ST大路B：第一季度报告全文（英文版）

1、- chengde dalu co., ltd.first quarterly report 2012(full text) chengde dalu co., ltd. the first quarterly report for 2012 (full text) 1. important notes 1.1 board of directors and the supervisory committee of chengde dalu co., ltd. (hereinafter referred to as the company) and its directors, supervis

2、ors and senior executives hereby confirm that there are no any fictitious statements, misleading statements, or important omissions carried in this report, and shall take all responsibilities, individual and/or joint, for the reality, accuracy and completion of the whole contents. 1.2 the financial

3、report for the first quarterly report of the company has not been audited by cpas. 1.3 yan qizhong, principal of the company; wang ansheng, person in charge of accounting works; and liu fengguo, person in charge of accounting organ (accounting supervisor) hereby confirm that the financial report of

4、the first quarterly report is true and complete. 2. company profile 2.1 main accounting highlights and financial indexes unit: rmb at the end of the report at the period-end of thechanges of periodlast yearincrease/decrease (%) total assets (rmb)222,143,456.45219,022,670.811.42% ownersequityattribut

5、ableto shareholders of the listed company-26,929,187.71-23,882,038.57-12.76% (rmb) total share capital (share)706,320,000.00706,320,000.000.00% net asset per share attributable to shareholdersoflistedcompany-0.038-0.034-12.76% (rmb/share) in the report period the same period of last year changes of

6、increase/decrease (%) total operating income (rmb) net profit attributable to shareholders of the listed company (rmb) net cash flow arising from operating activities (rmb) net cash flow arising from operating activities per share (rmb/share) basic earnings per share (rmb/share) diluted earnings per

7、 share (rmb/share) weighted average return on equity (%) 263,950.00 -3,047,149.14 3,138,746.49 0.004 -0.0043 -0.0043 0.00% 0.00 -1,933,932.15 20,118.66 0.00003 -0.003 -0.003 0.00% 0.00% -57.56% 15,501.17% 13,233.33% -43.33% -43.33% 0.00% weighted average return on equity after deducting non-recurrin

8、g gains and losses0.00%0.00%0.00% (%) item of non-recurring gains/losses applicableinapplicable unit: rmb items of non-recurring gains and losses other non-operating income and expenditure except for the aforementioned items total amount from year-begin to period-end -54,412.17 -54,412.17 remarks (i

9、f applicable) 1 chengde dalu co., ltd.first quarterly report 2012(full text) 2.2 total number of shareholders at the end of the report period and shares held by the top ten shareholders of circulation share unit: share total number of shareholders at the end of report period particulars about shares

10、 held by the top ten shareholders of circulation shares 22,448 shareholders name guotai junan securities(hongkong) limited shanghai h.k. wangguo securities zhou xiaomin yu sanxi wang wensheng peng wei zhao ziying liu tingyu li siquan li youhe number of circulation shares held at the period-end 60,34

11、0,849 26,978,492 9,654,111 8,792,000 7,258,007 2,978,525 2,821,916 2,743,764 1,726,133 1,582,900 type of shares domestically listed foreign shares domestically listed foreign shares domestically listed foreign shares domestically listed foreign shares domestically listed foreign shares domestically

12、listed foreign shares domestically listed foreign shares domestically listed foreign shares domestically listed foreign shares domestically listed foreign shares 3. significant events 3.1 particulars about material changes in items of main accounting statement and financial index, and explanations o

13、f reasons applicableinapplicable monetary fund: amount at period-end decrease 3,065,734.31 yuan over that of period-begin with a 55.56% down. mainly due to the construction amount paid for development of real estate project by subsidiary; inventory: amount at period-end increase 5,451,500.00 yuan ov

14、er that of period-begin with a 13.73% up. mainly because real estate project of the subsidiary has not completed till end of this period; account received in advance: amount at period-end increase 12,471,037.08 yuan over that of period-begin with a 41.53% up. mainly because house sales in advance of

15、 real estate project increased; net profit attributable to shareholders of listed company: a y-o-y down of 1,113,216.99 yuan with a 57.56% down. mainly because vary expenses are increased in this period; net cash flow arising from operation activities: a y-o-y growth of 3,118,627.83 yuan with a 15,5

16、01.17% up. mainly because real estate project of the subsidiary has sold in advance; 3.2 analysis and explanation of significant events and their influence and solutions 3.2.1 particular about qualified opinion applicableinapplicable 2 chengde dalu co., ltd.first quarterly report 2012(full text) in

17、2011, the crowe horwath cpa (special general partnership) carried out qualified auditors report with paragraph of emphasized matters for the company. emphasis events: attention for user of financial statement: 1. as stated in 1(1) of note iv., chengde xingye papermaking co., ltd., was established jo

18、intly by dalu co., ltd. and h.k century win international holding ltd in 2001 with registered capital of usd 250 million and paid-in capital of usd100 million. capital investment from shareholders occupied 40% of registered capital, consisting usd 75 million (a 75% in equity) invested by the company

19、 and usd 25 million (a 25% in equity) invested by h.k century win international holding ltd. on 28 october 2002, regulated by “reply of capital increase for joint venture of chengde xingye papermaking co., ltd.” wjmz eh2001 no. 969 issued by ministry of foreign trade no main business income obtained

20、 for year of 2010 and 2011with uncertainty for sustainable operation ability. the statement of the above paragraphs has no effect on the expressed audit opinion. the board of directors thought that, the proceedings involved in unqualified opinions with paragraph of emphasized matters provided by cro

21、we horwath cpa (special general partnership) existed which were problems left in history, and could not have substantial influences on production and operation of the company. the board of directors attached importance to the emphasized issues and qualified matters in the audit report, and is commun

22、icating with related department at present on negotiating the solutions. concerning the above said lawsuits, the company will response to suits proactively and released relevant progress of lawsuits on time. the lawsuits will be solved one by one while the company back to right track gradually. 3.2.

23、2 particular about fund offered to shareholder or its related parties by the company and external guarantee with procedure violation applicableinapplicable 3 n n n n items chengde dalu co., ltd.first quarterly report 2012(full text) 3.2.3 particular about the significant contract of routine operatio

24、n signed and implemented applicable 3.2.4 other applicable inapplicable inapplicable 3.3 implementations of commitments by the company, shareholders and actual controller commitments make within the report period or persisted to the period by listed company and its director, supervisor and senior ex

25、ecutives, shareholder with over 5 percent shares held and its actual controller applicableinapplicable 3.4 estimation of accumulative net profit from the beginning of the year to the end of next report period to be loss probably or the warning of its material change compared with the corresponding p

26、eriod of the last year and explanation of reason applicableinapplicable 3.5 other significant events which need explanations 3.5.1 particulars about securities investment applicableinapplicable 3.5.2 registration form for receiving research, communication and interview in the report period dateplace

27、method type of reception reception object contents discussed and materials supplied securities telephone 2012-01-06 department of communicatio individual investors the company n subsidy of the company, no material provided securitiestelephoneperformance in 2011 and 2012-01-18 department of communica

28、tio individual investors the company provided the prediction notice on performance securitiestelephonecurrent status of the 2012-02-19 department of communicatio individual investors the company company, no material provided securitiestelephoneprogress of lawsuit of the 2012-03-23 department of comm

29、unicatio individual investors the company company, no material provided securitiestelephonesuspension of the 2012-03-30 department of communicatio individual investors the company 3.6 particulars about derivatives investment company, no material provided applicableinapplicable 3.6.1 particulars abou

30、t derivatives investment held at the end of report period applicable 4. appendix 4.1 balance sheet inapplicable prepared by chengde dalu co., ltd.march 31, 2012unit: rmb current assets: balance at period-end consolidation parent company balance at year-begin consolidation parent company monetary fun

31、ds2,451,957.984,019.805,517,692.294,019.80 settlement provisions capital lent transactionfinance 4 in asset chengde dalu co., ltd. notes receivable accounts receivable first quarterly report 2012(full text) accounts advance paid 21,062,496.2520,084,632.2521,059,096.2520,084,632.25 insurance receivab

32、le reinsurance receivables contract reserve of reinsurance receivable interest receivable dividend receivable other receivables34,544,427.80560,037.0733,632,142.25350,389.52 purchase finance asset restituted inventories non-current asset due within one year other current assets 45,150,300.27 1,093,5

33、27.39 39,698,800.27 1,093,527.39 total current assets104,302,709.6920,648,689.12101,001,258.4520,439,041.57 non-current assets: grantedloansand advances finance asset available for sales held-to-maturity investment long-term receivable account long-term investment equity 2,215,729.6558,925,880.262,2

34、15,729.6558,925,880.26 investment property fixed assets construction in progress engineering material disposal of fixed asset productive biological asset oil and gas asset intangible assets expense on research and development goodwill long-term expenses to be apportioned deferred income tax asset ot

35、her non-current asset 59,366,716.28 6,721,818.00 24,046,903.88 356,640.00 25,132,938.95 60,092,006.51 6,721,818.00 24,202,279.25 356,640.00 24,432,938.95 total non-current asset117,840,746.7658,925,880.26118,021,412.3658,925,880.26 5 chengde dalu co., ltd.first quarterly report 2012(full text) total

36、 assets222,143,456.4579,574,569.38219,022,670.8179,364,921.83 current liabilities: short-term loans422,261.91422,261.91422,261.91422,261.91 loan from central bank absorbing deposit and interbank deposit capital borrowed transaction liabilities notes payable financial accounts payable accounts receiv

37、ed in advance 131,175.82 42,499,650.10 218,802.27231,175.82 30,028,613.02 218,802.27 selling financial asset of repurchase commission charge and commission payable wage payable taxes payable 6,347,882.20 69,316,914.62 129,639.20 -34,675.85 6,707,882.20 69,588,226.39 489,639.20 169,855.54 interest pa

38、yable dividend payable other accounts payable111,295,122.36102,732,936.89116,572,501.13101,813,353.28 reinsurance payables insurancecontract reserve security trading of agency security sales of agency non-current liabilities due within 1 year other current liabilities total current liabilities230,01

39、3,007.01103,468,964.42223,550,660.47103,113,912.20 non-current liabilities: long-term loans bonds payable long-term payable account 6,801,600.006,801,600.00 special payable accounts 10,598,000.0398,000.0310,598,000.0398,000.03 projected liabilities deferred liabilities incometax other liabilities no

40、n-current total non-current liabilities total liabilities owners equity(or 17,399,600.03 247,412,607.04 98,000.03 103,566,964.45 17,399,600.03 240,950,260.50 98,000.03 103,211,912.23 shareholders equity): 6 to items chengde dalu co., ltd.first quarterly report 2012(full text) paid-in capital (or sha

41、re capital) capital public reserve 706,320,000.00 450,765,443.10 706,320,000.00 449,365,886.69 706,320,000.00 450,765,443.10 706,320,000.00 449,365,886.69 less: inventory shares reasonable reserve surplus public reserve76,791,550.1776,791,550.1776,791,550.1776,791,550.17 provision of general risk re

42、tained profit-1,260,806,180.98-1,256,469,831.93-1,257,759,031.84-1,256,324,427.26 balance difference of foreign currency translation totalownersequity attributableparent-26,929,187.71-23,992,395.07-23,882,038.57-23,846,990.40 company minority interests1,660,037.121,954,448.88 total owners equity tot

43、al liabilities and owners equity -25,269,150.59 222,143,456.45 -23,992,395.07 79,574,569.38 -21,927,589.69 219,022,670.81 -23,846,990.40 79,364,921.83 4.2 profit statement prepared by chengde dalu co., ltd.jan.-mar. 2012unit: rmb amount in this period consolidation parent company amount in last peri

44、od consolidation parent company i. total operating income including: operating income 263,950.00 263,950.00 0.00 0.00 0.00 0.00 0.00 0.00 interest income insurance gained commission charge and commission income ii. total operating cost including: operating cost 3,524,961.23 0.00 145,404.67 0.00 2,18

45、3,903.58 0.00 146,861.28 0.00 interest expense commission charge and commission expense cash surrender value net amount of expense of compensation netamountof withdrawal of insurance contract reserve bonusexpenseof guarantee slip reinsurance expense operating tax and extras sales expenses 41,994.50

46、administration expenses financial expenses 3,239,103.74 243,862.99 145,389.17 15.50 2,182,908.24 995.34 145,861.28 losses of devaluation of asset add: changing income 7 to items chengde dalu co., ltd. of fair value(loss is listed with “-”) investment income (loss is listed with “-”) including: inves

47、tment first quarterly report 2012(full text) incomeonaffiliated company and joint venture exchange income (loss is listed with “-”) iii. operating profit (loss is listed with “-”) add: non-operating income -3,261,011.23-145,404.67-2,183,903.58 -4,448.77 -146,861.28 -4,448.77 less: expense non-operat

48、ing 54,412.17-2,044.00-2,044.00 including: disposal loss of non-current asset iv. total profit (loss is listed with “-”) -3,315,423.40-145,404.67-2,186,308.35-149,266.05 less: income tax26,137.50 v. net profit (net loss is listed with “-”) -3,341,560.90-145,404.67-2,186,308.35-149,266.05 net profit

49、attributable to owners equity of parent-3,047,149.14-145,404.67-1,933,932.15-149,266.05 company minority shareholders gains and losses vi. earnings per share i. basic earnings per share ii. diluted earnings per share vii. other consolidated income -294,411.76 -0.0043 -0.0043 -252,376.20 -0.003 -0.00

50、3 viii. total consolidated income -3,341,560.90-145,404.67-2,186,308.35-149,266.05 total consolidated income attributable to owners of-3,047,149.14-145,404.67-1,933,932.15-149,266.05 parent company total consolidated income attributableminority-294,411.76-252,376.20 shareholders concerning the enter

51、prise consolidation under common control occurred in the period; the mergered party realized net profit before consolidation amounting to rmb00.00. 4.3 cash flow statement prepared by chengde dalu co., ltd.jan.-mar. 2012unit: rmb i. cash flows arising from operating activities: cash received from am

52、ount in this period consolidation parent company amount in last period consolidation parent company selling commodities and providing labor services 12,734,987.08 net customer increase deposit of and interbank deposit 8 chengde dalu co., ltd. net increase of loan from central bank net increase of ca

53、pital first quarterly report 2012(full text) borrowedfromother financial institution cash received from original insurance contract fee net cash received from reinsurance business net increase of insured savings and investment net increase of disposal of transaction financial asset cashreceivedfrom

54、interest, commission charge and commission net increase of capital borrowed net increase of returned business capital write-backoftax received other cash received concerningoperating15,514.80167,206.16170,365.26170,360.60 activities subtotal of cash inflow arisingfromoperating12,750,501.88167,206.16

55、170,365.26170,360.60 activities cash paid for purchasing commodities and receiving labor service 5,551,500.00 netincreaseof customer loans and advances net increase of deposits in central bank and interbank cash paid for original insurancecontract compensation cash paid for interest, commission char

56、ge and commission cash paid for bonus of guarantee slip cash paid to/for staff and workers taxes paid other cashpaid 504,000.00 1,899,073.5050.00 69,200.0069,200.00 concerningoperating1,657,181.89167,156.1681,046.6081,046.60 activities subtotal of cash outflow arisingfromoperating9,611,755.39167,206.16150,246.60150,246.60 activities net cash flows arising from operating activities 3,138,746.490.0020,118.6620,114.00 9 chengde dalu co., ltd. ii. cash flows arising from investing activities: cash recei