陆家嘴(600663)2008年年度报告摘要

上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 §1 重要提示 1.1 本公司董事会、监事会及董事、监事、高级管理人员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、准确性和完整性承担个别及连带责任。 本年度报告摘要摘自年度报告全文，投资者欲了解详细内容，应当仔细阅读年度报告全文。 1.2 公司全体董事出席董事会会议。 1.3 德豪国际上海众华沪银会计师事务所为本公司出具了标准无保留意见的审计报告。 1.4 公司负责人杨小明、主管会计工作负责人胡习及会计机构负责人（会计主管人员）倪智勇声明： 保证年度报告中财务报告的真实、完整。 §2 公司基本情况简介 2.1 基本情况简介 股票简称 陆家嘴 股票代码 600663 上市交易所 上海证券交易所 股票简称 陆家 B 股 股票代码 900932 上市交易所 上海证券交易所 公司注册地址和办公地址 中国上海市浦东大道 981 号 中国上海市浦东大道 981 号 邮政编码 200135 公司国际互联网网址 www.ljz.com.cn 电子信箱 invest@ljz.com.cn 2.2 联系人和联系方式 董事会秘书 姓名 蒋平 联系地址 中国上海市浦东大道 981 号 电话 86-21-58878888-650 传真 86-21-58873688 电子信箱 jp@ljz.com.cn §3 会计数据和业务数据摘要： 3.1 主要会计数据 单位：元 币种：人民币 本年比上年 2008 年 2007 年 2006 年 增减(%) 营业收入 1,699,886,000.59 2,051,007,390.61 -17.12 2,868,433,978.12 利润总额 1,117,093,319.57 878,645,162.75 27.14 1,351,605,937.26 归属于上市公司股 880,460,051.14 754,249,167.66 16.73 604,918,123.82 东的净利润 归属于上市公司股 东的扣除非经常性 118,864,105.34 742,776,284.41 -84.00 487,080,014.39 损益的净利润 经营活动产生的现 -1,083,285,457.10 338,549,071.58 -419.98 939,715,820.51 金流量净额 第 1 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 本年末比上 2008 年末 2007 年末 2006 年末 年末增减(%) 总资产 17,786,699,183.70 14,303,813,977.33 24.35 12,782,603,294.94 所有者权益（或股 8,410,886,478.63 8,210,365,371.88 2.44 7,122,011,413.74 东权益） 3.2 主要财务指标 2008 年 2007 年 本年比上年增减(%) 2006 年 基本每股收益（元／股） 0.4714 0.4038 16.74 0.3239 稀释每股收益（元／股） 0.4714 0.4038 16.74 0.3239 扣除非经常性损益后的基本每股收益（元 0.0636 0.3977 -84.01 0.2608 ／股） 全面摊薄净资产收益率（%） 10.47 9.19 增加 1.28 个百分点 8.49 加权平均净资产收益率（%） 10.39 10.00 增加 0.39 个百分点 8.88 扣除非经常性损益后全面摊薄净资产收益 1.41 9.05 减少 7.64 个百分点 6.84 率（%） 扣除非经常性损益后的加权平均净资产收 1.40 9.85 减少 8.45 个百分点 7.15 益率（%） 每股经营活动产生的现金流量净额（元／ -0.58 0.18 -419.98 0.50 股） 2008 年 2007 年 本年末比上年末增 2006 年 末 末 减(%) 末 归属于上市公司股东的每股净资产（元／ 4.50 4.40 2.44 3.81 股） 非经常性损益项目 √适用 □不适用 单位：元 币种：人民币 非经常性损益项目 金额 非流动资产处置损益 2,786,171.40 计入当期损益的对非金融企业收取的资金占用费 27,396,599.42 非货币性资产交换损益 942,799,236.49 单独进行减值测试的应收款项减值准备转回 11,691,769.37 除上述各项之外的其他营业外收入和支出 7,156,868.52 少数股东权益影响额 -12,563,275.36 所得税影响额 -217,671,424.04 合计 761,595,945.80 3.3 境内外会计准则差异： √适用 □不适用 单位：元 币种：人民币 国内会计准则 境外会计准则 净利润 880,460,051.14 880,460,051.14 净资产 8,410,886,478.63 8,410,886,478.63 第 2 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 §4 股本变动及股东情况 4.1 股份变动情况表 □适用 √不适用 限售股份变动情况表 □适用 √不适用 4.2 股东数量和持股情况 单位：股 报告期末股东总数 140,549 户 前十名股东持股情况 持股比 持有有限售条 质押或冻结的股份 股东名称 股东性质 持股总数 例(%) 件股份数量 数量 上海陆家嘴(集团)有 国有法人 57.64 1,076,556,437 1,067,736,437 无 限公司 上海国际信托投资有 国有法人 3.00 56,000,163 无 限公司 SCBHK A/C KG INVESTMENTS ASIA 其他 2.36 44,140,561 未知 LIMITED DAIWA SECURITIES SMBC HONG KONG LTD - 其他 0.84 15,663,845 未知 CLIENTS ACCOUNT JPMCB / LGT BANK IN LIECHTENSTEIN 其他 0.51 9,549,900 未知 AKTIENGESELLSCHAFT 申银万国证券股份有 国有法人 0.47 8,820,000 冻结 2,310,000 限公司 UBS AG 其他 0.37 6,923,370 未知 中国农业银行-中邮 境内非国 核心优选股票型证券 0.33 6,108,241 无 有法人 投资基金 TOYO SECURITIES ASIA LTD. A/C 其他 0.33 6,085,310 未知 CLIENT 海通－中行－渣打银 其他 0.32 5,931,114 无 行(香港)有限公司 前十名无限售条件股东持股情况 持有无限售条件股份的数 股东名称 股份种类 量 上海国际信托投资有限公司 56,000,163 人民币普通股 SCBHK A/C KG INVESTMENTS ASIA 44,140,561 境内上市外资股 LIMITED DAIWA SECURITIES SMBC HONG 15,663,845 境内上市外资股 KONG LTD - CLIENTS ACCOUNT JPMCB / LGT BANK IN LIECHTENSTEIN 9,549,900 境内上市外资股 AKTIENGESELLSCHAFT 上海陆家嘴（集团）有限公司 8,820,000 人民币普通股 申银万国证券股份有限公司 8,820,000 人民币普通股 UBS AG 6,923,370 人民币普通股 第 3 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 中国农业银行-中邮核心优选股 6,108,241 人民币普通股 票型证券投资基金 TOYO SECURITIES ASIA LTD. A/C 6,085,310 境内上市外资股 CLIENT 海通－中行－渣打银行(香港) 5,931,114 人民币普通股 有限公司 上述股东关联关系或一致行动 公司未知晓上述股东是否存在关联关系或者属于一致行动人。 的说明 4.3 控股股东及实际控制人情况介绍 4.3.1 控股股东及实际控制人变更情况 □适用 √不适用 4.3.2 控股股东及实际控制人具体情况介绍 4.3.2.1 法人控股股东情况 单位:元 币种:人民币 名称 法定代表人 注册资本 成立日期 主营业务 房地产开发经营,市 政基础设施建设投 上海陆家嘴(集 杨小明 1,743,195,704 1990 年 8 月 1 日 资,投资咨询,实体投 团)有限公司 资,国内贸易(除专项 规定),资产管理经营 4.3.2.2 法人实际控制人情况 单位: 元 币种:人民币 名称 法定代表人 注册资本 成立日期 主营业务 上海市国有资产 监督管理委员 会、上海市浦东 新区国有资产监 督委员会 4.3.3 公司与实际控制人之间的产权及控制关系的方框图 上海市国有资产监督管理委员会 上海市浦东新区国有资监督管理委员会 100% 上海陆家嘴（集团）有限公司 57.64% 本公司 第 4 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 §5 董事、监事和高级管理人员 5.1 董事、监事和高级管理人员持股变动及报酬情况 单位:股 报告期被授予的股权激励 是否 情况 在股 东单 报告期内 位或 变 从公司领 可 已 其他 姓 性 年 任期 年初持 年末持 动 职务 取的报酬 行 行 期末股 关联 名 别 龄 起止日期 股数 股数 原 行权价 总额（万 权 权 票市价 单位 因 （元） 元） 股 数 （元） 领取 数 量 报 酬、 津贴 杨 董事 2008 年 5 月 30 日～ 小 男 56 4,050 4,050 0 是 长 2011 年 5 月 29 日 明 董 李 事、 2008 年 5 月 30 日～ 晋 男 47 433,104 否 总经 2011 年 5 月 29 日 昭 理 徐 2008 年 5 月 30 日～ 而 董事 男 41 0 是 2011 年 5 月 29 日 进 董 施 事、 2008 年 5 月 30 日～ 国 男 55 369,492 否 副总 2011 年 5 月 29 日 华 经理 瞿 2008 年 5 月 30 日～ 承 董事 男 52 0 是 2011 年 5 月 29 日 康 陆 独立 2008 年 5 月 30 日～ 启 男 62 60,000 否 董事 2011 年 5 月 29 日 耀 冯 独立 2008 年 5 月 30 日～ 正 男 66 60,000 否 董事 2011 年 5 月 29 日 权 吕 独立 2008 年 5 月 30 日～ 男 44 35,000 否 巍 董事 2011 年 5 月 29 日 尤 独立 2008 年 5 月 30 日～ 建 男 47 35,000 否 董事 2011 年 5 月 29 日 新 吴 监事 2008 年 5 月 30 日～ 福 会主 男 60 0 是 2011 年 5 月 29 日 潮 席 监事 严 2008 年 5 月 30 日～ 会副 男 56 1,215 1,215 0 是 军 2011 年 5 月 29 日 主席 荀 2008 年 5 月 30 日～ 九 监事 男 54 12,350 12,350 0 是 2011 年 5 月 29 日 斤 第 5 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 陈 职工 2008 年 5 月 30 日～ 男 39 293,369 否 松 监事 2011 年 5 月 29 日 陶 职工 2008 年 5 月 30 日～ 剑 女 35 254,508 否 监事 2011 年 5 月 29 日 雯 竺 副总 2008 年 5 月 30 日～ 家 女 55 385,321 否 经理 2011 年 5 月 29 日 颖 朱 副总 2008 年 5 月 30 日～ 男 52 17,337 17,337 439,108 否 蔚 经理 2011 年 5 月 29 日 副总 蒋 经 2008 年 5 月 30 日～ 女 51 406,492 否 平 理、 2011 年 5 月 29 日 董秘 朱 人力 2008 年 5 月 30 日～ 宗 资源 男 55 0 是 2011 年 5 月 29 日 巍 总监 财务 胡 2008 年 5 月 30 日～ 副总 男 41 0 是 习 2011 年 5 月 29 日 监 合 / / / / / 2,771,394 / / / 计 董事长杨小明，董事徐而进，监事严军，人力资源总监朱宗巍在公司持股 55%的子公司上海陆家嘴金 融贸易区联合发展有限公司领取报酬；财务副总监胡习在公司持股 90%的子公司上海陆家嘴开发大厦 有限公司领取报酬；监事吴福潮、荀九斤在上海市浦东新区国有资产监督委员会领取报酬。报告期内 董事长杨小明领取的报酬共计 539,704 元，董事徐而进领取的报酬共计 433,104 元，监事严军领取的 报酬共计 433,104 元，人力资源总监朱宗巍领取的报酬共计 467,606 元，财务副总监胡习领取的报酬 共计 290,182 元（均为税前）。计入上述人员领取的报酬后，董事、监事、高级管理人员报告期内领 取的报酬共计为 4,935,094 元。 §6 董事会报告 6.1 管理层讨论与分析 1、公司 2008 年工作综述 2008 年，公司结合自身主营业务发展的实际进程和未来持续稳健发展的需要，坚持加快推进主营业务 转型战略不动摇。公司上下围绕董事会确定的各项年度工作目标，通过扎实有效的工作，推动公司各 项业务的发展。 公司项目开发面积持续增长，塘东总部基地、陆家嘴基金大厦、陆家嘴投资大厦、世纪大都会等９个 项目先后实现开工，使公司持有的竣工及在建物业面积突破百万平米。 公司开始实施跨地域经营战略。公司在天津的投资项目天津虹桥国际社区陆家嘴河滨公寓（一期）工 程实现开工，这是公司首个跨地域开发的项目，实现了公司开发地域的新突破。 公司租赁收入继续保持快速增长趋势，全年公司及下属企业各类房产的租赁收入达到 2.55 亿元，与 2007 年相比，增长了 68%。 2、公司 2008 年工作实绩 （1）项目开发稳步推进 2008 年，公司继续加大主营功能性产品开发建设的力度，在产品开发规模和开发地域上实现了新的突 破。年末，随着塘东总部基地、陆家嘴基金大厦、陆家嘴投资大厦、世纪大都会和天津虹桥国际社区 ----陆家嘴河滨公寓（一期）工程的先后开工，也首次实现了开发地域向上海以外地区的延伸。全年， 公司及下属企业共投入项目建设资金 13.5 亿元（其中上海陆家嘴金融贸易区联合发展公司 5.84 亿）。 公司全年新开工项目 9 个，总建筑面积 103 万平方米，分别为陆家嘴中心区 B2-1 地块陆家嘴信息服务 第 6 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 中心、竹园 2-11 地块陆家嘴基金大厦、软件园 C 区改造装修项目、塘东总部基地、竹园 2-9 地块陆家 嘴投资大厦、竹园 2-3 地块世纪大都会、竹园 2-16 地块竹园绿地配套用房、软件园 11 号研发楼和天 津红桥国际社区。 竣工项目 5 个，建筑面积 17 万平方米，其中地下建筑面积 6 万平方米，分别为金桥创科园、软件园 9 号楼、陆家嘴 96 广场、陆家嘴中心区 X2-3 地块酒吧项目、陆家嘴 1885 文化休闲中心。 按计划推进的在建项目 5 个，建筑面积 30 万平方米，其中地下建筑面积 4 万平方米：分别为中国钻石 交易中心（陆家嘴钻石大厦）、陆家嘴金融中心大厦、陆家嘴软件园 10 号研发楼、东和公寓、东银公 寓。 另外尚有数个项目正在抓紧进行前期审批工作，主要包括：金桥商业中心、SN1 地块商办中心、陆家 嘴软件园 12 号研发楼、金桥德勤项目、竹园 2-13-4 地块项目等。 2 2 项目名称 地上建筑面积（m ） 总建筑面积（m ） 竣工日期 权益比例 竣工项目 金桥创科园 32417 32417 2008-5 100% 软件园 9 号楼 38800 47000 2008-6 100% 陆家嘴 96 广场 28800 66000 2008-9 55% 陆家嘴 1885 文化中心 7500 13942 2008-4 100% 在建项目 东和公寓 85000 98970 2009 100% 东银公寓 39400 45000 2010 100% 陆家嘴金融投资大厦（原名陆家 46000 71600 2009 100% 嘴金融中心大厦） 钻石大厦 39000 49600 2009 55% 软件园 10 号楼 24500 29000 2009 100% 新开工项目 陆家嘴中心区 B2-1 地块陆家嘴 5000 10000 2010 100% 信息服务中心 竹园 2-11 地块陆家嘴基金大厦 32500 45300 2011 55% 软件园 C 区（上好佳厂房）改造 11000 11000 2008-12 100% 装修项目 塘东总部基地 300000 450000 2014 100% 竹园 2-9 地块陆家嘴投资大厦 33300 44000 2011 55% 竹园 2-3 地块世纪大都会 164000 277500 2014 55% 竹园 2-16 地块竹园绿地配套用 3500 10000 2010 55% 房 软件园 11 号楼 71452 90586 2011 100% 天津红桥国际社区（一期） 80387 106027 2010-12 100% （2）产品营销逆势上扬。 尽管遭遇到国际金融危机和房地产市场整体转冷，但经过公司上下，尤其是各营销团队的不懈努力， 公司年度营销业绩完成情况仍然令人振奋。全年，公司实现主营业务收入 17 亿元，其中房产租赁收入 2.55 亿元，较去年增长了 68%，公司租赁收入连续第四年保持了上升势头 公司重视完善营销管理体制，充实营销团队力量，完善营销体系建设，根据公司开发产品定位主要是 甲级写字楼、现代商业、都市研发楼、国际社区的特点，明确由下属专业公司和团队分别负责办公、 第 7 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 商业、研发、国际社区产品的营销。按产品功能组建专业的营销队伍，使公司建立了专业化、系统化 的营销体系，不仅使公司在 2008 年保持了良好营销业绩，也为公司产品在 2009 年集中上市做好了准 备。 （3）企业管理持续改善。 董事会确定公司以“积极实践主营业务战略转型，努力成为商业地产领头羊”为目标推动各项工作， 在着力推进产品开发、产品营销的同时，始终立足提高市场竞争力和可持续发展能力，改革和优化各 项企业管理工作。 公司建立预算执行情况的月度汇总分析制度。每月评估主营业务预算完成情况，及时发现工作中的问 题和预算执行的偏差，分析原因，并以实事求是的态度确定纠偏方法，使公司各项工作处于可控状态， 预算执行精确度在 2008 年获得显著提高。 严格执行招投标制度。以公开、公平、公正为原则，通过招投标方式选取报价合理、技术精良、信誉 良好的专业服务单位、工程承包单位以及供货商，既有效控制了项目建设成本，又构筑了廉政安全防 线。 继续推行集中采购制度。2008 年，公司在产品建设过程中继续通过招投标推行集中采购制度。同时， 继续结合产品开发的需要，甄选合格供应商，努力为项目开发争取到最优惠的设备、材料供应价格和 最优质的服务。 建立了绩效挂钩的《主营业务工作考核办法》。以产品建设进度和营销收入完成情况为指标对各部门 进行工作完成情况考评并与奖金发放挂钩，逐步建立了绩效挂钩的考核机制。 公司根据监管部门要求，积极开展公司治理专项整改。根据上海证监局对公司专项治理提出的要求， 逐条落实整改措施，努力按要求规范公司运作和各项管理，确保公司股东利益最大化。 3、工作体会与不足 金融风暴使得外部经济环境严峻，保持公司营销收入持续增长的难度加大，公司对市场的研究能力、 营销能力以及营销方式多样化的实践能力有待进一步提高； 公司面临的开发任务依然繁重，产品开发强度和规模“满负荷”运转的状况短期内难以改变，全体员 工工作战斗力持续保持的难度加大，公司上下对董事会决策的执行力、企业运转效能和对员工的激励 强度有待进一步提高； 市场竞争依然激烈，产品创新将长期成为关键因素，公司产品设计、开发理念保持领先的难度加大， 公司上下引领产品创新、研究产品改善、解决客户实际需要、学习新技术新技能的能力有待进一步提 高； 在公司项目大规模处于开发建设的过程中，有效、有序进行顾问团队管理并发挥顾问团队作用的难度 持续增大，公司对功能性产品开发建设和各类顾问团队的管理能力、资源整合能力、综合协调能力以 及产品建设开发过程中有效、全面、准确贯彻业主开发意图的能力有待进一步提高。 对上述问题，公司高度重视，严肃看待，并要努力在 2009 年的工作中切实加以解决。 与公允价值计量相关的项目 √适用 □不适用 单位：万元 本期公允价 计入权益的累计 本期计提的 项目 期初金额 期末金额 值变动损益 公允价值变动 减值 （1） （2） （6） （3） （4） （5） 金融资产 其中：1. 以公允价值 计量且其变 动计入当期 损益的金融 资产 其中： 衍生金融资 产 第 8 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 2.可供 出售金融资 1,105,900,891.29 213,497,141.09 383,408,346.85 产 金融资产小 1,105,900,891.29 213,497,141.09 383,408,346.85 计 合计 1,105,900,891.29 213,497,141.09 383,408,346.85 持有外币金融资产、金融负债情况 □适用 √不适用 6.2 主营业务分行业、产品情况表 单位:元 币种:人民币 营业利润 营业收入 营业成本 营业利润率 分行业或 营业收入 营业成本 率 比上年增 比上年增 比上年增减 分产品 (%) 减（％） 减（％） （%） 分行业 增加 20.62 个 土地批租 1,321,846,671.00 353,200,763.51 73.28 -5.38 -46.59 百分点 增加 12.17 个 房产销售 4,826,400.00 1,502,596.92 68.87 -98.99 -99.28 百分点 房地产租 增加 14.65 个 254,971,726.76 95,305,901.50 62.62 67.62 20.42 赁 百分点 减少 19.41 个 酒店业 111,099,015.71 67,553,581.33 39.20 1,295.04 1,949.00 百分点 其他业务 3,050,000.00 2,718,330.20 10.87 6.3 主营业务分地区情况表 单位:元 币种:人民币 地区 营业收入 营业收入比上年增减（％） 上海市 1,695,793,813.47 -16.71 6.4 募集资金使用情况 □适用 √不适用 变更项目情况 □适用 √不适用 6.5 非募集资金项目情况 √适用 □不适用 单位:元 币种:人民币 项目名称 项目金额（万元） 项目进度 项目收益情况 研发楼，地上建筑面积 3.2 万平方米，本 金桥创科园 27,453.53 报告期内竣工。 研发楼，地上建筑面积 3.9 万平方米，本 软件园 9 号楼 20,037.22 报告期内竣工。 商业建筑，地上建筑面积 2.9 万平方米， 陆家嘴 96 广场* 28,496.41 总建筑面积 6.6 万平方米，本报告期内已 竣工。 陆家嘴 1885 文化中 商业建筑，地上建筑面积 0.75 万平方米， 19,222.90 心 本报告期内已竣工。 公寓楼，国际社区项目，地上建筑面积 东和公寓 34,892.26 8.5 万平方米，预计 2009 年竣工。 第 9 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 公寓楼，地上建筑面积 3.9 万平方米，预 东银公寓 12,988.53 计 2010 年竣工。 陆家嘴金融投资大 甲级办公楼，地上建筑面积 4.6 万平方 厦（原名陆家嘴金融 48,131.68 米，预计 2009 年竣工。 中心大厦） 甲级办公楼，地上建筑面积 3.9 万平方 钻石大厦* 31,128.79 米，预计 2009 年竣工。 研发楼，地上建筑面积 2.5 万平方米，预 软件园 10 号楼 7,268.52 计 2009 年竣工。 陆家嘴信息服务中 办公楼，地上建筑面积 0.5 万平方米， 心（陆家嘴中心区 1,996.16 2008 年 5 月开工，完成地下防水灌砂工 B2-1 地块） 作，预计 2010 年竣工。 甲级办公楼，地上建筑面积 3.3 万平方 陆家嘴基金大厦（竹 4,553.80 米，2008 年 6 月开工，完成第二道支撑 园 2-11 地块）* 施工，预计 2011 年竣工。 甲级办公楼群，地上建筑面积共 30 万平 塘东总部基地 23,802.70 方米，2008 年 11 月开工，现正在进行地 下空间工程，预计 2014 年全部竣工。 甲级办公楼，地上建筑面积 3.3 万平方 陆家嘴投资大厦（竹 2,773.98 米，2008 年 11 月开工，完成场内钻孔灌 园 2-9 地块）* 注桩,完成抗拔试验，预计 2011 年竣工。 大型商办综合项目，地上建筑面积 16.4 世纪大都会（竹园 41,297.52 万平方米，总建筑面积 27.8 万平方米， 2-3 地块）* 2008 年 12 月开工，预计 2014 年竣工。 商办楼，地上建筑面积 0.35 万平方米， 竹园绿地配套用房 1,122.13 2008 年 11 月开工，完成围护桩，工程桩 （竹园 2-16 地块）* 施工，预计 2010 年竣工。 研发办公楼，地上建筑面积 7.1 万平方 软件园 11 号楼 748.69 米，2008 年 12 月开工，预计 2011 年竣 工。 大型综合项目，一期为高档住宅，地上建 天津红桥国际社区 205,252.94 筑面积 8 万平方米，2008 年 12 月开工， （一期） 预计 2010 年后竣工。 注“*”项目为控股子公司上海陆家嘴金融贸易区联合发展有限公司项目，公司占有 55%权益。 6.6 董事会对会计师事务所“非标准审计报告”的说明 □适用 √不适用 6.7 董事会本次利润分配或资本公积金转增股本预案 2008 年度公司（母公司）实现净利润 888,563,180.38 元。根据公司法及公司章程规定，分别按年度 净利润 10%提取法定盈余公积和任意盈余公积后，2008 年度可供分配的利润为 710,850,544.30 元。拟 以 2008 年末总股本 1,867,684,000 股为基数，按每 10 股派现 1.14 元人民币（含税）向全体股东分配 利润，共计分派现金股利 212,915,976.00 元，比上一年度增长 41%。本决议事项提交股东大会审批。 公司本报告期内盈利但未提出现金利润分配预案 □适用 √不适用 第 10 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 §7 重要事项 7.1 收购资产 □适用 √不适用 7.2 出售资产 □适用 √不适用 7.3 重大担保 □适用 √不适用 7.4 重大关联交易 7.4.1 与日常经营相关的关联交易 √适用 □不适用 单位:万元 币种：人民币 向关联方销售产品和提供劳务 向关联方采购产品和接受劳务 关联方 占同类交易金额的 占同类交易金额的 交易金额 交易金额 比例(%) 比例(%) 上海陆家嘴（集 2,338.3 团）有限公司 上海陆家嘴城 建配套管理服 93.37 74.23 务有限公司 上海陆家嘴房 地产经纪有限 52.42 公司 上海陆家嘴物 业管理有限公 144.29 司 上海陆家嘴市 政绿化管理有 15 限公司 合计 305.08 2,412.53 7.4.2 关联债权债务往来 √适用 □不适用 单位：万元 币种：人民币 向关联方提供资金 关联方向公司提供资金 关联方 发生额 余额 发生额 余额 上海陆家嘴城建配 套管理服务有限公 124.54 124.54 司 上海高泰稀贵金属 452.54 452.54 股份有限公司 上海陆家嘴(集团) 63.05 63.05 有限公司 合计 577.08 577.08 63.05 63.05 第 11 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 7.4.3 2008 年资金被占用情况及清欠进展情况 □适用 √不适用 截止 2008 年末，上市公司未完成非经营性资金占用的清欠工作的，董事会提出的责任追究方案 □适用 √不适用 7.5 委托理财 □适用 √不适用 7.6 承诺事项履行情况 7.6.1 公司或持股 5%以上股东在报告期内或持续到报告期内的承诺事项 √适用 □不适用 承诺事项 承诺内容 履行情况 公司股权分置改革完成后，所持有的 非流通股股份自股权分置改革方案 股改承诺 未发生任何违反承诺的情形。 实施之日起，三十六个月内不在上海 证券交易所挂牌出售。 7.6.2 公司资产或项目存在盈利预测，且报告期仍处在盈利预测期间，公司就资产或项目是否达到原 盈利预测及其原因作出说明： □适用 √不适用 7.7 重大诉讼仲裁事项 □适用 √不适用 7.8 其他重大事项及其影响和解决方案的分析说明 7.8.1 证券投资情况 □适用 √不适用 7.8.2 持有其他上市公司股权情况 √适用 □不适用 单位：元 证 占该公 报告 会计 证券代 券 司股权 报告期所有者权 股份 初始投资金额 期末账面值 期损 核算 码 简 比例 益变动 来源 益 科目 称 （％） 招 可供 商 出售 600036 20,855,683.17 0.14 213,891,968.00 -362,393,854.50 银 金融 行 资产 中 可供 卫 出售 600640 51,655,628.00 3.45 99,233,352.09 -76,397,225.04 国 金融 脉 资产 交 可供 通 出售 601328 6,260,500.00 0.01 27,428,247.00 -47,218,248.00 银 金融 行 资产 豫 可供 园 出售 600655 3,513,000.00 0.03 18,402,919.36 -12,859,895.70 商 金融 城 资产 第 12 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 申 可供 能 出售 600642 5,955,200.00 0.1 18,329,400.00 -26,667,900.00 股 金融 份 资产 百 可供 联 出售 600631 642,700.00 0.03 2,518,728.30 -1,778,128.73 股 金融 份 资产 白 可供 猫 出售 600633 1,349,000.00 0.26 1,980,000.00 -2,123,550.00 股 金融 份 资产 爱 可供 建 出售 600643 280,000.00 0.02 834,036.10 228,539.89 股 金融 份 资产 可供 新 出售 600638 黄 153,500.00 0.02 789,696.00 -593,762.40 金融 浦 资产 合计 90,665,211.17 / 383,408,346.85 -529,804,024.48 / / 7.8.3 持有非上市金融企业股权情况 √适用 □不适用 报 告 所 期 会 持 占该 所 计 股 对 公司 有 核 份 初始投资金额 持有数量 期末账面值 报告期损益 象 股权 者 算 来 名 比例 权 科 源 称 益 目 变 动 长 天 期 安 股 37,810,200.00 34,500,000.00 1.59 -37,810,200.00 保 权 险 投 资 长 大 期 众 股 35,112,000.00 30,240,000.00 4 35,112,000.00 保 权 险 投 资 长 光 期 大 股 33,110,000.00 16,940,000.00 0.21 33,110,000.00 银 权 行 投 资 第 13 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 国 长 泰 期 君 股 11,513,623.83 9,859,435.00 0.17 6,974,671.21 3,802,070.00 安 权 证 投 券 资 长 申 期 银 股 43,724,527.92 32,388,539.00 0.48 4,862,263.96 3,886,624.68 万 权 国 投 资 合 161,270,351.75 / 80,058,935.17 -30,121,505.32 / / 计 7.8.4 买卖其他上市公司股份的情况 □适用 √不适用 7.9 公司是否披露履行社会责任的报告：否 §8 监事会报告 监事会认为公司依法运作、公司财务情况、公司募集资金使用、公司收购、出售资产交易和关联 交易不存在问题。 第 14 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 §9 财务会计报告 9.1 审计意见 财务报告 □未经审计 √审计 审计意见 √标准无保留意见 □非标意见 审计意见全文 审计报告 沪众会字(2009)第 0450 号 上海陆家嘴金融贸易区开发股份有限公司全体股东： 我们审计了后附的上海陆家嘴金融贸易区开发股份有限公司(以下简称陆家嘴股份公司)财务报 表，包括 2008 年 12 月 31 日的公司及合并资产负债表，2008 年度的公司及合并利润表、公司及合并 股东权益变动表和公司及合并现金流量表以及财务报表附注。 一、管理层对财务报表的责任 按照企业会计准则的规定编制财务报表是陆家嘴股份公司管理层的责任。这种责任包括：(1)设 计、实施和维护与财务报表编制相关的内部控制，以使财务报表不存在由于舞弊或错误而导致的重 大错报；(2)选择和运用恰当的会计政策；(3)作出合理的会计估计。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上对财务报表发表审计意见。我们按照中国注册会计师审计准 则的规定执行了审计工作。中国注册会计师审计准则要求我们遵守职业道德规范，计划和实施审计 工作以对财务报表是否不存在重大错报获取合理保证。 审计工作涉及实施审计程序，以获取有关财务报表金额和披露的审计证据。选择的审计程序取决于 注册会计师的判断，包括对由于舞弊或错误导致的财务报表重大错报风险的评估。在进行风险评估 时，我们考虑与财务报表编制相关的内部控制，以设计恰当的审计程序，但目的并非对内部控制的 有效性发表意见。审计工作还包括评价管理层选用会计政策的恰当性和作出会计估计的合理性，以 及评价财务报表的总体列报。 我们相信，我们获取的审计证据是充分、适当的，为发表审计意见提供了基础。 三、审计意见 我们认为，陆家嘴股份公司财务报表已经按照企业会计准则的规定编制，在所有重大方面公允反映 了陆家嘴股份公司 2008 年 12 月 31 日的财务状况以及 2008 年度的经营成果和现金流量。 上海众华沪银会计师事务所有限公司 中国注册会计师：傅林生、陆士敏 上海延安东路 550 号海洋大厦 12F 2009 年 3 月 6 日 第 15 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 9.2 财务报表 合并资产负债表 2008 年 12 月 31 日 编制单位:上海陆家嘴金融贸易区开发股份有限公司 单位:元 币种:人民币 项目 附注 期末余额 年初余额 流动资产： 货币资金 2,425,673,439.08 4,190,084,524.56 结算备付金 拆出资金 交易性金融资产 应收票据 应收账款 1,175,894.99 1,408,171.29 预付款项 317,424,692.60 701,800,131.88 应收保费 应收分保账款 应收分保合同准备金 应收利息 600,000.00 600,000.00 应收股利 2,000,000.00 其他应收款 122,665,603.65 78,161,205.34 买入返售金融资产 存货 9,541,753,666.49 6,076,214,137.82 一年内到期的非流动 资产 其他流动资产 流动资产合计 12,409,293,296.81 11,050,268,170.89 非流动资产： 发放贷款及垫款 可供出售金融资产 383,408,346.85 1,105,900,891.29 持有至到期投资 10,000,000.00 长期应收款 长期股权投资 2,868,900,389.01 860,842,203.50 投资性房地产 1,448,084,371.84 1,022,743,988.62 固定资产 242,889,242.69 36,609,915.39 在建工程 工程物资 固定资产清理 生产性生物资产 油气资产 无形资产 378,750.00 493,750.00 开发支出 商誉 第 16 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 长期待摊费用 8,887,729.14 递延所得税资产 424,857,057.36 216,955,057.64 其他非流动资产 非流动资产合计 5,377,405,886.89 3,253,545,806.44 资产总计 17,786,699,183.70 14,303,813,977.33 流动负债： 短期借款 向中央银行借款 吸收存款及同业存放 拆入资金 交易性金融负债 应付票据 应付账款 335,193,447.35 179,896,192.65 预收款项 4,464,620,485.20 2,492,489,711.74 卖出回购金融资产款 应付手续费及佣金 应付职工薪酬 122,253,628.62 141,458,983.90 应交税费 281,743,654.37 110,340,954.16 应付利息 应付股利 12,800,000.00 14,500,000.00 其他应付款 3,090,126,014.66 1,836,803,064.43 应付分保账款 保险合同准备金 代理买卖证券款 代理承销证券款 一年内到期的非流动 负债 其他流动负债 流动负债合计 8,306,737,230.20 4,775,488,906.88 非流动负债： 长期借款 应付债券 长期应付款 14,956,138.11 9,293,325.06 专项应付款 预计负债 递延所得税负债 88,676,345.47 269,913,110.53 其他非流动负债 非流动负债合计 103,632,483.58 279,206,435.59 负债合计 8,410,369,713.78 5,054,695,342.47 股东权益： 股本 1,867,684,000.00 1,867,684,000.00 资本公积 1,557,063,836.59 2,085,720,376.98 第 17 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 减：库存股 盈余公积 2,067,581,764.41 1,889,869,128.33 一般风险准备 未分配利润 2,918,556,877.63 2,367,091,866.57 外币报表折算差额 归属于母公司所有者 8,410,886,478.63 8,210,365,371.88 权益合计 少数股东权益 965,442,991.29 1,038,753,262.98 股东权益合计 9,376,329,469.92 9,249,118,634.86 负债和股东权益合 17,786,699,183.70 14,303,813,977.33 计 公司法定代表人：杨小明 主管会计工作负责人：胡习 会计机构负责人：倪智勇 第 18 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 母公司资产负债表 2008 年 12 月 31 日 编制单位:上海陆家嘴金融贸易区开发股份有限公司 单位:元 币种:人民币 项目 附注 期末余额 年初余额 流动资产： 货币资金 781,741,459.04 1,534,943,161.36 交易性金融资产 应收票据 应收账款 预付款项 305,161,660.40 688,105,134.00 应收利息 应收股利 2,000,000.00 其他应收款 98,130,423.13 70,890,080.10 存货 5,466,150,560.96 4,415,194,247.14 一年内到期的非流动 100,000,000.00 资产 其他流动资产 流动资产合计 6,651,184,103.53 6,811,132,622.60 非流动资产： 可供出售金融资产 360,862,967.09 1,047,264,003.81 持有至到期投资 长期应收款 长期股权投资 3,849,434,229.09 1,422,262,852.98 投资性房地产 893,356,239.78 637,766,556.38 固定资产 19,060,545.89 29,506,790.11 在建工程 工程物资 固定资产清理 生产性生物资产 油气资产 无形资产 开发支出 商誉 长期待摊费用 递延所得税资产 349,728,259.29 144,110,172.92 其他非流动资产 890,000,000.00 非流动资产合计 6,362,442,241.14 3,280,910,376.20 资产总计 13,013,626,344.67 10,092,042,998.80 流动负债： 短期借款 200,000,000.00 交易性金融负债 应付票据 第 19 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 应付账款 251,465,143.40 124,279,543.85 预收款项 1,553,558,026.83 575,349,546.53 应付职工薪酬 1,336,717.64 9,947,386.36 应交税费 271,849,603.00 -16,004,038.57 应付利息 应付股利 其他应付款 2,860,581,535.94 1,581,325,279.56 一年内到期的非流动 负债 其他流动负债 流动负债合计 5,138,791,026.81 2,274,897,717.73 非流动负债： 长期借款 应付债券 长期应付款 14,956,138.11 9,293,325.06 专项应付款 预计负债 递延所得税负债 68,696,738.97 240,296,998.16 其他非流动负债 非流动负债合计 83,652,877.08 249,590,323.22 负债合计 5,222,443,903.89 2,524,488,040.95 股东权益： 股本 1,867,684,000.00 1,867,684,000.00 资本公积 1,634,348,336.01 2,148,001,629.46 减：库存股 盈余公积 2,067,581,764.41 1,889,869,128.33 未分配利润 2,221,568,340.36 1,662,000,200.06 外币报表折算差额 股东权益合计 7,791,182,440.78 7,567,554,957.85 负债和股东权益合 13,013,626,344.67 10,092,042,998.80 计 公司法定代表人：杨小明 主管会计工作负责人：胡习 会计机构负责人：倪智勇 第 20 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 合并利润表 2008 年 1—12 月 单位:元 币种:人民币 项目 附注 本期金额 上期金额 一、营业总收入 1,699,886,000.59 2,051,007,390.61 其中：营业收入 1,699,886,000.59 2,051,007,390.61 利息收入 已赚保费 手续费及佣金收入 二、营业总成本 686,693,429.31 1,188,192,755.12 其中：营业成本 520,983,655.97 951,612,307.06 利息支出 手续费及佣金支出 退保金 赔付支出净额 提取保险合同准备金净额 保单红利支出 分保费用 营业税金及附加 69,886,497.78 213,448,343.78 销售费用 53,422,603.14 18,367,086.91 管理费用 118,490,451.02 106,699,498.88 财务费用 -112,356,728.83 -99,449,419.44 资产减值损失 36,266,950.23 -2,485,062.07 加：公允价值变动收益（损失以“－” 号填列） 投资收益（损失以“－”号填列） 69,094,991.61 1,183,187.19 其中：对联营企业和合营企业的 53,758,219.05 -2,106,344.34 投资收益 汇兑收益（损失以“－”号填列） 三、营业利润（亏损以“－”号填列） 1,082,287,562.89 863,997,822.68 加：营业外收入 35,019,305.00 14,690,277.41 减：营业外支出 213,548.32 42,937.34 其中：非流动资产处置净损失 80,435.06 四、利润总额（亏损总额以“－”号填列） 1,117,093,319.57 878,645,162.75 减：所得税费用 200,569,311.81 16,556,339.97 五、净利润（净亏损以“－”号填列） 916,524,007.76 862,088,822.78 归属于母公司所有者的净利润 880,460,051.14 754,249,167.66 少数股东损益 36,063,956.62 107,839,655.12 六、每股收益： （一）基本每股收益 0.4714 0.4038 （二）稀释每股收益 0.4714 0.4038 公司法定代表人：杨小明 主管会计工作负责人：胡习 会计机构负责人：倪智勇 第 21 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 母公司利润表 2008 年 1—12 月 单位:元 币种:人民币 项目 附注 本期金额 上期金额 一、营业收入 1,473,568,802.26 1,528,424,274.86 减：营业成本 416,731,958.85 724,568,639.23 营业税金及附加 41,822,014.90 93,358,689.35 销售费用 21,541,688.47 9,868,392.78 管理费用 50,130,370.98 44,755,784.87 财务费用 -12,999,848.21 -56,101,901.95 资产减值损失 31,293,474.63 -2,152,876.07 加：公允价值变动收益（损失以 “－”号填列） 投资收益（损失以“－”号 134,837,920.42 79,930,107.47 填列） 其中：对联营企业和合营 53,441,449.16 -2,509,323.53 企业的投资收益 二、营业利润（亏损以“－”号填列） 1,059,887,063.06 794,057,654.12 加：营业外收入 4,621,966.53 5,505,752.93 减：营业外支出 81,000.00 42,510.00 其中：非流动资产处置净损 失 三、利润总额（亏损总额以“－”号 1,064,428,029.59 799,520,897.05 填列） 减：所得税费用 175,864,849.21 50,323,935.01 四、净利润（净亏损以“－”号填列） 888,563,180.38 749,196,962.04 公司法定代表人：杨小明 主管会计工作负责人：胡习 会计机构负责人：倪智勇 第 22 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 合并现金流量表 2008 年 1—12 月 单位:元 币种:人民币 项目 附注 本期金额 上期金额 一、经营活动产生的现金 流量： 销售商品、提供劳务 2,323,767,443.50 2,287,745,964.85 收到的现金 客户存款和同业存放 款项净增加额 向中央银行借款净增 加额 向其他金融机构拆入 资金净增加额 收到原保险合同保费 取得的现金 收到再保险业务现金 净额 保户储金及投资款净 增加额 处置交易性金融资产 净增加额 收取利息、手续费及 佣金的现金 拆入资金净增加额 回购业务资金净增加 额 收到的税费返还 593,765.07 收到其他与经营活动 296,368,587.90 222,931,226.73 有关的现金 经营活动现金流入 2,620,729,796.47 2,510,677,191.58 小计 购买商品、接受劳务 3,123,545,766.70 1,671,341,416.16 支付的现金 客户贷款及垫款净增 加额 存放中央银行和同业 款项净增加额 支付原保险合同赔付 款项的现金 支付利息、手续费及 佣金的现金 支付保单红利的现金 第 23 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 支付给职工以及为职 102,197,776.39 53,027,644.43 工支付的现金 支付的各项税费 318,597,755.62 317,024,708.34 支付其他与经营活动 159,673,954.86 130,734,351.07 有关的现金 经营活动现金流出 3,704,015,253.57 2,172,128,120.00 小计 经营活动产生的 -1,083,285,457.10 338,549,071.58 现金流量净额 二、投资活动产生的现金 流量： 收回投资收到的现金 119,144.58 取得投资收益收到的 15,560,567.76 3,289,431.00 现金 处置固定资产、无形 资产和其他长期资产收回 887,650.00 3,336,759.12 的现金净额 处置子公司及其他营 28,885,487.97 业单位收到的现金净额 收到其他与投资活动 有关的现金 投资活动现金流入 45,333,705.73 6,745,334.70 小计 购建固定资产、无形 资产和其他长期资产支付 69,111,842.49 126,733,660.41 的现金 投资支付的现金 质押贷款净增加额 取得子公司及其他营 406,310,200.00 432,416,621.46 业单位支付的现金净额 支付其他与投资活动 114,369.67 有关的现金 投资活动现金流出 475,536,412.16 559,150,281.87 小计 投资活动产生的 -430,202,706.43 -552,404,947.17 现金流量净额 三、筹资活动产生的现金 流量： 吸收投资收到的现金 500,000.00 其中：子公司吸收少 500,000.00 数股东投资收到的现金 取得借款收到的现金 发行债券收到的现金 第 24 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 收到其他与筹资活动 有关的现金 筹资活动现金流入 500,000.00 小计 偿还债务支付的现金 分配股利、利润或偿 250,308,403.47 180,967,747.32 付利息支付的现金 其中：子公司支付给 99,300,000.00 少数股东的股利、利润 支付其他与筹资活动 368,060.70 有关的现金 筹资活动现金流出 250,308,403.47 181,335,808.02 小计 筹资活动产生的 -249,808,403.47 -181,335,808.02 现金流量净额 四、汇率变动对现金及现 -1,114,518.48 -2,891,505.81 金等价物的影响 五、现金及现金等价物净 -1,764,411,085.48 -398,083,189.42 增加额 加：期初现金及现金 4,190,084,524.56 4,588,167,713.98 等价物余额 六、期末现金及现金等价 2,425,673,439.08 4,190,084,524.56 物余额 公司法定代表人：杨小明 主管会计工作负责人：胡习 会计机构负责人：倪智勇 第 25 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 母公司现金流量表 2008 年 1—12 月 单位:元 币种:人民币 项目 附注 本期金额 上期金额 一、经营活动产生的现金 流量： 销售商品、提供劳务 1,131,777,282.56 659,655,116.35 收到的现金 收到的税费返还 收到其他与经营活动 1,883,572,959.93 114,124,220.29 有关的现金 经营活动现金流入 3,015,350,242.49 773,779,336.64 小计 购买商品、接受劳务 952,061,504.61 877,002,379.85 支付的现金 支付给职工以及为职 27,221,542.50 19,159,830.40 工支付的现金 支付的各项税费 142,409,818.36 169,763,469.52 支付其他与经营活动 1,161,217,604.79 57,569,264.14 有关的现金 经营活动现金流出 2,282,910,470.26 1,123,494,943.91 小计 经营活动产生的 732,439,772.23 -349,715,607.27 现金流量净额 二、投资活动产生的现金 流量： 收回投资收到的现金 100,000,000.00 取得投资收益收到的 83,763,917.65 82,439,431.00 现金 处置固定资产、无形 资产和其他长期资产收回 867,998.76 的现金净额 处置子公司及其他营 9,532,553.61 业单位收到的现金净额 收到其他与投资活动 有关的现金 投资活动现金流入 193,296,471.26 83,307,429.76 小计 购建固定资产、无形 资产和其他长期资产支付 8,073,445.38 110,469,087.10 的现金 投资支付的现金 890,000,000.00 取得子公司及其他营 808,310,200.00 438,627,377.08 第 26 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 业单位支付的现金净额 支付其他与投资活动 有关的现金 投资活动现金流出 1,706,383,645.38 549,096,464.18 小计 投资活动产生的 -1,513,087,174.12 -465,789,034.42 现金流量净额 三、筹资活动产生的现金 流量： 吸收投资收到的现金 取得借款收到的现金 750,000,000.00 收到其他与筹资活动 有关的现金 筹资活动现金流入 750,000,000.00 小计 偿还债务支付的现金 550,000,000.00 分配股利、利润或偿 171,685,653.47 121,217,747.32 付利息支付的现金 支付其他与筹资活动 368,060.70 有关的现金 筹资活动现金流出 721,685,653.47 121,585,808.02 小计 筹资活动产生的 28,314,346.53 -121,585,808.02 现金流量净额 四、汇率变动对现金及现 -868,646.96 -2,634,381.02 金等价物的影响 五、现金及现金等价物净 -753,201,702.32 -939,724,830.73 增加额 加：期初现金及现金 1,534,943,161.36 2,474,667,992.09 等价物余额 六、期末现金及现金等价 781,741,459.04 1,534,943,161.36 物余额 公司法定代表人：杨小明 主管会计工作负责人：胡习 会计机构负责人：倪智勇 第 27 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 合并所有者权益变动表 2008 年 1—12 月 本年金额 归属于母公司所有者权益 一 般 项目 减： 风 其 股本 资本公积 库存 盈余公积 未分配利润 险 他 股 准 备 一、上年年末 1,867,684,000.00 2,085,720,376.98 1,889,869,128.33 2,367,091,866.57 余额 加：同一 控制下企业 合并产生的 追溯调整 加：会计 政策变更 前 期差错更正 其 他 二、本年年初 1,867,684,000.00 2,085,720,376.98 1,889,869,128.33 2,367,091,866.57 余额 三、本年增减 变动金额（减 -528,656,540.39 177,712,636.08 551,465,011.06 少以“－”号 填列） （一）净利润 880,460,051.14 （二）直接计 -528,656,540.39 第 28 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 入所有者权 益的利得和 损失 1．可供出售 金融资产公 -706,405,365.96 允价值变动 净额 2．权益法下 被投资单位 其他所有者 1,147,484.09 权益变动的 影响 3．与计入所 有者权益项 176,601,341.48 目相关的所 得税影响 4．其他 上述（一）和 -528,656,540.39 880,460,051.14 （二）小计 （三）所有者 投入和减少 资本 1．所有者投 入资本 2．股份支付 计入所有者 权益的金额 3．其他 （四）利润分 177,712,636.08 -328,995,040.08 配 1．提取盈余 177,712,636.08 -177,712,636.08 公积 2．提取一般 第 29 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 风险准备 3．对所有者 （或股东）的 -151,282,404.00 分配 4．其他 （五）所有者 权益内部结 转 1．资本公积 转增资本（或 股本） 2．盈余公积 转增资本（或 股本） 3．盈余公积 弥补亏损 4．其他 四、本期期末 1,867,684,000.00 1,557,063,836.59 2,067,581,764.41 2,918,556,877.63 余额 第 30 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 上年金额 归属于母公司所有者权益 一 般 项目 减： 风 其 股本 资本公积 库存 盈余公积 未分配利润 险 他 股 准 备 一、上年年末 1,867,684,000.00 1,342,769,895.61 2,242,343,414.07 1,285,016,076.58 余额 加：同一 控制下企业 合并产生的 追溯调整 加：会计 287,289,921.58 -502,313,678.14 599,221,784.04 政策变更 前 期差错更正 其 他 二、本年年初 1,867,684,000.00 1,630,059,817.19 1,740,029,735.93 1,884,237,860.62 余额 三、本年增减 变动金额（减 455,660,559.79 149,839,392.40 482,854,005.95 少以“－”号 填列） （一）净利润 754,249,167.66 （二）直接计 455,660,559.79 入所有者权 第 31 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 益的利得和 损失 1．可供出售 金融资产公 651,838,018.02 允价值变动 净额 2．权益法下 被投资单位 其他所有者 705,066.54 权益变动的 影响 3．与计入所 有者权益项 -196,882,524.77 目相关的所 得税影响 4．其他 上述（一）和 455,660,559.79 754,249,167.66 （二）小计 （三）所有者 投入和减少 资本 1．所有者投 入资本 2．股份支付 计入所有者 权益的金额 3．其他 （四）利润分 149,839,392.40 -271,395,161.71 配 1．提取盈余 149,839,392.40 -149,839,392.40 公积 2．提取一般 风险准备 第 32 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 3．对所有者 （或股东）的 -121,399,460.00 分配 4．其他 -156,309.31 （五）所有者 权益内部结 转 1．资本公积 转增资本（或 股本） 2．盈余公积 转增资本（或 股本） 3．盈余公积 弥补亏损 4．其他 四、本期期末 1,867,684,000.00 2,085,720,376.98 1,889,869,128.33 2,367,091,866.57 余额 公司法定代表人：杨小明 主管会计工作负责人：胡习 会计机构负责人：倪智勇 第 33 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 母公司所有者权益变动表 2008 年 1—12 月 本年金额 减： 项目 股本 资本公积 库存 盈余公积 未分配利润 股 一、上年年 1,867,684,000.00 2,148,001,629.46 1,889,869,128.33 1,662,000,200 末余额 加：会 计政策变更 前 期差错更正 其 他 二、本年年 1,867,684,000.00 2,148,001,629.46 1,889,869,128.33 1,662,000,200 初余额 三、本年增 减变动金额 （减少以 -513,653,293.45 177,712,636.08 559,568,140 “－”号填 列） （一）净利 888,563,180 润 （二）直接 计入所有者 -513,653,293.45 权益的利得 和损失 1．可供出售 金融资产公 -686,401,036.72 允价值变动 净额 第 34 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 2．权益法下 被投资单位 其他所有者 1,147,484.09 权益变动的 影响 3．与计入所 有者权益项 171,600,259.18 目相关的所 得税影响 4．其他 上述（一） 和（二）小 -513,653,293.45 888,563,180 计 （三）所有 者投入和减 少资本 1．所有者投 入资本 2．股份支付 计入所有者 权益的金额 3．其他 （四）利润 177,712,636.08 -328,995,040 分配 1．提取盈余 177,712,636.08 -177,712,636 公积 2．对所有者 （或股东） -151,282,404 的分配 3．其他 （五）所有 者权益内部 结转 第 35 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 1．资本公积 转增资本 （或股本） 2．盈余公积 转增资本 （或股本） 3．盈余公积 弥补亏损 4．其他 四、本期期 1,867,684,000.00 1,634,348,336.01 2,067,581,764.41 2,221,568,340 末余额 第 36 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 上年金额 减： 项目 股本 资本公积 库存 盈余公积 未分配利润 股 一、上年年 1,867,684,000.00 1,448,532,929.35 1,899,649,403.57 1,679,849,087 末余额 加：会 260,161,947.36 -159,619,667.64 -495,806,996 计政策变更 前 期差错更正 其 他 二、本年年 1,867,684,000.00 1,708,694,876.71 1,740,029,735.93 1,184,042,090 初余额 三、本年增 减变动金额 （减少以 439,306,752.75 149,839,392.40 477,958,109 “－”号填 列） （一）净利 749,196,962 润 （二）直接 计入所有者 439,306,752.75 权益的利得 和损失 1．可供出售 金融资产公 629,093,665.26 允价值变动 净额 第 37 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 2．权益法下 被投资单位 其他所有者 695,936.54 权益变动的 影响 3．与计入所 有者权益项 -190,482,849.05 目相关的所 得税影响 4．其他 上述（一） 和（二）小 439,306,752.75 749,196,962 计 （三）所有 者投入和减 少资本 1．所有者投 入资本 2．股份支付 计入所有者 权益的金额 3．其他 （四）利润 149,839,392.40 -271,238,852 分配 1．提取盈余 149,839,392.40 -149,839,392 公积 2．对所有者 （或股东） -121,399,460 的分配 3．其他 （五）所有 者权益内部 结转 第 38 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 1．资本公积 转增资本 （或股本） 2．盈余公积 转增资本 （或股本） 3．盈余公积 弥补亏损 4．其他 四、本期期 1,867,684,000.00 2,148,001,629.46 1,889,869,128.33 1,662,000,200 末余额 公司法定代表人：杨小明 主管会计工作负责人：胡习 会计机构负责人：倪智勇 第 39 页 共 40 页 上海陆家嘴金融贸易区开发股份有限公司 2008 年年度报告摘要 9.3 本报告期无会计政策、会计估计和核算方法变更。 9.4 本报告期无会计差错更正。 9.5 与最近一期年度报告相比，合并范围发生变化的具体说明 1 与上年相比本年新增合并单位 3 家：天津陆津房地产开发有限公司、上海陆家嘴资产管理有限公司 和上海陆家嘴邵万生资产管理有限公司均为本年投资设立的子公司，纳入合并报表范围。 2 本年减少合并单位 1 家，天津陆兴房地产开发有限公司本年清算。 董事长：杨小明 上海陆家嘴金融贸易区开发股份有限公司 2009 年 3 月 6 日 第 40 页 共 40 页 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 1. Important Notice 1.1 The Board of Directors, the Board of Supervisors and all directors, all supervisors and all senior executives of the Company undertake that this report neither has omitted any significant information nor contains any misrepresentation or information which is highly misleading, and collectively and individually accept full responsibility for the truthfulness, accuracy and integrity of the information contained herein. This abstract is abstracted from the full text of Annual Report 2008. Investors are suggested to read the full text of the Annual Report 2008 to understand more details. 1.2 All board members were present at the board meeting. 1.3 BDO Shanghai Zhonghua Huyin Certified Public Accountants Co., Ltd. has produced a standard and unqualified audit report for the company. 1.4. Responsible person of the company Yang Xiaoming, financial responsible person Mr. Hu Xi, and Chief of financial department (accounting chief) Ni Zhiyong, hereby declare: The truthfulness and integrity of the financial report carried in the annual report are guaranteed. 2. Brief Information of the Company 2.1 Basic information Short form of the stock Lujiazui Stock code 600663 Listed stock exchange Shanghai Stock Exchange Short form of the stock Lujia B share Stock code 900932 Stock exchange listed at Shanghai Stock Exchange 981, Pudong Avenue, Shanghai, P. R. Registered address and office address China; 81, Pudong Avenue, Shanghai, P. R. China Post code 200135 Website www.ljz.com.cn E-mail invest@ljz.com.cn 2.2 Contacts Secretary of the Board 第 1 页 共 35 页 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 Name Jiang Ping Contact address 981, Pudong Avenue, Shanghai, P. R. China Telephone (86-21) 58878888－650 Fax (86-21) 58873688 E-mail jp@ljz.com.cn 3. Highlights of financial data and operational data 3.1 Major accounting data Unit: RMB yuan Increase 2008 2007 over prior 2006 year (%) Operating income 1,699,886,000.59 2,051,007,390.61 -17.12 2,868,433,978.12 Total profit 1,117,093,319.57 878,645,162.75 27.14 1,351,605,937.26 Net profit attributable to shareholders of the 880,460,051.14 754,249,167.66 16.73 604,918,123.82 listed company Net profit after deducting non-recurring gains/losses 118,864,105.34 742,776,284.41 -84.00 487,080,014.39 attributable to shareholders of the listed company Net cash flow from -1,083,285,457.10 338,549,071.58 -419.98 939,715,820.51 operating activities Increase End of 2008 End of 2007 over prior End of 2006 year (%) Total assets 17,786,699,183.70 14,303,813,977.33 24.35 12,782,603,294.94 Owner’s equity（or 8,410,886,478.63 8,210,365,371.88 2.44 7,122,011,413.74 shareholder’s equity） 3.2 Major financial index Increase over 2008 2007 2006 prior year (%) Basic EPS (yuan/share) 0.4714 0.4038 16.74 0.3239 Diluted EPS (yuan/share) 0.4714 0.4038 16.74 0.3239 Basic EPS after deducting non-recurring 0.0636 0.3977 -84.01 0.2608 gains/losses (yuan/share) Fully diluted net assets earning ratio (%) 10.47 9.19 Up 1.28 points 8.49 Weighted average net assets earning ratio 10.39 10.00 Up 0.39points 8.88 (%) Fully diluted net assets earning ratio after 1.41 9.05 Down 7.64 points 6.84 deducting non-recurring gains/losses (%) Weighted average net assets earning ratio after deducting non-recurring gains/losses 1.40 9.85 Down 8.45 points 7.15 (%) Net cash flow from operating activities per -0.58 0.18 -419.98 0.50 share (yuan/share) End of End of Increase over End of 2008 2007 prior year (%) 2006 Net assets per share attributable to 4.50 4.40 2.44 3.81 第 2 页 共 35 页 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 shareholders of the listed company (yuan/share) Items of non-recurring gains/losses √Applicable □Inapplicable Unit: RMB yuan Non-recurring gains/losses items Amount Gains/losses from disposal of non-current assets 2,786,171.40 Fund occupancy expenses into current profit and 27,396,599.42 loss statement charged to non-financial companies Gains/losses from exchange of non-monetary 942,799,236.49 assets Return of devaluation provision of accounts 11,691,769.37 receivable individually tested for devaluation Non-operating income/expense apart from above 7,156,868.52 Minor shareholders’ equity impact -12,563,275.36 Income tax impact -217,671,424.04 Total 761,595,945.80 3.3 Differences between IAS and Chinese accounting standards √Applicable □Inapplicable Unit: RMB Yuan Local Accounting Standards IAS Net profit 880,460,051.14 880,460,051.14 Net assets 8,410,886,478.63 8,410,886,478.63 4. Changes in Capital Stock and Particulars about Shareholders 4.1 Particulars about the changes in stock holding □Applicable √Inapplicable Statements of particulars about the changes in shares with sales limitations □Applicable √Inapplicable 4.2 Number of shareholders and shareholding profile Unit: share Total shareholders at the end of report period 140,549 share holders Particulars about shares held by top 10 shareholders Shares with Nature of Proportion Shares pledged or Name of shareholders Total shares sales shareholders (%) frozen limitation Shanghai Lujiazui (Group) State Co., Ltd. (Authorized 57.64 1,076,556,437 1,067,736,437 No Corporate operator) Shanghai International State Trust & Investment 3.00 56,000,163 No Corporate Corporation SCBHK A/C KG Others INVESTMENTS ASIA 2.36 44,140,561 Unknown LIMITED 第 3 页 共 35 页 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 DAIWA SECURITIES Others SMBC HONG KONG LTD 0.84 15,663,845 Unknown - CLIENTS ACCOUNT JPMCB / LGT BANK IN Others LIECHTENSTEIN 0.51 9,549,900 Unknown AKTIENGESELLSCHAFT Shenyin & Wanguo State 0.47 8,820,000 frozen 2,310,000 Securities Co., Ltd. Corporate UBS AG Others 0.37 6,923,370 Unknown Agricultural Bank of China – Zhongyou Core Domestic Selected Stock-type 0.33 6,108,241 No non Securities Investment Fund TOYO SECURITIES Others 0.33 6,085,310 Unknown ASIA LTD. A/C CLIENT Haitong －Bank of China Others －Standard Chartered 0.32 5,931,114 No (Hong Kong) Co., Ltd. Particulars about top 10 shareholders of shares without sales limitations Shares without sales Name of shareholders Type of shares limitations Shanghai International Trust & 56,000,163 A-share Investment Corporation SCBHK A/C KG INVESTMENTS ASIA 44,140,561 B-share LIMITED DAIWA SECURITIES SMBC HONG 15,663,845 B-share KONG LTD - CLIENTS ACCOUNT JPMCB / LGT BANK IN LIECHTENSTEIN 9,549,900 B-share AKTIENGESELLSCHAFT Shanghai Lujiazui (Group) Co., Ltd. 8,820,000 A-share (Authorized operator) Shenyin & Wanguo Securities Co., Ltd. 8,820,000 A-share UBS AG 6,923,370 A-share Agricultural Bank of China – Zhongyou Core Selected Stock-type Securities 6,108,241 A-share Investment Fund TOYO SECURITIES ASIA LTD. A/C 6,085,310 B-share CLIENT Haitong －Bank of China －Standard 5,931,114 A-share Chartered (Hong Kong) Co., Ltd. Explanation on the associated The Company is not aware of whether they have associated relationship or consistent action relationship among them or belong to the consistent actionists. 4.3 Particulars about Ultimate Shareholder and Effective Controller of the Company 4.3.1 Particulars about Changes of Ultimate Shareholder and Effective Controller of the Company □ applicable √ not applicable 4.3.2 Profiles of Ultimate Shareholder and Effective Controller of the Company 4.3.2.1 Controlling Corporate Shareholder 第 4 页 共 35 页 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 Unit: RMB Yuan Legal Registered Date of Major operating Name representative capital foundation business development and operation of real estate, urban infrastructure construction, construction Shanghai Yang Xiaoming 1,743,195,704 Aug. 1st, 1990 investment, Lujiazui (Group) investment Co., Ltd. consultation, entity investment, domestic trade (excluding special provision), assets management and operation 4.3.2.2 Effective Corporate Controller Unit: RMB Yuan Legal Registered Date of Major operating Name representative capital foundation business Shanghai State-owned Assets Supervision Management Committee and Shanghai Pudong New District State-Owned Assets Supervision Management Committee. 4.3.3 Block Diagram Showing Property and Controlling Relationship between the Effective Controller and the Company Shanghai State-Owned Assets Supervision Management Committee Shanghai Pudong New District State-Owned Assets Supervision Management Committee. 100% Shanghai Lujiazui (Group) Co. Ltd. 57.64% The Company 5. Directors, Supervisors and Senior Executives 第 5 页 共 35 页 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 (I) Particulars about Directors, Supervisors and Senior Executives Unit: share Total Paid by Shares Paid the Paid by Reasons for Addition of changes Start and held at Shares or not Company in other shares Name Title Sex Age End of the at end of by the report period related Tenure beginning year Comp (in RMB company or of year any 10,000)(befo not re tax) Yang Chairman of 2008.05.30- Male 56 4,050 4,050 No 0 Yes Xiaoming the Board 2011.05.29 General Male 2008.05.30- Li jinzhao Manager 47 Yes 433,104 No 2011.05.29 Director Male 2008.05.30- Xu Erjin Director 41 No 0 Yes 2011.05.29 Director Male Shi Deputy 2008.05.30- 55 Yes 369,492 No Guohua General 2011.05.29 Manager Qu Male 2008.05.30- Chengkan Director 52 No 0 Yes 2011.05.29 g Independen Male 2008.05.30- No Lu Qiyao 62 Yes 60,000 t Director 2011.05.29 Feng Independen Male 2008.05.30- Yes No 66 60,000 Zhengquan t Director 2011.05.29 Independen Male 2008.05.30- Yes No Lu Wei 44 35,000 t Director 2011.05.29 You Independen Male 2008.05.30- Yes No 47 35,000 Jianxin t Director 2011.05.29 Chief Male 2008.05.30- No Yes Wu Fuchao 60 0 Supervisor 2011.05.29 Deputy Male No Yes 2008.05.30- Yan Jun Chief 56 1,215 1,215 0 2011.05.29 Supervisor Male 2008.05.30- No Yes XunJiujin Supervisor 54 12,350 12,350 0 2011.05.29 Staff Male 2008.05.30- Yes No Chen Song 39 293,369 Supervisor 2011.05.29 Tao Staff Female 2008.05.30- Yes No 35 254,508 Jianwen supervisor 2011.05.29 Deputy Female Yes No 2008.05.30- Zhu Jiaying General 55 385,321 2011.05.29 Manager Deputy Yes No 2008.05.30- Zhu Wei General Male 52 17,337 17,337 439,108 2011.05.29 Manager Deputy General 2008.05.30- Jiang Ping Manager Female 51 Yes 406,492 No 2011.05.29 Secretary of the Board Zhu Male 2008.05.30- No Yes HR director 55 0 Zongwei 2011.05.29 Vice Male No Yes 2008.05.30- Hu Xi financial 41 0 2011.05.29 director Total / / / / / / 2,771,394 / Chairman Yang Xiaoming, Director Xu Erjin, Supervisor Yan Jun, HR Director Zhu Zongwei receive pay from Shanghai Lujiazui Fiance & Trade Zone United Development Co., Ltd., a subsidiary of the Company in which the Company holds 55% stake. Vice Financial Director Hu Xi receives pay from Shanghai Lujiazui Development Tower Co., Ltd., a subsidiary of the Company in which the Company 第 6 页 共 35 页 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 holds 90% stake. Supervisor Wu Fuchao and Xun Jiujin receive pay from Shanghai Pudong New Area State-owned Assets Supervision and Administration Commission. In report period, Chairman Yang Xiaoming totally got a pay of 539,704 yuan, Director Xu Erjin 433,104 yuan, Supervisor Yan Jun 433,104 yuan, HR Director Zhu Zongwei 467,606 yuan, Vice Financial Director Hu Xi 290,182 yuan (all before tax). Having considered above mentioned amount, total pay directors, supervisors and senior executives amounted to 4,935,094 yuan. 6. Board of Directors Report 6.1 Discussion and analysis by the management 1. Brief account of the Company’s performance in the year 2008 In the course of 2008 the Company had stuck to the strategic transmission of major operations, in close connection with the actual course of development of major operations and the demand for future steady development. The whole company worked hard to effectively push forward the performance in all the areas of the Company by focusing on the annual targets set by the board. Developing area of all project kept expanding. Nine projects including the head office base at Tangdong, Lujiazui Fund Tower, Lujiazui Investment Tower, Century Metropolitan were started in succession, which made the total property area completed or in construction exceeded a million square meters. The Company has started to implement the trans-region operational strategy. The start of construction of Lujiazui Riverside Apartment (Phase I) located in Tianjin’s Hongqiao International Community invested by the Company marks the break-through in regions because it is the first ever trans-regional investment project of the Company. Income from leasing kept growing rapidly. Total income from housing properties leasing of the Company including its subsidiaries in the report year reached 255 million yuan, 68% up against prior year. 2. Actual achievements in 2008 (1) Steady moving forward in project development The Company strengthen the development of major operational functional products and achieved a break-through both in product scale and development regions. By the end of report year, the Company stepped out of Shanghai for the first time ever with successive starting of such projects as Tangdong Head-office base, Lujiazui Foundation Tower, Lujiazui Investment Tower, Century Metropolitan and Lujiazui Riverside Apartment (Phase I) located in Tianjin’s Hongqiao International Community. Total investment in project construction in the report year by the Company and its subsidiaries amounted to 1.35 billion yuan (including 0.584 billion yuan by Shanghai Lujiazui Finance and Trade Zone United Development Co., Ltd. Nine new projected started in the year, with total construction area of 1.03 million square meters. These are Lujiazui Information Service Center on Land-lot B2-1 in Lujiazui Central District, Lujiazui Foundation Tower on Land-lot 2-11 in Bamboo Park, rebuilding and furnishing of Software Park, Tangdong Head-office Base, Lujiazui Investment Tower on Land-lot 2-9 in Bamboo Park, Century Metropolitan on Land-lot 2-3 in Bamboo Park, Bamboo Park accessory housing for Bamboo Greenland in Bamboo Park, Research and Development Building #11 in Software Park and Tianjin Hongqiao International Community. Five projects were completed, with total construction area of 170,000 square meters, including 60,000 square meters of underground construction, which are Jinqiao Chuangke Park, Software Park Building #9, Lujiazui Plaza #96, bar on Land-lot X2-3 in Lujiazui Central District and Lujiazui 1885 Culture and Refreshment Center. Five projects as scheduled are in construction, total construction area of 300,000 square meters, including 40,000 square meters of underground construction, which are China Diamond Trade 第 7 页 共 35 页 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 Center (Lujiazui Diamond Tower), Lujiazui Financial Center Tower, Lujiazui Software Park R&D Building #10, Donghe Apartment and East Bank Apartment. Several projects are under examination for approval, including majorly Jinqiao Business Center, Business & Office Center on Land-lot SN1, Lujiazui R&D Building #12, and project on Land-lot 2-13-4 in Bamboo Park. Project above ground total construction day of equity construction area area completion proportion （m2） （m2） Projects completed JInqiao Chuangke Park 32417 32417 2008-5 100% Software Park Building 9 38800 47000 2008-6 100% Lujiazui 96 Plaza 28800 66000 2008-9 55% Lujiazui1885 Culture Center 7500 13942 2008-4 100% Projects in progress Donghe Apartment 85000 98970 2009 100% East Bank Apartment 39400 45000 2010 100% Lujiazui Financial Investment Building (originally Lujiazui 46000 71600 2009 100% Financial Center Building) Diamond Building 39000 49600 2009 55% Software Park Building 10 24500 29000 2009 100% Project newly started Lujiazui Information Service Center on Land-lot B2-1 in 5000 10000 2010 100% Lujiazui Central District Lujiazui Foundation Tower on 32500 45300 2011 55% Land-lot 2-11 in Bamboo Park Rebuilding and furnishing of Software Park District C 11000 11000 2008-12 100% (Shanghaojia Plant House) Tangdong Head-office Base 300000 450000 2014 100% Lujiazui Investment Tower on 33300 44000 2011 55% Land-lot 2-9 in Bamboo Park Century Metropolitan on 164000 277500 2014 55% Land-lot 2-3 in Bamboo Park Bamboo Park accessory 3500 10000 2010 55% housing for Bamboo Greenland in Bamboo Park on Land-lot 2-16 Building #11 in Software Park 71452 90586 2011 100% Tianjin’s Hongqiao International 80387 106027 2010-12 100% Community (Phase I) (2) Sales surging up against negative trend Despite of encountering international financial crisis and turndown of overall real estate market, sales of the Company were still encouraging thanks to efforts of various marketing teams. Total income from product leasing reached 255 million yuan including that of the Company and its subsidiaries, 第 8 页 共 35 页 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 68% up against prior year, which saw the 4th year in a row of growth. Total sales of the Company in report year reached 1.7 billion yuan. The Company laid great importance in perfecting the marketing system, enriching marketing teams. Considering the fact the Company mainly works on Class-A office buildings, modern business centers, metropolitan R&D buildings and international communities, it is speculated that special expert companies or teams be responsible for sales of specific products as listed above. Special marketing teams in connection with product functions have been established, which constitute the special and systematic marketing system. This not only maintained a satisfactory marketing performance in 2008 but also ensures a good preparation for the marketing of products in 2009. (3) Enterprise administration improving The Board set up the target of “actively practicing major operation’s strategic transition, striving to be the leader of commercial real estate industry” which is the starting point for every piece of work. By pushing forward product development and marketing, the Company stood firm on improving its competitiveness and sustainable development competence to reform and optimize every aspect of enterprise administration. The Company established the system of monthly summarizing and analyzing of budget fulfillment. Major operational budget fulfillment is analyzed on a monthly basis in an attempt to find out if any problems or fulfillment difference exist, in which case causes had to be fount out and corrections were made based on a practical perspective. This ensured every walk of work of the Company was in a state of control. As a result, accuracy in fulfillment of budget was improved in 2008. The system of bidding was strictly followed. The selection of expertise service companies, project contractors and suppliers with fair quotes, excellent technology and good reputation was made, which on one side brought project construction cost under control and on the other side corruption was prevented. Centralized purchase system was continuously applied, which was enforced by bidding system. Meanwhile, qualified suppliers were selected in product development for optical equipment and material price and service. The Major Operational Performance Assessment Methods, which combined reward with performance, was set up. With this system, departments or divisions were assessed by progress of product construction and sales fulfillment, on which bonus was based. In accordance with requirements of the supervisory and administrative authorities, the Company was engaged actively in corporate governance special improvement and correction. By comparing the requirements from Shanghai Supervisory and Administrative Bureau, the Company fulfilled improvement or correction one by one in an attempt to standardize operation and management, and in the end to maximize shareholders’ interest. 3. Experience and drawbacks The exterior economic situation is still worsening. The difficulty to keep growth in sales is becoming stronger. Practicing capabilities of the Company in market study, sales and marketing multi-functioning are still to be improved. The Company is still facing a heavy task in development. “Full load” status in product development intensity and size is hard to change in a short-run. Maintaining of vitality of employees is becoming harder. Enforcement of board decisions, enterprise performing efficiency and employee stimulus are still to be improved. Market competition is still fierce. Product renewal will be a long-run concern. The leader’s position in the notion of product design and development is more and more difficult to keep. Capabilities of the whole company in leading product renovation, studying product improvement, satisfying customers’ actual demand and acquiring new technologies and skills are to be further improved. 第 9 页 共 35 页 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 The difficulty in effectively and orderly managing the consulting teams thus to make them play their roles in a centralized project development in large scale is growing continuously. Capabilities of the Company in development of functional product and management of various consulting teams, resources integrating, comprehensive coordination, and effectively, wholly and accurately fulfilling property-owner’s intentions in the course of product development need further improvement. The Company is greatly concerned about the above-mentioned problems and is determined to solve them in the process of 2009. Items in connection with fair value valuation Unit: 10,000 yuan Gains/losses Cumulative Fair Impairment of Fair Value Value Accrued Closing Item Starting Balance Report Movement into Report Balance （1） （2） Period P&L Period （6） （3） （4） （5） Financial Assets Including: 1. financial assets valued in fair value and changes booked into current P&L Including: derivative financial assets 2. Financial assets 1,105,900,891.29 213,497,141.09 383,408,346.85 available for sale Total financial 1,105,900,891.29 213,497,141.09 383,408,346.85 assets Total 1,105,900,891.29 213,497,141.09 383,408,346.85 Foreign currency financial assets and financial liabilities □ applicable √ not applicable 6.2 Major operation in sector and in product line Unit: RMB yuan Increase Increase of Increase of Sector or Operating of Operating income Operating cost operating operating product profit（%） operating income profit (%) cost (%) (%) Sector Land Up 20.62 1,321,846,671.00 353,200,763.51 73.28 -5.38 -46.59 leasehold points Real Up 12.17 poi 4,826,400.00 1,502,596.92 68.87 -98.99 -99.28 estate nts 第 10 页 共 35 页 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 sales Real Up 14.65 poi estate 254,971,726.76 95,305,901.50 62.62 67.62 20.42 nts rent Down 19.41 Hotels 111,099,015.71 67,553,581.33 39.20 1,295.04 1,949.00 points Others 3,050,000.00 2,718,330.20 10.87 6.3 Major operation in regions Unit: RMB yuan Region Operating income Increase over prior year（％） Shanghai 1,695,793,813.47 -16.71 6.4 Use of raised capital □ applicable √ not applicable Changed items □ applicable √ not applicable 6.5 Non-raised capitals √ applicable □ not applicable Unit: 10,000 square meters Amount (10,000 Item Progress Yields yuan) JInqiao Chuangke Park R&D building, construction area 27,453.53 above ground 32,000 square meters, completed in report period Software Park Building 9 R&D building, construction area 20,037.22 above ground 39,000 square meters, completed in report period Lujiazui 96 Plaza * commercial building, construction area above ground 29,000 square 28,496.41 meters, total 66,000 square meters, completed in report period Lujiazui1885 Culture commercial building, construction Center 19,222.90 area above ground 7,500 square meters, completed in report period Donghe Apartment apartment building, international community project, construction area 34,892.26 above ground 85,000 square meters, expected to be completed in 2009 East Bank Apartment apartment building, construction area 12,988.53 above ground 39,000 square meters, expected to be completed in 2010 Lujiazui Financial Class-A office building, above ground Investment Building construction area 46,000 square 48,131.68 (originally Lujiazui meters, expected to be completed by Financial Center Building) 2009 Diamond Building * Class-A office building, above ground 31,128.79 construction area 39,000 square meters, expected to be completed by 第 11 页 共 35 页 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 2009 Software Park Building 10 R&D building, construction area 7,268.52 above ground 25,000 square meters, expected to be completed by 2009 Lujiazui Information Office building, construction area Service Center on above ground 5,000 square meters, Land-lot B2-1 in Lujiazui started construction in May 2008, 1,996.16 Central District anti-water sand injection underground completed, expected to be completed in 2010 Lujiazui Foundation Tower Class-A office building, above ground (on Land-lot 2-11 in construction area 33,000 square Bamboo Park) * meters, started construction in June 4,553.80 2008, second supporting construction completed, expected to be completed in 2011 Tangdong Head-office Class-A office building group, above Base ground construction area 300,000 square meters, started construction in 23,802.70 Nov. 2008, now underground space construction in progress, expected to be completed in 2014 Lujiazui Investment Tower Class-A office building, above ground on Land-lot 2-9 in Bamboo construction area 33,000 square Park * meters, started construction in Nov. 2,773.98 2008, injection drilling poles completed, anti-lifting test completed, expected to be completed in 2011 Century Metropolitan on Large business and office project, Land-lot 2-3 in Bamboo above ground construction area Park * 164,000 square meters, total area 41,297.52 278,000 square meters, started construction in Dec. 2008, expected to be completed in 2014 Bamboo Park accessory Business and office building, above housing for Bamboo ground construction area 3,500 Greenland (in Bamboo square meters, started construction in 1,122.13 Park on Land-lot 2-16) * Nov. 2008, fencing poles and construction poles completed, project expected to be completed in 2010 Building #11 in Software R&D office building, construction area Park above ground 71,000 square meters, 748.69 construction started in Dec. 2008, expected to be completed in 2011 Tianjin’s Hongqiao Large comprehensive project, International Community high-grade residence building Phase (Phase I) I, construction area above ground 205,252.94 80,000 square meters, construction started in Dec. 2008, expected to be completed after 2010. Items marked with * are those of the Company’s controlled subsidiary – Shanghai Lujiazui Finance & Trade Zone United Development Co., Ltd., equity of which the Company holds 55%. 6.6 Explanation by the board to the “Standard Unqualified Audit Report” from CPA’s □ applicable √ not applicable 第 12 页 共 35 页 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 6.7 The Board’s Pre-plan of Profit Distribution or Capital Reserve to Increase Capital Stock A net profit of 888,563,180.38 yuan was yielded for the Company (Parent Company) in 2008. In accordance with Company Law and Articles of Association, after accruing 10% from net profit as statutory surplus reserve and discretionary surplus reserve respectively, distributable profit for 2008 is 710,850,544.30 yuan. It is proposed to ditribute 1.14 yuan (before tax) for every 10 shares to all shareholders, based on the total capital stock of 1,867,684,000 shares at end of 2008, total cash dividends to be distributed being 212,915,976.00 yuan, which is 41% up against prior year. The said proposition is subject to approval by the shareholders' general meeting. The Company was profitable in report period but did not propose to allocate cash profit. □ applicable √ not applicable 7. Significant events 7.1 Assets acquisition □applicable √ not applicable 7.2 Assets sales □ applicable √ not applicable 7.3 Significant guaranties □ applicable √ not applicable 7.4 Substantial related transactions 7.4.1 Related transactions correlated with regular operations √ applicable □inapplicable Unit: 10,000 yuan Currency: RMB Sales products and Provision service to Purchase good or receive labor from Related Related Parties related parites Parties Ratio of similar Ratio of similar Trade amount Trade amount transaction (%) transaction (%) Shanghai Lujiazui 2,338.3 (Group) Co., Ltd. Shanghai Lujiazui Urban Construction Affiliation 93.37 74.23 Management Service Co., Ltd. Shanghai Lujiazui Real 52.42 Estate Broker Co., Ltd. Shanghai Lujiazui Property 144.29 Management Co., Ltd. Shanghai 15 第 13 页 共 35 页 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 Lujiazui Municipal Planting Management Co., Ltd. Total 305.08 2,412.53 7.4.2 Related credits and liabilities √applicable □not applicable Unit: 10,000 yuan Currency: RMB Funds Provided to the Related Funds Provided by the Related Related Parties Parties Parties Current amount Balance Current amount Balance Shanghai Lujiazui Urban Construction Affiliation 124.54 124.54 Management Service Co., Ltd. Shanghai Gaotai Rare and precious 452.54 452.54 Metals Co., Ltd. Shanghai Lujiazui 63.05 63.05 (Group) Co., Ltd. Total 577.08 577.08 63.05 63.05 7.4.3 Fund occupancy in 2008 and the clearing □applicable √ not applicable By end of 2008, in case of unsettled non-operating fund occupancy by the listed company, the Board proposed responsibility tracing plan □applicable √ not applicable 7.5 Entrusted financing □applicable √ not applicable 7.6 Fulfillment of commitments 7.6.1 Commitments of the Company or shareholders holding 5% stake in report period or lasted till report period √ applicable □ not applicable Type Commitments Fulfillment With completion of the Company’s stock reform, the non-circulating Stock reform shares held shall not be listed at No violation to the commitment ever commitment Shanghai Stock Exchange within occurred. 36 months from implementation day of the stock reform 第 14 页 共 35 页 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 7.6.2 In case assets or projects are in the state of expected profit in report period, the Company explains whether the expected profit is realized or not □ applicable √ not applicable 7.7 Material Lawsuits and Arbitrations □ applicable √ not applicable 7.8 Other significant events and their impact and solution 7.8.1 Securities investment □ applicable √ not applicable 7.8.2 Stock holding in other listed companies √ applicable □ not applicable Unit: yuan ratio of Owner’s equity Securiti Accoun source losses Share capital gains Securities Closing book short Bank entry form and ting Initial investment movement in es Code stock value balance report period （％） Merchants Trad able finan 600036 20,855,683.17 0.14 213,891,968.00 -362,393,854.50 cial asset s China Satcom Communicatio Yuyuan Mall Trad able finan 600640 51,655,628.00 3.45 99,233,352.09 -76,397,225.04 cial asset s ns Bank of Trad able finan 601328 6,260,500.00 0.01 27,428,247.00 -47,218,248.00 cial asset s Trad able finan 600655 3,513,000.00 0.03 18,402,919.36 -12,859,895.70 cial asset s Shenery Share Bailian Shares Cat Trad able finan 600642 5,955,200.00 0.1 18,329,400.00 -26,667,900.00 cial asset s Trad able finan 600631 642,700.00 0.03 2,518,728.30 -1,778,128.73 cial asset s Shares White Trad 600633 1,349,000.00 0.26 1,980,000.00 -2,123,550.00 able finan 第 15 页 共 35 页 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 cial asset s Aijian Shares Trad able finan 600643 280,000.00 0.02 834,036.10 228,539.89 cial asset s New Huangpu Trad able finan 600638 153,500.00 0.02 789,696.00 -593,762.40 cial asset s Total 90,665,211.17 / 383,408,346.85 -529,804,024.48 / / 7.8.3 Profile of shareholding of non-listed financial enterprises √ applicable □ not applicable Owner’s Ratio Accounting Initial Closing book equity of source Share Name of Quantity gains and movement entry investment capital value balance enterprises (share) losses（yuan） in report （yuan） stock （yuan） period (%) (yuan) Long term Tian’an 37,810,200.00 34,500,000.00 1.59 -37,810,200.00 equity Insurance investment Long term Dazhong 35,112,000.00 30,240,000.00 4 35,112,000.00 equity Insurance investment Long term Ever-bright 33,110,000.00 16,940,000.00 0.21 33,110,000.00 equity Bank investment Guotai Long term Jun’an 11,513,623.83 9,859,435.00 0.17 6,974,671.21 3,802,070.00 equity Securities investment Long term Shenyin 43,724,527.92 32,388,539.00 0.48 4,862,263.96 3,886,624.68 equity Wanguo investment total 161,270,351.75 / 80,058,935.17 -30,121,505.32 / / 7.8.4 Trading of stocks of other listed companies □ applicable √ not applicable 7.9 If the Company ever disclosed the report on social responsibilities fulfillment: No. 8. Report of the Board of Supervisors The supervisory board believes that there have existed no problems concerning legal operating, financial status, use of raised funds, acquisition and sales of assets, or related transactions. 9. Financial report 9.1 Auditor’s opinion 第 16 页 共 35 页 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 Financial report □ un-audited √ audited Auditor’s opinion √ standard unqualified opinion □ non-standard opinion Auditor’s Opinions Auditors’ Report HuZhongKuaiZi (2009) No. 0450 All shareholders of Shanghai Lujiazui Finance and Trade Zone Development Co. Ltd.: We have audited the accompanying financial statements of Shanghai Lujiazui Finance and Trade Zone Development Co. Ltd. (hereafter Lujiazui Corporate), including the company’s and the consolidated balance sheet as of 31 December 2008, the P&L, shareholders’ equity movement statements, cash flow statements and notes to the financial statements, and notes to financial statements. I. The Management’s responsibilities on the Statements Preparing financial statements in accordance with Enterprise Accounting Norms and Enterprise Accounting Systems are the responsibilities of the management with Lujiazui Corporate. These responsibilities include (1) design, implement and maintain interior control connected with the preparation of the statements to avoid any significant mistakes due to cheating or errors; (2) choose and use appropriate accounting policies; (3) make reasonable accounting estimates. II. The CPA’s Responsibilities Our responsibilities are to provide audit opinions based on our auditing. We conducted the audit on the basis of China CPA Norms, which require us to abide by professional virtues and norms to plan and conduct audit to ensure there exist no serious reporting errors in the financial statements. The audit includes implementing the audit procedures to acquire financial statements figures and audit evidence. Audit procedures are chose based on CPA’s judgment, including the estimate of risks for possible misreports due to cheating or errors. When estimating risks, we will consider the interior controls related with financial statements preparation to design appropriate audit procedures, but not to provide opinions on effectiveness of the interior controls. The audit also includes the evaluating of the appropriateness of utilization of accounting policies and accounting estimates by the management, and the evaluating of the total reporting of the financial statements. We believe we have acquired sufficient and appropriate audit evidences, which provide the basis for the auditor’s opinions. III. Auditor’s Opinions We believe Lujiazui Corporate has prepared its financial statements in accordance with enterprise accounting norms and the statements have, in all significant aspects, reflected Lujiazui Corporate’s financial status as of Dec. 31, 2008 and the operating results and cash flow of 2008. Shanghai Zhonghua Huyin Certified Public Accountants Co., Ltd. CPA’s: 12F Ocean Tower 550 Yan’an Road E. Shanghai 9.2 Financial statements Consolidated Balance Sheet Dec. 31, 2008 Prepared by: Shanghai Lujiazui Finance and Trade Zone Development Co. Ltd. 第 17 页 共 35 页 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 Unit: yuan Currency: RMB Item Note Closing Balance Starting Balance Current assets:： Monetary capital 2,425,673,439.08 4,190,084,524.56 Deposits for clearance Lent capital Tradable financial assets Notes receivable Accounts receivable 1,175,894.99 1,408,171.29 Advances 317,424,692.60 701,800,131.88 Premium receivable Reinsurance accounts receivable Provision for reinsurance contracts receivable Interests receivable 600,000.00 600,000.00 Dividends receivable 2,000,000.00 Other receivables 122,665,603.65 78,161,205.34 Purchased sold-back financial assets Stock 9,541,753,666.49 6,076,214,137.82 Non-current assets due within one year Other currents assets Total current assets 12,409,293,296.81 11,050,268,170.89 Non-current assets Loans issued and advances for others Financial assets available for sale 383,408,346.85 1,105,900,891.29 Investment held till expiration 10,000,000.00 Long-term receivables Long term equity 2,868,900,389.01 860,842,203.50 investment Real estate as investment 1,448,084,371.84 1,022,743,988.62 Fixed assets 242,889,242.69 36,609,915.39 Construction in progress Project materials Disposal of fixed assets Manufacturing bio-materials Oil and gas assets Intangible assets 378,750.00 493,750.00 Development expenses Goodwill Long-term prepaid expenses 8,887,729.14 Deferred corporate tax 424,857,057.36 216,955,057.64 assets Other non-current assets Total non-current assets 5,377,405,886.89 3,253,545,806.44 Total assets 17,786,699,183.70 14,303,813,977.33 Current liabilities: Short-term loan Loan from central bank Deposit absorbed and deposit from same trade Borrowed capital Tradable financial 第 18 页 共 35 页 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 liabilities Bills payable Accounts payable 335,193,447.35 179,896,192.65 Prepayment 4,464,620,485.20 2,492,489,711.74 Selling of purchased-back financial assets Handling fee and commission payable Employee salary payable 122,253,628.62 141,458,983.90 Taxes payable 281,743,654.37 110,340,954.16 Interest payable Dividends payable 12,800,000.00 14,500,000.00 Other payables 3,090,126,014.66 1,836,803,064.43 Reinsurance accounts payable Provision for insurance contract Securities agency deposit Securities broking deposit Non-current liabilities due within one year Other current liabilities Total current liabilities 8,306,737,230.20 4,775,488,906.88 Non-current liabilities: Long term loans Bonds payable Long-term payables 14,956,138.11 9,293,325.06 Special payables Expected liabilities Deferred corporate tax liabilities 88,676,345.47 269,913,110.53 Other non-current liabilities Total non-current liabilities 103,632,483.58 279,206,435.59 Total liabilities 8,410,369,713.78 5,054,695,342.47 Shareholders’ equity Capital stock 1,867,684,000.00 1,867,684,000.00 Capital reserve 1,557,063,836.59 2,085,720,376.98 Less: shares in stock Surplus reserve 2,067,581,764.41 1,889,869,128.33 General risk provision Undistributed profit 2,918,556,877.63 2,367,091,866.57 Translation difference of foreign currency statements Total shareholder's equity attributable to parent 8,410,886,478.63 8,210,365,371.88 company Minority interest 965,442,991.29 1,038,753,262.98 Total shareholder's equity 9,376,329,469.92 9,249,118,634.86 Total liabilities and 17,786,699,183.70 14,303,813,977.33 shareholder's equity Legal representative: Yang Xiaoming CFO: Hu Xi Accounting Manager: Ni Zhiyong Balance Sheet of Parent Company Dec. 31, 2008 第 19 页 共 35 页 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 Prepared by: Shanghai Lujiazui Finance and Trade Zone Development Co. Ltd. Unit: yuan Currency: RMB Item Note Closing Balance Starting Balance Current assets: Monetary capital 781,741,459.04 1,534,943,161.36 Tradable financial assets Bills receivable Account receivable Advances 305,161,660.40 688,105,134.00 Interest receivable Dividends receivable 2,000,000.00 Other receivables 98,130,423.13 70,890,080.10 Stock 5,466,150,560.96 4,415,194,247.14 Non-current assets due 100,000,000.00 within one year Other currents assets Total current assets 6,651,184,103.53 6,811,132,622.60 Non-current assets: Financial assets available for sale 360,862,967.09 1,047,264,003.81 Investment held till expiration Long-term receivable Long term equity 3,849,434,229.09 1,422,262,852.98 investment Real estate as investment 893,356,239.78 637,766,556.38 Fixed assets 19,060,545.89 29,506,790.11 Construction in progress Project materials Disposal of fixed assets Manufacturing bio-materials Oil and gas assets Intangible assets Development expenses Goodwill Long-term prepaid expenses Deferred corporate tax 349,728,259.29 144,110,172.92 assets Other non-current assets 890,000,000.00 Total non-current assets 6,362,442,241.14 3,280,910,376.20 Total assets 13,013,626,344.67 10,092,042,998.80 Current liabilities: Short-term loan 200,000,000.00 Tradable financial liabilities Bills payable Accounts payable 251,465,143.40 124,279,543.85 Prepayment 1,553,558,026.83 575,349,546.53 Employee salary payable 1,336,717.64 9,947,386.36 Taxes payable 271,849,603.00 -16,004,038.57 Interest payable Dividends payable Other payables 2,860,581,535.94 1,581,325,279.56 Non-current liabilities due within one year Other current liabilities Total current liabilities 5,138,791,026.81 2,274,897,717.73 第 20 页 共 35 页 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 Non-current liabilities: Long term loans Bonds payable Long-term payables 14,956,138.11 9,293,325.06 Special payables Expected liabilities Deferred corporate tax 68,696,738.97 240,296,998.16 liabilities Other non-current liabilities Total non-current liabilities 83,652,877.08 249,590,323.22 Total liabilities 5,222,443,903.89 2,524,488,040.95 Shareholders’ equity Capital stock 1,867,684,000.00 1,867,684,000.00 Capital reserve 1,634,348,336.01 2,148,001,629.46 Less: shares in stock Surplus reserve 2,067,581,764.41 1,889,869,128.33 Undistributed profit 2,221,568,340.36 1,662,000,200.06 Translation difference of foreign currency statements Total shareholder's equity 7,791,182,440.78 7,567,554,957.85 Total liabilities and 13,013,626,344.67 10,092,042,998.80 shareholder's equity Legal representative: Yang Xiaoming CFO: Hu Xi Accounting Manager: Ni Zhiyong Consolidated Profit & Loss Statements Jan. to Dec. 2008 Unit: yuan Currency: RMB Item Note Current Period Amount Prior Period Amount I. Total operating income 1,699,886,000.59 2,051,007,390.61 including: operating income 1,699,886,000.59 2,051,007,390.61 Interest income Insurance premium gained Income on handling fee and commission II. Total operating cost 686,693,429.31 1,188,192,755.12 including: Operating cost 520,983,655.97 951,612,307.06 Interest expenses Expenses on handling and commssion Surrender value Net expenses on compensation Net reserve for insurance contract Expenses on policy dividends Expenses on reinsurance business tax and addition 69,886,497.78 213,448,343.78 Selling expenses 53,422,603.14 18,367,086.91 General expenses 118,490,451.02 106,699,498.88 Financial expenses -112,356,728.83 -99,449,419.44 Asset devaluation loss 36,266,950.23 -2,485,062.07 Add: Gains from fair value movement (loss "-") Investment income (loss "-") 69,094,991.61 1,183,187.19 including: investment income from joint and associate companies 53,758,219.05 -2,106,344.34 第 21 页 共 35 页 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 Exchange gains（loss “-”） III. Operating profit (loss "-") 1,082,287,562.89 863,997,822.68 Add: non-operating income 35,019,305.00 14,690,277.41 Less: non-operating expenses 213,548.32 42,937.34 Including: non-current assets disposal 80,435.06 IV. Total profit (loss "-") 1,117,093,319.57 878,645,162.75 Less: Corporate tax expenses 200,569,311.81 16,556,339.97 V. Net profit (loss "-") 916,524,007.76 862,088,822.78 Net profit attributable to owners of parent company 880,460,051.14 754,249,167.66 Minority interest 36,063,956.62 107,839,655.12 VI. Earning per share (EPS) (I) Fundamental EPS(yuan/share) 0.4714 0.4038 (II) Diluted EPS(yuan/share) 0.4714 0.4038 Legal representative: Yang Xiaoming CFO: Hu Xi Accounting Manager: Ni Zhiyong Profit & Loss Statements Of Parent Company Jan. to Dec. 2008 Unit: yuan Currency: RMB Item Note Current Period Amount Prior Period Amount I. Operating income 1,473,568,802.26 1,528,424,274.86 Less: operating cost 416,731,958.85 724,568,639.23 business tax and addition 41,822,014.90 93,358,689.35 selling expenses 21,541,688.47 9,868,392.78 general expenses 50,130,370.98 44,755,784.87 financial expenses -12,999,848.21 -56,101,901.95 asset devaluation loss 31,293,474.63 -2,152,876.07 Add: Gains from fair value movement (loss "-") Investment income (loss "-") 134,837,920.42 79,930,107.47 including: Income from joint and associate companies 53,441,449.16 -2,509,323.53 II. Operating profit (loss "-") 1,059,887,063.06 794,057,654.12 Add: non-operating income 4,621,966.53 5,505,752.93 Less: non-operating expenses 81,000.00 42,510.00 Including: net loss from disposal of non-current assets III. Total profit (loss "-") 1,064,428,029.59 799,520,897.05 Less: Corporate tax expenses 175,864,849.21 50,323,935.01 IV. Net profit (loss "-") 888,563,180.38 749,196,962.04 Legal representative: Yang Xiaoming CFO: Hu Xi Accounting Manager: Ni Zhiyong Consolidated Cash flow statement of Jan. to Dec. 2008 Unit: yuan Currency: RMB Item Note Current Period Amount Prior Period Amount I. Cash flow from operating activities Cash from sales of commodities and services 2,323,767,443.50 2,287,745,964.85 Net addition of customer deposit and same trade deposit and loan Net addition of loans from central bank Net addition of fund 第 22 页 共 35 页 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 borrowed from other financial institutes Cash received from prior insurance contract premium Net cash receipt from reinsurance Net addition of deposit and investment from the insured Net addition of disposal of tradable financial assets Cash receipt from interests, handling fee and commission Net addition of borrowed fund Net addition of buy-back capital Taxes and expense refund received 593,765.07 Other cash receipt related to operating activities 296,368,587.90 222,931,226.73 Total cash flow-in from operating activities 2,620,729,796.47 2,510,677,191.58 Cash paid for commodities and services 3,123,545,766.70 1,671,341,416.16 Net addition of customer loans and payment on behalf Net addition of deposit at central bank and same trade Cash paid for prior insurance contract compensation Cash paid for interests, handling cost and commission Cash paid for policy dividends Cash paid to and on behalf of employees 102,197,776.39 53,027,644.43 Taxes and expenses paid 318,597,755.62 317,024,708.34 Other cash payment related to operating activities 159,673,954.86 130,734,351.07 Total cash flow-out from operating activities 3,704,015,253.57 2,172,128,120.00 Net cash flow from operating activities -1,083,285,457.10 338,549,071.58 II. Cash flow from investment activities Cash from collection of investment 119,144.58 Cash from investment income 15,560,567.76 3,289,431.00 Net cash receipt from disposal of fixed assets, intangible asses and other 887,650.00 3,336,759.12 long term investment Net cash receipt from disposal of subsidiary or 28,885,487.97 other business unit Other cash receipt related to investment activities Total cash flow-in from investment activities 45,333,705.73 6,745,334.70 Cash paid for purchase of fixed assets, intangible assets and other long term 69,111,842.49 126,733,660.41 assets Cash paid for investment 第 23 页 共 35 页 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 Net addition of pledge loan Net cash paid for acquisition of subsidiary or other 406,310,200.00 432,416,621.46 business unit Other cash payment related to investment activities 114,369.67 Total cash flow-out from investment activities 475,536,412.16 559,150,281.87 Net cash flow from investment activities -430,202,706.43 -552,404,947.17 III. Cash flow from capital raising activities Cash from investment absorption 500,000.00 Including: cash receipt of subsidiary from absorbing minority shareholder 500,000.00 investment Cash from loans Cash receipt from bond issues Cash from other capital-raising activities Total cash flow-in from capital raising activities 500,000.00 Cash paid for debts Cash paid for distributed dividends, profit or interests 250,308,403.47 180,967,747.32 Including: dividends, profit of subsidiary paid to minority 99,300,000.00 shareholders Other payment for capital-raising activities 368,060.70 Total cash flow-out from capital raising activities 250,308,403.47 181,335,808.02 Net cash flow from capital-raising activities -249,808,403.47 -181,335,808.02 IV. Impact on cash and cash equivalent by -1,114,518.48 -2,891,505.81 exchange rate fluctuation V. Net addition of cash and cash equivalent -1,764,411,085.48 -398,083,189.42 Add: starting balance of cash and cash equivalent 4,190,084,524.56 4,588,167,713.98 VI. Closing balance of cash and cash equivalent 2,425,673,439.08 4,190,084,524.56 Legal representative: Yang Xiaoming CFO: Hu Xi Accounting Manager: Ni Zhiyong Cash Flow Statement of Parent Company Jan. to Dec. 2008 Unit: yuan Currency: RMB Item Note Current Period Amount Prior Period Amount I. Cash flow from operating activities Cash from sales of commodities and services 1,131,777,282.56 659,655,116.35 Taxes and expense refund received Other cash receipt related to operating activities 1,883,572,959.93 114,124,220.29 Total cash flow-in from operating activities 3,015,350,242.49 773,779,336.64 Cash paid for commodities and services 952,061,504.61 877,002,379.85 Cash paid to and on behalf of 27,221,542.50 19,159,830.40 第 24 页 共 35 页 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 employees Taxes and expenses paid 142,409,818.36 169,763,469.52 Other cash payment related to operating activities 1,161,217,604.79 57,569,264.14 Total cash flow-out from operating activities 2,282,910,470.26 1,123,494,943.91 Net cash flow from operating activities 732,439,772.23 -349,715,607.27 II. Cash flow from investment activities Cash from collection of investment 100,000,000.00 Cash from investment income 83,763,917.65 82,439,431.00 Net cash receipt from disposal of fixed assets, intangible asses and other 867,998.76 long term investment Net cash receipt from disposal of subsidiary or 9,532,553.61 other business unit Other cash receipt related to investment activities Total cash flow-in from investment activities 193,296,471.26 83,307,429.76 Cash paid for purchase of fixed assets, intangible assets and other long term 8,073,445.38 110,469,087.10 assets Cash paid for investment 890,000,000.00 Net cash paid for acquisition of subsidiary or other 808,310,200.00 438,627,377.08 business unit Other cash payment related to investment activities Total cash flow-out from investment activities 1,706,383,645.38 549,096,464.18 Net cash flow from investment activities -1,513,087,174.12 -465,789,034.42 III. Cash flow from capital raising activities Cash from investment absorption Cash from loans 750,000,000.00 Cash from other capital-raising activities Total cash flow-in from capital-raising activities 750,000,000.00 Cash paid for debts 550,000,000.00 Cash paid for distributed dividends, profit or interest 171,685,653.47 121,217,747.32 Other payment for capital-raising activities 368,060.70 Total cash flow-out from capital-raising activities 721,685,653.47 121,585,808.02 Net cash flow from capital-raising activities 28,314,346.53 -121,585,808.02 IV. Impact on cash flow by exchange rate change -868,646.96 -2,634,381.02 V. Net addition of cash and cash equivalent -753,201,702.32 -939,724,830.73 Add: starting balance of cash and cash equivalent 1,534,943,161.36 2,474,667,992.09 VI. Closing balance of cash 781,741,459.04 1,534,943,161.36 第 25 页 共 35 页 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 and cash equivalent Legal representative: Yang Xiaoming CFO: Hu Xi Accounting Manager: Ni Zhiyong 第 26 页 共 35 页 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 Consolidated Owner's Equity Movement Statement of Jan. to Dec. 2008 Un Current Period Amount Owner's Equity attributable to Parent Company Item Less: General Shares Capital Stock Capital Reserve Surplus Reserve Risk Undistributed Profit in Oth Reserve Stock I. Closing Balance end of prior year 1,867,684,000.00 2,085,720,376.98 1,889,869,128.33 2,367,091,866.57 Add: retrospective adjustment from consolidation of companies under the same controller Add: accounting policy change prior error correction others II. Starting balance current year 1,867,684,000.00 2,085,720,376.98 1,889,869,128.33 2,367,091,866.57 III. Movement Current Year (less "-") -528,656,540.39 177,712,636.08 551,465,011.06 (I) Net profit 880,460,051.14 (II) Gains/losses directly into -528,656,540.39 owner's equity 1. Net movement of fair value of Financial assets -706,405,365.96 available for sale 2. Impact of 1,147,484.09 第 27 页 共 35 页 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 other owner's equity movement of investee in equity method 3. Impact of corporate tax related to 176,601,341.48 owner's equity 4. Others Total (I) and (II) -528,656,540.39 880,460,051.14 (III) Added or Lessened capital from owners 1. Added by owner 2. Amount of share payment into owner's equity 3. Others (IV) Profit Distribution 177,712,636.08 -328,995,040.08 1. Accrued surplus reserve 177,712,636.08 -177,712,636.08 2.Accrued General Risk Reserve 3. Distribution to owners (or shareholders) -151,282,404.00 4．Others (V) Internal transfer of owner's equity 1. Capital reserve into capital (or capital stock ) 2. Surplus reserve into capital (or capital stock) 3. Surplus 第 28 页 共 35 页 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 reserve compensation on loss 4. Others IV. Closing balance end of current period 1,867,684,000.00 1,557,063,836.59 2,067,581,764.41 2,918,556,877.63 Prior Year Amount Owner's Equity attributable to Parent Company Item Less: General Shares Capital Stock Capital Reserve Surplus Reserve Risk Undistributed Profit in Oth Reserve Stock I. Closing Balance end of prior year 1,867,684,000.00 1,342,769,895.61 2,242,343,414.07 1,285,016,076.58 Add: retrospective adjustment from consolidation of companies under the same controller Add: accounting 287,289,921.58 -502,313,678.14 599,221,784.04 policy change prior error correction others II. Starting balance current year 1,867,684,000.00 1,630,059,817.19 1,740,029,735.93 1,884,237,860.62 III. Movement Current Year (less "-") 455,660,559.79 149,839,392.40 482,854,005.95 (I) Net profit 754,249,167.66 (II) Gains/losses directly into 455,660,559.79 owner's equity 1. Net 651,838,018.02 第 29 页 共 35 页 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 movement of fair value of Financial assets available for sale 2. Impact of other owner's equity movement of 705,066.54 investee in equity method 3. Impact of corporate tax related to -196,882,524.77 owner's equity 4. Others Total (I) and (II) 455,660,559.79 754,249,167.66 (III) Added or Lessened capital from owners 1. Added by owner 2. Amount of share payment into owner's equity 3. Others (IV) Profit Distribution 149,839,392.40 -271,395,161.71 1. Accrued surplus reserve 149,839,392.40 -149,839,392.40 2.Accrued General Risk Reserve 3. Distribution to owners (or shareholders) -121,399,460.00 4．Others -156,309.31 (V) Internal transfer of owner's equity 1. Capital reserve into capital (or 第 30 页 共 35 页 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 capital stock ) 2. Surplus reserve into capital (or capital stock) 3. Surplus reserve compensation on loss 4. Others IV. Closing balance end of current period 1,867,684,000.00 2,085,720,376.98 1,889,869,128.33 2,367,091,866.57 Legal representative: Yang Xiaoming CFO: Hu Xi Accounting Manager: Ni Zhiyong Owner's Equity Movement Statements of Parent Company Jan. to Dec. 2008 Unit: yuan Currency: RMB Current Period Amount Less: Item Shares Capital Stock Capital Reserve Surplus Reserve Undistributed Profit Total Owner' in Stock I. Closing Balance end of 1,867,684,000.00 2,148,001,629.46 1,889,869,128.33 1,662,000,200.06 7,567,554, prior year Add: accounting policy change prior error correction others II. Starting balance current 1,867,684,000.00 2,148,001,629.46 1,889,869,128.33 1,662,000,200.06 7,567,554, year III. Movement Current Year (less "-") -513,653,293.45 177,712,636.08 559,568,140.30 223,627, (I) Net profit 888,563,180.38 888,563, (II)Gains/losses directly into -513,653,293.45 -513,653, owner's equity 第 31 页 共 35 页 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 1. Net movement of fair value of Financial assets -686,401,036.72 -686,401, available for sale 2. Impact of other owner's equity movement of 1,147,484.09 1,147, investee in equity method 3. Impact of corporate tax related to 171,600,259.18 171,600, owner's equity 4. Others Total (I) and (II) -513,653,293.45 888,563,180.38 374,909, (III) Added or Lessened capital from owners 1. Added by owner 2. Amount of share payment into owner's equity 3. Others (IV) Profit Distribution 177,712,636.08 -328,995,040.08 -151,282, 1. Accrued surplus reserve 177,712,636.08 -177,712,636.08 2. Distribution to shareholders -151,282,404.00 -151,282, 4．Others (V) Internal transfer of owner's equity 1. Capital reserve into capital stock 2. Surplus reserve into capital stock 3. Surplus reserve compensation 第 32 页 共 35 页 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 on loss 4. Others IV. Closing balance end of current period 1,867,684,000.00 1,634,348,336.01 2,067,581,764.41 2,221,568,340.36 7,791,182, Unit: yuan Currency: R Prior Year Amount Less: Item Shares Capital Stock Capital Reserve Surplus Reserve Undistributed Profit Total Owner' in Stock I. Closing Balance end of 1,867,684,000.00 1,448,532,929.35 1,899,649,403.57 1,679,849,087.19 6,895,715, prior year Add: accounting 260,161,947.36 -159,619,667.64 -495,806,996.77 -395,264, policy change prior error correction others II. Starting balance current 1,867,684,000.00 1,708,694,876.71 1,740,029,735.93 1,184,042,090.42 6,500,450, year III. Movement Current Year (less "-") 439,306,752.75 149,839,392.40 477,958,109.64 1,067,104, (I) Net profit 749,196,962.04 749,196, (II)Gains/losses directly into 439,306,752.75 439,306, owner's equity 1. Net movement of fair value of Financial assets 629,093,665.26 629,093, available for sale 2. Impact of other owner's equity movement of 695,936.54 695, investee in equity method 3. Impact of corporate tax related to -190,482,849.05 -190,482, owner's equity 第 33 页 共 35 页 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 4. Others Total (I) and (II) 439,306,752.75 749,196,962.04 1,188,503, (III) Added or Lessened capital from owners 1. Added by owner 2. Amount of share payment into owner's equity 3. Others (IV) Profit Distribution 149,839,392.40 -271,238,852.40 -121,399, 1. Accrued surplus reserve 149,839,392.40 -149,839,392.40 2. Distribution to shareholders -121,399,460.00 -121,399, 4．Others (V) Internal transfer of owner's equity 1. Capital reserve into capital stock 2. Surplus reserve into capital stock 3. Surplus reserve compensation on loss 4. Others IV. Closing balance end of current period 1,867,684,000.00 2,148,001,629.46 1,889,869,128.33 1,662,000,200.06 7,567,554, Legal representative: Yang Xiaoming CFO: Hu Xi Accounting Manager: Ni Zhiyong 第 34 页 共 35 页 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Abstract of Annual Report 2008 9.3 There occurred no change in accounting policies, accounting estimates or accounting methods in report period. 9.4 There occurred no correction of accounting errors in report period. 9.5 Details of changes of the scope of consolidated financial statements in report period compared to the last annual report. 1. Compared to last year, there are three entities added to consolidated financial statements this year, includes Tianjin Lujin Real Estate Development Co., Ltd., Shanghai Lujiazui Assets Management Co., Ltd. and Shanghai Shaowansheng Assets Management Co., Ltd., which are all set up in this year and added to the scope of consolidated financial statements. 2. There is one entity excluded from the scope of consolidated financial statements, Tianjin Luxing Real Estate Development Co., Ltd, which is liquidated this year. Chairman: Yang Xiaoming Shanghai Lujiazui Finance and Trade Zone Development Co., Ltd. March 6, 2009 第 35 页 共 35 页