[三季报]深物业B(200011):2024年第三季度报告(英文)
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时间:2024年10月31日 00:01:21 中财网 |
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原标题: 深物业B:2024年第三季度报告(英文)
Stock Code: 000011, 200011 Stock Name: PRD, PRD-B Announcement No. 2024-48
SHENZHEN PROPERTIES & RESOURCES DEVELOPMENT
(GROUP) LTD.
THIRD QUARTERLY REPORT 2024
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 2024 | YoY change (%) | Q1-Q3 2024 | YoY change (%) | Operating revenue (RMB) | 461,778,206.82 | -11.51% | 1,317,806,652.07 | -45.71% | Net profit attributable to the
listed company’s shareholders
(RMB) | -5,631,440.84 | -153.90% | 3,581,016.97 | -98.45% | Net profit attributable to the
listed company’s shareholders
before exceptional gains and
losses (RMB) | -2,115,855.29 | -118.82% | 7,623,172.68 | -96.72% | Net cash generated from/used
in operating activities (RMB) | — | — | -1,752,947,755.94 | -86.56% | Basic earnings per share
(RMB/share) | -0.0094 | -153.90% | 0.0060 | -98.45% | Diluted earnings per share
(RMB/share) | -0.0094 | -153.90% | 0.0060 | -98.45% | Weighted average return on
equity (%) | -0.13% | -0.37% | 0.08% | -5.14% | | 30 September 2024 | 31 December 2023 | YoY change (%) | | Total assets (RMB) | 16,116,648,356.93 | 16,988,062,068.09 | -5.13% | | Equity attributable to the
listed company’s shareholders | 4,478,948,594.89 | 4,661,810,328.75 | -3.92% | |
(II) Exceptional Gains and Losses
? Applicable □ Not applicable
Unit: RMB
Item | Q3 2024 | Q1-Q3 2024 | Note | Gain or loss on disposal of
non-current assets (inclusive
of impairment allowance
write-offs) | -4,662.27 | 21,393.70 | | Government grants
recognised in profit or loss
(exclusive of those that are
closely related to the
Company's normal business
operations and given in
accordance with defined
criteria and in compliance
with government policies, and
have a continuing impact on
the Company's profit or loss) | 100,000.00 | 344,448.00 | One-time government grants
received | Non-operating income and
expense other than the above | -4,331,440.37 | -4,288,762.26 | Payment of compensation | Other items that meet the
definition of exceptional
gain/loss | 19,035.81 | -834,439.22 | Adjustment of the VAT
deduction accrued in the
previous year | Less: Income tax effects | -707,263.75 | -871,750.65 | | Non-controlling
interests effects (net of tax) | 5,782.48 | 156,546.58 | | Total | -3,515,585.56 | -4,042,155.71 | -- |
Other items that meet the definition of exceptional gain/loss: ? Applicable □ Not applicable
Since the VAT deduction preferential policy is valid until 31 December 2023, and this benefit does not have a continuing impact
on the Company’s profit or loss, the adjustment to this matter in 2024 based on the actual number of declaration is included in
exceptional gain/loss.
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
items | 30 September 2024 | 1 January 2024 | Change
(%) | Main reasons for the change | Monetary
assets | 1,170,874,731.75 | 2,748,798,476.72 | -57.40% | Repayment of maturing borrowings, payment of dividends and
taxes | Construction
in progress | 20,276,462.77 | 0.00 | 100.00% | | Short-term
borrowings | 140,043,375.00 | 230,915,000.00 | -39.35% | Repayment of short-term borrowings | Accounts
payable | 326,460,550.08 | 662,869,059.59 | -50.75% | Decreased payables for engineering | Advances
from
customers | 432,097.72 | 2,265,223.56 | -80.92% | Decreased rental advances received | Income
statemnet
line items | Q1~Q3 2024 | Q1~Q3 2023 | Change
(%) | Main reasons for the change | Operating
revenue | 1,317,806,652.07 | 2,427,326,213.70 | -45.71% | Decreased real estate income carry-over in the current period | Cost of sales | 1,051,029,215.22 | 1,747,100,763.88 | -39.84% | Decreased real estate cost carry-over in the current period | Taxes and
levies | 17,723,090.04 | 87,090,867.91 | -79.65% | Higher provisions for land value added tax in the same period of
last year | Selling
expense | 14,719,330.07 | 25,371,890.23 | -41.99% | Decreased payment of sales agency fees in the current period | Finance
costs | 25,895,734.20 | 36,018,607.75 | -28.10% | Increased interest income in the current period | Other
income | 3,084,106.20 | 9,328,789.60 | -66.94% | Decreased VAT deduction in the current period | Return on
investment | 54,220.87 | 2,711,324.32 | -98.00% | Decreased return on joint venture investments in the current
period | Non-
operating
expense | 5,081,894.89 | 3,590,801.08 | 41.53% | Increased payment of compensation in the current period | Income tax
expense | 1,220,320.38 | 85,692,317.44 | -98.58% | Decreased gross profit in the current period | Other
comprehensi
ve income -
Changes in
the fair
value of
investments
in other
equity
instruments | -187,279.28 | -309,668.96 | 39.52% | Changes in the fair value of investments in other equity
instruments | Other
comprehensi
ve income -
Differences
arising from
the
translation
of foreign
currency-
denominated
financial
statements | -309,994.85 | 1,890,614.71 | -116.40% | Exchange rate fluctuations | Cash flow
statement
line items | Q1~Q3 2024 | Q1~Q3 2023 | Change
(%) | Main reasons for the change | Net cash
generated
from/used in
operating
activities | -1,752,947,755.94 | -939,639,052.92 | -86.56% | Decreased cash inflows and increased payment of taxes in the
current period | Net cash
generated | 189,441,247.34 | 431,226,026.33 | -56.07% | Decreased new bank loans and increased repayment of maturing
borrowings in the current period |
from/used in
financing
activities | | | |
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-end | 40,688 | Number of preferred shareholders with resumed
voting rights at the period-end (if any) | 0 | | | | Top 10 shareholders (exclusive of shares lent in refinancing) | | | | | | | Name of shareholder | Nature of
shareholder | Shareholdin
g percentage | Total shares
held | Restricted
shares held | Shares in pledge, marked or frozen | | | | | | | Status | Shares | Shenzhen Investment
Holdings Corporation | State-owned
corporation | 50.87% | 303,144,937.00 | 1,733,626 | N/A | 0 | Shenzhen State-
Owned Equity
Operation and
Management Co., Ltd. | Domestic
non-state-
owned legal
person | 6.38% | 38,037,890.00 | 0.00 | N/A | 0 | China Orient Asset
Management Co., Ltd. | State-owned
legal person | 2.77% | 16,491,402.00 | 0.00 | N/A | 0 | Industrial and
Commercial Bank of
China Limited -
Southern China
Securities Full Index
Real Estate Trading
Open-ended Index
Securities Investment
Fund | Other | 0.50% | 2,996,834.00 | 0.00 | N/A | 0 | Hong Kong Securities
Clearing Company
Ltd. | Foreign
legal person | 0.43% | 2,538,542.00 | 0.00 | N/A | 0 | Yang Yaochu | Domestic
natural
person | 0.33% | 1,970,484.00 | 0.00 | N/A | 0 | Duan Shaoteng | Domestic
natural
person | 0.30% | 1,760,565.00 | 0.00 | N/A | 0 | Li Xinyi | Domestic
natural
person | 0.25% | 1,500,000.00 | 0.00 | N/A | 0 | Mai Furong | Domestic
natural
person | 0.21% | 1,248,596.00 | 0.00 | N/A | 0 | China Universal Asset
Management Co.,
Ltd.-Social Security
Fund 1103 Portfolio | Other | 0.21% | 1,229,200.00 | 0.00 | N/A | 0 | Top 10 unrestricted shareholders (exclusive of shares lent in refinancing and locked shares of executives) | | | | | | | Name of shareholder | Unrestricted shares held | Shares by class and number | | | | | | | Class | Shares | | | | Shenzhen Investment Holdings
Corporation | 301,411,311.00 | RMB-
denominated
ordinary stock | 301,411,311.00 | | | | Shenzhen State-Owned Equity | 38,037,890.00 | RMB- | 38,037,890.00 | | | |
Operation and Management Co., Ltd. | | denominated
ordinary stock | | China Orient Asset Management Co.,
Ltd. | 16,491,402.00 | RMB-
denominated
ordinary stock | 16,491,402.00 | Industrial and Commercial Bank of
China Limited- Southern China
Securities Full Index Real Estate
Trading Open-ended Index Securities
Investment Fund | 2,996,834.00 | RMB-
denominated
ordinary stock | 2,996,834.00 | Hong Kong Securities Clearing
Company Ltd. | 2,538,542.00 | RMB-
denominated
ordinary stock | 2,538,542.00 | Yang Yaochu | 1,970,484.00 | Domestically
listed foreign
stock | 1,970,484.00 | Duan Shaoteng | 1,760,565.00 | RMB-
denominated
ordinary stock | 1,760,565.00 | Li Xinyi | 1,500,000.00 | RMB-
denominated
ordinary stock | 1,500,000.00 | Mai Furong | 1,248,596.00 | Domestically
listed foreign
stock | 1,248,596.00 | China Universal Asset Management
Co., Ltd.-Social Security Fund 1103
Portfolio | 1,229,200.00 | RMB-
denominated
ordinary stock | 1,229,200.00 | Related or acting-in-concert parties among the
shareholders above | The 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) | At the end of the Reporting Period, among above shareholders, Duan
Shaoteng held 1,760,565 shares in the Company via his credit securities
account. | | |
5% or greater shareholders, top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing shares lending
□Applicable ? Not applicable
Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares lending/return compared with th e
prior period
□Applicable ? Not applicable
(II) Number of Preference Shareholders and Shareholdings of Top 10 of Them □Applicable ? Not applicable
III Other Significant Events
? Applicable □ Not applicable
(I) Matters concerning the application of the controlling shareholder of the Company to change the commitment to avoid
horizontal competition
During the Reporting Period, the Company received the Letter on Changing the Commitment to Avoid Horizontal Competition
from its controlling shareholder Shenzhen Investment Holdings Co., Ltd. (“SIHC”), which applied for a change of the
th th
commitment to avoid horizontal competition. This matter was reviewed and approved at the 29 Meeting of the 10 Board of
th th nd
Directors and the 24 Meeting of the 10 Supervisory Committee on 30 September 2024, and voted on and approved at the 2
Extraordinary General Meeting of 2024. For more details, please refer to the Announcement on the Application of the Controlling
Shareholder of the Company to Change the Commitment to Avoid Horizontal Competition (Announcement No.: 2024-40) and the
nd
Announcement on Resolutions of the 2 Extraordinary General Meeting of 2024 (Announcement No.: 2024-47) disclosed by the
Company respectively on 30 September 2024 and 19 October 2024. (II) Matters concerning the change of independent directors of the Company During the Reporting Period, Mr. Mei Yonghong, an independent director of the Company, having served as an independent
director of the Company for six consecutive years, applied for resignation as an independent director and other functions in the
relevant special committee of the Board of Directors in accordance with the Measures for the Administration of Independent
Directors of Listed Companies and other laws and regulations and the Articles of Association of the Company in respect of the
term service of independent directors, and will no longer serve in any position of the Company after his resignation. In accordance
th th
with the provisions of the Articles of Association of the Company, the Company held the 29 Meeting of the 10 Board of
nd
Directors and the 2 Extraordinary General Meeting of 2024 respectively on 30 September 2024 and 18 October 2024, to elect Mr.
Song Shaohua as an independent director of the Company, with a term of office commencing from the date of the election at the
th
general meeting of the Company to the date of expiry of the term of office of the 10 Board of Directors of the Company. For
more details, please refer to the Announcement on the Proposed Appointment of Independent Director of the Company
nd
(Announcement No.: 2024-41) and the Announcement on Resolutions of the 2 Extraordinary General Meeting of 2024
(Announcement No.: 2024-47) disclosed by the Company on Cninfo respectively on 30 September 2024 and 19 October 2024.
IV Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by ShenZhen Properties & Resources Development (Group) Ltd.
Unit: RMB
Item | 30 September 2024 | 1 January 2024 | Current assets: | | | Monetary assets | 1,170,874,731.75 | 2,748,798,476.72 | Settlement reserve | | | Loans to other banks and financial
institutions | | | Held-for-trading financial assets | | | Derivative financial assets | | | Notes receivable | 0.00 | 0.00 | Accounts receivable | 573,078,564.98 | 502,806,453.88 | Receivables financing | | | Prepayments | 10,550,677.00 | 11,983,086.35 | Premiums receivable | | | Reinsurance receivables | | | Receivable reinsurance contract reserve | | | Other receivables | 610,702,450.97 | 624,394,372.82 | Including: Interest receivable | 0.00 | 0.00 | Dividends receivable | 0.00 | 0.00 | Financial assets purchased under resale
agreements | | | Inventories | 11,731,778,948.91 | 11,098,209,095.74 | Including: Data resource | | | Contract assets | 679,507.91 | 844,485.57 | Assets held for sale | | | Current portion of non-current assets | | | Other current assets | 153,487,198.41 | 127,774,825.51 | Total current assets | 14,251,152,079.93 | 15,114,810,796.59 | Non-current assets: | | | Loans and advances to customers | | | Debt investments | | | Other debt investments | | | Long-term receivables | 0.00 | 0.00 | Long-term equity investments | 84,018,516.40 | 84,057,750.55 | Investments in other equity instruments | 453,691.24 | 636,926.20 | Other non-current financial assets | | | Investment property | 342,288,348.42 | 386,810,800.47 | Fixed assets | 55,421,604.23 | 66,436,408.90 | Construction in progress | 20,276,462.77 | | Productive living assets | | | Oil and gas assets | | | Right-of-use assets | 17,708,439.82 | 23,516,796.22 | Intangible assets | 663,400.98 | 889,801.14 | Including: Data resource | | | Development costs | | | Including: Data resource | | | Goodwill | 9,446,847.38 | 9,446,847.38 | Long-term prepaid expense | 23,862,981.50 | 21,510,397.88 | Deferred income tax assets | 1,307,238,731.54 | 1,276,440,386.83 | Other non-current assets | 4,117,252.72 | 3,505,155.93 | Total non-current assets | 1,865,496,277.00 | 1,873,251,271.50 | Total assets | 16,116,648,356.93 | 16,988,062,068.09 | Current liabilities: | | | Short-term borrowings | 140,043,375.00 | 230,915,000.00 | Borrowings from the central bank | | | Loans from other banks and financial
institutions | | | Held-for-trading financial liabilities | | | Derivative financial liabilities | | | Notes payable | | | Accounts payable | 326,460,550.08 | 662,869,059.59 | Advances from customers | 432,097.72 | 2,265,223.56 | Contract liabilities | 848,861,366.40 | 820,424,953.42 | 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 payable | 176,800,027.17 | 218,786,111.78 | Taxes and levies payable | 3,141,139,402.05 | 4,026,957,347.94 | Other payables | 1,231,829,931.53 | 1,217,303,294.25 | Including: Interest payable | 0.00 | 0.00 | Dividends payable | 12,202,676.04 | 12,202,676.04 | Fees and commissions payable | | | Reinsurance payables | | | Liabilities directly associated with
assets held for sale | | | Current portion of non-current
liabilities | 3,463,584,975.13 | 3,092,324,853.07 | Other current liabilities | 70,650,676.87 | 68,373,661.13 | Total current liabilities | 9,399,802,401.95 | 10,340,219,504.74 | Non-current liabilities: | | | Insurance contract reserve | | | Long-term borrowings | 1,664,017,417.81 | 1,399,889,274.47 | Bonds payable | | | Including: Preference shares | | | Perpetual bonds | | | Lease liabilities | 11,579,700.91 | 10,571,092.27 | Long-term payables | 399,799,725.00 | 400,105,655.56 | Long-term employee benefits payable | 0.00 | 0.00 | Provisions | 650,000.00 | 650,000.00 | Deferred income | 0.00 | 0.00 | Deferred income tax liabilities | 4,223,623.41 | 5,862,279.70 | Other non-current liabilities | 125,794,473.92 | 127,039,225.54 | Total non-current liabilities | 2,206,064,941.05 | 1,944,117,527.54 | Total liabilities | 11,605,867,343.00 | 12,284,337,032.28 | Owners’ equity: | | | Share capital | 595,979,092.00 | 595,979,092.00 | Other equity instruments | | | Including: Preference shares | | | Perpetual bonds | | | Capital reserves | 80,488,045.38 | 80,488,045.38 | Less: Treasury stock | 0.00 | 0.00 | Other comprehensive income | -3,849,612.01 | -3,352,337.88 | Specific reserve | | | Surplus reserves | 116,108,727.08 | 116,108,727.08 | General reserve | | | Retained earnings | 3,690,222,342.44 | 3,872,586,802.17 | Total equity attributable to owners of the
Company as the parent | 4,478,948,594.89 | 4,661,810,328.75 | Non-controlling interests | 31,832,419.04 | 41,914,707.06 | Total owners’ equity | 4,510,781,013.93 | 4,703,725,035.81 | Total liabilities and owners’ equity | 16,116,648,356.93 | 16,988,062,068.09 |
Legal representative: Liu Shengxiang Head of financial affairs: Cai Lili
Head of the financial department: Cai Kelin
2. Consolidated Income Statement for Q1~Q3
Unit: RMB
Item | Q1~Q3 2024 | Q1~Q3 2023 | 1. Revenues | 1,317,806,652.07 | 2,427,326,213.70 | Including: Operating revenue | 1,317,806,652.07 | 2,427,326,213.70 | Interest income | | | Insurance premium income | | | Fee and commission
income | | | 2. Costs and expenses | 1,303,226,108.88 | 2,110,887,625.76 | Including: Cost of sales | 1,051,029,215.22 | 1,747,100,763.88 | 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 levies | 17,723,090.04 | 87,090,867.91 | Selling expense | 14,719,330.07 | 25,371,890.23 | Administrative expense | 189,973,110.10 | 211,898,457.07 | Development costs | 3,885,629.25 | 3,407,038.92 | Finance costs | 25,895,734.20 | 36,018,607.75 | Including: Interest
expense | 51,686,194.36 | 45,973,455.32 | Interest
income | 28,730,546.02 | 11,814,704.84 | Add: Other income | 3,084,106.20 | 9,328,789.60 | Return on investment (“-” for loss) | 54,220.87 | 2,711,324.32 | Including: Share of profit or loss
of joint ventures and associates | 54,220.87 | 2,711,324.32 | 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) | | | Credit impairment loss (“-” for
loss) | -17,886,806.82 | -13,788,622.51 | Asset impairment loss (“-” for
loss) | -5,858.65 | 2,045.93 | Asset disposal income (“-” for
loss) | 21,393.70 | 793,144.88 | 3. Operating profit (“-” for loss) | -152,401.51 | 315,485,270.16 | Add: Non-operating income | 740,343.21 | 907,106.27 | Less: Non-operating expense | 5,081,894.89 | 3,590,801.08 | 4. Gross profit (“-” for loss) | -4,493,953.19 | 312,801,575.35 | Less: Income tax expense | 1,220,320.38 | 85,692,317.44 | 5. Net profit (“-” for net loss) | -5,714,273.57 | 227,109,257.91 | 5.1 By operating continuity | | | 5.1.1 Net profit from continuing
operations (“-” for net loss) | -5,714,273.59 | 227,047,902.08 | 5.1.2 Net profit from discontinued
operations (“-” for net loss) | 0.00 | 61,355.83 | 5.2 By ownership | | | 5.2.1 Net profit attributable to
shareholders of the Company as the
parent (“-” for net loss) | 3,581,016.97 | 231,351,500.28 | 5.2.2 Net profit attributable to non-
controlling interests (“-” for net loss) | -9,295,290.54 | -4,242,242.37 | 6. Other comprehensive income, net of
tax | -497,274.13 | 1,580,945.75 | Attributable to owners of the
Company as the parent | -497,274.13 | 1,580,945.75 | 6.1 Items that will not be
reclassified to profit or loss | -187,279.28 | -309,668.96 | 6.1.1 Changes caused by
remeasurements on defined benefit
schemes | 0.00 | 0.00 | 6.1.2 Other comprehensive
income that will not be reclassified to
profit or loss under the equity method | 0.00 | 0.00 | 6.1.3 Changes in the fair value of
investments in other equity instruments | -187,279.28 | -309,668.96 | 6.1.4 Changes in the fair value
arising from changes in own credit risk | 0.00 | 0.00 | 6.1.5 Other | 0.00 | 0.00 | 6.2 Items that will be reclassified to
profit or loss | -309,994.85 | 1,890,614.71 | 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 statements | -309,994.85 | 1,890,614.71 | 6.2.7 Other | | | Attributable to non-controlling
interests | 0.00 | 0.00 | 7. Total comprehensive income | -6,211,547.70 | 228,690,203.66 | 7.1 Attributable to owners of the
Company as the parent | 3,083,742.84 | 232,932,446.03 | 7.2 Attributable to non-controlling
interests | -9,295,290.54 | -4,242,242.37 | 8. Earnings per share | | | 8.1 Basic earnings per share | 0.0060 | 0.3882 | 8.2 Diluted earnings per share | 0.0060 | 0.3882 |
Where business combinations under common control occurred in the current period, the net profit achieved by the acquirees before (未完)
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