深华发Ｂ：2016年年度报告（英文版）.PDF

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1、深圳中恒华发股份有限公司 2016 年年度报告全文 1 SHENZHEN ZHONGHENG HWAFA CO.,LTD.ANNUAL REPORT 2016 April 2017 深圳中恒华发股份有限公司 2016 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 Hwafa Co.,Ltd.(here

2、inafter 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,Prin

3、cipal 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 2015 Annual Report is authentic,accurate and complete.Other directors attending the Meeting for annual report deliber

4、ation except for the followed Name of director absent Title for absent director Reasons for absent Attorney Xu jinwen Independent director-Li Dingan Concerning the forward-looking statements with future planning involved in the Report,they do not constitute a substantial commitment for investors.Maj

5、ority 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 ou

6、t,bonus issued and capitalizing of common reserves either.深圳中恒华发股份有限公司 2016 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 .9 Section III Summary of Company Business .9 Section IV Discussion and Analysis of Operation.11

7、Section V Important Events .27 Section VI Changes in shares and particular about shareholders.34 Section VII Preferred Stock.47 Section VIII Particulars about Directors,Supervisors,Senior Executives and Employees.35 Section IX Corporate Governance.56 Section X Corporate Bonds .64 Section XI Financia

8、l Report.51 Section XII Documents Available for Reference.51 深圳中恒华发股份有限公司 2016 年年度报告全文 4 Paraphrase Items Refers to Contents Company,Shen Hwafa Refers to SHENZHEN ZHONGHENG HWAFA CO.,LTD.Hengfa Technology Refers to Wuhan Hengfa Technology Co.,Ltd.Hwafa Property Refers to Shenzhen Zhongheng Hwafa Pro

9、perty Co.,Ltd Hwafa Lease Refers to Shenzhen Hwafa Property Lease Management Co.,Ltd Hwafa Trade Refers to Wuhan Zhongheng Hwafa 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

10、 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.Hwafa Hengtian Refers to Shenzhen Hwafa Hengtian Co.,Ltd.Hwafa Hengtai Refers

11、to Shenzhen Hwafa 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 2016 年年度报告全文 5 Section II Company Profile and Main Finnaical Indexes I.Company profile Short form of the stock

12、 Shen Hwafa A,Shen Hwafa 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 ZHONG

13、HENG 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.

14、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,Shenzhe

15、n Tel.0755-86360220 0755-86360201 Fax.0755-86360206 0755-86360206 E-mail 深圳中恒华发股份有限公司 2016 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

16、appointed by CSRC http:/ Preparation place for annual report Office of the Board of SHENZHEN ZHONGHENG HWAFA 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 chan

17、ge 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 mat

18、erials)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

19、 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 complet

20、ed 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 Hwafa Co.,Ltd”.V.Other relevant information CPA engaged by the Company Name of CPA DAXIN Certified Public Accountants LLP Offices a

21、dd.for CPA 15/F College International Mansion,No.1 Zhi Chun Road,Haidian Distric,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 perf

22、orming 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 for accounting policy changed and accounting error correction or not 深圳中恒华发股份有限公司 2016 年年

23、度报告全文 7 Yes No 2016 2015 Changes over last year 2014 Pre-adjustment Post-adjustment Post-adjustment Pre-adjustment Post-adjustment Operating income(RMB)619,167,770.74 499,455,781.11 499,455,781.11 23.97%694,839,760.10 694,839,760.10 Net profit attributable to shareholders of the listed company(RMB)5

24、,457,710.33-6,731,513.11-4,200,845.61-7,687,620.27 7,687,620.27 Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses(RMB)5,109,926.82-31,741,774.80-29,211,107.30-2,322,082.33 2,322,082.33 Net cash flow arising from operating activities(RMB)-18,

25、693,296.58 173,486,015.99 173,486,015.99-110.78%119,492,159.01 119,492,159.01 Basic earnings per share(RMB/Share)0.0193-0.0238-0.0148-0.0271 0.0271 Diluted earnings per share(RMB/Share)0.0193-0.0238-0.0148-0.0271 0.0271 Return on Equity 1.72%-2.27%-1.50%3.22%2.77%2.77%End of 2016 End of 2015 Changes

26、 over end of last year End of 2014 Pre-adjustment Post-adjustment Post-adjustment Pre-adjustment Post-adjustment Total assets(RMB)632,475,542.40 1,155,089,236.67 1,154,989,593.34-45.24%1,162,740,984.93 1,162,740,984.93 Net assets attributable to shareholder of listed company(RMB)319,698,568.63 311,4

27、06,562.20 313,937,229.70 1.84%281,351,269.74 281,351,269.74 The reasons for the changes in accounting policies and the correction of accounting errors 1.The company mistakenly disbursed cash deposit from the rent of 2015,which was corrected and adjusted to administration expenses and rental fees,inc

28、reased the administration expenses of 2015 by RMB 99,643.33,and reduced other receivables by RMB 99,643.33.2.The company collected the financing income of T2 class trust units in trust plan of 2015 CITIC Qianjing Green Xingcheng investment funds and accrued the business tax and additional tax which

29、were identified not belonging to the business tax scope and were corrected and returned back,reduced taxes and additional of 2015 by RMB 3,473,866.67,and reduced tax payable(business tax,urban maintenance and construction tax,education surcharge,local education surcharge)by RMB 3,473,866.67.3.The co

30、rrection of above two items made impacts on the income tax and undistributed profits,increased income tax expenses by RMB 843,555.84,increased tax payable(corporate income tax)by RMB 843,555.84,and increased undistributed profit by RMB2,530,667.50.深圳中恒华发股份有限公司 2016 年年度报告全文 8 VII.Difference of the ac

31、counting 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

32、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 Ch

33、inese 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 f

34、inancial index In RMB 1st Q 2nd Q 3rd Q 4th Q Operating income 137,699,187.33 171,839,338.23 147,394,897.89 162,234,347.29 Net profit attributable to shareholders of the listed company 469,935.69 6,803,020.53-2,763,587.66 948,341.77 Net profit attributable to shareholders of the listed company after

35、 deducting non-recurring gains and losses 137,244.07 6,045,229.45-3,187,589.84 2,365,523.69 Net cash flow arising from operating activities-46,008,442.75 20,584,093.18-45,645,033.67 52,376,086.66 Whether there are significant differences between the above-mentioned financial index or its total numbe

36、r 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 2016 2015 2014 Note Gains/losses from the disposal of non-current asset(including the write-off 8

37、2,132.08 449,051.44 1,587,819.80 深圳中恒华发股份有限公司 2016 年年度报告全文 9 that accrued for impairment of assets)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)1,419,888

38、.89 1,691,800.00 4,159,795.00 Other non-operating income and expenditure except for the aforementioned items-1,209,982.33 690,149.43 149,500.69 Other gain/loss items satisfying the definition of nonrecurring gain/loss account 333,974.06 25,247,171.27 983,612.12 Less:Impact on income tax 278,229.19 3

39、,067,910.45 1,515,189.67 Total 347,783.51 25,010,261.69 5,365,537.94-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(gai

40、n)/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

41、 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深圳中恒华发股份有限公司 2016 年年度报告全文 10 Section III Summary of Company Business I.M

42、ain 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 busin

43、ess 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.The companys industrial business mainly provides auxiliary products and service

44、s for the home appliance industry.With the acceleration of new urbanization process in China and upgrading and updating of household appliance consumption,the home appliance industry will continue to maintain a relatively fast growth;the development of home appliances and other downstream industries

45、 provides broad markets for the upstream auxiliary products.By virtue of years of industry resources and technology accumulation,the company conforms to the market demand and optimizes the product structure and performance,and the companys products and services have accepted by the downstream manufa

46、cturers such as Gree,Haier,TCL,etc.and possess certain competitiveness in the industry.But it also should be noted that the current injection molding,foam pieces and liquid crystal display business are facing fierce market competition and cost pressures,the company needs to further enhance the level

47、 of research and development,develop new products,expand downstream channels and cultivate its own brand so as to further enhance the profitability in industrial business.On the other hand,the transformation and upgrading and profitability of industrial business are weaker than expectation in recent

48、 years,under this circumstance,the company has actively developed the property management business,liquidized the remnant assets,and carried out the decoration and investment promotion of its own property Huafa Building,the property management business has made good profits for the company and becam

49、e an important strategic business of the company.II.Major changes in main assets 1.Major changes in main assets Major assets Note of major changes Equity assets N/A Fixed assets Shops are transfers as investment real estate in the Period,fixed assets declined Intangible assets No major change Constr

50、uction in progress No major change Classified as assets held for sale reconstruction of old buildings and Electronic City in Gongming are transferred to disposal of fixed assets from assets held-for-sale 深圳中恒华发股份有限公司 2016 年年度报告全文 11 Fixed assses disposal The same as above 2.Main overseas assets Appl