CMPD the 1st Quarterly Report 2014 (Full Text)
Stock Code: 000024, 200024 Stock ID: CMPD, CMPD B
Announcement No.: 【CMPD】2014－027
China Merchants Property Development Co., Ltd.
The 1st Quarterly Report 2014 (Full Text)
§1 Important Declaration
1.1 The Board of Directors, the Supervisory Committee, the directors, supervisors and executives of the Company
guarantee that there are no significant omissions, fictitious or misleading statements carried in the Report and we
will accept individual and joint responsibilities for the truthfulness, accuracy and completeness of the Report.
1.2 All of the directors presented the board meeting at which this Quarterly Report was examined.
1.3 The 1st Quarterly Financial Statements 2014 were not audited by a CPA.
1.4 Mr. Sun Chengming - the legal representative, Ms. Wu Zhenqin – the chief financial officer, and Ms. Li
Shifang – the manager of accounting department declare: the financial reports carried in this report are secured
for its truthfulness and completeness.
1.5 This report is prepared both in English and Chinese. When there is any conflict in understanding, the Chinese
version shall prevail.
§2 Financial Highlights and Change of Shareholders
2.1 Main accounting data and financial index
Was there any retrospective adjustment or restatement for the previous year accounting data?
□ Yes √ No
This report period The same period of last year Increase/decrease (%)
Operating income (RMB) 7,250,648,108.95 6,144,504,542.89 18.00%
Net profit attributable to shareholders of the listed
755,433,248.27 810,701,084.56 -6.82%
company (RMB)
Net profit attributable to shareholders of the listed
company after deducting non-recurring gains and 794,757,195.17 801,556,684.90 -0.85%
losses (RMB)
Net cash flow from operating activities
-4,330,633,173.95 790,021,934.12 -648.17%
(RMB)
Basic earnings per share (RMB/share) 0.44 0.47 -6.38%
Diluted earnings per share (RMB/share) 0.44 0.47 -6.38%
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CMPD the 1st Quarterly Report 2014 (Full Text)
Weighted average net income/asset ratio (%) 2.79% 3.41% Down by 0.62%
End of this report period End of last year Increase/decrease (%)
Total asset (RMB) 134,967,470,187.77 134,040,446,989.65 0.69%
Net asset value attributable to shareholders of the
27,480,935,215.51 26,725,501,967.24 2.83%
listed company (RMB)
As of the trading day before disclosure, the total share capital of the company is 1,717,300,503 shares. From the period-end to the
disclosure day of the quarterly report, the company did not change or influence the amount of owner's equity through issue of new
shares, issue of additional stock, allotment of shares, equity-based incentive and buyback.
Non-recurring gain/ loss items and amounts
√ Applicable □ Not Applicable Unit: RMB
Amount from beginning of year to the end of report
Non-recurring gain and loss items
period
Gain/loss of non-current assets -19,616.60
Government subsidies 518,000.00
Other non-operating income/expenditure net of the items above -1,125,144.84
Other items in line with definition of non-recurring gain/loss -38,732,418.92
Influences on minority shareholders’ gains/ losses 43,143.89
Impact on income tax -7,910.43
Total -39,323,946.90
Note: The Shenzhen China Merchants Overseas Chinese Town Investment Co., Ltd (SCMOCTI) was a subsidiary of the
Company, and a change of control occurred on April 1, 2013. According to Interpretation No. 4 of the Accounting Standards for
Business Enterprises, the change of control of SCMOCTI is deemed as the disposal of equity by our company. The remaining equity
is re-measured at fair value. The difference between the fair value and the original book value of the remaining equity is recognized
as the investment income of the year totaling RMB339,878,500. As the fair value of the remaining equity is the assessment
appreciation of inventory, the company carried back RMB38,732,418.92 of long-term equity investment appreciation confirmed by
assessment appreciation according to the ratio of inventory area actually carried forward during January-March of the year to the
available area for sale in the inventory to be carried forward on the assessment day.
√ Applicable □ Not Applicable
2.2 Total of shareholders and top-10 holders of current shares
Unite: Shares
Total number of shareholders at
66,588 (including 56,747 A-share holders and 9,841 B-share holders)
the end of the report period
Shareholding of top 10 shareholders
Class of Share Amount of holding Restricted Pledged or luck-up
Name of shareholder
shareholder proportion shares shares shares
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CMPD the 1st Quarterly Report 2014 (Full Text)
(%) Share state Amount
China Merchants Shekou Industrial Zone State-owned legal
40.38% 693,419,317 693,419,317 None None
Co., Ltd. person
Overseas legal
FULL SPACE INVESTMENT LIMITED 5.48% 94,144,050 94,144,050 None None
person
China Merchants Securities Hong Kong Overseas legal
2.91% 49,898,818 49,242,245 None None
Co., Ltd. person
Overseas legal
FOXTROT INTERNATIONAL LIMITED 1.61% 27,720,000 27,720,000 None None
person
Overseas legal
ORIENTURE INVESTMENT LTD 1.55% 26,603,145 26,603,145 None None
person
Domestic none
Full Goal Tianfu Innovative Theme Equity
state-owned legal 1.11% 19,009,918 None None None
Securities Investment Fund
person
Domestic none None
China Pacific life insurance Co., Ltd. －
state-owned legal 1.08% 18,501,423 None None
Traditional－General Insurance Products
person
Domestic none None
China Pacific life insurance Co., Ltd. －
state-owned legal 0.76% 12,965,823 None None
Dividends - Personal Dividends
person
Overseas legal None
GOLDEN CHINA MASTER FUND 0.75% 12,873,191 None None
person
Domestic none
National Social Insurance Fund 102
state-owned legal 0.73% 12,546,211 None None None
Combination
person
Top 10 holders of unconditional shares
Category of shares
Amount of shares without
Name of the shareholder Category of
trade limited conditions Amount
shares
Full Goal Tianfu Innovative Theme Equity Securities Investment
19,009,918 A shares 19,009,918
Fund
China Pacific Life Insurance Co., Ltd. － Traditional － General
18,501,423 A shares 18,501,423
Insurance Products
China Pacific Life Insurance Co., Ltd.－Dividends - Personal A shares
12,965,823 12,965,823
Dividends
GOLDEN CHINA MASTER FUND 12,873,191 B shares 12,873,191
National Social Insurance Fund 102 Combination 12,546,211 A shares 12,546,211
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CMPD the 1st Quarterly Report 2014 (Full Text)
New China Life Insurance Co., Ltd - Dividends - Personal A shares
11,850,000 11,850,000
Dividends – 018L - FH002 Shen
VALUE PARTNERS CLASSIC FUND 11,121,713 B shares 11,121,713
GF Small-capitalization Growth Equity Securities Investment Fund 10,552,812 A shares 10,552,812
Huaxin Trust Co., Ltd 9,767,652 A shares 9,767,652
BOCI SECURITIES LIMITED 9,483,400 B shares 9,483,400
1. In the Company shares held by China Merchants Securities Hong Kong Co., Ltd., 49,242,245 shares were bought in by Top Chief in
the previous year through entrustment;
2. Shekou Industrial Zone and its subsidiaries Full Space Investment, Top Chief International, FOXTROT INTERNATIONAL
LIMITED, and ORIENTURE INVESTMENT LTD are persons acting in concert.
3. China Pacific Life Insurance Co., Ltd.－Traditional－General Insurance Products and China Pacific Life Insurance Co., Ltd.－
Dividends - Personal Dividends belong to the same fund management company.
Do the shareholders of the Company have the agreement repurchase transactions during the report period?
□ Yes √ No
§3 Significant Events
3.1 Situation and causations of major change in accounting items and indices
December 31, Increase/
Assets and liabilities items March 31, 2014 Major Change Reasons
2013 Decrease (±%)
Increase of receivables from
Accounts receivable 12,192 7,686 0.03%
sale of real estate
Accrued employee
16,702 38,589 -0.16% Payment of accrued payroll
compensation
Increase of interests payable
Interest payable 23,595 15,236 0.06%
on bank borrowings
Dividends payable 512 12,093 -0.09% Payment of accrued dividends
Increase/
Gain/ loss items Jan-Mar, 2014 Jan-Mar, 2013 Major Change Reasons
Decrease (±%)
Increase of sales of real estate
Operating cost 457,655 303,870 51% carried forward during the
period
Operating tax and additional As the margin of the items
73,277 107,257 -32% carried forward is low, the land
expenses
appreciation tax decreased.
The interest payment and
foreign exchange losses of the
Financial cost 21,683 6,255 247%
period increased on the
year-over-year basis.
The investment income
increased due to the changes of
Investment income 11,944 231 5082%
the equity act of affiliated
company.
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CMPD the 1st Quarterly Report 2014 (Full Text)
Increase/
Cash flow items Jan-Mar, 2014 Jan-Mar, 2013 Major Change Reasons
Decrease (±%)
Sub-total of cash outflow from The land and infrastructure
1,458,050 925,954 57% expenses increased than one
business activities
year earlier.
Net cash flow generated by The growth of operating cash
-433,064 79,003 -648% outflow is larger than that of
business operation
the operating cash inflow.
Sub-total of cash outflow due The cash paid for acquisition
7,150 4,374 63%
to investment activities of equity increased.
Cash outflows year-on-year
Net cash flow generated by increased, but cash inflows
-7,150 -4,361 64%
investment year-on-year decreased in the
investment activities.
Subtotal of cash inflow from New borrowings of the period
348,257 710,170 -51%
financing activities decreased.
Subtotal of cash outflow due to Repayment of borrowings
374,651 203,812 84%
financing activities increased.
3.2 Progress of major issue and their influences and solutions
References of Disclosure
Overview of Major Issue Disclosure Date
Websites of Interim Report
At the second extraordinary general meeting of
shareholders in 2013, the Company has discussed and
passed the proposal in which shares will be issued to buy For more information, please
assets and raise money for the associated transactions. On refer to China Securities News,
Nov 28, 2013, the company received the notice on Nov 29, 2013; Nov 8, 2013; Oct. 23, Securities Times, Shanghai
processing application for administrative approval. That
2013; Oct. 16, 2013; Sep 17, 2013 Securities News, Hong Kong
means the China Securities Regulatory Commission has
accepted the application of administrative approval the Commercial Daily, Securities
company has filed for the issue of new shares to buy Daily and www.cninfo.com.cn.
assets and raise money for the associated deal. The
application remains in the stage of review.
3.3 Commitment issues made by the Company or shareholders with over 5% of shares in the
report term or carried down from the previous terms.
Date of
Party of Term of Status of
Commitments Content of Commitments commitme
commitment commitment fulfilling
nt
Commitment in Will input properties including high quality lands to support Due at the day In the report
Dec 9
share equity CMSIZ the Company’s development after the share equity after two years term,
2005
relocation relocation. upon stop CMSIZ was
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CMPD the 1st Quarterly Report 2014 (Full Text)
holding of the fully acting
Company’s as
shares committed.
CMSIZ, the controlling shareholder of the Company,
promised not to conduct or participate with 3rd parties in
Due at the day In the report
any business or activities possibly competing with the
Other after two years term,
Company in terms of business, new commodities and new
commitments to Mar 19 upon stop CMSIZ was
CMSIZ technology in any forms (including but not limited to direct
mid-small 2008 holding of the fully acting
operation, indirect operation, joint investment). Never use
shareholders Company’s as
the information obtained from the Company to conduct or
shares committed.
participate in and competitive activities against the
Company.
3.4 Non-operating capital occupying conditions of controlling shareholders and their related
parties for listed company
Unit: 0,000 RMB
Amount of Total
newly repay
Names of increased amoun Predicte Predicted
Opening Closing Predicte
shareholders or Holding time Reasons occupying t d repay repay time
balance balance d repay
related persons during during amount (month)
way
report report
period period
Shanghai New September,
Nanshan Real 2011 to now Fund Cash December,
14,934 2,070 - 17,004 17,004
Estate Development borrowing pay off 2014
Co., Ltd
Jones Tech Limited December, 2012 Reinvest
6,243 - 6,243 - - - -
to now ment fund
Holly Profit December, 2012 Reinvest
9,255 - 9,255 - - - -
Limited to now ment fund
Blue Cove December, 2013 Reinvest
4,481 - 4,481 - - - -
International Ltd to now ment fund
Powerwise December, 2013 Reinvest
8,903 - 8,903 - - - -
International Ltd to now ment fund
Total 43,816 2,070 28,882 17,004 - 17,004 -
3.5 Business forecast for January-June in 2014
Alert of loss or significant change in net profit from the beginning of year to the end of next report period or comparing with the
same period of last year, and statement of causations.
□Applicable √ Not applicable
3.6 Securities investment
□Applicable √ Not applicable
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CMPD the 1st Quarterly Report 2014 (Full Text)
Explanation of holding stock rights of other listed companies
□Applicable √ Not applicable
3.7 Investment of derivate instruments
Derivate instruments in stock at the end of period
□Applicable √ Not applicable
3.8 Table about investigations, communications and interviews received by the Company
during the report period
Received object Content discussed and
Reception date Reception place Reception way Received object
type information provided
Telephone Institutional
January 4, 2014 Shenzhen China Securities
communication investor
Telephone Institutional
January 7, 2014 Shenzhen Orient Securities
communication investor
Telephone
January 8, 2014 Shenzhen individual investor individual investor
communication
Telephone
January 8, 2014 Shenzhen individual investor individual investor
communication
Project Institutional Everbright
January 8, 2014 Shanghai ① Introducing operation
investigation investor Securities
of the Company
Institutional ② Discussing the
January 9, 2014 Shenzhen Field investigation Runhui Investment
investor industry development;
Institutional ③ Providing the
January 14, 2014 Suzhou, Shanghai Field investigation Runhui Investment
investor information announced and
Institutional William Blair、 brochure for projects of the
January 15, 2014 Nanjing, Suzhou Field investigation Company.
investor CICC
④ Visiting the Company
Telephone
January 16, 2014 Shenzhen individual investor individual investor on-sale
communication
Institutional
January 17, 2014 Shenzhen Field investigation Harvest Fund
investor
China Asset
Institutional
January 24, 2014 Shenzhen Field investigation Management,
investor
Haitong Securities
Telephone Institutional Hillhouse Capital
January 29, 2014 Shenzhen
communication investor Management
February 8, 2014 Shenzhen Field investigation Institutional Fullgoal Fund
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CMPD the 1st Quarterly Report 2014 (Full Text)
investor
Telephone Institutional Ping An Securities,
February 10, 2014 Shenzhen GF Securities,
communication investor Schroders Fund
GF Securities,
Institutional China Asset
February 12, 2014 Shenzhen Field investigation Management,Yinhu
investor a Fund, Penghua
Fund, etc
Telephone
February 12, 2014 Shenzhen individual investor individual investor
communication
Telephone Institutional
February 12, 2014 Shenzhen CICC
communication investor
Telephone
February 12, 2014 Shenzhen individual investor individual investor
communication
Telephone
February 14, 2014 Shenzhen individual investor individual investor
communication
Telephone Institutional
February 17, 2014 Shenzhen Huatai Securities
communication investor
Telephone
February 20, 2014 Shenzhen individual investor individual investor
communication
Telephone
February 27, 2014 Shenzhen individual investor individual investor
communication
Telephone
March 5, 2014 Shenzhen individual investor individual investor
communication
Telephone
March 13, 2014 Shenzhen individual investor individual investor
communication
40 institution s
such as Guotai
Junan Securities,
CITIC Securities,
Institutional China Jianyin
March 17, 2014 Shenzhen Field investigation Investment
investor Securities, Fullgoal
Fund,
Citic-prudential
Fund、Penghua
Fun, etc.
Baring Asset
Management
Limited, Norges
Institutional Bank, Capital
March 24, 2014 Hong Kong Strategic seminar
investor Research Global
Investors,
Manulife, Morgan
Stanley Investment
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CMPD the 1st Quarterly Report 2014 (Full Text)
Management
Company, Three
Corner
Telephone Institutional
March 31, 2014 Shenzhen GF Securities
communication investor
Telephone Institutional
March 31, 2014 Shenzhen China Securities
communication investor
Telephone Institutional
March 31, 2014 Shenzhen Runhui Investment
communication investor
§4 Financial Statements
4.1 Consolidated Financial Statements
Prepared by: China Merchants Property Development Co., Ltd.
Unit: RMB
Items Closing balance Openning balance
Current asset:
Monetary capital 19,596,551,015.27 24,240,458,796.50
Settlement provision
Outgoing call loan
Transactional financial assets
Notes receivable 6,527,980.00 4,000,000.00
Account receivable 121,918,936.59 76,864,814.81
Prepayment 2,732,440,955.25 2,815,967,507.79
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Interest receivable 100,000.00
Dividend receivable
Other account receivable 12,929,588,488.68 13,683,883,876.17
Repurchasing of financial assets
Inventories 84,435,845,840.86 78,476,507,470.78
Non-current asset due in 1 year 3,063,884.72 4,175,229.58
Other current asset 3,662,493,564.31 3,550,197,939.60
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CMPD the 1st Quarterly Report 2014 (Full Text)
Total of current asset 123,488,430,665.68 122,852,155,635.23
Non-current assets:
Disburse of consigned loans
Sellable financial asset
Expired investment in possess
Long-term receivable
Long-term share equity investment 2,038,629,140.30 1,653,194,214.56
Investment real estates 5,683,137,932.52 5,661,844,333.88
Fixed assets 1,948,074,462.60 2,038,420,991.55
Construction in process 107,084,507.32 104,895,578.36
Engineering goods
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 527,010,606.55 542,448,651.42
R&D expense
Goodwill 159,560,861.23 159,560,861.23
Long-term amortizable expenses 251,643,013.55 257,668,842.73
Deferred income tax asset 763,898,998.02 770,257,880.69
Other non-current asset
Total of non-current assets 11,479,039,522.09 11,188,291,354.42
Total of assets 134,967,470,187.77 134,040,446,989.65
Current liabilities
Short-term loans 3,435,000,000.00 4,250,000,000.00
Loan from Central Bank
Deposit received and hold for others
Call loan received
Transactional financial liabilities
Notes payable 45,427,648.95 27,267,637.07
Account payable 11,510,028,334.98 12,010,832,454.50
Advances received 38,884,956,542.61 37,517,671,641.79
Selling of repurchased financial assets
Fees and commissions receivable
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CMPD the 1st Quarterly Report 2014 (Full Text)
Employees’ wage payable 167,023,484.86 385,894,712.53
Tax payable 1,366,697,244.02 1,464,425,877.10
Interest payable 235,947,471.22 152,361,058.07
Dividend payable 5,118,147.59 120,927,194.29
Other account payable 8,847,899,835.30 9,014,047,482.53
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Non-current liability due in 1 year 6,928,500,771.53 6,331,007,932.13
Other current liability 3,276,673,737.34 3,560,491,070.18
Total of current liability 74,703,273,218.40 74,834,927,060.19
Non-current liabilities
Long-term borrowings 17,207,659,265.55 17,051,917,894.42
Bond payable 3,031,536,983.64 3,003,382,977.23
Long-term payable 103,043,988.47 102,745,035.90
Special payable
Anticipated liabilities 2,990,565.73 10,473,360.10
Deferred income tax liability 113,823,716.38 108,596,697.05
Other non-recurring liabilities 11,236,760.00 11,236,760.00
Total of non-current liabilities 20,470,291,279.77 20,288,352,724.70
Total of liability 95,173,564,498.17 95,123,279,784.89
Owners’ equity (or shareholders’ equity)
Capital paid in (or share capital) 1,717,300,503.00 1,717,300,503.00
Capital reserves 8,447,048,826.56 8,447,048,826.56
Less: Shares in stock
Special reserves
Surplus reserves 1,133,515,392.99 1,133,515,392.99
Common risk provision
Retained profit 16,104,169,139.44 15,348,735,891.17
Difference of foreign currency
78,901,353.52 78,901,353.52
translation
Total of owner’s equity belong to the
27,480,935,215.51 26,725,501,967.24
parent company
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CMPD the 1st Quarterly Report 2014 (Full Text)
Minor shareholders’ equity 12,312,970,474.09 12,191,665,237.52
Total of owners’ equity (or shareholders'
39,793,905,689.60 38,917,167,204.76
equity)
Total of liabilities and owners’ equity (or
134,967,470,187.77 134,040,446,989.65
shareholders' equity)
This financial statement is signed by the following responsible persons
Legal representative: Sun Chengming
Responsible person competent for the accounting work: Wu Zhenqin
Responsible person of the accounting institution: Li Shifang
4.2 Balance Sheet of the Parent Co.
Prepared by: China Merchants Property Development Co., Ltd.
Unit: RMB
Items Closing balance Openning balance
Current asset:
Monetary capital 5,161,350,134.56 6,296,121,745.68
Transactional financial assets
Notes receivable
Account receivable
Prepayment 193,000.00
Interest receivable 11,814,660.00 11,814,660.00
Dividend receivable 1,020,198,406.50 1,186,411,976.56
Other account receivable 26,177,233,236.99 28,619,556,967.65
Inventories
Non-current asset due in 1 year
Other current asset
Total of current asset 32,370,596,438.05 36,114,098,349.89
Non-current assets:
Sellable financial asset
Expired investment in possess
Long-term receivable 6,002,186,748.84
Long-term share equity investment 9,226,436,872.37 9,227,039,815.19
Investment real estates
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CMPD the 1st Quarterly Report 2014 (Full Text)
Fixed assets 1,288,850.32 1,548,967.06
Construction in process
Engineering goods
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets
R&D expense
Goodwill
Long-term amortizable expenses
Deferred income tax asset
Other non-current asset
Total of non-current assets 15,229,912,471.53 9,228,588,782.25
Total of assets 47,600,508,909.58 45,342,687,132.14
Current liabilities:
Short-term loans 1,200,000,000.00 2,250,000,000.00
Transactional financial liabilities
Notes payable
Account payable 191,878,894.81
Advances received
Employees’ wage payable 2,168,758.04 9,010,550.63
Tax payable 2,997,217.20 4,569,810.63
Interest payable 122,486,854.80 90,378,579.30
Dividend payable
Other account payable 19,470,703,495.88 15,791,231,019.71
Non-current liability due in 1 year 2,285,460,840.00 2,404,241,120.00
Other current liability 357,710.82
Total of current liability 23,275,696,060.73 20,549,788,791.09
Non-current liabilities:
Long-term borrowings 7,242,187,755.00 7,633,824,285.00
Bond payable
Long-term payable
Special payable
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CMPD the 1st Quarterly Report 2014 (Full Text)
Anticipated liabilities
Deferred income tax liability
Other non-recurring liabilities
Total of non-current liabilities 7,242,187,755.00 7,633,824,285.00
Total of liability 30,517,883,815.73 28,183,613,076.09
Owners’ equity (or shareholders’
equity)
Capital paid in (or share capital) 1,717,300,503.00 1,717,300,503.00
Capital reserves 8,927,054,193.00 8,927,054,193.00
Less: Shares in stock
Special reserves
Surplus reserves 1,082,563,999.99 1,082,563,999.99
Common risk provision
Retained profit 5,355,706,397.86 5,432,155,360.06
Different of foreign currency
translation
Total of owners’ equity (or
17,082,625,093.85 17,159,074,056.05
shareholders’ equity)
Total of liability and shareholders’
47,600,508,909.58 45,342,687,132.14
equity (or owners’ equity)
4.3 Consolidated Income Statement
Prepared by: China Merchants Property Development Co., Ltd.
Unit: RMB
Items Amount of the Current Term Amount of the Previous Term
I. Total revenue 7,250,648,108.95 6,144,504,542.89
Incl. Business income 7,250,648,108.95 6,144,504,542.89
Interest income
Insurance fee earned
Fee and commission
received
II. Total business cost 5,762,043,492.61 4,400,332,188.29
Incl. Business cost 4,576,550,376.54 3,038,699,049.28
Interest expense
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CMPD the 1st Quarterly Report 2014 (Full Text)
Fee and commission paid
Insurance discharge
payment
Net claim amount paid
Net insurance policy
reserves provided
Insurance policy dividend
paid
Reinsurance expenses
Business tax and surcharge 732,766,975.28 1,072,572,145.86
Sales expense 108,924,801.50 121,258,008.42
Administrative expense 126,611,884.99 105,779,045.75
Financial expenses 216,831,565.14 62,547,650.00
Asset impairment loss 357,889.16 -523,711.02
Plus: gains from change of fair
value (‘-’ for loss)
Investment gains (‘-’ for
119,441,264.48 2,305,013.32
loss)
Incl. Investment gains from
93,997,490.74 1,495,013.32
affiliates
Exchange gains (‘-’ for
loss)
III. Operational profit (‘-’for loss) 1,608,045,880.82 1,746,477,367.92
Plus: non-operational income 6,294,217.87 26,428,550.53
Less: non-operational
6,920,979.31 2,554,338.46
expenditure
Incl. Loss from disposal of
20,016.60 152,944.56
non-current assets
IV. Gross profit (‘-’for loss) 1,607,419,119.38 1,770,351,579.99
Less: Income tax expenses 501,508,200.19 480,859,469.45
V. Net profit (‘-’ for net loss) 1,105,910,919.19 1,289,492,110.54
Including: Net profit realized by the
entity taken over before the takeover
Net profit attributable to the
755,433,248.27 810,701,084.56
owners of parent company
Minor shareholders’ equity 350,477,670.92 478,791,025.98
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CMPD the 1st Quarterly Report 2014 (Full Text)
VI. Earnings per share: -- --
(I) Basic earnings per share 0.44 0.47
(II) Diluted earnings per share 0.44 0.47
VII. Other misc. incomes
VIII. Total of misc. incomes 1,105,910,919.19 1,289,492,110.54
Total of misc. incomes attributable
755,433,248.27 810,701,084.56
to the owners of the parent company
Total misc gains attributable to the
350,477,670.92 478,791,025.98
minor shareholders
4.4 Income Statement of the Parent Co.
Prepared by: China Merchants Property Development Co., Ltd.
Unit: RMB
Items Amount of the Current Term Amount of the Previous Term
I. Turnover 7,590,000.00
Less: Operation cost 632,269.18 533,339.20
Business tax and surcharge 425,799.00
Sales expense
Administrative expense 9,653,136.82 7,872,705.76
Financial expenses 66,606,246.26 90,186,284.11
Asset impairment loss
Plus: gains from change of fair
value (‘-’ for loss)
Investment gains (‘-’ for loss) 444,690.06 -670,801.00
Incl. Investment gains from
-602,942.82 -670,801.00
affiliates
II. Operational profit (‘-’ for loss) -76,446,962.20 -92,098,929.07
Plus: Non business income
Less: Non-business expenses 2,000.00
Incl. Loss from disposal of
non-current assets
III. Total profit (‘-’ for loss) -76,448,962.20 -92,098,929.07
Less: Income tax expenses
IV. Net profit (‘-’ for net loss) -76,448,962.20 -92,098,929.07
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CMPD the 1st Quarterly Report 2014 (Full Text)
V. Earnings per share -- --
(I) Basic earnings per share
(II) Diluted earnings per share
VI. Other misc gains
VII. Total of integrated income -76,448,962.20 -92,098,929.07
4.5 Consolidated Cash Flow Statement
Prepared by: China Merchants Property Development Co., Ltd.
Unit: RMB
Items Amount of the Current Term Amount of the Previous Term
I. Net cash flow from business
operation
Cash received from sales of
8,712,833,774.91 8,949,900,347.76
products and providing of services
Net increase of customer deposits
and capital kept for brother company
Net increase of loans from central
bank
Net increase of inter-bank loans
from other financial bodies
Cash received against original
insurance contract
Net cash received from reinsurance
business
Net increase of client deposit and
investment
Net increase of trade financial
asset disposal
Cash received as interest,
processing fee, and commission
Net increase of inter-bank fund
received
Net increase of repurchasing
business
Tax returned 10,955,527.37
Other cash received from business 1,537,028,051.18 1,088,709,883.94
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CMPD the 1st Quarterly Report 2014 (Full Text)
operation
Sub-total of cash inflow from business
10,249,861,826.09 10,049,565,759.07
activities
Cash paid for purchasing of
9,896,232,646.93 4,749,445,280.89
merchandise and services
Net increase of client trade and
advance
Net increase of savings in central
bank and brother company
Cash paid for original contract
claim
Cash paid for interest, processing
fee and commission
Cash paid for policy dividend
Cash paid to staffs or paid for
532,204,002.23 428,182,923.49
staffs
Taxes paid 1,952,624,916.54 1,316,379,429.67
Other cash paid for business
2,199,433,434.34 2,765,536,190.90
activities
Sub-total of cash outflow from business
14,580,495,000.04 9,259,543,824.95
activities
Cash flow generated by business
-4,330,633,173.95 790,021,934.12
operation, net
II. Cash flow generated by investing
Cash received from investment
retrieving
Cash received as investment profit 80,123.00
Net cash retrieved from disposal of
fixed assets, intangible assets, and other 400.00 53,220.00
long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash
received
Sub-total of cash inflow due to
400.00 133,343.00
investment activities
Cash paid for construction of fixed 12,826,776.98 14,394,647.30
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CMPD the 1st Quarterly Report 2014 (Full Text)
assets, intangible assets and other
long-term assets
Cash paid as investment 58,671,105.19 24,246,000.00
Net increase of loan against pledge
Net cash received from
5,100,000.00
subsidiaries and other operational units
Other cash paid for investment
activities
Sub-total of cash outflow due to
71,497,882.17 43,740,647.30
investment activities
Net cash flow generated by investment -71,497,482.17 -43,607,304.30
III. Cash flow generated by financing
Cash received as investment 36,788,300.00 4,000,000.00
Incl. Cash received as investment
36,788,300.00 4,000,000.00
from minor shareholders
Cash received as loans 3,445,780,180.83 7,097,703,401.23
Cash received from bond placing
Other financing-related cash
received
Subtotal of cash inflow from financing
3,482,568,480.83 7,101,703,401.23
activities
Cash to repay debts 3,579,257,370.29 1,830,420,000.00
Cash paid as dividend, profit, or
167,253,691.34 207,698,026.13
interests
Incl. Dividend and profit paid by
5,000,000.00
subsidiaries to minor shareholders
Other cash paid for financing
activities
Subtotal of cash outflow due to
3,746,511,061.63 2,038,118,026.13
financing activities
Net cash flow generated by financing -263,942,580.80 5,063,585,375.10
IV. Influence of exchange rate
22,165,455.69 -1,606,351.28
alternation on cash and cash equivalents
V. Net increase of cash and cash
-4,643,907,781.23 5,808,393,653.64
equivalents
Plus: Balance of cash and cash 24,235,680,921.50 18,239,272,247.93
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CMPD the 1st Quarterly Report 2014 (Full Text)
equivalents at the beginning of term
VI. Balance of cash and cash
19,591,773,140.27 24,047,665,901.57
equivalents at the end of term
4.6 Cash Flow Statement of the Parent Co.
Prepared by: China Merchants Property Development Co., Ltd.
Unit: RMB
Items Amount of the Current Term Amount of the Previous Term
I. Net cash flow from business
operation
Cash received from sales of
7,590,000.00
products and providing of services
Tax returned
Other cash received from business
1,061,500,174.26
operation 482,041,331.33
Sub-total of cash inflow from business
1,061,500,174.26 489,631,331.33
activities
Cash paid for purchasing of
merchandise and services
Cash paid to staffs or paid for
19,505,347.93 7,554,447.41
staffs
Taxes paid 5,945,088.42 1,022,567.49
Other cash paid for business
630,480,507.48 1,537,674,739.29
activities
Sub-total of cash outflow from business
655,930,943.83 1,546,251,754.19
activities
Cash flow generated by business
405,569,230.43 -1,056,620,422.86
operation, net
II. Cash flow generated by investing
Cash received from investment
retrieving
Cash received as investment profit 166,213,570.06
Net cash retrieved from disposal of
fixed assets, intangible assets, and other
long-term assets
Net cash received from disposal of
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CMPD the 1st Quarterly Report 2014 (Full Text)
subsidiaries or other operational units
Other investment-related cash
received
Sub-total of cash inflow due to
166,213,570.06
investment activities
Cash paid for construction of fixed
assets, intangible assets and other 1,344,750.00
long-term assets
Cash paid as investment 58,671,105.19 30,000,000.00
Net cash received from
subsidiaries and other operational units
Other cash paid for investment
activities
Sub-total of cash outflow due to
58,671,105.19 31,344,750.00
investment activities
Net cash flow generated by investment 107,542,464.87 -31,344,750.00
III. Cash flow generated by financing
Cash received as investment
Cash received as loans 1,292,230,425.01 3,750,500,000.00
Cash received from bond placing
Other financing-related cash
received
Subtotal of cash inflow from financing
1,292,230,425.01 3,750,500,000.00
activities
Cash to repay debts 2,856,945,635.00 1,176,500,000.00
Cash paid as dividend, profit, or
83,223,530.89 196,479,984.66
interests
Other cash paid for financing
activities
Subtotal of cash outflow due to
2,940,169,165.89 1,372,979,984.66
financing activities
Net cash flow generated by financing -1,647,938,740.88 2,377,520,015.34
IV. Influence of exchange rate
55,434.46 -3,201.43
alternation on cash and cash equivalents
V. Net increase of cash and cash
-1,134,771,611.12 1,289,551,641.05
equivalents
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CMPD the 1st Quarterly Report 2014 (Full Text)
Plus: Balance of cash and cash
6,296,121,745.68 5,277,807,877.29
equivalents at the beginning of term
VI. Balance of cash and cash
5,161,350,134.56 6,567,359,518.34
equivalents at the end of term
4.7 Audit Report (unaudited)
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