ST珠江B第三季度报告全文英文版

1、hainan pearl river holdings co., ltd.the third quarterly report 2011(un-audited)october 201111to-0.00hainan pearl river holdings co., ltd.the third quarterly report 2011 important notice1.1 the board of directors, the supervisory committee, directors, supervisors andother senior management personnel

2、 of hainan pearl river holdings co., ltd.(hereinafter referred to as the company) hereby guarantee that this report carries nofalse information, misleading statements or major omissions, and accept, individuallyand collectively, the responsibility for the factuality, accuracy and completeness of the

3、information set forth herein.1.2 the financial report in this quarterly report has not been audited by a cpa firm.1.3 mr. zheng qing (chairman of the board and gm of the company), mr. chenbinglian (standing vice gm and financial principal of the company) and mr. yangdaoliang (vice gm and manager of

4、the financial department) hereby confirm thatthe financial report enclosed in this quarterly report is factual and complete.2. company profile2.1 main accounting data and financial indicatorsunit: rmb yuanas at 30 sept. 2011as at 31 dec. 2010increase/decrease (%)total assets (yuan)owners equity attr

5、ibutableshareholders of the company (yuan)share capital (share)1,344,889,368.89438,776,563.16426,745,404.001,448,885,550.24497,295,405.44426,745,404.00-7.18%-11.77%0.00%net assets per share attributable toshareholders of the company (yuan1.031.17-11.97%/share)jul.-sept. 2011increase/decreaseyear-on-

6、year (%)jan.-sept. 2011increase/decreaseyear-on-year (%)total operating income (yuan)net profit attributable to shareholders ofthe company (yuan)net cash flows generated from operatingactivities (yuan)net cash flows per share generated fromoperating activities (yuan /share)basic eps (yuan /share)dil

7、uted eps (yuan /share)weighted average roe (%)weighted average roe after deductingnon-recurring gains and losses (%)37,014,691.21-18,290,101.17-0.04-0.04-3.95%-6.26%-26.52%-61.74%-33.33%-33.33%-1.82%-3.51%181,307,464.94-33,331,967.28-47,655,272.57-0.11-0.08-0.08-7.12%-13.68%-69.50%-184.16%-173.87%-1

8、73.33%-188.89%-188.89%-13.83%-18.08%items of non-recurring gains and lossesvapplicable? non-applicableunit: rmb yuanitems of non-recurring gains and lossesreturn reduction and exemption of taxes by surpassing approvalor without official approval document or occasionallycapital occupation fees receiv

9、ed from non-financial enterprisesrecorded into current gains and lossesother non-operating incomes and expenses besides the above eachitem mentionedother gain/loss items that satisfy the definition of non-recurringgains and losseseffect on minority interesteffect on income taxgains and losses from c

10、onsigned others to invest or manage theassets2amount-15,679.2110,699,125.71381,007.5520,989,105.78-475,212.12-885,778.44notes (if applicable)-3oftotal30,692,569.272.2 total number of shareholders at period-end and shareholding of top tenshareholders holding tradable sharesunit: sharetotal number of

11、shareholders at the period-endshareholding of top ten shareholders holding tradable shares45,734full name of shareholdernumber of tradable shares held atperiod-endtype of sharebeijing wanfa real estate development co.,ltd.hu jiexiongxia caizhenchen yunxuanqu chenpan zhihuizhang xiaoxiazhou miaojihu

12、haiyangou lei112,479,478 rmb ordinary shares3,000,000 rmb ordinary shares2,915,127 rmb ordinary shares2,551,502 rmb ordinary shares2,213,400 domestically listed foreign shares2,180,000 rmb ordinary shares1,949,250 domestically listed foreign shares1,257,974 rmb ordinary shares1,216,925 rmb ordinary

13、shares1,206,348 rmb ordinary shares significant events3.1 significant changes in main accounting statement items and financial indicators aswell as reasons for these changesvapplicable? non-applicableunit: rmb yuanitemoperating revenuesoperating costsjan.-sept. 2011181,307,464.94116,053,134.54jan.-s

14、ept. 2010594,410,243.55400,622,277.11increase/ decrease(%)-69.50-71.03main reasons for the movementreal estate sales incomedecreased significantly.real estate sales incomedecreased significantly.businesssurtaxestaxand19,919,004.7169,081,371.81-71.17real estate sales incomedecreased significantly.sel

15、ling expense4,402,530.398,346,281.40-47.25decreaseexpense, etc.advertisingtheconsolidationscopeadministrativeexpense57,713,451.8542,847,428.5134.70expanded and the labor and thelabor and depreciation costsincreased.debt investments into externalfinancial expense29,180,612.1018,999,304.7953.59parties

16、 decreased and theinterest income decreasedaccordingly.the inventory falling priceprovision of rmb 7.20 millionassetlossimpairment1,841,485.18-4,915,951.63137.46for the former yanjiang roadno. 1 project was reversed inthe same period of last yearwhile there was no such a casein the current period.ga

17、insfrominvestmentinvestment gains20,303,937.79-135,525.8815081.59cooperationprojectswithexternal partiesdecrease of the real estate salesincome and profit of theincome tax expense6,016,502.5113,811,737.36-56.44subsidiary hubei pearl riverreal estate development co.,ltd.3ompany paidinotherincomecompo

18、site-25,186,875.00-165,436,444.6784.78fair value changes of thesouthwest securities sharesheld by the companynet cash flows fromoperating activitiesnet cash flows frominvesting activitiesnet cash flows fromfinancing activitiesitem-47,655,272.57-21,309,942.92-16,797,909.8230 sept. 201164,510,672.38-1

19、45,571,521.53-152,444,221.7831 dec. 2010-173.8785.3688.98increase/ decrease(%)real estate sales incomedecreased.call-back of principals andinterest of the debt investmentsinto external partiescash paid for debt repaymentdecreased.main reasons for the movementreal estate sales incomemonetary funds50,

20、613,725.88136,376,851.19-62.89 decreased. the cfor joint investment and repaidsome debts.constructionprocess16,965,537.094,732,000.00more input to the xuexiang258.53 tourist attraction and hotelprojectaccounts payable24,307,951.6137,588,815.47-35.33 paymentsconstructionforprojectthe recognized real

21、estateaccounts received inadvance20,134,357.4539,134,147.85sales income of the subsidiary-48.55 hubei pearl river real estatedevelopment co., ltd. wastransferred.taxespayableandfares7,821,588.3030,809,972.66the subsidiary hubei pearl-74.61 river real estate developmentco., ltd. paid taxes.some long-

22、term borrowings ofnon-currentthe company and its subsidiaryliabilities due within232,000,000.000.00 sanyawanjiahotelone yearm anagement co., ltd. were tobecome due within one year.some long-term borrowings oflong-termborrowings93,000,000.00325,000,000.00the company and its subsidiary-71.38 sanya wan

23、jia hotelmanagement co., ltd. were tobecome due within one year.3.2 progress of significant events as well as their influence and solutions3.2.1 non-standard audit opinion?applicablevinapplicable3.2.2 the company provides funds for the controlling shareholder or its relatedparties or provides extern

24、al guarantees in violation of the prescribed procedure?applicablevinapplicable3.2.3 significant contracts signed and executed concerning routine operation?applicable3.2.4 others?applicablevinapplicablevinapplicable3.3 fulfillment of commitments made by the company, shareholders and the actualcontrol

25、lercommitments made by the company, its directors, supervisors, senior executives,shareholders with an over 5% shareholding, actual controller and other stakeholdersduring the reporting period, or such commitments carried down into the reportingperiod:?applicablevinapplicable3.4 warnings of possible

26、 losses or major changes of the accumulative net profitachieved during the period from year-begin to the end of the next reporting periodcompared with the same period of last year, as well as explanation on reasons4?applicablevinapplicable3.5 other significant events that need to be explained3.5.1 i

27、nvestments into securities?applicablevinapplicable3.5.2 reception of research, interviews and visits in the reporting periodno field researches, phone calls or written inquiries were received from investors inthe reporting period.3.6 derivative investments?applicablevinapplicable3.6.1 derivative inv

28、estments held at the end of the reporting period?applicablevinapplicablechairman of the board of directors: zheng qinghainan pearl river holdings co., ltd.26 october 20114 attachments4.1 balance sheetprepared by hainan pearl river holdings co., ltd.30 sept. 2011.unit: rmb yuanitemsbalance as at 30 s

29、ept. 2011balance as at 31 dec. 2010consolidationthe companyconsolidationthe companycurrent assets:monetary funds50,613,725.881,953,373.20136,376,851.1947,697,821.48settlement fundsoutgoing call loanstransaction financial assetnotes receivableaccount receivableprepayment7,211,436.7865,058,695.391,072

30、,285.5150,000,000.003,627,245.6653,898,082.241,039,916.1150,070,000.00insurance premium receivablesreinsuranceaccountsreceivablereinsurance contract reservereceivablesinterest receivabledividend receivableother accounts receivable260,015.00299,398,164.10260,015.00398,243,403.53260,015.00258,266,331.

31、45260,015.00289,469,963.47financial assets purchasedunder agreements to resellinventories121,777,671.7912,782,893.61154,866,011.0812,782,893.61non-current assets due within 1yearother current assetstotal current assets544,319,708.94464,311,970.85607,294,536.62401,320,609.67non-current assets:5sloan

32、and payment on otherbehalf disbursedavailable for sale financialassets353,115,000.00353,115,000.00386,697,500.00386,697,500.00held to maturity investmentslong-term account receivablelong-term equity investmentinvestment propertyfixed assetproject in processengineering material50,990,471.6019,147,484

33、.81317,376,197.8716,965,537.09606,206.60301,388,841.3119,653,538.7851,675,639.5919,898,962.92334,512,524.544,732,000.00606,206.60296,974,009.3021,376,736.10fixed asset disposalproduction biological assetoil-gas assetsintangible assets32,691,263.151,612,620.1533,492,984.341,648,367.88development expe

34、nsegoodwilllong-term deferred expensedeferred tax assetsother non-current assets9,677,498.839,975,195.63total non-current assetstotal assets800,569,659.951,344,889,368.89675,770,000.241,140,081,971.09841,591,013.621,448,885,550.24706,696,613.281,108,017,222.95current liabilities:short-term borrowing

35、sborrowing from central bankdeposits received and held forotherscall loan receivedtransaction financial liabilitiesnotes payableaccount payableaccount received in advance24,307,951.6120,134,357.452,482,949.70270,485.0037,588,815.4739,134,147.853,782,949.70financial assets sold underagreements to rep

36、urchasehandling charges andcommission payablepayroll payabletaxes payableinterest payabledividend payableother payables5,108,113.797,821,588.3089,563,307.293,213,302.88338,772,126.35408,100.86-2,392,636.0957,195,372.833,213,302.88347,109,250.245,631,750.0430,809,972.6685,390,223.023,213,302.88329,31

37、6,226.89492,944.38-2,851,226.0951,834,549.233,213,302.88266,835,267.946sssaccount due to reinsuranceinsurance contract reserveentrusted trading of securitiesentrusted selling of securitiesnon-currentwithin 1 yearliabilitiesdue232,000,000.00220,000,000.00other current liabilitiestotal current liabili

38、ties720,920,747.67628,286,825.42531,084,438.81323,307,788.04non-current liabilities:long-term borrowings93,000,000.00325,000,000.00220,000,000.00bonds payablelong-term payablesspecific payablesestimated liabilitiesdeferred taxes liabilities65,889,513.8064,837,500.0074,285,138.8073,233,125.00other no

39、n-current liabilitiestotal non-current liabilitiestotal liabilities158,889,513.80879,810,261.4764,837,500.00693,124,325.42399,285,138.80930,369,577.61293,233,125.00616,540,913.04owner equity (or shareholdersequity):paid-in capital (or share capital)capital reserve426,745,404.00580,077,280.97426,745,

40、404.00583,093,620.51426,745,404.00605,264,155.97426,745,404.00608,280,495.51less: treasury stockspecific reservessurplus reserves114,177,485.88109,487,064.39114,177,485.88109,487,064.39general risk provisionretained earnings-682,223,607.69-672,368,443.23-648,891,640.41-653,036,653.99foreign exchange

41、 differencetotal equity attributable to ownersof the companyminority interesttotal owner equity438,776,563.1626,302,544.26465,079,107.42446,957,645.67446,957,645.67497,295,405.4421,220,567.19518,515,972.63491,476,309.91491,476,309.91total liabilitiesequityandowner1,344,889,368.891,140,081,971.091,44

42、8,885,550.241,108,017,222.954.2 income statement for jul.-sept. 2011prepared by hainan pearl river holdings co., ltd.jul.-sept. 2011unit: rmb yuanitemsjul.-sept. 2011jul.-sept. 2010consolidationthe companyconsolidationthe companyi. total salesincluding: sales37,014,691.2137,014,691.21126,370.00126,3

43、70.0050,373,671.4050,373,671.4066,970.0066,970.007interests incomepremium incomehandlingchargesandcommission incomeii. total cost of salesincluding: cost of sales76,229,393.2629,535,808.2527,757,834.2813,289.2560,088,289.1733,955,465.785,559,167.4913,289.25interests expenseshandlingchargesandcommiss

44、ion incomeinsurance discharge paymentclaim expenses-netprovision for insurance contractreserves-netinsurance policy dividend paidreinsurance expensebusiness taxes and surchargesdistribution expensesadministrative expensesfinancial costsassets impairment loss2,795,706.50808,936.2717,992,016.6223,424,

45、772.741,672,152.887,076.733,333,366.1522,116,809.722,287,292.435,276,755.631,761,409.8712,994,666.476,301,043.82-201,052.407,366.702,468,578.252,736,412.70333,520.59add: gain/(loss) from change infair value (“-” means loss)investment gains (“-” meansloss)including:incomefrominvestment on affiliated

46、enterprise20,708,753.71-280,352.0720,708,753.71-200,390.44-200,390.44-200,390.44and jointly enterpriseforeign exchange difference(“-” means loss)iii. operating profit (“-” meansloss)add: non-business incomeless: non-business expense-18,505,948.342,666.3753.51-6,922,710.5751.43-9,915,008.2125,965.006

47、0,000.00-5,692,587.93including: loss from non-currentasset disposal0.00iv. total profit (“-” means loss)less: tax expensev. net profit (“-”means loss)attributable to equity holders ofthe companyminority interests-18,503,335.48583,213.92-19,086,549.40-18,290,101.17-796,448.23-6,922,762.00-6,922,762.0

48、0-6,922,762.000.00-9,949,043.21931,171.76-10,880,214.97-11,308,336.38428,121.41-5,692,587.93-5,692,587.93-5,692,587.93vi. earnings per share(i) basic earnings per share(ii) diluted earnings per share-0.04-0.04-0.03-0.03. other comprehensive income. total comprehensive income-31,171,875.00-50,258,424

49、.40-31,171,875.00-38,094,637.002,493,750.00-8,386,464.972,493,750.00-3,198,837.938attributable to owners of thecompanyattributable to minorityshareholders-49,461,976.17-796,448.23-38,094,637.00-8,814,586.38428,121.41-3,198,837.93where there were business combinations under the same control in this r

50、eportingperiod, the combined parties achieved net profit of rmb 0.00 before thecombinations.4.3 income statement for jan.-sept. 2011prepared by hainan pearl river holdings co., ltd.jan.-sept. 2011itemsjan.-sept. 2011unit: rmb yuanjan.-sept. 2010consolidationthe companyconsolidationthe companyi. tota

51、l salesincluding: sales181,307,464.94181,307,464.94319,710.00319,710.00594,410,243.55594,410,243.5581,997,613.2081,997,613.20interests incomepremium incomehandlingchargesandcommission incomeii. total cost of salesincluding: cost of sales229,110,218.77116,053,134.5439,932,806.3839,867.75534,980,711.9

52、9400,622,277.1177,737,944.6442,184,251.33interests expenseshandlingchargesandcommission incomeinsurance discharge paymentclaim expenses-netprovision for insurance contractreserves-netinsurance policy dividend paidreinsurance expensebusiness taxes and surchargesdistribution expensesadministrative exp

53、ensesfinancial costsassets impairment loss19,919,004.714,402,530.3957,713,451.8529,180,612.101,841,485.1853,627.5815,000.0012,114,180.8525,882,894.771,827,235.4369,081,371.818,346,281.4042,847,428.5118,999,304.79-4,915,951.6320,132,259.9024,477.0011,191,400.049,158,514.18-4,952,957.81add: gain/(loss

54、) from change infair value (“-” means loss)investment gains (“-” meansloss)including:incomefrominvestment on affiliated enterprise20,303,937.79-685,167.9920,303,937.79-685,167.99-135,525.88-135,525.88-135,525.88-135,525.88and jointly enterpriseforeign exchange difference(“-” means loss)iii. operatin

55、g profit (“-” meansloss)add: non-business incomeless: non-business expense-27,498,816.04433,052.3767,724.03-19,309,158.5922,630.6559,294,005.681,735,978.72173,530.624,124,142.681,710,013.7214,023.129itemsincluding: loss from non-currentasset disposaliv. total profit (“-” means loss)less: tax expense

56、v. net profit (“-” means loss)attributable to equity holders ofthe companyminority interests15,679.21-27,133,487.706,016,502.51-33,149,990.21-33,331,967.28181,977.0712,915.00-19,331,789.24-19,331,789.24-19,331,789.240.0032,373.0360,856,453.7813,811,737.3647,044,716.4239,603,368.127,441,348.3014,023.

57、125,820,133.285,820,133.285,820,133.28vi. earnings per share(i) basic earnings per share(ii) diluted earnings per share-0.08-0.080.090.09. other comprehensive income. total comprehensive incomeattributable to owners of thecompanyattributable to minorityshareholders-25,186,875.00-58,336,865.21-58,518

58、,842.28181,977.07-25,186,875.00-44,518,664.24-44,518,664.24-165,436,440.67-118,391,724.25-125,833,072.557,441,348.30-168,177,789.56-162,357,656.28-162,357,656.28where there were business combinations under the same control from the year-beginto the period-end, the combined parties achieved net profi

59、t of rmb 0.00 before thecombinations.4.4 cash flow statement for jan.-sept. 2011prepared by hainan pearl river holdings co., ltd.jan.-sept. 2011unit: rmb yuan1. cash flows from operatingactivities:jan.-sept. 2011consolidation the companyjan.-sept. 2010consolidation the companycash received from sale

60、s ofgoods or rendering of services153,174,156.59707,165.00311,056,465.1963,062,832.61net increase of depositsreceived and held for othersnet increase of loans fromcentral banknet increase of call loansfrom other financial institutionscashreceivedagainstoriginal insurance contractnet cash received fr