Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013(Full-Text)
Shenzhen Zhongheng Huafa Co., Ltd.
First Quarterly Report 2014
(Full-Text)
April 2014
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.
Other directors attended the board meeting on deliberating the quarterly report except for the following
directors:
Name of absent director Position of absent director Reason for absence Attorney
Chen Zhigang Director For busy work Li Zhongqiu
Li Zhongqiu, person in charge of the Company, Cao Li, 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.
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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 accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting
error correction or not
□ Yes √No
At the same period of last Changes of this period over
At the reporting period
year same period of last year (%)
Operating income (RMB) 162,659,610.67 154,372,188.50 5.37%
Net profit attributable to shareholders of
694,997.40 818,247.01 -15.06%
the listed company(RMB)
Net profit attributable to shareholders of
the listed company after deducting 600,977.11 414,773.12 44.89%
non-recurring gains and losses(RMB)
Net cash flow arising from operating
-26,273,204.65 -71,011,893.48 63%
activities(RMB)
Basic earnings per share (RMB/Share) 0.0025 0.0029 -13.79%
Diluted earnings per share (RMB/Share) 0.0025 0.0029 -13.79%
Increased 0.18 percentage
Weighted average ROE (%) 0.25% 0.07%
points
Changes of this period-end
At the end of the reporting
At the end of last year over same period-end of last
period
year (%)
Total assets (RMB) 771,552,998.18 731,348,499.86 5.5%
Net assets attributable to shareholder of
274,358,646.87 273,663,649.47 0.25%
listed company (RMB)
Items and amount of non-recurring gains and losses
√ Applicable □ Not applicable
In RMB
Amount from year-begin to
Item Note
period-end
Gains/losses from the disposal of non-current asset (including the
122,047.39
write-off that accrued for impairment of assets)
Other non-operating income and expenditure except for the
3,313.00
aforementioned items
Less: impact on income tax 31,340.10
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Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013(Full-Text)
Total 94,020.29 --
Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for Companies
Offering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according to
the lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their
Securities to the Public --- Extraordinary Profit/loss, explain reasons
□ Applicable √ Not applicable
II. Total number of shareholders at the end of this report period and top ten shareholders
In shares
Total number of shareholders
25,857
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
New Science & Domestic
Technology non-state-owned 41.14% 116,489,894 116,489,894
Frozen 0
Industrial Group legal person
Co., Ltd.
SEG (HONG Foreign legal Pledged 0
5.85% 16,569,560 0
KONG) CO., LTD. persons Frozen 0
GOOD HOPE Pledged 0
CORNER Overseas legal
4.9% 13,900,000 0
INVESTMENTS person Frozen 0
LTD
Domestic nature Pledged 0
Xie Deqing 0.33% 925,100 0
person Frozen 0
Domestic nature Pledged 0
BINGHUA LIU 0.31% 876,213 0
person Frozen 0
China Securities Co., Pledged 0
Ltd. guarantee Domestic
securities account non-state-owned 0.26% 747,926 0
Frozen 0
for client credit legal person
transactions
Domestic nature Pledged 0
Wang Jianguang 0.23% 651,849 0
person Frozen 0
Domestic nature Pledged 0
Li Jianfeng 0.23% 637,600 0
person Frozen 0
Zhu Ming Domestic nature 0.22% 611,348 0 Pledged 0
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Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013(Full-Text)
person Frozen 0
Domestic nature Pledged 0
Lin Song 0.18% 516,000 0
person Frozen 0
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
Domestically
Xie Deqing 925,100 listed foreign 925,100
shares
Domestically
BINGHUA LIU 876,213 listed foreign 876,213
shares
China Securities Co., Ltd. guarantee
RMB common
securities account for client credit 747,926 747,926
share
transactions
Domestically
Wang Jianguang 651,849 listed foreign 651,849
shares
Domestically
637,600 listed foreign 637,600
shares
Domestically
Li Jianfeng 611,348 listed foreign 611,348
shares
Domestically
Lin Song 516,000 listed foreign 516,000
shares
RMB common
Wu Jingmin 472,286 472,286
share
Among the top ten shareholders, Wuhan Zhongheng New Science & Technology Industrial
Explanation on associated relationship Group Co., Ltd. neither bears associated relationship with other shareholders, nor belongs
among the aforesaid shareholders to the consistent actor that are prescribed in Measures for the Administration of Disclosure
of Shareholder Equity Changes of Listed Companies. The Company neither knew whether
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Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013(Full-Text)
there exists associated relationship among the other tradable shareholders, nor they belong
to consistent actors that are prescribed in Measures for the Administration of Disclosure of
Shareholder Equity Changes of Listed Companies.
Explanation on top ten shareholders
involving margin business (if N/A
applicable)
Whether has a buy-back agreement dealing in reporting period
□ Yes √ No
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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
Balance at Balance at
Item Ratio Reasons of changes
period-end period-begin
Monetary fund 28,421,353.42 54,251,456.20 -47.61% Stock up injection molding and
Styrofoam business for sales season
Notes receivable 50,678,073.67 154,375,936.49 -67.17% The transfer of bills endorsement
Account paid in advance 115,786,699.16 13,483,243.19 758.75% The new trade advance payment
Inventory 74,904,821.03 47,119,303.85 58.97% Stock up for sales season
Account payable 84,371,371.73 52,206,342.81 61.61% Stock up for sales season
Account received in advance 4,281,734.30 1,572,324.29 172.32% New customer payment in advance
Item Amount at this Amount of last
Ratio Reasons of changes
period period
Business tax and surcharges 2,130,920.06 664,519.22 220.67% Increase the export tax rebate free for
surcharge
Non-operation income 222,711.90 570,420.31 -60.96% There was no government subsidies
income in the period
Non-operation expenditure 97,351.51 24,341.34 299.94% Loss from disposal of fixed assets
Income tax expenses 100,239.48 316,369.20 -68.32% Profit declined and the income tax
decreased
Net cash flow from operation -26,273,204.65 -71,011,893.48 63.00% Sales returned in time
activity
Net cash flow from investment -439,487.00 -1,736,681.20 -74.69% The fixed assets expenditure reduced in
activity the period
Subtotal of cash out-flow from 95,885,723.62 50,647,969.71 89.32% The repayment of loan expire was
financing activity increased
Net cash flow from financing -538,702.44 35,199,385.75 -101.53% The repayment of loan expire was
activity increased
Influence on cash due to 16,686.09 -978,113.21 -101.71% Exchange fluctuations
fluctuation in exchange rate
Balance of cash and cash 50,704,319.86 100,248,503.42 -49.42% Notes settlement increased
equivalents at the period -begin
Balance of cash and cash 23,469,611.86 61,721,201.28 -61.97% Notes settlement increased
equivalents at the period -end
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Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013(Full-Text)
II. Analysis and explanation of significant events and their influence and solutions
Venue of 1/F to 3/F of Huafa Building, the self-owned property, has to introduce the clients for rented again due to leasing contract
for some of the sites are expired in 3Q of 2012, some of the shops open successively and clients introduction have actively promoted,
the Company strive to complete the whole idle venue for leasing in first half year as soon as possible.
III. Commitments from the Company or shareholders (with over 5% shares held) in or
occurred in the previous period but continued to reporting period
Item of
Promisee Content of commitments Date Term Implementation
Commitments
Commitments for
Share Merger
Reform
1. On Jun. 5, 2008, with examination and
approval from the 3rd temporary meeting of the
Board for 2008, the Company took cash RMB 27
million buying relevant assets concerning
Within one year after production of injection products from Wuhan
ownership transfer for Zhongheng Group, and thus the commitment had
equity purchased: been finished;
From
Commitments 1. Related assets of 2. In early of May, 2008, the Company officially
Wuhan 2007 -
made in acquisition injection business in-put to started off the significant asset restructures work
Zhongheng 2007-03-29 4 - 12
report or equity the Company; 2. 70 percent of purchasing the 70% equities of Wuhan
Group to 2008
change report equity of Wuhan Hengsheng Photoelectricity Industry Co., Ltd.;
- 4 - 11
Hengsheng Photoelectricity engaged financial consultant and law consultant
Industry Co., Ltd. held to carry out earnest investigation on the
in-put to the Company. 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
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Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013(Full-Text)
Completed on time
No
or not
Detail reasons for
un-complement and
”Found more in “Implementation”
further plan (if
applicable)
IV. Registration form for receiving research, communication and interview in the report
period
Contents discussed and
Date Place Method Type Reception object
materials supplied
Operation condition and
Headquarters of the Telephone assets status of the
2014.1.1～2014.3.31 Individual Individual investor
Company communication Company and progress of
urban renewal projects etc.
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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
In RMB
Items Balance at period-end Balance at period-begin
Current assets:
Monetary funds 28,421,353.42 54,251,456.20
Settlement provisions
Capital lent
Transaction finance asset
Notes receivable 50,678,073.67 154,375,936.49
Accounts receivable 204,247,341.81 162,278,705.83
Accounts paid in advance 115,786,699.16 13,483,243.19
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Interest receivable
Dividend receivable
Other receivables 12,106,604.43 9,623,767.78
Purchase restituted finance asset
Inventories 74,904,821.03 47,119,303.85
Non-current asset due within one
year
Other current assets
Total current assets 486,144,893.52 441,132,413.34
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 32,215,731.55 32,529,420.82
Fixed assets 191,739,182.17 195,542,067.03
Construction in progress 2,323,356.00 2,323,356.00
Engineering material
Disposal of fixed asset
Productive biological asset
Oil and gas asset
Intangible assets 48,983,681.15 49,360,979.93
Expense on Research and
Development
Goodwill
Long-term expenses to be apportioned 1,559,349.82 1,773,524.86
Deferred income tax asset 8,586,498.40 8,686,737.88
Other non-current asset 305.57
Total non-current asset 285,408,104.66 290,216,086.52
Total assets 771,552,998.18 731,348,499.86
Current liabilities:
Short-term loans 180,573,417.07 162,140,601.13
Loan from central bank
Absorbing deposit and interbank
deposit
Capital borrowed
Transaction financial liabilities
Notes payable 30,272,269.52 34,646,052.79
Accounts payable 84,371,371.73 52,206,342.81
Accounts received in advance 4,281,734.30 1,572,324.29
Selling financial asset of
repurchase
Commission charge and
commission payable
Wage payable 3,419,291.48 4,760,822.51
Taxes payable 16,155,816.09 14,943,081.06
Interest payable
Dividend payable
Other accounts payable 26,264,239.31 22,392,413.99
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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 345,338,139.50 292,661,638.58
Non-current liabilities:
Long-term loans 149,251,800.00 162,418,800.00
Bonds payable
Long-term account payable
Special accounts payable
Projected liabilities 2,604,411.81 2,604,411.81
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 151,856,211.81 165,023,211.81
Total liabilities 497,194,351.31 457,684,850.39
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 -195,691,010.71 -196,386,008.11
Balance difference of foreign
currency translation
Total owner’s equity attributable to
274,358,646.87 273,663,649.47
parent company
Minority interests
Total owner’s equity (or shareholders’
274,358,646.87 273,663,649.47
equity)
Total liabilities and owner’s equity(or
771,552,998.18 731,348,499.86
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: Cao Li
Person in charge of accounting organ: Wu Ai’jie
2. Balance sheet of parent company
Prepared by Shenzhen Zhongheng Huafa Co., Ltd.
In RMB
Items Balance at period-end Balance at period-begin
Current assets:
Monetary funds 14,250,971.78 18,575,925.94
Transaction finance asset
Notes receivable
Accounts receivable 1,868,543.57 38,718,332.28
Accounts paid in advance 500,000.00 1,004,976.83
Interest receivable
Dividend receivable
Other receivables 135,950,215.30 100,394,931.80
Inventories 14,806.50 14,806.50
Non-current asset due within one
year
Other current assets
Total current assets 152,584,537.15 158,708,973.35
Non-current assets:
Finance asset available for sales
Held-to-maturity securities
Long-term account receivable
Long-term equity investment 186,708,900.00 186,708,900.00
Investment property 32,215,731.55 32,529,420.82
Fixed assets 102,945,226.88 104,096,997.92
Construction in progress 2,323,356.00 2,323,356.00
Engineering material
Disposal of fixed asset
Productive biological asset
Oil and gas asset
Intangible assets 5,387,147.13 5,423,383.56
Expense on Research and
Development
Goodwill
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Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013(Full-Text)
Long-term expenses to be
1,489,683.22 1,698,633.25
apportioned
Deferred income tax asset 8,485,262.26 8,485,262.26
Other non-current asset
Total non-current asset 339,555,307.04 341,265,953.81
Total assets 492,139,844.19 499,974,927.16
Current liabilities:
Short-term loans 38,869,085.00 36,180,000.00
Transaction financial liabilities
Notes payable
Accounts payable 9,722,420.38 10,745,344.16
Accounts received in advance 565,719.70 126,522.29
Wage payable 655,258.44 655,258.44
Taxes payable 10,443,049.05 10,616,750.61
Interest payable
Dividend payable
Other accounts payable 14,692,664.26 11,799,762.43
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 74,948,196.83 70,123,637.93
Non-current liabilities:
Long-term loans 149,251,800.00 162,418,800.00
Bonds payable
Long-term account payable
Special accounts payable
Projected liabilities 2,604,411.81 2,604,411.81
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 151,856,211.81 165,023,211.81
Total liabilities 226,804,408.64 235,146,849.74
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
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Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013(Full-Text)
Less: Inventory shares
Reasonable reserve
Surplus public reserve 77,391,593.25 77,391,593.25
Provision of general risk
Retained profit -204,714,222.03 -205,221,580.16
Balance difference of foreign
currency translation
Total owner’s equity(or shareholders’
265,335,435.55 264,828,077.42
equity)
Total liabilities and owner’s equity(or
492,139,844.19 499,974,927.16
shareholders’ equity)
Legal representative: Li Zhongqiu
Person in charger of accounting works: Cao Li
Person in charge of accounting organ: Wu Ai’jie
3. Consolidated Profit Statement
Prepared by Shenzhen Zhongheng Huafa Co., Ltd.
In RMB
Items Amount at this period Amount at last period
I. Total operating income 162,659,610.67 154,372,188.50
Including: Operating income 162,659,610.67 154,372,188.50
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 161,989,734.18 153,783,651.26
Including: Operating cost 141,788,368.98 134,382,466.54
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 2,130,920.06 664,519.22
Sales expenses 2,600,832.06 2,238,764.11
Administration expenses 10,215,002.01 10,947,611.34
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Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013(Full-Text)
Financial expenses 5,254,611.07 5,550,290.05
Losses of devaluation of asset 0.00
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
669,876.49 588,537.24
with “-”)
Add: Non-operating income 222,711.90 570,420.31
Less: Non-operating expense 97,351.51 24,341.34
Including: Disposal loss of
non-current asset
IV. Total Profit (Loss is listed with
795,236.88 1,134,616.21
“-”)
Less: Income tax 100,239.48 316,369.20
V. Net profit (Net loss is listed with “-”) 694,997.40 818,247.01
Including: Net profit achieved by the
merged party before the merger
Net profit attributable to owner’s
694,997.40 818,247.01
equity of parent company
Minority shareholders’ gains and
losses
VI. Earnings per share -- --
i. Basic earnings per share 0.0025 0.0029
ii. Diluted earnings per share 0.0025 0.0029
VII. Other consolidated income
VIII. Total consolidated income 694,997.40 818,247.01
Total consolidated income
attributable to owners of parent 694,997.40 818,247.01
company
Total consolidated income
attributable to minority shareholders
Legal representative: Li Zhongqiu
Person in charger of accounting works: Cao Li
Person in charge of accounting organ: Wu Ai’jie
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Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013(Full-Text)
4. Profit statement of parent company
Prepared by Shenzhen Zhongheng Huafa Co., Ltd.
In RMB
Items Amount at this period Amount at last period
I. Operating income 9,041,086.23 9,290,642.73
Less: Operating income 422,389.30 1,213,259.76
Operating tax and extras 635,526.16 649,908.59
Sales expenses 109,950.72
Administration expenses 5,111,382.37 5,200,961.40
Financial expenses 2,367,743.27 1,378,451.52
Losses of devaluation of asset
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
504,045.13 738,110.74
with “-”)
Add: Non-operating income 3,313.00 18,974.00
Less: Non-operating expense
Including: Disposal loss of
non-current asset
III. Total Profit (Loss is listed with
507,358.13 757,084.74
“-”)
Less: Income tax 189,271.19
IV. Net profit (Net loss is listed with
507,358.13 567,813.55
“-”)
V. Earnings per share -- --
i. Basic earnings per share 0.0018 0.002
ii. Diluted earnings per share 0.0018 0.002
VI. Other consolidated income
VII. Total consolidated income 507,358.13 567,813.55
Legal representative: Li Zhongqiu
Person in charger of accounting works: Cao Li
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.
In 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 96,839,339.64 98,409,713.17
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
Other cash received concerning
6,971,494.02 5,680,914.86
operating activities
Subtotal of cash inflow arising
103,810,833.66 104,090,628.03
from operating activities
Cash paid for purchasing
commodities and receiving labor 97,272,596.71 137,598,899.95
service
Net increase of customer loans and
advances
Net increase of deposits in central
bank and interbank
Cash paid for original insurance
contract compensation
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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 13,017,012.59 12,732,300.18
Taxes paid 2,840,807.00 3,047,232.17
Other cash paid concerning
16,953,622.01 21,724,089.21
operating activities
Subtotal of cash outflow arising
130,084,038.31 175,102,521.51
from operating activities
Net cash flows arising from
-26,273,204.65 -71,011,893.48
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,
439,487.00 1,736,681.20
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
439,487.00 1,736,681.20
investing activities
Net cash flows arising from
-439,487.00 -1,736,681.20
investing activities
III. Cash flows arising from financing
activities
Cash received from absorbing
19
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 95,347,021.18 85,847,355.46
Cash received from issuing bonds
Other cash received concerning
financing activities
Subtotal of cash inflow from
95,347,021.18 85,847,355.46
financing activities
Cash paid for settling debts 91,743,127.94 44,791,034.20
Cash paid for dividend and profit
4,142,595.68 5,856,935.51
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
95,885,723.62 50,647,969.71
financing activities
Net cash flows arising from
-538,702.44 35,199,385.75
financing activities
IV. Influence on cash due to fluctuation
16,686.09 -978,113.21
in exchange rate
V. Net increase of cash and cash
-27,234,708.00 -38,527,302.14
equivalents
Add: Balance of cash and cash
50,704,319.86 100,248,503.42
equivalents at the period -begin
VI. Balance of cash and cash
23,469,611.86 61,721,201.28
equivalents at the period -end
Legal representative: Li Zhongqiu
Person in charger of accounting works: Cao Li
Person in charge of accounting organ: Wu Ai’jie
6. Cash flow statement of parent company
Prepared by Shenzhen Zhongheng Huafa Co., Ltd.
In 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 8,070,034.70 7,535,732.33
services
20
Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013(Full-Text)
Write-back of tax received
Other cash received concerning
10,070,502.54 12,270,914.86
operating activities
Subtotal of cash inflow arising
18,140,537.24 19,806,647.19
from operating activities
Cash paid for purchasing
commodities and receiving labor
service
Cash paid to/for staff and workers 1,512,825.33 1,216,260.84
Taxes paid 1,224,110.28 1,587,054.19
Other cash paid concerning
5,968,157.59 13,724,089.21
operating activities
Subtotal of cash outflow arising
8,705,093.20 16,527,404.24
from operating activities
Net cash flows arising from
9,435,444.04 3,279,242.95
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
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
investing activities
Net cash flows arising from
-277,629.50
investing activities
21
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 4,400,000.00
Cash received from issuing bonds
Other cash received concerning
financing activities
Subtotal of cash outflow from financing
4,400,000.00
activities
Cash paid for settling debts 14,877,000.00 322,500.00
Cash paid for dividend and profit
3,280,090.98 3,185,424.40
distributing or interest paying
Other cash paid concerning
financing activities
Subtotal of cash outflow from
18,157,090.98 3,507,924.40
financing activities
Net cash flows arising from
-13,757,090.98 -3,507,924.40
financing activities
IV. Influence on cash due to fluctuation
-3,307.22 -1,120.14
in exchange rate
V. Net increase of cash and cash
-4,324,954.16 -507,431.09
equivalents
Add: Balance of cash and cash
18,575,925.94 10,555,114.25
equivalents at the period -begin
VI. Balance of cash and cash
14,250,971.78 10,047,683.16
equivalents at the period -end
Legal representative: Li Zhongqiu
Person in charger of accounting works: Cao Li
Person in charge of accounting organ: Wu Ai’jie
II. Audit report
Whether the 1st quarterly report has been audited or not
□Yes √ No
The 1st quarterly report of the Company has not been audited.
Board of Directors of
Shenzhen Zhongheng Huafa Co., Ltd.
22 April 2014
22