.67
Non-current liabilities:
Long-term borrowings 1,943,000,000.00 600,000,000.00
Bonds payable
Long-term payables
Specific payables
Estimated liabilities 86,178,751.25 86,491,251.25
Deferred income tax liabilities 1,365,552,731.65 1,365,552,731.65
Other non-current liabilities
Total non-current liabilities 3,394,731,482.90 2,052,043,982.90
Total liabilities 5,650,838,401.23 4,334,973,837.57
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 1,783,164,318.52 1,821,489,702.58
Foreign exchange difference
Total equity attributable to owners of
2,198,483,470.00 2,236,808,854.06
the Company
Minority interests 1,204,574,868.75 1,231,501,004.37
Total owners’ (or shareholders’) equity 3,403,058,338.75 3,468,309,858.43
Total liabilities and owners’ (or
9,053,896,739.98 7,803,283,696.00
shareholders’) equity
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Report for the First Quarter of 2014 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 889,397.53 1,199,483.66
Transactional financial assets
Notes receivable
Accounts receivable
Accounts paid in advance
Interest receivable
Dividend receivable
Other accounts receivable 74,923,650.37 85,620,482.59
Inventories
Non-current assets due within 1 year
Other current assets
Total current assets 75,813,047.90 86,819,966.25
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 4,972,400.00 4,972,400.00
Fixed assets 6,448,134.06 6,663,175.93
Construction in progress
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 309,333.34 341,333.34
R&D expense
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Report for the First Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
Goodwill
Long-term deferred expenses
Deferred income tax assets
Other non-current assets
Total of non-current assets 52,626,585.50 52,873,627.37
Total assets 128,439,633.40 139,693,593.62
Current liabilities:
Short-term borrowings
Transactional financial liabilities
Notes payable
Accounts payable
Accounts received in advance 40,000.00 50,000.00
Employee’s compensation payable 1,936,877.22 4,308,690.42
Tax payable 11,090,671.63 11,086,303.87
Interest payable
Dividend payable 5,127,701.36 5,127,701.36
Other accounts payable 22,968,035.51 33,790,864.47
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 41,163,285.72 54,363,560.12
Non-current liabilities:
Long-term borrowings
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities 1,799,954.57 1,799,954.57
Other non-current liabilities
Total non-current liabilities 1,799,954.57 1,799,954.57
Total liabilities 42,963,240.29 56,163,514.69
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
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Report for the First Quarter of 2014 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 -297,217,261.87 -299,163,576.05
Foreign exchange difference
Total owners’ (or shareholders’) equity 85,476,393.11 83,530,078.93
Total liabilities and owners’ (or
128,439,633.40 139,693,593.62
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
Prepared by Shenzhen International Enterprise Co., Ltd.
Unit: RMB Yuan
Item Jan.-Mar. 2014 Jan.-Mar. 2013
I. Total operating revenues 19,087,924.37 7,674,875.64
Including: Sales income 19,087,924.37 7,674,875.64
Interest income
Premium income
Handling charge and
commission income
II. Total operating cost 80,769,442.46 38,610,195.23
Including: Cost of sales 8,162,781.58 6,467,050.56
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 987,004.35 189,347.87
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Report for the First Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
Selling and distribution expenses 2,021,999.24 3,189,492.81
Administrative expenses 10,660,679.40 15,585,770.37
Financial expenses 58,987,484.64 13,178,533.62
Asset impairment loss -50,506.75
Add: Gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-”
means loss)
Including: share of profits in
associates and joint ventures
Foreign exchange gains (“-”
means loss)
III. Business profit (“-” means loss) -61,681,518.09 -30,935,319.59
Add: non-operating income 658.32 13,375.00
Less: non-operating expense 3,570,659.91 35,546.00
Including: loss from
non-current asset disposal
IV. Total profit (“-” means loss) -65,251,519.68 -30,957,490.59
Less: Income tax expense
V. Net profit (“-” means loss) -65,251,519.68 -30,957,490.59
Including: Net profit achieved by
combined parties before the
combinations
Attributable to owners of the
-38,325,384.06 -18,963,664.06
Company
Minority shareholders’ income -26,926,135.62 -11,993,826.53
VI. Earnings per share -- --
(I) Basic earnings per share -0.17 -0.09
(II) Diluted earnings per share -0.17 -0.09
VII. Other comprehensive incomes
VIII. Total comprehensive incomes -65,251,519.68 -30,957,490.59
Attributable to owners of the
-38,325,384.06 -18,963,664.06
Company
Attributable to minority
-26,926,135.62 -11,993,826.53
shareholders
Legal representative: Zheng Kanghao Person-in-charge of the accounting work: Chen Xiaohai
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Report for the First Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
Chief of the accounting division: Xu Xiaoyun
4. Income statement of the Company
Prepared by Shenzhen International Enterprise Co., Ltd.
Unit: RMB Yuan
Item Jan.-Mar. 2014 Jan.-Mar. 2013
I. Total sales 25,600.00 12,000.00
Less: cost of sales 0.00 0.00
Business taxes and surcharges 673.20
Distribution expenses
Administrative expenses 4,015,399.93 7,347,840.76
Financial costs -5,936,114.11 -6,635,524.18
Impairment loss
Add: gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-”
means loss)
Including: income form
investment on associates and joint
ventures
II. Business profit (“-” means loss) 1,946,314.18 -700,989.78
Add: non-business income
Less: non-business expense 11,180.00
Including: loss from non-current
asset disposal
III. Total profit (“-” means loss) 1,946,314.18 -712,169.78
Less: income tax expense
IV. Net profit (“-” means loss) 1,946,314.18 -712,169.78
V. Earnings per share -- --
(I) Basic earnings per share 0.0088 -0.0032
(II) Diluted earnings per share 0.0088 -0.0032
VI. Other comprehensive income
VII. Total comprehensive income 1,946,314.18 -712,169.78
Legal representative: Zheng Kanghao Person-in-charge of the accounting work: Chen Xiaohai
Chief of the accounting division: Xu Xiaoyun
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Report for the First Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
5. Consolidate cash flow statement
Prepared by Shenzhen International Enterprise Co., Ltd.
Unit: RMB Yuan
Item Jan.-Mar. 2014 Jan.-Mar. 2013
I. Cash flows from operating activities:
Cash received from sale of
8,524,545.02 7,928,385.65
commodities and rendering of service
Net increase of deposits from
customers and dues from banks
Net increase of loans from the central
bank
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
9,993,071.81 4,372,315.80
operating activities
Subtotal of cash inflows from operating
18,517,616.83 12,300,701.45
activities
Cash paid for goods and services 216,776,656.94 24,673,026.00
Net increase of customer lendings
and advances
Net increase of funds deposited in the
central bank and amount due from
banks
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Report for the First Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
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 15,765,099.03 12,982,587.37
Various taxes paid 2,217,460.09 1,212,919.30
Other cash payment relating to
25,224,126.63 27,912,055.04
operating activities
Subtotal of cash outflows from
259,983,342.69 66,780,587.71
operating activities
Net cash flows from operating activities -241,465,725.86 -54,479,886.26
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
subsidiaries or other business units
Other cash received relating to
investing activities
Subtotal of cash inflows from
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 30,114,209.42
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
30,114,209.42
investing activities
Net cash flows from investing activities -30,114,209.42
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Report for the First Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Including: Cash received from
minority shareholder investments by
subsidiaries
Cash received from borrowings 2,278,160,000.00 105,250,000.00
Cash received from issuance of
bonds
Other cash received relating to
financing activities
Subtotal of cash inflows from financing
2,278,160,000.00 105,250,000.00
activities
Repayment of borrowings 755,710,000.00 12,320,000.00
Cash paid for interest expenses and
47,017,924.98 40,272,182.75
distribution of dividends or profit
Including: dividends or profit paid
by subsidiaries to minority shareholders
Other cash payments relating to
financing activities
Sub-total of cash outflows from
802,727,924.98 52,592,182.75
financing activities
Net cash flows from financing activities 1,475,432,075.02 52,657,817.25
IV. Effect of foreign exchange rate
147.30 -0.10
changes on cash and cash equivalents
V. Net increase in cash and cash
1,203,852,287.04 -1,822,069.11
equivalents
Add: Opening balance of cash and
4,965,463.67 4,644,946.98
cash equivalents
VI. Closing balance of cash and cash
1,208,817,750.71 2,822,877.87
equivalents
Legal representative: Zheng Kanghao Person-in-charge of the accounting work: Chen Xiaohai
Chief of the accounting division: Xu Xiaoyun
6. Cash flow statement of the Company
Prepared by Shenzhen International Enterprise Co., Ltd.
20
Report for the First Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
Unit: RMB Yuan
Item Jan.-Mar. 2014 Jan.-Mar. 2013
I. Cash flows from operating activities:
Cash received from sale of
13,600.00 2,000.00
commodities and rendering of service
Tax refunds received
Other cash received relating to
33,202,038.82 11,887,357.89
operating activities
Subtotal of cash inflows from operating
33,215,638.82 11,889,357.89
activities
Cash paid for goods and services
Cash paid to and for employees 5,047,532.14 5,834,180.98
Various taxes paid 318,508.05 56,166.22
Other cash payment relating to
28,159,829.49 5,960,349.19
operating activities
Subtotal of cash outflows from
33,525,869.68 11,850,696.39
operating activities
Net cash flows from operating activities -310,230.86 38,661.50
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
subsidiaries or other business units
Other cash received relating to
investing activities
Subtotal of cash inflows from
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term
assets
Cash paid for investment
Net cash paid to acquire subsidiaries
and other business units
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Report for the First Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
Other cash payments relating to
investing activities
Subtotal of cash outflows from
investing activities
Net cash flows from investing activities
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Cash received from borrowings
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
144.73
changes on cash and cash equivalents
V. Net increase in cash and cash
-310,086.13 38,661.50
equivalents
Add: Opening balance of cash and
1,199,483.66 126,929.23
cash equivalents
VI. Closing balance of cash and cash
889,397.53 165,590.73
equivalents
Legal representative: Zheng Kanghao Person-in-charge of the accounting work: Chen Xiaohai
Chief of the accounting division: Xu Xiaoyun
22
Report for the First Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
II. Audit report
Is this report audited?
□ Yes √ No
This report is not audited.
23