HaiNan Pearl River Holdings Co., Ltd. Semi-Annual Report 2017 (Abstract)
Stock Code: 000505, 200505 Stock Name: Pearl River A, Pearl River B Announcement No.: 2017-050
HAINAN PEARL RIVER HOLDINGS COMPANY LIMITED
SEMI-ANNUAL REPORT 2017 (ABSTRACT)
I Important Notes
This Abstract is based on the full text of the Semi-Annual Report. In order for a full understanding of the
operating results, financial condition and future development planning of the Company, investors are kindly
reminded to read the full text carefully on the media designated by the China Securities Regulatory Commission
(the “CSRC”).
The semi-annual financial report is unaudited.
The Company has no plans to distribute cash dividends or bonus shares and convert capital reserve into share
capital.
This Abstract has been prepared in both Chinese and English. Should there be any discrepancies or
misunderstandings between the two versions, the Chinese version shall prevail.
II Company Profile
1. Stock Profile
Stock name Pearl River A, Pearl River B Stock code 000505, 200505
Stock exchange Shenzhen Stock Exchange
Contact information Board Secretary Securities Representative
Name Zhao Yinhu
Jing Liang Building, 16 East Third Ring
Office address
Middle Road, Chaoyang District, Beijing
Tel. 010-51672029
E-mail 593374748@qq.com
2. Key Consolidated Financial Results
Indicate by tick mark whether the Company needs to retroactively adjust or restate any of its accounting data.
□ Yes √ No
Reporting Period Same period of last year +/- (%)
Operating revenues (RMB) 393,836,785.57 149,032,528.40 164.26%
Net profit attributable to shareholders of
17,226,146.52 -47,370,594.88 136.36%
the Company (RMB)
Net profit attributable to shareholders of
the Company before exceptional gains and 18,603,896.70 -85,764,505.67 121.69%
losses (RMB)
Net cash from operating activities (RMB) -69,730,210.02 161,345,565.54 -143.22%
Basic earnings per share (RMB/share) 0.04 -0.11 136.36%
Diluted earnings per share (RMB/share) 0.04 -0.11 136.36%
Weighted average return on equity (%) 23.37% 0.00% 23.37%
End of Reporting Period End of last year +/- (%)
Total assets (RMB) 1,126,499,389.90 1,385,469,635.17 -18.69%
Net assets attributable to shareholders of
82,314,449.40 65,088,302.88 26.47%
the Company (RMB)
3. Shareholders and Their Holdings at Period-End
Unit: share
Total number of preference
Total number of common shareholders with resumed
32,668 0
shareholders at period-end voting rights at period-end (if
any)
Top 10 shareholders
Name of Nature of Shareholding Total shares Pledged or frozen shares
Restricted shares held
shareholder shareholder percentage held Status Number
Beijing Grain State-owned 28.95% 123,561,963
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HaiNan Pearl River Holdings Co., Ltd. Semi-Annual Report 2017 (Abstract)
Group Co., Ltd. corporation
Li Sheryn Zhan Foreign
4.90% 20,909,400
Ming individual
Domestic
Dong Xueliang 0.67% 2,844,041
individual
Domestic
Mei Jianying 0.61% 2,583,803
individual
Domestic
Xu Zhen 0.57% 2,425,500
individual
Domestic
Yang Shuling 0.47% 2,000,000
individual
Foreign
Yao Liyuan 0.46% 1,950,000
individual
Domestic
Zhang Xiaoxia 0.46% 1,949,250
individual
Domestic
Wang Xiaoxing 0.43% 1,836,500
individual
Domestic
Jiao Qingling 0.41% 1,770,759
individual
Among shareholders above, there exists no related-party relationship between the primaryl
shareholder and other shareholders of the Company. Neither are parties with concerted action as
Related or acting-in-concert
prescribed in the Information Disclosure Administrative Methods for Changes in Shareholding of
parties among shareholders
Shareholders of Listed Companies. And it is unknown whether there is related-party relationship
above
among other shareholders and whether they are belong to prescribed parties with concerted
action.
Shareholder Dong Xueliang held 600,000 shares in the Company through his account of
Shareholders conducting
collateral securities for margin trading and held 2,244,041 shares in the Company through his
securities margin trading (if any)
common stock account in China Galaxy Securities Co., Ltd..
4. Change of Controlling Shareholder or Actual Controller in Reporting Period
The controlling shareholder remained the same in the Reporting Period.
The actual controller remained the same in the Reporting Period.
5. Number of Preference Shareholders and Shareholdings of Top 10 of Them
No preference shareholders in the Reporting Period.
6. Corporate bonds
Does the Company have any corporate bonds publicly offered and listed on the stock exchange, which were undue
before the approval date of this Report or were due but could not be redeemed in full?
No.
III Performance Discussion and Analysis
1. Performance Review for Reporting Period
In the first half of 2017, the Company proactively carried forward its reorganization program while paying
adequate attention to its other operations. As a result, for this period, the Company achieved, on a consolidated
basis, operating revenues of RMB393.8368 million and net profit of RMB20.5404 million.
(1) Carrying forward the reorganization program solidly
The significant assets restructuring of the Company and Beijing Grain Group Co., Ltd. (BGG) are in the orderly
process of promotion. On the first half year of 2017, the Company studied the related questions and feedback
carefully and implemented them term by term according to Notice about the First Feedback of Administrative
License Projects Review of CSRC and Notice about the Second Feedback of Administrative License Projects
Review of CSRC. The Company replied the listed questions according to the requirements of feedback, and
updated and revised related materials, such as audit report, assessment report, preparation for review report, and
reorganization report, etc. This significant assets restructuring was conditionally passed by listed companies’
mergers and restructuring review committee of CSRC on June 28. On July 28, this significant assets restructuring
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HaiNan Pearl River Holdings Co., Ltd. Semi-Annual Report 2017 (Abstract)
acquired The Approval about Checking and Approving HaiNan Pearl River Holdings Co., Ltd. to Issue Shares to
Purchase Assets and Raise Supporting Funds to Companies, like BGG, etc. Recently, the Company is conducting
the delivery work of this significant assets restructuring.
(2) Operation Review
Firstly, the property sells well. In the first half of 2017, even though the real estate market of Wuhan, Hubei was
influenced by a series of finance and policies such as purchase restriction, monitoring of house price and tighter
mortgage loan, the sales of real estate still went well for the decrease of pusher. Thus, the sales of Meilin
Qingcheng Phase III Project of Wuhan, Hubei went smoothly. In the first half of 2017, the real estate development
business generated operating revenue of RMB235.7708 million and net profits of RMB32.9709 million.
Secondly, the property management runs smoothly. The property management business of the Company runs
smoothly with no efficient optimization for project structures and relatively low profit margin. The operating
revenue and net profits generated from property management are respectively RMB147.2127 million and
RMB-1.4795 million for the first half of 2017. There are a total of 86 management projects covering over
7,600,000m2 including 14 office projects and 66 residential projects accounting for 80% most of which are old
projects. With the aging facilities, the rapid increase of operating cost without rising of property fees for many
years further compresses the profit space of property management business.
Thirdly, the hotel service business remains distressed. The Company’s subsidiary Mudanjiang Tourism Group is
mainly in charge of the construction and operation of Snow Land. Because of the large investment by the
Company recently in infrastructure and tourism facilities of Snow Land, high financing cost and gradual transfer
of constructions in progress into fixed assets generating great depreciation expense, it is difficult to make profits
in a short time. In the first half of 2017, the operating revenue and net profits generated by hotel & tourism service
are respectively RMB10.8533 million and RMB-10.9509 million.
2. Matters Related to Financial Report
(1) Changes in Accounting Policies, Accounting Estimations and Measurement Methods Compared to Last
Accounting Period
No such cases.
(2) Retroactive Restatements due to Correction of Significant Accounting Errors in Reporting Period
No such cases.
(3) Changes in Scope of Consolidated Financial Statements Compared to Last Accounting Period
No such cases.
Hainan Pearl River Holdings Co., Ltd.
August 25, 2017
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