Report for the Third Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
HaiNan Pearl River Holdings Co., Ltd.
Report for the Third Quarter of 2015
October 2015
1
Report for the Third Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
Section I. Important Reminders
I. Significant risk reminder
According to the Report for the Third Quarter of 2015 (unaudited), the unaudited total assets of the Company and
the net assets attributable to the shareholders of the Company as at 30 Sept. 2015 stood at RMB 1,759,684,394.92
and RMB -143,749,900.57 respectively. If the Company continues to suffer a loss in its operation for the year of
2015, a delisting risk warning shall be imposed on the stock of the Company. Investors are kindly reminded to pay
attention to possible risks and invest wisely.
II. 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.
All directors have attended the board session for reviewing this report.
Zheng Qing, company principal, and Yang Daoliang, chief of the accounting work and Wu Xiukun, chief of the
accounting organ (chief of accounting), hereby confirm that the Financial Report enclosed in this report is factual,
accurate and complete.
This report is prepared in both Chinese and English. Should there be any discrepancy between the two versions,
the Chinese version shall prevail.
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Report for the Third Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
Section II. Financial Highlights & Changes in Shareholders
I. Main accounting data and financial indicators
Does the Company adjust retrospectively or restate accounting data of previous years due to change of the accounting policy or
correction of any accounting error?
□ Yes √ No
30 Sept. 2015 31 Dec. 2014 Increase/decrease (%)
Total assets (RMB Yuan) 1,759,684,394.92 1,645,436,644.78 6.94%
Net assets attributable to
shareholders of the Company -143,749,900.57 15,564,470.40 -1,023.58%
(RMB Yuan)
YoY increase/decrease YoY increase/decrease
Jul.-Sept. 2015 Jan.-Sept. 2015
(%) (%)
Operating revenues (RMB Yuan) 52,075,049.26 10.86% 188,192,878.45 9.63%
Net profit attributable to
shareholders of the Company -55,679,400.37 -32.58% -34,186,775.34 71.23%
(RMB Yuan)
Net profit attributable to
shareholders of the Company after
-58,786,624.64 -40.01% -162,582,937.77 -35.52%
extraordinary gains and losses
(RMB Yuan)
Net cash flows from operating
-- -- 149,194,827.78 184.05%
activities (RMB Yuan)
Basic EPS (RMB Yuan/share) -0.13 -30.00% -0.08 71.43%
Diluted EPS (RMB Yuan/share) -0.13 -30.00% -0.08 71.43%
Weighted average ROE (%) 0.00% 23.82% 0.00% 51.97%
Items and amounts of extraordinary gains and losses
√Applicable □Inapplicable
Unit: RMB Yuan
Item Amount as of Jan.-Sept. 2015 Note
Gains/losses on the disposal of non-current assets (including the
2,785,222.20
offset part of the asset impairment provisions)
Capital occupation charges on non-financial enterprises that are
951,854.08
recorded into current gains and losses
Gains and losses on change in fair value from tradable financial
assets and tradable financial liabilities, as well as investment 124,342,755.05
income from disposal of tradable financial assets and tradable
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Report for the Third Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
financial liabilities and financial assets available for sales except
for effective hedging related with normal businesses of the
Company
Non-operating income and expense other than the above 326,286.02
Less: Income tax effects 8,913.14
Minority interests effects (after tax) 1,041.78
Total 128,396,162.43 --
Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in the Explanatory
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Extraordinary Gains and
Losses, or classifies any extraordinary gain/loss item mentioned in the said explanatory announcement as a recurrent gain/loss item
□ Applicable √ Inapplicable
No such cases in the reporting period.
II. Total number of shareholders at the period-end and shareholdings of top 10 shareholders
1. Total number of common shareholders at the period-end and shareholdings of top 10 common
shareholders
Unit: share
Total number of common
46,431
shareholders at the period-end
Shareholdings of top 10 common shareholders
Number of Pledged or frozen shares
Name of Nature of Shareholding Number of shares
restricted shares
shareholder shareholder percentage (%) held Status of shares Number of shares
held
Beijing Wanfa
Real Estate State-owned
26.36% 112,479,478
Development corporation
Co., Ltd.
LI LEON ZHAN Foreign
2.38% 10,158,806
WEI individual
YAO XIU Foreign
2.08% 8,855,929
GUANG individual
Foreign
Yao Liyuan 0.47% 2,005,600
individual
Domestic
Zhang Xiaoxie 0.46% 1,949,250
individual
Domestic
Wang Jianjun 0.44% 1,875,700
individual
Xu Zhen Domestic 0.39% 1,647,500
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Report for the Third Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
individual
South China Domestic
Financial non-state-owned 0.30% 1,299,500
Company corporation
Domestic
Chen Mingwei 0.28% 1,210,000
individual
Domestic
Zuo Guilan 0.28% 1,200,000
individual
Shareholdings of top 10 non-restricted common shareholders
Variety of shares
Name of shareholder Number of non-restricted common shares held
Variety Number
Beijing Wanfa Real Estate RMB ordinary
112,479,478 112,479,478
Development Co., Ltd. shares
Domestically
LI LEON ZHAN WEI 10,158,806 listed foreign 10,158,806
shares
Domestically
YAO XIU GUANG 8,855,929 listed foreign 8,855,929
shares
Domestically
Yao Liyuan 2,005,600 listed foreign 2,005,600
shares
Overseas listed
Zhang Xiaoxie 1,949,250 1,949,250
foreign shares
RMB ordinary
Wang Jianjun 1,875,700 1,875,700
shares
RMB ordinary
Xu Zhen 1,647,500 1,647,500
shares
Domestically
Chen Mingwei 1,210,000 listed foreign 1,210,000
shares
RMB ordinary
Zuo Guilan 1,200,000 1,200,000
shares
RMB ordinary
He Zeji 951,900 951,900
shares
Explanation on associated Among shareholders above, there exists no related-party relationship between the principal
relationship or persons acting in shareholder and other shareholders of the Company. Nor they are parties with concerted
concert among the above-mentioned action as prescribed in the Information Disclosure Administrative Methods for Changes in
shareholders Shareholding of Shareholders of Listed Companies. And it is unknown whether there is
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Report for the Third Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
related-party relationship among other shareholders and whether they are prescribed parties
with concerted action.
The shareholder, Wang Jianjun held 1,875,700 shares of the Company through the customer
credit collateral securities trading account of Nanjing Securities Co., Ltd., and shareholder,
Top 10 common shareholders taking
Zuo Guilan, except for holding 720,000 shares of the Company through the ordinary security
part in securities margin trading (if
account, also held 480,000 shares of the Company through the customer credit collateral
any)
securities trading account of Guoyuan Securities Co., Ltd. with the actual total amount of
1,200,000 shares.
Did any of the top 10 common shareholders or the top 10 non-restricted common shareholders of the Company conduct any
promissory repo during the reporting period?
□ Yea √ No
No such cases in the reporting period.
2. Total number of preferred shareholders at the period-end and shareholdings of top 10 preferred
shareholders
□ Applicable √ Inapplicable
Section III. Significant Events
I. Major changes of main accounting statement items and financial indicators in the reporting
period, as well as reasons for the changes
□ Applicable √ Inapplicable
II. Progress and influence of significant events, as well as the analysis and explanation on
solutions
√ Applicable □ Inapplicable
For details, please refer to relevant announcement
Index to the relevant
Overview of the significant event Date of disclosure announcement disclosed on the
website
The Company’s significant loan contract signed with Chongqing China Securities Journal, Ta Kung
27 Sep. 2012
International Trust Co., Ltd. was due on 28 Sep. 2015, in line with Pao, www.cninfo.com.cn,
the agreements, the Company should pay the loan principal,
China Securities Journal, Ta Kung
interest and financial consulting fees and other relevant expenses 10 Oct. 2014
Pao, www.cninfo.com.cn,
in total of RMB255, 993,502.88, after negotiation, Chongqing
International Trust Co., Ltd. agree to roll over the debt to the date
China Securities Journal, Ta Kung
of 20 Dec. 2015, during the period, the Company was actively 10 Oct. 2014
Pao, www.cninfo.com.cn,
raising fund and amortized it.
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Report for the Third Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
On 23 Aug. 2013, the Japanese company( hereinafter as Party A)
signed Co-operation Frame Agreement about the Original Pipe
Pile Real Estate Development Project(Tentative name)with China
Great Land Holdings Ltd.(Singapore) ( hereinafter as Party
B),agreed that the Company in a way of investing RMB50 million
as assignee to obtain 80% share equity of Sanya Pearl River Pipe
Pile Co., Ltd held by China Great Land Holdings
Ltd.(Singapore)cooperated with Party B and made Sanya Pearl
River Pipe Pile Co., Ltd. ( hereinafter as Target Company) as the
development subject, developed and constructed the Original Pipe
Pile Real Estate Development Project(Tentative name)
( hereinafter as the Project) which located at the target company China Securities Journal, Ta Kung
28 Aug. 2013
production plant, due to the historical problem, the Target Pao, www.cninfo.com.cn,
Company failed to gain the (Industrial land) land use right license
during the agreement signing period, the Company, before and
after, had paid RMB30 million ,after the (Industrial land)land use
right license was obtained, the Company would paid equity
transfer fee RMB20 million, and the Company became as the
shareholder of Target Company with holding of 80% share equity.
During the reporting period, the Target Company had obtained
(Industrial land) land use right license, the Company in line with
the agreement, paid RMB20 million for the equity transfer, in
recently, the shareholding modification formalities of the Target
Company is under processing.
III. Commitments made by the Company or shareholders holding over 5% of the Company’s
shares in the reporting period or such commitments carried down into the reporting period
□ Applicable √ Inapplicable
No such commitments in the reporting period.
IV. Predict the 2015 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. Securities investment
□Applicable √Inapplicable
There was no securities investment in the Company
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Report for the Third Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
VI. Shareholdings in other listed companies
□Applicable √Inapplicable
There was no shareholding in other listed companies in the Company
VII. Investments in derivatives
□Applicable √Inapplicable
The Company did not invest in any derivative in the reporting period.
VIII. Researches, visits and interviews received in the reporting period
√Applicable □Inapplicable
Main discussion and
Time Place Way of reception Visitor type Visitor materials provided by the
Company
Inquiry of the progress of
Security
15 Jul. 2015 Other Individual Individual investor the coal project of Mulin
department
Town, already replied.
Known about the published
Security advance notice of the
24 Jul. 2015 Other Individual Individual investor
department Company performance
already replied.
Inquiry of name lists of
Security
30 Aug. 2015 Other Individual Individual investor shareholders of the
department
Company, already replied.
Inquiry of whether the big
shareholders of the
Security Company plan to increase
9 Sep. 2015 Other Individual Individual investor
department shareholding of the
Company or not, already
replied.
IX. Violation external guarantee
□Applicable √Inapplicable
The Company did not have any violation external guarantee in the reporting period.
X. Non-operating capital occupying to the listed company from controlling shareholders and
its related parties
□Applicable √Inapplicable
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Report for the Third Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
There was no non-operating capital occupying to the listed company from controlling shareholders and its related parties in the
reporting period.
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Report for the Third Quarter of 2015 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: RMB Yuan
Item Closing balance Opening balance
Current assets:
Monetary funds 245,541,989.78 97,404,192.62
Settlement reserves
Intra-group lendings
Financial assets measured at fair
value of which changes are recorded in
current profits and losses
Derivative financial assets
Notes receivable
Accounts receivable 14,275,779.54 12,378,292.44
Accounts paid in advance 147,411,455.28 128,625,359.78
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract
reserves
Interest receivable
Dividend receivable 260,015.00 260,015.00
Other accounts receivable 276,918,024.71 238,352,004.55
Financial assets purchased under
agreements to resell
Inventories 483,271,424.89 386,635,994.05
Assets held for sale
Non-current assets due within 1 year
Other current assets 4,500,000.00
Total current assets 1,172,178,689.20 863,655,858.44
Non-current assets:
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Report for the Third Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
Loans by mandate and advances
granted
Available-for-sale financial assets 11,411,309.90 184,158,809.90
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 35,585,407.76 35,961,754.63
Investing real estate 21,168,212.77 22,228,615.23
Fixed assets 416,859,809.63 436,892,954.81
Construction in progress 61,452,090.05 57,013,898.46
Engineering materials 393,706.60 393,706.60
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 29,801,945.66 30,660,800.67
R&D expense
Goodwill
Long-term deferred expenses 9,251,383.35 12,888,406.04
Deferred income tax assets
Other non-current assets 1,581,840.00 1,581,840.00
Total of non-current assets 587,505,705.72 781,780,786.34
Total assets 1,759,684,394.92 1,645,436,644.78
Current liabilities:
Short-term borrowings 19,000,000.00 19,000,000.00
Borrowings from the Central Bank
Customer bank deposits and due to
banks and other financial institutions
Intra-group borrowings
Financial liabilities measured at fair
value of which changes are recorded in
current profits and losses
Derivative financial liabilities
Notes payable
Accounts payable 23,856,968.44 58,578,620.48
Accounts received in advance 309,114,292.22 28,572,757.37
Financial assets sold and repurchased
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Report for the Third Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
Handling charges and commissions
payable
Payroll payable 11,463,027.66 9,689,999.71
Tax payable -2,992,093.23 4,603,277.48
Interest payable 163,262,377.46 122,400,850.73
Dividend payable 3,213,302.88 3,213,302.88
Other accounts payable 544,278,695.21 780,359,522.08
Reinsurance premiums payable
Insurance contract reserves
Payables for acting trading of
securities
Payables for acting underwriting of
securities
Liabilities held for sale
Non-current liabilities due within 1
416,565,035.32 249,471,973.56
year
Other current liabilities
Total current liabilities 1,487,761,605.96 1,275,890,304.29
Non-current liabilities:
Long-term borrowings 416,750,000.01 327,303,532.52
Bonds payable
Of which: preference shares
Perpetual bonds
Long-term payables
Long-term payroll payables
Specific payables
Estimated liabilities
Deferred income
Deferred income tax liabilities 674,902.10 23,187,756.33
Other non-current liabilities
Total non-current liabilities 417,424,902.11 350,491,288.85
Total liabilities 1,905,186,508.07 1,626,381,593.14
Owners’ equity:
Share capital 426,745,404.00 426,745,404.00
Other equity instruments
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Report for the Third Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
Of which: preference shares
Perpetual bonds
Capital reserves 334,690,837.45 334,690,837.45
Less: Treasury stock
Other comprehensive income 125,127,595.63
Specific reserves
Surplus reserves 109,487,064.39 109,487,064.39
Provisions for general risks
Retained profits -1,014,673,206.41 -980,486,431.07
Total equity attributable to owners of
-143,749,900.57 15,564,470.40
the Company
Minority interests -1,752,212.58 3,490,581.24
Total owners’ equity -145,502,113.15 19,055,051.64
Total liabilities and owners’ equity 1,759,684,394.92 1,645,436,644.78
Legal representative: Zheng Qing Chief of the accounting work: Yang Daoliang
Chief of the accounting organ: Wu Xiukun
2. Balance sheet of the Company
Unit: RMB Yuan
Item Closing balance Opening balance
Current assets:
Monetary funds 35,829,820.97 2,034,649.76
Financial assets measured at fair
value of which changes are recorded in
current profits and losses
Derivative financial assets
Notes receivable
Accounts receivable 3,662,491.00 3,435,478.16
Accounts paid in advance 50,277,830.00 50,240,000.00
Interest receivable
Dividend receivable 260,015.00 260,015.00
Other accounts receivable 726,107,480.83 818,584,850.46
Inventories 4,824,035.45 4,824,035.45
Assets held for sale
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Report for the Third Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
Non-current assets due within 1 year
Other current assets
Total current assets 820,961,673.25 879,379,028.83
Non-current assets:
Available-for-sale financial assets 11,411,309.90 184,158,809.90
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 293,633,624.11 293,884,905.62
Investing real estate 6,761,713.28 6,988,540.73
Fixed assets 13,691,091.86 14,623,874.13
Construction in progress
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 1,421,965.59 1,457,713.32
R&D expense
Goodwill
Long-term deferred expenses 675,157.76 855,107.00
Deferred income tax assets
Other non-current assets
Total of non-current assets 327,594,862.50 501,968,950.70
Total assets 1,148,556,535.75 1,381,347,979.53
Current liabilities:
Short-term borrowings
Financial liabilities measured at fair
value of which changes are recorded in
current profits and losses
Derivative financial liabilities
Notes payable
Accounts payable 2,482,949.70 2,482,949.70
Accounts received in advance 37,790.04 98,945.30
Payroll payable 908,563.20 674,051.54
Tax payable 8,439,138.71 2,995,939.00
Interest payable 101,367,312.66 75,566,328.92
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Report for the Third Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
Dividend payable 3,213,302.88 3,213,302.88
Other accounts payable 400,092,854.20 576,422,782.11
Liabilities held for sale
Non-current liabilities due within 1
361,008,839.42 196,805,306.92
year
Other current liabilities
Total current liabilities 877,550,750.81 858,259,606.37
Non-current liabilities:
Long-term borrowings 130,303,532.50
Bonds payable
Of which: preference shares
Perpetual bonds
Long-term payables
Long-term payroll payables
Specific payables
Estimated liabilities
Deferred income
Deferred income tax liabilities 22,512,854.23
Other non-current liabilities
Total non-current liabilities 152,816,386.73
Total liabilities 877,550,750.81 1,011,075,993.10
Owners’ equity:
Share capital 426,745,404.00 426,745,404.00
Other equity instruments
Of which: preference shares
Perpetual bonds
Capital reserves 337,276,496.52 337,276,496.52
Less: Treasury stock
Other comprehensive income 125,127,595.63
Specific reserves
Surplus reserves 109,487,064.39 109,487,064.39
Retained profits -602,503,179.97 -628,364,574.11
Total owners’ equity 271,005,784.94 370,271,986.43
Total liabilities and owners’ equity 1,148,556,535.75 1,381,347,979.53
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Report for the Third Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
3. Consolidated income statement for the reporting period
Unit: RMB Yuan
Item Jul.-Sept. 2015 Jul.-Sept. 2014
I. Operating revenues 52,075,049.26 46,972,357.01
Including: Sales income 52,075,049.26 46,972,357.01
Interest income
Premium income
Handling charge and commission
income
II. Operating costs 112,793,079.31 90,001,936.72
Including: Cost of sales 48,194,923.75 41,230,238.81
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 3,144,973.46 2,719,104.56
Selling and distribution expenses 5,618,287.17 852,944.57
Administrative expenses 22,470,370.76 22,396,268.46
Financial expenses 33,121,297.45 24,976,938.18
Asset impairment loss 243,226.72 -2,173,557.86
Add: Gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-”
-170,958.57 101,504.43
means loss)
Including: share of profits in
-45,893.21 148,587.74
associates and joint ventures
Foreign exchange gains (“-” means
loss)
III. Business profit (“-” means loss) -60,888,988.62 -42,928,075.28
Add: non-operating income 2,858,976.66 -3,763.51
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Report for the Third Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
Including: Gains on disposal of
non-current assets
Less: non-operating expense 61,166.68 328,712.23
Including: Losses on disposal of
24,864.21 2,311.83
non-current assets
IV. Total profit (“-” means loss) -58,091,178.64 -43,260,551.02
Less: Income tax expense -20,335.42 248.51
V. Net profit (“-” means loss) -58,070,843.22 -43,260,799.53
Net profit attributable to owners of
-55,679,400.37 -41,996,808.97
the Company
Minority shareholders’ income -2,391,442.85 -1,263,990.56
VI. After-tax net amount of other
11,566,875.00
comprehensive incomes
After-tax net amount of other
comprehensive incomes attributable to 11,566,875.00
owners of the Company
(I) Other comprehensive incomes
that will not be reclassified into gains and
losses
1. Changes in net liabilities or
assets with a defined benefit plan upon
re-measurement
2. Enjoyable shares in other
comprehensive incomes in investees that
cannot be reclassified into gains and
losses under the equity method
(II) Other comprehensive incomes
that will be reclassified into gains and 11,566,875.00
losses
1. Enjoyable shares in other
comprehensive incomes in investees that
will be reclassified into gains and losses
under the equity method
2. Gains and losses on fair
value changes of available-for-sale 11,566,875.00
financial assets
3. Gains and losses on
reclassifying held-to-maturity
investments into available-for-sale
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Report for the Third Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
financial assets
4. Effective hedging gains and
losses on cash flows
5. Foreign-currency financial
statement translation difference
6. Other
After-tax net amount of other
comprehensive incomes attributable to
minority shareholders
VII. Total comprehensive incomes -58,070,843.22 -31,693,924.53
Attributable to owners of the
-55,679,400.37 -30,429,933.97
Company
Attributable to minority
-2,391,442.85 -1,263,990.56
shareholders
VIII. Earnings per share
(I) Basic earnings per share -0.13 -0.10
(II) Diluted earnings per share -0.13 -0.10
Where business mergers under the same control occurred in the reporting period, the net profit achieved by the merged parties before
the business mergers was RMB 0.00, with the corresponding amount for the same period of last year being RMB 0.00.
Legal representative: Zheng Qing Chief of the accounting work: Yang Daoliang
Chief of the accounting organ: Wu Xiukun
4. Income statement of the Company for the reporting period
Unit: RMB Yuan
Item Jul.-Sept. 2015 Jul.-Sept. 2014
I. Total sales 213,100.69 256,035.63
Less: cost of sales 27,736,986.46 18,439,829.97
Business taxes and surcharges 7,524.92 10,978.01
Distribution expenses
Administrative expenses 3,156,663.57 2,921,519.16
Financial costs 24,073,303.54 15,406,762.60
Impairment loss 410,596.03 11,671.80
Add: gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-” -125,867.27 -92,929.94
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Report for the Third Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
means loss)
Including: income from investment
-125,867.27 -92,929.94
on associates and joint ventures
II. Business profit (“-” means loss) -27,649,753.04 -18,276,724.28
Add: non-operating income
Including: Gains on disposal of
non-current assets
Less: non-operating expense 24,864.21 846.74
Including: Losses on disposal of
24,864.21
non-current assets
III. Total profit (“-” means loss) -27,674,617.25 -18,277,571.02
Less: Income tax expense
IV. Net profit (“-” means loss) -27,674,617.25 -18,277,571.02
V. After-tax net amount of other
11,566,875.00
comprehensive incomes
(I) Other comprehensive incomes that
will not be reclassified into gains and
losses
1. Changes in net liabilities or
assets with a defined benefit plan upon
re-measurement
2. Enjoyable shares in other
comprehensive incomes in investees
that cannot be reclassified into gains
and losses under the equity method
(II) Other comprehensive incomes
that will be reclassified into gains and 11,566,875.00
losses
1. Enjoyable shares in other
comprehensive incomes in investees
that will be reclassified into gains and
losses under the equity method
2. Gains and losses on fair value
changes of available-for-sale financial 11,566,875.00
assets
3. Gains and losses on
reclassifying held-to-maturity
investments into available-for-sale
financial assets
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Report for the Third Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
4. Effective hedging gains and
losses on cash flows
5. Foreign-currency financial
statement translation difference
6. Other
VI. Total comprehensive incomes -27,674,617.25 -6,710,696.02
VII. Earnings per share
(I) Basic earnings per share
(II) Diluted earnings per share
5. Consolidated income statement for Jan.-Sept. 2015
Unit: RMB Yuan
Item Jan.-Sept. 2015 Jan.-Sept. 2014
I. Operating revenues 188,192,878.45 171,656,857.80
Including: Sales income 188,192,878.45 171,656,857.80
Interest income
Premium income
Handling charge and commission
income
II. Operating costs 338,866,589.17 294,539,856.73
Including: Cost of sales 148,932,265.62 132,986,396.81
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 10,776,972.93 10,024,253.71
Selling and distribution expenses 8,424,409.14 3,275,897.05
Administrative expenses 70,997,749.28 76,954,289.37
Financial expenses 98,672,199.56 75,819,586.76
Asset impairment loss 1,062,992.64 -4,520,566.97
20
Report for the Third Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
Add: Gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-”
123,966,408.18 494,853.77
means loss)
Including: share of profits in
-251,281.51 -439,572.42
associates and joint ventures
Foreign exchange gains (“-” means
loss)
III. Business profit (“-” means loss) -26,707,302.54 -122,388,145.16
Add: non-operating income 3,367,510.52 67,584.70
Including: Gains on disposal of
2,810,086.41
non-current assets
Less: non-operating expense 256,002.30 832,523.16
Including: Losses on disposal of
24,864.21 2,311.83
non-current assets
IV. Total profit (“-” means loss) -23,595,794.32 -123,153,083.62
Less: Income tax expense 15,833,774.84 136,184.23
V. Net profit (“-” means loss) -39,429,569.16 -123,289,267.85
Net profit attributable to owners of
-34,186,775.34 -118,846,568.80
the Company
Minority shareholders’ income -5,242,793.82 -4,442,699.05
VI. After-tax net amount of other
-125,127,595.63 3,545,625.00
comprehensive incomes
After-tax net amount of other
comprehensive incomes attributable to -125,127,595.63 3,545,625.00
owners of the Company
(I) Other comprehensive incomes
that will not be reclassified into gains and
losses
1. Changes in net liabilities or
assets with a defined benefit plan upon
re-measurement
2. Enjoyable shares in other
comprehensive incomes in investees that
cannot be reclassified into gains and
losses under the equity method
(II) Other comprehensive incomes
-125,127,595.63 3,545,625.00
that will be reclassified into gains and
21
Report for the Third Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
losses
1. Enjoyable shares in other
comprehensive incomes in investees that
will be reclassified into gains and losses
under the equity method
2. Gains and losses on fair
value changes of available-for-sale -125,127,595.63 3,545,625.00
financial assets
3. Gains and losses on
reclassifying held-to-maturity
investments into available-for-sale
financial assets
4. Effective hedging gains and
losses on cash flows
5. Foreign-currency financial
statement translation difference
6. Other
After-tax net amount of other
comprehensive incomes attributable to
minority shareholders
VII. Total comprehensive incomes -164,557,164.79 -119,743,642.85
Attributable to owners of the
-159,314,370.97 -115,300,943.80
Company
Attributable to minority
-5,242,793.82 -4,442,699.05
shareholders
VIII. Earnings per share
(I) Basic earnings per share -0.08 -0.28
(II) Diluted earnings per share -0.08 -0.28
Where business mergers under the same control occurred in this period, the net profit achieved by the merged parties before the
business mergers was RMB 0.00, with the corresponding amount for the same period of last year being RMB 0.00.
6. Income statement of the Company for Jan.-Sept. 2015
Unit: RMB Yuan
Item Jan.-Sept. 2015 Jan.-Sept. 2014
I. Total sales 725,171.95 764,493.39
Less: cost of sales 83,719,539.15 53,245,760.93
Business taxes and surcharges 29,480.94 32,731.67
Distribution expenses
22
Report for the Third Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
Administrative expenses 11,214,452.02 12,262,413.57
Financial costs 71,787,389.46 46,476,199.37
Impairment loss 421,521.53 -5,792,278.88
Add: gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-”
124,091,473.54 490,427.58
means loss)
Including: income from investment
-251,281.51 -439,572.42
on associates and joint ventures
II. Business profit (“-” means loss) 41,097,106.34 -51,990,839.96
Add: non-operating income
Including: Gains on disposal of
non-current assets
Less: non-operating expense 25,441.43 1,520.22
Including: Losses on disposal of
24,864.21
non-current assets
III. Total profit (“-” means loss) 41,071,664.91 -51,992,360.18
Less: Income tax expense 15,210,270.77
IV. Net profit (“-” means loss) 25,861,394.14 -51,992,360.18
V. After-tax net amount of other
-125,127,595.63 3,545,625.00
comprehensive incomes
(I) Other comprehensive incomes that
will not be reclassified into gains and
losses
1. Changes in net liabilities or
assets with a defined benefit plan upon
re-measurement
2. Enjoyable shares in other
comprehensive incomes in investees
that cannot be reclassified into gains
and losses under the equity method
(II) Other comprehensive incomes
that will be reclassified into gains and -125,127,595.63 3,545,625.00
losses
1. Enjoyable shares in other
comprehensive incomes in investees
that will be reclassified into gains and
losses under the equity method
23
Report for the Third Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
2. Gains and losses on fair value
changes of available-for-sale financial -125,127,595.63 3,545,625.00
assets
3. Gains and losses on
reclassifying held-to-maturity
investments into available-for-sale
financial assets
4. Effective hedging gains and
losses on cash flows
5. Foreign-currency financial
statement translation difference
6. Other
VI. Total comprehensive incomes -99,266,201.49 -48,446,735.18
VII. Earnings per share
(I) Basic earnings per share
(II) Diluted earnings per share
7. Consolidated cash flow statement for Jan.-Sept. 2015
Unit: RMB Yuan
Item Jan.-Sept. 2015 Jan.-Sept. 2014
I. Cash flows from operating activities:
Cash received from sale of
464,057,196.56 168,677,691.27
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 financial
assets measured at fair value of which
changes are recorded into current gains
24
Report for the Third Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
and losses
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
57,297,066.58 46,522,309.71
operating activities
Subtotal of cash inflows from operating
521,354,263.14 215,200,000.98
activities
Cash paid for goods and services 151,010,951.28 216,093,878.66
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
charges and commissions
Cash for paying policy dividends
Cash paid to and for employees 125,685,631.00 110,506,572.34
Various taxes paid 28,830,818.66 14,998,983.36
Other cash payment relating to
66,632,034.42 51,117,508.46
operating activities
Subtotal of cash outflows from
372,159,435.36 392,716,942.82
operating activities
Net cash flows from operating activities 149,194,827.78 -177,516,941.84
II. Cash flows from investing activities:
Cash received from withdrawal of
143,040,794.42 36,060,000.00
investments
Cash received from return on
37,638.27
investments
Net cash received from disposal of
fixed assets, intangible assets and other 2,776,032.92 1,431,297.50
long-term assets
25
Report for the Third Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
13,871.23
investing activities
Subtotal of cash inflows from investing
145,816,827.34 37,542,807.00
activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 18,128,819.64 74,743,707.79
assets
Cash paid for investment 28,169,000.00 8,000,000.00
Net increase of pledged loans
Net cash paid to acquire subsidiaries
and other business units
Other cash payments relating to
11,200,000.00
investing activities
Subtotal of cash outflows from
46,297,819.64 93,943,707.79
investing activities
Net cash flows from investing activities 99,519,007.70 -56,400,900.79
III. Cash Flows from Financing
Activities:
Cash received from capital
10,000,000.00
contributions
Including: Cash received from
minority shareholder investments by 0.00 10,000,000.00
subsidiaries
Cash received from borrowings 366,470,000.00 360,251,611.00
Cash received from issuance of
bonds
Other cash received relating to
37,177,853.73
financing activities
Subtotal of cash inflows from financing
403,647,853.73 370,251,611.00
activities
Repayment of borrowings 419,096,522.50 81,561,359.75
Cash paid for interest expenses and
62,543,953.15 27,395,486.41
distribution of dividends or profit
Including: dividends or profit paid
by subsidiaries to minority shareholders
Other cash payments relating to 22,583,416.40 26,291,122.74
26
Report for the Third Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
financing activities
Sub-total of cash outflows from
504,223,892.05 135,247,968.90
financing activities
Net cash flows from financing activities -100,576,038.32 235,003,642.10
IV. Effect of foreign exchange rate
changes on cash and cash equivalents
V. Net increase in cash and cash
148,137,797.16 1,085,799.47
equivalents
Add: Opening balance of cash and
97,404,192.62 62,362,242.69
cash equivalents
VI. Closing balance of cash and cash
245,541,989.78 63,448,042.16
equivalents
8. Cash flow statement of the Company for Jan.-Sept. 2015
Unit: RMB Yuan
Item Jan.-Sept. 2015 Jan.-Sept. 2014
I. Cash flows from operating activities:
Cash received from sale of
1,369,936.85 1,072,726.00
commodities and rendering of service
Tax refunds received
Other cash received relating to
242,033,473.56 9,706,686.76
operating activities
Subtotal of cash inflows from operating
243,403,410.41 10,779,412.76
activities
Cash paid for goods and services
Cash paid to and for employees 4,235,688.39 3,664,015.28
Various taxes paid 345,917.48 586,046.67
Other cash payment relating to
58,308,985.30 44,209,303.65
operating activities
Subtotal of cash outflows from
62,890,591.17 48,459,365.60
operating activities
Net cash flows from operating activities 180,512,819.24 -37,679,952.84
II. Cash flows from investing activities:
Cash received from withdrawal of
139,371,794.42 36,060,000.00
investments
Cash received from return on
investments
27
Report for the Third Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
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
investing activities
Subtotal of cash inflows from investing
139,371,794.42 36,060,000.00
activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 6,199.00 6,560.00
assets
Cash paid for investment 57,788,000.00 29,500,000.00
Net cash paid to acquire subsidiaries
and other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from
57,794,199.00 29,506,560.00
investing activities
Net cash flows from investing activities 81,577,595.42 6,553,440.00
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Cash received from borrowings 95,978,000.00 65,401,611.00
Cash received from issuance of
bonds
Other cash received relating to
financing activities
Subtotal of cash inflows from financing
95,978,000.00 65,401,611.00
activities
Repayment of borrowings 283,305,910.83 17,194,693.08
Cash paid for interest expenses and
31,719,616.22 11,956,273.88
distribution of dividends or profit
Other cash payments relating to
9,247,716.40 6,696,502.74
financing activities
Sub-total of cash outflows from
324,273,243.45 35,847,469.70
financing activities
28
Report for the Third Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
Net cash flows from financing activities -228,295,243.45 29,554,141.30
IV. Effect of foreign exchange rate
changes on cash and cash equivalents
V. Net increase in cash and cash
33,795,171.21 -1,572,371.54
equivalents
Add: Opening balance of cash and
2,034,649.76 1,650,620.37
cash equivalents
VI. Closing balance of cash and cash
35,829,820.97 78,248.83
equivalents
II. Auditor’s report
Is this report audited?
□ Yes √ No
This report is not audited.
29
