(於開曼群島註冊成立的有限公司) 股份代號 : 3313 (incorporated in the Cayman Islands with limited liability) STOCK CODE: 3313 2015 年度報告 2015 A N N UA L R E P O R T
/ 2015 CONSOLIDATED STATEMENT OF PROFIT For the six months ended 30 December 2015 02 06 10 24 30 42 58 60 61 63 64 66 118 120 01
/ 2015 3.323.443.5% 2.17 3,900 1.78 7,500 1.02 26.3% B2B 02
/ 2015 ArtMore ArtMore ArtMore ArtMore Marmomacc 03
/ 2015 ArtMore ArtMore inguangzhou(wic) B2CArtMoreO2O B2B ArtGo ArtGo 2.50 43.2 2.45 04
/ 2015 05
/ 2015 PO Box 309 Ugland House Grand Cayman KY1-1104 Cayman Islands 599 B 23 361016 183 54 39 Royal Bank of Canada Trust Company (Cayman) Limited 4th Floor, Royal Bank House 24 Shedden Road George Town Grand Cayman KY1-1110 Cayman Islands 06
/ 2015 183 17 1712 1716 31 33 1222 3313 www.artgo.cn +86 592 2103888 +86 592 2132888 07
雅高控股有限公司 / 2015 年度報告 管理層討論與分析 08
雅高控股有限公司 / 2015 年度報告 管理層討論與分析 09
/ 2015 36,065.0 126 29 95 ArtMore 10
/ 2015 72 2.0 250,000 55.8 3018.6 18.6 2518.6 11
/ 2015 JORC 51.2 46.6 8.8 106.6 23.0 21.0 44.0 (i) 20(ii)25 2628 JORC 10.4 4.7 12
/ 2015 50 0.7 20,000 1.615 7.1 18.4 4.2 29.7 23 1.615 161.5 13
/ 2015 10565 0.2 10,000 0.81 2.3 1.2 3.5 24 0.81 81.0 14
/ 2015 332.2344.3 12.13.5% (i) (ii) (a) % (%) % (%) 131,118 39.5 74.0 38,950 11.3 88.0 94,312 28.4 50.0 70,682 20.5 55.7 106,787 32.1 31.4 234,707 68.2 61.0 332,217 100.0 53.5 344,339 100.0 63.0 (b) 25,896 7,365 440,521 315,883 357,368 576,286 5,063.2 5,288.5 214.1 223.8 298.8 407.3 15
/ 2015 4.3%(1) (2) 4.3% 26.6% (c) 51,845 16.6% 45,094 14.0% 259,845 83.4% 276,445 86.0% 311,690 100.0% 321,539 100.0% 154.4 27.8%11.9%5.6% 51.2% 16
/ 2015 61.9 61.0 55.2 25.0120.8% (i) (ii) 30.6% (1)(2) 5.6% 9.5% 177.8 39.1 53.5% 63.0% 19.4 2.21.8 17
/ 2015 5.5 0.2 34.9 10.5%27.58.0% 7.4 2.6 1.6 1.2 0.8 0.5 0.3 42.7 12.9% 43.012.5% 16.6 2.9 18
/ 2015 349344 42.2 50.9 2.13.0 41.9 25.2 75.4102.326.3% 19
/ 2015 157.8 133.6 (i) 100.6 (ii)10.8(iii) 47.1 22.7 746.3 (i) 287.1 7.8(ii) 250.0(iii)9.3(iv) 12.7 1.7 11.0 192.4 190.7 69.9 3.9% 72.6 187 166 61.8 63.3 3368 130.547.1 177.6 20
/ 2015 7.5%842.0 778.7 250.0 2.93.5 127.6125.9 35 (i) 13.6(ii) 9.3(iii) 10.4(iv) 114.2 21
/ 2015 12.8 28.236.0 23.6 10.4 833.0 655.5 101.4524.3 47.1 9.3 46.0 17.0 253.0 4.4 178.2 5.1 65.6 524.3 101.4 250.0 22
/ 2015 A.2.1 2,431.18 294,000,000245,000,000 1.13260,000,000 23
/ 2015 38 46 41 30 53 51 47 56 38 147 Xiamen Sharing Metals & Minerals Importand Export Co., Ltd. Liu Investment Development Holdings Group Limited Liu s GroupXV Liu s Group 526,000,000 24
/ 2015 46 26 871 41 15 32525 30 6 (DTZ Holdings PLC) 25
/ 2015 53 26 (PRC Natural Marble, Granite Resources and Research) (PRC Natural Marble, Decorative Granite Stone Resources Forecast and Analysis) 26
/ 2015 51 19 601636 47 16 Grant Thornton Group Grant Thornton Accounting Firm (EMBA) 300226.SZ 002071.SZ 27
/ 2015 56 16 110,000 0.01% 48 22 Shanxi Sida Construction Materials Co., Ltd Shanxi Huajun Stone Enterprise Co., Ltd. Hubei Era Mining Co., Ltd. 28
/ 2015 44 20 49 15 38 10 29
/ 2015 14 A.2.1 10 Liu s Group526,000,000 152,127,548 A.3(a)(i) B.8 30
/ 2015 24 28 A.2.1 31
/ 2015 A.2.1 A.2.1 3.13 A.4.1A.4.2 32
/ 2015 33
/ 2015 A,C A,C A,B,C A,C A,C A,C A,B,C A,C A B C 34
/ 2015 6 14 35
/ 2015 36
/ 2015 4/4 1/1 2/2 1/1 1/1 3/4 0/1 0/1 4/4 0/1 0/1 4/4 0/1 0/1 3/3 0/1 1/1 4/4 3/3 2/2 0/1 0/1 4/4 3/3 1/1 *1/1 0/1 4/4 3/3 1/1 2/2 *1/1 0/1 * D.3.1 37
/ 2015 58 59 3.4 38
/ 2015 18354 2 21 39
/ 2015 599 B 23 + 86 592 2132888 ir@artgo.cn 40
/ 2015 ir@artgo.cn (http://www.artgo.cn/en/investment.php) 41
/ 2015 22 22 1. 42
/ 2015 2. 43
/ 2015 28 829.1866.9 44
/ 2015 9.6% 27.2% 16.8% 48.3% 5% 22 460,000 12 26 27 118 119 45
/ 2015 3.13 84 83(3) 46
/ 2015 13.51B(1) 002071.SZ 8 47
/ 2015 42 (a) (b) (d) (c) 9,000,007 0.56% (d) 2.392.65 10% (e) (i) 10% 48
/ 2015 (ii) 18 20% (iii) 30 60% (iv) 42 100% (f) 1.00 (g) (i) (ii) 14 (iii) (iv) (v) (vi) 49
/ 2015 (h) 2,000,001 2 200,000 1,800,001 2.39 10,000,005 999,998 9,000,007 2.39 12,000,006 1 1,199,998 3 10,800,008 (1) 2.39 1,199,998 2.39 1,199,998 2.39 4,800,001 2.39 4,800,009 12,000,006 (2) (3) 1,199,998 50
/ 2015 (a) (b) (i) (ii) (b) (e) (i) (ii) (iii) (c) 10% 133,333,400 8.4% (d) 1% 51
/ 2015 (e) (i) (ii) (iii) (f) (g) 1.00 (h) (i) (ii) (iii) (i) 10 (j) 52
/ 2015 A. XV XV 7 8 352 (a) (1) (2) 526,000,000(L) 39.45% 110,000(L) 0.01% (b) 1,800,001 0.14% (c) 1 Liu Investment Development Holdings Group Limited Liu s Group 100(L) 100% 53
/ 2015 (1) L (2) Liu s Group 526,000,000 Liu s Group Liu s Group XV Liu s Group B. XV 2 3336 1 Liu s Group 526,000,000(L) 2 39.45% China Marble Investment Holdings Limited 321,872,452(L) 3 24.14% Carlyle Asia Growth Partners IV, L.P. 321,872,452(L) 3 24.14% CAGP IV General Partner L.P. 321,872,452(L) 3 24.14% CAGP IV, Ltd. 321,872,452(L) 3 24.14% TC Group Cayman Investment Holdings Sub, L.P. 321,872,452(L) 3 24.14% TC Group Cayman Investment Holdings, L.P. 321,872,452(L) 3 24.14% Carlyle Holdings II L.P. 321,872,452(L) 3 24.14% 54
/ 2015 1 Carlyle Holdings II GP L.L.C. 321,872,452(L) 3 24.14% The Carlyle Group L.P. 321,872,452(L) 3 24.14% Prosper Rich Investments Limited 4 130,678,000(L) 9.8% 4 130,678,000(L) 9.8% Kingston Finance Limited 5 526,000,000(L) 39.45% Ample Cheer Limited 5 526,000,000(L) 39.45% Best Forth Limited 5 526,000,000(L) 39.45% 5 526,000,000(L) 39.45% (1) L (2) Liu s Group 526,000,000 Liu s Group (3) China Marble Investment Holdings Limited 91.83%Carlyle Asia Growth Partners IV, L.P.The Carlyle Group L.P. Carlyle Holdings II GP L.L.C. Carlyle Holdings II L.P. TC Group Cayman Investment Holdings, L.P. TC Group Cayman Investment Holdings Sub, L.P. CAGP IV, Ltd. CAGP IV General Partner L.P Carlyle Asia Growth Partners IV, L.P.XVThe Carlyle Group L.P. Carlyle Holdings II GP L.L.C. Carlyle Holdings II L.P. TC Group Cayman Investment Holdings, L.P. TC Group Cayman Investment Holdings Sub, L.P. CAGP IV, Ltd. CAGP IV General Partner L.P. Carlyle Asia Growth Partners IV, L.P. China Marble Investment Holdings Limited China Marble Investment Holdings LimitedThe Carlyle Group L.P. (4) Prosper Rich Investments Limited XV Prosper Rich Investments Limited (5) Kingston Finance Limited Ample Cheer LimitedBest Forth Limited 80%Best Forth Limited Ample Cheer Limited Best Forth Limited Kingston Finance Limited 55
/ 2015 3333 14A.76(1) 14A.90 14A.95 14A 25% 56
/ 2015 Liu s Group 18317 1712 1716 57
/ 2015 Ernst & Young 22/F, CITIC Tower 1 Tim Mei Avenue Central, Hong Kong Tel : +852 2846 9888 Fax : +852 2868 4432 ey.com 60 117 58
/ 2015 59
/ 2015 4 332,217 344,339 (154,448) (127,511) 177,769 216,828 5 23,632 19,905 (34,861) (27,541) (42,715) (43,018) (6,586) (8,259) 6 (16,606) (13,698) 7 100,633 144,217 9 (25,226) (41,885) 75,407 102,332 11 6.00 8.00 60
/ 2015 12 65,346 48,331 13 12,502 12,768 14 191,740 77,413 18 15,196 16,225 15 1,946 2,400 25 7,721 5,801 19 2,312 1,702 296,763 164,640 16 72,622 69,898 17 63,321 61,836 18 163,586 40,739 19 28,174 36,000 19 861,324 966,501 1,189,027 1,174,974 20 177,616 130,470 21 80,769 62,120 24,376 14,513 22 127,600 125,900 410,361 333,003 778,666 841,971 1,075,429 1,006,611 61
/ 2015 25 2,322 3,174 21 9,300 18,600 23 5,690 5,900 24 12,493 11,712 29,805 39,386 1,045,624 967,225 26 10,492 10,492 28 1,035,132 956,733 1,045,624 967,225 62
/ 2015 26 28(a) 28(b) 28(c) 27 28(d) 10,492 866,908 1,308 582 17 (19,048) 26,636 (25,835) 861,060 102,332 102,332 11,377 (11,377) 476 (476) (298) 298 3,833 3,833 10,492 866,908* 12,685* 760* 3,850* (19,048)* 26,636* 64,942* 967,225 75,407 75,407 28(b) 8,475 (8,475) 28(c) 238 (238) 28(c) (291) 291 27 2,992 2,992 (584) 584 10,492 866,908* 21,160* 707* 6,258* (19,048)* 26,636* 132,511* 1,045,624 * 1,035,132,000 956,733,000 63
/ 2015 100,633 144,217 12 7,188 4,887 13 266 266 14 598 936 17 5,482 7 32 1 23 (210) (105) 7 2,750 27 2,992 3,833 6 16,606 13,698 295 (5) 5 (19,416) (17,418) 114,466 153,060 (6,967) (46,130) (2,724) (8,925) 10,824 (25,299) 47,146 107,503 197 6,686 (2,794) 169,431 177,612 (18,135) (39,928) (15,834) (11,836) 22,292 7,708 157,754 133,556 64
/ 2015 (12,741) (9,580) (9,300) (9,300) (138) (513) 29 (249,995) (1,279) 12 1 6,005 287,072 (685,000) (10,629) 7,826 (36,000) 22,736 (746,295) 192,376 194,900 (190,676) (183,900) 1,700 11,000 182,190 (601,739) 108,001 709,735 (295) 5 289,896 108,001 289,896 108,001 19 571,428 858,500 19 861,324 966,501 19 (571,428) (858,500) 289,896 108,001 65
/ 2015 1. P.O. Box 309 Ugland House, Grand Cayman, KY1-1104 Cayman Islands 183 54 Liu s Group % 1 100 100 100 1 90,000,000 100 (2) 60,000,000 100 1 18,000,000 100 66
/ 2015 1. % (2) 1,000,000 100 (2) 140,000,000 100 (1) (2) 29 67
/ 2015 2.1 (a) (b) (c) (i)(ii) (iii) (i)(ii) (iii) 68
/ 2015 2.2 19 622 2.3 9 3 10 12 1 28 10 28 6 11 1 14 5 15 3 16 4 1 1 7 2 12 2 16 38 1 16 41 1 27 1 1 1 2 3 4 5 6 69
/ 2015 2.3 9 39 9 9 9 15 15 15 15 15 15 15 16 1617 16 16 70
/ 2015 2.3 1 (i) 1 (ii) (iii) (iv) 2.4 71
/ 2015 2.4 (a) (b) (c) 72
/ 2015 2.4 73
/ 2015 2.4 (a) (i) (ii) (iii) 74
/ 2015 2.4 (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (viii) 75
/ 2015 2.4 3 5 19% 32% 5 10 10% 19% 5 19% 7 10 10% 14% 30 (a) (b)(c) 76
/ 2015 2.4 10 77
/ 2015 2.4 (a)(b) 78
/ 2015 2.4 79
/ 2015 2.4 80
/ 2015 2.4 81
/ 2015 2.4 82
/ 2015 2.4 (a) (b) 27 83
/ 2015 2.4 84
/ 2015 2.4 622 85
/ 2015 3. (a) 5,482,000 17 (b) 24,376,000 14,513,000 (c) 65,346,000 48,331,000 86
/ 2015 3. (d) 7,721,000 5,801,000 25 (e) (f) 6.13% 6.15% 12,493,000 11,712,000 (g) 72,622,000 69,898,000 87
/ 2015 4. % % 94,312 28 70,682 21 106,787 32 234,707 68 131,118 40 38,950 11 332,217 100 344,339 100 * 311,690 321,539 20,527 22,800 332,217 344,339 * 88
/ 2015 4. 10% A B * 56,082 * 50,774 * 10% 5. 19,416 17,418 2,150 * 1,820 2,315 23 210 105 36 67 23,632 19,905 * 6. 8,363 6,555 17 6,247 4,774 1,215 1,698 24 781 671 16,606 13,698 89
/ 2015 7. 154,448 127,511 8 33,435 41,554 27 2,992 3,833 1,576 1,620 2,118 2,968 2,114 974 42,235 50,949 12 7,188 4,887 13 266 266 14 598 936 8,052 6,089 4,760 3,616 4,677 3,418 18(a) 819 819 3,433 3,231 (2,150) 3,380 2,750 17 5,482 32 1 5 (19,416) (17,418) 90
/ 2015 8. 383(1)(a) (b) (c) (f) 418 481 2,199 3,038 499 640 76 45 2,774 3,723 3,192 4,204 (a) 126 147 166 187 126 147 418 481 91
/ 2015 8. (b) 388 2 390 (1) 1,294 23 1,317 305 23 499 827 212 28 240 2,199 76 499 2,774 (2) 2,199 76 499 2,774 1,832 2 1,834 (1) 63 2 65 259 17 640 916 263 22 285 (3) 115 1 116 (4) 506 1 507 3,038 45 640 3,723 (2) 3,038 45 640 3,723 (1) (2) 1 (3) (4) 92
/ 2015 8. (c) 8(b) 3,288 3,819 1,995 2,556 28 18 5,311 6,393 1,000,000 1,000,001 2,000,000 4 3 2,000,001 3,000,000 1 4 4 9. 25% 93
2 / 2015 9. 27,998 47,708 25 (2,772) (5,823) 25,226 41,885 100,633 144,217 25% 28,176 38,841 16.5% (1,992) 134 2,135 3,068 (2,868) (25) (225) (133) 25,226 41,885 10. 11. 1,333,334,000 1,333,334,000 94
/ 2015 12. 1,622 25,831 5,054 6,105 13,578 6,046 58,236 2,576 571 20,898 24,045 29 74 128 202 (3) (61) (64) 14,448 7,304 (21,752) 16,070 28,407 13,000 6,172 13,578 5,192 82,419 678 6,478 1,444 1,180 125 9,905 573 3,352 2,481 652 130 7,188 (1) (19) (20) 1,251 9,830 3,924 1,813 255 17,073 944 19,353 3,610 4,925 13,453 6,046 48,331 14,819 18,577 9,076 4,359 13,323 5,192 65,346 1,015 25,402 3,112 4,073 9,330 3,138 46,070 217 429 1,945 2,032 1,135 6,411 12,169 (3) (3) 390 3,113 (3,503) 1,622 25,831 5,054 6,105 13,578 6,046 58,236 548 3,177 651 581 62 5,019 130 3,301 794 599 63 4,887 (1) (1) 678 6,478 1,444 1,180 125 9,905 467 22,225 2,461 3,492 9,268 3,138 41,051 944 19,353 3,610 4,925 13,453 6,046 48,331 95
/ 2015 13. 13,034 13,300 (266) (266) 12,768 13,034 18 (266) (266) 12,502 12,768 12,768,000 22(a) 14. 76,237 1,176 77,413 723 723 29 114,202 114,202 (425) (173) (598) 190,014 1,726 191,740 195,339 2,006 197,345 (5,325) (280) (5,605) 190,014 1,726 191,740 77,089 117 77,206 1,143 1,143 (852) (84) (936) 76,237 1,176 77,413 81,137 1,283 82,420 (4,900) (107) (5,007) 76,237 1,176 77,413 96
/ 2015 15. 1,946 2,400 16. 63,465 62,407 8,590 6,699 567 792 72,622 69,898 17. 68,803 61,836 (5,482) 63,321 61,836 8,532 8,633 25,174 6,615 26,928 32,080 1,854 13,267 833 1,241 63,321 61,836 15,003,000 11,559,000 97
/ 2015 17. 5% 1 5,482,000 6,043,000 5,482,000 52,698 59,870 1,166 812 8,266 292 630 862 62,760 61,836 98
/ 2015 17. 6,247,0004,774,0006 18. 3,216 706 964 1,588 2,773 1,641 (a) 819 819 13 266 266 341 1,293 (b) 4,097 17,128 812 257 165 4,807 3,724 7,867 10,743 404 1,281 29 (c) 135,518 1,445 1,385 163,586 40,739 (a) 9,506 10,325 (d) 5,690 5,900 15,196 16,225 99
/ 2015 18. (a) 2,134,00010,146,000 15 (b) (c) (d) 19. 292,208 145,703 599,602 858,500 891,810 1,004,203 (1,702) (1,702) 29 (610) (28,174) (36,000) 861,324 966,501 100
/ 2015 19. 891,738 1,003,906 64 113 8 184 891,810 1,004,203 20. 27,486 50,470 150,130 80,000 177,616 130,470 7,990 2,601 74,643 506 4,734 123 90,249 127,240 177,616 130,470 101
/ 2015 20. 100,229,000 28,174,000 49,901,000 150,130,000 21. 21,929 28,843 (a) 10,850 (b) 9,300 9,300 585 12,907 10,639 6,279 3,864 5,745 432 4,234 3,136 1,925 1,145 383 382 356 839 187 305 (b) 3,193 3,084 537 33(b) 71 71 1,449 919 80,769 62,120 (b) 9,300 18,600 9,300 18,600 90,069 80,720 102
/ 2015 21. (a) (b) 18,600,000 4.75% 30 22. (a) 29,600 (b) 8,000 (c) 90,000 125,900 127,600 125,900 (%) 5.66 6.53 6.44 7.28 (a) 29,600,000 12,768,000 (b) 8,000,000 Xiamen Siming Technique Financial Guarantee Limited 80,000 (c) 90,000,000 125,900,000 103
/ 2015 23. 6,005 5 (105) 5,900 5 (210) 5,690 24. 11,712 9,906 1,135 6 781 671 12,493 11,712 104
/ 2015 25. 312 61 4,630 798 5,801 9 195 23 118 1,442 1,371 3,149 507 84 4,748 2,240 1,371 8,950 2,429 745 3,174 9 (107) 484 377 2,322 1,229 3,551 105
/ 2015 25. 8,950 5,801 (1,229) 7,721 5,801 2,322 3,174 2,322 3,174 (a) 25% (b) 10% 175,865,000 106,043,000 106
/ 2015 26. 3,000,000,0000.01 3,000,000,000 0.01 23,651 23,651 1,333,334,0000.01 1,333,334,000 0.01 10,492 10,492 27. 42 (a) 2.39 12,000,006 (b) * (1,199,998) 10,800,008 (a) 2.39 (b) 1,199,998 107
/ 2015 27. 1,199,998 2.39 4,800,001 2.39 4,800,009 2.39 10,800,008 : 1,199,998 2.39 1,199,998 2.39 4,800,001 2.39 4,800,009 2.39 12,000,006 12,056,0009,487,000 1.000.79 3,802,000 2,992,000 3,833,000 108
/ 2015 27. (%) (%) 46.05~55.29 (%) 0.26~1.23 10,800,008 10,800,008 108,00025,704,000 10,800,008 0.7% 28. 63 (a) (b) 10% 50% 10% 109
/ 2015 28. (c) (d) (i) 33,636,000 (ii) 7,000,000 (e) 2.4 29. 250,000,000 110
/ 2015 29. 12 202 14 114,202 5 19 610 18 135,518 (537) 250,000 250,000 (5) 249,995 30. 31. 9,635 6,929 20,751 12,301 81 30,386 19,311 111
/ 2015 32. 31 23,613 10,308 60 23,613 10,368 33. (a) (i) 634 542 (i) (b) 71,000 71,00021 (c) 6,783 8,418 2,494 3,194 179 150 9,456 11,762 8 112
/ 2015 34. 35. 113
/ 2015 35. 46% 72% 29,280,000 44,452,000 5.0% 197 242 (197) (242) 346 11 (346) (11) 114
/ 2015 35. 11,907 120,007 131,914 27,486 100,130 50,000 177,616 48,396 9,410 9,852 67,658 75,882 112,037 179,417 9,852 377,188 63,130 66,710 129,840 50,470 20,000 60,000 130,470 35,248 12,838 20,274 68,360 85,718 83,130 139,548 20,274 328,670 22. 115
/ 2015 36. 863,429 851,109 166 156 63 428 229 584 5,200 1,592 18,827 18,409 24,027 20,001 (23,798) (19,417) 839,631 831,692 10,492 10,492 829,139 821,200 839,631 831,692 116
/ 2015 36. 643,032 223,876 17 (37,597) 829,328 27 3,833 3,833 (11,961) (11,961) 643,032 223,876 3,850 (49,558) 821,200 27 2,992 2,992 4,947 4,947 (584) 584 643,032 223,876 6,258 (44,027) 829,139 2.4 37. 294,000,000 245,000,000 1.13260,000,000 38. 117
/ 2015 332,217 344,339 139,775 8,210 173 (154,448) (127,511) (56,597) (4,505) (126) 177,769 216,828 83,178 3,705 47 23,632 19,905 4,298 210 52 (34,861) (27,541) (24,500) (7,953) (114) (42,715) (43,018) (45,564) (12,257) (4,212) (6,586) (8,259) (593) (855) (16) (16,606) (13,698) (4,501) (2,254) (142) 100,633 144,217 12,318 (19,404) (4,385) (25,226) (41,885) (12,720) (17) 75,407 102,332 (402) (19,421) (4,385) 75,407 102,332 (402) (19,421) (4,122) (263) 75,407 102,332 (402) (19,421) (4,385) 6.00 8.00 (0.04) 118
/ 2015 296,763 164,640 142,271 42,109 26,216 1,189,027 1,174,974 970,656 238,413 25,067 29,805 39,386 41,002 4,158 2,968 410,361 333,003 210,865 292,319 37,849 1,045,624 967,225 861,060 (15,955) 10,466 1,045,624 967,225 861,060 (15,955) 10,466 119
/ 2015 622 Liu s Group Liu Investment Development Holdings Group Limited 100% 120