Stock Code: 000011, 200011 Stock Name: PRD, PRD-B Announcement No. 2024-33
SHENZHEN PROPERTIES & RESOURCES DEVELOPMENT
(GROUP) LTD.INTERIM REPORT 2024 (SUMMARY)Part I Important NotesThis Summary is based on the full Interim Report of ShenZhen Properties & Resources Development (Group) Ltd. (together with itsconsolidated subsidiaries, the “Company”, except where the context otherwise requires). In order for a full understanding of theCompany’s operating results, financial condition and future development plans, investors should carefully read the aforesaid fullreport, which has been disclosed together with this Summary on the media designated by the China Securities RegulatoryCommission (the “CSRC”).All the Company’s directors have attended the Board meeting for the review of this Report and its summary.Independent auditor’s modified opinion:
□ Applicable ? Not applicable
Board-approved interim cash and/or stock dividend plan for ordinary shareholders:
□ Applicable ? Not applicable
The Company has no interim dividend plan, either in the form of cash or stock.Board-approved interim cash and/or stock dividend plan for preferred shareholders:
□ Applicable ? Not applicable
This Report and its summary have been prepared in both Chinese and English. Should there be any discrepancies ormisunderstandings between the two versions, the Chinese versions shall prevail.Part II Key Corporate Information
1. Stock Profile
| Stock name | PRD, PRD-B | Stock code | 000011, 200011 | |
| Stock exchange for stock listing | Shenzhen Stock Exchange | |||
| Previously used stock names (if any) | N/A | |||
| Contact information | Board Secretary | Securities Representative | ||
| Name | Zhang Gejian | Ding Minghua and Chen Qianying |
| Office address | 20/F, International Trade Center, Renmin South Road, Luohu District, Shenzhen, Guangdong Province, P.R.China | 39/F, International Trade Center, Renmin South Road, Luohu District, Shenzhen, Guangdong Province, P.R.China |
| Tel. | 0755-82211020 | 0755-82211020 |
| E-mail address | 000011touzizhe@szwuye.com.cn | 000011touzizhe@szwuye.com.cn |
2. Key Financial Information
Indicate by tick mark whether there is any retrospectively restated datum in the table below.
□ Yes ? No
| H1 2024 | H1 2023 | Change (%) | |
| Operating revenue (RMB) | 856,028,445.25 | 1,905,464,632.85 | -55.08% |
| Net profit attributable to the listed company’s shareholders (RMB) | 9,212,457.81 | 220,903,444.63 | -95.83% |
| Net profit attributable to the listed company’s shareholders before exceptional gains and losses (RMB) | 9,739,027.97 | 220,844,711.14 | -95.59% |
| Net cash generated from/used in operating activities (RMB) | -736,827,101.44 | -580,021,658.15 | -27.03% |
| Basic earnings per share (RMB/share) | 0.0155 | 0.3707 | -95.82% |
| Diluted earnings per share (RMB/share) | 0.0155 | 0.3707 | -95.82% |
| Weighted average return on equity (%) | 0.20% | 4.92% | -4.72% |
| 30 June 2024 | 31 December 2023 | Change (%) | |
| Total assets (RMB) | 16,658,662,273.55 | 16,988,062,068.09 | -1.94% |
| Equity attributable to the listed company’s shareholders (RMB) | 4,485,266,996.47 | 4,661,810,328.75 | -3.79% |
3. Shareholders and Their Holdings as at the End of the Reporting Period
Unit: share
| Number of ordinary shareholders | 38,242 | Number of preferred shareholders with resumed voting rights (if any) | 0 | ||||
| Top 10 shareholders (exclusive of shares lent in refinancing) | |||||||
| Name of shareholder | Nature of shareholder | Shareholding percentage | Number of shares | Restricted shares | Shares in pledge, marked or frozen | ||
| Status | Shares | ||||||
| Shenzhen Investment Holdings Co., Ltd. | State-owned legal person | 50.87% | 303,144,937 | 1,733,626 | N/A | 0 | |
| Shenzhen State-owned Equity Management Co., Ltd. | Domestic non-state-owned legal person | 6.38% | 38,037,890 | 0 | N/A | 0 | |
| China | State- | 2.77% | 16,491,402 | 0 | N/A | 0 | |
| Orient Asset Management Co., Ltd. | owned legal person | |||||
| Wang Zhong | Domestic natural person | 0.42% | 2,500,000 | 0 | N/A | 0 |
| Industrial and Commercial Bank of China Limited－Southern China Securities Full Index Real Estate Trading Open-ended Index Securities Investment Fund | Other | 0.36% | 2,135,434 | 0 | N/A | 0 |
| Hong Kong Securities Clearing Company Ltd. | Foreign legal person | 0.31% | 1,859,738 | 0 | N/A | 0 |
| Duan Shaoteng | Domestic natural person | 0.30% | 1,760,565 | 0 | N/A | 0 |
| Yang Yaochu | Domestic natural person | 0.29% | 1,728,084 | 0 | N/A | 0 |
| Li Xinyi | Domestic natural person | 0.25% | 1,500,000 | 0 | N/A | 0 |
| Mai Furong | Domestic natural person | 0.21% | 1,248,596 | 0 | N/A | 0 |
| Related or acting-in-concert parties among the shareholders above | The largest shareholder, Shenzhen Investment Holdings Co., Ltd., is the controlling shareholder of the Company and Shenzhen State-owned Equity Management Co., Ltd. And the Company does not know whether there are related parties or acting-in-concert parties among the other shareholders. | |||||
| Shareholders involved in securities margin trading (if any) | At the end of the Reporting Period, among above shareholders, the shareholder Duan Shaoteng held all shares of the Company via his credit securities account. | |||||
5% or greater shareholders, top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing shares lending
□Applicable ? Not applicable
Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares lending/return compared with theprior period
□Applicable ? Not applicable
4. Change of the Controlling Shareholder or the Actual Controller in the Reporting Period
Change of the controlling shareholder in the Reporting Period:
□ Applicable ? Not applicable
The controlling shareholder remained the same in the Reporting Period.Change of the actual controller in the Reporting Period:
□ Applicable ? Not applicable
The actual controller remained the same in the Reporting Period.
5. Number of Preferred Shareholders and Shareholdings of Top 10 of Them
□ Applicable ? Not applicable
No preferred shareholders in the Reporting Period.
6. Outstanding Bonds at the Date when this Report Was Authorized for Issue
□ Applicable ? Not applicable
Part III Significant Events(I) Regarding the Change of Controlling Shareholders’ EquityDuring the Reporting Period, the Company received notification from Shenzhen Investment Holdings Co., Ltd. ("SIHC "), thecontrolling shareholder of the Company, that due to the execution of a court judgment, 1,730,300 restricted shares of the Companyheld by Shenzhen Duty-Free Commodity Enterprises Co., Ltd. had been transferred to the name of SIHC. The number of shares ofthe Company held by SIHC and its concert parties increased from 339,452,527 shares (representing 56.957% of the total sharecapital of the Company) to 341,182,827 shares (representing 57.247% of the total share capital of the Company). For details,please refer to the Announcement on the Change of Controlling Shareholders' Equity (No. 2024-04) disclosed by the Company onCninfo (http://www.cninfo.com.cn).(II) Regarding the provision of guarantees for subsidiary to apply for loans from banksDuring the Reporting Period, to meet the capital needs of the subsidiary Yangzhou Wuhe Real Estate Co., Ltd. (hereinafterreferred to as "Yangzhou Wuhe") for development and construction of Shenyang Digital Town, Yangzhou Wuhe intended to applyfor loans of no more than RMB1 billion from banks and other financial institutions, which will be used for the development,construction and day-to-day operation of Shenyang Digital Town. The Board of Directors agreed that the Company would enterinto guarantee agreements with banks and other financial institutions to provide guarantees of no more than RMB670 million forYangzhou Wuhe to apply for the loans. For detailed progress, please refer to the Announcement on Providing Guarantees for theSubsidiary to Apply for Loans from Banks (Announcement No. 2024-20) and Announcement on Progress of Providing Guaranteesfor the Subsidiary to Apply for Loans from Banks (Announcement No. 2024-30) disclosed by the Company onhttp://www.cninfo.com.cn.(III) Regarding joint stock company's conclusion of the housing expropriation compensation agreement
During the Reporting Period, the Company's joint stock company, Shenzhen Real Estate Jifa Warehousing Co., Ltd., concludedthe Housing Expropriation Compensation Agreement with Shenzhen Yantian District Land Maintenance Affairs Center. For thecompensation amount, please refer to the Real Estate Valuation Report on Housing Expropriation of the Pingyan RailwayRenovation Project (Yantian Section) issued by Guozhonglian Asset Evaluation Land and Real Estate Valuation Co., Ltd. Fordetailed progress, please refer to the Announcement on Joint Stock Company's Conclusion of the Housing ExpropriationAgreement (Announcement No. 2024-25) and Announcement on Progress of Joint Stock Company's Receipt of the HousingExpropriation Compensation (Announcement No. 2024-27) disclosed by the Company on http://www.cninfo.com.cn.(IV) Regarding shareholder's transfer of part of the Company's shares under agreement and equity changeDuring the Reporting Period, the Company received a notice from the controlling shareholder, Shenzhen Investment Holdings Co.,Ltd. (hereinafter referred to as "SIHC"), stating that it concluded a Share Transfer Agreement with China Orient AssetManagement Co., Ltd. (hereinafter referred to as "China Orient") on 28 June 2024, pursuant to which it intends to transfer itsunrestricted outstanding shares (29,799,000 shares) in the Company and all shareholder equities arising from them to China Orient,which account for 5.00% of the Company's total share capital. After the transfer, SIHC will hold 273,345,937 shares in theCompany, accounting for 45.87% of the Company's total share capital, and China Orient will hold 46,290,402 shares in theCompany, accounting for 7.77% of the Company's total share capital. This equity change does not cause changes in the Company'scontrolling interest. For details, please refer to the Suggestive Announcement on Shareholder's Transfer of Part of the Company'sShares under Agreement and Equity Change (Announcement No. 2024-28) disclosed by the Company onhttp://www.cninfo.com.cn.