ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019 SHENZHEN PROPERTIES& RESOURCES
DEVELOPMENT (GROUP) LTD.
THIRD QUARTER REPORT 2019
(AnnouncementNo.2019-40)
October 2019
ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019 Part I Important Notes
The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors, supervisors and senior management of ShenZhen Properties& Resources Development (Group) Ltd. (together with its consolidated subsidiaries, the “Company”, except where the context otherwise requires) hereby guarantee the factuality, accuracy and completeness of the contents of this Report and its summary, and shall be jointly and severally liable for any misrepresentations, misleading statements ormaterial omissions therein.
All theCompany’s directors have attended the Board meeting for the review of this Report andits summary.
Liu Shengxiang, theCompany’s legal representative, Cai Lili, theCompany’s head of financial affairs, and Liu Qiang, head of theCompany’s financial department (equivalent to financial manager) hereby guarantee that the financial statements carried in this Report are factual, accurate andcomplete.
This Report and its summary have been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese versions shallprevail.
ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019 Part II Key Corporate Information
I KeyConsolidated Financial Information
Indicatebytickmarkwhetherthereisanyretrospectivelyrestateddatuminthetablebelow.
□Yes√No
||||||||
|-|-|-|-|-|-|-|
||30September2019||31December2018||Change(%)||
|Totalassets(RMB)|10,483,774,596.84||5,820,202,137.54||80.13%||
|Equity attributable to the listedcompany’sshareholders(RMB)|3,261,058,125.05||3,337,949,324.64||-2.30%||
||Q32019|YoYchange(%)||Q1-Q32019||YoYchange(%)|
|Operatingrevenue(RMB)|246,562,586.92|-34.07%||1,001,952,666.88||-16.43%|
|Net profit attributable to the listedcompany’sshareholders(RMB)|-689,810.21|-101.13%||103,059,587.95||-28.52%|
|Net profit attributable to the listedcompany’s shareholders beforeexceptionalitems(RMB)|-1,104,487.82|-101.78%||102,581,697.47||-28.73%|
|Net cash generated from/used inoperatingactivities(RMB)|--|--||534,270,254.31||968.95%|
|Basic earnings per share(RMB/share)|-0.0012|-101.17%||0.1729||-28.52%|
|Diluted earnings per share(RMB/share)|-0.0012|-101.17%||0.1729||-28.52%|
|Weighted average returnonequity(%)|-0.02%|-2.11%||3.13%||-1.79%|

Exceptionalgainsandlosses:
√Applicable□Notapplicable
Unit:RMB
||||
|-|-|-|
|Item|Q1-Q32019|Note|
|Gain or loss on disposal of non-current assets (inclusive ofimpairmentallowancewrite-offs)|-13,030.68|Scrapping disposal ofmiscellaneousassets|
|Non-operatingincomeandexpenseotherthanabove|650,217.99|Sporadic penalty and liquidateddamagesincome|
|Less:Incometaxeffects|159,296.83||
|Total|477,890.48|--|

Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item defined or listed in the Explanatory
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to thePublic—Exceptional Gain/Loss
ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019 Items:
□Applicable√Notapplicable
NosuchcasesfortheReportingPeriod.
II Total Numberof Shareholders and HoldingsofTop 10Shareholders at 30September 2019 1. Numbers of Ordinary Shareholders and Preferred Shareholders with Resumed Voting Rights as well as HoldingsofTop10Shareholders
Unit:share
||||||||||
|-|-|-|-|-|-|-|-|-|
|Number of ordinaryshareholdersat theperiod-end||41,305||Number of preferredshareholders with resumedvoting rights at theperiod-end(ifany)|||0||
|Top10shareholders|||||||||
|Nameofshareholder|Natureofshareholder|Shareholdingpercentage|Totalsharesheld||Restrictedsharesheld|Sharesinpledgeorfrozen|||
|||||||Status||Shares|
|ShenzhenInvestmentHoldingsCorporation|State-owned legalperson|63.82%|380,378,897||||||
|ShenzhenDuty-FreeCommodityEnterprises Co.,Ltd.|Domesticnon-state-ownedlegalperson|0.29%|1,730,300||1,730,300||||
|YangYaochu|Domesticnaturalperson|0.24%|1,425,020||||||
|MaiFurong|Domestic naturalperson|0.20%|1,181,500||||||
|LiJing|Domestic naturalperson|0.20%|1,176,740||||||
|SuZhifen|Domesticnaturalperson|0.19%|1,150,000||||||
|WuhanXingkaiyuanElectricPowerEngineeringCo.,Ltd|Domesticnon-state-ownedlegalperson|0.18%|1,050,000||||||
|ChenYutang|Domesticnatural|0.15%|865,400||||||

ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019
|||||||
|-|-|-|-|-|-|
||person|||||
|ShantouPropertyHexinCo.,Ltd.|Domesticnon-state-ownedlegalperson|0.14%|850,000|||
|ZhangShaoming|Domesticnaturalperson|0.14%|811,000|||
|Top10unrestrictedshareholders||||||
|Nameofshareholder||Unrestrictedsharesheld||Sharesbytype||
|||||Type|Shares|
|ShenzhenInvestmentHoldingsCorporation||380,378,897||RMB-denominatedordinarystock|380,378,897|
|YangYaochu||1,425,020||Domesticallylistedforeignstock|1,425,020|
|MaiFurong||1,181,500||Domesticallylistedforeignstock|1,181,500|
|LiJing||1,176,740||Domesticallylistedforeignstock|1,176,740|
|SuZhifen||1,150,000||RMB-denominatedordinarystock|1,150,000|
|WuhanXingkaiyuanElectricPowerEngineeringCo.,Ltd||1,050,000||RMB-denominatedordinarystock|1,050,000|
|ChenYutang||865,400||RMB-denominatedordinarystock|865,400|
|ShantouPropertyHexinCo.,Ltd.||850,000||RMB-denominatedordinarystock|850,000|
|ZhangShaoming||811,000||RMB-denominatedordinarystock|811,000|
|LiBaorong||800,000||RMB-denominatedordinarystock|800,000|
|WangHui||800,000||Domesticallylistedforeignstock|800,000|
|Related or acting-in-concert partiesamongtheshareholdersabove||Thefirstlargestshareholder,ShenzhenInvestmentHoldingCorporation,istheactualcontrolling shareholder of the Company.And the Company does not know whethertherearerelatedpartiesoracting-in-concertpartiesamongtheother9shareholders.||||
|Top 10 ordinary shareholders involved||N/A||||

ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019
||
|-|
|insecuritiesmargintrading(ifany)|

Indicate by tick mark whether any of the top 10 ordinary shareholders or the top 10 unrestricted ordinary shareholders of the CompanyconductedanypromissoryrepoduringtheReportingPeriod.
□Yes√No
NosuchcasesintheReportingPeriod.
2.NumberofPreferredShareholdersandShareholdingsofTop10ofThem
□Applicable√Notapplicable
ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019 Part III Significant Events
I Changes inKeyConsolidated Financial StatementLineItems andExplanation ofwhy√Applicable□Notapplicable
1. Net accounts receivable stood at RMB105,664,491.50 as at 30 September 2019, rising64.51% compared to 31 December2018,primarilydrivenbytheincreaseinpropertymanagementfeesreceivable.
2. Net other receivables stood at RMB1,411,300,201.44 as at 30 September 2019, rising5677.29% compared to 31 December 2018, primarily driven by the combination scope increase of Shenzhen Rongyao Real Estate DevelopmentCo.,Ltd.
3.InventoriesstoodatRMB4,091,290,659.03asat30September2019,rising246.20%comparedto31December 2018, primarily driven by the combination scope increase of Shenzhen Rongyao Real Estate Development Co., Ltd.
4. Other current assets stood at RMB60,518,612.48 as at 30 September 2019, rising262.51% compared to 31 December2018,primarilydrivenbytheincreaseinprepaidVATforpropertyprojects.
5. Net fixed assets stood at RMB49,959,816.20 as at 30 September 2019, rising53.19% compared to 31 December2018,primarilydrivenbypurchaseofofficebuildingbythesubsidiary.
6. Other non-current assets stood at RMB29,220,732.54 as at 30 September 2019, declining73.19% compared to 31 December 2018, primarily driven by the offset of payments forM&A of shares in Shenzhen Rongyao Real EstateDevelopmentCo.,Ltd.byadvancestockpaymentofRMB0.1billion.
7. Accounts payable stood at RMB270,740,042.51 as at 30 September 2019, declining32.05% compared to 31 December2018,primarilydrivenbypaymentforprojects.
8. Other payables stood at RMB575,189,783.56 as at 30 September 2019, rising411.27% compared to 31 December2018,primarilydrivenbypaymentofRMB406millionforstocktransfernewlyadded.
9. Long-term borrowings stood at RMB2,194,000,000.00 as at 30 September 2019, rising219300.00% compared to 31 December 2018, primarily driven by the combination scope increase of Shenzhen Rongyao Real Estate DevelopmentCo.,Ltd.
10. Other comprehensive income stood at RMB-2,943,241.63 as at 30 September 2019, rising64.78% compared to 31 December 2018, primarily driven by the decrease in the differences arising from translation of foreign currency-denominatedfinancialstatementscausedbychangesinforeignexchangerates.
11. Taxes and surtaxes stood at RMB134,703,867.42 duringQ1~Q3 2019, rising114.01% compared toQ1~Q3 2018, primarily driven by that main property projects carried over in the Reporting Period applied to higher land VATrates.
12. Selling expense stood at RMB43,482,379.03 duringQ1~Q3 2019, rising193.64% compared toQ1~Q3 2018, primarilydrivenbyincreaseofchargesforsalesagencyandservices.
13. Administrative expense stood at RMB85,821,358.91 duringQ1~Q3 2019, rising26.70% compared toQ1~Q3 2018,primarilydrivenbyincreaseinremunerationforemployeesandinofficeexpenditure.
14.FinancecostsstoodatRMB99,933.139.03duringQ1~Q3 2019,rising-359.86%comparedtoQ1~Q3 2018of RMB-38,456,220.90,primarilydrivenbyincreaseininterestpayment.
15. Asset impairment loss (“-“ for losses) stood at RMB-2,656.062.96 duringQ1~Q3 2019, declining155.37%
ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019 compared toQ1~Q3 2018 of RMB4,797,271.69, primarily driven by withdrawal of bad debt provision and changesofinventoryfallingpricereserves.
16.InvestmentincomestoodatRMB2,207,762.84duringQ1~Q32019,rising57.92%comparedtoQ1~Q3 2018, primarilydrivenbychangescausedbyrevenuesrealizedbyjointventuresoftheCompany.
17. Non-operating expense stood at RMB1,806,397.12 duringQ1~Q3 2019, declining36.66% compared toQ1~Q32018,primarilydrivenbydecreaseinpaymentforcleaningtenantsassurrendercompensation.
18. Income tax expense stood at RMB60,811,172.26 duringQ1~Q3 2019, rising35.32% compared toQ1~Q3 2018, primarily driven by increase in profits realized by companies except for Shenzhen Rongyao Real Estate DevelopmentCo.,Ltd.
19. Net profit (attributable to the Company as the parent) stood at RMB103,059,587.95 duringQ1~Q3 2019,declining28.52%comparedtoQ1~Q32018,primarilydrivenbyincreaseininterestexpenseoffinancecosts. 20. Net profit attributable to non-controlling interests stood at RMB-56,907,075.90 duringQ1~Q3 2019 and that forQ1~Q3 2018 was RMB0.00, primarily driven by addition of “net profit attributable to non-controlling interests”ofShenzhenRongyaoRealEstateDevelopmentCo.,Ltd.
21. Other comprehensive income, net of tax, stood at RMB-1,157,059.94 duringQ1~Q3 2019, declining37.41% compared toQ1~Q3 2018, primarily driven by changes in differences arising from translation of foreign currency-denominatedfinancialstatementscausedbychangesinforeignexchangerates.
22. Net cash generated from/used in operating activities stood at 534,270,254.31 duringQ1~Q3 2019 and the net cash generated from operating activities rose968.95% compared toQ1~Q3 2018, primarily driven by increase inrecoupfundsofhousingsalesaccountsduringQ1~Q32019.
23. Net cash generated from/used in investing activities duringQ1~Q3 2019 stood at RMB-37,689,200.09, declining149.48% compared toQ1~Q3 2018, primarily driven by receipt of share transfer payments from twomotorcompaniesduringQ12018andincreaseinpaymentforpurchaseoffixedassetsduringQ1~Q32019.24.Netcashgeneratedfrom/usedinfinancingactivitiesduringQ1~Q32019stoodatRMB-359,218,136.65,rising102.05%comparedtoQ1~Q32018,primarilydrivenbyincreaseininterestpaidforloansduringQ1~Q32019. II Progress, InfluenceandSolutions Associated withSignificant Events
√Applicable□Notapplicable
In order to respond to the call of Shenzhen State-owned Assets Supervision and Administration Commission, further promote the concentration of resource of good quality to the advantage enterprises, particularly the listed companies, and strengthen the development potential of listed companies, optimize and solidify the industrial structure of listed companies, enlarge and strengthen the dominant industry in listed companies, the Company intends to take over100% of equity in Shenzhen Holding Property Management Co., Ltd. (hereinafter referred to as “TK Property”) held by Shenzhen Investment Holdings Co., Ltd (hereinafter referred to as “SZIH”) in cash. The acquisition was approved by the 8thMeeting of the 9th Board of Directors on 6 September 2019 and the 2nd Extraordinary General Meeting of 2019 on 23 September 2019with independent and professional opinions from independentdirectors.Therelevantdisclosureisasfollows:
||||
|-|-|-|
|Announcementofsignificantevent|Disclosuredate|Disclosurewebsite|
|The acquisition of 100% of equity inShenzhen Holding PropertyManagementCo.,Ltd.andtheconnected|13December2018|No. 2018-39 Announcement on Signingthe Letter of Intent for Equity Transferwith Controlling Shareholders on|

ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019
||||
|-|-|-|
|transaction||www.cninfo.com.cn|
||7September2019|No. 2019-28 Announcement onResolution of the Board of Directors onwww.cninfo.com.cn|
||7September2019|No. 2019-30 Announcement on theAcquisition of 100% of Equity inShenzhen Holding PropertyManagement Co., Ltd. and theConnected Transaction onwww.cninfo.com.cn|
||7September2019|No. 2019-31 Announcement onResolutionoftheSupervisoryCommitteeonwww.cninfo.com.cn|
||21September2019|No. 2019-33 Announcement on theAcquisition of 100% of Equity inShenzhen Holding PropertyManagement Co., Ltd. and theConnected Transaction onwww.cninfo.com.cn|
||24September2019|No. 2019-34 Announcement onResolution of the 2nd ExtraordinaryGeneral Meeting of 2019 onwww.cninfo.com.cn|

Progressofanysharerepurchases:
□Applicable√Notapplicable
Progressofanyreductionoftherepurchasedsharesthroughcentralizedbidding:
□Applicable√Notapplicable
III Commitments that theCompany’s Actual Controller, Shareholders, Related Parties, Acquirers, the Company Itself or Other Parties, Failed to Fulfill on Time during the Reporting Period
□Applicable√Notapplicable
NosuchcasesintheReportingPeriod.
IVSecurities Investments
√Applicable□Notapplicable
Unit:RMB
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|Varietyofsecuri|Symbolofsecuri|Nameofsecurit|Initialinvestment|Accountingmeasu|Beginningcarryi|Gain/lossofchang|Accumulative|Purchasedinthe|SoldintheRepor|Gain/lossinReporting|Endingcarryi|Accountingtitle|Capitalsource|

ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|ty|ty|y|cost|rementmodel|ngvalue|esinfairvalueintheReportingPeriod|changesinfairvaluerecordedintoequities|ReportingPeriod|tingPeriod|Period|ngvalue|||
|Domestic/overseasstock|400016|GintianA|2,991,975.03|Fairmethod|2,991,975.03|0.00|0.00|0.00|0.00|0.00|2,991,975.03|Othernon-currentfinancialassets|Obtainedindebtrestructuring|
|Domestic/overseasstock|420016|GintianB|573,881.03|Fairmethod|629,406.08|0.00|0.00|0.00|0.00|1,054.64|630,460.72|Othernon-currentfinancialassets|Obtainedindebtrestructuring|
|Total|||3,565,856.06|--|3,621,381.11|0.00|0.00|0.00|0.00|1,054.64|3,622,435.75|--|--|
|Disclosure date ofannouncement onBoard’s consent forsecuritiesinvestment||||||||||||||
|Disclosure date ofannouncement onshareholders’ meeting’sconsent for securitiesinvestment(ifany)||||||||||||||

V WealthManagement Entrustment
□Applicable√Notapplicable
NosuchcasesintheReportingPeriod.
VI Investments inDerivative FinancialInstruments
□Applicable√Notapplicable
ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019 NosuchcasesintheReportingPeriod.
VII Communications with the Investment Community such as Researches, Inquiries and Interviews duringthe Reporting Period
√Applicable□Notapplicable
|||||
|-|-|-|-|
|Date|Wayofcommunication|Typeofcommunicationparty|Indextomaininformationcommunicated|
|2July2019|Inwriting|Individual|Inquired of the disclosure of theinterimreportoftheCompany|
|6July2019|Inwriting|Individual|Inquired of business development oftheCompany|
|8July2019|Inwriting|Individual|Inquiredofthepropertyinformationofgoldencollarproject|
|8July2019|Inwriting|Individual|Inquired of the semi-annualperformanceoftheCompany|
|9July2019|Byphone|Individual|Inquired of business development oftheCompany|
|9July2019|Inwriting|Individual|Inquiredofthemarketvalueofgoldencollarproject|
|11July2019|Inwriting|Individual|Inquired of the information of goldencollarproject|
|11July2019|Inwriting|Individual|Inquired of the sales of commercialhousing|
|13July2019|Inwriting|Individual|Inquired of the information ofFuchangPhaseII|
|15July2019|Byphone|Individual|Inquired of the progress of projectconstructionandfinancialcondition|
|17July2019|Inwriting|Individual|Inquired of the sales of commercialhousing|
|19July2019|Inwriting|Individual|InquiredofthereleaseofrestrictiononrestrictedsharesoftheCompany|
|23August2019|Inwriting|Individual|Inquired of the number of theshareholdersoftheCompany|
|11September2019|Inwriting|Individual|Inquired of situations of shareholdersoftheCompany|
|19September2019|Inwriting|Individual|Inquired of situations of shareholdersoftheCompany|

ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019 VIII Irregularities in ProvisionofGuarantees
□Applicable√Notapplicable
NosuchcasesintheReportingPeriod.
IX Occupation of theCompany’s Capital by the Controlling Shareholder or Its Related Parties forNon-Operating Purposes
□Applicable√Notapplicable
NosuchcasesintheReportingPeriod.
ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019 Part IV Financial Statements
I FinancialStatements
1.ConsolidatedBalanceSheet
PreparedbyShenZhenProperties&ResourcesDevelopment(Group)Ltd.
Unit:RMB
||||
|-|-|-|
|Item|30September2019|31December2018|
|Currentassets:|||
|Monetarycapital|3,527,406,949.17|3,389,234,357.72|
|Settlementreserve|||
|Interbankloansgranted|||
|Tradingfinancialassets|||
|Financial assets at fair valuethroughprofitorloss|||
|Derivativefinancialassets|||
|Notesreceivable|||
|Accountsreceivable|105,664,491.50|64,231,267.94|
|Accountsreceivablefinancing|||
|Prepayments|205,258,523.23|35,913,164.32|
|Premiumsreceivable|||
|Reinsurancereceivables|||
|Receivable reinsurance contractreserve|||
|Otherreceivables|1,411,300,201.44|24,428,411.19|
|Including:Interestreceivable|3,459,248.91|8,293,317.33|
|Dividendsreceivable|||
|Financial assets purchased underresaleagreements|||
|Inventories|4,091,290,659.03|1,181,762,531.67|
|Contractualassets|||
|Assetsclassifiedasheldforsale|||
|Current portion of non-currentassets|||
|Othercurrentassets|60,518,612.48|16,694,408.12|

ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019
||||
|-|-|-|
|Totalcurrentassets|9,401,439,436.85|4,712,264,140.96|
|Non-currentassets:|||
|Loansandadvancestocustomers|||
|Investmentsindebtobligations|||
|Available-for-salefinancialassets||3,621,381.11|
|Investmentsinotherdebtobligations|||
|Held-to-maturityinvestments|||
|Long-termreceivables|||
|Long-termequityinvestments|42,207,046.08|39,999,283.24|
|Investmentsinotherequityinstruments|||
|Othernon-currentfinancialassets|25,622,435.75||
|Investmentproperty|383,084,486.80|400,550,689.90|
|Fixedassets|49,959,816.20|32,612,592.40|
|Constructioninprogress|||
|Productivelivingassets|||
|Oilandgasassets|||
|Right-of-useassets|||
|Intangibleassets|||
|R&Dexpense|||
|Goodwill|||
|Long-termprepaidexpense|2,948,903.82|2,398,576.29|
|Deferredincometaxassets|549,291,738.80|519,783,531.64|
|Othernon-currentassets|29,220,732.54|108,971,942.00|
|Totalnon-currentassets|1,082,335,159.99|1,107,937,996.58|
|Totalassets|10,483,774,596.84|5,820,202,137.54|
|Currentliabilities:|||
|Short-termborrowings|||
|Borrowingsfromcentralbank|||
|Interbankloansobtained|||
|Tradingfinancialliabilities|||
|Financial liabilities at fair valuethroughprofitorloss|||
|Derivativefinancialliabilities|||

ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019
||||
|-|-|-|
|Notespayable|||
|Accountspayable|270,740,042.51|398,429,855.96|
|Advancesfromcustomers|2,526,136,108.18|265,338,215.34|
|Contractualliabilities|||
|Financial assets sold underrepurchaseagreements|||
|Customer deposits and interbankdeposits|||
|Payables for acting trading ofsecurities|||
|Payables for underwriting ofsecurities|||
|Payrollpayable|80,809,357.13|96,069,521.54|
|Taxespayable|1,390,206,680.67|1,552,720,630.59|
|Otherpayables|575,189,783.56|112,502,146.69|
|Including:Interestpayable|6,702,350.66|1,669.10|
|Dividendspayable|29,642.40|29,642.40|
|Handlingchargesandcommissionspayable|||
|Reinsurancepayables|||
|Liabilities directly associated withassetsclassifiedasheldforsale|||
|Current portion of non-currentliabilities|||
|Othercurrentliabilities|||
|Totalcurrentliabilities|4,843,081,972.05|2,425,060,370.12|
|Non-currentliabilities:|||
|Insurancecontractreserve|||
|Long-termborrowings|2,194,000,000.00|1,000,000.00|
|Bondspayable|||
|Including:Preferredshares|||
|Perpetualbonds|||
|Leaseliabilities|||
|Long-termpayables|||
|Long-termpayrollpayable|||
|Provisions|||
|Deferredincome|||

ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019
||||
|-|-|-|
|Deferredincometaxliabilities|4,009.30|5,275.60|
|Othernon-currentliabilities|53,127,953.26|52,937,180.81|
|Totalnon-currentliabilities|2,247,131,962.56|53,942,456.41|
|Totalliabilities|7,090,213,934.61|2,479,002,826.53|
|Owners’equity:|||
|Sharecapital|595,979,092.00|595,979,092.00|
|Otherequityinstruments|||
|Including:Preferredshares|||
|Perpetualbonds|||
|Capitalreserves|118,938,132.89|118,938,132.89|
|Less:Treasurystock|||
|Othercomprehensiveincome|-2,943,241.63|-1,786,181.69|
|Specialreserves|||
|Surplusreserves|299,569,569.96|299,569,569.96|
|Generalreserve|||
|Retainedearnings|2,249,514,571.83|2,325,248,711.48|
|Total equity attributable to owners oftheCompanyastheparent|3,261,058,125.05|3,337,949,324.64|
|Non-controllinginterests|132,502,537.18|3,249,986.37|
|Totalowners’equity|3,393,560,662.23|3,341,199,311.01|
|Totalliabilitiesandowners’equity|10,483,774,596.84|5,820,202,137.54|

 Legalrepresentative:LiuShengxiang Headoffinancialaffairs:CaiLili Headofthefinancialdepartment:LiuQiang
2.BalanceSheetoftheCompanyastheParent
Unit:RMB
||||
|-|-|-|
|Item|30September2019|31December2018|
|Currentassets:|||
|Monetarycapital|2,617,024,373.74|2,520,788,994.16|
|Tradingfinancialassets|0.00|0.00|
|Financial assets at fair valuethroughprofitorloss|||
|Derivativefinancialassets|0.00|0.00|
|Notesreceivable|0.00|0.00|

ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019
||||
|-|-|-|
|Accountsreceivable|2,324,356.43|1,853,494.72|
|Accountsreceivablefinancing|||
|Prepayments|672,540.09|829,683.68|
|Otherreceivables|524,852,672.71|1,306,715,826.93|
|Including:Interestreceivable|7,125,915.58|8,229,503.58|
|Dividendsreceivable|0.00|0.00|
|Inventories|609,336,624.23|105,840,115.24|
|Contractualassets|||
|Assetsclassifiedasheldforsale|||
|Current portion of non-currentassets|0.00|0.00|
|Othercurrentassets|0.00|0.00|
|Totalcurrentassets|3,754,210,567.20|3,936,028,114.73|
|Non-currentassets:|||
|Investmentsindebtobligations|||
|Available-for-salefinancialassets|0.00|3,851,881.11|
|Investmentsinotherdebtobligations|||
|Held-to-maturityinvestments|0.00|0.00|
|Long-termreceivables|0.00|0.00|
|Long-termequityinvestments|749,709,719.01|239,501,956.17|
|Investmentsinotherequityinstruments|||
|Othernon-currentfinancialassets|3,852,935.75|0.00|
|Investmentproperty|303,906,848.84|317,313,917.65|
|Fixedassets|8,549,356.25|9,121,637.65|
|Constructioninprogress|0.00|0.00|
|Productivelivingassets|0.00|0.00|
|Oilandgasassets|0.00|0.00|
|Right-of-useassets|||
|Intangibleassets|0.00|0.00|
|R&Dexpense|0.00|0.00|
|Goodwill|0.00|0.00|
|Long-termprepaidexpense|648,660.36|778,392.57|
|Deferredincometaxassets|334,948,163.11|315,888,967.26|

ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019
||||
|-|-|-|
|Othernon-currentassets|1,223,259,098.54|104,132,920.00|
|Totalnon-currentassets|2,624,874,781.86|990,589,672.41|
|Totalassets|6,379,085,349.06|4,926,617,787.14|
|Currentliabilities:|||
|Short-termborrowings|0.00|0.00|
|Tradingfinancialliabilities|0.00|0.00|
|Financial liabilities at fair valuethroughprofitorloss|||
|Derivativefinancialliabilities|||
|Notespayable|0.00|0.00|
|Accountspayable|82,590,514.00|124,501,464.28|
|Advancesfromcustomers|0.00|75,895,087.75|
|Contractualliabilities|||
|Payrollpayable|22,761,951.82|31,224,455.28|
|Taxespayable|1,275,814,862.27|1,402,388,742.76|
|Otherpayables|1,947,270,339.73|224,875,980.31|
|Including:Interestpayable|0.00|0.00|
|Dividendspayable|29,642.40|29,642.40|
|Liabilities directly associated withassetsclassifiedasheldforsale|||
|Current portion of non-currentliabilities|||
|Othercurrentliabilities|||
|Totalcurrentliabilities|3,328,437,667.82|1,858,885,730.38|
|Non-currentliabilities:|||
|Long-termborrowings|0.00|0.00|
|Bondspayable|0.00|0.00|
|Including:Preferredshares|0.00|0.00|
|Perpetualbonds|0.00|0.00|
|Leaseliabilities|||
|Long-termpayables|0.00|0.00|
|Long-termpayrollpayable|||
|Provisions|0.00|0.00|
|Deferredincome|0.00|0.00|
|Deferredincometaxliabilities|0.00|0.00|

ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019
||||
|-|-|-|
|Othernon-currentliabilities|0.00|0.00|
|Totalnon-currentliabilities|0.00|0.00|
|Totalliabilities|3,328,437,667.82|1,858,885,730.38|
|Owners’equity:|||
|Sharecapital|595,979,092.00|595,979,092.00|
|Otherequityinstruments|||
|Including:Preferredshares|||
|Perpetualbonds|||
|Capitalreserves|92,326,467.62|92,326,467.62|
|Less:Treasurystock|0.00|0.00|
|Othercomprehensiveincome|0.00|0.00|
|Specialreserves|||
|Surplusreserves|298,912,759.52|298,912,759.52|
|Retainedearnings|2,063,429,362.10|2,080,513,737.62|
|Totalowners’equity|3,050,647,681.24|3,067,732,056.76|
|Totalliabilitiesandowners’equity|6,379,085,349.06|4,926,617,787.14|

 3.ConsolidatedIncomeStatementforQ3
Unit:RMB
||||
|-|-|-|
|Item|Q32019|Q32018|
|1.Revenue|246,562,586.92|373,989,694.46|
|Including:Operatingrevenue|246,562,586.92|373,989,694.46|
|Interestincome|||
|Premiumincome|||
|Handling charge andcommissionincome|||
|2.Costsandexpenses|269,636,497.82|294,795,606.42|
|Including:Costofsales|150,213,690.15|220,059,287.49|
|Interestexpense|||
|Handling charge andcommissionexpense|||
|Surrenders|||
|Netclaimspaid|||
|Netamountprovidedaspolicyreserve|||

ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019
||||
|-|-|-|
|Expenditure on policydividends|||
|Reinsurance premiumexpense|||
|Taxesandsurcharges|14,621,647.42|55,644,770.75|
|Sellingexpense|25,189,654.31|5,511,547.16|
|Administrativeexpense|29,864,077.40|24,418,997.27|
|R&Dexpense|||
|Financecosts|49,747,428.54|-10,838,996.25|
|Including: Interestexpense|64,259,301.86||
|Interestincome|-13,806,812.45|-11,166,488.11|
|Add:Otherincome|640,439.36||
|Returnoninvestment(“-”forloss)|1,426,936.27|1,348,773.97|
|Including: Share of profit orlossofjointventuresandassociates|1,426,936.27|728,643.14|
|Derecognitionincomeoffinancialassetsmeasuredatamortizedcost|||
|Foreign exchange gain (“-” forloss)|||
|Netgainonexposurehedges(“-”forloss)|||
|Gainonchangesinfairvalue(“-”forloss)|||
|Creditimpairmentloss(“-”forloss)|||
|Assetimpairmentloss(“-”forloss)|-78,557.10|39,920.77|
|Assetdisposalincome(“-”forloss)|||
|3.Operatingprofit(“-”forloss)|-21,085,092.37|80,582,782.78|
|Add:Non-operatingincome|653,052.68|1,525,042.96|
|Less:Non-operatingexpense|100,149.20|2,540,174.16|
|4.Profitbeforetax(“-”forloss)|-20,532,188.89|79,567,651.58|
|Less:Incometaxexpense|8,619,711.43|18,351,487.77|
|5.Netprofit(“-”fornetloss)|-29,151,900.32|61,216,163.81|

ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019
||||
|-|-|-|
|5.1Byoperatingcontinuity|||
|5.1.1 Net profit from continuingoperations(“-”fornetloss)|-29,151,900.32|61,216,163.81|
|5.1.2Netprofitfromdiscontinuedoperations(“-”fornetloss)|||
|5.2Byownership|||
|5.2.1 Net profit attributable toownersoftheCompanyastheparent|-689,810.21|61,216,163.81|
|5.2.2 Net profit attributable tonon-controllinginterests|-28,462,090.11||
|6.Other comprehensiveincome, netoftax|-1,359,884.19|-2,264,052.37|
|Attributable to owners of theCompanyastheparent|-1,359,884.19|-2,264,052.37|
|6.1 Items that will not bereclassifiedtoprofitorloss|||
|6.1.1 Changes caused byremeasurements on defined benefitpensionschemes|||
|6.1.2 Other comprehensiveincome that will not be reclassified toprofitorlossundertheequitymethod|||
|6.1.3 Changes in the fair valueof investments in other equityinstruments|||
|6.1.4 Changes in the fair valueofthecompany’screditrisks|||
|6.1.5Other|||
|6.2 Items that will be reclassifiedtoprofitorloss|-1,359,884.19|-2,264,052.37|
|6.2.1 Other comprehensiveincome that will be reclassified toprofitorlossundertheequitymethod|||
|6.2.2 Changes in the fair valueofinvestmentsinotherdebtobligations|||
|6.2.3 Gain/Loss on changes inthe fair value of available-for-salefinancialassets|||
|6.2.4 Other comprehensiveincomearisingfromthereclassificationoffinancialassets|||
|6.2.5 Gain/Loss arising from|||

ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019
||||
|-|-|-|
|the reclassification of held-to-maturityinvestments to available-for-salefinancialassets|||
|6.2.6 Allowance for creditimpairments in investments in otherdebtobligations|||
|6.2.7 Reserve for cash flowhedges|||
|6.2.8 Differences arising fromthe translation of foreigncurrency-denominated financialstatements|-1,359,884.19|-2,264,052.37|
|6.2.9Other|||
|Attributable to non-controllinginterests|||
|7.Totalcomprehensiveincome|-30,511,784.51|58,952,111.44|
|Attributable to owners of theCompanyastheparent|-2,049,694.40|58,952,111.44|
|Attributable to non-controllinginterests|-28,462,090.11||
|8.Earningspershare|||
|8.1Basicearningspershare|-0.0012|0.1027|
|8.2Dilutedearningspershare|-0.0012|0.1027|

 Wherebusinesscombinationsundercommoncontroloccurredinthecurrentperiod,thenetprofit achievedbytheacquireesbefore thecombinationswasRMB0.00,withtheamountforthesameperiodoflastyearbeingRMB0.00.
Legalrepresentative:LiuShengxiang Headoffinancialaffairs:CaiLili Headofthefinancialdepartment:LiuQiang
4.IncomeStatementoftheCompanyastheParentforQ3
Unit:RMB
||||
|-|-|-|
|Item|Q32019|Q32018|
|1.Operatingrevenue|36,838,750.54|35,290,132.14|
|Less:Costofsales|9,778,124.74|9,681,055.22|
|Taxesandsurcharges|8,621,210.66|8,310,210.12|
|Sellingexpense|5,183,474.22|1,287,861.40|
|Administrativeexpense|15,168,684.33|8,738,044.03|
|R&Dexpense|||

ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019
||||
|-|-|-|
|Financecosts|-10,867,569.80|-9,607,684.41|
|Including:Interestexpense|||
|Interestincome|-10,887,450.83|-9,614,088.74|
|Add:Otherincome|0.00|0.00|
|Returnoninvestment(“-”forloss)|28,854,871.29|1,294,275.43|
|Including: Share of profit orlossofjointventuresandassociates|1,426,936.27|728,643.14|
|Derecognitionincomeoffinancialassetsmeasuredatamortizedcost|||
|Netgainonexposurehedges(“-”forloss)|||
|Gainonchangesinfairvalue(“-”forloss)|0.00|0.00|
|Creditimpairmentloss(“-”forloss)|||
|Assetimpairmentloss(“-”forloss)||40,000.00|
|Assetdisposalincome(“-”forloss)|0.00|0.00|
|2.Operatingprofit(“-”forloss)|37,809,697.68|18,214,921.21|
|Add:Non-operatingincome|32,112.50|54,791.03|
|Less:Non-operatingexpense|11,123.48|701,868.96|
|3.Profitbeforetax(“-”forloss)|37,830,686.70|17,567,843.28|
|Less:Incometaxexpense|8,900,600.16|4,236,800.97|
|4.Netprofit(“-”fornetloss)|28,930,086.54|13,331,042.31|
|4.1 Net profit from continuingoperations(“-”fornetloss)|28,930,086.54|13,331,042.31|
|4.2 Net profit from discontinuedoperations(“-”fornetloss)|||
|5. Other comprehensive income, netoftax|0.00|0.00|
|5.1 Items that will not bereclassifiedtoprofitorloss|||
|5.1.1 Changes caused byremeasurements on defined benefitpensionschemes|||

ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019
||||
|-|-|-|
|5.1.2 Other comprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod|||
|5.1.3 Changes in the fair valueof investments in other equityinstruments|||
|5.1.4 Changes in the fair valueofthecompany’screditrisks|||
|5.1.5Other|||
|5.2 Items that will be reclassifiedtoprofitorloss|||
|5.2.1 Other comprehensiveincome that will be reclassified toprofitorlossundertheequitymethod|||
|5.2.2 Changes in the fair valueof investments in other debtobligations|||
|5.2.3 Gain/Loss on changes inthe fair value of available-for-salefinancialassets|||
|5.2.4 Other comprehensiveincome arising from thereclassificationoffinancialassets|||
|5.2.5Gain/Lossarising fromthereclassification of held-to-maturityinvestments to available-for-salefinancialassets|||
|5.2.6 Allowance for creditimpairments in investments in otherdebtobligations|||
|5.2.7 Reserve for cash flowhedges|||
|5.2.8 Differences arising fromthe translation of foreigncurrency-denominated financialstatements|||
|5.2.9Other|||
|6.Totalcomprehensiveincome|28,930,086.54|13,331,042.31|
|7.Earningspershare|||
|7.1Basicearningspershare|0.0485|0.0224|
|7.2Dilutedearningspershare|0.0485|0.0224|

ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport20195.ConsolidatedIncomeStatementforQ1~Q3
Unit:RMB
||||
|-|-|-|
|Item|Q1~Q32019|Q1~Q32018|
|1.Revenue|1,001,952,666.88|1,199,003,679.43|
|Including:Operatingrevenue|1,001,952,666.88|1,199,003,679.43|
|Interestincome|||
|Premiumincome|||
|Handling charge andcommissionincome|||
|2.Operatingcostsandexpenses|896,123,523.02|1,016,278,134.94|
|Including:Costofsales|532,182,778.63|909,246,628.59|
|Interestexpense|||
|Handling charge andcommissionexpense|||
|Surrenders|||
|Netclaimspaid|||
|Netamountprovidedaspolicyreserve|||
|Expenditure on policydividends|||
|Reinsurance premiumexpense|||
|Taxesandsurcharges|134,703,867.42|62,944,209.41|
|Sellingexpense|43,482,379.03|14,808,076.92|
|Administrativeexpense|85,821,358.91|67,735,440.92|
|R&Dexpense|||
|Financecosts|99,933,139.03|-38,456,220.90|
|Including: Interestexpense|138,229,418.43||
|Interestincome|-39,636,999.51|-39,320,642.15|
|Add:Otherincome|945,653.26||
|Investmentincome(“-”forloss)|2,207,762.84|1,398,021.17|
|Including: Share of profit orlossofjointventuresandassociates|2,207,762.84|777,890.34|
|Derecognition income offinancial assets measured at amortized|||

ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019
||||
|-|-|-|
|cost|||
|Foreign exchange gain (“-” forloss)|||
|Netgainonexposurehedges(“-”forloss)|||
|Gainonchangesinfairvalue(“-”forloss)|||
|Creditimpairmentloss(“-”forloss)|||
|Assetimpairmentloss(“-”forloss)|-2,656,062.96|4,797,271.69|
|Assetdisposalincome(“-”forloss)|||
|3.Operatingprofit(“-”forloss)|106,326,497.00|188,920,837.35|
|Add:Non-operatingincome|2,443,584.43|3,058,534.39|
|Less:Non-operatingexpense|1,806,397.12|2,851,849.01|
|4.Profitbeforetax(“-”forloss)|106,963,684.31|189,127,522.73|
|Less:Incometaxexpense|60,811,172.26|44,938,831.33|
|5.Netprofit(“-”fornetloss)|46,152,512.05|144,188,691.40|
|5.1Byoperatingcontinuity|||
|5.1.1 Net profit from continuingoperations(“-”fornetloss)|46,152,512.05|144,188,691.40|
|5.1.2Netprofitfromdiscontinuedoperations(“-”fornetloss)|||
|5.2Byownership|||
|5.2.1 Net profit attributable toownersoftheCompanyastheparent|103,059,587.95|144,188,691.40|
|5.2.2 Net profit attributable tonon-controllinginterests|-56,907,075.90||
|6.Other comprehensiveincome, netoftax|-1,157,059.94|-1,848,692.29|
|Attributable to owners of theCompanyastheparent|-1,157,059.94|-1,848,692.29|
|6.1 Items that will not bereclassifiedtoprofitorloss|||
|6.1.1 Changes caused byremeasurements on defined benefitpensionschemes|||
|6.1.2 Other comprehensiveincome that will not be reclassified to|||

ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019
||||
|-|-|-|
|profitorlossundertheequitymethod|||
|6.1.3 Changes in the fair valueof investments in other equityinstruments|||
|6.1.4 Changes in the fair valueofthecompany’screditrisks|||
|6.1.5Other|||
|6.2 Items that will be reclassifiedtoprofitorloss|-1,157,059.94|-1,848,692.29|
|6.2.1 Other comprehensiveincome that will be reclassified toprofitorlossundertheequitymethod|||
|6.2.2 Changes in the fair valueofinvestmentsinotherdebtobligations|||
|6.2.3 Gain/Loss on changes inthe fair value of available-for-salefinancialassets|0.00|0.00|
|6.2.4 Other comprehensiveincomearisingfromthereclassificationoffinancialassets|0.00|0.00|
|6.2.5 Gain/Loss arising fromthe reclassification of held-to-maturityinvestments to available-for-salefinancialassets|0.00|0.00|
|6.2.6 Allowance for creditimpairments in investments in otherdebtobligations|0.00|0.00|
|6.2.7 Reserve for cash flowhedges|||
|6.2.8 Differences arising fromthe translation of foreigncurrency-denominated financialstatements|-1,157,059.94|-1,848,692.29|
|6.2.9Other|0.00|0.00|
|Attributable to non-controllinginterests|||
|7.Totalcomprehensiveincome|44,995,452.11|142,339,999.11|
|Attributable to owners of theCompanyastheparent|101,902,528.01|142,339,999.11|
|Attributable to non-controllinginterests|-56,907,075.90||
|8.Earningspershare|||

ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019
||||
|-|-|-|
|8.1Basicearningspershare|0.1729|0.2419|
|8.2Dilutedearningspershare|0.1729|0.2419|

 Wherebusinesscombinationsundercommoncontroloccurredinthecurrentperiod,thenetprofitachievedbytheacquireesbefore thecombinationswasRMB0.00,withtheamountforthesameperiodoflastyearbeingRMB0.00.
Legalrepresentative:LiuShengxiang Headoffinancialaffairs:CaiLili Headofthefinancialdepartment:LiuQiang
6.IncomeStatementoftheCompanyastheParentforQ1~Q3
Unit:RMB
||||
|-|-|-|
|Item|Q1~Q32019|Q1~Q32018|
|1.Operatingrevenue|378,748,801.89|68,745,923.98|
|Less:Costofsales|74,483,319.07|21,473,707.25|
|Taxesandsurcharges|115,202,375.21|10,347,227.32|
|Sellingexpense|12,115,904.81|2,200,695.62|
|Administrativeexpense|41,534,008.61|23,762,826.83|
|R&Dexpense|||
|Financecosts|-31,078,642.03|-36,100,159.33|
|Including:Interestexpense|0.00|0.00|
|Interestincome|-31,332,593.96|-35,840,623.26|
|Add:Otherincome|0.00|0.00|
|Investmentincome(“-”forloss)|45,735,016.53|1,343,522.63|
|Including: Share of profit orlossofjointventuresandassociates|2,207,762.84|777,890.34|
|Derecognition income offinancial assets measured atamortizedcost|||
|Net gain on exposure hedges(“-”forloss)|||
|Gainonchangesinfairvalue(“-”forloss)|0.00|0.00|
|Creditimpairmentloss(“-”forloss)|||
|Assetimpairmentloss(“-”forloss)|475,313.54|2,286,956.93|
|Assetdisposalincome(“-”for|0.00|0.00|

ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019
||||
|-|-|-|
|loss)|||
|2.Operatingprofit(“-”forloss)|212,702,166.29|50,692,105.85|
|Add:Non-operatingincome|352,112.50|172,307.70|
|Less:Non-operatingexpense|1,113,254.57|711,102.23|
|3.Profitbeforetax(“-”forloss)|211,941,024.22|50,153,311.32|
|Less:Incometaxexpense|50,231,672.14|14,324,142.36|
|4.Netprofit(“-”fornetloss)|161,709,352.08|35,829,168.96|
|4.1 Net profit from continuingoperations(“-”fornetloss)|161,709,352.08|35,829,168.96|
|4.2 Net profit from discontinuedoperations(“-”fornetloss)|||
|5. Other comprehensive income, netoftax|0.00|0.00|
|5.1 Items that will not bereclassifiedtoprofitorloss|||
|5.1.1 Changes caused byremeasurements on defined benefitpensionschemes|||
|5.1.2 Other comprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod|||
|5.1.3 Changes in the fair valueof investments in other equityinstruments|||
|5.1.4 Changes in the fair valueofthecompany’screditrisks|||
|5.1.5Other|||
|5.2 Items that will be reclassifiedtoprofitorloss|||
|5.2.1 Other comprehensiveincome that will be reclassified toprofitorlossundertheequitymethod|||
|5.2.2 Changes in the fair valueof investments in other debtobligations|||
|5.2.3 Gain/Loss on changes inthe fair value of available-for-salefinancialassets|||
|5.2.4 Other comprehensiveincome arising from thereclassificationoffinancialassets|||

ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019
||||
|-|-|-|
|5.2.5Gain/Lossarising fromthereclassification of held-to-maturityinvestments to available-for-salefinancialassets|||
|5.2.6 Allowance for creditimpairments in investments in otherdebtobligations|||
|5.2.7 Reserve for cash flowhedges|||
|5.2.8 Differences arising fromthe translation of foreigncurrency-denominated financialstatements|||
|5.2.9Other|||
|6.Totalcomprehensiveincome|161,709,352.08|35,829,168.96|
|7.Earningspershare|||
|7.1Basicearningspershare|0.2713|0.0601|
|7.2Dilutedearningspershare|0.2713|0.0601|

7.ConsolidatedCashFlowStatementforQ1~Q3
Unit:RMB
||||
|-|-|-|
|Item|Q1~Q32019|Q1~Q32018|
|1. Cash flows from operatingactivities:|||
|Proceedsfromsaleofcommoditiesandrenderingofservices|3,314,246,618.83|1,295,693,553.75|
|Net increase in customer depositsandinterbankdeposits|||
|Net increase in borrowings fromthecentralbank|||
|Net increase in loans from otherfinancialinstitutions|||
|Premiums received on originalinsurancecontracts|||
|Netproceedsfromreinsurance|||
|Net increase in deposits andinvestmentsofpolicyholders|||
|Interest, handling charges andcommissionsreceived|||
|Net increase in interbank loansobtained|||

ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019
||||
|-|-|-|
|Net increase in proceeds fromrepurchasetransactions|||
|Net proceeds from acting tradingofsecurities|||
|Taxrebates|||
|Cash generated from otheroperatingactivities|67,566,886.74|54,362,412.15|
|Subtotal of cash generated fromoperatingactivities|3,381,813,505.57|1,350,055,965.90|
|Payments for commodities andservices|1,905,982,605.70|346,412,905.78|
|Net increaseinloansandadvancestocustomers|||
|Net increase in deposits in thecentral bank and in interbank loansgranted|||
|Paymentsforclaimsonoriginalinsurancecontracts|||
|Netincreaseininterbankloansgranted|||
|Interest, handling charges andcommissionspaid|||
|Policydividendspaid|||
|Cashpaidtoandforemployees|293,904,283.08|257,504,612.76|
|Taxespaid|561,618,318.73|635,718,764.52|
|Cash used in other operatingactivities|86,038,043.75|60,438,652.65|
|Subtotal of cash used in operatingactivities|2,847,543,251.26|1,300,074,935.71|
|Net cash generated from/used inoperatingactivities|534,270,254.31|49,981,030.19|
|2. Cash flows from investingactivities:|||
|Proceedsfromdisinvestment|||
|Returnoninvestment|||
|Net proceeds from the disposal offixed assets, intangible assets andotherlong-livedassets|18,465.00|86,935.08|
|Net proceeds from the disposal ofsubsidiariesandotherbusinessunits||79,901,686.57|
|Cash generated from other|||

ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019
||||
|-|-|-|
|investingactivities|||
|Subtotal of cash generated frominvestingactivities|18,465.00|79,988,621.65|
|Payments for the acquisition offixed assets, intangible assets andotherlong-livedassets|36,152,392.84|3,820,791.01|
|Paymentsforinvestments|||
|Net increase in pledged loansgranted|||
|Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits|1,555,272.25||
|Cash used in other investingactivities|||
|Subtotal of cash used in investingactivities|37,707,665.09|3,820,791.01|
|Net cash generated from/used ininvestingactivities|-37,689,200.09|76,167,830.64|
|3. Cash flows from financingactivities:|||
|Capitalcontributionsreceived|3,220,000.00||
|Including: Capital contributionsby non-controlling interests tosubsidiaries|3,220,000.00||
|Borrowingsobtained||1,000,000.00|
|Cash generated from otherfinancingactivities|||
|Subtotal of cash generated fromfinancingactivities|3,220,000.00|1,000,000.00|
|Repaymentsofborrowings|||
|Payments for interest anddividends|362,438,136.65|178,787,631.06|
|Including: Dividends paid bysubsidiaries to non-controllinginterests|||
|Cash used in other financingactivities|||
|Subtotal of cash used in financingactivities|362,438,136.65|178,787,631.06|
|Net cash generated from/used infinancingactivities|-359,218,136.65|-177,787,631.06|
|4. Effect of foreign exchange ratechangesoncashandcashequivalents|214,256.25|2,657,365.10|

ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019
||||
|-|-|-|
|5. Net increase in cash and cashequivalents|137,577,173.82|-48,981,405.13|
|Add: Cash and cash equivalents,beginningoftheperiod|3,375,714,690.09|2,464,626,655.21|
|6. Cash and cash equivalents, end oftheperiod|3,513,291,863.91|2,415,645,250.08|

8.CashFlowStatementoftheCompanyastheParentforQ1~Q3
Unit:RMB
||||
|-|-|-|
|Item|Q1~Q32019|Q1~Q32018|
|1. Cash flows from operatingactivities:|||
|Proceedsfromsaleofcommoditiesandrenderingofservices|320,412,800.30|375,845,935.24|
|Taxrebates|||
|Cash generated from otheroperatingactivities|2,136,343,279.15|189,133,015.29|
|Subtotal of cash generated fromoperatingactivities|2,456,756,079.45|564,978,950.53|
|Payments for commodities andservices|581,569,445.28|6,799,103.87|
|Cashpaidtoandforemployees|31,673,711.59|16,595,230.41|
|Taxespaid|351,320,590.40|89,575,754.41|
|Cash used in other operatingactivities|42,133,507.81|332,877,876.21|
|Subtotal of cash used in operatingactivities|1,006,697,255.08|445,847,964.90|
|Net cash generated from/used inoperatingactivities|1,450,058,824.37|119,130,985.63|
|2. Cash flows from investingactivities:|||
|Proceedsfromdisinvestment|||
|Returnoninvestment|42,472,222.23||
|Net proceeds from the disposal offixed assets, intangible assets andotherlong-livedassets|690.00|12,657.70|
|Net proceeds from the disposal ofsubsidiariesandotherbusinessunits||73,001,849.11|
|Cash generated from otherinvestingactivities|||
|Subtotal of cash generated from|42,472,912.23|73,014,506.81|

ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019
||||
|-|-|-|
|investingactivities|||
|Payments for the acquisition offixed assets, intangible assets andotherlong-livedassets|15,905,263.70|503,316.94|
|Paymentsforinvestments|1,200,000,000.00|39,351,392.06|
|Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits|1,600,000.00||
|Cash used in other investingactivities|||
|Subtotal of cash used in investingactivities|1,217,505,263.70|39,854,709.00|
|Net cash generated from/used ininvestingactivities|-1,175,032,351.47|33,159,797.81|
|3. Cash flows from financingactivities:|||
|Capitalcontributionsreceived|||
|Borrowingsobtained|||
|Cash generated from otherfinancingactivities|||
|Subtotal of cash generated fromfinancingactivities|||
|Repaymentsofborrowings|||
|Payments for interest anddividends|178,793,727.60|178,778,071.68|
|Cash used in other financingactivities|||
|Subtotal of cash used in financingactivities|178,793,727.60|178,778,071.68|
|Net cash generated from/used infinancingactivities|-178,793,727.60|-178,778,071.68|
|4. Effect of foreign exchange ratechangesoncashandcashequivalents|2,634.28|2,723.88|
|5. Net increase in cash and cashequivalents|96,235,379.58|-26,484,564.36|
|Add: Cash and cash equivalents,beginningoftheperiod|2,520,788,994.16|1,754,272,751.45|
|6. Cash and cash equivalents, end oftheperiod|2,617,024,373.74|1,727,788,187.09|

ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019 II Adjustments totheFinancialStatements
1. Adjustments to the Financial Statements at the Beginning of the Execution of any New Standards GoverningFinancialInstruments,RevenueorLeasesfrom2019
√Applicable□Notapplicable
ConsolidatedBalanceSheet
Unit:RMB
|||||
|-|-|-|-|
|Item|31December2018|1January2019|Adjusted|
|Currentassets:||||
|Monetarycapital|3,389,234,357.72|3,389,234,357.72||
|Settlementreserve||||
|Interbankloansgranted||||
|Tradingfinancialassets||||
|Financialassetsatfairvaluethroughprofitorloss||||
|Derivativefinancialassets||||
|Notesreceivable||||
|Accountsreceivable|64,231,267.94|64,231,267.94||
|Accountsreceivablefinancing||||
|Prepayments|35,913,164.32|35,913,164.32||
|Premiumsreceivable||||
|Reinsurancereceivables||||
|Receivable reinsurancecontractreserve||||
|Otherreceivables|24,428,411.19|24,428,411.19||
|Including:Interestreceivable|8,293,317.33|8,293,317.33||
|Dividendsreceivable||||
|Financial assets purchasedunderresaleagreements||||
|Inventories|1,181,762,531.67|1,181,762,531.67||
|Contractualassets||||
|Assets classified as held forsale||||
|Current portion ofnon-currentassets||||

ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019
|||||
|-|-|-|-|
|Othercurrentassets|16,694,408.12|16,694,408.12||
|Totalcurrentassets|4,712,264,140.96|4,712,264,140.96||
|Non-currentassets:||||
|Loans and advances tocustomers||||
|Investmentsindebtobligations||||
|Available-for-sale financialassets|3,621,381.11||-3,621,381.11|
|Investmentsinotherdebtobligations||||
|Held-to-maturityinvestments||||
|Long-termreceivables||||
|Long-term equityinvestments|39,999,283.24|39,999,283.24||
|Investmentsinotherequityinstruments||||
|Othernon-currentfinancialassets||3,621,381.11|3,621,381.11|
|Investmentproperty|400,550,689.90|400,550,689.90||
|Fixedassets|32,612,592.40|32,612,592.40||
|Constructioninprogress||||
|Productivelivingassets||||
|Oilandgasassets||||
|Right-of-useassets||||
|Intangibleassets||||
|R&Dexpense||||
|Goodwill||||
|Long-termprepaidexpense|2,398,576.29|2,398,576.29||
|Deferredincometaxassets|519,783,531.64|519,783,531.64||
|Othernon-currentassets|108,971,942.00|108,971,942.00||
|Totalnon-currentassets|1,107,937,996.58|1,107,937,996.58||
|Totalassets|5,820,202,137.54|5,820,202,137.54||
|Currentliabilities:||||
|Short-termborrowings||||
|Borrowings from central||||

ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019
||||
|-|-|-|
|bank|||
|Interbankloansobtained|||
|Tradingfinancialliabilities|||
|Financial liabilities at fairvaluethroughprofitorloss|||
|Derivative financialliabilities|||
|Notespayable|||
|Accountspayable|398,429,855.96|398,429,855.96|
|Advancesfromcustomers|265,338,215.34|265,338,215.34|
|Contractualliabilities|||
|Financial assets sold underrepurchaseagreements|||
|Customer deposits andinterbankdeposits|||
|Payables for acting tradingofsecurities|||
|Payablesforunderwritingofsecurities|||
|Payrollpayable|96,069,521.54|96,069,521.54|
|Taxespayable|1,552,720,630.59|1,552,720,630.59|
|Otherpayables|112,502,146.69|112,502,146.69|
|Including:Interestpayable|1,669.10|1,669.10|
|Dividendspayable|29,642.40|29,642.40|
|Handling charges andcommissionspayable|||
|Reinsurancepayables|||
|Liabilities directlyassociated with assetsclassifiedasheldforsale|||
|Current portion ofnon-currentliabilities|||
|Othercurrentliabilities|||
|Totalcurrentliabilities|2,425,060,370.12|2,425,060,370.12|
|Non-currentliabilities:|||
|Insurancecontractreserve|||
|Long-termborrowings|1,000,000.00|1,000,000.00|

ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019
||||
|-|-|-|
|Bondspayable|||
|Including: Preferredshares|||
|Perpetualbonds|||
|Leaseliabilities|||
|Long-termpayables|||
|Long-termpayrollpayable|||
|Provisions|||
|Deferredincome|||
|Deferred income taxliabilities|5,275.60|5,275.60|
|Othernon-currentliabilities|52,937,180.81|52,937,180.81|
|Totalnon-currentliabilities|53,942,456.41|53,942,456.41|
|Totalliabilities|2,479,002,826.53|2,479,002,826.53|
|Owners’equity:|||
|Sharecapital|595,979,092.00|595,979,092.00|
|Otherequityinstruments|||
|Including: Preferredshares|||
|Perpetualbonds|||
|Capitalreserves|118,938,132.89|118,938,132.89|
|Less:Treasurystock|||
|Other comprehensiveincome|-1,786,181.69|-1,786,181.69|
|Specificreserve|||
|Surplusreserves|299,569,569.96|299,569,569.96|
|Generalreserve|||
|Retainedearnings|2,325,248,711.48|2,325,248,711.48|
|Total equity attributable toownersoftheCompanyastheparent|3,337,949,324.64|3,337,949,324.64|
|Non-controllinginterests|3,249,986.37|3,249,986.37|
|Totalowners’equity|3,341,199,311.01|3,341,199,311.01|
|Total liabilities and owners’equity|5,820,202,137.54|5,820,202,137.54|

Noteforadjustment:
ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019 According to the Accounting Standards for Business Enterprises No. 22 - Recognition and Measurement of Financial Instruments(CK[2017]No.7),theAccountingStandardsforBusinessEnterprisesNo.23–TransferofFinancialAssets(CK[2017]No.8),theAccountingStandardsforBusinessEnterprisesNo.24–HedgingAccounting(CK[2017]No.9),andtheAccountingStandardsfor BusinessEnterprisesNo.37– Presentationof FinancialInstruments(CK[2017] No.14) issued and revised in 2017by Ministryof Finance, enterpriseslisteddomesticallyshall implementrelevantnewaccountingstandardsoffinancial instrumentsfrom 1January 2019.
NotesofRevisingandPrintingtheFormatof2018GeneralEnterprisesFinancialStatement(CK[2018]No.15)(hereinafterreferred to as “CK[2018] No. 15”) was issued by the Ministry of Finance on 15 June 2018, which required non-financial enterprises implementingaccounting standardsto preparethefinancial statements in accordancewith therevised format of general enterprises financial statements (applying to the enterprises who already implemented new standards governing financial instruments and revenue)
Adjustments are as follows according to the regulations and requirements of above notes and accounting standards for business enterprise:
1. The Company classified and adjusted the original “Available-for-sale financial assets” to “Other non-current financial assets” accordingtotheregulationsofnewstandardsofgoverningfinancialinstruments.
2.TheCompanychanged“incurredlossmethod”to“expectedlossmethod”forprovisionforfinancialassetsimpairment.
3.Accordingtotheregulationsofnewaccountingstandardsgoverningfinancialinstruments,theCompanydidnotneedtorestatethe pervious comparative data. The adjustment of discrepancy between with the new standards at the first execution day and original standardsshallberecordedintothebeginningretainedearningsof2019orothercomprehensiveincome.
BalanceSheetoftheCompanyastheParent
Unit:RMB
|||||
|-|-|-|-|
|Item|31December2018|1January2019|Adjusted|
|Currentassets:||||
|Monetarycapital|2,520,788,994.16|2,520,788,994.16||
|Tradingfinancialassets|0.00|0.00||
|Financialassetsatfairvaluethroughprofitorloss||||
|Derivativefinancialassets|0.00|0.00||
|Notesreceivable|0.00|0.00||
|Accountsreceivable|1,853,494.72|1,853,494.72||
|Accountsreceivablefinancing||||
|Prepayments|829,683.68|829,683.68||
|Otherreceivables|1,306,715,826.93|1,306,715,826.93||
|Including:Interestreceivable|8,229,503.58|8,229,503.58||
|Dividendsreceivable|0.00|0.00||

ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019
|||||
|-|-|-|-|
|Inventories|105,840,115.24|105,840,115.24||
|Contractualassets||||
|Assets classified as held forsale||||
|Current portion ofnon-currentassets|0.00|0.00||
|Othercurrentassets|0.00|0.00||
|Totalcurrentassets|3,936,028,114.73|3,936,028,114.73||
|Non-currentassets:||||
|Investmentsindebtobligations||||
|Available-for-sale financialassets|3,851,881.11||-3,851,881.11|
|Investmentsinotherdebtobligations||||
|Held-to-maturityinvestments|0.00|0.00||
|Long-termreceivables|0.00|0.00||
|Long-term equityinvestments|239,501,956.17|239,501,956.17||
|Investmentsinotherequityinstruments||||
|Othernon-currentfinancialassets|0.00|3,851,881.11|3,851,881.11|
|Investmentproperty|317,313,917.65|317,313,917.65||
|Fixedassets|9,121,637.65|9,121,637.65||
|Constructioninprogress|0.00|0.00||
|Productivelivingassets|0.00|0.00||
|Oilandgasassets|0.00|0.00||
|Right-of-useassets||||
|Intangibleassets|0.00|0.00||
|R&Dexpense|0.00|0.00||
|Goodwill|0.00|0.00||
|Long-termprepaidexpense|778,392.57|778,392.57||
|Deferredincometaxassets|315,888,967.26|315,888,967.26||
|Othernon-currentassets|104,132,920.00|104,132,920.00||
|Totalnon-currentassets|990,589,672.41|990,589,672.41||

ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019
||||
|-|-|-|
|Totalassets|4,926,617,787.14|4,926,617,787.14|
|Currentliabilities:|||
|Short-termborrowings|0.00|0.00|
|Tradingfinancialliabilities|0.00|0.00|
|Financial liabilities at fairvaluethroughprofitorloss|||
|Derivative financialliabilities|||
|Notespayable|0.00|0.00|
|Accountspayable|124,501,464.28|124,501,464.28|
|Advancesfromcustomers|75,895,087.75|75,895,087.75|
|Contractualliabilities|||
|Payrollpayable|31,224,455.28|31,224,455.28|
|Taxespayable|1,402,388,742.76|1,402,388,742.76|
|Otherpayables|224,875,980.31|54,376,657.71|
|Including:Interestpayable|0.00|0.00|
|Dividendspayable|29,642.40|29,642.40|
|Liabilities directlyassociated with assetsclassifiedasheldforsale|||
|Current portion ofnon-currentliabilities|||
|Othercurrentliabilities||170,499,322.60|
|Totalcurrentliabilities|1,858,885,730.38|1,858,885,730.38|
|Non-currentliabilities:|||
|Long-termborrowings|0.00|0.00|
|Bondspayable|0.00|0.00|
|Including: Preferredshares|0.00|0.00|
|Perpetualbonds|0.00|0.00|
|Leaseliabilities|||
|Long-termpayables|0.00|0.00|
|Long-termpayrollpayable|||
|Provisions|0.00|0.00|

ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019
||||
|-|-|-|
|Deferredincome|0.00|0.00|
|Deferred income taxliabilities|0.00|0.00|
|Othernon-currentliabilities|0.00|0.00|
|Totalnon-currentliabilities|0.00|0.00|
|Totalliabilities|1,858,885,730.38|1,858,885,730.38|
|Owners’equity:|||
|Sharecapital|595,979,092.00|595,979,092.00|
|Otherequityinstruments|||
|Including: Preferredshares|||
|Perpetualbonds|||
|Capitalreserves|92,326,467.62|92,326,467.62|
|Less:Treasurystock|0.00|0.00|
|Other comprehensiveincome|0.00|0.00|
|Specificreserve|||
|Surplusreserves|298,912,759.52|298,912,759.52|
|Retainedearnings|2,080,513,737.62|2,080,513,737.62|
|Totalowners’equity|3,067,732,056.76|3,067,732,056.76|
|Total liabilities and owners’equity|4,926,617,787.14|4,926,617,787.14|

Noteforadjustment:
According to the Accounting Standards for Business Enterprises No. 22 - Recognition and Measurement of Financial Instruments(CK[2017]No.7),theAccountingStandardsforBusinessEnterprisesNo.23–TransferofFinancialAssets(CK[2017]No.8),theAccountingStandardsforBusinessEnterprisesNo.24–HedgingAccounting(CK[2017]No.9),andtheAccountingStandardsfor BusinessEnterprisesNo.37– Presentationof FinancialInstruments(CK[2017] No.14) issued and revised in 2017by Ministryof Finance, enterpriseslisteddomesticallyshall implementrelevantnewaccountingstandardsoffinancial instrumentsfrom 1January 2019.
NotesofRevisingandPrintingtheFormatof2018GeneralEnterprisesFinancialStatement(CK[2018]No.15)(hereinafterreferred to as “CK[2018] No. 15”) was issued by the Ministry of Finance on 15 June 2018, which required non-financial enterprises implementingaccounting standardsto preparethefinancial statements in accordancewith therevised format of general enterprises financial statements (applying to the enterprises who already implemented new standards governing financial instruments and revenue)
Adjustments are as follows according to the regulations and requirements of above notes and accounting standards for business enterprise:
1. The Company classified and adjusted the original “Available-for-sale financial assets” to “Other non-current financial assets”
accordingtotheregulationsofnewstandardsofgoverningfinancialinstruments.
2.TheCompanychanged“incurredlossmethod”to“expectedlossmethod”forprovisionforfinancialassetsimpairment.
ShenZhenProperties&ResourcesDevelopment(Group)Ltd. ThirdQuarterReport2019 3.Accordingtotheregulationsofnewaccountingstandardsgoverningfinancialinstruments,theCompanydidnotneedtorestatethe pervious comparative data. The adjustment of discrepancy between with the new standards at the first execution day and original standardsshallberecordedintothebeginningretainedearningsof2019orothercomprehensiveincome.
2. Retrospective Restatement of Previous Comparative Data due to the Execution of any New Standards GoverningFinancialInstrumentsorLeasesfrom2019
□Applicable√Notapplicable
IIIIndependentAuditor’s Report
Indicatebytickmarkwhetherthefinancialstatementsabovehavebeenauditedbyanindependentauditor.
□Yes√No
Thesefinancialstatementshavenotbeenauditedbysuchanauditor.