ANNUAL REPORT 2015
2 3 6 11 28 32 43 45 46 47 49 50 52 1
28 19 183 22 http://www.swhyhk.com 2
2.031.01 100%1.840.9496% 47%6.97 4.7313.24 75% 23.21 9 5 45%30% 30% 3
23,50025,000 28,58817% A 20,846 8% 21,914 1,05669552% 4
5
6.97 4.73 47% 2 1.01100% 2.03 0.9496% 1.84 2.633.90 48% 3 IPONiraku GC Holdings, Inc. 1245 8316 81960.59 1.1493% 31423 1,148 95217% 1.24 1.7138%22 B 695 1,056 57% QDII QDII 4 1.97 2.82 75% 72%25%28% 6
RQFII 28% 22 1.241.7138% 314233 IPO 5091528 331 1566 IPO 1011 1206 1280 14 317852011 1958 1301Niraku GC Holdings, Inc. 1245 8316 8196 7
2,000 A 32 71 RQFII 5542 1,148 95217% 265,379,563 796,138,689 530,759,1262,078.5 1,313.9 8
511.8 272.4 43.0 199.9 2,911.3 836.9 1,346.3 245.8 749.7 1,009.1 138% 126% 36% 77% 69.0 76.92,053.8 1,717.619% 14% 9
253 248 193.9 150.2 10
A.6.7 14 A.6.7 A.1 11
4/4 1/1 4/4 1/1 4/4 1/1 4/4 1/1 2/4 0/1 4/4 1/1 4/4 0/1 3/4 0/1 14 D.2 12
A.2 13
A.3 14
A.4 A.5 3.083.09 3.13 9 A.5 A.3 A.4 15
1/1 1/1 1/1 1/1 A.6 16
A.6.2(a) (d) 10 A.6.5 A, B, C A, E A, B A, B, D, E A A A A, C, D A B C D E (i) (ii) 17
A.7 D.1 B.1 B.1.2(a) (h) 18
2/2 2/2 2/2 * 3,000,000 3 3,000,0015,000,000 1 5,000,0017,000,000 1 16 * 2015 1,290 19
C.1 3.0813 C.2 20
C.3 2/2 2/2 2/2 (1) (2) (3) (4) (5) 21
1,800 170 D.1 22
(1) (2) (3) (4) (5) (6) D.2 C.3 B.1 A.5 D.3 D.3.1(a) (e) 23
E.1 20 10 (a)(b)(c) (d) (a) 67 622 5% 24
(i) (ii) (iii) 28 19 co.sec@swhyhk.com 3 (b) 28 19 co.sec@swhyhk.com 25
(c) (i) (ii) 2.5% 50 (i) (ii) (iii) 28 19co.sec@swhyhk.com (d) 108 26
E.2 (http://www.hkexnews.hk) (http://www.swhyhk.com) F. 3.29 15 39 27
670 1 T8LED T83 1 28
(a) (b) (c) 12 (d) 29
(a) (b) 30
(c) 31
Shenyin Wanguo (H.K.) Limited Shenwan Hongyuan (H.K.) Limited 1 9 35 6101127 2831 32
696,649 473,291 354,045 293,992 383,312, 988 (246) 3,288 3,683 980 (2,623) (2,330) (156,237) (103,838) (70,397) (48,569) (64,702) (193,907) (150,214) (114,263) (111,133) (117,498) (5,248) (5,884) (9,066) (9,361) (8,802) (17,396) (14,273) (10,531) (442) (1,508) (122,164) (97,342) (98,025) (94,030) (113,973) 202,685 101,494 52,428 31,810 77,809 (18,372) (7,567) (5,185) (1,649) (3,801) 184,313 93,927 47,243 30,161 74,008 184,314 93,934 47,239 30,151 74,003 (1) (7) 4 10 5 184,313 93,927 47,243 30,161 74,008 7,425,262 6,089,134 5,065,225 4,578,048 3,373,060 (5,344,090) (4,772,638) (3,819,112) (3,373,289) (2,186,334) (2,630) (2,631) (2,638) (2,634) (2,624) 2,078,542 1,313,865 1,243,475 1,202,125 1,184,102 33
24 265,379,563 622291 297 299 159,120,00071,652,000 30% 5% 34
104(A) 14A.4.3 www.swhyhk.com 35
53 57 51 28 36
62 30 47 63 60 37
64 40 GGV Capital 53 10 53 10 41 10 38
51 7 5427 39
XV 352 10 336 Shenwan Hongyuen Holdings (B.V.I.) LimitedSWHYHBVI Venture-Some Investments LimitedVSI 402,502,312 (1) 50.56 402,502,312 (1) 50.56 402,502,312 (1) 50.56 3,306,257 (2) 0.42 405,808,569 (1) (2) 50.98 40
: (1) SWHYHBVI VSI 60.82% VSI VSI SWHYHBVI402,502,312 (2) 3,306,257 3,306,257 336 14A 27(a)(i-v) 27(a)(i-v)(i) (ii)(iii) 3000 740 14A.56 41
25% 42
45112 405 43
1 22 44
5 696,649 473,291 5 988 (246) (156,237) (103,838) 6 (193,907) (150,214) 12 (5,248) (5,884) 6 (17,396) (14,273) (122,164) (97,342) 6 202,685 101,494 9 (18,372) (7,567) 184,313 93,927 184,314 93,934 (1) (7) 184,313 93,927 11 23.21 13.24 45
184,313 93,927 (2,314) (167) (167) (2,314) 184,146 91,613 184,147 91,620 (1) (7) 184,146 91,613 46
12 12,221 13,259 13 4,212 4,212 26,006 43,983 14 2,470 7,610 15 7,304 236 52,213 69,300 14 42,980 199,879 16 879,937 1,140,380 17 2,053,818 1,717,634 18 21,253 24,442 1,172 148 19 3,862,085 2,664,938 20 511,804 272,413 7,373,049 6,019,834 21 4,448,656 3,653,108 22 127,599 105,370 23 749,680 1,009,097 17,889 4,793 5,343,824 4,772,368 2,029,225 1,247,466 2,081,438 1,316,766 15 266 270 2,081,172 1,316,496 47
24 1,200,457 580,120 25 878,085 733,745 2,078,542 1,313,865 2,630 2,631 2,081,172 1,316,496 48
24 24 265,380 314,740 15 2,481 138 660,721 1,243,475 2,638 1,246,113 93,934 93,934 (7) 93,927 14 (2,314) (2,314) (2,314) 265,380 314,740 15 167 138 754,655 1,335,095 2,631 1,337,726 (21,230) (21,230) (21,230) 314,740 (314,740) 580,120 15* 167* 138* 733,425* 1,313,865 2,631 1,316,496 184,314 184,314 (1) 184,313 14 (167) (167) (167) 580,120 15 138 917,739 1,498,012 2,630 1,500,642 10 (39,807) (39,807) (39,807) 620,337 620,337 620,337 1,200,457 15* 138* 877,932* 2,078,542 2,630 2,081,172 * 878,085,000 733,745,000 2.4 49
202,685 101,494 6 (167) 12 5,248 5,884 207,766 107,378 17,977 (13,226) 5,140 156,899 (61,558) 260,443 (593,906) (336,184) (199,177) 3,189 (7,262) (1,197,147) (154,182) 795,548 709,419 22,229 42,652 (64,140) (169,862) (12,927) (5,533) (445) (70) (77,512) (175,465) 12 (4,210) (8,334) (4,210) (8,334) 50
24 620,337 (259,199) 268,843 (39,807) (21,230) 321,331 247,613 239,609 63,814 272,195 208,381 511,804 272,195 20 361,804 272,413 20 150,000 511,804 272,413 23 (218) 511,804 272,195 23,410 24,000 1,319 5,759 51
1. 28 19 Shenwan Hongyuan Holdings (B.V.I.) Limited Shenyin Wanguo Holdings (B.V.I.) Limited 000166 130,000,000 100 100 30,000,000 100 100 20,000,000 100 100 52
1. 10,000,000 100 100 300,000 100 100 10,000 100 100 25,000,000 100 100 15,000,000 100 100 2 100 100 375,000 100 100 2 100 100 53
1. 2 100 100 2 100 100 First Million Holdings Ltd* 1 100 100 Crux Assets Limited* 1 100 100 1,000 100 100 10,000,000 60 60 Shenwan Hongyuan Singapore Private Limited Shenyin Wanguo Singapore Private 2,500,000 100 100 Limited # * # 54
2.1 (a) (b) (c) 55
2.1 (i) (ii) (iii)(i) (ii)(iii) 2.2 19 6229 56
2.3 9 1 10 28 10 12 28 2 3 11 3 14 4 15 1 1 3 16 3 38 16 3 41 27 3 3 1 2 3 4 9 399 9 9 57
2.3 15 15 15 1515 15 15 1 (i) (ii) (iii) (iv) 1 58
2.4 59
2.4 (a) (i) (ii) (iii) 60
2.4 (b) (i) (ii) (iii) (iv) (v) (vi) (vii) (a) (a)(i) (viii) 61
2.4 4% 15% 33 1 /3% 25% 62
2.4 63
2.4 39 39 64
2.4 (a) (b) (a) (b) 65
2.4 66
2.4 67
2.4 68
2.4 69
2.4 (a) (b) (c) 70
2.4 (d) (e) (f) 622 71
2.4 72
3. (a) (b) 4. 128,572,000 183,909,000 15 (a) (b) (c) (d) (e) (f) 73
4. 389,880 114,206 9,519 170,566 12,478 988 697,637 82,504 28,663 (621) 82,449 8,702 988 202,685 5,096,326 69,102 62,446 2,068,659 117,783 7,414,316 7,304 1,172 2,470 7,425,262 4,532,488 16,486 1,349 773,844 1,768 5,325,935 266 17,889 5,344,090 17,396 17,396 1,623 311 79 3,235 5,248 2,748 1,462 4,210 74
4. 262,899 59,281 11,475 123,961 15,675 (246) 473,045 32,123 9,912 1,039 45,792 12,874 (246) 101,494 4,025,333 62,333 57,424 1,732,243 208,947 6,086,280 236 148 2,470 6,089,134 3,725,735 9,552 2,249 1,027,689 2,350 4,767,575 270 4,793 4,772,638 14,273 14,273 1,705 365 333 3,481 5,884 2,892 1,751 579 3,112 8,334 75
4. 10% 5. 282,219 196,560 51,798 24,184 34,529 31,790 4,971 4,875 16,363 5,490 389,880 262,899 90,572 37,787 23,634 21,494 114,206 59,281 9,519 11,331 144 9,519 11,475 76
5. 142,190 95,021 4,966 4,940 23,410 24,000 170,566 123,961 389 1,417 7,262 7,682 115 866 4,712 5,710 12,478 15,675 696,649 473,291 167 821 (246) 988 (246) 77
6. 7 186,205 144,178 8,402 7,505 (700) (1,469) * 7,702 6,036 193,907 150,214 17,396 14,273 26,406 29,104 1,800 1,980 * 78
7. 383(1)(a) (b) (c) (f) 2 540 540 6,171* 8,079 200 200 6,371 8,279 6,911 8,819 * 2015 1,290 8 (a) 180 180 180 180 180 180 540 540 79
7. (b) 2,871* 2,871 3,300 200 3,500 6,171 200 6,371 6,171 200 6,371 * 2015 1,290 80
7. (b) 4,812 4,812 3,267 200 3,467 8,079 200 8,279 * 8,079 200 8,279 * 81
8. 7 8,108 6,699 8,920* 4,030 710 429 17,738 11,158 * 2,500,0013,000,000 1 3,000,0013,500,000 1 3,500,0014,000,000 1 1 4,000,0014,500,000 1 4,500,0015,000,000 1 6,000,0016,500,000 1 4 3 * 2015 1,290 82
9. 16.5% 16.5% 25,710 8,388 (494) (960) 228 388 15 (7,072) (249) 18,372 7,567 202,685 101,494 16.5% 16.5% 33,443 16,747 (494) (960) (13,607) (7,686) 8,127 3,384 112 240 (2,559) (4,106) (7,160) 510 (52) 9.1% 7.5% 18,372 7,567 83
10. 9 5 71,652 39,807 11. 796,138,689 530,759,126 184,314 93,934 a 794,242 709,584 23.21 13.24 (a) 2.342 265,379,563621.5 1.2620.3 84
12. 4,095 23,098 42,254 2,463 71,910 (2,559) (17,190) (36,772) (2,130) (58,651) 1,536 5,908 5,482 333 13,259 1,536 5,908 5,482 333 13,259 1,025 3,185 4,210 (123) (1,353) (3,612) (160) (5,248) 1,413 5,580 5,055 173 12,221 4,095 24,123 45,439 2,463 76,120 (2,682) (18,543) (40,384) (2,290) (63,899) 1,413 5,580 5,055 173 12,221 85
12. 4,095 23,651 41,768 2,463 71,977 (2,437) (23,283) (33,478) (1,970) (61,168) 1,658 368 8,290 493 10,809 1,658 368 8,290 493 10,809 7,288 1,046 8,334 (122) (1,748) (3,854) (160) (5,884) 1,536 5,908 5,482 333 13,259 4,095 23,098 42,254 2,463 71,910 (2,559) (17,190) (36,772) (2,130) (58,651) 1,536 5,908 5,482 333 13,259 1,413,000 1,536,000 13. 4,212 86
14. 5,140 2,470 2,470 2,470 7,610 11,637 130,193 42,980 58,049 42,980 199,879 42,980,000 199,879,000 2,314,000167,000 87
15. 223 223 9 13 13 236 236 9 7,160 (92) 7,068 7,160 144 7,304 506 9 (236) 270 9 (4) 266 88
15. 128,572,000183,909,000 16. 879,937 1,140,380 879,937 1,140,380 21,770 (21,770) 89
16. 69,039,000 76,936,000 828,936 1,111,263 6,687 12,002 3,165 3,116 41,149 13,999 879,937 1,140,380 90
16. 810,898 1,063,444 18,333 49,192 9,712 14,003 40,994 13,741 879,937 1,140,380 17. 2,053,818 1,717,634 2,053,818 1,717,634 2,053,818 1,717,634 91
17. 9,196,684,000 5,717,947,000687,743,000 368,756,000 23 2,053,818,000 1,717,634,000 13,173 (13,173) 92
18. 8,771 10,371 12,482 14,071 21,253 24,442 19. 20. 361,804 272,413 150,000 511,804 272,413 8,524,000 33,191,000 1,692,000 686,000 93
21. 4,448,656 3,653,108 3,605,214,000 2,337,075,000 22. 21,918 31,672 105,681 73,698 127,599 105,370 94
23. 218 +1.5% 6.97% 749,680 +1.5% +1.6% 1,008,879 749,680 1,009,097 749,680 1,009,097 (a) 218,000 153,380,000 (b) 749,680,000 1,008,879,000 150,000,000 193,879,000 687,743,000 368,756,000 17 1,613,500,000 1,830,000,000749,680,000 1,008,879,000 (c) (d) 59,680,000 (e) 95
24. 796,138,689 530,759,126 1,200,457 580,120 530,759,126 265,380 314,740 580,120 (a) 314,740 (314,740) 530,759,126 580,120 580,120 (b) 265,379,563 620,337 620,337 796,138,689 1,200,457 1,200,457 (a) 11 37 (b) 2.342 265,379,563621.5 1.2620.3 96
25. 26. (a) 377 989 (b) 26,674 24,277 41,169 38,840 67,843 63,117 97
27. (a) (i) 4,669 2,026 (ii) 11,500 5,000 (iii) 5,800 2,500 (iv) 12,494 1,300 (v) 203 (vi) 1,132 98
27. (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) (xi) B 65,870,000 14,247,000 14,357,000 22,525,000 1,500,000 4,323,000 163,182,000 29,352,000 99
27. (b) 54,737 37,594 1,664 1,425 56,401 39,019 7 28. (a)(i-v)14a 26,006 26,006 2,470 2,470 42,980 42,980 879,937 879,937 2,053,818 2,053,818 12,482 12,482 3,862,085 3,862,085 511,804 511,804 42,980 7,346,132 2,470 7,391,582 100
28. 4,448,656 51,569 749,680 5,249,905 43,983 43,983 7,610 7,610 199,879 199,879 1,140,380 1,140,380 1,717,634 1,717,634 14,071 14,071 2,664,938 2,664,938 272,413 272,413 199,879 5,853,419 7,610 6,060,908 101
28. 3,653,108 57,859 1,009,097 4,720,064 29. 1,102,775 (222,838) 879,937 879,937 102
29. 4,671,494 (222,838) 4,448,656 4,448,656 1,601,488 (461,108) 1,140,380 1,140,380 4,114,216 (461,108) 3,653,108 3,653,108 103
30. 2,470 2,470 42,980 42,980 45,450 45,450 5,140 5,140 2,470 2,470 11,637 11,637 130,193 130,193 58,049 58,049 11,637 195,852 207,489 104
31. 2.4 * 25 3,679 (25) (3,679) 25 2,783 (25) (2,783) * 105
31. 5% 1% * % 3 687 (3) (687) 3 5,875 (3) (5,875) * 106
31. 16 17 107
31. 3,998,866 449,790 4,448,656 51,569 51,569 749,837 749,837 4,748,703 501,359 5,250,062 2,861,982 791,126 3,653,108 57,859 57,859 1,009,380 1,009,380 3,871,362 848,985 4,720,347 749,680,000 1,008,879,000 14 14 108
31. 1% * % 1 430 (1) (430) 1 116 (1) (116) 1 51 (1) (51) 1 1,302 (1) (1,302) 1 580 (1) (580) * 109
31. 749,680 1,009,097 2,081,172 1,316,496 36.0% 76.7% 110
32. 1,354,407 718,909 1,478 2,195 6,958 7,940 8,436 10,135 2,916 5,758 350 3,266 5,758 5,170 4,377 1,359,577 723,286 1,200,457 580,120 159,120 143,166 1,359,577 723,286 111
32. 656 19,998 20,654 143,742 143,742 (21,230) (21,230) 656 142,510 143,166 55,761 55,761 (39,807) (39,807) 656 158,464 159,120 33. 112