新豐泰集團控股有限公司 於開曼群島註冊成立之有限公司 股份代號 年報 Sunfonda Group Holdings Limited 新豐泰集團控股有限公司 Sunfonda Group Holdings Limited 2014 Sunfonda Group Holdings Limited 新豐泰集團控股有限公司 Annual Report 2014 Annual Report 2014 年報
目 錄 2 4 6 9 27 33 46 59 61 62 63 65 66 68 69 134 1 2014
公 司 資 料 Sunfonda Group Holdings Limited (852) 2857 7101 (852) 2857 7103 www.sunfonda.com.cn ir@dlkadvisory.com 255-257 22 3 2014 2
公 司 資 料 Floor 4, Willow House, Cricket Square P.O. Box 2804, Grand Cayman KY1-1112 Cayman Islands 183 17 1712-1716 181 27 1 20 1 22 1 81 1 01771 www.sunfonda.com.cn 27 3 2014
財 務 摘 要 2014 12 31 20136.0%7,879.5 2014 12 31 20135.8%607.1 2014 12 3120136.4%737.4 2013 12 3144.4%2014 12 3145.2% 2014 12 31 20137.1%172.4 2014 12 310.32 0.063 2014 4
財 務 摘 要 18,000 16,000 14,000 12,000 7.4% 6.9% 17,013 15,834 14,810 700-5.9% 10 14.8% 645 607 9 600 562 8.7% 8 7.8% 500 7.7% 7 10,000 400 6 8,000 6,000 4,000 2,000 300 200 100 5 4 3 2 1 0 2012 2013 2014 0 2012 2013 2014 0 9,000 6.0% 8,000 3.2% 7,880 7,000 7,205 7,433 200 32.9% -7.5% 180 186 172 160 6,000 140 140 5,000 120 4,000 100 80 3,000 60 2,000 40 1,000 20 0 2012 2013 2014 0 2012 2013 2014 5 2014
董 事 長 致 辭 2014 12 31 2014GDP 7.4% 20142,372.29 2,349.19 7.3% 6.9%1,9709.9% 2014 2014 5 15 2014 2014 12 317,879.520137,432.7 6.0% 607.12013644.85.8% 172.72013185.67.0%0.32 0.09 2014 6
董 事 長 致 辭 201417,013 7.4%274.0 18.7%737.4333.1 6.4% 8.3% 2014 20144S 1 3S 2 7113S1 4S14S 1 4S 1 4S3S 2014 20144 261 96% 1 2 7 2014
董 事 長 致 辭 2014 2015 3 27 2014 8
管 理 層 討 論 與 分 析 2014(GDP) 63.6 7.4% 7.4% 7.5% 7.3% 7.3% 2014(CPI)2% 2013 0.6 3.5%2010 2014 20142,372.29 2,349.19 7.3% 6.9% 1,992 1,970 10.2% 9.9% 2014 605.2916.33% 3,675.65 26.03%351.4315.25%2,264.21 2014 7.52013 324% 4.5208%3878% 9 2014
管 理 層 討 論 與 分 析 2014 201326.8%2014 4.69 57.89 46.3 0.94 0.267 7.4 7.6 8.1 25.4% 17.7% 25% 148% 24% 47% 4%2013 2.4% 2014 (GDP) 9.7% 8.9% 8.0% 9.2% 20148.7% 2014 10
管 理 層 討 論 與 分 析 20142015 2014 2014 2014 2014 2014 17,013 2013 7.4% 11 2014
管 理 層 討 論 與 分 析 7,142.1274.020136.0% 18.7% 2014 2014 20142013 7.4% 17,013 2013 15.8% 15,4622014 7,142.12013 6.0%2014 2014 2014 2014 12
管 理 層 討 論 與 分 析 2014737.42013 6.4% 45.2%2013 0.8% 176,875 2013 3.9% 2014 O2O 1 B2B 2 2014 1 O2O Online to Offline 2 B2B Business to BusinessB2B 13 2014
管 理 層 討 論 與 分 析 2014 8 11 431 261722 2014 1 2015 7 2014 12 31 2014 2015 5 6 2014 14
管 理 層 討 論 與 分 析 2015 2015 2014 12 3126 4S 2014 15 2014
管 理 層 討 論 與 分 析 2014 2014 12 31 7,879.52013 446.8 6.0%7,142.12013 402.7 6.0%737.42013 44.16.4% 2014 12 3190.6% 201390.7% 2014 12 319.4% 2013 9.3% 2014 16
管 理 層 討 論 與 分 析 12 31 2014 2013 6,892,044 15,462 445.7 6,308,165 13,352 472.5 250,092 1,551 161.2 431,200 2,482 173.7 7,142,136 17,013 419.8 6,739,365 15,834 425.6 737,392 693,334 7,879,528 7,432,699 2014 12 31 7,272.42013 484.5 7.1%2014 12 316,868.1 2013 465.97.3%2014 12 31 404.32013 18.64.8% 2014 12 31 607.12013 37.7 5.8% 274.02013 63.2 18.7% 333.12013 25.58.3% 2014 12 3154.9% 201347.7% 17 2014
管 理 層 討 論 與 分 析 2014 12 317.7% 20138.7%3.8% 2013 5.0% 45.2% 201344.4% 2014 12 31 201.52013 12 31 93.9114.6% 70.4 2014 12 31 249.52013 12 31 213.317.0% 2013 12 312.9%2014 3.2% 2014 12 31 186.62013 12 31 152.3 22.5% (1) 201415.1 (2)2014 2013 12 312.0%20142.4% 2014 18
管 理 層 討 論 與 分 析 2014 12 31 138.62013 12 31 124.611.2%2013 12 31 1,668.92014 12 311,837.8 2014 12 31233.82013 12 31 248.66.0% 2014 12 3161.12013 12 31 63.03.0% 2014 12 3126.1% 2014 12 31 172.72013 12 31 185.67.0% 2014 12 31 172.42013 12 31 185.67.1% 19 2014
管 理 層 討 論 與 分 析 2014 12 3176.62013 12 31 403.2 2014 12 3127.12013 12 31 357.7 228.8 2014 12 31387.92013 12 31 78.9 2014 5377.0 31.2 2014 12 31439.1 2013 12 31 75.42014 5 377.0228.8 2014 12 31 1,083.7 2013 12 31730.648.3% 2014 20
管 理 層 討 論 與 分 析 2014 360 44.9 201339.3 2014 12 31 1,837.8 2013 12 31 1,668.910.1% 12 31 2014 2013 % % 4.2-7.8 1,630,586 5.9-8.5 1,442,427 6.5-7.0 121,257 6.5-7.8 81,247 1,751,843 1,523,674 6.7-7.4 86,000 7.0-8.7 145,188 1,837,843 1,668,862 930,558 734,803 906,653 907,285 27,406 1,837,843 1,668,862 2014 12 31116.5% 21 2014
管 理 層 討 論 與 分 析 2014 12 312014 12 31 (i) 325.8(ii) 252.1 (iii) 91.2 (iv)64.0 2014 12 31 196.5252.1 2014 12 31 432.62013 12 31 502.2 69.6 2014 12 31 2013 12 31 137.626.2% 2014 12 31 173.720132014 2014 22
管 理 層 討 論 與 分 析 2014 2015 2011 2015 2015 2,7001.6 23 2014
管 理 層 討 論 與 分 析 2015 2014 2015 1 2 2014 24
管 理 層 討 論 與 分 析 2015 2015 2015 4S B2B B2C 1 O2O 1 B2C Business to Customers 25 2014
管 理 層 討 論 與 分 析 2015 2014 26
董 事 高 級 管 理 層 和 秘 書 簡 歷 53 2011 1 13 2000 11 1997 4 1986 71992 12 1993 81997 3 2002 9 1986 7Golden Speed Enterprises LimitedGolden Speed Top Wheel LimitedTop WheelGolden Speed 51 2011 1 13 2000 11 1997 4 1986 7Win Force Enterprises LimitedWin Force Top Wheel Win Force 27 2014
董 事 高 級 管 理 層 和 秘 書 簡 歷 40 2012 6 112011 10 Grand Forever Enterprises Limited2010 92011 9 01728 2005 62010 8 2009Mini 2010 1 20 1996 72008 2 50 2014 11 202012 1 1 2001 10 2009 3 2006 92009 32001 102006 9 1989 72001 6 1989 7 2014 28
董 事 高 級 管 理 層 和 秘 書 簡 歷 52 2011 4 21 2009 9 02888 STAN STAN 2008 112010 1 000659 2008 72009 7 CVC 2005 112008 7 2004 42005 111993 4 2001 102004 1 19861992 51 2012 6 19 2000 7 2004 42005 9 2011 9 1995 101998 1 600846 1997 2 1997 4 1997 52005 6 2001 102007 6 29 2014
董 事 高 級 管 理 層 和 秘 書 簡 歷 6008222007 22008 10 08206 1987 71990 12 1995 7 46 2012 6 19 2005 1 2003 92005 10 2001 72003 9 2001 22001 7 1997 92001 2 1993 91997 9 1991 71993 9 1991 7 2000 7 2014 30
董 事 高 級 管 理 層 和 秘 書 簡 歷 60 2014 1 18 2011 2 03788 2011 12013 2 2010 22010 8 2005 82009 5 000112005 8 1975 1976 47 2012 10 16 2010 82012 10 2005 82010 4 1996 42005 7 20012005 1992 2004 9 31 2014
董 事 高 級 管 理 層 和 秘 書 簡 歷 2008 9 1997 5 42 2012 1 1 2003 10 1995 122003 101995 7 48 2014 8 13 1990 71997 121998 12000 2 2000 32004 2 2004 42005 10 4S 2005 122014 6 1990 7 33 2014 1 18 10 (Oxford Brookes University) 2014 32
企 業 管 治 報 告 2014 5 15 14 2014 12 31 33 2014
企 業 管 治 報 告 27 31 3.13 2014 34
企 業 管 治 報 告 4 2014 6 30 2014 (%) 4/4 100% 4/4 100% 4/4 100% 1 1/1 100% 2 2/3 67% 4/4 100% 3/4 75% 4/4 100% 4/4 100% 1. 2014 11 202014 12 31 1 2. 2014 11 203 35 2014
企 業 管 治 報 告 2015 2015 2015 2014 36
企 業 管 治 報 告 2014 12 31 37 2014
企 業 管 治 報 告 A.2.1 2014 38
企 業 管 治 報 告 3.2114 (%) 2/2 100% 2/2 100% 2/2 100% 39 2014
企 業 管 治 報 告 2014 6 30 3.2514 (%) 1/1 100% 1/1 100% 1/1 100% 2014 40
企 業 管 治 報 告 B.1.5 2014 12 31 500,000-750,000 2 750,001-1,000,000 1 2014 12 31 8 14 41 2014
企 業 管 治 報 告 (%) 1/1 100% 1/1 100% 1/1 100% 1/1 100% 10 2014 42
企 業 管 治 報 告 2014 12 31 59 60 2014 12 31 2014 12 31 2,100,000 2,100,000 43 2014
企 業 管 治 報 告 www.sunfonda.com.cn 18317 1712-1716 (852) 2862-8628 (852) 2865-0990 (852) 2529-6087 www.computershare.com.hk 2014 44
企 業 管 治 報 告 (1) 12.3 (2) 16.4 45 2014
董 事 會 報 告 2014 12 31 (i) (ii) (iii) a. b. c. a. b. c. d. 2014 12 3161 64 68 2014 12 31 0.063 29.82015 5 292015 2014 46
董 事 會 報 告 20152015 6 242015 6 102015 6 82015 6 10 2015 6 5 18317 1712 1716 20152015 5 29 2015 2015 5 272015 5 29 2015 2015 5 26 18317 1712 1716 14 100,0001,000,000,0000.0001 30 32 32 47 2014
董 事 會 報 告 42 2014 12 31376.9 30 2014 12 31 2014 12 31 2014 4 30 20142014 30% 10% 2014 2014 98.3% 38.9% 5% 2014 48
董 事 會 報 告 2014 12 3125 2014 11 20 2014 11 20 2014 1 18 2015 2015 27 32 49 2014
董 事 會 報 告 (1) 2014 5 152014 11 20 2017 5 14(2) 2015 8 9 28 2014 12 31 2014 50
董 事 會 報 告 2014 12 31571 XV(a)XV78 (b)352 (c) 10 (A) * 1 360,000,000 60.00% 1 360,000,000 60.00% 2 200,000 0.03% 3 100,000 0.02% (1) Top Wheel351,000,000Westernrobust Company LimitedWesternrobust9,000,000 Top WheelGolden Speed70%Win Force30%Golden SpeedWin Force Top WheelGolden Speed Win ForceXV Top Wheel 351,000,000 Westernrobust2014 1 8 Top Wheel Top Wheel Westernrobust 9,000,000 Top WheelGolden Speed Win Force XVWesternrobust 9,000,000 (2) 200,000 (3) 100,000 * 2014 12 31 51 2014
董 事 會 報 告 (B) * Golden Speed Enterprises Limited 1 100% 1 100% Top Wheel Limited 14,000 70% 6,000 30% 20,000 100% 6,000 30% 14,000 70% 20,000 100% Golden SpeedGolden Speed Top Wheel 70% Top Wheel30% Win ForceTop Wheel 50%Golden SpeedTop Wheel 50%Top Wheel Golden SpeedXV * 2014 12 31 2014 12 31 XVXV7 8 352 2014 52
董 事 會 報 告 2014 12 315%336 * Top Wheel Limited 1 351,000,000 58.50% 1 9,000,000 1.50% 360,000,000 60.00% Win Force Enterprises Limited 1 360,000,000 60.00% Golden Speed Enterprises Limited 1 360,000,000 60.00% 2 90,000,000 15.00% (1) Top Wheel Win Force Golden Speed (2) Standard Chartered Holdings Limited Standard Chartered Bank SCMB Overseas Limited Standard Chartered Holdings (International) B.V. Standard Chartered M.B. Holdings B.V. Standard Chartered Private Equity Limited Standard Chartered Private Equity (Mauritius) III Limited Standard Chartered Private Equity (Mauritius) III Limited * 2014 12 31 53 2014
董 事 會 報 告 2014 12 31 336 2014 12 31 2014 1 18 2014 5 15 12 1% 12 2014 54
董 事 會 報 告 0.1% 5,000,000 1 (i)(ii) (iii) 31(b) 60,000,00010% 2014 1 8 Cantrust (Far East) Limited 9,000,000 2014 12 31 2,520,000 31(a) 55 2014
董 事 會 報 告 2014 12 31 28 33 45 25% 2014 12 31 2014 12 312014 12 31 2014 12 31Golden Speed Enterprises Limited Win Force Enterprises Limited Top Wheel Limited 2014 56
董 事 會 報 告 2014 12 31 3914A 14A14A 2014 2 24 14A 2017 5 15 2014 12 3161,000,0001102014 12 3183 42.6 39 57 2014
董 事 會 報 告 (i) (ii)(iii) 2015 2015 3 27 2014 58
61 133 2014 12 31 59 2014
2014 12 31 2015 3 27 2014 60
2014 12 31 2014 2013 5(a) 7,879,528 7,432,699. 6(b) (7,272,444) (6,787,872) 607,084 644,827 5(b) 201,468 93,901 (249,460) (213,292) (186,624) (152,270) 372,468 373,166 7 (138,642) (124,584) 6 233,826 248,582 10 (61,096) (62,969) 172,730 185,613 11 172,370 185,636 360 (23) 172,730 185,613 13 0.32 0.41 12 61 2014
2014 12 31 2014 2013 172,730 185,613 (5,025) 1,441 (5,025) 1,441 167,705 187,054 11 167,345 187,077 360 (23) 167,705 187,054 2014 62
2014 12 31 2014 2013 14 887,863 694,976 15 201,196 407,814 16 4,097 4,239 17 121,305 132,841 29 14,691 16,816 1,229,152 1,256,686 18 1,083,657 730,594 19 41,854 50,841 20 601,558 565,303 39(b)(i) 16,430 6,371 21 20,000 22 316,090 292,209 23 35,472 33,240 24 886,966 451,930 3,002,027 2,130,488 25 1,751,843 1,523,674 26 518,445 444,792 27 259,357 190,355 39(b)(ii) 7,684 33,267 39,400 2,562,912 2,205,905 439,115 (75,417) 1,668,267 1,181,269 63 2014
2014 12 31 2014 2013 25 86,000 145,188 1,582,267 1,036,081 30 377 285 32 1,546,734 1,030,819 12 29,819 1,576,930 1,031,104 5,337 4,977 1,582,267 1,036,081 2014 64
2014 12 31 * * * * * * * 2014 1 1 285 125,420 51,664 157,947 9,791 685,997 1,031,104 4,977 1,036,081 172,370 172,370 360 172,730 (5,025) (5,025) (5,025) (5,025) 172,370 167,345 360 167,705 3,857 (3,857) 30 92 376,877 376,969 376,969 2014 12 (29,819) 29,819 31 1,512 1,512 1,512 2014 12 31 377 347,058 125,420 55,521 157,947 1,512 4,766 854,510 29,819 1,576,930 5,337 1,582,267 * * * * * 2013 1 1 285 125,420 41,033 157,947 8,350 510,992 844,027 844,027 185,636 185,636 (23) 185,613 1,441 1,441 1,441 1,441 185,636 187,077 (23) 187,054 3,000 3,000 2,000 2,000 10,631 (10,631) 2013 12 31 285 125,420 51,664 157,947 9,791 685,997 1,031,104 4,977 1,036,081 * 1,546,734,00020131,030,819,000 65 2014
2014 12 31 2014 2013 233,826 248,582 14 94,993 72,989 15 7,724 9,168 16 639 577 5(b) (7,164) (3,260) 5(b) 13,896 2,040 430 6(a) 1,512 5(b) (9,311) 7 138,642 124,584 33 (70,448) (4,704) 404,739 449,976 (23,881) 108,785 (2,232) (14,696) 8,987 (4,500) (38,619) 54,929 (10,059) 2,129 (353,493) 5,191 73,653 (117,418) 84,471 (20,243) 143,566 464,153 (66,963) (60,998) 76,603 403,155 2014 66
2014 12 31 2014 2013 (431,454) (353,560) 104,810 118,348 (643) (148,278) 10,000 (497) (328) (20,000) 7,164 3,260 33 74,689 22,834 33 228,810 (27,121) (357,724) 4,636,091 4,113,195 (4,467,110) (3,912,959) 430,600 (53,631) 2,000 945 (10,329) 3,800 (147,687) (128,123) 387,934 78,858 437,416 124,289 451,930 328,741 (2,380) (1,100) 886,966 451,930 67 2014
2014 12 31 2014 2013 41 307,579 312,040 307,579 312,040 24 379,098 175 379,098 175 27 1,788 1,788 377,310 175 684,889 312,215 684,889 312,215 30 377 285 32(iv) 654,693 311,930 12 29,819 684,889 312,215 2014 68
2014 12 31 1. 2011 1 13 Floor 4, Willow House, Cricket Square, P.O. Box 2804, Grand Cayman KY1-1112, Cayman Islands2014 5 15 Golden Speed Enterprises Limited 2.1 622 11 76 879 32 2014 12 31 69 2014
2014 12 31 2.1 (i) (ii) (iii)(i)(ii) (iii) 2.2 10 12 272011 32 36 39 21 2 20102012 3 20102012 13 20102012 1 20112013 1 1 1 2014 7 1 2014 70
2014 12 31 2.3 9 4 10 2 282011 11 2 14 5 15 3 16 2 38 16 2 41 19 1 272011 2 10 2 12 28 1 2 20102012 1 20112013 1 20122014 2 1 2014 7 1 2 2016 1 1 3 2017 1 1 4 2018 1 1 5 2016 1 1 6222015 12 31 2014 99 39 9 2018 1 1 9 9 71 2014
2014 12 31 2.3 10282011 10 282011 2016 1 1 11 3 11 2016 1 1 15 15 15 2017 1 11515 2014 72
2014 12 31 2.3 1638 1638 2016 1 1 2014 1 20102012 2.2 2015 1 1 8 8 1 2016 1 11 1 73 2014
2014 12 31 2.4 (a) (b) (c) 5 2014 74
2014 12 31 2.4 75 2014
2014 12 31 2.4 2014 76
2014 12 31 2.4 (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) 77 2014
2014 12 31 2.4 20 5% 5 5 10 5% 3 5 5% 4 5 5% 2014 78
2014 12 31 2.4 5 79 2014
2014 12 31 2.4 40 70 2014 80
2014 12 31 2.4 (a)(b) 81 2014
2014 12 31 2.4 (a) (b) 2014 82
2014 12 31 2.4 83 2014
2014 12 31 2.4 2014 84
2014 12 31 2.4 85 2014
2014 12 31 2.4 2014 86
2014 12 31 2.4 87 2014
2014 12 31 2.4 (a) (b) (c) (d) 2014 88
2014 12 31 2.4 31 89 2014
2014 12 31 2.4 2014 12 31 7.2% 20137.6% 2014 90
2014 12 31 2.4 91 2014
2014 12 31 3. 2014 12 31 14,691,000201316,816,000 50,836,000 2013 29 2014 92
2014 12 31 3. 4. 90% 8 10% 8 93 2014
2014 12 31 5. (a) 2014 2013 7,142,136 6,739,365 737,392 693,334 7,879,528 7,432,699 (b) 2014 2013 87,348 62,922 21,219 20,937 7,164 3,260 15,000 (13,896) (2,040) 9,311 33(a) 70,448 4,704 4,874 4,118 201,468 93,901 2014 94
2014 12 31 6. (a) 8 2014 2013 115,924 90,975 1,512 22,742 19,472 140,178 110,447 (b) 2014 2013 6,868,182 6,402,142 * 404,262 385,730 7,272,444 6,787,872 * 33,492,000201327,190,000 (c) 2014 2013 94,993 72,989 7,724 9,168 639 577 2,100 2,370 55,113 46,258 19,611 16,726 7,153 5,790 24,427 23,480 7,801 6,205 13,896 2,040 (70,448) (4,704) 95 2014
2014 12 31 7. 2014 2013 124,155 102,592 23,532 25,531 (9,045) (3,539) 138,642 124,584 8. 62211 7832 161 2014 12 31 189 10 199 (i) 189 10 199 (ii) 540 84 29 653 (iii) 495 27 522 858 168 34 1,060 2,271 252 110 2,633 200 200 200 200 iv 221 221 621 621 621 2,271 252 110 3,254 2014 96
2014 12 31 8. 2013 12 31 194 10 204 (i) 194 10 204 (iii) 502 23 525 813 34 847 1,703 77 1,780 1,703 77 1,780 (i) (ii) 2014 11 20 (iii) 2014 11 20 (iv) 2014 1 18 31 2013 97 2014
2014 12 31 9. 20138 2014 2013 1,907 1,855 221 78 71 2,206 1,926 2014 2013 1,000,000 2 3 1,000,001 1,500,000 1 1,500,001 2,000,000 3 3 31 10. (a) 2014 2013 60,830 65,554 29 266 (2,585) 61,096 62,969 2014 98
2014 12 31 10. (a) 2011 6 16.5%(201316.5%) 25% (b) 2014 2013 233,826 248,582 (25% 58,456 62,146 (11,113) 37 1,044 1,889 (1,176) 12,709 73 61,096 62,969 99 2014
2014 12 31 11. 2014 12 31 1,735,00020131,969,000 32 iv 12. 2014 2013 6.3 2013 29,819 29,819 13. 2014 12 31 544,520,548 302014 1 8 450,000,0000.00012013 12 31 2014 1 1 2014 1 7450,000,000 2014 100
2014 12 31 13. 2014 2013 172,370,000 185,636,000 2014 2013 544,520,548 450,000,000 0.32 0.41 101 2014
2014 12 31 14. 2014 12 31 2013 12 31 2014 1 1 447,259 39,604 67,063 59,741 167,418 69,919 851,004 (56,854) (2,961) (32,147) (29,667) (34,399) (156,028) 390,405 36,643 34,916 30,074 133,019 69,919 694,976 2014 1 1 390,405 36,643 34,916 30,074 133,019 69,919 694,976 15,086 18,961 33,215 14,098 188,184 150,158 419,702 (1,739) (452) (110) (7,032) (98,702) (10,671) (118,706) 33(a) (13,116) (13,116) (22,812) (7,810) (8,381) (7,717) (48,273) (94,993) 87,611 10,885 1,593 1,792 (101,881) 2014 12 31 468,551 58,227 61,233 31,215 174,228 94,409 887,863 2014 12 31 544,788 68,007 101,741 68,570 223,458 94,409 1,100,973 (76,237) (9,780) (40,508) (37,355) (49,230) (213,110) 468,551 58,227 61,233 31,215 174,228 94,409 887,863 2013 12 31 2012 12 31 2013 1 1 365,188 12,137 65,843 44,713 180,828 29,206 697,915 (41,005) (1,643) (26,554) (23,931) (34,148) (127,281) 324,183 10,494 39,289 20,782 146,680 29,206 570,634 2013 1 1 324,183 10,494 39,289 20,782 146,680 29,206 570,634 33,541 33,499 5,345 18,530 154,995 104,743 350,653 (2,212) (118,176) (120,388) 33(b) (15,193) (5,571) (3,377) (793) (8,000) (32,934) (16,156) (1,779) (6,341) (6,233) (42,480) (72,989) 64,030 (64,030) 2013 12 31 390,405 36,643 34,916 30,074 133,019 69,919 694,976 2013 12 31 447,259 39,604 67,063 59,741 167,418 69,919 851,004 (56,854) (2,961) (32,147) (29,667) (34,399) (156,028) 390,405 36,643 34,916 30,074 133,019 69,919 694,976 2014 102
2014 12 31 14. 2014 12 31 195,766,0002013165,752,000 2014 12 31252,117,0002013149,468,000 25(a) 15. 2014 2013 428,511 166,230 18,874 280,131 33 (223,519) (17,850) 223,866 428,511 20,697 11,752 7,724 9,168 33 (5,751) (223) 22,670 20,697 201,196 407,814 27 66 2014 12 31 91,207,000201385,323,000 ) 25(a) 103 2014
2014 12 31 16. 2014 2013 6,218 5,890 497 328 6,715 6,218 1,979 1,402 639 577 2,618 1,979 4,097 4,239 17. 2014 2013 7,201 8,887 69,072 92,643 45,032 31,311 121,305 132,841 2014 104
2014 12 31 18. 2014 2013 1,005,101 655,677 78,556 74,917 1,083,657 730,594 2014 12 31 325,766,0002013180,457,000 25(a) 2014 12 31 196,456,0002013113,034,000 26 19. 2014 2013 41,854 50,841 105 2014
2014 12 31 19. 2014 2013 33,457 48,116 7,436 2,085 961 640 41,854 50,841 2014 2013 40,893 50,201 961 640 41,854 50,841 20. 2014 2013 346,573 437,897 153,647 77,083 (i) 64,601 21,925 36,737 28,398 601,558 565,303 2014 106
2014 12 31 20. (i) 17% 21. 2014 2013 20,000 2014 12 3120,000,0002013 22. 2014 2013 316,090 292,209 2014 12 3164,000,0002013 25(a) 2014 12 31252,090,0002013 292,209,000 26 107 2014
2014 12 31 23. 2014 2013 35,472 33,240 24. 2014 2013 460,849 451,930 426,117 886,966 451,930 2014 2013 23,379 175 355,719 379,098 175 2014 2013 413,575 412,447 42,220 11,446 430,696 27,501 475 536 886,966 451,930 2014 108
2014 12 31 24. 25. 2014 2013 (%) (%) 4.2-7.8 1,630,586 5.9-8.5 1,442,427 6.5-7.0 121,257 6.5-7.8 81,247 1,751,843 1,523,674 6.7-7.4 86,000 7.0-8.7 145,188 1,837,843 1,668,862 (a) 930,558 734,803 (b) 906,653 907,285 27,406 1,837,843 1,668,862 109 2014
2014 12 31 25. 2014 2013 1,630,586 1,442,427 34,000 74,188 52,000 71,000 1,716,586 1,587,615 121,257 81,247 1,837,843 1,668,862 (a) 2014 12 31 (i) 91,207,000201385,323,000 (ii) 252,117,0002013149,468,000 (iii) 325,766,0002013180,457,000 (iv) 64,000,0002013 (b) 2014 12 31 906,653,000 2014 110
2014 12 31 26. 2014 2013 70,317 42,409 448,128 402,383 518,445 444,792 2014 2013 502,002 436,798 13,399 6,918 2,984 856 60 220 518,445 444,792 2014 12 31 196,456,0002013113,034,000 2014 12 31 252,090,0002013292,209,000 111 2014
2014 12 31 27. 2014 2013. 27,738 24,490 98,903 112,259. 32,931 32,326 1,332 4,617 5,336 70,000 25,168 14,612 259,357 190,355 2014 2013 1,788 1,788 28. 10% 22% 2014 112
2014 12 31 29. 2013 1 1 10,456 4,590 353 675 16,074 10(a) 2,721 324 (353) (107) 2,585 33 b (1,843) (1,843) 2013 12 31 11,334 4,914 568 16,816 10(a) (1,357) 1,164 (73) (266) 33 a (1,859) (1,859) 2014 12 31 8,118 6,078 495 14,691 2014 12 31 50,836,0002013 2008 1 110% 2014 12 31856,174,0002013 714,235,000 113 2014
2014 12 31 30. 2014 0.0001 2013 1 (a) 1,000,000,000 50,000 0.0001 600,000,000 377 2013 1 1 2014 1 1 45,000 45 285 2014 1 8 (a) 449,955,000 2014 5 15 (b) 150,000,000 15 70,190 92 430,508 (8,744) (53,631) 2014 12 31 600,000,000 60 61,446 377 376,877 (a) 2014 1 81,000,000,0000.0001 50,00050,0001.0050,00050,0001.00 100,0001,000,000,000 0.0001Top Wheel Limited450,000,0000.0001 Top Wheel Limited45,0001.0045,000 Top Wheel Limited 450,000,0000.0001 1.00 100,0001,000,000,0000.000145,000 450,000,0000.0001 (b) 2014 5 15150,000,000 0.00013.61 541,500,00070,205,000 430,600,000 2014 114
2014 12 31 31. (a) 2014 4 30 2014 1 8 Top Wheel Limited 2014 4 30 Cantrust (Far East) LimitedTop Wheel Limited 9,000,000 9,000,00025% 75% 2014 5 15 2,020,000 2014 8 21 500,000 115 2014
2014 12 31 31. (a) 2014 12 31480,000 2014 5 154,470,0002.9 2014 8 211,327,0002.65 2014 12 311,512,000 2,040,000 (b) 2014 1 18 2014 4 30 E. 2014 12 31 2014 116
2014 12 31 32. (i) 41 10% 50% (ii) (iii) (iv) 2013 1 1 320,214 219 (69) 320,364 (6,465) (1,969) (8,434) 2013 12 31 2014 1 1 320,214 (6,246) (2,038) 311,930 (2,560) (1,735) (4,295) 376,877 376,877 2014 (29,819) (29,819) 2014 12 31 347,058 320,214 (8,806) (3,773) 654,693 117 2014
2014 12 31 33. (a) 2014 5 Beijing Huitongxinhe Investment Management Co., Ltd. 89,078,000 13,116 217,768 5,664 1,859 2,364 20,888 (236,530)* 25,129 5(b) 70,448 95,577 95,577 (20,888) 74,689 * 228,810,000 228,810,000 2014 118
2014 12 31 33. (b) 2013 6 5,000,000 32,934 17,627 1,843 17,236 1,140 8,269 1,066 8,060 (40,126) (2,984) (9,575) (12,300) 23,190 3,000 5(b) 4,704 30,894 30,894 (8,060) 22,834 119 2014
2014 12 31 34. 2014 12 31 41,854 190,384 16,430 20,000 316,090 35,472 886,966 20,000 1,487,196 2013 12 31 50,841 105,481 6,371 292,209 33,240 451,930 940,072 2014 2013 518,445 444,792 122,906 40,434 7,684 1,837,843 1,668,862 2,479,194 2,161,772 2014 120
2014 12 31 34. 2014 2013 181,875 186,336 379,098 175 560,973 186,511 2014 2013 1,788 1,788 35. 20142013 12 31 121 2014
2014 12 31 36. 2014 12 31 2013 2013 37. (a) 2014 2013 50,562 39,723 2014 122
2014 12 31 37. (b) 2014 2013 15,239 3,622 15,677 4,155 40,967 14,780 48,762 18,973 23,300 9,714 25,450 19,752 79,506 28,116 89,889 42,880 38. 14 15 18 22 39. 25 33(b) 123 2014
2014 12 31 39. (a) 2014 2013 12 31 (i) 42,632 24,673 (i) (b) (i) 2014 2013 16,430 6,371 (ii) 7,684 (c) 2014 2013 3,780 3,093 473 153 138 4,406 3,231 8 2014 124
2014 12 31 40. 2224 25 2014 12 31 50 (428) (50) 428 2013 12 31 50 (491) (50) 491 125 2014
2014 12 31 40. 24 2014 12 31 2014 126
2014 12 31 40. 2014 12 31 439,138 1,369,097 95,010 1,903,245 70,317 444,342 3,786 518,445 95,168 6,935 20,803 122,906 165,485 890,415 1,393,686 95,010 2,544,596 2013 12 31 441,346 1,145,587 154,871 1,741,804 42,409 402,383 444,792 14,612 6,456 19,366 40,434 7,684 7,684 64,705 850,185 1,164,953 154,871 2,234,714 127 2014
2014 12 31 40. 2014 2013 1,837,843 1,668,862 7,684 1,837,843 1,676,546 1,576,930 1,031,104 116.5% 162.6% 41. 2014 2013 125,704 125,704 181,875 186,336 307,579 312,040 2014 128
2014 12 31 41. 2014 12 31 1997 2,500,000 1,501,000 100% Grand Forever Enterprises Limited 2011 50,000 2,001 100% 2000 30,000,000 100% 2001 250,000,000 100% 2003 20,000,000 100% 2006 15,000,000 100% 2006 13,000,000 100% 2006 20,000,000 100% 2009 15,000,000 100% 2010 26,846,750 100% 2010 55,199,805 100% 129 2014
2014 12 31 41. 2014 12 31 2010 29,733,148 100% 2009 84,000,000 100% 2011 52,000,000 20,000,000 100% 2011 38,104,012 100% 2011 27,187,450 100% 2011 36,408,200 100% ) 2011 6,335,206 100% 2011 6,335,206 100% 2012 50,000,000 30,000,000 100% 2012 53,500,000 39,000,000 100% 2012 10,000,000 100% 2014 130
2014 12 31 41. 2014 12 31 2013 20,000,000 100% 2012 20,000,000 100% 2013 30,000,000 90% 2013 10,000,000 100% 2013 49,000,000 100% 2013 20,000,000 100% 2013 5,000,000 100% 2013 1,010,000 100% 2013 11,000,000 100% 2014 10,000,000 100% 2014 10,000,000 80% 131 2014
2014 12 31 41. 2014 12 31 2014 10,000,000 100% 2014 5,000,000 100% 2014 10,000,000 100% 2014 50,000,000 10,000,000 100% 2014 10,000,000 100% 2014 10,000,000 100% 2014 30,000,000 100% 2014 10,000,000 100% 2014 10,000,000 100% 2014 50,000,000 10,000,000 100% 2014 132
2014 12 31 41. 2014 12 31 2014 20,000,000 100% 2014 15,000,000 100% 2014 30,000,000 100% 42. 2015 3 12 10,100,000 43. 2015 3 27 133 2014
2014 12 31 2014 2013 2012 2011 7,879,528 7,432,699 7,205,232 5,348,404 (7,272,444) (6,787,872) (6,642,745) (4,832,500) 607,084 644,827 562,487 515,904 201,468 93,901 64,119 35,570 (249,460) (213,292) (176,047) (139,648) (186,624) (152,270) (145,559) (110,025) 372,468 373,166 305,000 301,801 (138,642) (124,584) (116,695) (40,994) 233,826 248,582 188,305 260,807 (61,096) (62,969) (48,091) (66,809) 172,730 185,613 140,214 193,998 172,370 185,636 140,214 193,998 360 (23) 172,730 185,613 140,214 193,998 4,231,179 3,387,174 3,181,970 2,108,995 2,648,912 2,351,093 2,337,943 1,425,254 5,337 4,977 1,576,930 1,031,104 844,027 683,741 2014 134