Stock Code: 000020 200020 Public Notice No.: 2020-26Short Form of the Stock: SHEN HUAFA-A, SHEN HUAFA- B
Shenzhen Zhongheng Huafa Co., Ltd.
Summary of Semi-Annual Report 2020I. Important NoticeThe summary is abstract from full-text of annual report, for more details of operating results, financial condition and futuredevelopment plan of the Company; investors should found in the full-text of semi-annual report that published on media appointedby CSRC.Objection statement of directors, supervisors and senior executives
| Name | Position | Content and reason |
Risk warning for objection statement of directors, supervisors and senior executivesOther directors attending the Meeting for semi-annual report deliberation except for the followed
| Name of director absent | Title for absent director | Reasons for absent | Attorney |
Prompt of non-standard audit opinion
□ Applicable √ Not applicable
Profit distribution pre-plan of common stock or capitalizing of common reserves pre-plan deliberated by the Board in the reportingperiod
□ Applicable √ Not applicable
The Company has no plan of cash dividends carried out, bonus issued and capitalizing of common reserves either.Profit distribution pre-plan of preferred stock deliberated and approved by the Board in the reporting period
□ Applicable √ Not applicable
II. Basic information of the company
1. Company profile
| Short form of the stock | Shen Huafa A, Shen Huafa B | Stock code | 000020, 200020 | |
| Stock exchange for listing | Shenzhen Stock Exchange | |||
| Person/Way to contact | Secretary of the Board | Rep. of security affairs | ||
| Name | Niu Zhuo | |||
| Office add. | 618, East Tower, Huafa Building, No.411 | |||
| Bldg, Huafa (N) Road, Futian District, Shenzhen | ||
| Tel. | 0755-86360201 | |
| huafainvestor@126.com.cn |
2. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes √No
| Current period | Same period last year | Changes over last year (+,-) | |
| Operating income (RMB) | 300,703,421.38 | 339,190,174.05 | -11.35% |
| Net profit attributable to shareholders of the listed company (RMB) | 3,165,597.55 | 2,580,411.13 | 22.68% |
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (RMB) | 3,167,896.46 | 190,686.95 | 1,561.31% |
| Net cash flow arising from operating activities (RMB) | 21,200,212.24 | 45,194,220.56 | -53.09% |
| Basic earnings per share (RMB/Share) | 0.0112 | 0.0091 | 23.08% |
| Diluted earnings per share (RMB/Share) | 0.0112 | 0.0091 | 23.08% |
| Weighted average ROE | 0.96% | 0.79% | 0.17% |
| Period-end | Period-end of last year | Changes over period-end of last year (+,-) | |
| Total assets (RMB) | 610,602,250.47 | 614,163,899.86 | -0.58% |
| Net assets attributable to shareholder of listed company (RMB) | 332,593,647.44 | 329,428,049.89 | 0.96% |
3. Amount of shareholders of the Company and particulars about shares holding
In Share
| Total common stock shareholders in reporting period-end | 24,154 | Total preference shareholders with voting rights recovered at end of reporting period (if applicable) | 0 | ||||||
| Shares held by top ten shareholders | |||||||||
| Full name of Shareholders | Nature of shareholder | Proportion of shares held | Number of shares held | Amount of restricted shares held | Number of share pledged/frozen | ||||
| State of share | Amount | ||||||||
| Wuhan Zhongheng Group | Domestic non-state-owned legal person | 42.13% | 119,289,894 | 0 | Pledged | 116,100,000 | |||
| Frozen | 119,289,894 | ||||||||
| SEG (HONG KONG) CO., LTD. | Overseas legal person | 5.85% | 16,569,560 | 0 | Pledged | 0 | |||
| Frozen | 0 | ||||||||
| GOOD HOPE | Overseas legal | 3.43% | 9,722,000 | 0 | Pledged | 0 | |||
| CORNER INVESTMENTS LTD. | person | Frozen | 0 | |||
| Changjiang Securities Brokerage (Hong Kong) Co., Ltd. | Overseas legal person | 1.89% | 5,355,249 | 0 | Pledged | 0 |
| Frozen | 0 | |||||
| Guoyuan Securities Brokerage (Hong Kong) Co., Ltd. | Overseas legal person | 1.37% | 3,870,117 | 0 | Pledged | 0 |
| Frozen | 0 | |||||
| Li Zhongqiu | Overseas nature person | 1.00% | 2,830,000 | 0 | Pledged | 0 |
| Frozen | 0 | |||||
| Zhong Jiachao | Domestic nature person | 0.47% | 1,329,602 | 0 | Pledged | 0 |
| Frozen | 0 | |||||
| China Merchants Securities Hong Kong Limited | State-owned legal person | 0.39% | 1,113,288 | 0 | Pledged | 0 |
| Frozen | 0 | |||||
| LI SHERYN ZHAN MING | Overseas nature person | 0.38% | 1,074,000 | 0 | Pledged | 0 |
| Frozen | 0 | |||||
| Li Senzhuang | Domestic nature person | 0.36% | 1,017,773 | 0 | Pledged | 0 |
| Frozen | 0 | |||||
| Explanation on associated relationship among the aforesaid shareholders | Among the top ten shareholders, Li Zhongqiu is the actual controller of Wuhan Zhongheng New Science & Technology Industrial Group Co., Ltd. and is a party acting in concert. The Company neither knew whether there exists associated relationship among the other tradable shareholders, nor they belong to consistent actors that are prescribed in Measures for the Administration of Disclosure of Shareholder Equity Changes of Listed Companies. | |||||
4. Change of controlling shareholder or actual controller
Changes of controlling shareholders in reporting period
□ Applicable √Not applicable
The Company had no changes of controlling shareholders in reporting periodChanges of actual controller in reporting period
□ Applicable √Not applicable
No changes of actual controllers for the Company in reporting period.
5. Total preferred stock shareholders of the Company and shares held by top ten shareholders withpreferred stock held
□ Applicable √ Not applicable
The Company had no shareholders with preferred stock held in the reporting.
6. Corporate bond
Whether the Company has a corporation bonds that issuance publicly and listed on stock exchange and without due on the date whensemi-annual report approved for released or fail to cash in full on due:
No
III. Discussion and analysis of business
1. Introduction of operation in the reporting period
Whether the company needs to comply with the disclosure requirements of the particular industryAfter years of development, the company has gradually formed two main businesses in industry and propertymanagement. Among them, the industrial business mainly includes injection molding, POLYLON (light-weightpackaging materials), and complete machine production and sales of liquid crystal display, property managementbusiness is mainly the lease of its own property.Affected by the outbreak of COVID-19, in the first half of 2020, the company achieved operation revenue of
300.7034 million yuan with a y-o-y declined of 11.35%; operation profit of 3.9651 million yuan, a y-o-y growthof 34.29%; net profit achieved 3.1656 million yuan , a y-o-y growth of 22.68%. The operation revenue fromindustry production has 281.1885 million yuan , a 11.79% down from a year earlier, operation profit has 987300yuan loss, a declined of 158.28% on a y-o-y basis, net profit has 824100 yuan loss with a 150.38% down on ay-o-y basis. In property lease business, operation revenue achieved 18.7013 million yuan in first half of the year, a
6.22% increased over same period last year, operation profit achieved 4.9531 million yuan, a y-o-y growth of
292..85%, the net profit achieved 3.9904 million yuan , a y-o-y growth of 321.94%.
2. Matters relevant to financial report
(1) Particulars about the changes in aspect of accounting policy, estimates and calculation methodcompared with the accounting period of last year
√Applicable □ Not applicable
On 5 July 2017, the Ministry of Finance issued the Notice on Revision and Issuance of Accounting Standards for Business EnterpriseNo.14- Revenue (Cai Kuai [2017] No.22), enterprises that are listed both at home and abroad, as well as those listed overseas andprepared their financial statements using IFRS or Accounting Standards for Business Enterprise, shall enter into force as of 1 Jan.2018; other enterprise listed at home shall enter into force as of 1 Jan. 2020; and the non-listed enterprises that implement theAccounting Standards for Business Enterprise shall enter into force as of 1 Jan. 2021. In accordance with the requirements of theabove document, the Company will implement the New Revenue Standards as of 1 Jan. 2020, and will make changes to the relevantaccounting policies in line with the provisions of the New Revenue Standards.
(2) Particulars about retroactive restatement on major correction for accounting errors in reporting period
□ Applicable √ Not applicable
The company had no particulars about retroactive restatement on major correction for accounting errors in the reporting period.
(3) Particulars about the change of consolidation range compared with the accounting period of last year
□ Applicable √ Not applicable
The Company’s consolidation range has no changes in the period.