HAINAN PEARL RIVER HOLDINGS CO., LTD.
THE THIRD QUARTERLY REPORT 2012
I. Important Notes
The Board of Directors, the Supervisory Committee, directors, supervisors and other senior management
personnel of Hainan Pearl River Holdings Co., Ltd. (hereinafter referred to as the Company) hereby guarantee that
this report carries no false information, misleading statements or major omissions, and accept, individually and
collectively, the responsibility for the factuality, accuracy and completeness of the information set forth herein.
All directors attended the board session for reviewing this report.
Mr. Zheng Qing, Principal of the Company, Mr. Chen Binglian, Person in charge of accounting work and Mr.
Yang Daoliang, Person in charge of accounting organ (Financial Manager) hereby confirmed that the Financial
Report enclosed in the third quarterly report is true and complete.
II. Company Profile
（I）Major accounting data and financial indexes
Any retrospective adjustment in previous financial statements?
□ Yes √ No □ Inapplicable
30 Sept. 2012 31 Dec. 2011 Increase/decrease (%)
Total assets (RMB Yuan) 1,515,375,323.90 1,311,949,739.44 15.51%
Owners’ equity attributable to
shareholders of the Company 304,833,015.75 373,004,748.20 -18.28%
(RMB Yuan)
Share capital (Share) 426,745,404.00 426,745,404.00 0%
Net assets per share
attributable to shareholders of
0.71 0.87 -18.39%
the Company (RMB
Yuan/share)
YoY increase/decrease YoY increase/decrease
Jul.-Sept. 2012 Jan.-Sept. 2012
(%) (%)
Gross operating revenues
41,396,363.51 11.84% 149,738,319.71 -17.41%
(RMB Yuan)
Net profit attributable to
shareholders of the Company -41,048,615.60 -124.43% -78,783,414.04 -136.36%
(RMB Yuan)
Net cash flow from operating
-- -- -70,155,511.08 -47.21%
activities (RMB Yuan)
Net cash flow per share from
operating activities (RMB -- -- -0.16 -45.45%
Yuan/share)
Basic EPS (RMB Yuan/share) -0.1 -150% -0.18 -125%
Diluted EPS (RMB
-0.1 -150% -0.18 -125%
Yuan/share)
Weighted average ROE (%) -11.86% -7.91% -23.25% -16.13%
Weighted average ROE after
deducting non-recurring gains -11.98% -5.72% -29.65% -15.97%
and losses (%)
Items of non-recurring gains and losses
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√Applicable □Inapplicable
Amount during
Item Jan.-Sept. 2012 (RMB Notes
Yuan)
Gains and losses on disposal of non-current assets 141,821.50
Tax rebate, reduction or exemption due to un-authorized
approval or the lack of formal approval documents
Government grants recognized in the current year, except
for those acquired in the ordinary course of business or
granted at certain quotas or amounts according to the
country’s unified standards
Capital occupation fees received from non-financial
3,177,103.41
enterprises that are included in current gains and losses
Gains generated when the investment costs of the
Company’s acquiring subsidiaries, associates and joint
ventures are less than the fair value of identifiable net assets
in the investees attributable to the Company in the
acquisition of the investments
Exchange gains and losses of non-monetary assets
Gains and losses through entrusting others to invest or
manage assets
Various asset impairment provisions due to acts of God such
as natural disasters
Gains and losses on debt restructuring
Enterprise reorganization expenses, such as expenses on
employee settlement and integration
Gains and losses on the parts exceeding the fair value when
prices of transactions become unfair
Net current gains and losses from the period-begin to the
combination date of subsidiaries due to business
combinations under the same control
Gains and losses on contingent matters which are irrelevant
to the normal operation of the Company
Gains and losses on fair value changes of transactional
financial assets and liabilities, and investment gains on
disposal of transactional financial assets and liabilities and 18,542,755.18
available-for-sale financial assets, except for the effective
hedging business related to the Company’s normal operation
Reversal of impairment provisions for accounts receivable
which are separately tested for impairment signs
Gains and losses on entrustment loans from external parties
Gains and losses on fair value changes of investing
properties for which the fair value method is adopted for
subsequent measurement
Current gain and loss effect due to a just-for-once
adjustment to current gains and losses according to
requirements of taxation and accounting laws and
regulations
Custodian fee income from entrusted operations with the
Company
Other non-operating incomes and expenses besides the
-110,231.11
items above
Other gain and loss items that meet the definition of
non-recurring gains and losses
Minority interests effects -12,018.97
Income tax effects -33,764.85
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Total 21,705,665.16 --
“Other gain and loss items that meet the definition of non-recurring gains and losses” & non-recurring gain and
loss items recognized as recurring gain and loss items according to the natures and characteristics of the
Company’s normal business
Involved amount (RMB
Item Notes
Yuan)
（II）Total number of shareholders and top 10 shareholders at the period-end
Total number of shareholders 42,262
Particulars about shares held by the top ten shareholders holding tradable shares
Number of tradable shares held Type and number of shares
Name of shareholder
at period-end Type Number
Beijing Wanfa Real Estate
112,479,478 RMB ordinary shares 112,479,478
Development Co., Ltd.
Chen Yunxuan 2,171,922 RMB ordinary shares 2,171,922
Fu Biao 2,142,951 RMB ordinary shares 2,142,951
Domestically listed foreign
Xiao Gengning 2,021,653 2,021,653
shares
Domestically listed foreign
Zhang Xiaoxia 1,949,250 1,949,250
shares
Ou Lei 1,500,000 RMB ordinary shares 1,500,000
Nanhua Finance Co., Ltd. 1,299,500 RMB ordinary shares 1,299,500
Zeng Ping 1,280,000 RMB ordinary shares 1,280,000
Zhang Huisheng 1,209,968 RMB ordinary shares 1,209,968
Huang Yueling 1,174,900 RMB ordinary shares 1,174,900
Among shareholders above, there exists no related-party relationship between the
principal shareholder and other shareholders of the Company. Nor they are parties with
concerted action as prescribed in the Information Disclosure Administrative Methods for
Particulars about shareholders
Changes in Shareholding of Shareholders of Listed Companies. And it is unknown
whether there exists related-party relationship among other shareholders and whether
they are prescribed parties with concerted action.
III. Significant Events
（I）Significant changes in major accounting data, financial highlights and reasons for these
changes
√Applicable □Inapplicable
Significant changes in major accounting data, financial highlights and reasons for these changes
Increase/decrease
Items 30 Sept. 2012 31 Dec. 2011 (%) Main reasons for change
Monetary funds 150,341,686.11 52,507,843.73 186.32% Increase of cash from borrowings
Property service and hotel
Accounts receivable 11,853,741.98 7,047,354.39 68.20% incomes of subsidiaries increased.
Increase of prepayments for the
construction of the Snow Village
Prepayments 148,212,551.27 76,803,784.89 92.98% project
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The financing consulting fee paid
Long-term deferred to Chongqing International Trust
expenses 29,404,970.27 10,069,867.95 192.01% Co., Ltd.
The Company secured a one-year
Short-term borrowing from Chongqing
borrowings 210,000,000.00 45,000,000.00 366.67% International Trust Co., Ltd.
Taxes and fares
payable 1,057,814.19 3,581,099.43 -70.46% Payment of taxes and fares
Non-current The borrowing from Chongqing
liabilities due within International Trust Co., Ltd. was
one year 12,500,000.00 232,000,000.00 -94.61% paid off.
The Company secured a two-year
borrowing from Chongqing
International Trust Co., Ltd. and a
long-term borrowing from the
Long-term Mudan River branch of China
borrowings 352,500,000.00 81,000,000.00 335.19% Construction Bank.
Bonuses of the subsidiary Hubei
Hubei Pearl River Real Estate
Minority interests 13,890,223.35 26,674,626.16 -47.93% Development Co., Ltd.
Increase/decrease
Items Jan.-Sept. 2012 Jan.-Sept. 2011 (%) Main reasons for change
Business taxes and Decrease of real estate sales
surtaxes 11,301,987.61 19,919,004.71 -43.26% income
Increase of the sales staff and the
Selling expenses 6,705,935.94 4,402,530.39 52.32% salaries for them
The consolidation scope expanded
Administrative and the labor and amortization
expenses 78,446,279.78 57,713,451.85 35.92% costs increased.
Increase of borrowings and
Financial expenses 47,616,949.88 29,180,612.10 63.18% decrease of interest income
Some accounts receivable were
Asset impairment settled, which reversed the
loss -8,082,061.18 1,841,485.18 -538.89% relevant bad-debt provisions.
Profit decrease of the subsidiary
Hubei Pearl River Real Estate
Income tax expenses 1,872,560.35 6,016,502.51 -68.88% Development Co., Ltd.
Fair value changes and some
Other disposal of available-for-sale
comprehensive financial assets (shares of
income 10,611,681.59 -25,186,875.00 142.13% Southwest Securities)
Net cash flows from Decrease of real estate sales
operating activities -70,155,511.08 -47,655,272.57 -47.21% income
Net cash flows from Increase of cash paid to acquire
investing activities -64,689,197.79 -21,309,942.92 -203.56% fixed assets
Net cash flows from
financing activities 232,678,551.25 -16,797,909.82 1485.16% Increase of cash from borrowings
（II）Progress of significant events and its influence, as well as the analysis and explanation on
solutions
1. About non-standard audit opinion
□Applicable √Inapplicable
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2. The Company offers capital to the controlling shareholder or its related parties or provides
external guarantees in violation of the prescribed procedures.
□Applicable √Inapplicable
3. Signing and execution of significant contracts concerning routine operation
√Applicable □Inapplicable
The Company signed the Loan Contract (Contract No.: CQXT[DK] Zi No. 2012342), Mortgage Guarantee
Contract (Contract No.: CQXT [DY] Zi No. 2012343), Natural Person Guarantee Contract (Contract No.: CQXT
[BZ] Zi No. 2012345) and Financial Adviser Agreement (Contract No.: CQXT [DK] Zi No. 2012346) with
Chongqing International Trust Co., Ltd. (hereinafter referred to as “Chongqing Trust”), the Company borrowed
RMB 250 million from Chongqing International Trust Co., Ltd. with a period of two years, paying the interest and
relevant financial costs at an annual rate of 16.07%. The loan was offered twice, RMB 168 million was offered for
the first time, and the remained RMB 82 million was offered according to the needs of the Company after the
application of the borrower and with the approval of Chongqing Trust. The Company provided the second priority
mortgage guarantee with its three villas located at No. 13 Heng Road West, Haipo Development Zone, Sanya Bay
Road, Sanya, Hainan, which is such property ownership of a construction area of 1513.11 ㎡ and the relevant
distributed land use right of an area of 25646.19 ㎡; the Company’s wholly-owned subsidiary— Sanya Wanjia
Hotel Management Co., Ltd. provided the second priority mortgage guarantee with its legally owned Days Hotel
& Suites Sanya Resort located at No. 13 Heng Road West, Haipo Development Zone, Sanya Bay Road, Sanya,
Hainan, which is such property ownership of a construction area of 25646.19 ㎡ and the relevant distributed land
use right of an area of 30780.07 ㎡; and the legal representative of the Company provided the joint liability
guarantee to Chongqing Trust for performing its repayment obligations; the loan will be used for the fine
decoration of the main building of Days Hotel & Suites Sanya Resort and three villas as well as paying the loan of
Sanya Wanjia Hotel Management Co., Ltd. due to Haikou Yeshumen Subbranch of Bank of China.
For details, please refer to public notice published on China Securities Journal, Ta Kung Pao and
http://www.cninfo.com.cn/ dated on 28 Sept. 2012.
4. Others
□Applicable √Inapplicable
（III）Commitments of the Company or shareholders with an over 5% shareholding made in or carried
down into the reporting period
□Applicable √Inapplicable
（IV）Predict the 2012 annual operating results
Warnings of possible loss or large-margin change of the accumulated net profit made during the period from the
beginning of the year to the end of the next reporting period compared with the same period of the last year
according to prediction, as well as explanations on the reasons
□Applicable √Inapplicable
（V）Other significant events that need to be explained
1. Securities investment
□Applicable √Inapplicable
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2. Investments in derivatives
□Applicable √Inapplicable
3. Derivative investments held at the period-end
□Applicable √Inapplicable
4. Researches, visits and interviews received in the reporting period
□Applicable √Inapplicable
5. Corporate bonds issued
Any corporate bonds issued?
□ Yes √ No
Chairman of the Board of Directors: Zheng Qing
HaiNan Pearl River Holdings Co., Ltd.
29 October 2012
IV. Appendix
(I) Financial statements
Consolidated statements or not?
√ Yes □ No □ Inapplicable
The currency unit for data of the financial statements below is RMB Yuan unless otherwise specified.
1. Consolidated balance sheet
Prepared by Hainan Pearl River Holdings Co., Ltd.
Unit: RMB Yuan
Item Balance as at 30 Sept. 2012 Balance as at 30 Jun. 2012
Current Assets:
Monetary funds 150,341,686.11 52,507,843.73
Settlement reserves
Intra-group lendings
Transactional financial assets
Notes receivable
Accounts receivable 11,853,741.98 7,047,354.39
Accounts paid in advance 148,212,551.27 76,803,784.89
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract reserves
Interest receivable
Dividend receivable 260,015.00 260,015.00
Other accounts receivable 302,946,150.24 305,101,592.12
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Financial assets purchased under
agreements to resell
Inventories 108,978,036.82 118,087,721.51
Non-current assets due within 1 year
Other current assets
Total current assets 722,592,181.42 559,808,311.64
Non-current assets:
Loans by mandate and advances granted
Available-for-sale financial assets 299,669,450.00 286,947,500.00
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 51,173,377.92 51,861,567.21
Investing property 25,600,391.86 26,736,246.75
Fixed assets 335,782,442.25 325,412,316.44
Construction in progress 18,664,560.79 17,949,172.88
Engineering materials 606,206.60 606,206.60
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 31,881,742.79 32,558,549.97
R&D expense
Goodwill
Long-term deferred expenses 29,404,970.27 10,069,867.95
Deferred income tax assets
Other non-current assets
Total of non-current assets 792,783,142.48 752,141,427.80
Total assets 1,515,375,323.90 1,311,949,739.44
Current liabilities:
Short-term borrowings 210,000,000.00 45,000,000.00
Borrowings from Central Bank
Customer bank deposits and due to
banks and other financial institutions
Intra-group borrowings
Transactional financial liabilities
Notes payable
Accounts payable 18,660,508.46 22,624,982.35
Accounts received in advance 17,413,826.34 19,556,674.90
Financial assets sold for repurchase
Handling charges and commissions
payable
Employee’s compensation payable 7,028,370.24 6,909,929.01
Tax payable 1,057,814.19 3,581,099.43
Interest payable 104,881,965.71 99,701,134.38
Dividend payable 3,213,302.88 3,213,302.88
Other accounts payable 415,549,115.68 349,335,603.33
Reinsurance premiums payable
Insurance contract reserves
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Payables for acting trading of securities
Payables for acting underwriting of
securities
Non-current liabilities due within 1 year 12,500,000.00 232,000,000.00
Other current liabilities
Total current liabilities 790,304,903.50 781,922,726.28
Non-current liabilities:
Long-term borrowings 352,500,000.00 81,000,000.00
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities 53,847,181.30 49,347,638.80
Other non-current liabilities
Total non-current liabilities 406,347,181.30 130,347,638.80
Total liabilities 1,196,652,084.80 912,270,365.08
Owners’ equity (or shareholders’ equity)
Paid-up capital (or share capital) 426,745,404.00 426,745,404.00
Capital reserves 541,063,337.56 530,451,655.97
Less: Treasury stock
Specific reserves
Surplus reserves 109,487,064.39 109,487,064.39
Provisions for general risks
Retained profits -772,462,790.20 -693,679,376.16
Foreign exchange difference
Total equity attributable to owners of the
304,833,015.75 373,004,748.20
Company
Minority interests 13,890,223.35 26,674,626.16
Total owners’ (or shareholders’) equity 318,723,239.10 399,679,374.36
Total liabilities and owners’ (or
1,515,375,323.90 1,311,949,739.44
shareholders’) equity
Legal representative: Zheng Qing Person-in-charge of the accounting work: Chen Binglian
Chief of the accounting division: Yang Daoliang
2. Balance sheet of the Company
Prepared by Hainan Pearl River Holdings Co., Ltd.
Unit: RMB Yuan
Item Balance as at 30 Sept. 2012 Balance as at 30 Jun. 2012
Current Assets:
Monetary funds 3,491,391.61 515,955.59
Transactional financial assets
Notes receivable
Accounts receivable 2,153,602.37 1,233,403.30
Accounts paid in advance 50,565,000.00 50,000,000.00
Interest receivable
Dividend receivable 260,015.00 260,015.00
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Other accounts receivable 606,005,552.02 401,353,832.36
Inventories 4,824,035.45 4,824,035.45
Non-current assets due within 1 year
Other current assets
Total current assets 667,299,596.45 458,187,241.70
Non-current assets:
Available-for-sale financial assets 299,669,450.00 286,947,500.00
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 300,475,429.61 301,163,618.90
Investing property 7,669,023.08 7,895,850.53
Fixed assets 17,797,011.93 19,120,348.43
Construction in progress
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 1,564,956.51 1,600,704.24
R&D expense
Goodwill
Long-term deferred expenses 18,000,000.00
Deferred income tax assets
Other non-current assets
Total of non-current assets 645,175,871.13 616,728,022.10
Total assets 1,312,475,467.58 1,074,915,263.80
Current liabilities:
Short-term borrowings 210,000,000.00
Transactional financial liabilities
Notes payable
Accounts payable 2,482,949.70 2,482,949.70
Accounts received in advance 118,800.00 59,400.00
Employee’s compensation payable 387,757.72 537,236.72
Tax payable -1,836,740.00 -2,478,194.48
Interest payable 72,417,401.58 69,588,108.07
Dividend payable 3,213,302.88 3,213,302.88
Other accounts payable 339,589,450.38 347,896,763.31
Non-current liabilities due within 1 year 220,000,000.00
Other current liabilities
Total current liabilities 626,372,922.26 641,299,566.20
Non-current liabilities:
Long-term borrowings 168,000,000.00 0.00
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities 52,795,167.50 48,295,625.00
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Other non-current liabilities
Total non-current liabilities 220,795,167.50 48,295,625.00
Total liabilities 847,168,089.76 689,595,191.20
Owners’ equity (or shareholders’ equity)
Paid-up capital (or share capital) 426,745,404.00 426,745,404.00
Capital reserves 544,079,677.10 533,467,995.51
Less: Treasury stock
Specific reserves
Surplus reserves 109,487,064.39 109,487,064.39
Provisions for general risks
Retained profits -615,004,767.67 -684,380,391.30
Foreign exchange difference
Total owners’ (or shareholders’) equity 465,307,377.82 385,320,072.60
Total liabilities and owners’ (or
1,312,475,467.58 1,074,915,263.80
shareholders’) equity
Legal representative: Zheng Qing Person-in-charge of the accounting work: Chen Binglian
Chief of the accounting division: Yang Daoliang
3. Consolidated income statement for the reporting period
Prepared by Hainan Pearl River Holdings Co., Ltd.
Unit: RMB Yuan
Item Jul.-Sept. 2012 Jul.-Sept. 2011
I. Total operating revenues 41,396,363.51 37,014,691.21
Including: Sales income 41,396,363.51 37,014,691.21
Interest income
Premium income
Handling charge and commission
income
II. Total operating cost 83,012,981.08 76,229,393.26
Including: Cost of sales 33,761,484.54 29,535,808.25
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 2,394,060.06 2,795,706.50
Selling and distribution expenses 1,826,277.83 808,936.27
Administrative expenses 25,445,687.48 17,992,016.62
Financial expenses 18,550,214.62 23,424,772.74
Asset impairment loss 1,035,256.55 1,672,152.88
Add: Gain/(loss) from change in fair value
(“-” means loss)
Gain/(loss) from investment (“-” -258,725.01 20,708,753.71
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means loss)
Including: share of profits in
-258,725.01
associates and joint ventures
Foreign exchange gains (“-” means
loss)
III. Business profit (“-” means loss) -41,875,342.58 -18,505,948.34
Add: non-operating income 98,938.84 2,666.37
Less: non-operating expense 13,884.01 53.51
Including: loss from non-current
478.96
asset disposal
IV. Total profit (“-” means loss) -41,790,287.75 -18,503,335.48
Less: Income tax expense 95,531.39 583,213.92
V. Net profit (“-” means loss) -41,885,819.14 -19,086,549.40
Including: Net profit achieved by
combined parties before the combinations
Attributable to owners of the
-41,048,615.60 -18,290,101.17
Company
Minority shareholders’ income -837,203.54 -796,448.23
VI. Earnings per share -- --
(I) Basic earnings per share -0.1 -0.04
(II) Diluted earnings per share -0.1 -0.04
VII. Other comprehensive incomes -41,420,280.00 -31,171,875.00
VIII. Total comprehensive incomes -83,306,099.14 -50,258,424.40
Attributable to owners of the
-82,468,895.60 -49,461,976.17
Company
Attributable to minority shareholders -837,203.54 -796,448.23
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 0.
Legal representative: Zheng Qing Person-in-charge of the accounting work: Chen Binglian
Chief of the accounting division: Yang Daoliang
4. Income statement of the Company for the reporting period
Prepared by Hainan Pearl River Holdings Co., Ltd.
Unit: RMB Yuan
Item Jul.-Sept. 2012 Jul.-Sept. 2011
I. Total sales 288,669.10 126,370.00
Less: cost of sales 88,898.40 13,289.25
Business taxes and surcharges 16,165.47 7,076.73
Distribution expenses 1,701.00
Administrative expenses 5,654,351.12 3,333,366.15
Financial costs 11,264,799.65 22,116,809.72
Impairment loss 983,003.54 2,287,292.43
Add: gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-”
-258,725.01 20,708,753.71
means loss)
Including: income form investment
on associates and joint ventures
II. Business profit (“-” means loss) -17,978,975.09 -6,922,710.57
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Add: non-business income
Less: non-business expense 3,528.12 51.43
Including: loss from non-current
asset disposal
III. Total profit (“-” means loss) -17,982,503.21 -6,922,762.00
Less: income tax expense
IV. Net profit (“-” means loss) -17,982,503.21 -6,922,762.00
V. Earnings per share -- --
(I) Basic earnings per share
(II) Diluted earnings per share
VI. Other comprehensive income -41,420,280.00 -31,171,875.00
VII. Total comprehensive income -59,402,783.21 -38,094,637.00
Legal representative: Zheng Qing Person-in-charge of the accounting work: Chen Binglian
Chief of the accounting division: Yang Daoliang
5. Consolidated income statement from 1 Jan. 2012 to 30 Sept. 2012
Prepared by Hainan Pearl River Holdings Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2012 Jan.-Sept. 2011
I. Total operating revenues 149,738,319.71 181,307,464.94
Including: Sales income 149,738,319.71 181,307,464.94
Interest income
Premium income
Handling charge and commission
income
II. Total operating cost 244,719,732.49 229,110,218.77
Including: Cost of sales 108,730,640.46 116,053,134.54
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 11,301,987.61 19,919,004.71
Selling and distribution expenses 6,705,935.94 4,402,530.39
Administrative expenses 78,446,279.78 57,713,451.85
Financial expenses 47,616,949.88 29,180,612.10
Asset impairment loss -8,082,061.18 1,841,485.18
Add: Gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-”
17,854,565.89 20,303,937.79
means loss)
Including: share of profits in
-688,189.29 -685,167.99
associates and joint ventures
Foreign exchange gains (“-” means
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loss)
III. Business profit (“-” means loss) -77,126,846.89 -27,498,816.04
Add: non-operating income 171,828.34 433,052.37
Less: non-operating expense 140,237.95 67,724.03
Including: loss from non-current
15,679.21
asset disposal
IV. Total profit (“-” means loss) -77,095,256.50 -27,133,487.70
Less: Income tax expense 1,872,560.35 6,016,502.51
V. Net profit (“-” means loss) -78,967,816.85 -33,149,990.21
Including: Net profit achieved by
combined parties before the combinations
Attributable to owners of the Company -78,783,414.04 -33,331,967.28
Minority shareholders’ income -184,402.81 181,977.07
VI. Earnings per share -- --
(I) Basic earnings per share -0.18 -0.08
(II) Diluted earnings per share -0.18 -0.08
VII. Other comprehensive incomes 10,611,681.59 -25,186,875.00
VIII. Total comprehensive incomes -68,356,135.26 -58,336,865.21
Attributable to owners of the
-68,171,732.45 -58,518,842.28
Company
Attributable to minority shareholders -184,402.81 181,977.07
Where business mergers under the same control occurred from 1 Jan. 2012 to 30 Sept. 2012, the net profit achieved by the merged
parties before the business mergers was RMB 0.
Legal representative: Zheng Qing Person-in-charge of the accounting work: Chen Binglian
Chief of the accounting division: Yang Daoliang
6. Income statement of the Company from 1 Jan. 2012 to 30 Sept. 2012
Prepared by Hainan Pearl River Holdings Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2012 Jan.-Sept. 2011
I. Total sales 868,007.30 319,710.00
Less: cost of sales 266,695.20 39,867.75
Business taxes and surcharges 48,496.41 53,627.58
Distribution expenses 2,968.00 15,000.00
Administrative expenses 16,416,375.91 12,114,180.85
Financial costs 27,302,414.28 25,882,894.77
Impairment loss -2,293,543.42 1,827,235.43
Add: gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-”
110,254,565.89 20,303,937.79
means loss)
Including: income form investment
-688,189.29 -685,167.99
on associates and joint ventures
II. Business profit (“-” means loss) 69,379,166.81 -19,309,158.59
Add: non-business income
Less: non-business expense 3,543.18 22,630.65
Including: loss from non-current
12,915.00
asset disposal
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III. Total profit (“-” means loss) 69,375,623.63 -19,331,789.24
Less: income tax expense
IV. Net profit (“-” means loss) 69,375,623.63 -19,331,789.24
V. Earnings per share -- --
(I) Basic earnings per share
(II) Diluted earnings per share
VI. Other comprehensive income 10,611,681.59 -25,186,875.00
VII. Total comprehensive income 79,987,305.22 -44,518,664.24
Legal representative: Zheng Qing Person-in-charge of the accounting work: Chen Binglian
Chief of the accounting division: Yang Daoliang
7. Consolidated cash flow statement from 1 Jan. 2012 to 30 Sept. 2012
Prepared by Hainan Pearl River Holdings Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2012 Jan.-Sept. 2011
I. Cash flows from operating activities:
Cash received from sale of commodities
134,531,557.50 153,174,156.59
and rendering of 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 tradable
financial assets
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 operating
18,020,154.87 14,429,673.44
activities
Subtotal of cash inflows from operating
152,551,712.37 167,603,830.03
activities
Cash paid for goods and services 51,505,073.86 50,084,935.44
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
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charges and commissions
Cash for paying policy dividends
Cash paid to and for employees 78,753,886.41 62,526,491.45
Various taxes paid 18,782,038.75 53,343,972.19
Other cash payment relating to operating
73,666,224.43 49,303,703.52
activities
Subtotal of cash outflows from operating
222,707,223.45 215,259,102.60
activities
Net cash flows from operating activities -70,155,511.08 -47,655,272.57
II. Cash flows from investing activities:
Cash received from withdrawal of
44,400,000.00 284,700,000.00
investments
Cash received from return on
investments
Net cash received from disposal of fixed
assets, intangible assets and other 21,515,827.27 164,708.50
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to investing
8,718,575.65 36,611,451.04
activities
Subtotal of cash inflows from investing
74,634,402.92 321,476,159.54
activities
Cash paid to acquire fixed assets,
84,323,600.71 20,226,102.46
intangible assets and other long-term assets
Cash paid for investment 55,000,000.00 322,560,000.00
Net increase of pledged loans
Net cash paid to acquire subsidiaries and
other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from investing
139,323,600.71 342,786,102.46
activities
Net cash flows from investing activities -64,689,197.79 -21,309,942.92
III. Cash Flows from Financing Activities:
Cash received from capital contributions 4,900,000.00
Including: Cash received from minority
4,900,000.00
shareholder investments by subsidiaries
Cash received from borrowings 602,400,000.00 40,216,000.00
Cash received from issuance of bonds
Other cash received relating to financing
9,298.18
activities
Subtotal of cash inflows from financing
602,400,000.00 45,125,298.18
activities
Repayment of borrowings 303,900,000.00 25,890,930.00
Cash paid for interest expenses and
40,662,348.75 36,032,278.00
distribution of dividends or profit
Including: dividends or profit paid by
subsidiaries to minority shareholders
Other cash payments relating to
25,159,100.00
financing activities
Sub-total of cash outflows from financing
369,721,448.75 61,923,208.00
activities
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Net cash flows from financing activities 232,678,551.25 -16,797,909.82
IV. Effect of foreign exchange rate
changes on cash and cash equivalents
V. Net increase in cash and cash
97,833,842.38 -85,763,125.31
equivalents
Add: Opening balance of cash and cash
52,507,843.73 136,376,851.19
equivalents
VI. Closing balance of cash and cash
150,341,686.11 50,613,725.88
equivalents
Legal representative: Zheng Qing Person-in-charge of the accounting work: Chen Binglian
Chief of the accounting division: Yang Daoliang
8. Cash flow statement of the Company from 1 Jan. 2012 to 30 Sept. 2012
Prepared by Hainan Pearl River Holdings Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2012 Jan.-Sept. 2011
I. Cash flows from operating activities:
Cash received from sale of commodities
0.00 707,165.00
and rendering of service
Tax refunds received
Other cash received relating to operating
6,676,569.64 4,002,780.17
activities
Subtotal of cash inflows from operating
6,676,569.64 4,709,945.17
activities
Cash paid for goods and services
Cash paid to and for employees 3,690,573.44 3,359,426.94
Various taxes paid 394,820.10 1,596,881.85
Other cash payment relating to operating
113,562,093.74 11,157,540.09
activities
Subtotal of cash outflows from operating
117,647,487.28 16,113,848.88
activities
Net cash flows from operating activities -110,970,917.64 -11,403,903.71
II. Cash flows from investing activities:
Cash received from retraction of
45,400,000.00 201,700,000.00
investments
Cash received from return on
investments
Net cash received from disposal of fixed
assets, intangible assets and other 20,932,029.27 6,000.00
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
8,718,575.65 27,721,904.43
investing activities
Subtotal of cash inflows from investing
75,050,604.92 229,427,904.43
activities
Cash paid to acquire fixed assets,
94,496.00 1,368,449.00
intangible assets and other long-term assets
Cash paid for investment 153,100,000.00 311,600,000.00
Net cash paid to acquire subsidiaries and
other business units
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Other cash payments relating to
investing activities
Subtotal of cash outflows from investing
153,194,496.00 312,968,449.00
activities
Net cash flows from investing activities -78,143,891.08 -83,540,544.57
III. Cash flows from financing activities:
Cash received from capital
contributions
Cash received from borrowings 488,300,000.00 79,000,000.00
Cash received from issuance of bonds
Other cash received relating to
financing activities
Subtotal of cash inflows from financing
488,300,000.00 79,000,000.00
activities
Repayment of borrowings 246,300,000.00 790,930.00
Cash paid for interest expenses and
28,250,655.26 29,009,070.00
distribution of dividends or profit
Other cash payments relating to
21,659,100.00
financing activities
Sub-total of cash outflows from financing
296,209,755.26 29,800,000.00
activities
Net cash flows from financing activities 192,090,244.74 49,200,000.00
IV. Effect of foreign exchange rate
changes on cash and cash equivalents
V. Net increase in cash and cash
2,975,436.02 -45,744,448.28
equivalents
Add: Opening balance of cash and
515,955.59 47,697,821.48
cash equivalents
VI. Closing balance of cash and cash
3,491,391.61 1,953,373.20
equivalents
Legal representative: Zheng Qing Person-in-charge of the accounting work: Chen Binglian
Chief of the accounting division: Yang Daoliang
(II) Audit report
Auditor’s opinion
Summary of audit report
Naught
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