[中报]深华发Ｂ(200020):2021年半年度报告全文--英文版
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时间：2022年04月25日 20:16:18 中财网 |
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原标题:深华发Ｂ:2021年半年度报告全文--英文版
深圳中恒华发股份有限公司
SHENZHEN ZHONGHEN HUAFA CO., LTD.
SEMI-ANNUAL REPORT 2021
August 2021
SEMI-ANNUAL REPORT 2021
Section I. Important Notice, Contents and Interpretation
Board of Directors, Supervisory 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 responsibilities, 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 Report 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 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 out, bonus issued and capitalizing of common reserves either.
SEMI-ANNUAL REPORT 2021
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 IV 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
SEMI-ANNUAL REPORT 2021
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 accounting 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.
| 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 HUAFA 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. |
| 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 Co., 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. (former “Zhongheng
Huafa Technology Co., Ltd”) |
| Short form of the stock | Shen HUAFA A, Shen HUAFA B | Stock code | 000020, 200020 |
| 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) (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 |
| Name | 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 | [email protected] | |
III. Others
1. Way of contact
Whether registrations address, offices address and codes as well as website and email of the Company changed 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 disclosure and preparation place changed in reporting period or not
| | Current period | Same period of last year | Changes over last year |
| Operating income(RMB) | 391,633,808.55 | 300,703,421.38 | 30.24% |
| Net profit attributable to shareholders of
the listed company(RMB) | 6,989,362.48 | 3,165,597.55 | 120.79% |
| Net profit attributable to shareholders of
the listed company after deducting
non-recurring gains and losses(RMB) | 7,034,198.78 | 3,167,896.46 | 122.05% |
| Net cash flow 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-end
of last year |
| Total assets(RMB) | 673,347,527.18 | 627,779,621.06 | 7.26% |
| Net assets attributable to shareholder of
listed company(RMB) | 343,238,099.77 | 336,248,737.29 | 2.08% |
V. Difference of the accounting 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 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 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 foreign accounting rules or
Chinese GAAP (Generally Accepted Accounting Principles) in the period.
| 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 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 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 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
| | 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 | 334,523,805.25 | 263,959,652.63 | 26.73% | |
| 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 |
| Income tax expense | 1,584,720.39 | 837,369.58 | 89.25% | 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 first 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 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 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 | 48.63% | 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 | 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% |
| hardware | | | | | |
| 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 | 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 | 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 company’s operating revenue or operating profit
√Applicable □ Not applicable
In RMB
| | Operation
income | Operation
cost | Gross profit
ratio | Increase/decrea
se of operation
income y-o-y | Increase/decrea
se of operation
cost y-o-y | Increase/decrea
se of gross
profit ratio
y-o-y |
| According to industries | | | | | | |
| Display | 198,422,034.91 | 181,998,855.63 | 8.28% | 22.00% | 19.00% | 1.69% |
| Plastic
injection
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 | 181,998,855.63 | 8.28% | 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 | 95,569,502.38 | 79,562,859.88 | 16.75% | -8.97% | -19.29% | 10.62% |
| Central China | 203,317,499.60 | 190,785,789.29 | 6.16% | 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 statistic scope of main business data, adjusted main business based on
| Item | 2021-6-30 | 2021-1-1 | 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 accounts
increased |
| Inventory | 129,877,952.00 | 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 | 51,089,579.00 | 12,527,808.00 | 308% | Loans of Hengfa
increased |
| Contractual liabilities | 765,555.97 | 287,140.66 | 167% | Account received in
advance increased |
| Wages payable | 3,886,717.29 | 5,737,366.59 | -32% | Last year’s year-end
bonus distributed |
| Interest payable | 179,523.72 | 26,335.66 | 582% | Loans increased |
| Other current liability | 211,799.13 | 18,322,972.81 | -99% | Notes already endorsed
and outstanding declined |
| Item | Jan.- Jun. 2021 | Jan.- Jun. 2020 | Y-o-y
changes
(+,-) | Causes |
| Operation tax and surcharge | 1,428,361.92 | 1,004,056.05 | 42% | Additional tax increased |
| Interest income | 189,945.55 | 11,856.69 | 1502% | Loan subsidies |
| Other income | 3,553.35 | 348,540.00 | -99% | Government subsidy |
| Investment income | 149,767.58 | 66,780.40 | 124% | Wealth management
income |
| Non-operation revenue | 276,599.04 | 45,200.06 | 512% | Government subsidy |
| Non-operation expense | 215,202.92 | 7,302.38 | 2847% | Penalty expenses |
| | Amount | Ratio in total profit | Description of formation | Whether be sustainable
(Y/N) |
| Investment
income | 149,767.58 | 1.74% | Interest settlement | Y |
| Asset
impairment | 1,350,000.00 | 15.67% | Inventory reduction
provision | N |
| Non-operation
revenue | 276,599.04 | 3.21% | Government subsidy | N |
| Non-operation
expense | 215,202.92 | 2.50% | Penalty | N |
V. Assets and liability analysis
1. Major changes of assets composition
In RMB
| | End of the current period | | End of last year | | Ratio
changes | Notes of major changes |
| | Amount | Ratio in
total
assets | Amount | Ratio in
total
assets | | |
| Monetary fund | 59,612,186.22 | 8.85% | 60,968,053.58 | 9.71% | -0.86% | |
| Account
receivable | 135,750,939.59 | 20.16% | 128,063,911.79 | 20.40% | -0.24% | |
| Inventory | 129,877,952.00 | 19.29% | 70,166,013.49 | 11.18% | 8.11% | Inventory from Hengfa increased |
| Investment real
estate | 46,360,497.13 | 6.88% | 47,224,662.27 | 7.52% | -0.64% | |
| Fixed assets | 191,477,026.08 | 28.43% | 193,605,444.53 | 30.84% | -2.41% | |
| Construction in
process | 740,000.00 | 0.11% | 740,000.00 | 0.12% | -0.01% | |
| Short-term
loans | 51,089,579.00 | 7.59% | 12,527,808.00 | 2.00% | 5.59% | Loans increased in the period |
| Contractual
liabilities | 765,555.97 | 0.11% | 287,140.66 | 0.05% | 0.06% | |
| Long-term
loans | 61,000,000.00 | 9.06% | 61,000,000.00 | 9.72% | -0.66% | |
| Monetary fund | 42,990,989.02 | Security deposit |
| Fixed assets | 12,375,571.51 | Collateral for borrowing |
| Intangible assets | 6,752,967.68 | Collateral for borrowing |
| Disposal of fixed assets | 92,857,471.69 | Court seizure |
| Investment real estate | 11,503,400.02 | Collateral for borrowing |
| Total | 166,480,399.92 | |
VI. Investment analysis
1. Overall situation
□ Applicable √ Not applicable
2. The major equity investment obtained in the reporting period □ Applicable √ Not applicable
3. The major non-equity investment doing in the reporting period □ Applicable √ Not applicable
4. Financial assets investment
(1) Securities investment
□ Applicable √ Not applicable
The Company has no securities investment in the Period.
(2) Derivative investment
□ Applicable √ Not applicable
The Company has no derivatives investment in the Period.
| Company
name | Type | Main
business | Register
capital | Total
assets | Net assets | Operating
revenue | Operatin
g profit | Net profit |
| Hengfa
Technolog
y Company | Subsidiary | R&D,
production
and sales
of the
products as
well as
export
business | 181,643,11
1.00 | 517,551,00
0.92 | 227,012,99
6.37 | 366,572,80
9.91 | 887,707.
92 | 813,963.14 |
| HUAFA
Property
Company | Subsidiary | Leasing
and
manageme
nt of own
property | 1,000,000.
00 | 6,324,584.
38 | 421,786.50 | 2,914,794.
33 | 1,253,72
7.86 | 1,043,626.48 |
Particular about subsidiaries obtained or disposed in report period □Applicable √ Not applicable
Explanation of main holding company and stock-jointly companies Nil
IX. Structured vehicle controlled by the Company
□ Applicable √Not applicable
X. Risks and countermeasures
(1) Business analysis
SEMI-ANNUAL REPORT 2021
Wuhan Hengfa Technology, as an important subsidiary of the company, is faced with increasing pressure under the
influence of intensifying market competition and tight supply of raw and auxiliary materials and other factors, the
key to solve the dilemma is to upgrade technology, enhance the added value of technology, and improve
profitability; In the context of downstream consumer demand upgrading, it improves production efficiency by
increasing the research and development of new products, adjusting and improving the product structure, and
improving the production process; At the same time, it expands upstream supply channels of raw and auxiliary
materials to avoid material shortage affecting production.
For a certain period of time, property leasing is still another important business for the development of the
company. Making full use of the self-owned property to provide operation, leasing and service businesses will
bring a certain contribution to the company's cash flow. After the gradual implementation of the urban renewal
project, it will bring long-term and stable sources of income for the company.
(2) Business plan
◆Industrial Business Upgrade
The epidemic of COVID-19 is not over yet, and all colleagues in the company continued to work hard to serve
existing customers, vigorously expanded the market, and gained more market share; Meanwhile, the Company
will intensify the development of raw & auxiliary materials suppliers in shortage within the market, try to avoid
the negative impact of upstream material shortage on the Company’s production. On the basis of maintaining
customers, actively looked for high-quality technology projects in consumer electronics, and gradually realized
industrial upgrading through technology optimization and management optimization; at the same time, it
strengthened management, improved production efficiency, improved product quality, and made full use of the
geographical advantages of the company to make the business bigger and stronger.
◆Promote the urban renewal project
Speed up the promotion of renewal unit project of Huafa District, Gongming Street, Guangming New District,
Shenzhen and the renewal project renovation progress of Huafa Building, Huaqiang North Street, Futian District,
Shenzhen, accelerate the settlement of project procedures, and strive to make stage progress as early as possible.
◆Continue to focus on strengthening the company’s internal control In 2021, the company will further optimize the corporate governance structure and improve the internal control
system and process and strictly implement and improve the executive ability of relevant system in accordance
with the governance requirements of listed companies, the company’s management and relevant departments will
execute the administrative provisions for approval procedures of fund utilizing, management system of related
transactions, working system of internal audit, internal reporting system of major information in strict accordance
with the requirements of internal control documents.
| Session of meeting | Type | Ratio of investor
participation | Date | Date of
disclosure | Resolutions |
| Annual General
Meeting of 2020 | AGM | 48.98% | 20 May 2021 | 21 May 2021 | Juchao
Website(http://www.cninfo.com.cn/new/
disclosure/detail?plate=szse&org
Id=gssz0000020&stockCode=00
0020&announcementId=120784
5176&announcementTime=2020
-05-22) |
2. Request for extraordinary general meeting by preferred stockholders whose voting rights restore □ Applicable √ Not applicable
II. Changes of directors, supervisors and senior executives □ Applicable √ Not applicable
Directors, supervisors and senior executives of the Company has no changes during the reporting period, found more in the Annual
Report of 2020.
III. Profit distribution plan and capitalizing of common reserves plan for the Period □ Applicable √ Not applicable
The Company has no plans of cash dividend distributed, no bonus shares and has no share converted from capital reserve either for
the midterm.
IV. Implementation of the company’s stock incentive plan, employee stock ownership plan or other employee incentives
□ Applicable √ Not applicable
The Company had no stock incentive plan, employee stock ownership plan or other employee incentive in the reporting period.
| The company or
subsidiary | Reasons for
penalty | Violations | Penalty results | Impact on the
production &
operation of listed
company | Corrective
measures |
| N/A | N/A | N/A | N/A | N/A | N/A |
Other environmental information disclosed with reference to the key emission units N/A
Reasons for not disclosed other environmental information
N/A
II. Social responsibility
Not applicable
SEMI-ANNUAL REPORT 2021
Section VI. Important Matters
I. Commitments that the actual controller, shareholders, related party, offeror and committed party as the
Company etc. have fulfilled during the reporting period and have not yet fulfilled by the end of reporting
period
□Applicable √Not applicable
During the reporting period of the company, there are no commitments made by the actual controller, shareholders, related parties,
purchasers and the company that have been completed in the reporting period or have not been completed by the end of the reporting
period.
II. Non-operational fund occupation from controlling shareholders and its related party □ Applicable √ Not applicable
No non-operational fund occupation from controlling shareholders and its related party in period. III. Guarantee outside against the regulation
□Applicable √Not applicable
No guarantee outside against the regulation in Period.
IV. Appointment and non-reappointment (dismissal) of CPA
Whether the financial report has been audited or not
□Yes √no
The company's semi-annual report has not been audited.
V. Explanation from Board of Directors and Supervisory Committee for “Qualified Opinion” that issued by CPA
□ Applicable √Not applicable
VI. Explanation from the Board for “Qualified Opinion” of last year’s □ Applicable √Not applicable
VII. Bankruptcy reorganization
□ Applicable √Not applicable
No bankruptcy reorganization for the Company in reporting period
| The basic
situation of
litigation
(Arbitration) | Amoun
t of
money
involve
d (in 10
thousan
d Yuan) | Predicte
d
liabiliti
es
(Y/N) | Advances in
litigation
(Arbitration) | The results
and effects
of litigation
(Arbitration
) | Execution of the
litigation
(Arbitration) | Disclosure
date | Disclosure index |
| In September
2016, Wuhan
Zhongheng
Group Co.,
Ltd. and the
Company
and
Shenzhen
Vanke were
applied for
arbitration
due to the
dispute case
of “Contract
for the
Cooperative
Operation of
the Old
Projects at
Huafa
Industrial
Park,
Gongming
Street,
Guangming
New
District”. | 46,460 | No | Ruling on 16
August
2017; put
forward the
application
for
dismantling
by the
Company
and
controlling
shareholder,
the
application
was rejected
by the court | Found more
in
announcem
ent of the
Company | In September
2018, Shenzhen
Vanke applied for
compulsory
execution. In
October 2019, due
to the outsider's
application of
"objection to
execution" and
"non-enforcement
", the execution
procedure was
terminated. If the
outsider's
application was
rejected by the
Shenzhen
Intermediate
People’s Court,
Shenzhen Vanke
would have the
right to continue
to apply for the
resumption of
compulsory
execution. | 2018-02-0
9 | http://www.cninfo.com
.cn/cninfo-new/disclos
ure/szse_main/bulletin
_detail/true/12044066
06?announceTime=20
18-02-09 ；
http://www.cninfo.com
.cn/new/disclosure/det
ail?plate=szse&stockC
ode=000020&announc
ementId=1205326846
&announcementTime=
2018-08-25 |
| In March
2016, the
Company
and HUAFA
Property suit | 947.26 | No | The second
trial decides
the
Company
wins the | Execution
completed | Execution
completed in
March 2021 | 2016-09-1
4 | http://www.cninfo.com
.cn/cninfo-new/disclos
ure/szse_main/bulletin
_detail/true/12027024
23?announceTime=20 |
| against
Shenzhen
Huayongxing
Environment
al
Technology
Co., Ltd.,
and
Shenzhen
Yidaxin
Technology
Co., Ltd. for
contract
violation and
refuse to
move the site | | | lawsuit on
15 March
2018, and
has applied
for
enforcement | | | | 16-09-14 07:41 |
| Application
for
arbitration in
case of
contract
dispute
between the
V&T
(Shenzhen)
Law Firm
and
Shenzhen
Zhongheng
Huafa Co.,
Ltd. and
Wuhan
Zhongheng
Group | 1,940.2 | No | Arbitration
has been
heard for
adjudication | A decision
was issued
and the
Company’s
motion to
dismiss was
denied. | Under
implementation | 2018-11-1
4 | http://www.cninfo.com
.cn/new/disclosure/det
ail?plate=szse&stockC
ode=000020&announc
ementId=1205602053
&announcementTime=
2018-11-14 |
| Shenzhen
Zhongheng
Huafa
Semiconduct
or Co., Ltd
bring a suit
against
Shenzhen
Zhongheng
Huafa Co., | 5,200 | No | The
judgment
(2020) Yue
03 Min Chu
No.17 was
issued in
May 2021,
all claims of
Semiconduct
or Company | Semiconduc
tor
Company
has filed an
appeal | Trial in progress | 2021-06-0
3 | http://www.cninfo.com
.cn/new/disclosure/det
ail?stockCode=000020
&announcementId=12
10151395&orgId=gssz
0000020&announcem
entTime=2021-06-03 |
| Ltd for the
ownership
transfer,
performance
of asset
replacement
contract and
compensatio
n | | | were
rejected | | | | |
Other lawsuits （未完）
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