深深房B：2024年第三季度报告(英文)
Stock Code: 000029, 200029 Stock Name: SPG, SPG-B Announcement No.: 2024-040
SHENZHEN SPECIAL ECONOMIC ZONE REAL ESTATE
& PROPERTIES (GROUP) CO., LTD.THIRD QUARTERLY REPORT 2024
Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd. (hereinafter referred to as the “Company”) and allthe members of the Company’s Board of Directors hereby guarantee that the contents of this Report are true, accurate andcomplete and free of any misrepresentations, misleading statements or material omissions.
Important Notes:
1. The Board of Directors, the Supervisory Committee as well as the directors, supervisors and seniormanagement of the Company hereby guarantee that the contents of this Report are true, accurate and complete andfree of any misrepresentations, misleading statements or material omissions, and collectively and individuallyaccept legal responsibility for such contents.
2. The Company’s legal representative, Chief Financial Officer, and head of the Company’s financial department(equivalent to financial manager) hereby guarantee that the financial statements carried in this Report are true,accurate and complete.
3. Indicate whether the financial statements in this Report have been audited by an independent auditor.
□Yes ? No
I Key Financial Information(I) Key Accounting Data and Financial IndicatorsIndicate whether there is any retrospectively restated datum in the table below.
□Yes ? No
| Q3 2024 | YoY change (%) | Q1-Q3 2024 | YoY change (%) | |
| Operating revenue (RMB) | 74,007,078.57 | -18.40% | 208,232,198.00 | -41.23% |
| Net profit attributable to the listed company’s shareholders (RMB) | -604,146.31 | -187.97% | 5,018,645.08 | 113.78% |
| Net profit attributable to the listed company’s shareholders before exceptional gains and losses (RMB) | -5,743,682.96 | -274.79% | -10,940,810.51 | 75.14% |
| Net cash generated from/used in operating activities (RMB) | — | — | -137,652,034.71 | -117.35% |
| Basic earnings per share (RMB/share) | -0.0006 | -185.31% | 0.005 | 113.89% |
| Diluted earnings per share (RMB/share) | -0.0006 | -185.31% | 0.005 | 113.89% |
| Weighted average return on equity (%) | -0.02% | -0.04% | 0.14% | -0.78% |
| 30 September 2024 | 31 December 2023 | Change (%) | ||
| Total assets (RMB) | 6,459,864,549.07 | 6,485,312,507.46 | -0.39% | |
| Equity attributable to the listed company’s shareholders (RMB) | 3,701,190,972.90 | 3,691,082,484.20 | 0.27% | |
(II) Exceptional Gains and Losses
? Applicable □ Not applicable
Unit: RMB
| Item | Q3 2024 | Q1-Q3 2024 | Note |
| Gain or loss on disposal of non-current assets (inclusive of impairment allowance write-offs) | -28,032.14 | 195,840.20 | |
| Government grants recognised in profit or loss (exclusive of those that are closely related to the Company's normal business operations and given in accordance with defined criteria and in compliance with government policies, and have a continuing impact on the Company's profit or loss) | 83,011.12 | ||
| Gains and losses on investment or asset management entrustments to other entities | 4,243,054.54 | 13,964,637.73 | Changes in fair value arising from investing monetary funds |
| Non-operating income and expense other than the above | 1,223,341.62 | 2,381,686.58 | |
| Less: Income tax effects | 298,827.37 | 665,134.48 |
| Non-controlling interests effects (net of tax) | 585.56 | ||
| Total | 5,139,536.65 | 15,959,455.59 | -- |
Other items that meet the definition of exceptional gain/loss:
□Applicable ? Not applicable
No such cases in the Reporting Period.Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed in the Explanatory AnnouncementNo. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss Items:
□Applicable ? Not applicable
No such cases in the Reporting Period.(III) Changes in Key Financial Statement Line Items and Explanation of whyOperating revenue for Q1-Q3 2024 declined 41.23% as compared to the same period of last year, primarilydriven by the decreased property sales revenue in the Reporting Period.Net profit attributable to the listed company’s shareholders for Q1-Q3 2024 rose 113.78% as compared to thesame period of last year and net profit attributable to the listed company’s shareholders before exceptional gainsand losses for Q1-Q3 2024 rose 75.14% as compared to the same period of last year, primarily driven by thepayment of land value added tax in the same period of last year.Net cash generated from/used in operating activities for Q1-Q3 2024 declined 117.35% as compared to thesame period of last year, primarily driven by the gradual inflow of pre-sale revenue of the Guangmingli projectin the same period of last year and the decreased property sales in the current period.
II Shareholder Information
(I) Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as wellas Holdings of Top 10 Shareholders
Unit: share
| Number of ordinary shareholders | 54,508 | Number of preference shareholders with resumed voting rights | 0 | ||||||
| Top 10 shareholders (exclusive of shares lent in refinancing) | |||||||||
| Name of shareholder | Nature of shareholder | Shareholding percentage | Total shares held | Restricted shares held | Shares in pledge, marked or frozen | ||||
| Status | Shares | ||||||||
| Shenzhen Investment Holdings Co., Ltd. | State-owned corporation | 55.78% | 564,353,838 | 0 | N/A | 0 | |||
| Shenzhen State-Owned Equity Operation and Management Co., Ltd. | Domestic non-state-owned legal person | 6.35% | 64,288,426 | 0 | N/A | 0 | |||
| Yang Jianmin | Domestic natural person | 1.19% | 12,069,517 | 0 | N/A | 0 | |||
| Zhang Xiujuan | Domestic natural person | 0.47% | 4,760,400 | 0 | N/A | 0 | |||
| Wang Yulan | Domestic natural person | 0.46% | 4,612,991 | 0 | N/A | 0 | |||
| Hong Kong Securities Clearing Company Ltd. | Foreign legal person | 0.36% | 3,669,204 | 0 | N/A | 0 | |||
| Industrial and Commercial | Other | 0.35% | 3,548,804 | 0 | N/A | 0 | |||
| Bank of China Limited－Southern China Securities Full Index Real Estate Trading Open-ended Index Securities Investment Fund | ||||||||||
| He Qiao | Domestic natural person | 0.33% | 3,332,000 | 0 | N/A | 0 | ||||
| China Merchants Bank Co., Ltd.- Southern China Securities 1000 Trading Open-ended Index Securities Investment Fund | Other | 0.30% | 3,066,396 | 0 | N/A | 0 | ||||
| Wang Zhengying | Domestic natural person | 0.29% | 2,918,100 | 0 | N/A | 0 | ||||
| Top 10 unrestricted shareholders (exclusive of shares lent in refinancing and locked shares of executives) | ||||||||||
| Name of shareholder | Unrestricted shares held | Shares by type and number | ||||||||
| Type | Shares | |||||||||
| Shenzhen Investment Holdings Co., Ltd. | 564,353,838 | RMB-denominated ordinary stock | 564,353,838 | |||||||
| Shenzhen State-Owned Equity Operation and Management Co., Ltd. | 64,288,426 | RMB-denominated ordinary stock | 64,288,426 | |||||||
| Yang Jianmin | 12,069,517 | RMB-denominated ordinary stock | 12,069,517 | |||||||
| Zhang Xiujuan | 4,760,400 | RMB-denominated ordinary stock | 4,760,400 | |||||||
| Wang Yulan | 4,612,991 | RMB-denominated ordinary stock | 4,612,991 | |||||||
| Hong Kong Securities Clearing Company Ltd. | 3,669,204 | RMB-denominated ordinary stock | 3,669,204 | |||||||
| Industrial and Commercial Bank of China Limited－Southern China Securities Full Index Real Estate Trading Open-ended Index Securities Investment Fund | 3,548,804 | RMB-denominated ordinary stock | 3,548,804 | |||||||
| He Qiao | 3,332,000 | RMB-denominated ordinary stock | 3,332,000 | |||||||
| China Merchants Bank Co., Ltd.- Southern China Securities 1000 Trading Open-ended Index Securities Investment Fund | 3,066,396 | RMB-denominated ordinary stock | 3,066,396 | |||||||
| Wang Zhengying | 2,918,100 | RMB-denominated ordinary stock | 2,918,100 | |||||||
| Related or acting-in-concert parties among the shareholders above | Among the top 10 unrestricted shareholders of the Company, Shenzhen State-Owned Equity Operation and Management Co., Ltd. is the wholly-owned subsidiary of Shenzhen Investment Holdings Co., Ltd. The Company does not know whether there exists related-party relationship among the other shareholders, or whether they are persons acting in concert as prescribed in the Administrative Measures for the Acquisition of Listed Companies. | |||||||||
| Top 10 shareholders engaged in securities margin trading (if any) | Among the top 10 shareholders, the third shareholder holds 9,804,200 shares of the Company in his credit security account; the fourth shareholder holds 4,760,400 shares of the Company in her credit security account; the eighth shareholder holds 3,332,000 shares of the Company in his credit security account; the tenth | |||||||||
shareholders holds 2,918,100 shares of the Company in his credit security account.
5% or greater shareholders, top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing shares lending? Applicable □ Not applicable
Unit: share
| 5% or greater shareholders, top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing shares lending | ||||||||
| Full name of shareholder | Shares in the common account and credit account at the period-begin | Shares lent in refinancing and not yet returned at the period-begin | Shares in the common account and credit account at the period-end | Shares lent in refinancing and not yet returned at the period-end | ||||
| Total shares | As % of total share capital | Total shares | As % of total share capital | Total shares | As % of total share capital | Total shares | As % of total share capital | |
| China Merchants Bank Co., Ltd.- Southern China Securities 1000 Trading Open-ended Index Securities Investment Fund | 319,800 | 0.03% | 71,800 | 0.01% | 3,066,396 | 0.30% | 0 | 0.00% |
Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares lending/return compared with theprior period? Applicable □ Not applicable
Unit: share
| Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares lending/return compared with the end of the prior period | |||||
| Full name of shareholder | Newly added to or exiting from top 10 shareholders in the Reporting Period | Shares lent in refinancing and not yet returned at the period-end | Shares in the common account and credit account plus shares lent in refinancing and not yet returned at the period-end | ||
| Total shares | As % of total share capital | Total shares | As % of total share capital | ||
| China Merchants Bank Co., Ltd.- Southern China Securities 1000 Trading Open-ended Index Securities Investment Fund | Newly added | 0 | 0.00% | 3,066,396 | 0.30% |
(II) Number of Preference Shareholders and Shareholdings of Top 10 of Them
□Applicable ? Not applicable
III Other Significant Events
(I) The controlling shareholder of the Company, Shenzhen Investment Holdings Co., Ltd. intends to transfer its71,498,100 shares in the Company (accounting for 7.07% of the Company’s total share capital) to China OrientAsset Management Co., Ltd. via transfer by agreement, which is subject to the approval of the SupervisionDepartment of State-owned Assets Supervision and Administration Commission, the confirmation of compliance
by Shenzhen Stock Exchange and application to China Securities Depository and Clearing Corporation Limitedfor registration of transfer of the shares. Thus, it is uncertain whether this transfer by agreement can be finalizedor not. For more details, please refer to the Suggestive Announcement on the Controlling Shareholder's Transferof Part of the Company's Shares under Agreement and Equity Change (Announcement No.: 2024-021) disclosedon 29 June 2024.(II) The Company respectively convened the 13
th Meeting of the 8
th
Board of Directors and the 9
thMeeting of the
thSupervisory Committee on 30 September 2024, at which, the Proposal on Changing the Commitment to AvoidHorizontal Competition by the Controlling Shareholder of the Company was reviewed and approved. Relevantmatters shall be submitted to the shareholders’ meeting of the Company for review. For more details, please referto the Announcement on Changing the Commitment to Avoid Horizontal Competition by the ControllingShareholder of the Company (Announcement No.: 2024-035) disclosed on 30 September 2024.IV Quarterly Financial Statements(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by ShenZhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
30 September 2024
Unit: RMB
| Item | 30 September 2024 | 1 January 2024 |
| Current assets: | ||
| Monetary assets | 583,402,066.94 | 871,019,268.83 |
| Settlement reserve | ||
| Loans to other banks and financial institutions | ||
| Held-for-trading financial assets | 933,304,839.65 | 879,340,201.92 |
| Derivative financial assets | ||
| Notes receivable | ||
| Accounts receivable | 88,684,341.22 | 75,100,970.83 |
| Receivables financing | ||
| Prepayments | 2,455,137.62 | 409,192.07 |
| Premiums receivable | ||
| Reinsurance receivables | ||
| Receivable reinsurance contract reserve | ||
| Other receivables | 20,538,725.26 | 15,893,736.28 |
| Including: Interest receivable | ||
| Dividends receivable | ||
| Financial assets purchased under resale agreements | ||
| Inventories | 4,044,416,401.02 | 3,915,215,921.96 |
| Including: Data resource | ||
| Contract assets | 26,466,060.03 | 27,352,596.92 |
| Assets held for sale | ||
| Current portion of non-current assets | ||
| Other current assets | 167,817,788.82 | 87,175,263.06 |
| Total current assets | 5,867,085,360.56 | 5,871,507,151.87 |
| Non-current assets: | ||
| Loans and advances to customers | ||
| Debt investments | ||
| Other debt investments | ||
| Long-term receivables | ||
| Long-term equity investments | ||
| Investments in other equity instruments | 15,326,451.57 | 14,324,411.35 |
| Other non-current financial assets | ||
| Investment property | 521,455,768.09 | 541,542,136.17 |
| Fixed assets | 17,954,875.64 | 19,928,049.77 |
| Construction in progress | ||
| Productive living assets | ||
| Oil and gas assets | ||
| Right-of-use assets | 12,673.50 | 99,641.48 |
| Intangible assets | ||
| Including: Data resource | ||
| Development costs | ||
| Including: Data resource | ||
| Goodwill | ||
| Long-term prepaid expense | 1,029,510.15 | 1,598,305.56 |
| Deferred income tax assets | 36,750,203.66 | 36,312,811.26 |
| Other non-current assets | 249,705.90 | |
| Total non-current assets | 592,779,188.51 | 613,805,355.59 |
| Total assets | 6,459,864,549.07 | 6,485,312,507.46 |
| Current liabilities: | ||
| Short-term borrowings | 4,363,396.09 | 3,550,000.00 |
| Borrowings from the central bank | ||
| Loans from other banks and financial institutions | ||
| Held-for-trading financial liabilities | ||
| Derivative financial liabilities | ||
| Notes payable | 419,905,857.76 | 443,259,768.78 |
| Accounts payable | ||
| Advances from customers | 989,653.09 | 420,724.30 |
| Contract liabilities | 1,383,798,125.52 | 1,291,448,591.28 |
| Financial assets sold under repurchase agreements | ||
| Customer deposits and deposits from other banks and financial institutions | ||
| Payables for acting trading of securities | ||
| Payables for underwriting of securities | ||
| Employee benefits payable | 23,854,539.59 | 22,247,017.36 |
| Taxes and levies payable | 35,378,094.33 | 40,908,986.48 |
| Other payables | 557,817,929.91 | 554,469,229.59 |
| Including: Interest payable | 16,535,277.94 | 16,535,277.94 |
| Dividends payable | ||
| Fees and commissions payable | ||
| Reinsurance payables | ||
| Liabilities directly associated with assets held for sale | ||
| Current portion of non-current liabilities | 50,315,969.20 | 34,056,347.93 |
| Other current liabilities | 132,267,400.40 | 136,364,529.76 |
| Total current liabilities | 2,608,690,965.89 | 2,526,725,195.48 |
| Non-current liabilities: | ||
| Insurance contract reserve | ||
| Long-term borrowings | 62,336,264.42 | 179,431,851.02 |
| Bonds payable | ||
| Including: Preference shares | ||
| Perpetual bonds | ||
| Lease liabilities | ||
| Long-term payables | ||
| Long-term employee benefits payable | ||
| Provisions | ||
| Deferred income | ||
| Deferred income tax liabilities | 3,012,566.54 | 3,012,566.54 |
| Other non-current liabilities | ||
| Total non-current liabilities | 65,348,830.96 | 182,444,417.56 |
| Total liabilities | 2,674,039,796.85 | 2,709,169,613.04 |
| Owners’ equity: | ||
| Share capital | 1,011,660,000.00 | 1,011,660,000.00 |
| Other equity instruments | ||
| Including: Preference shares | ||
| Perpetual bonds | ||
| Capital reserves | 978,244,910.11 | 978,244,910.11 |
| Less: Treasury stock | ||
| Other comprehensive income | 30,409,303.06 | 25,319,459.44 |
| Specific reserve | ||
| Surplus reserves | 275,253,729.26 | 275,253,729.26 |
| General reserve | ||
| Retained earnings | 1,405,623,030.47 | 1,400,604,385.39 |
| Total equity attributable to owners of the Company as the parent | 3,701,190,972.90 | 3,691,082,484.20 |
| Non-controlling interests | 84,633,779.32 | 85,060,410.22 |
| Total owners’ equity | 3,785,824,752.22 | 3,776,142,894.42 |
| Total liabilities and owners’ equity | 6,459,864,549.07 | 6,485,312,507.46 |
Legal representative: Tang Xiaoping Chief Financial Officer: Wang Jianfei Head of the financial department: Zhou Hongpu
2. Consolidated Income Statement for Q1~Q3
Unit: RMB
| Item | Q1~Q3 2024 | Q1~Q3 2023 |
| 1. Revenues | 208,232,198.00 | 354,316,805.85 |
| Including: Operating revenue | 208,232,198.00 | 354,316,805.85 |
| Interest income | ||
| Insurance premium income | ||
| Fee and commission income | ||
| 2. Costs and expenses | 221,606,819.35 | 404,813,647.75 |
| Including: Cost of sales | 167,778,707.67 | 289,093,965.63 |
| Interest expense | ||
| Fee and commission expense | ||
| Surrenders | ||
| Net insurance claims paid | ||
| Net amount provided as |
| insurance contract reserve | ||
| Expenditure on policy dividends | ||
| Reinsurance premium expense | ||
| Taxes and levies | ||
| Selling expense | 10,691,316.88 | 63,813,731.19 |
| Administrative expense | 8,652,895.76 | 17,817,886.71 |
| R&D expense | 38,834,113.71 | 34,809,213.29 |
| Finance costs | -4,350,214.67 | -721,149.07 |
| Including: Interest expense | 1,462,486.36 | 427,438.60 |
| Interest income | 6,941,761.59 | 1,303,132.63 |
| Add: Other income | 83,011.12 | 121,159.27 |
| Return on investment (“-” for loss) | 777,600.00 | 2,516,011.35 |
| Including: Share of profit or loss of joint ventures and associates | ||
| Income from the derecognition of financial assets at amortized cost (“-” for loss) | ||
| Exchange gain (“-” for loss) | ||
| Net gain on exposure hedges (“-” for loss) | ||
| Gain on changes in fair value (“-” for loss) | 13,964,637.73 | 4,987,562.50 |
| Credit impairment loss (“-” for loss) | 187.93 | 529,176.78 |
| Asset impairment loss (“-” for loss) | ||
| Asset disposal income (“-” for loss) | 195,840.20 | 0.00 |
| 3. Operating profit (“-” for loss) | 1,646,655.63 | -42,342,932.00 |
| Add: Non-operating income | 2,413,776.71 | 19,661.14 |
| Less: Non-operating expense | 32,090.13 | 52,212.63 |
| 4. Gross profit (“-” for loss) | 4,028,342.21 | -42,375,483.49 |
| Less: Income tax expense | -156,327.13 | -2,092,269.34 |
| 5. Net profit (“-” for net loss) | 4,184,669.34 | -40,283,214.15 |
| 5.1 By operating continuity | ||
| 5.1.1 Net profit from continuing operations (“-” for net loss) | 4,184,669.34 | -40,283,214.15 |
| 5.1.2 Net profit from discontinued operations (“-” for net loss) | ||
| 5.2 By ownership | ||
| 5.2.1 Net profit attributable to shareholders of the Company as the parent (“-” for net loss) | 5,018,645.08 | -36,431,405.81 |
| 5.2.2 Net profit attributable to non-controlling interests (“-” for net loss) | -833,975.74 | -3,851,808.34 |
| 6. Other comprehensive income, net of tax | 5,497,188.46 | -2,691,309.51 |
| Attributable to owners of the Company as the parent | 5,089,843.62 | -1,899,341.33 |
| 6.1 Items that will not be reclassified to profit or loss | 1,002,040.22 | -51,415.57 |
| 6.1.1 Changes caused by remeasurements on defined benefit schemes | ||
| 6.1.2 Other comprehensive income that will not be reclassified to profit or loss under the equity method | ||
| 6.1.3 Changes in the fair value of investments in other equity instruments | 1,002,040.22 | -51,415.57 |
| 6.1.4 Changes in the fair value arising from changes in own credit risk | ||
| 6.1.5 Other | ||
| 6.2 Items that will be reclassified to profit or loss | 4,087,803.40 | -1,847,925.76 |
| 6.2.1 Other comprehensive income that will be reclassified to profit or loss under the equity method | ||
| 6.2.2 Changes in the fair value of other debt investments | ||
| 6.2.3 Other comprehensive income arising from the reclassification of financial assets | ||
| 6.2.4 Credit impairment allowance for other debt investments | ||
| 6.2.5 Reserve for cash flow hedges | ||
| 6.2.6 Differences arising from the translation of foreign currency-denominated financial statements | 4,087,803.40 | -1,847,925.76 |
| 6.2.7 Other | ||
| Attributable to non-controlling interests | 407,344.84 | -791,968.18 |
| 7. Total comprehensive income | 9,681,857.80 | -42,974,523.66 |
| 7.1 Attributable to owners of the Company as the parent | 10,108,488.70 | -38,330,747.14 |
| 7.2 Attributable to non-controlling interests | -426,630.90 | -4,643,776.52 |
| 8. Earnings per share | ||
| 8.1 Basic earnings per share | 0.005 | -0.036 |
| 8.2 Diluted earnings per share | 0.005 | -0.036 |
Where business combinations under common control occurred in the current period, the net profit achieved by the acquirees beforethe combinations was RMB0.00, with the amount for the same period of last year being RMB0.00.Legal representative: Tang Xiaoping Chief Financial Officer: Wang Jianfei Head of the financial department: Zhou Hongpu
3. Consolidated Cash Flow Statement for Q1~Q3
Unit: RMB
| Item | Q1~Q3 2024 | Q1~Q3 2023 |
| 1. Cash flows from operating activities: | ||
| Proceeds from sale of commodities and rendering of services | 326,336,098.63 | 416,750,824.92 |
| Net increase in customer deposits and deposits from other banks and financial institutions | ||
| Net increase in borrowings from the |
| central bank | ||
| Net increase in loans from other financial institutions | ||
| Premiums received on original insurance contracts | ||
| Net proceeds from reinsurance | ||
| Net increase in deposits and investments of policy holders | ||
| Interest, fees and commissions received | ||
| Net increase in loans from other banks and financial institutions | ||
| Net increase in proceeds from repurchase transactions | ||
| Net proceeds from acting trading of securities | ||
| Tax and levy rebates | 2,098,014.38 | 1,186,861.59 |
| Cash generated from other operating activities | 53,676,909.83 | 29,129,487.96 |
| Subtotal of cash generated from operating activities | 382,111,022.84 | 447,067,174.47 |
| Payments for commodities and services | 280,592,715.45 | 123,719,069.83 |
| Net increase in loans and advances to customers | ||
| Net increase in deposits in the central bank and other banks and financial institutions | ||
| Payments for claims on original insurance contracts | ||
| Net increase in loans to other banks and financial institutions | ||
| Interest, fees and commissions paid | ||
| Policy dividends paid | ||
| Cash paid to and for employees | 52,653,455.05 | 53,087,639.58 |
| Taxes and levies paid | 97,068,843.94 | 201,016,409.51 |
| Cash used in other operating activities | 89,448,043.11 | 132,577,463.14 |
| Subtotal of cash used in operating activities | 519,763,057.55 | 510,400,582.06 |
| Net cash generated from/used in operating activities | -137,652,034.71 | -63,333,407.59 |
| 2. Cash flows from investing activities: | ||
| Proceeds from disinvestment | ||
| Return on investment | 777,600.00 | 2,354,519.56 |
| Net proceeds from the disposal of fixed assets, intangible assets and other long-lived assets | 3,537.60 | |
| Net proceeds from the disposal of subsidiaries and other business units | ||
| Cash generated from other investing activities | 136,800,000.00 | |
| Subtotal of cash generated from | 777,600.00 | 139,158,057.16 |
| investing activities | ||
| Payments for the acquisition of fixed assets, intangible assets and other long-lived assets | 73,853.52 | 599,579.46 |
| Payments for investments | ||
| Net increase in pledged loans granted | ||
| Net payments for the acquisition of subsidiaries and other business units | ||
| Cash used in other investing activities | 40,000,000.00 | |
| Subtotal of cash used in investing activities | 40,073,853.52 | 599,579.46 |
| Net cash generated from/used in investing activities | -39,296,253.52 | 138,558,477.70 |
| 3. Cash flows from financing activities: | ||
| Capital contributions received | ||
| Including: Capital contributions by non-controlling interests to subsidiaries | ||
| Borrowings received | 155,986,610.82 | |
| Cash generated from other financing activities | ||
| Subtotal of cash generated from financing activities | 155,986,610.82 | |
| Repayment of borrowings | 100,376,586.60 | |
| Interest and dividends paid | 4,606,753.86 | 65,137,494.78 |
| Including: Dividends paid by subsidiaries to non-controlling interests | ||
| Cash used in other financing activities | ||
| Subtotal of cash used in financing activities | 104,983,340.46 | 65,137,494.78 |
| Net cash generated from/used in financing activities | -104,983,340.46 | 90,849,116.04 |
| 4. Effect of foreign exchange rates changes on cash and cash equivalents | -84,495.03 | 154,319.59 |
| 5. Net increase in cash and cash equivalents | -282,016,123.72 | 166,228,505.74 |
| Add: Cash and cash equivalents, beginning of the period | 859,146,413.35 | 190,365,069.48 |
| 6. Cash and cash equivalents, end of the period | 577,130,289.63 | 356,593,575.22 |
(II) Adjustments to Financial Statement Items at the Beginning of the Year of the First Implementation ofthe New Accounting Standards Implemented since 2024
□Applicable ? Not applicable
(III) Independent Auditor’s ReportIndicate by tick mark whether the financial statements above have been audited by an independent auditor.
□Yes ? No
These financial statements have not been audited by such an auditor.
Board of DirectorsShenZhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
31 October 2024