2015
2 3 4 7 10 14 24 32 36 58 69 70 71 73 75 77 150
ACCA, FCPA, CFA ACCA, FCPA, CFA Cricket Square, Hutchins Drive PO Box 2681, Grand Cayman KY1-1111 Cayman Islands 103 11 B Royal Bank of Canada Trust Company (Cayman) Limited 4th Floor Royal Bank House 24 Shedden Road George Town Grand Cayman KY1-1110 Cayman Islands 183 22 Dentons Hong Kong 1 3201 88 35 743 www.achc.com.cn (852) 2839 3705 (852) 2577 8040 6 2
6,391,165 8,193,716 956,262 1,911,395 (292,710) 812,980 (299,123) 790,313 15% 23% (0.191) 0.507 (0.191) 0.506 17,627,180 20,022,989 9,570,926 10,105,134 1 1.10 1.13 2 0.94 0.97 3 0.46 0.50 1. 2. 3. 3
4
7% 10% 4.9% 70 20% 5
4,712 7,031 3,800 6
7
COST DOWN 67,000,000 COM2B SAP GPS 8
12,000,000 9
300 3% 5.2% 1.3 10
36% 92% 50 196593 465 6,391,200,000956,300,000 218,500,00022% 50% 81%15.0% 3.4% 8.310.7 465,800,000 399,700,000-292,700,000-299,100,000-0.191 2,400 2% 2,972 2,842176 20 3,0381.3% 25. 1. 11
2. 3. TWI MTP 4. 20 SOP SAP Notes Web IT. 12
. 15 4.04.0 32.5 13
14
1. GDP 6.9%7.4%0.5 1.3 10% 5.7 1% 9.5 23.48 24.761.28 5% 20% 15
4,7126,300 3,800 2,500 PC32.5PC32.5R 6 40% 13.5% 23 300 16
5% 2,400 2.3% 3,038 2% 3,000 20.3% 50% % 28,418 28,302 0 1,758 1,276 38 202 401 (50) % 10,411 10,835 (4) 7,847 7,898 (1) 7,818 6,929 13 2,342 2,640 (11) 28,418 28,302 0 (%) (%) 22,793 80 21,865 77 5,625 20 6,437 23 30,378 29,979 1 28,418 100 28,302 100 (%) (%) 20,887 73 21,818 77 7,531 27 6,484 23 28,418 100 28,302 100 17
(1) 70%2,400 6% 10 2,242 2,293 (2) 1,100 3 4% 79670591 12.9% (%) 38% 35% 26% 26% 27% 27% 31% 28% 30% 30% 18
6,391,200,000 8,193,700,000 1,802,500,00022% % % 2,436,535 38 2,907,570 36 1,804,502 28 2,330,770 28 1,550,896 24 2,023,980 25 599,232 10 931,396 11 6,391,165 100 8,193,716 100 87% 85% 8% 11% % % 5,581,118 87 6,983,580 85 266,791 4 252,164 3 510,418 8 869,199 11 32,838 1 88,773 1 6,282,300,000 13%5,434,900,000 956,300,000 1,911,400,00015% 23% 128,500,000 161,400,000 32,900,000 419,600,000 43,800,000 375,800,000 6,391,165 100 8,193,716 100 19
20 415,300,000 339,200,000 5%322,500,000 6% 1,338,400,000247,300,000 1,091,100,000 278,100,000 232,700,000 84% 45,400,000 6,400,000 22,700,000 16,300,000 72% 292,700,000 813,000,000 1,105,700,000 12% 17,627,200,000 20,023,000,000 5% 9,570,900,000 10,105,100,000 1,138,700,000 2,368,800,000 95%5% 718,200,000 1,249,400,000 370,700,000 1,245,500,000 70% 874,800,000
2,098,000,000 415,300,000 592,700,000 5,018,500,000 46%50% % % 3,379,212 49 4,804,222 56 3,565,860 51 3,814,465 44 2,333,828 34 875,503 10 4,611,244 66 7,743,184 90 6,945,072 100 8,618,687 100 6,945,072 100 8,618,687 100 4,523 90% 100% 0.6% 2.6% 90% 100% 0.5% 3.5% 21
22 2. 3% 3,500 4,700 (6.5% 7.0%)
8,000 PC32.5 3,228 3,038190 6.3% 23
24 A.1.8 3.10A 3.21 3.25A.5.1 3.10A 3.21 3.25 A.5.1 62
32 34 A.2.1 8/8 8/8 8/8 8/8 8/8 8/8 8/8 8/8 3/3 7/7 7/7 3/3 25
26 86 87 A B A A B A B A B A B A B A A A B A B A B A B
2/2 2/2 1/1 www.hkexnews.hk www.achc.com.cn 1/1 1/1 27
www.hkexnews.hk www.achc.com.cn 14 1,000,001 1,500,000 1,500,001 2,000,000 2 1/1 1/1 www.hkexnews.hk www.achc.com.cn 28
3/3 3/3 2/2 D.3.1 (v) 69 69 (i) (ii) (iii) 4,129 4,129 (iv) 29
20 21 103 11 www.achc.com.cn 30
20 1/1 1/1 1/1 1/1 1/1 1/1 1/1 http://www.achc.com.cn www.achc.com.cn 3.29 15 1/1 1/1 1/1 1/1 31
74 249 758187 32
70 92 52 66 15 68 45 68 46 72 50 33
69**Greater China Fund, Inc. 78 59** 72 ** 34
7040 1971 11 2006 9 65 30 60 30 61 30 Pennsylvania State University 52 199030 2012 2 ACCA, FCPA, CFA 4217 ** ** 35
36
37 00743 2004 4 2002008 5 20 5,000 2000 7 2013 92014 16,000 2010 2014 15 3,500 2015 12 20165,000
2013 2014 2015 17,361,715 20,022,989 17,627,180 7,330,818 8,193,716 6,391,165 846,304 812,980 (292,710) 716,540 1,016,380 704,100 % 7.7 6.8 (0.4) 4,096 4,746 4,523 116 138 6 % 100 100 100 % 100 100 100 % 7.55 8.96 10.22 5.7 5.6 6.2 % 100 100 100 688 792 600 32 32 21 % 100 100 100 14,334 12,437 16,089 43,200 46,290 39,440 154 149 171 123,950 315,560 119,160 117,630 147,780 67,030 240 1,200 910 % 93 94 95 % 100 100 100 38
17.4 20.0 17.6 7.3 8.2 6.4 2013 2014 2015 2013 2014 2015 846 813 1,016 717 704 (293) 2013 2014 2015 2013 2014 2015 (%) 7.7 6.8 (0.4) 2013 2014 2015 39
100% 100% 40
2015 11 (www.achc.com.cn) 41
2015 12 31 4,523 85 4,438 32%9 2015 4,523 2,558 24 531 882 528 42
TWI MTP 2015 18 11 102 3 43
TWI MTP TWI MTP 2015 96,555 27021.3 6002015 1) 2306 20 2) TWI 7TWI 322 267 15 3) MTP 41 48 22 4) 2015 38 11 51 2015 2015 44
2015 3,500 2 2015204 1 2 2015 2,600 TWI MTP 45
46 2 4 2015 22 2015 100 2015 40 200 2015 200 2015 416 155 111 14,037 8,390 2,778 000 416 155 111 00 111 416 14,037 8,390 2,778
KTV 2015 20 2015 4 20 47
2015 1 98,270 2015 2 16,000 2015 8 17,400 2015 9 72,746 2015 2015 8 11 5,000 72,746 2014 11 23 171 20 13 5,000 98,270 48
20151,700 60 108 112 34 25 169 134 62 25 30 262 289 31 23 25 36 159 25 29 39 30 2015 2015 2015 49
EHS 1. 100 5 0 95% 50
2. GB/T 23331-2012/ISO 50001 2011 ISO 50001 ISO 9001 ISO 14001 OHSAS 18001 2015171 1,900 51
238 2015 6 52
2013 9 2015 4 2015 7 1 GB4915-2013 1,800 3 4 53
20155.9155 2013 321g/KWh 18.989 2.66 50.51 0.0192 0.36 20154.61 2013 321g/ KWh 148 2.66 393.68 0.0192 2.84 54
12015 200#2 2402016 60,000 26 10,000 20 22014 8,000 2# 2014 2015 1 3 30% 20154,000 1# 2015 10 10 21 55
20151.3 2# 3 1 1 2015 6,700 558 4286763 SL274M 2,000 180 90% SL220-172M 2,000 172 76% SL172-136M 2,500160 75%200 46 80% 2015 310 705 2016 5,750 2# 56
21002013 2015 413.7720154491.1 2015 2 10,000 2015 4 10 2015 5 5.19 15,207 2015 7 2015 8 162 2015 11 2015 12 2015 57
144146 51423 70 5 78,342,550 15 18322 18322 73 2,609,400,000 2,609,400,0003,431,800,000 822,400,000 91 58
17 36 40 30% 30% 5% 42 59
3235 13.51B(1) 13.51B(1) 14 60
3.13 3.13 18 61
XV(a)XV7 8 (b) 352(c) 200,000 200,000 0.01% 1,322,000 1,322,000 0.08% 400,000 400,000 0.03% 482,000 482,000 0.03% 3,000,000 3,000,000 0.19% 430,000 430,000 0.03% 400,000 400,000 0.03% 62
11,454,981 11,454,981 0.34% 459,350 60,877 520,227 0.02% Oriental Industrial Holdings Pte., Ltd ( Oriental Industrial ) 2,000 2,000 0.0004% 67,431 2,442 69,873 0.002% Oriental Industrial 1,000 1,000 0.0002% 23,278,334 8,124,332 31,402,666 0.93% Asia Cement (Singapore) 2 2 0.00002% Private Limited ( Asia Cement Singapore ) Oriental Industrial 4,000 4,000 0.0007% 24,387 5,358 29,745 0.0009% 16,892 476 17,368 0.0005% 1,841 1,841 0.00005% XV 352 63
336 1 1,136,074,000 73.00% Invesco Hong Kong Limited 78,512,000 5.04% 1. 68.19% Asia Cement Singapore 4.10%Asia Cement Singapore 99.96%Asia Cement Singapore 4.10% Falcon Investments Private Limited 0.71%U-Ming Marine Transport (Singapore) Private Limited100% U-Ming Marine Transport (Singapore) Private Limited 99.99%38.66% 0.71% 336 64
(a) 85% 11,578,000 977,00010,601,000 4.20755.3478.8% 6 (b) 17 17 10%150,000,000 9.57% 17 30% 12 17 1% 10 65
1.00 (i)(ii) (iii) (a)(b) (c) 66
33 200 (i) (ii) 50% 360,000 440,000 145 47 73% 10,648,903 20,680,000 67
14A.56 (i) (ii) (iii) (iv) 25% 68
70 149 69
7 6,391,165 8,193,716 (5,434,903) (6,282,321) 956,262 1,911,395 9 128,548 161,430 10 (419,610) (43,761) (415,318) (415,017) (322,460) (339,164) 11 (177,673) (188,151) 1,518 4,183 1,398 193 (247,335) 1,091,108 12 (45,375) (278,128) 13 (292,710) 812,980 (379) 2,876 3,424 (289,834) 816,025 (299,123) 790,313 6,413 22,667 (292,710) 812,980 (296,247) 793,358 6,413 22,667 (289,834) 816,025 16 (0.191) 0.507 (0.191) 0.506 70
17 10,879,534 11,364,794 18 256,476 266,118 19 640,879 663,148 20 20,950 21 693,000 693,000 22 4,638 8,554 23 74,345 75,613 24 17,711 17,113 29 29,106 25,840 32 72,531 29,766 33 22,380 34 29,057 31,864 12,718,227 13,198,190 25 740,781 966,335 33 27,953 20,573 26 2,510,213 3,039,842 19 20,150 18,118 27 456,935 437,000 27 7,247 27 36,058 29 4,366 18,347 29 1,105,250 2,324,584 4,908,953 6,824,799 30 1,041,963 1,201,699 27 18,160 6,668 27 828 10,847 46,874 28 2,876 31 3,379,212 4,804,222 4,451,010 6,062,339 457,943 762,460 13,176,170 13,960,650 71
31 3,565,860 3,814,465 32 21,170 27,839 35 18,214 13,212 3,605,244 3,855,516 9,570,926 10,105,134 36 140,390 140,390 9,158,952 9,690,227 9,299,342 9,830,617 271,584 274,517 9,570,926 10,105,134 70 149 72
a b c e 139,549 3,376,570 965,755 286,038 1,635,906 22,639 (6,300) 379 2,814,813 9,235,349 242,474 9,477,823 790,313 790,313 22,667 812,980 3,424 (379) 3,045 3,045 3,424 (379) 790,313 793,358 22,667 816,025 d 18,504 18,504 196,748 (196,748) 40 841 55,236 (20,729) 35,348 35,348 40 (1,910) 1,910 15 (233,438) (233,438) (233,438) (9,128) (9,128) 140,390 3,431,806 1,162,503 286,038 1,635,906 (2,876) 3,176,850 9,830,617 274,517 10,105,134 (299,123) (299,123) 6,413 (292,710) 2,876 2,876 2,876 2,876 (299,123) (296,247) 6,413 (289,834) 188,566 (188,566) 15 (235,028) (235,028) (235,028) (9,346) (9,346) 140,390 3,431,806 1,351,069 286,038 1,635,906 2,454,133 9,299,342 271,584 9,570,926 73
a. b. (i) (ii) (iii) c. (i) 1,623,254,000(ii) 3,577,000 18.92% 36.84% (iii) 36.84% 54,216,000(iv) 60,076,000 20%98,0630,000 37,987,000 d. 3,000,00018,504,000 e. 35,000,000 28 74
(247,335) 1,091,108 899,602 978,082 177,673 188,151 5,050 41,877 31,974 5,002 4,160 3,171 1,346 4 861 (41,620) (46,197) (2,654) (1,518) (4,183) (1,398) (193) 841,369 2,241,594 (143,480) (830,279) 225,554 (162,680) 487,752 (181,639) 11,492 (197) 828 (7,247) (36,058) 1,380,210 1,066,799 (130,836) (348,602) 1,249,374 718,197 75
99,690 41,620 46,197 5,624 6,724 17,807 13,274 12,659 2,087 2,654 1,925 1,570 800 (416,313) (694,595) (456,935) (437,000) 437,000 396,718 (13,000) (3,342) (2,082) (1,944) (17,176) (1,186) (1,906) (8,402) (477) (41,309) 37(d) (606,834) (370,687) (1,245,465) 35,348 (8,311,861) (3,464,665) (180,032) (195,405) (235,028) (233,438) (9,346) (9,128) 6,638,246 4,733,115 18,504 (2,098,021) 884,331 (1,219,334) 357,063 2,324,584 1,967,521 1,105,250 2,324,584 76
1. 22 Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman, KY1-1111, Cayman Islands 10311 B 2. 19 77
2. 9 1 14 2 15 1 16 3 11 4 1 4 16 4 38 16 4 41 27 4 10 5 28 10 4 12 28 7 6 12 6 4 1 2 3 4 5 6 9 9 9 9a b 78
2. 9 9 39 9 9 39 9 39 39 9 9 9 79
2. 15 15 1518 11 15 15 15 15 15 15 16 1617 12 16 17 80
2. 16 1617 16 16 1 1 11 3. 622 2 17 236 81
3. 82
3. (i) (ii) 39 12 19 2 5 83
3. 3937 84
3. 39 36 36 85
3. 39 86
3. 87
3. 88
3. (i) (ii) 89
3. 90
3. 91
3. 92
3. 3090 180365 93
3. 94
3. 95
4. 2,298,065,000 2,732,883,000 142,008,000 103,488,00027,953,000 42,953,000 693,000,000 693,000,000 21 20 20 96
4. 10,879,534,00011,364,794,000 28 2,876,000 5. 31 97
6. a. 3,964,980 5,581,607 7,795,308 9,505,591 2,876 b. 27e33 98
6. b. (i) 333129 2931 1001003030 100100 65,415,000 75,720,000 3030 1,567,000 3,522,000 99
6. b. (ii) 2931 10%10%10% 10% 10% 10% (454,672) 731,407 135 (333) 104 (123) 100
6. b. % 811,248 811,248 811,248 18,160 18,160 18,160 828 828 828 2.54% 781,743 2,666,094 1,205,530 2,561,288 7,214,655 6,945,072 1,611,979 2,666,094 1,205,530 2,561,288 8,044,891 7,775,308 % 880,236 880,236 880,236 6,668 6,668 6,668 2.03% 926,092 3,774,793 1,680,038 2,516,556 8,897,479 8,618,687 1,812,996 3,774,793 1,680,038 2,516,556 9,784,383 9,505,591 101
6. c. 2,876,000 7. 5,880,746 7,324,517 510,419 869,199 6,391,165 8,193,716 102
8. 8 5,880,746 510,419 6,391,165 6,391,165 86,254 86,254 (86,254) 5,967,000 510,419 6,477,419 (86,254) 6,391,165 (3,934) (16,835) (20,769) (20,769) 22,121 (73,930) 1,518 1,398 (177,673) (247,335) 103
8. 7,324,517 869,199 8,193,716 8,193,716 155,816 4 155,820 (155,820) 7,480,333 869,203 8,349,536 (155,820) 8,193,716 1,289,704 22,828 1,312,532 1,312,532 27,787 (65,436) 4,183 193 (188,151) 1,091,108 3 104
8. (35,021) (569) (6,030) (41,620) (55,613) (32) (628) (56,273) 863,907 25,103 10,592 899,602 2,902 120 149 3,171 13,257 27,663 957 41,877 197,357 171,290 368,647 391,965 14,173 9,208 415,346 (34,856) (330) (11,011) (46,197) (74,471) (479) (1,306) (76,256) 941,114 27,068 9,900 978,082 892 454 1,346 9,988 22,160 (174) 31,974 11,834 (1,393) 10,441 681,023 19,101 9,791 709,915 10% 105
9. 43 56,273 76,256 10,321 9,612 4,883 13,534 41,620 46,197 2,654 5,879 7,440 9,572 5,737 128,548 161,430 5,502,000 5,554,000 10. (368,647) (10,441) (41,877) (31,974) (3,171) (1,346) (5,050) 23 (861) (4) (419,610) (43,761) 11. 180,032 195,249 (2,359) (7,098) 177,673 188,151 2.89% 1.54% 106
12. 77,502 283,278 14,303 5,314 3,004 (5,337) 32 (49,434) (5,127) 45,375 278,128 15% 25% 15% 25% [2011] 58 15%15% 107
12. (247,335) 1,091,108 25%25% (61,834) 272,777 49,901 8,970 23,712 21,214 (380) (1,046) (350) (48) 17,087 (33,295) 3,004 (5,337) 5,314 9,285 8,921 5,608 45,375 278,128 25% 32 13. 852,881 934,710 23,579 19,295 18,044 18,622 5,098 5,455 899,602 978,082 4,129 4,845 14(a) 370,855 362,953 30,954 25,567 401,809 388,520 5,434,903 6,282,321 35,070 41,283 108
14. (a) A) 258 120 378 B) 192 192 192 192 204 204 324 898 1,222 330 888 1,218 330 1,268 1,598 C) 40 40 240 240 140 140 180 180 180 180 60 60 2,670 3,174 5,844 109
14. (a) A) 306 117 423 B) 190 190 329 564 893 348 48 396 311 473 784 276 535 811 323 1,366 1,689 C) 240 240 180 180 240 240 240 240 2,983 3,103 6,086 110
14. (b) (a) 2,518 4,669 1,000,001 1,500,000 2 1,500,001 2,000,000 2 2 15. 15 15 235,028 233,438 5 1578,342,550 235,027,650 111
16. (299,123) 790,313 (299,123) 790,313 1,566,851 1,559,648 1,816 1,566,851 1,561,464 112
17. 3,108,410 9,772,387 335,110 505,224 2,046 995,758 14,718,935 32,051 97,871 1,894 14,084 559,550 705,450 37 580,968 691,575 2,108 4,431 9,094 1,288,176 (2,258) (2,011) (2,997) (32,455) (1,863) (41,584) 395,492 768,590 12,141 12,103 (1,188,326) 4,114,663 11,328,412 348,256 503,387 2,046 374,213 16,670,977 10,614 91,058 14,989 12,854 272,901 402,416 (1,356) (7,967) (3,199) (37,780) (50,302) 36,140 236,213 4,609 5,394 (282,356) (26,000) (26,000) 21,854 6,370 (793) (26,828) (603) 4,155,915 11,654,086 363,862 457,027 1,443 364,758 16,997,091 515,419 3,390,095 239,459 259,346 668 4,404,987 124,834 744,008 24,789 41,071 8 934,710 (632) (1,562) (2,439) (28,881) (33,514) 639,621 4,132,541 261,809 271,536 676 5,306,183 121,124 677,498 21,370 32,713 176 852,881 (385) (4,769) (2,759) (33,594) (41,507) 4,361 2,461 (1,362) (5,460) 764,721 4,807,731 279,058 265,195 852 6,117,557 3,391,194 6,846,355 84,804 191,832 591 364,758 10,879,534 3,475,042 7,195,871 86,447 231,851 1,370 374,213 11,364,794 26,000,000 22,400,000 3,600,000 113
17. 20 35 10 20 5 15 5 15 5 18. 280,427 477 37 81,908 362,812 8,402 371,214 78,072 18,622 96,694 18,044 114,738 256,476 266,118 114
19. 640,879 663,148 20,150 18,118 661,029 681,266 175,546,000 188,765,000 20. 22,400 (1,450) 20,950 DTZ Debenham Tie Leung Real Estate Appraiser OfficeDTZDTZ Taiwan Institute of Surveyors 115
20. 33,560 21. 693,000 138,759 37 554,241 693,000 693,000 138,759 138,759 554,241 554,241 693,000 693,000 116
21. 55 10.81%10.46%5 5 2.6%3.3% 55 10.79%10.78%5 5 1.7%2.8% 117
22. 779 18,310 9,781 28,870 1,906 1,906 37 1,469 908 2,377 779 19,779 12,595 33,153 1,186 1,186 (35) (35) 779 19,779 13,746 34,304 779 12,817 5,548 19,144 3,858 1,597 5,455 779 16,675 7,145 24,599 2,125 2,973 5,098 (31) (31) 779 18,800 10,087 29,666 979 3,659 4,638 3,104 5,450 8,554 1 / 2 5 5 118
23. 59,059 59,059 16,147 16,554 10 (861) 74,345 75,613 50% 50% 50% 50% 40% 40% 40% 40% 35,194 38,482 64,421 69,892 (17,338) (28,941) (10,000) (10,000) 119
23. 12,323 12,437 (6,620) (16,970) (10,000) (10,000) 82,465 104,023 6,695 9,191 1,925 1,570 5,505 5,176 99 155 1,335 1,779 2,461 3,211 72,277 69,433 50% 50% 36,139 34,717 120
23. 16,648 3,670 43,320 25,493 (43,788) (8,410) 3,957 78 (37,997) 1,931 (4,573) (1,033) 2,704 241 (317) 121
23. 16,180 20,753 40% 40% 32,595 32,595 (861) 38,206 40,896 40% 40,037,701 24. 12,000 12,000 5,711 5,113 17,711 17,113 40% 40% 40% 40% 122
24. 71,346 53,824 3,296 5,779 (30,365) (16,821) 67,770 69,297 3,494 483 800 44,277 42,782 40% 40% 17,711 17,113 25. 350,869 378,618 207,560 385,348 99,798 123,388 82,554 78,981 740,781 966,335 123
26. 1,328,696 1,502,968 (139,676) (101,156) 1,189,020 1,401,812 1,058,108 1,284,071 2,247,128 2,685,883 53,269 49,332 (2,332) (2,332) 50,937 47,000 2,298,065 2,732,883 152,484 176,156 15,584 12,389 2,012 12,313 42,068 106,101 2,510,213 3,039,842 30 90180 365 0 90 387,970 520,293 98,071 228,882 486,041 749,175 91 180 159,863 167,207 75,249 182,215 235,112 349,422 181 365 51,287 59,273 168,915 196,944 220,202 256,217 365 140,012 9,397 107,653 37,601 247,665 46,998 739,132 756,170 449,888 645,642 1,189,020 1,401,812 0 90 704,668 917,048 16,567 13,579 721,235 930,627 91 180 331,443 349,294 4,530 3,200 335,973 352,494 181 365 900 950 900 950 1,037,011 1,267,292 21,097 16,779 1,058,108 1,284,071 124
26. 74%93% 201,158,00076,138,000 107,653,000 37,601,000 91 180 9,859 7,468 9,859 7,468 181 365 51,287 59,273 51,287 59,273 365 140,012 9,397 107,653 37,601 247,665 46,998 201,158 76,138 107,653 37,601 308,811 113,739 2,332 2,332 101,156 69,182 45,766 41,268 (3,889) (3,357) (9,294) 2,332 2,332 139,676 101,156 125
27. (a) 7,247 90 (b) 1 11,058 2 25,000 36,058 1 90 2 (c) 18,160 6,668 90 (d) 828 45 126
27. (e) 414,727 396,633 42,208 40,367 456,935 437,000 68,000,000 63,867,000391,421,000 28.79%(i) (ii) (iii) 30,000,000 38,000,00063,867,000 396,633,000(i) 30,000,000 38,000,000 (ii) 38,000,000 34,200,000222,081,000(i) 38,000,000 (ii) 31,127,104205,000,000 30,000,000 29,667,000192,646,000 (i) 30,000,000 (ii) 205,000,000 (i)205,000,000 (ii) 127
27. (e) 6,500,000 6,500,00040,367,000 (i) 6,500,000 (ii)(iii) 6,500,000 6,500,00042,208,000(i) 6,500,000(ii) (iii) 28. 2,876 31 35,000,000 1.75% 2,876,000 3,424,000 128
29. 0.01% 1.35% 0.01% 3.82% 483,635,000 1,339,512,000654,587,000 1,028,634,000 (Jiangxi Mine Environmental Management and Ecological Restoration Margin Interim Measures) 29,106,000 25,840,000 4,366,000 18,347,000 58,671 1,369,621 1,350 23,625 1,265 511 129
30. 529,543 525,649 90,929 85,970 99,646 98,206 58,898 69,420 14,626 25,379 46,634 62,890 25,514 111,908 17,692 46,301 37 90,690 90,690 67,791 85,286 1,041,963 1,201,699 0 90 449,018 455,247 91 180 47,006 35,124 181 365 10,295 27,713 365 23,224 7,565 529,543 525,649 30 90 31. 6,945,072 8,618,687 586,000,0002.95% 130
31. 4,611,244 7,743,184 3,379,212 4,804,222 1,161,184 1,447,782 2,404,676 2,366,683 6,945,072 8,618,687 (3,379,212) (4,804,222) 3,565,860 3,814,465 6,945,072 90% 100% 0.6% 2.6% 8,618,687 90% 100% 0.5% 3.5% 6,945,072 8,618,687 1.13% 6.00%0.79% 6.00% 131
32. (10,942) (3,011) 17,518 3,293 (7,280) 8,745 8,323 37 (11,523) (11,523) 5,314 5,314 2,786 220 882 1,395 (5,608) 138 (187) (19,679) (2,791) 18,400 4,688 (7,574) 8,883 1,927 14,303 14,303 1,343 222 8,003 34,240 (8,921) 244 35,131 (18,336) (2,569) 26,403 38,928 (2,192) 9,127 51,361 72,531 29,766 (21,170) (27,839) 51,361 1,927 132
32. 242,001,000 83,786,000 155,712,000 18,753,000 86,289,000 65,010,000 3,194,0005,710,00022,101,000 48,512,000162,484,000 48,408,000 171,182,000 4,335,077,000 4,234,920,000 25,885,000 23,040,000 12,998,000 11,504,000 133
33. a 10,380 12,380 b 17,573 30,573 27,953 42,953 (27,953) (20,573) 22,380 a. (i) 8,000,000 2,000,000 2,000,000 2,000,000 a. (ii) 20,000,000 50% 2,000,000 2,000,000 4,400,000 6,400,000 1,500,000 3,500,000 134
33. a. (iii) 8,000,000 2,000,000 4,000,000 4,000,000 b. (i) 10,000,000 10,000,000 25,000,000 17,000,000 13,000,000 4,000,000 11,000,000 17,000,000 30,000,000 (ii) Oriental Industrial Holdings Pte., Ltd.Oriental OrientalOriental 670,000 570,000 570,000 135
34. a 6,156 9,164 b 28,000 30,000 34,156 39,164 (5,099) (7,300) 29,057 31,864 a. 20,000,000 20 1,500,000500,000 3 2 3,000,000 2,600,000 6,200,000 9,200,000 b. 30,000,000 13,000,000 2,000,000 2020 28,000,000 30,000,000 35. 13,212 5,002 18,214 136
36. 0.1 10,000,000,000 1,000,000 1,556,250,000 155,625 139,549 40 10,601,000 1,060 841 1,566,851,000 156,685 140,390 37. 968,148,000 100% a. (%) 100% 968,148 137
37. b. 270,624 164,435 89,393 1,288,176 2,377 96,300 81,908 (1,164,889) (203,790) (9,104) (190,000) (11,523) 413,907 c. 968,148 (413,907) 554,241 d. 968,148 (270,624) 697,524 30 (90,690) 606,834 138
37. e. 87,000,000 543,000,000 8,458,000,000 820,000,000 1) 2) 38. 29,971 35,983 3,099 5,300 33,070 41,283 139
38. 24,955 39,014 79,644 82,429 592,308 696,827 696,907 818,270 1 20 5,879,000 7,440,000 6,946 4,391 4,633 8,163 11,579 12,554 140
39. 78,759 182,658 12,827 70,259 1,108 500,000 500,000 592,694 752,917 FEPHL (i) (ii) (iii)25% 500,000,000 40% 40. (a) 11,578,000 0.7% 26,202,00023,549,000 10,601,000977,000 141
40. (b) (i) (ii) (iii) 10 41. 30,954,00025,567,000 1,057,000 972,000 42. 27 82,934 101,047 9,304 11,110 56,072 142
42. 5,844 6,086 5,844 6,086 43. a 14,842 39,157 b 36,117 34,040 c 5,314 3,059 56,273 76,256 a. 20% b. 20% 30% c. 143
44. (a) *Perfect Industrial Holdings Pte., Ltd. 9,287,201 100% 100% 100% 100% Oriental Industrial Holdings Pte., Ltd. 764,262,651 99.99% 99.99% 100% 100% Asia Continent Investment Holdings Pte., Ltd. 288,846,900 99.99% 99.99% 100% 100% 2 15,000,000 99.99% 99.99% 100% 100% 1 356,104,433 94.99% 94.99% 92% 91% 2 36,140,000 99.99% 99.99% 100% 100% 1 12,500,000 97.39% 97.39% 100% 100% 1 21,000,000 99.99% 99.99% 100% 100% 2 130,407,000 99.99% 99.99% 100% 100% 1 60,000,000 94.99% 94.99% 100% 100% 144
44. (a) 1 90,000,000 72.49% 72.49% 75% 78% 2 154,800,000 99.99% 99.99% 100% 100% 2 368,340,000 99.99% 99.99% 100% 100% 2 4,100,000 99.99% 99.99% 100% 100% 1 86,170,000 99.99% 99.99% 100% 100% 2 13,000,000 99.99% 99.99% 100% 100% 2 3,500,000 99.99% 99.99% 100% 100% 2 35,530,000 99.99% 99.99% 100% 100% 145
44. (a) 2 3,300,000 99.99% 99.99% 100% 100% 2 60,000,000 99.99% 99.99% 100% 100% 3 44c 90,000,000 89.99% 89.99% 83% 83% 2 16,000,000 99.99% 99.99% 100% 100% 2 600,000,000 99.99% 99.99% 100% 100% 2 20,000,000 99.99% 99.99% 100% 100% 1 2 3 * 146
44. (b) 5.01% 5.01% 8% 9% 2,761 15,852 195,452 199,162 3,652 6,815 76,132 75,355 6,413 22,667 271,584 274,517 1,414,041 1,959,381 4,063,920 4,323,619 (1,553,084) (2,128,101) (15,839) (171,665) 3,713,195 3,784,072 195,843 199,162 2,562,078 3,037,764 (2,506,972) (2,721,363) 55,106 316,401 52,345 300,549 2,761 15,852 6,478 6,264 633,317 411,186 326,481 (993,521) (986,196) 23,777 (26,397) (558,558) 147
45. 11,000,000 33b (i) 46. 7,731,182 7,608,232 1,928,261 2,935,089 52,773 877,734 357 2,093 9,712,573 11,423,148 4,878,180 6,303,898 2,876 11,318 14,019 4,889,498 6,320,793 4,823,075 5,102,355 36 140,390 140,390 4,682,685 4,961,965 4,823,075 5,102,355 148
46. 3,376,570 2,073,316 22,639 (6,300) 379 (327,366) 5,139,238 18,613 18,613 3,424 (379) 3,045 3,424 (379) 18,613 21,658 55,236 (20,729) 34,507 (1,910) 1,910 15 (233,438) (233,438) 3,431,806 2,073,316 (2,876) (540,281) 4,961,965 (47,128) (47,128) 2,876 2,876 2,876 (47,128) (44,252) 15 (235,028) (235,028) 3,431,806 2,073,316 (822,437) 4,682,685 149
8,206,833 6,684,149 7,330,818 8,193,716 6,391,165 1,742,141 508,927 1,109,024 1,091,108 (247,335) (352,746) (102,321) (262,720) (278,128) (45,375) 1,389,395 406,606 846,304 812,980 (292,710) 1,340,836 395,123 823,010 790,313 (299,123) 48,559 11,483 23,294 22,667 6,413 1,389,395 406,606 846,304 812,980 (292,710) 16,122,366 15,648,964 17,361,715 20,022,989 17,627,180 7,398,733 6,765,284 7,883,892 9,917,855 8,056,254 8,723,633 8,883,680 9,477,823 10,105,134 9,570,926 8,473,035 8,601,209 9,235,349 9,830,617 9,299,342 250,598 282,471 242,474 274,517 271,584 8,723,633 8,883,680 9,477,823 10,105,134 9,570,926 150