石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
石家庄宝石电子玻璃股份有限公司
SHIJIAZHUANG BAOSHI ELECTRONIC GLASS COMPANY LIMITED
Semi-annual Report 2011
（Full text）
Stock code: 000413, 200413
Stock abbreviation: Baoshi A, Baoshi B
Date of disclosure:：August 29, 2011
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Important notes
The Board of Directors and the directors, Supervisory Committee and supervisors and Senior Executives 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.
Legal representative Mr. Shang Jianbin, Charge of Accounting Works Mr. Wang Lipeng and Charge of Accounting
Institution Mr.Zhou Yumao represent and warrant the financial report in this semi-annual report is true and
complete.
Table of Contents
Section I Basic Information about the Company
Section II Highlights of Financial Data and Indicators
Section III Change of Share Capital and Shareholding of Principal Shareholders
Section IV Directors, Supervisors and Senior Executives
Section V Discussion and Analysis of the Management
Section VI Important Events
Section VII Financial Report (Unaudited)
Section VIII Documents Available for Inspection
Attaching: Financial Report
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Section I Basic Information about the Company
I. Statutory name of the Company
In Chinese: 石家庄宝石电子玻璃股份有限公司
In English: SHIJIAZHUANG BAOSHI ELECTRONIC GLASS COMPANY LIMITED
Abbreviation of English name: SJZBS
II．Stock Exchange for Listing: Shenzhen Stock Exchange
Stock Abbreviation: Baoshi A, Baoshi B
Stock Code: 000413, 200413
III．Registered address: 9 Huanghe Road, Shijiazhuang High-tech Industrial Development Area, Shijiazhuang,
Hebei Province
Office address: 9 Huanghe Road, Shijiazhuang High-tech Industrial Development Area, Shijiazhuang, Hebei
Province
Zip Code: 050035
E-mail: bs@bseg.cn
IV．Legal Representative:Shang Jianbin
V. Secretary of the Board of Directors: Fu Yinfang
Securities affair representative: Wang Hua
Contact address: 9 Huanghe Road, Shijiazhuang High-tech Industrial Development Area, Shijiazhuang, Hebei
Province(the Law Securities Dept. of the Company)
Tel: 0311-86917776、86917771 Fax:0311-86917775
E-mail:bsdz@heinfo.net
VI．Newspapers for Information Disclosure: China Securities Daily, Hong Kong Commercial Daily Website
designated by CSRC for publishing annual report: http://www.cninfo.com.cn
The place for preparing and placing Semiannual report: Law Securities Dept. of the Company
VII. Other relevant information:
1. The date when and the place where the Company made its first registration: December 26, 1992 Shijiazhuang
City
2. Registration No. of Business License of Enterprise Legal : 130000000001040
3. Tax Registration No.: 130111104395983
4. Organization Code：10439598-3
Section II Highlights of Financial Data and Indicators
I Highlights of financial data and indicators
1. Highlights of financial data and indicators
Unit：RMB
At the end of last
End of report year Increase/decrease（％）
year
Total assets 367,271,782.24 374,874,767.46 -2.03
Owners’ equity attributable to shareholders of
210,777,584.13 220,628,410.66 -4.46
the listed company
Share capital 383,000,000.00 383,000,000.00 0.00
Net assets per share attributable to
shareholders of the listed 0.55 0.58 -5.17
company(RMB/share)
In the report
The same period
period (From Increase/decrease（％）
of last year
January-June)
Total operating income 26,820,188.44 29,284,862.53 -8.42
Operating profit -9,976,401.05 -11,929,348.08 16.37
Total profit -10,046,298.56 -11,901,505.08 15.59
Net profit attributable to shareholders of the
-9,850,826.53 -11,585,541.54 14.97
listed company
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Net profit attributable to shareholders of the
listed company after deducting non-recurring -9,780,929.02 -11,557,698.54 15.37
gains and losses
Basic earnings per share(RMB/share) -0.03 -0.03 0.00
Diluted earnings per share(RMB/share) -0.03 -0.03 0.00
Return on equity（%） -4.22% -5.45% 1.23
Net income on asset, weighted and deducted
-4.19%
non-recurring gain/loss(%)
Net cash flow arising from operating activities -9,288,305.16 -2,261,666.84 -310.68
Net cash flow per share arising from operating
-0.024 -0.01 -140.00
activities (RMB/share)
2. Items of non-recurring gains and losses deducted
Items Amount（RMB）
The gains from disposal of non-current assets, Including
48,504.90
the provision for asset impairment write-off part.
Other non-current income and expenditure excluding the
-118,402.41
above-mentioned items.
Total -69,897.51
3.Calculating the return on equity and earnings per share according to No.9 Guidelines on Contents and Format
for Information Disclosure of Compares That Make Public offering of Securities issued by CSRC (Revised In
2010):
Basic Earnings per Diluted earnings per
Return on Equity,
Profit in reporting period(RMB) share share
Weighted (%)
(RMB/share) (RMB/share)
Net profit attributable to shareholders of
-4.22 -0.026 -0.026
ordinary shares of the Company
Net profit attributable to shareholders of
ordinary shares of the Company after -4.19 -0.026 -0.026
deducting non-recurring gains and losses
II. The net profit calculated pursuant to Chinese accounting standards and International Accounting Standards
(IAS) and the notes to the net profit difference
On September 12, 2009, CSRC issued the Circular about Issues Concerning Audit of Companies Issuing
Domestically Listed Foreign Investment Shares. According to the circular, the requirement of dual audit, i.e., a
company issuing domestically listed foreign investment shares should be subject to overseas audit while retaining
a certified public accountants' firm with securities-related qualification for audit, in information disclosure code
previously promulgated would be cancelled from the issue day of the circular. The Company did not prepare
financial report under international accounting standards from 2007. The financial report of the Company was
prepared according to Chinese Accounting Standards for Business Enterprises. So there was no difference arising
from domestic and international accounting standards in the report period.
Section III Change of Share Capital and Shareholding of Principal
Shareholders
I. Particulars schedule of change in share capital
Unit：Shares
Before this change Increase/decrease this time (+ , - ) After this change
Issui Bo Transfe Ot Su
Proport Proport
Amount ng of nus rred he bto Amount
ion ion
new sha from r tal
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
share res reserve
s s
1.Shares with
conditional 181,115 0.05% 181,115 0.05%
subscription
1.State-owned
shares
2.State-owned
legal person shares
3.Other domestic
172,000 0.04% 172,000 0.04%
shares
Incl：Non-state
owned domestic 172,000 0.04% 172,000 0.04%
legal person
shares
Domestic
nature person
shares
4.Foreign
shareholding
Incl ： Overseas
legal person
shares
Foreign nature
person share
5. Executive
9,115 0.00% 9,115 0.00%
shares
II.Shares with
99.95
unconditional 382,818,885 99.95% 382,818,885
%
subscription
1.Common shares 73.84
282,818,885 73.84% 282,818,885
in RMB %
2.Foreign shares
in domestic 100,000,000 26.11% 100,000,000 26.11%
market
3.Foregn shares in
overseas market
4.Other
III. Total of capital
383,000,000 100% 383,000,000 100%
shares
II. Particulars of shareholder (As of June 30, 2011)
(1) Particulars about shares held by shareholders
Unit：Shares
The Company had 23,210 registered
shareholders in total, including 15218
Total number of shareholders
shareholders holding A shares and 7992
shareholders holding B shares..
Particulars about the shareholding of the top ten shareholders
Propo
Nature of Quantity of Condition Pledged
Name of shareholder rtion
shareholder shares held al shares or frozen
(%)
Shijiazhuang Baoshi Electronic State-owned 28.93
110,785,500 0 0
Group Co., Ltd. Legal person %
China Great Wall Asset State-owned 4.60
17,614,880 0 Unknown
Management Corporation Legal person %
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
China East Asset Management State-owned 2.61
10,010,941 0 Unknown
Corporation Legal person %
China Minsheng Banking Co., Ltd.
Fund, financing 2.11
－Huashang Lead Enterprise Mixed 8,073,310 0 Unknown
products and other %
Securities Investment Fund
Guoyuan Securities Brokerage Foreign Legal 0.83
3,190,211 0 Unknown
(Hongkong) Limited person %
Foreign natural 0.77
Shen Guo 2,966,855 0 Unknown
person %
Foreign natural 0.77
LI LEON ZHAN WEI 2,949,200 0 Unknown
person %
NATWEST SECURITIES HONG Foreign Legal 0.71
2,713,799 0 Unknown
KONG LIMITED person %
Foreign natural 0.71
Chen Suoxing 2,710,815 0 Unknown
person %
Foreign natural 0.64
Chen Qianfen 2,434,800 0 Unknown
person %
Top 10 holders of unconditional shares
Name of the shareholder Unconditional shares Type of shares
Shijiazhuang Baoshi Electronic
110,785,500 RMB Common shares
Group Co., Ltd.
China Great Wall Asset
17,614,880 RMB Common shares
Management Corporation
China East Asset Management
10,010,941 RMB Common shares
Corporation
China Minsheng Banking Co., Ltd.
－Huashang Lead Enterprise Mixed 8,073,310 RMB Common shares
Securities Investment Fund
Guoyuan Securities Brokerage Foreign shares placed
3,190,211
(Hongkong) Limited in domestic exchange
Foreign shares placed
Shen Guo 2,966,855
in domestic exchange
Foreign shares placed
LI LEON ZHAN WEI 2,949,200
in domestic exchange
NATWEST SECURITIES HONG Foreign shares placed
2,713,799
KONG LIMITED in domestic exchange
Foreign shares placed
Chen Suxing 2,710,815
in domestic exchange
Foreign shares placed
Chen Qianfen 2,434,800
in domestic exchange
Among the top ten shareholders as listed above, there exists no
associated relationship among the shareholders of legal person share.
Notes to the related relationship
The relation between the top ten shareholders was unknown. It was
between the top ten shareholders or
unknown whether they are persons taking concerted action specified in
their concerted action
Regulations on the Information Disclosure of the Change of
Shareholding of Shareholders of Listed Companies.
2．Shareholding changes in shareholders who hold 5% of the shares of the company.
At the end of the reporting period, the shareholder holding 5% of the shares of the company is Shijiazhuang
Baoshi Electronics Group Co., Ltd., holding 110,785,500 shares of the company, All stocks were tradable
outstanding stocks. Nothing has changed compared with the beginning of the reporting period,
III. Change of the controlling shareholder and actual controller of the Company
The controlling shareholder of the company is Shijiazhuang Baoshi Electronic Group Co., Ltd. Legal
representative: Li Zhaoting,. Registered capital: RMB 0.85 Billions, Shijiazhuang State-owned Assets
Administration Committee owned 52.94%,Hebei Dongxu Investment Group Co., Ltd owned 47.06%. Business
scope of company is: production and sales of bulbs of CTT and the matched series of components, hi-efficient
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
energy-saving fluorescent tubes, induction lamps; manufacture of tools and moulds, installation and maintenance
of machinery and equipment; project supervision (in accordance with the operation qualifications); general hotel
and dinner services (operated only by branches); house and equipment lease; self-support or agent for the import
and export business of different commodities and technologies, except for the goods and technology restricted and
prohibited by laws and regulations.
On June 29,2011，Shijiazhuang State-owned Assets Regulatory Commission entrusted Hebei Property Right
Transaction Center to publicly assign 22.94% state-owned equity of Shijiazhuang Baoshi Electronic Group Co.,
Ltd., the controlling shareholder of the Company, during the period from June 30, 2011 to July 27, 2011 (Refer to
the Announcement of Progress of Assignment of State-owned Equity of Baoshi Group published on China
Securities Daily, Hong Kong Commercial Daily and www.cninfo.com.cn on June 30, 2011 for details .
On August 2, 2011，22.94% state-owned equity of Shijiazhuang Baoshi Electronic Group Co., Ltd. was acquired
by Dongxu Group Co., Ltd.On August 2, 2011, after examination by Hebei Property Right Transaction Center.
Shijiazhuang State-owned Assets Commission and Dongxu Group Co., Ltd. jointly signed Contract for
Assignment of State-owned Equity of Shijiazhuang Baoshi Electronic Group Co., Ltd.( Refer to the
Announcement of published on China Securities Daily, Hong Kong Commercial Daily and www.cninfo.com.cn
on August 3-5 ,2011.
In the report period, The actual controller of the Company is the State-owned Assets Supervision and
Administration Commission of Shijiazhuang ("Shijiazhuang SASAC").
After the completion of the above-mentioned equity assignment, the Municipal State-owned Assets Commission
and Dongxu Group Co., Ltd. will respectively hold 30% and 70% equity of Baoshi Group. The largest shareholder
of Baoshi Group and the actual controller of the Company will both change. The effectiveness of this equity
assignment contract shall be subject to approval by National State-owned Assets Commission.
Section IV Particulars about Directors, Supervisors, Senior Executives
and Staff of the Company
I. Change of Shareholding of Directors, Supervisors and Senior Executives
In the report period, there was no change in shares held by directors, supervisors and senior executives of the
Company.
2.In the report period, there was no engagement or dismissal of directors, supervisors and senior executives.
V. Discussion and Analysis of the Management
I．Brief analysis of the operating results and financial position (pursuant to consolidated financial statements)
Unit：RMB
I Consolidated Balance Sheet Items
Amount at
Amount Variable
Item Beginning of Variable Reason
at End of Period Proportion
period
Monetary
fund 872,664.11 10,211,579.96 -91.45 Sales decreased, increasing purchase materials
Account The returned money has decreased in the report period
receivable 5,660,788.91 4,981,279.84 13.64
Inventories 148,119,287.51 144,051,281.62 2.82 Dull sale，stock products increased.
2.Consolidated Profit Statement Items
Amo
Amount
Item unt Variable Variable Reason
of Prior Period
of This Proportion
Period (%)
Financial The interest has decreased after returning the loan to the
27,990.75 475,764.27 -94.12
expenses Finance Bureau
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Business tax
420,016.01 76,504.95 449.00
and surcharge With the increasing of the subsidies and service income
3.Consolidated Statement of Cash Flow Items
Amount
Item Amount Variable Variable Reason
of Prior Period
of This Period Proportion(%)
Cash received for
selling products and With the increasing of the subs
57.809.281.13 47,944,565.25 20.58
supplying labor idies
service
Cash paid for
With the increasing of the subs
purchasing of
53,540,762.12 42,265,680.22 26.68 idies, increasing purchase
merchandise and
materials
services
With the increasing of the subs
Taxes paid 4,841,276.61 1,827,818.68 164.87
idies and lease income
Other cash paid for With the increasing of The sub
3,312,984.68 735,052.83 350.71
business activities sidies
Cash paid to staff With the increasing of the subs
and that paid for 8,084,676.84 5,963,472.66 35.57 idies and salary of the workers
staff
II. Business Highlights in the Report Period
(1). The scope and status of its key business
Business scope: production and sales of Electronic vacuum glass components and supporting electronic
components; export of self-produced goods of the Company, and import of mechanical equipment, spare parts,
and raw and auxiliary materials needed by the Company (other than goods and technologies that are limited to
operate or prohibited to import and export by China); production and sales of hydrogen, oxygen, and nitrogen.
In the report period, domestic CRT market shrank rapidly and the output and sales of the Company's key products
decreased by big margin. The management of the Company actively developed new businesses, new products and
new channels for profit growth while stabilizing existing domestic and foreign markets of glass tube and pin. The
Company strengthened the undertaking of processing, development and production and enhanced its equipment
production capacity. The processing capacity of A-frame and overflowing bricks has been steadily enhanced and
the business capacity of Xubao Engineering Company has also been gradually enhanced. In the report period, the
Company produced 19.72 million pins and 1.90million anode caps and glass tubes was718.391 tons respectively.
The sales volume of pins, anode caps and glass tubes was 18.01 million, 1.007 million and 506.512 tons
respectively. In the report period, The income from operation income ,operation profit and net profit of the
Company were RMB 26.8202 million , RMB -9.9764 million and RMB-10.1073 million . The market share of the
product Pin was around 70.00%, The market share of the product Anode Cap of the was around 50.00% and the
market share of the product Glass Tubes was around 50%.
(2) Particulars of main operation
（1）Table of the status of main operation in terms of industry business :
Increase or
Increase/decrea Increase/decrea decrease of
Gross se of income se of cost of Gross profit
In terms of Income from Cost of main profit from main main operation ratio from
business line main operation operation ratio operation over over the main
（%） the previous previous year operation over
year (%) (%) the previous
year (%)
Kinescope
parts and Decreased by
1579.91 1900.69 -20.30 -34.00 -30.08
components 6.74%
for color TV
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Increase or
Increase/decrea Increase/decrea decrease of
Gross se of income se of cost of Gross profit
In terms of
Income from Cost of main profit from main main operation ratio from
business
main operation operation ratio operation over over the main
product
（%） the previous previous year operation over
year (%) (%) the previous
year (%)
Kinescope
parts and Decreased by
1579.91 1900.69 -20.30 -34.00 -30.08
components 6.74%
for color TV
（2）Table of the status of main operation in terms of area：
In terms of area Income from main Increase or decrease (%)
operation
North China 1579.91 -34.00
(3) In the report period, the Company did not conduct other business operation activities having material influence
on the profit for the report period.
（4） In the report period, there existed no net profit impact on the Company from the investment income of
single shareholding companies, reaching over 10%.
（5）The operation information of the controlling company
（i）With registered capital of RMB 540.68 million, Shijiazhuang Baoshi Color Glass Bulb Co., Ltd. (SBCB). In
the report period, The Company owns 81.26% equity of SBCB. In the report period, SBCB accomplished net
profit of RMB -1.3688 million in the report period.
（ii）With registered capital RMB 8 million, Hebei Xubao Construction Installation Engineering Co, Ltd.，The
Company owns 100% equity of SBCB. In the report period, The Company earned operating income of
RMB4.1072 million and net profit of RMB 0.3762 million.
（6）Operating quest and solve project
The situation of technical upgrading of panel television and quick replacement of CRT color TV has basically
formed in China. The traditional CRT color TV market has been gradually transferred to developing countries
including India and Africa. But CRT market of developing countries including India has been rapidly converted
into panel television market in recent period. As a result, the market demand of developing countries on color
bulbs and supporting parts and components has decreased by big margin.
The Company's leading products are electronic components supporting CRT color TV. With the rapid recession of
CRT TV industry in the first half year, the key business of the Company rapidly shrank despite its strong market
competitiveness in respect of technology, scale and product quality. Besides, the price of raw and auxiliary
materials and energy and power rose sharply. As a result, the selling price of products exceeded their cost. The
management of the Company actively adjusted product structure, integrated equipment technology, strengthened
the undertaking of processing, development and production by Electronic Equipment Dept. and Machine
Maintenance Mould Factory, tried to improve their operating results and make up the operating loss caused by
decrease of production capacity of parts and components of color TV kinescope to the greatest extent, controlled
the stock of raw materials and finished products more strictly, sold products more by cash, strengthened recovery
of arrears and lowered product cost to seek the sustainable development of the Company.
As the furnace of glass tube production line has reached the time limit for overhaul and product price exceeded
product cost due to serious shrinkage of product market, the Company has started overhaul and technical
renovation of the furnace and tried to make full use of the versatility of furnace, adjust product variety and
enhance furnace efficiency based on full market investigation.
(3)Investment of the Company in the report period
(1)The Company did not raise funds in the report period. The funds raised previously were not carried forward
into the report period for utilization.
(2)There were no important investment projects utilizing non-raised funds in the report period.
(4) Neither the company publicly disclosed the profit forecast nor the business plan of this year.
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Section VI Important Events
1. Particulars about corporate governance
The Company has unceasingly improved its corporate governance structure strictly according to the requirements
of relevant laws and regulations and regulatory documents including the Company Law, the Securities Law,
Guidelines for Governance of Listed Companies, Stock Listing Rules of Shenzhen Stock Exchange and the
Articles of Association of the Company. The Company formulated and perfected rules and regulations according
to actual situation and the requirements of relevant national laws and regulations and regulatory documents. The
internal control system established basically covers each level and each link of the Company's operation and has
been implemented so as to ensure continuous enhancement of its operation level. In the opinion of the board of
directors of the Company, the Company's corporate governance has basically met the requirements of CSRC and
Shenzhen Stock Exchange.
With the Company's operation development and gradual perfection of national laws and regulations, the
Company's internal control system demands systematization. A complete set of perfect, linked and long-lasting
internal control mechanism should be formed to realize the enhancement of the Company's management level and
optimized allocation of enterprise resources.
Meanwhile, the Company shall further strengthen information disclosure management, internal report system and
disclosure of related transactions, strictly abide by the provisions of the Company Law, the Securities Law and
Stock Listing Rules of Shenzhen Stock Exchange, timely, truthfully, accurately and completely perform the
obligation of information disclosure and improve the quality of information disclosure.
2. 2010 annual general meeting of the Company held on June 21, 2011 adopted 2010 profit distribution plan of
neither distributing profit nor capitalizing part of capital common reserve fund.
3. The Company planned neither to distribute profit nor to capitalize capital surplus for the interim period of 2011.
4. There were no material lawsuits or arbitration in the report period.
5. In the report period, the Company had no other investments.
6. In the report Period, the Company had no major events of acquisition & sale of assets and assets restructuring
during the report period or before the period but continued to this report period
7. Material related transactions
(1). The related transactions in respect of purchase and sales of commodities and provision of labor service
Contents of Transaction Pricing Mode of Proportion of Influence on
transactions amount principle settlement the same kind the profit of the
(RMB) of transaction Company
Related parties
Sale high-lead Make price Currency 8,131,602.46 68.91 Profit
Glass tube and two sides increase
Purchase Energy agreementprice Currency 7,465,596.35 100.00 Less
and two sides Influence
Provision agreementprice Currency 3,750,000.00 100.00 Profit
Of labour and two sides increase
Services received Real Currency 1,532,414.36 100.00 Less
happened Influence
Services charges Make price Currency 942,000.00 100.00 Profit
Baoshi Group and two sides increase
（ controlling Purchase agreementprice Currency Less
1,114,337.99 7.83
shareholder ） materials and two sides Influence
Plant decoration agreement
Budget Currency 4,004,459.13 100.00 Profit
increase
Provide repair Make price Currency 82,075.48 26.54 Profit
service and two sides increase
Provide Mould agreementprice Currency 19,660.86 21.03 Profit
Service and two sides increase
Sales materials Make price Currency 31,232.63 67.28 Profit
and two sides increase
agreement
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Contents of Transaction Pricing Mode of Proportion of Influence on
transactions amount principle settlement the same kind the profit of the
(RMB) of transaction Company
Related parties
Shijiazhuang
Baoshi
Large-diameter
plastic tube Make price
Provide repair Profit
Co., ltd. and two sides Currency 31,630.00 10.23
service increase
(Controlled by agreement
the same
parent
company)
Hebei Energy
Saving
Lighting
Technology Make price
Provide repair Profit
Co., Ltd. and two sides Currency 120,250.00 38.89
service increase
(Controlled by agreement
the same
parent
company)
Dongxu Group
Co., ltd.
Controlled by Cost and
Profit
the same A-frame reasonable Currency 1,712,487.17 100.00
increase
parent profit
company key
management
Shijiazhuang
Baodong
Electronic Co.,
Make price
Ltd. Profit
Sales materials and two sides Currency 15,190.77 32.72
(Controlled by increase
agreement
the same
parent
company)
2. In the report period, the Company had no related transactions of assets acquisition & sale.
3.In the report period, the company did not know the asset transfer & Debt Restructuring Information of Related
Party
4. The Company was not involved in related transactions caused by external investment with related parties in
the report period.
5. The credit (debt) relationship between the Company and related parties
（1）Account Receivable
Amoun Influence on the
Reason of formation
t Company
2,666,9
Baoshi Group Profit increase
03.08 Operating debts
Decreased the occupatio
Shijiazhuang Baoshi Electronic -7,624,
Noble metal mortgage de n of capital of the related
vacuum Glass Co., Ltd. 288.45
bt parties
10
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
186,050
Puyang Baoshi Glass Co., Ltd. Profit increase
.75 Operating debts
-355,31
Dongxu Group Co, Ltd. Less Influence
2.40 Operating debts
（2）Other receivable
Reason of
Amount Influence on the Company
formation
Shijiazhuang Baoshi Xuming Tube
1,277,941.69 Profit increase
Co., Ltd. Operating debts
Shijiazhuang Baoshi Large-diameter
7,752,832.00 Profit increase
plastic tube Co., Ltd. Operating debts
Shijiazhuang Baodong Electronic
1,265,241.20 Profit increase
Co.,Ltd. Operating debts
Shijiazhuang Baoshi Zhonghe Steel
4,561,470.82 Profit increase
Plastic Shape Co., Ltd. Operating debts
Shijiazhuang Baoshi Lighting Co.,
771,384.81 Profit increase
Ltd. Operating debts
Shijiazhuang Baoshi Electronic
8,048,731.38 Profit increase
vacuum Glass Co., Ltd. Operating debts
Puyang Baoshi Glass Co., Ltd. 1,066,930.25 Operating debts Profit increase
（3）Other payable
Reason of
Amount Influence on the Company
formation
Needs of operation
Baoshi Group 24,225,793.62
Operating debts
Shijiazhuang Baoshi Xuming Tube
410,000.00 Less Influence
Co., Ltd. Operating debts
8. Important contracts and their performance
(1). The Company did not hold in trust or contract for or lease the assets of other companies nor did other
companies hold in trust, contract for or lease the assets of the Company in the report period.
The company has leased the dynamic energy assets of water, electricity and natural gas supply to Baoshi Group,
and relevant staffs are exported for labor service. Within the report period, the company collects leasing fee of
assets of RMB942,000.00 and labor fee of RMB 3,750,000.00 from Baoshi Group.
(2). The Company did not provide guarantee to others in the report period.
On September 18, 2006, the Company provided guarantee, together with Shijiazhuang Baoshi Electronic Group
Co., Ltd., for the application of Shijiazhuang Construction Investment Co., Ltd. for loan of RMB 70 million) with
some land and houses (with appraised value of RMB 30.3018 million) (The valid guarantee value for the
Company is RMB 18.80 million). The guarantee period is one year. The type of guarantee is mortgage guarantee.
This guarantee has expired. In respect of the loss that may occur to the Company due to this guarantee, the
controlling shareholder has made corresponding commitment.
(3) The Company did not entrust others to manage its cash assets in the report period nor did such
entrustment occurred in previous periods continue in the report period.
9. The special statement and independent opinions of the independent directors of the Company on fund
occupation by related parties and external guarantee of the Company
Yu Rengang, Han Zhiguo and Zhang Junhao, the independent directors of the Company, expressed independent
opinions as follows:
We carefully examined and verified the status of the fund transfer between Shijiazhuang Baoshi Electronic Glass
Co., Ltd. and its related parties in the first six months of 2011 and the guarantee provided by the Company on
accumulative basis and in current period. In our opinion:
1.Shijiazhuang Baoshi Electronic Vacuum Glass Co., Ltd. -- the subsidiary of the controlling shareholder Baoshi
Group, the management of company shall consult with Shijiazhuang Baoshi Electronic Vacuum Glass Co., Ltd.
and urge it to repay the sum.
2. In the report period, no new external guarantee matter happened to Shijiazhuang Baoshi Electronic Glass Co.,
11
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Ltd. As of the end of the report period, the accumulative amount of the guarantee provided by the Company was
RMB 18.80 million, which has now expired. In respect of the loss that may occur to the Company due to this
guarantee, Baoshi Group Co. has made corresponding commitment. At present, the Company's production and
operation is in sound condition.
The Company should actively take actions and urge the guaranteed party to repay loans.
In the report period, the Company did not provide guarantee to the controlling shareholder and its subsidiaries.
10. The commitments made by the Company and shareholders holding over 5% of the total shares of the
Company
Items of Promisee
Content of commitments Implementation
commitments
Commitments made on July 23，2009 ： If Baoshi
Group plans to sell tradable stocks of Shijiazhuang Baoshi
Shijiazhuang Electronic Glass Company Limited through the bid trading
Promise in system of Shenzhen Stock Exchange and sell greater than
Baoshi
share holding 5% of shares within six months after the first sales, Baoshi Perform strictly
Electronic
structure Group will disclose the contents specified by the Form
Group Co.,
reform Guide to Prompt Announcement of Removing Restriction
Ltd.
on Sales of Non-tradable Stocks of Listed Companies
through the prompt announcement of disclosing sales of
listed companies.
11. Selling of stocks of the Company by the controlling shareholder of the Company
In the report period,
In the report period,
The company controlling shareholders did not have a reduction of shares of the Baoshi Group
12..Punishment and rectification to the Company
In the report period, all the directors, supervisors, senior Executives and Staff of the Company did not receive
inspections, administrative penalties, notices of criticism from China Securities Regulatory Commission and
public condemn from Shenzhen Stock Exchange.
13.Other important events
The Companies held no shares in the unlisted financial enterprises or the companies that was going to be listed.
14.The Company's acceptance of investigation and research and interview
In the report period, the Company did not accept investigation and research or interview. On May 24, 2011, the
company attended the collective on-line illustration meeting about achievements of 2010 of the listed companies
under Hebei Province’s Jurisdiction which is held by Hebei Securities Regulatory Bureau at Hebei Langfang
Akdiya International Hotel.
15. Index of announcements published
No Events Date Official presses and website
of
publi
shing
2011-001 Announcement of Restoration of Listing of Shijiazhuang 2011. China Securities Daily, Hong
Baoshi Electronic Glass Co., Ltd. 1.6 Kong Commercial Daily and
http://www.cninfo.com.cn
2011-002 Forenotice of Earnings for 2010 2011. The same as above mentioned
1.31
2011-003 Earnings prediction 2011 2011. The same as above mentioned
4.13
2011-004 Forenotice of Earning’s for the first Quarterly of 2011 2011. The same as abovementioned
4.13
2011-005 2010 annual report of the Company and its summary 2011. The same as abovementioned
4.28
2011-006 Announcement of the resolutions of 10th Meeting of the 2011. The same as abovementioned
Sixth Board of Directors 4.28
2011-007 Announcement of the 9th Meeting of sixth Supervisor 2011. The same as abovementioned
Committee 4.28
12
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
2011-008 Announcement of Expected Daily Related Transactions in 2011. The same as abovementioned
2011 4.28
2011-009 Notice of Holding 2010 annual shareholders’ General 2011. The same as abovementioned
Meeting 4.28
2011-010 The first Quarterly Report 2011 2011. The same as abovementioned
4.28
2011-011 Notice of Online Briefing of Earnings for 2010 2011. The same as abovementioned
5.19
2011-012 Announcement of Resolutions of 2010 annual shareholders’ 2011. The same as abovementioned
General Meeting 6.22
2011-013 Announcement of Progress of Assignment of State-owned 2011. The same as abovementioned
Equity of Baoshi Group 6.29
2011-014 Announcement of Progress of Assignment of State-owned 2011. The same as abovementioned
Equity of Baoshi Group 6.30
Section VII Financial Reports
1.The financial report of the semi-annual report has not been audited.
2.Accounting statement (Attached hereinafter)
(1)Balance Sheet
(2) Profit statement
(3)Cash Flow Statement
(4)Statement on changes of owners’equity
3. Notes to Financial Statements (Attached hereinafter)
Section VIII Documents Available for Inspection
1.The original Interim report bearing the signature of the Chairman of the Board of Directors of the Company;
2.The text of the financial report bearing the seal and signature of the person in charge of the Company, financial
controller and the person in charge of accounting organ
3.The original of all Company’s documents and the original manuscripts of announcements publicly disclosed on
China Securities Daily and Hong Kong Commercial Daily in the report period.
Shijiazhuang Baoshi Electronic Glass Co., Ltd.
Board chairman:Shang Jianbin
August 25,2011
13
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Shijiazhuang Baoshi Electronic Glass Co., Ltd.
2011 semi-annual Financial Report
Balance Sheet
Profit Statement
Cash Flow Statement
Statement on changes of owners’equity
Notes to Financial Statements
14
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Balance Sheet
Prepared by: Shijiazhuang Baoshi Electronic Glass Co., Ltd. June 30, 2011 Unit：RMB
Year-end balance Year-beginning balance
Items
Consolidation Parent Consolidation Parent
Current asset： company company
Monetary fund 872,664.11 92,069.03 10,211,579.96 5,070,664.29
Settlement provision
Outgoing call loan
Trading financial
assets Bill receivable 220,000.00 220,000.00
Account receivable 5,660,788.91 2,993,885.83 4,981,279.84 3,368,199.03
Prepayments 2,339,176.02 608,365.02 2,126,128.23 687,262.23
Insurance receivable
Reinsurance receivable
Provisions of
Reinsurance receivable
Interest contracts
receivable
Dividend receivable
Other account 29,577,988.94 19,188,673.12 25,277,592.84 16,361,345.94
receivable
Repurchasing of
financial assets
Inventories 148,119,287.51 146,594,690.39 144,051,281.62 142,143,136.10
Non-current asset due
in 1 yearOther current asset 58,293,867.02 293,867.02 58,293,867.02 293,867.02
Total of current assets 245,083,772.51 169,991,550.41 244,941,729.51 167,924,474.61
Non-current assets：
Loans and payment
on other’s behalf disbursed
Disposable financial
asset Expired investment in
possessLong-term receivable
Long term share equity 150,000.00 69,319,306.96 150,000.00 69,319,306.96
investment
Property investment
Fixed assets 90,746,437.37 65,650,259.17 98,327,858.73 72,088,430.52
Construction in
progress
Engineering material
Fixed asset disposal
Production physical
assets Gas & petrol
Intangible assets 11,661,912.82 11,661,912.82 11,825,519.68 11,825,519.68
R & D petrol
Goodwill
Long-germ expenses 7,664,359.26 7,664,359.26 7,664,359.26 7,664,359.26
amortized
to beDiffered income tax 11,965,300.28 11,965,300.28 11,965,300.28 11,965,300.28
asset Other non-current
asset Total of non-current 122,188,009.73 166,261,138.49 129,933,037.95 172,862,916.70
assetsTotal of assets 367,271,782.24 336,252,688.90 374,874,767.46 340,787,391.31
Current liabilities
Short-term loans
Loan from Central
Bank Deposit received and
hold for others
15
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Call loan received
Trade off financial
liabilitiesBill payable 39,999.90
Account payable 12,768,888.00 9,919,887.49 14,633,283.17 10,932,484.29
Advance payment 10,247,365.46 9,600,558.86 9,227,402.63 9,227,402.63
Selling of
repurchased financial assetsand
Fees
commissions receivable wage
Employees’ 5,258,660.36 5,219,231.30 4,477,561.33 4,438,132.27
payableTax payable -2,142,506.79 -522,696.14 1,699,764.65 1,102,144.85
Interest payable
Dividend payable
Other account 46,349,778.80 117,337,783.03 39,979,810.93 111,274,641.41
payableReinsurance fee
payableInsurance contract
provision
Entrusted trading of
securities
Entrusted selling of
securities
Non-current liability
1
due inOtheryearcurrent liability 66,227,000.00 66,227,000.00
Total of current liability 138,749,185.73 141,554,764.54 136,244,822.71 136,974,805.45
Non-current liabilities：
Long-term loan
Bond payable
Long-term payable
Special payable
Expected liabilities
Differed income tax
liabilityOther non-current
liabilities
Differed income 125,000.00 125,000.00 125,000.00 125,000.00
Total of non-current 125,000.00 125,000.00 125,000.00 125,000.00
liabilities of liability
Total 138,874,185.73 141,679,764.54 136,369,822.71 137,099,805.45
Owners’ equity
Share capital 383,000,000.00 383,000,000.00 383,000,000.00 383,000,000.00
Capital reserves 387,380,227.13 358,047,576.01 387,380,227.13 358,047,576.01
Less：Shares in stock
Special reserves
Surplus reserves 27,454,788.05 32,204,150.60 27,454,788.05 32,204,150.60
Common risk
provisionUndistributed profit -587,057,431.0 -578,678,802.2 -577,206,604.5 -569,564,140.7
Different of foreign 5 5 2 5
currency translation equity
Total of owner’s 210,777,584.13 194,572,924.36 220,628,410.66 203,687,585.86
to the parent
belongMinority shareholders’ 17,620,012.38 17,876,534.09
company
equityTotal of owners’ equity 228,397,596.51 194,572,924.36 238,504,944.75 203,687,585.86
Total of liabilities and 367,271,782.24 336,252,688.90 374,874,767.46 340,787,391.31
equity
owners’Representative of the Company：Shang Jianbin
Legal Person in charge of accounting organ: Wang Lipeng
Person in charge of accounting institutes: Zhou Yumao
16
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Profit statement
Prepared by: Shijiazhuang Baoshi Electronic Glass Co., Ltd. January-June 2011 Unit :RMB
Report period Same period of the previous year
Items Parent Parent
Consolidation Consolidation
company company
I. Total operating
26,820,188.44 22,712,994.72 29,284,862.53 29,284,862.53
income
Including ： Operating
26,820,188.44 22,712,994.72 29,284,862.53 29,284,862.53
income
Interest income
Insurance gained
Commission charge
and commission income
II. Total operating cost 36,796,589.49 31,757,759.18 41,214,210.61 39,528,172.52
including ： operating
29,645,303.24 26,538,225.06 33,243,116.83 33,243,116.83
cost
Interest expense
Operating tax and
420,016.01 317,858.18 76,504.95 76,504.95
extras
Sales expenses 359,099.05 359,009.05 749,265.94 749,265.94
Administration
6,344,180.44 4,504,841.90 6,669,558.62 5,325,637.39
expenses
Financial
27,990.75 37,734.99 475,764.27 133,647.41
expenses
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 -9,976,401.05 -9,044,764.46 -11,929,348.08 -10,243,309.99
Add ： non-operating
48,504.90 48,504.90 27,888.90 27,888.90
income
less ： non-operating
118,402.41 118,401.94 45.90 45.90
expense
Including：disposal
loss of non-current assets
IV. Total profit -10,046,298.56 -9,114,661.50 -11,901,505.08 -10,215,466.99
Less ： expense of
61,049.68
income tax
V. Net profit -10,107,348.24 -9,114,661.50 -11,901,505.08 -10,215,466.99
Net profit attributable
to owner’s equity of parent -9,850,826.53 -9,114,661.50 -11,585,541.54 -10,215,466.99
company
Minority
shareholders’ gains and -256,521.71 -315,963.54
losses
VI. Earnings per share
（i）basic earnings
-0.03 -0.02 -0.03 -0.02646
per share
17
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
（ ii ） Diluted
-0.03 -0.02 -0.03 -0.02646
earnings per share
VII. Other
comprehensive income
VIII. Total
-10,107,348.24 -9,114,661.50 -11,901,505.28 -10,215,466.99
comprehensive income
Total comprehensive
income attributable to the -9,850,826.53 -9,114,661.50 -11,585,541.54 -10,215,466.99
owner of the parent company
Total comprehensive
income attributable minority -256,521.71 -315,963.54
shareholders
Legal Representative of the Company：Shang Jianbin Person in charge of accounting organ: Wang Lipeng
Person in charge of accounting institutes: Zhou Yumao
Cash flow statement
Prepared by: Shijiazhuang Baoshi Electronic Glass Co., Ltd.
January-June 2011 Unit :RMB
Report period Same period of the previous year
Items Parent Parent Parent
Consolidated
company company company
I.Cash flows from
operating activities
Cash received from
sales of goods or rending of 57,809,281.13 54,192,296.48 47,944,565.25 47,944,565.25
services
Refunded expenses
27,490.84 27,490.84 7,947.48 7,947.48
of taxation received
Other cash receipts
26,546,23.12 449,725.91 577,844.82 367,755.86
related to operating activities
Subtotal of cash
60,491,395.09 54,669,513.23 48,530,357.55 48,320,268.59
inflow
Cash paid for
purchasing commodities and 53,540,762.12 48,474,050.34 42,265,680.22 42,265,680.22
accepting labor services
Cash paid to and for
8,084,676.84 7,922,576.68 5,963,472.66 5,963,472.66
staff and workers
Expenses of taxation
4,841,276.61 2,516,544.85 1,827,818.68 1,614,661.28
paid
Other cash payments
3,312,984.68 734,936.62 735,052.83 733,852.83
related to operating activities
Subtotal of cash
69,779,700.25 59,648,108.49 50,792,024.39 50,577,666.99
outflow
Net cash flow from
-9,288,305.16 -4,978,595.26 -2,261,666.84 -2,257,398.40
operating activities
II. Cash flow from
investing activities:
Cash received from
investment recovery
Cash received from
obtaining investment income
Net cash received from
the disposal of fixed assets, 30,294.12 30,294.12
intangible assets and other
18
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
long-term assets
Net cash received from
subsidiaries and other
operational units
Other cash receipts
related to investing activities
Subtotal of cash
30,294.12 30,294.12
inflow
Cash paid for
constructing or purchasing
50,610.69 24,230.77 24,230.77
fixed assets, intangible assets
and other long-term assets
Cash paid for
investment
Net Increase Impawn
for Loans
Net cash received from
subsidiaries and other
operational units
Other cash paid for
investment activities
Sub-total of cash
outflow due to investment 50,610.69 24,230.77 24,230.77
activities
Net cash flow
-50,610.69 6,063.35 6,063.35
generated by investment
III.Cash flow generated
by financing
Cash received as
investment
Incl: Cash received as
investment from minor
shareholders
Cash received as
loans
Cash received from
bond placing
Other financing
–related ash received
Sub-total of cash
inflow from financing
activities
Cash to repay debts
Cash paid as dividend,
profit, or interests
Incl: Dividend and
profit paid by subsidiaries to
minor shareholders
Other cash paid for
financing activities
Sub-total of cash
outflow due to financing
activities
Net cash flow generated
by financing
19
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
IV. Influence on cash
due to fluctuation in
exchange rate
V.Net increase of cash
-9,338,915.85 -4,978,595.26 -2,255,603.49 -2,251,335.05
and cash equivalents
Add：Balance of cash
and cash equivalents at the 10,211,579.96 5,070,664.29 4,886,779.89 4,720,498.87
period -begin
VI. balance of cash and
cash equivalents at the 872,664.11 92,069.03 2,631,176.40 2,469,163.82
period-end.
Legal Representative of the Company：Shang Jianbin Person in charge of accounting organ: Wang Lipeng
Person in charge of accounting institutes: Zhou Yumao
20
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Consolidated Statement on Change in Owners’ Equity
Prepared by : Shijiazhuang Baoshi Electronic Glass Co., Ltd. January-June 2011 Unit：RMB
Amount of the Current term Amount of the previous term
Owner’s equity Attributable to the Parent Company Owner’s equity Attributable to the Parent Company
Minor Minor
Comm Total of Comm Total of
Items Capital Less: Special Surplus Attribu sharehol Capital Less: Special Surplus shareho
Share on risk Othe owners’ Share on risk Attributa owners’
reserve Shares ized reserve table ders’ reserve Shares ized reserve Other lders’
Capital provisi r equity Capital provisi ble profit equity
s in stock reserve s profit equity s in stock reserve s equity
on on
383,00 387,38 -577,20 383,00 385,19 232.24
I.Balance at the end of last 27,454, 17,876,5 238,504, 27,454, -578,725, 15,330,
0,000.0 0,227.1 6,604.5 0,000.0 0,502.9 9.788.9
year 788.05 34.09 944.75 788.05 859.65 357.55
0 3 2 0 9 4
Add: Change of accounting
policy
Correcting of previous errors
Other
383,00 387,38 -577,20 383,00 385,19 232.24
II.Balance at the beginning of 27,454, 17,876,5 238,504, 27,454, -578,725, 15,330,
0,000.0 0,227.1 6,604.5 0,000.0 0,502.9 9.788.9
current year 788.05 34.09 944.75 788.05 859.65 357.55
0 3 2 0 9 4
-10,
III.Changed in the current -9,850, -256,521 2,189,7 1,519,25 2,546,1 6,255,1
107,348.
year 826.53 .71 24.14 5.13 76.54 55.81
24
-9,850, -256,521 -10,107, 1,519,25 2,546,1 4,065,4
（I） Net profit
826.53 .71 348.24 5.13 76.54 31.67
2,189,7 2,189,7
（II）Other misc.income
24.14 24.14
-9,850, -256,521 -1,0107, 2,189,7 1,519,25 2,546,1 6,255,1
Total of (I) and (II)
826.53 .71 348.24 24.14 5.13 76.54 55.81
(III) Investment or
decreasing of capital by
owners
1. Capital inputted by owners
2．Amount of shares paid and
accounted as owners’ equity
3. Other
（IV）Profit allotment
1.Providing of surplus
reserves
2.Common risk provision
3.Allotment to the owners (or
shareholders)
4. Other
21
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
(V)Internal transferring of
owners’ equity
1. Capitalizing of capital
reserves (or to capital shares)
2. Capitalizing of surplus
reserves (or to capital shares)
3 ． Making up losses by
surplus reserves.
4. Other
(VI) Special reserves
1. Provided this year
2．Used this term
383,00 387,38 -587,05 383,00 387,38 238,50
IV. Balance at the end of this 27,454, 17,620,0 22,8397, 27,454, -577,206, 17,876,
0,000.0 0,227.1 7,431.0 0,000.0 0,227.1 4,944.7
term 788.05 12.38 596.51 788.05 604.52 534.09
0 3 5 0 3 5
Legal Representative of the Company：Shang Jianbin Person in charge of accounting organ: Wang Lipeng
Person in charge of accounting institutes: Zhou Yumao
22
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Parent Company Statement on Change in Owners’ Equity
Prepared by : Shijiazhuang Baoshi Electronic Glass Co., Ltd. January-June 2011 Unit：RMB
Amount of the Current term Amount of the previous term
Common Common
Items Less: Total of Less: Total of
Share Capital Special Surplus risk Attributa Share Capital Special Surplus risk Attributa
Shares in owners’ Shares in owners’
Capital reserves reserve reserves provision ble profit Capital reserves reserve reserves provision ble profit
stock equity stock equity
s s
I.Balance at the end of last 383,000,0 358,047,5 32,204,15 -569,564, 203,687,5 383,000,0 355,857,8 32,204,15 -559,449, 211,612,5
year 00.00 76.01 0.60 140.75 85.86 00.00 51.87 0.60 443.23 59.24
Add: Change of accounting
policy
Correcting of previous
errors
Other
II.Balance at the beginning of 383,000,0 358,047,5 32,204,15 -569,564, 203,687,5 383,000,0 355,857,8 32,204,15 -559,449, 211,612,5
current year 00.00 76.01 0.60 140.75 85.86 00.00 51.87 0.60 443.23 59.24
III.Changed in the current -9,114,66 -9,114,66 2,189,724 -10,114,6 -7,924,97
year 1.50 1.50 .14 97.52 3.38
-9,114,66 -9,114,66 -10,114,6 -10,114,6
（I） Net profit
1.50 1.50 97.52 97.52
2,189,724 2,189,724
（II）Other misc.income
.14 .14
-9,114,66 -9,114,66 2,189,724 -10,114,6 -7,924,97
Total of (I) and (II)
1.50 1.50 .14 97.52 3.38
(III) Investment or
decreasing of capital by
23
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
owners
1. Capital inputted by
owners
2．Amount of shares paid and
accounted as owners’ equity
3. Other
（IV）Profit allotment
1.Providing of surplus
reserves
2.Providing of common risk
provisions to the owners (or
3.Allotment
shareholders)
4.Other
(V) Internal transferring of
owners’ equity
1. Capitalizing of capital
reserves (or to capital shares)
2. Capitalizing of surplus
reserves (or to capital shares)
3 ． Making up losses by
surplus reserves.
4. Other
(VI) Special reserves
1. Provided this year
2．Used this term
IV. Balance at the end of this 383,000,0 358,047,5 32,204,15 -578,678, 194,572,9 383,000,0 358,047,5 32,204,15 -569,564, 203,687,5
term 00.00 76.01 0.60 802.25 24.36 00.00 76.01 0.60 140.75 85.86
Legal Representative of the Company：Shang Jianbin Person in charge of accounting organ: Wang Lipeng
Person in charge of accounting institutes: Zhou Yumao
24
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Shijiazhuang Baoshi Electronic Glass Co., Ltd.
Notes to financial statements
As of June 30, 2011
(Referring to notes to consolidated financial statements unless separately stated. Currency: RMB)
I.Brief introduction of the Company
Shijiazhuang Baoshi Electronic Glass Co., Ltd.(Hereinafter referred to as “ The Company”)is a company listed
with Shenzhen stock Exchange which issued domestically listed ordinary shares (A shares) and domestically listed
foreign-capital shares (B shares). The approved business scope of the Company is the manufacturing and sales of
kinescope bulb and kinescope for black-and –white TV. Due to the abrupt change of domestic TV market in 1997,
the Company’s production line producing kinescope bulb and kinescope for black –and-white TV stopped
production from June 1997. The Company held provisional general meeting on March 30, 2000. The meeting
passed the resolution for selling this production line to its controlling shareholder Shijiazhuang Baoshi Electronic
Group CO., Ltd.(the Controllin Co.) to exchange it for the componentfactory of the Controlling Co. engaged in the
production of kinescope part of color TV.
The Company has a controlled subsidiary called Shijiazhuang Baoshi Color Bulb Co., Ltd. a wholly-owned
subsidiary called Hebei Xubao Construction and Installation Engineering Co., Ltd. and five branch factories, i.e.,
Component Branch Factory, Machine Maintenance Branch Factory, Working Mould Branch Factory, Electronic
Equipment Dept. and Phase-II Glass Tube Project Branch Factory.
Registration No. of Business License: 130000000001040
Address: No.9, Huanghe Road, Shijiazhuang High-tech Industrial Development Area, Shijiazhuang, Hebei
Province
Legal Representative: Shang Jianbin
Business scope: production and sales of electric vacuum glass components and supporting Electronic
components; export of self-produced goods of the Company, and import of mechanical equipment, spare parts, and
raw and auxiliary materials needed by the Company (other than goods and technologies that are limited to operate
or prohibited to import and export by China); production and sales of hydrogen, oxygen, and nitrogen.
II. Major accounting policies, accounting estimates and prophase errors of the Company
(1) Basis for preparing financial statements：
The Company’s financial statement is prepared on the basis of sustainable operation, and recognized and
measured based on transactions and events that actually occur and in accordance with provisions of the Accounting
Standards of Business Enterprises and its application guidelines issued by the Ministry of Finance on February 15,
2006.
2.Statement on complying with enterprise accounting standards
The Company state: the financial statements prepared are in line with the requirements in enterprise accounting
standards in line with of system, and have truly and completely reflected of the financial status, operational results,
cash flow, and other relevant information.
3.Accounting year: from January 1 to December 31 as one accounting year.
4.Standard currency for bookkeeping：The Company takes RMB as the standard currency for bookkeeping.
5. Accounting treatment methods of the merger of enterprises under the control of the same company and
different companies
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Enterprise merger refers to the transaction or event where two or more separate enterprises merge to form one
reporting body. It is divided into the merger of enterprises under the control of the same company and different
companies.
(1) Merger of enterprises under the control of the same company
The Company’s assets and liabilities obtained from the enterprise merger are measured according to the book
value of the merged party on the date of merger. The balance between the book value of net assets and the merger
consideration price paid (or an aggregate of par value amount of issued shares) is used to adjust the capital reserve.
Where the capital reserve is insufficient to deduct, adjust the retained earnings. Costs directly related to the merger
of the merger party are recorded to the current profit and loss. For the merger of majority interests, assets and
liabilities of the merger party are measured in the consolidated balance sheet according to their book values.
(2) Merger of enterprises under the control of different companies
The merger cost is the fair value of the paid assets, occurred or incurred liabilities, and issued equity securities
which are used to obtain the control right over the merged party on the date of purchase. For enterprise merger
achieved through multiple exchanges and transactions, the merger cost is the sum of all costs of each individual
transaction. Costs directly related to the merger of the merger party are recorded to to the current profit and loss.
① For mergers, the balance of the merger cost over the obtained recognizable net assets and fair value quota
of the merged party during the merger is recognized as goodwill. The balance of the merger cost smaller than the
obtained recognizable net assets and fair value quota of the merged party during the merger is recorded to the
current profit and loss.
② For the merger of majority interests, the recognizable assets and liabilities of the merged party are listed in
the consolidated balance sheet according to the fair value determined in the merger. The balance of the merger cost
over the obtained recognizable net assets and fair value quota of the merged party during the merger is recognized
as goodwill in the consolidated balance sheet on the date of purchase. The balance of the merger cost smaller than
the obtained recognizable net assets and fair value quota of liabilities of the merged party during the merger is
recorded to the current profit and loss.
6. Compiling method of consolidated accounting statements
The Company compiles consolidated accounting statements according to the provisions of Accounting
Standards of Business Enterprises No. 33 – Consolidated Financial Statement stipulated by the Ministry of Finance.
The Company begins to merge the revenues, costs, and profits of the corresponding period from the date when
the Company obtains the actual control right over the subsidiary, and stops to merge the revenues, costs, and profits
of the corresponding period from the date when the Company loses the actual control right over the subsidiary. All
major balances, transactions and unrealized profits in the Group have been offset during the compiling of
consolidated accounting statements.
The owner’s interests of subsidiaries that are incorporated in the merger and that do not belong to the Group
are listed in the minority interests under the subject of owner’s interests of the consolidated balance sheet. The net
profit and loss of the current period that belong to minority interests are listed in the minority profit and loss under
the net profit subject of the consolidated income statement.
7.Cash and cash equivalents
The cash stated in cash flow statement refers to cash in hand and bank deposits usable for payment at any time.
Cash equivalent refers to the investments with holding period of less than three months that are readily convertible
to known amouunt of cash and subject to insignificant risk of changes in value.
8.Foreign currency translation
Transactions denominated in foreign currencies are translatedf into RMB at the applicable basic ratesof
exchange quoted by the People’s Bank of China ( “PBOC”) prevailing at the dates of the transaction. On the
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
balance sheet day, foreign currency monetary item shall be converted at the benchmark exchange rate on the
balance sheet day. The exchange difference resulting from difference between spot exchange rate and that
recognized initially or the benchmark exchange rate on the prior balance sheet day shall be calculated into the profit
and loss of current period; foreign currency non-monetary item measured by historical cost shall still be converted
at the spot exchange rate on the transaction day and the recording currency sum shall not changed. The exchange
difference resulting from foreign currency loan related to qualified assets under acquisition, construction and
production shall be handled by the principle of borrowing costs capitalization.
9.Financial tools
（1）Classification ,confirmation and Measurement method of Finanicial tools
1）Classification of initial confirmation of financial assets and financial liabilities.
A financial instrument refers to a contract that forms the financial assets of an enterprise and forms the
financial liabilities or equity instruments of other enterprises. When a company becomes a party of a financial
instrument contract, a financial asset or liability is recognized.
Financial assets are classified into four categories during the initial recognition: (1) financial assets that are
measured by their fair values and whose changes are recorded in the current profit and loss, including tradable
financial assets and financial assets that are specified to be measured by their fair values and whose changes are
recorded in the current profit and loss; (2) held-to-maturity investments; (3) loans and accounts receivable; (4)
financial assets available for sale.
Financial liabilities are classified into two categories during the initial recognition: (1) financial liabilities that are
measured by their fair values and whose changes are recorded in the current profit and loss, including tradable
financial liabilities and financial liabilities that are specified to be measured by their fair values and whose changes
are recorded in the current profit and loss; (2) other financial liabilities.
2) Measurement method of financial Tools
The Company measures financial assets by their fair values during the initial recognition. During the
subsequent measurements, the measurement methods vary with assets.
(1) For financial assets that are measured by their fair values and whose changes are recorded in the current
profit and loss, the initial amount are recognized by their fair values at the time of obtainment and the related
transaction costs are recorded into the profit or loss of the current period. The paid cash dividends or bond interests
included in the payment are separately recognized as accounts receivable. Interests or cash dividends obtained
during the holding period are recognized as investment revenues. The gain or loss that is measured by the fair value
on the date of balance sheet and is formed by the changes of the fair value is recorded into the profit or loss of the
current period. During the disposal of financial assets, the balance between the fair value and the initial recorded
amount is recognized as investment revenues. At the same time, the changed profit and loss of the fair value are
adjusted.
(2) For the held-to-maturity investments of the Company, the sum of fair values of financial assets at the time
of obtainment and the related transaction fees are recognized as the initial recognition amount. Where the paid bond
interests are included in the payment, the paid bond interests are separately recognized as accounts receivable.
During the holding period, the interest income is calculated and recognized according to the actual interest rate and
amortized cost, and recorded into the investment revenue. During the disposal of financial assets, the balance
between the price at the time of obtainment and the book value is recognized as the investment revenue.
(3) For accounts receivable generated by selling goods or providing services, the initial amount is recognized
by the price stipulated in the contract or agreement. During the holding period, the subsequent measurement is
conducted based on the amortized cost and actual interest rate method. During the collection and disposal of
accounts receivable, the balance between the price at the time of obtainment and the book value is recorded into the
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
current profit and loss.
(4) For financial assets available for sale, the sum of fair values of financial assets at the time of obtainment
and the related transaction fees are recognized as the initial recognition amount. Where the paid bond interests or
cash dividends are included in the payment, the paid bond interests or cash dividends are separately recognized as
accounts receivable. Interests or cash dividends obtained during the holding period are recognized as investment
revenues. The gain or loss that is measured by the fair value on the date of balance sheet and is formed by the
changes of the fair value is directly recorded into the capital reserve. During the disposal of financial assets, the
balance between the price at the time of obtainment and the book value is recognized as the investment revenue. At
the same time, the changes of the fair value that is originally recorded into the capital reserve are carried forward to
the investment revenue.
Financial assets that are measured by their fair values and whose changes are recorded in the current profit and
loss are recognized by their fair values at the time of obtainment and the related transaction fees are directly
recorded into the profit or loss of the current period. During the holding period, the subsequent measurement is
conducted based on the fair value. For other financial liabilities, the initial amount is recognized by the sum of their
fair values at the time of obtainment and related transaction fees. During the holding period, the measurement is
conducted based on the amortized cost and actual interest rate method.
（2）Recognition basis and measurement method of the transfer of financial assets
1) Recognition of the transfer of financial assets:
In the following situations, the Company recognizes the transfer of financial assets and terminates the
recognition of financial assets when the Company transfers almost all the risks and rewards of the ownership of
financial assets to the transferee.
① The Company sells financial assets by means of non-recourse.
②The Company sells financial assets and enters into an agreement with the buyer at the same time, which
stipulates that the Company will repurchase the financial assets at their fair values on the date when the prescribed
term ends.
③The Company sells financial assets and enters into an agreement of put option with the buyer at the same
time. The put option is a material out-of-the-money option from the contract terms.
2) Measurement of the transfer of financial assets
When financial assets are transferred overall, the balance of the book value of the transferred financial assets
over the received consideration price and accumulated fair value changes that are originally and directly recorded
to the owner’s equity is recognized and recorded into the current profit and loss.
When financial assets are transferred partly, the overall book value of the transferred financial assets, between
the derecognized part of and the non-derecognized part, is apportioned according to their relative fair values
respectively, and according to the book value of the derecognized part and the received consideration of the
derecognized part and the corresponding derecognition sum in the accumulated fair value alteration amount that is
directly included into the owner’s rights and interests originally, it should be recognized after apportionment to this
accumulated amount according to the relative fair value of the derecognized part in the financial assets.
(3) Condition of terminating the recognition of financial liabilities
Only if the existing obligations of financial liabilities have been removed wholly or partly, the financial
liabilities can be terminated to recognize wholly or partly.
(4) Determination of fair values of financial assets and financial liabilities
If there’s an active market for financial assets or liabilities, the fair value is recognized by the quotation in the
active market. If there’s no an active market for financial assets or liabilities, the fair value is recognized by the
evaluation. For initially obtained or originative financial assets or undertaken financial liabilities, the fair value is
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
recognized based on the market transaction price. Where the fair value of financial instruments is recognized by the
future cash flow discount method, the discount rate is the market yield rate of other financial instruments that are
substantially same in contract terms and features. Where the short-term accounts receivable whose interest rate is
not indicated and the balance between the present value of accounts payable and the actual transaction price is
small, the measurement is conducted based on the actual transaction price.
(5) Test and extraction of impairment provision of financial assets
On the date of the balance sheet, the Company checks the book value of financial assets other than the
financial assets that are measured by their fair values and whose changes are recorded in the current profit and loss.
Where there is an objective evidence to indicate that the financial assets are impaired, the impairment provision is
accrued. Financial assets whose single amount is great are conducted with an impairment test separately. Financial
assets whose single amount is not great can be conducted with an impairment test either separately or jointly in
financial asset portfolios with the feature of credit risks.
For loans, accounts receivable, and held-to-maturity investments, the impairment provision is accrued based
on the balance between the present value and the book value of the estimated future cash flow. If there is an
objective evidence to indicate that the value has been restored after the accrual, the previously-recognized
impairment loss can be recovered and recorded into the current profit and loss.
If an impairment occurs to financial assets available for sale, even if this financial asset is not derecognized,
the accumulated losses that are caused by the reduced fair value and that are originally and directly recorded in the
owner’s interests should be transferred out and recorded into the current profit and loss, Among which, for the debt
instrument available for sale, if the fair value increases subsequently, the original impairment provision can be
recovered and recorded into the current profit and loss. For the equity instrument available for sale, the impairment
provision shall not be recovered through the profit or loss.
10.Account receivables
(1) Account receivable belong t individual significance and individually assessed for impairment
Judgment criteria or amount standard Accounts receivable whose balance ranks the top five or whose
of material specific amount or amount amount of receivables accounts for over 10% of total accounts
criterial receivable.
Provision method with material The Company conducts a separate impairment test on accounts
specific amount and provision of specific receivable whose single amount is great. Where there is an
bad debt preparation objective evidence to indicate that the impairment occurs, the
impairment loss is recognized based on the balance of the present
value smaller than the book value of the future cash flow, and the
bad debt provision is accrued.
(2) Account receivable belong t individual significance and non-material and individually assessed for
impairment
The company conducted an impairment test on significant or insignificant receivables and set aside no bad ebt
provisions for those of which there were no objective evidences indicating impairment.
Account receivable with non-material specific amount but specific bad debt preparation
(3) Account receivable with non-material specific amount but specific bad debt preparation
Reason for bad debt Single receivables that the amount is not significant and appropriation of
provision bad debt provisions by group cannot reflect their risk characteristics
Method of appropriation of How much the present value of the future cash flows is lower than their
bad debt provision book value.
11. Inventories
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Inventories including raw materials, products in production, Low-value consumable goods, goods in stock,
spare parts, are listed depending on which is lower between cost and net value realizable.
For stock releasing, accounts by month-end weighted average method. For the consuming of Consumable Goods of
Low Value, uses once conversion method to account the cost. For the consuming of packaging materials, accounts
it to the cost at one time. For the cost of finished products and products in production including the raw materials,
direct labor, all indirect production costs under normal production capacity, and the conversion of the cost of
inventory sold, accounts by month-end weighted average method.
For inventory at period end, accounts the inventory price falling reserve according to the difference between
the cost of individual inventory project and the net value realizable. For the inventories that have similar purposes
and relate to the products in the same region, and in fact, are difficult to distinguish the serial products from other
items, collectively account the price falling reserve; For inventories that have large quantity but low in price,
account the price falling reserve according to stock categories. For the net value realizable in accordance with the
normal production process, determine the amount by the estimated stock price minus the estimated cost, cost of
sales and related taxes.
12. Long-term equity investment
Long-term equity investments includes the equity investment on subsidiaries, consolidated enterprises and
joint enterprises and other equity investments prepared to hold more than one year.
(1) Initial measures:
(i) For the long-term equity investments formed by the merger of enterprises, determines its initial investment costs
in accordance with the following provisions:
For the corporate merger under the same control, the merging parties paying by cash, transfer of non-cash
assets, or the means of debt bearing as the merger price. The merger should be made in accordance with the
combined book value of the owner's equity share of the equity investment as a long-term investment in the initial
cost, long-term equity investment initial investment costs the cash payment, transfer of the non-cash assets and the
assumption of debt by book value to the difference between the adjusted capital surplus; for surplus less than the
offset capital, adjusts the retained earnings; for the merging parties with the issuance of securities as interest on the
price of the merger, the merger should be made in accordance with the merging parties the rights of owners book
value of equity shares as a long-term investment in the initial cost of the investment. In accordance with the issued
shares and total value of equity, long-term equity investments and the cost of initial investment by issuing shares of
a face value of the difference between the amount should be adjusted capital surplus; for Less capital surplus,
adjusts the retained earnings.
Long-term equity investment formed by the merger of enterprises under different control, determine the initial cost
of long-term equity investment according to the cost of enterprise merger at the date of purchase.
12. Long-term equity investment
Long-term equity investments includes the equity investment on subsidiaries, consolidated enterprises and
joint enterprises and other equity investments prepared to hold more than one year.
(1) Initial measures:
(i) For the long-term equity investments formed by the merger of enterprises, determines its initial investment costs
in accordance with the following provisions:
For the corporate merger under the same control, the merging parties paying by cash, transfer of non-cash
assets, or the means of debt bearing as the merger price. The merger should be made in accordance with the
combined book value of the owner's equity share of the equity investment as a long-term investment in the initial
cost, long-term equity investment initial investment costs the cash payment, transfer of the non-cash assets and the
assumption of debt by book value to the difference between the adjusted capital surplus; for surplus less than the
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
offset capital, adjusts the retained earnings; for the merging parties with the issuance of securities as interest on the
price of the merger, the merger should be made in accordance with the merging parties the rights of owners book
value of equity shares as a long-term investment in the initial cost of the investment. In accordance with the issued
shares and total value of equity, long-term equity investments and the cost of initial investment by issuing shares of
a face value of the difference between the amount should be adjusted capital surplus; for Less capital surplus,
adjusts the retained earnings.
Long-term equity investment formed by the merger of enterprises under different control, determine the initial cost
of long-term equity investment according to the cost of enterprise merger at the date of purchase.
Combination of businesses not under common control shall have as the investment cost the fair value of the
assets expended, the liabilities incurred or assumed and the equity securities issued to acquire the control over the
business on the purchase day. If the fair value of the purchase cost is higher than that of the purchased part of the
identifiable net assets in business combination, the difference shall be seen as good will while if it is lower, the
difference shall be recorded in the profit and loss of the period.
(ii) Besides the long-term equity investment obtained by the other way of the merger, determine the initial
investment cost in accordance with the following provisions:
For such combination by cash, the purchase price actually expended shall be taken as the investment cost; if by
issuing equity securities, it shall be the fair value of such securities; for the long-term equity investments by
investors, the value set by the investment contract or agreement shall be the investment cost unless the set value is
not fair; for the long-term, essentially commercial and fair value reliably measurable equity investments acquired
by means of non-monetary assets exchange, the fair value and the expended taxes shall be the investment cost and
the difference between the book value of the expended assets and the fair value shall be recorded in the profit and
loss of the period; and for the long-term equity investments arising of debts restructuring, the fair value shall be the
investment cost and the difference between the fair value and the book value of the restructured debts shall be
recorded in the profit and loss of the period.
(2) Follow-up measurement:
(i)For the long-term equity investments that do not have joint control or significant influence on subsidiaries, have
no market quotations, the and the fair value can not be reliably measured, accounts by the cost method..
For the cash dividend or profit declared by the units invested, recognizes it as current investment income.
Confirmation of investment income is restricted to cumulative net profit of sub-quotas after units invested receiving
the investments. For the part that surpass the above amount, recovers it as the initial investment cost.
(ii) For the long-term equity investments that have joint control or significant influence on the units invested,
accounts it by the method of equity.
Upon the acquiring of the long-term equity investment, based on the fair assets value recognized by the units
invested, confirm the investment losses or gains and adjust the account value of long-term equity investment after
adjusting the net losses and gains achieved by the units invested. The owning part of the profit and cash dividends
declared by the units invested, correspondingly reduce the book value of the long-term equity investment. For the
other changes in the rights of the owners apart from the net gains and losses of the units invested, adjusts the book
value of the long-term equity investments and recognizes it as capital surplus. Adjust the book value of long-term
equity investment and include it in owner's equity.
(3) Basis for confirming joint control and significant impact towards the invested unit
Joint control refers to the common control towards certain economic activity in accordance with agreement of
contract. When the outward investment of company conforms to the following situations, confirm the joint control
towards the invested unit: ① any joint operational party shall not separately control the production and operation
activities of the joint enterprise; ② any strategic decision related to the basic operation activity of the joint
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
enterprise shall be agreed by all joint operational parties; ③ all joint operational parties may appoint any of joint
operational parties to manage the daily activities of the joint enterprise by contract or agreement; nevertheless, the
operational party shall exercise the right of management within the scope of financial and operational policies that
have been jointly approved by all joint operational parties.
When the company’s outward investment conforms to the following situations, confirm the significant
impact towards the invested unit: ① having representatives in such authority institution as the Board of
Directors in the invested unit; ② participating in the strategy formulation process of the invested unit, including
formulation of dividend distribution policy; ③ occurring significant trade with the invested unit; ④ dispatching
management staff to the invested unit; ⑤ providing key technology materials to the invested unit. When the
company directly holds more than 20% but less than 50% shares with right to vote or by subsidiary, it is generally
recognized to have significant impact on the invested unit.
(4)On the date of balance sheet, accounts it according to which is lower between the book value of long-term
equity investments and the amount recoverable, if the amount recoverable is lower than the book value, accounts
the assets devaluation preparations and confirms the devaluation losses.
The Company adopts the method of accounting long-term equity investment term by term, once the
devaluation preparation is confirmed, it shall not be converted back in the accounting period in the future.
For the long-term investments that have market price, judge and account the devaluation preparations
according to the following situations:
The market price lower than the book value in continuous two years;
The investment is suspended for one year or more;
The units invested have serious losses in that year;
The units invested have losses in continuous two years;
The units invested have rectification, liquidation and other signs of unsustainable business.
For the long-term investments without market price, judge and account the devaluation preparations in accordance
with the following signs:
The changes in political or legal environment like the issuance or rectification of tax lows and trading lows
that affect the operation of the units invested, may result in the huge losses in the units invested.
The changes in market demands due to the goods or labor provided by the units invested are obsolete or due
to consumers’ preferences change, resulted in serious influences in the financial situation in the units invested;
The production technologies in the industries of the units invested have significant changes, the units invested
have lost their competitive capacity, thus leading to serious financial situations, for example: rectification,
liquidation etc;
The other situations that there is evidence to show the investment will not actually bring economic interests for
the Group
Standards for fixed assets: the assets held for the purpose of goods production, labor providing, rent or
management; the service life more than one year; the tangible assets with high unit value.
13. The fixed assets depreciation:
(1) Economic benefits related to the fixed assets may flow to the enterprise;
(2) The cost of the fixed assets can be reliably measured.
Initial measurement of fixed assets: account the value of the fixed assets in accordance with the actual cost of
construction & purchase of them.
The follow-up expenditures related to fixed assets, for the ones that meet the conditions of fixed assets
confirmation, should be included in the cost of fixed assets; For the ones that do not meet the conditions of fixed
assets recognition, should be included in the current gains and losses. For the follow-up expenditures on fixed
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
assets, should be included in the cost of fixed assets, and should terminate the book value of fixed assets that was
replaced.
The enterprise should account depreciation for all fixed Assets. But except the fixed assets that had accounted
adequate depreciation but continued to use and the land separately accounted.
Depreciation Method: for depreciation of fixed assets, uses the straight-line method, accounting by the recorded
value minus the estimated residual net value in the expected life period.
Determine the depreciation rate according to the categories of fixed assets, expected life span and the expected
rate of net residuals, as follows :
Type Estimated useful Estimated residual Depreciation
Life value rate rate(%)
20～21 3 4.62～4.85
Houses and
Buildings
11～12 3 8.08～8.82
Machinery and
Equipemnt
11～12 3 8.08～8.82
Means of
transportation
Other 11～12 3 8.08～8.82
Equipment
At the end of each year, the Group checks the fixed assets item by item. If recoverable amount is below the
book value because the steady fall of the market price, or technological obsolescence, damage or long-term idleness
or other factors, them make the difference between the recoverable amount and the book value as the reserve for
fixed assets devaluation, which was accounted as the individual assets.
If the fixed assets of the company actually have had losses, then account the devaluation reserve. When one of
the following circumstances exists, completely account the reserve for fixed assets devaluation in accordance with
the full book value of fixed assets:
The fixed assets that being put aside in long term, or no longer be used in the foreseeable future, and have no
value of transfer;
Due to technological advances and other factors, the fixed assets can not be used;
Although the fixed assets can be used, but if use, large quantity of unqualified products may produce;
The fixed assets that had been damaged, and there is no usage value or value of transfer;
Other fixed assets that cannot bring economic benefits for the Group.
Upon the recognition of the fixed assets devaluation losses, depreciation or amortization expenses of the
devalued assets should have correspondent adjustment in the future periods, so that in the remaining service life of
the assets, systematically adjust the book value of the assets (excluding the predicted net residuals).
Upon the recognition of the fixed assets devaluation losses, in the subsequent accounting period they shall not
be converted back.
Costs of the project include the construction costs, and other direct costs, original price cost and installation cost
of the equipment, and the loan expenses from the loan for purchase of fixed assets for the construction project.
The construction project reached the predicted purpose and was transferred to the fixed assets state, and started
to account depreciation from the second month.
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
The Group conducts overall inspection to the construction projects at the end of each year, if there is evidence
to show that the construction projects have already devaluated, devaluation reserves should be accounted. If there is
one or more of the following circumstances, devaluation reserves for construction projects should be accounted:
14. Construction-in -progress
Construction in progress represents capital asets under construction or instrallation and is stated at actual cost.
The projects that had long been stopped or the projects that will not restarted in three years.;
The projects that was lagged behind in both performance and in technique, and that may bring great
uncertainty for the economic benefits of the Group.
Other situations that can prove that depreciation has already occurred to the construction projects.
Once the devaluation losses of the construction projects are confirmed, they shall be converted back in
subsequent accounting period.
15. Loan expenses.
Loan expenses include the interest on borrowings, the amortization of premium or discount, support expenses
and the exchange differences from foreign currency loans etc.
(1) Recognition principles for the capitalization of loan expenses.
For the loan expenses, if can be directly attributed to the capital, account them into the capital costs; For the
other loan expenses, account them into the losses and gains in the current period according to the occurrence
amount.
If the loan expenses meet the all following conditions in the same time, they shall be capitalized and included
into the cost of that assets : ① Assets expenditure has occurred; ② The loan costs have occurred; ③ The
necessary construction or production activities for the assets to achieve the predicted state.
The loans include the specialized loan and the general loan.
For the additional expenses from specialized loan, before the achieving of the expected use or sale state and meet
the capitalized condition, according to the occurance amount to have capitalization, and account it into the capital
cost that meet the capitalization condition; after the achieving of the expected use or sale state and meet the
capitalized conditions, according to the occurance amount to recognize as cost, and account it into the current
losses and gains.
For the additional expenses from general loans, recognize the occurance amount as the expenses, and account it
into the current losses and gains.
(2) Calculation method for loan expenses capitalization.
For the special loan for the construction and production of capitalized assets, the actual interest expense from
special loan minus the interest income from loan deposited in the bank or the amount of investment gains from
temporary investment.
For the general loan for the construction and production of capitalized assets, according to the capital expense
weighted average amount of the cumulative capital expenditure multiply the capitalization rate of the general loan
occupied, account interest amount of the general loan capitalization. The capitalization rate is accounted according
to the general loan weighted average interest rate.
16. Intangible assets
Intangible assets refer to identifiable monetary assets with no physical substance that the company owns or
controls. For intangible assets, including patents, generic technology, trademark, copyright, land-use right, permit
right, etc, are listed by the net value that cost minus accumulated amortization and accumulated devaluation.
The amount of amortization of intangible assets should be systematically amortized within the service life.
Amortization method should reflect the economic profit and the expected achievement methods related to the
intangible assets. If unable to determine the expected achievement methods, adopt the method of straight line to
34
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
amortize. For the intangible assets that can not confirm the service life, do not amortize.
For the right of land use, the actual payment of the purchase price is the actual cost, accounting the intangible
assets before the construction of the project, and using method of straight line to amortize according to the land use
period.
Use the straight-line method and amortize it in 50 year.
For the expenditures on internal research & development projects, the company pays the expenses according to the
research phase and development phase. The expenditures in the research phase are included in current profit and
loss; For the expenditures that meet the conditions in the development phase, shall be capitalized and recognized as
intangible assets.
At the end of each year, the Group checks the capability of all intangible assets that is expected to bring
economic benefits for the Group in the future. For the expected recoverable amount below its book value, account
the reserves for devaluation. For the intangible assets, account the reserves for devaluation according to the
individual item.
When there is one or more of the following cases, the book value of intangible assets shall be completely
converted to the current profit and loss:
The intangible asset that have been replaced by some other new technology, and it had no use value and transfer
value;
The intangible assets the has exceeded the legal time limit, and it can not bring economic benefits for the Group;
Other cases that can prove the intangible asset had lost its use value and transfer value.
When there is one or more of the following circumstances, account the devaluation reserves for the intangible
assets:
The intangible assets that have been replaced by other new technologies, and that makes it produce great
adverse affect to economic interests of the Group.
The market value of certain intangible assets had a sharp decline in the current period, and will no resume in the
remaining amortization period;
The intangible assets the has exceeded the legal time limit, but they still have some value;
Other cases that can prove the intangible assets have had devaluations.
Once the devaluation losses of the intangible assets have been recognized, they can not be converted back in
the subsequent accounting period.
17. Long-term amortization expenses.
If the long-term amortization expenses are precious metals, amortize according to the actual damage degree of the
precious metals, and listed by the net amount of actual expenditure minus the accumulated amortization.
18. Estimated liabilities
Estimated liabilities are recognized if both the Company and the related obligation of contingencies meet the
following conditions at the same time: (1) The obligation is a present obligation undertaken by the enterprise; (2)
The fulfillment of the obligation may likely cause an outflow of economic interests; (3) The amount of the
obligation can be reliably measured.
The Company conducts the initial measurement in accordance with the best estimated amount of expenditure
required to fulfill related present obligations, reviews the estimated liabilities on the date of the balance sheet, and
adjusts the book value based on the current best estimated amount.
19. Payment to employees
Payment to employees refers to various forms of remunerations and other related expenditure paid to
employees for their services. Payment to employees includes wages, bonuses, allowances and subsidies, welfare,
social insurances such as medical insurance, endowment insurance, unemployment insurance, work injury
35
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
insurance, and maternity insurance, housing funds, union budgets and staff education budgets, non-monetary
welfare, and compensations for terminating labor relations. The company recognizes the payment to employees as
liabilities payable during the accounting period when employees provide services to the Company, and records it
into the related costs or assets according to beneficiaries for whom employees provide services, except for the
situation where labor relations are terminated.
The Company participates in social security sysem for staff and owrkers establishedbygovernmental agencies
according to relevant regulations, including endowment insurance, public accurnulation fund for housing
construction and others. Except the above –mentioned, the Company did not make other important commitment in
respect of welfare of staff and workers
The Company allocates for insurance premium and common reserve fund according to certainproportion of
total payroll under the premise of not exceeding the specified top limit and make payment to labor and social
security organ in accordance with relevant regulations. Corresponding expenditure is included in current production
costs or expenses.
20. Income recognition
(1)Sales of products：
The risks and rewards on goods ownership are transferred to the buyers. The company will no longer
implement the right of management and the right of actual control. The amount of income can be reliably
accounted. The economic interest related to transactions flows into the Group and the cost related to the sale of the
goods, the realization of business income confirmed.
(2) Provision of balor services：
The operating income from the labor services started and finished within the samefiscalyear is recognized
when the labor services are finished. The Company recognizes the related labor income by the percentage of
completion of services on the date of the balance sheet. If the result of providing labor services cannot be estimated
reliably, the Company recognizes the income on the balance sheet date according to the labor costs that have
already occurred and are estimated to be compensated, and costs are carried forward based on the same amount. If
the labor costs that have already occurred in current period cannot be compensated, the income is not recognized
and the costs that have already occurred are recognized as the current expenses.
The Company determines the completion schedule of the provision of services by the following methods: (1)
the measurement of works that have been complete; (2) the proportion of the labor services that have provided in
the total labor services that should be provided; (3) the proportion of costs that have occurred in the estimated total
costs.
(3)Transferring the use right of the assets:
The related economic interests are likely to flow into the enterprise, and the amount of the revenue can be
reliably measured, confirm it as income. For the income from use fee, account it according to the charge time and
method agreed in the contract or the agreement.
21. Government subsidies
The Company recognizes government subsidies when the Company is able to meet the conditions of
government subsidies and can receive government subsidies Monetary assets is measured by the amount that is
received or should be received. Non-monetary government subsidies are measured by fair values. Where the fair
value cannot be obtained, the non-monetary government subsidies are measured by the nominal amount of RMB1.
Government subsidies related to assets are recognized as deferred incomes, which are averagely distributed
within the usage life of related assets and recorded in current loss and profit. Government subsidies measured in
nominal amount are directly recorded in the current profit and loss. Government subsidies that are related to
incomes and used to compensate the related fees and losses of the future period are recognized as deferred incomes,
36
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
and are recorded in the current profit and loss in the period of recognition of related fees. Government subsidies
that are used to compensate the related fees and losses occurred are recorded in the current profit and loss.
22. Assets and liabilities of deferred income tax
If there is a deductible temporary difference between the book value of assets and liabilities and the tax base,
recognize the deferred tax assets generated by the deductible temporary difference based on the limitation of
taxable income that is used to deduct the deductible temporary difference. However, the deferred income tax assets
generated by the initial recognition of assets or liabilities in the following transactions are not recognized:
① The transaction is not an enterprise merger;
② When the transaction occurs, neither the accounting profit nor taxable income are affected (or deductible
loss).
(2) When the deductible temporary difference related to the investment of subsidiaries, affiliated enterprises
and joint venture enterprises meets the following conditions, the corresponding deferred income tax assets are
recognized:
① The temporary difference may likely recovered in the foreseeable future;
② In the future, it is likely to obtain the taxable income that is used to deduct the deductible temporary
difference;
(3) For the deductible loss and tax credits offset that can be carried forward in the future years, within the
extent of the amount of future taxable income of deductible loss and tax credits offset by the possible income, will
be recognized as the corresponding deferred income tax assets.
(4) On the balance sheet date, review the book value of deferred income tax assets. If in the future it is
unlikely to gain sufficient taxable income to offset the benefits of deferred tax assets, the book value of deferred tax
assets will be write-down. When it is likely to be sufficient in taxable income, the reduction in amount will be
reversed back.
（5）Liabilities of deferred income tax
If taxable temporary differences exist between the book value of assets, liabilities and its tax base, in
accordance with the applicable tax rates in the expected period for drawing back the asset or settling the liabilities,
it will be recognized as deferred income tax liabilities by calculation.
23. Income Tax
Corporate income tax is adopted of method of the balance sheet liability for accounting treatment. When the
company obtains assets or liabilities, then determine its tax base .If differences exist between the book value of
assets, liabilities and its tax base, the deferred income tax assets or deferred income tax liabilities will be affirmed.
In the end of the final period, for the current income tax liabilities (or assets) coming from the current or prior
periods, the company should calculate out the income tax amount in accordance with the tax law, which should be
paid (or returned）.
The current income tax and deferred income tax is recorded as income tax expenses into the current profit and
loss.
III.Taxation
Items Tax base Tax Rate
VAT Product sales revenue. 17%
VAT Sales revenue of energy and power 13%
Business tax Income from labor services and lease. 3～5%
City construction tax Turnover tax to be paid allowances. 7%
37
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Surcherge for education Turnover tax to be paid allowances. 4%
Enterprise income tax Taxable income 25%
38
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
IV. Enterprise Consolidation and Consolidation Financial Statement
Shijiazhuang Baoshi Colour Bulb Co., Ltd. and Hebei Xubao Construction installation Engineering Co., Ltd. are our subsidiary by the form of setting up.
Unit：RMB’0000
The end
of the Minority
actual interest
Registration Registered Business amounts Stock Voting Rights end of Whether Or not
Subsidiary Name Type plane Nature capital scope of capital Proportion Proportion(%) period consolidated
Building
architectural
Engineering
Design,
Construction,
Hebei Xubao Engineering
No.9,
Construction Consultarcy,
Huanghe Construction
installation 800 City and 800 100% 100% Yes
Road, Installation
Engineering Co., Roads
Shijiazhuang
Ltd Lighting
projects,
interior and
Limited exterior
Liability decoration
Company projects.
Productio
n and sales of
No.9,
Shijiazhuang glass bulbs for
Huanghe Manufacturing
Baoshi Color 54068 colour 43934 81.26% 81.26% 1762 Yes
Road, Industry
bulb Co., Ltd. Limited kinescope and
Shijiazhuang
Liability Electronic
Company glass products
39
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
V. Notes to main iterms of Consolidation financial statements(Unit:RMB)
1. Monetary capital
Year-end balance Year-beginning balance
Curr Exc Exc
Items Curr
ency hange hange
ency rates
rates rate RMB rate RMB
Cash
RMB 131,337.91 100,519.34
Bank
deposit：
RMB 741.326.20 10,111,060.62
Other
currency funds：
RMB
Total 872,664.11 10,211,579.96
2．Bill receivable
Type Year-end balance Year-beginning balance
Bank acceptance 220,000.00 0
Total 0
220,000.00
(1)At the end of the period, there neigher bank acceptance bills in use for pledges and collaterals nor bills
converted to receivables due to the bill issuer’s impotency to fulfill the agreement.
(2) The top five receivables that were endorsed but not yet due at the end of the period,
The issuer Issuing Date Due Date Amount
Henan Rongtong Industry Co., Ltd. 2011-3-21 2011-9-21 100000.00
Jiangsu Yuxiang Chemical Co., Ltd. 2011-3-1 2011-9-1 200000.00
Jiangsu Yongneng Guangfu
2011-4-27 2011-10-27 629951.99
Technology Co., Ltd.
Total 929951.99
(3) There were no important accounts receivable from the main shareholders of the Company holding nore
than 5% (including 5%) of the total shares of the Company.
3.Account receivable
(1)Type analyse
Year-end balance
Year-beginning balance
Type Propo
Proport Bad Propor Bad Propor
Amount Amount rtion
ion％ debt reserve tion% debt reserve tion%
％
Significant
account
28,898652.3 28,433,156.9 28,433,156.9
receivable of 74.16 98.39 29,197,892.37 76.26
7 6 6 97.38
single
amount
40
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
The
receivables that
the individual
5,195,293.50 13.33 4,216,544.43
amount is not 11.01
large but the risk
is great
Other
unsignificant of
4,873,054.80 12.51 4,873,054.80 100 4,873,054.80 4,873,054.80 100.00
account 12.73
receivable
38,967,000.6 33,306,211.7 100.0 33,306,211.7
Total 100.00 85.47 38,287,491.60 86.99
7 6 0 6
The receivables of large amount: The receivables that risk at top five and the total amounts account for 10% or
more.
（2）The large individual amount or receivable amall accounts for the separate impairment testing isaccrued
for bad debts as below:
Year-end Bad debt Provison
Customers Cause
balance reserve preportion(%)
Henan Anfei Electronic Can’t
1,051,096.46 585,601.05 55.71
Glass Co.,Ltd. withdraw
Tianjing Anjing Electronic Can’t
8,041,810.32 8,041,810.32 100
Glass Co., Ltd. withdraw
The unit
has been in
Baoshi TV Factory 14,009,355.59 14,009,355.59 100
insolvency
proceedings
Anyang Xinyi Electronic Can’t
3,796,390.00 3,796,390.00 100
Glass Co., Ltd. withdraw
2,000,00 Can’t
Fuyang Stores 2,000,000.00 100
0.00 withdraw
Total 28,898,652.37 28,433,156.96
(3)There were no receivables written off in this reporting period.
(4)At the end of the period, there was a construction receivable of RMB 2,666,903.08 due to be paid by
Shijiazhuang Baoshi Electronics Group Co., Ltd, which was shareholder holding 5%(including 5.00%) or above or
voting shares..
(5)The top 5 in accounts receivable：
Relations
Proportion
Name hip with the Year-end balance Age
%
company
Non-Rela Over 3
Baoshi TV Factory 14,009,355.59 35.95
ted parties years
Tianjing Anjing Electronic Non-Rela Over 3
8,041,810.32 20.64
Glass Co., Ltd. ted parties years
41
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Anyang Xinyi Electronic Non-Rela Over 3
3,796,390.00 9.74
Glass Co., Ltd. ted parties years
Non-Rela Over 3
Fuyang Stores 2,000,000.00 5.13
ted parties years
Over 3
585,601.05 1.50
Henan Anfei Electronic Non-Rela years
Glass Co.,Ltd. ted parties Within 1
465,495.41 1.19
year
Total 28,898,652.37 74.16
(6)Separate amount is not large, the account receivable with big combination risk after combined via risk
character:
Yea-end Bad debt Provison
Customers Cause
balance reserve preportion(%)
Shi Lingchao Trading
1,001,600.00 1,001,600.00 100 Can’t withdraw
Company
The units have
Baoshi Process Plant 921,915.24 921,915.24 100
been withdrawn
Tianjing Communication
570,000.00 570,000.00 100 Can’t withdraw
Tadio Company
Shijiazhuang Radio and TV
483,604.75 483,604.75 100 Can’t withdraw
Company. Economic Dept
The units have
Baoshi Trading Company 273,371.62 273,371.62 100
been withdrawn
Tianjing Jingjing Glass Bulb
266,960.00 266,960.00 100 Can’t withdraw
Co., Ltd.
Xingji Industry product
220,000.00 220,000.00 100 Can’t withdraw
marketing-Ji Weiying
Puyang Baoshi Glass Co.,
186,050.75 186,050.75 100 Can’t withdraw
Ltd.
Meng Jun 161,125.00 161,125.00 100 Can’t withdraw
Shanxi Hhuguan Five cross
101,200.00 101,200.00 100 Can’t withdraw
station
Shuping Home appliances 74,070.00 74,070.00 100 Can’t withdraw
Anyang Rodio tube Factory 68,486.00 68,486.00 100 Can’t withdraw
Shahe Town Enterprises
56,400.00 56,400.00 100 Can’t withdraw
industrial supply Company
Shenzhen Dimo Industry
56,244.44 56,244.44 100 Can’t withdraw
Company
Anyang Dali Electronic
45,006.00 45,006.00 100 Can’t withdraw
Company
Zhang Jinjiang 42,500.00 42,500.00 100 Can’t withdraw
Xinxiang Industry and trade 36,960.00 36,960.00 100 Can’t withdraw
42
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Yea-end Bad debt Provison
Customers Cause
balance reserve preportion(%)
Xinle People security Dept 33,600.00 33,600.00 100 Can’t withdraw
Jiangsu Metal & chemical 27,435.00 27,435.00 100 Can’t withdraw
Shixinsheng Industry
27,050.00 27,050.00 100 Can’t withdraw
Company
Shanxi Chengzhi Chemical
20,840.00 20,840.00 100 Can’t withdraw
station
Tiangong Technology 30,000.00 30,000.00 100 Can’t withdraw
Zhang Yanqing 14,060.00 14,060.00 100 Can’t withdraw
Shanxi Chengzhi Chemical
13,798.45 13,798.45 100 Can’t withdraw
station-Wang miao
Jingjing Supply Building 12,600.00 12,600.00 100 Can’t withdraw
Shi Zhenghong 10,000.00 10,000.00 100 Can’t withdraw
Wuji Home appliance 2,500.00 2,500.00 100 Can’t withdraw
Coal Machinery Company 1,672.00 1,672.00 100 Can’t withdraw
China Huadong Electronic 5.55 5.55 100 Can’t withdraw
Shijida Decoration Company 60,000.00 60,000.00 100 Can’t withdraw
Baibo Trading Company 30,000.00 30,000.00 100 Can’t withdraw
Hebei Yiling Mechine
22,500.00 22,500.00 100 Can’t withdraw
ManufactureFactory
Shishi Sprocker Factory 1,500.00 1,500.00 100 Can’t withdraw
Total 4,873,054.80 4,873,054.80
(7)Amount due from related parties, see Notes VI-5.
4.Other receivable
（1）Type analyse
Year-end balance Year-beginning balance
Type Propo Propo Propo Propo
Bad debt Bad
Amount rtion rtion Amount rtion rtion
reserve debt reserve
％ % ％ %
Significant account
3,743,399.3 100.0 3,743,399.3 100.0
receivable of single 3,743,399.36 10.22 3,743,399.36 11.57
6 0 6 0
amount
The receivables
that the individual 29,577,988.9
80.72 0.00 0.00 25,277,592.84 78.16 0.00 0.00
amount is not large 4
but the risk is great
43
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Other unsignificant
3,319,499.7 100.0 3,319,499.7 100.0
of account 3,319,499.73 9.06 3,319,499.73 10.26
3 0 3 0
receivable
36,640,888.0 100.0 7,062,899.0 100.0 7,062,899.0
19.28 32,340,491.93 21.84
Total 3 0 9 0 9
Individual basis to determine the amount or the amount of major standards: the receivables that risk at top five
and the total amounts amount for 10% or more.
（2）The large individual amount or receivable samall accounts for the separate impairment testingisaccrued
for bad debts as below：
Content Book amount Bad debt amount Proportion(%) Reason
Baoshi Industry & trading Can’t
1,554,112.56 1,554,112.56 100
Company withdraw
Henan Anfei Electronic Co., Can’t
1,122,356.05 1,122,356.05 100
Ltd. withdraw
Puyang Baoshi Glass Co., Can’t
1,066,930.75 1,066,930.75 100
Ltd. withdraw
Total 3,743,399.36 3,743,399.36
（3）During the reporting period, there is no large provision for bad debts withdrew. No recoverty through
debt restructuring and other receivables.
（4）There were no important other receivable from the main shareholders of the Company holding morethan
5%(including 5%) of the total shares of the Company.
（5）The top in other receivable：
Relationship Amount Age Proportion%
Name with the
company
Shijiazhuang Baoshi Electronic Related 1,605,264.00 1-2 years 4.38
vacuum Glass Co., Ltd. parties 1,781,562.09 2-3 years 4.86
4,661,905.29 Over 3 years 12.72
Baoshi Industry & trading Non-Related 1,554,112.56 Over 3 years 4.24
Company parties
Large-diameter Co. Related 212,176.20 Within 1 year 0.58
parties 24,943.96 1-2 years 0.07
437717.82 2-3 years 1.19
7,077,994.02 Over 3 years 19.32
Baoshi Zhonghe Steel Plastic Related 880 Within 1 year 0
Co parties 1,021,115.60 1-2 years 2.79
112,970.88 2-3 years 0.31
3,426,504.34 Over 3 years 9.35
Henan Anfei Electronic Co., Non-Related 1,122,356.05 Over 3 years 3.06
Ltd. parties
Total 23,039,502.81 62.87
(6)Separate amount is big at end of the period or not big but other account receivable and doubtful reserves
shall be withdrawn.
44
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Content Book amount Bad debt amount Proportion(%) Reason
Can’t
Mineral water plant 470,241.48 470,241.48 100
withdraw
Can’t
New century Capsule 404,360.62 404,360.62 100
withdraw
Tianjing Electronic Instrument Can’t
266,745.75 266,745.75 100
Import & export Company withdraw
Can’t
City Sida 241,350.00 241,350.00 100
withdraw
Can’t
Discont interest 232,810.80 232,810.80 100
withdraw
Shenzhen SEG Xhongkang Co., Can’t
161,568.10 161,568.10 100
Ltd. withdraw
Can’t
Advances transferred 147,557.46 147,557.46 100
withdraw
Can’t
Zhao Junqing 177,263.00 177,263.00 100
withdraw
Guizhou Xingqian Union Can’t
120,000.00 120,000.00 100
Antimony Products Company withdraw
Can’t
Picture tube Plant 111,521.59 111,521.59 100
withdraw
Can’t
Xu Xin 100,000.00 100,000.00 100
withdraw
Can’t
Urban Construction archives 70,000.00 70,000.00 100
withdraw
Can’t
Provincial Software Center 61,035.00 61,035.00 100
withdraw
Can’t
Jinzhou Tube mould Factory 50,001.34 50,001.34 100
withdraw
Can’t
Xinxiang Lifting Equipment Plant 46,200.00 46,200.00 100
withdraw
Can’t
Electric Cars into 43,366.86 43,366.86 100
withdraw
Can’t
Shanghai Sea Electrical Store 40,426.00 40,426.00 100
withdraw
Can’t
Thermal Plant 38,735.55 38,735.55 100
withdraw
Xinjiang Nonferrous metal Can’t
37,122.88 37,122.88 100
industry Company withdraw
Shenyang zhongje Friendship Can’t
35,969.53 35,969.53 100
plant withdraw
Can’t
Pingshan Ore processing plant 35,461.95 35,461.95 100
withdraw
Capsule plant 30,890.01 30,890.01 100 Can’t
45
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Content Book amount Bad debt amount Proportion(%) Reason
withdraw
Can’t
Xianyang Caihong Machine Plant 30,575.00 30,575.00 100
withdraw
Can’t
Dongan Company 27,640.04 27,640.04 100
withdraw
Shijiazhuang Graphite electrode
Can’t
plant, Specialry graphite products 25,000.00 25,000.00 100
withdraw
factory
Can’t
Zhengding Xizhaotong 23,000.00 23,000.00 100
withdraw
Can’t
Supply Dept 22,294.41 22,294.41 100
withdraw
Provincial Second construction Can’t
20,000.00 20,000.00 100
Company, No.5 Dept withdraw
Yangzhou Asia-pacific Special Can’t
19,880.00 19,880.00 100
Pump Factory withdraw
Shanghai Hongjing Automation Can’t
18,335.60 18,335.60 100
instrument Factory withdraw
Can’t
Insulator 15,280.40 15,280.40 100
withdraw
Benxi Mining Rubber parts Can’t
14,250.00 14,250.00 100
Factory withdraw
Tianjing Lifting Equipment plant, Can’t
13,400.20 13,400.20 100
product maintenance Dept withdraw
Can’t
Xhongxing Store 10,000.00 10,000.00 100
withdraw
Nnantian Union Electrical Can’t
10,000.00 10,000.00 100
Equipment Factory withdraw
Can’t
Advance Injury instruance 44,800.00 44,800.00 100
withdraw
Shanghai Hangtong Electrical Can’t
8,613.98 8,613.98 100
Company withdraw
Can’t
Pingshan Material Factory 8,602.16 8,602.16 100
withdraw
Hangyang Air Separation Can’t
8,573.55 8,573.55 100
Engineering Company withdraw
Can’t
Baofa Management Company 5,760.00 5,760.00 100
withdraw
Can’t
Han Xuming 5,500.00 5,500.00 100
withdraw
Can’t
Hefei Hydranlic Services 4,655.00 4,655.00 100
withdraw
Liaoning Chaoyang 4,522.94 4,522.94 100 Can’t
46
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Content Book amount Bad debt amount Proportion(%) Reason
Transportation Equipment Factory withdraw
Can’t
Daming Gas plant 4,435.00 4,435.00 100
withdraw
Can’t
Other 51,753.53 51,753.53 100
withdraw
Total 3,319,499.73 3,319,499.73
(7)Amount due from related parties , see Notes VI.5
5. Prepayment
（1）Age analyse
Balance in year-end Balance in year-begin
Age
Amount Proportion(%) Amount Proportion(%)
Within 1 year
1,730,811.00 1,803,745.27 84.84
74.00
1-2 years
281,032.06 15.11
12.01 321,358.21
2-3 years
321,358.21 0.03
13.74 550.00
Over 3 years
5,974.75 0.02
0.25 474.75
Total
2,339,176.02 2,126,128.23 100.00
100.00
（2）The to 5 in prepayment
Relationship
non-estimate
with the Proportion(%) Time
reason
Name company Amount
Advance
Shijiazhuang Installation Non-Relat Within 1
23.50 provision
Engineering Co., Ltd. ed parties 549,811.00 year
amount
Dongfeng Thermoelectric Advance
Non-Relat Within 1
Company(Thermoelectric 13.23 provision
ed parties 309,555.02 year
Thrid Factory) amount
Yuhu Tianyin materials Non-Relat Over 3 In
9.41
Company ed parties 220,000.00 years consultations
Advance
Shijiazhuang Qiaoxi Non-Relat Within 1
8.55 provision
Hongye Decoration Dept ed parties 200,000.00 year
amount
Advance
Shijiazhuang Chenyang Non-Relat Within 1
7.27 provision
labor subcontractors ed parties 180,000.00 year
amount
Total -- 1,459,366.02 62.39 -- --
（3）There were no important prepayment from the main shareholders of the Company holding morethan
47
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
5%(including 5%) of the total shares of the Company.
6. Inventory
（1）Type
Balance in year-end Balance in year-begin
Items
Book Balance Bad debt reserve Book value Book Balance Bad debt reserve Book value
Raw
132,991,062.29 20,051,499.04 112,939,563.25 20,051,499.04 113,767,676.50
materials 133,819,175.54
Processing
1,011,274.06 1,011,274..06
products 2,476,210.85 - 2,476,210.85
Commoditie 45,294,262.70 11,125,812.50 34,168,450.20 11,132,517.40
38,905,237.51 27,772,720.11
s in stock
Turnover
material - - -
goods and
materials
- - -
shipped
Entrust
processing 121,422.43 121,422.43
156,096.59 121,422.43 34,674.16
goods and
material
Total
179,418,021.48 31,298,733.97 148,119,287.51 31,305,438.87 144,051,281.62
175,356,720.49
（2）Inventory and inventory depreciation reserve
Amount Decreased in
Amount
Book Balance in current period Book balance at
Type accounted in
year-begin Transf period end
current period Reselling
erred back
Raw materials
20,051,499.04 - - - 20,051,499.04
Processing products
- - - - -
Commodities in stock 6,704.90
11,132,517.40 - 11,125,812.50
Turnover material
- - - - -
Goods and materials
shipped - - - - -
Entrust processing
goods and material 121,422.43 - - - 121,422.43
Total
6,704.90
31,305,438.87 31,298,733.97
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
7. Other current assets
Items Balance in year-end Balance in year-begin
Replace with
58,000,000.00 58,000,000.00
US dollar
Financing
expenses 293,867.02 293,867.02
unconfirmed
Total 58,293,867.02 58,293,867,.02
Note :Details about replacing US dollar are described in Note V -20. The unconfirmed financing expense is
the confirmed benefits for staff retirement and is accounted according to a certain rate.
49
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
8. Long-term equity investment
Expla Current
ination of Devalue provision
Shareh Voting diffirence for
Acc olding right between impairme
ount Initial propor proport shareholdi nt
Original cha Endin
Name ing investment tion in ion in ng
balance nge g Balance
met cost the the proportion
hod investe investe and voting
e e right
proportion
in investee
Shijiazhua Cost
ng met
Baolihua hod 200,000.0 200,000.0
200,000.00 40% 40% 50,000.00
Technolog 0 0
y &
Trading
Co., Ltd.
Shijiazhuang Baolihua Technology &Trading Co., Ltd. couldn’t be operated normally since its establishment.
A provision for impairment losses has been made in accordance with the cost calculation
9. Fexed assets
（1）Fexed assets
Items Book Increase in Decrease Book
Balance in this period in this period Balance in
year-begin year-end
I. Cost 375,369,968.35 93,124.18 360,983.71 375,102,108.82
Incl ： Houses and
183,689,964.50 183,689,964.50
building
Machine and equipment 182,102,829.02 38,850.69 360,983.71 181,780,696.00
Transportation
2,870,809.42 2,870,809.42
equipment
Other equipment 6,706,365.41 54,273.49 6,760,638.90
II.Total accumulated
273,805,814.49 7,313,561.83 281,119,376.32
depreciation
Incl ： Houses and
122,138,969.25 4,224,869.15 126,363,838.40
building
Machine and equipment 145,689,114.49 2,846,700.42 148,535,814.91
Transportation
635,049.35 118,891.67 753,941.02
equipment
50
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Other equipment 5,342,681.40 123,100.59 5,465,781.99
III.Total of fixed
3,236,295.13 3,236,295.13
assetsdevalue provison
Incl ： Houses and
building
Machine and equipment 3,236,295.13 3,236,295.13
Transportation
equipment
Other equipment
IV.Total of fixed assets
98,327,858.73 90,746437.37
Book value
Incl ： Houses and
61,547,585.68 57,326,126.10
building
Machine and equipment 33,166,653.73 30,008,585.96
Transportation
2,249,627.66 2,116,868.40
equipment
Other equipment 1,363,991.66 1,294,856.91
The depreciation amount of this period is RMB7,313,561.83.
Note: Information on Mortgages of Fixed assets, see Note 8.
（2）Information on idle fixed assets
Original Accumulated Provision for Net book
Notes Notes
book value depreciation devaluation value
Machine
4,765,286.22 1,445,927.10 3,236,295.13 83,063.99
and equipment
（3）The fixed assets from operating lease
Items Book value
Houses and building 97,565,808.49
Machine and equipment 11,917,945.44
10. Intangible assets
Items Book Balance in Increase in Decrease in Book Balance in
year-begin this period this period year-end
16,005,611.00 16,005,611.00
I. Cost Total - -
Land use right 15,997,361.00 - 15,997,361.00
-
Financial Software 8,250.00 - 8,250.00
-
II.Total of accumulative amortized 4,180,091.32 163,606.86 4,343,698.18
-
51
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Land use right 4,173,491.32 162,781.86 4,336,273.18
-
Financial Software 6,600.00 825.00 7,425.00
-
III.Total of intangible assetsdevalue
11,825,519.68 -163,606.86 11,661,912.82
reserve
Land use right 11,823,869.68 -162,781.86 11,661,087.82
Financial Software 1,650.00 -825.00 825.00
IV. Total of accumulated provision - - -
Land use right - - -
Financial Software
- - -
V. Total of intangible assets value 11,825,519.68 -163,606.86 11,661,912.82
Land use right 11,823,869.68 -162,781.86 11,661,087.82
Financial Software 1,650.00 -825.00 825.00
The amortized accumulated amount of this period is RMB163,606.86.
Note: Information on Mortgages of Fixed assets, see Note 8.
11. Long-term expenses to be amortized
Amorti
Balance in Increase in Balance in Other decrease
Items zed in this Other decrease
year-begin this year year-end reason
year
Noble metal
7,664,359.26 7,664,359.26
Total
7,664,359.26 7,664,359.26
Note：Long-term unamortized expense is the metal stirring rods which have been put into use.
12. Deffed income tax assets
(1) Recognized deferred income tax assets
Items Year-end balance Year-beginning balance
Bad debt reserve. 6,240,184.68 6,240,184.68
Inventory devaluation
5,057,386.86 5,057,386.86
provision
Impairment loss of fixed
354,214.15 354,214.15
assets
Welfare for workers’
313,514.59 313,514.59
dismissing
52
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Total 11,965,300.28 11,965,300.28
（2）Details of deferred tax assets without confirmation
Items Year-end balance Year-beginning balance
Deductible temporary
2,215,573.52 2,215,573.52
differences
(3) The amount of temporary differences shown as below
Items The temporary differences amount
Stock Devalue provision 742,385.5
Bad debts provision 1,423,188.02
fixed assetsdevalue provision
Welfare for workers’ dismissing
Long-term equity Investment
50,000.00
Total 2,215,573.52
13. Assets devalue provision list
Increased Decrease in this period
Book balance in Book balance
Items amount in
year-begin Transfer-in Transfer-out in period-end
this period
I.Provision for bad debts 40,369,110.85 40,369,110.85
-
II.Provision for falling
31,305,438.87 6,704.90 31,298,733.97
price of inventory -
III.Provision for
devaluation offinancial asset
- - - - -
available for sales
IV.Provision for
devaluation of held-to maturity
- - - - -
investment
V.Provision for
devaluation of long-term
50,000.00 - - - 50,000.00
equity investment
VI.Provision for
devaluation ofinvesting
- - - - -
property
VII.Provision for
devaluation offixed assets 3,236,295.13 - - - 3,236,295.13
VIII.Provision for
devaluation of engineering
- - - - -
materials
IX.Provision for
devaluation ofcontruction in
- - - - -
progress
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Increased Decrease in this period
Book balance in Book balance
Items amount in
year-begin Transfer-in Transfer-out in period-end
this period
X.Provision for
devaluation of productive
- - - - -
biological assets
Including：Provision for
devaluation of mature
- - - - -
productive biological assets
XI.Provision for
devaluation of oil assets - - - - -
XII.Provision for
devaluation of intangible
- - - - -
assets
XIII.Provision for
devaluation ofgoodwill - - - - -
XIV.Other
- - - - -
Total
74,960,844.85 6,704.90 74,954,139.95
Notes1：The provision for decline in value of stock and recovery details, See Notes V-3,V-4.
2. The provision for decline in value of stock and recovery details, See Notes V-5,V-6.
14. Account payable
（1）Type
Items Balance in year-end Balance in year-begin
Xinao Gas Company 3,928,391.61 3,928,391.61
Shenzhen Baohao 1,120,338.50 1,120,338.50
Hebei Zhongcheng New Materials Co., Ltd. 0 903,300.00
Shijiazhuang Boxian Trading Co., Ltd. 0 554,490.00
Shihui Trading 270,910.94
Other 7,720,157.89 7,855,852.12
Total 12,768,888.00 14,633,283.17
Note：（2）The borrowing amount of the shareholder units holding more than 5% at the period end .
(3) Instructions for large payable accounts aging more than 1 year.
The payment for Shenzhen Baohao Company is RMB1,120,338.50, over1 year. This company didn’t urge.
The payable amount for Xinao gas company is RMB 3,928,391.61.Over 1 year, currently in consultation with this
company about the repayment issues.
15. Advance accounts
Items Balance in year-end Balance in year-begin
54
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Shijiazhuang Baoshi Electricnic
7,924,585.15 7,924,585.15
Vacuum Glass Co., Ltd.
Other 2,322,780.31 1,302,817.48
Total 10,247,365.46 9,227,402.63
(2) The advance account amount of the shareholder units holding more than 5% at the period end.
（3）There is no large receivable amount within 1 year.
16. Payable Employee wage
Book
Increase in this Book Balance
Items Balance in Decrease in this year
year in year-end
year-begin
1.Wages, bonuses,
allowances and subsidies 39,429.06 5,600,655.61 5,600,655.61 39,429.06
2.Employee welfare
114,670.70 114,670.70
3. Social insurance
2,141,595.36 2,141,595.36
premiums
(1)Medical insurance 831,484.54
831,484.54
(2)Basic old-age
insurance premiums 1,116,597.72 1,116,597.72
(3) Unemployment
111,392.45 111,392.45
insurance
（ 4 ） Work injury
insurance 16,754.00 16,754.00
（ 5 ） Maternity
65,366.65 653,66.65
insurance
IV. Public reserves for
437,560.79 437,560.79
housing
V.Dismiss welfarism 975,337.00 975,337.00
VI. Union funds and
431,961.13 39,823.78 2,976,119.97
staff education fee 2,583,982.62
401,561.68 12,600.00 1,267,774.33
VII. Labour Funds 878,812.65
VIII. Employee
compensatory payment - -
Total 4,477,561.33 9,128,005.27 8,346,906.24 5,258,660.36
The payable amount for employees’ wedges is without any of overdue.
17. Tax payable
Items Balance in year-end Balance in year-begin
VAT -6,137,057.14 -4,998,751.06
City construction tax 159,106.68 264,184.47
55
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Business tax 3,757,768.16 4,020,587.99
House tax 22,579.14 401,539.35
Travel Tax -1,481 -1,481.00
Enterprise income tax -13,709.31 1,860,360.66
Education supertax 70,286.68 145,342.23
Stamp tax 7,982.01
Total -2,142,506.79 1,699,764.65
18. Other Payable
(1)Type
Items Balance in year-end Balance in year-begin
Shijiazhuang Baoshi Group 24,225,793.62 18,003,624.00
Water fee payable 1,484,277.90 1,484,277.90
Shijiazhuang Electric Power
1,736,000.00 1,736,000.00
Bureau
08 deposits of the contract 4,768,747.88 4,768,747.88
110KV transformer substation
1,212,800.00 1,212,800.00
rent
Orient thermo electricity
1,416,725.00 1,416,725.00
Other 11,505,434.40 1,1357,636.15
Total 46,349,778.80 39,979,810.93
In closing balance of other payable, there is RMB 24,225,793.62 receivables from shareholders who have over
5% (including 5%) voting right, which constiture 52.27% of the balance of other payable.
(2) Instructions of other large payable amounts aging more than 1 year.
The other payable accounts, aging more than 1 year, come to RMB 19,732,056.09, and the larger amount
listed as below;
Items Balance in year-end cause
Water fee payable 1,484,277.90 Other did not collect
Shijiazhuang Electric Power Bureau 1,736,000.00 Other did not collect
08 deposits of the contract 4,768,747.88 Other did not collect
110KV transformer substation rent 1,212,800.00 Other did not collect
Orient thermo electricity 1,416,725.00 Other did not collect
Totla 10,618,550.78
(3) Instructions of other large payable accounts aging more than 1 year
Items Balance in year-end Content
Shijiazhuang Baoshi Group Co., Ltd. 24,225,793.62 Business
19. Other current liabilities
Items Balance in year-end Balance in year-begin
USD exchange 66,227,000.00 66,227,000.00
Total 66,227,000.00 66,227,000.00
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Note：In 1993,the Group signed the agreement on exchange of US dollars which agreed returning 10,000,000
US dollars to the Exchange Unit and repossess the RMB 58,000,000 exchanged in November 1998, As of June 30,
2011, the Group still consults with the Exchange Unit on the returning of the exchange.
20. Deferred income
Items Balance in year-end Balance in year-begin
Government subsidies 125,000.00 125,000.00
Note：The ending balance was the part of environment treatment capital allocated by government which can
not be included in the loss and gain in the current period.
21. Share Capital
Increase/decrease this time (+ , - )
Balance in Issuing Transferred Balance in
Items Bonus
year-begin of new from Other Subtotal year-end
shares
shares reserves
Total of
capital 383,000,000.00 383,000,000.00
shares
22. Capital common reserve
Increase in Decrease
Items Balance in year-begin Balance in year-end
this year in this year
Capital stock
355,857,851.87 355,857,851.87
premium
Other capital reserve 31,522,375.26 31,522,375.26
Total 387,380,227.13 387,380,227.13
23. Surplus common reserve
Decrease in
Items Balance in year-begin Increase in Balance in year-end
this year
this year
Legal Surplus
27,454,788.05 27,454,788.05
common reserve
24. Retained profit
Items Amount Extraction or
distribution of the
proportion
Before adjustrments: Retained
-577,206,604.52
profits at the period end
Adjustments:Total retained profits at
the period beginning
（+，-）
After adjustments:Retained profits at
-577,206,604.52
the period beginning
Add：Net profit belonging to the
-9,850,826.53
owner of the parent company
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Less ： Drawing statutory surplus
reserve
Drawing discretionary surplus
reserve
Drawing commonly risk provisions
Payable dividends of common shares
Transfer to common stock equity
dividends
Retained profits at the period end -587,057,431.05
25. Business income and Business cost
（1）Business income
Items Amount of current period Amount of previous period
Glass Plain tub sales income 11,800,350.01 20,241,143.41
Component sales incme 3,637,455.99 3,574,266.65
Subtotal of Main business
15,437,806.00 23,815,410.06
income
Other income 11,382,382.44 5,469,452.47
Total of business income 26,820,188.44 29,284,862.53
Glass Plain tub sales cost 14,658,237.70 23,581,965.55
Component sales cost 4,188,497.27 3,601,189.00
Subtotal of Main business cost 18,846,734.97 27,183,154.55
other business cos 10,798,568.27 6,059,962.28
Total of business cost 29,645,303.24 33,243,116.83
（2）Information on the top five clients according to main business income:
Total sales The ratio to the total sales income of
Name amount the company（％）
Henan Ancai High-tech Co., Ltd. 4,867,643.72 18.15
Shijiazhuang Baoshi Electronic Group
12,136,061.89 45.25
Co., Ltd.
Henan Anfei Electronic Glass Co.,Ltd. 3,018,264.94 11.25
India VIDROCONGON Company 721,854.33 2.69
Germany SCHOTT 5,717.27 0.03
Total 20,749,542.15 77.37
26. Business tax and additional
Amount of current period Amount of
Items previous period Standard
Business tax 333,882.18 2,890.05 5%或 3%
Real estate tax 36,013.36 12%和 1.2%
City safeguard
29,236.97 44,493.74 7%
and construction tax
Education surtax 20,883.50 29,121.16 4%
Total 420,016.01 76,504.95
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Real estate tax is the tax paid the Renting Property Bureau for renting out the real estate.
27. Sale expenses
Items Amount of current period Amount of previous period
Wage and additional 200,264.28 453,121.86
Transportation cost 89,269.87 88,480.48
Travel fees 24,838.30 24,311.70
Office expenses 1,321.00 2,110.00
Warehousing 149,760.00
Other 43,405.60 31,481.90
Total 359,099.05 749,265.94
28.Mmanagement expenses
Amount of current period Amount of previous
Items period
Depreciation of fixed assets 1,652,322.05 1,566,706.56
Wage and additional 2,310,130.40 1580,624.65
Amortization of intangible assets 163,606.86 163,606.86
Business expenses 146,271.90 166,874.16
Audit, evaluation, consulting and other
278,000.00 38,961.90
intermediary fees
Disclosure fees 221,020.92 111,277.04
Repairs fees 35,558.94 40,411.98
Land tax, property tax and other taxes 937,647.42 807,599.42
Conference fee 3750.00 27,700.00
Travel fees 159,020.92 101,853.64
Office fees 140,548.57 59,283.80
Other 296,302.46 2,004,658.61
Total 6,344,180.44 6,669,558.62
29.Financial expenses
Items Amount of current period Amount of previous period
Interest expenses 32,532.96 479,844.64
Less：Income from interest 13,878.88 6,120.63
Exchange loss（Or gains） 3,912.29 131.76
add：Commission charge 5,424.38 1,908.50
Other
Total 27,990.75 475,764.27
30. Investment income
59
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
The joint venture company of the company Shijiazhuang Baolihua Scientific Trade Co., Ltd. had not started to
operate, and the company had no investment income in the current year.
31. Non-operating incme
Items Amount of current period Amount of previous period
Loss of fixed assets
Net Income of disposition
32,522.80 27,888.90
fixed assets
Income of debt restructuring
Forfeit income
Government subsidy
Other 15,982.10
Total 48,504.90 27,888.90
32. Non-operating expenses
Items Amount of current period Amount of previous period
Loss of fixed assets
Net loss of the loss of
40,938.22
non-current assets disposal
Loss of debt restructuring
Special loss
Forfeit 77,464.19 45.90
Other
Total 118,402.41 45.90
33. Income tax expenses
Items Amount of current period Amount of previous period
Expense of current
61,049.68
income tax
Expense of deferred
income tax
Total 61,049.68
34. Cash Flow Statement Notes
（1）Other cash received from business operation
Items Amount
Housing rental income
Business 2,654,623.12
Total 2,654,623.12
（2）、Other cash paid for business activities
Items Amount
Repairs fee 14,764.57
Travel expenses 111,649.70
Office expenses 86,728.77
60
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Business expenses 103,612.90
Sewage charges 8,195.50
Labour protection fee
Audit expenses, Estimate expenses, Tax agency fee 28,000.00
Conference fee 22,750.00
Information disclosure 121,020.92
Transportation cost 5,687.05
Warehousing
Other 2,810,575.27
Total 3,312,984.18
35. Supplement information (Cash Flow Statement)
（1）Supplement information (Cash Flow Statement)
Items January-June 2011 Jjanuary-June 2010
I.Adjusting net profit to net cash flow in
operating activities :
Net profit -10,107,348.24 -11,901,505.08
Add: Provision for impairment of assets
Fixed assets depreciation, depletion of oil and gas
7,313,561.83 7,746,617.49
assets, depreciation of capitalized biological assets
Amortization of intanglible assets 163,606.86 163,606.36
Amortization of long-term deferred expenses
Loss on disposal fixed assets, intangible assets and
long-term assets
Loss on scrapping of fixed assets
Loss from fair change（Less：Gains）
Financial expenses 27,990.75 475,764.27
Losses arising form investment（Less：Gains）
decrease of deferred tax assets
Increase feferred income tax assets(Less: decrease)
Decrease in investories( Less：Gain) -4,068,005.89 -45,014,831.17
Decrease in operating reveivables（Less：Gain） -5,412,952.96 45,872,430.45
Increase in operating receivable（Less：decrease） 2,288,562.52 801.625.95
Other 506.279.97 -135.375.61
Net cash flows form operating activities -9,288,305.16 -2,261,666.84
2.Investing and financing activities that do not
involving cash receipts and payment
Conversion of debt into capital
Reclassify convertible bonds to be expired within
one year as current liability
Fixed assets financed by finance leases
3.Net increase in cash and cash equivalents
Cash at the end of the period 872,664.11 2,631,176.40
Less：Cash at the beginning of the period 10,211,579.96 4,886,779.89
61
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Add：Cash equivalents at the end of the period
Less：Cash equivalent at the beginning of the
period
Net increase in cash and cash equivalents -9,338,915.85 -2,255,603.49
（2）The compositionof cash and cash equivalents
Items June 30, 2011
1. Cash
Of which：Cash in stock 131,337.91
Bank savings conld be used at and time 741,326.20
Other monetary capital could be used at any time
II. Cash equivalent
Of which ：Bond investment which will due in three months
III. Balance of cash and cash equivalents at the period, end 872,664.11
Of which：Cash and cash equivalents with limited usage in the parent
company and subsidiaries
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
VI. Related parties and related party transaction( Unit：RMB)
1. The Parent company of the Company
Relati
onshi
Legal Busi Proporti Proportio
p Ultimate
Typ Registere repres ness Registered on of n of
Name with controlling party of the Organization Code
e d address entati natur capitals sharehol voting
the enterprise
ve e ding right(%)
comp
any
9
Huanghe
Road,
Shijiaz Shijiazhu
huang ang
Holdi
Baoshi Lim High-tech Shijiazhuang
ng Li Prod
Electro ited Industrial State-owned Assets
Share Zhaot uctio 850,000,000.00 28.93 28.93 10441204-2
nic Liab Develop Administration
holde ing n
Group ility ment Committee
r
Co., Area,
Ltd. Shijiazhu
ang,
Hebei
Province
.2The subsidiary of the Company
Proportion
Subsidiary Enterprise Registered Legal Business Proportion of Organization
Name Registered capitals of voting
Type type address representative nature shareholding Code
right(%)
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
9
Huanghe
Road,
Hebei Xubo Shijiazhuang
Construction High-tech
Wholly-owned Limited Shang Construction
Iinstallation Industrial 8,000,000.00 100% 100% 564858483
subsidiary Liability Jianbin Installation
Engineering Development
Co., Ltd. Area,
Shijiazhuang,
Hebei
Province
9
Huanghe
Road,
Shijiazhuang
Shijiazhuang High-tech
Holding Limited Shang
Colour Bulb Industrial Production 540,681,957.00 81.26 81.26 236042258
Subsidiary Liability Jianbin
Co., Ltd. Development
Area,
Shijiazhuang,
Hebei
Province
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
3. The company and other related party
Name Relationship with the Company Organization Code
Shijiazhuang Baoshi Electronic vacuum Controlled by the same parent
601903109
Glass Co., Ltd. company
Shijiazhuang Baoshi Large-diameter Controlled by the same parent
700820907
plastic tube Co., ltd. company
Shijiazhuang Baoshi Zhonghe Steel Controlled by the same parent
601125212
Plastic Shape Co., Ltd. company
Shijiazhuang Baoshi Xuming Tube Co., Controlled by the same parent
723378699
Ltd. company
Shijiazhuang Baodong Electronic Controlled by the same parent
601008876
Co.,Ltd. company
Controlled by the same parent
Shijiazhuang Baoshi Lighting Co., Ltd. 662202883
company
Controlled by the same parent
Puyang Baoshi Glass Co., Ltd.
company
Shijiazhuang Xuxin Optoelectronics Controlled by the same parent
694655991
Technology Co., Ltd. company
Controlled by the same parent
Dongxu Group Co., Ltd. 768130363
company key management
4. Status of related transactions
(1) Related transactions of purchase or selling goods, service of supply or accept
Cost Amount of current period Amount of previous
determination period
Contents of &strategic
transactions procedures of Proportion Proporti
Amount Amount
related （%） on（%）
Related parties transactions
Shijiazhuang Baoshi Make price
Electronic Group and two sides
Co., Ltd. Material agreement 1,114,337.99 7.83 2,945,002.96 19.33
Shijiazhuang Baoshi Make price
Electronic Group and two sides
Co., Ltd. Energy agreement 7,465,596.35 100 6,247,936.07 100
Shijiazhuang
Baoshi Electronic Provision The actual
Group Co., Ltd. oflabour amount 1,532,414.36 100 2,043,906.25 100
Shijiazhuang Baoshi
Electronic Group Two sides
Co., Ltd. Service agreement 942,000.00 100 942,800.00 100
Shijiazhuang Baoshi Process Make price
Electronic Group expenses and two sides
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Co., Ltd. agreement
(2)Sale Goods /Rendering of service
Cost Amount of current period Amount of previous period
determination
Contents of &strategic
Proportion Proportion
transactions procedures of Amount Amount
（%） （%）
related
Related parties transactions
Shijiazhuang Make price
Baoshi Electronic High-lea and two sides
Group Co., Ltd. d Bulb agreement 8,131,602.46 68.91 16,724,165.81 82.62
Shijiazhuang Make price
Baoshi Electronic and two sides
Group Co., Ltd. Material agreement 31,232.63 67.28
Make
Shijiazhuang
price and two
Baoshi Electronic
sides
Group Co., Ltd.
Labour agreement 3,750,000.00 100 3,207,746.710 100
Shijiazhuang Make price
Baoshi Electronic and two sides
Group Co., Ltd. Repair serves agreement 82,075.48 26.54 12,800.00 5.07
Shijiazhuang
Baoshi Electronic Plant
Group Co., Ltd. decoration Fixed budget 4,004,459.43 100
Shijiazhuang Make price
Baoshi Electronic and two sides
Group Co., Ltd. Mould agreement 19,660.86 21.03
Shijiazhuang Make price
Baoshi Lighting and two sides
Co., Ltd. Repair serves agreement 120,250.00 38.89
Shijiazhuang
Baoshi
Large-diameter Make price
plastic tube Co., and two sides
ltd. Repair serves agreement 31,630.00 10.23 4,818.30 0.57
Shijiazhuang
Zhonghe Stee Make price
Plastic Shape and two sides
Co., Ltd. Mould serves agreement 66,980.00 7.92
Shijiazhuang
Baodong Make price
Electronic and two sides
Co.,Ltd. Material agreement 15,190.77 32.72
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Hebei Dongxu
Investment
Group Co, Ltd. A-frame Cost and profit 1,712,487.17 100
(3)Related rental status
rental
Ensured-proof beneficiary
Start-date of Terminal date of for rental (June 30,
Lessor name Lessee name Type renting renting profit 2011)
Shijiazhuang
Shijiazhuang Baodong
House
Colour Bulb Electronic Rental
Co., Ltd. Co.,Ltd. January 1, 2001 January 1, 2011 contract 0
Shijiazhuang
Baoshi
Shijiazhuang Electronic House
Colour Bulb vacuum Glass September 1, Rental
Co., Ltd. Co., Ltd. 1999 July 31, 2017 contract 0
Shijiazhuang Shijiazhu
Baoshi ang Baoshi
Electronic Electronic House
Glass Co., vacuum Glass Rental
Ltd. Co., Ltd. August 1, 1999 July 31, 2017 contract 0
Shijiaz
huang Shijiazhuang
Baoshi Baoshi
House
Electronic Electronic
Glass Co., Group Co., Rental
Ltd. Ltd. August 1, 2008 July 31, 2013 contract 0
Shijiazhuang Shijiazhuang
Baoshi Baoshi
Electronic Large-diameter
Glass Co., plastic tube Rental
Ltd. Co., ltd. Land June 15,1998 June 15,2010 contract 0
Shijiazhuang Shijiazhuang
Baoshi Baoshi
Electronic Large-diameter House
Glass Co., plastic tube Rental
Ltd. Co., ltd. August 1, 2008 July 31, 2013 contract 0
Shijiazhuang Shijiazhuang
Baoshi Baoshi
Electronic Zhonghe Steel House
Glass Co., Plastic Shape Rental
Ltd. Co., Ltd. January 1, 2010 December 31, 2011 contract 0
67
石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Shijiaz
huang
Shijiazhu
Baoshi
ang Baoshi House
Electronic
Ruiming
Glass Co., Rental
Ltd. January 1, 2010 December 31, 2011 contract 0
Shijiazhuang
Baoshi
Electronic Hebei Baoshi House
Glass Co., lighting Co., Rental
Ltd. Ltd. August 1, 2008 July 31, 2013 contract 0
Shijiazhuang Hebei Baoshi
Baoshi Energy saving
Electronic lighting House
Glass Co., technology Rental
Ltd. Co., Ltd. January 1, 2010 December 31, 2011 contract 0
Shijiazhuang Shijiazhuang
Baoshi Baoshi
Electronic Electronic House
Glass Co., Group Co.,
Ltd. Ltd. October 2008 Agreement 0
Shijiazhuang Shijiazhuang
Baoshi Baoshi
Electronic Electronic
Glass Co., Group Co.,
Ltd. Ltd. Equipment October 2008 Agreement 0
5. Accounts due from related partiesansactions
Accounts receivable from related parties listed company
Balance in
Name Related partyt Balance in year-end
year-begin
Account Shijiazhuang Baoshi Electronic Group
receivables Co., Ltd. 2,666,903.08 1,613,080.81
Account Shijiazhuang Baoshi Electronic vacuum
receivables Glass Co., Ltd. -7,624,288.45 -7,624,288.45
Account
receivables Dongxu Group Co., Ltd. -355,312.40 -9550.40
Account
receivables Puyang Baoshi Glass Co., Ltd. 186,050.75 186,050.75
Shijiazhuang Baoshi Xuming Tube Co.,
Other receivables Ltd. 1,277,941.69 1,277,941.69
Shijiazhuang Baoshi Large-diameter
Other receivables plastic tube Co., Ltd. 7,752,832.00 7,755,276.00
Other receivables Shijiazhuang Baodong Electronic Co., 1,265,241.20 1,310,627.13
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Ltd.
Shijiazhuang Baoshi Zhonghe Steel
Other receivables Plastic Shape Co., Ltd. 4,561,470.82 4,560,590.82
Hebei Baoshi Energy saving lighting
Other receivables technology Co., Ltd. 771,384.81 618,800.81
Shijiazhuang Baoshi Electronic vacuum
Other receivables Glass Co., Ltd. 8,048,731.38 8,048,731.38
Other receivables Puyang Baoshi Glass Co., Ltd. 1,066,930.25 1,066,930.25
Related parties due to listed company
Name Related partyt Balance in year-end Balance in year-begin
Shijiazhuang Baoshi Electronic Group Co.,
Other payable 24,225,793.62 18,003,624.00
Ltd.
Shijiazhuang Baoshi Xuming Tube Co.,
Other payable 410,000.00 410,000.00
Ltd.
VII.Contingent events：N/A
VIII. External security and commitment events.
In 2006, the Group signed (contract number : 072006100101) mortgage contract with the Development Zone
Branches of Shijiazhuang Commercial Bank, providing 18.8 million Yuan mortgage security for Shijiazhuang
Construction & Investment Co., Ltd, the mortgage property: the land located at NO. 8 Electronic Plant Street,
Chang’an District(land No.CA-2-8-3), and the house located at No.8 Chang’an District(House Ownership
No.1900027). This loan has been overdue, the Shijiazhuang Commercial Bank have transferred the loan to Hebei
Guoxing Assets Operation Co., Ltd, Hebei Guoxing Assets Operation Co., Ltd has agreed the extension of the loan.
IX. Events after balance sheet date：N/A
X. Other important events
1. On January 4, 2011, the parent company baoshi Electronics Group Co., Ltd. received the circular form
state-owned assets Supervision and Administration Commission of Shijiazhuang People’s Government, being
notified that the commission was planning to transfer the shares of Baoshi Group it heldand the record date would
be December 31, 2010, Baoshi Group subsequently made arrangements of assets and capital verification, assets
appraisal etc.
On June 29, Shijiazhuang State-owned Assets Regulatory Commission entrusted Hebei Property Right
Transaction Center to publicly assign 22.94% state-owned equity of Shijiazhuang Baoshi Electronic Group Co.,
Ltd., the controlling shareholder of the Company, during the period from June 30, 2011 to July 27, 2011.
22.94% state-owned equity of Shijiazhuang Baoshi Electronic Group Co., Ltd. was acquired by Dongxu
Group Co., Ltd. On August 2, 2011, after examination by Hebei Property Right Transaction Center. Shijiazhuang
State-owned Assets Commission and Dongxu Group Co., Ltd. jointly signed Contract for Assignment of
State-owned Equity of Shijiazhuang Baoshi Electronic Group Co., Ltd.
After the completion of the above-mentioned equity assignment, the Municipal State-owned Assets
Commission and Dongxu Group Co., Ltd. will respectively hold 30% and 70% equity of Baoshi Group. The largest
shareholder of Baoshi Group and the actual controller of the Company will both change. The effectiveness of this
equity assignment contract shall be subject to approval by National State-owned Assets Commission.
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
XI. Noters of main statement parent report(Unit : RMB)
1.Account receivable
（1）Type analyses
Year-end balance Year-beginning balance
Bad debt Bad debt
Amount Proportion％ Proportion% Amount Proportion％ Proportion%
Type reserve reserve
Significant
account
receivable of 20,552,596.78 76.26 20,087,100.18 97.74 20,851,836.78 76.31 20,087,100.18 96.33
single
amount
The
receivables
that the
individual 2,528,389.23 9.38 2,603,462.43 9.53
amount is not
large but the
risk is great
Other
unsignificant
3,871,455.99 14.36 3,871,455.99 100 3,871,455.99 14.16 3,871,455.99 100.00
of account
receivable
26,952,442.00 100 23,958,556.17 88.89 27,326,755.20 23,958,556.17 87.67
Total 100.00
The receivables of large amount：The receivables that risk at top five and the total amount account for 10% or more.
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
（2）The large individual amount or receivable samall accounts for the separate impairment testingis accrued
for bad debts as below:
Year-end balance Provison
Customers Bad debt reserve Accrued Reason
preportion(%)
Henan Anfei Electronic Glass
1,051,096.46 585,599.86 55.71 Can’t withdraw
Co.,Ltd.
Tianjing Anjing Electronic Glass
8,041,810.32 8,041,810.32 100 Can’t withdraw
Co., Ltd.
The unit has
beenin
Baoshi TV Factory 6,661,700.00 6,661,700.00 100
insolvency
proceedings
Anyang Xinyi Electronic
3,796,390.00 3,796,390.00 100 Can’t withdraw
GlassCo., Ltd.
City Lingchao Trading Company 1,001,600.00 1,001,600.00 100 Can’t withdraw
Total 20,552,596.78 20,087,100.18
(3) There were no receivables written off in this reporting period.
（4）There were no important accounts receivable from the main shareholders of the Company holding more
than 5%(including 5%) or the total shares of the Company.
（5）The top 5 in accounts receivable：
Relationship
Name with the Year-end balance Age Proportion%
company
Tianjing Anjing Non-Related
8,041,810.32 Over 3 years 29.84
Electronic Glass Co., Ltd. parties
Non-Related
Baoshi TV Factory 6,661,700.00 Over 3 years 24.72
parties
Anyang Xinyi Electronic Non-Related
3,796,390.00 Over 3 years 14.09
Glass Co., Ltd. parties
City Lingchao Trading Non-Related
1,001,600.00 Over 3 years 3.72
Company parties
Henan Anfei Electronic Non-Related 585601.05 Over 3 years 2.17
Glass Co.,Ltd. parties 465,495.41 Within 1 year 1.73
Total 20,552,596.78. 76.26
(6)Separate amount is not large , the account receivable with big combination risk after combined via risk
character.：
Year-end Provision
Customers Bad debt reserve Accrued reason
balance proportion(%)
The Company
Baoshi Process plant 921,915.24 921,915.24 100 has been
withdrawn
Tianjing Communication Todio
570,000.00 570,000.00 100 Can’t withdraw
Company
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Year-end Provision
Customers Bad debt reserve Accrued reason
balance proportion(%)
Shijiazhuang Radio & TV
483,604.75 483,604.75 100 Can’t withdraw
Company .Economic Dept
The
Baoshi Trading Company 273,371.62 273,371.62 100 Company has
been withdrawn
Tianjing Jingjing Glass Bulb
266,960.00 266,960.00 100 Can’t withdraw
Co., Ltd.
Xingji Industrial Supply &
220,000.00 220,000.00 100 Can’t withdraw
MarketingCooperative-Ji Wwiying
Puyang Baoshi Gloss Co., Ltd. 186,050.75 186,050.75 100 Can’t withdraw
Meng Jun 161,125.00 161,125.00 100 Can’t withdraw
Shanxi Huguan ive Cross
101,200.00 101,200.00 100 Can’t withdraw
Station
Shunping Home Appliances 74,070.00 74,070.00 100 Can’t withdraw
Anyang Radio Tube Factory 68,486.00 68,486.00 100 Can’t withdraw
Shahe Town Enterprises
56,400.00 56,400.00 100 Can’t withdraw
Industrial Supply Company
Shenzhen Dimo Industry
56,244.44 56,244.44 100 Can’t withdraw
Company
Anyang Dali Ecectrinic
45,006.00 45,006.00 100 Can’t withdraw
Company
Zhang Jinjiang 42,500.00 42,500.00 100 Can’t withdraw
Xinxiang Industry and Trade 36,960.00 36,960.00 100 Can’t withdraw
Xinle Peopme Security Dept 33,600.00 33,600.00 100 Can’t withdraw
Jiangsu Metal & chemical 27,435.00 27,435.00 100 Can’t withdraw
ShiXINSHENG Industry
27,050.00 27,050.00 100 Can’t withdraw
Company
Shanxi Changzhi Cheical
20,840.00 20,840.00 100 Can’t withdraw
Station
Tiangong Technology 30,000.00 30,000.00 100 Can’t withdraw
Zhang Yanqiang 14,060.00 14,060.00 100 Can’t withdraw
Shanxi Chengzhi Chemical
13,798.45 13,798.45 100 Can’t withdraw
station-Wang Miao
Shi Jjing Supply Building 12,600.00 12,600.00 100 Can’t withdraw
Shi Zhenghong 10,000.00 10,000.00 100 Can’t withdraw
Wuji Home Appliance 2,500.00 2,500.00 100 Can’t withdraw
Coal Machinery Company 1,672.00 1,672.00 100 Can’t withdraw
China Huadong Electronic 6.74 6.74 100 Can’t withdraw
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Year-end Provision
Customers Bad debt reserve Accrued reason
balance proportion(%)
Shijida Decoration Company 60,000.00 60,000.00 100 Can’t withdraw
Baibo Trading Company 30,000.00 30,000.00 100 Can’t withdraw
Hebei Jiling Mechine
22,500.00 22,500.00 100 Can’t withdraw
Manufacture Factory
Shi City Sprocket Factory 1,500.00 1,500.00 100 Can’t withdraw
3,871,455.9 3,871,455.9
Total
9 9
(7) Receivables from related parties：
Year-end balance Year-beginning
Name Related parties
balance
Account Shijiazhuang Baoshi Electronic
receivables vacuum Glass Co., Ltd.
Account
Puyang Baoshi Glass Co., Ltd. 186,050.75 186,050.75
receivables
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
2.Other receivables
（1）Type analyse
Balance in year-end Balance in year-begin
Type Bad debt Bad debt
Proportion% Proportion%
Amount Proportion% reserve Amount Proportion% reserve
Significant
account
3,743,399.36 14.30 3,743,399.36 100.00 3,743,399.36 16.03 3,743,399.36 100.00
receivable of
single amount
The
receivables that
the individual
19,188,673.12 73.29
amount is not 16,361,345.94 70.06
large but the risk
is great
Other
unsignificant of
3,249,499.73 12.41 3,249,499.73 100.00 3,249,499.73 13.91 3,249,499.73 100.00
account
receivable
Total 26,181,572.21 100.00 6,992,899.09 26.71 23,354,245.03 100.00 6,992,899.09 29.94
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
（2）Separage amount is big at end of the period but other account receivable and doubtful reservesshall be
with drawn：
Content Book amount Bad debt amount Proportion Reason
Baoshi Industry & Can’t
1,554,112.56 1,554,112.56 100
trade Company withdraw
Henan Anfei Can’t
1,122,356.05 1,122,356.05 100
Electronic Co., Ltd. withdraw
Puyang Baoshi Can’t
1,066,930.75 1,066,930.75 100
Glass Co., Ltd. withdraw
Total 3,743,399.36 3,743,399.36
（4）During the reporting period, there is no large provision for bad debts withdrew, No recovery throuth debt
restructuring and other receivables.
（5）There were no important other receivable from the main shareholders of the Company holdingmore than
5 (including 5%) of the total shares of the Company.
（6）The top 5 in other receivable：
Relationship
Name Amount Age Proportion(%)
with the company
212,176.20 Within 1 year 0.81
Shijiazhuang Baoshi Large-diameter 24,943.96 1-2 years 0.10
Related parties
plastic tube Co., ltd. 437,717.82 2-3 years 1.67
7,012,439.92 Over 3 years 26.78
880.00 Within 1 year 0.00
1,021,115.60 1-2 years 3.90
Related parties
112.970.88 2-3 years 0.43
Baoshi Zhonghe Steel Plastic Co 3,292,042.35 Over 3 years 12.57
Baoshi Industry & trade Company Non-Related parties 1,554,112.56 Within 1 year 5.94
671,351.00 1-2 years 2.56
Baoshi Ruiming Related parties 100,547.28 2-3 years 0.38
506,043.41 Over 3 years 1.93
Henan Anfei Electronic Co., Ltd. Non-Related parties 1,122,356.05 Over 3 years 4.29
Total 16,068,697.03 61.37
(7)Separate amount is big at end of the period or not big but other account receivable and doubtful reserves
shall be withdrawn：
Content Book amount Bad debt amount Proportion Reason
Mineral water plant 470,241.48 470,241.48 100 Can’t withdraw
New centur Capsule 404,360.62 404,360.62 100 Can’t withdraw
Tianjing Electronic Instrument
266,745.75 266,745.75 100 Can’t withdraw
Import & Export Company
City Sida 241,350.00 241,350.00 100 Can’t withdraw
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Content Book amount Bad debt amount Proportion Reason
Discount interest 232,810.80 232,810.80 100 Can’t withdraw
Shezhen SEG Zhongkong Co.,
161,568.10 161,568.10 100 Can’t withdraw
Ltd.
Advances transferred 147,557.46 147,557.46 100 Can’t withdraw
Zhao Junqing 177,263.00 177,263.00 100 Can’t withdraw
Guizhou Xingqian Union
120,000.00 120,000.00 100 Can’t withdraw
Antimony Products Company
Picture Tube Plant 111,521.59 111,521.59 100 Can’t withdraw
Xu Xin 100,000.00 100,000.00 100 Can’t withdraw
Provincial Software Center 61,035.00 61,035.00 100 Can’t withdraw
Jinzhou Tube mould factory 50,001.34 50,001.34 100 Can’t withdraw
Xinxiang Lifting Equipment Plant 46,200.00 46,200.00 100 Can’t withdraw
Electric Cars into 43,366.86 43,366.86 100 Can’t withdraw
Shanghai Sea Electrical Store 40,426.00 40,426.00 100 Can’t withdraw
Thermal plant 38,735.55 38,735.55 100 Can’t withdraw
Xinjiang Nonferrous Metal
37,122.88 37,122.88 100 Can’t withdraw
Industry Company
Shenyang Zhongjie Friendship
35,969.53 35,969.53 100 Can’t withdraw
Plant
Pingshan Ore Processing plant 35,461.95 35,461.95 100 Can’t withdraw
Capsule Plant 30,890.01 30,890.01 100 Can’t withdraw
Xianyang Caihong Machine Plant 30,575.00 30,575.00 100 Can’t withdraw
Dongan Company 27,640.04 27,640.04 100 Can’t withdraw
Shijiazhuang Graphite Electrode
Plant, Specialty graphite products 25,000.00 25,000.00 100 Can’t withdraw
factory
Zhengding Xizhaotong 23,000.00 23,000.00 100 Can’t withdraw
Supply Dept 22,294.41 22,294.41 100 Can’t withdraw
Provincial Second construction
20,000.00 20,000.00 100 Can’t withdraw
Company, No.5 Dept
Yangzhou Asia-pacific Special
19,880.00 19,880.00 100 Can’t withdraw
Pump Factory
Shanghai Hongling Automation
18,335.60 18,335.60 100 Can’t withdraw
Instrument Factory
Insulator 15,280.40 15,280.40 100 Can’t withdraw
Benxi Mining Rubber parts
14,250.00 14,250.00 100 Can’t withdraw
Factory
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Content Book amount Bad debt amount Proportion Reason
tIANJING Liffing Equipment
13,400.20 13,400.20 100 Can’t withdraw
Plant, Product maintement Dept
Zhongxing Store 10,000.00 10,000.00 100 Can’t withdraw
Nantian Union Electrical
10,000.00 10,000.00 100 Can’t withdraw
Equipment Factory
Other 147,216.16 147,216.16 100 Can’t withdraw
Total 3,249,499.73 3,249,499.73
（8）Receivables from related parties
Related parties Balance in Balance in
Name
year-end year-begin
Hebei Baoshi Saving Lighting Technology
771,384.81 618,800.81
Other receivable Co.,Ltd.
Other receivable Shijiazhuang Baoshi Xuming Tube Co., Ltd. 1,277,941.69 1,277,941.69
Shijiazhuang Baoshi Large-diameter plastic tube
7,687,277.90 7,689,721.90
Other receivable Co., ltd.
Shijiazhuang Baoshi Zhonghe Steel Plastic Shape
4,427,008.83 4,426,128.83
Other receivable Co., Ltd.
Other receivable Puyang Baoshi Glass Co., Ltd. 1,066,930.75 1,066,930.75
Shijiazhuang Baoshi Electronic vacuum Glass
176,298.09 176,298.09
Other receivable Co., Ltd.
Other receivable Shijiazhuang Baodong Electronic Co., Ltd. 173,169.20 205,555.13
3. Long-term equity investment
Accou
nting Initial Balance in Proport Balancein
Name Change Devalue
metho Investment cost year-beginning ion year-end
d
Shijiazh Costm
uang Baoshi ethod
439,341,956.80 439,341,956.80 - 81.26 378,172,649.84 61,169,306.96
Colour Bulb
Co., Ltd.
Hebei Costm
Xubo ethod
construction 8,000,000.00 8,000,000.00 100.00 8,000,000.00
installation
Co., Ltd.
Shijiazh Costm
uang ethod 200,000.0
200,000.00 40.00 50,000.00 150,000.00
Baolihua 0
Technology &
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
trading Co.,
Ltd.
合计 447,541,956.80 439,541,956.80 8,000,000.00 378,222,649.84 69,319,306.96
Shijiazhuang Baolihua Technology &Trading Co., Ltd. couldn’t be operated normally since its establishment.
A provision for impairment losses has been made in accordance with the cost calculation
4. Business income and Business cost
（1）Business income and business cost
Items Amount of current period Amount of previous period
Glass Plain tub sales
11,800,350.01 20,241,143.41
income
Component sales
3,637,455.99 3,574,266.65
income
Subtotal of Main
15,437,806.00 23,815,410.06
business income
Other Income 7,275,188.72 5,469,452.47
Total of business
2,271,2994.72 29,284,862.53
income
Glass Plain tub sales
14.658,237.70 23,581,965.55
cost
Component sales
418,8497.27 3,601,189.00
cost
Subtotal of Main
18,846,734.97 27,183,154.55
business cost
Other business cost 7,691,490.09 6,059,962.28
Total of Business
26,538,225.06 33,243,116.83
cost
（2）Information on the top five clients according to main business income:
Total sales The ratio to the total sales income of the
Name amount company（％）
Henan Ancai High-tech Co., ltd. 4,867,643.72 21.43
Shijiazhuang Baoshi Electronic Group
8,131,602.46 35.80
Co., Ltd.
Henan Anfei Electronic Glass Co.,Ltd. 3,018,264.94 13.29
India VIDROCONGON Company 721,854.33 3.18
German SCHOTT 5,717.27 0.02
Total 16,745,082.72 73.72
5. Supplement information (Cash Flow Statement)
Amount of current period Amount of previous
Items
period
I. Adjusting net profit to net cash flow in
operating activities :
Net profit -9,114,661.50 -10,215,466.99
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Add: Provision for impairment of assets 5,371,135.04
Fixed assets depreciation, depletion of oil and
gas assets, depreciation of capitalized biological 6,131,461.13 6,299,328.63
assets
Amortization of intanglible assets 163,606.86 163,606.86
Amortization of long-term deferred expenses
Loss on disposal fixed assets, intangible assets
and long-term assets
Loss on scrapping of fixed assets 0.00
Loss from fair change（Less：Gains） 0.00
Financial expenses 37,734.99 133,647.41
Losses arising form investment（Less：Gains） 0.00
decrease of deferred tax assets
Increase feferred income tax assets(Less:
0.00
decrease)
Decrease in investories( Less：Gain) -4,451,554.29 -45,014,831.17
Decrease in operating reveivables（Less：Gain） -2,594,116.77 46,311,374.98
Increase in operating receivable（Less：decrease） 4,543,838.59 37,880.63
Other 305,095.73 27,061.25
Net cash flows form operating activities -4,978,595.26 -2,257,398.40
2.Investing and financing activities that do not
0.00
involving cash receipts and payment
Conversion of debt into capital 0.00
Reclassify convertible bonds to be expired
0.00
within one year as current liability
Fixed assets financed by finance leases 0.00
3.Net increase in cash and cash equivalents 0.00
Cash at the end of the period 92,069.03 2,469,163.82
Less：Cash at the beginning of the period 5,070,664.29 4,720,498.87
Add：Cash equivalents at the end of the period 0.00
Less：Cash equivalent at the beginning of the
0.00
period
Net increase in cash and cash equivalents -4,978,595.26 -2,251,335.05
XII. Supplement information
1. Items and amounts of non-operating profit or loss
Items Amount
（1）Gain/loss form disposal of non-current assets and Provision for impairment 48,504.90
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
of assets including the preparation of the write-off part .
（2）Tax refund, deduction and exemption that is examined and approved by
authority exceeding or has no official approval document.
（3）Governmental Subsidy accounted as current gain/loss, except for those
subsidies at with amount or quantity fixed by the national government and closely
related to the Company’s business operation.
（4）Capital occupation fee collected from non-financial organizations and
accounted as current gain/loss.
（ 5 ） Gain/loss generated when the consolidation costs is less then the
recognizable fair value attributable to the Company.
（6）Non-monetary asset exchange gain/loss.
（7）Gain/loss investment of Commission
（8）Asset impairment provisions for force major such as natural disasters
（9）Gain/loss from debt reorganization
（10）Enterprise reorganization expenses, such as payment to stuff placement and
consolidation expenses
（11）Gain/loss from trades obviously departed from fair value
（12）Net gain/loss of current term from consolidation of subsidiaries under
common control from beginning of term to the consolidation date
（13）Gain/loss from debt forcasting without connection to the main business
operation
（14）In addition to normal business with the company effective hedging related
business, holders of tradable financial assets, transactions and financial liabilities
arising from changes in fair value gains and losses, as well as the disposal of trading of
financial assets, trading financial liabilities and available-for-sale financial assets gains
return on investment;
（15）Single impairment test for impairment of receivables transferred back to
preparation
（16）Commissioned external loans by the Gain/loss
（17）The use of fair value measurement model of follow-up to the fair value of
real estate investment gains and losses arising from changes
（18）According to tax, accounting and other laws, regulations, the requirements
of the current Gain/loss for a one-time adjustment of the impact of the current
Gain/loss;
（19）Entrusted with the operating of the trust to obtain fee income
（20）Net amount of non-operating income and expense except the aforesaid
-118,402.41
items
（21）Other non-recurring Gains/loss items
Total -897.51
Income tax
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
Amount of influence of net losses -69,897.51
2.Explanations for differences between domestic and overseas accounting standards
On September 12, 2007, China Securities Regulatory Commission (CSRC) promulgated a Notice on the Issues
Concerning Audit of Companies that Issue Foreign Investment Shares Listed in China, announcing the cancellation
of the “Dual Audit” requirements in the previously promulgated information disclosure regulations that a company
issuing foreign investment shares listed in China conducts an overseas audit while it engages a certified public
accountants entitled to securities business for audit from the date of promulgation of this Notice. Our company has
not prepared a financial report under the overseas accounting standards since 2007, and the financial report
announced by the company was prepared according to the Accounting Standards for Business Enterprises of China;
therefore, there are no differences between domestic and overseas accounting standards this year.
3. Return on net assets and earnings per share
Net income on asset, Earnings per share
Profit of the report period weighted Basic earnings per share Diluted gains per share
(%)
Net profit attributable to
-4.22 -0.026 -0.026
the owners of Company.
Net profit attributable to
the owners of Company after
-4.19 -0.026 -0.026
deducting of non-recurring
gain/loss.
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
XIII. The statements for the exception and reasons of main accounting items
1. Consolidated Balance Sheet
Balance Balance in Chaged
Items in year-end year-begin Proportion Reason
Monetary Sales decreased, increasing purchase
872,664.11 10,211,579.96 -91.45
fund materials
Bill
220,000 100.00 For the increasing bill clearing in the report period
receivable
Account The returned money has decreased in the report period
5,660,788.91 4,981,279.84 13.64
receivable
Prepaym
2,339,176.02 2,126,128.23 10.02 Construction installation business has increased
ents
Inventory 14,8119,287.51 144,051,281.62 2.82 Stock products inventory increased due to dull sale
Advance
10,247,365.48 9,227,402.63 11.05 Construction installation business has increased
account
Corporation income tax decreased because there is no income from debt
Tax
-2,142,506.79 1,699,764.65 -226 recombination for the current term
payable
Interest
0.00 0.00
payable
Other
account 46,349,778.80 39,979,810.93 15.93 Increase of debt owed to baoshi Group
payable
Other
0.00 0.00
currentliability
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
2. Consolidated Profit Statement
Amount of Amount of
current period previous Chaged
Items period Proportion Reason
Financial The interest has decreased after returning the loan to the Finance Bureau
27,990.75 475,764.27 -94.12
expense
Non-ope
48,504.90 27,888.90 73.92 Disposal of fixed assets had increased compare to the previous period
rating income
Income
61,049.68 0.00 100 The income tax increased since the increasing of the subsidies
tax expenses
3. Consolidated Cash Flow Statement
Amount of Amount of
current period previous Chaged
Items period Proportion Reason
Cash received from selling
With the increasing of the subsidies
goods or providing services 57.809.281.13 47,944,565.25 20.58
Other cash received from
2,654,623.12 577,844.82 359.40 With the increasing of the subsidies
business activities
Cash paid to staffs or paid
8,084,676.84 5,963,472.66 35.57 With the increasing of the subsidies and salary of the workers
for staffs
Other cash paid for With the increasing of the subsidies
331,2984.68 735,052.83 350.71
business activities
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
XIV. The approval of financial report
The report of the financial statements was approved by all directors of the board of directors of the company on August 25, 2011.
Shijiazhuang Baoshi Electronic Glass Co.,Ltd. August 25, 2011.
Summary Statement of Fund Occupation by the Controlling Shareholder and other related parties(January-June 2011)
Prepared by：Shijiazhuang Baoshi Electrotic Glass Co., Ltd. Unit：RMB
Relation
Listed
ship
compa
between
ny
Type of Name of fund Balance of fund
accoun Accumulative Balance of funds Nature of
fund fund occupati occupied at Interest of fund Reason for
ting of amount funds occupied at the occupatio Difference Cause
occupatio occupation on party beginning in occupied in 2011 occpation
accoun payable in 2011 end June 2011 n
n party party and the 2011
ting
listed
subject
compan
s
y
Shijiazhuan
Controll Wages
g Baoshi Other
ing and the Busi
Electronic payabl -18,003,624.00 8,452,124.18 14,674,293.80 -24,225,793.62 -6,222,169.62
sharehol insurance by ness
Group Co., e
der the group
Ltd.
Provid
ing
Shijiazhuan
Controll Accou engine
g Baoshi
ing nt project Busi ering
Electronic 1,613,080.81 4,004,459.43 2,950,637.16 2,666,903.08 1,053,822.57
sharehol receivi expenses ness constr
Group Co.,
der ble uction
Ltd.
servic
Controlli
es
ng
Controll
sharehold Shijiazhuan Provid
ing
er, actual g Baoshi Other e
compan Busi
controller Large-diame receiv 7,755,276.00 121,423.80 123,867.80 7,752,832.00 Goods -2,444.00 repair
y and its ness
and its ter plastic able servic
affiliate
affiliated tube Co., ltd. e
d
Controll
Provid
ing
Shijiazhuan Other e
compan Busi
g Baoshi receiv 4,560,590.82 880.00 4,561,470.82 Goods 880.00 repair
y and its ness
Zhonghe able servic
affiliate
e
d
Shijiazhuan Controll Provid
g Baoshi ing Other e
Busi
Xuming compan receiv 1,277,941.69 1,277,941.69 Goods repair
ness
Tube Co., y and its able servic
Ltd. affiliate e
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
d Other
payabl -410,000.00 Goods Business
-410,000.00
e
Controll
Provid
Shijiazhuan ing
Other e
g Baodong compan
receiv 1,310,627.13 15961.80 61,347.73 1,265,241.20 Goods Business -45,385.93 repair
Electronic y and its
able servic
Co., Ltd. affiliate
e
d
Accou
Controll
nt
Puyang ing 186,050.75 Goods Business 0
receivi 186,050.75
Baoshi compan
ble
Glass Co., y and its
Other
Ltd. affiliate
receiv 1,066,930.25 Goods Business 0
d 1,066,930.25
able
Shijiazhuan Other
Controll Lease
g Baoshi receiv 8,048,731.38 8,048,731.38 Business
ing expenses
Electronic able
compan
vacuum Accou Using
y and its
Glass Co., nt assets
affiliate -7,624,288.45 -7,624,288.45 Goods Business
Ltd. receiv to repa
d
able y debt
Hebei Controll
Provid
Baoshi ing
Other e
Saving compan
receiv 618,800.81 172,250.00 19,666.00 771,384.81 Goods Business 152,584.00 repair
Lighting y and its
able servic
technology affiliate
e
Co., Ltd. d
Wages and
Subtotal 400,117.19 12,767,099.21 17,829,812.49 -4,662,596.09 the insurance Business
by the group
Listed
company
and its
affilated
Subtotal
Relatedn
Control
atural
main
persons Accou
manage
and the Dongxu nt
ment -9,550.40 1,971,339.60 2,317,101.60 -355,312.40 -345,762.00
legal Group receiv
parentc
persons able
Compan
controlle
y
d by
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石家庄宝石电子玻璃股份有限公司 2011 年半年度报告
them
Subtotal -9,550.40 1,971,339.60 2,317,101.60 -355,312.40
Other
related
persons
and their
affiliated
Subtotal
-5,017,908.49
390,566.79 14,738,438.81 20,146,914.09 -
Total
Legal Representative of the Company：Shang Jianbin Person in charge of accounting organ：Wang Lipeng
Person in charge of accounting institutes:：Zhou Yumao
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