Report for the Third Quarter of 2014 of Shandong Chenming Paper Holdings Limited
SHANDONG CHENMING PAPER HOLDINGS LIMITED
2014 Third Quarter Report
October 2014
Report for the Third Quarter of 2014 of Shandong Chenming Paper Holdings Limited
I Important Notice
The board of directors (the “Board”), the supervisory committee (the “Supervisory
Committee”), the directors (the “Directors”), supervisors (the “Supervisors”) and
senior management (the “Senior Management”) of the Company hereby warrant that
the contents of this quarter report are true, accurate and complete, and there are no
false representations, misleading statements or material omissions, and jointly and
severally responsible for the liabilities of the Company.
All Directors were present at the Board meeting to consider and approve this
quarterly report.
Chen Hongguo, head of the Company, Dong Lianming, head in charge of accounting
and Liu Jun, head of the accounting department (Accounting Officer), declare that
they warrant the truthfulness, accuracy and completeness of the financial statements
in this quarter report.
Report for the Third Quarter of 2014 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 the end of the
As at the end of As at the end of the prior year prior year (%)
the reporting Before After After
period adjustment adjustment adjustment
Total assets (RMB) 51,161,153,036.96 47,521,883,569.18 47,521,883,569.18 7.66%
Net assets attributable to
shareholders of the
Company (RMB) 13,739,249,109.88 14,039,888,226.11 14,039,888,226.11 -2.14%
Increase/decrease
from the
beginning of the
Increase/decrease year to the end
for the reporting of the reporting
period compared From the period 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) 4,957,710,823.44 -1.34% 14,039,731,402.45 -6.73%
Net profit attributable to
shareholders of the
Company (RMB) 98,736,396.40 -49.77% 341,197,491.42 -35.62%
Net profit after extraordinary
gains or losses attributable
to shareholders of the
Company (RMB) 52,059,625.26 -63.88% 109,873,098.53 -60.57%
Net cash flows from operating
activities (RMB) — — 1,345,633,170.22 28.78%
Basic earnings per share
(RMB per share) 0.06 -40.00% 0.18 -30.77%
Diluted earnings per share
(RMB per share) 0.06 -40.00% 0.18 -30.77%
Rate of return on net assets on
weighted average basis 0.73% -0.68% 2.45% -1.36%
Report for the Third Quarter of 2014 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 reporting
Item period Note
Profit or loss from disposal of non-current
assets (including
write-off of provision for assets
impairment) 76,259,253.81
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) accounted for
in profit or loss for the current period
163,646,172.81
Gain or loss from debt restructuring 633,062.97
Non-operating gains and losses other than
the above items 63,105,193.22
Other gain or loss within the
definition of extraordinary gain or loss
967,670.22
Less: Effect of income tax 58,207,998.61
Effect of minority interest (after tax) 15,078,961.53
Total 231,324,392.89 —
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 2014 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 123,083, of which 95,005 were holders of A shares, 27,526 holders of B shares and
shareholders of ordinary 552 holders of H shares
shares as at the end of
the reporting period
Shareholding of the top ten shareholders of ordinary shares
Share pledged or
locked-up
Number of Status
Nature of Percentage of Number of Restricted of
Name of shareholders shareholders shareholding shares held shares held shares Number
HKSCC NOMINEES Overseas legal 18.11% 350,691,500 0 — 0
LIMITED person
SHOUGUANG State-owned 15.13% 293,003,657 0 — 0
CHENMING legal person
HOLDINGS COMPANY
LIMITED
PLATINUM ASIA FUND Overseas legal 1.67% 32,341,052 0 — 0
person
CAITONG FUND - Others 1.62% 31,306,508 0 — 0
EVERBRIGHT BANK -
CAITONG FUND -
YUAN MEI NO. 2
ASSETS
MANAGEMENT
PROGRAMME
CAITONG FUND - Others 1.54% 29,868,220 0 — 0
EVERBRIGHT BANK -
YUAN MEI NO. 1
ASSETS
MANAGEMENT
PROGRAMME
WU Jianrong Domestic nature 0.94% 18,277,723 0 — 0
person
YUNNAN Others 0.88% 17,030,727 0 — 0
INTERNATIONAL
TRUST CO., LTD. -
YUNNAN TRUST
GROWTH 2013 - NO. 2
ASSEMBLED FUNDS
TRUST PROGRAMME
KONG Qingping Domestic nature 0.79% 15,273,341 0 — 0
person
YAO Liangjin Domestic nature 0.76% 14,786,187 0 — 0
person
BBH A/C VANGUARD Overseas legal 0.62% 12,036,985 0 — 0
EMERGING MARKETS person
STOCK INDEX FUND
Report for the Third Quarter of 2014 of Shandong Chenming Paper Holdings Limited
Shareholdings of the top ten shareholders of non-restricted ordinary shares
Number of
non-restricted Share class
ordinary shares Share class Number
Name of shareholders held
HKSCC NOMINEES LIMITED 350,691,500 Overseas listed 350,691,500
foreign shares
SHOUGUANG CHENMING 293,003,657 RMB ordinary 293,003,657
HOLDINGS COMPANY LIMITED shares
PLATINUM ASIA FUND 32,341,052 Domestic listed 32,341,052
foreign shares
CAITONG FUND - EVERBRIGHT 31,306,508 RMB ordinary 31,306,508
BANK - CAITONG FUND - YUAN shares
MEI NO. 2 ASSETS MANAGEMENT
PROGRAMME
CAITONG FUND - EVERBRIGHT 29,868,220 RMB ordinary 29,868,220
BANK - YUAN MEI NO. 1 ASSETS shares
MANAGEMENT PROGRAMME
WU Jianrong 18,277,723 RMB ordinary 18,277,723
shares
YUNNAN INTERNATIONAL TRUST 17,030,727 RMB ordinary 17,030,727
CO., LTD. - YUNNAN TRUST shares
GROWTH 2013 - NO. 2 ASSEMBLED
FUNDS TRUST PROGRAMME
KONG Qingping 15,273,341 RMB ordinary 15,273,341
shares
YAO Liangjin 14,786,187 RMB ordinary 14,786,187
shares
BBH A/C VANGUARD EMERGING 12,036,985 Domestic listed 12,036,985
MARKETS STOCK INDEX FUND foreign shares
Connected relationship or connected Shouguang Chenming Holdings Company Limited, a state-
party relationship among the above owned legal person shareholder, is not connected with any of
shareholders the shareholders above. They are not persons acting in
concert under Administration of Disclosure of Information on
the Change of Shareholdings in Listed Companies Procedures.
Both Caitong Fund - Everbright Bank - Caitong Fund — Yuan
Mei No. 2 Assets Management Programme and Caitong Fund —
Everbright Bank - Yuan Mei No. 1 Assets Management
Programme are funds managed by Caitong Fund Management
Co., Ltd. Save for the above, it is not aware that any other
shareholders of tradable shares are persons acting in concert
and it is also not aware that any other shareholders of tradable
shares are connected with each others.
Particulars on top ten shareholders of Wu Jianrong held 18,277,723 RMB ordinary shares of the
non-restricted ordinary shares engaged Company through the client credit trading guarantee securities
in margin trading and short selling (if account at GF Securities Co. Limited. Kong Qingping held
any) 15,273,341 RMB ordinary shares of the Company through the
client credit trading guarantee securities account at Haitong
Securities Company Limited. Yao Liangjin held 14,784,987
RMB ordinary shares of the Company through the client credit
trading guarantee securities account at GF Securities Co.
Limited.
Report for the Third Quarter of 2014 of Shandong Chenming Paper Holdings Limited
Whether an agreed repurchase transaction was entered into during the rep
