China Merchants Property Development Co., Ltd. The 3st Quarterly Report 2013 (Main 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 (Main 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 (Main 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 (Main 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 (Main 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 (Main 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 (Main 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 (Main 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 (Main 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 (Main 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
9