石家庄宝石电子玻璃股份有限公司2010 年第一季度季度报告全文
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Shijiazhuang Baoshi Electronic Glass Co., Ltd.
The First Quarterly Report 2010
§1 Important Notes
1.1 The Board of Directors and the directors of the Company hereby warrant that there are no
misstatement, misleading representation or important omissions in this report and shall assume
joint and several liability for the authenticity, accuracy and completeness of the contents
hereof.
1.2 The First quarterly financial report of the Company is unaudited.
1.3 Mr. Shang Jianbin , Principal of the Company and the in charge of accounting ,Mr. Zhou Yumao , the
principal of the Accounting Department hereby declare : we guarantee the authenticity and completeness of
the Financial Report in this quarterly report.
§2 Basic Information
2.1 Main accounting Highlights and financial indexes
Unit: RMB
At the end of the report
period
At the end of the last year
Increase/decrease of the
end of report period than
that of the end of the last
year(%)
Total assets（RMB） 364,146,513.87 364,159,627.51 0.00%
Owner’s equity attributable to the parent
company(RMB)
210,604,545.99 216,919,431.39 -2.91%
Stock capital(Share ) 383,000,000.00 383,000,000.00 0.00%
Net assets per share attributable to the parent
company(RMB/share)
0.55 0.57 -3.51%
Amount of current period
Amount of the same period
in last year
Increase /decrease（％）
Total turnover(RMB) 13,569,457.92 25,839,031.02 -47.48%
Net profit attributable to owners of parent
company(RMB)
-6,314,697.99 330,462.73 -2,010.87%
Net cash flow arising from operating
activities(RMB)
-1,601,383.78 -12,276,919.32 -86.96%
Net cash flow per share arising from operating
activities(RMB/share)
-0.0042 -0.03 -86%
Basic earnings per share(RMB/share) -0.0165 0.0009 -1,933.33%
Diluted earnings per share(RMB/share) -0.0165 0.0009 -1,933.33%
Weighted average return on equity（%） -2.95% -0.13% -2.82%石家庄宝石电子玻璃股份有限公司2010 年第一季度季度报告全文
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Weighted average return on equity after
deducting non-recurring gains and losses（%）
-2.95% -0.13% -2.82%
Items of non-current gains and losses
Year begin to end of report
period
Total 0.00
Explanation on important items of extraordinary gains and losses:
None
2.2 Top 10 shareholders and top 10 holders of unconditional shares
Unit：Shares
Total number of shareholders at the end of report
period
32,563 (including 22,629 of A-share holders, and 9,934 of B-share holders
Particulars about the shares held by the top ten tradable shareholders with unrestricted conditions
Full name of shareholder
Amount of tradable shares with
unrestricted conditions held at the end of
report period
Type of shares
Shijiazhuang Baoshi Electronic Group Co., Ltd. 180,628,500 RMB common share
Merchants securities Hongkong Co., Ltd. 3,567,873
Foreign shares placed in domestic
exchange
LI LEON ZHAN WEI 2,961,800
Foreign shares placed in domestic
exchange
Chen Qianfen 2,592,300
Foreign shares placed in domestic
exchange
Chen Lihong 1,807,184
Foreign shares placed in domestic
exchange
Yuan Shifu 1,396,665 RMB common share
CITRINE CAPITAL LIMITED 1,332,319
Foreign shares placed in domestic
exchange
Liugang 1,256,719
Foreign shares placed in domestic
exchange
Jian Liang 1,252,700 RMB common share
Liu Guosheng 971,500
Foreign shares placed in domestic
exchange
§3 Significant Events
3.1 Particular about large-margin change of main accounting statement item and financial index and its
reason.
√ Applicable □ Not applicable
1. Monetary capital decreased because net cash flow from operating activities was negative;
2. Bills receivable decreased due to cashing of banker's acceptance bills upon maturity and payment for goods with bills;
3. Accounts receivable decreased because Electrovacuum Company set off some debts with noble metal;
4. Other receivables increased due to increase of house rent receivable from branch factories of the Group;
5. Inventories increased because Electrovacuum Company set off some debts with noble metal;
6. Operating income decreased due to decrease of income of Glass Tube Factory and Component Factory as a result of decrease of
market demand;
7. Business tax and surtax decreased due to decrease of operating income;石家庄宝石电子玻璃股份有限公司2010 年第一季度季度报告全文
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8. Operating profit decreased due to decrease of income as a result of decrease of market demand of key products;
9. Other cash receipt related to operating activities increased due to exchanging bills for cash with Group Company;
10. Cash paid for goods and services decreased due to control of purchase of stocks as a result of decrease of sales amount;
11. Paid taxes and levies decreased due to decrease of income;
3.2 The progress of significant events and influence, as well as the analysis and explanation on resolving
proposal.
□Applicable √Not applicable
3.3 Implementations of commitments by the Company, shareholders and actual controller
√ Applicable □ Not applicable
Items of commitments Promisee Content of commitments Implementation
Promise in share holding structure
reform
Not applicable Not applicable Not applicable
Commitment of Share conditional
subscription
Shijiazhuang
Baoshi Electronic
Group Co., Ltd.
Commitments made on July 23，2009 ： If
Baoshi Group plans to sell tradable
stocks of Shijiazhuang Baoshi
Electronic Glass Company Limited
through the bid trading system of
Shenzhen Stock Exchange and sell
greater than 5% of shares within six
months after the first sales, Baoshi
Group will disclose the contents
specified by the Form Guide to Prompt
Announcement of Removing Restriction
on Sales of Non-tradable Stocks of
Listed Companies through the prompt
announcement of disclosing sales of
listed companies.
Perform strictly
Commitments made in Acquisition Report
or Reports on Change in interests
Not applicable Not applicable Not applicable
Commitments made in Material assets
Reorganization
Not applicable Not applicable Not applicable
Commitments made in issuing Not applicable Not applicable Not applicable
Other commitments（Including:
supplementary commitments）
Not applicable Not applicable Not applicable
3.4 Estimation of accumulative net profit from the beginning of the year to the end of next report period to
be loss probably or the warning of its material change compared with the corresponding period of the last
year and explanation of reason.
√ Applicable □ Not applicable
Forenotice of earnings Loss
Year beginning to end of
next report period
Same period of the
previous year
Increase or decrease (%)
Estimated amount of
accumulative net
profit(RMB’0000)
-1300.00 -542.51 Decrease 140
Basic earnings per
share(Yuan/share)
-0.034 -0.014 Decrease 140
Notes to forenotice of
earnings Notes to forenotice
of earnings
1. The company’s main products are electronic components of CRT TV package. Owing to
global financial crisis leads the demand reduce and a disruption in products producing,
therefore has the significant decline of the international and domestic CRT market that leads
the demand of color covers and their supporting components sharply drop, additionally it has石家庄宝石电子玻璃股份有限公司2010 年第一季度季度报告全文
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the price significant growth of energy and power, the raw material as well. 12. Continuous
lowering of selling price of products will greatly affect the earnings of the Company for the first half
of 2010.
2.The earnings are forecast according to the current CRT market condition
and the Company's production and operation status. If the fundamental
factors of the industry or the Company change, the accuracy of this
forenotice of earnings may be affected.
3. This forenotice of earnings has not been pre-audited by certified public accountants.
3.5 Other significant events need to be explained
3.5.1 Securities investment
□applicable √ not applicable
3.5.2 Reception of investigations, communications ,or interviews company held in the report period.
In the report period, the company did not accept investigations, communications ,or interviews .
3.5.3 Explanation of other significant events
□applicable √ not applicable
3.6 Derivative Investment
□applicable √ not applicable
3.6.1 Particulars about derivatives investment held at the end of report period
□applicable √ not applicable
§4 Appendix
4.1 Balance sheet
Prepared by Shijiazhuang Baoshi Electronic Glass Co., Ltd. March 31,2010 Unit：RMB
Year-end balance
Year-beginning balance
Items
Consolidated Parent company Consolidated Parent company
Current assets：
Monetary funds 3,285,396.11 3,123,428.78 4,886,779.89 4,720,498.87
Settlement provisions
Capital lent
Transaction finance assets
Bill receivable 318,112.56 318,112.56 807,920.00 807,920.00
Accounts receivable 23,107,225.45 23,107,225.45 67,309,920.21 67,309,920.21
Accounts in advance 759,470.53 759,470.53 778,709.08 778,709.08
Insurance receivable石家庄宝石电子玻璃股份有限公司2010 年第一季度季度报告全文
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Reinsurance receivables
Contract reserve of reinsurance
receivable
Interest receivable
Dividend receivable
Other receivables 27,245,306.38 19,931,606.05 20,249,574.19 13,374,818.39
Purchase restituted finance
assets
Inventory 111,780,674.08 111,637,548.96 68,620,043.61 68,476,918.49
Non-Current assets within one
year
Other Current assets 58,444,332.65 444,332.65 58,444,332.65 444,332.65
Total currents assets 224,940,517.76 159,321,724.98 221,097,279.63 155,913,117.69
Non-current assets
Granted loans and advances
Finance assets available sales
Held-to maturity securities
Long-term account receivable
Long-term equity investment 150,000.00 61,319,306.96 150,000.00 61,319,306.96
Investment property
Fixed assets 107,357,104.84 79,388,980.34 111,131,653.18 82,574,884.25
Construction in progress
Engineering material
Disposal of fixed assets
Consumable biological assets
Oil and gas assets
Intangible assets 12,070,929.97 12,070,929.97 12,152,733.40 12,152,733.40
Expense on research and
development
Goodwill
Long-term expenses to be
apportioned
7,662,661.02 7,662,661.02 7,662,661.02 7,662,661.02
Deferred income tax assets 11,965,300.28 11,965,300.28 11,965,300.28 11,965,300.28
Other non-current assets
Total non-current assets 139,205,996.11 172,407,178.57 143,062,347.88 175,674,885.91
Total assets 364,146,513.87 331,728,903.55 364,159,627.51 331,588,003.60
Current liabilities：
Short-term loans
Loan form central bank
Absorbing deposit and
interbank deposit
Capital borrowed
Transaction financial liabilities
Bill payable 39,999.90
Accounts payable 13,401,616.73 10,969,663.22 13,045,735.64 11,012,726.76
Accounts received in advance 1,456,606.84 1,456,606.84 1,372,029.87 1,372,029.87
Selling financial assets of
repurchase石家庄宝石电子玻璃股份有限公司2010 年第一季度季度报告全文
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Commission charge and
commission payable
Wage payable 5,382,986.51 5,343,557.45 5,189,687.62 5,150,258.56
Taxes payable -1,542,423.25 25,102.27 -1,503,218.37 17,382.12
Interest payable 14,344,595.84 14,173,892.93
Dividend payable
Other accounts payable 31,541,216.37 107,738,046.85 25,871,216.57 102,278,047.05
Reinsurance payables
Insurance contract reserve
Security trading of agency
Security sales of agency
Long-term liabilities due
within1 year
Other current liabilities 68,282,000.00 68,282,000.00
Total current liabilities 132,906,598.94 125,532,976.63 126,431,344.26 119,830,444.36
Non-current liabilities：
Long-term loans
Bonds payable
Long-term accounts payable
Special accounts payable
Projected liabilities
Deferred income tax liabilities
Other non-current liabilities 5,333,494.31 5,333,494.31
Deferred income 145,000.00 145,000.00 145,000.00 145,000.00
Total non-current liabilities 5,478,494.31 145,000.00 5,478,494.31 145,000.00
Total liabilities 138,385,093.25 125,677,976.63 131,909,838.57 119,975,444.36
Owner’s equity(or shareholder’s
equity)：
Share capital 383,000,000.00 383,000,000.00 383,000,000.00 383,000,000.00
Capital public reserve 385,190,502.99 355,857,851.87 385,190,502.99 355,857,851.87
Less：Inventory shares
Special Reserve
Surplus public reserve 27,454,788.05 32,204,150.60 27,454,788.05 32,204,150.60
Provision of general risk
Retained profit -585,040,745.05 -565,011,075.55 -578,725,859.65 -559,449,443.23
Balance difference of foreign
currency translation
Total owner’s equity attributable
to parent company
210,604,545.99 206,050,926.92 216,919,431.39 211,612,559.24
Minority interests 15,156,874.63 15,330,357.55
Total owner’s equity 225,761,420.62 206,050,926.92 232,249,788.94 211,612,559.24
Total liabilities and owner’s
equity
364,146,513.87 331,728,903.55 364,159,627.51 331,588,003.60
4.2 Profit statement
Prepared by Shijiazhuang Baoshi Electronic Glass Co., Ltd. January –March 2010 Unit：RMB
Items This period Same period of last year石家庄宝石电子玻璃股份有限公司2010 年第一季度季度报告全文
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Consolidation Parent Company Consolidation Parent Company
I. Total operating income 13,569,457.92 13,569,457.92 25,839,031.02 25,839,031.02
Including：Operating income 13,569,457.92 13,569,457.92 25,839,031.02 25,839,031.02
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 20,057,826.24 19,131,090.24 25,687,516.38 24,732,083.66
including：operating cost 16,055,048.74 16,055,048.74 21,257,464.27 21,257,464.27
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 28,554.08 28,554.08 322,253.56 322,253.56
Sales expenses 436,555.78 436,555.78 374,616.25 374,616.25
Administration expenses 3,355,724.05 2,600,447.25 3,517,210.76 2,741,458.04
Financial expenses 181,943.59 10,484.39 215,971.54 36,291.54
Losses of devaluation of
assets
Add：changing income of fair
value
Investment income
Including：Investment income on
affiliated company and joint
venture
Exchange income
III.Operating profit -6,488,368.32 -5,561,632.32 151,514.64 1,106,947.36
Add：non-operating income
less：non-operating expense 100.00 100.00
Including：disposal loss of
non-current assets
IV. Total profit -6,488,368.32 -5,561,632.32 151,414.64 1,106,847.36
Less：expense of income tax
V. Net profit -6,488,368.32 -5,561,632.32 151,414.64 1,106,847.36
Net profit attributable to owner’s
equity of parent company
-6,314,697.99 -5,561,632.32 330,462.73 1,106,847.36
Minority shareholders’ gains
and losses
-173,670.33 -179,048.09
VI. Earnings per share
（i）basic earnings per share -0.0165 -0.0145 0.0009 0.0029
（ii）Diluted earnings per
share
-0.0165 -0.0145 0.0009 0.0029
VII. Other comprehensive income石家庄宝石电子玻璃股份有限公司2010 年第一季度季度报告全文
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VIII. Total comprehensive income -6,488,368.32 -5,561,632.32 151,414.64 1,106,847.36
Total comprehensive income
attributable to the owner of the
parent company
-6,314,697.99 -5,561,632.32 330,462.73 1,106,847.36
Total comprehensive income
attributable minority shareholders
-173,670.33 -179,048.09
4.3 Cash Flow Statement
Prepared by Shijiazhuang Baoshi Electronic Glass Co., Ltd. January –March 2010 Unit：RMB
This period Same period of last year
Items
Consolidation Parent Company Consolidation Parent Company
I. Cash flows arising form
operating activities:
Cash received from selling
commodities and providing labor
services
4,695,104.04 4,695,104.04 4,466,965.96 4,466,965.96
Net increase of customer
deposit and interbank deposit
Net increase of loan form
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 assets
Cash received form interest,
commission charge and
commission
Net increase of capital
borrowed
Net increase of returned
business capital
Write-back of tax received 867.61 867.61
Other cash received
concerning operating activities
1,718,268.52 1,508,224.81 360,939.36 145,138.56
Subtotal of cash inflow 6,414,240.17 6,204,196.46 4,827,905.32 4,612,104.52
Cash paid for purchasing
commodities and receiving labor
service
3,431,713.90 3,431,713.90 10,366,138.54 10,366,138.54
Net increase of customer
loans and advances
Net increase of deposits in
central bank and interbank
Cash paid for original
insurance contract compensation
Cash paid for interest,
commission charge and石家庄宝石电子玻璃股份有限公司2010 年第一季度季度报告全文
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commission
Cash paid for bonus of
guarantee slip
Cash paid to/for staff and
worker
2,734,645.67 2,734,645.67 2,200,624.99 2,200,624.99
Taxes paid 1,117,620.24 904,462.84 3,880,126.62 3,666,969.22
Other cash paid concerning
operating activities
731,644.14 730,444.14 657,934.49 641,034.49
Subtotal of cash outflow 8,015,623.95 7,801,266.55 17,104,824.64 16,874,767.24
Net cash flows arising form
operating activities
-1,601,383.78 -1,597,070.09 -12,276,919.32 -12,262,662.72
II. Cash flows arising form
investing activities
Cash received form recovering
investment
Cash received form investment
income
Net cash received form 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 sash inflow
Cash paid for purchasing
fixed, intangible and other
long-term assets
37,930.07 37,930.07
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 37,930.07 37,930.07
Net cash flows arising from
investing activities
-37,930.07 -37,930.07
III. Cash flows arising from
financing activities
Cash received from absorbing
investment
including：Cash received from
absorbing minority shareholders’
investment by subsidiaries
Cash received from loans
Cash received from issuing
bonds
Other cash received
concerning financing activities
Subtotal of cash inflow
Cash paid form settling debts
Cash paid for dividend and
profit distributing or interest石家庄宝石电子玻璃股份有限公司2010 年第一季度季度报告全文
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paying
including：Dividend and profit
of minority shareholder paid by
subsidiaries
Other cash paid concerning
financing activities
Subtotal of cash outflow
Net cash flows arising from
financing activities
IV. Influence on cash due to
fluctuation in exchange rate
V.Net increase of cash and cash
equivalents
-1,601,383.78 -1,597,070.09 -12,314,849.39 -12,300,592.79
Add：Balance of cash and cash
equivalents at the period -begin
4,886,779.89 4,720,498.87 17,507,703.02 17,328,431.91
VI. balance of cash and cash
equivalents at the period-end.
3,285,396.11 3,123,428.78 5,192,853.63 5,027,839.12
4.4 Auditor’ report
Auditor’s opinions：Not audited
