China Merchants Property Development Co., Ltd. The 3st Quarterly Report 2013 (Full Text)
Stock Code: 000024, 200024 Stock ID: CMPD, CMPD B
Announcement No. CMPD 2013 062
China Merchants Property Development Co., Ltd.
The 3rd 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 3rd Quarterly Financial Statements 2013 were not audited by a CPA.
1.4 Mr. Lin Shaobin - the legal representative, Ms. Wu Zhenqin ? 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.
End of the report period End of last year Increase/decrease（％）
Total asset (RMB) 123,294,099,633.93 109,197,242,683.06 12.91%
Net asset value attributable to 26,717,351,765.23
shareholders of the listed 23,393,515,534.13 14.21%
company (RMB)
Jul- Sept. 2013 Increase/decrease（%） Increase/decrease（%）
Jan- Sept. 2013
from last year from last year
Operating income (RMB) 7,337,867,073.26 20.98% 23,471,435,394.52 45.37%
Net profit attributable to
shareholders of the listed 1,054,598,858.68 -11.98% 3,605,229,893.19 49.06%
company (RMB)
Net profit attributable to
shareholders of the listed
1,044,501,788.95 -12.72% 3,262,174,773.36 34.85%
company after deducting
non-recurring (RMB)
Net profit attributable to - - 793,743,280.63
34.85%
shareholders of the listed
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China Merchants Property Development Co., Ltd. The 3st Quarterly Report 2013 (Full Text)
company after deducting
non-recurring (RMB)
Basic earnings per share 0.61 -11.98% 2.10
48.94%
(RMB/share)
Diluted earnings per share 0.61 -11.98% 2.10
48.94%
(RMB/share)
Weighted average net 4.03% Reduction of 1.41 14.44% UP by 3.18 percentage
income/asset ratio (%) percentage points points
§2 Financial Highlights and Change of Shareholders
2.1 Key financial information
Was there any retrospective adjustment or restatement for the previous year accounting data during this report period?
□ Yes √ No
Non-recurring gain/ loss items and amounts
√ Applicable □Not applicable Unit: RMB
Amount from beginning of year to the end of report
Non-recurring gain and loss items
period
Gain/loss of non-current assets -458,147.04
Government subsidies 24,788,100.00
Other non-operating income/expenditure net amount -6,256,474.99
Disposal of subsidiary investment returns 339,878,500.00
Impact on income tax -315,132.44
Influences on minority shareholders’ gains/ losses -14,581,725.70
合计 343,055,119.83
The non-recurring gain/ loss items defined by public security issuance company information disclosure explanatory announcement
no. 1- non-recurring gain/ loss, and the non-recurring gain/ loss items listed in public security issuance company information
disclosure explanatory announcement no. 1- non-recurring gain/ loss are defined as the non-recurring gain/ loss items, and the
reasons should be explained.
□Applicable√Not applicable
2.2 Total of shareholders and top-10 holders of current shares
Unite: Shares
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China Merchants Property Development Co., Ltd. The 3st Quarterly Report 2013 (Full Text)
Total number of shareholders at
56,086 (including 47,555 A-share holders and 8,531 B-share holders)
the end of the report period
Shareholding of top 10 shareholders
Share Pledged or luck-up
Class of Amount of holding Restricted
Name of shareholder proportion shares
shareholder shares shares
(%) Share state Amount
China Merchants Shekou Industrial Zone State-owned legal
Co., Ltd. person 40.38% 693,419,317 693,419,317 None None
Full Space Investment Limited Overseas legal
person 5.48% 94,144,050 94,144,050 None None
China Merchants Securities Hong Kong Overseas legal
Ltd. person 2.91% 49,964,987 49,242,245 None None
FOXTROT INTERNATIONAL LIMITED Overseas person
legal
1.61% 27,720,000 27,720,000 None None
ORIENTURE INVESTMENT LTD Overseas legal
person 1.55% 26,603,145 26,603,145 None None
Communications Bank Schroder Growth Domestic none
Stock Securities Investment Fund state-owned legal 0.82% 14,099,837 None None None
person
New China life insurance co., Ltd - Domestic none
Dividends - Personal Dividends - 018 l - state-owned legal 0.80% 13,779,599 None None None
FH002 Shen person
GOLDEN CHINA MASTER FUND overseas agency 0.73% 12,458,713 None None None
GF Gathered Rich Open Securities Domestic none
Investment Fund state-owned legal 0.70% 12,000,000 None None None
person
GF Small-capitalization Growth Equity Domestic none
Securities Investment Fund state-owned legal 0.68% 11,652,106 None None None
person
Top 10 holders of unconditional shares
Category of shares
Amount of shares without
Name of the shareholder Category of
trade limited conditions Amount
shares
Communications Bank Schroder Growth Stock Securities
Investment Fund 14,099,837 A shares 14,099,837
New China life insurance co., Ltd - Dividends - Personal Dividends
- 018 l - FH002 Shen 13,779,599 A shares 13,779,599
GOLDEN CHINA MASTER FUND 12,458,713 B shares 12,458,713
GF Gathered Rich Open Securities Investment Fund 12,000,000 A shares 12,000,000
GF Small-capitalization Growth Equity Securities Investment Fund 11,652,106 A shares 11,652,106
Full Goal Tianfu Innovative Theme Equity Securities Investment
Fund 11,006,095 A shares 11,006,095
Huaxia Millennium Selected Equity Securities Investment Fund 10,098,217 A shares 10,098,217
BOCI SECURITIES LIMITED 9,755,100 B shares 9,755,100
Yin Hua SZSE 100 Index Classification Securities Investment Fund 9,338,363 A shares 9,338,363
Communications Bank Schroder Blue-chip Stock Securities
Investment Fund 9,310,281 A shares 9,310,281
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;
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China Merchants Property Development Co., Ltd. The 3st Quarterly Report 2013 (Full Text)
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 Unit: RMB
Increase/
Items 2013.09.30 2012.12.31 decrease Major causes
(±%)
Accounts receivable 72,082,396.56 162,099,162.73 -56% Recovering sale balance payment
Prepayment 33,612,867.12 8,287,184.01 306% Increment of p repaid project payment
Receivable other 12,045,217,963.93 8,183,491,572.92 47% Increment of refundable deposits
Long-term equity Newly increased joint operation and joint
1,573,136,414.37 1,083,249,770.92 45%
investment venture corporation investment
Original value of Conrad hotel and Zhangzhou melody mountain
1,643,917,613.92 435,194,977.76 278%
fixed assets villa carry forward fixed assets
Short-term
5,020,000,000.00 2,105,000,000.00 138% Borrow money structure change
borrowing
Tax payable 1,228,802,776.81 1,951,582,353.18 -37% Paid tax after final settlement
Increase/
Items Jan-Sep 2013 Jan-Sep 2012 decrease Major causes
(±%)
Operating income 23,471,435,394.52 16,145,682,256.00 45% Increment of carry-over mount of real estate sale
Operating cost 12,589,719,333.16 7,633,306,776.00 65% Increment of carry-over mount of real estate sale
Financial cost 160,079,728.23 261,184,597.00 -39% Sharp increase of exchange gain
Loss from asset 206,804,476.00
-172,057,615.52 -183% Project inventory impairment provision return
devaluation
Changes in fair value 1,584,407.00
recognized in profit - -100% Trading financial assets at current period
or loss
2,200,888.00 Change from cost method to equity method for
Investment income 305,617,822.95 13786%
accounting of Shenzhen Zhaohua company
Non-business income 39,894,756.82 16,642,170.00 140% Increment of received governmental subsidy
Income tax expense 2,002,712,262.59 1,337,718,297.00 50% Increment of taxable income
Minority interest 661,170,576.00
1,060,595,133.24 60% Profit growth of cooperative project
income
3.2 Progress of major issues and their influences and solutions
(1) Progress of events of issuing shares to purchase assets and raise the matching capital and related
transaction
The company is planning the events of issuing shares to purchase assets and raise the matching capital and
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China Merchants Property Development Co., Ltd. The 3st Quarterly Report 2013 (Full Text)
the related transaction. On August 7, 2013, the Company's stocks were suspended. On September 17, 2013, the
Company's stocks were resumed, and the Company disclosed the documents such as the Preplan of Issuing Shares
to Purchase Assets and Raise the Matching Capital & Related Transaction Matters etc. On October 16, 2013, the
Company disclosed the documents such as Draft of Issuing Shares to Purchase Assets and Raise the Matching
Capital & Related Transaction Matters and announcement of shareholder meeting, etc. On October 23, the
Company disclosed Announcement on the Resolutions of the 8th Temporary Meeting in 2013 of the 7th Board of
Directors and announcement of shareholder meeting, etc. On Noveber 7, 2013, the Company will hold the second
the extraordinary shareholders meeting in 2013, and examines the proposals related to issuing shares to purchase
assets and raise the matching capital & related transaction.
(2) Progress of internal assets reorganization and transaction of share-holding subsidiary company
On April 25, 2013, the Company disclosed Announcement of Internal Assets Reorganization and Transaction
of Share-holding Subsidiary Company; the company is a wholly owned subsidiary rui jia investment industrial co.,
LTD. (hereinafter referred to as the "rui jia investment") will transfer the part of its held subsidiary equity and
related claims, including part of share-holding subsidiaries operated by the Company in Chinese mainland and the
real estate projects operated by the share-holding subsidiaries, into share-holding subsidiary (hereinafter referred
to as the "transaction") Tonic Industries Holdings Ltd. (hereinafter referred to as the " Tonic Industries "). As the
deal prerequisites are not completely satisfied at the desired performance date, on July 4, 2013, the Company
disclosed the event that the Tonic Industries delayed general meeting of shareholders about trading.
Along with the implementation of the prerequisites, the reference date involved in the audit report is changed
to July 31, 2013 from December 31, 2012, the reference date of an assessment report is changed to July 31, 2013
from March 31, 2013, and the trading price is changed to hk $6.688 billion from hk $6.177 billion. In view of the
above trade base date and price changes, on September 23, 2013, the both trade sides signed a supplementary
agreement and made a public announcement. On October 10, 2013, the Tonic Industries dispatched a shareholder
circular about transaction, and the Tonic Industries are informed to hold independent shareholder meeting on
October 28, 2013 to examine and approved the deal.
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.
Other CMSIZ, the controlling shareholder of the Company, Due at the day In the report
commitments to promised not to conduct or participate with 3rd parties in Mar 19 after two years term,
CMSIZ
mid-small any business or activities possibly competing with the 2008 upon stop CMSIZ was
shareholders Company in terms of business, new commodities and new holding of the fully acting
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China Merchants Property Development Co., Ltd. The 3st Quarterly Report 2013 (Full Text)
technology in any forms (including but not limited to direct Company’s as
operation, indirect operation, joint investment). Never use shares committed.
the information obtained from the Company to conduct or
participate in and competitive activities against the
Company.
3.4 Business forecast for 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
3.6 Investment of derivate instruments
Derivate instruments in stock at the end of period
□Applicable √ Not applicable
3.7 Table about investigations, communications and interviews received by the Company
during the report period
Content
Recepti Reception Received object discussed and
Reception date Received object
on place way type information
provided
Telephone
Shenzhe Institutional
July 4, 2013 communic Invesco Hong Kong Limited
n investor
ation
Telephone
Shenzhe Institutional
July 4, 2013 communic Heqi Invenstment
n investor
ation
Telephone
Shenzhe Institutional
July 4, 2013 communic Manulife Asset Management
n investor
ation
Telephone
Shenzhe Institutional China International Capital Corporation
July 4, 2013 communic
n investor limited
ation
Telephone ① Introducing
Shenzhe Institutional
July 8, 2013 communic GF Securities operation of the
n investor
ation Company ②
Telephone Discussing the
Shenzhe Institutional
July 8, 2013 communic Orient Securities industry
n investor
ation development;
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China Merchants Property Development Co., Ltd. The 3st Quarterly Report 2013 (Full Text)
Telephone ③ Providing the
Shenzhe Institutional
July 9, 2013 communic GF Securities information
n investor
ation announced and
Telephone brochure for
Shenzhe Institutional
July 10, 2013 communic Guodu Securities projects of the
n investor
ation Company.
Telephone ④ Visiting the
Shenzhe Institutional
July 10, 2013 communic Credit Suisse Founder Company
n investor
ation on-sale
Field buildings, and
Shenzhe Institutional KGI Asia Securities, Franklin Huamei
July 11, 2013 investigati providing
n investor Investment Trust, Galloping Horse Capital
on building sales
Telephone brochure
Shenzhe Institutional
August 7, 2013 communic GF Securities
n investor
ation
Telephone
Shenzhe Institutional
August 7, 2013 communic China Merchants Securities
n investor
ation
Telephone
Shenzhe Institutional
August 7, 2013 communic Sealand Securities
n investor
ation
Telephone
Shenzhe Individual
August 7, 2013 communic Individual Investor
n Investor
ation
Field
Shenzhe Institutional
August 7, 2013 investigati BOC International
n investor
on
Field
Institutional
August 14, 2013 Zhuhai investigati BNP Paribas
investor
on
Field
Institutional
August 15, 2013 Foshan investigati BNP Paribas
investor
on
Field
Shenzhe Institutional
August 16, 2013 investigati Guosen Securities
n investor
on
Telephone
Shenzhe Institutional
August 22, 2013 communic GF Securities
n investor
ation
Telephone
Shenzhe Institutional
August 22, 2013 communic BOC International
n investor
ation
Shenzhe Telephone Institutional
August 22, 2013 Goldman Sachs
n communic investor
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China Merchants Property Development Co., Ltd. The 3st Quarterly Report 2013 (Full Text)
ation
Telephone
Shenzhe Individual
August 23, 2013 communic Individual Investor
n Investor
ation
Telephone
Shenzhe Individual
August 26, 2013 communic Individual Investor
n Investor
ation
Telephone
Shenzhe Individual
August 27, 2013 communic Individual Investor
n Investor
ation
Field
Shenzhe Institutional Guotai Junan Securities, New China Life
August 30, 2013 investigati
n investor Insurance
on
Telephone
September 5, Shenzhe Individual
communic Individual Investor
2013 n Investor
ation
Telephone
September 9, Shenzhe Individual
communic Individual Investor
2013 n Investor
ation
September 11, Shenzhe Strategic Institutional
Strategic seminar of Guosen Securities
2013 n seminar investor
Field
September 12, Shenzhe Institutional Investigation organized by Guosen
investigati
2013 n investor Securities
on
September 12, Shenzhe Strategic Institutional
Strategic seminar of Ping An Securities
2013 n seminar investor
Telephone
September 16, Shenzhe Institutional
communic Citic Securities organization
2013 n investor
ation
Telephone
September 16, Shenzhe Institutional
communic China Jianyin Investment Securities
2013 n investor
ation
Telephone
September 16, Shenzhe Institutional
communic Ping An Securities
2013 n investor
ation
Telephone
September 16, Shenzhe Institutional
communic Guosen Securities
2013 n investor
ation
Telephone
September 17, Shenzhe Institutional
communic Orient Securities
2013 n investor
ation
Telephone
September 17, Shenzhe Institutional
communic Shanghai Jinli Investment
2013 n investor
ation
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China Merchants Property Development Co., Ltd. The 3st Quarterly Report 2013 (Full Text)
Telephone
September 17, Shenzhe Institutional
communic Guotai Junan Securities organization
2013 n investor
ation
Telephone
September 24, Shenzhe Institutional
communic Explanation session
2013 n investor
ation
Field
September 25, Shenzhe Institutional
investigati Yinhua Fund
2013 n investor
on
§4 Financial Statements
4.1 Consolidated Financial Statements
Prepared by: China Merchants Property Development Co., Ltd.
Unit: RMB
Items Closing balance Openning balance
Current asset:
Monetary capital 22,122,616,436.65 18,239,272,247.93
Settlement provision
Outgoing call loan
Transactional financial assets
Notes receivable 2,260,000.00 5,748,800.00
Account receivable 72,082,396.56 162,099,162.73
Prepayment 33,612,867.12 8,287,184.01
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts receivable
Interest receivable 269,583.30
Dividend receivable
Other account receivable 12,045,217,963.93 8,183,491,572.92
Repurchasing of financial assets
Inventories 77,151,916,021.65 73,637,940,073.11
Non-current asset due in 1 year 1,061,706.01 16,756,858.87
Other current asset 3,394,096,853.65 2,818,269,943.98
Total of current asset 114,822,864,245.57 103,072,135,426.85
Non-current assets
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China Merchants Property Development Co., Ltd. The 3st Quarterly Report 2013 (Full Text)
Disburse of consigned loans
Sellable financial asset
Expired investment in possess
Long-term receivable 49,721,270.00
Long-term share equity investment 1,573,136,414.37 1,083,249,770.92
Investment real estates 3,989,159,737.91 3,117,335,984.24
Fixed assets 1,643,917,613.92 435,194,977.76
Construction in process 99,522,865.07 88,458,273.58
Engineering goods
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets
R&D expense
Goodwill 159,560,861.23 159,560,861.23
Long-term amortizable expenses 232,097,743.16 249,438,693.12
Deferred income tax asset 773,840,152.70 942,147,425.36
Other non-current asset
Total of non-current assets 8,471,235,388.36 6,125,107,256.21
Total of assets 123,294,099,633.93 109,197,242,683.06
Current liabilities
Short-term loans 5,020,000,000.00 2,105,000,000.00
Loan from Central Bank
Deposit received and hold for others
Call loan received
Transactional financial liabilities
Notes payable 44,804,399.04 47,610,662.59
Account payable 10,432,108,029.87 11,796,898,896.95
Advances received 34,673,952,165.72 28,463,966,430.34
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 256,078,767.99 334,040,494.12
Tax payable 1,228,802,776.81 1,951,582,353.18
Interest payable 110,146,804.02 119,767,822.92
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China Merchants Property Development Co., Ltd. The 3st Quarterly Report 2013 (Full Text)
Dividend payable 218,143,942.69 290,165,059.98
Other account payable 9,608,172,749.61 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 7,312,776,522.38 7,380,992,296.97
Other current liability 4,381,130,443.92 4,256,735,641.00
Total of current liability 73,286,116,602.05 65,249,112,251.14
Non-current liabilities
Long-term borrowings 16,431,905,242.68 14,378,013,872.78
Bond payable
Long-term payable 105,116,591.33 100,207,107.75
Special payable
Anticipated liabilities 13,242,518.29 14,017,011.26
Deferred income tax liability 100,329,375.26
Other non-recurring liabilities 14,130,060.00 16,613,440.00
Total of non-current liabilities 16,664,723,787.56 14,508,851,431.79
Total of liability 89,950,840,389.61 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 8,620,722,786.93 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 15,263,140,299.02 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 26,717,351,765.23 23,393,515,534.13
Minor shareholders’ equity 6,625,907,479.09 6,045,763,466.00
Total of owners’ equity 33,343,259,244.32 29,439,279,000.13
Total of liabilities and owners’ equity 123,294,099,633.93 109,197,242,683.06
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China Merchants Property Development Co., Ltd. The 3st Quarterly Report 2013 (Full Text)
4.2 Balance Sheet of the Parent Co.
Prepared by: China Merchants Property Development Co., Ltd.
Unit: RMB
Items Closing balance Openning balance
Current asset:
Monetary capital 6,689,993,521.71 5,277,807,877.29
Transactional financial assets
Notes receivable
Account receivable
Prepayment 921,251.48
Interest receivable
Dividend receivable 466,921,794.83 2,877,702,095.70
Other account receivable 22,898,008,855.72 29,644,653,819.13
Inventories 3,318,361,261.29 1,224,000,000.00
Non-current asset due in 1 year 15,300,000.00
Other current asset
Total of current asset 33,374,206,685.03 39,039,463,792.12
Non-current assets
Sellable financial asset
Expired investment in possess
Long-term receivable
Long-term share equity investment 8,500,600,640.90 5,657,339,312.90
Investment real estates
Fixed assets 1,605,169.01 345,629.58
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
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China Merchants Property Development Co., Ltd. The 3st Quarterly Report 2013 (Full Text)
Other non-current asset
Total of non-current assets 8,502,205,809.91 5,657,684,942.48
Total of assets 41,876,412,494.94 44,697,148,734.60
Current liabilities
Short-term loans 3,020,000,000.00 1,905,000,000.00
Transactional financial liabilities
Notes payable
Account payable
Advances received
Employees’ wage payable 6,604,796.99 7,927,525.00
Tax payable 25,292,872.56 466,320.21
Interest payable 59,348,577.12 111,221,455.00
Dividend payable 208,025,795.10
Other account payable 11,729,244,998.59 13,556,711,178.36
Non-current liability due in 1 year 2,335,604,400.00 3,894,234,275.00
Other current liability
Total of current liability 17,384,121,440.36 19,475,560,753.57
Non-current liabilities
Long-term borrowings 8,686,255,200.00 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 8,686,255,200.00 8,604,667,725.00
Total of liability 26,070,376,640.36 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
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China Merchants Property Development Co., Ltd. The 3st Quarterly Report 2013 (Full Text)
Retained profit 4,184,851,553.68 4,995,735,955.13
Different of foreign currency translation
Total of owners’ equity (or shareholders’ equity) 15,806,035,854.58 16,616,920,256.03
Total of liability and shareholders’ equity (or owners’ equity) 41,876,412,494.94 44,697,148,734.60
4.3 Consolidated Income Statement
July- September 2013
Prepared by: China Merchants Property Development Co., Ltd.
Unit: RMB
Items Amount of the Current Term Amount of the Previous Term
I. Total revenue 7,337,867,073.26 6,065,174,565.00
Incl. Business income 7,337,867,073.26 6,065,174,565.00
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 5,448,933,432.63 4,127,822,925.00
Incl. Business cost 3,897,208,053.27 2,587,984,169.00
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 1,148,130,766.37 1,150,984,729.00
Sales expense 191,368,774.77 172,524,666.00
Administrative expense 125,186,417.87 122,868,390.00
Financial expenses 86,730,756.84 93,517,723.00
Asset impairment loss 308,663.51 -56,752.00
Plus: gains from change of fair value (“-“ for loss)
Investment gains (“-“ for loss) 23,438,064.02 -22,680,796.00
Incl. Investment gains from affiliates 23,438,064.02 -1,829,872.00
Exchange gains (“-“ for loss)
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China Merchants Property Development Co., Ltd. The 3st Quarterly Report 2013 (Full Text)
III. Operational profit (“-“ for loss) 1,912,371,704.65 1,914,670,844.00
Plus: non-operational income 28,120,053.54 10,187,634.00
Less: non-operational expenditure 6,433,724.24 7,875,331.00
Incl. Loss from disposal of non-current assets 35,175.02
IV. Gross profit (“-“ for loss) 1,934,058,033.95 1,916,983,147.00
Less: Income tax expenses 526,125,432.21 545,319,042.00
V. Net profit (“-“ for net loss) 1,407,932,601.74 1,371,664,105.00
Including: Net profit realized by the entity taken over before
the takeover
Net profit attributable to the owners of parent company 1,054,598,858.68 1,198,195,619.00
Minor shareholders’ equity 353,333,743.06 173,468,486.00
VI. Earnings per share:
(I) Basic earnings per share 0.61 0.70
(II) Diluted earnings per share 0.61 0.70
VII. Other misc. incomes -974,901.00
VIII. Total of misc. incomes 1,407,932,601.74 1,370,689,204.00
Total of misc. incomes attributable to the owners of the 1,054,598,858.68 1,197,220,718.00
parent company
Total misc gains attributable to the minor shareholders 353,333,743.06 173,468,486.00
January- September 2013
Prepared by: China Merchants Property Development Co., Ltd.Unit: RMB
Items Amount of the Current Term Amount of the Previous Term
I. Total revenue 23,471,435,394.52 16,145,682,256.00
Incl. Business income 23,471,435,394.52 16,145,682,256.00
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 17,126,589,406.42 11,730,551,997.00
Incl. Business cost 12,589,719,333.16 7,633,306,776.00
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net insurance policy reserves provided
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China Merchants Property Development Co., Ltd. The 3st Quarterly Report 2013 (Full Text)
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 3,727,561,490.14 2,927,668,799.00
Sales expense 463,388,566.53 403,983,794.00
Administrative expense 357,897,903.88 297,603,555.00
Financial expenses 160,079,728.23 261,184,597.00
Asset impairment loss -172,057,615.52 206,804,476.00
Plus: gains from change of fair value (“-“ for loss) 1,584,407.00
Investment gains (“-“ for loss) 305,617,822.95 2,200,888.00
Incl. Investment gains from affiliates 359,630,004.60 2,017,598.00
Exchange gains (“-“ for loss)
III. Operational profit (“-“ for loss) 6,650,463,811.05 4,418,915,554.00
Plus: non-operational income 39,894,756.82 16,642,170.00
Less: non-operational expenditure 21,821,278.85 17,947,335.00
Incl. Loss from disposal of non-current assets 945,458.54 350,941.00
IV. Gross profit (“-“ for loss) 6,668,537,289.02 4,417,610,389.00
Less: Income tax expenses 2,002,712,262.59 1,337,718,297.00
V. Net profit (“-“ for net loss) 4,665,825,026.43 3,079,892,092.00
Including: Net profit realized by the entity taken over before
the takeover
Net profit attributable to the owners of parent company 3,605,229,893.19 2,418,721,516.00
Minor shareholders’ equity 1,060,595,133.24 661,170,576.00
VI. Earnings per share:
(I) Basic earnings per share 2.10 1.41
(II) Diluted earnings per share 2.10 1.41
VII. Other misc. incomes
VIII. Total of misc. incomes 4,665,825,026.43 3,079,892,092.00
Total of misc. incomes attributable to the owners of the 2,418,721,516.00
3,605,229,893.19
parent company
Total misc gains attributable to the minor shareholders 1,060,595,133.24 661,170,576.00
4.4 Income Statement of the Parent Co.
July- September 2013
Prepared by: China Merchants Property Development Co., Ltd.
Unit: RMB
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China Merchants Property Development Co., Ltd. The 3st Quarterly Report 2013 (Full Text)
Items Amount of the Current Term Amount of the Previous Term
I. Turnover 11,010,000.00 24,570,000.00
Less: Operation cost 616,368.32
Business tax and surcharge 617,661.00 1,378,377.00
Sales expense
Administrative expense 13,603,143.91 11,934,520.00
Financial expenses 77,840,820.04 87,777,618.00
Asset impairment loss
Plus: gains from change of fair value (“-“ for loss)
Investment gains (“-“ for loss) -189,187.00 -975,262.00
Incl. Investment gains from affiliates -189,187.00 -975,262.00
II. Operational profit (“-“ for loss) -81,857,180.27 -77,495,777.00
Plus: Non business income 2,079.00
Less: Non-business expenses 418.00
Incl. Loss from disposal of non-current assets
III. Total profit (“-“ for loss) -81,857,180.27 -77,494,116.00
Less: Income tax expenses
IV. Net profit (“-“ for net loss) -81,857,180.27 -77,494,116.00
V. Earnings per share
(I) Basic earnings per share Not Applicable Not Applicable
(II) Diluted earnings per share Not Applicable Not Applicable
VI. Other misc gains
VII. Total of integrated income -81,857,180.27 -77,494,116.00
January- September 2013
Prepared by: China Merchants Property Development Co., Ltd.
Unit: RMB
Items Amount of the Current Term Amount of the Previous Term
I. Turnover 22,090,000.00 24,570,000.00
Less: Operation cost 1,632,685.24
Business tax and surcharge 1,239,249.00 1,378,377.00
Sales expense
Administrative expense 28,235,451.12 25,039,908.00
Financial expenses 276,033,038.68 226,745,152.00
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China Merchants Property Development Co., Ltd. The 3st Quarterly Report 2013 (Full Text)
Asset impairment loss
Plus: gains from change of fair value (“-“ for loss)
Investment gains (“-“ for loss) -1,479,947.00 -1,975,042.00
Incl. Investment gains from affiliates -1,479,947.00 -2,645,412.00
II. Operational profit (“-“ for loss) -286,530,371.04 -230,568,479.00
Plus: Non business income 12,401.00
Less: Non-business expenses 9,163,879.51 418.00
Incl. Loss from disposal of non-current assets
III. Total profit (“-“ for loss) -295,694,250.55 -230,556,496.00
Less: Income tax expenses
IV. Net profit (“-“ for net loss) -295,694,250.55 -230,556,496.00
V. Earnings per share
(I) Basic earnings per share Not Applicable Not Applicable
(II) Diluted earnings per share Not Applicable Not Applicable
VI. Other misc gains
VII. Total of integrated income -295,694,250.55 -230,556,496.00
4.5 Consolidated Cash Flow Statement
Prepared by: China Merchants Property Development Co., Ltd.
Unit: RMB
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
29,826,137,629.51 24,589,529,890.00
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
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China Merchants Property Development Co., Ltd. The 3st Quarterly Report 2013 (Full Text)
Net increase of inter-bank fund received
Net increase of repurchasing business
Tax returned 15,808,867.22 331,716.00
Other cash received from business operation 4,193,297,175.59 2,974,874,002.00
Sub-total of cash inflow from business activities 34,035,243,672.32 27,564,735,608.00
Cash paid for purchasing of merchandise and
20,155,096,718.59 11,810,084,723.00
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 983,126,518.84 793,037,637.00
Taxes paid 5,816,514,372.81 4,640,703,039.00
Other cash paid for business activities 6,286,762,781.45 6,632,648,851.00
Sub-total of cash outflow from business activities 33,241,500,391.69 23,876,474,250.00
Cash flow generated by business operation, net 793,743,280.63 3,688,261,358.00
II. Cash flow generated by investing
Cash received from investment retrieving 80,123.00
Cash received as investment profit 326,819,319.15
Net cash retrieved from disposal of fixed assets,
85,915.50 39,120.00
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 326,985,357.65 39,120.00
Cash paid for construction of fixed assets,
38,244,369.82 19,099,918.00
intangible assets and other long-term assets
Cash paid as investment 30,500,000.00 212,015,982.00
Net increase of loan against pledge
Net cash received from subsidiaries and other
132,381,505.46 190,958,140.00
operational units
Other cash paid for investment activities 561,222,801.84 8,707,949.00
Sub-total of cash outflow due to investment activities 762,348,677.12 430,781,989.00
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China Merchants Property Development Co., Ltd. The 3st Quarterly Report 2013 (Full Text)
Net cash flow generated by investment -435,363,319.47 -430,742,869.00
III. Cash flow generated by financing
Cash received as investment 118,041,079.00 511,000,000.00
Incl. Cash received as investment from minor
118,041,079.00 511,000,000.00
shareholders
Cash received as loans 14,700,287,816.88 7,335,203,555.72
Cash received from bond placing
Other financing-related cash received 4,062,000.00
Subtotal of cash inflow from financing activities 14,818,328,895.88 7,850,265,556.00
Cash to repay debts 9,789,887,950.00 6,647,912,334.00
Cash paid as dividend, profit, or interests 1,532,365,144.23 1,537,609,673.00
Incl. Dividend and profit paid by subsidiaries to
149,669,583.36 385,002,027.00
minor shareholders
Other cash paid for financing activities
Subtotal of cash outflow due to financing activities 11,322,253,094.23 8,185,522,007.00
Net cash flow generated by financing 3,496,075,801.65 -335,256,451.00
IV. Influence of exchange rate alternation on cash and
-27,139,455.87 11,022,007.00
cash equivalents
V. Net increase of cash and cash equivalents 3,827,316,306.94 2,933,284,045.00
Plus: Balance of cash and cash equivalents at
18,218,506,517.70 13,659,974,240.00
the beginning of term
VI. Balance of cash and cash equivalents at the end of
22,045,822,824.64 16,593,258,285.00
term
4.6 Cash Flow Statement of the Parent Co.
Prepared by: China Merchants Property Development Co., Ltd.
Unit: RMB
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 22,090,000.00 9,880,000.00
providing of services
Tax returned
Other cash received from business operation 4,421,323,868.12 2,993,568,938.00
Sub-total of cash inflow from business activities 4,443,413,868.12 3,003,448,938.00
Cash paid for purchasing of merchandise and
services
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China Merchants Property Development Co., Ltd. The 3st Quarterly Report 2013 (Full Text)
Cash paid to staffs or paid for staffs 13,635,785.05 9,128,410.00
Taxes paid 25,560,131.43 29,575,917.00
Other cash paid for business activities 1,338,336,583.58 1,634,739,482.00
Sub-total of cash outflow from business activities 1,377,532,500.06 1,673,443,809.00
Cash flow generated by business operation, net 3,065,881,368.06 1,330,005,129.00
II. Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment profit 2,410,780,300.87 59,407,480.00
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 2,410,780,300.87 59,407,480.00
Cash paid for construction of fixed assets,
1,344,750.00 2,982.00
intangible assets and other long-term assets
Cash paid as investment 2,844,741,275.00 1,472,477,629.00
Net cash received from subsidiaries and other
80,250,000
operational units
Other cash paid for investment activities
Sub-total of cash outflow due to investment activities 2,846,086,025.00 1,552,730,611.00
Net cash flow generated by investment -435,305,724.13 -1,493,323,131.00
III. Cash flow generated by financing
Cash received as investment
Cash received as loans 5,699,190,000.00 4,941,245,000.00
Cash received from bond placing
Other financing-related cash received
Subtotal of cash inflow from financing activities 5,699,190,000.00 4,941,245,000.00
Cash to repay debts 6,049,727,950.00 5,062,626,225.00
Cash paid as dividend, profit, or interests 867,569,654.44 1,119,954,345.00
Other cash paid for financing activities
Subtotal of cash outflow due to financing activities 6,917,297,604.44 6,182,580,570.00
Net cash flow generated by financing -1,218,107,604.44 -1,241,335,570.00
IV. Influence of exchange rate alternation on cash and
-282,395.07 -19,336.00
cash equivalents
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China Merchants Property Development Co., Ltd. The 3st Quarterly Report 2013 (Full Text)
V. Net increase of cash and cash equivalents 1,412,185,644.42 -1,404,672,908.00
Plus: Balance of cash and cash equivalents at the
5,277,807,877.29 5,036,889,751.00
beginning of term
VI. Balance of cash and cash equivalents at the end of
6,689,993,521.71 3,632,216,843.00
term
4.7 Audit Report (unaudited)
22
