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Transcription:

: 1393 2012

目錄 2 4 8 17 21 32 38 40 41 43 45 47 116

Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 185 16 617000 88 35 168 200 37 3702 02

Royal Bank of Canada Trust Company (Cayman) Limited 4th Floor, Royal Bank House 24 Shedden Road, George Town Grand Cayman KY1-1110 Cayman Islands http://www.hidili.com.cn 2 183 17 1712 1716 15 13 981 129 1393 03

2012 2012 12 31 2012 12 31 2.042011 12 312.3111.7% 22.9% EBITDA 1,924 5792011 12 31 2,862 1,40932.8% 58.9%EBITDA (i)(ii)2011 112.2(iii) 16.6 22.0(iv)8.6(v)144.2 74.7 3.5 1.60.2 2012 8 2012 12 2012 153 2011 444652 2011 3.7% 3.7% 2012 22.4% 14.7% 7.0% 5.4% 4.9% 2012 2012 32011 6.9 04

2012 88.29 2012 8 1,50034% 41% 2012 2012 1212.5 2013 1 106.2687%1,707 2013 3 2012 12 31 694.4 736.2 1. JORCJORC 2. 2012 12 31JORC548.2 2010 10 1 JORC 2010 10 12012 12 31 2012 12 31 JORC 564.7 2010 10 1 JORC 2010 10 12012 12 31 3. Runge Asia LimitedRungePincockMinarcoRMP 2012 12 31JORC 146.2171.5 4. JORCJORC JORC JORC 05

6 2012 12 315 20 10 8 2 1 1 5 3 10 5 2 2 1 1 1 2013 5 3 209420 15 20 606 10 132 345 [2006]819 840 552 1,392 3 21021180 24035300 5 1 3 6501 500 06

20112013 3 2013 2014 2012 2013 20112012 1,302.21,132.52013 200 2013 5 2012 2013 6 2013 5 24 07

1,923.62011 2,861.5 32.8% 1,258,000 189,000 20111,762,000 175,000 28.6% 8.5% 2011 1,302.2 1,622.31,132.51,469.4 13.0% 9.4% 08

2011 2012 2011 1,424,816 1,258.1 1,132.5 2,294,427 1,762.0 1,302.2 278,253 189.4 1,469.4 283,159 174.5 1,622.3 1,703,069 2,577,586 179,101 543.5 329.5 185,803 684.4 271.5 9,469 5.2 1,815.8 13,421 5.9 2,265.8 188,570 199,224 23,645 63.6 371.6 65,763 202.0 325.5 4,534 1.1 4,275.9 6,020 1.5 4,115.0 3,781 12,939 31,960 84,722 1,923,599 2,861,532 848.82011 1,093.5244.7 22.4%2012 812 2011 4,106,0001,846,000 3,522,0001,578,000 3,000109,000 09

2011 12 31 2012 2012 2012 2011 2011 2011 1,117 550 200 1,671 840 175 1,565 524 1,234 440 840 504 1,201 566 3,522 1,578 200 4,106 1,846 175 3 109 83 124 340.8 2011 544.9 204.1 37.5% 127.1 2011 200.2 267.42011237.729.7 12.5% 142.72011 133.69.16.8% 10

2012 2011 153 156 33 25 186 181 599 646 444 428 1,146 1,178 652 629 1,074.82011 1,768.1693.3 39.2% 55.9% 201161.8% 23.72011 134.0 110.3 82.3% 2011112.2 47.2 2011 10.057.2 572.5% (i) 16.6(ii) 22.0 (iii)8.6 20119.4 11

235.32011 264.6 29.3 11.1%(i) 2011 159.0 142.6 (ii) 201182.8 63.0 415.12011 407.47.71.9% 42.2201181.2 (i) 6.8 2011 1.2 (ii) 8.1(iii) 10.4 452.92011308.7144.2 46.7% (i) 104.1 2011 1,997.0 4,383.9(ii) 12.4 (iii) 74.7 190.62011 146.843.8 89.42011 200.2110.8 55.3% 87.32008 1 1 2.2 12

147.42011 713.6 861.0120.7% (EBITDA) EBITDA EBITDA30.1%201149.2% 2012 2011 (144,292) 731,033 452,902 308,701 89,435 200,243 181,057 169,055 579,102 1,409,032 2012 12 314,726.2 1,500 2013 1 (i) (ii) 2012 12 311,554.42011597 2012 12 314,383.920111,997 2,571 6.04% 12.11% 7.02% 7.59% 2012 12 31 49.2% 201138.9% 13

2012 12 31 2,003.320111,449.8 2012 12 312,380 2012 12 3113,230 2011 432.62011 429.5 5.64.60.1 (i)52.8(ii) 228.3 18% 15% 5% 4.41% 14

51% 2013 1 2010 1 1,596.2 1,696.3 2013 1 21 2013 1 28Blackrock Japan Co., LimitedBlackrock (Singapore) Limited 2010 1 2013 1 192012 12 1819 2013 2 25 2013 4 29 2012 12 31 15

(i) 0.6 18516 (ii) 15.7 1.5 57% 51% 51% 33.18% 80% (i)(ii) 2008 7 142010 12 31 (iii) (iv) (v) (iii) 6 16

40 1994 19941997 20052008 MBA 2000 5 53.28% 50 1986 2006 121986 2002 2003 20032006 Able Accord Enterprises Limited 0.94% 41 2000 Pavlova Investment Limited 0.38% 17

49 2007 6FECIL FECIL 1990 FECIL 200219902003FECILFECIL 102003 5 0.004% 51 2009 10 1 1985 67 2007 6 1970 302006 1219932003 20032006 18

45 2008 10 16 53 2003 23 39 2008 41 1992 2006 2010 15 39 2000 5 19

43 2002 3 10 48 1991 2007 20 19982006 48 2007 34 2005 20

2012 12 31 2012 12 3140 2012 12 31 20116.9 2012 12 311,623 16 31 43 44 2012 12 312.20420112,705 2012 12 31 48 21

116 30 2012 12 31 1,075.8 54.4%442.7 22.4% 2012 12 31 238.9 21.3%99.3 8.0% 2012 12 31 5% 17 20 22

2010 9 1 2011 9 1 13 3.13 3.13 23

2012 12 31 571 XV352 1 1,100,674,000 53.28% 1,000 100% 2 19,380,000 0.94% Able Accord Enterprises Limited Able Accord 1,000 100% 3 7,887,000 0.38% Pavlova Investment Limited Pavlova Investment 1,000 100% 80,000 0.004% 24

1. 1,100,674,000 Xian Yang No.1A Ltd.Xian Yang No.1A Sanlian No.1 Ltd.Sanlian No.1Xian Yang No. 1A Sanlian No.1 2011 The Xian Yang Foundation 1 Sarasin Trust Company Guernsey LimitedSarasin Trust 1,100,674,000 2. 19,380,000 Able Accord Able Accord 19,380,000Able Accord Able Accord 3. 7,887,000 Pavlova Investment Pavlova Investment 7,887,000Pavlova Investment Pavlova Investment 2012 12 31 XV 352 25

2012 12 31336 * * Sarasin Trust 1 561,343,740 (L) 27.18% (L) 1 1,100,674,000 (L) 53.28% (L) 1 1,100,674,000 (L) 53.28% (L) 2 1,100,674,000 (L) 53.28% (L) Baring Private Equity Asia GP V, L.P. 3 400,000,000 19.36% (L) Jean Eric Salata 3 400,000,000 19.36% (L) * (L) (S) (P) 1. Xian Yang No.1A Sanlian No.1Xian Yang No.1A Sanlian No.1 2011 The Xian Yang Foundation 1 Sarasin Trust 1,100,674,000 2. 3. Baring Private Equity Asia GP V, L.P. Baring Private Equity Asia GP V Limited Baring Private Equity Asia GP V Limited The Baring Asia Private Equity Fund V, L.P. Baring Private Equity Asia GP V. Limited Jean Eric Salata The Baring Asia Private Equity Fund V, L.P. Baring Private Equity Asia V Holding (8) Limited 99.35%Baring Private Equity Asia GP V, L.P. Jean Eric Salata 400,000,000 XV336 5% 26

2007 8 25 2009 4 302011 2 26 43,200,000 55,000,000 44 27

2012 1 1 2012 12 31 2009 4 30 2010 5 12017 8 24 3.15 3.15 2009 4 30 2011 5 12017 8 24 3.15 3.15 20,000 20,000 2009 4 30 2012 5 12017 8 24 3.15 3.15 20,000 20,000 40,000 40,000 2009 4 30 2010 5 12017 8 24 3.15 3.15 40,000 40,000 2009 4 30 2011 5 12017 8 24 3.15 3.15 20,000 20,000 2009 4 30 2012 5 12017 8 24 3.15 3.15 100,000 100,000 120,000 120,000 11,587,000 11,587,000 2009 4 30 2010 5 12017 8 24 3.15 3.15 17,128,000 17,128,000 2009 4 30 2011 5 12017 8 24 3.15 3.15 8,564,000 8,564,000 2009 4 30 2012 5 12017 8 24 3.15 3.15 21,960,000 21,960,000 2011 2 26 2012 2 27 2017 8 24 6.604 6.604 21,960,000 21,960,000 2011 2 26 2013 2 27 2017 8 24 6.604 6.604 10,980,000 10,980,000 2011 2 26 2014 2 27 2017 8 24 6.604 6.604 92,179,000 92,179,000 2009 4 30 2010 5 12017 8 24 3.15 3.15 32,000 32,000 2009 4 30 2011 5 12017 8 24 3.15 3.15 16,000 16,000 2009 4 30 2012 5 12017 8 24 3.15 3.15 40,000 40,000 2011 2 26 2012 2 27 2017 8 24 6.604 6.604 40,000 40,000 2011 2 26 2013 2 27 2017 8 24 6.604 6.604 20,000 20,000 2011 2 26 2014 2 27 2017 8 24 6.604 6.604 148,000 148,000 92,447,000 92,447,000 28

1. 1851617 0.6 14A.33(3)(a) 14A 2. (a)15.7 1.5 57% 51% 51% 33.18% 80% (i) (ii) 2008 7 142010 12 31 (iii)(iv) (v) 14A (b) 6 14A (i) (ii) (iii) 3000 740 14A.38 29 29

3.21 2007 8 25 2012 6 30 2012 12 31 2012 12 31 2012 4 1 2012 1 1 2012 3 31 2012 4 1 2012 12 31 A.2.1 A.6.7 E.1.2 2012 6 29 30

2012 12 31 2013 6 26 2013 6 206 26 2013 6 19 18317 1712 16 2013 5 24 31

A2.1A6.7E1.2 2012 12 31 1720 32

A.2.1 3.13 3.13 A.6.5 33

4 4 4 4 4 4 2012 6 29 A.6.7 E.1.2 2007 8 25 34

44 2012 2007 8 25 2012 12 31 35

2012 12 31 3.13.9 38 C.2.1 36

ir@hidili.com.cn (www.hkexnews.hk) (ww.hidili.com.cn) http://www.hidili.com.cn 37

40115 2012 12 31 38

2012 12 31 2 2012 12 31 4,726,246,000 540,684,000 42 2 2 2013 3 26 39

2012 12 31 2012 2011 7 1,923,599 2,861,532 (848,785) (1,093,479) 1,074,814 1,768,053 8 23,698 133,984 9 (47,204) 9,990 (235,291) (264,607) (415,145) (407,443) (2,827) 10 (452,902) (308,701) (54,857) 931,276 11 (89,435) (200,243) 12 (144,292) 731,033 (147,396) 713,608 3,104 17,425 (144,292) 731,033 15 (7.14) 34.6 (7.14) 34.3 40

2012 12 31 2012 2011 16 13,594,766 12,196,348 17 29,031 29,707 18 108,282 112,082 19 144,023 146,850 20 228,330 228,330 21 206,015 250,684 27 72,017 58,603 14,382,464 13,022,604 22 170,053 147,409 23(a) 887,662 1,221,325 23(b) 9,800 23,000 24 461,597 592,678 25(a) 9,935 1,535 25(c) 22,042 22,875 26 52,836 64,541 27 179,261 126,254 27 1,554,368 596,966 3,347,554 2,796,583 28(a) 461,080 398,418 28(b) 9,800 23,000 29 535,583 769,668 25(b) 444 25(d) 823 27,577 25(e) 14,765 15,142 142,204 195,129 37 2,518,094 38 1,820,007 30 2,571,000 1,617,000 8,073,800 3,045,934 (4,726,246) (249,351) 9,656,218 12,773,253 41

2012 12 31 2012 2011 31 199,078 199,078 32 7,085,719 7,361,780 7,284,797 7,560,858 99,800 182,834 7,384,597 7,743,692 33 17,434 14,807 34 123,704 164,098 35 317,548 315,386 30 1,812,935 380,000 37 2,496,399 38 1,658,871 2,271,621 5,029,561 9,656,218 12,773,253 2013 3 26 40 115 42

2012 12 31 32 32 iii 32 2011 1 1 198,605 3,104,400 695,492 381,912 179,434 189,917 67,997 (43,402) 2,135,483 6,909,838 163,602 7,073,440 713,608 713,608 17,425 731,033 473 24,417 (10,010) 14,880 14,880 62,069 41,773 (103,842) 44 81,217 81,217 81,217 1,470 1,470 i (24,438) (24,438) 87 (24,351) 250 250 14 (134,247) (134,247) (134,247) 473 (109,830) 62,069 41,773 71,207 (24,438) (103,842) (62,588) 1,807 (60,781) 2011 12 31 199,078 2,994,570 695,492 443,981 179,434 231,690 139,204 (67,840) 2,745,249 7,560,858 182,834 7,743,692 43

2012 12 31 32 32 iii 32 2012 1 1 199,078 2,994,570 695,492 443,981 179,434 231,690 139,204 (67,840) 2,745,249 7,560,858 182,834 7,743,692 (147,396) (147,396) 3,104 (144,292) 59,021 46,447 (105,468) 44 42,177 42,177 42,177 980 980 ii (28,312) (28,312) (84,188) (112,500) 36 (2,930) (2,930) 14 (142,530) (142,530) (142,530) (142,530) 59,021 46,447 42,177 (28,312) (105,468) (128,665) (86,138) (214,803) 2012 12 31 199,078 2,852,040 695,492 503,002 179,434 278,137 181,381 (96,152) 2,492,385 7,284,797 99,800 7,384,597 i 2011 12 31 30% 24.4 2.5 21.9 ii 2012 12 31 112,500,00088,500,000 60,000,00028,500,00024,000,000 iii 2013 1 19 62,974,000 2011 1 1 242,408,000 179,434,000 38 44

2012 12 31 2012 2011 (54,857) 931,276 1,305 678 3,800 3,800 (6,167) (9,583) (1,360) (4,019) (1,259) 175,952 164,577 42,177 81,217 452,902 308,701 6,822 1,240 16,636 (560) 22,000 2,827 (14,656) 658,018 1,465,431 314,637 (303,692) 120,711 (161,386) 62,692 127,011 11,705 32,828 2,627 3,161 833 84,067 1,535 (1,535) (25,205) 95,565 (26,754) 26,377 (322,873) 280,394 797,926 1,648,221 (140,198) (88,415) 657,728 1,559,806 45

2012 12 31 2012 2011 (1,342,016) (2,121,186) (210,838) (643,887) (18,396) (2,539) (15,000) (11,033) (9,935) (900) (20,998) (30,779) 1,500 36 4,155 6,167 4,690 18,539 9,026 144,417 624,821 4,019 1,259 (1,429,321) (2,179,593) 4,403,935 1,457,000 9,800 23,000 980 1,470 444 250 (10,000) (377) (313) (24,000) (21,851) (41,544) (63,232) (142,530) (134,247) (460,713) (469,241) (2,017,000) (1,230,000) 14,880 1,728,995 (432,284) 957,402 (1,052,071) 596,966 1,649,037 1,554,368 596,966 46

2012 12 31 1. 2006 9 1 221961 3 168 20037 3702 Sanlian Investment Holding Limited * Sarasin Trust Company Guernsey Limited 2. 2012 12 31 4,726,246,000 540,684,00042 (1) 2,500,000,000 (2) 400,000,000 1212 (i)(ii) 2,150,000,000 1,120,000,00012 1,030,000,000 12 (iii) 2013 1 1 3,175,000,000 841,000,000 12 2,334,000,00012 (iv) * 47

2012 12 31 3. 12 7 7 7 28(b) 7 40 7 48

2012 12 31 3. 20092011 1 7 1 9 9 3 7 10 1 11 12 10 2 12 27 9 3 10 1 11 1 12 1 13 1 192011 1 272011 1 282011 1 1 4 32 2 20 1 1 2013 1 1 2 2014 1 1 3 2015 1 1 4 2012 7 1 9 2009 11 9 9 2010 10 9 39 9 49

2012 12 31 3. 9 9 39 92015 1 1 9 4. 50

2012 12 31 4. (i) (ii) (iii) 51

2012 12 31 4. 39 36 36 52

2012 12 31 4. 53

2012 12 31 4. 54

2012 12 31 4. 55

2012 12 31 4. 56

2012 12 31 4. 57

2012 12 31 4. 39 58

2012 12 31 4. 59

2012 12 31 4. 60

2012 12 31 4. 61

2012 12 31 4. 62

2012 12 31 4. 63

2012 12 31 5. 4 2012 12 31 13,595201112,196 16 22,000,0002011 64

2012 12 31 5. 4 2012 12 31 8,8342011 7,495 2012 12 31 520.32011 529.4 55201155 345.72011 465.7 2012 12 318,83420117,495 65

2012 12 31 6. 30 37 38 31 32 7. 8(i) (ii) (iii) 66

2012 12 31 7. 2012 12 31 1,627,562 287,722 8,315 1,923,599 190,992 (190,992) 1,818,554 287,722 8,315 (190,992) 1,923,599 705,398 93,799 1,690 800,887 23,698 (415,145) (8,568) (2,827) (452,902) (54,857) 67

2012 12 31 7. 2011 12 31 2,545,993 296,580 18,959 2,861,532 238,282 (238,282) 2,784,275 296,580 18,959 (238,282) 2,861,532 1,351,922 144,611 7,473 1,504,006 133,984 (407,443) 9,430 (308,701) 931,276 68

2012 12 31 7. 2012 12 31 16,636 16,636 16,636 22,000 22,000 22,000 118,733 25,694 144,427 36,630 181,057 2,627 2,627 2,627 2011 12 31 560 560 560 113,789 19,260 133,049 36,006 169,055 3,161 3,161 3,161 69

2012 12 31 7. 10% 2012 2011 1 442,700 521,052 2 291,215 3 2 3 476,709 1 419,586,0002011347,011,000 23,114,0002011 174,041,000 2 3 10% 8. 2012 2011 6,167 4,690 4,893 4,549 5,039 4,019 1,259 36 1,360 112,244 7,603 5,859 23,698 133,984 70

2012 12 31 9. 2012 2011 (6,897) 1,658 (9,739) (1,098) (16,636) 560 (8,568) 9,430 (22,000) (47,204) 9,990 10. 2012 2011 178,857 74,776 60,320 47,911 186,811 112,107 217,556 220,734 643,544 455,528 16 (190,642) (146,827) 452,902 308,701 71

2012 12 31 11. 2012 2011 87,196 189,864 77 1,982 87,273 191,846 35 2,162 8,397 89,435 200,243 2012201125% 2012 2011 (54,857) 931,276 25% 201125% (13,714) 232,819 (42,440) (56,926) (205) (4,993) 12,711 4,927 3,454 9,880 130,864 14,752 77 1,982 (1,312) (2,198) 89,435 200,243 25% 201125% 72

2012 12 31 11. 2007 7 4 2008200920102012 3 2012 12.5% 201112.5% 20072008 20092011 201112.5% 2010 2011 12 31201112.5% 201225% 2008 1 1 68,854,000201165,400,000 12. 2012 2011 13 3,214 2,985 363,481 330,679 23,782 14,776 42,092 81,021 432,569 429,461 3,115 2,950 1,305 678 3,800 3,800 33 2,627 3,161 175,952 164,577 6,822 1,240 848,785 1,093,479 8,568 5,225 73

2012 12 31 13. 620116 (A) 2012 2011 600 600 2,583 2,316 23 21 8 48 3,214 2,985 2012 12 31 200 200 200 600 1,138 567 878 2,583 11 12 23 4 4 8 1,149 579 878 204 200 204 3,214 74

2012 12 31 13. (A) 2011 12 31 200 200 200 600 872 662 782 2,316 10 11 21 24 24 48 882 673 782 224 200 224 2,985 (B) 5 5 120114 20115 2012 2011 1,910 1,340 39 49 24,794 45,582 26,743 46,971 75

2012 12 31 13. (B) 5 2012 2011 1,000,001 1,500,000 1 1,500,001 2,000,000 1 1 2,000,001 2,500,000 2 11,500,001 12,000,000 1 18,000,001 18,500,000 1 20,000,001 20,500,000 1 31,000,001 31,500,000 1 5 20122011 14. 2012 2011 20116.9 201120106.5 142,530 134,247 2012 12 31 142,530,0002011 12 31 6.9 2012 12 31 76

2012 12 31 15. 2012 2011 (147,396) 713,608 2012 2011 2,065,653 2,064,424 14,896 2,065,653 2,079,320 2012 12 31 2011 12 31 77

2012 12 31 16. 2011 1 1 424,477 7,197,356 660,434 89,081 30,397 2,087,981 10,489,726 5,292 399,140 209,691 3,112 10,816 1,670,779 2,298,830 47,517 203,165 55,683 128 (306,493) (3,566) (11,971) (2,891) (1,757) (18) (20,203) 2011 12 31 473,720 7,787,690 922,917 90,436 41,323 3,452,267 12,768,353 955 173,310 86,983 7,414 8,782 1,345,152 1,622,596 48,659 1,244,234 58,106 1,567 (1,352,566) (15,718) (37,734) (7,373) (115) (60,940) (1,050) (92) (1,142) 2012 12 31 507,616 9,205,234 1,030,272 89,427 51,465 3,444,853 14,328,867 2011 1 1 40,438 218,161 115,891 37,087 5,788 417,365 12,639 82,004 52,467 13,569 3,898 164,577 (475) (7,379) (916) (1,166) (1) (9,937) 2011 12 31 52,602 292,786 167,442 49,490 9,685 572,005 13,599 78,175 66,828 12,298 5,052 175,952 8,927 13,073 22,000 (5,112) (26,598) (3,824) (45) (35,579) (243) (34) (277) 2012 12 31 70,016 370,961 220,745 57,721 14,658 734,101 2012 12 31 437,600 8,834,273 809,527 31,706 36,807 3,444,853 13,594,766 2011 12 31 421,118 7,494,904 755,475 40,946 31,638 3,452,267 12,196,348 78

2012 12 31 16. 15 35 5 15 5 10 10 15 2012 12 31 1,392,783,00020111,725,537,000 2012 12 3122,000,0002011 2012 12 31 2012 12 31 983,684,0003,981,069,000 79

2012 12 31 16. 14.9% 17. 2012 2011 29,031 29,707 677 1,306 29,708 31,013 50 80

2012 12 31 18. a b 2011 1 1 2011 12 31 2012 12 31 114,000 11,065 125,065 2011 1 1 9,183 9,183 3,800 3,800 2011 12 31 12,983 12,983 3,800 3,800 2012 12 31 16,783 16,783 2012 12 31 97,217 11,065 108,282 2011 12 31 101,017 11,065 112,082 a. 2008 7 114,000,000 37% 900,000 2008 730 37% 114,000,00030 30 b. 2008 7 127,500,000 70% 2012 12 31 81

2012 12 31 19. 2012 2011 146,850 146,850 (2,827) 144,023 146,850 2012 2011 47.38% 47.38% 20% 20% 49% 49% 25% 25% 20122011 12 31 55,395,00014,870,000675,000 82

2012 12 31 19. 2012 2011 338,936 259,980 (134,046) (51,182) 204,890 208,798 73,083 75,909 245,754 (5,465) (2,827) 20. 2012 2011 228,330 228,330 18% 15% 4.41% 5% 83

2012 12 31 21. 2012 2011 6,860 35,960 104,480 86,084 68,642 68,640 60,000 15,000 11,033 206,015 250,684 2012 12 316,860,0002011 35,960,000 12 10% 22. 2012 2011 107,737 74,037 1,540 2,495 17,204 5,117 43,572 65,760 170,053 147,409 84

2012 12 31 23. (A) 2012 2011 530,239 532,391 (9,922) (3,025) 520,317 529,366 367,345 691,959 887,662 1,221,325 90 120 90 180 2012 2011 0 90 652,849 1,059,725 91 120 80,797 33,175 121 180 72,830 119,403 181 365 79,114 5,048 365 2,072 3,974 887,662 1,221,325 2012 12 31 101,496,0002011 128,425,000 120 85

2012 12 31 23. (A) 2012 2011 121 180 20,310 119,403 181 365 79,114 5,048 365 2,072 3,974 101,496 128,425 2012 2011 3,025 4,683 6,901 1,726 (4) (3,384) 9,922 3,025 9,922,0002011 12 313,025,000 (B) 90 180 2012 2011 91 120 23,000 121 180 9,800 9,800 23,000 86

2012 12 31 24. 2012 2011 77,440 166,373 80,171 61,006 6,785 11,006 5,312 32,996 47,149 41,831 17,689 32,561 40,000 55,000 187,051 191,905 461,597 592,678 2011 2012 12 31 30,000,000 2012 2011 26,067 24,969 12,595 16,515 (2,856) (15,417) 35,806 26,067 25. (A) 2012 2011 1,535 7,000 2,935 9,935 1,535 87

2012 12 31 25. (B) 2012 2011 444 (C) 2012 2011 i 15,157 16,504 ii 6,885 6,365 iii 6 22,042 22,875 (D) 2012 2011 v 250 850 iv 573 26,727 823 27,577 (E) 88

2012 12 31 25. (i) 18(a) 37% (ii) 18(a) 37% (iii) 2011 12 31 (iv) 20122011 12 31 (v) 26. 2012 2011 2,478 52,836 62,063 52,836 64,541 27. 179,261,0002011126,254,0001 72,017,000201158,603,000 89

2012 12 31 27. 2012 12 310.76% 20110.71% 28. (A) 2012 2011 0 90 255,961 238,340 91 180 95,519 125,785 181 365 56,088 15,441 365 53,512 18,852 461,080 398,418 90 (B) 2012 2011 5.81% 4.13% 23,000,000 2011241,333,000 90

2012 12 31 29. 2012 2011 40,830 244,514 55,151 54,896 31,920 146,282 19,978 44,095 2,000 2,524 229,017 139,079 34 53,244 54,394 103,443 83,884 535,583 769,668 30. 2012 2011 1,781,000 1,397,000 130,000 1,472,935 1,000,000 600,000 4,383,935 1,997,000 2012 8 28 1,50034% 41% 2012 8 28 36 2012 8 28 1,500 12.11% 91

2012 12 31 30. * 2012 2011 2,571,000 1,617,000 1,732,935 150,000 80,000 230,000 4,383,935 1,997,000 (2,571,000) (1,617,000) 1,812,935 380,000 * 2012 2011 1,400,000 880,000 1,472,935 2012 2011 6.04% 8.63% 5.04% 7.87% 5.4% 12.11% 8.50% 7.02% 7.59% 6.34% 7.87% 4,40420111,457 43 92

2012 12 31 31. 2012 2011 2012 2011 2012 2011 0.1 2011 1 12011 12 312012 12 31 10,000,000 10,000,000 1,000,000 1,000,000 2,065,653 2,060,000 206,565 206,000 199,078 198,605 5,653 565 473 2,065,653 2,065,653 206,565 206,565 199,078 199,078 2011 12 313.155,653,000 44 32. (A) 10% 50% (B) (C) 2007 93

2012 12 31 33. 2011 1 1 11,646 3,161 2011 12 31 14,807 2,627 2012 12 31 17,434 34. 2012 2011 176,948 218,492 (53,244) (54,394) 123,704 164,098 20082011 5.31% 94

2012 12 31 35. 2011 1 1 55,520 251,469 306,989 9,880 (1,483) 8,397 2011 12 31 65,400 249,986 315,386 3,454 (1,292) 2,162 2012 12 31 68,854 248,694 317,548 2008 1 12012 12 31 640,338,0002011154,882,000 20132017201120122016 95

2012 12 31 36. 2012 12 31 51% 2012 3 9 4,409 865 2,561 2,329 254 (30) 5,979 4,409 (5,979) 2,930 1,360 4,409 (254) 4,155 96

2012 12 31 37. 2010 10 28 400,000,0002,596,614,000 8.625% 2015 11 4 2,042 20112,052 2013 11 42013 11 4 2013 11 4 35%108.625% 20122011 12 31 2012 12 31 2012 12 31 97

2012 12 31 38. 2010 1 19 1,707 1.5 1,707 2015 1 19 12.58 10.8803 1.5% 2013 1 19106.2687% 2011 12 31 2012 12 31 2015 1 19 110.8254% 7.51% 2012 12 31 2011 1 1 62,974,000 2013 1 19 2011 1 1242,408,000179,434,000 2012 1 1 1,509,395,0001,572,369,000 2011 1 1 1,572,369 112,107 (25,605) 2011 12 31 1,658,871 186,811 (25,675) 2012 12 31 1,820,007 98

2012 12 31 39. A. 2012 2011 2,912,421 2,151,759 52,836 64,541 228,330 228,330 9,667,556 7,075,527 B. 99

2012 12 31 39. B. (i) 2012 2011 2012 2011 2,518,094 2,496,399 33,217 15,142 4,284 10,785 5% 20115% 5% 5% 5% 20115% 2012 2011 93,183 93,047 (161) (404) 100

2012 12 31 39. B. (ii) 50201150 50201150 158,000 20111,963,000 (iii) 5% 1,981,000 20112,420,000 101

2012 12 31 39. B. 2012 12 31 58% 201165% 2012 12 31 4,38420111,997 2,51820112,496 1,8202011 1,659 102

2012 12 31 39. B. 2012 1 1 3 4 1 1 5 2012 12 31 % 280,794 28,679 151,607 461,080 461,080 5.81 10,156 10,156 9,800 226,932 4,104 50,624 281,660 281,660 14,765 14,765 14,765 673 50 100 823 823 444 444 444 6.1 14,457 16,648 26,579 120,204 177,888 176,948 7.31 1,210,214 358,217 1,568,431 1,511,000 9.13 1,645,174 1,643,790 3,288,964 2,872,935 8.625 2,518,094 2,518,094 2,518,094 7.51 1,827,121 1,827,121 1,820,007 4,883,280 49,481 3,094,454 2,122,211 10,149,426 9,667,556 103

2012 12 31 39. B. 2011 1 1 3 4 1 1 5 2011 12 31 % 103,458 290,560 4,400 398,418 398,418 4.13 23,594 23,594 23,000 95,984 144,644 240,628 240,628 15,142 15,142 15,142 27,577 27,577 27,577 5.40 14,457 16,648 24,427 174,108 229,640 218,492 7.21 50,601 717,958 407,398 1,175,957 1,117,000 7.14 919,270 919,270 880,000 8.625 2,711,089 2,711,089 2,496,399 7.51 12,908 12,767 1,839,682 1,865,357 1,658,871 269,526 502,453 1,702,416 5,132,277 7,606,672 7,075,527 104

2012 12 31 39. C. 2012 12 31 2,51820112,496 1,820 2011 1,659 2,042 2011 2,052 1,75020111,396 2012 12 31 52,836 52,836 105

2012 12 31 39. C. 2011 12 31 64,541 64,541 152,631 152,631 2011 1 1 3,269 14,656 6,863 152,631 (24,788) 2011 12 31 152,631 201114,656,000 2011 12 31 2012 12 31 106

2012 12 31 40. 2012 12 31 23(b) 9,800 (9,800) 41. 2012 2011 24,399 23,224 2012 2011 1 2,809 19,626 25 1,957 5,245 5 132 226 4,898 25,097 110 107

2012 12 31 42. 2012 2011 540,684 611,311 43. 27 30 37 2012 2011 1,718,855 1,142,252 179,261 165,254 99,762 142,320 5,448 2,003,326 1,449,826 44. 2007 8 25 2017 8 24 (i) (ii) (iii) (iv) (v) (vi) 108

2012 12 31 44. 200,000,000 10% 9.7% 10% 10% 1% 12 0.1% 5,000,000 28 1.00 (i) (ii) (iii) 2012 12 31 92,447,0002011 92,447,000 4.48% 20114.48% 109

2012 12 31 44. 2011 1 1 2011 12 31 2012 12 31 2009 4 30 2010 4 302017 8 24 3.15 80,000 (40,000) 40,000 2009 4 30 2011 4 302017 8 24 3.15 80,000 (40,000) 40,000 2009 4 30 2012 4 302017 8 24 3.15 40,000 40,000 200,000 (80,000) 120,000 2012 12 31 120,000 2011 12 31 80,000 2011 1 1 2011 12 31 2012 12 31 2009 4 30 2010 4 302017 8 24 3.15 17,128,000 (5,541,000) 11,587,000 2009 4 30 2011 4 302017 8 24 3.15 17,128,000 17,128,000 2009 4 30 2012 4 302017 8 24 3.15 8,564,000 8,564,000 2011 2 26 2012 2 272017 8 24 6.604 21,960,000 21,960,000 2011 2 26 2013 2 272017 8 24 6.604 21,960,000 21,960,000 2011 2 26 2014 2 272017 8 24 6.604 10,980,000 10,980,000 42,820,000 54,900,000 (5,541,000) 92,179,000 2012 12 31 59,239,000 2011 12 31 28,715,000 110

2012 12 31 44. 2011 1 1 2011 12 31 2012 12 31 2009 4 30 2010 4 30 2017 8 24 3.15 32,000 (32,000) 2009 4 30 2011 4 302017 8 24 3.15 32,000 32,000 2009 4 30 2012 4 302017 8 24 3.15 16,000 16,000 2011 2 26 2012 2 272017 8 24 6.604 40,000 40,000 2011 2 26 2013 2 272017 8 24 6.604 20,000 20,000 2011 2 26 2014 2 272017 8 24 6.604 40,000 40,000 80,000 100,000 (32,000) 148,000 2012 12 31 88,000 2011 12 31 32,000 43,100,000 55,000,000 (5,653,000) 92,447,000 2011 12 3155,000,000 2011 2 262011 2 26 2012 2 272013 2 27 2014 2 27 63,811,000 53,833,000 67,661,000 57,081,000 32,968,00027,813,000 2012 2 26 2013 2 26 2014 2 26 6.45 6.45 6.45 6.604 6.604 6.604 57.52% 57.52% 57.52% 2.334% 2.334% 2.334% 111

2012 12 31 44. 2011 12 31 2012 12 31 42,177,0002011 81,217,000 42,092,000201181,021,000 8,000201148,00077,0002011 148,000 45. (a) 2012 2011 1,586 3,832 9,143 4,461 785 3,814 4,154 6,781 499 1,469 # 6,000 600 850 # 30 2012 12 312,4702011946 112

2012 12 31 45. (b) 2012 2011 5,390 4,256 81 70 25,588 45,630 31,059 49,956 46. 20% 20122011 12 31 47. (a) 2013 1 191,596 1,6962013 1 21 2013 1 28 104,600,000 (b) 2013 2 450,000,000 0.10 5,300,000 2013 2 6 113

2012 12 31 48. 20122011 12 31 Hidili Investment Holding Limited 1,250,000 100% (1) 1,800,000,000 100% 10,000,000 100% (1) 7,812,500 100% (1) 600,000,000 100% (1) 10,000,000 100% (1) 6,800,000 100% (1) (1) 660,000,000 100% (2) 5,000,000 100% (2) 70,000,000 70% 15,000,000 70% (2) (2) 5,000,000 100% (1) (2) 114

2012 12 31 48. 49. 115

2012 2011 2010 2009 2008 1,923,599 2,861,532 2,437,319 1,495,396 2,488,449 (147,396) 713,608 669,505 403,509 1,003,350 2012 2011 2010 2009 2008 14,382,464 13,022,604 10,707,160 8,403,847 5,291,630 3,347,554 2,796,583 3,931,178 2,497,090 1,994,337 (8,073,800) (3,045,934) (1,760,490) (3,586,319) (1,358,705) (2,271,621) (5,029,561) (5,741,434) (891,535) (52,708) 7,384,597 7,743,692 7,136,414 6,423,083 5,874,554 (99,800) (182,834) (163,602) (145,087) (35,759) 7,284,797 7,560,858 6,972,812 6,277,996 5,838,795 2012 2011 2010 2009 2008 1,627,562 2,545,993 1,730,141 614,522 1,234,831 287,722 296,580 696,556 871,702 1,242,423 8,315 18,959 10,622 9,172 11,195 705,398 1,361,362 983,662 256,483 627,715 93,799 144,611 364,772 458,683 708,425 1,690 7,473 3,209 2,255 995 116