Report for the First Quarter of 2016 of HaiNan Pearl River Holdings Co., Ltd.
HaiNan Pearl River Holdings Co., Ltd.
Report for the First Quarter of 2016
April 2016
1
Report for the First Quarter of 2016 of HaiNan Pearl River Holdings Co., Ltd.
Section I Important Statements
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 chief of the accounting work and Wu
Xiukun, 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 2016 of HaiNan Pearl River Holdings Co., Ltd.
Section II Financial Results and Changes in Shareholders
I Financial results
Whether the Company performed any retroactive adjustments to or restatement of its accounting data due to changes of accounting
policies or correction of accounting errors
□ Yes √ No
January-March 2016 January-March 2015 +/-%
Operating revenues (RMB) 80,025,245.10 78,326,856.68 2.17%
Net profit attributable to shareholders of
-38,541,192.11 69,940,735.03 -155.11%
the Company (RMB)
Net profit attributable to shareholders of
the Company after excluding exceptional -38,415,455.62 -55,022,579.89 30.18%
profit and loss (RMB)
Net operating cash flow (RMB) 124,823,160.52 -48,534,275.41 357.19%
Basic earnings per share (RMB/share) -0.09 0.16 -156.25%
Diluted earnings per share (RMB/share) -0.09 0.16 -156.25%
Weighted average return on equity (%) 0.00% 0.00% 0.00%
31 March 2016 31 December 2015 +/-%
Total assets (RMB) 1,759,632,821.79 1,714,444,000.65 2.64%
Net assets attributable to shareholders of
-255,678,061.26 -217,136,869.15 -17.75%
the Company (RMB)
Exceptional profit and loss
√ Applicable □ Not applicable
Unit: RMB
Item January-March 2016 Note
Profit/loss on disposal of non-current assets (including offset
37,402.65
amount of asset impairment provisions)
Capital occupation charges on non-financial enterprises that are
316,126.72
charged to the profit/loss for the Reporting Period
Non-operating income and expense other than the above -496,527.06
Less: Income tax effects -14,645.06
Minority interests effects (after tax) -2,616.14
Total -125,736.49 --
Explanation of why the Company classified an item as exceptional profit/loss according to the definition in the Explanatory
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Profit and Loss,
or reclassified any exceptional profit/loss item given as an example in the said explanatory announcement to recurrent profit/loss
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Report for the First Quarter of 2016 of HaiNan Pearl River Holdings Co., Ltd.
□ Applicable √ Not applicable
No such cases in the Reporting Period.
II Total number of shareholders at the period-end and shareholdings of top ten shareholders
1. Numbers of common shareholders and preference shareholders with resumed voting rights as well as
shareholdings of top ten shareholders
Unit: share
Total number of preference
Total number of common shareholders with resumed
40,864 0
shareholders at the period-end voting rights at the period-end
(if any)
Shareholdings of top ten shareholders
Number of Pledged or frozen shares
Name of Nature of Shareholding Number of shares
restricted shares
shareholder shareholder percentage (%) held Status of shares Number of shares
held
Beijing Wanfa
Real Estate State-owned
26.36% 112,479,478
Development corporation
Co., Ltd.
LI LEON ZHAN Foreign
2.58% 11,015,000
WEI individual
YAO XIU Foreign
2.31% 9,850,128
GUANG individual
Chongqing
International
Trust Co.,
Domestic
Ltd.—Yuxin
non-state-owned 1.77% 7,560,563
Innovation
corporation
Advantage No. 11
Assembled Funds
Trust
Domestic
Xu Zhen 0.58% 2,462,200
individual
BANK OF
COMMUNICATI
ONS CO—Chang Domestic
Xin Quantitative non-state-owned 0.55% 2,326,973
Pioneer Hybrid corporation
Securities
Investment Funds
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Report for the First Quarter of 2016 of HaiNan Pearl River Holdings Co., Ltd.
Overseas
Yao Liyuan 0.47% 2,005,600
individual
Domestic
Zhang Xiaoxia 0.46% 1,949,250
individual
Domestic
Zhong Yi 0.39% 1,676,018
individual
Domestic
Zeng Ping 0.37% 1,600,000
individual
Shareholdings of top ten non-restricted shareholders
Variety of shares
Name of shareholder Number of non-restricted shares held
Variety Number
Beijing Wanfa Real Estate RMB common
112,479,478 112,479,478
Development Co., Ltd. shares
Domestically
LI LEON ZHAN WEI 11,015,000 listed foreign 11,015,000
shares
Domestically
YAO XIU GUANG 9,850,128 listed foreign 9,850,128
shares
Chongqing International Trust Co.,
Ltd.—Yuxin Innovation Advantage 7,560,563 Other 7,560,563
No. 11 Assembled Funds Trust
RMB common
Xu Zhen 2,462,200 2,462,200
shares
BANK OF COMMUNICATIONS
CO—Chang Xin Quantitative
2,326,973 Other 2,326,973
Pioneer Hybrid Securities
Investment Funds
Domestically
Yao Liyuan 2,005,600 listed foreign 2,005,600
shares
Domestically
Zhang Xiaoxia 1,949,250 listed foreign 1,949,250
shares
RMB common
Zhong Yi 1,676,018 1,676,018
shares
RMB common
Zeng Ping 1,600,000 1,600,000
shares
Related or acting-in-concert parties Among shareholders above, there exists no related-party relationship between the principal
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Report for the First Quarter of 2016 of HaiNan Pearl River Holdings Co., Ltd.
among the above shareholders shareholder and other shareholders of the Company. Nor they are parties with concerted
action as prescribed in the Information Disclosure Administrative Methods for Changes in
Shareholding of Shareholders of Listed Companies. And it is unknown whether there is
related-party relationship among other shareholders and whether they are prescribed parties
with concerted action.
The shareholder, Zhong Yi held 1,676,018 shares of the Company through the customer credit
Top ten common shareholders collateral securities trading account of Fortune Securities Co., Ltd.. The shareholder, Zeng
conducting securities margin trading Ping held 700,000 shares of the Company through common account and held 900,000 shares
(if any) of the Company through the customer credit collateral securities trading account of CDB
Securities Co., Ltd..
Did any of the top ten common shareholders or the top ten 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 preference shareholders and shareholdings of the top ten of them
□ Applicable √ Not applicable
Section III Significant Events
I Changes in major accounting statement items and financial indicators for the Reporting
Period, as well as reasons for such changes
√ Applicable □ Not applicable
Item 31 March 2016 31 December 2015 +/-% Reason for change
Accounts receivable 21,565,339.62 25.66% The property management and hotel revenue
17,161,981.62 increased.
Accounts received in 621,006,892.30 428,054,670.19 45.08% The advances from house buyers to subsidiary Hubei
advance Pearl River increased.
Taxes and fares -23,579,798.15 -5,255,663.63 -348.66% Subsidiary Hubei Pearl River prepaid the taxes and
payable fares in relation to the advances from its house
buyers.
Non-current liabilities 281,035,064.06 353,287,364.69 -20.45% Some borrowings were repaid in the current period.
due within one year
January-March
Item January-March 2016 +/-% Reason for change
2015
Selling expenses 4,500,007.25 199.91% The sales agency fees of subsidiary Hubei Pearl
1,500,474.19 River increased.
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Report for the First Quarter of 2016 of HaiNan Pearl River Holdings Co., Ltd.
Return on investment 124,156,283.22 -100.10% The same period of last year saw an income from the
-120,373.11 transfer of Southwest Securities shares, while there
were no such events in the current period.
Corporate income tax 29,699.94 -99.81% Deferred income tax assets were reversed and the
15,230,829.05 corporate income tax increased in the same period of
last year, while there were no such events in the
current period.
Minority interest -2,335,161.42 -44.61% Loss on subsidiary Hubei Pearl River, Hebei
income -1,614,748.59 Zhengshi Qinghui and Heilongjiang Longshi
Other composite 0.00 -125,127,595.63 100.00% The same period of last year saw an income from the
income transfer of Southwest Securities shares, while there
were no such events in the current period.
Net operating cash 124,823,160.52 -48,534,275.41 357.19% The advances from house buyers to subsidiary Hubei
flow Pearl River increased.
Net investment cash 7,258,357.17 125,505,176.42 -94.22% The same period of last year saw an income from the
flow transfer of Southwest Securities shares, while there
were no such events in the current period.
Net financing cash -127,094,529.15 -37,423,511.48 239.61% Some borrowings were repaid in the current period.
flow
II Progress of significant events and analysis & explanations on their influence and solutions
□ Applicable √ Not applicable
III Commitments of the Company, its shareholders, actual controller, acquirer, directors,
supervisors, senior management or other related parties fulfilled in the Reporting Period or
ongoing at the period-end
□ Applicable √ Not applicable
No such cases in the Reporting Period.
IV Operating result forecast for January-June 2016
Warning of a forecast deficit or considerable YoY change in the accumulative net profit made during the period from the beginning of
the year to the end of the next reporting period, as well as explanation of why:
□Applicable √ Not applicable
V Securities investments
□ Applicable √ Not applicable
No such cases in the Reporting Period.
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Report for the First Quarter of 2016 of HaiNan Pearl River Holdings Co., Ltd.
VI Investments in derivative financial instruments
□ Applicable √ Not applicable
No such cases in the Reporting Period.
VII Visits paid to the Company in the Reporting Period for purposes of research,
communication, interview, etc.
√ Applicable □ Not applicable
Date of visit Way of visit Type of visitor Index to main inquiry information
Known about the operation situation of
2016-01-08 Telephone communication Individual
the Company
2016-01-09 Telephone communication Individual Query name lists of shareholders
Known about the operation situation of
2016-01-22 Telephone communication Individual
the Company
2016-02-28 Telephone communication Individual Disclosure time of annual report
Known about the sale progress of the
2016-03-24 Telephone communication Individual
assets of the Company
VIII Illegal provision of guarantees for external parties
□ Applicable √ Not applicable
No such cases in the Reporting Period.
IX Occupation of the Company’s funds by the controlling shareholder or its related parties
for non-operating purposes
□ Applicable √ Not applicable
No such cases in the Reporting Period.
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Report for the First Quarter of 2016 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.
31 March 2016
Unit: RMB
Item Closing balance Opening balance
Current assets:
Monetary funds 210,749,120.08 205,762,131.54
Settlement reserves
Lendings to banks and other financial
institutions
Financial assets measured at fair
value with fair value changes included
in the profit and loss for the Reporting
Period
Derivative financial assets
Notes receivable
Accounts receivable 21,565,339.62 17,161,981.62
Accounts paid in advance 108,767,004.24 108,236,943.90
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract
reserves
Interest receivable
Dividends receivable 260,015.00 260,015.00
Other accounts receivable 257,282,766.24 256,036,391.03
Financial assets purchased under
agreement to resell
Inventories 573,148,670.00 531,145,489.05
Assets held for sale
Non-current assets due within one
year
Other current assets
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Report for the First Quarter of 2016 of HaiNan Pearl River Holdings Co., Ltd.
Total current assets 1,171,772,915.18 1,118,602,952.14
Non-current assets:
Loans and advances to customers
Available-for-sale financial assets 11,411,309.90 11,411,309.90
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investments 35,156,116.71 35,284,761.64
Investment property 20,333,984.52 20,890,800.30
Fixed assets 402,383,930.14 409,326,778.05
Construction in progress 80,874,938.72 79,403,655.02
Engineering materials 393,706.60 393,706.60
Disposal of fixed assets
Productive living assets
Oil-gas assets
Intangible assets 28,858,951.41 29,519,153.74
R&D expense
Goodwill
Long-term deferred expenses 6,865,128.61 8,029,043.26
Deferred income tax assets
Other non-current assets 1,581,840.00 1,581,840.00
Total non-current assets 587,859,906.61 595,841,048.51
Total assets 1,759,632,821.79 1,714,444,000.65
Current liabilities:
Short-term borrowings
Borrowings from the Central Bank
Money deposits accepted and
inter-bank deposits
Loans from banks and other financial
institutions
Financial liabilities measured at fair
value with fair value changes included
in the profit and loss for the Reporting
Period
Derivative financial liabilities
Notes payable
Accounts payable 23,112,538.10 24,313,483.40
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Report for the First Quarter of 2016 of HaiNan Pearl River Holdings Co., Ltd.
Accounts received in advance 621,006,892.30 428,054,670.19
Financial assets sold for repurchase
Handling charges and commissions
payable
Payroll payable 11,509,506.95 13,353,268.66
Taxes and fares payable -23,579,798.15 -5,255,663.63
Interest payable 202,574,737.08 178,429,980.05
Dividends payable 3,213,302.88 3,213,302.88
Other accounts payable 579,784,964.04 561,278,959.68
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 one
281,035,064.06 353,287,364.69
year
Other current liabilities
Total current liabilities 1,698,657,207.26 1,556,675,365.92
Non-current liabilities:
Long-term borrowings 334,416,666.67 390,333,333.34
Bonds payable
Of which: Preference shares
Perpetual bonds
Long-term accounts payable
Long-term payroll payable
Special payables
Estimated liabilities
Deferred income
Deferred income tax liabilities 629,227.79 629,227.79
Other non-current liabilities
Total non-current liabilities 335,045,894.46 390,962,561.13
Total liabilities 2,033,703,101.72 1,947,637,927.05
Owners’ equity:
Share capital 426,745,404.00 426,745,404.00
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Report for the First Quarter of 2016 of HaiNan Pearl River Holdings Co., Ltd.
Other equity instruments
Of which: Preference shares
Perpetual bonds
Capital reserves 334,690,837.45 334,690,837.45
Less: Treasury stock
Other composite income
Special reserves
Surplus reserves 109,487,064.39 109,487,064.39
Provisions for general risks
Retained profit -1,126,601,367.10 -1,088,060,174.99
Total equity attributable to owners of
-255,678,061.26 -217,136,869.15
the Company
Minority interests -18,392,218.67 -16,057,057.25
Total owners’ equity -274,070,279.93 -233,193,926.40
Total liabilities and owners’ equity 1,759,632,821.79 1,714,444,000.65
Legal representative: Zheng Qing Chief of the accounting work: Zheng Qing
Chief of the accounting organ: Wu Xiukun
2. Balance sheet of the Company
Unit: RMB
Item Closing balance Opening balance
Current Assets:
Monetary funds 1,356,594.84 479,720.71
Financial assets measured at fair
value with fair value changes included
in the profit and loss for the Reporting
Period
Derivative financial assets
Notes receivable
Accounts receivable 1,725,348.46 1,701,828.46
Accounts paid in advance 58,277,830.00 50,277,830.00
Interest receivable
Dividends receivable 260,015.00 260,015.00
Other accounts receivable 688,411,259.33 684,683,017.06
Inventories 4,824,035.45 4,824,035.45
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Report for the First Quarter of 2016 of HaiNan Pearl River Holdings Co., Ltd.
Assets held for sale
Non-current assets due within one
year
Other current assets
Total current assets 754,855,083.08 742,226,446.68
Non-current assets:
Available-for-sale financial assets 11,411,309.90 11,411,309.90
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investments 293,137,945.81 293,231,762.82
Investment property 6,610,494.98 6,686,104.13
Fixed assets 13,052,580.42 13,311,762.29
Construction in progress
Engineering materials
Disposal of fixed assets
Productive living assets
Oil-gas assets
Intangible assets 1,398,133.77 1,410,049.68
R&D expense
Goodwill
Long-term deferred expenses 533,891.60 604,524.68
Deferred income tax assets
Other non-current assets 0.00
Total non-current assets 326,144,356.48 326,655,513.50
Total assets 1,080,999,439.56 1,068,881,960.18
Current liabilities:
Short-term borrowings
Financial liabilities measured at fair
value with fair value changes included
in the profit and loss for the Reporting
Period
Derivative financial liabilities
Notes payable
Accounts payable 2,482,949.70 2,482,949.70
Accounts received in advance 38,896.41 38,896.41
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Report for the First Quarter of 2016 of HaiNan Pearl River Holdings Co., Ltd.
Payroll payable 792,612.17 1,050,861.22
Taxes and fares payable 7,275,670.68 7,576,662.32
Interest payable 121,738,100.19 126,077,364.57
Dividends payable 3,213,302.88 3,213,302.88
Other accounts payable 535,410,832.43 430,555,824.81
Liabilities held for sale
Non-current liabilities due within one
208,805,351.92 272,856,962.92
year
Other current liabilities
Total current liabilities 879,757,716.38 843,852,824.83
Non-current liabilities:
Long-term borrowings
Bonds payable
Of which: Preference shares
Perpetual bonds
Long-term payables
Long-term payroll payables
Special payables
Estimated liabilities
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities 879,757,716.38 843,852,824.83
Owners’ equity:
Share capital 426,745,404.00 426,745,404.00
Other equity instruments
Of which: Preference shares
Perpetual bonds
Capital reserves 337,276,496.52 337,276,496.52
Less: Treasury stock
Other composite income
Special reserves
Surplus reserves 109,487,064.39 109,487,064.39
Retained profit -672,267,241.73 -648,479,829.56
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Report for the First Quarter of 2016 of HaiNan Pearl River Holdings Co., Ltd.
Total owners’ equity 201,241,723.18 225,029,135.35
Total liabilities and owners’ equity 1,080,999,439.56 1,068,881,960.18
3. Consolidated income statement
Unit: RMB
Item January-March 2016 January-March 2015
1. Operating revenues 80,025,245.10 78,326,856.68
Including: Sales income 80,025,245.10 78,326,856.68
Interest income
Premium income
Handling charge and commission
income
2. Total operating costs 120,292,401.17 119,232,663.04
Including: Cost of sales 62,053,529.67 53,409,013.11
Interest expenses
Handling charge and commission
expenses
Surrenders
Net claims paid
Net amount provided as insurance
contract reserves
Expenditure on policy dividends
Reinsurance premium
Business tax and surtaxes 4,535,479.61 4,305,562.82
Selling expenses 4,500,007.25 1,500,474.19
Administrative expenses 24,208,857.95 26,076,008.37
Financial costs 24,749,365.53 33,736,503.64
Asset impairment loss 245,161.16 205,100.91
Add: Profit/loss on fair value changes
(“-” means loss)
Profit/loss on investment (“-” means
-120,373.11 124,156,283.22
loss)
Including: Share of profit in
-128,644.93 -50,490.43
associates and joint ventures
Foreign exchange profit (“-” means
loss)
3. Operating profit (“-” means loss) -40,387,529.18 83,250,476.86
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Report for the First Quarter of 2016 of HaiNan Pearl River Holdings Co., Ltd.
Add: Non-operating income 167,838.50 475,575.46
Including: Profit on disposal of
37,402.65 6.53
non-current assets
Less: Non-operating expense 626,962.91 169,236.83
Including: Loss on disposal of
non-current assets
4. Total profit (“-” means loss) -40,846,653.59 83,556,815.49
Less: Corporate income tax 29,699.94 15,230,829.05
5. Net profit (“-” means loss) -40,876,353.53 68,325,986.44
Net profit attributable to owners of
-38,541,192.11 69,940,735.03
the Company
Minority shareholders’ income -2,335,161.42 -1,614,748.59
6. After-tax net amount of other
0.00 -125,127,595.63
composite income
After-tax net amount of other
composite income attributable to owners -125,127,595.63
of the Company
6.1 Other composite income that
will not be reclassified into profit and
loss
6.1.1 Changes in net liabilities
or assets with a defined benefit plan upon
re-measurement
6.1.2 Enjoyable share in other
comprehensive income in investees that
cannot be reclassified into profit and loss
under the equity method
6.2 Other composite income that
-125,127,595.63
will be reclassified into profit and loss
6.2.1 Enjoyable share in other
composite income in investees that will
be reclassified into profit and loss under
the equity method
6.2.2 Profit and loss on fair
value changes of available-for-sale -125,127,595.63
financial assets
6.2.3 Profit and loss on
reclassifying held-to-maturity
investments into available-for-sale
financial assets
6.2.4 Effective hedging profit
and loss on cash flow
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Report for the First Quarter of 2016 of HaiNan Pearl River Holdings Co., Ltd.
6.2.5 Foreign-currency
financial statement translation difference
6.2.6 Other
After-tax net amount of other
composite income attributable to
minority shareholders
7. Total composite income -40,876,353.53 -56,801,609.19
Attributable to owners of the
-38,541,192.11 -55,186,860.60
Company
Attributable to minority
-2,335,161.42 -1,614,748.59
shareholders
8. Earnings per share
8.1 Basic earnings per share -0.09 0.16
8.2 Diluted earnings per share -0.09 0.16
Where business mergers under the same control occurred in the Reporting Period, net profit achieved by the merged parties before
the business mergers was RMB0.00, with the corresponding amount for the same period of last year being RMB0.00.
Legal representative: Zheng Qing Chief of the accounting work: Zheng Qing
Chief of the accounting organ: Wu Xiukun
4. Income statement of the Company
Unit: RMB
Item January-March 2016 January-March 2015
1. Operating revenues 24,000.00 256,035.63
Less: Operating costs 88,898.40 88,898.40
Business tax and surtaxes 1,344.00 10,978.01
Selling expenses
Administrative expenses 3,345,978.22 3,903,142.59
Financial costs 19,802,710.81 23,969,887.33
Asset impairment loss 10,508.69 13,154.43
Add: profit/loss on fair value changes
(“-” means loss)
Profit/loss on investment (“-”
-93,817.01 124,292,264.62
means loss)
Including: Income from
investment on associates and joint -93,817.01 -50,490.43
ventures
2. Operating profit (“-” means loss) -23,319,257.13 96,562,239.49
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Report for the First Quarter of 2016 of HaiNan Pearl River Holdings Co., Ltd.
Add: Non-operating income 37,402.65
Including: Profit on disposal of
37,402.65
non-current assets
Less: Non-operating expense 505,557.69 77.22
Including: Loss on disposal of
non-current assets
3. Total profit (“-” means loss) -23,787,412.17 96,562,162.27
Less: Corporate income tax 15,210,270.77
4. Net profit (“-” means loss) -23,787,412.17 81,351,891.50
5. After-tax net amount of other
-125,127,595.63
composite income
5.1 Other composite income that will
not be reclassified into profit and loss
5.1.1 Changes in net liabilities or
assets with a defined benefit plan upon
re-measurement
5.1.2 Enjoyable share in other
composite income in investees that
cannot be reclassified into profit and
loss under the equity method
5.2 Other composite income that will
-125,127,595.63
be reclassified into profit and loss
5.2.1 Enjoyable share in other
composite income in investees that will
be reclassified into profit and loss under
the equity method
5.2.2 Profit and loss on fair value
changes of available-for-sale financial -125,127,595.63
assets
5.2.3 Profit and loss on
reclassifying held-to-maturity
investments into available-for-sale
financial assets
5.2.4 Effective hedging profit and
loss on cash flow
5.2.5 Foreign-currency financial
statement translation difference
5.2.6 Other
6. Total composite income -23,787,412.17 -43,775,704.13
7. Earnings per share
7.1 Basic earnings per share 0.00 0.00
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Report for the First Quarter of 2016 of HaiNan Pearl River Holdings Co., Ltd.
7.2 Diluted earnings per share 0.00 0.00
5. Consolidated cash flow statement
Unit: RMB
Item January-March 2016 January-March 2015
1. Operating cash flow:
Cash received from sale of
271,878,051.01 65,399,109.89
commodities and rendering of service
Net increase in money deposits from
customers and inter-bank placements
Net increase in loans from the
Central Bank
Net increase in funds borrowed from
other financial institutions
Cash received from premium of
original insurance contracts
Net cash received from reinsurance
business
Net increase in deposits of policy
holders and investment fund
Net increase in disposal of financial
assets measured at fair value with fair
value changes included in the profit
and loss for the Reporting Period
Cash received from interest,
handling charges and commissions
Net increase in loans from banks and
other financial institutions
Net increase in funds in repurchase
business
Tax refunds received
Other operating cash received 36,012,845.76 8,099,911.91
Subtotal of operating cash inflow 307,890,896.77 73,499,021.80
Cash paid for goods and services 55,351,676.42 54,192,670.13
Net increase in loans and advances
to customers
Net increase in funds deposited in
the Central Bank and inter-bank
placements
Cash for paying claims of original
insurance contracts
Cash for paying interest, handling
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Report for the First Quarter of 2016 of HaiNan Pearl River Holdings Co., Ltd.
charges and commissions
Cash for paying policy dividends
Cash paid to and for employees 56,510,933.73 45,894,097.60
Taxes and fares paid 24,943,567.32 6,982,734.31
Other cash payment relating to
46,261,558.78 14,963,795.17
operating activities
Subtotal of operating cash outflow 183,067,736.25 122,033,297.21
Net operating cash flow 124,823,160.52 -48,534,275.41
2. Investment cash flow:
Cash received from retraction of
12,000,000.00 139,371,794.42
investments
Cash received from return on
8,767.17
investments
Net cash received from disposal of
fixed assets, intangible assets and other 1,250,200.00
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
investment activities
Subtotal of investment cash inflow 13,258,967.17 139,371,794.42
Cash paid to acquire fixed assets,
intangible assets and other long-term 617,966.30 2,906,618.00
assets
Cash paid for investment 4,000,000.00 10,960,000.00
Net increase in pledged loans
Net cash paid to acquire subsidiaries
and other business units
Other cash payments relating to
1,382,643.70
investment activities
Subtotal of investment cash outflow 6,000,610.00 13,866,618.00
Net investment cash flow 7,258,357.17 125,505,176.42
3. Financing cash flow:
Cash received from capital
contributions
Including: Cash received from
minority shareholder investments by
subsidiaries
Cash received as borrowings 25,582,000.00 236,350,000.00
Cash received from issuance of
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Report for the First Quarter of 2016 of HaiNan Pearl River Holdings Co., Ltd.
bonds
Other financing cash received 5,890,876.56
Subtotal of financing cash inflow 31,472,876.56 236,350,000.00
Repayment of borrowings 135,739,611.00 245,101,666.67
Cash paid for interest expenses and
20,454,822.21 21,011,716.87
distribution of dividends or profit
Including: dividends or profit paid
by subsidiaries to minority
shareholders
Other cash payments relating to
2,372,972.50 7,660,127.94
financing activities
Sub-total of financing cash outflow 158,567,405.71 273,773,511.48
Net financing cash flow -127,094,529.15 -37,423,511.48
4. Effect of foreign exchange rate
changes on cash and cash equivalents
5. Net increase in cash and cash
4,986,988.54 39,547,389.53
equivalents
Add: Opening balance of cash and
205,762,131.54 97,404,192.62
cash equivalents
6. Closing balance of cash and cash
210,749,120.08 136,951,582.15
equivalents
6. Cash flow statement of the Company
Unit: RMB
Item January-March 2016 January-March 2015
1. Operating cash flow:
Cash received from sale of
3,010,360.00 265,603.61
commodities and rendering of service
Tax refunds received
Other operating cash received 81,546,191.96 89,618,432.60
Subtotal of operating cash inflow 84,556,551.96 89,884,036.21
Cash paid for goods and services
Cash paid to and for employees 2,077,411.96 1,654,450.77
Taxes and fares paid 400,383.73 69,345.90
Other operating cash payments 8,282,131.06 51,576,104.80
Subtotal of operating cash outflow 10,759,926.75 53,299,901.47
Net operating cash flow 73,796,625.21 36,584,134.74
2. Investment cash flow:
Cash received from retraction of
8,000,000.00 139,371,794.42
investments
21
Report for the First Quarter of 2016 of HaiNan Pearl River Holdings Co., Ltd.
Cash received from return on
investments
Net cash received from disposal of
fixed assets, intangible assets and other 50,000.00
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
investment activities
Subtotal of investment cash inflow 8,050,000.00 139,371,794.42
Cash paid to acquire fixed assets,
intangible assets and other long-term 5,999.00
assets
Cash paid for investment 10,000,000.00 11,476,000.00
Net cash paid to acquire subsidiaries
and other business units
Other investment cash payments
Subtotal of investment cash outflow 10,005,999.00 11,476,000.00
Net investment cash flow -1,955,999.00 127,895,794.42
3. Financing cash flow:
Cash received from capital
contributions
Cash received as borrowings 1,000,000.00 58,850,000.00
Cash received from issuance of
bonds
Other financing cash received
Subtotal of financing cash inflow 1,000,000.00 58,850,000.00
Repayment of borrowings 66,739,611.00 211,355,000.00
Cash paid for interest expenses and
5,105,311.08 9,087,039.50
distribution of dividends or profit
Other cash payments relating to
118,830.00 2,660,127.94
financing activities
Sub-total of financing cash outflow 71,963,752.08 223,102,167.44
Net financing cash flow -70,963,752.08 -164,252,167.44
4. Effect of foreign exchange rate
changes on cash and cash equivalents
5. Net increase in cash and cash
876,874.13 227,761.72
equivalents
Add: Opening balance of cash and
479,720.71 2,034,649.76
cash equivalents
22
Report for the First Quarter of 2016 of HaiNan Pearl River Holdings Co., Ltd.
6. Closing balance of cash and cash
1,356,594.84 2,262,411.48
equivalents
II Auditor’s report
Is this Report audited?
□ Yes √ No
This Report is not audited.
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