CMPD the 1st Quarterly Report 2014 (Full Text)
Stock Code: 000024, 200024 Stock ID: CMPD, CMPD B
Announcement No.: 【CMPD】2014－027
China Merchants Property Development Co., Ltd.
The 1st Quarterly Report 2014 (Full Text)
§1 Important Declaration
1.1 The Board of Directors, the Supervisory Committee, the directors, supervisors and executives of the Company
guarantee that there are no significant omissions, fictitious or misleading statements carried in the Report and we
will accept individual and joint responsibilities for the truthfulness, accuracy and completeness of the Report.
1.2 All of the directors presented the board meeting at which this Quarterly Report was examined.
1.3 The 1st Quarterly Financial Statements 2014 were not audited by a CPA.
1.4 Mr. Sun Chengming - the legal representative, Ms. Wu Zhenqin – the chief financial officer, and Ms. Li
Shifang – the manager of accounting department declare: the financial reports carried in this report are secured
for its truthfulness and completeness.
1.5 This report is prepared both in English and Chinese. When there is any conflict in understanding, the Chinese
version shall prevail.
§2 Financial Highlights and Change of Shareholders
2.1 Main accounting data and financial index
Was there any retrospective adjustment or restatement for the previous year accounting data?
□ Yes √ No
This report period The same period of last year Increase/decrease (%)
Operating income (RMB) 7,250,648,108.95 6,144,504,542.89 18.00%
Net profit attributable to shareholders of the listed
755,433,248.27 810,701,084.56 -6.82%
company (RMB)
Net profit attributable to shareholders of the listed
company after deducting non-recurring gains and 794,757,195.17 801,556,684.90 -0.85%
losses (RMB)
Net cash flow from operating activities
-4,330,633,173.95 790,021,934.12 -648.17%
(RMB)
Basic earnings per share (RMB/share) 0.44 0.47 -6.38%
Diluted earnings per share (RMB/share) 0.44 0.47 -6.38%
CMPD the 1st Quarterly Report 2014 (Full Text)
Weighted average net income/asset ratio (%) 2.79% 3.41% Down by 0.62%
End of this report period End of last year Increase/decrease (%)
Total asset (RMB) 134,967,470,187.77 134,040,446,989.65 0.69%
Net asset value attributable to shareholders of the
27,480,935,215.51 26,725,501,967.24 2.83%
listed company (RMB)
As of the trading day before disclosure, the total share capital of the company is 1,717,300,503 shares. From the period-end to the
disclosure day of the quarterly report, the company did not change or influence the amount of owner's equity through issue of new
shares, issue of additional stock, allotment of shares, equity-based incentive and buyback.
Non-recurring gain/ loss items and amounts
√ Applicable □ Not Applicable Unit: RMB
Amount from beginning of year to the end of report
Non-recurring gain and loss items
period
Gain/loss of non-current assets -19,616.60
Government subsidies 518,000.00
Other non-operating income/expenditure net of the items above -1,125,144.84
Other items in line with definition of non-recurring gain/loss -38,732,418.92
Influences on minority shareholders’ gains/ losses 43,143.89
Impact on income tax -7,910.43
Total -39,323,946.90
Note: The Shenzhen China Merchants Overseas Chinese Town Investment Co., Ltd (SCMOCTI) was a subsidiary of the
Company, and a change of control occurred on April 1, 2013. According to Interpretation No. 4 of the Accounting Standards for
Business Enterprises, the change of control of SCMOCTI is deemed as the disposal of equity by our company. The remaining equity
is re-measured at fair value. The difference between the fair value and the original book value of the remaining equity is recognized
as the investment income of the year totaling RMB339,878,500. As the fair value of the remaining equity is the assessment
appreciation of inventory, the company carried back RMB38,732,418.92 of long-term equity investment appreciation confirmed by
assessment appreciation according to the ratio of inventory area actually carried forward during January-March of the year to the
available area for sale in the inventory to be carried forward on the assessment day.
√ Applicable □ Not Applicable
2.2 Total of shareholders and top-10 holders of current shares
Unite: Shares
Total number of shareholders at
66,588 (including 56,747 A-share holders and 9,841 B-share holders)
the end of the report period
Shareholding of top 10 shareholders
Class of Share Amount of holding Restricted Pledged or luck-up
Name of shareholder
shareholder proportion shares shares shares
CMPD the 1st Quarterly Report 2014 (Full Text)
(%) Share state Amount
China Merchants Shekou Industrial Zone State-owned legal
40.38% 693,419,317 693,419,317 None None
Co., Ltd. person
Overseas legal
FULL SPACE INVESTMENT LIMITED 5.48% 94,144,050 94,144,050 None None
person
China Merchants Securities Hong Kong Overseas legal
2.91% 49,898,818 49,242,245 None None
Co., Ltd. person
Overseas legal
FOXTROT INTERNATIONAL LIMITED 1.61% 27,720,000 27,720,000 None None
person
Overseas legal
ORIENTURE INVESTMENT LTD 1.55% 26,603,145 26,603,145 None None
person
Domestic none
Full Goal Tianfu Innovative Theme Equity
state-owned legal 1.11% 19,009,918 None None None
Securities Investment Fund
person
Domestic none None
China Pacific life insurance Co., Ltd. －
state-owned legal 1.08% 18,501,423 None None
Traditional－General Insurance Products
person
Domestic none None
China Pacific life insurance Co., Ltd. －
state-owned legal 0.76% 12,965,823 None None
Dividends - Personal Dividends
person
Overseas legal None
GOLDEN CHINA MASTER FUND 0.75% 12,873,191 None None
person
Domestic none
National Social Insurance Fund 102
state-owned legal 0.73% 12,546,211 None None None
Combination
person
Top 10 holders of unconditional shares
Category of shares
Amount of shares without
Name of the shareholder Category of
trade limited conditions Amount
shares
Full Goal Tianfu Innovative Theme Equity Securities Investment
19,009,918 A shares 19,009,918
Fund
China Pacific Life Insurance Co., Ltd. － Traditional － General
18,501,423 A shares 18,501,423
Insurance Products
China Pacific Life Insurance Co., Ltd.－Dividends - Personal A shares
12,965,823 12,965,823
Dividends
GOLDEN CHINA MASTER FUND 12,873,191 B shares 12,873,191
National Social Insurance Fund 102 Combination 12,546,211 A shares 12,546,211
CMPD the 1st Quarterly Report 2014 (Full Text)
New China Life Insurance Co., Ltd - Dividends - Personal A shares
11,850,000 11,850,000
Dividends – 018L - FH002 Shen
VALUE PARTNERS CLASSIC FUND 11,121,713 B shares 11,121,713
GF Small-capitalization Growth Equity Securities Investment Fund 10,552,812 A shares 10,552,812
Huaxin Trust Co., Ltd 9,767,652 A shares 9,767,652
BOCI SECURITIES LIMITED 9,483,400 B shares 9,483,400
1. In the Company shares held by China Merchants Securities Hong Kong Co., Ltd., 49,242,245 shares were bought in by Top Chief in
the previous year through entrustment;
2. Shekou Industrial Zone and its subsidiaries Full Space Investment, Top Chief International, FOXTROT INTERNATIONAL
LIMITED, and ORIENTURE INVESTMENT LTD are persons acting in concert.
3. China Pacific Life Insurance Co., Ltd.－Traditional－General Insurance Products and China Pacific Life Insurance Co., Ltd.－
Dividends - Personal Dividends belong to the same fund management company.
Do the shareholders of the Company have the agreement repurchase transactions during the report period?
□ Yes √ No
§3 Significant Events
3.1 Situation and causations of major change in accounting items and indices
December 31, Increase/
Assets and liabilities items March 31, 2014 Major Change Reasons
2013 Decrease (±%)
Increase of receivables from
Accounts receivable 12,192 7,686 0.03%
sale of real estate
Accrued employee
16,702 38,589 -0.16% Payment of accrued payroll
compensation
Increase of interests payable
Interest payable 23,595 15,236 0.06%
on bank borrowings
Dividends payable 512 12,093 -0.09% Payment of accrued dividends
Increase/
Gain/ loss items Jan-Mar, 2014 Jan-Mar, 2013 Major Change Reasons
Decrease (±%)
Increase of sales of real estate
Operating cost 457,655 303,870 51% carried forward during the
period
Operating tax and additional As the margin of the items
73,277 107,257 -32% carried forward is low, the land
expenses
appreciation tax decreased.
The interest payment and
foreign exchange losses of the
Financial cost 21,683 6,255 247%
period increased on the
year-over-year basis.
The investment income
increased due to the changes of
Investment income 11,944 231 5082%
the equity act of affiliated
company.
CMPD the 1st Quarterly Report 2014 (Full Text)
Increase/
Cash flow items Jan-Mar, 2014 Jan-Mar, 2013 Major Change Reasons
Decrease (±%)
Sub-total of cash outflow from The land and infrastructure
1,458,050 925,954 57% expenses increased than one
business activities
year earlier.
Net cash flow generated by The growth of operating cash
-433,064 79,003 -648% outflow is larger than that of
business operation
the operating cash inflow.
Sub-total of cash outflow due The cash paid for acquisition
7,150 4,374 63%
to investment activities of equity increased.
Cash outflows year-on-year
Net cash flow generated by increased, but cash inflows
-7,150 -4,361 64%
investment year-on-year decreased in the
investment activities.
Subtotal of cash inflow from New borrowings of the period
348,257 710,170 -51%
financing activities decreased.
Subtotal of cash outflow due to Repayment of borrowings
| 招商局地产控股股份有限公司2014年第一季度报告全文（英文版） （下载公告） |
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| 公告日期:2014-04-18 |
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