Stock code: 200053 Abbreviation: Chiwan Base -B Serial number: 2014-47 SHENZHEN CHIWAN PETROLEUM SUPPLY BASE CO., LTD.
THE ABSTRACT OF INTERIM REPORT FOR YEAR 2014Ⅰ. Important Notice
1. This abstract of interim report is extracted from the full text of interim report for year 2014 which is published on www.cninfo.com.cn or website of Shenzhen Stock Exchange designated by CSRC simultaneously. Investors shall read the full text carefully for the details.
2. Company Profile
||||||
|-|-|-|-|-|
|Share Abbreviation|Chiwan Base B|Share Code||200053|
|Stock Exchange|Shenzhen Stock Exchange||||
|Contact Person|Board Secretary||Securities Representative||
|Name|Song Tao||Li Zizheng||
|Telephone|0755-26694211||0755-26694211||
|Fax|0755-26694227||0755-26694227||
|Email|sa@chiwanbase.com||sa@chiwanbase.com||

Ⅱ. Major Financial Data and Change of Shareholders
1. Major Financial Data
Retroactive Adjustment
□ Yes √ No
Unit: RMB
|||||
|-|-|-|-|
||Report Period（Jan to|Last Period (Jan to||
||||Percentage Change (%)|
||June, 2014）|June, 2013)||
|Operating Revenue|350,271,977.64|324,914,333.97|7.80%|
|Net Profit Attributed to Shareholders of|119,725,120.29|97,688,879.23||
||||22.56%|
|Listed Company||||
|Net Profit Net of Non-recurring Gain and||||
||115,952,266.09|95,751,585.09|21.10%|
|Loss Attributed to Listed Company||||
|Net Cash Flows from Operating Activities|136,559,887.41|193,207,120.14|-29.32%|
|Basic Earnings per Share (RMB/Share)|0.52|0.42|23.81%|
|Diluted Earnings per Share (RMB/Share)|0.52|0.42|23.81%|
|Weighted Average Return on Equity（%）|7.81%|7.33%|0.48%|
||June 30, 2014|December 31, 2013|Percentage Change (%)|
|Total Assets|4,832,531,002.44|4,501,064,624.96|7.36%|
|Owner’s Equity Attributed to Shareholders|1,593,523,154.09|1,472,986,548.28||
||||8.18%|
|of Listed Company||||

2. Top 10 Shareholders
Unit: Share
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|Total shareholders in reporting period||7,037||||||||
|Particulars about Shareholders with 5% or above/Top Ten Common Shareholders||||||||||
||||||Change|||Impawned or||
||||Ratio|Total shares||Non-tradable|Tradable|Frozen Shares||
|Name|Nature||||in the|||||
||||（％）|held|report|shares|shares|Status|Shares|
||||||period|||||
|CHINA NANSHANDEVELOPMENT (GROUP)INCORPORATION|Domestic LegalPerson||51.79%|119,420,000|0|119,420,000|0|||
|China Logistics Holding (12)PTE.LTD.|Foreign LegalPerson||19.90%|45,890,000|0|0|45,890,000|||
|CHINA MECHANTSSECURITIES (HONGKONG)LTD|State-ownedLegal Person||1.46%|3,361,068|44,140|0|3,361,068|||
|MATTHEWS CHINADIVIDEND FUND|Foreign LegalPerson||0.81%|1,861,968|0|0|1,861,968|||
|GUOTAI JUNANSECURITIES(HONGKONG)LIMITED|Foreign LegalPerson||0.55%|1,275,742|430,062|0|1,275,742|||
|GREENWOODS CHINAALPHA MASTER FUND|Foreign LegalPerson||0.43%|984,693|984,693|0|984,693|||
|DEUTSCHE BANK AGLONDON|Foreign LegalPerson||0.36%|833,136|833,136|0|833,136|||
|VANGUARD TOTALINTERNATIONAL STOCKINDEX FUND|Foreign LegalPerson||0.33%|756,136|756,136|0|756,136|||
|LI SHU CHUN|DomesticNatural Person||0.30%|681,720|0|0|681,720|||
|CHINA INT'L CAPITAL CORPHONG KONG SECURITIESLTD|Foreign LegalPerson||0.27%|631,089|24,700|0|631,089|||
||||Among the top ten shareholders, the domestic legal entity shareholder, China|||||||
||||Nanshan Development (Group) Incorporation has no affiliated relations with|||||||
|Explanation for the Affiliated Relations or United|||other shareholders and does not fall into the scope of united action person|||||||
|Action of the Top Ten Shareholders|||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.|||||||
|Remarks on Shareholders Involved in Securities||||||||||
||||N/A|||||||
|Margin Trading||||||||||

3. Changes of Controlling Shareholder or Actual Controller
Changes of Controlling Shareholder in the Report Period
□ Applicable√ Inapplicable
Changes of Actual Controller in the Report Period
□ Applicable√ Inapplicable
Ⅲ. Business Discussion and Analysis
In the first half year of 2014, the Company has achieved revenue of RMB 350 million, an increase of7.8% compared with same period of last year; the net profit attributed to the parent Company was RMB120 million, an increase of22.6% compared with same period of last year. The Company has obtained outstanding achievement
with clear ideas and sound measures.
1. Offshore Oil Logistics Business: In the case of leasing costs and labor costs rising sharply, offshore oil
logistics business has maintained a stable profitability by means of successful innovation management, technology
optimization, costs controlling etc.
2. Blogis Business: Good performance of operating Baowan logistics parks. To promote establishment of standard operating system, optimize the quality and efficiency of service and etc, the rent price of warehouses for operating logistics parks achieved a stable growth.
3. Investment Income: Investment income from CSE has steady growth compared to the same period last year. Changes of Major Financial Data
Unit: RMB
||||||
|-|-|-|-|-|
||Report Period||||
|||Last Period (Jan to|||
||(Jan to June,||Change (%)|Reason|
|||June, 2013)|||
||2014)||||
|Operating Revenue|350,271,977.64|324,914,333.97|7.80%||
|Operating Cost|120,852,155.43|112,798,866.77|7.14%||
|Selling Expenses|34,889.70|43,267.18|-19.36%||
|Administrative Expenses|39,717,743.31|35,431,311.90|12.10%||
|Financial Expenses|63,497,268.39|70,750,834.66|-10.25%||
|Income Taxes Expenses|22,704,550.04|18,939,004.80|19.88%||
||136,559,887.41|193,207,120.14||detained revenue from|
|Net Cash Flows from|||||
||||-29.32%|renewal rental contracts|
|Operating Activities|||||
|||||for oil clients|
|Net Cash Flows from|-250,686,405.56|-427,262,914.73||cash flow from financial|
||||-41.33%||
|Investing Activities||||products decreased|
|Net Cash Flows from|36,959,303.32|-232,772,327.56|||
||||-115.88%|bank loans increased|
|Financing Activities|||||
|Net Increase in Cash and|-77,167,214.83|-466,828,355.44|||
||||-83.47%||
|Cash Equivalents|||||

No major changes on profit composition or profit resources occurred in reporting period
No future development or planning extended to reporting period that published in disclosure documents as prospectus, private placing memorandum and recapitalize statement.
Main Business Composition
Unit: RMB
||||||||
|-|-|-|-|-|-|-|
|||||Operating||Gross Profit|
||Operating||Gross Profit||Operating Cost||
|||Operating Cost||Revenue||Rate Change|
||Revenue||Rate (%)||Change（%）||
|||||Change（%）||（%）|
|By Industries|||||||
|Warehouse and|||||||
||217,366,481.92|78,265,066.50|63.99%|1.19%|5.44%|-1.45%|
|Storage|||||||
|Loading and|||||||
|Unloading|70,289,085.35|20,875,744.27|70.30%|48.27%|14.45%|8.78%|
|Services|||||||
|Harbor|||||||
||34,144,921.98|7,668,823.62|77.54%|-2.54%|18.96%|-4.06%|
|Management|||||||
|Office Leasing|||||||
||28,462,161.39|14,042,521.04|50.66%|2.89%|1.15%|0.85%|
|and Other|||||||
|By Regions|||||||

||||||||
|-|-|-|-|-|-|-|
|South China|184,276,440.94|69,933,465.04|62.05%|8.64%|10.42%|-0.61%|
|East China|96,550,216.72|25,307,604.84|73.79%|9.32%|0.47%|2.31%|
|North China|41,558,277.81|14,017,703.04|66.27%|-1.71%|5.80%|-2.39%|
|Southwest|||||||
||27,877,715.17|11,593,382.51|58.41%|12.88%|5.14%|3.06%|
|China|||||||

Business Performance and Analysis of Main Subsidiaries and Associated Companies
Offshore Oil Logistics Business
In the first half year of 2014, offshore oil logistics business achieved revenue of RMB 172 million, an increase of9.5% compared with the same period of last year and net profit of RMB 77 million, an increase of9.8% compared with the same period of last year. In the case of leasing costs and labor costs rising sharply, offshore oil logistics business has maintained a stable profitability by means of successful innovation management, technology optimization, costs controlling and etc.
Blogis Business
Business Performance of Blogis
Unit: RMB’0000
|||||||
|-|-|-|-|-|-|
||Revenue|Net Profit|Occupation Rate（%）|Revenue Change（%）|Net Profit Change（%）|
|Shanghai Baowan|4383|2190|100|4.86|-15.15|
|Shanghai Mingjiang|2618|1341|100|16.61|1.36|
|Kunshan Baowan|2655|1338|100|10.35|25.87|
|Langfang Baowan|1293|486|82.01|-23.36|-21.36|
|Tianjin Baowan|2863|1209|96.58|12.67|20.66|
|Xindu Baowan|993|325|97.79|4.31|67.53|
|Longquan Baowan|1794|595|98.64|18.26|39.34|
|Guangzhou Baowan|394|24|100|4.79|242.86|
|Shenzhen Baowan|834|67|85|-5.44|-54.11|

Note: The net profit of above-mentioned subsidiaries is exclusive of interest expenses.
Baowan logistics parks have operated well in reporting period. Net profit of Shanghai Baowan decreased resulted from tax policy adjustment, Net profit of Langfang Baowan decreased resulted from surrender of tenancy.Net profit of Shenzhen Baowan decreased by rising costs from warehouse maintenance.
Associated Companies
CSE: The Company holds32% equity of CSE. CSE has contributed an investment income of RMB 24.96 million to the Company, an increase of3% compared with the same period of last year.
CPEC: The Company holds20% equity of CPEC. CPEC has cumulative loss of RMB 3.95 million in reporting period and affected investment income to the Company by -0.79 million.
China Development Finance Limited: The Company holds20% equity. It contributed investment income of RMB1.33 million to the Company in reporting period.
Project Construction Progress
Guangzhou Baowan Plot A: The construction of 4 3-tier warehouses, one office building and ancillary building
with an area of about133,000㎡.Plot A1 has completed construction, which plans to be delivered in September
2014.
Chengdu Longquan Baowan: The
3th
phase construction of 2 warehouses with an area of around48,000㎡, which has completed construction and put into operation.
Nanjing Baowan: The construction of 7 warehouses and one multiple-used building with an area of 107,000 m2 is expected to be completed in August 2014.
Nantong Baowan
1st
Phase: The construction of four warehouses and two multiple-used buildings with an area of 46,700
m2
is expected to be completed in August 2014.
Wuhan Baowan: The construction of eight warehouses and a multiple-used building with an area of 177,000 m2 is expected to be split in two phase. The
1st
phase with an area of about 140,000
m2
is expected to be completed in November 2014.
Chiwan Base Eastern Highland Project: The construction of 2 new warehouse located Land A with an area of12,000㎡ is completed at the end of 2013. The office building expansion project in Land B plans to be completed and delivered in July 2014 with an area of1,000㎡.The construction of one warehouse in Land C with an area of 4,800
m2
is expected to be completed in November 2014.
Tianjin Bingang Baowan: The ground treatment works have been completed. Preloading and construction design is undergoing.
Ⅳ. Related Issues about Financial Report
1. Changes in Accounting Policy, Accounting Estimation and Way of Accounting in Comparison with the Latest Annual Report
Inapplicable
2. Retrospective Restatement Necessary for Correction of Significant Accounting Errors during the Report Period
Inapplicable
3. Changes in Range of the Consolidated Statements in Comparison with the Financial Report of the Previous Year
Newly-established Baowan Logistic Feidong Ltd,Xi’an Baowan International Logistics Ltd and Xianyang Baowan International Logistics Ltd have been brought into the consolidated statements in reporting period. 4. Notes of the Board of Directions and Supervisory Committee on the UnqualifiedAuditor’s Report Issued by the CPAs in reporting period
Inapplicable
Board of Directors
Shenzhen Chiwan Petroleum Supply Base Co., Ltd. August 30, 2014