Stock code: 000018 ，200018 Stock ID : *ST Sino Great Wall ，*ST Sino B Announcement No. 2019-104
Sino Great Wall Co., Ltd.
Summary of the Semi-Annual Report 2019
I. Important notesThe summary is abstract from full-text of summary of the semi-annual report, for more details information ,investors should found in the full-text of summary of the semi-annual report that published on website ofShenzhen Stock Exchange and other website appointed by CSRC.All the directors attended the board meeting for reviewing the Semi-Annual Report. No disagreement was raisedby the directors, supervisors, and senior managements.Non-standard auditor’s opinion
□ Applicable √Not applicable
Preliminary plan for profit distribution to the common shareholders or turning the capital reserve into the sharecapital for the reporting period, which has been reviewed and approved at the board meeting
□ Applicable √Not applicable
The Company has no plan of cash dividends carried out, bonus issued and capitalizing of common reserves either.Preliminary plan for profit distribution to the preference shareholders for the reporting period which has beenreviewed and approved at the board meeting
□ Applicable √Not applicable
II. Basic information about the company
1. Company profile
| Stock ID | *ST Sino Great Wall ，*ST Sino B | Stock code | 000018、200018 | |
| Stock exchange | Shenzhen Stock Exchange | |||
| Contact person and contact manner | Board secretary | Securities affairs Representative | ||
| Name | Yang Chunling | Sun Yu | ||
| Contact address | Sino Great Wall Building, No.3 Jinxiu Street, Economic Technology Development Zone , Beijing | Sino Great Wall Building, No.3 Jinxiu Street, Economic Technology Development Zone , Beijing | ||
| Tel | 010-89045855 | 010-89045855 | ||
| Email. | 1208806865@qq.com | 000018sz@sina.com | ||
2. Major accounting data and financial indicators
Indicate by tick mark whether the Company needs to retroactively restate any of its accounting data.
□ Yes √No
| Reporting period | Same period of last year | YoY+/-（%） | |
| Operating income（RMB） | 256,367,221.67 | 1,586,971,575.24 | -83.85% |
| Net profit attributable to the shareholders of the listed company（RMB） | -1,416,774,391.50 | 143,999,455.72 | -1,083.87% |
| Net profit after deducting of non-recurring gain/loss attributable to the shareholders of listed company（RMB） | -951,716,601.10 | -33,506,685.35 | 2,740.38% |
| Cash flow generated by business operation, net（RMB） | -422,152,026.80 | 1,098,164,365.63 | -138.44% |
| Basic earning per share(RMB/Share) | -0.8343 | 0.0848 | -1,083.84% |
| Diluted gains per share(RMB/Share) | -0.8343 | 0.0848 | -1,083.84% |
| Weighted average ROE(%) | -298.54% | 6.61% | -305.15% |
| As at the end of the reporting period | As at the end of last year | YoY+/-（%） | |
| Gross assets (RMB) | 7,971,610,486.31 | 9,603,455,934.89 | -16.99% |
| Net assets attributable to shareholders of the listed company （RMB） | -1,184,353,287.94 | 235,202,473.51 | -603.55% |
3.Shareholders and shareholding
In Shares
| Total Number of common shareholders at the end of the reporting period | 69,421 | Number of shareholders of preferred stocks of which voting rights recovered in the report period(If any) | 0 | ||||||
| Shareholdings of Top 10 shareholders | |||||||||
| Shareholders | Nature of shareholder | Proportion of shares held（%） | Number of shares held at period -end | Amount of restricted shares held | Number of share pledged/frozen | ||||
| State of share | Amount | ||||||||
| Chen Lue | Domestic Natural person | 34.36% | 583,454,556 | 437,590,917 | Pledge | 583,454,462 | |||
| Freeze | 583,454,556 | ||||||||
| STYLE-SUCCESS LIMITED | Foreign legal person | 5.47% | 92,970,910 | ||||||
| Union Holdings Co., Ltd. | Domestic Non- State-owned legal person | 5.18% | 87,935,921 | ||||||
| He Feiyan | Domestic Natural person | 3.23% | 54,800,458 | Freeze | 54,800,458 | ||||
| Jiutai Fund－Bank of Communications－Jiutai Huitong No.2 specific customer asset management plan | Other | 2.40% | 40,696,772 | ||||||
| Rich Crown Investment Co., Ltd. | Foreign legal person | 1.37% | 23,235,313 | ||||||
| Lei Shizhang | Domestic Natural person | 0.88% | 15,000,000 | ||||||
| Qinghai Heyi Industry | Domestic Non- State-owned | 0.79% | 13,357,084 | Pledge | 13,357,084 | ||||
| Development Co., Ltd. | legal person | |||||
| Huang Huaian | Domestic Natural person | 0.68% | 11,480,000 | |||
| Liu Yong | Domestic Natural person | 0.41% | 7,044,352 | |||
| Explanation on associated relationship among the aforesaid shareholders | The largest shareholder of Mr. Chen Lue and the Fourth largest shareholder of Ms. He Feiyan aforesaid are persons acting in concerted; The controlling shareholder of the above-mentioned third shareholder Shenzhen Union Holdings Co.,Ltd. And Sixth shareholder Rich Crown Investment Co., Ltd.. Is Union Development Group Ltd.; It is unknown whether there is relationship between other shareholders and whether they are persons taking concerted action specified in the Regulations on Disclosure of Information about Change in Shareholding of Shareholders of Listed Companies. | |||||
| Notes to the shareholders involved in financing securities (if any) | Nil | |||||
4. Change of the controlling shareholder or the actual controller
Change of the controlling shareholder in the reporting period
□ Applicable √ Not Applicable
There was no any change of the controlling shareholder of the Company in the reporting period.Change of the actual controller in the reporting period
□ Applicable √ Not applicable
There was no any change of the actual controller of the Company in the reporting period.
5.Number of preference shareholders and shareholdings of top 10 of them
□ Applicable √ Not applicable
No preference shareholders in the reporting period
6.Corporate bonds
Are there any corporate bonds publicly offered and listed on the stock exchange, which were undue before theapproval date of this report or were due but could not be redeemed in full?NoIII. Performance discussion & analysis1．Performance Review for Reporting periodIs the company subject to any disclosure requirements for special industries?YesCivil Engineering ConstructionIn the first half of 2019, due to the escalation of trade tensions and the tightening of credit in major economies, thedifferentiation of major economies in the world has intensified and uncertainty has increased. The world economicsituation is facing downward risks. China's overall economic operation is within a reasonable range, continuingthe overall steady and steady development trend. Although the company is still affected by last year's nationalcapital management policy and the different degrees of loan collection by financial institutions such as loanwithdrawal and loan interruption, the company's operating capital is with difficulty in liquidity, which hastriggered a series of chain reactions of operating difficulties. The company's operating income has been greatlyreduced. The company has overcome many difficulties and actively responded to them. During the reportingperiod, the company actively solved the problem of back pay for some employees and increased the dunning
effort for accounts receivable, for which the initial results have been achieved currently. In the first half of 2019,the company realized operating income of 256 million yuan, with a year-on-year decrease of 83.85%; Operatingprofit was -951 million yuan, with a year-on-year decrease of 5583.63%; Net profit attributable to the parentcompany was -1.417 billion yuan, with a year-on-year decrease of 1083.87%.In terms of engineering construction, the company overcame difficulties and obstacles, rooted in the existingbusiness area and scale, and continued to steadily expand its business. During the reporting period, the companyfaced difficulties both domestically and abroad. In terms of foreign business, the company continues to maintainthe normal operation of existing projects in Cambodia, Russia, Malaysia and Algeria. It actively promotes thesettlement, litigation, accounts receivable recovery and activation of shutdown projects. Meanwhile, it is expectedto sign a high-value business contract in 2019 by making use of the good relationship of existing major customersand tracking the target projects in Southeast Asia. In terms of domestic business, the first and second phases of the"Qinyuanli" real estate project in Chengdu, with a total construction area of about 200,000 square meters, havebeen capped. The Xiangfu District Hospital of Traditional Chinese Medicine in Kaifeng City, Henan Province andthe Anyang Second People's Hospital are under active construction. Other large health projects such as medicalcare and old-age care are also being promoted.The medical and health industry is an important pillar in the company's transformation and development strategy,and the company focuses on developing its own building capacity and brand in medical engineering construction.Through cooperation with relevant professional organizations, proton hospital projects will be actively promotedto be implemented, the scientific and technological content of the company's medical and health sector will beelevated, and the profitability of the medical and health business will be improved.In smart housing sector, it will locate the trend and accurately position it, and comprehensively push forward theimplementation of strategic development goals. In recent years, the Chinese government has successively issuedrelevant policies to vigorously promote the transformation of the construction industry to constructionindustrialization. The company's "Sino Great Wall Smart Housing Co., Ltd." set up in Zhanjiang, Guangdong,produces fabricated supporting products. During the reporting period, due to the financial environment, theproduction line has not yet been established and put into operation. Meanwhile, the company promoted the ruralassembly business and made a preliminary layout in key regions of the country.Faced with the financial difficulties, the company has made concerted efforts from top to bottom to conquer thedifficulties. It has successively carried out a series of reforms and innovations in enterprise management mode,timely investigated and re-elected board members, integrated the senior management team, re-organized thebusiness sectors, defined the responsibility assessment, strengthened the asset preservation, comprehensivelyoptimized control and other measures to effectively stimulate enterprise development potential in adversity.
2.Maters related to financial report
(1) Reason for changes in accounting policies, accounting estimates and accounting methods as compared to thefinancial report for the prior year
□ Applicable √ Not applicable
No such cases in the reporting period.
(2) Reason for retrospective restatement to correct major accounting errors during the reporting period
□ Applicable √ Not applicable
No such cases in the reporting period.
(3) Reason for changes in scope of the consolidated financial statements as compared to the financial report forthe prior year
√ Applicable □Not applicable
(1)Newly established subsidiaries for the current period
(1)Newly established subsidiaries for the current period
| Name | Business plant | Registered | Share-holding ratio（%） | Acquired way |
| address | Directly | Indirectly | |||
| Sino Great Wall Decoration Engineering (Beijing ) Co., Ltd. | Beijing | Beijing | 100 | Establish |
（2）Other reasons for decreasing of subsidiaries in the current period
| Name | Share-holding ratio | Disposition way | The time point at which control is lost | Basis for determining the point of loss of control. | Disposition gains and losses |
| Suzhou Lvbang Woods Technology Co., Ltd. | 100% | Sell | April 26,2019 | Industrial & commercial registration of changes |