石家庄宝石电子玻璃股份有限公司 2012 年第一季度季度报告全文
Shijiazhuang Baoshi Electronic Glass Co., Ltd.
The First Quarterly Report 2012
§1 Important Notes
1.1 The Board of Directors and the directors of the Company hereby warrant that there are no
misstatement, misleading representation or important omissions in this report and shall assume
joint and several liability for the authenticity, accuracy and completeness of the contents
hereof.
1.2 The First quarterly financial report of the Company is unaudited.
1.3 Principal of the Company Mr. Li Zhaoting, Charge of Accounting Works Mr. Wang Lipeng and
Charge of Accounting Institution Mr.Zhou Yumao hereby declare : We guarantee the authenticity and
completeness of the Financial Report in this quarterly report.
§2 Basic Information
2.1 Main accounting Highlights and financial indexes
Unit: RMB
Increase/decrease of the
At the end of the report end of report period than
At the end of the last year
period that of the end of the last
year(%)
Total assets 595,000,429.18 374,112,091.30 59.04%
Owners’ equity attributable to shareholders of the
251,522,680.98 232,478,763.31 8.19%
listed company
Share capital 383,000,000.00 383,000,000.00 0.00%
Net assets per share attributable to shareholders
0.66 0.61 8.20%
of the listed company(RMB/share)
Amount of the same period
Amount of current period Increase /decrease（％）
in last year
Total turnover(RMB) 207,764,428.94 10,827,264.91 1,818.90%
Net profit attributable to owners of parent
19,043,917.67 -6,584,991.53 389.20%
company(RMB)
Net cash flow arising from operating
-29,059,638.83 -4,940,968.35 488.14%
activities(RMB)
Net cash flow per share arising from operating
-0.076 -0.013 484.62%
activities(RMB/share)
Basic earnings per share(RMB/share) 0.0497 -0.0172 388.95%
Diluted earnings per share(RMB/share) 0.0497 -0.0172 388.95%
Weighted average return on equity（%） 7.87% -3.03% 10.90%
Weighted average return on equity after
7.87% -3.03% 10.90%
deducting non-recurring gains and losses（%）
Items of non-current gains and losses
√Applicable □Not applicable
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石家庄宝石电子玻璃股份有限公司 2012 年第一季度季度报告全文
Unit: RMB
Amount (Year-beginning to the
Non-recurring gain and loss items Notes（If applicable）
end of the report period.)
Governmental Subsidy accounted as current gain/loss, except for those
subsidies at with amount or quantity fixed by the national government 8,148.00
and closely related to the Company’s business operation.
Other non-operating income and expense except the aforesaid items -2,000.00
Total 6,148.00 -
2.2 Top 10 shareholders and top 10 holders of unconditional shares
Unit：Shares
By the end of the report period, the Company had 19,147 shareholders
Total number of shareholders at the end of report
period in total, including 11,778 shareholders holding A shares and 7,369
shareholders holding B shares
Particulars about the shares held by the top ten tradable shareholders with unrestricted conditions
Amount of tradable shares with
Full name of shareholder unrestricted conditions held at the end of Type of shares
report period
Shijiazhuang Baoshi Electronic Group Co., Ltd. 110,785,500 RMB common share
China Great Wall Asset Management
17,614,880 RMB common share
Corporation
China Minsheng Bank－Huashang lead
13,399,956 RMB common share
Enterprise Mixed Securities Investment Fund
China East Asset Management Corporation 10,010,941 RMB common share
Taifook Securities Company Limited-Account Foreign shares placed in domestic
4,745,803
Client exchange
GUOTAI JUNAN SECURITIES(HONGKONG) Foreign shares placed in domestic
3,372,912
LIMITED exchange
Foreign shares placed in domestic
Chen Qianfen 3,355,200
exchange
NATWEST SECURITIES HONG KONG Foreign shares placed in domestic
3,337,100
LIMITED exchange
Foreign shares placed in domestic
LI LEON ZHAN WEI 3,245,000
exchange
Foreign shares placed in domestic
Shen Guo 2,966,855
exchange
§3 Significant Events
3.1 Particular about large-margin change of main accounting statement item and financial index and its
reason.
√ Applicable □ Not applicable
1.Item of Balance sheet
Year-beginning Proportion
Items Year-end balance Changed Cause
balance (%)
Mainly due to business of settlement
Bill receivable 1,245,624.00 450,000.00 176.81 in the collection of bank acceptance
bills increases
Accounts
170,956,907.49 12,293,588.86 1,290.62 The volume of business growth
receivable
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石家庄宝石电子玻璃股份有限公司 2012 年第一季度季度报告全文
Advanced paid materials and
Prepayment 45,341,912.67 5,672,207.76 699.37
equipment increased
Other receivables 79,304,382.41 24,349,986.54 225.69 Business increased
Inventory 96,160,250.12 141,982,009.04 -32.27 Sales inventory business increased
Long-term equity Mainly due to increase investment to
3,275,000.00 150,000.00 2,083.33
investment Wuhan Company
The new company need a loan from
Short-term loans 20,000,000.00 0.00
the bank to operates
Accounts payable 57,920,913.96 13,442,371.13 330.88 The volume of business growth
The new employees increased,
Wage payable 8,174,356.76 4,269,284.78 91.47 correspondingly increased in salary
increase extraction
Accounts in Advance payment settlement
2,298,394.76 1,060,332.76 116.76
advance increased
Taxes payable 37,284,331.44 804,265.53 4,535.82 The volume of business growth
The new company purchased land for
Intangible assets 18,117,982.02 11,498,305.96 57.57
construction projects
Other accounts
96,970,100.22 31,601,289.10 206.85 Business Increased
payable
2.Items of Profit statement
Same period of last Proportion
Items This period Changed Cause
year (%)
The New Company increased
Operating income 207,764,428.94 10,827,264.91 1,818.90
business growth
The New Company increased
Operating cost 117,485,002.98 11,987,167.87 880.09
business growth
Operating tax and The New Company increased
6,519,407.58 43,169.28 15,001.96
extras business growth
The New Company increased
Sales expenses 393,293.68 198,287.25 98.35
business growth
Financial expenses -79,025.62 4,461.45 1,871.30 Interest income increased
Administration Business growth management fee
16,709,685.46 5,304,682.18 215.00
expenses increased
Great growth of the profit of the
Expense of income
17,324,428.82 9,382.81 184,540.09 company for the current term lead to
tax
tax increased
3.Items of Consolidation Cash Flow Statement
Same period of last Proportion
Items This period Changed Cause
year (%)
Net cash flows Mainly due to taxes paid， Other
arising form -29,059,638.83 -4,940,968.35 488.14 cash paid for business activities
operating activities Taxes paid
Mainly due to Cash paid for
Net cash flows
construction of fixed assets,
arising from investing -12,403,797.00 -16,200.00 76,466.65
intangible assets and other long-term
activities
assets
Net cash flows
Mainly due to the new company loan
arising from 39,072,000.00 0.00
increased for the current term
financing activities
Net increase of cash Mainly due to increase in financing
-2,391,435.83 -4,957,168.35 -51.76
and cash equivalents activity for the current period
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石家庄宝石电子玻璃股份有限公司 2012 年第一季度季度报告全文
3.2 The progress of significant events and influence, as well as the analysis and explanation on resolving
proposal.
□Applicable √Not applicable
3.2.1 Non-standard Opinion
□Applicable √Not applicable
3.2.2 The Company provided funds to its controlling shareholder or related parties and provided guarantees in
violation of established procedures.
□applicable √ not applicable
3.2.3 Signing and performance of significant contracts for daily operation
□applicable √ not applicable
3.2.4 Other
√applicable □ not applicable
1．On April 2009, The Company owned and held two of the commercial acceptance bill of rights (Totalling RMB
0.70 million and the payer is Naning Huafei Company) transferred to Shanxi tianlu Company to reduce the debts of
both. On July after Shanzi Tianlu Company paid RMB 0.1 million, the remaining RMB 0.6 million has failed to
receive payment. On July 2009, the company received Shanxi Tianlu Company’s application for Shijiazhuang
Arbitration Commission, Shanxi Tianlu required to returned the bills of Exchange, and our company should pay the
remaining RMB 0.6 million, Now that the case is still in arbitration.
2. The Provisional Shareholders' General Meeting in 2012 examined and adopted the ten proposals including the
Preplan of the Company for Private Issue Non-public A Shares on March 14th, 2012
3.The company’s wholly owned subsidiary of Wuhu Dongxu Optoelectronic in the LCD business has submitted to
the Anhui provincial development and Reform Commission for the record, the project's environmental impact
report has been made and received by Anhui Province Environmental Protection Office audit and officially replied,
land for the project has been made in pre-trial comments.
3.3 The fulfillment of the commitment made by the Company , shareholders and the actual controller
Commitments made by the listed company and its directors, supervisors, senior executives, the shareholders with
holding above 5% shares and its actual controller in the report period, or lasting until the report period.
√ Applicable □ Not applicable
Items of commitments Promisee Content of commitments Implementation
Commitment of Share
conditional subscription
N/A N/A N/A
Commitments made in
Acquisition Report or
Reports on Change in
N/A N/A N/A
interests
Commitments made in
Material assets N/A N/A N/A
Reorganization
Commitments made in
1. I and other companies controlled by me except the
issuing Li Zhaoting Company ("I and other companies controlled by me") are not Perform strictly
directly or indirectly engaged in the business that is the same
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石家庄宝石电子玻璃股份有限公司 2012 年第一季度季度报告全文
as or similar to that of the Company in any manner, do not
own controlled subsidiaries, joint ventures and affiliated
companies engaged in such business at present and will not
be engaged in such business in the future.
2. I and other companies controlled by me will not directly
invest in or acquire any enterprises and projects engaged in
the business that is the same as or similar to that of the
Company.
3. In case of horizontal competition arising for any reason
between the assets owned by me and other companies
controlled by me, I and other companies controlled by me
will actively take effective measures and give up the
business causing horizontal competition.
4. Dongxu Optoelectronic Investment Co., Ltd. ("Dongxu
Optoelectronic"), Dongxu Group Co., Ltd. ("Dongxu
Group") and Shijiazhuang Baoshi Electronic Group Co., Ltd.
("Baoshi Group") now respectively hold 40% equity of
Zhengzhou Xufei Optoelectronic Technology Co., Ltd., 60%
of Dongxu (Yingkou) Optoelectronic Display Co., Ltd., 51%
equity of Sichuan Xuhong Optoelectronic Technology Co.,
Ltd. and 50% equity of Shijiazhuang Xuxin Optoelectronic
Technology Co., Ltd. I hereby promised to entrust all the
equities of such companies to the Company for management
and entrust the business management rights and supervision
rights of such companies to the Company for management
before the implementation of investment projects using
raised proceeds.
5. Under the circumstance of satisfaction of relevant
conditions of securities supervision, Dongxu Optoelectronic,
Dongxu Group and Baoshi Group will transfer all the
equities of the said companies into the Company.
If Baoshi Group plans to sell tradable stocks of Shijiazhuang
Baoshi Electronic Glass Company Limited through the bid
Other commitments Shijiazhuang trading system of Shenzhen Stock Exchange and sell greater
Baoshi than 5% of shares within six months after the first sales,
（Including:
supplementary
Electronic Baoshi Group will disclose the contents specified by the Perform strictly
Group Co., Form Guide to Prompt Announcement of Removing
commitments） Ltd. Restriction on Sales of Non-tradable Stocks of Listed
Companies through the prompt announcement of disclosing
sales of listed companies.
3.4 Estimation of accumulative net profit from the beginning of the year to the end of next report period to
be loss probably or the warning of its material change compared with the corresponding period of the last
year and explanation of reason.
□applicable √ not applicable
3.5 Other significant events need to be explained
3.5.1 Securities investment
□applicable √ not applicable
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石家庄宝石电子玻璃股份有限公司 2012 年第一季度季度报告全文
3.5.2 Reception of investigations, communications ,or interviews company held in the report period.
Main discussion and materials
Time Place Reception way Type Visitor
provided by the Company
January 1, Not on-site recepti public investo Matters about company issued n
2012 to on on-public issuing A stocks, prov
Telephone Individual r
March 31, ide public information, not yet p
2012 rovide documents materials
3.6 Derivative Investment
□applicable √ not applicable
3.6.1 Particulars about derivatives investment held at the end of report period
□applicable √ not applicable
§4 Appendix
4.1 Balance sheet
Prepared by Shijiazhuang Baoshi Electronic Glass Co., Ltd. March 31,2012 Unit：RMB
Year-end balance
Year-beginning balance
Items
Consolidated Parent company Consolidated Parent company
Current assets：
Monetary funds 13,455,789.90 2,560,203.21 15,847,225.73 2,267,777.81
Settlement provisions
Capital lent
Transaction finance assets
Bill receivable 1,245,624.00 1,245,624.00 450,000.00 450,000.00
Accounts receivable 170,956,907.49 12,311,128.12 12,293,588.86 10,244,977.45
Prepayment 45,341,912.67 4,650,592.73 5,672,207.76 3,397,641.09
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Interest receivable
Dividend receivable
Other receivables 79,304,382.44 65,649,079.47 24,349,986.54 20,745,751.98
Purchase restituted finance
assets
Inventory 96,160,250.11 91,559,350.00 141,982,009.03 140,601,359.82
Non-Current assets within one
year
Other Current assets 58,153,190.35 153,190.35 58,153,190.35 153,190.35
Total currents assets 464,618,056.96 178,129,167.88 258,748,208.27 177,860,698.50
Non-current assets
Granted loans and advances
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石家庄宝石电子玻璃股份有限公司 2012 年第一季度季度报告全文
Finance assets available sales
Held-to maturity securities
Long-term account receivable
Long-term equity investment 3,275,000.00 82,544,306.96 150,000.00 79,419,306.96
Investment property 16,927,360.94 7,924,679.77 17,817,841.32 8,660,614.54
Fixed assets 51,381,255.55 31,723,305.23 52,896,805.40 32,773,520.42
Construction in progress 28,580,269.83 22,984,297.34 22,302,509.06 21,561,509.06
Engineering material
Disposal of fixed assets
Consumable biological assets
Oil and gas assets
Intangible assets 18,117,982.02 11,416,915.03 11,498,305.96 11,498,305.96
Expense on research and
2,100.00
development
Goodwill
Long-term expenses to be
139,476.63
apportioned
Deferred income tax assets 11,958,927.25 10,698,421.29 10,698,421.29 10,698,421.29
Other non-current assets
Total non-current assets 130,382,372.22 167,291,925.62 115,363,883.03 164,611,678.23
Total assets 595,000,429.18 345,421,093.50 374,112,091.30 342,472,376.73
Current liabilities：
Short-term loans 20,000,000.00
Loan form central bank
Absorbing deposit and
interbank deposit
Capital borrowed
Transaction financial liabilities
Bill payable
Accounts payable 57,920,913.96 16,173,389.96 13,442,371.13 16,470,725.61
Accounts received in advance 2,298,394.76 1,986,332.76 1,060,332.76 1,025,332.76
Selling financial assets of
repurchase
Commission charge and
commission payable
Wage payable 8,174,356.76 4,524,824.96 4,269,284.78 4,229,855.72
Taxes payable 37,284,331.44 765,133.44 804,265.53 1,139,016.69
Interest payable
Dividend payable
Other accounts payable 96,970,100.22 107,860,216.94 31,601,289.10 106,445,047.72
Reinsurance payables
Insurance contract reserve
Security trading of agency
Security sales of agency
Long-term liabilities due
within1 year
Other current liabilities 63,009,000.00 63,009,000.00
Total current liabilities 285,657,097.14 131,309,898.06 114,186,543.30 129,309,978.50
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石家庄宝石电子玻璃股份有限公司 2012 年第一季度季度报告全文
Non-current liabilities：
Long-term loans
Bonds payable
Long-term accounts payable
Special accounts payable
Projected liabilities
Deferred income tax liabilities
Other non-current liabilities 105,000.00 105,000.00 105,000.00 105,000.00
Total non-current liabilities 105,000.00 105,000.00 105,000.00 105,000.00
Total liabilities 285,762,097.14 131,414,898.06 114,291,543.30 129,414,978.50
Owner’s equity(or shareholder’s
equity)：
Share capital 383,000,000.00 383,000,000.00 383,000,000.00 383,000,000.00
Capital public reserve 387,380,227.13 358,047,576.01 387,380,227.13 358,047,576.01
Less：Inventory shares
Special Reserve
Surplus public reserve 27,454,788.05 32,204,150.60 27,454,788.05 32,204,150.60
Provision of general risk
Retained profit -546,312,334.20 -559,245,531.17 -565,356,251.87 -560,194,328.38
Balance difference of foreign
currency translation
Total owner’s equity attributable
251,522,680.98 214,006,195.44 232,478,763.31 213,057,398.23
to parent company
Minority interests 57,715,651.06 27,341,784.69
Total owner’s equity 309,238,332.04 214,006,195.44 259,820,548.00 213,057,398.23
Total liabilities and owner’s
595,000,429.18 345,421,093.50 374,112,091.30 342,472,376.73
equity
4.2 Profit statement
Prepared by Shijiazhuang Baoshi Electronic Glass Co., Ltd. January –March 2012 Unit：RMB
This period Same period of last year
Items
Consolidation Parent Company Consolidation Parent Company
I. Total operating income 207,764,428.94 63,868,055.32 10,827,264.91 9,963,253.78
Including：Operating income 207,764,428.94 63,868,055.32 10,827,264.91 9,963,253.78
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 141,028,364.08 62,919,258.11 17,537,768.03 16,017,932.25
including：operating cost 117,485,002.98 56,339,408.42 11,987,167.87 11,488,376.16
Interest expense
Commission charge and
commission expense
Cash surrender value
Net amount of expense of
compensation
Net amount of withdrawal of
insurance contract reserve
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石家庄宝石电子玻璃股份有限公司 2012 年第一季度季度报告全文
Bonus expense of guarantee slip
Reinsurance expense
Operating tax and extras 6,519,407.58 1,386,631.29 43,169.28 27,748.41
Sales expenses 393,293.68 108,428.73 198,287.25 198,287.25
Administration expenses 16,709,685.46 5,097,707.85 5,304,682.18 4,291,035.62
Financial expenses -79,025.62 -12,918.18 4,461.45 12,484.81
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 66,736,064.86 948,797.21 -6,710,503.12 -6,054,678.47
Add：non-operating income 8,148.00 32,522.80 32,522.80
less：non-operating expense 2,000.00 40,938.69 40,938.22
Including：disposal loss of
non-current assets
IV. Total profit 66,742,212.86 948,797.21 -6,718,919.01 -6,063,093.89
Less：expense of income tax 17,324,428.82 9,382.81
V. Net profit 49,417,784.04 948,797.21 -6,728,301.82 -6,063,093.89
Net profit attributable to owner’s
19,043,917.67 948,797.21 -6,584,991.53 -6,063,093.89
equity of parent company
Minority shareholders’ gains
30,373,866.37 -143,310.29
and losses
VI. Earnings per share
（i）basic earnings per share 0.0497 0.002477 -0.0172 -0.01583
（ii）Diluted earnings per
0.0497 0.002477 -0.0172 -0.01583
share
VII. Other comprehensive income
VIII. Total comprehensive income 49,417,784.04 948,797.21 -6,728,301.82 -6,063,093.89
Total comprehensive income
attributable to the owner of the 19,043,917.67 948,797.21 -6,584,991.53 -6,063,093.89
parent company
Total comprehensive income
30,373,866.37 -143,310.29
attributable minority shareholders
For the enterprises under the same control consolidated in the report period, the net profit realized by the consolidate before the
consolidation is RMB 0.00.
4.3 Cash Flow Statement
Prepared by Shijiazhuang Baoshi Electronic Glass Co., Ltd. January –March 2012 Unit：RMB
This period Same period of last year
Items
Consolidation Parent Company Consolidation Parent Company
I. Cash flows arising form
operating activities:
Cash received from selling
commodities and providing labor 84,356,190.68 82,885,331.18 34,429,116.76 30,827,901.40
services
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石家庄宝石电子玻璃股份有限公司 2012 年第一季度季度报告全文
Net increase of customer
deposit and interbank deposit
Net increase of loan form
central bank
Net increase of capital
borrowed from other financial
institution
Cash received from original
insurance contract fee
Net cash received from
reinsurance business
Insured savings and net
increase of investment
Net increase of disposal of
transaction financial assets
Cash received form interest,
commission charge and
commission
Net increase of capital
borrowed
Net increase of returned
business capital
Write-back of tax received 129,895.64 129,270.64 8,965.47 8,965.47
Other cash received
81,478,186.63 8,532,249.57 573,979.85 189,391.59
concerning operating activities
Subtotal of cash inflow 165,964,272.95 91,546,851.39 35,012,062.08 31,026,258.46
Cash paid for purchasing
commodities and receiving labor 48,020,545.55 3,733,653.14 31,429,044.71 29,366,104.46
service
Net increase of customer
loans and advances
Net increase of deposits in
central bank and interbank
Cash paid for original
insurance contract compensation
Cash paid for interest,
commission charge and
commission
Cash paid for bonus of
guarantee slip
Cash paid to/for staff and
13,242,520.90 3,306,117.48 4,028,089.44 3,874,725.28
worker
Taxes paid 22,305,684.60 12,023,591.35 2,554,419.43 2,105,148.99
Other cash paid concerning
111,455,160.73 67,135,517.02 1,941,476.85 212,833.14
operating activities
Subtotal of cash outflow 195,023,911.78 86,198,878.99 39,953,030.43 35,558,811.87
Net cash flows arising form
-29,059,638.83 5,347,972.40 -4,940,968.35 -4,532,553.41
operating activities
II. Cash flows arising form
investing activities
Cash received form recovering
investment
Cash received form investment
income
Net cash received form disposal
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石家庄宝石电子玻璃股份有限公司 2012 年第一季度季度报告全文
of fixed , intangible and
other long-term assets
Net cash received from disposal
of subsidiaries and other
units
Other cash received concerning
investing activities
Subtotal of sash inflow
Cash paid for purchasing
fixed, intangible and other 9,278,797.00 1,930,547.00 16,200.00 0.00
long-term assets
Cash paid for investment 3,125,000.00 3,125,000.00
Net increase of mortgaged loans
Net cash received from
subsidiaries and other units
Other cash paid concerning
investing activities
Subtotal of cash outflow 12,403,797.00 5,055,547.00 16,200.00 0.00
Net cash flows arising from
-12,403,797.00 -5,055,547.00 -16,200.00 0.00
investing activities
III. Cash flows arising from
financing activities
Cash received from absorbing
investment
including：Cash received from
absorbing minority shareholders’
investment by subsidiaries
Cash received from loans 42,722,000.00
Cash received from issuing
bonds
Other cash received
concerning financing activities
Subtotal of cash inflow 42,722,000.00
Cash paid form settling debts 2,000,000.00
Cash paid for dividend and
profit distributing or interest
paying
including：Dividend and profit
of minority shareholder paid by
subsidiaries
Other cash paid concerning
1,650,000.00
financing activities
Subtotal of cash outflow 3,650,000.00
Net cash flows arising from
39,072,000.00
financing activities
IV. Influence on cash due to
fluctuation in exchange rate
V.Net increase of cash and cash
-2,391,435.83 292,425.40 -4,957,168.35 -4,532,553.41
equivalents
Add：Balance of cash and cash
15,847,225.73 2,267,777.81 10,211,579.96 5,070,664.29
equivalents at the period -begin
VI. balance of cash and cash
13,455,789.90 2,560,203.21 5,254,411.61 538,110.88
equivalents at the period-end.
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石家庄宝石电子玻璃股份有限公司 2012 年第一季度季度报告全文
4.4 Auditor’ report
Auditor’s opinions: Not audited
Shijiazhuang Baoshi Electronic Glass Co., Ltd.
Board chairman: Li Zhaoting
April 18,2012
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