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神州长城(000018)公告正文

神州B:2017年半年度报告摘要(英文版)

公告日期:2017-08-12

                                                           Sino Great Wall Co., Ltd. Summary of the Semi-annual Report 2017



      Stock code: 000018,200018                  Stock ID : Sino Great Wall,Sino B                Announcement No. 2017-075




                Summary of 2017 Annual Report of Sino Great Wall Co., Ltd.

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.
Company Profile
Objections of the directors, supervisors and senior management
                  Name                                     Title                                         Content
Statement
Directors other than the following ones have attended the Board meeting to review the interim report.
      Name of absent director        Position of absent director               Reason                        Name of proxy
Non-standard auditor’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 will distribute no cash dividends or bonus shares and has no reserve capitalization plan.
The preference share profit distribution pre-plan approved by the Board of Directors
□ Applicable √Not applicable
II. Basic information about the company
1. Company profile
Stock ID                                 Sino Great Wall ,Sino-B      Stock code:                     000018      200018
Stock exchange                           Shenzhen Stock Exchange
  Contact person and contact manner                     Board secretary                      Securities affairs Representative
Name                                     Yang Chunling                                  Liu Guofa
                                         Sino Great Wall Building, No.3 Jinxiu Street, Sino Great Wall Building, No.3 Jinxiu Street,
Contact address                          Economic Technology Development Zone , Economic Technology Development Zone ,
                                         Beijing                                       Beijing
Tel                                      010-89045855                                   010-89045855
Email.                                   1208806865@qq.com                              000018sz@sina.com


2. Major accounting data and financial indicators
Does the company adjust retrospectively or restate accounting data of previous years due to change of the
accounting policy or correction of any accounting error?
□ Yes√ No
                                                   Reporting period         Same period of last year            YoY+/-(%)
Operating income(RMB)                                  3,025,082,356.80            1,953,574,755.51                        54.85%
Net profit attributable to the shareholders
                                                          268,606,450.03                202,299,416.64                       32.78%
of the listed company(RMB)
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of             264,902,836.16                175,937,165.15                       50.57%
listed company(RMB)



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                                                           Sino Great Wall Co., Ltd. Summary of the Semi-annual Report 2017



Cash flow generated by business operation,
                                                          -535,997,580.19              -1,256,615,959.20                 57.35%
net(RMB)
Basic earning per share(RMB/Share)                                      0.16                          0.12               33.33%
Diluted gains per
                                                                        0.16                          0.12               33.33%
share(RMB/Share)(RMB/Share)
Weighted average ROE(%)                                          14.39%                           14.47%                 -0.08%
                                                 As at the end of the
                                                                               As at the end of last year      YoY+/-(%)
                                                  reporting period
Gross assets (RMB)                                     9,516,720,434.55                 7,986,178,961.63                 19.16%
Net assets attributable to shareholders of
                                                       1,956,577,635.45                 1,777,948,117.49                 10.05%
the listed company (RMB)


3.Shareholders and shareholding

                                                                                                                        In Shares
                                                                      Number of shareholders of
Total Number of common
                                                                      preferred stocks of which
shareholders at the end of the                                 60,193                                                         0
                                                                      voting rights recovered in
reporting period
                                                                      the report period(If any)
                                               Shareholdings of Top 10 shareholders
                                                         Number of                                     Number or share
      Shareholders                            Proportion
                               Nature of                 shares held Amount of restricted shares        pledged/frozen
                                               of shares
                              shareholder                 at period
                                              held(%)              held                        State of share    Amount
                                                             -end
                          Domestic Natural
Chen Lue                                         34.36% 583,454,556                         581,722,696 Mortgage     455,260,594
                          person
STYLE-SUCCESS             Foreign legal
                                                  5.47%    92,970,910                                  0
LIMITED                   person
                          Domestic Non-
Union Holdings Co.,
                          State-owned legal       5.18%    87,935,921                                  0
 Ltd.
                          person
                          Domestic Natural
He Feiyan                                         3.23%    54,800,458                        54,800,458
                          person
Jiutai Fund-Bank of
Communications-
Jiutai Huitong No.2       Other                   2.50%    42,479,672                        42,479,672
specific customer asset
management plan
Rich Crown Investment Foreign legal
                                                  1.37%    23,235,313                                  0
Co., Ltd.             person
Bank of China-Fortis
Income Growth
                          Other                   1.12%    18,961,320                                  0
Securities Investment
Fund
                       Domestic Non-
Jiangxi Taihao Venture legal person
                                                  1.11%    18,791,879                                  0
Investment Centre(LP) State-owned legal
                       person
Qianhai life Insurance
                          Other                   1.04%    17,725,200                                  0
 Co., Ltd-Haley year
                          Domestic Non-
Qinghai Heyi Industry     legal person
                                                  0.79%    13,356,984                                  0
Development Co., Ltd.     State-owned legal
                          person
Explanation on associated relationship        Chen Lue and He Feiyan are consortium officers; Union Development Group Ltd. is
among the aforesaid shareholders              the controlling shareholder of the above-mentioned shareholder Shenzhen Union



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                                                     Sino Great Wall Co., Ltd. Summary of the Semi-annual Report 2017



                                        Holdings Ltd. and third shareholder Rich Crown Investment Co., Ltd. The other
                                        tradable shareholders neither knew whether there exists associated relationship
                                        between them.
Notes to the shareholders involved in
                                        Nil
financing securities (if any)


4.Changing of controlling shareholder and practical controller of the Company.

Change of holding shareholder
□ Applicable √ Not applicable
No change of holding shareholder in the report period.
Change of substantial controller
□ Applicable √ Not applicable
No change of substantial controller in the report 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 2017, along with the continuous implementation and further promotion of the three strategies of
the "One belt, one road" construction and the Integrated development of Beijing, Tianjin municipalities and Hebei
Province and The Yangtze River economic belt development, the infrastructure construction and the engineering
construction enjoys a relatively good development opportunity. The company actively seized the opportunity and
strongly expanded the overseas project contracting and investment business of "One belt, one road" projects,
increased the domestic healthcare and infrastructure PPP project investment, thus gained good results.

In terms of the overseas business development, the company has successively signed the major construction
contract with a number of countries and regions in Southeast Asia, signed Strategic Cooperation Framework
Agreement with China Nuclear Industry No. 22 Construction Co., Ltd, signed Memorandum of Understanding on
the Construction of Kampuchea Railway Network with Kampuchea Royal Group and China Railway 17 Bureau
Group Co Ltd, thus those would be conducive to expand the domestic and international engineering contracting
business and to enhance the company's competitive advantage and overall profitability. The overseas business
development maintained a good momentum of development. As of the end of the reporting period, the overseas
in-hand orders have amounted to more than RMB 40 billion.



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                                                   Sino Great Wall Co., Ltd. Summary of the Semi-annual Report 2017



In the field of medical investment, the company, by the means of PPP, won the PPP infrastructure project of
Fugou County high speed rail area, the comprehensive management (adjusted) PPP engineering project of Fugou
county urban section, the fitness center construction project (Phase II) ) of Fugou County, etc, with that the total
investment amounted to RMB 1.061 billion.

In the future, based on the study and judgment of the prospect and the status-quo analysis of the domestic and
international construction market and the health care industry and the infrastructure industry, the company will
continue to strengthen the overseas project contracting and investment related to "One belt, one road", enhance the
investment in domestic health-care and infrastructure PPP business, and ensure the rapid development of the
company's existing business.

Furthermore, in order to ensure the stable development of domestic business, the company responded to the
national call of establishment the Xiongan New Area. For supporting the construction of Xiongan New Area, the
company planned to put the registration addresses of the company's subordinate companies including the building
construction type company-Sino Great Wall International Engineering Co., Ltd and Sino Great Wall Southwest
Construction Engineering Co. Ltd into the Xiongan New Area. After the move of the registration addresses, the
company can better carry out the business in the region, which is in line with the company's overall development
strategy.
In the reporting period, the company realized operation income of RMB 3,025,082,356.80, an increase of 54.85%
from the last year; realized the operating profits of RMB 331,347,066.35, an increase of 55.52% from the last year;
and the net profit attributable to the parent company was RMB 268,606,450.03, an increase of 32.78% from the
last year.

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.
(2) Reason for retrospective restatement to correct major accounting errors during the reporting period
□ Applicable √ Not applicable
No such cases.
 (3) Reason for changes in scope of the consolidated financial statements as compared to the financial report for
the prior year
□ Applicable √   Not applicable
No such cases.




                                                                         Legal representative: Chen Lue

                                                                             Sino Great Wall Co., Ltd.

                                                                                  August 12,2017



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