Abstract of the Report for the Third Quarter of 2014 of HaiNan Pearl River Holdings Co., Ltd.
Stock Code: 000505, 200505 Stock Abbr.: ZJKG, ZJB
Announcement No.:2014-061
HaiNan Pearl River Holdings Co., Ltd.
Abstract of the Report for the Third Quarter of 2014
Section I. Important Reminders
The Board of Directors, the Supervisory Committee, directors, supervisors and senior management staff of
HaiNan Pearl River Holdings Co., Ltd. (hereinafter referred to as “the Company”) warrant that the information
carried in 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 have attended the board session for reviewing this report.
Zheng Qing, company principal, and Yang Daoliang, chief of the accounting work and chief of the accounting
organ (chief of accounting), hereby confirm that the Financial Report enclosed in this report is 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.
1
Abstract of the Report for the Third Quarter of 2014 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
30 Sept. 2014 31 Dec. 2013 Increase/decrease (%)
Total assets (RMB Yuan) 1,451,587,923.06 1,237,713,804.04 17.28%
Net assets attributable to
shareholders of the Company 454,106.65 116,714,215.59 -99.61%
(RMB Yuan)
YoY YoY
Jul.-Sept. 2014 increase/decrease Jan.-Sept. 2014 increase/decrease
(%) (%)
Operating revenues (RMB
46,972,357.01 -0.49% 171,656,857.80 11.16%
Yuan)
Net profit attributable to
shareholders of the Company -41,996,808.97 -23.52% -118,846,568.80 -20.71%
(RMB Yuan)
Net profit attributable to
shareholders of the Company
-41,987,341.33 2.55% -119,966,445.60 -3.45%
after extraordinary gains and
losses (RMB Yuan)
Net cash flows from
operating activities (RMB -- -- -177,516,941.84 -173.99%
Yuan)
Basic EPS (RMB Yuan/share) -0.10 -25.00% -0.28 -21.74%
Diluted EPS (RMB
-0.10 -25.00% -0.28 -21.74%
Yuan/share)
Weighted average ROE (%) -268.02% -244.20% -202.86% -150.89%
Items and amounts of extraordinary gains and losses
√Applicable □Inapplicable
Unit: RMB Yuan
Amount as of Jan.-Sept.
Item Note
2014
Gains/losses on the disposal of non-current assets
(including the offset part of asset impairment -311,850.01
provisions)
Capital occupation charges on non-financial enterprises
951,854.08
that recorded into current gains and losses
Gain/loss on debt restructuring 0.00
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Abstract of the Report for the Third Quarter of 2014 of HaiNan Pearl River Holdings Co., Ltd.
Gains and losses on change in fair value from tradable
financial assets and tradable financial liabilities, as well
as investment income from disposal of tradable financial
0.00
assets and tradable financial liabilities and financial
assets available for sales, except for effective hedging
related with normal businesses of the Company
Non-operating incomes and expenses other than the
-453,088.45
above
Other gain/loss items that meet the definition of an
930,000.00
extraordinary gain/loss
Less: Income tax effects -1,996.20
Minority interests effects (after tax) -964.98
Total 1,119,876.80 --
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
There was no such situation of the Company during the reporting period.
II. Total number of shareholders and shareholdings of the top ten shareholders
at the period-end
1. Total number of common shareholders and shareholdings of the top ten common
shareholders at the period-end
Unit: share
Total number of common
36,249
shareholders at the period-end
Shareholdings of the top ten common shareholders
Number of Pledged or frozen shares
Name of Nature of Shareholding Number of the
restricted Status of Number of
shareholder shareholder percentage (%) shares held
shares held shares shares
Beijing Wanfa State-owned 26.36% 112,479,478
LI LEON Foreign 1.01% 4,323,806
Xu Zhen Domestic 0.53% 2,250,000
Zhang Xiaoxia Domestic 0.46% 1,949,250
Hu Zhengxiu Domestic 0.43% 1,845,400
Chen Mingwei Domestic 0.43% 1,827,900
Liu Min Domestic 0.36% 1,551,300
Luo Xiaoming Foreign 0.35% 1,502,890
Guangzhou An Domestic 0.35% 1,488,300
Li HongComputin non-state-own 0.33% 1,400,500
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Abstract of the Report for the Third Quarter of 2014 of HaiNan Pearl River Holdings Co., Ltd.
Shareholdings of the top ten non-restricted common shareholders
Number of non-restricted common shares held Type of shares
Name of shareholder
at the period-end Type Number
Beijing Wanfa Real Estate RMB ordinary
112,479,478 112,479,478
Development Co., Ltd. share
Domestically
LI LEON ZHAN WEI 4,323,806 listed foreign 4,323,806
share
RMB ordinary
Xu Zhen 2,250,000 2,250,000
share
Domestically
Zhang Xiaoxia 1,949,250 listed foreign 1,949,250
share
RMB ordinary
Hu Zhengxiu 1,845,400 1,845,400
share
Domestically
Chen Mingwei 1,827,900 listed foreign 1,827,900
share
RMB ordinary
Liu Min 1,551,300 1,551,300
share
RMB ordinary
Luo Xiaoming 1,502,890 1,502,890
share
Guangzhou Anyang Computin RMB ordinary
1,488,300 1,488,300
g Network Technology Co., L share
RMB ordinary
Li Hong 1,400,500 1,400,500
share
Among shareholders above, there exists no related-party relationship between
the principal shareholder and other shareholders of the Company. Nor they are
Explanation on associated
parties with concerted action as prescribed in the Information Disclosure
relationship or persons acting in
Administrative Methods for Changes in Shareholding of Shareholders of
concert among the
Listed Companies. And it is unknown whether there is related-party
above-mentioned shareholders
relationship among other shareholders and whether they are prescribed parties
with concerted action.
Did any of the top 10 common shareholders or the top 10 non-restricted common shareholders of
the Company carry out any agreed buy-back in the reporting period?
□ Yes √ No
No shareholder of the Company carried out any agreed buy-back in the reporting period.
2. Total number of preferred share holders and shareholdings of the top ten preferred share
holders at the period-end
□ Applicable √ Inapplicable
4
Abstract of the Report for the Third Quarter of 2014 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
√ Applicable □ Inapplicable
I. Items in the balance sheet
Increase/decrease Main reason for the
Item 30 Sept. 2014 31 Dec. 2013
(%) change
The prepayment by
subsidiary
Mudanjiang Pearl
River Wanjia Travel
Investment and
Development Group
Co., Ltd. for
construction of the
167,600,945.34 91,018,812.99 84.14% Snow Village and the
prepayment by
subsidiary Hubei
Pearl River Real
Estate Development
Co., Ltd. for the
Meilin Phase III
construction
Prepayments increased.
Dividends The bonuses from
1,190,015.00 260,015.00 357.67%
receivable Southwest Securities
The development
costs of the Meilin
Phase III Project of
292,718,620.97 118,546,684.93 146.92% subsidiary Hubei
Pearl River Real
Estate Development
Inventories Co., Ltd. increased.
The interest on the
borrowings of the
Company and a
sub-subsidiary—a
133,009,632.50 101,140,724.11 31.51%
Shanghai-based real
estate company under
Interest Hai Nan Pearl River
payable Enterprises Holdings
5
Abstract of the Report for the Third Quarter of 2014 of HaiNan Pearl River Holdings Co., Ltd.
Co., Ltd.—increased.
Borrowings from
Other 736,997,412.76 555,911,820.21 32.57% other enterprises
payables increased.
Subsidiary
Mudanjiang Pearl
River Wanjia Travel
Investment and
Development Group
Co., Ltd. borrowed
from the Mudanjiang
Taiping Road
sub-branch of the
224,418,277.69 129,000,000.00 73.97% Industrial and
Commercial Bank of
China, and the
Company secured an
entrustment loan from
Guotai Yuanxin AMC
via the Wuhan
Huaqiao sub-branch
Long-term of China Merchants
borrowings Bank.
The minority
shareholders and the
registered capital of
17,770,252.87 11,253,753.74 57.91% subsidiary Hubei
Pearl River Real
Minority Estate Development
interests Co., Ltd. increased.
II. Items in the income statement and the cash flow statement
Increase/decrease Main reason for
Item Jan.-Sept. 2014 Jan.-Sept. 2013
(%) the change
The sales
personnel of
subsidiary
Mudanjiang
3,275,897.05 6,219,275.46 -47.33% Pearl River
Wanjia Travel
Investment and
Development
Selling expenses Group Co., Ltd.
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Abstract of the Report for the Third Quarter of 2014 of HaiNan Pearl River Holdings Co., Ltd.
decreased. So
did the total
salaries.
Some current
-4,520,566.97 -1,475,764.86 -206.32% accounts were
Asset impairment loss received.
The bonuses
from Southwest
494,853.77 2,355,087.76 -78.99%
Securities
Investment gains decreased.
The same period
of last year saw
gains on debt
restructuring
67,584.70 8,892,795.37 -99.24% with the Bank of
Communications
while the current
period saw no
Non-business incomes such gains.
The minority
interests of
subsidiary Hubei
Pearl River Real
Estate
-4,442,699.05 -2,808,509.35 -58.19% Development
Co., Ltd.
increased and it
suffered a loss in
the current
Minority shareholders’ income period.
Development
investment
increased for the
“Meilin
Qingcheng Phase
-177,516,941.84 -64,788,775.13 -173.99% III Project” of
subsidiary Hubei
Pearl River Real
Estate
Net cash flows from operating Development
activities Co., Ltd.
The construction
Net cash flows from investing -56,400,900.79 -5,094,222.55 -1007.15% input to the
activities Snow Village of
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Abstract of the Report for the Third Quarter of 2014 of HaiNan Pearl River Holdings Co., Ltd.
subsidiary
Mudanjiang
Pearl River
Wanjia Travel
Investment and
Development
Group Co., Ltd.
increased.
Repaid
borrowings
235,003,642.10 62,907,979.91 273.57%
Net cash flows from financing decreased in the
activities current period.
II. Progress and influence of significant events, as well as the analysis and
explanation on solutions
√ Applicable □ Inapplicable
For details, please refer to related announcements.
Index to the relevant announcement
Overview of the significant event Date of disclosure
disclosed on the website
The Company borrowed RMB 250
million from Chongqing International
Trust Co.,Ltd. (“Chongqing Trust”
for short), which expired on 28 Sep.
China Securities Journal, Ta Kung
2014; the Company shall return RMB 10 Oct. 2014
Pao, www.cninfo.com.cn,
196,805,306.92 to Chongqing Trust.,
after negotiation, Chongqing Trust
agreed with the Company rolling
over the above loan for 1 year.
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 2014 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
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Abstract of the Report for the Third Quarter of 2014 of HaiNan Pearl River Holdings Co., Ltd.
V. Securities investment
□Applicable √Inapplicable
The Company did not invest in any securities in the reporting period.
Shareholdings in other listed companies
√Applicable □Inapplicable
Unit:(RMB Yuan)
Changes in
Gain/loss owners’
Number Stake in
Stock Initial Closing book in the equity in
Stock abbr. of shares the
code investment value reporting the
held investee
period reporting
period
RMB 150 3,545,625.0
600369 XNZQ million 7,750,000 0.27% 81,685,000.00 0
RMB 150 3,545,625.0
Total million 7,750,000 0.27% 81,685,000.00 0
VI. Investments in derivatives
□Applicable √Inapplicable
The Company did not invest in any derivative in the reporting period.
VII. Researches, visits and interviews received in the reporting period
√Applicable □Inapplicable
Main discussion and
Time Place Way of reception Visitor type Visitor materials provided by
the Company
Asked about the
operation of all projects
Securities Individual in the Company and
22 Sep. 2014 By phone Individual
Department investor replied to the contents
of the Company’s
announcement
Securities Individual The Company’s
12 Sep. 2014 By phone Individual
Department investor business performance
Asked about the
Securities Individual number of the
3 Sep. 2014 By phone Individual
Department investor shareholder of the
Company
Securities Individual Asked about the
4 Jul. 2014 By phone Individual
Department investor suspension of the
9
Abstract of the Report for the Third Quarter of 2014 of HaiNan Pearl River Holdings Co., Ltd.
Company’s shares and
replied to the contents
of the Company’s
announcement
Asked about the
progress of all projects
Securities Individual in the Company and
12 Sep. 2014 By phone Individual
Department investor replied to the contents
of the Company’s
announcement
The Company’s
business performance
Securities Individual and replied to the
28 Aug. 2014 By phone Individual
Department investor contents of the
Company’s
announcement
VIII. Influence of the newly published or revised accounting standards to the
Company’s consolidated financial statement.
□Applicable √Inapplicable
10
Abstract of the Report for the Third Quarter of 2014 of HaiNan Pearl River Holdings Co., Ltd.
Hainan Pearl River Holding Company Limited
Consolidated Balance Sheet
30 Sep 2014
Expressed in Renminbi
Items Notes 30-Sep-14 31-Dec-13
Current assets:
Monetary funds V.1 63,448,042.16 62,362,242.69
Financial assets held for trading
Notes receivable
Accounts receivable V.2 12,191,496.14 13,143,175.36
Prepayments V.3 167,600,945.34 91,018,812.99
Interest receivable
Dividend receivable V.4 1,190,015.00 260,015.00
Other receivables V.5 271,204,575.93 287,625,206.34
Inventories V.6 292,718,620.97 118,546,684.93
Non-current asset due within 1 year
Other current assets 2,000,000.00
Total current assets 810,353,695.54 572,956,137.31
Non-current assets:
Available-for-sale financial assets V.7 81,685,000.00 76,957,500.00
Held-to-maturity securities
Long-term receivables
Long-term equity investments V.9 47,693,182.40 48,179,838.13
Investment real estates V.10 22,888,338.86 23,984,418.97
Fixed assets V.11 430,158,526.42 452,747,443.22
Construction in progress V.12 10,244,104.09 10,188,964.09
Engineering material V.13 606,206.60 606,206.60
Disposal of fixed assets
Bearer biological assets
Oil and gas assets
Intangible assets V.14 30,917,181.51 31,185,913.86
Expense on research and development
Goodwill
Long-term prepayments V.15 17,041,687.64 20,907,381.86
Deferred income tax assets
Other non-current asset
Total non-current assets 641,234,227.52 664,757,666.73
Total assets 1,451,587,923.06 1,237,713,804.04
Corporate representative:Zheng Qing Chief Accountant:Yang Daoliang Accounting Supervisor: Yang Daoliang
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Abstract of the Report for the Third Quarter of 2014 of HaiNan Pearl River Holdings Co., Ltd.
Hainan Pearl River Holding Company Limited
Consolidated Balance Sheet
30 Sep 2014
Expressed in Renminbi
Items Notes 30-Sep-14 31-Dec-13
Current liabilities:
Short-term loans
Financial liabilities held for trading
Notes payable
Accounts payable V.19 35,493,645.57 34,758,922.28
Accounts received in advance V.20 24,833,562.73 23,843,858.07
Accrued payroll V.21 9,774,172.82 10,764,089.33
Taxes payable V.22 7,457,467.27 8,600,877.07
Interest payable V.23 133,009,632.50 101,140,724.11
Dividend payable V.24 3,213,302.88 3,213,302.88
Other payables V.25 736,997,412.76 555,911,820.21
Non-current liabilities due within 1 year V.26 242,471,973.56 228,000,000.00
Other current liabilities
Total current liabilities 1,193,251,170.09 966,233,593.95
Non-current liabilities:
Long-term borrowings V.27 224,418,277.69 129,000,000.00
Bonds payable
Long-term payables
Special payables
Accrued liabilities
Deferred income tax liabilities V.16 15,694,115.76 14,512,240.76
Other non-current liabilities
Total non-current liabilities 240,112,393.45 143,512,240.76
Total liabilities 1,433,363,563.54 1,109,745,834.71
Owner's equity:
Share capital V.28 426,745,404.00 426,745,404.00
Capital surplus V.29 334,260,190.02 334,260,156.98
Less:treasury stock
Surplus reserves V.30 109,487,064.39 109,487,064.39
Other comprehensive income 56,830,720.63 53,285,095.63
Undistributed profits V.31 -926,869,272.39 -807,063,505.41
Total owner's equity attributable to parent company 454,106.65 116,714,215.59
Minority interests 17,770,252.87 11,253,753.74
Total owner's equity 18,224,359.52 127,967,969.33
Total liabilities and owner's equity 1,451,587,923.06 1,237,713,804.04
Corporate representative:Zheng Qing Chief Accountant:Yang Daoliang Accounting Supervisor: Yang Daoliang
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Abstract of the Report for the Third Quarter of 2014 of HaiNan Pearl River Holdings Co., Ltd.
Hainan Pearl River Holding Company Limited
Balance Sheet
30 Sep 2014
Expressed in Renminbi
Items Notes 30-Sep-14 31-Dec-13
Current assets:
Monetary funds 78,248.83 1,650,620.37
Financial assets held for trading
Notes receivable
Accounts receivable XI.1 3,177,070.48 2,437,957.05
Prepayments 50,240,000.00 50,000,000.00
Interest receivable
Dividend receivable 1,190,015.00 260,015.00
Other receivables XI.2 601,116,693.62 599,990,581.53
Inventories 4,824,035.45 4,824,035.45
Non-current asset due within 1 year
Other current assets
Total current assets 660,626,063.38 659,163,209.40
Non-current assets:
Available-for-sale financial assets 81,685,000.00 76,957,500.00
Held-to-maturity securities
Long-term receivables
Long-term equity investments XI.3 298,475,626.76 298,915,199.18
Investment real estates 7,064,149.88 7,290,977.33
Fixed assets 14,984,140.18 16,056,715.04
Construction in progress
Engineering material
Disposal of fixed assets
Bearer biological assets
Oil and gas assets
Intangible assets 1,469,629.23 1,505,376.96
Expense on research and development
Goodwill
Long-term prepayments 923,562.08 9,127,521.96
Deferred income tax assets
Other non-current asset
Total non-current assets 404,602,108.13 409,853,290.47
Total assets 1,065,228,171.51 1,069,016,499.87
Corporate representative:Zheng Qing Chief Accountant:Yang Daoliang Accounting Supervisor: Yang Daoliang
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Abstract of the Report for the Third Quarter of 2014 of HaiNan Pearl River Holdings Co., Ltd.
Hainan Pearl River Holding Company Limited
Balance Sheet
30 Sep 2014
Expressed in Renminbi
Items Notes 30-Sep-14 31-Dec-13
Current liabilities:
Short-term loans
Financial liabilities held for trading
Notes payable
Accounts payable 2,482,949.70 2,482,949.70
Accounts received in advance 165,770.30 61,875.00
Accrued payroll 833,488.96 781,412.78
Taxes payable 7,119,233.38 6,966,593.30
Interest payable 83,780,236.64 61,988,940.20
Dividend payable 3,213,302.88 3,213,302.88
Other payables 395,024,797.15 403,455,124.29
Non-current liabilities due within 1 year 196,805,306.92 197,000,000.00
Other current liabilities
Total current liabilities 689,425,085.93 675,950,198.15
Non-current liabilities:
Long-term borrowings 30,001,611.00
Bonds payable
Long-term payables
Special payables
Accrued liabilities
Deferred income tax liabilities 14,957,500.00 13,775,625.00
Other non-current liabilities
Total non-current liabilities 44,959,111.00 13,775,625.00
Total liabilities 734,384,196.93 689,725,823.15
Owner's equity:
Share capital 426,745,404.00 426,745,404.00
Capital surplus 337,276,529.56 337,276,496.52
Other comprehensive income 56,830,720.63 53,285,095.63
Surplus reserves 109,487,064.39 109,487,064.39
Undistributed profits -599,495,744.00 -547,503,383.82
Total owner's equity 330,843,974.58 379,290,676.72
Total liabilities and owner's equity 1,065,228,171.51 1,069,016,499.87
Corporate representative:Zheng Qing Chief Accountant:Yang Daoliang Accounting Supervisor: Yang Daoliang
14
Abstract of the Report for the Third Quarter of 2014 of HaiNan Pearl River Holdings Co., Ltd.
Hainan Pearl River Holding Company Limited
Consolidated Income Statement
Year ended 30 September 2014
Expressed in Renminbi
Items Notes Jul.-Sep. 2014 Jul.-Sep. 2013
I.Total operating income 46,972,357.01 47,202,742.92
Including：operating income V.32 46,972,357.01 47,202,742.92
II.Total operating cost 90,001,936.72 91,267,715.61
Including：operating cost V.32 41,230,238.81 39,178,126.18
Operating taxes and extras V.33 2,719,104.56 3,259,795.48
Sales expenses V.34 852,944.57 1,612,330.26
General and administrative expenses V.35 22,396,268.46 23,184,600.41
Financial expenses V.36 24,976,938.18 24,473,683.01
Loss of devaluation of assets V.38 -2,173,557.86 -440,819.73
Add:Changing income of fair value
Investment income V.37 101,504.43 -201,429.17
Including: investment income on affiliated company and joint
148,587.74
venture
III.Operating profit -42,928,075.28 -44,266,401.86
Add: Non-operating income V.39 -3,763.51 8,819,519.77
Less: Non-operating expenses V.40 328,712.23 4,119.85
Including: disposal loss of non-current asset 3,193.42
IV.Total profit -43,260,551.02 -35,451,001.94
Less: income tax V.41 248.51 33,134.28
V.Net profit -43,260,799.53 -35,484,136.22
Net profit attributable to parent company's owner -41,996,808.97 -34,001,104.90
Profit and loss of minority interests -1,263,990.56 -1,483,031.32
VI.Other comprehensive income V.43 11,566,875.00 31,023,131.63
Items that will not be reclassified subsequently to profit or loss:
Items that may be reclassified subsequently to profit or loss: 11,566,875.00 31,023,131.63
i.Available for sale financial assets 11,566,875.00 31,023,131.63
VII.Total comprehensive income -31,693,924.53 -4,461,004.59
Including: Total comprehensive income attributed to the owners of
-30,429,933.97 -2,977,973.27
parent company
Total comprehensive income attributed to miniority interests -1,263,990.56 -1,483,031.32
VIII.Earnings per share
i.Basic earnings per share V.42 -0.10 -0.08
ii.Diluted earnings per share V.42 -0.10 -0.08
Corporate representative:Zheng Qing Chief Accountant:Yang Daoliang Accounting Supervisor: Yang Daoliang
15
Abstract of the Report for the Third Quarter of 2014 of HaiNan Pearl River Holdings Co., Ltd.
Hainan Pearl River Holding Company Limited
Income Statement
Year ended 30 September 2014
Expressed in Renminbi
Items Notes Jul.-Sep. 2014 Jul.-Sep. 2013
I.Total operating income XI.4 256,035.63 290,872.20
Less:Operating costs XI.4 88,898.40 88,898.40
Operating taxes and extras 10,978.01 16,288.84
Sales expenses
General and administrative expenses 2,921,519.16 5,385,677.19
Financial expenses 15,406,762.60 16,490,490.12
Loss of devaluation of assets 11,671.80 -431,920.19
Add:Changing income of fair value
Investment income XI.5 -92,929.94 -170,780.17
Including: investment income on affiliated company and joint venture
II.Operating profit -18,276,724.28 -21,429,342.33
Add: Non-operating income 8,644,350.59
Less: Non-operating expenses 846.74 523.93
Including: disposal loss of non-current asset
III.Total profit -18,277,571.02 -12,785,515.67
Less: income tax
IV.Net profit -18,277,571.02 -12,785,515.67
V.Other comprehensive income 11,566,875.00 31,023,131.63
Items that will not be reclassified subsequently to profit or loss:
Items that may be reclassified subsequently to profit or loss: 11,566,875.00 31,023,131.63
i.Available for sale financial assets 11,566,875.00 31,023,131.63
VI.Totalcomprehensive income -6,710,696.02 18,237,615.96
VII.Earnings per share
i.Basic earnings per share
ii.Diluted earnings per share
Corporate representative:Zheng Qing Chief Accountant:Yang Daoliang Accounting Supervisor: Yang Daoliang
16
Abstract of the Report for the Third Quarter of 2014 of HaiNan Pearl River Holdings Co., Ltd.
Hainan Pearl River Holding Company Limited
Consolidated Income Statement
Year ended 30 September 2014
Expressed in Renminbi
Items Notes Jan.-Sep. 2014 Jan.-Sep. 2013
I.Total operating income 171,656,857.80 154,425,764.05
Including：operating income V.32 171,656,857.80 154,425,764.05
II.Total operating cost 294,539,856.73 266,654,230.88
Including：operating cost V.32 132,986,396.81 117,018,038.63
Operating taxes and extras V.33 10,024,253.71 9,620,082.67
Sales expenses V.34 3,275,897.05 6,219,275.46
General and administrative expenses V.35 76,954,289.37 69,925,679.95
Financial expenses V.36 75,819,586.76 65,346,919.03
Loss of devaluation of assets V.38 -4,520,566.97 -1,475,764.86
Add:Changing income of fair value
Investment income V.37 494,853.77 2,355,087.76
Including: investment income on affiliated company and joint venture -439,572.42 -708,925.24
III.Operating profit -122,388,145.16 -109,873,379.07
Add: Non-operating income V.39 67,584.70 8,892,795.37
Less: Non-operating expenses V.40 832,523.16 75,427.15
Including: disposal loss of non-current asset 2,311.83 18,727.23
IV.Total profit -123,153,083.62 -101,056,010.85
Less: income tax V.41 136,184.23 208,612.05
V.Net profit -123,289,267.85 -101,264,622.90
Net profit attributable to parent company's owner -118,846,568.80 -98,456,113.55
Profit and loss of minority interests -4,442,699.05 -2,808,509.35
VI.Other comprehensive income V.43 3,545,625.00 2,068,208.78
Items that will not be reclassified subsequently to profit or loss:
Items that may be reclassified subsequently to profit or loss: 3,545,625.00 2,068,208.78
i.Available for sale financial assets 3,545,625.00 2,068,208.78
VII.Total comprehensive income -119,743,642.85 -99,196,414.12
Including: Total comprehensive income attributed to the owners of parent
-115,300,943.80 -96,387,904.77
company
Total comprehensive income attributed to miniority interests -4,442,699.05 -2,808,509.35
VIII.Earnings per share
i.Basic earnings per share V.42 -0.28 -0.23
ii.Diluted earnings per share V.42 -0.28 -0.23
Corporate representative:Zheng Qing Chief Accountant:Yang Daoliang Accounting Supervisor: Yang Daoliang
17
Abstract of the Report for the Third Quarter of 2014 of HaiNan Pearl River Holdings Co., Ltd.
Hainan Pearl River Holding Company Limited
Income Statement
Year ended 30 September 2014
Expressed in Renminbi
Items Notes Jan.-Sep. 2014 Jan.-Sep. 2013
I.Total operating income XI.4 764,493.39 872,616.60
Less:Operating costs XI.4 266,695.20 266,695.20
Operating taxes and extras 32,731.67 48,866.52
Sales expenses
General and administrative expenses 12,262,413.57 16,407,806.60
Financial expenses 46,476,199.37 46,074,535.80
Loss of devaluation of assets -5,792,278.88 -10,660,882.71
Add:Changing income of fair value
Investment income XI.5 490,427.58 2,392,715.76
Including: investment income on affiliated company and joint venture -439,572.42 -671,297.24
II.Operating profit -51,990,839.96 -48,871,689.05
Add: Non-operating income 8,644,350.78
Less: Non-operating expenses 1,520.22 6,790.16
Including: disposal loss of non-current asset
III.Total profit -51,992,360.18 -40,234,128.43
Less: income tax
IV.Net profit -51,992,360.18 -40,234,128.43
V.Other comprehensive income 3,545,625.00 2,068,208.78
Items that will not be reclassified subsequently to profit or loss:
Items that may be reclassified subsequently to profit or loss: 3,545,625.00 2,068,208.78
i.Available for sale financial assets 3,545,625.00 2,068,208.78
VI.Totalcomprehensive income -48,446,735.18 -38,165,919.65
VII.Earnings per share
i.Basic earnings per share
ii.Diluted earnings per share
Corporate representative:Zheng Qing Chief Accountant:Yang Daoliang Accounting Supervisor: Yang Daoliang
18
Abstract of the Report for the Third Quarter of 2014 of HaiNan Pearl River Holdings Co., Ltd.
Hainan Pearl River Holding Company Limited
Consolidated Cash Flow Statement
Year ended 30 September 2014
Expressed in Renminbi
Items Notes Jan.-Sep. 2014 Jan.-Sep. 2013
I.Cash flows from operating activities:
Cash received from sales of goods or rendering of services 168,677,691.27 150,363,104.72
Refunds of taxes
Cash received relating to other operating activities V.44(1) 46,522,309.71 31,350,987.80
Subtotal of cash inflows 215,200,000.98 181,714,092.52
Cash paid for goods and services 216,093,878.66 63,227,126.91
Cash paid to and on behalf of employees 110,506,572.34 90,916,572.94
Payments of all types of taxes 14,998,983.36 16,193,706.56
Cash paid relating to other operating activities V.44(2) 51,117,508.46 76,165,461.24
Subtotal of cash outflows 392,716,942.82 246,502,867.65
Net cash flows from operating activities V.45(1) -177,516,941.84 -64,788,775.13
II.Cash flows from investing activities:
Cash received from return of investments 36,060,000.00 35,000,000.00
Cash received from return on investments 37,638.27 3,064,013.00
Net cash received from the sale of fixed assets, intangible assets and other
long-term assets 1,431,297.50 629,757.00
Net cash received from selling subsidiary company and joint venture
Cash received relating to other investing activities V.44(3) 13,871.23 5,647,661.11
Subtotal of cash inflows 37,542,807.00 44,341,431.11
Cash paid to acquire fixed assets, intangible assets and other long-term assets 74,743,707.79 16,435,653.66
Cash paid to acquire investments 8,000,000.00 33,000,000.00
Net cash paid to purchase subsidiary company and joint venture
Cash paid relating to other investing activities 11,200,000.00
Subtotal of cash outflows 93,943,707.79 49,435,653.66
Net cash flows from investing activities -56,400,900.79 -5,094,222.55
III.Cash flows from financing activities:
Cash received from investments by others 10,000,000.00 2,100,000.00
Cash received from borrowings 360,251,611.00 379,000,000.00
Cash received relating to other financing activities 1,300,000.00
Subtotal of cash inflows 370,251,611.00 382,400,000.00
Cash repayments of amounts borrowed 81,561,359.75 262,000,000.00
Cash paid for distribution of dividends or profits and for interest expenses 27,395,486.41 40,650,248.94
Cash paid relating to other financing activities V.44(4) 26,291,122.74 16,841,771.15
Subtotal of cash outflows 135,247,968.90 319,492,020.09
Net cash flows from financing activities 235,003,642.10 62,907,979.91
IV.Effect of foreign exchange rate changes on cash
V.Net increase in cash and cash equivalents 1,085,799.47 -6,975,017.77
Add:balance of cash and cash equivalents at the beginning of the year 62,362,242.69 65,762,871.33
VI.Balance of cash and cash equivalents at the end of the year 63,448,042.16 58,787,853.56
Corporate representative:Zheng Qing Chief Accountant:Yang Daoliang Accounting Supervisor: Yang Daoliang
19
Abstract of the Report for the Third Quarter of 2014 of HaiNan Pearl River Holdings Co., Ltd.
Hainan Pearl River Holding Company Limited
Cash Flow Statement
Year ended 30 September 2014
Expressed in Renminbi
Items Notes Jan.-Sep. 2014 Jan.-Sep. 2013
I.Cash flows from operating activities:
Cash received from sales of goods or rendering of services
1,072,726.00 885,215.20
Refunds of taxes
Cash received relating to other operating activities
9,706,686.76 57,930,297.95
Subtotal of cash inflows 10,779,412.76 58,815,513.15
Cash paid for goods and services
Cash paid to and on behalf of employees
3,664,015.28 4,332,624.69
Payments of all types of taxes 586,046.67 865,562.55
Cash paid relating to other operating activities 44,209,303.65 17,887,380.95
Subtotal of cash outflows 48,459,365.60 23,085,568.19
Net cash flows from operating activities XI.6 -37,679,952.84 35,729,944.96
II.Cash flows from investing activities:
Cash received from return of investments 36,060,000.00 35,000,000.00
Cash received from return on investments 3,064,013.00
Net cash received from the sale of fixed assets, intangible assets and other
long-term assets
Net cash received from selling subsidiary company and joint venture
Cash received relating to other investing activities
5,647,661.11
Subtotal of cash inflows 36,060,000.00 43,711,674.11
Cash paid to acquire fixed assets, intangible assets and other long-term assets 6,560.00 277,435.00
Cash paid to acquire investments 29,500,000.00 103,329,500.00
Net cash paid to purchase subsidiary company and joint venture
Cash paid relating to other investing activities
Subtotal of cash outflows 29,506,560.00 103,606,935.00
Net cash flows from investing activities 6,553,440.00 -59,895,260.89
III.Cash flows from financing activities:
Cash received from investments by others
Cash received from borrowings 65,401,611.00 322,000,000.00
Cash received relating to other financing activities
Subtotal of cash inflows 65,401,611.00 322,000,000.00
Cash repayments of amounts borrowed
17,194,693.08 250,000,000.00
Cash paid for distribution of dividends or profits and for interest expenses 11,956,273.88 30,607,788.83
Cash paid relating to other financing activities 6,696,502.74 12,641,771.15
Subtotal of cash outflows 35,847,469.70 293,249,559.98
Net cash flows from financing activities 29,554,141.30 28,750,440.02
IV.Effect of foreign exchange rate changes on cash
V.Net increase in cash and cash equivalents
-1,572,371.54 4,585,124.09
Add:balance of cash and cash equivalents at the beginning of the year 1,650,620.37 2,641,297.45
VI.Balance of cash and cash equivalents at the end of the year 78,248.83 7,226,421.54
Corporate representative:Zheng Qing Chief Accountant:Yang Daoliang Accounting Supervisor: Yang Daoliang
20
Abstract of the Report for the Third Quarter of 2014 of HaiNan Pearl River Holdings Co., Ltd.
21