HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2013(Full Text)
HEFEI MEILING CO., LTD.
THE THIRD QUARTERLY REPORT FOR 2013
October 2013
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2013(Full Text)
Section I. Important Notes
Board of Directors and the Supervisory Committee of Hefei Meiling Co., Ltd. (hereinafter referred to as the
Company) and its directors, supervisors and senior executives hereby confirm that there are no any fictitious
statements, misleading statements, or important omissions carried in this report, and shall take all responsibilities,
individual and/or joint, for the reality, accuracy and completion of the whole contents.
Principal of the Company Mr. Liu Tibin, President Mr. Li Wei, Person in Charge of Accounting Works Mr.
Zhang Xiaolong and Person in Charge of Accounting Organ (Accounting Officer) Mr. Tang Bin hereby confirm
that the Financial Report of the Third Quarterly Report is authentic, accurate and complete.
Third quarterly report of 2013 has not been audited.
All directors of the Company are attended the Meeting for quarterly report deliberation.
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2013(Full Text)
Section II. Main accounting data and changes of shareholders
I. Main accounting data and index
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting
error correction or not
□Yes √ No
Current period-end Period-end of last year Increase/decrease (%)
Total assets(RMB) 8,980,627,767.48 7,886,140,432.47 13.88%
Net assets attributable to
shareholders of listed company 3,122,491,168.29 2,955,787,652.31 5.64%
(RMB)
Increase/decrease in
Increase/decrease in comparison with
Year-begin to end of
Current period comparison with same year-begin to
the Period
period of last year (%) Period-end of last year
(%)
Operating revenue (RMB) 2,559,189,440.77 14.37% 8,510,634,016.09 12.72%
Net profit attributable to
shareholders of the listed company 69,441,621.00 72.75% 205,133,196.62 35.80%
(RMB)
Net profit attributable to
shareholders of the listed company
54,931,442.79 67.42% 185,572,140.37 28.47%
after deducting non-recurring gains
and losses(RMB)
Net cash flow arising from
-- -- -113,126,824.59 -177.95%
operating activities(RMB)
Basic earnings per share
0.0909 72.81% 0.2686 35.79%
(RMB/Share)
Diluted earnings per share
0.0909 72.81% 0.2686 35.79%
(RMB/Share)
Weighted average ROE (%) 2.22% 0.84% 6.72% 1.45%
Whether share capital of the Company, from period-end to the disclosure date of 3rd quarter report, has changed
and has influenced on amount of owners’ equity due to the new shares issuing, increase issues in stocks, allotment,
stock ownership incentive exercise and buy-back etc. or not
□Yes √No
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2013(Full Text)
Items and amount of extraordinary profit (gains)/losses
√Applicable □Not applicable
Amount from year-begin to
Item Note
end of the Period
Gains/losses from the disposal of non-current asset (including the
-1,151,968.50 --
write-off that accrued for impairment of assets)
Governmental subsidy reckoned into current gains/losses (not
including the subsidy enjoyed in quota or ration according to
23,086,340.00 --
national standards, which are closely relevant to enterprise’s
business)
Other non-operating income and expenditure except for the
980,043.10 --
aforementioned items
Less: impact on income tax 2,931,352.59 --
Impact on minority shareholders’ equity (post-tax) 422,005.76 --
Total 19,561,056.25 --
Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for Companies
Offering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according to
the lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their
Securities to the Public --- Extraordinary Profit/loss, explain reasons
□ Applicable √ Not applicable
II. Statement of the total shareholders and shares-held of top ten shareholders at end of the
Period
In Share
Total shareholders at
63,443
period-end
Shares-held of top ten shareholders
Number of share
Proportion Amount of
Nature of Amount of pledged/frozen
Shareholders of shares restricted
shareholder shares held State of
held (%) shares held Amount
share
Sichuan Changhong Electric State-owned legal
21.58% 164,828,330 56,031,120 - -
Co., LTD person
Guo Yuan Securities Co., Domestic non
Ltd.—specified account for state-owned 4.95% 37,800,000 - - -
agreed to buy-back corporate
Zhengde life insurance Co., Domestic non
LTD-universal insurance state-owned 3.77% 28,800,000 - - -
products corporate
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2013(Full Text)
Changhong (Hong Kong)
Foreign corporate 3.30% 25,165,823 - - -
Trading Company Limited
GUOTAI JUNAN
SECURITIES(HONGKONG) Foreign corporate 2.15% 16,420,583 - - -
LIMITED
Foreign natural
CAO SHENGCHUN 1.71% 13,039,221 - - -
person
Hefei Xingtai Holding Group State-owned legal
1.312% 10,023,401 - - -
Co., Ltd. person
Domestic non
Zhejiang Veken Capital Co.,
state-owned 1.309% 10,000,000 - - -
Ltd.
corporate
Jiujia Securities Investment Domestic non
Funds state-owned 0.66% 5,059,970 - - -
corporate
CCB—Bosch Strategy Flexible Domestic non
Allocation Mix Securities state-owned 0.55% 4,193,280 - - -
Investment Funds corporate
Particular about top ten shareholders with un-restrict shares held
Amount of un-restrict shares Type of shares
Shareholders
held Type Amount
RMB ordinary
Sichuan Changhong Electric Co., LTD 108,797,210 108,797,210
shares
Guo Yuan Securities Co., Ltd.—specified account for RMB ordinary
37,800,000 37,800,000
agreed to buy-back shares
Zhengde life insurance Co., LTD-universal insurance RMB ordinary
28,800,000 28,800,000
products shares
Domestically
Changhong (Hong Kong) Trading Company Limited 25,165,823 listed foreign 25,165,823
shares
Domestically
GUOTAI JUNAN SECURITIES(HONGKONG)
16,420,583 listed foreign 16,420,583
LIMITED
shares
Domestically
CAO SHENGCHUN 13,039,221 listed foreign 13,039,221
shares
RMB ordinary
Hefei Xingtai Holding Group Co., Ltd. 10,023,401 10,023,401
shares
Zhejiang Veken Capital Co., Ltd. 10,000,000 RMB ordinary 10,000,000
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2013(Full Text)
shares
RMB ordinary
Jiujia Securities Investment Funds 5,059,970 5,059,970
shares
CCB—Bosch Strategy Flexible Allocation Mix Securities RMB ordinary
4,193,280 4,193,280
Investment Funds shares
Among the above shareholders, Changhong (Hong Kong)
Trading Co., Ltd. is the wholly-owned subsidiary of Sichuan
Changhong Electronic Co., Ltd.; there existed no associated
relationship or belong to the concerted actors as specified in the
Measures for the Administration of Information Disclosure of
Explanation on associated relationship among the Shareholder Equity Changes of Listed Companies among
aforesaid shareholders Sichuan Changhong Electronic Co., Ltd., Changhong (Hong
Kong) Trading Co., Ltd. and other top 8 shareholders; and the
Company has not known whether they belong to the concerted
actors as specified in the Measures for the Administration of
Information Disclosure of Shareholder Equity Changes of Listed
Companies or not.
Explanation on shareholders involving margin business
—
(if applicable)
Whether has a buy-back agreement dealing in reporting period
√Yes □No
In reporting period, the second largest shareholder of the Company Hefei Xingtai Holding Group Co., Ltd.
(“Xingtai Holding”) conduct an agreed-to-buyback trading, details are as:
On 13 September 2013, Xingtai Holding conduct a security agreed-to-buyback dealing with Guo Yuan
Securities Co., Ltd. (“Guo Yuan Securities”) with the unrestricted circulated A share of the Company, 37,800,000
shares held (account for 4.95 percent of total shares of the Company), term of agreed-to-buyback was one year.
Equity transfer was completed on 16 September 2013 between Xingtai Holding and Guo Yuan Securities. Xingtai
Holding owes 47,823,401 A-share of the Company before this transaction, a 6.26 percent of the total shares
accounted, and after transaction, 10,023,401 A-share of the Company were held by Xingtai Holding, a 1.31
percent of total shares of the Company. There is no buy-back dealing occurred in reporting period. More details
with this transaction concerned please found in the Notice No.: 2013-043 released on appointed media dated 17
September 2013
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2013(Full Text)
Section III. Important events
I. Particular about major changes from items of main accounting statements and financial
indexes as well as reasons
1. Changes of items of balance sheet and cause analysis
In RMB
Changes
Item Closing balance Opening balance Reasons
(%)
Mainly because bank acceptance received in peak
Note receivable 2,412,532,533.18 1,738,725,417.01 38.75% seasons increased, and which has not yet due for
collection in the Period.
Mainly because the national subsidy of
Other account
294,268,927.15 31,288,336.44 840.51% energy-saving and civil-benefit has not collected
receivable
totally yet.
Short-term Mainly because the short-term borrowings from
477,356,066.29 45,456,805.14 950.13%
borrowings parent company increased.
Non-current
Mainly because the long-term borrowings due
liability due 118,709,083.76 7,777,304.72 1426.35%
within one year was re-classified
within one year
Long-term Mainly because re-classified to long-term
10,474,600.00 131,114,600.00 -92.01%
borrowings borrowings due within one year
Retained profit 552,690,497.42 385,744,261.05 43.28% Mainly because new profit increased in the Period.
Balance
difference of Mainly due to the changes of rate in foreign
-1,960,540.02 -1,278,962.31 53.29%
foreign currency currency for oversea subsidiaries in Period
translation
Minority
Mainly because part of the marketing subsidiaries
shareholders’ 4,606,377.74 25,682,269.34 -82.06%
loss in the Period
equity
2. Changes of items of profit statement and cause analysis
In RMB
Same period of Changes
Item This Period Reasons
last year (%)
The discarded electronic products processing funds
Business tax and
88,458,009.30 64,999,503.81 36.09% were accrued and paid in first half year, an no such
extra
payment in last period
Losses of 14,244,639.27 42,035,123.93 -66.11% The inventory turnover increased in the Period,
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2013(Full Text)
devaluation of more long-aged inventory decreased
asset
Investment Mainly because part of the joint venture earns more
income (loss is 655,790.37 80,274.04 716.94% profit and more bonus from part of the invested
listed with “-“) enterprise
Mainly because energy-efficient promotion subsidy
Non-operating was received by Sichuan Air-conditioner in same
28,267,868.84 116,559,820.74 -75.75%
income period of last year while no such subsidy gained in
the Period
Income tax Mainly because the payable income tax increased
57,410,906.13 23,318,643.65 146.20%
expenses in the Period
3. Changes of items of cash flow statement and cause analysis
In RMB
Same period of Changes
Item This Period Reasons
last year (%)
Other cash paid
concerning Mainly because cash the energy-saving subsidy
631,130,042.54 429,151,777.23 47.06%
operating increased in the Year
activities
Cash received
Mainly because investment gains from part of
from recovering 720,000.00 - 100.00%
the stock-jointly enterprises in the Period
investment
Cash received
Mainly because more bonus received from
from investment 1,729,002.25 1,073,757.30 61.02%
invested enterprises
income
Net cash received
from disposal of Mainly because part of the compensation for
fixed, intangible 18,269,532.35 10,508,917.59 73.85% land reserved was received by parent company in
and other Period
long-term assets
Other cash
received
Mainly due to the bank interest from the Bank
concerning 43,682,448.19 15,682,560.50 178.54%
increased
investing
activities
Cash paid for
purchasing fixed,
Mainly due to the y-o-y decrease of fixed assets
intangible and 61,005,364.72 112,886,554.15 -45.96%
purchased by parent company in Period
other long-term
assets
Cash paid for 2,011,142.68 - 100.00% Mainly because more investment in part of the
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2013(Full Text)
investment subsidiaries in Period
Cash received Mainly because short-term borrowings from
526,937,824.68 380,685,156.66 38.42%
from loans parent company increased
Cash paid for Mainly because the borrowings from parent
118,788,409.39 355,426,724.40 -66.58%
settling debts company has not due without payment
Other cash paid The Company implemented capitalized from
concerning capital reserves in August last year with the
77,487.63 127,556.56 -39.25%
financing registration charge for equity increased, and no
activities such expenditure in the Period
Impact on cash
and cash Mainly due to the changes of foreign currency
13,377,740.60 6,089,804.83 119.67%
equivalent from rate in Period
changes of rate
II. Progress of significant events, their influences, and analysis and explanation of their
solutions
1. Usage of fund raised and projects with fund raised in report period
Total proceeds raised in privately offering in 2010 are RMB1,199,999,820.00 and the net proceeds amount to
RMB1,177,954,320.00 after deducted offering expenses RMB 22.0455 million (including underwriting and
sponsoring fee RMB 20.5 million).
As of 30 September 2013, totally raise fund RMB 843,013,809 used for the project with fund raised by the
Company, and balance amounting as RMB 369,773,488, which including: unpaid contract amount and margin act.
RMB 85,332,529, balance of fund raised project RMB 249,607,982 and interest from account for raised fund
RMB 34,832,977. In addition, there is no supplementation of working capital by idle fund raised so far.
The fund raised RMB 843,013,809 used by the Company including: RMB 477169494 invested in the
production base of Athena luxury refrigerator; RMB 217889995 has invested in expansion of freezers in aspect of
capacity; RMB 110 million has (moreover, this project used the saving interest of the capital RMB 91,034)
invested in capacity expansion of environment protection and energy-saving refrigerators and RMB 37,954,320
(moreover, this project used the saving interest of the capital RMB 13,791) supplemented current capital.
Up to the end of September 2013, the above mentioned three projects “the production base of Athena luxury
refrigerator”, “expansion of freezers in aspect of capacity” and “capacity expansion of environment protection and
energy-saving refrigerators” have completed. Among them, the production base of Athena luxury refrigerator
(“Athena Project”) has completed, the 1st and 2nd phase has achieved the expected conditions for use in June 2012
and June 2013 respectively with a production capacity of 2 million (double-shift) middle and high-end refrigerator
annually. The expansion of freezers in aspect of capacity has completed, the 1st and 2nd phase has achieved the
expected conditions for use in January 2011 and April 2013 respectively with a production capacity of 1.2 million
(double-shift) freezers annually. And the capacity expansion of environment protection and energy-saving
refrigerators shows a favorable condition in production since December 2010, and it has achieved the production
capacity of 0.6 million (double-shift) environment protection and energy-saving refrigerators annually.
As operation required of the Company, and in purpose of improving the service efficiency of fund raised,
reduced the financial expenditure of the Company, increase the company's working capital, thereby enhancing the
operating efficiency of the company, the Company plans to supplement working funds as of 30 September 2013
with the balance of fund raised RMB 284,440,959 (interest income RMB 34,832,976 included) and later interest
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2013(Full Text)
permanently. More details please found in the Notice No.: 2013-049 released on appointed medial on the same
date.
2. Other important events
Overview Disclosure date Query index for interim notice
On 25 January 2013, the Board received a resignation report in written from
Juchao Website:
deputy president Mr. Li Daijiang, he resigned the post due to occupation
2013-1-29 http://www.cninfo.com.cn ( No.:
mobility. And Mr. Liao Tao was appointed as the deputy president of the
2013-002 and 2013-003)
Company dated 28 January 2013 by the Board.
Being deliberated and approved by 22nd meeting of 7th session of the Board
and 1st extraordinary shareholders’ general meeting of 2013, independent
directors express approval opinion, related shareholders and directors are
avoided the voting, after public bidding, the domestic after-sales service were
2013-1-29 and Juchao Website:
agreed to entrusted to the third party, the professional appliance after-sales
2013-2-23 http://www.cninfo.com.cn ( No.:
service enterprise--- Sichuan Service Exp. Appliance Service Chain Co., Ltd.
2013-003, 2013-003 and 2013-007)
(“Service Exp”). The entrusted business consist a related transaction due to
the Service Exp. being the wholly-owned controlling subsidiary of Sichuan
Changhong Electric Co., LTD, the controlling shareholder of the Company.
On 5 February 2013, the 6th batch of circulating shares with restricted
condition after the implementation of equity division reform were released Juchao Website:
from restriction and listed for trading. 4 shareholders were released in total 2013-2-1 http://www.cninfo.com.cn ( No.:
with 1,138,205 shares released, representing 0.1490% of the total share 2013-006)
capital of the Company.
On 18 April 2013, the Board received a resignation report in written from
Juchao Website:
deputy president Mr. Yu Wanchun, he resigned the post due to occupation
2013-4-19 http://www.cninfo.com.cn ( No.:
mobility. And Mr. Zhang Xiaolong was appointed as the CFO (person in
2013-013 and 2013-016)
charge of finance) of the Company dated 18 April 2013 by the Board.
Being deliberated and approved in 14th meeting of 7th session of supervisory
committee and annual shareholders’ general meeting of 2012, and in line with
Juchao Website:
the recommendation from controlling shareholder --Sichuan Changhong 2013-4-19 and
http://www.cninfo.com.cn ( No.:
Electric Co., LTD, Ms. Hu Jia was agreed to elected as the supervisor of 7th 2013-6-7
2013-014 and 2013-021)
session of supervisory committee and Mr. Ye Honglin serves no more of the
supervisor for the Company.
On 6 June 2013, the “Profit Distribution Plan for year of 2012” was
deliberated and approved by annual shareholders’ general meeting of 2012.
Juchao Website:
The Company agreed to distribute RMB 0.5 (tax included) in cash for every 2013-6-7 and
http://www.cninfo.com.cn ( No.:
10 shares held by all shareholders of the Company based on total share 2013-7-15 2013-021 and 2013-024)
capital 763,739,205 shares held so far. The aforesaid profit distribution plan
was implemented on 14 July 2013.
The “Proposal of Part of Land Use Right Reserve” was deliberated and 2013-6-1, 2013-6-28 Juchao Website:
approved in 26th meeting of 7th session of the Board held on 31 May 2013, in and 2013-8-10 http://www.cninfo.com.cn ( No.:
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2013(Full Text)
accordance with the city planning requirement from Hefei Government, the 2013-019, 2013-020, 2013-023 and
land use right locate at Longgang comprehensive economic development 2013-032)
2
zone, Hefei City with 103,978.9 m (155.9684 Mu in total, land use right
serial: Dong Guo Yong (2004) Zi No. 0200, the purpose of using was
industry) was agreed to reserved by the land reserve center of Hefei City,
total compensation for the land use right reserved amounting as RMB 74.48
million. In accordance with the “Land User Regain Contract for State-owned
Construction Land Use Rights of Hefei City (He Tu Chu Shou [2013]
No.36)” signed between the Company and Hefei Land Reserved Center on 25
June 2013, the land use right has been reserved by Hefei Land Reserved
Center. The first phase of compensation RMB 15 million was received by the
Company at early of August 2013 from Hefei Land Reserved Center.
The “Proposal of Land Use Right Reserve from Subsidiary” was deliberated
and approved in 27th meeting of 7th session of the Board held on 22 July
2013, the land use right locate at economic development zone, Feidong
County with 19,245.09 m2 and 46,161.9 m2 respectively owned by
subordinate subsidiary Hefei Equator Appliance Co., Ltd and Meiling Juchao Website:
Equator Appliance (Hefei) Co., Ltd were agreed to reserved by the land 2013-7-23 http://www.cninfo.com.cn ( No.:
reserve center of Feidong County, and entered into the “Reserve Contract for 2013-025 and 2013-026)
State-owned construction Land Use Rights of Feidong County”.
Compensation for the land reserves approximately as RMB 36 million,
among which RMB 10.59 was compensated for the Hefei Equator Appliance
Co., Ltd while RMB 25.41 for Meiling Equator Appliance (Hefei) Co., Ltd
According to the “Implementation Plan of Annual Performance Incentive
Fund of Hefei Meiling Co., Ltd.” which was deliberated and approved by 16th
meeting of 7th session of the Board and 2nd extraordinary shareholders’
general meeting of 2012, the Company held the 28th meeting of 7th session of
the Board, 15th meeting of 7th session of supervisory committee and 2nd
extraordinary shareholders’ general meeting of 2013 dated 29 July 2013 and
15 August 2013 respectively, being recognized by independent directors, and
2013-7-30
benefited directors withdraw from the voting, agreed to withdrawal RMB
2013-8-16 Juchao Website:
19219800 incentive fund from 10% of the net profit attributable to
http://www.cninfo.com.cn ( No.:
shareholders of the listed company for year of 2012, which has been audited. 2013-8-27
2013-027, 2013-028, 2013-029,
And allocated RMB 18217000 in incentive fund to 30 qualified incentive 2012-8-29
2013-030, 2013-037, 2013-038,
objects, all of the incentive objects shall purchase shares of the Company via 2013-8-31
2013-039, 2013-040, 2013-041 and
open market with the performance incentive fund received (after relevant 2013-9-4
2013-042)
income tax paid) plus no less than 30 percent of the total annual remuneration
2013-9-7
(total annual remuneration after relevant income tax and insurance & housing
fund have been paid, performance incentive fund excluded). As for the shares
purchased by incentive objects (including director and president Mr. Li Wei,
director Mr. Wang Yong, supervisor Mr. Shang Wen, standing deputy
president Mr. Liu Weihong, deputy president Mr. Deng Xiaohui, deputy
president Mr. Wang Yingmin, deputy president Mr. Liao Tao and secretary of
the Board Ms. Li Xia) with performance incentive fund (after income tax
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2013(Full Text)
paid) plus self-owned funds, more details please found in the appointed
media released on 27 August 2013 and 7 September 2013. Up to the
disclosure date for the Report, the performance incentive plans for year of
2012 has completed, all incentive objects have purchased the shares of the
Company as committed and lock-up the shares.
To maintain the independence and completeness of the trade mark and trade
name Meiling, following the principle of centralized management and unified
use of trade mark and trade name, the Company detailed combed and
thoroughly checked the situation left over by history in which the use the Juchao Website:
trademark and trade name are permitted before acquisition of Hefei Meiling 2013-8-16 http://www.cninfo.com.cn
Holding Group co., LTD. As at the end of reporting period, the litigation and ( Semi-Annual Report of 2013)
arbitration Meiling brand involved has no further progress. More details
please found in the statement in “Section V. Important Events” carried in
Semi-Annual Report of 2013
III. Commitments made by the Company or shareholders holding above 5% shares of the
Company in reporting period or made in previous period and extending to reporting period.
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2013(Full Text)
Commitmen Commitment
Commitments Accepter Contents Implementation
t date term
1. The acquirer shall not engage in refrigerator business or activity which
competes or will compete with business of Hefei Meiling Co., Ltd Effective Strictly performed the
(“Meiling Electrical Appliances”), or that which has interest conflict with permanently commitments
Meiling Electrical Appliances.
2. The acquirer promises to apply shareholders’ right on a legal and
Sichuan Commitment and Effective Strictly performed the
Commitments reasonable manner and shall not take any action to limit or affect the
Changhong guarantee of horizontal permanently commitments
made in normal operation of Meiling Electrical Appliances.
Electric Co., competition avoidance
acquisition report 2007-6-12
LTD made in “Acquisition 3. For any opportunity to engage in competing business, the acquirer will
or equity change
(“Sichuan Report of Hefei Meiling advise Meiling Electrical Appliances in written for engaging such
report business or not. If Meiling Electrical Appliances gives no clear written
Changhong”) Co., Ltd”
reply as to whether engaging the competing business or not within 20 Effective Strictly performed the
days after receipt of the aforesaid letter, it shall be deemed that it will not permanently commitments
engage in such business. The acquirer will only engage in non-competing
business provided that Meiling Electrical Appliances confirms not to or is
deemed to not engage in such non-competing business.
1. It will not engage in such business or activity that competes with or has
interest conflict with that of Meiling Electrical Appliances except for the
action taken for sake of Meiling Electrical Appliances as required by
Commitment regarding Meiling Electrical Appliances.
Commitment to reducing and
Sichuan 2. The Company promises to apply shareholders’ right on a legal and Effective Strictly performed the
made during the preventing competition 2010-6-24
Changhong reasonable manner and shall not take any action to limit or affect the permanently commitments
non-public offer with Meiling Electrical
normal operation of Meiling Electrical Appliances.
Appliances
3. In case that Meiling Electrical Appliances expects, on the basis of its
existing business, to expand its operation scope into the business which
the Company has already operated, the Company agrees to grant pre
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2013(Full Text)
emptive right to Meiling Electrical Appliances regarding such business if
the same conditions are met, provided that the Company is still the
controlling shareholder or actual controller of Meiling Electrical
Appliances.
1. Measures will be adopted to prevent continued related transaction with
Meiling Electrical Appliances: as to the related transaction that can not be
prevented, it will sign related transaction agreement with Meiling
Electrical Appliances under the market principles of “equally paid and
Commitment regarding mutual benefit”, and fairly determined the transaction price according to
to reducing and the market prevailing standards.
Effective Strictly performed the
standardizing related 2010-6-24
2. Perform the necessary obligations to make related directors and related permanently commitments
transaction with Meiling
shareholder abstain from voting according to relevant regulation, and
Electrical Appliances
observe legal procedure for approving related transaction and information
disclosure obligations.
3. Promise not to hurt legal interests of Meiling Electrical Appliances and
other shareholders through related transaction.
Commitment on restriction period of the shares subscribed by Meiling Electrical Appliances by
2011-1-10 to
non-public offering: the shares allocated are locked for 36 months automatically from the 2010-12-23
2014-1-10
registration date under relevant regulations.
Commit to transfer the land and buildings to Sichuan Changhong Air Conditioner Co., Ltd.
Implementing
(“Changhong Air Conditioning”) upon determination of assets property; urge its subsidiary
Before
Sichuan Changhong Minsheng Logistics Co., Ltd. transfer the land and buildings held by the 2010-9-7
completed
company to Mianyang Meiling Refrigerator Co., Ltd. (“Mianyang Meiling”) upon determination of
assets property
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2013(Full Text)
Commit to authorized Changhong Air Conditioning and Zhongshan Air Condition Appliance Co., Effective Strictly performed the
2010-11-6
Ltd. (“Zhongshan Air Conditioning”) to use “Changhong” trademark and relevant patents for free. permanently commitments
Changhong
Changhong Minsheng Logistics Co., Ltd.—the subordinate subsidiary of Sichuan Changhong,
Minsheng Before
commits to transfer the land and buildings to Mianyang Meiling upon determination of the relevant 2010-9-7 Implementing
Logistics Co., completed
building title certificate.
Ltd.
1. Commit to disclose periodic reports on a truthful, accurate, complete, fair and prompt manner, to
disclose all the information that have important influences over investors, to accept supervision
under the CSRC and Shenzhen Stock Exchange.
2. Commit to make public clarification in respect of such information that is released from any
public media and may result in misleading influences on stock price once the Company is aware of
such information. Effective Strictly performed the
The Company 2011-1-7
permanently commitments
3. The directors, supervisors, senior management and core technicians of the Company will accept
opinions and criticism from the social publics, and they will not trade the Company’s securities,
directly or indirectly, with any inside information and other illegal methods. The Company
promises that the documents submitted to Shenzhen Stock Exchange exist no false statement or
material omission, and no relevant information will be disclosed during the application for listing
without prior content from Shenzhen Stock Exchange.
1. The current capital supplemented with certain idle proceeds is only authorized to use for On 7 June 2013, the idle
Commitment in
respect of production operation purposes. raised fund has return to the
applying certain 2. The idle proceeds supplementing current capital will be returned to proceeds account upon 2012-12-11 to specific account. The
The Company 2012-11-24
idle proceeds in maturity. 2013-12-11 commitment 1-3 has
supplement completed and commitment
3. If acceleration of project construction results in early application of proceeds, the Company shall
current capital for 4 still in implementation
return the capital to proceeds account ahead of time, thus not to affect the normal progress of the
15
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2013(Full Text)
temporary purpose investment project that the proceeds are related to, and not to change the application purpose of
proceeds raised
4. the Company commits that during the 12 months after application of the idle proceeds
supplementing current capital, it will not make securities investment or risk investment amounting
over RMB10 million; not apply such proceeds, directly or indirectly, in placing or subscription of
new share, or trading stocks, the underlying derivatives and convertible bonds; not to change
application purpose of proceeds and hurt shareholders’ interests.
1. Since the property transfer didn’t involve the buildings and land currently used by Changhong
Air Conditioning, Sichuan Changhong commits, upon the completion of equity transfer, to
Before
continue to lease such assets to Changhong Air Conditioning at market price, and negotiate with Implementing
completed
Meiling Electrical Appliances in respect of the transfer of the buildings and land according to the
Commitment operation needs of Changhong Air Conditioning.
made in transfer 2. After completion of this property transfer, Sichuan Changhong commits to manage to prevent
Sichuan
of air new related transaction with Meiling Electrical Appliances. For those which can not be prevented, 2009-12-10
Changhong Effective Strictly performed the
conditioning Sichuan Changhong commits to determine the transaction price based on market accepted methods,
permanently commitments
assets property so as to ensure fairness of related transaction and protection of the interest of Meiling Electrical
Appliances.
3. Sichuan Changhong commits that it will not engage in air conditioning and refrigerator business
Effective Strictly performed the
or activity which competes or will compete with business of Meiling Electrical Appliances, or that
permanently commitments
which has interest conflict with Meiling Electrical Appliances.
Commitment Part of the After three
1. The shares of Meiling Dianqi purchased should not be reduced through market in all kinds in
made in Directors, years from 15
first year of holding, and the shares should be reduced 50% of the shares hold based on relevant
purchasing shares supervisors, 2013-8-15 August 2013 Implementing
laws and regulations in second year of holding, and the rest 50% shares held should be reduced in
of the Company senior to the shares
the third year according to laws and regulations.
with performance executives and purchased
16
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2013(Full Text)
incentive fund and other incentive After six
self-owned funds objects 2. Directors, supervisors and senior executives committed at the same time but not limited as, in months from
by incentive accordance with the Company Law, Securities Laws, Shares of the Company Held by Directors, 15 August
objects Supervisors and Senior Executives and Management Regulation of Share-holding Changes and 2013 to the
other rules and regulations: in term of office, the shares transferred every year shall not exceed 25 2013-8-15 reassignment Implementing
percent of the shares of the Company held; the shares of the Company should not be sale within 6 of directors,
months after purchased or should not be purchased within 6 months after sold; the shares of the supervisors
Company shall not be transferred within 6 months after left office. and senior
executives
Completed on
√Yes □No □Not applicable
time or not
Detail reasons for
un-complement -
and further plan
Whether made a
promise to
horizontal
competition and □Yes √No
related
transactions that
resulted or not
Solution term
-
promised
Solution way -
Complementation -
17
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2013(Full Text)
IV. Estimation of operation performance for year of 2013
Estimation of accumulative net profit from the beginning of the year to the end of next report period to be loss
probably or the warning of its material change compared with the corresponding period of the last year and
explanation of reason
□Applicable √Not applicable
V. Particular about security investment
Explanation on equity of other listed company held
□Applicable √Not applicable
VI. Particulars about derivatives investment
Particulars about the positions of derivatives investment at the end of report period
□Applicable √Not applicable
VII. Registration form of receiving research, communication and interview in the report
period
Content discussed and
Date Place Way Type Object
documents provided
Changjiang Security Co.,
Ltd.; Huatai-PineBridge Operation status of the
2013-01-14 Conference room Field research Institution Investment Co., Ltd.; Fortune Company, no material
SG Fund Management Co., provided
Ltd.
Operation status of the
China International Fund
2013-01-17 Conference room Field research Institution Company, no material
Management
provided
Donghai Securities Co., Ltd.; Operation status of the
2013-01-23 Conference room Field research Institution Guotai Fund Management Company, no material
Co., Ltd. provided
Operation status of the
China Asset Management
2013-01-30 Conference room Field research Institution Company, no material
Co., Ltd.
provided
Ping An Asset Management
Co., Ltd.; Sinolink Securities
Co., Ltd.; Caitong Fund Operation status of the
2013-03-25 Conference room Field research Institution Management Co., Ltd.; HFT Company, no material
Investment Management Co., provided
Ltd.; Lombarda China Fund
Management Co., Ltd.
2013-03-28 Conference room Field research Institution Everbright Securities Asset Operation status of the
18
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2013(Full Text)
Management Co., Ltd.; Company, no material
Guotai Fund Management provided
Co., Ltd.; Nanjing Securities
Co., Ltd.; China Merchants
Securities Co., Ltd.; China
Asset Management Co., Ltd.
Operation status of the
2013-03-29 Conference room Field research Institution Northeast Securities Co., Ltd Company, no material
provided
Chang Xin Asset
Operation status of the
Management Co., Ltd.;
2013-04-25 Conference room Field research Institution Company, no material
Xiangcai Securities Co., Ltd.;
provided
Guoyuan Securities Co., Ltd
Operation status of the
2013-04-26 Conference room Field research Institution Great Wall Securities Co., Ltd Company, no material
provided
Founder Securities Co., Ltd;、
ICBC Credit Suisse Asset
Management Co., Ltd.; Operation status of the
2013-05-08 Conference room Field research Institution Dongguan Securities Co., Company, no material
Ltd; Changjiang Securities provided
Co., Ltd; China Investment
Securities Co., Ltd
Operation status of the
2013-05-28 Conference room Field research Institution Minsheng Securities Co., Ltd Company, no material
provided
Operation status of the
Fortune SG Fund
2013-08-29 Conference room Field research Institution Company, no material
Management Co., Ltd.
provided
Industrial Securities Co., Ltd; Operation status of the
2013-09-04 Conference room Field research Institution Sunshine Asset Management Company, no material
Co., Ltd. provided
China Asset Management
Co., Ltd.; Sinolink Securities Operation status of the
2013-09-11 Conference room Field research Institution Co., Ltd.; Broad Capital; Company, no material
Harvest Fund Management provided
Co., Ltd.
19
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2013(Full Text)
Section IV. Financial Statement
I. Financial statement
1. Consolidated Balance Sheet
Prepared by Hefei Meiling Co., Ltd 2013-9-30 Unit: RMB
Items Balance at period-end Balance at period-begin
Current assets:
Monetary funds 1,969,068,663.35 1,701,307,578.13
Settlement provisions
Capital lent
Transaction finance asset
Notes receivable 2,412,532,533.18 1,738,725,417.01
Accounts receivable 963,510,650.63 753,762,080.84
Accounts paid in advance 61,567,160.19 49,414,835.51
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Interest receivable
Dividend receivable
Other receivables 294,268,927.15 31,288,336.44
Purchase restituted finance asset
Inventories 1,249,391,552.28 1,503,307,251.66
Non-current asset due within one
year
Other current assets
Total current assets 6,950,339,486.78 5,777,805,499.59
Non-current assets:
Granted loans and advances
Finance asset available for sales
Held-to-maturity investment
Long-term account receivable
Long-term equity investment 30,981,427.41 35,150,428.02
Investment property 15,903,523.25 16,509,959.84
Fixed assets 1,142,023,593.58 1,243,889,950.81
Construction in progress 78,149,371.26 70,705,114.33
20
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2013(Full Text)
Engineering material
Disposal of fixed asset 66,504,728.60
Productive biological asset
Oil and gas asset
Intangible assets 582,933,031.64 628,269,816.49
Expense on Research and
33,840,269.09 31,746,326.41
Development
Goodwill 5,529,842.09 5,529,842.09
Long-term expenses to be
apportioned
Deferred income tax asset 74,422,493.78 76,533,494.89
Other non-current asset
Total non-current asset 2,030,288,280.70 2,108,334,932.88
Total assets 8,980,627,767.48 7,886,140,432.47
Current liabilities:
Short-term loans 477,356,066.29 45,456,805.14
Loan from central bank
Absorbing deposit and interbank
deposit
Capital borrowed
Transaction financial liabilities
Notes payable 1,534,974,205.96 1,268,157,043.71
Accounts payable 1,682,466,752.16 1,462,293,958.34
Accounts received in advance 353,662,537.70 459,974,402.43
Selling financial asset of
repurchase
Commission charge and
commission payable
Wage payable 105,653,362.73 137,325,501.89
Taxes payable 90,341,663.41 111,106,673.16
Interest payable
Dividend payable 1,849,227.74 1,551,602.30
Other accounts payable 1,026,337,050.41 826,111,040.95
Reinsurance payables
Insurance contract reserve
Security trading of agency
21
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2013(Full Text)
Security sales of agency
Non-current liabilities due within 1
118,709,083.76 7,777,304.72
year
Other current liabilities
Total current liabilities 5,391,349,950.16 4,319,754,332.64
Non-current liabilities:
Long-term loans 10,474,600.00 131,114,600.00
Bonds payable
Long-term account payable
Special accounts payable
Projected liabilities 357,302,648.19 361,156,281.38
Deferred income tax liabilities
Other non-current liabilities 94,403,023.10 92,645,296.80
Total non-current liabilities 462,180,271.29 584,916,178.18
Total liabilities 5,853,530,221.45 4,904,670,510.82
Owner’s equity (or shareholders’
equity):
Paid-in capital (or share capital) 763,739,205.00 763,739,205.00
Capital public reserve 1,483,021,248.73 1,482,582,391.41
Less: Inventory shares
Reasonable reserve
Surplus public reserve 325,000,757.16 325,000,757.16
Provision of general risk
Retained profit 552,690,497.42 385,744,261.05
Balance difference of foreign
-1,960,540.02 -1,278,962.31
currency translation
Total owner’s equity attributable to
3,122,491,168.29 2,955,787,652.31
parent company
Minority interests 4,606,377.74 25,682,269.34
Total owner’s equity(or shareholders’
3,127,097,546.03 2,981,469,921.65
equity)
Total liabilities and owner’s equity(or
8,980,627,767.48 7,886,140,432.47
shareholders’ equity)
Legal representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institution: Tang Bin
2. Balance Sheet of parent company
Prepared by Hefei Meiling Co., Ltd 2013-9-30 Unit: RMB
Item Balance at period-end Balance at period-begin
22
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2013(Full Text)
Current assets:
Monetary funds 1,822,235,319.92 1,235,992,818.90
Transaction finance asset
Notes receivable 1,610,309,869.64 1,498,979,952.77
Accounts receivable 1,101,943,259.95 958,731,705.08
Accounts paid in advance 180,156,626.35 295,676,384.52
Interest receivable
Dividend receivable
Other receivables 280,503,208.64 51,135,324.78
Inventories 561,447,555.86 555,767,921.46
Non-current asset due within one year
Other current assets
Total current assets 5,556,595,840.36 4,596,284,107.51
Non-current assets:
Finance asset available for sales
Held-to-maturity investment
Long-term account receivable
Long-term equity investment 796,850,901.20 842,013,498.21
Investment real estate 12,872,153.49 13,227,570.00
Fixed assets 822,895,797.12 895,143,842.40
Construction in progress 72,772,150.53 78,373,941.23
Engineering material
Disposal of fixed asset 46,516,563.81
Productive biological asset
Oil and gas asset
Intangible assets 443,939,310.58 480,873,122.36
Expense on Research and Development
Goodwill
Long-term expenses to be apportioned
Deferred income tax asset 67,803,129.90 69,870,668.72
Other non-current asset
Total non-current asset 2,263,650,006.63 2,379,502,642.92
Total assets 7,820,245,846.99 6,975,786,750.43
Current liabilities:
23
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2013(Full Text)
Short-term loans 455,838,066.29 13,073,840.00
Transaction financial liabilities
Notes payable 1,185,185,724.78 1,055,969,152.25
Accounts payable 1,267,867,797.25 1,313,834,344.18
Accounts received in advance 126,610,463.78 199,639,453.81
Wage payable 64,675,668.19 101,332,386.23
Taxes payable 9,101,361.30 45,611,775.99
Interest payable
Dividend payable 1,767,979.23 1,303,652.76
Other accounts payable 908,387,525.15 544,916,287.47
Non-current liabilities due within 1 year 116,725,733.12 5,793,954.08
Other current liabilities
Total current liabilities 4,136,160,319.09 3,281,474,846.77
Non-current liabilities:
Long-term loans 10,474,600.00 131,114,600.00
Bonds payable
Long-term account payable
Special accounts payable
Projected liabilities 357,302,648.19 361,156,281.38
Deferred income tax liabilities
Other non-current liabilities 77,914,058.54 77,879,788.72
Total non-current liabilities 445,691,306.73 570,150,670.10
Total liabilities 4,581,851,625.82 3,851,625,516.87
Owner’s equity (or shareholders’
equity):
Paid-up capital (or share capital) 763,739,205.00 763,739,205.00
Capital public reserve 1,497,898,194.51 1,497,898,194.51
Less: Inventory shares
Reasonable reserve
Surplus public reserve 324,782,591.48 324,782,591.48
General risk reserve
Retained profit 651,974,230.18 537,741,242.57
Balance difference of foreign currency
translation
Total owner’s equity(or shareholders’
3,238,394,221.17 3,124,161,233.56
equity)
24
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2013(Full Text)
Total liabilities and owner’s equity(or
7,820,245,846.99 6,975,786,750.43
shareholders’ equity)
Legal representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institution: Tang Bin
3. Consolidated Profit Statement (this report period)
Prepared by Hefei Meiling Co., Ltd July-September of 2013 Unit: RMB
Item Amount in this period Amount in last period
I. Total operating income 2,559,189,440.77 2,237,682,987.81
Including: Operating income 2,559,189,440.77 2,237,682,987.81
Interest income
Insurance gained
Commission charge and commission
income
II. Total operating cost 2,498,411,836.87 2,311,110,995.75
Including: Operating cost 1,921,520,790.60 1,685,374,717.84
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 29,914,674.46 21,826,544.05
Sales expenses 476,941,238.56 526,451,442.98
Administration expenses 103,158,201.97 87,729,846.37
Financial expenses -25,355,276.32 -15,186,988.11
Losses of devaluation of asset -7,767,792.40 4,915,432.62
Add: Changing income of fair
value(Loss is listed with “-”)
Investment income (Loss is listed with
-95,499.31 -180,689.87
“-”)
Including: Investment income on
-139,164.37 -222,881.65
affiliated company and joint venture
Exchange income (Loss is listed with
“-”)
III. Operating profit (Loss is listed
60,682,104.59 -73,608,697.81
with “-”)
Add: Non-operating income 19,250,730.17 111,980,171.30
Less: Non-operating expense 1,889,655.94 112,702.41
25
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2013(Full Text)
Including: Disposal loss of non-current
1,823,469.85 36,459.83
asset
IV. Total Profit (Loss is listed with
78,043,178.82 38,258,771.08
“-”)
Less: Income tax expense 21,319,601.05 9,452,682.63
V. Net profit (Net loss is listed with “-”) 56,723,577.77 28,806,088.45
Including: net profit realized before
consolidation by mergered party
Net profit attributable to owner’s of
69,441,621.00 40,197,529.33
parent company
Minority shareholders’ gains and losses -12,718,043.23 -11,391,440.88
VI. Earnings per share -- --
i. Basic earnings per share 0.0909 0.0526
ii. Diluted earnings per share 0.0909 0.0526
VII. Other consolidated income -1,135,962.85 -847,778.01
VIII. Total comprehensive income 55,587,614.92 27,958,310.44
Total consolidated income attributable
68,760,043.29 39,637,946.74
to owners of parent company
Total consolidated income attributable
-13,172,428.37 -11,679,636.30
to minority shareholders
Legal representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institution: Tang Bin
4. Profit Statement of parent company (this report period)
Prepared by Hefei Meiling Co., Ltd July-September of 2013 Unit: RMB
Items Amount in this period Amount in last period
I. Operating income 1,540,604,775.06 1,502,962,565.89
Less: operating cost 1,302,612,196.20 1,241,030,101.72
Operating tax and extras 13,196,611.59 11,488,334.76
Sales expenses 142,924,357.58 183,198,878.43
Administration expenses 51,061,524.99 48,158,062.94
Financial expenses -20,343,480.82 -16,363,475.17
Losses of devaluation of asset 2,760,055.38 -1,957,537.93
Add: Changing income of fair
value(Loss is listed with “-”)
Investment income (Loss is listed with
3,168,694.55 154,153.88
“-”)
Including: Investment income on
142,594.45 111,962.10
affiliated company and joint venture
II. Operating profit (Loss is listed
51,562,204.69 37,562,355.02
with “-”)
Add: Non-operating income 11,884,547.11 7,770,744.80
Less: Non-operating expense 191,990.87 38,286.02
Including: Disposal loss of non-current
191,990.87 38,286.02
asset
26
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2013(Full Text)
III. Total Profit (Loss is listed with
63,254,760.93 45,294,813.80
“-”)
Less: Income tax expense 9,366,683.42 -6,810,495.54
IV. Net profit (Net loss is listed with
53,888,077.51 52,105,309.34
“-”)
V. Earnings per share -- --
i. Basic earnings per share 0.0706 0.0682
ii. Diluted earnings per share 0.0706 0.0682
VI. Other consolidated income -127,289.46
VII. Total comprehensive income 53,888,077.51 51,978,019.88
Legal representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institution: Tang Bin
5. Consolidated profit statement (year-begin to end of this period)
Prepared by Hefei Meiling Co., Ltd January-September of 2013 Unit: RMB
Item Amount in this period Amount in last period
I. Total operating income 8,510,634,016.09 7,550,293,510.93
Including: Operating income 8,510,634,016.09 7,550,293,510.93
Interest income
Insurance gained
Commission charge and commission
income
II. Total operating cost 8,288,241,624.77 7,497,562,907.35
Including: Operating cost 6,447,874,893.83 5,729,351,916.10
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 88,458,009.30 64,999,503.81
Sales expenses 1,526,147,921.07 1,464,308,941.95
Administration expenses 273,112,363.51 246,641,388.13
Financial expenses -61,596,202.21 -49,773,966.57
Losses of devaluation of asset 14,244,639.27 42,035,123.93
Add: Changing income of fair
value(Loss is listed with “-”)
27
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2013(Full Text)
Investment income (Loss is listed with
655,790.37 80,274.04
“-”)
Including: Investment income on
-732,404.61 -1,035,675.04
affiliated company and joint venture
Exchange income (Loss is listed with
“-”)
III. Operating profit (Loss is listed
223,048,181.69 52,810,877.62
with “-”)
Add: Non-operating income 28,267,868.84 116,559,820.74
Less: Non-operating expense 5,353,454.24 5,738,521.21
Including: Disposal loss of non-current
5,127,519.33 5,370,396.64
asset
IV. Total Profit (Loss is listed with
245,962,596.29 163,632,177.15
“-”)
Less: Income tax expense 57,410,906.13 23,318,643.65
V. Net profit (Net loss is listed with “-”) 188,551,690.16 140,313,533.50
Including: net profit realized before
consolidation by mergered party
Net profit attributable to owner’s of
205,133,196.62 151,052,571.53
parent company
Minority shareholders’ gains and losses -16,581,506.46 -10,739,038.03
VI. Earnings per share -- --
i. Basic earnings per share 0.2686 0.1978
ii. Diluted earnings per share 0.2686 0.1978
VII. Other consolidated income -1,135,962.85 -847,778.01
VIII. Total comprehensive income 187,415,727.31 139,465,755.49
Total consolidated income attributable
204,451,618.91 150,492,988.94
to owners of parent company
Total consolidated income attributable
-17,035,891.60 -11,027,233.45
to minority shareholders
Legal representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institution: Tang Bin
6. Profit Statement of parent company (year-begin to end of this period)
Prepared by Hefei Meiling Co., Ltd January-September of 2013 Unit: RMB
Items Amount in this period Amount in last period
I. Operating income 5,370,326,674.20 5,124,001,708.53
Less: operating cost 4,524,038,709.31 4,311,046,955.05
Operating tax and extras 49,418,069.92 43,403,088.39
Sales expenses 550,473,642.29 544,241,886.84
Administration expenses 129,986,596.14 130,144,986.56
Financial expenses -51,631,229.81 -50,082,883.52
28
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2013(Full Text)
Losses of devaluation of asset 5,315,086.63 -26,291,668.34
Add: Changing income of fair
value(Loss is listed with “-”)
Investment income (Loss is listed with
4,453,856.39 1,403,708.85
“-”)
Including: Investment income on
353,998.99 287,759.77
affiliated company and joint venture
II. Operating profit (Loss is listed
167,179,656.11 172,943,052.40
with “-”)
Add: Non-operating income 17,661,051.57 10,677,279.84
Less: Non-operating expense 2,919,889.33 5,360,222.65
Including: Disposal loss of non-current
2,919,889.33 5,360,222.65
asset
III. Total Profit (Loss is listed with
181,920,818.35 178,260,109.59
“-”)
Less: Income tax expense 29,500,870.49 15,283,861.78
IV. Net profit (Net loss is listed with
152,419,947.86 162,976,247.81
“-”)
V. Earnings per share -- --
i. Basic earnings per share 0.1996 0.2134
ii. Diluted earnings per share 0.1996 0.2134
VI. Other consolidated income -127,289.46
VII. Total comprehensive income 152,419,947.86 162,848,958.35
Legal representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institution: Tang Bin
7. Consolidated Cash Flow Statement (year-begin to end of this period)
Prepared by Hefei Meiling Co., Ltd January-September of 2013 Unit: RMB
Item Amount in this period Amount in last period
I. Cash flows arising from operating
activities:
Cash received from selling commodities
5,299,131,034.59 4,523,822,297.60
and providing labor services
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
investment
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
29
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2013(Full Text)
Write-back of tax received 73,488,620.82 63,775,740.06
Other cash received concerning
86,775,073.57 120,435,305.61
operating activities
Subtotal of cash inflow arising from
5,459,394,728.98 4,708,033,343.27
operating activities
Cash paid for purchasing commodities
3,933,972,150.59 3,433,164,543.09
and receiving labor service
Net increase of customer loans and
advances
Net increase of deposits in central bank
and interbank
Cash paid for original insurance
contract compensation
Cash paid for interest, commission
charge and commission
Cash paid for bonus of guarantee slip
Cash paid to/for staff and workers 545,480,178.09 494,199,057.81
Taxes paid 461,939,182.35 392,217,707.99
Other cash paid concerning operating
631,130,042.54 429,151,777.23
activities
Subtotal of cash outflow arising from
5,572,521,553.57 4,748,733,086.12
operating activities
Net cash flows arising from operating
-113,126,824.59 -40,699,742.85
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
720,000.00
investment
Cash received from investment income 1,729,002.25 1,073,757.30
Net cash received from disposal of
fixed, intangible and other long-term 18,269,532.35 10,508,917.59
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
43,682,448.19 15,682,560.50
investing activities
Subtotal of cash inflow from investing
64,400,982.79 27,265,235.39
activities
Cash paid for purchasing fixed,
61,005,364.72 112,886,554.15
intangible and other long-term assets
Cash paid for investment 2,011,142.68
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
63,016,507.40 112,886,554.15
activities
Net cash flows arising from investing
1,384,475.39 -85,621,318.76
activities
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
Including: Cash received from
absorbing minority shareholders’
investment by subsidiaries
Cash received from loans 526,937,824.68 380,685,156.66
30
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2013(Full Text)
Cash received from issuing bonds
Other cash received concerning
financing activities
Subtotal of cash inflow from financing
526,937,824.68 380,685,156.66
activities
Cash paid for settling debts 118,788,409.39 355,426,724.40
Cash paid for dividend and profit
41,946,233.84 37,193,578.57
distributing or interest paying
Including: Dividend and profit of
minority shareholder paid by
subsidiaries
Other cash paid concerning financing
77,487.63 127,556.56
activities
Subtotal of cash outflow from financing
160,812,130.86 392,747,859.53
activities
Net cash flows arising from financing
366,125,693.82 -12,062,702.87
activities
IV. Influence on cash and cash
equivalents due to fluctuation in 13,377,740.60 6,089,804.83
exchange rate
V. Net increase of cash and cash
267,761,085.22 -132,293,959.65
equivalents
Add: Balance of cash and cash
1,701,307,578.13 1,401,674,679.41
equivalents at the period -begin
VI. Balance of cash and cash
1,969,068,663.35 1,269,380,719.76
equivalents at the period -end
Legal representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institution: Tang Bin
8. Cash Flow Statement of parent company (year-begin to end of this period)
Prepared by Hefei Meiling Co., Ltd January-September of 2013 Unit: RMB
Item Amount in this period Amount in last period
I. Cash flows arising from operating
activities:
Cash received from selling commodities
3,536,958,646.65 3,312,091,575.07
and providing labor services
Write-back of tax received 27,035,146.34 20,327,113.44
Other cash received concerning
75,353,695.42 11,953,570.93
operating activities
Subtotal of cash inflow arising from
3,639,347,488.41 3,344,372,259.44
operating activities
Cash paid for purchasing commodities
2,984,643,571.24 2,807,356,749.19
and receiving labor service
Cash paid to/for staff and workers 238,396,461.18 214,240,456.61
Taxes paid 178,135,868.02 252,843,131.29
Other cash paid concerning operating
161,208,698.58 145,491,871.52
activities
Subtotal of cash outflow arising from
3,562,384,599.02 3,419,932,208.61
operating activities
Net cash flows arising from operating
76,962,889.39 -75,559,949.17
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
45,000,000.00
investment
Cash received from investment income 4,616,453.40 1,073,757.30
Net cash received from disposal of
18,171,710.60 797,283.60
fixed, intangible and other long-term
31
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2013(Full Text)
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
36,877,696.25 15,426,214.55
investing activities
Subtotal of cash inflow from investing
104,665,860.25 17,297,255.45
activities
Cash paid for purchasing fixed,
44,250,114.04 64,474,065.58
intangible and other long-term assets
Cash paid for investment
Net cash received from subsidiaries and
other units
Other cash paid concerning investing
activities
Subtotal of cash outflow from investing
44,250,114.04 64,474,065.58
activities
Net cash flows arising from investing
60,415,746.21 -47,176,810.13
activities
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
Cash received from loans 452,929,528.78 266,562,880.34
Cash received from issuing bonds
Other cash received concerning
63,251,961.78 27,214,095.99
financing activities
Subtotal of cash inflow from financing
516,181,490.56 293,776,976.33
activities
Cash paid for settling debts 34,205,440.00 224,092,500.00
Cash paid for dividend and profit
41,550,181.93 36,404,906.95
distributing or interest paying
Other cash paid concerning financing
1,609,572.38 10,127,556.56
activities
Subtotal of cash outflow from financing
77,365,194.31 270,624,963.51
activities
Net cash flows arising from financing
438,816,296.25 23,152,012.82
activities
IV. Influence on cash and cash
equivalents due to fluctuation in 10,047,569.17 4,758,530.47
exchange rate
V. Net increase of cash and cash
586,242,501.02 -94,826,216.01
equivalents
Add: Balance of cash and cash
1,235,992,818.90 1,045,235,918.61
equivalents at the period -begin
VI. Balance of cash and cash
1,822,235,319.92 950,409,702.60
equivalents at the period -end
Legal representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institution: Tang Bin
II. Audit Report
Whether the third quarter report was audited or not
□Yes √No
Hefei Meiling Co., Ltd.
Chairman: Liu Tibin
18 October 2013
32
