Report for the Third Quarter of 2015 of Shandong Chenming Paper Holdings Limited
SHANDONG CHENMING PAPER HOLDINGS LIMITED
2015 Third Quarter Report
October 2015
Report for the Third Quarter of 2015 of Shandong Chenming Paper Holdings Limited
I Important Notice
The board of directors (the “Board”), the supervisory committee (the
“Supervisory Committee”) and the directors (the “Directors”), supervisors (the
“Supervisors”) and senior management (the “Senior Management”) of the
Company hereby warrant the truthfulness, accuracy and completeness of the
contents of the quarterly report, guarantee that there are no false representations,
misleading statements or material omissions contained in this quarterly report,
and are jointly and severally responsible for the liabilities of the Company.
All Directors were present in person at the Board meeting to consider and
approve this quarter report.
Chen Hongguo, head of the Company, Dong Lianming, head in charge of
accounting and Li Dong, head of the accounting department (Accounting
Officer), declare that they warrant the truthfulness, accuracy and completeness
of the financial statements in the quarter report.
Report for the Third Quarter of 2015 of Shandong Chenming Paper Holdings Limited
II Major financial data and change of shareholders
I. Major accounting data and financial indicators
Retrospective adjustment to or restatement of the accounting data for prior years
by the Company due to change of accounting policies and correction of
accounting errors
□ Yes √ No
Increase/decrease
as at the
end of the
reporting
period
compared to
As at the end of the end of
the reporting As at the end of the prior
period the prior year year
Total assets (RMB) 72,005,914,451.70 56,822,026,545.21 26.72%
Net assets attributable to
shareholders of the
Company (RMB) 16,531,169,468.81 13,917,343,301.15 18.78%
Increase/decrease
for the period
from the
beginning of the
Increase/decrease year to the end
for the reporting of the reporting
period as From the period compared
compared to the beginning of the to the
corresponding year to the end corresponding
The reporting period of the of the reporting period of the
period prior year period prior year
Revenue (RMB) 5,176,528,453.85 4.41% 14,895,226,131.61 6.09%
Net profit attributable to
shareholders of the
Company (RMB) 284,937,568.33 188.58% 561,325,638.84 64.52%
Net profit after extraordinary
gains or losses attributable
to shareholders of the
Company (RMB) 209,199,874.65 301.85% 383,662,094.59 249.19%
Net cash flows from operating
activities (RMB) — — -8,624,463,334.43 -740.92%
Basic earnings per share
(RMB per share) 0.15 150.00% 0.29 61.11%
Diluted earnings per share
(RMB per share) 0.15 150.00% 0.29 61.11%
Rate of return on net assets on
weighted average basis 1.79% 1.06% 3.76% 1.31%
Report for the Third Quarter of 2015 of Shandong Chenming Paper Holdings Limited
Items and amounts of extraordinary gains or losses
√ Applicable □ Not applicable
Unit: RMB
Amounts for the period
from the beginning of the
year to the end of the
Item reporting period Note
Profit or loss from disposal
of non-current assets
(including write-off of
provision for asset
impairment) 4,599,072.37
Government grants (except
for the government grants
closely related to the
normal operation of the
company and granted
constantly at a fixed
amount or quantity in
accordance with a certain
standard based on state
policies) 123,009,380.79
Profit or loss from debt
restructuring 248,346.17
Profit or loss arising from
external entrusted loans 71,777,777.77
Non-operating gains and
losses other than the above
items 9,513,142.36
Gain or loss from changes in
fair value of consumable
productive assets
subsequently measured at
fair value -2,177,906.88
Less: Effect of income tax 29,025,762.22
Effect of minority
interests (after tax) 280,506.11
Total 177,663,544.25 —
Report for the Third Quarter of 2015 of Shandong Chenming Paper Holdings Limited
Notes for the Company‘s extraordinary gain or loss items as defined in the
Explanatory Announcement on Information Disclosure for Companies Offering Their
Securities to the Public No.1 - Extraordinary Gains or Losses and the extraordinary
gain or loss items as illustrated in the Explanatory Announcement on Information
Disclosure for Companies Offering Their Securities to the Public No.1 -
Extraordinary Gains or Losses defined as its recurring gain or loss items
□ Applicable √ Not applicable
No extraordinary gain or loss items as defined or illustrated in the Explanatory
Announcement on Information Disclosure for Companies Offering Their Securities to
the Public No.1 - Extraordinary Gains or Losses were defined by the Company as its
recurring gain or loss items during the reporting period.
Report for the Third Quarter of 2015 of Shandong Chenming Paper Holdings Limited
II. Total number of shareholders and the shareholding of the top ten
shareholders as at the end of the reporting period
1. Total number of shareholders of ordinary shares and the shareholding of
the top ten shareholders of ordinary shares as at the end of the reporting
period
Unit: share
Total number of shareholders 117,584, of which 88,562 holders of A shares, 28,511 holders of B shares and 511
of ordinary shares as at holders of H shares.
the end of the reporting
period
Shareholdings of top ten shareholders of ordinary shares
Share pledged or
Number of locked-up
Nature of Percentage of Number of Restricted Status of
Name of shareholders shareholders shareholding shares held shares held shares Number
HKSCC NOMINEES Overseas legal 18.11% 350,706,900 0
LIMITED person
SHOUGUANG CHENMING State-owned legal 15.13% 293,003,657 0 Pledged 146,500,000
HOLDINGS COMPANY person
LIMITED
CENTRAL HUIJIN Domestic ordinary 2.07% 40,137,900 0
INVESTMENT LTD. legal person
CHINA SECURITIES Domestic ordinary 1.79% 34,709,519 0
FINANCE legal person
CORPORATION
LIMITED
AGRICULTURAL BANK OF Others 1.06% 20,502,241 0
CHINA LIMITED —
BAOYING
TRANSITIONAL
MOMENTUM FLEXIBLE
ALLOCATION HYBRID
SECURITIE
INVESTMENT FUND
NATIONAL SOCIAL Others 0.89% 17,238,339 0
SECURITY FUND 110
AGRICULTURAL BANK OF Others 0.88% 16,974,585 0
CHINA LIMITED - E
FUND RUIHUI
FLEXIBLE
CONFIGURATION
HYBRID SECURITIES
INVESTMENT FUND
HARVEST FUND - Others 0.50% 9,694,900 0
AGRICULTURAL BANK
- HARVEST CHINA
SECURITIES FINANCE
ASSET MANAGEMENT
PLAN
Report for the Third Quarter of 2015 of Shandong Chenming Paper Holdings Limited
Share pledged or
Number of locked-up
Nature of Percentage of Number of Restricted Status of
Name of shareholders shareholders shareholding shares held shares held shares Number
ICBC CREDIT SUISSE Others 0.49% 9,562,602 0
FUND - AGRICULTURAL
BANK - ICBC CREDIT
SUISSE CHINA
SECURITIES FINANCE
ASSET MANAGEMENT
PLAN
JIN Xing Domestic nature 0.47% 9,087,700 0
person
Report for the Third Quarter of 2015 of Shandong Chenming Paper Holdings Limited
Shareholdings of the top ten shareholders of ordinary shares of non-restricted shares
Number of Class of shares
non-restricted
Name of shareholders shares held Class of shares Number
HKSCC NOMINEES LIMITED 350,706,900 Overseas listed 350,706,900
foreign shares
SHOUGUANG CHENMING 293,003,657 RMB ordinary 293,003,657
HOLDINGS COMPANY LIMITED shares
CENTRAL HUIJIN INVESTMENT 40,137,900 RMB ordinary 40,137,900
LTD. shares
CHINA SECURITIES FINANCE 34,709,519 RMB ordinary 34,709,519
CORPORATION LIMITED shares
AGRICULTURAL BANK OF CHINA 20,502,241 RMB ordinary 20,502,241
LIMITED — BAOYING shares
TRANSITIONAL MOMENTUM
FLEXIBLE ALLOCATION HYBRID
SECURITIE INVESTMENT FUND
NATIONAL SOCIAL SECURITY 17,238,339 RMB ordinary 17,238,339
FUND 110 shares
AGRICULTURAL BANK OF CHINA 16,974,585 RMB ordinary 16,974,585
LIMITED - E FUND RUIHUI shares
FLEXIBLE CONFIGURATION
HYBRID SECURITIES
INVESTMENT FUND
HARVEST FUND - AGRICULTURAL 9,694,900 RMB ordinary 9,694,900
BANK - HARVEST CHINA shares
SECURITIES FINANCE ASSET
MANAGEMENT PLAN
ICBC CREDIT SUISSE FUND - 9,562,602 RMB ordinary 9,562,602
AGRICULTURAL BANK - ICBC shares
CREDIT SUISSE CHINA
SECURITIES FINANCE ASSET
MANAGEMENT PLAN
JIN Xing 9,087,700 RMB ordinary 1,231,600
shares
Domestic listed 7,856,100
foreign shares
Explanation of the connected Shouguang Chenming Holdings Company Limited, a
relationship or acting-in-concert state-owned legal person shareholder, is not connected with any
relationship of the above of the shareholders above. They are not persons acting in
shareholders concert under Administration of Disclosure of Information on
the Change of Shareholdings in Listed Companies Procedures.
Save for the above, it is not aware that any other shareholders
of tradable shares are persons acting in concert and is also not
aware that any other shareholders of tradable shares are
connected with each others.
Whether an agreed repurchase transaction was entered into during the reporting
period by the top 10 shareholders of ordinary shares and top 10 shareholders of
non-restricted shares of the Company
□ Yes √ No
Report for the Third Quarter of 2015 of Shandong Chenming Paper Holdings Limited
The top 10 shareholders of ordinary shares and top 10 shareholders of non-
restricted shares of the Company did not enter any agreed repurchase
transaction during the reporting period.
2. Total number of shareholders of preference shares and the shareholding
of the top ten shareholders of preference shares as at the end of the
reporting period
□ Applicable √ Not applicable
III Material matters
I. Details and reasons for changes of major accounting statement items and
financial indicators during the reporting period
√ Applicable □ Not applicable
Report for the Third Quarter of 2015 of Shandong Chenming Paper Holdings Limited
(I) Analysis of the assets and liabilities of the Company
Unit: RMB
Reason
Item 30 September 2015 31 December 2014 Change for change
Monetary funds 7,275,659,314.22 5,475,658,186.10 32.87% (1)
Bills receivable 4,486,548,541.86 3,047,541,556.15 47.22% (2)
Other receivables 4,601,621,364.74 1,776,467,886.07 159.03% (3)
Available-for-sale
financial assets 109,000,000.00 73,000,000.00 49.32% (4)
Long-term receivables 9,528,717,700.36 1,420,598,667.99 570.75% (5)
Long-term equity
investments 82,439,231.42 36,087,848.12 128.44% (6)
Construction in
progress 5,594,217,039.73 3,709,270,828.53 50.82% (7)
Bills payable 3,265,284,261.70 1,598,110,792.85 104.32% (8)
Interest payable 246,098,198.25
