Foshan Huaxin Packaging Co., Ltd. Interim Report 2019 (Summary)
Stock Code: 200986 Stock Name: Huaxin Packaging-B Announcement No. 2019-033
FOSHAN HUAXIN PACKAGING CO., LTD.
INTERIM REPORT 2019 (SUMMARY)
Part I Important Notes
This Summary is based on the full text of the 2019 Interim Report of Foshan Huaxin Packaging Co., Ltd. (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
Name Office title Proxy
meeting in person
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 Huaxin Packaging-B Stock code 200986
Stock exchange for stock listing Shenzhen Stock Exchange
Contact information Board Secretary Securities Representative
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Foshan Huaxin Packaging Co., Ltd. Interim Report 2019 (Summary)
Name Ding Guoqiang Shi Hui
2/F, Block 7, 3 Keyang Road, Luoge Park, 2/F, Block 7, 3 Keyang Road, Luoge Park,
Chancheng Economic Development Zone, Chancheng Economic Development Zone,
Office address
Nanzhuang Town, Chancheng District, Nanzhuang Town, Chancheng District,
Foshan, Guangdong Province, P.R.China Foshan, Guangdong Province, P.R.China
Tel. 0756-8666975 0756-8666978
E-mail address dinggq@htrh-paper.com shih@htrh-paper.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) 1,733,126,237.68 1,747,156,340.92 -0.80%
Net profit attributable to the listed
10,489,265.80 -15,299,762.79 168.56%
company’s shareholders (RMB)
Net profit attributable to the listed
company’s shareholders before exceptional 8,813,571.35 -19,203,743.87 145.90%
gains and losses (RMB)
Net cash generated from/used in operating
-349,160,799.79 68,792,986.11 -607.55%
activities (RMB)
Basic earnings per share (RMB/share) 0.0208 -0.0303 168.65%
Diluted earnings per share (RMB/share) 0.0208 -0.0303 168.65%
Weighted average return on equity (%) 0.53% -0.78% 1.31%
30 June 2019 31 December 2018 Change (%)
Total assets (RMB) 5,807,130,648.83 5,794,694,744.15 0.21%
Equity attributable to the listed company’s
1,968,735,620.54 1,970,946,820.29 -0.11%
shareholders (RMB)
3. Shareholders and Their Holdings as at 30 June 2019
Unit: share
Number of preferred
Number of ordinary shareholders 13,045 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
FOSHAN
HUAXIN State-owned
65.20% 329,512,030 329,512,030
DEVELOPME legal person
NT CO., LTD.
GUOTAI
JUNAN
Foreign legal
SECURITIES( 0.64% 3,228,410 0
person
HONGKONG)
LIMITED
WU Foreign natural
0.51% 2,561,991 0
HAOYUAN person
Domestic
CAI YUJIU 0.38% 1,922,920 0
natural person
Domestic
MIU JUN 0.31% 1,552,200 0
natural person
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Foshan Huaxin Packaging Co., Ltd. Interim Report 2019 (Summary)
NORGES Foreign legal
0.27% 1,352,720 0
BANK person
ESSENCE
INTERNATION
AL
Foreign legal
SECURITIES 0.24% 1,205,252 0
person
(HONG
KONG) CO.,
LTD.
FOSHAN
CHAN BEN DE
State-owned
ASSET 0.23% 1,139,420 1,139,420
legal person
MANAGEMEN
T CO., LTD
PENG Domestic
0.22% 1,100,000 0
RUIHUA natural person
Domestic
CAO YIFAN 0.21% 1,043,800 0
natural person
Related or acting-in-concert
It is unknown whether there is among the above shareholders any related or acting-in-concert
parties among the shareholders
party as defined in the Administrative Measures for the Acquisition of Listed Companies.
above
Shareholders involved in
N/A
securities margin trading (if any)
4. Change of Controlling Shareholder or Actual Controller in 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.
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 undue 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 Reporting Period
Is the Company subject to any industry-specific disclosure requirements?
No.
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Foshan Huaxin Packaging Co., Ltd. Interim Report 2019 (Summary)
Please refer to “I Overview” in “Part IV Operating Performance Discussion and Analysis” of the full text of this Report.
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
Changes to the accounting policies and
Approval process Remark
why
On 31 March 2017, the Ministry of Finance
issued the revised versions of the
Accounting Standard No. 22 for Business
Enterprises—Recognition and
Measurement of Financial Instruments (CK
[2017] No. 7), the Accounting Standard No.
For further information, see the
23 for Business Enterprises—Transfer of
The changes to the accounting policies Announcement on Changes to the
Financial Assets (CK [2017] No. 8), the
were approved at the Second Meeting of Accounting Policies disclosed by the
Accounting Standard No. 24 for Business
the Seventh Board of Directors of the Company on the designated media for
Enterprises—Hedge Accounting (CK
Company of 2019 on 15 March 2019. information disclosure dated 17 March
[2017] No. 9) and the Accounting Standard
2019.
No. 37 for Business
Enterprises—Presentation of Financial
Instruments (CK [2017] No. 14). The
Company has adopted the aforesaid new
accounting standards in its accounting
treatment since 1 January 2019.
On 15 June 2018, the Ministry of Finance
issued the Document CK [2018] No. 15,
revising the format of financial statements
of general enterprises. The non-financial
enterprises adopting the Accounting
Standards for Business Enterprises are For further information, see the
required to prepare their financial The changes to the accounting policies Announcement on Changes to the
statements according to the revised format were approved at the Second Meeting of Accounting Policies disclosed by the
(applicable to enterprises that have not yet the Seventh Board of Directors of the Company on the designated media for
adopted the new accounting standards Company of 2019 on 15 March 2019. information disclosure dated 17 March
governing financial instruments and 2019.
revenue). In accordance with the
Document, the Company has adjusted the
relevant financial statements items and the
comparative data of the comparable
accounting period.
(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
No such changes for the Reporting Period.
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