上海陆家嘴金融贸易区开发股份有限公司2004年第三季度报告
1重要提示
1.1本公司董事会及其董事保证本报告所载资料不存在任何虚假记载、误
导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性负个别及
连带责任。
1.2瞿承康、汪雅谷董事委托杨小明、钱稼宏董事出席会议并表决。
1.3公司第三季度财务报告未经审计。
1.4公司董事长杨小明先生、总经理朱国兴先生及会计机构负责人魏宗斯
先生声明：保证季度报告中财务报告的真实、完整。
2公司基本情况
2.1公司基本信息
股票简称 陆家嘴 变更前简称（如有）
股票代码 600663
股票简称 陆家B股 变更前简称（如有）
股票代码 900932
董事会秘书 证券事务代表
姓名 张日法
联系地址 浦东大道981号
电话 021－58878888转650
传真 021－58873688
电子信箱 rfzhang@ljz.com.cn
2.2财务资料
2.2.1主要会计数据及财务指标
币种:人民币
本报告期末 上年度期末 本报告期末比上年度期末
增减（％）
总资产(元) 9,598,552,624.42 8,873,426,864.42 8.17
股东权益（不含少数股东权益）5,888,893,721.08 5,594,094,164.86 5.27
(元)
每股净资产(元) 3.15 3.00 5.27
调整后的每股净资产(元) 3.09 2.93 5.38
报告期 年初至报告期期末本报告期比上年同期增减
（7－9月） （1－9月） （％）
经营活动产生的现金流量净额 460,425,619.34
(元)
每股收益(元) 0.03 0.22 -65.06
净资产收益率（%） 0.80 6.87 -1.69
扣除非经常性损益后的净资产收 0.81 6.74 -1.68
益率（%）
非经常性损益项目 金额
股权转让收益 1,226,863.22
短期投资收益 7,904,901.32
减值准备转回 1,197,429.50
营业外收支 -1,229,711.85
扣除少数股东损益 421,043.25
扣除所得税 1,148,767.83
合计 7,529,671.11
2.2.2利润表
利润表
单位:元币种:人民币未经审计
本期数(7-9)月 上年同期数(7-9)月
项目 编号
合并 母公司 合并 母公司
一、主营业务收入 1185,673,066.82183,634,326.82399,116,853.21 394,375,167.66
减：主营业务成本 2129,814,825.91108,607,893.92230,446,148.78 230,996,951.67
主营业务税金及附加 3 8,477,153.48 8,375,216.48 17,134,608.31 16,896,955.17
二、主营业务利润（亏损 4 47,381,087.43 66,651,216.42151,536,096.12 146,481,260.82
以"-"号填列）
加：其他业务利润（亏损 5 9,509,569.41 3,615,857.65 2,238,583.47 279,656.25
以"-"号填列）
减：营业费用 610,949,934.34 11,143,474.69 1,007,001.04 984,100.20
管理费用 717,890,169.27 10,153,566.51 13,923,265.81 8,585,748.68
财务费用 8-15,258,187.55-10,187,306.95-4,673,510.33-6,602,988.61
三、营业利润（亏损以"-" 9 43,308,740.78 59,157,339.82143,517,923.07 143,794,056.80
号填列）
加：投资收益（亏损以"-" 10 6,306,089.87-8,065,283.33 10,955,036.15 8,417,351.98
号填列）
补贴收入 11
营业外收入 12 47,868.70 170,091.17
减：营业外支出 13 1,231,340.44 1,117,455.48 162,062.93
四、利润总额（亏损以"-" 14 48,431,358.91 49,974,601.01154,480,987.46 152,211,408.78
号填列）
减：所得税 15 8,613,761.08 8,705,982.66 20,171,670.92 20,000,000.00
少数股东损益（合并报表 16-7,093,715.76 43,115.51
填列）
加：未确认的投资损失（合 17
并报表填列）
五、净利润（亏损以"-" 18 46,911,313.59 41,268,618.35134,266,201.03 132,211,408.78
号表示）
利润表
单位:元币种:人民币未经审计
年初至报告期数(1-9)月 上年同期数(1-9)月
项目 编号
合并 母公司 合并 母公司
一、主营业务收入 1 1,216,238,467.131,468,648,293.131,419,805,477.801,364,374,814.73
减：主营业务成本 2 653,493,482.12 828,202,413.53 764,675,931.34 759,618,520.99
主营业务税金及 3 66,833,394.99 64,962,979.79 61,495,835.80 58,653,383.08
附加
二、主营业务利润 4 495,911,590.02 575,482,899.81 593,633,710.66 546,102,910.66
（亏损以"-"号填
列）
加：其他业务利润 5 20,060,060.86 11,877,199.56 5,791,501.86 832,738.80
（亏损以"-"号填
列）
减：营业费用 6 17,990,034.08 13,998,213.97 11,244,838.13 10,927,845.61
管理费用 7 62,174,652.24 37,313,865.48 78,312,344.24 39,848,158.30
财务费用 8 -27,905,751.26 -24,644,799.44 -9,394,195.60 -15,414,868.87
三、营业利润（亏 9 463,712,715.82 560,692,819.36 519,262,225.75 511,574,514.42
损以"-"号填列）
加：投资收益（亏 10 18,007,750.01 5,242,490.71 20,933,313.72 19,847,508.67
损以"-"号填列）
补贴收入 11
营业外收入 12 325,788.59 17,754.00 198,936.68
减：营业外支出 13 1,555,500.44 1,380,805.48 564,746.93 200,000.00
四、利润总额（亏 14 480,490,753.98 564,572,258.59 539,829,729.22 531,222,023.09
损以"-"号填列）
减：所得税 15 87,552,358.44 85,290,811.47 80,917,811.59 77,034,067.36
少数股东损益（合 16 -11,554,492.68 -3,743,117.38
并报表填列）
加：未确认的投资 17
损失（合并报表填
列）
五、净利润（亏损 18 404,492,888.22 479,281,447.12 462,655,035.01 454,187,955.73
以"-"号表示）
2.3前十名流通股股东持股表
单位：股
报告期末股东总数（户） 173257户（其中B股63690）户
前十名流通股股东持股情况
期末持有流通股的数种类（A、B、H股或
股东名称（全称）
量 其它)
TOYO SECURITIES ASIA LTD.A/C CLIENT 14,312,768 B
NAITO SECURITIES CO.,LTD 13,619,500 B
京华山一国际（香港）有限公司 8,676,369 B
THE NOMURA SECURITIES CO.LTD 5,814,417 B
AIZAWA SECURITIES CO.,LTD 4,748,140 B
WANG SHANG KEE&/OR CHIN WAN LAN 4,045,591 B
DEUTSCHE BANK LONDON 3,942,400 B
SKANDIA GLOBAL FUNDS PLC 3,394,599 B
HSBC JAMES CAPEL ASIA LTD 3,281,060 B
SCBHK A/C BBH S/A JP TSTE 3,189,919 B
3管理层讨论与分析
3.1公司报告期内经营活动总体状况的简要分析
报告期内，公司经营状况基本稳定。一至三季度共实现二幅土地使用
权的合同签约，合同金额4.69亿元；实现土地使用权转让项目收款17.6
亿元，房地产租售收款1.7亿元；实现销售收入12.2亿元，与去年同期
相比下降了14.3%，其中土地使用权转让项目11.45亿元，房地产租售与
其他收入6951万元。实现了净利润4.04亿元，与去年同期相比下降了
12.6%。
报告期内，公司努力抓好已开工项目的建设和管理，并积极开展拟新
开项目的市场调研、规划调整与预期经济指标落实的工作，以确保公司持
续、稳定、健康的发展。
3.1.1占主营收入或主营业务利润总额10%以上的主营行业或产品情况
√适用□不适用
单位:元币种:人民币未经审计
分行业 主营业务收入 主营业务成本 毛利率(%)
土地使用权转让 1,146,732,508.00 603,486,318.52 47
其中：关联交易
3.1.2公司经营的季节性或周期性特征
□适用√不适用
3.1.3报告期利润构成情况（主营业务利润、其他业务利润、期间费用、
投资收益、补贴收入与营业外收支净额在利润总额中所占比例与前一报告
期相比的重大变动及原因的说明）
□适用√不适用
3.1.4主营业务及其结构与前一报告期相比发生重大变化的情况及原因说
明
□适用√不适用
3.1.5主营业务盈利能力（毛利率）与前一报告期相比发生重大变化的情
况及其原因说明
□适用√不适用
3.2重大事项及其影响和解决方案的分析说明
□适用√不适用
3.3会计政策、会计估计、合并范围变化以及重大会计差错的情况及原因
说明
□适用√不适用
3.4经审计且被出具"非标意见"情况下董事会和监事会出具的相关说明
□适用√不适用
3.5预测年初至下一报告期期末的累计净利润可能为亏损或者与上年同期
相比发生大幅度变动的警示及原因说明
□适用√不适用
3.6公司对已披露的年度经营计划或预算的滚动调整情况
□适用√不适用
杨 小 明
二○○四年十月三十日
4附录：
资产负债表
单位:元币种:人民币未经审计
期末数 期初数
项目 编号
合并 母公司 合并 母公司
流动资产：
货币资金 1 3,473,532,281.652,475,538,044.273,146,433,880.512,949,080,166.09
短期投资 2 3,537,805.20 3,537,805.20
应收票据 3
应收股利 4 9,224,012.32 206,908.02 23,341,082.32
应收利息 5
应收帐款 6 100,000.00 44,437,892.12 2,478,828.82
其他应收款 7 258,757,172.74 214,920,908.37 216,836,004.78 236,107,272.30
预付帐款 8 75,304,754.00 3,149,007.00 68,379,617.00
应收补贴款 9
存货 10 5,022,348,555.264,236,683,375.114,595,222,018.714,011,381,495.69
待摊费用 11
一年内到期的长 12
期债权投资
其他流动资产 13
流动资产合计 8,830,042,763.656,939,515,347.078,075,054,126.347,225,926,650.42
长期投资：
长期股权投资 14 678,884,983.251,142,482,908.29 710,486,139.101,182,921,296.85
长期债权投资 15 97,620.00 97,620.00 97,620.00 97,620.00
长期投资合计 678,982,603.251,142,580,528.29 710,583,759.101,183,018,916.85
其中：合并价差 16 1,382,364.86 1,579,845.34
固定资产：
固定资产原价 17 113,949,658.84 95,266,062.49 115,706,129.58 95,637,827.49
减：累计折旧 18 41,396,171.86 26,348,434.26 39,963,528.61 23,883,605.08
固定资产净值 19 72,553,486.98 68,917,628.23 75,742,600.97 71,754,222.41
减：固定资产减值 20
准备
固定资产净额 21 72,553,486.98 68,917,628.23 75,742,600.97 71,754,222.41
工程物资 22
在建工程 23
固定资产清理 24
固定资产合计 25 72,553,486.98 68,917,628.23 75,742,600.97 71,754,222.41
无形资产及其他 26
资产：
无形资产 27 142,500.00
长期待摊费用 28 16,831,270.54 12,046,378.01
其他长期资产 29
无形资产及其他 16,973,770.54 12,046,378.01
资产合计
递延税项：
递延税款借项 30
资产总计 9,598,552,624.428,151,013,503.598,873,426,864.428,480,699,789.68
流动负债：
短期借款 31 100,000,000.00 175,000,000.00
应付票据 32
应付帐款 33 157,229,799.97 136,599,876.08 262,132,036.76 235,312,769.37
预收帐款 34 1,891,947,108.301,158,474,593.361,237,904,725.301,400,200,668.36
应付工资 35 -290,831.77 71,712.28
应付福利费 36 13,952,049.77 2,022,075.44 19,949,574.76 2,851,161.69
应付股利 37 882,000.00 882,000.00 4,771,740.00 2,205,000.00
应交税金 38 -95,786,889.28 -57,224,999.59 51,797,285.95 38,361,839.96
其他应交款 39 242.67 40,826.69 424.96
其他应付款 40 146,617,602.51 150,466,600.64 141,053,165.54 514,954,364.37
预提费用 41 833,315,133.84 711,483,683.84 729,923,452.27 608,092,002.27
预计负债 42
一年内到期的长 44
期负债
其他流动负债 45
流动负债合计 3,047,866,216.012,102,703,829.772,622,644,519.552,801,978,230.98
长期借款 46 150,000,000.00 120,000,000.00
应付债券 47
长期应付款 48 79,659,000.00 93,000,000.00
专项应付款 49
其他长期负债 50
长期负债合计 229,659,000.00 213,000,000.00 0.00
负债合计 3,277,525,216.012,102,703,829.772,835,644,519.552,801,978,230.98
少数股东权益（合 51 432,133,687.33 443,688,180.01
并报表填列）
股东权益：
股本 52 1,867,684,000.001,867,684,000.001,867,684,000.001,867,684,000.00
资本公积 53 1,413,312,188.471,423,865,466.121,410,944,480.471,421,497,758.12
盈余公积 54 1,253,850,364.381,059,939,676.411,253,850,364.381,059,939,676.41
其中：法定公益金 55 474,235,107.02 380,413,223.53 474,235,107.02 380,413,223.53
减：未确认的投资 56
损失（合并报表填
列）
未分配利润 57 1,354,047,168.231,696,820,531.291,061,615,320.011,329,600,124.17
外币报表折算差 58
额（合并报表填
列）
股东权益合计 5,888,893,721.086,048,309,673.825,594,094,164.865,678,721,558.70
负债和股东权益 9,598,552,624.428,151,013,503.598,873,426,864.428,480,699,789.68
总计
现金流量表
单位:元币种:人民币未经审计
项目 编号 合并 母公司
一、经营活动产生的现金流量：
销售商品、提供劳务收到的现金 1 1,929,756,429.58 1,234,175,066.28
收到的税费返还 2
收到的其他与经营活动有关的现金 3 602,484,500.28 266,413,152.85
经营活动现金流入小计 5 2,532,240,929.86 1,500,588,219.13
购买商品、接受劳务支付的现金 6 1,194,691,481.85 1,159,964,800.91
支付给职工以及为职工支付的现金 7 47,384,591.72 20,389,060.75
支付的各项税费 8 308,638,773.84 250,490,023.18
支付的其他与经营活动有关的现金 9 521,100,463.11 480,832,541.93
经营活动现金流出小计 10 2,071,815,310.52 1,911,676,426.77
经营活动现金流量净额 11 460,425,619.34 -411,088,207.64
二、投资活动产生的现金流量：
收回投资所收到的现金 12 47,087,143.60 38,087,143.60
取得投资收益所收到的现金 13 18,207,128.45 28,110,688.87
处置固定资产、无形资产和其他长期 14 642,510.00 365,000.00
资产所收回的现金
收到的其他与投资活动有关的现金 15
投资活动现金流入小计 16 65,936,782.05 66,562,832.47
购建固定资产、无形资产其他长期资 18 3,975,893.00 3,383,777.00
产所支付的现金
投资所支付的现金 19 5,994,370.00 4,994,370.00
支付的其他与投资活动有关的现金 20 15,923,950.00 6,923,950.00
投资活动现金流出小计 22 25,894,213.00 15,302,097.00
投资活动产生的现金流量净额 25 40,042,569.05 51,260,735.47
三、筹资活动产生的现金流量：
吸收投资所收到的现金 26
其中：子公司吸收少数股东权益性投 27
资收到的现金
借款所收到的现金 28 130,000,000.00
收到的其他与筹资活动有关的现金 29
筹资活动现金流入小计 30 130,000,000.00
偿还债务所支付的现金 31 175,000,000.00
分配股利、利润或偿付利息所支付的 32 127,692,177.08 113,358,591.16
现金
其中：支付少数股东的股利 33 2,566,740.00
支付的其他与筹资活动有关的现金 34 648,700.40 328,700.40
其中：子公司依法减资支付给少数股 35
东的现金
筹资活动现金流出小计 36 303,340,877.48 113,687,291.56
筹资活动产生的现金流量净额 40 -173,340,877.48 -113,687,291.56
四、汇率变动对现金的影响 41 -28,909.77 -27,358.09
五、现金及现金等价物净增加额 42 327,098,401.14 -473,542,121.82
补充资料
1.将净利润调节为经营活动现金流
量：
净利润（亏损以"-"号填列） 43 404,492,888.22 479,281,447.12
加：少数股东本期损益（亏损以"-"号 44 -11,554,492.68
表示）
减：未确认的投资损失 45
加：计提的资产减值准备 46 -652,241.76 -652,241.76
固定资产折旧 47 3,190,455.44 2,590,418.70
无形资产摊销 48 7,500.00
长期待摊费用摊销 49
待摊费用减少（减:增加） 50 -4,784,892.53
预提费用增加（减:减少） 51 103,391,681.57 103,391,681.57
处置固定资产、无形资产和其他长期 52 -60,150.41 107,455.48
资产的损失（减:收益）
固定资产报废损失 53 84,694.96
财务费用 54 12,417,098.00 328,700.40
投资损失（减:收益） 55 -18,007,750.01 -5,242,490.71
递延税款贷项（减:借项） 56
存货的减少（减:增加） 57 -426,021,016.52 -224,196,359.39
经营性应收项目的减少（减:增加） 58 2,896,707.91 27,714,398.48
经营性应付项目的增加（减:减少） 59 392,602,704.89 -796,119,132.78
其他 60 2,422,432.26 1,707,915.25
经营活动产生的现金流量净额 65 460,425,619.34 -411,088,207.64
2.不涉及现金收支的投资和筹资活
动：
债务转为资本 66
一年内到期的可转换公司债券 67
融资租入固定资产 68
3.现金及现金等价物净增加情况：
现金的期末余额 69 3,473,532,281.65 2,475,538,044.27
减：现金的期初余额 70 3,146,433,880.51 2,949,080,166.09
加：现金等价物的期末余额 71
减：现金等价物的期初余额 72
现金及现金等价物净增加额 73 327,098,401.14 -473,542,121.82
Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd.
The Third Quarterly Report for 2004
1. Important Notice
1.1 The Board of Directors of Shanghai Lujiazui Finance & Trade Zone Development
Co., Ltd. (hereinafter referred to as the Company) and its members individually and
collectively accept responsibility for the correctness, accuracy and completeness of
the contents of this report and confirm that there are no material omissions nor errors
which would render any statement misleading.
1.2 Director Qu Chengkang and Wang Yagu entrusted Director Yang Xiaoming and
Qian Jiahong to attend the meeting and vote on their behalf.
1.3 The Third Quarterly Financial report has not been audited.
1.4 Yang Xiaoming, Chairman of the Company, Zhu Guoxing, General Manager, and
Wei Zongsi, Person in Charge of Financial Organ hereby confirm that the Financial
Report of this Quarterly Report is true and complete.
2. Company Profile
2.1 Basic information
Short form of stock Lujiazui Short form before change (if has)
Stock code 600663
Short form of stock Lujiazui B Short form before change (if has)
Stock code 900932
Secretary of the Board Securities Affairs Representative
Name Zhang Rifa
Contact address No. 981, Pudong Avenue,
Shanghai
Tel. (86) 21-58878888 ext. 650
Fax (86) 21-58873688
E-mail rfzhang@ljz.com.cn
2.2 Financial information
2.2.1 Major accounting data and financial indexes
Unit: RMB
End of this Period-end of the Increase/decrease of
report period last year the end of this report
period over the
period-end of the last
year (%)
Total assets (RMB) 9,598,552,624.42 8,873,426,864.42 8.17
Shareholders? equity 5,888,893,721.08 5,594,094,164.86 5.27
(excluding minority interests)
(RMB)
Net assets per share (RMB) 3.15 3.00 5.27
Net assets per share after 3.09 2.93 5.38
adjustment (RMB)
The report period Year-begin to the Increase/decrease of
(Jul.-Sep.) end of report this report period over
period the same period of the
(Jan.-Sep.) last year (%)
Net cash flow arising from 460,425,619.34
operating activities (RMB)
Earnings per share (RMB) 0.03 0.22 -65.06
Return on equity (%) 0.80 6.87 -1.69
Return on equity after 0.81 6.74 -1.68
deducting non-recurring gains
and losses (%)
Items of non-recurring gains and losses Amount
Income from equity transfer 1,226,863.22
Short-term investment income 7,904,901.32
Switching back reserve for devaluation 1,197,429.50
Non-operating income/expenses -1,229,711.85
Deducting minority shareholders抔ains and losses 421,043.25
Deducting income tax 1,148,767.83
Total 7,529,671.11
2.2.2 Income Statement
Income Statement
Unit: RMB (unaudited)
Items No. This report period The same period of last year
(Jul.朣ep. 2004) (Jul.朣ep. 2003)
Consolidation Parent Consolidation Parent
Company Company
I. Income from main operations 185,673,066.82 183,634,326.82 399,116,853.21 394,375,167.66
Less: Cost of main operations 129,814,825.91 108,607,893.92 230,446,148.78 230,996,951.67
Taxes and extras of main 8,477,153.48 8,375,216.48 17,134,608.31 16,896,955.17
operations
II. Profit from main operations 47,381,087.43 66,651,216.42 151,536,096.12 146,481,260.82
(loss is listed as??
Add: other operating profit 9,509,569.41 3,615,857.65 2,238,583.47 279,656.25
(loss is listed as??
Less: Operating expenses 10,949,934.34 11,143,474.69 1,007,001.04 984,100.20
Administrative expenses 17,890,169.27 10,153,566.51 13,923,265.81 8,585,748.68
Financial expenses -15,258,187.55-10,187,306.95 -4,673,510.33 -6,602,988.61
III. Operating profit (loss is listed 43,308,740.78 59,157,339.82 143,517,923.07 143,794,056.80
as??
Add: Investment income (loss is 6,306,089.87 -8,065,283.33 10,955,036.15 8,417,351.98
listed as??
Subsidy income
Non-operating income 47,868.70 170,091.17
Less: non-operating expenses 1,231,340.44 1,117,455.48 162,062.93
IV. Total profit (loss is listed as 48,431,358.91 49,974,601.01 154,480,987.46 152,211,408.78
??
Less: Income taxes 8,613,761.08 8,705,982.66 20,171,670.92 20,000,000.00
Minority interests (listed -7,093,715.76 43,115.51
consolidation statements)
Add: Unconfirmed investment
loss (listed consolidation
statements)
V. Net profit (loss is listed as?? 46,911,313.59 41,268,618.35 134,266,201.03 132,211,408.78
Income Statement
Unit: RMB (unaudited)
Items No. Year-begin to the report period The same period of last year
(Jan.朣ep. 2004) (Jan.朣ep. 2003)
Consolidation Parent Consolidation Parent
Company Company
I. Income from main operations 1,216,238,467.13 1,468,648,293.13 1,419,805,477.80 1,364,374,814.73
Less: Cost of main operations 653,493,482.12 828,202,413.53 764,675,931.34 759,618,520.99
Taxes and extras of main 66,833,394.99 64,962,979.79 61,495,835.80 58,653,383.08
operations
II. Profit from main operations 495,911,590.02 575,482,899.81 593,633,710.66 546,102,910.66
(loss is listed as??
Add: other operating profit 20,060,060.86 11,877,199.56 5,791,501.86 832,738.80
(loss is listed as??
Less: Operating expenses 17,990,034.08 13,998,213.97 11,244,838.13 10,927,845.61
Administrative expenses 62,174,652.24 37,313,865.48 78,312,344.24 39,848,158.30
Financial expenses -27,905,751.26 -24,644,799.44 -9,394,195.60 -15,414,868.87
III. Operating profit (loss is 463,712,715.82 560,692,819.36 519,262,225.75 511,574,514.42
listed as??
Add: Investment income (loss is 18,007,750.01 5,242,490.71 20,933,313.72 19,847,508.67
listed as??
Subsidy income
Non-operating income 325,788.59 17,754.00 198,936.68
Less: non-operating expenses 1,555,500.44 1,380,805.48 564,746.93 200,000.00
IV. Total profit (loss is listed as 480,490,753.98 564,572,258.59 539,829,729.22 531,222,023.09
??
Less: Income taxes 87,552,358.44 85,290,811.47 80,917,811.59 77,034,067.36
Minority interests (listed -11,554,492.68 -3,743,117.38
consolidation statements)
Add: Unconfirmed investment
loss (listed consolidation
statements)
V. Net profit (loss is listed as 404,492,888.22 479,281,447.12 462,655,035.01 454,187,955.73
??
2.3 Particulars about shares held by the top ten shareholders of circulation share
Unit: share
173257 shareholders (including 63690 shareholders
Total shareholders at the end of report period
of B-share)
Particulars about shares held by the top ten shareholders of circulation share
Holding circulation
Type (A-share, B-share,
Name of shareholders (full name) shares at the
H-share or other)
period-end
TOYO SECURITIES ASIA LTD.A/C CLIENT 14,312,768 B
NAITO SECURITIES CO., LTD 13,619,500 B
CORE PACIFIC-YAMAICHI INTERNATIONAL
8,676,369 B
(H.K.) LIMITED
THE NOMURA SECURITIES CO.LTD 5,814,417 B
AIZAWA SECURITIES CO., LTD 4,748,140 B
WANG SHANG KEE&/OR CHIN WAN LAN 4,045,591 B
DEUTSCHE BANK LONDON 3,942,400 B
SKANDIA GLOBAL FUNDS PLC 3,394,599 B
HSBC JAMES CAPEL ASIA LTD 3,281,060 B
SCBHK A/C BBH S/A JP TSTE 3,189,919 B
3. Discussion and Analysis of the Management
3.1 Brief analysis of total status of operating activities in the report period
In the report period, the Company抯business situation basically remained stable.
From the 1st quarter to the 3rd quarter, the Company signed the contracts of use right
for two lands in total with the amount of contracts of RMB 469 million. The
Company realized the collection of land use right transfer project amounting to RMB
1.76 billion, the collection of lease and sales of real estate amounting to RMB 170
million. The Company realized sales income amounting to RMB 1.22 billion, a
decrease of 14.3% compared with the same period of last year, of which, land use
right transfer project amounting to RMB 1.145 billion, as well as lease and sales of
real estate and other income amounting to RMB 69.51 million. The Company realized
net profit of RMB 404 million, down 12.6% compared with the same period of last
year.
In the report period, the Company made great efforts to construct and manage the
stated projects, and actively developed market investigation and research and layout
adjustment of new projects and fulfillment of prospective economic index, in order to
ensure sustained, steady and healthy development of the Company.
3.1.1 Particulars about main industries or products taking over 10% of the total
amount of income from main operations or profit of main operations
√Applicable □Inapplicable
Unit: RMB
Industry Income from main Cost of main Gross profit ratio
operations operations (%)
Transfer of land use right
1,146,732,508.00 603,486,318.52 47
Including: Related transaction
3.1.2 Seasonal and periodicity characteristics of the operation
□Applicable √Inapplicable
3.1.3 Profit formation of the report period (Explanation of reason and material change
of proportion of profit of main operations, other operating profit, period expense,
investment income, subsidy income and non-operating income/expenses in the total
amount of profit compared with of the previous report period)
□Applicable √Inapplicable
3.1.4 Explanation on material change of core business and its structure and the reason
compared with the previous report period
□Applicable √Inapplicable
3.1.5 Explanation of reason and material change of profitability capability of core
business (gross profit ratio) compared with the previous period
□Applicable √Inapplicable
3.2 Analysis and explanation of significant events and the influence and solutions
□Applicable √Inapplicable
3.3 Particulars about accounting policy, accounting estimation, change of consolidated
scope and significant accounting errors and explanation of reasons
□Applicable √Inapplicable
3.4 Relevant explanation of the Board of Directors and the Supervisory Committee
under the situation of being audited and provided"Qualified Opinion?
□Applicable √Inapplicable
3.5 Estimation of accumulative net profit from the beginning of the year to the end of
next report period to be loss probably or the warning of its material change compared
with the corresponding period of the last year and explanation of reason
□Applicable √Inapplicable
3.6 Rolling adjustment of annual business plan or budget ever disclosed
□Applicable √Inapplicable
Board of Directors of
Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd.
Chairman of the Board: Yang Xiaoming
Oct. 30, 2004
Stock Code: 600663 (A share), 900932 (B share) Short Form of Stock: Lujiazui, Lujiazui B
No.: L2004-015
Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd.
Public Notice on Resolutions of the 14th Meeting of the 3rd Board
of Directors
Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. (hereinafter referred
to as the Company) and all the members of its Board of Directors hereby confirm the
truthfulness, accuracy and completeness of the contents of the notice and take the
joint responsibility for any falsehood, misleading statement or material omission
carried in the notice.
The 14th Meeting of the 3rd Board of Directors of Shanghai Lujiazui Finance & Trade
Zone Development Co., Ltd. was held in Tianjin on Oct. 28, 2004. 8 directors should
be present and actually 6 of them attended the Meeting, which was presided over by
Yang Xiaoming, Chairman of the Board. Director Qu Chengkang and Wang Yagu
authorized Director Yang Xiaoming and Qian Jiahong to attend the Meeting and vote
on their behalf respectively. All supervisors of the Company attended the Meeting as
nonvoting delegates, in accordance with relevant regulations in Company Law of the
P.R.C. and the Articles of Association of the Company. The resolutions made at the
Meeting were legal and effective and the following proposals have been passed
unanimously after consideration and voting of all directors:
I. The Third Quarterly Report 2004 of the Company;
II. Proposal on Composing of Nomination Committee and Auditing Committee of the
Board of Directors of the Company;
Candidates and director committeeman of Nomination Committee of the Board of
Directors of the Company were as follows:
5 candidates of committeemen: Yang Xiaoming, Qu Chengkang, Yao Xitang, Huang
Xixiong and Lu Qiyao
Director committeeman: Yao Xitang
Candidates and director committeeman of Auditing Committee of the Board of
Directors of the Company were as follows:
5 candidates of committeemen: Yang Xiaoming, Qu Chenggang, Yao Xitang, Huang
Xixiong and Lu Qiyao
Director committeeman: Huang Xixiong
III. Proposal on Establishing Tianjin Project Company;
The registered capital of the said company was RMB 10 million, of which, the
Company invested RMB 9.90 million, accounting for 99% of the registered capital.
Shanghai Lujiazui Finance & Trade Zone United Development Co., Ltd., a controlling
subsidiary of the Company, invested RMB 100,000, accounting for 1% of the
registered capital. The said company was mainly engaged in project development of
the plot in Xiaohuoxiang, Tianjin.
The business scope of the said company was development and operation of real estate,
housing lease and investment etc.. The original establishing proposal of Tianjin
Branch considered and passed by the 10th Meeting of the 3rd Board of Directors of the
Company was no longer implemented.
IV. Proposal on Canceling Such Four Branches as Construction, Municipal, Urban
Construction and Property.
In order to adapt to the need of the Company抯flat management and change of the
State抯 removal policy, urban removal, municipal construction and property
development accessory functions originally burdened by the said four companies
would be assumed accordingly by the Company抯especially functional department.
Board of Directors of
Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd.
Oct. 30, 2004