HaiNanPearlRiverHoldingsCo.,Ltd. ThirdQuarterReport2017 HAINAN PEARL RIVER HOLDINGS CO., LTD.
THIRD QUARTER REPORT 2017
October 2017
HaiNanPearlRiverHoldingsCo.,Ltd. ThirdQuarterReport2017 Section I Important Statements
The Board of Directors, the Supervisory Committee, directors, supervisors and senior management staff of HaiNan Pearl River Holdings Co., Ltd. (hereinafter referred to as “the Company”) warrant that the information carried in this report is factual, accurate and complete, without any false record, misleading statement or material omission.And they shall bejointly andseverally liableforthat.
Director Xue Chunleididn’t attend the board session in person due to the cause of work, authorizing director Zhao Yinhu to attend and vote. Other directors have attended the board session forreviewing this reportin person.
Wang Chunli, company principal, Guan Ying, chief of the accounting work and Guan Ying, head of the accounting department (head of accounting) of the Company, hereby confirm that theFinancial Reportcarried inthisReport is factual, accurate andcomplete.
This Report is prepared in both Chinese and English. Should there be any discrepancy between thetwo versions, theChineseversion shall prevail.
HaiNanPearlRiverHoldingsCo.,Ltd. ThirdQuarterReport2017 Section II Company Fundamentals
I KeyConsolidated Financail Results
IndicatebytickmarkwhethertheCompanyneedstoretrospectivelyrestateanyofitsaccountingdata.
√Yes□No
Reason:
Businessmergerunderthesamecontrol
||||||
|-|-|-|-|-|
||September30,2017|December31,2016||Change|
|||Beforeadjustment|Afteradjustment|Afteradjustment|
|Totalassets(RMB)|4,747,421,920.84|1,385,469,635.17|5,007,343,324.00|-5.19%|
|Equityattributabletoownersoftheparent(RMB)|1,680,315,717.61|65,088,302.88|2,032,242,890.44|-17.32%|
||July-September2017|YoYchange|January-September2017|YoYchange|
|Netsales(RMB)|2,232,700,520.70|-22.04%|5,515,262,797.63|-7.79%|
|Net margin attributable toshareholders of the Company(RMB)|42,164,080.63|14.41%|113,833,212.48|60.02%|
|Net margin attributable toshareholders of the Companybeforeexceptionalgainsandlosses(RMB)|-18,544,858.72|-148.90%|5,766,539.70|116.35%|
|Net cash from operating activities(RMB)|--|--|-1,071,443,766.31|-278.96%|
|Basicearningspershare(RMB/share)|0.07|16.67%|0.18|63.64%|
|Dilutedearningspershare(RMB/share)|0.07|16.67%|0.18|63.64%|
|Weightedaveragereturnonequity(%)|2.05%|-0.08%|5.45%|1.38%|

Exceptionalgainsandlosses:
√Applicable□Notapplicable
Unit:RMB
||||
|-|-|-|
|Item|January-September2017|Note|
|Capitaloccupationchargesonnon-financialenterprisesthatare|16,810,053.35||

HaiNanPearlRiverHoldingsCo.,Ltd. ThirdQuarterReport2017
||||
|-|-|-|
|chargedtotheprofit/lossfortheReportingPeriod|||
|ReportingPeriodnetprofit/lossofsubsidiariesacquiredthroughbusinessmergersunderthesamecontrolfromperiod-beginningstomergerdates|117,422,986.25||
|Non-operatingincomeandexpenseotherthanabove|-1,007,624.03||
|Minorityinterestseffects(aftertax)|25,158,742.79||
|Total|108,066,672.78|--|

Explanation of why the Company classified an item as an exceptional gain/loss according to the definition in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to thePublic—Exceptional Gains and Losses, or reclassified any exceptional gain/loss item given as an example in the said explanatory announcement as a recurrent gain/loss:
□Applicable√Notapplicable
NosuchcasesintheReportingPeriod.
II Total Numberof Shareholders and Shareholdings ofTop 10Shareholders at Period-End 1. Numbers of Common Shareholders and Preference Shareholders with Resumed Voting Rights, and ShareholdingsofTop10Shareholders
Unit:share
||||||||||
|-|-|-|-|-|-|-|-|-|
|Totalnumberofcommonshareholdersatperiod-end||30,806|||Totalnumberofpreferenceshareholderswithresumedvotingrightsatperiod-end(ifany)|||0|
|Top10shareholders|||||||||
|Nameofshareholder|Natureofshareholder||Shareholdingpercentage|Totalsharesheldatperiod-end||Restrictedsharesheldatperiod-end|Pledgedorfrozenshares||
||||||||Status|Number|
|BEIJINGGRAINGROUPCO.,LTD.|State-ownedcorporation||28.95%|123,561,963|||||
|LISHERYNZHANMING|Foreignindividual||4.99%|21,282,800|||||
|MEIJIANYING|Domesticindividual||0.61%|2,583,803|||||
|YAOLIYUAN|Foreignindividual||0.46%|1,950,000|||||
|ZHANGXIAOXIA|Domesticindividual||0.46%|1,949,250|||||
|WANGXIAOXING|Domesticindividual||0.43%|1,836,500|||||
|CHENOUQIN|Domestic||0.39%|1,652,679|||||

HaiNanPearlRiverHoldingsCo.,Ltd. ThirdQuarterReport2017
||||||||
|-|-|-|-|-|-|-|
||individual||||||
|WANGDAO|Domesticindividual||0.38%|1,633,300|||
|ZHONGYI|Domesticindividual||0.38%|1,604,283|||
|XUZHEN|Domesticindividual||0.37%|1,595,000|||
|Top10non-restrictedshareholders|||||||
|Nameofshareholder||Non-restrictedsharesheldatperiod-end|||Typeofstock||
||||||Type|Number|
|BEIJINGGRAINGROUPCO.,LTD.||123,561,963|||RMBcommonstock|123,561,963|
|LISHERYNZHANMING||21,282,800|||Domesticallylistedstockforforeigninvestors|21,282,800|
|MEIJIANYING||2,583,803|||RMBcommonstock|2,583,803|
|YAOLIYUAN||1,950,000|||Domesticallylistedstockforforeigninvestors|1,950,000|
|ZHANGXIAOXIA||1,949,250|||Domesticallylistedstockforforeigninvestors|1,949,250|
|WANGXIAOXING||1,836,500|||RMBcommonstock|1,836,500|
|CHENOUQIN||1,652,679|||RMBcommonstock|1,652,679|
|WANGDAO||1,633,300|||RMBcommonstock|1,633,300|
|ZHONGYI||1,604,283|||RMBcommonstock|1,604,283|
|XUZHEN||1,595,000|||RMBcommonstock|1,595,000|
|Related or acting-in-concert partiesamongshareholdersabove||Among shareholders above, there exists no related-party relationship between the principalshareholderandothershareholdersoftheCompany.Northeyareacting-in-concertpartiesasprescribed in the Information Disclosure Administrative Methods for Changes inShareholding of Shareholders of Listed Companies. And it is unknown whether there isrelated-party relationship among other shareholders and whether they are prescribed partieswithconcertedaction.|||||
|Top 10 common shareholdersconducting securities margin trading(ifany)||ShareholderWangXiaoxingheld1,836,500sharesintheCompanythroughtheaccountofCSRCinSoochowSecuritiesCo.,Ltd.ShareholderZhongYiheld1,604,283sharesintheCompanythroughtheaccountofCSRCinEastmoneySecuritiesCo.,Ltd.Shareholder Wang Dao held 301,900 shares in the Company through his account of CSRCand held 1,331,400 shares in the Company through his common stock account in CindaSecuritiesCo.,Ltd.|||||

HaiNanPearlRiverHoldingsCo.,Ltd. ThirdQuarterReport2017 Indicate by tick mark whether any of the top 10 common shareholders or the top 10 non-restricted common shareholders of the CompanyconductedanypromissoryrepoduringtheReportingPeriod.
□Yea√No
NosuchcasesintheReportingPeriod.
2.TotalNumberofPreferenceShareholdersandShareholdingsofTop10ofThematPeriod-End
□Applicable√Notapplicable
HaiNanPearlRiverHoldingsCo.,Ltd. ThirdQuarterReport2017 Section III Significant Events
I Changes inKeyConsolidated Financial StatementItems andReasons forSuchChanges√Applicable□Notapplicable
1. Accounts receivable on September 30, 2017(3.68% of the net sales during the period from July to September 2017) increasedbyRMB0.12billion(143.50%)from theDecember 31,2016duetoRMB0.12 billionof accounts receivables recognized in September 2017 from new strategic customers in the southern markets. As of October 19,2017,theseaccountsreceivablehadallbeensettled.
2.Prepayments onSeptember30, 2017 increasedbyRMB0.25billion(187.2%) from the December 31,2016due primarily tothearrivalattheendofSeptember2017ofthetwoshipmentsofsoybeanpurchasedbythesubsidiary Jingliang (Tianjin) Grain& Oil Industry CO. Ltd, which has all been accepted by the end ofOctober 2017 and is beingprocessedforsale.
3. Interest receivable on September 30, 2017 decreased67.83% from the December 31, 2016 dueprimarily to the interestreceivableattheendof2016alongwiththeAssetsTransfer.
4.DividendsreceivableonSeptember30,2017decreased100%fromtheDecember31,2016dueprimarily tothe dividendsreceivableattheendof2016alongwiththeAssetsTransfer.
5. Other current assets on September 30, 2017 decreased62.66% from the December 31, 2016 due primarily to decreaseinbankwealthmanagementproducts.
6.Available-for-sale financial assets on September 30, 2017 decreased by RMB10.82 million(35.12%) from the December31,2016dueprimarilytotheAssetsTransfer.
7. Construction in progress on September 30, 2017 decreased88.99% from the December 31, 2016 due primarily to the transfer of assets and the shift of Zhejiang Xiaowangzi Food Share Co., Ltd. (“XiaowangziFood”)’s completedproductionlinetofixedassets.
8.Othernon-currentassetsonSeptember30,2017decreasedbyRMB4.52million(100%)fromtheDecember31, 2016dueprimarilytotheAssetsTransfer.
9. Short-term borrowings on September 30, 2017 increased2113.90% from the December 31, 2016 due primarily to the borrowings obtained for the purchases in the grease business line for the second half of the year according toproductionneedsandthemarketsituation.
10. Notes payable on September 30, 2017 increased66.87% from the December 31, 2016 due primarily to morelettersofcreditissuedforthemoreimports’.
11. Accounts payable on September 30, 2017 decreased84.92% from the December 31, 2016 due primarily to a decrease of approximately RMB80 million in accounts payable along with the transfer of the related assets, as wellascausedbyRMB0.31billionofaccountspayabletosuppliers.
12. Advances received on September 30, 2017 decreased47.01% from the December 31, 2016 amount due primarilytotheAssetsTransfer.
13. Payroll payable on September 30, 2017 decreased90.65% from the December 31, 2016 due primarily to a decrease in payroll payable along with the Assets Replacement, as well as the payment of lastyear’s annual performancesalariesinthecurrentyear.
14. Taxes payable on September 30, 2017 decreased96.64% from the December 31, 2016 amount due primarily topaymentoftaxesinthecurrentyear.
15. Non-current liabilities due within one year on September 30, 2017 decreased100% from the December 31,
HaiNanPearlRiverHoldingsCo.,Ltd. ThirdQuarterReport2017 2016dueprimarilytorepaymentofduelong-termbankloans.
16. Long-term borrowings on September 30, 2017 decreased100% from the December 31, 2016 due primarily to theearlyrepaymentoflong-termbankloans.
17.Theyear-over-yeardecreaseof7.79%innetsalesduringtheperiod，primarilybecausethenetsalesduringthe correspondingperiodoflastyearhadincludedcombinedrevenueofRMB1.997billionfrom14tradesubsidiaries, which were all transferred in the current period. Regardless of the effects of the said trade subsidiaries, net sales increased by RMB1.530 billion(38.46%) during the period January through September 2017 compared to the sameperiodoflastyear.
18. The year-over-year increase of97.25% in taxes and surtaxes during the period primarily resulted from the reclassification of taxes under “administrative expense” as “taxes and surtaxes” according to the Notice of theMinistryofFinance(FinancialAccounting[2016]No.22)onPrintingandIssuingofVATAccountingRules. 19. The year-over-year decrease of71.11% in finance costs compared to the same period of last year primarily resultedfromsignificantlydecreasedloaninterestasaresultoftherepaymentofloanswithhighinterestrates. 20. The year-over-year increase of RMB21.90 million(1356.34%) in asset impairment losses during the period January through September 2017 primarily resulted from the bad-debt provisions made, out of prudence, for thecreditor’s rights associated with the assets transferred by the Company during the transition period, as well as the reversalintocapitalreserveatthetimeoftheAssetTransfer.
21. The year-over-year decrease of86.79% in investment income during the period January through September 2017 primarily resulted from the transfer of equity interests in Heilongjiang Longshi Pearl River Media Co., Ltd. bytheCompanyandthetransferof14tradesubsidiariesbyBGGFoodinlastyear.
22.Theyear-over-yeardecreaseof66.27%innon-operatingincome duringtheperiodJanuarythroughSeptember2017primarilyresultedfromlastyear’srelocationcompensationincome.
23. The year-over-year decrease of70.66% in non-operating expense during the period January throughSeptember2017primarilyresultedfromlastyear’srelocationexpense.
24. The year-over-year decrease of278.96% in net cash from operating activities during the period January throughSeptember2017primarilyresultedfromthecashusedforthepurchasesinthegreasebusinesslineforthe secondhalfoftheyearaccordingtoproductionneedsandthemarketsituation.
25.The year-over-year increaseof52.42% in net cashfrom investing activities during the periodJanuary throughSeptember2017primarilyresultedfromBGGFood’sacquisitionofa19%stakeinXiaowangziFood.
26. The year-over-year increase of250.43% in net cash from financing activities during the period January through September 2017 primarily resulted from the borrowings obtained from bank for the purchases in the greasebusinesslineforthesecondhalfoftheyearaccordingtoproductionneedsandthemarketsituation. II Progress, InfluenceandSolutions Associated withSignificant Events
√Applicable□Notapplicable
||||
|-|-|-|
|Announcementofsignificantevent|Disclosuredate|Disclosurewebsite|
|The major assets restructuring of theCompany got Reply from China SecuritiesRegulatory Commission to HaiNan PearlRiver Holdings Co., Ltd.’s Issuing Shares,PurchasingAssets and Raising SupportingFunds to Beijing Grain Group Co., Ltd.|08/01/2017|AnnouncementNo.2017-047onwww.cninfo.com.cn|

HaiNanPearlRiverHoldingsCo.,Ltd. ThirdQuarterReport2017
||||
|-|-|-|
|etc.onJuly28,2017.|||
|On September 14, 2017, Beijing GrainFood Co., Ltd. became the wholly-ownedsubsidiary of the Company aftercompleting the transfer procedures ofassets planned to be put in in the majorassets restructuring. As of September 30,2017, the delivery of assets planned to beputoutexcludingasmallnumberofassetswhose transfer procedures are still inprogress has been finished. The totalamount of assets that have been settled(including liabilities) accounts for 93.46%of that of assets (including liabilities)plannedtobeputoutatthistime.|09/30/2017|AnnouncementNo.2017-059onwww.cninfo.com.cn|

III Commitments that theCompany’s Actual Controller, Shareholders, Related Parties and Acquirers, as well as the Company and Other Commitment Makers, Failed to Fulfill on Time duringReporting Period
□Applicable√Notapplicable
NosuchcasesintheReportingPeriod.
IVForecast of2017AnnualOperating Results
Warningofapossiblelossonorasignificantyear-over-yearchangeinaccumulativenetmarginduringtheperiodthebeginningof thecurrentyearthroughtheendofthenextreportingperiod,aswellasthereasons:
□Applicable√Notapplicable
V Securities Investments
□Applicable√Notapplicable
NosuchcasesintheReportingPeriod.
VI Investments inDerivative FinancialInstruments
√Applicable□Notapplicable
Unit:RMB'0,000
HaiNanPearlRiverHoldingsCo.,Ltd. ThirdQuarterReport2017
|||||||
|-|-|-|-|-|-|
|Typeofderivativeinvestment|Beginningdate|Endingdate|Closinginvestmentamount|ProportionofclosinginvestmentamountintheCompany’sclosingnetassets(%)|Actualgain/lossinReportingPeriod|
|Futuresofagriculturalproducts|01/01/2017|09/30/2017|30,241.88|18.00%|7,161.1|
|Capitalsourceforderivativeinvestment|Self-raisedfunds|||||
|Lawsuit(ifapplicable)|Naught|||||
|Analysis on risks and controlmeasures of derivative products heldin the Reporting Period (includingbut not limited to market risk,liquidity risk, credit risk, operationrisk,lawrisk,etc.)|IntheReportingPeriod,theCompanypossessedthecashforhedginginfutures.Allcashhasthephysicalcorrespondencewhichisdistributedinforwardcontractswithgoodliquidity.Thecreditriskislowandtherewillbenodefaultrisk.Inaddition,therewillbenoriskconcerningoperationandlawsbecauseofregulated transactions,rigorousdecisionsonfuturesandstrictoperationprocess.|||||
|Changes of market prices or fairvaluesintheReportingPeriodoftheinvestedderivatives.Andtheanalysison the fair value of the derivativesshould include the specific usemethods and the relevantassumptionsandparameters.|ThevalueoffuturescontractsheldbytheCompanyischangingwiththepriceofthefuturesexchange.Thepriceofthefuturesexchangeisbroadlyrepresentative.Andthefair valueoffuturescontractswillbemeasuredinstrictaccordancewiththesettlementmethodsissuedbytheexchange.|||||

VII Visits Paid to the Company for Purposes of Research, Communication, Interview, etc. duringReporting Period
□Applicable√Notapplicable
NosuchcasesintheReportingPeriod.
VIII Irregularities Arising fromProvision ofGuarantees forThirdParties
□Applicable√Notapplicable
NosuchcasesintheReportingPeriod.
IX Occupation of theCompany’s Funds by Its Controlling Shareholder or Related Parties for Non-Operating Purposes
□Applicable√Notapplicable
NosuchcasesintheReportingPeriod.
HaiNanPearlRiverHoldingsCo.,Ltd. ThirdQuarterReport2017 X Targeted Measures Taken to HelpPeople LiftThemselves outofPoverty
TheCompanydidnottakesuchmeasuresinthethirdquarteroftheyearandhasnosuchplansfornow.
HaiNanPearlRiverHoldingsCo.,Ltd. ThirdQuarterReport2017 Section IV Financial Statements
I FinancialStatements
1.ConsolidatedBalanceSheet
PreparedbyHaiNanPearlRiverHoldingsCo.,Ltd.
September30,2017
Unit:RMB
||||
|-|-|-|
|Item|September30,2017|December31,2016|
|Currentassets:|||
|Cashonhandandatbank|602,618,963.22|652,870,239.91|
|Settlementreserve|||
|Interbanklendings|||
|Financial assets at fair value throughgains/losses||66,667,426.60|
|Derivativefinancialassets|||
|Notesreceivable|||
|Accountsreceivable|203,373,667.83|83,520,131.60|
|Prepayments|382,711,901.44|132,969,364.73|
|Premiumsreceivable|||
|Reinsurancepremiumsreceivable|||
|Receivablereinsurancecontractreserve|||
|Interestreceivable|1,344,210.00|4,178,348.79|
|Dividendsreceivable||260,015.00|
|Otheraccountsreceivable|387,323,095.97|357,055,607.58|
|Financial assets purchased underagreementstoresell|||
|Inventories|942,254,413.97|775,376,454.78|
|Assetsheldforsale|||
|Non-currentassetsduewithinoneyear|||
|Othercurrentassets|158,625,668.06|424,782,623.76|
|Totalcurrentassets|2,678,251,920.49|2,497,680,212.75|
|Non-currentassets:|||
|Loansandadvancestocustomers|||

HaiNanPearlRiverHoldingsCo.,Ltd. ThirdQuarterReport2017
||||
|-|-|-|
|Available-for-salefinancialassets|20,000,000.00|30,824,994.90|
|Held-to-maturityinvestments|||
|Long-termaccountsreceivable|||
|Long-termequityinvestments|143,673,669.92|171,465,314.90|
|Investmentproperty|35,387,907.81|49,490,079.75|
|Fixedassets|1,249,470,889.94|1,508,710,556.28|
|Constructioninprogress|12,046,080.75|109,410,883.57|
|Engineeringmaterials|||
|Disposaloffixedassets|||
|Productivelivingassets|||
|Oil-gasassets|||
|Intangibleassets|385,249,713.38|403,202,499.05|
|R&Dexpense|||
|Goodwill|191,394,422.51|191,394,422.51|
|Long-termdeferredexpense|28,910,630.29|29,082,767.56|
|Deferredincometaxassets|3,036,685.75|11,562,156.93|
|Othernon-currentassets||4,519,435.80|
|Totalnon-currentassets|2,069,170,000.35|2,509,663,111.25|
|Totalassets|4,747,421,920.84|5,007,343,324.00|
|Currentliabilities:|||
|Short-termborrowings|1,387,702,144.26|62,681,281.00|
|BorrowingsfromCentralBank|||
|Money depositsacceptedand inter-bankdeposits|||
|Interbankborrowings|||
|Financial liabilitiesat fair value throughgains/losses|||
|Derivativefinancialliabilities|||
|Notespayable|59,004,073.80|35,358,929.55|
|Accountspayable|69,579,932.09|461,294,581.74|
|Advancesreceived|310,980,168.69|586,907,614.36|
|Financialassetssoldforrepurchase|||
|Feesandcommissionspayable|||
|Payrollpayable|4,166,463.40|44,574,235.79|
|Taxespayable|4,373,517.40|130,157,235.63|

HaiNanPearlRiverHoldingsCo.,Ltd. ThirdQuarterReport2017
||||
|-|-|-|
|Interestpayable|82,740,158.36|90,011,566.90|
|Dividendspayable|3,397,317.01|3,397,317.01|
|Otheraccountspayable|523,664,156.33|680,347,428.44|
|Reinsurancepremiumspayable|||
|Insurancecontractreserve|||
|Payablesforactingtradingofsecurities|||
|Payables for acting underwriting ofsecurities|||
|Liabilitiesheldforsale|||
|Non-current liabilities due within oneyear||117,210,181.59|
|Othercurrentliabilities|||
|Totalcurrentliabilities|2,445,607,931.34|2,211,940,372.01|
|Non-currentliabilities:|||
|Long-termborrowings||73,666,666.66|
|Bondspayable|||
|Ofwhich:Preferenceshares|||
|Perpetualbonds|||
|Long-termaccountspayable|||
|Long-termpayrollpayable|14,310,251.15|14,310,251.15|
|Specialpayables|1,067,530.32|1,153,176.66|
|Provisions|||
|Deferredincome||81,063,077.48|
|Deferredincometaxliabilities|64,819,485.96|67,598,052.00|
|Othernon-currentliabilities|78,848,539.08||
|Totalnon-currentliabilities|159,045,806.51|237,791,223.95|
|Totalliabilities|2,604,653,737.85|2,449,731,595.96|
|Owners’equity:|||
|Sharecapital|426,745,404.00|426,745,404.00|
|Otherequityinstruments|||
|Ofwhich:Preferenceshares|||
|Perpetualbonds|||
|Capitalreserve|2,146,453,884.65|2,603,034,269.96|
|Less:Treasuryshares|||
|Othercomprehensiveincome|||

HaiNanPearlRiverHoldingsCo.,Ltd. ThirdQuarterReport2017
||||
|-|-|-|
|Specialreserve|||
|Surplusreserve|109,487,064.39|109,487,064.39|
|Provisionsforgeneralrisks|||
|Retainedearnings|-1,002,370,635.43|-1,107,023,847.91|
|Equityattributabletoownersoftheparent|1,680,315,717.61|2,032,242,890.44|
|Minorityinterests|462,452,465.38|525,368,837.60|
|Totalowners’equity|2,142,768,182.99|2,557,611,728.04|
|Totalliabilitiesandowners’equity|4,747,421,920.84|5,007,343,324.00|

 Legalrepresentative:WangChunli AccountingheadforthisReport:GuanYing Headoftheaccountingdepartment:GuanYing
2.ParentCompanyBalanceSheet
Unit:RMB
||||
|-|-|-|
|Item|September30,2017|December31,2016|
|Currentassets:|||
|Cashonhandandatbank|3,881,807.77|33,952,786.37|
|Financial assets at fair value throughgains/losses|||
|Derivativefinancialassets|||
|Notesreceivable|||
|Accountsreceivable|116,589.00|1,032,085.83|
|Prepayments||50,000,000.00|
|Interestreceivable|||
|Dividendsreceivable||260,015.00|
|Otheraccountsreceivable|137,306,365.25|591,785,222.60|
|Inventories|4,824,035.45|4,824,035.45|
|Assetsheldforsale|||
|Non-currentassetsduewithinoneyear|||
|Othercurrentassets|||
|Totalcurrentassets|146,128,797.47|681,854,145.25|
|Non-currentassets:|||
|Available-for-salefinancialassets|20,000,000.00|30,824,994.90|
|Held-to-maturityinvestments|||
|Long-termaccountsreceivable|||

HaiNanPearlRiverHoldingsCo.,Ltd. ThirdQuarterReport2017
||||
|-|-|-|
|Long-termequityinvestments|1,970,192,364.05|101,713,800.55|
|Investmentproperty|6,131,637.03|6,383,667.53|
|Fixedassets|3,692,597.07|4,019,513.64|
|Constructioninprogress|||
|Engineeringmaterials|||
|Disposaloffixedassets|||
|Productivelivingassets|||
|Oil-gasassets|||
|Intangibleassets|||
|R&Dexpense|||
|Goodwill|||
|Long-termdeferredexpense||278,707.32|
|Deferredincometaxassets|||
|Othernon-currentassets|||
|Totalnon-currentassets|2,000,016,598.15|143,220,683.94|
|Totalassets|2,146,145,395.62|825,074,829.19|
|Currentliabilities:|||
|Short-termborrowings|||
|Financial liabilities at fair value throughgains/losses|||
|Derivativefinancialliabilities|||
|Notespayable|||
|Accountspayable|2,667,949.70|2,482,949.70|
|Advancesreceived|38,896.41|38,896.41|
|Payrollpayable|1,767,581.53|1,224,801.48|
|Taxespayable|1,847,136.15|27,537,449.60|
|Interestpayable|82,468,756.03|82,468,756.03|
|Dividendspayable|3,213,302.88|3,213,302.88|
|Otheraccountspayable|406,070,656.80|650,471,361.88|
|Liabilitiesheldforsale|||
|Non-currentliabilitiesduewithinoneyear|||
|Othercurrentliabilities|||
|Totalcurrentliabilities|498,074,279.50|767,437,517.98|
|Non-currentliabilities:|||
|Long-termborrowings|||

HaiNanPearlRiverHoldingsCo.,Ltd. ThirdQuarterReport2017
||||
|-|-|-|
|Bondspayable|||
|Ofwhich:Preferenceshares|||
|Perpetualbonds|||
|Long-termpayables|||
|Long-termpayrollpayable|||
|Specialpayables|||
|Provisions|||
|Deferredincome|||
|Deferredincometaxliabilities|||
|Othernon-currentliabilities|||
|Totalnon-currentliabilities|||
|Totalliabilities|498,074,279.50|767,437,517.98|
|Owners’equity:|||
|Sharecapital|426,745,404.00|426,745,404.00|
|Otherequityinstruments|||
|Ofwhich:Preferenceshares|||
|Perpetualbonds|||
|Capitalreserve|2,156,922,331.37|546,201,098.01|
|Less:Treasuryshares|||
|Othercomprehensiveincome|||
|Specialreserve|||
|Surplusreserve|109,487,064.39|109,487,064.39|
|Retainedearnings|-1,045,083,683.64|-1,024,796,255.19|
|Totalowners’equity|1,648,071,116.12|57,637,311.21|
|Totalliabilitiesandowners’equity|2,146,145,395.62|825,074,829.19|

 3.ConsolidatedIncomeStatementforJuly-September
Unit:RMB
||||
|-|-|-|
|Item|July-September2017|July-September2016|
|1.Operatingrevenue|2,232,700,520.70|2,863,928,558.65|
|Including:Netsales|2,232,700,520.70|2,863,928,558.65|
|Interestrevenue|||
|Premiumrevenue|||
|Feeandcommissionrevenue|||

HaiNanPearlRiverHoldingsCo.,Ltd. ThirdQuarterReport2017
||||
|-|-|-|
|2.Operatingexpenses|2,168,695,816.83|2,782,480,015.75|
|Including:Costofsales|2,038,177,137.96|2,609,442,165.66|
|Interestexpense|||
|Feeandcommissionexpense|||
|Surrenders|||
|Netclaimspaid|||
|Net amount provided asinsurancecontractreserve|||
|Expenditureonpolicydividends|||
|Reinsurancepremiumexpense|||
|Taxesandsurtaxes|14,277,726.11|5,338,188.59|
|Sellingexpense|40,680,538.06|64,393,822.04|
|Administrativeexpense|35,096,382.98|78,498,045.30|
|Financecosts|11,712,245.37|23,738,739.51|
|Assetimpairmentlosses|28,751,786.35|1,069,054.65|
|Add: Gains on fair value changes (“-”forlosses)|-5,151,289.48|-45,057,864.31|
|Investmentincome(“-”forlosses)|2,267,152.41|12,817,603.17|
|Including: Share of gains/losses ofassociatesandjointventures|-73,625,389.08|8,035,851.80|
|Exchangegains(“-”forlosses)|||
|Otherincome|||
|3.Operatingmargin(“-”forlosses)|61,120,566.80|49,208,281.76|
|Add:Non-operatingincome|13,045,293.27|54,739,174.77|
|Including: Gains on disposal ofnon-currentassets||719.40|
|Less:Non-operatingexpense|2,050,620.48|12,329,081.87|
|Including:Lossesondisposalofnon-currentassets|63,322.91|3,316,449.88|
|4.Grossmargin(“-”forlosses)|72,115,239.59|91,618,374.66|
|Less:Incometaxexpense|16,165,559.76|35,095,731.39|
|5.Netmargin(“-”forlosses)|55,949,679.83|56,522,643.27|
|Attributable to owners of theparent|42,164,080.63|36,853,580.57|
|Attributabletominorityinterests|13,785,599.20|19,669,062.70|
|6. Other comprehensive income, net oftax||346,332.92|

HaiNanPearlRiverHoldingsCo.,Ltd. ThirdQuarterReport2017
||||
|-|-|-|
|Other comprehensive income, netof tax attributable to owners of theparent||346,332.92|
|6.1 Other comprehensiveincomethatwillnotbereclassified intogains/losses|||
|6.1.1Changesinnetliabilitiesor assets with a defined benefit planuponre-measurement|||
|6.1.2 Share of othercomprehensiveincomeofinvesteesthatcannot be reclassified into gains/lossesunderequitymethod|||
|6.2 Other comprehensiveincome to be subsequently reclassifiedintogains/losses||346,332.92|
|6.2.1 Share of othercomprehensiveincomeofinvesteesthatwill be reclassified into gains/lossesunderequitymethod|||
|6.2.2 Gains/Losses on fairvalue changes of available-for-salefinancialassets||437,582.65|
|6.2.3 Gains/Losses onreclassifying held-to-maturityinvestments into available-for-salefinancialassets|||
|6.2.4 Effective gains/lossesoncashflowhedges|||
|6.2.5 Currency translationdifferences||-91,249.73|
|6.2.6Other|||
|Other comprehensive income, netoftaxattributabletominorityinterests|||
|7.Totalcomprehensiveincome|55,949,679.83|56,868,976.19|
|Attributable to owners of theparent|42,164,080.63|37,199,913.49|
|Attributabletominorityinterests|13,785,599.20|19,669,062.70|
|8.Earningspershare|||
|8.1Basicearningspershare|0.07|0.06|
|8.2Dilutedearningspershare|0.07|0.06|

Wherebusinessmergersunderthesamecontroloccurredinthecurrentperiod,thenetmarginachievedbythemergedpartiesbefore
HaiNanPearlRiverHoldingsCo.,Ltd. ThirdQuarterReport2017 thebusinessmergerswasRMB0.00,withtheamountforthesameperiodoflastyearbeingRMB0.00.
Legalrepresentative:WangChunli AccountingheadforthisReport:GuanYing Headoftheaccountingdepartment:GuanYing
4.ParentCompanyIncomeStatementforJuly-September
Unit:RMB
||||
|-|-|-|
|Item|July-September2017|July-September2016|
|1.Operatingrevenue|0.00|268,164.10|
|Less:Operatingexpenses|100,812.20|75,609.15|
|Taxesandsurtaxes|145,225.03|1,923.11|
|Sellingexpense|||
|Administrativeexpense|2,984,720.67|9,051,260.88|
|Financecosts|-10,284,711.37|6,925,259.20|
|Assetimpairmentlosses|96,843,906.63|165,475,341.33|
|Add:Gainsonfairvaluechanges(“-”forlosses)|||
|Investmentincome(“-”forloss)|-141,966.40|-44,174.66|
|Including: Share of gains/losses ofassociatesandjointventures|2,205,283.12|-44,174.66|
|Otherincome|||
|2.Operatingmargin(“-”forlosses)|-89,931,919.56|-181,305,404.23|
|Add:Non-operatingincome||11,405,419.77|
|Including: Gains on disposal ofnon-currentassets|||
|Less:Non-operatingexpense||2,868,139.65|
|Including: Losses on disposal ofnon-currentassets||1,296,383.08|
|3.Grossmargin(“-”forlosses)|-89,931,919.56|-172,768,124.11|
|Less:Incometaxexpense|||
|4.Netmargin(“-”forlosses)|-89,931,919.56|-172,768,124.11|
|5. Other comprehensive income, net oftax|||
|5.1Othercomprehensiveincomethatwill not be reclassified into gains andlosses|||
|5.1.1 Changes in net liabilities or|||

HaiNanPearlRiverHoldingsCo.,Ltd. ThirdQuarterReport2017
||||
|-|-|-|
|assets with a defined benefit plan uponre-measurement|||
|5.1.2 Share of othercomprehensiveincomeofinvesteesthatcannot be reclassified into gains/lossesunderequitymethod|||
|5.2 Other comprehensive income tobe subsequently reclassified intogains/losses|||
|5.2.1 Share of othercomprehensiveincomeofinvesteesthatwill be reclassified into gains/lossesunderequitymethod|||
|5.2.2 Gains/Losses on fair valuechanges of available-for-sale financialassets|||
|5.2.3 Gains/Losses onreclassifying held-to-maturityinvestments into available-for-salefinancialassets|||
|5.2.4 Effective gains/losses oncashflowhedges|||
|5.2.5 Currency translationdifferences|||
|5.2.6Other|||
|6.Totalcomprehensiveincome|-89,931,919.56|-172,768,124.11|
|7.Earningspershare|||
|7.1Basicearningspershare|||
|7.2Dilutedearningspershare|||

5.ConsolidatedIncomeStatementforJanuary-September
Unit:RMB
||||
|-|-|-|
|Item|January-September2017|January-September2016|
|1.Operatingrevenue|5,515,262,797.63|5,981,423,571.13|
|Including:Netsales|5,515,262,797.63|5,981,423,571.13|
|Interestrevenue|||
|Premiumrevenue|||
|Feeandcommissionrevenue|||
|2.Operatingexpenses|5,325,251,308.02|5,969,251,567.71|

HaiNanPearlRiverHoldingsCo.,Ltd. ThirdQuarterReport2017
||||
|-|-|-|
|Including:Costofsales|4,946,577,567.18|5,505,312,355.60|
|Interestexpense|||
|Feeandcommissionexpense|||
|Surrenders|||
|Netclaimspaid|||
|Net amount provided asinsurancecontractreserve|||
|Expenditureonpolicydividends|||
|Reinsurancepremiumexpense|||
|Taxesandsurtaxes|40,345,029.56|20,453,582.16|
|Sellingexpense|133,704,147.54|153,077,792.48|
|Administrativeexpense|157,738,308.36|207,877,201.35|
|Financecosts|23,373,101.68|80,916,103.90|
|Assetimpairmentlosses|23,513,153.70|1,614,532.22|
|Add: Gains on fair value changes (“-”forlosses)|-13,904,516.93|17,929,229.68|
|Investmentincome(“-”forlosses)|11,766,061.71|89,067,706.12|
|Including: Share of gains/losses ofassociatesandjointventures|-74,720,761.50|7,800,927.54|
|Exchangegains(“-”forlosses)|||
|Otherincome|||
|3.Operatingmargin(“-”forlosses)|187,873,034.39|119,168,939.22|
|Add:Non-operatingincome|21,928,324.60|65,009,590.71|
|Including: Gains on disposal ofnon-currentassets|186,159.87|2,603,384.48|
|Less:Non-operatingexpense|5,739,675.20|19,561,963.96|
|Including:Lossesondisposalofnon-currentassets|211,359.46|4,237,010.38|
|4.Grossmargin(“-”forlosses)|204,061,683.79|164,616,565.97|
|Less:Incometaxexpense|57,511,192.19|56,511,639.74|
|5.Netmargin(“-”forlosses)|146,550,491.60|108,104,926.23|
|Attributable to owners of theparent|113,833,212.48|71,134,987.70|
|Attributabletominorityinterests|32,717,279.12|36,969,938.53|
|6. Other comprehensive income, net oftax||346,332.92|
|Other comprehensive income, netof tax attributable to owners of the||346,332.92|

HaiNanPearlRiverHoldingsCo.,Ltd. ThirdQuarterReport2017
||||
|-|-|-|
|parent|||
|6.1 Other comprehensiveincomethatwillnotbereclassified intogains/losses|||
|6.1.1Changesinnetliabilitiesor assets with a defined benefit planuponre-measurement|||
|6.1.2 Share of othercomprehensiveincomeofinvesteesthatcannot be reclassified into gains/lossesunderequitymethod|||
|6.2 Other comprehensiveincome to be subsequently reclassifiedintogains/losses||346,332.92|
|6.2.1 Share of othercomprehensiveincomeofinvesteesthatwill be reclassified into gains/lossesunderequitymethod|||
|6.2.2 Gains/Losses on fairvalue changes of available-for-salefinancialassets||437,582.65|
|6.2.3 Gains/Losses onreclassifying held-to-maturityinvestments into available-for-salefinancialassets|||
|6.2.4 Effective gains/lossesoncashflowhedges|||
|6.2.5 Currency translationdifferences||-91,249.73|
|6.2.6Other|||
|Other comprehensive income, netoftaxattributabletominorityinterests|||
|7.Totalcomprehensiveincome|146,550,491.60|108,451,259.15|
|Attributable to owners of theparent|113,833,212.48|71,481,320.62|
|Attributabletominorityinterests|32,717,279.12|36,969,938.53|
|8.Earningspershare|||
|8.1Basicearningspershare|0.18|0.11|
|8.2Dilutedearningspershare|0.18|0.11|

Wherebusinessmergersunderthesamecontroloccurredinthecurrentperiod,thenetmarginachievedbythemergedpartiesbefore
thebusinessmergerswasRMB0.00,withtheamountforthesameperiodoflastyearbeingRMB0.00.
HaiNanPearlRiverHoldingsCo.,Ltd. ThirdQuarterReport2017 6.ParentCompanyIncomeStatementforJanuary-September
Unit:RMB
||||
|-|-|-|
|Item|January-September2017|January-September2016|
|1.Operatingrevenue|2,857.14|889,099.69|
|Less:Operatingexpenses|252,030.50|248,976.20|
|Taxesandsurtaxes|212,753.35|4,205,152.57|
|Sellingexpense|||
|Administrativeexpense|10,807,855.19|17,301,260.86|
|Financecosts|-8,270,296.34|45,574,350.57|
|Assetimpairmentlosses|91,226,030.51|165,502,220.51|
|Add:Gainsonfairvaluechanges(“-”forlosses)|||
|Investmentincome(“-”forloss)|74,749,139.55|-203,430.18|
|Including: Share of gains/losses ofassociatesandjointventures|1,276,389.07|-203,430.18|
|Otherincome|||
|2.Operatingmargin(“-”forlosses)|-19,476,376.52|-232,146,291.20|
|Add:Non-operatingincome|920.00|13,861,534.38|
|Including: Gains on disposal ofnon-currentassets||2,456,114.61|
|Less:Non-operatingexpense|811,971.93|4,670,182.35|
|Including: Losses on disposal ofnon-currentassets||1,296,383.08|
|3.Grossmargin(“-”forlosses)|-20,287,428.45|-222,954,939.17|
|Less:Incometaxexpense|||
|4.Netmargin(“-”forlosses)|-20,287,428.45|-222,954,939.17|
|5. Other comprehensive income, net oftax|||
|5.1Othercomprehensiveincomethatwill not be reclassified into gains andlosses|||
|5.1.1 Changes in net liabilities orassets with a defined benefit plan uponre-measurement|||
|5.1.2 Share of othercomprehensiveincomeofinvesteesthatcannot be reclassified into gains/lossesunderequitymethod|||

HaiNanPearlRiverHoldingsCo.,Ltd. ThirdQuarterReport2017
||||
|-|-|-|
|5.2 Other comprehensive income tobe subsequently reclassified intogains/losses|||
|5.2.1 Share of othercomprehensiveincomeofinvesteesthatwill be reclassified into gains/lossesunderequitymethod|||
|5.2.2 Gains/Losses on fair valuechanges of available-for-sale financialassets|||
|5.2.3 Gains/Losses onreclassifying held-to-maturityinvestments into available-for-salefinancialassets|||
|5.2.4 Effective gains/losses oncashflowhedges|||
|5.2.5 Currency translationdifferences|||
|5.2.6Other|||
|6.Totalcomprehensiveincome|-20,287,428.45|-222,954,939.17|
|7.Earningspershare|||
|7.1Basicearningspershare|||
|7.2Dilutedearningspershare|||

7.ConsolidatedCashFlowStatementforJanuary-September
Unit:RMB
||||
|-|-|-|
|Item|January-September2017|January-September2016|
|1. Cash generated by or used inoperatingactivities:|||
|Cash generated by sale ofcommoditiesandrenderingofservice|5,822,570,435.19|7,358,401,555.49|
|Net increase in money deposits fromcustomersandinterbankplacements|||
|Net increase in loans from CentralBank|||
|Net increase in fundsborrowed fromotherfinancialinstitutions|||
|Cash received as premiums oforiginalinsurancecontracts|||
|Net cash generated by reinsurancebusiness|||

HaiNanPearlRiverHoldingsCo.,Ltd. ThirdQuarterReport2017
||||
|-|-|-|
|Net increase in deposits of policyholdersandinvestmentfund|||
|Net increase in disposal of financialassetsatfairvaluethroughgains/losses|||
|Interest, fees and commissionsreceived|||
|Netincreaseininterbankborrowings|||
|Net increase in funds in repurchasebusiness|||
|Taxrebatesreceived|9,136,150.48|8,368,786.75|
|Cash generated by other operatingactivities|6,245,333,510.27|724,710,800.94|
|Subtotalofcash generatedbyoperatingactivities|12,077,040,095.94|8,091,481,143.18|
|Cashpaidforgoodsandservices|6,237,205,329.97|6,072,636,338.20|
|Netincreaseinloansandadvancestocustomers|||
|Net increase in funds deposited inCentralBankandinterbankplacements|||
|Cash paid for claims of originalinsurancecontracts|||
|Interest,feesandcommissionspaid|||
|Cashpaidaspolicydividends|||
|Cashpaidtoandforemployees|316,577,321.67|346,943,686.55|
|Taxespaid|250,975,642.80|206,074,416.24|
|Cash used in other operatingactivities|6,343,725,567.81|867,125,230.39|
|Subtotal of cash used in operatingactivities|13,148,483,862.25|7,492,779,671.38|
|Netcashfromoperatingactivities|-1,071,443,766.31|598,701,471.80|
|2. Cash generated by or used ininvestingactivities:|||
|Cashgeneratedbydisinvestments|342,702,070.16|508,850,000.00|
|Cashreceivedasinvestmentincome|19,125,768.85|1,691,359.10|
|Net cash generated by disposal offixed assets, intangible assets and otherlong-termassets|43,621,239.95|5,246,170.07|
|Net cash generated by disposal ofsubsidiariesorotherbusinessunits||125,845,729.40|
|Cash generated by other investingactivities|603,828,188.53||

HaiNanPearlRiverHoldingsCo.,Ltd. ThirdQuarterReport2017
||||
|-|-|-|
|Subtotal of cash generated byinvestingactivities|1,009,277,267.49|641,633,258.57|
|Cash paid to acquire fixed assets,intangible assets and other long-termassets|29,376,357.42|72,614,758.26|
|Cashpaidforinvestments|461,400,000.00|713,237,056.00|
|Netincreaseinpledgedloans|||
|Net cash paid to acquire subsidiariesandotherbusinessunits|212,344,900.00||
|Cash used in other investingactivities|529,501,870.94|2,317,462.49|
|Subtotal of cash used in investingactivities|1,232,623,128.36|788,169,276.75|
|Netcashfrominvestingactivities|-223,345,860.87|-146,536,018.18|
|3. Cash generated by or used infinancingactivities:|||
|Cash received as capitalcontributions|9,553,070.16||
|Including: Cash received fromminority shareholder investments bysubsidiaries|||
|Cashreceivedasborrowings|1,630,729,869.53|857,454,158.45|
|Cash generated by issuance ofbonds|||
|Cash generated by other financingactivities|6,783,876,765.24|998,490,709.57|
|Subtotalofcash generatedbyfinancingactivities|8,424,159,704.93|1,855,944,868.02|
|Repaymentofborrowings|375,954,732.20|2,476,309,399.34|
|Cash paid for interest expenses anddistributionofdividendsorprofit|63,040,361.51|56,483,231.02|
|Including: dividends or profit paidbysubsidiariestominorityinterests|||
|Cash used in other financingactivities|6,735,878,759.62|153,645,262.99|
|Sub-total of cash used in financingactivities|7,174,873,853.33|2,686,437,893.35|
|Netcashfromfinancingactivities|1,249,285,851.60|-830,493,025.33|
|4. Effect of foreign exchange ratechangesoncashandcashequivalents|252,498.89|534,997.51|
|5. Net increase in cash and cashequivalents|-45,251,276.69|-377,792,574.20|

HaiNanPearlRiverHoldingsCo.,Ltd. ThirdQuarterReport2017
||||
|-|-|-|
|Add:Openingbalance ofcash andcashequivalents|647,870,239.91|893,327,088.78|
|6. Closing balance of cash and cashequivalents|602,618,963.22|515,534,514.58|

8.ParentCompanyCashFlowStatementforJanuary-September
Unit:RMB
||||
|-|-|-|
|Item|January-September2017|January-September2016|
|1. Cash generated by or used inoperatingactivities:|||
|Cash generated by sale ofcommoditiesandrenderingofservice||14,040,000.00|
|Taxrebatesreceived|||
|Cash generated by other operatingactivities|15,215,693.63|177,503,106.64|
|Subtotalofcash generatedbyoperatingactivities|15,215,693.63|191,543,106.64|
|Cashpaidforgoodsandservices||130,565,200.00|
|Cashpaidtoandforemployees|3,898,308.75|6,081,680.56|
|Taxespaid|27,309,480.98|13,640,381.33|
|Cash used in other operatingactivities|8,470,741.08|20,724,434.92|
|Subtotal of cash used in operatingactivities|39,678,530.81|171,011,696.81|
|Netcashfromoperatingactivities|-24,462,837.18|20,531,409.83|
|2. Cash generated by or used ininvestingactivities:|||
|Cashgeneratedbydisinvestments|10,000,000.00|8,000,000.00|
|Cashreceivedasinvestmentincome|||
|Net cash generated by disposal offixed assets, intangible assets and otherlong-termassets|35,000,000.00|3,060,360.00|
|Net cash generated by disposal ofsubsidiariesorotherbusinessunits|||
|Cash generated by other investingactivities|240,582.60||
|Subtotal of cash generated byinvestingactivities|45,240,582.60|11,060,360.00|
|Cash paid to acquire fixed assets,intangible assets and other long-term||26,549.00|

HaiNanPearlRiverHoldingsCo.,Ltd. ThirdQuarterReport2017
||||
|-|-|-|
|assets|||
|Cashpaidforinvestments||39,196,600.00|
|Net cash paid to acquire subsidiariesandotherbusinessunits|||
|Cash used in other investingactivities|||
|Subtotal of cash used in investingactivities||39,223,149.00|
|Netcashfrominvestingactivities|45,240,582.60|-28,162,789.00|
|3. Cash generated by or used infinancingactivities:|||
|Cash received as capitalcontributions|||
|Cashreceivedasborrowings|29,000,000.00|103,215,780.73|
|Cash generated by issuance ofbonds|||
|Cash generated by other financingactivities|||
|Subtotalofcash generatedbyfinancingactivities|29,000,000.00|103,215,780.73|
|Repaymentofborrowings|76,469,598.52|84,282,856.00|
|Cash paid for interest expenses anddistributionofdividendsorprofit|1,659,125.50|7,857,686.85|
|Cash used in other financingactivities|1,720,000.00|587,864.64|
|Sub-total of cash used in financingactivities|79,848,724.02|92,728,407.49|
|Netcashfromfinancingactivities|-50,848,724.02|10,487,373.24|
|4. Effect of foreign exchange ratechangesoncashandcashequivalents|||
|5. Net increase in cash and cashequivalents|-30,070,978.60|2,855,994.07|
|Add:Openingbalance ofcash andcashequivalents|33,952,786.37|479,720.71|
|6. Closing balance of cash and cashequivalents|3,881,807.77|3,335,714.78|

IIAuditor’s Report
Thesefinancialstatementsareunaudited.
HaiNanPearlRiverHoldingsCo.,Ltd. ThirdQuarterReport2017 HaiNan Pearl River Holdings Co., Ltd. October 31, 2017