: 00817
2 4 6 7 8 12 14 88 91 95 104 121 145 147 148 149 151 153 155 248
008172015 500 105 2007 8 17 5 + + 2
3 +40 2015 2014 30,101.5 21,503.1 +7 2015 2014 1,491.1 1,398.5 +6 2015 2014 2,257.5 2,126.7 % % % 55 3,667 1,188 2,063 () ( ) ( )
2015 1 2015 5 2015 6 GIC 2015 8 2015 9 4
2015 10 2015 11 2015 12 2016 5 5
6 1 47 4702-4703 818 2810 1 22 00817 183 17 1712-1716 852-28299518 852-28240300 franshion@sinochem.com www.chinajinmao.cn
2015 2014 (%) 22,110.3 29,548.2-25 8,549.2 11,558.8-26 2,874.2 3,610.3-20 915.0 1,685.8-46 3,789.2 5,296.1-28 158,899.7 138,025.8 15 40,042.8 37,650.4 6 38.13 57.86-34 28.92 39.44-27 8.0 11.5-30 (%) 51 56 + 7
董事會 致辭 本集團仍將堅持做受人尊敬的品質地產引領 者 充分發揮在一二級聯動 綜合體開發 持有物業運營等方面的經驗優勢 逐步確立 城市運營商的總體定位 聚焦規劃引導 產 業培育 住宅開發 配套建設等綜合能力 致力於打造城市新核心 本集團將在 雙輪 驅動 戰略基礎上 進一步夯實開發持有兩 大 核 心 業 務 積 極 推 進 地 產 服 務 與 金 融 創 新 切實推動 雙輪兩翼 戰略升級 努力 打 造 成 為 規 模 適 度 效 益 優 良 品 質 領 先 服務突出 的行業標桿 李從瑞 執行董事兼首席執行官 代行主席職責
9 2015 12 31 3,789.2 28% 38.13 2,874.2 20% 8.0 2014 2015 2015 13 40 6002015 300 40% 39% 55.7 2015
10 2015 J LIFE 95% 2015 2015 2015 BAT + 2015 22 2015 36
11 BREEAM 2016 2016-2025 2016 3 22
2015 5 2015 TOP10 2015 TOP10 2015 6 2015 2015 8 2015 2015 TOP10 2015 22015 32015TOP10 2015 12 2015 2015 12 2015 2015 2015 2 2015 7 11# 2015 2015 8 2015 2015 1058 2015 2015 10 2015 112015 2015 11 2015 2015 12 2015 12 2015 4 2015 9 2015 2015 6 2015MICE 2015 10 12
2015 1 2014 2015 6 2015 6 2015 2015 6 2015 1 2015 4 Booking.com 2014 2015 6 2015 9 2015 82015 JW 2015 4JW 2015 6 4 2015 4 2015 2015 4 2014 2015 8 2015 8 2015 AAA 2015 9 2015 2015 9 2015 2015 9 2015 2015 12J LIFE2015 2016 12016 13
14 14 2015 2015 301 55.7 2016 2015 2014 2015 9 2015 9 + + 2015 22 2016-2025
15
552,950 574,993 3,667 32,509,964 33,637,907 3,667 1 1.6% 1.7% 552,950 574,993 32,509,964 96.7% 2 2% 63% 23% 12% 408,172 7,509,466 3,964,950 20,627,376 16
3 25% 7% 39% 20% 9% 110,760 49,066 216,462 139,806 36,856 4 11% 6.5% 6.5% 11% 9% 15% 15% 14% 12% 555 501 450 550 329 JW 411 234 235 402 17
1. 21,659 194,530 100% 2006 42,117 110,760 5,833 49,066 100% 1995 49,066 23,611 292,475 66.53% 1999 216,462 76,013 19,852 225,846 2 2011 6,854 139,806 32,514 46,353 132,856 80% 2016 107,595 14,963 9 20,761 21,893 100% 2014 21,893 916,666 156,566 552,950 108,527 18
2. 9,858 44,435 66.53% 1995 329 1 76,013 66.53% 1999 555 108,610 75,208 66.53% 2006 501 153,375 83,772 66.53% 2008 450 8,642 77,945 66.53% 2008 550 JW 4,471 51,730 66.53% 2009 411 2 32,514 2 2011 234 3 48,992 66.53% 2014 235 6 131,738 84,384 66.53% 2014 402 574,993 3,667 19
3. A. B 85,089 302,080 50% 2011 11# 6,165 50% 2011 6,165 43,499 137,225 100% 2008 4,143 155,918 368,342 100% 2014 75,516 220,000 173,899 100% 2014 76,568 3 156,767 525,940 51% 2015 196,809 1,513,651 359,201 1. 20
B. 92,768 395,831* 51% 2016 166,524 134,858 414,782* 100% 2016 377,113 159,300 558,922* 25.5% 2019 558,922 50% 5 131,202 513,189* 100% 2017 298,790 61,295 8 277,586 480,626* 100% 2024 480,626 95,594 530,933* 50% 2016 352,577 23,428 7 40,577 426,060* 50% 2017 223,102 202,958 96,429 289,200* 36% 2017 289,200 86,018 342,422* 80% 2018 261,261 61,160 242,300* 85% 2016 242,300 62,458 225,160* 51% 2017 225,160 101,096 500,644* 100% 2016 232,798 47,036 300,000* 100% 2016 300,000 217,221 825,666* 45.465% 2021 825,666 243,400 778,652* 90% 2019 750,652 28,000 152,995 954,770* 100% 2016 799,471 106,707 48,592 154,607 485,577* 70% 2016 348,487 54,027 18,887* 100% 2017 18,887 363,938 207,902* 100% 2017 179,355 8,491,523 6,930,891 394,388 76,592 21
C. 3,230,000 3,798,000* 80% 2020 3,578,645 2,808,428 9,402,328* 80% 2017 2,623,024 4,535,600 12,680,000* 70% 2020 12,680,000 4 A 276,322 828,966* 80% 2017 828,966 1,000,005 916,741* 51% 2018 916,741 27,626,035 20,627,376 D. 84,985 220,404* 49% 2020 220,404 A 29,500 177,662* 49% 2018 177,662 B 14,788 78,653* 51% 2018 78,653 125,926 407,313* 100% 2020 407,313 141,597 354,644* 100% 2021 354,644 18,068 227,300* 2 2019 83,100 120,700 23,500 34,923 118,880* 40% 2018 118,880 72,219 248,371* 100% 2020 248,371 93,646 315,850* 100% 2019 315,850 51,214 173,609* 100% 2018 173,609 F13 18,543 191,264* 100% 2019 191,264 F 119,862 498,605* 100% 2019 498,605 47,367 314,321* 50% 2019 314,321 205,684 638,074* 100% 2021 638,074 3,964,950 3,820,750 120,700 23,500 1. 22
2015 84,985 220,404* 49% 2020 220,404 A 29,500 177,662* 49% 2018 177,662 B 14,788 78,653* 51% 2018 78,653 125,926 407,313* 100% 2020 407,313 277,586 480,626* 100% 2024 480,626 141,597 354,644* 100% 2021 354,644 3,230,000 3,798,000* 80% 2020 3,578,645 34,923 118,880* 40% 2018 118,880 72,219 248,371* 100% 2020 248,371 93,646 315,850* 100% 2019 315,850 51,214 173,609* 100% 2018 173,609 F 119,862 498,605* 100% 2019 498,605 205,684 638,074* 100% 2021 638,074 7,510,691 7,291,336 * 1 2 51% 95.78% 3 66.53% 4 70% 70% 5 X87 X91 X87259,234 25.5%X91299,688 50% 6 66.53% 7 8 9 122,55814,963 107,595 23
城 市 開 發
彰 顯 城 市 文 明 之 光
城 市 開 發
城 市 開 發 我 們 始 終 秉 承 前 瞻 的 眼 光 與 思 維, 精 耕 每 一 區 域 的 潛 能 ; 以 創 新 的 規 劃 與 設 計, 傾 注 於 腳 下 的 每 一 塊 土 地 我 們 始 終 致 力 於 以 建 築 彰 顯 現 代 都 市 的 文 明 空 間, 不 斷 實 現 未 來 人 居 和 城 市 夢 想
3000 11,452940 A 414.9 83 16,545 1,268 5A 26
11 (USGBC) LEED-CS (BRE) BREEAM 27
3.92 380 28
2500 400 2.0 8 480,626 2015 20164 354,644 29
217,221 825,666 6 28 0-18 30
855.96 2016 2015 31
物 業 開 發
誠 築 未 來 發 展 之 基
物 業 開 發
物 業 開 發 對 藝 術 人 居 與 生 活 理 念 的 不 懈 追 求, 讓 我 們 着 眼 未 來 中 國 城 市 與 質 量 建 築 的 有 機 成 長 與 生 生 不 息, 不 斷 思 考 美 好 當 下 與 無 限 未 來 之 間 的 關 係, 在 項 目 開 發 商 業 生 活 區 域 活 力 城 市 繁 榮 的 各 個 層 面 付 諸 行 動
Jin Mao Palace Series 2.5 68 15013 12 55.7 2015 34
35
Jin Mao Residence Series 36
37
Jin Mao Noble Manor Series 38
Jin Mao Mountain Series 24 39
Jin Mao Lake Series 40
Jin Mao Harbour Series CBD 3 7 LOFT CEO 41
42
43
商 務 租 賃
探 尋 建 築 芳 華 之 源
商 務 租 賃
商 務 租 賃 我 們 不 僅 創 造 了 引 領 前 瞻 的 標 桿 物 業, 更 為 我 們 帶 來 通 向 未 來 的 驅 動 能 力, 它 指 引 我 們 以 卓 越 運 營 為 使 命, 創 造 可 以 持 續 發 展 和 不 斷 增 值 的 高 質 量 物 業
2015 99.3% 100.0% 97.6% 99.9% 97.6% 2014 98.9% 96.8% 97.9% 100% 100% 92,994 50% 2017 201 72,200 ** 2019 107,595 80% 2016 272,789 * ** 51% 95.78% 46
LEED-EB 3% 34% 63% 47
50 12% 14% 24% 50% 48
420.5 88 5% 7% 19% 16% 53% 49
零 售 商 業 運 營
匯 聚 都 市 生 活 之 美
零 售 商 業 運 營
零 售 商 業 租 賃 我 們 秉 持 因 地 制 宜 謀 新 求 變 的 理 念, 加 大 高 端 零 售 商 業 項 目 的 開 發 與 建 設 ; 並 以 前 瞻 的 設 計 與 全 方 位 的 購 物 生 活 體 驗 重 新 定 義 商 業 標 桿
61,295 100% 2016 109,964 50% 2017 48,500 ** 2019 201 *** 106,707 100% 2016 81 23,428 50% 2016 349,894 * ** 51% 95.78% *** 52
2015 2016 53
J LIFE 2014 54
J LIFE 2008 55
2016 56
J LIFE 2005 57
酒 店 經 營
引 領 高 尚 氣 派 之 始
酒 店 經 營
酒 店 經 營 我 們 相 信 堅 持 的 力 量, 堅 持 人 本 的 待 客 之 道 堅 持 長 久 的 服 務 承 諾, 堅 持 極 致 的 硬 件 標 準, 始 終 如 一 的 堅 持 讓 客 戶 的 期 許 和 認 可 轉 化 為 我 們 不 斷 向 上 的 汲 汲 之 力
2014 2015 JW 1,515 1,433 2,453 1,179 1,028 790 982 751 867 69.8% 68.7% 72.3% 79.9% 78.8% 62.9% 47.9% 65.5% 37.9% 1,057 984 1,772 943 811 497 470 492 329 2014 JW 1,572 1,529 2,661 1,215 1,060 861 892 668 875 63.7% 70.7% 70.0% 77.9% 77.0% 66.8% 42.4% 34.7% 15.8% 1,001 1,081 1,864 946 817 576 378 232 139 23,500 ** 2019 200 48,592 100% 2016 350 28,000 90% 2019 270 100,092 820 * ** 51% 95.78% 60
5387 1999APEC 61
2014 62
2006 63
2008 64
25 2008 65
2014 CBD 66
JW 2009 67
23 352011234 68
J LIFE 2014 2015 9 69
金 融 與 服 務
共 沐 牽 手 偕 行 之 悅
金 融 與 服 務
資 本 運 作, 金 融 創 新 助 力 業 務 擴 張 在 未 來, 本 公 司 將 在 現 有 中 國 金 茂 及 金 茂 控 股 雙 上 市 平 台 基 礎 上, 加 大 住 宅 寫 字 樓 商 業 酒 店 物 業 裝 飾 等 各 板 塊 資 本 運 作 力 度, 搭 建 獨 立 的 地 產 基 金 平 台, 豐 富 投 融 資 渠 道, 支 持 核 心 業 務 擴 張 的 同 時 成 為 新 的 盈 利 來 源 同 時, 還 將 積 極 探 索 社 區 消 費 金 融 等 多 種 形 式 的 金 融 創 新, 助 力 項 目 銷 售 此 外, 還 將 積 極 探 索 金 融 股 權 投 資 以 及 與 房 地 產 相 關 聯 的 上 下 游 產 業 投 資, 在 與 公 司 核 心 業 務 發 展 形 成 良 性 互 動 的 同 時 也 將 貢 獻 良 好 的 投 資 收 益 客 戶 導 向, 服 務 創 新 塑 造 發 展 特 色 中 國 金 茂 將 堅 持 客 戶 導 向, 推 動 商 業 及 酒 店 管 理 輸 出, 擴 展 基 金 與 物 業 管 理 服 務, 深 挖 服 務 業 務 潛 力, 同 時 打 破 業 態 壁 壘, 創 新 客 戶 服 務 視 角, 推 動 資 源 整 合, 搭 建 滿 足 客 戶 全 生 活 週 期 全 工 作 週 期 全 生 命 週 期 的 會 員 體 系 與 服 務 平 台, 完 成 從 提 供 產 品 向 提 供 產 品 及 服 務 轉 變, 逐 漸 形 成 配 套 多 維 體 驗 超 值 便 捷 無 憂 的 服 務 地 產 特 色 形 象
綠 色 戰 略
同 啟 綠 色 中 國 之 夢
綠 色 戰 略
綠 色 戰 略 我 們 是 負 責 任 的 企 業 公 民, 實 施 綠 色 發 展 戰 略, 致 力 於 成 為 綠 色 發 展 的 行 業 性 標 桿 和 應 用 型 典 範 我 們 整 合 領 先 的 優 質 資 源, 將 最 好 的 理 念 帶 入 更 多 的 中 國 城 市 我 們 願 與 社 會 各 方 共 同 打 造 責 任 地 產 綠 色 地 產 和 品 質 地 產 的 企 業 形 象, 成 為 受 人 尊 敬 的 品 質 地 產 引 領 者!
管理層 討論與分析 綠色 戰略 中國金茂綠色戰略 概述 概 2015年 本集團繼續發揮綠色戰略作為公司創新發展和差異化競爭重要軟實力的作用 在中 20 國 國房地產報發佈的 2015年中國綠色地產發展報告 中名列地產運營十強首位和綠色地產開發 十強第四位 本年度集團新增綠色建築標識項目36項 其中上海大寧金茂府西區成為全國首 十 個同時獲得中國綠標三星與英國BREEAM雙認證的綠色科技住宅 獲得了市場與行業的高度 認可 中國金茂堅持 綠金城市運營商 定位 下屬青島中歐國際城項目攜手中國城市科學研 究會生態城市研究中心獲得住建部中歐國際低碳城市合作示範項目 南京青龍山國際生態城 打造以 雲社區 綠生活 為核心理念的 涵蓋30項綠色指標生態規劃獲得聯合國環境規劃署 頒發的金球獎並受邀赴美國聯合國領獎 另一方面 中國金茂發起籌建北京金茂綠建科技有 限公司 整合集團內綠色輕重資產和行業各類綠色資源 積極探索綠色技術與金融的創新機 制 為集團在新時代形勢下的轉型與創新邁出重要的一步 74 中國金茂控股集團有限公司
管理層 綠色 討論與分析 戰略 重要活動與榮譽 重 11 中國金茂參展第十一屆中國綠色建築大會並榮膺 全國綠色建築先鋒獎 一年一度的建築行業盛會 第十一屆中國綠色建築與建築節能大會暨新技術與產品博覽會於 一 2015年3月24日在北京舉行 會議為期兩天 中國金茂作為綠色地產的領軍企業 連續五年受 20 0 邀參加大會 首席執行官李從瑞先生出席大會開幕式並致辭 2015年3月25日中國金茂承辦了 大會 大數據時代下的綠色建築新發展 分論壇 備受各界關注 在此次綠色建築大會上 首批 全國綠色建築先鋒獎 正式揭曉 中國金茂成為榮獲該獎項 的四家房地產企業之一 全國綠色建築先鋒獎 由中國城市科學研究會綠色建築與節能專業 委員會設立 旨在更好地樹立發展綠色建築的典范 推動全國的綠色建築可持續發展 作為 中國城市科學獎 的組成部份 該獎項僅授予對發展綠色建築有突出貢獻的企業 首席執行官李從瑞先生出席開幕式並致辭 2 南京青龍山國際生態新城項目獲 全球人居環境規劃設計獎 2015年10月29日 聯合國環境規劃署發起的 可持續城市和人居環境獎 十週年盛典在紐約 聯合國總部召開 中國金茂南京青龍山國際生態新城獲得 全球人居環境規劃設計獎 該獎 項為全球範圍內綠色可持續領域影響力最大的城市發展綜合性獎項 該獎項的獲取充分體現 了中國金茂作為城市運營商對中國城市發展做出的重要貢獻 二零一五年年報 75
2015 11 2426 2015 2015 2015 2015 201522015 3 20151 76
管理層 綠色 討論與分析 戰略 優秀案例展示 優 1 南京青龍山國際生態新城 1 本項目位於南京東山副城核心區 緊鄰青龍山 大連山山脈 總佔地面積3.92平方公里 本 目前已完成控制性詳細規劃的編 目 製 並 評 審 通 過 在 此 基 礎 上 又 進行了城市設計的優化 形成 一 心 兩 軸 四 廊 多 組 團 的 總 體空間結構 以構建國家綠色生 態城區為目標 編撰綠色生態指 標體系與綠色生態專項規劃 涵 蓋 經 濟 社 會 建 築 交 通 能 源 水 資 源 固 廢 人 文 等 幾 大 方 面 以 雲 社 區 為 理 念 將 智慧信息技術貫穿到各個專項當 中 對 碳 排 放 能 源 徑 流 系 數 等幾個方面進行數據統計 最終構建大數據庫 方便開發商對地塊進行實時監控和調整 智慧 社區 科技型 生態新城 互聯網+ 綠色 建築 海綿 城市 青龍山國際 生態新城 國際型 生態新城 BREEAM 資源 利用 歷史 文化 文化型 生態新城 人文 風情 二零一五年年報 77
BREEAM BREEAM (Mr. Jaya Skandamoorthy) BREEAM 78
管理層 綠色 討論與分析 戰略 綠色發展願景 2015年對於中國金茂既是戰略全面升級發展的重要一年 也是積極進行業務創新與轉型探索 的一年 公司的綠色戰略 在國家十三五 創新 協調 綠色 開放 共享 大的發展理念和 政策環境下 也積極走出了創新的道路 2015年公司成立 綠建公司 籌建工作組 通過多次 調研 考察 交流與公司內外討論 形成 中國金茂綠建公司發展報告 以成為中國建築節 能領域領先的一體化服務商為願景 以實現五年IPO上市為目標 以整合綠色科技住宅 區域 能源中心 城市更新老舊小區綠色化改造為核心業務 並通過發起建立行業綠色建築投資基 金等金融創新為支撐 讓綠色戰略成為中國金茂中長期業務又一戰略支撐點 二零一五年年報 79
2015 12 313,789.25,296.1 28% 2,874.23,610.3 20% 2015 12 31 22,110.329,548.2 25% 12 31 2015 2014 (%) (%) (%) 17,896.6 81 25,545.2 86 (30) 1,491.1 7 1,398.5 5 7 2,257.5 10 2,126.7 7 6 465.1 2 477.8 2 (3) 22,110.3 100 29,548.2 100 (25) 2015 17,896.6 81% 30%7% 7%10% 6% 2014 88 2%3% 80
2015 12 31 13,561.1201417,989.4 201539% 12 31 2015 2014 (%) (%) 39 39 34 36 90 90 46 48 16 19 2015 12 312,724.9 2,855.0 5% 1,238.32,286.5 46% 2015 12 31 979.6914.6 7% 4% 20143% 81
2015 12 311,537.71,678.7 8% 2015 7% 20146% 2015 12 31 2,757.22,572.0 7% 2015 12 31 2,189.41,350.1 62% 2015 12 31 567.9 1,221.9 54% 2015 12 31 2,870.63,884.0 26% 2015 36% 201437% 2015 12 313,789.25,296.1 28% 2,874.23,610.3 20% 20152014 2015 38.13 57.8634% 28.92 201439.44 2010 10 600,000,000 32.56 201448.96 82
12 31 2015 2014 (%) 3,789.2 5,296.1 (28) (915.0) (1,685.8) (46) 2,874.2 3,610.3 (20) 38.13 57.86 (34) 28.92 39.44 (27) 2015 12 31 14,607.6 2014 12 3112,423.3 18% 2015 12 31 2,834.5 2014 12 311,929.1 47% 2015 12 31 2014 12 3124,356.1 2015 12 31 25,165.0 2015 12 31 2015 12 3145,622.1 2014 12 31 46,078.6 83
2014 12 31119.2 2015 12 311,161.4 2015 2015 12 31 36% 2015 12 31 7,539.9 2014 12 317,618.9 2014 12 3112,960.1 2015 12 31 18,382.3 2015 12 31 3,040.5 2014 12 313,593.2 15% 2015 12 31 13,815.6 2014 12 318,130.6 70% 2015 12 3148,977.8 2014 12 3146,759.3 5% 84
12 31 2015 2014 (%) 48,977.8 46,759.3 5 (6.3) 48,977.8 46,753.0 5 2015 12 312014 12 31 12 31 2015 2014 48,977.8 46,759.3 (13,126.1) (12,454.6) (3,291.2) (1,598.3) (47.7) 32,512.8 32,706.4 58,902.6 56,332.6 5,107.9 2,104.9 64,010.5 58,437.5 51% 56% 85
2015 12 3113,126.1 2014 12 3112,454.6 2015 12 31 48,977.82014 12 31 46,759.3 12 31 2015 2014 8,574.7 4,072.5 14,200.4 6,515.4 17,553.7 27,621.7 8,649.0 8,549.7 48,977.8 46,759.3 8,574.7 2015 12 31 20,084.6 2015 12 3155,569.1 29,713.1 2015 12 311,205.5 9,158.9 12,116.8 86
4,163.3 2014 2015 12 31 3,183.7 17,671.7222.1 1,132.614,194.015.0 2015 12 3114,538.7 20148,409.9 87
2015 2014 2015 2015 88
2015 89
86-10-59369956 86-10-59368820 852-28299518 86-10-59369901 franshion@sinochem.com 2015 ARC 2014 2014 90
91 IT 788 201417% 50% 40% 10% 541 6% 10% + + + 2015 2015 103 350 2 13 2015 3
2015 2014 92
1,659245 3 10,112 93
40 94
95
96 1971 32009 4 2011 6 2013 1 2014 3 25 1997 2003 1994 1997 2007 1964 12014 2 1994 2007 2010 601668 2009 10
97 03360 2010 6 6005002010 8 00297 19931994 1985 19901993 1970 12015 6 2002 2008 2010 19911994 1973 42006 1 2007 2011 2015 8 25 2014 3 25 1995 8 19952002 2002 8 2006 1 20 1995 2003 1999 (AIA)
1947 72007 3 2001 1997 2008 2003 2012 Chu & Lau Nominees Ltd. Sun Hon Investment & Finance Ltd. Wydoff Ltd. Wytex Ltd. Wyman Investments Limited Trillions Profit Nominees & Secretarial Services Limited Helicoin Limited 1988 1994 1992 1993 19881997 1995 2004 19971998 1969 1954 92007 3 1996 2010 7 2005 20022008 2007 2010 2007-2013 2011-2013 20 1982 1996 98
99 1964 32015 11 2007 72011 6 2003 4 2008 5 2008 6 2009 9 2009 10 2015 10 1996 2003 20 1987 1989 1998 1975 72015 11 2010 5 2013 4 13 1998 2002 2006
101 1966 7 2007 12 1997 52002 3 2002 32007 12 20 1988 1998 2000 6 1974 11 2007 1 2011 10 2000 7 2005 11 2007 1 1997 72000 6 20 1997 2010 2000 3 2003 1 2008 7 1975 11 2011 5 2013 1 2001 1998 2001
102 1972 62013 8 2003 11 2011 11 2009 1969 4 2013 8 2000 7 JW 59322 2012 5 1992 7 1997 7 2003 1969 72014 7 2003 82014 7 2008 6 2014 7 1991 7 2002 6 2011 6
103 1962 12014 12 1992 41995 4 1998 12000 7 2000 72007 1 1998 12013 4 2013 4 2014 12 30 1984 7 1974 32015 10 2001 2015 2010 9 1994 20022012 (Greenwich University) 1968 12007 3 1997 2006 15 1995
A.4.2 2015 104
2015 10 9 2015 6 10 2015 8 25 105
2015 11 16 3.10(1) 3.10A2015 11 30 2015 11 303.10(1) 3.10A 2015 10 92016 3 15 2015 6 10 2015 8 25 2015 11 112015 11 30 95 99 106
2015 11 162015 11 29 3.10(1)3.10A 3.13 2015 Anti-Money Laundering Cyber Security 0 121 2220 107
15 5 20142015 20162025 20162015 * 1/1 0 100% 5/5 0 100% * 0/1 1 0% * 4/4 0 100% * 1/1 0 100% * 3/3 0 100% 5/5 0 100% * 2/2 0 100% * 3/3 0 100% 4/5 0 80% 5/5 0 100% * 3/4 1 75% * 1/1 0 100% 108
* 2015 10 92016 3 142015 6 10 2015 11 11 2015 8 25 2015 11 30 2015 6 10 2015 10 9 2015 8 252015 11 16 2009 2 13 2009 9 17 2009 9 182013 1 16 2015 10 9 2015 10 9 2016 3 152009 4 2011 6 17 2013 1 16 2016 3 15 2016 3 15 109
7 A.6.2(a) (d) 110
145 111
2015 201518 1/1 0 100% 1/1 0 100% * 0/0 0 * 1/1 0 100% * 2015 6 10 2015 6 10 112
2015 11 30 2015 11 162015 11 162015 11 293.21 2015 11 30 3.21 113
2015 20142015 20142015 2015 201531 3/3 0 100% * 2/2 0 100% * 1/1 0 100% 3/3 0 100% * 2015 11 16 2015 11 30 20142015 3 114
2007 7 26 2015 12 2014 2015 2014 1/1 0 100% 1/1 0 100% * 1/1 0 100% * 0/0 0 * 2015 11 16 2015 11 30 115
2015 1012 2-1 1-3 5 6 9 128A 28B R21-06HS14-02-1a * 6/6 0 100% 10/10 0 100% * 6/6 0 100% * 4/4 0 100% * 9/9 0 100% * 1/1 0 100% * 1/1 0 100% * 2015 10 9 2015 8 25 2015 11 16 2015 8 25 2015 11 11 2015 11 30 116
201510,856,000 4,960,0003,515,000 543,000 900,000600,000 188,000 100,000 50,000 2015 52 117
2015 12 31 622 615 (a) 2.5% (b) 50 (a) (b) (c) 118
(d) (i) 6 (ii) 77 (2)(b) 622 566 5% (a) (i) (ii) (b) (c) (i) (ii) 119
2015 6 10 2014 12 31 2014 12 31 2015 6 10 2015 8 25Franshion Properties (China) Limited China Jinmao Holdings Group Limited 622 2014 3 3 120
2015 12 31 1 8111487 7279 9194 2015 12,270 100% 2015 43 121
2015 12 31 147 2015 12 318.0 2015 6 30 2015 12 31 10,671,810,609 2015 6 92015 6 17 2013 2015 6 9 2015 6 17 1,600,000,00014.99% 2.73GIC Private Limited Earn Max Enterprises Limited Dynasty Hill Holdings Limited 4,348 9,071,180,00910,671,180,009 2015 6 92015 6 8 3.03 4,348 2014 1,030 3,179 201535 36 201549 122
2015 12 31622 291 297 299 3,080,077,000853,745,000 6,109,789,000622 2015 12 31 (%) 26% 11% (%) 25% 11% 5% 2015 12 3131 2,200,000 13 17 123
248 2015 10 9 2016 3 15 2015 6 10 2015 6 10 2015 11 11 2015 10 9 2015 8 25 2015 8 25 2015 11 16 2015 11 30 www.chinajinmao.cn 2015 12 31 100 103 124
2015 12 31 8 9 43(b) 2015 12 31 2007 7 26 2015 9293 125
2015 12 31149,483,000 2007 11 22 2012 8 23 10 10%491,526,400 4.61% 12 1% 1 36 126
2008 5 55,550,000 3.37 2010 4 30 2009 2008 5 40% 2011 6 13 20102010 2008 530%2011 5 5 2012 5 17 20112011 2008 5 30%2012 5 5 2012 11 2858,267,500 2.44 2014 11 42012 8 23 2012 1130% 2015 11 202012 8 23 2012 2012 1130% 127
2015 12 31 2015 1 1 2015 12 31 450,000 450,000 2012 11 28 2014 11 28 2019 11 27 450,000 450,000 2012 11 28 2015 11 28 2019 11 27 600,000 600,000 2012 11 28 2016 11 28 2019 11 27 435,000 435,000 2012 11 28 2014 11 28 2019 11 27 435,000 435,000 2012 11 28 2015 11 28 2019 11 27 580,000 580,000 2012 11 28 2016 11 28 2019 11 27 194,980 (194,980) 2008 5 5 2010 5 5 2015 5 4 348,000 348,000 2012 11 28 2014 11 28 2019 11 27 435,000 (435,000) 2012 11 28 2015 11 28 2019 11 27 580,000 (580,000) 2012 11 28 2016 11 28 2019 11 27 168,610 (168,610) 2008 5 5 2010 5 5 2015 5 4 435,000 435,000 2012 11 28 2014 11 28 2019 11 27 435,000 435,000 2012 11 28 2015 11 28 2019 11 27 580,000 580,000 2012 11 28 2016 11 28 2019 11 27 363,590 (363,590) 2008 5 5 2010 5 5 2015 5 4 5,763,000 (1,015,000) 4,748,000 2012 11 28 2014 11 28 2019 11 27 816,680 (816,680) 2008 5 5 2010 5 5 2015 5 4 10,278,600 (3,400,520) (1,320,000) 5,558,080 2012 11 28 2014 11 28 2019 11 27 12,088,200 (218,600) (4,750,440) 7,119,160 2012 11 28 2015 11 28 2019 11 27 16,117,600 (3,220,000) 12,897,600 2012 11 28 2016 11 28 2019 11 27 1,180,270 (1,180,270) 2008 5 5 2010 5 5 2015 5 4 44,247,400 (3,619,120) (10,305,440) 30,322,840 2012 11 28 2014 11 28 2019 11 27 2.44 2.45 2.44 2.45 2.44 2.45 2.44 2.45 2.44 2.45 2.44 2.45 3.37 3.36 2.44 2.45 2.44 2.45 2.44 2.45 3.37 3.36 2.44 2.45 2.44 2.45 2.44 2.45 3.37 3.36 2.44 2.45 3.37 3.36 2.44 2.45 2.44 2.45 2.44 2.45 3.37 3.36 2.44 2.45 128
2015 10 9 2012 11 28 1,500,000 2015 12 31 600,000 2015 8 252012 11 28 580,000 2015 8 25 2008 5 5 2009 3 18 36 2015 12 31 XV XV 7 8 352 1,450,000(L) 0.0136% 1,450,000(L) 0.0136% (L) 129
2015 12 31 XV2 3 336 5,759,881,259 53.97% 5,759,881,259 53.97% 5,759,881,259 53.97% 1,013,762,000 9.50% 1,013,762,000 9.50% 1,013,762,000 9.50% Earn Max Enterprises Limited 764,073,277 7.16% Warburg Pincus Private 764,073,277 7.16% Equity X, L.P. Warburg Pincus X, L.P. 764,073,277 7.16% Warburg Pincus X, LLC 764,073,277 7.16% Warburg Pincus Partners LLC 764,073,277 7.16% Warburg Pincus & Co. 764,073,277 7.16% GIC Private Limited 748,376,034 7.01% 98% 60% 40% 99.40% Earn Max Enterprises Limited 96.90%Warburg Pincus Private Equity X,L.P.Warburg Pincus Private EquityX, L.P. Warburg Pincus & Co.Warburg Pincus Partners LLC Warburg Pincus X, LLC Warburg Pincus X, L.P. Warburg Pincus & Co.Warburg Pincus & Co. Warburg Pincus Partners LLC Warburg Pincus X, LLC Warburg Pincus X, L.P. Warburg Pincus Private Equity X, L.P.Earn Max Enterprises Limited 130
2015 12 31XV2 3 336 1 2 3 4 5 6 14A 131
1 2014 6 13 2014 7 2 2016 12 31 97.6 116.8 145.4 14A 2015 12 31 2 2008 12 312009 7 31 2011 11 11 2011 12 22 2012 1 1 (1) 2011 12 31 2012 1 1 132
(2) (3) (4) 2014 11 3 2016 12 31 443.6 493.8 133
2015 2015 1. 11 1A 1B 1C 1D 1E 1F 1G 1H 1I 1J 1K 100,361,045 20062017 52,729,304 20072016 27,938,557 20072017 9,511,851 20092016 1,023,887 20112016 2,692,989 20122016 1,474,037 20122016 194,670 20122016 1,715,324 20132016 849,078 20132016 1,081,123 20132016 1,150,225 134
2015 2. 12 2A 2B 2C 2D 2E 2F 2G 2H 2I 2J 2K 2L 224,344,045 20072017 8,722,529 20072017 84,651,089 20072017 24,024,807 20072017 32,435,540 20072017 1,049,644 20072017 15,469,822 20072017 31,304,839 20072017 8,804,587 20082017 8,431,714 20112017 1,736,945 20122017 175,593 20132017 7,536,936 135
2015 3. 44,301,420 11 3A 20072016 3,177,656 3B 20072016 8,655,968 3C 20072018 8,773,217 3D 20072017 7,453,257 3E 20062016 5,836,742 3F 20132016 551,580 3G 20072016 3,560,803 3H 20102016 26,400 3I 20102018 2,503,628 3J 20132017 3,137,164 3K 20142016 625,005 369,006,510 14A 2015 12 31 136
3 2012 11 12 2014 6 25 1,600 2015 12 31 50% 14A 53.97% 4 2013 10 15 2014 6 25 137
1,200 2015 12 31 51% 24% 25% 14A 53.97% 5 2013 10 21 2014 6 25 138
1,200 2015 12 31 80% 20% 14A 53.97% 6 2011 11 112014 12 3 2014 11 3 2017 12 31 2,800 2014 12 5 2015 12 31 139
1 2015 2 15Xincheng LP Xincheng LP 39.236.8 54% 9.2% 36.8% Xincheng LP 32,183,500Xincheng LP 98,696,200 394,784,700 51 100% 54% 2015 2 15 1% 5%14A 2015 2 16 2 2015 12 25 49% 985,500,000 100% 140
51% 49% 14A1% 5%14A 14A 2015 12 31 3000 740 14A.56 2015 12 31 141
25% 1 2015 12 12015 12 72015 12 11 2015 12 102,200,000,0005 3.55% 2015 12 28 2 2016 2 12016 2 22016 2 4 2016 1 29 350,000,0006%2016 2 2 150,000,0006% 2016 2 4 499.4 142
2016 3 22 2015 8 19 15% 15% 2010 4 9 2015 2015 143
2015 12 31 144
147 2472015 12 31 405 145
2015 12 31 2016 3 22 146 China Jinmao Holdings Limited
2015 12 31 2015 2014 5 22,110,309 29,548,154 (13,561,140) (17,989,374) 8,549,169 11,558,780 5 2,724,902 2,855,023 (979,602) (914,632) (1,537,701) (1,678,744) (109,904) (26,160) 7 (567,872) (1,221,891) (16,173) (1,322) (89,665) (31,430) 6 7,973,154 10,539,624 10 (2,870,584) (3,884,026) 5,102,570 6,655,598 3,789,236 5,296,054 1,313,334 1,359,544 5,102,570 6,655,598 12 38.13 57.86 32.56 48.96 Annual Report 2015 147
2015 12 31 2015 2014 5,102,570 6,655,598 (5,181,343) (159,525) 20,847 (5,212) 15,635 (5,165,708) (159,525) (63,138) 6,496,073 (261,367) 5,141,322 198,229 1,354,751 (63,138) 6,496,073 148 China Jinmao Holdings Limited
2015 12 31 2015 2014 13 14,607,589 12,423,321 14 22,440,895 27,759,430 15 12,814,409 9,559,660 17 25,165,011 24,356,129 18 2,834,450 1,929,100 19 41,248 42,099 20 1,161,418 119,179 21 1,735,091 1,741,976 28 126,760 25 2,868,398 3,134,851 33 1,204,841 1,132,436 24 223,800 26 40,004 42,485 85,137,154 82,367,426 14 23,181,183 18,319,131 16 7,539,877 7,618,885 15 5,567,890 3,400,450 22 88,795 80,510 23 3,040,460 3,593,182 24 6,838,932 4,473,867 25 10,468,700 3,565,803 475,316 342,946 26 144,127 210,739 27 3,291,179 1,591,921 27 6,338 27 13,126,058 12,454,570 73,762,517 55,658,342 29 13,815,628 8,130,573 30 22,636,142 15,108,067 31 8,574,743 4,072,485 25 5,107,916 2,104,929 1,807,919 2,093,927 32 2,263,328 2,392,926 54,205,676 33,902,907 19,556,841 21,755,435 104,693,995 104,122,861 31 40,403,082 42,686,861 33 5,388,293 5,103,429 45,791,375 47,790,290 58,902,620 56,332,571 Annual Report 2015 149
2015 12 31 2015 2014 35 19,631,341 15,271,278 34 4,588,000 4,588,000 37 15,823,458 17,791,139 40,042,799 37,650,417 18,859,821 18,682,154 58,902,620 56,332,571 150 China Jinmao Holdings Limited
2015 12 31 35 35 34 37 37 37 37 2014 1 1 9,161,489 6,109,789 4,588,000 (2,157,966) 1,265,585 4,462,766 130,970 20,318 9,980,933 33,561,884 13,657,572 47,219,456 5,296,054 5,296,054 1,359,544 6,655,598 (154,732) (154,732) (4,793) (159,525) (154,732) 5,296,054 5,141,322 1,354,751 6,496,073 34 (317,424) (317,424) (317,424) 2013 (870,342) (870,342) (870,342) 35 (208,411) (208,411) (208,411) 35 6,109,789 (6,109,789) 37 439,537 439,537 3,033,171 3,472,708 37 (160,991) (160,991) (160,991) 3,557 3,557 281,610 285,167 43,783 43,783 1,513,505 1,557,288 39 (127,546) (127,546) (1,030,909) (1,030,909) (899) 899 (43,397) 43,397 36 17,502 17,502 17,502 (7,126) 7,126 636,985 (636,985) 2014 12 31 15,271,278 4,588,000 (1,832,080) 1,858,274 4,308,034 130,970 30,694 13,295,247 # 37,650,417 18,682,154 56,332,571 # 2.42014 Annual Report 2015 151
2015 12 31 ** 35 34 37 37 37 37 2015 1 1 15,271,278 4,588,000 (1,832,080) 1,858,274 4,308,034 130,970 30,694 13,295,247 37,650,417 18,682,154 56,332,571 3,789,236 3,789,236 1,313,334 5,102,570 (4,066,238) (4,066,238) (1,115,105) (5,181,343) 15,635 15,635 15,635 (4,066,238) 15,635 3,789,236 (261,367) 198,229 (63,138) 34 (317,424) (317,424) (317,424) 2014 (1,227,197) (1,227,197) (1,227,197) (195,082) (195,082) (1,083,264) (1,278,346) 35 4,348,305 4,348,305 4,348,305 (6,128) (6,128) 1,960,071 1,953,943 25,333 25,333 32,503 32,503 (922,702) (890,199) 36 11,758 (2,926) 8,832 8,832 36 9,940 9,940 9,940 (9,948) 9,948 377,375 (377,375) 2015 12 31 19,631,341 4,588,000 (2,000,787)*2,235,649* 241,796* 146,605* 27,760* 15,172,435*40,042,799 18,859,821 58,902,620 * 15,823,458,000 201417,791,139,000 ** 152 China Jinmao Holdings Limited
2015 12 31 2015 2014 7,973,154 10,539,624 7 567,872 1,221,891 105,838 32,752 5 (523,462) (367,845) 5 (155,680) (130,298) 6 4,611 2,754 6,23 (2,698) 23,282 6 32 19 5,17 (1,238,306) (2,286,463) 5 (347,453) 6,13 373,217 311,524 6,18 65,645 56,490 6,19 11,292 8,926 5,39 (1,703) 6 105 6,36 9,940 17,502 6,844,002 9,428,560 (15,804,922) (25,536,628) 10,891,443 14,165,566 (5,785,742) (2,693,552) (8,285) (48,933) 555,420 585,550 (2,159,450) 1,346,234 40,313 (2,335,868) 5,685,055 2,826,403 8,043,883 (2,911,621) 3,002,987 (1,338,675) 163,328 31,536 11,468,032 (6,481,428) 462,795 349,694 (1,770,224) (1,576,565) (1,001,703) (888,163) 9,158,900 (8,596,462) Annual Report 2015 153
2015 12 31 2015 2014 155,680 130,298 (1,176,401) (1,473,392) 5,485 7,203 2,251 17 (29,690) (24,037) 18 (4,665) (399) 19 (12,830) (23,789) (144,127) (85,803) 39 (119) (1,379,755) (1,088,946) (6,195) (529,535) (6,687,379) (4,352,996) (634,630) (1,241,667) (806,225) 6,338 (6,338) (1,699,258) (1,288,521) (12,116,767) (10,272,675) 4,348,305 8,832 2,726,155 22,261,643 35,585,972 (21,371,894) (19,906,064) (2,722,807) (2,538,998) 35 (208,411) (1,227,197) (870,342) (351,586) (185,355) (1,169,966) 25,333 1,557,288 37 3,472,708 1,953,943 285,167 (317,424) (317,424) 4,163,337 16,874,541 1,205,470 (1,994,596) 12,454,570 14,489,962 (533,982) (40,796) 13,126,058 12,454,570 27 12,332,879 10,866,959 728,766 1,458,961 64,413 128,650 27 13,126,058 12,454,570 154 China Jinmao Holdings Limited
2015 12 31 1. 2004 6 2 1 47 4702-032007 8 17 5,600,000 50% # * * 3,150,000,000 50% # *** 635,000,000 100% * 1,355,000,000 50% # ** 100,000,000 100% Annual Report 2015 155
2015 12 31 1. *** 200,000,000 100% *** 135,000,000 100% * 2,884,540,000 45% @ ** 150,000,000 100% *** 1,600,000,000 100% ** 10,000,000 100% *** 350,000,000 100% ** 150,000,000 100% ** 8,000,000 ** 3,000,000,000 100% 80% ** 1,010,000,000 100% *** 102,400,000 50% 50% * 5,000,000 85% 15% 156 China Jinmao Holdings Limited
2015 12 31 1. *** 387,600,000 25% 75% *** 73,345,000 66.53% *** 2,635,000,000 66.53% ** 50,000,000 100% ** 1,600,000,000 66.53% ** 300,000,000 66.53% ** 100,000,000 51% *** 600,000,000 100% ** 10,000,000 80% ** 10,000,000 100% ** 160,000,000 51% Annual Report 2015 157
2015 12 31 1. ** 500,000,000 66.53% ** 700,000,000 66.53% ** 100,000,000 100% ** 100,000,000 66.53% ** 3,750,000,000 80% 1 100% 1 100% 1 100% ** 500,160,000 51% ** 150,000,000 70% *** *** 395,000,000 80% 254,000,000 51% * 6,000,000,000 50% # 158 China Jinmao Holdings Limited
2015 12 31 1. ** 1,742,800,000 100% ** 1,246,237,500 49% @ & 2,000,000 66.53% ** 2,260,000,000 90% ** 2,962,500,000 100% ** 1,882,350,000 85% * ** *** & 37 # @ Annual Report 2015 159
2015 12 31 2.1 2015 12 31 (a) (b) (c) (i) (ii) (iii) (i) (ii)(iii) 160 China Jinmao Holdings Limited
2015 12 31 2.2 19 20102012 20112013 (a) 19 (b) 2014 120102012 88 16 38 24 Annual Report 2015 161
2015 12 31 2.2 (c) 2014 120112013 3 3 1313 9 39 13 13 403 40 622 9 162 China Jinmao Holdings Limited
2015 12 31 2.3 9 2 10 28 2011 4 10 1 12 28 2011 11 1 14 3 15 2 1 1 16 38 1 16 41 1 27 2011 1 2012 2014 1 1 2016 1 1 2 2018 1 1 3 2016 1 1 4 2014 99 39 9 2018 1 1 9 10 28 2011 10 28 2011 Annual Report 2015 163
2015 12 31 2.3 11 3 11 2016 1 1 15 15 15 2015 9 15 152018 1 12018 1 1 1515 1 (i) 1 (ii) (iii) (iv) 2016 1 1 164 China Jinmao Holdings Limited
2015 12 31 2.3 16 38 16 38 2016 1 1 2.4 20% Annual Report 2015 165
2015 12 31 2.4 5 166 China Jinmao Holdings Limited
2015 12 31 2.4 12 31 Annual Report 2015 167
2015 12 31 2.4 168 China Jinmao Holdings Limited
2015 12 31 2.4 (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (viii) Annual Report 2015 169
2015 12 31 2.4 5 1.7% 9.5% 18% 20% 2% 5% 3.8% 33.3% 8.3% 20% 170 China Jinmao Holdings Limited
2015 12 31 2.4 510 Annual Report 2015 171
2015 12 31 2.4 172 China Jinmao Holdings Limited
2015 12 31 2.4 39 39 Annual Report 2015 173
2015 12 31 2.4 (a)(b) 174 China Jinmao Holdings Limited
2015 12 31 2.4 (a) (b) Annual Report 2015 175
2015 12 31 2.4 176 China Jinmao Holdings Limited
2015 12 31 2.4 39 39 Annual Report 2015 177
2015 12 31 2.4 178 China Jinmao Holdings Limited
2015 12 31 2.4 Annual Report 2015 179
2015 12 31 2.4 (a) (b) (c) (d) 180 China Jinmao Holdings Limited
2015 12 31 2.4 (e) (f) (g) (h) 36 Annual Report 2015 181
2015 12 31 2.4 182 China Jinmao Holdings Limited
2015 12 31 2.4 5.16% 622 Annual Report 2015 183
2015 12 31 2.4 3. 184 China Jinmao Holdings Limited
2015 12 31 3. (a) (b) (c) 2015 12 31 25,165,011,000 201424,356,129,000 17 Annual Report 2015 185
2015 12 31 3. 2015 12 31 18,382,299,000 2014 12,960,110,00015 2015 12 31 263,587,000 2014197,795,0002015 12 31 975,300,000 2014798,460,000 33 186 China Jinmao Holdings Limited
2015 12 31 3. 2015 12 3145,622,078,000 2014 46,078,561,00014 2015 12 311,807,919,000 20142,093,927,000 2015 12 31 2,263,328,000 20142,392,926,000 32 2015 12 317,539,877,000 20147,618,885,000 88,795,000 201480,510,000 Annual Report 2015 187
2015 12 31 4. (a) (b) (c) (d) 188 China Jinmao Holdings Limited
2015 12 31 4. 2015 12 31 17,896,623 1,491,136 2,257,460 465,090 22,110,309 49,259 629,163 678,422 17,896,623 1,540,395 2,257,460 1,094,253 22,788,731 (678,422) 22,110,309 5,555,367 2,238,549 291,393 26,525 8,111,834 (171,822) 523,462 155,680 (78,128) (567,872) 7,973,154 111,056,550 25,747,477 16,549,029 934,983 154,288,039 (38,446,358) 43,057,990 158,899,671 49,771,704 2,453,321 8,259,510 817,444 61,301,979 (39,210,025) 77,905,097 99,997,051 (20,235) 4,062 (16,173) (89,665) (89,665) 16,694 18,198 325,175 24,442 384,509 65,535 110 65,645 8 1,688 2,878 37 4,611 (9) (3,553) 81 815 (2,666) 1,238,306 1,238,306 347,453 347,453 1,735,091 1,735,091 1,115,053 46,365 1,161,418 * 242,031 476,166 550,085 5,301 1,273,583 Annual Report 2015 189
2015 12 31 4. 2014 12 31 25,545,226 1,398,468 2,126,655 477,805 29,548,154 16,453 510,896 527,349 25,545,226 1,414,921 2,126,655 988,701 30,075,503 (527,349) 29,548,154 8,229,402 3,116,830 79,293 38,676 11,464,201 (49,113) 367,845 130,298 (151,716) (1,221,891) 10,539,624 93,352,598 27,218,066 17,842,701 831,657 139,245,022 (34,475,347) 33,256,093 138,025,768 34,656,181 3,258,354 7,866,087 740,720 46,521,342 (32,979,573) 68,151,428 81,693,197 (4,501) 3,179 (1,322) (31,430) (31,430) 16,410 15,084 272,926 16,030 320,450 56,378 112 56,490 589 1,818 347 2,754 (272) 22,652 (92) 1,013 23,301 2,286,463 2,286,463 1,741,976 1,741,976 74,078 45,101 119,179 * 206,742 39,613 1,226,353 71,541 1,544,249 * 190 China Jinmao Holdings Limited
2015 12 31 4. 2,506,650,0002014 10% 5. 2015 2014 16,315,936 21,895,188 1,580,687 3,650,038 1,491,136 1,398,468 2,257,460 2,126,655 465,090 477,805 22,110,309 29,548,154 523,462 367,845 155,680 130,298 * 167,182 47,366 ** 186,193 3,109 1,032,517 548,618 17 1,238,306 2,286,463 347,453 39 1,703 57,155 17,894 49,471 345 1,692,385 2,306,405 2,724,902 2,855,023 * ** Annual Report 2015 191
2015 12 31 6. 2015 2014 11,086,569 14,381,196 718,105 1,969,073 1,756,466 1,639,105 155,267 143,934 13 373,217 311,524 19 11,292 8,926 33,630 36,075 18 65,645 56,490 4,960 4,400 8 1,109,375 1,163,146 36 9,940 17,502 149,483 128,900 (26,253) (23,383) * 123,230 105,517 1,242,545 1,286,165 (57,155) (17,894) ** 4,611 2,754 ** 105 ** 23 (2,698) 23,282 ** 32 19 ** 107,959 * 2015 12 31 2014 ** 7. 2015 2014 2,712,212 2,479,664 43(a) 37,965 67,612 43(a) 7,045 24,705 2,757,222 2,571,981 (2,189,350) (1,350,090) 567,872 1,221,891 192 China Jinmao Holdings Limited
2015 12 31 8. 383(1)(a) (b) (c) (f) 2 2015 2014 1,080 1,080 7,631 6,828 * 7,840 6,808 1,249 1,296 728 711 17,448 15,643 18,528 16,723 * 36 Annual Report 2015 193
2015 12 31 8. (a) 2015 2014 360 360 360 360 (i) 330 360 (ii) 30 1,080 1,080 i 2015 11 16 ii 2015 11 30 2014 (b) 2015 (i) 2,187 2,976 492 288 5,943 (vii) 2,393 2,599 475 335 5,802 (ii) 2,299 1,489 114 3,902 (ii) 752 776 168 105 1,801 7,631 7,840 1,249 728 17,448 (i) (iii) (iv) (iv) (vi) 7,631 7,840 1,249 728 17,448 194 China Jinmao Holdings Limited
2015 12 31 8. (b) 2014 (i) 2,340 2,674 451 373 5,838 (vii) 2,098 2,474 436 338 5,346 (ii) 2,390 1,660 409 4,459 6,828 6,808 1,296 711 15,643 (iii) (iv) (v) 6,828 6,808 1,296 711 15,643 i 2015 10 9 2015 10 9 2016 3 15 ii 2015 8 252015 8 25 iii 2014 2 26 iv 2015 6 10 2015 6 10 v 2014 6 11 vi 2015 11 11 vii 2016 3 15 2014 Annual Report 2015 195
2015 12 31 9. 2014 82014 2015 2014 3,124 3,562 3,738 3,739 550 796 733 577 8,145 8,674 2015 2014 2,500,0013,000,000 3,500,0014,000,000 1 1 4,000,0014,500,000 1 4,500,0015,000,000 1 2 2 36 10. 2015 2014 1,533,630 2,208,498 (7,624) 4,186 32 885,498 1,093,786 2,411,504 3,306,470 33 459,080 577,556 2,870,584 3,884,026 196 China Jinmao Holdings Limited
2015 12 31 10. 2014 25% 201425% 1994 1 1 1995 1 27 1994 1 1 30% 60% 2015 % % % (443,174) 8,416,328 7,973,154 (73,124) 16.5 2,104,082 25.0 2,030,958 25.5 (7,624) (0.1) (7,624) (0.1) 26,459 0.3 26,459 0.3 (74,740) 16.9 (14,476) (0.2) (89,216) (1.1) 147,864 (33.4) 43,247 0.5 191,111 2.4 (21,874) (0.3) (21,874) (0.3) 51,223 0.6 51,223 0.6 25,424 0.3 25,424 0.3 32 885,498 10.6 885,498 11.2 (221,375) (2.6) (221,375) (2.8) 2,870,584 34.1 2,870,584 36.0 Annual Report 2015 197
2015 12 31 10. 2014 % % % (991,129) 11,530,753 10,539,624 (163,536) 16.5 2,882,688 25.0 2,719,152 25.8 4,186 4,186 8,188 0.1 8,188 0.1 (23,528) 2.4 (4,067) (27,595) (0.3) 187,064 (18.9) 19,112 0.2 206,176 2.0 (8,690) (0.1) (8,690) (0.1) 134,711 1.2 134,711 1.3 27,559 0.2 27,559 0.3 32 1,093,786 9.5 1,093,786 10.4 (273,447) (2.4) (273,447) (2.6) 3,884,026 33.7 3,884,026 36.9 2,214,000 20142,259,000 11. 2015 2014 8.0 201411.5 853,745 1,042,842 2015 12 3120141,227,197,000 198 China Jinmao Holdings Limited
2015 12 31 12. 9,938,244,662 20149,153,714,656 2015 2014 3,789,236 5,296,054 2015 2014 9,938,244,662 9,153,714,656 1,698,788,321 1,662,385,714 11,637,032,983 10,816,100,370 Annual Report 2015 199
2015 12 31 13. 2015 12 31 2015 1 1 9,475,353 25,735 632,491 2,039,546 84,420 2,426,928 14,684,473 (1,134,763) (25,118) (77,221) (976,066) (47,984) (2,261,152) 8,340,590 617 555,270 1,063,480 36,436 2,426,928 12,423,321 2015 1 1 8,340,590 617 555,270 1,063,480 36,436 2,426,928 12,423,321 8,458 2,202 33,121 8,954 1,173,663 1,226,398 (2,216) (27,248) (1,774) (536) (31,774) (202,430) (475) (22,409) (138,014) (9,889) (373,217) 20,847 20,847 17 (35,442) (423,190) (458,632) 14 2,541,734 2,541,734 689,979 14,298 (704,277) (506,989) (16) (30,136) (58,321) (2,068) (143,558) (741,088) 2015 12 31 8,327,392 126 463,084 912,790 32,897 4,871,300 14,607,589 2015 12 31 9,589,400 24,233 546,285 1,955,346 85,421 4,871,300 17,071,985 (1,262,008) (24,107) (83,201) (1,042,556) (52,524) (2,464,396) 8,327,392 126 463,084 912,790 32,897 4,871,300 14,607,589 200 China Jinmao Holdings Limited
2015 12 31 13. 2014 12 31 2014 1 1 6,903,968 27,985 494,134 1,704,880 79,426 3,697,660 12,908,053 (982,501) (17,956) (58,913) (889,517) (43,329) (7,104) (1,999,320) 5,921,467 10,029 435,221 815,363 36,097 3,690,556 10,908,733 2014 1 1 5,921,467 10,029 435,221 815,363 36,097 3,690,556 10,908,733 62,671 8 5,983 334,341 13,744 1,079,277 1,496,024 (3,485) (1,809) (1,264) (3,399) (9,957) (155,124) (7,195) (22,330) (116,986) (9,889) (311,524) 39 (399) (399) 17 130,456 130,456 14 241,489 241,489 2,525,844 (2,156) 9,258 34,231 (2,567,177) (10,783) (69) (1,509) (1,806) (117) (17,217) (31,501) 2014 12 31 8,340,590 617 555,270 1,063,480 36,436 2,426,928 12,423,321 2014 12 31 9,475,353 25,735 632,491 2,039,546 84,420 2,426,928 14,684,473 (1,134,763) (25,118) (77,221) (976,066) (47,984) (2,261,152) 8,340,590 617 555,270 1,063,480 36,436 2,426,928 12,423,321 2015 12 313,183,657,000 20141,033,014,000 31 Annual Report 2015 201
2015 12 31 14. 2015 2014 1 1 46,078,561 44,031,911 17,508,529 26,316,899 13 (2,541,734) (241,489) (11,438,228) (16,097,524) 18 (1,076,945) 16,383 39 (7,804,009) (2,908,105) (143,610) 12 31 45,622,078 46,078,561 (23,181,183) (18,319,131) 22,440,895 27,759,430 2015 12 3117,671,748,000 201423,959,378,000 31 15. 2015 2014 1 1 12,960,110 9,711,609 7,085,592 5,232,443 (718,105) (1,969,073) (945,298) (14,869) 12 31 18,382,299 12,960,110 (5,567,890) (3,400,450) 12,814,409 9,559,660 202 China Jinmao Holdings Limited
2015 12 31 16. 2015 12 31222,062,000 2014259,288,000 31 17. 2015 2014 1 1 24,356,129 22,018,464 29,690 24,037 5 1,238,306 2,286,463 598,684 218,813 13 458,632 (130,456) (1,516,430) (61,192) 12 31 25,165,011 24,356,129 2015 12 31 25,165,011,000 2014 24,356,129,000 41(a) 2015 12 31 14,194,038,000 201412,280,547,000 31 Annual Report 2015 203
2015 12 31 17. 2015 12 31 45,969 25,119,042 25,165,011 2014 12 31 56,535 24,299,594 24,356,129 2014 2014 1 1 21,961,737 24,037 2,286,463 218,813 (130,456) (61,000) 2014 12 312015 1 1 24,299,594 29,690 1,238,306 598,684 458,632 (1,505,864) 2015 12 31 25,119,042 204 China Jinmao Holdings Limited
2015 12 31 17. 2015 2014 1(a)- 1(b)- 2(a)- 2(b)- 2(c)- * 3(a)- 3(b)- 3(c)- 4(a)- 6.00% 6.50% 6.50% 7.00% 6,107 5,925 6.00% 6.50% 6.50% 7.00% 10,884 10,380 6.00% 6.50% 6.50% 7.00% 3,553 3,394 6.00% 6.50% 6.50% 7.00% 3,464 3,182 6.50% 7.00% 1,591 4.50% 4.50% 5.00% 5.00% 4,643 4,713 71,923 4.50% 4.50% 5.00% 5.00% 11,944 8,031 122,713 3.50% 3.50% 4.00% 4.00% 14,557 14,775 6.25% 6.25% 6.50% 6.50% 642 621 Annual Report 2015 205
2015 12 31 17. 2015 2014 4(b)- 5.50% 5.75% 6.00% 6.25% 851 864 5(a)- 5.50% 6.00% 10,332 5(a)- 501 9,679 2,319 0.00%-13.00% (5.00%) 5.00% 5.00%-7.00% (7.00%) 5(b)- 5.50% 5.50% 2,464 5(b)- 1,798 2,351 2,031 0.00%-5.00% (2.50%) 5.00% 5.50%-7.00% (7.00%) 5(c)- 5(c)- 5.50% 6.00% 8,958 9,092 12,123 10,191 5.90%-7.70% (6.60%) 8.00%-15.00%(12.46%) 1.50% 206 China Jinmao Holdings Limited
2015 12 31 17. 6 7 8 2015 2014 1,181 876 0.00%-3.00% (3.00%) 0.00%-3.00% (3.00%) 4.11% 4.20% 6.00% 5.00%-6.50% (6.00%) 6.00% 6.00% 6.50% 6.50% 2,464 1,349 80,873 * Annual Report 2015 207
2015 12 31 17. 18. 2015 2014 1 1 1,991,107 2,070,858 4,665 399 14 1,076,945 (16,383) 6 (65,645) (56,490) (113,755) (7,277) 12 31 2,893,317 1,991,107 24 (58,867) (62,007) 2,834,450 1,929,100 2015 12 311,132,633,000 2014231,487,000 31 208 China Jinmao Holdings Limited
2015 12 31 19. 2015 12 31 2015 1 1 93,623 7,131 100,754 (56,709) (1,946) (58,655) 36,914 5,185 42,099 2015 1 1 36,914 5,185 42,099 12,830 12,830 (10,790) (502) (11,292) (2,237) (152) (2,389) 2015 12 31 36,717 4,531 41,248 2015 12 31 100,466 6,845 107,311 (63,749) (2,314) (66,063) 36,717 4,531 41,248 2014 12 31 2014 1 1 70,760 9,611 80,371 (48,419) (2,162) (50,581) 22,341 7,449 29,790 2014 1 1 22,341 7,449 29,790 23,789 23,789 (254) (1,997) (2,251) 39 (257) (257) (8,685) (241) (8,926) (20) (26) (46) 2014 12 31 36,914 5,185 42,099 2014 12 31 93,623 7,131 100,754 (56,709) (1,946) (58,655) 36,914 5,185 42,099 Annual Report 2015 209
2015 12 31 20. 2015 2014 1,161,418 119,179 25 2015 2014 (16,173) (1,322) (16,173) (1,322) 1,161,418 119,179 2010 5 11 2010 11 5 10 2011 7 28 10 50% 200 140 210 China Jinmao Holdings Limited
2015 12 31 20. 2015 2014 1,385 3,557 713,278 1,679,898 44 714,707 1,683,455 177,285 785,407 1,872,492 515,653 71,509 19,611 77,135 48,812 152,694 144,016 76,381 6,876 2,427,496 1,520,375 430,577 422,919 1,337,837 511,962 1,768,414 934,881 659,082 585,494 1,373,789 2,268,949 779 1,373,789 2,268,170 2015 2014 704,973 2,299,343 (553,960) (1,623,119) 151,013 676,224 2,909 3,068 (36,632) (48,942) (11,507) (21,341) 105,783 609,009 (30,758) (159,362) 75,025 449,647 Annual Report 2015 211
2015 12 31 21. 2015 2014 1,735,091 1,741,976 25 2015 2014 (89,665) (31,430) (89,665) (31,430) 1,735,091 1,741,976 22. 2015 2014 66,890 56,045 983 1,677 17,305 19,250 3,617 3,538 88,795 80,510 23. 2015 2014 3,046,983 3,611,779 (6,523) (18,597) 3,040,460 3,593,182 212 China Jinmao Holdings Limited
2015 12 31 23. 2015 2014 1 2,851,736 1,263,609 1 3 40,390 92,414 4 6 2,156 762,196 6 146,178 662,837 812,126 3,040,460 3,593,182 15,038,000 20148,721,000 31 2015 2014 1 1 18,597 19,533 6 (2,698) 23,282 (8,756) (24,149) (620) (69) 6,523 18,597 6,523,000 201418,597,000 6,523,000 201418,597,000 Annual Report 2015 213
2015 12 31 23. 2015 2014 3,032,018 2,776,209 1 7,449 567,290 1 3 115 201 3 878 249,482 3,040,460 3,593,182 2015 12 31222,185,000 2014 121,227,000 800,010,000 2014781,748,000 577,825,000 2014 660,521,000 24. 2015 2014 1,079,664 575,083 2,437,544 1,254,728 295,626 179,345 2,148,779 2,166,677 818,452 236,027 18 58,867 62,007 6,838,932 4,473,867 1,524,505,000 0.35% 6.60% 20141,820,598,000 0.35% 8.54% 343,757,000328,240,000 146,455,00012% 5.5% 4.35% 2014236,027,000 6% 223,800,0005.5% 2018 2014 214 China Jinmao Holdings Limited
2015 12 31 25. 2015 2014 2 1,476 9,531 1,381 1,008 1,977 2,062 425,836 169,479 10,038,030 3,383,721 10,468,700 3,565,803 2,868,398 3,134,851 2,868,398 3,134,851 2,590 2,512 26,210 23,332 4,262,720 1,986,867 91,611 86,304 716,160 13 8,625 5,901 5,107,916 2,104,929 146,779,000 201423,197,000 975,033,000 20141,027,788,000 7% 6.9%9% 26. 2015 2014 40,004 42,485 144,127 210,739 184,131 253,224 2015 12 31(1)49% 96,383,000 2014102,359,000(2) 47,744,000 2014 Annual Report 2015 215
2015 12 31 26. 2014 12 3149% 108,380,000 2015 12 25 2012 27. 2015 2014 12,332,879 10,866,959 4,084,358 3,185,870 16,417,237 14,052,829 31 (6,338) (3,291,179) (1,591,921) (3,291,179) (1,598,259) 13,126,058 12,454,570 2015 12 3111,212,284,000 2014 7,992,568,000 3,335,556,000 20141,155,471,000 0.35% 1.62% 20140.385% 1.62% 43(a) 216 China Jinmao Holdings Limited
2015 12 31 28. 2014 12 318.54% 2015 12 31 29. 2015 2014 1 13,197,119 7,722,149 1 618,509 408,424 13,815,628 8,130,573 60 30. 2015 2014 2,567,507 2,442,232 16,527,564 9,609,777 237,644 84,125 3,098,735 2,809,421 204,692 1,521 37 160,991 22,636,142 15,108,067 2015 12 31 Annual Report 2015 217
2015 12 31 31. 2015 (%) 2014 (%) 4.35-5.70 2016 71,616 5.60-5.70 2015 132,464 1.59-10.56 2016 3,198,222 3.65-6.00 2015 2,151,272 4.41-7.05 2016 3,027,526 5.54-7.05 2015 1,677,200 * 5.25-5.78 2016 21,485 6.55 2015 12,676 3.40-7.07 2016 2,255,894 6.15-7.07 2015 98,873 8,574,743 4,072,485 4.41-7.05 2017-2030 13,226,592 5.54-7.05 2016-2025 15,180,549 2.33-7.07 2017-2018 7,458,195 2.34-7.07 2016-2026 10,533,025 * 5.25-5.78 2017-2020 453,557 6.40-6.55 2016-2017 240,844 4.83-6.85 2017-2022 16,649,452 4.83-6.85 2017-2022 16,732,443 3.55 2020 2,615,286 40,403,082 42,686,861 48,977,825 46,759,346 * 2015 2014 8,553,258 4,059,809 8,913,349 6,509,110 8,526,875 16,062,971 3,244,563 3,141,493 29,238,045 29,773,383 21,485 12,676 5,287,045 6,338 9,026,866 11,558,689 5,404,384 5,408,260 19,739,780 16,985,963 48,977,825 46,759,346 218 China Jinmao Holdings Limited
2015 12 31 31. (a) 55,569,084,000 201453,003,608,000 29,713,088,000 201431,294,503,000 (b) (i) 3,183,657,000 20141,033,014,000 (ii) 17,671,748,000 201423,959,378,000 (iii) 222,062,000 2014259,288,000 (iv) 14,194,038,000 2014 12,280,547,000 (v) 1,132,633,000 2014231,487,000 (vi) 15,038,000 20148,721,000 (vii) 20146,338,000 (c) 22,885,096,000 201422,539,707,000 3,279,682,000 20143,391,768,000 Annual Report 2015 219
2015 12 31 32. 2014 1 1 2,193,118 10 1,093,786 (868,558) (31,341) 5,921 2014 12 312015 1 1 2,392,926 10 885,498 (733,828) (93,715) (187,553) 2015 12 31 2,263,328 1994 1 1 1995 1 27 30% 60% 20% 1995 1% 3.5% 220 China Jinmao Holdings Limited
2015 12 31 33. 2014 1 1 3,112,060 455,325 811,876 74,021 2,317 4,455,599 10 566,291 47,538 39,616 34,367 687,812 (7,504) (1,359) (2,745) (73) 150 122 (11,409) 2014 12 31 2015 1 1 3,670,847 501,504 809,131 73,948 39,766 36,806 5,132,002 10 390,502 47,681 65,355 84,122 587,660 5,212 5,212 (231,522) (31,216) (47,235) (4,317) (4,979) (5,569) (324,838) 2015 12 31 3,835,039 517,969 761,896 69,631 100,142 115,359 5,400,036 Annual Report 2015 221
2015 12 31 33. 2014 1 1 548,280 193,695 237,570 74,353 1,053,898 10 61,700 4,737 35,914 7,905 110,256 (1,620) (637) (748) (140) (3,145) 2014 12 31 2015 1 1 608,360 197,795 272,736 82,118 1,161,009 10 (8,135) 80,618 62,867 (6,770) 128,580 (35,184) (14,826) (19,875) (3,120) (73,005) 2015 12 31 565,041 263,587 315,728 72,228 1,216,584 2015 2014 1,204,841 1,132,436 (5,388,293) (5,103,429) (4,183,452) (3,970,993) 975,300,000 2014798,460,000 222 China Jinmao Holdings Limited
2015 12 31 33. 10% 2008 1 1 2007 12 31 5% 2008 1 1 2015 12 31 69,631,000 201473,948,000 2015 12 31 17,317,082,000 201412,892,914,000 34. 2010 10 12 6 4,655,166,000 67,166,000 2011 10 11 2.836.8% 2014 6 20 2014 6 202013 2.832.80 2015 7 15 2015 7 152014 2.802.74 2015 10 11 110% 90 Annual Report 2015 223
2015 12 31 35. 2015 2014 10,671,810,609 20149,068,191,489 10,671,811 9,068,191 2014 1 1 9,161,489,489 9,161,489 6,109,789 15,271,278 2014 3 3 (a) 6,109,789 (6,109,789) (93,298,000) 2014 12 31 2015 1 1 9,068,191,489 15,271,278 15,271,278 (b) 1,600,000,000 4,348,305 4,348,305 (c) 3,619,120 11,758 11,758 2015 12 31 10,671,810,609 19,631,341 19,631,341 (a) 62211 37 2014 3 3 (b) 2015 6 172.73 1,600,000,000 4,348,305,000 (c) 3,619,1202.4436 8,832,000 3,619,1202,926,000 36 224 China Jinmao Holdings Limited
2015 12 31 36. 2007 11 22 10% 1% 0.1% 5,000,000 281 (i) (ii) (iii) Annual Report 2015 225
2015 12 31 36. 2015 2014 1 1 2.46 45,427,670 2.46 56,599,270 2.44 (10,305,440) 2.44 (11,171,600) 2.44 (3,619,120) 3.37 (1,180,270) 12 31 2.43 30,322,840 2.46 45,427,670 2.97 2014 2015 * 7,226,080 2.44 2014 11 282019 11 27 8,439,160 2.44 2015 11 282019 11 27 14,657,600 2.44 2016 11 282019 11 27 30,322,840 2014 * 1,180,270 3.37 2010 5 52015 5 4 13,274,220 2.44 2014 11 282019 11 27 13,274,220 2.44 2015 11 282019 11 27 17,698,960 2.44 2016 11 282019 11 27 45,427,670 * 226 China Jinmao Holdings Limited
2015 12 31 36. 2012 12 3151,858,0000.89 2015 12 31 9,940,000 2014 17,502,000 2008 12 317,604,000 3,619,1203,619,120 8,832,00035 30,322,840 30,322,840 73,988,000 37. 151 152 2014 7 2 5.35600,000,000 3,210,000,000 2014 7 24 5.35 69,397,000 100% 66.53%2014 12 31 439,537,000 Annual Report 2015 227
2015 12 31 37. 2014 12 31 2014 12 31 960,000,0002014 7 22014 12 31 481,000,000 160,991,000 2014 12 31 160,991,000 2015 6 30 25% 2.4 228 China Jinmao Holdings Limited
2015 12 31 38. 2015 50% 50% 50% 33.47% 341,995 295,080 (1,100) 176,456 189,410 2,183,234 2,084,942 3,565,994 2,767,609 2014 50% 50% 50% 33.47% (4,510) 279,444 (829) (14,852) 1,970,162 2,008,042 3,788,198 3,045,580 Annual Report 2015 229
2015 12 31 38. 2015 2,138,998 911,690 2,973,963 (1,455,009) (321,530) (2,200) (2,431,371) 683,989 590,160 (2,200) 542,592 426,144 347,063 (444,406) (249,213) 5,997,753 1,438,141 8,517,717 1,187,588 3,296,526 4,466,177 11,168 20,564,925 (4,516,020) (1,619,273) (457,461) (5,499,011) (411,792) (187,690) (939,435) (7,925,234) 88,380 1,811,404 (661,689) 1,353,825 (107) (1,871,709) (1,148) (677,669) 846,614 (20,073) 627,326 (934,388) 934,887 (80,378) (35,511) (258,232) 230 China Jinmao Holdings Limited
2015 12 31 38. 2014 536 1,698,605 2,761,146 (9,556) (1,139,716) (1,659) (1,854,037) (9,020) 558,889 (1,659) 907,109 (22,451) 550,366 (27,372) 866,579 6,861,038 4,385,013 8,616,959 1,362,904 1,166 2,186,208 10,004 21,277,458 (2,110,617) (2,775,912) (692,015) (5,470,669) (811,264) (358,553) (8,062,924) (1,634,174) 447,614 (395,680) 2,312,726 (97) (5) (199) (1,175,455) 1,585,092 357,196 (1,209,166) (49,179) 447,609 (38,683) (71,895) Annual Report 2015 231
2015 12 31 39. 20152014 12 31 20152014 12 31 2015 2014 13 399 19 257 184 119 1,379,755 14 7,804,009 543,174 6,726 (104) (531,358) (4,373,894) (4,609,609) (127,546) 11,935 80,177 11,935 81,880 5 1,703 2015 2014 (119) (1,379,755) (119) (1,379,755) 40. 14,538,748,000 20148,409,881,000 232 China Jinmao Holdings Limited
2015 12 31 41. (a) 17 2015 2014 1,359,335 1,149,761 1,247,569 1,246,680 49,688 32,143 2,656,592 2,428,584 (b) 42. 2015 2014 28,695 39,816 14,148 36,187 42,843 76,003 41(b) 2015 2014 18,641,716 12,547,061 1,059,291 367,855 12,772 112,808 191,573 19,905,352 13,027,724 Annual Report 2015 233
2015 12 31 43. (a) 2015 2014 * (i) 292,444 277,760 * (i) 27,499 25,336 (ii) 37,965 67,612 (iii) 5,256 8,914 (i) 6,448 3,834 (ii) 7,045 24,705 * (i) 93,036 81,191 * (i) 10,121 16,667 * (i) 9,771 9,023 * (i) 473 413 ** (i) 452,816 (iv) 101,135 123 (i) 20,114 (i) 365 323 (i) 44 (iv) 276,928 167,864 (v) 1,452 (i) (ii) (iii) (iv) (v) 3.915% 6% 20145.04% 9% 0.35% 1.62% 20140.385% 1.62% 6.9% 9% 20146.9% 9% 7% 2014 * 14A ** 234 China Jinmao Holdings Limited
2015 12 31 43. (b) 2015 2014 37,743 32,569 2,645 3,071 2,846 3,536 43,234 39,176 2015 2014 1,000,000 1 1,000,0011,500,000 1 1 1,500,0012,000,000 2,000,0012,500,000 1 2,500,0013,000,000 1 1 3,000,0013,500,000 1 1 3,500,0014,000,000 3 3 4,000,0014,500,000 1 4,500,0015,000,000 1 9 7 8 (c) Annual Report 2015 235
2015 12 31 44. 2015 2014 3,040,460 3,040,460 3,593,182 3,593,182 24 5,924,201 5,924,201 3,836,777 3,836,777 13,337,098 13,337,098 6,700,654 6,700,654 126,760 126,760 184,131* 184,131 253,224* 253,224 3,291,179 3,291,179 1,591,921 1,591,921 6,338 6,338 13,126,058 13,126,058 12,454,570 12,454,570 184,131 38,718,996 38,903,127 253,224 28,310,202 28,563,426 * 2015 2014 13,815,628 8,130,573 30 5,870,934 5,414,165 5,107,916 2,104,929 48,977,825 46,759,346 73,772,303 62,409,013 236 China Jinmao Holdings Limited
2015 12 31 45. 2015 2014 2015 2014 96,383 210,739 96,383 210,739 40,004 42,485 40,004 42,485 136,387 253,224 136,387 253,224 48,977,825 46,759,346 50,231,606 47,473,590 2015 12 31 Annual Report 2015 237
2015 12 31 45. 20152014 12 31 5% 2014 5% 406,000 2014 340,000 5% 2014 5% 1,104,000 2014 10,711,000 5% 2014 5% 3,999,000 2014 8,941,000 2015 2014 96,383 210,739 40,004 42,485 136,387 253,224 2015 12 31 2014 238 China Jinmao Holdings Limited
2015 12 31 45. 2015 2014 1 1 253,224 151,377 102,359 (108,380) (8,457) (512) 12 31 136,387 253,224 2014 2015 12 31 2014 2015 12 31 2014 2015 12 31 20,518,518 29,713,088 50,231,606 2014 12 31 17,446,687 30,026,903 47,473,590 Annual Report 2015 239
2015 12 31 46. 2015 12 31 25 (45,198) 25 (19,356) 25 (8,665) (25) 45,198 (25) 19,356 (25) 8,665 2014 12 31 27 (54,946) 27 (19,294) 27 (9,250) (27) 54,946 (27) 19,294 (27) 9,250 240 China Jinmao Holdings Limited
2015 12 31 46. Annual Report 2015 241
2015 12 31 46. 20152014 12 31 2015 2014 +1% (224,089) (209,105) -1% 224,089 209,105 20152014 12 31 2015 2014 +5% 27,906 55,825-5% (27,906) (55,825) 242 China Jinmao Holdings Limited