China Merchants Property Development Co., Ltd. The 1st Quarterly Report 2013 (Full Text)
Stock Code: 000024, 200024 Stock ID: CMPD, CMPD B
Announcement No. 【CMPD】2013－018
China Merchants Property Development Co., Ltd.
The 1st Quarterly Report 2013 (Full Text)
§1 Important Declaration
1.1 The Board of Directors, the Supervisory Committee, the directors, supervisors and executives of the Company
guarantee that there are no significant omissions, fictitious or misleading statements carried in the Report and we
will accept individual and joint responsibilities for the truthfulness, accuracy and completeness of the Report.
1.2 All of the directors presented the board meeting at which this Quarterly Report was examined.
1.3 The 1st Quarterly Financial Statements 2013 were not audited by a CPA.
1.4 Mr. Lin Shaobin - the legal representative, Mr. Huang Peikun – the chief financial officer, and Ms. Xu Yixia –
the manager of accounting department declare: the financial reports carried in this report are secured for its
truthfulness and completeness.
1.5 This report is prepared both in English and Chinese. When there is any conflict in understanding, the Chinese
version shall prevail.
§2 Financial Highlights and Change of Shareholders
2.1 Key financial information
Ended this report term Ended previous year Changed by (%)
Total asset (Yuan) 115,341,843,833.76 109,197,242,683.06 5.63%
Owners’ equity attributable to the shareholders of the listed
24,204,216,618.69 23,393,515,534.13 3.47%
company (Yuan)
Total capital share (shares) 1,717,300,503 1,717,300,503.00 0.00%
Net asset per share attributable to the shareholders of the listed
14.09 13.62 3.47%
company (Yuan/share)
Same period last
This report term Changed by (%)
year
Turnover (Yuan) 6,144,504,542.89 70.38%
3,606,361,060.00
Net profit attributable to shareholders of the listed company
810,701,084.56 88.79%
(Yuan) 429,425,315.00
Net Cash flow generated by business operation (Yuan) 790,021,934.12 439.86%
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China Merchants Property Development Co., Ltd. The 1st Quarterly Report 2013 (Full Text)
-232,454,924.00
Net Cash flow per share generated by business operation
0.46 -0.14 439.86%
(Yuan/share)
Basic earnings per share (Yuan/share) 0.47 0.25 88.79%
Diluted earnings per share (Yuan/share) 0.47 0.25 88.79%
Weighted average net Increased by 1.33
3.41% 2.08%
income/asset ratio (%) percentage point
Weighted average net Increased by 1.28
3.37% 2.09%
income/asset ratio less non-recurring gain/loss(%) percentage point
Was there any retrospective adjustment or restatement during the reporting period?
Yes [√] No
Non-recurring gain/loss items and amounts
[√] Applicable Not applicable
Amount from beginning of year to the end of report
Non-recurring gain and loss items
period
Gain/loss of non-current assets 328,041.44
Other non-business income and expenditures other than the above 23,546,170.63
Influenced amount of minority shareholders’ equity -8,847,785.19
Influenced amount of income tax -5,882,027.22
Total 9,144,399.66
2.2 Total of shareholders and top-10 holders of current shares
In shares
Top 10 Shareholders
Frozen or
Amount of
Properties of Share pledged
Name of the shareholder Amount of shares unconditional shares
shareholder proportion (%) Status of
held Amount
shares
China Merchants Shekou State-owned legal
40.38% 693,419,317 693,419,317 None None
Industrial Zone Co., Ltd. person
Quantianyu Investment Co.,
Overseas legal person 5.48% 94,144,050 94,144,050 None None
Ltd.
China Merchants Securities
Overseas legal person 2.90% 49,841,778 49,242,245 None None
Hong Kong Ltd.
FOXTROT INTERNATIONAL
Overseas legal person 1.61% 27,720,000 27,720,000 None None
LIMITED
ORIENTURE INVESTMENT
Overseas legal person 1.55% 26,603,145 26,603,145 None None
LTD
Domestic
Guangfa Jufu Open Securities
non-state-owned legal 0.70% 12,000,071 None N/A N/A
Investment Foundation
person
GOLDEN CHINA MASTER
Overseas legal person 0.68% 11,736,760 None N/A N/A
FUND
Guangdong Development Bank Domestic
0.64% 11,000,000 None N/A N/A
Growth Stock Fund non-state-owned legal
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China Merchants Property Development Co., Ltd. The 1st Quarterly Report 2013 (Full Text)
person
Domestic
Bank of Communications
non-state-owned legal 0.63% 10,800,000 None N/A N/A
Schroders Fund Growth Stock
person
Jiashi Scheme Best Choice Domestic
Combined Stock Investment non-state-owned legal 0.61% 10,523,120 None N/A N/A
Fund person
Top 10 holders of unconditional shares
Amount of shares without Category of shares
Name of the shareholder
trade limited conditions
Category of shares Amount
Guangfa Jufu Open Securities Investment Foundation 12,000,071 A shares 12,000,071
GOLDEN CHINA MASTER FUND 11,736,760 B shares 11,736,760
Guangdong Development Bank Growth Stock Fund 11,000,000 A shares 11,000,000
Bank of Communications Schroders Fund Growth Stock 10,800,000 A shares 10,800,000
Jiashi Scheme Best Choice Combined Stock Investment Fund 10,523,120 A shares 10,523,120
Fuguo Tianbo Innovation Scheme Stock Investment Fund 10,011,118 A shares 10,011,118
BOCI SECURITIES LIMITED 9,965,700 B shares 9,965,700
Yifangda Shenzhen Index 100 Open Stock Fund 9,821,470 A shares 9,821,470
Xihua Life Insurance Co., Ltd. – dividend – individual dividend
9,594,539 A shares 9,594,539
– 018L – FH002 Shen
Bank of Communications Schroders Fund Blue Chip
9,356,000 A shares 9,356,000
Investment
1. Among the shares held by China Merchants Securities Hong Kong Ltd., there were 49,242,245 shares purchased by Dafeng
International in previous years;
2. China Merchants Shekou Industrial Zone and its subsidiaries Quantianyu Investment, Dafeng International, FOXTROT
INTERNATIONAL LIMITED, and ORIENTURE INVESTMENT LTD are action-in-concert parties.
3. Guangfa Jufu Open Securities Investment Foundation and Guangdong Development Bank Growth Stock Fund were under the
same foundation management company;
4. Bank of Communications Schroders Fund Growth Stock and Bank of Communications Schroders Fund Blue Chip Investment
were under the same foundation management company.
§3 Significant Events
3.1 Situation and causations of major change in accounting items and indices
Items 2013.03.31 2012.12.31 Changed by % Major causes
Monetary
24,047,665,901.57 18,239,272,247.93 32% Increase of company size
capital
Fixed assets 1,580,055,426.66 435,194,977.76 263% Transferring to fixed asset under Beijing Kanglade Hotel
Short-term
3,255,000,000.00 2,105,000,000.00 55% Change of loan composition
loans
Employees’
143,093,518.68 334,040,494.12 -57% Payment of wages
wage payable
Dividend
90,165,059.98 290,165,059.98 -69% Payment of dividends payable
payable
Non-current
liability due in 10,830,337,281.97 7,380,992,296.97 46% Increase of long-term borrowings due in 1 year
1 year
Items Jan-Mar 2013 Jan-Mar 2012 Changed by % Major causes
Turnover 6,144,504,542.89 3,606,361,060.00 70% Increase of property sales area transferred
Total operation
4,400,332,188.29 2,765,115,171.00 59% Increase of property sales area transferred
cost
Business tax
1,072,572,145.86 624,221,441.00 72% Increase of property sales income transferred
and surcharge
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China Merchants Property Development Co., Ltd. The 1st Quarterly Report 2013 (Full Text)
Administrative
105,779,045.75 80,362,181.00 32% Increase of company size
expense
Gain/loss from
change of fair - -5,562,749.00 -100% No transactional financial assets at current period
value
Investment
2,305,013.32 5,028,136.00 -54% Decrease of investment gains from affiliates and joint ventures
income
Non-operational
26,428,550.53 870,668.00 2935% Gain from fiscal subsidies
income
Minor
shareholders’ 478,791,025.98 140,152,696.00 242% Profits increase due to cooperation projects
equity
3.2 Progress of major issues and their influences and solutions
□applicable √ not applicable
3.3 Commitment issues made by the Company or shareholders with over 5% of shares in the
report term or carried down from the previous terms.
Date of
Party of Term of Status of
Commitments Content of Commitments commitme
commitment commitment fulfilling
nt
Due at the day In the report
after two years term,
Commitment in Will input properties including high quality lands to support
Dec 9 upon stop CMSIZ was
share equity CMSIZ the Company’s development after the share equity
2005 holding of the fully acting
relocation relocation.
Company’s as
shares committed.
CMSIZ, the controlling shareholder of the Company,
promised not to conduct or participate with 3rd parties in
Due at the day In the report
any business or activities possibly competing with the
Other after two years term,
Company in terms of business, new commodities and new
commitments to Mar 19 upon stop CMSIZ was
CMSIZ technology in any forms (including but not limited to direct
mid-small 2008 holding of the fully acting
operation, indirect operation, joint investment). Never use
shareholders Company’s as
the information obtained from the Company to conduct or
shares committed.
participate in and competitive activities against the
Company.
3.4 Business forecast for Jan-Jun 2013
Alert of loss or significant change in net profit from the beginning of year to the end of next report period or comparing with the
same period of last year, and statement of causations.
□applicable √ not applicable
3.5 Securities investment
□applicable √ not applicable
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China Merchants Property Development Co., Ltd. The 1st Quarterly Report 2013 (Full Text)
3.6 Investment of derivate instruments
Derivate instruments in stock at the end of period
□applicable √ not applicable
3.7 Progress of internal control system
In the report period, the Company performed self-evaluation on the internal control of 2012 according to the
requirements of the Guide to Internal Control issued by the Department of Bureau and other authorities. It came
out with the Internal Control Self-evaluation Report of 2012, and audited by the auditor and produced the
Auditors’ Report.
At the beginning of March, the Company launched internal control construction of year 2013, which was
setting up of process team to refine the business processes according to the Standard of Internal Control. The work
was on going up to the end of the report period.
3.8 Reception of investigations, communications, or interviews
Main
content
Time/date Type of involved
Place Way Visitors
YYYY/MM/DD visitors and
material
provided
Shenz Telephone Organization
2013/1/7 Dongxing Securities
hen communication investors
Shenz Telephone Organization
2013/1/8 Ruixin Fangzheng
hen communication investors
Shenz Telephone Individual
2013/1/8 Individual investors
hen communication investors
Shenz Organization
2013/1/9 Field research Zhongtou Securities, Zhonghuan Assets
hen investors
Organization
2013/1/11 HK Conference JP Morgan Asset Mgt，RCM Cap Mgt
investors
Shenz Organization
2013/1/11 Field research CITIC Securities
hen investors
Shenz Telephone Organization
2013/1/12 Heqi Investment
hen communication investors
Shenz Telephone Organization
2013/1/15 Full Vision Capital
hen communication investors
Shenz Organization
2013/1/15 Field research Changsheng Foundation, Zhongjin Securities
hen investors
(1)
Shenz Organization Compan
2013/1/17 Field research Zhongxin Construction
hen investors y
Shenz Organization business
2013/1/17 Field research Huatai Securities, Changxin Foundation
hen investors operation
Shenz Telephone Organization situation
2013/1/17 Templeton
hen communication investors
Shenz Organization (2)
2013/1/18 Field research Xinhua Fund
hen investors Industria
Shenz Organization l
2013/1/21 Field research Xincheng Fund, Guotai Junan
hen investors develop
Shenz Organization Jefferies, Baida Asset Management, Xingjian Asset ment
2013/1/22 Field research
hen investors Management, Dongfang Huili, Full vision Capital discussio
Shenz Strategy Organization n
2013/1/22 Guotai Junan Strategy Association
hen conference investors
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China Merchants Property Development Co., Ltd. The 1st Quarterly Report 2013 (Full Text)
Shenz Telephone Organization (3) To
2013/1/23 Orient Securities
hen communication investors provide
Shenz Telephone Organization announc
2013/1/23 Ruixin Fangzheng
hen communication investors ements
Shenz Organization and
2013/1/23 Field research Bocom Schroeder promotio
hen investors
Shenz Organization n
2013/1/23 Field research IVY Asset Management, 1st Shanghai Securities brochure
hen investors
Guoxin Securities, Guangfa Securities, 1st Venture s
Shenz Organization
2013/1/24 Conference Security, Rongtong Foundation, and Bank of China Life
hen investors (4)
Insurance
Shenz Telephone Organization Visiting
2013/1/25 Shenyin Wanguo the sites
hen communication investors
CITIC Securities, Cape Asset Management, Libang of
Shenz Organization propertie
2012/1/25 Conference Investment Consultant, Unify Securities Investment &
hen investors s on sale,
Trust
Shenz Organization providin
2013/1/29 Field research Huaxia Foundation g the
hen investors
Shenz Strategy Organization prospect
2013/1/31 Guoxin Securities Strategy Conference us
hen conference investors
Organization
2013/2/1 HK Conference Barclays
investors
Organization
2013/2/5 HK Field research Pinpoint Asset Mgt
investors
Shenz Organization
2013/2/7 Field research Nomura International, UBS, AMP Capital
hen investors
Shenz Organization
2013/2/22 Field research Barclays
hen investors
Suzh Organization
2012/2/26 Field research Huatai united
ou investors
Zhenj Organization
2013/2/27 Field research Zhongjin Co.
iang investors
Shenz Field research Organization Oriental Securities, Xincheng Foundation, Huaxia
2013/2/27
hen investors Foundation
Shenz Field research Organization
2013/2/27 Guohai Securities
hen investors
Shenz Telephone Individual
2013/3/21 Bank of China International
hen communication investors
Shenz Telephone Organization
2013/3/22 Orient Securities
hen communication investors
Shenz Telephone Organization
2013/3/27 Goldman Sachs Gao Hua
hen communication investors
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China Merchants Property Development Co., Ltd. The 1st Quarterly Report 2013 (Full Text)
§4 Financial Statements
4.1 Consolidated Financial Statements
Prepared by: China Merchants Property Development Co., Ltd.
In RMB Yuan
Items Closing balance Openning balance
Current asset:
Monetary capital 24,047,665,901.57 18,239,272,247.93
Settlement provision
Outgoing call loan
Transactional financial assets
Notes receivable 9,676,922.89 5,748,800.00
Account receivable 75,079,706.59 162,099,162.73
Prepayment 7,247,532.32 8,287,184.01
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts receivable
Interest receivable 269,583.30
Dividend receivable
Other account receivable 8,598,437,578.49 8,183,491,572.92
Repurchasing of financial assets
Inventories 72,550,492,851.90 73,637,940,073.11
Non-current asset due in 1 year 12,554,648.25 16,756,858.87
Other current asset 2,852,028,425.00 2,818,269,943.98
Total of current asset 108,153,183,567.01 103,072,135,426.85
Non-current assets
Disburse of consigned loans
Sellable financial asset
Expired investment in possess
Long-term receivable 49,721,270.00 49,721,270.00
Long-term share equity investment 1,047,923,486.23 1,083,249,770.92
Investment real estates 3,071,619,522.49 3,117,335,984.24
Fixed assets 1,580,055,426.66 435,194,977.76
Construction in process 89,627,791.72 88,458,273.58
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China Merchants Property Development Co., Ltd. The 1st Quarterly Report 2013 (Full Text)
Engineering goods
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 26,410.00
R&D expense
Goodwill 159,560,861.23 159,560,861.23
Long-term amortizable expenses 240,608,314.38 249,438,693.12
Deferred income tax asset 949,517,184.04 942,147,425.36
Other non-current asset
Total of non-current assets 7,188,660,266.75 6,125,107,256.21
Total of assets 115,341,843,833.76 109,197,242,683.06
Current liabilities
Short-term loans 3,255,000,000.00 2,105,000,000.00
Loan from Central Bank
Deposit received and hold for others
Call loan received
Transactional financial liabilities
Notes payable 59,030,532.58 47,610,662.59
Account payable 9,587,459,559.34 11,796,898,896.95
Advances received 31,312,850,297.90 28,463,966,430.34
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 143,093,518.68 334,040,494.12
Tax payable 1,482,374,430.07 1,951,582,353.18
Interest payable 154,542,254.27 119,767,822.92
Dividend payable 90,165,059.98 290,165,059.98
Other account payable 7,847,598,013.53 8,502,352,593.09
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Non-current liability due in 1 year 10,830,337,281.97 7,380,992,296.97
Other current liability 4,676,255,292.73 4,256,735,641.00
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China Merchants Property Development Co., Ltd. The 1st Quarterly Report 2013 (Full Text)
Total of current liability 69,438,706,241.05 65,249,112,251.14
Non-current liabilities
Long-term borrowings 15,041,084,277.44 14,378,013,872.78
Bond payable
Long-term payable 101,293,651.04 100,207,107.75
Special payable
Anticipated liabilities 13,858,493.56 14,017,011.26
Deferred income tax liability
Other non-recurring liabilities 14,130,060.00 16,613,440.00
Total of non-current liabilities 15,170,366,482.04 14,508,851,431.79
Total of liability 84,609,072,723.09 79,757,963,682.93
Owners’ equity (or shareholders’ equity)
Capital paid in (or share capital) 1,717,300,503.00 1,717,300,503.00
Capital reserves 8,386,926,298.12 8,386,926,298.12
Less: Shares in stock
Special reserves
Surplus reserves 1,027,780,997.90 1,027,780,997.90
Common risk provision
Retained profit 12,983,801,641.29 12,173,100,556.73
Difference of foreign currency translation 88,407,178.38 88,407,178.38
Total of owner’s equity belong to the parent company 24,204,216,618.69 23,393,515,534.13
Minor shareholders’ equity 6,528,554,491.98 6,045,763,466.00
Total of owners’ equity 30,732,771,110.67 29,439,279,000.13
Total of liabilities and owners’ equity 115,341,843,833.76 109,197,242,683.06
4.2 Balance Sheet of the Parent Co.
Prepared by: China Merchants Property Development Co., Ltd.
In RMB Yuan
Items Closing balance Openning balance
Current asset:
Monetary capital 6,567,359,518.34 5,277,807,877.29
Transactional financial assets
Notes receivable
Account receivable
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China Merchants Property Development Co., Ltd. The 1st Quarterly Report 2013 (Full Text)
Prepayment 1,344,750.00
Interest receivable
Dividend receivable 2,877,702,095.70 2,877,702,095.70
Other account receivable 26,803,545,616.76 29,644,653,819.13
Inventories 1,224,000,000.00
Non-current asset due in 1 year 15,300,000.00
Other current asset
Total of current asset 36,249,951,980.80 39,039,463,792.12
Non-current assets
Sellable financial asset
Expired investment in possess
Long-term receivable
Long-term share equity investment 5,686,668,511.90 5,657,339,312.90
Investment real estates
Fixed assets 343,856.05 345,629.58
Construction in process
Engineering goods
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets
R&D expense
Goodwill
Long-term amortizable expenses
Deferred income tax asset
Other non-current asset
Total of non-current assets 5,687,012,367.95 5,657,684,942.48
Total of assets 41,936,964,348.75 44,697,148,734.60
Current liabilities
Short-term loans 3,055,000,000.00 1,905,000,000.00
Transactional financial liabilities
Notes payable
Account payable
Advances received
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China Merchants Property Development Co., Ltd. The 1st Quarterly Report 2013 (Full Text)
Employees’ wage payable 472,094.30 7,927,525.00
Tax payable 3,331,705.27 466,320.21
Interest payable 128,302,809.32 111,221,455.00
Dividend payable
Other account payable 8,303,535,612.90 13,556,711,178.36
Non-current liability due in 1 year 6,065,052,160.00 3,894,234,275.00
Other current liability
Total of current liability 17,555,694,381.79 19,475,560,753.57
Non-current liabilities
Long-term borrowings 7,856,448,640.00 8,604,667,725.00
Bond payable
Long-term payable
Special payable
Anticipated liabilities
Deferred income tax liability
Other non-recurring liabilities
Total of non-current liabilities 7,856,448,640.00 8,604,667,725.00
Total of liability 25,412,143,021.79 28,080,228,478.57
Owners’ equity (or shareholders’ equity)
Capital paid in (or share capital) 1,717,300,503.00 1,717,300,503.00
Capital reserves 8,927,054,193.00 8,927,054,193.00
Less: Shares in stock
Special reserves
Surplus reserves 976,829,604.90 976,829,604.90
Common risk provision
Retained profit 4,903,637,026.06 4,995,735,955.13
Different of foreign currency translation
Total of owners’ equity (or shareholders’ equity) 16,524,821,326.96 16,616,920,256.03
Total of liability and shareholders’ equity (or owners’ equity) 41,936,964,348.75 44,697,148,734.60
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China Merchants Property Development Co., Ltd. The 1st Quarterly Report 2013 (Full Text)
4.3 Consolidated Income Statement
Prepared by: China Merchants Property Development Co., Ltd.
In RMB Yuan
Items Amount of the Current Term Amount of the Previous Term
I. Total revenue 6,144,504,542.89 3,606,361,060.00
Incl. Business income 6,144,504,542.89 3,606,361,060.00
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 4,400,332,188.29 2,765,115,171.00
Incl. Business cost 3,038,699,049.28 1,898,368,645.00
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net insurance policy reserves provided
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 1,072,572,145.86 624,221,441.00
Sales expense 121,258,008.42 109,563,524.00
Administrative expense 105,779,045.75 80,362,181.00
Financial expenses 62,547,650.00 52,592,465.00
Asset impairment loss -523,711.02 6,915.00
Plus: gains from change of fair value (“-“ for loss) -5,562,749.00
Investment gains (“-“ for loss) 2,305,013.32 5,028,136.00
Incl. Investment gains from affiliates 1,495,013.32 1,755,369.00
Exchange gains (“-“ for loss) -
III. Operational profit (“-“ for loss) 1,746,477,367.92 840,711,276.00
Plus: non-operational income 26,428,550.53 870,668.00
Less: non-operational expenditure 2,554,338.46 1,745,394.00
Incl. Loss from disposal of non-current assets 152,944.56 298,023.00
IV. Gross profit (“-“ for loss) 1,770,351,579.99 839,836,550.00
Less: Income tax expenses 480,859,469.45 270,258,539.00
V. Net profit (“-“ for net loss) 1,289,492,110.54 569,578,011.00
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China Merchants Property Development Co., Ltd. The 1st Quarterly Report 2013 (Full Text)
Including: Net profit realized by the entity taken over before
the takeover
Net profit attributable to the owners of parent company 810,701,084.56 429,425,315.00
Minor shareholders’ equity 478,791,025.98 140,152,696.00
VI. Earnings per share:
(I) Basic earnings per share 0.4721 0.2500
(II) Diluted earnings per share 0.4721 0.2500
VII. Other misc. incomes
VIII. Total of misc. incomes 1,289,492,110.54 569,578,011.00
Total of misc. incomes attributable to the owners of the
810,701,084.56 429,425,315.00
parent company
Total misc gains attributable to the minor shareholders 478,791,025.98 140,152,696.00
4.4 Income Statement of the Parent Co.
Prepared by: China Merchants Property Development Co., Ltd.
In RMB Yuan
Items Amount of the Current Term Amount of the Previous Term
I. Turnover 7,590,000.00
Less: Operation cost 533,339.20
Business tax and surcharge 425,799.00
Sales expense
Administrative expense 7,872,705.76 5,991,007.00
Financial expenses 90,186,284.11 47,865,046.00
Asset impairment loss
Plus: gains from change of fair value (“-“ for loss)
Investment gains (“-“ for loss) -670,801.00 -182,403.00
Incl. Investment gains from affiliates -670,801.00 -852,773.00
II. Operational profit (“-“ for loss) -92,098,929.07 -54,038,456.00
Plus: Non business income -
Less: Non-business expenses
Incl. Loss from disposal of non-current assets
III. Total profit (“-“ for loss) -92,098,929.07 -54,038,456.00
Less: Income tax expenses -
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China Merchants Property Development Co., Ltd. The 1st Quarterly Report 2013 (Full Text)
IV. Net profit (“-“ for net loss) -92,098,929.07 -54,038,456.00
V. Earnings per share -
(I) Basic earnings per share
(II) Diluted earnings per share
VI. Other misc gains
VII. Total of integrated income -92,098,929.07 -54,038,456.00
4.5 Consolidated Cash Flow Statement
Prepared by: China Merchants Property Development Co., Ltd.
In RMB Yuan
Amount of the Current Amount of the Previous
Items
Term Term
I. Net cash flow from business operation
Cash received from sales of products and providing of services 8,949,900,347.76 5,615,868,070.00
Net increase of customer deposits and capital kept for brother company
Net increase of loans from central bank
Net increase of inter-bank loans from other financial bodies
Cash received against original insurance contract
Net cash received from reinsurance business
Net increase of client deposit and investment
Net increase of trade financial asset disposal
Cash received as interest, processing fee, and commission
Net increase of inter-bank fund received
Net increase of repurchasing business
Tax returned 10,955,527.37 6,750.00
Other cash received from business operation 1,088,709,883.94 827,649,199.00
Sub-total of cash inflow from business activities 10,049,565,759.07 6,443,524,019.00
Cash paid for purchasing of merchandise and services 4,749,445,280.89 3,996,265,062.00
Net increase of client trade and advance
Net increase of savings in central bank and brother company
Cash paid for original contract claim
Cash paid for interest, processing fee and commission
Cash paid for policy dividend
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China Merchants Property Development Co., Ltd. The 1st Quarterly Report 2013 (Full Text)
Cash paid to staffs or paid for staffs 428,182,923.49 335,381,117.00
Taxes paid 1,316,379,429.67 867,339,244.00
Other cash paid for business activities 2,765,536,190.90 1,476,993,520.00
Sub-total of cash outflow from business activities 6,675,978,943
9,259,543,824.95
Cash flow generated by business operation, net -232,454,924
790,021,934.12
II. Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment profit 80,123.00
Net cash retrieved from disposal of fixed assets, intangible assets, and
53,220.00 30,780.00
other long-term assets
Net cash received from disposal of subsidiaries or other operational units
Other investment-related cash received
Sub-total of cash inflow due to investment activities 30,780.00
133,343.00
Cash paid for construction of fixed assets, intangible assets and other
14,394,647.30 3,751,329.00
long-term assets
Cash paid as investment 24,246,000.00 85,685,238.00
Net increase of loan against pledge
Net cash received from subsidiaries and other operational units 5,100,000.00 5,244,360.00
Other cash paid for investment activities
Sub-total of cash outflow due to investment activities 94,680,927.00
43,740,647.30
Net cash flow generated by investment -94,650,147.00
-43,607,304.30
III. Cash flow generated by financing
Cash received as investment 4,000,000.00 98,000,000.00
Incl. Cash received as investment from minor shareholders 4,000,000.00 98,000,000.00
Cash received as loans 7,097,703,401.23 3,615,439,000.00
Cash received from bond placing
Other financing-related cash received
Subtotal of cash inflow from financing activities 7,101,703,401.23 3,713,439,000.00
Cash to repay debts 1,830,420,000.00 627,191,269.00
Cash paid as dividend, profit, or interests 207,698,026.13 320,495,556.00
Incl. Dividend and profit paid by subsidiaries to minor shareholders
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China Merchants Property Development Co., Ltd. The 1st Quarterly Report 2013 (Full Text)
Other cash paid for financing activities
Subtotal of cash outflow due to financing activities 2,038,118,026.13 947,686,825.00
Net cash flow generated by financing 5,063,585,375.10 2,765,752,175.00
IV. Influence of exchange rate alternation on cash and cash equivalents -1,606,351.28 102,343.00
V. Net increase of cash and cash equivalents 5,808,393,653.64 2,438,749,447.00
Plus: Balance of cash and cash equivalents at the beginning of term 18,239,272,247.93 13,659,974,240.00
VI. Balance of cash and cash equivalents at the end of term 24,047,665,901.57 16,098,723,687.00
4.6 Cash Flow Statement of the Parent Co.
Prepared by: China Merchants Property Development Co., Ltd.
In RMB Yuan
Items Amount of the Current Term Amount of the Previous Term
I. Net cash flow from business operation
Cash received from sales of products and providing of services 7,590,000.00
Tax returned
Other cash received from business operation 482,041,331.33 370,740,794.00
Sub-total of cash inflow from business activities 489,631,331.33 370,740,794.00
Cash paid for purchasing of merchandise and services
Cash paid to staffs or paid for staffs 7,554,447.41 5,157,052.00
Taxes paid 1,022,567.49 1,084,183.00
Other cash paid for business activities 1,537,674,739.29 2,048,133,534.00
Sub-total of cash outflow from business activities 1,546,251,754.19 2,054,374,769.00
Cash flow generated by business operation, net -1,056,620,422.86 -1,683,633,975.00
II. Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment profit
Net cash retrieved from disposal of fixed assets, intangible assets,
and other long-term assets
Net cash received from disposal of subsidiaries or other
operational units
Other investment-related cash received
Sub-total of cash inflow due to investment activities
Cash paid for construction of fixed assets, intangible assets and
1,344,750.00
other long-term assets
Cash paid as investment 30,000,000.00 184,430,000.00
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China Merchants Property Development Co., Ltd. The 1st Quarterly Report 2013 (Full Text)
Net cash received from subsidiaries and other operational units
Other cash paid for investment activities
Sub-total of cash outflow due to investment activities 31,344,750.00 184,430,000.00
Net cash flow generated by investment -31,344,750.00 -184,430,000.00
III. Cash flow generated by financing
Cash received as investment
Cash received as loans 3,750,500,000.00 2,697,009,000.00
Cash received from bond placing
Other financing-related cash received
Subtotal of cash inflow from financing activities 3,750,500,000.00 2,697,009,000.00
Cash to repay debts 1,176,500,000.00 483,009,000.00
Cash paid as dividend, profit, or interests 196,479,984.66 219,227,556.00
Other cash paid for financing activities
Subtotal of cash outflow due to financing activities 1,372,979,984.66 702,236,556.00
Net cash flow generated by financing 2,377,520,015.34 1,994,772,444.00
IV. Influence of exchange rate alternation on cash and cash equivalents -3,201.43 217.00
V. Net increase of cash and cash equivalents 1,289,551,641.05 126,708,686.00
Plus: Balance of cash and cash equivalents at the beginning of
5,277,807,877.29 5,036,890,168.00
term
VI. Balance of cash and cash equivalents at the end of term 6,567,359,518.34 5,163,598,854.00
4.7 Auditors’ Report
If the 1st Quarterly Financial Statements are audited
□applicable √ not applicable
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