( : 363) 2011
2 3 4 7 8 20 29 30 31 32 34 37 39 63 68 1 2011
39 26 (852) 2529 5652 (852) 2529 5067 enquiry@sihl.com.hk 363 363 HK 0363.HK SGHIY www.sihl.com.hk 28 26 (852) 2980 1333 (852) 2861 1465 The Bank of New York Mellon BNY Mellon Shareowner Services P.O. Box 358516, Pittsburgh, PA 15252-8516, USA (1) 201 680 6825 (1) 888 BNY ADRS www.bnymellon.com/shareowner shrrelations@bnymellon.com 2011 2
50 50 3 2011
30.23149.7% 55.2817.1% 50 50 634.9 F G 59% 63.65% G 2,446 2011 4
1.62 5 2011
2011 6
100% 100% 100% 50% 73.08% (5GB SGX) 60.4% 59% 45.02% (563 HKSE) 63.65% (600748 SSE) 100% 100% 10% 10% 100% 93.44% 7 2011
55.28 17.1%30.23 149.7% 18.9% 15.7% 65.4% 4.8617.8% 15.7% 1.6835.8% 8.7%2.721,626 4.8% 1.68 40.4% 4.13 21.2% 1,684 14.5%(ETC) 1.3ETC ETC 2011 8
7,34522.2% 2.171,497 10.9% 9.9% 5.2836.7% 2,14447.9% 0.061,217,789,975 7,2001.10 11.1%741 47.6% 4,650 BOT50% 1.20 3,000 BOT3 651% 1.91 4,489 9 2011
1 20 100% 2 10 100% 3 20 70% BOT 4 5 100% 5 42.5 70% 6 10 100% 7 115.5 45% 8 83.4 55% 9 43 60% 10 15 90% 11 18 50% 12 30 100% 13 19.5 100% 14 2 100% 433.9 2011 10
1 6 100% 2 15 100% 3 40 43% 4 70% 101 5 12.5 100% 6 15 100% 7 3 100% 8 2.25 100% 9 1.25 100% 10 5.5 100% 11 1 100% 101.5 11 2011
1 TOT 10 100% 2 BOT 5 100% 3 TOT 10 100% 4 BOT 10 100% 5 BOT 4 100% 6 BOT 4 100% 7 BOT 2 100% 8 TOT+BOT 4 100% TOT BOT 9 BOT 2 100% 10 BOT 4 100% 11 BOT 3 100% 12 32 68% 13 3.5 100% 14 6 51% 99.5 634.9 2011 12
20.21168.5% 65.4% F G 90% 77% 24.32 11.64F 18.42 G90% F10% D E A B C G 142.92 1,375 45.02% 59%3.95 61.1021.82.8 51.30A 63.65% 2.28 17.36 20 597.26 13 2011
11.48 1.3967.0% 52.1%10.41 52,702 6.80 38,2388,378 11468.80 77,056 5 2.39117,825 8.82 63.5% 7.98 110,000 3,287 5,6705.21 15 1,272 6,500 2011 14
90% 943,000 B C D E F 560,463 1,307,369 8,598 504,513 2007 2015 90% 205,017 268,021 2,343 80,822 2007 2014 55% 180,541 202,425 16,043 113,021 2006 2012 55% 289,812 203,588 2,278 21,335 2009 2014 52% 34,223 129,498 8,976 2009 2013 100% 24,041 191,660 2009 2013 100% 259,182 604,620 2009 2013 100% 49,764 125,485 2010 2012 1,985,580 3,032,666 15 2011
100% 112,700 348,664 1,240 240,060 2007 2013 100% 121,499 523,833 453,279 91% 11,038 106,190 69,841 90% 42,541 250,930 160,470 2007 2013 100% 244,252 752,883 2,215 514,617 2006 2013 100% 57,944 212,126 118,967 2009 2012 71.5% 2,082,486 3,534,736 23,726 1,485,824 2008 2014 100% 120,014 785,225 5,557 255,907 2008 2014 100% 228,107 625,670 9,258 200,139 2011 2014 67% 667,749 895,705 30,765 195,471 2007 2014 80% 22,651 239,651 2012 2014 3,710,981 8,275,613 5,696,561 11,308,279 2011 16
60% 132,000 6 35,343 629,000 212,058 20122018 40% 87,327 421,300 35% 117,825 605,000 20112018 337,152 1,655,300 100% 333,333 666,600 20122014 40% 1,115,476 2,263,000 20122014 25% 87,327 421,300 100% 2,215,516 1,090,000 3,751,652 4,440,900 D E F 100% 511,877 255,939 100% 434,855 217,428 10% 350,533 175,267 1,297,265 648,634 5,386,069 6,744,834 40% 25% 17 2011
100% 45,420 100% 14,235 100% 17,401 77,056 100% 36,863 100% 16,349 100% 158,584 91% 1,048 212,844 289,900 2011 18
5.8544.5% 18.9% 9.5% 12.263.59 16.3% 11.4% 12.1010.1% 2.45186.8% 78.13% 5.64 1.62 19 2011
% 5,527,959 6,664,369-17.1 3,022,668 4,437,230-31.9 2.80 4.11-31.9 50 50 17.9% 12.2% (a) 15.1 13.3 % 96,998,157 87,830,776 10.4 32,560,366 29,759,998 9.4 30.15 27.56 9.4 (b) 52.66% 29.39% (c) 39.99% 36.71% 1,079,785,000 1,079,785,000 (a) (b) (c) + + 5 2011 20
1 30 2,267 14 1,456 31.9% 18 1,221 149.7% 5500 5000 4500 4000 3500 3000 2500 2000 1500 1000 500 0 2007 2008 2009 2010 2011 2 % 485,940 412,615 17.8 2,020,983 752,813 168.5 584,581 404,468 44.5 3,226,774-100.0 21 2011
2011 2010 18.9% 15.7% 25.8% 26.3% 65.4% 47.9% 4 8,59415.7% 17.8% 3,772 20 2,09865.4%12 6,817F90%11 2,533 77%7 1,699 5 8,45818.9%1 8,011 44.5% 9.54% 6.16%16.29% 1.5 31 9,849 2,828 2011 22
3 % 1,092,022 762,191 43.3 2,156,669 3,614,801-40.3 2,279,268 2,287,377-0.4 5,527,959 6,664,369-17.1 2011 2010 19.8% 11.5% 34.3% 41.2% 39.0% 54.2% 55 2,796 17.1% 6 D18,166 B1,290E4,657 271,9462,203 23 2011
3,056 11 4 (1) 40.4% 35.8% 4.6 (2) 6,500 (3) 4 8,954 (4) 7,600 (5) F90% 12 6,159 77% 78.13%9 8,645 2011 24
(6) 3,772 45.02%,3 6,106 5 50 50 120 100 80 60 40 20 0 2007 2008 2009 2010 2011 1 1,079,785,000 325 6,037 35 30 25 20 15 10 5 0 2007 2008 2009 2010 6/2011 25 2011
2 (1) SIHL Finance Limited52 10 297 8,284 240 697 76.9% 70.0% (2) (a) 5,640,651,0002,614,606,000 (b) 62,611,00066,130,000 (c) 130,610,000128,199,000 (d) 25,512,000 (e) 3,746,401,0005,122,497,000 (f) 24,097,00038,536,000 (g) 10,644,314,00010,594,414,000 (h) 546,859,000175,560,000 (i) 385,718,000108,862,000 2011 26
(3) 5 10031 8,200 5 5,00032 6,400 3 55 6,205 182 2,695 4 126 3,535 152 6,156 7 1,384 1 4,4716% 71% 23%6% 64% 30% 1. 27 2011
2 3 4 2011 28
34 34 2410 34 29 2011
3 5,527,959 6,664,369 (3,295,005) (4,276,746) 2,232,954 2,387,623 174,880 286,135 820,895 130,724 (375,112) (402,792) (740,182) (384,645) (322,108) (193,557) 30,567 109,903 20,551 12,309 19 37,718 361,060 20 1,261,588 4 949,791 (284,224) 4,091,542 2,022,536 5 (935,082) (596,244) 3,156,460 1,426,292 3,269,339 6 3,156,460 4,695,631 3,022,668 4,437,230 133,792 258,401 3,156,460 4,695,631 8 2.80 4.11 2.80 2.80 1.12 2.80 2011 30
3,156,460 4,695,631 736,124 2,668 23,024 10,917 (24,872) (98,458) 194,524 2,458 580 8,254 (177,736) (344,654) 578,169 (245,340) 3,734,629 4,450,291 3,355,488 4,191,890 379,141 258,401 3,734,629 4,450,291 31 2011
9 5,909,271 5,221,079 9 2,557,161 2,680,953 106,739 386,496 14,330,087 14,289,125 10 1,143,521 560,922 11 1,682,281 1,204,498 11 1,881,602 584,891 12 608,960 3,192,154 1,508,751 897,284 20 563,236 70,612 55,092 24(iii) 6,157,669 79,968 76,476 250,957 144,700 36,850,815 29,293,670 13 40,245,552 36,655,225 14 3,242,376 3,564,038 15,552 13,737 12 3,502,188 144,710 146,410 224,821 345,601 482,210 385,718 108,862 2,386,764 3,060,563 9,862,869 12,092,133 60,133,030 56,346,299 21 14,312 2,190,807 60,147,342 58,537,106 2011 32
15 7,673,778 7,388,742 16 9,615,020 9,831,780 2,607 17 7,854 16,600 2,895,238 2,296,945 18 7,770,011 9,516,906 27,961,901 29,053,580 21 3,199 1,033,800 27,965,100 30,087,380 32,182,242 28,449,726 69,033,057 57,743,396 107,979 107,979 32,452,387 29,652,019 32,560,366 29,759,998 12,130,449 11,622,046 44,690,815 41,382,044 79,921 74,579 17 3,061,066 3,071,744 18 17,536,327 9,597,238 3,664,928 3,617,791 24,342,242 16,361,352 69,033,057 57,743,396 33 2011
i ii iii iv 107,977 13,344,886 4,091 1,071 13,668 2,944 (1,536,780) (15,013) (36,528) 1,802,704 477,084 10,735,146 24,901,250 9,196,106 9,196,106 34,097,356 4,437,230 4,437,230 258,401 258,401 4,695,631 2,668 2,668 2,668 (98,458) (98,458) (98,458) 194,524 194,524 194,524 580 580 580 (80,212) (264,442) (344,654) (344,654) 580 15,854 (261,774) 4,437,230 4,191,890 258,401 258,401 4,450,291 48,447 (48,447) 60,649 60,649 60,649 (100,512) (100,512) (100,512) (156,988) (156,988) (156,988) 2,580 227,080 4,388,075 4,617,735 4,617,735 262 262 (26,178) (26,178) (25,916) (4,091) 14,255 (157,302) 156,616 9,478 (2,995,913) (2,995,913) (2,986,435) 7 (647,859) (647,859) (647,859) 107,977 13,344,886 1,071 13,668 3,206 (1,679,513) (14,433) (20,674) 1,540,930 368,229 14,632,686 28,298,033 2,580 227,080 10,780,628 11,010,288 39,308,321 2011 34
i ii iii iv 107,979 13,345,715 44,341 1,071 13,668 3,206 (1,679,513) (10,712) 89,957 2,439,348 373,671 15,031,267 29,759,998 20 63,743 11,558,283 11,622,046 41,382,044 3,022,668 3,022,668 133,792 133,792 3,156,460 490,775 490,775 245,349 245,349 736,124 23,024 23,024 23,024 10,917 10,917 10,917 (24,872) (24,872) (24,872) 2,458 2,458 2,458 8,254 8,254 8,254 20 (112,606) (112,606) (112,606) 21 (65,130) (65,130) (65,130) 10,712 (24,872) 346,980 3,022,668 3,355,488 379,141 379,141 3,734,629 34,282 34,282 12,852 12,852 47,134 45,949 (45,949) 339,790 339,790 339,790 (332,985) (332,985) (332,985) 19 15,323 503,860 519,183 519,183 (9,384) (9,384) (9,384) 3,634 359 3,993 (182,253) (182,253) (178,260) 1,988 1,988 1,988 20 38,167 38,167 (76,931) (76,931) (38,764) 21 2,100 2,100 (150,385) (150,385) (148,285) 9 9 (20) 11 (9) 7 (626,275) (626,275) (626,275) 107,979 13,345,715 78,623 1,071 53,935 (556) (1,679,513) 65,085 2,786,687 419,620 17,381,720 32,560,366 91,918 12,038,531 12,130,449 44,690,815 35 2011
(i) (ii) 20% 326,777,000 393,423,000 30% 50% 9,384,000 (iii) (iv) 2011 36
(3,129,844) (2,462,686) (6,157,669) (1,186,935) (393,423) 14 (361,185) (311,545) (245,935) 19 696,802 18,775 20 589,041 21 533,040 3,243,062 20 474,778 464,560 (190,463) 14 436,424 620,173 424,628 411,344 113,637 5,462 (1,595,350) 1,075,995 (33,818) (3,596,390) 2,227,788 7,789,786 6,447,328 339,790 60,649 (2,071,489) (1,756,610) (626,275) (647,859) (340,686) (222,862) (332,985) (100,512) 15 (304,931) 64,931 (3,343) (25,916) (2,604) 4,447,263 3,819,149 37 2011
(2,278,971) 3,584,251 12,144,179 11,412,868 9,865,208 14,997,119 9,862,869 14,997,119 2,339 9,865,208 14,997,119 2011 38
1. 34 2. 24 32 14 19 24 24 24 (a) 24 24 24 24 24 (a) (b) 24(a) (b) 39 2011
2. 24 (b) 24 24 24 24 10 1 11 1 12 1 13 1 1 2 19 1 27 1 28 1 1 2 10 27 10 10(a) (b) (c) 10 10 2011 40
2. 1131 11 11 11 31 11 31 11 11 3. 41 2011
3. 1,092,022 2,156,669 2,279,268 5,527,959 617,315 926,482 553,104 2,096,901 16,534 (322,108) 30,567 20,551 37,718 1,261,588 949,791 4,091,542 2011 42
3. 762,191 3,614,801 2,287,377 6,664,369 443,899 1,066,607 539,323 2,049,829 (32,784) (193,557) 109,903 12,309 361,060 (284,224) 2,022,536 43 2011
3. 20,132,504 17,448,501 59,313,878 52,844,178 4,708,671 4,050,364 84,155,053 74,343,043 12,843,104 13,487,733 96,998,157 87,830,776 4. 765 20 183212 2011 44
5. 77,798 66,005 188,417 276,910 60,217,000 30,063,000 783,998 252,853 1,050,213 595,768 9 1,881 16,529 16,538 1,881 (131,669) (1,405) 935,082 596,244 16.5% 25% 15% 18% 20% 22% 24% 25% 12% 12.5% 25% 30% 60% 45 2011
6. 251,963 211,590 15,431 833 594 167,037 131,671 7,776 6,966 (489,536) (1,110) (3,752) 203 (8,230) (86,148) (71,493) (53,949) (209,160) (168,959) 5,881 102,412 15,883 2,747 1,259 259 2011 46
7. 58 60 626,275 647,859 50 50 8. 3,022,668 4,437,230 1,079,785,000 1,079,765,000 1,079,785,000 47 2011
8. i) ii) iii) iv) 19 3,022,668 4,437,230 (28,285) (3,198,489) 3,022,668 1,210,456 2011 48
8. 3,226,774,000 2.99 9. 220 62129 39 19 41 490 10. 19 585,259,000 11. 326,777,000393,423,000 20%50% (ii) 19 35% 998 1,187 49 2011
12. 2,487,359,000 13. 22,083,960,00024,917,029,000 14. 30 191,210 365,394 31-60 141,007 163,755 61-90 72,062 65,603 91-180 37,877 30,649 181-365 38,248 14,006 365 40,947 9,214 521,351 648,621 (i) 320,285,000 20(ii) 124,284,000 114,579,000(iii) 361,185,000 8% (iv) 2011 50
14. 436,424,000 8% 15. 30 609,399 586,698 31-60 137,337 50,883 61-90 65,726 14,773 91-180 50,588 20,155 181-365 20,087 11,878 365 219,353 232,495 1,102,490 916,882 (i) 335,908,000 640,839,000, (ii) 1,362,940,0001,776,535,000 6.4%5.31% (iii) 16. 1,996,524,0003,540,370,000 51 2011
17. 4,000400,000,0003,120,000,000 264,000,000 9.75% 7,854,00016,600,000 8,746,000 66,000,000 66,000,000 443,520,000 443,520,00066,000,000 66,000,000 8.87% 18. 7,7906,447 19 7082,534 2,0711,757 1,204 1,180 2011 52
19. 36.6% (i)411 (ii) 36.6%52.86% 41,469 11,172 585,259 47,214 441,881 61,838 1,716 970 9,339 300,005 696,802 13,693 (430,439) (6,376) (708,395) (3,203) (18,013) 1,044,932 11.546.510 13% 53 2011
19. 47.14% 519,183,000 411,030 77,001 488,031 519,183 (1,044,932) (37,718) 37,718,000 696,802 14,515,000 73,821,000 5,587 3,145 2011 54
19. 361,060,000 45.02% 20. (a) (b) (c) 1,226 (BVI)90% 90%110,072,000 665 1,261,588,000 10% 1,164 Good Cheer Enterprises LimitedGood Cheer88.5% Good Cheer88.5%397,007,000 342 803,683,000 Good Cheer 11.5%Good Cheer 311 100% 38,512,000 21 55 2011
20. Good Cheer 3,559 112,439 349,078 465,076 (4,305) (70,134) (74,439) (746) 42,305 349,078 390,637 (76,931) (76,931) (746) (34,626) 349,078 313,706 1,261,588 1,261,588 803,683 (38,512) 765,171 1,260,842 769,057 310,566 2,340,465 561,347 425,236 310,566 1,297,149 563,236 563,236 320,285 320,285 136,259 99,697 235,956 (76,161) (76,161) 1,260,842 769,057 310,566 2,340,465 561,347 425,236 310,566 1,297,149 (86,569) (117,662) (29,099) (233,330) 474,778 307,574 281,467 1,063,819 Good Cheer 6.65% 2011 56
21. 78.13% 564671 466 1,402,770 36,696 6,779 13,723 185,150 493,643 52,046 2,190,807 324,240 1,846 707,714 1,033,800 57 2011
21. 687,780 13,723 (63,030) 638,473 (150,385) 488,088 182,769 670,857 670,857 (137,817) 533,040 22. 5,216,198 9,158,607 239,317 7,501,855 91,017 139,587 15,516 131,860 1,176,575 118,466 5,562,048 18,226,950 2011 58
23. 501 3,182 550 3,264 24. (i) 4,320 4,320 14,040 13,918 300,987 25,504 393,423 11,813 3,560 59 2011
24. (ii) 647 647 8,755 6,941 4,679 4,500 18,399 218 280 32,698 12,368 (iii) 5,130,371,000 689,566,049 A 63.65% A 2011 60
24. (iii) 14A 6,157,669,000 61 2011
25. (a) 2,0002,408Better Score LimitedBetter Score100% Better Score Better Score (b) 24(iii) 2011 62
352 XV (I) 1,200,000 1,200,000 0.11% 722,000 1,000,000 1,722,000 0.16% 586,000 750,000 1,336,000 0.12% 333,000 850,000 1,183,000 0.11% 679,000 750,000 1,429,000 0.13% 195,000 750,000 945,000 0.09% 750,000 750,000 0.07% 966,560 120,000 1,086,560 0.10% 120,000 120,000 0.01% 120,000 120,000 0.01% (II) 9,000,000 0.34% 7,000,000 0.27% 7,000,000 0.27% A 37,674 0.002% H 3,300,000 0.45% 63 2011
XV (I) 36.60 1,200,000 1,200,000 36.60 1,000,000 1,000,000 36.60 750,000 750,000 36.60 850,000 850,000 36.60 750,000 750,000 36.60 750,000 750,000 36.60 750,000 750,000 36.60 120,000 120,000 36.60 120,000 120,000 36.60 120,000 120,000 6,410,000 6,410,000 36.60 13,220,000 (530,000) 12,690,000 36.60 6,250,000 6,250,000 25,880,000 (530,000) 25,350,000 40% 70% 2011 64
(II) 2.98 9,000,000 9,000,000 2.98 7,000,000 7,000,000 2.98 7,000,000 7,000,000 23,000,000 23,000,000 2.98 33,000,000 33,000,000 2.98 55,500,000 20,500,000 35,000,000 111,500,000 20,500,000 91,000,000 40% 70% 65 2011
336 593,241,748 54.94% 1 2 1. SIIC Capital (B.V.I.) Limited SIIC Treasury (B.V.I.) Limited 466,644,37180,000,00028,585,37713,685,0001,300,0001,261,000706,000 650,000300,00010,000 2. 100,000 3. 336 2011 66
13.51B(1) 7,540 5,963 67 2011
2011 68 5GB 571 601607 600748 563 SGX HKSE