石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
SHIJIAZHUANG BAOSHI ELECTRONIC GLASS COMPANY LIMITED
The Semi-annual Report 2013
August 2013
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
I. Important Notice, Table of Contents and Definitions
The Board of Directors ,Supervisory Committee, all directors, supervisors and senior executives of the Company
hereby guarantees 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.
All the directors attended the board meeting for reviewing the Annual Report.
The Company has no plan of cash dividends carried out, bonus issued and capitalizing of common reserves
either.
Mr.Li Zhaoting, The Company leader, Mr. Li Quannian, Chief financial officer and the Mr..Li Zhiyong, the
person in charge of the accounting department (the person in charge of the accounting )hereby confirm the
authenticity and completeness of the financial report enclosed in this semi-annual report.
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Table of Contents
2013 Semi- Annual Report
I.Important Notice, Table of contents and Definitions
II. Basic Information of the Company
III. Summary of Accounting Highlights and Business Highlights
IV. Report of the Board of Directors
V. Important Events
VI. Change of share capital and shareholding of Principal Shareholders
VII. Information about Directors, Supervisors and Senior Executives
VIII. Financial Report
IX. Documents available for inspection
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Definition
Terms to be defined Refers to Definition
Dongxu Gruop Refers to Dong Xu Group Co., Ltd.
Baoshi Group Refers to Shijiazhuang Baoshi Electronics Group Co., Ltd
Zhengzhou Xufei Refers to Zhengzhou Xufei Optoelectronic Technology Co., Ltd.
Dongxu（Yingkou）Optoelectronic Refers to Dongxu（Yingkou）Optoelectronic Display Co., Ltd.
Sichuan Xuhong Optoelectronic Refers to Sichuan Xuhong Optoelectronic Technology Co., Ltd.
Shijiazhuang Xuxin Refers to Shijiazhuang Xuxin Optoelectronic Technology Co., Ltd.
Wuhu Dongxu Optoelectronic Refers to Wuhu Dongxu Optoelectronic Technology Co., Ltd.
Wuhu Dongxu Equipment Refers to Wuhu Dongxu Optoelectronic Equipment Technology Co., Ltd.
Shijiazhuang Dongxu Equipment Refers to Shijiazhuang Dongxu Optoelectronic Equipment Technology Co., Ltd.
Baoshi Lighting Refers to Hebei Baoshi Energy Saving lighting technology Co., Ltd.
Baoshi Xuming Refers to Shijiazhuang Baoshi Xuming Tube Co., Ltd.
Baoshi Zhonghe Refers to Shijiazhuang Baoshi Zhonghe Steel Plastic Shape Co., Ltd.
Baoshi Large-diameter Refers to Shijiazhuang Baoshi Large-diameter plastic tube Co., ltd.
Baodong Company Refers to Shijiazhuang Baodong Electronic Co.,Ltd
Baoshi Electronic Vacuum Refers to Shijiazhuang Baoshi Electronic vacuum Glass Co., Ltd.
In the report period Refers to January 1, 2013——June 30, 2013
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
II. Basic Information of the Company
1. Company Information
Stock abbreviation Baoshi A, Baoshi B Stock code： 000413 200413
Stock exchange for listing： Shenzhen Stock Exchange
Name in Chinese 石家庄宝石电子玻璃股份有限公司
Chinese Abbreviation（If any）宝石股份
English name (If any) SHIJIAZHUANG BAOSHI ELECTRONIC GLASS COMPANY LIMITED
English abbreviation (If any) SJZBS
Legal Representative Li Zhaoting
2. Contact person and contact manner
Board secretary Securities affairs Representative
Name Fu Yinfang Wang Qingfei
Securities Dept of the Company, No.9,
No.9, Huanghe Road, Shijiazhuang
Huanghe Road, Shijiazhuang High-tech
Contact address High-tech Industrial Development Area,
Industrial Development Area,
Shijiazhuang, Hebei Province
Shijiazhuang, Hebei Province
Tel 0311-86917775 010-84417830 0311-86917775
Fax 0311-86917775 010-84417830 0311-86917775
E-mail fyfws@126.com baoshixzb@126.com
3.Other
1.Way to contact the Company
Whether registrations address, offices address and codes as well as website and email of the Company changed in
reporting period or not
□ Applicable √ Not Applicable
Registrations address, offices address and codes as well as website and email of the Company has no change in reporting period,
found more details in Annual Report 2012.
2. About information disclosure and where this report is placed
Did any change occur to information disclosure media and where this report is placed during the reporting period?
□ Applicable √ Not applicable
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
The newspapers designated by the Company for information disclosure, the website designated by CSRC for disclosing this report
and the location where this report is placed did not change during the reporting period. The said information can be found in the 2012
Annual Report.
3.Change of the registered information
Did any change occur to the registered information during the reporting period?
√ Applicable □Not Applicable
Number of Business
Date of Authority Registered Taxation Organization
License of Enterprise as
Registration with Registration No.: Code
Legal Person
No.9, Huanghe Road,
Shijiazhuang High-tech
November 16,
Initial registration Industrial Development 130000000001040 130111104395983 10439598-3
2012
Area, Shijiazhuang,
Hebei Province
No.9, Huanghe Road,
Shijiazhuang High-tech
Registration at the end of
April 12, 2013 Industrial Development 130000000001040 130111104395983 10439598-3
the reporting period
Area, Shijiazhuang,
Hebei Province
Date of disclosing
provisional announcement April 18,2013
(If any）
Description of the website
for disclosing provisional http://www.cninfo.com.cn
announcements(If any)
4.Other relevant information
Whether other relevant information has changed in reporting period or not
□ Applicable √ Not applicable
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
III. Summary of Accounting data and Financial index
1.Major accounting data and /Financial index
May the Company make retroactive adjustment or restatement of the accounting data of the previous years due to
change of the accounting policy and correction of accounting errors.
□ Yes √ No
Increase/decrease over the
Reporting period Same period of last year
same period of last year（%）
Operating income（RMB） 255,042,354.08 361,355,746.17 -29.42%
Net profit attributable to the shareholders
113,967,626.00 41,175,784.18 176.78%
of the listed company（RMB）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of 36,497,091.05 40,625,646.13 -10.16%
listed company（RMB）
Cash flow generated by business operation,
-917,048,985.69 -47,915,720.68 -1,813.88%
net（RMB）
Basic earning per share(RMB/Share) 0.2 0.11 81.82%
Diluted gains per
0.2 0.11 81.82%
share(RMB/Share)(RMB/Share)
Weighted average income/asset ratio（%） 5.42% 16.27% -10.85%
As at the end of the Changed （%）over end of
As at the end of last year
reporting period prev. year
Gross assets（RMB） 8,381,768,550.24 2,061,707,738.09 306.54%
Shareholders’ equity attributable to
5,467,209,825.18 391,928,777.84 1,294.95%
shareholders of the listed company（RMB）
II. Items and amount of non-current gains and losses
Unit:RMB
Items Amount Notes
Govemment subsidy recognized in current gain and
loss(excluding those closely related to the Company’s business 105,053,368.45
and granted under the state’s policies)
Custody fee income when entrusted with operation 3,000,000.00
Other non-business income and expenditures other than the above -473,167.75
Less: Amount of influence of income tax 26,895,050.17
Minority interests effects (after tax) 3,214,615.58
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Total 77,470,534.95 --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on
information disclosure for Companies Offering their Securities to the Public-Non-recurring Gains and Losses and
its non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on information Disclosure
for Companies offering their securities to the public-non-recurring Gains and losses which have been defined as
recurring gains and losses, it is necessary to explain the reason.
□ Applicable√ Not applicable
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
IV. Report of the Board of Directors
I. General
Due to the implementation of National 12th Five-Year Development Planning for Electronic Information
Manufacturing Industry and the big expansion of domestic panel production capacity in recent years, the space for
substituting imported products with homemade glass substrate has been enlarged and glass substrate industry has
met good development opportunities. The Company actively seized the opportunity and carried out transformation
from the business of traditional CRT TV glass tube and components to glass substrate business. Under the support
of the controlling shareholder Dongxu Group including free technical license, glass substrate assets trust and
commitment of asset injection in the future, the Company focused on the business of glass substrate equipment,
raised proceeds through private issue of shares, constructed 10 glass substrate production lines of the sixth
generation and realized quick transformation.
In the report period, the Company seized the opportunity brought by national development of emerging
optoelectronic industry and accelerated the construction of liquid crystal glass substrate projects of itself and
trusted companies. Two lines of phase-I project of glass substrate production line of the sixth generation of Wuhu
Dongxu Optoelectronic, a wholly-owned subsidiary, were constructed smoothly. Line 1 was smoothly run off tab
in July. The first piece of non-defective semi-finished glass substrate was smoothly put out. For Line 2, ignition
started in July. The phase-II project was in full construction. The construction of more production lines has been
carried out in succession. As for trusted companies, Line 1 and Line 2 of Zhengzhou Xufei Optoelectronic and
Line 1 of Shijiazhuang Xuxin Optoelectronic were in stable operation and their production capacity has been
steadily enlarged. Line 3 and Line 5 of Xufei entered trial production and operation in succession in the report
period.
In the report period, The Company smoothly completed private issue of 520.00 million A shares. The raised
proceeds will all be invested into the project of panel display glass substrate production line of Wuhu Dongxu
Optoelectronic, a wholly-owned subsidiary.
In the report period, The gross operating income of the Company was RMB 255.0424 million, which
decreased by 29.42% year on year. The net profit for the owners of the parent company was RMB 113.9769
million, which increased by 176.78% year on year.
2.Main business analysis
I. General
The Company is mainly engaged in R&D, production and sales of panel display glass substrate and equipment
and production and sales of electrovacuum glass parts and supporting electronic components. The income from
main operation for the report period was RMB21380.34million, which decreased by 29.34% year on year. In the
report period, Wuhu Equipment Company mainly carried out equipment installation and technical services for the
projects of Wuhu Optoelectronic Technology using raised proceeds. Wuhu Equipment and Wuhu Technology are
both within the scope of statement consolidation. The income of Wuhu Equipment set off the cost of Wuhu
Technology so that income from main operation decreased.
TFT-LCD glass substrate business: In the report period, the Company continued to quick the construction of
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
glass substrate production line according to the strategy of industry transformation to realize the sales of panel
display glass substrate products and complete industry transformation as soon as possible.
Business of panel display glass substrate equipment: In the report period, the panel display glass substrate
production line of Wuhu Dongxu Optoelectronic, a project using raised proceeds, was in full construction. Wuhu
Equipment, a subsidiary of the Company, focused on the construction of the production line of Wuhu Dongxu
Optoelectronic. As a result, the Company's equipment business income decreased over the previous period.
Business of electrovacuum glass parts and supporting electronic components: The existing CRT business
shrunk greatly. In the report period, only small quantity of products in stock were sold.
Year-on-year changes in major financial statistics
Unit：RMB
This report period Same period last year YOY change（%） Cause change
Operating income 255,042,354.08 361,355,746.17 -29.42%
Operating cost 108,592,058.10 193,280,345.36 -43.82%
Sale expenses 3,820,269.81 1,370,322.96 178.79%
Administrative expenses 52,662,936.51 33,495,079.80 57.23%
Financial expenses -2,146,225.05 -507,812.81 -322.64%
Income tax expenses 55,532,146.72 31,597,490.41 75.75%
Net cash flows from
-917,048,985.69 -47,915,720.68 -1,813.88%
operating activities
Net cash flows from
-1,312,507,717.64 -78,714,100.90 -1,567.44%
investing activities
Net cash flows from
6,018,551,169.32 161,531,755.87 3,625.92%
financing activities
Net increase in cash and
3,788,994,465.99 34,901,934.29 10,756.12%
cash equivalents
Major changes in profit composition or cources during the report period
□ Applicable √ Not applicable
The profit composition or sources of the Company have remained largely unchanged during the report period.
Delay of future development and plan disclosed in Company’s IPO prospectus, fund raising prospectus and capital
reorganization report into this report period.\
□ Applicable √ Not applicable
No future development and plan disclosed in Company’s IPO prospectus, fund raising prospectus and capital
reorganization report into this report period.\
Implementation of business plans disclosed in previous periods in this period.
In the report period, the Company smoothly completed private issue of shares. All raised proceeds will be invested into 10 TFT
- LCD glass substrate production lines of the sixth generation (compatible with generation 5.5) to further enlarge the production
scale and product size of glass substrate. Meanwhile, the Company strengthened the R&D of TFT - LCD glass substrate of higher
generation, closely followed market demand, unceasingly extended product structure, improved the industrial concentration of glass
substrate and aimed to become the largest glass substrate supplier in China.
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
In addition, according to its strategic development planning for panel display glass substrate industry, the Company actively
trained excellent management teams, strengthened the operation management of trusted companies including Zhengzhou Xufei
Optoelectronic, Shijiazhuang Xuxin Optoelectronic, Sichuan Xuhong Optoelectronic and Dongxu (Yingkou) Optoelectronic 'and
enhanced the level of their overall operation so as to create conditions for injecting their assets into the Company.
3. Business composition
Unit：RMB
Increase/decrease
Increase/decrease Increase/decrease
of principal
of revenue in the of gross profit
Gross profit business cost over
Turnover Operation cost same period of rate over the same
rate(%) the same period
the previous period of the
of previous year
year(%) previous year (%)
(%)
Industry
Product
Glass substrate
Equipment and
203,822,376.95 70,050,360.75 65.63% -26.39% -44.39% 11.13%
Technology
Serves
Glass tube sales
Part sales 7,556,862.49 4,939,034.39 34.64% -56.54% -45.41% -13.32%
Construction
2,424,120.04 2,215,330.75 8.61% -14.22% 16.92% -24.34%
Installation
Area
Domestic 212,979,027.38 76,600,102.07 64.03% -29.61% -45.72% 10.68%
Overseas 824,332.10 604,623.82 26.65%
4. Analysis On core Competitiveness
The core competitive-ness of the Company had no changes, The said information can be found in the 2012 Annual
Report.
5. Analysis on investment Status
1. External Equity investment
（1）External investment
External investment
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Investment amount (January-June Investment Amount (January-June
Change rate（%）
2013)(RMB) 2012)(RMB)
4,016,064,000.00 3,125,000.00 128,414.05%
Particulars of investees
Name Principal business Proportion in the investees’ equity（%）
Investment, construction and operation
Wuhu Dongxu Optoelectronic Technology related to the industry of glass substrate for
100%
Co., Ltd optoelectronic display and relevant
technological development.
2.Use of raised capital
（1）Overview
Unit：RMB’0000
Total amount of the raised capital 496,106.4
Total raised capital invested in the report period 193,883
Total accumulative raised capital invested 401,625
Amount of raised capital of which the purpose was
0
changed in the report period
Accumulative amount of raised capital of which the
0
purpose has been changed
Proportion of raised capital of which the purpose has
0%
been changed (%)
Explanation of the Application of Raised Capital
（2）Promised raised-capital –based projects
Unit：RMB’0000
If Investme
Date
investme Promised Accumul nt
Project promised to be when the Whether Any
nt project total Adjusted Investme ative progress Profit
invested with the raised project the major
is investme total nt in the investme by the realized
capital and investment become estimate change in
changed nt of the investme report nt by the end of the in the
of the excessive raised useable profit is the
(includin raised nt (1) period end of the period(% period
capital as realized feasibility
g partial capital period(2) )(3)＝
proposed
change) (2)/(1)
Promised investment projects
Panel display glass No 496,106.4 496,106.4 193,883 401,625 80.96% 0 No No
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
substrate Project of
Wuhu Dongxu
Optoelectronic
Technology Co., Ltd.
Subtotal of promised
-- 496,106.4 496,106.4 193,883 401,625 -- -- 0 -- --
investment projects
Investment of excessive raised capita
Subtotal of Investment
of excessive raised -- 0 -- -- 0 -- --
capital
Total -- 496,106.4 496,106.4 193,883 401,625 -- -- 0 -- --
Reason or situation that
not on schedule (on The project construction period is about 15 months.
specific project)
Notes to major changes
None
in project feasibility
Amount, purpose and Not applicable
Changes in Not applicable
Adjustment of the Not applicable
Applicable
Initial use of raised On April 17, 2013, the Company held the 36th meeting of the sixth board of directors. The meeting
fund in projects and examined and adopted the Proposal for Replacing the Self-raised Funds Invested in Promised Investment
replacement Projects In Advance with Raised Proceeds. The Company replaced self-raised funds of RMB
2,077,426,324.50 invested in promised investment projects in advance with raised proceeds.
Applicable
On April 17, 2013, the Company held the 36th meeting of the sixth board of directors. The meeting
examined and adopted the Proposal for Supplementing Working Capital with Part of Idle Raised Proceeds.
Idle raised capital used To enhance the efficiency of use of raised proceeds, the Company used idle raised proceeds of RMB 490
as working capital million (accounting for 9.88% of actual net amount of raised proceeds) to temporarily supplement its
working capital under the premise of meeting the fund demand of promised investment projects and
ensuring their normal operation. The term of use is not more than 12 months from the day of adoption by
the board of directors.
Surplus of investment Not applicable
Use plan of retained
Use as planned
fund from financial
Problem or situation in
None
using of raised capital
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
（3）Altering of projects financed by raised capital
Unit：RMB’0000
Total Accumulati Investment Any major
Date when
investment Actual ve actual progress by Whether the change in
Correspondi the project Profit
Altered of raised investment investment the end of estimate the
ng promised become realized in
project capital in in the report by the end the profit is feasibility
project useable as the period
the altered period of the period(%)(3 realized after the
proposed
Project(1) period(2) )=(2)/(1) alteration
Total -- 0 0 0 -- -- 0 -- --
Reason or situation that not on
None
schedule (on specific project)
（4）Information about projects using raised proceeds
Summary of projects using raised proceeds Disclosure date Disclosure index
3.Analysis on principal subsidiaries and Mutual Shareholding Companies
Particulars about the principal subsidiaries and Mutual shareholding companies
Unit：RMB
Leading Total Operating
Company Company Sectors Registered Net assets Tumover Net Profit
products assets(RMB profit
Name type engaged in capital (RMB) (RMB) (RMB)
and services ) (RMB)
Engineering
design and
Hebei
constructio
Xubao
n of
Constructio
houses and 49,376,023. 12,115,075. 11,991,786.
n Subsidiaries 8,000,000 837,803.77 250,167.02
buildings, 40 33 52
Installation
Engineerin
Engineering
g
Co., Ltd.
consultatio
n, etc.
Production
and sales
Shijiazhuan of glass
g Baoshi bulbs for 177,908,463 95,050,766. 1,340,736.2
Subsidiaries 540,680,000 482,163.00 482,163.00
Color Bulb color .28 11 5
Co., Ltd. kinescope
and
electronic
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
glass
products
.Investment,
construction
and
operation
related to
Wuhu
the industry
Dongxu
of glass
Optoelectro 2,000,000,0 6,692,977,9 4,515,340,6 47,293,262.
Subsidiaries substrate for 245,980.00 309,960.09
nic 00 65.41 11.01 35
optoelectron
Technology
ic display
Co., Ltd
and relevant
technologic
al
developmen
t.
R& D of
optoelectron
ic
mechanical
equipment
Wuhu and
Dongxu electronic
Optoelectro products,
2,709,704,9 383,531,818 303,340,394 99,925,380. 102,085,849
nic Subsidiaries production 16,400,000
90.00 .86 .45 38 .54
Equipment of all kinds
Technology of
Co., Ltd. non-standar
d equipment
and parts
and relevant
process
formulation
Investment,
constructi
Wuhan
on and
Dongxu
operation
Optoelectro 10,779,383. 3,631,515.6
Subsidiaries related to 5,000,000 -4,812.09 -7,913.81
nic 89 7
the
Technology
industry
Co., Ltd.
of glass
substrate
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
for
optoelectr
onic
display
(TFE-LC
D LED
Glass)
6. Performance Forecast for January to September 2013
Alert of loss or significant change in net profit from the beginning of year to the end of next report period or
comparing with the same period of last year, and statement of causations.
□ Applicable √ Not applicable
7.Statement of such activities as reception, research, communication, interview in the
reporting period
Discussion topics and
Reception time Reception place Way of reception Types of visitors Visitors rece3ived
provision of materials
The progress of non-public
issuance, project raised,
Jan.-June, 2013 By phone Individual business and development
of the custody company,
etc.
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
V. Important Events
1.Governance of the Company
In the report period, Strictly according to 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 Norms of Internal Control of Enterprises and relevant requirements of regulatory
authorities including CSRC and Shenzhen Stock Exchange on the internal control of listed companies, the
Company unceasingly improved its corporate governance structure, established and perfected all internal control
systems and timely inspected and supervised the implementation status of its internal control in the report period.
The responsibilities of the shareholders' general meeting, the board of directors, the supervisory committee,
independent directors and the special committees of the board of directors were definite and their agenda were
standardized. Powers were normally exercised. The Company's management level and risk prevention ability were
improved and its standardized operation and healthy sustainable development were effectively guaranteed. There
was no difference between the actual conditions of corporate governance and the requirements of the Company
Law and relevant regulations of CSRC.
2. Major lawsuits and Arbitration affairs
□ Applicable √ not applicable
The Company has no major lawsuit or arbitration in the report period.
3. Query form media
□ Applicable √ not applicable
In the reporting year, the Company had no query from media
4. Material related transactions
1、Related transactions in connection with daily operation
Amount Proportio
Principle
Descripti of the n in the
of picing Price of
Type of on of related amount of
Related Relations of the related Mode of Market Disclosur Disclosur
related related transactio the
parties hip related transactio settlement price e date e index
parties transactio n similar
transactio ns
ns （RMB’0 transactio
n
000） n(%)
Shijiazhu Related Commodi Carat Reference
178.18 100% Currency
ang party ty tube price
17
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Baoshi purchased setting
Large-dia /labor
meter service
plastic received
tube Co.,
Ltd
Chengdu
Commodi
Dongxu
ty Electrodel
Energy Reference
Related purchased ess
Saving price 248.02 100% Currency
party /labor lamp ,LE
Technol setting
service D lamp
ogy Co.,
received
Ltd.
R&D
Costs+Pr
oduction
line
material
cost+Prod
uction
line
integratio
n
Dongxu( Commodi
Equipmen cost+Man
Yingkou) ty
t for High agement
Optoelect Related purchased
-end displ Cost and 9,531.49 46.76% Currency
ronic party /labor
ay produc sales
Display service
tion line costs+
Co., Ltd. received
commissi
oning of
productio
n
line+after
sale
service
cost+
Reasonab
le profit
Zhengzho Sales Equipmen R & D
u Xufei Goods/La t for High Costs+Pr
Related
Optoelect bor -end displ oduction 2,010.91 9.87% Currency
party
ronic service ay produc line
Technolo received tion line material
18
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
gy Co., cost+Prod
Ltd. uction
line
integratio
n
cost+Man
agement
Cost and
sales
costs+
commissi
oning of
productio
n
line+after
sale
service
cost+
Reasonab
le profit
R&D
Costs+Pr
oduction
line
material
cost+Prod
uction
line
Shijiazhu integratio
ang n
Sales Equipmen
Xuxin cost+Man
Goods/La t for High
Optoelect Related agement
bor -end displ 8,815.24 43.25% Currency
ronic party Cost and
service ay produc
Technolo sales
received tion line
gy Co., costs+
Ltd. commissi
oning of
productio
n
line+after
sale
service
cost+
Reasonab
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
le profit
Zhengzho
u Xufei Sales
Optoelect Goods/La Reference
Related
ronic bor A-frame price 329.06 51.48% Currency
party
Technolo service setting
gy Co., received
Ltd.
Shijiazhu
Controlle Sales
ang
d by the Goods/La Reference
Baoshi Productio
same bor price 2.35 0.37% Currency
Electronic n costs
parent service setting
s Group
company received
Co., Ltd
Sichuan
Xuhong Sales
Optoelect Goods/La Reference
Related
ronic bor A-frame price 63.16 9.88% Currency
party
Technolo service setting
gy Co., received
Ltd.
Sichuan
Xuhong Sales
Construct
Optoelect Goods/La Reference
Related ion
ronic bor price 188.41 77.72% Currency
party Installatio
Technolo service setting
n
gy Co., received
Ltd.
Shijiazhu
ang
Sales
Xuxin Construct
Goods/La Reference
Optoelect Related ion
bor price 54 22.28% Currency
ronic party Installatio
service setting
Technolo n
received
gy Co.,
Ltd.
Equity
Dongxu Parent managem Agreeme
Trust 50 50% Currency
Group Company ent right nt price
Managed
Dongxu Related Equity Agreeme
Trust 25 25% Currency
Optoelect party managem nt price
20
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
ronic ent right
investmen Managed
t Co., Ltd.
Shijiazhu
Controlle
ang Equity
d by the
Baoshi managem Agreeme
same Trust 25 25% Currency
Electronic ent right nt price
parent
s Group Managed
company
Co., Ltd.
Shijiazhu
ang
Xuxin
Managem
Optoelect Related Agreeme
Trust ent right 50 25% Currency
ronic party nt price
Managed
Technolo
gy Co.,
Ltd.
Dongxu(
Yingkou)
Managem
Optoelect Related Agreeme
Trust ent right 50 25% Currency
ronic party nt price
Managed
Display
Co., Ltd.
Zhengzho
u Xufei
Optoelect Managem
Related Agreeme
ronic Trust ent right 50 25% Currency
party nt price
Technolo Managed
gy Co.,
Ltd.
SichuanX
uhong
Optoelec Managem
Related Agreeme
tronic Trust ent right 50 25% Currency
party nt price
Technol Managed
ogy Co.,
Ltd.
Shijiazhu
ang Rental Reference
Related
Baoshi company House price 112.23 20.63% Currency
party
Electronic setting
vacuum
21
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Glass
Co., Ltd.
Shijiazhu
ang Rental Reference
Related
Baodong company House price 21.85 4.02% Currency
party
Electronic setting
Co., Ltd.
Shijiazhu
ang
Baoshi Rental Reference
Related
Electronic company House price 15.36 2.82% Currency
party
vacuum setting
Glass
Co., Ltd.
Shijiazhu
Controlle
ang
d by the Rental Reference
Baoshi
same company House price 90.36 16.61% Currency
Electronic
parent setting
s Group
company
Co., Ltd.
Shijiazhu
ang
Baoshi
Rental Reference
Large-dia Related
company Land price 30.39 5.59% Currency
meter party
setting
plastic
tube Co.,
Ltd
Shijiazhu
ang
Baoshi
Rental Reference
Large-dia Related
company House price 6.71 1.23% Currency
meter party
setting
plastic
tube Co.,
Ltd
Shijiazhu
ang
Rental Reference
Baoshi Related
company House price 86.38 15.88% Currency
Zhonghe party
setting
Steel
Plastic
22
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Shape
Co., Ltd.
Shijiazhu
ang
Rental Reference
Baoshi Related
company House price 60.39 11.1% Currency
Xuming party
setting
Tube Co.,
Ltd.
Hebei
Baoshi
Energy
Rental Reference
saving Related
company House price 41.51 7.63% Currency
lighting party
setting
technolog
y Co.,
Ltd.
Shijiazhu
Controlle
ang
d by the Rental
Baoshi Agreeme
same company House 66.34 12.2% Currency
Electronic nt price
parent
s Group
company
Co., Ltd.
Shijiazhu
Controlle
ang
d by the Rental
Baoshi Agreeme
same company House 12.42 2.28% Currency
Electronic nt price
parent
s Group
company
Co., Ltd.
Shijiazhu
ang
Baoshi Rental Reference
Related
Electronic company House price 13.2 12.79% Currency
party
vacuum setting
Glass
Co., Ltd.
Shijiazhu
Controlle
ang
d by the Rental Reference
Baoshi
same company House price 90 87.21% Currency
Electronic
parent setting
s Group
company
Co., Ltd.
Total -- -- 22,367.96 -- -- -- -- --
23
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Actual implementation of those amount These related party transactions in the company's 2013 daily related transaction were e
that predicted in this period by category for xpected.
daily related transaction.（If any）
2.Current Associated rights of credit and liabilities
Did there exist any non-operational related rights of credit and liabilities
□ Yes √ No
Balance at the
Whether there Amount in Balance at the
Type of beginning of
Association Reason for is the use of this period end of period
Associated party claims and period
relationship formation non-operating （RMB’0000 （RMB’0000
debts （RMB’0000
capital ） ）
）
Dongxu (Yingkou) Related party
Daily
Optoelectronic Display Related party debt No 7,632 11,101.84 18,733.85
operative
Co., Ltd. receivable
Zhengzhou Xufei Related party
Daily
Optoelectronic Related party debt No 26,886.05 -20,245.72 6,640.32
operative
Technology Co., Ltd. receivable
Related party
Shijiazhuang Dongxu Daily
Related party debt No 150 -150 0
Machine Co., Ltd. operative
receivable
Sichuan Xuhong Related party
Daily
Optoelectronic Related party debt No 8,436.73 34.71 8,471.44
operative
Technology Co., Ltd. receivable
Related party
Parent Daily
Dongxu Group debt No 579.69 -529.69 50
Company operative
receivable
Shijiazhuang Xuxin Related party
Daily
Optoelectronic Related party debt No 12,881.47 9,310.82 22,192.29
operative
Technology Co., Ltd. receivable
Dongxu Related party
Daily
Optoelectronic Related party debt No 41.67 -16.67 25
operative
Investment Co., Ltd. receivable
Controlled by
Shijiazhuang Baoshi Related party
the same Daily
Electronics Group Co., debt No 58.56 -58.56 0
parent operative
Ltd. receivable
company
Shijiazhuang Baoshi Related party
Daily
Large-diameter plastic Related party debt No 5.9 124.4 130.3
operative
tube Co., Ltd. receivable
24
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Hebei Baoshi Energy Related party
Daily
saving lighting Related party debt No 230.12 -206.27 23.85
operative
technology Co., Ltd. receivable
Shijiazhuang Baoshi Related party
Daily
Electrinic vacuum Related party debt No 175.54 -63.31 112.23
operative
Glass Co., Ltd. receivable
Shijiazhuang Baoshi Related party
Daily
Xuming Tube Co., Related party debt No 57.36 -40.4 16.96
operative
Ltd. receivable
Related party
Shijiazhuang Baoshi Daily
Related party debt No 50.47 -50.47 0
zhonghe Co., Ltd. operative
receivable
Shijiazhuang Baoshi Related party
Daily
Xuming Tube Co., Related party debt No 17 98.51 115.51
operative
Ltd. receivable
Related party
Parent Daily
Dongxu Group debt No 1,089.67 -1,089.67 0
Company operative
receivable
Hebei Baoshi Energy Related party
Daily
saving lighting Related party debt No 1.8 544.27 546.07
operative
technology Co., Ltd. receivable
Shijiazhuang Baoshi Related party
Daily
Large-diameter plastic Related party debt No 80.87 -80.87 0
operative
tube Co., Ltd receivable
Controlled by
Shijiazhuang Baoshi Related party
the same Daily
Electronics Group Co., debt No 1,648.56 -194.96 1,453.6
parent operative
Ltd. receivable
company
Chengdu Taiyisi Solar Related party
Daily
energy Technology Related party debt No 700 -700 0
operative
Co., Ltd. receivable
Chengdu Dongxu
Related party Daily
Energy saving Related party No 0 203.27 203.27
debt payable operative
Technology Co., Ltd.
Shijiazhuang Baoshi
Related party Daily
Electrinic vacuum Related party No 582.78 -26.21 556.57
debt payable operative
Glass Co., Ltd.
Hebei Baoshi Energy
Related party Daily
saving lighting Related party No 0 15 15
debt payable operative
technology Co., Ltd.
25
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Controlled by
Shijiazhuang Baoshi
the same Related party Daily
Electronics Group Co., No 1,455.95 -1,455.95 0
parent debt payable operative
Ltd.
company
Jinzhou Xulong Solar
Related party Daily
energy Technology Related party No 150 0 150
debt payable operative
Co., Ltd.
5. Important contracts and implementation
1. Custody, contacting and leases
（1）Custody
Description of custodies
Wuhu Dongxu Optoelectronic Company,a wholly-owned subsidiary of the Company is mainly engaged in the
production and sales of panel display glass substrate. It have intra-industry competition with Dongxu Group, the
controlling shareholder and its related parties.. To effectively solve the problem of horizontal competition between
the Company and related parties, Dongxu Group, Dongxu Optoelectronic and Baoshi Group respectively
entrusted 60% equity of Dongxu (Yingkou) Optoelectronic Display Co., Ltd., 51% equity of Sichuan Xuhong
Optoelectronic Technology Co., Ltd., 40% equity of Zhengzhou Xufei Optoelectronic Technology Co., Ltd. and
50% of Shijiazhuang Xuxin Optoelectronic Technology Co., Ltd. held by them to the Company for management.
the Company was entrusted to manage the operation right of Dongxu and Shijiazhuang Xuxin Company. the
company shall exclusively conduct the operation, management, supervision and direction to above four companies,
and shall have full discretion and control of all matters of the operation and management for above four
companies.
Projects that have brought about gains/losses to the company taking over 10% of the Company’s total profit in the
reporting period.
□ Applicable√ Not applicable
（2）Leases
Description of leases
As the Company and its related parties including Baoshi Group, controlled subsidiaries of Baoshi Group
including Baoshi Lighting, Baoshi Xuming, Baoshi Zhonghe, Baoshi Kela and Baodong Company, and Baoshi
Electrovacuum, a sub-subsidiary of Baoshi Group, use the same production site in daily production and operation,
the Company leased part of idle houses, land and equipment to Baoshi Group and its subsidiaries or
sub-subsidiaries with compensation.
Projects that have brought about gains/losses to the company taking over 10% of the Company’s total profit in
the reporting period
□ Applicable√ Not applicable
26
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
2.Guarantees
Unit:RMB’0000
External Guarantee (Exclude controlled subsidiaries)
Guarante
Relevant e
Date of
disclosure Complete for
happening Actual
Name of the date/No. of Amount of Guarantee Guarantee implemen associate
(Date of mount of
Company the Guarantee type term tation d
signing guarantee
guaranteed or not parties
agreement)
amount (Yes or
no)
Guarantee of the Company for the controlling subsidiaries
Guarante
Relevant e
Date of Complete
disclosure for
Name of the Amount happening Actual implemen
date/No. of Guarantee Guarantee associate
Company of (Date o mount of tation
the type term d
guaranteed guarantee signing guarantee or
guaranteed parties
agreement) not
amount (Yes or
no)
Wuhu Dongxu
July 24, Joint liability
Optoelectronic 80,000 80,000 No No
2012 guarantee
Technology Co., Ltd.
Wuhu Dongxu
June 18, Joint liability
Optoelectronic 132,000 132,000 No No
2013 guarantee
Technology Co., Ltd.
Total of actual guarantee
Total of guarantee for subsidiaries
132,000 for subsidiaries in the 84,000
approved in the Period (B1)
Period (B2)
Total of actual guarantee
Total of guarantee for subsidiaries
212,000 for subsidiaries at 84,000
approved at Period-end (B3)
Period-end (B4)
Total of Company’s guarantee（namely total of the large two aforementioned）
Total of actual guarantee in
Total of guarantee in the Period
132,000 the Period 84,000
(A1+B1)
(A2+B2)
Total of guarantee at Period-end 212,000 Total of actual guarantee at 84,000
27
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
(A3+B3) Period-end
(A4+B4)
The proportion of the total amount of actually
guarantee in the net assets of the Company(that is A4+ 15.36%
B4)（%）
Including：
Amount of guarantee for shareholders, actual controller and its
0
associated parties(C)
The debts guarantee amount provided for the
Guaranteed parties whose assets-liability ratio exceed 84,000
70% directly or indirectly(D)
Amount with the total guarantee exceeding 50% of the net
84,000
assets （E）
Total of the aforesaid three guarantees（C+D+E） 84,000
Description of the guarantee with complex method
6. The commitments of the Company and its shareholders holding over 5% of the Company’s
total shares in the report year of extending to the report year from previous year.
Time of Peiod of
Commitment Fulfill
Commitment Contents making commitme
maker ment
commitment nt
Commitment on
share reform
Commitment in
the acquisition
report or the
report on equity
changes
Commitment
made upon the
assets replacement
1.From the date of commitment letter issued, except
Shijiazhuang Xuxin Optoelectronic technology co., Ltd.,
this company and majority-owned subsidiaries do not in any
Commitments Dongxu Perfor
way, directly or indirectly, engaged in business and gem August 17, Long-term
made upon Group Co., m
shares and its subsidiaries are the same, or similar, future gem 2012 effective
issuance Ltd. strictly
shares and its subsidiaries are not engaged in the same or
similar businesses.
2.The company assurances against the use of precious
28
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
stones share any act prejudicial to the control relationship of
stones share interests and its wholly-owned subsidiaries,
holding, or causing Baoshi shares and its wholly-owned
subsidiaries, holding form business competition decisions.
3. The company will not directly invest, purchase and
Baoshi shares identical or similar business enterprises and
projects.
4.If the assets owned by the company due to any reason in
the future competition with Baoshi shares, the company
(person) will take positive and effective measures to give up
such a competitive business.
5. If the company cause competition with Baoshi shares and
caused loss of gem shares, the company will assume
responsibility for all related.
6. Subject to securities regulation under the relevant
conditions, the company makes a commitment to inject full
ownership of The Company shares in Baoshi Shares.
1.From the date of commitment letter issued, except
Shijiazhuang Xuxin Optoelectronic technology co., Ltd.,
this company and majority-owned subsidiaries do not in any
way, directly or indirectly, engaged in business and gem
shares and its subsidiaries are the same, or similar, future gem
shares and its subsidiaries are not engaged in the same or
similar businesses.
2.The company assurances against the use of precious
stones share any act prejudicial to the control relationship of
stones share interests and its wholly-owned subsidiaries,
holding, or causing Baoshi shares and its wholly-owned
subsidiaries, holding form business competition decisions.
Perfor
3. The company will not directly invest, purchase and August 17, Long-term
Baoshi Group m
Baoshi shares identical or similar business enterprises and 2012 effective
strictly
projects.
4.If the assets owned by the company due to any reason in
the future competition with Baoshi shares, the company
(person) will take positive and effective measures to give up
such a competitive business.
5. If the company cause competition with Baoshi shares and
caused loss of gem shares, the company will assume
responsibility for all related.
6. Subject to securities regulation under the relevant
conditions, the company makes a commitment to inject full
ownership of the Company shares in Baoshi Shares.
The Commitments will be effective during the company is
29
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
still the controlling shareholders of Baoshi Shares
Dongxu Group Co., Ltd. subscribed for 25.01% of the shares Effective
Perfor
Dongxu privately issued by the Company and promised that the period April 3, in
m
Group of sale restriction of such shares was 36 months from the first 2013 commitme
strictly
day of listing. nt period
Huarong
Secruities Co.,
Ltd., Yimin
Effective
Fund
Promised that the period of sale restriction of such shares was in Perfor
Management April 3,
12 months from the first day of listing. commitme m
Co., Ltd., 2013
nt period strictly
Minsheng
Jiayin Fund
Management ,
Co., Ltd.
If Dongxu Group loses the case in which U.S. Conning sued
Dongxu Group in respect of infringement upon business
Other secrets according to the final judgment of China's court and
Baoshi Group Perfor
commitments economic losses are thus incurred to the production and October 20, Long-term
Dongxu m
made to minority operation of panel display glass substrate by the Company 2012 effective
Group strictly
shareholders and its subsidiaries, our company will compensate the
Company and its subsidiaries for the economic losses thus
incurred.
On September 18, 2006, the Company provided guarantee,
together with Shijiazhuang Baoshi Electronics 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. At present, the valid term of Perfor
March 28, Long-term
Baoshi Group this guarantee has expired. The controlling shareholder has m
2009 effective
made corresponding commitment in respect of the loss that strictly
may be incurred by this guarantee. On October 15, 2012,
Shijiazhuang Baoshi Electronics Group Co., Ltd. made the
following notes to this commitment: "The mode of
commitment fulfillment by Baoshi Group: Where the
Company is liable to make compensation for this guarantee,
Baoshi Group shall be liable for direct compensation in full
amount."
If Shijiazhuang Baoshi Electronics Group Co., Ltd.plans to Perfor
July 23, Long-term
Baoshi Group sell tradable stocks of Shijiazhuang Baoshi Electronic Glass m
2009 effective
Company Limited through the bid trading system of strictly
30
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Shenzhen Stock Exchange and sell greater than 5% of shares
within six months after the first sales, Shijiazhuang Baoshi
Electronics Group Co., Ltd.will disclose the contents
specified by the Form Guide to Prompt Announcement of
Removing Restriction on Sales of Non-tradable Stocks of
Listed Companies through the prompt announcement of
disclosing sales of listed companies.
Executed timely
Yes
or not?
7. Engagement/Disengagement of CPAs
Whether the semi-annual Report was audited or not
√ Yes □ No
Name of audit firm Zhongxingcaiguanghua CPA office Co., Ltd.
The domestic Accounting Firms reward to audit the
30
Semi-annual financial report（RMB'0000）
31
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
VI. Change of share capital and shareholding of Principal
Shareholders
1.Changes in share capital
Before the change Increase/decrease（+，-） After the Change
Amount Proportion Capitalizat
ion of
Share Bonus Proportio
common Other Subtotal Quantity
allotment shares n
reserve
fund
1.Shares with conditional 520,000,0 520,000,0 520,181,1
181,115 0.05% 57.61%
subscription 00 00 15
520,000,0 520,000,0 520,172,0
3.Other domestic shares 172,000 0.04% 57.6%
00 00 00
Incl：Domestic legal 520,000,0 520,000,0 520,172,0
172,000 0.04% 57.6%
person shares 00 00 00
5 .Executive shares 9,115 0% 9,115 0%
II.Shares with 382,818,8 382,818,8
99.95% 42.39%
unconditional subscription 85 85
282,818,8 282,818,8
1.Common shares in RMB 73.84% 31.32%
85 85
2.Foreign shares in 100,000,0 100,000,0
26.11% 11.07%
domestic market 00 00
383,000,0 520,000,0 520,000,0 903,000,0
III. Total of capital shares 100% 100%
00 00 00 00
Reasons for share changed
√Applicable□Not applicable
Approved by CSRC with the Approval of Private Issue of Shares by Shijiazhuang Baoshi Electronic Glass Co., Ltd. (Zheng
Jian Xu Ke (2012) No. 1661 Document), the Company privately issued 520 million shares at the price of RMB 9.69 per share and
raised proceeds of RMB 5038.80 million in total. After deduction of issuance cost of RMB 77.736 million, the net amount of raised
proceeds was RMB 4961.064 million. RMB 520.00 million was accounted for as share capital and the balance was accounted for as
capital surplus. The Company completed the issue of shares on April 3, 2013. 520 million new shares were listed at Shenzhen Stock
Exchange on April 18, 2013.
Approval of Change of Shares
32
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
√Applicable □Not applicable
Approved by CSRC with the Approval of Private Issue of Shares by Shijiazhuang Baoshi Electronic Glass Co., Ltd. (Zheng
Jian Xu Ke (2012) No. 1661 Document), the Company privately issued 520 million shares, Shenzhen Branch of China Registration
& Settlement Company completed the pre-registration of the shares additionally issued by the Company on April 8, 2013. On the
trading day before the official listing day of such shares, i.e., April 18, 2013, final registration was completed, when the shareholders
were officially listed in the shareholder register of the Company.
Ownership transfer of share changes
□Applicable√Not applicable
Influence on the basic EPS and diluted EPS as well as other financial indexes of net assets per share attributable to
common shareholders of Company in latest year and period
□Applicable√Not applicable
Other information necessary to disclose for the company or need to disclosed under requirement from security
regulators
□Applicable√Not applicable
Explanation on changes in aspect of total shares, shareholders structures as well as structure of assets and liability
of the Company
□Applicable√Not applicable
2. Number of shares and shares held
Unit：Shares
Total shareholder at period-end 18,296
Shareholders with over 5% shares held
Number Number of share
Amount
of Changes pledged/frozen
Proportion of Amount of
Nature of shares in
Shareholders of shares restricte un-restricted
shareholder held at reportin State of
held（%） d shares shares held Amount
period g period share
held
-end
Domestic
Non- 130,031 130,031 130,031
Dongxu Group Co., Ltd. 14.4%
State-owned ,000 ,000 ,000
legal person
Huarong Securities -ICBC
－Huarong Growh No.1 123,839 123,839 123,839
Other 13.71%
Limited –amount Specific ,000 ,000 ,000
Asset Management Program
Domestic
Shijiazhuang Baoshi Non- 110,785,
12.27% 110,785,500 Pledge 40,000,000
Electronics Group Co., Ltd. State-owned 500
legal person
33
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Yimin Fund Company－
Minsheng－Yimin Fund
Multi-level Asset 58,700, 58,700, 58,700,
Other 6.5%
Management Program 000 000 000
Based on Private Issue of
Shares
Minsheng Royal Fund
Management Co., Ltd－
Minsheng－Pinan Trust－ 52,634, 52,634, 52,634,
Other 5.83%
Ping An Wealth Huitai No. 000 000 000
11 Collected Fund Trust
Program
Guangfa Fund Company－
ABC－Guotou Trust Gold 41,279, 41,279, 41,279,
Other 4.57%
Eagle No. 109 Collected 000 000 000
Fund Trust Program
Huitianfu Fund Company－
ABC－Guotou Trust Gold 41,279, 41,279, 41,279,
Other 4.57%
Eagle No. 108 Collected 000 000 000
Fund Trust Program
Dacheng Fund Company
－ABC－Guotou Trust
41,279, 41,279, 41,279,
Gold Eagle No. 109 Other 4.57%
000 000 000
Collected Fund Trust
Program
International Finance－
ICBC－Zhongjin Fixed 30,959, 30,959, 30,959,
Other 3.43%
Growth No. 1 Collected 000 000 000
Asset Management Program
Domestic
China Great Wall Asset Non- 17,614,
1.95% 17,614,880
Management Corporation State-owned 880
legal person
Among the top ten shareholders, Dongxu Group and Baoshi Group have relationship
and constitute persons taking concerted action. The Company does not know whether
Explanation on associated relationship
there is relationship between other 8 shareholders or whether they are persons taking
among the aforesaid shareholders
concerted action defined in Administrative Measures Relating to Acquisitions of
Listed Companies.
Shareholding of top 10 shareholders of unrestricted shares
Quantity of Share type
Name of the shareholder unrestricted shares
Share type Quantity
held at the end of the
34
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
reporting period
Shijiazhuang Baoshi Electronics Group Co., Ltd. 110,785,500 RMB Common shares 110,785,500
China Great Wall Asset Management Corporation 17,614,880 RMB Common shares 17,614,880
China Minsheng Bank－Huashang lead Enterprise Mixed
13,000,000 RMB Common shares 13,000,000
Securities Investment Fund
China East Asset Management Corporation 10,010,941 RMB Common shares 10,010,941
Foreign shares placed in
Taifook Securities Company Limited-Account Client 6,620,310 6,620,310
domestic exchange
Yao Yanbin 5,783,569 RMB Common shares 5,783,569
The special repurchase account opened at Hua'an Foreign shares placed in
5,400,000 5,400,000
Securities Co., Ltd. domestic exchange
Foreign shares placed in
KGI ASIA LIMITED 4,850,154 4,850,154
domestic exchange
Foreign shares placed in
China Merchants Securities (HK) Co., Ltd. 4,516,090 4,516,090
domestic exchange
GUOTAI JUNAN SECURITIES(HONGKONG) Foreign shares placed in
3,932,713 3,932,713
LIMITED domestic exchange
Among the top ten shareholders holding non-restricted negotiable
Explanation on associated relationship or consistent shares, Dongxu Group and Baoshi Group have relationship and
action among the top 10 shareholders of non-restricted constitute persons taking concerted action. The Company does not know
negotiable shares and that between the top 10 whether there is relationship between the other top 10 shareholders
shareholders of non-restricted negotiable shares and top holding non-restricted negotiable shares and between such shareholders
10 shareholders and the other top 10 shareholders.
Did any shareholder of the Company carry out an agreed buy-back in the reporting period?
√ Yes □ No
In the report period, Yao Yanbin, one of the top 10 shareholders holding unrestricted shares, carried out agreed repurchase
transaction through the special repurchase account opened at Hua'an Securities Co., Ltd. The agreed repurchase transaction involved
5,400,000 shares, which account for 0.6% of the total shares of the Company. As of the end of the report period, Yao Yanbin held
5,783,569 shares, which account for 0.64% of total shares of the Company.
3. Change of the controlling shareholder or the actual controller
Change of the controlling shareholder in the reporting period
√ applicable □ Not applicable
Name of the new controlling shareholders Dongxu Group Co., Ltd.
Date of Modification April 17, 2013
Date of modification designated website index http://www.cninfo.com.cn
Disclosure date of the designated website April 17, 2013
35
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Change of the actual controller in the reporting period
□ Applicable √ Not Applicable
36
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
VII. Information about Directors, Supervisors and Senior Executives
1. Change in shares held by directors, supervisors and senior executives
□ Applicable √ Not Applicable
Shareholdings of directors, supervisors and senior management staff did not change in the reporting period. For details, see the 2012
annual report.
2. Retirement and dismissal of Directors, Supervisors and senior Executives
Name Tiles Type Date Causes
Li Quannian Chief financial officer Appoint February 22, 2013 Former chief financial officer retired
37
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
VIII. Financial Report
1. Audit report
Has this semi-annual report been audited?
√Yes □No
Issued unqualified auditor's report with paragraph of emphasized
Type of audit opinion
matters
Date for signing the auditor’s report August 26, 2013
Name of audit firm Zhongxingcaiguanghua CPA office Co., Ltd.
Document No of the auditor’s report ZXCGHSKZ（2013）No.:5026.
Names of the Certified Public Accountants Wang Fengqi, Qi Zhenghua
2. Financial statements
Currency unit for the statements in the notes to these financial statements: RMB
1.Consolidated Balance sheet
Prepared by: Shijiazhuang Baoshi Electronic Glass Co., Ltd.
Unit：RMB
Items Year-end balance Year-beginning balance
Current asset：
Monetary fund 3,902,848,536.83 110,770,070.84
Settlement provision
Outgoing call loan
Trading financial assets
Bill receivable 1,777,000.00 800,000.00
Account receivable 600,885,484.04 573,874,457.07
Prepayments 2,723,178,408.34 755,954,517.33
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Interest receivable
38
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Dividend receivable
Other account receivable 48,175,657.97 18,664,010.12
Repurchasing of financial assets
Inventories 229,961,863.69 168,716,962.68
Non-current asset due in 1 year
Other account receivable 58,109,748.06 59,507,036.63
Total of current assets 7,564,936,698.93 1,688,287,054.67
Non-current assets：
Loans and payment on other’s behalf
disbursed
Disposable financial asset
Expired investment in possess
Long-term receivable
Long term share equity investment 150,000.00
Property investment 12,078,557.35 14,230,280.23
Fixed assets 54,390,824.51 50,377,603.66
Construction in progress 470,902,914.14 196,954,480.35
Engineering material 207,805,075.50 39,963,178.76
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 57,670,396.94 58,245,678.58
R & D petrol
Goodwill
Long-germ expenses to be amortized
Differed income tax asset 13,984,082.87 13,499,461.84
Other non-current asset
Total of non-current assets 816,831,851.31 373,420,683.42
Total of assets 8,381,768,550.24 2,061,707,738.09
Current liabilities
Short-term loans 1,590,000,000.00 485,000,000.00
Loan from Central Bank
Deposit received and hold for
others
Call loan received
39
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Trade off financial liabilities
Bill payable 150,000,000.00
Account payable 86,338,023.42 74,567,022.25
Advance payment 921,780.70 25,520.70
Selling of repurchased financial
assets
Fees and commissions receivable
Employees’ wage payable 13,711,292.54 10,411,854.02
Tax payable -12,568,488.28 38,348,343.33
Interest payable 1,452,906.02 11,120,419.32
Dividend payable
Other account payable 51,471,040.54 40,281,900.36
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Non-current liability due in 1 year
Other current liability 61,807,000.00 62,875,000.00
Total of current liability 1,943,133,554.94 722,630,059.98
Non-current liabilities：
Long-term loan 800,000,000.00 800,000,000.00
Bond payable
Long-term payable
Special payable
Expected liabilities
Differed income tax liability
Other non-current liabilities 33,724,000.00 35,734,000.00
Total of non-current liabilities 833,724,000.00 835,734,000.00
Total of liability 2,776,857,554.94 1,558,364,059.98
Owners’ equity
Share capital 903,000,000.00 383,000,000.00
Capital reserves 4,845,479,104.68 404,165,683.34
Less：Shares in stock
Special reserves
40
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Surplus reserves 27,454,788.05 27,454,788.05
Common risk provision
Undistributed profit -308,724,067.55 -422,691,693.55
Different of foreign currency translation
Total of owner’s equity belong to the
5,467,209,825.18 391,928,777.84
parent company
Minority shareholders’ equity 137,701,170.12 111,414,900.27
Total of owners’ equity 5,604,910,995.30 503,343,678.11
Total of liabilities and owners’ equity 8,381,768,550.24 2,061,707,738.09
2. Balance sheet of Parent Company
Prepared by: Shijiazhuang Baoshi Electronic Glass Co., Ltd.
Unit：RMB
Items Year-end balance Year-beginning balance
Current asset：
Monetary fund 39,682,673.29 1,602,670.30
Trading financial assets
Bill receivable 777,000.00 800,000.00
Account receivable 38,444,137.54 19,124,462.91
Prepayments 18,221,763.70 4,349,993.17
Interest receivable
Dividend receivable
Other account receivable 547,422,212.07 5,702,152.64
Inventories 27,766,417.18 53,659,484.38
Non-current asset due in 1 year
Other current asset 19,211.84 51,295.48
Total of current assets 672,333,415.62 85,290,058.88
Non-current assets：
Disposable financial asset
Expired investment in possess
Long-term receivable
Long term share equity investment 4,554,858,306.96 538,944,306.96
Property investment 4,245,005.80 5,716,875.46
Fixed assets 27,272,948.30 29,726,470.55
41
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Construction in progress 23,712,084.39 23,495,270.63
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 11,009,960.38 11,172,742.24
R & D petrol
Goodwill
Long-germ expenses to be amortized
Differed income tax asset 8,176,013.53 10,612,340.37
Other non-current asset
Total of non-current assets 4,629,274,319.36 619,668,006.21
Total of assets 5,301,607,734.98 704,958,065.09
Current liabilities
Short-term loans
Trade off financial liabilities
Bill payable
Account payable 17,791,702.01 17,848,999.79
Advance payment 2,013,387.90 10,587.90
Employees’ wage payable 4,168,045.43 4,071,290.00
Tax payable 7,993,262.04 675,668.89
Interest payable
Dividend payable
Other account payable 101,464,117.18 474,969,427.94
Non-current liability due in 1 year
Other current liability 20,000.00 20,000.00
Total of current liability 133,450,514.56 497,595,974.52
Non-current liabilities：
Long-term loan
Bond payable
Long-term payable
Special payable
Expected liabilities
Differed income tax liability
42
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Other non-current liabilities 55,000.00 65,000.00
Total of Non-current liabilities 55,000.00 65,000.00
Total of liability 133,505,514.56 497,660,974.52
Owners’ equity
Share capital 903,000,000.00 383,000,000.00
Capital reserves 4,799,360,997.35 358,047,576.01
Less：Shares in stock
Special reserves
Surplus reserves 32,204,150.60 32,204,150.60
Provision of general risk
Undistributed profit -566,462,927.53 -565,954,636.04
Different of foreign currency translation
Total of owners’ equity 5,168,102,220.42 207,297,090.57
Total of liabilities and owners’ equity 5,301,607,734.98 704,958,065.09
3.Consolidated Profit Statement
Prepared by: Shijiazhuang Baoshi Electronic Glass Co., Ltd.
Unit：RMB
Items Amount in this period Amount in last period
I. Income from the key business 255,042,354.08 361,355,746.17
Incl：Business income 255,042,354.08 361,355,746.17
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 166,836,512.21 240,200,515.94
Incl：Business cost 108,592,058.10 193,280,345.36
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Insurance policy dividend paid
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 4,007,572.47 12,812,567.72
43
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Sales expense 3,820,269.81 1,370,322.96
Administrative expense 52,662,936.51 33,495,079.80
Financial expenses -2,146,225.05 -507,812.81
Asset impairment loss -100,099.63 -249,987.09
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss）
Incl: investment gains from affiliates
Gains from currency exchange（“-”for
loss）
III. Operational profit（“-”for loss 88,205,841.87 121,155,230.23
Add：Non-business income 108,090,806.73 319,150.96
Less：Non business expenses 510,606.03 18,100.00
Incl：Loss from disposal of non-current
assets
IV.Total profit(“-”for loss) 195,786,042.57 121,456,281.19
Less：Income tax expenses 55,532,146.72 31,597,490.41
V. Net profit（“-”for net loss） 140,253,895.85 89,858,790.78
Including: Net profit realized by the
entity taken over before the takeover
Net profit attributable to the owners of
113,967,626.00 41,175,784.18
parent company
Minority shareholders’ equity 26,286,269.85 48,683,006.60
VI. Earnings per share： -- --
（I）Basic earnings per share 0.20 0.11
(II)Diluted earnings per share 0.20 0.11
VII. Other comprehensive income
VIII. Total comprehensive income 140,253,895.85 89,858,790.78
Total comprehensive income
attributable to the owner of the parent 113,967,626.00 41,175,784.18
company
Total comprehensive income
26,286,269.85 48,683,006.60
attributable minority shareholders
4. Profit statement of the Parent Company
Prepared by: Shijiazhuang Baoshi Electronic Glass Co., Ltd.
44
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Unit：RMB
Items Amount in this period Amount in last period
I. Income from the key business 46,985,616.08 80,698,882.01
Less：Business cost 35,568,317.91 66,638,502.22
Business tax and surcharge 1,760,600.33 2,122,252.81
Sales expense 264,995.03 192,738.39
Administrative expense 12,089,130.43 10,000,556.78
Financial expenses -1,514,963.34 -22,552.60
Asset impairment loss -100,099.63 -249,987.09
Add：Gains from change of for value （“-”for loss）
Investment gain（“-”for loss）
Incl: investment gains from affiliates
II. Operational profit（“-”for loss） -1,082,364.65 2,017,371.50
Add：Non-business income 3,010,400.00 299,284.80
Less：Non- business expenses
Incl：Loss from disposal of non-current assets
III.Total profit(“-”for loss) 1,928,035.35 2,316,656.30
Less：Income tax expenses 2,436,326.84
IV. Net profit（“-”for net loss） -508,291.49 2,316,656.30
V. Earnings per share： -- --
（I）Basic earnings per share 0.01
(II)Diluted earnings per share 0.01
VI. Other comprehensive income
VII. Total comprehensive income -508,291.49 2,316,656.30
5. Consolidated Cash flow statement
Prepared by: Shijiazhuang Baoshi Electronic Glass Co., Ltd.
Unit：RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
364,183,246.79 223,903,219.77
rending of services
Net increase of customer deposits and
capital kept for brother company
Net increase of loans from central bank
45
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Net increase of inter-bank loans from
other financial bodies
Cash received against original insurance
contract
Net cash received from reinsurance
business
Net increase of client deposit and
investment
Net increase of trade financial asset
disposal
Cash received as interest, processing fee
and commission
Net increase of inter-bank fund received
Net increase of repurchasing business
Tax returned 43,044,066.73
Other cash received from business
93,198,634.20 48,170,659.89
operation
Sub-total of cash inflow 500,425,947.72 272,073,879.66
Cash paid for purchasing of
1,085,639,220.76 189,589,601.67
merchandise and services
Net increase of client trade and advance
Net increase of savings n central bank
and brother company
Cash paid for original contract claim
Cash paid for interest, processing fee
and commission
Cash paid for policy dividend
Cash paid to staffs or paid for staffs 97,041,830.56 36,392,442.47
Taxes paid 102,756,784.36 39,913,882.10
Other cash paid for business activities 132,037,097.73 54,093,674.10
Sub-total of cash outflow from business
1,417,474,933.41 319,989,600.34
activities
Cash flow generated by business
-917,048,985.69 -47,915,720.68
operation, net
II.Cash flow generated by investing
Cash received from investment
retrieving
46
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Cash received as investment gains
Net cash retrieved from disposal of
fixed assets, intangible assets, and other
long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other cash paid for investment
33,669,000.00
activities
Sub-total of cash inflow due to
33,669,000.00
investment activities
Cash paid for construction of fixed
assets, intangible assets and other 1,312,507,717.64 112,383,100.90
long-term assets
Cash paid as investment
Net increase of loan against pledge
Net cash received from subsidiaries and
other operational units
Other cash paid for investment
activities
Sub-total of cash outflow due to
1,312,507,717.64 112,383,100.90
investment activities
Net cash flow generated by investment -1,312,507,717.64 -78,714,100.90
III.Cash flow generated by financing
Cash received as investment 4,970,800,000.00 1,875,000.00
Incl: Cash received as investment from
minor shareholders
Cash received as loans 1,615,000,000.00 160,553,289.20
Cash received from bond placing
Other financing –related ash
4,388,661.78
received
Sub-total of cash inflow from financing
6,590,188,661.78 162,428,289.20
activities
Cash to repay debts 510,000,000.00
Cash paid as dividend, profit, or
51,856,136.11 896,533.33
interests
Incl: Dividend and profit paid by
subsidiaries to minor shareholders
Other cash paid for financing activities 9,781,356.35
47
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Sub-total of cash outflow due to
571,637,492.46 896,533.33
financing activities
Net cash flow generated by financing 6,018,551,169.32 161,531,755.87
IV. Influence of exchange rate
alternation on cash and cash equivalents
V.Net increase of cash and cash
3,788,994,465.99 34,901,934.29
equivalents
Add: balance of cash and cash
110,770,070.84 15,847,225.73
equivalents at the beginning of term
VI.Balance of cash and cash equivalents
3,899,764,536.83 50,749,160.02
at the end of term
6. Cash flow statement of the Parent Company
Prepared by: Shijiazhuang Baoshi Electronic Glass Co., Ltd.
Unit：RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
37,868,873.04 120,113,141.94
rending of services
Tax returned
Other cash received from business
10,400.00 299,284.80
operation
Sub-total of cash inflow 37,879,273.04 120,412,426.74
Cash paid for purchasing of
8,919,898.18 20,439,083.17
merchandise and services
Cash paid to staffs or paid for staffs 8,737,342.15 7,636,254.05
Taxes paid 1,461,357.65 19,869,861.90
Other cash paid for business activities 927,206,384.87 56,397,688.14
Sub-total of cash outflow from business
946,324,982.85 104,342,887.26
activities
Cash flow generated by business
-908,445,709.81 16,069,539.48
operation, net
II.Cash flow generated by investing
Cash received from investment
retrieving
Cash received as investment gains
Net cash retrieved from disposal of
48
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
fixed assets, intangible assets, and other
long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other cash receivable for investment
activities
Sub-total of cash inflow due to
investment activities
Cash paid for construction of fixed
assets, intangible assets and other 2,184,437.36
long-term assets
Cash paid as investment 4,016,064,000.00 3,125,000.00
Net cash received from subsidiaries and
other operational units
Other cash paid for investment
activities
Sub-total of cash outflow due to
4,016,064,000.00 5,309,437.36
investment activities
Net cash flow generated by investment -4,016,064,000.00 -5,309,437.36
III.Cash flow generated by financing
Cash received from absorbing
4,970,800,000.00
investment
Cash received as loans
Cash received from bond placing
Other financing –related ash received 1,531,406.95
Sub-total of cash inflow from financing
4,972,331,406.95
activities
Cash to repay debts
Cash paid as dividend, profit, or
interests
Other cash paid for financing activities 9,741,694.15
Sub-total of cash outflow due to
9,741,694.15
financing activities
Net cash flow generated by financing 4,962,589,712.80
IV. Influence of exchange rate
alternation on cash and cash equivalents
V.Net increase of cash and cash
38,080,002.99 10,760,102.12
equivalents
49
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Add: balance of cash and cash
1,602,670.30 2,267,777.81
equivalents at the beginning of term
VI.Balance of cash and cash equivalents
39,682,673.29 13,027,879.93
at the end of term
7. Consolidated Statement on Change in Owners’ Equity
Prepared by: Shijiazhuang Baoshi Electronic Glass Co., Ltd.
Unit：RMB
Amount in this period
Amount in this period
Owner’s equity Attributable to the Parent Company
Commo
Minor
n risk Total of
Items sharehold
Less: Speciali Attribut
Share Capital Surplus provisio owners’
Shares zed able Other ers’
Capital reserves reserves n equity
in stock reserve profit equity
Surplus
reserves
I..Balance at the end of last 383,000 404,165, 27,454, -422,69 111,414,9 503,343,67
year ,000.00 683.34 788.05 1,693.55 00.27 8.11
Add: Change of accounting
policy
Correcting of previous errors
Other
II.Balance at the beginning of 383,000 404,165, 27,454, -422,69 111,414,9 503,343,67
current year ,000.00 683.34 788.05 1,693.55 00.27 8.11
520,000 4,441,31 113,967, 26,286,26 5,101,567,
III.Changed in the current year
,000.00 3,421.34 626.00 9.85 317.19
113,967, 26,286,26 140,253,89
（I） Net profit
626.00 9.85 5.85
（II）Other misc.income
113,967, 26,286,26 140,253,89
Total of (I) and (II)
626.00 9.85 5.85
III) Investment or decreasing of 520,000 4,441,31 4,961,313,
capital by owners ,000.00 3,421.34 421.34
520,000 4,441,31 4,961,313,
1. Capital inputted by owners
,000.00 3,421.34 421.34
2．Amount of shares paid and
accounted as owners’ equity
50
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
3．Other
（IV）Profit allotment
1.Providing of surplus reserves
2.Providing of common risk
provisions
3．Allotment to the owners (or
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
（VII）Other
IV. Balance at the end of this 903,000 4,845,47 27,454, -308,72 137,701,1 5,604,910,
term ,000.00 9,104.68 788.05 4,067.55 70.12 995.30
Amount in last year
Unit：RMB
Amount in last year
Owner’s equity Attributable to the Parent Company
Minor
Speciali Commo Total of
Items sharehold
Less: Attribut
Share Capital zed Surplus n risk owners’
Shares able Other ers’
Capital reserves reserve reserves provisio equity
in stock profit equity
n
383,000 387,380, 27,454, -565,35 27,341,78 259,820,54
I.Balance at the end of last year
,000.00 227.13 788.05 6,251.87 4.69 8.00
Add：Retrospective adjustment
caused by merger of entities
under common control
Add: Change of accounting
51
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
policy
Correcting of previous errors
Other
II.Balance at the beginning of 383,000 387,380, 27,454, -565,35 27,341,78 259,820,54
current year ,000.00 227.13 788.05 6,251.87 4.69 8.00
\ III.Changed in the current 16,785,4 142,664, 84,073,11 243,523,13
year 56.21 558.32 5.58 0.11
142,664, 98,363,57 241,028,13
（I） Net profit
558.32 1.79 0.11
（II）Other misc.income
142,664, 98,363,57 241,028,13
Total of (I) and (II)
558.32 1.79 0.11
(III) Investment or decreasing 16,785,4 -14,290,4 2,495,000.
of capital by owners 56.21 56.21 00
2,495,000 2,495,000.
1. Capital inputted by owners
.00 00
2．Amount of shares paid and
accounted as owners’ equity
16,785,4 -16,785,4
3．Other
56.21 56.21
（IV）Profit allotment
1.Providing of surplus
reserves
2.Providing of common risk
provisions
3．Allotment to the owners (or
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
52
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
1. Provided this year
2．Used this term
（VII）Other
IV. Balance at the end of this 383,000 404,165, 27,454, -422,69 111,414,9 503,343,67
term ,000.00 683.34 788.05 1,693.55 00.27 8.11
8. Statement of change in owner’s Equity of the Parent Company
Prepared by: Shijiazhuang Baoshi Electronic Glass Co., Ltd.
Unit：RMB
Amount in this period
Amount in this period
Less: Common Total of
Items Share Capital Specialized Surplus Attributabl
Shares in risk owners’
Capital reserves reserves reserves e profit
stock provision equity
383,000,00 358,047,57 32,204,150 -565,954,6 207,297,09
I.Balance at the end of last year
0.00 6.01 .60 36.04 0.57
Add: Change of accounting
policy
Correcting of previous errors
Other
II.Balance at the beginning of 383,000,00 358,047,57 32,204,150 -565,954,6 207,297,09
current year 0.00 6.01 .60 36.04 0.57
520,000,00 4,441,313, -508,291.4 4,960,805,
III.Changed in the current year
0.00 421.34 9 129.85
-508,291.4 -508,291.4
（I） Net profit
9 9
（II）Other misc.income
-508,291.4 -508,291.4
Subtotal of (I) and (II)
9 9
(III) Investment or decreasing of 520,000,00 4,441,313, 4,961,313,
capital by owners 0.00 421.34 421.34
520,000,00 4,441,313, 4,961,313,
1. Capital inputted by owners
0.00 421.34 421.34
2．Amount of shares paid and
accounted as owners’ equity
3．Other
（IV）Profit allotment
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
1.Providing of surplus reserves
2.Providing of common risk
provisions
3．Allotment to the owners (or
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
（VII）Other
IV. Balance at the end of this 903,000,00 4,799,360, 32,204,150 -566,462,9 5,168,102,
term 0.00 997.35 .60 27.53 220.42
Amount in last year
Unit：RMB
Amount in last year
Less: Common Total of
Items Share Capital Specialize Surplus Attributabl
Shares in risk owners’
Capital reserves d reserve reserves e profit
stock provision equity
383,000,00 358,047,57 32,204,150 -560,194,3 213,057,39
I.Balance at the end of last year
0.00 6.01 .60 28.38 8.23
Add: Change of accounting
policy
Correcting of previous errors
Other
II.Balance at the beginning of 383,000,00 358,047,57 32,204,150 -560,194,3 213,057,39
current year 0.00 6.01 .60 28.38 8.23
-5,760,307. -5,760,307.
III.Changed in the current year
66 66
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
-5,760,307. -5,760,307.
（I） Net profit
66 66
（II）Other misc.income
-5,760,307. -5,760,307.
Subtotal of (I) and (II)
66 66
(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.Providing of common risk
provisions
3．Allotment to the owners (or
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
（VII）Other
IV. Balance at the end of this 383,000,00 358,047,57 32,204,150 -565,954,6 207,297,09
term 0.00 6.01 .60 36.04 0.57
3、Basic Information of the Company
Approved by Hebei Economic System Reform Commission with the Approval of Establishment of Shijiazhuang
Baoshi Electronic Glass Co., Ltd. (Ji Ti Gai Wei Gu Zi (1992) No.5 Document) in 1992, Shijiazhuang Baoshi
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Electronic Glass Co., Ltd. is a joint stock limited company jointly established by Shijiazhuang Kinescope General
Factory (transformed into Shijiazhuang Baoshi Electronics Group Co., Ltd. later), China Electronic Import and
Export Corporation and Zhonghua Hebei Import and Export Company. At the time of establishment, the
Company had 25.68 million shares (the par value of each share is RMB 10) and total share capital of RMB 256.80
million.
On July 17, 1993, the Company held a provisional shareholders' general meeting and decided to split the stock
equity with par value of RMB 10 per share into stock equity with par value of RMB 1 per share. As a result, the
total number of the Company's shares became 256.80 million and its total share capital became RMB 256.80
million.
Approved by Securities Commission under State Council with the Approval of Issue of 100 Million Domestically
Listed Foreign Investment Shares by Shijiazhuang Baoshi Electronic Glass Co., Ltd. (Zheng Wei Fa (1996) No.
15 Document) on June 11, 1996, the Company issued 100 million domestically listed foreign investment shares (B
shares) (the par value of each share is RMB 1). Approved by China Securities Regulatory Commission with the
Approval of the Application of Shijiazhuang Baoshi Electronic Glass Co., Ltd. to Publicly Issue Shares (Zheng
Jian Fa Zi (1996) No. 174 Document) on August 30 of the same year, the Company publicly issued 26.20 million
shares (the par value of each share is RMB 1). As of September 17, 1996, the total share capital of the Company
increased to RMB 383 million.
According to the Approval of Private Issue of Shares by Shijiazhuang Baoshi Electronic Glass Co., Ltd. (Zhen
Jian Xu Ke (2012) No. 1661 Document) issued by China Securities Regulatory Commission ("CSRC"), the
Company privately issued 520 million RMB ordinary shares (A shares) to specific investors at the price of RMB
9.69 per share on April 3, 2013. All investors subscribed for shares in cash. After this private issue, the registered
capital of the Company was changed to RMB 903.00 million. As of June 30, 2013, Registered capital :RMB 903
million, Legal representative: Li Zhaoting,
Registration No. of Legal Entity Business License : 130000000001040, Registered Address: No.9, Huanghe Road,
Shijiazhuang High-tech Industrial Development Area, Shijiazhuang, Hebei Province.
Business scope: electronic vacuum glass devices and supporting electronic components, automotive parts
production and sales and after-sales services; management of the enterprise's own products export business and
the business of mechanical equipment, spare parts, raw materials imports business (except the goods and
technology that the country limit or prohibit to import and export), flat panel display glass substrate industry,
investment, construction and operation and related technology development, technology consulting, technology
services, technology transfer; hydrogen (52.23 tons / year) of production (valid until June 30, 2015 (can not
operate the laws, regulations and the State Council decided to ban or restrict, ; can operate after get approval from
other departments).
At the end of the report period, the Company had five controlled subsidiaries: Hebei Xubao Construction
Installation Engineering Co., Ltd.,Wuhu Dongxu Optoelectronic Technology Co., Ltd, Shijiazhuang Baoshi Color
Bulb Co., Ltd.., Wuhu Dongxu Optoelectronic Equipment Technology Co., Ltd and Wuhan Dongxu
Optoelectronic Technology Co., Ltd., A controlled sub-subsidiary: Shijiazhuang Dongxu Optoelectronic
Equipment Technology Co., Ltd .
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
4、Principal accounting policies, accounting estimates and early errors
1.Basis for the preparation of financial statements
(1) The financial statements is prepared as per the “Accounting Standards for Enterprises - Basic Standards”, the specific accounting
standards in Item 38 and its application guideline and explanation and other related regulations (collectively referred to as “Enterprise
Accounting Standards”) issued by the Ministry of Finance on February, 2006.
(2) The financial statements reports on the basis of the continuous operation.
2. Statement on complying with corporate 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 in Jun 30, 2013 , operational results, cash flow, and other
relevant information for in the semi-annual 2013.
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
(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
（1）Compiling method of consolidated accounting statements
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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. Recognition Standard of Cash & 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 amount of cash and
subject to insignificant risk of changes in value.
8.Foreign currency translation
（1）Foreign currency Transactions
Transactions denominated in foreign currencies are translated into RMB at the applicable basic rates of exchange quoted by the
People’s Bank of China ( “PBOC”) prevailing at the dates of the transaction. On the balance sheet day.
（2）Foreign currency statement Convert
On the 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 instruments
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.
(1) Classification of financial instruments:
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 of financial instruments
The Company measures financial assets by their fair values during the initial recognition. During the subsequent measurements, the
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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 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.
(3)Recognition basis and measurement for transferred 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.
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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.
（4）The conditions to stopping the 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.
（5）The determination method for fair value 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 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.
（6）Providing of impairment provision on financial assets (exclude receivable accounts)
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.
（7）If investment held to mature is recztegorized to sellable financial assets, please state the intention or evidence of change
incapability
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. Recognition standard and providing basis of bad debt provision on receivable accounts
（1）Accounts receivable with material specific amount and specific provisioned bad debt preparation.
The judgment basis for significant single-item amount or standard The accounts receivable with single-item amount of RMB 5
for significant amount million and above
Impairment test shall be separately conducted. If the test
The method of separate provision for bad debts for the accounts proves the occurrence of impairment, impairment loss shall
receivable with significant single-item amount be determined and provision for bad debts shall be made
according to the difference between the present value of its
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future cash flow and its book value. For the accounts
receivable whose impairment is not proved by separate test,
such accounts receivable, together with those with
insignificant single-item amount, are divided into some
groups based on similar characteristics of credit risks. For
these groups of accounts receivable, provision for bad debts
shall be made according to the regulation mentioned in "(2)
provision for bad debts shall be made for accounts receivable
on group basis".
（2）Provision for bad debts shall be made for accounts receivable on group basis:
Method of making provision
Name Basis for determining groups
for bad debts on group basis
Account age Analysis Division into groups with the age of accounts receivable as
Account age group
method characteristic of credit risk
Division into groups with the transaction object of accounts
receivable and the nature of money as the characteristic of credit
Other groups Other method risk. Such as export rebates receivable, employees' borrowings
for official duties, reserve fund, deposit, money for related
transactions.
In Group, Provision for bad debts with the method of account age analysis√ Applicable □Not applicable
Proportion of provision of receivable Proportion of provision of other receivable account
Age
account (%) (%)
Within credit period 0%
Within 1 year after credit period 5%
1－2 years 10%
2－3 years 30%
3－4 years 50%
4－5 years 70%
Over 5 years 100%
Accounts on percentage basis in group
□ applicable √not applicable
Accounts on other basis in group：
√applicable □not applicable
（3）The accounts receivable with insignificant single-item amount for which provision for bad debts is separately made:
Reason for separate provision for bad debts The accounts receivable with single-item amount of less than RMB 5 million whose
risk characteristics can not be reflected by provision for bad debts on basis of group.
Method of provision for bad debts Provision for bad debts is made according to the difference between the present
value of its future cash flow and its book value.
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11. Inventories
（1）Inventory classification
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.
（2）Pricing method of stock delivered
Stock delivered is measured according to weighted average method.
Inventories are accounted for at their historical cost or planned cost at the time of acquisition, 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.
（3）Confirmation basis of stock net realizable value and withdrawal method of inventory falling price reserves.
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.
（4）Inventory system
Inventory system:
（5）Amortization method of consumption goods with low value and wrap page
Consumption goods with low value
Amortization method:
Packing
Amortization method:
12. Long-term equity investment
（1）Investment cost confirmation
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.
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
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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.
(2) 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 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）Depreciation testing method and depreciation reserve withdrawal method.
On the date of balance sheet, accounts it according to which is lower between the book value of long-term equity investments
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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.Real estate investment
Investment real estate refers to the properties held for the purpose of generating rent and/or capital appreciation. The company’s
investment real estate includes the land use right rented and the constructions leased.
(1) Recognition of the investment real estate
The investment real estate shall be recognized unless it meets the following requirements simultaneously: ① The economic
benefits pertinent to the investment property are likely to flow into the enterprise; and ② The cost of the investment real estate can
be reliably measured.
(2) Initial measurement of the investment real estate
① The cost of an investment real estate by acquisition consists of the acquisition price, relevant taxes, and other expenses
directly relegated to the asset.
② The cost of a self-built investment real estate composes of the necessary expenses for building the asset to the hoped
condition for use.
③ The cost of an investment real estate obtained by other means shall be recognized in accordance with the relevant
accounting standards.
④ The follow-up expenses pertinent to an investment real estate, if they meet the recognition conditions of the investment
property, they shall be included in the cost of the investment real estate; otherwise, if they fail to meet the recognition conditions of
the investment property, they shall be included in the current profits and losses when they are incurred.
(3) Follow-up measurement of the investment real estate
The company makes a follow-up measurement to the investment real estate through the cost pattern on the date of the balance
sheet. According to the relevant provisions of the “Accounting Standards for Enterprises No.4 - Fixed Assets” and the “Accounting
Standards for Enterprises No.6 - Intangible Assets”, the actual amortization or depreciation is made for the investment real estate by
the straight-line method in the estimated useful life.
(4) Conversion of the investment real estate
The company has well-established evidence to indicate that the purpose of the real estate has changed, it shall convert the
investment real estate to other assets, or vise versa. And the book value of the real estate prior to the conversion shall be entry value
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
after conversion.
14.Fixed Assets
（1）Confirmation conditions of fixed assets
Fixed assets can be recognized only when the following conditions are satisfied: (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 assets, should be included in the cost of fixed assets, and should terminate the book
value of fixed assets that was replaced.
（2）Fixed assets depreciation method
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.
Estimated useful Estimated residual
Type Depreciation rate(%)
Life value rate
Over the period of title (the period specified on the
House and Building real estate title certificate or land use right 5% 3.17
certificate) or 30 years in case of no period of title
Transportation equipment 5 5% 19.00
Kiln 5 5% 19.00
Platinum passage 3 95.5% 1.50
Glass flat-panel and other
15 5% 6.33
equipment
Other production equipment 10 5% 9.50
Text, inspection , office
5 5% 19.00
equipment , instruments and other
（3）Depreciation measuring method and depreciation reserves withdrawn method of fixed assets
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:
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
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.
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:
（4）Other
As platinum passage is mainly composed of noble metal such as platinum and rhodium and almost has no loss, its net residual
value rate is quite high.
15. Projects under construction
（1）Categories of projects under construction
Construction in progress represents capital assets under construction or installation and is accounted for as engineering cost at
actual cost. The construction cost includes the cost of construction and installation, machine and equipment, other direct expenses
and borrowing costs from the special loans borrowed for the acquisition or construction of fixed assets before projects get ready for
intended use.
（2）Standard and timing for transferring of projects under construction to fixed assets
Construction in progress is transferred into fixed assets when a project gets ready for intended use and provision for
depreciation is made from the following month.
（3）Impairment text and providing of impairment provisions on projects under construction
The company makes a overall assessment of the project under construction at the end of each year. If there is any evidence that the
construction in progress has been impaired, the company provides for such impairment losses. In case of existing of one or several of
the following cases, the impairment losses should been provided for the construction in progress:
The project under construction has been suspended for long period and is not expected to restart in 3 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 any loss of the construction-in-process impairment is recognized, it shall not be switched back in the future accounting periods.
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
16.Loan expenses.
（1）Principle of the recognition of capitalized borrowing costs
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.
（2）Capitalizing period of borrowing expenses
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 occurrence 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 occurrence
amount to recognize as cost, and account it into the current losses and gains.
For the additional expenses from general loans, recognize the occurrence amount as the expenses, and account it into the current
losses and gains.
（3）Calculating of borrowing expense capitalizing
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.
17. Intangible assets
（1）Pricing of intangible assets
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.
（2）Provision for impairment of investment 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:
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
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.
（3）Dividing of research stage and development stage of internal R& D projects
Study of internal R& D projects phase is exploratory research phase of the project, information refers to further develop
activities and related preparatory stage; Stage of development means that you have completed the research phase of the work, to a
large extent, internal research and development projects have formed the basic conditions for a new product or new technology.
18.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.
19.Predicted liabilities
（1）Recognition of Predicted 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.
（2）Accounting of Predicted liabilities
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.
20. Revenues
（1）Recognition time for sales of goods
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
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）Incomes from transferring asset use right
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.
（3）Confirm the evidence to provide labor income
The operating income from the labor services started and finished within the same fiscal year 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.
（ 4 ） Deciding of completion percentage when percentage basis is adopted to recognize income from service
providing or construction contracts
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.
21. Governmental subsidy
（1）Categories
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.
（2）Accounting treatment
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, 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.
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22. Deferred income tax assets/Deferred income tax liability
（1）Confirmation of deferred income tax assets
(1) 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.
(2) The confirmation of deferred income tax liability
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.Change of main accounting policies and estimations
Is there any material change of accounting policies occurred in the year
√ Yes □ No
On June 28, 2013, the 40th meeting of the sixth board of directors of the Company examined and adopted the Proposal Concerning
Change in Accounting Estimate. The Company was approved to change the accounting estimate originally only applicable to CRT
business to that applicable to both CRT business and TFT - LCD glass substrate business. The change in proportion of provision for
bad debts for accounts receivable and depreciation period of fixed assets was mainly involved.
（1）Change of accounting policies
Is there any change in accounting policies in the report period
□ Yes √ No
（2）Change of accounting estimations
Is there any change in accounting estimations in the report period
√ Yes □ No
1 Change of proportion of provision for bad debts:：
A/Before change：
(1)The accounts receivable with significant single-item amount for which provision for bad debts is separately made:
The judgment basis for significant The accounts receivable with not big single-item amount whose impairment
single-item amount or standard for is shown by signs (except those with the top five balance or those accounting
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
significant amount for over 10% of total accounts receivable
The method of separate provision for The Company conducts a separate impairment test on accounts receivable
bad debts for the accounts receivable withwhose single amount is great. Where there is an objective evidence to indicate
significant single-item amount 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) Accounts receivable with significant or insignificant single-item amount for which provision for impairment is not made:
The Company separately conducts impairment test of the accounts receivable with significant or insignificant single-item
amount. If no objective evidence shows the occurrence of impairment, no provision for bad debts shall be made.
(3) The accounts receivable with insignificant single-item amount for which provision for bad debts is separately made:
The judgment basis or amount standard for The accounts receivable with not big single-item amount whose
the accounts receivable with insignificant impairment is shown by signs (except those with the top five balance or those
single-item amount for which provision for accounting for over 10% of total accounts receivable
bad debts is separately made:
Method of proportion of provision for How much the present value of the future cash flows is lower than their
bad debts: book value.
B. After change：
(1) The recognition standard for the provision for bad debts made for accounts receivable with significant single-item amount
and the method of provision
The judgment basis for The accounts receivable with single-item amount of RMB 5 million and above
significant single-item amount or
standard for significant amount
The method of separate Impairment test shall be separately conducted. If the test proves the occurrence of
provision for bad debts for the impairment, impairment loss shall be determined and provision for bad debts shall be made
accounts receivable with significant according to the difference between the present value of its future cash flow and its book
single-item amount value. For the accounts receivable whose impairment is not proved by separate test, such
accounts receivable, together with those with insignificant single-item amount, are divided
into some groups based on similar characteristics of credit risks. For these groups of
accounts receivable, provision for bad debts shall be made according to the regulation
mentioned in "(2) provision for bad debts shall be made for accounts receivable on group
basis".
(2) Provision for bad debts shall be made for accounts receivable on group basis:
Basis for determining groups
Account age group Division into groups with the age of accounts receivable as
characteristic of credit risk
Other group Division into groups with the transaction object of accounts
receivable and the nature of money as the characteristic of credit risk.
Such as export rebates receivable, employees' borrowings for official
duties, reserve fund, deposit, money for related transactions.
Method of making provision for bad debts on group basis
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Account age group Provision for bad debts with the method of account age analysis
Other group Impairment test shall be separately conducted. If objective
evidences prove the occurrence of impairment, impairment loss shall be
recognized and provision for bad debts shall be made according to the
difference between the present value of expected future cash flow and its
book value. If no impairment is found after test, no provision for bad
debts shall be made.
Including：For groups, the method of account age analysis shall be adopted for provision for bad debts:：
Age Proportion(%)
Within credit period 0
Within 1 year after credit period 5
1－2 years 10
2－3 years 30
3－4 years 50
4－5 years 70
Over 5 years 100
The credit period generally refers to the collection period specified in contracts. If credit period is not specified in relevant
contract, the credit period for collection specified in the Company's credit evaluation policy shall prevail. If credit period for
collection is not specified in relevant contract or the Company's policy, the credit period for collection confirmed by both parties
shall prevail. Based on this, overdue period is calculated and provision for bad debts is respectively calculated.
(3) The accounts receivable with insignificant single-item amount for which provision for bad debts is separately made:
Reason for separate provision for bad The accounts receivable with single-item amount of less than RMB 5 million whose
debts risk characteristics can not be reflected by provision for bad debts on basis of group
Method of provision for bad debts Provision for bad debts is made according to the difference between the present value
of its future cash flow and its book value.
(2) Change of depreciation period of fixed assets:
A. Before change:
The depreciation rate is determined according to the type, expected useful life and estimated net residual value rate of fixed
assets. The concrete rates are as follows:
Type Expected useful life Estimated residual value Depreciation Rate(%)
rate(%)
House and Building 20～21 3 4.62～4.85
Machinery and equipment 11～12 3 8.08～8.82
Transporation equipment 11～12 3 8.08～8.82
Other equipment 11～12 3 8.08～8.82
B. After change:
For all kinds of fixed assets, provision for depreciation is made using "straight line method" on basis of type. The classification
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
and expected useful life of existing fixed assets of the Company according to their estimated useful life and estimated net residual
value rate as follows:
Type of assets Depreciation Useful life Estimated net Annual
method residual value depreciation
rate rate
House and Building Straight line Over the period of title (the period specified 5% 3.17%
method on the real estate title certificate or land use
right certificate) or 30 years in case of no
period of title
Kiln Straight line 5 years 5% 19.00%
method
Platinum passage Straight line 3 years 95.50% 1.50%
method
Glass substrate and other Straight line 15 years 5% 6.33%
Special Equipment method
Other Production equipment Straight line 10 years 5% 9.50%
method
Transporation equipment 11～12 5 years 5% 19.00%
Text, Quality, office Straight line 5 years 5% 19.00%
equipment, Tools and other method
C. The influence of change in accounting estimate on accounting data for current period
As this change in accounting estimate took effect from June 29, 2013, it has no influence on the financial data for current
accounting period.
Notes
Unit：RMB
Content of and reason for the change in Examination and approval Name of affected
Amount
accounting estimate procedure items
Change the accounting estimate originally only
applicable to CRT business to that applicable to
Provision for bad
both CRT business and TFT - LCD glass Examined and adopted at the 40th
debts,
substrate business. The change in proportion of meeting of the sixth board of 0.00
Accumulative
provision for bad debts for accounts receivable directors of the Company
Depreciation
and depreciation period of fixed assets was
mainly involved.
24.Other principal accounting policies, estimations and preparation method of financial statements
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 insurance, and maternity insurance, housing funds, union budgets and
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
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 system for staff and workers established by governmental agencies according to
relevant regulations, including endowment insurance, public accentuation 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 certain proportion 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.
5、Taxation
1.Main categories and rates of taxes
Taxes Tax references Applicable tax rates
VAT Sales revenue of energy and power 13%
Business tax Income from labor service and lease 3～5%
City construction tax Turnover tax to be paid allowances 7%
Enterprise income tax Taxable income 25%
VAT Product sales revenue 17%
Surcharge for education Turnover tax to be paid allowances 5%
Income tax rate apply able to branches and factories
6、Enterprise consolidation and combined financial statements
1. Subsidiary
（1）Subsidiary obtained through establishment or investment
Unit：RMB
Amount After
Other
used to wrote
projects
write down
balance
Actual Proporti Whether Interest down current
Full essential Holding
Registra Register capital on of consolid of lost period
name of Subsidia Busines Busines ly from proporti
tion ed amounts voting ation of minority included loss of
subsidia ry type s s scope net on
place capital of rights(% report sharehol in minority
ry investm (%)
the end ) form der minority sharehol
ent to
sharehol ders
subsidia
der over
ry
interest equity
74
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
beginni
ng share
of
minority
sharehol
ders in
the
subsidia
ry from
the
parent
compan
y’s
share ,B
alance
of
Owner's
equity
Buildin
g
architect
ural
engineer
Hebei
ing
Xubao
design,
Constru
No.9, construc
ction Limited Constru
Huangh tion,
Installat Liability ction RMB 8 8,000,0
e Road, engineer 100% 100% Yes
ion Compan Installat million 00.00
Shijiazh ing
Enginee y ion
uang consulta
ring
ncy, city
Co.,
and
Ltd.
roads
lighting
projects,
interior
and
75
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
exterior
decorati
on
projects
roductio
n and
sales of
Shijiazh
glass
uang No.9,
Limited bulbs
Baoshi Huangh RMB
Liability Manufa for 439,342 17,812,
Color e Road, 540.68 81.26% 81.26% Yes
Compan cturing colour ,000.00 513.57
bulb Shijiazh million
y kinesco
Co., uang
pe and
Ltd.
electron
ic glass
products
R&D of
optoelec
tronic
mechani
cal
equipme
nt and
3/F,
electron
Wuhu Wuhu
ic
Dongxu Econom
products
Optoele Other y
,
ctronic Limited Technol RMB16.
Manufa producti 11,500,0 112,925,
Equipm Liability ogy 40 70.12% 70.12% Yes
cturing on of all 00.00 682.02
ent Compan Deelop million
kinds of
Technol y ment
non-stan
ogy Co., Zone,M
dard
Ltd. anagem
equipme
ent
nt and
parts
and
relevant
process
formulat
ion.
Wuhu Personal No. 36, RMB Investm 2,000,0
Manufa
Dongxu limited Daowei 2000 ent, 00,000. 100% 100% Yes
cturing
Optoele liability 2 Road, million construc 00
76
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
ctronic compan Wanchu tion and
Technol y n Street, operatio
ogy Co., Econom n related
Ltd. y to the
Technol industry
ogy of glass
Develop substrat
ment e for
Zone , optoelec
Wuhu tronic
display
and
relevant
technolo
gical
develop
ment.
Optoele
ctronic
display
glass
substrat
1/F,
e
No.1
industry
Busines
investm
s tower,
ent,
Huazho
construc
ng
Wuhan tion and
Shugua
Dongxu operatio
Limited ng
Optoele n,
Liability Softwar Manufa RMB5 3,125,0 1,361,8
ctronic Machin 62.5% 62.5% Yes
Compan e park, cturing million 00.00 18.38
Technol ery and
y No.1Gu
ogy Co., equipme
anshan
Ltd. nt,
Road,D
design
onghu
and sale
Develop
of
ment
electron
Zone,
ic
Wuhan
products
,
Provide
relevant
technolo
77
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
gy
develop
ment,
technica
l advice,
technica
l
services,
transfer
of
technolo
gy etc.
7. Notes to the major items of consolidated financial statement
1.Monetary Capital
Unit：RMB
Year-end balance Year-beginning balance
Items Exchange Exchange
Foreign currency RMB Foreign currency RMB
rate rate
Cash -- -- 285,097.11 -- -- 155,430.68
Bank deposit -- -- 3,748,028,338.04 -- -- 110,614,640.16
Other -- -- 154,535,101.68 -- --
Total -- -- 3,902,848,536.83 -- -- 110,770,070.84
Notes of Monetary fund has not these conditions such as usage limitation for mortgage, pledge or frozen fund, stored overseas, with
potential recovery risk.
Notes 1：The current monetary funds increase over the previous period,，Mainly due to the increase of current private placement and
bank loans;
Notes 2：Ending currency fund has included restricted cash of RMB 3,084,000.00.
2.Bill receivable
（1）Classification bill receivable
Unit：RMB
Classification Year-end balance Year-beginning balance
Bank acceptance 1,777,000.00 800,000.00
Total 1,777,000.00 800,000.00
78
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
3. Account receivable
（1）.Classification account receivables.
Unit :RMB
Amount in year-end Amount in year- begin
Book Balance Bad debt provision Book Balance Bad debt provision
Classification
Proportion( Proportion( Proportion( Proportion(%
Amount Amount Amount Amount
%) %) %) ))
Receivables with major
individual amount and bad
debt provision provided
individually receivables 22,051,165. 22,051,165. 22,051,16 22,051,165.9
3.48% 100% 3.63% 100%
with major individual 91 91 5.91 1
amount and bad debt
provision provided
individually
Receivables provided bad debt provision in groups
42,078,299. 11,331,537. 18,638,59 11,425,936.9
Account age group 6.63% 26.93% 3.07% 61.3%
73 33 5.85 6
570,138,72 566,661,7
Other Group 89.89% 93.3%
1.64 98.18
612,217,02 11,331,537. 585,300,3 11,425,936.9
Subtotal of group 96.52% 1.85% 96.37% 1.95%
1.37 33 94.03 6
634,268,18 33,382,703. 607,351,5 33,477,102.8
Total -- -- -- --
7.28 24 59.94 7
Notes
Receivable accounts with large amount individually and bad debt provisions were provided.
√Applicable □Not applicable
Unit：RMB
Description of the receivable accounts Book balance Bad debt provision Rate（%） Reason to provide
Baoshi TV Factory 14,009,355.59 14,009,355.59 100% Can't withdraw
Tianjing Anjing Electronic Glass Co.,
8,041,810.32 8,041,810.32 100% Can't withdraw
Ltd
Total 22,051,165.91 22,051,165.91 -- --
Receivable account in Group on which bad debt provisions were provided on age basis：
√Applicable □Not applicable
Amount in year-end Amount in year- begin
Account age
Book Balance Bad debt Book Balance Bad debt
79
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Proportio provision Proportion( provision
Amount Amount
n(%) %)
Within 1 year
Including：Within
30,746,762.40 73.07 7,212,658.89 38.70
credit period
Within 1 year
30,746,762.40 73.07 7,212,658.89 38.70
after credit period
11,425,936.9
Over 5 years 11,331,537.33 26.93 11,331,537.33 61.30 11,425,936.96
6
18,638,595.8
Total 42,078,299.73 -- 11,331,537.33 -- 11,425,936.96
5
Receivable account in Group on which bad debt provisions were provided on percentage basis：
□Applicable √Not applicable
Receivable accounts on which bad debt provisions are provided by other ways in the portfolio：
√Applicable □Not applicable
Unit：RMB
Name Book balance Amount of bad debt
Other Group 570,138,721.64
Total 570,138,721.64
In the end report period, separate amount is not large , the account receivable with big combination risk after
combined via risk character
□Applicable√Not applicable
（2）Receivable accounts written back or retrieved in the report period
Unit：RMB
Bad debt provision
Reason to write back Basis of original bad Amount written back or
Description of receivables provided before writing
or retrieve debt provision retried
back or retrieving
Partial recovery of Unrecoverable accounts
Nanjing Huafei 600,000.00 122,737.19
accounts aged over 3 years
Total -- -- 600,000.00 --
（3）Receivable accounts actually written off in the report period
Unit：RMB
Whether because of
Reasons of written
Name Quality Time of written off Amount of written the connected
off
transaction
80
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Total -- -- 0.00 -- --
Notes
There were no receivables written off in this reporting period.
（4）Particulars about the receivable accounts due from shareholders with 5% or over of the Company’s shares in
the report period.
Unit：RMB
Year-end balance Year-beginning balance
Name
Book Balance Amount Book Balance Amount
Shijiazhuang Baoshi Group 585,572.85
Dongxu Group 500,000.00 5,796,936.00
Total 500,000.00 6,382,508.85
（5）The front 5 units’ information of account receivable
Unit ：RMB
Relation with the Portion in total
Name Amount Ages
Company receivables (%)
Shijiazhuang Xuxin
Optoelectronic Related parties 221,922,880.01 Within 1 year 34.99%
Technology Co., Ltd.
Dongxu(Yingkou) Withn 1 year is RMB
Optoelectronic Display Related parties 187,338,470.46 103,492,096.81, the rest 29.54%
Co., Ltd. is 1-2 years.
Sichuan Xuhong
Optoelectronic Related parties 84,714,403.52 1-2 years 13.36%
Technology Co., Ltd.
Zhengzhou Xufei Within 1 year is RMB
Optoelectronic Related parties 66,403,240.58 64074799.99, The rest 10.47%
Technology Co., Ltd. is 1-2 years
Chengdu Guangming
Paite Noble metal Co., Non-related parties 27,456,595.00 Withn 1 yesr 4.32%
ltd.
Total -- 587,835,589.57 -- 92.68%
（6）Account receivable from Related parties
Unit：RMB
Relation with the Portion in total receivables
Name Amount
company account(%)
Dongxu(Yingkou) Optoelectronic Display Co., Ltd. Related parties 187,338,470.46 29.54%
Zhengzhou Xufei Optoelectronic Technology Co.,
Related parties 66,403,240.58 10.47%
Ltd.
81
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Sichuan Xuhong Optoelectronic Technology Co., Ltd. Related parties 84,714,403.52 13.36%
Dongxu Group Related parties 500,000.00 0.08%
Shijiazhuang Xuxin Optoelectronic Technology Co.,
Related parties 221,922,880.01 34.99%
Ltd.
Dongxu Optoelectronic Investment Co., Ltd. Related parties 250,000.00 0.04%
Total -- 561,128,994.57 88.47%
4 Other receivable
（1）.Type analyses:
Unit：RMB
Amount in year-end Amount in year-begin
Book Balance Bad debt provision Book Balance Bad debt provision
Type
Proportio Proportio Proportion( Proportio
Amount Amount Amount Amount
n(%) n(%) %) n(%)
Other Receivables provided bad debt provision in groups
Account age group 5,964,861.92 11.02% 5,964,861.92 100% 5,970,561.92 24.24% 5,970,561.92 100%
48,175,657.9 18,664,010.1
Other Group 88.98% 75.76%
7 2
54,140,519.8 24,634,572.0
Subtotal of group 100% 5,964,861.92 11.02% 100% 5,970,561.92 24.24%
9 4
54,140,519.8 24,634,572.0
Total -- 5,964,861.92 -- -- 5,970,561.92 --
9 4
Notes
Other receivable accounts with large amount and were provided had debt provisions individually at end of period.
□Applicable√Not applicable
Other receivable accounts in Group on which bad debt provisions were provided on age analyze basis：
√Applicable □Not applicable
Amount in year-end Amount in year- begin
Account age Book Balance Book Balance
Bad debt provision Bad debt provision
Amount Proportion(%) Amount Proportion(%)
Within 1 year
Over 5 years 5,964,861.92 100% 5,964,861.92 5,970,561.92 100% 5,970,561.92
Total 5,964,861.92 -- 5,964,861.92 5,970,561.92 -- 5,970,561.92
Other receivable account in Group on which bad debt provisions were provided on percentage basis：
□Applicable √Not applicable
Other Receivable accounts on which bad debt provisions are provided by other ways in the portfolio：
82
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
√Applicable □Not applicable
Unit：RMB
Name Book balance Providion of bad debts
Other Group 48,175,657.97
Total 48,175,657.97
Separate amount is big at end of the period or not big but other account receivable and doubtful reserves shall be
withdrawn.
□Applicable√Not applicable
（2）Other receivable accounts written back or retrieved in the report period
Unit：RMB
Bad debt provision
Description of other Reason to write back Basis of original bad
provided before writing
receivables or retrieve debt provision
back or retrieving
Partial recovery of Unrecoverable accounts
Personal cash receivable 96,413.00 5,700.00
accounts aged over 3 years
Total -- -- 96,413.00 --
（3）Other receivable accounts actually written off in the report period
Unit：RMB
Name of the Reason of written Occurred under related
Property of account Date of written off Amount written off
Company off relationship
Total 0.00
Statements on writing off of other receivable accounts：
None
（4）The front 5 units’ information of other account receivable
Unit：RMB
Portion in total
Relation with the
Name Amount Ages other
company
receivables(%)
Zhongshe Mechatronics Import & export Co.,
Non-Related parties 1,421,945.13 Within 1 year 2.63%
Ltd.
Finance Bureau of Wuhu Economy Technology
Non-Related parties 1,420,000.00 1-2 years 2.62%
Development Zone
Shijiazhuang Baoshi Large-diameter plastic tube
Related parties 1,303,031.25 Within 1 year 2.41%
Co., ltd.
Shijiazhuang Baoshi Electronic vacuum Glass
Related parties 1,122,283.75 Within 1 year 2.07%
Co., Ltd.
Henan anfei ELECTRONICSS GLASS Non-Related parties 1,094,333.29 Over 3 years 2.02%
83
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
COMPANY LIMITED
Total -- 6,361,593.42 -- 11.75%
（5）Other Account receivable from Related parties
Unit： RMB
Portion in total other
Name Relation with the Company Amount
receivables (%)
Hebei Baoshi Energy Lighting Technology Co.,
Related parties 238,504.75 0.44%
Ltd.
Shijiazhuang Baoshi Electronic vacuum Glass Co.,
Related parties 1,122,283.75 2.07%
Ltd.
Shijiazhuang Baoshi Xuming Related parties 169,556.60 0.31%
Shijiazhuang Baoshi Large-diameter Co.Ltd Related parties 1,303,031.25 2.41%
Total -- 2,833,376.35 5.23%
5.Prepayments
（1）Prepayments age :
Unit:RMB
Beginning of term
Age Proportion Proportion
Amount Amount
（%） （%）
Within 1 year 2,158,530,615.11 79.27% 753,048,856.40 99.62%
1-2 years 563,587,932.30 20.7% 2,892,416.10 0.38%
2-3 years 1,052,326.10 0.03% 6,224.75
Over 3 years 7,534.83 7,020.08
Total 2,723,178,408.34 -- 755,954,517.33 --
Notes to age of payment in advance:：
（2） The front 5 units’ information of Prepayments
Unit：RMB
Relation with the
Unit name Amount Time Reason of not clearing
company
Chengdu Guangming Paite Noble Engineering Material
Not- Related parties 862,608,157.86 1-2 years
metal Co., Ltd.
Wuxi Aiditong Metal Material Engineering Material
Not- Related parties 425,711,629.29 Within 1 year
Technology Co., Ltd.
Beijing Manniqi Technology Engineering Material
Not- Related parties 225,380,000.00 1-2 years
Development Co., Ltd.
84
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Beijing Sitong Industrial Technology Engineering Material
Not- Related parties 179,988,983.53 Within 1 year
Co., Ltd.
Tianjing Textiles Group Import & Engineering Material
Not- Related parties 166,815,032.76 Within 1 year
export Co., Ltd.
Total -- 1,860,503,803.44 -- --
Notes
(3) Prepayment received by shareholding parties holding 5% or above of the Company’s shares in the report
period.
Unit：RMB
Balance at the period end Balance in year-begin
Name Amount of bad debt Amount of bad debt
Book amount Book amount
provision provision
Shijiazhuang Baoshi Electronics
14,536,043.55
Group Co., Ltd
Total 14,536,043.55
（4）Statements on prepayments
The prepayments in current period changed greatly over the previous period mainly because Wuhu Dongxu Optoelectronic
Equipment Technology Co., Ltd. made prepayment for noble metal and equipment to stock up for the construction of ten production
lines of Wuhu Dongxu Optoelectronic Technology Co., Ltd.
6．Inventory
（1）Inventory types
Unit：RMB
Year-end balance Year-beginning balance
Items Provision for Provision for bad
Book balance Book value Book balance Book value
bad debts debts
Raw materials 207,206,115.17 7,103,189.01 200,102,926.16 154,586,783.31 13,720,545.67 140,866,237.64
Processing products 7,112,982.10 7,112,982.10 9,034,802.25 9,034,802.25
Stock goods 26,192,364.02 3,459,635.91 22,732,728.11 22,278,010.72 3,459,635.91 18,818,374.81
Low value
13,227.32 13,227.32 13,227.32 13,227.32
consumption goods
Material cost
-28,616.84 -28,616.84
difference
Material
12,937.50 12,937.50
procurement
Total 240,524,688.61 10,562,824.92 229,961,863.69 185,897,144.26 17,180,181.58 168,716,962.68
85
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
（2）Inventory Impairment provision
Unit：RMB
Amount Decreased in current period
Book balance at year Amount accounted in Book balance at period
Type
beginning Transferred back Reselling end
current period
Raw materials 13,720,545.67 6,617,356.66 7,103,189.01
Stock goods 3,459,635.91 3,459,635.91
Total 17,180,181.58 6,617,356.66 10,562,824.92
7.Other current assets
Unit：RMB
Items End of term Beginning of term
Replace with USD 58,000,000.00 58,000,000.00
Prepaid or offset against tax 109,748.06 1,507,036.63
Total 58,109,748.06 59,507,036.63
Statement on other current assets：
8. Long term share equity investment.
86
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
（1）Details of long-term equity investment
Unit：RMB
Explanati
on of
difference
between
Sharehold Voting sharehold
Accounti Initial ing right ing
Original Ending Current Cash
Name ng investmen change proportio proportio proportio Devalue
balance Balance devalue bonus
method t cost n in the n in the n and
investee investee voting
right
proportio
n in
investee
Shijiazhu
ang
Baolihua 200,000.0 200,000.0 200,000.0
0.00
Technolo 0 0 0
gy
&Trading
Co., Ltd.
200,000.0 200,000.0 -200,000.
Total -- 0.00 -- -- -- 0.00 0.00 0.00
0 0 00
9.Investment real estate
（1）Measured by the cost of investment in real estate
Unit：RMB
Book amount at year
Items Increase at this period Decrease at this period Book balance in year -end
beginning
1. Total original price 77,990,458.53 77,990,458.53
1.House, Building 77,990,458.53 77,990,458.53
II.Total accumulated
depreciation
63,760,178.30 2,151,722.88 65,911,901.18
accumulated
amortization
1.House, Building 63,760,178.30 2,151,722.88 65,911,901.18
87
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
III. Total book value
of investment real 14,230,280.23 -2,151,722.88 12,078,557.35
estate
1.House, Building 14,230,280.23 -2,151,722.88 12,078,557.35
V. Total book value of
14,230,280.23 -2,151,722.88 12,078,557.35
investment real estate
1.House, Building 14,230,280.23 -2,151,722.88 12,078,557.35
Unit：RMB
This period
Current amount of depreciation and amortization 2,151,722.88
10. Fixed assets
（1）Fixed assets
Unit：RMB
Book amount at Decrease at this Book balance in
Items Increase at this period
year beginning period year -end
1.Total of Original price of
257,356,471.56 8,418,374.07 265,774,845.63
fixed assets
Including ：House and
105,786,470.97 5,794,269.52 111,580,740.49
building
Machine equipment 136,344,285.16 288,361.11 136,632,646.27
Transpiration Equipment 7,196,382.83 7,196,382.83
Other equipment 8,029,332.60 2,335,743.44 10,365,076.04
Book balance at Current term new Current term Decrease at this Book balance in
--
year beginning extra provision period year -end
II. Total of Accumulated
203,742,572.77 4,405,153.22 208,147,725.99
depreciation
Including ：House and
75,086,428.08 2,316,196.73 77,402,624.81
building
Machine equipment 121,276,691.67 1,198,592.93 122,475,284.60
Transpiration Equipment 1,424,872.53 413,890.36 1,838,762.89
Other equipment 5,954,580.49 476,473.20 6,431,053.69
Book balance in Balance in
-- --
year-begin year-end
III. Total book value of 53,613,898.79 -- 57,627,119.64
88
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Fixed assets
Including ：House and
30,700,042.89 -- 34,178,115.68
building
Machine equipment 15,067,593.49 -- 14,157,361.67
Transpiration Equipment 5,771,510.30 -- 5,357,619.94
Other equipment 2,074,752.11 -- 3,934,022.35
IV. Total of Devalued
3,236,295.13 -- 3,236,295.13
Provision
Machine equipment -- 3,236,295.13
Transpiration Equipment 3,236,295.13 --
Other equipment --
V. Total book value of
50,377,603.66 -- 54,390,824.51
Fixed assets
Including ：House and
30,700,042.89 -- 34,178,115.68
building
Machine equipment 11,831,298.36 -- 10,921,066.54
Transpiration Equipment 5,771,510.30 -- 5,357,619.94
Other equipment 2,074,752.11 -- 3,934,022.35
Current depreciation is RMB 4,405,153.22 . The issue of fixed assets transferred from construction in progress original price is RMB
0.
（2）Fixed assets temporarily in idle status
Unit：RMB
Accumulated Impairment
Items Original book value Net book value Notes
depreciation provision
Machine equipment 4,765,286.22 1,445,927.10 3,236,295.13 83,063.99
（3）Fixed assets leased out on finance
Unit：RMB
Type Book balance in year-end
Machine equipment 706,101.52
11. Project under construction
（1）Project under construction
Unit ：RMB
Year-end balance Year-beginning balance
Items
Book balance Provision for Book Net value Book balance Provision for Book Net value
89
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
devaluation devaluation
Transformation of Glass II
23,712,084.39 23,712,084.39 23,495,270.63 23,495,270.63
tube
LCD glass substrate
445,935,579.95 445,935,579.95 173,103,709.72 173,103,709.72
production line
Workshop 1,255,249.80 1,255,249.80 355,500.00 355,500.00
Total 470,902,914.14 470,902,914.14 196,954,480.35 196,954,480.35
（2） The variation in constructing the engineering project
Unit：RMB
Includin
Capitaliz g：
Amount Transferr ation of Current Capitaliz
Increase Balance
at year ed to Other Proportio Progress interest amount ation of Source
Name Budget at this in
beginnin fixed decrease n(%) of work accumul of interest of funds
period year-end
g assets ated capitaliz ratio（%
balance ation of
interest
Transfor
mation 23,495,2 216,813. 23,712,0
of Glass 70.63 76 84.39
II tube
LCD
glass
7,337,96 173,103, 272,831, 445,935,
substrate 6.08
0,000.00 709.72 870.23 579.95
producti
on line
Worksho 25,000,0 355,500. 899,749. 1,255,24
5.02
p 00.00 00 80 9.80
7,362,96 196,954, 273,948, 470,902,
Total -- -- -- --
0,000.00 480.35 433.79 914.14
Notes
In current period, Wuhu Dongxu Optoelectronic Technology Co., Ltd. and Wuhan Dongxu Optoelectronic Technology Co., Ltd., two
subsidiaries, added glass substrate production line projects which were in the stage of preparation. There were no completed projects.
So construction in progress at the end of period changed greatly over beginning of period.
12. Engineering Material
Unit ：RMB
Balance in Increase at this Decrease at this
Items Balance in year-end
year-begin period period
90
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Special Equipment 39,962,101.83 163,246,364.51 203,208,466.34
Special tools 1,076.93 809,375.30 810,452.23
Special material 3,786,156.93 3,786,156.93
Total 39,963,178.76 167,841,896.74 207,805,075.50
Notes.
Current special equipment for the new large Wuhu Dongxu Optoelectronic Technology Co., Ltd Glass substrate
production line batching system.
13. Intangible assets
（1） Intangible assets
Unit ：RMB
Book Balance in Book Balance in
Items Increase at this period Decrease at this period
year-begin year-end
1. Total original price 63,721,888.00 70,900.00 63,792,788.00
Land Use right 63,658,038.00 63,658,038.00
Financial Software 63,850.00 70,900.00 134,750.00
II. Total amount of
5,476,209.42 646,181.64 6,122,391.06
accumulated
Land Use right 5,459,241.08 639,388.62 6,098,629.70
Financial Software 16,968.34 6,793.02 23,761.36
III. Book value of intangible
58,245,678.58 -575,281.64 57,670,396.94
assets
Land Use right 58,198,796.92 -568,488.62 57,559,408.30
Financial Software 46,881.66 -6,793.02 110,988.64
Land Use right
Financial Software
III. Book value of intangible
58,245,678.58 -575,281.64 57,670,396.94
assets
Land Use right 58,198,796.92 -568,488.62 57,559,408.30
Financial Software 46,881.66 -6,793.02 110,988.64
The amortization amount is RMB .646,181.64.
14. Deferred income tax assets and deferred income tax liability
（1）Confirmed the deferred income tax assets and deferred income tax liability
Unit:RMB
91
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Recognized deferred income tax assets and deferred income tax liabilities
Items Year-end balance Year-beginning balance
Deferred income tax assets:
Assets devaluation provision 212,948.83 212,948.83
Bad debt reserve. 5,531,330.39 5,556,355.30
Inventory devaluation provision 429,410.17 2,083,749.33
Long-term equity investment 9,286.91
Losses Covered in Latter Year 2,002,324.14 2,750,000.00
Not realized the internal profit 5,808,069.34 2,887,121.47
Subtotal 13,984,082.87 13,499,461.84
Deferred income tax liability：
Details of the un-recognized deferred income tax assets
Unit：RMB
Items At end of term At beginning of term
Neutralizable losses 41,217,546.90 41,217,546.90
Bad debt reserve. 17,222,243.61 17,222,243.61
Inventory devaluation provision 8,845,184.24 8,845,184.24
Impairment loss of fixed assets 2,384,499.81 2,384,499.81
Long-term equity investment 12,852.36
Total 69,669,474.56 69,682,326.92
Deductible losses of the un-recognized deferred income tax asset will expire in the following years
Unit:RMB
Year At end of term At beginning of term Notes
2014 6,633,761.27 6,633,761.27
2015 12,989,016.45 12,989,016.45
2016 10,993,369.89 10,993,369.89
2017 10,601,399.29 10,601,399.29
Total 41,217,546.90 41,217,546.90 --
Details of taxable differences and deductible differences
Unit:RMB
Amount of temporary differences
Items
At end of term At beginning of term
Differences in taxable items
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Deductible difference project
Bad debt reserve. 22,125,321.55 22,225,421.18
Inventory devaluation provision 1,717,640.68 8,334,997.34
Impairment loss of fixed assets 851,795.32 851,795.32
Long-term equity investment 37,147.64
Losses Covered in Latter Year 8,009,296.56 11,000,000.00
Not realized the internal profit 23,232,277.36 11,548,485.86
Subtotal 55,936,331.47 53,997,847.34
（2）Deferred income tax assets and liabilities are presented as net amount after neutralization
Statement on deferred income tax assets and liabilities：
Unit：RMB
Temporarily Temporarily
Deferred Income Tax Deferred Income Tax
Deductable or Deductable or
Assets or Liabilities Assets or Liabilities
Items Taxable Difference at Taxable Difference at
at the End of Report at the Beginning of
the End of Report the Beginning of
Period Report Period
Period Report Period
Deferred income tax assets 13,984,082.87 13,499,461.84
15.Provision for depreciation of assets
Unit ：RMB
Decreased in this period
Book balance at the Increase in this Balance in
Items Switch
beginning of term period Switch back year-end
cancellation
I. Provision for bad debts 39,447,664.79 28,337.56 128,437.19 39,347,565.16
2 Inventory impairment
17,180,181.58 6,617,356.66 10,562,824.92
provision
5. Long-term equity
investment impairment 50,000.00 50,000.00
provision
7.Fixed asset impairment
3,236,295.13 3,236,295.13
provision
Total 59,914,141.50 28,337.56 128,437.19 6,667,356.66 53,146,685.21
Notes
16. Short-term loan
（1）Categories of short-term loans
Unit：RMB
93
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Balance in year-end Balance in year-Beginning
Items
Guarantee loan 1,590,000,000.00 400,000,000.00
Credit loan 85,000,000.00
Total 1,590,000,000.00 485,000,000.00
17. .Bills payable
Unit：RMB
Type At end of term At beginning of term
Bank acceptance 150,000,000.00
Total 150,000,000.00
18. Account payable
（1）Account payable
Unit：RMB
Items Balance in year-end Balance in year-begin
Account payable 86,338,023.42 74,567,022.25
Total 86,338,023.42 74,567,022.25
(2)The description of large-sum accounts payable with the age over 1 year:
Name Relationship Amount Age
Shanghai Dahe Weighing apparatus Not-related party 19,250,000.00 1-2 years
Co., Ltd
Qinhuangdao Tucheng Glass Not-related party 9,675,000.00 1-2 years
Technology Co., Ltd.
Qinhuangdao Yaohua Glass Mechanical Not-related party 5,362,000.00 1-2 years
Manufacture Co., Ltd.
19. Advance account
(1). Advance account
Unit：RMB
Items Balance in year-end Balance in year-begin
Advance account 921,780.70 25,520.70
Total 921,780.70 25,520.70
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
20. Payable Employee wage
Unit：RMB
Items Balance in year-begin Increase in this period Decrease in this period Balance in year-end
1.Wages, bonuses,
allowances and 5,422,778.66 83,036,526.03 79,555,997.45 8,903,307.24
subsidies
2.Employee welfare 3,812,873.93 3,812,873.93
3. Social insurance
728,476.01 9,152,920.60 9,451,145.84 430,250.77
premiums
(1)Medical insurance 629,807.05 1,479,388.61 2,081,434.68 27,760.98
(2)Basic old-age
11,900.45 6,626,733.94 6,388,006.37 250,628.02
insurance premiums
(3) Unemployment
16,747.09 262,397.40 227,527.37 51,617.12
insurance
（4）Work injury
70,021.42 128,828.55 101,068.04 97,781.93
insurance
（5）Maternity
655,572.10 653,109.38 2,462.72
insurance
IV. Public reserves
390,714.06 2,636,554.95 2,663,348.05 363,920.96
for housing
VI.Other 3,869,885.29 4,218,917.13 4,074,988.85 4,013,813.57
Union funds and
3,869,173.59 1,728,706.57 1,644,776.83 3,953,103.33
staff education fee
Other 711.70 2,490,210.56 2,430,212.02 60,710.24
Total 10,411,854.02 102,857,792.64 99,558,354.12 13,711,292.54
The amounts of arrears of staff salary and welfare payable are RMB 0 00.
The amounts of trade union funds and staff education expenses are RMB3,953,103.33, the amounts of
non-monetary benefits are RMB 0.00, and the compensations for the lifting of labor relations is 0
21. Tax Payable
Unit：RMB
Items At end of term At beginning of term
VAT -41,951,217.36 1,429,361.95
Business Tax 5,087,940.08 4,270,519.45
Enterprise Income tax 20,585,772.54 30,116,962.02
Individual Income tax 1,290,580.23 959,494.21
95
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
City Construction tax 620,510.99 727,097.29
House property Tax 1,405,253.71 367,589.45
Surcharge for education 399,591.27 475,994.26
Stamp tax 174.41 1,324.70
Tariff -7,094.15
Total -12,568,488.28 38,348,343.33
Statement on tax payable: Please provide the calculating processes then taxable income is balanced between branch companies or
factories as approved by the tax bureau.
The taxes and levies payable in current period changed greatly due to increase of retained tax on purchase.
22. Interest Payable
Unit：RMB
Items At end of term At beginning of term
Long-term loans interest of installment and interest
1,074,293.10 1,394,516.12
charge
Short term loan interest payable 378,612.92 9,725,903.20
Total 1,452,906.02 11,120,419.32
Notes
The ending balance of interest payable decreased in current period due to the Company's repayment of interest payable for previous
period.
23. Other payable
（1）Other payable
Unit：RMB
Items At end of term At beginning of term
Other payable 51,471,040.54 40,281,900.36
Total 51,471,040.54 40,281,900.36
(2)There were other receivable from the main shareholders of the Company holding more than 5% (including 5%)
of the total shares of the Company.
Unit ：RMB
Items At end of term At beginning of term
Shijiazhuang Baoshi Group 14,559,462.24
Total 14,559,462.24
（3）Statement on large amount other payable accounts due for over one year
Other payables with big amount aged over one year are mainly deposits on contracts.
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24..Other current liabilities
Unit：RMB
Items Year-end balance Year-Beginning balance
USD exchange 61,787,000.00 62,855,000.00
Project Subsidy 20,000.00 20,000.00
Total 61,807,000.00 62,875,000.00
Notes
Notes 1：The details of governmental subsidy for engineering projects are as follows:
Items Year-end balance Year-Beginning balance
Environmental protection subsidy for 20,000.00 20,000.00
Phase-II Glass Tube Project
Notes 2：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, 2012, the Group still consults with
the Exchange Unit on the returning of the exchange.
25. Long-term loan
（1）Long-term loans classifications
Unit：RMB
Items Year-end balance Year-Beginning balance
Mortagage loans 800,000,000.00 800,000,000.00
Toal 800,000,000.00 800,000,000.00
Notes
Notes 1：The long-term loan of RMB 800 million in total in current period is the project loan extended by Anhui Branch of
State Development Bank to Wuhu Dongxu Optoelectronic Technology Co., Ltd., a subsidiary of the Company. The term of the loan
is 8 years and its interest rate is 7.21%.
Notes 2：This long-term loan is both a mortgage loan and a guaranteed loan. (1) The collateral is two lots of land of Wuhu
Dongxu Optoelectronic Technology Co., Ltd. The original value and appraised value of this collateral are RMB 47.6607 million and
RMB 51.0645 million; (2) The guarantor of the loan is Wuhu Construction Investment Co., Ltd.
Notes 3: The Company had no due long-term loans to be repaid.
（2）The top five of long-term loans
Unit ：RMB
Year-end balance Year-beginning balance
Loans Loans ending Interest rate Amount of Amount of
Loan unit Currency Amount of Amount of
starting date date （%） foreign foreign
RMB RMB
currency currency
97
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
National
400,000,000. 400,000,000.
Development July 31, 2012 July 31, 2020 RMB 7.21%
00 00
Bank
National
September 200,000,000. 200,000,000.
Development July 31, 2020 RMB 7.21%
20, 2012 00 00
Bank
National
October 29, 200,000,000. 200,000,000.
Development July 31, 2020 RMB 7.21%
2012 00 00
Bank
800,000,000. 800,000,000.
Total -- -- -- -- -- --
00 00
Statement on long-term loans. For long-term loans over due but extended for another period, please provide the conditions,
principal, interest rate, and repayment arrangement.
26.Other Non-current liabilities
Unit：RMB
Items Year-end balance Year-Beginning balance
Government Subsidy 33,724,000.00 35,734,000.00
Total 33,724,000.00 35,734,000.00
Statement on other non-current liabilities, including asset-related and income-related government subsidy and closing balances:
Notes 1: Some projects of the Company complied with national preferential policies and some national subsidies were received.
Notes 2 : Government subsidies for details:
Items Year-end balance Year-Beginning balance
Govermment infrastructure subsidies of Wuhu Dongxu Optoelectronic 33,669,000.00 33,669,000.00
Technology Co., Ltd.
Environmental protection subsidy for Glass Tube Project of Wuhu 2,000,000.00
Dongxu Optoelectronic Technology Co., Ltd.
Environmental protection subsidy for Phase-II Glass Tube Project 55,000.00 65,000.00
Total 33,724,000.00 35,734,000.00
Notes 3： Other non-current liabilities in current period increased by mainly due to the increase of governmental subsidy
obtained in current period.
27. .Stock capital
Unit:RMB
Balance Increase/decrease this time (+ , - ) Balance
98
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Year-beginning Issuing of new Transferred year-end
Bonus shares Other Subtotal
share from reserves
Total of capital
383,000,000.00 520,000,000.00 520,000,000.00 903,000,000.00
shares
Statement of change in capital shares. Name of CPA and number of verification report shall be provided if capital increasing or
decreasing occurred in the report period; as for shareholding limited companies incorporated for less than three years, only net assets
is required for the years prior to incorporation; for shareholding limited companies reformed from limited companies shall provide
the capital verification at incorporation.
Approved by CSRC with the Approval of Private Issue of Shares by Shijiazhuang Baoshi Electronic Glass Co., Ltd. (Zheng
Jian Xu Ke (2012) No. 1661 Document), the Company privately issued 520 million shares at the price of RMB 9.69 per share and
raised proceeds of RMB 5038.80 million in total. After deduction of issuance cost of RMB 77.736 million, the net amount of raised
proceeds was RMB 4961.064 million. RMB 520.00 million was accounted for as share capital and the balance was accounted for as
capital surplus.
The above-mentioned raised proceeds have been verified by Zhongxing Caiguanghua Certified Public Accountants Co., Ltd.
by issuing ZXCGHSYZ (2013) No. 5003 Capital Verification Report.
28. Capital reserves
Unit：RMB
Decrease in the current
Items Year-beginning balance Increase in the current Year-end balance
period
Share premium 355,857,851.87 4,518,800,000.00 77,486,578.66 4,797,171,273.21
Other 48,307,831.47 48,307,831.47
Total 404,165,683.34 4,518,800,000.00 77,486,578.66 4,845,479,104.68
Statement on capital reserves：
Notes ： Capital surplus increased mainly due to premium on private secondary issue of shares by the Company in current
period. The total amount of raised proceeds is RMB 5038.80 million. After deduction of sponsoring and underwriting fee and other
issuance cost, the net amount of actually raised proceeds was RMB 4961.064 million. RMB 520.00 million was accounted RMB as
share capital and the balance was accounted RMB as capital surplus.
29. Surplus reserve
Unit ：RMB
Decrease in the current
Items Year-beginning balance Increase in the current Year-end balance
period
Statutory surplus reserve 27,454,788.05 27,454,788.05
Total 27,454,788.05 27,454,788.05
Statement on surplus reserves. Please state the related resolutions of the Board on capitalizing of reserves, making up losses, and
dividends：
99
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30. Retained profits
Unit：RMB
Extraction or distribution of
Items Amount
the proportion
Before adjustments: Retained profits at the period end -422,691,693.55 --
After adjustments: Retained profits at the period beginning -422,691,693.55 --
Add：Net profit belonging to the owner of the parent
113,976,912.91 --
company
Retained profits at the period end -308,714,780.64 --
As regards the details of adjusted the beginning undistributed profits
(1)As the retroactive adjustment on Enterprise Accounting Standards and its related new regulations, the affected beginning
undistributed profits are RMB 0.00.
(2) As the change of the accounting policy, the affected beginning undistributed profits are RMB 0.00.
(3) As the correction of significant accounting error, the affected beginning undistributed profits are RMB 0.00 .
(4) As the change of consolidation scope caused by the same control, the affected beginning undistributed profits are RMB 0.00.
(5) Other adjustment of the total affected beginning undistributed profits are RMB 0.00 .
Statement on retained profit: for companies issued their securities for the first time, if the accumulated profit before the issuing is
shared by the new and existing shareholders as approved by the shareholders’ meeting, shall be described particularly; if the
accumulated profit before the issuing is shared only by existing shareholders as approved by the shareholders’ meeting, the Company
shall provide the details of dividend payable to the existing shareholders as audited by CPA.
31. Business income, Business cost
（1）Operating income and operating cost
Unit ：RMB
Items Amount of current period Amount of previous period
Income from Business income 213,803,359.48 302,576,981.35
Other business income 41,238,994.60 58,778,764.82
Business cost 108,592,058.10 193,280,345.36
（2）Main business（Production）
Unit：RMB
Amount of current period Amount of previous period
Name
Business income Business cost Business income Business cost
100
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Glass plain Equipment and
203,822,376.95 70,050,360.75 276,881,231.97 125,963,789.00
Technology services
Glass tube sale 5,480,526.00 4,224,274.96
Part sale 7,556,862.49 4,939,034.39 17,389,115.54 9,048,169.63
Construction installation 2,424,120.04 2,215,330.75 2,826,107.84 1,894,737.08
Total 213,803,359.48 77,204,725.89 302,576,981.35 141,130,970.67
（3）Main Business（Area）
Unit：RMB
Amount of current period Amount of previous period
Name
Business income Business cost Business income Business cost
Domestic 212,979,027.38 76,600,102.07 302,576,981.35 141,130,970.67
Overseas 824,332.10 604,623.82
Total 213,803,359.48 77,204,725.89 302,576,981.35 141,130,970.67
（4）Total income and the ratio of operating income from top five clients
Unit：RMB
Name Business Income Proportion(%)
Dongxu（Yingkou）Optoelectronic Display Co., Ltd. 95,314,892.69 44.58%
Shijiazhuang Xuxin Optoelectronic Technology Co., Ltd. 88,152,406.84 41.23%
Zhengzhou Xufei Optoelectronic Technology Co., Ltd. 20,109,097.42 9.41%
Hebei jiangong Group Co., Ltd 1,884,120.04 0.88%
Hebei Shengshi Machine Instrument Group Co., Ltd. 1,580,728.00 0.74%
Total 207,041,244.99 96.84%
Notes
Operating income and operating cost increased in current period mainly due to the increase of glass substrate equipment and
technical services in current period.
32. Business tax and subjoin
Unit ：RMB
Amount of previous
Items Amount of current period Standard
period
Business tax 1,046,128.51 9,714,941.79 5%或 3%
Urban construction tax 1,722,775.59 1,806,948.47 7%
Education surcharge 1,238,668.37 1,290,677.46 5%
Total 4,007,572.47 12,812,567.72 --
101
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Notes
Due to the decrease of sales income, relevant taxes payable decreased correspondingly.
33.Sales expenses
Unit：RMB
Items Amount of current period Amount of previous period
Wage and additional cost 2,092,334.28 325,998.71
Business expenses 177,563.30 29,548.00
Lobor protection fee 107,000.00
Office fees 56,645.34 2,907.52
Travel fees 323,879.00 62,028.80
Publicize Fees 695,752.40 824,718.90
Miscellaneous charges 229,132.41 93,619.68
Other 137,963.08 31,501.35
Total 3,820,269.81 1,370,322.96
34.Administrative expenses
Unit:RMB
Items Amount of current period Amount of previous period
Wage and additional cost 13,471,259.15 7,642,584.64
Business expenses 1,727,820.99 4,959,607.71
Lobor protection fee 1,400,016.27 1,690,102.70
Office fees 10,147,106.58 7,676,456.50
Travel fees 1,408,300.53 1,223,511.87
Publicize Fees 1,893,946.00 795,852.56
Miscellaneous charges 28,340.53 163,569.65
The Taxes 3,590,732.23 1,376,164.52
Depreciation accumulative 4,156,044.46 3,131,565.15
Amortization of intangible assets 645,948.30 324,130.43
Disquisition fees 189,448.47
Consultation fees 3,214,079.46 413,948.27
Rental fees 2,081,167.13
Land use tax
Water and electricity expense 6,085,860.32 138,447.10
102
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Property fees 63,476.86
Local water conservancy construction fund 55,805.66
Other 4,704,033.22 1,758,689.05
Total 52,662,936.51 33,495,079.80
35. Financial Expenses
Unit：RMB
Items Amount of current period Amount of previous period
Interest expenses 313,890.94 6,154.96
Less：Interest income -4,616,382.56 -130,595.12
Add：Exchange loss 2,000,011.13 -427,130.19
Finance Organization expenses 153,422.44 37,324.30
Other 2,833.00 6,433.24
Total -2,146,225.05 -507,812.81
36. Loss of assets impairment
Unit：RMB
Items Amount of current period Amount of previous period
.Loss for bad debts -100,099.63 -249,987.09
Total -100,099.63 -249,987.09
37. Non-operating income
（1）Non-operating income
Unit：RMB
The amount of
Items Amount of current period Amount of previous period
non-operating gains & losses
Total income from liquidation of
450.00
non-current assets
Including：Income from liquidation of
450.00
fixed asset
Govemment Subsidy 105,042,368.45 8,148.00
Other 3,048,438.28 310,552.96
Total 108,090,806.73 319,150.96
（2）Governmental subsidy details
Unit：RMB
103
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Amount of previous
Items Amount of current period Notes
period
Receipt of fund subsidy from Treasury
Government Subsidy 62,000,000.00
Payment Center
Received business tax refunded by tax
Revenue return 43,042,368.45
bureau
Establishment registration fee refunded
Finance subsidy 8,148.00 by Wuhu Economic and Technological
Development Area
Total 105,042,368.45 8,148.00 --
Notes
38. Non-Operation expense
Unit：RMB
The amount of
Amount of previous
tems Amount of current period non-operating gains &
period
losses
Fine expenses 18,100.00
Other 510,606.03
Total 510,606.03 18,100.00
39. Income tax expenses
Unit：RMB
Items Amount of current period Amount of previous period
Income tax at current period according to taxation and related
56,016,767.76 31,597,490.41
regulation
Adjustment of Deferred income tax -484,621.04
Total 55,532,146.72 31,597,490.41
40. Calculation of Basic earnings per share and Diluted earnings per share
Calculation of earnings per share Calculation Amount of current period
Net profit attributable to shareholders of parent company p 113,967,626.00
Weighted average number of common shares issued externally s 556,333,333.33
104
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Earnings per share-basis p/s 0.20
There is no dilutive potential common shares
Net profit attributable to shareholders of parent company c 113,967,626.00
Weighted average number of common shares issued externally d 556,333,333.33
Earnings per share-diluted c/d 0.20
Earnings per share= Net profit for common shareholders of the Company/ weighted average share capital=113,967,626.00/
(383,000,000.00+ 520,000,000.00*2/6)= 0.20
As potentially dilutive ordinary shares are not dilutive, dilutive earnings per share equals to basic earnings per share. Thus, dilutive
earnings per share = Basic earnings per share = Net profit for common shareholders of the Company / weighted average share capital
=113,967,626.00/ (383,000,000.00+ 520,000,000.00*2/6)= 0.20
41. Notes Cash flow statement
（1）Other cash received from business operation
Unit：RMB
Items Amount
Current account 529,692.74
Interest income 63,059.06
Government subsidy 62,000,000.00
Other 30,605,882.40
Total 93,198,634.20
Notes
（2）Cash received related to other investment activities
Unit：RMB
Items Amount
Business expenses 1,842,349.69
Labor protection cost 905,641.60
Advertisement fee 2,082,625.20
Travel fees 1,602,810.37
Information system fee 189,179.24
Automobile fee 1,348,443.64
Meeting fee 5,849,733.60
Agency fee 3,205,079.46
Advertise fee 400,366.04
105
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Board of directors expenses 60,000.00
Office fee 4,754,442.25
Water and electricity expense 6,073,291.52
Current account 102,115,300.80
Damage 500,000.00
Other 1,107,834.32
Total 132,037,097.73
Notes
（3）Cash received related to financing activities
Unit：RMB
Items Amount
Interest income 4,388,661.78
Total 4,388,661.78
Notes
（4）Cash paid related to financing activities
Unit：RMB
Items Amount
Bank charges 45,356.35
Sponsor underwriting fee 2,000,000.00
Audit cost 1,920,000.00
Lawyer fee 4,900,000.00
Information disclosure fee 414,000.00
Equity registration fee 502,000.00
Total 9,781,356.35
Notes
42. Supplement Information for cash flow statement
（1）Supplement Information for cash flow statement
Unit :RMB
Supplement Information Amount of current period Amount of previous period
I. Adjusting net profit to cash flow from operating activities -- --
Net profit 140,253,895.85 89,858,790.78
Add: Impairment loss provision of assets -100,099.63 -249,987.09
Depreciation of fixed assets, oil and gas assets and
6,556,876.10 5,814,474.59
consumable biological assets
106
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Amortization of intangible assets 646,181.64 322,430.45
Financial cost -4,146,236.18 -430,453.87
Decrease of deferred income tax assets -484,621.03
Decrease of inventories -54,627,544.35 -27,028,769.03
Decease of operating receivables -898,243,109.12 -287,857,220.88
Increased of operating Payable -106,904,328.97 171,655,014.37
Net cash flows arising from operating activities -917,048,985.69 -47,915,720.68
II. Significant investment and financing activities that
-- --
without cash flows:
3．Changes Balance of cash and cash equivalents -- --
Ending balance of cash 3,899,764,536.83 50,749,160.02
Less: Beginning balance of cash 110,770,070.84 15,847,225.73
Net increase of cash and cash equivalents 3,788,994,465.99 34,901,934.29
（2）Composition of cash and cash equivalents
Unit ：RMB
Items Balance in year-end Balance in year-Beginning
I. Cash 3,899,764,536.83 110,770,070.84
Of which: Cash in stock 285,097.11 155,430.68
Bank savings could be used at any time 3,748,028,338.04 110,614,640.16
Other monetary capital could be used at any time 151,451,101.68
III. Balance of cash and cash equivalents at the period end 3,899,764,536.83 110,770,070.84
Notes
8、Related party and related party transactions
1. Parent company information of the enterprise
Unit ：RMB
The parent The
The parent
company ultimate
Legal Regis company Organizati
Related Registered of the controlling
Name Type representat Nature rated of the on Code
parties address Company's party of
ive capital Company’
shareholdi the
s vote ratio
ng ratio Company
No.369,
Holding Limited
Dongxu Zhujiang Li Productio 586,000,00 Li 76813036
Shareholde Liability 14.4% 14.4%
Group Road, Zhaoting n 0.00 Zhaoting 3
r Company
High-tech
107
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
zone,
Shijiazhua
ng
Notes
2.Particulars of the subsidiaries
Unit :RMB
The
The
subsidiaries
Legal subsidiaries Organizatio
Related Registered Registered of the
ame Type representati Nature of the n Code
parties address capital Company's
ve Company’s
shareholdin
vote ratio
g ratio
9 Huanghe
Road,
Hebei
Shijiazhuan
Xubao
g High-tech
Constructio Limited Constructio
Controlling Industrial 8,000,000.0
n Liability Li Zhaoting n 100% 100% 564858483
subsidiary Developme 0
Installation Company Installation
nt Area,
Engineering
Shijiazhuan
Co., Ltd.
g, Hebei
Province
9 Huanghe
Road,
Shijiazhuan
Shijiazhuan g High-tech
Limited
g Colour Controlling Industrial Shang 540,680,000
Liability Production 81.26% 81.26% 236042258
Bulb Co., subsidiary Developme Jinbin .00
Company
Ltd. nt Area,
Shijiazhuan
g, Hebei
Province
Wuhu 3/F, Wuhu
Dongxu Economy
Other
Optoelectro Technology
Controlling Limited Manufacturi 16,400,000.
nic Developme Li Zhaoting 70.12% 70.12% 58723108-5
subsidiary Liability ng 00
Equipment nt Zone,
Company
Technology Managemen
Co., Ltd. t Committee
Wuhu No.36,
Controlling Personal li Li Zhaoting Manufacturi 2,000,000,0 100% 100% 58723116-5
Dongxu Daowei 2
108
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Optoelectro Road,
subsidiary mited ng 00.00
nic Wanchun
liability co
Technology Street ,
mpany
Co., Ltd. Wuhu
Economy
Technolog
y
Developm
ent Zone
1/F, No.1
Business
tower,
Huazhong
Wuhan Shuguang
Dongxu Software
Limited
Optoelectro Controlling park, Manufacturi 5,000,000.0
Liability Li Zhaoting 62.5% 62.5% 591083046
nic subsidiary No.1Guans ng 0
Company
Technology han
Co., Ltd. Road,Dong
hu
Developme
nt Zone,
Wuhan
3. Other Related parties information of the enterprise
Relation of other Related parties with the
Other Related parties name Organization code
company
Shijiazhuang Baoshi Electronic Group Co., Ltd. Controlled by the same parent company 10441204-2
Shijiazhuang Baoshi Electronic vacuum Glass Co., Ltd. Controlled by the same actual controller 601903109
Shijiazhuang Baoshi Large-diameter plastic tube Co., ltd. Controlled by the same actual controller 700820907
Shijiazhuang Baoshi Zhonghe Steel Plastic Shape Co., Ltd. Controlled by the same actual controller 601125212
Shijiazhuang Baoshi Xuming Tube Co., Ltd. Controlled by the same actual controller 723378699
Shijiazhuang Baodong Electronic Co.,Ltd. Controlled by the same actual controller 601008876
Controlled by the same actual controller
Hebei Baoshi Lighting Co., Ltd. 662202883
company
Shijiazhuang Xuxin Optoelectronic Technology Co., Ltd. Controlled by the same actual controller 694655991
Zhengzhou Xufei Optoelectronic Technology Co., Ltd. Controlled by the same actual controller 68974956-3
Dongxu（Yingkou）Optoelectronic Display Co., Ltd. Controlled by the same parent company 57429899-3
Jinhou Xulong Solar energy Technology Co., Ltd. Controlled by the same parent company 56137578-5
109
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Sichuan Xuhong Optoelectrnic Technology Co., Ltd Controlled by the same parent company 55348403-3
Chengdu Dongxu Energy Technology Co.,Ltd. Controlled by the same parent company 58001686-8
Shijiazhuang Dongxu Machine Equipment Co., Ltd. Controlled by the same actual controller 66529153-5
Notes
4. Related transactions.
（1）Related transactions on purchasing goods and receiving services
Unit：RMB
Amount in current period Amount in last period
Content of related Pricing principle of
Related parties Proportio Proportio
transaction related transactions Amount Amount
n（%） n（%）
Shijiazhuang Baoshi
Reference price
Large-diameter Carat tube 1,781,750.43 100%
setting
plastic tube Co., ltd.
Shijiazhuang Baoshi
Reference price
Electronics Group Process expenses 50,225.21 100%
setting
Co., Ltd.
Chengdu Dongxu
Electrodeless lamp, Reference price
Energy Technology 2,480,216.16 100%
LED lamp setting
Co.,Ltd.
Shijiazhuang Baoshi
Reference price
Electronics Group Energy 2,392,034.16 100%
setting
Co., Ltd.
Related transactions on sale goods and receiving services
Unit:RMB
Amount in current period Amount in last period
Content of related Pricing principle of
Related parties Proportio Proportio
transaction related transactions Amount Amount
n（%） n（%）
R&D
Costs+Production
line material
cost+Production
Dongxu （Yingkou）High-Display line integration
Optoelectronic production line cost+Management 95,314,892.69 46.76% 120,700,000.00 43.19%
Display Co., Ltd. Equipment Cost and sales
costs+
commissioning of
production
line+after sale
110
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
service cost+
Reasonable profit
R&D
Costs+Production
line material
cost+Production
line integration
Zhengzhou Xufei High-Display
cost+Management
Optoelectronic production line
Cost and sales 20,109,097.42 9.87% 76,250,027.69 27.28%
Technology Co., Equipment
costs+
Ltd. Construction
commissioning of
production
line+after sale
service cost+
Reasonable profit
R&D
Costs+Production
line material
cost+Production
line integration
Shijiazhuang Xuxin
High-Display cost+Management
Optoelectronic
production line Cost and sales 88,152,406.84 43.25%
Technology Co.,
Equipment installation costs+
Ltd.
commissioning of
production
line+after sale
service cost+
Reasonable profit
Reference price
Dongxu Group A-frame 4,940,000.00 51.27%
setting
Overflow brick Reference price
Dongxu Group 13,615,000.00 100%
processing setting
Construction Reference price
Dongxu Group 2,700,000.00 90.82%
installation, labour setting
Shijiazhuang Baoshi
Construction Reference price
Electronics Group 79,000.00 2.66%
installation, labour setting
Co., Ltd.
Shijiazhuang Baoshi
Construction Reference price
Large-diameter 151,900.00 6.42%
installation, labour setting
plastic tube Co., Ltd.
Shijiazhuang
A-frame Reference price 3,000,000.00 31.14%
Dongxu Machine
111
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Co., Ltd.
setting
Zhengzhou Xufei
Reference price
Optoelectronic A-frame 3,290,598.30 51.48%
setting
Technology Co., Ltd
Shijiazhuang Baoshi
Reference price
Electronics Group Processing 23,470.08 0.37% 451,328.23 100%
setting
Co., Ltd.
Shijiazhuang Baoshi
Reference price
Electronics Group Lead Tube 5,480,526.00 100%
setting
Co., Ltd.
Shijiazhuang Baoshi
Reference price
Electronics Group Labour serves 3,096,782.91
setting
Co., Ltd.
Sichuan Xuhong
Reference price
Optoelectrnic A-frame 631,623.93 9.88% 1,695,000.00 17.59%
setting
Technology Co., Ltd.
Sichuan Xuhong
Construction Reference price
Optoelectrnic 1,884,120.04 77.72% 82,515,400.00 29.53%
installation setting
Technology Co., Ltd.
Shijiazhuang Xuxin
Construction Reference price
Optoelectronic 540,000.00 22.28%
installation setting
Technology Co., Ltd
Shijiazhuang
Labour and sales Reference price
Baodong Electrinic 166,337.03
Goods setting
Co.,Ltd
（2）Related trusteeship or contracting
Related trusteeship or contracting in which the Company is the undertaker
Unit：RMB
Gains from the
Name of the Name of the Asset situation of
Start date Terminating date Pricing basis deal in report
employer undertaker the undertaker
period
Dongxu Group Trusteeship costs
Co.,Yingko include basic
Yanhai management fees
Development Dongxu and incentive
Shijiazhuang
Construction Co., （Yingko） management
Baoshi Electronic January, 2012 750,000.00
Ltd., Minerals Optoelectronic fees(0.5
Glass Co., Ltd.
(Yingko) Industry Display Co., Ltd. million/years),
Park including basic
Development management fee
Co., Ltd. of 1 million per
112
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
year, incentive
management fees
per year managed
company with net
operating profit
after tax of 5%
calculation
Trusteeship costs
include basic
management fees
Dongxu and incentive
Optoelectrnic management
Investment Co., fees(0.5
Ltd.,Henan million/years),
Shijiazhuang Zhenzhou Xufei
State-owned including basic
Baoshi Optoelectronic
Assets March, 2012 management fee 750,000.00
Electronic Technology Co.,
Management Co., of 1 million per
Group Co., Ltd. Ltd
Ltd.,Zhengzhou year, incentive
Investment management fees
Holdings Co., per year managed
Ltd. company with net
operating profit
after tax of 5%
calculation
Trusteeship costs
include basic
management fees
and incentive
Dongxu Group management
Co., Mianyang fees(0.5
Investment million/years),
Sichuang Xuhong
Development Shijiazhuang including basic
Optoelectronic
(Group) Co., Baoshi Electronic March, 2012 management fee 750,000.00
Technology Co.,
Ltd., Sichuan Glass Co., Ltd. of 1 million per
Ltd.
Changhong year, incentive
Electrical Co., management fees
Ltd. per year managed
company with net
operating profit
after tax of 5%
calculation
Shijiazhuang Shijiazhuang Shijiazhuang Trusteeship costs
March, 2012 750,000.00
Baoshi Electronic Baoshi Electronic Xuxin include basic
113
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Group Co., Glass Co., Ltd. Optoelectronic management fees
Ltd.,Shijiazhuang Technology Co., and incentive
High Lanhu Ltd. Business management
Investment Co., right fees(0.5
Ltd., million/years),
Shijiazhuang including basic
State Holding management fee
Investment Co., of 1 million per
Ltd. year, incentive
management fees
per year managed
company with net
operating profit
after tax of 5%
calculation
Related trusteeship or outsourcing in which the Company is the employer
Notes
Entrusted with the management of Dongxu(Yingkou) Optoelectronic display Co., Ltd., Zhengzhou Xufei Optoelectronic Technology
Co., Ltd. , Sichuan Xuhong Optoelectronic Technology Co., Ltd., Shijiazhuang Xuxin Optoelectronic Technology Co., Ltd. Business
right.
On December 2011, Dongxu Group, and Dongxu Optoelectronic Investment Co., Ltd. and Shijiazhuang Baoshi Group Co.
responsibility company has and company signed has equity managed agreement, respectively will its holds Dongxu(Yingkou)
Optoelectronic Display limited 60% of equity, and Sichuan Xuhong Optoelectronic Technology Co., Ltd. 51% of equity, and
Zhengzhou Xufei Optoelectronic Technology Co., Ltd. 40% of equity and Shijiazhuang Xuxin Optoelectronic Technology Co., Ltd.
limited 50% of equity delegate to company management.The agreement came into effect from March 2012. The annual management
fee paid by the entrusting party to the Company is RMB 0.5 million for each trusted object.
（3）Related leasing
The Company is the lender
Unit：RMB
Rental
Name of the Name of the Category of asset
Starting date Stop date Pricing basis recognized in the
owner tenant for rent
period
Shijiazhuang
Shijiazhuang
Baoshi Electronic December 31,
Colour Bulb House January 1, 2013 Lease contract 1,122,283.75
vacuum Glass 2014
Co., Ltd.
Co., Ltd.
Shijiazhuang
Shijiazhuang
Baodong December 31,
Colour Bulb House January 1, 2013 Lease contract 218,452.50
Electronic Co., 2014
Co., Ltd.
Ltd.
Shijiazhuang Shijiazhuang December 31,
House January 1, 2013 Lease contract 153,564.63
Baoshi Electronic Baoshi Electronic 2014
114
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Glass Co., Ltd. vacuum Glass
Co., Ltd.
Shijiazhuang Shijiazhuang
December 31,
Baoshi Electronic Baoshi Group House January 1, 2013 Lease contract 903,645.10
2014
Glass Co., Ltd. Co., Ltd.
Shijiazhuang
Shijiazhuang Baoshi
December 31,
Baoshi Electronic Large-diameter Land January 1, 2013 Lease contract 303,863.00
2014
Glass Co., Ltd. plastic tube Co.,
ltd.
Shijiazhuang
Shijiazhuang Baoshi
December 31,
Baoshi Electronic Large-diameter House January 1, 2013 Lease contract 67,068.75
2014
Glass Co., Ltd. plastic tube Co.,
ltd.
Shijiazhuang
Shijiazhuang
Baoshi Zhonghe December 31,
Baoshi Electronic House January 1, 2013 Lease contract 863,772.50
Steel Plastic 2014
Glass Co., Ltd.
Shape Co., Ltd.
Shijiazhuang Shijiazhuang
December 31,
Baoshi Electronic Baoshi Xuiming House January 1, 2013 Lease contract 603,892.50
2014
Glass Co., Ltd. Tube Co., Ltd.
Hebei Baoshi
Shijiazhuang
Energy saving December 31,
Baoshi Electronic House January 1, 2013 Lease contract 415,096.25
lighting 2014
Glass Co., Ltd.
technology Co.
Shijiazhuang Shijiazhuang
Baoshi Electronic Baoshi Group House October 1, 2008 Agreement 663,416.28
Glass Co., Ltd. Co., Ltd.
Shijiazhuang Shijiazhuang
Baoshi Electronic Baoshi Group Equipment October 1, 2008 Agreement 124,239.51
Glass Co., Ltd. Co., Ltd.
The Company is the undertaker
Unit：RMB
Rental
Name of the Name of the Category of asset
Starting date Stop date Pricing basis recognized in the
owner tenant for rent
period
Shijiazhuang
Shijiazhuang
Baoshi Electrinic
Baoshi Electrinic House August 1, 2011 July 31, 2014 Lease contract 132,000.00
vacuum Glass
Glass Co., Ltd.
Co., Ltd.
115
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Shijiazhuang Shijiazhuang
Baoshi Electronic Baoshi Electrinic Equipment August 1, 2011 July 31, 2014 Lease contract 900,000.00
Glass Co., Ltd. Glass Co., Ltd.
Notes
5. Payables and receivables of the related party
Listed company related party fund
Unit：RMB
Amount at year end Amount at year beginning
Name Related party
Balance of Book Bad debt Provision Balance of Book Bad debt Provision
Dongxu （Yingkou）
Account receivable Optoelectronic Display 187,338,470.46 76,320,046.01
Co., Ltd.
Zhengzhou Xufei
Account receivable Optoelectronic Technology 66,403,240.58 268,860,472.72
Co., Ltd.
Shijiazhuang Dongxu
Account receivable Machine Equipment Co., 1,500,000.00
Ltd.
Sichuang Xuhong
Account receivable Optoelectronic Technology 84,714,403.52 84,367,334.00
Co., Ltd.
Account receivable Dongxu Group 500,000.00 5,796,936.00
Shijiazhuang Xuxin
Account receivable Optoelectronic 221,922,880.01 128,814,661.76
Technology Co., Ltd.
Dongxu Optoelectronic
Account receivable 250,000.00 416,667.00
Investment Co., Ltd.
Shijiazhuang Baoshi
Account receivable 585,572.85
Group
Shijiazhuang Baoshi
Other receivable Large-diameter plastic 1,303,031.25 59,000.00
tube Co., ltd.
Hebei Baoshi Energy
Other receivable saving lighting technology 238,504.75 2,301,183.00
Co., Ltd.
Shijiazhuang Baoshi
Other receivable 1,122,283.75 1,755,412.35
Electrinic vacuum Glass
116
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Co., Ltd.
Shijiazhuang Baoshi
Other receivable 169,556.60 573,584.59
Xuiming Tube Co., Ltd.
Shijiazhuang Baoshi
Other receivable 504,663.50
Zhonghe Co., Ltd.
Shijiazhuang Baoshi
Prepayable account 1,155,052.00 170,000.00
Xuiming Tube Co., Ltd.
Prepayable account Dongxu Group 10,896,710.80
Hebei Baoshi Energy
Prepayable account saving lighting technology 5,460,684.00 18,000.00
Co., Ltd.
Shijiazhuang Baoshi
Prepayable account Large-diameter plastic 808,738.50
tube Co., ltd
Shijiazhuang Baoshi
Prepayable account 14,536,043.55 16,485,598.87
Group
Chengdu Taiyisi
Prepayable account Solarenergy Technology 7,000,000.00
Co., ltd.
The listed company Payables of the related party
Unit：RMB
Amount at year end Amount at year beginning
Name Related party
Chengdu Dongxu Energy Technology
Account payable 2,032,659.70
Co., Ltd.
Shijiazhuang Baoshi Electronic vacuum
Account payable 5,565,716.42 5,827,821.56
Glass Co., Ltd.
Hebei Baoshi Energy saving lighting
Advance account 150,000.00
technology Co., Ltd.
Other payable Shijiazhuang Baoshi Group 14,559,462.24
Jinzhou Xulong Solar energy
Other payable 1,500,000.00 1,500,000.00
Technology Co., Ltd.
9..Notes s of main items in financial reports of parent company
1.Account receivable
（1）Account receivable
Unit：RMB
117
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Year-end balance Year-beginning balance
Book Balance Provision for bad debts Book Balance Provision for bad debts
Type
Propo
rtion Proporti Proporti Proporti
Amount % Amount on% Amount on% Amount on%
Receivables with major
individual amount and bad
debt provision provided
individually receivables 23.53
14,703,510.32 14,703,510.32 100% 14,703,510.32 33.99% 14,703,510.32 100%
with major individual %
amount and bad debt
provision provided
individually
Receivables provided bad debt provision in groups
Account age group 28,364,018.08 45.4% 9,331,537.33 32.9% 9,454,274.52 21.86% 9,425,936.96 99.7%
31.07
Other Group 19,411,656.79 19,096,125.35 44.15%
%
76.47
Subtotal of group 47,775,674.87 9,331,537.33 19.53% 28,550,399.87 66.01% 9,425,936.96 33.02%
%
Total 62,479,185.19 -- 24,035,047.65 -- 43,253,910.19 -- 24,129,447.28 --
Notes
Receivable accounts with large amount individually and bad debt provisions were provided.
√Applicable □Not applicable
Unit：RMB
Description of the receivable accounts Book balance Bad debt provision Rate Reason to provide
Tianjing Anjing Electronic Glass Co.,
8,041,810.32 8,041,810.32 100% Over 5 years
Ltd
Baoshi TV Factory 6,661,700.00 6,661,700.00 100% Over 5 years
Total 14,703,510.32 14,703,510.32 -- --
Receivable account in Group on which bad debt provisions were provided on age basis：
√Applicable □Not applicable
Amount in year-end Amount in year- begin
Book Balance Book Balance
Account age Bad debt Bad debt
Proportion( Proportion(
Amount provision Amount provision
%) %)
Within 1 year
Including：Within credit 19,032,480. 67.1%
118
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
period 75
Within 1 year after credit 19,032,480.
67.1%
period 75
9,331,537.3 9,454,274.
Over 5 years 32.9% 9,331,537.33 100% 9,425,936.96
3 52
28,364,018. 9,454,274.
Total -- 9,331,537.33 -- 9,425,936.96
08 52
Receivable account in Group on which bad debt provisions were provided on percentage basis：
□Applicable √Not applicable
Receivable account in Group on which bad debt provisions were provided on other basis：
√Applicable □Not applicable
Unit ：RMB
Name Book balance Amount of bad debt
Other Group 19,411,656.79
Total 19,411,656.79
In the current report period, Separate amount is not large, the account receivable with big combination risk after
combined via risk character:
□Applicable√Not applicable
（2）Switch back or regain of the account receivable in the reporting period
Unit :RMB
Accumulated provision
Basis for determination
Contents of account Reason for reversal of of bad debt reserve Amounts reversed or
of original bad debt
receivable recovery before reversal or recovered
reserve
recovery
Partial recovery of Unrecoverable accounts
Nanjing Huafei 600,000.00 122,737.19
accounts aged over5 years
Total -- -- 600,000.00 --
No individually insignificant receivables with bad debt provision recognized individually at the end of period.
Unit ：RMB
Bad debt
Name Balance of book Proportion(%) Reason
provision
Notes
（3）Receivable accounts actually written off in the report period
Notes
None
119
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
（4）Particulars about the receivable accounts due from shareholders with 5% or over of the Company’s shares in
the report period
Unit：RMB
Amount in year end Amount in year-beginning
Name
Book balance Bad debt provision Book balance Bad debt provision
Dongxu Group 500,000.00 5,796,936.00
Total 500,000.00 5,796,936.00
（5）The front 5 units’ information of the account receivable
Unit ：RMB
Relation with the Portion in total other
Name Amount Ages
Company receivables (%)
Chengdu Guangming Paite Noble
Non-Related parties 27,456,595.00 Within 1 year 43.95%
metal Co., Ltd.
Tianjing Anjing Electronic Glass Co.,
Non-Related parties 8,041,810.32 Over 3 years 12.87%
Ltd.
Baoshi TV Factory Non-Related parties 6,661,700.00 Over 3 years 10.66%
Anyang Xinyi Electronic Glass Co.,
Non-Related parties 3,796,390.00 Over 3 years 6.08%
Ltd.
Hebei Shengshi Machine Instrument
Non-Related parties 1,705,074.83 Over 3 years 2.72%
Group Co., Ltd.
Total -- 47,661,570.15 -- 76.28%
（6）Account receivable from Related parties
Unit：RMB
Unit name Relation with the Amount Percentage of account
company receivable
Dongxu Group Related parties 500,000.00 0.8%
Dongxu Optoelectronic Investment Co., Ltd. Related parties 250,000.00 0.4%
Shijiazhuang Xuxin Optoelectronic Technology
Related parties 500,000.00 0.8%
Co., Ltd.
Dongxu (Yingkou) Optoelectronic Display Co., Ltd. Related parties 500,000.00 0.8%
Zhengzhou Xufei Optoelectronic Technology Co.,
Related parties 499,999.67 0.8%
Ltd.
Sichuan Xuhong Technology Co., Ltd. Related parties 618,403.52 0.99%
Total -- 2,868,403.19 4.59%
120
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
2.Other receivable
（1）Other receivable
Unit：RMB
Year-end balance Year-beginning
Provision for bad
Book balance Provision for bad debts Book balance
debts
Classification
Propo Propo Propo Propo
Amount rtion( Amount rtion( Amount rtion( Amount rtion(
%) %) %) %)
Other Receivables provided bad debt provision in groups
Account age group 4,456,875.34 0.81% 4,456,875.34 100% 4,462,575.34 43.9% 4,462,575.34 100%
99.19
Other Group 547,422,212.07 5,702,152.64 56.1%
%
Subtotal of group 551,879,087.41 100% 4,456,875.34 0.81% 10,164,727.98 100% 4,462,575.34 43.9%
Total 551,879,087.41 -- 4,456,875.34 -- 10,164,727.98 -- 4,462,575.34 --
Notes
Other receivable accounts with large amount and were provided had debt provisions individually at end of period.
□Applicable√Not applicable
Other receivable account in Group on which bad debt provisions were provided on Age basis：
√Applicable □Not applicable
Amount in year-end Amount in year- begin
Account age Book Balance Book Balance
Bad debt provision Bad debt provision
Amount Proportion(%) Amount Proportion(%)
Within 1 year
Over 5 years 4,456,875.34 100% 4,456,875.34 4,462,575.34 100% 4,462,575.34
Total 4,456,875.34 -- 4,456,875.34 4,462,575.34 -- 4,462,575.34
Other receivable account in Group on which bad debt provisions were provided on percentage basis：
□Applicable √Not applicable
Receivable accounts on which bad debt provisions are provided by other ways in the portfolio：
√Applicable□ Not applicable
Unit：RMB
Name Book balance Amount of bad debts
Other Group 547,422,212.07
Total 547,422,212.07
Separate amount is big at end of the period or not big but other account receivable and doubtful reserves shall be withdrawn.
121
石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
□Applicable√Not applicable
（2）Switch back or regain of the other account receivable in the reporting period
Unit ：RMB
Bad debt provision
Description of the Other Reason to write back Basis of original bad Amount written back or
provided before writing
receivable accounts or retrieve debt provision retrieved
back or retrieving
Individual cash advance Partial recovery of Unrecoverable accounts
96,413.00 5,700.00
receivable accounts aged over5 years
Total -- -- 96,413.00 --
Other Receivable account with large amount, or minor amount but on which bad debt provisions are provided individually at end of
period：
Unit ：RMB
Description of the
Book balance Amount of bad debt Providing rate（%） Reason
receivable accounts
Remarks on receivable accounts with minor single amount but with greater risks after combining with accounts
with similar risks:
（3） The front 5 units’ information of Other account receivable
Unit：RMB
Relation with the Portion in total other
Name Amount Ages
Company receivables (%)
Wuhu Dongxu Optoelectronic Equipment
Subsidiary 376,980,000.00 Within 1 year 68.31%
Technology Co., Ltd.
Wuhu Dongxu Optoelectronic Technology
Subsidiary 90,000,000.00 Within 1 year 16.31%
Co., Ltd.
Shijiazhuang Dongxu Optoelectronic
Grandson Company 70,630,448.10 Within 1 year 12.8%
Equipment Technology Co., Ltd.
Hebei Xubao Construction Installation Co.,
Subsidiary 7,667,098.88 Within 1 year 1.39%
Ltd.
Non Related
Henan anfei Co., Ltd. 1,094,333.29 Over 3 years 0.2%
affiliated parties
Total -- 546,371,880.27 -- 99.01%
（4）Other Account receivable from Related affiliated parties
Unit：RMB
Unit name Relation with the company Amount Percentage of account
receivable
Wuhu Dongxu Optoelectronic Equipment Technology Subsidiary 376,980,000.00 68.31%
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Co., Ltd.
Wuhu Dongxu Optoelectronic Technology Co., Ltd. Subsidiary 90,000,000.00 16.31%
Shijiazhuang Dongxu Optoelectronic Equipment
Grandson Company 70,630,448.10 12.8%
Technology Co., Ltd.
Hebei Xubao Construction Installation Co., Ltd. Subsidiary 7,667,098.88 1.39%
Shijiazhuang Baoshi Xuming Tube Co., Ltd. Related parties 266,587.60 0.05%
Shijiazhuang Baoshi Large-diameter plastic tube
Related parties 303,031.25 0.05%
Co., ltd.
Total -- 545,847,165.83 98.91%
3. .Long –term stocks equity investment
Unit：RMB
Explanati
on of
diffidence
between
Sharehold Voting sharehold
Accounti Initial ing right ing
Original Ending Current Cash
Name ng investmen change proportio proportio proportio Devalue
balance Balance devalue bonus
method t cost n in the n in the n and
investee investee voting
right
proportio
n in
investee
Shijiazhu
ang
Baoshi Cost 439,341,9 439,341,9 439,341,9 378,172,6
81.26% 81.26%
Color method 56.80 56.80 56.80 49.84
Bulb Co.,
Ltd.
Hebei
Xubao
Construct
ion
Cost 8,000,000. 8,000,000 8,000,000
Engineeri 100% 100%
method 00 .00 .00
ng
Installatio
n Co.,
Ltd.
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
Shijiazhu
ang
Dongxu
Optoelect
ronic Cost 11,500,00 11,500,00 11,500,00
70.12% 70.12%
Equipme method 0.00 0.00 0.00
nt
Technolo
gy Co.,
Ltd.
Wuhu
Dongxu
Optoelect
Cost 4,471,064, 455,000,0 4,016,064 4,471,064
ronic 100% 100%
method 000.00 00.00 ,000.00 ,000.00
Technolo
gy Co.,
Ltd.
Wuhan
Dongxu
Optoelect
Cost 3,125,000. 3,125,000 3,125,000
ronic 62.5% 62.5%
method 00 .00 .00
Technolo
gy Co.,
Ltd.
Shijiazhu
ang
Baolihua
Cost 200,000.0 200,000.0 -200,000.
Technolo 50,000.00
method 0 0 00
gy &
trading
Co., Ltd.
4,933,230, 917,166,9 4,015,864 4,933,030 378,172,6
Total -- -- -- -- 50,000.00
956.80 56.80 ,000.00 ,956.80 49.84
Notes
4. Business income and Business cost
（1）Business income and business cost
Unit：RMB
Items Amount of current period Amount of previous period
9,733,380.95 22,869,641.54
Income from Business income
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
37,252,235.13 57,829,240.47
Other Business income
Total 46,985,616.08 80,698,882.01
Business cost 35,568,317.91 66,638,502.22
（2）Main business（Industry）
Unit：RMB
Amount of current period Amount of previous period
Name
Business income Business cost Business income Business cost
Glass tube Sales 5,480,526.00 4,224,274.96
Part Sales 9,733,380.95 7,139,154.19 17,389,115.54 11,632,389.29
Total 9,733,380.95 7,139,154.19 22,869,641.54 15,856,664.25
（3）Main business（Production）
Unit：RMB
Amount of current period Amount of previous period
Name
Business income Business cost Business income Business cost
Domestic 8,909,048.85 6,534,530.37 22,869,641.54 15,856,664.25
Overseas 824,332.10 604,623.82
Total 9,733,380.95 7,139,154.19 22,869,641.54 15,856,664.25
（4）Total income and the ratio of operating income from top five clients
Unit：RMB
Name Business Income Proportion(%)
Zhengzhou Xufei Optoelectronic Technology Co., Ltd. 3,290,598.30 33.81%
Hebei Shengshi Machinery & Tool Group Co., Ltd. 1,580,728.00 16.24%
India VIDEOCON 824,332.10 8.47%
Sichuan Xuhong Optoelectronic Technology Co., Ltd. 631,623.93 6.49%
Shijiazhuang Bofa Machinery & Equipment Co., Ltd. 248,717.95 2.56%
Total 6,576,000.28 67.57%
Notes
5. Supplement information of Consolidated Flow Statement
Unit：RMB
Supplement information Amount of current Amount of previous period
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
period
1. Adjusting net profit to net cash flow in operating activities: -- --
Net profit -508,291.49 2,316,656.30
Add： Provision for impairment of assets -100,099.63 -249,987.09
Depreciation of fixed assets, oil and gas assets and consumable
4,181,203.87 4,285,139.00
biological assets
Amortization of intangible assets 162,781.86 162,781.86
Financial cost -1,514,963.34 -3,323.95
Decrease of deferred income tax assets 2,436,326.84
Decrease of inventories 25,893,067.20 51,218,760.83
Decrease of operating receivable -575,000,275.16 -154,506,236.54
Increase of operating receivables -363,995,459.96 112,845,749.07
Net cash flows arising from operating activities -908,445,709.81 16,069,539.48
II. Significant investment and financing activities that without cash
-- --
flows
III. Net increase of cash and cash equivalents -- --
Ending balance of cash 39,682,673.29 13,027,879.93
Less: Beginning balance of cash equivalents 1,602,670.30 2,267,777.81
Net increase of cash and cash equivalents 38,080,002.99 10,760,102.12
10. Supplement information
1. Items and amount of non-current gains and losses
Unit:RMB
Items Amount Notes
Govemment subsidy recognized in currentgain and loss(excluding
those closely related to the Company’s business and granted 105,053,368.45
under the state’s policies)
Custody fee income when entrusted with operation 3,000,000.00
Other non-business income and expenditures other than the above -473,167.75
Less:Amount of influence of income tax 26,895,050.17
Minority interests effects (after tax) 3,214,615.58
Total 77,470,534.95 --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on
information disclosure for Compaines Offering their Securities to the Public-Non-recurring Gains and Losses and
its non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on information Disclosure
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
for Companies offering their securities to the public-non-recurring Gains and losses which have been defined as
recurring gains and losses, it is necessary to explain the reason.
□ Applicable√ Not applicable
2.. Return on net assets and earnings per share
Unit :RMB
Earnings per share（RMB）
Return on net assets .
Profit of the report period
Weighted（%） Basic earnings per share Diluted gains per share
Net profit attributable to the Common stock
5.42% 0.2 0.2
shareholders of Company.
Net profit attributable to the Common stock
shareholders of Company after deducting of 1.74% 0.07 0.07
non-recurring gain/loss.
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石家庄宝石电子玻璃股份有限公司 2013 半年度报告全文
IX. Documents available for inspection
1.The original semi-annual 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. Originals of all documents and manuscripts of public Notices of the Company Disclosed in public in the
newspapers as designated by China Securities Regulatory Commission.
This Report has been prepared in both Chinese and English. In case of any discrepancy, the Chinese version
shall prevail.
Chairman of the Board：Li Zhaoting
Date of submitting approved by the Board : August 26, 2013
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