深基地Ｂ：2017年年度报告（英文版）.PDF
ANNUAL REPORT FOR YEAR 2017 SHENZHEN CHIWAN PETROLEUM SUPPLY BASE CO.,LTD.ANNUAL REPORT FOR YEAR 2017 March 2018 1 ANNUAL REPORT FOR YEAR 2017 PART Important Notice The Board of Directors,the Board of Supervisors,directors,supervisors and senior management guarantee that there are no omissions,misstatement or misleading information in this report.They are responsible,individually and jointly,for the authenticity,accuracy and integrity of the information herein.Mr.Tian Junyan,Chairman of the Board,Ms.Yu Zhongxia,Deputy General Manager&Financial Controller&Board Secretary,and Ms.Sun Yuhui,Financial Manager,guarantee the authenticity and integrity of the financial result in this report.Except the following directors,other directors have attended the Board Meeting in person.Absent Director Post of the Absent Director Reason Authorized Person Zhuge Wenjing Vice Chairman Business Arrangement Shu Qian Yu Xiufeng Independent Director Business Arrangement Chen Weijie This annual report contains prospective descriptions,which does not constitute substantial commitment to investors.Investors are requested to be aware of the risks attached to their investment decisions.Impossible risk has been well-described in this report.Please find details of risks and countermeasures of future development described in Section IX,Part IV.The Company will not distribute cash dividends or bonus shares,neither capitalizing of common reserves for the report period.This report is prepared both in Chinese and English languages,when ambiguity occurs in the two versions,the Chinese version shall prevail.2 ANNUAL REPORT FOR YEAR 2017 Contents PART Important Notice.2 PART II Corporate Information and Accounting Data.6 PART III Business Summary.10 PART IV Business Discussion and Analysis.13 PART V Significant Events.28 PART VI Changes in Capital Stock and Shareholders.40 PART VII Particulars about Preferred Share.46 PART VIII Directors,Supervisors,Senior Management and Staff.47 PART IX Corporate Governance.55 PART X Corporate Bonds.61 PART XI Financial Report(Attachment).64 PART XII Documents Available for Verification.64 3 ANNUAL REPORT FOR YEAR 2017 Definition Terms to be defined Refers to Definition The Company,Chiwan Base Refers to Shenzhen Chiwan Petroleum Supply Base Co.,Ltd.Nanshan Group Refers to China Nanshan Development(Group)Incorporation Blogis Holding Refers to Blogis Holding Co.,Ltd.Shanghai Baowan Refers to Shanghai Baowan International Logistics Co.,Ltd.Guangzhou Baowan Refers to Guangzhou Baowan Logistics Co.,Ltd.Kunshan Baowan Refers to Kunshan Baowan International Logistics Co.,Ltd.Tianjin Baowan Refers to Tianjin Baowan International Logistics Co.,Ltd.Langfang Baowan Refers to Langfang Baowan International Logistics Co.,Ltd.Xindu Baowan Refers to Chengdu Xindu Baowan International Logistics Co.,Ltd.Longquan Baowan Refers to Chengdu Longquan Baowan International Logistics Co.,Ltd.Nanjing Baowan Refers to Nanjing Baowan International Logistics Co.,Ltd.Tianjin Bingang Baowan Refers to Tianjin Bingang Baowan International Logistics Co.,Ltd.Nantong Baowan Refers to Nantong Baowan International Logistics Co.,Ltd.Wuhan Baowan Refers to Baowan Logistics（Wuhan）Co.,Ltd.Yangluo Baowan Refers to Baowan Logistics（Wuhan）Yangluo Co.,Ltd.Shenzhen Baowan Refers to Shenzhen Baowan International Logistics Co.,Ltd.Shanghai Mingjiang Refers to Mingjiang(Shanghai)International Logistics Co.,Ltd.Shenyang Baowan Refers to Shenyang Baowan International Logistics Co.,Ltd.Tianjin Qingwu Baowan Refers to Tianjin Qingwu Baowan International Logistics Co.,Ltd.Feidong Baowan Refers to Baowan Logistics Feidong Co.,Ltd.Xian Baowan Refers to Xian Baowan International Logistics Co.,Ltd.Xianyang Baowan Refers to Xianyang Baowan International Logistics Co.,Ltd.Blogis(Hongkong)Refers to Blogis(Hongkong)Limited Huitong(H.K.)Refers to China Huitong(H.K.)Limited Nanshan Hong Kong Refers to Nanshan Development(Hongkong)Limited Wuxi Baowan Refers to Wuxi Blogis Co.Ltd Zhenjiang Baowan Refers to Zhenjiang Shenjidi Warehouse Co.,Ltd.Changzhou Baowan Refers to Changzhou Baowan Logistics Co.,Ltd.(written off)Jiangyin Baowan Refers to Jiangyin Baowan International Logistics Co.,Ltd.Qingdao Jiaozhou Baowan Refers to Qingdao Jiaozhou Baowan International Logistics Co.,Ltd.Jiaxing Baowan Refers to Jiaxing Baowan Logistics Co.,Ltd.Jiangsu Baowan Refers to Jiangsu Baowan International Logistics Co.,Ltd.Shaoxing Baowan Refers to Shaoxing Baowan Logistics Co.,Ltd.Chongqing Xipeng Baowan Refers to Chongqing Xipeng Baowan International Logistics Co.,Ltd.Ezhou Baowan Refers to Wuhan Baowan Logistics Ezhou Co.,Ltd.Nantong Xitong Baowan Refers to Nantong Xitong Baowan Logistics Co.,Ltd.Jiashan Baowan Refers to Jiashan Baowan Logistics Co.,Ltd.Chengdu Oil and Gas Base Refers to Chengdu Chiwan International Oil and Gas Base Co.,Ltd.Zhengzhou Baohai Refers to Zhengzhou Baohai International Logistics Co.,Ltd.Yuyao Baowan Refers to Yuyao Baowan International Logistics Co.,Ltd 4 ANNUAL REPORT FOR YEAR 2017 Beijing Baowan Refers to Beijing Konggang Baowan Co.,Ltd.Xiaogan Baowan Refers to Xiaogan Baowan Logistics Co.,Ltd.Xinjin Baowan Refers to Chengdu Xinjin Baowan International Logistics Co.,Ltd Sanshui Baowan Refers to Foshan Sanshui Baowan Logistics Co.,Ltd.Nanhai Baowan Refers to Foshan Nanhai Baowan Logistics Co.,Ltd.Deqing Baowan Refers to Deqing Baowan International Logistics Co.,Ltd.Jiaxing Supply Chain Refers to Blogis Supply Chain Management(Jiaxing)Co.,Ltd.Luohuang Baowan Refers to Chongqing Luohuang Baowan International Logistics Co.,Ltd.Ningbo Baowan Refers to Ningbo Baowan International Logistics Co.,Ltd.Jinan Baowan/Jinnan Haier Refers to Tianjin Jinnan Baowan International Logistics Co.,Ltd.(Tianjin Haier Assets Management Ltd.)Dianzhong Baowan Refers to Yunnan Dianzhong Baowan Logistics Co.,Ltd.Hubei Baowan/Huazhong Baowan Refers to Huazhong Baowan Investment Co.,Ltd.(Hubei Baowan Investment Co.,Ltd.)Yuhua Baowan Refers to Changsha Yuhua Baowan Logistics Co.Ltd.Wangcheng Baowan Refers to Changsha Wangcheng Baowan Logistics Co.,Ltd.Wenxuan Baowan Refers to Sichuan Wenxuan Baowan Supply Chains Co.,Ltd.Qingshan Baowan Refers to Wuhan Qingshan Baowan Logistics Co.,Ltd.Zhangzhou Baowan Refers to Zhangzhou Baowan International Logistics Co.,Ltd.Zhangzhou Fumei Refers to Zhangzhou Fumei Supply Chains Management Co.,Ltd.Guanghan Baowan Refers to Sichuan Guanghan Baowan International Logistics Co.,Ltd,Hefei Xinzhan Baowan Refers to Blogis Hefei Xinzhan Co.,Ltd.Guiyang Shuanglong Baowan Refers to Guiyang Shuanglong Baowan Huaye International Logistics Ltd.Wuxi Xinqu Baowan Refers to Blogis Supply Chain Management(Wuxi)Co.,Ltd.Fuzhou Baowan Refers to Fuzhou Baowan International Logistics Ltd.CSE/Sembawang Refers to Shenzhen Chiwan Sembawang Engineering Co.,Ltd CPEC Refers to Shenzhen Chiwan Offshore Petroleum Engineering Co.,Ltd.China Development Finance Refers to China Development Finance Company Limited 5 ANNUAL REPORT FOR YEAR 2017 PART II Corporate Information and Accounting Data I.Company Profile Stock Abbreviation Chiwan Base B Stock Code 200053 Stock Exchange Shenzhen Stock Exchange Companys Name in Chinese 深圳赤湾石油基地股份有限公司 Companys Short Name in Chinese 深基地 B Companys Name in English Shenzhen Chiwan Petroleum Supply Base Co.,Ltd.Companys Short Name in English Chiwan Base Legal Representative Tian Junyan Registered Address Chiwan,Shenzhen Post Code 518068 Office Address 14/F,Chiwan Petroleum Building,Shenzhen Post Code 518068 Website E-mail II.Contact Person and Method Board Secretary Securities Representative Name Yu Zhongxia Li Zizheng Address 14/F,Chiwan Petroleum Building,Shenzhen,PRC 14/F,Chiwan Petroleum Building,Shenzhen,PRC Telephone 0755-26694211 0755-26694211 Fax 0755-26694227 0755-26694227 Email III.Information Disclosure Designated Newspapers for Information Disclosure Securities Times,Hong Kong Commercial Daily Website for Information Disclosure Place Of Regular Reports Prepared For Inquiry Board Secretary Office,SSE 6 ANNUAL REPORT FOR YEAR 2017 IV.Changes in Registration Uniform Social Credit Code 91440300618833899A Change of Main Business since Listed N/A Change of Controlling Shareholder N/A V.Other Information Appointed Certified Public Accountants Name of the CPAs Deloitte Touche Tohmatsu Certified Public Accountants LLP Office Address 30/F,Waitan Center,No.222 Yanan Road East,Shanghai Names of the Certified Public Accountants as the signatories Li Weihua,Liu Chan The sponsor performing persistent supervision duties engaged by the Company in the report period Applicable Inapplicable The financial advisor performing persistent supervision duties engaged by the Company in the report period Applicable Inapplicable VI.Major Accounting Data and Financial Indicators Retroactive adjustment Yes No Unit:RMB Y2017 Y2016 Change(%)Y2015 Operating Revenue(RMB)763,073,957.12 677,791,331.11 12.58%650,279,516.34 Net Profit Attributed to Shareholders of Listed Company(RMB)-55,903,583.71 1,918,066.81-91,644,920.49 Net Profit Net of Non-recurring Gain and Loss Attributed to Listed Company(RMB)-59,902,812.74-1,718,620.58-83,094,036.55 Net Cash Flows from Operating Activities(RMB)380,460,192.67 371,474,731.89 2.42%332,656,351.44 Basic Earnings per Share(RMB/Share)-0.24 0.01-0.4 Diluted Earnings per Share(RMB/Share)-Weighted Return on Equity（%）-3.23%0.11%-3.34%5.31%December 31,2017 December 31,2016 Change(%)December 31,2015 Total Assets(RMB)9,329,053,815.28 7,549,041,526.12 23.58%5,643,956,639.17 Owners Equity Attributed to Shareholders of Listed Company(RMB)1,701,648,761.35 1,756,836,179.91-3.14%1,754,085,176.85 7 ANNUAL REPORT FOR YEAR 2017 VII.Accounting Difference between Chinese General Accepted Accounting Principal (GAAP)and International Financial Reporting Standard(IFRS)1.Simultaneously pursuant to both Chinese accounting standards and international accounting standards disclosed in financial report of differences in net income and net assets.Applicable Inapplicable 2.Differences of net profit and net assets disclosed in financial report prepared under overseas and Chinese accounting standards.Applicable Inapplicable VIII.Main Financial Index by Quarters Unit:RMB First Quarter Second Quarter Third Quarter Fourth Quarter Operating Revenue 170,278,946.93 186,484,951.86 191,916,977.16 214,393,081.17 Net Profit Attributed to Shareholders of Listed Company 82,409.67 10,985,293.80-22,237,089.01-44,734,198.17 Net Profit Net of Non-recurring Gain and Loss Attributed to Listed Company-639,791.07 10,225,189.29-22,941,423.02-46,545,853.05 Net Cash Flows from Operating Activities 62,129,217.52 79,028,526.57 125,363,695.56 113,938,753.02 Any material differences between the financial indicators above or their summations and those which have been disclosed in quarterly or semi-annual reports?Yes No IX.Items of Non-recurring Gains&Losses Applicable Inapplicable Unit:RMB Item Amount in 2017 Amount in 2016 Amount in 2015 Note Disposal of non-current assets,including the part offset with the provision for impairment of assets 1,569,277.37-1,761,326.85-303,073.93 Government grants recognized in current years profit or loss(except for the fixed or quantitative government grants closely related to the enterprise businesses according to the national unified standard)2,721,434.84 5,238,023.20 12,491,552.18 Other non-operating revenue and expenditure excluding the above-mentioned items 2,517,395.82 2,868,136.38-70,881.71 8 ANNUAL REPORT FOR YEAR 2017 Less:Influence on income tax 1,679,298.14 1,594,903.68 2,906,602.66 Amount affected by minority equity(after tax)1,129,580.86 1,113,241.66 660,109.94 Total 3,999,229.03 3,636,687.39 8,550,883.94-For the Companys non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on Information Disclosure for Companies 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 Inapplicable 9 ANNUAL REPORT FOR YEAR 2017 PART III Business Summary I.Main Business of the Company Whether the company needs to comply with the disclosure requirements of particular industry No 1.Main Business(1)The Company provides both oil logistics support services for oil exploration,development and production in the eastern South China Sea and operation services for industrial parks.(2)The Company provides logistics park services for warehousing,distribution,supply chain management,logistics finance,equipment leasing and e-commerce by controlling subsidiaries.(3)The Company provides offshore engineering services for structure design,fabrication and maintenance by associated companies.2.Characteristics of Industry Development(1)Offshore Oil Logistics Business and Industrial Parks After the fully operation of CNOOC Huizhou Base,it has occupied the majority share of offshore oil logistics market operated by CNOOC.Influenced by continued downturn of oil price and fall of oil developing and production,Chiwan Base faces great operation pressure.But meanwhile，with the acceleration of the construction of the National Free Trade Zones,driven by the national strategy of The Belt and Road strategy，and the concept of“Mass entrepreneurship and innovation”continuous deepening,Chiwan Base is rising to a new opportunity for development.New industrial park of“Technological and Cultural Innovation”in Chiwan Park is in layout and planning adjustment.Chengdu Oil Base is still facing challenging by downturn of oil price and marketing.However,it is also facing new development opportunity benefited by state policies of new energy industry and environmental protection.(2)Warehousing Logistics Services In the past over ten years,warehousing logistics services developed from nothing rapidly with the overall domestic economic growth and upgrade of consumption level,as well as the rapid development and promotion of e-commerce.However,overall the supply of modern logistics facilities is still lagging behind the growing demand.At present,although warehousing logistics industry still stabilized for the better development,competition is also intensifying.Warehousing logistics industry has become the hot spot investment field for real estate industry,E-commerce industry and other logistic industry.The representatives as Prologis,Goodman,Alibaba and Vanke are still accelerating their layout.Till now,Blogis takes the leading position in domestic market for operating revenue,operating area etc.10 ANNUAL REPORT FOR YEAR 2017 II.Major Changes for Main Assets 1.Major Changes for Main Assets Major assets Explanation on Significant Changes Intangible Assets Increase of 30%from the open date to end date,mainly due to acquisition of land certificates by part of subsidiaries at preparatory period Con
