HaiNan Pearl River Holdings Co., Ltd. The Third Quarterly Report For 2009 (FULL TEXT)
1
HaiNan Pearl River Holdings Co., Ltd.
The Third Quarterly Report For 2009
(Full Text)
§1. Important Notes
1.1 The Board of Directors and the Supervisory Committee of HaiNan Pearl River Holdings Co.,
Ltd. (hereinafter referred to as the Company), along with all its directors, supervisors and
senior executives hereby confirm that there are no any important omissions, fictitious statements
or serious misleading information carried in this report, and shall take all responsibilities,
individual and/or joint, for the reality, accuracy and completion of the whole contents.
1.2 The Third Quarterly Financial Report 2009 of the Company has not been audited by CPAs.
1.3 Mr. Zheng Qing, Chairman of the Board as well as General Manager; Mr. Chen Binglian, Standing
Deputy General Manager as well as Person in Charge of Financing Affairs; Mr. Yang Daoliang, Manager
of the Financial Department hereby confirm that the Financial Report of the Third Quarterly Report
is true and complete.
§2. Company Profile
2.1 Main accounting highlights and financial indexes:
Unit: RMB
Sep. 30, 2009 Dec. 31, 2008 Increase/decrease scope (%)
Total assets (RMB) 1,810,647,018.13 975,122,914.20 85.68
Owners’ equities attributable to
the shareholders of listed company
(RMB)
522,822,667.09 119,086,531.85 339.03
Share capital (Share) 426,745,404.00 426,745,404.00 0.00
Net assets per share attributable
to the shareholders of listed
company (RMB/Share)
1.23 0.28 339.29
July-Sep. 2009
Increase/decreas
e over the same
period of the
last year (%)
Jan.-Sep.
2009
Increase/decreas
e over the same
period of the
last year (%)
Total operating income (RMB) 24,650,569.35 50.11%
72,688,429.9
3
26.83%
Net profit attributable to the
shareholders of listed company
(RMB)
-14,165,641.06 7.96%
70,637,761.2
5
214.11%
Net cash flow arising from
operating activities (RMB)
45,068,801.82 249.34%
81,673,206.3
0
172.26%
Net cash flow arising from
operating activities per share
(RMB/Share)
0.11 257.14% 0.19 173.08%
Basic earnings per share
(RMB/Share)
-0.03 25.00% 0.17 213.33%
Diluted earnings per share
(RMB/Share)
-0.03 25.00% 0.17 213.33%
Return on equity (%) -2.71% 8.79% 13.51% 59.78%
Return on equity after deducting
non-recurring gains and losses (%)
-3.16% 13.67% -12.01% 39.19%HaiNan Pearl River Holdings Co., Ltd. The Third Quarterly Report For 2009 (FULL TEXT)
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Unit: RMB
Items of non-recurring gains and losses
Amount from year begin to the end of
report period
Gains and losses from the disposal of non-current asset 2,467,036.57
Held transaction financial asset, gains/losses of changes of fair values
from transaction financial liabilities, and investment gains from disposal
of transaction financial asset, transaction financial liabilities and
financial asset available for sales, exclude the effective hedging
business relevant with normal operations of the Company
131,129,924.21
Other non-operating income and expenditure beside for the aforementioned
items -168,049.41
Impact of income tax
Influenced amount of minority shareholder -395.21
Total 133,428,516.16
2.2 Total number of shareholders at the end of the report period and shares held by the top ten
shareholders with unrestricted conditions
Unit: Share
Total number of shareholders
at the end of report period
48,531
Particulars about the shares held by the top ten shareholders with unrestricted conditions
Full Name of shareholder Unrestricted shares held Type of shares
Yang Bochen 4,089,835 RMB common share
Gu Hongjuan 3,019,800 RMB common share
Yang Jianzhong 2,600,000 RMB common share
Wang Shuxia 2,047,641 RMB common share
Zhang Xiaoxia 1,949,250 Domestically listed foreign share
Guo Hetian 1,800,037 RMB common share
Fan Jun 1,210,120 RMB common share
HOLY TIME GROUP LIMITED 1,170,000 Domestically listed foreign share
GUANGZHOU PEARL RIVER INDUSTRIAL
(GROUP) CO., LTD.
1,150,000 RMB common share
Chen Yunxuan 1,143,368 RMB common shareHaiNan Pearl River Holdings Co., Ltd. The Third Quarterly Report For 2009 (FULL TEXT)
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§3. Significant events
3.1 Particulars about material changes in items of main accounting statement and financial index,
and explanations of reasons
√Applicable □Inapplicable
Item
Jan. to Sep., 2
009
Jan. to Sep.,
2008
Change (%) Main reason for change
Sales expense 12,479,742 9,383,880 32.99
Pre-sale expense for Wuhan Phase II
Project has increased
Investment income 131,129,924 0
Income from auctioning part equities of
Southwest Securities
Non-operating income 2,518,994 7,179,059 -64.91
A great amount of moving subsidy was
obtained in the same period of last year
Net profit 68,782,624 -63,620,329 208.11
A great amount of income was obtained
from transferring part equities of
Southwest Securities
Other consolidated
income
333,098,374 0
Change of fair value of stocks of
Southwest Securities
Net cash flow arising
from operating
activities
81,673,206 -113,026,259 172.26
Accounts received from pre-sale of Wuhan
Phase II Project has increased, input
for development has decreased
Net cash flow arising
from investment
activities
-7,609,823 -27,020,205 71.84
Accounts paid for construction of Sanya
Hotel and other fixed assets have
decreased
Net cash flow arising
from financing
activities
241,528,979 51,687,477 367.29
Capital borrowed from financial
institutions and actual controllers has
increased
Item
Sep. 30 of
2009
Dec, 31 of
2008
Change (%) Main reason for change
Monetary capital 352,247,898 36,655,536 860.97
Capital borrowed from financial
institutions and actual controllers,
and accounts received from pre-sale of
Wuhan Phase II Project have all
increased
Account paid in
advance
48,783,305 28,251,518 72.67
Accounts paid in advance for Wuhan
Phase-II Project have increased
Financial assets
available for sale
469,490,000 0
Stocks of Southwest Securities were
reclassified as financial assets
available for sale
Long-term equity
investment
13,153,951
81,154,403.00
-83.79
Stocks of Southwest Securities were
reclassified as financial assets
available for sale
Short-term loans 221,320,000
24,000,000.00
822.17
Capital borrowed from financial
institutions has increased
Account received in
advance
397,472,614 142,957,606 178.04
Accounts received from pre-sale of Wuhan
Phase II Project have increased
Tax payables -21,558,851 2,503,332 -961.21
Tax relating to accounts received from
pre-sale of Wuhan Phase II Project was
paid
Other payables 279,504,473 403,308,366 -30.70
Returned borrowing RMB 130 million to
Chongqing Putian Company
Long-term loans 210,000,000 157,000,000 33.76
Capital borrowed from financial
institutions has increased
Deferred income tax
liabilities
93,931,250 0
Change of fair value of stocks of
Southwest Securities
Capital reserve 667,358,531 334,260,157 99.65
Change of fair value of stocks of
Southwest SecuritiesHaiNan Pearl River Holdings Co., Ltd. The Third Quarterly Report For 2009 (FULL TEXT)
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3.2 Progress of significant events, their influences, and analysis and explanation of their
solutions
□Applicable √Inapplicable
3.3 Implementations of commitments by the Company, shareholders and actual controller
□Applicable √Inapplicable
3.4 Estimation of accumulative net profit from the beginning of the year to the end of next report
period to be loss probably or the warning of its material change compared with the corresponding
period of the last year and explanation of reason
□Applicable √Inapplicable
3.5 Particulars about the other significant events which needed explanations
(1) In the report period, the Company neither provided capital for controlling shareholders or related parties,
nor disobeyed regulations and procedure to provide external guarantee;
(2) In the report period, the Company had no securities investment.
(3) In the report period, the Company did not sign any significant contracts.
3.5.1 Activities on receiving research, communication and interview in the report period
□Applicable √Inapplicable
3.6 Particulars about derivatives investment
□Applicable √Inapplicable
3.6.1 Particulars about the positions of derivatives investment at the end of report period
□Applicable √Inapplicable
Legal representative: Zheng Qing
HaiNan Pearl River Holdings Co., Ltd.
October 30, 2009HaiNan Pearl River Holdings Co., Ltd. The Third Quarterly Report For 2009 (FULL TEXT)
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Balance Sheet
Sep. 30, 2009
Prepared by HaiNan Pearl River Holdings Co., Ltd. Unit: RMB
Amount at period-end Amount at year-begin
Items
Consolidation Parent Company Consolidation Parent Company
Current assets:
Monetary funds 352,247,898.36 298,780,039.41 36,655,536.17 4,869,795.27
Settlement provisions
Capital lent
Transaction finance
asset
Notes receivable
Accounts receivable 3,625,454.11 1,162,221.86 4,129,361.34 2,675,761.66
Accounts paid in advance 48,783,304.74 61,020.00 28,251,517.83 -
Insurance receivable
Reinsurance receivables
Contract reserve of
reinsurance receivable
Interest receivable
Dividend receivable 260,015.00 260,015.00 260,015.00 260,015.00
Other receivables 35,987,853.32 57,858,491.27 33,822,326.10 60,334,145.29
Purchase restituted
finance asset
Inventories 566,000,811.89 83,971,672.40 454,982,865.16 81,860,455.91
Non-current asset
due within one year
Other current assets
Total current assets 1,006,905,337.42 442,093,459.94 558,101,621.60 150,000,173.13
Non-current assets:
Granted loans and
advances
Finance asset available
for sales 469,490,000.00 469,490,000.00
Held-to-maturity
investment
Long-term account
receivable
Long-term equity
investment 13,153,951.24 213,511,309.90 81,154,403.04 269,511,761.70
Investment property 21,004,837.32 21,668,361.96
Fixed assets 267,071,507.12 20,867,381.15 280,665,887.45 22,340,376.54
Construction in
progress - - - -
Engineering material 606,206.60 - 606,206.60
Disposal of fixed
asset
Productive
biological asset
Oil and gas asset
Intangible assets 32,242,215.45 1,707,947.43 32,926,433.55 1,743,695.16
Expense on Research
and Development
Goodwill
Long-term expenses
to be apportioned 172,962.98
Deferred income tax
asset
Other non-current
asset
Total non-current asset 803,741,680.71 705,576,638.48 417,021,292.60 293,595,833.40
Total assets 1,810,647,018.13 1,147,670,098.42 975,122,914.20 443,596,006.53
Legal Representative: Zheng Qing Person in Charge of Accounting Works: Chen Binglian
Person in Charge of Accounting Institution: Yang DaoliangHaiNan Pearl River Holdings Co., Ltd. The Third Quarterly Report For 2009 (FULL TEXT)
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Balance Sheet
Sep. 30, 2009
Prepared by HaiNan Pearl River Holdings Co., Ltd. Unit: RMB
Amount at period-end Amount at year-begin
Items
Consolidation Parent Company Consolidation Parent Company
Current liabilities:
Short-term loans 221,320,000.00 221,320,000.00 24,000,000.00 24,000,000.00
Loan from central bank
Absorbing deposit and
interbank deposit
Capital borrowed
Transaction financial
liabilities
Notes payable
Accounts payable 23,100,296.39 4,135,235.24 32,924,422.72 4,200,330.44
Accounts received in advance 397,472,614.22 - 142,957,606.19 36,167.00
Selling financial asset of
repurchase
Commission charge and
commission payable
Wage payable 3,269,125.67 398,600.23 4,026,386.21 957,127.11
Taxes payable -21,558,850.85 -3,563,907.27 2,503,332.27 -2,087,904.47
Interest payable 68,108,142.42 32,484,936.47 69,783,831.76 40,928,604.71
Dividend payable 3,213,302.88 3,213,302.88 3,213,302.88 3,213,302.88
Other accounts payable 279,504,473.48 227,810,355.68 403,308,365.93 240,018,631.52
Reinsurance payables
Insurance contract reserve
Security trading of agency
Security sales of agency
Non-current liabilities due
within 1 year - - 5,000,000.00 -
Other current liabilities
Total current liabilities 974,429,104.21 485,798,523.23 687,717,247.96 311,266,259.19
Non-current liabilities:
Long-term loans 210,000,000.00 157,000,000.00
Bonds payable
Long-term account payable
Special accounts payable
Projected liabilities
Deferred income tax
liabilities 93,931,250.00 93,931,250.00
Other non-current
liabilities
Total non-current liabilities 303,931,250.00 93,931,250.00 157,000,000.00 -
Total liabilities 1,278,360,354.21 579,729,773.23 844,717,247.96 311,266,259.19
Owner’s equity (or
shareholders’ equity):
Paid-in capital (or share
capital) 426,745,404.00 426,745,404.00 426,745,404.00 426,745,404.00
Capital public reserve 667,358,530.97 670,374,870.51 334,260,156.98 337,276,496.52
Less: Inventory shares
Surplus public reserve 114,177,485.88 109,487,064.39 114,177,485.88 109,487,064.39
Provision of general risk
Retained profit -685,458,753.76 -638,667,013.71 -756,096,515.01 -741,179,217.57
Balance difference of
foreign currency translation
Total owner’s equity
attributable to parent company 522,822,667.09 567,940,325.19 119,086,531.85 132,329,747.34
Minority interests 9,463,996.83 11,319,134.39
Total owner’s equity 532,286,663.92 567,940,325.19 130,405,666.24 132,329,747.34
Total liabilities and owner’s
equity 1,810,647,018.13 1,147,670,098.42 975,122,914.20 443,596,006.53
Legal Representative: Zheng Qing Person in Charge of Accounting Works: Chen Binglian
Person in Charge of Accounting Institution: Yang DaoliangHaiNan Pearl River Holdings Co., Ltd. The Third Quarterly Report For 2009 (FULL TEXT)
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Profit Statement
Jan.-Sep. 2009
Prepared by HaiNan Pearl River Holdings Co., Ltd. Unit: RMB
This period The same period of last year
Items
Consolidation Parent Company Consolidation Parent Company
I. Total operating income 72,688,429.93 260,925.00 57,311,295.01 -12,887.84
Including: Operating income 72,688,429.93 260,925.00 57,311,295.01 -12,887.84
Interest income
Insurance gained
Commission charge and commission income
II. Total operating cost 137,040,284.18 28,662,613.32 127,423,474.72 24,788,250.81
Including: Operating cost 58,169,541.66 50,981.50 51,265,599.44 208,046.94
Interest expense
Commission charge and commission
expense
Cash surrender value
Net amount of expense of compensation
Net amount of withdrawal of insurance
contract reserve
Bonus expense of guarantee slip
Reinsurance expense
Operating tax and extras 4,038,496.52 -205,214.38 3,692,047.36 -708.83
Sales expenses 12,479,741.81 96,843.00 9,383,880.27 23,525.14
Administration expenses 36,203,087.95 10,412,806.74 36,994,096.10 7,958,234.84
Financial expenses 21,863,011.83 14,044,818.73 22,498,271.15 13,003,758.33
Losses of devaluation of asset 4,286,404.41 4,262,377.73 3,589,580.40 3,595,394.39
Add: Changing income of fair value(Loss
is listed with “-”) -
Investment income (Loss is listed with
“-”) 131,129,924.21 131,129,924.21
Including: Investment income on
affiliated company and joint venture -
Exchange income (Loss is listed with
“-”)
III. Operating profit (Loss is listed with
“-”) 66,778,069.96 102,728,235.89 -70,112,179.71 -24,801,138.65
Add: Non-operating income 2,518,993.95 - 7,179,059.08 -
Less: Non-operating expense 220,006.79 216,032.03 650,863.94 5,402.50
Including: Disposal loss of non-current
asset 27,500.00 27,500.00 9,819.10 5,402.50
IV. Total Profit (Loss is listed with
“-”) 69,077,057.12 102,512,203.86 -63,583,984.57 -24,806,541.15
Less: Income tax expense
294,433.43 -
36,344.43 -
V. Net p rofit (Net loss is listed with “ -”) 68,782,623.69 102,512,203.86 -63,620,329.00 -24,806,541.15
Net profit attributable to owner’s of
parent company 70,637,761.25 -61,902,843.25
Minority shareholders’ gains and losses -1,855,137.56 -1,717,485.75
VI. Earnings per share
i. Basic earnings per share 0.17 -0.15
ii. Diluted earnings per share 0.17 -0.15
VII. Other consolidated income 333,098,373.99 333,098,373.99 - -
VIII. Total consolidated income 401,880,997.68 435,610,577.85 -63,620,329.00 -24,806,541.15
Including: Total consolidated income
attributable to owners of parent company 403,736,135.24 -61,902,843.25
Total consolidated income attributable to
minority shareholders -1,855,137.56 -1,717,485.75
Legal Representative: Zheng Qing Person in Charge of Accounting Works: Chen Binglian
Person in Charge of Accounting Institution: Yang DaoliangHaiNan Pearl River Holdings Co., Ltd. The Third Quarterly Report For 2009 (FULL TEXT)
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Profit Statement
July-Sep. 2009
Prepared by HaiNan Pearl River Holdings Co., Ltd. Unit: RMB
This period The same period of last year
Items
Consolidation Parent Company Consolidation Parent Company
I. Total operating income 24,650,569.35 66,930.00 16,421,419.61 -529,441.59
Including: Operating income 24,650,569.35 66,930.00 16,421,419.61 -529,441.59
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 41,529,457.76 4,822,496.96 39,630,088.06 7,114,285.45
Including: Operating cost 19,933,791.07 16,993.83 14,807,992.66 -
Interest expense
Commission charge and
commission expense
Cash surrender value
Net amount of expense of
compensation
Net amount of withdrawal of
insurance contract reserve
Bonus expense of guarantee slip
Reinsurance expense
Operating tax and extras 1,634,406.87 3,683.36 959,210.35 -29,119.29
Sales expenses 3,954,944.17 89,534.00 4,725,139.00 23,525.14
Administration expenses 13,006,338.49 4,424,107.20 11,607,143.81 2,808,623.67
Financial expenses 6,111,852.42 3,358,147.99 7,566,636.81 4,342,390.10
Losses of devaluation of asset -3,111,875.26 -3,069,969.42 -36,034.57 -31,134.17
Add: Changing income of fair
value(Loss is listed with “-”)
Investment income (Loss is
listed with “-”)
Including: Investment income
on affiliated company and joint
venture
Exchange income (Loss is listed
with “-”)
III. Operating profit (Loss is
listed with “-”) -16,878,888.41 -4,755,566.96 -23,208,668.45 -7,643,727.04
Add: Non-operating income 2,365,871.78 - 7,148,714.06 -
Less: Non-operating expense 987.74 - 22,037.96 -
Including: Disposal loss of
non-current asset - - 22,037.96 -
IV. Total Profit (Loss is listed
with “-”) -14,514,004.37 -4,755,566.96 -16,081,992.35
-7,643,727.04
Less: Income tax expense 242,095.25 - 9,177.13 -
V. Net profit (Net loss is listed
with “-”) -14,756,099.62 -4,755,566.96 -16,091,169.48 -7,643,727.04
Net profit attributable to
owner’s of parent company -14,165,641.06 -15,391,123.82
Minority shareholders’ gains
and losses -590,458.56 -700,045.66
VI. Earnings per share
i. Basic earnings per share -0.03 -0.04
ii. Diluted earnings per share -0.03 -0.04
VII. Other consolidated income -80,797,500.00 -80,797,501.00 - -
VIII. Total consolidated income -95,553,599.62 -85,553,067.96 -16,091,169.48 -7,643,727.04
Including: Total consolidated
income attributable to owners of
parent company -94,963,141.06 -15,391,123.82
Total consolidated income
attributable to minority
shareholders -590,458.56 -700,045.66
Legal Representative: Zheng Qing Person in Charge of Accounting Works: Chen Binglian
Person in Charge of Accounting Institution: Yang DaoliangHaiNan Pearl River Holdings Co., Ltd. The Third Quarterly Report For 2009 (FULL TEXT)
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Cash Flow Statement
Jan.-Sep. 2009
Prepared by HaiNan Pearl River Holdings Co., Ltd. Unit: RMB
This period The same period of last year
Items
Consolidation Parent Company Consolidation Parent Company
I. Cash flows arising from operating activities:
Cash received from selling commodities and
providing labor services 322,770,087.33 1,796,479.00 108,288,671.68 9,045,448.50
Net increase of customer deposit and
interbank deposit
Net increase of loan from central bank
Net increase of capital borrowed from other
financial institution
Cash received from original insurance
contract fee
Net cash received from reinsurance business
Net increase of insured savings and
investment
Net increase of disposal of transaction
financial asset
Cash received from interest, commission
charge and commission
Net increase of capital borrowed
Net increase of returned business capital
Write-back of tax received
Other cash received concerning operating
activities 11,921,658.30 6,288,346.54 14,242,917.28 2,454,800.13
Subtotal of cash inflow arising from
operating activities 334,691,745.63 8,084,825.54 122,531,588.96 11,500,248.63
Cash paid for purchasing commodities and
receiving labor service 161,957,480.49 1,984,729.33 168,389,403.35 3,937,168.96
Net increase of customer loans and advances
Net increase of deposits in central bank and
interbank
Cash paid for original insurance contract
compensation
Cash paid for interest, commission charge
and commission
Cash paid for bonus of guarantee slip
Cash paid to/for staff and workers 43,165,659.54 3,181,120.48 32,668,436.27 2,751,595.21
Taxes paid 30,837,883.74 1,947,239.02 17,741,622.26 708,117.59
Other cash paid concerning operating
activities 17,057,515.56 12,960,391.96 16,758,386.38 4,588,349.33
Subtotal of cash outflow arising from
operating activities 253,018,539.33 20,073,480.79 235,557,848.26 11,985,231.09
Net cash flows arising from operating
activities 81,673,206.30 -11,988,655.25 -113,026,259.30 -484,982.46
II. Cash flows arising from investing
activities:
Cash received from recovering investment 4,115,779.83 4,115,779.83 - -
Cash received from investment income
Net cash received from disposal of fixed,
intangible and other long-term assets 65,198.31 - 78,690.00 1,250.00
Net cash received from disposal of
subsidiaries and other units 70,000.00 - - -
Other cash received concerning investing
activities
Subtotal of cash inflow from investing
activities 4,250,978.14 4,115,779.83 78,690.00 1,250.00
Legal Representative: Zheng Qing Person in Charge of Accounting Works: Chen Binglian
Person in Charge of Accounting Institution: Yang DaoliangHaiNan Pearl River Holdings Co., Ltd. The Third Quarterly Report For 2009 (FULL TEXT)
10
Cash Flow Statement
Jan.-Sep. 2009
Prepared by HaiNan Pearl River Holdings Co., Ltd. Unit: RMB
This period The same period of last year
Items
Consolidation Parent Company Consolidation Parent Company
Cash paid for purchasing fixed,
intangible and other long-term assets 11,860,801.02 37,966.00 27,098,895.33 1,357,994.00
Cash paid for investment
-
12,000,000.00
-
-
Net increase of mortgaged loans
Net cash received from subsidiaries and
other units
-
-
-
-
Other cash paid concerning investing
activities
-
-
-
-
Subtotal of cash outflow from investing
activities 11,860,801.02 12,037,966.00 27,098,895.33 1,357,994.00
Net cash flows arising from investing
activities -7,609,822.88 -7,922,186.17 -27,020,205.33 -1,356,744.00
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
-
-
-
-
Including: Cash received from
absorbing minority shareholders’
investment by subsidiaries
Cash received from loans
427,850,000.00 317,850,000.00 89,030,000.00 13,700,000.00
Cash received from issuing bonds
Other cash received concerning
financing activities
-
-
-
-
Subtotal of cash inflow from financing
activities
427,850,000.00
317,850,000.00
89,030,000.00
13,700,000.00
Cash paid for settling debts
178,180,000.00
2,680,000.00
25,500,000.00
10,500,000.00
Cash paid for dividend and profit
distributing or interest paying
8,073,196.23
1,281,089.44
11,839,881.64
2,265,175.26
Including: Dividend and profit of
minority shareholder paid by subsidiaries
Other cash paid concerning financing
activities
67,825.00
67,825.00
2,641.00
2,641.00
Subtotal of cash outflow from financing
activities
186,321,021.23
4,028,914.44
37,342,522.64
12,767,816.26
Net cash flows arising from financing
activities
241,528,978.77
313,821,085.56
51,687,477.36
932,183.74
IV. Influence on cash and cash equivalents
due to fluctuation in exchange rate
V. Net increase of cash and cash equivalents
315,592,362.19 293,910,244.14 -88,358,987.27 -909,542.72
Add: Balance of cash and cash
equivalents at the period -begin 36,655,536.17 4,869,795.27 110,933,403.84 2,188,333.46
VI. Balance of cash and cash equivalents at
the period -end 352,247,898.36 298,780,039.41 22,574,416.57 1,278,790.74
Legal Representative: Zheng Qing Person in Charge of Accounting Works: Chen Binglian
Person in Charge of Accounting Institution: Yang Daoliang
