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.
Report for the Third Quarter of 2013
1
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.
2
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
3
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
State-owned
Real Estate 26.36% 112,479,478 0 Pledged 20,000,000
corporation
Development
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
Domestic natural
Song Jing 0.32% 1,356,799 0
person
Nanhua Finance Domestic 0.3% 1,299,500 1,299,500
4
Report for the Third Quarter of 2013 of HaiNan Pearl River Holdings Co., Ltd.
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
financing and securities lending (if Naught
any)
Did any shareholder of the Company carry out an agreed buy-back in the reporting period?
□ Yes √ No
5
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.
7
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
9
Report for the Third Quarter of 2013 of HaiNan Pearl River Holdings Co., Ltd.
Section IV. Financial Statements
I. Financial statements
1. Consolidated balance sheet
Prepared by HaiNan Pearl River Holdings Co., Ltd.
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 58,787,853.56 65,762,871.33
Settlement reserves
Intra-group lendings
Transactional financial assets
Notes receivable
Accounts receivable 17,370,512.29 9,889,336.96
Accounts paid in advance 173,594,989.13 148,283,887.61
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract
reserves
Interest receivable
Dividend receivable 260,015.00 260,015.00
Other accounts receivable 313,700,302.41 314,281,649.69
Financial assets purchased under
agreements to resell
Inventories 111,169,943.97 109,749,172.81
Non-current assets due within 1 year
Other current assets 3,000,000.00
Total current assets 677,883,616.36 648,226,933.40
Non-current assets:
Loans by mandate and advances
granted
Available-for-sale financial assets 276,373,972.60 273,616,360.90
Held-to-maturity investments
10
Report for the Third Quarter of 2013 of HaiNan Pearl River Holdings Co., Ltd.
Long-term accounts receivable
Long-term equity investment 50,049,791.10 50,758,716.34
Investing property 24,274,063.96 25,308,707.14
Fixed assets 317,234,405.53 334,321,547.26
Construction in progress 38,791,384.28 34,908,625.06
Engineering materials 606,206.60 606,206.60
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 30,916,300.94 31,636,550.86
R&D expense
Goodwill
Long-term deferred expenses 20,136,518.91 25,380,625.96
Deferred income tax assets
Other non-current assets
Total of non-current assets 758,382,643.92 776,537,340.12
Total assets 1,436,266,260.28 1,424,764,273.52
Current liabilities:
Short-term borrowings 210,000,000.00
Borrowings from Central Bank
Customer bank deposits and due to
banks and other financial institutions
Intra-group borrowings
Transactional financial liabilities
Notes payable
Accounts payable 19,307,946.77 20,503,123.52
Accounts received in advance 19,329,405.64 19,033,810.90
Financial assets sold for repurchase
Handling charges and commissions
payable
Employee’s compensation payable 8,527,484.11 9,181,755.84
Tax payable -1,028,383.07 2,205,732.91
Interest payable 122,908,293.74 112,552,231.11
Dividend payable 3,213,302.88 3,213,302.88
Other accounts payable 701,211,935.09 379,871,030.04
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Report for the Third Quarter of 2013 of HaiNan Pearl River Holdings Co., Ltd.
Reinsurance premiums payable
Insurance contract reserves
Payables for acting trading of
securities
Payables for acting underwriting of
securities
Non-current liabilities due within 1
228,000,000.00 28,000,000.00
year
Other current liabilities
Total current liabilities 1,101,469,985.16 784,560,987.20
Non-current liabilities:
Long-term borrowings 132,000,000.00 341,000,000.00
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities 48,290,592.27 47,601,189.35
Other non-current liabilities
Total non-current liabilities 180,290,592.27 388,601,189.35
Total liabilities 1,281,760,577.43 1,173,162,176.55
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 426,745,404.00 426,745,404.00
Capital reserves 524,014,365.95 521,946,157.17
Less: Treasury stock
Specific reserves
Surplus reserves 109,487,064.39 109,487,064.39
Provisions for general risks
Retained profits -919,009,104.67 -820,552,991.12
Foreign exchange difference
Total equity attributable to owners of
141,237,729.67 237,625,634.44
the Company
Minority interests 13,267,953.18 13,976,462.53
Total owners’ (or shareholders’) equity 154,505,682.85 251,602,096.97
Total liabilities and owners’ (or
1,436,266,260.28 1,424,764,273.52
shareholders’) equity
12
Report for the Third Quarter of 2013 of HaiNan Pearl River Holdings Co., Ltd.
Legal representative: Zheng Qing Person-in-charge of the accounting work: Chen Binglian
Chief of the accounting division: Yang Daoliang
2. Balance sheet of the Company
Prepared by HaiNan Pearl River Holdings Co., Ltd.
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 7,226,421.54 2,641,297.45
Transactional financial assets
Notes receivable
Accounts receivable 2,968,429.08 2,341,351.09
Accounts paid in advance 50,300,000.00 50,196,666.00
Interest receivable
Dividend receivable 260,015.00 260,015.00
Other accounts receivable 594,298,369.78 557,322,758.74
Inventories 4,824,035.45 4,824,035.45
Non-current assets due within 1 year
Other current assets
Total current assets 659,877,270.85 617,586,123.73
Non-current assets:
Available-for-sale financial assets 276,373,972.60 273,616,360.90
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 299,436,895.40 300,108,192.64
Investing property 7,366,586.48 7,593,413.93
Fixed assets 16,278,268.98 17,446,366.12
Construction in progress
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 1,517,292.87 1,553,040.60
R&D expense
13
Report for the Third Quarter of 2013 of HaiNan Pearl River Holdings Co., Ltd.
Goodwill
Long-term deferred expenses 11,953,441.04 16,324,363.64
Deferred income tax assets
Other non-current assets
Total of non-current assets 612,926,457.37 616,641,737.83
Total assets 1,272,803,728.22 1,234,227,861.56
Current liabilities:
Short-term borrowings 210,000,000.00
Transactional financial liabilities
Notes payable
Accounts payable 2,482,949.70 2,482,949.70
Accounts received in advance 130,680.00 59,400.00
Employee’s compensation payable 468,881.71 546,010.23
Tax payable -1,336,435.64 -1,615,110.81
Interest payable 89,566,938.50 81,573,212.53
Dividend payable 3,213,302.88 3,213,302.88
Other accounts payable 554,182,620.91 295,396,790.14
Non-current liabilities due within 1
197,000,000.00
year
Other current liabilities
Total current liabilities 845,708,938.06 591,656,554.67
Non-current liabilities:
Long-term borrowings 178,000,000.00
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities 47,492,201.50 46,802,798.58
Other non-current liabilities
Total non-current liabilities 47,492,201.50 224,802,798.58
Total liabilities 893,201,139.56 816,459,353.25
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 426,745,404.00 426,745,404.00
Capital reserves 527,030,705.49 524,962,496.71
14
Report for the Third Quarter of 2013 of HaiNan Pearl River Holdings Co., Ltd.
Less: Treasury stock
Specific reserves
Surplus reserves 109,487,064.39 109,487,064.39
Provisions for general risks
Retained profits -683,660,585.22 -643,426,456.79
Foreign exchange difference
Total owners’ (or shareholders’) equity 379,602,588.66 417,768,508.31
Total liabilities and owners’ (or
1,272,803,728.22 1,234,227,861.56
shareholders’) equity
Legal representative: Zheng Qing Person-in-charge of the accounting work: Chen Binglian
Chief of the accounting division: Yang Daoliang
3. Consolidated income statement for the reporting period
Prepared by HaiNan Pearl River Holdings Co., Ltd.
Unit: RMB Yuan
Item Jul.-Sept. 2013 Jul.-Sept. 2012
I. Total operating revenues 47,202,742.92 41,396,363.51
Including: Sales income 47,202,742.92 41,396,363.51
II. Total operating cost 91,267,715.61 83,012,981.08
Including: Cost of sales 39,178,126.18 33,761,484.54
Taxes and associate charges 3,259,795.48 2,394,060.06
Selling and distribution expenses 1,612,330.26 1,826,277.83
Administrative expenses 23,184,600.41 25,445,687.48
Financial expenses 24,473,683.01 18,550,214.62
Asset impairment loss -440,819.73 1,035,256.55
Gain/(loss) from
-201,429.17 -258,725.01
investment (“-” means loss)
Including: share of profits
-201,429.17
in associates and joint ventures
III. Business profit (“-” means loss) -44,266,401.86 -41,875,342.58
Add: non-operating income 8,819,519.77 98,938.84
Less: non-operating expense 4,119.85 13,884.01
IV. Total profit (“-” means loss) -35,451,001.94 -41,790,287.75
Less: Income tax expense 33,134.28 95,531.39
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Report for the Third Quarter of 2013 of HaiNan Pearl River Holdings Co., Ltd.
V. Net profit (“-” means loss) -35,484,136.22 -41,885,819.14
Attributable to owners of the
-34,001,104.90 -41,048,615.60
Company
Minority shareholders’ income -1,483,031.32 -837,203.54
VI. Earnings per share -- --
(I) Basic earnings per share -0.08 -0.1
(II) Diluted earnings per share -0.08 -0.1
Ⅶ. Other comprehensive incomes 31,023,131.63 -41,420,280.00
Ⅷ. Total comprehensive incomes -4,461,004.59 -83,306,099.14
Attributable to owners of the
-2,977,973.27 -82,468,895.60
Company
Attributable to minority
-1,483,031.32 -837,203.54
shareholders
Legal representative: Zheng Qing Person-in-charge of the accounting work: Chen Binglian
Chief of the accounting division: Yang Daoliang
4. Income statement of the Company for the reporting period
Prepared by HaiNan Pearl River Holdings Co., Ltd.
Unit: RMB Yuan
Item Jul.-Sept. 2013 Jul.-Sept. 2012
I. Total sales 290,872.20 288,669.10
Less: cost of sales 88,898.40 88,898.40
Business taxes and surcharges 16,288.84 16,165.47
Distribution expenses 1,701.00
Administrative expenses 5,385,677.19 5,654,351.12
Financial costs 16,490,490.12 11,264,799.65
Impairment loss -431,920.19 983,003.54
Gain/(loss) from investment
-170,780.17 -258,725.01
(“-” means loss)
II. Business profit (“-” means loss) -21,429,342.33 -17,978,975.09
Add: non-business income 8,644,350.59
Less: non-business expense 523.93 3,528.12
III. Total profit (“-” means loss) -12,785,515.67 -17,982,503.21
IV. Net profit (“-” means loss) -12,785,515.67 -17,982,503.21
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Report for the Third Quarter of 2013 of HaiNan Pearl River Holdings Co., Ltd.
V. Earnings per share -- --
VI. Other comprehensive income 31,023,131.63 -41,420,280.00
VII. Total comprehensive income 18,237,615.96 -59,402,783.21
Legal representative: Zheng Qing Person-in-charge of the accounting work: Chen Binglian
Chief of the accounting division: Yang Daoliang
5. Consolidated income statement for Jan.-Sept. 2013
Prepared by HaiNan Pearl River Holdings Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2013 Jan.-Sept. 2012
I. Total operating revenues 154,425,764.05 149,738,319.71
Including: Sales income 154,425,764.05 149,738,319.71
Interest income
Premium income
Handling charge and
commission income
II. Total operating cost 266,654,230.88 244,719,732.49
Including: Cost of sales 117,018,038.63 108,730,640.46
Interest expenses
Handling charge and
commission expenses
Surrenders
Net claims paid
Net amount withdrawn for the
insurance contract reserve
Expenditure on policy dividends
Reinsurance premium
Taxes and associate charges 9,620,082.67 11,301,987.61
Selling and distribution expenses 6,219,275.46 6,705,935.94
Administrative expenses 69,925,679.95 78,446,279.78
Financial expenses 65,346,919.03 47,616,949.88
Asset impairment loss -1,475,764.86 -8,082,061.18
Add: Gain/(loss) from change in fair
value (“-” means loss)
17
Report for the Third Quarter of 2013 of HaiNan Pearl River Holdings Co., Ltd.
Gain/(loss) from investment (“-”
2,355,087.76 17,854,565.89
means loss)
Including: share of profits in associates
-708,925.24 -688,189.29
and joint ventures
Foreign exchange gains (“-” means
loss)
III. Business profit (“-” means loss) -109,873,379.07 -77,126,846.89
Add: non-operating income 8,892,795.37 171,828.34
Less: non-operating expense 75,427.15 140,237.95
Including: loss from non-current asset
18,727.23
disposal
IV. Total profit (“-” means loss) -101,056,010.85 -77,095,256.50
Less: Income tax expense 208,612.05 1,872,560.35
V. Net profit (“-” means loss) -101,264,622.90 -78,967,816.85
Including: Net profit achieved by
combined parties before the
combinations
Attributable to owners of the
-98,456,113.55 -78,783,414.04
Company
Minority shareholders’ income -2,808,509.35 -184,402.81
VI. Earnings per share -- --
(I) Basic earnings per share -0.23 -0.18
(II) Diluted earnings per share -0.23 -0.18
Ⅶ. Other comprehensive incomes 2,068,208.78 10,611,681.59
Ⅷ. Total comprehensive incomes -99,196,414.12 -68,356,135.26
Attributable to owners of the
-96,387,904.77 -68,171,732.45
Company
Attributable to minority
-2,808,509.35 -184,402.81
shareholders
Legal representative: Zheng Qing Person-in-charge of the accounting work: Chen Binglian
Chief of the accounting division: Yang Daoliang
6. Income statement of the Company for Jan.-Sept. 2013
Prepared by HaiNan Pearl River Holdings Co., Ltd.
Unit: RMB Yuan
18
Report for the Third Quarter of 2013 of HaiNan Pearl River Holdings Co., Ltd.
Item Jan.-Sept. 2013 Jan.-Sept. 2012
I. Total sales 872,616.60 868,007.30
Less: cost of sales 266,695.20 266,695.20
Business taxes and surcharges 48,866.52 48,496.41
Distribution expenses 2,968.00
Administrative expenses 16,407,806.60 16,416,375.91
Financial costs 46,074,535.80 27,302,414.28
Impairment loss -10,660,882.71 -2,293,543.42
Add: gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-” means
2,392,715.76 110,254,565.89
loss)
Including: income form investment on
-671,297.24 -688,189.29
associates and joint ventures
II. Business profit (“-” means loss) -48,871,689.05 69,379,166.81
Add: non-business income 8,644,350.78
Less: non-business expense 6,790.16 3,543.18
Including: loss from non-current asset
disposal
III. Total profit (“-” means loss) -40,234,128.43 69,375,623.63
Less: income tax expense
IV. Net profit (“-” means loss) -40,234,128.43 69,375,623.63
V. Earnings per share -- --
(I) Basic earnings per share 0 0
(II) Diluted earnings per share 0 0
VI. Other comprehensive income 2,068,208.78 10,611,681.59
VII. Total comprehensive income -38,165,919.65 79,987,305.22
Legal representative: Zheng Qing Person-in-charge of the accounting work: Chen Binglian
Chief of the accounting division: Yang Daoliang
7. Consolidated cash flow statement for Jan.-Sept. 2013
Prepared by HaiNan Pearl River Holdings Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2013 Jan.-Sept. 2012
19
Report for the Third Quarter of 2013 of HaiNan Pearl River Holdings Co., Ltd.
I. Cash flows from operating activities:
Cash received from sale of
150,363,104.72 134,531,557.50
commodities and rendering of service
Net increase of deposits from
customers and dues from banks
Net increase of loans from the central
bank
Net increase of funds borrowed from
other financial institutions
Cash received from premium of
original insurance contracts
Net cash received from reinsurance
business
Net increase of deposits of policy
holders and investment fund
Net increase of disposal of tradable
financial assets
Cash received from interest, handling
charges and commissions
Net increase of intra-group
borrowings
Net increase of funds in repurchase
business
Tax refunds received
Other cash received relating to
31,350,987.80 18,020,154.87
operating activities
Subtotal of cash inflows from operating
181,714,092.52 152,551,712.37
activities
Cash paid for goods and services 63,227,126.91 51,505,073.86
Net increase of customer lendings
and advances
Net increase of funds deposited in the
central bank and amount due from
banks
Cash for paying claims of the original
insurance contracts
Cash for paying interest, handling
charges and commissions
20
Report for the Third Quarter of 2013 of HaiNan Pearl River Holdings Co., Ltd.
Cash for paying policy dividends
Cash paid to and for employees 90,916,572.94 78,753,886.41
Various taxes paid 16,193,706.56 18,782,038.75
Other cash payment relating to
76,165,461.24 73,666,224.43
operating activities
Subtotal of cash outflows from
246,502,867.65 222,707,223.45
operating activities
Net cash flows from operating activities -64,788,775.13 -70,155,511.08
II. Cash flows from investing activities:
Cash received from withdrawal of
35,000,000.00 44,400,000.00
investments
Cash received from return on
3,064,013.00
investments
Net cash received from disposal of
fixed assets, intangible assets and other 629,757.00 21,515,827.27
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
5,647,661.11 8,718,575.65
investing activities
Subtotal of cash inflows from
44,341,431.11 74,634,402.92
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 16,435,653.66 84,323,600.71
assets
Cash paid for investment 33,000,000.00 55,000,000.00
Net increase of pledged loans
Net cash paid to acquire subsidiaries
and other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from
49,435,653.66 139,323,600.71
investing activities
Net cash flows from investing activities -5,094,222.55 -64,689,197.79
III. Cash Flows from Financing
Activities:
Cash received from capital
2,100,000.00
contributions
21
Report for the Third Quarter of 2013 of HaiNan Pearl River Holdings Co., Ltd.
Including: Cash received from
minority shareholder investments by 2,100,000.00 0.00
subsidiaries
Cash received from borrowings 379,000,000.00 602,400,000.00
Cash received from issuance of
bonds
Other cash received relating to
1,300,000.00
financing activities
Subtotal of cash inflows from financing
382,400,000.00 602,400,000.00
activities
Repayment of borrowings 262,000,000.00 303,900,000.00
Cash paid for interest expenses and
40,650,248.94 40,662,348.75
distribution of dividends or profit
Including: dividends or profit paid
by subsidiaries to minority shareholders
Other cash payments relating to
16,841,771.15 25,159,100.00
financing activities
Sub-total of cash outflows from
319,492,020.09 369,721,448.75
financing activities
Net cash flows from financing activities 62,907,979.91 232,678,551.25
IV. Effect of foreign exchange rate
changes on cash and cash equivalents
V. Net increase in cash and cash
-6,975,017.77 97,833,842.38
equivalents
Add: Opening balance of cash and
65,762,871.33 52,507,843.73
cash equivalents
VI. Closing balance of cash and cash
58,787,853.56 150,341,686.11
equivalents
Legal representative: Zheng Qing Person-in-charge of the accounting work: Chen Binglian
Chief of the accounting division: Yang Daoliang
8. Cash flow statement of the Company for Jan.-Sept. 2013
Prepared by HaiNan Pearl River Holdings Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2013 Jan.-Sept. 2012
I. Cash flows from operating activities:
22
Report for the Third Quarter of 2013 of HaiNan Pearl River Holdings Co., Ltd.
Cash received from sale of
885,215.20 0.00
commodities and rendering of service
Tax refunds received
Other cash received relating to
57,930,297.95 6,676,569.64
operating activities
Subtotal of cash inflows from operating
58,815,513.15 6,676,569.64
activities
Cash paid for goods and services
Cash paid to and for employees 4,332,624.69 3,690,573.44
Various taxes paid 865,562.55 394,820.10
Other cash payment relating to
17,887,380.95 113,562,093.74
operating activities
Subtotal of cash outflows from
23,085,568.19 117,647,487.28
operating activities
Net cash flows from operating activities 35,729,944.96 -110,970,917.64
II. Cash flows from investing activities:
Cash received from retraction of
35,000,000.00 45,400,000.00
investments
Cash received from return on
3,064,013.00
investments
Net cash received from disposal of
fixed assets, intangible assets and other 20,932,029.27
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
5,647,661.11 8,718,575.65
investing activities
Subtotal of cash inflows from
43,711,674.11 75,050,604.92
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 277,435.00 94,496.00
assets
Cash paid for investment 103,329,500.00 153,100,000.00
Net cash paid to acquire subsidiaries
and other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from 103,606,935.00 153,194,496.00
23
Report for the Third Quarter of 2013 of HaiNan Pearl River Holdings Co., Ltd.
investing activities
Net cash flows from investing activities -59,895,260.89 -78,143,891.08
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Cash received from borrowings 322,000,000.00 488,300,000.00
Cash received from issuance of
bonds
Other cash received relating to
financing activities
Subtotal of cash inflows from financing
322,000,000.00 488,300,000.00
activities
Repayment of borrowings 250,000,000.00 246,300,000.00
Cash paid for interest expenses and
30,607,788.83 28,250,655.26
distribution of dividends or profit
Other cash payments relating to
12,641,771.15 21,659,100.00
financing activities
Sub-total of cash outflows from
293,249,559.98 296,209,755.26
financing activities
Net cash flows from financing activities 28,750,440.02 192,090,244.74
IV. Effect of foreign exchange rate
changes on cash and cash equivalents
V. Net increase in cash and cash
4,585,124.09 2,975,436.02
equivalents
Add: Opening balance of cash and
2,641,297.45 515,955.59
cash equivalents
VI. Closing balance of cash and cash
7,226,421.54 3,491,391.61
equivalents
Legal representative: Zheng Qing Person-in-charge of the accounting work: Chen Binglian
Chief of the accounting division: Yang Daoliang
II. Audit report
Is this report audited?
□ Yes √ No
This report is not audited.
24