Wafangdian Bearing Company Limited the Q3 Report for 2015
Wafangdian Bearing Company Limited
the Q3 Report for 2015
2015-43
October 2015
Chapter I. Important Prompts
The board of directors, board of supervisors, directors, supervisors and the top management
guarantee there is no false record, misleading statement or major omission in the report, and take
responsibilities for the truth, accuracy and completeness of the contents.
ALL the directors attend the board meeting.
The charger of company Mr. Meng Wei, financial controller Ms. Sun Najuan and the charger of
accounting department Ms. Yao Chunjuan made the statement: guarantee the truth, completeness of the
financial report of the third quarter report.
Chapter II. Main financial dates and shareholder changes
2.1 Main accounting data and financial indicators
Unit: Yuan
+/-（％）compared
2015.09.30 2014.12.31 between the end of
current period and last
year
Total assets(RMB) 3,568,754,718.27 3,935,819,231.85 -9.33%
Owner’s Equity Attributed to
Shareholders of Listed 1,318,206,760.37 1,381,844,988.72 -4.61%
Company(RMB)
2015.07-.09 +/-(%) to period 2015.01-.09 +/-(%) to period
Turnover(RMB) 558,567,387.61 -17.93% 1,726,661,066.95 -25.63%
Net profit attributable to
shareholders of the listed -4,050,974.19 -85.58% -63,638,228.35 -37.88%
company(RMB)
Net profit attributable to the
shareholders of the
listed company and after -8,179,845.87 -73.11% -73,597,355.13 44.59%
deducting of
non-recurring gain/loss(RMB)
Net Cash flow generated by
179,596,032.54 44.55%
business operation(RMB)
Basic earnings per
-0.010 -85.71% -0.16 45.45%
share(Yuan/share)
Diluted earnings per
-0.010 -85.71% -0.16 45.45%
share(Yuan/share)
Net assets yield (%) -0.30% 1.62% -4.71% -1.62%
Abnormal profit and loss items
√Applicable □Not applicable
Unit: Yuan
Abnormal profit and loss items 2015.01-2015.09
Profits and losses relating to disposal of fixed assets 869,570.71
Government grants recorded into profit or loss during
3,666,429.90
current period
Profits and losses relating to the debt restructure 6,605,256.93
Other non-business income and expenditures other
-61,066.60
than the above
1
Less: Influenced amount of income tax 1,121,064.16
Total 9,959,126.78
For the Company‘s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on
Information Disclosure for Companies Offering their Securities to the Public–Non-recurring Gains and
Losses and its non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on
Information Disclosure for Companies Offering their Securities to the Public–Non-recurring Gains and
Losses which have been defined as recurring gains and losses, it is necessary to explain the reason.
□Applicable √Inapplicable
2.2. The statement of total number of shareholders and the first 10 shareholders of
current shares in the end of the report period
Unit: Share
Total number of shareholder at the
end of report period
The situation of the first 10 shareholders of current shares
Total shares Non-current Impawned or Frozen Shares
Name Nature Ratio（%）
held shares held Status Amount
Wafangdian
State-owned
Bearing Group 60.60% 244,000,000 244,000,000
shareholder
Corporation
AKTIEBOLAGET Foreign
19.70% 79,300,000 0 Frozen 79,300,000
SKF shareholder
Domestic
Huang Junyue 0.81% 3,250,000 0
shareholder
BOCI SECURITIES Foreign
0.77% 3,120,000 0
LIMITED shareholder
GUOTAI JUNAN
Foreign
SECURITIES(HON 0.44% 1,754,284
shareholder
GKONG) LIMITED
Domestic
Hu Xiaofeng 0.42% 1,708,577 0
shareholder
Domestic
Jin Yunhua 0.41% 1,645,513 0
shareholder
Foreign
KGI ASIA LIMITED 0.22% 878,710 0
shareholder
Foreign
MAN,KWAI WING
private 0.18% 713,101 0
文贵荣
shareholder
Domestic
Zhou Junlin 0.13% 523,100 0
shareholder
The situation of the first 10 shareholders of current shares
Category of Shares
Name Current shares held at end of year (Note 4)
Categories Amount
AKTIEBOLAGET SKF 79,300,000 B 79,300,000
Huang Junyue 3,250,000 B 3,250,000
BOCI SECURITIES LIMITED 3,120,000 B 3,120,000
GUOTAI JUNAN
SECURITIES(HONGKONG) 1,754,284 B 1,754,284
LIMITED
Hu Xiaofeng 1,708,577 B 1,708,577
Jin Yunhua 1,645,513 B 1,645,513
KGI ASIA LIMITED 878,710 B 878,710
MAN,KWAI WING 文贵荣 713,101 B 713,101
Zhou Junlin 523,100 B 523,100
2
Yang Yufei 502,278 B 502,278
Notes to relationship or “action in There was no relationship and consistent activities between the first big
concert”among the top ten shareholder and other shareholders or the top ten common stock holders; The
shareholders. relationship among other shareholders, top ten circulation shareholders, top
ten circulation shareholders and other shareholders was not clear.
Whether the top ten shareholders with common stock and top ten shareholders with unlimited common
stock agree with the company to buy back the stock or not?
□Applicable √Inapplicable
Chart of preferred stock shareholders and the first tenth shareholders holding shares
□Applicable √Inapplicable
Chapter III. Important Items
3.1 The great changes in company’s key financial statement, financial indicators, and
the reasons
√Applicable □Not applicable
Beginning End of year +/-(%) to
No. Items peirod Explanation
period
Mainly because the customer payment
collection decrease compared with last
peirod.besides, the company purchase
1 Monetary fund 10,462.0 18,056.9 -42.1%
the SKF Wazhou 51% euqity,the bank
letter of credit with 11.25 million Yuan is
expired.
Mainly because the payment in advance
to part of clients decrease compared with
year beginning,of which the Shanxi
Accounts received
2 2,729.4 4,403.1 -38.0% Taigang stainless steel decrease with
in advance
11.58 million Yuan,Zhejiang
Wuzhouxinchun decrease 6.22 million
Yuan.
The Dividends receivable at the year
Dividends beginning is the dividend from Shanghai
3 - 24.0 -100.0%
receivable ME machine-lelctrical equipment chain
Ltd of 2013 with 0.24 million Yuan.
Mainly because the offsetinput tax
re-classsify to this items is 10.79 million
Other current
4 3,002.7 1,921.2 56.3% Yuan at the end of report peirod,which is
assets
21.78 million Yuan at the year
beginning
In order to reduce the financing cost,the
company cut down the short
loan.besides,the company increase the
5 Short-term loan 1,377.0 2,453.4 -43.9% order financing with 56.43 million Yuan
which accounted into account payable,
and the long-term note to the clients
increase.
6 Note payable 23,500.0 49,800.0 -52.8% The long-term note to the clients
3
increase.
Non-current The long-term loan expired within 1 year
7 liabilities due 31,980.8 20,686.7 54.6% is 50 million Yuan,which is 90 million
within I year Yuan in the last peirod.
There is a new long-term loan with 90
8 Long-term loan 5,000.0 9,000.0 -44.4%
million Yuan.
There is a new long-term loan with 90
9 Long- term loan 9,000.0 5,000.0 80.0%
million Yuan.
2015.1.1- +/-(%) to
No. Items Last peirod Explanation
9.30 period
Mainly because the company switch the
withdrawed inventory falling price
Loss of
reserves with 3.7 million Yuan, while
10 impairment of -368.5 110.8 -432.4%
write-off the account differences with
assets
Zhongqi qiaoxiang with 0.91 million
Yuan.
The investment income from SKF
Investment
11 0.0 361.3 -100.0% Wazhou in the last peirod is 3.613 million
income
Yuan.
1.the gains from debt restructuring
increase 5.43 million Yuan compared
with last peirod;2. the gains from
Non-operating
12 1,182.8 761.9 55.2% non-current asset increase 770 thousand
revenue
Yuan;3.other income reduce 2.22 million
Yuan(Liaozhou write-off account
payable with 2.04 million Yuan.)
1.the losses from debt restructuring
Non-operating decrease 1.46 million Yuan;2.the losses
13 74.8 161.6 -53.8%
cost from non-current asset disposal increase
with 490 thousan Yuan,
1.The mian business is 15.6344 billion
Yuan which decrease with 479.33 million
Yuan,the decrease rate is 23.5%,which
lead to gross profit decrease about 40.79
million Yuan.while in the report peirod the
mian business gorss profit rate is 9.6%,
increase 1.1%,and the gross profit is
14 Net profit -6,363.8 -4,553.9 39.7%
17.04 millionYuan.2.other business
income is 163.22 million Yuan,decrease
with 115.60 million Yuan,the rate is
41.5%,lead to gross profit with 15.67
million Yuan,while in the reprot peirod,the
gorss rate is 8.9%,decrease 4.6% lead to
a profit decrease with 7.58 million Yuan.
Mainly because the waste income is
Other cash accounted into the item of cash received
received relating from sale of goods or rendering of
15 -6,363.8 -4,553.9 39.7%
to operating services which was accounted into other
activities cash received relating to investing
activities
Mainly because the added-value tax is
Income tax
16 222.9 1,230.6 -81.9% 22.32 million Yuan,decrease 16.11 million
expense
Yuan cmpared with last peirod.
4
Mainly because receive the dividend from
Cash received
Shanghai ME machine-lelctrical
17 from investment 3,835.2 5,642.7 -32.0%
equipment chain Ltd of 2012 with 0.24
incomes
million Yuan.
Cash paid to
1.the payment of import manchine with
acquire fixed
29.69 million Yuan in the last peirod;2.the
18 assets, intangible 0.0 24.0 -100.0%
bank note payment decrease 8.74 million
assets and other
Yuan compared with last peirod.
long-term assets
Cash paid to Mainly because purchase the SKF
19 acquire 1,027.9 4,372.9 -76.5% Wazhou 51% euqity,the bank letter of
investment credit with 11.25 million Yuan is expired.
Mainly because the US eschange rate is
Effects of foreign low in the first half year,but,after
20 exchange rate 1,125.0 0.0 August,the eschange rate increase
changes on cash continually,which lead to a exchange
income.
3.2 The situation of major items in progress and the analysis explanation on its effect
and resolved proposal.
None
3.3 The fulfillment of the items that the company, shareholder with more than 5%
shares and the actual controller etc. during the report period, or before it.
□ Applicable √Not applicable
3.4 Operation forecast for year 2015
□ Applicable √Not applicable
3.5 Security investment information
Statement of holding other listing company equity
□Applicable √Not applicable
3.6 Statement of holding other listing company equity
□Applicable √Not applicable
3.7 Derivative products investment information
□ Applicable √Not applicable
3.8 Reception of investigations,communications,or interviews in the report period
Main content involved
Time/date Place Way Type of visitors Visitors
and material provided
The general
Telephone Private Private
July 16,2015 Office information of the
communication investor investor
company
The general
Telephone Private Private
August 5,2015 Office information of the
communication investor investor
company
5
Chapter IV Financial report
1. Consolidated Balance Sheet.
Unit: RMB Yuan
Item Closing Balance Opening Balance
Current assets ：
Monetary fund 104,619,877.39 180,569,164.66
Financial assets held-for-trading
Bills receivable 152,518,417.06 188,117,975.71
Account receivable 1,013,206,844.99 1,098,566,178.20
Account paid in advance 27,294,058.63 44,031,201.66
Interest receivable
Dividend receivable 240,000.00
Other receivables 30,026,786.62 19,211,927.22
Inventory 1,042,293,160.74 1,166,347,866.35
Non-current assets due within 1 year
Other current assets 13,769,508.80 24,534,185.32
Total current assets 2,383,728,654.23 2,721,618,499.12
Non-current assets
Financial assets available-for-sale 2,000,000.00 2,000,000.00
Investments held-to-maturity
Long-term receivable
Long-term equity investment
Investment property
Fixed assets 637,787,463.19 695,819,839.43
Construction in progress 396,085,087.64 363,404,435.51
Construction materials
Fixed assets disposal
Biological assets 136,649,765.32 140,355,336.13
Gas and petrol assets
Intangible assets
Development expenditure
Goodwill
Long-term prepaid expense 650,480.62 767,854.39
Deferred tax assets 11,853,267.27 11,853,267.27
Other non-current assets
Total non-current assets 1,185,026,064.04 1,214,200,732.73
Total assets 3,568,754,718.27 3,935,819,231.85
Current liabilities
Short-term loan 235,000,000.00 498,000,000.00
Note payable 319,808,469.00 206,867,023.86
Accounts payable 1,269,249,418.45 1,388,424,650.70
Accounts received in advance 43,421,237.88 48,558,339.92
Commission charge payable
Accrued payroll 19,186,746.29 20,275,364.44
Tax payable 4,451,497.59 3,676,987.88
Interest payable 6,929,993.00 5,942,500.00
Dividends payable
Other payables 157,203,358.07 183,285,758.81
Non-current liabilities due within I
50,000,000.00 90,000,000.00
year
Other current liabilities 4,411,103.83 4,761,103.83
Total current liabilities 2,109,661,824.11 2,449,791,729.44
Non-current liabilities
6
Long-term loan 90,000,000.00 50,000,000.00
Debenture payable
Long-term payables 1,597,305.72 1,597,305.72
Special payables 321,698.98 321,698.98
Contingent liabilities
Deferred income 47,826,133.74 51,122,513.64
Deferred tax liabilities 1,140,995.35 1,140,995.35
Other non-current liabilities
Total non-current liabilities 140,886,133.79 104,182,513.69
Total liabilities 2,250,547,957.90 2,553,974,243.13
Owner’s equity (shareholders’
equity)
Capital stock 402,600,000.00 402,600,000.00
Capital public reserves 485,691,050.47 485,691,050.47
Less: treasury share
Surplus reserve 131,442,909.11 131,442,909.11
Undistributed profit 298,472,800.79 362,111,029.14
Difference of foreign currency
translation
Equity attributable to parent
1,318,206,760.37 1,381,844,988.72
company
Minority interest
Total owner’s equity 1,318,206,760.37 1,381,844,988.72
Total owner’s equity and liabilities 3,568,754,718.27 3,935,819,231.85
Chairman: Meng Wei General Accountant : Sun Najuan Accounting charger: Yao Chunjuan
2. Balance Sheet of Parent Company
Unit: RMB Yuan
Item Opening Balance Closing Balance
Current assets ：
Monetary fund 94,379,679.71 172,688,792.14
Financial assets held-for-trading
Bills receivable 140,598,526.01 181,824,053.86
Account receivable 1,007,226,627.40 1,106,322,532.09
Account paid in advance 19,496,201.44 40,549,347.10
Interest receivable
Dividend receivable 240,000.00
Other receivables 28,323,776.00 15,661,424.30
Inventory 968,505,100.39 1,079,876,029.63
Non-current assets due within 1 year
Other current assets 9,096,444.06 15,143,422.57
Total current assets 2,267,626,355.01 2,612,305,601.69
Non-current assets
Financial assets available-for-sale 2,000,000.00 2,000,000.00
Investments held-to-maturity
Long-term receivable
Long-term equity investment 211,583,897.67 211,583,897.67
Investment property
Fixed assets 517,190,619.87 565,949,871.82
Construction in progress 273,238,340.40 243,881,508.42
Construction materials
Fixed assets disposal
Biological assets 116,162,090.78 119,333,165.54
Gas and petrol assets
7
Intangible assets
Development expenditure
Goodwill
Long-term prepaid expense 650,480.62 767,854.39
Deferred tax assets 10,580,100.02 10,580,100.02
Other non-current assets
Total non-current assets 1,131,405,529.36 1,154,096,397.86
Total assets 3,399,031,884.37 3,766,401,999.55
Current liabilities
Short-term loan 235,000,000.00 498,000,000.00
Note payable 319,308,469.00 206,867,023.86
Accounts payable 1,167,879,227.88 1,296,111,095.77
Accounts received in advance 37,139,738.37 48,868,818.23
Commission charge payable
Accrued payroll 11,504,954.24 12,247,600.92
Tax payable 1,040,379.23 1,092,872.50
Interest payable 6,929,993.00 5,942,500.00
Dividends payable
Other payables 111,125,921.32 135,496,360.01
Non-current liabilities due within I year 50,000,000.00 90,000,000.00
Other current liabilities 4,313,555.83 4,313,555.83
Total current liabilities 1,944,242,238.87 2,298,939,827.12
Non-current liabilities
Long-term loan 90,000,000.00 50,000,000.00
Debenture payable
Long-term payables
Special payables 321,698.98 321,698.98
Contingent liabilities
Deferred income 43,338,925.74 46,635,305.64
Deferred tax liabilities
Other non-current liabilities
Total non-current liabilities 133,660,624.72 96,957,004.62
Total liabilities 2,077,902,863.59 2,395,896,831.74
Owner’s equity (shareholders’ equity)
Capital stock 402,600,000.00 402,600,000.00
Capital public reserves 485,678,443.26 485,678,443.26
Less: treasury share
Surplus reserve 131,442,909.11 131,442,909.11
Undistributed profit 301,407,668.41 350,783,815.44
Difference of foreign currency translation
Total owner’s equity 1,321,129,020.78 1,370,505,167.81
Total owner’s equity and liabilities 3,399,031,884.37 3,766,401,999.55
3. Consolidated Income Sheet of report period
Unit: RMB Yuan
Account for the current
Item Account for the prior period
period
1.Total operating income 558,567,387.61 680,574,796.92
Including: Operating revenue 558,567,387.61 680,574,796.92
Interest income
Handling charge and commission income
2.Total operating cost 566,693,194.94 712,452,720.50
Including: Operating cost 493,527,210.67 619,472,911.74
Interest expenses
8
Handling charge and commission income
Tax & surcharges for main operations 2,421,993.72 2,652,800.04
Selling expenses 48,012,692.32 57,779,538.64
Administrative expense 18,602,138.28 20,312,978.94
Financial expense 7,829,159.95 12,158,985.11
Loss of impairment of assets -3,700,000.00 75,506.03
Add: Gains of change of fair value of assets(loss
with"-")
Investment income(loss with "-") 1,351,824.26
Including: Income form investment on
1,351,824.26
associated enterprise and jointly enterprise
3.Operating profit (loss with"-") -8,125,807.33 -30,526,099.32
Add: Non-operating revenue 4,933,416.65 3,250,430.53
Less: Non-operating cost 273,459.79 814,090.66
Including: loss on disposal of non-current assets
4.Total profit(loss with"-") -3,465,850.47 -28,089,759.45
Less: Income tax expenses 585,123.72 0.00
5. Net profit(Loss with"-") -4,050,974.19 -28,089,759.45
Net profit attributable to shareholders of parent
-4,050,974.19 -28,089,759.45
company
Minority interests
6. Other comprehensive returns
7. Total comprehensive returns -4,050,974.19 -28,089,759.45
Total comprehensive returns available for parent
-4,050,974.19 -28,089,759.45
company
Total comprehensive returns available for
minority shareholders
8.Earnings per share
(1) Basic earnings per share -0.010 -0.070
(2) Diluted earnings per share -0.010 -0.070
Chairman: Meng Wei General Accountant : Sun Najuan Accounting charger: Yao Chunjuan
4. Income Sheet of Parent Company of report period
Unit: RMB Yuan
Account for the current
Item Account for the prior period
period
1.Total operating income 589,211,680.55 682,070,651.64
Less: Operating cost 526,991,318.71 622,682,793.79
Interest expenses
Handling charge and commission income
Tax & surcharges for main operations 2,256,282.97 2,343,592.56
Selling expenses 47,217,351.18 57,506,677.13
Administrative expense 12,446,800.32 15,488,232.49
Financial expense 8,001,209.26 12,225,107.02
Loss of impairment of assets -3,700,000.00 75,506.03
Add: Gains of change of fair value of assets(loss
with"-")
Investment income(loss with "-") 1,351,824.26
Including: Income form investment on
1,351,824.26
associated enterprise and jointly enterprise
2.Operating profit (loss with"-") -4,001,281.89 -26,899,433.12
Add: Non-operating revenue 4,270,935.89 2,013,122.15
Less: Non-operating cost -25,581.70 811,336.87
Including: loss on disposal of non-current assets
3.Total profit(loss with"-") 295,235.70 -25,697,647.84
9
Less: Income tax expenses
4. Net profit(Loss with"-") 295,235.70 -25,697,647.84
5. Other comprehensive returns
6. Total comprehensive returns 295,235.70 -25,697,647.84
7.Earnings per share
(1) Basic earnings per share 0.0007 -0.06
(2) Diluted earnings per share 0.0007 -0.06
5. Consolidated Income Sheetfromthe beginning oftheyear to theend ofreport period
Unit: RMB Yuan
Account for the
Item Account for the prior period
current period
1.Total operating income 1,726,661,066.95 2,321,588,005.63
Including: Operating revenue 1,726,661,066.95 2,321,588,005.63
Interest income
Handling charge and commission income
2.Total operating cost 1,800,530,325.64 2,376,742,496.73
Including: Operating cost 1,562,036,472.24 2,109,959,936.45
Interest expenses
Handling charge and commission income
Tax & surcharges for main operations 8,423,197.12 8,824,154.26
Selling expenses 146,600,947.71 176,512,064.99
Administrative expense 58,670,057.21 56,243,283.04
Financial expense 28,484,187.75 24,094,619.60
Loss of impairment of assets -3,684,536.39 1,108,438.39
Add: Gains of change of fair value of assets(loss
with"-")
Investment income(loss with "-") 3,613,039.85
Including: Income form investment on associated
0.00 3,613,039.85
enterprise and jointly enterprise
3.Operating profit (loss with"-") -73,869,258.69 -51,541,451.25
Add: Non-operating revenue 11,827,716.73 7,618,970.08
Less: Non-operating cost 747,525.79 1,616,464.36
Including: loss on disposal of non-current assets
4.Total profit(loss with"-") -62,789,067.75 -45,538,945.53
Less: Income tax expenses 849,160.60
5. Net profit(Loss with"-") -63,638,228.35 -45,538,945.53
Net profit attributable to shareholders of parent
-63,638,228.35 -45,538,945.53
company
Minority interests
6. Other comprehensive returns
7. Total comprehensive returns -63,638,228.35 -45,538,945.53
Total comprehensive returns available for parent
-63,638,228.35 -45,538,945.53
company
Total comprehensive returns available for minority
shareholders
8.Earnings per share
(1) Basic earnings per share -0.16 -0.11
(2) Diluted earnings per share -0.16 -0.11
6. Income SheetofParentCompanyfrom thebeginning of theyear to the end ofreportperiod
10
Unit: RMB Yuan
Account for the current
Item Account for the prior period
period
1.Total operating income 1,796,933,848.14 2,325,532,017.92
Less: Operating cost 1,640,357,250.59 2,117,337,674.88
Interest expenses
Handling charge and commission income
Tax & surcharges for main operations 7,557,358.99 7,762,025.01
Selling expenses 145,263,814.94 175,585,643.76
Administrative expense 38,383,946.71 41,735,482.88
Financial expense 28,949,528.26 24,400,586.94
Loss of impairment of assets -3,684,536.39 1,108,438.39
Add: Gains of change of fair value of assets(loss
with"-")
Investment income(loss with "-") 3,613,039.85
Including: Income form investment on
3,613,039.85
associated enterprise and jointly enterprise
2.Operating profit (loss with"-") -59,893,514.96 -38,784,794.09
Add: Non-operating revenue 10,831,843.84 4,071,781.43
Less: Non-operating cost 314,475.91 1,606,266.81
Including: loss on disposal of non-current assets
3.Total profit(loss with"-") -49,376,147.03 -36,319,279.47
Less: Income tax expenses
4. Net profit(Loss with"-") -49,376,147.03 -36,319,279.47
5. Other comprehensive returns
6. Total comprehensive returns -49,376,147.03 -36,319,279.47
7.Earnings per share
(1) Basic earnings per share -0.12 -0.09
(2) Diluted earnings per share -0.12 -0.09
7. Consolidated Cash Flow Statement.
Unit: RMB yuan
Account for the current
Item Account for the prior period
period
1.Cash from operating activities
Cash received from sale of goods or rendering of
1,083,562,127.88 1,138,571,924.97
services
Refund of taxes and fares
Other cash received relating to operating
2,228,854.32 12,305,658.16
activities
Sub-total of cash inflows 1,085,790,982.20 1,150,877,818.06
Cash paid for goods and services 517,240,706.61 583,730,460.25
Cash paid to or on behalf of the employees 248,931,255.12 250,359,276.50
Tax payments 38,351,588.10 56,426,590.27
Other cash paid relating to operating activities 101,671,399.83 136,112,289.75
Sub-total of cash outflows 906,194,949.66 1,026,628,616.77
Net cash flows from operating activities 179,596,032.54 124,249,201.29
2.Cash flows from investing activities
Cash received from return of investment 240,000.00
Cash received from investment incomes
Net cash received from disposal of fixed assets,
64,000.00
intangible assets and other long-term assets
Proceeds from sale of subsidiaries and other
11
operating units
Other cash received relating to investing
activities
Sub-total of cash inflows 64,000.00 240,000.00
Cash paid to acquire fixed assets, intangible
10,279,239.83 43,729,174.79
assets and other long-term assets
Cash paid to acquire investment 11,250,000.00
Net cash used in acquiring subsidiaries and other
operating units
Other cash paid relating to investing activities
Sub-total of cash outflows 21,529,239.83 43,729,174.79
Net cash flows from investment activities -21,465,239.83 -43,489,174.79
3.Cash flows from financing activities
Cash received from absorbing investment
Including: Cash received from increase in
minority interest
Proceeds from borrowings 762,579,700.00 698,000,000.00
Other proceeds relating to financing activities
Sub-total of cash inflows 762,579,700.00 698,000,000.00
Repayment of borrowings 969,146,250.00 761,716,922.22
Distribution of dividends or profits & interest
31,022,640.99 32,200,831.11
expenses
Including: dividends or profit paid to minority
interest
Cash paid for other financing activities
Sub-total of cash outflows 1,000,168,890.99 793,917,753.33
Net cash flows from financing activities -237,589,190.99 -95,917,753.33
4. Effects of foreign exchange rate changes
1,703,111.01 1,195,793.12
on cash
5.Net increases in cash and cash equivalents -77,755,287.27 -13,961,933.71
Add: cash and cash equivalent, at the beginning
143,399,164.66 60,616,759.13
of year
6.Cash and cash equivalent at the end of the
65,643,877.39 46,654,825.42
year
8. Cash Flow Statement Of Parent Company.
Unit: RMB yuan
Account for the current
Item Account for the prior period
period
1.Cash from operating activities
Cash received from sale of goods or rendering of
1,078,846,848.04 1,134,897,588.80
services
Refund of taxes and fares 234.93
Other cash received relating to operating
1,804,635.93 11,860,528.46
activities
Sub-total of cash inflows 1,080,651,483.97 1,146,758,352.19
Cash paid for goods and services 588,613,875.16 636,463,030.85
Cash paid to or on behalf of the employees 199,318,780.39 215,153,997.26
Tax payments 29,000,550.13 45,648,002.97
Other cash paid relating to operating activities 90,567,105.02 125,281,882.52
Sub-total of cash outflows 907,500,310.70 1,022,546,913.60
Net cash flows from operating activities 173,151,173.27 124,211,438.59
2.Cash flows from investing activities
Cash received from return of investment 240,000.00
12
Cash received from investment incomes
Net cash received from disposal of fixed assets,
intangible assets and other long-term assets
Proceeds from sale of subsidiaries and other
operating units
Other cash received relating to investing
activities
Sub-total of cash inflows 240,000.00
Cash paid to acquire fixed assets, intangible
6,132,706.41 43,358,144.79
assets and other long-term assets
Cash paid to acquire investment 11,250,000.00
Net cash used in acquiring subsidiaries and other
operating units
Other cash paid relating to investing activities
Sub-total of cash outflows 17,382,706.41 43,358,144.79
Net cash flows from investment activities -17,382,706.41 -43,118,144.79
3.Cash flows from financing activities
Cash received from absorbing investment
Including: Cash received from increase in
minority interest
Proceeds from borrowings 762,579,700.00 698,000,000.00
Other proceeds relating to financing activities
Sub-total of cash inflows 762,579,700.00 698,000,000.00
Repayment of borrowings 969,146,250.00 761,716,922.22
Distribution of dividends or profits & interest
31,020,140.30 32,062,964.26
expenses
Including: dividends or profit paid to minority
interest
Cash paid for other financing activities
Sub-total of cash outflows 1,000,166,390.30 793,779,886.48
Net cash flows from financing activities -237,586,690.30 -95,779,886.48
4. Effects of foreign exchange rate changes
1,703,111.01 1,195,793.12
on cash
5.Net increases in cash and cash equivalents -80,115,112.43 -13,490,799.56
Add: cash and cash equivalent, at the beginning
135,518,792.14 56,478,876.74
of year
6.Cash and cash equivalent at the end of the
55,403,679.71 42,988,077.18
year
4.5 Audited report
Audit opinions: not audited.
13
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