Report for the Third Quarter of 2015 of Shenzhen Properties & Resources Development (Group) Ltd.
SHENZHEN PROPERTIES & RESOURCES
DEVELOPMENT (GROUP) LTD.
Report for the Third Quarter of 2015
26
October 2015
1
Report for the Third Quarter of 2015 of Shenzhen Properties & Resources Development (Group) Ltd.
Section I. Important Reminders
The Board of Directors, the Supervisory Committee as well as all directors, supervisors and senior management
staff of Shenzhen Properties & Resources Development (Group) Ltd. (hereinafter referred to as “the Company”)
warrant that this report is factual, accurate and complete without any false record, misleading statement or
material omission. And they shall be jointly and severally liable for that.
All directors attended the board session for reviewing this report.
Mr. Chen Yugang, company principal, Mr. Wang Hangjun, chief of the accounting work, and Ms. Shen Xueying,
chief of the accounting organ (chief of accounting), hereby confirm that the Financial Report enclosed in this
report is factual, accurate and complete.
This report is prepared in both Chinese and English. Should there be any discrepancy between the two versions,
the Chinese version shall prevail.
2
Report for the Third Quarter of 2015 of Shenzhen Properties & Resources Development (Group) Ltd.
Section II. Financial Highlights & Change of Shareholders
I. Major accounting data and financial indexes
Does the Company adjust retrospectively or restate accounting data of previous years due to change of the accounting policy or
correction of any accounting error?
□ Yes √ No
30 Sept. 2015 31 Dec. 2014 Increase/decrease (%)
Total assets (RMB Yuan) 4,008,625,005.47 3,883,288,145.46 3.23%
Net assets attributable to
shareholders of the Company 1,984,699,191.50 2,074,242,662.07 -4.32%
(RMB Yuan)
YoY increase/decrease YoY increase/decrease
Jul.-Sept. 2015 Jan.-Sept. 2015
(%) (%)
Operating revenues (RMB Yuan) 297,288,997.73 -4.47% 636,050,308.12 -21.72%
Net profit attributable to
shareholders of the Company 15,292,968.63 -92.75% 46,455,800.37 -85.62%
(RMB Yuan)
Net profit attributable to
shareholders of the Company after
15,154,797.52 -62.00% 42,101,673.71 -70.62%
extraordinary gains and losses
(RMB Yuan)
Net cash flows from operating
-- -- -39,562,655.50 -58.56%
activities (RMB Yuan)
Basic EPS (RMB Yuan/share) 0.0256 -92.77% 0.0779 -85.63%
Diluted EPS (RMB Yuan/share) 0.0256 -92.77% 0.0779 -85.63%
Weighted average ROE (%) 0.76% -10.46% 2.30% -14.87%
Items and amounts of extraordinary gains and losses
√Applicable □Inapplicable
Unit: RMB Yuan
Item Amount as of Jan.-Sept. 2015 Note
Gains/losses on the disposal of non-current assets (including the
-428,479.60
offset part of asset impairment provisions)
Gains and losses on change in fair value from tradable financial
assets and tradable financial liabilities, as well as investment
Was the revenue from selling the
income from disposal of tradable financial assets and tradable 6,101,133.09
stocks of China Plastic Holding
financial liabilities and financial assets available for sales, except
for effective hedging related with normal businesses of the
3
Report for the Third Quarter of 2015 of Shenzhen Properties & Resources Development (Group) Ltd.
Company
Non-operating incomes and expenses other than the above 95,210.82
Less: Income tax effects 1,413,737.65
Total 4,354,126.66 --
Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in the Explanatory
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Extraordinary Gains and
Losses, or classifies any extraordinary gain/loss item mentioned in the said explanatory announcement as a recurrent gain/loss item
□ Applicable √ Inapplicable
There was no such situation of the Company during the reporting period.
II. Total number of shareholders and shareholdings of the top ten shareholders at the
period-end
1. Total number of common shareholders and shareholdings of the top ten common shareholders at the
period-end
Unit: share
Total number of common
42,162
shareholders at the period-end
Shareholdings of the top ten common shareholders
Number of Pledged or frozen shares
Name of Nature of Shareholding Number of the
restricted shares
shareholder shareholder percentage (%) shares held Status of shares Number of shares
held
SHENZHEN
CONSTRUCTIO
N State-owned
54.33% 323,796,324 293,997,370
INVESTMENT corporation
HOLDINGS
CORPORATION
SHENZHEN
INVESTMENT State-owned
9.49% 56,582,573 56,582,573
MANAGEMENT corporation
CORPORATION
SHENZHEN
DUTY-FREE Domestic
COMMODITY non-state-owned 0.29% 1,730,300 1,730,300
ENTERPRISES corporation
CO., LTD.
Domestic
Huang Qianwen 0.23% 1,485,300
individual
4
Report for the Third Quarter of 2015 of Shenzhen Properties & Resources Development (Group) Ltd.
Foreign
Yang Yaochu 0.18% 1,076,960
individual
Domestic
Chen Liying 0.18% 1,076,051
individual
Domestic
Zhonglian
non-state-owned 0.16% 900,000
Industry
corporation
Domestic
Mai Furong 0.15% 821,917
individual
Domestic
Cao Yifan 0.15% 821,811
individual
Beijing Fengdan
Domestic
Investment &
non-state-owned 0.14% 720,000
Management Co.,
corporation
Ltd.
Shareholdings of the top ten non-restricted common shareholders
Number of non-restricted common shares held at the Type of shares
Name of shareholder
period-end Type Number
SHENZHEN CONSTRUCTION
RMB ordinary
INVESTMENT HOLDINGS 29,798,954 29,798,954
share
CORPORATION
RMB ordinary
Huang Qianwen 1,485,300 1,485,300
share
Domestically
Yang Yaochu 1,076,960 listed foreign 1,076,960
share
Domestically
Chen Liying 1,076,051 listed foreign 1,076,051
share
RMB ordinary
Zhonglian Industry 900,000 900,000
share
Domestically
Mai Furong 821,917 listed foreign 821,917
share
Domestically
Cao Yifan 821,811 listed foreign 821,811
share
Beijing Fengdan Investment & RMB ordinary
720,000 720,000
Management Co., Ltd. share
5
Report for the Third Quarter of 2015 of Shenzhen Properties & Resources Development (Group) Ltd.
RMB ordinary
He Zhili 691,200 691,200
share
RMB ordinary
Huang Zhihui 596,700 596,700
share
The shareholder SHENZHEN CONSTRUCTION INVESTMENT HOLDINGS
Explanation on associated
CORPORATION and Shenzhen Investment & Management Co., Ltd. were both belong to the
relationship or/and persons acting in
actual controlling shareholder of the Company – Shenzhen Investment Shareholding Co.,
concert among the above-mentioned
Ltd., and it is unknown whether the remaining 8 shareholders are related parties or
shareholders:
acting-in-concert parties.
Did any of the top 10 common shareholders or the top 10 non-restricted common shareholders of the Company carry out any agreed
buy-back in the reporting period?
□ Yes √ No
No any top 10 common shareholders or the top 10 non-restricted common shareholders of the Company carried out any agreed
buy-back in the reporting period.
2. Total number of preferred share holders and shareholdings of the top ten preferred share holders at the
period-end
□ Applicable √ Inapplicable
Section III. Significant Events
I. Major changes in main accounting statement items and financial indicators in the reporting
period, as well as reasons for the changes
√ Applicable □ Inapplicable
1. Accounts receivable at the period-end stood at RMB 43,029,628.94, up 61.86% from the year-beginning,
mainly because property management fees receivable of subsidiaries increased.
2. Prepayments at the period-end stood at RMB 34,207,546.97, up 31.62% from the year-beginning, mainly
because the prepaid taxes and fares increased.
3. Other receivables at the period-end stood at RMB 11,337,830.42, up 70.79% from the year-beginning, mainly
because the utilities that the relevant subsidiary had paid on behalf of but not yet settled with its clients and so on
increased.
4. Accounts received in advance at the period-end stood at RMB 262,106,765.42, up 811.47% from the
year-beginning, mainly because the advances from house buyers increased.
5. Non-current liabilities due within 1 year at the period-end stood at RMB 161,243,352.00, up 3124.87% from
the year-beginning, mainly because some long-term borrowings were transferred into this item according to
regulations.
6. Long-term borrowings at the period-end stood at RMB 91,723,000.00, down 48.36% from the year-beginning,
mainly because the borrowings due within 1 year were reclassified as non-current liabilities due within 1 year
6
Report for the Third Quarter of 2015 of Shenzhen Properties & Resources Development (Group) Ltd.
according to relevant regulations.
7. Deferred income tax liabilities at the period-end stood at RMB 26,519.13, down 89.71% from the
year-beginning, mainly because financial assets available for sale were sold.
8. Other comprehensive incomes at the period-end stood at RMB -8,890,012.23, down 121.91% from the
year-beginning, mainly because financial assets available for sale were sold and the difference of foreign-currency
statement translation decreased.
9. Operating costs for Jul.-Sept. 2015 stood at RMB 208,025,684.89, up 37.75% year on year, mainly because the
settled project area for Jul.-Sept. 2015 increased from the same period of last year.
10. The business tax and surtaxes for Jan.-Sept. 2015 stood at RMB 84,688,366.10, down 44.44% from the same
period of last year, mainly because: the settled project incomes during Jan.-Sept. 2015 decreased and the taxes and
fares such as the business tax and the land VAT decreased accordingly; the business tax and surtaxes for Jul.-Sept.
2015 stood at RMB 37,907,220.01, down 45.95% year on year, mainly because the settled project incomes for
Jul.-Sept. 2015 decreased and the taxes and fares such as the business tax and the land VAT decreased
accordingly.
11. The selling expenses for Jan.-Sept. 2015 and Jul.-Sept. 2015 stood at RMB 20,236,447.48 and RMB
7,578,180.79, up 85.62% and 32.14% respectively from the same period of last year, mainly because the
advertising, sales service and agency fees increased to enhance marketing.
12. The financial expenses for Jul.-Sept. 2015 stood at RMB -1,190,173.21, with the relevant gain (negative)
decreasing 34.72% from the same period of last year, mainly because the interest income decreased.
13. The asset impairment losses for Jan.-Sept. 2015 stood at RMB 350,497.07, down 75.85% year on year, mainly
because the bad-debt provisions made according to aging decreased.
14. The investment gains for Jan.-Sept. 2015 and Jul.-Sept. 2015 stood at RMB 7,354,998.23 and RMB
587,455.97, down 96.57% and 99.72% respectively from the same period of last year, mainly because in the same
period of last year, the Company gained from the sale of its 50% stake in Shenzhen Guomao Tian’an Properties
Co., Ltd.
15. The investment gains on associates and jointly-run enterprises for Jul.-Sept. 2015 stood at RMB 587,455.97,
down 74.60% from the same period of last year, mainly because the stake in jointly-run enterprise Shenzhen
Guomao Tian’an Properties Co., Ltd. was sold and the relevant gains decreased.
16. The net non-business incomes and expenses for Jan.-Sept. 2015 stood at RMB -333,268.78, down 107.85%
from the same period of last year, mainly because the gains on disposal of fixed assets and the fine and
confiscation incomes decreased during Jan.-Sept. 2015.
17. The income tax expenses for Jan.-Sept. 2015 and Jul.-Sept. 2015 stood at RMB 16,988,827.80 and RMB
5,626,782.83, down 82.05% and 90.44% respectively from the same period of last year, mainly because the
profits achieved decreased.
18. The operating profits, total profits and net profits (attributable to the Company without subsidiaries) for
Jul.-Sept. 2015 stood at RMB 20,716,221.47, RMB 20,919,751.46 and RMB 15,292,968.63 respectively, down
92.31%, 92.25% and 92.75% from the same period of last year; the operating profits, total profits and net profits
(attributable to the Company without subsidiaries) for Jan.-Sept. 2015 stood at RMB 63,777,896.95, RMB
63,444,628.17 and RMB 46,455,800.37 respectively, down 84.58%, 84.81% and 85.62% from the same period of
last year, mainly because the real estate income decreased and in the same period of last year, the Company
gained from the sale of its 50% stake in Shenzhen Guomao Tian’an Properties Co., Ltd.
19. Net cash flows from operating activities for Jan.-Sept. 2015 stood at RMB -39,562,655.50, with the net
outflows (negative) down 58.56% from the same period of last year, mainly because the cash inflows from sale of
7
Report for the Third Quarter of 2015 of Shenzhen Properties & Resources Development (Group) Ltd.
houses increased.
20. Net cash flows from investing activities for Jan.-Sept. 2015 stood at RMB -8,021,090.40, down 103.43% from
the same period of last year, mainly because of the cash received in the same period of last year due to the sale of
the 50% stake in Shenzhen Guomao Tian’an Properties Co., Ltd.
21. Net cash flows from financing activities for Jan.-Sept. 2015 stood at RMB -82,365,414.10, with the net
outflows (negative) down 39.14% from the same period of last year, mainly because the borrowing repayments as
well as the dividend and interest payments decreased.
22. The net increase in cash and cash equivalents for Jan.-Sept. 2015 and the balance of cash and cash equivalents
at the period-end stood at RMB -128,268,567.28 and RMB 680,694,809.40, respectively down 4425.54% and
30.55% year on year, mainly because in the same period of last year, the Company received cash from the sale of
its 50% stake in Shenzhen Guomao Tian’an Properties Co., Ltd.
II. Progress and influence of significant events, as well as the analysis and explanation on
solutions
□ Applicable √ Inapplicable
III. Commitments made by the Company or shareholders holding over 5% of the Company’s
shares in the reporting period or such commitments carried down into the reporting period
□ Applicable √ Inapplicable
No such commitments in the reporting period.
IV. Predict the 2015 annual operating results
Warnings of possible loss or large-margin change of the accumulated net profit made during the period from the beginning of the
year to the end of the next reporting period compared with the same period of the last year according to prediction, as well as
explanations on the reasons
√ Applicable □ Inapplicable
Type of the performance forecast: Considerable decrease at the same direction
Data type in the table of performance forecast below: Exact data
2015 2014 +/-
Forecast of net profits (RMB
11,250 41,750 Down -73.05%
Ten thousand)
Forecast of basic EPS (RMB
0.1888 0.7005 Down -73.05%
Yuan/share)
The business performance is expected to record a significant change because the project area
available for settlement in Shenzhen in 2015 is likely to decrease considerably from last year and in
the same period of last year, the Company received an investment gain of RMB 207 million for the
Explanation
sale of its 50% stake in Shenzhen Guomao Tian’an Properties Co., Ltd. These forecasts are only
preliminary estimates according to the status quo of the sales of the Company’s real estate projects.
Investors are kindly reminded that the actual gains or losses of the Company for Jan.-Dec. 2015
8
Report for the Third Quarter of 2015 of Shenzhen Properties & Resources Development (Group) Ltd.
shall be subject to the data to be given in the 2015 Annual Report of the Company.
V. Securities investment
□ Applicable √ Inapplicable
No such cases in the reporting period.
VI. Shareholdings in other listed companies
□Applicable √Inapplicable
There was no shareholding in other listed companies in the Company
VII. Investments in derivatives
□Applicable √Inapplicable
The Company did not invest in any derivative in the reporting period.
VIII. Researches, visits and interviews received in the reporting period
√Applicable □Inapplicable
Main discussion and
Time Place Way of reception Visitor type Visitor materials provided by the
Company
The Company’s Whether suspended or not,
8 Jul. 2015 By phone Individual Investor
office bailouts
The Company’s Whether had detailed
28 Jul. 2015 By phone Individual Investor
office scheme of the bailouts
The Company’s When did the Dongguan
4 Aug. 2015 By phone Individual Investor
office Project open
The Company’s Whether Qianhai Project
9 Sep.2015 By phone Individual Investor
office open within the year or not
9
Report for the Third Quarter of 2015 of Shenzhen Properties & Resources Development (Group) Ltd.
Section IV. Financial Statements
I. Financial statements
1. Consolidated balance sheet
Prepared by Shenzhen Properties & Resources Development (Group) Ltd.
30 Sep. 2015
Unit: RMB Yuan
Item Closing balance Opening balance
Current assets:
Monetary funds 680,694,809.40 808,963,376.68
Settlement reserves
Intra-group lendings
Financial assets measured at fair
value of which changes are recorded in
current profits and losses
Derivative financial assets
Notes receivable
Accounts receivable 43,029,628.94 26,585,132.12
Accounts paid in advance 34,207,546.97 25,989,832.24
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract
reserves
Interest receivable
Dividend receivable
Other accounts receivable 11,337,830.42 6,638,425.25
Financial assets purchased under
agreements to resell
Inventories 2,541,038,867.73 2,323,472,671.20
Assets held for sale
Non-current assets due within 1 year
Other current assets
Total current assets 3,310,308,683.46 3,191,649,437.49
10
Report for the Third Quarter of 2015 of Shenzhen Properties & Resources Development (Group) Ltd.
Non-current assets:
Loans by mandate and advances
granted
Available-for-sale financial assets 14,500,000.00 18,493,000.00
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 34,142,804.55 32,888,939.41
Investing real estate 243,724,873.10 250,014,034.94
Fixed assets 68,052,059.13 64,069,233.96
Construction in progress
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 94,428,209.75 99,792,587.03
R&D expense
Goodwill
Long-term deferred expenses 2,156,804.81 2,553,053.03
Deferred income tax assets 234,036,501.67 216,552,790.60
Other non-current assets 7,275,069.00 7,275,069.00
Total of non-current assets 698,316,322.01 691,638,707.97
Total assets 4,008,625,005.47 3,883,288,145.46
Current liabilities:
Short-term borrowings 88,000,000.00 100,000,000.00
Borrowings from the Central Bank
Customer bank deposits and due to
banks and other financial institutions
Intra-group borrowings
Financial liabilities measured at fair
value of which changes are recorded in
current profits and losses
Derivative financial liabilities
Notes payable
Accounts payable 173,185,350.75 175,347,021.19
Accounts received in advance 262,106,765.42 28,756,337.08
11
Report for the Third Quarter of 2015 of Shenzhen Properties & Resources Development (Group) Ltd.
Financial assets sold and repurchased
Handling charges and commissions
payable
Payroll payable 50,659,508.82 57,777,210.65
Tax payable 920,936,249.15 1,015,363,636.69
Interest payable 540,148.94 562,879.72
Dividend payable
Other accounts payable 136,929,845.24 111,032,824.55
Reinsurance premiums payable
Insurance contract reserves
Payables for acting trading of
securities
Payables for acting underwriting of
securities
Liabilities held for sale
Non-current liabilities due within 1
161,243,352.00 5,000,000.00
year
Other current liabilities
Total current liabilities 1,793,601,220.32 1,493,839,909.88
Non-current liabilities:
Long-term borrowings 91,723,000.00 177,613,352.00
Bonds payable
Of which: preference shares
Perpetual bonds
Long-term payables
Long-term payroll payables
Specific payables
Estimated liabilities
Deferred income 19,745,936.46 21,765,846.69
Deferred income tax liabilities 26,519.13 257,625.00
Other non-current liabilities 117,967,051.00 114,706,662.76
Total non-current liabilities 229,462,506.59 314,343,486.45
Total liabilities 2,023,063,726.91 1,808,183,396.33
Owners’ equity:
Share capital 595,979,092.00 595,979,092.00
12
Report for the Third Quarter of 2015 of Shenzhen Properties & Resources Development (Group) Ltd.
Other equity instruments
Of which: preference shares
Perpetual bonds
Capital reserves 119,951,533.93 119,951,533.93
Less: Treasury stock
Other comprehensive income -8,890,012.23 -4,006,141.53
Specific reserves
Surplus reserves 136,591,232.84 136,591,232.84
Provisions for general risks
Retained profits 1,141,067,344.96 1,225,726,944.83
Total equity attributable to owners of
1,984,699,191.50 2,074,242,662.07
the Company
Minority interests 862,087.06 862,087.06
Total owners’ equity 1,985,561,278.56 2,075,104,749.13
Total liabilities and owners’ equity 4,008,625,005.47 3,883,288,145.46
Legal representative: Chen Yugang Person-in-charge of the accounting work: Wang Hangjun
Chief of the accounting division: Shen Xueying
2. Balance sheet of the Company
Unit: RMB Yuan
Item Closing balance Opening balance
Current assets:
Monetary funds 190,376,936.08 338,036,109.52
Financial assets measured at fair
value of which changes are recorded in
current profits and losses
Derivative financial assets
Notes receivable
Accounts receivable 1,265,802.47 1,029,211.52
Accounts paid in advance
Interest receivable
Dividend receivable
Other accounts receivable 1,820,241,929.33 1,758,238,266.73
Inventories 474,295,452.55 385,762,064.03
13
Report for the Third Quarter of 2015 of Shenzhen Properties & Resources Development (Group) Ltd.
Assets held for sale
Non-current assets due within 1 year
Other current assets
Total current assets 2,486,180,120.43 2,483,065,651.80
Non-current assets:
Available-for-sale financial assets 230,500.00 4,223,500.00
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 280,700,065.53 279,446,200.39
Investing real estate 160,148,178.38 162,666,161.07
Fixed assets 10,137,970.68 11,701,031.08
Construction in progress
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets
R&D expense
Goodwill
Long-term deferred expenses 1,340,565.48 1,470,297.69
Deferred income tax assets
Other non-current assets
Total of non-current assets 452,557,280.07 459,507,190.23
Total assets 2,938,737,400.50 2,942,572,842.03
Current liabilities:
Short-term borrowings
Financial liabilities measured at fair
value of which changes are recorded in
current profits and losses
Derivative financial liabilities
Notes payable
Accounts payable 27,343,484.41 27,475,005.86
Accounts received in advance 494,180.55 556,723.50
Payroll payable 11,787,872.79 9,765,464.25
Tax payable 2,928,213.57 44,829,812.84
14
Report for the Third Quarter of 2015 of Shenzhen Properties & Resources Development (Group) Ltd.
Interest payable 698,829.52 621,676.25
Dividend payable
Other accounts payable 1,452,252,566.92 1,362,785,410.73
Liabilities held for sale
Non-current liabilities due within 1
260,000,000.00
year
Other current liabilities
Total current liabilities 1,755,505,147.76 1,446,034,093.43
Non-current liabilities:
Long-term borrowings 91,723,000.00 276,370,000.00
Bonds payable
Of which: preference shares
Perpetual bonds
Long-term payables
Long-term payroll payables
Specific payables
Estimated liabilities
Deferred income
Deferred income tax liabilities 257,625.00
Other non-current liabilities
Total non-current liabilities 91,723,000.00 276,627,625.00
Total liabilities 1,847,228,147.76 1,722,661,718.43
Owners’ equity:
Share capital 595,979,092.00 595,979,092.00
Other equity instruments
Of which: preference shares
Perpetual bonds
Capital reserves 94,057,859.68 94,057,859.68
Less: Treasury stock
Other comprehensive income 2,933,175.45
Specific reserves
Surplus reserves 135,934,422.40 135,934,422.40
Retained profits 265,537,878.66 391,006,574.07
Total owners’ equity 1,091,509,252.74 1,219,911,123.60
15
Report for the Third Quarter of 2015 of Shenzhen Properties & Resources Development (Group) Ltd.
Total liabilities and owners’ equity 2,938,737,400.50 2,942,572,842.03
3. Consolidated income statement for the reporting period
Unit: RMB Yuan
Item Jul.-Sept. 2015 Jul.-Sept. 2014
I. Operating revenues 297,288,997.73 311,190,490.67
Including: Sales income 297,288,997.73 311,190,490.67
Interest income
Premium income
Handling charge and commission
income
II. Operating costs 277,160,232.23 249,741,625.97
Including: Cost of sales 208,025,684.89 151,018,029.31
Interest expenses
Handling charge and commission
expenses
Surrenders
Net claims paid
Net amount withdrawn for the
insurance contract reserve
Expenditure on policy dividends
Reinsurance premium
Taxes and associate charges 37,907,220.01 70,138,205.94
Selling and distribution expenses 7,578,180.79 5,734,748.44
Administrative expenses 24,846,620.28 24,671,417.02
Financial expenses -1,190,173.21 -1,823,234.28
Asset impairment loss -7,300.53 2,459.54
Add: Gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-”
587,455.97 208,025,213.37
means loss)
Including: share of profits in
587,455.97 2,312,496.74
associates and joint ventures
Foreign exchange gains (“-” means
loss)
III. Business profit (“-” means loss) 20,716,221.47 269,474,078.07
16
Report for the Third Quarter of 2015 of Shenzhen Properties & Resources Development (Group) Ltd.
Add: non-operating income 252,265.29 522,989.81
Including: Gains on disposal of
non-current assets
Less: non-operating expense 48,735.30 61,312.97
Including: Losses on disposal of
1,558.00 7,832.44
non-current assets
IV. Total profit (“-” means loss) 20,919,751.46 269,935,754.91
Less: Income tax expense 5,626,782.83 58,884,855.72
V. Net profit (“-” means loss) 15,292,968.63 211,050,899.19
Net profit attributable to owners of
15,292,968.63 211,050,899.19
the Company
Minority shareholders’ income
VI. After-tax net amount of other
-1,932,969.54 78,925.00
comprehensive incomes
After-tax net amount of other
comprehensive incomes attributable to -1,932,969.54 78,925.00
owners of the Company
(I) Other comprehensive incomes
that will not be reclassified into gains and
losses
1. Changes in net liabilities or
assets with a defined benefit plan upon
re-measurement
2. Enjoyable shares in other
comprehensive incomes in investees that
cannot be reclassified into gains and
losses under the equity method
(II) Other comprehensive incomes
that will be reclassified into gains and -1,932,969.54 78,925.00
losses
1. Enjoyable shares in other
comprehensive incomes in investees that
will be reclassified into gains and losses
under the equity method
2. Gains and losses on fair
value changes of available-for-sale
financial assets
3. Gains and losses on
reclassifying held-to-maturity
17
Report for the Third Quarter of 2015 of Shenzhen Properties & Resources Development (Group) Ltd.
investments into available-for-sale
financial assets
4. Effective hedging gains and
losses on cash flows
5. Foreign-currency financial
-1,932,969.54 78,925.00
statement translation difference
6. Other
After-tax net amount of other
comprehensive incomes attributable to
minority shareholders
VII. Total comprehensive incomes 13,359,999.09 211,129,824.19
Attributable to owners of the
13,359,999.09 211,129,824.19
Company
Attributable to minority
shareholders
VIII. Earnings per share
(I) Basic earnings per share 0.0256 0.3541
(II) Diluted earnings per share 0.0256 0.3541
Where business mergers under the same control occurred in the reporting period, the net profit achieved by the merged parties before
the business mergers was RMB 0.00, with the corresponding amount for the same period of last year being RMB 0.00.
Legal representative: Chen Yugang Person-in-charge of the accounting work: Wang Hangjun
Chief of the accounting division: Shen Xueying
4. Income statement of the Company for the reporting period
Unit: RMB Yuan
Item Jul.-Sept. 2015 Jul.-Sept. 2014
I. Total sales 15,351,042.05 18,602,421.15
Less: cost of sales 3,693,681.50 8,837,692.27
Business taxes and surcharges 1,728,915.06 1,600,941.77
Distribution expenses 243,600.00
Administrative expenses 10,449,066.27 10,660,683.07
Financial costs -468,310.00 -803,912.29
Impairment loss
Add: gain/(loss) from change in fair
value (“-” means loss)
18
Report for the Third Quarter of 2015 of Shenzhen Properties & Resources Development (Group) Ltd.
Gain/(loss) from investment (“-”
587,455.97 208,025,213.37
means loss)
Including: income form investment
587,455.97 2,312,496.74
on associates and joint ventures
II. Business profit (“-” means loss) 291,545.19 206,332,229.70
Add: non-operating income 116,384.20 398,017.77
Including: Gains on disposal of
non-current assets
Less: non-operating expense 3,861.79
Including: Losses on disposal of
3,861.79
non-current assets
III. Total profit (“-” means loss) 407,929.39 206,726,385.68
Less: Income tax expense 132,570.55 42,625,146.44
IV. Net profit (“-” means loss) 275,358.84 164,101,239.24
V. After-tax net amount of other
comprehensive incomes
(I) Other comprehensive incomes that
will not be reclassified into gains and
losses
1. Changes in net liabilities or
assets with a defined benefit plan upon
re-measurement
2. Enjoyable shares in other
comprehensive incomes in investees
that cannot be reclassified into gains
and losses under the equity method
(II) Other comprehensive incomes
that will be reclassified into gains and
losses
1. Enjoyable shares in other
comprehensive incomes in investees
that will be reclassified into gains and
losses under the equity method
2. Gains and losses on fair value
changes of available-for-sale financial
assets
3. Gains and losses on
reclassifying held-to-maturity
investments into available-for-sale
19
Report for the Third Quarter of 2015 of Shenzhen Properties & Resources Development (Group) Ltd.
financial assets
4. Effective hedging gains and
losses on cash flows
5. Foreign-currency financial
statement translation difference
6. Other
VI. Total comprehensive incomes 275,358.84 164,101,239.24
VII. Earnings per share
(I) Basic earnings per share 0.0005 0.2753
(II) Diluted earnings per share 0.0005 0.2753
5. Consolidated income statement for Jan.-Sept. 2015
Unit: RMB Yuan
Item Jan.-Sept. 2015 Jan.-Sept. 2014
I. Operating revenues 636,050,308.12 812,558,050.45
Including: Sales income 636,050,308.12 812,558,050.45
Interest income
Premium income
Handling charge and commission
income
II. Operating costs 579,627,409.40 613,341,249.59
Including: Cost of sales 407,079,845.48 381,853,260.32
Interest expenses
Handling charge and commission
expenses
Surrenders
Net claims paid
Net amount withdrawn for the
insurance contract reserve
Expenditure on policy dividends
Reinsurance premium
Taxes and associate charges 84,688,366.10 152,426,532.16
Selling and distribution expenses 20,236,447.48 10,901,830.81
Administrative expenses 73,176,801.98 74,857,014.55
Financial expenses -5,904,548.71 -8,148,467.29
20
Report for the Third Quarter of 2015 of Shenzhen Properties & Resources Development (Group) Ltd.
Asset impairment loss 350,497.07 1,451,079.04
Add: Gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-”
7,354,998.23 214,286,961.91
means loss)
Including: share of profits in
1,253,865.14 1,028,990.22
associates and joint ventures
Foreign exchange gains (“-” means
loss)
III. Business profit (“-” means loss) 63,777,896.95 413,503,762.77
Add: non-operating income 813,344.67 4,686,154.46
Including: Gains on disposal of
1,892,678.92
non-current assets
Less: non-operating expense 1,146,613.45 441,609.83
Including: Losses on disposal of
428,479.60 62,589.57
non-current assets
IV. Total profit (“-” means loss) 63,444,628.17 417,748,307.40
Less: Income tax expense 16,988,827.80 94,622,870.72
V. Net profit (“-” means loss) 46,455,800.37 323,125,436.68
Net profit attributable to owners of
46,455,800.37 323,125,436.68
the Company
Minority shareholders’ income
VI. After-tax net amount of other
-4,883,870.70 526,918.19
comprehensive incomes
After-tax net amount of other
comprehensive incomes attributable to -4,883,870.70 526,918.19
owners of the Company
(I) Other comprehensive incomes
that will not be reclassified into gains and
losses
1. Changes in net liabilities or
assets with a defined benefit plan upon
re-measurement
2. Enjoyable shares in other
comprehensive incomes in investees that
cannot be reclassified into gains and
losses under the equity method
(II) Other comprehensive incomes -4,883,870.70 526,918.19
21
Report for the Third Quarter of 2015 of Shenzhen Properties & Resources Development (Group) Ltd.
that will be reclassified into gains and
losses
1. Enjoyable shares in other
comprehensive incomes in investees that
will be reclassified into gains and losses
under the equity method
2. Gains and losses on fair
value changes of available-for-sale -2,933,175.45
financial assets
3. Gains and losses on
reclassifying held-to-maturity
investments into available-for-sale
financial assets
4. Effective hedging gains and
losses on cash flows
5. Foreign-currency financial
-1,950,695.25 526,918.19
statement translation difference
6. Other
After-tax net amount of other
comprehensive incomes attributable to
minority shareholders
VII. Total comprehensive incomes 41,571,929.67 323,652,354.87
Attributable to owners of the
41,571,929.67 323,652,354.87
Company
Attributable to minority
shareholders
VIII. Earnings per share
(I) Basic earnings per share 0.0779 0.5422
(II) Diluted earnings per share 0.0779 0.5422
Where business mergers under the same control occurred in this period, the net profit achieved by the merged parties before the
business mergers was RMB 0.00, with the corresponding amount for the same period of last year being RMB 0.00.
6. Income statement of the Company for Jan.-Sept. 2015
Unit: RMB Yuan
Item Jan.-Sept. 2015 Jan.-Sept. 2014
I. Total sales 45,203,996.02 50,719,635.15
Less: cost of sales 11,908,834.16 21,843,191.15
Business taxes and surcharges 5,879,016.54 4,972,785.43
22
Report for the Third Quarter of 2015 of Shenzhen Properties & Resources Development (Group) Ltd.
Distribution expenses 243,600.00
Administrative expenses 30,265,006.30 29,630,038.32
Financial costs -2,774,881.44 -3,584,465.85
Impairment loss -616,823.91 -272,589.07
Add: gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-”
7,188,303.69 210,120,106.85
means loss)
Including: income form investment
1,253,865.14 1,028,990.22
on associates and joint ventures
II. Business profit (“-” means loss) 7,487,548.06 208,250,782.02
Add: non-operating income 132,198.65 2,144,531.46
Including: Gains on disposal of
431,742.33
non-current assets
Less: non-operating expense 466,563.12 3,861.79
Including: Losses on disposal of
82,007.63 3,861.79
non-current assets
III. Total profit (“-” means loss) 7,153,183.59 210,391,451.69
Less: Income tax expense 1,506,478.76 42,625,146.44
IV. Net profit (“-” means loss) 5,646,704.83 167,766,305.25
V. After-tax net amount of other
-2,933,175.45
comprehensive incomes
(I) Other comprehensive incomes that
will not be reclassified into gains and
losses
1. Changes in net liabilities or
assets with a defined benefit plan upon
re-measurement
2. Enjoyable shares in other
comprehensive incomes in investees
that cannot be reclassified into gains
and losses under the equity method
(II) Other comprehensive incomes
that will be reclassified into gains and -2,933,175.45
losses
1. Enjoyable shares in other
comprehensive incomes in investees
that will be reclassified into gains and
23
Report for the Third Quarter of 2015 of Shenzhen Properties & Resources Development (Group) Ltd.
losses under the equity method
2. Gains and losses on fair value
changes of available-for-sale financial -2,933,175.45
assets
3. Gains and losses on
reclassifying held-to-maturity
investments into available-for-sale
financial assets
4. Effective hedging gains and
losses on cash flows
5. Foreign-currency financial
statement translation difference
6. Other
VI. Total comprehensive incomes 2,713,529.38 167,766,305.25
VII. Earnings per share
(I) Basic earnings per share 0.0095 0.2815
(II) Diluted earnings per share 0.0095 0.2815
7. Consolidated cash flow statement for Jan.-Sept. 2015
Unit: RMB Yuan
Item Jan.-Sept. 2015 Jan.-Sept. 2014
I. Cash flows from operating activities:
Cash received from sale of
924,011,912.63 848,250,185.13
commodities and rendering of service
Net increase of deposits from
customers and dues from banks
Net increase of loans from the central
bank
Net increase of funds borrowed from
other financial institutions
Cash received from premium of
original insurance contracts
Net cash received from reinsurance
business
Net increase of deposits of policy
holders and investment fund
Net increase of disposal of financial
assets measured at fair value of which
24
Report for the Third Quarter of 2015 of Shenzhen Properties & Resources Development (Group) Ltd.
changes are recorded into current gains
and losses
Cash received from interest, handling
charges and commissions
Net increase of intra-group
borrowings
Net increase of funds in repurchase
business
Tax refunds received
Other cash received relating to
14,557,600.81 13,683,112.18
operating activities
Subtotal of cash inflows from operating
938,569,513.44 861,933,297.31
activities
Cash paid for goods and services 442,715,869.91 427,802,820.07
Net increase of customer lendings
and advances
Net increase of funds deposited in the
central bank and amount due from
banks
Cash for paying claims of the original
insurance contracts
Cash for paying interest, handling
charges and commissions
Cash for paying policy dividends
Cash paid to and for employees 231,422,695.09 207,155,104.66
Various taxes paid 244,719,087.74 257,744,966.31
Other cash payment relating to
59,274,516.20 64,710,527.14
operating activities
Subtotal of cash outflows from
978,132,168.94 957,413,418.18
operating activities
Net cash flows from operating activities -39,562,655.50 -95,480,120.87
II. Cash flows from investing activities:
Cash received from withdrawal of
6,511,297.75
investments
Cash received from return on
580,374.89
investments
Net cash received from disposal of
662,962.00 1,365,975.00
fixed assets, intangible assets and other
25
Report for the Third Quarter of 2015 of Shenzhen Properties & Resources Development (Group) Ltd.
long-term assets
Net cash received from disposal of
237,421,380.00
subsidiaries or other business units
Other cash received relating to
investing activities
Subtotal of cash inflows from investing
7,754,634.64 238,787,355.00
activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 15,775,725.04 4,994,104.68
assets
Cash paid for investment
Net increase of pledged loans
Net cash paid to acquire subsidiaries
and other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from
15,775,725.04 4,994,104.68
investing activities
Net cash flows from investing activities -8,021,090.40 233,793,250.32
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Including: Cash received from
minority shareholder investments by
subsidiaries
Cash received from borrowings 163,353,000.00 366,370,000.00
Cash received from issuance of
bonds
Other cash received relating to
financing activities
Subtotal of cash inflows from financing
163,353,000.00 366,370,000.00
activities
Repayment of borrowings 105,000,000.00 331,616,666.64
Cash paid for interest expenses and
140,613,914.10 167,654,368.92
distribution of dividends or profit
Including: dividends or profit paid
by subsidiaries to minority shareholders
26
Report for the Third Quarter of 2015 of Shenzhen Properties & Resources Development (Group) Ltd.
Other cash payments relating to
104,500.00 2,424,000.00
financing activities
Sub-total of cash outflows from
245,718,414.10 501,695,035.56
financing activities
Net cash flows from financing activities -82,365,414.10 -135,325,035.56
IV. Effect of foreign exchange rate
1,680,592.72 -22,719.68
changes on cash and cash equivalents
V. Net increase in cash and cash
-128,268,567.28 2,965,374.21
equivalents
Add: Opening balance of cash and
808,963,376.68 977,171,814.20
cash equivalents
VI. Closing balance of cash and cash
680,694,809.40 980,137,188.41
equivalents
8. Cash flow statement of the Company for Jan.-Sept. 2015
Unit: RMB Yuan
Item Jan.-Sept. 2015 Jan.-Sept. 2014
I. Cash flows from operating activities:
Cash received from sale of
44,852,046.57 41,333,162.34
commodities and rendering of service
Tax refunds received
Other cash received relating to
378,010,218.07 523,345,890.17
operating activities
Subtotal of cash inflows from operating
422,862,264.64 564,679,052.51
activities
Cash paid for goods and services 75,997,047.38 28,256,540.32
Cash paid to and for employees 14,484,460.92 17,341,692.11
Various taxes paid 56,918,825.92 6,834,481.98
Other cash payment relating to
360,182,216.54 968,821,035.98
operating activities
Subtotal of cash outflows from
507,582,550.76 1,021,253,750.39
operating activities
Net cash flows from operating activities -84,720,286.12 -456,574,697.88
II. Cash flows from investing activities:
Cash received from withdrawal of
6,511,297.75 280,000,000.00
investments
Cash received from return on 580,374.89 4,009,800.00
27
Report for the Third Quarter of 2015 of Shenzhen Properties & Resources Development (Group) Ltd.
investments
Net cash received from disposal of
fixed assets, intangible assets and other 4,980.00 2,200.00
long-term assets
Net cash received from disposal of
237,421,380.00
subsidiaries or other business units
Other cash received relating to
investing activities
Subtotal of cash inflows from investing
7,096,652.64 521,433,380.00
activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 54,770.00 660,565.00
assets
Cash paid for investment
Net cash paid to acquire subsidiaries
and other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from
54,770.00 660,565.00
investing activities
Net cash flows from investing activities 7,041,882.64 520,772,815.00
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Cash received from borrowings 75,353,000.00 276,370,000.00
Cash received from issuance of
bonds
Other cash received relating to
financing activities
Subtotal of cash inflows from financing
75,353,000.00 276,370,000.00
activities
Repayment of borrowings 240,000,000.00
Cash paid for interest expenses and
145,116,098.15 162,116,848.94
distribution of dividends or profit
Other cash payments relating to
208,000.00
financing activities
Sub-total of cash outflows from 145,116,098.15 402,324,848.94
28
Report for the Third Quarter of 2015 of Shenzhen Properties & Resources Development (Group) Ltd.
financing activities
Net cash flows from financing activities -69,763,098.15 -125,954,848.94
IV. Effect of foreign exchange rate
-217,671.81 -393,186.04
changes on cash and cash equivalents
V. Net increase in cash and cash
-147,659,173.44 -62,149,917.86
equivalents
Add: Opening balance of cash and
338,036,109.52 420,568,966.65
cash equivalents
VI. Closing balance of cash and cash
190,376,936.08 358,419,048.79
equivalents
II. Auditor’s report
Is this report audited?
□ Yes √ No
This report is not audited.
29
首页
微信公众号
证券之星APP
