Interim Report
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中期報告 Interim Report (H股股份代號:0 5 5 3 ) (H Share Stock Code : 0 5 5 3 ) (A股股份代號:600775) (A Share Stock Code : 600775) Interim Report 2016 中 期 報 告 CONTENTS Important Notices Contents ................................................................................................. 1 Section I Definitions ......................................................................................... 2 Section II Company Profile .................................................................................... 3 Section III Accounting Data and Financial Indicators Highlights ......................................................... 5 Section IV Report of the Board of Directors ........................................................................ 7 Section V Significant Events ................................................................................... 17 Section VI Changes in Share Capital and Information of Shareholders .................................................... 28 Section VII Relevant Information on Preferred Shares ................................................................. 31 Section VIII Profiles of Directors, Supervisors and Senior Management .................................................... 31 Section IX Relevant Information of Corporate Bonds ................................................................. 33 Section X Financial Report .................................................................................... 34 Section XI Documents Available for Inspection...................................................................... 148 IMPORTANT NOTICES 1. The board of directors (the “Board”), the supervisory committee, the directors (the “Directors”), supervisors and senior management of the Company confirm that the information in this Interim Report is true, accurate and complete and does not contain any false representation, misleading statement or material omission, and jointly and severally accept full responsibility for the contents herein. 2. All Directors attended the ninth meeting of the eighth session of the Board of the Company held on 30 August 2016. 3. The interim financial report of the Company is unaudited. 4. Mr. Xia Dechuan, the Head of the Company, Mr. Shen Jianlong, the Chief Accountant, and Ms. Liu Xianfang, the Head of the Accounting Department (person in charge of accounting matters), declared that they confirmed the truthfulness, accuracy and completeness of the financial report contained in the Interim Report. 5. The Company would not make any profit distribution or capitalization of capital reserve for the first half of 2016. 6. This interim report contains forward-looking statements including future plans and development strategies, which do not constitute actual commitments of the Company to investors. Investors are advised to pay attention to the investment risks involved. 7. Neither the Company’s controlling shareholder nor any of its related parties has misappropriated the Company’s funds for non- operating purposes. 8. The Company did not provide external guarantees in violation of any stipulated decision-making procedures. INTERIM REPORT 2016 1 NANJING PANDA ELECTRONICS COMPANY LIMITED SECTION I DEFINITIONS I. DEFINITIONS Unless otherwise stated in context, the following terms shall have the following meanings in this report: Definitions of frequently-used terms Company Nanjing Panda Electronics Company Limited (南京熊猫電子股份有限公司) Group Nanjing Panda Electronics Company Limited and its subsidiaries PEGL Panda Electronics Group Limited (熊猫電子集團有限公司) PEGL Group Panda Electronics Group Limited and its subsidiaries NEIIC Nanjing Electronics Information Industrial Corporation (南京中電熊猫信息產業集 團有限公司) NEIIC Group Nanjing Electronics Information Industrial Corporation and its subsidiaries CEC China Electronics Corporation (中國電子信息產業集團有限公司) CEC Group China Electronics Corporation and its subsidiaries Financial Company China Electronics Financial Co., Ltd. (中國電子財務有限責任公司) China Electronics Leasing Company China Electronics Commercial Financial Leasing Co., Ltd. (中電通商融資租賃有 限公司) Shenzhen Jinghua Shenzhen Jinghua Electronics Co., Ltd. (深圳市京華電子股份有限公司) Electronics Equipment Company Nanjing Panda Electronics Equipment Co., Ltd. (南京熊猫電子裝備有限公司) Information Industry Company Nanjing Panda Information Industry Co., Ltd. (南京熊猫信息產業有限公司) Electronic Manufacture Company Nanjing Panda Electronic Manufacture Co., Ltd. (南京熊猫電子製造有限公司) Communications Technology Company Nanjing Panda Communications Technology Co., Ltd. (南京熊猫通信科技有限 公司) Technology Development Company Nanjing Panda Electronic Technology Development Company Limited (南京熊猫 電子科技發展有限公司) China Huarong China Huarong Asset Management Co., Ltd. (中國華融資產管理股份有限公司) China Great Wall China Great Wall Asset Management Corporation (中國長城資產管理公司) CSRC China Securities Regulatory Commission SFC Securities and Futures Commission of Hong Kong Shanghai Stock Exchange Shanghai Stock Exchange Hong Kong Stock Exchange The Stock Exchange of Hong Kong Limited Company Law Company Law of the People’s Republic of China Securities Law Securities Law of the People’s Republic of China Articles of Association Articles of Association of Nanjing Panda Electronics Company Limited 2 INTERIM REPORT 2016 NANJING PANDA ELECTRONICS COMPANY LIMITED SECTION II COMPANY PROFILE I. Corporate Information Chinese Name of the Company 南京熊猫电子股份有限公司 Abbreviation of the Chinese Name 南京熊猫 English Name of the Company Nanjing Panda Electronics Company Limited Abbreviation of the English Name NPEC Legal Representative of the Company Xia Dechuan (Executive Director, General Manager) II. Contact persons and contact methods Secretary to the Board Securities Affairs Representative Name Shen Jianlong Wang Dongdong Correspondence Address 7 Jingtian Road, Nanjing, the People’s 7 Jingtian Road, Nanjing, the People’s Republic of China Republic of China Telephone (86 25) 84801144 (86 25) 84801144 Facsimile (86 25) 84820729 (86 25) 84820729 Email [email protected] [email protected] III. Changes in basic information Registered Address Level 1–2, Block 5, North Wing, High and New Technology Development Zone, Nanjing, the People’s Republic of China Postal Code 210032 Office Address 7 Jingtian Road, Nanjing, the People’s Republic of China Postal Code 210033 Company website http://www.panda.cn Email [email protected] Information of the Changes during the Reporting Period N/A IV. Changes in place for information disclosure and inspection Designated Newspaper for Information Disclosure Shanghai Securities News, China Securities Journal Internet Websites for Publication of the Company’s Shanghai Stock Exchange: http://www.sse.com.cn Interim Report and Information Disclosure Hong Kong Stock Exchange: http://www.hkex.com.hk Place for Inspection of the Company’s Interim Report Office of Secretary to the Board of Directors, 7 Jingtian Road, Nanjing, the People’s Republic of China Information of the Changes during the Reporting Period N/A INTERIM REPORT 2016 3 NANJING PANDA ELECTRONICS COMPANY LIMITED V. Information of the Company’s shares Overview of the Company’s shares Place of listing of Stock Stock Stock abbreviation Type of shares the Company’s shares abbreviation code before changes A Shares Shanghai Stock Exchange Nanjing Panda 600775 N/A H Shares Hong Kong Stock Exchange Nanjing Panda 00553 N/A VI. Changes in registration of the Company during the reporting period There is no change in registration of the Company during the Reporting Period. The Company has obtained the updated business license and the unifying society credit code is 91320100134974572K. VII. Other Related Information Domestic auditors of Name Baker Tilly China (Special General Partnership) the Company Office address 2/F, Tower B, Huatong Building, No. 19 Chegongzhuang Road West Yi, Haidian District, Beijing, the PRC Names of signing accountants Wang Chuanbang, Zhou Weiying Overseas auditors of Name Baker Tilly Hong Kong Limited the Company Office address 2nd Floor, 625 King’s Road, North Point, Hong Kong Names of signing accountants Edmond Chan Long-term domestic legal Name Yongheng Partners advisers Office address 13/F, Changfa Science & Technology Building, 222 Zhujiang Road, Nanjing, the PRC Long-term overseas legal Name Philip K. H. Wong, Kennedy Y. H. Wong & Co., Solicitors advisers Office address 23rd Floor, Admiralty Centre Tower II, 18 Harcourt Road, Queensway, Hong Kong Share Registrars and Name China Securities Depository and Clearing Corporation Limited Transfer Office (A shares) Shanghai Branch Office address 36/F, China Insurance Building, 166 East Lu Jia Zui Road, Xin Qu, Pudong, Shanghai, the PRC Share Registrars and Name Hong Kong Registrars Limited Transfer Office (H shares) Office address 46th Floor, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong Principle Bankers Bank of Communications, Shanghai Pudong Development Bank, China Merchants Bank, Bank of Nanjing Note: As at 30 June 2016, the contract entered into by the Company and Yongheng Partners, the long-term domestic legal adviser, expired and the service thereunder was terminated. On the same day, the Company entered into a service contract with Grandall Law Firm, Nanjing Office, pursuant to which, Grandall Law Firm, Nanjing Office was appointed as the long-term domestic legal adviser with effect from 1 July 2016. 4 INTERIM REPORT 2016 NANJING PANDA ELECTRONICS COMPANY LIMITED SECTION III ACCOUNTING DATA AND FINANCIAL INDICATORS HIGHLIGHTS I. Major accounting data and financial indicators of the Company (prepared in accordance with the PRC Accounting Standards of Business Enterprises)