[三季报]深物业B(200011):2023年第三季度报告(英文)

时间:2023年10月29日 16:21:57 中财网

原标题:深物业B:2023年第三季度报告(英文)

Stock Code: 000011, 200011 Stock Name: PRD, PRD-B Announcement No. 2023-23
SHENZHEN PROPERTIES & RESOURCES DEVELOPMENT
(GROUP) LTD.
THIRD QUARTERLY REPORT 2023
ShenZhen Properties & Resources Development (Group) Ltd. (hereinafter referred to as the “Company”) and all the members of the Company’s Board of Directors hereby guarantee that the contents of this Report are true, accurate and complete and free of any misrepresentations, misleading statements or material omissions.Important Notes:
1. The Board of Directors, the Supervisory Committee as well as the directors, supervisors and senior management of the Company
hereby guarantee that the contents of this Report are true, accurate and complete and free of any misrepresentations, misleading
statements or material omissions, and collectively and individually accept legal responsibility for such contents.
2. The Company’s legal representative, head of financial affairs, and head of the financial department (equivalent to financial
manager) hereby guarantee that the financial statements carried in this Report are true, accurate and complete.
3. Indicate whether the financial statements in this Report have been audited by an independent auditor.
□Yes ? No
I Key Financial Information
(I) Key Accounting Data and Financial Indicators
Indicate whether there is any retrospectively restated datum in the table below. □Yes ? No

 Q3 2023YoY change (%)Q1-Q3 2023YoY change (%)
Operating revenue (RMB)521,861,580.85-54.70%2,427,326,213.70-22.70%
Net profit attributable to the listed company’s shareholders (RMB)10,448,055.65-94.90%231,351,500.28-49.24%
Net profit attributable to the listed company’s shareholders before exceptional gains and losses (RMB)11,244,393.64-93.93%232,089,104.78-47.47%
Net cash generated from/used in operating activities (RMB)-939,639,052.92-2,237.74%
Basic earnings per share (RMB/share)0.0175-94.90%0.3882-49.23%
Diluted earnings per share (RMB/share)0.0175-94.90%0.3882-49.23%
Weighted average return on equity (%)0.24%-4.59%5.22%-5.13%
 30 September 202331 December 2022YoY change (%) 
Total assets (RMB)15,583,445,761.1315,800,287,610.40-1.37% 
Equity attributable to the listed company’s shareholders (RMB)4,428,522,622.234,412,555,547.970.36% 

(II) Exceptional Gains and Losses
? Applicable □ Not applicable

ItemQ3 2023Q1-Q3 2023Note
Gain or loss on disposal of non-current assets (inclusive of impairment allowance write-offs)618,765.19793,144.88Gain or loss on disposal generated from early termination of leased assets
Government grants through profit or loss (exclusive of government grants continuously given in the Company’s ordinary course of business at fixed quotas or amounts as per the government’s policies and standards)124,720.00626,378.00One-time bounty received
Non-operating income and expense other than the above-2,121,078.39-2,683,694.81Reversal of non-operating income pre-recognized and forfeited lease security due to early termination of leased assets
Less: Income tax effects-320,194.33-288,524.32 
Non-controlling interests effects (net of tax)-261,060.88-238,043.11 
Total-796,337.99-737,604.50--
Other items that meet the definition of exceptional gain/loss: □Applicable ? Not applicable
No such cases in the Reporting Period.
Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed in the Explanatory Announcement
No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss Items:
□Applicable ? Not applicable
No such cases in the Reporting Period.
(III) Changes in Key Financial Statement Line Items and Explanation of why ? Applicable □ Not applicable

Balance sheet line items30 September 20231 January 2023Change (%)Main reasons for the change
Prepayments14,737,756.37100,341,806.56-85.31%Prepayment for land was transferred to development costs
Contract assets110,333,894.821,094,632.909979.53%Operating revenue was recognized
Other current assets91,791,361.0065,655,266.2739.81%Increased debit balance of reclassified tax payable
Long-term receivables0.0022,651,454.07-100.00%Early termination of finance leases
Investments in other equity instruments601,665.25887,838.64-32.23% 
Right-of-use assets24,940,810.9270,168,415.65-64.46%Early termination of lease assets
Other non-current assets6,328,448.112,750,873.08130.05%Increased prepayments for the construction and acquisition of fixed assets
Short-term borrowings90,000,000.000.00100.00%Additional short-term borrowings
Accounts payable414,725,550.43608,283,388.52-31.82%Decreased payables for engineering
Advances from customers559,960.432,260,847.31-75.23%Decreased rental advances received
Contract liabilities280,893,889.54920,828,040.81-69.50%Operating revenue was recognized
Other current liabilities18,580,606.8083,991,786.83-77.88%Operating revenue was recognized, resulting in decreased output-tax-to-be
Lease liabilities14,934,418.0177,963,283.55-80.84%Early termination of lease assets
Provisions0.00766,612.52-100.00%Lawsuit-related payments
Income statemnet line itemsQ1~Q3 2023Q1~Q3 2022Change (%)Main reasons for the change
Taxes and levies87,090,867.91686,903,783.64-87.32%Higher provisions for land value added tax in the same period of last year
Interest income11,814,704.8417,085,421.82-30.85%Decreased monetary assets in the current period
Gain on changes in fair value-117,082.19-100.00%Purchase of held-for-trading financial assets in the same period of last year
Return on investment2,711,324.32613,652.55341.83%Increased return on joint venture investments in the current period
Non-operating income907,106.276,728,363.44-86.52%Reversal of previously recognized non- operating income in the current period
Non-operating expense3,590,801.082,262,117.0758.74%Lease deposits forfeited on early termination of lease assets in the current period
Income tax expense85,692,317.44165,259,517.59-48.15%Decreased gross profit in the current period
Other comprehensive income - Changes in the fair value of investments in other equity instruments-309,668.96-108,308.41-185.91%Changes in the fair value of investments in other equity instruments
Other comprehensive income - Differences arising from the translation of foreign currency- denominated financial statements1,890,614.71-810,990.20333.12%Exchange rate fluctuations
Cash flow statement line itemsQ1~Q3 2023Q1~Q3 2022Change (%)Main reasons for the change
Net cash generated from/used in operating activities-939,639,052.92-40,194,271.40-2237.74%Decreased cash inflows in the current period
Net cash generated from/used in investing activities-5,760,386.52-282,571,107.1997.96%Payment for acquisition of equity interests in the same period of last year
Net cash generated from/used in financing activities431,226,026.33-273,052,032.11257.93%Additional bank loan in the current period

II Shareholder Information
(I) Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as well
as Holdings of Top 10 Shareholders
Unit: share

Number of ordinary shareholders at the period-end42,169Number of preferred shareholders with resumed voting rights at the period-end (if any)0   
Top 10 shareholders      
Name of shareholderNature of shareholderShareholdi ng percentageTotal shares heldRestricted shares heldShares in pledge, marked or frozen 
     StatusShares
Shenzhen Investment Holdings CorporationState-owned corporation50.57%301,414,6373,326  
Shenzhen State-Owned Equity Operation and Management Co., Ltd.Domestic non-state- owned legal person6.38%38,037,8900  
China Orient Asset Management Co., Ltd.State-owned legal person2.77%16,491,4020  
Hong Kong Securities Clearing Company Ltd.Foreign legal person0.33%1,982,7010  
Industrial and Commercial Bank of China Limited- Southern China Securities Full Index Real Estate Trading Open-ended Index Securities Investment FundOther0.30%1,794,9340  
Duan ShaotengDomestic natural person0.29%1,760,5650  
Shenzhen Duty-Free Commodity Enterprises Co., Ltd.Domestic non-state- owned legal person0.29%1,730,3001,730,300  
Yang YaochuDomestic natural person0.28%1,690,9840  
CITIC Securities Company LimitedState-owned corporation0.25%1,516,3380  
Li XinyiDomestic natural person0.25%1,500,0000  
Top 10 unrestricted shareholders      
Name of shareholderUnrestricted shares heldShares by class and number    
  ClassShares   
Shenzhen Investment Holdings Corporation301,411,311RMB- denominated ordinary stock301,411,311   
Shenzhen State-Owned Equity Operation and Management Co., Ltd.38,037,890RMB- denominated ordinary stock38,037,890   
China Orient Asset Management Co., Ltd.16,491,402RMB- denominated ordinary stock16,491,402   
Hong Kong Securities Clearing Company Ltd.1,982,701RMB- denominated ordinary stock1,982,701   
Industrial and Commercial Bank of China1,794,934RMB-1,794,934   

Limited- Southern China Securities Full Index Real Estate Trading Open-ended Index Securities Investment Fund denominated ordinary stock 
Duan Shaoteng1,760,565RMB- denominated ordinary stock1,760,565
Yang Yaochu1,690,984Domestically listed foreign stock1,690,984
CITIC Securities Company Limited1,516,338RMB- denominated ordinary stock1,516,338
Li Xinyi1,500,000RMB- denominated ordinary stock1,500,000
Mai Furong1,244,596Domestically listed foreign stock1,244,596
Related or acting-in-concert parties among the shareholders aboveThe first largest shareholder, Shenzhen Investment Holding Corporation, is the actual controlling shareholder of the Company and Shenzhen State-Owned Equity Operation and Management Co., Ltd. And the Company does not know whether there are related parties or acting-in-concert parties among the other 8 shareholders.  
Top 10 ordinary shareholders involved in securities margin trading (if any)N/A  
(II) Number of Preference Shareholders and Shareholdings of Top 10 of Them □Applicable ? Not applicable
III Other Significant Events
□Applicable ? Not applicable
IV Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by ShenZhen Properties & Resources Development (Group) Ltd.

Item30 September 20231 January 2023
Current assets:  
Monetary assets1,208,459,708.441,517,528,893.83
Settlement reserve  
Loans to other banks and financial institutions  
Held-for-trading financial assets  
Derivative financial assets  
Notes receivable  
Accounts receivable432,960,686.69419,933,915.30
Receivables financing  
Prepayments14,737,756.37100,341,806.56
Premiums receivable  
Reinsurance receivables  
Receivable reinsurance contract reserve  
Other receivables619,208,624.39639,903,523.33
Including: Interest receivable0.000.00
Dividends receivable0.000.00
Financial assets purchased under resale agreements  
Inventories11,139,345,094.6410,975,334,223.37
Contract assets110,333,894.821,094,632.90
Assets held for sale  
Current portion of non-current assets  
Other current assets91,791,361.0065,655,266.27
Total current assets13,616,837,126.3513,719,792,261.56
Non-current assets:  
Loans and advances to customers  
Debt investments  
Other debt investments  
Long-term receivables0.0022,651,454.07
Long-term equity investments82,429,641.6379,781,437.31
Investments in other equity instruments601,665.25887,838.64
Other non-current financial assets  
Investment property396,403,320.16405,762,739.18
Fixed assets69,709,976.6982,745,172.12
Construction in progress  
Productive living assets  
Oil and gas assets  
Right-of-use assets24,940,810.9270,168,415.65
Intangible assets917,941.721,269,382.91
Development costs  
Goodwill9,446,847.389,446,847.38
Long-term prepaid expense18,100,297.9521,980,602.46
Deferred income tax assets1,357,729,684.971,383,050,586.04
Other non-current assets6,328,448.112,750,873.08
Total non-current assets1,966,608,634.782,080,495,348.84
Total assets15,583,445,761.1315,800,287,610.40
Current liabilities:  
Short-term borrowings90,000,000.000.00
Borrowings from the central bank  
Loans from other banks and financial institutions  
Held-for-trading financial liabilities  
Derivative financial liabilities  
Notes payable  
Accounts payable414,725,550.43608,283,388.52
Advances from customers559,960.432,260,847.31
Contract liabilities280,893,889.54920,828,040.81
Financial assets sold under repurchase agreements  
Customer deposits and deposits from other banks and financial institutions  
Payables for acting trading of securities  
Payables for underwriting of securities  
Employee benefits payable191,921,069.09239,126,392.02
Taxes and levies payable3,939,529,509.903,917,278,346.81
Other payables1,473,500,394.311,515,085,832.45
Including: Interest payable0.000.00
Dividends payable12,202,676.0412,202,676.04
Fees and commissions payable  
Reinsurance payables  
Liabilities directly associated with assets held for sale  
Current portion of non-current liabilities218,229,185.39218,858,766.82
Other current liabilities18,580,606.8083,991,786.83
Total current liabilities6,627,940,165.897,505,713,401.57
Non-current liabilities:  
Insurance contract reserve  
Long-term borrowings4,331,879,457.183,618,782,344.00
Bonds payable  
Including: Preference shares  
Perpetual bonds  
Lease liabilities14,934,418.0177,963,283.55
Long-term payables  
Long-term employee benefits payable  
Provisions0.00766,612.52
Deferred income  
Deferred income tax liabilities174,168.87241,978.54
Other non-current liabilities128,226,648.86128,008,919.79
Total non-current liabilities4,475,214,692.923,825,763,138.40
Total liabilities11,103,154,858.8111,331,476,539.97
Owners’ equity:  
Share capital595,979,092.00595,979,092.00
Other equity instruments  
Including: Preference shares  
Perpetual bonds  
Capital reserves80,488,045.3880,488,045.38
Less: Treasury stock  
Other comprehensive income-2,273,432.20-3,854,377.95
Specific reserve  
Surplus reserves48,886,605.8148,886,605.81
General reserve  
Retained earnings3,705,442,311.243,691,056,182.73
Total equity attributable to owners of the Company as the parent4,428,522,622.234,412,555,547.97
Non-controlling interests51,768,280.0956,255,522.46
Total owners’ equity4,480,290,902.324,468,811,070.43
Total liabilities and owners’ equity15,583,445,761.1315,800,287,610.40
Legal representative: Liu Shengxiang Head of financial affairs: Cai Lili
Head of the financial department: Liu Qiang
2. Consolidated Income Statement for Q1~Q3
Unit: RMB

ItemQ1~Q3 2023Q1~Q3 2022
1. Revenues2,427,326,213.703,140,295,994.52
Including: Operating revenue2,427,326,213.703,140,295,994.52
Interest income  
Insurance premium income  
Fee and commission income  
2. Costs and expenses2,110,887,625.762,533,140,929.95
Including: Cost of sales1,747,100,763.881,571,679,030.25
Interest expense  
Fee and commission expense  
Surrenders  
Net insurance claims paid  
Net amount provided as insurance contract reserve  
Expenditure on policy dividends  
Reinsurance premium expense  
Taxes and levies87,090,867.91686,903,783.64
Selling expense25,371,890.2322,161,928.56
Administrative expense211,898,457.07210,271,281.59
Development costs3,407,038.924,159,726.32
Finance costs36,018,607.7537,965,179.59
Including: Interest expense45,973,455.3254,523,243.45
Interest income11,814,704.8417,085,421.82
Add: Other income9,328,789.6011,919,911.57
Return on investment (“-” for loss)2,711,324.32613,652.55
Including: Share of profit or loss of joint ventures and associates2,711,324.32621,145.49
Income from the derecognition of financial assets at amortized cost (“-” for loss)  
Exchange gain (“-” for loss)  
Net gain on exposure hedges (“-” for loss)  
Gain on changes in fair value (“-” for loss)0.00117,082.19
Credit impairment loss (“-” for loss)-13,788,622.51-14,254,357.26
Asset impairment loss (“-” for loss)2,045.93-753,565.10
Asset disposal income (“-” for loss)793,144.88-40,143.31
3. Operating profit (“-” for loss)315,485,270.16604,757,645.21
Add: Non-operating income907,106.276,728,363.44
Less: Non-operating expense3,590,801.082,262,117.07
4. Gross profit (“-” for loss)312,801,575.35609,223,891.58
Less: Income tax expense85,692,317.44165,259,517.59
5. Net profit (“-” for net loss)227,109,257.91443,964,373.99
5.1 By operating continuity  
5.1.1 Net profit from continuing operations (“-” for net loss)227,047,902.08443,964,373.99
5.1.2 Net profit from discontinued operations (“-” for net loss)61,355.830.00
5.2 By ownership  
5.2.1 Net profit attributable to shareholders of the Company as the parent (“-” for net loss)231,351,500.28455,745,222.66
5.2.2 Net profit attributable to non- controlling interests (“-” for net loss)-4,242,242.37-11,780,848.67
6. Other comprehensive income, net of tax1,580,945.75-919,298.61
Attributable to owners of the Company as the parent1,580,945.75-919,298.61
6.1 Items that will not be reclassified to profit or loss-309,668.96-108,308.41
6.1.1 Changes caused by remeasurements on defined benefit schemes  
6.1.2 Other comprehensive income that will not be reclassified to profit or loss under the equity method  
6.1.3 Changes in the fair value of investments in other equity instruments-309,668.96-108,308.41
6.1.4 Changes in the fair value arising from changes in own credit risk  
6.1.5 Other  
6.2 Items that will be reclassified to profit or loss1,890,614.71-810,990.20
6.2.1 Other comprehensive income that will be reclassified to profit or loss under the equity method  
6.2.2 Changes in the fair value of other debt investments  
6.2.3 Other comprehensive income arising from the reclassification of financial assets  
6.2.4 Credit impairment allowance for other debt investments  
6.2.5 Reserve for cash flow hedges  
6.2.6 Differences arising from the translation of foreign currency- denominated financial statements1,890,614.71-810,990.20
6.2.7 Other  
Attributable to non-controlling interests0.000.00
7. Total comprehensive income228,690,203.66443,045,075.38
7.1 Attributable to owners of the Company as the parent232,932,446.03454,825,924.05
7.2 Attributable to non-controlling-4,242,242.37-11,780,848.67
interests  
8. Earnings per share  
8.1 Basic earnings per share0.38820.7647
8.2 Diluted earnings per share0.38820.7647
Where business combinations under common control occurred in the current period, the net profit achieved by the acquirees before
the combinations was RMB , with the amount for the same period of last year being RMB . Legal representative: Liu Shengxiang Head of financial affairs: Cai Lili
Head of the financial department: Liu Qiang
3. Consolidated Cash Flow Statement for Q1~Q3

ItemQ1~Q3 2023Q1~Q3 2022
1. Cash flows from operating activities:  
Proceeds from sale of commodities and rendering of services1,722,297,276.092,452,112,485.68
Net increase in customer deposits and deposits from other banks and financial institutions  
Net increase in borrowings from the central bank  
Net increase in loans from other financial institutions  
Premiums received on original insurance contracts  
Net proceeds from reinsurance  
Net increase in deposits and investments of policy holders  
Interest, fees and commissions received  
Net increase in loans from other banks and financial institutions  
Net increase in proceeds from repurchase transactions  
Net proceeds from acting trading of securities  
Tax and levy rebates14,416,704.3310,245,107.61
Cash generated from other operating activities240,994,365.071,003,380,006.44
Subtotal of cash generated from operating activities1,977,708,345.493,465,737,599.73
Payments for commodities and services1,746,506,968.562,080,004,618.42
Net increase in loans and advances to customers  
Net increase in deposits in the central bank and other banks and financial institutions  
Payments for claims on original insurance contracts  
Net increase in loans to other banks and financial institutions  
Interest, fees and commissions paid  
Policy dividends paid  
Cash paid to and for employees723,393,519.67723,775,712.61
Taxes and levies paid224,226,839.66481,776,111.23
Cash used in other operating activities223,220,070.52220,375,428.87
Subtotal of cash used in operating activities2,917,347,398.413,505,931,871.13
Net cash generated from/used in operating activities-939,639,052.92-40,194,271.40
2. Cash flows from investing activities:  
Proceeds from disinvestment  
Return on investment63,120.00 
Net proceeds from the disposal of fixed assets, intangible assets and other long- lived assets78,255.5234,519.84
Net proceeds from the disposal of subsidiaries and other business units  
Cash generated from other investing activities  
Subtotal of cash generated from investing activities141,375.5234,519.84
Payments for the acquisition of fixed assets, intangible assets and other long- lived assets4,084,842.4811,116,125.41
Payments for investments1,816,919.56271,489,501.62
Net increase in pledged loans granted  
Net payments for the acquisition of subsidiaries and other business units  
Cash used in other investing activities  
Subtotal of cash used in investing activities5,901,762.04282,605,627.03
Net cash generated from/used in investing activities-5,760,386.52-282,571,107.19
3. Cash flows from financing activities:  
Capital contributions received0.0019,760,000.00
Including: Capital contributions by non-controlling interests to subsidiaries0.0019,760,000.00
Borrowings received841,843,775.18286,832,330.00
Cash generated from other financing activities  
Subtotal of cash generated from financing activities841,843,775.18306,592,330.00
Repayment of borrowings32,326,662.0030,900,000.00
Interest and dividends paid357,864,492.62547,401,912.61
Including: Dividends paid by subsidiaries to non-controlling interests  
Cash used in other financing activities20,426,594.231,342,449.50
Subtotal of cash used in financing activities410,617,748.85579,644,362.11
Net cash generated from/used in financing activities431,226,026.33-273,052,032.11
4. Effect of foreign exchange rates changes on cash and cash equivalents1,642,658.545,698,247.23
5. Net increase in cash and cash equivalents-512,530,754.57-590,119,163.47
Add: Cash and cash equivalents, beginning of the period1,509,693,857.481,963,988,756.69
6. Cash and cash equivalents, end of the period997,163,102.911,373,869,593.22
(II) Adjustments to Financial Statement Items at the Beginning of the Year of the First Implementation (未完)
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