Full Text of 2015 Semiannual Report of China Merchants Property Development Co., Ltd. Full Text of 2015 Semiannual Report Announcement No.: [CMPD] 2015－064 Section One Important Notice, Contents and Interpretation Important Notes: Board of Directors, Board of Supervisors, Directors, Supervisors and Officers of the Company hereby guarantee the Report as truthful, accurate, complete, and free from any fault record, misleading statement or major omission and bear joint and several liabilities. The seventh interim meeting of the 7th BOD in 2015 reviewed and approved 2015 Semiannual Report and abstracts and all directors attended the meeting. The legal representative Sun Chengming, Chief Financial Director Wu Zhenqin and Manager of Finance Department Li Shifang hereby state that: the financial statements under the Report are authentic and complete. During the reporting period, the Company will not distribute any cash bonus, bonus shares or convert capital reserve to share capital. The Report is made in Chinese and English. In case of any discrepancy, the Chinese version shall prevail. The Report involves future plan and other forward-looking statements, and does not constitute substantial commitment for the investor against the Company. Investors shall be aware of investment risks. Contents Section One Important Notice, Contents and Interpretation .................................................................................................................... 1 Section Two Company Profile ................................................................................................................................................................. 3 Section Three Summary of Financial Data and Financial Index .............................................................................................................. 5 Section Four Directors' Report ................................................................................................................................................................ 7 Section Five Important Events............................................................................................................................................................... 30 Section Six Capital Changes and Shareholders' Information .............................................................................................................. 42 Section Seven Information about the Company's Directors, Supervisors, and Officers ........................................................................ 46 Mr. Liu Wei resigns his his position of vice-general manager of the Company as a result of job transfer. ............................................ 48 Section Eight Financial Report .............................................................................................................................................................. 48 The semi-annual Financial Report of the Company has not been audited. ............................................................................................ 48 Section Nine Contents of Reference Files ........................................................................................................................................... 209 1 Full Text of 2015 Semiannual Report of China Merchants Property Development Co., Ltd. Abbreviation and Interpretation Unless otherwise stated, the meanings of following abbreviations in this report are as follows: Item means Interpretation SASAC means State-owned Assets Supervision and Administration Commission of State Council CSRC means China Securities Regulatory Commission SSE means Shenzhen Stock Exchange The Company and Company means China Merchants Property Development Co., Ltd. China Merchants Group means China Merchants Group Co., Ltd. China Merchants Shekou means China Merchants Shekou Industrial Zone Holdings Co., Ltd. Dafeng International means Dafeng International Limited Liability Company Full Space Investment Limited means Full-space Investment Limited Co., Ltd. Zhangzhou Development Zone means China Merchants Zhangzhou Development Zone Co., Ltd. China Merchants (Shenzhen) means China Merchants (Shenzhen) Power Supply Co., Ltd. Power Supply China Merchants (Shenzhen) means China Merchants (Shenzhen) Property Development Co., Ltd. Property CMOCTPM means Shenzhen CMOCTPM Co., Ltd. CMPI means China Merchants Property Investment Co., Ltd. CMLL means China Merchants Land Limited 2 Full Text of 2015 Semiannual Report of China Merchants Property Development Co., Ltd. Section Two Company Profile I. Company profile Chinese name in full: 招商局地产控股股份有限公司 (Chinese name in short: 招商地产) English name in full: CHINA MERCHANTS PROPERTY DEVELOPMENT CO., LTD. (English name in short: CMPD_ Legal representative: Sun Chengming Stock Listing Exchange of the Company: SZSE, Secondary stock listing exchange of the Company: SGX Stock short name: ZSDC, ZSJB Stock code: 000024, 200024 II. Contact person and contact information Secretary of the Board of Directors: Liu Ning Representatives for Securities Affairs of the Company: Chen Jiang Contact address: Building 3, Nanhaiyiku, No. 6, Xinghua Road, Shekou, Nanshan District, Shenzhen City Post code: 518067 Tel: 0755-26819600 Fax: 0755-26818666 E-mail: [email protected] III. Others 1. Contact information Registered address of the Company: Building 3, Nanhaiyiku No. 6, Xinghua Road, Shekou, Nanshan District, Shenzhen City Office address of the Company: Building 3, Nanhaiyiku, No. 6, Xinghua Road, Shekou, Nanshan District, Shenzhen City Post code: 518067 Website: http://www.cmpd.cn E-mail: [email protected] 2. Information disclosure and designated place China Securities Journal, Securities Times, Shanghai Securities News, Securities Daily and Hong Kong Commercial Daily Internet website to disclose information selected by CSRC: http://www.cninfo.com.cn 3 Full Text of 2015 Semiannual Report of China Merchants Property Development Co., Ltd. Location to prepare and store annual report of the Company: secretariat of Board of Directors of the Company 3. Change of registration 1. Date of initial registration: September 19, 1990 2. Place of initial registration: Shenzhen 3. Registered Number of Business License of the Corporate Legal Entity: 440301503287841 4. Registered number for taxation: SSDZ 440300618845136 5. Organization code: 61884513-6 6. Changes of main business and previous dominant stockholders since company’s listing The company’s predecessor is ―CHINA MERCHANTS SHEKOU PORT SERVICE CO., LTD.‖, mainly engaged in port business. On June 7, 1993, the Company’s A shares and B shares were traded on SSE. From 1998 to 1999, the Company changed its own port-related assets with equity of China Merchants (Shenzhen) Property, China Merchants (Shenzhen) Power Supply, etc. under China Merchants Shekou, holding 70% of respective accumulative equity transferred from above companies. On July 21, 2000, the Company changed its name to ―CHINA MERCHANTS SHEKOU HOLDINGS CO., LTD.‖ On July 13, 2001, the Company changed its own remaining port-related assets with 25% of equity of China Merchants (Shenzhen) Property, China Merchants (Shenzhen) Power Supply, etc. under China Merchants Shekou. On June 24, 2004, the Company changed its name to ―CHINA MERCHANTS PROPERTY DEVELOPMENT CO., LTD.‖, becoming a listed company mainly engaged in real estate development and management. Since the Company’s listing, the dominant stockholders did not change. 4. Other relevant information Accounting Firm appointed by the Company Name: Shinewing Certified Public Accountants (Special Ordinary Partnership) Address: 8/F, Block A. Fu Hua Mansion, No.8, Chaoyangmen Beidajie, Dongcheng District, Beijing Signed CPA: Guo Jinlong Wang Yaming 4 Full Text of 2015 Semiannual Report of China Merchants Property Development Co., Ltd. Section Three Summary of Financial Data and Financial Index I. Main accounting data and financial index No retroactive adjustment or restatement of accounting data for previous years due to change in accounting policies and correction of accounting errors Unit: yuan Increase or decrease Main Accounting Data Reporting period Amount of last year of the end of this reporting period compared with the Operating incomes 17,973,948,437.46 16,047,155,730.99 12.01 % same period of Net profits attributable to the listed company 2,145,502,164.69 1,785,434,748.85 previous year20.17 % shareholders Net profit attributable to shareholders of listed company after deducting non-recurring profits and 1,977,585,479.54 1,842,876,971.45 7.31 % losses Net cash flows from operating activities -7,361,095,087.22 -7,332,324,397.12 -0.39 % Basic earnings per share (Yuan/share) 0.83 0.69 20.29 % Diluted earnings per share (Yuan/share) 0.83 0.69 20.29 % Weighted average rate of return on equity (％) 6.76 % 6.53 % Increased 0.23 percent End of reporting Year-on-year increasepoint End of previous year period or decrease Total assets 168,809,263,726.54 151,692,365,118.58 11.28 % Net assets attributable to the listed company 32,777,691,121.78 31,094,416,110.82 5.41 % shareholders II. Data differences due to differences in Chinese and overseas accounting standards Unit: yuan Net profits attributable to the listed company Net assets attributable to the listed company shareholders shareholders End of reporting Reporting period Amount of last year End of previous year period By International Financial 2,145,502,164.69 1,785,434,748.85 34,117,520,350.78 32,434,245,339.82 Reporting Standards By Chinese accounting 2,145,502,164.69 1,785,434,748.85 32,777,691,121.78