Guangdong Jadiete Holdings Group Company Limited Interim Report 2019 (Summary)
Stock Code: 200168 Stock Name: *ST JHG-B Announcement No. 2019-051
GUANGDONG JADIETE HOLDINGS GROUP COMPANY LIMITED
INTERIM REPORT 2019 (SUMMARY)
Part I Important Notes
This Summary is based on the full text of the 2019 Interim Report of Guangdong Jadiete Holdings Group Company Limited
(together with its consolidated subsidiaries, the “Company”, except where the context otherwise requires). In order for a full
understanding of the Company’s operating results, financial condition and future development plans, investors should carefully read
the aforesaid full text, which has been disclosed together with this Summary on the media designated by the China Securities
Regulatory Commission (the “CSRC”).
Objections raised by any of the directors, supervisors or senior management against any contents in this Report or its summary:
Name Office title Objection and explanation of why
Statement of objection:
Except for the following directors, all the other directors attended in person the Board meeting for the review of this Report and its
summary.
Reason for not attending the Proxy entrusted to attend the
Name Office title
meeting in person meeting
Chen Honghai Director For reason of other work Chen Dongwei
Independent auditor’s modified opinion:
□ Applicable √ Not applicable
Board-approved interim cash and/or stock dividend plan for ordinary shareholders:
□ Applicable √ Not applicable
The Company has no interim dividend plan, either in the form of cash or stock.
Board-approved interim cash and/or stock dividend plan for preferred shareholders:
□ Applicable √ Not applicable
This Report and its summary have been prepared in both Chinese and English. Should there be any discrepancies or
misunderstandings between the two versions, the Chinese versions shall prevail.
Part II Key Corporate Information
1. Stock Profile
Stock name *ST JHG-B Stock code 200168
Stock exchange for stock listing Shenzhen Stock Exchange
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Guangdong Jadiete Holdings Group Company Limited Interim Report 2019 (Summary)
Contact information Board Secretary Securities Representative
Name Xu Wei
9Q of No. 990 of Yiben E-commerce
Office address
Building, Xili, Nanshan District, Shenzhen
Tel. 0755-82250045
E-mail address xw@200168.com
2. Key Financial Information
Indicate by tick mark whether there is any retrospectively restated datum in the table below.
□ Yes √ No
H1 2019 H1 2018 Change (%)
Operating revenue (RMB) 895,132.43 94,049,651.75 -99.05%
Net profit attributable to the listed
-4,262,281.71 -5,004,199.91 -14.83%
company’s shareholders (RMB)
Net profit attributable to the listed
company’s shareholders before exceptional -4,351,690.16 -6,591,658.84 -33.98%
gains and losses (RMB)
Net cash generated from/used in operating
-998,803.03 -1,205,691.43 -17.16%
activities (RMB)
Basic earnings per share (RMB/share) -0.0136 -0.016 -16.25%
Diluted earnings per share (RMB/share) -0.0136 -0.016 -16.25%
Weighted average return on equity (%) -1.30% -1.43% 0.13%
30 June 2019 31 December 2018 Change (%)
Total assets (RMB) 536,009,687.46 544,902,591.70 -1.63%
Equity attributable to the listed company’s
334,836,779.93 339,099,061.64 -1.26%
shareholders (RMB)
3. Shareholders and Their Holdings as at 30 June 2019
Unit: share
Number of preferred
Number of ordinary shareholders 10,131 shareholders with resumed 0
voting rights (if any)
Top 10 shareholders
Name of Nature of Shareholding Number of Shares in pledge or frozen
Private shares
shareholder shareholder percentage shares Status Shares
SHENZHEN In pledge 117,855,000
SHENGHENG
CHANG Domestic
non-state-owne 36.99% 117,855,000 117,855,000
HUIFU Frozen 117,855,000
d legal person
INDUSTRIAL
CO., LTD.
SHENZHEN In pledge 34,020,000
RISHENG
Domestic
CHUANGYUA non-state-owne 10.68% 34,020,000 34,020,000
Frozen 34,020,000
N ASSET d legal person
MANAGEMEN
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Guangdong Jadiete Holdings Group Company Limited Interim Report 2019 (Summary)
T CO., LTD.
GUOTAI
JUNAN
Foreign legal
SECURITIES( 7.72% 24,580,755
person
HONGKONG)
LIMITED
SHENZHEN In pledge 12,150,000
LIANHUA
Domestic
HUIREN non-state-owne 3.81% 12,150,000 12,150,000
Frozen 12,150,000
INDUSTRIAL d legal person
CO., LTD.
SHENWAN
HONGYUAN
Foreign legal
3.32% 10,571,275
SECURITIES person
(HK) LIMITED
CHINA
EVERBRIGHT Foreign legal
1.33% 4,226,600
SECURITIES person
(HK) LIMITED
TANG Domestic
1.31% 4,182,300
HAIMING natural person
ESSENCE
INTERNATION
AL
SECURITIES Foreign legal 1.26% 4,018,972
person
（HONG
KONG）
LIMITED
XING Domestic
0.49% 1,555,170
YINGSHENG natural person
CHEN Domestic
0.48% 1,513,851
JIANXING natural person
Shenzhen Shenghengchang Huifu Industrial Co., Ltd., Shenzhen Risheng Chuangyuan Asset
Related or acting-in-concert Management Co., Ltd. and Shenzhen Lianhua Huiren Industrial Co., Ltd., which belonged to
parties among the shareholders action-in-concert promulgated by Measures for the Administration of Disclosure of Information
above on the Change of Shareholdings in Listed Companies. The Company did not know whether there
existed related relationship among other shareholders.
Shareholders involved in
N/A
securities margin trading (if any)
4. Change of the Controlling Shareholder or the Actual Controller in the Reporting Period
Change of the controlling shareholder in the Reporting Period:
□ Applicable √ Not applicable
The controlling shareholder remained the same in the Reporting Period.
Change of the actual controller in the Reporting Period:
□ Applicable √ Not applicable
The actual controller remained the same in the Reporting Period.
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Guangdong Jadiete Holdings Group Company Limited Interim Report 2019 (Summary)
5. Number of Preferred Shareholders and Shareholdings of Top 10 of Them
□ Applicable √ Not applicable
No preferred shareholders in the Reporting Period.
6. Corporate bonds
Does the Company have any corporate bonds publicly offered on the stock exchange, which were outstanding before the date of this
Report’s approval or were due but could not be redeemed in full?
No.
Part III Operating Performance Discussion and Analysis
1. Business Overview of the Reporting Period
Is the Company subject to any industry-specific disclosure requirements?
Yes, because the Company engages in jewelry.
For H1 2019, the Company recorded operating revenue of RMB0.8951 million, down 99.05% from
RMB94.0497 million a year ago; and a net profit attributable to the listed company’s shareholders of
RMB-4.2623 million, representing a 14.83% loss cut from RMB-5.0042 million of H1 2018. The
considerable drop in operating revenue was primarily resulted from the considerable decreases in Chinese
Gold Nobility’s operating revenue and net profit caused by the unfavorable general economic environment,
the increasingly fierce competition across the jewelry industry, the adjustments to the major customers and
businesses, the adoption of aggressive operating strategies, etc.
Within the Reporting Period (up to the date of disclosure), the Company completed the following key works:
(I) Positively solve various matters involved in 2018 Annual Audit Qualified Opinions.
Please refer to “Part V Significant Events” in the report for details.
(II) Strengthen the collection of the payment for the equity transfer of Shenguorong Financing Guarantee and the
dividends of Future Growing Business Fund.
Up to the date of disclosure, the Company has received the equity transfer payment from Shenguorong Financing
Guarantee equivalent to RMB75 million and RMB19.4 million from the Future Growing Business Fund as the
dividends. When the Company discovers that the equity transferee of Shenguorong Financing Guarantee fails to
fulfill the payment obligation as agreed, the Company shall immediately negotiate with the transferee and figure
out the specific reasons and the subsequent arrangement. Shenguorong Financing Guarantee’s equity transferee
has expressed that the financial strain is caused by the macro de-leveraging factor and will continue fulfilling
corresponding equity transfer agreement.
After corresponding event occurs to adversely affect the timely dividends distribution of the Future Growing
Business Fund, the Company shall positively communicate with the Future Growing Business Fund in order to
learn any arising obstacle factor, positively encourage various parties to fulfill their obligations and urge them to
reach a consensus related to the agreement’s execution. At present, various parties are positively negotiating with
each other, and this agreement will be continued after corresponding shareholder resolution is issued.
(III) Maintain the Company’s Share Price
Up to the date of disclosure, the Company’s share price has been lower than the book value for many times and
triggered the delisting risk warning. In order to maintain the interest of various investors, as promised by the
person acting in concert of the Company’s actual controller for increasing the shares held, the Company has
launched the buy-back scheme meeting the market expectation and won the support from the minority
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Guangdong Jadiete Holdings Group Company Limited Interim Report 2019 (Summary)
shareholders, temporarily eliminated the delisting risk and provided the Company with various effective tools to
maintain the share price.
(IV) It’s necessary to strengthen the cost control, simplify the business scale, optimize the organizational structure,
adjust the personnel layout, jointly overcome the hardship and made certain achievement.
2. Matters Related to Financial Reporting
(1) Changes to Accounting Policies, Accounting Estimates or Measurement Methods Compared to the Last
Accounting Period
√ Applicable □ Not applicable
The Ministry of Finance issued on 30 April 2019 the Notice on Revising and Issuing the Format of
Financial Statements for General Enterprises of 2019 (CK [2019] No. 6. Enterprises adopting the
Accounting Standards for Business Enterprises shall prepare the financial statements for 2019 and
the subsequent periods in accordance with the new accounting standards and the Notice.
The impact of the Company’s execution of the Notice (CK [2019] No. 6) is as follows:
Changes to the accounting Financial statement Amount affected Restated amount
policies and why item affected of the prior period
1. Notes receivable and accounts Notes receivable
receivable presented separately Accounts receivable 16,039,856.58 22,021,179.73
2. Notes payable and accounts Notes payable
payable presented separately Accounts payable 16,244,371.35 16,141,549.26
(2) Retrospective Restatements due to the Correction of Material Accounting Errors in the Reporting
Period
□ Applicable √ Not applicable
No such cases.
(3) Changes to the Scope of Consolidated Financial Statements Compared to the Last Accounting Period
√ Applicable □ Not applicable
The Company signed an Equity Transfer Agreement with Hunan Majiake Lanjian Technology Co.,
Ltd., transferring its 99% interest in Shenzhen Majiake Lanjian Technology Co., Ltd. to the latter
for RMB173,000. The Company’s wholly-owned subsidiary Shenzhen Hongxing Liye Industrial
Co., Ltd. signed an Equity Transfer Agreement with Chen Dongwei, transferring its 1% interest in
Shenzhen Majiake Lanjian Technology Co., Ltd. to the latter for RMB1. The said transfer payments
have been made and the ownership transfers have been completed with the industrial and
commercial administration on 22 February 2019. Therefore, Shenzhen Majiake Lanjian Technology
Co., Ltd. has been excluded from the scope of the Company’s consolidated financial statements.
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