HAINAN PEARL RIVER HOLDINGS CO., LTD.
THE THIRD QUARTERLY REPORT 2010
§1. Important Notice
1.1 The Board of Directors, the Supervisory Committee, directors, supervisors and
senior executives of Hainan Pearl River Holdings Co., Ltd. (hereinafter referred to as
“the Company”) hereby guarantee that this report carries no false information,
misleading statements or major omissions, and will accept, individually and
collectively, the responsibility for factuality, accuracy and completeness of the
information set forth herein.
1.2 The Financial Report of this third quarterly report has not been audited by a CPA
firm.
1.3 Mr. Zheng Qing (Chairman of the Board and GM of the Company), Mr. Chen
Binglian (Standing Vice GM and Financial Principal of the Company) and Mr. Yang
Daoliang (Vice GM and Manager of the Financial Department) hereby confirm that
the Financial Report enclosed in this quarterly report is factual and complete.
§2. Company Profile
2.1 Main accounting data and financial indicators
Unit: (RMB) Yuan
30 Sept. 2010 31 Dec. 2009 Increase/decrease (%)
Total assets (Yuan) 1,405,696,472.30 2,033,695,297.92 -30.88
Owners’ equity attributable to shareholders of listed
company (Yuan) 527,271,351.72 653,104,424.27 -19.27
Share capital (Share) 426,745,404.00 426,745,404.00 0.00
Net assets per share attributable to shareholders of listed
company (Yuan/share) 1.24 1.53 -18.95
Jul.-Sept. 2010
Increase/decrease
year-on-year (%)
Jan.-Sept. 2010
Increase/decrease
year-on-year (%)
Operating revenue (Yuan) 50,373,671.40 104.35% 594,410,243.55 717.75%
Net profit attributable to shareholders of listed company
(Yuan) -11,308,336.38 20.17% 39,603,368.12 -43.93%
Net cash flows arising from operating activities (Yuan) -78,140,152.64 -273.38% 64,510,672.38 -21.01%
Net cash flows per share arising from operating activities
(Yuan/share) -0.18 -263.64% 0.15 -21.05%
Basic earnings per share (Yuan/share) -0.03 0.00% 0.09 -47.06%
Diluted earnings per share (Yuan/share) -0.03 0.00% 0.09 -47.06%
Weighted average ROE (%) -2.13% 0.58% 6.71% -6.80%
Weighted average ROE after deducting non-recurring gains and
losses (%) -2.75% 0.41% 4.40% 16.41%Unit: (RMB) Yuan
Items of non-recurring gains and losses
Amount for the period from the
year-begin to the period-end
Gain/loss from non-current asset disposal 1,677,640.69
Capital occupation fees received from non-financial enterprises and recognized
as current gain/loss 12,217,195.00
Other non-business incomes and expenses apart from the items above-net -115,192.59
Effect on income tax -106,046.72
Effect on minority interests -28,547.59
Total 13,645,048.79
2.2 Total number of shareholders at period-end and shareholding of top ten
shareholders holding shares not subject to trading moratorium
Unit: Share
Total number of shareholders at
period-end
49,019
Top ten shareholders holding shares not subject to trading moratorium
Full name of shareholder
Number of shares not subject to
moratorium held at period-end
Type of shares
Beijing Wanfa Real Estate Development
Co., Ltd.
112,479,478 RMB ordinary shares
Wang Shuai 2,300,000 RMB ordinary shares
Zhang Shengqing 2,139,972 RMB ordinary shares
Chen Yunxuan 2,088,822 RMB ordinary shares
Zhao Xiaoxia 1,949,250 Domestically listed foreign shares
Wang Shuxia 1,947,641 RMB ordinary shares
Cai Weimin 1,770,099 RMB ordinary shares
Jiang Xiaoquan 1,555,863 RMB ordinary shares
Zhang Xiuling 1,337,693 RMB ordinary shares
Chen Zaiyan 1,243,510 RMB ordinary shares
§3. Significant Events
3.1 Major changes in main accounting statement items and financial indicators, as
well as reasons for such changes
√Applicable □InapplicableItem Jan.-Sept. 2010 Jan.-Sept. 2009 Increase/decrease (%) Main reason for the change
Operating income 594,410,243.55 72,688,429.93 717.75 The sales income from the Meilin Qingcheng Phase Ⅱ Project was recognized.
Operating cost 400,622,277.11 58,169,541.66 588.71 The sales cost of the Meilin Qingcheng Phase Ⅱ Project was carried forward.
Business tax and surcharges 69,081,371.81 4,038,496.52 1610.57
The sales income for the current period increased, which thus resulted in the increase of
provisions for relevant taxes and fares.
Selling expenses 8,346,281.40 12,479,741.81 -33.12 The selling expenses on the Meilin Qingcheng Phase Ⅱ Project decreased.
Asset impairment loss -4,915,951.63 4,286,404.41 -214.69
Part of the original impairment reserve for the investment for developing the Yan Jiang Yi
Road Project was returned.
Investment income -135,525.88 131,129,924.00 -100.10
A large sum of investment income was received in the same period of last year due to the
transfer of equities of Southwest Securities while there were no such events in the current
period.
Income tax expenses 13,811,737.36 294,433.43 4590.95
Hubei Pearl River Real Estate Development Co., Ltd., the Company’s subsidiary, recognized
incomes and made provisions for taxes and fares.
Other comprehensive incomes -165,436,444.67 333,098,373.99 -149.67 The fair value of shares of Southwest Securities changed.
Net cash flows from investing activities -145,571,521.53 -7,609,822.88 -1812.94 Lendings to external parties as debt investments increased in the current period.
Net cash flows from financing activities -152,444,221.78 241,528,978.77 -163.12
Borrowings from financial institutions and the actual controller dec reased while repayments
increased.
Item 30 Sept. 2010 31 Dec. 2009 Increase/decrease (%) Main reason for the change
Monetary funds 58,282,061.85 291,787,132.78 -80.03 Borrowings decreased, repayments increased and lendings as debt investments increased.
Accounts paid in advance 61,708,254.44 44,285,760.93 39.34
An account was paid in advance to Haikou Hongzhou Real Estate Development Co., Ltd. for
purchasing housing properties.
Other receivables 317,271,244.57 189,594,736.47 67.34 Lendings to external parties as debt investments increased in the current period.
Inventory 168,881,585.43 538,999,748.54 -68.67 The sales cost of the Meilin Qingcheng Phase Ⅱ Project was carried forward.
Available-for-sale financial assets 408,642,500.00 631,417,500.00 -35.28 The fair value of shares of Southwest Securities changed.
Long-term equity investment 71,917,358.97 13,149,424.41 446.92
Sanya Wanjia Industrial Co., Ltd. was no longer included into the consolidated financial
statements.
Short-term borrowings 0.00 276,000,000.00 -100.00 The borrowing from Jilin Province Trust Co., Ltd. was repaid.
Accounts payable 18,105,554.33 70,793,361.64 -74.42 The payment for the construction of the Meilin Qingcheng Phase Ⅱ Project was made.
Accounts received in advance 43,254,643.99 306,932,163.78 -85.91 The sales income from the Meilin Qingcheng Phase Ⅱ Project was recognized.
Taxes and fares payable 16,734,121.86 -16,948,131.65 198.74
The sales income from the Meilin Qingcheng Phase Ⅱ Project was recognized and
provisions for relevant taxes and fares were made.
Non-current liabilities due within one year 0.00 79,980,110.00 -100.00 Some bank borrowings were repaid.
Long-term borrowings 325,000,000.00 110,000,000.00 195.45 A trust financing was obtained from Chongqing International Trust Co., Ltd..
Deferred income tax liabilities 78,719,375.00 134,413,125.00 -41.43 The fair value of shares of Southwest Securities changed.
Minority interests 20,212,678.53 12,771,330.23 58.27 Hubei Pearl River Real Estate Development Co., Ltd. profited a lot in the current period.3.2 Progress of significant events, as well as analysis and explanation on their impact
and solutions
3.2.1 Non-standard aud it opinion
□Applicable √Inapplicable
3.2.2 Whether the Company provided funds to the controlling shareholder or its
related parties or provided guarantees to external parties in violation of the prescribed
procedures
□Applicable √Inapplicable
3.2.3 Signing and execution of significant contracts concerning routine operations
□Applicable √Inapplicable
3.2.4 Others
□Applicable √Inapplicable
3.3 Particulars about implementation of commitments made by the Company, its
shareholders and actual controller
□Applicable √Inapplicable
3.4 Warnings of possible loss or large-margin change of the accumulated net profit
made during the period from the beginning of the year to the end of the next report
period compared with the same period of the last year according to prediction, as well
as explanations on the reasons
□Applicable √Inapplicable
3.5 Other significant events that need to be explained
3.5.1 Securities investment
□Applicable √Inapplicable
3.5.2 Researches, interviews and visits received in report period.
No field researches, phone calls or written inquiries were received from investors in
the report period.
3.6 Investments in financial derivative products
□Applicable √Inapplicable
3.6.1 Positions of financial deriva tive products held at period-end
□Applicable √Inapplicable
Chairman of Board of Directors: Zheng Qing
HaiNan Pearl River Holdings Co., Ltd.
27 October 2010Balance Sheet
As at 30 Sept. 2010
Prepared by Hainan Pearl River Holdings Co., Ltd. Unit: RMB Yuan
Closing balance Balance at year-begin
Item
Consolidation Parent company Consolidation Parent company
Current assets:
Monetary funds 58,282,061.85 3,892,804.52 291,787,132.78 161,760,970.47
Settlement fund reserves
Lendings to banks and other financial
institutions
Transaction financial assets
Notes receivable
Accounts receivable 4,716,925.35 1,111,301.71 2,645,699.47 1,014,754.61
Accounts paid in advance 61,708,254.44 50,972,137.65 44,285,760.93 202,040.00
Premium receivables
Receivables from reinsurers
Reinsurance contract reserve receivables
Interest receivable
Dividend receivable 260,015.00 260,015.00 260,015.00 260,015.00
Other account receivables 317,271,244.57 333,766,419.91 189,594,736.47 219,693,993.49
Financial assets purchased under
agreements to resell
Inventories 168,881,585.43 12,782,893.61 538,999,748.54 84,392,446.86
Non-current assets due within 1 year
Other current assets
Total current assets 611,120,086.64 402,785,572.40 1,067,573,093.19 467,324,220.43
Non-current assets:
Loans and advances
Available-for-sale financial assets 408,642,500.00 408,642,500.00 631,417,500.00 631,417,500.00
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 71,917,358.97 297,279,244.46 13,149,424.41 238,511,309.90
Investing property 20,120,137.80 20,783,662.44
Fixed assets 254,779,679.00 18,489,420.01 264,815,483.49 20,720,770.59
Projects in construction
4,721,000.00 - 2,510,000.00 -
Engineering material
606,206.60 - 606,206.60
Fixed asset disposal
Bearer biological assets
Oil and gas assets
Intangible assets 31,976,747.26 1,660,283.79 32,617,178.56 1,696,031.52
Development expense
Goodwill
Long-term expense to be apportioned
1,812,756.03 222,749.23
Deferred tax assets
Other non -current assets
Total of non-current assets 794,576,385.66 726,071,448.26 966,122,204.73 892,345,612.01
Total assets 1,405,696,472.30 1,128,857,020.66 2,033,695,297.92 1,359,669,832.44
Legal representative: Zheng Qing Person-in-charge of the accounting work: Chen Binglian Person-in-charge of the accounting organ: Yang DaoliangBalance Sheet
As at 30 Sept. 2010
Prepared by Hainan Pearl River Holdings Co., Ltd. Unit: RMB Yuan
Item Closing balance Balance at year-begin
Consolidation Parent company Consolidation Parent company
Current liabilities:
Short-term loans - - 276,000,000.00 276,000,000.00
Loans from central bank
Deposits received and held for others
Placements from banks and other financial institutions
Transaction financial liabilities
Notes payable
Accounts payable 18,105,554.33 3,260,778.14 70,793,361.64 4,135,235.24
Accounts received in advance
43,254,643.99 -
306,932,163.78
Financial assets sold under agreements to repurchase
Handling charges and commissions payable
Employee’s compensation payable 3,640,317.65 372,032.58 5,055,394.37 598,915.23
Tax payable 16,734,121.86 -3,190,577.92 -16,948,131.65 -3,354,179.89
Interest payable 75,391,111.70 42,141,133.62 65,601,325.75 29,034,494.85
Dividend payable 3,213,302.88 3,213,302.88 3,213,302.88 3,213,302.88
Other accounts payable 294,154,014.64 266,786,327.74 332,778,891.65 235,716,634.23
Due to reinsurers
Insurance contract reserve
Payables for acting trading securities
Payables for acting underwriting securities
Non-current liabilities due within 1 year - - 79,980,110.00
-
Other current liabilities
Total current liabilities 454,493,067.05 312,582,997.04 1,123,406,418.42 545,344,402.54
Non-current liabilities:
Long-term borrowings 325,000,000.00 220,000,000.00 110,000,000.00
Bonds payable
Long-term payables
Special account payables
Projected liabilities
Deferred tax liabilities 78,719,375.00 78,719,375.00 134,413,125.00 134,413,125.00
Other non-current liabilities
Total non-current liabilities 403,719,375.00 298,719,375.00 244,413,125.00 134,413,125.00
Total liabilities 858,212,442.05 611,302,372.04 1,367,819,543.42 679,757,527.54
Owner’s equity (or shareholders’ equity)
Paid-in capital (or share capital) 426,745,404.00 426,745,404.00 426,745,404.00 426,745,404.00
Capital reserves 621,722,905.97 624,739,245.51 788,804,155.97 791,820,495.51
Less: treasury stock
Surplus reserve 114,177,485.88 109,487,064.39 114,177,485.88 109,487,064.39
General risk provision
Retained earnings -635,374,444.13 -643,417,065.28 -676,622,621.58 -648,140,659.00
Foreign exchange difference
Total owners' equity attributable to holding company 527,271,351.72 517,554,648.62 653,104,424.27 679,912,304.90
Minority interests 20,212,678.53 12,771,330.23
Total owner’s equity 547,484,030.25 517,554,648.62 665,875,754.50 679,912,304.90
Total liabilities and owner’s equity 1,405,696,472.30 1,128,857,020.66 2,033,695,297.92 1,359,669,832.44
Legal representative: Zheng Qing Person-in-charge of the accounting work: Chen Binglian Person-in-charge of the accounting organ: Yang DaoliangIncome Statement
As of the period from Jan.-Sept. 2010
Prepared by Hainan Pearl River Holdings Co., Ltd. Unit: RMB Yuan
Current period Same period of last year
Item
Consolidation Parent company Consolidation Parent company
I. Total operating income 594,410,243.55 81,997,613.20 72,688,429.93 260,925.00
Including: Sales 594,410,243.55 81,997,613.20 72,688,429.93 260,925.00
Interest income
Premium income
Handling charges and commission income
II. Total operating cost 534,980,711.99 77,737,944.64 137,040,284.18 28,662,613.32
Including: Cost of sales
400,622,277.11 42,184,251.33 58,169,541.66
50,981.50
Interest expenses
Service charge and commission expenses
Cash surrender value
Claim expenses-net
Provision for insurance contract reserves-net
Insurance policy dividend paid
Reinsurance expense
Business taxes and surcharges 69,081,371.81 20,132,259.90 4,038,496.52 -205,214.38
Marketing and distribution expenses
8,346,281.40 24,477.00 12,479,741.81
96,843.00
Administrative expenses 42,847,428.51 11,191,400.04 36,203,087.95 10,412,806.74
Financial costs 18,999,304.79 9,158,514.18 21,863,011.83 14,044,818.73
Impairment loss -4,915,951.63 -4,952,957.81 4,286,404.41 4,262,377.73
Add: gain/(loss) from change in fair value (“-” means
loss)
Gain/(loss) from investment (“-” means loss) -135,525.88 -135,525.88 131,129,924.21 131,129,924.21
Including: income form investment on affiliated
enterprises and jointly-run enterprises -135,525.88 -135,525.88 -
Foreign exchange difference (“-” means loss)
III. Business profit (“-” means loss) 59,294,005.68 4,124,142.68 66,778,069.96 102,728,235.89
Add: non-business income
1,735,978.72 1,710,013.72 2,518,993.95
-
Less: non-business expense
173,530.62 14,023.12 220,006.79
216,032.03
Including: loss from non-current asset disposal
32,373.03 14,023.12 27,500.00
27,500.00
IV. Total profit (“-” means loss)
60,856,453.78 5,820,133.28 69,077,057.12
102,512,203.86
Less: Income tax expense
13,811,737.36 - 294,433.43
-
V. Net profit (“-” means loss) 47,044,716.42 5,820,133.28 68,782,623.69 102,512,203.86
Attributable to owners of parent company 39,603,368.12 70,637,761.25
Gain/loss of minority shareholders 7,441,348.30 -1,855,137.56
VI. Earnings per share
(I) Basic earnings per share 0.09 0.17
(II) Diluted earnings per share 0.09 0.17
VII. Other comprehensive income -165,436,440.67 -168,177,789.56 333,098,373.99 333,098,373.99
VIII. Total comprehensive income -118,391,724.25 -162,357,656.28 401,880,997.68 435,610,577.85
Attributable to owners of parent company -125,833,072.55 403,736,135.24
Attributable to minority shareholders 7,441,348.30 -1,855,137.56
Legal representative: Zheng Qing Person-in-charge of the accounting work: Chen Binglian Person-in-charge of the accounting organ: Yang DaoliangIncome Statement
As of the period from Jul.-Sept. 2010
Prepared by Hainan Pearl River Holdings Co., Ltd. Unit: RMB Yuan
Item Current period Same period of last year
Consolidation Parent company Consolidation Parent company
I. Total operating income 50,373,671.40 66,970.00 24,650,569.35 66,970.00
Including: Sales 50,373,671.40 66,970.00 24,650,569.35 66,970.00
Interest income
Premium income
Handling charges and commission income
II. Total operating cost 60,088,289.17 5,559,167.49 41,529,457.76 4,822,496.96
Including: Cost of sales 33,955,465.78 13,289.25 19,933,791.07 16,993.83
Interest expenses
Service charge and commission expenses
Cash surrender value
Claim expenses-net
Provision for insurance contract
reserves-net
Insurance policy dividend paid
Reinsurance expense
Business taxes and surcharges 5,276,755.63 7,366.70 1,634,406.87 3,683.36
Marketing and distribution expenses 1,761,409.87 - 3,954,944.17 89,534.00
Administrative expenses 12,994,666.47 2,468,578.25 13,006,338.49 4,424,107.20
Financial costs 6,301,043.82 2,736,412.70 6,111,852.42 3,358,147.99
Impairment loss -201,052.40 333,520.59 -3,111,875.26 -3,069,969.42
Add: gain/(loss) from change in fair value
(“-” means loss)
Gain/(loss) from investment (“-” means
loss) -200,390.44 -200,390.44 - -
Including: income form investment on
affiliated enterprises and jointly-run
enterprises -200,390.44
Foreign exchange difference (“-” means
loss)
III. Business profit (“-” means loss) -9,915,008.21 -5,692,587.93 -16,878,888.41 -4,755,526.96
Add: non-business income 25,965.00 - 2,365,871.78 -
Less: non-business expense 60,000.00 - 987.74 -
Including: loss from non-current asset
disposal - - 987.74
IV. Total profit (“-” means loss) -9,949,043.21 -5,692,587.93 -14,514,004.37 -4,755,526.96
Less: Income tax expense 931,171.76 242,095.25
V. Net profit (“-” means loss) -10,880,214.97 -5,692,587.93 -14,756,099.62 -4,755,526.96
Attributable to owners of parent company -11,308,336.38 -14,165,641.06
Gain/loss of minority shareholders 428,121.41 -590,458.56
VI. Earnings per share
(I) Basic earnings per share -0.03 -0.03
(II) Diluted earnings per share -0.03 -0.03
VII. Other comprehensive income 2,493,750.00 2,493,750.00 -80,797,500.00
-80,797,500.00
VIII. Total comprehensive income -8,386,464.97 -3,198,837.93 -95,553,599.62 -85,553,026.96
Attributable to owners of parent company -8,814,586.38 -94,963,141.06
Attributable to minority shareholders 428,121.41 -590,458.56
Legal representative: Zheng Qing Person-in-charge of the accounting work: Chen Binglian Person-in-charge of the accounting organ: Yang DaoliangCash Flow Statement
As of the period from Jan.-Sept. 2010
Prepared by Hainan Pearl River Holdings Co., Ltd. Unit: RMB Yuan
Item ConsolidatiCounr r ent perPiaorde n t company ConsoSliadmaet ipoenr io d of lPaasrte nyte acro m pany
I. Cash flows from operating activities
Cash received from sales of goods or rending of services 311,056,465.19 63,062,832.61 322,770,087.33 1,796,479.00
Net increase of customer deposits received and held for others
Net increase of loans from central bank
Net increase of loans from other financial institutions
Cash received against original insurance contracts
Net Cash received from reinsurance
Net increase of client deposit and investment
Net increase of disposal of tradable financial assets
Cash received as interest, fees and commissions
Net increase of borrowings from banks and other financial
institutions
Cash received under repurchasing, net
Tax and fare refunds
Other cash received from operating activities 63,644,782.99 42,065,771.68 11,921,658.30 6,288,346.54
Sub-total of cash inflows from operating activities 374,701,248.18 105,128,604.29 334,691,745.63 8,084,825.54
Cash paid for goods and services 128,325,970.11 50,444,358.71 161,957,480.49 1,984,729.33
Net increase of customer loans and advances
Net increase of deposits in central bank, banks and other financial
institutions
Cash paid for original contract claims
Cash paid for interest, fees and commissions
Cash paid for policy dividend
Cash paid to and for employees 44,202,813.92 2,378,246.58 43,165,659.54 3,181,120.48
Cash paid for taxes and fares 52,896,374.95 21,293,555.78 30,837,883.74 1,947,239.02
Other cash paid relating to operating activities 84,765,416.82 22,480,311.72 17,057,515.56 12,960,391.96
Sub-total of cash outflows from operating activities 310,190,575.80 96,596,472.79 253,018,539.33 20,073,480.79
Net cash flows from operating activities 64,510,672.38 8,532,131.50 81,673,206.30 -11,988,655.25
II. Cash Flows from Investing Activities
Cash received from withdrawal of investments 35,000,000.00 35,000,000.00
4,115,779.83
4,115,779.83
Cash received from investment income
Net cash received from disposal of fixed assets, intangible assets
and other long-term assets 3,700,173.00 3,628,173.00 65,198.31
Net cash received from disposal of subsidiaries and other operating
units
70,000.00
Other cash received relating to investing activities
Sub-total of cash inflows of investing activities 38,700,173.00 38,628,173.00 4,250,978.14
4,115,779.83
Cash paid for acquisition of fixed assets, intangible assets and
other long-term assets 16,269,801.23 2,230,047.70 11,860,801.02 37,966.00
Cash paid for acquisition of investments 152,600,000.00 195,600,000.00
12,000,000.00
Net increase of pledge loans
Net cash paid for acquisition of subsidiaries and other operating units
Other cash paid relating to investing activities 15,401,893.30
Sub-total of cash outflows of investing activities 184,271,694.53 197,830,047.70 11,860,801.02 12,037,966.00
Net cash flows from investing activities -145,571,521.53 -159,201,874.70 -7,609,822.88 -7,922,186.17
III. Cash Flows from Financing Activities:
Cash received from absorbing investments
Including: Cash received by subsidiaries as investments from minority
shareholders
Cash received from borrowings 222,000,000.00 270,000,000.00 427,850,000.00 317,850,000.00
Cash received from bonds issuing
Other cash received relating to financing activities
Sub-total of cash inflows of financing activities 222,000,000.00 270,000,000.00 427,850,000.00 317,850,000.00
Cash paid for repayments of borrowings 360,980,110.00 276,000,000.00 178,180,000.00 2,680,000.00
Cash paid for dividends, profit distribution or interest 13,464,111.78 1,198,422.75 8,073,196.23 1,281,089.44
Including: dividends or profits paid to minority shareholders by
subsidiaries
Other cash paid relating to financing activities
67,825.00 67,825.00
Sub-total of cash outflows of financing activities 374,444,221.78 277,198,422.75 186,321,021.23 4,028,914.44
Net cash flows from financing activities -152,444,221.78 -7,198,422.75 241,528,978.77 313,821,085.56
IV. Effect of foreign exchange rate changes on cash and cash equivalents
V. Net decrease in cash and cash equivalents -233,505,070.93 -157,868,165.95 315,592,362.19 293,910,244.14
Add: Opening balance of cash and cash equivalents 291,787,132.78 161,760,970.47 36,655,536.17 4,869,795.27
VI. Closing balance of cash and cash equivalents 58,282,061.85 3,892,804.52 352,247,898.36 298,780,039.41
Legal representative: Zheng Qing Person-in-charge of the accounting work: Chen Binglian Person-in-charge of the accounting organ: Yang Daoliang
