招商局Ｂ：第三季度报告全文（英文版） .ppt

,-,-,-,-,China Merchants Property Development Co.,Ltd.Stock Code:000024,200024,The 3rd Quarterly Report 2010(Full Text)No.:【CMPD】2010031,Short Form of the Stock:CMPD,CMPD-BChina Merchants Property Development Co.,Ltd.The 3rd Quarterly Report 2010(Full text)1 Important Declaration1.1 The Board of Directors and the directors of the Company guarantee that there are no significantomissions,fictitious or misleading statements carried in the Report and we will accept individual and jointresponsibilities for the truthfulness,accuracy and completeness of the Report.1.2 The 3rd Quarterly Report is not audited by CPA.1.3 Mr.Sun Chengming-the legal representative,Mr.Huang Peikun the chief financial officer,and Ms.XuYixia the manager of accounting department declare:the financial reports carried in this report is secured for itstruthfulness and completeness.1.4 This report is prepared both in English and Chinese.When there is any conflict in understanding,theChinese version shall prevail.2 Company Profile2.1 Financial highlightsIn RMB Yuan,2010.9.30,2009.12.31,Extent of Change(%),Gross Assets(RMB)Owners equity attributable to theshareholders of the listed company(yuan)Capital shares(shares),54,380,058,827.0017,585,819,8941,717,300,503,47,897,160,497.0016,278,736,754.001,717,300,503,13.54%8.03%,Net asset per share attributable to the,shareholders of the listed company,10.24,9.48,8.02%,(Yuan/share),Changed over the,Changed over the,July-Sept.2010,same period of lastyear(%),Jan-Sept.2010,same period of lastyear(%),Turnover(yuan)Net profit attributable to shareholders ofthe listed company(yuan)Net Cash flow generated by businessoperation(RMB)Net Cash flow per share generated bybusiness operation(yuan/share)Basic earnings per share(Yuan/share)Diluted earnings per share(Yuan/share)Weighted average netincome/asset ratio(%),2,603,531,682.00376,691,5340.220.222.17%,7.96%-20.54%-21.43%-21.43%Down by 0.91percentage point,9,584,685,607.001,426,870,815-2,238,066,670.00-1.300.830.838.41%,81.27%48.49%-143.44%-142.00%48.21%48.21%Up by 2.10percentage point,Weighted average netincome/asset ratio lessgain/loss(%),non-recurring,2.15%,Down by 0.93percentage point,8.39%,Up by 2.14percentage point,1,Note,-,s,China Merchants Property Development Co.,Ltd.Non-recurring gain and loss itemsGain/loss of non-current assetsGovernment subsidies accounted into current gain/loss account,otherthan those closely related to the Company common business,complywith the national policy and continues to enjoy at certain fixed rate oramount.Restoring of receivable account impairment provision testedindividuallyOther non-business income and expenditures other than the aboveInfluenced amount of income taxInfluenced amount of minority shareholdersequityTotal,The 3rd Quarterly Report 2010(Full Text)Amount from beginning of year tothe end of report term7,822,702.001,670,301.002,861.00-4,210,909.00-3,086,826.00-82,953.002,115,176.00,2.2 Total of shareholders and the top 10 holders of unconditional sharesIn shares,Total shareholders at the end of the report period(accounts)Top ten holders of the shares without subscription limitationAmount of,103,862,Full name of shareholderFuguo Tianrui Fine Blend Open FundShangtou Morgan China Advantages Securities Investment FundPenghua Value Stock Investment FundYifangda Shenzhen Index 100 Open Stock FundCNCA A/C COMPAGNIE FINANCIERE EDMOND DE ROTHSCHILDDREYFUS PREMIER INVESTMENT FDS INC.-DREYFUS GREATER CHINA FDRongtong Shenzhen Index 100 Securities Investment FundShangtou Morgan Internal Power Stock Investment FundEverbright Baodexin Core Stock Investment FundSouthern Find Elements Stock Investment Fund,unconditional sharesheld at the end ofreport term22,773,42821,955,75015,999,90112,107,6539,699,7708,678,9018,281,7288,000,0007,348,0637,002,382,CategoriesA sharesA sharesA sharesA sharesB sharesB sharesA sharesA sharesA sharesA shares,Note:Shekou Industrial Zone the holding shareholder of the Company has committed to the Company at placing of new shares in2007 that it will not trade the newly placed shares in 36 months since the ending date of the private offer(September 24,2007).Therefore the shares held by Shekou Industrial Zone(including its act-in-concert parties)have been restricted to trade until thereleasing date,namely September 23,2010.As of the date of this report,the Company has not yet informed by Shekou IndustrialZone(including its act-in-concert parties)to request releasing the shares for trading.,3,Significant Events,3.1 Details and causations of major change in major accounting subjects and financial indices,applicable,not applicable,In RMB Yuan,Items,2010.09.30,2009.12.31,Changed by,Major causes,%,Transactionalfinancial assetsFixed assetsDiffered income taxasset,498,507185,383,255391,591,259,6,437,479299,615,954290,485,972,-92%-38%35%,Decreased by handover of NDF contracts in theperiod and fluctuation of NDF market pricesDecreased by disposal of shares in water supplyIncrease of differed income tax assetsrecognized by provisional difference caused by,2,China Merchants Property Development Co.,Ltd.,The 3rd Quarterly Report 2010(Full Text)drawn of land VAT in advance,Trade off financialliabilitiesAccount payableEmployees wagepayableTax payableInterest payableDividend payableLong-termborrowingsDifferent of foreigncurrency translationItems,7,615,9141,618,452,777102,725,600325,606,96796,042,40322,389,48210,780,479,724124,298,171Jan-Sept.2010,12,829,4132,705,521,285162,832,982589,859,45321,872,418107,751,8875,720,303,01272,806,727Jan-Sept.2009,-41%-40%-37%-45%339%-79%88%71%Changed by,Decreased by handover of NDF contracts in theperiod and fluctuation of NDF market pricesDisbursing of payment for land in the beginningof termBonus of previous year paid in the termDecreased by payment of tax payable made inthe termIncreasing of long-term loans in the termPayment of dividends of previous year made inthe termIncreasing of long-term loans for expanding ofbusiness scaleCaused by foreign exchange rate fluctuationMajor causes,%,TurnoverOperation costBusiness tax andsurchargeIncome fromchange of fair valueInvestment incomeNon-operationalincomeNon-operationalexpenditure,9,584,685,6075,809,187,7311,126,992,261-860,87638,558,42012,819,5158,186,280,5,287,377,2163,052,074,092836,763,041-115,121,120257,788,65522,125,3131,387,639,81%90%35%99%-85%-42%490%,Increase of property sales incomeIncrease of property sales costsTax increased for increasing of sales income ofpropertiesLoss from fluctuation of NDF fair valueDecreasing of long-term equity investmentcalculated on equity basisExpected liabilities written back in same periodof last yearIncrease of donation and newly increased majorconservation construction fund in the term,Incomeexpenses,tax,585,673,458,269,613,177,117%,Increase of taxable profit,Minor,Net profit of subsidiaries increased in the term,shareholders,361,821,446,-16,245,446,2327%,and minority shareholders equity of the,equity,subsidiaries increased correspondingly,Other misc incomes,75,749,313,-236,633,32111%,Increase of difference from foreign currencytranslation in the term,3.2 Progress of significant events,their influence,countermeasures,and analysis3.2.1 None-standard opinions,applicable,not applicable,3.2.2 Illegal providing of capital or guarantees to the holding shareholder or its related parties or externalparties,applicable,not applicable,3.2.3 Signing and execution of major business contracts,applicable,not applicable,During the period of applying for private placing in 2009,Shenzhen CM Property Co.,Ltd.one of the Companys subsidiariesentered the“Land Right Confirmation Contract”with China Merchants Shekou Industrial Zone Co.,Ltd.(CMSIZ).According to thecontract,the Company has canceled the arrangement of private placing,but paid independently for the land using rights of“JingshanProject Phase 9”to acquire the development rights of this project.3,China Merchants Property Development Co.,Ltd.3.2.4 Misc.,The 3rd Quarterly Report 2010(Full Text),applicable,not applicable,3.3 Fulfilling of commitment issues made by the Company,shareholder,or substantial controller,applicable,not applicable,Commitments,The undertaker,Content of Commitments,Status of fulfilling,The original non-negotiable shares shallnot been traded or transferred in 24months since the trading right beengranted(Feb 9,2006).Shares placed inShenzhen Stock Exchange in 12 months,upon the above 24 months shall not,In the report term,CMSIZ,Commitment in share equity relocation,CMSIZ,exceed 5%of the total shares of the,was fully acting as,Company.In 36 months upon the above 24 committed.months,the price of A-shares of theCompany shall not be lower than 120%ofthe arithmetical average in 30 days prior tothe publishing of share reallocationannouncement.,Commitment made in acquisition reportor equity alternation reportCommitment made in major assetrestructuringCommitment made at issuing,Not applicableNot applicableNot applicable,Not applicableNot applicableNot applicable,Not applicableNot applicableNot applicable,CMSIZ,the controlling shareholder of theCompany,promised not to conduct orparticipate with 3rd parties in any businessor activities possibly competing with the,Other commitments(includingsupplementary commitments),CMSIZ,Company in terms of business,newcommodities and new technology in anyforms(including but not limited to directoperation,indirect operation,joint,In the report term,CMSIZwas fully acting ascommitted.,investment).Never use the informationobtained from the Company to conduct orparticipate in and competitive activitiesagainst the Company.3.4 Estimated accumulative profit from the year beginning to the end of the next report period may be ofdeficits;or in comparison with the same period of the previous year,give the warning of great change andthe notice to the reasons.,applicable,not applicable,3.5 Major events needs to be explained3.5.1 Investment in securities,applicable,not applicable,In RMB Yuan4,1,-,released,China Merchants Property Development Co.,Ltd.,The 3rd Quarterly Report 2010(Full Text)Portion in,No.,Stock category,Stock Code,Stock ID,Initialinvestment(yuan),Shares heldat the end ofterm,total stockBook value at investment at Gain/loss of thethe end of term the end of report termreport term,(%),Stock,000004,ST Guonong 1,572,275.00,489,824,5,579,095.00,100.00%,0.00,Other stock investment held at the end of report term,0.00,0.00,0.00%,0.00,Gain/loss of disposed stock investment in the report termTotal,-1,572,275.00,-489,824,-5,579,095.00,-,100%,0.000.00,Statement on stock investmentThe Company holds“ST Guonong”stocks which are accounted under“Disposable financial assets”,the gains of RMB680,855 fromchange of fair value has been accounted into owners equity.3.5.2 Reception of investigations,communications,or interviewsThe Company has been keeping good communication with the investors by means of accepting onsite investigations,telephoneinquiring,and written inquiring.In the report term,the Company has been following the“Guide for standard operation of listedcompanies”and asked the investors which requested investigations to sign the commitment letter,and maintain the principles offairness,justice,and open in information disclosure.Main content,Time/date,Place,Way,Visitors,involved and material,provided,Jan 12,2010,Shekou Shenzhen,Field research,ZhongxinConstruction,(1)business,Companyoperation,Jan 19,2010Jan 25,2010Jan 26,2010,Shekou ShenzhenShekou ShenzhenShekou Shenzhen,Field researchField researchField research,Yangtze SecuritiesGuoliananGoldman Sachs,situation(2)Industrialdevelopmentdiscussion,Jan 27,2010Feb 5,2010,Shekou ShenzhenShekou Shenzhen,Field researchField research,Bohai Securities(3)informationClients of CITIC brochuressecurities,Providingandalready,Feb 10,2010Feb 22,2010Feb 23,2010Mar 1,2010Mar 2,2010Mar 3,2010Mar 12,2010Mar 15,2010Mar 15,2010Mar 18,2010Mar 22,2010Mar 25,2010Mar 26,2010Mar 29,2010Mar 29,2010March 31,2010Apr 2,2010Apr 4,2010,Shekou ShenzhenShekou ShenzhenShekou ShenzhenShekou ShenzhenShekou ShenzhenShekou ShenzhenShekou ShenzhenShekou ShenzhenShekou ShenzhenShekou ShenzhenShekou ShenzhenShekou ShenzhenShekou ShenzhenShekou ShenzhenShekou ShenzhenShekou ShenzhenShekou ShenzhenShekou Shenzhen,Witten inquiryWitten inquiryWitten inquiryField researchField researchField researchWitten inquiryWitten inquiryWitten inquiryField researchWritten inquiryField researchField researchField researchWritten inquiryWritten inquiryField researchWritten inquiry,InvestorInvestorInvestorGuangzhouSecuritiesDahe SecuritiesAnxin SecuritiesInvestorInvestorInvestorZhongshan SecuritiesInvestorTaizheng SecuritiesClient of J.P.MORGENClients of UBSInvestorInvestorClients of GaohuaSecuritiesInvestor,(4)Visiting the sitesof properties on sale,providing theprospectus,5,China Merchants Property Development Co.,Ltd.,The 3rd Quarterly Report 2010(Full Text),Apr 6,2010Apr 6,2010Apr 12,2010Apr 12,2010Apr 19,2010Apr 20,2010Apr 21,2010April 23,2010April 23,2010,Shekou ShenzhenShekou ShenzhenShekou ShenzhenShekou ShenzhenShekou ShenzhenShekou ShenzhenShekou ShenzhenShekou ShenzhenShekou Shenzhen,Written inquiryWritten inquiryWritten inquiryWritten inquiryWritten inquiryWritten inquiryWritten inquiryField researchWritten inquiry,InvestorInvestorInvestorInvestorInvestorInvestorInvestorClients of UBSInvestor,Group of investors,May 6,2010,Shekou Shenzhen,Field research,organized by,Shenwan,May 13,2010May 18,2010May 31,2010June 9,2010Jun 11,2010Jun 11,2010Jun 10,2010June 9,2010Jun 10,2010Jun 23,2010Jul 2,2010Jul 6,2010Jul 7,2010Jul 9,2010Jul 15,2010Jul 15,2010Jul 15,2010Jul 16,2010Jul 19,2010Jul 19,2010Jul 20,2010Jul 28,2010Jul 28,2010July 29,2010August 3,2010Aug 5,2010Aug 12,2010Aug 13,2010,QingdaoShanghaiHuhehaoteBeijingShenzhenShenzhenBeijingBeijingLijiangShenzhenShenzhenShekou ShenzhenChengduChongqingShekou ShenzhenShekou ShenzhenShekou ShenzhenShekou ShenzhenShekou ShenzhenShekou ShenzhenShekou ShenzhenShekou ShenzhenShekou ShenzhenShekou ShenzhenShekou ShenzhenShekou ShenzhenShekou ShenzhenShekou ShenzhenShekou Shenzhen,Field researchField researchField researchField researchField researchField researchField researchField researchField researchField researchField researchTel.InquiryField researchTel.InquiryField researchField researchField researchField researchField researchField researchField researchTel.InquiryTel.InquiryTel.InquiryTel.InquiryTel.InquiryTel.InquiryTel.Inquiry,Strategic meeting ofZhongyin SecuritiesCLSA China ForumUBS strategicmeetingJ.P.Morgan StrategicMeetingGuosen SecuritiesEverbright SecuritiesHuatai unitedAnxin SecuritiesGuojin SecuritiesChina MerchantsSecuritiesBalin PropertiesDongxing SecuritiesShanghai JinliInvetmentZhongzhengInvestmentShanghai TianxiangInvestmentTianshun InvestmentAijian SecuritiesGuangfa FundBoshi FundSuisse BankShanghai EverbrightSecuritiesBank of ChinaInternationalChina MerchantsSecuritiesZhongtou SecuritiesInvestorMerrill LynchInvestorInvestor,6,Change of derivate instrument market price or fair va