StockCode:000011,200011                StockName:PRD,PRD-B                      AnnouncementNo.2018-35
      SHENZHENPROPERTIES&RESOURCES

          DEVELOPMENT(GROUP)LTD.

        THIRDQUARTERREPORT2018(SUMMARY)


                    PartIImportantNotes

TheBoardofDirectors(orthe“Board”),theSupervisoryCommitteeaswellasthedirectors,supervisorsandseniormanagementofShenZhenProperties&ResourcesDevelopment(Group)Ltd.(togetherwithitsconsolidatedsubsidiaries,the“Company”,exceptwherethecontextotherwiserequires)herebyguaranteethefactuality,accuracyandcompletenessofthecontentsofthisReportanditssummary,andshallbejointlyandseverallyliableforanymisrepresentations,misleadingstatementsormaterialomissionstherein.
AlltheCompany’sdirectorshaveattendedtheBoardmeetingforthereviewofthisReportanditssummary.
LiuShengxiang,theCompany’slegalrepresentative,CaiLili,theCompany’sheadoffinancialaffairs,andShenXueying,headoftheCompany’sfinancialdepartment(equivalenttofinancialmanager)herebyguaranteethatthefinancialstatementscarriedinthisReportarefactual,accurateandcomplete.
ThisReportanditssummaryhavebeenpreparedinbothChineseandEnglish.Shouldtherebeanydiscrepanciesormisunderstandingsbetweenthetwoversions,theChineseversionsshallprevail.


              PartIIKeyCorporateInformation

IKeyConsolidatedFinancialInformation
Indicatebytickmarkwhetherthereisanyretrospectivelyrestateddatuminthetablebelow.
□Yes√No

                                  30September2018          31December2017            Change(%)

Totalassets(RMB)                        4,884,498,981.18          5,393,331,548.87                  -9.43%
Equityattributabletothelisted

                                        2,885,240,065.59          2,921,693,794.08                  -1.25%
company’sshareholders(RMB)

                                  Q32018        YoYchange(%)      Q1-Q32018      YoYchange(%)

Operatingrevenue(RMB)              373,989,694.46            -72.00%    1,199,003,679.43            -54.80%
Netprofitattributabletothelisted

                                    61,216,163.81            -71.10%      144,188,691.40            -74.97%
company’sshareholders(RMB)
Netprofitattributabletothelisted

company’s  shareholders  before      61,962,097.63            -70.64%      143,925,231.95            -75.14%
exceptionalitems(RMB)
Netcashgeneratedfrom/usedin

                                      --                --                49,981,030.19            114.09%
operatingactivities(RMB)

Basic  earnings  per  share

                                          0.1027            -71.10%            0.2419            -74.98%
(RMB/share)

Diluted  earnings  per  share

                                          0.1027            -71.10%            0.2419            -74.98%
(RMB/share)
Weightedaveragereturnonequity

                                          2.09%            -5.94%              4.92%            -16.92%
(%)
Exceptionalgainsandlosses:
√Applicable□Notapplicable

                                                                                                  Unit:RMB
                        Item                                Q1-Q32018                  Note

Gainorlossondisposalofnon-currentassets(inclusiveof

                                                                    551,874.00

impairmentallowancewrite-offs)

Non-operatingincomeandexpenseotherthanabove                          274,942.21

Less:Incometaxeffects                                                563,356.76

Total                                                                263,459.45            --

ExplanationofwhytheCompanyreclassifiesasrecurrentanexceptionalgain/lossitemdefinedorlistedintheExplanatory
AnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic―ExceptionalGain/LossItems:
□Applicable√Notapplicable
NosuchcasesfortheReportingPeriod.
IITotalNumberofShareholdersandHoldingsofTop10Shareholdersat30September20181.NumbersofOrdinaryShareholdersandPreferredShareholderswithResumedVotingRightsaswellasHoldingsofTop10Shareholders

                                                                                                  Unit:share
                                                      Number    of    preferred

Numberofordinaryshareholders                      44,868shareholders  with  resumed                        0
                                                      votingrights(ifany)

                                            Top10shareholders

    Nameof      Natureof      Shareholding                                    Sharesinpledgeorfrozen

                                              NumberofsharesRestrictedshares

  shareholder    shareholder      percentage                                      Status          Shares

Shenzhen
Construction

              State-ownedlegal

Investment                            54.33%    323,796,324    293,997,370

              person

Holdings
Corporation
Shenzhen

Investment      State-ownedlegal

                                        9.49%      56,582,573      56,582,573

Management    person
Corporation

              Domesticnatural

DuXinye                              0.65%      3,880,800

              person

              Domesticnatural

ZhouQun                              0.52%      3,115,450

              person

              Domesticnatural

DuYunfeng                              0.39%      2,323,000

              person

Shenzhen

Duty-Free      Domestic

Commodity    non-state-owned          0.29%      1,730,300      1,730,300

Enterprises  Co.,legalperson
Ltd.

              Domesticnatural

GaoWenren                            0.25%      1,506,000

              person


              Domesticnatural

YangYaochu                            0.24%      1,410,620

              person

              Domesticnatural

LiJing                                  0.20%      1,176,740

              person

              Domesticnatural

SuZhifen                              0.19%      1,150,000

              person

                                      Top10unrestrictedshareholders

                                                                                    Sharesbytype

      Nameofshareholder                    Unrestrictedshares

                                                                                Type          Shares

ShenzhenConstructionInvestment                                              RMB-denominate

                                                                  29,798,954                    29,798,954
HoldingsCorporation                                                          dordinarystock

                                                                            RMB-denominate

DuXinye                                                          3,880,800                      3,880,800
                                                                            dordinarystock

                                                                            RMB-denominate

ZhouQun                                                          3,115,450                      3,115,450
                                                                            dordinarystock

                                                                            RMB-denominate

DuYunfeng                                                        2,323,000                      2,323,000
                                                                            dordinarystock

                                                                            RMB-denominate

GaoWenren                                                        1,506,000                      1,506,000
                                                                            dordinarystock

                                                                            Domestically

YangYaochu                                                        1,410,620listed    foreign      1,410,620
                                                                            stock

                                                                            Domestically

LiJing                                                            1,176,740listed    foreign      1,176,740
                                                                            stock

                                                                            RMB-denominate

SuZhifen                                                          1,150,000                      1,150,000
                                                                            dordinarystock

                                                                            Domestically

MaiFurong                                                        1,130,500listed    foreign      1,130,500
                                                                            stock

WuhanXingkaiyuanElectricPower                                              RMB-denominate

                                                                  1,100,000                      1,100,000
EngineeringCo.,Ltd                                                          dordinarystock

                              ThefirstandsecondprincipalshareholdersoftheCompanyaremanagedbyShenzhen
Relatedoracting-in-concertpartiesInvestmentHoldingCorporation,theactualcontrollingshareholderoftheCompany.Andthe
amongshareholdersabove        Companydoesnotknowwhetherthereareanyconnectedpartiesoracting-in-concertparties
                              amongtheother8shareholders.

Top  10  ordinary  shareholders

involvedinsecuritiesmargintradingN/A
(ifany)

Indicatebytickmarkwhetheranyofthetop10ordinaryshareholdersorthetop10unrestrictedordinaryshareholdersoftheCompanyconductedanypromissoryrepoduringtheReportingPeriod.
□Yea√No
NosuchcasesintheReportingPeriod.
2.NumberofPreferredShareholdersandShareholdingsofTop10ofThem
□Applicable√Notapplicable


                  PartIIISignificantEvents

IChangesinKeyConsolidatedFinancialStatementLineItemsandExplanationofwhy
√Applicable□Notapplicable
1.Accountsreceivablerose90.37%fromtheamountasat31December2017toRMB88,089,246.66asat30September2018,primarilydrivenbylargeramountsduefromhomeownerstopropertymanagementsubsidiaries.2.Prepaymentsrose51.16%fromtheamountasat31December2017toRMB42,552,532.47asat30September2018,primarilydrivenbytheincreaseinprepaidtaxes.
3.Otherreceivablesdeclined79.28%fromtheamountasat31December2017toRMB18,925,116.21asat30September2018,primarilydrivenbythecollectionofthefinalpaymentfromthesharetransferoftwotaxiservicesubsidiaries.
4.Inventoriesdeclined24.18%fromtheamountasat31December2017toRMB1,403,219,359.96asat30September2018,primarilydrivenbythesaleandsettlementofproperties.
5.Long-termprepaidexpenserose151.77%fromtheamountasat31December2017toRMB2,395,293.07asat30September2018,primarilydrivenbyhigherprepaiddecorationexpenses.
6.Taxespayabledeclined35.99%fromtheamountasat31December2017toRMB763,324,955.45asat30September2018,primarilydrivenbythepaymentoflandvalueaddedtax,corporateincometaxandthelike.
7.Othercomprehensiveincomedeclined44.96%fromtheamountasat31December2017toRMB-5,960,279.43asat30September2018,primarilydrivenbylowerincomefromtranslationofforeigncurrency-denominatedfinancialstatementscausedbyexchangeratefluctuations.
8.Theyear-on-yeardecreasesof72.00%and54.80%inoperatingrevenuetoRMB373,989,694.46andRMB1,199,003,679.43duringQ32018andQ1~Q32018,respectively,primarilyresultedfromlowerpropertysalesrevenuecausedbyasignificantlysmallerfloorareasoldandsettled.
9.Theyear-on-yeardecreasesof72.00%and54.80%inoperatingcostsandexpensestoRMB220,059,287.49andRMB909,246,628.59duringQ32018andQ1~Q32018,respectively,primarilyresultedfromlowercostsandexpensesinthepropertysalesbusinesscausedbyasignificantlysmallerfloorareasoldandsettled.
10.Theyear-on-yeardecreasesof45.70%and86.31%intaxesandsurchargestoRMB55,644,770.75andRMB62,944,209.41duringQ32018andQ1~Q32018,respectively,primarilyresultedfromlowerlandvalueaddedtaxandthelikeduetolowerpropertysalesrevenue.
11.Theyear-on-yeardecreasesof38.54%and25.30%insellingexpensetoRMB5,511,547.16andRMB14,808,076.92duringQ32018andQ1~Q32018,respectively,primarilyresultedfromthedecreaseinsalesagentfeesandservicecharges.
12.Theyear-on-yearincreasesof168.00%and76.34%infinancecosts(negativefiguresrepresentincome)toRMB-10,838,996.25andRMB-38,456,220.90duringQ32018andQ1~Q32018,respectively,primarilyresultedfromhigherinterestincome.
13.AssetimpairmentlossstoodatRMB-4,797,271.69duringQ1~Q32018withreversaldown91.36%year-on-year,primarilyresultedfromthefactthatcertainpreviousvaluationallowancesontheBanshanYujing(Xuzhou)projectandtheHupanYujing(Yangzhou)projecthadbeenreversedinthesameperiodoflastyearduetorisingprices,whilethecurrentperiodsawlesssuchreversal.

14.InvestmentincomestoodatRMB1,348,773.97duringQ32018,up181.29%year-on-year,andwasRMB1,398,021.17duringQ1~Q32018,down26.13%year-on-year,primarilyresultedfromchangesincontributionsfromjointventures.
15.Thenetamountofnon-operatingincomeandexpensestoodatRMB206,685.38duringQ1~Q32018withsuchnetexpensedown104.39%year-on-year,primarilyresultedfromhigherconfiscatedincomeandfewerpaymentsforlegalmatters.
16.Theyear-on-yeardecreasesof72.95%and73.79%inincometaxexpensetoRMB18,351,487.77andRMB44,938,831.33duringQ32018andQ1~Q32018,respectively,primarilyresultedfromalowerprofit.
17.Operatingprofit,profitbeforetaxandnetprofit(attributabletotheCompanyastheparent)stoodatRMB80,582,782.78,RMB79,567,651.58andRMB61,216,163.81duringQ32018,down71.13%,71.55%and71.10%respectivelyyear-on-year,andwasRMB188,920,837.35,RMB189,127,522.73andRMB144,188,691.40duringQ1~Q32018,down74.89%,74.70%and74.97%respectivelyyear-on-year,primarilyresultedfromlesspropertysalesrevenueandalowergrossprofitmarginofsoldandsettledfloorareas.
18.Theyear-on-yeardecreasesof304.04%and312.41%inothercomprehensiveincome,netoftaxtoRMB-2,264,052.37andRMB-1,848,692.29duringQ32018andQ1~Q32018,respectively,primarilyresultedfromchangesinincomefromtranslationofforeigncurrency-denominatedfinancialstatementscausedbyexchangeratefluctuations.
19.Theyear-on-yearincreaseof114.09%innetcashgeneratedfrom/usedinoperatingactivitiestoRMB49,981,030.19duringQ1~Q32018primarilyresultedfrommorepaymentscollectedfromhomebuyersandthedecreaseintaxespaidduringthecurrentperiod.
20.Theyear-on-yeardecreaseof19.86%innetcashgeneratedfrom/usedininvestingactivitiestoRMB76,167,830.64duringQ1~Q32018primarilyresultedfromalowerpaymentreceivedinthecurrentperiodforthesharetransferoftwotaxiservicesubsidiaries.
21.Netcashgeneratedfrom/usedinfinancingactivitiesstoodatRMB-177,787,631.06duringQ1~Q32018,withsuchnetcashusedup65.77%fromthesameperiodoflastyear,primarilyresultedfromtheincreaseindividendspaidduringthecurrentperiod.
22.NetincreaseincashandcashequivalentsstoodatRMB-48,981,405.13duringQ1~Q32018,withsuchnetdecreasedown86.75%fromthesameperiodoflastyear,primarilyresultedfrommorepaymentscollectedfromhomebuyersandthedecreaseintaxespaidduringthecurrentperiod.
IIProgress,InfluenceandSolutionsAssociatedwithSignificantEvents
√Applicable□Notapplicable
InordertocontinuouslyoptimizetheCompany'sindustriallayoutandassetstructure,activelyrespondtothecallfortheresourceintegrationofmunicipalstate-ownedtaxienterprisesandforstrengtheningstrategicsynergeticdevelopmentofstate-ownedenterprisesandfollowthetrendoftheindustrialreform,theCompanyintendedtotransferthewholesharesinitssubsidiariesShenzhenInternationalTradeCenterCarIndustryCo.,Ltd.andShenzhenShenxinTaxiCo.,Ltd.toShenzhenBusGroupCo.,Ltd.(hereinafterreferredtoas“ShenzhenBus”)withpricenotlessthantheassetevaluationresultofRMB189.533million.Thissharetransferwasapprovedbythe17thMeetingofthe8thBoardofDirectorsheldon30June2017andthe1stExtraordinaryGeneralMeetingof2017heldon17July2017withindependentandprofessionalopinionsfromindependentdirectors.Inaddition,thesharetransferwasalsoapprovedbytheShenzhenState-ownedAssetsSupervisionandAdministrationCommission(hereinafterreferredtoas“ShenzhenSASAC”),andtheevaluationreportofthetargetcompanyregardingthisequitytransferhascompletedthefiling
procedureofShenzhenSASAC.Underthesharetransferagreement,theCompanyreceivedthebasictransferpriceofthesharetransferfromShenzhenBusrespectivelyon30August2017and29March2018.DuringtheReportingPeriod,theCompanyobtainedtheprofitorlossofrelevantperiodpaidbyShenzhenBus.Sofar,therightsandobligationsinvolvedintheabove-mentionedtransactionhavebeentotallyperformed,andthissharetransferdealwasclosed.
UnderthegeneraldeploymentbythegovernmentinShenzhenfortheadjustmentofstate-ownedassetsmanagementsystem,ShenzhenSASACissuedSZSASAC[2004]No.223on29September2004inwhichitdecidedtosetupShenzhenInvestmentHoldingsCo.,Ltd(hereinafterreferredtoas“SZIH”)takingtheformofmergerbynewestablishment.ThemergedpartiesinvolvedinareShenzhenInvestmentManagementCo.,Ltd.(hereinafterreferredtoas“SIM”),ShenzhenConstructionInvestmentHoldingsCorporation(hereinafterreferredtoas“SCIHC”)andShenzhenBusinessInvestmentHoldingsCorporation(hereinafterreferredtoas“SBIHC”).SCIHCheld323,796,324sharesofSZPRDandSIMheld56,582,573sharesofSZPRD,whichtotallyaccountedfor63.82%ofthetotalsharesofSZPRD.AftertheissuingofthedecisionbyShenzhenSASAConsettingupSZIHtakingtheformofmergerbynewestablishment,theCompanykeepsintroducingthissituationundertheitemofShareholders’Profileinannualreportssince2004(including2004)andshowedinvestorsthattheCompany’sactualcontrollingshareholderisSZIHandthattheCompany’sactualcontrollerisShenzhenSASAC.SZIHreceivedtheReplyontheConsentfortheExemptionofShenzhenInvestmentHoldingsCo.,Ltd.fromtheTenderOfferofShenzhenProperties&ResourcesDevelopment(Group)Ltd.(ZJXK<2018>No.1408)issuedbyChinaSecuritiesRegulatoryCommissionon5September2018.Formoredetails,pleaserefertotheCompany’srelevantannouncements.
Announcementofsignificant

                            Disclosuredate                          Disclosurewebsite

          event

                                            No.2017-28AnnouncementonResolutionofthe17thMeetingofthe8th
                        1July2017

                                            BoardDirectorsonwww.cninfo.com.cn

                                            No.2017-30AnnouncementonTransferofTotalSharesinTwoTaxi
                        1July2017          CompaniesundertheControloftheCompanytoShenzhenBusGroup
                                            Co.,Ltd.onwww.cninfo.com.cn

Thetotalsharetransferoftwo                                                                  1st

taxi  companiesunder  the                    No.2017-32AnnouncementonResolutionofthe    Extraordinary
                        18July2017

controloftheCompany                          GeneralMeetingof2017onwww.cninfo.com.cn

                                            No.2017-47AnnouncementontheProgressoftheTransferofTotal
                        8December2017      SharesinTwoTaxiCompaniesundertheControloftheCompanyto
                                            ShenzhenBusGroupCo.,Ltd.onwww.cninfo.com.cn

                                            No.2018-26AnnouncementontheProgressoftheTransferofTotal
                        27July2018          SharesinTwoTaxiCompaniesundertheControloftheCompanyto
                                            ShenzhenBusGroupCo.,Ltd.onwww.cninfo.com.cn

                                            No.2004-15IndicativeAnnouncementontheCompany’sState-owned
                        4November2004

                                            EquityManagementonwww.cninfo.com.cn

                                            No.2016-20AnnouncementontheProgressoftheCompany’s
                        15October2016

Managementofstate-owned                    State-ownedEquityManagementonwww.cninfo.com.cn

sharesheldbytheCompany                      No.2018-32AnnouncementonReceptionofReplyonConsentforthe
                                            ExemptionofShenzhenInvestmentHoldingsCo.,Ltd.fromtheTender
                        5September2018

                                            OfferObligationIssuedbyChinaSecuritiesRegulatoryCommissionon
                                            www.cninfo.com.cn

IIICommitmentsthattheCompany’sActualController,Shareholders,RelatedPartiesandAcquirers,aswellastheCompanyItselfandOtherParties,FailedtoFulfillonTimeduringReportingPeriod
□Applicable√Notapplicable
NosuchcasesintheReportingPeriod.
IV2018AnnualOperatingPerformanceForecast
Warningofaforecastlossonoraforecastsignificantyear-on-yearchangeinnetprofitforyear2018,aswellasexplanationofwhy:□Applicable√Notapplicable
VSecuritiesInvestments
√Applicable□Notapplicable

                                                                                                Unit:RMB
                                              Gain/LoAccumu

                                              sson  lated

                        Initial        Beginnifair-valufair-valuPurchasSoldinGain/los

SecuritySecuritySecurity        Measure  ng      e      e    edin  Reporti  sin  EndingAccountFunding
                      investm  ment  carryingchangeschangesReporti  ng  Reporticarrying

  type  code  name          methodamount  in  charged  ng  Period  ng  amountingtitlesource
                      entcost                Reporti        Period        Period

                                                ng    to

                                              Period  equity

                                                                                                  Obtaine
Domesti                                                                                    Availabl

              Gintian                                                                            d    in
cally/Ov400016                Fair                                                        e-for-sal

      、    A,      3,565,8        3,591,2                                      3,598,7        Gintian’
erseas                        value                                                        e

              Gintian    56.06          09.20                                        65.93        s  debt
listed  420016                method                                                      financia

              B                                                                                  restructu
stock                                                                                      lassets

                                                                                                  ring

                        3,565,8        3,591,2                                      3,598,7

Total                            --              0.00    0.00    0.00    0.00    0.00          --      --

                        56.06          09.20                                        65.93

Disclosure    date    of

announcementonBoard’s
consent  for  securities
investments

Disclosure    date    of

announcementongeneral
meeting’s  consent  for
securitiesinvestments(if
any)

VIWealthManagementEntrustment
□Applicable√Notapplicable
NosuchcasesintheReportingPeriod.
VIIInvestmentsinDerivativeFinancialInstruments
□Applicable√Notapplicable
NosuchcasesintheReportingPeriod.
VIIIVisitsPaidtotheCompanyforPurposesofResearch,Communication,Interview,etc.duringReportingPeriod
√Applicable□Notapplicable

      Dateofvisit              Wayofvisit            Typeofvisitor                    About

                                                                        InquiredoftheprogressofGolden
2July2018              SZSEEasyIR            Individual

                                                                        Collar’sResortProject

                                                                        Inquiredofsituationsofshareholdersof
3July2018              SZSEEasyIR            Individual

                                                                        theCompany

                                                                        Inquiredofthefollowingoperationof
17July2018            SZSEEasyIR            Individual

                                                                        GoldenCollar’sResortProject

                                                                        InquiredoftheprofileofGolden
20July2018            SZSEEasyIR            Individual

                                                                        Collar’sResortProject

                                                                        InquiredofthepresaleofGolden
20July2018            SZSEEasyIR            Individual

                                                                        Collar’sResortProject

                                                                        Inquiredofthe  situationof  pilot
14August2018          SZSEEasyIR            Individual

                                                                        State-ownedenterprisesinShenzhen

                                                                        InquiredofthedisclosureoftheInterim
21August2018          SZSEEasyIR            Individual

                                                                        Report

                                                                        Inquiredofthecooperationwithforeign
4September2018        SZSEEasyIR            Individual

                                                                        counterparts

                                                                        Inquired  of  the  key  corporate
4September2018        SZSEEasyIR            Individual

                                                                        information

                                                                        Inquiredoftheperformanceofthe
4September2018        SZSEEasyIR            Individual              Company    in    Guangdong-Hong
                                                                        Kong-MacaoBayArea

                                                                        InquiredoftheCompany’sleasing

4September2018        SZSEEasyIR            Individual

                                                                        business

                                                                        Inquiredofsituationsofshareholdersof
8September2018        SZSEEasyIR            Individual

                                                                        theCompany

IXIrregularitiesinProvisionofGuaranteesforExternalParties
□Applicable√Notapplicable
NosuchcasesintheReportingPeriod.
XOccupationoftheCompany’sCapitalbyControllingShareholderorItsRelatedPartiesforNon-OperatingPurposes
□Applicable√Notapplicable
NosuchcasesintheReportingPeriod.