Report for the First Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
Shenzhen International Enterprise Co., Ltd.
Report for the First Quarter of 2014
Apr. 2014
Report for the First Quarter of 2014 of Shenzhen International Enterprise 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 International Enterprise 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.
Zheng Kanghao, chairman of the Board and the company principal, Chen Xiaohai, chief of the
accounting work, and Xu Xiaoyun, 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 First Quarter of 2014 of Shenzhen International Enterprise 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
Jan.-Mar. 2014 Jan.-Mar. 2013 YoY increase/decrease (%)
Operating revenues (RMB Yuan) 19,087,924.37 7,674,875.64 148.71%
Net profit attributable to shareholders of
-38,325,384.06 -18,963,664.06
the Company (RMB Yuan)
Net profit attributable to shareholders of
the Company after extraordinary gains and -36,183,154.65 -18,944,164.97
losses (RMB Yuan)
Net cash flows from operating activities
-241,465,725.86 -54,479,886.26
(RMB Yuan)
Basic EPS (RMB Yuan/share) -0.17 -0.09
Diluted EPS (RMB Yuan/share) -0.17 -0.09
31 Mar. 2014 31 Dec. 2013 Increase/decrease (%)
Total assets (RMB Yuan) 9,053,896,739.98 7,803,283,696.00 16.03%
Net assets attributable to shareholders of
2,198,483,470.00 2,236,808,854.06
the Company (RMB Yuan)
Items and amounts of extraordinary gains and losses
√Applicable □Inapplicable
Unit: RMB Yuan
Item Amount as of Jan.-Mar. 2014 Note
Gains/losses on the disposal of non-current assets (including the Disposal of the losses of the fixed
-19,611.85
offset part of asset impairment provisions) assets
Mainly were the liquidated da
Other non-operating income and expenses other than the above -3,550,389.74 mages of the deferred engineer
ing payment
Minority interests effects (after tax) -1,427,772.18
Total -2,142,229.41 --
Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in the Explanatory
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
Report for the First Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
II. Total number of shareholders at the period-end and shares held by the top ten
shareholders
Unit: Share
Total number of shareholders at the
18,076
period-end
Shares held by the top ten shareholders
Number of the Pledged or frozen shares
Nature of Shareholding Number of the
Name of shareholder restricted shares Number of
shareholder percentage (%) shares held Status of shares
held shares
MULTI PROFIT
Foreign
ASIA PACIFIC 13.7% 30,264,192 Pledged 30,260,000
corporation
INVESTMENT LTD
SHENZHEN
WONGTEE REAL Domestic
ESTATE non-state-owned 5.07% 11,208,453 Pledged 11,199,175
INVESTMENT corporation
CO., LTD.
SHENZHEN
SPECIAL
ECONOMIC ZONE State-owned
3.96% 8,755,650
DEVELOPMENT corporation
(GROUP) CO.,
LTD.
Foreign natural
Zhong Zhiqiang 3.72% 8,215,594
person
BOCI SECURITIES Foreign
3.05% 6,744,046
LIMITED corporation
WONGTEE INTER
Foreign
NATIONAL GROU 1.84% 4,063,855 Pledged 3,477,750
corporation
P LTD
Appointed
repurchased special
Other 1% 2,200,000
account of Guoyuan
Securities Co., Ltd.
Domestic natural
Chen Shu 0.97% 2,149,327
person
Domestic natural
Zeng Haixing 0.97% 2,148,715
person
Shanghai Wanguo Foreign 0.84% 1,856,818
Report for the First Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
Securities (Hong corporation
Kong)
Shares held by the top ten non-restricted share holders
Type of shares
Name of shareholder Number of non-restricted shares held
Type Number
Domestically
MULTI PROFIT ASIA PACIFIC
30,264,192 listed foreign 30,264,192
INVESTMENT LTD
shares
SHENZHEN WONGTEE REAL RMB ordinary
11,208,453 11,208,453
ESTATE INVESTMENT CO., LTD. share
SHENZHEN SPECIAL ECONOMIC
RMB ordinary
ZONE DEVELOPMENT (GROUP) 8,755,650 8,755,650
share
CO., LTD.
Domestically
Zhong Zhiqiang 8,215,594 listed foreign 8,215,594
shares
Domestically
BOCI SECURITIES LIMITED 6,744,046 listed foreign 6,744,046
shares
Domestically
WONGTEE INTERNATIONAL GR
4,063,855 listed foreign 4,063,855
OUP LTD
shares
Appointed repurchased special account RMB ordinary
2,200,000 2,200,000
of Guoyuan Securities Co., Ltd. share
Domestically
Chen Shu 2,149,327 listed foreign 2,149,327
shares
Domestically
Zeng Haixing 2,148,715 listed foreign 2,148,715
shares
Domestically
Shanghai Wanguo Securities (Hong
1,856,818 listed foreign 1,856,818
Kong)
shares
Inquired by the Company, the chairman of the Board of the Company--Mr. Zheng
Kanghao, Multi Profit Asia Pacific, Shenzhen Wongtee Real Estate Investment Co., Ltd.
Explanation on associated relationship and Wongtee International Group Co., Ltd. were persons acting in concert, which owns the
or persons acting in concert among the stocks of the Company with the total amount of 46,108,011 shares, accounting for 20.87%
above-mentioned shareholders of the total shares of the Company. Zhong Zhiqiang, Chen Shu, Zeng Haixing, Tan
Guanqiang and Zhao Chongyue are persons acting in concert and up to 31 Mar. 2014, they
total held 14,045,873 shares of the B share, which accounted for 6.358% of the share
Report for the First Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
capital of the Company. Other than that, it is unknown whether there were other related
relations or action-in-concert regulated in Administrative Measures for Takeover of Listed
Companies among the above shareholders.
Top 10 Shareholders taking part in
margin financing and securities lending Naught
(if any
Did any shareholder of the Company carry out an agreed buy-back in the reporting period?
□ Yes √ No
Report for the First Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
Section III. Significant Events
I. Major changes of main accounting statement items and financial indicators in the reporting
period, as well as reasons for the changes
Statement item 31 Mar. 2014 31 Dec. 2013 Ratio of change Reasons for change
Monetary
9,357,753.34 Bank borrowings obtained
funds 1,223,167,537.99
As Wongtee Plaza was opened for
Accounts
2,291,658.84 474.99% business, the receivable shop rents,
receivable 13,176,728.55
management charges, etc. increased.
The Company prepaid the shop
Prepayments
33,484,643.00 714,670.23 decoration subsidies.
The construction payment was made as
Accounts
350,937,897.87 -62.28% the construction of Wongtee Plaza was
payable 132,362,166.88
completed.
Borrowings increased for routine
Other payables 571,826,282.57 45.24%
830,520,836.39 operation.
Non-current
liabilities due 93,710,000.00 The Company secured a borrowing
22,000,000.00
within 1 year 183.26% from Western Trust to exchange the
Long-term borrowing from China Zhongtou Trust.
600,000,000.00
borrowings 1,943,000,000.00
Jan.-Mar. 2014 Jan.-Mar. 2013 Ratio of change
The incomes (shop rents, management
Operating
7,674,875.64 148.71% charges, etc.) from Wongtee Plaza
revenues 19,087,924.37
increased.
As Wongtee Plaza was completed,
Financial
13,178,533.62 347.60% capitalization of the relevant financial
expenses 58,987,484.64
expenses stopped.
Net cash flows The construction payment was made as
from operating -54,479,886.26 343.22% the construction of Wongtee Plaza was
-241,465,725.86
activities completed.
Report for the First Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
II. Progress and influence of significant events, as well as the analysis and explanation on
solutions
Index to the relevant announcement
Overview of the significant event Date of disclosure
disclosed on the website
The Company reviewed and approved the http://www.cninfo.com.cn/finalpage/2014-
15 Apr. 2014
Proposal on Planning to Agree Rongfa 03-15/63679421.PDF
Company to Borrow From the Bank and the
Proposal on Planning to Agree Rongfa
Company to Borrow From the Institutions
on the 1st Extraordinary General Meeting of
2014. During the reporting period, Rongfa
Company had signed the relevant contracts
of the loans with Agricultural Bank of China
Co., Ltd. with the total amount of borrowing
of RMB 1.2 billion; and had signed the
http://www.cninfo.com.cn/finalpage/2014-
relevant contracts of the loans with Western 15 Mar. 2014
04-15/63839288.PDF
Trust Co., Ltd. with the total amount of
borrowing of RMB 1.2 billion. Up to the
disclosure date, the Company had received
the account of RMB 0.87 billion from the
Agricultural Bank of China and RMB 1.2
billion from the Western Trust Co., Ltd and
at the same time completed the relevant
work of the borrowings replacement with
the China Zhongtou Trust.
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
Commitment Time of making Period of
Commitment Contents Fulfillment
maker commitment commitment
Commitments made in a share reform
The obligor for
information
disclosure shall
not red
