Sino Great Wall Co., Ltd. The Semi-annual Report 2016
Sino Great Wall Co., Ltd.
The Semi-annual Report 2016
August 2016
Sino Great Wall Co., Ltd. The Semi-annual Report 2016
I. Important Notice, Table of Contents and Definitions
The Board of Directors and the directors, Supervisory Committee and supervisors and Senior Executives of the
Company hereby warrant that at the year , 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 Semi-Annual Report.
The Company has no plan of cash dividends carried out, bonus issued and capitalizing of common reserves either.
Mr.Chen Lve , The Company leader, Mr. Cui Hongli, Chief financial officer and the Mr. Cui Hongli, 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 semi-annual report.
Sino Great Wall Co., Ltd. The Semi-annual Report 2016
Table of Contents
Semi-Annual Report 2016
I.Important Notice, Table of contents and Definitions
II. Basic Information of the Company
III. Summary of Accounting Data and Financial Indicators
IV. Report of the Board of Directors
V. Important Events
VI. Change of share capital and shareholding of Principal Shareholders
VII. Situation of the Preferred Shares
VIII.Information about Directors, Supervisors and Senior Executives
IX. Financial Report
X. Documents available for inspection
Sino Great Wall Co., Ltd. The Semi-annual Report 2016
Definition
Refers
Terms to be defined Definition
to
Refers
Company Law Company Law of the People’s Republic of China
to
Refers
Securities Law Securities Law of the People’s Republic of China
to
Refers
“CSRC” China Securities Regulatory Commission
to
Refers
Company,The Company, Sino Great Wall Sino Great Wall Co., Ltd.
to
Refers
Sino International Sino Great Wall International Engineering Co., Ltd.
to
Refers
BDO BDO China Shu Lun Pan Certified Public Accountants LLP
to
Refers
SZSE Shenzhen Stock Exchange
to
Refers
Reporting period January 1,2016 to June 30,2016
to
Refers
Wuhan Commercial & Vocational Hospital Wuhan Commercial & Vocational Hospital Co.,Ltd
to
Sino Great Wall Co., Ltd. The Semi-annual Report 2016
II. Basic Information of the Company
I.Company Information
Stock abbreviation: Sino Great Wall Sino-B Stock code: 000018 200018
Stock exchange for listing Shenzhen Stock Exchange
Name in Chinese 神州长城股份有限公司
Chinese Abbreviation 神州长城 神州 B
English name (If any) Sino Great Wall Co., Ltd.
English Abbreviation (If any) Sino Great Wall Sino-B
Legal Representative Chen Lve
II. Contact person and contact manner
Board secretary Securities affairs Representative
Name Yang Chunling Liu Guofa
Sino Great Wall Building, No.3 Jinxiu
Sino Great Wall Building, No.3 Jinxiu Street,Economic
Contact address Street,Economic Technology Development Zone ,
Technology Development Zone , Beijing
Beijing
Tel 010-89045855 010-89045855
Fax 010-89045856 010-89045856
E-mail 1208806865@qq.com 000018sz@sina.com
3.Other
(1)Way to contact the Company
Whether registrations address, offices address and codes as well as website and email of the Company changed in
reporting period or not
□ Applicable □√ Not Applicable
The registered address, office address and their postal codes, website address and email address of the Company
did not change during the reporting period. The said information can be found in the 2015 Annual Report.
(2)About information disclosure and where this report is placed
Did any change occur to information disclosure media and where this report is placed during the reporting period?
□ Applicable √ Not applicable
The newspapers designated by the Company for information disclosure, the website designated by CSRC for
disclosing this report and the location where this report is placed did not change during the reporting period. The
said information can be found in the 2015 Annual Report.
(3)Registration changes of the Company
Whether registration has changed in reporting period or not
□ Applicable √ Not applicable
Sino Great Wall Co., Ltd. The Semi-annual Report 2016
Date/place for registration of the Company, registration nmber for enterprise legal license number of taxation
registration and organization code have no change in reporting period, found more details in annual report 2015.
III. Summary of Accounting Data and Financial Indicators
1.Summary of accounting /Financial Data
May the Company make retroactive adjustment or restatement of the accounting data of the previous years due to
change of the accounting policy and correction of accounting errors.
□Yes √No
Reporting period Same period of last year YoY+/-(%)
Operating income(RMB) 1,953,574,755.51 2,081,209,219.16 -6.13%
Net profit attributable to the shareholders
202,299,416.64 165,342,341.12 22.35%
of the listed company(RMB)
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of 175,937,165.15 165,020,064.04 6.62%
listed company(RMB)
Cash flow generated by business operation,
-1,256,615,959.20 -243,795,872.83 415.44%
net(RMB)
Basic earning per share(RMB/Share) 0.12 0.10 20.00%
Diluted gains per
0.12 0.10 20.00%
share(RMB/Share)(RMB/Share)
Weighted average ROE(%) 14.47% 12.84% 1.63%
As at the end of the
As at the end of last year YoY+/-(%)
reporting period
Gross assets (RMB) 5,781,742,089.91 4,017,462,824.63 43.92%
Shareholders’ equity attributable to
1,514,525,228.17 1,282,256,738.74 18.11%
shareholders of the listed company(RMB)
II. Differences between accounting data under domestic and overseas accounting standards
1. Differences of net profit and net assets disclosed in financial reports prepared under international and
Chinese accounting standards.
□ Applicable √Not applicable
No difference.
2. Differences of net profit and net assets disclosed in financial reports prepared under overseas and
Chinese accounting standards.
□ Applicable √Not applicable
No difference .
Sino Great Wall Co., Ltd. The Semi-annual Report 2016
III.Items and amount of non-current gains and losses
√Applicable □Not applicable
In RMB
Items Amount Notes
Except the effective hedge business related to the normal
operation business of the Company, the profit and loss in the
changes of fair values caused by the holding of tradable financial Proceeds from the sales of bank
46,868.49
assets and tradable financial liabilities as well as the investment financial products
returns in disposal of tradable financial assets, tradable financial
liabilities and saleable financial assets
According to the Land Transfer
(Expropriation) Compensation
Agreement of Shenzhen Dapeng
New District People's Hospital
Construction Project, the
Other non-operating income and expenditure except for the compensation shall be made for
26,315,383.00
aforementioned items the expropriation of the land and
on-ground buildings in Kuixin
community which belongs to the
company’s Kuiyong branch
located in Shenzhen Dapeng New
district.
Total 26,362,251.49 --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on
information disclosure for Compaines 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 recorgnized as recurring gain /loss/itesm as defined by the information
disclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.
Sino Great Wall Co., Ltd. The Semi-annual Report 2016
IV. Report of the Board of Directors
I. General
Since 2015, SGW Co., LTD has shorten the interior fitting business in China , extensively developed the ove
rseas EPC projects and investment opportunity, and strengthen the Medical Care and PPP investment. Affected b
y the slowdown in the domestic construction market and so forth factors, the company’s domestic decoration busi
ness had got a slowdown in a certain extent, gross profit margin is low. As for the company's overseas business d
evelopment, , SGW successively signed a major construction contracts in southeast Asia and Africa, other countri
es and regions. SGW signed a memorandum of understanding about Ethiopia medical industrial park with China's
transportation construction Co.,Ltd. International engineering branch. The overseas business has kept good growth
rate, overseas revenue grew by 103.64% year on year, which covers the rate of74.62% of total revenue of SGW
Co., LTD.
For the Medical Care, SGW Co., LTD has acquired Wuhan Commercial & Vocational Hospital Co.,Ltd (here
inafter referred to as \"Wuhan Commercial & Vocational Hospital \") . Moreover, SGW invested the PPP Project of
the first Phase of Lu YI Xian Ren Ming Hospital Removal and Construction Works. SGW Co., Ltd won the bid o
f Guizhou Zhong Shan Liang DU Hong Qiao Third-Grade Class-A Hospital Project. And the medical care invest
ment and PPP project have a very good beginning.
To look forward, based on the analysis to the Construction Market of domestic and Abroad and current state
and future development prospect, SGW Co., Ltd will go on strengthening the EPC Contracting and investment alo
ng the “ One Road, One Belt” Countries, enhance the investment of Medical Care and PPP business to keep the ra
pid growth of current business. Besides, in order to secure the stable growth of domestic business, the Company w
ill actively respond to the Government Policy, Seize the development opportunity , where Chinese Government an
d Social Capital work together, fully develop the PPP investment and construction opportunity. SGW Co. Ltd wi
ll improve its business scope and profitability so as to lay a solid foundation for the everlasting development.
During the reporting period, the company realized the total revenue of RMB 1953.5748 million, a decrease
of 6.13% compared to the same period of last year; realized the operating profits of RMB 213.0631 million, a
decrease of 5.79% compared to the same period of last year; realized the net profits attributable to shareholders of
the listed company of RMB 202.2994 million, an increase of 22.35% compared to the same period of last year.
II. Analysis on principal Business
Year-on-year changes in major financial statistics
In RMB
YOY
This report period Same period last year Cause change
change(%)
Operating income
1,953,574,755.51 2,081,209,219.16 -6.13% 。
Operating cost 1,460,727,131.33 1,690,684,183.21 -13.60%
Sale expenses 9,259,264.24 7,502,905.30 23.41%
Mainly due to the setting-up of overseas
group company and overseas regional
Administrative expenses 112,993,754.29 64,838,318.67 74.27%
companies in the second half year of 2015.
Due to the increase of overseas
Sino Great Wall Co., Ltd. The Semi-annual Report 2016
management personnel in the current
reporting period compared to the previous
period.
Due to the increase of borrowing from
Financial expenses 70,024,674.60 17,908,021.84 291.02%
financial institutions in the current period
Due to the change of income tax rate of the
Income taqx expenses 37,862,759.83 61,167,289.27 -38.10%
company’s subsidiary
R&D investment 64,858,681.88 64,725,606.72 0.21%
Due to the project cash deposit as
collateral and expenditure of advanced
Net cash flows from
-1,256,615,959.20 -243,795,872.83 415.44% payment increased largely as the overseas
operating activities
business increased rapidly in the current
period
Due to the payable of Wuhan Commercial
Net cash flows from
-100,287,677.86 -16,471,509.45 508.86% & Vocational Hospital Co.,Ltd in the
investing activities
current period.
Net cash flows from Due to the borrowing from bank increased
1,383,660,404.96 177,769,654.93 678.34%
financing activities in the current period
Net increase in cash and