China Merchants Property Development Co., Ltd. The First Quarterly Report 2011 (Full Text)
Stock Code: 000024, 200024 No.:【CMPD】2011－016
Short Form of the Stock: CMPD, CMPD-B
China Merchants Property Development Co., Ltd.
The First Quarterly Report 2011 (Full Text)
§1. Important Notes
1.1 Board of Directors and the Supervisory Committee of China Merchants Property Development Co., Ltd.
(hereinafter referred to as the Company) and its directors, supervisors and senior executives hereby confirm that
there are no any fictitious statements, misleading statements, or important omissions carried in this report, and
shall take all responsibilities, individual and/or joint, for the reality, accuracy and completion of the whole
contents.
1.2 The First Quarterly Financial Report of 2010 has not been audited by CPAs.
1.3 Sun Chengming – Legal Representative the Company, Huang Peikun –CFO, and Xu Yixia –Manager of
Financial Department hereby confirm hereby confirm that the Financial Report of the First Quarterly Report is
true and complete.
1.4 This report has been prepared in Chinese and English version respectively. In the event of differences in
interpretation between the two versions, the Chinese report shall prevail.
§2. Company Profile
2.1 Main accounting highlights and financial indexes:
Unit: RMB
Changes of
At the end of the report At the period-end of the
increase/decrease
period last year
(%)
Total assets (RMB) 62,211,661,769.00 59,818,240,763.00 4.00%
Shareholders’ equity attributable to
18,771,420,143.00 18,207,431,836.00 3.10%
shareholders of the listed company (RMB)
Share capital (Share) 1,717,300,503.00 1,717,300,503.00 0.00%
Net asset per share attributable to
shareholders of listed company 10.93 10.60 3.11%
(RMB/Share)
Changes of
The same period of last
In the report period increase/decrease
year
(%)
Total operating income (RMB) 2,832,919,477.00 2,424,036,323.00 16.87%
Net profit attributable to shareholders of the
561,570,608.00 384,901,880.00 45.90%
listed company (RMB)
Net cash flow arising from operating
-928,182,873.00 -793,859,169.00 -16.92%
activities (RMB)
Net cash flow arising from operating
-0.54 -0.46 -16.92%
activities per share (RMB/Share)
Basic earnings per share (RMB/Share) 0.33 0.22 50.00%
Diluted earnings per share (RMB/Share) 0.33 0.22 50.00%
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China Merchants Property Development Co., Ltd. The First Quarterly Report 2011 (Full Text)
up by 0.70
Weighted average return on equity (%) 3.04% 2.34%
percentage points
Weighted average return on equity after
up by 0.71
deducting non-recurring gains and losses 3.03% 2.32%
percentage points
(%)
Amount in year-begin to
Items of non-recurring gains and losses
the end of report period
Gains and losses from the disposal of non-current assets -38,026.00
Government subsidies 1,120,000.00
Other non-operating income and expenditure except for the aforementioned items 525,138.00
Influenced amount of minority shareholders’ equities -460,254.00
Influenced amount of income tax -400,096.00
Total 746,762.00
2.2 Total number of shareholders at the end of the report period and shares held by the top ten
shareholders with unrestricted conditions
Unit: Share
Total number of shareholders 88,291 (including 76,075 A-share holders and 12,216
at the end of report period B-share holders)
Particulars about the shares held by the top ten tradable shareholders with unrestricted conditions
Amount of tradable shares
Full name of shareholder with unrestricted conditions Type of shares
held at the end of report period
China Merchants Zhangzhou Development Zone Co., Ltd. 37,878,788 A shares
Penghua Value Advantage Stock-linked Security Investment
22,999,562 A shares
Fund
China Life Insurance Company Co., Ltd.-traditional-ordinary
21,159,919 A shares
insurance products-005L-CT001 Shen
China International Fund Management Co., Ltd. China
20,000,000 A shares
Advantage Securities Investment Fund
Full Goal Selected Mixed Open-ended Security Investment
17,099,671 A shares
Fund
CNCA A/C COMPAGNIE FINANCIERE EDMOND DE
ROTHSCHILD
16,064,502 B shares
Invesco Great Wall Blue Chip votes Selected Securities
11,897,314 A shares
Investment Fund
Fullgoal Fund Management Co., Ltd. Innovation Theme Equity
10,011,118 A shares
Securities Investment Fund
China International Fund Management Co., Ltd. Domestic
10,009,817 A shares
Power Equity Securities Investment Fund
Dynamic growth of mixed-Peng Hua Securities Investment
9,999,918 A shares
Fund
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China Merchants Property Development Co., Ltd. The First Quarterly Report 2011 (Full Text)
§3 Significant Events
3.1 Details and causations of major change in major accounting subjects and financial indices
√ applicable □ not applicable Unit: RMB
Increase/dec
Items 2011.03.31 2010.12.31 Main reasons for changes
rease (± %)
Decreased due to decrease in NDF
Trading financial
- 846,539 -100% contract and fluctuation in market
assets
price of NDF in the report period
Other floating Increase in advance guarantee money
1,257,792,422 980,538,674 28%
assets and earnest money for land bidding
Long-term
711,035,130 597,610,091 19% Increases in loans
investments
Decreased in note settlement
Notes payable 89,060,142 275,616,189 -68%
amount
Account received
12,854,724,907 11,268,654,826 14% Increase in the real estate sale items
in advance
Interests payable 167,123,120 109,123,639 53% Increases in loans
increased minority shareholders’
Dividends payable 297,778,204 124,209,948 140%
dividend payable
Increase/dec
Items Jan-Mar 2011 Jan-Mar 2010 Main reasons for changes
rease (± %)
Operating income 2,832,919,477 2,424,036,323 17% Increases of sales income of property
Operating cost 1,554,169,324 1,443,764,646 8% Increases of sales cost of property
Operating tax and Increase in sales income of property
369,580,105 279,890,107 32%
extras caused the increase of taxes
Increase in advertising expenses and
Sales expense 71,424,568 55,215,258 29%
labor costs
Administrative Companies and staff increased in
68,386,835 50,880,224 34%
expense scope of consolidated statement
Financial expense 20,229,279 -1,503,577 1445% Increase in interest expense
Gains from
Reduce the fair value of the NDF
changes of fair -786,656 15,632,821 -105%
contracts
value
Adjustment to increase interest in
Investment gains 20,043,550 3,915,704 412%
associates
Minority
Decreased in settlement profit of
shareholders’ 873,938 96,940,770 -99%
joint-ventured company
gains and losses
3.2 Analysis and explanation of significant events and their influence and solutions
□Applicable √Inapplicable
3.2.1 None-standard opinions
□applicable √ not applicable
3.2.2 Illegal providing of capital or guarantees to the holding shareholder or its related parties or
external parties
□applicable √ not applicable
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China Merchants Property Development Co., Ltd. The First Quarterly Report 2011 (Full Text)
3.2.3 Signing and execution of major business contracts
□applicable √ not applicable
3.2.4 Misc.
√ applicable □ not applicable
The Company has been actively acting to meet with the requirement of Shenzhen Securities Regulatory
Commission regarding internal control, and attached high importance to construction of internal control system. In the
report term, the Company has conducted the operations including: The Enterprise Internal Control Criteria was
approved by the Board of Directors and disclosed on March 22; the Internal Control Section was established, and the
main members are assigned; internal control work plan was produced to clarify missions of each stage; external
consulting agent has been primarily decided.
3.3 Fulfilling of commitment issues made by the Company, shareholder, or substantial controller
√ applicable □ not applicable
Implementati
Item of Commitments Promisee Content of commitments
on
The Shekou Industrial Zone promised not to sell or
transfer its own original non-outstanding shares within
24 months since the date when such shares obtained the
right to be listed and traded (i.e. February 9, 2006); not
Within the
to sell the total number of shares exceeding 5% of the
report period,
total capital stock of the China Merchants Real Estate
the Shekou
through the listed trades at Shenzhen Stock Exchange
Commitments for Share Shekou within 12 months after the expiration of the 24 months
Industrial
Merger Reform Industrial Zone Zone
hereinabove; and not to sell the A-shares of the China
fulfilled the
Merchants Real Estate that it has at the price lower than
commitment
120% of the mean arithmetical value of closing prices
strictly.
for 30 trading days prior to the announcement of the
Split-Share Reform Solution through listed trades at
Shenzhen Stock Exchange within 36 months after the
expiration of the above-mentioned 24 months.
The Shekou Industrial Zone promised to neither directly
or indirectly conduct or develop the same or similar
Within the
business or projects with that of the Company, nor
report period,
found, develop, participate in, or assist any enterprise
the Shekou
Other commitments Shekou for Shekou Industrial Zone or on behalf of any related
Industrial
(including additional Industrial Zone party or the third party to directly or indirectly compete Zone
commitments) with the Company; neither use the information obtained
fulfilled the
from the Company to conduct or participate in activities
commitment
to compete with the Company, nor conduct any other
strictly.
competitive activity hurting or possibly hurting interests
of the Company.
3.4 Estimated accumulative profit from the year beginning to the end of the next report period may be of
deficits; or in comparison with the same period of the previous year, give the warning of great change and
the notice to the reasons.
□applicable √ not applicable
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China Merchants Property Development Co., Ltd. The First Quarterly Report 2011 (Full Text)
3.5 Major events needs to be explained
3.5.1 Investment in securities
□applicable √ not applicable
3.5.2 Reception of investigations, communications, or interviews
Contents discussed and
Date Place Method Investor
materials supplied
Jan. 06, 2011 Hong Kong Strategy Conference ICBC Credit Suisse
Jan. 07, 2011 Hong Kong Strategy Conference JEFFERIES
Customers from
Jan. 10, 2010 Shekou, Shenzhen Spot research
CITIC Securities
Telephone
Jan. 11, 2011 Shekou, Shenzhen Investors
Investigation
Telephone
Jan. 13 2011 Shekou, Shenzhen Investors
Investigation
Jan. 18, 2011 Shanghai Strategy Conference UBS
Jan. 26 2011 Shekou, Shenzhen Strategy Conference JEFFERIES Introduction to operations of
Feb. 16, 2011 Shekou, Shenzhen Strategy Conference United Securities the Company; discussion on
development of industry;
Feb. 16, 2011 Shekou, Shenzhen Spot research Dacheng Fund offered disclosed information
Telephone and propaganda pamphlet on
Feb. 17, 2011 Shekou, Shenzhen Investors project of the Company.
Investigation
Feb. 18, 2011 Shekou, Shenzhen Spot research Deutsche Bank
Feb. 21, 2011 Shekou, Shenzhen Spot research Hai Tong Securities
Telephone
Mar. 9, 2011 Shekou, Shenzhen Investors
Investigation
Telephone
Mar.13, 2011 Shekou, Shenzhen Investors
Investigation
CICC、CITI、Guotai
Mar.31, 2011 Shekou, Shenzhen Spot research Junan Securities、and
total 40 institutions
3.6 Investment in derivate financial instruments
√ applicable □ not applicable
Within the report period, the main market risk of positions
in derivatives was the influence of the market quotation
fluctuation of Non-Deliverable Forward (NDF) trades on
the fair value change of open contracts. However, the
Statement on risk analysis and control measures for fundamental purpose of the Company to carry out NDF
position in derivatives within the report period trades is to lock up exchange rates avoiding the exchange
(including but not limited to market, liquidity, credit, rate risk caused by borrowing foreign currency loans.
operational and law risks.) Therefore, with true foreign exchange loans as the base of
trades, the amounts and times of trades matched foreign
exchange loans, covering the open of risks. The risks are
controllable as the forward exchange rates are identified at
the time when trades are happening.
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China Merchants Property Development Co., Ltd. The First Quarterly Report 2011 (Full Text)
Being established by the Company, the trade-off system of
financial derivatives restricts the types of financial
derivatives whose trades the Company can participate in
and clearly provides for the trade size, approval
authorization, operating process, risk control and
supervision, and information disclosure of such a trade,
systematically ensuring the control of trade risks.
As of end of 2010, the quotation of the one-year CNY/USD
product in NDF market appreciated by approximately
Changes in market price or fair value of invested 2.26%; At end of March 2011, the quotation nearly
derivatives within the report period; and the specific appreciated 1.68%. The loss of NDF fair value resulting
method and the set relevant assumptions and from price change in the first quarter 2011 is RMB 790,000,
parameters that the Company used for analyzing fair with the investment loss from the settled NDF contracts
values of derivatives shall be disclosed. reaching RMB 6,980,000. The Company analyzed fair
values of derivatives by using the approach of market value,
with the adjustment of fair values at the end of each month.
Describe any significant change happening to the
accounting policy and audit-specific principles of
N/A
derivatives within the report period comparing with
the last report period.
3.6.1 Derivate financial instrument stock at end of report term
√ applicable □ not applicable
Unit: RMB
Proportion of
contract amount
Contract amount Contract amount Gains/losses in in period-end in
Contract kind
in period-begin in period-end the report period net assets at the
end of report
period
Foreign currency future contracts 2,337,860,822.00 1,481,794,019.00 -7,770,841.01 7.89%
Total 2,337,860,822.00 1,481,794,019.00 -7,770,841.01 7.89%
§4. Appendix
4.1 Balance sheet
Prepared by China Merchants Properties Development Co., Ltd. March 31, 2011 Unit: RMB
Balance at period-end Balance at year-begin
Items Consolidation Parent Company Consolidation Parent Company
Current assets:
Monetary funds 9,725,294,348.00 2,779,248,350.00 9,676,385,052.00 3,701,866,661.00
Settlement provisions
Capital lent
Transaction finance asset 846,539.00
Notes receivable
Accounts receivable 84,135,284.00 102,603,093.00
Accounts paid in advance 4,167,576.00 5,598,968.00
Insurance receivable
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China Merchants Property Development Co., Ltd. The First Quarterly Report 2011 (Full Text)
Reinsurance receivables
Contract reserve of
reinsurance receivable
Interest receivable
Dividend receivable 2,169,117,072.00 2,169,117,072.00
Other receivables 4,070,362,837.00 20,191,574,576.00 4,144,714,137.00 19,692,350,788.00
Purchase restituted finance
asset
Inventories 40,779,027,313.00 38,699,347,411.00
Non-current asset due
1,523,830.00 936,793.00
within one year
Other current assets 1,257,792,422.00 980,538,674.00
Total current assets 55,922,303,610.00 25,139,939,998.00 53,610,970,667.00 25,563,334,521.00
Non-current assets:
Granted loans and
advances
Finance asset available for
sales
Held-to-maturity
investment
Long-term account
1,277,795,730.00 995,074,579.00 1,260,737,445.00 981,013,052.00
receivable
Long-term equity
711,035,130.00 3,716,617,922.00 597,610,091.00 3,538,956,943.00
investment
Investment property 3,399,439,216.00 3,438,215,323.00
Fixed assets 258,947,161.00 357,206.00 260,939,762.00 367,487.00
Construction in progress 28,638,013.00 23,327,061.00
Engineering material
Disposal of fixed asset
Productive biological asset
Oil and gas asset
Intangible assets
Expense on Research and
Development
Goodwill
Long-term expenses to be
162,506,393.00 165,985,049.00
apportioned
Deferred income tax asset 450,996,516.00 460,455,365.00
Other non-current asset
Total non-current asset 6,289,358,159.00 4,712,049,707.00 6,207,270,096.00 4,520,337,482.00
Total assets 62,211,661,769.00 29,851,989,705.00 59,818,240,763.00 30,083,672,003.00
Current liabilities:
Short-term loans 1,298,019,007.00 1,156,227,000.00 1,172,132,283.00 998,021,500.00
Loan from central bank
Absorbing deposit and
interbank deposit
Capital borrowed
Transaction financial
20,746,137.00 20,824,615.00
liabilities
Notes payable 89,060,142.00 275,616,189.00
Accounts payable 4,315,903,931.00 4,757,667,163.00
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China Merchants Property Development Co., Ltd. The First Quarterly Report 2011 (Full Text)
Accounts received in
12,854,724,907.00 11,268,654,826.00
advance
Selling financial asset of
repurchase
Commission charge and
commission payable
Wage payable 101,525,577.00 209,497.00 207,232,511.00 5,371,108.00
Taxes payable 519,176,323.00 6,968,969.00 614,789,018.00 5,240,509.00
Interest payable 167,123,120.00 125,010,585.00 109,123,639.00 83,065,942.00
Dividend payable 297,778,204.00 124,209,948.00
Other accounts payable 5,238,423,099.00 5,436,072,561.00 5,743,381,514.00 5,825,384,664.00
Reinsurance payables
Insurance contract reserve
Security trading of agency
Security sales of agency
Non-current liabilities due
1,829,406,800.00 66,227,000.00 1,856,422,159.00 500,000,000.00
within 1 year
Other current liabilities 2,500,887,488.00 2,357,741,683.00
Total current liabilities 29,232,774,735.00 6,790,715,612.00 28,507,795,548.00 7,417,083,723.00
Non-current liabilities:
Long-term loans 11,137,135,834.00 7,189,883,500.00 9,995,835,344.00 6,783,316,000.00
Bonds payable
Long-term account
65,089,368.00 58,587,176.00
payable
Special accounts payable
Projected liabilities 105,011,770.00 106,289,589.00
Deferred income tax
liabilities
Other non-current
3,816,700.00 3,816,700.00
liabilities
Total non-current liabilities 11,311,053,672.00 7,189,883,500.00 10,164,528,809.00 6,783,316,000.00
Total liabilities 40,543,828,407.00 13,980,599,112.00 38,672,324,357.00 14,200,399,723.00
Owner’s equity (or
shareholders’ equity):
Paid-in capital (or share
1,717,300,503.00 1,717,300,503.00 1,717,300,503.00 1,717,300,503.00
capital)
Capital public reserve 8,484,453,421.00 8,927,054,193.00 8,484,453,421.00 8,927,054,193.00
Less: Inventory shares
Reasonable reserve
Surplus public reserve 899,462,584.00 848,511,191.00 899,462,584.00 848,511,191.00
Provision of general risk
Retained profit 7,502,477,833.00 4,378,524,706.00 6,940,907,225.00 4,390,406,393.00
Balance difference of
167,725,802.00 165,308,103.00
foreign currency translation
Total owner’s equity
18,771,420,143.00 15,871,390,593.00 18,207,431,836.00 15,883,272,280.00
attributable to parent company
Minority interests 2,896,413,219.00 2,938,484,570.00
Total owner’s equity 21,667,833,362.00 15,871,390,593.00 21,145,916,406.00 15,883,272,280.00
Total liabilities and owner’s
62,211,661,769.00 29,851,989,705.00 59,818,240,763.00 30,083,672,003.00
equity
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China Merchants Property Development Co., Ltd. The First Quarterly Report 2011 (Full Text)
4.2 Profit statement in the report period
Prepared by China Merchants Properties Development Co., Ltd. Jan.-Mar. 2011 Unit: RMB
This period Last period
Items
Consolidation Parent Company Consolidation Parent Company
I. Total operating income 2,832,919,477.00 2,424,036,323.00
Including: Operating income 2,832,919,477.00 2,424,036,323.00
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 2,083,793,416.00 22,763,640.00 1,828,249,580.00 -1,280,504.00
Including: Operating cost 1,554,169,324.00 1,443,764,646.00
Interest expense
Commission charge and
commission expense
Cash surrender value
Net amount of expense of
compensation
Net amount of withdrawal
of insurance contract reserve
Bonus expense of
guarantee slip
Reinsurance expense
Operating tax and extras 369,580,105.00 279,890,107.00
Sales expenses 71,424,568.00 55,215,258.00
Administration expenses 68,386,835.00 6,302,974.00 50,880,224.00 4,659,541.00
Financial expenses 20,229,279.00 16,460,666.00 -1,503,577.00 -5,940,045.00
Losses of devaluation of
3,305.00 2,922.00
asset
Add: Changing income of
fair value(Loss is listed with -786,656.00 15,632,821.00
“-”)
Investment income (Loss
20,043,550.00 10,881,953.00 3,915,704.00 9,997,288.00
is listed with “-”)
Including: Investment
income on affiliated company 15,425,039.00 -339,021.00 -238,373.00 -1,140,195.00
and joint venture
Exchange income (Loss is
listed with “-”)
III. Operating profit (Loss is
768,382,955.00 -11,881,687.00 615,335,268.00 11,277,792.00
listed with “-”)
Add: Non-operating
2,454,722.00 5,608,501.00
income
Less: Non-operating
847,610.00 2,244,226.00
expense
Including: Disposal loss of
38,026.00 72,672.00
non-current asset
IV. Total Profit (Loss is listed
769,990,067.00 -11,881,687.00 618,699,543.00 11,277,792.00
with “-”)
Less: Income tax 207,545,521.00 136,856,893.00 2,362,536.00
V. Net profit (Net loss is listed
562,444,546.00 -11,881,687.00 481,842,650.00 8,915,256.00
with “-”)
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China Merchants Property Development Co., Ltd. The First Quarterly Report 2011 (Full Text)
Net profit attributable to
owner’s equity of parent 561,570,608.00 -11,881,687.00 384,901,880.00 8,915,256.00
company
Minority shareholders’
873,938.00 96,940,770.00
gains and losses
VI. Earnings per share
i. Basic earnings per share 0.33 0.22
ii. Diluted earnings per share 0.33 0.22
VII. Other consolidated income 2,417,699.00 851,199.00 447,208.00
VIII. Total consolidated income 564,862,245.00 -11,881,687.00 482,693,849.00 9,362,464.00
Total consolidated income
attributable to owners of parent 563,988,307.00 -11,881,687.00 385,753,079.00 9,362,464.00
company
Total consolidated income
attributable to minority 873,938.00 96,940,770.00
shareholders
4.3 Cash flow statement
Prepared by China Merchants Properties Development Co., Ltd. Jan.-Mar. 2011 Unit: RMB
Amount in this period Amount in last period
Items
Consolidation Parent Company Consolidation Parent Company
I. Cash flows arising from
operating activities:
Cash received from selling
commodities and providing 4,423,016,856.00 2,376,845,424.00
labor services
Net increase of customer
deposit and interbank deposit
Net increase of loan from
central bank
Net increase of capital
borrowed from other financial
institution
Cash received from
original insurance contract fee
Net cash received from
reinsurance business
Net increase of insured
savings and investment
Net increase of disposal of
transaction financial asset
Cash received from interest,
commission charge and
commission
Net increase of capital
borrowed
Net increase of returned
business capital
Write-back of tax received 15,222,784.00
Other cash received
459,539,494.00 91,901,745.00 282,302,017.00 73,708,970.00
concerning operating activities
Subtotal of cash inflow 4,882,556,350.00 91,901,745.00 2,674,370,225.00 73,708,970.00
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China Merchants Property Development Co., Ltd. The First Quarterly Report 2011 (Full Text)
arising from operating activities
Cash paid for purchasing
commodities and receiving 3,516,857,557.00 2,144,687,245.00 340,000,000.00
labor service
Net increase of customer
loans and advances
Net increase of deposits in
central bank and interbank
Cash paid for original
insurance contract
compensation
Cash paid for interest,
commission charge and
commission
Cash paid for bonus of
guarantee slip
Cash paid to/for staff and
294,299,282.00 5,761,928.00 229,860,929.00 4,515,097.00
workers
Taxes paid 893,677,175.00 331,132.00 632,574,717.00 296,099.00
Other cash paid
1,105,905,209.00 902,037,943.00 461,106,503.00 671,751,687.00
concerning operating activities
Subtotal of cash outflow
5,810,739,223.00 908,131,003.00 3,468,229,394.00 1,016,562,883.00
arising from operating activities
Net cash flows arising
-928,182,873.00 -816,229,258.00 -793,859,169.00 -942,853,913.00
from operating activities
II. Cash flows arising from
investing activities:
Cash received from
recovering investment
Cash received from
investment income
Net cash received from
disposal of fixed, intangible and 3,630.00 3,430.00
other long-term assets
Net cash received from
disposal of subsidiaries and
other units
Other cash received
concerning investing activities
Subtotal of cash inflow
3,630.00 3,430.00
from investing activities
Cash paid for purchasing
fixed, intangible and other 19,200,263.00 2,030,375.00
long-term assets
Cash paid for investment 98,000,000.00 178,000,000.00 28,125,469.00
Net increase of mortgaged
loans
Net cash received from
subsidiaries and other units
Other cash paid
6,819,097.00 6,977,067.00
concerning investing activities
Subtotal of cash outflow
124,019,360.00 178,000,000.00 37,132,911.00
from investing activities
Net cash flows arising
-124,015,730.00 -178,000,000.00 -37,129,481.00
from investing activities
III. Cash flows arising from
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China Merchants Property Development Co., Ltd. The First Quarterly Report 2011 (Full Text)
financing activities
Cash received from
51,250,000.00
absorbing investment
Including: Cash received
from absorbing minority
51,250,000.00
shareholders’ investment by
subsidiaries
Cash received from loans 2,146,077,138.00 862,794,500.00 2,109,233,376.00 550,000,000.00
Cash received from issuing
bonds
Other cash received
concerning financing activities
Subtotal of cash inflow
2,197,327,138.00 862,794,500.00 2,109,233,376.00 550,000,000.00
from financing activities
Cash paid for settling debts 905,905,283.00 731,794,500.00 989,658,613.00 400,000,000.00
Cash paid for dividend and
profit distributing or interest 250,343,741.00 59,396,640.00 124,798,842.00 43,444,187.00
paying
Including: Dividend and
profit of minority shareholder 154,627,031.00 61,556,629.00
paid by subsidiaries
Other cash paid
889,447,969.00
concerning financing activities
Subtotal of cash outflow
1,156,249,024.00 791,191,140.00 2,003,905,424.00 443,444,187.00
from financing activities
Net cash flows arising
1,041,078,114.00 71,603,360.00 105,327,952.00 106,555,813.00
from financing activities
IV. Influence on cash and cash
equivalents due to fluctuation in 2,658,433.00 7,588.00 -581,586.00
exchange rate
V. Net increase of cash and cash
-8,462,056.00 -922,618,310.00 -726,242,284.00 -836,298,100.00
equivalents
Add: Balance of cash and
cash equivalents at the period 8,914,595,308.00 3,691,866,660.00 8,775,661,067.00 6,258,540,842.00
-begin
VI. Balance of cash and cash
8,906,133,252.00 2,769,248,350.00 8,049,418,783.00 5,422,242,742.00
equivalents at the period -end
4.4 Auditor’ report
Auditor’s opinions: Un-audited
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