Report for the First Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
HaiNan Pearl River Holdings Co., Ltd.
Report for the First Quarter of 2015
April 2015
1
Report for the First Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
Section I. Important Reminders
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.
The net assets attributed to the shareholders of the listed company at the
period-end were RMB -39,622,390.20, so the investors should pay attention to
the investment risks.
Zheng Qing, company principal, and Yang Daoliang, chief of the accounting
work and 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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Report for the First Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
Section II. Financial Highlights & Changes in Shareholders
I. Main accounting data and financial indicators
Does the Company adjust retrospectively or restate accounting data of previous years due to change of the accounting policy or
correction of any accounting error?
□ Yes √ No
Jan.-Mar. 2015 Jan.-Mar. 2014 +/- (%)
Operating revenues (RMB Yuan) 78,326,856.68 75,218,398.46 4.13%
Net profit attributable to shareholders of
69,940,735.03 -35,538,513.44 296.80%
the Company (RMB Yuan)
Net profit attributable to shareholders of
the Company after extraordinary gains -55,022,579.89 -35,502,994.82 -54.98%
and losses (RMB Yuan)
Net cash flows from operating activities
-48,534,275.41 -95,995,336.71 49.44%
(RMB Yuan)
Basic EPS (RMB Yuan/share) 0.16 -0.08 300.00%
Diluted EPS (RMB Yuan/share) 0.16 -0.08 300.00%
Weighted average ROE (%) 0.00% -37.83%
31 Mar. 2015 31 Dec. 2014 +/- (%)
Total assets (RMB Yuan) 1,538,255,896.70 1,645,436,644.78 -6.51%
Net assets attributable to shareholders of
-39,622,390.20 15,564,470.40 -354.57%
the Company (RMB Yuan)
Items and amounts of extraordinary gains and losses
√ Applicable □ Inapplicable
Unit: RMB Yuan
Item Jan.-Mar. 2015 Explanation
Gains/losses on the disposal of non-current assets (including
6.53
the offset part of the asset impairment provisions)
Capital occupation charges on non-financial enterprises that are
312,652.80
recorded into current gains and losses
Gains and losses on change in fair value from tradable financial
assets and tradable financial liabilities, as well as investment Disposed the relevant revenues
income from disposal of tradable financial assets and tradable acquired from the
124,342,755.05
financial liabilities and financial assets available for sales Southwest Securities
except for effective hedging related with normal businesses of stock
the Company
Non-operating income and expense other than the above 306,332.10
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Report for the First Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
Less: Income tax effects -1,348.37
Minority interests effects (after tax) -220.07
Total 124,963,314.92 --
Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in the Explanatory
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Extraordinary Gains and
Losses, or classifies any extraordinary gain/loss item mentioned in the said explanatory announcement as a recurrent gain/loss item
□ Applicable √ Inapplicable
No such cases in the reporting period.
II. Total number of shareholders at the period-end and shareholdings of top 10 shareholders
1. Total number of common shareholders at the period-end and shareholdings of top 10 common
shareholders
Unit: share
Total number of common
31,569
shareholders at the period-end
Shareholdings of top 10 common shareholders
Number of Pledged or frozen shares
Name of Nature of Shareholding Number of
restricted Number of
shareholder shareholder percentage (%) shares held Status of shares
shares held shares
Beijing Wanfa
Real Estate State-owned
26.36% 112,479,478
Development corporation
Co., Ltd.
LI LEON Foreign
2.19% 9,328,838
ZHAN WEI individual
YAO XIU Foreign
2.05% 8,752,029
GUANG individual
Domestic
Zhang Ruofan 0.48% 2,037,600
individual
Domestic
Chen Shiping 0.47% 2,000,179
individual
Domestic
Zhang Xiaoxia 0.46% 1,949,250
individual
Domestic
Hu Zhengxiu 0.43% 1,845,400
individual
Domestic
Wang Jianjun 0.43% 1,813,900
individual
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Report for the First Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
Foreign
Yao Liyuan 0.40% 1,724,037
individual
Domestic
Chen Mingwei 0.39% 1,681,659
individual
Shareholdings of top 10 non-restricted common shareholders
Variety of shares
Name of shareholder Number of non-restricted common shares held
Variety Number
Beijing Wanfa Real Estate RMB ordinary
112,479,478 112,479,478
Development Co., Ltd. shares
Domestically
LI LEON ZHAN WEI 9,328,838 listed foreign 9,328,838
shares
Domestically
YAO XIU GUANG 8,752,029 listed foreign 8,752,029
shares
RMB ordinary
Zhang Ruofan 2,037,600 2,037,600
shares
RMB ordinary
Chen Shiping 2,000,179 2,000,179
shares
Domestically
Zhang Xiaoxia 1,949,250 listed foreign 1,949,250
shares
RMB ordinary
Hu Zhengxiu 1,845,400 1,845,400
shares
Wang Jianjun 1,813,900 Other 1,813,900
Domestically
Yao Liyuan 1,724,037 listed foreign 1,724,037
shares
Domestically
Chen Mingwei 1,681,659 listed foreign 1,681,659
shares
Among shareholders above, there exists no related-party relationship between the principal
Explanation on associated shareholder and other shareholders of the Company. Nor they are parties with concerted
relationship or persons acting in action as prescribed in the Information Disclosure Administrative Methods for Changes in
concert among the Shareholding of Shareholders of Listed Companies. And it is unknown whether there is
above-mentioned shareholders related-party relationship among other shareholders and whether they are prescribed parties
with concerted action.
Top 10 common shareholders The shareholder, Wang Jianjun held 1,813,900 shares of the Company through the customer
taking part in securities margin credit collateral securities trading account of Nanjing Securities Co., Ltd.
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Report for the First Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
trading (if any)
Did any of the top 10 common shareholders or the top 10 non-restricted common 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 preferred shareholders at the period-end and shareholdings of top 10 preferred
shareholders
□ Applicable √ Inapplicable
Section III. Significant Events
I. Significant changes in the major accounting statement items and financial indicators for the
reporting period, as well as the reasons for these changes
√ Applicable □ Inapplicable
Item 31 Mar. 2015 31 Dec. 2014 +/-% Reasons for the change
Monetary funds 136,951,582.15 97,404,192.62 40.60% A subsidiary secured more cash borrowings.
Accounts receivable 17,916,635.34 12,378,292.44 44.74% The hotel subsidiary’s revenues increased.
Subsidiaries acquired bank wealth management
Other current assets 3,000,000.00 0.00 100.00% products.
Available-for-sale financial Shareholdings in Southwest Securities were
assets 11,411,309.90 184,158,809.90 -93.80% disposed.
Subsidiary Hubei Pearl River paid for
Accounts payable 23,730,869.61 58,578,620.48 -59.49% construction.
The tax and fare provision was made for the
disposal of shareholdings in Southwest
Taxes and fares payable 9,146,450.90 4,603,277.48 98.69% Securities.
Subsidiary Hubei Pearl River secured more
Long-term borrowings 505,536,865.85 327,303,532.52 54.46% borrowings.
The relevant deferred income tax liability carried
over to an investment gain due to the disposal of
Deferred income tax liabilities 674,902.10 23,187,756.33 -97.09% shareholdings in Southwest Securities.
The relevant other comprehensive gain carried
over to an investment gain due to the disposal of
Other comprehensive gains 0.00 125,127,595.63 -100.00% shareholdings in Southwest Securities.
Minority interests 1,875,832.65 3,490,581.24 -46.26% Deficits of subsidiaries
Jan.-Mar.
Item Jan.-Mar. 2015 +/-% Reasons for the change
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Report for the First Quarter of 2015 of HaiNan Pearl River Holdings Co., Ltd.
Financial expenses 33,736,503.64 25,549,141.58 32.05% The financing costs increased.
Shareholdings in Southwest Securities were
Investment gains 124,156,283.22 -215,469.56 57721.26% disposed.
The current period recorded profits and the
deductible loss deferred income tax asset
Income tax expenses 15,230,829.05 100.00% recognized last year was reversed.
The relevant other comprehensive gain carried
over to an investment gain due to the disposal of
Other comprehensive gains -125,127,595.63 -9,067,500.00 -1279.96% shareholdings in Southwest Securities.
Subsidiary Hubei Pearl River decreased its
Net cash flows from investment in the “Meilin Qingcheng Phase III
operating activities -48,534,275.41 -95,995,336.71 49.44% Project”.
Net cash flows from
investing activities 125,505,176.42 -18,636,529.55 773.44% Disinvestment in Southwest Securities
Net cash flows from
financing activities -37,423,511.48 163,292,202.00 -122.92% Borrowing repayments increased.
II. Progress of significant events and analysis & explanations on their influence and solutions
□ Applicable √ Inapplicable
III. Commitments made by the Company or any shareholder with a shareholding over 5% in
the reporting period or such commitments made in previous period and carried down into the
reporting period
□ Applicable √ Inapplicable
No such cases in the reporting period.
IV. Predict the operating results of Jan.-Jun. 2015
Warning of possible loss or considerable YoY change of the accumulated net
