Report for the Third Quarter of 2015 of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
Shenzhen Special Economic Zone Real Estate & Properties
(Group) Co., Ltd.
Report for the Third Quarter of 2015
2015-027
October 2015
Report for the Third Quarter of 2015 of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
Section I. Important Reminders
The Board of Directors, the Supervisory Committee as well as all directors, supervisors and senior management
staff of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd. (hereinafter referred to as
“the Company”) warrant that this report is factual, accurate and complete without any false record, misleading
statement or material omission. And they shall be jointly and severally liable for that.
All directors attended the board session for reviewing this report.
Zhou Jianguo, company principal, Chen Maozheng, GM, Tang Xiaoping, chief of the accounting work, and Qiao
Yanjun, chief of the accounting organ (chief of accounting), hereby confirm that the financial statements enclosed
in this report are factual, accurate and complete.
This report is prepared in both Chinese and English. Should there be any discrepancy between the two versions,
the Chinese version shall prevail.
Report for the Third Quarter of 2015 of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
Section II. Financial Highlights & Change of Shareholders
I. Major accounting data and financial indexes
Does the Company adjust retrospectively or restate accounting data of previous years due to change of the accounting policy or
correction of any accounting error?
□ Yes √ No
30 Sept. 2015 31 Dec. 2014 Increase/decrease (%)
Total assets (RMB Yuan) 4,522,434,063.15 4,375,098,314.05 3.37%
Net assets attributable to
shareholders of the Company 2,261,764,419.08 2,161,537,401.78 4.64%
(RMB Yuan)
YoY increase/decrease YoY increase/decrease
Jul.-Sept. 2015 Jan.-Sept. 2015
(%) (%)
Operating revenues (RMB Yuan) 460,650,552.32 56.28% 1,608,203,326.28 85.31%
Net profit attributable to
shareholders of the Company 47,584,448.58 113.65% 233,992,272.96 310.48%
(RMB Yuan)
Net profit attributable to
shareholders of the Company after
48,001,073.77 121.08% 234,129,230.67 316.92%
extraordinary gains and losses
(RMB Yuan)
Net cash flows from operating
-- -- 803,676,523.78 237.97%
activities (RMB Yuan)
Basic EPS (RMB Yuan/share) 0.0470 113.64% 0.2313 310.83%
Diluted EPS (RMB Yuan/share) 0.0470 113.64% 0.2313 310.83%
Weighted average ROE 2.15% 0.97% 10.58% 7.57%
Items and amounts of extraordinary gains and losses
√ Applicable □ Inapplicable
Unit: RMB Yuan
Item Amount as of Jan.-Sept. 2015 Note
Gains/losses on the disposal of non-current assets (including the
-10,609.22
offset part of asset impairment provisions)
Mainly was the penalty and the
Other non-operating income and expenses other than the above -105,839.09
overdue fine expenditures
Less: Income tax effects 20,509.40
Total -136,957.71 --
Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in the Explanatory
Report for the Third Quarter of 2015 of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Extraordinary Gains and
Losses, or classifies any extraordinary gain/loss item mentioned in the said explanatory announcement as a recurrent gain/loss item
□ Applicable √ Inapplicable
No such cases in the reporting period.
II. Total number of shareholders at the period-end and shareholdings of top 10 shareholders
1. Total number of common shareholders at the period-end and shareholdings of top 10 common
shareholders
Unit: share
Total number of common
82,362
shareholders at the period-end
Shareholdings of top 10 common shareholders
Number of Pledged or frozen shares
Name of Nature of Shareholding Number of shares
restricted shares
shareholder shareholder percentage (%) held Status of shares Number of shares
held
Shenzhen
State-owned legal
Investment 63.55% 642,884,262
person
Holdings Ltd.
Domestic natural
Tang Yidan 0.82% 8,249,055
person
Domestic natural
Lu Zhigao 0.43% 4,372,649
person
Century Domestic
Securities Co., non-state-owned 0.38% 3,822,900
Ltd. legal person
China Securities
Finance State-owned legal
0.34% 3,477,900
Corporation person
Limited
Domestic natural
He Qiao 0.18% 1,849,200
person
ICBE - Southern
Innovation
Economy Domestic
Flexible non-state-owned 0.14% 1,418,200
Configuration legal person
Hybrid Securities
Investment Fund
GUOTAI Foreign 0.12% 1,256,733
Report for the Third Quarter of 2015 of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
JUNAN
SECURITIES(H
corporation
ONGKONG)
LIMITED
Central Huijin
State-owned legal
Investment Co., 0.11% 1,165,500
person
Ltd.
Foreign natural
Wu Haoyuan 0.11% 1,109,300
person
Shareholdings of the top ten non-restricted common shareholders
Number of non-restricted common shares held at the Type of shares
Name of shareholder
period-end Type Number
Shenzhen Investment Holdings Ltd. 642,884,262
Tang Yidan 8,249,055
Lu Zhigao 4,372,649
Century Securities Co., Ltd. 3,822,900
China Securities Finance
3,477,900
Corporation Limited
He Qiao 1,849,200
ICBE - Southern Innovation
Economy Flexible Configuration 1,418,200
Hybrid Securities Investment Fund
GUOTAI JUNAN
SECURITIES(HONGKONG) 1,256,733
LIMITED
Central Huijin Investment Co., Ltd. 1,165,500
Wu Haoyuan 1,109,300
Explanation on associated
relationship or persons acting in
Naught
concert among the above-mentioned
shareholders
Top ten non-restricted common
shareholders taking part in margin Shareholders ranked in No. 2 and No. 6 were the shareholders participated in the securities
financing and securities lending (if margin trading.
any)
Did any of the top 10 common shareholders or the top 10 non-restricted common shareholders of the Company conduct any
promissory repo during the reporting period?
□ Yea √ No
No such cases in the reporting period.
Report for the Third Quarter of 2015 of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
2. Total number of preferred shareholders at the period-end and shareholdings of top 10 preferred
shareholders
□ Applicable √ Inapplicable
Section III. Significant Events
I. Major changes in main accounting statement items and financial indicators in the reporting
period, as well as reasons for the changes
√ Applicable □ Inapplicable
For Jan.-Sept. 2015, the Company achieved operating revenues of RMB 1,608.20 million, up 85.31% when compared with the same
period of last year; operating profits of RMB 316.59 million, soaring 289.00% year on year; total profits of RMB 316.47 million,
representing a year-on-year rise of 283.52%; and net profits attributable to shareholders of the Company of RMB 233.99 million, up
310.48% year on year. These were mainly because the sales of the real estate projects were better than expected and the first to fifth
floors of Wenjin Warehouse were put on a public sale.
Unit: RMB Yuan
Increase/decrease
Item 30 Sept. 2015 31 Dec. 2014 Main reason for the change
(%)
Notes receivable 39,454,446.52 119,846,192.64 -67.08% Some notes became due.
Accounts receivable 150,319,749.21 84,388,842.43 78.13% House mortgages receivable increased.
Prepayments 47,234,423.16 17,821,748.23 165.04% Some materials prepaid for have not yet satisfied
the conditions for carry-over to inventories.
Other current assets 47,462,914.74 12,436,024.40 281.66% Some land VAT was prepaid for.
Long-term deferred 516,639.54 314,159.41 64.45% The office decoration expenses
expense
Notes payable 2,780,000.00 -100.00% Due notes were honored.
Accounts payable 310,286,662.49 541,538,762.36 -42.70% Some construction payables were settled.
Accounts received in 585,975,552.88 144,315,921.34 306.04% Advances from house buyers increased.
advance
Payroll payable 22,640,063.53 38,068,842.03 -40.53% Annual salaries for last year were paid in the current
period.
Dividends payable 131,515,800.00 The interim dividends payable
Non-current liabilities due 212,617,751.52 453,207,700.00 -53.09% Some borrowings were repaid.
within one year
Surplus reserves 42,174,614.67 4,974,391.15 747.83% Statutory surplus reserves were made.
Jan.-Sept. Increase/decrease
Item Jan.-Sept. 2015 Main reason for the change
2014 (%)
Operating revenues 1,608,203,326.28 867,838,901.96 85.31% The real estate sales income that had carried over
Report for the Third Quarter of 2015 of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
increased.
The real estate sales costs that had carried over
Operating costs 1,031,161,819.97 650,464,153.20 58.53%
increased.
Business tax and
163,173,859.22 61,785,122.95 164.10% Operating revenues increased.
surtaxes
Selling expenses 27,783,991.06 20,943,800.69 32.66% The sales agent fees and commissions increased.
Financial expenses The capitalization of interest ceased as the main real
28,827,032.23 13,904,377.36 107.32% estate projects were accomplished and accepted upon
check.
Non-business incomes 721,429.25 1,374,647.24 -47.52% The default income decreased.
Non-business expense 837,877.56 243,681.86 243.84% The fine and delay charge costs increased.
Net cash flows from The cash received from sale of goods and rendering
803,676,523.78 237,793,355.50 237.97%
operating activities of services increased.
Net increase in cash and The net cash flows from operating activities
501,960,707.15 -25,168,772.21 2094.38%
cash equivalents increased.
II. Progress and influence of significant events, as well as the analysis and explanation on
solutions
√ Applicable □ Inapplicable
In 2014, according to the government plan, the land plot ratio of the Land Plot of H312-0061 of Donghu Dijing
Mingyuan Project had reduced from 10.1 to 5.8, and for compensation, the first directly authority under Urban
Planning Land and Resources Commission of Shenzhen Municipality issued a document that to replaced the
covered area of the reduced the Land Plot of H312-0061 of Donghu Dijing Mingyuan Project to the statutory plan
of No. 0.8-22 Land Plot of [Jingtian District] statutory plan.
On 26 Aug. 2015, the Company and Shenzhen Tehao Group Co., Ltd. as the common assignee of land of Jingtian
Project ( ZDNo. B304-0011) signed Land Transfer Contract with the first directly authority under Urban Planning
Land and Resources Commission of Shenzhen Municipality, in line with the principal of equal value replacement,
the Company will obtain 21,085 square meter of apartment unit area as the compensation of Donghu Dijing
Mingyuan Project had reduced 25,313 square meter of covered area, the total price of the land was RMB157.1554
million of which the land of the Company was RMB 4 8.6379 million, transferred by the original land cost of
Donghu Dijing Mingyuan Project,, no need additional supplementary payment.
As of 31 Oct. 2015, the license of constructional engineering of Donghu Dijing Mingyuan Project was under
processing, the preparation of engineering general contracting bidding has been under processing simultaneously.
The design, examination and approval of Jingtian Project has been finished, gained the construction license in
advance of foundation pit and earthwork and has been constructed.
Index to the relevant announcement
Overview of the significant event Date of disclosure
disclosed on the website
The progress of Donghu Dijing Mingyuan
http://www.cninfo.com.cn Text of
Project and land transition of Jingtian 29 Aug. 2015
Semi-annual Report
Project
Report for the Third Quarter of 2015 of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
III. Commitments made by the Company or shareholders holding over 5% of the Company’s
shares in the reporting period or such commitments carried down into the reporting period
□Applicable √ Inapplicable
No such cases in the reporting period.
IV. Predict the 2015 annual operating results
Warnings of possible loss or large-margin change of the accumulated net profit made during the period from the beginning of the
year to the end of the next reporting period compared with the same period of the last year according to prediction, as well as
explanations on the reasons
□Applicable √Inapplicable
V. Securities investment
□Applicable √Inapplicable
The Company was not involved in any securities investment of the reporting period.
VI. Shareholdings in other listed companies
□Applicable √ Inapplicable
The Company was not involved in any shareholding in other listed companies.
VII. Investments in deriva
