深物业B：2021年第一季度报告全文（英文版）.PDF

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1、ShenZhen Properties & Resources Development (Group) Ltd.First Quarterly Report 20211SHENZHEN PROPERTIES & RESOURCESDEVELOPMENT (GROUP) LTD.FIRST QUARTERLY REPORT 2021(Announcement No. 2021-21)April 2021ShenZhen Properties & Resources Development (Group) Ltd.First Quarterly Report 20212Part I Importa

2、nt NotesThe Board of Directors (or the “Board”), the Supervisory Committee as well as the directors,supervisors and senior management of ShenZhen Properties & Resources Development(Group) Ltd. (hereinafter referred to as the “Company”) hereby guarantee the factuality,accuracy and completeness of the

3、 contents of this Report and its summary, and shall bejointly and severally liable for any misrepresentations, misleading statements or materialomissions therein.All the Companys directors have attended the Board meeting for the review of this Reportand its summary.Liu Shengxiang, the Companys legal

4、 representative, Cai Lili, the Companys head offinancial affairs, and Liu Qiang, head of the Companys financial department (equivalent tofinancial manager) hereby guarantee that the Financial Statements carried in this Report arefactual, accurate and complete.This Report and its summary have been pr

5、epared in both Chinese and English. Should therebe any discrepancies or misunderstandings between the two versions, the Chinese versionsshall prevail.ShenZhen Properties & Resources Development (Group) Ltd.First Quarterly Report 20213Part II Key Corporate InformationI Key Financial InformationIndica

6、te by tick mark whether there is any retrospectively restated datum in the table below. Yes NoQ1 2021Q1 2020Change (%)Operating revenue (RMB)891,026,732.66861,546,080.083.42%Netprofitattributabletothelistedcompanys shareholders (RMB)214,420,219.16152,014,318.1041.05%Netprofitattributabletothelistedc

7、ompanys shareholders before exceptionalitems (RMB)208,303,080.57152,909,860.7736.23%Net cash generated from/used in operatingactivities (RMB)83,213,087.80-609,307,576.52-113.66%Basic earnings per share (RMB/share)0.35980.255141.04%Diluted earnings per share (RMB/share)0.35980.255141.04%Weighted aver

8、age return on equity (%)5.59%4.72%0.87%31 March 202131 December 2020Change (%)Total assets (RMB)12,455,805,632.2912,207,356,912.542.04%Equity attributable to the listed companysshareholders (RMB)3,942,068,204.393,727,917,440.035.74%Exceptional gains and losses:Applicable Not applicableUnit: RMBItemQ

9、1 2021NoteGain or loss on disposal of non-current assets (inclusive ofimpairment allowance write-offs)7,000.00Government subsidies recognized in the current period, except forthose acquired in the ordinary course of business or granted atcertain quotas or amounts according to the governments unified

10、standards136,000.00Non-operating income and expense other than the above8,010,201.46Less: Income tax effects2,004,300.37Non-controlling interests effects (net of tax)31,762.50Total6,117,138.59-ShenZhen Properties & Resources Development (Group) Ltd.First Quarterly Report 20214Explanation of why the

11、Company reclassifies as recurrent an exceptional gain/loss item defined or listed in the ExplanatoryAnnouncement No. 1 on Information Disclosure for Companies Offering Their Securities to the PublicExceptional Gain/LossItems:Applicable Not applicableNo such cases for the Reporting Period.II Total Nu

12、mber of Shareholders and Holdings of Top 10 Shareholders at 31 March 20211. Numbers of Ordinary Shareholders and Preferred Shareholders with Resumed Voting Rights as well asHoldings of Top 10 ShareholdersUnit: shareNumber of ordinary shareholders at theperiod-end55,834Number of preferred shareholder

13、s with resumedvoting rights at the period-end (if any)0Top 10 shareholdersName of shareholderNature ofshareholderShareholdingpercentageTotal shares heldRestrictedshares heldShares in pledge orfrozenStatusSharesShenzhenInvestmentHoldingsCorporationState-owned legalperson50.57%301,414,6373,326Shenzhen

14、State-OwnedEquityOperation and Management Co., Ltd.Domesticnon-state-ownedlegal person6.38%38,037,8900China Orient Asset Management Co.,Ltd.State-owned legalperson3.90%23,236,4000Chu YuanyuanDomestic naturalperson0.54%3,241,1000HongKongSecuritiesClearingCompany Ltd.Foreign legalperson0.37%2,205,2800

15、ShenzhenDuty-FreeCommodityEnterprises Co., Ltd.Domesticnon-state-ownedlegal person0.29%1,730,3001,730,300Duan ShaotengDomestic naturalperson0.29%1,699,7650ChinaConstructionBank-WanjiaSelectedMixedTypeSecuritiesInvestment FundOther0.26%1,529,4890Yang YaochuDomestic naturalperson0.25%1,500,3840BoseraF

16、und-PICCLifeInsurance-TraditionalGeneralOther0.25%1,477,5000ShenZhen Properties & Resources Development (Group) Ltd.First Quarterly Report 20215InsurancePortfolio-BoseraFundA-StockMixedPortfolioSingleAsset Management Plan of PICC LifeInsurance Company LimitedTop 10 unrestricted shareholdersName of s

17、hareholderUnrestricted shares heldShares by typeTypeSharesShenzhen Investment Holdings Corporation301,411,311RMB-denominatedordinary stock301,411,311ShenzhenState-OwnedEquityOperationandManagement Co., Ltd.38,037,890RMB-denominatedordinary stock38,037,890China OrientAsset Management Co., Ltd.23,236,

18、400RMB-denominatedordinary stock23,236,400Chu Yuanyuan3,241,100RMB-denominatedordinary stock3,241,100Hong Kong Securities Clearing Company Ltd.2,205,280RMB-denominatedordinary stock2,205,280Duan Shaoteng1,699,765RMB-denominatedordinary stock1,699,765China Construction Bank-Wanjia Selected Mixed Type

19、Securities Investment Fund1,529,489RMB-denominatedordinary stock1,529,489Yang Yaochu1,500,384Domestically listedforeign stock1,500,384Bosera Fund-PICC Life Insurance-Traditional GeneralInsurancePortfolio-BoseraFundA-StockMixedPortfolio Single Asset Management Plan of PICC LifeInsurance Company Limit

20、ed1,477,500RMB-denominatedordinary stock1,477,500Mai Furong1,103,096Domestically listedforeign stock1,103,096Relatedoracting-in-concertpartiesamongtheshareholders aboveThe first largest shareholder, Shenzhen Investment Holding Corporation,is the actual controlling shareholder of the Company, the sec

21、ond largestshareholder is the wholly-owned subsidiary of Shenzhen InvestmentHolding Corporation, which exist related-party relationship with theCompany. And the Company does not know whether there are relatedparties or acting-in-concert parties among the other 8 shareholders.Top 10 shareholders invo

22、lved in securities margin trading(if any)N/AIndicate by tick mark whether any of the top 10 ordinary shareholders or the top 10 unrestricted ordinary shareholders of theCompany conducted any promissory repo during the Reporting Period. Yes NoShenZhen Properties & Resources Development (Group) Ltd.Fi

23、rst Quarterly Report 20216No such cases in the Reporting Period.2. Number of Preferred Shareholders and Shareholdings of Top 10 of ThemApplicable Not applicableShenZhen Properties & Resources Development (Group) Ltd.First Quarterly Report 20217Part III Significant EventsI Changes in Key Financial St

24、atement Line Items and Explanation of whyApplicable Not applicable1. Prepayments stood at RMB75,086,951.68 as at 31 March 2021, rising 48.56% compared to 31 December 2020, primarily drivenby the increase in demolition service fee prepaid.2. Long-term prepaid expense stood at RMB15,627,354.02 as at 3

25、1 March 2021, rising 31.74% compared to 31 December 2020,primarily driven by the increase in decoration expenditures of rented offices with the Company as the lessee.3. Contract liabilities stood at RMB863,750,204.45 as at 31 March 2021, rising 29.52% compared to 31 December 2020, primarilydriven by

26、 the increase in advances from commercial building sales.4. Selling expense stood at RMB3,005,132.04 during Q1 2021, declining 35.91% compared to Q1 2020, primarily driven by thedecrease in sales service expense.5. Finance costs stood at RMB11,763,247.61 during Q1 2021, declining 45.61% compared to

27、Q1 2020, primarily driven by theincrease in capitalized interest expense.6. Return on investment stood at RMB2,577,004.72 during Q1 2021, compared to RMB-10,994.73 in Q1 2020, with the changeprimarily driven by the increase in returns on investments in joint ventures calculated using the equity meth

28、od as a result of asubstantial increase in their net profits.7. Non-operating income stood at RMB8,612,813.60 during Q1 2021, rising 997.85% compared to Q1 2020, primarily driven by thereceipt of demolition compensation.8. Netcashgeneratedfrom/usedin operating activities stood atRMB83,213,087.80 dur

29、ing Q1 2021, comparedtoRMB-609,307,576.52 in Q1 2020, with the change primarily driven by the increase in sales payments collected.9. Net cash generated from/used in investing activities stood at RMB-7,912,883.72 during Q1 2021, compared to RMB-3,384,962.58in Q1 2020, with the change primarily drive

30、n by the increase in office decoration expenditures.10. Net cash generated from/used in financing activities stood at RMB-46,683,112.50 during Q1 2021, compared toRMB772,655,600.48 in Q1 2020, with the change primarily driven by the new loan of RMB807 million in the same period of lastyear, with no

31、comparable loan in the current period.II Progress, Influence and Solutions with regard to Significant EventsApplicable Not applicable1. Shenzhen International Trade Center Property Management Co., Ltd., a wholly-owned subsidiary of the Company, plans to investin the establishment of a wholly-owned s

32、ubsidiary in the Vietnam-China Economic and Trade Cooperation Zone in Hai Phong,Vietnam, in a bid to strengthen in-depth cooperation with important overseas customers, study and explore advanced cutting-edgetechnologies, take an active part in the international industrial layout, and expand the inte

33、rnational market. In January 2021, thesubsidiary in Vietnam completed its registration and received the Enterprise Registration Certificate from the Business RegistrationOffice of the Haiphong Department of Planning and Investment Decision. The details were disclosed on the designated media onJanuar

34、y 6.2. The Company received the Notice of Shenzhen Investment Holdings Co., Ltd. on the Free Transfer of Shares of ShenZhenProperties & Resources Development (Group) Ltd. (S.T.K. 2021 No. 38) from the controlling shareholder Shenzhen InvestmentShenZhen Properties & Resources Development (Group) Ltd.

35、First Quarterly Report 20218Holdings Co., Ltd. (SIHC). SIHC decided to transfer its 38,037,890 non-restricted tradable common shares on the A-shares market inthe Company (accounting for 6.382% of the total share capital of the Company) to Shenzhen State-owned Equity Management Co.,Ltd. for free to r

36、eplenish the social security funds.On 17 March 2021, the Company received the Confirmation of Securities Transfer Registration issued by Shenzhen Branch of ChinaSecurities Depository and Clearing Corporation Limited from Shenzhen State-owned Equity Management Co., Ltd. confirming thatthe registratio

37、n procedures for the free transfer of the above-mentioned state-owned shares had been completed on March 15. Therespective details were disclosed on the designated media on January 29 and March 18.3. On 18 July 2020, the Company released an announcement on the designated media, disclosing informatio

38、n on the plan of theCompanys controlling shareholder SIHC to reduce the number of its shares in the Company by no more than 11,919,581 shares inthe call auction within 6 months after 15 trading days from the date of disclosure. From 25 August 2020 to September 4, 2020, SIHCaccumulated a reduction of

39、 5,959,696 shares in the Company in call auction, with the number of shares reduced by more than half.The details were disclosed on the designated media on September 5.On 9 February 2021, the Company received the Notification Letter on the Implementation of the PRD Share Reduction Plan fromSIHC. It

40、was noted in the Letter that from 10 August 2020 to 9 February 2021, SIHC accumulatively reduced 5,959,696 shares in theCompany (account for 1.00% of the Companys total share capital) in call auction, adding that since the reduction period set in theshare reduction plan has expired, the implementati

41、on of this reduction plan has been concluded. The details were disclosed on thedesignated media on February 10.Overview of significant eventsDisclosure dateIndex to disclosure website for interim reportWholly-owned subsidiary to establish awholly-owned subsidiary overseas23 September 2020Announcemen

42、tNo.2020-43onWholly-ownedSubsidiary to Establish a Wholly-Owned SubsidiaryOverseas on 6 January 2021AnnouncementNo.2021-01onCompletionofRegistrationofVietnamSThe transfer of some state-owned sharesheld by the controlling shareholder of theCompany Shenzhen Investment HoldingsCo., Ltd. to social secur

43、ity fund withoutcompensation29 January 2021Announcement No. 2021-02 on the Transfer of SomeState-owned Shares Held by Controlling Shareholdersto Social Security Fund without Compensation18 March 2021Announcement No. 2021-05 on the Completing theRegistration of Share Ownership Transfer regardingTrans

44、ferofSomeState-ownedSharesHeldbyControlling Shareholders to Social Security Fundwithout CompensationThe Companys controlling shareholder toreduce shareholding18 July 2020AnnouncementNo.2020-33ontheCompanysControlling Shareholder to Reduce Shareholding 5 September 2020AnnouncementNo.2020-41onProgress

45、ofShareholding Reduction by the Companys ControllingShareholder (Over Half of Its Reduction Plan)10 February 2021AnnouncementNo.2021-03onExpirationandCompletionofReducingShareholdingbytheCompanys Controlling ShareholdersProgress of any share repurchases:ShenZhen Properties & Resources Development (G

46、roup) Ltd.First Quarterly Report 20219Applicable Not applicableProgress of any reduction of the repurchased shares through centralized bidding:Applicable Not applicableIII Commitments that the Companys Actual Controller, Shareholders, Related Parties,Acquirers, the Company Itself or Other Parties, F

47、ailed to Fulfill on Time during theReporting PeriodApplicable Not applicableNo such cases in the Reporting Period.IV Financial Investments1. Securities InvestmentsApplicable Not applicableUnit: RMBType ofsecuritiesCode ofsecuritiesName ofsecuritiesInitialinvestment costAccountingmeasurementmethodOpe

48、ningcarryingamountGain/loss onfair-valuechangesin thecurrentperiodCumulativefair-valuechangesthroughequityPurchased in thecurrentperiodSold inthecurrentperiodGain/loss in thecurrentperiodClosingcarryingamountAccounting titleFundingsourceDomestic/overseas stock400016、420016GintianA,GintianB3,565,856.

49、06Fairmethod1,044,905.120.00-50,535.600.000.000.00994,369.52OtherequityinstrumentinvestmentObtained in debtrestructuringTotal3,565,856.06-1,044,905.120.00-50,535.600.000.000.00994,369.52-Disclosuredateofannouncement on BoardsconsentforsecuritiesinvestmentDisclosuredateofannouncementonshareholdersmee

50、tingsconsentforsecuritiesinvestment (if any)ShenZhen Properties & Resources Development (Group) Ltd.First Quarterly Report 2021102. Investments in Derivative Financial InstrumentsApplicable Not applicableNo such cases in the Reporting Period.V Progress of Projects Financed with Raised FundsApplicabl