Integrated Business Platform Expansion
Financial Overview: Cash Flow Management
Strong internal
capital reserves
.
•
Abundant cash balance - available cash and bank balances of approximately RMB 27.21 billion¹ as of 31
December 2014, accounting for 10.2% of the total assets and maintaining the Company's financial flexibility
Strong internally generated cash and liquidity as a result of quick asset-turnover model
Capital market
financing
•
.
Debt: Eight successful issuances in the USD bond market since 2009 till December 31, 2014, and the company
had its first private placement transaction in June 2014
• Well-known name in high yield market with ongoing dialogue with investors
Raised HK$4.5 Billion from HK$/US$ Dual Currency Four-year Loan at Dec 2014.
Equity: US$400 mn equity placement in Feb 2012 (US$282 mn primary, US$118 mn secondary). From Aug to
Oct 2014, HK$3.18 billion rights issue was oversubscribed by 7.8 times.
Agricultural Bank of China, Bank of China, Industrial and Commercial Bank of China, China Construction Bank,
HSBC, Hang Seng Bank, China Guangfa Bank, China Minsheng Bank, Shanghai Pudong Development Bank, Bank
of Communications, J.P.Morgan, Goldman Sachs, Deutsche Bank and BEA, as well as local commercial banks,
中國銀行
Strong long-term
etc.
relationship with
financial
中国农业银行
AGRICULTURAL BANK OF CHINA
BANK OF CHINA
institutions
中国建设银行
HSBC X
China Construction Bank
ICBC 中国工商银行
△ 广发银行ICGB 中国民生银行
0 恒生銀行 HANG SENG BANK
交通銀行
CHINA MINSHENG BANKING CORP ITD.
J 浦发银行
SPD BANK
BANK OF COMMUNICATIONS
Note: 1. Including restricted cash
Goldman
Sachs
J.P.Morgan
Deutsche Bank
東亞銀行
As of 31 December 2014, approximately RMB 35.98 billion bank facilities undrawn from major Chinese banks
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