Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2016
SHENZHEN CHIWAN WHARF HOLDINGS LIMITED
THIRD QUARTER REPORT 2016
Date of disclosure: 28 October 2016
Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2016
Section I Important Statements
The board of directors (the “Board”), the board of supervisors (the “Board of Supervisors”) as well
as the directors, supervisors and senior management of Shenzhen Chiwan Wharf Holdings Limited
(the “Company”) hereby guarantee the factuality, accuracy and completeness of the contents of this
Report, and shall be jointly and severally liable for any false representation, misleading statements
or material omissions in this Report.
All the directors attended the board meeting for the review of this Report.
Board Chairman Shi Wei, Chief Financial Officer Zhang Fang and Financial Manager Li Li hereby
guarantee that the financial statements carried in this Report are factual, accurate and complete.
This Report has been prepared in both Chinese and English. Should there be any discrepancies or
misunderstandings between the two versions, the Chinese version shall prevail.
Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2016
Section II Financial Highlights & Shareholder Changes
I Highlights of accounting data and financial indicators
Whether the Company performs any retroactive adjustments to or restatements of its accounting data of last year due to change in
accounting policies or correction of accounting errors
□ Yes √ No
30 September 2016 31 December 2015 +/- (%)
Total assets (RMB) 6,710,692,291.27 6,913,772,876.99 -2.94%
Net assets attributable to shareholders
4,607,138,778.85 4,439,600,537.05 3.77%
of the Company (RMB)
July-September 2016 YoY +/- (%) January-September 2016 YoY +/- (%)
Operating revenues (RMB) 513,538,393.69 0.73% 1,418,348,045.93 2.00%
Net profit attributable to shareholders of
160,704,737.43 -8.45% 427,240,244.40 2.33%
the Company (RMB)
Net profit attributable to shareholders of
the Company excluding exceptional 160,374,471.28 -8.50% 425,090,855.59 1.45%
profit and loss (RMB)
Net cash flows from operating activities
-- -- 573,323,438.12 -11.12%
(RMB)
Basic earnings per share (RMB/share) 0.249 -8.46% 0.663 2.31%
Diluted earnings per share (RMB/share) 0.249 -8.46% 0.663 2.31%
Weighted average return on equity (%) 3.55% -0.59% 9.41% -0.45%
Unit: RMB
Item January-September 2016 Note
Profit/loss on disposal of non-current assets (including offset asset
-396,232.45
impairment provisions)
Government grants charged to the profit/loss for the period (except
for the government grants closely related to the business of the
792,260.53
Company and given at a fixed quota or amount in accordance with
nationally uniform standards)
Non-operating revenue and expense other than the above 2,340,740.57
Less: Corporate income tax 251,258.43
Minority interests (after tax) 336,121.41
Total 2,149,388.81 --
Explanation of why the Company classified an item as exceptional profit/loss according to the definition in the Explanatory
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Profit and Loss,
or reclassified any exceptional profit/loss item given as an example in the said explanatory announcement to recurrent profit/loss
□ Applicable √ Not applicable
Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2016
II Total number of shareholders and shareholdings of top 10 shareholders at the period-end
1. Total number of ordinary shareholders and preference shareholders who had resumed their voting right
& shareholdings of top 10 shareholders at the period-end
Unit: share
Total number of preference
Total number of shareholders at 34,249 shareholders in total, including 23,914 shareholders who had resumed their
the end of the Reporting Period A-share holders and 10,335 B-share holders voting right at the end of the
Reporting Period
Shareholdings of top 10 shareholders (all being non-restricted share holders)
Number of Type of shares Shares
Nature of Percentage of
Name of shareholder non-restricted shares (A, B, H or pledged or
shareholder shareholding
held other) frozen (share)
CHINA NANSHAN DEVELOPMENT State-owned
32.52% 209,687,067 A share
(GROUP) INC. corporation
Ordinary domestic
SHENZHEN MALAI STORAGE CO., LTD. 25.00% 161,190,933 A share
corporation
Foreign
KEEN FIELD ENTERPRISES LIMITED 8.58% 55,314,208 B share
corporation
CMBLSA RE FTIF TEMPLETON ASIAN Foreign
7.43% 47,914,954 B share Unknown
GRW FD GTI 5496 corporation
3,769,399 A share
Domestic
ZHU WUGUANG 0.58% 3,973,723 Unknown
individual
204,324 B share
BBH A/C VANGUARD EMERGING Foreign
0.41% 2,617,518 B share Unknown
MARKETS STOCK INDEX FUND corporation
Foreign
TEMPLETON ASIAN GROWTH FUND 0.39% 2,534,858 B share Unknown
corporation
SHENWAN HONGYUAN SECURITIES Foreign
0.39% 2,486,586 B share Unknown
(HK) LIMITED corporation
CHINA MERCHANTS SECURITIES (HK) State-owned
0.34% 2,214,824 B share Unknown
CO., LTD. corporation
Foreign
NORGES BANK 0.26% 1,660,562 B share Unknown
corporation
China Merchants Port Holdings Company Limited* (CMPort) is a
shareholder of China Nanshan Development (Group) Inc.. (CND
Group). Shenzhen Malai Storage Co., Ltd. (Malai Storage) and Keen
Related or act-in-concert parties among the shareholders above
Field Enterprises Limited are both wholly-funded subsidiaries of
CMPort. Other than that, the Company does not know whether the
other non-restricted shareholders are related parties or not.
* China Merchants Port Holdings Company Limited is formerly known as “China Merchants Holdings (International) Company
Limited” (CMHI). The said name change took place on 10 August 2016.
Did any of the top 10 ordinary shareholders or the top 10 non-restricted ordinary shareholders of the Company conduct any
promissory repo during the Reporting Period?
□ Yea √ No
2. Total number of preference shareholders and shareholdings of the top 10 of them at the period-end
□ Applicable √ Not applicable
Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2016
Section III Significant Events
I Changes in main accounting statement items and financial indicators in the Reporting
Period, as well as reasons for the changes
√ Applicable □ Not applicable
Unit: RMB
30 September 31 December
Item +/- +/- (%) Main reason for change
2016
Monetary funds 458,277,511.84 683,138,123.66 -224,860,611.82 -33% More self-owned funds were used to repay debts
Discounts have not yet been given as to the
Accounts container handling revenue of the period; and
268,506,909.40 189,016,564.86 79,490,344.54 42%
receivable there was a slight increase in the turnover days of
accounts receivable
Other accounts Payment of a second-phase watercourse
36,503,112.16 14,908,748.44 21,594,363.72 145%
receivable occupancy fee (to be returned by the government)
Construction in Building of new plate silos for bulk cargos and
82,575,754.44 22,222,084.78 60,353,669.66 272%
progress berth renewal
Short-term Repayment of short-term borrowings with
- 141,610,178.37 -141,610,178.37 -100%
borrowings self-owned funds
The “13 Chiwan 01” Corporate Bond was
Non-current
redeemed ahead of maturity, so the bonds payable
liabilities due 504,004,136.75 5,306,254.17 498,697,882.58 9398%
of RMB500 million were reclassified into
within one year
non-current liabilities due within one year
Other current Repayment of some short-term bonds with
150,000,000.00 500,000,000.00 -350,000,000.00 -70%
liabilities self-owned funds
The “13 Chiwan 01” Corporate Bond was
redeemed ahead of maturity, so the bonds payable
Bonds payable - 497,764,383.59 -497,764,383.59 -100%
of RMB500 million were reclassified into
non-current liabilities due within one year
January-Septem January-Septembe
Item +/- +/- (%) Main reason for change
ber 2016 r 2015
Interest cost decreased as the average balance of
Finance costs 21,711,836.73 48,443,583.46 -26,731,746.73 -55% interest-bearing debts and the average loan rate
decreased
Expiration of the income tax preferential policy
Corporate (exemption for first three years and half reduction
79,443,347.70 58,030,462.54 21,412,885.16 37%
income tax for second three years) of subsidiary Dongguan
Chiwan Wharf Company Limited from this year
In the same period of last year, the money
Cash received
advanced for clients as to the Tonggu shipping
from other
8,890,587.84 39,974,117.19 -31,083,529.35 -78% lane was repaid and the first-phase watercourse
operating
occupancy fee was returned, while there were no
activities
such cases in the current period
In the current period, the money advanced for
Cash paid for
clients increased and the second-phase
other operating 62,502,243.86 21,666,665.93 40,835,577.93 188%
watercourse occupancy fee was paid, while there
activities
were no such cases in the same period of last year
Cash received In the current period, dividends from associate
as return on 77,454,161.88 34,386,896.52 43,067,265.36 125% Mawan Wharf were received, while there were no
investments such cases in the same period of last year
Cash received
from issuance 150,000,000.00 800,000,000.00 -650,000,000.00 -81% Decrease in short-term bonds issued
of bonds
Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2016
Repayment of The first phase of corporate bonds of RMB500
745,531,586.99 1,100,000,000.00 -354,468,413.01 -32%
borrowings million was repaid in the same period of last year
Cash paid for
In the same period of last year, controlled
interest
subsidiary Chiwan Container Terminal Co., Ltd.
expenses and
286,096,232.65 464,056,566.07 -177,960,333.42 -38% distributed minority distributed dividends to
distribution of
minority shareholders, while there were no such
dividends or
cases in the same period of last year
profit
II Progress on significant events, as well as the influence and solutions
□ Applicable √ Not applicable
III Commitments of the Company, its shareholders, actual controller, acquirer, directors,
supervisors, senior management or other related parties fulfilled in the Reporting Period or
ongoing at the period-end
√ Applicable □ Not applicable
Time of
Commitm Type of Period of
Commitment Contents making Fulfillment
ent maker commitment commitment