2 3 4 5 6 10 20 26 31 66 67 73 75 86 98 101 128 130 132 134 136 137 138 184 185 186
2 / 2014
/ 2014 3
90% 100% 0.1210 0.1530 0.1149 0.1455 0.1157 0.1456 0.1007 0.1266 0.2367 0.2986 0.2156 0.2721 100% 662,714,000 598,598,000 204,827,000 265,273,000 0.2986 0.2721 3.893.78 7.7% 7.2% 183 22 4 / 2014
1,571,168,000 1,370,653,000 14.6% 987,512,000 860,419,000 14.8% 927,967,000 524,067,000 77.1% 0.33 0.19 73.7% 23,569,000,000 22,749,000,000 3.6% 4.69 4.58 2.4% 5.95 5.83 2.1% 2,799,795,685 2,766,698,330 1.2% a 32.0% 31.9% 0.1 b 47.8% 48.1% (0.3) 662,714,000 598,598,000 10.7% 0.2986 0.2721 9.7% a b / 2014 5
6 / 2014
95.13% 1,571,168,000 1,370,653,000 14.6% 100% 662,714,000 598,598,000 64,116,000 10.7% 100% 0.2986 0.2721 0.0265 9.7% 3.89 7.7% 636,463 7.4% 16,706.87 8.6% 1.2% 0.8% 9.1% / 2014 7
VT101 32% 45% Baa2 BBB 8 / 2014
! / 2014 9
20142014 21 VT101 2014 680,971.1 441,297.9 7,549.0 4,528.1 91,460.9 51,102.3 76,512.3 10 / 2014
(1) (1) (1) 1990 50,199.3 50,128.9 100.0% 1,109 592.8 2003 41,355.2 41,355.2 99.6% 84 144.2 1997 42,397.4 42,397.4 93.6% 66 122.3 2003 27,698.1 27,262.3 99.4% 27 244.5 2007 61,964.3 49,887.3 (2) 97.3% (2) 118 105.9 2010 457,356.8 230,266.8 92.6% 199 210.2 267,804.4 183,539.5 (3) 90.8% 185 226.8 46,989.2 46,727.3 99.7% 14 150.6 91,460.9 51,102.3 680,971.1 441,297.9 95.1% 1,603 231.2 (1) (2) 7,549.0 4,528.1 (3) 76,512.3 2013 2013 (1) (1) (2) 413,521.3 317,179.4 (3) 93.3% 2.7% 181.5 4.3% 639,548 74,687.3 73,989.6 99.6% 3.5% 185.1 16.4% 121,044 50,199.3 50,128.9 100.0% 0.0% 592.8 7.0% 366,146 (1) (2) (3) 7,549.0 4,528.1 76,512.3 / 2014 11
(1) (1) (2) 91,460.9 344 69.4% 1,242 (2) 51,102.3 314 82.4% 772 (1) (2) 235.69 8.2 3.6% 2014 2013 12 31 12 31 4,300 3,980 8.0% 853 806 5.8% 710 672 5.7% 815 804 1.4% 825 772 6.9% 16,066 15,715 2.2% 23,569 22,749 3.6% 12 / 2014
28.2% 20.7% 20.5% 7.3% 23.3% 32.5% 16.3% 21.7% 11.8% 17.7% 28.2% 32.5% 20.7% 16.3% 20.5% 21.7% 7.3% 11.8% 23.3% 17.7% 100.0% 100.0% 35.1% 39.7% 14.4% 9.3% 34.5% 28.0% 15.6% 22.3% 0.4% 0.7% 100.0% 100.0% 26.7% 26.8% 17.5% 19.0% 34.3% 35.6% 0.0% 0.0% 21.5% 18.6% 100.0% 100.0% / 2014 13
27.9% 26.0% 32.7% 22.0% 31.9% 44.7% 7.2% 7.0% 0.3% 0.3% 100.0% 100.0% 29.4% 28.5% 46.5% 49.4% 16.1% 14.6% 6.9% 6.4% 1.1% 1.1% 100.0% 100.0% 9.6% 4.9% 2.7% 7.3% 9.8% 8.0% 2.9% 7.1% 75.0% 72.7% 100.0% 100.0% 29.0% 33.6% 35.2% 38.3% 7.2% 8.4% 17.0% 17.8% 21.8% 21.1% 0.0% 0.0% 14.8% 15.8% 18.5% 18.1% 1.4% 3.3% 7.5% 7.8% 9.6% 9.3% 0.0% 0.0% 31.7% 25.0% 14.9% 13.2% 91.4% 88.3% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 14 / 2014
15.711 14.6% 23.3% 4.4% 3.8% 3.4% 4.0% 61.1% 2014 2013 2013 366.1 339.3 26.8 7.9% 69.6 69.2 0.4 0.6% 59.4 56.6 2.8 4.9% 53.5 37.7 15.8 41.9% 61.9 60.8 1.1 1.8% 610.5 563.6 46.9 8.3% 960.6 807.1 153.5 19.0% 1,571.1 1,370.7 200.4 14.6% 2014 2013 2013 288.8 268.7 20.1 7.5% 54.2 53.9 0.3 0.6% 46.1 43.9 2.2 5.0% 41.5 28.9 12.6 43.6% 48.0 47.3 0.7 1.5% 478.6 442.7 35.9 8.1% 508.9 417.7 91.2 21.8% 987.5 860.4 127.1 14.8% / 2014 15
11 12 44 2014 120 16 / 2014
VT101 UNIQLO Adidas Swatch 27.4% VT101 6M / 2014 17
91.2% 5% 6S 8.0% 35.0% 46.0% 1.0% 31.0% 30.0% 18 / 2014
2008 GDP 2014 Baa2 BBB 2014 3.9 46.9% 40.6% 4.77% 4.46% / 2014 19
1,571,168 1,370,653 14.6% (298,166) (249,444) 19.5% (33,122) (29,649) 11.7% 1 (244,299) (223,493) 9.3% 2 (8,069) (7,648) 5.5% (583,656) (510,234) 14.4% 987,512 860,419 14.8% (56,132) (50,728) 10.7% (148,144) (144,335) 2.6% (105,713) (99,461) 6.3% (7,609) (7,365) 3.3% 3 (21,181) (11,948) 77.3% (338,779) (313,837) 7.9% 648,733 546,582 18.7% 165,497 234,722 (29.5)% (381,203) (441,431) (13.6)% 433,027 339,873 27.4% (177,276) (148,594) 19.3% 255,751 191,279 33.7% 672,216 332,788 102.0% 927,967 524,067 77.1% 1 2 3 20 / 2014
1,571,168,000 1,370,653,000 987,512,000 860,419,000 14.6% 14.8% 639,548 573,101 366,146 339,322 121,044 123,058 444,430 335,172 1,571,168 1,370,653 987,512,000 860,419,000 62.9% 501,302 441,996 288,776 268,749 96,410 96,522 101,024 53,152 987,512 860,419 298,166,000 19.5% 32.6% 11.7% 9.3% 6.3% 3.3% / 2014 21
11,047,000 370,156,000 441,431,000 927,967,000 524,067,000 77.1% 672,216,000 332,788,000 104,399,000 66,178,000 38,221,000 7 4.69 4.58 2.4% 3.764 4.013 18,295,934 14,801,421 2,799,795,685 4.08 3.59 3,728,906 6,394,388 3.89 34.6% 4,500,000,000 390,000,000 1,210,000,000 300,000,000 1,000,000,000 350,000,000 3.1% 2,502,000,000 2,850,000,000 (HIBOR) 1.78% 2,650,000,000 200,000,000 2,980,000,000 2,600,000,000 22 / 2014
600,000,000 HIBOR 1.83% 8,109,396,000 32% 45% 12,133,950,000 47.8% 999,453,000 7.12 90% 80 32 32 32 / 2014 23
9,775,000 10,984,000 12,363,000 747 138 Sponsoring Entity 24 / 2014
/ 2014 25
18 26 / 2014
VT101 / 2014 27
IFC 6S Smile Speedy Sincerity Share Security Specialty I Found Change 32 LOW-E 28 / 2014
80 2.61% 0.11% VT101 ADIDAS ADIDAS 2014 648 120 1570 / 2014 29
(Terry Fox Run) VT101 VT101 ISO9000 ISO14000 OHSA18000 90% 30 / 2014
CBD / 2014 31
物業組合 物業地理位置圖 廣州 物業 廣州國際金融中心 白馬大廈 越秀新都會大廈 城建大廈 維多利廣場 財富廣場 32 越秀房地產投資信託基金 / 年報 2014
/ 2014 33
680,971.1 441,297.9 95.13% 235.69 15.711 14.6% 28.2% 20.7% 20.5% 7.3% 23.3% 32.5% 16.3% 21.7% 11.8% 17.7% 34 / 2014
/ 2014 35
APM 45 10 45 15 45.7 103 4 28 58 6 1,700 344 314 432 Wilkinson Eyre Architects (RIBA) 36 / 2014
/ 2014 37
- 4 65 18.4 38 / 2014
23.28% 29.04% 7.38% 7.09% 3.45% 3.66% 2.66% 2.73% 1.83% 1.83% 1.83% 1.75% 1.78% 1.66% 1.75% 1.51% 1.25% 1.35% 1.18% 1.32% 46.39% 51.94% / 2014 39
- 4.7 90% 15 99.72% 151 40 / 2014
/ 2014 41
- 68 100 1 5 9.1 1.4 100 (CATCH) 99 (Tian Bar) 72 (Kumoi) (Caffe Mondo) 71 (Yu Yue Heen) 70 (The Atrium) 69 70 100 42 / 2014
91,460.9 344 69.4% 1790 / 2014 43
- 6 28 5.1 314 24 44 / 2014
51,102.3 314 82.4% 189 / 2014 45
1993 1 8 6 451 1100 80% 30 5 100 WIFI (www.baima.com) B2B baima_market 2013-2014 100 46 / 2014
/ 2014 47
48 / 2014
0.68% 1.35% 0.61% 1.30% 0.86% 1.16% 0.61% 1.16% 0.53% 1.01% 0.82% 0.84% 0.95% 0.83% 0.41% 0.77% 0.44% 0.75% 0.62% 0.70% 6.53% 9.87% / 2014 49
500 CBD 13 8 2 6 1 26 36 CBD 5A CBD 500 AEONLG 50 / 2014
/ 2014 51
52 / 2014
10.34% 8.01% 9.51% 7.84% 10.34% 7.69% 5.90% 5.75% 3.74% 5.37% 4.38% 5.04% 3.85% 3.67% 0.55% 3.56% 3.64% 3.53% 3.61% 3.43% 55.86% 53.89% / 2014 53
C B D 3APM 5 7 2 4 28 5,000 7 54 / 2014
/ 2014 55
56 / 2014
3.59% 10.46% 8.70% 9.50% 18.47% 9.36% 9.19% 9.04% 2.75% 8.48% 8.70% 8.36% 4.35% 5.05% 4.58% 4.49% 2.42% 2.54% 2.17% 2.19% 64.92% 69.47% / 2014 57
CBD CBD CBD 14 4 61 52 36 VT101 adidas (home court) swatch VT101 58 / 2014
/ 2014 59
60 / 2014
37.79% 44.65% 6.18% 9.26% 2.84% 7.87% 1.53% 6.61% 11.07% 4.93% 7.32% 3.24% 5.82% 2.64% 4.67% 2.42% 2.58% 2.05% 2.75% 1.92% 82.55% 85.59% / 2014 61
2007 8 2 1 6 1 23 IT 24 (TNT) 62 / 2014
/ 2014 63
64 / 2014
16.59% 18.12% 7.45% 7.14% 7.43% 6.49% 6.51% 5.97% 4.75% 4.60% 0.57% 4.47% 3.81% 4.44% 2.78% 2.57% 2.83% 2.42% 1.63% 2.01% 54.35% 58.23% / 2014 65
66 / 2014
57 45 46 51 60 57 49 9 GCCD 20 GCCD (Honolulu University) 9 GCCD GCCD / 2014 67
MBA 00123 01111 GCCD 25 00665 0096000586 01669 00851 68 / 2014
Primeline Energy Holdings Inc. PEH.V / 2014 69
GCCD GCCD 18 00123 01052 25 70 / 2014
28 (Murdoch University) 9 GCCD 21 31 / 2014 71
GCCD GCCD 16 72 / 2014
85.7% GB/T19001-2008 ISO9001:2008 GB/T19001-2008 ISO9001:2008 (i) (ii) / 2014 73
(iii) (iv) 74 / 2014
104 116 125 5.4 125 29 77 / 2014 75
10 76 / 2014
10 6 10 10 10 2 8 (1) (2) / 2014 77
(3) (4) 4 4 2 2 78 / 2014
(1) 1 4 (1) 4 4 4 (1) 1 2 3 / 2014 79
16 (1) 11 (1) 5 (1) 5 5 5 5 80 / 2014
/ 2014 81
1) 2) 3) 4) 10.0% 21 14 10.0% 25.0% 82 / 2014
90% 100% 90% 100% (i) (ii) (iii) (i) (ii) 20.0% (i) (ii) (iii) / 2014 83
XIII XIV XV 5.0% 84 / 2014
25% / 2014 85
8.1 1 97.00 485 5 0 3 5,820 19 1,844.34 217,632 118 122 5.33 2,545,798 27 28 3,688.68 461,085 125 121 5.04 5,429,696 22 23 3,688.68 387,311 105 75 5 4,549,849 12,531,163 86 / 2014
7,621.03 100,000 13 0 3 1,200,000 1,200,000 303 501.05 55,116 110 61 4 663,738 808 188.80 26,432 140 0 2 317,184 980,922 / 2014 87
0601-A (1) 489.11 97,334 199 0 3 1,897,571 0601-G H (2) 1,612.66 320,918 199 0 3 3,412,864 1501 1601 6,297.82 1,391,818 221 0 3 17,610,684 5801-A 04 05 06 07 5801-B 02 03 2,076.80 535,814 258 0 3 6,750,452 1,384.53 357,209 258 0 3 4,500,289 6401 6501 6,509.02 2,089,396 321 0 3 26,461,770 0440-E F 1,112.51 196,914 177 0 1 2,362,966 0440-H 476.79 84,392 177 0 1 1,012,703 6301-C 724.35 231,792 320 0 3 2,817,902 (11) 1101 1401 6,062.80 1,339,878 221 0 3 16,953,476 1701-D 201.17 46,470 231 0 3 564,932 0601-E 46.25 9,204 199 0 1.5 111,898 0601-D 138.72 27,605 199 0 3 335,614 1701-E (3) 856.70 196,184 229 0 1.5 2,454,432 0440-D 193.62 34,270 177 0 1 411,238 1701-C 267.09 61,698 231 0 3 750,057 1701-B 261.52 60,411 231 0 3 734,409 0440-A 184.94 32,734 177 0 1 392,809 6301-A E 696.58 222,907 320 0 3 2,661,982 (9) 0440-C 72.24 12,787 177 0 1 153,442 (9) 88 / 2014
1,865.17 466,293 250 0 3 2,759,890 27 28 (6) (10) 0601-B 225.09 44,793 199 0 3 544,584 (10) 6301-B 930.54 297,771 320 0 3 3,556,027 (10) 0440-B 92.47 16,367 177 0 1 196,403 6301-D F 860.73 275,434 320 0 3 3,443,297 3801-3803 (4) 842.52 197,992 235 0 2 2,397,985 5604 533.50 137,643 258 0 2 1,651,716 (8) 0601-C 245.03 48,761 199 0 3 592,822 (8) 1901 2001 6,406.78 1,512,000 236 0 3 18,520,512 (8) 0440-G 392.99 69,560 177 0 1 834,719 0601-F 125.44 24,963 199 0 3 303,490 1701-A 1,586.47 366,475 231 0 3 4,455,183 1001-1012 2,972.84 594,572 200 0 3 7,247,163 2403 534.80 112,308 210 0 3 1,248,333 0440-I 130.03 23,015 177 0 1 276,181 0440-J 43.34 7,672 177 0 1 92,064 (11) (5) 71,082.79 1,187,000 17 0 1 14,157,000 / 2014 89
103 631.28 233,068 369 0 3 1,314,709 203 (7) (10) 3601 283.16 71,356 252 0 1.25 623,975 156,567,543 171,279,628 (1) 601A 489.11 1,224.74 (2) 601GH 1,612.6 877.03 (3) 1701E 8 249 (4) 3801-03 7 247 (5) (6) 27-28 (7) 103 203 349 (8) (9) (10) (11) 90 / 2014
10,984,000 2,724,000 2,377,000 2,140,000 2,534,000 1701 12,363,000 / 2014 91
(6) (1) (1) 20,000,000 508,081,600 52,249,000 92 / 2014
45 75% 24% 1% 8 * * (1) 350,000,000 6,879,000 (1) GZI REIT (Holding) 2005 Company Limited Yuexiu REIT MTN Company Limited / 2014 93
8 (a) (b) (c) 105,713,000 95% 5% 7,609,000 791,000 94 / 2014
XV 1,825 0.000066% 1,825 0.000065% (0.000001) 1,729,875,904 (3) 62.52% 1,762,973,259 (3) 62.97% (4) 0.45% (1) 1,729,875,904 (3) 62.52% 1,762,973,259 (3) 62.97% (4) 0.45% 27,320 27,320 1,729,848,584 (3) 62.52% 1,762,945,939 (3) 62.97% (4) 0.45% 1,729,875,904 (3) 62.52% 1,762,973,259 (3) 62.97% (4) 0.45% (2) 1,720,614,319 (3) 62.19% 1,753,711,674 (3) 62.64% (4) 0.45% 1,720,614,319 (3) 62.19% 1,753,711,674 (3) 62.64% (4) 0.45% Dragon Yield Holding Limited 1,697,125,730 (3) 61.34% 1,697,125,730 (3) 60.62% (4) (0.72%) 1,697,125,730 (3) 61.34% 1,697,125,730 (3) 60.62% (4) (0.72%) 23,488,589 0.85% 56,585,944 2.02% 1.17% 23,488,589 0.85% 56,585,944 2.02% 1.17% / 2014 95
(1) 100.00 27,320 100.00 1,762,945,939 (3) Excellence Enterprises Co., Ltd. 100.00 1,761,646,709 (3) Bosworth International Limited Excellence Enterprises Co., Ltd. 100.00 1,753,711,674 (3) Bosworth International Limited Excellence Enterprises Co., Ltd. 100.00 5,698,282 Bosworth International Limited 33.89 1,753,711,674 (3) 100.00 1,697,125,730 (3) Sun Peak Enterprises Ltd. Excellence Enterprises Co., Ltd. 100.00 1,414,207 Novena Pacific Limited Sun Peak Enterprises Ltd. 100.00 1,414,207 Shine Wah Worldwide Limited Excellence Enterprises Co., Ltd. 100.00 395,122 Morrison Pacific Limited Shine Wah Worldwide Limited 100.00 395,122 Perfect Goal Development Co., Ltd. Excellence Enterprises Co., Ltd. 100.00 339,342 Greenwood Pacific Limited Perfect Goal Development Co., Ltd. 100.00 339,342 Seaport Development Limited Excellence Enterprises Co., Ltd. 100.00 88,082 Goldstock International Limited Seaport Development Limited 100.00 88,082 100.00 1,299,230 100.00 56,585,944 (2) 1,753,711,674 (3) 733,280,494 4.00 (4) 36.78% 36.45% 96 / 2014
480 0.000017% 480 0.000017% 1,250 0.000045% 1,250 0.000045% (1) 510 0.000018% 510 0.000018% 1,000 0.000036% 1,000 0.000036% 225 0.000008% 225 0.000008% (1) 255 (1) 437,040 0.0156% 0.0156% (1) / 2014 97
14 59 34 13 2014 2013 2013 2013 2013 2013 98 / 2014
2014 2014 2014 2014 2014 2014 2014 CEO 7 / 2014 99
20142014 100 / 2014
160 24 1 17 DC/FW/SN/WW/VA21112-2014 HKIS 2012 RICS2014 1 2014 8 / 2014 101
IVSC 2013 10 102 / 2014
MRICS MHKIS RPS(GP) CREA MSc(RealEst) MCIM MRICS MHKIS RPS(GP) BSc(Hons) BCom(Finance) 8% 11.6% 7.7% 7.4% CPI 2.3% 30 36 11 CPI 5.22% 0.31% 6% 5.6% 4.5% 4.25% / 2014 103
12% 12.7% 12.1% 5% 29% 1,100 200 500 340 11.5% 12.6% 1.1 153 148.3 2.3% 3.17% 400,000 70% 18.2% 186 15.2% 2.5% 207 104 / 2014
1,500 13,331 65% 60% 800 837 4.6% 400,000 80% 7.2% / 2014 105
(1) (2) (3) MRICS MHKIS RPS(GP) CREA RICS MSc(RealEst) MCIM MRICS MHKIS RPS(GP) RICS 417 RICS 31 417 RICS 14 106 / 2014
1. 16,066,000,000 5 2. 4,299,500,000 14 16 18 3. 853,000,000 114 116 118 4. 710,500,000 185 187 189 5. 815,000,000 101 6. 825,000,000 232 234 236 238 240 242 244 246 248 250 252 254 256 258 23,569,000,000 / 2014 107
1. 5 103 4 28 27,508 1,679 457,356.68 40 50 6 46,989.16 2,698.93 99.72% 90.75% 100% 43,037,590 16,066,000,000 183,539.65 314 51,102.26 2,866.96 108 / 2014
344 89,198.83 1,679 71,082.79 15,443.99 1. 廣州越秀城建國際金融中心有限公司 2. 183,963.34 620 720 730 820 830 920 930 1020 1030 1120 1130 1220 1230 1320 1330 1420 1430 1520 1530 1620 1630 1720 1730 1820 1830 1920 1930 2020 2030 2120 2130 2220 2230 2320 2330 2420 2430 2520 2530 2620 2630 2720 2730 2820 2830 4501 4502 4503 4504 4505 4506 4601 4602 4603 4604 4605 4606 4701 4702 4703 4704 4705 4706 5001 5002 5003 5004 5005 5006 5101 5102 5103 5104 5105 5106 5201 5202 5203 5204 5205 5206 5301 5302 5303 5304 5305 5306 5307 5401 5402 5403 5404 5405 5406 5407 5501 5502 5503 5504 5505 5506 5507 5601 5602 5603 5604 5605 5606 5607 5701 5702 5703 5704 5705 5706 5707 5801 5802 5803 5804 5805 5806 5807 6101 6201 6301 6401 6501 6801 6901 7001 7201 7401 8001 8201 10001 3. 10 10 2.0% 3.0% 6.0% 4. 15 10 1.75% 0.25% 2.0% 8.0% / 2014 109
5. 46,727.27 46,595.81 87,430,000 183,539.66 166,565.18 412,790,000 71,082,79 71,082.79 14,070,000 301,349.72 284,243.78 514,290,000 6. 51,102.26 314 48,550,000 89,198.83 344 72,300,000 140,301.09 658 120,850,000 7. 0 1 5.8% 1 2 0.0% 2 3 1.7% 3 4 1.1% 4 5 0.0% 5 6 1.3% 6 90.1% 100.0% 110 / 2014
8. 7.2% 0.0% 1.4% 0.0% 1.3% 0.0% 0.0% 0.0% 0.0% 0.0% 90.1% 100.0% 9. 0 1 13.4% 1 2 4.2% 2 3 41.6% 3 4 2.4% 4 5 32.6% 5 6 4.6% 6 7 0.0% 7 8 0.7% 8 9 0.0% 9 10 0.5% 100.0% 10. 35.2% 21.8% 18.5% 9.6% 14.4% 0.0% 0.5% 100.0% / 2014 111
11. 12. 13. C 4.75% 5.25% 7.50% 4.50% 5.00% 7.25% 984 1 90.00% 7.50% 1,965 1 70.00% 8.00% 4.50% 5.00% 7.25% 14. 2,519,000,000 2,504,000,000 2,511,500,000 8,768,000,000 8,783,000,000 8,775,500,000 2,020,000,000 2,020,000,000 2,250,000,000 2,250,000,000 509,000,000 509,000,000 509,000,000 16,066,000,000 15. 3.95% 112 / 2014
2. 14 16 18 10 50,199.35 100% 29,764,198 4,299,500,000 1,121.68 7,667.04 7,199.80 7,684.91 7,695.56 7,466.39 7,443.90 2,003.54 1,916.53 50,199.35 22,551.75 7,164.20 40 1,121.68 531.36 18,830.36 50 / 2014 113
1. 柏達投資有限公司 2. 50,128.90 50,128.90 356,610,000 50,128.90 50,128.90 356,610,000 3. 0 1 5.2% 1 2 5.1% 2 3 21.8% 3 4 36.8% 4 5 19.3% 5 11.8% 100.0% 4. 35.1% 14.4% 34.5% 15.6% 0.4% 100.0% 114 / 2014
5. 6. 7. 7.75% 8.25% 9.45% 8. 4,310,000,000 4,289,000,000 4,299,500,000 9. 8.29% / 2014 115
3. 114 116 118 30 20 2 41,355.20 3,853.07 37,502.13 99.64% 5,761,792 853,000,000 8 41,355.20 40 50 1. 40,356.19 金峰有限公司 2. 1701 999.01 廣州捷雅城房地產開發有限公司 3. 109 801 802 803 805 806 808 903 905 906 908 1101 1102 1108 1201 1202 1203 1205 1206 1208 1301 1302 1303 1306 1305 1308 1401 1402 1403 1405 1406 1408 1701 1901 1902 1903 1905 1906 1908 2501 2601 2705 2801 3401 3501 3601 37 1101 1102 1103 1105 1106 1108 1201 1202 1203 1205 1206 1208 1301 1302 1303 1305 1306 1308 1401 1402 1403 15 16 17 18 1902 1903 1905 1906 2401 2501 116 / 2014
4. 3,853.07 3,853.07 14,110,000 37,502.13 37,352.13 55,030,000 41,355.20 41,205.20 69,140,000 5. 0 1 0.0% 1 2 14.0% 2 3 19.6% 3 4 18.3% 4 5 29.1% 5 6 6.5% 6 7 0.2% 7 8 1.9% 8 9 0.0% 9 10 10.4% 100.0% 6. 26.7% 17.5% 34.3% 0.0% 9.2% 1.9% 0.0% 10.4% 100.0% 7. 8. / 2014 117
9. 7.50% 8.00% 9.25% 7.00% 7.50% 9.25% 10. 860,000,000 846,000,000 853,000,000 11. 8.11% 12. 廣州捷雅城房地產開發有限公司 21,550,000 4. 185 187 189 28 42,397.36 11,757.54 30,639.82 93.58% 4,815,945 710,500,000 42,397.36 40 50 1. 福達地產投資有限公司 118 / 2014
2. 101 102 103 201 202 6A 6C 6D 6E 6F 6G 6I 6J 7A 7H 7I 7J 8C 8D 8E 8F 8G 8H 9D 9E 9F 9G 9H 10A 10C 10D 10E 10F 10G 10H 10I 11A 11B 11C 11D 11E 11F 11G 11H 11I 11J, Level 16 17A 17B 17C 17D 17E 17F 17G 17I 17J 18A 18B 18C 18D 18E 18F 18G 18H 18I 18J 19A 19B 19C 19D 19E 19F 19G 19H 19I 19J 20A 20B 20C 20D 20E 20F 20G 20H 20J 21A 21B 21C 21D 21E 21F 21G 21H 21I 22A 22B 22C 22D 22E 22F 22G 22H 22I 22J 23A 23B 23C 23D 23E 23F 23G 23H 23I 23J 24A 24B 24C 24D 24E 24F 24G 24H 24I 24J 25A 25B 25C 25D 25E 25F 25G 25H 25I 25J 26A 26B 26C 26D 26E 26F 26G 26H 26I 26J 27A 27B 27C 27D 27E 27F 27G 27H 27I 27J 28A 28B 28C 28D 28E 28F 28G 28H 28I 28J 3. 11,757.54 10,777.88 16,370,000 30,639.82 28,899.58 41,430,000 42,397.36 39,677.46 57,800,000 3. 0 1 2.7% 1 2 8.8% 2 3 18.8% 3 4 10.7% 4 5 20.9% 5 6 38.1% 100.0% / 2014 119
4. 27.9% 32.7% 31.9% 7.2% 0.3% 100.0% 5. 6. 7. 8.00% 8.50% 9.25% 7.50% 8.00% 9.25% 8. 719,000,000 702,000,000 710,500,000 120 / 2014
9. 8.14% 5. 101 27,698.14 1,809.21 (101) 473.71 (102) 1,553.52 1,006.22 3,968.92 4,756.74 4,756.74 4,769.85 4,603.23 99.37% 6,771,202 815,000,000 27,698.14 40 1. 2. 27,262.27 27,090.04 80,160,000 ` 27,262.27 27,090.04 80,160,000 ` / 2014 121
3. 0 1 2.8% 1 2 0.0% 2 3 8.7% 3 4 7.3% 4 5 4.1% 5 6 11.9% 6 7 16.1% 7 8 11.1% 8 9 0.0% 9 10 0.0% 10 11 38.0% 100.0% 4. 9.6% 2.7% 9.8% 2.9% 18.6% 7.3% 11.1% 0.0% 38.0% 100.0% 122 / 2014
5. 6. 7. 7.50% 8.00% 9.43% 8. 816,000,000 814,000,000 815,000,000 / 2014 123
9. 9.84% 6. 232 234 236 238 240 242 244 246 248 250 252 254 256 258 26 61,964.30 * 7,549.03 15,445.51 4,527.96 34,441.75 97.34% 100% 5,204,325 825,000,000 61,964.25 * 72.0 40 50 1. 廣州捷雅城房地產開發有限公司 124 / 2014
2. 501 502 503 504 505 506 507 508 509 701 702 703 705 706 1104 1304 1402 1404 1405 1406 1408 1504 1508 1601 1602 1603 1604 1605 1606 1607 1608 1609 1610 1701 1702 1703 1704 1705 1706 1707 1708 1709 1710 1801 1802 1803 1804 1805 1806 1807 1808 1809 1810 1901 1902 1903 1904 1905 1906 1907 1908 1909 1910 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2101 2102 2103 2104 2105 2106 2107 2108 2109 2110 2201 2202 2203 2204 2205 2206 2207 2208 2209 2210 2301 302 2303 2304 2305 2306 2307 2308 2309 2310 2311 501 502 503 805 904 905 1005 1105 1304 1305 1401 1403 1404 1405 1501 1502 1503 1504 1505 1601 1604 1605 1704 170 501 502 503 504 505 506 706 707 709 801 1001 1101 1109 1201 1401 1408 1501 1502 1503 1504 1505 1506 1507 1508 1509 1601 1608 1609 1701 1801 1809 1901 1902 1903 1904 1905 1906 1907 1908 1909 2001 2002 2003 2004 2005 2006 2007 2008 2009 2101 2102 2103 2104 2105 2106 2107 2108 2109 2201 2202 2203 2204 2205 2206 2207 2208 2209 2301 2302 2303 2304 2305 2306 2307 2308 2309 2310 3. 15,445.51 15,445.51 22,030,000 34,441.79 33,113.21 39,230,000 7,549.03 7,549.03 1,200,000 57,436.33 56,107.75 62,460,000 / 2014 125
4. 0 1 1.7% 1 2 14.7% 2 3 34.0% 3 4 19.6% 4 5 8.9% 5 6 1.9% 6 7 17.5% 7 8 1.7% 100.0% 5. 29.4% 46.5% 16.1% 6.9% 1.1% 100.0% 6. 7. 126 / 2014
8. 6.50% 7.00% 9.18% 7.50% 8.00% 9.18% 10.00% 10.00% 9.18% 9. 831,000,000 819,000,000 825,000,000 10. 7.57% / 2014 127
571 104 130 183 C 128 / 2014
/ 2014 129
5 1,571,168 1,370,653 6 (922,435) (824,071) 15 672,216 332,788 9 165,497 234,722 10 (381,203) (441,431) 1,105,243 672,661 11 (177,276) (148,594) 927,967 524,067 27 (1,014,632) (631,117) (86,665) (107,050) 125,089 149,656 (35,024) (41,925) 90,065 107,731 3,400 681 130 / 2014
27 524,553 (631,117) (106,564) (486) (107,050) 106,564 106,564 1,167 107,731 631,117 (631,117) 681 681 925,506 (1,014,632) (89,126) 2,461 (86,665) 89,126 89,126 939 90,065 1,014,632 (1,014,632) 3,400 3,400 (i) 90% 80 32 (ii) 12 138 183 / 2014 131
13 2,369,494 2,342,284 14 1,577,109 1,626,394 15 19,299,000 18,605,000 17 175,670 142,487 18 160,324 160,324 19 118,448 109,959 23,700,045 22,986,448 4,438 3,607 20 11,564 10,971 29 531,855 766,523 1,160 1,360 21 31,368 27,001 19 82,721 113,844 22 13,153 22 986,300 639,786 1,662,559 1,563,092 25,362,604 24,549,540 24 14,518 12,935 25 131,172 102,049 25 59,674 48,681 25 1,003,370 1,201,283 29 69,371 68,141 26 300,000 300,000 1,578,105 1,733,089 132 / 2014
25 113,281 115,456 25 25,638 26 7,809,396 7,541,894 23 2,607,530 2,406,333 10,555,845 10,063,683 12,133,950 11,796,772 27 13,141,954 12,669,468 25,275,904 24,466,240 86,700 83,300 201,529 112,403 (201,529) (112,403) 86,700 83,300 86,700 83,300 84,454 (169,997) 23,784,499 22,816,451 27 2,799,796 2,766,698 4.69 4.58 3.93 3.81 138 183 / 2014 133
925,506 524,553 (i) (672,216) (332,788) 78,559 41,688 (256,532) (276,134) (130,498) 75,317 (173,179) ii 104,399 165,812 256,532 276,134 148,144 144,335 72,235 77,803 100,428 99,461 24,055 (105,388) (15,823) 11,047 662,714 598,598 320,053 284,658 (iii) 27 (643,932) (563,203) 338,835 320,053 (iv) 0.1210 0.1157 134 / 2014
(i) (ii) (iii) 0.1149 0.1455 0.1157 0.1456 643,932,000 563,203,000 702,019,000 (iv) 0.1210 0.1530 338,835,000 428,369,000 138 183 / 2014 135
12,524,083 (5,839) 5,839 82,619 12,606,702 77,471 77,471 631,117 631,117 (106,564) (486) (107,050) (563,203) (563,203) 106,564 1,167 107,731 12,669,468 (112,403) 112,403 83,300 12,752,768 12,669,468 (112,403) 112,403 83,300 12,752,768 101,786 101,786 1,014,632 1,014,632 (89,126) 2,461 (86,665) (643,932) (643,932) 89,126 939 90,065 13,141,954 (201,529) 201,529 86,700 13,228,654 138 183 136 / 2014
28 861,050 749,721 (352,733) (405,648) (10,903) (10,039) 128,022 233,668 625,436 567,702 (21,784) (8,212) (980) (367) 60,109 88,401 (13,153) 125,000 24,192 204,822 (643,932) (563,203) 629,032 4,202,491 (390,000) (4,623,518) 101,786 77,471 (303,114) (906,759) 346,514 (134,235) 639,786 774,021 22 986,300 639,786 138 183 / 2014 137
1 104 160-174 24 2 (a) C 4 (i) 32 36 39 10 12 27 21 138 / 2014
2 (a) (ii) 1 19 16 38 16 41 27 9 10 12 28 10 28 11 14 15 / 2014 139
2 (b) (i) (ii) 39 140 / 2014
2 (c) (d) (i) (ii) (e) (i) / 2014 141
2 (e) (ii) 40 3 5 5 (f) 142 / 2014
2 (g) (h) (i) (j) / 2014 143
2 (k) (l) (m) (n) 144 / 2014
2 (o) (p) (q) 12 (r) / 2014 145
2 (s) (i) (ii) (iii) 146 / 2014
2 (t) (i) (ii) (iii) (u) (v) 90% 32 (i) / 2014 147
2 (v) (ii) (a) (b) 37 12 3 (a) (i) (a) 1% 22,214,000 39,875,000 148 / 2014
3 (a) (i) (b) 1% 80,306,000 93,190,000 (ii) 16,710 4,884 786,822 557,640 187,160 49,788 990,692 612,312 / 2014 149
3 (a) (iii) 999,453,000 639,786,000 90% 131,172 25,212 77,066 11,003 244,453 14,518 14,518 1,003,370 1,003,370 69,371 69,371 300,000 2,601,733 1,663,755 1,420,000 5,985,488 406,035 382,379 426,720 191,135 1,406,269 2,123,908 2,123,908 65,841 65,841 27,434 159,116 102,049 64,819 48,746 21,804 237,418 12,935 12,935 1,201,283 1,201,283 68,141 68,141 300,000 300,000 3,208,510 1,955,000 5,763,510 297,057 276,747 586,016 360,503 1,520,323 2,171,225 2,171,225 67,308 67,308 28,045 162,661 150 / 2014
3 (b) 45% 26 8,109,396 7,841,894 25,362,604 24,549,540 32% 32% (c) 13 15 19 / 2014 151
4 (a) (i) (ii) (iii) 13 15 (b) 2(g) 18 152 / 2014
5 444,430 639,548 487,190 1,571,168 340,377 510,755 592,629 1,443,761 146,137 2,007 148,144 376,300 295,916 672,216 335,172 573,101 462,380 1,370,653 255,093 344,149 344,989 944,231 142,308 2,027 144,335 162,242 170,546 332,788 4,667,646 11,728,693 8,781,354 25,177,693 4,615,293 14,529,027 5,231,764 24,376,084 / 2014 153
5 1,443,761 944,231 (122,812) (64,861) 1,320,949 879,370 165,497 234,722 (381,203) (441,431) 1,105,243 672,661 25,177,693 24,376,084 1,160 1,360 183,751 172,096 25,362,604 24,549,540 1,571,168 1,370,653 25,177,693 24,376,084 184,911 173,456 25,362,604 24,549,540 154 / 2014
5 244,496 170,102 183,317 154,276 1,108,421 1,015,481 34,934 30,794 1,571,168 1,370,653 6 (i) 33,122 29,649 7 117,709 102,584 149,336 137,367 92,409 84,068 (ii) 56,132 50,728 13 98,859 95,050 14 49,285 49,285 47,273 52,100 133,184 94,760 8 105,713 99,461 7,609 7,365 791 908 8,796 3,038 3,192 3,100 701 926 18,324 13,682 922,435 824,071 (i) (ii) 29 10% / 2014 155
7 83,374 62,039 4,541 4,313 3,454 2,574 5,679 4,820 20,661 28,377 461 117,709 102,584 16% 24% 8 0.3% 3% 100,428 99,461 5,285 105,713 99,461 (i) (ii) 156 / 2014
9 7,860 13,194 52,249 75,207 7,121 9,011 98,267 6,812 130,498 165,497 234,722 10 286,076 363,017 66,657 42,631 17,423 35,783 11,047 381,203 441,431 11 25% 6(ii) 10,770 10,380 333 234 23 166,173 137,980 177,276 148,594 / 2014 157
11 1,105,243 672,661 25% 276,311 168,165 (219,539) (147,034) 103,724 102,786 333 234 16,447 24,443 177,276 148,594 12 (a) 925,506 524,553 2,785,752 2,755,126 0.33 0.19 158 / 2014
12 (b) 925,506 524,553 2,785,752 2,755,126 733,280 733,280 16,364 9,178 3,535,396 3,497,584 0.26 0.15 / 2014 159
13 2,292,000 12,692 9,503 2,314,195 (22,139) (12,259) (625) (35,023) 8,139 8,139 2,278,000 433 8,878 2,287,311 2,278,000 433 8,878 2,287,311 367 - - 367 6 (93,023) (153) (1,874) (95,050) 149,656 149,656 2,335,000 280 7,004 2,342,284 2,292,367 12,692 9,503 2,314,562 (115,162) (12,412) (2,499) (130,073) 157,795 157,795 2,335,000 280 7,004 2,342,284 2,335,000 280 7,004 2,342,284 980 980 6 (96,852) (132) (1,875) (98,859) 125,089 125,089 2,364,217 148 5,129 2,369,494 2,293,347 12,692 9,503 2,315,542 (212,014) (12,544) (4,374) (228,932) 282,884 282,884 2,364,217 148 5,129 2,369,494 2,083,962,000 2,176,522,000 2,364,000,000 2,335,000,000 26 160 / 2014
13 2,335,000 2,278,000 980 367 (96,852) (93,023) 125,089 149,656 2,364,217 2,335,000 125,089 149,656 / 2014 161
13 (%) (%) 2,000 7.0 75.0 984 7.5 85.0 (%) (%) 2,000 8.0 75.0 950 7.5 90.0 162 / 2014
14 1,626,394 1,675,679 6 (49,285) (49,285) 1,577,109 1,626,394 10 50 1,577,109 1,626,394 1,906,000,000 1,809,000,000 1,577,000,000 1,626,000,000 26 15 18,605,000 18,264,000 21,784 8,212 672,216 332,788 19,299,000 18,605,000 672,216 332,788 40 50 185,072,000 169,903,000 5,115,000 7,743,000 / 2014 163
15 5,911,000,000 5,812,000,000 26 164 / 2014
15 81 265 5.00% 8.00% 86 1,096 5.25% 8.50% 94 260 5.00% 8.00% 58 1,250 5.25% 8.50% 81 265 7.00% 9.50% 90.00% 99.00% 86 1,096 7.25% 9.80% 95.00% 99.50% 94 260 7.25% 9.50% 90.00% 99.00% 58 1,250 7.50% 9.80% 95.00% 99.50% / 2014 165
16 2005 1 100% 2005 2012 2012 1 1 100% Yuexiu REIT MTN Company Limted REIT MTN 1 1 100% Yuexiu REIT 2013 Company Limited REIT 2013 1 1 100% 1 100% 1 1 100% 1 1 100% 1 1 100% 1 100 100% 1 92,000,000 100% 166 / 2014
16 Tower Top Development Ltd. Tower Top 10,000 1 99.99% Bliss Town Holdings Ltd. 1 1 99.99% Hoover Star International Ltd. 1 1 99.99% Miller Win Group Ltd. 1 1 99.99% Shinning Opal Management Ltd. 1 1 99.99% 1 99.99% 1 99.99% 1 99.99% 1 99.99% 3 3 99.99% 99.99% / 2014 167
16 3 3 99.99% 99.99% 26.5 5 98.99% 98.99% 2005 2012 REIT MTN REIT 2013 17 168 / 2014
18 160,324 160,324 160,324 160,324 160,324 160,324 3.40% 4% 6.87% 8.62% / 2014 169
19 2.970% 3.575% 104,399,000 165,812,000 20 11,564 10,971 0 30 10,031 2,004 31 90 967 8,211 91 180 566 267 181 365 489 11,564 10,971 11,564,000 10,971,000 170 / 2014
21 22 804,850 615,130 181,450 24,656 986,300 639,786 13,153 999,453 639,786 999,049 639,375 786,480,000 575,072,000 3(a)(ii) 212,200 63,353 786,884 575,483 369 950 999,453 639,786 / 2014 171
23 12 2,607,530 2,406,333 2,406,333 2,226,428 11 166,173 137,980 35,024 41,925 2,607,530 2,406,333 35,937 35,937 35,937 36,071 72,008 172 / 2014
23 1,952,613 238,970 34,845 2,226,428 41,688 16,566 115,663 173,917 41,925 41,925 2,036,226 255,536 150,508 2,442,270 2,036,226 255,536 150,508 2,442,270 78,559 5,702 117,983 202,244 35,024 35,024 2,149,809 261,238 268,491 2,679,538 24 14,518 12,935 / 2014 173
24 0 30 10,991 8,571 31 90 2,680 4,189 91 180 844 117 181 365 3 58 14,518 12,935 25 131,172 102,049 113,281 115,456 244,453 217,505 59,674 48,681 25,638 85,312 48,681 6,801 7,903 5,362 5,887 873,161 1,097,022 118,046 90,471 1,003,370 1,201,283 1,333,135 1,467,469 174 / 2014
26 300,000 300,000 3,290,000 3,680,000 2,695,488 2,050,832 2,123,908 2,111,062 8,109,396 7,841,894 (300,000) (300,000) 7,809,396 7,541,894 4,819,396 4,161,894 3,290,000 3,680,000 8,109,396 7,841,894 1 9,852,000,000 Yuexiu REIT 2012 Company Limited Yuexiu REIT 2012Tower Top Development Ltd Tower TopBVI 2 3 (a) (b)(c) Yuexiu REIT 2012 Tower Top BVI 2 3 1 3,290,000,000 2,227,000,000 Tower Top BVI 2 3 2 BVI Bliss Town Holdings Ltd. Hoover Star International Ltd. Miller Win Group Ltd. Shinning Opal Management Ltd. 3 / 2014 175
26 300,000 300,000 6,389,396 5,676,894 1,420,000 1,865,000 6.50% 6.92% 2.00% 2.55% 3.15% 3.10% 3,290,000 3,680,000 2,695,488 2,050,832 2,123,908 2,111,062 8,109,396 7,841,894 200,000,000 Yuexiu REIT MTN Company Limited 10 3.5 3.10% 176 / 2014
27 12,669,468 12,524,083 101,786 77,471 1,014,632 631,117 (643,932) (563,203) 13,141,954 12,669,468 11,012,373 10,539,887 2,129,581 2,129,581 13,141,954 12,669,468 26 733,280,000 733,280,000 2,766,698 2,743,210 33,098 23,488 2,799,796 2,766,698 33,098,000 23,488,000 / 2014 177
28 1,105,243 672,661 98,859 95,050 49,285 49,285 17,423 35,783 11,047 (130,498) (672,216) (332,788) (98,267) (6,812) (60,109) (88,401) (7,121) (9,011) 352,733 405,648 (33,183) (25,990) (831) 364 (593) 320 234,668 221,156 (4,367) (2,245) 1,583 4,258 26,948 22,785 36,631 23,842 (197,913) (207,537) 1,230 21,851 861,050 749,721 29 36% 36% 64% 64% 1 1 1 1 178 / 2014
29 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 / 2014 179
29 1 1 1 1 1 (a) (b) (a) (ii) (105,713) (99,461) (9,775) (8,971) (10,984) (10,180) (12,363) (10,498) 5,747 5,744 2,552 3,114 33,971 36,162 1,200 1,200 4,550 4,550 33,872 31,288 20,366 20,970 2,910 3,009 565 565 180 / 2014
29 (a) 19,948 19,924 2,815 2,802 14,157 13,622 5,371 4,258 5,711 4,482 2,760 5,635 4,921 4,247 734 1,130 750 750 5,151 4,759 664 500 1,248 1,197 1,315 20,000 20,000 52,249 75,207 (7,609) (7,365) (395) (396) (908) 6,879 (6,314) 15 (4,342) (i) (ii) 0.3% 3% 8 / 2014 181
29 (b) (i) 531,855 766,523 (941) (812) (1,344) (1,863) (55,983) (54,540) (1,103) (926) (10,000) (10,000) (ii) (29,252) (29,035) 508,000,000 729,000,000 9% (i) Tower Top 1,293,000,000 Tower Top 532,000,000 767,000,000 100,000,000 (ii) (c) 182 / 2014
30 15,137 8,336 40,841 51,810 55,978 60,146 31 1,001,602 933,480 1,816,774 1,334,683 502,293 598,874 3,320,669 2,867,037 / 2014 183
13,141,954,000 12,669,468,000 12,524,083,000 5,095,264,000 3,980,990,000 4.69 4.58 4.57 4.78 3.73 5.95 5.83 5.63 5.90 4.38 (i) (i) 2.36 (i) 2.15 (i) 2.27 2.80 1.44 10.76% (ii) 6.39% (ii) 16.04% 44.01% 15.85% 2,799,795,685 2,766,698,330 2,743,209,741 1,065,972,687 1,065,972,687 (i) 4.08 4.91 3.59 3.68 (ii) 3.893.78 184 / 2014
927,967 524,067 687,802 1,337,275 635,635 25,362,604 24,549,540 24,874,112 7,375,278 6,024,293 12,133,950 11,796,772 12,267,410 2,280,014 2,043,303 13,141,954 12,669,468 12,524,083 5,095,264 3,980,990 / 2014 185
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00405 350,000,000 3.10 05943 (852) 2593 2326 (852) 2519 6473 alan.ha@yuexiu.com 188 / 2014