HaiNan Pearl River Holdings Co., Ltd. Abstract of Third Quarter Report 2016
Stock Code: 000505, 200505 Stock Name: *ST Pearl River A, *ST Pearl River B Announcement No. 2016-096
HAINAN PEARL RIVER HOLDINGS CO., LTD.
ABSTRACT OF THIRD QUARTER REPORT 2016
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HaiNan Pearl River Holdings Co., Ltd. Abstract of Third Quarter Report 2016
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.
Wang Chunli, company principal, Guan Ying, 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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HaiNan Pearl River Holdings Co., Ltd. Third Quarter Report 2016
Section II Financial Highlights & Shareholder Changes
I Highlights of accounting data and financial indicators
Whether the Company performs any retroactive adjustments to or restatements of its accounting data of last year due to change in
accounting policies or correction of accounting errors
□ Yes √ No
30 September 2016 31 December 2015 +/- (%)
Total assets (RMB) 1,905,501,859.63 1,714,444,000.65 11.14%
Net assets attributable to
shareholders of the Company -307,928,239.56 -217,136,869.15 -41.81%
(RMB)
July-September January-September
YoY +/- (%) YoY +/- (%)
2016 2016
Operating revenues (RMB) 68,143,078.33 30.86% 217,175,606.73 15.40%
Net profit attributable to
shareholders of the Company -43,420,775.53 22.02% -90,791,370.41 -165.57%
(RMB)
Net profit attributable to
shareholders of the Company
-44,205,595.65 24.80% -129,970,101.32 20.06%
excluding exceptional profit and
loss (RMB)
Net cash flows from operating
-- -- 173,185,063.30 16.08%
activities (RMB)
Basic earnings per share
-0.10 23.08% -0.21 -162.50%
(RMB/share)
Diluted earnings per share
-0.10 23.08% -0.21 -162.50%
(RMB/share)
Weighted average return on
0.00% 0.00% 0.00% 0.00%
equity (%)
Unit: RMB
Item January-September 2016 Note
Profit/loss on disposal of non-current assets (including offset
284,912.66
amount of asset impairment provisions)
Capital occupation charges on non-financial enterprises that are
4,368,243.68
charged to the profit/loss for the Reporting Period
Non-operating income and expense other than the above -3,682,689.74
Other profit/loss that meet the definition of exceptional 38,155,550.74
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HaiNan Pearl River Holdings Co., Ltd. Third Quarter Report 2016
profit/loss
Less: Corporate income tax -27,926.79
Minority interests (after tax) -24,786.78
Total 39,178,730.91 --
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
□ Applicable √ Not applicable
No such cases in the Reporting Period.
II Total number of shareholders and shareholdings of top 10 shareholders at the period-end
1. Total number of ordinary shareholders and preference shareholders who had resumed their voting right
& shareholdings of top 10 shareholders at the period-end
Unit: share
Total number of preference
Total number of ordinary shareholders who had
shareholders at the end of the 35,607 resumed their voting right 0
Reporting Period at the end of the Reporting
Period (if any)
Shareholdings of top 10 shareholders
Number of Pledged or frozen shares
Name of Nature of Shareholding Number of
restricted
shareholder shareholder percentage shares held Status Number
shares held
Domestic
BGG non-state-owne 26.36% 112,479,478
d corporation
LI LEON Foreign
2.63% 11,215,043
ZHAN WEI individual
YAO XIU Foreign
2.31% 9,850,128
GUANG individual
Chongqing
International
Trust Co.,
Domestic
Ltd.—Yuxin
non-state-owne 1.83% 7,827,463
Innovation
d corporation
Advantage No.
11 Assembled
Funds Trust
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HaiNan Pearl River Holdings Co., Ltd. Third Quarter Report 2016
Domestic
Chen Huanan 0.66% 2,802,117
individual
Domestic
Xu Zhen 0.58% 2,462,300
individual
Beijing Shen
Zhou Mu
Investment
Domestic
Fund
non-state-owne 0.55% 2,343,818
Management
d corporation
Co., Ltd. –
Hongyan Shen
Zhou Mu Fund
Foreign
Yao Liyuan 0.47% 2,005,600
individual
Domestic
Zhang Xiaoxia 0.46% 1,949,250
individual
Beijing Shen
Zhou Mu
Investment
Fund
Management
Domestic
Co., Ltd.
non-state-owne 0.42% 1,795,300
–Shangshan
d corporation
Shen Zhou Mu
No. 5
Securities
Investment
Fund
Shareholdings of top 10 non-restricted shareholders
Number of non-restricted shares held at the Type of shares
Name of shareholder
period-end Type Number
RMB ordinary
BGG 112,479,478 112,479,478
share
Domestically
LI LEON ZHAN WEI 11,215,043 listed foreign 11,215,043
share
Domestically
YAO XIU GUANG 9,850,128 listed foreign 9,850,128
share
Chongqing International Trust
7,827,463 RMB ordinary 7,827,463
Co., Ltd.—Yuxin Innovation
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HaiNan Pearl River Holdings Co., Ltd. Third Quarter Report 2016
Advantage No. 11 Assembled share
Funds Trust
RMB ordinary
Chen Huanan 2,802,117 2,802,117
share
RMB ordinary
Xu Zhen 2,462,300 2,462,300
share
Beijing Shen Zhou Mu Investment
RMB ordinary
Fund Management Co., Ltd. – 2,343,818 2,343,818
share
Hongyan Shen Zhou Mu Fund
Domestically
Yao Liyuan 2,005,600 listed foreign 2,005,600
share
Domestically
Zhang Xiaoxia 1,949,250 listed foreign 1,949,250
share
Beijing Shen Zhou Mu Investment
Fund Management Co., Ltd. RMB ordinary
1,795,300 1,795,300
–Shangshan Shen Zhou Mu No. 5 share
Securities Investment Fund
Among shareholders above, there exists no related-party relationship between the principal
shareholder and other shareholders of the Company. Nor they are parties with concerted
Related or act-in-concert parties action as prescribed in the Information Disclosure Administrative Methods for Changes in
among the shareholders above 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.
Did any of the top 10 ordinary shareholders or the top 10 non-restricted ordinary 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 10 of them at the period-end
□ Applicable √ Not applicable
Section III Significant Events
I Changes in main accounting statement items and financial indicators in the Reporting
Period, as well as reasons for the changes
√ Applicable □ Not applicable
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HaiNan Pearl River Holdings Co., Ltd. Third Quarter Report 2016
(I) Balance sheet items
Unit: RMB
30 September 31 December Change
Item Main reason for change
2016 2015 (%)
Increase in the property management fees receivable by the
Accounts property & hotel management subsidiary and the account
receivable 26,338,352.39 17,161,981.62 53.47% receivable by the Company for grain trading
Accounts paid in
advance 208,170,541.47 108,236,943.90 92.33% Increase in the prepayment in grain trading
Increased development costs of the Meilin Phase III project of
Inventories 693,760,735.17 531,145,489.05 30.62% subsidiary Hubei Pearl River
Available-for-sal Investment in Chongqing Longkin Network Technology Co.,
e financial assets 31,411,309.90 11,411,309.90 175.26% Ltd. in the current period
Long-term
deferred Heilongjiang Longshi Pearl River Media Co., Ltd. was
expenses 2,754,324.21 8,029,043.26 -65.70% deconsolidated for the current period
Short-term
borrowings 20,000,000.00 - 100.00% Borrowing from Chongqing Trust
Increase in the account payable by sub-subsidiary Hubei Pearl
Accounts River Real Estate Development Co., Ltd. for construction
payable 77,846,691.18 24,313,483.40 220.18% service
Accounts
received in House pre-sale revenue received by subsidiary Hubei Pearl
advance 873,746,833.94 428,054,670.19 104.12% River
Increase in the prepaid taxes on the advances from house
buyers of sub-subsidiary Hubei Pearl River Real Estate
Taxes payable -51,822,202.70 -5,255,663.63 -886.03% Development Co., Ltd.
Other accounts Increase in borrowings from Beijing Wanfa Real Estate
payable 964,376,656.93 561,278,959.68 71.82% Development Co., Ltd.
Non-current
liabilities due
within one year 66,456,595.19 353,287,364.69 -81.19% Repayment of borrowings from Chongqing Trust
Long-term
borrowings 131,000,000.00 390,333,333.34 -66.44% Some borrowings were repaid
(II) Items in the income statement and the cash flow statement
Unit: RMB
January-Sept January-Sept Change
Item Main reason for change
ember 2016 ember 2015 (%)
Selling Increase in the sales commission expenses of sub-subsidiary Hubei Pearl
expenses 13,640,847.59 8,424,409.14 61.92% River Real Estate Development Co., Ltd.
Finance costs 59,470,769.90 98,672,199.56 -39.73% Some borrowings were repaid
Return on -69.47% An income was generated from the sale of the Southwest Securities shares
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HaiNan Pearl River Holdings Co., Ltd. Third Quarter Report 2016
investment 37,851,133.96 123,966,408.1 in the same period of last year, while there were no such events in the
8 current period
Non-operatin 2353.11 Some fixed assets were discarded and the overdue fine in relation to the
g expense 6,280,006.34 256,002.30 % Southwest Securities shares held by the Company was paid
Corporate Recognized deferred tax assets were reversed in the same period of last
income tax 186,308.86 15,833,774.84 -98.82% year, while there were no such events in the current period
Other Other comprehensive income shifted to return on investment due to the
comprehensi -125,127,595. sale of the Southwest Securities shares held by the Company in the same
ve income - 63 100.00% period of last year, while there were no such events in the current period
Net cash
flows from The sale of the Southwest Securities shares held by the Company
investing -22,680,197.1 generated bulk cash in the same period of last year, while there were no
activities 5 99,519,007.70 -122.79% such events in the current period
Net cash
flows from
financing -209,839,890. -100,576,038.
activities 23 32 -108.64% Decrease in financings secured and increase in borrowings repaid
II Progress on significant events, as well as the influence and solutions
√ Applicable □ Not applicable
Content Disclosure date Index
On 19 July 2016, Beijing Wanfa Real
Estate Development Co., Ltd. and BGG
had signed Equity Transfer Agreement,
which Beijing Wanfa Real Estate
Development Co., Ltd. transferred
112,479,478 share, all its holding share
of the Company , 26.36% of the total to
BGG, the transfer event had been www cninfo com cn
2016-09-07
approved by the State-owned Assets Announcement No. 2016-069
Supervision and Administration
Commission and completed the transfer
on 5 September 2016, BGG now is the
first majority shareholder of the
Company bu the actual controller still is
Beijing State-owned Assets Supervision
and Administration Commission.
On 8 August 2016, the Company
received Permission Recombination
Inquiry Letter [2016] No. 52 of www cninfo com cn
2016-10-25
Recombination Inquiry Letter to HaiNan Announcement No. 2016-091
Pearl River Holdings Co., Ltd.
(hereinafter referred to as Inquiry Letter)
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HaiNan Pearl River Holdings Co., Ltd. Third Quarter Report 2016
issued by SZSE . SZSE had proposed
several opinions to the significant
recombination, and the Company will
actively reply the Inquiry Letter and
relevant content, and will conduct audit,
evaluation with each trading party and
promote the evaluation report to the
State-owned assets for the record. So far,
the reply to the Inquiry Letter and the
revision of recombination preplan in line
with Management Method of Significant
Asset Recombination of Listing
Company (New) had been Completed,
the relevant signature of the documents
was under processing.
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 Performance forecast for Y2016
Warning of possible loss or considerable YoY change in the accumulative net profit made during the year-beginning to the end of the
next reporting period, as well as the reasons
□ Applicable √ Not applicable
V Securities investment
□ Applicable √ Not applicable
No such cases in the Reporting Period.
VI Investment in derivative financial instruments
□ Applicable √ Not applicable
No such cases in the Reporting Period.
VII Visits paid to the Company for purposes of research, communication, interview, etc.
during the Reporting Period
√ Applicable □ Not applicable
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HaiNan Pearl River Holdings Co., Ltd. Third Quarter Report 2016
Date of visit Way of visit Type of visitor About
Known about the operation situation
2016-01-08 By phone Individual
of the Company
2016-01-09 By phone Individual Query name lists of shareholders
Known about the operation situation
2016-01-22 By phone Individual
of the Company
2016-02-28 By phone Individual isclosure time of annual report
Known about the sale progress of the
2016-03-24 By phone Individual
assets of the Company
Known about recombination progress
2016-06-22 Other Individual
of the Company
2016-07-13 Other Individual Query name lists of shareholders
Known about resumption time of
2016-09-09 Other Individual
Company stock
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 for non-operating purposes by the controlling
shareholder and its related parties
□ Applicable √ Not applicable
No such cases in the Reporting Period.
HaiNan Pearl River Holdings Co., Ltd.
31 October 2016
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