Report for the First Quarter of 2013 of Hainan Pearl River Holdings Co., Ltd.
Hainan Pearl River Holdings Co., Ltd.
Report for the First Quarter of 2013
April 2013
1
Report for the First Quarter of 2013 of Hainan Pearl River Holdings Co., Ltd.
Section I. Important Reminders
The Board of Directors, the Supervisory Committee, directors, supervisors and senior management staff of Hainan
Pearl River Holdings Co., Ltd. (hereinafter referred to as “the Company”) warrant that the information carried in
this report is factual, accurate and complete, without any false record, misleading statement or material omission.
And they shall be jointly and severally liable for that.
Zheng Qing, company principal, Chen Binglian, chief of the accounting work, and Yang Daoliang, chief of the
accounting organ (chief of accounting), hereby confirm that the financial statements enclosed in this report are
factual, accurate and complete.
All directors have attended the board session for reviewing this report.
This report is prepared in both Chinese and English. Should there be any discrepancy between the two versions,
the Chinese version shall prevail.
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Report for the First Quarter of 2013 of Hainan Pearl River Holdings Co., Ltd.
Section II. Financial Highlights & Change of Shareholders
I. Financial highlights
Does the Company adjust retrospectively or restate any accounting data of previous years?
□Yes √No
Jan.-Mar. 2013 Jan.-Mar. 2012 +/- (%)
Operating revenues (RMB Yuan) 62,592,524.54 64,997,421.96 -3.7%
Net profit attributable to shareholders of
-25,395,899.69 -27,330,011.28 7.08%
the Company (RMB Yuan)
Net profit attributable to shareholders of
the Company after deducting extraordinary -30,434,695.80 -28,932,703.38 -5.19%
gains and losses (RMB Yuan)
Net cash flows from operating activities
-32,277,707.08 -84,831,600.85 61.95%
(RMB Yuan)
Basic EPS (RMB Yuan/share) -0.06 -0.06 0%
Diluted EPS (RMB Yuan/share) -0.06 -0.06 0%
Down by 3.84 percentage
Weighted average ROE (%) -11.47% -7.63% points
31 Mar. 2013 31 Dec. 2012 +/- (%)
Total assets (RMB Yuan) 1,408,174,456.31 1,424,764,273.52 -1.16%
Net assets attributable to shareholders of
205,105,904.53 237,625,634.44 -13.69%
the Company (RMB Yuan)
Items and amounts of extraordinary gains and losses
√ Applicable □ Inapplicable
Unit: RMB Yuan
Item 1 Jan. 2013-31 Mar. 2013 Explanation
Gain/loss on the disposal of non-current assets (including the
-667.10
offset part of the asset impairment provisions)
Capital occupation charges on non-financial enterprises that are
5,032,652.80
recorded into current gains and losses
Non-operating income and expense other than the above 6,278.82
Less: Income tax effects 0.00
Less: Minority interests effects (after tax) -531.59
Total 5,038,796.11 --
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Report for the First Quarter of 2013 of Hainan Pearl River Holdings Co., Ltd.
II. Total number of shareholders at the period-end and shareholdings of top 10 shareholders
Unit: share
Total number of shareholders at the
40,301
period-end
Shareholdings of top 10 shareholders
Number of Pledged or frozen shares
Name of Nature of Shareholding Total shares held
restricted shares
shareholder shareholder percentage (%) at the period-end Status of shares Number of shares
held
Beijing Wanfa
Real Estate State-owned
26.36% 112,479,478 0 Pledged 20,000,000
Development corporation
Co., Ltd.
Domestic natural
Chen Qingtao 1.08% 4,596,000 0
person
Domestic natural
Li Jianhua 0.74% 3,149,813 0
person
Domestic natural
Zhang Xiaoxia 0.46% 1,949,250 0
person
Domestic natural
Zeng Ping 0.43% 1,843,000 0
person
Domestic natural
Hu Zhengxiu 0.37% 1,588,000 0
person
Domestic natural
Ou Lei 0.35% 1,500,000 0
person
Nanhua Finance
Other 0.3% 1,299,500 1,299,500
Co., Ltd.
Domestic natural
Huang Yueling 0.27% 1,166,900 0
person
Pearl River
State-owned
Enterprises 0.26% 1,150,000 0
corporation
Group Co., Ltd.
Shareholdings of top 10 non-restricted shareholders
Variety of shares
Name of shareholder Number of non-restricted shares held
Variety Number
Beijing Wanfa Real Estate RMB ordinary
112,479,478 112,479,478
Development Co., Ltd. shares
RMB ordinary
Chen Qingtao 4,596,000 4,596,000
shares
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Report for the First Quarter of 2013 of Hainan Pearl River Holdings Co., Ltd.
RMB ordinary
Li Jianhua 3,149,813 3,149,813
shares
Domestically
Zhang Xiaoxia 1,949,250 listed foreign 1,949,250
shares
RMB ordinary
Zeng Ping 1,843,000 1,843,000
shares
RMB ordinary
Hu Zhengxiu 1,588,000 1,588,000
shares
RMB ordinary
Ou Lei 1,500,000 1,500,000
shares
RMB ordinary
Huang Yueling 1,166,900 1,166,900
shares
Pearl River Enterprises Group Co., RMB ordinary
1,150,000 1,150,000
Ltd. shares
Domestically
Liu Guosheng 1,061,589 listed foreign 1,061,589
shares
Among shareholders above, there exists no related-party relationship between the principal
Explanation on associated shareholder and other shareholders of the Company. Nor they are parties with concerted
relationship or persons acting in action as prescribed in the Information Disclosure Administrative Methods for Changes in
concert among the above-mentioned Shareholding of Shareholders of Listed Companies. And it is unknown whether there exists
shareholders related-party relationship among other shareholders and whether they are prescribed parties
with concerted action.
Explanation on shareholders
participating in the margin trading Naught
business (if any)
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Report for the First Quarter of 2013 of Hainan Pearl River Holdings Co., Ltd.
Section III. Significant Events
I. Significant changes of the major accounting statement items and financial indicators for the
reporting period, as well as the reasons for these changes
Increase
31 March or
Item 31 Dec. 2012 Major reasons for the changes
2013 decrease
(%)
Mainly resulting from the corresponding
Accounts receivable 13,318,225.83 9,889,336.96 34.67 increase of accounts receivable caused by
increase of service revenue of hotel
Tax payable 30,413.45 2,205,732.91 -98.62 Mainly resulting from payment for tax
Increase
31 March or
Item 31 Dec. 2012 Major reasons for the changes
2013 decrease
(%)
Resulting from decrease of sales revenue of
Operating tax and surcharges 3,752,740.27 5,567,111.72 -32.59
real estate
Resulting from decrease of withdrawn
Loss from impairment of assets -1,428,641.10 -2,058,389.27 30.59
accounts receivable
Resulting from changes in fair value of
Other comprehensive income -7,123,830.22 -1,995,000.00 -257.08
financial assets available for sale
Net value of cash flow
Mainly resulting from decrease of accounts
generated from operating -32,277,707.08 -84,831,600.85 61.95
current of paying entities
activities
Net value of cash flow
Mainly resulting from decrease of cash got
generated from investment 5,471,658.83 54,013,907.33 -89.87
from borrowing
activities
II. Progress of significant events and analysis & explanations on their influence and solutions
In the reporting period, the loan contract about RMB 210 million signed by the Company and Chongqing International Trust Co., Ltd.
(hereinafter referred to as Chongqing Trust) became due and the Company was not able to return loans within the regulated period.
On 8 April 2013, the Company disclosed the announcement on risk prompt. For details see the announcements disclosed on China
Securities Journal, Ta Kung Pao and http://www.cninfo.com.cn on 30 March 2012 and 8 April 2013.
At present, the Company is actively cooperating with Chongqing Trust to go through relevant formalities of extending the period of
financing. However, the extension of period has not been accomplished yet because of the complex formalities and uncertain factors.
Owning to the long-term and good cooperative relationship between the Company and Chongqing Trust, the extension of period of
loans can effectively relieve the pressure of corporate operating fund and is beneficial to the development of corporate investment
projects.
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Report for the First Quarter of 2013 of Hainan Pearl River Holdings Co., Ltd.
III. Commitments made by the Company or any shareholder with a shareholding over 5% in
the reporting period or such commitments carried down into the reporting period
□ Applicable √ Non-applicable
IV. Explanation about holding equities of other listed companies
Particulars about holding equities of other listed companies
Unit: RMB Yuan
Gains
Changes in
and
Initial Proportion book value at owners’
Holding losses in
Stock code Stock abbr. amount of of the end of this equities in the
shares the
investment shareholding period reporting
reporting
period
period
3064.013
ten
Southwest RMB 150 thousand
600369 Securities million shares 1.32% 264,117,920.60 -9,498,440.30
V. Researches, visits and interviews received in the reporting period
Main discussion and
Time of reception Place of reception Way of reception Visitor type Visitor materials provided by the
Company
Construction projects on
Securities Communication by special railway of Mulin
7 Jan. 2013 Individual Individual investor
Department phone Town and wholesale market
of coal
Securities Communication by Particulars about holding
9 Jan. 2013 Individual Individual investor
Department phone Southwest Securities
Securities Communication by Particulars about corporate
17 Jan. 2013 Individual Individual investor
Department phone performance
Securities Communication by Particulars about holding
28 Jan. 2013 Individual Individual investor
Department phone Southwest Securities
Securities Communication by Consulting corporate
30 Jan. 2013 Individual Individual investor
Department phone performance
Particulars about the overall
Securities Communication by
4 Feb. 2013 Individual Individual investor situation of corporate
Department phone
operation
Project on new rural
Securities Communication by construction and
11 March 2013 Individual Individual investor
Department phone development of real estate
in Luquan of Shijiazhuang
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Report for the First Quarter of 2013 of Hainan Pearl River Holdings Co., Ltd.
Particulars about Southwest
Securities Communication by
12 March 2013 Individual Individual investor Securities and real estate
Department phone
projects
Securities Communication by Understanding the
28 March 2013 Individual Individual investor
Department phone corporate development
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Report for the First Quarter of 2013 of Hainan Pearl River Holdings Co., Ltd.
Section IV. Financial Statements
I. Financial statements
1. Consolidated balance sheet
Prepared by Hainan Pearl River Holdings Co., Ltd.
Unit: Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 60,009,445.53 65,762,871.33
Settlement reserves
Intra-group lendings
Transactional financial assets
Notes receivable
Accounts receivable 13,318,225.83 9,889,336.96
Accounts paid in advance 159,735,271.89 148,283,887.61
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract
reserves
Interest receivable
Dividend receivable 260,015.00 260,015.00
Other accounts receivable 304,890,518.38 314,281,649.69
Financial assets purchased under
agreements to resell
Inventories 108,513,934.85 109,749,172.81
Non-current assets due within 1 year
Other current assets
Total current assets 646,727,411.48 648,226,933.40
Non-current assets:
Loans by mandate and advances
granted
Available-for-sale financial assets 264,117,920.60 273,616,360.90
Held-to-maturity investments
Long-term accounts receivable
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Report for the First Quarter of 2013 of Hainan Pearl River Holdings Co., Ltd.
Long-term equity investment 50,520,982.68 50,758,716.34
Investing property 24,935,188.17 25,308,707.14
Fixed assets 328,425,060.73 334,321,547.26
Construction in progress 38,125,793.28 34,908,625.06
Engineering materials 606,206.60 606,206.60
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 31,339,462.61 31,636,550.86
R&D expense
Goodwill
Long-term deferred expenses 23,376,430.16 25,380,625.96
Deferred income tax assets
Other non-current assets
Total of non-current assets 761,447,044.83 776,537,340.12
Total assets 1,408,174,456.31 1,424,764,273.52
Current liabilities:
Short-term borrowings 210,000,000.00 210,000,000.00
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 19,429,583.92 20,503,123.52
Accounts received in advance 15,561,778.16 19,033,810.90
Financial assets sold for repurchase
Handling charges and commissions
payable
Employee’s compensation payable 7,796,644.95 9,181,755.84
Tax payable 30,413.45 2,205,732.91
Interest payable 122,076,882.35 112,552,231.11
Dividend payable 3,213,302.88 3,213,302.88
Other accounts payable 398,674,520.89 379,871,030.04
Reinsurance premiums payable
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Report for the First Quarter of 2013 of Hainan Pearl River Holdings Co., Ltd.
Insurance contract reserves
Payables for acting trading of
securities
Payables for acting underwriting of
securities
Non-current liabilities due within 1
28,000,000.00 28,000,000.00
year
Other current liabilities
Total current liabilities 804,783,126.60 784,560,987.20
Non-current liabilities:
Long-term borrowings 340,000,000.00 341,000,000.00
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities 45,226,579.27 47,601,189.35
Other non-current liabilities
Total non-current liabilities 385,226,579.27 388,601,189.35
Total liabilities 1,190,009,705.87 1,173,162,176.55
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 426,745,404.00 426,745,404.00
Capital reserves 514,822,326.95 521,946,157.17
Less: Treasury stock
Specific reserves
Surplus reserves 109,487,064.39 109,487,064.39
Provisions for general risks
Retained profits -845,948,890.81 -820,552,991.12
Foreign exchange difference
Total equity attributable to owners of
205,105,904.53 237,625,634.44
the Company
Minority interests 13,058,845.91 13,976,462.53
Total owners’ (or shareholders’) equity 218,164,750.44 251,602,096.97
Total liabilities and owners’ (or
1,408,174,456.31 1,424,764,273.52
shareholders’) equity
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Report for the First Quarter of 2013 of Hainan Pearl River Holdings Co., Ltd.
Legal representative: Zheng Qing Chief of the accounting work: Chen Binglian
Chief of the accounting organ: Yang Daoliang
2. Balance sheet of the Company
Prepared by Hainan Pearl River Holdings Co., Ltd.
Unit: Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 1,589,207.86 2,641,297.45
Transactional financial assets
Notes receivable
Accounts receivable 2,708,500.15 2,341,351.09
Accounts paid in advance 50,116,665.00 50,196,666.00
Interest receivable
Dividend receivable 260,015.00 260,015.00
Other accounts receivable 564,827,817.38 557,322,758.74
Inventories 4,824,035.45 4,824,035.45
Non-current assets due within 1 year
Other current assets
Total current assets 624,326,240.84 617,586,123.73
Non-current assets:
Available-for-sale financial assets 264,117,920.60 273,616,360.90
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 299,870,458.98 300,108,192.64
Investing property 7,517,804.78 7,593,413.93
Fixed assets 16,998,835.26 17,446,366.12
Construction in progress
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 1,541,124.69 1,553,040.60
R&D expense
Goodwill
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Report for the First Quarter of 2013 of Hainan Pearl River Holdings Co., Ltd.
Long-term deferred expenses 14,848,027.94 16,324,363.64
Deferred income tax assets
Other non-current assets
Total of non-current assets 604,894,172.25 616,641,737.83
Total assets 1,229,220,413.09 1,234,227,861.56
Current liabilities:
Short-term borrowings 210,000,000.00 210,000,000.00
Transactional financial liabilities
Notes payable
Accounts payable 2,482,949.70 2,482,949.70
Accounts received in advance 249,480.00 59,400.00
Employee’s compensation payable 449,915.36 546,010.23
Tax payable -1,087,338.22 -1,615,110.81
Interest payable 89,390,322.52 81,573,212.53
Dividend payable 3,213,302.88 3,213,302.88
Other accounts payable 305,688,040.89 295,396,790.14
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 610,386,673.13 591,656,554.67
Non-current liabilities:
Long-term borrowings 177,000,000.00 178,000,000.00
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities 44,428,188.50 46,802,798.58
Other non-current liabilities
Total non-current liabilities 221,428,188.50 224,802,798.58
Total liabilities 831,814,861.63 816,459,353.25
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 426,745,404.00 426,745,404.00
Capital reserves 517,838,666.49 524,962,496.71
Less: Treasury stock
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Report for the First Quarter of 2013 of Hainan Pearl River Holdings Co., Ltd.
Specific reserves
Surplus reserves 109,487,064.39 109,487,064.39
Provisions for general risks
Retained profits -656,665,583.42 -643,426,456.79
Foreign exchange difference
Total owners’ (or shareholders’) equity 397,405,551.46 417,768,508.31
Total liabilities and owners’ (or
1,229,220,413.09 1,234,227,861.56
shareholders’) equity
Legal representative: Zheng Qing Chief of the accounting work: Chen Binglian
Chief of the accounting organ: Yang Daoliang
3. Consolidated income statement
Prepared by Hainan Pearl River Holdings Co., Ltd.
Unit: Yuan
Item Jan.-Mar. 2013 Jan.-Mar. 2012
I. Total operating revenues 62,592,524.54 64,997,421.96
Including: Sales income 62,592,524.54 64,997,421.96
Interest income
Premium income
Handling charge and
commission income
II. Total operating cost 88,673,918.91 91,367,681.55
Including: Cost of sales 43,104,049.53 41,163,681.51
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 3,752,740.27 5,567,111.72
Selling and distribution expenses 3,435,537.06 3,362,228.94
Administrative expenses 24,604,836.32 29,010,964.80
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Report for the First Quarter of 2013 of Hainan Pearl River Holdings Co., Ltd.
Financial expenses 15,205,396.83 14,322,083.85
Asset impairment loss -1,428,641.10 -2,058,389.27
Add: Gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-”
-237,733.66 -316,225.41
means loss)
Including: share of profits in associates
-237,733.66 -316,225.41
and joint ventures
Foreign exchange gains (“-” means
loss)
III. Business profit (“-” means loss) -26,319,128.03 -26,686,485.00
Add: non-operating income 34,128.02 67,839.50
Less: non-operating expense 28,516.30 2,011.20
Including: loss from non-current asset
667.10
disposal
IV. Total profit (“-” means loss) -26,313,516.31 -26,620,656.70
Less: Income tax expense 0.00 874,240.95
V. Net profit (“-” means loss) -26,313,516.31 -27,494,897.65
Including: Net profit achieved by
combined parties before the
combinations
Attributable to owners of the
-25,395,899.69 -27,330,011.28
Company
Minority shareholders’ income -917,616.62 -164,886.37
VI. Earnings per share -- --
(I) Basic earnings per share -0.06 -0.06
(II) Diluted earnings per share -0.06 -0.06
Ⅶ. Other comprehensive incomes -7,123,830.22 -1,995,000.00
Ⅷ. Total comprehensive incomes -33,437,346.53 -29,489,897.65
Attributable to owners of the
-32,519,729.91 -29,325,011.28
Company
Attributable to minority
-917,616.62 -164,886.37
shareholders
Legal representative: Zheng Qing Chief of the accounting work: Chen Binglian
Chief of the accounting organ: Yang Daoliang
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Report for the First Quarter of 2013 of Hainan Pearl River Holdings Co., Ltd.
4. Income statement of the Company
Prepared by Hainan Pearl River Holdings Co., Ltd.
Unit: Yuan
Item Jan.-Mar. 2013 Jan.-Mar. 2012
I. Total sales 290,872.20 290,669.10
Less: cost of sales 88,898.40 88,898.40
Business taxes and surcharges 16,288.84 16,165.47
Distribution expenses
Administrative expenses 4,995,993.19 4,922,725.14
Financial costs 9,508,699.18 6,993,479.28
Impairment loss -1,317,614.44 -1,046,392.00
Add: gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-” means
-237,733.66 -316,225.41
loss)
Including: income form investment on
-237,733.66 -316,225.41
associates and joint ventures
II. Business profit (“-” means loss) -13,239,126.63 -11,000,432.60
Add: non-business income
Less: non-business expense
Including: loss from non-current asset
disposal
III. Total profit (“-” means loss) -13,239,126.63 -11,000,432.60
Less: income tax expense
IV. Net profit (“-” means loss) -13,239,126.63 -11,000,432.60
V. Earnings per share -- --
(I) Basic earnings per share 0 0
(II) Diluted earnings per share 0 0
VI. Other comprehensive income -7,123,830.22 -1,995,000.00
VII. Total comprehensive income -20,362,956.85 -12,995,432.60
Legal representative: Zheng Qing Chief of the accounting work: Chen Binglian
Chief of the accounting organ: Yang Daoliang
5. Consolidated cash flow statement
Prepared by Hainan Pearl River Holdings Co., Ltd.
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Report for the First Quarter of 2013 of Hainan Pearl River Holdings Co., Ltd.
Unit: Yuan
Item Jan.-Mar. 2013 Jan.-Mar. 2012
I. Cash flows from operating activities:
Cash received from sale of
57,631,845.31 42,553,330.68
commodities 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
19,337,375.12 37,808,298.50
operating activities
Subtotal of cash inflows from operating
76,969,220.43 80,361,629.18
activities
Cash paid for goods and services 21,906,135.82 17,377,694.88
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
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Report for the First Quarter of 2013 of Hainan Pearl River Holdings Co., Ltd.
Cash for paying interest, handling
charges and commissions
Cash for paying policy dividends
Cash paid to and for employees 34,793,165.45 29,396,413.07
Various taxes paid 7,266,596.46 5,904,014.25
Other cash payment relating to
45,281,029.78 112,515,107.83
operating activities
Subtotal of cash outflows from
109,246,927.51 165,193,230.03
operating activities
Net cash flows from operating activities -32,277,707.08 -84,831,600.85
II. Cash flows from investing activities:
Cash received from withdrawal of
26,000,000.00 22,500,000.00
investments
Cash received from return on
investments
Net cash received from disposal of
fixed assets, intangible assets and other 189,000.00 537,291.00
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
5,647,661.11
investing activities
Subtotal of cash inflows from
31,836,661.11 23,037,291.00
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 10,784,038.66 3,911,196.60
assets
Cash paid for investment
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
10,784,038.66 3,911,196.60
investing activities
Net cash flows from investing activities 21,052,622.45 19,126,094.40
III. Cash Flows from Financing
Activities:
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Report for the First Quarter of 2013 of Hainan Pearl River Holdings Co., Ltd.
Cash received from capital
contributions
Including: Cash received from
minority shareholder investments by 0.00 0.00
subsidiaries
Cash received from borrowings 31,000,000.00 320,000,000.00
Cash received from issuance of
bonds
Other cash received relating to
financing activities
Subtotal of cash inflows from financing
31,000,000.00 320,000,000.00
activities
Repayment of borrowings 13,000,000.00 258,000,000.00
Cash paid for interest expenses and
9,618,865.55 4,486,092.67
distribution of dividends or profit
Including: dividends or profit paid by
subsidiaries to minority shareholders
Other cash payments relating to
2,909,475.62 3,500,000.00
financing activities
Sub-total of cash outflows from
25,528,341.17 265,986,092.67
financing activities
Net cash flows from financing activities 5,471,658.83 54,013,907.33
IV. Effect of foreign exchange rate
changes on cash and cash equivalents
V. Net increase in cash and cash
-5,753,425.80 -11,691,599.12
equivalents
Add: Opening balance of cash and
65,762,871.33 52,507,843.73
cash equivalents
VI. Closing balance of cash and cash
60,009,445.53 40,816,244.61
equivalents
Legal representative: Zheng Qing Chief of the accounting work: Chen Binglian
Chief of the accounting organ: Yang Daoliang
6. Cash flow statement of the Company
Prepared by Hainan Pearl River Holdings Co., Ltd.
Unit: Yuan
Item Jan.-Mar. 2013 Jan.-Mar. 2012
19
Report for the First Quarter of 2013 of Hainan Pearl River Holdings Co., Ltd.
I. Cash flows from operating activities:
Cash received from sale of
401,165.00
commodities and rendering of service
Tax refunds received
Other cash received relating to
11,695,394.78 1,373,838.56
operating activities
Subtotal of cash inflows from operating
12,096,559.78 1,373,838.56
activities
Cash paid for goods and services
Cash paid to and for employees 1,612,063.85 1,187,592.57
Various taxes paid 112,414.29 239,894.28
Other cash payment relating to
13,629,756.72 2,356,865.95
operating activities
Subtotal of cash outflows from
15,354,234.86 3,784,352.80
operating activities
Net cash flows from operating activities -3,257,675.08 -2,410,514.24
II. Cash flows from investing activities:
Cash received from retraction of
26,000,000.00 22,500,000.00
investments
Cash received from return on
investments
Net cash received from disposal of
fixed assets, intangible assets and other
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
5,647,661.11
investing activities
Subtotal of cash inflows from
31,647,661.11 22,500,000.00
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 0.00 8,398.00
assets
Cash paid for investment 38,999,500.00 19,500,000.00
Net cash paid to acquire subsidiaries
and other business units
Other cash payments relating to
investing activities
20
Report for the First Quarter of 2013 of Hainan Pearl River Holdings Co., Ltd.
Subtotal of cash outflows from
38,999,500.00 19,508,398.00
investing activities
Net cash flows from investing activities -7,351,838.89 2,991,602.00
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Cash received from borrowings 31,000,000.00 210,000,000.00
Cash received from issuance of
bonds
Other cash received relating to
financing activities
Subtotal of cash inflows from financing
31,000,000.00 210,000,000.00
activities
Repayment of borrowings 13,000,000.00 210,000,000.00
Cash paid for interest expenses and
6,133,100.00
distribution of dividends or profit
Other cash payments relating to
2,309,475.62
financing activities
Sub-total of cash outflows from
21,442,575.62 210,000,000.00
financing activities
Net cash flows from financing activities 9,557,424.38
IV. Effect of foreign exchange rate
changes on cash and cash equivalents
V. Net increase in cash and cash
-1,052,089.59 581,087.76
equivalents
Add: Opening balance of cash and
2,641,297.45 515,955.59
cash equivalents
VI. Closing balance of cash and cash
1,589,207.86 1,097,043.35
equivalents
Legal representative: Zheng Qing Chief of the accounting work: Chen Binglian
Chief of the accounting organ: Yang Daoliang
II. Audit report
Is this report audited?
□ Yes √ No
21
Report for the First Quarter of 2013 of Hainan Pearl River Holdings Co., Ltd.
Hainan Pearl River Holdings Co., Ltd.
27 April 2013
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