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1、,HAINAN PEARL RIVER HOLDINGS CO.,LTD.,THE THIRD QUARTERLY REPORT 2011,(Un-audited),October 2011,1,1,to,-,-,-,-,0.00,HAINAN PEARL RIVER HOLDINGS CO.,LTD.THE THIRD QUARTERLY REPORT 2011 Important Notice1.1 The Board of Directors,the Supervisory Committee,directors,supervisors andother senior managemen
2、t personnel 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
3、 theinformation 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 the
4、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 Yuan,As at 30 Sept.2011,As at 31 Dec.2010,Increase/decrease(%),Total assets(Yuan)Owners equity attributabl
5、eshareholders of the Company(Yuan)Share capital(Share),1,344,889,368.89438,776,563.16426,745,404.00,1,448,885,550.24497,295,405.44426,745,404.00,-7.18%-11.77%0.00%,Net assets per share attributable to,shareholders of the Company(Yuan,1.03,1.17,-11.97%,/share),Jul.-Sept.2011,Increase/decreaseyear-on-
6、year(%),Jan.-Sept.2011,Increase/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)Diluted EP
7、S(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%-173.33%-
8、188.89%-188.89%-13.83%-18.08%,Items of non-recurring gains and losses,vApplicable,?Non-applicable,Unit:RMB Yuan,Items of non-recurring gains and lossesReturn reduction and exemption of taxes by surpassing approvalor without official approval document or occasionallyCapital occupation fees received f
9、rom 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 consi
10、gned others to invest or manage theassets2,Amount-15,679.2110,699,125.71381,007.5520,989,105.78-475,212.12-885,778.44,Notes(If applicable),-,3,of,Total,30,692,569.27,2.2 Total number of shareholders at period-end and shareholding of top tenshareholders holding tradable sharesUnit:share,Total number
11、of shareholders at the period-endShareholding of top ten shareholders holding tradable shares,45,734,Full name of shareholder,Number of tradable shares held atperiod-end,Type of share,Beijing Wanfa Real Estate Development Co.,Ltd.Hu JiexiongXia CaizhenChen YunxuanQu ChenPan ZhihuiZhang XiaoxiaZhou M
12、iaojiHu HaiyangOu Lei,112,479,478 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
13、ordinary shares1,206,348 RMB ordinary shares,Significant Events3.1 Significant changes in main accounting statement items and financial indicators aswell as reasons for these changes,vApplicable,?Non-applicable,Unit:RMB Yuan,ItemOperating revenuesOperating costs,Jan.-Sept.2011181,307,464.94116,053,1
14、34.54,Jan.-Sept.2010594,410,243.55400,622,277.11,Increase/decrease(%)-69.50-71.03,Main reasons for the movementReal estate sales incomedecreased significantly.Real estate sales incomedecreased significantly.,Businesssurtaxes,tax,and,19,919,004.71,69,081,371.81,-71.17,Real estate sales incomedecrease
15、d significantly.,Selling expense,4,402,530.39,8,346,281.40,-47.25,Decreaseexpense,etc.,advertising,The,consolidation,scope,Administrativeexpense,57,713,451.85,42,847,428.51,34.70,expanded and the labor and thelabor and depreciation costs,increased.Debt investments into external,Financial expense,29,
16、180,612.10,18,999,304.79,53.59,parties decreased and theinterest income decreased,accordingly.The inventory falling priceprovision of RMB 7.20 million,Assetloss,impairment,1,841,485.18,-4,915,951.63,137.46,for the former Yanjiang RoadNo.1 project was reversed inthe same period of last year,while the
17、re was no such a casein the current period.,Gains,from,investment,Investment gains,20,303,937.79,-135,525.88,15081.59,cooperation,projects,with,external partiesDecrease of the real estate salesincome and profit of the,Income tax expense,6,016,502.51,13,811,737.36,-56.44,subsidiary Hubei Pearl River,
18、Real Estate Development Co.,Ltd.3,ompany paid,in,Otherincome,composite,-25,186,875.00,-165,436,444.67,84.78,Fair value changes of theSouthwest Securities sharesheld by the Company,Net cash flows fromoperating activitiesNet cash flows frominvesting activitiesNet cash flows fromfinancing activitiesIte
19、m,-47,655,272.57-21,309,942.92-16,797,909.8230 Sept.2011,64,510,672.38-145,571,521.53-152,444,221.7831 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 repaymentdecrease
20、d.Main reasons for the movement,Real estate sales income,Monetary funds,50,613,725.88,136,376,851.19,-62.89 decreased.The Cfor joint investment and repaid,some debts.,Constructionprocess,16,965,537.09,4,732,000.00,More input to the Xuexiang258.53 tourist attraction and hotelproject,Accounts payable,
21、24,307,951.61,37,588,815.47,-35.33 Paymentsconstruction,for,project,The recognized real estate,Accounts received inadvance,20,134,357.45,39,134,147.85,sales income of the subsidiary-48.55 Hubei Pearl River Real EstateDevelopment Co.,Ltd.was,transferred.,Taxespayable,and,fares,7,821,588.30,30,809,972
22、.66,The subsidiary Hubei Pearl-74.61 River Real Estate DevelopmentCo.,Ltd.paid taxes.,Some long-term borrowings of,Non-current,the Company and its subsidiary,liabilities due within,232,000,000.00,0.00,Sanya,Wanjia,Hotel,one year,M anagement Co.,Ltd.were tobecome due within one year.Some long-term bo
23、rrowings of,Long-termborrowings,93,000,000.00,325,000,000.00,the Company and its subsidiary-71.38 Sanya Wanjia HotelManagement Co.,Ltd.were to,become due within one year.3.2 Progress of significant events as well as their influence and solutions3.2.1 Non-standard audit opinion,?Applicable,vInapplica
24、ble,3.2.2 The Company provides funds for the controlling shareholder or its relatedparties or provides external guarantees in violation of the prescribed procedure,?Applicable,vInapplicable,3.2.3 Significant contracts signed and executed concerning routine operation,?Applicable3.2.4 Others?Applicabl
25、e,vInapplicablevInapplicable,3.3 Fulfillment of commitments made by the Company,shareholders and the actualcontrollerCommitments made by the Company,its directors,supervisors,senior executives,shareholders with an over 5%shareholding,actual controller and other stakeholdersduring the reporting perio
26、d,or such commitments carried down into the reportingperiod:,?Applicable,vInapplicable,3.4 Warnings of possible 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 a
27、s explanation on reasons4,?Applicable,vInapplicable,3.5 Other significant events that need to be explained3.5.1 Investments into securities,?Applicable,vInapplicable,3.5.2 Reception of research,interviews and visits in the reporting periodNo field researches,phone calls or written inquiries were rec
28、eived from investors inthe reporting period.3.6 Derivative investments,?Applicable,vInapplicable,3.6.1 Derivative investments held at the end of the reporting period,?Applicable,vInapplicable,Chairman of the Board of Directors:Zheng QingHaiNan Pearl River Holdings Co.,Ltd.26 October 20114 Attachment
29、s4.1 Balance sheet,Prepared by Hainan Pearl River Holdings Co.,Ltd.,30 Sept.2011.,Unit:RMB Yuan,Items,Balance as at 30 Sept.2011,Balance as at 31 Dec.2010,Consolidation,The Company,Consolidation,The Company,Current assets:,Monetary funds,50,613,725.88,1,953,373.20,136,376,851.19,47,697,821.48,Settle
30、ment fundsOutgoing call loansTransaction financial assetNotes receivable,Account receivablePrepayment,7,211,436.7865,058,695.39,1,072,285.5150,000,000.00,3,627,245.6653,898,082.24,1,039,916.1150,070,000.00,Insurance premium receivables,Reinsurance,accounts,receivableReinsurance contract reserverecei
31、vablesInterest receivable,Dividend receivableOther accounts receivable,260,015.00299,398,164.10,260,015.00398,243,403.53,260,015.00258,266,331.45,260,015.00289,469,963.47,Financial assets purchasedunder agreements to resell,Inventories,121,777,671.79,12,782,893.61,154,866,011.08,12,782,893.61,Non-cu
32、rrent assets due within 1yearOther current assets,Total current assets,544,319,708.94,464,311,970.85,607,294,536.62,401,320,609.67,Non-current assets:5,s,Loan and payment on otherbehalf disbursed,Available for sale financialassets,353,115,000.00,353,115,000.00,386,697,500.00,386,697,500.00,Held to m
33、aturity investmentsLong-term account receivable,Long-term equity investmentInvestment propertyFixed assetProject in processEngineering material,50,990,471.6019,147,484.81317,376,197.8716,965,537.09606,206.60,301,388,841.3119,653,538.78,51,675,639.5919,898,962.92334,512,524.544,732,000.00606,206.60,2
34、96,974,009.3021,376,736.10,Fixed asset disposalProduction biological assetOil-gas assets,Intangible assets,32,691,263.15,1,612,620.15,33,492,984.34,1,648,367.88,Development expenseGoodwill,Long-term deferred expenseDeferred tax assetsOther non-current assets,9,677,498.83,9,975,195.63,Total non-curre
35、nt assetsTotal assets,800,569,659.951,344,889,368.89,675,770,000.241,140,081,971.09,841,591,013.621,448,885,550.24,706,696,613.281,108,017,222.95,Current liabilities:Short-term borrowingsBorrowing from central BankDeposits received and held forothersCall loan receivedTransaction financial liabilitie
36、sNotes payable,Account payableAccount received in advance,24,307,951.6120,134,357.45,2,482,949.70270,485.00,37,588,815.4739,134,147.85,3,782,949.70,Financial assets sold underagreements to repurchaseHandling charges andcommission payable,Payroll payableTaxes payableInterest payableDividend payableOt
37、her payables,5,108,113.797,821,588.3089,563,307.293,213,302.88338,772,126.35,408,100.86-2,392,636.0957,195,372.833,213,302.88347,109,250.24,5,631,750.0430,809,972.6685,390,223.023,213,302.88329,316,226.89,492,944.38-2,851,226.0951,834,549.233,213,302.88266,835,267.94,6,s,s,s,Account due to reinsuran
38、ceInsurance contract reserveEntrusted trading of securitiesEntrusted selling of securities,Non-currentwithin 1 year,liabilities,due,232,000,000.00,220,000,000.00,Other current liabilities,Total current liabilities,720,920,747.67,628,286,825.42,531,084,438.81,323,307,788.04,Non-current liabilities:,L
39、ong-term borrowings,93,000,000.00,325,000,000.00,220,000,000.00,Bonds payableLong-term payablesSpecific payablesEstimated liabilities,Deferred taxes liabilities,65,889,513.80,64,837,500.00,74,285,138.80,73,233,125.00,Other non-current liabilities,Total non-current liabilitiesTotal liabilities,158,88
40、9,513.80879,810,261.47,64,837,500.00693,124,325.42,399,285,138.80930,369,577.61,293,233,125.00616,540,913.04,Owner equity(or shareholdersequity):,Paid-in capital(or share capital)Capital reserve,426,745,404.00580,077,280.97,426,745,404.00583,093,620.51,426,745,404.00605,264,155.97,426,745,404.00608,
41、280,495.51,Less:treasury stockSpecific reserves,Surplus reserves,114,177,485.88,109,487,064.39,114,177,485.88,109,487,064.39,General risk provision,Retained earnings,-682,223,607.69,-672,368,443.23,-648,891,640.41,-653,036,653.99,Foreign exchange difference,Total equity attributable to ownersof the
42、CompanyMinority interestTotal owner equity,438,776,563.1626,302,544.26465,079,107.42,446,957,645.67446,957,645.67,497,295,405.4421,220,567.19518,515,972.63,491,476,309.91491,476,309.91,Total liabilitiesequity,and,owner,1,344,889,368.89,1,140,081,971.09,1,448,885,550.24,1,108,017,222.95,4.2 Income st
43、atement for Jul.-Sept.2011,Prepared by Hainan Pearl River Holdings Co.,Ltd.,Jul.-Sept.2011,Unit:RMB Yuan,Items,Jul.-Sept.2011,Jul.-Sept.2010,Consolidation,The Company,Consolidation,The Company,I.Total salesIncluding:Sales,37,014,691.2137,014,691.21,126,370.00126,370.00,50,373,671.4050,373,671.40,66,
44、970.0066,970.00,7,Interests incomePremium income,Handling,charges,and,commission income,II.Total cost of salesIncluding:Cost of sales,76,229,393.2629,535,808.25,27,757,834.2813,289.25,60,088,289.1733,955,465.78,5,559,167.4913,289.25,Interests expenses,Handling,charges,and,commission incomeInsurance
45、discharge paymentClaim expenses-netProvision for insurance contractreserves-netInsurance policy dividend paidReinsurance expense,Business taxes and surchargesDistribution expensesAdministrative expensesFinancial costsAssets impairment loss,2,795,706.50808,936.2717,992,016.6223,424,772.741,672,152.88
46、,7,076.733,333,366.1522,116,809.722,287,292.43,5,276,755.631,761,409.8712,994,666.476,301,043.82-201,052.40,7,366.702,468,578.252,736,412.70333,520.59,Add:gain/(loss)from change infair value(“-”means loss),Investment gains(“-”meansloss)Including:incomefrominvestment on affiliated enterprise,20,708,7
47、53.71-280,352.07,20,708,753.71,-200,390.44-200,390.44,-200,390.44,and 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,-9,915,008.2125,965.0060,000.00,-5,692,
48、587.93,Including:loss from non-currentasset disposal,0.00,IV.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,-6,922,762.00-6,922,762.00-6,922,762.000.0
49、0,-9,949,043.21931,171.76-10,880,214.97-11,308,336.38428,121.41,-5,692,587.93-5,692,587.93-5,692,587.93,VI.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,-31,171,875.00-50,258,424.40,-31,171,87
50、5.00-38,094,637.00,2,493,750.00-8,386,464.97,2,493,750.00-3,198,837.93,8,Attributable to owners of theCompanyAttributable to minorityshareholders,-49,461,976.17-796,448.23,-38,094,637.00,-8,814,586.38428,121.41,-3,198,837.93,Where there were business combinations under the same control in this repor
