HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2009 (FULL TEXT)
1
HEFEI MEILING CO., LTD.
THE THIRD QUARTERLY REPORT FOR 2009
(FULL TEXT)
§1. Important Notes
1.1 The Board of Directors and the Supervisory Committee of Hefei Meiling Co., Ltd. (hereinafter
referred to as the Company), along with all its directors, supervisors and senior executives hereby
confirm that there are no any important omissions, fictitious statements or serious misleading
information carried in this report, and shall take all responsibilities, individual and/or joint, for the
reality, accuracy and completion of the whole contents.
1.2 The Third Quarterly Financial Report 2009 of the Company has not been audited by CPAs.
1.3 Principal of the Company Zhao Yong, Person in Charge of Accounting Works Yu Wanchun and
Person in Charge of Accounting Organ (Accounting Officer) Liu Bimin hereby confirm that the
Financial Report of the Third Quarterly Report is true and complete.
§2. Company Profile
2.1 Main accounting highlights and financial indexes:
Unit: RMB
Sep. 30, 2009 Dec. 31, 2008 Increase/decrease scope
(%)
Total assets (RMB) 4,415,290,701.41 3,390,314,408.86 30.23%
Owners’ equities attributable to the
shareholders of listed company
(RMB)
1,283,432,202.17 1,060,231,039.59 21.05%
Share capital (Share) 413,642,949.00 413,642,949.00 0.00%
Net assets per share attributable to
the shareholders of listed company
(RMB/Share)
3.10 2.56 21.09%
July-Sep. 2009
Increase/decrease
over the same
period of the last
year (%)
Jan.-Sep. 2009
Increase/decrease
over the same
period of the last
year (%)
Total operating income (RMB) 1,536,559,894.02 24.61% 4,099,000,749.46 10.00%
Net profit attributable to the
shareholders of listed company
(RMB)
153,161,303.11 2,992.06% 183,542,357.13 859.04%
Net cash flow arising from operating
activities (RMB) - - -133,489,216.36 -222.02%
Net cash flow arising from operating
activities per share (RMB/Share) - - -0.32 -222.02%
Basic earnings per share
(RMB/Share) 0.37 1,750.00% 0.4437 858.32%
Diluted earnings per share
(RMB/Share) 0.37 1,750.00% 0.4437 858.32%
Return on equity (%) 11.93% 2,353.84% 14.30% 663.75%
Return on equity after deducting
non-recurring gains and losses (%) 7.15% 1,389.07% 6.18% 386.48%HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2009 (FULL TEXT)
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Unit: RMB
Items of non-recurring gains and losses Amount from year begin to
the end of report period Remarks
Gains and losses from the disposal of non-current asset -116,992.54
Governmental subsidy calculated into current gains and
losses, while closely related with the business of the
Company, excluding the fixed-amount or fixed-proportion
governmental subsidy according to the unified national
standard
5,426,789.97
Held transaction financial asset, gains/losses of changes of
fair values from transaction financial liabilities, and
investment gains from disposal of transaction financial asset,
transaction financial liabilities and financial asset available
for sales, exclude the effective hedging business relevant
with normal operations of the Company
98,913,376.15
Other non-operating income and expenditure beside for the
aforementioned items -6,736.83
Total 104,216,436.75 -
2.2 Total number of shareholders at the end of the report period and shares held by the top ten
shareholders with unrestricted conditions
Unit: Share
Total number of shareholders
at the end of report period 62,753
Particulars about the shares held by the top ten shareholders with unrestricted conditions
Full Name of shareholder Unrestricted shares held Type of shares
Changhong (Hong Kong) Trade Co., Ltd. 16,995,815 Domestically listed foreign share
CAO SHENGCHUN 7,178,247 Domestically listed foreign share
Sichuan Changhong Electric Co., Ltd. 4,277,155 RMB common share
Long Qinfang 2,099,566 Domestically listed foreign share
CHEN YI QING 1,608,859 Domestically listed foreign share
Song Tianfeng 1,536,680 RMB common share
Wo Liangliang 1,450,000 RMB common share
DBS VICKERS LTD A/C CLIENTS 1,291,000 Domestically listed foreign share
Anhui Technology Imp. & Exp. Co., Ltd. 1,102,533 RMB common share
Liang Xixian 1,016,005 RMB common share
§3. Significant events
3.1 Particulars about material changes in items of main accounting statement and financial index,
and explanations of reasons
√Applicable □Inapplicable
Item
Change
scope
(compared
with
period-end
Main reasonsHEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2009 (FULL TEXT)
3
of last
year or the
same
period of
last year
Notes receivable 666.92%
Domestic sales increased and the Company received
more bank acceptances in this report period;
endorsement transfer and discount comparatively
decreased, which brought increase of stock bank
acceptances.
Accounts paid in advance -41.96%
RMB 58 million, the account paid in advance by the
subsidiary of the Company-Jiangxi Meiling Company
to liquidation team of Jingdezheng Huayi Electrical
Appliance Corporation for auctioning bankruptcy
assets, had been settled in this year. Details could be
available in point 6, Other significant
proceedings-Annotation 15 of the financial report
2008.
Other receivables -40.37%
Management over fund of disbursement was
strengthened and limit of fund of disbursement was
compressed in this year.
Investment property 283.71% House properties available for external lease have
been increased for this year.
Accounts payable 71.55% As in busy season, accounts which haven’t been due
for settlement paid for purchase have been increased.
Accounts received in advance 35.80% Accounts received in advance for sales were increased
in this report period.
Wage payable 75.77% Early retirement staff increased, thus correspondingly
retirement welfare climbed.
Taxes payable 205.36%
The economic benefit was improved in this year; loss
compensation period had ended at the end of last year;
tax payable was increased.
Other accounts payable 52.77%
The withdrawal market support expense and sales
expense arising from various sales outlets which
hadn’t been applied for reimbursement and paid was
increased in comparison over year-begin.
Projected liabilities 4,569.39%
Expense arising from ten-year-repair-guarantee for
Products Sent to Countryside was withdrawn in this
report period
Other non-current liabilities -
The Company received advanced encouragement from
government for economic development in this report
period, which had been settled yet.
Operating tax and extras 166.02% Value-added tax was paid more in this report period,
thus surtax correspondingly was increased.
Sales expenses 49.52%
To reply to the economic crisis, the Company
arranged works for sending appliances to countryside,
further fractionized market, expansion, subsection
channels and network outlets, and strengthened efforts
in marketing, which resulted in rising expenses such
as market support expense, advertisement fee, manual
work fee, fuel consumption of vehicles, as well as
logistics stock fee; also it was predicted that the sales
expense was resulted in from the guarantee for
10-year-maintenance- for-free for the refrigerators
sent to countryside.
Financial expenses -62.58% Due to the declining interest rate, interests paid in thisHEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2009 (FULL TEXT)
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report period also declined; meanwhile, utilization
efficiency of capital was raised this year.
Investment income (Loss is listed with “-”) 5648.56%
Some financial assets available for sale of China
Pacific Insurance and IFLYTEK were disposed in this
report period.
Non-operating income 60.45% The Company received more governmental subsidy in
this report period
Non-operating expense -71.77% Donation for earthquake area was made last year.
Income tax expense 1,609.35%
By the end of last year, the loss compensation period
of the Company had been matured; and income tax
expenses was increased since the performance
climbed in this report period
Net profit attributable to owner’s of parent
company 859.04%
Since demand for refrigerator market increased, the
Company strategically cut down cost, optimized
products structure, advanced management and
disposed part financial assets available for sale.
Write-back of tax received -98.00% Export rebates was decreased in this report period
Other cash received concerning operating
activities 87.00% Subsidy received in advance from government was
increased in this report period.
Taxes paid 313.00% Performance of this report period was advanced, thus
tax payable also increased.
Net cash received from disposal of fixed,
intangible and other long-term assets 235.00%
Some financial assets available for sale of China
Pacific Insurance and IFLYTEK were disposed in this
report period.
Other cash received concerning investing
activities -36.00% Interests received from bank savings were decreased
in this report period.
Cash paid for purchasing and constructing fixed,
intangible and other long-term assets -73.00% Fixed assets investment was decreased in this report
period.
Cash paid for dividend and profit distributing or
interest paying -40.00% Interest rate fell down, thus interest paid for this report
period also decreased.
3.2 Progress of significant events, their influences, and analysis and explanation of their solutions
□Applicable √Inapplicable
3.3 Implementations of commitments by the Company, shareholders and actual controller
√Applicable □Inapplicable
Commitments Content of commitments Implementation
Commitments for Share Merger
Reform
Legal commitments of
share merger reform
Had accomplished implementation.
Commitments made in Acquisition
Report or Reports on Change in
Interests
Relevant commitments on
avoid competitions of the
same industry
Strictly performed.
3.4 Estimation of accumulative net profit from the beginning of the year to the end of next report
period to be loss probably or the warning of its material change compared with the corresponding
period of the last year and explanation of reason
√Applicable □Inapplicable
Forecast of performances Increased greatly year-on-year
Year-begin to the end of
next report period
The same period
of last year Change of increase/decrease (%)
Estimated amount of
accumulative net profit
(RMB’0000)
25,000.00 2,567.90 Growth 873.56%HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2009 (FULL TEXT)
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Basic earnings per share
(RMB/Share) 0.604 0.0621 Growth 873.56%
Explanations on forecast
of performances
1. In the report period, the Company sold out part of the financial assets available for
sales and obtained bigger investment gains; the actual investment net gains after tax by
selling out part of the financial assets available for sales in the first three quarters of
2009 was about RMB 98,913,400; but because bigger uncertainties remained in future
tendency of capital market, the forecasted investment gains during the period of Oct. 1,
2009-Dec. 31, 2009 were initially calculated by the Company based on the present
market situation;
2. Influenced by the state policies of Home Appliances Going To The Countryside and
Trade the Old for New, the market demands of refrigerator increased; in addition,
strategically decrease in cost, improvement in management abilities and assets quality
of the Company, and adjustment and optimization of products structures accelerated the
advances of operation performance of the Company.
It is forecasted that the net profit attributable to owners of parent company in whole
year of 2009 was about RMB 250 million.
3.5 Particulars about the other significant events which needed explanations
Particulars about the securities investment of the Company in the report period:
Unit: RMB
No. Securities
kinds Stock code Short form
of the stock
Initial
investment
amount
(RMB)
Amount
held in
period-end
(Share)
Book value at
period-end
Total
investment
proportion
of
securities
in
period-end
(%)
Gains and
losses in
report period
1 Stock 002230 iFLYTEK 18,960,000.00 6,513,000 205,810,800.00 100.00% 67,994,623.87
2 Stock 601601
China
Pacific
Insurance
580,000.00 0.00 0.00 0.00% 30,918,752.28
Other stock investment held at the end of report
period 0.00 - 0.00 0.00% 0.00
Gain/loss of the sold securities investment in the
report period - - - - 98,913,376.15
Total 19,540,000.00 - 205,810,800.00 100% 98,913,376.15
3.5.1 Activities on receiving research, communication and interview in the report period
Date Place Way The received parties Contents discussed and
materials supplied
June 30, 2009 Conference room
of the Company Spot investigation
Citic Securities Co.,
Ltd., ABN AMRO
Securities,
CITIC-Prudential
Fund Management
Company Ltd., and
China Galaxy
Securities Co., Ltd.
Get to know the operations of the
Company; no material was
supplied.
Aug. 12, 2009 Conference room
of the Company Spot investigation
Boshi Fund
Management Co.,
Ltd.
Get to know the operations of the
Company; no material was
supplied.HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2009 (FULL TEXT)
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Aug. 19, 2009 Office of the
Company
Telephone
communication
Shenyin &Wanguo
Securities Co. Ltd.
Get to know the operations of the
Company; no material was
supplied.
Oct. 14, 2009 Conference room
of the Company Spot investigation Northeast Securities
Co., Ltd.
Get to know the operations of the
Company; no material was
supplied.
3.6 Particulars about derivatives investment
□Applicable √Inapplicable
3.6.1 Particulars about the positions of derivatives investment at the end of report period
□Applicable √Inapplicable
§4. Appendix
4.1 Balance sheet
Prepared by Hefei Meiling Co., Ltd. Sep. 30, 2009 Unit: RMB
Balance at Items Consolidation pePriaorde-netn Cd ompany ConsolBidaaltaionnce at yePara-rbeengt iCn ompany
Current assets:
Monetary funds 278,463,740.15 247,220,302.97 338,230,921.44 306,127,639.14
Settlement provisions
Capital lent
Transaction finance asset
Notes receivable 1,356,636,606.02 1,356,636,606.02 176,893,815.75 176,893,815.75
Accounts receivable 285,150,344.78 280,087,127.98 282,278,322.28 283,645,063.75
Accounts paid in advance 78,316,298.56 104,975,884.08 134,938,234.66 87,116,862.99
Insurance receivable
Reinsurance receivables
Contract reserve of
reinsurance receivable
Interest receivable
Dividend receivable
Other receivables 23,972,712.07 22,015,530.38 40,200,759.80 39,517,439.05
Purchase restituted
finance asset
Inventories 452,445,402.16 463,638,888.39 538,043,077.21 522,957,717.07
Non-current asset due
within one year
Other current assets
Total current assets 2,474,985,103.74 2,474,574,339.82 1,510,585,131.14 1,416,258,537.75
Non-current assets:
Granted loans and
advances
Finance asset available
for sales 205,810,800.00 205,810,800.00 166,220,000.00 166,220,000.00
Held-to-maturity
investmentHEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2009 (FULL TEXT)
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Long-term account
receivable
Long-term equity
investment 32,205,741.78 164,205,741.78 32,058,769.12 139,199,441.99
Investment property 15,663,873.97 15,663,873.97 4,082,185.28 4,082,185.28
Fixed assets 648,127,116.23 571,934,379.89 667,231,824.31 482,330,683.29
Construction in progress 75,700,176.46 75,646,757.66 60,139,261.97 60,139,261.97
Engineering material
Disposal of fixed asset 359,182,295.15 359,182,295.15 358,013,123.80 358,013,123.80
Productive biological
asset
Oil and gas asset
Intangible assets 589,345,906.08 556,134,706.05 579,003,366.14 574,503,366.14
Expense on Research and
Development
Goodwill
Long-term expenses to be
apportioned
Deferred income tax asset 14,269,688.00 13,790,020.32 12,980,747.10 12,501,079.42
Other non-current asset
Total non-current asset 1,940,305,597.67 1,962,368,574.82 1,879,729,277.72 1,796,989,141.89
Total assets 4,415,290,701.41 4,436,942,914.64 3,390,314,408.86 3,213,247,679.64
Current liabilities:
Short-term loans 358,000,000.00 338,000,000.00 336,427,193.11 306,427,193.11
Loan from central bank
Absorbing deposit and
interbank deposit
Capital borrowed
Transaction financial
liabilities
Notes payable 459,403,287.15 451,959,978.80 584,560,526.09 582,245,703.75
Accounts payable 1,091,562,571.56 1,165,598,107.31 636,288,350.79 657,248,796.03
Accounts received in
advance 433,774,612.63 432,238,897.59 319,411,065.64 318,498,724.58
Selling financial asset of
repurchase
Commission charge and
commission payable
Wage payable 48,994,600.18 47,123,485.25 27,873,906.64 26,863,214.71
Taxes payable 41,578,536.96 42,547,139.77 13,616,162.10 15,213,301.43
Interest payable
Dividend payable 1,387,950.42 1,387,950.42 1,387,950.42 1,387,950.42
Other accounts payable 536,117,729.91 524,955,747.83 350,937,168.31 197,903,731.23
Reinsurance payables
Insurance contract reserve
Security trading of agencyHEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2009 (FULL TEXT)
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Security sales of agency
Non-current liabilities due
within 1 year 3,000,000.00
Other current liabilities
Total current liabilities 2,973,819,288.81 3,003,811,306.97 2,270,502,323.10 2,105,788,615.26
Non-current liabilities:
Long-term loans 16,198,200.00 16,198,200.00 19,198,200.00 16,198,200.00
Bonds payable
Long-term account
payable
Special accounts payable
Projected liabilities 77,080,365.86 77,080,365.86 1,650,759.86 1,650,759.86
Deferred income tax
liabilities 29,000,612.73 29,000,612.73 22,002,000.00 22,002,000.00
Other non-current
liabilities 20,172,100.00 20,172,100.00
Total non-current liabilities 142,451,278.59 142,451,278.59 42,850,959.86 39,850,959.86
Total liabilities 3,116,270,567.40 3,146,262,585.56 2,313,353,282.96 2,145,639,575.12
Owner’s equity (or
shareholders’ equity):
Paid-in capital (or share
capital) 413,642,949.00 413,642,949.00 413,642,949.00 413,642,949.00
Capital public reserve 740,826,884.17 740,686,884.17 701,168,078.72 701,168,751.59
Less: Inventory shares
Reasonable reserve
Surplus public reserve 284,889,548.51 284,889,548.51 284,889,548.51 284,889,548.51
Provision of general risk
Retained profit -155,927,179.51 -148,539,052.60 -339,469,536.64 -332,093,144.58
Balance difference of
foreign currency translation
Total owner’s equity
attributable to parent company 1,283,432,202.17 1,290,680,329.08 1,060,231,039.59 1,067,608,104.52
Minority interests 15,587,931.84 16,730,086.31
Total owner’s equity 1,299,020,134.01 1,290,680,329.08 1,076,961,125.90 1,067,608,104.52
Total liabilities and owner’s
equity 4,415,290,701.41 4,436,942,914.64 3,390,314,408.86 3,213,247,679.64
4.2 Profit statement in the report period
Prepared by Hefei Meiling Co., Ltd. July-Sep. 2009 Unit: RMB
Items ConsolidatioTnh is perPioadr ent Company ConTsohlei dsaatmioen p eriodP oafr elanstt Cyeoamr pany
I. Total operating income 1,536,559,894.02 1,652,197,274.25 1,233,063,629.47 1,296,976,858.64
Including: Operating income 1,536,559,894.02 1,652,197,274.25 1,233,063,629.47 1,296,976,858.64
Interest income
Insurance gained
Commission charge and
commission incomeHEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2009 (FULL TEXT)
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II. Total operating cost 1,463,903,814.13 1,578,813,302.17 1,230,092,745.34 1,292,872,987.29
Including: Operating cost 1,046,549,485.95 1,169,429,381.82 975,430,160.27 1,045,409,838.10
Interest expense
Commission charge and
commission expense
Cash surrender value
Net amount of expense
of compensation
Net amount of
withdrawal of insurance
contract reserve
Bonus expense of
guarantee slip
Reinsurance expense
Operating tax and extras 7,767,147.84 7,469,453.08 3,031,243.10 2,845,545.93
Sales expenses 372,818,027.87 370,302,339.99 196,656,723.53 194,700,510.26
Administration expenses 37,670,803.18 32,622,568.59 38,554,485.68 33,960,873.71
Financial expenses 3,042,025.95 2,933,235.35 15,654,369.62 15,190,456.15
Losses of devaluation of
asset -3,943,676.66 -3,943,676.66 765,763.14 765,763.14
Add: Changing income
of fair value(Loss is listed
with “-”)
Investment income (Loss
is listed with “-”) 107,977,317.95 101,343,198.10 24,936.27 -335,196.58
Including: Investment
income on affiliated company
and joint venture
146,972.66 146,972.66 62,574.61 62,574.61
Exchange income (Loss
is listed with “-”)
III. Operating profit (Loss is
listed with “-”) 180,633,397.84 174,727,170.18 2,995,820.40 3,768,674.77
Add: Non-operating
income 1,723,467.88 1,600,547.88 2,627,834.60 2,604,370.00
Less: Non-operating
expense 502,181.65 475,695.43 1,136,639.65 1,136,538.94
Including: Disposal loss
of non-current asset 29,731.44 29,731.44 219,906.26 219,906.26
IV. Total Profit (Loss is
listed with “-”) 181,854,684.07 175,852,022.63 4,487,015.35 5,236,505.83
Less: Income tax
expense 28,850,649.31 28,850,649.31 175,453.43 -23,982.92
V. Net profit (Net loss is listed
with “-”) 153,004,034.76 147,001,373.32 4,311,561.92 5,260,488.75
Net profit attributable to
owner’s of parent company 153,161,303.11 147,001,373.32 4,953,372.41 5,260,488.75
Minority shareholders’
gains and losses
VI. Earnings per share
i. Basic earnings per share 0.37 0.35 0.02 0.02
ii. Diluted earnings per share 0.37 0.35 0.02 0.02HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2009 (FULL TEXT)
10
VII. Other consolidated
income -14,089,542.16 -14,089,542.16 -81,236,200.00 -81,236,200.00
VIII. Total consolidated
income 138,914,492.60 132,911,831.16 -76,924,638.08 -75,975,711.25
Total consolidated income
attributable to owners of
parent company
139,071,760.95 132,911,831.16 -76,282,827.59 -75,975,711.25
Total consolidated income
attributable to minority
shareholders
-157,268.35 -641,810.49
4.3 Profit statement from year-begin to the end of report period
Prepared by Hefei Meiling Co., Ltd. Jan.-Sep. 2009 Unit: RMB
Amount i Items Consolidation n thiPsa preenrito Cd ompany ConsolAidmatoiounn t in lasPta preenrito Cd o mpany
I. Total operating income 4,099,000,749.46 4,260,573,850.48 3,726,261,097.21 3,865,113,308.56
Including: Operating income 4,099,000,749.46 4,260,573,850.48 3,726,261,097.21 3,865,113,308.56
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 4,008,400,539.80 4,161,689,651.75 3,714,137,905.16 3,851,885,601.86
Including: Operating cost 2,885,665,625.37 3,063,041,501.09 2,909,413,884.53 3,065,560,297.85
Interest expense
Commission charge and
commission expense
Cash surrender value
Net amount of expense of
compensation
Net amount of withdrawal
of insurance contract reserve
Bonus expense of
guarantee slip
Reinsurance expense
Operating tax and extras 26,286,672.63 25,853,053.74 9,881,474.46 9,215,632.75
Sales expenses 951,735,790.78 944,476,597.81 636,530,774.95 632,137,572.01
Administration expenses 118,841,072.25 103,416,672.91 102,449,942.19 90,153,478.92
Financial expenses 15,850,330.89 14,880,778.32 42,355,874.89 41,312,666.19
Losses of devaluation of
asset 10,021,047.88 10,021,047.88 13,505,954.14 13,505,954.14
Add: Changing income of
fair value(Loss is listed with
“-”)
Investment income (Loss
is listed with “-”) 118,412,775.48 111,778,655.63 2,059,868.88 1,699,736.03
Including: Investment
income on affiliated company
and joint venture
146,972.66 146,972.66 147,507.22 147,507.22
Exchange income (Loss is
listed with “-”)
III. Operating profit (Loss is 209,012,985.14 210,662,854.36 14,183,060.93 14,927,442.73HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2009 (FULL TEXT)
11
listed with “-”)
Add: Non-operating
income 6,972,921.60 6,337,360.07 4,345,966.05 4,318,856.45
Less: Non-operating
expense 618,734.72 592,248.50 2,191,739.08 2,190,249.05
Including: Disposal loss
of non-current asset 127,878.89 127,878.89 219,906.26 219,906.26
IV. Total Profit (Loss is listed
with “-”) 215,367,172.02 216,407,965.93 16,337,287.90 17,056,050.13
Less: Income tax expense 32,966,969.36 32,853,873.95 -2,184,186.61 -2,383,622.96
V. Net profit (Net loss is listed
with “-”) 182,400,202.66 183,554,091.98 18,521,474.51 19,439,673.09
Net profit attributable to
owner’s of parent company 183,542,357.13 183,554,091.98 19,138,035.83 19,439,673.09
Minority shareholders’
gains and losses
VI. Earnings per share
i. Basic earnings per share 0.4437 0.4438 0.0463 0.0470
ii. Diluted earnings per share 0.4437 0.4438 0.0463 0.0470
VII. Other consolidated
income 39,658,805.45 39,658,805.45 87,322,200.00 87,322,200.00
VIII. Total consolidated
income 222,059,008.11 223,212,897.43 105,843,674.51 106,761,873.09
Total consolidated income
attributable to owners of parent
company
223,201,162.58 223,212,897.43 106,460,235.83 106,761,873.09
Total consolidated income
attributable to minority
shareholders
-1,142,154.47 -616,561.32
4.4 Cash flow statement from year-begin to the end of report period
Prepared by Hefei Meiling Co., Ltd. Jan.-Sep. 2009 Unit: RMB
Amount i Items Consolidation n thiPsa preenrito Cd ompany ConsolAidmatoiounn t in lasPta preenrito Cd o mpany
I. Cash flows arising from
operating activities:
Cash received from
selling commodities and
providing labor services
1,749,269,134.50 1,708,665,841.74 1,908,025,201.83 1,931,189,848.50
Net increase of customer
deposit and interbank deposit
Net increase of loan from
central bank
Net increase of capital
borrowed from other financial
institution
Cash received from
original insurance contract fee
Net cash received from
reinsurance business
Net increase of insured
savings and investmentHEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2009 (FULL TEXT)
12
Net increase of disposal
of transaction financial asset
Cash received from
interest, commission charge
and commission
Net increase of capital
borrowed
Net increase of returned
business capital
Write-back of tax
received 412,490.95 82,579.91 24,961,348.45 24,672,294.29
Other cash received
concerning operating activities 46,448,884.25 42,225,929.15 24,850,277.37 24,758,155.85
Subtotal of cash inflow
arising from operating
activities
1,796,130,509.70 1,750,974,350.80 1,957,836,827.65 1,980,620,298.64
Cash paid for purchasing
commodities and receiving
labor service
1,164,772,848.63 1,162,051,735.69 1,275,141,451.43 1,312,181,343.04
Net increase of customer
loans and advances
Net increase of deposits
in central bank and interbank
Cash paid for original
insurance contract
compensation
Cash paid for interest,
commission charge and
commission
Cash paid for bonus of
guarantee slip
Cash paid to/for staff and
workers 151,564,039.15 134,237,601.64 150,630,665.66 137,275,473.30
Taxes paid 261,826,725.39 255,455,617.08 63,393,825.59 52,898,713.40
Other cash paid
concerning operating activities 351,456,112.89 342,425,305.56 359,271,070.83 358,157,613.61
Subtotal of cash outflow
arising from operating
activities
1,929,619,726.06 1,894,170,259.97 1,848,437,013.51 1,860,513,143.35
Net cash flows arising
from operating activities -133,489,216.36 -143,195,909.17 109,399,814.14 120,107,155.29
II. Cash flows arising from
investing activities:
Cash received from
recovering investment 17,639,867.15
Cash received from
investment income 1,897,125.00 1,897,125.00 1,850,000.00 1,850,000.00
Net cash received from
disposal of fixed, intangible
and other long-term assets
122,109,297.31 172,109,297.31 36,437,408.70 36,437,408.70
Net cash received from
disposal of subsidiaries and
other units
2,018,786.45
Other cash received
concerning investing activities 2,440,080.65 2,058,202.74 3,802,107.51 3,574,669.70HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2009 (FULL TEXT)
13
Subtotal of cash inflow
from investing activities 126,446,502.96 178,083,411.50 42,089,516.21 59,501,945.55
Cash paid for purchasing
fixed, intangible and other
long-term assets
18,150,280.70 15,191,398.81 66,129,667.00 62,474,413.64
Cash paid for investment 45,000,000.00 20,367,400.00 20,367,400.00
Net increase of mortgaged
loans
Net cash received from
subsidiaries and other units
Other cash paid
concerning investing activities
Subtotal of cash outflow
from investing activities 18,150,280.70 60,191,398.81 86,497,067.00 82,841,813.64
Net cash flows arising
from investing activities 108,296,222.26 117,892,012.69 -44,407,550.79 -23,339,868.09
III. Cash flows arising from
financing activities
Cash received from
absorbing investment
Including: Cash received
from absorbing minority
shareholders’ investment by
subsidiaries
Cash received from loans 313,888,346.48 313,888,346.48 438,204,427.07 385,204,427.07
Cash received from
issuing bonds
Other cash received
concerning financing activities
Subtotal of cash inflow
from financing activities 313,888,346.48 313,888,346.48 438,204,427.07 385,204,427.07
Cash paid for settling
debts 334,313,486.31 334,313,486.31 476,025,511.11 436,025,511.11
Cash paid for dividend
and profit distributing or
interest paying
13,979,675.13 13,008,927.63 23,232,564.44 21,580,101.94
Including: Dividend and
profit of minority shareholder
paid by subsidiaries
Other cash paid
concerning financing activities 1,959,929.83
Subtotal of cash outflow
from financing activities 348,293,161.44 347,322,413.94 501,218,005.38 457,605,613.05
Net cash flows arising
from financing activities -34,404,814.96 -33,434,067.46 -63,013,578.31 -72,401,185.98
IV. Influence on cash and cash
equivalents due to fluctuation
in exchange rate
-169,372.23 -169,372.23 -4,950,303.64 -4,950,303.64
V. Net increase of cash and
cash equivalents -59,767,181.29 -58,907,336.17 -2,971,618.60 19,415,797.58
Add: Balance of cash and
cash equivalents at the period
-begin
338,230,921.44 306,127,639.14 404,131,911.83 354,939,066.12
VI. Balance of cash and cash
equivalents at the period -end 278,463,740.15 247,220,302.97 401,160,293.23 374,354,863.70HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2009 (FULL TEXT)
14
4.5 Auditor’ report
Auditor’s opinions: Un-audited
