深物业B：XXXX年第一季度报告全文(英文版) XXXX-04-30.pdf

《深物业B：XXXX年第一季度报告全文(英文版) XXXX-04-30.pdf》由会员分享，可在线阅读，更多相关《深物业B：XXXX年第一季度报告全文(英文版) XXXX-04-30.pdf（16页珍藏版）》请在淘文阁 - 分享文档赚钱的网站上搜索。

1、 SHENZHEN PROPERTIES&RESOURCES DEVELOPMENT(GROUP)LTD.THE FIRST QUARTERLY REPORT 2011 1 Important Notes 1.1 The Board of Directors,the Supervisory Committee as well as directors,supervisors and senior executives of Shenzhen Properties&Resources Development(Group)Ltd(hereinafter referred to as“the Com

2、pany”)individually and jointly accepted responsibility for the correctness,accuracy and completeness of the contents of this report and confirmed that there was no false information,misleading statement or material omissions.1.2 None of the directors demonstrated uncertainty or disagreement about th

3、e truthfulness,accuracy,and completeness of this quarterly report.1.3 All directors attended the Board meeting.1.4 The first quarterly financial report has not been audited by Accounting Firm.1.5 Mr.Chen Yugang,Chairman of the Board of the Company,Mr.Wang Hangjun,Person in Charge of Accounting Work,

4、Mr.Gong Sixin,the CFO,and Ms.Shen Xueying,Manager of Financial Management Department,hereby confirmed that the Financial Report enclosed in the quarterly report is true and complete English version for reference only.Should there be any discrepancy between the two versions,the Chinese version shall

5、prevail.2 Company Profile 2.1 Main accounting data and financial indices Unit:RMB Yuan At the end of the reporting period At the end of last yearIncrease/decrease(%)Total assets 3,038,489,092.412,913,281,353.844.30%Owners equity attributable to shareholders of listed company 1,159,513,142.82874,185,

6、621.8832.64%Share capital(Share)595,979,092.00595,979,092.000.00%Net asset per share attributable to shareholders of listed company 1.9456 1.4668 32.64%Reporting period Same period of last yearIncrease/decrease(%)Sales turnover (RMB Yuan)977,257,810.34 83,097,068.04 1076.04%Net profit attributable t

7、o shareholders of listed 284,605,173.95 2,839,794.18 9922.04%1 company (RMB Yuan)Net cash flow arising from operating activities (RMB Yuan)-386,088,186.93-19,498,084.971880.13%Net cash flow per share arising from operating activities(RMB Yuan/share)-0.6478-0.0327 1881.04%Basic earnings per share(RMB

8、 Yuan/share)0.4775 0.0048 9847.92%Diluted earnings per share(RMB Yuan/share)0.4775 0.0048 9847.92%Weighted average return on equity(%)27.99%0.43%Increase of 27.56%Weighted average return on equity after deducting extraordinary gains and losses(%)27.98%-0.08%Increase of 28.06%Items of extraordinary g

9、ains and losses Amount from 1 Jan.to 31 Mar.2011 Gains on disposal of non-current assets-14,836.00Other non-operating income and expense other than abovementioned 146,725.86Influence of income tax after deducting non-recurring gains and losses-15,871.40Total 116,018.46Note:Other non-operating income

10、 and expense other than abovementioned mainly cover fines.2.2 Statement on total number of shareholders and shares held by the top ten shareholders not subject to trading moratorium Unit:Share Total number of shareholders By the end of the reporting period,the Company has 47,293 shareholders in tota

11、l,including 37,535 ones of A-share,9,758 ones of B-share Shares held by the top ten shareholders not subject to trading moratorium Full name of shareholders Shares not subject to trading moratorium held at the period-end Type of share Zeng Ying 3，350，000Domestically listed foreign shares China Merch

12、ants Securities(HK)Co.,Ltd.855，810Domestically listed foreign shares Zhang Xiankai 673，800RMB common shares 2 Long Huizhen 667，020RMB common shares Liu Liaoyuan 641，900Domestically listed foreign shares GUOTAI JUNAN SECURITIES(HONGKONG)LIMITED 633，273Domestically listed foreign shares SUN HUNG KAI I

13、NVESTMENT SERVICES LTD-CUSTOMERS A/C 560，000Domestically listed foreign shares He Shujie 551，195RMB common shares Liu Yunde 550，000RMB common shares Deng Weichao 480，100RMB common shares Explanation on associated relationship among the above shareholders or consistent action The Company is not aware

14、 of whether there exists associated relationship or consistent action among the top ten shareholders holding trade shares or not.3 Significant Events 3.1 Significant changes in major accounting data,financial highlights and reasons for these changes.Applicable Non-applicable 1.Prepayments were RMB 3

15、91,278,337.28 as at the end of the reporting period,up 692.70%as compared to the opening amount,which was mainly because the Company prepaid for the land in Yangzhou and the relevant taxes in the reporting period.2.Deferred income tax assets were RMB 41,453,082.09 as at the end of the reporting peri

16、od,down 50.18%as compared to the opening amount,which was mainly because the estimated profit calculated based on the Companys real estate pre-sale income was recognized at the end of the reporting period and deferred income tax assets decreased accordingly.3.Short-term borrowings were RMB 500,000,0

17、00.00 as at the end of the reporting period,up 4900.00%as compared to the opening amount,which was mainly because the entrustment loans given by the holding company to the Company increased in the reporting period.4.Accounts received in advance were RMB 34,766,758.80 as at the end of the reporting p

18、eriod,down 96.04%as compared to the opening amount,which was mainly because the income from the pre-sale of the PRD-Shengang No.1 Project satisfied conditions for recognition and was carried over to income for the reporting period.5.Taxes and fares payable were RMB 499,050,580.15 as at the end of th

19、e reporting period,up 155.16%as compared to the opening amount,which was mainly because the income from the PRD-Shengang No.1 Project was recognized for the reporting period,and the income tax and land VAT payable increased accordingly.6.Non-current liabilities due within one year were RMB 149,580,0

20、00.00 as at the end of the reporting period,down 40.40%as compared to the opening amount,which was mainly because mature loans were repaid in the reporting period.7.Retained earnings were RMB 433,566,838.35 as at the end of the reporting period,up 191.06%as compared to the opening amount,which was m

21、ainly because the Company achieved profits in the reporting period.8.Total owners equity was RMB 1,160,375,229.88 as at the end of the reporting period,up 32.61%as compared to the opening amount,which was mainly because the Company achieved profits in 3 the reporting period.9.Operating revenue for t

22、he reporting period was RMB 977,257,810.34,up 1076.04%from a year earlier,which was mainly because:The PRD-Shengang No.1 Project developed by the Company satisfied conditions for income recognition in the reporting period and the recognizable part were almost all settled in the reporting period,whil

23、e in the same period of last year,only a small trail part of real estate were eligible for income recognition.As a result,real estate income for the reporting period showed dramatic increase over the same period of last year.10.Operating cost for the reporting period was RMB 266,881,637.62,up 369.60

24、%from a year earlier,which was mainly because the estate of the PRD-Shengang No.1 Project which generated income eligible for recognition increased in the reporting period as compared to the same period of last year.11.Business taxes and surcharges for the reporting period were RMB 310,352,802.05,up

25、 4274.94%from a year earlier,which was mainly because real estate income increased and business taxes and land VAT increased accordingly.12.Financial expense for the reporting period was RMB 1,714,761.50,up 206.65%from a year earlier,which was mainly due to increase of total borrowings for working c

26、apital and decrease of interest income.13.Investment income for the reporting period was RMB 127,236.78,up 66.64%from a year earlier,which was mainly due to increase of income from joint ventures.14.Investment income from associated and joint enterprises for the reporting period was RMB 127,236.78,u

27、p 47.18%from a year earlier,which was mainly because the Companys joint venture Shenzhen ITC Guomao Tianan Property Management Co.,Ltd.achieved a profit growth in the reporting period.15.Non-business income/expense for the reporting period was RMB 131,889.86,down 96.07%from a year earlier,which was

28、mainly because in the same period of last year,subsidiaries of the Company received some payments that needed not to be returned.16.Income tax expense for the reporting period was RMB 91,962,168.59,up 8275.81%from a year earlier,which was mainly because the subsidiary Shenzhen Huangcheng Real Estate

29、 Co.,Ltd.enjoyed a consideration profit increase in the reporting period.17.Operating profit,total profit and net profit for the reporting period were RMB 376,435,452.68,RMB 376,567,342.54 and RMB 284,605,173.95 respectively,up 65009.09%,9463.02%and 9922.04%respectively as compared to the same perio

30、d of last year,which was mainly because:The PRD-Shengang No.1 Project developed by the Company satisfied conditions for income recognition in the reporting period and the recognizable part were almost all settled in the reporting period,while in the same period of last year,only a small trail part o

31、f real estate were eligible for income recognition.As a result,real estate income for the reporting period showed dramatic increase over the same period of last year.18.Net cash flows generated from operating activities during the period from 1 Jan.to 31 Mar.2011 were RMB-386,088,186.93,with net out

32、flows up 1880.13%as compared to the same period of last year,which was mainly because the Company paid for the land in Yangzhou and the relevant taxes in the reporting period.19.Net cash flows generated from investing activities during the period from 1 Jan.to 31 Mar.2011 were RMB-670,121.00,with ne

33、t outflows down 94.73%as compared to the same period of last year,which was mainly because in the same period of last year,some subsidiaries of the 4 Company replaced old taxies.20.Net cash flows generated from investing activities during the period from 1 Jan.to 31 Mar.2011 were RMB 381,055,814.46,

34、up 354.60%as compared to the same period of last year,which was mainly because the Company obtained an entrustment loan from the holding company and repaid fewer loans in the reporting period.3.2 Process of significant events and influence,as well as analysis and explanation on resolving proposal Ap

35、plicable Inapplicable 3.3 Special commitments made by the company,shareholders and actual controllers Applicable Inapplicable Shenzhen Construction Investment Holdings Co.(hereinafter referred to as“Construction Holdings”)and Shenzhen Investment Management Co.(hereinafter referred to as“Investment M

36、anagement Company”)were nominal shareholders of the Company(Shares of the Company are registered under the name of these two companies.).Later,these two companies and Shenzhen Trade&Commerce Investment Holdings Cbined on a legal basis and became one company known as Shenzhen Investment Holdings Co.,

37、Ltd.(hereinafter referred to as“Investment Holdings”).However,due to various reasons,the Companys shares held by Construction Holdings and Investment Management Company has not been transferred to Investment Holdings,which is the actual controller of the Company.1.Investment Holdings stated that it

38、would establish and perfect the internal control over undisclosed information of the listed company known by it,urge relevant insiders not to trade the shares of the Company by making use of the undisclosed information,not suggest other buying and selling shares of the Company,nor leak any undisclos

39、ed information of the Company.Meanwhile,it would provide an insider name list to the Company in a timely,factual,accurate and complete way so that the Company could submit the name list to the Shenzhen Bureau of CSRC and the Stock Exchange for records.In the reporting period,it was found that no act

40、ual controller of the Company or insiders bought and sold stocks of the Company by taking advantage of undisclosed information of the Company.And the Company submitted monthly the particulars about the parties to which the undisclosed information had been submitted to CSRC Shenzhen Bureau for refere

41、nce.2.Commitments made by non-tradable share holders in the share merger reform (1)The Companys non-tradable share holders Construction Holdings and Investment Management Company made a common commitment to abide by laws,regulations and rules and perform prescribed commitment duties.And they also ma

42、de special commitments as follows:Non-tradable shares held by Construction Holdings and Investment Management Company would not be traded or transferred within 36 months since they acquired right of trade.After expiration of the aforesaid commitment,originally non-tradable shares sold through the li

43、sting and trading system on the Shenzhen Stock Exchange should not exceed 5 percents of total shares of the Company within 12 months,as well as not exceed 10 percents within 24 months.In case these companies acted against the above commitment and sold shares of the Company,the income from sales of t

44、he shares would belong to the Company.As at the date of issuing the announcement,Construction Holdings and Investment Management 5 Company failed to sell the shares of the Company.(2)Investment Holdings made a commitment to abide by laws,regulations and rules and perform prescribed commitment duties

45、.And it also made special commitments as follows:Non-tradable shares held by Investment Holdings would not be traded or transferred within 36 months since they acquired right of trade.After expiration of the aforesaid commitment,originally non-tradable shares sold through the listing and trading sys

46、tem on the Shenzhen Stock Exchange should not exceed 5 percents of total shares of the Company within 12 months,as well as not exceed 10 percents within 24 months.In case these companies acted against the above commitment and sold shares of the Company,the income from sales of the shares would belon

47、g to the Company.As at the date of issuing the announcement,Investment Holdings failed to sell the shares of the Company that are actually controlled by it.Within one year since the non-tradable shares held by Construction Holdings and Investment Management Company controlled by Investment Holdings

48、acquired the right of trading,Shenzhen Investment Holdings Co.,Ltd will start up capital injection to the Company,that is,Shenzhen Investment Holdings Co.,Ltd will inject legitimate capital no less than RMB 500 million including land resource in lump sum or in batches by replace or other legitimate

49、way,will increase land reserves of the Company and enhance profitability in the future.In case the aforesaid capital failed to start completely within one year,Shenzhen Investment Holdings Co.,Ltd will compensate 20%of reorganization capital failing to start to the Company within 30 days when expira

50、tion of 1 year,and continued to implement the capital injection which had been started.As for the capital injection failing to start,Shenzhen Investment Holdings Co.,Ltd will not implement.Note:Startup of capital injection means capital injection program has been reviewed and approved by the Shareho