Sino Great Wall Co., Ltd. Summary of the Semi-Annual Report 2019 Stock code: 000018，200018 Stock ID :*ST Sino Great Wall，*ST Sino B Announcement No. 2019-104
Sino Great Wall Co., Ltd.
Summary of the Semi-Annual Report 2019
I. Important notes
The summary is abstract from full-text of summary of the semi-annual report, for more details information , investors should found in the full-text of summary of the semi-annual report that published on website of
Shenzhen Stock Exchange and other website appointed by CSRC.
All the directors attended the board meeting for reviewing the Semi-Annual Report. No disagreement was raised by the directors, supervisors, and senior managements.
Non-standardauditor’s opinion
□ Applicable√Not applicable
Preliminary plan for profit distribution to the common shareholders or turning the capital reserve into the share capital for the reporting period, which has been reviewed and approved at the board meeting
□ Applicable√Not applicable
The Company has no plan of cash dividends carried out, bonus issued and capitalizing of common reserves either. Preliminary plan for profit distribution to the preference shareholders for the reporting period which has been reviewed and approved at the board meeting
□ Applicable√Not applicable
II. Basic information about the company
1. Company profile
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|Stock ID|*ST Sino Great Wall ，*ST Sino B|S tock code||000018、200018|
|Stock exchange|Shenzhen Stock Exchange||||
|Contact person and contact manner|Board secretary||Securities affairs Representative||
|Name|Yang Chunling||Sun Yu||
||Sino Great Wall Building, No.3 Jinxiu Street,Economic Technology Development Zone ,Beijing||Sino Great Wall Building, No.3 Jinxiu Street,Economic Technology Development Zone ,Beijing||
|Contact address|||||
|Tel|010-89045855||010-89045855||
|Email.|1208806865@qq.com||000018sz@sina.com||

2. Major accounting data and financial indicators
Indicate by tick mark whether the Company needs to retroactively restate any of its accounting data.
□ Yes√No
Sino Great Wall Co., Ltd. Summary of the Semi-Annual Report 2019
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||Reporting period|Same period of last year|YoY+/-（%）|
|Operating income（RMB）|256,367,221.67|1,586,971,575.24|-83.85%|
|Net profit attributable to the shareholders|-1,416,774,391.50|143,999,455.72||
||||-1,083.87%|
|of the listed company（RMB）||||
|Net profit after deducting of non-recurring||||
|gain/loss attributable to the shareholders of|-951,716,601.10|-33,506,685.35|2,740.38%|
|listed company（RMB）||||
|Cash flow generated by business operation,|-422,152,026.80|1,098,164,365.63||
||||-138.44%|
|net（RMB）||||
|Basic earning per share(RMB/Share)|-0.8343|0.0848|-1,083.84%|
|Diluted gains per share(RMB/Share)|-0.8343|0.0848|-1,083.84%|
|Weighted average ROE(%)|-298.54%|6.61%|-305.15%|
||As at the end of the reporting|||
|||As at the end of last year|YoY+/-（%）|
||period|||
|Gross assets (RMB)|7,971,610,486.31|9,603,455,934.89|-16.99%|
|Net assets attributable to shareholders of|-1,184,353,287.94|235,202,473.51||
||||-603.55%|
|the listed company （RMB）||||

3.Shareholders and shareholding
In Shares
||||||||||
|-|-|-|-|-|-|-|-|-|
|||||||Number of shareholders of|||
|Total Number of common|||||||||
|shareholders at the end of the|||69,421|||preferred stocks of whichvoting rights recovered in the|0||
|reporting period||||||report period(If any)|||
|Shareholdings of Top 10 shareholders|||||||||
|Shareholders||Proportion of||Number of|||Number of share||
||Nature ofshareholder|shares held||shares held at|Amount of restricted shares held||pledged/frozen||
|||（%）||period -end|||State of share|Amount|
|Chen Lue|DomesticNatural person|34.36%||583,454,556|437,590,917||Pledge|583,454,462|
||||||||Freeze|583,454,556|
|STYLE-SUCCESS LIMITED|Foreign legalperson|5.47%||92,970,910|||||
|Union HoldingsCo., Ltd.|Domestic Non-State-ownedlegal person|5.18%||87,935,921|||||
|He Feiyan|DomesticNatural person|3.23%||54,800,458|||||
||||||||Freeze|54,800,458|
|Jiutai Fund －Bank ofCommunications － JiutaiHuitong No.2specificcustomer assetmanagementplan|Other|2.40%||40,696,772|||||
|Rich CrownInvestment Co.,Ltd.|Foreign legalperson|1.37%||23,235,313|||||
|Lei Shizhang|DomesticNatural person|0.88%||15,000,000|||||
|Qinghai HeyiIndustry|Domestic Non-State-owned|0.79%||13,357,084|||||
||||||||Pledge|13,357,084|

Sino Great Wall Co., Ltd. Summary of the Semi-Annual Report 2019
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|-|-|-|-|
|DevelopmentCo., Ltd.|legal person|||
|Huang Huaian|DomesticNatural person|0.68%|11,480,000|
|Liu Yong|DomesticNatural person|0.41%|7,044,352|
|||The largest shareholder of Mr. Chen Lue and the Fourth largest shareholder of Ms. He Feiyanaforesaid are persons acting in concerted; The controlling shareholder of the above-mentionedthird shareholder Shenzhen Union Holdings Co.,Ltd. And Sixth shareholder Rich CrownInvestment Co., Ltd.. Is Union Development Group Ltd.; It is unknown whether there isrelationship between other shareholders and whether they are persons taking concerted actionspecified in the Regulations on Disclosure of Information about Change in Shareholding ofShareholders of Listed Companies.||
|Explanation on associated||||
|relationship among the aforesaid||||
|shareholders||||
|Notes to the shareholders||Nil||
|involved in financing securities||||
|(if any)||||

4. Change of the controlling shareholder or the actual controller
Change of the controlling shareholder in the reporting period
□ Applicable√ Not Applicable
There was no any change of the controlling shareholder of the Company in the reporting period.
Change of the actual controller in the reporting period
□ Applicable√ Not applicable
There was no any change of the actual controller of the Company in the reporting period.
5.Number of preference shareholders and shareholdings of top 10 of them
□ Applicable√ Not applicable
No preference shareholders in the reporting period
6.Corporate bonds
Are there any corporate bonds publicly offered and listed on the stock exchange, which were undue before the approval date of this report or were due but could not be redeemed in full?
No
III. Performance discussion& analysis
1．Performance Review for Reporting period
Is the company subject to any disclosure requirements for special industries?
Yes
Civil Engineering Construction
In the first half of 2019, due to the escalation of trade tensions and the tightening of credit in major economies, the differentiation of major economies in the world has intensified and uncertainty has increased. The world economic situation is facing downward risks. China's overall economic operation is within a reasonable range, continuing the overall steady and steady development trend. Although the company is still affected by last year's national capital management policy and the different degrees of loan collection by financial institutions such as loan
withdrawal and loan interruption, the company's operating capital is with difficulty in liquidity, which has
triggered a series of chain reactions of operating difficulties. The company's operating income has been greatly
reduced. The company has overcome many difficulties and actively responded to them. During the reporting
period, the company actively solved the problem of back pay for some employees and increased the dunning
Sino Great Wall Co., Ltd. Summary of the Semi-Annual Report 2019 effort for accounts receivable, for which the initial results have been achieved currently. In the first half of 2019, the company realized operating income of 256 million yuan, with a year-on-year decrease of83.85%; Operating profit was -951 million yuan, with a year-on-year decrease of5583.63%; Net profit attributable to the parent company was -1.417 billion yuan, with a year-on-year decrease of1083.87%.
In terms of engineering construction, the company overcame difficulties and obstacles, rooted in the existing business area and scale, and continued to steadily expand its business. During the reporting period, the company faced difficulties both domestically and abroad. In terms of foreign business, the company continues to maintain the normal operation of existing projects in Cambodia, Russia, Malaysia and Algeria. It actively promotes the settlement, litigation, accounts receivable recovery and activation of shutdown projects. Meanwhile, it is expected to sign a high-value business contract in 2019 by making use of the good relationship of existing major customers and tracking the target projects in Southeast Asia. In terms of domestic business, the first and second phases of the "Qinyuanli" real estate project in Chengdu, with a total construction area of about 200,000 square meters, have been capped. The Xiangfu District Hospital of Traditional Chinese Medicine in Kaifeng City, Henan Province and the Anyang Second People's Hospital are under active construction. Other large health projects such as medical care and old-age care are also being promoted.
The medical and health industry is an important pillar in the company's transformation and development strategy, and the company focuses on developing its own building capacity and brand in medical engineering construction. Through cooperation with relevant professional organizations, proton hospital projects will be actively promoted to be implemented, the scientific and technological content of the company's medical and health sector will be elevated, and the profitability of the medical and health business will be improved.
In smart housing sector, it will locate the trend and accurately position it, and comprehensively push forward the implementation of strategic development goals. In recent years, the Chinese government has successively issued relevant policies to vigorously promote the transformation of the construction industry to construction industrialization. The company's "Sino Great Wall Smart Housing Co., Ltd." set up in Zhanjiang, Guangdong, produces fabricated supporting products. During the reporting period, due to the financial environment, the production line has not yet been established and put into operation. Meanwhile, the company promoted the rural assembly business and made a preliminary layout in key regions of the country.
Faced with the financial difficulties, the company has made concerted efforts from top to bottom to conquer the difficulties. It has successively carried out a series of reforms and innovations in enterprise management mode, timely investigated and re-elected board members, integrated the senior management team, re-organized the business sectors, defined the responsibility assessment, strengthened the asset preservation, comprehensively optimized control and other measures to effectively stimulate enterprise development potential in adversity. 2.Maters related to financial report
(1) Reason for changes in accounting policies, accounting estimates and accounting methods as compared to the financial report for the prior year
□ Applicable√ Not applicable
No such cases in the reporting period.
(2) Reason for retrospective restatement to correct major accounting errors during the reporting period
□ Applicable√ Not applicable
No such cases in the reporting period.
(3) Reason for changes in scope of the consolidated financial statements as compared to the financial report for the prior year
√ Applicable□Not applicable
(1)Newly established subsidiaries for the current period
(1)Newly established subsidiaries for the current period
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|Name|Business plant|Registered|Share-holding ratio（%）|Acquired way|

Sino Great Wall Co., Ltd. Summary of the Semi-Annual Report 2019
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|||address|Directly|Indirectly||
|Sino Great Wall DecorationEngineering (Beijing ) Co.,Ltd.|Beijing|Beijing|100||Establish|

（2）Other reasons for decreasing of subsidiaries in the current period
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|Name|Share-holding ratio|Disposition way|The time pointat which controlis lost|Basis fordetermining thepoint of loss ofcontrol.||||Disposition gains andlosses|
|Suzhou Lvbang WoodsTechnology Co., Ltd.|100%|Sell|April 26,2019|Industrial &commercialregistration ofchanges||Industrial &|||
|||||||commercial|||
||||||registration of||||
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