承德南江股份有限公司 2016 年年度报告摘要
Stock Code: 200160 Short Form of the Stock: Nanjiang B Public Notice No.: 2017-028
Chengde Nanjiang Co., Ltd.
Summary of Annual Report 2016
I. Important Notice
The summary is abstract from full-text of annual report, for more details of operating results, financial condition and future
development plan of the Company; investors should found in the full-text of annual report that published on media appointed by
CSRC.
Objection statement of directors, supervisors and senior executives
Name Position Content and reason
Statement
Other directors attending the Meeting for annual report deliberation except for the followed
Name of director absent Title for absent director Reasons for absent Attorney
Prompt of non-standard audit opinion
□ Applicable √ Not applicable
Profit distribution pre-plan of common stock or capitalizing of common reserves pre-plan deliberated by the Board in the reporting
period
□ Applicable √ Not applicable
The Company has no plan of cash dividends carried out, bonus issued and capitalizing of common reserves either.
Profit distribution pre-plan of preferred stock deliberated and approved by the Board in the reporting period
□ Applicable √ Not applicable
II. Company information
1. Company Profile
Short form of the stock Nanjiang-B Stock code 200160
Stock exchange for listing Shenzhen Stock Exchange
Person/Way to contact Secretary of the Board Rep. of security affairs
Name Li Wenying Wang Haijian
XiaBanCheng Town, Chengde County, XiaBanCheng Town, Chengde County, Hebei
Office add.
Hebei Province Province
Fax. 0314-3111475 0314-3111475
Tel. 0314-3115048 0314-3115048
E-mail liwy@dftechgroup.com wanghj@dftechgroup.com
2 Main business or product introduction in the reporting period
During the reporting period, the company's main business was real estate development, business model was the development and sales
of commercial housing, business scope was mainly located in Chengde region. The main products of the company's real estate business
included residential and commercial housing, currently Nanjiang Huijing Tiandi project is for sale .
In 2016, the real estate industry adopted the destocking policy at the beginning of the year and the successively introduced regulatory
policies to hot cities at the second half of the year, and experienced the process from general loose to local continuous tightening.
During the reporting period, influenced by the national strategy of Beijing-Tianjin-Hebei integration, the volume and price of real
1
承德南江股份有限公司 2016 年年度报告摘要
estate market in areas around Beijing rose, showing a promising prospect for profits. The construction of Beijing-Shenyang
high-speed rail made Chengde enter into the “capital one hour economic circle”, and brought a new wave of heat to the local real
estate. In the future, the company shall make use of this development opportunity to actively expand business areas, continuously
improve service quality, build high-end boutique residential housing, and improve market competitiveness.
3. Main accounting data and financial indexes
(1) Main accounting data and financial indexes for recently three years
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting
error correction or not
□Yes √ No
In RMB
2016 2015 Changes over last year 2014
Operating income 367,898,631.53 141,221,936.00 160.51% 322,502,631.63
Net profit attributable to
3,760,806.51 58,872,707.12 -93.61% 80,280,395.81
shareholders of the listed company
Net profit attributable to
shareholders of the listed company
553,720.92 -31,171,146.45 101.78% 3,121,357.84
after deducting non-recurring gains
and losses
Net cash flow arising from
54,484,351.33 19,812,057.85 175.01% -134,329,924.08
operating activities
Basic earnings per share
0.01 0.08 -87.50% 0.11
(RMB/Share)
Diluted earnings per share
0.01 0.08 -87.50% 0.11
(RMB/Share)
Weighted average ROE 1.06% 18.43% -17.37% 32.13%
Changes over end of
End of 2016 End of 2015 End of 2014
last year
Total assets 626,756,827.34 854,793,263.22 -26.68% 642,501,296.47
Net assets attributable to
359,826,450.98 352,256,123.56 2.15% 289,982,016.44
shareholder of listed company
(2) Quarterly main financial index
In RMB
First quarter Second quarter Third quarter Fourth quarter
Operating income 46,379,194.49 145,035,287.25 103,804,200.47 72,679,949.32
Net profit attributable to
1,078,731.20 723,138.74 2,454,508.79 -495,572.22
shareholders of the listed company
Net profit attributable to 1,147,902.15 924,846.14 2,520,155.95 -4,039,183.32
2
承德南江股份有限公司 2016 年年度报告摘要
shareholders of the listed company
after deducting non-recurring gains
and losses
Net cash flow arising from
30,707,074.03 46,147,909.94 3,894,432.69 -26,265,065.33
operating activities
Whether there are significant differences between the above-mentioned financial index or its total number and the relevant financial
index disclosed in the company’s quarterly report and semi-annual report
□Yes √ No
4. Shares and shareholders
1. Particulars about common stock shareholders, preference shareholders with voting rights recovered and
top ten shareholders
In Share
Total
preferenc
Total e Total preference
common sharehold shareholders with
Total common stock
stock ers with voting rights
shareholders at end of
shareholder 19,555 19,555 voting 0 recovered at end of 0
last month before
s in rights last month before
annual report disclosed
reporting recovered annual report
period-end at end of disclosed
reporting
period
Top ten shareholders
Amount of shares Number of share
Full name of Nature of Proportion of Amount of non-tradable pledged/frozen
Shareholders shareholder shares held held shares held
State of share Amount
Domestic
Wang Dong 29.49% 208,324,800 208,324,800 Frozen 208,324,800
natural person
China Everbright
Overseas legal
Securities (HK) 13.28% 93,833,093 0
person
Limited
GUOTAI JUNAN
Overseas legal
SECURITIES(HON 6.87% 48,524,062 0
person
GKONG) LIMITED
Chengde North Domestic
Industrial non-state-owned 2.62% 18,517,651 18,517,651
Corporation legal person
Domestic
Wang Zhengsong 1.89% 13,327,891 13,327,891
natural person
Domestic
Wang Wensheng 1.03% 7,258,007 0
natural person
Domestic
Zhou Haihong 0.95% 6,708,495 0
natural person
Domestic
Li Tianyun 0.73% 5,158,000 0
natural person
Shanghai H.K. Overseas legal
0.71% 4,995,920 0
Wangguo Securities person
Domestic
Chen Yan 0.57% 4,023,256 0
natural person
The Company is unknown whether there exists associated relationship or belongs to
Explanation on associated relationship
consistent actor regulated by “management method for acquisition of listed company”
among the aforesaid shareholders
among the above said shareholders.
3
承德南江股份有限公司 2016 年年度报告摘要
Explanation on involving margin
N/A
business (if applicable)
(2) Total preferred stock shareholders of the Company and shares held by top ten shareholders with
preferred stock held
□ Applicable √ Not applicable
The Company had no shareholders with preferred stock held in the reporting.
(3) Property right and controlling relationships between the actual controllers of the Company and the
Company is as follows:
Wang Dong
29.49%
CHENGDE NANJIANG CO., LTD.
5. Corporate bonds
Whether the company has corporate bonds that have been publicly issued and listed on the stock exchange, and not yet due or due but
not fully cashed on the approval date of annual report
No
III. Discussion and analysis by the Management Team
1. Introduction of operation in the reporting period
Whether the company needs to comply with the disclosure requirements of the particular industry
Yes
Real estate industry
The Company is comply with the disclosure requirement of “Information Disclosure Guidelines of Shenzhen Stock Exchange
No.3-engaged in real estate business for the listed companies”
In 2016, the real estate market was like the rising wind and scudding clouds, and experienced a few ups and downs of “overall rise,
local overheating, regulation and upgrading, rapid cooling”. Since the central government put forward the “three remove one reduce
one supplement”, the governments in many places successively introduced the policies such as reducing the down-payment
proportion of the first-time house purchase, adjusting the house-purchase tax, reducing the bank's benchmark interest rate, etc.,
influenced by the continuous slack policy of currency and industry and centralized release of improvement demands, both the volume
and price of real estate market rose and reached a record high. But with the rapid rise in housing price and land price in hot cities, the
policy differentiation became further apparent. On the one hand, the regulatory policies in hot cities continued to tighten, the limitation
on purchase and loan and the regulatory measures increased frequently so as to restrain the investment and speculative demand and
prevent the market risks; on the other hand, the third- and fourth-tier cities still adhered to the destocking policy, the regional
differentiation intensified, industry concentration further improved, and the market differentiation became more obvious.
During the reporting period, influenced by the “Beijing-Tianjin-Hebei synergetic development”, the value of real estate in areas
around Beijing highlighted. In 2016, with the steady promotion of “Beijing-Tianjin-Hebei traffic integration and medical integration”,
some cities around Beijing and Hebei ushered in a round of significant rise in housing price, and the local limitations on purchase and
loan was also successively introduced. With the saturation of city carrying capacity in Beijing, the continuously high housing prices
and strict limitations on purchase and loan, some rigid demand and investment demand shall continue to overflow to areas around
Beijing. At the same time, with decentralization to non-capital core functions of Beijing, the areas around Beijing need to undertake
the progressively increasing industrial functions, and the real estate market in areas around Beijing shall still become the main
objective to the decentralized industrial people, rigid demand customers and investors, and the overall market prospects are
4
承德南江股份有限公司 2016 年年度报告摘要
promising.
During the reporting period, benefited by the national strategy of “Beijing-Tianjin-Hebei integration” and the construction of
Beijing-Shenyang high-speed rail, the real estate of Chengde ushered in a wave of rapid rise, the company clutched the market
opportunities to comprehensively speed up the sales of Nanjiang Huijing Tianadi project, and achieved good sales performance. At
the same time, the company still actively promoted the strategy transformation, constantly explored the future development direction,
and sought new profit growth points.
During the reporting period, the company did not add any new land reserve.
(II) Company operating conditions during the reporting period
Up to December 31, 2016, the company's total assets has reached 626,756,827.34Yuan, net assets attributable to shareholders of
listed company is359,826,450.98Yuan; in 2016, the company has achieved operating income of 367,898,631.53Yuan, net profit
attributable to shareholders of listed company is3,760,806.51Yuan.
During the reporting period, the company's real estate development is as follows:
(1) Business formt
Meter capacity Completed construction are
Name of item Format Saleable area (㎡) Equity ratio
building are (㎡) (㎡)
Residence 154,301.45 154,301.45 153,049.71 85.27%
NanjiangHuijin Business 25,352.10 25,352.10 25,352.10 14.01%
g Tiandi Public area 1,304.43 1,304.43 0.72%
Total 180,957.98 180,957.98 178,401.81 100%
(2) According to region
Developed land area Meter capacity Completed construction Total investment
Area Name of item amount (in 100
(㎡) building are (㎡) are (㎡)
million Yuan)
Chengde NanjiangHuijing Tiandi 97,627.39 180,957.98 180,957.98 6.66
During the reporting period, the company's real estate sales as follows:
(1) Business formt
Current Gross
Name of Proportio Saleable area The pre-sale area Operating Operating
Format settlement area margin
item n (%) (㎡) (㎡) income (RMB) cost(RMB)
(㎡) (%)
Nanjiang 353,111,510.7 298,839,250.4
Residence 85.79% 153,049.71 45,318.96 79,148.74 15.36%
Huijing 7 6
Tiandi Business 14.21% 25,352.10 5,826.66 243.96 1,209,811.18 608,585.79 49.69%
354,321,321.9 299,447,836.2
Total 100% 178,401.81 51,145.62 79,392.70 15.48%
5 5
(2) According to region
Operating Proportion( The pre-sale area Settlement
Area Name of item Saleable area (㎡)
income(RMB) %) (㎡) area (㎡)
Chengde NanjiangHuijing 354,321,321.95 100% 178,401.81 51,145.62 79,392.70
Total Tiandi 354,321,321.95 100% 178,401.81 51,145.62 79,392.70
2. Whether the main business had major change in the reporting period
□ Yes √ No
3. About the industries, products, or regions accounting for over 10% of the company’s operating income or
operating profit
√Applicable □Not applicable
In RMB
5
承德南江股份有限公司 2016 年年度报告摘要
Increase/decrease Increase/decrease Increase/decrease
Operating
Item Operating profit Gross profit ratio of operating of operating of gross profit
revenue
revenue y-o-y profit y-o-y ratio y-o-y
Property sales 354,321,321.95 299,447,836.25 15.49% 870.69% 1,000.25% -9.95%
Chemical
9,397,196.11 8,740,329.32 6.99% -90.37% -91.04% 6.86%
materials
4. Whether the characteristics of management seasonal or cyclical need special attention
□ Yes √ No
5. In the reporting period, note of major changes in operating income, operating cost, total net profit
attributable to common stock shareholders of listed company or composing the previous reporting period
√Applicable □Not applicable
In reporting period, the area of real estate carried over to income increased over that of last period, operation revenue and costs
increased correspondingly. Income from land sales decreased over that of last period, than the net profit attribtuable to commone
shareholders of listed company are decreased on a y-o-y basis.
6. Particular about suspended and delisting
□ Applicable √ Not applicable
7. Relevant items involving financial report
(1) Particulars about the changes in aspect of accounting policy, estimates and calculation method compared with the
financial report of last year
√Applicable □ Not applicable
(1) Execution of “VAT Accounting Rules”
The Ministry of Finance issued the “VAT Accounting Rules” (No. CK [2016]22) on December 3, 2016.
Impacts on the Company in execution are as:
Content and reasons Approval procedures Item and amount impacted
(1) “business tax and surcharge” in profit statement “VAT Accounting Rules”
Taxes and surcharge
adjusted to “taxes and surcharge” (No. CK [2016]22)
(2) The house duty, use tax of land, vehicle and vessel
usage tax and stamp tax, which is from operation
Increased taxes and surcharge of 958,566.12
activities since 1 May 2016, shall be listed in “taxes “VAT Accounting Rules”
Yuan, administrative expenses decreased
and surcharge” instead of “administrative expenses”. (No. CK [2016]22)
958,566.12 Yuan in the year
The taxes occurred before 1 May 2016 shall not be
adjusted, and comparative data either.
(2) Major accounting errors within reporting period that needs retrospective restatement
□ Applicable √ Not applicable
6
承德南江股份有限公司 2016 年年度报告摘要
No major accounting errors within reporting period that needs retrospective restatement for the Company in the period.
(3) Compare with last year’s financial report; explain changes in consolidation statement’s scope
√Applicable □ Not applicable
1. On 23 September 2016, being deliberated and approved by 11th session of 6th BOD, a wholly-owned subsdiary was established in
Hangzhou – Hangzhou Hangfeng Technology Co., Ltd., with registered capital of 50 million Yuan, which is included in the
consolidation range in the yera.
2. The 12th session of 6th BOD was held on 19 October 2016, deliberated and approved the Proposal of Cancelling Controlling
Subsidiary Hangzhou Dongfeng Stealth Technology Co., Ltd., after calleration, the enterprise will not included in consoliation socpe
any more.
3. On 9 December 2016, being deliberated and approved by 15th session of 6th BOD, the Company estaiblished a wholly-owned
subsidairy - Chengde Kefeng Aerospace Technology Development Co., Ltd. in Chengde, with registered capital of 30 million Yuan,
which in included in the consolidation range in the yera.
7
