2013 ANNUAL REPORT
2 3 6 10 26 37 39 40 41 43 44 46 47 1
28 19 28 26 http://www.sywg.com.hk 2
4,700 57%20%3.54 2.945.68 57% 8.9 4 3
GDP 19,426 23,50220% 24,111 23,306 62853916.5% TMT 4
5
16.5%82118.6% 2.08 24.9% 45% RQFII 360 RQFII 31% 9,56926% 7,380 2901,899 28% RQFIIRQFII 6898 (3315) 21 10 6
103 RQFII 30 35% 92655.1% RQFII18.3 61% 530,759,126 12.40 2.781.38 8.444.36 8.09 1.31 0.65 7
15 12 20% 6% 219 219 1.14 11 8
9
A.6.7 14 A.6.7 A.1 10
3/4 2/2 4/4 2/2 4/4 2/2 4/4 2/2 0/4 0/2 3/4 2/2 4/4 2/2 4/4 2/2 2/4 0/2 14 D.2 11
A.2 12
A.3 13
A.4 A.5 3.083.09 3.139 A.5 A.3 A.4 14
1/1 1/1 1/1 1/1 A.6 15
A.6.2(a) (d) 10 A.6.5 A, B, C A, B, C A, B, C A, B, E A, C, D, E A A, C A, E A, C, D A B C D E (i) (ii) 16
A.7 D.1 B.1 B.1.2(a) (h) 17
2/2 2/2 1/2 2,000,000 3 2,000,001 4,000,000 2 16 18
C.1 3.08 13 C.2 19
C.3 2/2 2/2 1/2 (1) (2) (3) (4) (5) 20
1,980 175 D.1 21
(1) (2) (3) (4) (5) (6) D.2 C.3 B.1 A.5 D.3 D.3.1(a) (e) 22
E.1 20 10 (a) (b) (c) (d) (a) 67 32113 23
(b) 28 19 co.sec@sywg.com.hk (c) (i) (ii) 50 2,000 1,000 6 28 19 1 (d) 108 24
E.2 (http://www.hkexnews.hk) (http://www.sywg.com.hk) F. 3.29 15 33 25
15 4 26
354,045,457 293,991,742 383,312,131 513,699,858 355,242,738 (70,396,887) (48,569,149) (64,701,935) (94,535,231) (91,920,767) (114,263,402) (111,133,312) (117,497,668) (118,437,426) (85,979,793) (9,065,517) (9,361,278) (8,802,207) (4,174,939) (6,194,059) (10,531,430) (441,857) (1,507,632) (1,149,424) (352,328) 8,874,201 825,270 (2,622,655) (2,330,221) (1,641,540) 3,288,036 3,682,510 980,464 1,481,256 1,319,074 (98,024,930) (94,028,435) (113,974,036) (92,682,335) (95,964,317) 52,428,672 31,810,000 77,809,117 202,560,219 85,850,019 (5,185,137) (1,648,515) (3,801,137) (11,597,862) (11,720,185) 47,243,535 30,161,485 74,007,980 190,962,357 74,129,834 47,238,994 30,151,847 74,003,499 190,976,711 74,875,249 4,541 9,638 4,481 (14,354) (745,415) 47,243,535 30,161,485 74,007,980 190,962,357 74,129,834 27
5,065,224,288 4,578,047,765 3,373,060,361 3,652,780,863 3,743,387,015 (3,819,111,415) (3,373,288,600) (2,186,333,956) (2,482,819,829) (2,728,327,172) (2,638,062) (2,633,521) (2,623,883) (2,619,402) (2,633,756) 1,243,474,811 1,202,125,644 1,184,102,522 1,167,341,632 1,012,426,087 13 27 79B 20,654,205 21,230,365 2013 2013 314,739,683 28
30% 5% 104(A) 14A.4.3 29
51 55 49 26 60 30 30
74 9 4020 45 61 31
58 62 40 GGV Capital 51 10 32
51 10 39 10 49 72 52 25 33
XV 352 10 336 Shenyin Wanguo Holdings (B.V.I.) LimitedSWHBVI 268,334,875* 50.56 Venture-Some Investments LimitedVSI 268,334,875* 50.56 268,334,875* 2,045,000* 50.56 0.38 270,379,875* 50.94 * SWHBVI VSI50.51%VSI VSISWHBVI268,334,875 2,045,000 2,045,000 34
336 14A 30 30(i) (ii) (iii) 3000 740 14A.38 25% 35
36
39104 141 37
1 22 38
5 354,045,457 293,991,742 (70,396,887) (48,569,149) 6 (114,263,402) (111,133,312) 13 (9,065,517) (9,361,278) 6 (10,531,430) (441,857) 6, 16 (2,622,655) (2,330,221) 5 3,288,036 3,682,510 (98,024,930) (94,028,435) 6 52,428,672 31,810,000 9 (5,185,137) (1,648,515) 47,243,535 30,161,485 10 47,238,994 30,151,847 4,541 9,638 47,243,535 30,161,485 12 8.90 5.68 11 39
47,243,535 30,161,485 368,832 546,897 (919,927) (144,587) 6, 16 2,622,655 2,330,221 2,071,560 2,732,531 49,315,095 32,894,016 10 49,310,554 32,884,378 4,541 9,638 49,315,095 32,894,016 40
13 10,808,701 17,047,853 14 4,211,831 4,211,831 30,757,080 16,282,236 16 9,924,169 12,624,430 17 222,617 877,503 55,924,398 51,043,853 16 138,320,586 360,020,854 18 546,473,671 478,246,702 19 1,518,457,087 1,138,486,758 20 17,180,343 15,886,779 386,641 5,225,274 21 2,510,755,892 2,335,223,269 22 277,725,670 193,914,276 5,009,299,890 4,527,003,912 23 2,943,688,665 2,692,540,606 24 62,718,357 63,648,116 25 809,380,735 614,697,682 2,817,824 1,819,397 3,818,605,581 3,372,705,801 1,190,694,309 1,154,298,111 1,246,618,707 1,205,341,964 17 505,834 582,799 1,246,112,873 1,204,759,165 41
26 265,379,563 265,379,563 27(a) 956,864,883 928,784,694 11 21,230,365 7,961,387 1,243,474,811 1,202,125,644 2,638,062 2,633,521 1,246,112,873 1,204,759,165 42
265,379,563 314,739,683 15,043 (2,323,165) 138,611 591,291,531 14,861,256 1,184,102,522 2,623,883 1,186,726,405 30,151,847 30,151,847 9,638 30,161,485 16 2,732,531 2,732,531 2,732,531 2,732,531 30,151,847 32,884,378 9,638 32,894,016 (14,861,256) (14,861,256) (14,861,256) 11 (7,961,387) 7,961,387 265,379,563 314,739,683* 15,043* 409,366* 138,611* 613,481,991* 7,961,387 1,202,125,644 2,633,521 1,204,759,165 47,238,994 47,238,994 4,541 47,243,535 16 2,071,560 2,071,560 2,071,560 2,071,560 47,238,994 49,310,554 4,541 49,315,095 (7,961,387) (7,961,387) (7,961,387) 11 (21,230,365) 21,230,365 265,379,563 314,739,683* 15,043* 2,480,926* 138,611* 639,490,620* 21,230,365 1,243,474,811 2,638,062 1,246,112,873 * 956,864,883 928,784,694 43
52,428,672 31,810,000 5 (18,961,555) (25,113,797) 5 (6,768,401) (1,224,095) 6 (919,927) (144,587) 6 (1,818,974) 6 (318,018) 13 9,065,517 9,361,278 6,16 2,622,655 2,330,221 6 (60,000) (309,510) 37,406,961 14,572,518 (14,474,844) 707,258 221,700,268 (223,530,304) (68,226,969) (250,136,861) (379,970,329) (578,213,864) (1,293,564) (2,958,510) (175,532,623) (353,281,933) 251,148,059 586,519,132 (929,759) (11,758,655) (130,172,800) (818,081,219) 18,961,555 25,113,797 6,768,401 1,224,095 1,435,651 1,051,473 (205,807) (151,902) (103,213,000) (790,843,756) 13 (2,826,365) (8,785,045) 3,069,093 517,547 60,000 497,281 45 302,728 (7,770,217) 44
44 302,728 (7,770,217) 740,035,808 553,000,000 (553,000,000) (7,961,387) (14,861,256) 179,074,421 538,138,744 76,164,149 (260,475,229) 132,216,594 392,691,823 208,380,743 132,216,594 22 191,355,670 89,729,276 22 86,370,000 104,185,000 277,725,670 193,914,276 25 (69,344,927) (61,697,682) 208,380,743 132,216,594 45
15 594,888,259 624,730,136 20 1,298,973 1,762,070 168,179 22 7,243,583 7,213,125 8,542,556 9,143,374 24 2,657,364 3,017,159 5,885,192 6,126,215 600,773,451 630,856,351 26 265,379,563 265,379,563 27(b) 314,163,523 357,515,401 11 21,230,365 7,961,387 600,773,451 630,856,351 46
1. 3 28 28 19 Shenyin Wanguo Holdings (B.V.I.) Limited 2.1 47
2.1 (i) (ii) (iii) (i) (ii)(iii) (i)(ii) (iii)(iv) (i) (ii) (iii) (iv)(v) 48
2.2 1 7 10 11 12 10 11 12 13 1 19 27 28 20 1 7 10 11 12 1 10 10 13 1 (a) 1027 12 10 (a) (b) (c) 10 10 49
2.2 (a) 10 (b) (c) (d) 10 10 10 10 27 12 13 13 13 13 32 1 50
2.3 9 3 9 7 39 10 12 27 19 32 36 39 21 9 7 39 3 10 12 27 1 19 2 32 1 36 3 39 1 1 1 2 3 9 39 39 9 39 9 39 51
2.3 9 39 7 9 9 9 939 39 9 39 10 9 12 27 12 32 32 2.4 52
2.4 (a) (b) (c) 53
2.4 54
2.4 (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (vii) (a) (a)(i) 55
2.4 4% 15% 33 1 /3% 25% 56
2.4 39 57
2.4 39 (a) (b) 58
2.4 (a) (b) 59
2.4 60
2.4 61
2.4 62
2.4 63
2.4 64
2.4 (a) (b) (c) (d) (e) (f) 65
2.4 66
3 (a) 2,622,656 2,330,221 (b) 4. 211,850,000 207,480,000 17 (a) (b) (c) (d) (e) 67
4. 208,049,898 22,915,358 9,260,777 95,688,581 18,130,843 354,045,457 32,269,220 (3,620,408) (2,643,511) 73,802,239 (47,378,868) 52,428,672 3,319,088,583 47,475,494 16,302,568 1,531,351,727 147,926,658 5,062,145,030 222,617 386,641 2,470,000 5,065,224,288 2,984,642,628 3,532,264 1,556,770 823,399,797 2,656,298 3,815,787,757 505,834 2,817,824 3,819,111,415 10,531,430 10,531,430 4,402,276 430,327 110,380 4,122,534 9,065,517 2,622,656 2,622,656 1,306,624 1,519,741 2,826,365 68
4. 166,503,537 38,096,141 5,974,120 75,873,519 7,544,425 293,991,742 20,397,623 11,550,173 (8,988,115) 62,279,384 (53,429,065) 31,810,000 2,987,116,416 26,810,293 18,812,015 1,143,750,139 392,986,125 4,569,474,988 877,503 5,225,274 2,470,000 4,578,047,765 2,717,733,958 4,870,507 1,003,897 624,439,614 22,838,428 3,370,886,404 582,799 1,819,397 3,373,288,600 441,857 441,857 8,744,781 419,173 197,324 9,361,278 2,330,221 2,330,221 8,176,731 430,972 177,342 8,785,045 2013 10% 69
5. 152,586,265 131,232,410 18,615,635 9,604,012 28,031,344 19,299,302 4,604,541 3,731,013 4,212,113 2,636,800 208,049,898 166,503,537 12,415,761 21,757,237 10,499,597 16,338,904 22,915,358 38,096,141 9,260,777 5,974,120 73,798,076 50,635,145 2,902,559 115,848 18,961,555 25,113,797 26,391 8,729 95,688,581 75,873,519 70
5. 1,990,963 126,381 9,371,479 6,193,949 140,303 532,367 1,083,792 * 6,236,034 18,130,843 7,544,425 354,045,457 293,991,742 1,818,974 318,018 3,288,036 1,545,518 3,288,036 3,682,510 * The New China Hong Kong Highway Limited NCHK the New China Hong Kong Group Limited 6,236,034 NCHK 71
6. 7 108,563,345 105,402,379 6,765,634 6,693,789 (1,065,577) (962,856) * 5,700,057 5,730,933 114,263,402 111,133,312 10,531,430 441,857 31,251,373 30,061,040 1,980,000 1,980,000 (60,000) (309,510) (3,755,477) 638,597 (6,513,747) (677,038) (919,927) (144,587) 2,622,655 2,330,221 (1,818,974) (318,018) (3,288,036) (1,545,518) * 29,094 48,998 72
7. 161 540,000 450,000 5,219,924 6,139,044 241,067 261,600 5,460,991 6,400,644 6,000,991 6,850,644 (a) 180,000 150,000 180,000 150,000 180,000 150,000 540,000 450,000 73
7. (b) 1,751,885 1,751,885 3,468,039 241,067 3,709,106 5,219,924 241,067 5,460,991 * * 5,219,924 241,067 5,460,991 * 74
7. (b) ^ 2,096,824 2,096,824 ^ 3,929,220 261,600 4,190,820 * 113,000 113,000 6,139,044 261,600 6,400,644 6,139,044 261,600 6,400,644 ^ * 75
8. 7 6,333,070 7,232,000 1,300,000 499,600 372,550 6,832,670 8,904,550 1,500,001 2,000,000 1 2,000,001 2,500,000 2 2,500,001 3,000,000 1 3,000,001 3,500,000 2 3 3 76
9. 16.5% 16.5% 5,465,975 1,574,285 (932,041) (897,708) 73,282 197,609 17 577,921 774,329 5,185,137 1,648,515 52,428,672 31,810,000 16.5% 16.5% 8,650,731 5,248,650 (932,041) (897,708) (6,956,528) (5,826,074) 3,445,059 1,011,059 256,713 (2,751,626) (280,517) 3,472,829 2,393,105 5,185,137 1,648,515 77
10. 11. 22,121,513 2,453,984 27(b) 4 1.5 21,230,365 7,961,387 12. 47,238,994 30,151,847530,759,126 530,759,126 78
13. 4,095,000 23,497,722 39,734,298 2,228,454 69,555,474 (2,313,675) (19,781,369) (28,184,123) (2,228,454) (52,507,621) 1,781,325 3,716,353 11,550,175 17,047,853 1,781,325 3,716,353 11,550,175 17,047,853 153,853 2,033,365 639,147 2,826,365 (122,850) (3,502,178) (5,294,018) (146,471) (9,065,517) 1,658,475 368,028 8,289,522 492,676 10,808,701 4,095,000 23,651,575 41,767,663 2,462,894 71,977,132 (2,436,525) (23,283,547) (33,478,141) (1,970,218) (61,168,431) 1,658,475 368,028 8,289,522 492,676 10,808,701 79
13. 4,095,000 23,447,832 34,162,626 2,228,454 63,933,912 (2,190,825) (15,417,975) (26,316,290) (2,196,965) (46,122,055) 1,904,175 8,029,857 7,846,336 31,489 17,811,857 1,904,175 8,029,857 7,846,336 31,489 17,811,857 55,380 8,729,665 8,785,045 (2,941) (184,830) (187,771) (122,850) (4,365,943) (4,840,996) (31,489) (9,361,278) 1,781,325 3,716,353 11,550,175 17,047,853 4,095,000 23,497,722 39,734,298 2,228,454 69,555,474 (2,313,675) (19,781,369) (28,184,123) (2,228,454) (52,507,621) 1,781,325 3,716,353 11,550,175 17,047,853 1,658,475 1,781,325 80
14. 4,211,831 15. 229,066,150 228,066,150 596,373,531 647,653,739 825,439,681 875,719,889 (114,461,276) (155,851,045) 710,978,405 719,868,844 # (116,090,146) (95,138,708) 594,888,259 624,730,136 # 266,118,187 473,206,344 170,000,000 170,000,000 3 3 81
15. 130,000,000 100 100 30,000,000 100 100 20,000,000 100 100 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 82
15. 375,000 100 100 2 100 100 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 * 83
16. 2,558,532 7,454,169 7,595,898 2,470,000 2,470,000 9,924,169 12,624,430 26,181,149 39,207,508 112,139,437 320,813,346 138,320,586 360,020,854 138,320,586 360,020,854 368,832 546,897919,927 144,587 2,622,655 2,330,221 2,622,655 2,330,221 84
17. 1,437,686 9 (560,183) 877,503 9 (654,886) 222,617 368,653 9 214,146 582,799 9 (76,965) 505,834 85
17. 211,850,000 207,480,000 18. 568,243,554 500,016,585 (21,769,883) (21,769,883) 546,473,671 478,246,702 87,117,669 96,299,771 86
18. 513,917,528 421,491,715 5,474,809 4,084,693 2,599,066 1,603,466 46,252,151 72,836,711 568,243,554 500,016,585 21,769,883 21,769,883 21,769,883 21,769,883 513,917,528 403,716,814 5,474,809 17,892,562 2,599,066 5,739,588 24,482,268 50,897,738 546,473,671 478,246,702 87
18. 11,022,157 12,887,538 19. 1,529,417,951 1,149,447,622 2,212,158 2,212,158 1,531,630,109 1,151,659,780 (13,173,022) (13,173,022) 1,518,457,087 1,138,486,758 4,554,788,724 3,023,378,943 795,566,700 719,449,500 25 1,518,302,593 1,138,332,264 88
19. 13,173,022 13,173,022 13,327,516 13,327,516 20. 4,231,795 4,816,812 172,000 178,300 12,948,548 11,069,967 1,126,973 1,583,770 17,180,343 15,886,779 1,298,973 1,762,070 21. 89
22. 191,355,670 89,729,276 7,243,583 7,213,125 86,370,000 104,185,000 277,725,670 193,914,276 7,243,583 7,213,125 23. 2,943,688,665 2,692,540,606 6,762,623 12,213,668 26,756,392 164,183 2,256,791,503 2,005,969,578 90
24. 24,257,413 32,363,917 1,072,137 1,033,945 38,460,944 31,284,199 1,585,227 1,983,214 62,718,357 63,648,116 2,657,364 3,017,159 25. +1% +2% 69,344,927 +1.5% 61,697,682 +1% +2% 740,035,808 +1.3% +1.5% 553,000,000 809,380,735 614,697,682 809,380,735 614,697,682 91
25. (a) 69,344,927 158,310,000 164,358,500 19 120,000,000 120,000,000 (b) 740,035,808 318,035,808 637,256,700 555,091,000 19 1,037,000,000 720,000,000523,035,808 378,000,000 (c) (d) (e) 26. 0.50 2,000,000,000 1,000,000,000 530,759,126 265,379,563 92
27. (a) 43 (b) 314,739,683 656,293 52,534,796 367,930,772 (2,453,984) (2,453,984) 11 (7,961,387) (7,961,387) 314,739,683 656,293 42,119,425 357,515,401 (22,121,513) (22,121,513) 11 (21,230,365) (21,230,365) 314,739,683 656,293 (1,232,453) 314,163,523 28. 1,579,500,000 1,867,500,000 592,380,735 439,697,682 93
29. (a) 2,075,814 345,000 (b) 28,988,752 29,891,175 39,974,114 11,062,124 6,891,720 75,854,586 40,953,299 94
30. (a) (b) (c) 3,071,306 1,313,157 7,705,000 7,650,000 26,195,023 31,951,568 1,625,633 1,612,792 27,820,656 33,564,360 7 (d) 18 23 (a) (b) 14A 95
31. 30,757,080 30,757,080 9,924,169 9,924,169 138,320,586 138,320,586 546,473,671 546,473,671 1,518,457,087 1,518,457,087 12,948,548 12,948,548 2,510,755,892 2,510,755,892 277,725,670 277,725,670 138,320,586 4,897,117,948 9,924,169 5,045,362,703 2,943,688,665 27,865,612 809,380,735 3,780,935,012 96
31. 16,282,236 16,282,236 12,624,430 12,624,430 360,020,854 360,020,854 478,246,702 478,246,702 1,138,486,758 1,138,486,758 11,069,967 11,069,967 2,335,223,269 2,335,223,269 193,914,276 193,914,276 360,020,854 4,173,223,208 12,624,430 4,545,868,492 2,692,540,606 22,183,758 614,697,682 3,329,422,046 97
31. 596,373,531 647,653,739 1,126,973 1,583,770 7,243,583 7,213,125 604,744,087 656,450,634 114,461,276 155,851,045 2,657,364 3,017,159 117,118,640 158,868,204 98
32. 7,454,169 7,454,169 2,470,000 2,470,000 26,181,149 26,181,149 112,139,437 112,139,437 26,181,149 122,063,606 148,244,755 2,558,532 2,558,532 7,595,898 7,595,898 2,470,000 2,470,000 39,207,508 39,207,508 320,813,346 320,813,346 41,766,040 330,879,244 372,645,284 99
33. 2.4 * 25 2,477,861 (25) (2,477,861) 25 2,348,293 (25) (2,348,293) * 100
33. B 1% 2% 18 19 101
33. 2,602,700,495 340,988,170 2,943,688,665 27,865,612 27,865,612 810,186,911 810,186,911 3,412,887,406 368,853,782 3,781,741,188 2,459,290,339 233,250,267 2,692,540,606 22,183,758 22,183,758 614,912,739 614,912,739 3,074,203,078 255,434,025 3,329,637,103 740,035,808 553,000,000 102
33. 16 16 1% * % 1 (1) 1 261,811 (1) (261,811) 1 74,542 (1) (74,542) 1 1,121,394 (1) (1,121,394) 1 25,585 (1) (25,585) 1 392,075 (1) (392,075) 1 75,959 (1) (75,959) 1 3,208,133 (1) (3,208,133) * 103
33. 809,380,735 614,697,682 1,246,112,873 1,204,759,165 65% 51% 34. 2.1 35. 104