康佳集团股份有限公司 2011 年第一季度季度报告全文
KONKA GROUP CO., LTD.
THE FIRST QUARTERLY REPORT 2011
§1 Important Notes
1.1 The Board of Directors, the Supervisory Committee as well as directors,
supervisors and senior executives of Konka Group Co., Ltd. (hereinafter referred to
as “the Company”) guarantee that this report does not contain any false information,
misleading statement or material omission and will take individual and/or joint
liabilities for the factuality, accuracy and completeness of this report.
1.2 Financial statements for the first quarter of 2011 have not been audited by an
accounting firm.
1.3 Mr. Hou Songrong, the Company principal, Mr. Yang Rong, the head of the accounting
work, and Mr. Ruan Renzong, the principal of the accounting organ (the accounting
principal), hereby confirm that the financial statements enclosed in the quarterly
report is true and complete.
[English translation for reference only. Should there be any discrepancy between the
two versions, the Chinese version shall prevail.]
§2 Company Profile
2.1 Main accounting data and financial indices
Unit: RMB Yuan
31 Mar. 2011 31 Dec. 2010 Increase/decrease
Total assets (Yuan) 16,586,142,965.53 16,466,895,565.00 0.72%
Owners’ equity attributable to
3,910,578,691.17 3,998,647,232.73 -2.20%
shareholders of the Company (Yuan)
Share capital (share) 1,203,972,704.00 1,203,972,704.00 0.00%
Net assets per share attributable to
shareholders of the Company 3.248 3.321 -2.20%
(Yuan/share)
Jan.-Mar. 2011 Jan.-Mar. 2010 Increase/decrease
Gross revenue (Yuan) 3,339,537,004.10 4,266,791,664.59 -21.73%
Net profit attributable to
-76,863,006.20 35,625,229.27 -315.75%
shareholders of the Company (Yuan)
Net cash flows from operating
143,042,023.14 62,308,666.72 129.57%
activities (Yuan)
Net cash flows per share from
0.119 0.052 128.85%
operating activities (Yuan/share)
Basic EPS (Yuan/share) -0.0638 0.0296 -315.54%
Diluted EPS (Yuan/share) -0.0638 0.0296 -315.54%
Weighted average ROA (%) -1.94% 0.91% -2.85%
Weighted average ROA after deducting
-2.26% 0.62% -2.88%
non-recurring gains and losses (%)
Items of non-recurring gains and losses
√Applicable □Inapplicable
Unit: RMB Yuan
Notes (if
Items of non-recurring gains and losses Amount
applicable)
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康佳集团股份有限公司 2011 年第一季度季度报告全文
Gains and losses from disposal of non-current assets -143,644.71
Government subsidies recorded into current gains and losses, excluding
those related closely to the routine business of the Company and
18,273,604.46
continuously enjoyed by the Company at fixed amounts or ratios according
to state policies and regulations
Gains/losses from fair value changes of transactional financial assets
and liabilities held by the Company, and investment gains from disposal
of transactional financial assets and liabilities and financial assets -5,370,646.17
available for sale, excluding effective hedging business related to the
Company’s common operations
Other items of gains and losses in compliance with the definition of non-recurring
2,951,548.93
gains and losses
Minority interests effects -1,967,753.44
Income tax effects -1,322,820.49
Total 12,420,288.58 -
2.2 Total number of shareholders and shares held by the top ten shareholders not
subject to trading moratorium at the end of the reporting period
Unit: share
Total number of shareholders at the
115,886
end of the reporting period
Shares held by the top ten shareholders not subject to trading moratorium
Shares not subject to trading
Full name of shareholder moratorium held at the Type of share
period-end
Domestically listed foreign
HOLY TIME GROUP LIMITED 53,454,049
shares
Overseas Chinese Town Group Corporation 30,372,843 RMB ordinary shares
Domestically listed foreign
GAOLING FUND,L.P. 26,400,625
shares
Domestically listed foreign
NAM NGAI 11,760,720
shares
Domestically listed foreign
BOCI SECURITIES LIMITED 10,053,460
shares
CNCA A/C COMPAGNIE FINANCIERE EDMOND DE Domestically listed foreign
9,999,997
ROTHSCHILD shares
Guangzhou Municipal Engineering
6,028,135 RMB ordinary shares
Supervision Co., Ltd.
Xia Rui 3,800,000 RMB ordinary shares
Domestically listed foreign
YHG INVESTMENT, L.P. 2,967,661
shares
Gan Xiaoyan 2,841,178 RMB ordinary shares
§3 Significant Events
3.1 Significant changes in main accounting statement items and financial indicators
as well as reasons for these changes
√Applicable □Non-applicable
I. In the reporting period, income from main businesses of the Company registered
a year-on-year decrease of 21.73% due to the following reason:
Influenced by the increasingly complicated overall economy condition, macro
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康佳集团股份有限公司 2011 年第一季度季度报告全文
regulation and control of the State, as well as RMB appreciation, the desire of
residents to consume was restrained and the export environment deteriorated in 2011,
which brought about reduction in total sales volume and sales income of main businesses
of the Company, and led to a year-on-year decrease of 21.73% in income of the Company’s
main businesses in the reporting period.
II. In the reporting period, net profit of the Company registered a year-on-year
decrease of 315.75% due to the following reasons:
1. The year-on-year decrease of sales income resulted in a higher expense ratio
and declined profitability.
2. Prices of up-stream LCD panels kept relatively firm, and prices of bulk
materials, including copper, aluminum, steel and petroleum, soared, which resulted
in the rising cost of manufacturing, sustainably dropping retail prices of products,
as well as lower profitability.
III. Monetary funds were up 32.40% as compared to the year-begin, which was mainly
because NDF transactions increased and security deposits increased accordingly.
IV. Long-term borrowings were up19.61% as compared to the year-begin, which was
mainly due to capital needs arising from fixed asset acquisitions, construction in
process and purchases.
V. Business taxes and surcharges were up 545.33% from a year earlier, which was
mainly due to increase of the city maintenance tax that foreign-invested enterprises
were required to pay and the educational surcharges.
VI. Non-business income was up 39.14% from a year earlier, which was mainly due
to new earnings from the tax rebates for embedded software and increase of government
subsidies.
3.2 Progress of significant events as well as their influence and solutions
3.2.1 Non-standard audit opinion
□Applicable √Inapplicable
3.2.2 The Company provides funds for the controlling shareholder or its related
parties or provides external guarantees in violation of the prescribed procedure
□Applicable √Inapplicable
3.2.3 Significant contracts signed and executed concerning routine operation
□Applicable √Inapplicable
3.2.4 Others
√Applicable □Non-applicable
Progress in construction of internal control in the 1st quarter of 2011:
I. The Company set up a leading group and a work group for internal control
construction, as well as a special department of internal control.
(I) The Company set up a leading group with Hou Songrong (chairman of the Board) as
the group leader, Yang Haiying (director and chairman of the Finance and Audit
Committee under the Board) and Chen Yuehua (president) as deputy group leaders, and
other senior executives as members.
(II) The Company set up a work group with Yang Rong (CFO) as the group leader to account
for specific work about implementing internal control standards.
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康佳集团股份有限公司 2011 年第一季度季度报告全文
(III) The Company set up the Internal Control and Risk Management Department to be
responsible for events concerning internal control construction of the Company.
II. The Company conveyed the spirit of documents relating to internal control to the
Board of Directors, the Supervisory Committee, as well as senior and medium executives
of the Company.
III. The Company convened the Meeting of Mobilizing Construction Promotion of Internal
Control to intensify the efforts of publicity and education for standardizing internal
control of the Company.
IV. The Company engaged Shenzhen Dezhirui Enterprise Management Consultation Co., Ltd.
as the advisory organ for internal control of the Company.
V. In consideration of the convenience of audit, the Company initially decided to
engage RSM China Certified Public Accountants to account for internal control audit
for the Company in 2011. The above item is to be submitted to the Board Session and
Shareholders’ General Meeting for deliberation.
VI. The Company has compiled Work Plan for Implementing Internal Control.
3.3 Commitments made by the Company, its shareholders and actual controller
Commitments made by the Company, its directors, supervisors, senior executives,
shareholders holding over 5% of the Company’s shares, actual controller and other
related parties in the reporting period, or such commitments carried down into the
reporting period
√Applicable □Inapplicable
Commitments Covenanter Description Execution
(1) To promise that non-tradable shares of
Konka Group held by it will not get listed
or transferred within 24 months since the
day it acquires the right of listing and
trading in A share market.
Up to now, there are no
OCT Group (2) At the expiration of the previously
Share Reform Commitment shares subject to moratorium
Corporation mentioned period, original non-tradable
listed or Transferred.
shares of Konka Group traded through
listing at Stock Exchange will not exceed
5% of total shares of Konka Group within
12 months and not exceed 10% within 24
months.
Commitments made in
acquisition report or report None None None
on changes in equity
Commitments made in of
significant assets None None None
reorganization
Commitments made upon
None None None
issuance of shares
Other commitments (additional
None None None
commitments)
3.4 Warnings of possible loss or large-margin year-on-year change of the accumulative
net profit made during the period from the beginning of the year to the end of the
next reporting period according to prediction, as well as explanations on the reasons
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康佳集团股份有限公司 2011 年第一季度季度报告全文
□Applicable √Inapplicable
3.5 Other significant events
3.5.1 Securities investments
□Applicable √Inapplicable
3.5.2 Researches, interviews and visits received in the reporting period
Main discussion and
Time Place Way of reception Visitor information provided by the
Company
Development tendency of color TV
Conference room of the BOC International
5 Jan. 2011 Field research industry in 2011, and market
Company (China) Limited
situation of color TV business
Market situation of color TV
Conference room of the business, mobile phone business,
17 Feb. 2011 Field research Fortune SG Fund
Company and consumer appliance business,
and export information of Y2010
Conference room of the Sales channel of TV in countryside,
22 Feb. 2011 Field research CITIC Securities
Company and sales prospect of 3D TV
Market competition of color TV
Conference room of the Industrial
15 Mar. 2011 Field research business, and commissioning of LCM
Company Securities
project
3.6 Derivative investments
√Applicable □Inapplicable
When the Company operated every NDF portfolio, yield to
maturity is fixed and there is no risk.
Main risks of NDF portfolio are as follows:
1. Risk from closing of bank pledged deposit, in case the bank
close downs, the pledged deposit is probably hard to call back
in full.
Analysis on risks and control measures of derivative
products held in the report period (including but not 2. Risk from foreign bank operated NDF portfolio being closed.
limited to market risk, liquidity risk, credit risk, In case the foreign bank closes down, it is not possible to
operation risk, law risk, etc.) receive income from NDF portfolio.
The Company always chooses large-sized bank similar as Bank
of China to cooperate to start NDF portfolio. Theses banks
chosen by the Company operated stably and healthily with good
assets and credit, the probability of closing was small. It
is basically out of consideration of loss from closing brought
to the Company
Changes of market prices or fair values in the report
period of the invested derivatives. And the analysis
Yield to maturity of NDF portfolio business operated by the
on the fair value of the derivatives should include
Company is fixed and there is no change in fair value.
the specific use methods and the relevant
assumptions and parameters.
Whether significant changes occurred to the Up to the public notice date, there is no special accounting
Company’s accounting policy and specific method for NDF portfolio business and accounting principle was
accounting principles of derivatives in the report in accordance with Accounting Standards for Business
period compared to the previous report period Enterprises.
Independent directors of the Company considered that NDF
portfolio business is good for benefit from fluctuation of rate
Specific opinion from independent directors,
of RMB and get fixed income without risks, so it is necessary
sponsors or financial consultants on the Company’s
at some certain. The Company is gradually perfecting internal
derivatives investment and risk control
control for investment on derivative products, and it is
feasible to adopted directed measures for risk control.
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康佳集团股份有限公司 2011 年第一季度季度报告全文
3.6.1 Derivative investments held at the end of the reporting period
√Applicable □Inapplicable
Unit: RMB Yuan
Proportion of the
closing contract
Gain or loss in
Opening contract Closing contract amount in the
Type of contract the reporting
amount amount closing net
period
assets of the
Company
NDF portfolio business 3,730,957,365.86 4,179,146,301.79 7,094,223.92 106.87%
Total 3,730,957,365.86 4,179,146,301.79 7,094,223.92 106.87%
§4 Attachments
4.1 Balance sheet
Prepared by Konka Group Co., Ltd. 31 Mar. 2011 Unit: RMB Yuan
Closing balance Opening balance
Items
Consolidation The Company Consolidation The Company
Current Assets:
Monetary funds 4,983,920,088.20 4,283,639,598.19 3,764,409,203.04 3,409,946,242.24
Settlement reserves
Lendings to banks and other
financial institutions
Transactional financial
assets
Notes receivable 4,212,264,075.39 3,971,787,163.31 4,149,313,159.56 4,068,533,543.35
Accounts receivable 1,487,429,731.81 919,374,606.11 1,971,135,371.91 1,312,217,694.50
Accounts paid in advance 409,591,202.26 234,829,714.75 446,971,672.32 347,600,391.31
Premiums receivable
Reinsurance premiums
receivable
Receivable reinsurance
contract reserves
Interest receivable 17,063,270.59 17,047,558.92 25,298,029.66 24,924,331.91
Dividend receivable
Other accounts receivable 100,713,004.68 739,622,457.59 92,135,651.57 574,826,602.17
Financial assets purchased
under agreements to resell
Inventories 3,038,923,249.83 2,211,661,636.56 3,723,636,130.09 2,974,345,102.16
Non-current assets due
within 1 year
Other current assets
Total current assets 14,249,904,622.76 12,377,962,735.43 14,172,899,218.15 12,712,393,907.64
Non-current assets:
Entrusted loans and
advances granted
Available-for-sale
1,885,734.06 1,885,734.06 1,830,598.36 1,830,598.36
financial assets
Held-to-maturity
investments
Long-term accounts
receivable
Long-term equity 113,754,190.13 1,653,402,169.87 113,754,190.13 1,653,402,169.87
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康佳集团股份有限公司 2011 年第一季度季度报告全文
investment
Investing property
Fixed assets 1,528,148,802.84 370,562,550.19 1,488,368,667.79 375,450,201.99
Construction in progress 225,260,042.63 164,691,027.92 231,508,246.34 149,152,895.63
Engineering materials
Disposal of fixed assets
Production biological
assets
Oil-gas assets
Intangible assets 199,118,613.53 26,275,830.51 191,483,451.66 18,318,487.30
R&D expense
Goodwill 3,943,671.53 3,943,671.53
Long-term deferred
12,060,601.70 4,708,308.95 11,480,636.02 4,206,829.66
expenses
Deferred income tax assets 252,066,686.35 193,317,838.67 251,626,885.02 193,331,071.24
Other non-current assets
Total of non-current assets 2,336,238,342.77 2,414,843,460.17 2,293,996,346.85 2,395,692,254.05
Total assets 16,586,142,965.53 14,792,806,195.60 16,466,895,565.00 15,108,086,161.69
Current liabilities:
Short-term borrowings 6,451,078,871.53 4,781,428,677.94 5,917,298,397.16 4,777,121,394.26
Borrowings from Central
Bank
Customer bank deposits and
due to banks and other
financial institutions
Borrowings from banks and
other financial institutions
Transactional financial
54,995,754.61 54,645,104.27 64,957,121.86 64,606,471.52
liabilities
Notes payable 1,879,988,901.06 1,516,297,447.57 2,031,883,915.56 1,788,018,888.54
Accounts payable 2,116,964,362.98 1,581,538,990.64 2,390,131,711.56 2,039,562,054.50
Accounts received in
238,655,055.87 1,158,428,152.92 316,613,909.66 973,828,552.00
advance
Financial assets sold for
repurchase
Handling charges and
commissions payable
Employee’s compensation
171,880,619.54 70,002,256.61 218,113,645.42 82,383,027.98
payable
Tax payable -141,962,164.54 -100,001,748.19 -170,794,740.44 -148,912,324.33
Interest payable 18,638,616.40 18,505,027.42 26,751,070.30 25,983,184.76
Dividend payable 7,976,122.23 7,976,122.23
Other accounts payable 907,959,422.33 1,352,948,924.02 798,367,146.17 1,127,044,568.53
Reinsurance premiums
payable
Insurance contract
reserves
Payables for acting trading
of securities
Payables for acting
underwriting of securities
Non-current liabilities
due within 1 year
Other current liabilities
Total current liabilities 11,706,175,562.01 10,433,792,833.20 11,601,298,299.48 10,729,635,817.76
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康佳集团股份有限公司 2011 年第一季度季度报告全文
Non-current liabilities:
Long-term borrowings 610,000,000.00 600,000,000.00 510,000,000.00 500,000,000.00
Bonds payable
Long-term payables 30,000,000.00 30,000,000.00
Specific payables
Estimated liabilities
Deferred income tax
563,067.21 563,067.21
liabilities
Other non-current
101,800,253.51 65,493,757.54 100,896,753.51 65,493,757.54
liabilities
Total non-current
742,363,320.72 665,493,757.54 641,459,820.72 565,493,757.54
liabilities
Total liabilities 12,448,538,882.73 11,099,286,590.74 12,242,758,120.20 11,295,129,575.30
Owners’ equity (or
shareholders’ equity)
Paid-up capital (or share
1,203,972,704.00 1,203,972,704.00 1,203,972,704.00 1,203,972,704.00
capital)
Capital reserves 1,272,281,590.25 1,249,151,423.67 1,272,239,687.12 1,249,109,520.54
Less: Treasury stock
Specific reserves
Surplus reserves 809,307,995.80 809,307,995.80 809,307,995.80 809,307,995.80
Provisions for general
risks
Retained profits 619,883,291.55 431,087,481.39 696,746,297.76 550,566,366.05
Foreign exchange
5,133,109.57 16,380,548.05
difference
Total equity attributable to
3,910,578,691.17 3,693,519,604.86 3,998,647,232.73 3,812,956,586.39
owners of the Company
Minority interests 227,025,391.63 225,490,212.07
Total owners’ equity 4,137,604,082.80 3,693,519,604.86 4,224,137,444.80 3,812,956,586.39
Total liabilities and
16,586,142,965.53 14,792,806,195.60 16,466,895,565.00 15,108,086,161.69
owners’ equity
4.2 Income statement
Prepared by Konka Group Co., Ltd. Jan.-Mar. 2011 Unit: RMB Yuan
Jan.-Mar. 2011 Jan.-Mar. 2010
Items
Consolidation The Company Consolidation The Company
I. Total operating revenues 3,339,537,004.10 3,110,306,608.28 4,266,791,664.59 4,057,208,187.95
Including: Sales income 3,339,537,004.10 3,110,306,608.28 4,266,791,664.59 4,057,208,187.95
Interest income
Premium income
Handling charge and
commission income
II. Total operating cost 3,437,957,471.63 3,239,843,443.30 4,230,971,313.37 4,079,360,937.60
Including: Cost of sales 2,817,755,664.56 2,742,765,265.01 3,631,933,127.27 3,605,806,531.86
Interest expenses
Handling charge and
commission expenses
Surrenders
Net claims paid
Net amount withdrawn
for the insurance contract
reserve
Expenditure on policy
dividends
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康佳集团股份有限公司 2011 年第一季度季度报告全文
Reinsurance premium
Taxes and associate
6,007,313.19 4,773,737.83 930,892.10 224,064.47
charges
Selling and
483,483,090.52 373,504,088.52 460,555,582.14 387,981,203.70
distribution expenses
Administrative
118,285,256.99 114,192,647.52 121,238,958.23 72,609,369.19
expenses
Financial expenses 12,427,199.37 4,607,704.42 22,162,244.21 19,554,612.11
Asset impairment loss -1,053.00 -5,849,490.58 -6,814,843.73
Add: Gain/(loss) from change
in fair value ( “ - ” means 8,440,753.40 8,440,753.40 985,330.00 985,330.00
loss)
Gain/(loss) from
10,529.35 10,529.35
investment (“-” means loss)
Including: share of profits
in associates and joint
ventures
Foreign exchange gains (“-”
means loss)
III. Business profit (“-”
-89,979,714.13 -121,096,081.62 36,816,210.57 -21,156,890.30
means loss)
Add: non-operating
21,735,865.80 2,825,912.12 15,621,101.47 13,303,772.47
income
Less: non-operating
654,357.12 202,396.85 2,321,471.62 339,448.58
expense
Including: loss from
143,644.71 136,573.38 1,704,521.45 112,753.59
non-current asset disposal
IV. Total profit (“-” means
-68,898,205.45 -118,472,566.35 50,115,840.42 -8,192,566.41
loss)
Less: Income tax expense 6,429,621.19 1,006,318.31 10,299,651.96 2,994,487.15
V. Net profit ( “ - ” means
-75,327,826.64 -119,478,884.66 39,816,188.46 -11,187,053.56
loss)
Attributable to owners of
-76,863,006.20 -119,478,884.66 35,625,229.27 -11,187,053.56
the Company
Minority shareholders’
1,535,179.56 4,190,959.19
income
VI. Earnings per share
(I) basic earnings per
-0.0638 -0.0992 0.0296 -0.0093
share
(II) diluted earnings per
-0.0638 -0.0992 0.0296 -0.0093
share
Ⅶ . Other comprehensive
-11,205,535.35 41,903.13 4,383,088.36 -119,867.36
incomes
Ⅷ . Total comprehensive
-86,533,361.99 -119,436,981.53 44,199,276.82 -11,306,920.92
incomes
Attributable to owners of
-88,068,541.55 -119,436,981.53 40,008,317.63 -11,306,920.92
the Company
Attributable to minority
1,535,179.56 0.00 4,190,959.19 0.00
shareholders
Where there were business combinations under the same control in the reporting period,
the combined parties achieved net profits of RMB 0.00 before the combinations.
4.3 Cash flow statement
Prepared by Konka Group Co., Ltd. Jan.-Mar. 2011 Unit: RMB Yuan
Jan.-Mar. 2011 Jan.-Mar. 2010
Items
Consolidation The Company Consolidation The Company
I. Cash flows from operating
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康佳集团股份有限公司 2011 年第一季度季度报告全文
activities:
Cash received from sale of
commodities and rendering of 3,721,462,877.73 3,573,090,472.43 4,720,978,879.59 3,968,062,175.85
service
Net increase of deposits
from customers and dues from
banks
Net increase of loans from
the central bank
Net increase of funds
borrowed from other financial
institutions
Cash received from premium
of original insurance
contracts
Net cash received from
reinsurance business
Net increase of deposits of
policy holders and investment
fund
Net increase of disposal of
tradable financial assets
Cash received from
interest, handling charges
and commissions
Net increase of borrowings
from banks and other
financial institutions
Net increase of funds in
repurchase business
Tax refunds received 45,877,507.67 363,019.79 65,799,521.84 9,037,696.26
Other cash received
relating to operating 149,153,592.68 13,718,680.31 98,402,884.47 241,162,937.17
activities
Subtotal of cash inflows from
3,916,493,978.08 3,587,172,172.53 4,885,181,285.90 4,218,262,809.28
operating activities
Cash paid for goods and
2,785,013,363.54 3,136,831,594.09 3,753,815,185.01 3,410,254,933.72
services
Net increase of customer
lendings and advances
Net increase of funds
deposited in the central bank
and amount due from banks
Cash for paying claims of
the original insurance
contracts
Cash for paying interest,
handling charges and
commissions
Cash for paying policy
dividends
Cash paid to and for
322,333,116.69 173,368,382.62 303,976,986.43 171,755,451.45
employees
Various taxes paid 251,782,069.26 186,717,371.99 439,190,665.59 352,953,464.00
Other cash payment relating
414,323,405.45 218,610,286.46 325,889,782.15 290,804,472.03
to operating activities
Subtotal of cash outflows
3,773,451,954.94 3,715,527,635.16 4,822,872,619.18 4,225,768,321.20
from operating activities
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康佳集团股份有限公司 2011 年第一季度季度报告全文
Net cash flows from operating
143,042,023.14 -128,355,462.63 62,308,666.72 -7,505,511.92
activities
II. Cash flows from investing
activities:
Cash received from disposal
95,940.00 95,940.00
of investments
Cash received from return
10,529.35 10,529.35
on investments
Net cash received from
disposal of fixed assets,
19,668.97 13,838.97 22,271,191.54 20,731,311.54
intangible assets and other
long-term assets
Net cash received from
disposal of subsidiaries or
other business units
Other cash received
relating to investing 13,640,000.00
activities
Subtotal of cash
inflows from investing 19,668.97 13,838.97 36,017,660.89 20,837,780.89
activities
Cash paid to acquire fixed
assets, intangible assets and 85,806,812.16 20,238,793.48 53,138,753.62 16,682,803.38
other long-term assets
Cash paid for investment 10,000,000.00
Net increase of pledged
loans
Net cash paid to acquire
subsidiaries and other
business units
Other cash payments
relating to investing
activities
Subtotal of cash outflows
85,806,812.16 20,238,793.48 53,138,753.62 26,682,803.38
from investing activities
Net cash flows from investing
-85,787,143.19 -20,224,954.51 -17,121,092.73 -5,845,022.49
activities
III. Cash flows from
financing activities:
Cash received from capital
contributions
Including: Cash received
from minority shareholder
investments by subsidiaries
Cash received from
2,006,423,470.26 1,595,848,027.04 453,343,192.74 376,230,000.00
borrowings
Cash received from
issuance of bonds
Other cash received
relating to financing 577,723,942.05 556,741,628.55 50,710,818.47 50,680,356.17
activities
Subtotal of cash inflows from
2,584,147,412.31 2,152,589,655.59 504,054,011.21 426,910,356.17
financing activities
Repayment of borrowings 766,955,668.57 563,143,668.29 76,033,174.10 34,206,000.00
Cash paid for interest
expenses and distribution of 18,481,017.71 16,906,835.84 1,173,792.71 1,139,872.98
dividends or profit
Including: dividends or
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康佳集团股份有限公司 2011 年第一季度季度报告全文
profit paid by subsidiaries
to minority shareholders
Other cash payments
relating to financing 1,088,468,656.07 987,545,936.53 396,763,432.50 376,230,000.00
activities
Sub-total of cash outflows
1,873,905,342.35 1,567,596,440.66 473,970,399.31 411,575,872.98
from financing activities
Net cash flows from financing
710,242,069.96 584,993,214.93 30,083,611.90 15,334,483.19
activities
IV. Effect of foreign
exchange rate changes on cash -2,229,803.47 -1,171,711.11 -2,546,700.56 -2,665,106.35
and cash equivalents
V. Net increase in cash and
765,267,146.44 435,241,086.68 72,724,485.33 -681,157.57
cash equivalents
Add: Cash and cash
equivalents at the 569,524,994.01 255,364,835.76 749,501,416.29 341,440,119.99
period-begin
VI. Cash and cash equivalents
1,334,792,140.45 690,605,922.44 822,225,901.62 340,758,962.42
at the period-end
4.4 Auditor’s report
Auditor’s opinion: un-audited
Board of Directors
Konka Group Co., Ltd.
28 Apr. 2011
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