China International Marine Containers (Group) Co., Ltd.
2009
The Third Quarterly Report
28 October 2009
Chairman of the Board: Fu Yuning1
China International Marine Containers (Group) Co., Ltd.
The Third Quarterly Report 2009
§1. Important Notice
1.1 The Board of Directors, the Board of Supervisor, as well as directors, supervisors
and senior management of China International Marine Containers (Group) Co., Ltd.
(hereinafter referred to as “the Company”) hereby undertake that the information and
data contained in this report are free from false records, misleading statements or
significant omission, and we shall assume individual and joint liabilities for the
authentication, accuracy and integrity of the contents in this report.
1.2 The third quarterly financial report has not been audited.
1.3 Mr. Fu Yuning, person in charge of the Company, Mai Boliang, Chief Financial
Officer and Jin Jianlong, General Manager of Financial Management Dept. hereby
confirm that the Financial Report enclosed in the Quarterly Report is true and
complete.
§2 Company Profile
2.1 Main accounting data and financial indices
Unit: RMB Yuan
30 Dec. 2009 31 Dec. 2008 Increase/decrease (％)
Total assets (Yuan) 31,673,665,000.00 34,557,863,000.00 -8.35%
Owners’ equity attributable to shareholders of
listed company (Yuan)
13,018,347,000.00 13,428,901,000.00 -3.06%
Share capital (Share) 2,662,396,000.00 2,662,396,000.00 0.00%
Net asset per share attributable to shareholders
of listed company (Yuan/share)
4.8897 5.0439 -3.06%
Jul.-Sep. 2009
Increase/decrease
year-on-year (%)
Jan.-Sep. 2009
Increase/decrease
year-on-year (%)
Gross revenue (Yuan) 4,443,358,000.00 -65.69% 13,885,634,000.00 -67.80%
Net profit attributable to shareholders of listed
company (Yuan)
-50,086,000.00 -107.41% 775,764,000.00 -54.41%
Net cash flow arising from operating activities
(Yuan)
- - 1,333,457,000.00 119.19%
Net cash flow per share arising from operating
activities (Yuan/share)
- - 0.5008 119.19%
Basic earnings per share (Yuan/share) -0.02 -108.00% 0.29 -54.69%
Diluted Basic earnings per share (Yuan/share) -0.02 -108.00% 0.29 -54.69%2
Return on equity (%) -0.38% -107.74% 5.96% -48.29%
Return on equity after deducting non-recurring
gains and losses (%)
-0.98% -124.73% -3.75% -133.81%
Unit: RMB Yuan
Items of gains and losses
Amount from the year-begin
to the end of report period
Note
Disposal of non-current assets -7,000.00
Tax return and tax reduction that exceeded mandate of examination and approval or
without formal approval document
22,996,000.00
Gains and losses from changes in fair value due to transaction financial assets and
liabilities, and investment income from disposal of transaction financial assets,
transaction financial liabilities and financial assets available for sale, excluding
valid hedging related to routine operation of the Company
1,460,768,000.00
Gains and losses from entrusted investment or financing 2,589,000.00
Net other non-operating income and expenditure 29,110,000.00
Less: impact of the above on tax -248,184,000.00
Non-recurring gains and losses impacted on minority interest -3,867,000.00
Total 1,263,405,000.00 -
2.2 Total number of shareholders at the end of the report period and statement on
shares held by the top ten shareholders holding tradable shares
Unit: Share
Total number of shareholders at the end of report period 287,038
Particulars about shares held by the top ten shareholders holding shares not subject to trading moratorium
Full name of shareholders
Number of shares not subject to trading
moratorium held at the period-end
Type of share
COSCO CONTAINER INDUSTRIES LIMITED 432,171,843 RMB ordinary share
Industrial & Commercial Bank of China-E-fund Value
Growth Mixed Securities Investment Fund
15,500,000 RMB ordinary share
Industrial & Commercial Bank of China-Rongtong Shen
Securities 100 Index Fund
10,125,494 RMB ordinary share
Bank of China-Harvest Shanghai-Shenzhen 300 Index
Securities Investment Fund
5,947,941 RMB ordinary share
Bank of China—E fund SE 100 ETF 5,546,849 RMB ordinary share
First Capital Securities Co., Ltd 5,000,006 RMB ordinary share
Hua Xia Bank Co., Ltd- Yimin Dividend Growth Mixed
Fund
4,628,023 RMB ordinary share
Industrial & Commercial Bank of China-Jingshun Great
Wall Well-chosen Blue Chip Stock Securities Investment
Fund
4,182,845 RMB ordinary share3
Greatwall－Bank of China－INVESCO Asset
Management Limited－Invesco PRC Equity Fund
3,718,236 RMB ordinary share
China Construction Bank-Boshi Yufu Securities
Investment Funds
2,348,821 RMB ordinary share
§3 Significant Events
3.1 Significant changes in major accounting data, financial highlights and reasons for
these changes
√Applicable □Inapplicable
(1) Income statement
Items Increase/decrease (%) Main reason
Operating income -67.80% Sales of container decreased by a large margin
Operating cost -68.85% Sales of container decreased by a large margin
Sales expense -45.22%
Sales of container decreased by a large margin, and sales
expense decreased accordingly.
Financial expense -53.75%
Sales scale decreased and capital occupation reduced; most
derivative financial instruments delivered due to mature in
current period, principal decreased by a large margin and
delivery income offset financial expense.
Assets impairment loss 1908.8%
The Company withdrew assets impairment provision from raw
material in current period.
Gains and losses from changes
in fair value
-585.1%
Derivative financial instruments delivered due to mature in
current period, and contract amount of derivative financial
instrument held at the period-end decreased by a large margin.
Investment income 3196.5%
The Company sold sales financial assets and gained large
investment income.
Income tax 118.51% Income tax increased when sales of financial assets
Other comprehensive income -64.49%
The Company sold financial assets available for sale, and
amount recorded in other comprehensive income in last period
transferred in current profit.
(2) Balance sheet
Items Increase/decrease (%) Main reason
Transaction monetary assets -74.51%
Most derivative financial instrument delivered due to mature,
less financial assets was remained, and no new financial
assets increased meanwhile.
Notes receivable -50.27%
Marketing declined, and new notes payable decreased in
current period.
Accounts receivable -31.03% Marketing declined, and new accounts payable decreased
Non-current assets due within 1
year
135.93%
Financing and lease business increased and accounts due
within one year on maturity day increased.
Transaction assets available for
sale
-77.96% Sold financial assets available for sales held4
Transaction financial liabilities -50.79%
Financing and lease business increased and accounts due
within one year on maturity day increased.
Notes payable -31.69% Purchase declined, and new notes payable decreased.
Accounts payable -31.38% Purchase declined, and new notes payable decreased.
Non-current liabilities due within
1 year
-54.38% Long-term borrowings due within one year decreased.
Deferred income tax liabilities -36.62%
Sales of financial assets available for sale caused decrease of
deferred income tax liabilities.
Capital reserve -52.64%
Sales of financial assets available for sale caused decrease of
capital reserves.
(3) Cash flow statement
Items Increase/decrease (%) Main reason
Net cash flow arising from
operating activities
621.19%
Sales and production scale decreased and purchase
expenditure decreased in current period.
Net cash flow arising from
investing activities
148.59%
Sales of financial assets available for sale caused increase of
calling back cash from investment.
Net cash flow arising from
financing activities
-240.08%
Sales and production scale decreased, demand for capital
decreased by a l
3.2 The progress of significant events and influence, as well as the analysis and
explanation on resolving proposal
□Applicable √Inapplicable
3.3 The fulfillment of the commitment made by the Company, shareholders and the
actual controller
√Applicable □Inapplicable
Commitment Content Fulfillment
Commitment on share merger reform
The Company has executed share merger reform in May
2006. By 15 Jun. 2009, shares held by COSCO Container
Industries Limited—the only original shareholder who
held non-tradable shares over 5% has been released.
Parent company of COSCO Container Industries
Limited—COSCO Pacific Limited made commitment
that shares sold through auction trading system at
Shenzhen Stock Exchange won’t exceed 5% within 6
months after release from trading moratorium. In case
COSCO Pacific Limited plans to sold tradable share of
CIMC held through auction trading system at Shenzhen
Stock Exchange in the future and the sold amount reached
5% or above within 6 month from the first selling, the
Company will disclose suggestive public notice on sales
within two trading days before the first selling.
The shareholder had
been strictly fulfilled.
Commitment on limitation of sales of
shares
Naught Naught5
Commitment made in merger report or
report on change of equity
Naught Naught
Commitment made when reorganization
of significant assets
Naught Naught
Commitment made when offering Naught Naught
Other commitments (including added
commitment)
Naught Naught
3.4 Warnings of possible loss or large-margin change of the accumulated net profit
made during the period from the beginning of the year to the end of the next report
period compared with the same period of the last year according to prediction, as well
as explanations on the reasons
□Applicable √Inapplicable
3.5 Other significant events need to be explained.
Securities investment
√Applicable □Inapplicable
Unit: RMB’000 Yuan
Seque
nce
No.
Type of
securities
Securities
code
Short form of
securities
Initial
investment
amount
(Yuan)
Holding
number
Book value
in period-end
Proportion of
total securities
in period-end
（％）
Gains/losses in
the report period
1 H-share 00368
Sinotrans Shipping
Ltd.
21,817 2,996,500 8,238 10.35% 3,037
2 S-share G05.SI Goodpack 109,504 13,500,000 66,371 83.36% 12,600
Other securities investments held in period-end 4,456 - 5,015 6.30% -2
Securities investment gain/loss sold out in the period -
Total 135,777 79,624 100.00% 15,635
Equity of other listed companies the Company held
√Applicable □Inapplicable
Unit: RMB’000 Yuan
Short form
of stock
Stock code
Initial investment
amount
Equity proportion
in that of this
company
Book value at
the period-end
Profit and loss in
the report period
Change in the owners’
equity in the report
period
600036 China Merchants Bank 14,784 - 162,018 1,457,473 -732,300
00206 TSC OFFSHORE 82,839 - 116,755 - 56,763
Total 97,623 - 278,773 1,457,473 -675,537
3.5.1 Interviews, communications and visits in the reporting period6
Reception time Reception place
Reception
manner
Reception object
Contents discussed and information
offered
2 Jul. 2009 The Company Field research Harvest Fund Management Co., Ltd
Production and operation, strategy
and business development, industry
and market tendency, finance,
project investment and prospect of
the Company, etc.
31 Jul.2009 The Company Field research
KBC Goldstate Fund Management Co.,
Ltd and Invesco Great Wall Fund
Management Co., Ltd
Ditto
6 Aug. 2009 The Company Field research King Tower Asset Management Co., Ltd Ditto
6 Aug. 2009 The Company Field research
Clients of BNP Paribas Securities
Services (Asia) Co., Ltd
Ditto
7 Aug. 2009 The Company Field research GF Securities Ditto
7 Aug. 2009 The Company Field research
Martin Currie Investment Management
Limited
Ditto
11 Aug. 2009 The Company Field research CEPHEI Ditto
13 Aug. 2009 The Company Field research
Syndicated Research of clients of
Shenyin & Wanguo Securities Institution
Ditto
14 Aug. 2009 The Company Field research
GF Fund Management Co., Ltd,
Shenzhen Wudang Asset Management
Ltd, BOSERA Fund and Shenzhen
Shenghai Investment Management Co.,
Ltd
Ditto
19 Aug. 2009 The Company Field research Yinhua Fund Management Co., Ltd Ditto
21 Aug. 2009 The Company
Communication
by telephone
Citigroup Asia Ditto
26 Aug. 2009 Dongguan
One-to-Many
PoC Session
Clients of Guotai Junan Securities Co.,
Ltd
Ditto
27 Aug. 2009 The Company Field research CLS Ditto
31 Aug. 2009 The Company Field research Hostplas Ditto
11 Sep. 2009 Shanghai
One-to-Many
PoC Session
Clients of CICC Ditto
16 Sep. 2009 The Company Field research
Jingrong Investment Development Co.,
Ltd
Ditto
17 Sep. 2009 The Company Field research
Shanghai Broad Vision Investment
Management Co., Ltd
Ditto
24 Sep. 2009 The Company Field research KYLIN MANAGEMENT Ditto
29 Sep. 2009 The Company Field research Goldman Sachs Asia Limited and Ditto7
Invesco Investment Management Co.,
Ltd
3.6 Derivative products investment
√Applicable □Inapplicable
Analysis on risks and control measures of holding
positions of derivatives in the report period (including
but not limited to market risk, liquidity risk, credit
risk, operation risk, law risk, etc.)
By 30 Sep. 2009, main financial instrument held by the Company were
forward exchange or option contract and interest forward-forward swap
contract. Risk of interest forward-forward swap contract was nearly related
to fluctuation of interest rate. Risk of foreign exchange or option contract
related to of risk from interest exchange market and certainty of future cash
flow from foreign currency income. Control measures of derivative
instrument showed in the following: control amount of new derivative
instrument; aimed at derivative transaction, the Company formulated strict
and regular inner examination and approval system and operation process,
and defined procedure of examination and approve to control relevant risks.
Changes of market prices or fair values in the report
period of the invested derivatives, and the analysis on
the fair value of the derivatives should include how to
use, and the relevant assumptions and parameters
Gains and losses from fair value of derivative financial instrument was
RMB -97,182,292.12 from Jan.-Sep. 2009. Fair value of derivative financial
instrument was defined according to market quote of financial institution.
Whether significant changes happened to the
Company’s accounting policy and specific accounting
principles of the derivatives in the report period
compared with the last report period
No
Specific opinion from independent directors, sponsors
or financial consultants on the Company’s derivatives
investment and risk control
Most income of the Company was settled with foreign currency like
USD, EUR, JPY and so on when expenditure was settled with RMB,
therefore, process of production & operation and capital management faced
large risk of foreign exchange. Otherwise, the Company faced risk of
medium term and long-term interest rate from financing by large medium
term and long-term foreign currency liabilities. Investment advance towards
other countries need exchange of currency of EUR, NOK and so on.
Therefore, the Company developed forward sold transition and option
transaction mainly with EUR and NOK in succession and derivative
products transaction like medium term and long-term forward-forward loan
interest with hedge as principal target and basic task.
Legal document relating to the business signed with banks were all
already and procedure complied with provisions, which was in accordance
with requirements of management policy of risk of foreign exchange,
relevant risk control system and internal control. The above derivative
products transaction all have real business and trading background, and was
formulated strict and regular internal examination & approval system and
operation process under clear authorization. Since new accounting standards
executed in 2007, the Company carried through comprehensive fair value
measure and disclosure on relevant derivative products transaction8
according to requirements.
Therefore, we considered that investment scale and balance of contract in
hand of relevant derivative products transaction was small, financial
derivation instrument chosen was relatively simple, and risk was controlled.
3.6.1 Positions of derivatives held by the Company at period-end
√Applicable □Inapplicable
Unit: RMB Yuan
Type of contract
Maturing date of
contract
Contract amount at
period-begin
Contract amount at
period-end
Proportion of the contract amount at
period-end in the Company’s net
assets at period-end
1. Forward foreign exchange
contract
26 Oct. 2009-23 Dec.
2009
5,685,536,000.00 104,718,000.00 0.80%
2. Interest rate swaps
30 May 2012-31 Dec.
2013
2,172,069,000.00 2,172,069,000.00 16.68%
3. Option contracts –JPY Up to Dec. 2011 469,726,000.00 399,702,000.00 3.07%
Total 8,327,331,000.00 2,676,489,000.00 20.56%
§4 Appendix
4.1 Balance Sheet
Prepared by China International Marine Containers (Group) Co., Ltd 30 Sep. 2009
Unit: RMB Yuan
Balance at the period-end Balance at the year-begin
Items
Consolidation Parent Company Consolidation Parent Company
Current Assets:
Monetary funds 2,980,114,000.00 266,017,000.00 3,101,353,000.00 430,150,000.00
Transaction financial asset 98,522,000.00 386,553,000.00
Notes receivable 424,361,000.00 853,406,000.00
Account receivable 2,892,409,000.00 4,193,731,000.00
Account paid in advance 761,884,000.00 1,014,391,000.00
Interest receivable 8,079,000.00 2,412,000.00
Dividend receivable 11,220,000.00 5,090,521,000.00 10,792,000.00 4,962,468,000.00
Other account receivable 888,398,000.00 4,293,672,000.00 884,116,000.00 4,934,969,000.00
Inventories 7,497,306,000.00 7,833,378,000.00
Non-current assets due within 1 year 302,142,000.00 128,064,000.00
Other current assets 317,043,000.00 410,183,000.00
Total current liabilities 16,181,478,000.00 9,650,210,000.00 18,818,379,000.00 10,327,587,000.009
Non-current assets:
Available for sale financial assets 278,773,000.00 162,018,000.00 1,264,613,000.00 1,239,956,000.00
Held to maturity investments
Long-term account receivable 535,209,000.00 501,903,000.00
Long-term equity investment 1,763,794,000.00 2,778,986,000.00 1,602,598,000.00 2,541,719,000.00
Investing property 78,595,000.00 79,244,000.00
Fixed assets 7,520,368,000.00 136,307,000.00 7,153,777,000.00 130,957,000.00
Construction in progress 1,023,128,000.00 21,545,000.00 943,560,000.00 6,662,000.00
Intangible assets 2,719,383,000.00 31,270,000.00 2,645,457,000.00 32,990,000.00
Development expense
Goodwill 1,155,569,000.00 1,150,251,000.00
Long-term deferred expenses 46,690,000.00 8,495,000.00 39,210,000.00 10,184,000.00
Deferred tax assets 370,678,000.00 54,236,000.00 358,871,000.00
Other non-current assets
Total of non-current assets 15,492,187,000.00 3,192,857,000.00 15,739,484,000.00 3,962,468,000.00
Total assets 31,673,665,000.00 12,843,067,000.00 34,557,863,000.00 14,290,055,000.00
Current liabilities:
Short-term borrowings 2,702,222,000.00 536,582,000.00 2,206,688,000.00 100,000,000.00
Transaction financial liabilities 201,469,000.00 148,346,000.00 409,443,000.00 205,109,000.00
Notes payable 692,297,000.00 1,013,448,000.00
Account payable 3,013,132,000.00 4,391,266,000.00
Account received in advance 1,105,595,000.00 687,964,000.00
Employee’s compensation payable 713,310,000.00 266,502,000.00 757,307,000.00 241,309,000.00
Tax payable 433,068,000.00 263,224,000.00 421,815,000.00 141,860,000.00
Interest payable 72,080,000.00 20,910,000.00 51,852,000.00 7,385,000.00
Dividend payable 31,509,000.00 32,456,000.00
Other account payable 2,070,286,000.00 17,045,000.00 1,583,477,000.00 141,048,000.00
Projected liabilities 482,243,000.00 573,046,000.00
Non-current liabilities due within 1 year 123,325,000.00 71,998,000.00 270,358,000.00 174,557,000.00
Other current liabilities
Total current liabilities 11,640,536,000.00 1,324,607,000.00 12,399,120,000.00 1,011,268,000.00
Non-current liabilities:
Long-term borrowings 4,906,247,000.00 4,249,618,000.00 6,548,215,000.00 6,002,938,000.00
Deferred income 20,514,000.00 20,685,000.0010
Long-term payables
Specific payables 21,552,000.00 8,633,000.00
Accrued liabilities 42,353,000.00 41,383,000.00
Deferred tax liabilities 383,667,000.00 605,379,000.00 123,081,000.00
Other non-current liabilities
Total non-current liabilities 5,374,333,000.00 4,249,618,000.00 7,224,295,000.00 6,126,019,000.00
Total liabilities 17,014,869,000.00 5,574,225,000.00 19,623,415,000.00 7,137,287,000.00
Owner’ equity (or shareholder’s equity)
Paid-up capital (or share capital) 2,662,396,000.00 2,662,396,000.00 2,662,396,000.00 2,662,396,000.00
Capital reserves 640,734,000.00 385,764,000.00 1,352,772,000.00 1,118,064,000.00
Surplus reserves 3,577,588,000.00 3,577,588,000.00 3,577,588,000.00 3,577,588,000.00
Provisions for general risks
Retained profits 8,046,329,000.00 1,901,890,000.00 7,669,924,000.00 1,064,613,000.00
Foreign exchange difference -1,908,700,000.00 -1,258,796,000.00 -1,833,779,000.00 -1,269,893,000.00
Total owners' equity attributable to parent
company
13,018,347,000.00 7,268,842,000.00 13,428,901,000.00 7,152,768,000.00
Minority interest 1,640,449,000.00 1,505,547,000.00
Total owner’s equity 14,658,796,000.00 7,268,842,000.00 14,934,448,000.00 7,152,768,000.00
Total liabilities and owner’s equity 31,673,665,000.00 12,843,067,000.00 34,557,863,000.00 14,290,055,000.00
4.2 Income Statement as of report period
Prepared by China International Marine Containers (Group) Co., Ltd. Jul-Sep. 2009
Unit: RMB Yuan
Current period Same period of the previous year
Items
Consolidation Parent company Consolidation Parent company
I. Total sales 4,443,358,000.00 874,000.00 12,949,755,000.00 30,000.00
Including: Sales income 4,443,358,000.00 874,000.00 12,949,755,000.00 30,000.00
II. Total cost of sales 4,566,266,000.00 18,040,000.00 12,411,293,000.00 52,981,000.00
Including: Cost of sales 3,915,990,000.00 48,000.00 11,536,611,000.00 2,000.00
Taxes and associate charges 6,640,000.00 4,130,000.00
Selling expenses 152,173,000.00 275,178,000.00
Administrative expenses 451,612,000.00 30,113,000.00 511,545,000.00 103,266,000.00
Financial expenses 30,874,000.00 -12,121,000.00 104,485,000.00 -50,287,000.00
Impairment loss 8,977,000.00 -20,656,000.00
Add: gain from change in fair value (“-” means
loss)
-23,591,000.00 -6,000.00 227,379,000.00 97,956,000.0011
Gain from investment (“-” means loss) 95,212,000.00 273,294,000.00 -32,656,000.00 35,147,000.00
Including: income form investment on affiliated
enterprise and jointly enterprise
16,959,000.00 48,195,000.00
Foreign exchange difference (“-” means loss)
III. Business profit (“-” means loss) -51,287,000.00 256,122,000.00 733,185,000.00 80,152,000.00
Add: non-operation income 23,812,000.00 1,304,000.00 6,983,000.00 1,146,000.00
Less: non-business expense 3,094,000.00 104,151,000.00 4,235,000.00 3,636,000.00
Including: loss from non-current asset disposal -56,000.00 -7,799,000.00 -32,000.00
IV. Total profit (“-” means loss) -30,569,000.00 153,275,000.00 735,933,000.00 77,662,000.00
Less: Tax expense 15,371,000.00 922,000.00 24,646,000.00 7,672,000.00
V. Net profit (“-” means loss) -45,940,000.00 152,353,000.00 711,287,000.00 69,990,000.00
Attributable to owners of parent company -50,086,000.00 675,775,000.00
Minority interest 4,146,000.00 35,512,000.00
VI. Earnings per share
(I) Basic earnings per share -0.02 0.25
(II) Diluted earnings per share -0.02 0.25
VII. Other comprehensive income -12,954,000.00 -78,251,000.00 -955,839,000.00 -677,573,000.00
VIII. Total comprehensive income -58,894,000.00 74,102,000.00 -244,552,000.00 -607,583,000.00
Attributable to owners of parent company -52,648,000.00 74,102,000.00 -87,685,000.00 -607,583,000.00
Minority interest -6,246,000.00 -156,867,000.00
4.3 Income Statement from the year-begin to the end of report period
Prepared by China International Marine Containers (Group) Co., Ltd Jan.-Sep. 2009
Unit: RMB Yuan
Amount of current period Amount of last period
Items
Consolidation Parent company Consolidation Parent company
I. Total sales 13,885,634,000.00 1,168,000.00 43,120,591,000.00 89,000.00
Including: Sales income 13,885,634,000.00 1,168,000.00 43,120,591,000.00 89,000.00
II. Total cost of sales 14,236,433,000.00 113,121,000.00 41,256,127,000.00 65,222,000.00
Including: Cost of sales 12,022,410,000.00 273,000.00 38,600,087,000.00 5,000.00
Taxes and associate charges 19,922,000.00 12,769,000.00
Selling expenses 464,275,000.00 847,450,000.00
Administrative expenses 1,363,696,000.00 112,438,000.00 1,462,826,000.00 222,684,000.00
Financial expenses 149,022,000.00 410,000.00 322,187,000.00 -157,467,000.00
Impairment loss 217,108,000.00 10,808,000.00
Add: gain from change in fair value (“-” means -81,736,000.00 56,929,000.00 16,850,000.00 -99,673,000.0012
loss)
Gain from investment (“-” means loss) 1,527,775,000.00 1,659,075,000.00 46,345,000.00 289,138,000.00
Including: income form investment on affiliated
enterprise and jointly enterprise
63,741,000.00 74,770,000.00
Foreign exchange difference (“-” means loss)
III. Business profit (“-” means loss) 1,095,240,000.00 1,604,051,000.00 1,927,659,000.00 124,332,000.00
Add: non-operation income 58,391,000.00 5,875,000.00 34,704,000.00 13,279,000.00
Less: non-business expense 6,292,000.00 104,151,000.00 19,694,000.00 4,899,000.00
Including: loss from non-current asset disposal 7,000.00 -1,751,000.00 -46,000.00
IV. Total profit (“-” means loss) 1,147,339,000.00 1,505,775,000.00 1,942,669,000.00 132,712,000.00
Less: Tax expense 285,651,000.00 269,139,000.00 130,729,000.00 -35,813,000.00
V. Net profit (“-” means loss) 861,688,000.00 1,236,636,000.00 1,811,940,000.00 168,525,000.00
Attributable to owners of parent company 775,764,000.00 1,701,602,000.00
Minority interest 85,924,000.00 110,338,000.00
VI. Earnings per share
(I) Basic earnings per share 0.29 0.64
(II) Diluted earnings per share 0.29 0.64
VII. Other comprehensive income -735,945,000.00 -721,203,000.00 -2,072,542,000.00 -1,603,888,000.00
VIII. Total comprehensive income 125,743,000.00 515,433,000.00 -260,602,000.00 -1,435,363,000.00
Attributable to owners of parent company -11,195,000.00 515,433,000.00 -242,159,000.00 -1,435,363,000.00
Minority interest 136,938,000.00 -18,443,000.00
4.4 Cash flow statement from the year-begin to the end of report period
Prepared by China International Marine Containers (Group) Co., Ltd. Jan.-Sep. 2009
Unit: RMB Yuan
Amount of current period Amount of last period
Items
Consolidation Parent company Consolidation Parent company
I. Cash flows from operating activities:
Cash received from sale of commodities and
rendering of service
14,913,464,000.00 41,846,130,000.00 89,000.00
Tax refunds received 448,043,000.00 2,428,243,000.00
Other cash received relating to operating activities 1,243,394,000.00 4,128,272,000.00 513,091,000.00 45,008,740,000.00
Subtotal of cash inflows from operating activities 16,604,901,000.00 4,128,272,000.00 44,787,464,000.00 45,008,829,000.00
Cash paid for purchase of commodities and reception
of service
12,409,001,000.00 40,611,831,000.00
Cash paid to and for employees 1,160,791,000.00 35,505,000.00 1,962,753,000.00 89,320,000.00
Various taxes paid 825,480,000.00 156,640,000.00 828,945,000.00 53,546,000.0013
Payment of cash relating to operating activities 876,172,000.00 3,467,029,000.00 1,639,784,000.00 45,999,431,000.00
Subtotal of cash outflows from operating activities 15,271,444,000.00 3,659,174,000.00 45,043,313,000.00 46,142,297,000.00
Net cash flows from operating activities 1,333,457,000.00 469,098,000.00 -255,849,000.00 -1,133,468,000.00
II. Cash Flows from investment activities:
Cash received from return of investments 1,592,158,000.00 1,607,536,000.00 212,662,000.00 208,643,000.00
Cash received from investment income 6,169,000.00 91,239,000.00 90,247,000.00 120,731,000.00
Net cash received from disposal of fixed assets,
intangible assets and other long-term assets
3,211,000.00 7,867,000.00
Net cash received from disposal of subsidiary or other
operating business units
11,190,000.00 100,000,000.00
Other cash received relating to investment
activities
33,080,000.00 56,311,000.00
Subtotal of cash inflows from investment
activities
1,645,808,000.00 1,698,775,000.00 467,087,000.00 329,374,000.00
Cash paid to acquire fixed assets, intangible assets
and other long-term assets
646,131,000.00 28,830,000.00 1,548,079,000.00 34,105,000.00
Cash paid to investment 207,653,000.00 389,406,000.00 463,984,000.00 352,990,000.00
Net increase of pledged loans
Net cash paid by subsidiaries and other operating
business units
36,038,000.00
Payment of cash relating to other investment
activities
10,939,000.00
Subtotal of cash outflows from investment activities 889,822,000.00 418,236,000.00 2,023,002,000.00 387,095,000.00
Net cash flows from investment activities 755,986,000.00 1,280,539,000.00 -1,555,915,000.00 -57,721,000.00
III. Cash flows from financing activities:
Cash received from absorbing investment 17,500,000.00 0.00
Including: Cash received from increase in minority
interest
Cash received from borrowings 4,894,882,000.00 436,668,000.00 18,344,853,000.00 3,634,219,000.00
Other cash received relating to financing activities
Subtotal of cash inflows from financing activities 4,894,882,000.00 436,668,000.00 18,362,353,000.00 3,634,219,000.00
Cash repayments of amounts borrowed 6,274,646,000.00 1,870,226,000.00 15,161,294,000.00 1,657,971,000.00
Cash paid interest expenses and distribution of
dividends or profit
665,656,000.00 480,863,000.00 1,740,881,000.00 1,513,005,000.00
Including: dividends or profit paid to minority
interest
Other cash payments relating to financing activities
Sub-total of cash outflows from financing activities 6,940,302,000.00 2,351,089,000.00 16,902,175,000.00 3,170,976,000.00
Net cash flow from financing activities -2,045,420,000.00 -1,914,421,000.00 1,460,178,000.00 463,243,000.0014
IV. Effect of foreign exchange rate changes on cash and
cash equivalents
-165,452,000.00 651,000.00 220,188,000.00 -26,712,000.00
V. Increase in cash and cash equivalents -121,429,000.00 -164,133,000.00 -131,398,000.00 -754,658,000.00
Add : Cash and cash equivalents at year-begin 2,822,175,000.00 430,150,000.00 3,017,802,000.00 927,131,000.00
VI. Cash and cash equivalents at the end of the year 2,700,746,000.00 266,017,000.00 2,886,404,000.00 172,473,000.00
4.5 Auditor’s report
Auditor’s opinion: un-audited
