Stockcode:000022/200022 Stockname:ChiwanWharfA/ChiwanWharfB AnnouncementNo.2016-033 ShenzhenChiwanWharfHoldingsLimited AbstractofSemi-annualReport2016 1.Importantreminders Thisabstractisbasedonthefulltextofthesemi-annualreport.Formoredetails,investorsaresuggestedtoreadthefulltextdisclosedatthesametimewiththisabstractonhttp://www.cninfo.com.cn,thewebsiteofShenzhenStockExchangeoranyotherwebsitedesignatedbytheCSRC. ThisreportispreparedinbothChineseandEnglish.Shouldtherebeanydiscrepancybetweenthetwoversions,theChineseversionshallprevail. Companyprofile Stockname ChiwanWharfA,ChiwanWharfB Stockcode 000022,200022 Stockexchange ShenzhenStockExchange Contactinformation BoardSecretary SecuritiesRepresentative Name Mr.WangYongli Ms.HuJingjingandMs.ChenDan Tel. +8675526694222 +8675526694222 Fax +8675526684117 +8675526684117 E-mail cwh@szcwh.com cwh@szcwh.com 2.Financialhighlightsandchangeofshareholders （1）Financialhighlights DoestheCompanyadjustretrospectivelyorrestateaccountingdataofpreviousyearsduetochangeofthe accountingpolicyorcorrectionofanyaccountingerror □Yes√No Reportingperiod Sameperiodoflastyear YoY+/-（％） Operatingrevenues(RMB) 904,809,652.24 880,788,008.78 2.73% Netprofitattributabletoshareholdersofthe 266,535,506.97 241,977,372.34 10.15% Company(RMB) Netprofitattributabletoshareholdersofthe Companyafterexcludingextraordinarygains 264,716,384.31 243,763,081.71 8.60% andlosses(RMB) Net cash flows fromoperating activities 368,657,243.80 365,522,514.71 0.86% (RMB) BasicEPS(RMB/share) 0.413 0.375 10.13% DilutedEPS(RMB/share) 0.413 0.375 10.13% WeightedaverageROE(%) 5.88% 5.76% 0.12% Asattheendofthe Asattheendoflastyear +/-（％） reportingperiod Totalassets(RMB) 6,626,761,280.09 6,913,772,876.99 -4.15% Netassetsattributabletoshareholdersofthe 4,445,203,535.69 4,439,600,537.05 0.13% Company(RMB) （2）Shareholdingsofthetop10commonshareholders Unit:share Total number of Totalnumberofpreferenceshareholderswho 36,261shareholders,including26,079A-shareholdersand10,182 shareholdersattheend hadresumedtheirvotingrightattheendofthe 0 B-shareholders ofthereportingperiod reportingperiod(ifany) Shareholdingsoftoptenshareholders(al beingnon-restrictedshareholders) Percentag Numberof Increase/decre Numberof Typeof Pledgedor Natureof eof commonshares aseinthe commonshares shares(A, Nameofshareholder frozen shareholder shareholdi heldatthe reporting heldatthe B,Hor shares ng period-end period period-end other) CHINA NANSHAN DEVELOPMENTState-owned 32.52% 209,687,067 0 0 209,687,067 A-share (GROUP)INC. corporation Common SHENZHENMALAISTORAGECO.,LTD. domestic 25% 161,190,933 0 0 161,190,933 A-share corporation Foreign KEENFIELDENTERPRISESLIMITED 8.58% 55,314,208 0 0 55,314,208 B-share corporation CMBLSAREFTIFTEMPLETONASIAN Foreign 7.43% 47,914,954 0 Unknown 47,914,954 B-share GRWFDGTI5496 corporation 3,769,399 A-share Domestic ZHUWUGUANG 0.62% 3,973,723 3,781,499 Unknown individual 204,324 B-share Foreign CMBNA/STICHTINGPENSFNDABP 0.54% 3,463,503 0 Unknown 3,463,503 B-share corporation BBHA/CVANGUARDEMERGING Foreign 0.41% 2,617,518 0 Unknown 2,617,518 B-share MARKETSSTOCKINDEXFUND corporation Foreign TEMPLETONASIANGROWTHFUND 0.39% 2,534,858 -122,994 Unknown 2,534,858 B-share corporation CHINAMERCHANTSSECURITIES(HK) State-owned 0.33% 2,111,462 175,886 Unknown 2,111,462 B-share CO.,LTD. corporation Foreign NORGESBANK 0.26% 1,660,562 579,100 Unknown 1,660,562 B-share corporation ChinaMerchantsHoldings(International)CompanyLimited(CMHI)*isashareholder ofChinaNanshanDevelopment(Group)Inc.ShenzhenMalaiStorageCo.,Ltd.and Explanationonassociatedrelationshipor/andpersonsactingKeenFieldEnterprisesLimitedarebothwholly-fundedsubsidiariesofCMHI.Other inconcertamongtheabove-mentionedshareholders: thanthat,theCompanydoesnotknowwhethertheothernon-restrictedshareholders arerelatedpartiesornot. *ChinaMerchantsHoldings(International)CompanyLimitedhasofficiallychangeditsnameto“ChinaMerchantsPortHoldings CompanyLimited”(“CMPort”forshort)on10August2016. （3）Shareholdingsofthetop10preferenceshareholders □Applicable√Notapplicable Wehadnopreferencesharesduringthereportingperiod. （4）Changeofthecontrollingshareholderortheactualcontroller Changeofthecontrollingshareholderinthereportingperiod □Applicable√Notapplicable Ourcontrollingshareholderdidnotchangeduringthereportingperiod. Changeoftheactualcontrollerinthereportingperiod □Applicable√Notapplicable Ouractualcontrollerdidnotchangeduringthereportingperiod. 3.Discussionandanalysisbythemanagement Weareprincipallyengagedinthehandling,warehousingandtransportationofcontainersandbulkcargoes,aswellastheprovisionofrelatedservices.Wehave6containerberthsand7bulkcargoberthsinChiwanPort(Shenzhen),3containerberthsinMawanPort(Shenzhen)and5bulkcargoberthsinMachongPort(Dongguan).WealsohaveaninvestmentinLaizhouWharfinShandongProvince. Thefirsthalfof2016sawaweakrecoveryoftheglobaleconomyandincreasedvolatilityinthefinancialmarket.AsChinasteadilypushedforwarditssupply-sidestructuralreformandtransformation,itseconomicgrowthfurthersloweddownto6.7%.Withsluggishdemand,China’stotalvolumeofforeigntradedropped8.7%fromthesameperiodoflastyear.Growthinthewharfindustrywasataslowpace.ThecargothroughputofChina’scoastalwharfsabovethedesignatedsizewentup1.7%yearonyear. Themainindicatorsofourproductionandoperationinthereportingperiodallregisteredgrowth:acargothroughputof32.585milliontons(ayear-on-yearincreaseof2.0%,slightlyhigherthanthenationalaverage),operatingrevenuesofRMB905million(ayear-on-yearincreaseof2.73%),totalprofitofRMB384million(ayear-on-yearincreaseof11.54%),andnetprofitattributabletotheCompanyofRMB267million(ayear-on-yearincreaseof10.15%). 1.Containerhandlingbusiness Growthintheglobalcontainercapacitysignificantlysloweddownto3.9%,butovercapacityremained.Withlowerearningsforshippingcompanies,theshippingallianceswereonthevergeofareshuffle.Inthereportingperiod,containerthroughputofmainportsinSouthChinadeclined2.7%yearonyear.PortsinShenzhenachievedacontainerthroughputof11.436millionTEU,down1.2%fromayearearlier.Thankstooureffortsinstrengtheningbusinessexpansionandlookingfornewshippingroutestominimizetheimpactofthealliancereshuffle,wemanagedtomaintainastablenumberofshippingroutes.Meanwhile,weupgradedourlogisticsservicebydevelopingourbargebusinesstoattractcargosfromthehinterland.Asaresult,thenumberoftransitcontainersfromthePearlRiverDeltarose9.7%ascomparedtothesameperiodoflastyear.Amidincreasing localcompetition,wehandled2.444millionTEUofcontainers,up5.5%onayear-on-yearbasis,accountingfor21%oftheShenzhenportmarket,1percentagepointhigherthanthesameperiodoflastyear. 2.Bulkcargohandlingbusiness Duetoaweakmarketandthegovernment’sde-stockingpolicy,China’simportsofgrainandfertilizerbothdecreasedinthefirsthalfoftheyear.Wehadtoworkhardtoexpandourinboundgrainandfeedstuffhandlingbusiness.Andoureffortwasrewardedbya2.0%increaseinourgrainandfeedstuffthroughputdespitea6.7%decreaseintheregion’stotalinboundgrainandfeedstuff,whichmeanswearestillaleaderinthePearlRiverDeltainthisrespect.Meanwhile,duetoaweakdemandandhighportcapacity,ourthroughputoffertilizerdropped16.6%onayear-on-yearbasis.Tosumup,weachievedabulkcargothroughputof8.567milliontonsinthereportingperiod,down2.2%fromayearearlier. 3.Supportingservicesandinvestmentmanagement Our supporting servicesof towtruck,tugboat,customsclearance,bargeandthelikewentonsmoothly. Meanwhile,ourmaininvesteessuchasChinaOverseasHarbourAffairs(Laizhou)Co.,Ltd.,ChinaMerchantsBondedLogisticsCo.,Ltd.andChinaMerchantsHoldings(International)InformationTechnologyCo.,Ltd.achievedgreatlyimprovedbusinessresults,producingmuchhigherreturnsonourinvestmentsfromayearearlier.Ourbusinesshighlightsaresetoutasfollows: Reportingperiod Sameperiodoflastyear Mainbusinessindicator YoY+/-% (January-June2016) (January-June2015) Totalthroughput(thousandtons) 32,585 31,956 2.0% Amongwhich: 2,444 2,316 5.5% Containerthroughput(thousandTEU) Bulkcargothroughput(thousandtons) 8,567 8,758 -2.2% Hourschargedfortowtrucks(thousandhours) 547 539 1.5% Hourschargedfortugboats(hour) 16,790 15,609 7.6% Inthereportingperiod,wecontinuedtopushforwardleanmanagementbylaunchingamanagementinformationplatform.Weencouragedtechniqueandprocessreformandaccomplishedmultipleprojectsoftechnicalinnovation.Theinternalcontrolsystemwasfurtherimprovedinqualityandefficiency.Inaddition,costcontrolwasstrengthened.Asaresult,operatingcostsgrewslowerthanthebusinessvolumedidandouroperatingefficiencywasfurtherincreased. Inthesecondhalfoftheyear,recoveryoftheglobaleconomyisexpectedtocontinuetoslowdown,withmoredownwardpressureonChina’seconomy.Meanwhile,duetoweakdemandandcurrencypressure,China’sforeigntrademayremainsluggish,posingagreatchallengetoourbusinessdevelopment.Intermsofourcontainerhandlingbusiness,growthisdifficultbecauseofthelocalcompetitionandlowertransitdemandasaresultof customers’businessadjustments.Wewillkeepawatchfuleyeonnewadjustmentsoflineralliancesandadoptflexible,effectivebusinesstacticstolookforopportunitiesamidrouteadjustments.Inthemeantime,wewillupgradeourberthstocaterforbiggerandbiggershipsandmaintainstablebusiness.Concerningourbulkcargohandlingbusiness,wecloselyfollowmarketandpolicychanges,pushforwardstrategiccoordinationwithotherlocalwharfsandtrytomaintainstabilityinkeyclientsandrates.Meanwhile,wewillacceleratetheresourceupgradeofourChiwanWharfandtheconstructionofwarehousingfacilitiesinourMachongWharfsoastoincreasetheoverallresourcecapabilityofourwharfsandhelpseekopportunitiesforbusinessgrowthinthesecondhalfoftheyear.Asforinternalmanagement,wewillstrengthencontrolofoperatingrisks,pushforwardalltheworkasplannedandfocusonmaintainingthelevelofearningsbyincreasingourresourceuseefficiencyandeffectivecostcontrol. NomajorchangesoccurredtotheprofitstructureorsourcesoftheCompanyduringthereportingperiod. YoYmovementsinfinancialhighlights: Unit:RMB Reportingperiod Sameperiodoflastyear YoY+/-% Mainreasonsformovements Operatingrevenues 904,809,652.24 880,788,008.78 2.73% - Operatingcosts 492,158,524.59 463,427,511.59 6.20% - Administrative 81,947,868.71 84,201,871.92 -2.68% - expenses Interest cost decreased as the average balance of Financialcosts 14,253,614.35 34,170,800.29 -58.29%interest-bearing debts and the averageloanratedecreased Expiration of the income tax preferentialpolicy(exemptionfor first three years and half Corporate income 49,661,006.76 34,458,531.16 44.12%reductionforsecondthreeyears) taxexpenses ofsubsidiaryDongguanChiwan Wharf CompanyLimitedfrom thisyear R&Dexpenses 15,986,053.06 15,445,960.91 3.50% - Net cash flows from operating 368,657,243.80 365,522,514.71 0.86% - activities Net cash flows Increaseindividendsfromjoint from investing 16,665,254.18 -12,068,746.10 238.09%venturesandassociates activities Net cash flows from financing -664,817,669.11 -514,366,523.61 -29.25%Increaseindebtrepayments-net activities Net increase in Decrease in cash flows from cash and cash -277,266,096.67 -160,462,810.25 -272.79%financingactivities equivalents 4.Mattersrelatedtofinancialreporting (1)Explainanychangesintheaccountingpolicies,accountingestimatesandmeasurementmethodsascomparedwiththefinancialreportingoflastyear □Applicable√Notapplicable Nosuchcases. (2)Explainanyretrospectiverestatementduetocorrectionofsignificantaccountingerrorsinthereportingperiod □Applicable√Notapplicable Nosuchcasesinthereportingperiod. (3)Explainanychangesintheconsolidationscopeascomparedwiththefinancialreportingoflastyear □Applicable√Notapplicable Nosuchcasesinthereportingperiod. (4)ExplanationoftheBoardofDirectorsandtheSupervisoryCommitteeconcerningthe“non-standardauditreport”issuedbytheCPAsfirmforthereportingperiod □Applicable√Notapplicable ForandonbehalfoftheBoard ShiWei Chairman ShenzhenChiwanWharfHoldingsLimited Dated26August2016