KONKA GROUP CO., LTD.
THE FIRST QUARTERLY REPORT 2012
§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 2012 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. Xu Youshan, 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. 2012 31 Dec. 2011 Increase/decrease
Total assets (Yuan) 17,046,289,010.29 16,906,453,313.31 0.83%
Owners’ equity attributable to
4,013,792,626.26 4,009,723,963.82 0.10%
shareholders of the Company (Yuan)
Total 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 3.3338 3.3304 0.10%
(Yuan/share)
Jan.-Mar. 2012 Jan.-Mar. 2011 Increase/decrease
Gross revenue (Yuan) 3,475,554,057.18 3,339,537,004.10 4.07%
Net profit attributable to
10,370,754.57 -76,863,006.20 113.22%
shareholders of the Company (Yuan)
Net cash flows from operating
457,733,199.56 143,042,023.14 220.00%
activities (Yuan)
Net cash flows per share from
0.3802 0.1188 220.03%
operating activities (Yuan/share)
Basic EPS (Yuan/share) 0.0086 -0.0638 113.17%
Diluted EPS (Yuan/share) 0.0086 -0.0638 113.17%
Weighted average ROE (%) 0.26% -1.94% 2.20%
Weighted average ROE after deducting
-0.64% -2.26% 1.62%
non-recurring gains and losses (%)
Items of non-recurring gains and losses
√Applicable □Inapplicable
Unit: RMB Yuan
Amount from 1 Jan. 2012 Notes (if
Items of non-recurring gains and losses
to 31 Mar. 2012 applicable)
Gains and losses from disposal of non-current assets 8,722,180.15
Government subsidies recorded into current gains and
losses, excluding those related closely to the routine 5,752,001.99
business of the Company and continuously enjoyed by the
1
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
20,938,470.43
financial assets and liabilities and financial assets
available for sale, excluding effective hedging
business related to the Company’s common operations
Other non-operating incomes and expenses 9,337,955.00
Effect on income tax -8,290,299.13
Effect on minority interests -256,800.30
Total 36,203,508.14 -
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 end of
103,562
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 57,250,000
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 11,760,520
shares
Bank of China-Pingan UOB Industry
9,616,350 RMB ordinary shares
Pioneer Fund
CITIC Securities Co., Ltd. 7,010,208 RMB ordinary shares
Industrial Bank of China-China AMC
7,000,000 RMB ordinary shares
Stable Growth Mixed Type Fund
Xia Rui 5,006,500 RMB ordinary shares
Li Yichao 4,080,781 RMB ordinary shares
Lv Zhitang 3,403,509 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. For the reporting period, the operating revenues of the Company increased 4.07%
over the same period of last year, and net profit attributable to owners of the
Company increased 113.22% on a year-on-year basis. In terms of the color TV business
in the reporting period, the Company increased operating efficiency, expanded
markets and optimized the product structure. As a result, when compared with the
same period of last year, the sales income of the color TV business for the reporting
period grew steadily with a better profitability.
II. Prepayments decreased 55.18% from a year earlier mainly because Kunshan
Kangsheng obtained the land use certificate and the land prepayment by it was carried
forward to development cost.
III. Transactional financial liabilities decreased 90.63% on a year-on-year basis
2
mainly because NDF contracts were settled upon maturity and gains/losses on fair
value changes were recognized.
IV. Interest payable increased 41.77% on a year-on-year basis mainly because the
Company obtained short-term financing such as overseas payments for the Company.
V. Long-term borrowings increased 65.57% on a year-on-year basis mainly because the
Company secured an entrustment loan from OCT Group.
VI. Financial expense increased 419.40% on a year-on-year business mainly because
of higher interest expense due to increased short-term financing and higher loss
on exchange rate fluctuations.
VII. Non-operating income increased 165.23% on a year-on-year business mainly
because the Company received more software tax rebates.
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
In accordance with requirements of Notice on Doing Well Pilot Work on Internal Control
Standards in Listed Companies of Shenzhen Area (SZJGSZ [2011]No.31) issued by Shenzhen
SRC, the Company was listed as one of the key experimental enterprises. In line with
requirements of the notice, the Company promptly deployed to carry out relevant work on
internal control standards and submitted the progress of internal control to Shenzhen SRC
according to requirements.
During the reporting period, details of the accomplishment of construction work of internal
control are as follows:
1. In accordance with the work plan on the self-appraisal phase for internal control, the
Company completed the rectification work on internal control defects discovered in the
self-appraisal phase.
2. RSM China Certified Public Accountants Co., Ltd. audited the internal control in 2011
for the Company.
3. The Internal Audit Department of the Company made the 2011 Annual Self-appraisal Report
on Internal Control.
4. The Company conducted the work on combing procedures, identifying risks, promulgating
internal control work sheet, finding defects and reporting defects, etc. in the Digital
Network Division.
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 Up to now, there
Konka Group held by it will not get listed are no shares
Share Reform OCT Group
or transferred within 24 months since the subject to
Commitment Corporation
day it acquires the right of listing and moratorium
trading in A share market. listed or
3
(2) At the expiration of the previously transferred.
mentioned period, original non-tradable
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
None None None
report 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
□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
Type of Content of discussion and
Time Place Method Visitor
visitor materials provided
Conference Development trend of color TV
Field Chongyang
6 Feb. 2012 room of the Institution industry in 2012 and the
research Investment
Company export of color TV
The future development trend
Conference of color TV industry, the
Field Zexi
21 Feb. 2012 room of the Institution trend for the price of panel
research Investment
Company and the competitive structure
of intelligent TV
Ping An UOB The development trend of color
Conference
Field Fund TV in 2012, the development
24 Feb. 2012 room of the Institution
research Management prospect of 3D TV and
Company
Co., Ltd. intelligent TV.
Conference
Field Founder The competitive structure of
5 Mar. 2012 room of the Institution
research Securities intelligent TV
Company
The products structure of
color TV, the trend for the
Conference China
Field price of panel in 2012, the
20 Mar. 2012 room of the Institution Merchants
research development trend of color TV,
Company Securities
consumer appliance and mobile
phone business in 2012
3.6 Derivative investments
√Applicable □Inapplicable
Analysis on risks and control measures of When the Company operated every NDF portfolio,
derivative products held in the reporting yield to maturity is fixed and there is no risk.
4
period (including but not limited to market Main risks of NDF portfolio are as follows:
risk, liquidity risk, credit risk, operation 1. Risk from closing of bank pledged deposit, in
risk, law risk, etc.) case the bank close downs, the pledged deposit is
probably hard to call back in full.
2. Risk from foreign bank operated NDF portfolio
being closed. In case the foreign bank closes
down, it is not possible to 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
reporting period of the invested derivatives.
Yield to maturity of NDF portfolio business
And the analysis on the fair value of the
operated by the Company is fixed and there is no
derivatives should include the specific use
change in fair value.
methods and the relevant assumptions and
parameters.
Whether significant changes occurred to the
Up to the public notice date, there is no special
Company’s accounting policy and specific
accounting method for NDF portfolio business and
accounting principles of derivatives in the
accounting principle was in accordance with
reporting period compared to the previous
Accounting Standards for Business Enterprises.
reporting period
Independent directors of the Company considered
that NDF portfolio business is good for benefit
from fluctuation of rate of RMB and get fixed
Specific opinion from independent directors
income without risks, so it is necessary at some
on the Company’s derivatives investment and
certain. The Company is gradually perfecting
risk control
internal control for investment on derivative
products, and it is feasible to adopted directed
measures for risk control.
3.6.1 Derivative investments held at the end of the reporting period
√Applicable □Inapplicable
Unit: RMB Yuan
Proportion of
the closing
Opening contract Closing contract Gain or loss in the contract amount
Type of contract
amount amount reporting period in the closing
net assets of the
Company
NDF portfolio
2,155,905,808.20 1,732,688,917.27 14,216,690.09 43.17%
business
Total 2,155,905,808.20 1,732,688,917.27 14,216,690.09 43.17%
§4 Attachments
4.1 Balance sheet
Prepared by Konka Group Co., Ltd. 31 Mar. 2012 Unit: RMB Yuan
Closing balance Opening balance
Items
Consolidation The Company Consolidation The Company
Current Assets:
Monetary funds 3,903,347,061.81 3,357,115,223.68 2,701,892,431.70 2,197,167,892.05
Settlement reserves
Lendings to banks and other
financial institutions
5
Transactional financial
assets
Notes receivable 4,122,095,654.75 3,927,366,303.44 4,865,963,486.09 4,731,536,936.35
Accounts receivable 1,765,098,596.79 858,492,717.65 1,893,039,292.61 1,272,793,163.17
Accounts paid in advance 257,452,434.95 179,128,207.63 574,363,453.07 115,891,757.12
Premiums receivable
Reinsurance premiums
receivable
Receivable reinsurance
contract reserves
Interest receivable 49,018,099.40 49,351,292.76 43,626,559.44 42,999,483.89
Dividend receivable
Other accounts receivable 86,840,067.72 598,194,178.81 134,333,284.70 590,667,690.98
Financial assets purchased
under agreements to resell
Inventories 3,168,013,978.83 2,098,399,970.02 2,829,591,759.41 2,090,143,386.96
Non-current assets due
within 1 year
Other current assets 749,620,000.00 749,620,000.00 911,000,000.00 859,000,000.00
Total current assets 14,101,485,894.25 11,817,667,893.99 13,953,810,267.02 11,900,200,310.52
Non-current assets:
Entrusted loans and
advances granted
Available-for-sale
4,003,126.80 4,003,126.80 6,408,065.70 6,408,065.70
financial assets
Held-to-maturity
350,000,000.00 350,000,000.00
investments
Long-term accounts
receivable
Long-term equity
271,188,014.48 1,492,617,169.87 271,188,014.48 1,492,617,169.87
investment
Investing property 239,748,819.36 239,748,819.36 241,105,035.18 241,105,035.18
Fixed assets 1,749,153,623.41 565,349,489.95 1,779,259,823.65 581,214,987.66
Construction in progress 148,531,143.33 8,915,744.66 118,905,008.92 6,056,730.30
Engineering materials
Disposal of fixed assets
Production biological
assets
Oil-gas assets
Intangible assets 192,630,567.69 24,829,579.95 194,383,622.95 25,294,452.23
R&D expense
Goodwill 3,943,671.53 3,943,671.53
Long-term deferred
8,094,049.22 3,261,304.57 10,152,203.66 3,796,432.62
expenses
Deferred income tax assets 327,510,100.22 249,969,054.62 327,297,600.22 249,756,554.62
Other non-current assets
Total of non-current assets 2,944,803,116.04 2,938,694,289.78 2,952,643,046.29 2,956,249,428.18
Total assets 17,046,289,010.29 14,756,362,183.77 16,906,453,313.31 14,856,449,738.70
Current liabilities:
Short-term borrowings 7,066,166,059.54 2,873,505,048.58 6,835,265,235.56 2,198,202,318.15
Borrowings from Central
Bank
Customer bank deposits and
due to banks and other
financial institutions
Borrowings from banks and
other financial institutions
Transactional financial
2,071,918.59 2,071,918.59 22,101,173.97 21,760,628.97
liabilities
Notes payable 738,901,683.35 438,575,230.54 799,094,173.72 519,958,870.11
Accounts payable 2,374,284,390.16 2,806,752,974.16 2,530,352,186.42 4,033,093,915.06
Accounts received in
274,029,946.47 2,871,551,754.49 349,544,262.93 2,472,654,742.04
advance
Financial assets sold for
repurchase
Handling charges and
commissions payable
6
Employee’s compensation
184,619,428.68 101,448,859.20 267,353,845.13 134,487,974.49
payable
Tax payable -57,273,529.82 -55,479,210.64 33,174,908.08 43,998,499.95
Interest payable 37,492,666.65 35,132,816.58 26,446,960.89 24,313,785.67
Dividend payable
Other accounts payable 1,010,970,861.25 969,964,994.73 1,029,139,182.06 1,078,512,870.69
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 11,631,263,424.87 10,043,524,386.23 11,892,471,928.76 10,526,983,605.13
Non-current liabilities:
Long-term borrowings 1,010,000,000.00 1,000,000,000.00 610,000,000.00 600,000,000.00
Bonds payable
Long-term payables 30,000,000.00 30,000,000.00
Specific payables
Estimated liabilities 20,163,356.00 20,163,356.00
Deferred income tax
860,192.03 297,124.82 1,370,569.08 807,501.87
liabilities
Other non-current
113,172,802.25 73,736,762.52 115,820,202.99 74,177,633.26
liabilities
Total non-current
1,174,196,350.28 1,074,033,887.34 777,354,128.07 674,985,135.13
liabilities
Total liabilities 12,805,459,775.15 11,117,558,273.57 12,669,826,056.83 11,201,968,740.26
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 1,274,155,131.06 1,251,024,964.48 1,275,686,262.22 1,252,556,095.64
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 720,027,358.35 374,498,245.92 709,679,408.84 388,644,203.00
Foreign exchange
6,329,437.05 11,077,592.96
difference
Total equity attributable to
4,013,792,626.26 3,638,803,910.20 4,009,723,963.82 3,654,480,998.44
owners of the Company
Minority interests 227,036,608.88 226,903,292.66
Total owners’ equity 4,240,829,235.14 3,638,803,910.20 4,236,627,256.48 3,654,480,998.44
Total liabilities and
17,046,289,010.29 14,756,362,183.77 16,906,453,313.31 14,856,449,738.70
owners’ equity
4.2 Income statement
Prepared by Konka Group Co., Ltd. Jan.-Mar. 2012 Unit: RMB Yuan
Jan.-Mar. 2012 Jan.-Mar. 2011
Items
Consolidation The Company Consolidation The Company
I. Total operating revenues 3,475,554,057.18 3,356,078,015.41 3,339,537,004.10 3,110,306,608.28
Including: Sales income 3,475,554,057.18 3,356,078,015.41 3,339,537,004.10 3,110,306,608.28
Interest income
Premium income
Handling charge and
commission income
II. Total operating cost 3,530,446,995.60 3,426,245,829.44 3,437,957,471.63 3,239,843,443.30
Including: Cost of sales 2,800,611,736.69 2,876,323,836.87 2,817,755,664.56 2,742,765,265.01
Interest expenses
Handling charge and
7
commission expenses
Surrenders
Net claims paid
Net amount withdrawn
for the insurance contract
reserve
Expenditure on policy
dividends
Reinsurance premium
Taxes and associate charges 13,757,782.97 9,467,474.12 6,007,313.19 4,773,737.83
Selling and distribution
506,418,824.29 420,508,296.52 483,483,090.52 373,504,088.52
expenses
Administrative expenses 144,258,827.24 105,609,519.06 118,285,256.99 114,192,647.52
Financial expenses 64,546,588.49 13,486,702.87 12,427,199.37 4,607,704.42
Asset impairment loss 853,235.92 850,000.00 -1,053.00
Add: Gain/(loss) from change
in fair value ( “ - ” means 19,186,950.45 18,846,405.45 8,440,753.40 8,440,753.40
loss)
Gain/(loss) from investment
2,092,064.98 2,092,064.98
(“-” means loss)
Including: share of profits
in associates and joint
ventures
Foreign exchange gains (“-”
means loss)
III. Business profit (“-”
-33,613,922.99 -49,229,343.60 -89,979,714.13 -121,096,081.62
means loss)
Add: non-operating income 57,650,031.91 35,214,421.55 21,735,865.80 2,825,912.12
Less: non-operating expense 568,851.69 338,992.61 654,357.12 202,396.85
Including: loss from
143,626.23 178,307.51 143,644.71 136,573.38
non-current asset disposal
IV. Total profit (“-” means
23,467,257.23 -14,353,914.66 -68,898,205.45 -118,472,566.35
loss)
Less: Income tax expense 12,963,186.44 -207,957.57 6,429,621.19 1,006,318.31
V. Net profit ( “ - ” means
10,504,070.79 -14,145,957.09 -75,327,826.64 -119,478,884.66
loss)
Attributable to owners of the
10,370,754.57 -14,145,957.09 -76,863,006.20 -119,478,884.66
Company
Minority shareholders’
133,316.22 1,535,179.56
gains and losses
VI. Earnings per share
(I) basic earnings per share 0.0086 -0.0638 -0.0992
(II) diluted earnings per
0.0086 -0.0638 -0.0992
share
Ⅶ . Other comprehensive
-6,279,287.07 -1,531,131.16 -11,205,535.35 41,903.13
incomes
Ⅷ . Total comprehensive
4,224,783.72 -15,677,088.25 -86,533,361.99 -119,436,981.53
incomes
Attributable to owners of
4,091,467.50 -15,677,088.25 -88,068,541.55 -119,436,981.53
the Company
Attributable to minority
133,316.22 0.00 1,535,179.56 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. 2012 Unit: RMB Yuan
Jan.-Mar. 2012 Jan.-Mar. 2011
Items
Consolidation The Company Consolidation The Company
I. Cash flows from operating
activities:
Cash received from sale of
4,097,907,547.51 4,054,373,519.35 3,721,462,877.73 3,573,090,472.43
commodities and rendering of
8
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 109,541,936.03 55,623,027.95 45,877,507.67 363,019.79
Other cash received relating
63,594,123.98 46,823,419.66 149,153,592.68 13,718,680.31
to operating activities
Subtotal of cash inflows from
4,271,043,607.52 4,156,819,966.96 3,916,493,978.08 3,587,172,172.53
operating activities
Cash paid for goods and
2,632,971,449.14 2,505,823,818.31 2,785,013,363.54 3,136,831,594.09
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
397,827,072.51 225,741,515.96 322,333,116.69 173,368,382.62
employees
Various taxes paid 493,397,477.46 405,019,365.09 251,782,069.26 186,717,371.99
Other cash payment relating
289,114,408.85 218,674,615.27 414,323,405.45 218,610,286.46
to operating activities
Subtotal of cash outflows from
3,813,310,407.96 3,355,259,314.63 3,773,451,954.94 3,715,527,635.16
operating activities
Net cash flows from operating
457,733,199.56 801,560,652.33 143,042,023.14 -128,355,462.63
activities
II. Cash flows from investing
activities:
Cash received from disposal
363,430.69 363,430.69
of investments
Cash received from return on
2,092,066.31 7,895,844.08
investments
Net cash received from
disposal of fixed assets,
14,868,982.30 14,769,772.30 19,668.97 13,838.97
intangible assets and other
long-term assets
Net cash received from
disposal of subsidiaries or
other business units
Other cash received
885,030,050.40 766,030,050.40
relating to investing
9
activities
Subtotal of cash inflows
902,354,529.70 789,059,097.47 19,668.97 13,838.97
from investing activities
Cash paid to acquire fixed
assets, intangible assets and 52,818,579.40 20,084,445.20 85,806,812.16 20,238,793.48
other long-term assets
Cash paid for investment
Net increase of pledged loans
Net cash paid to acquire
subsidiaries and other
business units
Other cash payments relating
720,210,000.00 653,210,000.00
to investing activities
Subtotal of cash outflows from
773,028,579.40 673,294,445.20 85,806,812.16 20,238,793.48
investing activities
Net cash flows from investing
129,325,950.30 115,764,652.27 -85,787,143.19 -20,224,954.51
activities
III. Cash flows from financing
activities:
Cash received from capital
contributions
Including: Cash received
from minority shareholder
investments by subsidiaries
Cash received from
2,955,638,081.18 1,152,150,645.00 2,006,423,470.26 1,595,848,027.04
borrowings
Cash received from issuance
of bonds
Other cash received
relating to financing 570,786,261.32 549,554,269.08 577,723,942.05 556,741,628.55
activities
Subtotal of cash inflows from
3,526,424,342.50 1,701,704,914.08 2,584,147,412.31 2,152,589,655.59
financing activities
Repayment of borrowings 2,302,900,990.39 906,651,863.45 766,955,668.57 563,143,668.29
Cash paid for interest
expenses and distribution of 18,602,886.26 10,735,445.34 18,481,017.71 16,906,835.84
dividends or profit
Including: dividends or
profit paid by subsidiaries to
minority shareholders
Other cash payments
relating to financing 1,478,463,449.88 1,457,072,906.61 1,088,468,656.07 987,545,936.53
activities
Sub-total of cash outflows from
3,799,967,326.53 2,374,460,215.40 1,873,905,342.35 1,567,596,440.66
financing activities
Net cash flows from financing
-273,542,984.03 -672,755,301.32 710,242,069.96 584,993,214.93
activities
IV. Effect of foreign exchange
rate changes on cash and cash -1,442,287.26 -582,932.51 -2,229,803.47 -1,171,711.11
equivalents
V. Net increase in cash and cash
312,073,878.57 243,987,070.77 765,267,146.44 435,241,086.68
equivalents
Add: Cash and cash
equivalents at the 646,451,050.71 275,892,343.00 569,524,994.01 255,364,835.76
period-begin
VI. Cash and cash equivalents
958,524,929.28 519,879,413.77 1,334,792,140.45 690,605,922.44
at the period-end
4.4 Auditor’s report
Auditor’s opinion: un-audited
Board of Directors
Konka Group Co., Ltd.
27 Apr. 2012
10
