Report for the First Quarter of 2013 of Konka Group Co., Ltd.
Stock Code: 000016, 200016 Stock Abbr.: SKJA, SKJB Announcement No.: 2013-10
Konka Group Co., Ltd.
Report for the First Quarter of 2013
April 2013
1
Report for the First Quarter of 2013 of Konka Group Co., Ltd.
Section I. Important Reminders
The Board of Directors, the Supervisory Committee, directors, supervisors and senior management
staff of Konka Group Co., Ltd. (hereinafter referred to as “the Company”) warrant that the
information carried in this report is factual, accurate and complete, without any false record,
misleading statement or material omission. And they shall be jointly and severally liable for
that.
Hou Songrong, company principal, Yang Rong, chief of the accounting work, and Xu Youshan, chief
of the accounting organ (chief of accounting), hereby confirm that the financial statements
enclosed in this report are factual, accurate and complete.
All directors have attended the board session for reviewing this report.
This report is prepared in both Chinese and English. Should there be any discrepancy between
the two versions, the Chinese version shall prevail.
2
Report for the First Quarter of 2013 of Konka Group Co., Ltd.
Section II. Financial Highlights & Change of Shareholders
I. Financial highlights
Does the Company adjust retrospectively or restate any accounting data of previous years?
□ Yes √No
Jan.-Mar. 2013 Jan.-Mar. 2012 +/- (%)
Operating revenues (RMB Yuan) 4,806,314,071.49 3,475,554,057.18 38.29%
Net profit attributable to
shareholders of the Company (RMB 14,242,614.75 10,370,754.57 37.33%
Yuan)
Net profit attributable to
shareholders of the Company after
extraordinary gains and losses (RMB -5,211,332.98 -25,832,753.57 79.83%
Yuan)
Net cash flows from operating
457,336,811.79 457,733,199.56 -0.09%
activities (RMB Yuan)
Basic EPS (RMB Yuan/share) 0.0118 0.0086 37.21%
Diluted EPS (RMB Yuan/share) 0.0118 0.0086 37.21%
Weighted average ROE (%) 0.35% 0.26% 0.09%
31 Mar. 2013 31 Dec. 2012 +/- (%)
Total assets (RMB Yuan) 15,896,335,563.50 16,562,917,198.06 -4.02%
Net assets attributable to
shareholders of the Company (RMB 4,058,490,799.05 4,043,591,538.85 0.37%
Yuan)
Items and amounts of extraordinary gains and losses
√ Applicable □ Inapplicable
Unit: RMB Yuan
Item 1 Jan. 2013-31 Mar. 2013 Explanation
Gain/loss on the disposal of non-current assets
(including the offset part of the asset impairment -249,901.40
provisions)
Government grants recognized in the current period,
except for those acquired in the ordinary course of
10,200,186.91
business or granted at certain quotas or amounts
according to the government’s unified standards
Non-operating income and expense other than the above 10,556,467.76
Income tax effects 1,034,383.27
Minority interests effects (after tax) 18,422.27
3
Report for the First Quarter of 2013 of Konka Group Co., Ltd.
Total 19,453,947.73 --
II. Total number of shareholders at the period-end and shareholdings of top 10
shareholders
Unit: share
Total number of shareholders at
99,771
the period-end
Shareholdings of top 10 shareholders
Total shares Number of Pledged or frozen shares
Name of Nature of Shareholding
held at the restricted Status of Number of
shareholder shareholder percentage (%)
period-end shares held shares shares
OCT Enterprises State-owned Pledged or
19% 228,754,783 198,381,940 0
Co. corporation frozen
HOLY TIME GROUP Foreign Pledged or
4.78% 57,510,000 0 0
LIMITED corporation frozen
GAOLING Foreign Pledged or
2.19% 26,400,625 0 0
FUND,L.P. corporation frozen
Foreign natural Pledged or
NAM NGAI 0.98% 11,760,520 0 0
person frozen
Domestic Pledged or
LI YICHAO 0.45% 5,391,181 0 0
natural person frozen
Domestic Pledged or
XIA RUI 0.42% 5,006,500 0 0
natural person frozen
THE CUSTOMER’S
CREDIT TRADING
GUARANTEE
Domestic
SECURITIES Pledged or
non-state-owne 0.3% 3,661,378 0 0
ACCOUNT OF frozen
d corporation
CHINA
SECURITIES CO.,
LTD.
BOCI SECURITIES Foreign Pledged or
0.28% 3,339,449 0 0
LIMITED corporation frozen
GUOTAI JUNAN
Foreign Pledged or
SECURITIES(HON 0.25% 2,982,451 0 0
corporation frozen
GKONG) LIMITED
YHG INVESTMENT, Foreign Pledged or
0.25% 2,967,661 0 0
L.P. corporation frozen
Shareholdings of top 10 non-restricted shareholders
Name of shareholder Number of non-restricted shares held Variety of shares
4
Report for the First Quarter of 2013 of Konka Group Co., Ltd.
Variety Number
Domestically
HOLY TIME GROUP LIMITED 57,250,000 listed foreign 57,250,000
shares
RMB ordinary
OCT Enterprises Co. 30,372,843 30,372,843
shares
Domestically
GAOLING FUND,L.P. 26,400,625 listed foreign 26,400,625
shares
Domestically
NAM NGAI 11,760,520 listed foreign 11,760,520
shares
RMB ordinary
LI YICHAO 5,391,181 5,391,181
shares
RMB ordinary
XIA RUI 5,006,500 5,006,500
shares
THE CUSTOMER’S CREDIT TRADING
RMB ordinary
GUARANTEE SECURITIES ACCOUNT OF 3,661,378 3,661,378
shares
CHINA SECURITIES CO., LTD.
Domestically
BOCI SECURITIES LIMITED 3,339,449 listed foreign 3,339,449
shares
Domestically
GUOTAI JUNAN
2,982,451 listed foreign 2,982,451
SECURITIES(HONGKONG) LIMITED
shares
Domestically
YHG INVESTMENT, L.P. 2,967,661 listed foreign 2,967,661
shares
There was no associated relationship between the first principal shareholder
Explanation on associated
(OCT Enterprises Co.) and other shareholders, and OCT Enterprises Co. did not
relationship or persons acting
join in any consistent actions. The Company is not aware of whether association
in concert among the
relationship exists between other shareholders and whether they are
above-mentioned shareholders
acting-in-concert person.
5
Report for the First Quarter of 2013 of Konka Group Co., Ltd.
Section III. Significant Events
I. Significant changes of the major accounting statement items and financial
indicators for the reporting period, as well as the reasons for these changes
1. For the reporting period, the operating revenues of the Company increased 38.29% over the
same period of last year, and net profit attributable to owners of the Company increased 37.33%
on a year-on-year basis. During the reporting period, color TV business had a good opening in
the domestic market, and kept a high-speed growth. Under such situation, guided by the overall
strategy of “shaping the band, enhancing the scale, adjusting the structure and exploit the
potential” and through the integration and layout of the resources from upstream and downstream
industry chain, the Company’s color TV business won by speed, ensured the leading position of
products and technologies, and the revenue of sales grew quicker than that of the industry. At
the same time of increasing the revenue of sales, the structure of sales continued to be improved
and the quality of sales also increased.
2. For the reporting period, interest receivable decreased 46.82% over that of period-begin,
which was due to the Company recovered the interest of term deposit upon maturity in the reporting
period.
3. For the reporting period, other accounts receivable increased 166.3% over that of period-begin,
which was due to the national energy-saving subsidies receivable increased in the reporting
period.
4. For the reporting period, notes payable decreased 42.81% over that of period-begin, which
was due to the Company paid for goods by transferring the indorsed notes receivable in the
reporting period, and the notes payable were decreased to issue.
5. For the reporting period, financial expenses decreased 58.61% over the same period of last
year, which was due to the foreign exchange gains increased for large fluctuation of exchange
rate in the reporting period.
6. For the reporting period, assets impairment losses increased, which was due to the other
accounts receivable increased, and the corresponding withdrawn bad debts provision increased
in the reporting period.
7. The gains and losses of change in fair value was RMB 0 in the reporting period, which was
due to the Company’s NDF contracts had been settled upon maturity.
8. For the reporting period, non-operating income decreased 63.20%, which was due to the
government subsidies received decreased on a year-on-year basis.
9. For the reporting period, cash received from investment decreased, which was due to there
was cash received from sales of investment in last period.
10. For the reporting period, cash received from disposal of assets decreased, which was due
to the revenue from disposal of fixed assets decreased in the reporting period.
II. Progress of significant events and analysis & explanations on their influence
and solutions
□Applicable √Inapplicable
6
Report for the First Quarter of 2013 of Konka Group Co., Ltd.
III. Commitments made by the Company or any shareholder with a shareholding over
5% in the reporting period or such commitments carried down into the reporting period
Contents
Commitment of Date of Period of
Commitment Execution
maker commitmen commitment commitment
t
Share reform commitment Naught
Commitment made in an acquisition report Naught
or a report on equity changes
Commitment made in asset reorganization Naught
Commitment made in IPO or re-financing Naught
Commitment made to minority shareholders Naught
of the Company
Executed in time or not Yes
Detailed reason for failing to complete
Inapplicable
the commitment and the next plan
Is a commitment made concerning any
resulted horizontal competition and No
related-party transaction?
Promised time needed to solve the problems Inapplicable
Way of solving the problems Inapplicable
Execution of commitments Inapplicable
IV. Predict the operating results of Jan.-Jun. 2013
Warning of possible loss or considerable YoY change of the accumulated net profit made during
the period-begin to the end of the next reporting period according to prediction, as well as
explanations on the reasons:
□ Applicable √ Inapplicable
V. Securities investments
Number Shareh Number
Shareho Gain/los
of olding of
Variety Initial lding s for Source
Code of Name of shares percen shares Closing
of investment percent reportin Accounti of
securi securit held at tage at held at book value
securiti cost (RMB age at g period ng title securiti
ties ies period-b period period- (RMB Yuan)
es Yuan) period- (RMB es
egin -begin end
end (%) Yuan)
(Share) (%) (Share)
Availabl Subscrip
2,311,748. 1,262,255.6 75,078.4 e-for-sa tion of
Stock 000002 WKA 117,310 0% 117,310 0%
07 0 0 le addition
financia ally
7
Report for the First Quarter of 2013 of Konka Group Co., Ltd.
l assets issued
shares
2,311,748. 1,262,255.6 75,078.4
Total 117,310 -- 117,310 -- -- --
07 0 0
Disclosure date of the
board announcement of
30 Aug. 2007
securities investment
approval
Explain shareholdings in other listed companies:
VI. Derivative investments
Derivative investments held at period-end:
□ Applicable √ Inapplicable
VII. Researches, visits and interviews received in the reporting period
Main discussion and
Time of Place of
Way of reception Visitor type Visitor materials provided by the
reception reception
Company
Market situation of color
TV business in 2013,
marketing channel of color
Conference
China Galaxy TV business, pricing
29 Jan. 2013 Room of the Field research Institution
Securities Co., Ltd. tendency of panel in 2013
Company
and progress of the
renovation of land of the
headquarter plants area
Market situation of color
TV business in 2013,
China Investment
marketing channel of color
Conference Securities Co.,
TV business, progress of
4 Feb. 2013 Room of the Field research Institution Ltd., Fortune One
the renovation of land of
Company Assets Management
the headquarter plants area
Co., Ltd.
and development trend of
OLED panel
Market situation of color
TV business in 2013,
Citic Securities
marketing channel of color
Co., Ltd.,
Conference TV business, pricing
Industrial
26 Feb. 2013 Room of the Field research Institution tendency of panel in 2013,
Securities Co., Ltd.
Company progress of the renovation
and UBS Securities
of land of the headquarter
Co.
plants area and cell phone
business
27 Feb. 2013 Conference Field research Institution CCB Principal Asset Market situation of color
8
Report for the First Quarter of 2013 of Konka Group Co., Ltd.
Room of the Management Co., Ltd. TV business in 2013,
Company pricing tendency of panel
in 2013 and cell phone
business
Yinhua Fund
Management Co.,
Market situation of color
Ltd., Beijing Star
TV business in 2013, cell
Conference Rock Investment
phone business, marketing
28 Feb. 2013 Room of the Field research Institution Management Co.,
channel of color TV
Company Ltd., Citic
business and development
Securities Co., Ltd.
trend of OLED panel
and Haitong
Securities Co., Ltd.
Progress of the renovation
Changjiang
of land of the headquarter
Conference Securities Co., Ltd.
plants area, operating
21 Mar. 2013 Room of the Field research Institution and Shenzhen Harmony
strategy in 2013 and the
Company Asset Management
Company’s plan on solving
Co., Ltd.
the matters of B-share
9
Report for the First Quarter of 2013 of Konka Group Co., Ltd.
Section IV. Financial Statements
I. Financial statements
1. Consolidated balance sheet
Prepared by Konka Group Co., Ltd.
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 1,993,743,017.69 1,728,946,511.11
Settlement reserves
Intra-group lendings
Transactional financial assets
Notes receivable 4,092,695,392.30 5,033,056,004.97
Accounts receivable 1,918,458,593.29 1,975,605,771.07
Accounts paid in advance 265,226,104.08 183,008,022.27
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract
reserves
Interest receivable 3,814,148.29 7,171,998.73
Dividend receivable
Other accounts receivable 843,065,358.39 316,590,715.96
Financial assets purchased
under agreements to resell
Inventories 3,539,953,450.17 4,059,339,049.25
Non-current assets due within 1
year
Other current assets
Total current assets 12,656,956,064.21 13,303,718,073.36
Non-current assets:
Loans by mandate and advances
granted
Available-for-sale financial 1,262,255.60 1,187,177.20
10
Report for the First Quarter of 2013 of Konka Group Co., Ltd.
assets
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 468,318,217.55 472,423,533.19
Investing property 234,323,956.07 235,680,171.89
Fixed assets 1,871,229,233.03 1,887,836,271.02
Construction in progress 51,548,838.23 50,682,893.85
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 288,637,494.16 290,280,443.01
R&D expense
Goodwill 3,943,671.53 3,943,671.53
Long-term deferred expenses 6,441,361.34 6,261,286.45
Deferred income tax assets 313,674,471.78 310,903,676.56
Other non-current assets
Total of non-current assets 3,239,379,499.29 3,259,199,124.70
Total assets 15,896,335,563.50 16,562,917,198.06
Current liabilities:
Short-term borrowings 5,386,527,196.95 5,456,351,486.48
Borrowings from Central Bank
Customer bank deposits and due
to banks and other financial
institutions
Intra-group borrowings
Transactional financial
liabilities
Notes payable 484,273,435.47 846,746,137.62
Accounts payable 2,588,708,532.15 2,735,993,787.52
Accounts received in advance 276,804,598.31 441,836,467.09
Financial assets sold for
repurchase
Handling charges and
commissions payable
11
Report for the First Quarter of 2013 of Konka Group Co., Ltd.
Employee’s compensation payable 244,773,967.95 305,003,416.73
Tax payable -147,223,965.90 -231,087,836.60
Interest payable 28,872,349.99 27,651,352.67
Dividend payable
Other accounts payable 1,394,909,745.21 1,364,756,260.46
Reinsurance premiums payable
Insurance contract reserves
Payables for acting trading of
securities
Payables for acting
underwriting of securities
Non-current liabilities due
810,000,000.00 810,000,000.00
within 1 year
Other current liabilities
Total current liabilities 11,067,645,860.13 11,757,251,071.97
Non-current liabilities:
Long-term borrowings 400,000,000.00 400,000,000.00
Bonds payable
Long-term payables 30,000,000.00 30,000,000.00
Specific payables
Estimated liabilities 2,511,814.54 2,511,814.54
Deferred income tax liabilities 563,067.21 563,067.21
Other non-current liabilities 137,051,175.35 125,743,462.22
Total non-current liabilities 570,126,057.10 558,818,343.97
Total liabilities 11,637,771,917.23 12,316,069,415.94
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share
1,203,972,704.00 1,203,972,704.00
capital)
Capital reserves 1,272,476,637.26 1,272,420,328.46
Less: Treasury stock
Specific reserves
Surplus reserves 827,291,207.52 827,291,207.52
Provisions for general risks
Retained profits 739,728,318.85 725,485,704.10
12
Report for the First Quarter of 2013 of Konka Group Co., Ltd.
Foreign exchange difference 15,021,931.42 14,421,594.77
Total equity attributable to
4,058,490,799.05 4,043,591,538.85
owners of the Company
Minority interests 200,072,847.22 203,256,243.27
Total owners’ (or shareholders’)
4,258,563,646.27 4,246,847,782.12
equity
Total liabilities and owners’ (or
15,896,335,563.50 16,562,917,198.06
shareholders’) equity
Legal representative: Hou Songrong Chief of the accounting work: Yang Rong Chief of the accounting organ:
Xu Youshan
2. Balance sheet of the Company
Prepared by Konka Group Co., Ltd.
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 1,474,518,944.12 1,232,222,002.19
Transactional financial assets
Notes receivable 3,874,108,637.37 4,745,072,740.14
Accounts receivable 1,408,689,503.98 1,236,932,980.35
Accounts paid in advance 260,462,766.05 194,043,254.39
Interest receivable 4,928,031.61 7,894,632.07
Dividend receivable
Other accounts receivable 1,319,051,050.20 743,098,527.06
Inventories 2,237,858,826.06 2,840,661,422.34
Non-current assets due within 1
year
Other current assets
Total current assets 10,579,617,759.39 10,999,925,558.54
Non-current assets:
Available-for-sale financial
1,262,255.60 1,187,177.20
assets
Held-to-maturity investments 455,000,000.00 395,000,000.00
Long-term accounts receivable
Long-term equity investment 1,693,717,169.87 1,693,717,169.87
Investing property 234,323,956.07 235,680,171.89
Fixed assets 549,790,181.02 555,870,405.39
13
Report for the First Quarter of 2013 of Konka Group Co., Ltd.
Construction in progress 5,708,996.85 5,584,347.15
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 24,576,378.35 24,518,958.53
R&D expense
Goodwill
Long-term deferred expenses 1,619,232.64 1,811,365.14
Deferred income tax assets 226,104,559.79 223,333,764.57
Other non-current assets
Total of non-current assets 3,192,102,730.19 3,136,703,359.74
Total assets 13,771,720,489.58 14,136,628,918.28
Current liabilities:
Short-term borrowings 2,172,282,456.26 2,451,684,485.86
Transactional financial
liabilities
Notes payable 283,266,353.91 597,563,690.81
Accounts payable 3,771,957,722.55 3,664,516,644.48
Accounts received in advance 999,450,308.27 1,197,059,751.70
Employee’s compensation payable 143,455,674.23 164,101,581.67
Tax payable -141,718,516.75 -245,006,993.34
Interest payable 15,046,867.21 19,388,598.90
Dividend payable
Other accounts payable 1,379,267,472.73 1,189,885,260.79
Non-current liabilities due
800,000,000.00 800,000,000.00
within 1 year
Other current liabilities
Total current liabilities 9,423,008,338.41 9,839,193,020.87
Non-current liabilities:
Long-term borrowings 400,000,000.00 400,000,000.00
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
14
Report for the First Quarter of 2013 of Konka Group Co., Ltd.
Deferred income tax liabilities
Other non-current liabilities 75,486,155.68 78,428,442.55
Total non-current liabilities 475,486,155.68 478,428,442.55
Total liabilities 9,898,494,494.09 10,317,621,463.42
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share
1,203,972,704.00 1,203,972,704.00
capital)
Capital reserves 1,249,346,470.68 1,249,290,161.88
Less: Treasury stock
Specific reserves
Surplus reserves 827,291,207.52 827,291,207.52
Provisions for general risks
Retained profits 592,615,613.29 538,453,381.46
Foreign exchange difference
Total owners’ (or shareholders’)
3,873,225,995.49 3,819,007,454.86
equity
Total liabilities and owners’ (or
13,771,720,489.58 14,136,628,918.28
shareholders’) equity
Legal representative: Hou Songrong Chief of the accounting work: Yang Rong Chief of the accounting organ:
Xu Youshan
3. Consolidated income statement
Prepared by Konka Group Co., Ltd.
Unit: RMB Yuan
Item Jan.-Mar. 2013 Jan.-Mar. 2012
I. Total operating revenues 4,806,314,071.49 3,475,554,057.18
Including: Sales income 4,806,314,071.49 3,475,554,057.18
Interest income
Premium income
Handling charge and
commission income
II. Total operating cost 4,813,813,240.44 3,530,446,995.60
Including: Cost of sales 3,986,443,828.73 2,800,611,736.69
Interest expenses
Handling charge and
commission expenses
15
Report for the First Quarter of 2013 of Konka Group Co., Ltd.
Surrenders
Net claims paid
Net amount withdrawn for the
insurance contract reserve
Expenditure on policy
dividends
Reinsurance premium
Business taxes and
14,928,244.57 13,757,782.97
surcharge
Selling and distribution
618,981,796.40 506,418,824.29
expenses
Administrative expenses 152,643,177.30 144,258,827.24
Financial expenses 26,716,097.95 64,546,588.49
Asset impairment loss 14,100,095.49 853,235.92
Add: Gain/(loss) from change in
19,186,950.45
fair value (“-” means loss)
Gain/(loss) from investment
-4,105,315.64 2,092,064.98
(“-” means loss)
Including: share of profits in
-4,105,315.64
associates and joint ventures
Foreign exchange gains (“-” means
loss)
III. Business profit (“-” means
-11,604,484.59 -33,613,922.99
loss)
Add: non-operating income 21,216,013.33 57,650,031.91
Less: non-operating expense 709,260.06 568,851.69
Including: loss from non-current
249,901.40 143,626.23
asset disposal
IV. Total profit (“-” means loss) 8,902,268.68 23,467,257.23
Less: Income tax expense -2,156,950.02 12,963,186.44
V. Net profit (“-” means loss) 11,059,218.70 10,504,070.79
Including: Net profit
achieved by combined parties
before the combinations
Attributable to owners of the
14,242,614.75 10,370,754.57
Company
Minority shareholders ’ -3,183,396.05 133,316.22
16
Report for the First Quarter of 2013 of Konka Group Co., Ltd.
income
VI. Earnings per share -- --
(I) Basic earnings per share 0.0118 0.0086
(II) Diluted earnings per
0.0118 0.0086
share
Ⅶ. Other comprehensive incomes 656,645.45 -6,279,287.07
Ⅷ. Total comprehensive incomes 11,715,864.15 4,224,783.72
Attributable to owners of the
14,899,260.20 4,091,467.50
Company
Attributable to minority
-3,183,396.05 133,316.22
shareholders
Legal representative: Hou Songrong Chief of the accounting work: Yang Rong Chief of the accounting organ:
Xu Youshan
4. Income statement of the Company
Prepared by Konka Group Co., Ltd.
Unit: RMB Yuan
Item Jan.-Mar. 2013 Jan.-Mar. 2012
I. Total sales 4,918,987,458.20 3,356,078,015.41
Less: cost of sales 4,283,442,338.56 2,876,323,836.87
Business taxes and surcharges 10,098,865.01 9,467,474.12
Selling and distribution
490,953,506.79 420,508,296.52
expenses
Administrative expenses 71,540,916.47 105,609,519.06
Financial expenses 10,067,256.26 13,486,702.87
Asset impairment loss 14,100,546.17 850,000.00
Add: Gain/(loss) from change in
18,846,405.45
fair value (“-” means loss)
Gain/(loss) from investment
2,092,064.98
(“-” means loss)
Including: share of profits in
associates and joint ventures
II. Business profit (“-” means
38,784,028.94 -49,229,343.60
loss)
Add: non-business income 12,864,333.45 35,214,421.55
Less: non-business expense 275,695.38 338,992.61
Including: loss from non-current
229,706.92 178,307.51
asset disposal
17
Report for the First Quarter of 2013 of Konka Group Co., Ltd.
III. Total profit (“-” means
51,372,667.01 -14,353,914.66
loss)
Less: income tax expense -2,789,564.82 -207,957.57
IV. Net profit (“-” means loss) 54,162,231.83 -14,145,957.09
V. Earnings per share -- --
(I) Basic earnings per share 0.0449 -0.0117
(II) Diluted earnings per share 0.0449 -0.0117
VI. Other comprehensive income 56,308.80 -1,531,131.16
VII. Total comprehensive income 54,218,540.63 -15,677,088.25
Legal representative: Hou Songrong Chief of the accounting work: Yang Rong Chief of the accounting organ:
Xu Youshan
5. Consolidated cash flow statement
Prepared by Konka Group Co., Ltd.
Unit: RMB Yuan
Item Jan.-Mar. 2013 Jan.-Mar. 2012
I. Cash flows from operating
activities:
Cash received from sale of
commodities and rendering of 4,707,055,676.28 4,097,907,547.51
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 intra-group
18
Report for the First Quarter of 2013 of Konka Group Co., Ltd.
borrowings
Net increase of funds in
repurchase business
Tax refunds received 11,204,992.62 109,541,936.03
Other cash received relating to
101,530,099.82 63,594,123.98
operating activities
Subtotal of cash inflows from
4,819,790,768.72 4,271,043,607.52
operating activities
Cash paid for goods and services 3,109,824,326.54 2,632,971,449.14
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 employees 458,548,740.76 397,827,072.51
Various taxes paid 420,947,307.28 493,397,477.46
Other cash payment relating to
373,133,582.35 289,114,408.85
operating activities
Subtotal of cash outflows from
4,362,453,956.93 3,813,310,407.96
operating activities
Net cash flows from operating
457,336,811.79 457,733,199.56
activities
II. Cash flows from investing
activities:
Cash received from withdrawal of
363,430.69
investments
Cash received from return on
2,092,066.31
investments
Net cash received from disposal
of fixed assets, intangible assets 736,418.31 14,868,982.30
and other long-term assets
Net cash received from disposal
of subsidiaries or other business
19
Report for the First Quarter of 2013 of Konka Group Co., Ltd.
units
Other cash received relating
885,030,050.40
to investing activities
Subtotal of cash inflows
736,418.31 902,354,529.70
from investing activities
Cash paid to acquire fixed
assets, intangible assets and 60,297,251.34 52,818,579.40
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 to
720,210,000.00
investing activities
Subtotal of cash outflows from
60,297,251.34 773,028,579.40
investing activities
Net cash flows from investing
-59,560,833.03 129,325,950.30
activities
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Including: Cash received from
minority shareholder investments
by subsidiaries
Cash received from borrowings 1,533,337,805.57 2,955,638,081.18
Cash received from issuance of
bonds
Other cash received relating to
687,158,423.39 570,786,261.32
financing activities
Subtotal of cash inflows from
2,220,496,228.96 3,526,424,342.50
financing activities
Repayment of borrowings 1,860,981,037.30 2,302,900,990.39
Cash paid for interest expenses
and distribution of dividends or 43,302,013.82 18,602,886.26
profit
Including: dividends or
profit paid by subsidiaries to
20
Report for the First Quarter of 2013 of Konka Group Co., Ltd.
minority shareholders
Other cash payments relating
278,167,714.68 1,478,463,449.88
to financing activities
Sub-total of cash outflows from
2,182,450,765.80 3,799,967,326.53
financing activities
Net cash flows from financing
38,045,463.16 -273,542,984.03
activities
IV. Effect of foreign exchange
rate changes on cash and cash 3,839,640.32 -1,442,287.26
equivalents
V. Net increase in cash and cash
439,661,082.24 312,073,878.57
equivalents
Add: Opening balance of cash
824,043,169.38 646,451,050.71
and cash equivalents
VI. Closing balance of cash and
1,263,704,251.62 958,524,929.28
cash equivalents
Legal representative: Hou Songrong Chief of the accounting work: Yang Rong Chief of the accounting organ:
Xu Youshan
6. Cash flow statement of the Company
Prepared by Konka Group Co., Ltd.
Unit: RMB Yuan
Item Jan.-Mar. 2013 Jan.-Mar. 2012
I. Cash flows from operating
activities:
Cash received from sale of
commodities and rendering of 3,643,210,300.74 4,054,373,519.35
service
Tax refunds received 272,514.32 55,623,027.95
Other cash received relating to
57,446,503.11 46,823,419.66
operating activities
Subtotal of cash inflows from
3,700,929,318.17 4,156,819,966.96
operating activities
Cash paid for goods and services 2,116,312,022.95 2,505,823,818.31
Cash paid to and for employees 258,260,617.84 225,741,515.96
Various taxes paid 313,589,900.23 405,019,365.09
Other cash payment relating to
251,392,656.24 218,674,615.27
operating activities
Subtotal of cash outflows from 2,939,555,197.26 3,355,259,314.63
21
Report for the First Quarter of 2013 of Konka Group Co., Ltd.
operating activities
Net cash flows from operating
761,374,120.91 801,560,652.33
activities
II. Cash flows from investing
activities:
Cash received from retraction of
363,430.69
investments
Cash received from return on
5,960,333.33 7,895,844.08
investments
Net cash received from disposal
of fixed assets, intangible assets 736,418.31 14,769,772.30
and other long-term assets
Net cash received from disposal
of subsidiaries or other business
units
Other cash received relating
766,030,050.40
to investing activities
Subtotal of cash inflows
6,696,751.64 789,059,097.47
from investing activities
Cash paid to acquire fixed
assets, intangible assets and 36,658,177.27 20,084,445.20
other long-term assets
Cash paid for investment
Net cash paid to acquire
subsidiaries and other business
units
Other cash payments relating to
60,000,000.00 653,210,000.00
investing activities
Subtotal of cash outflows from
96,658,177.27 673,294,445.20
investing activities
Net cash flows from investing
-89,961,425.63 115,764,652.27
activities
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Cash received from borrowings 1,152,150,645.00
Cash received from issuance of
bonds
22
Report for the First Quarter of 2013 of Konka Group Co., Ltd.
Other cash received relating to
687,158,423.39 549,554,269.08
financing activities
Subtotal of cash inflows from
687,158,423.39 1,701,704,914.08
financing activities
Repayment of borrowings 402,278,336.53 906,651,863.45
Cash paid for interest expenses
and distribution of dividends or 32,450,715.74 10,735,445.34
profit
Other cash payments relating
277,451,252.05 1,457,072,906.61
to financing activities
Sub-total of cash outflows from
712,180,304.32 2,374,460,215.40
financing activities
Net cash flows from financing
-25,021,880.93 -672,755,301.32
activities
IV. Effect of foreign exchange
rate changes on cash and cash 3,613,298.91 -582,932.51
equivalents
V. Net increase in cash and cash
650,004,113.26 243,987,070.77
equivalents
Add: Opening balance of cash
365,891,615.76 275,892,343.00
and cash equivalents
VI. Closing balance of cash and
1,015,895,729.02 519,879,413.77
cash equivalents
Legal representative: Hou Songrong Chief of the accounting work: Yang Rong Chief of the accounting organ:
Xu Youshan
II. Audit report
Is this report audited?
□ Yes √ No
The Board of Directors
Konka Group Co., Ltd
27 Apr. 2013
23