Sino Great Wall Co., Ltd. The First Quarterly Report 2018
Stock code: 000018 ，200018 Stock ID : Sino Great Wall ，Sino-B Announcement No. 2018-066
Sino Great Wall Co., Ltd.
The First Quarterly Report 2018
April 2018
Sino Great Wall Co., Ltd. The First Quarterly Report 2018
1 Important Notice
The Board of Directors ,Supervisory Committee, all directors, supervisors and senior executives of the Company
hereby guarantees that there are no misstatement, misleading representation or important omissions in this report
and shall assume joint and several liability for the authenticity, accuracy and completeness of the contents hereof.
All the directors attended the board meeting for reviewing the Quarterly Report.
Mr.Chen Lue, Person in charge of the Company, Mr.Tang Xianyong, Chief financial officer and the Mr. Tang
Xianyong, the person in charge of the accounting department (the person in charge of the accounting )hereby
confirm the authenticity and completeness of the financial report enclosed in this Quarterly Report .
II. Basic information about the company
（1）Main financial data and financial index
Indicate by tick mark whether the Company needs to retroactively restate any of its accounting data.
□ Yes √ No
Changes of this period over
This period Same period of last year same period of last year
（％）
Operating income（Yuan） 923,442,740.92 1,059,865,573.83 -12.87%
Net profit attributable to the shareholders
218,523,628.75 99,029,586.64 120.66%
of the listed company（Yuan）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of 59,559,955.14 99,029,586.64 -39.86%
listed company（Yuan）
Cash flow generated by business operation,
809,676,459.22 -447,147,216.26 281.08%
net（Yuan）
Basic earning per share(Yuan/Share) 0.1287 0.0583 120.75%
Diluted gains per share(Yuan/Share) 0.1287 0.0583 120.75%
Weighted average return on equity（%） 9.69% 5.44% 4.25%
Changes of this period-end
End of this period End of last period over same period-end of last
year(%)
Gross assets（Yuan） 11,806,550,835.12 11,667,845,186.30 1.19%
Sino Great Wall Co., Ltd. The First Quarterly Report 2018
Net assets attributable to the shareholders
2,359,913,659.75 2,151,482,467.52 9.69%
of the listed company（Yuan）
Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RMB
Amount from beginning of
Items the year to the end of the Notes
report period
Income equal to the amount by which investment costs for the
The main reason is the
Company to obtain subsidiaries, associates and joint ventures are
88,485,792.54 acquisition of Acura Kliniken
lower than the Company’s enjoyable fair value of identifiable net
Baden-Baden GmbH Co., Ltd.
assets of investees when making investments
The main reason is the receipt of
Other gains and losses that meet definition of nonrecurring
113,437,382.46 compensation from Hualian
gain/loss
Development Group Co., Ltd.
Less: Amount of influence of income tax 42,959,501.39
Total 158,963,673.61 --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on
information disclosure for Companies Offering their Securities to the Public-Non-recurring Gains and Losses and
its non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on information Disclosure
for Companies offering their securities to the public-non-recurring Gains and losses which have been defined as
recurring gains and losses, it is necessary to explain the reason.
□ Applicable√ Not applicable
None of Non-recurring gain /loss items recognized as recurring gain /loss/items as defined by the information
disclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.
Sino Great Wall Co., Ltd. The First Quarterly Report 2018
II.Total Shareholders and Shares Held by Top Ten Shareholders at the End of the Reporting Period
1. About Total Common Shareholders, Total Preference Shareholders with the Voting Power Recovered and the
Shares Held by Top Ten Common Shareholders
In shares
Total preference shareholders with
Total number of common
67,825 the voting power recovered at the
shareholders at the period-end
end of the reporting period(if any)
Shares held by the top 10 shareholders
Amount of Pledging or freezing
Properties of Share tradable shares
Shareholder name Quantity Status of the
shareholder proportion % with Conditional Quantity
shares
held
Domestic Natural
Chen Lue 34.36% 583,454,556 581,340,196 Pledge 543,576,594
person
STYLE-SUCCES Foreign legal
5.47% 92,970,910
S LIMITED person
Domestic Non-
Union Holdings
State-owned legal 5.18% 87,935,921
Co., Ltd.
person
Domestic Natural
He Feiyan 3.23% 54,800,458 54,800,458
person
Jiutai Fund－
Bank of
Communications
－Jiutai Huitong Other 2.50% 42,479,672 42,479,672
No.2 specific
customer asset
management plan
Bohai
International
Trust Co., Ltd.
－Bohai Other 1.69% 28,708,000
Trust205
Henglifeng
Single fund trust
Rich Crown
Foreign legal
Investment Co., 1.37% 23,235,313
person
Ltd.
Huatai Securities Huatai Securities
1.01% 17,128,720
Co., Ltd. Co., Ltd.
Sino Great Wall Co., Ltd. The First Quarterly Report 2018
Qinghai Heyi
Domestic Non-
Industry
State-owned legal 0.79% 13,357,084 0 Pledge 13,357,000
Development
person
Co., Ltd.
Domestic Natural
Song Wenguang 0.55% 9,278,581
person
Shareholding of top 10 shareholders of unrestricted shares
Quantity of unrestricted shares held at the end of the Share type
Name of the shareholder
reporting period Share type Quantity
Foreign shares
placed in
STYLE-SUCCESS LIMITED 92,970,910 92,970,910
domestic
exchange
RMB Common
Union Holdings Co., Ltd. 87,935,921 87,935,921
shares
Bohai International Trust Co., Ltd.
RMB Common
－Bohai Trust205 Henglifeng 28,708,000 28,708,000
shares
Single fund trust
Foreign shares
placed in
Rich Crown Investment Co., Ltd. 23,235,313 23,235,313
domestic
exchange
RMB Common
Huatai Securities Co., Ltd. 17,128,720 17,128,720
shares
Qinghai Heyi Industry Development RMB Common
13,357,084 13,357,084
Co., Ltd. shares
Foreign shares
placed in
Song Wenguang 9,278,581 9,278,581
domestic
exchange
RMB Common
Cai Yu 9,000,000 9,000,000
shares
RMB Common
Huang Huaian 8,507,000 8,507,000
shares
RMB Common
Zhang Xubao 8,424,300 8,424,300
shares
Mr. Chen Lue and Ms. He Feiyan are the unanimous persons; Union Development Group
Explanation on associated
Co., Ltd..is the controlling shareholder of the Above –mentioned shareholder Union Holdings
relationship or concerted action of
Co., Ltd. And Rich Grown Investment Co., Ltd.. Holding Co., Ltd. and Rich Crown
the above shareholders
Investment Co., Ltd., The other tradable shareholders neither knew whether there exists
Sino Great Wall Co., Ltd. The First Quarterly Report 2018
associated relationship between them.
Note to the top 10 common
stockholders involved in margin
Nil
financing & securities lending (If
any)
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a
buy-back agreement dealing in reporting period.
□ Yes √ No
Mr.Huang Huaian, an unlimited-sales condition shareholder, agreed on the buy-back of 1,493,000 shares-which
accounts for 0.0879%.
2.Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of
the report period
□ Applicable √Not applicable
Sino Great Wall Co., Ltd. The First Quarterly Report 2018
II Significant Events
I. Major changes of main accounting statement items and financial indicators in the reporting period, as
well as reasons for the changes
√ Applicable □ Not applicable
Items This period/Year-end Same period of the Changes (%) Remarks on the change
balance previous
year/Year-beginning
balance
Notes receivable 168,722,253.97 288,201,562.88 -41.46% Mainly result from the maturity of the notes
Main result from the mobilization of a great
Advance Payment 515,501,256.41 225,208,527.88 128.90% number of PPP Projects
Mainly because the projects operation is
Inventory 374,186,902.06 556,839,325.50 -32.80% smooth, and the inventory is turned into cost
Project under Mainly result from the Expense of Purchasing
Construction 8,139,858.34 4,968,590.96 63.83% Overseas Tower cranes
Mainly result from the M&A of Acura
Fixed Asset 319,942,259.74 174,537,150.56 83.31% Kliniken Baden-Baden GmbH
Mainly result from the M&A of Acura
Intangible Asset 176,532,391.78 127,524,445.00 38.43% Kliniken Baden-Baden GmbH
Mainly result from the most Payment of this
Notes Payable 1,325,439,811.58 906,597,988.15 46.20% Period by Notes
Mainly result from the M&A of Acura
Predivted Liability 18,719,986.71 3,414,189.15 448.30% Kliniken Baden-Baden GmbH
Deferred Tax Mainly result from the M&A of Acura
Liability 40,689,117.48 26,088,961.71 55.96% Kliniken Baden-Baden GmbH
Finance Expense 92,188,683.69 49,367,053.47 86.74% Mainly from the Increased Loan from bank
Asset Impairment Mainly result from the Good Payment from
Loss 7,032,450.06 21,815,009.43 -67.76% Client in this Period
Mainly result from the Land Compensation
Non-operatiing 2443115.85 from Hualian and the Added Value of
Revenue 188,488,727.79 7,714.78 % Germany Baden Hospital
Net Cash Flow from Mainly result from the project’s smooth
Operating Activity 809,676,459.22 -447,147,216.26 281.08% operation and good payment from client.
Net Cash flow from -624,966,136.18 182,667,608.55 -442.13% Mainly result from the No. of repayment is
Sino Great Wall Co., Ltd. The First Quarterly Report 2018
Financing Activity more of this Period.
II. The progress of significant events and influence, as well as the analysis and explanation on resolving
proposal.
√ Applicable □ Not applicable
1. October 2015, the company implemented the Plan of Major Asset Replacement and Issuance of Shares to
Purchase the Asset Namely the Related Transaction and Raising the Matching Funds, but the land-that’s located
in Shenzhen Nanshan Nanyou Industrial Zone with the Land No. of T104-0054 and the total area of 20,032.1
square meters- and its above-ground buildings were not included in the evaluation scope of the major asset
restructuring. In order to properly resolve the subsequent issues related to the land in this restructuring, during the
reporting period, the Company-Union Development Group Co., Ltd and Mr. Chen Lue successively signed the
“Framework Agreement on the Subsequent Matters after the Period for the Major Asset Restructuring of
Shenzhen Victor Onward Textile Industrial Co., Ltd.”. The \"Economic Compensation Agreement for Subsequent
Matters after the Period for the Major Asset Restructuring of Shenzhen Victor Onward Textile Industrial Co.,
Ltd.\" and the \"Supplementary Agreement on the Economic Compensation Agreement for Subsequent Matters
after the Period for the Major Asset Restructuring of Shenzhen Victor Onward Textile Industrial Co., Ltd.\", and
fulfilled the necessary review procedures for information disclosure obligations. On March 29, 2018, the
Company received the economic compensation of RMB 100 million from Shenzhen Union Development
Investment Co., Ltd designated by Union Development Group in connection to the above-mentioned matters.
Description of the website for disclosing provisional
Overview of material matters Date of disclosing
announcements
http://www.cninfo.com.cn：Announcement (after correction) on
Voluntary Information Disclosure Concerning Union Development
February 24,2018
Group Co., Ltd Giving Compensation about RMB 100 million
(Announcement No.:2018-029)
http://www.cninfo.com.cn：Announcement of Resolutions of the
Union Development Group Co., Ltd 30th Meeting of the Seventh Board of Directors(Announcement
pays compensation of RMB 100 million No.:2018-36), Announcement on Signing the Economic
March 13,2018
to the company Compensation Agreement and Changes in the Shareholder's
Commitment Namely the Related Transaction(Announcement
No.:2019-038)
http://www.cninfo.com.cn：Announcement of Resolutions of the
March 19,2018 First provisional shareholders of 2018（Announcement
No.:2018-050）
2. On March 15th, 2018, the Baden Court made a ruling that the Bankruptcy Proceedings has ended officially.
And in the reporting Period, the Company will consolidate it into Finance Statement based on its fair value, which
increases the non-operating revenue.
Sino Great Wall Co., Ltd. The First Quarterly Report 2018
III. Commitments finished in implementation by the Company, shareholders, actual controller, acquirer,
directors, supervisors, senior executives or other related parties in the reporting period and commitments
unfinished in implementation at the end of the reporting period
□ Applicable□√ Not applicable
The Company has no commitments completed in Period and those without completed till end of the Period from actual controller,
shareholders, related parties, purchaser and companies.
IV．Prediction of Business performance for January- June 2018
Estimation of accumulative net profit from the beginning of the year to the end of next report period to be loss
probably or the warning of its material change compared with the corresponding period of the last year and
explanation of reason.
□ Applicable□√ Not applicable
V. Investment in securities
□ Applicable √ Not applicable
No securities investment in period.
VI. Investments in derivatives
□ Applicable √ Not applicable
There is no derivative investment during the report period.
VII. The registration form of acceptance of investigation, communication and interview in the report
period for future reference
√Applicable□ Not applicable
Reception time Way of reception Types of visitors Basic index
The interactive relation with the investors on Shenzhen Stock
March 8,2018 Onsite investigation Organization Exchange platform about Sino Great Wall Co., Ltd: Record of
the investors relations activities on March 8, 2018.
VIII. External guarantee get out of line
□ Applicable √Not applicable
The Company has no external guarantee get out of the line in the Period
Sino Great Wall Co., Ltd. The First Quarterly Report 2018
IX. Controlling shareholder and its related parties occupying non-business capital of the listed company
□ Applicable √Not applicable
There are no controlling shareholder and its related parties occupying non-business capital of the listed company
in Period.
Chairman of the board :Chen Lue
Sino Great Wall Co., Ltd.
April 27,2018
