Stock code: 200053 Short form: Chiwan Base -B Serial number: 2016-30
SHENZHEN CHIWAN PETROLEUM SUPPLY BASE CO., LTD.
THE ABSTRACT OF ANNUAL REPORT FOR YEAR 2015
1. Important Notice
This abstract of annual report is extracted from the full text of annual report for year 2015 which is published on
www.cninfo.com.cn simultaneously. Investors shall read the full text carefully for the details.
Absent Director Post of the Absent Director Reason Authorized Person
Mr. Mingzhi Mei Director Business Arrangement Wang Shiyun
Mr. Kent Yang Director Business Arrangement Shu Qian
Non-standard Auditor’s Opinion
□ Applicable √ Inapplicable
Preliminary Plan for Profit Distribution to the Common Shareholders or Turning the Capital Reserve into the
Share Capital in the Report Period Reviewed and Approved by the Board Meeting
□ Applicable √ Inapplicable
Preliminary Plan for Profit Distribution to the Preference Shareholders in the Report Period
□ Applicable √ Inapplicable
Company Information
Stock Abbreviation Chiwan Base B Stock Code 200053
Stock Exchange Shenzhen Stock Exchange
Contact Person and Contact Method Board Secretary Securities Representative
Name Song Tao Li Zizheng
14F/ Chiwan Petroleum Building, 14F/ Chiwan Petroleum Building,
Office Address
Shekou, Shenzhen Shekou, Shenzhen
Telephone 0755-26694211 0755-26694211
Fax 0755-26694227 0755-26694227
E-mail Address sa@chiwanbase.com sa@chiwanbase.com
2. Main Business of the Company
Main Business
(1) The Company provides oil logistics support services for oil exploration, development and production in the
eastern South China Sea. Under the effect of sharp decline of international oil price and operation of CNOOC
Huizhou Base, the operating income and profit of offshore oil logistics business fell sharply.
(2) The Company provides logistics park services for warehousing, distribution, supply chain management,
logistics finance, equipment leasing and e-commerce by controlling subsidiaries. By the end of report period,
there was only one logistics park developing e-commerce services.
(3) The Company provides offshore engineering services for structure design, fabrication and maintenance by
associated companies.
1
Characteristics of Industry Development
(1) Offshore Oil Logistics Business
After the fully operation of CNOOC Huizhou Base, it has occupied the majority of market share. The competition
of offshore oil logistics services will become more intensive in 2016. Meanwhile, for the continued downturn of
oil price, Chiwan Base faces great operation pressure. There are also challenges for Chengdu oil and gas base’s
marketing work.
(2) Warehousing Logistics Services
In the past ten years, warehousing logistics services developed rapidly. The demand for modern logistics facilities
still exceeds supply. For now, warehousing logistics services had become the hot spot for both real estate industry
and logistic industry. The representatives as Prologis, Goodman, Alibaba and Vanke have accelerated their layout.
By now, Blogis takes the leading position in domestic market.
3. Major Accounting Data
(1) Major Accounting Data over the Past 3 Years
Y2015 Y2014 Change (%) Y2013
Operating Revenue (RMB) 650,279,516.34 712,958,603.26 -8.79% 691,832,626.47
Net Profit Attributed to Shareholders of 91,644,920.49 218,544,184.50 -58.07% 204,249,571.44
Listed Company (RMB)
Net Profit Net of Non-recurring Gain and 83,094,036.55 220,496,736.41 -62.32% 200,374,681.04
Loss Attributed to Listed Company (RMB)
Net Cash Flows from Operating Activities 332,656,351.44 414,370,760.05 -19.72% 434,087,958.45
(RMB)
Basic Earnings per Share (RMB/Share) 0.40 0.95 -57.89% 0.89
Diluted Earnings per Share (RMB/Share) 0.40 0.95 -57.89% 0.89
Weighted Return on Equity（%） 5.31% 13.84% -8.53% 14.84%
December 31, 2015 December 31, 2014 Change (%) December 31, 2013
Total Assets (RMB) 5,643,956,639.17 5,389,629,871.81 4.72% 4,718,603,625.96
Owner’s Equity Attributed to Shareholders 1,754,085,176.85 1,690,486,032.37 3.76% 1,470,275,398.55
of Listed Company (RMB)
(2) Main Financial Index by Quarters
Unit: RMB
First Quarter Second Quarter Third Quarter Fourth Quarter
Operating Revenue 147,824,556.91 159,294,515.77 170,600,550.00 172,559,893.66
Net Profit Attributed to Shareholders of 22,604,615.62 20,025,317.86 28,165,868.96 20,849,118.05
Listed Company
Net Profit Net of Non-recurring Gain and 21,078,656.96 18,444,962.63 27,854,136.94 15,716,280.02
Loss Attributed to Listed Company
Net Cash Flows from Operating Activities 78,023,735.31 45,910,282.18 108,020,416.02 100,701,917.93
Any material differences between the financial indicators above or their summations and those which have been
disclosed in quarterly or semi-annual reports?
□Yes √No
2
4. Share Capital and Shareholders
(1) Number of the Common Shareholders and the Preference Shareholders with Resumed Voting Rights as
well as the Shareholders of the Top 10 Shareholders
Total Number of
Preference
Total Number of
Total Number of Shareholders with
Total Preference Shareholders
Shareholders One Resumed Voting
Shareholders in 7,070 6,971 with Resumed Voting 0 0
Month before Annual Rights at Previous
Reporting period Rights at Period-end (if
Report Disclosure Month-end of this
any)
Report’s Disclosure
(if any)
Top Ten Common Shareholders
Impawned or
Ratio Total shares Non-tradable Frozen Shares
Name Nature
（％） held shares Status Shares
CHINA NANSHAN DEVELOPMENT
Domestic Legal Person 51.79% 119,420,000 119,420,000 - 0
(GROUP) INCORPORATION
China Logistics Holding (12) PTE.LTD. Foreign Legal Person 19.90% 45,890,000 0 - Unknown
CHINA MECHANTS SECURITIES
State-owned Legal Person 1.46% 3,614,224 0 - Unknown
(HONGKONG) LTD
CREDIT SUISSE (HONG KONG)
Foreign Legal Person 0.81% 2,654,699 0 - Unknown
LIMITED
GUOTAI JUNAN
Foreign Legal Person 0.55% 2,542,041 0 - Unknown
SECURITIES(HONGKONG) LIMITED
GREENWOODS CHINA ALPHA
Foreign Legal Person 0.43% 984,693 0 - Unknown
MASTER FUND
LI WEI Domestic Natural Person 0.36% 600,000 0 - Unknown
SHA SHU LI Domestic Natural Person 0.33% 480,611 0 - Unknown
YU LING FENG Foreign Natural Person 0.30% 458,083 0 - Unknown
PAN BO Domestic Natural Person 0.27% 419,900 0 - Unknown
Among the top ten shareholders, the domestic legal entity
shareholder, China Nanshan Development (Group)
Incorporation has no affiliated relations with other
Explanation for the Affiliated Relations or United Action of the Top shareholders and does not fall into the scope of united
Ten Shareholders action person stipulated by “Regulation of Information
Disclosure of the Change of Shareholding of listed
company”. It is unknown that whether other tradable-share
shareholders fall into the scope of united action person.
（2）Number of the Preference Shareholders and Top Ten Preference Shareholders
□ Applicable √ Inapplicable
（3）Chart of Actual Controller and the Company
3
State-Owned Assets
Supervision and
Administration Commission
of the State Council
100％
China Merchants Group State-Owned State-Owned China National Offshore Oil
Assets Assets Corporation
54.95％ Supervision and Supervision 100％
Administration and
Commission of Administration
China Merchants Holdings Shenzhen Commission of
(International) Company Municipal Guangdong
Limited Government Province
100％ 100％ 100％
China Silverflow Shenzhen Guangdong China China HK Clifford
Merchants Co., Ltd. Investment Petro-Trade National Ocean Wong
(Nanshan) Holdings Development Offshore Oilfields Investment
Holdings Co., Ltd. Corporation Oil Services Co. ,Ltd
Ltd Investment (Hong
Co. ,Ltd Kong)
Limited
(COOS)
0.50% 7.83% 1.64%
36.52% 26.10% 23.49% 3.92%
China Nanshan Development (Group) Incorporation
51.79%
Shenzhen Chiwan Petroleum Supply Base Co. Ltd. Tradable
48.21%
Shareholders
(B Shares)
5. Business Discussion and Analysis
(1) Business Discussion
In 2015, the Company achieved operating revenue of RMB 650 million, decreasing by 8.79% and net profit of
RMB 91.64 million, decreasing by 58.07% compared with last year respectively. The decrease of revenue and net
profit was due to the decrease of business volume of offshore oil logistics services.
Offshore Oil Logistics Business
In 2015, international oil companies adjusted their exploration plan under the circumstance of the continued
downturn of oil price, which caused demand shrink for offshore oil logistics business. Meanwhile, CNOOC
Huizhou Base put into operation, its subsidiaries moved from Chiwan Base to Huizhou Base, which formed
serious challenges for the Company. In 2015, offshore oil logistics business achieved operating revenue of RMB
166 million, decreasing by 51.03% and net profit of RMB 29.29 million, decreasing by 80.13% compared with
last year respectively.
Blogis Business
Main Operating Index of Blogis
4
Unit: RMB million
Revenue Net Profit
Parks Revenue Net Profit Occupation Rate（%）
Growth（%） Growth（%）
Shanghai Baowan 93.29 47.09 100.0 4.41 -12.34
Shanghai Mingjiang 55.63 24.96 100.0 4.20 -6.99
Kunshan Baowan 57.69 28.11 95.6 8.04 12.47
Langfang Baowan 25.92 6.77 88.2 -0.75 -19.24
Tianjin Baowan 57.79 22.55 100.0 4.27 5.76
Xindu Baowan 23.08 7.24 100.0 14.78 24.77
Longquan Baowan 60.75 19.23 98.4 44.44 52.09
Guangzhou Baowan 47.69 15.37 100.0 327.33 1922.37
Shenzhen Baowan 16.99 1.35 82.5 -8.91 -46.76
Nanjing Baowan 23.37 6.11 100.0 N/A N/A
Nantong Baowan 11.80 1.74 83.4 N/A N/A
Wuhan Baowan 10.18 0.29 78.0 N/A N/A
Note: The net profit of above-mentioned subsidiaries excludes interest expenses influence.
Note to the year-on-year change of the relevant data
① Change in net profit of Shanghai Baowan was mainly affected by income tax collection approach. Eliminated
income tax influence, net profit of Shanghai Baowan increased by 8.71% with good profitability.
② Net profit of Langfang Baowan decreased mainly due to achieving non-operating revenue in 2014.
③ Revenue and net profit of Xindu Baowan increased mainly due to growth of distribution business.
④ Revenue and net profit of Longquan Baowan increased mainly due to growth of distribution business and
granting government subsidy.
⑤ Revenue and net profit of Guangzhou Baowan increased mainly due to operation of Plot A in December, 2014.
⑥ Net profit of Shenzhen Baowan decreased mainly due to the decrease of business volume.
Blogis Development for 2015
In 2015, the Company signed Shaoxing project, Nanjing Gaoxin project, Nantong Xitong project, Jiashan project,
Beijng Shunyi project and Hubei Xiaogan project, which increased planned land of 2,000 Mu; got land quota of
818 Mu, which include Chengdu oil and gas base, Chongqing Jiulongpo project, Hefei Feidong project, Jiangyin
project, etc.
Blogis Competition in 2016
The representatives as Prologis, Goodman, Alibaba and Vanke have accelerated their layout of logistics park. The
competition became more and more fierce. There were idle warehouses in some district in 2015 because of the
competition. It is expected to face pressure of rent price and idle warehouses in some district. In 2016, it predicts a
steady rise in warehousing price. But in some district like Tianjin and Langfang, the market competition will
become more intensive because of the supply surge. And the newly operation of Wuxi Baowan, Zhenjiang
Baowan in 2016 will face challenges in marketing work.
Offshore Engineering and other
CSE: The Company holds 32% stake. CSE contributed an investment income of RMB 54.81 million to the
Company in 2015, decreasing by 5.3% compared with last year.
CPEC: The Company holds a 20% stake. CPEC affected investment income of RMB -2.29 million to the
Company.
5
China Development Finance Limited: The Company holds 20% stake. It contributed an investment income of
RMB 6.45 million to the Company in 2015.
Project Construction Development
① Tianjin Bingang Baowan: The project plans to construct two warehouses and is expected to be finished in the
end of 2016.
② Wuxi Baowan: The construction of five warehouses and one multiple-used building is expected to complete
and put into use in April 2016.
③ Zhenjiang Baowan: The construction of nine warehouses and one multiple-used building is expected to
complete and put into use in June 2016
④ Jiaxing Baowan: The construction of two warehouses and one multiple-used building is expected to complete
in the beginning of 2017.
⑤ Qingdao Jiaozhou Baowan: The construction of eight warehouses and one multiple-used building is expected
to complete in the first half year of 2017.
⑥ Chengdu Oil and Gas Base: The construction of one workshop and storage yard is expected to complete in the
end of 2016.
(2) Significant Changes of Main Business
□Yes √No
（3）Situation of Industry Occupying the Company’s Business Income and Operation Profit over 10%
√Applicable □Inapplicable
Unit: RMB
Operating
Operating Cost Gross Profit
Revenue
Change over Rate Change
Operating Gross Profit Change over the Same over the Same
Name Operating Cost
Revenue Rate (%) the Same
Period of Last Period of Last
Period of Last
Year（%） Year（%）
Year（%）
Warehouse and
520,194,029.77 201,719,829.80 61.22% 13.23% 21.86% -2.75%
Storage
(4) Seasonal or Periodic Characteristics in the Operation Performance that Need Special Attention
□Yes √No
(5) Significant YoY Changes in the Operating Revenue, Operating Costs and Net Profit Attributed the
Common Shareholders or Their Composition
√Applicable □Inapplicable
In 2015, the Company achieved operating revenue of RMB 650 million, decreasing by 8.79% and net profit of
RMB 91.64 million, decreasing by 58.07% compared with last year respectively. The decrease of revenue and net
profit was due to the decrease of business volume of offshore oil logistics services. In 2015, international oil
companies adjusted their exploration plan under the circumstance of the continued downturn of oil price, which
caused demand shrink for offshore oil logistics business. Meanwhile, CNOOC Huizhou Base put into operation,
its subsidiaries moved from Chiwan Base to Huizhou Base, which formed serious challenges for the Company.
(6) The Suspension or Termination of Listing
□ Applicable √ Inapplicable
6
6. Related Issues of Financial Report
(1) Adjustment of Accounting Policy, Accounting Estimation and Accounting Method Compared with 2014
Annual Report
□ Applicable √ Inapplicable
(2) Necessary Retrospective Restatement for Significant Correction of Accounting Errors during the
Report Period
□ Applicable √ Inapplicable
(3) Adjustment Illustration of Consolidated Statement Scope Compared with Financial Report for 2014
□ Applicable √ Inapplicable
8 new subjects are combined into consolidated statement as follows:
Jiangsu Baowan International Logistic Co., Ltd., Shaoxing Baowan Logistic Co., Ltd., Chongqing Xipeng
Baowan International Logistic Co., Ltd., Wuhan Baowan Logistic Ezhou Co., Ltd., Nantong Xitong Baowan
Logistic Co., Ltd., Jiashan Baowan Logistic Co., Ltd., Chengdu Chiwan International Oil and Gas Base Co., Ltd.,
Zhengzhou Baohai International Logistic Co., Ltd.
(4) Notes of the Board of Directors, the Board of Supervisors on the Unqualified Auditor’s Report Issued
by CPAs.
□ Applicable √ Inapplicable
Board of Directors
Shenzhen Chiwan Petroleum Supply Base Co., Ltd.
April 26, 2016
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