深圳市国际企业股份有限公司2009年第一季度季度报告全文
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Shenzhen International Enterprise Co., Ltd.
The First Quarterly Report 2009
§1. Important Notes
1.1 The Board of Directors, the Supervisory Committee, as well as directors, supervisors and senior
executives of Shenzhen International Enterprise Co., Ltd. (hereinafter referred to as the Company)
warrant that this report does not contain any false or misleading statements or omit any material
facts and all information set forth herein are true, accurate and complete.
1.2 Other than the following directors, other directors attended the Board meeting in person, at
which the first quarterly report 2009 is reviewed.
Name Office title Reason Name of assignee
Xiao Guangsheng Director He went abroad due to business trip Li Jinquan
Li Mugui Director Business trip Li Jinquan
Chen Weihuai Director Business trip Zhao LiJin
1.3 The first quarterly financial report has not been audited.
1.4 Chairman of the Board of the Company Mr. Li Jinquan, General Manager Ms. Song Shengjun
and Person in charge of Accounting and Chief Financial Officer Mr. Zhou Xiaoliang hereby
confirm that the Financial Report of the Quarterly Report is true and complete.
§2 Company Profile
2.1 Main accounting data and financial indicators
Unit: RMB
As at 31 Mar. 2009 As at 31 Dec. 2008 Increase/decrease (%)
Total assets 1,120,591,553.75 1,126,126,509.48 -0.49%
Owner’s equity attributable to parent
company 227,873,788.64 218,861,548.42 4.12%
Share capital 220,901,184.00 220,901,184.00 0.00%
Net assets per share attributable to
owners of parent company 1.03 0.99 4.04%
Jan.-Mar. 2009 Jan.-Mar. 2008 Increase/decrease (%)
Gross revenue 3,724,315.37 3,449,058.92 7.98%
Net profit attributable to owners of
parent company 9,012,240.22 -1,812,407.83 537.25%
Net cash flow arising from operating
activities -7,602,576.75 -37,998,557.67 -79.99%
Net cash flow per share arising from
operating activities -0.03 -0.17 32.35%
Basic earnings per share 0.04 -0.01 840.74%
Diluted earnings per share 0.04 -0.01 840.74%
Return on equity 3.95% 3.95% 4.70%
Return on equity after deducting
extraordinary gains and losses -1.89% 3.95% -0.73%
Items of extraordinary gains and losses Amount from the year-begin
to the end of reporting period
Non-operating income 13,326,821.32
Total 13,326,821.32深圳市国际企业股份有限公司2009年第一季度季度报告全文
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Explanation on items of extraordinary gains and losses:
In Feb. 2009, the Company revitalized the existing properties, receiving RMB 13,326,821.32.
2.2 Total number of shareholders as at the end of reporting period and shares held by the top ten
shareholders not subject to trading moratorium
Unit: Share
Total number of shareholders as at the end of reporting period 21,722
Shares held by the top ten shareholders holding shares not subject to trading moratorium
Name of shareholder (full name) Number of shares not subject to
trading moratorium Type of share
Malaysia Foh Chong & Sons Limited 30,264,192 Domestically listed foreign shares
Shenzhen SDG Co., Ltd. 21,566,857 RMB common shares
Shenzhen Maoye Emporium Ltd 13,577,548 RMB common shares
First Shanghai Securities Limited 16,546,541 Domestically listed foreign shares
F.C. (ASIA) HOLDINGS SDN. BHD. 8,684,194 Domestically listed foreign shares
Shenzhen Taitian Industrial Development Co.,
Ltd. 8,447,602 RMB common shares
Hong Kong Mengxing Industrial Co., Ltd. 2,170,200 Domestically listed foreign shares
Dapu Foh Chong Chemical Co., Ltd. 1,877,800 RMB common shares
YANG JUN 1,560,000 RMB common shares
LETSCON HOLDINGS SDN. BHD. 1,497,172 Domestically listed foreign shares
§3 Significant Events
3.1 Particulars about large-margin change in item of the main accounting statement and financial
index, as well as the reason
√Applicable □Inapplicable
Reason for large-margin increase of prepayment: advances on construction for CBD IA Mall.
3.2 Progress of the significant events and its effects, as well as explanation on solutions analysis
□Applicable √Inapplicable
3.3 Fulfillment of commitments made by the Company, shareholders and the actual controller
□Applicable √Inapplicable
3.4 Warnings of possible losses or major changes of the accumulative net profit achieved during the
period from the beginning of the year to the end of the next reporting period compared with the
same period of last year according to prediction, as well as the reasons
□Applicable √Inapplicable
3.5 Other significant events
3.5.1 Stock investment
□Applicable √Inapplicable深圳市国际企业股份有限公司2009年第一季度季度报告全文
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3.5.2 Visits and interviews received in the reporting period
In the reporting period, there was no field investigation, communication by telephone and written
inquisition from investors.
3.5.3 Other significant events
□Applicable √Inapplicable
§4 Attachment
4.1 Balance Sheet
Prepared by Shenzhen International Enterprise Co., Ltd.. 31 Mar. 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 50,659,032.92 354,392.31 68,414,884.06 26,129,141.95
Settlement fund reserve
Dismantle fund
Transaction financial asset
Notes receivable
Account receivable 1,237,040.86 1,287,719.72
Account paid in advance 1,480,038.00 180,000.00 816,795.00 180,000.00
Premium receivables
Receivables from reinsures
Reinsurance contract reserve
receivables
Interest receivable
Dividend receivable
Other account receivable 7,819,518.96 183,009,608.49 5,898,179.41 158,069,588.23
Financial assets purchased
under agreements to resell
Inventories 979,499,116.34 24,000.00 965,170,729.88
Non-current assets due within 1
year
Other current assets
Total current assets 1,040,694,747.08 183,568,000.80 1,041,588,308.07 184,378,730.18
Non-current assets:
Loans and advance
Available for sale financial assets
Held to maturity investments
Long-term account receivable
Long-term equity investment 6,570,262.84 65,944,253.87 6,570,262.84 65,944,253.87
Investing property 1,729,001.71 1,346,004.74 1,755,450.46 1,365,055.94
Fixed asset 71,372,542.12 20,820,951.73 75,972,488.11 24,754,990.04
Project in construction
Engineering material
Fixed asset disposal
Bearer biological asset
Oil assets深圳市国际企业股份有限公司2009年第一季度季度报告全文
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Intangible assets
Development expense
Goodwill
Long-term expense to be
apportioned 225,000.00 225,000.00 240,000.00 240,000.00
Deferred tax assets
Other non-current assets
Total of non-current assets 79,896,806.67 88,336,210.34 84,538,201.41 92,304,299.85
Total assets 1,120,591,553.75 271,904,211.14 1,126,126,509.48 276,683,030.03
Current liabilities:
Short-term borrowings 6,000,000.00 8,000,000.00
Borrowing from Central Bank
Deposits and due to banks and
other financial institutions
Placements from banks and other
financial institutions
Transaction financial liabilities
Notes payable
Account payable 243,272,627.76 243,472,627.76
Account received in advance 47,956,024.75 1,797,053.00 59,411,157.15 13,412,185.40
Financial assets sold under
agreements to repurchase
Handling charges and commission
payable
Employee ’s compensation
payable 2,992,167.63 1,160,771.11 3,357,743.19 1,318,426.30
Tax payable 838,789.24 3,334,638.24 17,096.76 2,453,401.54
Interest payable 1,002,787.50 1,002,787.50
Dividend payable 5,127,701.36 5,127,701.36 5,127,701.36 5,127,701.36
Other account payable 213,726,450.67 35,657,539.77 210,873,595.06 44,692,535.39
Due to reinsures
Insurance contract reserve
Customer deposits
Amount payables under security
underwriting
Non-current liabilities due
within 1 year 14,994,000.00 14,994,000.00 14,992,300.00 14,992,300.00
Other current liabilities
Total current liabilities 535,910,548.91 62,071,703.48 546,255,008.78 81,996,549.99
Non-current liabilities:
Long-term borrowings 418,000,000.00 418,000,000.00
Debentures payable
Long-term payables
Specific purpose account payables
Provisions for contingent
liabilities 11,801,909.16 11,801,909.16 11,801,909.16 11,801,909.16
Deferred income
Deferred tax liabilities 1,338,066.74 1,440,994.95
Other non-current liabilities深圳市国际企业股份有限公司2009年第一季度季度报告全文
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Total non-current liabilities 431,139,975.90 11,801,909.16 431,242,904.11 11,801,909.16
Total liabilities 967,050,524.81 73,873,612.64 977,497,912.89 93,798,459.15
Owner’s equity
Share capital 220,901,184.00 220,901,184.00 220,901,184.00 220,901,184.00
Capital surplus 72,315,347.06 64,951,444.59 72,315,347.06 64,951,444.59
Less: Treasury Stock
Reserved fund 125,929,834.48 96,841,026.39 125,929,834.48 96,841,026.39
General risk provision
Retained earnings -191,272,576.90 -184,663,056.48 -200,284,817.12 -199,809,084.10
Foreign exchange difference
Total owners' equity attributable
to holding company 227,873,788.64 198,030,598.50 218,861,548.42 182,884,570.88
Minority interest -74,332,759.70 -70,232,951.83
Total owner’s equity 153,541,028.94 198,030,598.50 148,628,596.59 182,884,570.88
Total liabilities and owner’s
equity 1,120,591,553.75 271,904,211.14 1,126,126,509.48 276,683,030.03
4.2 Income Statement
Prepared by Shenzhen International Enterprise Co., Ltd... Jan.- Mar .2009 Unit: RMB Yuan
Amount for this period Amount for the last period
Items
Consolidation Parent company Consolidation Parent company
I. Total sales 3,724,315.37 50,490.00 3,449,058.92 126,962.00
Including: Sales 3,724,315.37 50,490.00 3,449,058.92 126,962.00
Interests income
Premium income
Handling charges and commission
income
II. Total cost of sales 12,844,332.21 -1,023,642.37 7,872,222.75 -3,308,424.71
Including: Cost of sales 3,833,678.64 2,006.54 2,229,555.61 16,390.01
Interests expenses
Handling charges and commission
expenses
Claim expenses-net
Provision for insurance liability
reserve
Expenses for reinsurance accepted
Payments on surrenders
Policyholder dividends
Taxes and associate charges 132,729.19 142,411.72
Selling and distribution expenses 330,505.33 2,425,847.46
Administrative expenses 4,013,991.53 2,001,155.01 4,804,320.49 3,130,432.79
Financial expense 4,533,427.53 -3,026,803.92 -1,729,912.53 -6,455,247.51
Impairment loss
Add: gain/(loss) from change in
fair value (“-” means loss)
Gain/(loss) from investment ( “-”
means loss) 750,000.00 750,000.00
Including: income form
investment on affiliated enterprise深圳市国际企业股份有限公司2009年第一季度季度报告全文
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and jointly enterprise
Foreign exchange difference ( “-”
means loss)
III. Business profit ( “-” means
loss) -8,370,016.84 1,824,132.37 -4,423,163.83 3,435,386.71
Add: non-business income 13,326,821.32 13,326,131.20 1,008,216.30 1,008,216.30
Less: non-business expense 44,372.13 4,235.95 6,985.00
Including: loss from non- current
asset disposal
IV. Total profit ( “-” means loss) 4,912,432.35 15,146,027.62 -3,421,932.53 4,443,603.01
Less: Tax expense 76,035.91
V. Net profit ( “-” means loss) 4,912,432.35 15,146,027.62 -3,497,968.44 4,443,603.01
Attributable to parent company 9,012,240.22 15,146,027.62 -1,812,407.83 4,443,603.01
Minority interest -4,099,807.87 -1,685,560.61
VI. Earnings per share
(I) Basic earnings per share 0.04 0.07 -0.01 0.02
(II) Diluted earnings per share 0.04 0.07 -0.01 0.02
4.3 Cash Flow Statement
Prepared by Shenzhen International Enterprise Co., Ltd... Jan.- Mar .2009 Unit: RMB Yuan
Amount for this period Amount for the last period
Items
Consolidation Parent company Consolidation Parent company
1. Cash flows for operating
activities:
Cash received from sales of goods
or rending of services 3,774,994.23 50,490.00 3,449,058.92 126,962.00
Cash received on deposits and
from banks and other financial
institutions
Net increased cash received on
borrowings from central bank
Cash received on placements from
other financial institutions
Premium received
Cash received from reinsurance
Net increased amount received on
policyholder deposit and
investment
Cash received from disposal of
held for trading financial assets
Interests, handling charges and
commission received
Cash received on placements from
bank, net
Cash received under repurchasing,
net
Refund of tax and fare received
Other cash received relating to
operating activities 1,006,118.96 3,579,035.38 5,807,295.35 38,253,141.54
Sub-total of cash inflows 4,781,113.19 3,629,525.38 9,256,354.27 38,380,103.54
Cash paid for goods and services 2,994,142.40 4,331,721.26
Loans and advances drawn深圳市国际企业股份有限公司2009年第一季度季度报告全文
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Cash paid to central bank, banks
and other financial in stitutions,
net
Claims paid
Interests, handling charges and
commission paid
Dividends paid to policyholders
Cash paid to and on behalf of
employees 3,634,256.13 872,708.86 3,829,579.66 972,445.10
Tax and fare paid 517,495.71 173,356.33 678,074.35 372,065.54
Other cash paid relating to
operating activities 5,237,795.70 32,064,770.44 38,415,536.67 40,546,908.81
Sub-total of cash outflows 12,383,689.94 33,110,835.63 47,254,911.94 41,891,419.45
Net cash flow from operating
activities -7,602,576.75 -29,481,310.25 -37,998,557.67 -3,511,315.91
2. Cash Flows from Investment
Activities:
Cash received from return of
investments 20,000.00 20,000.00
Cash received from investment
income
Net cash received from disposal
of fixed asse ts, intangible assets
and other long-term assets
3,906,285.60 3,906,285.60
Proceeds from sale of subsidiaries
and other operating units 16,000,000.00 16,000,000.00
Other cash received relating to
investment activities
Sub-total of cash inflows 3,926,285.60 3,926,285.60 16,000,000.00 16,000,000.00
Cash paid for acquiring fixed
assets, intangible assets and other
long-term assets
84,253.00 59,160.00
Cash paid for acquiring
investments
Net cash used in loans
Net cash used in acquiring
subsidiaries and other operating
units
Other cash paid relating to
investment activities
Sub-total of cash outflows 84,253.00 59,160.00
Net cash flow from investing
activities 3,926,285.60 3,926,285.60 15,915,747.00 15,940,840.00
3. Cash Flow s from Financing
Activities:
Cash received from absorbing
investment
Including: Cash received from
increase in minority interest
Cash received from borrowings 6,000,000.00 8,000,000.00
Cash received from issuing
debentures
Other proceeds relating to
financing activities深圳市国际企业股份有限公司2009年第一季度季度报告全文
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Sub-total of cash inflows 6,000,000.00 8,000,000.00
Cash paid for settling debt 8,000,000.00 18,481,075.00 18,481,075.00
Cash paid for distribution of
dividends or profit or reimbursing
interest
8,579,559.99 219,724.99 5,116,154.87 438,634.02
Including: dividends or profit paid
to minority interest
Other cash payments relating to
financing activities 3,500,000.00
Sub-total of cash outflows 20,079,559.99 219,724.99 23,597,229.87 18,919,709.02
Net cash flow from financing
activities -14,079,559.99 -219,724.99 -15,597,229.87 -18,919,709.02
4. Effect of foreign exchange rate
changes
5. Increase in cash and cash
equivalents -17,755,851.14 -25,774,749.64 -37,680,040.54 -6,490,184.93
Add : Cash and cash equivalents
at period-begin 68,414,884.06 26,129,141.95 61,342,998.09 11,452,920.30
6.Cash and cash equivalents at the
end of the period 50,659,032.92 354,392.31 23,662,957.55 4,962,735.37
4.4 Auditor’s report
Auditor’s opinion: un-audited
