Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013(Full-Text)
Shenzhen Zhongheng Huafa Co., Ltd.
First Quarterly Report 2013
(Full Text)
April 2013
1
Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013(Full-Text)
Section I. Important Notes
Board of Directors and the Supervisory Committee of Shenzhen Zhongheng Huafa Co., Ltd (hereinafter referred
to as the Company) and its directors, supervisors and senior executives should guarantee the reality, accuracy and
completion of the quarterly report, there are no any fictitious statements, misleading statements or important
omissions carried in this report, and shall take legal responsibilities, individual and/or joint.
Li Zhongqiu, person in charge of the Company, Jiang Yanjun, person in charger of accounting works and Wu
Ai’jie, person in charger of accounting organ (accounting officer) hereby confirm that the Financial Statement of
this Quarterly Report is authentic, accurate and complete.
All Directors are attended the Board Meeting for Quarterly Report deliberation.
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Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013(Full-Text)
Section II. Main financial data and changes of shareholders
I. Main financial data
Whether has retroactive adjustment or re-statement on financial data of previous’ period in this report or not
□Yes √ No
Changes of this period over
Jan. – March 2013 Jan. – March 2012
same period of last year (%)
Operating income (RMB) 154,372,188.50 214,990,907.87 -28.2%
Net profit attributable to shareholders of
818,247.01 4,728,832.80 -82.7%
the listed company(RMB)
Net profit attributable to shareholders of
the listed company after deducting 414,773.12 4,714,624.11 -91.2%
non-recurring gains and losses(RMB)
Net cash flow arising from operating
-71,011,893.48 -90,160,095.82 21%
activities(RMB)
Basic earnings per share (RMB/Share) 0.0029 0.0167 -82.63%
Diluted earnings per share (RMB/Share) 0.0029 0.0167 -82.63%
0.35 percentage points
Weighted average ROE (%) 0.07% 0.42%
down
Changes of this period-end
2013-3-31 2012-12-31 over same period-end of last
year (%)
Total assets (RMB) 712,714,599.06 683,694,932.73 4.24%
Net assets attributable to shareholder of
280,999,297.92 280,181,050.91 0.29%
listed company (RMB)
Items and amount of non-recurring gains and losses
√ Applicable □ Not applicable
Unit: RMB
Amount from year-begin to
Item Note
period-end
Gains/losses from the disposal of non-current asset (including the
327,104.97
write-off that accrued for impairment of assets)
Tax refund or exemption out of authorization, with absence of
0.00
official approval document or accidentally
Governmental subsidy reckoned into current gains/losses (not
200,000.00
including the subsidy enjoyed in quota or ration according to
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Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013(Full-Text)
national standards, which are closely relevant to enterprise’s
business)
Fund occupation expenses received from non-financial
0.00
enterprises that reckon into current gains/losses
Income occurred when investment cost paid by enterprise for
obtaining subsidiaries, associates and joint ventures are lower
0.00
than its share in fair value of net realizable assets of invested
units
Gains and losses from exchange of non-monetary assets 0.00
Gains and losses from entrusted investment or management assets 0.00
Various asset impairment reserve provided for force majeure,
0.00
such as natural disaster;
Gains/losses from debt reorganization 0.00
Reorganization expenses, such as expenditure for allocation of
0.00
employees and integration fee
Gains and losses from excess of transaction which are conducted
0.00
on a non-fair-valued basis over its fair value
Current net gains and losses of subsidiaries occurred from
combination under the same control commencing from 0.00
period-begin to combination date
Gains and losses from contingent events which has no relation
0.00
with normal business of the Company
Gains and losses from change of fair values of
held-for-transaction financial assets and financial liabilities except
for the effective hedge business related to normal business of the
0.00
Company, and investment income from disposal of transactional
financial assets and liabilities and financial assets available for
sale
Reversal of impairment reserve for account receivable with
0.00
separate impairment testing
gains/ losses from external entrustment loans 0.00
Gains and losses arising from change of fair value of investment
0.00
properties whose follow-up measurement are at fair value
Affect upon current gains/losses arising from the one-off
adjustment in subject to requirement of laws and rules in relation 0.00
to taxation and accounting
Income from entrusted custody operation 0.00
Other non-operating income and expenditure except for the
0.00
aforementioned items
Other item that satisfied the definition of non-recurring gains and
0.00
losses
Income of liquidated damages 18,974.00
Impact on income tax 142,605.08
Impact on minority shareholders’ equity (post-tax) 0.00
Total 403,473.89 --
II. Total number of shareholders at the end of this report period and top ten shareholders
Unit: Share
Total number of shareholders 27,407
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Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013(Full-Text)
at the end of report period
Top ten shareholders
Amount of Number of share pledged/frozen
Nature of Proportion of Amount of
Shareholder’s name restricted shares
shareholder shares held (%) shares held State of share Amount
held
Wuhan Zhongheng Pledged 116,489,894
Domestic
New Science &
non-state-owned 41.14% 116,489,894 116,489,894
Technology Industrial Frozen 0
legal person
Group Co., Ltd.
SEG (HONG KONG) Foreign legal
5.58% 16,569,560 0 Pledged/frozen 0
CO., LTD. persons
GOOD HOPE
Foreign legal
CORNER 4.91% 13,900,000 0 Pledged/frozen 0
persons
INVESTMENTS LTD
Domestic
Jia Wenjun 0.38% 1,075,214 0 Pledged/frozen 0
natural persons
Domestic
Zeng Ying 0.35% 1,000,000 0 Pledged/frozen 0
natural persons
Foreign natural
BINGHUA LIU 0.31% 876,213 0 Pledged/frozen 0
persons
Domestic
Li Jianfeng 0.29% 831,300 0 Pledged/frozen 0
natural persons
Domestic
Zhu Ming 0.22% 611,348 0 Pledged/frozen 0
natural persons
Domestic
Lin Song 0.18% 503,000 0 Pledged/frozen 0
natural persons
Domestic
Wu Ying 0.17% 489,320 0 Pledged/frozen 0
natural persons
Top ten shareholders with unrestricted shares held
Type of shares
Shareholder’s name Amount of unrestricted shares held
Type Amount
Domestically
SEG (HONG KONG) CO., LTD. 16,569,560 listed foreign 16,569,560
shares
Domestically
GOOD HOPE CORNER
13,900,000 listed foreign 13,900,000
INVESTMENTS LTD
shares
RMB common
Jia Wenjun 1,075,214 1,075,214
shares
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Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013(Full-Text)
Domestically
Zeng Ying 1,000,000 listed foreign 1,000,000
shares
Domestically
BINGHUA LIU 876,213 listed foreign 876,213
shares
Domestically
Li Jianfeng 831,300 listed foreign 831,300
shares
Domestically
Zhu Ming 611,348 listed foreign 611,348
shares
Domestically
Lin Song 503,000 listed foreign 503,000
shares
RMB common
Wu Ying 489,320 489,320
shares
RMB common
Yuan Chuanzheng 487,529 487,529
shares
Among the top ten shareholders with unrestricted shares held, the Company did not know
whether there exists associated relationship among other tradable shareholders, nor they
belong to consistent actors that are prescribed in Measures for the Administration of
Note of related relationship among
Disclosure of Shareholder Equity Changes of Listed Companies. Among the top ten
the above shareholders and
shareholders, Wuhan Zhongheng New Science & Technology Industrial Group Co., Ltd.
concerted actors
neither bears associated relationship with other shareholders, nor belongs to the consistent
actor that are prescribed in Measures for the Administration of Disclosure of Shareholder
Equity Changes of Listed Companies.
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Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013(Full-Text)
Section III. Significant Events
I. Particulars about material changes in items of main accounting statement and financial
index and explanations of reasons
Unit: RMB
Balance at Balance at
Item Ratio Reasons of changes
period-end period-begin
61,643,871.99 112,834,841.39 -45.37% Industry stands in a production peak season, raw
Monetary fund
material procurement increased
31,241,359.31 14,168,016.74 120.51% Part of the raw material has more supply, needs to
Account paid in advance
order with account paid in advance
73,257,926.90 42,771,061.45 71.28% Prepare goods for the production and sales for peak
Inventory
season
180,210,718.62 109,694,640.00 64.28% Short-term trade finance facilities increased in order
Short-term loans
to reduce the capital cost
26,314,309.05 48,952,915.87 -46.25% Account paid in advance for procurement of raw
Account payable
materials increased
Account received in advance 1,435,814.41 764,493.92 87.81% Account paid in advance from clients
Wages payable 3,193,791.66 4,609,188.91 -30.71% Employees’ salary paid
Taxes payable 11,276,689.91 16,502,523.22 -31.67% Income tax in this period declined
Item Amount at this Amount of last
Ratio Reasons of changes
period period
Assets impairment losses 0 1,209,844.95 -100.00% No new assets impairment in this period
Operation profit 588,537.24 6,234,328.26 -90.56% Income from property rental decreased
Non-operation income 570,420.31 18,971.59 2906.71% Income from waste disposal
Total profit 1,134,616.21 6,253,279.85 -81.86% Income from property rental decreased
316,369.20 1,524,447.05 -79.25% Profit declined than the income tax decreased
Income tax
correspondingly
Cash received from sales of 98,409,713.17 181,805,841.22 -45.87% Due to the decrease of operation income
goods and labor service
providing
Taxes return received 0 4,573,164.35 -100.00% No export rebates occurred in this period
Cash paid for procurement of 137,598,899.95 242,631,332.16 -43.29% Procurement of raw materials decreased over same
goods and labor service period of last year
receiving
3,047,232.17 1,853,723.56 64.38% Conscience money for property tax, land use right
Taxes paid
tax and income tax
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Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013(Full-Text)
Cash paid for purchasing 1,736,681.20 457,566.69 279.55% Purchased production equipment for injection
fixed assets, intangible assets molding business
and other long-term assets
Cash received from loans 85,847,355.46 124,421,788.40 -31.00% Less loans over same period of last year
Cash paid for debt settling 44,791,034.20 83,505,724.65 -46.36% Less repayment over same period of last yera
Effect on cash and cash -978,113.21 -74,570.61 1211.66% Changes of exchange rate
equivalent from changes of
exchange rate
II. Analysis and explanation of significant events and their influence and solutions
The self-owned property, 1/F to 3/F property of Huafa Building was re-planning layout due to the rental contract expired in third
quarterly of 2012, and property still in decoration and stage of attract tenants and business since September 2012; part of the shops
are open in succession but the works of attracting tenants and business for whole sites still in process; approximately RMB 3 million
decreased for income of property rental for 1st quarter of 2013 due to the adjustment gap period, and to some extent, affects the
operation performance for year of 2013; the Company has published the “Risk Reminder Notice” dated 30 January 213 for the above
event. Presently, the Company make pointed references to adjusted the strategy of attract business, attempt to introduce main
business match the surrounding electronic circle and life supporting, expected to have a favorable interaction with other commercial
tenant, making up the rent losses as soon as possible.
III. Commitments make within the report period or persisted to the period by the Company
or shareholder with over 5 percent shares held
Item of
Promisee Content of commitments Date Term Implementation
Commitments
The commitment has been implemented
on May 18, 2010; Till end of recently,
Promised that the holding 36 months
Wuhan Zhongheng New Science &
Wuhan Zhongheng non-circulating shares of the in total
Commitments for Technology Industrial Group Co., Ltd.
New Science & Company won’t be traded on from 18
Share Merger 2006-10-20 applied no release procedures on
Technology Industrial the market within 36 months May 2007
Reform restricted shares to Shenzhen Stock
Group Co., Ltd. since they acquired listed to 17 May
Exchange due to the 116,489,894 shares
trading right. 2010
of the Company held in mortgaged
status.
Within one year after 1. On Jun. 5, 2008, with examination and
ownership transfer for equity approval from the 3rd temporary meeting
purchased: of the Board for 2008, the Company took
Commitments made Wuhan Zhongheng 1. Related assets of injection 2007 - 4 - cash RMB 27 million buying relevant
in acquisition report New Science & business in-put to the 12 to assets concerning production of injection
2007-03-29
or equity change Technology Industrial Company; 2. 70 percent equity 2008 - 4 - products from Wuhan Zhongheng Group,
report Group Co., Ltd. of Wuhan Hengsheng 11 and thus the commitment had been
Photoelectricity Industry Co., finished;
Ltd. held in-put to the 2. In early of May, 2008, the Company
Company. officially started off the significant asset
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Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013(Full-Text)
restructures work of purchasing the 70%
equities of Wuhan Hengsheng
Photoelectricity Industry Co., Ltd.;
engaged financial consultant and law
consultant to carry out earnest
investigation on the restructure assets
that may be involved, and negotiated
with relevant departments which were in
charge of this. However, due to that
relevant condition was not mature, there
were obstacles in material asset
restructure.
Commitments in
assets N/A
reorganization
Commitments in
initial public
N/A
offering or
refinancing
Other commitments
to minority
N/A
shareholders of the
Company
Completed on time
No
or not
Detail reasons for
”Found more in
un-complement and
“Implementation”
further plan
Whether made a
promise to
horizontal
No
competition and
related transactions
that resulted or not
Solution term
N/A
promised
Solution way N/A
Complementation N/A
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Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013(Full-Text)
IV. Registration form for receiving research, communication and interview in the report
period
Contents discussed and materials
Date Place Method Type Reception object
supplied
Operation condition and assets status
From Jan. to Mar. Headquarters in Telephone
Individual Individual investor of the Company and progress of
2013 Shenzhen communication
urban renewal projects ect.
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Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013(Full-Text)
Section IV. Financial Statement
I. Financial statement
1. Consolidate balance sheet
Prepared by Shenzhen Zhongheng Huafa Co., Ltd
Unit: RMB
Items Balance at period-end Balance at period-begin
Current assets:
Monetary funds 61,643,871.99 112,834,841.39
Settlement provisions
Capital lent
Transaction finance asset
Notes receivable 41,726,691.96 43,000,217.81
Accounts receivable 195,997,975.62 161,782,907.79
Accounts paid in advance 31,241,359.31 14,168,016.74
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Interest receivable
Dividend receivable
Other receivables 14,142,337.92 11,613,343.77
Purchase restituted finance asset
Inventories 73,257,926.90 42,771,061.45
Non-current asset due within one
year
Other current assets
Total current assets 418,010,163.70 386,170,388.95
Non-current assets:
Granted loans and advances
Finance asset available for sales
Held-to-maturity investment
Long-term account receivable
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Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013(Full-Text)
Long-term equity investment
Investment property 33,470,488.63 33,784,177.90
Fixed assets 200,192,721.47 202,743,248.34
Construction in progress 2,556,437.08 2,043,356.00
Engineering material
Disposal of fixed asset
Productive biological asset
Oil and gas asset
Intangible assets 50,280,519.47 50,538,067.80
Expense on Research and
Development
Goodwill
Long-term expenses to be apportioned 595,299.95 806,724.98
Deferred income tax asset 7,608,968.76 7,608,968.76
Other non-current asset
Total non-current asset 294,704,435.36 297,524,543.78
Total assets 712,714,599.06 683,694,932.73
Current liabilities:
Short-term loans 180,210,718.62 109,694,640.00
Loan from central bank
Absorbing deposit and interbank
deposit
Capital borrowed
Transaction financial liabilities
Notes payable 27,696,606.87 34,511,327.39
Accounts payable 26,314,309.05 48,952,915.87
Accounts received in advance 1,435,814.41 764,493.92
Selling financial asset of
repurchase
Commission charge and
commission payable
Wage payable 3,193,791.66 4,609,188.91
Taxes payable 11,276,689.91 16,502,523.22
Interest payable
Dividend payable
Other accounts payable 16,738,956.52 23,330,378.41
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Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013(Full-Text)
Reinsurance payables
Insurance contract reserve
Security trading of agency
Security sales of agency
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 266,866,887.04 238,365,467.72
Non-current liabilities:
Long-term loans 163,418,800.00 163,718,800.00
Bonds payable
Long-term account payable
Special accounts payable
Projected liabilities 1,429,614.10 1,429,614.10
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 164,848,414.10 165,148,414.10
Total liabilities 431,715,301.14 403,513,881.82
Owner’s equity (or shareholders’
equity):
Paid-in capital (or share capital) 283,161,227.00 283,161,227.00
Capital public reserve 109,496,837.33 109,496,837.33
Less: Inventory shares
Reasonable reserve
Surplus public reserve 77,391,593.25 77,391,593.25
Provision of general risk
Retained profit -189,050,359.66 -189,868,606.67
Balance difference of foreign
currency translation
Total owner’s equity attributable to
280,999,297.92 280,181,050.91
parent company
Minority interests
Total owner’s equity (or shareholders’
280,999,297.92 280,181,050.91
equity)
Total liabilities and owner’s equity(or
712,714,599.06 683,694,932.73
shareholders’ equity)
Legal representative: Li Zhongqiu
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Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013(Full-Text)
Person in charger of accounting works: Jiang Yanjun
Person in charge of accounting organ: Wu Ai’jie
2. Balance sheet of parent company
Prepared by Shenzhen Zhongheng Huafa Co., Ltd.
Unit: RMB
Items Balance at period-end Balance at period-begin
Current assets:
Monetary funds 10,047,683.16 10,555,114.25
Transaction finance asset
Notes receivable 139,935.89 1,790,000.00
Accounts receivable 45,131,007.87 45,179,657.87
Accounts paid in advance 3,776,103.62 3,576,103.62
Interest receivable
Dividend receivable
Other receivables 73,648,314.08 64,735,528.50
Inventories 14,806.50 14,806.50
Non-current asset due within one
year
Other current assets
Total current assets 132,757,851.12 125,851,210.74
Non-current assets:
Finance asset available for sales
Held-to-maturity securities
Long-term account receivable
Long-term equity investment 184,708,900.00 184,708,900.00
Investment property 33,470,488.63 33,784,177.90
Fixed assets 107,357,981.76 108,512,126.65
Construction in progress 2,043,356.00 2,043,356.00
Engineering material
Disposal of fixed asset
Productive biological asset
Oil and gas asset
Intangible assets 5,532,092.85 5,568,329.28
Expense on Research and
Development
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Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013(Full-Text)
Goodwill
Long-term expenses to be
504,733.31 710,933.33
apportioned
Deferred income tax asset 8,137,647.85 8,137,647.85
Other non-current asset
Total non-current asset 341,755,200.40 343,465,471.01
Total assets 474,513,051.52 469,316,681.75
Current liabilities:
Short-term loans 227,500.00 250,000.00
Transaction financial liabilities
Notes payable
Accounts payable 11,627,697.44 11,719,031.31
Accounts received in advance 986,549.41 332,823.92
Wage payable 667,119.57 667,119.57
Taxes payable 12,072,814.95 11,766,728.78
Interest payable
Dividend payable
Other accounts payable 15,225,615.22 11,143,036.79
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 40,807,296.59 35,878,740.37
Non-current liabilities:
Long-term loans 163,418,800.00 163,718,800.00
Bonds payable
Long-term account payable
Special accounts payable
Projected liabilities 1,429,614.10 1,429,614.10
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 164,848,414.10 165,148,414.10
Total liabilities 205,655,710.69 201,027,154.47
Owner’s equity (or shareholders’
equity):
Paid-in capital (or share capital) 283,161,227.00 283,161,227.00
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Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013(Full-Text)
Capital public reserve 109,496,837.33 109,496,837.33
Less: Inventory shares
Reasonable reserve
Surplus public reserve 77,391,593.25 77,391,593.25
Provision of general risk
Retained profit -201,192,316.75 -201,760,130.30
Balance difference of foreign
currency translation
Total owner’s equity(or shareholders’
268,857,340.83 268,289,527.28
equity)
Total liabilities and owner’s equity(or
474,513,051.52 469,316,681.75
shareholders’ equity)
Legal representative: Li Zhongqiu
Person in charger of accounting works: Jiang Yanjun
Person in charge of accounting organ: Wu Ai’jie
3. Consolidated Profit Statement
Prepared by Shenzhen Zhongheng Huafa Co., Ltd.
Unit: RMB
Items Amount at this period Amount at last period
I. Total operating income 154,372,188.50 214,990,907.87
Including: Operating income 154,372,188.50 214,990,907.87
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 153,783,651.26 208,756,579.61
Including: Operating cost 134,382,466.54 188,935,971.87
Interest expense
Commission charge and
commission expense
Cash surrender value
Net amount of expense of
compensation
Net amount of withdrawal of
insurance contract reserve
Bonus expense of guarantee slip
Reinsurance expense
Operating tax and extras 664,519.22 838,415.68
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Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013(Full-Text)
Sales expenses 2,238,764.11 1,748,619.61
Administration expenses 10,947,611.34 10,859,762.08
Financial expenses 5,550,290.05 5,163,965.42
Losses of devaluation of asset 1,209,844.95
Add: Changing income of fair
value(Loss is listed with “-”)
Investment income (Loss is listed
with “-”)
Including: Investment income on
affiliated company and joint venture
Exchange income (Loss is listed
with “-”)
III. Operating profit (Loss is listed
588,537.24 6,234,328.26
with “-”)
Add: Non-operating income 570,420.31 18,971.59
Less: Non-operating expense 24,341.34 20.00
Including: Disposal loss of
non-current asset
IV. Total Profit (Loss is listed with
1,134,616.21 6,253,279.85
“-”)
Less: Income tax 316,369.20 1,524,447.05
V. Net profit (Net loss is listed with “-”) 818,247.01 4,728,832.80
Including: Net profit achieved by the
merged party before the merger
Net profit attributable to owner’s
818,247.01 4,728,832.80
equity of parent company
Minority shareholders’ gains and
losses
VI. Earnings per share -- --
i. Basic earnings per share 0.0029 0.0167
ii. Diluted earnings per share 0.0029 0.0167
VII. Other consolidated income
VIII. Total consolidated income 818,247.01 4,728,832.80
Total consolidated income
attributable to owners of parent 818,247.01 4,728,832.80
company
Total consolidated income
attributable to minority shareholders
Legal representative: Li Zhongqiu
Person in charger of accounting works: Jiang Yanjun
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Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013(Full-Text)
Person in charge of accounting organ: Wu Ai’jie
4. Profit statement of parent company
Prepared by Shenzhen Zhongheng Huafa Co., Ltd.
Unit: RMB
Items Amount at this period Amount at last period
I. Operating income 9,290,642.73 12,437,637.38
Less: Operating income 1,213,259.76 1,950,845.21
Operating tax and extras 649,908.59 808,754.72
Sales expenses
Administration expenses 5,310,912.12 5,177,251.62
Financial expenses 1,378,451.52 3,021,998.84
Losses of devaluation of asset 1,209,844.95
Add: Changing income of fair
value(Loss is listed with “-”)
Investment income (Loss is listed
with “-”)
Including: Investment income on
affiliated company and joint venture
II. Operating profit (Loss is listed
738,110.74 268,942.04
with “-”)
Add: Non-operating income 18,974.00 12,339.00
Less: Non-operating expense 20.00
Including: Disposal loss of
non-current asset
III. Total Profit (Loss is listed with
757,084.74 281,261.04
“-”)
Less: Income tax 189,271.19 70,320.26
IV. Net profit (Net loss is listed with
567,813.55 210,940.78
“-”)
V. Earnings per share -- --
i. Basic earnings per share 0.002 0.0007
ii. Diluted earnings per share 0.002 0.0007
VI. Other consolidated income
VII. Total consolidated income 567,813.55 210,940.78
Legal representative: Li Zhongqiu
Person in charger of accounting works: Jiang Yanjun
Person in charge of accounting organ: Wu Ai’jie
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Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013(Full-Text)
5. Consolidated cash flow statement
Prepared by Shenzhen Zhongheng Huafa Co., Ltd.
Unit: RMB
Items Amount at this period Amount at last period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 98,409,713.17 181,805,841.22
services
Net increase of customer deposit
and interbank deposit
Net increase of loan from central
bank
Net increase of capital borrowed
from other financial institution
Cash received from original
insurance contract fee
Net cash received from reinsurance
business
Insured savings and net increase of
investment
Net increase of disposal of
transaction financial asset
Cash received from interest,
commission charge and commission
Net increase of capital borrowed
Net increase of returned business
capital
Write-back of tax received 4,573,164.35
Other cash received concerning
5,680,914.86 7,445,859.45
operating activities
Subtotal of cash inflow arising
104,090,628.03 193,824,865.02
from operating activities
Cash paid for purchasing
commodities and receiving labor 137,598,899.95 242,631,332.16
service
Net increase of customer loans and
advances
Net increase of deposits in central
bank and interbank
Cash paid for original insurance
contract compensation
19
Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013(Full-Text)
Cash paid for interest, commission
charge and commission
Cash paid for bonus of guarantee
slip
Cash paid to/for staff and workers 12,732,300.18 12,426,383.59
Taxes paid 3,047,232.17 1,853,723.56
Other cash paid concerning
21,724,089.21 27,073,521.53
operating activities
Subtotal of cash outflow arising
175,102,521.51 283,984,960.84
from operating activities
Net cash flows arising from
-71,011,893.48 -90,160,095.82
operating activities
II. Cash flows arising from investing
activities:
Cash received from recovering
investment
Cash received from investment
income
Net cash received from disposal of
fixed, intangible and other long-term
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
investing activities
Subtotal of cash inflow from
investing activities
Cash paid for purchasing fixed,
1,736,681.20 457,566.69
intangible and other long-term assets
Cash paid for investment
Net increase of mortgaged loans
Net cash received from
subsidiaries and other units
Other cash paid concerning
investing activities
Subtotal of cash outflow from
1,736,681.20 457,566.69
investing activities
Net cash flows arising from
-1,736,681.20 -457,566.69
investing activities
III. Cash flows arising from financing
activities
Cash received from absorbing
20
Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013(Full-Text)
investment
Including: Cash received from
absorbing minority shareholders’
investment by subsidiaries
Cash received from loans 85,847,355.46 124,421,788.40
Cash received from issuing bonds
Other cash received concerning
financing activities
Subtotal of cash inflow from
85,847,355.46 124,421,788.40
financing activities
Cash paid for settling debts 44,791,034.20 83,505,724.65
Cash paid for dividend and profit
5,856,935.51 4,923,449.09
distributing or interest paying
Including: Dividend and profit of
minority shareholder paid by
subsidiaries
Other cash paid concerning
financing activities
Subtotal of cash outflow from
50,647,969.71 88,429,173.74
financing activities
Net cash flows arising from
35,199,385.75 35,992,614.66
financing activities
IV. Influence on cash due to fluctuation
-978,113.21 -74,570.61
in exchange rate
V. Net increase of cash and cash
-38,527,302.14 -54,699,618.46
equivalents
Add: Balance of cash and cash
100,248,503.42
equivalents at the period -begin
VI. Balance of cash and cash
61,721,201.28 -54,699,618.46
equivalents at the period -end
Legal representative: Li Zhongqiu
Person in charger of accounting works: Jiang Yanjun
Person in charge of accounting organ: Wu Ai’jie
6. Cash flow statement of parent company
Prepared by Shenzhen Zhongheng Huafa Co., Ltd.
Unit: RMB
Items Amount at this period Amount at last period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 7,535,732.33 9,763,542.25
services
21
Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013(Full-Text)
Write-back of tax received
Other cash received concerning
12,270,914.86 5,583,804.31
operating activities
Subtotal of cash inflow arising
19,806,647.19 15,347,346.56
from operating activities
Cash paid for purchasing
commodities and receiving labor
service
Cash paid to/for staff and workers 1,216,260.84 1,580,385.10
Taxes paid 1,587,054.19 1,669,741.65
Other cash paid concerning
13,724,089.21 5,662,476.76
operating activities
Subtotal of cash outflow arising
16,527,404.24 8,912,603.51
from operating activities
Net cash flows arising from
3,279,242.95 6,434,743.05
operating activities
II. Cash flows arising from investing
activities:
Cash received from recovering
investment
Cash received from investment
income
Net cash received from disposal of
fixed, intangible and other long-term
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
investing activities
Subtotal of cash inflow from
investing activities
Cash paid for purchasing fixed,
277,629.50 7,450.00
intangible and other long-term assets
Cash paid for investment
Net cash received from
subsidiaries and other units
Other cash paid concerning
investing activities
Subtotal of cash outflow from
277,629.50 7,450.00
investing activities
Net cash flows arising from
-277,629.50 -7,450.00
investing activities
22
Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013(Full-Text)
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
Cash received from loans
Cash received from issuing bonds
Other cash received concerning
financing activities
Subtotal of cash outflow from financing
activities
Cash paid for settling debts 322,500.00 6,115,200.00
Cash paid for dividend and profit
3,185,424.40 3,073,346.60
distributing or interest paying
Other cash paid concerning
financing activities
Subtotal of cash outflow from
3,507,924.40 9,188,546.60
financing activities
Net cash flows arising from
-3,507,924.40 -9,188,546.60
financing activities
IV. Influence on cash due to fluctuation
-1,120.14 496.24
in exchange rate
V. Net increase of cash and cash
-507,431.09 -2,760,757.31
equivalents
Add: Balance of cash and cash
10,555,114.25
equivalents at the period -begin
VI. Balance of cash and cash
10,047,683.16 -2,760,757.31
equivalents at the period -end
Legal representative: Li Zhongqiu
Person in charger of accounting works: Jiang Yanjun
Person in charge of accounting organ: Wu Ai’jie
II. Audit report
Whether the 1st quarterly report has been audited or not
□Yes √ No
Board of Directors of
Shenzhen Zhongheng Huafa Co., Ltd.
April 24, 2013
23