Abstract of the 2014 Semi-annual Report of Shenzhen Chiwan Wharf Holdings Limited Stock code: 000022/200022 Stock abbreviation: Chiwan Wharf A/Chiwan Wharf B Announcement No.: 2014-039 Shenzhen Chiwan Wharf Holdings Limited
Abstract of the 2014 Semi-annual Report
1. Important reminders
This abstract is based on the full text of the semi-annual report. For more details, investors are suggested to read the full text disclosed at the same time with this abstract on http://www.cninfo.com.cn, the website of Shenzhen Stock Exchange or any other website designated by CSRC.
This report is prepared in both Chinese and English. Should there be any discrepancy between the two versions, the Chinese version shall prevail.
Company profile
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|Stock abbreviation|Chiwan Wharf A, Chiwan Wharf B|Stock code|000022, 200022|
|Stock exchange listed with|Shenzhen Stock Exchange|||
|Contact information|Company Secretary|Securities Affairs Representative||
|Name|Ms. Bu Dan|Ms. Hu Jingjing||
|Tel.|+86 755 26694222|+86 755 26694222||
|Fax|+86 755 26684117|+86 755 26684117||
|E-mail|cwh@cndi.com|cwh@cndi.com||

2. Financial highlights and change of shareholders
（1）Financial highlights
Does the Company adjust retrospectively or restate accounting data of previous years due to change of the accounting policy or correction of any accounting error?
□ Yes√ No
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||Jan.-Jun. 2014|Jan.-Jun.2013|YoY +/-|
|Total operating income (RMB Yuan)|875,981,241.59|865,235,792.24|1.24%|
|Net profit attributable to shareholders of the parent (RMB|235,338,598.71|295,594,905.20||
||||-20.38%|
|Yuan)||||
|Net profit attributable to shareholders of the parent after||||
||233,093,807.14|294,817,033.01|-20.94%|
|extraordinary gains and losses (RMB Yuan)||||
|Net cash flows from operating activities (RMB Yuan)|282,633,209.75|357,817,144.38|-21.01%|
|Basic EPS (RMB Yuan/share)|0.365|0.458|-20.31%|
|Diluted EPS (RMB Yuan/share)|0.365|0.458|-20.31%|
|Weighted average ROE|5.85%|7.80%|-1.95%|
||30 Jun. 2014|31 Dec. 2013|+/-|
|Total assets (RMB Yuan)|7,470,426,613.37|7,346,529,214.70|1.69%|
|Total shareholder’s equity attributable to equity holders of|3,932,905,331.07|3,947,846,392.77||
||||-0.38%|
|the parent (RMB Yuan)||||

Abstract of the 2014 Semi-annual Report of Shenzhen Chiwan Wharf Holdings Limited（2） Shareholdings of the top 10 common shareholders
Unit: share
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|Total number of|35,585 shareholders, including 26,961A-share holders and 8,624 B-share holders||Total number of preferred share holders who|||||
|shareholders at the end|||had resumed their voting right at the end of|||0||
|of the reporting period|||the reporting period (if any)|||||
|Shareholdings of top ten shareholders (all being non-restricted share holders)||||||||
|||||Increase/decr|Number of|Shares|Type of|
|||Nature of|Percentage of|ease in the|non-restricted|pledged|shares (A,|
|Name of shareholder||||||||
|||shareholder|shareholding|reporting|shares held at|or frozen|B, H or|
|||||period|the period-end|(share)|other)|
|CHINA NANSHAN DEVELOPMENT(GROUP) INC.|||32.52%|0|209,687,067|||
|||||||0|A share|
|SHENZHEN MALAI STORAGE CO., LTD.|||25%|0|161,190,933|0|A share|
|KEEN FIELD ENTERPRISES LIMITED||Foreign shareholder|8.58%|0|55,314,208|0|B share|
|CMBLSA RE FTIF TEMPLETON ASIANGRW FD GTI 5496||Foreign shareholder|7.43%|0|47,914,954|||
|||||||Unknown|B share|
|GIC PRIVATE LIMITED||Foreign shareholder|0.66%|4,275,390|4,275,390|Unknown|B share|
|EMPLOYEES PROVIDENT FUND||Foreign shareholder|0.44%|-757,996|2,828,270|Unknown|B share|
|TEMPLETON ASIAN GROWTH FUND||Foreign shareholder|0.41%|0|2,657,852|Unknown|B share|
|BBH A/C VANGUARD EMERGINGMARKETS STOCK INDEX FUND||Foreign shareholder|0.40%|0|2,595,918|||
|||||||Unknown|B share|
|CMBNA/STICHTING PENS FND ABP||Foreign shareholder|0.39%|0|2,504,856|Unknown|B share|
|KUMPULAN WANG PERSARAAN(DIPERBADANKAN)||Foreign shareholder|0.37%|0|2,368,067|||
|||||||Unknown|B share|
||||China Merchants Holdings (International) Company Limited was a|||||
||||shareholder of China Nanshan Development (Group) Inc.,|||||
||||Shenzhen Malai Storage Co., Ltd. was a wholly-funded subsidiary|||||
|Explanation on associated relationship or/and persons acting in|||of China Merchants Holdings (International) Company Limited,|||||
|concert among the above-mentioned shareholders:|||and Keen Field Enterprises Limited was also a wholly-funded|||||
||||subsidiary of China Merchants Holdings (International) Company|||||
||||Limited. Other than that, the Company does not know whether the|||||
||||other non-restricted shareholders are related parties or not.|||||

（3）Shareholdings of the top 10 preferred share holders
□ Applicable√ Inapplicable
（4）Change of the controlling shareholder or the actual controller
Change of the controlling shareholder in the reporting period
□ Applicable√ Inapplicable
Change of the actual controller in the reporting period
□ Applicable√ Inapplicable
3. Discussion and analysis by the management
The Company is principally engaged in the handling, warehousing and transportation of containers and bulk cargoes, as well as the provision of related services.
The reporting period witnessed a slow recovery of the global economy, continuous weakness of the shipping
market, a sharp drop in the growth of import& export and a growth slowdown of the cargo throughput and the
container throughput of ports in the country. The container throughput of all ports in the country increased5.7%
Abstract of the 2014 Semi-annual Report of Shenzhen Chiwan Wharf Holdings Limited from the same period of last year, down by 2.6 percentage points, with that of Shenzhen Port (mainly engaged in foreign trade) registering a year-on-year drop of0.9%. Affected by a weak market and a high proportion of international transit in the business structure, the container throughput of the Company went down10.7% year on year. As for the bulk cargo business, the handling capacity of Machong Port was released to a great extent, boosting the bulk cargo throughput of the Company to grow31.0% in the first half of 2014. And at the same time, the proportion of cargo sources from foreign trade increased considerably and the business structure further improved. To be specific, in the reporting period, the cargo throughput of Chiwan Port went down14.9% year on year due to resource reduction and business relocation while that of Machong Port soared101.2% because of the excellent results of its market expansion effort and the rapid development of its business. Business highlights of the Company are set out as follows:
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|Main business indicator|Reporting period(Jan.-Jun. 2014)|Same period of last year(Jan.-Jun. 2013)|YoY +/-|
|Total throughput (thousand tons)|30,821|32,868|-6.2%|
|Among which: Container throughput (thousand TEU)|2,395|2,681|-10.7%|
|Chiwan Port|1,775|2,035|-12.8%|
|Mawan Port|620|646|-4.0%|
|Throughput of bulk cargo (thousand tons)|7,823|5,974|31.0%|
|Chiwan Port|3,075|3,614|-14.9%|
|Machong Port|4,748|2,360|101.2%|
|Hours charged for tow trucks (thousand hours)|543|585|-7.2%|
|Hours charged for tugboats (hour)|14,581|15,320|-4.8%|

 The world economy will remain complex and changeable in the second half of 2014, with continuously polarized recovery and growth in it. And the domestic economy shows a tendency of restructuring. With weak demand growth both at home and abroad, as well as the continuous overcapacity, it is hard for the shipping market to recover. We will face some big challenges in the container business in the future. And as countermeasures, we will continue to enhance our effort in exploring local cargo sources, speed up berth alteration to adapt to bigger ships, improve the operation efficiency and service, and try to maintain relative stability of our current market share. Our bulk cargo business will keep growing steadily, but the throughput is expected to slow down in growth in the second half of the year due to the market situation. We will also continue to push forward delicacy management and cost decreasing& benefit increasing, accelerate the warehouse supporting project for Machong Port, attach importance to technique innovation and energy saving& consumption reduction, and thoroughly improve the port resource utilization efficiency and enterprise operation efficiency.
No significant change occurred to the structures of main business lines and profit during the reporting period. And the main financial indicators are set out as follows:
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|-|-|-|-|
|Main financial indicators|Jan.-Jun.2014|Jan.-Jun.2013|YoY +/-|
|Operating income (RMB Yuan)|875,981,241.59|865,235,792.24|1.24%|
|Operating profit (RMB Yuan)|338,134,354.99|431,778,589.42|-21.69%|
|Net profit attributable to shareholders of the parent(RMB Yuan)|235,338,598.71|295,594,905.20|-20.38%|

 Operating income increased1.24% year on year because of the increased throughput of bulk cargo. Operating profit and net profit attributable to shareholders of the parent went down21.69% and20.38% respectively on a year-on-year basis mainly because operating costs increased due to the depreciation, labor, outsourcing and rent costs, and the financial expenses increased due to the increased average occupation amount of interest-borne loans
and the loan interest rates, as well as the increased exchange loss on RMB depreciation.
Abstract of the 2014 Semi-annual Report of Shenzhen Chiwan Wharf Holdings Limited 4. Matters related to financial reporting
(1) Explain change of the accounting policies, accounting estimates and measurement methods as compared with the financial reporting of last year
N/A
(2) Explain retrospective restatement due to correction of significant accounting errors in the reporting period
N/A
(3) Explain change of the consolidation scope as compared with the financial reporting of last year
N/A
(4) Explanation of the Board of Directors and the Supervisory Committee concerning the “non-standard audit report” issued by the CPAs firm for the reporting period
N/A
For and on behalf of the Board
Zheng Shaoping
Chairman
Shenzhen Chiwan Wharf Holdings Limited
Dated 27 August 2014