China Merchants Property Development Co., Ltd. The 3rd Quarterly Report 2011 (Full text)
Stock Code: 000024, 200024 Stock ID: CMPD, CMPD B Announcement No. 【CMPD】2011-025
China Merchants Property Development Co., Ltd.
The 3rd Quarterly Report 2011 (Full text)
§1 Important Declaration
1.1 The Board of Directors and the directors 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 The 3rd Quarterly Report is not audited by CPA.
1.3 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 is secured for its
truthfulness and completeness.
1.4 This report is prepared both in English and Chinese. When there is any conflict in understanding, the Chinese
version shall prevail.
§2 Company Profile
2.1 Financial highlights
In RMB Yuan
2011.9.30 2010.12.31 Extent of Change (%)
Gross Assets (RMB) 71,675,215,687 59,818,240,763 19.82%
Owners’ equity attributable to the
20,164,782,237 18,207,431,836 10.75%
shareholders of the listed company (yuan)
Capital shares (shares) 1,717,300,503 1,717,300,503 0.00%
Net asset per share attributable to the
shareholders of the listed company 11.74 10.60 10.75%
(Yuan/share)
Changed over the same Changed over the same
Jul-Sept 2011 Jan-Sept 2011
period of last year (%) period of last year (%)
Turnover (yuan) 4,380,778,392 68.26% 12,472,263,536 30.13%
Net profit attributable to shareholders of the
615,944,786 63.51% 2,084,532,197 46.09%
listed company (yuan)
Net Cash flow generated by business
- - -2,741,396,512 -22.49%
operation (RMB)
Net Cash flow per share generated by
- - -1.60 -22.49%
business operation (yuan/share)
Basic earnings per share (Yuan/share) 0.36 63.51% 1.21 46.09%
Diluted earnings per share (Yuan/share) 0.36 63.51% 1.21 46.09%
Weighted average net
3.11% Increased by 0.94% 10.86% Increased by 2.45%
income/asset ratio (%)
Weighted average net
income/asset ratio less non-recurring 3.11% Increased by 0.96% 10.86% Increased by 2.47%
gain/loss(%)
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China Merchants Property Development Co., Ltd. The 3rd Quarterly Report 2011 (Full text)
Non-recurring gain and loss items
√ applicable □ not applicable
In RMB Yuan
Non-recurring gain and loss items Amount
Gain/loss of non-current assets -497,045
Government subsidies accounted into current gain/loss account, other than those closely
related to the Company’s common business, comply with the national policy and continues 1,619,000
to enjoy at certain fixed rate or amount.
Other non-business income and expenditures other than the above -1,703,461
Influenced amount of minority shareholders’ equity -493,530
Influenced amount of income tax 117,084
Total -957,952
2.2 Total of shareholders and the top 10 holders of unconditional shares
in shares
Total shareholders at the end of the report period
67,964
(accounts)
Top ten holders of the shares without subscription limitation
Amount of unconditional shares
Full name of shareholder Categories
held at the end of report term
CM Zhangzhou Development Zone Ltd. 34,760,600 A shares
National Social Insurance Foundation 102 Portfolio 23,436,423 A shares
Shangtou Morgan China Advantages Securities
20,270,000 A shares
Investment Fund
CNCA A/C COMPAGNIE FINANCIERE EDMOND
18,882,045 B shares
DE ROTHSCHILD
Fuguo Tianrui Fine Blend Open Fund 17,099,671 A shares
Nuo’an Value Growth Stock & Securities Investment
17,091,616 A shares
Fund
Shangtou Morgan Internal Power Stock Investment
13,899,848 A shares
Fund
China Life Insurance Ltd. – conventional insurance
13,159,919 A shares
product –005L-CT001
BOCI SECURITIES LIMITED 12,392,660 B shares
Yinhua – Dow Joans 88 Fine Selected Securities
12,099,687 A shares
Investment Fund
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China Merchants Property Development Co., Ltd. The 3rd 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 In RMB Yuan
Changed
Items 2011.09.30 2010.12.31 Major causes
by %
Transactional Increased by handover of NDF contracts in the period and
2,492,009 846,539 194%
financial assets fluctuation of NDF market prices
Long-term share
847,232,601 597,610,091 42% Increase of investment in affiliates
equity investment
Construction in
57,093,544 23,327,061 145% Increase of expenditures for power supply facilities
process
Differed income tax
285,273,849 460,455,365 -38% Disburse of partial taxes
asset
Short-term loans 2,436,858,409 1,172,132,283 108% Expanding of business scale
Trade off financial Decreased by handover of NDF contracts in the period and
13,506,986 20,824,615 -35%
liabilities fluctuation of NDF market prices
Notes payable - 275,616,189 -100% Repaying of due notes
Employees’ wage
128,052,049 207,232,511 -38% Disburse of employees’ wages payable
payable
Interest payable 151,131,670 109,123,639 38% Increase of total borrowing
Dividend payable 360,988,522 124,209,948 191% Increase of dividend payable
Non-current liability
4,507,386,972 2,357,741,683 91% Transferring in of long term borrowings
due in 1 year
Long-term payable 78,365,312 58,587,176 34% Increase of mainbody maintainance fund
Jan-Sept. Changed
Items Jan-Sept 2011 Major causes
2010 by %
Turnover 12,472,263,536 9,584,685,607 30% Increase of property clearance
Business tax and
2,234,957,796 1,126,992,261 98% Increased along with increase of property clearance income
surcharge
Sales expense 285,999,689 163,617,872 75% Expanding of business scale
Administrative
226,762,007 155,641,596 46% Expanding of business scale
expense
Financial expenses -26,790,947 -2,793,807 859% Increase of exchange gains
Income from change
8,963,099 -860,876 1141% Increased by fluctuation of NDF fair markets
of fair value
Investment income 58,294,066 38,558,420 51% Increase of investment returns from affiliates
Income tax expenses 946,818,003 585,673,458 62% Increase of total profit
Minor shareholders’
653,710,054 361,821,446 81% Net profit from joint projects increaased
equity
3.2 Progress of significant events, their influence, countermeasures, and analysis
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
3.2.3 Signing and execution of major business contracts
□applicable √ not applicable
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China Merchants Property Development Co., Ltd. The 3rd Quarterly Report 2011 (Full text)
3.2.4 Misc.
□applicable √ not applicable
3.3 Fulfilling of commitment issues made by the Company, shareholder, or substantial controller
√ applicable □ not applicable
The
Commitments Content of Commitments Status of fulfilling
undertaker
In the report term,
Commitment in share Will input properties including high quality lands to support the
CMSIZ CMSIZ was fully
equity relocation Company’s development after the share equity relocation.
acting as committed.
CMSIZ, the controlling shareholder of the Company, promised not to
conduct or participate with 3rd parties in any business or activities
Other commitments
possibly competing with the Company in terms of business, new In the report term,
(including
CMSIZ commodities and new technology in any forms (including but not CMSIZ was fully
supplementary
limited to direct operation, indirect operation, joint investment). Never acting as committed.
commitments)
use the information obtained from the Company to conduct or
participate in and competitive activities against 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
3.5 Major events needs to be explained
3.5.1 Investment in securities
□applicable √ not applicable
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China Merchants Property Development Co., Ltd. The 3rd Quarterly Report 2011 (Full text)
3.5.2 Reception of investigations, communications, or interviews
√ applicable □ not applicable
Main content involved and material
Time/date Place Way Visitors
provided
Shekou Telephone
2011.07.03 Orient Securities
Shenzhen communication
Shekou Telephone
2011.07.05 Individual investors
Shenzhen communication
Shekou
2011.07.07 Field research Lianhe Huatai, Jiashi Fund
Shenzhen
Shekou
2011.07.07 Field research Guotai Junan and its clients
Shenzhen
Shekou
2011.08.09 Field research CITIC Securities and its clients
Shenzhen
Shekou Construction Bank International and its
2011.08.10 Field research
Shenzhen clients
Shekou Telephone
2011.08.09 JEFFERIES
Shenzhen communication
Shekou Dongguan Securities, No.1 Securites,
2011.08.19 Field research
Shenzhen Anbang Asset Management
Shekou
2011.08.25 Field research Zhongtou Securities (1) Company business operation
Shenzhen
Shekou situation
2011.08.26 Field research Xiangcai Securities
Shenzhen (2) Industrial development
Shekou discussion
2011.09.07 Field research British Investment Co.
Shenzhen (3) To provide announcements and
Shekou Telephone promotion brochures
2011.09.08 Individual investors
Shenzhen communication (4) Visiting the sites of properties on
Shekou Telephone sale, providing the prospectus
2011.09.08 Guotai Junan
Shenzhen communication
Shekou Telephone
2011.09.09 Ping’an Securities
Shenzhen communication
Shekou
2011.09.09 Field research Guoxin Securities and its clients
Shenzhen
Shekou Telephone
2011.09.15 Ruixin Fangzheng
Shenzhen communication
Shekou Telephone
2011.09.15 Orient Securities
Shenzhen communication
Shekou Telephone
2011.09.16 Individual investors
Shenzhen communication
2011.09.16 Beijing Field research Investor
Shekou Telephone
2011.09.16 Jinli Investment
Shenzhen communication
Shekou
2011.09.16 Field research CITIC Securities and its clients
Shenzhen
2011.09.24 Shanghai Field research Minsheng Securities
Shekou Telephone
2011.09.28 Ping’an Securities
Shenzhen communication
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China Merchants Property Development Co., Ltd. The 3rd Quarterly Report 2011 (Full text)
3.6 Investment in derivate financial instruments
√ applicable □ not applicable
In the report term, the major market risks of derivate investment products
were the impacts of fluctuation of NDF contracts on the fair values. However
the Company’s purpose to involve in NDF trade was to lockup the exchange
rate and avoid the risks brought by borrowing of foreign currencies, thus it
Statement on analyzing and controlling of risks with was on the basis of real borrowings in foreign currency, its trading amount
derivate investment in the report term (including but not and timing are matching with the borrowings of foreign currency and covers
limited to market risks, liquidity risks, credit risks, the risks. The exchange rate of the future contract has been fixed as soon as
operation risks, and legal risks. been traded, therefore the risks are under control.
The Company has established the “Regulations of Trade of Derivate Financial
Instruments” which limited the categories, scale, authorization, operation
procedures, risk control, and information disclosure over the derivate
instruments. It provides a systematic ground for controlling of risks.
At end of December 2011, the 1-year RMB/USD NDF has quoted equal to
0.71% of devalue, while at end of December 2010, it was 2.26% of increase,
Change of derivate instrument market price or fair fluctuation of fair value of NDF in September 2011 caused RMB8.96 million
value, information disclosing on the fair value, relative of gains, whereas the NDF contract handover has caused losses of RMB23.13
estimation and setting of indexes million. Market price basis is adopted by the Company in analyzing of
derivate instrument fair value, and the fair values are adjusted at end of each
month.
Statement on major alternation in accounting polices
and accounting basis on derivate instruments comparing None
with last year
Particular comments of the independent directors on
Not applicable
investment of derivate instruments and risk controlling
3.6.1 Derivate financial instrument stock at end of report term
√ applicable □ not applicable
In RMB Yuan
Amount of the contract
Amount of the contract Amount of the contract Gain/loss in the
Category of contracts at end of term on the net
at beginning of term at end of term report term
asset (%)
ＮＤＦContracts 2,337,860,822 1,143,882,000 -14,161,928 5.67%
Total 2,337,860,822 1,143,882,000 -14,161,928 5.67%
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China Merchants Property Development Co., Ltd. The 3rd Quarterly Report 2011 (Full text)
§4 Attachments
4.1 Balance Sheet
Prepared by China Merchants Property Development Co., Ltd. Ended September 30, 2011 RMB Yuan
Ending balance Balance at the beginning of year
Items
Consolidated Parent company Consolidated Parent company
Current asset:
Monetary capital 12,347,304,089.00 3,316,810,192.00 9,676,385,052.00 3,701,866,661.00
Settlement provision
Outgoing call loan
Transactional financial assets 2,492,009.00 846,539.00
Notes receivable
Account receivable 96,574,361.00 102,603,093.00
Prepayment 4,993,692.00 5,598,968.00
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts receivable
Interest receivable
Dividend receivable 1,986,481,528.00 2,169,117,072.00
Other account receivable 4,748,868,069.00 24,476,556,122.00 4,144,714,137.00 19,692,350,788.00
Repurchasing of financial assets
Inventories 46,978,016,344.00 38,699,347,411.00
Non-current asset due in 1 year 441,926.00 936,793.00
Other current asset 1,239,742,590.00 980,538,674.00
Total of current asset 65,418,433,080.00 29,779,847,842.00 53,610,970,667.00 25,563,334,521.00
Non-current assets
Disburse of consigned loans
Available-for-sale financial asset
Expired investment in possess
Long-term receivable 1,318,904,337.00 1,020,600,666.00 1,260,737,445.00 981,013,052.00
Long-term share equity investment 847,232,601.00 3,718,601,532.00 597,610,091.00 3,538,956,943.00
Investment real estates 3,323,417,914.00 3,438,215,323.00
Fixed assets 255,877,248.00 401,071.00 260,939,762.00 367,487.00
Construction in process 57,093,544.00 23,327,061.00
Engineering goods
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets
R&D expense
Goodwill
Long-term amortizable expenses 168,983,114.00 165,985,049.00
Differed income tax asset 285,273,849.00 460,455,365.00
Other non-current asset
Total of non-current assets 6,256,782,607.00 4,739,603,269.00 6,207,270,096.00 4,520,337,482.00
Total of assets 71,675,215,687.00 34,519,451,111.00 59,818,240,763.00 30,083,672,003.00
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China Merchants Property Development Co., Ltd. The 3rd Quarterly Report 2011 (Full text)
Current liabilities
Short-term loans 2,436,858,409.00 2,180,647,000.00 1,172,132,283.00 998,021,500.00
Loan from Central Bank
Deposit received and hold for others
Call loan received
Trade off financial liabilities 13,506,986.00 20,824,615.00
Notes payable 275,616,189.00
Account payable 4,239,840,266.00 4,757,667,163.00
Prepayment received 14,073,845,326.00 11,268,654,826.00
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 128,052,049.00 960,782.00 207,232,511.00 5,371,108.00
Tax payable 569,314,865.00 6,977,236.00 614,789,018.00 5,240,509.00
Interest payable 151,131,670.00 66,435,289.00 109,123,639.00 83,065,942.00
Dividend payable 360,988,522.00 83,210,318.00 124,209,948.00
Other account payable 6,472,153,478.00 6,787,196,695.00 5,743,381,514.00 5,825,384,664.00
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Non-current liability due in 1 year 4,507,386,972.00 1,761,245,000.00 1,856,422,159.00 500,000,000.00
Other current liability 2,543,209,194.00 2,357,741,683.00
Total of current liability 35,496,287,737.00 10,886,672,320.00 28,507,795,548.00 7,417,083,723.00
Non-current liabilities
Long-term borrowings 12,303,793,987.00 8,036,970,500.00 9,995,835,344.00 6,783,316,000.00
Bond payable
Long-term payable 78,365,312.00 58,587,176.00
Special payable
Anticipated liabilities 102,090,679.00 106,289,589.00
Differed income tax liability
Other non-recurring liabilities 3,816,700.00 3,816,700.00
Total of non-current liabilities 12,488,066,678.00 8,036,970,500.00 10,164,528,809.00 6,783,316,000.00
Total of liability 47,984,354,415.00 18,923,642,820.00 38,672,324,357.00 14,200,399,723.00
Owners’ equity (or shareholders’ equity)
Capital paid in (or share capital) 1,717,300,503.00 1,717,300,503.00 1,717,300,503.00 1,717,300,503.00
Capital reserves 8,478,831,944.00 8,927,054,193.00 8,484,453,421.00 8,927,054,193.00
Less: Shares in stock
Special reserves
Surplus reserves 899,462,584.00 848,511,191.00 899,462,584.00 848,511,191.00
Common risk provision
Retained profit 8,819,363,362.00 4,102,942,404.00 6,940,907,225.00 4,390,406,393.00
Different of foreign currency translation 249,823,844.00 165,308,103.00
Total of owner’s equity belong to the parent company 20,164,782,237.00 15,595,808,291.00 18,207,431,836.00 15,883,272,280.00
Minor shareholders’ equity 3,526,079,035.00 2,938,484,570.00
Total of owners’ equity 23,690,861,272.00 15,595,808,291.00 21,145,916,406.00 15,883,272,280.00
Total of liabilities and owners’ equity 71,675,215,687.00 34,519,451,111.00 59,818,240,763.00 30,083,672,003.00
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China Merchants Property Development Co., Ltd. The 3rd Quarterly Report 2011 (Full text)
4.2 Income Statement of the report term
Prepared by China Merchants Property Development Co., Ltd. July - September 2011 In RMB Yuan
Amount of the Current Term Amount of the Previous Term
Items Parent Parent
Consolidated Consolidated
company company
I. Total revenue 4,380,778,392.00 2,603,531,682.00
Incl. Business income 4,380,778,392.00 2,603,531,682.00
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 3,100,999,822.00 43,779,380.00 2,045,986,856.00 1,083,075.00
Incl. Business cost 1,891,526,536.00 1,681,823,998.00
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 954,253,734.00 264,067,014.00
Sales expense 126,049,860.00 51,472,808.00
Administrative expense 83,669,278.00 7,530,312.00 54,462,202.00 5,492,202.00
Financial expenses 45,493,648.00 36,249,068.00 -5,847,041.00 -4,409,127.00
Asset impairment loss 6,766.00 7,875.00
Plus: Gains from change of fair value (“-“ for loss) -6,921,167.00 -30,778,750.00
Investment gain (“-“ for loss) 7,031,956.00 9,694,566.00 13,104,466.00 49,171,156.00
Incl. Investment gains from affiliates -6,702,643.00 -1,666,403.00 -4,381,817.00 639,400.00
Gains from currency exchange (“-“ for loss)
III. Operational profit (“-“ for loss) 1,279,889,359.00 -34,084,814.00 539,870,542.00 48,088,081.00
Plus: Non business income 563,474.00 3,909,274.00 317,133.00
Less: Non-business expenses 1,857,551.00 3,082,595.00
Incl. Loss from disposal of non-current assets 86,051.00 120,666.00
IV. Gross profit (“-“ for loss) 1,278,595,282.00 -34,084,814.00 540,697,221.00 48,405,214.00
Less: Income tax expenses 360,084,823.00 150,931,253.00 947,514.00
V. Net profit (“-“ for net loss) 918,510,459.00 -34,084,814.00 389,765,968.00 47,457,700.00
Net profit attributable to the owners of parent company 615,944,786.00 -34,084,814.00 376,691,534.00 47,457,700.00
Minor shareholders’ equity 302,565,673.00 13,074,434.00
VI. Earnings per share:
(I) Basic earnings per share 0.3587 0.2194
(II) Diluted earnings per share 0.3587 0.2194
VII. Other misc. incomes 80,047,319.00 37,203,132.00 1,101,908.00
VIII. Total of misc. incomes 998,557,778.00 -34,084,814.00 426,969,100.00 48,559,608.00
Total of misc. incomes attributable to the owners of the
695,992,105.00 -34,084,814.00 406,338,049.00 48,559,608.00
parent company
Total misc gains attributable to the minor shareholders 302,565,673.00 20,631,051.00
Merger of entities under common control, the net profit realized by the merged party was RMB0.00.
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China Merchants Property Development Co., Ltd. The 3rd Quarterly Report 2011 (Full text)
4.3 Income Statement from the beginning of year to the end of report term
Prepared by China Merchants Property Development Co., Ltd. Jan - September 2011 In RMB Yuan
Amount of the Current Term Amount of the Previous Term
Items Parent Parent
Consolidated Consolidated
company company
I. Total revenue 12,472,263,536.00 9,584,685,607.00
Incl. Business income 12,472,263,536.00 9,584,685,607.00
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 8,853,878,941.00 110,915,536.00 7,252,650,667.00 -3,787,095.00
Incl. Business cost 6,132,948,247.00 5,809,187,731.00
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 2,234,957,796.00 1,126,992,261.00
Sales expense 285,999,689.00 163,617,872.00
Administrative expense 226,762,007.00 20,456,709.00 155,641,596.00 14,708,166.00
Financial expenses -26,790,947.00 90,458,827.00 -2,793,807.00 -18,495,261.00
Asset impairment loss 2,149.00 5,014.00
Plus: Gains from change of fair value (“-“ for loss) 8,963,099.00 -860,876.00
Investment gain (“-“ for loss) 58,294,066.00 29,542,500.00 38,558,420.00 69,177,015.00
Incl. Investment gains from affiliates 38,906,676.00 -4,400,411.00 -4,974,053.00 -1,763,851.00
Gains from currency exchange (“-“ for loss)
III. Operational profit (“-“ for loss) 3,685,641,760.00 -81,373,036.00 2,369,732,484.00 72,964,110.00
Plus: Non business income 3,923,209.00 12,819,515.00 317,133.00
Less: Non-business expenses 4,504,715.00 8,186,280.00
Incl. Loss from disposal of non-current assets 528,644.00 397,313.00
IV. Gross profit (“-“ for loss) 3,685,060,254.00 -81,373,036.00 2,374,365,719.00 73,281,243.00
Less: Income tax expenses 946,818,003.00 14,893.00 585,673,458.00 6,948,955.00
V. Net profit (“-“ for net loss) 2,738,242,251.00 -81,387,929.00 1,788,692,261.00 66,332,288.00
Net profit attributable to the owners of parent company 2,084,532,197.00 -81,387,929.00 1,426,870,815.00 66,332,288.00
Minor shareholders’ equity 653,710,054.00 361,821,446.00
VI. Earnings per share:
(I) Basic earnings per share 1.2138 0.8309
(II) Diluted earnings per share 1.2138 0.8309
VII. Other misc. incomes 78,894,264.00 75,749,313.00 450,931.00
VIII. Total of misc. incomes 2,817,136,515.00 -81,387,929.00 1,864,441,574.00 66,783,219.00
Total of misc. incomes attributable to the owners of the
2,163,426,461.00 -81,387,929.00 1,478,813,190.00 66,783,219.00
parent company
Total misc gains attributable to the minor shareholders 653,710,054.00 385,628,384.00
No merger of entities under common control since the beginning of year till the end of report period, therefore the net profit
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China Merchants Property Development Co., Ltd. The 3rd Quarterly Report 2011 (Full text)
contributed by the merged entity was RMB0.00.
4.4 Cash Flow Statement from the beginning of year to the end of report term.
Prepared by China Merchants Property Development Co., Ltd. Jan - September 2011 In RMB Yuan
Amount of the Current Term Amount of the Previous Term
Items
Consolidated Parent company Consolidated Parent company
I. Net cash flow from business operation
Cash received from sales of products and
15,304,266,416.00 9,768,811,329.00
providing of services
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 10,218,775.00 15,311,948.00
Other cash received from business operation 3,537,025,543.00 694,166,656.00 1,991,535,324.00 527,535,307.00
Sub-total of cash inflow from business activities 18,851,510,734.00 694,166,656.00 11,775,658,601.00 527,535,307.00
Cash paid for purchasing of merchandise and
13,986,361,635.00 9,334,463,626.00
services
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
Cash paid to staffs or paid for staffs 717,426,729.00 13,885,841.00 512,454,736.00 8,088,763.00
Taxes paid 3,293,842,132.00 11,158,506.00 2,330,350,396.00 14,832,736.00
Other cash paid for business activities 3,595,276,750.00 4,373,059,785.00 1,836,456,513.00 2,447,713,601.00
Sub-total of cash outflow from business
21,592,907,246.00 4,398,104,132.00 14,013,725,271.00 2,470,635,100.00
activities
Cash flow generated by business operation,
-2,741,396,512.00 -3,703,937,476.00 -2,238,066,670.00 -1,943,099,793.00
net
II. Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment gains 1,284,166.00 182,635,544.00 360,094.00 45,334,075.00
Net cash retrieved from disposal of fixed assets,
54,538.00 90,097.00
intangible assets, and other long-term assets
Net cash received from disposal of subsidiaries or
171,724,601.00 154,691,540.00
other operational units
Other investment-related cash received
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China Merchants Property Development Co., Ltd. The 3rd Quarterly Report 2011 (Full text)
Sub-total of cash inflow due to investment
1,338,704.00 182,635,544.00 172,174,792.00 200,025,615.00
activities
Cash paid for construction of fixed assets,
54,040,101.00 18,800.00 22,039,532.00 40,900.00
intangible assets and other long-term assets
Cash paid as investment 234,022,744.00 184,045,000.00 28,125,469.00 10,000,000.00
Net increase of loan against pledge
Net cash received from subsidiaries and other
operational units
Other cash paid for investment activities 22,189,927.00 1,971,145.00
Sub-total of cash outflow due to investment
310,252,772.00 184,063,800.00 52,136,146.00 10,040,900.00
activities
Net cash flow generated by investment -308,914,068.00 -1,428,256.00 120,038,646.00 189,984,715.00
III. Cash flow generated by financing
Cash received as investment 51,250,000.00 490,673,905.00
Incl. Cash received as investment from minor
51,250,000.00 490,673,905.00
shareholders
Cash received as loans 7,997,007,616.00 4,816,970,500.00 6,859,617,476.00 1,694,293,000.00
Cash received from bond placing
Other financing-related cash received
Subtotal of cash inflow from financing activities 8,048,257,616.00 4,816,970,500.00 7,350,291,381.00 1,694,293,000.00
Cash to repay debts 1,605,240,821.00 1,085,970,500.00 1,773,897,397.00 794,022,000.00
Cash paid as dividend, profit, or interests 816,286,205.00 408,260,583.00 525,785,040.00 354,394,448.00
Incl. Dividend and profit paid by subsidiaries to
292,451,476.00 256,640,389.00
minor shareholders
Other cash paid for financing activities 871,199,830.00
Subtotal of cash outflow due to financing
2,421,527,026.00 1,494,231,083.00 3,170,882,267.00 1,148,416,448.00
activities
Net cash flow generated by financing 5,626,730,590.00 3,322,739,417.00 4,179,409,114.00 545,876,552.00
IV. Influence of exchange rate alternation on cash and
-32,084,534.00 -2,430,154.00 -14,674,492.00 -1,752,640.00
cash equivalents
V. Net increase of cash and cash equivalents 2,544,335,476.00 -385,056,469.00 2,046,706,598.00 -1,208,991,166.00
Plus: Balance of cash and cash equivalents at the
8,914,595,308.00 3,701,866,660.00 8,775,661,067.00 6,268,540,841.00
beginning of term
VI. Balance of cash and cash equivalents at the end of
11,458,930,784.00 3,316,810,191.00 10,822,367,665.00 5,059,549,675.00
term
4.5 Auditors’ Report
Auditor’s opinion: not audited.
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