深圳市深粮控股股份有限公司 2020 年年度报告全文 深圳市深粮控股股份有限公司 SHENZHEN CEREALS HOLDINGS CO.,LTD. ANNUAL REPORT 2020 April 2021 1 深圳市深粮控股股份有限公司 2020 年年度报告全文 Section I. Important Notice, Contents and Interpretation Board of Directors, Supervisory Committee, all directors, supervisors and senior executives of SHENZHEN CEREALS HOLDINGS CO.,LTD. (hereinafter referred to as the Company) hereby confirm that there are no any fictitious statements, misleading statements, or important omissions carried in this report, and shall take all responsibilities, individual and/or joint, for the reality, accuracy and completion of the whole contents. Chairman of the Company Zhu Junming, General Manager Hu Xianghai, Head of Accounting Jin Zhenyuan and Head of Accounting Institution (Accounting Supervisors) Wen Jieyu hereby confirm that the Financial Report of Annual Report 2020 is authentic, accurate and complete. All Directors are attended the Board Meeting for deliberation of this Report. Concerning the forward-looking statements with future planning involved in the annual report, they do not constitute a substantial commitment for investors, Securities Times, China Securities Journal, Hong Kong Commercial Daily and Juchao Website (www.cninfo.com.cn) are the media appointed by the Company for information disclosure, all information of the Company disclosed in the above mentioned media should prevail. Investors are advised to exercise caution of investment risks. The Company has analyzed the risk factors that the Company may exist and its countermeasures in the report, investors are advised to pay attention to read “Prospect for future development of the Company” in the report of Section IV-Discussion and Analysis of the Operation. This report has been prepared in Chinese and English version respectively. In the event of difference in interpretation between the two versions, Chinese report shall prevail. 2 深圳市深粮控股股份有限公司 2020 年年度报告全文 The profit distribution plan deliberated and approved by the Board Meeting was: distributed cash bonus of 2 yuan (tax included) for every 10 shares held by whole shareholders based on the 1,152,535,254, zero share(tax included) for bonus and no transfer of public reserves into share capital either. 3 深圳市深粮控股股份有限公司 2020 年年度报告全文 Contents Section I. Important Notice, Contents and Interpretation .......................................................... 2 Section II Company Profile and Main Financial Indexes ............................................................ 6 Section III Summary of Company Business................................................................................11 Section IV. Discussion and Analysis of the Operation ................................................................ 15 Section V. Important Events ....................................................................................................... 36 Section VI. Changes in Shares and Particulars about Shareholders......................................... 69 Section VII. Preferred Stock ....................................................................................................... 76 Section VIII. Convertible Bonds ................................................................................................. 77 Section IX. Particulars about Directors, Supervisors, Senior Executives and Employees ....... 78 Section X. Corporate governance ............................................................................................... 88 Section XI. Corporate Bond ....................................................................................................... 96 Section XII. Financial Report ..................................................................................................... 97 Section XIII. Documents available for Reference .................................................................... 287 4 深圳市深粮控股股份有限公司 2020 年年度报告全文 Interpretation Items Refers to Contents SZCH/Listed Company /the Company/ Refers to Shenzhen Cereals Holdings Co., Ltd. Shenshenbao/Shenbao Company Refers to Shenzhen Shenbao Industrial Co., Ltd. SZCG Refers to Shenzhen Cereals Group Co., Ltd Doximi Refers to Shenliang Doximi Business Co., Ltd. Flour Company, Flour Factory Refers to Shenzhen Flour Co., Ltd Shenliang Quality Inspection Refers to Shenliang Quality Inspection Co., Ltd. Dongguan Logistics Refers to Dongguan Shenliang Logistics Co., Ltd. Dongguan Food Industrial Park Refers to Dongguan International Food Industrial Park Development Co., Ltd. Shenbao Huacheng Refers to Shenzhen Shenbao Huacheng Technology Co., Ltd. Food Materials Group Refers to Shenzhen Food Materials Group Co., Ltd Fude Capital Refers to Shenzhen Fude State Capital Operation Co., Ltd. Agricultural Products Refers to Shenzhen Agricultural Products Group Co., Ltd SIHC Refers to Shenzhen Investment Holdings Co., Ltd. Shenzhen Municipal People’s Government State-owned Assets Shenzhen SASAC Refers to Supervision & Administration Commission CSRC Refers to China Securities Regulation Commission SSE Refers to Shenzhen Stock Exchange BDO CPAs Refers to BDO China Shu Lun Pan Certified Public Accountant LLP Article of Association Refers to Article of Association of Shenzhen Cereals Holdings Co., Ltd. RMB/10 thousand Yuan Refers to CNY/ten thousand Yuan 5 深圳市深粮控股股份有限公司 2020 年年度报告全文 Section II Company Profile and Main Financial Indexes I. Company information Short form for share SZCH, Shenliang B Stock code 000019, 200019 Listing stock exchange Shenzhen Stock Exchange Chinese name of the 深圳市深粮控股股份有限公司 Company Abbr. of Chinese name of 深粮控股 the Company English name of the SHENZHEN CEREALS HOLDINGS CO.,LTD Company(if applicable) Legal Representative Zhu Junming 8/F, Tower B, No.4 Building, Software Industry Base, South District, Science & Technology Registrations add. Park, Xuefu Rd., Yuehai Street, Nanshan District, Shenzhen Code for registrations add 518057 Offices add. 13/F, Tower A, World Trade Plaza, No.9 Fuhong Rd., Futian District, Shenzhen Codes for office add. 518033 Company’s Internet Web www.slkg1949.com Site E-mail [email protected] II. Person/Way to contact Secretary of the Board Rep. of security affairs Name Chen Xiaohua Chen Kaiyue, Liu Muya 13/F, Tower A, World Trade Plaza, No.9 Fuhong 13/F, Tower A, World Trade Plaza, No.9 Fuhong Rd., Contact add. Rd., Futian District, Shenzhen Futian District, Shenzhen Tel. 0755-83778690 0755-83778690 Fax. 0755-83778311 0755-83778311 E-mail [email protected] [email protected], [email protected] III. Information disclosure and preparation place Securities Times; China Securities Journal and Hong Kong Commercial Newspaper appointed for information disclosure Daily Website for annual report publish appointed by Juchao Website: www.cninfo.com.cn CSRC 6 深圳市深粮控股股份有限公司 2020 年年度报告全文 Preparation place for annual report Office of the Board of Directors IV. Registration changes of the Company Organization code 91440300192180754J On February 18, 2019, the company completed the registration procedures of Changes of main business since listing changes in industry and commerce for business scope and other matters. The main (if applicable) business has newly increased the modern food supply chain services as grain & oil trading, processing, storage and logistics. On 10 September 1999, Shenzhen Investment Management Co., Ltd. entered into the “Equity Transfer Agreement of Shenzhen Shenbao Industrial Co., Ltd.” with Agricultural Products for 58,347,695 shares of the Company (35% in total shares of the Company) transfer to Agricultural Products with price of RMB 1.95 per share. Agricultural Products comes to the first majority shareholder of the Company after Previous changes for controlling transfer and procedures for the above equity transfer has completed in June 2003. shareholders (if applicable) On April 3, 2018, Shenzhen Investment Holdings Co., Ltd. completed the transfer of all of its 79,484,302 shares of A shares in the company to Food Materials Group. After the completion of the equity transfer, Food Materials Group directly holds 79,484,302 shares of A shares in the company (accounting for 16% of the company’s original total share capital) and controls 19.09% shares of the company through Agricultural Products, becoming the controlling shareholder of the company. V. Other relevant information CPA engaged by the Company Name of CPA BDO China Shu Lun Pan Certified Public Accountant LLP BDO CPAs, 5/F, No.11 Building, Phase II q-plex, No. 4080, Qiaoxiang Rd., Nanshan Offices add. for CPA District, Signing Accountants Qi Tao, Tao Guoheng Sponsor engaged by the Company for performing continuous supervision duties in reporting period □ Applicable √ Not applicable Financial consultant engaged by the Company for performing continuous supervision duties in reporting period □ Applicable √ Not applicable VI. Main accounting data and financial indexes Whether it has retroactive adjustment or re-statement on previous accounting data or not □Yes √No 2020 2019 Changes over last year 2018 Operating revenue (RMB) 11,884,527,506.34 11,059,984,335.92 7.46% 10,758,782,838.14 Net profit attributable to 405,088,385.54 363,501,809.52 11.44% 308,331,032.44 shareholders of the listed 7 深圳市深粮控股股份有限公司 2020 年年度报告全文 Company(RMB) Net profit attributable to shareholders of the listed Company 374,210,363.49 350,898,272.66 6.64% -70,825,168.94 after deducting non-recurring gains and losses(RMB) Net cash flow arising from 286,528,222.27 190,053,823.97 50.76% 299,103,635.58 operating activities(RMB) Basic earnings per share 0.3515 0.3154 11.45% 0.2675 (RMB/Share) Diluted