深赤湾Ｂ：第三季度报告全文（英文版） .ppt

,1,2,-,-,-,-,Report for the Third Quarter of 2011Chiwan Wharf,Stock code:000022/200022,Short form:Chiwan Wharf A/Chiwan Wharf B,Announcement Serial No.2011-039,SHENZHEN CHIWAN WHARF HOLDINGS LIMITEDREPORT FOR THE THIRD QUARTER OF 2011 Important Notes1.1 The Board of Directors,the Supervisory Committee as well as the directors,supervisors and seniormanagement staff of Shenzhen Chiwan Wharf Holdings Limited(hereinafter referred to as“the Company”)hereby confirm that there exists no omission,misstatement,or misleading information in this report,andaccept,individually and collectively,the responsibility for the correctness,accuracy and completeness of thecontents of this report.1.2 All Directors,Supervisors and Senior Management Staff agreed with and guaranteed the correctness,accuracyand completeness of the contents of this Report.1.3 All directors attended the board session for reviewing this report.1.4 This quarterly Financial Statements was un-audited.1.5 Chairman of the Board Mr.Zheng Shaoping,as well as Chief Financial Officer Mr.Zhang Jianguo andFinancial Manager Ms.Ma Zhihong hereby confirm that the Financial Statements in this report is true andcomplete.1.6 This report is written in both English and Chinese.In case of any discrepancy between the two versions,Chinese version prevails.Company Profile2.1 Main accounting data and financial highlightsUnit:RMB,As at 30 Sep.2011,As at 31 Dec.2010,+/-(%),Total assetsTotal equity attributable to equityholders of the CompanyShares capitalNet assets per share attributable toequity holders of the Company,6,516,469,850.003,351,849,097.00644,763,730.005.199,6,202,184,742.003,239,549,058.00644,763,730.005.024,5.07%3.47%0.00%3.48%,Jul.-Sep.2011,To correspondingperiod of 2010(%),Jan.-Sep.2011,To correspondingperiod of 2010(%),RevenueNet profit attributable to equity holders ofthe CompanyNet cash flows from operating activitiesNet cash flows per share from operatingactivitiesBasic earnings per shareDiluted earnings per shareWeighted average return on equity(%)Weighted average return on equity afterextraordinary gain and losses(%),436,986,039.00129,046,618.000.2000.2003.93%3.93%,-7.64%-24.60%-24.53%-24.53%-30.20%-30.20%,1,281,969,613.00387,404,046.00541,749,317.000.8400.6010.60111.73%11.72%,-1.91%-19.31%-14.29%-14.29%-19.33%-19.33%-26.13%-25.92%,Items of extraordinary gains and losses,Applicable,Non-applicable,1,3,Report for the Third Quarter of 2011Chiwan WharfUnit:RMB,Items of extraordinary gains and lossesNet gains on disposal of non-current assetsOther non-operating income/(expense),netMinority interests effects(after tax)Tax effectsTotal,Amount,-42,931.00209,746.0038,939.00-34,435.00171,319.00,2.2 Total number of shareholders and shares held by top ten shareholders holding shares not subject to tradingmoratorium as at the end of reporting periodUnit:share38,355 shareholders,among which 29,287 being,Total number of shareholders,shareholders of A shares and 9,068 being shareholders of B,sharesTop ten shareholders holding shares not subject to trading moratorium,Name of shareholdersCHINA NANSHAN DEVELOPMENT(GROUP)INC.KEEN FIELD ENTERPRISES LIMITEDCMBLSA RE FTIF TEMPLETON ASIAN GRW FD GTI 5496GOVERNMENT OF SINGAPORE INV.CORP.-A/C CEMPLOYEES PROVIDENT FUNDOMERS ADMINISTRATION CORPORATION(SC03)TEMPLETON CANADA EMERGING MKTS FUNDTEMPLETON EMERGING MKT SMALLER COMPANIES FUNDCHINA MERCHANTS SECURITIES(HK)CO.,LTD.TEMPLETON EMERGING MKTS FUND INC,Name of shareholders370,878,00051,708,88147,090,0035,907,6993,545,5343,238,3092,671,9242,522,2792,457,8692,126,967,Name of shareholdersA sharesB sharesB sharesB sharesB sharesB sharesB sharesB sharesB sharesB shares,Significant Events3.1 Significant changes in major accounting data,financial highlights and reasons for these changes.,Applicable,Non-applicable,30-Sep-2011,31-Dec-2010,+/-(%),Cash at bank and on handConstruction in progressMinority interest,482,482,614375,600,238752,696,151,781,720,08314,593,516567,608,774,-38.28%2473.75%32.61%,Cash at bank and on hand decreased mainly due to the dividends distributed by the Company for the year2010 in the reporting period;Construction in progress increased mainly because the development of the No.13 berth extension project inthe reporting period;Minority interests increased mainly because controlled subsidiaries realized profits on an accumulative basis.,Jul.-Sep.2011,Jul.-Sep.2010,+/-(%),Jan.-Sep.2011,Jan.-Sep.2010,+/-(%),General and administrativeexpensesFinancial expensesMinority interest,(31,103,111)(19,126,367)39,440,117,(27,224,306)(8,310,267)66,520,071,14.25%130.15%-40.71%,(108,016,071)(47,732,311)117,587,377,(82,611,953)(13,225,967)185,069,204,30.75%260.90%-36.46%,2,-,-,Report for the Third Quarter of 2011Chiwan WharfGeneral and administrative expenses increased mainly due to the rising labor cost；The significant increase of Financial expenses was due to the increased loan interest rates；Minority interest decrease since net profits of holding subsidiary dropped.,Cash received from disposals of investments,Jan.-Sep.2011,Jan.-Sep.2010146,653,951,+/-(%)-100.00%,Cash paid to purchase fixed assets,intangible assets andother long-term assetsCash paid relating to others investing activitiesCash received as investmentCash received from borrowingsCash repayments of borrowings,(411,459,288)(220,284,181)91,940,0001,026,050,000(996,050,000),(106,261,991)(749,655,300)764,880,000(319,440,000),287.21%-70.62%100.00%34.15%211.81%,Cash received from disposals of investments decreased mainly because:In the same period of last year,the Company was paid for selling some equities of China Merchants Maritime Logistics(Shenzhen)Ltd.;and loans to associates were repaid in the corresponding period of last year；Cash paid to purchase fixed assets,intangible assets and other long-term assets increased mainly becausemore funds were input in the reporting period for the construction of the No.13 berth extension project andthe Dongguan Machong Port project;Cash paid relating to others investing activities decreased mainly because the Company purchased 40%shareof China Overseas Harbour Affairs(Laizhou)Co.,Ltd.in the same period of last year;Cash received as investment increased mainly because the Company received the capital contribution fromYihai Kerry Investment Company Limited;Cash received from borrowings increased mainly because funds needed for new projects rose on ayear-on-year basis;Cash repayments of borrowings increased mainly because loans that was due increased when compared withthe same period of last year.3.2 Progress of significant events,as well as analysis on their influence and solutions3.2.1 Non-standard audit opinion,Applicable,Non-applicable,3.2.2 The Company provides funds to the controlling shareholder or its related parties or provides guarantees toexternal parties in violation of prescribed procedures.,Applicable,Non-applicable,3.2.3 Signing and execution of significant contracts concerning routine operation,Applicable3.2.4 OthersApplicable,Non-applicableNon-applicable,Internal control progress:As required by the Circular on Doing a Good Job in Pilot Internal Control Regulation in Listed Companies of Shenzhen(Shen-Zheng-Ju-Gong-Si-Zi2011No.31),the Company has completed the phase of identify control deffection,with details asfollows:A.Various internal control procedures have been checked and a list of risks has been made.B.A description has been given to the control procedure related to financial statements.C.Through risk comparison and practice tests,the phase of identify control deffection has been finished and a list of internalcontrol defects has been formulated.D.A remediation plan has been worked out upon discussion.The Company is now in the phase of remediation,we are trying to remediate the internal control issues which were found in theprevious phase according to the remediation plan,.As scheduled,PricewaterhouseCoopers Zhong Tian Certified Public Accountants Co.,Ltd.,the Companys internal control auditor,has finished the on-site work of its preliminary audit and submitted to the Company a list of problems found in its internal controlaudit,upon which and the Companys internal control defect list the remediation plan is produced upon discussion.In line with the schedule for internal control improvement for 2011,the Company has finished the first phase(preparation)and thesecond phase(identify control deffection)of the internal control improvement project,and is currently going through the third phase(remediation).The internal control improvement project is right on schedule,with no derivation or delay.3,4,Report for the Third Quarter of 2011Chiwan Wharf3.3 Special commitments made by the company and its shareholders,Applicable,Non-applicable,3.4 Reason of expected significant changes in net profit for the first half of this year compared with last year,Applicable,Non-applicable,3.5 Other significant events3.5.1 Securities investment,Applicable,Non-applicable,3.5.2 Particulars about meetings with investors in the reporting period,TypeReceivingvisitsfrominvestors,TimeJuly.2011Aug.2011,LocationConferenceroom oftheCompany,MeansOne-on-onemeeting,InvestorsJianghai SecuritiesIndustrial Securities Co.,Ltd,Topics discussed andinformation providedTopics discussed:Basicinformation of operationsand investments of theCompany and the financial,Sep.20113.6 Derivatives investmentApplicableNon-applicable,Magellan Financial Group,BOCInternational(China)Limited,BOCIResearch Limited,status of the CompanyInformation provided:Brochure of the Company,3.6.1 Derivatives held as at the end of the report period,Applicable,Non-applicable,Appendix（See Attachment）4.1 Balance Sheet4.2 Income Statement in the report period4.3 Income Statement from year-begin to the end of report period4.4 Cash Flow Statement4.5 Report of the auditorsOpinion of the auditors:Un-auditedFor and on behalf of the BoardZheng ShaopingChairmanShenzhen Chiwan Wharf Holdings LimitedDated 26th October,20114,-,-,-,-,-,-,-,-,-,-,Report for the Third Quarter of 2011Chiwan WharfSHENZHEN CHIWAN WHARF HOLDINGS LIMITEDCONSOLIDATED BALANCE SHEETFOR THE MONTH ENDED 30 SEPTEMBER 2011(All amounts in Rmb unless otherwise stated)English translation for reference only,ASSETS,30-Sep-11The Group,31-Dec-10The Group,30-Sep-11The Company,31-Dec-10The Company,Current assets,Cash at bank and on handNotes receivableAccounts receivableAdvances to suppliersInterests receivableDividends receivableOther receivablesInventoriesTotal current assets,482,482,614221,755,44027,421,28351,66760,924,35424,716,629817,351,987,781,720,0834,640,000179,772,75531,256,1721,318,20252,765,36123,888,5261,075,361,099,137,276,22016,774,943650,500221,568260,620,436285,297,1081,026,441701,867,216,494,364,3551,700,0009,336,968316,78091,902304,203,089365,862,1361,099,1681,176,974,398,Non-current assets,Available-for-saleassets,financial,5,300,000,6,640,000,5,300,000,6,640,000,Long-term receivables,11,004,304,11,004,304,Long-term equity investmentsInvestment propertiesFixed assetsConstruction in progressIntangible assetsGoodwillLong-term prepaid expensesDeferred tax assetsOther non-current assetsTotal non-current assetsTOTAL ASSETS,1,453,355,92334,983,1682,535,097,036375,600,2381,045,387,46815,244,79562,691,04249,787,267121,670,9265,699,117,8636,516,469,850,1,149,921,88629,379,5442,652,957,91514,593,5161,074,247,81910,858,89863,848,18952,083,66272,292,2145,126,823,6436,202,184,742,1,990,932,18926,787,001144,702,4474,803,84466,022,2295,164,95123,183,8382,277,900,8032,979,768,019,1,589,644,57220,991,116156,903,932450,90068,371,7615,299,66621,221,3571,880,527,6083,057,502,006,5,-,-,-,-,-,-,-,-,-,-,-,-,Report for the Third Quarter of 2011Chiwan WharfSHENZHEN CHIWAN WHARF HOLDINGS LIMITEDCONSOLIDATED BALANCE SHEETFOR THE MONTH ENDED 30 SEPTEMBER 2011(CONTINUE)(All amounts in Rmb unless otherwise stated)English translation for reference only,LIABILITIES AND OWNERS EQUITY,30-Sep-11The Group,31-Dec-10The Group,30-Sep-11The Company,31-Dec-10The Company,Current liabilities,Short-term borrowingsNotes payableAccounts payableAdvances from customersEmployee benefits payableTaxes payableInterests payableDividends payableOther payablesCurrent portion of non-current liabilitiesTotal current liabilities,1,536,050,0004,376,000211,384,7425,142,19631,754,24070,821,2587,382,250213,351,04356,454,022132,451,7502,269,167,501,1,225,550,0001,895,750214,723,2514,769,32036,929,912100,583,5202,958,406213,351,04345,027,806412,951,7502,258,740,758,601,050,0003,165,0009,495,2314,049,55924,406,3273,840,9393,344,819865,808,8861,515,160,761,478,550,00016,221,2383,643,83515,275,662605,7561,829,970570,336,042212,500,0001,298,962,503,Non-current liabilities,Long-term borrowingsSpecial payableDeferred tax liabilitiesOther non-current liabilitiesTotal non-current liabilitiesTotal liabilities,-79,498,6951,003,20062,255,206142,757,1012,411,924,602,-69,119,6451,324,80065,841,707136,286,1522,395,026,910,-1,003,2001,003,2001,516,163,961,-1,324,8001,324,8001,300,287,303,Owners equity,Paid-in capitalCapital surplusSurplus reserveUndistributed profits,644,763,730169,541,355421,692,4052,129,270,910,644,763,730144,909,755383,570,4042,079,724,472,644,763,730153,087,628421,692,405244,060,295,644,763,730154,106,028383,570,404574,774,541,Foreigndifference,exchange,translation,(13,419,303),(13,419,303),Total equity attributable to equityholders of the CompanyMinority interestTotal owners equityTOTAL LIABILITIES AND OWNERSEQUITY,3,351,849,097752,696,1514,104,545,2486,516,469,850,3,239,549,058567,608,7743,807,157,8326,202,184,742,1,463,604,0581,463,604,0582,979,768,019,1,757,214,7031,757,214,7033,057,502,006,6,-,to,Report for the Third Quarter of 2011Chiwan WharfSHENZHEN CHIWAN WHARF HOLDINGS LIMITEDCONSOLIDATED AND COMPANY INCOME STATEMENTIN THE REPORT PERIOD(All amounts in RMB Yuan unless otherwise stated)English translation for reference only,Items,Jul.-Sep.2011,Jul.-Sep.2010,The Group,The Company,The Group,The Company,RevenueLess:cost of salesTax and levies on operations,436,986,039(189,317,656)(18,595,099),47,804,622(32,661,421)(2,109,794),473,141,532(180,091,273)(17,189,444),42,483,244(28,163,396)(1,658,784),Generalexpenses,and,administrative,(31,103,111),(10,382,259),(27,224,306),(9,021,911),Finance income/(expenses)netAsset impairment reversals/(losses)Add:Investment income,(19,126,367)-28,379,161,(10,919,597)-10,704,726,(8,310,267)-36,940,353,(2,361,121)-8,773,736,Including:associates,Share,of,results,of,28,379,161,7,698,446,36,940,353,5,116,806,Operating profitAdd:Non-operating incomeLess:Non-operating expensesIncluding:Loss on disposals ofnon-current assetsTotal profitLess:Income tax(expenses)/incomeNet profitAttributable to equity holders of theCompanyMinority interest,207,222,96771,946(94,931)(46,722)207,199,982(38,713,247)168,486,735129,046,61839,440,117,2,436,27724,917(5,047)(5,047)2,456,1471,258,1523,714,299,277,266,5951,863,127(2,150,428)(2,079,971)276,979,294(39,309,280)237,670,014171,149,94366,520,071,10,051,768482,630(22,682)10,511,7