Abstract of the Report for the First Quarter of 2016 of HaiNan Pearl River Holdings Co., Ltd.
Stock Code: 000505, 200505 Stock Name: *ST Pearl River A, *ST Pearl River B Announcement No.: 2016-023
HaiNan Pearl River Holdings Co., Ltd.
Abstract of the Report for the First Quarter of 2016
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Abstract of the Report for the First Quarter of 2016 of HaiNan Pearl River Holdings Co., Ltd.
Section I Important Statements
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 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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Abstract of the Report for the First Quarter of 2016 of HaiNan Pearl River Holdings Co., Ltd.
Section II Financial Results and Changes in Shareholders
I Financial results
Whether the Company performed any retroactive adjustments to or restatement of its accounting data due to changes of accounting
policies or correction of accounting errors
□ Yes √ No
January-March 2016 January-March 2015 +/-%
Operating revenues (RMB) 80,025,245.10 78,326,856.68 2.17%
Net profit attributable to shareholders of
-38,541,192.11 69,940,735.03 -155.11%
the Company (RMB)
Net profit attributable to shareholders of
the Company after excluding exceptional -38,415,455.62 -55,022,579.89 30.18%
profit and loss (RMB)
Net operating cash flow (RMB) 124,823,160.52 -48,534,275.41 357.19%
Basic earnings per share (RMB/share) -0.09 0.16 -156.25%
Diluted earnings per share (RMB/share) -0.09 0.16 -156.25%
Weighted average return on equity (%) 0.00% 0.00% 0.00%
31 March 2016 31 December 2015 +/-%
Total assets (RMB) 1,759,632,821.79 1,714,444,000.65 2.64%
Net assets attributable to shareholders of
-255,678,061.26 -217,136,869.15 -17.75%
the Company (RMB)
Exceptional profit and loss
√ Applicable □ Not applicable
Unit: RMB
Item January-March 2016 Note
Profit/loss on disposal of non-current assets (including offset
37,402.65
amount of asset impairment provisions)
Capital occupation charges on non-financial enterprises that are
316,126.72
charged to the profit/loss for the Reporting Period
Non-operating income and expense other than the above -496,527.06
Less: Income tax effects -14,645.06
Minority interests effects (after tax) -2,616.14
Total -125,736.49 --
Explanation of why the Company classified an item as exceptional profit/loss according to the definition in the Explanatory
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Profit and Loss,
or reclassified any exceptional profit/loss item given as an example in the said explanatory announcement to recurrent profit/loss
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Abstract of the Report for the First Quarter of 2016 of HaiNan Pearl River Holdings Co., Ltd.
□ Applicable √ Not applicable
No such cases in the Reporting Period.
II Total number of shareholders at the period-end and shareholdings of top ten shareholders
1. Numbers of common shareholders and preference shareholders with resumed voting rights as well as
shareholdings of top ten shareholders
Unit: share
Total number of preference
Total number of common shareholders with resumed
40,864 0
shareholders at the period-end voting rights at the period-end
(if any)
Shareholdings of top ten 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
2.58% 11,015,000
WEI individual
YAO XIU Foreign
2.31% 9,850,128
GUANG individual
Chongqing
International
Trust Co.,
Domestic
Ltd.—Yuxin
non-state-owned 1.77% 7,560,563
Innovation
corporation
Advantage No. 11
Assembled Funds
Trust
Domestic
Xu Zhen 0.58% 2,462,200
individual
BANK OF
COMMUNICATIONS
CO—Chang Xin Domestic
Quantitative non-state-owned 0.55% 2,326,973
Pioneer Hybrid corporation
Securities
Investment Funds
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Abstract of the Report for the First Quarter of 2016 of HaiNan Pearl River Holdings Co., Ltd.
Overseas
Yao Liyuan 0.47% 2,005,600
individual
Domestic
Zhang Xiaoxia 0.46% 1,949,250
individual
Domestic
Zhong Yi 0.39% 1,676,018
individual
Domestic
Zeng Ping 0.37% 1,600,000
individual
Shareholdings of top ten non-restricted shareholders
Variety of shares
Name of shareholder Number of non-restricted shares held
Variety Number
Beijing Wanfa Real Estate RMB common
112,479,478 112,479,478
Development Co., Ltd. shares
Domestically
LI LEON ZHAN WEI 11,015,000 listed foreign 11,015,000
shares
Domestically
YAO XIU GUANG 9,850,128 listed foreign 9,850,128
shares
Chongqing International Trust Co.,
Ltd.—Yuxin Innovation Advantage 7,560,563 Other 7,560,563
No. 11 Assembled Funds Trust
RMB common
Xu Zhen 2,462,200 2,462,200
shares
BANK OF COMMUNICATIONS CO—Chang
Xin Quantitative Pioneer Hybrid 2,326,973 Other 2,326,973
Securities Investment Funds
Domestically
Yao Liyuan 2,005,600 listed foreign 2,005,600
shares
Domestically
Zhang Xiaoxia 1,949,250 listed foreign 1,949,250
shares
RMB common
Zhong Yi 1,676,018 1,676,018
shares
RMB common
Zeng Ping 1,600,000 1,600,000
shares
Related or acting-in-concert parties Among shareholders above, there exists no related-party relationship between the principal
among the above shareholders shareholder and other shareholders of the Company. Nor they are parties with concerted
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Abstract of the Report for the First Quarter of 2016 of HaiNan Pearl River Holdings Co., Ltd.
action as prescribed in the Information Disclosure Administrative Methods for Changes in
Shareholding of Shareholders of Listed Companies. And it is unknown whether there is
related-party relationship among other shareholders and whether they are prescribed parties
with concerted action.
The shareholder, Zhong Yi held 1,676,018 shares of the Company through the customer credit
Top ten common shareholders collateral securities trading account of Fortune Securities Co., Ltd.. The shareholder, Zeng
conducting securities margin trading Ping held 700,000 shares of the Company through common account and held 900,000 shares
(if any) of the Company through the customer credit collateral securities trading account of CDB
Securities Co., Ltd..
Did any of the top ten common shareholders or the top ten 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 preference shareholders and shareholdings of the top ten of them
□ Applicable √ Not applicable
Section III Significant Events
I Changes in major accounting statement items and financial indicators for the Reporting
Period, as well as reasons for such changes
√ Applicable □ Not applicable
Item 31 March 2016 31 December 2015 +/-% Reason for change
Accounts receivable 21,565,339.62 25.66% The property management and hotel revenue
17,161,981.62 increased.
Accounts received in 621,006,892.30 428,054,670.19 45.08% The advances from house buyers to subsidiary Hubei
advance Pearl River increased.
Taxes and fares -23,579,798.15 -5,255,663.63 -348.66% Subsidiary Hubei Pearl River prepaid the taxes and
payable fares in relation to the advances from its house
buyers.
Non-current liabilities 281,035,064.06 353,287,364.69 -20.45% Some borrowings were repaid in the current period.
due within one year
January-March
Item January-March 2016 +/-% Reason for change
2015
Selling expenses 4,500,007.25 199.91% The sales agency fees of subsidiary Hubei Pearl
1,500,474.19 River increased.
Return on investment 124,156,283.22 -100.10% The same period of last year saw an income from the
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Abstract of the Report for the First Quarter of 2016 of HaiNan Pearl River Holdings Co., Ltd.
-120,373.11 transfer of Southwest Securities shares, while there
were no such events in the current period.
Corporate income tax 29,699.94 -99.81% Deferred income tax assets were reversed and the
15,230,829.05 corporate income tax increased in the same period of
last year, while there were no such events in the
current period.
Minority interest -2,335,161.42 -44.61% Loss on subsidiary Hubei Pearl River, Hebei
income -1,614,748.59 Zhengshi Qinghui and Heilongjiang Longshi
Other composite 0.00 -125,127,595.63 100.00% The same period of last year saw an income from the
income transfer of Southwest Securities shares, while there
were no such events in the current period.
Net operating cash 124,823,160.52 -48,534,275.41 357.19% The advances from house buyers to subsidiary Hubei
flow Pearl River increased.
Net investment cash 7,258,357.17 125,505,176.42 -94.22% The same period of last year saw an income from the
flow transfer of Southwest Securities shares, while there
were no such events in the current period.
Net financing cash -127,094,529.15 -37,423,511.48 239.61% Some borrowings were repaid in the current period.
flow
II Progress of significant events and analysis & explanations on their influence and solutions
□ Applicable √ Not applicable
III Commitments of the Company, its shareholders, actual controller, acquirer, directors,
supervisors, senior management or other related parties fulfilled in the Reporting Period or
ongoing at the period-end
□ Applicable √ Not applicable
No such cases in the Reporting Period.
IV Operating result forecast for January-June 2016
Warning of a forecast deficit or considerable YoY change in the accumulative net profit made during the period from the beginning of
the year to the end of the next reporting period, as well as explanation of why:
□Applicable √ Not applicable
V Securities investments
□ Applicable √ Not applicable
No such cases in the Reporting Period.
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Abstract of the Report for the First Quarter of 2016 of HaiNan Pearl River Holdings Co., Ltd.
VI Investments in derivative financial instruments
□ Applicable √ Not applicable
No such cases in the Reporting Period.
VII Visits paid to the Company in the Reporting Period for purposes of research,
communication, interview, etc.
√ Applicable □ Not applicable
Date of visit Way of visit Type of visitor Index to main inquiry information
Known about the operation situation of
2016-01-08 Telephone communication Individual
the Company
2016-01-09 Telephone communication Individual Query name lists of shareholders
Known about the operation situation of
2016-01-22 Telephone communication Individual
the Company
2016-02-28 Telephone communication Individual Disclosure time of annual report
Known about the sale progress of the
2016-03-24 Telephone communication Individual
assets of the Company
VIII Illegal provision of guarantees for external parties
□ Applicable √ Not applicable
No such cases in the Reporting Period.
IX Occupation of the Company’s funds by the controlling shareholder or its related parties
for non-operating purposes
□ Applicable √ Not applicable
No such cases in the Reporting Period.
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