XIANGYU DREDGING HOLDINGS LIMITED () : 871 2012
Design And Produced By: EDICO Financial Press Services Limited
02 03 04 05 06 09 17 25 35 46 48
02 Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands 1 168 200 36 19 Codan Trust Company (Cayman) Limited www.xiangyu.com.hk
03 2 571
04 966,027 1,137,303 374,883 346,549 133,349 294,886 415,730 135,669 121,971 61,925 (80,494) (112,566) (40,639) (33,130) (16,261) 214,392 303,164 95,030 88,841 45,664 199,495 303,164 95,030 88,841 45,664 14,897 214,392 303,164 95,030 88,841 45,664 1,577,510 830,877 376,573 71,901 62,972 1,019,689 734,028 292,960 314,134 95,896 (955,466) (334,924) (233,327) (218,407) (80,081) (97,858) 1,543,875 1,229,981 436,206 167,628 78,787
05 1. 2. 3.
06
07 Frost & Sullivan
(i) (ii) (iii) (iv) 966,000,000 1,137,300,00015.1% 533,700,000 223,800,000 42.6%8.2% 74,200,000 134,300,000
10 708,800,000 636,600,000 10.2% 329,400,000 428,500,000 23.1% 43.2% 36.3% 13.0%31.5% 32.1% 6,700,000 37,400,000 5,300,000 15,200,000 38,700,000 9,200,000 29,500,000 30,200,000800,000
11 80,500,000 32,100,000 303,200,00029.3% 214,400,000 0.4341.9%0.25
12 1,543,900,000 1,230,000,000 64,200,000 399,100,0001.07 2.19 106,400,000 125,800,00019,400,000 969,500,000 676,700,000 328,300,00098,900,000 16,800,000 212,600,000 95% 288,300,000 5% 400,0005%
13 85%253,000,000 (i) (ii) (iii) (iv) 10,000,000 70,000,000 100,000,000 6% 1,053,300,000 334,900,000409,000,000 16.7%1.6% 76,000,000
14 85% 200,000,000 3.19 638,000,000579,000,000 468,300,000
15 606211 55,700,000 25,100,000 966,000,000 15.1%329,400,00023.1% 199,500,000
16 18
17 52 50
18 60 600266 54 630 629592 374
19 66 62
20 40 474 747 8016 706 2324
21 48 61 30 15 3 8
22 48 63 20
23 52 (Macquarie University) (International Compliance Association) 43
24 41 37 8
25
26 3.13
27
28 14 3 11 10 11 10 11 7 9 2 2 9 11 10 11 7 9 2 2 4 4
29
30 B.1.5 1,000,000 8 1 1 # 1 2 # 3 3 3 3 #
31 # 1 1 # 1 1 1 1 # C.3.3
32 # 3 3 3 3 2 2 1 1 #
33 405,000227,000 2,430,000
34 A.6.7 64 2 21 info@xiangyu.com.hk
35 37 0.02 15 24
36 36 68.9% 33.7% 46.9% 22.8% 5%
37 109 105(A) 105(A) 3.13
38 14A.33 (i) (ii) (iii) 2 14A.42(3) 14A 14A
39 (i) (ii) (iii) (i) (ii) (iii) 14A.383000 740 a. b. c. 32 14A
40 35 * 42,000,000 42,000,000 12,000,000 12,000,000 26,000,000 (14,000,000) 12,000,000 a b c 2.04 2.192 2.04 2.192 1.85 1.920 80,000,000 (14,000,000) 66,000,000 (a) (b) (c) * 1 66,000,000
41 XVXV7 8 352 1 325,100,000 40.64% 1 6,050,000 0.75% 2 331,150,000 41.39% 1. 325,100,000 6,050,000 2.
42 1 200 100% 1 100% 39,315,800 2 200 100% 2 100% 39,315,800 1. 98.47% 1.53% 1.53% 2. XV XV7 8 352
43 336 XV2 3 336 325,100,000 40.64% 1 98,602,000 12.33% 10,000 1 98,612,000 12.33% 1 98,602,000 12.33% 2 69,000,000 8.63% 2 69,000,000 8.63% 2 69,000,000 8.63% 2 69,000,000 8.63% 2 69,000,000 8.63% 2 69,000,000 8.63% 3 45,900,000 5.74% 3 45,900,000 5.74% 3 45,900,000 5.74% 3 45,900,000 5.74% 4 114,900,000 14.36%
44 1. 98,602,000 10,000 2. 69,000,000 69,000,000 3. 45,900,000 4. 57.15% 35.4% (2) (3) 336 XV2 3
45
46 48 112
47
7 966,027 1,137,303 (636,613) (708,760) 48 329,414 428,543 8 37,384 44,088 (15,230) (9,914) (38,707) (30,321) (11,786) 9 (17,975) (4,880) 294,886 415,730 10 (80,494) (112,566) 11 214,392 303,164 199,495 303,164 14,897 214,392 303,164 13 0.25 0.43 0.25
49 15 1,375,046 705,225 16 92,800 27 201 150 17 109,463 125,502 1,577,510 830,877 16 2,410 17 910,867 608,240 19 76,017 19 30,395 125,788 1,019,689 734,028 20 382,925 138,158 21 7,732 60,321 97,573 111,445 23 434,000 25,000 23 33,236 955,466 334,924 64,223 399,104 1,641,733 1,229,981
24 67,200 67,200 1,389,148 1,162,781 50 1,456,348 1,229,981 87,527 1,543,875 1,229,981 22 76,002 25 21,856 97,858 1,641,733 1,229,981 48 112
51 i ii 39,451 173,481 13,549 22 209,703 436,206 436,206 303,164 303,164 303,164 BVI iii 8,265 (173,481) 165,216 iv (39,316 ) 39,316 v 16,800 519,120 535,920 535,920 (45,309) (45,309) (45,309) vi 42,000 (42,000) 67,200 431,811 13,549 204,554 512,867 1,229,981 1,229,981 199,495 199,495 14,897 214,392 14 (12,960) (12,960) (12,960) 35 9,156 9,156 9,156 27 30,676 30,676 72,630 103,306 67,200 418,851 9,156 13,549 235,230 712,362 1,456,348 87,527 1,543,875 (i) 50% (ii) 2BVI 2 (iii) (a)99,000,0000.10 BVI(b)1,000,000BVI (iv) 2 (v) 3.19 200,000,0000.10638,000,000535,920,000 (vi) 50,000,000 500,000,0000.10
294,886 415,730 56,209 25,796 1,205 (46) 9,156 17,975 4,880 (19,586) (974) 52 359,799 445,432 (160,748) (453,302) 99,596 11,846 298,647 3,976 (95,514) (40,117) 203,133 (36,141) 2,805 974 27 (17,092) (384,382) (354,448) (150) (73,017) (89,415) 65 (561,036) (353,624) 535,920 (45,309) 434,000 215,900 (82,995) (230,900) 1,158 871 334,391 129,610 (393,980) (97,308) (12,960) (17,975) (4,880) 262,510 503,033 (95,393) 113,268 125,788 12,520 30,395 125,788
53 1. Cricket Square, Hutchins Drive, P.O. Box 2681 Grand Cayman, KY1-1111, Cayman Islands 168 20036 19 37 2. (i)
2. (i) (a) 54 (b) (c) (d) (iv) (e) (f) (g) (h)
55 2. (ii) (i) (ii) (iii)
2. (iii) 22,276,000 56 (iv)
57 2. (v) (i)101 (ii)1 50% (iii)3 50% (BVI) BVI 1.00 BVI 100,0001.00 BVI 9,9991.00 BVI BVI10,0001.00 BVI173,548,000 10,0001.00 BVI
2. 58 3. 64,000,000 286,000,000 38 (i) (ii) (iii) 240,000,000
59 4. 12 7 7 7 718 7
4. 1 7 1 9 9 3 7 10 11 1 12 10 2 12 27 9 3 10 1 11 1 12 1 13 1 19 1 27 1 28 1 1 4 32 2 1 20 60 1 2 3 4 113111 13 11 11 31 11 31 11
61 5.
5. 62
63 5. 12 19 2 5
5. 64
65 5.
5. 66
67 5.
5. 68
69 5.
5. 70
71 5. 6. 5
6. 72
73 7. 27 (i) (ii) (iii) (iv)
7. 74 533,715 223,827 74,167 134,318 966,027 193,673 70,503 7,642 43,065 314,883 35,386 (41,637) (13,746) 294,886 33,410 4,750 2,185 15,864 56,209 930,378 206,925 1,137,303 401,562 26,981 428,543 44,088 (40,235) (11,786) (4,880) 415,730 24,575 1,221 25,796 5
75 7. 1,513,250 402,654 16,857 458,754 2,391,515 95,210 76,017 30,395 4,062 2,597,199 1,264,344 169,320 1,433,664 125,788 5,453 1,564,905 569,000 12,000,000
76 7. 10% A 325,205 B 307,279 C 488,522 D 141,252 206,925 B C10% A 8. 17,105 43,100 2,805 974 16,781 46 647 14 37,384 44,088
77 8. 43,100,000 17,105,000 9. 16,597 3,397 647 1,483 731 17,975 4,880 10. 82,314 112,566 25 (1,820) 80,494 112,566
78 10. 294,886 415,730 25%25% 73,722 103,933 6,772 8,633 80,494 112,566 (i) 25% (ii) 16.5%
79 11. 2,430 3,240 56,209 25,796 1,205 164 10,409 12 6,595 4,871 35 9,156 37,856 19,653 2,070 568 55,677 25,092 330,178 188,575
12. 80 3,783 3,783 1,701 1,701 5,484 5,484 647 647 647 647 199 199 150 150 102 102 13 13 464 464 6,595 6,595
81 12. 2,228 19 6 2,253 1,013 1,013 3,241 19 6 3,266 1,400 1,400 117 117 88 88 205 205 4,846 19 6 4,871
12. 82 720 1,697 19 10 3,248 3,987 1,707 1,000,000 1 1,000,001 1,500,000 1 1,500,001 2,000,000 3 56,000 88,000
83 13. 199,495 303,164 800,000 706,849 173 800,173 706,849 (i) (ii)
14. 2 12,960 84 15. 4,221 370,316 14,781 140 4,479 393,937 244 342,183 11,014 278 745 257 354,721 4,221 244 712,499 25,795 418 5,224 257 748,658 27 3,637 254,035 3,164 386 2,034 63,970 327,226 304,877 8,472 331 2,714 82,429 398,823 139,310 7,346 (146,656) (380) (380) 7,858 244 1,410,721 44,777 1,135 9,592 1,474,327 269 12,288 3,463 48 1,569 17,637 76 131 23,363 1,211 67 948 25,796 345 131 35,651 4,674 115 2,517 43,433 242 113 50,424 3,305 330 1,795 56,209 (361) (361) 587 244 86,075 7,979 445 3,951 99,281 7,271 1,324,646 36,798 690 5,641 1,375,046 3,876 113 676,848 21,121 303 2,707 257 705,225
85 15. 2 4% 20% 5% 6.7% 6.7% 10% 20% 10% 20% 16. 2,410 92,800 95,210
17. 109,463 125,502 860,041 551,174 86 969,504 676,676 16,650 8 17,105 43,100 13,131 8,573 2,206 109 300 2,053 1,734 2,931 34,176 57,066 1,020,330 733,742 109,463 125,502 910,867 608,240 1,020,330 733,742 109,463,000 125,502,000 10%16,781,000
87 17. 70% 80% 20% 30% 0 30 178,617 227,560 31 60 74,380 54,303 61 90 64,669 56,583 91 180 109,332 236,719 180 542,506 101,511 969,504 676,676 0 30 5,000 31 60 800 61 90 5,200 91 180 5,650 16,650
17. 88 0 30 1,072 31 60 269 61 90 91 180 756 180 109 109 2,206 109 0 30 69,812 43,195 31 60 61,185 50,732 61 90 20,832 88,132 91 180 36,071 179,835 180 325,254 54,352 513,154 416,246 38
89 18. 3,050 (3,050) 19. 0.01% 3.08%0.01% 0.44% 2.80% 3.20% 16 2,381 569 11,572
20. 145,891 35,714 2,120 15,741 30,589 9,244 16,862 19,998 19,030 90 214,492 80,697 84,000 52,038 47,903 19,379 3,100 3,493 2,467 9,523 3,991 84,433 57,461 382,925 138,158 0 30 158,787 6,611 31 60 13,930 31,049 61 90 9,056 5,634 91 180 4,806 8,294 180 27,913 29,109 214,492 80,697
91 21. 1,050,000 6,682,000 88,000 60,233,000 22. 2717,711,000 1,367,0007.50% 23. 434,000 25,000 33,236 467,236 25,000
23. 92 6.00% 8.53% 6.61% 7.22% 10% 10,006,0006.32% 7.50% 427,000,0007,000,00030 32(ii) 32(ii)
93 24. 0.10 (i) 2,000 200 (ii) 9,998,000 999,800 10,000,000 1,000,000 (i) 1,000 (iii) 99,000 9,900 8,316 (iii) 100 84 (iv) 200,000 20,000 16,800 (v) 500,000 50,000 42,000 800,000 80,000 67,200 (i) 200,0002,000,0000.10 1,000,0000.10 (ii) 9,998,000,0000.10 200,0001,000,000,000 (iii) BVI(a) 99,000,000 0.10 (b) 1,000,000 (iv) 3.19 200,000,0000.10 638,000,000535,920,000 (v) 50,000,000 500,000,0000.10
25. 94 27 23,676 10 (1,820) 21,856 248,027,000 334,904,000 26. 150,000 7,000,000 273,000 1,366,000 189,000
95 27. 51% (i) 55% 51% (i) 9,789 17,711 80,224 107,724 15 327,226 (ii) 28,835 3,000 (7,303) 672 (40,656) 25 (23,676) (57,420) (10,000) (32,078) (57,995) 130,605 80,224 210,829 (iii) (103,306) 107,523 (iv) 201 9,789 7,303 17,092
27. (i) 51% (i) 27,500,000 11% (ii) 84,521,000 40%80,224,000 9,789,00017,711,000 96 56,402,000 9,769,000 12% 14,053,000 (ii) 33,778,00028,835,000 (iii) (iv) (v) 55% 40,000,00042,000,00045,000,000 (vi) 33,103,000 134,318,000 1,008,253,000 233,158,000
97 28. (i) 3,515 268,182 1,169 937 340 2,013 5,024 271,132 (ii) (a) 1,320 1,320 2,640
28. (ii) (b) 98 1,231 633 1,128 122 122 306 2,481 1,061 15,228,000 33% 7,892 1,512 9,404
99 29. 39,000 127,500 400 39,000 127,900 20 30. 758,579 95,210 76,017 929,806 31.
32. (i) 91,000 91,000 7,000,000 100 189,000 1,366,000 6,682,000 60,233,000 (ii) (a) (b) (c) (a) (iii) (a) 230,000,000 (i)(ii)(iii)(iv) (v) 200,000,000 BVI 10,000 (ii) (v)40% 153,000,000 (b)
101 32. (iii) (b) 153,000,000 (i) (ii)40% (iii) 40% (iv)40%(v) 40% (a) (b)(iii) (v) (iv) 21 (v) 12 33. 21 22 23
102 34. (a) 1,113,391 849,986 854,498 166,018 (b) (i) 16 2,381 569 11,573
103 34. (b) (i) 5%5% 5%5% 5% 5% 1 89 21 434 (ii)
34. (b) (ii) 104 50 50 114 419
105 34. (b) % % 34 35 90 98 3
34. (b) % 106 214,492 214,492 214,492 72,000 12,000 84,000 84,000 5,036 5,036 5,036 7,732 7,732 7,732 74,635 74,635 74,635 7.50 1,470 1,470 1,367 7.05 5,043 447,611 452,654 434,000 23,230 23,230 23,230 6.85 10,692 10,692 10,006 414,330 459,611 873,941 854,498 80,697 80,697 80,697 60,321 60,321 60,321 7.08 14,353 14,353 14,000 6.94 5,023 6,433 11,456 11,000 146,041 20,786 166,827 166,018
107 34. (c) 35. (i) (ii) 21 30% 10% 1% 1 (i)(ii) (iii)
108 35. ii 2.192 42,000,000 42,000,000 i 2.192 12,000,000 12,000,000 i 1.920 26,000,000 (14,000,000) 12,000,000 80,000,000 (14,000,000) 66,000,00 42,000,000 2.10 1.92 2.14 (i) (ii) 14,000,000
109 35. 18,729,000 15,171,000 9,156,00011 2.04 2.04 1.85 1.68 1.68 1.88 2.192 2.192 1.920 39.420% 39.420% 39.282% 1.9452 1.9452 1.9781 0.223% 0.223% 0.239% 2.00% 2.00% 2.00% 0.1782 0.1794 0.3497
36. 167,445 167,445 110 415,270 425,623 14 1,017 245 8,442 415,529 435,082 4,960 2,837 2,365 169 7,325 3,006 408,204 432,076 575,649 599,521 67,200 67,200 () 508,449 532,321 575,649 599,521 (21,532) (21,532) 24(iii) 165,238 165,238 24(iv) 519,120 519,120 (45,309) (45,309) 24(v) (42,000) (42,000) (43,196) (43,196) 431,811 165,238 (64,728) 532,321 (20,068) (20,068) 14 (12,960) (12,960) 35 9,156 9,156 418,851 9,156 165,238 (84,796) 508,449
111 37. (BVI) 20,000 100% 100% 10,000 100% 100% 100,000 100% 100% 40,000,000 100% 100% 174,782,386 100% 100% 39,315,800 100% 100% 72,754,776 51% 27
38. (i) 95% (ii) 288,293,000 251,798,00036,495,000 112 5%400,000 85%85% 253,000,000 (i) 10,000,000 (ii) 70,000,000 (iii) 100,000,000 (iv) 6%