ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2021
Stock Code: 000011 200011 Stock Name: PRD PRD-B Announcement No. 2021-41
SHENZHEN PROPERTIES & RESOURCES DEVELOPMENT (GROUP)
LTD.THIRD QUARTERLY REPORT 2021
ShenZhen Properties & Resources Development (Group) Ltd. (hereinafter referred to as
the “Company”) and all the members of the Company’s Board of Directors hereby
guarantee that the contents of this Report are true accurate and complete 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 senior management of the Company
hereby guarantee that the contents of this Report are true accurate and complete and free of any misrepresentations misleading
statements or material omissions and collectively and individually accept legal responsibility for such contents.
2. The Company’s legal representative head of financial affairs and head of the 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 Indicators
Indicate whether there is any retrospectively restated datum in the table below.□ Yes √ No
Q3 2021 YoY change (%) Q1-Q3 2021 YoY change (%)
Operating revenue (RMB) 640625548.94 92.60% 3181490688.19 81.42%
Net profit attributable to the
listed company’s shareholders 98290796.67 602.63% 774666320.42 302.61%
(RMB)
Net profit attributable to the
listed company’s shareholders
97412536.02596.54%767271027.23303.42%
before exceptional gains and
losses (RMB)
Net cash generated from/used in
————-543010578.00-19.93%
operating activities (RMB)
Basic earnings per share
0.1649602.74%1.2998302.54%
(RMB/share)
Diluted earnings per share
0.1649602.74%1.2998302.54%
(RMB/share)
Weighted average return on
2.34%2.96%19.47%13.75%
equity (%)
30 September 2021 31 December 2020 Change (%)
Total assets (RMB) 13943431527.25 12207356912.54 14.22%
Equity attributable to the listed
4257833837.263727917440.0314.21%
company’s shareholders (RMB)
1ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2021
(II) Exceptional Gains and Losses
√ Applicable □ Not applicable
Unit: RMB
Item Q3 2021 Q1-Q3 2021 Note
Gain or loss on disposal of non-current assets Scrapping disposal of
-10950.00-25398.90
(inclusive of impairment allowance write-offs) miscellaneous assets
Subsidy of substituting
Government grants through profit or loss
vocational training with
(exclusive of government grants continuously
working and subsidy for
given in the Company’s ordinary course of 124374.48 350456.49
stabilizing posts
business at fixed quotas or amounts as per the
received from
government’s policies and standards)
government
Payment of
Gain/Loss incurred from contingency unrelated to
0.00 -114571.79 lawsuit-related
the Company’s normal operating businesses.compensation
Non-operating income and expense other than the Demolition
974984.029036208.35
above compensation received
Less: Income tax effects 209961.85 2046501.38
Non-controlling interests effects (net of tax) 186.00 -195100.42
Total 878260.65 7395293.19 --
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 Announcement No.
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 why
√ Applicable □ Not applicable
1. Accounts receivable stood at RMB280305194.87 as at 30 September 2021 up 49.34% compared to 31 December 2020 primarily
driven by an increase in property management revenue.
2. Prepayments stood at RMB81332572.95 as at 30 September 2021 up 60.92% compared to 31 December 2020 primarily driven
by an increase in prepayments for engineering services.
3. Inventories stood at RMB7491518350.13 as at 30 September 2021 up 41.02% compared to 31 December 2020 primarily driven
by an increase in land bank.
4. Long-term prepaid expense stood at RMB18613574.71 as at 30 September 2021 up 56.91% compared to 31 December 2020
primarily driven by an increase in decoration expenditures.
5. Deferred income tax assets stood at RMB1313347404.44 as at 30 September 2021 up 38.15% compared to 31 December 2020
primarily driven by an increase in provision for land value-added tax.
6. Other non-current assets stood at RMB3090363.35 as at 30 September 2021 up 97.58% compared to 31 December 2020
primarily driven by an increase in expenditures on the construction and acquisition of long-lived assets.
7. Advances from customers stood at RMB1060418 as at 30 September 2021 up 124.06% compared to 31 December 2020
primarily driven by an increase in rents received.
8. Contract liabilities stood at RMB1369958701.35 as at 30 September 2021 up 105.42% compared to 31 December 2020
primarily driven by an increase in advances received in the pre-sale of residential units.
9. Current portion of non-current liabilities stood at RMB67002418.06 as at 30 September 2021 up 82.45% compared to 31
December 2020 primarily driven by an increase in bank loans due within one year.
2ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2021
10. Other current liabilities stood at RMB77860950.08 as at 30 September 2021 up 79.59% compared to 31 December 2020
primarily driven by an increase in differences between prices and taxable amounts with respect to contract liabilities.
11. Provisions stood at RMB1413049.50 as at 30 September 2021 down 41.05% compared to 31 December 2020 primarily driven
by payment according to court judgment.
12. Operating revenue stood at RMB3181490688.19 during Q1~Q3 2021 up 81.42% compared to Q1~Q3 2020 primarily driven
by an increase in carryforwards of revenue from real estate projects.
13. Taxes and levies stood at RMB935246313.19 during Q1~Q3 2021 up 126.55% compared to Q1~Q3 2020 primarily driven by
an increase in provision for land value-added tax.
14. Selling expense stood at RMB38619575.61 during Q1~Q3 2021 up 68.33% compared to Q1~Q3 2020 primarily driven by an
increase in sales promotion and agent expense.
15. Interest expense stood at RMB54703527.86 during Q1~Q3 2021 down 59.26% compared to Q1~Q3 2020 primarily driven by
an increase in capitalized interest.
16. Asset impairment losses stood at RMB14735.82 during Q1~Q3 2021 up 703.96% compared to Q1~Q3 2020 primarily driven
by a decrease in inventory valuation allowances.
17. Credit impairment losses stood at RMB-6885600.31 during Q1~Q3 2021 down 691.91% compared to Q1~Q3 2020 primarily
driven by a decrease in allowances for doubtful accounts.
18. Return on investment stood at RMB4070956.16 during Q1~Q3 2021 up 2008.54% compared to Q1~Q3 2020 primarily driven
by an increase in net profits of joint ventures.
19. Non-operating income stood at RMB11820776.71 during Q1~Q3 2021 up 141.02% compared to Q1~Q3 2020 primarily
driven by an increase in property demolition compensation income.
20. Income tax expense stood at RMB216928658.27 during Q1~Q3 2021 up 133.91% compared to Q1~Q3 2020 primarily driven
by an increase in gross profit.
21. Gain on fair value changes of investments in other equity instruments stood at RMB155048.91 during Q1~Q3 2021 up 127.25%
compared to Q1~Q3 2020 primarily driven by fair value changes.
22. Net cash generated from/used in operating activities stood at RMB-543010578 during Q1~Q3 2021 representing a decrease of
RMB90243620.82 compared to RMB-452766957.18 during Q1~Q3 2020 primarily driven by the payment for land and an
increase in property sales payments collected.
23. Net cash generated from/used in investing activities stood at RMB-16727397.68 during Q1~Q3 2021 representing an increase
of RMB477472399.59 compared to RMB-494199797.27 during Q1~Q3 2020 primarily driven by the payment for the acquisition
of interest in other company in the same period of last year.
24. Net cash generated from/used in financing activities stood at RMB-386860067.44 during Q1~Q3 2021 representing a decrease
of RMB2204396442.64 compared to RMB1817536375.20 during Q1~Q3 2020 primarily driven by additional bank loan in the
same period of last year.II Shareholder Information
(I) Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as well
as Holdings of Top 10 Shareholders
Unit: share
Number of preferred
Number of ordinary shareholders at the shareholders with
463510
period-end resumed voting rights at
the period-end (if any)
Top 10 shareholders
Nature of Shareholdin Total shares Restricted Shares in pledge marked
Name of shareholder
shareholder g held shares held or frozen
3ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2021
percentage Status Shares
Shenzhen Investment State-owned
50.57%3014146373326
Holdings Corporation corporation
Shenzhen State-Owned Domestic
Equity Operation and non-state-owned 6.38% 38037890 0
Management Co. Ltd. legal person
China Orient Asset State-owned
3.90%232364000
Management Co. Ltd. legal person
Hong Kong Securities Foreign legal
0.99%59061240
Clearing Company Ltd. person
Domestic natural
Duan Shaoteng 0.29% 1755565 0
person
Shenzhen Duty-Free Domestic
Commodity Enterprises non-state-owned 0.29% 1730300 1730300
Co. Ltd. legal person
Domestic natural
Yang Yaochu 0.25% 1500384 0
person
Domestic natural
Mai Furong 0.19% 1103096 0
person
Domestic natural
Su Weipeng 0.17% 1020300 0
person
Domestic natural
He Simo 0.17% 1011750 0
person
Top 10 unrestricted shareholders
Shares by class
Name of shareholder Unrestricted shares held
Class Shares
RMB-denominated
Shenzhen Investment Holdings Corporation 301411311 301411311
ordinary stock
Shenzhen State-Owned Equity Operation and RMB-denominated
3803789038037890
Management Co. Ltd. ordinary stock
RMB-denominated
China Orient Asset Management Co. Ltd. 23236400 23236400
ordinary stock
RMB-denominated
Hong Kong Securities Clearing Company Ltd. 5906124 5906124
ordinary stock
RMB-denominated
Duan Shaoteng 1755565 1755565
ordinary stock
Domestically listed
Yang Yaochu 1500384 1500384
foreign stock
Domestically listed
Mai Furong 1103096 1103096
foreign stock
RMB-denominated
Su Weipeng 1020300 1020300
ordinary stock
Domestically listed
He Simo 1011750 1011750
foreign stock
RMB-denominated
Chen Yutang 800000 800000
ordinary stock
The first largest shareholder Shenzhen Investment Holding Corporation is
the actual controlling shareholder of the Company and Shenzhen
Related or acting-in-concert parties among the
State-Owned Equity Operation and Management Co. Ltd. And the Company
shareholders above
does not know whether there are related parties or acting-in-concert parties
among the other 8 shareholders.Top 10 ordinary shareholders involved in
N/A
securities margin trading (if any)
4ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2021
(II) Number of Preference Shareholders and Shareholdings of Top 10 of Them
□ Applicable √ Not applicable
III Other Significant Events
√ Applicable □ Not applicable
1. During the Reporting Period Shenzhen SZPRD Urban Renewal Co. Ltd. the Company’s wholly-owned subsidiary won the bid
for the use right of the No. 2021WR023 land for construction in Humen Town of Dongguan City with RMB2070606666 in the
online listing and transfer of the use right of the state-owned land for construction held by Dongguan City Public Resources Trading
on 28 August 2021. For more details see the Announcement on Wholly-Owned Subsidiary Becoming Selected Winner of Bid for
Land Use Right (Announcement No. 2021-26) disclosed by the Company on 27 August 2021 and the Announcement on
Wholly-Owned Subsidiary Becoming Winner of Bid for Land Use Right (Announcement No. 2021-27) disclosed by the Company on
3 September 2021.
2. During the Reporting Period the Company received the Letter on Changing Commitment on Avoiding Horizontal Competition
from the controlling shareholder Shenzhen Investment Holdings Co. Ltd. which had been approved on the 25th Meeting of the 9th
Board of Directors and the 26th Meeting of the 9th Supervisory Committee held on 10 September 2021 as well as the 1st
Extraordinary General Meeting of 2021 by voting. For more details see the Announcement on Application of Controlling
Shareholder for Changing Commitment on Avoiding Horizontal Competition (Announcement No. 2021-32) and the Announcement
No. 2021-34 on Resolutions of the1st Extraordinary General Meeting of 2021 disclosed by the Company on 11 September 2021 and
28 September 2021 respectively.
IV Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by ShenZhen Properties & Resources Development (Group) Ltd.
30 September 2021
Unit: RMB
Item 30 September 2021 31 December 2020
Current assets:
Monetary assets 3237455455.40 4206266629.32
Settlement reserve
Loans to other banks and financial
institutions
Held-for-trading financial assets
Derivative financial assets
Notes receivable
Accounts receivable 280305194.87 187697631.47
Receivables financing
Prepayments 81332572.95 50543422.85
Premiums receivable
Reinsurance receivables
Receivable reinsurance contract
reserve
Other receivables 826262329.99 789050350.51
Including: Interest receivable
Dividends receivable
Financial assets purchased under
resale agreements
Inventories 7491518350.13 5312489258.20
Contract assets
5ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2021
Assets held for sale
Current portion of non-current
assets
Other current assets 55122942.93 48991965.92
Total current assets 11971996846.27 10595039258.27
Non-current assets:
Loans and advances to customers
Debt investments
Other debt investments
Long-term receivables
Long-term equity investments 49781176.95 45710220.79
Investments in other equity
1194011.361044905.12
instruments
Other non-current financial assets
Investment property 458208170.14 484738506.83
Fixed assets 107168499.23 116233936.04
Construction in progress
Productive living assets
Oil and gas assets
Right-of-use assets 11640096.44
Intangible assets 435544.07 482049.51
Development costs
Goodwill 7955840.29
Long-term prepaid expense 18613574.71 11862716.14
Deferred income tax assets 1313347404.44 950681245.50
Other non-current assets 3090363.35 1564074.34
Total non-current assets 1971434680.98 1612317654.27
Total assets 13943431527.25 12207356912.54
Current liabilities:
Short-term borrowings
Borrowings from the central bank
Loans from other banks and
financial institutions
Held-for-trading financial
liabilities
Derivative financial liabilities
Notes payable
Accounts payable 363097115.88 468269685.65
Advances from customers 1060418.00 473274.48
Contract liabilities 1369958701.35 666893629.72
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 148442697.63 177190197.36
Taxes and levies payable 2993796653.66 2487212979.37
6ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2021
Other payables 931830115.73 847142613.09
Including: Interest payable
Dividends payable 12202676.04 12202676.04
Fees and commissions payable
Reinsurance payables
Liabilities directly associated with
assets held for sale
Current portion of non-current
67002418.0636722824.88
liabilities
Other current liabilities 77860950.08 43354691.51
Total current liabilities 5953049070.39 4727259896.06
Non-current liabilities:
Insurance contract reserve
Long-term borrowings 3556900000.00 3587800000.00
Bonds payable
Including: Preference shares
Perpetual bonds
Lease liabilities 12010238.46
Long-term payables
Long-term employee benefits
payable
Provisions 1413049.50 2396947.00
Deferred income
Deferred income tax liabilities 262.20 262.20
Other non-current liabilities 109103765.34 108778327.45
Total non-current liabilities 3679427315.50 3698975536.65
Total liabilities 9632476385.89 8426235432.71
Owners’ equity:
Share capital 595979092.00 595979092.00
Other equity instruments
Including: Preference shares
Perpetual bonds
Capital reserves 80488045.38 80488045.38
Less: Treasury stock
Other comprehensive income -7148084.88 -6749589.41
Specific reserve
Surplus reserves 19205979.63 19205979.63
General reserve
Retained earnings 3569308805.13 3038993912.43
Total equity attributable to owners of
4257833837.263727917440.03
the Company as the parent
Non-controlling interests 53121304.10 53204039.80
Total owners’ equity 4310955141.36 3781121479.83
Total liabilities and owners’ equity 13943431527.25 12207356912.54
Legal representative: Liu Shengxiang Head of financial affairs: Cai Lili
Head of the financial department: Liu Qiang
7ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2021
2. Consolidated Income Statement for Q1~Q3
Unit: RMB
Item Q1~Q3 2021 Q1~Q3 2020
1. Revenues 3181490688.19 1753697717.30
Including: Operating revenue 3181490688.19 1753697717.30
Interest income
Insurance premium
income
Fee and commission
income
2. Costs and expenses 2211935483.11 1527399689.48
Including: Cost of sales 1084925841.75 873302042.71
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 935246313.19 412829423.52
Selling expense 38619575.61 22942832.34
Administrative expense 157577080.86 132861676.49
Development costs
Finance costs -4433328.30 85463714.42
Including: Interest
54703527.86134280009.60
expense
Interest
60783256.3348882862.25
income
Add: Other income 4384524.06 4850559.92
Return on investment (“-” for
4070956.16193069.98
loss)
Including: Share of profit or
4070956.16193069.98
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)
Credit impairment loss (“-” for
-6885600.311163290.17
loss)
Asset impairment loss (“-” for
14735.821832.91
loss)
Asset disposal income (“-” for
loss)
3. Operating profit (“-” for loss) 971139820.81 232506780.80
Add: Non-operating income 11820776.71 4904450.96
Less: Non-operating expense 2813222.58 3180142.69
8ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2021
4. Gross profit (“-” for loss) 980147374.94 234231089.07
Less: Income tax expense 216928658.27 92741690.38
5. Net profit (“-” for net loss) 763218716.67 141489398.69
5.1 By operating continuity
5.1.1 Net profit from continuing
763218716.67141489398.69
operations (“-” for net loss)
5.1.2 Net profit from discontinued
operations (“-” for net loss)
5.2 By ownership
5.2.1 Net profit attributable to
774666320.42192412552.18
owners of the Company as the parent
5.2.2 Net profit attributable to
-11447603.75-50923153.49
non-controlling interests
6. Other comprehensive income net of
-398495.472562432.70
tax
Attributable to owners of the
-398495.472562432.70
Company as the parent
6.1 Items that will not be
155048.91-569080.59
reclassified to profit or loss
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 155048.91 -569080.59
instruments
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
-553544.383131513.29
to profit or loss
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
-553544.383131513.29
currency-denominated financial
statements
6.2.7 Other
Attributable to non-controlling
interests
7. Total comprehensive income 762820221.20 144051831.39
Attributable to owners of the
774267824.95194974984.88
Company as the parent
Attributable to non-controlling
-11447603.75-50923153.49
interests
8. Earnings per share
8.1 Basic earnings per share 1.2998 0.3229
8.2 Diluted earnings per share 1.2998 0.3229
9ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2021
Where business combinations under common control occurred in the current period the net profit achieved by the acquirees before
the combinations was RMB0 with the amount for the same period of last year being RMB0.Legal representative: Liu Shengxiang Head of financial affairs: Cai Lili
Head of the financial department: Liu Qiang
3. Consolidated Cash Flow Statement for Q1~Q3
Unit: RMB
Item Q1~Q3 2021 Q1~Q3 2020
1. Cash flows from operating
activities:
Proceeds from sale of commodities
4042420125.092899288769.77
and rendering of services
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 27939475.62 12858739.05
Cash generated from other
203438724.30418683926.79
operating activities
Subtotal of cash generated from
4273798325.013330831435.61
operating activities
Payments for commodities and
2887214350.831128024166.75
services
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 531706928.53 472672344.40
Taxes and levies paid 1263721854.47 2012684115.79
Cash used in other operating
134165769.18170217765.85
activities
Subtotal of cash used in operating
4816808903.013783598392.79
activities
Net cash generated from/used in -543010578.00 -452766957.18
10ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2021
operating activities
2. Cash flows from investing
activities:
Proceeds from disinvestment
Return on investment
Net proceeds from the disposal of
fixed assets intangible assets and 26112.57 4608.08
other long-lived assets
Net proceeds from the disposal of
subsidiaries and other business units
Cash generated from other
investing activities
Subtotal of cash generated from
26112.574608.08
investing activities
Payments for the acquisition of
fixed assets intangible assets and 14930846.83 28396835.53
other long-lived assets
Payments for investments
Net increase in pledged loans
granted
Net payments for the acquisition of
1822663.42465807569.82
subsidiaries and other business units
Cash used in other investing
activities
Subtotal of cash used in investing
16753510.25494204405.35
activities
Net cash generated from/used in
-16727397.68-494199797.27
investing activities
3. Cash flows from financing
activities:
Capital contributions received 140000.00 840000.00
Including: Capital contributions
by non-controlling interests to 140000.00 840000.00
subsidiaries
Borrowings received 2172000000.00
Cash generated from other
financing activities
Subtotal of cash generated from
140000.002172840000.00
financing activities
Repayment of borrowings 100000.00 1033000.00
Interest and dividends paid 386900067.44 354270624.80
Including: Dividends paid by
subsidiaries to non-controlling
interests
Cash used in other financing
activities
Subtotal of cash used in financing
387000067.44355303624.80
activities
Net cash generated from/used in
-386860067.441817536375.20
financing activities
4. Effect of foreign exchange rates
-526623.85-1054883.75
changes on cash and cash equivalents
5. Net increase in cash and cash
-947124666.97869514737.00
equivalents
Add: Cash and cash equivalents
4168154911.833285345233.47
beginning of the period
6. Cash and cash equivalents end of
3221030244.864154859970.47
the period
11ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2021
(II) Adjustments to the Financial Statements
1. Adjustments to the Financial Statements at the Beginning of the First Execution Year of the New
Standards Governing Leases from 2021
√ Applicable □ Not applicable
Whether the Company needs to adjust items in the balance sheet at the beginning of the year
√ Yes □ No
Consolidated Balance Sheet
Unit: RMB
Item 31 December 2020 1 January 2021 Adjusted
Current assets:
Monetary assets 4206266629.32 4206266629.32
Settlement reserve
Loans to other banks and
financial institutions
Held-for-trading
financial assets
Derivative financial
assets
Notes receivable
Accounts receivable 187697631.47 187697631.47
Receivables financing
Prepayments 50543422.85 50543422.85
Premiums receivable
Reinsurance receivables
Receivable reinsurance
contract reserve
Other receivables 789050350.51 789050350.51
Including: Interest
receivable
Dividends
receivable
Financial assets
purchased under resale
agreements
Inventories 5312489258.20 5312489258.20
Contract assets
Assets held for sale
Current portion of
non-current assets
Other current assets 48991965.92 48991965.92
Total current assets 10595039258.27 10595039258.27
Non-current assets:
Loans and advances to
customers
Debt investments
Other debt investments
Long-term receivables
Long-term equity
45710220.7945710220.79
investments
Investments in other
1044905.121044905.12
equity instruments
Other non-current
12ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2021
financial assets
Investment property 484738506.83 484738506.83
Fixed assets 116233936.04 116233936.04
Construction in progress
Productive living assets
Oil and gas assets
Right-of-use assets 14992421.49 14992421.49
Intangible assets 482049.51 482049.51
Development costs
Goodwill
Long-term prepaid
11862716.1411862716.14
expense
Deferred income tax
950681245.50950681245.50
assets
Other non-current assets 1564074.34 1564074.34
Total non-current assets 1612317654.27 1627310075.76 14992421.49
Total assets 12207356912.54 12222349334.03 14992421.49
Current liabilities:
Short-term borrowings
Borrowings from the
central bank
Loans from other banks
and financial institutions
Held-for-trading
financial liabilities
Derivative financial
liabilities
Notes payable
Accounts payable 468269685.65 468269685.65
Advances from
473274.48473274.48
customers
Contract liabilities 666893629.72 666893629.72
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
177190197.36177190197.36
payable
Taxes and levies payable 2487212979.37 2487212979.37
Other payables 847142613.09 847142613.09
Including: Interest
payable
Dividends
12202676.0412202676.04
payable
Fees and commissions
payable
Reinsurance payables
Liabilities directly
associated with assets held
for sale
13ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2021
Current portion of
36722824.8836722824.88
non-current liabilities
Other current liabilities 43354691.51 43354691.51
Total current liabilities 4727259896.06 4727259896.06
Non-current liabilities:
Insurance contract
reserve
Long-term borrowings 3587800000.00 3587800000.00
Bonds payable
Including: Preference
shares
Perpetual
bonds
Lease liabilities 14992421.49 14992421.49
Long-term payables
Long-term employee
benefits payable
Provisions 2396947.00 2396947.00
Deferred income
Deferred income tax
262.20262.20
liabilities
Other non-current
108778327.45108778327.45
liabilities
Total non-current liabilities 3698975536.65 3713967958.14 14992421.49
Total liabilities 8426235432.71 8441227854.20 14992421.49
Owners’ equity:
Share capital 595979092.00 595979092.00
Other equity instruments
Including: Preference
shares
Perpetual
bonds
Capital reserves 80488045.38 80488045.38
Less: Treasury stock
Other comprehensive
-6749589.41-6749589.41
income
Specific reserve
Surplus reserves 19205979.63 19205979.63
General reserve
Retained earnings 3038993912.43 3038993912.43
Total equity attributable to
owners of the Company as 3727917440.03 3727917440.03
the parent
Non-controlling interests 53204039.80 53204039.80
Total owners’ equity 3781121479.83 3781121479.83
Total liabilities and
12207356912.5412222349334.0314992421.49
owners’ equity
Notes to the adjustments
The Company has implemented the new IFRS 16 Leases since 1 January 2021 and according to the accumulated number of impacts
based on the execution of the new lease standard the Company will adjust the amount of relevant items in the financial statements at
the beginning of the first year of execution and will not adjust information for comparable periods. For operational leasing prior to
the date of initial adoption the Company will measure the lease liabilities according to the present value discounted at the
incremental borrowing rate on the date of initial adoption based on the remaining lease payments and make necessary adjustments to
the right-of-use assets at an amount equal to the lease liabilities.
14ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2021
2. Retrospective Restatement of Previous Comparative Data due to the First Execution of the New
Standards Governing Leases from 2021
□ Applicable √ Not applicable
(III) Independent Auditor’s Report
Indicate 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 Directors
Shenzhen Properties & Resources Development (Group) Ltd.
30 October 2021
15
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