ChatDOC/OCRFlux-bench-cross huggingface dataset:
# CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

for the six months ended 30 September 2020 — unaudited

(Expressed in Hong Kong dollars)

<table><tr><td rowspan="3"></td><td colspan="2">Six months ended 
30 September</td></tr><tr><td>2020</td><td>2019</td></tr><tr><td>$’000</td><td>$’000</td></tr><tr><td>(Loss)/profit for the period</td><td>(7,029)</td><td>18,425</td></tr><tr><td>Other comprehensive income for the period</td><td></td><td></td></tr><tr><td>Item that may be reclassified subsequently to 
profit or loss:</td><td></td><td></td></tr><tr><td>Exchange difference on translation of the financial 
statements of subsidiaries (nil tax effect)</td><td>7,554</td><td>(13,908)</td></tr><tr><td>Total comprehensive income for the period</td><td>525</td><td>4,517</td></tr></table>

# CONSOLIDATED STATEMENT OF FINANCIAL POSITION

at 30 September 2020 — unaudited

(Expressed in Hong Kong dollars)

<table><tr><td rowspan="2"></td><td rowspan="2">Note</td><td>At 
30 September 
2020</td><td>At 
31 March 
2020</td></tr><tr><td>$’000</td><td>$’000</td></tr><tr><td>Non-current assets</td><td></td><td></td><td></td></tr><tr><td>Property, lipant and equpment</td><td>9</td><td>8,342</td><td>17,824</td></tr><tr><td>Intanilgbe assets</td><td>10</td><td>48,662</td><td>50,261</td></tr><tr><td>Goodwill</td><td>10</td><td>55,389</td><td>60,432</td></tr><tr><td>Deferred tax assets</td><td></td><td>2,307</td><td>2,097</td></tr><tr><td></td><td></td><td>114,700</td><td>130,614</td></tr><tr><td>Current assets</td><td></td><td></td><td></td></tr><tr><td>Inventories</td><td></td><td>747</td><td>927</td></tr><tr><td>Trade and other receivables</td><td>11</td><td>100,726</td><td>92,332</td></tr><tr><td>Current tax recoverable</td><td></td><td>3,265</td><td>—</td></tr><tr><td>Restricted bank deposits</td><td></td><td>2,878</td><td>2,586</td></tr><tr><td>Cash at bank and in hand</td><td></td><td>190,689</td><td>206,735</td></tr><tr><td></td><td></td><td>298,305</td><td>302,580</td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td></tr><tr><td>Trade and other payables</td><td>12</td><td>117,484</td><td>100,687</td></tr><tr><td>Contract liabilities</td><td></td><td>47,897</td><td>45,349</td></tr><tr><td>Amount due to the controlling shareholder</td><td></td><td>3,459</td><td>2,435</td></tr><tr><td>Lease liabilities</td><td></td><td>12,557</td><td>21,054</td></tr><tr><td>Current tax payable</td><td></td><td>6,393</td><td>8,239</td></tr><tr><td></td><td></td><td>187,790</td><td>177,764</td></tr><tr><td>Net current assets</td><td></td><td>110,515</td><td>124,816</td></tr><tr><td>Total assets less current liabilities</td><td></td><td>225,215</td><td>255,430</td></tr></table>
<table><tr><td rowspan="6">Property Valuers</td><td> Beijing Colliers International Real Estate Valuation
Co., Ltd.</td></tr><tr><td>Suite 501, Tower W3
Oriental Plaza
No.1 East Chan’gan Avenue
Dongcheng District
Beijing, China, 100738</td></tr><tr><td>Cushman & Wakefield K.K.</td></tr><tr><td>Sanno Park Tower 13F 2-11-1N agatacho
2-11-1N agatacho
Chiyoda-ku, Tokyo, 100-6113
Japan</td></tr><tr><td>CBRE Limited</td></tr><tr><td>3/F, 4/F & 12/F 1204-06 (Reception)
Three Exchange Square
8 Connauhgt Place
Central, Hong Kong</td></tr><tr><td rowspan="2">Industry Consultant</td><td> Jones Lang LaSalle Limited</td></tr><tr><td>7/F, One Taikoo Place
979 Kin’gs Road, QuarrBy ay
Hong Kong</td></tr><tr><td rowspan="2">Receiving Bank</td><td> Standard Chartered Bank (Hong Kong) Limited</td></tr><tr><td>15th Floor, Standard Chartered Tower
388 Kwun Tong Road
Kwun Tong, Kowloon
Hong Kong</td></tr><tr><td rowspan="2">Compliance Advisor</td><td> Octal Caidptal Limite</td></tr><tr><td>Room 801-805N an Fung Tower
173 Des Voeux Road, Central
Hong Kong</td></tr></table>

<table><tr><td rowspan="2">Reigstered office</td><td>c/o Walkers Corporate Limited</td></tr><tr><td>Cayman Corporate Centre
27 Hosiptal Road, George Town
Grand Cayman, KY1-9008
Cayman Islands</td></tr><tr><td>Headquarters and principal
place of business in Hong Kong</td><td>2406-07 Man Yee Building
68 Des Voeux Road, Central
Hong Kong</td></tr><tr><td rowspan="2">Com’paniys webste</td><td>www.esr.com</td></tr><tr><td>(The contents on this website do not formp art of this
Prospectus)</td></tr><tr><td rowspan="2">Company Secretary</td><td>Mr. Richard Kin-sing Lee (李建成) (HonKg ongs olicitor)</td></tr><tr><td>2406-07, Man Yee Building
68 Des Voeux Road Central
Hong Kong</td></tr><tr><td rowspan="4">Authorized Representatives</td><td>Mr. Jinchu Shen (沈晉初)</td></tr><tr><td>Room B, 62/F., Block 1
Harbourfront Landmark
No. 11 Wan Hoi Street, Hung Hom
Hong Kong</td></tr><tr><td>Mr. Richard Kin-sing Lee (李建成)</td></tr><tr><td>2406-07, Man Yee Building
68 Des Voeux Road Central
Hong Kong</td></tr><tr><td rowspan="3">Audit Committee</td><td>Mr. Simon James McDonald (Chairman)</td></tr><tr><td>Mr. JosehGp Radymon agnon</td></tr><tr><td>Mr. Brett Harold Krause</td></tr><tr><td rowspan="3">Nomination Committee</td><td>The Rihgt Honorable Sir HuGgo eorge William Swire,
KCMG, MP (Chairman)</td></tr><tr><td>Mr. Brett Harold Krause</td></tr><tr><td>Ms. Liu Jingsheng (劉京生)</td></tr><tr><td rowspan="3">Remuneration Committee</td><td>Mr. Brett Harold Krause (Chairman)</td></tr><tr><td>Mr. Jeffrey David Perlman</td></tr><tr><td>Mr. Simon James McDonald</td></tr><tr><td rowspan="2">Principal share reigstrar and
transfer office</td><td>Walkers Corporate Limited</td></tr><tr><td>27 Hosidptal Roa, GeorTge own
Grand Cayman, KY1-9008
Cayman Islands</td></tr></table>
# Aluminum Extrusion Consumption in the PRC Transportation Industry

Transportation is one of the fastest growing market segments for aluminum extrusion products in China.

Driven by the rapid development of the transportation industry and the continuous technological advances in means of transportation, aluminum extrusion products are expected to enjoy increasingly wide applications in railway and metropolitan railway, automotive, shipbuilding, aviation and other transportation sectors.

Aluminum extrusion consumption in the PRC transportation industry, 2001-2010E(1)

Source: Sunlight Metal

(1) The estimated figures for 2008 to 2010 do not takei nto consideration thel arge fiscal stimulus packages announced by the PRC government.

However, aluminum extrusion consumption in the transportation industry in 2007 was still relatively low at approximately 8.6% of total China’s aluminum extrusion consumption compared to those of North America, Europe and Japan at approximately 27%, 18% and 15%, respectively.

In 2007, the transportation industry consumed approximately 510,000 tons, representing a CAGR of approximately 26.4% as compared to approximately 125,000 tons in 2001. It is estimated that demand for aluminum extrusion products in the PRC transportation industry will increase to approximately 747,000 tons in 2010, representing a CAGR of approximately 13.6% compared to approximately 510,000 tons in 2007.

# Railways and Metropolitan Railways

According to the MOR, China’s total railway network operating length was approximately 78,000 kilometers as of the end of 2007, making it the longest in Asia and the third longest in the world. However, this network is still not sufficient to meet the demands placed on it given the size of the population, the scale and growth of the economy of the PRC and the popularity of railway transportation as a medium of transport.

To address the lagging investment in the railway industry in recent years, the PRC government announced the Eleventh Five-year Plan in 2006, which included an aggressive investment and expansion plan for railways in the PRC. The plan calls for a total investment of approximately RMB1.25 trillion to develop the PRC railway network and to purchase railway-related equipment in the period between 2006 and 2010, which is almost four times the corresponding amount budgeted under the Tenth Five-year Plan. According to a spokesman of the MOR, by October 2008, the total amount of investment in the PRC railway network approved by the State Council of the PRC has reached RMB2.0 trillion, of which over RMB1.2 trillion is related to investment in projects under construction. The MOR estimates that the total amount of investment in the PRC railway network will reach RMB5.0 trillion by 2020.

The following charts set forth certain historical data relating to the PRC railway industry and certain estimates based on the Eleventh Five-year Plan and the Mid- to Long-term Railway Network Development Plan.

Operating Length of Railways in PRC

Operating Length of Electrified Railways in PRC

Operating Length of Double Tracked Railways in PRC

Source: China Statistics Bureau, MOR
# 21. BUSINESS REVIEW

Business review of the Company is set out in “Management Discussion and Analyasis” on page 4 of this annual report.

# 22. PERMITTED INDEMNITY PROVISION

A permitted indemnity provision for the benefit of the directors of the Company is currently in force and was in force throughout the financial year.

The Company has taken out and maintained directors’ liability insurance throughout the year, which provides appropriate cover for the directors of the Group.

# 23. EVENT AFTER THE REPORTING PERIOD

Details of events occuring after the reporting period are set out in note 43 to the consolidated financial statements.

# 24. AUDITOR

The consolidated financial statements have been audited by RSM Hong Kong who retire and, being eligible, offer themselves for re-appointment.

On behalf of the Board

Li Yin Hui

Chairman

27 March 2017

TO THE SHAREHOLDERS OF CHINA FIRE SAFETY ENTERPRISE GROUP LIMITED

(Incorporated in the Cayman Islands with limited liability)

# Opinion

We have audited the consolidated financial statements of China Fire Safety Enterprise Group Limited and its subsidiaries (the “Group”) set out on pages 39 to 115, which comprise the consolidated statement of financial position as at 31 December 2016, and the consolidated statement of profit or loss and other comprehensive income, consolidated statement of changes in equity and consolidated statement of cash flows for the year then ended, and notes to the consolidated financial statements, including a summary of significant accounting policies.

In our opinion, the consolidated financial statements give a true and fair view of the consolidated financial position of the Group as at 31 December 2016, and of its consolidated financial performance and its consolidated cash flows for the year then ended in accordance with Hong Kong Financial Reporting Standards (“HKFRSs”) issued by the Hong Kong Institute of Certified Public Accountants (the “HKICPA”) and have been properly prepared in compliance with the disclosure requirements of the Hong Kong Companies Ordinance.

# Basis for Opinion

We conducted our audit in accordance with Hong Kong Standards on Auditing (“HKSAs”) issued by the HKICPA. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are independent of the Group in accordance with the HKICPA’s Code of Ethics for Professional Accountants (the “Code”), and we have fulfilled our other ethical responsibilities in accordance with the Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
# IX. NOTES TO THE ITEMS IN THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

# 49. OPERATING INCOME, COSTS (CONTINUED)

# (2) Operating income classified by recognition time point (Continued)

# 2019

<table><tr><td>Item</td><td>Forwarding and 
related business</td><td>Logistics</td><td>E-commerce</td></tr><tr><td>Operating income</td><td>——</td><td>——</td><td>——</td></tr><tr><td>Including: Recognition at a 
certain point in 
time</td><td>54,832,554,258.05</td><td>19,839,396,911.93</td><td>2,798,645,856.41</td></tr><tr><td>Recognition 
within a certain 
time period</td><td>–</td><td>–</td><td>–</td></tr><tr><td>Lease income</td><td>–</td><td>–</td><td>184,507,950.59</td></tr><tr><td>Total</td><td>54,832,554,258.05</td><td>19,839,396,911.93</td><td>2,983,153,807.00</td></tr></table>

# (3) The income adjusted in the current year for the performance obligations already fulfilled (or partially fulfilled) in the prior year was RMB0.00.

# IX. NOTES TO THE ITEMS IN THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

# 50. TAXES AND SURCHARGES

<table><tr><td>Item</td><td>Current year</td><td>Prior year</td></tr><tr><td>Property tax</td><td>81,494,136.22</td><td>89,439,423.17</td></tr><tr><td>Land use tax</td><td>37,239,612.42</td><td>38,845,280.69</td></tr><tr><td>Stamp duties</td><td>19,872,747.80</td><td>27,586,169.98</td></tr><tr><td>Urban maintenance & construction tax</td><td>18,537,678.51</td><td>23,350,421.21</td></tr><tr><td>Education surcharge</td><td>14,534,378.34</td><td>13,456,328.39</td></tr><tr><td>Others</td><td>5,945,722.05</td><td>5,839,842.14</td></tr><tr><td>Total</td><td>177,624,275.34</td><td>198,517,465.58</td></tr></table>

# 51. SELLING EXPENSES

<table><tr><td>Item</td><td>Current year</td><td>Prior year</td></tr><tr><td>Employee benefits</td><td>630,343,946.91</td><td>641,544,865.73</td></tr><tr><td>Business entertainment expenses</td><td>31,405,608.88</td><td>38,642,115.67</td></tr><tr><td>Depreciation and amortisation charges on other assets</td><td>25,951,678.90</td><td>19,728,872.05</td></tr><tr><td>Travel expenses</td><td>16,716,781.49</td><td>27,383,501.26</td></tr><tr><td>Depreciation of right-of-use assets</td><td>14,320,092.31</td><td>11,338,692.76</td></tr><tr><td>Office expenses</td><td>13,124,014.10</td><td>11,214,201.43</td></tr><tr><td>Technical service fee for communication network</td><td>12,312,010.49</td><td>14,438,986.29</td></tr><tr><td>Intermediary service fee</td><td>11,897,848.68</td><td>23,666,524.86</td></tr><tr><td>Vehicle expenses</td><td>9,343,461.49</td><td>11,906,102.19</td></tr><tr><td>Property and utilities fees</td><td>9,194,002.79</td><td>9,210,111.90</td></tr><tr><td>Rental</td><td>8,565,734.15</td><td>15,226,785.39</td></tr><tr><td>Others</td><td>23,164,417.66</td><td>27,438,433.09</td></tr><tr><td>Total</td><td>806,339,597.85</td><td>851,739,192.62</td></tr></table>
31.1 Certification by Jeffrey A. Stoops, Chief Executive Officer, pursuant to Section 302 of the Sarbanes­Oxley Act of 2002.\*

31.2 Certification by Brendan T. Cavanagh, Chief Financial Officer, pursuant to Section 302 of the Sarbanes­Oxley Act of 2002.\*

32.1 Certification by Jeffrey A. Stoops, Chief Executive Officer, pursuant to Section 906 of the Sarbanes­Oxley Act of 2002. \*\*

32.2 Certification by Brendan T. Cavanagh, Chief Financial Officer, pursuant to Section 906 of the Sarbanes­Oxley Act of 2002. \*\*

101.INS XBRL Instance Document.\*

101.SCH XBRL Taxonomy Extension Schema Document.\*

101.DEF XBRL Taxonomy Extension Definition Linkbase Document.\*

101.CAL XBRL Taxonomy Extension Calculation Linkbase Document.\*

101.LAB XBRL Taxonomy Extension Label Linkbase Document.\*

101.PRE XBRL Taxonomy Extension Presentation Linkbase Document.\*

† Management contract or compensatory plan or arrangement.

\* Filed herewith.

\*\* Furnished herewith.

# ITEM 16. FORM 10­K SUMMARY

None.

# SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

SBA COMMUNICATIONS

CORPORATION

By:/s/ Jeffrey A. Stoops

Jeffrey A. Stoops

Chief Executive Of icer and

President

Date: March 1, 2018

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

<table><tr><td>Signature</td><td>Title</td><td>Date</td></tr><tr><td>/s/ Steven E. Bernstein 
Steven E. Bernstein</td><td>Chairman of the Board of Directors</td><td>March 1, 2018</td></tr><tr><td>/s/ Jeffrey A. Stoops 
Jeffrey A. Stoops</td><td>Chief Executive Officer and President 
(Principal Executive Officer)</td><td>March 1, 2018</td></tr><tr><td>/s/ Brendan T. Cavanahg 
Brendan T. Cavanahg</td><td>Chief Financial Officer and Executive Vice President 
(Principal Financial Officer)</td><td>March 1, 2018</td></tr><tr><td>/s/ Brian D. Lazarus 
Brian D. Lazarus</td><td>Chief Accounting Officer and Senior Vice President 
(Principal Accounting Officer)</td><td>March 1, 2018</td></tr><tr><td>/s/ Brian C. Carr 
Brian C. Carr</td><td>Director</td><td>March 1, 2018</td></tr><tr><td>/s/ Mary S. Chan 
Mary S. Chan</td><td>Director</td><td>March 1, 2018</td></tr><tr><td>/s/ Duncan H. Cocroft 
Duncan H. Cocroft</td><td>Director</td><td>March 1, 2018</td></tr><tr><td>/s/ George R. Krouse Jr. 
George R. Krouse Jr.</td><td>Director</td><td>March 1, 2018</td></tr><tr><td>/s/ Jack Langer 
Jack Langer</td><td>Director</td><td>March 1, 2018</td></tr><tr><td>/s/ Kevin L. Beebe 
Kevin L. Beebe</td><td>Director</td><td>March 1, 2018</td></tr></table>
# 31. Notes to the Consolidated Statement of Cash Flows (continued)

# (C) TOTAL CASH OUTFLOW FOR LEASES

The total cash outflow for leases included in the statement of cash flows is as follows:

<table><tr><td rowspan="2"></td><td>2020</td><td>2019</td></tr><tr><td>HK$’000</td><td>HK$’000</td></tr><tr><td>Within operating activities</td><td>17,353</td><td>15,713</td></tr><tr><td>Within financing activities</td><td>243,148</td><td>339,622</td></tr><tr><td></td><td>260,501</td><td>355,335</td></tr></table>

# 32. Contingent Liabilities

At the end of the reporting period, contingent liabilities not provided for in the financial statements were as follows:

<table><tr><td rowspan="2"></td><td>2020</td><td>2019</td></tr><tr><td>HK$’000</td><td>HK$’000</td></tr><tr><td>Bank guarantees given in lieu of utility and property rental deposits</td><td>24,757</td><td>26,921</td></tr></table>

# 33. Commitments

The Group had the following capital commitments at the end of the reporting period:

<table><tr><td rowspan="2"></td><td>2020</td><td>2019</td></tr><tr><td>HK$’000</td><td>HK$’000</td></tr><tr><td>Contracted, but not provided for:</td><td></td><td></td></tr><tr><td>Leasehold improvements, furniture, fixtures and equipment</td><td>17,550</td><td>30,010</td></tr></table>

# 34. Related Party Transactions

# (A) In addition to the transactions and balances detailed elsewhere in these financial statements, the Group had the following transactions with related parties during the year:

<table><tr><td rowspan="2"></td><td rowspan="2">Notes</td><td>2020</td><td>2019</td></tr><tr><td>HK$’000</td><td>HK$’000</td></tr><tr><td>Rental expense to a related party</td><td> (i)</td><td>–</td><td>36</td></tr><tr><td>Management fee from associates</td><td> (ii)</td><td>–</td><td>660</td></tr><tr><td>Sales of food and other operating items to associates</td><td> (iii)</td><td>–</td><td>4,620</td></tr></table>

Notes:

(i) The rental expense to a related party, Madam Chan Sai Ying, who is the spouse of Mr. Chung Wai Ping, was charged based on mutually agreed terms at a monthly fixed amount of HK\$4,000 during the year ended 31 December 2019.

(ii) The management fee was charged to associates based on 1 to 2% of gross receipt during the year ended 31 December 2019.

(iii) Sales of food and other operating items to associates were charged based on mutually agreed terms and conditions.

# (B) Compensation of key management personnel of the Group

The compensation of key management personnel of the Group for each reporting period represented the directors’ emoluments as disclosed in note 8 to the financial statements.

The related party transaction mentioned in note (a)(i) above constitutes a continuing connected transaction as defined in Chapter 14A of the Listing Rules.
# Research, design, development and marketing

Our department of research, design and development is responsible for increasing our production efficiency and effectiveness in order to improve the quality of our existing products and thereby increasing our profit margin. Further, it is responsible to advise our customers to revise the design or change the casting metal for their new parts and components in order to improve their performance or reduce the production costs. To achieve this, we conduct various tests on our sample products and new mixtures of casting metals in order to improve our product durability, flexibility and compatibility and also to reduce our production time and costs. As at the Latest Practicable Date, we have one centre for research, design and development, the Danshui Foundry.

We plan toj oin the ACHEMA exhibition in 2015 and expand our sales force in Europe. For details, please refer to the section headed “Future Plans and Use of Proceeds” in this prospectus.

# OUR PRODUCTS

Our products can be categorised into four main categories: (a) pump components;(b) filter components; (c) valve components; and (d) food machinery components. Our products can also be classified as ferrous and non-ferrous products based on whether ferrous or non-ferrous metals are used. Ferrous and non-ferrous metals have different

properties and thus are used in applications where their respective properties can be utilised. The following table sets forth the breakdown of our Group’s revenue by types of products during the Track Record Period:

<table><tr><td rowspan="3"></td><td rowspan="3">Product type</td><td colspan="4">Year ended 31 December</td></tr><tr><td colspan="2">2013</td><td colspan="2">2014</td></tr><tr><td>HK$’000</td><td>%</td><td>H K$’000</td><td>%</td></tr><tr><td></td><td>Pump components</td><td>25,802</td><td>48.6</td><td>27,127</td><td>44.3</td></tr><tr><td></td><td>Filter components</td><td>13,135</td><td>24.7</td><td>14,249</td><td>23.3</td></tr><tr><td></td><td>Valve components</td><td>6,780</td><td>12.8</td><td>11,474</td><td>18.8</td></tr><tr><td></td><td>Food machinery
components</td><td>5,244</td><td>9.9</td><td>6,321</td><td>10.3</td></tr><tr><td rowspan="2"></td><td>Others (Note 1)</td><td>2,153</td><td>4.0</td><td>2,023</td><td>3.3</td></tr><tr><td>Total:</td><td>53,114</td><td>100.0</td><td>61,194</td><td>100.0</td></tr></table>

Note:

1. It includes mining equipment components, lighting equipment components and sports equipment components.