Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017 SHENZHEN CHIWAN WHARF HOLDINGS LIMITED THIRD QUARTER REPORT 2017
Date of disclosure: October 30, 2017
Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017 Section I Important Statements
The board of directors (the “Board”), the board of supervisors (the “Board of Supervisors”) as well as the directors, supervisors and senior management of Shenzhen Chiwan Wharf Holdings Limited (the “Company”) hereby guarantee the factuality, accuracy and completeness of the contents of this Report, and shall be jointly and severally liable for any false representation, misleading statements or material omissions in this Report.
All the directors attended the board meeting for the review of this Report.
Board Chairman Bai Jingtao, Chief Financial Officer Yao Shenglan and Financial Manager Li Xiaopeng hereby guarantee that the financial statements carried in this Report are factual, accurate and complete.
This Report has been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese version shall prevail.
Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017 Part II Company Fundamentals
I Key Consolidated Operating Results
Indicate by tick mark whether the Company needs to retrospectively restate any of its accounting data.
√ Yes□ No
||||||||
|-|-|-|-|-|-|-|
||September 30, 2017||December 31, 2016||Change||
|Total assets (RMB)|8,062,135,991.24||7,790,930,906.98||3.48%||
|Equity attributable to owners of the|4,864,342,734.09||4,736,505,836.65||||
||||||2.70%||
|parent (RMB)|||||||
|||||January-September|||
||July-September 2017|YoY change||||YoY change|
|||||2017|||
|Net sales (RMB)|686,261,296.41|6.81%||1,862,912,314.40||4.93%|
|Net margin attributable to owners of|164,362,034.13|||440,423,391.63|||
|||3.86%||||3.68%|
|the parent (RMB)|||||||
|Net margin attributable to owners of|||||||
|the parent before exceptional gains|163,375,030.69|1.87%||438,986,151.58||3.27%|
|and losses (RMB)|||||||
|Net cash from operating activities||||916,388,412.10|||
||--|--||||19.23%|
|(RMB)|||||||
|Basic earnings per share (RMB/share)|0.255|4.08%||0.683||3.02%|
|Diluted earnings per share|0.255|||0.683|||
|||4.08%||||3.02%|
|(RMB/share)|||||||
|Weighted average return on equity|||||||
||3.42%|-0.13%||9.07%||-0.34%|
|(%)|||||||

Reasons:
Business merger under the same control, for details, see “II Progress, Influence and Solutions Associated with Significant Events in Part III Significant Events”
||||||
|-|-|-|-|-|
|||December 31, 2016||Change|
||September 30, 2017||||
|||Before adjustment|After adjustment|After adjustment|
|Total assets (RMB)|8,062,135,991.24|6,620,476,709.79|7,790,930,906.98|3.48%|
|Equity attributable to owners of the|4,864,342,734.09||4,736,505,836.65||
|||4,709,815,552.89||2.70%|
|parent (RMB)|||||
||July-September||January-September||
|||YoY change||YoY change|
||2017||2017||
|Net sales (RMB)|686,261,296.41|6.81%|1,862,912,314.40|4.93%|

Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017
||||||
|-|-|-|-|-|
|Net margin attributable to owners of|164,362,034.13||440,423,391.63||
|||3.86%||3.68%|
|the parent (RMB)|||||
|Net margin attributable to owners of|||||
|the parent before exceptional gains|163,375,030.69|1.87%|438,986,151.58|3.27%|
|and losses (RMB)|||||
|Net cash from operating activities|||916,388,412.10||
||--|--||19.23%|
|(RMB)|||||
|Basic earnings per share (RMB/share)|0.255|4.08%|0.683|3.02%|
|Diluted earnings per share|0.255||0.683||
|||4.08%||3.02%|
|(RMB/share)|||||
|Weighted average return on equity|||||
||3.42%|-0.13%|9.07%|-0.34%|
|(%)|||||

Exceptional gains and losses:
√ Applicable□ Not applicable
Unit: RMB
||||
|-|-|-|
|Item|January-September 2017|Note|
|Gains/Losses on disposal of non-current assets (inclusive of offset asset impairment|||
||-382,001.25||
|provisions)|||
|Governmental subsidy recorded into current gains/losses (exclusive of governmental|||
|subsidy closely relevant to business events, and quantified according to national unified|1,058,201.77||
|standards)|||
|Non-operating income and expense other than above|2,126,781.23||
|Less: Income tax effects|517,484.97||
|Minority interests effects (after tax)|848,256.73||
|Total|1,437,240.05|--|

 Explanation of why the Company classified an item as an exceptional gain/loss according to the definition in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to thePublic—Exceptional Gains and Losses, or reclassified any exceptional gain/loss item given as an example in the said explanatory announcement as a recurrent gain/loss:
□ Applicable√ Not applicable
No such cases in the Reporting Period.
II Total Number of Shareholders and Shareholdings of Top 10 Shareholders at Period-End 1. Numbers of Common Shareholders and Preference Shareholders with Resumed Voting Rights, and Shareholdings of Top 10 Shareholders
Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017 Unit: share
||||||||
|-|-|-|-|-|-|-|
|Total number of|36,333 shareholders in total, including 25,867A-share holders and 10,466 B-share holders||||||
|||||Total number of preference shareholders|||
|shareholders at the|||||||
|||||who had resumed their voting right at the||0|
|end of the|||||||
|||||end of the Reporting Period|||
|Reporting Period数|||||||
|Shareholdings of top 10 shareholders (all being non-restricted share holders)|||||||
||||Percentage||||
||||||Type of shares|Shares|
|||Nature of|of|Number of non-restricted|||
|Name of shareholder|||||(A, B, H or|pledged or|
|||shareholder|shareholdin|shares held|||
||||||other)|frozen (share)|
||||g||||
|CHINA NANSHAN DEVELOPMENT(GROUP) INC.||State-ownedcorporation|32.52%|209,687,067|A share|0|
|SHENZHEN MALAI STORAGE CO., LTD.||Ordinarydomesticcorporation|25%|161,190,933|A share|0|
|KEEN FIELD ENTERPRISES LIMITED||Foreigncorporation|8.58%|55,314,208|B share|0|
|CMBLSA RE FTIF TEMPLETON ASIANGRW FD GTI 5496||Foreigncorporation|7.43%|47,914,954|B share|Unknown|
|NORGES BANK||Foreigncorporation|0.43%|2,802,863|B share|Unknown|
|BBH A/C VANGUARD EMERGINGMARKETS STOCK INDEX FUND||Foreigncorporation|0.41%|2,617,518|B share|Unknown|
|CHINA MERCHANTS SECURITIES(HONGKONG) LIMITED||State-ownedcorporation|0.34%|2,218,562|B share|Unknown|
|CANADA POST CORPORATIONREGISTERED PENSION PLAN||Foreigncorporation|0.25%|1,631,396|B share|Unknown|
|VANGUARD TOTAL INTERNATIONALSTOCK INDEX FUND||Foreigncorporation|0.24%|1,530,596|B share|Unknown|
|GUOTAI JUNANSECURITIES(HONGKONG) LIMITED||Foreigncorporation|0.20%|1,317,877|B share|Unknown|
||||China Merchants Port Holdings Company Limited (CMPort) is a||||
||||shareholder of China Nanshan Development (Group) Inc.. Shenzhen||||
|Related or acting-in-concert parties among shareholders above|||Malai Storage Co., Ltd. and Keen Field Enterprises Limited are both||||
||||wholly-funded subsidiaries of CMPort. Other than that, the Company||||
||||does not know whether the other non-restricted shareholders are related||||
||||parties or not.||||
|Top 10 common shareholders conducting securities margin|||||||
||||N/A||||
|trading (if any)|||||||

Indicate by tick mark whether any of the top 10 common shareholders or the top 10 non-restricted common shareholders of the Company conducted any promissory repo during the Reporting Period.
□ Yea√ No
No such cases in the Reporting Period.
Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017 2. Total Number of Preference Shareholders and Shareholdings of Top 10 of Them at Period-End
□ Applicable√ Not applicable
Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017 Part III Significant Events
I Changes in Key Consolidated Financial Statement Items and Reasons for Such Changes√ Applicable□ Not applicable
Unit: RMB
||||||
|-|-|-|-|-|
|Item|September 30, 2017|December 31, 2016|Change|Main reason for change|
|Monetary funds|874,564,296.60|607,380,440.10|43.99%|Smaller loan repayment amount withthe Company’s own funds, andreceipt of government subsidy ofRMB100 million|
|Accounts receivable|357,777,879.12|214,806,648.35|66.56%|Increased net sales and timedifference of accounts receivable|
|Interest receivable|950,985.19|129,125.26|636.48%|Higher interest income from deposits|
|Short-term borrowings|155,000,000.00|241,270,000.00|-35.76%|Repayment of certain short-termborrowings|
|Accounts payable|139,067,248.54|100,280,495.74|38.68%|Higher payable for purchases andengineering services|
|Advances received|156,186,083.30|49,703,772.23|214.23%|Discounts in container handlingrevenue had not yet been returned toclients|
|Interest payable|9,123,534.28|3,577,374.14|155.03%|Interest provision was undue forpayment|
|Deferred income|158,715,165.15|64,613,319.88|145.64%|A government subsidy received wascharged to deferred income|
|Taxes payable|81,368,011.68|57,154,550.00|42.36%|Increase in income taxes payable bysubsidiaries CCT and DongguanChiwan Terminal|
|Other current liabilities|100,000,000.00|250,043,052.29|-60.01%|Repayment of due commercial paper|
|Item|January-September2017|January-September2016|Change|Main reason for change|
|Taxes and surtaxes|8,230,223.38|4,472,881.74|84.00%|Reclassification of stamp duty,property tax, land use tax and the likeas taxes and surtaxes|
|Finance costs|20,204,691.09|33,288,289.90|-39.30%|Decreases in average balance ofinterest-bearing liabilities and ininterest cost|
|Asset impairment losses|-1,480,049.31|1,080,549.96|-236.97%|Partial reversal of bad-debtprovisions associated with HanjinShipping|
|Cash generated by otheroperating activities|130,166,894.90|12,227,684.79|964.53%|Receipt of government subsidy ofRMB100 million and of watercourseoccupation refunds|
|Cash received asinvestment income|63,576,674.42|42,981,761.38|47.92%|Higher dividend received from jointventure China Overseas HarbourAffairs (Laizhou) Co., Ltd.|

Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017
||||||
|-|-|-|-|-|
|Net cash generated bydisposal of fixed assets,intangible assets and otherlong-term assets|2,941,303.87|1,916,084.08|53.51%|More disposals of fixed assets|
|Cash received asborrowings|229,850,000.00|336,270,000.00|-31.65%|Lower amount of loans obtained|
|Repayment of borrowings|466,270,000.00|1,019,938,092.30|-54.28%|Lower loan repayment amount|
|Cash used in otherfinancing activities|406,269.73|2,091,987.24|-80.58%|Decrease in financing costs resultedby lower amount of loans obtained|

 II Progress, Influence and Solutions Associated with Significant Events
√ Applicable□ Not applicable
The Company, China Merchants Port Holdings Company Limited, Fatten Investments Limited and Media Port Investments Limited have signed a Supplementary Agreement of Media Port Investments Limited Shareholder Agreement in Shenzhen dated August 23, 2017. According to the Supplementary Agreement, the Company was to take control of and bring into its consolidated financial statements Shenzhen Mawan Wharf Co., Ltd., Shenzhen Mawan Port Services Co., Ltd. and Shenzhen Mawan Warehouse& Terminals Co., Ltd. (collectively, the “Mawan Companies”). For more details, see the Announcement No. 2017-034 on Related Transaction of Signing Supplementary Agreement of Media Port Investments Limited Shareholder Agreement disclosed by the Company on http://www.cninfo.com.cn dated August 25, 2017.
As of the end of September 2017, the Company had finished appointing directors to Media Port Investments Limited, taking control of the Mawan Companies in form and substance. As per the Accounting Standard No. 33 for BusinessEnterprises—Consolidated Financial Statements, the Company has included the Mawan Companies in its consolidated financial statements as of September 2017; and restated the opening amounts and the amounts of the same period of last year of the comparative financial statements according to the requirements of business mergers under the same control. After the said consolidation, the Company has seen sound financial data, as well as significant improvements in total assets,owners’ equity, net sales, net margin and net cash from operating activities. Meanwhile, the difference arising from the translation of the foreign-currency financial statements of Media Port Investments Limited, which has been newly consolidated, resulted in an increase of RMB26.69 million in equities attributable to owners of the parent, and the net profit and earnings per share of the parent company are basically unchanged. For the specific financial data, see “Part IV Financial Statements” in theCompany’s 2017 Third Quarter Report.
||||
|-|-|-|
|Summary of significant event|Disclosure date|Index to related announcement|
|||Announcement No. 2017-034|
|Related Transaction of Signing Supplementary Agreement of|||
||08/25/2017|disclosed by the Company on|
|Media Port Investments Limited Shareholder Agreement|||
|||http://www.cninfo.com.cn|

 III Commitments that theCompany’s Actual Controller, Shareholders, Related Parties and Acquirers, as well as the Company and Other Commitment Makers, Failed to Fulfill on Time during Reporting Period
□ Applicable√ Not applicable
Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017 No such cases in the Reporting Period.
IV Forecast of 2017 Annual Operating Results
Warning of a possible loss on or a significant year-over-year change in accumulative net margin during the period the beginning of the current year through the end of the next reporting period, as well as the reasons:
□ Applicable√ Not applicable
V Securities Investments
√ Applicable□ Not applicable
||||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|||||||Gain/los|Cumulat||||||||
||||Initial|Account||s on fair|ive fair|Purchas|||||||
|||||ing||value|value||Sold in|Gain/loss|||||
|Variety of|Code of|Name of|investment|measure|Opening|changes|changes|ed in|current|in current|Closing||Accountin|Source|
|securities|securities|securities|||book value|||current|||book value||g title|of funds|
||||cost|ment||in|recorde|period|period|period|||||
|||||model||current|d into||||||||
|||||||period|equity||||||||
|Domestic|||||||||||||||
||||||||||||||Available-||
|and||Petroche||||||||||||Self-ow|
||400032||3,500,000|Cost|382,200|-|-|-|-|-|382,200||for-sale||
|||||||||||||||ned|
|foreign||mical A1||method|||||||||financial||
|||||||||||||||funds|
||||||||||||||assets||
|stock|||||||||||||||
|Domestic|||||||||||||||
||||||||||||||Available-||
|and||Guang||||||||||||Self-ow|
||400009||27,500|Cost|17,000|-|-|-|-|-|17,000||for-sale||
|||||||||||||||ned|
|foreign||Jian 1||method|||||||||financial||
|||||||||||||||funds|
||||||||||||||assets||
|stock|||||||||||||||
|Domestic|||||||||||||||
|||Jiangsu||Fair|||||||||||
||||||||||||||Available-||
|and|||||||1,260,0|||||||Self-ow|
||600377|Express|1,120,000|value|8,550,000|-||-|-|420,000|9,810,000||for-sale|ned|
|foreign|||||||00||||||financial||
|||way||method|||||||||assets|funds|
|stock|||||||||||||||
||||||||1,260,0||||||||
|Total|||4,647,500|--|8,949,200|-||-|-|420,000|10,209,200||--|--|
||||||||00||||||||
|Disclosure date of announcement of Board of Directors for review and approval of securities investment||||||||||||N/A|||
|Disclosure date of announcement of shareholder meeting for review and approval of securities investment (if any)||||||||||||N/A|||

VI Investments in Derivative Financial Instruments
□ Applicable√ Not applicable
No such cases in the Reporting Period.
Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017 VII Visits Paid to the Company for Purposes of Research, Communication, Interview, etc. during Reporting Period
√ Applicable□ Not applicable
|||||
|-|-|-|-|
|Date of visit|Way of visit|Type of visitor|About|
||Phone talk, one-on-one||Main inquiry: basic business condition, investments and|
||meeting and written inquiry||financial condition of the Company;|
|||Individual and||
|July-September 2017|(through the EasyIR platform||Materials provided: brochure of the Company;|
|||institution||
||of the Shenzhen Stock||Index: SZSE EasyIR|
||Exchange)||(http://irm.cninfo.com.cn/ssessgs/S000022/index.html)|

 VIII Irregularities Arising from Provision of Guarantees for Third Parties
□ Applicable√ Not applicable
No such cases in the Reporting Period.
IX Occupation of theCompany’s Funds by Its Controlling Shareholder or Related Parties for Non-Operating Purposes
□ Applicable√ Not applicable
No such cases in the Reporting Period.
X Internal Control Progress
Pursuant to the “Internal Control Rules for Enterprises” and the mating guidelines, the Company has completed the following internal control tasks for the third quarter of 2017:
1. The internal control task groups of the Headquarters and the subsidiaries have reviewed the flow chart risk matrix assessment of last year, and have re-described work flows within the internal control improvement scope according to business changes this year so as to formulate an internal control risk matrix and a core flow chart for the Company for 2017.
2. The internal control task groups of the Headquarters and the subsidiaries have searched for defects in internal control by walk-through tests.
3. The Company has searched for risks by going through the operation flows and has made a list of risks.
The Company carries out the internal control-related work according to the schedule for the internal control improvement plan for 2017. And the internal control project is right on schedule, with no derivation or delay.
Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017 X Targeted Measures Taken to Help People Lift Themselves out of Poverty
The Company did not take such measures in the third quarter of the year and has no such plans for now.
Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017 Part IV Financial Statements
I Financial Statements
1. Consolidated Balance Sheet
Prepared by Shenzhen Chiwan Wharf Holdings Limited
September 30, 2017
Unit: RMB
||||
|-|-|-|
|Item|September 30, 2017|December 31, 2016|
|Current assets:|||
|Monetary funds|874,564,296.60|607,380,440.10|
|Notes receivable|900,000.00|900,000.00|
|Accounts receivable|357,777,879.12|214,806,648.35|
|Prepayments|6,643,328.58|7,851,540.99|
|Interest receivable|950,985.19|129,125.26|
|Other accounts receivable|25,213,604.03|27,049,596.48|
|Inventories|26,445,646.78|22,011,047.53|
|Other current assets|21,003,698.39|18,310,220.71|
|Total current assets|1,313,499,438.69|898,438,619.42|
|Non-current assets:|||
|Available-for-sale financial assets|23,719,200.00|22,459,200.00|
|Long-term equity investments|1,144,985,398.15|1,151,874,922.62|
|Investment property|23,027,539.71|23,646,913.77|
|Fixed assets|3,724,875,469.65|3,871,497,807.85|
|Construction in progress|214,857,070.28|167,093,107.33|
|Intangible assets|1,361,773,483.24|1,397,932,963.83|
|Goodwill|10,858,898.17|10,858,898.17|
|Long-term deferred expense|99,272,947.31|102,257,785.97|
|Deferred income tax assets|12,451,558.16|12,500,983.16|
|Other non-current assets|132,814,987.88|132,369,704.86|
|Total non-current assets|6,748,636,552.55|6,892,492,287.56|
|Total assets|8,062,135,991.24|7,790,930,906.98|
|Current liabilities:|||

Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017
||||
|-|-|-|
|Short-term borrowings|155,000,000.00|241,270,000.00|
|Accounts payable|139,067,248.54|100,280,495.74|
|Advances received|156,186,083.30|49,703,772.23|
|Payroll payable|77,758,017.86|99,664,484.67|
|Taxes payable|81,368,011.68|57,154,550.00|
|Interest payable|9,123,534.28|3,577,374.14|
|Dividends payable|-|-|
|Other accounts payable|71,181,847.93|77,016,057.84|
|Other current liabilities|100,000,000.00|250,043,052.29|
|Total current liabilities|789,684,743.59|878,709,786.91|
|Non-current liabilities:|||
|Bonds payable|298,780,273.96|298,331,506.85|
|Long-term accounts payable|25,000,000.00|25,000,000.00|
|Special payables|33,327,666.64|34,326,860.44|
|Deferred income|158,715,165.15|64,613,319.88|
|Deferred income tax liabilities|9,356,134.10|5,987,292.50|
|Total non-current liabilities|525,179,239.85|428,258,979.67|
|Total liabilities|1,314,863,983.44|1,306,968,766.58|
|Owners’ equity:|||
|Share capital|644,763,730.00|644,763,730.00|
|Capital reserve|167,480,381.25|167,480,381.25|
|Other comprehensive income|23,813,048.03|24,588,088.79|
|Special reserve|9,711,994.49|4,145,765.65|
|Surplus reserve|520,074,434.56|520,074,434.56|
|Retained earnings|3,498,499,145.76|3,375,453,436.40|
|Equity attributable to owners of the parent|4,864,342,734.09|4,736,505,836.65|
|Minority interests|1,882,929,273.71|1,747,456,303.75|
|Total owners’ equity|6,747,272,007.80|6,483,962,140.40|
|Total liabilities and owners’ equity|8,062,135,991.24|7,790,930,906.98|

 The financial statements from Page 11 to Page 21 are signed by:
Legal representative: Bai Jingtao
Accounting head for this Report: Yao Shenglan
Head of the accounting organ: Li Xiaopeng
Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017 2. Parent Company Balance Sheet
Unit: RMB
||||
|-|-|-|
|Item|September 30, 2017|December 31, 2016|
|Current assets:|||
|Monetary funds|200,879,162.16|97,401,657.09|
|Accounts receivable|17,998,494.23|14,730,412.29|
|Prepayments|-|175,000.00|
|Dividends receivable|-|134,702,787.76|
|Other accounts receivable|517,457,853.59|582,452,104.00|
|Inventories|497,482.51|394,234.74|
|Other current assets|988,881.86|997,740.76|
|Total current assets|737,821,874.35|830,853,936.64|
|Non-current assets:|||
|Available-for-sale financial assets|23,719,200.00|22,459,200.00|
|Long-term accounts receivable|11,004,284.75|11,004,284.75|
|Long-term equity investments|2,022,540,265.95|2,032,600,191.97|
|Investment property|13,237,627.77|13,600,159.92|
|Fixed assets|207,290,779.16|179,815,891.12|
|Construction in progress|2,606,676.00|29,437,068.97|
|Intangible assets|60,688,517.86|62,890,018.39|
|Long-term deferred expense|4,021,874.62|4,156,590.13|
|Total non-current assets|2,345,109,226.11|2,355,963,405.25|
|Total assets|3,082,931,100.46|3,186,817,341.89|
|Current liabilities:|||
|Accounts payable|13,519,878.96|15,743,751.91|
|Payroll payable|43,588,172.71|53,761,846.04|
|Taxes payable|4,311,051.90|1,906,748.15|
|Interest payable|11,818,787.23|5,657,953.71|
|Dividends payable|37,608,540.65|37,608,540.65|
|Other accounts payable|592,526,277.84|358,982,632.32|
|Other current liabilities|100,000,000.00|250,000,000.00|
|Total current liabilities|803,372,709.29|723,661,472.78|
|Non-current liabilities:|||
|Bonds payable|298,780,273.96|298,331,506.85|
|Long-term accounts payable|150,650,000.00|116,662,000.00|
|Deferred income tax liabilities|2,172,500.00|1,857,500.00|
|Total non-current liabilities|451,602,773.96|416,851,006.85|
|Total liabilities|1,254,975,483.25|1,140,512,479.63|
|Owners’ equity|||
|Share capital|644,763,730.00|644,763,730.00|
|Capital reserve|240,001,254.59|240,001,254.59|
|Other comprehensive income|6,617,500.00|5,672,500.00|
|Special reserve|1,240,119.47|1,027,543.25|
|Surplus reserve|520,074,434.56|520,074,434.56|
|Retained earnings|415,258,578.59|634,765,399.86|
|Total owners’ equity|1,827,955,617.21|2,046,304,862.26|
|Total liabilities and owners’ equity|3,082,931,100.46|3,186,817,341.89|

Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017 3. Consolidated Income Statement for July-September
Unit: RMB
||||
|-|-|-|
|Item|July-September 2017|July-September 2016|
|1. Operating revenue|686,261,296.41|642,497,334.27|
|Including: Net sales|686,261,296.41|642,497,334.27|
|2. Operating expenses|415,812,663.03|397,038,168.36|
|Including: Cost of sales|362,657,769.19|339,004,616.92|
|Taxes and surtaxes|1,853,478.88|1,036,819.66|
|Administrative expense|43,776,276.53|43,795,528.19|
|Finance costs|6,929,915.97|12,425,863.92|
|Asset impairment losses|595,222.47|775,339.67|
|Investment income (“-” for losses)|10,394,304.35|19,320,673.71|
|Other income|-|-|
|3. Operating margin (“-” for losses)|280,842,937.73|264,779,839.62|
|Add: Non-operating income|1,113,569.34|613,393.28|
|Including: Gains on disposal of non-current assets|144,255.59|-215,379.55|
|Less: Non-operating expense|126,565.90|2,703.72|
|Including: Losses on disposal of non-current assets|77,822.89|2,683.46|
|4. Gross margin (“-” for losses)|281,829,941.17|265,390,529.18|
|Less: Income tax expense|42,575,036.56|40,256,596.64|
|5. Net margin (“-” for losses)|239,254,904.61|225,133,932.54|
|Attributable to owners of the parent|164,362,034.13|158,250,238.49|
|Attributable to minority interests|74,892,870.48|66,883,694.05|
|6. Other comprehensive income, net of tax|7,500.00|352,500.00|
|Other comprehensive income, net of tax attributable to owners|||
||7,500.00|352,500.00|
|of the parent|||
|6.1 Other comprehensive income that will not be reclassified|||
||-|-|
|into gains/losses|||
|6.1.1 Changes in net liabilities or assets with a defined|||
||-|-|
|benefit plan upon re-measurement|||
|6.1.2 Share of other comprehensive income of investees|||
||-|-|
|that cannot be reclassified into gains/losses under equity method|||
|6.2 Other comprehensive income to be subsequently|||
||7,500.00|352,500.00|
|reclassified into gains/losses|||
|6.2.1 Share of other comprehensive income of investees|||
||-|-|
|that will be reclassified into gains/losses under equity method|||

Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017
||||
|-|-|-|
|6.2.2 Gains/Losses on fair value changes of|||
||7,500.00|352,500.00|
|available-for-sale financial assets|||
|Other comprehensive income, net of tax attributable to minority|||
||-|-|
|interests|||
|7. Total comprehensive income|239,262,404.61|225,486,432.54|
|Attributable to owners of the parent|164,369,534.13|158,602,738.49|
|Attributable to minority interests|74,892,870.48|66,883,694.05|
|8. Earnings per share|||
|8.1 Basic earnings per share|0.255|0.245|
|8.2 Diluted earnings per share|0.255|0.245|

 Where business mergers under the same control occurred in the current period, the net margin achieved by the merged parties before the business mergers was RMB58,229,973.56, with the amount for the same period of last year being RMB42,291,496.81.
Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017 4. Parent Company Income Statement for July-September
Unit: RMB
||||
|-|-|-|
|Item|July-September 2017|July-September 2016|
|1. Operating revenue|66,570,669.54|58,898,536.26|
|Less: Operating expenses|34,063,158.58|36,460,684.75|
|Taxes and surtaxes|372,041.64|60,217.85|
|Administrative expense|17,180,373.46|16,795,578.39|
|Finance costs|-2,591,099.97|4,596,652.68|
|Asset impairment losses|-|149.26|
|Investment income (“-” for loss)|8,886,788.50|16,559,186.27|
|Other income|-|-|
|2. Operating margin (“-” for losses)|26,432,984.33|17,544,439.60|
|Add: Non-operating income|6,337.00|6,362.35|
|Including: Gains on disposal of non-current assets|-|-|
|Less: Non-operating expense|3,311.81|20.00|
|Including: Losses on disposal of non-current assets|-|-|
|3. Gross margin (“-” for losses)|26,436,009.52|17,550,781.95|
|Less: Income tax expense|-|-|
|4. Net margin (“-” for losses)|26,436,009.52|17,550,781.95|
|5. Other comprehensive income, net of tax|7,500.00|352,500.00|
|5.1 Other comprehensive income that will not be reclassified into|||
||-|-|
|gains and losses|||
|5.1.1 Changes in net liabilities or assets with a defined benefit|||
||-|-|
|plan upon re-measurement|||
|5.1.2 Share of other comprehensive income of investees that|||
||-|-|
|cannot be reclassified into gains/losses under equity method|||
|5.2 Other comprehensive income to be subsequently reclassified|||
||7,500.00|352,500.00|
|into gains/losses|||
|5.2.1 Share of other comprehensive income of investees that will|||
||-|-|
|be reclassified into gains/losses under equity method|||
|5.2.2 Gains/Losses on fair value changes of available-for-sale|||
||7,500.00|352,500.00|
|financial assets|||
|6. Total comprehensive income|26,443,509.52|17,903,281.95|

Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017 5. Consolidated Income Statement for January-September
Unit: RMB
||||
|-|-|-|
|Item|January-September 2017|January-September 2016|
|1. Operating revenue|1,862,912,314.40|1,775,434,714.83|
|Including: Net sales|1,862,912,314.40|1,775,434,714.83|
|2. Operating expenses|1,194,041,544.89|1,152,337,888.79|
|Including: Cost of sales|1,045,402,366.92|981,827,555.72|
|Taxes and surtaxes|8,230,223.38|4,472,881.74|
|Administrative expense|121,684,312.81|131,668,611.47|
|Finance costs|20,204,691.09|33,288,289.90|
|Asset impairment losses|-1,480,049.31|1,080,549.96|
|Investment income (“-” for losses)|56,687,149.95|72,201,947.34|
|Including: Share of gains/losses of associates and joint|||
||47,270,149.95|65,909,759.49|
|ventures|||
|Other income|-|-|
|3. Operating margin (“-” for losses)|725,557,919.46|695,298,773.38|
|Add: Non-operating income|3,733,188.38|4,027,849.62|
|Including: Gains on disposal of non-current assets|437,309.16|106,159.61|
|Less: Non-operating expense|930,206.63|575,529.14|
|Including: Losses on disposal of non-current assets|819,310.41|571,751.84|
|4. Gross margin (“-” for losses)|728,360,901.21|698,751,093.86|
|Less: Income tax expense|115,435,176.00|99,914,016.54|
|5. Net margin (“-” for losses)|612,925,725.21|598,837,077.32|
|Attributable to owners of the parent|440,423,391.63|424,785,745.46|
|Attributable to minority interests|172,502,333.58|174,051,331.86|
|6. Other comprehensive income, net of tax|945,000.00|45,000.00|
|Other comprehensive income, net of tax attributable to owners|||
||945,000.00|45,000.00|
|of the parent|||
|6.1 Other comprehensive income that will not be reclassified|-|-|
|into gains/losses|||
|6.1.1 Changes in net liabilities or assets with a defined|||
||-|-|
|benefit plan upon re-measurement|||
|6.1.2 Share of other comprehensive income of investees|||
||-|-|
|that cannot be reclassified into gains/losses under equity method|||
|6.2 Other comprehensive income to be subsequently|||
||945,000.00|45,000.00|
|reclassified into gains/losses|||

Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017
||||
|-|-|-|
|6.2.1 Share of other comprehensive income of investees|||
||-|-|
|that will be reclassified into gains/losses under equity method|||
|6.2.2 Gains/Losses on fair value changes of|||
||945,000.00|45,000.00|
|available-for-sale financial assets|||
|Other comprehensive income, net of tax attributable to minority|||
||-|-|
|interests|||
|7. Total comprehensive income|613,870,725.21|598,882,077.32|
|Attributable to owners of the parent|441,368,391.63|424,830,745.46|
|Attributable to minority interests|172,502,333.58|174,051,331.86|
|8. Earnings per share|||
|8.1 Basic earnings per share|0.683|0.663|
|8.2 Diluted earnings per share|0.683|0.663|

 Where business mergers under the same control occurred in the current period, the net margin achieved by the merged parties before the business mergers was RMB135,542,110.31, with the amount for the same period of last year being RMB92,084,563.95.
Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017 6. Parent Company Income Statement for January-September
Unit: RMB
||||
|-|-|-|
|Item|January-September 2017|January-September 2016|
|1. Operating revenue|186,607,006.88|164,608,566.39|
|Less: Operating expenses|96,056,923.22|101,410,635.59|
|Taxes and surtaxes|1,667,191.54|1,607,995.47|
|Administrative expense|47,944,096.99|50,174,669.41|
|Finance costs|-6,158,195.61|9,691,227.40|
|Asset impairment losses|-7,730.22|2,044.50|
|Investment income (“-” for loss)|52,464,958.97|65,596,852.64|
|Including: Share of gains/losses of associates and joint|||
||43,047,958.97|59,304,664.79|
|ventures|||
|Other income|-|-|
|2. Operating margin (“-” for losses)|99,569,679.93|67,318,846.66|
|Add: Non-operating income|557,533.35|1,637,736.57|
|Including: Gains on disposal of non-current assets|304,464.57|171,544.01|
|Less: Non-operating expense|227,668.21|232,546.52|
|Including: Losses on disposal of non-current assets|223,219.56|232,546.52|
|3. Gross margin (“-” for losses)|99,899,545.07|68,724,036.71|
|Less: Income tax expense|-396,443.74|-22,956.92|
|4. Net margin (“-” for losses)|100,295,988.81|68,746,993.63|
|5. Other comprehensive income, net of tax|945,000.00|45,000.00|
|5.1 Other comprehensive income that will not be reclassified|||
||-|-|
|into gains and losses|||
|5.1.1 Changes in net liabilities or assets with a defined|||
||-|-|
|benefit plan upon re-measurement|||
|5.1.2 Share of other comprehensive income of investees that|||
||-|-|
|cannot be reclassified into gains/losses under equity method|||
|5.2 Other comprehensive income to be subsequently|||
||945,000.00|45,000.00|
|reclassified into gains/losses|||
|5.2.1 Share of other comprehensive income of investees that|||
||-|-|
|will be reclassified into gains/losses under equity method|||
|5.2.2 Gains/Losses on fair value changes of|||
||945,000.00|45,000.00|
|available-for-sale financial assets|||
|6. Total comprehensive income|101,240,988.81|68,791,993.63|

Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017 7. Consolidated Cash Flow Statement for January-September
Unit: RMB
||||
|-|-|-|
|Item|January-September 2017|January-September 2016|
|1. Cash generated by or used in operating activities:|||
|Cash generated by sale of commodities and rendering of service|1,886,755,850.59|1,764,532,068.68|
|Cash generated by other operating activities|130,166,894.90|12,227,684.79|
|Subtotal of cash generated by operating activities|2,016,922,745.49|1,776,759,753.47|
|Cash paid for goods and services|552,027,076.14|495,535,759.29|
|Cash paid to and for employees|321,966,068.17|314,332,672.20|
|Taxes paid|119,220,073.51|107,777,242.73|
|Cash used in other operating activities|107,321,115.57|90,513,799.59|
|Subtotal of cash used in operating activities|1,100,534,333.39|1,008,159,473.81|
|Net cash from operating activities|916,388,412.10|768,600,279.66|
|2. Cash generated by or used in investing activities:|||
|Cash received as investment income|63,576,674.42|42,981,761.38|
|Net cash generated by disposal of fixed assets, intangible assets and|||
||2,941,303.87|1,916,084.08|
|other long-term assets|||
|Subtotal of cash generated by investing activities|66,517,978.29|44,897,845.46|
|Cash paid to acquire fixed assets, intangible assets and other|||
||137,273,803.83|104,620,042.89|
|long-term assets|||
|Subtotal of cash used in investing activities|137,273,803.83|104,620,042.89|
|Net cash from investing activities|-70,755,825.54|-59,722,197.43|
|3. Cash generated by or used in financing activities:|||
|Cash received as borrowings|229,850,000.00|336,270,000.00|
|Subtotal of cash generated by financing activities|229,850,000.00|336,270,000.00|
|Repayment of borrowings|466,270,000.00|1,019,938,092.30|
|Cash paid for interest expenses and distribution of dividends or|||
||334,203,771.24|293,208,811.58|
|profit|||
|Cash used in other financing activities|406,269.73|2,091,987.24|
|Sub-total of cash used in financing activities|800,880,040.97|1,315,238,891.12|
|Net cash from financing activities|-571,030,040.97|-978,968,891.12|
|4. Effect of foreign exchange rate changes on cash and cash equivalents|-7,418,689.09|3,266,176.77|
|5. Net increase in cash and cash equivalents|267,183,856.50|-266,824,632.12|
|Add: Opening balance of cash and cash equivalents|607,380,440.10|853,942,590.54|
|6. Closing balance of cash and cash equivalents|874,564,296.60|587,117,958.42|

Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017 8. Parent Company Cash Flow Statement for January-September
Unit: RMB
||||
|-|-|-|
|Item|January-September 2017|January-September 2016|
|1. Cash generated by or used in operating activities:|||
|Cash generated by sale of commodities and rendering of service|188,772,047.78|174,937,200.38|
|Cash generated by other operating activities|469,499,883.46|546,013,547.01|
|Subtotal of cash generated by operating activities|658,271,931.24|720,950,747.39|
|Cash paid for goods and services|55,985,809.13|52,622,670.73|
|Cash paid to and for employees|83,152,010.01|91,312,092.54|
|Taxes paid|6,507,083.07|5,385,005.34|
|Cash used in other operating activities|160,933,506.79|336,708,507.74|
|Subtotal of cash used in operating activities|306,578,409.00|486,028,276.35|
|Net cash from operating activities|351,693,522.24|234,922,471.04|
|2. Cash generated by or used in investing activities:|||
|Cash received as investment income|198,279,462.18|151,872,638.18|
|Net cash generated by disposal of fixed assets, intangible assets and|||
||2,693,776.59|1,702,651.36|
|other long-term assets|||
|Subtotal of cash generated by investing activities|200,973,238.77|153,575,289.54|
|Cash paid to acquire fixed assets, intangible assets and other long-term|||
||9,112,426.06|21,315,019.70|
|assets|||
|Subtotal of cash used in investing activities|9,112,426.06|21,315,019.70|
|Net cash from investing activities|191,860,812.71|132,260,269.84|
|3. Cash generated by or used in financing activities:|||
|Cash received as borrowings|163,988,000.00|220,540,000.00|
|Cash generated by issuance of bonds|99,850,000.00|150,000,000.00|
|Subtotal of cash generated by financing activities|263,838,000.00|370,540,000.00|
|Repayment of borrowings|380,000,000.00|600,000,000.00|
|Cash paid for interest expenses and distribution of dividends or profit|322,990,776.06|285,565,620.49|
|Cash used in other financing activities|406,269.73|519,859.19|
|Sub-total of cash used in financing activities|703,397,045.79|886,085,479.68|
|Net cash from financing activities|-439,559,045.79|-515,545,479.68|
|4. Effect of foreign exchange rate changes on cash and cash equivalents|-517,784.09|-3,911,665.15|
|5. Net increase in cash and cash equivalents|103,477,505.07|-152,274,403.95|
|Add: Opening balance of cash and cash equivalents|97,401,657.09|331,615,767.60|
|6. Closing balance of cash and cash equivalents|200,879,162.16|179,341,363.65|

Shenzhen Chiwan Wharf Holdings Limited Third Quarter Report 2017 IIAuditor’s Report
Are the Q3 2017 financial statements audited?
□Yes√ No
These financial statements are unaudited.
For and on behalf of the Board
Bai Jingtao
Chairman
Shenzhen Chiwan Wharf Holdings Limited
Dated October 30, 2017