Report for the First Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
HaiNan Pearl River Holdings Co., Ltd.
Report for the First Quarter of 2015
April 2015
1
Report for the First Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
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.
The net assets attributed to the shareholders of the listed company at the
period-end were RMB -39,622,390.20, so the investors should pay attention to
the investment risks.
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.
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Report for the First Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
Section II. Financial Highlights & Changes in Shareholders
I. Main accounting data and financial indicators
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
Jan.-Mar. 2015 Jan.-Mar. 2014 +/- (%)
Operating revenues (RMB Yuan) 78,326,856.68 75,218,398.46 4.13%
Net profit attributable to shareholders of
69,940,735.03 -35,538,513.44 296.80%
the Company (RMB Yuan)
Net profit attributable to shareholders of
the Company after extraordinary gains -55,022,579.89 -35,502,994.82 -54.98%
and losses (RMB Yuan)
Net cash flows from operating activities
-48,534,275.41 -95,995,336.71 49.44%
(RMB Yuan)
Basic EPS (RMB Yuan/share) 0.16 -0.08 300.00%
Diluted EPS (RMB Yuan/share) 0.16 -0.08 300.00%
Weighted average ROE (%) 0.00% -37.83%
31 Mar. 2015 31 Dec. 2014 +/- (%)
Total assets (RMB Yuan) 1,538,255,896.70 1,645,436,644.78 -6.51%
Net assets attributable to shareholders of
-39,622,390.20 15,564,470.40 -354.57%
the Company (RMB Yuan)
Items and amounts of extraordinary gains and losses
√ Applicable □ Inapplicable
Unit: RMB Yuan
Item Jan.-Mar. 2015 Explanation
Gains/losses on the disposal of non-current assets (including
6.53
the offset part of the asset impairment provisions)
Capital occupation charges on non-financial enterprises that are
312,652.80
recorded into current gains and losses
Gains and losses on change in fair value from tradable financial
assets and tradable financial liabilities, as well as investment Disposed the relevant revenues
income from disposal of tradable financial assets and tradable acquired from the
124,342,755.05
financial liabilities and financial assets available for sales Southwest Securities
except for effective hedging related with normal businesses of stock
the Company
Non-operating income and expense other than the above 306,332.10
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Report for the First Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
Less: Income tax effects -1,348.37
Minority interests effects (after tax) -220.07
Total 124,963,314.92 --
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
No such cases in the reporting period.
II. Total number of shareholders at the period-end and shareholdings of top 10 shareholders
1. Total number of common shareholders at the period-end and shareholdings of top 10 common
shareholders
Unit: share
Total number of common
31,569
shareholders at the period-end
Shareholdings of top 10 common shareholders
Number of Pledged or frozen shares
Name of Nature of Shareholding Number of
restricted Number of
shareholder shareholder percentage (%) shares held Status of shares
shares held shares
Beijing Wanfa
Real Estate State-owned
26.36% 112,479,478
Development corporation
Co., Ltd.
LI LEON Foreign
2.19% 9,328,838
ZHAN WEI individual
YAO XIU Foreign
2.05% 8,752,029
GUANG individual
Domestic
Zhang Ruofan 0.48% 2,037,600
individual
Domestic
Chen Shiping 0.47% 2,000,179
individual
Domestic
Zhang Xiaoxia 0.46% 1,949,250
individual
Domestic
Hu Zhengxiu 0.43% 1,845,400
individual
Domestic
Wang Jianjun 0.43% 1,813,900
individual
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Report for the First Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
Foreign
Yao Liyuan 0.40% 1,724,037
individual
Domestic
Chen Mingwei 0.39% 1,681,659
individual
Shareholdings of top 10 non-restricted common shareholders
Variety of shares
Name of shareholder Number of non-restricted common shares held
Variety Number
Beijing Wanfa Real Estate RMB ordinary
112,479,478 112,479,478
Development Co., Ltd. shares
Domestically
LI LEON ZHAN WEI 9,328,838 listed foreign 9,328,838
shares
Domestically
YAO XIU GUANG 8,752,029 listed foreign 8,752,029
shares
RMB ordinary
Zhang Ruofan 2,037,600 2,037,600
shares
RMB ordinary
Chen Shiping 2,000,179 2,000,179
shares
Domestically
Zhang Xiaoxia 1,949,250 listed foreign 1,949,250
shares
RMB ordinary
Hu Zhengxiu 1,845,400 1,845,400
shares
Wang Jianjun 1,813,900 Other 1,813,900
Domestically
Yao Liyuan 1,724,037 listed foreign 1,724,037
shares
Domestically
Chen Mingwei 1,681,659 listed foreign 1,681,659
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 Shareholding of Shareholders of Listed Companies. And it is unknown whether there is
above-mentioned shareholders related-party relationship among other shareholders and whether they are prescribed parties
with concerted action.
Top 10 common shareholders The shareholder, Wang Jianjun held 1,813,900 shares of the Company through the customer
taking part in securities margin credit collateral securities trading account of Nanjing Securities Co., Ltd.
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Report for the First Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
trading (if any)
Did any of the top 10 common shareholders or the top 10 non-restricted common shareholders of the Company conduct any
promissory repo during the reporting period?
□ Yea √ No
No such cases in the reporting period.
2. Total number of preferred shareholders at the period-end and shareholdings of top 10 preferred
shareholders
□ Applicable √ Inapplicable
Section III. Significant Events
I. Significant changes in the major accounting statement items and financial indicators for the
reporting period, as well as the reasons for these changes
√ Applicable □ Inapplicable
Item 31 Mar. 2015 31 Dec. 2014 +/-% Reasons for the change
Monetary funds 136,951,582.15 97,404,192.62 40.60% A subsidiary secured more cash borrowings.
Accounts receivable 17,916,635.34 12,378,292.44 44.74% The hotel subsidiary’s revenues increased.
Subsidiaries acquired bank wealth management
Other current assets 3,000,000.00 0.00 100.00% products.
Available-for-sale financial Shareholdings in Southwest Securities were
assets 11,411,309.90 184,158,809.90 -93.80% disposed.
Subsidiary Hubei Pearl River paid for
Accounts payable 23,730,869.61 58,578,620.48 -59.49% construction.
The tax and fare provision was made for the
disposal of shareholdings in Southwest
Taxes and fares payable 9,146,450.90 4,603,277.48 98.69% Securities.
Subsidiary Hubei Pearl River secured more
Long-term borrowings 505,536,865.85 327,303,532.52 54.46% borrowings.
The relevant deferred income tax liability carried
over to an investment gain due to the disposal of
Deferred income tax liabilities 674,902.10 23,187,756.33 -97.09% shareholdings in Southwest Securities.
The relevant other comprehensive gain carried
over to an investment gain due to the disposal of
Other comprehensive gains 0.00 125,127,595.63 -100.00% shareholdings in Southwest Securities.
Minority interests 1,875,832.65 3,490,581.24 -46.26% Deficits of subsidiaries
Jan.-Mar.
Item Jan.-Mar. 2015 +/-% Reasons for the change
2014
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Report for the First Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
Financial expenses 33,736,503.64 25,549,141.58 32.05% The financing costs increased.
Shareholdings in Southwest Securities were
Investment gains 124,156,283.22 -215,469.56 57721.26% disposed.
The current period recorded profits and the
deductible loss deferred income tax asset
Income tax expenses 15,230,829.05 100.00% recognized last year was reversed.
The relevant other comprehensive gain carried
over to an investment gain due to the disposal of
Other comprehensive gains -125,127,595.63 -9,067,500.00 -1279.96% shareholdings in Southwest Securities.
Subsidiary Hubei Pearl River decreased its
Net cash flows from investment in the “Meilin Qingcheng Phase III
operating activities -48,534,275.41 -95,995,336.71 49.44% Project”.
Net cash flows from
investing activities 125,505,176.42 -18,636,529.55 773.44% Disinvestment in Southwest Securities
Net cash flows from
financing activities -37,423,511.48 163,292,202.00 -122.92% Borrowing repayments increased.
II. Progress of significant events and analysis & explanations on their influence and solutions
□ Applicable √ Inapplicable
III. Commitments made by the Company or any shareholder with a shareholding over 5% in
the reporting period or such commitments made in previous period and carried down into the
reporting period
□ Applicable √ Inapplicable
No such cases in the reporting period.
IV. Predict the operating results of Jan.-Jun. 2015
Warning of possible loss or considerable YoY change of the accumulated net profit made during the period-begin to the end of the
next reporting period according to prediction, as well as explanations on the reasons:
□ Applicable √ Inapplicable
V. Securities investments
□ Applicable √ Inapplicable
No such cases in the reporting period.
VI. Shareholdings in other listed companies
□ Applicable √ Inapplicable
No such cases in the reporting period.
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Report for the First Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
VII. Investments in derivatives
□ Applicable √ Inapplicable
No such cases in the reporting period.
VIII. Researches, visits and interviews received in the reporting period
√ Applicable □ Inapplicable
Main discussion and
Time of Place of
Way of reception Visitor type Visitor materials provided by the
reception reception
Company
Whether continue to
Department of Individual reduce its stock hold of
7 Jan. 2015 By phone Individual
Securities investor Southwest Securities, had
replied.
Known about he
Department of Individual
13 Jan. 2015 By phone Individual Company's performance
Securities investor
prediction, had replied
Published time of the
Department of Individual
15 Mar. 2015 By phone Individual Company's annual report,
Securities investor
had replied.
Department of Individual Business situation of the
20 Mar. 2015 By phone Individual
Securities investor controlling shareholder
Known about the number
Department of Individual
25 Mar. 2015 By phone Individual of shareholders, the
Securities investor
Company had provided
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Report for the First Quarter of 2015 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 136,951,582.15 97,404,192.62
Settlement reserves
Intra-group lendings
Financial assets measured at fair
value of which changes are recorded
in current profits and losses
Derivative financial assets
Notes receivable
Accounts receivable 17,916,635.34 12,378,292.44
Accounts paid in advance 116,668,597.23 128,625,359.78
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract
reserves
Interest receivable
Dividend receivable 260,015.00 260,015.00
Other accounts receivable 250,521,722.27 238,352,004.55
Financial assets purchased under
agreements to resell
Inventories 407,348,059.84 386,635,994.05
Assets held for sale
Non-current assets due within 1
year
Other current assets 3,000,000.00
Total current assets 932,666,611.83 863,655,858.44
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Report for the First Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
Non-current assets:
Loans by mandate and advances
granted
Available-for-sale financial assets 11,411,309.90 184,158,809.90
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 35,775,282.80 35,961,754.63
Investing real estate 21,947,123.28 22,228,615.23
Fixed assets 433,744,538.98 436,892,954.81
Construction in progress 58,666,545.33 57,013,898.46
Engineering materials 393,706.60 393,706.60
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 30,377,003.34 30,660,800.67
R&D expense
Goodwill
Long-term deferred expenses 11,691,934.64 12,888,406.04
Deferred income tax assets
Other non-current assets 1,581,840.00 1,581,840.00
Total of non-current assets 605,589,284.87 781,780,786.34
Total assets 1,538,255,896.70 1,645,436,644.78
Current liabilities:
Short-term borrowings 19,000,000.00 19,000,000.00
Borrowings from Central Bank
Customer bank deposits and due to
banks and other financial institutions
Intra-group borrowings
Financial liabilities measured at
fair value of which changes are
recorded in current profits and losses
Derivative financial liabilities
Notes payable
Accounts payable 23,730,869.61 58,578,620.48
Accounts received in advance 22,803,378.42 28,572,757.37
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Report for the First Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
Financial assets sold for repurchase
Handling charges and commissions
payable
Payroll payable 9,851,794.65 9,689,999.71
Tax payable 9,146,450.90 4,603,277.48
Interest payable 143,777,001.79 122,400,850.73
Dividend payable 3,213,302.88 3,213,302.88
Other accounts payable 588,795,914.49 780,359,522.08
Reinsurance premiums payable
Insurance contract reserves
Payables for acting trading of
securities
Payables for acting underwriting of
securities
Liabilities held for sale
Non-current liabilities due within 1
249,471,973.56 249,471,973.56
year
Other current liabilities
Total current liabilities 1,069,790,686.30 1,275,890,304.29
Non-current liabilities:
Long-term borrowings 505,536,865.85 327,303,532.52
Bonds payable
Of which: preferred shares
Perpetual bonds
Long-term payables
Long-term payroll payables
Specific payables
Estimated liabilities
Deferred income
Deferred income tax liabilities 674,902.10 23,187,756.33
Other non-current liabilities
Total non-current liabilities 506,211,767.95 350,491,288.85
Total liabilities 1,576,002,454.25 1,626,381,593.14
Owners’ equity:
Share capital 426,745,404.00 426,745,404.00
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Report for the First Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
Other equity instruments
Of which: preferred shares
Perpetual bonds
Capital reserves 334,690,837.45 334,690,837.45
Less: Treasury stock
Other comprehensive income 125,127,595.63
Specific reserves
Surplus reserves 109,487,064.39 109,487,064.39
Provisions for general risks
Retained profits -910,545,696.04 -980,486,431.07
Total equity attributable to owners of
-39,622,390.20 15,564,470.40
the Company
Minority interests 1,875,832.65 3,490,581.24
Total owners’ equity -37,746,557.55 19,055,051.64
Total liabilities and owners’ equity 1,538,255,896.70 1,645,436,644.78
Legal representative: Zheng Qing Chief of the accounting work: Yang Daoliang
Chief of the accounting organ: Yang Daoliang
2. Balance sheet of the Company
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 2,262,411.48 2,034,649.76
Financial assets measured at fair
value of which changes are recorded
in current profits and losses
Derivative financial assets
Notes receivable
Accounts receivable 3,673,046.43 3,435,478.16
Accounts paid in advance 50,240,000.00 50,240,000.00
Interest receivable
Dividend receivable 260,015.00 260,015.00
Other accounts receivable 791,307,830.13 818,584,850.46
Inventories 4,824,035.45 4,824,035.45
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Report for the First Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
Assets held for sale
Non-current assets due within 1
year
Other current assets
Total current assets 852,567,338.49 879,379,028.83
Non-current assets:
Available-for-sale financial assets 11,411,309.90 184,158,809.90
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 293,834,415.19 293,884,905.62
Investing real estate 6,912,931.58 6,988,540.73
Fixed assets 14,307,366.23 14,623,874.13
Construction in progress
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 1,445,797.41 1,457,713.32
R&D expense
Goodwill
Long-term deferred expenses 816,423.92 855,107.00
Deferred income tax assets
Other non-current assets
Total of non-current assets 328,728,244.23 501,968,950.70
Total assets 1,181,295,582.72 1,381,347,979.53
Current liabilities:
Short-term borrowings
Financial liabilities measured at
fair value of which changes are
recorded in current profits and losses
Derivative financial liabilities
Notes payable
Accounts payable 2,482,949.70 2,482,949.70
Accounts received in advance 33,456.80 98,945.30
Payroll payable 471,121.39 674,051.54
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Report for the First Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
Tax payable 8,254,431.35 2,995,939.00
Interest payable 82,838,423.68 75,566,328.92
Dividend payable 3,213,302.88 3,213,302.88
Other accounts payable 396,246,775.20 576,422,782.11
Liabilities held for sale
Non-current liabilities due within 1
196,805,306.92 196,805,306.92
year
Other current liabilities
Total current liabilities 690,345,767.92 858,259,606.37
Non-current liabilities:
Long-term borrowings 164,453,532.50 130,303,532.50
Bonds payable
Of which: preferred shares
Perpetual bonds
Long-term payables
Long-term payroll payables
Specific payables
Estimated liabilities
Deferred income
Deferred income tax liabilities 22,512,854.23
Other non-current liabilities
Total non-current liabilities 164,453,532.50 152,816,386.73
Total liabilities 854,799,300.42 1,011,075,993.10
Owners’ equity:
Share capital 426,745,404.00 426,745,404.00
Other equity instruments
Of which: preferred shares
Perpetual bonds
Capital reserves 337,276,496.52 337,276,496.52
Less: Treasury stock
Other comprehensive income 125,127,595.63
Specific reserves
Surplus reserves 109,487,064.39 109,487,064.39
Retained profits -547,012,682.61 -628,364,574.11
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Report for the First Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
Total owners’ equity 326,496,282.30 370,271,986.43
Total liabilities and owners’ equity 1,181,295,582.72 1,381,347,979.53
3. Consolidated income statement
Unit: RMB Yuan
Item Jan.-Mar. 2015 Jan.-Mar. 2014
I. Total operating revenues 78,326,856.68 75,218,398.46
Including: Sales income 78,326,856.68 75,218,398.46
Interest income
Premium income
Handling charge and
commission income
II. Total operating costs 119,232,663.04 111,890,551.33
Including: Cost of sales 53,409,013.11 51,153,821.56
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 4,305,562.82 4,078,574.55
Selling and distribution
1,500,474.19 1,579,375.39
expenses
Administrative expenses 26,076,008.37 29,092,058.28
Financial expenses 33,736,503.64 25,549,141.58
Asset impairment loss 205,100.91 437,579.97
Add: Gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-”
124,156,283.22 -215,469.56
means loss)
Including: share of profits in
-50,490.43 -238,856.51
associates and joint ventures
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Report for the First Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
Foreign exchange gains (“-”
means loss)
III. Business profit (“-” means loss) 83,250,476.86 -36,887,622.43
Add: non-operating income 475,575.46 28,749.69
Including: Gains on disposal of
6.53
non-current assets
Less: non-operating expense 169,236.83 376,494.63
Including: Losses on disposal
421.50
of non-current assets
IV. Total profit (“-” means loss) 83,556,815.49 -37,235,367.37
Less: Income tax expense 15,230,829.05
V. Net profit (“-” means loss) 68,325,986.44 -37,235,367.37
Net profit attributable to owners
69,940,735.03 -35,538,513.44
of the Company
Minority shareholders’ income -1,614,748.59 -1,696,853.93
VI. After-tax net amount of other
-125,127,595.63 -9,067,500.00
comprehensive incomes
After-tax net amount of other
comprehensive incomes attributable to -125,127,595.63 -9,067,500.00
owners of the Company
(I) Other comprehensive
incomes that will not be reclassified
into gains and losses
1. Changes in net liabilities
or assets with a defined benefit plan
upon re-measurement
2. Enjoyable shares in other
comprehensive incomes in investees
that cannot be reclassified into gains
and losses under the equity method
(II) Other comprehensive
incomes that will be reclassified into -125,127,595.63 -9,067,500.00
gains and losses
1. Enjoyable shares in other
comprehensive incomes in investees
that will be reclassified into gains and
losses under the equity method
2. Gains and losses on fair
-125,127,595.63 -9,067,500.00
value changes of available-for-sale
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Report for the First Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
financial assets
3. Gains and losses on
reclassifying held-to-maturity
investments into available-for-sale
financial assets
4. Effective hedging gains
and losses on cash flows
5. Foreign-currency financial
statement translation difference
6. Other
After-tax net amount of other
comprehensive incomes attributable to
minority shareholders
VII. Total comprehensive incomes -56,801,609.19 -46,302,867.37
Attributable to owners of the
-55,186,860.60 -44,606,013.44
Company
Attributable to minority
-1,614,748.59 -1,696,853.93
shareholders
VIII. Earnings per share
(I) Basic earnings per share 0.16 -0.08
(II) Diluted earnings per share 0.16 -0.08
Where business mergers under the same control occurred in this reporting period, the net profit achieved by the merged parties before
the business mergers was RMB , with the corresponding amount for the same period of last year being RMB .
Legal representative: Zheng Qing Chief of the accounting work: Yang Daoliang
Chief of the accounting organ: Yang Daoliang
4. Income statement of the Company
Unit: RMB Yuan
Item Jan.-Mar. 2015 Jan.-Mar. 2014
I. Total sales 256,035.63 252,422.13
Less: cost of sales 27,986,060.76 19,604,384.48
Business taxes and surcharges 10,978.01 10,775.65
Distribution expenses
Administrative expenses 3,903,142.59 4,577,873.56
Financial costs 23,969,887.33 14,933,444.67
Impairment loss 13,154.43 -6,607.80
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Report for the First Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
Add: gain/(loss) from change in
fair value (“-” means loss)
Gain/(loss) from investment (“-”
124,292,264.62 -150,048.93
means loss)
Including: income form
investment on associates and joint -50,490.43 -150,048.93
ventures
II. Business profit (“-” means loss) 96,562,239.49 -19,502,011.28
Add: non-operating income
Including: Gains on disposal of
non-current assets
Less: non-operating expense 77.22
Including: Losses on disposal of
non-current assets
III. Total profit (“-” means loss) 96,562,162.27 -19,502,011.28
Less: Income tax expense 15,210,270.77
IV. Net profit (“-” means loss) 81,351,891.50 -19,502,011.28
V. After-tax net amount of other
-125,127,595.63 -9,067,500.00
comprehensive incomes
(I) Other comprehensive incomes
that will not be reclassified into gains
and losses
1. Changes in net liabilities or
assets with a defined benefit plan
upon re-measurement
2. Enjoyable shares in other
comprehensive incomes in investees
that cannot be reclassified into gains
and losses under the equity method
(II) Other comprehensive incomes
that will be reclassified into gains and -125,127,595.63 -9,067,500.00
losses
1. Enjoyable shares in other
comprehensive incomes in investees
that will be reclassified into gains and
losses under the equity method
2. Gains and losses on fair value
changes of available-for-sale financial -125,127,595.63 -9,067,500.00
assets
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Report for the First Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
3. Gains and losses on
reclassifying held-to-maturity
investments into available-for-sale
financial assets
4. Effective hedging gains and
losses on cash flows
5. Foreign-currency financial
statement translation difference
6. Other
VI. Total comprehensive incomes -43,775,704.13 -28,569,511.28
VII. Earnings per share
(I) Basic earnings per share 0 0
(II) Diluted earnings per share 0 0
5. Consolidated cash flow statement
Unit: RMB Yuan
Item Jan.-Mar. 2015 Jan.-Mar. 2014
I. Cash flows from operating
activities:
Cash received from sale of
commodities and rendering of 65,399,109.89 72,575,085.92
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
financial assets measured at fair
value of which changes are recorded
into current gains and losses
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Report for the First Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
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
8,099,911.91 44,801,654.00
operating activities
Subtotal of cash inflows from
73,499,021.80 117,376,739.92
operating activities
Cash paid for goods and services 54,192,670.13 146,784,870.19
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
Cash for paying policy dividends
Cash paid to and for employees 45,894,097.60 43,109,204.98
Various taxes paid 6,982,734.31 5,675,757.16
Other cash payment relating to
14,963,795.17 17,802,244.30
operating activities
Subtotal of cash outflows from
122,033,297.21 213,372,076.63
operating activities
Net cash flows from operating
-48,534,275.41 -95,995,336.71
activities
II. Cash flows from investing
activities:
Cash received from withdrawal of
139,371,794.42 6,543,871.23
investments
Cash received from return on
9,515.72
investments
Net cash received from disposal of
1,341,447.50
fixed assets, intangible assets and
20
Report for the First Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
other long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
investing activities
Subtotal of cash inflows from
139,371,794.42 7,894,834.45
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 2,906,618.00 2,531,364.00
assets
Cash paid for investment 10,960,000.00 11,000,000.00
Net increase of pledged loans
Net cash paid to acquire
subsidiaries and other business units
Other cash payments relating to
13,000,000.00
investing activities
Subtotal of cash outflows from
13,866,618.00 26,531,364.00
investing activities
Net cash flows from investing
125,505,176.42 -18,636,529.55
activities
III. Cash Flows from Financing
Activities:
Cash received from capital
10,000,000.00
contributions
Including: Cash received from
minority shareholder investments by 10,000,000.00
subsidiaries
Cash received from borrowings 236,350,000.00 176,200,000.00
Cash received from issuance of
bonds
Other cash received relating to
financing activities
Subtotal of cash inflows from
236,350,000.00 186,200,000.00
financing activities
Repayment of borrowings 245,101,666.67 13,000,000.00
Cash paid for interest expenses
and distribution of dividends or 21,011,716.87 4,994,798.00
profit
21
Report for the First Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
Including: dividends or profit
paid by subsidiaries to minority
shareholders
Other cash payments relating to
7,660,127.94 4,913,000.00
financing activities
Sub-total of cash outflows from
273,773,511.48 22,907,798.00
financing activities
Net cash flows from financing
-37,423,511.48 163,292,202.00
activities
IV. Effect of foreign exchange rate
changes on cash and cash equivalents
V. Net increase in cash and cash
39,547,389.53 48,660,335.74
equivalents
Add: Opening balance of cash
97,404,192.62 62,362,242.69
and cash equivalents
VI. Closing balance of cash and cash
136,951,582.15 111,022,578.43
equivalents
6. Cash flow statement of the Company
Unit: RMB Yuan
Item Jan.-Mar. 2015 Jan.-Mar. 2014
I. Cash flows from operating
activities:
Cash received from sale of
commodities and rendering of 265,603.61 468,918.25
service
Tax refunds received
Other cash received relating to
89,618,432.60 24,455,231.90
operating activities
Subtotal of cash inflows from
89,884,036.21 24,924,150.15
operating activities
Cash paid for goods and services
Cash paid to and for employees 1,654,450.77 1,620,691.54
Various taxes paid 69,345.90 85,826.85
Other cash payment relating to
51,576,104.80 6,380,527.01
operating activities
Subtotal of cash outflows from
53,299,901.47 8,087,045.40
operating activities
22
Report for the First Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
Net cash flows from operating
36,584,134.74 16,837,104.75
activities
II. Cash flows from investing
activities:
Cash received from retraction of
139,371,794.42 6,030,000.00
investments
Cash received from return on
investments
Net cash received from disposal of
fixed assets, intangible assets and
other long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
investing activities
Subtotal of cash inflows from
139,371,794.42 6,030,000.00
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 0.00
assets
Cash paid for investment 11,476,000.00 25,200,000.00
Net cash paid to acquire
subsidiaries and other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from
11,476,000.00 25,200,000.00
investing activities
Net cash flows from investing
127,895,794.42 -19,170,000.00
activities
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Cash received from borrowings 58,850,000.00 10,900,000.00
Cash received from issuance of
bonds
Other cash received relating to
financing activities
23
Report for the First Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
Subtotal of cash inflows from
58,850,000.00 10,900,000.00
financing activities
Repayment of borrowings 211,355,000.00 6,000,000.00
Cash paid for interest expenses
and distribution of dividends or 9,087,039.50 1,986,000.00
profit
Other cash payments relating to
2,660,127.94 1,913,000.00
financing activities
Sub-total of cash outflows from
223,102,167.44 9,899,000.00
financing activities
Net cash flows from financing
-164,252,167.44 1,001,000.00
activities
IV. Effect of foreign exchange rate
changes on cash and cash equivalents
V. Net increase in cash and cash
227,761.72 -1,331,895.25
equivalents
Add: Opening balance of cash
2,034,649.76 1,650,620.37
and cash equivalents
VI. Closing balance of cash and cash
2,262,411.48 318,725.12
equivalents
II. Auditor’s report
Is this report audited?
□ Yes √ No
This report is not audited.
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