京东方科技集团股份有限公司 2010 年第三季度季度报告全文
1
BOE TECHNOLOGY GROUP CO., LTD.
THE THIRD QUARTERLY REPORT 2010
§1. Important Notice
1.1 The Board of Directors, the Supervisory Committee and the directors, supervisors and senior management of BOE Technology Group Co., Ltd. (hereinafter referred to as “the Company”) hereby guarantee that this report does not contain any false information, misleading statements or material omissions, and accept, individually and collectively, the responsibility for the factuality, accuracy and completeness of this report.
1.2 The Financial Report of this quarterly report has not been audited by a CPA firm.
1.3 Mr. Wang Dongsheng, Chairman of the Board of Directors of the Company, Mr. Chen Yanshun, President of the Company, Ms. Sun Yun, Chief Financial Officer and Ms. Yang Xiaoping, Person-in-charge of the Financial Planning Department hereby confirm that the Financial Report enclosed in the Quarterly Report is factual and complete.
§2. Company Profile
2.1 Main accounting data and financial indexes
Unit: RMB Yuan 30 Sept. 2010 31 Dec. 2009 Increase/decrease（％） Total assets (Yuan)
42,064,776,912.00
30,613,980,480.00
37.40% Owners’ equity attributable to shareholders of listed company (Yuan)
17,011,268,021.00
18,022,804,672.00
-5.61% Share capital (share)
8,282,902,447.00
8,282,902,447.00
0.00% Net assets per share attributable to shareholders of listed company (Yuan/share)
2.05
2.18
-5.96% Jul.-Sept. 2010 Increase/decrease over same period of last year (%) Jan.-Sept. 2010 Increase/decrease over same period of last year (%) Total operation income (Yuan)
2,015,634,016.00
-1.50%
6,202,063,899.00
42.76% Net profit attributable to shareholders of listed company (Yuan)
-448,137,532.00
-5,818.24%
-988,843,759.00
-30.63% Net cash flows generated from operating activities (Yuan)
-
-
-255,425,626.00
-234.04% Net cash flows per share generated from operating activities (Yuan/share)
-
-
-0.03
-234.04% Basic earnings per share (Yuan/share)
-0.05
-5,818.24%
-0.12
14.29% Diluted earnings per share (Yuan/share)
-0.05
-5,818.24%
-0.12
14.29% Weighted average ROE (%)
-2.60%
-8,439.11%
-5.65%
-28.27% Weighted average ROE after deducting extraordinary gains and losses (%)
-2.72%
-1,457.38%
-5.88%
-25.86%
Items of extraordinary gains and losses Amount from year-begin to the end of this report period Notes
Gains and losses from disposal of non-current assets
2,475,747.00
-
Governmental subsidies recorded into the current gains and losses, excluding those constantly enjoyed by the Company at fixed amounts or proportions according to certain standards of the government
37,361,457.00
-京东方科技集团股份有限公司 2010 年第三季度季度报告全文
2
policies, which are closely related to the normal operation of the Company
Other non-business income and expenses besides the above items
5,913,528.00
-
Effect on income tax
-434,300.00
-
Effect on minority interests
-4,860,202.00
- Total
40,456,230.00
-
2.2 Total number of shareholders at period-end and shareholding of top ten shareholders holding tradable shares
Unit: share Total number of shareholders at period-end
396,254 shareholders (including 355,463 A-share holders and 40,791 B-share holders) Shareholding of top ten shareholders holding tradable shares Name of shareholder (full name) Number of tradable shares held at period-end Type of share
Beijing BOE Investment & Development Co., Ltd.
717,484,233
RMB ordinary shares
Beijing E-town International Investment & Development Co., Ltd
583,333,334
RMB ordinary shares
Ke Xiping
520,450,000
RMB ordinary shares
Shanghai Nordsion Information
Technology Co., Ltd
235,720,000
RMB ordinary shares
Beijing Electronics Holding Co., Ltd
229,419,902
RMB ordinary shares
Aerospace Science & Technology Financial Co., Ltd
224,890,515
RMB ordinary shares
Southwest Securities Co., Ltd
220,502,994
RMB ordinary shares
Beijing Zhishuai Investment Consulting Co., Ltd
179,999,900
RMB ordinary shares
FIELDS PACIFIC LIMITED
47,263,462
Domestically listed foreign shares
Beijing State-owned Assets Management Co., Ltd
47,079,309
RMB ordinary shares
§ 3 Significant Events
3.1 Particulars about major changes of main accounting statement items and financial indicators, as well as reasons for the changes
√Applicable □Inapplicable
(1) Other receivables were up by 45% over the end of last year, which was mainly because the other receivable balance of enterprises newly included into the consolidation scope was transferred into the item;
(2) Other current assets were up by 143% over the end of last year, which was mainly due to the refund of the excess VAT paid for equipment purchases;
(3) Construction in process was up by 810% over the end of last year, which was mainly because the payment for construction and equipment purchases increased during the construction period of projects;
(4) Goodwill was up by 56% over the end of last year, which was mainly due to the goodwill formed as a result of the Company’s acquisition of subsidiaries;
(5) Other non-current assets were up by 206% over the end of last year, which was mainly because the Company prepaid for construction and equipments for projects;
(6) Short-term borrowings were up by 386% over the end of last year, which was mainly because some foreign-currency borrowings were obtained for the projects in construction;
(7) Accounts payable were up by 40% over the end of last year, which was mainly due to the increase of payables to suppliers;
(8) Interest payable was up by 540% over the end of last year, which was mainly because there were京东方科技集团股份有限公司 2010 年第三季度季度报告全文
3
some projects in construction and borrowings from banks increased as a result;
(9) Other payables were up by 67% over the end of last year, which was mainly because more security deposits for bidding were received;
(10) Long-term borrowings were up by 55% over the end of last year, which was mainly because the Company received more syndicated loans;
(11) Other non-current liabilities were up by 114% over the end of last year, which was mainly because more governmental subsidies were received;
(12) Minority interests were up by 140% over the end of last year, which was mainly because minority shareholders increased their investment;
(13) The operating income was up by 43% year on year, which was mainly because some new projects entered the mass production stage, which boosted the operating income;
(14) The operating cost was up by 39% year on year, which was mainly because some new projects entered the mass production stage and boosted the operating income, which raised the operating cost correspondingly;
(15) Marketing and distribution expenses were up by 88% year on year, which was mainly because the sales of main products rose, which resulted in the corresponding rise of marketing and distribution expenses;
(16) Financial expenses were down by 84% year on year, which was mainly because monetary funds increased due to the private issuance of A-shares and the interest on bank savings increased over last year;
(17) Asset impairment loss was up by 123% year on year, which was mainly because in the same period of last year, the TFT-LCD industry started to recover and prices rose, which wrote back the previously withdrawn impairment reserves;
(18) Investment income was up by 103% year on year, which was mainly because some original jointly-run enterprises of the Company were included into the consolidation scope;
(19) Net cash flows from operating activities were down by 234% year on year, which was mainly because markets for main products saw some fluctuations in the report period;
(20) Net cash flows from investing activities were down by 452% year on year, which was mainly because some new projects were in construction and the payment for construction and equipment purchases increased.
3.2 Progress and influence of significant events, as well as the analysis on solutions
3.2.1 Concerning non-standard audit opinions
□Applicable √Inapplicable
3.2.2 Whether the Company provided funds for the controlling shareholder or its related parties or provided guarantees for external parties in violation of prescribed procedures
□Applicable √Inapplicable
3.2.3 Signing and execution of significant contracts concerning the routine operation
√Applicable □Inapplicable
(1) Guarantees provided by the Company during the report period
On 9 Jul. 2010, Hefei BOE Optoelectronics Technology Co., Ltd. (hereinafter referred to as “Hefei BOE”), the Company’s controlled subsidiary, signed the Syndicated Loan Contract for 6th-Generation TFT-LCD Project (hereinafter referred to as the “Loan Contract”) and the Contract for Syndicated Loan Mortgage with the loan syndicate including China Development Bank, the Business Department of the head office of the Minsheng Bank of China, the Hefei branch of Huishang Bank and the Anhui branch of China Construction Bank (hereinafter jointly called the “Loan Syndicate”). According to the Loan京东方科技集团股份有限公司 2010 年第三季度季度报告全文
4
Contract, the line of credit stood at RMB 2,800,000,000 and USD 689,330,000 with a term of nine years, which shall be used for the Hefei 6G Production Line Project. According to the Contract for Syndicated Loan Mortgage, all the owned or acquired land use rights, existing factory buildings or other buildings or those in construction (including relevant land use rights), and existing and will-be-had machines and other production equipments of Hefei BOE with in the scope of the 6G Production Line Project shall be mortgaged to the Loan Syndicate; and other land use rights acquired and/or buildings in construction (including relevant land use rights) and/or new buildings (including relevant land use rights) and/or new production equipments shall be mortgaged to the Loan Syndicate.
(2) Other significant contracts
On 15 Mar. 2010, the Company signed the Asset Purchase and Sale Contract with JEAN Co., Ltd., acquiring, via the Company’s subsidiary, the computer screen and TV set business and relevant assets of JEAN (hereinafter referred to as “the Acquisition”). On 31 Aug. 2010, the Company and JEAN signed the Memorandum of Settlement, confirming that the preconditions for acquiring the target assets had all been met. And the Acquisition was settled on the same day.
3.2.4 Others
√Applicable □Inapplicable
(1) Concerning the Hefei 6G TFT-LCD Production Line Project, the first product sample worked successfully on 3 Sept. 2010 and the forth quarter would see the beginning of the mass production;
(2) Concerning the Beijing 8G TFT-LCD Production Line Project, main factory buildings topped out at the end of July, equipment purchases for the project, product and customer development, business invitation and relevant arrangements for the upstream and downstream industrial chains and other relevant work was in smooth progress, and the fourth quarter of 2011 is expected to see the mass production.
(3) Concerning the Private A-share Issuance Project, the Company’s application to raise capital through the private A-share issuance for the Beijing 8G TFT-LCD Production Line Project was approved by CSRC on 26 Sept. 2010, and the Company’s Board of Directors would actively push forward the private issuance according to the reply documents from CSRC and the authorization of the Shareholders’ General Meeting.
3.3 Fulfillment of commitments made by the Company, shareholders and the actual controller
□Applicable √Inapplicable
3.4 Warnings of possible losses or major changes of the accumulative net profit achieved during the period from the year-begin to the end of the next report period compared with the same period of last year, as well as explanation on reasons
√Applicable □Inapplicable Performance forecast
loss From year-begin to the end of the next report period Same period of last year Increase/decrease（%） Estimated accumulative net profit (RMB 0’000)
-140,000.00 --
-130,000.00
4,968.03
--
--
Basic earnings per share (RMB/share)
-0.16 --
-0.15
0.008
--
--
Notes to performance forecast
1. Since the second half of 2010, prices for main products of the Company have been decreasing and the prices are expected to be at a low level for the fourth quarter;
2. In order to ensure the smooth operation of the Company’s new production lines in process, the Company increased its input in technology development, product development, new product京东方科技集团股份有限公司 2010 年第三季度季度报告全文
5
manufacturing, employee training, etc..
3.5 Other significant events that need to be explained
3.5.1 Securities investment
□Applicable √Inapplicable
3.5.2 Researches, interviews and visits received in report period Date Place Way of reception Visitor Main discussion and materials provided by the Company
9 Jul. 2010
Conference Room of the Company
Field research
Taikang Asset Management Co., Ltd.
Main discussion:
1. Operation status and future development strategies of the Company;
2. Current situation and development trends in the industry;
3. Particulars about the Hefei 6G Production Line and the Beijing 8G Production Line; and
4. Private share issuance in 2010;
Materials provided by the Company:
2009 Annual Report of the Company, the Company brochure and other already disclosed materials
13 Jul. 2010
Conference Room of the Company
Field research
Merrill Lynch
5 Aug. 2010
Conference Room of the Company
By phone
China Post Securities
Main discussion:
1. Operation status and future development strategies of the Company;
2. Current situation and development trends in the industry;
3. Particulars about the Hefei 6G Production Line and the Beijing 8G Production Line; and
4. Private share issuance in 2010;
Materials provided by the Company:
2009 Annual Report of the Company, the Company brochure and other already disclosed materials
31 Aug. 2010
Conference Room of the Company
Field research
Zheshang Securities
31 Aug. 2010
Conference Room of the Company
Field research
Beijing Jingdian Heshun Investment & Development Co., Ltd.
9 Sept. 2010
Conference Room of the Company
By phone
Genesis Capital
Main discussion:
1. Operation status and future development strategies of the Company;
2. Current situation and development trends in the industry;
3. Particulars about the Hefei 6G Production Line and the Beijing 8G Production Line; and
4. Private share issuance in 2010;
Materials provided by the Company:
2009 Annual Report of the Company, the Company brochure and other already disclosed materials
13 Sept. 2010
Conference Room of the Company
Field research
Moon Capital Management LP
15 Sept. 2010
Conference Room of the Company
Field research
Asian Century Quest
17 Sept. 2010
Conference Room of the Company
Field research
China National Investment & Guaranty Co., Ltd., Aerospace Science & Industry Finance CORP., Taikang Insurance Asset Management Co., Ltd., Genesis Capital, TX Investment Consulting Co., Huashang Fund, Aerospace Industry Fund Management Co., Ltd., Sinosafe Insurance, Penghua Fund Management, Foton Motor Finance Co., Ltd. and Changsheng Fund Management京东方科技集团股份有限公司 2010 年第三季度季度报告全文
6
Co., Ltd.
21 Sept. 2010
Conference Room of the Company
Field research
Trilogy Global Advisors,LLC
28 Sept. 2010
Conference Room of the Company
Field research
Gaohua Securities/Goldman Sachs, China Post & Capital Fund Management Co., Ltd., Mizuho Corporate Bank, Northern International Trust Co., Ltd., RAB Capital (Asia) Limited, Chilton Investment Company Limited and Manulife Teda Fund Management Co., Ltd.
3.6 Investments in financial derivative products
□Applicable √Inapplicable
3.6.1 Positions of financial derivative products held at period-end
□Applicable √Inapplicable
§ 4 Appendix
4.1 Balance sheet
Prepared by BOE Technology Group Co., Ltd. 30 Sep. 2010 Unit: RMB Yuan Items Closing balance Beginning balance Consolidation Parent company Consolidation Parent company Current assets: Monetary funds
16,503,919,807.00
2,557,253,521.00
15,836,411,922.00
2,793,913,468.00 Settlement reserve
Lending to other bank and other financial institutions
Transaction financial assets
Notes receivable
332,634,775.00
1,567,317.00
331,898,229.00
1,049,534.00 Account receivable
1,243,364,291.00
48,663,113.00
1,195,729,431.00
45,271,329.00 Account paid in advance
63,834,391.00
25,000.00
41,375,396.00
1,860,516.00 Premium receivable
Reinsurance premiums receivable
Reinsurance contact reserves receivable
Interest receivable
50,151,702.00
12,507,947.00
36,303,904.00
5,068,185.00 Dividend receivable
8,204,147.00
8,204,147.00 Other receivables
154,920,871.00
487,629,642.00
106,764,069.00
195,093,111.00 Financial assets purchased under agreement to resell
Inventory
947,819,726.00
1,168,596.00
780,639,882.00
282,317.00 Non-current assets within 1 year
Other current assets
690,264,441.00
21,873,643.00
283,806,158.00
572,623.00 Total current assets
19,986,910,004.00
3,138,892,926.00
18,612,928,991.00
3,051,315,230.00 Non-current assets：京东方科技集团股份有限公司 2010 年第三季度季度报告全文
7
Loans and advances
Available-for-sale financial assets
167,459,674.00
167,459,674.00
183,909,549.00
183,909,549.00 Held-to-maturity investments
Long-term account receivable
Long-term equity investment
65,024,243.00
16,844,575,835.00
64,230,890.00
16,513,841,302.00 Investing property
1,158,103,974.00
22,829,981.00
1,204,384,315.00
45,252,698.00 Fixed assets
7,433,555,045.00
299,391,169.00
7,955,058,596.00
144,293,574.00 Construction in progress
10,381,574,489.00
187,148,556.00
1,140,779,520.00
143,053,021.00 Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets
1,010,904,414.00
57,031,500.00
774,986,122.00
55,283,287.00 Development expense
Goodwill
73,743,389.00
47,364,310.00
Long-term deferred expense
20,974,854.00
4,505,243.00
15,747,779.00
3,215,625.00 Deferred income tax assets
51,536,438.00
53,396,674.00
Other non-current assets
1,714,990,388.00
366,934,887.00
561,193,734.00
131,125,822.00 Total non-current assets
22,077,866,908.00
17,949,876,845.00
12,001,051,489.00
17,219,974,878.00 Total assets
42,064,776,912.00
21,088,769,771.00
30,613,980,480.00
20,271,290,108.00 Current liabilities: Short-term borrowings
4,158,878,078.00
51,097,612.00
855,912,704.00
Borrowings from central bank
Deposit and due to banks and other financial institutions
Loans from other bank
Transaction financial liabilities
Notes payable
23,344,263.00
27,025,437.00
Account payable
2,894,426,702.00
48,054,294.00
2,062,612,767.00
73,557,005.00 Account received in advance
75,963,268.00
269,436,833.00
59,726,146.00
270,385,995.00 Financial assets sold for repurchase
Handling charges and commissions payable
Paid to and for employees
165,047,717.00
33,795,782.00
190,728,011.00
29,854,839.00 Tax payable
16,866,889.00
1,310,979.00
37,105,067.00
23,445,437.00 Interest payable
38,409,495.00
1,297,890.00
5,999,659.00
292,521.00 Dividend payable
6,453,790.00
6,453,790.00
6,667,492.00
6,453,790.00 Other account payable
382,415,163.00
846,721,925.00
228,912,302.00
44,796,301.00 Reinsurance premium payable
Reinsurance contact reserves payable
Acting trading of securities
Acting underwriting of securities
Non-current liabilities due within 1 year
260,467,419.00
200,000,000.00
245,684,600.00
200,000,000.00 Other current liabilities
49,142,319.00
40,987,163.00京东方科技集团股份有限公司 2010 年第三季度季度报告全文
8
Total current liabilities
8,071,415,103.00
1,458,169,105.00
3,761,361,348.00
648,785,888.00 Non-current liabilities: Long-term borrowings
6,837,136,539.00
125,000,000.00
4,403,729,000.00
125,000,000.00 Bonds payable
Long-term payables
Specific payables
Accrued liabilities
44,346,148.00
45,970,144.00
Deferred income tax liabilities
283,363,440.00
260,133,072.00
Other non-current liabilities
442,503,904.00
71,512,158.00
206,634,962.00
50,349,340.00 Total non-current liabilities
7,607,350,031.00
196,512,158.00
4,916,467,178.00
175,349,340.00 Total liabilities
15,678,765,134.00
1,654,681,263.00
8,677,828,526.00
824,135,228.00 Owners’ equity (or shareholders’ equity) Paid-up capital (or share capital)
8,282,902,447.00
8,282,902,447.00
8,282,902,447.00
8,282,902,447.00 Capital reserve
11,518,349,253.00
11,332,227,400.00
11,541,232,692.00
11,348,677,276.00 Less: Treasury share
Special reserve
Surplus reserve
499,092,613.00
499,092,613.00
499,092,613.00
499,092,613.00 Provision for general risk
Retained profit
-3,287,094,172.00
-680,133,952.00
-2,298,250,413.00
-683,517,456.00 Foreign exchange difference
-1,982,120.00
-2,172,667.00
Total shareholders’ equity attributable to parent company
17,011,268,021.00
19,434,088,508.00
18,022,804,672.00
19,447,154,880.00 Minority interest
9,374,743,757.00
3,913,347,282.00
Total owners’ equity
26,386,011,778.00
19,434,088,508.00
21,936,151,954.00
19,447,154,880.00 Total liabilities and owners’ equity
42,064,776,912.00
21,088,769,771.00
30,613,980,480.00
20,271,290,108.00
4.2 Income statement for the report period
Prepared by BOE Technology Group Co., Ltd. Jul.-Sep. 2010 Unit: RMB Yuan Items Amount of this period Amount of last period Consolidation Parent company Consolidation Parent company I. Operating revenue
2,015,634,016.00
52,638,038.00
2,046,398,635.00
53,637,442.00 Including: Sales
2,015,634,016.00
52,638,038.00
2,046,398,635.00
53,637,442.00 Interest income
Premium income
Handling charges and commissions
II. Total operating cost
2,563,916,109.00
51,281,737.00
2,098,033,383.00
9,021,591.00 Including: Cost of sales
2,125,493,876.00
18,876,643.00
1,886,653,527.00
19,156,230.00 Interest expense
Handling charges and commissions expenses
Cash surrender value
Net amount of claims
Net amount of insurance contract reserve withdrawn京东方科技集团股份有限公司 2010 年第三季度季度报告全文
9
Expense due with insurance contact
Reinsurance premium
Taxes and surcharges
4,415,026.00
1,855,703.00
4,611,847.00
2,495,919.00 Sales expenses
54,614,550.00
706,082.00
32,357,653.00
82,279.00 Administrative expenses
387,236,499.00
45,494,375.00
158,606,176.00
25,833,296.00 Financial expenses
-16,584,832.00
-15,964,567.00
30,551,147.00
-38,584,909.00 Asset impairment loss
8,740,990.00
313,501.00
-14,746,967.00
38,776.00 Add: Gain/(loss) from change in fair value (“-” means loss)
Gain/(loss) from investment (“-” means loss)
-1,340,590.00
-1,300,144.00
-13,282,452.00
-13,184,963.00 Including: income form investment on affiliated enterprises and jointly-run enterprises
-1,340,590.00
-1,300,144.00
-13,282,452.00
-13,184,963.00 Gains and losses on exchange (“-” means loss)
III. Business profit(“-”means loss)
-549,622,683.00
56,157.00
-64,917,200.00
31,430,888.00 Add: Non-operation income
24,542,511.00
15,799,860.00
46,054,011.00
199,391,967.00 Less: Non-operation expense
3,613,030.00
497,530.00
3,453,182.00 Including: Losses in disposal of non-current assets
3,456,162.00
358,932.00
IV. Total profit (“-” means loss)
-528,693,202.00
15,856,017.00
-19,360,719.00
227,369,673.00 Less: Income tax expense
1,306,598.00
2,685,266.00
V. Net profit (“-” means loss)
-529,999,800.00
15,856,017.00
-22,045,985.00
227,369,673.00 Attributable to parent company
-448,137,532.00
15,856,017.00
-7,572,138.00
227,369,673.00 Minority interest
-81,862,268.00
-14,473,847.00
VI. Earnings per share: (I) Basic earnings per share -0.05 0.002 0.00 0.04 (II) Diluted earnings per share
-0.05
0.002
0.00
0.04 Ⅶ. Other comprehensive income
13,060,326.00
12,713,874.00
28,992,232.00
28,949,942.00 Ⅷ. Total comprehensive incomes
-516,939,474.00
28,569,891.00
6,946,247.00
256,319,615.00 Attributable to owners of parent company
-435,077,206.00
28,569,891.00
21,420,094.00
256,319,615.00 Minority interest
-81,862,268.00
-14,473,847.00
4.3 Profit statement for the period from the year-begin to the end of the report period
Prepared by BOE Technology Group Co., Ltd. Jan.-Sep. 2010 Unit: RMB Yuan Items Amount of this period Amount of last period Consolidation Parent company Consolidation Parent company I. Operating revenue
6,202,063,899.00
155,348,854.00
4,344,512,321.00
148,140,301.00 Including: Sales
6,202,063,899.00
155,348,854.00
4,344,512,321.00
148,140,301.00 Interest income京东方科技集团股份有限公司 2010 年第三季度季度报告全文
10
Premium income
Handling charges and commissions
II. Total operating cost
7,383,372,275.00
154,742,199.00
5,196,969,341.00
71,185,358.00 Including: Cost of sales
6,250,732,367.00
55,960,526.00
4,483,096,549.00
53,352,999.00 Interest expense
Handling charges and commissions expenses
Cash surrender value
Net amount of claims
Net amount of insurance contract reserve withdrawn
Expense due with insurance contact
Reinsurance premium
Taxes and surcharges
13,582,943.00
5,948,748.00
11,942,628.00
5,780,346.00 Sales expenses
151,517,241.00
1,068,182.00
80,638,895.00
397,162.00 Administrative expenses
917,230,556.00
129,415,394.00
678,440,756.00
71,760,851.00 Financial expenses
15,039,747.00
-38,313,394.00
93,834,957.00
-59,852,306.00 Asset impairment loss
35,269,421.00
662,743.00
-150,984,444.00
-253,694.00 Add: Gain/(loss) from change in fair value (“-” means loss)
Gain/(loss) from investment (“-” means loss)
4,169,923.00
-3,306,213.00
-137,049,817.00
-133,800,176.00 Including: income form investment on affiliated enterprises and jointly-run enterprises
2,011,566.00
-4,699,016.00
-136,952,328.00
-133,800,176.00 Gains and losses on exchange (“-” means loss)
III. Business profit(“-”means loss)
-1,177,138,453.00
-2,699,558.00
-989,506,837.00
-56,845,233.00 Add: Non-operation income
55,247,602.00
23,305,898.00
60,117,051.00
199,490,809.00 Less: Non-operation expense
9,496,871.00
3,062,914.00
2,294,796.00
3,982,636.00 Including: Losses in disposal of non-current assets
8,023,304.00
2,062,914.00
384,127.00
IV. Total profit (“-” means loss)
-1,131,387,722.00
17,543,426.00
-931,684,582.00
138,662,940.00 Less: Income tax expense
16,291,254.00
14,159,922.00
9,489,343.00
V. Net profit (“-” means loss)
-1,147,678,976.00
3,383,504.00
-941,173,925.00
138,662,940.00 Attributable to parent company
-988,843,759.00
3,383,504.00
-757,001,707.00
138,662,940.00 Minority interest
-158,835,217.00
-184,172,218.00
VI. Earnings per share: (I) Basic earnings per share -0.12 0.00 -0.14 0.03 (II) Diluted earnings per share
-0.12
0.00
-0.14
0.03 Ⅶ. Other comprehensive income
-22,692,892.00
-16,449,876.00
65,276,343.00
49,328,546.00 Ⅷ. Total comprehensive incomes
-1,170,371,868.00
-13,066,372.00
-875,897,582.00
187,991,486.00 Attributable to owners of parent company
-1,011,536,651.00
-13,066,372.00
-691,725,364.00
187,991,486.00京东方科技集团股份有限公司 2010 年第三季度季度报告全文
11
Minority interest
-158,835,217.00
-184,172,218.00
4.4 Cash flow statement for the period from the year-begin to the end of the report period
Prepared by BOE Technology Group Co., Ltd. Jan.-Sep. 2010 Unit: RMB Yuan Items Amount of this period Amount of last period Consolidation Parent company Consolidation Parent company I. Cash flow arising from operating activities Cash received from sales of commodities and rendering of service
5,993,924,770.00
69,007,889.00
3,637,669,417.00
66,986,140.00 Net increase of deposit from customers and due from banks
Net increase of borrowings from central bank
Net increase of loans from other financial institutions
Cash received from the premium of original insurance contracts
Net cash received from reinsurance business
Net increase in deposit of the insured and increases in net investment
Net increase of disposal of transaction financial assets
Cash received from interest, handling charges and commissions
Net increase of borrowed inter-bank funds
Net increase of buy-back funds
Refunds on tax
24,789,262.00
19,228,316.00
Other cash received from operating activities
642,508,946.00
879,080,304.00
460,117,202.00
355,855,195.00 Subtotal of cash inflows from operating activities
6,661,222,978.00
948,088,193.00
4,117,014,935.00
422,841,335.00 Cash paid for purchase of commodities and acceptation of service
5,515,658,167.00
35,086,032.00
3,302,636,408.00
37,543,525.00 Net increase from customer lending and advance
Net increase of funds deposited in the central bank and amount due from banks
Cash paid for claims of original insurance contract
Cash paid for interest, handling charges and commissions京东方科技集团股份有限公司 2010 年第三季度季度报告全文
12
Cash paid for policy dividend
Cash paid for and to employees
583,366,091.00
51,169,473.00
435,717,470.00
34,823,765.00 All types of taxes
147,901,071.00
72,579,537.00
77,382,140.00
16,347,027.00 Other cash paid for operating activities
669,723,275.00
300,564,529.00
377,744,772.00
88,832,037.00 Subtotal of cash outflows in operating activities
6,916,648,604.00
459,399,571.00
4,193,480,790.00
177,546,354.00 Net cash flow arising from operating activities
-255,425,626.00
488,688,622.00
-76,465,855.00
245,294,981.00 II. Cash Flows from investment activities: Cash received from return of investments
37,066,443.00
Cash received from investment income
2,838,604.00
2,838,801.00
1,030,515.00
1,030,515.00 Net cash received from disposal of fixed assets, intangible assets and other long-term assets
12,006,264.00
26,404,184.00
26,111,488.00 Cash inflows from merger of subsidiaries
Other cash received from investing activities
309,295,740.00
52,352,975.00
172,754,235.00
43,191,134.00 Sub-total cash inflows from investing activities
324,140,608.00
92,258,219.00
200,188,934.00
70,333,137.00 Cash paid to acquire fixed assets, intangible assets and other long-term assets
10,006,820,707.00
195,170,323.00
2,588,184,295.00
137,357,246.00 Cash paid for investment
28,195,991.00
367,695,991.00
272,000,000.00
9,239,500,000.00 Net increase of pledged loans
Net cash paid for acquire subsidiaries and other operating units
253,900,000.00
Other cash paid for investment activities
4,728,361,663.00
356,219,660.00
277,395,572.00 Sub-total cash outflows in investment activities
15,017,278,361.00
919,085,974.00
2,860,184,295.00
9,654,252,818.00 Net cash flows from investment activities
-14,693,137,753.00
-826,827,755.00
-2,659,995,361.00
-9,583,919,681.00 III. Cash flow arising from financing activities: Cash received from absorbing investment
5,500,000,000.00
11,857,252,000.00
11,828,252,000.00 Including: Cash received by subsidiaries from minority interests
Cash received from borrowings
8,641,057,787.00
48,536,987.00
3,238,152,639.00
1,664,400,000.00 Cash received from issuance of bonds
Other cash received from financing activities
121,180,306.00
118,782.00
Sub-total cash inflows in financing activities
14,262,238,093.00
48,536,987.00
15,095,523,421.00
13,492,652,000.00京东方科技集团股份有限公司 2010 年第三季度季度报告全文
13
Cash paid for liabilities
3,180,806,064.00
978,970.00
2,731,731,036.00
1,661,900,000.00 Cash paid interest expenses and distribution of dividends or profit
166,458,114.00
2,016,748.00
175,104,815.00
15,853,906.00 Including: Dividends, profit paid to minority shareholders by subsidiaries
Other cash paid for relating financing activities
13,749,942.00
40,842.00
56,734,571.00
39,351,664.00 Sub-total cash outflows in financing activities
3,361,014,120.00
3,036,560.00
2,963,570,422.00
1,717,105,570.00 Net cash flow arising from financing activities
10,901,223,973.00
45,500,427.00
12,131,952,999.00
11,775,546,430.00 IV. Impact of foreign exchange rate changes on cash and cash equivalents
-13,514,370.00
-240,902.00
-8,980,570.00
132,422.00 V. Increase in cash and cash equivalents
-4,060,853,776.00
-292,879,608.00
9,386,511,213.00
2,437,054,152.00 Add: Cash and cash equivalents at year-begin
15,230,490,504.00
2,789,984,272.00
3,528,597,814.00
572,867,082.00 VI. Cash and cash equivalents at the period-end
11,169,636,728.00
2,497,104,664.00
12,915,109,027.00
3,009,921,234.00
4.5 Audit Report
Audit opinion: un-audited
Legal Representative: Wang Dongsheng
The Board of Directors of BOE Technology Group Co., Ltd.
27 Oct. 2010
