深粮B定期财报：深粮B：2019年半年度报告（英文版）（更新后）

深圳市深粮控股股份有限公司2019年半年度报告全文SHENZHENCEREALSHOLDINGSCO.,LTD.SEMI-ANNUALREPORT2019August2019深圳市深粮控股股份有限公司2019年半年度报告全文2SectionI.ImportantNotice,ContentsandParaphraseBoardofDirectors,SupervisoryCommittee,alldirectors,supervisorsandseniorexecutivesofSHENZHENCEREALSHOLDINGSCO.,LTD.(hereinafterreferredtoastheCompany)herebyconfirmthattherearenoanyfictitiousstatements,misleadingstatements,orimportantomissionscarriedinthisreport,andshalltakeallresponsibilities,individualand/orjoint,forthereality,accuracyandcompletionofthewholecontents.ChairmanoftheCompanyZhuJunming,GeneralManagerHuXianghai,HeadofAccountingYeQingyunandHeadofAccountingInstitution(AccountingSupervisors)WenJieyuherebyconfirmthattheFinancialReportofSemi-AnnualReport2019isauthentic,accurateandcomplete.AllDirectorsareattendedtheBoardMeetingfordeliberationofthisReport.Concerningtheforward-lookingstatementswithfutureplanninginvolvedintheannualreport,theydonotconstituteasubstantialcommitmentforinvestors,SecuritiesTimes,ChinaSecuritiesJournal,HongKongCommercialDailyandJuchaoWebsite()arethemediaappointedbytheCompanyforinformationdisclosure,allinformationoftheCompanydisclosedintheabovementionedmediashouldprevail.Investorsareadvisedtoexercisecautionofinvestmentrisks.TheCompanyhasanalyzedtheriskfactorsthattheCompanymayexistandits深圳市深粮控股股份有限公司2019年半年度报告全文3countermeasuresinthereport,investorsareadvisedtopayattentiontoread“RisksandCountermeasures”inthereportofSectionIV-DiscussionandAnalysisoftheOperation.ThisreporthasbeenpreparedinChineseandEnglishversionrespectively.Intheeventofdifferenceininterpretationbetweenthetwoversions,Chinesereportshallprevail.TheCompanyplansnottodistributedcashdividend,bonusandnocapitalizingofcommonreserveseither.深圳市深粮控股股份有限公司2019年半年度报告全文4ContentsSectionI.ImportantNotice,ContentsandParaphrase.........................................2SectionII.CompanyProfileandMainFinancialIndexes.....................................6SectionIII.SummaryofCompanyBusiness........................................................11SectionIV.DiscussionandAnalysisoftheOperation..........................................16SectionV.ImportantEvents..................................................................................29SectionVI.ChangesinSharesandParticularsaboutShareholders...................40SectionVII.PreferredStock..................................................................................45SectionVIII.ParticularsaboutDirectors,SupervisorandSeniorExecutives...46SectionIX.CorporateBonds.................................................................................48SectionX.FinancialReport...................................................................................49SectionXI.DocumentsavailableforReference..................................................238深圳市深粮控股股份有限公司2019年半年度报告全文5ParaphraseItemsReferstoContentsSZCH/ListedCompany/theCompanyReferstoShenzhenCerealsHoldingsCo.,Ltd.SZCGReferstoShenzhenCerealsGroupCo.,LtdDoximiReferstoSZCGDoximiBusinessCo.,Ltd.FlourCompanyReferstoShenzhenFlourCo.,LtdSZCGQualityInspectionReferstoSZCGQualityInspectionCo.,Ltd.DongguanLogistics/SZCGDongguanLogisticsReferstoSZCGDongguanLogisticsCo.,Ltd.DongguanFoodIndustrialParkReferstoDongguanInternationalFoodIndustrialParkDevelopmentCo.,Ltd.WuyuanJuFangYongReferstoJuFangYongTeaIndustryCo.,Ltd.inWuyuanCountyShenbaoTechnologyCenterReferstoShenzhenShenbaoTechnologyCenterCo.,Ltd.FudeCapitalReferstoShenzhenFudeState-OwnedCapitalOperationCo.,Ltd.AgriculturalProductsReferstoShenzhenAgriculturalProductsCo.,LtdShenzhenSASACReferstoShenzhenMunicipalPeople’sGovernmentState-ownedAssetsSupervision&AdministrationCommissionCSRCReferstoChinaSecuritiesRegulationCommissionRMB/10thousandYuanReferstoCNY/tenthousandYuan深圳市深粮控股股份有限公司2019年半年度报告全文6SectionII.CompanyProfileandMainFinancialIndexesI.CompanyprofileShortformforshareSZCH,ShenliangBStockcode000019,200019ListingstockexchangeShenzhenStockExchangeChinesenameoftheCompany深圳市深粮控股股份有限公司Abbr.ofChinesenameoftheCompany(ifapplicable)深粮控股EnglishnameoftheCompany(ifapplicable)SHENZHENCEREALSHOLDINGSCO.,LTDLegalRepresentativeZhuJunmingII.Person/WaytocontactSecretaryoftheBoardRep.ofsecurityaffairsNameDuJianguoChenKaiyue,LiuMuyaContactadd.13/F,TowerA,WorldTradePlaza,No.9FuhongRd.,FutianDistrict,Shenzhen13/F,TowerA,WorldTradePlaza,No.9FuhongRd.,FutianDistrict,ShenzhenTel.0755-820275220755-82027522Fax.0755-837783110755-83778311E-maildujg@slkg1949.comchenky@slkg1949.com,liumy@slkg1949.comIII.Others1.WayofcontactWhetherregistrationsaddress,officesaddressandcodesaswellaswebsiteandemailoftheCompanychangedinreportingperiodornot√Applicable□NotapplicableCompanyRegistrationAddress8/F,TowerB,No.4Building,SoftwareIndustryBase,SouthDistrict,Science&TechnologyPark,XuefuRd.,YuehaiStreet,NanshanDistrict,ShenzhenPostalCodeofCompanyRegistrationAddress518057Company'sOfficeAddress13/F,TowerA,WorldTradePlaza,No.9FuhongRd.,FutianDistrict,ShenzhenPostalCodeoftheCompany'sOfficeAddress518033CompanyWebSiteCompanyE-mailszch@slkg1949.com深圳市深粮控股股份有限公司2019年半年度报告全文7Querydateoftheinterimnoticeondesignatedwebsite(ifapplicable)2019-04-27Searchindexoftheinterimnoticeondesignatedwebsite(ifapplicable)FoundmoreintheNoticeoftheChangeofCompany’sOfficeAddressandContactInformationreleasedonJuchaoWebsite()2.InformationdisclosureandpreparationplaceWhetherinformationdisclosureandpreparationplacechangedinreportingperiodornot□Applicable√NotapplicableThenewspaperappointedforinformationdisclosure,websiteforsemi-annualreportpublishappointedbyCSRCandpreparationplaceforsemi-annualreporthavenochangeinreportingperiod,foundmoredetailsinAnnualReport2018.3.OtherrelevantinformationWhetherotherrelevantinformationchangedduringthereportingperiod√Applicable□Notapplicable(1)OnFebruary18,2019,thecompanycompletedtheindustrialandcommercialregistrationproceduresforthechangesofcompanyname,businessscopeandregisteredcapital,andobtainedtheBusinessLicenserenewedbytheShenzhenMarketSupervisionAdministration.Thecompanynamewaschangedfrom“ShenzhenShenbaoIndustrialCo.,Ltd.”to“ShenzhenCerealsHoldingsCo.,Ltd.”;thebusinessscopenewlyaddedgrainandoilcirculationandgrainandoilreserveservicesbusinessessuchasgrainandoilreserves,grainandoiltrade,grainandoilprocessing,etc.basedontheoriginalmainbusinessoftheproduction,researchanddevelopmentandsalesoffoodrawmaterials(ingredients)mainlybasedondeepprocessingofteaandnaturalplants;theregisteredcapitalwaschangedfrom“RMB496,782,303”to“RMB1,152,535,254”.Fordetails,pleaserefertothe“AnnouncementoftheCompanyonCompletionofIndustrialandCommercialRegistrationfortheChangesofCompanyName,BusinessScopeandRegisteredCapital”disclosedononFebruary20,2019.(2)AppliedbythecompanyandapprovedbytheShenzhenStockExchange,thecompany'ssecuritiesshortnamehasbeenchangedfrom“ShenshenbaoA,ShenshenbaoB”to“SZCH,ShenliangB”sinceFebruary28,2019.Fordetails,pleaserefertothe“AnnouncementoftheCompanyonChangingtheSecuritiesShortName”disclosedononFebruary28,2019.IV.MainaccountingdataandfinancialindexesWhetherinformationdisclosureandpreparationplacechangedinreportingperiodornot√Yes□NoReasonsforretroactiveadjustmentorre-statementEnterprisecombinedunderthesamecontrolThePeriodSameperiodoflastyearChangesoverlast深圳市深粮控股股份有限公司2019年半年度报告全文8yearBeforeadjustmentAfteradjustmentAfteradjustmentOperatingrevenue(RMB)4,782,167,732.69136,721,215.404,434,688,646.827.84%NetprofitattributabletoshareholdersofthelistedCompany(RMB)203,168,850.61-18,246,639.07202,779,343.340.19%NetprofitattributabletoshareholdersofthelistedCompanyafterdeductingnon-recurringgainsandlosses(RMB)198,195,100.05-18,884,920.69-18,884,920.691,149.49%Netcashflowarisingfromoperatingactivities(RMB)-389,429,629.759,795,470.0752,861,245.30-836.70%Basicearningspershare(RMB/Share)0.1763-0.03670.17590.23%Dilutedearningspershare(RMB/Share)0.1763-0.03670.17590.23%WeightedaverageROE4.82%-1.95%5.06%-0.24%EndofthePeriodEndoflastyearChangesoverendoflastyearBeforeadjustmentAfteradjustmentAfteradjustmentTotalassets(RMB)6,432,513,092.251,040,484,135.206,468,951,793.87-0.56%NetassetsattributabletoshareholderoflistedCompany(RMB)4,260,480,115.67928,673,938.264,172,502,535.112.11%TotalsharecapitaloftheCompanyonthetradingdaypriortodisclosure:TotalsharecapitaloftheCompanyonthetradingdaypriortodisclosure(Share)1,152,535,254TotaldilutedEPScalculatedwiththelatestsharecapital(RMB/Share)0.1763V.DifferenceoftheaccountingdataunderaccountingrulesinandoutofChina1.Differenceofthenetprofitandnetassetsdisclosedinfinancialreport,underbothIAS(InternationalAccountingStandards)andChineseGAAP(GenerallyAcceptedAccountingPrinciples)√Applicable□NotapplicableInRMBNetprofitattributabletoshareholdersoflistedCompanyNetassetsattributabletoshareholdersoflistedCompanyCurrentperiodLastperiodPeriod-endPeriod-beginChineseGAAP203,168,850.61202,779,343.344,260,480,115.674,172,502,535.11ItemsandamountadjustedbyIASAdjustmentforotherpayablefundofstockmarket1,067,000.001,067,000.00深圳市深粮控股股份有限公司2019年半年度报告全文9regulationIAS203,168,850.61202,779,343.344,261,547,115.674,173,569,535.112.Differenceofthenetprofitandnetassetsdisclosedinfinancialreport,underbothforeignaccountingrulesandChineseGAAP(GenerallyAcceptedAccountingPrinciples)□Applicable√NotapplicableTheCompanyhasnoabovementionedconditionoccurredintheperiod3.ExplanationondifferencesofthedataunderaccountingstandardsinandoutofChina□Applicable√NotapplicableVI.Itemsandamountsofextraordinaryprofit(gains)/loss√Applicable□NotapplicableInRMBItemAmountNoteGains/lossesfromthedisposalofnon-currentasset(includingthewrite-offthataccruedforimpairmentofassets)-4,184.59Governmentalsubsidyreckonedintocurrentgains/losses(notincludingthesubsidyenjoyedinquotaorrationaccordingtonationalstandards,whicharecloselyrelevanttoenterprise’sbusiness)5,463,876.60Profitandlossofassetsdelegationonothers’investmentormanagement3,627,466.27Gainsandlossesfromchangeoffairvaluesofheld-for-transactionfinancialassetsandfinancialliabilitiesexceptfortheeffectivehedgebusinessrelatedtonormalbusinessoftheCompany,andinvestmentincomefromdisposaloftradingfinancialassetsandliabilitiesandfinancialassetsavailableforsale28,381.21Switch-backofprovisionofimpairmentofaccountreceivableandcontractassetswhicharetreatedwithseparatedepreciationtest412,500.00Othernon-operatingincomeandexpenditureexceptfortheaforementioneditems-3,619,767.49Less:impactonincometax702,095.88Impactonminorityshareholders’equity(post-tax)232,425.56Total4,973,750.56--Concerningtheextraordinaryprofit(gain)/lossdefinedbyQ&AAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic---ExtraordinaryProfit/loss,andtheitemsdefinedasrecurringprofit(gain)/lossaccordingtothelistsofextraordinaryprofit(gain)/lossinQ&AAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic---ExtraordinaryProfit/loss,explainreasons□Applicable√NotapplicableInreportingperiod,theCompanyhasnoparticularaboutitemsdefinedasrecurringprofit(gain)/lossaccordingtothelistsof深圳市深粮控股股份有限公司2019年半年度报告全文10extraordinaryprofit(gain)/lossinQ&AAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic---ExtraordinaryProfit/loss深圳市深粮控股股份有限公司2019年半年度报告全文11SectionIII.SummaryofCompanyBusinessI.MainbusinessesoftheCompanyinthereportingperiodDoestheCompanyneedtocomplywithdisclosurerequirementsofthespecialindustryNoDuringthereportingperiod,thecompanyacceleratedtheserviceconvergenceandsynergeticdevelopment,themainbusinessincludesthecirculationandservicebusinessofgrainandoilreserves,tradeandprocessing,andtheproduction,researchanddevelopmentandsalesoffoodrawmaterials(ingredients)mainlybasedondeepprocessingofteaandnaturalplants.Thegrainandoiltradebusinessaremainlyrice,wheat,riceinthehusk,corn,sorghum,cookingoilandothervarietiesofgrainandoil.Accordingtothemarketconditionsandtheneedsofupstreamanddownstreamenterprises,theabove-mentionedgrainandoilproductspurchasedareindependentlytraded.Thewheat,riceinthehusk,corn,barleyandsorghuminthetradeproductsaretheunprocessedgrain,whicharemainlyusedforthefurtherprocessingoffoodandfeedforprovidingrawmaterialdistributionservicetocustomerssuchaslargetraders,feedandflourprocessingenterprisesintheindustry;rice,flourandedibleoilarethefinishedgrainandoil,ofwhichthemainconsumergroupsareinstitutions,organizations,enterprisesandpublicinstitutions,fooddeepprocessingenterprisesandcommunityresidents.Thegrainandoilprocessingbusinessaremainlytheprocessingandsaleofflour,rice,cookingoilandotherproducts.Thecompany'sflourbrandsandproductsinclude“Jinchangman”,“Yingshanhong”and“Hongli”seriesbreadflour;“Clivia”and“Canna”seriestailoredflourforcakesandsteamedbun;“Sunflower”high-glutentailoredflourandbiscuittailoredflour;“Feiyu”carameltreatstailoredflour;“Yuejixiang”mooncaketailoredflourandothervarioussmallpackagesofflour.Riceproductsinclude“ShenliangDuoxi”,“Guzhixiang”,“Jinjiaxi”,“Runxiangliangpin”,“Hexiang”,“ShenliangYushuiqing”,etc.Cookingoilproductsincludebrandssuchas“ShenliangDuoxi”,“ShenliangFuxi”,“Hongli”and“ShenliangYushuiqing”,etc.ShenliangDuoxiChangxiangdaoDaohuaxiangRicewasselectedasthefirstbatchof“ChinaGoodGrainandOil”productsoftheNationalGrainAdministration,anditwastheonlyselectedproductinGuangdongProvince.The"Shenliangfish-waterfriendship"hasformedaseriesofrice,noodles,oil,miscellaneousandspecialmilitarysuppliesandmilitarycivilianbrands.ThegrainandoilreserveservicebusinessmainlyprovidedynamicgrainandoilreserveservicestolocalgovernmentsinShenzhen,andprovideslocalgovernmentswithmarket-orientedservicessuchasgrainandoilreserves,testing,androtationintheformofbusinessholdings.Withtheadvantagesofbrand,reputation,experience,management,service,facilitiesandinformationsystemaccumulatedinthegrainandoilmarket,weindependentlyorganizeandimplementtheprocurement,storage,rotation,salesandotheractivitiesofthelocalgovernmentreservesofgrainandoil,andensurethequality,quantityandsafetyandotheraspectsofgrainandoilreservesarein深圳市深粮控股股份有限公司2019年半年度报告全文12linewiththerequirementsofthereservegrainandoiladministrativeauthoritiesoflocalgovernments,providinglocalgovernmentswithhigh-qualitydynamicgrainandoilreserveservicestoassistlocalfoodsecurity.Thecompanyprovidesgrainandoilcirculationservicessuchaswarehousingandlogistics,terminalloadingandunloading,andqualityinspectionforupstreamanddownstreamenterprisesintheindustrialchain.TheShenliangDongguanGrainLogisticsNodesProjectconstructionandoperationhasbeensteadilyadvanced,completedstorehousecapacityof320,000tons(including20,000tonsofgasfilmwarehouse)andputthe10000-tonwharfberthintoproduction,whichachievedthestoragetransfervolumereached1.2milliontons,andtheterminaltransfervolumewasmorethan400,000tons;atthesametime,theCDEsiloswith510,000tonsofwarehousecapacityunderconstruction,fooddeepprocessingprojects,theterminalphaseIandotherprojectsareprogressingsmoothly.Aftertheprojectiscompleted,itwillbecomeacomprehensivegraincirculationserviceproviderintegratingfivefunctionsincludinggrainandoilterminal,transferreserve,inspectionandprocessing,processingindustry,andmarkettransaction.ThesubordinateShenliangQualityInspectionhasmorethan100professionalequipments,hasobtainedthequalificationcertificateofqualityinspectionorganization,andwasawardedthe“GuangdongShenzhenNationalGrainQualityMonitoringStation”.Thereweremorethan4,000samplestestedduringthereportingperiod.Thecompanyalsoprovideslogisticsservicesandcoldchaindeliveryservicestoitscustomers.Theabove-mentionedintegratedservicesofgrainandoilsupplychainanddistributionisbecominganincreasinglyimportantbusinesssegmentofthecompany.Theteabusinessmainlycoversdeepprocessingoftea,salesoffinetea,tealifeexperience,foodandbeverage,andtechnologyresearchanddevelopment,etc.Themainproductsinclude“GoldenEagle”instantteapowder,teaconcentrateandotherseriesofteaproducts;“Jufangyong”,“Gutan”,“Fuhaitang”seriesofteaproducts;“Tri-Well”oystersauce,chickenessence,seafoodsauceandotherseriesofcondiments;“Shenbao”chrysanthemumtea,lemontea,herbalteaandotherseriesofdrinks.II.Majorchangesinmainassets1.MajorchangesinmainassetsMajorassetsNoteofmajorchangesEquityassetsNomajorChangeFixedassetsNomajorChangeIntangibleassetsNomajorChangeConstructioninprogressInvestmentfornodeprojectengineeringfromShenliangDongguanLogisticincreased2.Mainoverseasassets□Applicable√Notapplicable深圳市深粮控股股份有限公司2019年半年度报告全文13III.CoreCompetitivenessAnalysisDoestheCompanyneedtocomplywithdisclosurerequirementsofthespecialindustryNoDuringthereportingperiod,thecompanyextendedandexpandedthedevelopmentofgrainandteaindustrychain,deepenedcorporatereformsandstrengthenedthecorecompetitiveadvantagesofenterprisesbyoptimizingresourceintegration.ThecompanystimulatedthevitalityoftheenterprisethroughinnovativeimplementationofEVAperformanceappraisalmechanism,promotedthesustainabledevelopmentoftheenterprisethroughthegrainlogisticsnodeproject,promotedthereformofthegrainandoilreservemechanismbyadheringtothemarketizationdirection,andimprovesthemanagementefficiencybycontinuouslyleadingtheinformationconstructionofthedomesticgrainindustry,preventedbusinessrisksbyperfectingthemanagementandcontrolmode,andaccumulatedstrengthsinleapfrogdevelopmentspacebystrengtheningthecorporatecultureandtalentmanagement,andwehaveembarkedonasustainabledevelopmentpathoftraditionalenterpriseself-innovationandformedthecompany'suniquecompetitiveness.1.ManagementEfficiencyAdvantageThecoremanagementteamofthecompanyhasrichexperienceandstablestructure,andhasastrongstrategicvisionandpragmaticspirit.Ithasformedasetofeffectivesystemtopromotethehigh-qualitydevelopmentofthecompanybycombiningwiththecompany’sactualdevelopment.Thecompanyvigorouslypromotestheinnovationandtransformationofbusinessmodels,andactivelypromotesthetransitionfrom“trade-orientedenterprises”to“service-orientedenterprises”,andfrom“operationalmanagementandcontrol”to“strategicmanagementandcontrol”.Inthebusinessmanagementandcontrol,thecompanybuildsa“four-in-one”managementandcontrolmodelthatthe“businessoperationsandfundmanagement,inventorymanagement,andqualitymanagement”relativelyseparateandcheckandbalanceeachother,atthesametime,itstrengthensriskmanagement,budgetmanagement,planmanagement,contractmanagement,customermanagementandbrandmanagementandothermeasurestoeffectivelypreventoperationalrisks.Throughinnovativetalentmanagement,thecompanyhasestablishedanopentalentteamtomeetthelong-termdevelopmentofenterprises.ThecompanyhasinnovatedandimplementedtheEVA……