深华发Ｂ：2021年半年度报告（英文版）.PDF

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1、SHENZHEN ZHONGHEN HUAFA CO., LTD. SEMI-ANNUAL REPORT 2021 1 深圳中恒华发股份有限公司深圳中恒华发股份有限公司 SHENZHEN ZHONGHEN HUAFA CO., LTD. SEMI-ANNUAL REPORT 2021 August 2021SHENZHEN ZHONGHEN HUAFA CO., LTD. SEMI-ANNUAL REPORT 2021 2 Section I. Important Notice, Contents and Interpretation Board of Directors, Superviso

2、ry 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 responsib

3、ilities, 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 Chuai Guoxu, person in charge of accounting organ (accounting principal) hereby confirm that the Financial Repo

4、rt of 2021 Semi-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 inve

5、stors 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, bonu

6、s issued and capitalizing of common reserves either. SHENZHEN ZHONGHEN HUAFA CO., LTD. SEMI-ANNUAL REPORT 2021 3 Contents Section I Important Notice, Contents and Interpretation . 2 Section II Company Profile and Main Financial Indexes . 6 Section III Management Discussion and Analysis . 9 Section I

7、V Corporate Governance . 17 Section V Enviornmental and Social Responsibility . 18 Section VI Important Matters . 19 Section VII Changes in shares and particular about shareholders . 33 Section VIII Preferred Stock . 38 Section IX Corporate Bonds . 39 Section X Financial Report . 40 SHENZHEN ZHONGHE

8、N HUAFA CO., LTD. SEMI-ANNUAL REPORT 2021 4 Documents Available for Reference I. Text of the Annual Report caring signature of the Chairman; II. Financial statement carrying the signatures and seals of the person in charge of the Company, principal of the accounting works and person in charge of acc

9、ounting organ; III. All documents of the Company and manuscripts of public notices that disclosed in the China Securities journal, Securities Times and Hong Kong Commercial Daily designated by CSRC in the report period; IV. Article of Association V. Other relevant files. SHENZHEN ZHONGHEN HUAFA CO.,

10、 LTD. SEMI-ANNUAL REPORT 2021 5 Interpretation 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 HU

11、AFA Property Lease Management 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 Photo-electricity Refers to Wuhan Hengsheng Photo-electricity Industry Co., Ltd.

12、 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 C

13、o., Ltd, now renamed as Shenzhen Vanke Development Co., Ltd. Vanke Guangming Refers to Shenzhen Vanke Guangming Real Estate Development Co., Ltd V& T Law Firm Refers to Shenzhen V& T Law Firm Zhongheng Semiconductor (former “Huafa Technology ”) Refers to Shenzhen Zhongheng Semiconductor Co., Ltd. (f

14、ormer “Zhongheng Huafa Technology Co., Ltd”) SHENZHEN ZHONGHEN HUAFA CO., LTD. SEMI-ANNUAL REPORT 2021 6 Section II. Company Profile and Main Financial Indexes I. Company profile Short form of the stock Shen HUAFA A, Shen HUAFA B Stock code 000020, 200020 Stock exchange for listing Shenzhen Stock Ex

15、change 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) (if applicable) 深华发 Foreign name of the Company (if applicable) SHENZHEN ZHONGHENG HUAFA CO., LTD. Legal representative Li Zhongqiu II. Person/Way to contact Secretary of the Board Rep. of security affairs Na

16、me Niu Zhuo Contact add. 618, 6/F, East Tower, Huafa Building, No.411 Building, Huafa (N) Road, Futian District, Shenzhen Tel. 0755-86360201 Fax. 0755-86360201 E-mail III. Others 1. Way of contact Whether registrations address, offices address and codes as well as website and email of the Company ch

17、anged in reporting period or not Applicable Not applicable Registrations address, offices address and codes as well as website and email of the Company has no change in reporting period, found more details in Annual Report 2020. 2. Information disclosure and preparation place Whether information dis

18、closure and preparation place changed in reporting period or not Applicable Not applicable SHENZHEN ZHONGHEN HUAFA CO., LTD. SEMI-ANNUAL REPORT 2021 7 The newspaper appointed for information disclosure, website for semi-annual report publish appointed by CSRC and preparation place for semi-annual re

19、port have no change in reporting period, found more details in Annual Report 2020. VI. Main accounting data and financial indexes Whether it has retroactive adjustment or re-statement on previous accounting data Yes No Current period Same period of last year Changes over last year Operating income(R

20、MB) 391,633,808.55 300,703,421.38 30.24% Net profit attributable to shareholders of the listed company(RMB) 7,023,114.72 3,165,597.55 121.86% Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses(RMB) 7,067,951.02 3,167,896.46 123.11% Net cash f

21、low arising from operating activities(RMB) -21,818,369.59 21,200,212.24 -202.92% Basic earnings per share(RMB/Share) 0.0248 0.0112 121.43% Diluted earnings per share(RMB/Share) 0.0248 0.0112 121.43% Weighted average ROE 2.07% 0.96% 1.11% Current period-end period-end of last year Changes over period

22、-end of last year Total assets(RMB) 673,387,235.69 627,779,621.06 7.26% Net assets attributable to shareholder of listed company(RMB) 343,271,852.01 336,248,737.29 2.09% V. Difference of the accounting data under accounting rules in and out of China 1. Difference of the net profit and net assets dis

23、closed 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 Accountin

24、g 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 h

25、ad 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. SHENZHEN ZHONGHEN HUAFA CO., LTD. SEMI-ANNUAL REPORT 2021 8 VI. Items and amounts of extraordinary profit (g

26、ains)/loss Applicable Not applicable In RMB Item Amount Note Gain/loss of entrusted investment or assets management 149,767.58 Other non-operating income and expenditure except for the aforementioned items -194,603.88 Total -44,836.30 - Concerning the extraordinary profit (gain)/loss defined by Q&A

27、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 Compa

28、nies 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

29、.1 on Information Disclosure for Companies Offering Their Securities to the Public - Extraordinary Profit/lossSHENZHEN ZHONGHEN HUAFA CO., LTD. SEMI-ANNUAL REPORT 2021 9 Section III Management Discussion and Analysis I. Main businesses of the company in the reporting period After years of developmen

30、t, the company has gradually formed two main businesses in industry and property management. Among them, the industrial business mainly includes injection molding, polylon (light-weight packaging materials), and complete machine production and sales of liquid crystal display, property management bus

31、iness is mainly the lease of its own property. In the first half of 2021, the company achieved operating income of 391,633,800 yuan, up 30.24% year on year; Operating profit was 8,552,400 yuan, up 115.69% year on year; Net profit was 7.023,100 yuan, up 121.86% year on year. In the first half of the

32、year, the operating income of industrial production was 366,572,800 yuan, up 30.37% year on year; the operating profit was 887,700 yuan, up 189.91% year on year; and the net profit was 814,400 yuan, up 198.77% year on year. Property leasing business in the first half of the year achieved operating i

33、ncome of 250.61 million yuan, 34.01% more than the same period last year, operating profit of 756.35 million yuan, 52.7% more than the same period last year, net profit of 6.1079 million yuan, 53.06% more than the same period last year. II. Core competitiveness analysis All industrial lands of the C

34、ompany 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. III. Main business analysis See the “I.

35、Main businesses of the company in the reporting period” Change of main financial data on a y-o-y basis In RMB Current period Same period of last year y-o-y changes (+,-) Reasons Operation income 391,633,808.55 300,703,421.38 30.24% Video incomes increased Operation cost 334,484,096.74 263,959,652.63

36、 26.72% Sales expenses 14,094,617.96 9,100,079.39 54.88% After-sales service fee increased Administrative expenses 22,680,307.24 17,082,362.66 32.77% Repair fee increased Financial cost 5,241,702.86 3,484,228.81 50.44% Exchange increased SHENZHEN ZHONGHEN HUAFA CO., LTD. SEMI-ANNUAL REPORT 2021 10 I

37、ncome tax expense 1,590,676.66 837,369.58 89.96% Profit growth R&D investment 3,955,647.50 2,423,425.26 63.23% Increase new products in the Period Net cash flow arising from operation activities -21,818,369.59 21,200,212.24 -202.92% The inventory increased in the Period due to the epidemic in the fi

38、rst half year of last year Net cash flow arising from investment activities -2,316,374.60 -1,338,379.56 -73.07% Investment for fixed assets increased Net cash flow arising from financing activities 23,182,219.89 -34,838,186.71 166.54% Bank loans increased in the period Net increase of cash and cash

39、equivalent -1,355,867.36 -14,832,093.81 -90.86% The inventory and account receivable increased Major changes on profit composition or profit resources in reporting period Applicable Not applicable No major changes on profit composition or profit resources occurred in reporting period Constitution of

40、 operation income In RMB Current period Same period of lat year Increase/decrease y-o-y(+,-) Amount Ratio in operation income Amount Ratio in operation income Total operation income 391,633,808.55 100% 300,703,421.38 100% 30.24% According to industries Display 198,422,034.91 50.67% 163,278,927.45 48

41、.63% 4.21% Plastic injection hardware 106,953,726.74 27.31% 85,278,752.42 28.36% -3.22% Foam parts 22,259,297.79 5.68% 19,908,274.02 6.62% -0.94% Property leasing 25,060,998.64 6.40% 18,701,335.82 6.22% 0.18% Scrap income 38,492,780.64 9.83% 12,121,666.69 4.03% 5.80% Utilities and others 444,969.83

42、0.11% 1,414,464.98 0.47% -0.36% According to products Display 198,422,034.91 50.67% 163,278,927.45 48.63% 4.21% Plastic injection 106,953,726.74 27.31% 85,278,752.42 28.36% -3.22% SHENZHEN ZHONGHEN HUAFA CO., LTD. SEMI-ANNUAL REPORT 2021 11 hardware Foam parts 22,259,297.79 5.68% 19,908,274.02 6.62%

43、 -0.94% Property leasing 25,060,998.64 6.40% 18,701,335.82 6.22% 0.18% Scrap income 38,492,780.64 9.83% 12,121,666.69 4.03% 5.80% Utilities and others 444,969.83 0.11% 1,414,464.98 0.47% -0.36% According to region Hong Kong and Taiwan 95,569,502.38 22.37% 105,186,479.34 34.98% -12.61% Central China

44、203,317,499.60 51.92% 136,683,631.65 45.45% 6.67% East China 87,594,449.15 22.37% 39,318,383.66 13.08% 9.29% South China 5,152,357.42 1.32% 19,514,926.73 6.49% -5.17% The industries, products, or regions accounting for over 10% of the companys operating revenue or operating profit Applicable Not app

45、licable In RMB Operation income Operation cost Gross profit ratio Increase/decrease of operation income y-o-y Increase/decrease of operation cost y-o-y Increase/decrease of gross profit ratio y-o-y According to industries Display 198,422,034.91 182,038,564.14 8.26% 22.00% 19.00% 1.69% Plastic inject

46、ion hardware 106,953,726.74 96,354,708.77 9.91% 25.00% 22.00% 2.25% According to products Display 198,422,034.91 182,038,564.14 8.26% 22.00% 19.00% 1.69% Plastic injection hardware 106,953,726.74 96,354,708.77 9.91% 25.00% 19.00% 2.25% According to region Hong Kong and Taiwan 95,746,383.92 79,562,85

47、9.88 16.90% -8.97% -19.29% 10.62% Central China 207,413,929.85 194,921,928.05 6.02% 67.15% 70.48% -1.84% East China 87,594,449.15 80,998,643.40 7.53% 122.78% 120.08% 1.14% South China 5,152,357.42 6,030,530.61 -17.04% -72.26% 195.58% -106.06% Under circumstances of adjustment in reporting period for

48、 statistic scope of main business data, adjusted main business based on latest one years scope of period-end SHENZHEN ZHONGHEN HUAFA CO., LTD. SEMI-ANNUAL REPORT 2021 12 Applicable Not applicable Reasons for y-o-y relevant data with over 30% changes Applicable Not applicable Item 2021-6-30 2021-1-1

49、Y-o-y changes (+,-) Causes Note receivable 491,683.78 20,240,464.79 -98% Discounting of note receivable increased in the period Receivable financing 5,774,948.69 10,057,385.11 -43% Discounting of note receivable increased in the period Other account receivable 22,540,779.20 4,466,949.96 405% Current

50、 accounts increased Inventory 129,917,660.51 70,166,013.49 85% Inventory has significantly increased from Hengfa Other current assets 741,380.21 4,255,643.19 -83% The input tax to be deducted declined Long-term deferred expenses 623,601.59 77,445.31 705% Contract renewal of SAP Short-term loans 51,0