深华发Ｂ：2017年年度报告（英文版）.PDF
深圳中恒华发股份有限公司 2017 年年度报告全文 1 SHENZHEN ZHONGHENG HUAFA CO.,LTD.ANNUAL REPORT 2017 April 2018深圳中恒华发股份有限公司 2017 年年度报告全文 2 Section I.Important Notice,Contents and Paraphrase Board of Directors,Supervisory Committee,all directors,supervisors and senior executives of Shenzhen Zhongheng HUAFA Co.,Ltd.(hereinafter referred to as the Company)hereby confirm that there are no any fictitious statements,misleading statements,or important omissions carried in this report,and shall take all responsibilities,individual and/or joint,for the reality,accuracy and completion of the whole contents.Li Zhongqiu,Principal of the Company,Yang Bin,person in charger of accounting works and Wu Aijie,person in charge of accounting organ(accounting principal)hereby confirm that the Financial Report of 2017 Annual Report is authentic,accurate and complete.All directors are attended the Board Meeting for report deliberation.Concerning the forward-looking statements with future planning involved in the Report,they do not constitute a substantial commitment for investors.Majority investors are advised to exercise caution of investment risks.Risks factors are being well-described in the Report,found more in risks factors and countermeasures disclosed in Prospects for Future Development of the Board of Directors Report.The Company has no plan of cash dividends carried out,bonus issued and capitalizing of common reserves either.深圳中恒华发股份有限公司 2017 年年度报告全文 3 Contents Section I Important Notice,Contents and Paraphrase .2 Section II Company Profile and Main Finnaical Indexes .5 Section III Summary of Company Business .7 Section IV Discussion and Analysis of Operation.8 Section V Important Events .12 Section VI Changes in shares and particular about shareholders.16 Section VII Preferred Stock.18 Section VIII Particulars about Directors,Supervisors,Senior Executives and Employees.19 Section IX Corporate Governance.20 Section X Corporate Bonds .22 Section XI Financial Report.22 Section XII Documents Available for Reference.85 深圳中恒华发股份有限公司 2017 年年度报告全文 4 Paraphrase Items Refers to Contents Company,Shen HUAFA Refers to SHENZHEN ZHONGHENG HUAFA CO.,LTD.Hengfa Technology Refers to Wuhan Hengfa Technology Co.,Ltd.HUAFA Property Refers to Shenzhen Zhongheng HUAFA Property Co.,Ltd HUAFA Lease Refers to Shenzhen HUAFA Property Lease Management Co.,Ltd HUAFA Trade Refers to Wuhan Zhongheng HUAFA Trade Co.,Ltd.Wuhan Zhongheng Group Refers to Wuhan Zhongheng New Science&Technology Industrial Group Co.,Ltd.HK Yutian Refers to Hong Kong Yutian International Investment Co.,Ltd.Hengsheng Photoelectricity Refers to Wuhan Hengsheng Photoelectricity Industry Co.,Ltd.Hengsheng Yutian Refers to Wuhan Hengsheng Yutian Industrial Co.,Ltd.Yutian Henghua Refers to Shenzhen Yutian Henghua Co.,Ltd.HUAFA Hengtian Refers to Shenzhen HUAFA Hengtian Co.,Ltd.HUAFA Hengtai Refers to Shenzhen HUAFA Hengtai Co.,Ltd.Shenzhen Vanke Refers to Shenzhen Vanke Real Estate Co.,Ltd.Vanke Guangming Refers to Shenzhen Vanke Guangming Real Estate Development Co.,Ltd 深圳中恒华发股份有限公司 2017 年年度报告全文 5 Section II.Company Profile and Main Finnaical Indexes I.Company profile Short form of the stock Shen HUAFA A,Shen HUAFA B Stock code 000020,200020 Short form of the stock after changed(if applicable)N/A Stock exchange for listing Shenzhen Stock Exchange Name of the Company(in Chinese)深圳中恒华发股份有限公司 Short form of the Company(in Chinese)深华发 Foreign name of the Company(if applicable)SHENZHEN ZHONGHENG HUAFA CO.,LTD.Abbr.of the foreign name(if applicable)N/A Legal representative Li Zhongqiu Registrations add.411 Bldg.,Huafa(N)Road,Futian District,Shenzhen Code for registrations add 518031 Offices add.33/F,No.2 Building of Dachong Business Center,Nanshan District,Shenzhen Codes for office add.518057 Companys Internet Web Site http:/ E-mail II.Person/Way to contact Secretary of the Board Rep.of security affairs Name Yang Bin Niu Yuxiang Contact add.33/F,No.2 Building of Dachong Business Center,Nanshan District,Shenzhen 33/F,No.2 Building of Dachong Business Center,Nanshan District,Shenzhen Tel.0755-86360220 0755-86360201 Fax.0755-86360206 0755-86360206 E-mail 深圳中恒华发股份有限公司 2017 年年度报告全文 6 III.Information disclosure and preparation place Newspaper appointed for information disclosure China Securities Journal;Securities Times;Hong Kong Commercial Daily Website for annual report publish appointed by CSRC http:/ Preparation place for annual report Office of the Board of SHENZHEN ZHONGHENG HUAFA CO.,LTD.IV.Registration changes of the Company Organization code Before change:61883037-2;after changed:91440300618830372G Changes of main business since listing(if applicable)Before the change of controlling shareholders:the main business was production and sales of color TV,printed circuit board and injection molded parts etc.After the change of controlling shareholders:the main business gradually adjusted to production and sales of injection molded parts,foam part(light packaging materials)and LCD whole machine.Previous changes for controlling shareholders(if applicable)The Companys predecessor was Shenzhen Huafa Electronic Co.,LTD,which was founded in 1981,initiated and established by three legal persons-Shenzhen Electronics Group Co.,LTD,China Zhenhua Electronic Group Co.,LTD and Hong Kong Luks Industrial Co.,LTD.In June 2005,Wuhan Zhongheng Group transferred the 44.12%equity of company,held by original first and second largest shareholder of the Company Shenzhen Electronics Group Co.,LTD and China Zhenhua Electronic Group Co.,LTD,and equity transfer formalities completed in April 2007;Wuhan Zhongheng Group became the controlling shareholder of the Company.In September 2007,the company officially changed its name to“Shenzhen Zhongheng HUAFA Co.,Ltd”.V.Other relevant information CPA engaged by the Company Name of CPA DAXIN Certified Public Accountants LLP Offices add.for CPA 15/F College International Mansion,No.1 Zhi Chun Road,Haidian District,Beijing Signing Accountants Li Wei,Fan Zhang Sponsor engaged by the Company for performing continuous supervision duties in reporting period Applicable Not applicable Financial consultant engaged by the Company for performing continuous supervision duties in reporting period Applicable Not applicable VI.Main accounting data and financial indexes Whether it has retroactive adjustment or re-statement on previous accounting data Yes No 2017 2016 Changes over last year 2015 深圳中恒华发股份有限公司 2017 年年度报告全文 7 Operating income(RMB)858,040,132.74 619,167,770.74 38.58%499,455,781.11 Net profit attributable to shareholders of the listed company(RMB)974,409.39 5,457,710.33-82.15%-4,200,845.61 Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses(RMB)2,079,588.86 5,109,926.82-59.30%-29,211,107.30 Net cash flow arising from operating activities(RMB)11,723,254.36-18,693,296.58 162.71%173,486,015.99 Basic earnings per share(RMB/Share)0.0034 0.0193-82.38%-0.0148 Diluted earnings per share(RMB/Share)0.0034 0.0193-82.38%-0.0148 Weighted average ROE 0.30%1.72%-1.42%-1.50%End of 2017 End of 2016 Changes over end of last year End of 2015 Total assets(RMB)629,762,731.38 632,475,542.40-0.43%1,154,989,593.34 Net assets attributable to shareholder of listed company(RMB)320,672,978.02 319,698,568.63 0.30%313,937,229.70 VII.Difference of the accounting data under accounting rules in and out of China 1.Difference of the net profit and net assets disclosed in financial report,under both IAS(International Accounting Standards)and Chinese GAAP(Generally Accepted Accounting Principles)Applicable Not applicable The Company had no difference of the net profit or net assets disclosed in financial report,under either IAS(International Accounting Standards)or Chinese GAAP(Generally Accepted Accounting Principles)in the period.2.Difference of the net profit and net assets disclosed in financial report,under both foreign accounting rules and Chinese GAAP(Generally Accepted Accounting Principles)Applicable Not applicable The Company had no difference of the net profit or net assets disclosed in financial report,under either foreign accounting rules or Chinese GAAP(Generally Accepted Accounting Principles)in the period.VIII.Quarterly main financial index In RMB 深圳中恒华发股份有限公司 2017 年年度报告全文 8 1st Q 2nd Q 3rd Q 4th Q Operating income 191,829,256.72 247,650,887.45 232,880,839.08 185,679,149.49 Net profit attributable to shareholders of the listed company 421,173.37 1,725,298.63-1,798,082.55 626,019.94 Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses-36,964.59 1,514,165.88-3,376,198.78 3,978,586.35 Net cash flow arising from operating activities-18,501,959.59-16,895,407.33 19,537,585.01 27,583,036.27 Whether there are significant differences between the above-mentioned financial index or its total number and the relevant financial index disclosed in the companys quarterly report and semi-annual report Yes No IX.Items and amounts of extraordinary profit(gains)/loss Applicable Not applicable In RMB Item 2017 2016 2015 Note Gains/losses from the disposal of non-current asset(including the write-off that accrued for impairment of assets)199,069.56 82,132.08 449,051.44 Governmental subsidy reckoned into current gains/losses(not including the subsidy enjoyed in quota or ration according to national standards,which are closely relevant to enterprises business)1,451,189.68 1,419,888.89 1,691,800.00 Other non-operating income and expenditure except for the aforementioned items 427,054.02-1,209,982.33 690,149.43 Other gain/loss items satisfying the definition of nonrecurring gain/loss account 333,974.06 25,247,171.27 Less:Impact on income tax-672,860.55 278,229.19 3,067,910.45 Total-1,105,179.47 347,783.51 25,010,261.69-Concerning the extraordinary profit(gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public-Extraordinary Profit/loss,and the items defined as recurring profit(gain)/loss according to the lists of extraordinary profit(gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public-Extraordinary Profit/loss,explain reasons Applicable Not applicable In reporting period,the Company has no particular about items defined as recurring profit(gain)/loss according to the lists of extraordinary profit(gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to 深圳中恒华发股份有限公司 2017 年年度报告全文 9 the Public-Extraordinary Profit/loss深圳中恒华发股份有限公司 2017 年年度报告全文 10 Section III.Summary of Company Business I.Main businesses of the company in the reporting period Whether the company needs to comply with the disclosure requirements of the particular industry No After years of development,the company has gradually formed two main businesses in industry and property management.Among them,the industrial business mainly includes injection molding,foam pieces(light-weight packaging materials),and complete machine production and sales of liquid crystal display,property management business is mainly the lease of its own property.II.Major changes in main assets 1.Major changes in main assets Major assets Note of major changes Equity assets No major change Fixed assets No major change Intangible assets No major change Construction in progress No major change 2.Main overseas assets Applicable Not applicable III.Core competitiveness analysis Whether the company needs to comply with the disclosure requirements of the particular industry No 1.All industrial lands of the Company located in Shenzhen were taken into the first batch of plan under 2010 Shenzhen urban upgrade planning.In the future,development and operation of self-owned land resources would become the income source of the Company on a long-term and stable basis.2.The Company has three plants in Wuhan economic technology park with an area of nearly 90,000 square meters where various famous enterprises are located in this area.Benefiting from radiation radius requirements for processing matching services,the Company enjoys superior and stable customer resources and has established a good long-term cooperative relationship;in particular,its injection molding business and polystyrene businesses have been operated for many years with steady management group and abundant production experiences,which makes the Company enjoying high recognition and annual production capacity and scale in the forefront of Central China.深圳中恒华发股份有限公司 2017 年年度报告全文 11 Section IV.Discussion and Analysis of Operation 1.Introduction In 2017,the Chinas economy entered a shifting period of growth,and the traditional industries were undergoing transformation and rebirth while the new economy was growing rapidly.Under the current situation,enterprises have been faced with unprecedented complex challenges and opportunities.From the perspective of the operating status of Chinas home appliance industry,it has been still moving forward under pressure,after years of rapid development,it has entered the stage of low-speed growth and integration improvement with the main features of improved consumption.As an industrial manufacturing enterprise of supporting products and services in the home appliance industry,under the influence of internal and external factors,the company has always been providing high-quality services and high-quality products to its customers,striving to open up the market,accelerating transformation and upgrading,and adapting to changes in the industry and the trend of development.In 2017,the company achieved operating revenue of 858,040,100 Yuan,an increase of 38.58%on a year-on-year basis,and net profits of 974,400 Yuan,decreased slightly compared with the same period last year.Video service business achieved annual operating revenue of 477,934,200 Yuan,an increase of 52.7%over the same period last year.The management team of the video business division strengthened the fine management,and focused on the efficiency promotion and management improvement,fully mobilized resources,and added three series of new products and researches on various new products on the basis of original ones,and deepened the diversified development road of products;in the market,served customer needs,embarked on customer sales model innovation,quickly responded to the customization needs,and formed good market effects,with the product sales covering the domestic,Asia Pacific,Europe,North America and other regions,the multi-channel sales model promoted the steady growth of sales revenue.Under the squeeze of market competition,labor costs and other unfavorable factors,the turnover efficiency has been improved,capital costs have been reduced,and fine management work has been further enhanced.Injection molding business achieved annual operating revenue of 252,361,800 Yuan,an increase of 3.84%over the same period last year.Driven by the leading enterprises of white goods,the injection moldi
