China Development Bank International Investment Limited Interim Report 2016 China Development Bank International Investment Limited (Incorporated in the Cayman Islands with limited liability) (Stock Code: 1062) Interim Report 2016 國開國際投資有限公司 二零一六年中期報告 中期報告 2016 1062 國開國際投資有限公司
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8 4506 4509 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 Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 2
Conyers Dill & Pearman 3 38 3808 9 18 47 4702 Vistra Management (Hong Kong) Limited 33 19 1062 www.cdb-intl.com www.irasia.com/listco/hk/cdbintl 3
638 6,565 1,016 4,847 397 874 2,314 14 17 16 152 1,016 4,847 397 874 122,656 122,1520.22 2.26 50,84374,858 4
6 1 234,000,000 243,817,519 9,817,579 20% 2 195,000,000 206,921,111 11,921,111 17% 3 194,987,520 206,420,981 11,433,461 17% 4 47,766,128 66,880,572 19,114,444 5% 21685 0% 1. 0.96% 2. 5.01% 3. 5% 4. 25% 5
5. 6. 3,000 Jolly Investment LimitedJolly 2,500 Jolly 7,245 Jolly23.04% Jolly Jolly 21.74% 11,90413,09623.81% 26.19% 26,80913,404 5,250 4.09513,405 13,405 6
(i) 25,000,0008% (ii) 18,953,853 0.000001 131 1,082 6288 495 83.64 87.96 0.72% 0.93% 7
8
4 23,140,892 (163,785) 1,522,671 10,159,318 48,467,383 135,876 166,969 (3,973,313) (8,735,058) 262,973 3,169,937 6,421,069 67,732,794 5 (39,308) (2,086,025) 6 6,381,761 65,646,769 (1,342,021) 30,723 (1,342,021) 30,723 5,039,740 65,677,492 7 0.22 2.26 9
8 66,880,572 70,777,676 9 657,159,611 218,000,293 195,000,000 724,040,183 483,777,969 9 163,785 2,936,735 490,971 10 508,429,422 748,578,554 511,366,157 749,233,310 1,413,607 4,097,594 4,700,087 4,419,982 6,113,694 8,517,576 505,252,463 740,715,734 1,229,292,646 1,224,493,703 2,732,165 2,972,962 1,226,560,481 1,221,520,741 11 29,022,154 29,022,154 1,197,538,327 1,192,498,587 1,226,560,481 1,221,520,741 14 0.42 0.42 10
29,022,154 1,043,800,995 382,880,958 15,486,918 270,200 (358,817,765) 1,112,643,460 65,646,769 65,646,769 30,723 30,723 30,723 65,646,769 65,677,492 29,022,154 1,043,800,995 382,880,958 15,517,641 270,200 (293,170,996) 1,178,320,952 29,022,154 1,043,800,995 382,880,958 11,103,151 270,200 (245,556,717) 1,221,520,741 6,381,761 6,381,761 (1,342,021) (1,342,021) (1,342,021) 6,381,761 5,039,740 29,022,154 1,043,800,995 382,880,958 9,761,130 270,200 (239,174,956) 1,226,560,481 ING ING INGING 11
(6,285,008) 13,004,781 (234,000,000) 39,000,000 135,876 166,969 (233,864,124) 39,166,969 (240,149,132) 52,171,750 748,578,554 414,901,459 508,429,422 467,073,209 12
1. 34 34 2. 9 11 1 1638 1641 10 12 28 13
3. 4. 23,140,892 14
5. 39,308 331,436 1,754,589 39,308 2,086,025 10% 15
6. 2,884,653 4,953,763 7. 6,381,761 65,646,769 2,902,215,360 2,902,215,360 16
8. 125,766,128 125,766,128 (58,885,556) (54,988,452) 66,880,572 70,777,676 25.00% 25.00% 25.00% 25.00% China Property Development 33.42% 33.42% 20.49% 20.49% (Holdings) Limited 17
9. 1 (i) 163,785 2 (ii), (iv) 450,238,500 218,000,293 3 (iii) 206,921,111 657,159,611 218,164,078 657,159,611 218,000,293 163,785 657,159,611 218,164,078 1 2 3 (i) (i) 25,000,000 8% (ii) 18,953,853 0.000001 163,785 18
9. (ii) 11,90413,096 23.81% 26.19% Jinkosolar Power Engineering Group Limited 21% 3013% 206,420,981 218,000,293 10% (iii) Jolly Investment LimitedJolly Jolly31,448 Jolly 2,500 Jolly 7,245 Jolly 23.04% JollyJolly 21.74% Jolly60 12% Jolly206,921,111 10% 19
9. (iv) 3,000 34 12% 243,817,519 10% 12 10. 71,195,404 71,092,072 437,234,018 677,486,482 508,429,422 748,578,554 0.02% 1.20%0.70% 1.20% 20
11. 0.01 12,000,000,000 120,000,000 2,902,215,360 29,022,154 12. 21
12. i) 163,785 37.53% ii) 206,420,981 218,000,293 EV/EBITDA 25% 5% 8,564,113 7,528,033 EV/EBITDA EV/EBITDA 11.09 EV/EBITDA EV/EBITDA 3% 8,677,126 10,082,283 50.34% 10% 6,497,939 6,838,654 22
12. iii) 206,921,111 30% 2.44 8.01% 2.5% 19,964,925 22,759,502 23
12. iv) - 243,817,519 / 30% /5% 3,009,020 6,926,135 / / 1.06 / / /3% 2,037,800 2,065,329 48.04% / 10% 11,910,755 13,657,957 24
12. 630,472,963 1,522,671 48,467,383 49,990,054 (39,000,000) (11,700,000) 629,763,017 218,164,078 (163,785) 10,159,318 9,995,533 234,000,000 195,000,000 657,159,611 9,995,533 49,990,054 25
12. 13. (a) (b) (c) Vistra Management (Hong Kong) Limited Vistra 30,000 30,000 175,000 175,000 1,326,148 3,597,497 56,307 134,753 1,382,455 3,732,250 26
14. 1,226,560,481 1,221,520,741 2,902,215,360 2,902,215,360 27
9 27 34 34 34 2410 34 28
XV 352 336 1,920,000,000 66.16% 1 1,920,000,000 66.16% 1 1,920,000,000 66.16% 1 2 163,702,560 5.64% 163,702,560 5.64% 2 29
1. 2. 336 2410 30
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13.51B(1) H 2868 1329 13.51B(1) 32