1、Stock code:000020,200020 Short Form of the Stock:ST HUAFA-A,ST HUAFA-B Notice No.:2004-23 SHENZHEN HUAFA ELECTRONICS CO.,LTD.SUMMARY OF SEMI-ANNUAL REPORT 2004 OVERSEAS VERSION 1.Important Notice 1.1 The Board of Directors of Shenzhen Huafa Electronics Co.,Ltd.(hereinafter referred to as the Company
2、)and its directors individually and collectively accept responsibility for the correctness,accuracy and completeness of the contents of this report and confirm that there are no material omissions nor errors which would render any statement misleading.The summary of semi-annual report 2004 is abstra
3、cted from the semi-annual report;and f ull text of the semi-annual report is published on the Internet website http:/in the mean time.The investors are suggested to read the full text of semi-annual report to understand more details.1.2 No director stated that he(she)could not ensure the correctness
4、,accuracy and completeness of the contents of the Semi-annual Report or h ad objection for this report.1.3 All directors attended the Board meeting.1.4 The semi-annual financial report of the Company has not been audited.1.5 Chairman of the Board of the Company Mr.Wu Dehua,General Manager Mr.Zhang Y
5、ongcheng,Deputy General Manager Mr.Hu Jianping and Manager of Financial Department Mr.Wang Yiqing hereby confirm that the financial report of the semi-annual report 2004 is true and complete.2.Company Profile 2.1 Basic information Short form of the stock ST HUAFA-A,ST HUAF A-B Stock code 000020,2000
6、20 Listed stock exchange Shenzhen Stock Exchange Secretary of the Board of Directors Securities Affairs Representative Name Hu Jianping Liu Yang Contact address 6th Floor,411 Bldg.,Huafa North Road,Futian District,Shenzhen 6th Floor,411 Bldg.,Huafa North Road,Futian District,Shenzhen Telephone(86)75
7、5-83352207(86)755-83352207 Fax(86)755-83323169(86)755-83323169 E-mail 2.2 Major financial data and indexes 2.2.1 Major accounting data and financial indexes Unit:RMB000 Items At the end of this report period At the end of last year Current assets 181,154 185,729 Current liabilities 189,644 199,802 T
8、otal assets 464,292 476,381 Shareholders equity 274,648 276,579 Net assets per share 0.97 0.98 Items In this report period(Jan.to Jun.2004)The same period of last year Operating income 68,628 53,595 Gross profit 11,319 10,629 Loss-1,931-1,956 Loss per share(RMB)-0.0068-0.0069 Net cash arising from o
9、perating activities 13,816 11,500 2.2.2 Difference of the CAS and IAS Applicable Inapplicable Unit:RMB000 CAS IAS Net profit-1,931-1,931 Accounting statement of the Company as prepared according to Chinese Accounting Standards and System and IFRS respectively was no difference except for the differe
10、nce in classification of the certain items in the accounting statement.3.Changes in Share Capital and Particulars about Shareholders 3.1 Statement of change in shares Applicable Inapplicable 3.2 Particulars about shares held by the top ten shareholders Unit:share Total shareholders at the end of rep
11、ort period 32,640 Particulars about shares held by the top ten shareholders Full name of shareholders Increase/decrease in this report period Shares held at the period-end Proportion(%)Type of shares(circulating or non-circulating)Number of share pledged or frozen Nature of shareholders(state-owned
12、shareholder or foreign shareholder)SHENZHEN SEG GROUP CO.,LTD.0 62,462,914 22.06 Non-circulating 15,920,610 Shareholder of state-owned share CHINA ZHENHUA ELECTRONICS GROUP CO.LTD.0 62,462,914 22.06 Non-circulating 0 Shareholder of state-owned share SEG(HONG KONG)CO.,LTD.0 16,569,560 5.85 Circulatin
13、g Unknown B-share GOOD HOPE CORNER INVESTMENTS LTD 0 13,900,000 4.91 Circulating Unknown B-share ADVANCE FUTURE GROUP LIMITED 0 3,674,410 1.30 Circulating Unknown B-share BOHAI SECURITIES CO.,LTD.2,481,293 2,481,293 0.88 Circulating Unknown A-share BANK OF CHINA JIASHI GROWTH INCOME SECURITIES INVES
14、TMENT FUND 2,354,162 2,354,162 0.83 Circulating Unknown A-share YIN GANG 215,000 935,145 0.33 Circulating Unknown B-share DBS VICKERS(HONG KONG)LTD A/C CLIENTS 100,000 648,262 0.23 Circulating Unknown B-share CHINA MERCHANTS COMMUNICATION SECURITIES CO.,LTD.520,000 520,000 0.18 Circulating Unknown B
15、-share Particulars about shares held by the top ten shareholders of circulation share Full name of Shareholders Circulation share held at the period-end Type(A-share,B-share,H-share or others)SEG(HONG KONG)CO.,LTD.16,569,560 B-share GOOD HOPE CORNER INVESTMENTS LTD 13,900,000 B-share ADVANCE FUTURE
16、GROUP LIMITED 3,674,410 B-share BOHAI SECURITIES CO.,LTD.2,481,293 A-share BANK OF CHINA JIASHI GROWTH INCOME SECURITIES INVESTMENT FUND 2,354,162 A-share YIN GANG 935,145 B-share DBS VICKERS(HONG KONG)LTD A/C CLIENT 648,262 B-share CHINA MERCHANTS COMMUNICATION SECURITIES CO.,LTD.520,000 B-share RE
17、N YONG RAN 478,400 B-share WANG FU CHANG 475,000 B-share Explanation on associated relationship or consistent actions among the above shareholders The Company was unaware of whether there existed associated relationship among top ten shareholders of circulation share.3.3 Particulars about change in
18、controlling shareholder and actual controller of the Company Applicable Inapplicable 4.Particulars about Directors,Supervisors and Senior Executives 4.1 Particulars about changes in shares held by directors,supervisors and senior executives Applicable Inapplicable 5.Discussion and Analysis of the Ma
19、nagement 5.1 Statement of main operations classified according to products Unit:RMB000 Industries Income from main operations Cost of main operations Gross profit ratio(%)Increase/decrease in income from main operations over the same period of last year(%)Increase/decrease in cost of main operations
20、 over the same period of last year(%)Increase/decrease in gross profit ratio over the same period of last year(%)Color TVs 4,661 5,369-15.20-46.44-43.56-5.88 Circuit boards 41,722 38,959 6.62 81.92 80.94 0.50 Plastic injection hardware 5,821 4,606 20.88 35.45 21.65 8.97 Including:related transaction
21、s 0.00 0.00-Pricing rules for related transactions The Company had no related transaction in the report period.Including:total amount of related transactions that the Company sold products to its controlling shareholder and its subsidiaries was RMB 0 in the report period.5.2 Particulars about main o
22、perations classified according to areas The product sales of the Company were mainly in South China area.5.3 Other operations affecting material influence on net profit Applicable Inapplicable Unit:RMB000 Other operations Gains and losses accrued Proportion in net profit Property lease 8,049-5.4 Ope
23、ration of share-holding companies(applicable to the s ituation where investment earnings takes over 10%of its net profit)Applicable Inapplicable 5.5 Explanation on reasons of material changes in main operations and its structure Applicable Inapplicable 5.6 Explanation on reasons of material changes
24、in profitability capability of main operations(gross profit ratio)than that in the last year Applicable Inapplicable 5.7 Analysis to reasons of material changes in profit structure compared with the previous year Applicable Inapplicable 5.8 Application of the raised proceeds 5.8.1 Use of the raised
25、proceeds Applicable Inapplicable 5.8.2 Particulars about the changed projects Applicable Inapplicable 5.9 Plan of the Board on amending the business plan in the second half of the year Applicable Inapplicable 5.10 Estimation on accumulative net profit from the beginning of the year to the end of nex
26、t report period to be loss probably or the warning of its material change compared with the corresponding period of the last year and explanation on reason Applicable Inapplicable Since price of the raw material,namely circuit boards,continued to increase,it was rather hard for the Company to get pr
27、ofitability in the 3rd quarter,thus it was expected that the Company would be still in losses during January to September 2004.5.11 Explanation of the Management on“Qualified Opinion”from the Certified Public Accountants in the report period Applicable Inapplicable 5.12 Explanation of the Management
28、 on changes and disposal of the issues involved in“Qualified Opinion”from the Certified Public Accountants in the last year Applicable Inapplicable 6.Significant Events 6.1 Acquisition and sales of assets and assets restructure 6.1.1 Assets acquired Applicable Inapplicable 6.1.2 Assets sold Applicab
29、le Inapplicable 6.1.3 Progress of these events and its influence on the operating results and financial status in the report period after the report on assets restructure or public notice on acquisition and sales of assets being published Applicable Inapplicable 6.2 Guarantees Applicable Inapplicabl
30、e 6.3 Current related credits and liabilities Applicable Inapplicable 6.4 Material lawsuits and arbitrations Applicable Inapplicable 6.5 Other significant events and explanation on analysis to their influences and solutions Applicable Inapplicable 7.Financial Report 7.1 Auditing opinion Financial Re
31、port Unaudited Audited Auditing opinion Unqualified Qualified Unaudited 7.2 Income statement of comparative consolidation and parent company Consolidated Income Statement For the Six Months Ended 30th June 2004(Expressed in RMB Thousand Yuan)Six months ended 30th June 2004 2003 RMB 000 RMB 000 Reven
32、ue 68,628 53,595Cost of sales(57,309)(42,916)Gross profit 11,319 10,629Other revenue 853 735Selling and distribution costs(1,701)(1,308)Administrative expenses(8,069)(8,887)Other operating expenses(895)(22)Profit from operations 1,507 1,197Net finance costs(3,438)(3,153)Net loss from ordinary activities before taxation(1,931)(1,956)Income tax expenses-Loss attributable to shareholders(1,931)(1,956)Loss per share Basic(RMB0.0068)(RMB0.0069)Board of Directors of Shenzhen Huafa Electronics Co.,Ltd.Aug.4,2004
