WUXI LITTLE SWAN COMPANY LIMITED ABSTRACT OF INTERIM REPORT 2012
Stock Code: 000418, 200418 Short Form of the Stock: XTEA, XTEB Announcement No.: 2012-26
WUXI LITTLE SWAN COMPANY LIMITED
ABSTRACT OF INTERIM REPORT 2012
I. Important Notes
The Board of Directors, the Supervisory Committee as well as directors, supervisors and senior management of
Wuxi Little Swan Company Limited (hereinafter referred to as “the Company”) warrant that this report does not
contain any false or misleading statements or omit any material facts, and will collectively and individually accept
the responsibilities for the truthfulness, accuracy and completeness of the whole contents of this report.
All directors attended the board session for reviewing this report.
Mr. Fang Hongbo and Mr. Chai Xinjian, company principals, Ms. Xiao Li, head of the accounting work, and Mr.
Zhong Fangliu, head of the accounting division (head of accounting), hereby declare that the financial report
enclosed in this semi-annual report is true and complete.
English Translation for Reference Only. Should there be any discrepancy between the two versions, the Chinese
version shall prevail.
II. Company Profile
（I）Basic information
A-share abbreviation XTEA
A-share code 000418
Stock exchange listed with Shenzhen Stock Exchange
Company Secretary Securities Affairs Representative
Name Ms. Zhou Sixiu Ms. Tian Lin
No.18 Yangtze River South Road, Jiangsu No.18 Yangtze River South Road, Jiangsu
Wuxi National High-Tech Development Wuxi National High-Tech Development
Contact address
Zone Zone
Tel. 0510-81082320 0510-81082377
Fax 0510-83720879 0510-83720879
IR_littleswan@littleswan.com.cn tianlin@littleswan.com.cn
E-mail
（II）Financial highlights
1. Major accounting data and financial indexes
Any retrospective adjustment in previous financial statements?
□ Yes √ No
30 Jun. 2012 31 Dec. 2011 Increase/decrease (%)
Total assets (RMB Yuan) 7,826,153,706.10 9,145,185,476.94 -14.42%
Owners’ equity attributable to shareholders of the Company
3,530,947,207.74 3,441,144,937.45 2.61%
(RMB Yuan)
Share capital (share) 632,487,764.00 632,487,764.00 0%
1
WUXI LITTLE SWAN COMPANY LIMITED ABSTRACT OF INTERIM REPORT 2012
Net assets per share attributable to shareholders of the
5.58 5.44 2.61%
Company (RMB Yuan/share)
Liability/asset ratio（%） 47.96% 56.64% -8.68%
Jan.-Jun. 2012 Jan.-Jun. 2011 Increase/decrease (%)
Gross operating revenues (RMB Yuan) 3,101,328,731.14 6,747,514,122.53 -54.04%
Operating profit (RMB Yuan) 252,798,018.99 390,459,337.37 -35.26%
Total profit (RMB Yuan) 268,171,299.30 417,740,185.30 -35.8%
Net profit attributable to shareholders of the Company (RMB
216,228,135.55 280,338,482.78 -22.87%
Yuan)
Net profit attributable to shareholders of the Company after
202,605,458.74 256,408,437.20 -20.98%
deducting non-recurring gains and losses (RMB Yuan)
Basic EPS (RMB Yuan/share) 0.34 0.44 -22.73%
Diluted EPS (RMB Yuan/share) 0.34 0.44 -22.73%
Weighted average ROE (%) 6.09% 8.77% -2.68%
Weighted average ROE after deducting non-recurring gains
5.71% 8.02% -2.31%
and losses (%)
Net cash flow from operating activities (RMB Yuan) 909,437,610.73 -509,000,827.63 278.67%
Net cash flow per share from operating activities (RMB
1.44 -0.8 278.67%
Yuan/share)
Notes to major accounting data and financial indexes before the end of the reporting period (Please give notes if
there is any retrospective adjustment):
Naught
2. Items of non-recurring gains and losses
√Applicable □Inapplicable
Items Jan.-Jun. 2012 (RMB Yuan) Notes
Gains and losses on disposal of non-current assets 7,549,807.55
Tax rebate, reduction or exemption due to un-authorized approval or the lack of formal
approval documents
Government grants recognized in the current year, except for those acquired in the ordinary
course of business or granted at certain quotas or amounts according to the country’s unified 4,578,571.99
standards
Capital occupation fees received from non-financial enterprises that are included in current
gains and losses
Gains generated when the investment costs of the Company’s acquiring subsidiaries,
associates and joint ventures are less than the fair value of identifiable net assets in the
investees attributable to the Company in the acquisition of the investments
Exchange gains and losses of non-monetary assets
Gains and losses through entrusting others to invest or manage assets
Various asset impairment provisions due to acts of God such as natural disasters
Gains and losses on debt restructuring
Enterprise reorganization expenses, such as expenses on employee settlement and integration
Gains and losses on the parts exceeding the fair value when prices of transactions become
unfair
Net current gains and losses from the period-begin to the combination date of subsidiaries
due to business combinations under the same control
Gains and losses on contingent matters which are irrelevant to the normal operation of the
Company
Gains and losses on fair value changes of transactional financial assets and liabilities, and
investment gains on disposal of transactional financial assets and liabilities and
available-for-sale financial assets, except for the effective hedging business related to the
2
WUXI LITTLE SWAN COMPANY LIMITED ABSTRACT OF INTERIM REPORT 2012
Company’s normal operation
Reversal of impairment provisions for accounts receivable which are separately tested for
impairment signs
Gains and losses on entrustment loans from external parties
Gains and losses on fair value changes of investing properties for which the fair value
method is adopted for subsequent measurement
Current gain and loss effect due to a just-for-once adjustment to current gains and losses
according to requirements of taxation and accounting laws and regulations
Custodian fee income from entrusted operations with the Company
Other non-operating incomes and expenses besides the items above 5,234,789.52
Other gain and loss items that meet the definition of non-recurring gains and losses
Minority interests effects -1,136,464.99
Income tax effects -2,604,027.26
Total 13,622,676.81 --
3. Net profit and net asset differences between financial reports disclosed according to the international and
Chinese accounting standards respectively
□Applicable √Inapplicable
4. Net profit and net asset differences between financial reports disclosed according to the overseas and
Chinese accounting standards respectively
□Applicable √Inapplicable
III. Changes in Share Capital and Particulars about Shareholders
（I）Changes in share capital
√Applicable □Inapplicable
Before the change Increase/decrease (+, -) After the change
Bo
Capitaliz
Issuan nu
ation of
Proporti ce of s Proportio
Number public Others Subtotal Number
on (%) new sh n (%)
reserve
shares are
fund
s
I. Shares subject to trading
256,135,820 40.5% 3,480,185 3,480,185 259,616,005 41.05%
moratorium
1. State-owned shares 0%
2. State-owned legal
0%
person shares
3. Other domestic shares 225,284,106 35.62% 3,480,185 3,480,185 228,764,291 36.17%
Including: Shares held by
225,176,106 35.6% 3,480,185 3,480,185 228,656,291 36.15%
domestic legal persons
Shares held by
108,000 0.02% 108,000 0.02%
domestic individuals
4. Shares held by overseas
30,851,714 4.88% 30,851,714 4.88%
shareholders
Including: Shares held by 30,851,714 4.88% 30,851,714 4.88%
3
WUXI LITTLE SWAN COMPANY LIMITED ABSTRACT OF INTERIM REPORT 2012
overseas legal persons
Shares held by
0%
overseas individuals
5. Shares held by senior
0%
management staff
II. Shares not subject to
376,351,944 59.5% -3,480,185 -3,480,185 372,871,759 58.95%
trading moratorium
1. Ordinary shares
216,167,786 34.18% -3,480,185 -3,480,185 212,687,601 33.63%
denominated in RMB
2. Domestically listed
160,184,158 25.33% 160,184,158 25.33%
foreign shares
3. Overseas listed foreign
0%
shares
4. Others 0%
III. Total shares 632,487,764.00 100% 632,487,764.00 100%
（II）Shares held by the top ten holders of tradable shares/shares not subject to trading
moratorium
Shares held by the top ten shareholders and the top ten shareholders holding tradable shares
Total number of shareholders 39,191
Particulars about shares held by the top ten shareholders
Pledged or frozen
Shareholdi shares
Total shares Number of
Nature of ng
Name of shareholder (full name) held at the non-tradable Numbe
shareholder percentage Status of
period-end shares held r of
(%) shares
shares
Domestic
GD MIDEA HOLDING CO., LTD. non-state-owned 35.2% 222,661,571 222,661,571
corporation
Overseas
GAOLING FUND,L.P. 8.14% 51,464,551
corporation
TITONI INVESTMENTS Overseas
4.88% 30,851,714 30,851,714
DEVELOPMENT LTD. corporation
On behalf of the
FINANCE BUREAU OF WUXI 3.49% 22,057,657
state
Overseas
BOCI SECURITIES LIMITED 3.32% 20,976,486
corporation
GUOTAI JUNAN Overseas
2.04% 12,922,523
SECURITIES(HONGKONG) LIMITED corporation
Domestic
NATIONAL SOCIAL SECURITY FUND
non-state-owned 1.66% 10,500,857
PORTFOLIO 102
corporation
CHINA CONSTRUCTION Domestic
BANK-CHINAAMC GLOBAL non-state-owned 1.33% 8,385,623
SELECTED STOCK FUND corporation
SUN HUNG KAI INVESTMENT Overseas
1.1% 6,986,181
SERVICES LTD-CUSTOMERS A/C corporation
CHINA CONSTRUCTION BANK － Domestic
PENGHUA VALUE ADVANCED STOCK non-state-owned 1.1% 6,933,828
FUND corporation
Particulars about shares held by the top ten shareholders holding tradable shares
Type and number of shares
Name of shareholder Number of tradable shares held
Type Number
4
WUXI LITTLE SWAN COMPANY LIMITED ABSTRACT OF INTERIM REPORT 2012
GAOLING FUND,L.P. 51,464,551 B-share 51,464,551
FINANCE BUREAU OF WUXI 22,057,657 A-share 22,057,657
BOCI SECURITIES LIMITED 20,976,486 B-share 20,976,486
GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED 12,922,523 B-share 12,922,523
NATIONAL SOCIAL SECURITY FUND PORTFOLIO 102 10,500,857 A-share 10,500,857
CHINA CONSTRUCTION BANK-CHINAAMC GLOBAL
8,385,623 A-share 8,385,623
SELECTED STOCK FUND
SUN HUNG KAI INVESTMENT SERVICES
6,986,181 B-share 6,986,181
LTD-CUSTOMERS A/C
CHINA CONSTRUCTION BANK－PENGHUA VALUE
6,933,828 A-share 6,933,828
ADVANCED STOCK FUND
UBS CUSTODY SERVICES SINGAPORE PTE. LTD. 5,965,705 B-share 5,965,705
TRISKELE CHINA FUND 5,474,665 B-share 5,474,665
Explanation on associated relationship or/and persons acting in GD MIDEA HOLDING CO., LTD. and TITONI INVESTMENTS
concert among the above-mentioned shareholders DEVELOPMENT LTD. are parties acting in concert.
（III）Change of the controlling shareholder and the actual controller
□Applicable √Inapplicable
IV. Particulars about Directors, Supervisors and Senior Management
（I）Shareholding changes of directors, supervisors and senior management
Number of Number of
Of which: Number of
Number of shares shares Number of
number of stock options Reason for
Name Office title shares held at increased in decreased in shares held at
restricted held at change
period-begin reporting reporting period-end
shares held period-end
period period
Chairman of
Fang Hongbo 0 0 0 0 0 0 Naught
the Board
General
Chai Xinjian Manager; 0 0 0 0 0 0 Naught
Director
Li Feide Director 0 0 0 0 0 0 Naught
Xiao
Director 0 0 0 0 0 0 Naught
Mingguang
Liu Jufeng Director 0 0 0 0 0 0 Naught
Director;
Zhou Sixiu Company 0 0 0 0 0 0 Naught
Secretary
Zhao Independent
0 0 0 0 0 0 Naught
Shuming Director
Independent
Ye Yongfu 0 0 0 0 0 0 Naught
Director
Independent
Yu Lihui 0 0 0 0 0 0 Naught
Director
Zhang
Supervisor 0 0 0 0 0 0 Naught
Zhaofeng
5
WUXI LITTLE SWAN COMPANY LIMITED ABSTRACT OF INTERIM REPORT 2012
Jiang
Supervisor 0 0 0 0 0 0 Naught
Huafang
Ye Dexin Supervisor 0 0 0 0 0 0 Naught
Hu Ziqiang Vice GM 0 0 0 0 0 0 Naught
Yin Bitong Vice GM 0 0 0 0 0 0 Naught
Fu Wei Vice GM 0 0 0 0 0 0 Naught
Mao Zhiliang Vice GM 0 0 0 0 0 0 Naught
Xiao Li CFO 0 0 0 0 0 0 Naught
Li Jianwei Director 0 0 0 0 0 0 Naught
Wu Ganping Director 0 0 0 0 0 0 Naught
Li Mingde Supervisor 0 0 0 0 0 0 Naught
V. Report of the Board of Directors
（I）Main business lines classified by industries and products
Unit: RMB Yuan
Main business lines classified by industries
Increase/decrease Increase/decrease
Increase/decrease
of operating of gross profit
of operating cost
Operating Gross profit rate revenue rate compared
Industry Operating cost compared with
revenue (%) compared with with the same
the same period
the same period period last year
last year (%)
last year (%) (%)
Household
2,805,116,121.47 2,213,791,209.14 21.08% -52.45% -54.08% 2.81%
appliances
Main business lines classified by products
Increase/decrease Increase/decrease
Increase/decrease
of operating of gross profit
of operating cost
Operating Gross profit rate revenue rate compared
Product Operating cost compared with
revenue (%) compared with with the same
the same period
the same period period last year
last year (%)
last year (%) (%)
Washing
2,805,116,121.47 2,213,791,209.14 21.08% -52.45% -54.08% 2.81%
machines
Explanation to the reasons for any significant year-on-year change of the gross profit rate:
Naught
（II）Main business lines classified by regions
Unit: RMB Yuan
Increase/decrease compared with the same
Region Operating revenue
period last year (%)
Domestic 1,744,614,729.04 -63.90%
Overseas 1,060,501,392.43 -0.57%
（III）Reasons for any significant change in main business and its structure
√Applicable □Inapplicable
In the reporting period, the overseas market basically remained stable while the domestic market saw a slide.
6
WUXI LITTLE SWAN COMPANY LIMITED ABSTRACT OF INTERIM REPORT 2012
Domestic sales slid mainly because in order to deal with market changes, the Company took the initiative to adjust
its marketing mode, simplify intermediate links and consume a great deal of inventory.
（IV）Reasons of significant changes in profitability of main business (gross profit rate)
compared with that in the last year
□Applicable √Inapplicable
（V）Analysis on reasons of significant changes in profit breakdown compared with the last
year
□Applicable √Inapplicable
（VI）Particulars about utilization of the raised funds
1. Utilization of the raised funds
□Applicable √Inapplicable
2. Change of projects invested with raised funds
□Applicable √Inapplicable
（VII）Revision of the Board of Directors’ business plan for the second half of the year
□Applicable √Inapplicable
（VIII）Business performance estimate for Jan.-Sept. 2012
Warnings of estimated possible losses or major changes of the accumulative net profit achieved during the period
from the beginning of the year to the end of the next reporting period compared with the same period of last year,
as well as the reasons
□Applicable √Inapplicable
（IX）Explanation of the Board of Directors on “Non-standard Auditing Report” issued by
the CPA firm for the reporting period
□Applicable √Inapplicable
（X）Explanation of the Board of Directors on changes and solutions of the issues involved in
the “Non-standard Auditing Report” issued by the CPA firm for last year
□Applicable √Inapplicable
7
WUXI LITTLE SWAN COMPANY LIMITED ABSTRACT OF INTERIM REPORT 2012
VI. Significant Events
（I）Purchase, sales and reorganization of assets
1. Purchase of assets
□Applicable √Inapplicable
Notes to purchase of assets:
2. Sale of assets
□Applicable √Inapplicable
Notes to sale of assets:
3. Progress of these events after the publication of the assets reorganization report or public notices on the
purchases or sales of assets, as well as the influences of these events on the operation results and financial
status of the Company in this reporting period
□Applicable √Inapplicable
（II）Guarantee events
√Applicable □Inapplicable
Unit: RMB Ten thousand
Guarantees provided by the Company for external parties (excluding those for subsidiaries)
Type Period Exec Guarantee
Disclosure date of Amount Actual occurrence Actual
of of uted for a
Guaranteed party relevant for date (date of guarantee
guaran guarante or related
announcement guarantee agreement) amount
tee e not party or not
Total actual occurred
Total external guarantee line approved amount of external
0 0
during the reporting period (A1) guarantee during the
reporting period (A2)
Total actual external
Total external guarantee line that has been
guarantee balance at the
approved at the end of the reporting 0 0
end of the reporting
period (A3)
period (A4)
Guarantees provided by the Company for its subsidiaries
Type Period Exec Guarantee
Disclosure date of Amount Actual occurrence Actual
of of uted for a
Guaranteed party relevant for date (date of guarantee
guaran guarante or related
announcement guarantee agreement) amount
tee e not party or not
Hefei Royalstar
Washing Equipment Warra 6
2 Mar. 2012 160,000 29 Feb. 2012 10,953 No No
Manufacturing Co., nty months
Ltd.
Hefei Royalstar 2 Mar. 2012 Warra 6
160,000 6 Apr. 2012 1,000 No No
Washing Equipment nty months
8
WUXI LITTLE SWAN COMPANY LIMITED ABSTRACT OF INTERIM REPORT 2012
Manufacturing Co.,
Ltd.
Hefei Royalstar
Washing Equipment Warra 6
2 Mar. 2012 160,000 24 Apr. 2012 3,306 No No
Manufacturing Co., nty months
Ltd.
Hefei Royalstar
Washing Equipment Warra 6
2 Mar. 2012 160,000 24 May 2012 6,527 No No
Manufacturing Co., nty months
Ltd.
Hefei Royalstar
Washing Equipment Warra 6
2 Mar. 2012 160,000 21 Jun. 2012 6,291 No No
Manufacturing Co., nty months
Ltd.
Hefei Royalstar
Washing Equipment Warra 6
2 Mar. 2012 160,000 21 Jun. 2012 8,664 No No
Manufacturing Co., nty months
Ltd.
Hefei Royalstar
Washing Equipment Warra 6
2 Mar. 2012 160,000 1 Jun. 2012 1,074 No No
Manufacturing Co., nty months
Ltd.
Total actual occurred
Total guarantee line approved for the amount of guarantee for
subsidiaries during the reporting period 165,000 the subsidiaries during 37,814
(B1) the reporting period
(B2)
Total actual guarantee
Total guarantee line that has been balance for the
approved for the subsidiaries at the end of 165,000 subsidiaries at the end 37,814
the reporting period (B3) of the reporting period
(B4)
Total guarantee amount provided by the Company (total of the above-mentioned two kinds of guarantees)
Total actual occurred
Total guarantee line approved during the amount of guarantee
165,000 37,814
reporting period (A1+B1) during the reporting
period (A2+B2)
Total guarantee line that has been Total actual guarantee
approved at the end of the reporting balance at the end of the
period 165,000 37,814
reporting period
(A3+B3) (A4+B4)
Proportion of total guarantee amount (A4+B4) to the net assets of the
0.1071
Company
Of which:
Amount of guarantee for shareholders, actual controller and
0
related parties (C)
Amount of debt guarantee provided for the guaranteed party
whose asset-liability ratio is not less than 70% directly or 0
indirectly (D)
Part of the amount of the total guarantee over 50% of net assets
0
(E)
Total amount of the above three guarantees (C+D+E) 0
Explanation on possible bearing joint responsibility of
Naught
liquidation due to immature guarantee
Explanation on provision of guarantees for external parties in
Naught
violation of the prescribed procedure
9
WUXI LITTLE SWAN COMPANY LIMITED ABSTRACT OF INTERIM REPORT 2012
（III）Non-operating credits and liabilities with related parties
Was there any non-operating credit or liability with any related party?
□ Yes √ No
（IV）Significant lawsuits and arbitrations
□Applicable √Inapplicable
（V） Other significant events as well as analysis and explanations on their impact and
solutions
□Applicable √Inapplicable
1. Securities investment
□Applicable √Inapplicable
Notes to securities investment:
Naught
2. Holding equity of other listed companies
√Applicable □Inapplicable
Gain/loss
Change of
Initial Proportion in Closing in the
owners’ equity
Stock investment the company’s carrying reporting
Stock code during the Accounting title Stock source
abbr. amount total equity amount period
reporting period
(RMB Yuan) (%) (RMB Yuan) (RMB
(RMB Yuan)
Yuan)
Available-for-sale Private
400038 HXGK 100,300.00 0.01% 228,144.00 0.00 -47,980.80
financial assets offering
Total 100,300.00 -- 228,144.00 0.00 -47,980.80 -- --
Notes to holding equity of other listed companies:
Naught
3. Capital occupation during the reporting period and debt-clearing progress
□Applicable √Inapplicable
The accountability plan put forward by the Board of Directors when the Company had not completed collecting
the capital occupied for non-operating purposes by the end of the reporting period
□Applicable √Inapplicable
4. Fulfillment of commitments
Commitments made by the Company, its directors, supervisors, senior management, shareholders holding more
than 5% shares of the Company, actual controller or any other relevant party in this reporting period, or such
commitments carried down into this reporting period
√Applicable □Inapplicable
Commitmen Commitment
Contents Fulfillment
t maker
Commitmen Where the controlling shareholder GD Midea Holding Co., Ltd. (Midea Holding) plans In the process
Controlling
t on share
shareholder to sell the Company’s shares released from trading moratorium held by it via the bid of
reform trading system of the Shenzhen Stock Exchange, and Midea Holding decreases over implementati
10
WUXI LITTLE SWAN COMPANY LIMITED ABSTRACT OF INTERIM REPORT 2012
5% shares within six months since the first reduction of holdings, Midea Holding will on
disclose the suggestive announcement on share selling through the Company two
trading days before its first reduction of holdings.
1. As for Midea Holding’s commitment on share lock-up, it has committed that it
will not transfer Little Swan shares held by it within 36 months since the date when the
private share offering deal is closed.
2. As for the commitment of avoiding horizontal competition, Midea Holding (the
controlling shareholder) and Mr. He Xiangjian (the actual controller) has promised that,
for the period after the said transaction when the Company’s controlling shareholder
and actual controller remain unchanged, Midea Holding, Mr. He Xiangjian and other
subsidiary companies under their control excluding the Company and the Company’s
subordinate companies will not increase business or establish new subsidiary
companies engaged in business which is the same with or similar to the Company’s
main business or forms substantial horizontal competition with the Company. If they
act against the commitment above, profits thus generated will be attributable to the
Company.
3. As for the commitment for regulating related-party transactions, GD Midea
Holding (the controlling shareholder) and Mr. He Xiangjian (the actual controller) have
promised that when there are inevitable related-party transactions or such transaction
incurred with rational reasons after the completion of the transaction, they will follow
the fair, reasonable and market principles in formulating and signing relevant
agreements on such related-party transactions and ensure that no harm will be done to
interests of the Company and other shareholders. Where GD Midea Holding and Mr.
He Xiangjian act against the promise above and damage interests of the Company and
other shareholders, they will assume liabilities for compensation according to relevant
provisions.
4. As for the commitment on independence, GD Midea Holding has promised to
protect Little Swan’s independence in terms of assets, staff, finance, organization and
business.
5. As for the commitment on related-party deposits and borrowings, up to 8 Apr.
Commitmen 2010, the Financial Settlement Center of GD Midea Holding had settled all internal
t in the deposits and borrowings with Hefei Royalstar Washing Equipment Manufacturing Co.,
Controlling Ltd.; and GD Midea Holding has promised that there will be no more deposits, In the process
acquisition
shareholder borrowings or other funds flows incurred between the Financial Settlement Center and of
report or the
and actual Hefei Royalstar Washing Equipment Manufacturing Co., Ltd.. implementati
report on
controller on
equity 6. The commitment by GD Midea Holding on housing properties with no
changes ownership certificates of the target company for sale is detailed as follows. Two
pieces of the buildings of Royalstar Washing Equipment assessed and sold to the
Company are of no ownership certificates—the warehouse for half-finished products
(176 square meters) and the workshop for injection molding (834 square meters), both
located in the old factory of Royalstar Washing Equipment, Hewa Road, Hefei. GD
Midea Holding has promised that if loss occurs due to the said two buildings without
ownership certificates in the asset disposal process in the future, it will assume the loss
thus caused and make compensation to the Company.
7. The commitment by GD Midea Holding on trademarks is detailed as follows.
(1) Concerning the “Midea” trademark: Upon approval and implementation of the
equity transfer transaction, GD Midea Holding has promised that it will make sure that
Royalstar Washing Equipment uses the “Midea” trademark in a proper manner.
Royalstar Washing Equipment will be allowed to use the “Midea” trademark with a
trademark use fee not more than that paid by Midea Group (the controlling shareholder
of GD Midea Holding) and its subsidiaries (currently 3‰ of the annual sales income
generated by products using the “Midea” trademark), and upon negotiation and signing
of the “Agreement for Trademark Use”. The related-party transactions incurred due to
the said use of the “Midea” trademark will be submitted to the decision-making organ
of the Company for approval according to the stipulated procedure. As such, interests
of the Company and its minority shareholders will be safeguarded. (2) Concerning the
“Royalstar” trademark: GD Midea Holding has signed the “Contract for Trademark
Use” with Royalstar Group and obtained the ordinary use rights of the “Royalstar” (or
“荣事达”) trademark. As the transferor in the transfer transaction of equity interests of
Royalstar Washing Equipment, GD Midea Holding has promised that within the scope
as agreed in the “Contract for Trademark Use”, if any dispute arises between Royalstar
Washing Equipment and Royalstar Group over the former’s execution of the “Contract
for Trademark Use”, Little Swan will not be involved. If Royalstar Washing Equipment
and Little Swan have to assume any responsibility or loss due to the aforesaid dispute,
GD Midea Holding is willing to take on the responsibility instead and make
11
WUXI LITTLE SWAN COMPANY LIMITED ABSTRACT OF INTERIM REPORT 2012
compensations to Royalstar Washing Equipment and Little Swan at full amount.
8. The commitment by GD Midea Holding on social security payment and tax
risks is detailed as follows. GD Midea Holding has promised that upon the completion
of the said equity transfer deal, if Royalstar Washing Equipment is obliged to take on
any responsibility or pay relevant fares as required by relevant government authorities
due to its social security payment before the said deal, GD Midea Holding is willing to
pay relevant fares for Royalstar Washing Equipment to relevant government authorities
in a timely manner and assume any other liability. If any loss thus occurs to Royalstar
Washing Equipment or Little Swan, GD Midea Holding is willing to assume relevant
responsibilities for compensation. Upon the completion of the said equity transfer deal,
if income tax evasion or any other tax risk is found in Royalstar Washing Equipment,
GD Midea Holding is willing to assume relevant legal responsibilities and risks and
pay relevant taxes in a timely manner to relevant government authorities; and if any
loss thus occurs to Little Swan, GD Midea Holding will assume the corresponding
responsibility for compensation.
Commitmen
ts made in
Naught Naught
an asset
exchange
Commitmen
ts made in
Naught Naught
share
issuance
Other
commitment
s made to Naught Naught
minority
shareholders
5. Pre-plan of the Board of Directors for profit distribution or turning capital reserves into share capital
□Applicable √Inapplicable
6. Items of other comprehensive income
Unit: RMB Yuan
Items Jan.-Jun. 2012 Jan.-Jun. 2011
1. Profits/(losses) from available-for-sale financial assets -56,448.00 9,408.00
Less: Effects on income tax generating from available-for-sale financial assets -8,467.20 1,411.20
Net amount transferred into profit and loss in the current period that recognized into other
comprehensive income in prior period
Subtotal -47,980.80 7,996.80
2. Interests in the investee entities’ other comprehensive income as per equity method
Less: Effects on income tax generating from the interests in the investee entities’ other
comprehensive income as per equity method
Net amount transferred into profit and loss in the current period that recognized into other
comprehensive income in prior period
Subtotal
3. Profits/(losses) from cash flow hedging instrument
Less: Effects on income tax generating from cash flow hedging instrument
Net amount transferred into profit and loss in the current period that recognized into other
comprehensive income in prior period
The adjustment value that is the converted initial recognition amount of arbitrage project
Subtotal
4. Converted amount of foreign currency financial statements 119,668.34 -754,385.29
Less: Net value of disposal of oversea operations that recognized into current profit and loss
Subtotal 119,668.34 -754,385.29
12
WUXI LITTLE SWAN COMPANY LIMITED ABSTRACT OF INTERIM REPORT 2012
5. Other
Less: Effects on income tax generating from the others that included into other
comprehensive income
Net amount transferred into profit and loss in the current period that recognized into other
comprehensive income in prior period
Subtotal
Total 71,687.54 -746,388.49
（VI）Particulars about researches, visits and interviews received in this reporting period
Main discussion and
Place of Way of Visitor
Time of reception Visitor materials provided by
reception reception type
the Company
Conference
Institutio Overall operation of
9 Jan. 2012 Room of the Field research Sinolink Securities
n the Company
Company
Conference
Institutio Overall operation of
13 Mar. 2012 Room of the Field research Sinolink Securities, E Fund Management
n the Company
Company
Conference
Institutio Overall operation of
22 Mar. 2012 Room of the Field research Huatai United Securities, Bosera Funds
n the Company
Company
Conference
Institutio Jinling Evening Nes, Huatai Securities Overall operation of
23 Apr. 2012 Room of the Field research
n and individual shareholders the Company
Company
Conference Morgan Stanley, Keywise Capital,
Institutio Overall operation of
8 May 2012 Room of the Field research Azentus Capital, UG Investment,
n the Company
Company Comgest, Norges Bank
Conference
Institutio Overall operation of
16 May 2012 Room of the Field research ChinaAMC
n the Company
Company
Conference
Institutio Changjiang Securities, PICC Asset Overall operation of
23 May 2012 Room of the Field research
n Management the Company
Company
Conference
Institutio Overall operation of
28 May 2012 Room of the Field research Dacheng Fund Management
n the Company
Company
VII. Financial Report
（I）Audit opinion
Has this interim report been audited?
□ Yes √ No
（II）Financial statements
Consolidated statements or not?
√ Yes □ No
1. Consolidated balance sheet
Prepared by Wuxi Little Swan Co., Ltd.
Unit: RMB Yuan
13
WUXI LITTLE SWAN COMPANY LIMITED ABSTRACT OF INTERIM REPORT 2012
Item Note 30 Jun. 2012 31 Dec. 2011
Current Assets:
Monetary funds 3,120,949,620.15 2,415,450,351.24
Settlement reserves
Intra-group lendings
Transactional financial assets 4,292,300.00
Notes receivable 1,001,881,578.18 2,757,923,958.94
Accounts receivable 995,885,577.81 929,389,061.45
Accounts paid in advance 216,011,619.87 250,051,980.25
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract reserves
Interest receivable
Dividend receivable
Other accounts receivable 18,887,033.61 15,548,447.50
Financial assets purchased under agreements to
resell
Inventories 622,818,920.09 809,400,728.98
Non-current assets due within 1 year
Other current assets 61,849,729.40 112,052,669.26
Total current assets 6,038,284,079.11 7,294,109,497.62
Non-current assets:
Loans by mandate and advances granted
Available-for-sale financial assets 228,144.00 284,592.00
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 5,889,739.26 5,838,851.75
Investing property 5,146,268.73 5,242,947.48
Fixed assets 1,328,967,037.77 1,365,332,660.33
Construction in progress 4,954,600.00
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 312,965,665.76 316,860,016.08
R&D expense
Goodwill
Long-term deferred expenses 43,120,404.20 52,754,858.43
Deferred income tax assets 86,597,767.27 104,762,053.25
Other non-current assets
Total of non-current assets 1,787,869,626.99 1,851,075,979.32
Total assets 7,826,153,706.10 9,145,185,476.94
Current liabilities:
Short-term borrowings 6,961,486.36
Borrowings from Central Bank
Customer bank deposits and due to banks and
other financial institutions
14
WUXI LITTLE SWAN COMPANY LIMITED ABSTRACT OF INTERIM REPORT 2012
Intra-group borrowings
Transactional financial liabilities
Notes payable 1,131,522,411.92 1,539,319,483.44
Accounts payable 2,023,593,612.48 2,815,488,171.38
Accounts received in advance 358,450,431.48 485,754,049.80
Financial assets sold for repurchase
Handling charges and commissions payable
Employee’s compensation payable 97,311,748.42 135,480,654.26
Tax payable -49,512,188.46 1,463,883.21
Interest payable
Dividend payable 3,710,206.21 2,838,070.21
Other accounts payable 161,576,058.72 165,405,271.16
Reinsurance premiums payable
Insurance contract reserves
Payables for acting trading of securities
Payables for acting underwriting of securities
Non-current liabilities due within 1 year
Other current liabilities
Total current liabilities 3,726,652,280.77 5,152,711,069.82
Non-current liabilities:
Long-term borrowings
Bonds payable
Long-term payables
Specific payables
Estimated liabilities 19,418,640.40 20,152,637.08
Deferred income tax liabilities 19,176.60 671,488.80
Other non-current liabilities 7,318,250.00 6,621,250.00
Total non-current liabilities 26,756,067.00 27,445,375.88
Total liabilities 3,753,408,347.77 5,180,156,445.70
Owners’ equity (or shareholders’ equity)
Paid-up capital (or share capital) 632,487,764.00 632,487,764.00
Capital reserves 1,096,109,333.71 1,096,157,314.51
Less: Treasury stock
Specific reserves
Surplus reserves 249,433,912.28 249,433,912.28
Provisions for general risks
Retained profits 1,555,341,091.53 1,465,610,508.78
Foreign exchange difference -2,424,893.78 -2,544,562.12
Total equity attributable to owners of the Company 3,530,947,207.74 3,441,144,937.45
Minority interests 541,798,150.59 523,884,093.79
Total owners’ (or shareholders’) equity 4,072,745,358.33 3,965,029,031.24
Total liabilities and owners’ (or shareholders’)
7,826,153,706.10 9,145,185,476.94
equity
Legal representative: Mr. Fang Hongbo Person-in-charge of the accounting work: Ms. Xiao Li
Chief of the accounting division: Mr. Zhong Fangliu
15
WUXI LITTLE SWAN COMPANY LIMITED ABSTRACT OF INTERIM REPORT 2012
2. Balance sheet of the Company
Unit: RMB Yuan
Item Note 30 Jun. 2012 31 Dec. 2011
Current Assets:
Monetary funds 2,148,447,862.14 1,550,043,784.36
Transactional financial assets 2,668,300.00
Notes receivable 615,569,148.23 1,764,588,946.47
Accounts receivable 724,430,774.58 707,158,935.38
Accounts paid in advance 369,346,206.58 338,046,007.02
Interest receivable
Dividend receivable
Other accounts receivable 18,126,904.01 11,930,349.24
Inventories 358,435,523.70 449,255,444.14
Non-current assets due within 1 year
Other current assets 40,284,918.81 75,984,449.98
Total current assets 4,274,641,338.05 4,899,676,216.59
Non-current assets:
Available-for-sale financial assets 228,144.00 284,592.00
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 1,669,633,818.33 1,669,582,930.82
Investing property 5,146,268.73 5,242,947.48
Fixed assets 610,184,450.15 630,160,566.16
Construction in progress 970,000.00
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 108,318,198.07 109,720,754.23
R&D expense
Goodwill
Long-term deferred expenses 40,332,094.49 46,948,131.13
Deferred income tax assets 47,204,452.96 61,626,184.39
Other non-current assets
Total of non-current assets 2,482,017,426.73 2,523,566,106.21
Total assets 6,756,658,764.78 7,423,242,322.80
Current liabilities:
Short-term borrowings
Transactional financial liabilities
Notes payable 753,384,896.60 1,046,275,176.33
Accounts payable 1,754,670,097.35 1,923,823,612.54
Accounts received in advance 230,430,806.60 385,922,579.96
Employee’s compensation payable 23,040,782.47 42,610,721.50
Tax payable -11,156,266.17 54,075,370.51
Interest payable
Dividend payable 3,710,206.21 2,838,070.21
16
WUXI LITTLE SWAN COMPANY LIMITED ABSTRACT OF INTERIM REPORT 2012
Other accounts payable 181,668,477.24 192,113,998.82
Non-current liabilities due within 1 year
Other current liabilities
Total current liabilities 2,935,749,000.30 3,647,659,529.87
Non-current liabilities:
Long-term borrowings
Bonds payable
Long-term payables
Specific payables
Estimated liabilities 384,464.01 1,199,402.08
Deferred income tax liabilities 19,176.60 427,888.80
Other non-current liabilities 900,000.00 1,200,000.00
Total non-current liabilities 1,303,640.61 2,827,290.88
Total liabilities 2,937,052,640.91 3,650,486,820.75
Owners’ equity (or shareholders’ equity)
Paid-up capital (or share capital) 632,487,764.00 632,487,764.00
Capital reserves 1,258,161,388.94 1,258,209,369.74
Less: Treasury stock
Specific reserves
Surplus reserves 236,783,768.38 236,783,768.38
Retained profits 1,692,173,202.55 1,645,274,599.93
Foreign exchange difference
Total owners’ (or shareholders’) equity 3,819,606,123.87 3,772,755,502.05
Total liabilities and owners’ (or shareholders’)
6,756,658,764.78 7,423,242,322.80
equity
3. Consolidated income statement
Unit: RMB Yuan
Item Note Jan.-Jun. 2012 Jan.-Jun. 2011
I. Total operating revenues 3,101,328,731.14 6,747,514,122.53
Including: Sales income 3,101,328,731.14 6,747,514,122.53
Interest income
Premium income
Handling charge and commission income
II. Total operating cost 2,849,301,204.78 6,398,355,750.97
Including: Cost of sales 2,453,880,581.19 5,611,799,841.30
Interest expenses
Handling charge and commission expenses
Surrenders
Net claims paid
Net amount withdrawn for the insurance contract
reserve
Expenditure on policy dividends
Reinsurance premium
Taxes and associate charges 15,731,754.99 15,808,434.08
Selling and distribution expenses 283,844,635.96 524,121,604.12
17
WUXI LITTLE SWAN COMPANY LIMITED ABSTRACT OF INTERIM REPORT 2012
Administrative expenses 123,624,901.19 239,982,133.45
Financial expenses -30,539,990.76 1,111,770.69
Asset impairment loss 2,759,322.21 5,531,967.33
Add: Gain/(loss) from change in fair value (“-” means loss) -4,292,300.00 11,689,065.84
Gain/(loss) from investment (“-” means loss) 5,062,792.63 29,611,899.97
Including: share of profits in associates and joint ventures
Foreign exchange gains (“-” means loss)
III. Business profit (“-” means loss) 252,798,018.99 390,459,337.37
Add: non-operating income 19,060,727.43 35,813,800.82
Less: non-operating expense 3,687,447.12 8,532,952.89
Including: loss from non-current asset disposal
IV. Total profit (“-” means loss) 268,171,299.30 417,740,185.30
Less: Income tax expense 34,029,106.95 84,435,392.66
V. Net profit (“-” means loss) 234,142,192.35 333,304,792.64
Including: Net profit achieved by combined parties
before the combinations
Attributable to owners of the Company 216,228,135.55 280,338,482.78
Minority shareholders’ income 17,914,056.80 52,966,309.86
VI. Earnings per share -- --
(I) Basic earnings per share 0.34 0.44
(II) Diluted earnings per share 0.34 0.44
Ⅶ. Other comprehensive incomes 71,687.54 -746,388.49
Ⅷ. Total comprehensive incomes 234,213,879.89 332,558,404.15
Attributable to owners of the Company 216,299,823.09 279,592,094.29
Attributable to minority shareholders 17,914,056.80 52,966,309.86
Where business mergers under the same control occurred in this report period, the net profit achieved by the merged parties before
the business mergers was RMB 0.
Legal representative: Mr. Fang Hongbo Person-in-charge of the accounting work: Ms. Xiao Li
Chief of the accounting division: Mr. Zhong Fangliu
4. Income statement of the Company
Unit: RMB Yuan
Item Note Jan.-Jun. 2012 Jan.-Jun. 2011
I. Total sales 1,895,174,546.25 4,503,507,595.18
Less: cost of sales 1,465,593,618.16 3,859,258,085.70
Business taxes and surcharges 12,694,175.13 7,417,194.31
Distribution expenses 183,560,344.78 318,150,362.73
Administrative expenses 72,560,340.83 153,475,177.10
Financial costs -25,175,650.73 753,612.67
Impairment loss -13,852.04 12,206,134.25
Add: gain/(loss) from change in fair value (“-” means loss) -2,668,300.00 8,843,355.56
Gain/(loss) from investment (“-” means loss) 3,227,992.63 72,317,097.26
Including: income form investment on associates and joint
ventures
18
WUXI LITTLE SWAN COMPANY LIMITED ABSTRACT OF INTERIM REPORT 2012
II. Business profit (“-” means loss) 186,515,262.75 233,407,481.24
Add: non-business income 12,106,147.22 17,807,847.27
Less: non-business expense 3,224,662.42 6,674,075.60
Including: loss from non-current asset disposal
III. Total profit (“-” means loss) 195,396,747.55 244,541,252.91
Less: income tax expense 22,000,592.14 43,893,886.62
IV. Net profit (“-” means loss) 173,396,155.41 200,647,366.29
V. Earnings per share -- --
(I) Basic earnings per share
(II) Diluted earnings per share
VI. Other comprehensive income -47,980.80 7,996.80
VII. Total comprehensive income 173,348,174.61 200,655,363.09
5. Consolidated cash flow statement
Unit: RMB Yuan
Item Jan.-Jun. 2012 Jan.-Jun. 2011
I. Cash flows from operating activities:
Cash received from sale of commodities and rendering of service 3,674,745,722.64 3,434,839,906.65
Net increase of deposits from customers and dues from banks
Net increase of loans from the central bank
Net increase of funds borrowed from other financial institutions
Cash received from premium of original insurance contracts
Net cash received from reinsurance business
Net increase of deposits of policy holders and investment fund
Net increase of disposal of tradable financial assets
Cash received from interest, handling charges and commissions
Net increase of intra-group borrowings
Net increase of funds in repurchase business
Tax refunds received 79,016,919.17 99,468,275.47
Other cash received relating to operating activities 53,681,539.89 22,789,774.26
Subtotal of cash inflows from operating activities 3,807,444,181.70 3,557,097,956.38
Cash paid for goods and services 2,160,266,283.45 2,993,839,332.97
Net increase of customer lendings and advances
Net increase of funds deposited in the central bank and amount due
from banks
Cash for paying claims of the original insurance contracts
Cash for paying interest, handling charges and commissions
Cash for paying policy dividends
Cash paid to and for employees 248,006,127.35 292,624,388.63
Various taxes paid 172,805,301.91 228,116,211.42
Other cash payment relating to operating activities 316,928,858.26 551,518,850.99
Subtotal of cash outflows from operating activities 2,898,006,570.97 4,066,098,784.01
Net cash flows from operating activities 909,437,610.73 -509,000,827.63
II. Cash flows from investing activities:
Cash received from withdrawal of investments
Cash received from return on investments 5,011,905.12 12,179,078.24
19
WUXI LITTLE SWAN COMPANY LIMITED ABSTRACT OF INTERIM REPORT 2012
Net cash received from disposal of fixed assets, intangible assets
5,409,242.65 18,117,988.90
and other long-term assets
Net cash received from disposal of subsidiaries or other business
-3,027,789.49
units
Other cash received relating to investing activities
Subtotal of cash inflows from investing activities 10,421,147.77 27,269,277.65
Cash paid to acquire fixed assets, intangible assets and other
86,310,128.35 151,044,435.96
long-term assets
Cash paid for investment
Net increase of pledged loans
Net cash paid to acquire subsidiaries and other business units
Other cash payments relating to investing activities
Subtotal of cash outflows from investing activities 86,310,128.35 151,044,435.96
Net cash flows from investing activities -75,888,980.58 -123,775,158.31
III. Cash Flows from Financing Activities:
Cash received from capital contributions
Including: Cash received from minority shareholder investments
by subsidiaries
Cash received from borrowings 76,635,770.48
Cash received from issuance of bonds
Other cash received relating to financing activities
Subtotal of cash inflows from financing activities 0.00 76,635,770.48
Repayment of borrowings 6,961,486.36 46,065,260.92
Cash paid for interest expenses and distribution of dividends or
118,658,592.00 76,637,741.32
profit
Including: dividends or profit paid by subsidiaries to minority
shareholders
Other cash payments relating to financing activities
Sub-total of cash outflows from financing activities 125,620,078.36 122,703,002.24
Net cash flows from financing activities -125,620,078.36 -46,067,231.76
IV. Effect of foreign exchange rate changes on cash and cash
equivalents
V. Net increase in cash and cash equivalents 707,928,551.79 -678,843,217.70
Add: Opening balance of cash and cash equivalents 2,279,653,302.57 2,119,023,194.93
VI. Closing balance of cash and cash equivalents 2,987,581,854.36 1,440,179,977.23
6. Cash flow statement of the Company
Unit: RMB Yuan
Item Jan.-Jun. 2012 Jan.-Jun. 2011
I. Cash flows from operating activities:
Cash received from sale of commodities and rendering of service 2,247,822,270.50 2,148,607,456.50
Tax refunds received 12,058,954.37 34,686,957.95
Other cash received relating to operating activities 42,551,391.25 12,645,168.45
Subtotal of cash inflows from operating activities 2,302,432,616.12 2,195,939,582.90
Cash paid for goods and services 1,096,066,119.14 2,121,912,978.38
Cash paid to and for employees 137,373,199.90 156,651,462.53
Various taxes paid 132,773,784.78 120,478,532.57
Other cash payment relating to operating activities 185,171,318.69 331,378,118.59
20
WUXI LITTLE SWAN COMPANY LIMITED ABSTRACT OF INTERIM REPORT 2012
Subtotal of cash outflows from operating activities 1,551,384,422.51 2,730,421,092.07
Net cash flows from operating activities 751,048,193.61 -534,481,509.17
II. Cash flows from investing activities:
Cash received from retraction of investments
Cash received from return on investments 3,137,105.12 46,179,183.00
Net cash received from disposal of fixed assets, intangible assets
5,297,792.57 16,635,964.50
and other long-term assets
Net cash received from disposal of subsidiaries or other business
37,500,000.00
units
Other cash received relating to investing activities
Subtotal of cash inflows from investing activities 8,434,897.69 100,315,147.50
Cash paid to acquire fixed assets, intangible assets and other
62,176,366.55 33,198,788.79
long-term assets
Cash paid for investment
Net cash paid to acquire subsidiaries and other business units 200,000.00
Other cash payments relating to investing activities
Subtotal of cash outflows from investing activities 62,176,366.55 33,398,788.79
Net cash flows from investing activities -53,741,468.86 66,916,358.71
III. Cash Flows from Financing Activities:
Cash received from capital contributions
Cash received from borrowings 76,635,770.48
Cash received from issuance of bonds
Other cash received relating to financing activities
Subtotal of cash inflows from financing activities 0.00 76,635,770.48
Repayment of borrowings
Cash paid for interest expenses and distribution of dividends or
118,658,592.00 60,923,741.32
profit
Other cash payments relating to financing activities
Sub-total of cash outflows from financing activities 118,658,592.00 60,923,741.32
Net cash flows from financing activities -118,658,592.00 15,712,029.16
IV. Effect of foreign exchange rate changes on cash and cash
equivalents
V. Net increase in cash and cash equivalents 578,648,132.75 -451,853,121.30
Add: Opening balance of cash and cash equivalents 1,470,854,364.19 1,492,995,931.54
VI. Closing balance of cash and cash equivalents 2,049,502,496.94 1,041,142,810.24
21
WUXI LITTLE SWAN COMPANY LIMITED ABSTRACT OF INTERIM REPORT 2012
7. Consolidated statement of changes in owners’ equity
Reporting period Unit: RMB Yuan
Reporting period
Equity attributable to owners of the Company
Item Paid-up Less: Specifi Gener Minority Total owners’
capital (or treasur c al risk interests equity
Capital reserve Surplus reserve Retained profit Others
share y reserv reserv
capital) stock e e
I. Balance at the end of the previous year 632,487,764 1,096,157,314.51 249,433,912.28 1,465,610,508.78 -2,544,562.12 523,884,093.78 3,965,029,031.23
Add: change of accounting policy
Correction of errors in previous periods
Other
II. Balance at the beginning of the year 632,487,764 1,096,157,314.51 249,433,912.28 1,465,610,508.78 -2,544,562.12 523,884,093.78 3,965,029,031.23
III. Increase/ decrease of amount in the year
-47,980.8 89,730,582.75 119,668.34 17,914,056.8 107,716,327.09
(“-” means decrease)
(I) Net profit 216,228,135.55 17,914,056.8 234,142,192.35
(II) Other comprehensive incomes -47,980.8 119,668.34 71,687.54
Subtotal of (I) and (II) -47,980.8 216,228,135.55 119,668.34 17,914,056.8 234,213,879.89
(III) Capital paid in and reduced by owners 0 0 0 0 0 0 0 0 0 0
1. Capital paid in by owners
2. Amounts of share-based payments
recognized in owners’ equity
3. Others
(IV) Profit distribution 0 0 0 0 0 0 -126,497,552.8 0 0 -126,497,552.8
1. Appropriations to surplus reserves
2. Appropriations to general risk
provisions
3. Appropriations to owners (or
-126,497,552.8 -126,497,552.8
shareholders)
4. Other
(V) Internal carry-forward of owners’
0 0 0 0 0 0 0 0 0 0
equity
1. New increase of capital (or share
capital) from capital public reserves
22
WUXI LITTLE SWAN COMPANY LIMITED ABSTRACT OF INTERIM REPORT 2012
2. New increase of capital (or share
capital) from surplus reserves
3. Surplus reserves for making up losses
4. Other
(Ⅵ) Specific reserve
1. Withdrawn for the period
2. Used in the period
(Ⅶ) Other
IV. Closing balance 632,487,764 1,096,109,333.71 249,433,912.28 1,555,341,091.53 -2,424,893.78 541,798,150.58 4,072,745,358.33
Last year Unit: RMB Yuan
Last year
Equity attributable to owners of the Company
Item Paid-up Less: Specifi Gener Minority Total owners’
capital (or treasur c al risk interests equity
Capital reserve Surplus reserve Retained profit Others
share y reserv reserv
capital) stock e e
I. Balance at the end of the previous year 632,487,764 1,099,965,927.1 212,889,613.44 1,112,075,620.21 -937,948.99 454,361,306.04 3,510,842,281.8
Add: retrospective adjustments due to
business combinations under the same control
Add: change of accounting policy
Correction of errors in previous periods
Other
II. Balance at the beginning of the year 632,487,764 1,099,965,927.1 212,889,613.44 1,112,075,620.21 -937,948.99 454,361,306.04 3,510,842,281.8
III. Increase/ decrease of amount in the year
-3,808,612.59 36,544,298.84 353,534,888.57 -1,606,613.13 69,522,787.75 454,186,749.44
(“-” means decrease)
(I) Net profit 353,534,888.57 85,236,787.75 438,771,676.32
(II) Other comprehensive incomes -23,990.4 -1,606,613.13 -1,630,603.53
Subtotal of (I) and (II) -23,990.4 353,534,888.57 -1,606,613.13 85,236,787.75 437,141,072.79
(III) Capital paid in and reduced by owners 0 -3,784,622.19 0 0 0 0 0 0 -15,714,000 -19,498,622.19
1. Capital paid in by owners
2. Amounts of share-based payments
recognized in owners’ equity
3. Others -3,784,622.19 -15,714,000 -19,498,622.19
23
WUXI LITTLE SWAN COMPANY LIMITED ABSTRACT OF INTERIM REPORT 2012
(IV) Profit distribution 0 0 0 0 0 0 0 0 0 0
1. Appropriations to surplus reserves
2. Appropriations to general risk
provisions
3. Appropriations to owners (or
shareholders)
4. Other
(V) Internal carry-forward of owners’
0 0 0 0 0 0 0 0 0 0
equity
1. New increase of capital (or share
capital) from capital public reserves
2. New increase of capital (or share
capital) from surplus reserves
3. Surplus reserves for making up losses
4. Other
(Ⅵ) Specific reserve
1. Withdrawn for the period
2. Used in the period
(Ⅶ) Other
IV. Closing balance 632,487,764 1,096,157,314.51 249,433,912.28 1,465,610,508.78 -2,544,562.12 523,884,093.78 3,965,029,031.23
8. Statement of changes in owners’ equity of the Company
Reporting period Unit: RMB Yuan
Reporting period
Specifi
Item General
Paid-up capital (or share Less: treasury c
Capital reserve Surplus reserve risk Retained profit Total owners’ equity
capital) stock reserv
reserve
e
I. Balance at the end of the previous year 632,487,764 1,258,209,369.74 236,783,768.38 1,645,274,599.93 3,772,755,502.05
Add: change of accounting policy
Correction of errors in previous periods
Other
II. Balance at the beginning of the year 632,487,764 1,258,209,369.74 236,783,768.38 1,645,274,599.93 3,772,755,502.05
24
WUXI LITTLE SWAN COMPANY LIMITED ABSTRACT OF INTERIM REPORT 2012
III. Increase/ decrease of amount in the year
-47,980.8 46,898,602.62 46,850,621.82
(“-” means decrease)
(I) Net profit 173,396,155.42 173,396,155.42
(II) Other comprehensive incomes -47,980.8 -47,980.8
Subtotal of (I) and (II) -47,980.8 173,396,155.42 173,348,174.62
(III) Capital paid in and reduced by owners 0 0 0 0 0 0 0 0
1. Capital paid in by owners
2. Amounts of share-based payments
recognized in owners’ equity
3. Others
(IV) Profit distribution 0 0 0 0 0 0 -126,497,552.8 -126,497,552.8
1. Appropriations to surplus reserves
2. Appropriations to general risk
provisions
3. Appropriations to owners (or
-126,497,552.8 -126,497,552.8
shareholders)
4. Other
(V) Internal carry-forward of owners’ equity 0 0 0 0 0 0 0 0
1. New increase of capital (or share
capital) from capital public reserves
2. New increase of capital (or share
capital) from surplus reserves
3. Surplus reserves for making up losses
4. Other
(Ⅵ) Specific reserve
1. Withdrawn for the period
2. Used in the period
(Ⅶ) Other
IV. Closing balance 632,487,764 1,258,161,388.94 236,783,768.38 1,692,173,202.55 3,819,606,123.87
Last year Unit: RMB Yuan
Last year
Item Paid-up capital (or share Less: treasury Specifi
Capital reserve Surplus reserve General Retained profit Total owners’ equity
capital) stock c risk
25
WUXI LITTLE SWAN COMPANY LIMITED ABSTRACT OF INTERIM REPORT 2012
reserv reserve
e
I. Balance at the end of the previous year 632,487,764 1,258,233,360.14 200,239,469.54 1,379,624,686.82 3,470,585,280.5
Add: change of accounting policy
Correction of errors in previous periods
Other
II. Balance at the beginning of the year 632,487,764 1,258,233,360.14 200,239,469.54 1,379,624,686.82 3,470,585,280.5
III. Increase/ decrease of amount in the year
-23,990.4 36,544,298.84 265,649,913.11 302,170,221.55
(“-” means decrease)
(I) Net profit 365,442,988.35 365,442,988.35
(II) Other comprehensive incomes -23,990.4 -23,990.4
Subtotal of (I) and (II) -23,990.4 365,442,988.35 365,418,997.95
(III) Capital paid in and reduced by owners 0 0 0 0 0 0 0 0
1. Capital paid in by owners
2. Amounts of share-based payments
recognized in owners’ equity
3. Others
(IV) Profit distribution 0 0 0 0 36,544,298.84 0 -99,793,075.24 -63,248,776.4
1. Appropriations to surplus reserves 36,544,298.84 -36,544,298.84
2. Appropriations to general risk
provisions
3. Appropriations to owners (or
-63,248,776.4 -63,248,776.4
shareholders)
4. Other
(V) Internal carry-forward of owners’ equity 0 0 0 0 0 0 0 0
1. New increase of capital (or share
capital) from capital public reserves
2. New increase of capital (or share
capital) from surplus reserves
3. Surplus reserves for making up losses
4. Other
(Ⅵ) Specific reserve
1. Withdrawn for the period
2. Used in the period
26
WUXI LITTLE SWAN COMPANY LIMITED ABSTRACT OF INTERIM REPORT 2012
(Ⅶ) Other
IV. Closing balance 632,487,764 1,258,209,369.74 236,783,768.38 1,645,274,599.93 3,772,755,502.05
27
WUXI LITTLE SWAN COMPANY LIMITED ABSTRACT OF INTERIM REPORT 2012
（III）Notes to the financial statements
1. Changes in main accounting policies or estimates, correction of any significant accounting error and the
influenced amounts
（1）Change of accounting policies
Were the main accounting policies changed during the reporting period?
□ Yes √ No
（2）Change of accounting estimates
Were the main accounting estimates changed during the reporting period?
□ Yes √ No
（3）Correction of accounting errors
Was any accounting error made in previous periods discovered in the reporting period?
□ Yes √ No
2. Reasons for any change of the consolidation scope
P.T. Little Swan Prima Industries has been out of business for years and the shut-down procedure for it has
currently started. The Company has made a full-amount long-term investment impairment provision for this. And
it has never been included in the consolidated financial statements.
3. If a non-standard audit report is issued, the Company should make relevant notes.
28
