无锡小天鹅股份有限公司2009 年第三季度报告全文
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WUXI LITTLE SWAN COMPANY LIMITED
THE THIRD QUARTERLY REPORT FOR 2009
§1. Important Notice
1.1 The Board of Directors, the Supervisory Committee, directors, supervisors and other senior
management personnel of Wuxi Little Swan Company Limited (hereinafter referred to as “the
Company”) hereby guarantee that this report carries no false information, misleading statements or
major omissions, and accept, individually and collectively, the responsibility for the factuality,
accuracy and completeness of the information set forth herein.
1.2 None of the directors, supervisors, senior management demonstrated uncertainty or
disagreement about the correctness, accuracy, and completeness of the first quarterly report.
1.3 All other directors attended in person the board meeting to review this quarterly report except for
the following director.
1.4 The Financial Report in the third quarterly report has not been audited by a CPA firm.
1.5 Mr. Fang Hongbo, Chairman of the Board of the Company, Mr. Chai Xinjian, GM of the
Company, and Mr. Zhang Zhaofeng, Chief Financial Officer hereby confirm that the Financial
Report enclosed in the Quarterly Report is true and complete.
§2. Company Profile
2.1 Main accounting data and financial indexes
Unit: RMB Yuan
Name of director Position Reason for not attending the meeting in person Name of proxy
Mr. Li Jianwei Director Go abroad Fang Hongbo
2009.9.30 2008.12.31 Increase/decrease (%)
Total assets (RMB) 3,470,314,689.59 3,339,288,243.96 3.92%
Owners’ equity attributable to shareholders of
listed company (RMB) 1,773,868,516.61 1,606,316,559.12 10.43%
Share capital (share) 547,655,760.00 547,655,760.00 0.00%
Net assets per share attributable to
shareholders of listed company (RMB/share) 3.24 2.93 10.58%
Jul.-Sept. 2009
Increase/
decrease (%)
Jan.-Sept. 2009
Increase/
decrease (%)
Total operation income (RMB) 1,015,484,367.29 1.55% 2,917,972,991.53 -14.79%
Net profit attributable to shareholders of listed
company (RMB) 68,461,574.22 46.24% 135,853,881.33 19.64%
Net cash flows generated from operating
activities (RMB) - - 364,408,055.56 203.42%
Net cash flows per share generated from
operating activities (RMB/share) - - 0.67 203.97%
Basic earnings per share (RMB/share) 0.13 44.44% 0.25 19.05%
Diluted earnings per share (RMB/share) 0.13 44.44% 0.25 19.05%
Return on net assets (%) 3.86% 1.08% 7.66% 0.91%
Rate of return on net assets after deducting
extraordinary gains and losses (%) 3.64% -0.50% 6.78% 0.30%无锡小天鹅股份有限公司2009 年第三季度报告全文
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Unit: RMB Yuan
2.2 Total number of shareholders at the end of the report period and statement on shares held by the
top ten shareholders holding shares not subject to trading moratorium
Unit: Share
§3. Significant Events
3.1 Particulars about major changes of items and financial indexes of the main accounting
statements, as well as the reasons for changes
√Applicable □Inapplicable
Extraordinary gains and losses Amount from year-begin to the
end of this report period
Gains and losses from disposal of non-current assets 3,211,277.84
Government grant measured into the current period gain and loss 3,010,000.00
Gains and losses from changes in fair value of the held tradable financial
assets and liabilities, and investment income from disposal of tradable
financial assets and liabilities and available-for-sale financial assets
13,085,370.11
Other non-operating income and expenses besides the above items -1,864,138.24
Impact on income tax -2,448,186.56
Impact on minority interests 521,044.80
Total 15,515,367.95
Total number of shareholders 32,697
Shares held by the top ten shareholders holding shares not subject to trading moratorium
Name of shareholder
Number of shares not
subject to trading
moratorium
Type of share
GD Midea Holding Co., Ltd. 131,510,011 RMB ordinary shares
TITONI INVESTMENTS DEVELOPMENT LTD. 30,851,714 Domestically listed
foreign shares
GREATER CHINA DEVELOPMENT LIMITED 30,212,211 Domestically listed
foreign shares
GAOLING FUND,L.P. 23,535,116 Domestically listed
foreign shares
WuXi Municipal Bureau of Finance 22,057,657 RMB ordinary shares
ICBC － Penghua Good Governance Stock Securities
Investment Fund (LOF) 22,020,770 RMB ordinary shares
CCB –Chengsheng Tongqing Separable Trading Stock
Securities Investment Fund 9,999,900 RMB ordinary shares
Agriculture Bank of China － Chengsheng Tongde Subject
Growth Stock Securities Investment Fund 9,814,499 RMB ordinary shares
CCB － Huabao Industrial Multi-strategy Growth Securities
Investment Fund 9,360,649 RMB ordinary shares
National Social Security Fund-110 combination 8,307,265 RMB ordinary shares无锡小天鹅股份有限公司2009 年第三季度报告全文
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1. Increase of monetary fund is due to an increase of net cash flows from operating and investing
activities in the reporting period.
2. Large-scale reduction in inventory was due to an influence from selling and closing the
subsidiaries, as a result, the book value of inventory has decreased by RMB 108,935,700.
Meanwhile, owing to the influence of macroeconomic situation and industry, the Company
quickened inventory turnover speed in the reporting period, and strictly controlled inventory scale.
3. Downturn in financial assets available for sale was because the Company sold all shares of both
two listed companies such as Bank of Communications and Nanjing Xinbai during the reporting
period with shares closing price as at 30 Sep. 2009 in Stock Exchange as fair value.
4. Amount of investment real estate decreased to zero in the reporting period due to company
relocation, the properties lease has stopped for liquidation.
5. Large-scale reduction in fixed assets was because the Company, in the reporting period,
transferred all equities of both two subsidiaries such as Wuxi Little Swan High-Grade Casting Co.,
Ltd. And Little Swan (Jinzhou) Electric Appliance Co., Ltd, and closed two subsidiaries such as
Little Swan Palaima Industry Co., Ltd and Wuxi Little Swan Jiangbo Mould Manufacturing Co., Ltd,
as a result, the original value of fixed assets and its accumulative depreciation were transferred out,
including the original value of fixed assets of RMB 254,393,700, the accumulative depreciation of
RMB 104,458,000, as well as net amount of fixed assets of RMB 149,935,700.
6. Large-scale increase in construction in progress was due to that the project “removing from city
entering into park” has stepped into construction phase, the input related to construction in progress
has growth accordingly. It is estimated that the said project shall be completed substantially in Oct.
2009.
7. Long-term equity investment has decreased by a big margin, which was because the Company, in
the reporting period, transferred all equities of four subsidiaries such as Wuxi Little Swan High-
Index Amount of current
period Opening amount Rate of change
Monetary funds 999,829,894.36 617,998,210.34 62%
Inventory 401,943,634.85 694,973,687.18 -42%
Financial assets available for
sale 279,888.00 7,045,326.00 -96%
Investment real estate - 30,474,370.10 -100%
Fixed assets 338,435,433.11 502,382,574.01 -33%
Construction in progress 263,019,691.78 14,371,339.58 1730%
Long-term equity investment 149,060,450.36 218,856,545.67 -32%
Short-term borrowings 17,900,000.00 74,930,000.00 -76%
Payroll payable 25,366,173.23 43,537,479.54 -42%
Taxes payable 65,866,708.12 36,310,470.23 81%
Index Amount of current
period
Same period of last
year Rate of change
Financial expenses 2,392,171.01 34,521,027.66 -93%
Investment gains -5,112,628.04 49,295,350.84 -110%
Non-operating income 23,714,039.58 15,734,243.78 51%
Income tax expense 24,085,385.11 41,944,721.20 -43%
Cash flows from operating
activities 364,408,055.56 -352,369,786.00 203.42%
Cash flows from investing
activities 38,220,540.71 -42,902,725.93 189%
Cash flows from financing
activities -20,796,912.25 -83,489,642.91 75%
Net increase of cash and cash
equivalents 381,831,684.02 -482,762,154.84 179%无锡小天鹅股份有限公司2009 年第三季度报告全文
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Grade Casting Co., Ltd., Little Swan (Jinzhou) Electric Appliance Co., Ltd, Ningbo Xinle
Household Appliances Co., Ltd and Ningbo Little Swan Electric Appliance Co., Ltd., and closed
three subsidiaries such as Little Swan Palaima Industry Co., Ltd, Wuxi Little Swan Jiangbo Mould
Manufacturing Co., Ltd and Toshiba Washing Machine (Wuxi) Co., Ltd.
8. Large-scale reduction in short-term borrowing was due to that the Company, during the reporting
period, transferred a subsidiary company such as Little Swan (Jinzhou) Electric Appliance Co., Ltd,
as a result, the short-term borrowing amounting to RMB 40 million was transferred out; while, two
subsidiaries both of Little Swan (Jinzhou) Sanjin Electric Appliance Co., Ltd and Wuxi Little Swan
General Electrical Appliance Co., Ltd. repaid the borrowings RMB 11 million and RMB 1 million
respectively.
9. Large-scale reduction in payroll payable was mainly because the Company gave some
compensations due to sever labor relations in the reporting period.
10. Large-scale increase in taxes payable was due to increase of income tax payable in the reporting
period.
11. Large-scale reduction in financial expenses was due to decrease of short-term borrowing, as a
result, interest expenditure reduced in step with it. Additionally, the fluctuation range of RMB
exchange rate narrowed in the reporting period, resulting in decrease of loss or gain on exchange
arising from relevant foreign assets.
12. Investment gains has decreased by a big margin, on the one hand, the Company, in the reporting
period, disposed the part of subsidiaries, on the other hand, profits of the companies participating in
equity and investment have been reduced due to external macro economy.
13. Large-scale increase in non-operating income was due to product structure optimization and
subsidies for technological innovation from the government, and the Company sold the part of
moulds of two-tub washing machine.
14. Income tax expense has reduced by a big margin, which was mainly because parent company
and Wuxi Little Swan General Electrical Appliance Co., Ltd., a subsidiary company of the Company
were identified as High-tech Enterprises, tax rates of income tax has been reduced to 15% from 25%.
15. Large-scale increase in Net cash flows from operating activities was due to that the Company
strengthened inventory and expense control, as a result, the expenditure for purchasing commodities
and operating expenses has decreased by a big margin.
16. Large-scale increase in net cash flows from investing activities was due to reduction in cash
disburse used for fixed assets investment and reversal of capital for disposal of investment firms.
17. Net cash flows from financing activities has moved up relatively, which was because the
Company enhanced owned funds utilization and reduced external financing.
18. Large-scale increase in Net increase of cash and cash equivalents was due to an increase of net
cash flows from operating and investing activities in the reporting period.
3.2 Progress and influence of significant events, as well as the analysis on solutions
√Applicable □Inapplicable
On 18 Oct. 2009, the 6th Board of Directors examined and approved the proposal on Related
Transaction Concerning Wuxi Little Swan Co., Ltd. Offering Shares for Purchasing Assets at the 2nd
meeting of the BOD, the Company shall issue shares to GD Midea Holding Co., Ltd. (hereinafter
refer to as “GD Midea”) by non-public offering of stock and purchase the equity of USD 94,145,000
of Hefei Rongshida Washing Equipment Manufacturing Co., Ltd. (namely 69.47% equity of
Rongshida Washing Equipment) held by GD Midea (For details, please refer to Preplan on Related
Transaction Concerning Wuxi Little Swan Co., Ltd. Offering Shares for Purchasing Assets). The
above-mentioned event shall be implemented after submitting to the Shareholders’ General Meeting
for approval and authorization by CSRC.无锡小天鹅股份有限公司2009 年第三季度报告全文
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3.3 Execution of commitments made by the Company, shareholders and actual controller
√Applicable □Inapplicable
3.4 Warnings of possible losses or major changes of the accumulative net profit achieved during the
period from year-begin to the end of the next report period compared with the same period of last
year, as well as explanation on reasons
□Applicable √Inapplicable
3.5 Other significant events that need to be explained
3.5.1 Researches, interviews and visits received in report period
Commitments made Contents of commitment Execution
Commitment on share reform
Jiangsu Little Swan Group Co., Ltd. made the commitment
that the original non-tradable shares of Little Swan A held
would not be listed for trading through Shenzhen Stock
Exchange within 36 months since the date of obtaining the
circulation right for the said shares.
Performance
Finished
Commitments concerning
share trading moratorium
(1) GD Midea Holding Co., Ltd. made the commitment that
before 7 Aug. 2009, it would not list and trade through
stock exchanges the shares of Little Swan A held by it
(Midea received 24.01% of the shares of Little Swan held
by Wuxi Guolian Development Group Co., Ltd. on 7 Apr.
2008.).
(2) If the controlling shareholder and actual controller made
the plan to sell the Company’s circulation shares released
from trading restrictions in the future through the tendering
system, furthermore, the number of share reduction reached
to 5% and over during six months from the first reduction,
so then, the controlling shareholder and actual controller
shall publish outward suggestive announcement through the
listed company within two trading days before the first
reduction, the relevant disclosure matters shall be made in
accordance with preceding clause.
Commitment (1) :
performance
finished
Commitment (2):
Under
performance
Commitments made in the
purchase report or the report
on equity changes
GD Midea Holding Co., Ltd. and actual controller will not
use the control power to Wuxi Little Swan Co., Ltd. to
carry out operating activities with harm to rights and
interests of the Company and its other shareholders, and
adopt appropriate ways to settle such problem as
horizontal competition among GD Midea, the actual
controller and the Company within three years after
finishing the said transaction.
Under performance
Commitments made in major
assets restructuring － －
Commitments made in stock
issuance － －
Other commitments (including
additional commitments) － －
Date Place Way of
reception Visitor Main discussion and materials provided
by the Company
10 Feb. 2009 Company conference
room
Field
investigations Orient Securities Co., Ltd. Overall operation of the Company无锡小天鹅股份有限公司2009 年第三季度报告全文
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3.5.2 Securities investment during the reporting period
3.6 Derivatives investment
□Applicable √Inapplicable
10 Feb. 2009 Company conference
room
Field
investigations China Galaxy Securities Co., Ltd. Overall operation of the Company
10 Feb. 2009 Company conference
room
Field
investigations Guoxin Securities Co., Ltd. Overall operation of the Company
9 Mar. 2009 By telephone By telephone CITIC Securities Co., Ltd. Overall operation of the Company in
2008
3 Apr. 2009 Company conference
room
Field
investigations
Changsheng Fund Management
Co., Ltd.
Production and operation of the
Company
3 Apr. 2009 Company conference
room
Field
investigations MillenniumGlobal Investments Production and operation of the
Company
10 Apr. 2009 By telephone By telephone Shanghai Shenyin Wanguo
Securities Research Institute Annual area sales of the Company
12 May 2009 Company conference
room
Field
investigations GF Securities Co., Ltd. Operation system channel
12 May 2009 Company conference
room
Field
investigations Guolian Securities Co., Ltd. Operation system channel
9 Jul. 2009 Company conference
room
Field
investigations Greatwall Securities Co., Ltd. Production and operation of the
Company
9 Jul. 2009 Company conference
room
Field
investigations
Harvest Fund Management Co.,
Ltd.
Production and operation of the
Company
9 Jul. 2009 Company conference
room
Field
investigations
Yinhua Fund Management Co.
Ltd.
Production and operation of the
Company
9 Jul. 2009 Company conference
room
Field
investigations
Changsheng Fund Management
Co., Ltd.
Production and operation of the
Company
17 Sep. 2009 Company conference
room
Field
investigations
Penghua Fund Management Co.,
Ltd.
Company operation and situation on
“removing from city entering into park”
Code Abbreviation
Initial
investment
amount
Proportion to
this company
Closing
book value
Gains and losses
for the reporting
period
Change in owner’s equity
in the reporting period
601328 Bank of
Communications 1,500,000.00 0.01% 0.00 12,661,418.34 8,283,328.44
600682 Nanjing Xinbai 104,300.00 0.02% 0.00 423,951.77 309,116.77
400038 Huaxin Hi-Tech 100,300.00 0.01% 279,888.00 0.00 105,957.60
Total 1,704,600.00 - 279,888.00 13,085,370.11 8,698,402.81无锡小天鹅股份有限公司2009 年第三季度报告全文
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§ 4 Attachments
4.1 Balance sheet
Prepared by Wuxi Little Swan Company Limited Sep. 30, 2009 Unit: RMB Yuan
Items
Closing balance Opening balance
Consolidation Parent company Consolidation Parent company
Current assets：
Monetary funds 999,829,894.36 841,892,500.67 617,998,210.34 408,475,277.00
Settlement fund reserve
Dismantle fund
Transaction financial asset
Notes receivable 392,844,439.69 369,805,428.38 381,032,680.58 366,380,243.73
Account receivable 528,605,578.93 342,723,496.30 422,669,603.61 269,374,201.45
Account paid in advance 92,771,805.91 74,167,925.93 105,361,611.66 86,084,578.33
Premium receivables
Receivables from reinsurers
Reinsurance contract reserve
receivables
Interest receivable
Dividend receivable 1,798,815.52 1,798,815.52
Other accounts receivable 77,769,077.65 53,060,858.16 99,682,875.67 127,640,209.34
Financial assets purchased under
agreements to resell
Inventories 401,943,634.85 225,784,959.90 694,973,687.18 336,687,306.24
Non-current assets due within 1
year
Other current assets
Total current assets 2,493,764,431.39 1,907,435,169.34 2,323,517,484.56 1,596,440,631.61
Non-current assets:
Loans and advance
Available for sale financial assets 279,888.00 279,888.00 7,045,326.00 7,045,326.00
Held to maturity investments
Long-term account receivable
Long-term equity investment 149,060,450.35 779,854,887.08 218,856,545.67 938,059,586.29
Investing property 30,474,370.10 30,474,370.10
Fixed asset 338,435,433.11 273,004,139.41 502,382,574.01 248,254,016.23
Project in construction 263,019,691.78 252,790,500.36 14,371,339.58 11,349,269.50
Engineering material
Fixed asset disposal
Bearer biological asset
Oil assets
Intangible assets 125,305,688.94 116,123,923.70 152,351,167.32 118,260,757.99
Development expense
Goodwill
Long-term deferred expense 15,528,139.88 1,327,760.53 16,339,825.28
Deferred tax assets 84,920,966.14 79,377,197.77 73,949,611.44 66,461,324.37
Other non-current assets
Total of non-current assets 976,550,258.20 1,502,758,296.85 1,015,770,759.40 1,419,904,650.48无锡小天鹅股份有限公司2009 年第三季度报告全文
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Total assets 3,470,314,689.59 3,410,193,466.19 3,339,288,243.96 3,016,345,282.09
Current liabilities:
Short-term borrowings 17,900,000.00 74,930,000.00
Borrowing from Central Bank
Deposits and due to banks and
other financial institutions
Borrowed inter-bank funds
Transaction financial liabilities
Notes payable 21,000,000.00 114,000,000.00
Account payable 1,214,917,832.02 918,104,978.89 989,965,462.97 626,896,030.80
Account received in advance 163,880,178.55 119,749,720.34 225,481,656.23 157,288,864.35
Financial assets sold under
agreements to repurchase
Handling charges and commission
payable
Employees’ compensation
payable 25,914,288.30 3,800,455.79 43,537,479.54 9,308,289.00
Tax payable 65,866,708.12 64,870,433.49 36,310,470.23 29,816,057.11
Interest payable 442,452.66 562,686.25
Dividend payable 2,967,922.95 2,917,374.60 3,527,937.47 2,917,374.60
Other account payable 115,321,833.79 80,006,466.04 135,832,343.39 90,089,986.19
Due to reinsurers
Insurance contract reserve
Amount for acting trading
securities
Amount payables under security
underwriting
Non-current liabilities due within
1 year
Other current liabilities
Total current liabilities 1,628,211,216.39 1,189,449,429.15 1,624,148,036.08 916,316,602.05
Non-current liabilities:
Long-term borrowings
Debentures payable
Long-term payables
Specific purpose account payables
Provisions for contingent
liabilities 8,390,282.85 18,541,858.03 4,000,000.00
Deferred tax liabilities 26,938.20 26,938.20 801,108.90 801,108.90
Other non-current liabilities
Total non-current liabilities 8,417,221.05 26,938.20 19,342,966.93 4,801,108.90
Total liabilities 1,636,628,437.44 1,189,476,367.35 1,643,491,003.01 921,117,710.95
Owner’s equity (shareholders
equity)
Paid-in capital(Share capital) 547,655,760.00 547,655,760.00 547,655,760.00 547,655,760.00
Capital surplus 512,820,696.94 512,075,128.47 480,464,703.04 483,969,863.67
Less: Treasury Stock
Specific reserves
Reserved fund 150,833,803.30 148,613,248.65 153,321,373.03 148,613,248.65无锡小天鹅股份有限公司2009 年第三季度报告全文
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4.2 Income statement during the reporting period
Prepared by Wuxi Little Swan Company Limited Jul.-Sep. 2009 Unit: RMB
General risk provision
Retained earnings 562,558,256.37 1,012,372,961.72 426,704,375.03 914,988,698.82
Foreign exchange difference -1,829,651.98
Total equity attributable to owners
of parent company 1,773,868,516.61 2,220,717,098.84 1,606,316,559.12 2,095,227,571.14
Minority interest 59,817,735.54 89,480,681.83
Total owner’s equity 1,833,686,252.15 2,220,717,098.84 1,695,797,240.95 2,095,227,571.14
Total liabilities and owner’s
equity 3,470,314,689.59 3,410,193,466.19 3,339,288,243.96 3,016,345,282.09
Items
Current period Same period of last year
Consolidation Parent company Consolidation Parent company
I. Total sales 1,015,484,367.29 810,075,587.12 1,000,032,076.01 458,048,916.50
Including: Sales 1,015,484,367.29 810,075,587.12 1,000,032,076.01 458,048,916.50
Interests income
Premium income
Handling charges and commission income
II. Total cost of sales 937,875,579.90 747,759,609.93 950,842,839.42 411,975,748.59
Including: Cost of sales 754,136,385.63 583,485,554.72 851,570,755.06 359,385,104.36
Interests expenses
Service charge and commission income
Cash surrender value
Claim expenses-net
Provision for insurance contract reserves-net
Insurance policy dividend paid
Reinsurance expense
Business taxes and surcharges 3,508,440.01 3,340,820.41 3,617,407.24 2,606,043.29
Distribution expenses 151,151,928.29 141,982,071.63 46,123,687.00 26,810,328.99
Administrative expenses 26,842,334.61 17,165,271.20 44,749,534.71 23,661,006.19
Financial costs 179,358.81 -783,710.65 4,781,455.41 -3,536,984.56
Impairment loss 2,057,132.55 2,569,602.62 3,050,250.32
Add: gain/(loss) from change in fair value
Gain/(loss) from investment (“-” means loss) 17,758,992.50 17,758,992.50 8,545,598.14 5,724,977.32
Foreign exchange difference
III. Business profit (“-” means loss) 95,367,779.89 80,074,969.69 57,734,834.73 51,798,145.23
Add: non-business income 4,285,886.91 3,225,616.01 7,624,495.06 -957,274.63
Less: non-business expense 12,110,429.64 8,927,454.09 5,002,842.85 1,275,673.04
IV. Total profit (“-” means loss) 87,543,237.16 74,373,131.61 60,356,486.94 49,565,197.56
Less: Tax expense 14,860,724.15 11,155,969.74 14,168,502.39 12,991,033.37
V. Net profit (“-” means loss) 72,682,513.01 63,217,161.87 46,187,984.55 36,574,164.19
-Attributable to parent company 68,461,574.22 63,217,161.87 46,814,918.09 36,574,164.19
-Minority interest 4,220,938.79 -626,933.54
VI. Earnings per share
(I) Basic earnings per share 0.13 0.09
(II) Diluted earnings per share 0.13 0.09无锡小天鹅股份有限公司2009 年第三季度报告全文
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4.3 Income statement from the year-begin to the end of reporting period
Prepared by Wuxi Little Swan Company Limited Jan.-Sep. 2009 Unit: RMB
VII. Other comprehensive income -4,257,905.00 -4,257,905.00 -7,350,468.25 -7,350,468.25
VIII. Total comprehensive income 68,424,608.01 58,959,256.87 38,837,516.30 29,223,695.94
Total comprehensive income attributable to
owner of parent company 64,203,669.22 58,959,256.87 39,464,449.84 29,223,695.94
Total comprehensive income attributable to
minority shareholders 4,220,938.79 -626,933.54
Items
Current period Same period of last year
Consolidation Parent company Consolidation Parent company
I. Total sales 2,917,972,991.53 2,052,566,930.67 3,424,461,057.80 1,809,108,432.74
Including: Sales 2,917,972,991.53 2,052,566,930.67 3,424,461,057.80 1,809,108,432.74
Interests income
Premium income
Handling charges and commission income
II. Total cost of sales 2,758,011,283.55 1,884,917,061.19 3,313,469,581.57 1,758,558,148.21
Including: Cost of sales 2,250,684,996.86 1,490,106,664.57 2,789,367,413.21 1,370,791,296.30
Interests expenses
Service charge and commission income
Cash surrender value
Claim expenses-net
Provision for insurance contract reservesnet
Insurance policy dividend paid
Reinsurance expense
Business taxes and surcharges 14,468,653.78 12,900,020.82 11,116,954.94 6,194,234.89
Distribution expenses 389,212,140.48 341,641,929.47 345,204,576.25 249,351,950.34
Administrative expenses 94,524,104.24 59,678,510.73 124,914,099.52 69,742,420.53
Financial costs 2,392,171.01 -2,074,747.51 34,521,027.66 -1,781,484.16
Impairment loss 6,729,217.18 -17,335,316.89 8,345,509.99 64,259,730.31
Add: gain/(loss) from change in fair value
Gain/(loss) from investment (“-” means loss) -5,112,628.04 -59,638,990.60 49,295,350.84 44,056,332.29
Foreign exchange difference
III. Business profit (“-” means loss) 154,849,079.94 108,010,878.88 160,286,827.07 94,606,616.82
Add: non-business income 23,714,039.58 21,237,722.24 15,734,243.78 3,731,143.17
Less: non-business expense 19,356,899.98 14,678,880.06 17,088,878.16 8,966,076.62
IV. Total profit (“-” means loss) 159,206,219.54 114,569,721.06 158,932,192.69 89,371,683.37
Less: Tax expense 23,815,385.11 17,185,458.16 41,944,721.20 22,752,264.16
V. Net profit (“-” means loss) 135,390,834.43 97,384,262.90 116,987,471.49 66,619,419.21
-Attributable to parent company 135,853,881.33 97,384,262.90 113,552,481.40 66,619,419.21
-Minority interest -463,046.90 3,434,990.09
VI. Earnings per share
(I) Basic earnings per share 0.25 0.21
(II) Diluted earnings per share 0.25 0.21
VII. Other comprehensive income 105,957.60 105,957.60 -10,187,011.50 -10,187,011.50
VIII. Total comprehensive income 135,496,792.03 97,490,220.50 106,800,459.99 56,432,407.71无锡小天鹅股份有限公司2009 年第三季度报告全文
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4.4 Cash flow statement from the year-begin to the end of reporting period
Prepared by Wuxi Little Swan Company Limited Jan.-Sep. 2009 Unit: RMB
Total comprehensive income attributable to
owner of parent company 135,959,838.93 97,490,220.50 103,365,469.90 56,432,407.71
Total comprehensive income attributable to
minority shareholders -463,046.90 3,434,990.09
Items
Current period Last period
Consolidation Parent company Consolidation Parent company
I. Cash flows from operating activities
Cash received from sales of goods
or rending of services 2,099,368,450.67 1,427,224,028.09 2,090,667,090.25 1,041,692,449.14
Net increase of deposits received
and held for others
Net increase of loans from central
bank
Net increase of inter-bank loans
from other financial assets
Cash received against original
insurance contract
Net Cash received from
reinsurance
Net increase of client deposit and
investment
Net increase of disposal of tradable
financial assets
Cash received as Interests, fees and
commissions received
Net increase of inter-bank fund
received
Cash received under repurchasing,
net
Tax returned 25,125,994.18 1,087,519.60 49,884,601.43 9,858,332.02
Other cash received from operating
activities 40,780,052.10 22,748,798.68 88,652,772.39 10,983,530.81
Sub-total of cash inflow from
operating activities 2,165,274,496.95 1,451,060,346.37 2,229,204,464.07 1,062,534,311.97
Cash paid for goods and services 1,202,759,934.94 649,072,240.95 1,726,509,374.20 910,108,818.20
Net increase of loans and advances
Net increase of deposit in central
bank, banks and other financial
institutions
Cash paid for original contract
claim
Cash paid for interests, fees and
commission
Cash paid for policy dividend
Cash paid to and for employees 138,645,659.34 92,805,221.16 192,565,031.64 100,377,926.32
Cash paid for all types of taxes 156,176,009.54 126,997,319.42 131,598,033.65 87,293,248.33
Other cash paid relating to
operating activities 303,284,837.57 242,523,453.03 530,901,810.58 356,569,522.00
Sub-total of cash outflows 1,800,866,441.39 1,111,398,234.56 2,581,574,250.07 1,454,349,514.85无锡小天鹅股份有限公司2009 年第三季度报告全文
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Net cash outflow in operating
activities 364,408,055.56 339,662,111.81 -352,369,786.00 -391,815,202.88
II. Cash Flows from Investing Activities
Cash received from return of
investments
Cash received from investment
income 57,823,685.40 57,823,685.40 54,783,959.42 57,948,770.25
Net cash received from disposal of
fixed assets, intangible assets and other
long-term assets
752,190.00 335,700.00 6,820,193.65 6,625,289.81
Net cash received from disposal of
subsidiaries and other operating units 43,081,975.82 81,500,028.84 343,101.75 343,101.75
Other cash received relating to
investing activities
Sub-total of cash inflows of
investing activities 101,657,851.22 139,659,414.24 61,947,254.82 64,917,161.81
Cash paid for acquisition of fixed
assets, intangible assets and other longterm
assets
63,437,310.51 50,042,580.96 104,849,980.75 70,793,331.72
Cash paid for acquisition of
investments
Net increase of pledge loans
Net cash paid for acquisition of
subsidiaries and other operating units
Other cash paid relating to
investing activities
Sub-total of cash outflows of
investing activities 63,437,310.51 50,042,580.96 104,849,980.75 70,793,331.72
Net cash inflow from investing
activities 38,220,540.71 89,616,833.28 -42,902,725.93 -5,876,169.91
III. Cash Flows from Financing
Activities:
Cash received from investment
Including: Cash received from
minority shareholders of subsidiaries
Cash received from borrowings 23,900,000.00 182,900,000.00 100,000,000.00
Cash received from bonds issuing
Cash received relating to financing
activities
Sub-total of cash inflows of
financing activities 23,900,000.00 182,900,000.00 100,000,000.00
Cash paid for repayments of
borrowings 40,910,000.00 252,480,000.00 100,000,000.00
Cash paid for dividends, profit
distribution or interest 3,786,912.25 13,909,642.91 782,933.33
Including: dividends or profits paid
to minority shareholders by subsidiaries
Other cash paid relating to
financing activities
Sub-total of cash outflows of
financing activities 44,696,912.25 266,389,642.91 100,782,933.33
Net cash inflow from financing
activities -20,796,912.25 0.00 -83,489,642.91 -782,933.33
IV. Effect of foreign exchange rate chan 0.00 -4,000,000.00无锡小天鹅股份有限公司2009 年第三季度报告全文
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4.5 Auditor’s report
Audit opinion: Un-audited
ges
V. Net decrease in cash and cash
equivalents 381,831,684.02 429,278,945.09 -482,762,154.84 -398,474,306.12
Add : Opening amount of cash and
cash equivalents 617,998,210.34 408,475,277.00 907,613,092.06 563,587,076.68
VI. Closing balance of cash and cash
equivalents 999,829,894.36 837,754,222.09 424,850,937.22 165,112,770.56
