Foshan Electrical and Lighting Co., Ltd
The Third Quarterly Report 2010
§1 Important Notice
1.1 The Board of Directors, the Supervisory Committee as well as directors,
supervisors and senior executives of Foshan Electrical and Lighting Co., Ltd.
(hereinafter referred to as the Company) guarantee that there are no significant
omissions, fictitious or misleading statements carried in the Report and will take
individual and joint responsibilities for the truthfulness, accuracy and completeness of
the Report.
1.2 None of the directors demonstrated uncertainty or disagreement about the
truthfulness, accuracy, and completeness of this quarterly report.
1.3 The Financial Report of the third quarterly report period has not been audited.
1.4 Zhong Xincai, person in charge of the Company and Chief Financial Officer, and
Wang Shuqiong, person in charge of accounting organ, hereby confirm that the
financial report enclosed in this report is true and complete.
§2 Company Profile
2.1 Main accounting data and financial indices
Unit: EMB Yuan
30 Sep. 2010 31 Dec. 2009 Increase/decrease (%)
Total assets (Yuan) 3,044,376,557.10 2,995,100,164.41 1.65%
Owner’s equity attributable to shareholders of
listed company (Yuan)
2,660,542,374.28 2,660,099,988.21 0.02%
Share capital (Share) 978,563,745.00 978,563,745.00 0.00%
Net assets per share attributable to
shareholders of listed company (Yuan/share)
2.72 2.72 0.00%
Jul.-Sep. 2010
Increase/decrease
year-on-year (%)
Jan.-Sep. 2010
Increase/decrease
year-on-year (%)
Operating revenue (Yuan)
497,501,586.9
9
-12.08%
1,321,861,931.
64
1.24%
Net profit attributable to shareholders of listed
company (Yuan)
82,085,840.73 29.82% 162,903,608.69 21.20%
Net cash flow arising from operating activities
(Yuan)
- - 76,255,089.28 -76.74%
Net cash flow per share arising from operating - - 0.08 -76.74%activities (Yuan/share)
Basic earnings per share (Yuan/share) 0.08 33.33% 0.17 21.43%
Diluted earnings per share (Yuan/share) 0.08 33.33% 0.17 21.43%
Weighted average return on equity (%) 3.09% 0.64% 6.12% 1.07%
Weighted average return on equity after
deducting non-recurring gains and losses (%)
3.27% 0.90% 6.18% 1.10%
Items of non-recurring gains and losses
Amount from the year-begin to the
end of report period
Note
Gains and losses from disposal of non-current assets 113,318.19
Government subsidies recorded into current gains and losses,
excluding government subsidies with close relationship with the
Company’s business and rationed government grants in line with the
united standard and the state policy
1,372,111.77
Capital occupied from non-financial enterprise recorded into current
gains and losses
64,875.10
Gains and losses from changes in fair value due to transaction financial
assets and liabilities, and investment income from disposal of
transaction financial assets, transaction financial liabilities and
financial assets available for sale, excluding valid hedging related to
routine operation of the Company
178,118.10
Other non-operating income and expense except the aforesaid items -3,537,167.93
Impact on income tax 257,007.05
Other gains and losses accorded with definition of non-current gains
and losses
8,943.17
Total -1,542,794.55 -
2.2 Total number of shareholders at the end of the report period and statement on
shares held by the top ten shareholders with shares not subject to trading moratorium
Unit: share
Total number of shareholders at the period-end 130,710
The top ten shareholders holding shares not subject to trading moratorium
Full name of shareholders
Number of shares not subject to trading
moratorium held at the period-end
Type of share
Prosperity Lamps and Components Ltd. 102,751,648 RMB ordinary share
China Construction Bank-China Advantage
Growth Stock Fund
36,147,934 RMB ordinary share
DBS VICKERS (HONG KONG) LTD A/C
CLIENTS
12,794,881 Domestically listed foreign share
Taifook Securities Company Limited-Account 10,758,212 Domestically listed foreign shareClient
Bank of China-E Fund Shenzhen Stock 100
Transaction Open-ended Index Fund
9,578,484 RMB ordinary share
EAST ASIA SECURITIES COMPANY
LIMITED
9,527,080 Domestically listed foreign share
ICBC-Lion Stock Fund 8,458,435 RMB ordinary share
Zhuang Jianyi 8,404,132 Domestically listed foreign share
Bank of China-First-Trust Goodquality Life
Stock Fund
8,169,949 RMB ordinary share
Industrial & Commercial Bank of
China-Rongtong Shen Securities 100 Index Fund
6,396,288 RMB ordinary share
§3 Significant Events
3.1 Significant changes in major accounting data, financial highlights and reasons for
these changes
√Applicable □Inapplicable
1. Monetary capital decreased 32.84% year-on-year, mainly because the Company
increase capital on investment;
2. Financial assets available for sale increased 100% year-on-year, mainly because the
Company transferred in items of long-tem equity investment of equities of China
Everbright Bank in this year;
3. Long-term equity increased 57.9% year-on-year, mainly because the Company
increase investment in this year;
4. Loss from assets impairment increased 304.50% year-on-year, mainly because
withdrawal of bad debt reserves increased in this year;
5. Income from investment decreased 76.89% year-on-year, mainly because bonus
received from invested companies decreased in current year;
6. Net cash flow arising from operating activities decreased 76.74% year-on-year,
mainly because expenses for operating activities increased in current year;
3.2 The progress of significant events and its influence, as well as the analysis and
explanation on solutions
3.2.1 About non-standard opinion
□Applicable √Inapplicable
3.2.2 The Company offer capital to the controlling shareholder or other related parties
and provide external guarantees in violation of the prescribed procedures.
□Applicable √Inapplicable
3.2.3 Signing contract and execution of significant contract on routine operation
□Applicable √Inapplicable
3.2.4 Others√Applicable □Inapplicable
1. The Company published public notice on Increasing Investment in Qinghai Fozhao
Lithium Energy Exploitation Co., Ltd on 15 Jul. 2010, and the Company paid RMB
8,769,260 as registered capital. Relevant work on increasing investment has been
completed.
2. The Company published public notice on Official Purchase of 20% equity of Hefei
GuoXuan High-tech Power Energy Co., Ltd held by Hefei GuoXuan Marketing
Scheme Co., Ltd on 15 Jul. 2010, and relevant woke on purchase and transfer has
been completed. Hefei GuoXuan High-tech Power Energy Co., Ltd reviewed and
approved resolutions of the shareholders’ general meeting on 10 Aug. 2010, which
approved to increase capital, introduce new strategic partner to invest RMB
88,800,000. After increasing capital ,the registered capital of the Company was RMB
111,100,000. Equity held by the Company was changed to 18.0018%.
3. The Company published public notice on Signing Letter of Intent on cooperation of
LED Project on 3 Aug. 2010, and the Company is testing samples provided by
BridgeLux Inc.
4. The Company published public notice on Starting Establishment of Qinghai Fozhao
Lithium Ion Battery Cathode Materials Co., Ltd on 18 Aug. 2010. Up to 30 Sep. 2010,
record of registration was still in progress according to relevant procedures.
5. Proposal on Authorizing Operating Team to Prepare Production of Lithium Ion
Battery and Integration of PACK Base was reviewed and approved at the 4th Meeting
of the 6th Board of Directors of the Company, and the project was in progress of
preparation.
6. The Company published public notice on Signing Letter of Intent with PIHSIANG
MACHINERY MFG. CO., LTD on 20 Aug. 2010, detailed cooperation project was in
progress of negotiation.
3.3 The fulfillment of the commitment made by the Company, shareholders and the
actual controller
√Applicable □Inapplicable
Commitment
Commitment
maker
Content Execution
Commitment on share merger
reform
OSRAM Holding
Co., Ltd
Special commitments: 1. No listing and transfer
may be taken within 60 months as of the date
when the shares of the Company held by this
company obtain the trading right [i] or before
Dec. 31, 2011 [ii] (taking the earlier date between
[i] and [ii]). OSRAM Holding Co., Ltd would
submit Shenzhen Stock Exchange to lock up the
said shares in the course of the moratorium of
trading right of the aforesaid shares after transfer
of the shares.
2. Germany OSRAM Company would purchase
Under executionthe lamp products from FSL in accordance with
the clauses of the Purchase Contract on Lamp
Products signed between Germany OSRAM
Company and FSL on Aug. 31, 2004.
3. As required by FSL, OSRAM PROSPERITY
should urge Germany OSRAM Company to
provide the relevant technology abidance and
skill to FSL in accordance with the clauses and
conditions negotiated between FSL and Germany
OSRAM Company.
Commitment made in merger
report or report on change of
equity
Naught Naught Naught
Commitment made when
reorganization of significant
assets
Naught Naught Naught
Commitment made when
offering
Naught Naught Naught
Other commitments (including
added commitment)
Naught Naught Naught
3.4 Warnings of possible loss or large-margin change of the accumulated net profit
made during the period from the beginning of the year to the end of the next report
period compared with the same period of the last year according to prediction, as well
as explanations on the reasons
□Applicable √Inapplicable
3.5 Other significant events need to be explained
3.5.1 Securities Investment
√Applicable □Inapplicable
Unit: RMB Yuan
Serial
numbe
r
Securities variety
Securities
code
Short form
of
securities
Initial
investment
amount
(RMB)
Number of
shares held at
the
period-end
(share)
Book value at
period-end
(RMB)
Proportion in
total
securities
investment at
period-end
(%)
Profits or
losses in the
report period
1 0 0 0.00 0 0.00 0.00% 0.00
Other securities investment held at the period-end 0.00 - 0.00 0.00% 0.00
Profits or losses of securities sold in the report period - - - - 178,118.10
Total 0.00 - 0.00 100% 178,118.10Explanation on securities investment
Up to the end of report period, there was no securities investment on financial assets
available for sale.
3.5.2 Researches, interviews and visits received in report period
Reception time Reception place Reception way Visitor Main discussion and materials provided
1 Jul. 2010 The Company Field research
Guangdong New Value
Investment Co., Ltd
Inquired about the production and
operation of the Company
7 Jul. 2010 The Company Field research
Shenyin & Wanguo
Securities
Inquired about the production and
operation of the Company
7 Jul. 2010 The Company Field research
ICBC Credit Suisse
Asset Management
Inquired about the production and
operation of the Company
14 Jul. 2010 The Company Field research Dongguan Securities
Inquired about the production and
operation of the Company
20 Jul. 2010 The Company Field research Guosen Securities
Inquired about the production and
operation of the Company
20 Jul. 2010 The Company Field research GoldState Securities
Inquired about the production and
operation of the Company
20 Jul. 2010 The Company Field research FCS
Inquired about the production and
operation of the Company
20 Jul. 2010 The Company Field research Citic international
Inquired about the production and
operation of the Company
20 Jul. 2010 The Company Field research
Boyer Allan Investment
Manage ment
Inquired about the production and
operation of the Company
20 Jul. 2010 The Company Field research Invesco Securities
Inquired about the production and
operation of the Company
20 Jul. 2010 The Company Field research China Post Fund
Inquired about the production and
operation of the Company
20 Jul. 2010 The Company Field research
Xiaoniu Asset
Management
Inquired about the production and
operation of the Company
20 Jul. 2010 The Company Field research
ICBC Credit Suisse
Asset Management
Inquired about the production and
operation of the Company
20 Jul. 2010 The Company Field research
ZRGX Assets
Management
Inquired about the production and
operation of the Company
11 Aug. 2010 The Company Field research China Merchants Fund
Inquired about the production and
operation of the Company
27 Aug. 2010 The Company Field research
KBC GoldState Fund
Management
Inquired about the production and
operation of the Company
3.6 Investment of financial derivatives
□Applicable √Inapplicable
3.6.1 Financial derivatives held during this report period
□Applicable √Inapplicable§4 Attachment
4.1 Balance Sheet
Prepared by: Foshan Electrical and Lighting Co., Ltd. 30 Sept. 2010 Unit: (RMB) Yuan
Amount at the period-end Amount at the year-begin
Items
Consolidation Parent company Consolidation Parent company
Current Assets:
Monetary funds 696,189,464.80 609,985,596.08 1,036,582,265.88 927,931,735.27
Settlement fund reserves
Dismantle funds
Transaction financial assets 121,570.00 121,570.00
Notes receivable 62,190,850.33 60,746,897.63 54,093,298.72 51,333,256.72
Accounts receivable 313,439,626.84 323,509,101.91 284,367,231.84 304,213,230.54
Accounts paid in advance 45,579,666.34 45,472,300.34 15,594,986.51 11,992,075.44
Premiums receivable
Reinsurance premiums
receivable
Reinsurance contract reserves
receivable
Interest receivable
Dividend receivable 11,391,849.00
Other accounts receivable 19,275,462.08 56,453,123.97 12,842,598.07 46,329,398.39
Buying back the sale of
financial assets
Inventories 377,382,730.27 326,073,891.82 234,240,250.37 202,292,392.67
Non-current assets due within 1
year
Other current assets
Total current assets 1,514,057,800.66 1,433,632,760.75 1,637,842,201.39 1,544,213,659.03
Non-current assets:
Loans and advances
Available-for-sale financial
assets
83,651,617.28 83,651,617.28
Held-to-maturity investments
Long-term accounts receivableLong-term equity investment 401,267,801.07 533,048,190.91 254,124,296.23 385,904,686.07
Investing property
Fixed assets 633,463,204.61 561,780,600.71 667,218,994.19 605,693,295.95
Construction in progress 173,685,682.43 122,252,176.55 184,971,615.68 128,488,231.78
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 224,285,784.90 206,376,453.94 228,064,300.35 209,996,698.18
Development expense
Goodwill
Long-term expense to be
apportioned
Deferred income tax assets 13,964,666.15 13,373,734.04 22,878,756.57 22,419,642.96
Other non-current assets
Total of non-current assets 1,530,318,756.44 1,520,482,773.43 1,357,257,963.02 1,352,502,554.94
Total assets 3,044,376,557.10 2,954,115,534.18 2,995,100,164.41 2,896,716,213.97
Current liabilities:
Short-term borrowings
Borrowings from Central Bank
Deposits and due to banks and
other financial institutions
Call loans received
Transaction financial liabilities
Notes payable
Accounts payable 249,285,769.30 221,534,234.19 140,739,081.85 120,577,073.98
Accounts received in advance 18,569,373.47 18,029,906.42 31,482,851.09 29,945,697.96
Financial assets sold for
repurchase
Handling charges and
commissions payable
Employee’s compensation
payable
38,759,277.53 38,759,277.53 48,390,789.12 46,769,031.39
Tax payable 3,791,924.51 1,473,555.97 22,246,390.83 21,042,745.31
Interest payable
Dividend payable 8,545,079.89Other accounts payable 16,497,998.33 6,715,492.67 36,391,801.59 26,152,530.24
Reinsurance premiums payable
Insurance contract reserves
Money paid for acting trading
of securities
Money paid for acting
underwriting of securities
Non-current liabilities due
within 1 year
Other current liabilities
Total current liabilities 335,449,423.03 286,512,466.78 279,250,914.48 244,487,078.88
Non-current liabilities:
Long-term borrowings
Bonds payable
Long-term payables
Specific payables
Accrued liabilities
Deferred income tax liabilities
Other non-current liabilities 10,377,104.12 10,377,104.12 9,852,274.95 9,852,274.95
Total non-current liabilities 10,377,104.12 10,377,104.12 9,852,274.95 9,852,274.95
Total liabilities 345,826,527.15 296,889,570.90 289,103,189.43 254,339,353.83
Owners’ equity (or shareholders’
equity):
Paid-up capital (or share
capital)
978,563,745.00 978,563,745.00 978,563,745.00 978,563,745.00
Capital reserves 639,748,755.81 639,794,241.38 586,925,954.53 586,971,440.10
Less: treasury stock
Special reserves
Surplus reserves 528,474,746.92 528,474,746.92 528,474,746.92 528,474,746.92
Provision for general risks
Retained profits 513,755,126.55 510,393,229.98 566,135,541.76 548,366,928.12
Foreign exchange difference
Total owners' equity attributable
to parent company
2,660,542,374.28 2,657,225,963.28 2,660,099,988.21 2,642,376,860.14
Minority interests 38,007,655.67 45,896,986.77
Total owners’ equity 2,698,550,029.95 2,657,225,963.28 2,705,996,974.98 2,642,376,860.14
Total liabilities and owners’ 3,044,376,557.10 2,954,115,534.18 2,995,100,164.41 2,896,716,213.97equity
Person in charge of the Company: Zhong Xincai
Person in charge of the accounting work: Zhong Xincai
Person in charge of the accounting organ: Wang Shuqiong
4.2 Income statement as of the report period
Prepared by: Foshan Electrical and Lighting Co., Ltd. Jul-Sept. 2010 Unit: (RMB) Yuan
Current period Last period
Items
Consolidation Parent company Consolidation Parent company
I. Total operation income 497,501,586.99 476,580,967.30 565,881,889.90 473,713,949.20
Including: Operation income 497,501,586.99 476,580,967.30 565,881,889.90 473,713,949.20
Interest income
Premium income
Handling charge and
commission income
II. Total cost of sales 387,510,579.67 382,565,765.27 497,451,140.84 419,727,573.13
Including: Cost of sales 337,731,634.39 341,508,682.97 451,875,419.13 383,139,038.22
Interest expenses
Handling charge and
commission expenses
Cash surrender value
Net amount of claims
Net amount withdrawn as the
insurance contract reserve
Expenditure on policy
dividends
Reinsurance expenses
Taxes and associate charges 4,901,702.39 4,473,063.69 3,607,413.99 3,165,324.67
Selling and distribution
expenses
15,457,890.77 12,966,308.14 17,358,830.71 12,473,202.45
Administrative expenses 25,102,166.36 22,994,609.61 26,010,056.95 20,223,134.03
Financial expenses -99,024.61 65,201.57 -1,172,454.98 -1,077,940.72
Impairment loss 4,416,210.37 557,899.29 -228,124.96 1,804,814.48
Add: gain/loss from change in
fair value (“-” means loss)
5,940.00 5,940.00
Investment income (“-” means 987,024.98 21,797,885.39 3,621,015.80 3,621,015.80loss)
Including: income form
investment on affiliated enterprise
and jointly-run enterprises
Foreign exchange difference
(“-” means loss)
III. Business profit (“-” means
loss)
110,978,032.30 115,813,087.42 72,057,704.86 57,613,331.87
Plus: non-operation income 535,944.55 501,440.36 3,913,096.02 3,903,029.27
Less: non-operation expense 1,589,607.87 1,487,964.71 5,489.85 4,508.33
Including: loss from
non-current asset disposal
IV. Total profit (“-” means loss) 109,924,368.98 114,826,563.07 75,965,311.03 61,511,852.81
Less: Income tax expense 25,409,138.31 22,866,950.95 8,939,342.48 8,007,462.90
V. Net profit (“-” means loss) 84,515,230.67 91,959,612.12 67,025,968.55 53,504,389.91
Attributable to owners of the
parent company
82,085,840.73 91,959,612.12 63,228,132.30 53,504,389.91
Gains/losses of minority
shareholders
2,429,389.94 3,797,836.25
VI. Earnings per share
(I) Basic earnings per share 0.08 0.06
(II) Diluted earnings per share 0.08 0.06
VII. Other comprehensive
incomes
VIII. Total comprehensive
incomes
84,515,230.67 91,959,612.12 67,025,968.55 53,504,389.91
Attributable to owners of the
parent company
82,085,840.73 91,959,612.12 63,228,132.30 53,504,389.91
Attributable to minority
shareholders
2,429,389.94 3,797,836.25
Person in charge of the Company: Zhong Xincai
Person in charge of the accounting work: Zhong Xincai
Person in charge of the accounting organ: Wang Shuqiong
4.3 Income statement for the period from the year-begin to the end of the report period
Prepared by: Foshan Electrical and Lighting Co., Ltd. Jan.-Sept. 2010 Unit: (RMB) Yuan
Current period Last period
Items
Consolidation Parent company Consolidation Parent companyI. Total operation income 1,321,861,931.64 1,229,733,591.57 1,305,694,929.00 1,241,358,068.29
Including: Operation income 1,321,861,931.64 1,229,733,591.57 1,305,694,929.00 1,241,358,068.29
Interest income
Premium income
Handling charge and
commission income
II. Total cost of sales 1,111,657,257.68 1,038,308,200.13 1,144,870,236.14 1,107,541,540.19
Including: Cost of sales 963,201,948.60 912,988,263.07 1,010,374,019.45 993,733,476.80
Interest expenses
Handling charge and
commission expenses
Cash surrender value
Net amount of claims
Net amount withdrawn as the
insurance contract reserve
Expenditure on policy
dividends
Reinsurance expenses
Taxes and associate charges 12,130,056.38 10,881,094.51 8,871,788.32 7,867,222.07
Selling and distribution
expenses
54,689,508.27 47,124,234.05 55,689,346.19 45,732,164.90
Administrative expenses 80,961,297.56 65,433,773.76 71,934,097.72 58,650,805.98
Financial expenses -3,556,351.01 -2,944,096.32 -3,044,935.65 -2,783,566.87
Impairment loss 4,230,797.88 4,824,931.06 1,045,920.11 4,341,437.31
Add: gain/loss from change in
fair value (“-” means loss)
5,940.00 5,940.00
Investment income (“-” means
loss)
1,165,143.08 26,674,756.40 5,041,815.80 5,041,815.80
Including: income form
investment on affiliated enterprise
and jointly-run enterprises
Foreign exchange difference
(“-” means loss)
III. Business profit (“-” means
loss)
211,369,817.04 218,100,147.84 165,872,448.66 138,864,283.90
Plus: non-operation income 2,067,585.06 1,732,763.67 15,322,935.11 4,368,202.72Less: non-operation expense 4,119,323.03 4,012,679.87 4,829,640.73 558,467.21
Including: loss from
non-current asset disposal
IV. Total profit (“-” means loss) 209,318,079.07 215,820,231.64 176,365,743.04 142,674,019.41
Less: Income tax expense 43,468,064.73 38,509,905.88 29,074,431.62 24,408,876.99
V. Net profit (“-” means loss) 165,850,014.34 177,310,325.76 147,291,311.42 118,265,142.42
Attributable to owners of the
parent company
162,903,608.69 177,310,325.76 134,408,571.49 118,265,142.42
Gains/losses of minority
shareholders
2,946,405.65 12,882,739.93
VI. Earnings per share
(I) Basic earnings per share 0.17 0.14
(II) Diluted earnings per share 0.17 0.14
VII. Other comprehensive
incomes
VIII. Total comprehensive
incomes
165,850,014.34 177,310,325.76 147,291,311.42 118,265,142.42
Attributable to owners of the
parent company
162,903,608.69 177,310,325.76 134,408,571.49 118,265,142.42
Attributable to minority
shareholders
2,946,405.65 12,882,739.93
Person in charge of the Company: Zhong Xincai
Person in charge of the accounting work: Zhong Xincai
Person in charge of the accounting organ: Wang Shuqiong
4.4 Cash flow statement for the period from the year-begin to the end of the report
period
Prepared by: Foshan Electrical and Lighting Co., Ltd. Jan.-Sep. 2010 Unit: (RMB) Yuan
Current period Last period
Items
Consolidation Parent company Consolidation Parent company
Ⅰ .Cash flows from operating
activities:
Cash received from sale of
commodities and rendering of
service
1,416,879,115.86 1,215,343,563.86 1,303,298,680.94 1,209,950,943.66
Net increase of deposits from
customers and dues from banks
Net increase of loans from thecentral bank
Net increase of funds borrowed
from other financial institutions
Cash received from premiums of
original insurance contracts
Net cash received from
reinsurance business
Net increase of savings of policy
holders and investment funds
Net increase of disposal of
tradable financial assets
Cash received from interest,
handling charges and
commissions
Net increase of borrowed
inter-bank funds
Net increase of buy-back funds
Tax refunds received 9,367,323.31 9,092,042.85 16,189,927.23 16,189,927.23
Other cash received relating to
operating activities
14,326,753.20 13,409,765.55 16,989,380.90 22,792,756.53
Subtotal of cash inflows from
operating activities
1,440,573,192.37 1,237,845,372.26 1,336,477,989.07 1,248,933,627.42
Cash paid for purchase of
commodities and reception of
service
990,134,771.20 830,383,609.67 737,225,669.34 741,329,672.25
Net increase of customer lending
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 198,592,313.80 170,875,205.56 154,086,999.78 132,633,549.78
Various taxes paid 122,680,792.96 106,048,191.07 83,343,504.29 67,117,372.44
Other cash paid relating to 52,910,225.13 48,712,411.65 34,027,521.82 40,881,732.23operating activities
Subtotal of cash outflows from
operating activities
1,364,318,103.09 1,156,019,417.95 1,008,683,695.23 981,962,326.70
Net cash flows from operating
activities
76,255,089.28 81,825,954.31 327,794,293.84 266,971,300.72
Ⅱ. Cash flows from investment
activities:
Cash received from withdrawal of
investments
1,193,874.04 1,193,874.04 4,500,000.00 4,500,000.00
Investment income 1,165,143.08 6,298,547.52 5,036,208.88 6,412,582.41
Net cash received from disposal
of fixed assets, intangible assets
and other long-term assets
2,995,200.00 3,692,400.00
Net cash received from disposal
of subsidiaries or other operating
business units
Other cash received relating to
investment activities
10,005,606.92 10,005,606.92
Subtotal of cash inflows from
investment activities
2,359,017.12 7,492,421.56 22,537,015.80 24,610,589.33
Cash paid to acquire fixed assets,
intangible assets and other
long-term assets
44,262,972.72 33,837,918.73 145,746,125.76 143,688,694.63
Cash paid for investment 169,805,265.00 169,805,265.00 9,768,109.08 12,768,109.08
Net increase of pledged loans
Net cash paid to acquire
subsidiaries and other operating
units
Other cash paid relating to
investment activities
Subtotal of cash outflows from
investment activities
214,068,237.72 203,643,183.73 155,514,234.84 156,456,803.71
Net cash flows from investment
activities
-211,709,220.60 -196,150,762.17 -132,977,219.04 -131,846,214.38
Ⅲ .Cash flows from financing
activities
Cash received from capital
contribution
2,000,000.00
Of which: cash received bysubsidiaries from minority
shareholders’ capital contribution
Cash received from borrowings
Cash received from issuance of
bonds
Other cash received relating to
financing activities
Subtotal of cash flows from
financing activities
2,000,000.00
Cash repayments of amounts
borrowed
Cash paid for interest expenses
and distribution of dividends or
profit
203,096,294.07 201,781,832.57 148,333,048.86 146,811,191.04
Of which: stock dividends and
profits paid to minority
shareholders by subsidiaries.
Other cash paid relating to
financing activities
Subtotal of cash outflows from
financing activities
203,096,294.07 201,781,832.57 148,333,048.86 146,811,191.04
Net cash flows from financing
activities
-203,096,294.07 -201,781,832.57 -146,333,048.86 -146,811,191.04
Ⅳ . Effect of foreign exchange
alterations on cash and cash
equivalents
-1,842,384.69 -1,839,498.76 -2,686,420.85 -2,686,752.69
Ⅴ. Net increase of cash and cash
equivalents
-340,392,810.08 -317,946,139.19 45,797,605.09 -14,372,857.39
Plus: balance of cash and cash
equivalents at the period-begin
1,036,582,265.88 927,931,735.27 921,144,178.68 886,298,530.33
Ⅵ .Balance of cash and cash
equivalents at the period-end
696,189,455.80 609,985,596.08 966,941,783.77 871,925,672.94
Person in charge of the Company: Zhong Xincai
Person in charge of the accounting work: Zhong Xincai
Person in charge of the accounting organ: Wang Shuqiong
4.5 Audit report
Auditor’s opinion: un-audited
