ShenZhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd. Third Quarterly Report 2024
Stock Code: 000029, 200029 Stock Name: SPG, SPG-B Announcement No.: 2024-040
SHENZHEN SPECIAL ECONOMIC ZONE REAL ESTATE
& PROPERTIES (GROUP) CO., LTD.
THIRD QUARTERLY REPORT 2024
Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd. (hereinafter referred to as the “Company”) and all
the members of the Company’s Board of Directors hereby guarantee that the contents of this Report are true, accurate and
complete and free of any misrepresentations, misleading statements or material omissions.
Important Notes:
1. The Board of Directors, the Supervisory Committee as well as the directors, supervisors and senior
management of the Company hereby guarantee that the contents of this Report are true, accurate and complete and
free of any misrepresentations, misleading statements or material omissions, and collectively and individually
accept legal responsibility for such contents.
2. The Company’s legal representative, Chief Financial Officer, and head of the Company’s financial department
(equivalent to financial manager) hereby guarantee that the financial statements carried in this Report are true,
accurate and complete.
3. Indicate whether the financial statements in this Report have been audited by an independent auditor.
□Yes No
1
ShenZhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd. Third Quarterly Report 2024
I Key Financial Information
(I) Key Accounting Data and Financial Indicators
Indicate whether there is any retrospectively restated datum in the table below.
□Yes No
Q3 2024 YoY change (%) Q1-Q3 2024 YoY change (%)
Operating revenue (RMB) 74,007,078.57 -18.40% 208,232,198.00 -41.23%
Net profit attributable to
the listed company’s -604,146.31 -187.97% 5,018,645.08 113.78%
shareholders (RMB)
Net profit attributable to
the listed company’s
shareholders before -5,743,682.96 -274.79% -10,940,810.51 75.14%
exceptional gains and
losses (RMB)
Net cash generated
from/used in operating — — -137,652,034.71 -117.35%
activities (RMB)
Basic earnings per share
-0.0006 -185.31% 0.005 113.89%
(RMB/share)
Diluted earnings per share
-0.0006 -185.31% 0.005 113.89%
(RMB/share)
Weighted average return on
-0.02% -0.04% 0.14% -0.78%
equity (%)
30 September 2024 31 December 2023 Change (%)
Total assets (RMB) 6,459,864,549.07 6,485,312,507.46 -0.39%
Equity attributable to the
listed company’s 3,701,190,972.90 3,691,082,484.20 0.27%
shareholders (RMB)
(II) Exceptional Gains and Losses
Applicable □ Not applicable
Unit: RMB
Item Q3 2024 Q1-Q3 2024 Note
Gain or loss on disposal of non-current assets
-28,032.14 195,840.20
(inclusive of impairment allowance write-offs)
Government grants recognised in profit or loss
(exclusive of those that are closely related to the
Company's normal business operations and given in
83,011.12
accordance with defined criteria and in compliance
with government policies, and have a continuing
impact on the Company's profit or loss)
Changes in fair
Gains and losses on investment or asset management value arising from
4,243,054.54 13,964,637.73
entrustments to other entities investing monetary
funds
Non-operating income and expense other than the
1,223,341.62 2,381,686.58
above
Less: Income tax effects 298,827.37 665,134.48
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ShenZhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd. Third Quarterly Report 2024
Non-controlling interests effects (net of tax) 585.56
Total 5,139,536.65 15,959,455.59 --
Other items that meet the definition of exceptional gain/loss:
□Applicable Not applicable
No such cases in the Reporting Period.
Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed in the Explanatory Announcement
No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss Items:
□Applicable Not applicable
No such cases in the Reporting Period.
(III) Changes in Key Financial Statement Line Items and Explanation of why
Operating revenue for Q1-Q3 2024 declined 41.23% as compared to the same period of last year, primarily
driven by the decreased property sales revenue in the Reporting Period.
Net profit attributable to the listed company’s shareholders for Q1-Q3 2024 rose 113.78% as compared to the
same period of last year and net profit attributable to the listed company’s shareholders before exceptional gains
and losses for Q1-Q3 2024 rose 75.14% as compared to the same period of last year, primarily driven by the
payment of land value added tax in the same period of last year.
Net cash generated from/used in operating activities for Q1-Q3 2024 declined 117.35% as compared to the
same period of last year, primarily driven by the gradual inflow of pre-sale revenue of the Guangmingli project
in the same period of last year and the decreased property sales in the current period.
II Shareholder Information
(I) Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as well
as Holdings of Top 10 Shareholders
Unit: share
Number of preference shareholders with resumed voting
Number of ordinary shareholders 54,508 0
rights
Top 10 shareholders (exclusive of shares lent in refinancing)
Sharehold Shares in pledge, marked
Nature of ing Total shares Restricted or frozen
Name of shareholder
shareholder percentag held shares held Shar
Status
e es
Shenzhen Investment State-owned
55.78% 564,353,838 0 N/A 0
Holdings Co., Ltd. corporation
Shenzhen State-Owned Domestic non-
Equity Operation and state-owned legal 6.35% 64,288,426 0 N/A 0
Management Co., Ltd. person
Domestic natural
Yang Jianmin 1.19% 12,069,517 0 N/A 0
person
Domestic natural
Zhang Xiujuan 0.47% 4,760,400 0 N/A 0
person
Domestic natural
Wang Yulan 0.46% 4,612,991 0 N/A 0
person
Hong Kong Securities Foreign legal
0.36% 3,669,204 0 N/A 0
Clearing Company Ltd. person
Industrial and Commercial Other 0.35% 3,548,804 0 N/A 0
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ShenZhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd. Third Quarterly Report 2024
Bank of China Limited －
Southern China Securities
Full Index Real Estate
Trading Open-ended Index
Securities Investment Fund
Domestic natural
He Qiao 0.33% 3,332,000 0 N/A 0
person
China Merchants Bank Co.,
Ltd.- Southern China
Securities 1000 Trading Other 0.30% 3,066,396 0 N/A 0
Open-ended Index
Securities Investment Fund
Domestic natural
Wang Zhengying 0.29% 2,918,100 0 N/A 0
person
Top 10 unrestricted shareholders (exclusive of shares lent in refinancing and locked shares of executives)
Shares by type and number
Name of shareholder Unrestricted shares held
Type Shares
RMB-
Shenzhen Investment Holdings Co., Ltd. 564,353,838 denominated 564,353,838
ordinary stock
RMB-
Shenzhen State-Owned Equity Operation and Management
64,288,426 denominated 64,288,426
Co., Ltd.
ordinary stock
RMB-
Yang Jianmin 12,069,517 denominated 12,069,517
ordinary stock
RMB-
Zhang Xiujuan 4,760,400 denominated 4,760,400
ordinary stock
RMB-
Wang Yulan 4,612,991 denominated 4,612,991
ordinary stock
RMB-
Hong Kong Securities Clearing Company Ltd. 3,669,204 denominated 3,669,204
ordinary stock
Industrial and Commercial Bank of China Limited － RMB-
Southern China Securities Full Index Real Estate Trading 3,548,804 denominated 3,548,804
Open-ended Index Securities Investment Fund ordinary stock
RMB-
He Qiao 3,332,000 denominated 3,332,000
ordinary stock
China Merchants Bank Co., Ltd.- Southern China RMB-
Securities 1000 Trading Open-ended Index Securities 3,066,396 denominated 3,066,396
Investment Fund ordinary stock
RMB-
Wang Zhengying 2,918,100 denominated 2,918,100
ordinary stock
Among the top 10 unrestricted shareholders of the Company, Shenzhen State-
Owned Equity Operation and Management Co., Ltd. is the wholly-owned
Related or acting-in-concert parties among subsidiary of Shenzhen Investment Holdings Co., Ltd. The Company does not
the shareholders above know whether there exists related-party relationship among the other shareholders,
or whether they are persons acting in concert as prescribed in the Administrative
Measures for the Acquisition of Listed Companies.
Among the top 10 shareholders, the third shareholder holds 9,804,200 shares of the
Top 10 shareholders engaged in securities Company in his credit security account; the fourth shareholder holds 4,760,400
margin trading (if any) shares of the Company in her credit security account; the eighth shareholder holds
3,332,000 shares of the Company in his credit security account; the tenth
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ShenZhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd. Third Quarterly Report 2024
shareholders holds 2,918,100 shares of the Company in his credit security account.
5% or greater shareholders, top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing shares lending
Applicable □ Not applicable
Unit: share
5% or greater shareholders, top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing shares lending
Shares in the common Shares lent in Shares lent in
Shares in the common
account and credit refinancing and not yet refinancing and not
account and credit account
account at the period- returned at the period- yet returned at the
Full name of at the period-end
begin begin period-end
shareholder
As % of As % of As % of As % of
Total Total Total
total share total share Total shares total share total share
shares shares shares
capital capital capital capital
China Merchants
Bank Co., Ltd.-
Southern China
Securities 1000
319,800 0.03% 71,800 0.01% 3,066,396 0.30% 0 0.00%
Trading Open-
ended Index
Securities
Investment Fund
Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares lending/return compared with the
prior period
Applicable □ Not applicable
Unit: share
Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares lending/return compared with the
end of the prior period
Shares in the common
Shares lent in
account and credit account
refinancing and not
Newly added to or plus shares lent in
yet returned at the
exiting from top 10 refinancing and not yet
Full name of shareholder period-end
shareholders in the returned at the period-end
Reporting Period As % of As % of
Total
total share Total shares total share
shares
capital capital
China Merchants Bank Co., Ltd.- Southern
China Securities 1000 Trading Open-ended Newly added 0 0.00% 3,066,396 0.30%
Index Securities Investment Fund
(II) Number of Preference Shareholders and Shareholdings of Top 10 of Them
□Applicable Not applicable
III Other Significant Events
(I) The controlling shareholder of the Company, Shenzhen Investment Holdings Co., Ltd. intends to transfer its
71,498,100 shares in the Company (accounting for 7.07% of the Company’s total share capital) to China Orient
Asset Management Co., Ltd. via transfer by agreement, which is subject to the approval of the Supervision
Department of State-owned Assets Supervision and Administration Commission, the confirmation of compliance
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ShenZhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd. Third Quarterly Report 2024
by Shenzhen Stock Exchange and application to China Securities Depository and Clearing Corporation Limited
for registration of transfer of the shares. Thus, it is uncertain whether this transfer by agreement can be finalized
or not. For more details, please refer to the Suggestive Announcement on the Controlling Shareholder's Transfer
of Part of the Company's Shares under Agreement and Equity Change (Announcement No.: 2024-021) disclosed
on 29 June 2024.
(II) The Company respectively convened the 13th Meeting of the 8th Board of Directors and the 9th Meeting of the
8th Supervisory Committee on 30 September 2024, at which, the Proposal on Changing the Commitment to Avoid
Horizontal Competition by the Controlling Shareholder of the Company was reviewed and approved. Relevant
matters shall be submitted to the shareholders’ meeting of the Company for review. For more details, please refer
to the Announcement on Changing the Commitment to Avoid Horizontal Competition by the Controlling
Shareholder of the Company (Announcement No.: 2024-035) disclosed on 30 September 2024.
IV Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by ShenZhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
30 September 2024
Unit: RMB
Item 30 September 2024 1 January 2024
Current assets:
Monetary assets 583,402,066.94 871,019,268.83
Settlement reserve
Loans to other banks and financial
institutions
Held-for-trading financial assets 933,304,839.65 879,340,201.92
Derivative financial assets
Notes receivable
Accounts receivable 88,684,341.22 75,100,970.83
Receivables financing
Prepayments 2,455,137.62 409,192.07
Premiums receivable
Reinsurance receivables
Receivable reinsurance contract
reserve
Other receivables 20,538,725.26 15,893,736.28
Including: Interest receivable
Dividends receivable
Financial assets purchased under
resale agreements
Inventories 4,044,416,401.02 3,915,215,921.96
Including: Data resource
Contract assets 26,466,060.03 27,352,596.92
Assets held for sale
Current portion of non-current assets
Other current assets 167,817,788.82 87,175,263.06
Total current assets 5,867,085,360.56 5,871,507,151.87
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ShenZhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd. Third Quarterly Report 2024
Non-current assets:
Loans and advances to customers
Debt investments
Other debt investments
Long-term receivables
Long-term equity investments
Investments in other equity
15,326,451.57 14,324,411.35
instruments
Other non-current financial assets
Investment property 521,455,768.09 541,542,136.17
Fixed assets 17,954,875.64 19,928,049.77
Construction in progress
Productive living assets
Oil and gas assets
Right-of-use assets 12,673.50 99,641.48
Intangible assets
Including: Data resource
Development costs
Including: Data resource
Goodwill
Long-term prepaid expense 1,029,510.15 1,598,305.56
Deferred income tax assets 36,750,203.66 36,312,811.26
Other non-current assets 249,705.90
Total non-current assets 592,779,188.51 613,805,355.59
Total assets 6,459,864,549.07 6,485,312,507.46
Current liabilities:
Short-term borrowings 4,363,396.09 3,550,000.00
Borrowings from the central bank
Loans from other banks and financial
institutions
Held-for-trading financial liabilities
Derivative financial liabilities
Notes payable 419,905,857.76 443,259,768.78
Accounts payable
Advances from customers 989,653.09 420,724.30
Contract liabilities 1,383,798,125.52 1,291,448,591.28
Financial assets sold under
repurchase agreements
Customer deposits and deposits from
other banks and financial institutions
Payables for acting trading of
securities
Payables for underwriting of
securities
Employee benefits payable 23,854,539.59 22,247,017.36
Taxes and levies payable 35,378,094.33 40,908,986.48
Other payables 557,817,929.91 554,469,229.59
Including: Interest payable 16,535,277.94 16,535,277.94
Dividends payable
Fees and commissions payable
Reinsurance payables
Liabilities directly associated with
assets held for sale
Current portion of non-current
50,315,969.20 34,056,347.93
liabilities
Other current liabilities 132,267,400.40 136,364,529.76
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ShenZhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd. Third Quarterly Report 2024
Total current liabilities 2,608,690,965.89 2,526,725,195.48
Non-current liabilities:
Insurance contract reserve
Long-term borrowings 62,336,264.42 179,431,851.02
Bonds payable
Including: Preference shares
Perpetual bonds
Lease liabilities
Long-term payables
Long-term employee benefits
payable
Provisions
Deferred income
Deferred income tax liabilities 3,012,566.54 3,012,566.54
Other non-current liabilities
Total non-current liabilities 65,348,830.96 182,444,417.56
Total liabilities 2,674,039,796.85 2,709,169,613.04
Owners’ equity:
Share capital 1,011,660,000.00 1,011,660,000.00
Other equity instruments
Including: Preference shares
Perpetual bonds
Capital reserves 978,244,910.11 978,244,910.11
Less: Treasury stock
Other comprehensive income 30,409,303.06 25,319,459.44
Specific reserve
Surplus reserves 275,253,729.26 275,253,729.26
General reserve
Retained earnings 1,405,623,030.47 1,400,604,385.39
Total equity attributable to owners of the
3,701,190,972.90 3,691,082,484.20
Company as the parent
Non-controlling interests 84,633,779.32 85,060,410.22
Total owners’ equity 3,785,824,752.22 3,776,142,894.42
Total liabilities and owners’ equity 6,459,864,549.07 6,485,312,507.46
Legal representative: Tang Xiaoping Chief Financial Officer: Wang Jianfei Head of the financial department: Zhou Hongpu
2. Consolidated Income Statement for Q1~Q3
Unit: RMB
Item Q1~Q3 2024 Q1~Q3 2023
1. Revenues 208,232,198.00 354,316,805.85
Including: Operating revenue 208,232,198.00 354,316,805.85
Interest income
Insurance premium income
Fee and commission
income
2. Costs and expenses 221,606,819.35 404,813,647.75
Including: Cost of sales 167,778,707.67 289,093,965.63
Interest expense
Fee and commission
expense
Surrenders
Net insurance claims paid
Net amount provided as
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ShenZhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd. Third Quarterly Report 2024
insurance contract reserve
Expenditure on policy
dividends
Reinsurance premium
expense
Taxes and levies
Selling expense 10,691,316.88 63,813,731.19
Administrative expense 8,652,895.76 17,817,886.71
R&D expense 38,834,113.71 34,809,213.29
Finance costs -4,350,214.67 -721,149.07
Including: Interest expense 1,462,486.36 427,438.60
Interest income 6,941,761.59 1,303,132.63
Add: Other income 83,011.12 121,159.27
Return on investment (“-” for
777,600.00 2,516,011.35
loss)
Including: Share of profit or
loss of joint ventures and associates
Income from the
derecognition of financial assets at
amortized cost (“-” for loss)
Exchange gain (“-” for loss)
Net gain on exposure hedges (“-”
for loss)
Gain on changes in fair value (“-”
13,964,637.73 4,987,562.50
for loss)
Credit impairment loss (“-” for
187.93 529,176.78
loss)
Asset impairment loss (“-” for
loss)
Asset disposal income (“-” for
195,840.20 0.00
loss)
3. Operating profit (“-” for loss) 1,646,655.63 -42,342,932.00
Add: Non-operating income 2,413,776.71 19,661.14
Less: Non-operating expense 32,090.13 52,212.63
4. Gross profit (“-” for loss) 4,028,342.21 -42,375,483.49
Less: Income tax expense -156,327.13 -2,092,269.34
5. Net profit (“-” for net loss) 4,184,669.34 -40,283,214.15
5.1 By operating continuity
5.1.1 Net profit from continuing
4,184,669.34 -40,283,214.15
operations (“-” for net loss)
5.1.2 Net profit from
discontinued operations (“-” for net loss)
5.2 By ownership
5.2.1 Net profit attributable to
shareholders of the Company as the 5,018,645.08 -36,431,405.81
parent (“-” for net loss)
5.2.2 Net profit attributable to non-
-833,975.74 -3,851,808.34
controlling interests (“-” for net loss)
6. Other comprehensive income, net of
5,497,188.46 -2,691,309.51
tax
Attributable to owners of the
5,089,843.62 -1,899,341.33
Company as the parent
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ShenZhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd. Third Quarterly Report 2024
6.1 Items that will not be
1,002,040.22 -51,415.57
reclassified to profit or loss
6.1.1 Changes caused by
remeasurements on defined benefit
schemes
6.1.2 Other comprehensive
income that will not be reclassified to
profit or loss under the equity method
6.1.3 Changes in the fair value of
1,002,040.22 -51,415.57
investments in other equity instruments
6.1.4 Changes in the fair value
arising from changes in own credit risk
6.1.5 Other
6.2 Items that will be reclassified to
4,087,803.40 -1,847,925.76
profit or loss
6.2.1 Other comprehensive
income that will be reclassified to profit
or loss under the equity method
6.2.2 Changes in the fair value of
other debt investments
6.2.3 Other comprehensive
income arising from the reclassification
of financial assets
6.2.4 Credit impairment
allowance for other debt investments
6.2.5 Reserve for cash flow
hedges
6.2.6 Differences arising from the
translation of foreign currency- 4,087,803.40 -1,847,925.76
denominated financial statements
6.2.7 Other
Attributable to non-controlling
407,344.84 -791,968.18
interests
7. Total comprehensive income 9,681,857.80 -42,974,523.66
7.1 Attributable to owners of the
10,108,488.70 -38,330,747.14
Company as the parent
7.2 Attributable to non-controlling
-426,630.90 -4,643,776.52
interests
8. Earnings per share
8.1 Basic earnings per share 0.005 -0.036
8.2 Diluted earnings per share 0.005 -0.036
Where business combinations under common control occurred in the current period, the net profit achieved by the acquirees before
the combinations was RMB0.00, with the amount for the same period of last year being RMB0.00.
Legal representative: Tang Xiaoping Chief Financial Officer: Wang Jianfei Head of the financial department: Zhou Hongpu
3. Consolidated Cash Flow Statement for Q1~Q3
Unit: RMB
Item Q1~Q3 2024 Q1~Q3 2023
1. Cash flows from operating activities:
Proceeds from sale of commodities
326,336,098.63 416,750,824.92
and rendering of services
Net increase in customer deposits and
deposits from other banks and financial
institutions
Net increase in borrowings from the
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ShenZhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd. Third Quarterly Report 2024
central bank
Net increase in loans from other
financial institutions
Premiums received on original
insurance contracts
Net proceeds from reinsurance
Net increase in deposits and
investments of policy holders
Interest, fees and commissions
received
Net increase in loans from other
banks and financial institutions
Net increase in proceeds from
repurchase transactions
Net proceeds from acting trading of
securities
Tax and levy rebates 2,098,014.38 1,186,861.59
Cash generated from other operating
53,676,909.83 29,129,487.96
activities
Subtotal of cash generated from
382,111,022.84 447,067,174.47
operating activities
Payments for commodities and
280,592,715.45 123,719,069.83
services
Net increase in loans and advances to
customers
Net increase in deposits in the central
bank and other banks and financial
institutions
Payments for claims on original
insurance contracts
Net increase in loans to other banks
and financial institutions
Interest, fees and commissions paid
Policy dividends paid
Cash paid to and for employees 52,653,455.05 53,087,639.58
Taxes and levies paid 97,068,843.94 201,016,409.51
Cash used in other operating
89,448,043.11 132,577,463.14
activities
Subtotal of cash used in operating
519,763,057.55 510,400,582.06
activities
Net cash generated from/used in
-137,652,034.71 -63,333,407.59
operating activities
2. Cash flows from investing activities:
Proceeds from disinvestment
Return on investment 777,600.00 2,354,519.56
Net proceeds from the disposal of
fixed assets, intangible assets and other 3,537.60
long-lived assets
Net proceeds from the disposal of
subsidiaries and other business units
Cash generated from other investing
136,800,000.00
activities
Subtotal of cash generated from 777,600.00 139,158,057.16
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ShenZhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd. Third Quarterly Report 2024
investing activities
Payments for the acquisition of fixed
assets, intangible assets and other long- 73,853.52 599,579.46
lived assets
Payments for investments
Net increase in pledged loans granted
Net payments for the acquisition of
subsidiaries and other business units
Cash used in other investing
40,000,000.00
activities
Subtotal of cash used in investing
40,073,853.52 599,579.46
activities
Net cash generated from/used in
-39,296,253.52 138,558,477.70
investing activities
3. Cash flows from financing activities:
Capital contributions received
Including: Capital contributions by
non-controlling interests to subsidiaries
Borrowings received 155,986,610.82
Cash generated from other financing
activities
Subtotal of cash generated from
155,986,610.82
financing activities
Repayment of borrowings 100,376,586.60
Interest and dividends paid 4,606,753.86 65,137,494.78
Including: Dividends paid by
subsidiaries to non-controlling interests
Cash used in other financing activities
Subtotal of cash used in financing
104,983,340.46 65,137,494.78
activities
Net cash generated from/used in
-104,983,340.46 90,849,116.04
financing activities
4. Effect of foreign exchange rates
-84,495.03 154,319.59
changes on cash and cash equivalents
5. Net increase in cash and cash
-282,016,123.72 166,228,505.74
equivalents
Add: Cash and cash equivalents,
859,146,413.35 190,365,069.48
beginning of the period
6. Cash and cash equivalents, end of the
577,130,289.63 356,593,575.22
period
(II) Adjustments to Financial Statement Items at the Beginning of the Year of the First Implementation of
the New Accounting Standards Implemented since 2024
□Applicable Not applicable
(III) Independent Auditor’s Report
Indicate by tick mark whether the financial statements above have been audited by an independent auditor.
□Yes No
These financial statements have not been audited by such an auditor.
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ShenZhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd. Third Quarterly Report 2024
Board of Directors
ShenZhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
31 October 2024
13
