山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Shandong Zhonglu Oceanic Fisheries Co., Ltd.
Semi-Annual Report for Year of 2021
August 2021
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Section I. Important Notice, Contents and Interpretation
Board of Directors, Supervisory Committee, all directors, supervisors and senior
executives of Shandong Zhonglu Oceanic Fisheries Co., Ltd. (hereinafter
referred to as the Company) hereby confirm that there are no any fictitious
statements, misleading statements, or important omissions carried in this report,
and shall take all responsibilities, individual and/or joint, for the reality,
accuracy and completion of the whole contents.
Lu Lianxing, Principal of the Company, Fu Chuanhai, person in charge of
accounting works and Lei Lixin, person in charge of accounting organ
(accounting principal) hereby confirm that the Financial Report of Semi-annual
of 2021 Report is authentic, accurate and complete.
All directors are attended the Board Meeting for report deliberation.
The forward-looking statement set out in the semi-annual report relating to the
future plan of the Company does not constitute the material commitment of the
Company for its investors. Therefore, investors and related stakeholders shall
hold sufficient awareness of the risks and should understand the difference
between plan, expectation and commitment. Certain risks that may exist in the
Company’s business operation and countermeasures adopted by the Company
are disclosed in “X. Risks and countermeasures” in the Section III.
“Management Discussion and Analysis”, which shall be brought to attention of
investors.
This report has been prepared in Chinese and English version respectively. In
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
the event of difference in interpretation between the two versions, Chinese
report shall prevail.
During the reporting period, there were no particularly significant risks that
would have a material impact on the production and operation of the Company,
investors are advised to read carefully.
The Company plans to pay no cash dividends and bonus shares, or increase the
share capital by capital reserve converted.
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Contents
Section I Important Notice, Contents and Interpretation .............................................................. 2
Section II Company Profile and Main Financial Indexes ............................................................ 7
Section IIIManagement Discussion and Analysis ......................................................................... 10
Section IV Corporate Governance. ................................................................................................ 23
Section V Enviornmental and Social Responsibility ..................................................................... 25
Section VI Important Events……………………………………………………...........................26
Section VII Changes in shares and particular about shareholders……………………………..36
Section VIII Preferred Stock ......................................................................................................... 41
Section IX Corporate Bonds ........................................................................................................... 42
Section X Financial Report ............................................................................................................. 43
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Documents Available for Reference
(1)The financial statement of the Company with signature and seal from the person in charge of the Company,
person in charge of the accounting works and person in charge of accounting;
(2) Original copies of all documents and announcements that have been released publicly during the reporting
period;
(3)The Semi-Annual Report of 2021 with the signature of the legal person
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Interpretation
Items Refers to Contents
The Company or Company Refers to Shandong Zhonglu Oceanic Fisheries Co., Ltd.
Shandong State-owned Assets Investment Refers to Shandong State-owned Assets Investment Holding Company Limited
CSRC Refers to China Securities Regulatory Commission
The report Refers to Semi-Annual Report for 2021 compiled by the Company
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Section II. Company Profile and Main Financial Indexes
I. Company profile
Short form of the stock Zhonglu-B Stock code 200992
Stock exchange for listing Shenzhen Stock Exchange
Name of the Company (in
山东省中鲁远洋渔业股份有限公司
Chinese)
Short form of the Company
中鲁远洋
(in Chinese if applicable)
Foreign name of the Company
Shandong Zhonglu Oceanic Fisheries Company Limited
(if applicable)
Short form of foreign name of
ZLYY
the Company (if applicable)
Legal representative Lu Lianxing
II. Person/Way to contact
Secretary of the Board Rep. of security affairs
Name Liang Shanglei Li Ying, Tang Yuntao
No. 65 Haier Rd., Laoshan District, No. 65 Haier Rd., Laoshan District,
Contacts add.
Qingdao, Shandong Qingdao, Shandong
Tel. 0532-55717968 0532-55715968
Fax. 0532-55719258 0532-55719258
Email zl000992@163.com zl000992@163.com
III. Others
1. Way of contact
Whether registrations address, offices address and codes as well as website and email of the Company changed in reporting period or
not
□Applicable √Not applicable
Registrations address, offices address and codes as well as website and email of the Company has no changed in reporting period,
found more in Annual Report 2020
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
2. Information disclosure and preparation place
Whether information disclosure and preparation place changed in reporting period or not
□ Applicable √ Not applicable
The newspaper appointed for information disclosure, website for semi-annual report publish appointed by CSRC and preparation
place for semi-annual report have no change in reporting period, found more details in Annual Report 2020.
IV. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes √ No
Increase/decrease in this
Current period Same period of last year
report y-o-y (+,-)
Operating revenue(RMB) 356,353,923.85 375,590,835.67 -5.12%
Net profit attributable to shareholders of
-8,959,371.06 16,135,719.93 -155.53%
the listed company(RMB)
Net profit attributable to shareholders of
the listed company after deducting -9,753,329.69 5,851,649.35 -266.68%
non-recurring gains and losses(RMB)
Net cash flow arising from operating
-50,910,600.50 -12,171,787.81 -318.27%
activities(RMB)
Basic earnings per share (RMB/Share) -0.03 0.06 -150.00%
Diluted earnings per share (RMB/Share) -0.03 0.06 -150.00%
Weighted average ROE -1.00% 1.80% -2.80%
Increase/decrease in this
End of current period End of last period report-end over that of last
period-end
Total assets (RMB) 1,191,085,870.22 1,259,611,234.89 -5.44%
Net assets attributable to shareholder of
892,003,770.33 903,248,772.52 -1.24%
listed company(RMB)
V. Difference of the accounting data under accounting rules in and out of China
1. Difference of the net profit and net assets disclosed in financial report, under both IAS (International
Accounting Standards) and Chinese GAAP (Generally Accepted Accounting Principles)
□ Applicable √ Not applicable
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
The Company has no difference of the net profit and net assets disclosed in financial report, under both IAS (International
Accounting Standards) and Chinese GAAP (Generally Accepted Accounting Principles) in reporting period
2. Difference of the net profit and net assets disclosed in financial report, under both foreign accounting
rules and Chinese GAAP (Generally Accepted Accounting Principles)
□ Applicable √ Not applicable
The Company has no difference of the net profit and net assets disclosed in financial report, under both foreign accounting rules and
Chinese GAAP (Generally Accepted Accounting Principles) in reporting period
VI. Items and amounts of extraordinary profit (gains)/loss
√Applicable □Not applicable
In RMB
Item Amount Note
Governmental subsidy reckoned into current gains/losses (not
including the subsidy enjoyed in quota or ration according to
835,918.84
national standards, which are closely relevant to enterprise’s
business)
Gains/losses from entrusting others to invest or manage assets 49,972.60
Other non-operating income and expenditure except for the
27,063.12
aforementioned items
Less: Impact on income tax 1,090.34
Impact on minority shareholder’s equity (after-tax) 117,905.59
Total 793,958.63 --
Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for Companies
Offering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according to
the lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their
Securities to the Public --- Extraordinary Profit/loss, explain reasons
□ Applicable √ Not applicable
In reporting period, the Company has no particular about items defined as recurring profit (gain)/loss according to the lists of
extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to
the Public --- Extraordinary Profit/loss
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Section III Management Discussion and Analysis
I. Main businesses of the company in the reporting period
Development situation of the industry to which the company belongs: China's tuna industry starts relatively late,
the technology relatively lags behind, and there is a certain gap between China and developed countries. In recent
years, with the implementation of China's maritime power strategy, the state has issued a number of supporting
policies for distant water fishery, narrowing the gap between China's distant water fishery production level and
developed countries. The global catch of tuna is nearly 7 million tons per year. In 2019, the catch of tuna in
China's distant water fishery was 423,800 tons, while the consumption of tuna in China in the same year was just
over 10,000 tons, meaning that 97.6% of China's tuna and its products were exported to developed countries. The
per capital consumption of tuna in developed countries is more than 5 kg, but the consumption in China is very
little. As a big country with a population of 1.4 billion, at present, China has entered the stage of high quality
development, people has higher pursuit of food nutrition and health, as one of three nutritious fishes
recommended by the world's nutrition society, tuna market is very promising.
In 2021, due to the continuous impact of COVID-19 pandemic, the circulation is limited, the economic recovery
in various countries is slow, and the purchasing power is low. The international market price of ultra-low
temperature tuna remains low, the price has slightly recovered recently, but it still needs to take some time to
return to normal. In response to the industry's downward trend, the company has strengthened scientific and
technological innovation, established deep cooperation with colleges and universities to develop tuna deep
processing new products, which have been put on the market and achieved good results. In 2021, the company
will continue to increase the scope and intensity of scientific and technological innovation, innovate the marketing
mode, make the enterprise get out of the unfavorable situation as soon as possible, and speed up the pace of high
quality development.
Major changes in main business, main products and their uses and the driving factors of performance: The
company is a comprehensive fishery enterprise integrating pelagic fishing, refrigerated transport, refrigerated
processing and trade of aquatic products, and our main business involves the main links of the industrial chain.
1. Pelagic fishing
During the reporting period, the Company has owned a total of 23 vessels for ocean-going fishing, including 7
large-scale tuna seiners (units), 14 large ultra-low temperature tuna longliners, and 2 medium-sized trawlers, which
have been respectively working in Indian Ocean and the Atlantic area. ①In the long-lining operation, the main
operating areas are in the Indian Ocean, the overall production in the first half of the year declined on a y-o-y
basis with prices picking up slightly. ②for purse seine fishing, the main areas of operation are in the Atlantic
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Ocean, the fish prices in international market are lower than expected due to the lower production as a result of
the one-month extension of fishing moratorium in Ghana. ③ the Ghana trawl vessel is unsuitable to continue to
operate at sea due to the aging condition, the project has stopped production and is proposed to be updated.
2. Refrigerated transport
During the reporting period, the refrigerated transport ship of the Company is engaged in the international
operation and services, and has access to major ports around the world, suitable for ocean transportation of aquatic
products, meat, poultry, vegetables and fruits, and for the tuna transport business as well. Multiple measures are
taken in order to complete the economic indicators for the whole year: ①Continuously improved the company’s
SMS system work and strengthened the standardized management of enterprises. ②Kept a foothold on the
Asia-Pacific special refrigerated freight market, strive to increase the market share, strictly controlled the cost
accounting, strengthened the ship equipment maintenance, ensured the sailing rate, and maximizing the income.③
Paid close attention to exchange rate trends and settled exchanges in a timely manner to reducing the exchange
rate risks. ④In the face of various unfavorable situations caused by the impact of the epidemic, the company
strengthened epidemic prevention and control measures and work guidance, strengthened ship communication and
crew conciliation, ensured the personal safety and health on ships and shores, guaranteed safe production, and
promoted high-quality development of enterprises.
3. Refrigerated processing& trade
During the reporting period, there were more than 20 main processed varieties, including bigeye tuna, yellowfin
tuna, bluefin tuna, albacore, swordfish, and so on; the product forms included tuna slices, stripping and slicing,
milksweet wine and cheese and so on. The products were mainly exported, accounting for 60-70% of the total
sales, which were mainly sold to Japan, America, Russia, the European Union, South Korea, Israel and other
countries. Among them, Japan accounted for about 40%, Russia about 12%, the European Union about 10%, and
America accounted for about 6% . The Company has got HACCP registration, EU certification, BRC certification,
MSC certification, and SEDEX certification. It has established a multi-integrated sales network integrating
micro-business + e-commerce + supermarkets + sub-warehouses in domestic markets. At present, we have started
the pace of 100 cities and 1000 stations, established sub-warehouses in Beijing, Shanghai, Chengdu, Shenzhen,
Changsha and other cities, committed to providing deep-sea, ocean-going, healthy and safe tuna delicacies for
fellow countrymen. The domestic market is expanding year by year, and the sales in coastal cities have been
increasing by more than 10% annually. Affected by the epidemic, domestic and foreign trade markets have shrunk
severely, and product circulation has slowed. ① The company adopts the strategy of "purchasing according to
sales", resolutely implements the destocking and risk reduction, accelerates the turnover rate of goods and
inventory, rationally dispatches funds and matches the financing structure, and improves the turnover rate and
utilization rate of inventory and capital. ② The company continues to promote product transformation from
single to combination, from large package to small package, and adheres to the development direction of "raw and
cooked food". ③ The company continues to build Zhonglu Oceanic "Tuna" APP, establishes the sales system of
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
the whole network sales and regional direct distribution, make layouts for the industrialization e-commerce
platform represented by "Tuna express line", and explores new sales model. ④ The company actively
participates in the domestic big cycle, expands the domestic market share of the company's products, innovates
sales channels, and timely launches the all staff sales model.
Business model: The company adopts a centralized diversified business model.
Market status: One of the five major ocean-going fishery companies in China, the vice president unit of China
Oversea Fisheries Association, the president unit of Qingdao Oversea Fisheries Association.
II. Core competitiveness analysis
The Company is an outgoing comprehensive oceanic fishery enterprise, established in July 1999 with the approval
from People’s Government of Shandong province. We have completed industry chain and we are the leading
enterprise of oceanic fishery for the Shandong Province.
As a comprehensive fishery enterprise, the company's core competitiveness is mainly reflected in the following
aspects:① over the 20-year development, the Company is comprehensive fishery enterprise integrating pelagic
fishing, refrigerated transport, and refrigeration and processing and trading of aquatic products, its main business
involves all key links of industry chain, and the businesses among all operating entities are highly related, possess
the conditions for overall collaborative operation, and provides guarantee for strengthening and extending the
industrial chain strategy; ② as one of the enterprises engaged in deep-sea fishing business at the earliest in China,
the company starts the production and operation early with high starting point, and high-quality talents and assets.
After many years of professional management, the company has accumulated a large number of professional talents
covering all fields of deep-sea fishing. ③the distant fishery, we mainly operates, is the parts of “going out”
strategy and maritime strategy of the country, and also it is the part of Blue Economic Zone Plans in Shandong
Province. The distant fishery still has a development opportunity in way of depth adjustment; three are 14
ultra-low temperature tuna vessels in the Indian Ocean engaged in tuna longline production, which is one of the
Company’s main business that made a greater contribution to the company’s completion of the business plan; the
Atlantic tuna seine project has been on the right track after four years of exploration and practice, under the strict
protection of the WCPFC in the Central and Western Pacific and the ICCAT organization in the Atlantic, the
company’s tuna seine business can develop steadily; ④ Ocean transportation is an important part of the
company’s main business, the existing refrigerated transport fleet is in the leading position in the industry in terms
of the number of ships, gross tonnage or profitability. ⑤ With the country’s earliest and largest ultra-low
temperature cold storage and raw food processing plant, China’s Tuna Trading Center and the newly-built tuna
electronic trading platform system have strengthened the company’s advantages in tuna processing and trading
capabilities, the 30,000-ton ultra-low temperature & variable temperature cold storage in Zhonglu Refrigerated
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Logistics Center was partially renovated for ultra-low temperature, and now the renovation has been completed
and put into operation, increasing the capacity of ultra-low temperature storage with remarkable effect; ⑥The
Company’s pelagic fishing production area is in the Atlantic Ocean and the Indian Ocean, our refrigerated
transport has reached most of the world’s major ports, and the import and export trade spread all over the world.
With the implementation of the “One Belt and One Road” strategy, countries along the road strengthen the
bilateral mutual trust and have closer cooperation. With a series of development planning issued by the country
and governments at all levels, our company faces new development opportunities. The Company will make good
use of these strategic resources, creating innovative, keeping forge ahead and moving forward, and participated in
the construction of new-aged energy transform actively, accelerate the strategic transformation, and vigorously
implement the industrial chain extension projects to upgrade the influence and competitive power in deep-sea
fishing market in and out of China.
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
III. Main business analysis
See “I. Main businesses of the company in the reporting period”.
y-o-y change of main financial data
In RMB
Current period Same period of last year Y-o-y increase/decrease Reasons for changes
Operating revenue 356,353,923.85 375,590,835.67 -5.12%
Operation cost 338,791,986.63 353,368,335.26 -4.12%
Due to the partial
adjustment of accounting
Sales expenses 1,469,652.94 8,387,357.40 -82.48%
items from the new
revenue standards
Administrative expenses 26,604,847.70 21,578,117.77 23.30%
Due to the significant
Financial expenses 4,068,647.84 -161,718.60 2,615.88% increase in foreign
exchange loss
Due to the decline of
Income tax expense 399,605.91 597,651.69 -33.14%
enterprise income tax
There is no R&D
R&D investment 49,775.28 -100.00%
investment in the Period
Fuel subsidy and VAT
Net cash flow arising incremental retained tax
-50,910,600.50 -12,171,787.81 -318.27%
from operating activities refund received in the
same period of last year
Net cash flow arising The ship insurance
from investment -5,189,912.79 9,964,118.43 -152.09% claims received in the
activities same period of last year
Due to the increase in
Net cash flow arising
-9,840,746.76 -7,503,324.16 -31.15% repayment of bank loans
from financing activities
during the period
The cash flow from
Net increase of cash and operation, investment
-68,879,972.64 -8,614,656.65 -699.57%
cash equivalent and financing activities
are declined
Major changes on profit composition or profit resources in reporting period
□Applicable √Not applicable
There were no significant changes in composition of the profit or profit sources during the reporting period
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Constitution of operating revenue
In RMB
Current Period Same period last year
Increase/decrease
Ratio in operating Ratio in operating
Amount Amount y-o-y (+,-)
revenue revenue
Total operating
356,353,923.85 100% 375,590,835.67 100% -5.12%
revenue
According to industries
Pelagic fishing 86,828,794.02 24.37% 122,634,986.10 32.65% -29.20%
Vessel leasing 45,226,246.44 12.69% 52,623,995.34 14.01% -14.06%
Cold storage
232,762,468.89 65.32% 226,997,325.56 60.44% 2.54%
processing trade
Other 2,142,978.50 0.60% 2,911,099.36 0.78% -26.39%
Internal transaction
-10,606,564.00 -2.98% -29,576,570.69 -7.87% -64.14%
offset
According to products
Pelagic fishing 86,828,794.02 24.37% 122,634,986.10 32.65% -29.20%
Vessel leasing 45,226,246.44 12.69% 52,623,995.34 14.01% -14.06%
Cold storage
232,762,468.89 65.32% 226,997,325.56 60.44% 2.54%
processing trade
Other 2,142,978.50 0.60% 2,911,099.36 0.78% -26.39%
Internal transaction
-10,606,564.00 -2.98% -29,576,570.69 -7.87% -64.14%
offset
According to region
Japan 84,461,487.38 23.70% 92,971,627.30 24.75% -9.15%
Mainland China 97,075,957.62 27.24% 85,264,324.16 22.70% 13.85%
Taiwan China 46,775,854.44 13.13% 54,746,494.20 14.58% -14.56%
Ghana 45,875,784.88 12.87% 55,758,193.67 14.85% -17.72%
Other 92,771,403.53 26.03% 116,426,767.03 31.00% -20.32%
Internal transaction
-10,606,564.00 -2.98% -29,576,570.69 -7.87% -64.14%
offset
Industries, products or regions that account for more than 10% of the operating revenue or operating profit
√Applicable □Not applicable
In RMB
Increase/decrease Increase/decrease Increase/decrease
Operating
Operating cost Gross profit ratio of operating of operating cost of gross profit
revenue
income y-o-y y-o-y ratio y-o-y
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
According to industries
Pelagic fishing 86,828,794.02 94,486,120.60 -8.82% -29.20% -21.67% -10.46%
Vessel leasing 45,226,246.44 35,882,653.37 20.66% -14.06% -4.97% -7.59%
Cold storage
232,762,468.89 218,175,071.96 6.27% 2.54% -2.41% 4.76%
processing trade
According to products
Pelagic fishing 86,828,794.02 94,486,120.60 -8.82% -29.20% -21.67% -10.46%
Vessel leasing 45,226,246.44 35,882,653.37 20.66% -14.06% -4.97% -7.59%
Cold storage
232,762,468.89 218,175,071.96 6.27% 2.54% -2.41% 4.76%
processing trade
According to region
Japan 84,461,487.38 81,269,063.63 3.78% -9.15% -7.77% -1.44%
Mainland China 97,075,957.62 88,897,481.90 8.42% 13.85% 10.09% 3.13%
Taiwan China 46,775,854.44 37,390,421.95 20.06% -14.56% -6.20% -7.13%
Ghana 45,875,784.88 52,535,045.68 -14.52% -19.75% -16.64% -4.27%
Under circumstances of adjustment in reporting period for statistic scope of main business data, adjusted main business based on
latest one year’s scope of period-end
□ Applicable √ Not applicable
Reasons for y-o-y relevant data with over 30% changes
□ Applicable √ Not applicable
IV. Analysis of the non-main business
√Applicable □Not applicable
In RMB
Whether has sustainability or
Amount Ration in total profit Cause
not
Investment income resulted
Investment income 49,972.60 0.33% from purchasing the Unsustainable
structural deposits
Accrual of the inventory
falling price reserves and
Assets impairment 430,286.45 2.82% Unsustainable
bad debt provision for
receivable
Non-operating Payment from insurance
34,284.70 0.22% Unsustainable
revenue company received
Non-operating Losses on scrapping of fixed
7,221.58 0.05% Unsustainable
expenses assets etc.
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
V. Analysis of assets and liability
1. Major changes of assets composition
In RMB
End of current period End of last year Ratio
Ratio in total Ratio in total changes Notes of major changes
Amount Amount
assets assets (+,-)
187,089,439.2
Monetary fund 15.71% 255,811,982.21 20.31% -4.60%
9
Account
74,739,003.41 6.27% 66,263,029.81 5.26% 1.01%
receivable
341,131,064.3
Inventories 28.64% 338,885,629.06 26.90% 1.74%
5
Investment real
30,771,971.09 2.58% 31,435,009.43 2.50% 0.08%
estate
498,650,354.9
Fixed assets 41.87% 506,290,822.70 40.19% 1.68%
2
Construction in
4,886,559.70 0.41% 3,705,815.70 0.29% 0.12%
progress
Short-term loans 32,255,072.36 2.71% 41,268,275.50 3.28% -0.57%
Contract liability 9,766,243.11 0.82% 12,453,619.79 0.99% -0.17%
2.Main overseas assets
√Applicable □Not applicable
Control Ratio of the Whether has
measures to overseas major
Content of Reason for Operation Earnings
Asset size Location ensure the assets in net impairment
assets the formation mode status
safety of assets of the risks or not
assets Company (Y/N)
HABITAT
INTERNATI Ship and
Offshore 255,059,187. Independent
ONAL Panama personnel 3,718,563.36 24.36% N
establishment 64 operation
CORPORATI insurance
ON
ZHONG A
GHA Offshore 132,839,874. Independent professional
Ghana -3,097,875.70 12.69% N
FOODS establishment 88 operation management
COMPANY team, ship
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
LIMITED and personnel
insurance
overseas
posting
3. Assets and liability measure by fair value
√Applicable □Not applicable
In RMB
Cumulative
Gain/loss of
change of fair Impairment Amount
Opening fair value Amount sold Other Ending
Item value accrual in the purchased in
amount changes in the in the Period changes amount
recorded into Period the Period
Period
equity
Financial
assets
1.trading
financial
assets(deriva
5,000,000.00 5,000,000.00 0.00
tive financial
assets
excluded)
Subtotal of
financial 5,000,000.00 5,000,000.00 0.00
assets
Total of above 5,000,000.00 5,000,000.00 0.00
Financial
0.00 0.00
liability
Other changes
Whether there is a significant changes in the measurement attributes of the main assets during the period
□Yes √No
4. Assets right restriction till end of reporting period
Item Ending book value Causes of restriction
Monetary fund 233,800.00 Cash deposit for L/C
Fixed assets 28,985,929.33 Loan mortgage
Intangible assets 5,152,095.19 Loan mortgage
Total 34,371,824.52 --
18
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
VI. Investment analysis
1. Overall situation
√Applicable □Not applicable
Amount invested at same period last year
Amount invested in the period (RMB) Changes
(RMB)
4,002,559.05 10,000,000.00 -59.97%
2. The major equity investment obtained in Reporting Period
□Applicable √Not applicable
3. The major non-equity investment doing in Reporting Period
□Applicable √Not applicable
4. Financial assets investment
(1) Securities investment
□ Applicable √ Not applicable
The company had no securities investment in the reporting period.
(2) Derivative investment
□ Applicable √ Not applicable
The company had no derivative investment in the reporting period.
VII. Sales of major assets and equity
1. Sales of major assets
□ Applicable √ Not applicable
The Company had no sales of major assets in the reporting period.
2. Sales of major equity
□Applicable √Not applicable
VIII. Analysis of main holding company and stock-jointly companies
√Applicable □Not applicable
Particular about main subsidiaries and stock-jointly companies net profit over 10%
19
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
In RMB
Company Main Registered Operating Operating
Type Total assets Net assets Net profit
name business capital revenue profit
Shandong
Zhonglu
Haiyan Pelagic 221,617,349. 484,630,952. 378,334,418. 54,095,017.1 -16,355,71
Subsidiary -16,334,906.54
Deep-sea fishing 00 59 40 1 1.42
Fishery Co.,
Ltd
Shandong
Zhonglu
Refrigeration 22,505,600.0 59,924,992.0 16,339,568.5 14,935,988.4
Fishery Subsidiary -89,798.09 -113,973.19
transport 0 9 4 0
Shipping Co.,
Ltd.
Shandong
Zhonglu
Oceanic Food 75,593,300.0 332,212,992. 216,583,956. 232,762,468. 9,061,661.
Subsidiary 8,679,009.21
(Yantai) processing 0 74 42 89 60
Foods Co.,
Ltd.
HABITAT
INTERNATI
Refrigeration 12,476,145.6 255,059,187. 179,250,049. 30,290,258.0 3,718,563.
ONAL Subsidiary 3,718,563.36
transport 0 64 81 4 36
CORPORAT
ION
Particular about subsidiaries obtained or disposed in report period
□ Applicable √ Not applicable
Notes of main holding company and stock-jointly companies
Shandong Zhonglu Haiyan Deep-sea Fishery Co., Ltd : During the reporting period, the operating profit was
-16,355,711.42 yuan, a 1170.90% decrease compared with the same period last year. The main reasons for the
decrease were as follows: The company did not received the international performance capacity improvement
appropriated by the financial department during the reporting period, while subsidies of 880.48 million yuan was
received for the same period last year; The company's ocean-going fishery business had declines in both catch and
sales in the first half of this year due to the extension of the fishing off season; Affected by the pandemic, prices
remained low, and major tuna markets such as Japan and the United States have been shrinking, resulting in a
decline in profits.
Shandong Zhonglu Fishery Shipping Co.,Ltd.: During the reporting period, the operating profit was -89,798.09
yuan, a 104.19% decrease compared with the same period last year. The main reasons for the decrease were as
follows: Due to the impact of the pandemic, the number of off-hire days of ships was increased due to the shift
20
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
change of crew members, resulting in the decrease of ship charter income, while the shift change of crew
members and the increase in ship maintenance costs plus the large exchange loss in the current period resulted in
the decline in profits.
Shandong Zhonglu Oceanic (Yantai) Foods Co.,Ltd.: During the reporting period, the operating profit was
9,061,661.60 yuan, a 229.74% increase compared with the same period last year. The main reasons for the
increase were as follows: The domestic consumption market was gradually booming, and the domestic sales
increased year on year; in addition, the procurement cost of fishery harvesting was effectively controlled, and the
production and processing cost was appropriately reduced.
HABITAT INTERNATIONAL CORPORATION: During the reporting period, the operating profit was
3,718,563.36 yuan, a 68.47% decrease compared with the same period last year. The main reasons for the decrease
were as follows: Due to the impact of the pandemic, the number of off-hire days of ships was increased due to the
shift change of crew members, resulting in the decrease of ship charter income, while the shift change of crew
members and the increase in ship maintenance costs plus the large exchange loss in the current period resulted in
the decline in profits.
IX. Structured vehicle controlled by the Company
□Applicable √Not applicable
X. Risks and countermeasures
1. Risk of fishery resource fluctuations. Fishery resources usually have fluctuations, and sometimes the
fluctuations are large, the greater the decline in resources, the greater the impact on the company’s efficiency.
Periodic changes in resources, climate and hydrology conditions can all cause fluctuations in fishery resources.
Countermeasures: Explore new fishing grounds and scientifically dispatch, upgrading fishing production
equipment, and gradually renew production vessels. Make scientific and reasonable arrangements for ship
maintenance, equipment maintenance, materials, fish bait, spare parts, and personnel logistics support to ensure
the shipping rate.
2. Market risks. The impact of COVID-19 pandemic on the aquatic products processing industry has been
lingering. In the first quarter, the domestic market warmed up and domestic sales recovered to the level before the
pandemic, but the outbreak of COVID-19 pandemic in the second quarter caused the market to shrink rapidly.
Countermeasures: Accelerate the construction of a new pattern of domestic major cycle as the main body, and
mutual promotion between domestic and international dual cycle. Precisely connect with domestic market,
research and develop marketable cooked food, and broaden domestic marketing channels.
3. The risk that the first-line production technicians cannot rotate. Due to the restrictions of the pandemic
21
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
prevention and control policies of overseas countries, the crew cannot rotate on time, which brings risks to the
safety of the company's ships and the health of the crew. The cost of flight tickets for crew to change shifts abroad
is high, and the cost of quarantine for inbound personnel is high.
Countermeasures: Make full use of network tools to make plans and work arrangements in advance, implement
remote command, and guide to carry out various internal audits and ship repairs on board so as to solve the
problem that shore-based personnel cannot carry out audits and dock repairs on board due to the pandemic and
ensure the safety of shore-based personnel and the smooth progress of all work.
4. Risk of exchange rate fluctuations. The exchange rate of RMB against US dollar continues to appreciate.
Although the foreign trade situation continues to improve, under the influence of the shortage of raw materials,
rise in prices and continuous appreciation of RMB, large orders and thin profits cannot cover the losses caused by
the exchange rate changes.
Countermeasures: Pay close attention to the exchange rate trend, timely make settlement of foreign exchange, and
reduce the exchange rate risk.
5. Risk of security incident
Countermeasures: Adhere to the safe production system, implement safety production measures, unremittingly
pay close attention to safety education, eliminate major safety accidents, and effectively implement safety
production as the top priority of production management.
22
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Section IV Corporate Governance
I. In the report period, the Company held annual shareholders’ general meeting and
extraordinary shareholders’ general meeting
1. Annual Shareholders’ General Meeting in the report period
Ratio of investor
Session of meeting Type Date Date of disclosure Resolution
participation
“Annual General
Meeting of 2020”
(No.: 2021-17)
Annual General published on China
AGM 48.81% 27 May 2021 28 May 2021
Meeting of 2020 Securities Journal,
Hong Kong
Commercial Daily
and Juchao Website
2. Request for extraordinary general meeting by preferred stockholders whose voting rights restore
□ Applicable √ Not applicable
II. Changes of directors, supervisors and senior executives
√ Applicable □Not applicable
Name Title Type Date Reasons
Secretary of the
Liang Shanglei Appoint 2 Feb. 2021 Appoint
Board
Liang Shanglei Staff Director Leave office 24 Jun. 2021 Work reasons
III. Profit distribution plan and capitalizing of common reserves plan for the Period
□ Applicable √ Not applicable
The Company has no plans of cash dividend distributed, no bonus shares and has no share converted from capital reserve either for
the semi-annual
IV. Implementation of the company’s stock incentive plan, employee stock ownership plan or
other employee incentives
□ Applicable √ Not applicable
23
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
During the reporting period, the company has no stock incentive plan, employee stock ownership plan or other employee incentives
that have not been implemented.
24
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Section V. Environmental and Social Responsibility
I. Material environmental protection
Listed company and its subsidiary belongs to the key pollution enterprise listed by Department of Environmental Protection
□Yes √No
Administrative penalties imposed for environmental issues during the reporting period
Impact on the
production &
Company/Subsidiary Reasons for penalty Violation situation Penalty results Corrective measures
operation of the
listed company
Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable
Other environmental information disclosed with reference to the key emission units
Not applicable
Reasons for not disclosing other environmental information
The Company and its subsidiaries do not belong to the key emission units announced by the environmental protection department,
and there is no other environmental information that needs to be disclosed.
II. Social responsibility
The Company did not carry out poverty alleviation and rural revitalization work during the reporting period for the time being.
25
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Section VI Important Events
I. Commitments that the actual controller, shareholders, related party, buyer and the Company have
fulfilled during the reporting period and the overdue commitments as of the end of the reporting period
√Applicable □Not applicable
Type of Content of Commitment Commitment Implementatio
Commitments Promise
commitments commitments date term n
Commitments for
Share Merger Reform
1. The
Company
does not
directly or
indirectly own
any shares or
equity in other
enterprises
that may
cause
horizontal
competition
Shandong with Zhonglu Continuous
State-owned Oceanic and effective
Assets Inter-industry (hereinafter during the
Commitments in report of In
Investment Competition collectively 2018-07-23 time with
acquisition or equity change performance
Holding Commitment referred to as controlling of
Company “competitive the Zhonglu
Limited enterprise”) or Oceanic
own any
interest in any
competing
enterprise, and
will not
directly or
indirectly
invest or
purchase the
competitive
enterprises; 2.
For any
26
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
business
opportunities
obtained by
the Company
and other
enterprises
controlled by
the Company
from any third
party that
constitute or
may constitute
substantial
competition
with the
business of
Zhonglu
Oceanic, the
Company will
immediately
notify
Zhonglu
Oceanic and
give these
business
opportunities
to Zhonglu
Oceanic so as
to avoid the
horizontal
competition or
potential
horizontal
competition
with Zhonglu
Oceanic; 3.
The Company
and other
companies
controlled by
the Company
will not
provide
business
27
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
secrets such as
technical
information,
technological
process, and
sales channels
for other
companies,
enterprises,
organizations
or individuals
that have
business
constituting
competition
with the
business of
Zhonglu
Oceanic. 4.
The Company
promises not
to damage the
interests of
Zhonglu
Oceanic and
other
shareholders
of Zhonglu
Oceanic by
utilizing the
position of
controlling
shareholder;
5. The
Company is
willing to bear
the direct and
indirect
economic
losses,
liability
claims and
additional
expenses
28
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
caused by the
violation of
above
commitments
to Zhonglu
Oceanic.
1. The related
transactions
between the
Company and
other
companies
controlled by
the Company
and Zhonglu
Oceanic are
strictly in
compliance
with the
relevant
provisions of
laws and
Shandong Continuous
regulations,
State-owned and effective
and will be
Assets Related party during the
conducted on In
Investment transaction 2018-07-23 time with
an equal and performance
Holding commitment controlling of
voluntary
Company the Zhonglu
basis in
Limited Oceanic
accordance
with the
principles of
fairness and
equivalence,
prices will be
determined at
a reasonable
price
recognized by
the market. 2.
The Company
and other
enterprises
controlled by
the Company
29
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
will strictly
abide by the
provisions on
the avoidance
of related
transactions in
the articles of
association of
Zhonglu
Oceanic, and
the related
transactions
involved will
be conducted
in accordance
with the
decision-maki
ng procedures
of related
transactions of
Zhonglu
Oceanic, and
will perform
legal
procedures
and
information
disclosure
obligations. 3.
The Company
and other
enterprises
controlled by
the Company
guarantee
strict
compliance
with laws,
regulations
and regulatory
documents
and the
relevant
provisions of
30
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
the articles of
association of
Zhonglu
Oceanic, and
exercise
shareholder
rights and
perform
shareholder
obligations on
an equal basis
with other
shareholders
in accordance
with legal
procedures,
and don’t seek
improper
interests or
harm the
legitimate
rights and
interests of
Zhonglu
Oceanic and
other
shareholders
by utilizing
the position of
controlling
shareholder. 4.
The above
commitments
continue to be
effective
during the
period that the
Company
controls
Zhonglu
Oceanic. If the
Company fails
to perform the
commitments
31
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
made in this
commitment
letter and
causes losses
and
consequences
to Zhonglu
Oceanic, the
Company will
bear the
corresponding
liability for
damage.
Commitments in assets reorganization
Commitments make in initial public
offering or re-financing
Equity incentive commitment
Other commitments for medium and
small shareholders
Completed on time (Y/N) Y
II. Non-operational fund occupation from controlling shareholders and its related party
□ Applicable √ Not applicable
No non-operational fund occupation from controlling shareholders and its related party in period.
III. External guarantee against the regulation
□ Applicable √Not applicable
No external guarantee against the regulation occurred in the period
IV. Appointment and non-reappointment (dismissal) of CPA
Whether the financial report has been audited or not
□Yes √No
The financial report has not been audited
V. Explanation on “Qualified Opinion” from CPA by the Board and Supervisory Committee
□Applicable √Not applicable
32
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
VI. Explanation from the Board for “Qualified Opinion” of last year’s
□Applicable √Not applicable
VII. Bankruptcy reorganization
□ Applicable √ Not applicable
No bankruptcy reorganization for the Company in reporting period.
VIII. Lawsuits
Material lawsuits and arbitration
□ Applicable √ Not applicable
No material lawsuits and arbitration in the reporting
Other lawsuits
□ Applicable √ Not applicable
IX. Penalty and rectification
□ Applicable √ Not applicable
No penalty and rectification for the Company in reporting period.
X. Integrity of the company and its controlling shareholders and actual controllers
√Applicable □Not applicable
The company and its controlling shareholders and actual controllers do not have a relatively large amount of due existing debt with
court's effective judgments.
XI. Material related transactions
1. Related transaction with daily operation concerned
□ Applicable √ Not applicable
No related transaction with daily operation concerned for the Company in reporting period.
2. Related transactions by assets acquisition and sold
□ Applicable √ Not applicable
No related transactions by assets acquisition and sold for the Company in reporting period.
33
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
3. Main related transactions of mutual investment outside
□ Applicable √ Not applicable
No main related transactions of mutual investment outside for the Company in reporting period
4. Contact of related credit and debt
□ Applicable √ Not applicable
No contact of related credit and debt for the Company in reporting period
5. Transactions with related finance companies and finance companies controlled by the Company
□ Applicable √ Not applicable
No deposits, loans, credit or other financial operations occurred between the Company and related finance companies, the finance
companies controlled by the Company and related parties in the period.
6. Other material related transactions
√Applicable □Not applicable
The “Proposal to Conduct Business as Deposit and Loans in Affiliated Banks” was deliberated and approved by 12th session of 7th
BOD and AGM of 2020, the Company plans to conducting the deposit and loan business with a related party- Dezhou Bank Co., Ltd.
As of the period-end, the balance of deposit in Dezhou Bank counted as 67,872.83 yuan, interest was 1,329.03 yuan, and had not
entered into any loan contract with Dezhou Bank.
Related inquiry of the website for material related transaction disclosure
Name of interim announcement Disclosure date Website for disclosure
Notice on Conduct Business as Deposit and
2021-03-19 Juchao Website(http://www.cninfo.com.cn)
Loans in Affiliated Banks
XII. Major contract and implantation
1. Trusteeship, contract and leasing
(1) Trusteeship
□ Applicable √ Not applicable
The Company had no trusteeship in the reporting period.
(2) Contract
□ Applicable √ Not applicable
The Company had no contract in the reporting period.
34
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
(3) Leasing
□ Applicable √ Not applicable
The Company had no leasing in the reporting period.
2. Major guarantee
□ Applicable √ Not applicable
The Company had no guarantee in the reporting period.
3. Trust financing
□ Applicable √ Not applicable
The company had no trust financing in the reporting period.
4. Material contracts for daily operations
□ Applicable √Not applicable
5. Other material contracts
□ Applicable √ Not applicable
The Company had no other material contracts in the reporting period.
XIII. Explanation on other significant events
√Applicable □Not applicable
On 26 April 2021. the Company entered into the “Investment Agreement of ‘Standard Land’ of Zhonglu Oceanic Innovation
Industrial Park” with the Management Committee of China-Shanghai Cooperation Organization Local Economic & Trade
Cooperation Demonstration Zone, found more on the “Notice on Signing the Investment Agreement”(Notice No.: 2021-12) released
on Juchao Website (http://www.cninfo.com.cn) dated 27 April 2021.
XVIII. Significant event of subsidiary of the Company
□Applicable √Not applicable
35
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Section VII. Changes in Shares and Particulars about Shareholders
I. Changes in Share Capital
1. Changes in Share Capital
Unit: share
Before the Change Increase/Decrease in the Change (+, -) After the Change
Capitalizat
ion of
Amount Ratio New issue Bonus Other Subtotal Amount Ratio
public
reserve
128,071,3 128,071,3
I. Unlisted shares 48.13% 48.13%
20 20
128,071,3 128,071,3
1. Sponsor shares 48.13% 48.13%
20 20
Including: State-owned 127,811,3 127,811,3
48.04% 48.04%
shares 20 20
Domestic corporate
260,000 0.09% 260,000 0.09%
shares
Foreign corporate
shares
Other
2. Raise legal persons
shares
3. Internal employee
shares
4. Preferred stock or
other
138,000,0 138,000,0
II. Listed shares 51.87% 51.87%
00 00
1. RMB ordinary shares
2. Domestically listed 138,000,0 138,000,0
51.87% 51.87%
foreign shares 00 00
3. Foreign listed foreign
shares
4. Other
36
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
266,071,3 266,071,3
III. Total shares 100.00% 100.00%
20 20
Reasons for share changed
□ Applicable √ Not applicable
Approval of share changed
□ Applicable √ Not applicable
Ownership transfer of share changed
□ Applicable √ Not applicable
Progress of shares buy-back
□ Applicable √ Not applicable
Implementation progress of reducing holdings of shares buy-back by centralized bidding
□ Applicable √ Not applicable
Influence on the basic EPS and diluted EPS as well as other financial indexes of net assets per share attributable to common
shareholders of Company in latest year and period
□ Applicable √ Not applicable
Other information necessary to disclose or need to disclosed under requirement from security regulators
□ Applicable √ Not applicable
2. Changes of lock-up stocks
□ Applicable √ Not applicable
II. Securities issuance and listing
□ Applicable √ Not applicable
III. Amount of shareholders of the Company and particulars about shares holding
Unit: share
Total preference shareholders
Total common stock
with voting rights recovered at
shareholders in reporting 10,659 0
end of reporting period (if
period-end
applicable) (see note 8)
Particulars about common shares held above 5% by shareholders or top ten common shareholders
Total Amount Amount Number of shares pledged/frozen
common of of listed
sharehol Changes unlisted outstand
Full name of Nature of Proportion of
ders at in report outstand ing
Shareholders shareholder shares held
State of share Amount
the end period ing common
of report common shares
period shares held
37
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
held
Shandong
State-owned
Assets
State-owned legal 125,731, 125,731,
Investment 47.25%
person 320 320
Holding
Company
Limited
Foreign nature 5,760,42 5,760,42
Chen Tianming 2.16%
person 7 7
Domestic nature 5,002,04 5,002,04
Zhu Shuzhen 1.88% 135500
person 6 6
Domestic nature 4,504,71 4,504,71
Cai Yujiu 1.69% 453200
person 1 1
GUOTAI
JUNAN
Foreign legal 2,506,68 2,506,68
SECURITIES( 0.94% 371000
person 5 5
HONGKONG)
LIMITED
China National
Heavy Duty
State-owned legal 1,950,00 1,950,00
Truck Group 0.73%
person 0 0
Jinan Truck
LLC
Shenwan
Foreign legal 1,897,85 1,897,85
HongYuan 0.71%
person 4 4
(H.K.) Limited
Ouyang Domestic nature 1,817,60 1,817,60
0.68% 564600
Guifang person 0 0
Domestic nature 1,500,00 1,500,00
Lin Mingyu 0.56% 27000
person 1 1
Haitong
International
Securities Foreign legal 1,401,53 1,401,53
0.53% -717200
Company person 6 6
Limited-Accou
nt Client
Strategy investor or general legal
person becoming the top 10
Not applicable
common shareholders by placing
new shares (if applicable) (see note
38
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
3)
Shandong State-owned Assets Investment has 20% shares of China National Heavy Duty
Truck Group Jinan Truck LLC.(During the reporting period, Shandong SDIC entrusted
Explanation on associated Shandong Heavy Industry Group Co., Ltd. to exercise other shareholder’s rights of its 20%
relationship among the aforesaid stock equity in Sinotruk Group except for the assets income right.) Rests of the shareholders
shareholders are the domestically listed foreign shareholders, and the Company is unknown whether there
exists associated relationship or belongs to consistent actor regulated by “management method
for acquisition of listed company” among the above said shareholders
Description of the
delegate/entrusted voting rights and
N/A
abstain from voting for the above
shareholders
Shareholding of top 10 circulated common shareholders
Amount of listed common shares held at end of the Type of shares
Shareholders
Period Type Amount
Domestically
Chen Tianming 5,760,427 listed foreign 5,760,427
shares
Domestically
Zhu Shuzhen 5,002,046 listed foreign 5,002,046
shares
Domestically
Cai Yujiu 4,504,711 listed foreign 4,504,711
shares
GUOTAI JUNAN Domestically
SECURITIES(HONGKONG) 2,506,685 listed foreign 2,506,685
LIMITED shares
Domestically
Shenwan HongYuan (H.K.) Limited 1,897,854 listed foreign 1,897,854
shares
Domestically
Ouyang Guifang 1,817,600 listed foreign 1,817,600
shares
Domestically
Lin Mingyu 1,500,001 listed foreign 1,500,001
shares
Domestically
Haitong International Securities
1,401,536 listed foreign 1,401,536
Company Limited-Account Client
shares
Huang Jiayi 1,048,687 Domestically 1,048,687
39
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
listed foreign
shares
Domestically
Wang Dongsheng 991,403 listed foreign 991,403
shares
Expiation on associated relationship
or consistent actors within the top
The Company is unknown whether there exists associated relationship or belongs to consistent
10 un-lock up common shareholders
actor regulated by “management method for acquisition of listed company” among the above
and between top 10 un-lock up
said shareholders.
common shareholders and top 10
common shareholders
Explanation on top 10 common
shareholders involving margin Not applicable
business (if applicable) (see note 4)
Whether top ten common stock shareholders or top ten common stock shareholders with un-lock up shares held have a buy-back
agreement dealing in reporting period
□ Yes √ No
The top ten common stock shareholders or top ten common stock shareholders with un-lock up shares held of the Company have no
buy-back agreement dealing in reporting period.
IV. Changes of shares held by directors, supervisors and senior executives
□ Applicable √ Not applicable
Shares held by directors, supervisors and senior executives have no changes in reporting period, found more details in Annual Report
2020.
V. Changes in controlling shareholders or actual controllers
Change of controlling shareholder during the reporting period
□ Applicable √ Not applicable
The Company had no change of controlling shareholder during the reporting period
Change of actual controller during the reporting period
□ Applicable √ Not applicable
The Company had no change of actual controller during the reporting period
40
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Section VIII. Preferred Stock
□ Applicable √ Not applicable
The Company had no preferred stock in the Period.
41
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Section IX. Corporate Bonds
□ Applicable √ Not applicable
42
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Section X. Financial Report
I. Audit report
Whether the semi annual report is audited
□ Yes √ No
The company's semi annual financial report has not been audited
II. Financial Statement
Statement in Financial Notes are carried in RMB/CNY
1. Consolidated Balance Sheet
Prepared by: Shandong Zhonglu Oceanic Fisheries Co., Ltd.
In RMB/CNY
Item June 30, 2021 December 31, 2020
Current assets:
Monetary funds 187,089,439.29 255,811,982.21
Settlement provisions
Capital lent
Trading financial assets 5,000,000.00
Derivative financial assets
Note receivable
Account receivable 74,739,003.41 66,263,029.81
Receivable financing
Accounts paid in advance 25,435,870.73 17,764,804.55
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Other account receivable 1,547,348.26 2,293,236.85
Including: Interest receivable
Dividend receivable
Buying back the sale of financial
assets
43
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Inventories 341,131,064.35 338,885,629.06
Contractual assets
Assets held for sale
Non-current asset due within one
year
Other current assets 10,152,862.33 14,567,946.82
Total current assets 640,095,588.37 700,586,629.30
Non-current assets:
Loans and payments on behalf
Debt investment
Other debt investment
Long-term account receivable
Long-term equity investment
Investment in other equity
instrument
Other non-current financial assets
Investment real estate 30,771,971.09 31,435,009.43
Fixed assets 498,650,354.92 506,290,822.70
Construction in progress 4,886,559.70 3,705,815.70
Productive biological asset
Oil and gas asset
Right-of-use assets
Intangible assets 12,440,120.93 12,811,879.55
Expense on Research and
Development
Goodwill
Long-term expenses to be
167,759.28 317,044.17
apportioned
Deferred income tax asset 1,678,658.87 1,744,636.98
Other non-current asset 2,394,857.06 2,719,397.06
Total non-current asset 550,990,281.85 559,024,605.59
Total assets 1,191,085,870.22 1,259,611,234.89
Current liabilities:
Short-term loans 32,255,072.36 41,268,275.50
Loan from central bank
44
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Capital borrowed
Trading financial liability
Derivative financial liability
Note payable
Account payable 49,252,207.16 69,897,839.19
Accounts received in advance
Contractual liability 9,766,243.11 12,453,619.79
Selling financial asset of
repurchase
Absorbing deposit and interbank
deposit
Security trading of agency
Security sales of agency
Wage payable 21,974,114.11 41,862,349.06
Taxes payable 2,143,870.89 2,825,413.78
Other account payable 12,321,536.66 8,487,724.32
Including: Interest payable
Dividend payable
Commission charge and
commission payable
Reinsurance payable
Liability held for sale
Non-current liabilities due within
one year
Other current liabilities 40,511.99 108,248.84
Total current liabilities 127,753,556.28 176,903,470.48
Non-current liabilities:
Insurance contract reserve
Long-term loans
Bonds payable
Including: Preferred stock
Perpetual capital
securities
Lease liability
Long-term account payable
45
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Long-term wages payable 1,121,476.07 1,243,452.93
Accrual liability
Deferred income 13,862,677.85 14,488,797.24
Deferred income tax liabilities 1,412,058.26 1,451,751.23
Other non-current liabilities
Total non-current liabilities 16,396,212.18 17,184,001.40
Total liabilities 144,149,768.46 194,087,471.88
Owner’s equity:
Share capital 266,071,320.00 266,071,320.00
Other equity instrument
Including: Preferred stock
Perpetual capital
securities
Capital public reserve 284,054,997.75 284,054,997.75
Less: Inventory shares
Other comprehensive income -15,250,314.75 -12,783,539.13
Reasonable reserve 181,144.49
Surplus public reserve 21,908,064.19 21,908,064.19
Provision of general risk
Retained profit 335,038,558.65 343,997,929.71
Total owner’ s equity attributable to
892,003,770.33 903,248,772.52
parent company
Minority interests 154,932,331.43 162,274,990.49
Total owner’ s equity 1,046,936,101.76 1,065,523,763.01
Total liabilities and owner’ s equity 1,191,085,870.22 1,259,611,234.89
Legal Representative: Lu Lianxing
Person in Charge of Accounting: Fu Chuanhai
Person in Charge of Accounting Department: Lei Lixin
2. Balance Sheet of Parent Company
In RMB/CNY
Item June 30, 2021 December 31, 2020
Current assets:
46
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Monetary funds 22,550,690.06 32,186,883.39
Trading financial assets 5,000,000.00
Derivative financial assets
Note receivable
Account receivable 8,551,491.73 7,407,636.45
Receivable financing
Accounts paid in advance 3,521,421.45 1,873,295.83
Other account receivable 185,004,801.34 204,498,840.72
Including: Interest receivable
Dividend receivable 76,268,174.94 101,777,374.94
Inventories 67,795,679.13 49,561,762.59
Contractual assets
Assets held for sale
Non-current assets maturing within
one year
Other current assets 2,314,744.70 2,174,139.54
Total current assets 289,738,828.41 302,702,558.52
Non-current assets:
Debt investment
Other debt investment
Long-term receivables 4,638,972.01 4,411,879.43
Long-term equity investments 232,189,455.23 232,189,455.23
Investment in other equity
instrument
Other non-current financial assets
Investment real estate 30,771,971.09 31,435,009.43
Fixed assets 51,192,899.55 54,478,042.63
Construction in progress
Productive biological assets
Oil and natural gas assets
Right-of-use assets
Intangible assets 639,422.22 790,045.68
Research and development costs
Goodwill
Long-term deferred expenses
47
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Deferred income tax assets
Other non-current assets 394,857.06 394,857.06
Total non-current assets 319,827,577.16 323,699,289.46
Total assets 609,566,405.57 626,401,847.98
Current liabilities:
Short-term borrowings
Trading financial liability
Derivative financial liability
Notes payable
Account payable 7,953,204.26 7,330,041.56
Accounts received in advance
Contractual liability 2,218,663.78 2,228,473.01
Wage payable 6,452,666.44 10,254,765.98
Taxes payable 159,832.24 674,445.26
Other accounts payable 76,030,684.87 78,050,679.94
Including: Interest payable
Dividend payable
Liability held for sale
Non-current liabilities due within
one year
Other current liabilities 71,483.32
Total current liabilities 92,815,051.59 98,609,889.07
Non-current liabilities:
Long-term loans
Bonds payable
Including: Preferred stock
Perpetual capital
securities
Lease liability
Long-term account payable
Long term employee compensation
753,963.79 875,940.65
payable
Accrued liabilities
Deferred income
Deferred income tax liabilities
48
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Other non-current liabilities
Total non-current liabilities 753,963.79 875,940.65
Total liabilities 93,569,015.38 99,485,829.72
Owners’ equity:
Share capital 266,071,320.00 266,071,320.00
Other equity instrument
Including: Preferred stock
Perpetual capital
securities
Capital public reserve 279,115,900.17 279,115,900.17
Less: Inventory shares
Other comprehensive income
Special reserve
Surplus reserve 19,184,672.34 19,184,672.34
Retained profit -48,374,502.32 -37,455,874.25
Total owner’s equity 515,997,390.19 526,916,018.26
Total liabilities and owner’s equity 609,566,405.57 626,401,847.98
3. Consolidated Profit Statement
In RMB/CNY
Item Semi-annual of 2021 Semi-annual of 2020
I. Total operating income 356,353,923.85 375,590,835.67
Including: Operating income 356,353,923.85 375,590,835.67
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 372,043,521.19 384,483,261.23
Including: Operating cost 338,791,986.63 353,368,335.26
Interest expense
Commission charge and
commission expense
Cash surrender value
Net amount of expense of
compensation
49
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Net amount of withdrawal of
insurance contract reserve
Bonus expense of guarantee
slip
Reinsurance expense
Tax and extras 1,108,386.08 1,261,394.12
Sales expense 1,469,652.94 8,387,357.40
Administrative expense 26,604,847.70 21,578,117.77
R&D expense 49,775.28
Financial expense 4,068,647.84 -161,718.60
Including: Interest
908,617.14 1,290,415.47
expenses
Interest income 358,030.77 375,178.04
Add: Other income 835,918.84 19,034,020.39
Investment income (Loss is
49,972.60 54,131.01
listed with “-”)
Including: Investment income
on affiliated company and joint venture
The termination of income
recognition for financial assets measured
by amortized cost
Exchange income (Loss is
listed with “-”)
Net exposure hedging income
(Loss is listed with “-”)
Income from change of fair
value (Loss is listed with “-”)
Loss of credit impairment
-188,375.87 -1,169,489.97
(Loss is listed with “-”)
Losses of devaluation of asset
-241,910.58 -1,151,903.20
(Loss is listed with “-”)
Income from assets disposal
-41,980.15 55,893.20
(Loss is listed with “-”)
III. Operating profit (Loss is listed with
-15,275,972.50 7,930,225.87
“-”)
Add: Non-operating income 34,284.70 10,122,538.63
Less: Non-operating expense 7,221.58 693,969.08
50
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
IV. Total profit (Loss is listed with “-”) -15,248,909.38 17,358,795.42
Less: Income tax expense 399,605.91 597,651.69
V. Net profit (Net loss is listed with “-”) -15,648,515.29 16,761,143.73
(i) Classify by business continuity
1.continuous operating net profit
-15,648,515.29 16,761,143.73
(net loss listed with ‘-”)
2.termination of net profit (net loss
listed with ‘-”)
(ii) Classify by ownership
1.Net profit attributable to owner’s
-8,959,371.06 16,135,719.93
of parent company
2.Minority shareholders’ gains and
-6,689,144.23 625,423.80
losses
VI. Net after-tax of other comprehensive
-3,120,290.45 2,340,778.64
income
Net after-tax of other comprehensive
income attributable to owners of parent -2,466,775.62 1,303,508.70
company
(I) Other comprehensive income
items which will not be reclassified
subsequently to profit of loss
1.Changes of the defined
benefit plans that re-measured
2.Other comprehensive
income under equity method that cannot
be transfer to gain/loss
3.Change of fair value of
investment in other equity instrument
4.Fair value change of
enterprise's credit risk
5. Other
(ii) Other comprehensive income
items which will be reclassified -2,466,775.62 1,303,508.70
subsequently to profit or loss
1.Other comprehensive
income under equity method that can
transfer to gain/loss
2.Change of fair value of
51
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
other debt investment
3.Amount of financial assets
re-classify to other comprehensive
income
4.Credit impairment
provision for other debt investment
5.Cash flow hedging reserve
6.Translation differences
arising on translation of foreign currency -2,466,775.62 1,303,508.70
financial statements
7.Other
Net after-tax of other comprehensive
income attributable to minority -653,514.83 1,037,269.94
shareholders
VII. Total comprehensive income -18,768,805.74 19,101,922.37
Total comprehensive income
-11,426,146.68 17,439,228.63
attributable to owners of parent Company
Total comprehensive income
-7,342,659.06 1,662,693.74
attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share -0.03 0.06
(ii) Diluted earnings per share -0.03 0.06
Enterprise combine under the same control in the Period, the combined party realized net profit of 0 Yuan before combination, and
realized 0 Yuan at last period for combined party
Legal Representative: Lu Lianxing
Person in Charge of Accounting: Fu Chuanhai
Person in Charge of Accounting Department: Lei Lixin
4. Profit Statement of Parent Company
In RMB/CNY
Item Semi-annual of 2021 Semi-annual of 2020
I. Operating income 35,533,846.86 32,245,432.56
Less: Operating cost 31,789,528.69 29,487,279.57
Taxes and surcharge 305,349.92 373,646.54
Sales expenses 133,261.11 164,061.94
52
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Administration expenses 13,922,396.19 11,215,607.85
R&D expenses
Financial expenses 293,432.07 -534,611.85
Including: Interest
9,200.53
expenses
Interest
59,885.45 51,639.77
income
Add: Other income 36,064.46 8,237,896.28
Investment income (Loss is
49,972.60 54,131.01
listed with “-”)
Including: Investment income
on affiliated Company and joint venture
The termination of
income recognition for financial assets
measured by amortized cost (Loss is
listed with “-”)
Net exposure hedging income
(Loss is listed with “-”)
Changing income of fair
value (Loss is listed with “-”)
Loss of credit impairment
-108,023.83 29,101.26
(Loss is listed with “-”)
Losses of devaluation of asset
(Loss is listed with “-”)
Income on disposal of assets
55,893.20
(Loss is listed with “-”)
II. Operating profit (Loss is listed with
-10,932,107.89 -83,529.74
“-”)
Add: Non-operating income 13,479.82 30.00
Less: Non-operating expense 290,132.05
III. Total Profit (Loss is listed with “-”) -10,918,628.07 -373,631.79
Less: Income tax 134,566.66
IV. Net profit (Net loss is listed with
-10,918,628.07 -508,198.45
“-”)
(i) continuous operating net profit
-10,918,628.07 -508,198.45
(net loss listed with ‘-”)
(ii) termination of net profit (net
loss listed with ‘-”)
53
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
V. Net after-tax of other comprehensive
income
(i) Other comprehensive income
items which will not be reclassified
subsequently to profit of loss
1.Changes of the defined
benefit plans that re-measured
2.Other comprehensive
income under equity method that cannot
be transfer to gain/loss
3.Change of fair value of
investment in other equity instrument
4.Fair value change of
enterprise's credit risk
5. Other
(ii) Other comprehensive income
items which will be reclassified
subsequently to profit or loss
1.Other comprehensive
income under equity method that can
transfer to gain/loss
2.Change of fair value of
other debt investment
3.Amount of financial
assets re-classify to other
comprehensive income
4.Credit impairment
provision for other debt investment
5.Cash flow hedging
reserve
6.Translation differences
arising on translation of foreign
currency financial statements
7.Other
VI. Total comprehensive income -10,918,628.07 -508,198.45
VII. Earnings per share:
(i) Basic earnings per share
(ii) Diluted earnings per share
54
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
5. Consolidated Cash Flow Statement
In RMB/CNY
Item Semi-annual of 2021 Semi-annual of 2020
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 338,552,894.58 345,543,772.43
services
Net increase of customer deposit
and interbank deposit
Net increase of loan from central
bank
Net increase of capital borrowed
from other financial institution
Cash received from original
insurance contract fee
Net cash received from reinsurance
business
Net increase of insured savings
and investment
Cash received from interest,
commission charge and commission
Net increase of capital borrowed
Net increase of returned business
capital
Net cash received by agents in sale
and purchase of securities
Write-back of tax received 15,024,792.81 27,911,364.58
Other cash received concerning
5,331,315.56 29,222,982.06
operating activities
Subtotal of cash inflow arising from
358,909,002.95 402,678,119.07
operating activities
Cash paid for purchasing
commodities and receiving labor 310,180,699.31 310,458,279.86
service
Net increase of customer loans and
advances
Net increase of deposits in central
55
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
bank and interbank
Cash paid for original insurance
contract compensation
Net increase of capital lent
Cash paid for interest, commission
charge and commission
Cash paid for bonus of guarantee
slip
Cash paid to/for staff and workers 68,101,993.18 65,604,976.15
Taxes paid 6,066,756.95 6,133,273.62
Other cash paid concerning
25,470,154.01 32,653,377.25
operating activities
Subtotal of cash outflow arising from
409,819,603.45 414,849,906.88
operating activities
Net cash flows arising from operating
-50,910,600.50 -12,171,787.81
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
5,000,000.00
investment
Cash received from investment
49,972.60 54,131.01
income
Net cash received from disposal of
fixed, intangible and other long-term 13,240.00 22,055,057.42
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
investing activities
Subtotal of cash inflow from investing
5,063,212.60 22,109,188.43
activities
Cash paid for purchasing fixed,
10,253,125.39 2,145,070.00
intangible and other long-term assets
Cash paid for investment 10,000,000.00
Net increase of mortgaged loans
Net cash received from
subsidiaries and other units obtained
Other cash paid concerning
56
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
investing activities
Subtotal of cash outflow from investing
10,253,125.39 12,145,070.00
activities
Net cash flows arising from investing
-5,189,912.79 9,964,118.43
activities
III. Cash flows arising from financing
activities:
Cash received from absorbing
investment
Including: Cash received from
absorbing minority shareholders’
investment by subsidiaries
Cash received from loans 24,834,164.92 16,971,420.99
Other cash received concerning
financing activities
Subtotal of cash inflow from financing
24,834,164.92 16,971,420.99
activities
Cash paid for settling debts 33,670,136.15 23,170,050.24
Cash paid for dividend and profit
1,004,775.53 1,304,694.91
distributing or interest paying
Including: Dividend and profit of
minority shareholder paid by
subsidiaries
Other cash paid concerning
financing activities
Subtotal of cash outflow from financing
34,674,911.68 24,474,745.15
activities
Net cash flows arising from financing
-9,840,746.76 -7,503,324.16
activities
IV. Influence on cash and cash
equivalents due to fluctuation in -2,938,712.59 1,096,336.89
exchange rate
V. Net increase of cash and cash
-68,879,972.64 -8,614,656.65
equivalents
Add: Balance of cash and cash
255,735,611.93 184,603,638.72
equivalents at the period -begin
VI. Balance of cash and cash
186,855,639.29 175,988,982.07
equivalents at the period -end
57
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
6. Cash Flow Statement of Parent Company
In RMB/CNY
Item Semi-annual of 2021 Semi-annual of 2020
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 17,698,634.68 22,978,886.95
services
Write-back of tax received 1,073.19 2,000.54
Other cash received concerning
12,443,413.94 11,946,999.88
operating activities
Subtotal of cash inflow arising from
30,143,121.81 34,927,887.37
operating activities
Cash paid for purchasing
commodities and receiving labor 16,826,989.61 16,522,497.80
service
Cash paid to/for staff and workers 19,957,927.95 17,342,332.23
Taxes paid 519,464.48 768,741.55
Other cash paid concerning
15,275,625.75 13,337,016.38
operating activities
Subtotal of cash outflow arising from
52,580,007.79 47,970,587.96
operating activities
Net cash flows arising from operating
-22,436,885.98 -13,042,700.59
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
5,000,000.00
investment
Cash received from investment
25,559,172.60 54,131.01
income
Net cash received from disposal of
fixed, intangible and other long-term 57,000.00
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
investing activities
Subtotal of cash inflow from investing 30,559,172.60 111,131.01
58
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
activities
Cash paid for purchasing fixed,
175,032.86 264,360.00
intangible and other long-term assets
Cash paid for investment 10,000,000.00
Net cash received from
subsidiaries and other units obtained
Other cash paid concerning
3,168,000.00
investing activities
Subtotal of cash outflow from investing
3,343,032.86 10,264,360.00
activities
Net cash flows arising from investing
27,216,139.74 -10,153,228.99
activities
III. Cash flows arising from financing
activities:
Cash received from absorbing
investment
Cash received from loans 24,834,164.92
Other cash received concerning
11,000,000.00
financing activities
Subtotal of cash inflow from financing
24,834,164.92 11,000,000.00
activities
Cash paid for settling debts 24,834,164.92
Cash paid for dividend and profit
distributing or interest paying
Other cash paid concerning
14,575,643.25 21,333,129.97
financing activities
Subtotal of cash outflow from financing
39,409,808.17 21,333,129.97
activities
Net cash flows arising from financing
-14,575,643.25 -10,333,129.97
activities
IV. Influence on cash and cash
equivalents due to fluctuation in 160,196.16 33,965.99
exchange rate
V. Net increase of cash and cash
-9,636,193.33 -33,495,093.56
equivalents
Add: Balance of cash and cash
32,186,883.39 56,205,332.78
equivalents at the period -begin
VI. Balance of cash and cash 22,550,690.06 22,710,239.22
59
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
equivalents at the period -end
7. Statement of Changes in Owners’ Equity (Consolidated)
Current Amount
In RMB/CNY
Semi-annual of 2021
Owners’ equity attributable to the parent Company
Other
equity instrument Other
Minori Total
Item Perpe Less: compr Provisi
Share Reaso Surplu Retain ty owners
tual Capital Invent ehensi on of Subtot
capita Prefe nable s ed Other interes ’
capit reserve ory ve genera al
l rred Other reserve reserve profit ts equity
al shares incom l risk
stock
secur e
ities
I. The ending 266,0 284,05 -12,78 21,908 343,99 903,24 162,27 1,065,
balance of the 71,32 4,997. 3,539. ,064.1 7,929. 8,772. 4,990. 523,76
previous year 0.00 75 13 9 71 52 49 3.01
Add: Changes
of accounting
policy
Error correction
of the last
period
Enterprise
combine under
the same control
Other
II. The
266,0 284,05 -12,78 21,908 343,99 903,24 162,27 1,065,
beginning
71,32 4,997. 3,539. ,064.1 7,929. 8,772. 4,990. 523,76
balance of the
0.00 75 13 9 71 52 49 3.01
current year
III. Increase/
Decrease in the -11,24 -18,58
-2,466, 181,14 -8,959, -7,342,
period 5,002. 7,661.
775.62 4.49 371.06 659.06
(Decrease is 19 25
listed with “-”)
(i) Total -11,42 -18,76
-2,466, -8,959, -7,342,
comprehensive 6,146. 8,805.
775.62 371.06 659.06
income 68 74
60
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
(ii) Owners’
devoted and
decreased
capital
1.Common
shares invested
by shareholders
2. Capital
invested by
holders of other
equity
instruments
3. Amount
reckoned into
owners equity
with
share-based
payment
4. Other
(iii) Profit
distribution
1. Withdrawal
of surplus
reserves
2. Withdrawal
of general risk
provisions
3. Distribution
for owners (or
shareholders)
4. Other
(iv) Carrying
forward internal
owners’ equity
1. Capital
reserves
conversed to
capital (share
capital)
2. Surplus
reserves
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
conversed to
capital (share
capital)
3. Remedying
loss with
surplus reserve
4. Carry-over
retained
earnings from
the defined
benefit plans
5. Carry-over
retained
earnings from
other
comprehensive
income
6. Other
(v) Reasonable 181,14 181,14 181,14
reserve 4.49 4.49 4.49
1. Withdrawal
541,94 541,94 541,94
in the report
1.58 1.58 1.58
period
2. Usage in the 360,79 360,79 360,79
report period 7.09 7.09 7.09
(vi) Others
VI. Balance at 266,0 284,05 -15,25 21,908 335,03 892,00 154,93 1,046,
181,14
the end of the 71,32 4,997. 0,314. ,064.1 8,558. 3,770. 2,331. 936,10
4.49
period 0.00 75 75 9 65 33 43 1.76
Amount of the previous period
In RMB/CNY
Semi-annual of 2020
Owners’ equity attributable to the parent Company
Other
Other
equity instrument Minorit
Less: compr Provisi Total
Item Share Reaso Surplu Retain y
Perp owners’
Capital Invent ehensi on of Subtot
capita Prefe etual nable s ed Other interest
reserve ory ve genera al equity
l rred capit Other reserve reserve profit s
shares incom l risk
stock al
e
secur
62
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
ities
I. The ending 266,0 284,05 21,908 314,46 887,20 1,045,1
707,15 157,934
balance of the 71,32 4,997. ,064.1 0,431. 1,969. 36,630.
6.17 ,660.45
previous year 0.00 75 9 58 69 14
Add: Changes
of accounting
policy
Error correction
of the last
period
Enterprise
combine under
the same
control
Other
II. The
266,0 284,05 21,908 314,46 887,20 1,045,1
beginning 707,15 157,934
71,32 4,997. ,064.1 0,431. 1,969. 36,630.
balance of the 6.17 ,660.45
0.00 75 9 58 69 14
current year
III. Increase/
Decrease in the 16,135 17,439
1,303, 1,662,6 19,101,
period ,719.9 ,228.6
508.70 93.74 922.37
(Decrease is 3 3
listed with “-”)
(i) Total 16,135 17,439
1,303, 1,662,6 19,101,
comprehensive ,719.9 ,228.6
508.70 93.74 922.37
income 3 3
(ii) Owners’
devoted and
decreased
capital
1.Common
shares invested
by shareholders
2. Capital
invested by
holders of other
equity
instruments
3. Amount
reckoned into
63
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
owners equity
with
share-based
payment
4. Other
(iii) Profit
distribution
1. Withdrawal
of surplus
reserves
2. Withdrawal
of general risk
provisions
3. Distribution
for owners (or
shareholders)
4. Other
(iv) Carrying
forward
internal
owners’ equity
1. Capital
reserves
conversed to
capital (share
capital)
2. Surplus
reserves
conversed to
capital (share
capital)
3. Remedying
loss with
surplus reserve
4. Carry-over
retained
earnings from
the defined
benefit plans
5. Carry-over
retained
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
earnings from
other
comprehensive
income
6. Other
(v) Reasonable
reserve
1. Withdrawal
in the report
period
2. Usage in the
report period
(vi) Others
VI. Balance at 266,0 284,05 21,908 330,59 904,64 1,064,2
2,010, 159,597
the end of the 71,32 4,997. ,064.1 6,151. 1,198. 38,552.
664.87 ,354.19
period 0.00 75 9 51 32 51
8. Statement of Changes in Owners’ Equity (Parent Company)
Current Amount
In RMB/CNY
Semi-annual of 2021
Other
equity instrument
Perpet Less: Other
Item Share Capital Reasona Total
compreh Surplus Retaine
Preferr ual Inventor ble Other owners’
capital reserve ensive reserve d profit
ed capital Other y shares reserve equity
income
stock securiti
es
I. The ending 266,07
279,115, 19,184,6 -37,455 526,916,0
balance of the 1,320.0
900.17 72.34 ,874.25 18.26
previous year 0
Add: Changes
of accounting
policy
Error
correction of the
last period
Other
II. The 266,07 279,115, 19,184,6 -37,455 526,916,0
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
beginning 1,320.0 900.17 72.34 ,874.25 18.26
balance of the 0
current year
III. Increase/
Decrease in the -10,918 -10,918,62
period (Decrease ,628.07 8.07
is listed with “-”)
(i) Total
-10,918 -10,918,62
comprehensive
,628.07 8.07
income
(ii) Owners’
devoted and
decreased capital
1.Common
shares invested
by shareholders
2. Capital
invested by
holders of other
equity
instruments
3. Amount
reckoned into
owners equity
with share-based
payment
4. Other
(iii) Profit
distribution
1. Withdrawal of
surplus reserves
2. Distribution
for owners (or
shareholders)
3. Other
(iv) Carrying
forward internal
owners’ equity
1. Capital
reserves
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
conversed to
capital (share
capital)
2. Surplus
reserves
conversed to
capital (share
capital)
3. Remedying
loss with surplus
reserve
4. Carry-over
retained earnings
from the defined
benefit plans
5. Carry-over
retained earnings
from other
comprehensive
income
6. Other
(v) Reasonable
reserve
1. Withdrawal in
the report period
2. Usage in the
report period
(vi) Others
VI. Balance at 266,07
279,115, 19,184,6 -48,374 515,997,3
the end of the 1,320.0
900.17 72.34 ,502.32 90.19
period 0
Amount of the previous period
In RMB/CNY
Semi-annual of 2020
Other
equity instrument
Less: Other
Item Share Perpet Capital Total
compre Reasonab Surplus Retained
Inventor Other owners’
capital Preferr ual reserve hensive le reserve reserve profit
ed capital Other y shares equity
income
stock securit
ies
67
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
I. The ending 266,07
279,115, 19,184, -40,125,1 524,246,74
balance of the 1,320.
900.17 672.34 51.87 0.64
previous year 00
Add:
Changes of
accounting
policy
Error
correction of
the last period
Other
II. The
266,07
beginning 279,115, 19,184, -40,125,1 524,246,74
1,320.
balance of the 900.17 672.34 51.87 0.64
00
current year
III. Increase/
Decrease in the
-508,198.
period -508,198.45
45
(Decrease is
listed with “-”)
(i) Total
-508,198.
comprehensive -508,198.45
45
income
(ii) Owners’
devoted and
decreased
capital
1.Common
shares invested
by shareholders
2. Capital
invested by
holders of other
equity
instruments
3. Amount
reckoned into
owners equity
with
share-based
payment
68
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
4. Other
(iii) Profit
distribution
1. Withdrawal
of surplus
reserves
2. Distribution
for owners (or
shareholders)
3. Other
(iv) Carrying
forward internal
owners’ equity
1. Capital
reserves
conversed to
capital (share
capital)
2. Surplus
reserves
conversed to
capital (share
capital)
3. Remedying
loss with
surplus reserve
4. Carry-over
retained
earnings from
the defined
benefit plans
5. Carry-over
retained
earnings from
other
comprehensive
income
6. Other
(v) Reasonable
reserve
69
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
1. Withdrawal
in the report
period
2. Usage in the
report period
(vi) Others
VI. Balance at 266,07
279,115, 19,184, -40,633,3 523,738,54
the end of the 1,320.
900.17 672.34 50.32 2.19
period 00
III. Company profile
1. Enterprise registration place, Organization form and Headquarters address
Shandong Zhonglu Oceanic Fisheries Co., Ltd. (hereinafter referred to as “Company” or “the Company”),
registration address: No. 29 Miaoling Road, Laoshan District, Qingdao Shandong, headquarter locates at No. 65
Haier Road, Qingdao Shandong, was incorporated as a joint stock limited company in the People’s Republic of
China on 30 July 1999 according to the documentation of Lu Ti Gai Zi [1999] No.85 issued by Shandong
Development and Reform Commission, and the holding company of the Company is Shandong Fisheries
Enterprise Group General Corporation, the main sponsor. On 26 June 2000, being approved by the documentation
of Zheng Jian Fa Xing Zi [2000] No.82 issued by the China Securities Regulatory Commission, the Company’s
B-share, stock ID “Zhonglu B”, stock code “200992” are listing for trading on Shenzhen Stock Exchange dated 24
July 2000.
Basic organization structure of the Company: Shareholder General Meeting, BOD, Supervisory Committee,
Office of the GM (Office of the Party Committee), Departments of HR(Organization Dept.), Financial
Management Dept. (Capital Operation Dept.), Enterprise Development Dept., Auditing Dept., Oceanic
Management Dept., Office of the Discipline Inspection Commission, Party-Masses Relationship Dept. and Risk
Control Dept. (Legal Affairs Dept.).
2. Business nature and main business activities of Enterprise
Corporate industry: ocean-going fisheries
Corporate major products: tuna and its products
Operating scope: general management projects: sales and processing of aquatic products; merchandise import and
export business within approved scope; ice machine manufacture and sale; refrigeration equipment manufacturing,
installation, maintenance; refrigeration; load and unload services; housing lease.
Pre-license operation: offshore fishing and pelagic fishing.
3. Person approves the financial report for disclosed and date for report
The financial report has been approved for report by the Board dated 25 August 2021.
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
4. Scope of consolidate statement for first half of the year
Ended as 30 June 2021, consolidation scope of the Company including 4 secondary enterprises, 4 three-tier
enterprises and one operation entity with controlling rights obtained through operating lease.
4 secondary enterprises: Shandong Zhonglu Fishery Shipping Co., Ltd., Shandong Zhonglu Oceanic (Yantai)
Foods Co., Ltd., HABITAT INTERNATIONAL CORPORATION and Shandong Zhonglu Haiyan Deep-sea
Fishery Co., Ltd; 4 three-tier enterprises: LAIF FISHERIES COMPANY LIMITED, Shandong Zhonglu Ocean
Refrigerated Co., Ltd., AFRICA STAR FISHERIES LIMITED and ZHONG GHA FOODS COMPANY
LIMITED; one operation entity with controlling rights obtained through operating lease: YAW ADDO
FISHERIES COMPANY LIMITED. Entity of the consolidate scope found more in Note IX- Equity in Other
entity
IV. Preparation basis of Financial Statements
1. Preparation basis
Preparation basis: Base on the running continuously and actual transactions and events, in line with the
Accounting Standards for Business Enterprise – Basic Standards and specific principle of accounting standards
issued by the Ministry of Finance, the Company prepared and formulate the financial statement lies on the
followed important accounting policy and estimation.
2. Going concern
The Company have the ability to continue as a going concern within 12 months at least since end of the reporting
period, there are no major events that impact the ability to continue as a going concern
V. Important accounting policy and estimation
Notes on specific accounting policies and accounting estimation:
According to actual production and operation characteristics and regulation of relevant accounting standards for
enterprises, the Company and its subsidiaries, formulated a variety of specific accounting policies and estimations
in aspect of the transaction and events such as provision for bad debts of the receivable, valuation method of
inventory, depreciation of the fixed assets, amortization of intangible assets, revenue recognition etc.
1. Declaration of obedience to Accounting Standards for Business Enterprise
The Financial Statements of the Company are up to requirements of Accounting Standards for Business Enterprise
and also a true and thorough reflection to the relevant information as the Company’s financial position dated 30th
June 2021 and the operation results as well as cash flow from January to June in 2021.
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
2. Accounting period
The Company’s accounting year is Gregorian calendar year, namely from 1st January to 31st December of every
year.
3. Business cycle
The Company’s business cycle is one year (12 months) as a normal cycle, and the business cycle is the
determining criterion for the liquidity of assets and liabilities of the Company.
4. Bookkeeping standard currency
The Renminbi (RMB) is taken as the book-keeping standard currency
5. Accounting methods for consolidation of enterprises under the same control or otherwise
(1) Consolidation of enterprises under the same control
Where the Company for long term equity investment arising from business combination under common control
satisfies the combination consideration by payment of cash, transfer of non-cash assets or assumption of debt, the
carrying value of the net assets of the acquire in combined financial statement of the ultimate controller shared by
the Company as at the combination date shall be deemed as the initial investment cost of such long term equity
investment. If the equity instrument issued by combining party are consider as the combination consideration,
than the total value of the issuing shares are consider as the share capital. The difference between the initial cost of
long-term equity investment and book value of consideration (or total face value of the shares issued) paid, capital
surplus adjusted; if the capital surplus not enough to written down, than retained earning adjusted.
(2) Business combination not under common control
As for business combination not under common control, combination costs refer to the sum of the fair value of the
assets paid, liabilities occurred or assumed as well as equity securities issued by the acquirer to obtain control over
the acquire as at the acquisition date. As for acquiree that obtained by consolidation not under the same control,
the qualified confirmation of identified assets, liability and contingency liabilities should calculated by fair value
on day of purchased. If the consolidation cost larger than the fair value amount of identified net assets from
acquiree’s, the differences should be recognized as goodwill. If the consolidation cost less than the fair value
amount of identified net assets from acquiree’s, the differences should reckoned into current gains/losses after
re-examination.
6. Preparation methods for consolidated financial statements
(1) Consolidation financial statement range
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
The Company includes all the subsidiaries (including the separate entities controlled by the Company) into
consolidated financial statement, including companies controlled by the Company, non-integral part of the
investees and structural main body.
(2) Centralize accounting policies, balance sheet dates and accounting periods of parent and subsidiaries.
As for the inconsistency between the subsidiaries and the Company in the accounting policies and periods, the
necessary adjustment is made on the subsidiaries’ financial statements in the preparation of the consolidated
financial statements according to the Company’s accounting policies and periods.
(3) Set-off of consolidated financial statement
The consolidated financial statements shall be prepared on the basis of the balance sheet of the parent company
and subsidiaries, which offset the internal transactions incurred between the parent company and subsidiaries and
within subsidiaries. The owner’s equity of the subsidiaries not attributable to the parent company shall be
presented as minority equity under the owner’s equity item in the consolidated balance sheet. The long term
equity investment of the parent company held by the subsidiaries, deemed as treasury stock of the corporate group
as well as the reduction of owners’ equity, shall be presented as “Less: treasury stock” under the owners’ equity
item in the consolidated balance sheet.
(4) Accounting for acquisition of subsidiary through combination
For subsidiaries acquired under enterprise merger involving enterprises under common control,
the assets, liabilities, operating results and cash flows of the subsidiaries are included in the consolidated financial
statements from the beginning of the financial year in which the combination took place. When
preparing the consolidated financial statements, for the subsidiaries acquired from business
combination not involving entities under common control, the identifiable net assets of the subsidiaries are
adjusted on the basis of their fair values on the date of acquisition.
(5) Accounting treatment of disposal of subsidiaries
In the case of partial disposal of long-term equity investments in subsidiaries without loss of control, in the
consolidated financial statements, the difference between the disposal cost and the subsidiary’s share of net
assets continuously calculated from the date of purchase or consolidation corresponding to the disposal of
long-term equity investments adjusts the capital reserve (capital premium or equity premium), if the capital
reserve is insufficient to offset, adjust the retained earnings.
If the control of the investee is lost due to the disposal of part of the equity investment, when preparing the
consolidated financial statements, the remaining equity shall be remeasured at its fair value on the date of loss of
control. The balance after subtracting the share of the original subsidiary’s net assets calculated continuously from
the date of purchase or combination according to the original shareholding ratio from the sum of the consideration
obtained from the disposal of the equity and the fair value of the remaining equity is included in the current
73
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
investment income of loss of control right, and offsets goodwill. Other comprehensive income related to the
equity investment of the original subsidiary will be transferred to the current investment income when the control
is lost.
7. Classification of joint arrangements and accounting treatment of joint operation
(1) Classification of joint arrangements
Joint arrangements are divided into joint operations and joint ventures. Joint arrangements achieved not through
separate entities are classified as joint operations. Separate entities refer to the entities with separate identifiable
financial architecture including separate legal entities and legally recognized entities without the qualification of
legal entity. Joint arrangements achieved through separate entities are generally classified as joint ventures. In
case of changes in rights entitled to and obligations undertaken by the parties of joint venture under a joint
arrangement due to the changes in relevant facts and circumstances, the parties of joint venture will re-assess the
classification of joint arrangements.
(2) Accounting treatment for joint operations
As a parties of joint operation, the Company should recognize the following items in relation to their share of
interest in joint operation, and proceed with accounting in accordance with the relevant provisions under the
Accounting Standards for Business Enterprises: to recognize their separate assets or liabilities held, and recognize
the assets or liabilities jointly held according to their respective shares; to recognize the income from the disposal
of their output share under joint operation; to recognize the income from the disposal of output under joint
operation according to their respective shares; to recognize the expenses incurred separately, and recognize the
expenses incurred under joint operation according to their respective shares.
As a parties of a joint operation not under common control, if they are entitled to relevant assets and undertake
relevant liabilities of the joint operation, accounting will be carried out with reference to the provisions of the
parties of joint operation; otherwise, it should be subject to relevant Accounting Standards for Business
Enterprises.
(3) Accounting treatment for joint ventures
The parties of a joint venture should perform accounting for investments by the joint venture in accordance with
the Accounting Standards for Business Enterprises No. 2 – Long-term Equity Investments. The parties not under
common control should carry out accounting depending on their influence on the joint venture.
8. Determination criteria of cash and cash equivalent
The cash recognized in the preparation of the cash flow statements, is the Company’s storage cash and deposits
available for payment anytime. The cash equivalents recognized in the preparation of the cash flow statements
refers to the investment held by the Company with characteristic of short-term, strong mobility, easy transfer to
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
known sum cash and has slim risk from value changes.
9. Foreign currency exchange and the conversion of foreign currency statements
(1) Foreign currency exchange
The foreign currency exchange is booked on the current exchange rate on the transaction day and converted in the
bookkeeping standard currency. On the balance sheet day, the monetary items are converted on the current rate on
the balance sheet day, concerning the exchange differences between teh spot exchange rate on that date and initial
confirmation or the sport exchange rate on previously balance sheet date, should reckoned in to current
gains/losses except the capitalizing on exchange differences for foreign specific loans, which was reckoned into
cost for capitalizing. The non-monetary items measured on the historic cost are still measured by the original
bookkeeping rate with the sum of the bookkeeping standard currency unchanged. Items of non-monetary foreign
currency which was calculated by fair value, should converted by spot exchange rate on the confirmation day of fair
value, difference between the converted amount of bookkeeping currency and original amount of bookkeeping
currency, was treated as changes of fair value (including exchange rate changed) reckoned into current gains/losses
or recognized as other consolidated income.
(2) Conversion of foreign currency financial statements
Upon the conversion of the foreign currency financial statements of the controlling subsidiaries, joint enterprises,
and the affiliated enterprises on the bookkeeping standard currency different from the Company’s, the accounting
check and preparation of the consolidated financial statements are made. Assets and liabilities items in the balance
sheet, are converted on the current rate on the balance sheet day; owners’ equity items besides the “retained profit”
item, the other items are converted on the actual rate. Incomes and expenses items in the profit statement are
translated using the spot exchange rate approximating the rate at the date of the transaction. The conversion
difference of the foreign currency financial statements is listed specifically in the owners’ equity in the balance
sheet. The foreign currency cash flow should be translated using an exchange rate determined in accordance with
a systematic and reasonable method that approximates the spot rate on the date the cash flow occurred. The cash
influenced by the rate fluctuation is listed specifically in the cash flow statement. As for the foreign operation, the
conversion difference of the foreign currency statement related to the foreign operation is transferred in proportion
into the disposal of the current loss/gain.
10. Financial instruments
(1) Category and re-classification of financial instrument
Financial instrument is the contract that taken shape of the financial asses for an enterprise and of the financial
liability or equity instrument for other units.
①Financial asset
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
The financial assets meet the following conditions simultaneously are classified as financial assets measured by
amortized cost: a-The Company's business model for managing financial assets measured at amortized cost is to
collect contractual cash flows; and b- according to the contract regulations, the cash flows generated on a specific
date are only the payment for the principal and the interest based on the outstanding principal amount.
The financial assets meet the following conditions simultaneously are classified as financial assets measured on
fair value and with its variation reckoned into other comprehensive income:a-The Company's business model for
managing such financial assets is to target at both the collection of contractual cash flows and the sale; and
b-according to the contract regulations, the cash flows generated on a specific date are only the payment for the
principal and the interest based on the outstanding principal amount.
For non-trading equity instrument investments, the Company irreversibly designates them as the financial assets
that are measured at fair value and whose changes are included in other comprehensive income in the initial
recognition. The designation is made based on a single investment and the relevant investment is in line with the
definition of equity instruments from the issuer's perspective.
Except for financial assets measured at amortized cost and financial assets measured at fair value and whose
changes are included in other comprehensive income, the Company classifies the financial assets as financial assets
measured at fair value and whose changes are included in current profit and loss. At the initial recognition, if the
accounting mismatch can be eliminated or reduced, the Company can irrevocably designate the financial assets as
financial assets measured at fair value and whose changes are included in current profit and loss.
When the Company changes its business model of managing financial assets, it will reclassify all affected financial
assets on the first day of the first reporting period after the business model changes, and adopt the future applicable
method from the date of reclassification for relevant accounting treatment, and will not make retrospective
adjustments to previously recognized gains, losses (including impairment losses or gains) or interest.
②Financial liability
At initial recognition, financial liabilities are classified into financial liabilities measured by fair value with
changes counted into current gains/losses; and the financial liabilities measured at amortized cost. All financial
liabilities are not reclassified.
(2) Measurement of financial instrument
The initial recognition of the Company's financial instruments is measured at fair value. For financial assets and
financial liabilities measured at fair value and whose changes are included in current profit and loss, the related
transaction expenses are directly recognized in current profit and loss. For other financial assets or financial
liabilities, the related transaction expenses are included in the initial recognition amount. For the accounts
receivable or notes receivable arising from the sale of products or the provision of labor services that do not contain
or consider significant financing components, the Company shall use the consideration amount that is expected to be
76
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
received as the initial recognition amount. Subsequent measurement of financial instruments depends on their
classification.
①Financial assets
a.Financial assets measured at amortized cost: After initial recognition, such financial assets are measured at
amortized cost by using the effective interest method. Gains or losses arising from financial assets which are
measured at amortized cost and are not a component of any hedging relationship are included in current profit or
loss when being derecognized ,re-classified and amortized by effective interest method, or impaired.
b. Financial assets measured at fair value and whose changes are included in other comprehensive income: After
initial recognition, such financial assets (part of the financial assets belonging to hedging relationship excluded)
are subsequently measured at fair value. The gains or losses (interest and dividend revenue included) are reckoned
into current gains/losses.
c.Debt instrument investment measured at fair value and with its variation reckoned into other comprehensive
income: After initial recognition, such financial assets are subsequently measured at fair value. The interest
calculated by using the effective interest method, the impairment loss or gains and the exchange gains and losses are
recognized in the current profit and loss, other gains or losses are recognized in other comprehensive income. When
being derecognized, the accumulated gains or losses previously recognized in other comprehensive income are
transferred from other comprehensive income and recognized in current profit and loss.
②Financial liability
a. Financial liabilities measured at fair value and whose changes are included in current profit and loss: Such
financial liabilities include transactional financial liabilities (including derivatives that are financial liabilities) and
financial liabilities designated to be measured at fair value and whose changes are included in current profit and loss.
After the initial recognition, such financial liabilities are subsequently measured at fair value, in addition to relevant
to the hedge accounting, the gains or losses (including interest expenses) arising from changes in the fair value of the
financial liabilities are included in current profit and loss. If the financial liabilities are designated to be measured at
fair value and whose changes are included in current profit and loss, the changes in the fair value of the financial
liabilities caused by the changes in the enterprise’s own credit risks are included in other comprehensive income,
and other changes in fair value are included in current profit and loss. If the effect of the change in the credit risk of
the financial liability being included in other comprehensive income shall cause or expand the accounting mismatch
in profit or loss, the Company will include the entire gains or losses of the financial liability in the current profit and
loss.
b.Financial liabilities measured at amortized cost: After initial recognition, such financial liabilities are measured at
amortized cost by using the effective interest method.
(3) How the Company recognizes the fair value of financial instruments
If the financial instrument has an active market, its fair value is determined by the quoted price in the active market;
if the financial instrument doesn’t have an active market, its fair value is determined by the valuation technique.
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Valuation techniques mainly include market approach, income approach and cost method. In limited circumstances,
if the recent information used to determine the fair value is insufficient, or the possible estimated amount of fair
value is widely distributed, and the cost represents the best estimate of the fair value within the range, the cost may
represent the appropriate estimates of fair value within this distribution. The Company uses all the information
about the performance and operations of the investee that can be obtained after the initial recognition date to judge
whether the cost can represent the fair value.
(4) Confirmation basis and measurement method for transfer of financial assets and financial liabilities
① Financial assets
If the financial asset of the Company meets one of the following conditions, it shall be derecognized: a. the
contractual right to receive the cash flow of the financial asset is terminated; b.the financial asset has been
transferred, and the Company has transferred almost all the risks and remuneration of ownership of the financial
assets; c.the financial asset has been transferred., although the Company has neither transferred nor retained almost
all remuneration of the financial assets, it does not retain control over the financial asset.
If the Company neither transfers nor retains almost all remuneration of the financial asset, and does not retain
control over the financial asset, the relevant financial asset is recognized according to the extent of continuing
involvement in the transferred financial asset, and the related liabilities are recognized accordingly.
If the financial asset transfer generally meets the conditions for derecognition, the difference between the following
two amounts is included in the current profit and loss: a. the book value of the transferred financial asset on the date
of derecognition; b. the sum of the consideration received due to the transfer of financial asset and the amount (the
financial asset involving transfer is classified as the financial asset measured at fair value and whose changes are
included in other comprehensive income)corresponding to the derecognition portion in cumulative amount of
changes in fair value originally and directly included in other comprehensive income.
If partial transfer of financial asset meets the conditions for derecognition, the whole book value of the transferred
financial asset will be apportioned between the derecognition portion and the non-derecognition portion according
to the respective fair value at the transfer date, and then include the difference of following two amounts in profit
and loss for the current period: a. the book value of the derecognized portion on the date of derecognition; b. the sum
of the consideration received from the derecognized portion and the amount (the financial asset involving transfer is
classified as the financial asset measured at fair value and whose changes are included in other comprehensive
income) corresponding to the derecognition portion in cumulative amount of changes in fair value originally
included in other comprehensive income.
②Financial liabilities
If the current obligation of a financial liability (or part of it) has been discharged, the Company derecognizes the
financial liability (or part of the financial liability). If a financial liability (or a part of it) is derecognized, the
Company includes the difference between the book value and the consideration paid (including the transferred
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non-cash assets or liabilities assumed) in current profit and loss.
11. Note receivable
(1) Methods for determining expected credit losses
Based on the expected credit losses, the Company conducts accounting for impairment and confirms loss provisions
for financial assets (including receivables) measured at amortized cost, debt investments measured at fair value and
whose changes are included in other comprehensive income (including receivables financing) ), and lease
receivables.
On each balance sheet date, the Company assesses whether the credit risk of relevant financial instrument has
increased significantly since the initial recognition. The process of credit impairment of financial instrument is
divided into three stages, and there are different accounting treatment methods for the impairment of financial
instrument at different stages: 1) In the first stage, if the credit risk of financial instrument has not increased
significantly since the initial recognition, the Company measures the loss provisions according to the expected
credit losses of the financial instrument in the next 12 months, and calculate the interest income according to its
book balance (i.e., not deducting provision for impairment) and effective interest rate. 2)In the second stage, if the
credit risk of financial instrument has increased significantly since the initial recognition but no credit impairment
has occurred, the Company measures the loss provisions according to the expected credit losses of the financial
instrument for the entire duration, and calculate the interest income according to its book balance and effective
interest rate. 3) In the third stage, if the credit risk has credit impairment, the Company measures the loss provisions
according to the expected credit losses of the financial instrument for the entire duration, and calculate the interest
income according to its book balance (book balance impairment has made provisions for impairment) and
effective interest rate.
①Method for measuring loss provisions for financial instruments with lower credit risk
For financial instruments with lower credit risk on the balance sheet date, the Company can directly make the
assumption that the credit risk of the instrument has not increased significantly since the initial recognition without
comparing with the credit risk at the initial recognition.
If the default risk of financial instruments is low, the debtor has a strong ability to fulfill its contractual cash flow
obligations in the short term, and even if there are unfavorable changes in the economic situation and operating
environment in a long period of time, it may not necessarily reduce the borrower’s ability to fulfill its contractual
cash flow obligations, and the financial instrument shall be deemed to have low credit risk.
②Method of measuring allowance for losses on account receivable and lease receivable
The Company adopts the simplified method for receivables formed by transactions regulated by the Accounting
Standards for Business Enterprises No. 14 - Revenue (whether or not it contains significant financing components)
and the lease receivable regulated by Accounting Standards for Business Enterprises No. 21- Lease, that is, the loss
provisions are always measured according to the expected credit loss for the entire duration.
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According to the nature of financial instruments, the Company assesses whether the credit risk has increased
significantly on the basis of individual financial assets or a combination of financial assets. The Company divides
notes receivable and accounts receivable into a number of combinations based on credit risk characteristics, and
calculates expected credit losses on the basis of the combination.
a. For accounts receivable among companies within the scope of the Company's consolidated statements, the
Company judges that there is no expected credit loss, and no credit loss provision is made.
b. For accounts receivable outside the enterprises within the scope of the consolidated statements of the Company,
the Company makes reference to the historical credit loss experience, combines with the current situation and the
forecast of future economic conditions, prepares the accounts receivable aging and the expected credit loss rate
comparison table for the entire duration, and calculates the expected credit loss.
c. If the Company obtains sufficient evidence of a significant increase in credit risk on a single account receivable,
the expected credit loss of the account receivable is determined based on the difference between the book value of
the receivable and the present value of the cash flow expected to be received, and provisions for loss are made.
③Method for measuring loss provisions of other financial assets
For financial assets other than those mentioned above, such as debt investment, other debt investment, other
receivables, long-term receivables other than lease receivables, etc., the Company measures loss provisions
according to the general method, namely the “three-stage” model.
(2)Accounting treatment methods of expected credit losses
In order to reflect the changes in the credit risk of financial instruments since the initial recognition, the Company
re-measures the expected credit losses on each balance sheet date, and the increase or reversal amount of the loss
provisions resulting from this shall be treated as impairment losses or gains and included in the current profit and
loss, and according to the type of financial instruments, the book value of the financial assets listed in the balance
sheet is deducted or included in the estimated liabilities (loan commitments or financial guarantee contracts) or
included in other comprehensive income (debt investments measured at fair value and whose changes are included
in other comprehensive income).
12. Account receivable
Found more in relevant content of “11. Note receivable”
13. Receivable financing
Found more in relevant content of “11. Note receivable”
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14. Other account receivable
Determination and accounting treatment on expected credit loss of other account receivable
Found more in relevant content of “11. Note receivable”
15. Inventory
(1)Classification of inventory
Inventory means finished goods and merchandise that are ready for sale, work-in-progress, or material used in the
process of production or provision of service in the ordinary course of business. Inventory includes raw materials,
revolving materials, low-value consumables, merchandise in warehouse and goods in transit.
(2)Measurement
Inventories, when delivered, would be determined the actual cost under moving weighted average method.
(3)Provision for impairment of inventory
At the balance sheet date, inventory is recorded at the lower of cost and net realizable value on an individual basis.
For items with significant quantity and low values, provision is made based on their categories.
Net realizable value of inventories is determined as follows: ① net realizable value of finished goods is the
estimated selling price less relevant tax and selling expenses. The inventories of the Company mainly refer to
long-line fishing tuna. The ending net realizable value is determined at the quotation of Qingshui Fishery Ground
of Japan on the date which is the most close to the balance sheet date less the relevant expenses that would occur
to realize product sales; ② for materials held for production, net realizable value equals the cost if the net
realizable value of the finished goods produced from the materials exceeds the cost; when the price of raw
materials decreases indicating that the net realizable value of the relevant finished goods would be lower than cost,
the net realizable value is the estimated selling price less costs to completion, selling expenses and relevant tax;
and ③ net realizable value of materials held for sale is the market price.
(4)Inventory stocking system
The Company adopts perpetual inventory system for stocking.
(5)Amortization of low value consumables and packing materials
The Company adopts fifty amortization method for low value consumables and packing materials.
Note: description of the inventory categories, valuation method of issued inventory, the basis for determining the net realizable value
of different categories of inventories, the inventory system for inventory and the amortization method for low-value consumable
items and packaging.
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16. Contract cost
The Company’s contract costs include incremental costs incurred to obtain contracts and contract performance
costs. The incremental costs incurred to obtain the contract ("contract acquisition costs") refer to the costs that
would not be incurred without obtaining the contract. If the cost is expected to be recovered, the Company will
recognize it as an asset as the contract acquisition cost.
The cost incurred by the Company for the performance of the contract that does not fall within the scope of other
business accounting standards such as inventory and meets the following conditions at the same time is
recognized as an asset as the contract performance cost:
(1) The cost is directly related to a current or expected contract, including direct labor, direct materials,
manufacturing expenses (or similar expenses), costs clearly borne by the user, and other costs incurred solely due
to the contract;
(2) The cost increases the Company's future resources for fulfilling contract performance obligations;
(3) The cost is expected to be recovered.
The Company amortizes the assets recognized for contract acquisition costs and contract performance costs
(hereinafter referred to as "assets related to contract costs") on the same basis as the recognition of commodity
revenue related to the assets and includes in the current profits and losses. If the amortization period of the asset
formed by the incremental cost of obtaining the contract does not exceed one year, it shall be included in the
current profits and losses when it occurs.
When the book value of the asset related to the contract cost is higher than the difference between the following
two items, the Company will make provisions for impairment for the excess part and recognize it as an asset
impairment loss:
(1) Remaining consideration expected to be obtained due to the transfer of commodities related to the asset;
(2) Cost estimated to incur for the transfer of the relevant goods.
17. Long-term equity investments
(1) Recognition of initial investment cost
Initial investment cost of long term equity investment obtained by corporate consolidation: in the case of the
consolidation of enterprises under the same control, recognized as the initial cost is the book value of the owners’
equity obtained from the consolidated party; in the case of the consolidation of enterprises not under the same
control, recognized as the initial cost is the recognized consolidation cost on the purchase day. As for the long
term equity investment obtained by cash payment, the initial investment cost is the actual purchase payment. As
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for the long term equity investment obtained by the equity securities offering, the initial investment cost is the fair
value of the equity securities. As for the long-term equity investment obtained by debt reorganization, initial
investment cost of such investment should determine by relevant regulation of the “Accounting Standards for
Business Enterprise No.12- Debt Reorganization”; As for the long term equity investment obtained by the
exchange of the non-monetary assets and the debts restructuring, the initial investment cost is recognized on the
relevant rules of “Accounting Standards for Business Enterprise No.7- Exchange of the Non-monetary Assets”.
(2) Subsequent measurement and profit or loss recognition
Where the investor has a control over the investee, long-term equity investments are measured using cost method.
Long-term equity investments in associates and joint ventures are measured using equity method. Where part of
the equity investments of an investor in its associates are held indirectly through venture investment institutions,
common fund, trust companies or other similar entities including investment linked insurance funds, such part of
equity investments indirectly held by the investor shall be measured at fair value through profit or loss according
to relevant requirements of Accounting Standards for Business Enterprises No.22—Recognition and measurement
of Financial Instruments regardless whether the above entities have significant influence on such part of equity
investments, while the remaining part shall be measured using equity method.
(3) Basis of conclusion for common control and significant influence over the investee
Joint control over an investee refers to where the activities which have a significant influence on return on certain
arrangement could be decided only by mutual consent of the investing parties sharing the control, which includes
the sales and purchase of goods or services, management of financial assets, acquisition and disposal of assets,
research and development activities and financing activities, etc.; Significant influence on the investee refers to
that: significant influence over the investee exists when holding more than 20% but less than 50% of the shares
with voting rights or even if the holding is below 20%, there is still significant influence if any of the following
conditions is met: there is representative in the board of directors or similar governing body of the investee;
participation in the investee’s policy setting process; assign key management to the investee; the investee relies on
the technology or technical information of the investing company; or major transactions with the investee.
18. Investment real estate
Measurement for investment real estate
Cost method
Depreciation or amortization method
Investment real estate of the Company refers to the leased buildings. The investment real estate of the Company is
initially measured by cost and conducting follow-up measures by cost mode.
Accrued on the year averaging is the depreciation of the lease buildings in the Company’s investment property.
The detailed check principle is same as that of the fixed assets. The rented land use rights and land use rights held
for transfer after appreciation owned by the Company was adopted line amortization method. Detail calculation
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policy was similar to intangible assets.
19. Fixed assets
(1) Recognition
The fixed assets are tangible assets held for the goods production, labor supply, lease or operation & management,
and with above one-accounting-year service life; meanwhile as up to the following conditions, they are recognized:
The economic interest related to the fixed assets probably flow into the Company; The cost of the fixed assets can
be measured reliably.
(2) Depreciation method
Category Depreciation method Depreciation life (year) Salvage rate Annual depreciation rate
House and building Straight-line depreciation 20-40 0-10 2.25-5.00
Vessel and netting gear Straight-line depreciation 5-30 3-5 3.17-19.40
Machine equipment Straight-line depreciation 8-20 0-10 4.50-12.50
Transportation
Straight-line depreciation 5 0-10 18.00-20.00
equipment
Furniture and office
Straight-line depreciation 5 0-10 18.00-20.00
equipment
The Company's fixed assets mainly include housing and buildings, vessels and netting, machinery and equipment, transportation
equipment, furniture and office equipment; and the depreciation method adopts the straight-line depreciation. The useful life and
estimated net residual value of fixed assets are determined by the nature and use condition of various types of fixed assets. The useful
life, estimated net residual value, and depreciation method of fixed assets are rechecked at the end of the year, if there is difference
with the former estimated number, corresponding adjustments should be made. In addition to the fixed assets that have been accrued
depreciation and still continue to use and the land that has been separately valued and recorded, the Company counts and draws the
depreciation of all fixed assets.
20. Construction in progress
Construction in progress of the Company divided as self-run construction and out-bag construction. The
Construction in progress of the Company carried forward as fixed assets while the construction is ready for the
intended use. Criteria of the expected condition for use should apply one of the follow conditions: The substance
construction (installation included) of the fixed assets has completed all or basically; As the projects have been in
test production or operation, and the results show that the assets can operate properly and produce the qualified
products stably, or the test operation result shows the assets can operate or open properly. The expenditure of the
fixed assets on the construction, is a little or little. The fixed assets of the project constructed have been up to the
requirements of the design or contract, or basically up to.
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21. Borrowing expenses
(1) Recognition principle on capitalization of borrowing expenses
As for the Company’s actual borrowing expenses directly attributable to the assets construction or production, it is
capitalized and reckoned into the relevant assets cost; as for other borrowing expenses, it is recognized on the
actual sum and reckoned into the current loss/gain. The assets up to the capitalization are assets as the capital
assets, investment real estate, and inventory reaching the expectant availability or sale ability.
(2) Calculation of the capitalization
Capitalization term: the period from the time starts to capitalization to the time the capitalization ends. The period
of capitalization suspended is not included. The capitalization of borrowing expenses should be suspended while
the abnormal interrupt, which surpass three months continuously, in the middle of acquisition or construction or
production.
As for the borrowing of the specific borrowing, the capitalization sum is recognized on the current actual
interest expenses less the interest income of the borrowing capital not utilized but deposited in the bank or the
return of the temporary investment; As for the appropriation of the general borrowing, the capitalization sum is
recognized on the weighted average of, the accumulative assets expenditure above the specific borrowing, and
times the capitalization rate of the appropriation; As for the discount or premium of the borrowing, the discount or
premium to be diluted in every accounting period is recognized in the actual rate method.
The effective interest method is the method for the measurement of the diluted discount or premium or interest
expenses on the actual interest rate; and the actual interest rate is the interest rate used in the discount of the future
cash flow in the expectant duration period as the current book value of the borrowing.
22. Intangible assets
(1) Accounting method, service life and impairment test
① Accounting method for intangible assets
The Company’s intangible assets are measured initially on cost. The intangible assets purchased in are taken as the
actual cost on the actual payment and relevant expenditure. As for the intangible assets invested in by the
investors, the actual cost is recognized on the value stipulated in the contract or agreement; however, if what is
stipulated in the contract or agreement is not fair value, the actual cost is recognized on fair value. As for the
self-developed intangible assets, their cost is the actual total expenditure before reaching the expectant purpose.
The follow-up measurements of the Company’s intangible assets respectively are: the line amortization method is
taken on the intangible assets of finite service life, and at the yea-end, the check is taken on the service life and
dilution of the intangible assets, and the corresponding adjustment is made if there is inconsistency with the
previous estimate ones. As for the intangible assets of uncertain service life, it is not diluted, however, the service
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life is checked at year-end; If there is solid evidence to its finite service life, its service life is estimated and
diluted in straight line method.
② Recognition principle of intangible assets with uncertain service life
Recognized as the intangible assets of uncertain service life is refers to those intangible assets of un-expectable
period of economic benefits brought into the Company, or of the uncertain service period. Recognition principle
of uncertain service life: from contract right or other legal rights, the uncertain service period is stipulated in the
contract or law; after the integration of the situations and relevant expertise argumentation in the same trade, the
period of the economic interest brought into the Company by the intangible assets still cannot be recognized.
At every year-end, the check is taken on the intangible assets of uncertain service life, mainly in bottom-up way,
namely the basic check is taken by the department relevant to the assets utilization, to assess whether there is
change in the recognition principle of the uncertain service life.
(2) Accounting policy of the internal R&D expenditure
Expenditures in the research phase of internal research and development projects shall be included in the current
profits and losses when incurred; expenditures in the development phase shall be recognized as intangible assets if
the following conditions are met at the same time: ① Completing the intangible asset so that it can be used or
sold and has technical feasibility; ② With the intention to complete the intangible asset and use or sell it; ③
The method of intangible asset generating economic benefits, including the ability to prove that the product
produced by the intangible asset exists in the market or the intangible asset itself exists in the market, if the
intangible asset will be used internally, its usefulness can be proved; ④Sufficient technical, financial resources
and other resource support are available to complete the development of the intangible asset and have the ability
to use or sell the intangible asset; ⑤The expenditures vested in the development stage of this intangible asset can
be reliably measured.
The specific criteria for dividing the research phase and the development phase of internal research and
development projects: the planned investigation phase for acquiring new technology and knowledge should be
determined as the research phase, which has the characteristics of planning and exploratory nature; before
commercial production or use, the stage of applying research results or other knowledge to a certain plan or
design to produce new or substantially improved materials, devices, products, etc. should be determined as the
development stage, which has the characteristics of pertinence and greater possibility of forming results.
23. Long-term assets impairment
Long-term equity investments, investment properties measured at cost and long-term assets such as fixed assets,
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construction in progress, productive biological assets at cost method, oil and gas assets, intangible assets and
goodwill are tested for impairment if there is any indication that an asset may be impaired at the balance date. If
the result of the impairment test indicates that the recoverable amount of the asset is less than its carrying amount,
a provision for impairment and an impairment loss are recognized for the amount by which the asset’s carrying
amount exceeds its recoverable amount.
The recoverable amount is the higher of an asset’s fair value less costs to sell and the present value of the future
cash flows expected to be derived from the asset. Provision for asset impairment is determined and recognized on
the individual asset basis. If it is not possible to estimate the recoverable amount of an individual asset, the
recoverable amount of a group of assets to which the asset belongs is determined. A group of assets is the smallest
group of assets that is able to generate independent cash inflows.
Goodwill arising from a business combination is tested for impairment at least at each year end, irrespective of
whether there is any indication that the asset may be impaired. For the purpose of impairment testing, the carrying
amount of goodwill acquired in a business combination is allocated from the acquisition date on a reasonable
basis to each of the related asset groups; if it is impossible to allocate to the related asset groups, it is allocated to
each of the related set of asset groups. If the carrying amount of the asset group or set of asset groups is higher
than its recoverable amount, the amount of the impairment loss first reduced by the carrying amount of the
goodwill allocated to the asset group or set of asset groups, and then the carrying amount of other assets (other
than the goodwill) within the asset group or set of asset groups, pro rata based on the carrying amount of each
asset.
Once the impairment loss of such assets is recognized, it is not be reversed in any subsequent period.
24. Long-term deferred expenditure
The Company’s long-term deferred expenditure are expenses paid out and with one year above (1-year included)
benefit period. The long-term unamortized expenses are diluted by periods according to the benefit period. As the
long-term unamortized expenses cannot enable the accounting period’s beneficiary, all dilution values of the
project undiluted yet, are transferred into the current loss/gain.
25. Contract liabilities
The obligations to transfer the goods or provided the services to customers after receiving or receivable
consideration from the customers are listed as contractual liabilities.
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26. Employees benefits
(1) Accounting for short-term benefits
In the period of employee services, short-term benefits are actually recognized as liabilities and charged to profit
or loss, or if otherwise required or allowed by accounting standards of the enterprise, to the related costs of assets
for the current period. At the time of actual occurrence, The Company’s employee benefits are recorded into the
profits and losses of the current year or assets associated costs according to the actual amount. The non-monetary
employee benefits are measured at fair value. Regarding to the medical and health insurance, industrial injury
insurance, maternity insurance and other social insurances, housing fund and labor union expenditure and
personnel education that the Company paid for employees, the Company should recognize corresponding
employees benefits payable according to the appropriation basis and proportion as stipulated by relevant
requirements and recognize the corresponding liabilities and include these expenses in the profits or losses of the
current period or recognized as respective assets costs.
(2) Accounting for post-employment benefits
During the accounting period in which an employee provides service, the amount payable calculated under
defined contribution scheme shall be recognized as a liability and recorded in profit and loss of the current period
or in assets. In respect of the defined benefit scheme, the Company shall use the projected unit credit method and
attribute the welfare obligations calculated using the formula stipulated by the defined benefit scheme to the
service period of the employee, and record the obligation in the current profit and loss or related assets cost.
(3) Accounting for termination benefits
The Company recognizes a liability and expenses in the current profit or loss for termination benefits at the earlier
of the following dates: when the Company can no longer withdraw the offer of those benefits; and when the
Company recognizes costs for restructuring involving the payment of termination costs.
(4) Accounting for other long-term employee benefits.
The Company provides other long-term employee benefits to its employees. For those falling within the scope of
defined contribution scheme, the Company shall account for them according to relevant requirements of the
defined contribution scheme. In addition, the Company recognizes and measures the net liabilities or net assets of
the other long-term employee benefits according to relevant requirements of the defined contribution scheme.
27. Revenue
Accounting policies for recognition and measurement of revenue
The Company has fulfilled the performance obligations in the contract, that is, when the customer obtains control
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of the relevant goods or services, the revenue is recognized at the transaction price allocated to the performance
obligation. Obtaining control rights of related commodities means being able to lead the use of the commodities
and obtain almost all economic benefits from them. Performance obligations refer to the Company's commitment
to transfer clearly distinguishable products to customers in the contract. The transaction price refers to the amount
of consideration that the Company expects to be entitled to receive due to the transfer of goods to the customer,
excluding the amount collected on behalf of a third party and the amount that the Company expects to return to
the customer.
Whether the performance obligation is performed within a certain period of time or at a certain point in time
depends on the terms of the contract and relevant legal provisions. If the performance obligation is performed
within a certain period of time, the Company recognizes revenue according to the performance progress.
Otherwise, the Company recognizes revenue at a certain point when the customer obtains control of the relevant
assets.
(1)Revenue recognized by the Company at a point in time when the Company has control of the related assets:
For the Company's purse seine fish sold at overseas bases, generally, the revenue is recognized upon delivery of
fishing goods to customers and obtaining the right to receive payment; in the case of export sales by the local
country, the income is recognized when the shipping order and bill of lading are obtained.
Most of the Company's longline fishing goods are shipped back to domestic sales, and based on the sales contract
and value statements signed by both parties, the change in the right of goods is recognize on the date of the value
statement, and recognized the sales revenue.
Domestic sales of the Company's aquatic products processing: Shandong Zhonglu Oceanic (Yantai) Foods Co.,
Ltd. issues a delivery confirmation according to the fax or mail order from domestic customers, and the Company
ships the goods according to the delivery order issued by the sale department and signed by the warehouse
management department, recognized the sales revenue after the customer signs for it.
Foreign sales of the Company's aquatic products processing: After the international trade department obtains the
purchase orders of foreign customers, it issues an export delivery confirmation form and arranges the storage and
transportation department to stock up. The Company recognized the sales revenue based on shipping documents
and export documents such as packing slips and customs declarations.
(2) Revenue recognized by the Company in the performance period:
The Company's refrigerating fee income: After the warehousing department obtains the customer's orders, it shall
issue the warehouse-in receipt to the customer to confirm the specific name, specifications, number of pieces,
weight and warehouse-in date of the goods, both the warehouse supervisor and the customer sign to confirm, and
the revenue is recognized monthly based on the actual storage days of the goods.
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Different business models of the same kind lead to differences in revenue recognition and accounting policies.
28. Government subsidy
(1) Types of government subsidy and accounting treatment
government subsidy refer to monetary assets or non-monetary assets that the Company obtains from the
government without compensation (but excluding the capital invested by the government as the owner). If the
government grant is a monetary asset, it shall be measured according to the amount received or receivable. If the
government grant is a non-monetary asset, it shall be measured at fair value; if the fair value cannot be obtained
reliably, it is measured at the nominal amount.
government subsidy related to daily activities are included in other income in accordance with the economic
business. government subsidy not related to daily activities are included in the non-operating income and
expenditure.
government subsidy that the government documents clearly stipulate for acquisition and construction or forming
long-term assets in other ways are recognized as government subsidy related to assets. If the government
documents do not clearly specify the grant target, government subsidy that can form long-term assets, of which
the part corresponding to the asset value is used as the government subsidy related to the assets, and the rest is
used as the government subsidy related to the income; if it is difficult to distinguish, the whole government
subsidy will be used as a government grant related to income. government subsidy related to assets are recognized
as deferred income. The amount recognized as deferred income is included in the current profit and loss in a
reasonable and systematic manner within the useful life of the relevant asset.
government subsidy other than government subsidy related to assets are recognized as government subsidy related
to income. If a government grant related to the income is used to compensate the relevant expenses or losses of
the enterprise in the future period, it is recognized as deferred income and is included in the current profit and loss
during the period of recognizing related expenses; the government grant used to compensate the occurred relevant
expenses or losses of the enterprise is directly included in the current profit and loss.
The Company obtains the policy preferential loan interest subsidy, and the government allocates the interest
subsidy funds to the loan bank. If the loan bank provides loans to the Company at a policy preferential interest
rate, the actually received loan amount will be used as the entry value of the loan, and the relevant borrowing
costs will be calculated according to the loan principal and the policy preferential interest rate. If the government
directly allocates the interest subsidy to the Company, the Company will offset the corresponding interest subsidy
against relevant borrowing costs.
(2) Confirmation time-point of government subsidy
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
government subsidy are recognized when they meet the conditions attached to government subsidy and can be
received. government subsidy measured in accordance with the amount receivable are recognized when there is
conclusive evidence at the end of the period that they conform to relevant conditions stipulated in the financial
support policy and are expected to receive financial support funds. Other government subsidy other than
government subsidy measured in accordance with the receivable amount are recognized when the grant is actually
received.
29. Deferred income tax asset and deferred income tax liability
(1) Where there is difference between the carrying amount of the assets or liabilities and its tax base, (as for an
item that has not been recognized as an asset or liability, if its tax base can be determined in light of the tax law,
the tax base shall recognized as the difference) the deferred income tax and deferred income tax liabilities shall be
determined according to the applicable tax rate in period of assets expected to recover or liability expected to pay
off.
(2) The deferred income tax assets shall be recognized to the extent of the amount of the taxable income which it
is most likely to obtain and which can be deducted from the deductible temporary difference. On balance sheet
date, if there have concrete evidence of obtaining, in future period, enough taxable amounts to deduct the
deductible temporary difference, the un-confirmed deferred income tax assts in previous accounting period shall
be recognized. If there has no enough taxable amounts, obtained in future period, to deducted the deferred income
tax assets, book value of the deferred income tax assets shall be kept in decreased.
(3) The taxable temporary differences related to the investments of subsidiary companies and associated
enterprises shall recognized as deferred income tax liability, unless the Company can control the time of the
reverse of temporary differences and the temporary differences are unlikely to be reversed in the expected future.
As for the deductible temporary difference related to the investment of the subsidiary companies and associated
enterprises, deferred income tax assets shall be recognized while the temporary differences are likely to be
reversed in the expected future and it is likely to acquire any amount of taxable income tax that may be used for
making up the deductible temporary differences.
30. Leasing
(1) Accounting treatment of leased assets
At the commencement date of the lease term, the Company recognizes the right-of-use assets and lease liabilities
for leases other than short-term leases and low-value asset leases, and recognizes depreciation expense and
interest expense respectively during the lease term.
The Company uses the straight-line method for each period of the lease term to include lease payments for
short-term leases and low-value asset leases as expenses of the current period.
① Right-of-use assets
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
The right-of-use assets refer to the right of the lessee to use the leased assets during the lease term. At the
commencement date of the lease term, the right-of-use assets shall be initially measured at cost. The cost includes
the initial measurement amount of lease liabilities; the lease payments paid on or before the commencement date
of the lease term, where there is a lease incentive, the amount related to the lease incentive shall be deducted; the
initial direct costs incurred by lessee; the costs expected to be incurred by the lessee to disassemble and remove
the leased asset, or restore the site where the leased assets locate, or restore the leased asset to the state agreed
upon in the lease terms.
The Company adopts the straight-line method to classify and accrue the depreciation of the right-of-use asset.
Where it can be reasonably determined that ownership of the leased asset will be acquired at the end of the lease
term, depreciation shall be accrued during the expected remaining useful life of the leased asset; Where it cannot
be reasonably determined that ownership of the leased asset will be acquired at the end of the lease term,
depreciation shall be accrued during the shorter one between the lease term and the remaining useful life of the
leased asset.
The Company determines whether the right-of-use of assets has been impaired and conducts accounting treatment
in accordance with the "Accounting Standards for Business Enterprises No. 8 - Asset Impairment".
② Lease liabilities
The lease liabilities are initially measured at the present value of the outstanding lease payments on the
commencement date of the lease term. The lease payments include the fixed payments (including substantially
fixed payments), where there is a lease incentive, the amount related to the lease incentive shall be deducted; the
variable lease payments depending on index or ratio; the payments expected to be paid based on the residual value
of the security provided by the lessee; the executive price of call option, the premise is that the lessee reasonably
determines to exercise the call option; the payments required to pay for exercising the termination of lease option,
the premise is to reflect that the lessee shall exercise the termination of lease option in the lease term;
The Company uses the interest rate implicit in lease as the discount rate; If the interest rate implicit in lease cannot
be reasonably determined, the Company's incremental borrowing rate shall be used as the discount rate. The
Company calculates the interest expense of the lease liability in each period of the lease term according to the
fixed periodic rate and includes it into the financial expense. The periodic rate refers to the discount rate used by
the company or the revised discount rate.
The variable lease payments not included in the measurement of lease liabilities are recorded into the current
profits and losses when they actually occur.
In case of any change in the Company's assessment results of the renewal option, the termination of lease option
or the call option, the Company shall re-measure the lease liabilities according to the present value calculated by
the changed lease payments and the revised discount rate, and adjust the book value of the right-of-use assets
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
accordingly. In case of any change in the actual lease payment, the estimated payable amount of the guarantee
residual value or the variable lease payment depending on the index or ratio, the lease liability shall be remeasured
according to the changed lease payment and the present value calculated by the original discount rate, and the
book value of the right-of-use asset shall be adjusted accordingly.
(2) Accounting treatment of leased assets
The Company shall classify the lease as finance lease and operating lease on the commencement date of lease.
① Accounting treatment of operating lease
During the lease term, the income of the current period shall be recorded in stages on the same basis of
recognition as the rental income. The Company uses the straight line method during each period of the lease term,
and the lease payment of the operating lease is recognized as rent income. The Company capitalizes the occurred
initial direct costs related to operating leases, and includes in the current yield by stages in accordance with the
same recognition basis as the rental income during the lease term.
② Accounting treatment of finance lease
The Company shall, on the commencement date of the lease, recognize the finance lease receivables and terminate
the recognition of the finance lease assets, recognize the difference between the sum of finance lease receivables
and unguaranteed residual value and its present value as unrealized financing income, and recognize as the rental
income in the future periods when the rent is received. The initial direct costs incurred by the Company in
connection with the lease transactions shall be included in the initial entry value of the finance lease receivables.
31. Changes of other important accounting policy and estimation
(1) Changes in important accounting policies
√Applicable □Not applicable
Contents and reasons of changes in
Approval procedures Note
accounting policies
The changes in accounting policy is Found more in the “Notice of Changes in
required by Accounting Standards for Accounting Policies” Notice No. 2021-16
Business Enterprise No.21- Lease, as Released by announcement released on Juchao Website
amended and issued by the Ministry of (http://www.cninfo.com.cn) dated 29 April
Finance in December 2018 2021
According to the provisions of the convergence of the old and new standards, the Company implemented the new lease standards
from 1 Jan. 2021. The Company does not have any lease business that need to be adjusted retroactively, and the changes in
accounting policy will not affect the shareholders equity for year of 2020, as well as relevant financial index as net profit.
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(2)Change of important accounting estimates
□Applicable √Not applicable
(3) Adjust relevant items of financial statements at beginning of the year of fist implementation of the new
leasing standards since 2021
Applicable
Whether need to adjust the items of balance sheet at the beginning of the year
□Yes √No
Explanation of reasons for not requiring adjustment of items of balance sheet at beginning of the year
In accordance with the provisions of the convergence of the old and new standards, the Company implemented the new lease standards
since 1 Jan. 2021. The Company does not have any leasing business that need to be adjusted retroactively, and the change of accounting
policy will not affect the relevant financial index as shareholders’ equity and net profit of the Company for year of 2020,
(4) Retrospective adjustment of early comparative data for the first implementation of new lease standards
since 2021
□Applicable √Not applicable
VI. Taxes
1. Major tax and tax rate
Taxes Taxation basis Tax rate
Output tax minor the deductible input
VAT 13%, 9%, 6%, 5%
tax
Urban maintenance and construction tax Turnover taxes payable 7%
Corporate income ax Taxable amount Exemption, 25%, 8%
Explain the different taxation entity of the enterprise income tax
Taxation entity Income tax rate
Shandong Zhonglu Oceanic Fisheries Company Limited Imposing no tax on distant fishing, and 25% for the leasing
Shandong Zhonglu Haiyan Deep-sea Fishery Co., Ltd. Exemption
AFRICA STAR FISHERIES LIMITED 8% for export parts, 25% for domestic sales
HABITAT INTERNATIONAL CORPORATION Exemption
LAIF FISHERIES COMPANY LIMITED 25%
ZHONG GHA FOODS COMPANY LIMITED 25%
Shandong Zhonglu Fishery Shipping Co., Ltd. 25%
Imposing no tax on aquatic product processing, and 25% for
Shandong Zhonglu Ocean Refrigerated Co., Ltd.
refrigeration service
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Imposing no tax on aquatic product processing, and 25% for
Shandong Zhonglu Oceanic (Yantai) Foods Co., Ltd.
refrigeration service
2. Preferential tax
(1) VAT tax preference:
According to the relevant provisions of the Circular About the Provisional Management Method of Not Levying the Tax on the
Aquatic Products Directly Caught by Ocean Fishery Enterprises (SS No. [2000] 260), China's ocean fishery enterprises stipulate on
the high seas or in accordance with the relevant agreements that the aquatic products caught in foreign sea areas and sent back for
domestic sales should be regarded as the domestic products and should not be levied the import duties and import VAT. If the
corresponding domestic sales business is the primary agricultural products sales, exempt from the VAT according to the provisions of
VAT rules. The Company's sales revenue from ocean-going fishing operations is exempt from VAT.
(2) Income tax preference:
According to relevant regulation of the Enterprise Income Tax Law of the People's Republic of China (PRC Presidential Decree No.
[2007] 63), the Enforcement Regulations of Enterprise Income Tax Law of the People's Republic of China (PRC State Council
Decree No. 512), Notice About Issuing the Preliminary Processing Scope (Trial) of Agricultural Products that Enjoy the Preferential
Policy of Enterprise Income Tax of Ministry of Finance and State Administration of Taxation (CS No. [2008]149), the Supplement
Notice About the Preliminary Processing Scope of Agricultural Products that Enjoy the Preferential Policy of Enterprise Income Tax
of Ministry of Finance and State Administration of Taxation (CS No. [2011] 26) and the Notice About the Preferential Problems of
Corporate Income Tax for Implementation of Agriculture Animal Husbandry and Fishery of Ministry of Finance and State
Administration of Taxation (Notice of the State Administration of Taxation 2011 No. 48), as for the initial processing of agricultural
products and the commissioned initial processing of an agricultural product, may be handled in accordance with the tax-free items for
initial processing of agricultural products. The Company's income obtained from the ocean-going fishing business and the preliminary
processing of agricultural products is exempted from corporate income tax.
VII. Notes to main items in consolidated financial statement
1. Monetary fund
In RMB
Item Closing balance Opening balance
Cash on hand 1,194,500.48 2,817,043.31
Bank deposit 185,661,138.81 252,918,568.62
Other monetary fund 233,800.00 76,370.28
Total 187,089,439.29 255,811,982.21
Including: Total amount save aboard 29,503,338.21 54,297,720.99
Other explanation
2. Trading financial assets
In RMB
Item Closing balance Opening balance
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Financial assets measured by fair value
and with variation reckoned into current 5,000,000.00
gains/losses
Including:
Including:
Total 5,000,000.00
Other explanation:
3. Account receivable
(1) Category
In RMB
Closing balance Opening balance
Book balance Bad debt provision Book balance Bad debt provision
Category Book
Accrual Accrual Book value
Amount Ratio Amount value Amount Ratio Amount
ratio ratio
Including:
Account receivable
with bad debt 85,445,0 10,706,0 74,739,00 76,675,25 10,412,22 66,263,029.
100.00% 12.53% 100.00% 13.58%
provision accrual by 94.14 90.73 3.41 9.70 9.89 81
portfolio
Including:
85,445,0 10,706,0 74,739,00 76,675,25 10,412,22 66,263,029.
Total 100.00% 12.53% 100.00% 13.58%
94.14 90.73 3.41 9.70 9.89 81
Bad debt provision accrual on single basis:
In RMB
Ending balance
Name
Book balance Bad debt provision Accrual ratio Accrual causes
Accrual of bad debt provision on portfolio: 10,706,090.73
In RMB
Closing balance
Name
Book balance Bad debt provision Accrual ratio
Provision for bad debts by
85,445,094.14 10,706,090.73 12.53%
combination:
Total 85,445,094.14 10,706,090.73 --
Explanation on portfolio determines:
Bad debt provision accrual on portfolio:
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
In RMB
Ending balance
Name
Book balance Bad debt provision Accrual ratio
Explanation on portfolio determines:
If the provision for bad debts of accounts receivable is made in accordance with the general model of expected credit losses, please refer
to the disclosure of other account receivable to disclose related information about bad-debt provisions:
□Applicable √Not applicable
By account age
In RMB
Account age Closing balance
Within one year (one year included) 78,093,208.83
1-2 years 626,038.60
2-3 years 386,506.50
Over three years 6,339,340.21
3-4 years 550,322.20
Over five years 5,789,018.01
Total 85,445,094.14
(2) Bad debt provision accrual, collected or reversal in the period
Accrual of bad debt provision in the period:
In RMB
Current changes
Opening Closing
Category Collected or
balance Accrual Charge-off Other balance
reversal
Bad debt
provision
10,412,229.89 1,215,156.59 921,295.75 10,706,090.73
accrual on
portfolio
Total 10,412,229.89 1,215,156.59 921,295.75 10,706,090.73
Including major amount bad debt provision that collected or reversal in the period:
In RMB
Enterprise Amount collected or reversal Collection way
(3) Top five account receivables collected by arrears party at ending balance
In RMB
Enterprise Ending balance of accounts Proportion in total receivables Bad debt preparation ending
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
receivable at ending balance balance
Fengqun Aquatic
22,681,775.54 26.55% 1,141,620.20
Products Co., Ltd.
HAIXINSHEN
13,507,811.84 15.81% 677,734.37
CO.LTD
Japan Weike Co., Ltd. 6,577,756.28 7.70% 328,887.81
Lianhua Seafood Co.,
4,950,947.52 5.79% 247,547.38
Ltd.
Shenzhen SZY Trading
3,707,553.73 4.34% 185,377.69
Co., Ltd.
Total 51,425,844.91 60.19%
4. Accounts paid in advance
(1) By account age
In RMB
Closing balance Opening balance
Account age
Amount Ratio Amount Ratio
Within one year 24,642,194.52 96.88% 16,917,757.96 95.23%
1-2 years 654,833.51 2.57% 781,797.59 4.40%
2-3 years 138,842.70 0.55%
Over 3 years 65,249.00 0.37%
Total 25,435,870.73 -- 17,764,804.55 --
Explanation on reasons of failure to settle on important account paid in advance with age over one year:
(2) Top 5 account paid in advance collected by objects at ending balance
Name Closing balance Ratio in total account paid in advance at
period-end
Zhejiang Fenghui Ocean Fishery Company 3,683,125.66 14.48%
China Fisheries Association 3,015,698.00 11.86%
KIRIBATI GOVERNMENT NO.1 2,558,192.89 10.06%
Rongcheng Ocean Fishery Co., Ltd. 2,399,168.60 9.43%
Dongyi Sea Transportation Personal Company 1,560,253.43 6.13%
Total 13,216,438.58 51.96%
Other explanation:
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
5. Other account receivable
In RMB
Item Closing balance Opening balance
Other account receivable 1,547,348.26 2,293,236.85
Total 1,547,348.26 2,293,236.85
(1) Other account receivable
1) By nature
In RMB
Nature Closing book balance Opening book balance
Margin 357,490.85 709,740.53
Intercourse funds and other 6,067,443.74 6,463,589.06
Less: bad debt provision -4,877,586.33 -4,880,092.74
Total 1,547,348.26 2,293,236.85
2) Accrual of bad debt provision
In RMB
Phase I Phase II Phase III
Expected credit Expected credit losses for Expected credit losses for
Bad debt provision Total
losses over next 12 the entire duration (without the entire duration (with
months credit impairment occurred) credit impairment occurred)
Balance on Jan. 1, 2021 429,704.55 4,450,388.19 4,880,092.74
Balance of Jan. 1, 2021
—— —— —— ——
in the period
Current accrual 27,597.31 115,289.65 142,886.96
Current reversal 145,304.61 145,304.61
Other change 88.76 88.76
Balance on Jun. 30, 2021 311,908.49 4,565,677.84 4,877,586.33
Change of book balance of loss provision with amount has major changes in the period
□Applicable √Not applicable
By account age
In RMB
Account age Closing balance
Within one year (one year included) 1,242,720.59
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1-2 years 509,716.90
2-3 years 106,819.26
Over three years 4,565,677.84
3-4 years 129,413.88
4-5 years 48,207.97
Over 5 years 4,388,055.99
Total 6,424,934.59
3) Bad debt provision accrual, collected or reversal in the period
Accrual of bad debt provision in the period:
In RMB
Current changes
Opening Closing
Category Collected or
balance Accrual Written off Other balance
reversal
Provision for
bad debts based 4,880,092.74 142,886.96 145,304.61 88.76 4,877,586.33
on age
Total 4,880,092.74 142,886.96 145,304.61 88.76 4,877,586.33
Including major amount with bad debt provision reverse or collected in the period:
In RMB
Enterprise Amount reversal or collected Collection way
4) Top 5 other account receivable collected by arrears party at ending balance
In RMB
Proportion in total
other account Ending balance of
Enterprise Nature Closing balance Account age
receivables at bad debt provision
period-end
Shandong
Tianzong Culture Margin 299,000.00 1-2 years 4.65% 89,700.00
Media Co., Ltd.
Japan Daihatsu
Intercourse funds 288,896.39 Over 3 years 4.50% 288,896.39
Co., Ltd.
DIVING-SEAGU
Intercourse funds 207,072.50 Over 3 years 3.22% 207,072.50
LL
Wang Tingle Employee loan 200,865.64 Over 3 years 3.13% 200,865.64
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Wende Ship
Intercourse funds 200,000.00 Over 3 years 3.11% 200,000.00
Repair Company
Total -- 1,195,834.53 -- 18.61% 986,534.53
6. Inventories
Whether implemented the new revenue standards
No
(1) Category
In RMB
Closing balance Opening balance
Provision for Provision for
inventory inventory
depreciation or depreciation or
Item contract contract
Book balance Book value Book balance Book value
performance performance
cost cost
impairment impairment
provision provision
Raw materials 93,827,792.20 974,526.46 92,853,265.74 98,361,885.77 974,526.46 97,387,359.31
Inventory 247,765,332.09 1,835,708.62 245,929,623.47 238,760,203.86 2,730,462.49 236,029,741.37
Revolving
1,512,185.26 1,512,185.26 1,131,389.24 1,131,389.24
materials
Contract
performance 485,885.77 485,885.77
cost
Goods in transit 3,655,579.98 3,655,579.98
Low value
350,104.11 350,104.11 681,559.16 681,559.16
consumables
Total 343,941,299.43 2,810,235.08 341,131,064.35 342,590,618.01 3,704,988.95 338,885,629.06
(2) Provision for inventory depreciation or contract performance cost impairment provision
In RMB
Current increased Current decreased
Item Opening balance Switch back or Closing balance
Accrual Other Other
charge-off
Raw materials 974,526.46 974,526.46
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Inventory 2,730,462.49 241,910.58 1,136,664.45 1,835,708.62
Total 3,704,988.95 241,910.58 1,136,664.45 2,810,235.08
7. Other current assets
In RMB
Item Closing balance Opening balance
Input VAT ready for deduction 9,938,040.88 14,353,098.17
Income tax prepaid 114,599.86 167,345.60
Prepay other taxes 100,221.59 47,503.05
Total 10,152,862.33 14,567,946.82
Other explanation:
8. Investment real estate
(1) Measured at cost
√Applicable □Not applicable
In RMB
Construction in
Item House and building Land use rights Total
progress
I. Original book value
1.Opening balance 51,308,578.35 51,308,578.35
2.Current increased
(1) Outsourcing
(2) Inventory\fixed
assets\construction in
process transfer-in
(3) Increased by
combination
3.Current decreased
(1) Disposal
(2) Other transfer-out
4.Closing balance 51,308,578.35 51,308,578.35
II. Accumulated
depreciation and
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accumulated
amortization
1.Opening balance 18,987,056.86 18,987,056.86
2.Current increased 663,038.34 663,038.34
(1) Accrual or
663,038.34 663,038.34
amortization
3.Current decreased
(1) Disposal
(2) Other transfer-out
4.Closing balance 19,650,095.20 19,650,095.20
III. Impairment
provision
1.Opening balance 886,512.06 886,512.06
2.Current increased
(1) Accrual
3. Current decreased
(1) Disposal
(2) Other transfer-out
4.Closing balance 886,512.06 886,512.06
IV. Book value
1.Ending book value 30,771,971.09 30,771,971.09
2.Opening book value 31,435,009.43 31,435,009.43
(2) Measure on fair value
□Applicable √Not applicable
(3) Investment real estate without property certificate completed
In RMB
Item Book value Reasons
Houses and buildings 30,674,931.16 See the notes
Other explanation
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Pursuant to the Debt Compensation Opinion entered into between the Company and Shandong Aquatic Products Enterprise Group in
April 2006 and the civil verdict issued by People Court of Lixia district of Jinan city (2005 LZZDi-1299), Shandong Aquatic
Products Enterprise Group Co., Ltd. compensates for the debts of Shandong Zhonglu Oceanic Fisheries Co., Ltd. with its office
building located at No. 43, Heping Road, Lixia District, Jinan City and the office supplies, the originally determined book value of
the office building is 54,221,197.05 yuan (the self-use part is included in the fixed assets, and the rental part is included in the
investment real estate), the property title certificate is on hold.
9. Fixed assets
In RMB
Item Closing balance Opening balance
Fixed assets 498,650,354.92 506,290,822.70
Total 498,650,354.92 506,290,822.70
(1) Fixed assets
In RMB
House and Vessel and netting Machine Transportation Furniture and
Item Total
building gear equipment equipment office equipment
I. Original book
value：
1.Opening
118,596,220.58 672,849,533.87 56,325,734.17 8,610,783.16 10,323,462.65 866,705,734.43
balance
2.Current
1,499,403.47 11,235,310.29 2,040,124.10 420,429.67 148,561.64 15,343,829.17
increased
(1)
14,410,593.95 2,040,647.01 459,663.47 154,515.92 17,065,420.35
Purchasing
(2)
Construction in
1,509,971.72 1,509,971.72
progress
transfer-in
(3) Increased
by combination
(4)
Fluctuations in -10,568.25 -3,175,283.66 -522.91 -39,233.80 -5,954.28 -3,231,562.90
exchange
3.Current
19,966,701.82 14,465.00 332,589.36 196,163.25 20,509,919.43
decreased
(1) Disposal
19,966,701.82 14,465.00 332,589.36 196,163.25 20,509,919.43
or scrapping
104
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
4.Closing
120,095,624.05 664,118,142.34 58,351,393.27 8,698,623.47 10,275,861.04 861,539,644.17
balance
II. Accumulative
depreciation
1.Opening
35,218,001.62 285,673,593.58 25,567,791.76 5,971,054.03 7,826,897.24 360,257,338.23
balance
2.Current
1,637,447.59 18,778,354.61 1,852,220.34 503,742.32 268,812.60 23,040,577.46
increased
(1) Accrual 1,637,447.59 18,778,354.61 1,852,220.34 503,742.32 268,812.60 23,040,577.46
3.Current
20,074,540.27 12,050.20 301,638.05 177,971.42 20,566,199.94
decreased
(1) Disposal
19,966,701.82 12,050.20 299,330.42 176,435.32 20,454,517.76
or scrapping
(2)
Fluctuations in 107,838.45 2,307.63 1,536.10 111,682.18
exchange
4.Closing
36,855,449.21 284,377,407.92 27,407,961.90 6,173,158.30 7,917,738.42 362,731,715.75
balance
III. Impairment
provision
1.Opening
157,573.50 157,573.50
balance
2.Current
increased
(1) Accrual
3.Current
decreased
(1) Disposal
or scrapping
4.Closing
157,573.50 157,573.50
balance
IV. Book value
1.Ending book
83,240,174.84 379,583,160.92 30,943,431.37 2,525,465.17 2,358,122.62 498,650,354.92
value
105
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
2.Opening
83,378,218.96 387,018,366.79 30,757,942.41 2,639,729.13 2,496,565.41 506,290,822.70
book value
(2) Fixed assets without property certificate obtained
In RMB
Item Book value Causes
Houses and buildings 1,861,256.69 See the notes
Other explanation
Pursuant to the Debt Compensation Opinion entered into between the Company and Shandong Aquatic Products Enterprise Group in
April 2006 and the civil verdict issued by People Court of Lixia district of Jinan city (2005 LZZDi-1299), Shandong Aquatic
Products Enterprise Group Co., Ltd. compensates for the debts of Shandong Zhonglu Oceanic Fisheries Co., Ltd. with its office
building located at No. 43, Heping Road, Lixia District, Jinan City and the office supplies, the originally determined book value of
the office building is 54,221,197.05 yuan (the self-use part is included in the fixed assets, and the rental part is included in the
investment real estate), the property title certificate is on hold.
10. Construction in progress
In RMB
Item Ending balance Opening balance
Construction in progress 4,886,559.70 3,705,815.70
Total 4,886,559.70 3,705,815.70
(1) Construction in progress
In RMB
Closing balance Opening balance
Item Impairment Impairment
Book balance Book value Book balance Book value
provision provision
Atlantic Seine
4,077,658.55 4,077,658.55 4,077,658.55 4,077,658.55
Item
Workshop
flame retardant
948,526.58 948,526.58
renovation
project
Ultra-low
temperature
4,886,559.70 4,886,559.70 2,757,289.12 2,757,289.12
cold storage
renovation
106
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
project Phase II
Total 8,964,218.25 4,077,658.55 4,886,559.70 7,783,474.25 4,077,658.55 3,705,815.70
(2) Changes of major Construction in progress
In RMB
Accum Includi
Propor
ulative ng:
tion of
Openi Curren Transf Closin amoun interes
Other project Work Capital Capital
Item ng t er to g t of t
Budget decrea invest progre izing resour
Name balanc increas fixed balanc interes capital
sing ment ss rate ces
e ed assets e t ization
in
capital in
budget
ization Period
Works
hop
flame
retarda 1,200, 948,52 561,44 1,509, 100.00
100%
nt 000.00 6.58 5.14 971.72 %
renova
tion
project
Ultra-l
ow
temper
ature
cold
storag 8,312, 2,757, 2,129, 4,886, 60.00
60%
e 000.00 289.12 270.58 559.70 %
renova
tion
project
Phase
II
9,512, 3,705, 2,690, 1,509, 4,886,
Total -- -- --
000.00 815.70 715.72 971.72 559.70
11. Intangible assets
(1) Intangible assets
In RMB
107
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Non-patented
Item Land use rights Patent right Computer software Total
technology
I. Original book
value
1.Opening
17,154,729.00 2,287,236.24 19,441,965.24
balance
2.Current
increased
(1)
Purchasing
(2) Internal
R&D
(3) Increased
by combination
3.Current
decreased
(1) Disposal
4.Closing
17,154,729.00 2,287,236.24 19,441,965.24
balance
II. Accumulated
amortization
1.Opening
5,605,382.81 1,024,702.88 6,630,085.69
balance
2.Current
191,935.08 179,823.54 371,758.62
increased
(1) Accrual 191,935.08 179,823.54 371,758.62
3.Current
decreased
(1) Disposal
4.Closing
5,797,317.89 1,204,526.42 7,001,844.31
balance
III. Impairment
provision
1.Opening
108
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
balance
2.Current
increased
(1) Accrual
3.Current
decreased
(1) Disposal
4.Closing
balance
IV. Book value
1.Ending book
11,357,411.11 1,082,709.82 12,440,120.93
value
2.Opening book
11,549,346.19 1,262,533.36 12,811,879.55
value
The proportion of intangible assets form by internal R&D in total book value of intangible assets at period-end
12. Long-term prepaid expenses
In RMB
Amortized in
Item Opening balance Current increased Other decreased Closing balance
Period
Office building
317,044.17 132,771.13 16,513.76 167,759.28
decoration
Total 317,044.17 132,771.13 16,513.76 167,759.28
Other explanation
13. Deferred income tax asset /Deferred income tax liabilities
(1) Deferred income tax assets without offset
In RMB
Closing balance Opening balance
Item Deductible temporary Deferred income tax Deductible temporary Deferred income tax
differences asset differences asset
Asset impairment
921,549.53 230,387.38 921,549.53 230,387.38
provision
Deferred income 5,793,085.94 1,448,271.49 6,056,998.38 1,514,249.60
109
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Total 6,714,635.47 1,678,658.87 6,978,547.91 1,744,636.98
(2) Deferred income tax liability without offset
In RMB
Ending balance Opening balance
Item Taxable temporary Deferred income tax Taxable temporary Deferred income tax
differences liabilities differences liabilities
Pre-tax deduction for
accelerated depreciation 5,648,233.04 1,412,058.26 5,807,004.90 1,451,751.23
of fixed assets
Total 5,648,233.04 1,412,058.26 5,807,004.90 1,451,751.23
(3) Amount of deferred income tax asset and deferred income tax liability after trade-off
In RMB
Ending balance of Trade-off between the Opening balance of
Trade-off between the
deferred income tax deferred income tax deferred income tax
Item deferred income tax
assets or liabilities after assets and liabilities at assets or liabilities after
assets and liabilities
off-set period-begin off-set
Deferred income tax
1,678,658.87 1,744,636.98
asset
Deferred income tax
1,412,058.26 1,451,751.23
liabilities
(4) Deferred income tax asset without recognized
In RMB
Item Closing balance Opening balance
Deductible temporary differences 22,471,570.69 22,153,420.60
Total 22,471,570.69 22,153,420.60
14. Other non-current asset
In RMB
Closing balance Opening balance
Item Book Impairment Book Impairment
Book value Book value
balance provision balance provision
2,000,000. 2,000,000. 2,000,000. 2,000,000.
Account for lands paid in advance
00 00 00 00
110
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Advance payment for construction in
394,857.06 394,857.06 719,397.06 719,397.06
progress and equipment
2,394,857. 2,394,857. 2,719,397. 2,719,397.
Total
06 06 06 06
Other explanation:
15. Short-term loans
(1) Category
In RMB
Item Closing balance Opening balance
Mortgage loan 28,033,190.50 28,072,326.86
Credit loan 4,221,881.86 13,195,948.64
Total 32,255,072.36 41,268,275.50
Explanation on category of short-term loans:
16. Accounts payable
(1) Accounts payable
In RMB
Item Closing balance Opening balance
Within one year (one year included) 44,557,976.65 65,231,961.41
Over one year 4,694,230.51 4,665,877.78
Total 49,252,207.16 69,897,839.19
17. Contract liability
In RMB
Item Closing balance Opening balance
Within one year (one year included) 9,359,108.77 11,974,932.26
Over one year 407,134.34 478,687.53
Total 9,766,243.11 12,453,619.79
Amount and reasons for important changes of book value in the period
In RMB
Item Amount changed Reasons of changes
111
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
18. Wage payable
(1) Wage payable
In RMB
Increase during the Decrease during this
Item Opening balance Closing balance
period period
I. Short-term
39,012,993.89 59,329,181.71 77,103,389.25 21,238,786.35
compensation
II. Post-employment
welfare- defined 2,806,413.68 4,886,260.91 6,960,437.15 732,237.44
contribution plans
III. Dismissal welfare 33,227.17 360,000.00 393,227.17 0.00
IV. Other welfare due
9,714.32 6,624.00 3,090.32
within one year
Total 41,862,349.06 64,575,442.62 84,463,677.57 21,974,114.11
(2) Short-term compensation
In RMB
Increase during the Decrease during this
Item Opening balance Closing balance
period period
1. Wages,bonuses,allowances
37,455,202.41 50,967,018.92 68,677,023.96 19,745,197.37
andsubsidies
2. Welfare for workers
1,493,471.74 1,484,798.89 8,672.85
and staff
3. Social insurance 2,498,657.03 2,498,657.03
Including: Medical
2,371,588.62 2,371,588.62
insurance
Work injury
124,202.34 124,202.34
insurance
Maternity
2,866.07 2,866.07
insurance
4. Housing accumulation
2,578,039.91 2,578,039.91
fund
5. Labor union
expenditure and
1,557,791.48 189,002.83 261,878.18 1,484,916.13
personnel education
expense
112
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Other short-term
1,602,991.28 1,602,991.28
compensation
Total 39,012,993.89 59,329,181.71 77,103,389.25 21,238,786.35
(3) Defined contribution plans
In RMB
Increase during the Decrease during this
Item Opening balance Closing balance
period period
1. Basic endowment
4,320,860.69 4,320,860.69
insurance
2. Unemployment
189,036.92 189,036.92
insurance
3. Enterprise annuity 2,806,413.68 126,191.68 2,200,367.92 732,237.44
Social security and
subsidies for retired 250,171.62 250,171.62
employees
Total 2,806,413.68 4,886,260.91 6,960,437.15 732,237.44
Other explanation:
19. Taxes payable
In RMB
Item Closing balance Opening balance
VAT 90,420.81 150,746.28
Corporate income ax 453,728.16 508,778.23
Individual income tax 36,704.04 633,026.16
Urban maintenance and construction tax 801.38 7,404.84
House property tax 196,238.96 190,068.25
Land use tax 120,775.44 105,674.51
Educational additional 572.13 5,289.17
Other tax 1,244,629.97 1,224,426.34
Total 2,143,870.89 2,825,413.78
Other explanation:
20. Other accounts payable
In RMB
113
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Item Closing balance Opening balance
Other accounts payable 12,321,536.66 8,487,724.32
Total 12,321,536.66 8,487,724.32
(1) Other accounts payable
1) By nature
In RMB
Item Closing balance Opening balance
Cash deposit 2,634,221.28 2,620,321.34
Employee cost 2,363,958.96 1,072,824.55
Other 7,323,356.42 4,794,578.43
Total 12,321,536.66 8,487,724.32
21. Other current liabilities
In RMB
Item Ending balance Opening balance
Sales tax on advance receipts 40,511.99 108,248.84
Total 40,511.99 108,248.84
Change of short-term bonds payable:
In RMB
Premium
Accrual
and
Face Issuance Bonds Amount Opening Issued in interest Paid in Ending
Bonds discount
value date term issued balance the period by face the period balance
amortizati
value
on
Other explanation:
22. Long-term wages payable
(1) Long-term wages payable
In RMB
Item Closing balance Opening balance
I. Post-employment welfare- net liability of
521,855.21 414,919.37
defined contribution plans
III. Other long-term benefits 599,620.86 828,533.56
114
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Total 1,121,476.07 1,243,452.93
23. Deferred income
In RMB
Increase during Decrease during
Item Opening balance Closing balance Causes
the period this period
Government
14,488,797.24 626,119.39 13,862,677.85
subsidy
Total 14,488,797.24 626,119.39 13,862,677.85 --
Item with government subsidy concerned:
In RMB
Amount Amount
reckoned reckoned
Subsidy Cost Assets-rela
into into
Opening increase reduction Other Closing ted/
Liability non-operati non-operati
balance during this in the changes balance Income-rel
on revenue on revenue
period period ated
in the in the
Period period
Constructio
8,967,252. 8,440,821. Assets-rela
n special 526,431.39
60 21 ted
fund
Financial
ship-buildi 5,521,544. 5,421,856. Assets-rela
99,688.00
ng subsidy 64 64 ted
funds
Other explanation:
24. Share capital
In RMB
Changes in the Period (+,-)
Opening Shares transfer Closing
Issuing new
balance Bonus shares from public Other Subtotal balance
shares
reserves
Total shares 266,071,320.00 266,071,320.00
Other explanation:
25. Capital reserve
In RMB
115
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Increase during the Decrease during this
Item Opening balance Closing balance
period period
Capital premium (equity
189,093,492.79 189,093,492.79
premium)
Other capital reserve 94,961,504.96 94,961,504.96
Total 284,054,997.75 284,054,997.75
Other explanation, including changes in the current period, reasons for the change:
26. Other comprehensive income
In RMB
Current Period
Less:
Less: written written in
in other other
comprehensi comprehe
ve income in nsive
Account
previous income in Belong to Belong to
Opening before Closing
Item period and previous Less : income parent minority
balance income tax balance
carried period and tax expense company shareholders
in the
forward to carried after tax after tax
period
gains and forward to
losses in retained
current earnings in
period current
period
II. Other comprehensive income
-12,783,539. -3,120,290 -2,466,775 -653,514.8 -15,250,
items which will be reclassified
13 .45 .62 3 314.75
subsequently to profit or loss
Differences of conversion
-12,783,539. -3,120,290 -2,466,775 -653,514.8 -15,250,
of foreign currency financial
13 .45 .62 3 314.75
statements
-12,783,539. -3,120,290 -2,466,775 -653,514.8 -15,250,
Total other comprehensive income
13 .45 .62 3 314.75
Other explanation, including the active part of the hedging gains/losses of cash flow transfer to initial reorganization adjustment for
the arbitraged items:
27. Reasonable reserve
In RMB
Item Opening balance Increase during the Decrease during this Closing balance
116
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
period period
Safety production fee 541,941.58 360,797.09 181,144.49
Total 541,941.58 360,797.09 181,144.49
Other explanation, including changes in the current period, reasons for the change:
28. Surplus reserve
In RMB
Increase during the Decrease during this
Item Opening balance Closing balance
period period
Statutory surplus
21,908,064.19 21,908,064.19
reserves
Total 21,908,064.19 21,908,064.19
Description of surplus reserve, including changes in the current period, reasons for the change:
29. Retained profit
In RMB
Item Current period Last period
Retained profits at the end of last period before
343,997,929.71 314,460,431.58
adjustment
Retained profits at the beginning of the period
343,997,929.71 314,460,431.58
after adjustment
Add: net profit attributable to owners of parent
-8,959,371.06 16,135,719.93
company
Retained profit at period-end 335,038,558.65 330,596,151.51
Details about adjusting the retained profits at the beginning of the period:
1) The retroactive adjustments to Accounting Standards for Business Enterprises and its relevant new regulations affect the retained
profits at the beginning of the period amounting to 0 Yuan.
2) The changes in accounting policies affect the retained profits at the beginning of the period amounting to 0 Yuan.
3) The major accounting error correction affects the retained profits at the beginning of the period amounting to 0 Yuan
4) Merge scope changes caused by the same control affect the retained profits at the beginning of the period amounting to 0 Yuan.
5) Other adjustments affect the retained profits at the beginning of the period amounting to 0 Yuan
30. Operating income and cost
In RMB
Current Period Last Period
Item
Income Cost Income Cost
117
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Main operating 352,484,940.52 337,994,874.52 371,657,778.07 352,538,006.84
Other operating 3,868,983.33 797,112.11 3,933,057.60 830,328.42
Total 356,353,923.85 338,791,986.63 375,590,835.67 353,368,335.26
Information relating to revenue:
In RMB
Offset between
Category Branch 1 Branch 2 Branch 3 Branch 4 Total
segment
Product Types 86,828,794.02 45,226,246.44 232,762,468.89 2,142,978.50 -10,606,564.00 356,353,923.85
Including:
Main business
86,828,794.02 45,226,246.44 230,959,152.46 77,311.60 -10,606,564.00 352,484,940.52
income
Other operating
1,803,316.43 2,065,666.90 3,868,983.33
income
Total 86,828,794.02 45,226,246.44 232,762,468.89 2,142,978.50 -10,606,564.00 356,353,923.85
Information relating to performance obligations:
The company handled the payment, transfer of goods and other business activities related to the performance obligations in
accordance with the contract, and the performance obligations related to the current operating income have been completed.
Information related to the transaction price apportioned to the remaining performance obligations:
The amount of income corresponding to the performance obligations that have been signed at the end of this reporting period but
have not yet been fulfilled or have not done with fulfillment is 0.00 yuan, among them, yuan of revenue is expected to be recognized
in YEAR, yuan of revenue is expected to be recognized in YEAR, and yuan of revenue is expected to be recognized in YEAR.
Other explanation
31. Tax and surcharges
In RMB
Item Current Period Last Period
Urban maintenance and construction tax 69,894.87 162,268.12
Educational surtax 29,954.77 69,543.49
House property tax 602,517.82 657,114.81
Land use tax 300,483.73 209,306.34
Vehicle and vessel tax 25,607.68 25,531.00
Stamp tax 60,258.99 79,677.45
Local education surcharge 19,668.22 46,362.33
Local water conservancy construction
11,590.58
fund
Total 1,108,386.08 1,261,394.12
Other explanation:
118
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
32. Sales expenses
In RMB
Item Current Period Last Period
Port surcharge 2,052,570.48
Payroll payable 844,104.45 902,930.92
Freight and miscellaneous charges 4,303,346.96
Business publicity expenses 261,033.13 6,664.26
Travelling charge 57,769.04 70,294.27
Depreciation 62,116.87 35,797.78
Communication fee 10,997.50 10,899.77
Customs clearance and agency fees 602,583.25
Terminal charges 6,842.93
Other 233,631.95 395,426.78
Total 1,469,652.94 8,387,357.40
Other explanation:
Some items have an amounts at same period last year while there was no such amount occurred in the period, mainly because some
parts of the items are adjusted for the new revenue standards.
33. Administrative expenses
In RMB
Item Current Period Last Period
Payroll payable 17,768,595.10 14,217,069.57
Accumulated depreciation and
903,685.35 881,433.10
amortization
Travelling charge 453,304.98 297,366.94
Business entertainment 302,739.27 187,367.59
Vehicles charge 378,519.79 335,320.60
Intermediary service fee 208,838.15 209,291.81
Office allowance 169,196.61 200,158.31
Property water and electricity 525,692.59 457,671.82
Other 5,894,275.86 4,792,438.03
Total 26,604,847.70 21,578,117.77
Other explanation:
119
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
34. R&D expenses
In RMB
Item Current Period Last Period
Material 49,775.28
Total 49,775.28
Other explanation:
35. Financial expenses
In RMB
Item Current Period Last Period
Interest costs 908,617.14 1,290,415.47
Less: interest income 358,030.77 375,178.04
Exchange loss 3,058,828.97 -1,666,414.96
Handing expense 408,469.21 512,619.81
Other expense 50,763.29 76,839.12
Total 4,068,647.84 -161,718.60
Other explanation:
36. Other income
In RMB
Sources Current Period Last Period
Grants for improving international
18,234,412.56
performance capabilities
Shipbuilding financial discount 99,688.00 99,688.00
Financial subsidies for special construction
369,133.74 369,133.74
funds of the Blue Economic Zone
Special funds for cold chain logistics 157,297.65 169,019.88
Tax rebate on individual 18,799.45 33,747.74
Job stabilization subsidy 128,018.47
Other 191,000.00
Total 835,918.84 19,034,020.39
37. Investment income
In RMB
120
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Item Current Period Last Period
Investment income of trading financial assets
49,972.60 54,131.01
during the holding period
Total 49,972.60 54,131.01
Other explanation:
38. Credit impairment loss
In RMB
Item Current Period Last Period
Credit impairment losses on accounts
-304,060.94 -1,246,157.87
receivable
Credit impairment losses on other
115,685.07 76,667.90
receivables
Total -188,375.87 -1,169,489.97
Other explanation:
39. Assets impairment loss
In RMB
Item Current Period Last Period
II. Loss of inventory depreciation and loss
-241,910.58 -1,151,903.20
of contract performance cost impairment
Total -241,910.58 -1,151,903.20
Other explanation:
40. Income from assets disposal
In RMB
Sources Current Period Last Period
Gains/losses of fixed assets disposal -41,980.15 55,893.20
41. Non-operating income
In RMB
Amount reckoned in current
Item Current Period Last Period
non-recurring gains/losses
Gains from disposal of fixed
10,111,783.13
assets
121
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Other 34,284.70 10,755.50 34,284.70
Total 34,284.70 10,122,538.63 34,284.70
Government subsidy reckoned into current gains/losses:
In RMB
Whether the
impact of
Whether Assets
Issuing subsidies on Amount of Amount of
Grants Issuing cause Property type special related/Incom
subject the current this period last period
subsidies e related
profit and
loss
Other explanation:
42. Non-operating expenses
In RMB
Amount reckoned in current
Item Current Period Last Period
non-recurring gains/losses
External donations 278,200.00
Loss from scrapped fixed
438.61 351,124.43 438.61
assets
Late payment fee 108.69 108.69
Other 6,674.28 64,644.65 6,674.28
Total 7,221.58 693,969.08 7,221.58
Other explanation:
43. Income tax expenses
(1) Statement of income tax expense
In RMB
Item Current Period Last Period
Current income tax expense 373,320.77 597,651.69
Deferred income tax expenses 26,285.14
Total 399,605.91 597,651.69
(2) Adjustment on accounting profit and income tax expenses
In RMB
Item Current Period
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Total profit -15,248,909.38
Income tax based on statutory/applicable rate 0.00
Impact on different tax rate applicable for subsidiary 270,067.04
Effect of adjusting income tax in the previous period 13,737.61
Impact on cost, expenses and losses that unable to deducted 137,845.54
Impact of the deductible loss on deferred income tax assets not
-22,044.28
recognized in the prior period of use
Income tax expense 399,605.91
Other explanation
44. Other comprehensive income
See Note X (VII) 26.
45. Items of cash flow statement
(1) Other cash received in relation to operation activities
In RMB
Item Current Period Last Period
Financial expenses-interest income 171,947.83 375,178.04
Government subsidy and other
190,980.31 18,395,368.37
non-operating income
Cash deposit for L/C 76,370.28
Intercourse funds and other 4,892,017.14 10,452,435.65
Total 5,331,315.56 29,222,982.06
Note of other cash received in relation to operation activities
(2) Other cash paid in relation to operation activities
In RMB
Item Current Period Last Period
Sales expenses paid in cash 6,027,526.39 7,718,987.80
Expenses of management cash paid 9,840,133.10 8,673,236.81
Pay cash for R&D expenses 8,195.00
Cash deposit for L/C 233,800.00
Intercourse funds and other 9,368,694.52 16,252,957.64
Total 25,470,154.01 32,653,377.25
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Note of other cash paid in relation to operation activities
46. Supplementary information to statement of cash flow
(1) Supplementary information to statement of cash flow
In RMB
Supplementary information Current period Last period
1. Net profit adjusted to cash flow of
-- --
operation activities:
Net profit -15,648,515.29 16,761,143.73
Add: Impairment provision for assets 430,286.45 2,321,393.17
Depreciation of fixed assets, consumption of
oil assets and depreciation of productive 23,040,577.46 25,950,733.37
biology assets
Depreciation of right-of-use assets
Amortization of intangible assets 371,758.62 348,795.45
Amortization of long-term pending expenses 149,284.89 197,904.52
Loss from disposal of fixed assets, intangible
assets and other long-term assets (income is 41,980.15 -55,893.20
listed with “-”)
Losses on scrapping of fixed assets (income
438.61 -9,760,658.70
is listed with “-“)
Loss from change of fair value (income is
listed with “-“)
Financial expenses (income is listed with
3,967,446.10 -375,999.50
“-”)
Investment loss (income is listed with “-”) -49,972.60 -54,131.01
Decrease of deferred income tax assets
65,978.11
(increase is listed with “-”)
Decrease of deferred income tax asset
-39,692.97
((increase is listed with “-”)
Decrease of inventory (increase is listed with
-2,245,435.29 -19,741,797.71
“-”)
Decrease of operating receivable accounts
-11,912,557.39 -4,337,407.33
(increase is listed with “-”)
Increase of operating payable accounts
-49,082,177.35 -23,425,870.60
(decrease is listed with “-”)
Other
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Net cash flow arising from operating
-50,910,600.50 -12,171,787.81
activities
2. Material investment and financing not
-- --
involved in cash flow
Conversion of debt into capital
Switching Company bonds due within
one year
financing lease of fixed assets
3. Net change of cash and cash equivalents: -- --
Balance of cash at period end 186,855,639.29 175,988,982.07
Less: Balance of cash at year-begin 255,735,611.93 184,603,638.72
Add: Balance at year-end of cash equivalents
Less: Balance at year-begin of cash
equivalents
Net increasing of cash and cash equivalents -68,879,972.64 -8,614,656.65
(2) Constitution of cash and cash equivalent
In RMB
Item Closing balance Opening balance
I. Cash 186,855,639.29 255,735,611.93
Including: Cash on hand 1,194,500.49 2,817,043.31
Bank deposit available for payment
185,661,138.81 252,918,568.62
at any time
III. Balance of cash and cash equivalent at
186,855,639.29 255,735,611.93
period-end
Other explanation:
47. Assets with ownership or use right restricted
In RMB
Item Ending book value Restriction reasons
Monetary fund 233,800.00 Credit margin
Fixed assets 28,985,929.33 Bank mortgage
Intangible assets 5,152,095.19 Bank mortgage
Total 34,371,824.52 --
Other explanation:
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48. Item of foreign currency
(1) Item of foreign currency
In RMB
Closing balance of foreign Ending RMB balance
Item Rate of conversion
currency converted
Monetary fund -- -- 161,142,567.42
Including: USD 23,113,424.08 6.4601 149,315,030.90
EUR 145,263.85 7.6862 1,116,527.00
HKD
JPY 142,564,278.00 0.0584 8,325,753.84
CEDI 1,908,370.95 1.1222 2,141,573.88
XOF 20,651,000.00 0.0118 243,681.80
Account receivable -- -- 62,043,816.49
Including: USD 7,458,023.42 6.4601 48,179,577.10
EUR
HKD
JPY 138,240,148.32 0.0584 8,073,224.66
CEDI 4,259,420.79 1.1222 4,779,922.01
XOF 85,685,824.00 0.0118 1,011,092.72
Long-term loans -- --
Including: USD
EUR
HKD
Other explanation:
(2) Explanation on foreign operational entity, including as for the major foreign operational entity,
disclosed main operation place, book-keeping currency and basis for selection; if the book-keeping
currency changed, explain reasons
√Applicable □Not applicable
Foreign main operation Book-keeping
Major foreign operation entity Basis
place currency
HABITAT INTERNATIONAL CORPORATION Panama USD The economic environment
in the operation sites
LAIF FISHERIES COMPANY LIMITED Ghana USD The economic environment
126
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
in the operation sites
YAW ADDO FISHERIES COMPANY LIMITED Ghana USD The economic environment
in the operation sites
ZHONG GHA FOODS COMPANY LIMITED Ghana USD The economic environment
in the operation sites
AFRICA STAR FISHERIES LIMITED Ghana USD The economic environment
in the operation sites
49. Government subsidy
(1) Government subsidy
In RMB
Amount reckoned into current
Category Amount Item presented
gain/loss
Individual tax procedure
18,799.45 Other income 18,799.45
refund
Other 191,000.00 Other income 191,000.00
VIII. Changes of consolidation scope
There was no change in the company's consolidation scope during the reporting period.
IX. Equity in Other entity
1. Equity in subsidiary
(1) Constitute of enterprise group
Main operation Registered Share-holding ratio
Subsidiary Business nature Acquired way
place place Directly Indirectly
Shandong
Zhonglu
Qingdao Qingdao Refrigerated
Fishery 100.00% Investment
Shandong Shandong transport
Shipping Co.,
Ltd.
Shandong
Zhonglu
Yantai Yantai Food
Oceanic 74.23% 25.77% Investment
Shandong Shandong processing
(Yantai) Foods
Co., Ltd.
Shandong Qingdao Qingdao Pelagic fishing 59.05% Investment
127
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Zhonglu Shandong Shandong
Haiyan
Deep-sea
Fishery Co.,
Ltd.
HABITAT
INTERNATIO
Refrigerated
NAL Panama Panama 100.00% Investment
transport
CORPORATIO
N
LAIF
FISHERIES
Ghana Ghana Pelagic fishing 100.00% Investment
COMPANY
LIMITED
AFRICA STAR
FISHERIES Ghana Ghana Pelagic fishing 100.00% Investment
LIMITED
ZHONG GHA
FOODS
Ghana Ghana Pelagic fishing 100.00% Investment
COMPANY
LIMITED
Shandong
Zhonglu Ocean Yantai Yantai Refrigeration
100.00% Investment
Refrigerated Shandong Shandong service
Co., Ltd.
YAW ADDO
Ghana Ghana Pelagic fishing Operating lease
FISHERIES
Explanation on share-holding ratio in subsidiary different from ratio of voting right:
Basis for controlling the invested entity with half or below voting rights held and without controlling invested entity but with over
half and over voting rights:
Major structured entity included in consolidates statement:
Basis of termination of agent or consignor:
Other explanation:
(2) Important non-wholly-owned subsidiary
In RMB
Gains/losses Dividend announced to
Share-holding ratio of Ending equity of
Subsidiary attributable to minority distribute for minority
minority minority
in the Period in the Period
Shandong Zhonglu 40.95% -6,689,144.23 154,932,331.43
128
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Haiyan Deep-sea
Fishery Co., Ltd.
Explanation on holding ratio different from the voting right ratio for minority shareholders:
Other explanation:
(3) Main finance of the important non-wholly-owned subsidiary
In RMB
Closing balance Opening balance
Curren Non-c Curren Non-c
Subsid Non-c Total Non-c Total
Curren Total t urrent Curren Total t urrent
iary urrent liabilit urrent liabiliti
t assets assets liabilit liabilit t assets assets liabilit liabilit
assets ies assets es
y y y y
Shand
ong
Zhongl
u
258,80 225,82 484,63 100,87 106,29 283,12 224,97 508,09 106,30 111,83
Haiyan 5,421, 5,521,
4,173. 6,778. 0,952. 4,677. 6,534. 5,223. 0,520. 5,744. 8,989. 0,534.
Deep-s 856.64 544.64
96 63 59 55 19 39 62 01 61 25
ea
Fisher
y Co.,
Ltd.
In RMB
Current Period Last Period
Total Cash flow Total Cash flow
Subsidiary Operation comprehen from Operation comprehen from
Net profit Net profit
Income sive operation Income sive operation
income activity income activity
Shandong
Zhonglu
Haiyan 54,095,017 -16,334,90 -17,930,79 -29,073,71 91,427,317 1,527,286. 4,060,302. -18,770,67
Deep-sea .11 6.54 1.36 3.65 .45 45 18 1.72
Fishery
Co., Ltd.
Other explanation:
X. Risks related to financial instruments
The financial assets of the Company include accounts receivable and other receivables. The financial liabilities of the Company include
accounts payable, other account payable and short-term loans. For details of each financial instrument, please refer to the relevant items
in Note V. The Company is faced with the risks of various financial instruments in its daily activities, mainly including credit risk,
129
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
liquidity risk and market risk. The board of directors is responsible for establishing and supervising the risk management structure of
the Company and developing and monitoring the Company's risk management policies.
Risk management objectives and policies: the Company's goal of risk management is to strike a proper balance between risks and
profits, minimize the negative impacts of the risks on the Company's operating results and maximize the benefits of shareholders and
other equity investors.
1. Credit risk
If the customer or the other party involving in the financial instruments cannot fulfill the obligations under the contract and cause
financial losses to the Company, that is credit risk. Credit risk is mainly from the customer receivables. The book value of account
receivables and notes receivable and other receivables is the maximum credit risk of the Company for financial assets.
2. Liquidity risk
Liquidity risk is the risk of the shortage of funds when the Company is fulfilling its obligations related to financial liabilities. In the case
of normal and tense funds, the Company needs to ensure that there is sufficient liquidity to meet its due debts and negotiate with
financial institutions for financing so as to maintain a certain level of reserve credit line to reduce the liquidity risk.
3. Market risk
(1) Foreign exchange risk
Foreign exchange risk refers to the risk that the fair value of financial instruments or the future cash flows fluctuate due to changes in
foreign exchange rates. The foreign exchange risk faced by the Company mainly comes from the financial assets valued in US
dollars, and the amount of foreign currency financial assets converted into RMB is listed as described in VII. 48 foreign currency
monetary items.
(2) Interest rate risk
Interest rate risk refers to the risk that the fair value of financial instruments or future cash flows fluctuate due to changes in market
interest rates. The interest rate risk faced by the Company mainly comes from the long-term bank loans, the Company’s loans are
floating interest rate, and there is risk of RMB benchmark interest rate change.
XI. Related party and related transactions
1. Parent company of the enterprise
Share-holding
ratio on the Voting right ratio
Parent company Registered place Business nature Registered capital
enterprise for on the enterprise
parent company
Investment and
management,
Shandong
management and
State-owned
operation of
Assets Investment Jinan Shandong 4500 million Yuan 47.25% 47.25%
assets, managed
Holding Company
operations,
Limited
investment
advisory
Explanation on parent company of the enterprise
Ultimate controller of the Company is Shandong State-owned Assets Investment Holdings Co., Ltd.
Other explanation:
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
2. Subsidiary of the Enterprise
Found more in Note IX.”9. Equity in subsidiary”
3. Other related party
Other related party Relationship with the Enterprise
Inspur General Software Co., Ltd. Control by same parent company
Bank of Dezhou Co., Ltd. Control by same parent company
Other explanation
4. Related transaction
(1) Remuneration of key manager
In RMB
Item Current Period Last Period
Total 845,236.00 701,126.00
(2) Other related transactions
① Deposit monetary funds of related parties
Name Related party Closing balance Opening balance
Bank deposit Bank of Dezhou Co., Ltd 67,872.83 671,033.41
Total 67,872.83 671,033.41
② Other
Name Related party Closing balance Opening balance
Deposit interest income Bank of Dezhou Co., Ltd 1329.03 751.00
Total 1329.03 751.00
5. Receivable/payable items of related parties
(1) Receivable item
In RMB
Closing balance Opening balance
Item Name Related party
Book balance Bad debt provision Book balance Bad debt provision
Inspur General
Prepayments 394,857.06 394,857.06
Software Co., Ltd.
Total 394,857.06 394,857.06
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
XII. Commitment or contingency
1. Important commitment
Important commitment on balance sheet date
No commitments that need to released ended as the reporting period
2. Contingency
(1) If the Company has no contingency need to disclosed, explain reasons
The Company has no important contingency that need to disclosed
(2) If the Company has no important contingency need to disclosed, explain reasons
The Company has no important contingency that need to disclose.
XIII. Event occurring after balance sheet date
1. Other explanation on events after balance sheet date
No events after balance sheet date need to released up to reporting period
XIV. Other important event
1. Pension plan
In accordance with relevant laws, regulations and policies, the Company has established an enterprise annuity
system, and on the basis of participating in basic pension insurance in accordance with the law, it pays
supplementary pension insurance (i.e., enterprise annuity) for employees. Each year, according to the actual
operating conditions, the operating efficiency coefficient is set, and the total amount of corporate contributions is
calculated according to the operating efficiency coefficient; the expenses to be assumed by the company in the
enterprise annuity have been disclosed in the employee compensation payable - defined contribution plans, and
the individual payment of employees is withheld and paid from employee wages by the company. During the
reporting period, the enterprise annuity was accrued in accordance with the relevant regulations. For relevant
disclosures, please refer to "Note X. (7) 18 Wages Payable".
2. Segment information
(1) Determination basis and accounting policy for segment
Main operation of the Company including pelagic fishing, cold storage processing trade of aquatic products,
vessel leasing and other operations. Segment disclosure is released by the business nature.
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
(2) Financial information of the segment
In RMB
Cold storage
processing trade Offset between
Item Pelagic fishing Vessel leasing Other Total
of aquatic segment
products
I. Main operating
86,828,794.02 45,226,246.44 230,959,152.46 77,311.60 -10,606,564.00 352,484,940.52
income
II. Main
94,486,120.60 35,882,653.37 218,175,071.96 57,592.59 -10,606,564.00 337,994,874.52
operating cost
III. Credit
828,913.13 -892,291.96 -124,997.04 -188,375.87
impairment loss
IV. Assets
-241,910.58 -241,910.58
impairment loss
V. Depreciation
15,474,687.46 3,974,031.79 3,674,319.37 289,297.46 23,412,336.08
and amortization
VI. Total profit -18,031,197.82 3,628,217.97 9,054,987.32 -9,900,916.85 -15,248,909.38
VII. Income tax 23,627.80 375,978.11 399,605.91
VIII. Net profit -18,031,197.82 3,604,590.17 8,679,009.21 -9,900,916.85 -15,648,515.29
IX. Total assets 674,438,738.94 263,347,146.32 332,212,992.74 176,888,224.90 -255,801,232.68 1,191,085,870.22
X. Total liability 64,875,740.74 86,275,179.35 115,629,036.32 134,437,296.73 -257,067,484.68 144,149,768.46
XVII. Principle notes of financial statements of parent company
1. Account receivable
(1) Category
In RMB
Closing balance Opening balance
Book balance Bad debt provision Book balance Bad debt provision
Category Book
Accrual Accrual Book value
Amount Ratio Amount value Amount Ratio Amount
ratio ratio
Including:
Account receivable
with bad debt 14,731,0 6,179,59 8,551,491 13,483,88 6,076,243 7,407,636.4
100.00% 41.95% 100.00% 45.06%
provision accrual by 90.83 9.10 .73 0.01 .56 5
portfolio
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Including:
14,731,0 6,179,59 8,551,491 13,483,88 6,076,243 7,407,636.4
Total 100.00% 41.95% 100.00% 45.06%
90.83 9.10 .73 0.01 .56 5
Bad debt provision accrual on single basis:
In RMB
Ending balance
Name
Book balance Bad debt provision Accrual ratio Accrual causes
Accrual bad debt provision on portfolio:
In RMB
Closing balance
Name
Book balance Bad debt provision Accrual ratio
Accrual of bad debt provision
14,731,090.83 6,179,599.10 41.95%
by portfolio
Total 14,731,090.83 6,179,599.10 --
Explanation on portfolio determines:
Bad debt provision accrual on portfolio:
In RMB
Ending balance
Name
Book balance Bad debt provision Accrual ratio
Explanation on portfolio determines:
If the provision for bad debts of account receivable is made in accordance with the general model of expected credit losses, please refer
to the disclosure of other account receivable to disclose related information about bad-debt provisions:
□Applicable √Not applicable
By account age
In RMB
Account age Closing balance
Within one year (one year included) 9,042,072.82
Over three years 5,689,018.01
Over 5 years 5,689,018.01
Total 14,731,090.83
(2) Bad debt provision accrual, collected or reversal in the period
Accrual of bad debt provision in the period:
In RMB
Opening Current changes Closing
Category
balance Accrual Collected or Charge-off Other balance
134
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
reversal
Provision for
bad debts based 6,076,243.56 103,355.54 6,179,599.10
on age
Total 6,076,243.56 103,355.54 6,179,599.10
Including major amount bad debt provision that collected or reversal in the period:
In RMB
Enterprise Amount collected or reversal Collection way
(3) Top five account receivables collected by arrears party at ending balance
Ending balance of accounts Proportion in total receivables Bad debt preparation ending
Enterprise
receivable at ending balance (%) balance
HAIXINSHEN CO.,LTD 5,639,827.22 38.29% 284,335.14
PANDA 3,600,962.12 24.44% 3,600,962.12
AFKO FISHERIES CO.,LTD 3,525,149.32 23.93% 177,410.28
Qingdao Hengxin Aquatic
1,220,366.91 8.28% 61,018.35
Products Co., Ltd.
Haifeng Company 430,625.10 2.92% 430,625.10
Total 14,416,930.67 97.86%
2. Other account receivable
In RMB
Item Closing balance Opening balance
Dividend receivable 76,268,174.94 101,777,374.94
Other account receivable 108,736,626.40 102,721,465.78
Total 185,004,801.34 204,498,840.72
(1) Dividend receivable
1) Category
In RMB
Item (or invested company) Closing balance Opening balance
HABITAT INTERNATIONAL
70,637,061.83 96,146,261.83
CORPORATION
Shandong Zhonglu Ocean (Yantai) Food
5,631,113.11 5,631,113.11
Co., Ltd.
135
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Total 76,268,174.94 101,777,374.94
2) Major dividend receivable with over one year aged
In RMB
Whether has
Item (or invested Causes of failure for impairment occurred
Closing balance Account age
company) collection and determination
basis
In order to meet the
capital needs of the
HABITAT
subsidiary's production
INTERNATIONAL 62,756,084.81 1-3 years No
and operation, no
CORPORATION
payment has been
requested temporarily
In order to meet the
capital needs of the
Shandong Zhonglu
subsidiary's production
Ocean (Yantai) Food 5,631,113.11 2-3 years No
and operation, no
Co., Ltd.
payment has been
requested temporarily
Total 68,387,197.92 -- -- --
(3) Other account receivable
1) By nature
In RMB
Nature Closing book balance Opening book balance
Intercourse funds between internal 108,540,594.26 102,455,780.95
Petty cash and other 3,754,311.98 3,819,296.38
Total 112,294,906.24 106,275,077.33
2) Accrual of bad debt provision
In RMB
Phase I Phase II Phase III
Expected credit Expected credit losses for Expected credit losses for
Bad debt provision Total
losses over next 12 the entire duration (without the entire duration (with
months credit impairment occurred) credit impairment occurred)
Balance on Jan. 1, 2021 55,390.16 3,498,221.39 3,553,611.55
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Balance of Jan. 1, 2021
—— —— —— ——
in the period
Current accrual 4,668.29 4,668.29
Balance on Jun. 30, 2021 60,058.45 3,498,221.39 3,558,279.84
Change of book balance of loss provision with amount has major changes in the period
□Applicable √Not applicable
By account age
In RMB
Account age Closing balance
Within one year (one year included) 34,433,283.07
1-2 years 15,577,147.25
2-3 years 10,442,241.97
Over three years 51,842,233.95
3-4 years 32,355,524.34
4-5 years 171,462.21
Over 5 years 19,315,247.40
Total 112,294,906.24
3) Bad debt provision accrual, collected or reversal in the period
Accrual of bad debt provision in the period:
In RMB
Current changes
Opening Closing
Category Collected or
balance Accrual Written off Other balance
reversal
Provision for
bad debts based 3,553,611.55 4,668.29 3,558,279.84
on age
Total 3,553,611.55 4,668.29 3,558,279.84
Including major amount with bad debt provision reverse or collected in the period:
In RMB
Enterprise Amount collected or reversal Collection way
4) Top 5 other account receivable collected by arrears party at ending balance
In RMB
Proportion in total Ending balance of
Enterprise Nature Closing balance Account age
other account bad debt provision
137
山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
receivables at
period-end
LAIF FISHERIES
COMPANY Intercourse funds 27,766,262.94 0-3 years 24.73%
LIMITED
AFRICA STAR
FISHERIES Intercourse funds 26,448,566.56 0-3 years 23.55%
LIMITED
Shandong Zhonglu
Ocean Refrigeration Intercourse funds 20,951,160.00 0-2 years 18.66%
Co., Ltd.
YAW ADDO
FISHERIES CO Intercourse funds 11,176,721.53 0-3 years 9.95%
LTD
ZHONG GHA
FOODS
Intercourse funds 8,206,719.41 0-3 years 7.31%
COMPANY
LIMITED
Total -- 94,549,430.44 -- 84.20%
3. Long-term equity investments
In RMB
Closing balance Opening balance
Item Impairment Impairment
Book balance Book value Book balance Book value
provision provision
Investment for
232,189,455.23 232,189,455.23 232,189,455.23 232,189,455.23
subsidiary
Total 232,189,455.23 232,189,455.23 232,189,455.23 232,189,455.23
(1) Investment for subsidiary
In RMB
Changes in the period (+,-) Ending
Opening Closing
The invested Accrual of balance of
balance Additional Capital balance
entity impairment Other impairment
(Book value) investment reduction (Book value)
provision provision
HABITAT
12,476,145.6 12,476,145.6
INTERNATI
0 0
ONAL CORP.
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Shandong
Zhonglu
22,869,513.3 22,869,513.3
Fishery
8 8
Shipping Co.,
Ltd.
Shandong
Zhonglu
55,448,185.2 55,448,185.2
Oceanic
4 4
(Yantai) Food
Co., Ltd.
Shandong
Zhonglu
Haiyan 141,395,611. 141,395,611.
Deep-sea 01 01
Fishery Co.,
Ltd.
232,189,455. 232,189,455.
Total
23 23
4. Operating income and cost
In RMB
Current Period Last Period
Item
Income Cost Income Cost
Main operating 33,468,179.96 30,992,416.58 29,583,210.44 28,656,951.15
Other operating 2,065,666.90 797,112.11 2,662,222.12 830,328.42
Total 35,533,846.86 31,789,528.69 32,245,432.56 29,487,279.57
Information relating to revenue:
In RMB
Category Branch 1 Branch 2 Total
Product Types 33,390,868.36 2,142,978.50 35,533,846.86
Including:
Main business income 33,390,868.36 77,311.60 33,468,179.96
Other operating
2,065,666.90 2,065,666.90
income
Total 33,390,868.36 2,142,978.50 35,533,846.86
Information relating to performance obligations:
The company handled the payment, transfer of goods and other business activities related to the performance obligations in
accordance with the contract, and the performance obligations related to the current operating income have been completed.
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
Information related to the transaction price allocated to the remaining performance obligations:
At the end of the reporting period, the amount of revenue corresponding to the performance obligations that have been signed but not
yet performed or not yet completed is 0.00 yuan, of which, yuan is expected to be recognized as revenue in , yuan is expected to
be recognized as revenue in , and yuan is expected to be recognized as revenue in .
Other explanation:
5. Investment income
In RMB
Item Current Period Last Period
Investment income of trading financial assets
49,972.60 54,131.01
during the holding period
Total 49,972.60 54,131.01
XVI. Supplementary Information
1. Current non-recurring gains/losses
√Applicable □Not applicable
In RMB
Item Amount Note
Governmental subsidy reckoned into
current gains/losses (not including the
subsidy enjoyed in quota or ration 835,918.84
according to national standards, which are
closely relevant to enterprise’s business)
Profit and loss of assets delegation on
49,972.60
others’ investment or management
Other non-operating income and
expenditure except for the aforementioned 27,063.12
items
Less: impact on income tax 1,090.34
Impact on minority interests 117,905.59
Total 793,958.63 --
Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for Companies
Offering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according to
the lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their
Securities to the Public --- Extraordinary Profit/loss, explain reasons
□Applicable √Not applicable
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山东省中鲁远洋渔业股份有限公司 2021 年半年度报告全文
2. REO and earnings per share
Earnings per share
Profits during report period Weighted average ROE Diluted EPS
Basic EPS (RMB/Share)
(RMB/Share)
Net profits attributable to common
-1.00% -0.03 -0.03
stock stockholders of the Company
Net profits attributable to common
stock stockholders of the Company
-1.09% -0.04 -0.04
after deducting nonrecurring gains
and losses
3. Difference of the accounting data under accounting rules in and out of China
(1) Difference of the net profit and net assets disclosed in financial report, under both IAS (International
Accounting Standards) and Chinese GAAP (Generally Accepted Accounting Principles)
□Applicable √Not applicable
(2) Difference of the net profit and net assets disclosed in financial report, under both foreign accounting
rules and Chinese GAAP (Generally Accepted Accounting Principles)
□Applicable √Not applicable
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