CMON Limited — Interim / Quarterly Report 2016

Sep 23, 2016

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Interim Report 2016 中期報告

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Contents 目錄
Corporate Information
公司資料	2
Management Discussion and Analysis
管理層討論與分析	4
Interim Financial Information
中期財務資料
Condensed Consolidated Statement of Profit or Loss
簡明綜合損益表	9
Condensed Consolidated Statement of Comprehensive Income
簡明綜合全面收益表	10
Condensed Consolidated Statement of Financial Position
簡明綜合財務狀況表	11
Condensed Consolidated Statement of Changes in Equity
簡明綜合權益變動表	13
Condensed Consolidated Statement of Cash Flows
簡明綜合現金流量表	14
Notes to the Condensed Consolidated Financial Statements
簡明綜合財務報表附註	15
Other Information
其他資料	35
Glossary
專用詞彙	38

Corporate Information 公司資料

DIRECTORS

Executive Directors

Mr. Zhang Jing Ming, Chairman Mr. Deng Xiao Gang, Chief Executive Officer Mr. Huang Zhen Kun

Non-Executive Directors

Ms. Li Yu Xiang Mr. Yin Zong Chen

Independent Non-executive Directors

Mr. Chan Ming Sun Jonathan Mr. He Qing Jia Mr. Yu Guan Jian

AUDIT COMMITTEE

Mr. Chan Ming Sun Jonathan (Chairman) Mr. Yu Guan Jian Mr. Yin Zong Chen

REMUNERATION COMMITTEE

Mr. He Qing Jia (Chairman) Mr. Chan Ming Sun Jonathan Ms. Li Yu Xiang

NOMINATION COMMITTEE

Mr. Zhang Jing Ming (Chairman) Mr. He Qing Jia Mr. Yu Guan Jian

SUPERVISORS

Mr. Wang Xing Ye (Chairman) Mr. Chen Jun Feng Mr. Zhang Yun Feng Ms. Huang Yong Jing

Mr. Fang Wei Ran

董事

執行董事 張敬明先生，主席 鄧曉綱先生，行政總裁 黃鎮坤先生

非執行董事 李玉香女士 尹宗臣先生

獨立非執行董事 陳銘燊先生 何慶佳先生 余關健先生

審核委員會 陳銘燊先生（主席） 余關健先生 尹宗臣先生

薪酬委員會

何慶佳先生（主席） 陳銘燊先生 李玉香女士

提名委員會

張敬明先生（主席） 何慶佳先生 余關健先生

監事

王興業先生（主席） 陳俊峰先生 張運峰先生 黃永菁女士 方偉然先生

Interim Report 2016 Shenyang Public Utility Holdings Company Limited

2

Corporate Information 公司資料

JOINT COMPANY SECRETARIES

Mr. Wu Tai Cheung Ms. Qian Fang Fang

AUTHORISED REPRESENTATIVES

Mr. Zhang Jing Ming Mr. Wu Tai Cheung

AUDITOR

ZHONGLEI (HK) CPA Company Limited

REGISTERED OFFICE

No. 1–4, 20A, Central Street, Shenyang Economic and Technological Development Zone, People’s Republic of China

H SHARE REGISTRAR AND TRANSFER OFFICE

Hong Kong Registrars Limited Rooms 1712–16, 17th Floor Hopewell Centre 183 Queen’s Road East Wanchai Hong Kong

PRINCIPAL BANKERS

China Minsheng Bank China CITIC Bank Industrial and Commercial Bank of China China Construction Bank

STOCK CODE

747

WEBSITE

www.747kingma.com

聯席公司秘書

胡大祥先生 錢芳芳女士

授權代表 張敬明先生 胡大祥先生

核數師

中磊（香港）會計師事務所有限公司

註冊辦事處

中華人民共和國 瀋陽經濟技術開發區 中央大街20甲1–4號

H 股份過戶登記處

香港證券登記有限公司 香港 灣仔 皇后大道東183號 合和中心 17樓1712–16室

主要往來銀行

民生銀行 中信銀行 工商銀行 建設銀行

股份代號

747

網址

www.747kingma.com

2016中期報告 瀋陽公用發展股份有限公司 3

Management Discussion and Analysis 管理層討論與分析

FINANCIAL REVIEW

財務回顧

During the Period, the turnover of the Group amounted to approximately RMB18,903,000 (2015 Corresponding Period: RMB173,251,000), representing a very significant decrease in revenue comparing with that of the six months ended 30 June 2015. The substantial decrease in turnover is mainly due to the fact that the the remaining construction land of Zhongfang Chaozhou is still subject to acceptance of completion and transfer. Profit attributable to the owners of the Company amounted to approximately RMB8,851,000 (2015 Corresponding Period: RMB1,136,000). Earnings per share was approximately RMB0.0061 (2015 Corresponding Period: RMB0.0011).

於本期，本集團實現營業額約為人民 幣 18,903,000 元（ 2015 年同期：人民幣 173,251,000元），比較截至2015年6月30日 止6個月收入有相當大幅之減少；營業額大 幅減少主要是由於中房潮州餘下建設用地未 進行驗收交付工作所致。本公司擁有人應佔 溢利約為人民幣8,851,000元（2015年同期： 人民幣1,136,000元），每股盈利約為人民幣 0.0061元（2015年同期：人民幣0.0011元）。

BUSINESS REVIEW

業務回顧

Infrastructure Construction Business

As at the date of this report, Zhongfang Chaozhou substantially completed the Zhongfang Chaozhou Jing Nan Industrial Park Project. During the Period, Chaozhou Jinshan has suspended the acceptance of completion and transfer of construction land after negotiation between the parties.

基礎設施建設業務

截至本報告日期，中房潮州大致上完成了中 房潮州徑南工業園項目。本期，經雙方商 議，潮州金山暫不進行建設用地的驗收交付。

The acceptance of completion and transfer of the remaining construction land will continue to proceed subsequent to the Period. The Board is in negotiation with Chaozhou Jinshan to accelerate the acceptance of completion and transfer of remaining construction land.

餘下建設用地的驗收交付工作計劃於期後繼 續進行。董事會正與潮州金山洽商加快確認 對餘下建設用地的驗收交付工作。

Credit Business

Following the completion of capital contribution of Chung Hwa Finance during the Period, the Group continued to expand the credit business in Hong Kong. Chung Hwa Finance, a licensed money lender in Hong Kong, has recorded revenue of approximately RMB18,903,000 (2015 Corresponding Period: RMB4,851,000) for the Period.

信貸業務

繼本期完成向中華信貸注資後，本集團不斷 擴大香港的信貸業務。香港持牌放債人中華 信貸於本期確認收入約人民幣18,903,000元 （2015年同期：4,851,000元）。

Interim Report 2016 Shenyang Public Utility Holdings Company Limited

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Management Discussion and Analysis 管理層討論與分析

Held for Trading Investments

Same as previous years, the Group invested surplus fund in securities listed in Hong Kong. At 30 June 2016, market value of Hong Kong listed securities amounted to RMB79,000 (2015 Corresponding Period: RMB14,637,000) in aggregate, and a loss of approximately RMB31,000 (2015 Corresponding Period: RMB10,545,000) arising from the fair value change on held for trading investment was incurred. In addition, the loss incurred from the disposal of held for trading investments of the Group was RMB1,005,000 (2015 Corresponding Period: nil).

Acquisition and investments made after the Period

The Group has not made any acquisitions and equity investment after the Period.

Business Prospects

The Group will continue to implement the existing strategies by focusing on the infrastructure construction business, and developing the credit business in Hong Kong. The Board expects that, with the gradual completion of acceptance of completion and transfer of Zhongfang Chaozhou Jing Nan Industrial Park Project and the gradual recovery of receivables, the Group will have sufficient liquidity. At the same time, the Group will continue to develop the existing finance and credit businesses and actively seek to participate in the projects conducive to the long-term development of the Group.

ENLARGING SHARE CAPITAL

During the Period, the Company has completed the issuance of H-Shares and Domestic Shares as follow:

H-Shares

On 11 February 2016, the Company completed the placing of 100,896,000 H-Shares at the price of HK$1.19 (approximately RMB1.00) per share under the General Mandate 2015 and raised net proceeds of approximately HK$117.64 million. The net proceeds were used for credit business in Hong Kong and working capital of the Group. Details of the placing of 100,896,000 H-Shares are set out in the announcements of the Company dated 19 January 2016 and 11 February 2016.

持作買賣投資

與以往數年相同，本集團以盈餘資金投資於 香港上市的證券。於2016年6月30日，香港 上市證券市值為人民幣79,000元（2015年同 期：人民幣14,637,000元），而因持作買賣 投資的公允價值變動產生的虧損約為人民幣 31,000元（2015年同期：人民幣10,545,000 元）。此外，本集團就出售持作買賣投資產生 虧損人民幣1,005,000元（2015年同期：無）。

本期後作出之收購及投資

本集團於本期後並無任何收購及股本投資。

業務展望

本集團將繼續貫徹既有策略，注重基礎設施 建設業務，同時積極發展香港地區信貸業 務。董事會預期，隨著潮州徑南工業園項目 的完工交付驗收逐步完成，以及款項的逐步 回收，本集團將擁有充足的流動資金。本集 團將繼續發展現有金融信貸業務，同時積極 尋求其他有利於本集團長期發展的項目。

擴大股本

於本期，本公司完成發行H股及內資股如下：

H 股

於2016年2月11日，本公司完成根據2015年 一般授權按每股1.19港元（約人民幣1.00元） 的價格配售100,896,000股H股，集資所得款 項淨額約港幣117,640,000元。所得款項淨 額用作香港信貸業務及補充本集團之流動資 金。有關配售 100,896,000 股 H 股的詳情， 請參閱本公司日期分別為2016年1月19日及 2016年2月11日的公告。

2016中期報告 瀋陽公用發展股份有限公司 5

Management Discussion and Analysis 管理層討論與分析

Domestic Shares

On 23 February 2016, the Company completed the issuance of 144,000,000 Domestic Shares at the price of RMB1.00 (approximately HK$1.196) per share under the General Mandate 2015 and raised the net proceed of approximately RMB143.2 million. The net proceeds were used for as to approximately RMB130,000,000 for the acquisition of 30% equity interest of Shishi Shen Guo Tou; as to approximately RMB13,000,000 for the working capital for construction and infrastructure business of Zhongfang Chaozhou and approximately RMB200,000 for the working capital of the Group. Details of the issuance of 144,000,000 Domestic Shares are set out in the announcements of the Company dated 18 December 2015 and 25 February 2016.

內資股

於2016年2月23日，本公司完成根據2015年 一般授權按每股人民幣1.00元（約1.196港元） 的價格發行144,000,000股內資股，集資所得 款項淨額約人民幣143,200,000元。所得款項 淨額約人民幣130,000,000元支付收購石獅深 國投30%股權的代價；約人民幣13,000,000 元用作中房潮州基礎設施建設的運營資金； 約人民幣200,000元用作本集團日常營運資 金。有關發行144,000,000股內資股的詳情， 請參閱本公司日期分別為2015年12月18日及 2016年2月25日的公告。

Following the completion of the placing of H-Shares and issuance of Domestic Shares as set out in above, the share capital of the Company increased to RMB1,469,376,000 as at the date of this report comprising of 864,000,000 Domestic Shares of RMB1 each and 605,376,000 H-Shares of RMB1 each.

於完成上文所載配售H股及發行內資股後， 本公司於本報告日期的股本增至人民幣 1,469,376,000 元，包括 864,000,000 股每股 人民幣1元的內資股及605,376,000股每股人 民幣1元的H股。

LIQUIDITY AND FINANCIAL RESOURCES

流動資金與財務資源

With a prudent financial management policy and a solid financial position, the working capital of the Group is usually financed by its internally generated resources. As of 30 June 2016, the Group had net current assets of approximately RMB704,818,000 (31 December 2015: RMB455,079,000), including cash and cash equivalents of RMB21,790,000 (31 December 2015: RMB12,156,000).

本集團遵循審慎財務管理政策以及擁有良好 的財務狀況，一般以內部產生之資源作為營 運資金。於2016年6月30日，本集團擁有流 動資產淨值約人民幣704,818,000元（2015年 12 月 31 日：人民幣 455,079,000 元），其中 包括現金及現金等價物人民幣21,790,000元 （2015年12月31日：人民幣12,156,000元）。

As of 30 June 2016, the Group had no bank borrowings. The Group’s current ratio (current assets/current liabilities) and gearing ratio (total liabilities/total assets) was 5.90 (As of 31 December 2015: 4.38) and 0.11 (As of 31 December 2015: 0.15), respectively.

於2016年6月30日，本集團並無銀行貸款。 本集團的流動比率（流動資產╱流動負債）及 資產負債比率（總負債╱總資產）分別為5.90 （於2015年12月31日：4.38）及0.11（於2015 年12月31日：0.15）。

MATERIAL ACQUISITION AND DISPOSAL OF SUBSIDIARIES AND ASSOCIATE COMPANIES

重大收購及出售附屬及聯營公司

Acquisition of 30% Equity Interest of Shishi Shen Guo Tou

On 11 January 2016, after trading hours, Shenzhen Zhonghe entered into the acquisition agreement (the “Lion City Acquisition Agreement”) to acquire 30% equity interest of Shishi Shen Guo Tou for a total consideration of RMB150,000,000. The Lion City Acquisition shall be completed upon the fulfillment of the conditions precedent within six months from the date of the Lion City Acquisition Agreement. As at the date of this report, the acquisition was completed. Please refer to announcements of the Company dated 12 January 2016 and 19 May 2016 for further details.

收購石獅深國投 30% 股權

於2016年1月11日（交易時段後），深圳眾合 訂立收購協議（「獅城收購協議」），按總代價 人民幣150,000,000元收購石獅深國投30%股 權。獅城收購事項須待先決條件於獅城收購 協議日期起計6個月內達成後，方告完成。於 本報告日期，收購事項已經完成。有關其他 詳情，請參閱本公司日期為2016年1月12日 及2016年5月19日的公告。

6 Interim Report 2016 Shenyang Public Utility Holdings Company Limited

Management Discussion and Analysis 管理層討論與分析

Formation of Joint Venture in the PRC

On 4 February 2016, Shenzhen Tonghe and Shenzhen Galaxy Real Estate Development Company Limited has jointly established a joint venture namely Shenzhen Xingma Hongyun Real Estate Development Co., Ltd in the PRC (the “PRC Joint Venture”) with the registered capital of RMB10,000,000. The PRC Joint Venture will engage in real estate development and operation in the area with legally land use rights. Please refer to the announcement of the Company dated 18 February 2016 for further details. As at the date of this report, the PRC Joint Venture has not made any investments.

Transfer 30% Interest in Hai Yue Real Estate

On 3 March 2016, Cheng He Chuang Jian, assigned the Hai Yue Acquisition Agreement to Tai He Chuang Jian. The transfer of the Hai Yue Acquisition Agreement within the Group did not constitute a transaction under Chapter 14 of the Listing Rules.

Acquisition of 28% Equity Interest in Shenzhen Hui Ye Micro Lending

On 10 March 2016, the Company entered into the acquisition agreement with the Independent Third Party to acquire 28% equity interest in Shenzhen Hui Ye Micro Lending at a consideration of RMB42,000,000. Since the applicable percentage ratios of the acquisition is less than 5%, the acquisition did not constitute a discloseable transaction under Chapter 14 of the Listing Rules.

Disposal of the Entire Equity Interest in Cheng He Chuang Jian

On 15 March 2016, Shenzhen Shen He entered into a disposal agreement to dispose all the equity interest in and loan to Cheng He Chuang Jian to the Independent Third Party for a consideration of RMB44,000,000. Since the applicable percentage ratios of the disposal is less than 5%, the disposal did not constitute a discloseable transaction under Chapter 14 of the Listing Rules.

SIGNIFICANT INVESTMENTS

During the Period, the Company did not hold any significant investments.

於中國成立合營公司

於2016年2月4日，深圳同合與深圳市星河 房地產開發有限公司於中國共同成立合營 企業－深圳市星馬鴻運房地產開發有限公 司（「中國合營企業」），註冊資本為人民幣 10,000,000元。中國合營企業將在合法取得 使用權的土地上從事房地產開發經營。有關 其他詳情，請參閱本公司日期為2016年2月 18日的公告。於本報告日期，中國合營企業 尚未作出任何投資。

轉讓海粵房地產 30% 權益

於2016年3月3日，城合創建向泰合創建轉讓 海粵收購協議。於本集團內轉讓海粵收購協 議並不構成上市規則第14章的交易。

收購深圳匯業小額貸款 28% 股權

於2016年3月10日，本公司與獨立第三方訂 立收購協議，按代價人民幣42,000,000元收 購深圳匯業小額貸款28%權益。由於收購事 項的適用百分比率低於5%，收購事項並不構 成上市規則第14章的須予披露交易。

出售城合創建全部股權

於 2016 年 3 月 15 日，深圳沈和訂立出售協 議，按代價人民幣44,000,000元向獨立第三 方出售深圳城合全部股權及向城合創建之貸 款。由於出售事項的適用百分比率低於5%， 出售事項並不構成上市規則第14章的須予披 露交易。

重大投資

於本期，本公司並無持有任何重大投資。

2016中期報告 瀋陽公用發展股份有限公司 7

Management Discussion and Analysis 管理層討論與分析

NUMBER OF EMPLOYEES, EMOLUMENTS, TRAINING SCHEMES AND SHARE OPTION SCHEMES

僱員人數及薪酬、培訓計劃及購股權計 劃

As at 30 June 2016, the Group employed a total of 41 employees (including the directors of the Company) and emoluments during the Period amounted to approximately RMB1,879,000 (2015: RMB1,764,000) in total. The Group has entered into employment contracts with all employees, and offered them with different emoluments according to their positions. The Group also made contributions to endowment insurance, basic medical insurance and housing reserves for all the employees in accordance with the relevant laws of the PRC. As at the date of this report, the Group has not adopted any share option scheme for any of its senior management or employees.

於2016年6月30日，本集團共聘用41名僱員 （包括本公司董事在內），於本期提供薪酬總 額約為人民幣1,879,000元（2015年：人民幣 1,764,000元）。本集團與全體僱員均已簽署 聘用合同，根據僱員所在不同崗位，按相應 標準分別提供不同薪酬。同時，根據中國有 關法律規定，本集團為全體僱員交納養老保 險金、基本醫療報銷金和住房公積金。於本 報告日期，本集團尚無制定任何高級管理人 員或職工認股權計劃。

ASSETS SECURED/PLEDGED

資產抵押╱質押

As at 30 June 2016, no asset of the Group was secured or pledged (2015: Nil).

於2016年6月30日，本集團並無任何資產抵 押及質押（2015年：無）。

SEGMENTAL INFORMATION

分部資料

Details of segmental information are set out in Note 4 to the interim financial information.

分部資料詳載於中期財務資料附註4。

CURRENCY RISKS

外匯風險

Other than those subsidiaries established in Hong Kong, the revenue and expenses of the Group are mainly denominated in Renminbi. As at 30 June 2016, the Group has no significant risks due to foreign exchange, interests, currency swaps or other financial derivatives.

除於香港成立的該等附屬公司外，本集團之 收益及開支主要以人民幣計值。於2016年6月 30日，本集團概無因外匯合約、利息、貨幣 掉期或其他金融衍生工具而面臨重大風險。

CONTINGENT LIABILITIES

或然負債

As at 30 June 2016, the Group had no significant contingent liabilities (2015: Nil).

於2016年6月30日，本集團並無任何重大或 然負債（2015年：無）。

EVENTS AFTER THE END OF THE PERIOD

期末後事件

Details of the events after the end of the period are set out in Note 25 to the interim financial information.

期末後事件的詳情載於中期財務資料附註25。

Interim Report 2016 Shenyang Public Utility Holdings Company Limited

8

Condensed Consolidated Statement of Profit or Loss 簡明綜合損益表

For the six months ended 30 June 2016

截至2016年6月30日止6個月

Note 附註 Turnover 營業額 3 Cost of sales 營業成本 Sales taxes on turnover 營業額銷售稅 Other income 其他收入 5 Loss on disposal of held for trading investment 出售持作買賣 投資虧損 16 Fair value change on held for trading investment 持作買賣投資 公允價值變動 Other operating expenses 其他經營開支 Depreciation 折舊 Staff costs 員工成本 Donation 捐款 Gain on available-for-sale investments 可供出售投資收益 13 Share of loss of an associate 分佔一家聯營公司之虧損 6 Net exchange gain 匯兌收益淨額 Profit before tax 除稅前溢利 Income tax expense 所得稅開支 7 Profit for the Period 期內溢利 Profit for the Period attributable to: 以下各方本期內 應佔溢利部分： Owners of the Company 本公司擁有人 Non-controlling interest 非控股權益 8 Earnings per share – Basic (RMB cents) 每股盈利－基本（人民幣分） 9 – Diluted (RMB cents) －攤薄（人民幣分） Dividends 股息 10

Six months ended 30 June 截至6月30日止6個月 2016 2015 2016年 2015年 (Unaudited) (Unaudited) （未經審計） （未經審計） RMB’000 RMB’000 人民幣千元 人民幣千元 18,903 173,251 – (154,216) (32) (863) 132 37 (1,005) – (31) (10,545) (1,609) (1,338) (77) (79) (1,879) (1,764) – (1,000) 383 – (151) – 473 – 15,107 3,483 (1,713) (2,347) 13,394 1,136 8,851 1,136 4,543 – 13,394 1,136 0.61 0.11 N/A不適用 N/A不適用 – –

2016中期報告 瀋陽公用發展股份有限公司 9

Condensed Consolidated Statement of Comprehensive Income 簡明綜合全面收益表 For the six months ended 30 June 2016 截至2016年6月30日止6個月

截至2016年6月30日止6個月

Profit for the Period 期內溢利 Exchange differences arising on translation of overseas financial statements 換算海外財務報表產生 之匯兌差額 Total comprehensive income for the Period 期內全面收益總額 Total comprehensive income attributable to: 下列應佔全面收益 總額： Owners of the Company 本公司擁有人 Non-controlling interests 非控股權益	Six months ended 30 June 截至6月30日止6個月 2016 2015 2016年 2015年 (Unaudited) (Unaudited) （未經審計） （未經審計） RMB’000 RMB’000 人民幣千元 人民幣千元 13,394 1,136 (346) 182 13,048 1,318 8,505 1,318 4,543 –

Interim Report 2016 Shenyang Public Utility Holdings Company Limited

10

Condensed Consolidated Statement of Financial Position 簡明綜合財務狀況表

At 30 June 2016 於2016年6月30日

Note 附註 NON-CURRENT ASSETS 非流動資產 Goodwill 商譽 11 Convertible instruments designated as financial assets at fair value through profit or loss 指定為按公允價值計入 損益的財務資產的 可換股工具 12 Available-for-sale investments 可供出售投資 13 Property, plant and equipment 物業、廠房及設備 Interest in an associate 於一間聯營公司之權益 6 Deposit paid for acquisition of associates 收購聯營公司所 支付的訂金 14 CURRENT ASSETS 流動資產 Properties under development 發展中物業 15 Deferred tax asset 遞延稅項資產 Held for trading investment 持作買賣投資 16 Loan and interest receivables 應收貸款及利息 – current portion 一即期部分 17 Trade receivables 應收賬款 18 Prepayments, deposits and other receivables 預付款項、按金及 其他應收款項 Bank balances and cash 銀行結餘及現金 19 Assets classified as held for sale 分類為持作銷售之資產 20 TOTAL ASSETS 總資產

30 June 2016 31 December 2015 2016年 6月30日 2015年 12月31日 (Unaudited) (Audited) （未經審計） （經審計） RMB’000 RMB’000 人民幣千元 人民幣千元 45,779 45,779 – 48,883 12,750 62,750 1,187 1,231 149,849 – 207,000 175,000 416,565 333,643 210,855 199,398 1,354 1,354 79 14,637 398,483 174,557 163,963 186,701 999 900 21,790 12,156 797,523 589,703 50,877 – 848,400 589,703 1,264,965 923,346

2016中期報告 瀋陽公用發展股份有限公司 11

Condensed Consolidated Statement of Financial Position 簡明綜合財務狀況表

At 30 June 2016

於2016年6月30日

Note 附註 CURRENT LIABILITIES 流動負債 Trade payables 應付賬款 21 Other payables and accruals 其他應付款及應計費用 Other borrowings 其他借貸 22 Tax liabilities 稅項負債 Liabilities associated with assets classified as held for sale 與分類為持作銷售的資產 相關的負債 20 NET CURRENT ASSETS 流動資產淨值 TOTAL ASSETS LESS CURRENT LIABILITIES 總資產減流動負債 CAPITAL AND RESERVES 資本及儲備 Share capital 股本 23 Reserves 儲備 Equity attributable to owners of the Company 本公司擁有人 應佔權益 Non-controlling interests 非控股權益 TOTAL EQUITY 總權益

30 June 2016 31 December 2015 2016年 6月30日 2015年 12月31日 (Unaudited) (Audited) （未經審計） （經審計） RMB’000 RMB’000 人民幣千元 人民幣千元 98,999 107,768 9,491 4,710 – 15,333 4,222 6,813 112,712 134,624 30,870 – 143,582 134,624 704,818 455,079 1,121,383 788,722 1,469,376 1,224,480 (428,753) (435,758) 1,040,623 788,722 80,760 – 1,121,383 788,722

Interim Report 2016 Shenyang Public Utility Holdings Company Limited

12

Condensed Consolidated Statement of Changes in Equity 簡明綜合權益變動表 For the six months ended 30 June 2016 截至2016年6月30日止6個月

Equity attributable to shareholders of the Company 本公司擁有人應佔權益

	Equity attributable to shareholders of the Company 本公司擁有人應佔權益
At 1 January 2015 於2015年1月1日 Profit for the period 期內溢利 Issue of shares 股份發行 Exchange difference 匯兌差額 At 30 June 2015 於2015年6月30日 At 1 January 2016 於2016年1月1日 Profit for the period 期內溢利 Issue of shares 股份發行 Exchange difference 匯兌差額 Non-controlling interest 非控股權益 At 30 June 2016 於2016年6月30日	Share capital Share premium Statutory surplus reserve Exchange reserve Accumulated profits Sub-total Non- Controlling interest Total 股本 股本溢價 法定盈餘 公積金 匯兌儲備 累計溢利 小計 非控股權益 總計 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 人民幣千元 人民幣千元 人民幣千元 人民幣千元 人民幣千元 人民幣千元 人民幣千元 人民幣千元 1,020,400 323,258 104,840 128 (860,695) 587,931 – 587,931 – – – – 1,136 1,136 – 1,136 204,080 – (1,200) – – 202,880 – 202,880 – – – 182 – 182 – 182 1,224,480 323,258 103,640 310 (859,559) 792,129 – 792,129
	1,224,480 322,426 104,840 444 (863,468) 788,722 – 788,722 – – – – 8,851 8,851 – 8,851 244,896 (1,500) – – – 243,396 – 243,396 – – – (346) – (346) – (346) – – – – – – 80,760 80,760 1,469,376 320,926 104,840 98 (854,617) 1,040,623 80,760 1,121,383

2016中期報告 瀋陽公用發展股份有限公司 13

Condensed Consolidated Statement of Cash Flows 簡明綜合現金流量表 For the six months ended 30 June 2016 截至2016年6月30日止6個月

截至2016年6月30日止6個月

Note 附註 Net cash (used in) from operating activities（支付）來自經營業務的 現金淨額 Net cash (used in) from investing activities （支付）來自投資活動的 現金淨額 Net cash (used in) from financing activities （支付）來自融資活動的 現金淨額 Increase in cash and cash equivalents 現金及現金等值項目的增加 Cash and cash equivalents at the beginning of the Period 於期初時的現金及 現金等值項目 Effect of foreign exchange rate changes, net 匯率變動影響，淨額 Cash and cash equivalents at the end of the Period 於期末時的現金及 現金等值項目 ANALYSIS OF BALANCES OF CASH AND CASH EQUIVALENTS AT 30 JUNE 於6月30日的現金及 現金等值項目結餘分析 Bank balances and cash 銀行結餘及現金 Bank balances and cash classified as held for sale 分類為持作銷售之 銀行結餘及現金 20

30 June 2016 30 June 2015 2016年 6月30日 2015年 6月30日 (Unaudited) (Unaudited) （未經審計） （未經審計） RMB’000 RMB’000 人民幣千元 人民幣千元 (193,013) 32,634 (117,426) (216,125) 321,114 203,080 10,675 19,589 12,156 7,881 22,831 27,470 (164) 182 22,667 27,652 21,790 27,652 877 – 22,667 27,652

Interim Report 2016 Shenyang Public Utility Holdings Company Limited

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截至2016年6月30日止6個月

Notes to the Condensed Consolidated Financial Statements 簡明綜合財務報表附註 For the six months ended 30 June 2016 截至2016年6月30日止6個月

1. GENERAL INFORMATION

1. 一般資料

Shenyang Public Utility Holdings Company Limited (the “Company”) is a joint stock limited company incorporated in the People’s Republic of China (the “PRC”). The Company’s ultimate holding company is Shenzhen Jinma Asset Management Company Limited. The addresses of the principal place of business and registered office of the Company are 14/F, Jinmao International Apartment, No. 1 Xiao Dong Road, Da Dong District, Shenyang, the PRC and No. 1-4, 20A, Central Street, Shenyang Economic and Technological Development Zone, the PRC, respectively.

瀋陽公用發展股份有限公司（「本公 司」）是一家在中華人民共和國（「中 國」）註冊成立的股份有限公司。本公 司的最終控股公司為深圳市金馬資產 管理有限公司。本公司主要營業地點 地址為中國瀋陽市大東區小東路1號金 茂國際公寓14樓。本公司註冊辦公處 地址為中國瀋陽經濟技術開發區中央 大街20甲1-4號。

The consolidated financial statements are presented in Renminbi (“RMB”) which is the same as the functional currency of the Company and its subsidiaries (collectively known as the “Group”).

此等綜合財務報表以人民幣列示，人 民幣是本公司及其附屬公司（統稱「本 集團」）的功能貨幣。

The Company’s H-shares are listed on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) on 16 December 1999.

本公司的H股於1999年12月16日在香 港聯合交易所有限公司（「聯交所」）上 市。

2. ACCOUNTING POLICIES AND BASIS OF PREPARATION

2. 會計政策及編製基準

The unaudited condensed consolidated financial statements of the Group have been prepared in accordance with new Hong Kong Financial Reporting Standards (“HKFRSs”), Hong Kong Accounting Standards and Interpretations issued by the Hong Kong Institute of Certified Public Accountants and the disclosure requirements of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited. These accounts have been prepared under historical cost convention, except for certain financial instruments which are measured at their fair values.

本集團之未經審計簡明綜合財務報表 乃根據香港會計師公會新頒佈的香 港財務報告準則（「香港財務報告準 則」）、香港會計準則及詮釋及香港聯 合交易所有限公司證券上市規則之披 露規定編製。除部份財務工具以其公 允價值計量外，本賬目乃根據歷史成 本慣例編製。

The preparation of the unaudited condensed consolidated financial statements in conformity with the HKFRSs requires the use of certain critical accounting estimates. It also requires the management to exercise its judgement in the process of applying the Group’s accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the unaudited condensed consolidated financial statements include provision for bad and doubtful debts, provision for taxation, provision for asset impairment and fair values of financial assets stated at fair value and those dealt in profit or loss accounts.

編製符合香港財務報告準則的未經審 計簡明綜合財務報表需要運用若干重 要的會計估計，亦同時需要管理層在 採用本集團的會計政策過程中作出判 斷。在未經審計簡明綜合財務報表中 涉及高度判斷或複雜程度的範疇，或 有重要假設及估計的範疇包括呆壞賬 撥備、稅項撥備、資產減值撥備及按 公平值列賬並在損益賬處理的財務資 產公平值。

2016中期報告 瀋陽公用發展股份有限公司 15

截至2016年6月30日止6個月

Notes to the Condensed Consolidated Financial Statements 簡明綜合財務報表附註 For the six months ended 30 June 2016 截至2016年6月30日止6個月

2. ACCOUNTING POLICIES AND BASIS OF PREPARATION

2. 會計政策及編製基準（續）

(Continued)

The fair value represents the price received on disposal of assets or the price payable on transfer of liabilities in an orderly transaction between market participants at the measurement date, which is determined by the Group based on the market price as at the balance sheet date on the fair value basis.

公允價值是於計量日市場參與者間於 秩序交易中出售資產所收取或轉讓負 債須支付之價格，本集團會按照市場 價格在結算日按公允價值基準釐定。

Interest income from investments is recognised when the shareholders’ rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Group and the amount of revenue can be measured reliably).

來自投資的利息收入於股東收取付款 的權益確定時確認（經濟利益將有可能 流向本集團及收入金額能可靠計量）。

As at the balance sheet date, transactions in currencies other than the overseas subsidiary’s functional currency are recognised at the exchange rate prevailing at the transaction date. Non-monetary items that are measured in terms of historical cost in a foreign currency are not retranslated.

於結算日，境外子公司實體的財務報 表以功能貨幣以外的貨幣進行的交易 均按交易日期的適用匯率換算入賬。 以外幣列值按過往成本計量的非貨幣 項目無須重新換算。

3. TURNOVER

3. 營業額

Turnover represents the amounts received and receivable for construction of infrastructure and credit business of the Group:

營業額為本集團基礎設施建設以及信 貸業務已收及應收金額：

Construction of infrastructure 基礎設施建設 Credit business 信貸業務	30 June 2016 30 June 2015 2016年 6月30日 2015年 6月30日 (Unaudited) (Unaudited) （未經審計） （未經審計） RMB’000 RMB’000 人民幣千元 人民幣千元 – 168,400 18,903 4,851 18,903 173,251

Interim Report 2016 Shenyang Public Utility Holdings Company Limited

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截至2016年6月30日止6個月

Notes to the Condensed Consolidated Financial Statements 簡明綜合財務報表附註

For the six months ended 30 June 2016

4. TURNOVER AND SEGMENT INFORMATION

4. 營業額及分部資料

Principal activities are as follows:

主要業務為：

Construction of infrastructure and credit business

基礎設施建設及信貸業務

The analysis of revenue and results by reportable segment of the Group is as follows:

本集團按可報告分部劃分的收入及業 績分析如下：

For the six months ended 30 June 2016

(Unaudited)

截至 2016 年 6 月 30 日止 6 個月

（未經審計）

Turnover 營業額 Segment results 分部業績 Unallocated corporate expenses 未分配企業費用 Profit from operations 經營盈利 Finance costs 財務成本 Other income 其他收入 Fair value change on held for trading investment 持作買賣投資 公允價值變動 Loss on disposal of held-for- trading investments 出售持作買賣投資 虧損 Gain on available-for-sale investments 可供出售投資收益 Share of loss of an associate 分佔一家聯營公司 之虧損 Net exchange gain 匯兌收益淨額 Profit before taxation 除稅前盈利 Income tax expense 所得稅開支 Profit after taxation 除稅後盈利 Exchange differences 匯兌差額 Non-controlling interest 非控股權益 Profit after taxation 除稅後盈利	Construction of infrastructure Credit business 基礎設施建設 信貸業務 RMB’000 RMB’000 人民幣千元 人民幣千元 – 18,903	Consolidated 合計 RMB’000 人民幣千元 18,903
	(549) 17,032	16,483
		(1,177) 15,306 – 132 (31) (1,005) 383 (151) 473 15,107 (1,713) 13,394 (346) 4,543
		8,505

2016中期報告 瀋陽公用發展股份有限公司 17

截至2016年6月30日止6個月

Notes to the Condensed Consolidated Financial Statements 簡明綜合財務報表附註 For the six months ended 30 June 2016 截至2016年6月30日止6個月

4. TURNOVER AND SEGMENT INFORMATION (Continued)

4. 營業額及分部資料（續）

For the six months ended 30 June 2015

(Unaudited)

截至 2015 年 6 月 30 日止 6 個月

（未經審計）

Turnover 營業額 Segment results 分部業績 Unallocated corporate expenses 未分配企業費用 Profit from operations 經營盈利 Finance costs 財務成本 Other income 其他收入 Fair value change on held for trading investment 持作買賣投資的 公允價值變動 Profit before taxation 除稅前盈利 Income tax expense 所得稅開支 Profit after taxation 除稅後盈利 Exchange differences 匯兌差額 Profit after taxation 除稅後盈利 5. OTHER INCOME Interest income 利息收入	Construction of infrastructure Credit business 基礎設施建設 信貸業務 RMB’000 RMB’000 人民幣千元 人民幣千元 168,400 4,851
	11,682 3,903

Interim Report 2016 Shenyang Public Utility Holdings Company Limited

18

Notes to the Condensed Consolidated Financial Statements 簡明綜合財務報表附註 For the six months ended 30 June 2016 截至2016年6月30日止6個月

6. SHARE OF LOSS/INTEREST OF AN ASSOCIATE 6. 分佔一家聯營公司之虧損╱權益

Share of an associate 分佔一家聯營公司 – Loss from 30% equity interest of Shishi Shen Guo Tou －石獅深國投30% 公司股權之虧損 Share of an associate 分佔一家聯營公司 – 30% equity interest of Shishi Shen Guo Tou －石獅深國投30% 公司股權	30 June 2016 30 June 2015 2016年 6月30日 2015年 6月30日 (Unaudited) (Unaudited) （未經審計） （未經審計） RMB’000 RMB’000 人民幣千元 人民幣千元 151 – 30 June 2016 31 December 2015 2016年 6月30日 2015年 12月31日 (Unaudited) (Audited) （未經審計） （經審計） RMB’000 RMB’000 人民幣千元 人民幣千元 149,849 –

On 11 January 2016, Shenzhen Zhonghe, entered into an acquisition agreement with the vendors to acquire 30% equity interest of Shishi Shen Guo Tou for a total consideration of RMB150,000,000. Shishi Shen Guo Tou is principally engaged in the operation of commercial complex in the PRC.

於 2016 年 1 月 11 日，深圳眾合與該 等賣方訂立收購協議，收購石獅深 國投 30% 的股權，總代價為人民幣 150,000,000元。石獅深國投主要在中 國經營綜合商業廣場。

On 19 May 2016, the conditions precedent of the acquisition agreement were fulfilled. Shishi Shen Guo Tou is an associate and will be accounted for the interest in an associate in the financial statements of the Company.

於2016年5月19日，收購協議的先決 條件均已達成。石獅深國投為本公司 的聯營公司，並將作為聯營公司權益 於本公司之財務報表入帳。

Details of the acquisition has been disclosed in the Company’s announcements dated 12 January 2016 and 19 May 2016.

有關收購事項的詳情於本公司日期為 2016年1月12日及2016年5月19日的 公告中披露。

2016中期報告 瀋陽公用發展股份有限公司 19

Notes to the Condensed Consolidated Financial Statements 簡明綜合財務報表附註

For the six months ended 30 June 2016

截至2016年6月30日止6個月

7. INCOME TAX EXPENSE

7. 所得稅開支

Taxation of the Company and its subsidiaries comprises 稅項包括本公司及 附屬公司 – The PRC enterprise income tax －中國企業所得稅 – Hong Kong corporate income tax －香港企業所得稅	30 June 2016 30 June 2015 2016年 6月30日 2015年 6月30日 (Unaudited) (Unaudited) （未經審計） （未經審計） RMB’000 RMB’000 人民幣千元 人民幣千元 – 2,347 1,713 – 1,713 2,347

Under the Law of the People’s Republic of China on Enterprise Income Tax (“EIT Law”) and the Implementation Regulation of the EIT Law, the tax rate of the Group is 25% from 1 January 2008 onwards.

根據中華人民共和國企業所得稅法 （「企業所得稅法」）及企業所得稅法實 施條例，自2008年1月1日起，本集團 的稅率為25%。

Pursuant to the Hong Kong laws and tax regulations, the profit tax rate is 16.5%.

根據香港法例及稅務條例，利得稅率 為16.5%。

8. NON-CONTROLLING INTEREST

8. 非控股權益

On 23 December 2015, Kingma Overseas entered into the capital contribution agreement with Chung Hwa Finance Holdings Limited, pursuant to which each of the parties agreed to make capital contribution of HK$109,990,000 and HK$90,000,000 respectively to Chung Hwa Finance. Details of the capital contribution has been disclosed in the Company’s announcement dated 23 December 2015.

於2015年12月23日，金馬海外與中 華信貸集團有限公司訂立注資協議， 雙方各自同意向中華信貸分別注資 109,990,000港元及90,000,000港元。 有關注資事項的詳情於本公司日期為 2015年12月23日的公告中披露。

Interim Report 2016 Shenyang Public Utility Holdings Company Limited

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截至2016年6月30日止6個月

Notes to the Condensed Consolidated Financial Statements 簡明綜合財務報表附註 For the six months ended 30 June 2016 截至2016年6月30日止6個月

8. NON-CONTROLLING INTEREST (Continued)

8. 非控股權益（續）

The capital contribution was completed on 18 March 2016. The issued share capital of Chung Hwa Finance increased to HK$200,000,000. Upon completion of capital contribution, the equity interest in Chung Hwa Finance held by Kingma Overseas has been diluted from 100% to 55%, and Chung Hwa Finance Holdings Limited holds 45% equity interest. Chung Hwa Finance will continue to be a subsidiary of the Company and is accounted for as the interest in the Company in the Company’s consolidated financial statements. The interest and profit or loss held by the non-controlling interest are included in the consolidated statement of financial position and consolidated statement of profit or loss, respectively.

注資於2016年3月18日完成，中華信 貸已發行股本增至200,000,000港元， 注資後金馬海外所持有的中華信貸股 權由100%攤薄至55%，中華信貸集 團有限公司持有45%的股權。中華信 貸將繼續作為本公司附屬公司，並以 歸屬於本公司的權益計入綜合財務報 表。非控股權益持有的權益和損益在 綜合財務狀況表及綜合損益表中入帳。

9. EARNINGS PER SHARE

9. 每股盈利

The calculation of earnings per share is based on the profit attributable to owners of the Company for the Period of RMB8,851,000 (2015 Corresponding Period: RMB1,316,000) and 1,444,344,620 shares (2015 Corresponding Period: 1,044,410,000 shares) the weighted average number of shares in issue during the Period.

每股盈利是根據本期本公司擁有人應 佔溢利人民幣8,851,000元（2015年同 期：人民幣1,316,000元），以及本期 已發行股份加權平均數1,444,344,620 股（2015年同期：1,044,410,000股）計 算的。

No diluted earnings per share are disclosed as the Company has no dilutive potential shares for both periods.

由於本公司在兩期間內沒有構成攤薄 的潛在股份，所以並沒有披露經攤薄 的每股盈利。

10. DIVIDENDS

10. 股息

The Board resolved not to declare any dividend for the Period (2015 Corresponding Period: Nil).

董事會決議本期不派發任何股息 （2015年同期：無）。

2016中期報告 瀋陽公用發展股份有限公司 21

Notes to the Condensed Consolidated Financial Statements 簡明綜合財務報表附註 For the six months ended 30 June 2016 截至2016年6月30日止6個月

11. GOODWILL

11. 商譽

Infrastructure construction and property development 基礎設施建設及 物業發展 Zhongfang Chaozhou 中房潮州 Credit business 信貸業務 Chung Hwa Finance 中華信貸	30 June 2016 31 December 2015 2016年 6月30日 2015年 12月31日 (Unaudited) (Audited) （未經審計） （經審計） RMB’000 RMB’000 人民幣千元 人民幣千元 44,459 44,459 1,320 1,320 45,779 45,779

The goodwill of the Company is mainly derived from the premium from the acquisition of equity interest of Zhongfang Chaozhou and the premium from the acquisition of equity interest of Chung Hwa Finance. The recoverable amount of the goodwill on the infrastructure construction and credit business is determined as higher than its carrying amount. During the Period, there were no signs of goodwill impairment and no provision was made for goodwill impairment.

本公司商譽主要來源於收購中房潮州 的股權溢價部分以及收購中華信貸的 股權溢價部分。基礎設施建設及信貸 業務商譽價值的可收回金額被釐定為 高於其賬面值，於本期，仍未出現商 譽減值跡象，故未計提商譽減值。

Interim Report 2016 Shenyang Public Utility Holdings Company Limited

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Notes to the Condensed Consolidated Financial Statements 簡明綜合財務報表附註 For the six months ended 30 June 2016 截至2016年6月30日止6個月

截至2016年6月30日止6個月

12. CONVERTIBLE INSTRUMENTS DESIGNATED AS FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS

12. 指定為按公允價值計入損益的財務 資產的可換股工具

		30 June	31 December
		2016	2015
		2016年	2015年
		6月30日	12月31日
		(Unaudited)	(Audited)
		（未經審計）	（經審計）
		RMB’000	RMB’000
		人民幣千元	人民幣千元
Financial assets designated at FVTPL:	指定為按公允價值計入
	損益的財務資產：
– Convertible bonds mature	－一年後到期的
over one year	可換股債券	–	48,833

On 20 August 2015, Sichuang Overseas as a subscriber, agreed to subscribe 4%-coupon rate convertible bonds which were issued by Asia Resources Holdings Limited, a company incorporated in Bermuda with limited liability and the issued shares of which are listed on the main board of the Stock Exchange (Stock code: 899), in the principal amount of HK$56,160,000 (“ARHL Convertible Bonds”). As at 31 December 2015, the fair value of the ARHL Convertible Bonds was approximately RMB48,883,000.

於2015年8月20日，思創海外（作為認 購人）同意認購由亞洲資源控股有限公 司（於百慕達註冊成立的有限公司，其 已發行股份於聯交所主板上市（股份代 號：899））發行本金額為56,160,000港 元的4厘可換股債券（「亞洲資源可換股 債券」）。於2015年12月31日，亞洲資 源可換股債券的公允價值約為人民幣 48,883,000元。

On 21 January 2016, Sichuang Overseas agreed to transfer the ARHL Convertible Bonds with a principal amount of HK$27,360,000 to Transferee I at consideration of HK$27,360,000 and a principal amount of HK$28,800,000 to Transferee II at a consideration of HK$28,800,000. The total consideration is HK$56,160,000, representing the principal amount of the ARHL Convertible Bonds upon subscription by Sichuang Overseas. Details of the ARHL Convertible Bonds Transfer has been disclosed in the Company’s announcement dated 21 January 2016. Upon reasonable enquiries, the management confirmed that these transferees are Independent Third Parties.

於 2016 年 1 月 21 日，思創海外同意 以代價分別為 27,360,000 港元及 28,800,000港元向承讓人一及承讓人 二轉讓同等本金額的亞洲資源可換股 債券，總代價為 56,160,000 港元， 相當於思創海外進行認購事項時亞洲 資源可換股債券的本金價值。有關亞 洲資源可換股債券轉讓的詳情於本公 司日期為2016年1月21日的公告中披 露。管理層經合理查詢確信，該等承 讓人為獨立第三方。

2016中期報告 瀋陽公用發展股份有限公司 23

Notes to the Condensed Consolidated Financial Statements 簡明綜合財務報表附註 For the six months ended 30 June 2016 截至2016年6月30日止6個月

截至2016年6月30日止6個月

13. AVAILABLE-FOR-SALE INVESTMENTS

13. 可供出售投資

Unlisted investments classified as	分類為非流動資產的
non-current assets:	非上市投資：
– equity securities	－股本證券

30 June	31 December
2016	2015
2016年	2015年
6月30日	12月31日
(Unaudited)	(Audited)
（未經審計）	（經審計）
RMB’000	RMB’000
人民幣千元	人民幣千元
12,750	62,750

The above unlisted equity investment represents 4.96% (2015: 4.96%) equity interest in a PRC private limited company engaged in banking business. The unlisted investments were measured at cost less the accumulated impairment at the end of the reporting period and there were no signs to ascertain the possibility of impairment of available-for-sale investments. As of the date of this report, the dividend income received from available-for-sale investments was included in the Company’s consolidated statement of profit or loss.

上述非上市股本投資指一間中國私人 有限公司（其業務為提供銀行服務）的 4.96%（2015年：4.96%）股權。非上 市投資按成本減去於報告期末的累計 減值計量，無任何跡象表明可供出售 投資有發生減值的可能。截至本報告 期，可供出售投資所收到的分紅收益 已於本公司之綜合損益表入帳。

On 15 March 2016, Shenzhen Shen He and the Independent Third Party entered into a disposal agreement to dispose all the equity interest in and loan to Cheng He Chuang Jian. Cheng He Chuang Jian owns 4.35% equity interest in a PRC private limited company engaged in tower crane rental, concrete logistics, concrete pumping and technical engineering training and services at RMB50,000,000. During the Period, the investment is classified as “Assets classified as held for sale” (see Note 20).

於2016年3月15日，深圳沈和與獨立 第三方簽訂出售協議出售城合創建全 部股權及債權。城合創建持有一間中 國私人有限公司（其業務為重機租賃 混凝土泵送及技術工程培訓及服務） 4.35%股權，價值人民幣50,000,000 元。於本期，此項投資已歸類為「分類 為持作銷售的資產」，詳見附註20。

Interim Report 2016 Shenyang Public Utility Holdings Company Limited

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Notes to the Condensed Consolidated Financial Statements 簡明綜合財務報表附註 For the six months ended 30 June 2016 截至2016年6月30日止6個月

截至2016年6月30日止6個月

14. DEPOSIT PAID FOR ACQUISITION OF ASSOCIATES

14. 收購聯營公司所支付的訂金

Deposit paid for acquisition of 30% equity interest of Hai Yue Real Estate (note a) 收購海粵房地產30%股權 所支付的訂金 （附註a） Deposit paid for acquisition of 28% equity interest of Shenzhen Hui Ye Micro Lending (note b) 收購深圳匯業小額貸款 28%股權所支付 的訂金（附註b）	30 June 2016 31 December 2015 2016年 6月30日 2015年 12月31日 (Unaudited) (Audited) （未經審計） （經審計） RMB’000 RMB’000 人民幣千元 人民幣千元 175,000 175,000 32,000 – 207,000 175,000

(a) Hai Yue Real Estate

(a) 海粵房地產

On 27 July 2015, Cheng He Chuang Jian, entered into the acquisition agreement with Hou Feng, pursuant to which Hou Feng conditionally agreed to sell and Cheng He Chuang Jian conditionally agreed to acquire 30% equity interest of Hai Yue Real Estate at a total consideration of RMB195,000,000 (the “Hai Yue Proposed Acquisition”). Hai Yue Real Estate is a company with limited liability established under the laws of the PRC and is principally engaged in developing, constructing, selling, renting and managing of commercial building, namely Dongshan Plaza located in Guangzhou, the PRC.

於2015年7月27日，城合創建 與厚豐訂立收購協議，據此， 厚豐有條件同意出售，而城合 創建有條件同意收購海粵房地 產 30% 股權，總代價人民幣 195,000,000 元（「海粵建議收 購事項」）。海粵房地產為一家 根據中國法例註冊成立的有限 責任公司，其主要從事商業大 廈（即位於中國廣州的東山廣 場）的發展、建設、銷售、租賃 及管理業務。

On 3 March 2016, Cheng He Chuang Jian and Hou Feng together with Tai He Chuang Jian agreed the transfer of the Hai Yue Proposed Acquisition from Cheng He Chuang Jian to Tai He Chuang Jian.

2016年3月3日，城合創建及厚 豐與泰合創建三方同意由城合 創建向泰合創建轉讓海粵建議 收購事項。

At 30 June 2016, the acquisition has not been completed and the balance of RMB175,000,000 represented the refundable deposit (the “Hai Yue Deposit”) paid to Hou Feng.

於 2016 年 6 月 30 日，收購事 項尚未完成，結餘人民幣 175,000,000 元指已付厚豐的 可退還訂金（「海粵訂金」）。

2016中期報告 瀋陽公用發展股份有限公司 25

Notes to the Condensed Consolidated Financial Statements 簡明綜合財務報表附註 For the six months ended 30 June 2016 截至2016年6月30日止6個月

截至2016年6月30日止6個月

14. DEPOSIT PAID FOR ACQUISITION OF ASSOCIATES (Continued)

(a) Hai Yue Real Estate (Continued)

On 19 July 2016, Tai He Chuang Jian and Hou Feng entered into the supplemental agreement (the “Supplemental Agreement”) to amend certain terms and conditions of the Hai Yue Acquisition Agreement, inter alias, as follows:

1. the percentage of equity interests in Hai Yue Real Estate to be acquired shall be changed from 30% to 20%;

2. the consideration shall be decreased by RMB65,000,000 to RMB130,000,000 (the “New Consideration”) and the New Consideration shall be deducted from the Hai Yue Deposit and the balance of RMB45,000,000 will be refunded to Tai He Chuang Jian by Hou Feng within 10 days upon the completion of the change in industry and commercial registration and Hou Feng shall repay the bank loan of RMB78,921,624 to Hai Yue Real Estate within 3 months upon the completion of industry and commercial registration;

3. the completion of the change in industry and commercial registration contemplated under the Hai Yue Proposed Acquisition shall be completed within three months upon entering into the Supplemental Agreement. In the event that Hou Feng is unable to refund the balance of RMB45,000,000 within 10 days upon the completion of the change in industry and commercial registration, Hou Feng shall pay Tai He Chuang Jian an interest on the late payment in accordance with the then bank borrowing interest rate.

(b) Shenzhen Hui Ye Micro Lending

On 10 March 2016, the Company entered into the share transfer agreement with the Independent Third Party to acquire 28% equity interest in Shenzhen Hui Ye Micro Lending for a total consideration of RMB42,000,000. As at the end of the Period, the Company paid the deposit of RMB32,000,000.

14. 收購聯營公司所支付的訂金（續）

(a) 海粵房地產（續）

於2016年7月19日，泰合創建 及厚豐訂立補充協議（「補充協 議」）以修訂海粵收購協議（其中 包括）若干條款及條件如下：

1. 將收購的海粵房地產股 權百分比由 30% 改為 20%；

2. 代價應減少人民幣 65,000,000元至人民幣 130,000,000 元（「新代 價」），而新代價應扣除 自海粵訂金，而結餘人 民幣45,000,000元將於 完成工商登記變更手續 後 10 日內由厚豐退還 予泰合創建，厚豐應於 完成工商登記變更手續 後3個月內向海粵房地 產償還銀行貸款人民幣 78,921,624元；

3. 根據海粵建議收購事項 擬進行的工商登記變更 手續應於訂立補充協議 後3個月內完成。倘厚 豐無法於完成工商登記 變更手續後10日內退還 結餘人民幣45,000,000 元，厚豐應根據當時的 銀行貸款利率向泰合創 建支付滯納金利息。

(b) 深圳匯業小額貸款

2016 年 3 月 10 日，本公司 與獨立第三方簽訂《股權轉 讓協議》，以總代價人民幣 42,000,000元收購深圳匯業小 額貸款28%的股權。截至本期 末，本公司已支付訂金人民幣 32,000,000元。

Interim Report 2016 Shenyang Public Utility Holdings Company Limited

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Notes to the Condensed Consolidated Financial Statements 簡明綜合財務報表附註 For the six months ended 30 June 2016 截至2016年6月30日止6個月

截至2016年6月30日止6個月

15. PROPERTIES UNDER DEVELOPMENT

15. 發展中物業

The analysis of properties under development of the Group as at the end of the Period is set out as follows:

本集團的發展中物業於本期末分析情 況如下：

		30 June	31 December
		2016	2015
		2016年	2015年
		6月30日	12月31日
		(Unaudited)	(Audited)
		（未經審計）	（經審計）
		RMB’000	RMB’000
		人民幣千元	人民幣千元
Properties under development	發展中物業	210,855	199,398

The Group principally engages in construction of infrastructure. The properties under development at the balance sheet date were mainly contributed by land development cost and other related expenses of Zhongfang Chaozhou.

本集團主要業務為基礎設施建設，於 結算日發展中物業主要為中房潮州土 地開發成本和其他相關開支。

16. HELD-FOR-TRADING INVESTMENTS

16. 持作買賣投資

		30 June	31 December
		2016	2015
		2016年	2015年
		6月30日	12月31日
		(Unaudited)	(Audited)
		（未經審計）	（經審計）
		RMB’000	RMB’000
		人民幣千元	人民幣千元
Listed investments	上市投資
Equity securities listed in Hong Kong	於香港上市之股本證券	79	14,637

The fair values of the listed securities are determined based on quoted market prices available at the Stock Exchange at the end of the reporting period. As at 31 December 2015, the held-for-trading investments has been pledged as security under the margin securities account. In January 2016, the Company successively disposed of the securities of the listed companies in Hong Kong and the profit or loss arising from the disposal was included in the Company’s consolidated statement of profit or loss. During the Period, the equity securities listed in Hong Kong were not pledged.

上市證券的公允價值是按報告期末聯 交所所報的市場價釐定。於2015年12 月31日，持作買賣投資已予抵押，作 為孖展證券賬戶的抵押品。於2016年 1月陸續出售香港上市公司之證券，出 售之損益已於本公司之綜合損益表入 帳。於本期，香港上市之股本證券未 予抵押。

2016中期報告 瀋陽公用發展股份有限公司 27

Notes to the Condensed Consolidated Financial Statements 簡明綜合財務報表附註 For the six months ended 30 June 2016 截至2016年6月30日止6個月

截至2016年6月30日止6個月

17. LOAN AND INTEREST RECEIVABLES

17. 應收貸款及利息

The analysis of interest receivables of the Group as at the end of the Period is as follows:

本集團的應收利息於本期末分析情況 如下：

Current position 流動部分 Non-current position 非流動部分	30 June 2016 31 December 2015 2016年 6月30日 2015年 12月31日 (Unaudited) (Audited) （未經審計） （經審計） RMB’000 RMB’000 人民幣千元 人民幣千元 398,483 174,557 – – 398,483 174,557

The above receivables represent the loan and related interest from the borrowings made by Chung Hwa Finance to the borrower.

上述應收款項為中華信貸向借款人借 出的貸款及相關貸款利息。

At the end of Period, none of the loan and interest receivable was past due but not impaired (2015: Nil).

本期末，概無應收貸款及利息已逾期 但未減值（2015年：無）。

The loan receivables outstanding at the balance sheet date are denominated in Hong Kong dollars.

於結算日尚未償還之應收貸款以港元 計值。

18. TRADE RECEIVABLES

18. 應收賬款

The analysis of trade receivables of the Group as at the end of the Period is set out as follows:

本集團的應收賬款於本期末分析情況 如下：

Trade receivables 應收賬款 Less: Allowance for doubtful debts 減：呆賬撥備 Trade receivables, net 應收賬款淨額	30 June 2016 31 December 2015 2016年 6月30日 2015年 12月31日 (Unaudited) (Audited) （未經審計） （經審計） RMB’000 RMB’000 人民幣千元 人民幣千元 163,963 186,701 – – 163,963 186,701

Interim Report 2016 Shenyang Public Utility Holdings Company Limited

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Notes to the Condensed Consolidated Financial Statements 簡明綜合財務報表附註 For the six months ended 30 June 2016 截至2016年6月30日止6個月

截至2016年6月30日止6個月

18. TRADE RECEIVABLES (Continued)

18. 應收賬款（續）

The Group has not specified the credit period to its trade customers. The following is an aged analysis of trade receivables net of allowance for doubtful debts presented based on the repurchase agreement at the end of the Period, which approximated the respective revenue recognition date:

本集團並無為其貿易客戶指定信貸 期。於本期末時根據回購協議日期（約 為各自之收入確認日期）的應收賬款 （扣除呆賬撥備）的賬齡分析情況如下：

0–30 days 0至30天 31–60 days 31至60天 61–90 days 61至90天 Over 90 days 90天以上	30 June 2016 31 December 2015 2016年 6月30日 2015年 12月31日 RMB’000 RMB’000 人民幣千元 人民幣千元 – 126,300 – – – – 163,963 60,401
	163,963 186,701

All of the trade receivables were related to one customer of construction of infrastructure and development of properties segment. This customer was a stated-owned enterprise located in the PRC and has long-term business relationship with the Group. The Directors considered that none of the balance due from this stated-owned enterprise customer has been past due as at the end of the reporting period and no impairment is required. The Group does not hold any collateral over these balances as at 30 June 2016.

所有應收賬款與基礎設施建設及物業 發展分部一名客戶有關。此客戶為中 國的國有企業，與本集團建有長久業 務關係。董事認為截至報告期末概無 應收此國有企業客戶的結餘已逾期， 毋須作出減值撥備。於2016年6月30 日，本集團並無就該等結餘持有任何 抵押品。

19. BANK BALANCES AND CASH

19. 銀行結餘及現金

The bank balances and cash are mainly denominated in RMB and deposited with banks in the PRC. The RMB is not freely convertible into other currencies, however, under “Mainland China’s Foreign Exchange Control Regulations” and “Administration of Settlement, Sale and Payment of Foreign Exchange Regulations”, the Group is permitted to exchange RMB for other currencies through banks authorised to conduct foreign exchange business.

銀行結餘及現金主要以人民幣計值， 並存放在位於中國的銀行。人民幣不 能自由兌換成其他貨幣。然而，根據 中國內地《外匯管理條例》及《結匯、售 匯及付匯管理規定》，本集團可透過獲 授經營外匯業務的銀行將人民幣兌換 成其他貨幣。

The bank balances carry interest at average market rates ranging from 0.01% to 0.35% (2015: 0.01% to 0.35%) per annum as of 30 June 2016. The bank balances are deposited at trustworthy banks with no recent history of default.

截至2016年6月30日止，銀行結餘按 年平均市場利率介乎0.01%至0.35% （ 2015 年： 0.01% 至 0.35% ）計算利 息。銀行結餘存於近期無違約記錄且 信譽良好的銀行。

2016中期報告 瀋陽公用發展股份有限公司 29

Notes to the Condensed Consolidated Financial Statements 簡明綜合財務報表附註 For the six months ended 30 June 2016 截至2016年6月30日止6個月

截至2016年6月30日止6個月

20. ASSETS/LIABILITIES CLASSIFIED AS HELD FOR SALE

20. 分類為持作銷售的資產╱負債

Bank balance and cash 銀行結餘及現金 Available-for-sale investments 可供出售投資 Assets classified as held for sale 分類為持作銷售的資產 Other payables and accruals 其他應付款及應計費用 Advanced proceeds received from a customer 已收客戶預付款項 Liabilities associated with assets classified as held for sale 與分類為持作銷售的資產 相關的負債	30 June 2016 2016年 6月30日 (Unaudited) （未經審計） RMB’000 人民幣千元 877 50,000 50,877 28,870 2,000 30,870

Cheng He Chuang Jian holds 4.35% (2015: 4.35% shown under Available-for-sale Investments) equity interest in a PRC private limited company engaged in tower crane rental, concrete logistics, concrete pumping and technical engineering training and services. On 15 March 2016, Shenzhen Shen He entered into the disposal agreement with the Independent Third Party for a total consideration of RMB44,000,000 to dispose of the entire debt and equity interest in Cheng He Chuang Jian. As at the end of the Period, share transfer price of RMB2,000,000 and debt transfer price of RMB22,000,000 were received from the Independent Third Party. The disposal was not yet completed at the end of the Period.

城合創建持有一間中國私人有限公司 （其業務為起重機租賃、混凝土物流、 混凝土泵送及技術工程培訓及服務） 4.35%（2015年：可供出售投資所示 4.35%）股權。於2016年3月15日，深 圳沈和與獨立第三方訂立出售協議， 以總代價人民幣 44,000,000 元出售 城合創建全部債權及股權。截至本期 末，已從獨立第三方收到股權轉讓款 人民幣2,000,000元及債權轉讓款人民 幣22,000,000元，於本期末出售事項 沒有完成。

Interim Report 2016 Shenyang Public Utility Holdings Company Limited

30

Notes to the Condensed Consolidated Financial Statements 簡明綜合財務報表附註 For the six months ended 30 June 2016 截至2016年6月30日止6個月

21. TRADE PAYABLES

21. 應付賬款

An aged analysis of trade payables of the Group as at the end of the Period is set out as follows:

本集團的應付賬款於本期末賬齡分析 情況如下：

Within 90 days 90日內 Over 90 days 90日以上	30 June 2016 31 December 2015 2016年 6月30日 2015年 12月31日 (Unaudited) (Audited) （未經審計） （經審計） RMB’000 RMB’000 人民幣千元 人民幣千元 – 22,407 98,999 85,361 98,999 107,768

The trade payables as at the end of the Period were contributed by land development cost and other related expenses which are payable based on project progress estimated by the Group. The management considered that the carrying amounts of trade payables approximate their fair values.

本期末應付賬款為土地開發費用及其 他相關開支，根據本集團估計的項目 工程進度支付。管理層認為應付賬款 的賬面值與其公允價值相約。

22. OTHER BORROWINGS

22. 其他借貸

		30 June	31 December
		2016	2015
		2016年	2015年
		6月30日	12月31日
		(Unaudited)	(Audited)
		（未經審計）	（經審計）
		RMB’000	RMB’000
		人民幣千元	人民幣千元
Secured:	已抵押：
Margin securities account	孖展證券賬戶	–	15,333

Other borrowings refer to the margin amount of the broker’s account. As at 31 December 2015, approximately RMB15,333,000 represented the margin value in broker’s account. The borrowings was secured by the held-fortrading investments and ARHL Convertible Bonds with carrying values of RMB14,637,000 and RMB48,883,000 as at 31 December 2015, respectively. The borrowings were repaid in January 2016.

其他借貸指經紀賬戶的孖展額， 於 2015 年 12 月 31 日，約人民幣 15,333,000元。 借款以於2015年12月 31日賬面值分別為人民幣14,637,000 元及人民幣48,883,000元的持作買賣 投資及亞洲資源可換股債券作抵押。 借款於2016年1月已償還。

2016中期報告 瀋陽公用發展股份有限公司 31

Notes to the Condensed Consolidated Financial Statements 簡明綜合財務報表附註

For the six months ended 30 June 2016

截至2016年6月30日止6個月

23. SHARE CAPITAL

23. 股本

30 June 2016 31 December 2015 2016年6月30日 2015年12月31日 (Unaudited) (Audited) （未經審核） （經審核） No of Shares RMB’000 No of Shares RMB’000 股份數目 人民幣千元 股份數目 人民幣千元 Registered, Issued and fully paid 註冊、已發行及繳足 Domestic Shares of RMB1 each 每股面值人民幣1元之 內資股 Beginning of the year 年初 720,000,000 720,000 600,000,000 600,000 Issue of Domestic Shares (note a) 發行內資股（附註a） 144,000,000 144,000 120,000,000 120,000 End of the Period 本期末 864,000,000 864,000 720,000,000 720,000 H Shares of RMB1 each 每股面值人民幣1元之 H股 Beginning of the year 年初 504,480,000 504,480 420,400,000 420,400 Issue of H Shares (note b) 發行H股（附註b） 100,896,000 100,896 84,080,000 84,080 End of the Period 本期末 605,376,000 605,376 504,480,000 504,480 Total 總計 1,469,376 1,224,480 (a) On 23 February 2016, the Company completed the issuance of 144,000,000 Domestic Shares at the price of RMB1 each under the 2015 General Mandate. (b) On 11 February 2016, the Company and the placing agent, completed the placing of a total of 100,896,000 H-Shares at the price of RMB1 per share (equivalent to HK$1.19) under the 2015 General Mandate. (a) 於2016年2月23日，本公司完成根據 2015一般授權發行144,000,000股內 資股，發行價為每股人民幣1元。 (b) 本公司與配售代理成功於2016年2 月11日根據2015一般授權配售總計 100,896,000股H股，增發價為每股人 民幣1元（相於當1.19港元）。	30 June 2016 31 December 2015 2016年6月30日 2015年12月31日 (Unaudited) (Audited) （未經審核） （經審核） No of Shares RMB’000 No of Shares RMB’000 股份數目 人民幣千元 股份數目 人民幣千元 720,000,000 720,000 600,000,000 600,000 144,000,000 144,000 120,000,000 120,000	30 June 2016 31 December 2015 2016年6月30日 2015年12月31日 (Unaudited) (Audited) （未經審核） （經審核） No of Shares RMB’000 No of Shares RMB’000 股份數目 人民幣千元 股份數目 人民幣千元 720,000,000 720,000 600,000,000 600,000 144,000,000 144,000 120,000,000 120,000	30 June 2016 31 December 2015 2016年6月30日 2015年12月31日 (Unaudited) (Audited) （未經審核） （經審核） No of Shares RMB’000 No of Shares RMB’000 股份數目 人民幣千元 股份數目 人民幣千元 720,000,000 720,000 600,000,000 600,000 144,000,000 144,000 120,000,000 120,000
	864,000,000	864,000 720,000,000	720,000
	504,480,000 100,896,000	504,480 420,400,000 100,896 84,080,000	420,400 84,080
	605,376,000	605,376 504,480,000	504,480
		1,469,376 1,224,480 (a) 於2016年2月23日，本公司完成根據 2015一般授權發行144,000,000股內 資股，發行價為每股人民幣1元。 (b) 本公司與配售代理成功於2016年2 月11日根據2015一般授權配售總計 100,896,000股H股，增發價為每股人 民幣1元（相於當1.19港元）。	1,224,480

Interim Report 2016 Shenyang Public Utility Holdings Company Limited

32

Notes to the Condensed Consolidated Financial Statements 簡明綜合財務報表附註

For the six months ended 30 June 2016 截至2016年6月30日止6個月

24.	CAPITAL COMMITMENT	CAPITAL COMMITMENT		24.	資本承擔
	At the	end of the Period, the Group had	the following		於本期末，本集團有以下資本承擔：
	capital	commitment:
					30 June	31 December
					2016	2015
					2016年	2015年
					6月30日	12月31日
					RMB’000	RMB’000
					人民幣千元	人民幣千元
	Capital	expenditure contracted for but not	有關下列事項的已訂約
	provided in the consolidated financial		但尚未於綜合財務報表內
	statements in respect of:		撥備的資本開支：
	(i)	Capital contribution to Chung Hwa	(i)	向中華信貸注資
		Finance			–	93,525
	(ii)	Capital contribution to Shenzhen	(ii)	向深圳眾合注資
		Zhonghe			–	1,000
	(iii)	Acquisition of 30% equity interest	(iii)	收購海粵房地產30%
		of Hai Yue Real Estate		股權（附註14(a)）
		(note 14(a))			–	20,000
	(iv)	Acquisition of 28% equity interest	(iv)	收購深圳匯業小額
		in Shenzhen Hui Ye Micro		貸款28%股權
		Lending (note 14(b))		（附註14(b)）	10,000	–
	(v)	Capital contribution to Shenzhen	(v)	向深圳星馬鴻運注資
		Xingma Hongyun			10,000	–
	(vi)	Property development activities	(vi)	物業發展業務	271,215	276,758
					291,215	391,283

2016中期報告 瀋陽公用發展股份有限公司 33

截至2016年6月30日止6個月

Notes to the Condensed Consolidated Financial Statements 簡明綜合財務報表附註 For the six months ended 30 June 2016 截至2016年6月30日止6個月

25. EVENTS AFTER THE END OF THE PERIOD

25. 期末後事件

On 19 July 2016, Tai He Chuang Jian and Hou Feng entered into the Supplemental Agreement to amend certain terms and conditions of the Hai Yue Acquisition Agreement, inter alias, as follows:

於2016年7月19日，泰合創建及厚豐 訂立補充協議以修訂海粵收購協議（其 中包括）若干條款及條件如下：

1. the percentage of equity interests in Hai Yue Real Estate to be acquired shall be changed from 30% to 20%;

2. 將收購的海粵房地產股權百分 比由30%改為20%；

3. the consideration shall be decreased by RMB65,000,000 to RMB130,000,000 (the “New Consideration”) and the New Consideration shall be deducted from the Hai Yue Deposit and the balance of RMB45,000,000 will be refunded to Tai He Chuang Jian by Hou Feng within 10 days upon the completion of the change in industry and commercial registration and Hou Feng shall repay the bank loan of RMB78,921,624 to Hai Yue Real Estate within 3 months upon the completion of industry and commercial registration;

4. 代價應減少人民幣65,000,000 元至人民幣 130,000,000 元

（「新代價」），而新代價應自海 粵訂金扣除，而結餘人民幣 45,000,000元將於完成工商登 記變更手續後10日內由厚豐退 還予泰合創建，厚豐應於完成 工商登記變更手續後3個月內 向海粵房地產償還銀行貸款人 民幣78,921,624元；

1. the completion of the change in industry and commercial registration contemplated under the Hai Yue Proposed Acquisition shall be completed within three months upon entering into the Supplemental Agreement. In the event that Hou Feng is unable to refund the balance of RMB45,000,000 within 10 days upon the completion of the change in industry and commercial registration, Hou Feng shall pay Tai He Chuang Jian an interest on the late payment in accordance with the then bank borrowing interest rate.

2. 海粵建議收購事項擬進行的工 商登記變更手續應於訂立補充 協議後3個月內完成。倘厚豐 無法於完成工商登記變更手 續後 10 日內退還結餘人民幣 45,000,000元，厚豐應根據當 時的銀行貸款利率向泰合創建 支付利息。

Interim Report 2016 Shenyang Public Utility Holdings Company Limited

34

Other Information 其他資料

CODE OF CORPORATE GOVERNANCE

The Company has complied with all of the code provisions of the Corporate Governance Code and Corporate Governance Report (“CG Code”) as set out in Appendix 14 to the Listing Rules during the six months ended 30 June 2016, except the following:

Code provision A.1.8 of the CG Code requires that the Company should arrange appropriate insurance cover in respect of legal action against its directors. The Company did not arrange such insurance cover during the Period as Directors considered that the risk of material legal claims against Directors is minimal. Nevertheless, the Board will review this arrangement from time to time in light of the prevailing circumstances and arrange for appropriate insurance coverage when necessary.

MODEL CODE FOR SECURITIES TRANSACTIONS BY DIRECTORS

The Company has adopted the Model Code for Securities Transactions by Directors of Listed Issuers set out in Appendix 10 to the Listing Rules as the code for dealing in securities of the Company by the directors. Having made enquiry of all the directors of the Company, the Company confirms that all the directors of the Company have complied with the required standard set out in the Model Code for the Period.

PURCHASE, SALE OR REDEMPTION OF LISTED SECURITIES OF THE COMPANY

Neither the Company, nor any of its subsidiaries has purchased, redeemed or sold any of the listed securities of the Company during the six months ended 30 June 2016.

REVIEW OF INTERIM RESULTS

The Audit Committee has reviewed the unaudited condensed financial information of the Group for the six months ended 30 June 2016.

INTERIM DIVIDEND

The Board does not recommend the payment of interim dividends for the six months ended 30 June 2016 (2015 Corresponding Period: Nil).

企業管治守則

本公司已於截至2016年6月30日止6個月遵守 上市規則附錄十四所載之企業管治守則及企 業管治報告（「企管守則」），惟下文除外：

企管守則之守則條文A.1.8規定，本公司應就 對其董事之法律行動投購合適之保險覆蓋。 由於董事認為對董事提出重大法律索償之風 險不大，故本期本公司並無投購有關保險覆 蓋。然而，董事會將視乎當前狀況不時檢討 此安排，並於有需要時投購合適之保險覆蓋。

董事進行證券交易之標準守則

本公司已採納載於上市規則附錄十之上市發 行人之董事進行證券交易之標準守則，作為 本公司董事買賣證券之守則。經向本公司全 體董事作出查詢後，本公司確認所有董事於 本期已遵守載於標準守則之規定標準。

購買、銷售或贖回本公司上市證券

截至2016年6月30日止6個月期間，本公司及 其附屬公司概無購買、贖回或銷售本公司任 何上市證券。

審閱中期業績

審核委員會已審閱截至2016年6月30日止6個 月之本集團未經審核簡明財務資料。

中期股息

董事會不建議就截至2016年6月30日止6個月 派發中期股息（2015年同期：無）。

2016中期報告 瀋陽公用發展股份有限公司 35

Other Information 其他資料

DIRECTORS’, CHIEF EXECUTIVES’ AND SUPERVISORS’ INTERESTS IN SECURITIES

董事、最高行政人員及監事於證券之權 益

As at 30 June 2016, none of the Directors, chief executives and supervisors of the Company had interests or short positions in any securities of the Company or any of its associated corporations (within the meaning of Part XV of the SFO) which are required (a) to be notified to the Company and the Stock Exchange pursuant to Divisions 7 and 8 of Part XV of the SFO (including interests or short positions which they are taken or deemed to have under such provisions of the SFO); or (b) pursuant to section 352 of the SFO, to be entered in the register referred to therein; or (c) pursuant to the required standard of dealings by Directors and Supervisors as referred to in Appendix 10 to the Listing Rules to be notified to the Company and the Stock Exchange.

除上文所披露外，於2016年6月30日，概無 本公司董事、最高行政人員及監事於本公司 或其任何相關法團（定義見證券及期貨條例第 XV部）之任何證券中，擁有(a)須根據證券及 期貨條例第XV部第7及第8分部須知會本公司 及聯交所之權益或淡倉（包括根據證券及期貨 條例之該等條文，彼等被當作或視為擁有之 權益或淡倉）；或(b)須根據證券及期貨條例第 352條須記入該條例所述之登記冊之權益或淡 倉；或(c)根據上市規則附錄十所載董事及監 事進行交易之規定準則，須知會本公司及聯 交所之權益或淡倉。

SHAREHOLDINGS OF SUBSTANTIAL SHAREHOLDERS

主要股東持股情況

As of 30 June 2016, save as the Company’s Directors, supervisors and chief executives, the following corporations and individuals had interests and/or short positions in the Company’s shares, underlying shares, securities, equity derivatives and/or debentures, which are required to be recorded in the register of members maintained by the Company pursuant to section 336 of the SFO:

截至2016年6月30日，除本公司董事、監事 及最高行政人員以外，以下公司及人士擁有 本公司的股份、相關股份、證券、股本衍生 工具及╱或債券中的權益及╱或淡倉，且該 等權益及╱或淡倉須根據證券及期貨條例第 336條須於本公司備存的登記冊所記錄：

			Percentage of
			total issued
	Interest owners	Shares	share capital
			佔已發行股本
	權益持有人	股份	總數百分比
1	Shenzhen Jinma Asset Management Company Limited	600,000,000 domestic shares	40.83%
	(“Shenzhen Jinma”)
	深圳市金馬資產管理有限公司（「深圳金馬」）	600,000,000股內資股
2	Ma Zhong Hong (note 1)	600,000,000 domestic shares	40.83%
	馬鐘鴻（附註1）	600,000,000股內資股
3	Lin Wei Cheng (note 2)	600,000,000 domestic shares	40.83%
	林偉成（附註2）	600,000,000股內資股
4	HKSCC Nominees Limited (note 3)	603,951,690 H shares (listed shares)	41.10%
	香港中央結算（代理人）有限公司（附註3）	603,951,690股H股（上市股份）

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36

Other Information 其他資料

Notes:

1. Ma Zhong Hong is a PRC legal person who holds 90% equity interests in Shenzhen Jinma. Pursuant to Section 316 of the SFO, Ma Zhong Hong is also deemed to be interested in the underlying shares of the Company held by Shenzhen Jinma.

2. Lin Wei Cheng is a PRC legal person who holds 10% equity interests in Shenzhen Jinma. Pursuant to Section 316 of the SFO, Lin Wei Cheng is also deemed to be interested in the underlying shares of the Company held by Shenzhen Jinma.

3. As notified by HKSCC Nominees Limited, as of 30 June 2016, the following participants of CCASS had interests amounting to 5.00% or more of the total issued H shares of the Company as shown in the securities accounts in CCASS:

4. (1) The Hongkong and Shanghai Banking Corporation Limited as nominee holds 93,601,740 H shares, representing 15.46% of the issued H shares of the Company.

5. (2) Bank of China (Hong Kong) Limited as nominee holds 56,570,000 H shares, representing 9.34% of the issued H shares of the Company.

6. (3) Ever-Long Securities Company Limited as nominee holds 46,152,000 H shares, representing 7.62% of the issued H shares of the Company.

7. (4) Standard Chartered Bank (Hong Kong) Limited as nominee holds 33,700,000 H shares, representing 5.56% of the issued H shares of the Company.

8. (5) Qian Hai Securities Limited as nominee holds 33,134,000 H shares, representing 5.47% of the issued H shares of the Company.

9. (6) Hung Sing Securities Limited as nominee holds 31,228,000 H shares, representing 5.15% of the issued H shares of the Company.

Save as disclosed above, as at 30 June 2016, the Company has not been notified of any interests and/or short positions in shares, underlying shares, securities, equity derivatives and/or debentures of the Company which are required to be recorded in the register maintained in accordance with section 336 of the SFO.

附註︰

1. 馬鐘鴻是在中國法人，於深圳金馬持有90% 權益。根據證券及期貨條例第316條，馬鐘鴻 亦被當作在深圳金馬持有的本公司相關股份中 擁有權益。

2. 林偉成是在中國法人，於深圳金馬持有10% 權益。根據證券及期貨條例第316條，林偉成 亦被當作在深圳金馬持有的本公司相關股份中 擁有權益。

3. 根據香港中央結算（代理人）有限公司的通知， 截至2016年6月30日，下列中央結算系統參與 者在中央結算系統股票戶口內持有本公司已發 行H股股份總數的5.00%或以上：

4. (1) 香港上海滙豐銀行有限公司代理持有 93,601,740股H股，佔本公司已發行 H股15.46%。

5. (2) 中國銀行（ 香港）有限公司代理持有 56,570,000股H股，佔本公司已發行 H股的9.34%。

6. (3) 長雄證券有限公司代理持有 46,152,000股H股，佔本公司已發行 H股的7.62%。

7. (4) 渣打銀行（香港）有限公司代理持有 33,700,000股H股，佔本公司已發行 H股的5.56%。

8. (5) 前海證券有限公司代理持有 33,134,000股H股，佔本公司已發行 H股的5.47%。

9. (6) 鴻昇證券有限公司代理持有 31,228,000股H股，佔本公司已發行 H股的5.15%。

除上述披露外，本公司於2016年6月30日並 未接獲有任何須按證券及期貨條例第336條須 於備存的登記冊所記錄之本公司股份、相關 股份、證券、股本衍生工具及╱或債券中的 權益及╱或淡倉。

2016中期報告 瀋陽公用發展股份有限公司 37

Glossary 專用詞彙

In this report, unless the context otherwise requires, the following expressions shall have the following respective meanings.

於本報告，除文義另有所指，以下詞彙具有 以下涵義。

“Board” the board of Directors 「董事會」 董事會 “Chaozhou Jinshan” Chaozhou Jinshan Investment and Development Company Limited 「潮州金山」 潮州市金山投資開發有限公司 “Cheng He Chuang Jian” Shenzhen Cheng He Chuang Jian Investment Development Company Limited, a wholly-owned subsidiary of the Company 「城合創建」 深圳市城合創建投資發展有限公司，本公司全資附屬公司 “Chung Hwa Finance“ Chung Hwa Finance Limited (formerly known as Newpont Finance Limited), a subsidiary of the Company 「中華信貸」 中華信貸有限公司（前稱新邦信貸有限公司），本公司附屬公司 “Company” Shenyang Public Utility Holdings Company Limited 「本公司」 瀋陽公用發展股份有限公司 “Director(s)” the directors of the Company 「董事」 本公司董事 “Domestic Shares” domestic shares with a nominal value of RMB1 each in the share capital of the Company which are subscribed for in RMB 「內資股」 本公司股本中每股面值人民幣1元的內資股，以人民幣認購 “General Mandate 2015” the general mandate granted to the Directors by the Shareholders at the annual general meeting of the Company held on 24 June 2015, pursuant to which the Directors are authorised to allot, issue and deal with each of the H-Shares and Domestic Shares with an aggregate nominal amount of up to but not exceeding 20% of the then aggregate nominal amount of H-Shares and Domestic Shares, respectively 「2015一般授權」 於本公司2015年6月24日舉行的股東週年大會上獲股東授予董事的一般 授權，據此，董事獲授權配發、發行及處理總面值最高但不超過H股及 內資股當時總面值20%的H股及內資股

“Group” the Company and its subsidiaries 「本集團」 本公司及其附屬公司

“Hai Yue Real Estate” Guangzhou Hai Yue Real Estate Development Company Limited* 「海粵房地產」 廣州海粵房地產發展有限公司

“Hong Kong” the Hong Kong Special Administrative Region of the People’s Republic of China 「香港」 中華人民共和國香港特別行政區

“Hou Feng” Shenzhen Hou Feng Trading Company Limited* 「厚豐」 深圳市厚豐貿易有限公司

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Glossary 專用詞彙

“H-Shares” overseas listed foreign ordinary share(s) of the Company with a nominal value of RMB1 each, all of which are listed on the main board of the Stock Exchange and subscribed for and traded in Hong Kong dollars 「H股」 本公司股本中每股面值人民幣1元之境外上市外資普通股，全部均在聯 交所主板上市及以港元認購及買賣 “Independent Third Party(ies)” the independent third party(ies) who is/are, to the best of the Directors’ knowledge, information and belief having made all reasonable enquiry, independent of the Company and its connected persons (as defined under the Listing Rules) 「獨立第三方」 於作出一切合理查詢後，就董事深知、得悉及確信，獨立於本公司及其 關連人士（定義見上市規則）的獨立第三方 “Kingma Overseas” Kingma Overseas Investment Development Corporate Limited, a wholly-owned subsidiary of the Company 「金馬海外」 金馬海外投資發展有限公司，本公司全資附屬公司 “Listing Rules” the Rules Governing the Listing of Securities on the Stock Exchange 「上市規則」 聯交所證券上市規則 “Model Code” Model Code for Securities Transactions by Directors of Listed Issuers 「標準守則」 上市發行人董事進行證券交易的標準守則 “Period” for the six months ended 30 June 2016 「本期」 截至2016年6月30日止6個月 “PRC” the People’s Republic of China 「中國」 中華人民共和國 “RMB” Renminbi, the lawful currency of the PRC 「人民幣」 中國法定貨幣人民幣 “SFO” Securities and Futures Ordinance (Chapter 571 of the law of Hong Kong) 「證券及期貨條例」 證券及期貨條例（香港法例571章） “Share” H-Share(s) and Domestic Share(s) 「股份」 H股及內資股 “Shareholders” holders of the H-Shares and Domestic Shares 「股東」 H股及內資股持有人 “Sichuang Overseas” Sichuang Overseas Investment Development Corporation Limited, a wholly-owned subsidiary of the Company 「思創海外」 思創海外投資發展有限公司，本公司全資附屬公司 “Shenzhen Hui Ye Micro Lending” Shenzhen Hui Ye Micro Lending Company Limited 「深圳匯業小額貸款」 深圳市匯業小額貸款有限公司

2016中期報告 瀋陽公用發展股份有限公司 39

Glossary 專用詞彙

“Shenzhen Shen He”

“Shenzhen Shen He” Shenzhen Shen He Chuang Jian Investment Development Company Limited, a wholly-owned subsidiary of the Company 「深圳沈和」 深圳市沈和創建投資發展有限公司，本公司全資附屬公司 “Shenzhen Tong He” Shenzhen Tong He Chuangjian Investment Development Company Limited, a wholly-owned subsidiary of the Company 「深圳同合」 深圳市同合創建投資發展有限公司，本公司全資附屬公司 “Shenzhen Xingma Hongyun” Shenzhen Xingma Hongyun Real Estate Development Co., Ltd*, a joint venture established by Shenzhen Tonghe and Shenzhen Galaxy Real Estate Development Company Limited 「深圳星馬鴻運」 深圳市星馬鴻運房地產開發有限公司，由深圳同合及深圳市星河房地產 開發有限公司成立的合營企業

「深圳沈和」

「深圳同合」

「深圳星馬鴻運」

“Shenzhen Zhonghe”

「深圳眾合」

Shenzhen Zhonghe Chuangjian Investment Development Company Limited*, a wholly-owned subsidiary of the Company 深圳市眾合創建投資發展有限公司，本公司全資附屬公司

“Shishi Shen Guo Tou” 「石獅深國投」

Shishi Shen Guo Tou Commercial Property Company Limited* 石獅深國投商用置業有限公司

“Stock Exchange” 「聯交所」

The Stock Exchange of Hong Kong Limited 香港聯合交易所有限公司

“Tai He Chuang Jian”

「泰合創建」

Shenzhen Tai He Chuang Jian Investment Development Company Limited*, a wholly-owned subsidiary of the Company 深圳泰合創建投資發展有限責任公司，本公司全資附屬公司

“Zhongfang Chaozhou”

「中房潮州」

Zhongfang Chaozhou Investment Development Company Limited*, a wholly-owned subsidiary of the Company 中房潮州投資開發有限公司，本公司全資附屬公司

“Zhongfang Chaozhou Jing Nan Industrial the infrastructure construction project of Jing Nan Industrial Park in Park Project” Chaozhou 「中房潮州徑南工業園項目」 潮州徑南工業園的基建設施建設項目 “2015 Corresponding Period” for the six months ended 30 June 2015 「2015年同期」 截至2015年6月30日止6個月

• For identification purpose only

• 僅供識別

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瀋陽公用發展股份有限公司