Abstract of the Report for the Third Quarter of 2013 of HaiNan Pearl River Holdings Co., Ltd.
Stock Code: 000505, 200505 Stock Abbr.: *STZJ, *STZJB Announcement No.: 2013-032
HaiNan Pearl River Holdings Co., Ltd.
Abstract of the Report for the Third Quarter of 2013
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Abstract of the Report for the Third Quarter of 2013 of HaiNan Pearl River Holdings Co., Ltd.
Section I. Important Reminders
The Board of Directors, the Supervisory Committee as well as all directors, supervisors and senior
management staff of XXX Co., Ltd. (hereinafter referred to as “the Company”) warrant that this
report is factual, accurate and complete without any false record, misleading statement or material
omission. And they shall be jointly and severally liable for that.
All directors attended the board session for reviewing this report.
Zheng Qing, company principal, Chen Binglian, chief of the accounting work, and Yang Daoliang,
chief of the accounting organ (chief of accounting), hereby confirm that the financial statements
enclosed in this report are factual, accurate and complete.
This report is prepared in both Chinese and English. Should there be any discrepancy between the
two versions, the Chinese version shall prevail.
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Abstract of the Report for the Third Quarter of 2013 of HaiNan Pearl River Holdings Co., Ltd.
Section II. Financial Highlights & Change of Shareholders
I. Major accounting data and financial indexes
Does the Company adjust retrospectively or restate accounting data of previous years due to change of the
accounting policy or correction of any accounting error?
√ Yes □ No
31 Dec. 2012 Increase/decrease (%)
30 Sept. 2013
Before adjustment After adjustment After adjustment
Total assets (RMB Yuan) 1,436,266,260.28 1,424,764,273.52 1,424,764,273.52 0.81%
Net assets attributable to
shareholders of the Company 141,237,729.67 237,625,634.44 237,625,634.44 -40.56%
(RMB Yuan)
YoY increase/decrease YoY increase/decrease
Jul.-Sept. 2013 Jan.-Sept. 2013
(%) (%)
Operating revenues (RMB Yuan) 47,202,742.92 14.03% 154,425,764.05 3.13%
Net profit attributable to
shareholders of the Company -34,001,104.90 17.17% -98,456,113.55 -24.97%
(RMB Yuan)
Net profit attributable to
shareholders of the Company after
-43,085,186.74 -3.94% -115,964,812.01 -15.4%
extraordinary gains and losses
(RMB Yuan)
Net cash flows from operating
-- -- -64,788,775.13 7.65%
activities (RMB Yuan)
Basic EPS (RMB Yuan/share) -0.08 20% -0.23 -27.78%
Diluted EPS (RMB Yuan/share) -0.08 20% -0.23 -27.78%
Weighted average ROE (%) -23.82% -11.96% -51.97% -28.72%
Items and amounts of extraordinary gains and losses
√Applicable □Inapplicable
Unit: RMB Yuan
Item Amount as of Jan.-Sept. 2013 Note
Gains/losses on the disposal of non-current assets (including the
179,405.31
offset part of asset impairment provisions)
Capital occupation charges on non-financial enterprises that
5,671,854.08
recorded into current gains and losses
Gain/loss on debt restructuring 5,644,350.59
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Abstract of the Report for the Third Quarter of 2013 of HaiNan Pearl River Holdings Co., Ltd.
Other non-operating income and expenses other than the above 2,993,612.32
Other gain/loss items that meet the definition of an extraordinary
3,064,013.00
gain/loss
Less: Income tax effects 33,805.90
Minority interests effects (after tax) 10,730.94
Total 17,508,698.46 --
Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in
the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the
Public?Extraordinary Gains and Losses, or classifies any extraordinary gain/loss item mentioned in the said
explanatory announcement as a recurrent gain/loss item
□ Applicable √ Inapplicable
II. Total number of shareholders at the period-end and shares held by the top ten
shareholders
Unit: share
Total number of shareholders at the
38,713
period-end
Shares held by the top ten shareholders
Number of the Pledged or frozen shares
Name of Nature of Shareholding Number of the
restricted shares
shareholder shareholder percentage (%) shares held Status of shares Number of shares
held
Beijing Wanfa
Real Estate State-owned
26.36% 112,479,478 0 Pledged 20,000,000
Development corporation
Co., Ltd.
Domestic natural
Zhang Xiaoxia 0.46% 1,949,250 0
person
Domestic natural
Chen Mingwei 0.43% 1,827,900 0
person
Domestic natural
Hu Zhengxiu 0.43% 1,827,000 0
person
Domestic natural
Zeng Ping 0.41% 1,750,000 0
person
Domestic natural
Ou Lei 0.35% 1,500,000 0
person
Domestic natural
Li Hong 0.33% 1,400,500 0
person
Song Jing Domestic natural 0.32% 1,356,799 0
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Abstract of the Report for the Third Quarter of 2013 of HaiNan Pearl River Holdings Co., Ltd.
person
Domestic
Nanhua Finance
non-state-owned 0.3% 1,299,500 1,299,500
Co., Ltd.
corporation
Domestic natural
Sheng Fubo 0.28% 1,192,095 0
person
Shares held by the top ten non-restricted share holders
Type of shares
Name of shareholder Number of non-restricted shares held
Type Number
Beijing Wanfa Real Estate RMB ordinary
112,479,478 112,479,478
Development Co., Ltd. shares
Domestically
Zhang Xiaoxia 1,949,250 listed foreign 1,949,250
shares
Domestically
Chen Mingwei 1,827,900 listed foreign 1,827,900
shares
RMB ordinary
Hu Zhengxiu 1,827,000 1,827,000
shares
RMB ordinary
Zeng Ping 1,750,000 1,750,000
shares
RMB ordinary
Ou Lei 1,500,000 1,500,000
shares
RMB ordinary
Li Hong 1,400,500 1,400,500
shares
RMB ordinary
Song Jing 1,356,799 1,356,799
shares
Domestically
Sheng Fubo 1,192,095 listed foreign 1,192,095
shares
RMB ordinary
Xu Zhen 1,159,300 1,159,300
shares
Among shareholders above, there exists no related-party relationship between the principal
Explanation on associated shareholder and other shareholders of the Company. Nor they are parties with concerted
relationship or persons acting in action as prescribed in the Information Disclosure Administrative Methods for Changes in
concert among the above-mentioned Shareholding of Shareholders of Listed Companies. And it is unknown whether there is
shareholders related-party relationship among other shareholders and whether they are prescribed parties
with concerted action.
Shareholders taking part in margin Naught
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Abstract of the Report for the Third Quarter of 2013 of HaiNan Pearl River Holdings Co., Ltd.
financing and securities lending (if
any)
Did any shareholder of the Company carry out an agreed buy-back in the reporting period?
□ Yes √ No
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Report for the Third Quarter of 2013 of HaiNan Pearl River Holdings Co., Ltd.
Section III. Significant Events
I. Major changes of main accounting statement items and financial indicators in the reporting
period, as well as reasons for the changes
1. Financial statement item
Item Increase/decrease
30 Sept. 2013 31 Dec. 2012 Main reason for the change
(%)
Accounts 17,370,512.29 9,889,336.96 75.65% Mainly due to the income of the property service
receivable and the hotel revenues of the subsidiary increased,
which led accounts payable increased
correspondingly.
Short-term loans - 210,000,000.00 -100.00% Due to the short-term loans which had returned to
Chongqing International Trust Co., Ltd.
Taxes payable -1,028,383.07 2,205,732.91 -146.62% Due to the payment of the taxes and so on.
Other accounts 701,211,935.09 379,871,030.04 84.59% Mainly due to the borrowed funds from other
payable enterprises increased.
Non-current 228,000,000.00 28,000,000.00 714.29% Loans from Chongqing International Trust Co., Ltd.
liabilities due will due within 1 year.
within 1 year
Long-term loans 132,000,000.00 341,000,000.00 -61.29% Loans from Chongqing International Trust Co., Ltd.
will due within 1 year.
2. Income statement and cash flow statement
Item Jan.-Sep. Jan.- Sep. 2012 Increase/decrease
Main reason for the change
2013 (%)
Financial expenses 65,346,919.03 47,616,946.88 37.23% Mainly due to the raising funds increased.
Assets impairment -1,475,764.86 -8,082,061.18 81.74% Mainly due to the recover part of the current
loss payment of the reversal of bad debts provision
decreased.
Investment gains 2,355,087.76 17,854,565.89 -86.81% Mainly due to the transfer of parts of Xinan
Securities shares of last period, and there’s no
such situation in this period.
Non-operating 8,892,795.37 171,828.34 5075.40% Mainly due to the gains on restructuring of de
income bt with Construction Bank and the default com
pensation of the original Longzhu Three Projec
t.
Income tax expenses 208,612.05 1,872,560.35 -88.86% Mainly due to the profits from the
subsidiary?Hubei Pearl River Real Estate
Development Co., Ltd. decreased.
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Report for the Third Quarter of 2013 of HaiNan Pearl River Holdings Co., Ltd.
Gains and losses of -2,808,509.35 -184,402.81 -1423.03% Mainly due to the profits from the
minority subsidiary?Hubei Pearl River Real Estate
shareholders Development Co., Ltd. decreased.
Other comprehensive 2,068,208.78 10,611,681.59 -80.51% Mainly due to the transfer of parts of Xinan
income Securities shares of last period, and there’s no
such situation in this period.
Net cash flows from -5,094,222.55 -64.689,197.79 92.13% Mainly due to the cash payment of the purchase of
investing activities the fixed assets and so on decreased compared to
the same period of last period.
Net cash flows from 62,907,979.91 232,678,551.25 -72.96% Mainly due to the cash received from the loans
financing activities decreased compared to the same period of last
period.
II. Progress and influence of significant events, as well as the analysis and explanation on
solutions
Index to the relevant announcement
Overview of the significant event Date of disclosure
disclosed on the website
Process of Longzhu Three Projects: 22
Aug. 2013, the Company had a
quadripartite agreement, Supplementary
Agreement on Executing the Center
Project--the Original Sixth Agreement of
Haikou Visun, with Haikou Visun Real
Estate Development Co., Ltd., Haikou
Visun Binhai Construction Co., Ltd.,
Hainan Visun Real Estate Group Co., Ltd..
Visun Company paid the Company eco
nomic compensation with the amount of China Securities Journal, Hong Kong T
RMB 3 million because of the delaye a Kung Pao and http//www.cninfo.com.c
24 Aug. 2013
d construction. At the same time, Visun n on 10 Apr., 26 May, 18 Jun. in 201
Company promised to promote the pla 0, 22 Nov. 2011 and 24 Aug. 2013.
nning approval process of the center pr
oject of Visun as well as to start the c
omprehensive construction after meeting
with the construction conditions as soo
n as possible, and try hard to gain the
permit for presale for the center proje
ct of Visun. The project insured the Co
mpany for avoiding the losses that due
to the possible delayed construction ag
ain.
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Report for the Third Quarter of 2013 of HaiNan Pearl River Holdings Co., Ltd.
III. Commitments made by the Company or shareholders holding over 5% of the Company’s
shares in the reporting period or such commitments carried down into the reporting period
□ Applicable √ Inapplicable
IV. Predict the 2013 annual operating results
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 reporting period compared with the same period of the last year
according to prediction, as well as explanations on the reasons
□Applicable √Inapplicable
V. Securities investment
Sharehold Sharehold
Initial Number Number Closing Gain/loss
ing ing
investme of shares of shares book for report
Variety of Code of Name of percentag percentag Accounti Source of
nt cost held at held at value period
securities securities securities e at e at ng title stock
(RMB period-be period-en (RMB (RMB
period-be period-en
Yuan) gin d Yuan) Yuan)
gin d
Financial
Direct
Southwest 150,000,0 30,640,13 30,640,13 235,009,7 assets
Shares 600369 1.32% 1.32% 0.00 admissio
Securities 00.00 0 0 97.10 available-
n
for-sale
150,000,0 30,640,13 30,640,13 235,009,7
Total -- -- 0.00 -- --
00.00 0 0 97.10
Shareholdings in other listed companies
□Applicable √Inapplicable
VI. Investments in derivatives
□Applicable √Inapplicable
VII. Researches, visits and interviews received in the reporting period
Main discussion and
Time of reception Place of reception Way of reception Visitor type Visitor materials provided by the
Company
Put forward advice for the
Securities Telephone Company, and had record it
5 Jul. 2013 Individual Individual investor
department Communication as well as reported to board
of directors.
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Report for the Third Quarter of 2013 of HaiNan Pearl River Holdings Co., Ltd.
Inquire of the published t
Securities Telephone ime of the earnings prean
9 Jul. 2013 Individual Individual investor
department Communication nouncement and had repli
ed.
Coal Project of Mulin Town
and Iron Ore Project of
Securities Telephone
12 Jul. 2013 Individual Individual investor Yunxi: had replied and
department Communication
offered published
information.
Know of the process of
Securities
12 Aug. 2013 Written inquiries Individual Individual investor Visun Project, and had
department
replied.
Process of the New
Residential Project of
13 Aug. 2013 Individual Individual investor Individual Individual investor Nanluoling Village, Dahe
Town, Luquan, Hebei, and
had replied
Securities Telephone Inquire of the company
20 Aug. 2013 Individual Individual investor
department Communication performance.
Securities Telephone Inquire of the development
23 Sep. 2013 Individual Individual investor
department Communication prospect of the Company.
Securities Telephone Know of the operation
24 Sep. 2013 Individual Individual investor
department Communication situation of the Company.
Put forward advice for the
Securities Telephone Company, and had record it
24 Sep. 2013 Individual Individual investor
department Communication as well as reported to board
of directors.
HaiNan Pearl River Holdings Co., Ltd.
24 Oct. 2013
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