Stock code: 200053 Short form: Chiwan Base -B Serial number: 2016-30 SHENZHEN CHIWAN PETROLEUM SUPPLY BASE CO., LTD.
THE ABSTRACT OF ANNUAL REPORT FOR YEAR 2015 1. Important Notice
This abstract of annual report is extracted from the full text of annual report for year 2015 which is published on www.cninfo.com.cn simultaneously. Investors shall read the full text carefully for the details.
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|Absent Director|Post of the Absent Director|Reason|Authorized Person|
|Mr. Mingzhi Mei|Director|Business Arrangement|Wang Shiyun|
|Mr. Kent Yang|Director|Business Arrangement|Shu Qian|

Non-standardAuditor’s Opinion
□ Applicable√ Inapplicable
Preliminary Plan for Profit Distribution to the Common Shareholders or Turning the Capital Reserve into the Share Capital in the Report Period Reviewed and Approved by the Board Meeting
□ Applicable√ Inapplicable
Preliminary Plan for Profit Distribution to the Preference Shareholders in the Report Period
□ Applicable√ Inapplicable
Company Information
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|-|-|-|-|-|
|Stock Abbreviation|Chiwan Base B|Stock Code||200053|
|Stock Exchange|Shenzhen Stock Exchange||||
|Contact Person and Contact Method|Board Secretary||Securities Representative||
|Name|Song Tao||Li Zizheng||
||14F/ Chiwan Petroleum Building,Shekou, Shenzhen||14F/ Chiwan Petroleum Building,Shekou, Shenzhen||
|Office Address|||||
|Telephone|0755-26694211||0755-26694211||
|Fax|0755-26694227||0755-26694227||
|E-mail Address|sa@chiwanbase.com||sa@chiwanbase.com||

2. Main Business of the Company
Main Business
(1) The Company provides oil logistics support services for oil exploration, development and production in the eastern South China Sea. Under the effect of sharp decline of international oil price and operation of CNOOC Huizhou Base, the operating income and profit of offshore oil logistics business fell sharply.
(2) The Company provides logistics park services for warehousing, distribution, supply chain management, logistics finance, equipment leasing and e-commerce by controlling subsidiaries. By the end of report period,
there was only one logistics park developing e-commerce services.
(3) The Company provides offshore engineering services for structure design, fabrication and maintenance by
associated companies.
Characteristics of Industry Development
(1) Offshore Oil Logistics Business
After the fully operation of CNOOC Huizhou Base, it has occupied the majority of market share. The competition of offshore oil logistics services will become more intensive in 2016. Meanwhile, for the continued downturn of oil price, Chiwan Base faces great operation pressure. There are also challenges for Chengdu oil and gasbase’s marketing work.
(2) Warehousing Logistics Services
In the past ten years, warehousing logistics services developed rapidly. The demand for modern logistics facilities still exceeds supply. For now, warehousing logistics services had become the hot spot for both real estate industry and logistic industry. The representatives as Prologis, Goodman, Alibaba and Vanke have accelerated their layout. By now, Blogis takes the leading position in domestic market.
3. Major Accounting Data
(1) Major Accounting Data over the Past 3 Years
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|-|-|-|-|-|
||Y2015|Y2014|Change (%)|Y2013|
|Operating Revenue (RMB)|650,279,516.34|712,958,603.26|-8.79%|691,832,626.47|
|Net Profit Attributed to Shareholders of|91,644,920.49||||
|||218,544,184.50|-58.07%|204,249,571.44|
|Listed Company (RMB)|||||
|Net Profit Net of Non-recurring Gain and|||||
||83,094,036.55|220,496,736.41|-62.32%|200,374,681.04|
|Loss Attributed to Listed Company (RMB)|||||
|Net Cash Flows from Operating Activities|332,656,351.44||||
|||414,370,760.05|-19.72%|434,087,958.45|
|(RMB)|||||
|Basic Earnings per Share (RMB/Share)|0.40|0.95|-57.89%|0.89|
|Diluted Earnings per Share (RMB/Share)|0.40|0.95|-57.89%|0.89|
|Weighted Return on Equity（%）|5.31%|13.84%|-8.53%|14.84%|
||December 31, 2015|December 31, 2014|Change (%)|December 31, 2013|
|Total Assets (RMB)|5,643,956,639.17|5,389,629,871.81|4.72%|4,718,603,625.96|
|Owner’s Equity Attributed to Shareholders|1,754,085,176.85||||
|||1,690,486,032.37|3.76%|1,470,275,398.55|
|of Listed Company (RMB)|||||

(2) Main Financial Index by Quarters
Unit: RMB
||||||
|-|-|-|-|-|
||First Quarter|Second Quarter|Third Quarter|Fourth Quarter|
|Operating Revenue|147,824,556.91|159,294,515.77|170,600,550.00|172,559,893.66|
|Net Profit Attributed to Shareholders of|22,604,615.62||||
|||20,025,317.86|28,165,868.96|20,849,118.05|
|Listed Company|||||
|Net Profit Net of Non-recurring Gain and|||||
||21,078,656.96|18,444,962.63|27,854,136.94|15,716,280.02|
|Loss Attributed to Listed Company|||||
|Net Cash Flows from Operating Activities|78,023,735.31|45,910,282.18|108,020,416.02|100,701,917.93|

Any material differences between the financial indicators above or their summations and those which have been
disclosed in quarterly or semi-annual reports?
□Yes√No
4. Share Capital and Shareholders
(1) Number of the Common Shareholders and the Preference Shareholders with Resumed Voting Rights as well as the Shareholders of the Top 10 Shareholders
||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
||||||||||Total Number of||||
||||||||||Preference||||
||||||Total Number of||||||||
|||Total Number of|||||||Shareholders with||||
|Total|||||Preference Shareholders||||||||
|||Shareholders One|||||||Resumed Voting||||
|Shareholders in|7,070|||6,971|with Resumed Voting|||0|||0||
|||Month before Annual|||||||Rights at Previous||||
|Reporting period|||||Rights at Period-end (if||||||||
|||Report Disclosure|||||||Month-end of this||||
||||||any)||||||||
||||||||||Report’s Disclosure||||
||||||||||(if any)||||
|Top Ten Common Shareholders|||||||||||||
|||||||Ratio|Total shares||Non-tradable|Impawned or|||
|Name|||Nature|||||||Frozen Shares|||
|||||||（％）|held||shares|Status||Shares|
|CHINA NANSHAN DEVELOPMENT(GROUP) INCORPORATION|||Domestic Legal Person|||51.79%|119,420,000||119,420,000||||
|||||||||||-||0|
|China Logistics Holding (12) PTE.LTD.|||Foreign Legal Person|||19.90%|45,890,000||0|-||Unknown|
|CHINA MECHANTS SECURITIES(HONGKONG) LTD|||State-owned Legal Person|||1.46%|3,614,224||0||||
|||||||||||-||Unknown|
|CREDIT SUISSE (HONG KONG)LIMITED|||Foreign Legal Person|||0.81%|2,654,699||0||||
|||||||||||-||Unknown|
|GUOTAI JUNANSECURITIES(HONGKONG) LIMITED|||Foreign Legal Person|||0.55%|2,542,041||0||||
|||||||||||-||Unknown|
|GREENWOODS CHINA ALPHAMASTER FUND|||Foreign Legal Person|||0.43%|984,693||0||||
|||||||||||-||Unknown|
|LI WEI|||Domestic Natural Person|||0.36%|600,000||0|-||Unknown|
|SHA SHU LI|||Domestic Natural Person|||0.33%|480,611||0|-||Unknown|
|YU LING FENG|||Foreign Natural Person|||0.30%|458,083||0|-||Unknown|
|PAN BO|||Domestic Natural Person|||0.27%|419,900||0|-||Unknown|
|||||||Among the top ten shareholders, the domestic legal entity|||||||
|||||||shareholder, China Nanshan Development (Group)|||||||
|||||||Incorporation has no affiliated relations with other|||||||
|Explanation for the Affiliated Relations or United Action of the Top||||||shareholders and does not fall into the scope of united|||||||
|Ten Shareholders||||||action person stipulated by “Regulation of Information|||||||
|||||||Disclosure of the Change of Shareholding of listed|||||||
|||||||company”. It is unknown that whether other tradable-share|||||||
|||||||shareholders fall into the scope of united action person.|||||||

（2）Number of the Preference Shareholders and Top Ten Preference Shareholders
□ Applicable√ Inapplicable
（3）Chart of Actual Controller and the Company
State-Owned Assets
Supervision and
Administration Commission
of the State Council
100％
China Merchants Group State-Owned State-Owned China National Offshore Oil
Assets Assets Corporation
54.95％
Supervision and Supervision
100％
Administration and
Commission of Administration
China Merchants Holdings
Shenzhen Commission of
(International) Company
Municipal Guangdong
Limited
Government Province
100％ 100％ 100％
China Silverflow Shenzhen Guangdong China China HK Clifford Merchants Co., Ltd. Investment Petro-Trade National Ocean Wong (Nanshan) Holdings Development Offshore Oilfields Investment Holdings Co., Ltd. Corporation Oil Services Co. ,Ltd Ltd Investment (Hong
Co. ,Ltd Kong)
Limited
(COOS)
0.50% 1.64%
36.52% 26.10% 23.49%
7.83%
3.92% China Nanshan Development (Group) Incorporation
51.79%
Tradable
Shenzhen Chiwan Petroleum Supply Base Co. Ltd. 48.21%
Shareholders (B Shares)
5. Business Discussion and Analysis
(1) Business Discussion
In 2015, the Company achieved operating revenue of RMB 650 million, decreasing by8.79% and net profit of RMB 91.64 million, decreasing by58.07% compared with last year respectively. The decrease of revenue and net profit was due to the decrease of business volume of offshore oil logistics services.
Offshore Oil Logistics Business
In 2015, international oil companies adjusted their exploration plan under the circumstance of the continued downturn of oil price, which caused demand shrink for offshore oil logistics business. Meanwhile, CNOOC Huizhou Base put into operation, its subsidiaries moved from Chiwan Base to Huizhou Base, which formed serious challenges for the Company. In 2015, offshore oil logistics business achieved operating revenue of RMB 166 million, decreasing by51.03% and net profit of RMB 29.29 million, decreasing by80.13% compared with last year respectively.
Blogis Business
Main Operating Index of Blogis
Unit: RMB million
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|-|-|-|-|-|-|
|Parks|Revenue|Net Profit|Occupation Rate（%）|RevenueGrowth（%）|Net ProfitGrowth（%）|
|Shanghai Baowan|93.29|47.09|100.0|4.41|-12.34|
|Shanghai Mingjiang|55.63|24.96|100.0|4.20|-6.99|
|Kunshan Baowan|57.69|28.11|95.6|8.04|12.47|
|Langfang Baowan|25.92|6.77|88.2|-0.75|-19.24|
|Tianjin Baowan|57.79|22.55|100.0|4.27|5.76|
|Xindu Baowan|23.08|7.24|100.0|14.78|24.77|
|Longquan Baowan|60.75|19.23|98.4|44.44|52.09|
|Guangzhou Baowan|47.69|15.37|100.0|327.33|1922.37|
|Shenzhen Baowan|16.99|1.35|82.5|-8.91|-46.76|
|Nanjing Baowan|23.37|6.11|100.0|N/A|N/A|
|Nantong Baowan|11.80|1.74|83.4|N/A|N/A|
|Wuhan Baowan|10.18|0.29|78.0|N/A|N/A|

 Note: The net profit of above-mentioned subsidiaries excludes interest expenses influence.
Note to the year-on-year change of the relevant data
① Change in net profit of Shanghai Baowan was mainly affected by income tax collection approach. Eliminated income tax influence, net profit of Shanghai Baowan increased by8.71% with good profitability.
② Net profit of Langfang Baowan decreased mainly due to achieving non-operating revenue in 2014.
③ Revenue and net profit of Xindu Baowan increased mainly due to growth of distribution business.
④ Revenue and net profit of Longquan Baowan increased mainly due to growth of distribution business and granting government subsidy.
⑤ Revenue and net profit of Guangzhou Baowan increased mainly due to operation of Plot A in December, 2014.⑥ Net profit of Shenzhen Baowan decreased mainly due to the decrease of business volume.
Blogis Development for 2015
In 2015, the Company signed Shaoxing project, Nanjing Gaoxin project, Nantong Xitong project, Jiashan project, Beijng Shunyi project and Hubei Xiaogan project, which increased planned land of 2,000 Mu; got land quota of 818 Mu, which include Chengdu oil and gas base, Chongqing Jiulongpo project, Hefei Feidong project, Jiangyin project, etc.
Blogis Competition in 2016
The representatives as Prologis, Goodman, Alibaba and Vanke have accelerated their layout of logistics park. The competition became more and more fierce. There were idle warehouses in some district in 2015 because of the competition. It is expected to face pressure of rent price and idle warehouses in some district. In 2016, it predicts a steady rise in warehousing price. But in some district like Tianjin and Langfang, the market competition will become more intensive because of the supply surge. And the newly operation of Wuxi Baowan, Zhenjiang Baowan in 2016 will face challenges in marketing work.
Offshore Engineering and other
CSE: The Company holds32% stake. CSE contributed an investment income of RMB 54.81 million to the
Company in 2015, decreasing by5.3% compared with last year.
CPEC: The Company holds a20% stake. CPEC affected investment income of RMB -2.29 million to the
Company.
China Development Finance Limited: The Company holds20% stake. It contributed an investment income of RMB 6.45 million to the Company in 2015.
Project Construction Development
① Tianjin Bingang Baowan: The project plans to construct two warehouses and is expected to be finished in the end of 2016.
② Wuxi Baowan: The construction of five warehouses and one multiple-used building is expected to complete and put into use in April 2016.
③ Zhenjiang Baowan: The construction of nine warehouses and one multiple-used building is expected to complete and put into use in June 2016
④ Jiaxing Baowan: The construction of two warehouses and one multiple-used building is expected to complete in the beginning of 2017.
⑤ Qingdao Jiaozhou Baowan: The construction of eight warehouses and one multiple-used building is expected to complete in the first half year of 2017.
⑥ Chengdu Oil and Gas Base: The construction of one workshop and storage yard is expected to complete in the end of 2016.
(2) Significant Changes of Main Business
□Yes√No
（3）Situation of Industry Occupying theCompany’s Business Income and Operation Profit over10%√Applicable□Inapplicable
Unit: RMB
||||||||
|-|-|-|-|-|-|-|
|||||Operating|||
||||||Operating Cost|Gross Profit|
|||||Revenue|||
||||||Change over|Rate Change|
||Operating||Gross Profit|Change over|||
|Name||Operating Cost|||the Same|over the Same|
||Revenue||Rate (%)|the Same|||
||||||Period of Last|Period of Last|
|||||Period of Last|||
||||||Year（%）|Year（%）|
|||||Year（%）|||
|Warehouse and|||||||
||520,194,029.77|201,719,829.80|61.22%|13.23%|21.86%|-2.75%|
|Storage|||||||

(4) Seasonal or Periodic Characteristics in the Operation Performance that Need Special Attention
□Yes√No
(5) Significant YoY Changes in the Operating Revenue, Operating Costs and Net Profit Attributed the Common Shareholders or Their Composition
√Applicable□Inapplicable
In 2015, the Company achieved operating revenue of RMB 650 million, decreasing by8.79% and net profit of RMB 91.64 million, decreasing by58.07% compared with last year respectively. The decrease of revenue and net profit was due to the decrease of business volume of offshore oil logistics services. In 2015, international oil companies adjusted their exploration plan under the circumstance of the continued downturn of oil price, which caused demand shrink for offshore oil logistics business. Meanwhile, CNOOC Huizhou Base put into operation, its subsidiaries moved from Chiwan Base to Huizhou Base, which formed serious challenges for the Company. (6) The Suspension or Termination of Listing
□ Applicable√ Inapplicable
6. Related Issues of Financial Report
(1) Adjustment of Accounting Policy, Accounting Estimation and Accounting Method Compared with 2014 Annual Report
□ Applicable√ Inapplicable
(2) Necessary Retrospective Restatement for Significant Correction of Accounting Errors during the Report Period
□ Applicable√ Inapplicable
(3) Adjustment Illustration of Consolidated Statement Scope Compared with Financial Report for 2014□ Applicable√ Inapplicable
8 new subjects are combined into consolidated statement as follows:
Jiangsu Baowan International Logistic Co., Ltd., Shaoxing Baowan Logistic Co., Ltd., Chongqing Xipeng Baowan International Logistic Co., Ltd., Wuhan Baowan Logistic Ezhou Co., Ltd., Nantong Xitong Baowan Logistic Co., Ltd., Jiashan Baowan Logistic Co., Ltd., Chengdu Chiwan International Oil and Gas Base Co., Ltd., Zhengzhou Baohai International Logistic Co., Ltd.
(4) Notes of the Board of Directors, the Board of Supervisors on the UnqualifiedAuditor’s Report Issued by CPAs.
□ Applicable√ Inapplicable
Board of Directors
Shenzhen Chiwan Petroleum Supply Base Co., Ltd. April 26, 2016