深圳市深宝实业股份有限公司 2012 年半年度报告摘要
Stock Code: 000019, 200019 Notice No: 2012-41
Short Form of the Stock: SHENSHENBAO-A, SHENSHENBAO-B
SHENZHEN SHENBAO INDUSTRIAL CO.,LTD
SEMI-ANNUAL REPORT 2012
I. Important Note
Board of Directors, Supervisory Committee of Shenzhen Shenbao Industrial Co., Ltd. (hereinafter
referred to as the Company) and its directors, supervisors and senior executives hereby confirm that
there are no any important omissions, fictitious statements or serious misleading information carried
in this report, and shall take all responsibilities, individual and/or joint, for the reality, accuracy and
completion of the whole contents.
All directors are attending the Meeting for deliberation and approval for the semi-annual report.
Financial report of this semi-annual repot has not been audited by CPA.
Mr. Zheng Yuxi, person in charge of the Company, Ms. Zeng Suyan, person in charge of accounting
works and Ms. Wang Zhiping, person in charge of accounting institution (accounting officer)
hereby confirm the truthfulness and completeness of the Financial Report in the Semi-annual
Report 2012.
II. Company Profile
(I) Company information
Short form for stock A-share SHENSHENBAO-A
Code for stock A-share 000019
Listing stock exchange Shenzhen Stock Exchange
Secretary of the Board Representative of security affairs
Name Li Yiyan Zheng Guibo
23/F, Education Technology 23/F, Education Technology
Mansion, No.26 Zizhu Qi Dao, Mansion, No.26 Zizhu Qi Dao,
Contact adds.
Zhuzilin Fourth Road, Futian Zhuzilin Fourth Road, Futian
District, Shenzhen District, Shenzhen
Tel. 0755-82027522 0755-82027522
Fax. 0755-82027522 0755-82027522
E-mail shenbao@sbsy.com.cn shenbao@sbsy.com.cn
(II) Major financial data and indexes
1. Major accounting data and financial indexes
Whether retroactive adjusted on previous financial report or not
□Yes √ No
Increase/decrease in this
End of this report period End of last period period-end over that of
last year (%)
1
深圳市深宝实业股份有限公司 2012 年半年度报告摘要
Total assets(RMB) 1,160,917,182.41 1,061,964,234.64 9.32%
Owners’ equity attributable to
shareholders of the listed 978,533,639.86 889,876,512.59 9.96%
company(RMB)
Share capital(Share) 250,900,154.00 250,900,154.00 0%
Net assets per share attributable to
shareholder of listed company 3.90 3.55 9.86%
(RMB/ Share)
Asset-liability ratio (%) 15.71% 16.2% -0.49%
Increase/decrease in this
Reporting period (Jan.
Same period of last year report period
to June)
year-on-year (%)
Total business revenue(RMB) 114,026,690.16 139,922,991.06 -18.51%
Business profit(RMB) 89,376,111.45 -8,639,594.03 1,134.49%
Total profit(RMB) 89,910,633.28 8,733,411.67 929.5%
Net profit attributable to
shareholders of the listed company 88,867,376.42 4,396,354.98 1,921.39%
(RMB)
Net profit attributable to
shareholders of the listed company
-18,638,342.71 -12,866,651.90 -44.86%
after deducting non-recurring gains
and losses(RMB)
Basic earnings per share
0.3542 0.0242 1,363.64%
(RMB/Share)
Diluted earnings per share
0.3542 0.0242 1,363.64%
(RMB/Share)
Weighted average ROE (%) 9.51% 1.34% 8.17%
Weighted average ROE after
deducting non-recurring gains/losses -1.99% -3.93% 1.94%
(%)
Net cash flow arising from operating
3,259,065.52 -8,272,410.63 139.4%
activities(RMB)
Net cash flow per share arising from
0.013 -0.033 139.36%
operating activities (RMB/Share)
Explanation on former accounting data and financial index at period-end (stating adjustment
explanation if there has retroactive adjustment)
In the reporting period, the operating profit, total profit and net profit attributable to shareholders
of listed company have increased by 1,134.49%, 929.50%, 1,921.39% respectively as compared to
the same period of last year, mainly due to the significant increase of investment income since the
Company received the account for transferring the 15% equity interests of Shenzhen Pepsi during
this period. Net profit attributable to shareholders of listed company after deducting extraordinary
gains and losses has decreased by -44.86% as compared to the same period of last year, mainly
resulted from the decreased profit contribution from business due to the decrease of main business
income and increase of related costs when implementing fund-raising projects; net cash flow from
operating activities increased by 139.4% as compared to the same period of last year, mainly due to
the timely recovery of account receivables, purchase of raw materials and decrease of other related
costs. Since the operating profit significantly increased during the reporting period, the financial
indicators such as earnings per share, return on equity and net cash flow per share from operating
activities rise significantly as well.
2. Items of non-recurring gains/losses
√Applicable □Not applicable
2
深圳市深宝实业股份有限公司 2012 年半年度报告摘要
Amount from
Items of non-recurring gains/losses year-begin to Note
period-end (RMB)
Gains and losses from disposal of non-current
103,317,580.23
assets
Tax refund or exemption out of authorization, with
absence of official approval document or
accidentally
Governmental subsidy calculated into current gains
and losses(while closely related with the normal
business of the Company, excluding the 663,580.00
fixed-amount or fixed-proportion governmental
subsidy according to the unified national standard)
Fund occupation expenses received from
non-financial enterprises that reckon into current 0.00
gains/losses
Income occurred when investment cost paid by
enterprise for obtaining subsidiaries, associates and
0.00
joint ventures are lower than its share in fair
value of net realizable assets of invested units
Gains and losses from exchange of non-monetary
0.00
assets
Gains and losses from entrusted investment or
0.00
management assets
Various asset impairment reserve provided for force
0.00
majeure, such as natural disaster;
Gains/losses from debt reorganization 0.00
Reorganization expenses, such as expenditure for
0.00
allocation of employees and integration fee
Gains and losses from excess of transaction which
are conducted on a non-fair-valued basis over its 0.00
fair value
Current net gains and losses of subsidiaries
occurred from combination under the same control
0.00
commencing from period-begin to combination
date
Gains and losses from contingent events which has
0.00
no relation with normal business of the Company
Gains and losses from change of fair values of
held-for-transaction financial assets and financial
liabilities except for the effective hedge business
related to normal business of the Company, and 3,580,028.74
investment income from disposal of transactional
financial assets and liabilities and financial assets
available for sale
Reversal of impairment reserve for account
10,237.50
receivable with separate impairment testing
gains/ losses from external entrustment loans 0.00
Gains and losses arising from change of fair value
of investment properties whose follow-up 0.00
measurement are at fair value
Affect upon current gains/losses arising from the
one-off adjustment in subject to requirement of
0.00
laws and rules in relation to taxation and
accounting
3
深圳市深宝实业股份有限公司 2012 年半年度报告摘要
Income from entrusted custody operation 0.00
Other non-operating income and expenditure
99,930.00
except the abovementioned
Other item that satisfied the definition of
0.00
non-recurring gains and losses
Influenced amount of minority shareholders’ equity 0.00
Impact on income tax 165,637.34
Total 107,505,719.13 --
3. Difference of net profit and net assets disclosed in financial report based on IAS and CAS
√Applicable □Non-applicable
Unit: RMB
Net profit attributable to Owners’ equity attributable to
shareholders of listed company shareholders of listed company
Amount in the report Amount at
Amount in last period Amount at period-end
period period-begin
By Chinese Accounting
88,867,376.42 4,396,354.98 978,533,639.86 889,876,512.59
Standards
Item and amount adjusted by IAS
1. Adjustment on amortization
of differences of equity 0 0 1,016,958.04 1,016,958.04
investment
2. Adjustment on cost of
transferring Shenzhen Pepsi’s 381,359.27 0 -762,718.54 -381,359.27
equity
3. Other adjustment on
regulated funds payable in 0 0 1,067,000.00 1,067,000.00
share market
By International Accounting
89,248,735.69 4,396,354.98 979,854,879.37 891,579,111.36
Standards
4. Difference of net profit and net assets disclosed in financial report based on foreign
accounting standards and CAS
□ Applicable √ not applicable
III. Changes in Share Capital and Particular about Shareholders
(I) Changes in share capital
□ Applicable √ not applicable
(II) Statement of shares held by top ten shareholders and the top ten shareholders with
unrestricted conditions/circulate shareholders
Statement of shares held by top 10 shareholders and top 10 shareholders with unrestricted shares
held
Total shareholders 21,938.00
Particulars about the shares held by the top ten shareholders
Proportion Amount of Shares pledged or frozen
Nature of Total amount of
Shareholders (full name) of shares the restricted
shareholders shares held
held (%) shares held Share status Amount
Domestic
Shenzhen Agricultural Products
non-state-owned 19.09% 47,895,097.00 7,770,118.00
Co., Ltd.
legal person
Shenzhen Investment Holdings State-owned legal
16% 40,143,586.00 6,783,729.00
Co., Ltd. person
Shenzhen Tianzhong Domestic 9.96% 24,983,908.00 24,983,908.00 Pledge 24,983,908.00
Investment Co., Ltd. non-state-owned
4
深圳市深宝实业股份有限公司 2012 年半年度报告摘要
legal person
Domestic nature
Li Duruo 5.28% 13,252,874.00 13,252,874.00
person
Domestic
Yingfu(Tianjin) Equity
non-state-owned 4.65% 11,662,068.00 11,662,068.00 Pledge 11,662,068.00
Investment Management L.P
legal person
Domestic
Xinjiang Xiehe Equity
non-state-owned 4.62% 11,595,402.00 11,595,402.00 Pledge 11,595,402.00
Investment Management L.P
legal person
Domestic nature
Lin Yixiang 1.02% 2,561,002.00 2,561,002.00
person
Domestic nature
Xia Zhenzhong 0.85% 2,134,917.00 2,134,917.00 Pledge 2,134,917.00
person
Domestic nature
Cao Lijun 0.8% 2,012,758.00 2,012,758.00 Pledge 2,012,758.00
person
Domestic
Zhong Rong International Trust
non-state-owned 0.47% 1,180,000.00 0.00
Co., Ltd.-Rong Yu #12
legal person
Particulars about the shares held by the top ten unrestricted shareholders
Amount of unrestricted Type/amount of shares
Shareholders shares held at
period-end Type Amount
Shenzhen Agricultural Products Co., Ltd. 40,124,979.00 A-share 40,124,979.00
Shenzhen Investment Holdings Co., Ltd. 33,359,857.00 A-share 33,359,857.00
Zhong Rong International Trust Co., Ltd.-Rong Yu
#12
1,180,000.00 A-share 1,180,000.00
Yu Jianjun 953,299.00 A-share 953,299.00
Wang Shulun 713,998.00 A-share 713,998.00
Liu Yi 584,730.00 A-share 584,730.00
Zhang Huizhen 476,300.00 A-share 476,300.00
Huang Xiangdong 474,689.00 B-share 474,689.00
Client’s credit exchange guarantee account of
China Securities Co., Ltd.
462,973.00 A-share 462,973.00
Long Weiguo 461,200.00 A-share 461,200.00
Shenzhen SASAC directly holds 21.52% equity interests of Agricultural
Products, indirectly holds 5.22% equity interests of Agricultural
Explanation on associated relationship Products and directly holds 100％equity interests of Shenzhen
among the top ten shareholders or Investment Holding. Except for this, the Company was not aware of any
(and) consistent action related relationship between other shareholders above, and whether they
belonged to parties acting in concert as defined by the Acquisition
Management Method of Listed Company.
(III) Changes of controlling shareholders and actual controller
□Applicable √Not applicable
IV. Directors, Supervisors and Senior Executives
(I) Changes of shares held by directors, supervisors and senior executive
Amount Amount of Amount of
Shares held Shares held Including:
of shares shares stock
at at restricted Reasons for
Name Title increase in decreased option held
period-begi period-end shares held changes
this in this at
n(Share) (Share) (Share)
period(Shar period period-end
5
深圳市深宝实业股份有限公司 2012 年半年度报告摘要
e) (Share) (Share)
Zheng Yuxi Chairman 0.00 0.00 0.00 0.00 0.00 0.00 -
Chen
Director 0.00 0.00 0.00 0.00 0.00 0.00 -
Shaoqun
He Dong Director 0.00 0.00 0.00 0.00 0.00 0.00 -
Independent
Du Wenjun 0.00 0.00 0.00 0.00 0.00 0.00 -
director
Independent
Deng Meixi 0.00 0.00 0.00 0.00 0.00 0.00 -
director
Xu
Independent
ZHuangchen 0.00 0.00 0.00 0.00 0.00 0.00 -
director
g
Yan Zesong GM, Director 0.00 0.00 0.00 0.00 0.00 0.00 -
Lin Yanfeng Director 0.00 0.00 0.00 0.00 0.00 0.00 -
Dou Qiang Director 0.00 0.00 0.00 0.00 0.00 0.00 -
Lin Hong Supervisor 0.00 0.00 0.00 0.00 0.00 0.00 -
Luo Longxin Supervisor 0.00 0.00 0.00 0.00 0.00 0.00 -
Huang Qin Supervisor 0.00 0.00 0.00 0.00 0.00 0.00 -
Li Fang Deputy GM 0.00 0.00 0.00 0.00 0.00 0.00 -
Deputy GM,
Li Yiyan Secretary of 0.00 0.00 0.00 0.00 0.00 0.00 -
the Board
Qian Xiaojun Deputy GM 0.00 0.00 0.00 0.00 0.00 0.00 -
Zeng Suyan CFO 0.00 0.00 0.00 0.00 0.00 0.00 -
V. Report of the Board of Directors
(I) Statement of main business classified according to industries and products
Unit: RMB
Main business classified according to industries
Increase or Increase or Increase or
decrease of decrease of decrease of gross
According to Operating Gross profit ratio operating revenue operating cost profit ratio over
Operating cost
industries revenue (%) over the last same over the last same the last same
period of last year period of last year period of last year
(%) (%) (%)
Industry 113,546,678.74 92,139,709.60 18.85% -18.68% -17.73% -0.93%
Leasing service 293,400.00 100% 0% 0% 0%
Main business classified according to products
Increase or Increase or Increase or
decrease of decrease of decrease of gross
According to Operating Gross profit ratio operating revenue operating cost profit ratio over
Operating cost
products revenue (%) over the last same over the last same the last same
period of last year period of last year period of last year
(%) (%) (%)
Soft drinks 16,255,773.29 14,462,465.08 11.03% 37.67% 41.44% -2.37%
Condiment 6,406,160.77 4,034,718.70 37.02% 1.6% -2.48% 2.63%
Tea products 90,884,744.68 73,642,525.82 18.97% -25.21% -24.57% -0.68%
Property leasing 293,400.00 100% 0% 0% 0%
-
(II) Main business classified according to areas
Unit: RMB
Areas Operating revenue Increase/decrease in revenue from
6
深圳市深宝实业股份有限公司 2012 年半年度报告摘要
operations over the same period of
last year (%)
Export 2,003,197.52 362.65%
South China 37,464,399.74 1.15%
East China 34,599,721.54 -33.72%
North China 11,108,038.79 -29.1%
Other area 28,664,721.15 -17.11%
(III) Explanation on reasons of material changes in main operations and its structure
□Applicable √Not applicable
(IV) Explanation on reasons of material changes in profitability (gross profit ratio) of main
operations compared with that of last year
□Applicable √Not applicable
(V) Analysis on reasons of material changes in profit structure compared with the previous
year
√Applicable □Not applicable
During the reporting period, the Company received payment for transferring the 15% equity interest in
Shenzhen Pepsi, which contributed investment income of RMB103, 546,500, leading to a significant
increase in total profit as compared to the same period of previous year. Besides, the Company recognized
non-operating income of RMB17, 088,500 in the same period of last year due to that Shengrun Company
implemented its debt reorganization plan that period. Deducting the effects on total profit by the two
non-deductible factors, the total profit recorded in the Company’s consolidated statement decreased by
63.20% as compared to the same period of last year.
(VI) Application of the raised proceeds
1. Statement of application of the raised proceeds
√Applicable □Not applicable
Unit: RMB00’000
Total fund-raised 57,239.21 Total
fund-rais
ed
Total fund-raised for changes its using 4,002.25
16,729.17 invested
purpose in report period in report
period
Total
Total accumulative fund-raised for changes
16,729.17 accumula
its using purpose tive
10,624.44
fund-rais
Proportion of total fund-raised that with ed
29.23%
using purpose changed invested
Amount Investme
Projects Total
of
changed committe Total nt Project
Committed investment Amount accumula program Predicted Realized Reach the
or not d investme feasibility
projects and investment invested ted useable interests predicted
(includin investme nt after till the changed
purpose for fund raised in report investme period-en date of of this interest or
g nt of adjustme significantl
out of expectation period nt till the d (%)(3) project year not
changed fund-rais nt (1) y or not
period-en
partially) ed ＝(2)/(1)
d (2)
Committed investment
projects
Acquisition of 48.33%
31 July
equity interests in No 6,510.05 6,510.05 0 6,510.05 100% 70.4 Yes No
Shenbao Huacheng 2011
Comprehensive 31
Investment Project of No 27,000 27,000 2,004.03 2,043.07 7.57% March 0 No No
Tea Industry Chain 2013
7
深圳市深宝实业股份有限公司 2012 年半年度报告摘要
Comprehensive Project
31 July
with Annual Capacity Yes 15,500 15,500 0 0 0 0 No Yes
of 300 Tons Catechin 2012
31 July
Chain Project for
Classical Tea Leaves
Yes 3,000 3,000 0 0 0 0 No No
2012
Project of R&D Center 30 April
for Tea and Natural Yes 4,000 4,000 0 0 0 0 No No
Plants 2012
Expansion Project of 31 July No
Condiment Production Yes 6,900 1,229.17 0 0 0 0 Yes
Line 2012
Subtotal of committed
- 65,910.05 57,239.22 2,004.03 8,553.12 - - 70.4 - -
investment projects
Investment purpose for
fund raised out of
expectation
No 0 0 0 0 0% 0
Loans payment to
- 0 0 0 0 0% - - - -
Bank(if applicable)
Current capital
supplementation(if - 0 0 0 0 0% - - - -
applicable)
Subtotal of Capital
investment with fund - 0 0 0 0- - 0- -
raising out of the plan
Total - - - - -
Reasons for falling
behind the target
progress or target Non-applicable
income(By specific
items)
1. Comprehensive Project with Annual Capacity of 300 Tons Catechin: by virtue of technical innovation,
the Company made comprehensive enhancements in the original production crafts for instant tea powder,
pursuant to which, the production line for instant tea powder was equipped with the function of producing
catechin and natural plant products. Therefore, the Company was able to develop and produce catechin and
natural plant products for sales, satisfying demands from its existing and new customers. As compared to
the original plan on implementing the Comprehensive Project with Annual Capacity of 300 Tons Catechin,
the Company can be better served with such innovated technologies to make comprehensive use of the
production line of instant tea powder, with fewer equipments allocation, more efficient benefits, reduction
of fixed assets allocation and amortization, so as to improve the integrated profitability of the Company. In
order to effectively prevent from investment risks and protect the interests of the Company and its
shareholders, the Company, with careful and prudent consideration, decided to cancel the Comprehensive
Statement for major Project with Annual Capacity of 300 Tons Catechin and thereby to change the proceeds application
change of project purposes.
feasibility
2. Expansion Project of Condiment Production Line: despite that the prospectus of condiment market was
positive, the furious market competition can’t be ignored. In case that the Company wanted to make
significant breakthrough in the furious market competition based on the prevailing operation condition of
condiment, the Company was required to allocate material human, assets and property resources. In 2011,
the Company experienced significant drop in income from its condiment operation, recording relatively
material losses. Considering that it had no advantage in condiment operation, the Company would face
relatively significant market risks and uncertainty if the original resources allocation couldn’t meet the
expected target. By virtue of the non-public offering, the Company determined its development direction
for tea industry, namely Natural, Green and Healthy, in 2011. According to the development strategy, the
Company would focus on expanding tea industry. Therefore, the Company cancelled the Expansion Project
of Condiment Production Line, and applied the proceeds for such project to investment in the Project of
8
深圳市深宝实业股份有限公司 2012 年半年度报告摘要
R&D Center for Tea and Natural Plants.
At the 2011 Annual General Meeting held on 27 April 2012, the Company considered and approved the
Proposal on Change of Part Proceeds Application Purposes, approving the changes and adjustments
involved in the above projects.
Amount, using purpose □ Applicable √ Non-applicable
and progress of using
for fund-raised out of
the plan
√ Applicable □ Non-applicable
Change of √ Occurred during the reporting period □ Occurred in previous years
implementation place The Company changed the implementation place of Project of R&D Center for Tea and Natural Plants
of investment project from Wuyuan county Jiangxi province to Shenzhen Guangdong province. Those changes were considered
of fund-raised and approved in the 2011 Annual General Meeting of the Company held on 27 April 2012.
Regulation of □ Applicable √ Non-applicable
implementation ways
□ Occurred during the reporting period □ Occurred in previous years
of investment project
of fund-raised
Preliminary investment □ Applicable √ Non-applicable
and replacement of
investment project of
fund-raised
√ Applicable □ Non-applicable
Temporarily
supplement for the On 21 March 2012, the Company held the 1st extraordinary general meeting for 2012, to consider and
current capitals with approve the resolution of Further Application of Part Idle Proceeds to Temporarily Supplement Current
idle fund-raised Capital, pursuant to which, part idle proceeds of RMB150,000,000 was used to temporarily supplement
current capital of the Company, with term not exceeding 6 months.
Amount and reason for □ Applicable √ Non-applicable
surplus of fund-raised
when implementing
projects
Usage of the retained
raised fund and what is
Saved in the special account for proceeds and supplement current capital.
expected to invested
with those fund
Problems exits in usage The related information concerning proceeds disclosed by the Company is in-time, true, accurate and
and disclosure of the complete; no illegal issue has been found in place, use, management and disclosure of proceeds. The
raised fund and other Company has never made financing for over 2 times, not even the application of proceeds in those years.
information
2. Statement of changes on projects invested by raised funds
√Applicable □Not applicable
Unit: RMB00’000
Planned Actual Date for Whether
Investment
Correspon total Actual accumulat project to Benefits or not
progress as Reach the
Project ding proceeds input in e input reach the realized in significant
at projected
after original for current amount as condition the current changes
period-end benefits or
change committed projects reporting at for reporting occur in
(%)(3)=(2) not
project after period period-end intended period availability
/(1)
change(1) (2) use of projects
Investment Comprehe
developme nsive
nt project Project
for with Non-applica
Annual 15,500 1,939.12 1,961.21 12.65% 2012-12-31 0
ble
No
high-end
brand Capacity
classical of 300
tea Tons
Catechin
9
深圳市深宝实业股份有限公司 2012 年半年度报告摘要
/Chain
Project of
Classical
Tea
Leaves
Comprehe
nsive
Jointly Project
incorporati with Non-applica
on of Annual 3,000 0 0 0 2012-12-31 0
ble
No
Zhejiang Capacity
Shenbao of 300
Huafa Tea Tons
Leaves Catechin
Co., Ltd.
Project of
R&D
Center for
Project of
Tea and
R&D
Natural
Center for Non-applica
Plants / 5,400 59.09 110.11 2.04% 2012-12-31 0
ble
No
Tea and
Expansion
Natural
Project of
Plants
Condiment
Production
Line
Total -- 23,900 1,998.21 2,071.32 -- -- 0 -- --
(1) Comprehensive Project with Annual Capacity of 300 Tons Catechin: by virtue of
technical innovation, the Company made comprehensive enhancements in the original
production crafts for instant tea powder, pursuant to which, the production line for instant
tea powder was equipped with the function of producing catechin and natural plant
products. Therefore, the Company was able to develop and produce catechin and natural
plant products for sales, satisfying demands from its existing and new customers. As
compared to the original plan on implementing the Comprehensive Project with Annual
Capacity of 300 Tons Catechin, the Company can be better served with such innovated
technologies to make comprehensive use of the production line of instant tea powder, with
fewer equipments allocation, more efficient benefits, reduction of fixed assets allocation
and amortization, so as to improve the integrated profitability of the Company. In order to
effectively prevent from investment risks and protect the interests of the Company and its
shareholders, the Company, with careful and prudent consideration, decided to cancel the
Comprehensive Project with Annual Capacity of 300 Tons Catechin. The proceeds for such
project was invested in investment development project for high-end brand classical tea and
Explanation for reason for changes,
jointly incorporation of Zhejiang Shenbao Huafa Tea Leaves Co., Ltd.
decision-making and information
disclosure (based on specific project) (2). Cancel the Expansion Project of Condiment Production Line: despite that the
prospectus of condiment market was positive, the furious market competition can’t be
ignored. In case that the Company wanted to make significant breakthrough in the furious
market competition based on the prevailing operation condition of condiment, the Company
was required to allocate material human, assets and property resources. In 2011, the
Company experienced significant drop in income from its condiment operation, recording
relatively material losses. Considering that it had no advantage in condiment operation, the
Company would face relatively significant market risks and uncertainty if the original
resources allocation couldn’t meet the expected target. The Company determined its
development direction for tea industry, namely Natural, Green and Healthy. According to
the development strategy, the Company would focus on expanding tea industry. Therefore,
the Company cancelled the Expansion Project of Condiment Production Line, and applied
the proceeds for such project to investment in the Project of R&D Center for Tea and
Natural Plants.
(3) Change the project implementation site and subject of tea and natural plants R&D
center: Though Wuyuan County, the original project implementation site, has advantages in
tea industry resources and costs, it doesn’t have advantages in talents, exchange of
10
深圳市深宝实业股份有限公司 2012 年半年度报告摘要
information, resource sharing and integrating and service market customers, so the project
implementation site is changed to Shenzhen, and the implementation subject is changed
from Wuyuan Jufangyong to wholly-owned subsidiary, Shenzhen Shenbao Technology
Center Co., Ltd., and considering that the project fixed assets input costs and labor costs in
new implementation site is high, the Company shall increase the project gross investment to
54 million Yuan.
Such changes in proceeds projects have been considered and approved at the 20th meeting
of the 7th board held on 5 April 2012 and 2011 Annual General Meeting held on 27 April
2012. For details, please refer to the announcements of the Company published in the
Securities Times, China Securities News, Hong Kong Commerce and the website
www.cninfo.com.cn dated 6 April 2012 and 28 April 2012.
Not meet the scheduled progress or
projected benefits, and reasons for that
(based on specific project) Non-applicable
Explanation on significant changes in
Non-applicable
availability of projects
(VII) The modification of Board to the business plan for the second half of the year
□Applicable √Not applicable
(VIII) Prediction of business performance from January – September 2012
Estimation on 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 on reason
□Applicable √Not applicable
(IX) Explanation on “Qualified Opinion” from the Certified Public Accountants in the report
period by the Board of Directors
□Applicable √Not applicable
(X) Explanation of the Management on changes and disposal of the issues involved in
“Qualified Opinion” from the Certified Public Accountants in the last year by the Board of
Directors
□Applicable √Not applicable
VI. Significant Event
(I) Assets acquisition, sales of assets and assets reorganization
1. Assets purchased or acquired
□Applicable √Not applicable
Explanation on assets acquisition
2. Assets sold
□Applicable √Not applicable
Explanation on assets sold
3. Progress of the events and their influence on the Company’s operating results and financial
status in the report period after the Report on Assets Restructure or Public Notice on
Acquisition and Sales of Assets being published
√Applicable □Not applicable
On 22 December 2011, the transfer of 15% equity interests in Shenzhen Pepsi by the Company involving
significant assets reorganization was approved by the CSRC by issuance of the Approval for Significant
Assets Reorganization of Shenzhen Shenbao Industry Co., Ltd.(ZJXK No.2030(2011)). On 10 January 2012,
Shenzhen Pepsi completed the business registration change process for such transfer of its 15% equity
interests. On 29 June 2012, the Company received from Pepsi (China) USD22, 788,415.89 (equivalent to
RMB144, 000,000) as the consideration for equity transfer, representing payment in full. Since then, this
significant assets reorganization was completed, by which, investment income increased by
RMB103,546,600, which helped the Company to improve its asset-to-debt structure and cash flow, thus to
improve the development of major business.
11
深圳市深宝实业股份有限公司 2012 年半年度报告摘要
(II) Guarantee
√Applicable □Not applicable
Unit: RMB00’000
Particulars about the external guarantee of the Company (Barring the guarantee for the controlling subsidiaries)
Guarant
Related Actual date Complet
ee for
Name of the Announce of happening Actual e
Guarantee Guarantee Guarantee related
Company ment (Date of guarantee impleme
limit type term party
guaranteed disclosure signing limit ntation
(Yes or
date agreement) or not
no)
Total approving external Total actual occurred
guarantee in report period external guarantee in
(A1) report period (A2)
Total actual balance of
Total approved external
external guarantee at the
guarantee at the end of report
end of report period
period ( A3)
(A4)
Guarantee of the Company for the subsidiaries
Guarant
Related Actual date Complet
ee for
Name of the Announce of happening Actual e
Guarantee Guarantee Guarantee related
Company ment (Date of guarantee impleme
limit type term party
guaranteed disclosure signing limit ntation
(Yes or
date agreement) or not
no)
Shenzhen Shenbao Yes
Huacheng - 2,000 2011-01-26 941.63 Guarantee 1 year Yes
Technology Co., Ltd.
Shenzhen Shenbao Yes
Huacheng - 3,000 2011-05-26 2,800 Guarantee 1 year Yes
Technology Co., Ltd
Shenzhen Shenbao Yes
Huacheng - 3,000 2012-02-23 707.05 Guarantee 1 year no
Technology Co., Ltd.
Shenzhen Shenbao Yes
Huacheng - 1,500 2012-02-10 1,500 Guarantee 7 months Yes
Technology Co., Ltd
Total amount of actual
Total amount of approving
occurred guarantee for
guarantee for subsidiaries in 4,500 2,706.65
subsidiaries in report
report period (B1)
period (B2)
Total amount of approved Total balance of actual
guarantee for subsidiaries at guarantee for subsidiaries
3,000 0
the end of reporting period at the end of reporting
(B3) period (B4)
Total amount of guarantee of the Company( total of two abovementioned guarantee)
Total amount of approving Total amount of actual
guarantee in report period 4,500 occurred guarantee in 2,706.65
(A1+B1) report period (A2+B2)
Total amount of approved Total balance of actual
guarantee at the end of report 3,000 guarantee at the end of 0
period (A3+B3) report period (A4+B4)
The proportion of the total amount of actually 0
12
深圳市深宝实业股份有限公司 2012 年半年度报告摘要
guarantee in the net assets of the Company(that is A4+
B4)
Including:
Amount of guarantee for shareholders, actual
0
controller and its related parties(C)
The debts guarantee amount provided for the
guaranteed parties whose assets-liability ratio exceed 0
70% directly or indirectly(D)
Proportion of total amount of guarantee in net assets of
0
the Company exceed 50%(E)
Total amount of the aforesaid three
0
guarantees(C+D+E)
Explanations on possibly bearing joint and several
0
liquidating responsibilities for undue guarantees
Explanations on external guarantee against regulated
0
procedures
(III) Non-operating current related credits and liabilities
Whether have non-operating current related credits and liabilities or not
□Applicable √Not applicable
(IV) Material lawsuits and arbitrations
□Applicable √Not applicable
(V) Other significant events and analysis of their influences and solution plan
√Applicable □Not applicable
On 21 May 2012, the Company received an official letter from its major shareholder Agricultural Products.
Agricultural Products and related parties are in process of negotiating the Company’s significant matters as
those matters involve material uncertainty pending for further discussion. At the request of the Company, its
shares suspended trading with effect from 22 May 2012, and its resumption was pending for determination
on relevant matters and disclosure of the relevant progress. During the suspension period, Agricultural
Products and related parties conducted relevant works proactively and made prudent negotiation in
connection with the entry of strategic investors, adjustments to the Company’s equity structure and
promotion of future development. Given that it was hard for the related parties to reach unanimous
conclusion on effectively integrating various resources to promote the Company’s future development,
Agricultural Products and related parties, after prudent research, decided to terminate the aforesaid matters.
Agricultural Products undertook that it would not plan to prepare equity transfer relating to the Company
within at least one year. The shares of the Company resumed to trade with effect from 18 June 2012.
1. Security investment
√Applicable □Not applicable
Percentage
in total Gains and
Initial
Serial Ending Ending book investment losses during
Securities Stock Code Stock Name investment
No. quantity value (Yuan) of ending report period
cost (Yuan)
(Share) securities (Yuan)
(%)
*ST
1 stock 000030 17,334,869.55 1,011,320.00 8,859,163.20 97.96% 3,581,528.74
SUNRISE A
2 stock 400005 Haiguoshi 272,288.09 150,000.00 18,450.00 2.04% -1,500.00
Other ending securities investment 17,607,157.64 -- 9,043,663.20 100% 3,580,028.74
Gains and losses of securities investment sold
-- -- -- -- 2,610,661.54
during report period
Total 17,607,157.64 -- 9,043,663.20 100% 3,580,028.74
Explanation on security investment
13
深圳市深宝实业股份有限公司 2012 年半年度报告摘要
2. Equity of other listed company held by the Company
□Applicable √Not applicable
Explanation on equity of other listed company held by the Company
3. Fund occupation and progress of paying off
□Applicable √Not applicable
Till end of reporting period, accountability plan proposed by the Board for completed no
non-operational fund occupation from listed company
□Applicable √Non-applicable
4. Implementation of commitments
Commitments made by the Company and its directors, supervisors, senior executives, shareholders
holding above 5% shares of the Company and actual controller in reporting period or extending to
reporting period
□Applicable √Not applicable
Commitments Accepter Contents Implementation
The original shareholders of non circulation shares made the
following undertakings during the equity reform: 1. Agricultural
Products and Investment Holdings will observe relevant laws,
regulations and rules during the equity reform, and perform their
legal undertaking obligations; 2. Upon completion of the equity
reform, in order to provide long-term effective incentives to
management, the original shareholders of non circulation shares,
namely Agricultural Products and Investment Holdings, will sell
the shares which they will hold upon satisfaction of consideration
(such shares account for 6%-8% of the total share capital
(182,923,088 shares ) of the Company) to management within 3
years according to their shareholding percentages after the equity
Shenzhen reform. The particular method and implementation rules for the
Agricultural above management share option scheme was prepared by the listed
Undertakings
Products Co., Ltd., company in compliance with the Management Method for Share
for equity Observe the undertakings
Shenzhen Option Scheme of Listed Company of CSRC and the relevant
reform
Investment national requirements. The share option scheme has been submitted
Holdings Co., Ltd. to Shenzhen SASAC for consideration and approval for
implementation. The circulation condition for such shares will be
subject to relevant regulations. Agricultural Products and
Investment Holdings observed their legal undertaking obligations
strictly. Pursuant to the Provisional Method for State-owned Listed
Company (domestic) to Implement Share Option Scheme jointly
promulgated by the SASAC and the ministry of Finance on 6
December 2006, the share option scheme for management of the
Company shall be further specific according to relevant regulations.
The original shareholders of non circulation shares will promote
share option scheme for management to the extent permitted by the
relevant laws and regulations of the PRC, based on adequate
market condition.
Undertakings
made in
acquisition
Non-applicable
report or
equity change
report
Undertakings
made in
assets Non-applicable
replacemen
ts
Undertakings
Non-applicable
for issuance
Other
undertakings Non-applicable
made to
14
深圳市深宝实业股份有限公司 2012 年半年度报告摘要
minority
shareholders
of the
Company
5. Profit distribution of Board of Directors this time or preplan of capital reserve capitalizing
□Applicable √Not applicable
6. Items of other consolidated income
Unit: RMB
Amount occurred in
Amount occurred in the
Items same period of last
report period
period
1. Gains(losses) from financial assets available for sales
Less: Income tax influences from financial assets available
for sales
Net amount reckoned into other consolidated income in
previous period but transferred into gains/losses in current 210,249.15
period
Subtotal -210,249.15
2. Shares in the other consolidated income of the investee
calculated based on equity method
Less: Income tax influences of shares in the other
consolidated income of the investee calculated based on
equity method
Net amount reckoned into other consolidated income in
previous period but transferred into gains/losses in current
period
Subtotal
3. Gains(losses) from cash flow hedge instrument
Less: Income tax influences from cash flow hedge
Net amount reckoned into other consolidated income in
previous period but transferred into gains/losses in current
period
Adjusted amount transferred to initial confirmed amount of
the arbitraged items
Subtotal
4. Differences from translating foreign currency financial
statements
Less: Net amount of disposing overseas business transferred
to current gains/losses
Subtotal
5. Others
Less: Income tax influences by others reckoned into other
consolidated income
Net amount reckoned into other consolidated income in
previous period but transferred into gains/losses in current
period
Subtotal
Total -210,249.15
(VI)Registration form of receiving research, communication and interview in the report
period
Content discussed and
Date Place Way Type Object
documents provided
Meeting room of New horizon Discuss about the
13 February 2012 On-site inspection Institution
the Company fund operation and
15
深圳市深宝实业股份有限公司 2012 年半年度报告摘要
production of the
Company, future
strategic plan,
particulars about the
proceeds. The
Company has not
disclosed or leaked any
material non-public
information to the party
received.
VII. Financial Report
(I) Auditing opinion
Audited the semi-annual report or not
□ Yes √No
(II) Financial statement
Whether consolidated statement or not:
√Yes □No
1. Consolidated Balance Sheet
Prepared by Shenzhen Shenbao Industrial Co., Ltd
Unit: RMB
Items Note Balance at period-end Balance at period-begin
Current assets:
Monetary funds 519,197,954.69 437,342,717.15
Settlement provisions
Capital lent
Transaction finance asset 9,043,663.20 14,627,801.40
Notes receivable
Accounts receivable 25,811,829.87 71,769,419.01
Accounts paid in advance 7,621,344.91 10,243,725.62
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Interest receivable
Dividend receivable
Other receivables 23,934,074.34 35,956,860.85
Purchase restituted finance
asset
Inventories 70,881,287.47 56,983,348.83
Non-current asset due within
one year
Other current assets
Total current assets 656,490,154.48 626,923,872.86
Non-current assets:
Granted loans and advances
Finance asset available for
sales
Held-to-maturity investment
Long-term account receivable
16
深圳市深宝实业股份有限公司 2012 年半年度报告摘要
Long-term equity investment 25,471,291.08 63,891,371.62
Investment real estate
Fixed assets 149,858,929.28 150,807,447.25
Construction in progress 90,800,393.40 11,113,058.18
Engineering material
Disposal of fixed asset
Productive biological asset 436,156.00 436,156.00
Oil and gas asset
Intangible assets 231,093,757.03 202,531,194.37
Expense on Research and
Development
Goodwill
Long-term expenses to be
4,239,946.13 3,615,812.95
apportioned
Deferred income tax asset 2,526,555.01 2,645,321.41
Other non-current asset
Total non-current asset 504,427,027.93 435,040,361.78
Total assets 1,160,917,182.41 1,061,964,234.64
Current liabilities:
Short-term loans 30,000,000.00 38,000,000.00
Loan from central bank
Absorbing deposit and
interbank deposit
Capital borrowed
Transaction financial liabilities
Notes payable
Accounts payable 16,268,756.13 34,863,967.03
Accounts received in advance 2,715,791.05 3,420,712.90
Selling financial asset of
repurchase
Commission charge and
commission payable
Wage payable 2,251,965.58 3,666,717.12
Taxes payable 1,403,107.04 4,923,433.34
Interest payable
Dividend payable 2,909,182.74 2,909,182.74
Other accounts payable 121,741,682.58 79,810,651.49
Reinsurance payables
Insurance contract reserve
Security trading of agency
Security sales of agency
Non-current liabilities due
within 1 year
Other current liabilities 843,137.43 43,137.43
Total current liabilities 178,133,622.55 167,637,802.05
Non-current liabilities:
Long-term loans
Bonds payable
Long-term account payable
17
深圳市深宝实业股份有限公司 2012 年半年度报告摘要
Special accounts payable
Projected liabilities
Deferred income tax liabilities
Other non-current liabilities 4,249,920.00 4,449,920.00
Total non-current liabilities 4,249,920.00 4,449,920.00
Total liabilities 182,383,542.55 172,087,722.05
Owner’s equity (or
shareholders’ equity):
Paid-up capital (or share
250,900,154.00 250,900,154.00
capital)
Capital public reserve 568,489,973.36 568,700,222.51
Less: Inventory shares
Reasonable reserve
Surplus public reserve 32,464,033.34 32,464,033.34
Provision of general risk
Retained profit 126,679,479.16 37,812,102.74
Balance difference of foreign
currency translation
Total owner’s equity
978,533,639.86 889,876,512.59
attributable to parent company
Minority interests
Total owner’s equity(or
978,533,639.86 889,876,512.59
shareholders’ equity)
Total liabilities and owner’s
1,160,917,182.41 1,061,964,234.64
equity(or shareholders’ equity)
Legal representative: Mr. Zheng Yuxi
Person in charge of accounting works: Ms. Zeng Suyan
Person in charge of accounting institution: Ms. Wang Zhiping
2. Balance Sheet of parent company
Unit: RMB
Item Note Balance at period-end Balance at period-begin
Current assets:
Monetary funds 186,945,009.15 399,181,994.57
Transaction finance asset 8,859,163.20 14,441,801.40
Notes receivable
Accounts receivable 284,966.26 10,800.00
Accounts paid in advance
Interest receivable
Dividend receivable
Other receivables 268,433,564.07 290,113,278.83
Inventories 636,422.82 748,577.05
Non-current asset due within
one year
Other current assets
Total current assets 465,159,125.50 704,496,451.85
Non-current assets:
Finance asset available for
sales
18
深圳市深宝实业股份有限公司 2012 年半年度报告摘要
Held-to-maturity investment
Long-term account receivable
Long-term equity investment 779,524,266.12 313,836,495.78
Investment real estate 24,255,453.23 24,670,895.45
Fixed assets 3,120,007.86 2,821,015.29
Construction in progress 49,774,696.98 6,977,937.19
Engineering material
Disposal of fixed asset
Productive biological asset 436,156.00 436,156.00
Oil and gas asset
Intangible assets 65,693,524.40 66,607,860.51
Expense on Research and
Development
Goodwill
Long-term expenses to be
686,593.67 785,282.95
apportioned
Deferred income tax asset 1,382,880.17 1,475,455.82
Other non-current asset
Total non-current asset 924,873,578.43 417,611,098.99
Total assets 1,390,032,703.93 1,122,107,550.84
Current liabilities:
Short-term loans 30,000,000.00
Transaction financial liabilities
Notes payable
Accounts payable 457,746.88
Accounts received in advance 130,320.00
Wage payable 1,870,699.47 2,602,137.43
Taxes payable 563,491.00 213,379.40
Interest payable
Dividend payable 2,909,182.74 2,909,182.74
Other accounts payable 263,089,434.03 115,853,186.53
Non-current liabilities due
within 1 year
Other current liabilities
Total current liabilities 298,890,554.12 121,708,206.10
Non-current liabilities:
Long-term loans
Bonds payable
Long-term account payable
Special accounts payable
Projected liabilities
Deferred income tax liabilities
Other non-current liabilities 49,920.00 49,920.00
Total non-current liabilities 49,920.00 49,920.00
Total liabilities 298,940,474.12 121,758,126.10
Owner’s equity (or
shareholders’ equity):
Paid-up capital (or share 250,900,154.00 250,900,154.00
19
深圳市深宝实业股份有限公司 2012 年半年度报告摘要
capital)
Capital public reserve 583,300,472.29 583,510,721.44
Less: Inventory shares
Reasonable reserve
Surplus public reserve 32,464,033.34 32,464,033.34
Retained profit 224,427,570.18 133,474,515.96
Balance difference of foreign
currency translation
Total owner’s equity(or
1,091,092,229.81 1,000,349,424.74
shareholders’ equity)
Total liabilities and owner’s
1,390,032,703.93 1,122,107,550.84
equity(or shareholders’ equity)
3. Consolidated Profit Statement
Unit: RMB
Item Note Amount in this period Amount in last period
I. Total operating income 114,026,690.16 139,922,991.06
Including: Operating income 114,026,690.16 139,922,991.06
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 131,477,781.95 148,255,335.86
Including: Operating cost 92,593,340.74 112,209,097.15
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 662,775.12 896,845.51
Sales expenses 6,539,865.06 8,969,300.98
Administration expenses 31,343,771.04 21,699,521.40
Financial expenses 381,706.23 4,550,650.77
Losses of devaluation of asset -43,676.24 -70,079.95
Add: Changing income of fair
969,367.20 -42,000.00
value(Loss is listed with “-”)
Investment income (Loss is
105,857,836.04 -265,249.23
listed with “-”)
Including: Investment income
on affiliated company and joint -299,393.90 -265,249.23
venture
Exchange income (Loss is
listed with “-”)
III. Operating profit (Loss is
89,376,111.45 -8,639,594.03
listed with “-”)
20
深圳市深宝实业股份有限公司 2012 年半年度报告摘要
Add: Non-operating income 772,170.63 17,433,557.36
Less: Non-operating expense 237,648.80 60,551.66
Including: Disposal loss of
237,578.80 60,551.66
non-current asset
IV. Total Profit (Loss is listed
89,910,633.28 8,733,411.67
with “-”)
Less: Income tax expense 1,043,256.86 1,674,051.00
V. Net profit (Net loss is listed
88,867,376.42 7,059,360.67
with “-”)
Including: net profit realized
before consolidation by
mergered party
Net profit attributable to
88,867,376.42 4,396,354.98
owner’s of parent company
Minority shareholders’ gains
2,663,005.69
and losses
VI. Earnings per share -- --
i. Basic earnings per share 0.3542 0.0242
ii. Diluted earnings per share 0.3542 0.0242
VII. Other consolidated
-210,249.15
income
VIII. Total comprehensive
88,657,127.27 7,059,360.67
income
Total consolidated income
attributable to owners of parent 88,657,127.27 4,396,354.98
company
Total consolidated income
attributable to minority 2,663,005.69
shareholders
Legal representative: Mr. Zheng Yuxi
Person in charge of accounting works: Ms. Zeng Suyan
Person in charge of accounting institution: Ms. Wang Zhiping
4. Profit Statement of parent company
Unit: RMB
Items Note Amount in this period Amount in last period
I. Operating income 2,050,941.33 1,434,424.23
Less: operating cost 422,583.09 91,320.28
Operating tax and extras 72,935.33 66,000.00
Sales expenses 266,780.75 515,239.93
Administration expenses 17,165,949.80 11,040,603.19
Financial expenses -274,315.92 2,392,752.83
Losses of devaluation of asset 0.00 540.00
Add: Changing income of fair
970,867.20
value(Loss is listed with “-”)
Investment income (Loss is
105,857,836.04 -265,249.23
listed with “-”)
Including: Investment income
on affiliated company and joint -299,393.90 -265,249.23
venture
II. Operating profit (Loss is
91,225,711.52 -12,937,281.23
listed with “-”)
Add: Non-operating income 17,088,533.21
21
深圳市深宝实业股份有限公司 2012 年半年度报告摘要
Less: Non-operating expense 180,081.65 35,326.88
Including: Disposal loss of
180,081.65 35,326.88
non-current asset
III. Total Profit (Loss is listed
91,045,629.87 4,115,925.10
with “-”)
Less: Income tax expense 92,575.65
IV. Net profit (Net loss is listed
90,953,054.22 4,115,925.10
with “-”)
V. Earnings per share -- --
i. Basic earnings per share
ii. Diluted earnings per share
VI. Other consolidated income -210,249.15
VII. Total comprehensive
90,742,805.07 4,115,925.10
income
5. Consolidated Cash Flow Statement
Unit: RMB
Item Amount in this period Amount in last period
I. Cash flows arising from
operating activities:
Cash received from selling
commodities and providing labor 176,491,074.07 177,726,719.69
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
Write-back of tax received 436,438.16 49,009.53
Other cash received concerning
2,938,001.74 6,445,884.77
operating activities
Subtotal of cash inflow arising
179,865,513.97 184,221,613.99
from operating activities
Cash paid for purchasing
commodities and receiving labor 126,671,262.26 139,613,835.64
service
Net increase of customer loans
and advances
Net increase of deposits in central
bank and interbank
22
深圳市深宝实业股份有限公司 2012 年半年度报告摘要
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 22,096,377.43 17,020,987.85
Taxes paid 12,270,546.05 12,934,545.26
Other cash paid concerning
15,568,262.71 22,924,655.87
operating activities
Subtotal of cash outflow arising
176,606,448.45 192,494,024.62
from operating activities
Net cash flows arising from
3,259,065.52 -8,272,410.63
operating activities
II. Cash flows arising from
investing activities:
Cash received from recovering
152,102,277.68 24,800,000.00
investment
Cash received from investment
income
Net cash received from disposal
of fixed, intangible and other 840,414.80 13,051,728.00
long-term assets
Net cash received from
disposal of subsidiaries and other
units
Other cash received concerning
investing activities
Subtotal of cash inflow from
152,942,692.48 37,851,728.00
investing activities
Cash paid for purchasing fixed,
intangible and other long-term 65,533,240.27 17,789,197.69
assets
Cash paid for investment
Net increase of mortgaged loans -20,000,000.00
Net cash received from
subsidiaries and other units
Other cash paid concerning
investing activities
Subtotal of cash outflow from
65,533,240.27 -2,210,802.31
investing activities
Net cash flows arising from
87,409,452.21 40,062,530.31
investing activities
III. Cash flows arising from
financing activities
Cash received from absorbing
512,499,992.40
investment
Including: Cash received from
absorbing minority shareholders’
investment by subsidiaries
Cash received from loans 145,000,000.00 65,000,000.00
Cash received from issuing bonds
Other cash received concerning
2,723,285.23
financing activities
23
深圳市深宝实业股份有限公司 2012 年半年度报告摘要
Subtotal of cash inflow from
147,723,285.23 577,499,992.40
financing activities
Cash paid for settling debts 153,000,000.00 52,400,000.00
Cash paid for dividend and profit
3,039,716.43 5,530,183.59
distributing or interest paying
Including: Dividend and profit of
minority shareholder paid by
subsidiaries
Other cash paid concerning
500,000.00 4,099,501.38
financing activities
Subtotal of cash outflow from
156,539,716.43 62,029,684.97
financing activities
Net cash flows arising from
-8,816,431.20 515,470,307.43
financing activities
IV. Influence on cash and cash
equivalents due to fluctuation in 3,151.01 -8,344.27
exchange rate
V. Net increase of cash and cash
81,855,237.54 547,252,082.84
equivalents
Add: Balance of cash and cash
436,842,717.15 40,540,179.32
equivalents at the period -begin
VI. Balance of cash and cash
518,697,954.69 587,792,262.16
equivalents at the period -end
6. Cash Flow Statement of parent company
Unit: RMB
Item Amount in this period Amount in last period
I. Cash flows arising from
operating activities:
Cash received from selling
commodities and providing labor 1,192,862.90 1,413,364.27
services
Write-back of tax received
Other cash received concerning
126,209,411.56 4,239,039.14
operating activities
Subtotal of cash inflow arising
127,402,274.46 5,652,403.41
from operating activities
Cash paid for purchasing
commodities and receiving labor 79,699.32 271,848.55
service
Cash paid to/for staff and workers 7,395,526.26 5,784,877.12
Taxes paid 1,339,488.17 919,246.61
Other cash paid concerning
7,502,361.90 20,208,017.33
operating activities
Subtotal of cash outflow arising
16,317,075.65 27,183,989.61
from operating activities
Net cash flows arising from
111,085,198.81 -21,531,586.20
operating activities
II. Cash flows arising from
investing activities:
Cash received from recovering
152,102,277.68 24,800,000.00
investment
Cash received from investment
income
Net cash received from disposal
115,000.00 13,000,000.00
of fixed, intangible and other
24
深圳市深宝实业股份有限公司 2012 年半年度报告摘要
long-term assets
Net cash received from
disposal of subsidiaries and other
units
Other cash received concerning
investing activities
Subtotal of cash inflow from
152,217,277.68 37,800,000.00
investing activities
Cash paid for purchasing fixed,
intangible and other long-term 1,947,919.14 1,143,684.68
assets
Cash paid for investment 503,497,641.88
Net cash received from
subsidiaries and other units
Other cash paid concerning
-20,000,000.00
investing activities
Subtotal of cash outflow from
505,445,561.02 -18,856,315.32
investing activities
Net cash flows arising from
-353,228,283.34 56,656,315.32
investing activities
III. Cash flows arising from
financing activities
Cash received from absorbing
512,499,992.40
investment
Cash received from loans 130,000,000.00 30,000,000.00
Cash received from bond offering
Other cash received concerning
1,977,263.06
financing activities
Subtotal of cash inflow from
131,977,263.06 542,499,992.40
financing activities
Cash paid for settling debts 100,000,000.00 29,000,000.00
Cash paid for dividend and profit
2,071,163.95 3,818,933.23
distributing or interest paying
Other cash paid concerning
4,099,501.38
financing activities
Subtotal of cash outflow from
102,071,163.95 36,918,434.61
financing activities
Net cash flows arising from
29,906,099.11 505,581,557.79
financing activities
IV. Influence on cash and cash
equivalents due to fluctuation in
exchange rate
V. Net increase of cash and cash
-212,236,985.42 540,706,286.91
equivalents
Add: Balance of cash and cash
399,181,994.57 23,617,846.34
equivalents at the period -begin
VI. Balance of cash and cash
186,945,009.15 564,324,133.25
equivalents at the period -end
25
深圳市深宝实业股份有限公司 2012 年半年度报告摘要
7. Consolidated Statement on Changes of Owners' Equity
Amount in this period
Unit: RMB
Amount in this period
Owners' equity attributable to the parent company
Items Minority’s Total owners’
Less: General
Paid-up capital Capital Reasonable Surplus equity equity
Treasury risk Retained profit Others
(Share capital) reserves reserve reserves
Stock provision
I. Balance at the end of last year
Add: Changes of accounting policy
Error correction of the last period
Others
II. Balance at the beginning of this year 250,900,154.00 568,700,222.51 32,464,033.34 37,812,102.74 889,876,512.59
III. Increase/ Decrease in this year (Decrease
-210,249.15 88,867,376.42 88,657,127.27
is listed with'"-")
(i) Net profit 88,867,376.42 88,867,376.42
(ii) Other consolidated income -210,249.15 -210,249.15
Subtotal of (i)and (ii) -210,249.15 88,867,376.42 88,657,127.27
(III) Owners' devoted and decreased capital 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1. Owners' devoted capital
2. Amount calculated into owners' equity paid
in shares
3. Others
(IV)Profit distribution 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1. Withdrawal of surplus reserves
2. Withdrawal of general risk provisions
3. Distribution for owners (shareholders)
4. Others
(V) Carrying forward internal owners' equity 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1. Capital reserves conversed to capital (share
capital)
2. Surplus reserves conversed to capital
(share capital)
3. Remedying loss with surplus reserve
26
深圳市深宝实业股份有限公司 2012 年半年度报告摘要
4. Others
(VI) Reasonable reserve
1. Withdrawal in this period
2. Usage in this period
(VII) Other
IV. Balance at the end of the report period 250,900,154.00 568,489,973.36 32,464,033.34 126,679,479.16 978,533,639.86
Amount in last period
Unit: RMB
Amount in last period
Owners' equity attributable to the parent company
Items Less: General Minority’s Total owners’
Paid-up capital Capital Reasonable Surplus Retained equity equity
Treasury risk Others
(Share capital) reserves reserve reserves profit
Stock provision
I. Balance at the end of last year
Add: retroactive adjustment arising from
enterprise consolidation under the same
control
Add: Changes of accounting policy
Error correction of the last period
Others
II. Balance at the beginning of this year 181,923,088.00 79,873,070.29 32,464,033.34 30,831,869.17 47,849,552.44 372,941,613.24
III. Increase/ Decrease in this year (Decrease
68,977,066.00 488,827,152.22 6,980,233.57 -47,849,552.44 516,934,899.35
is listed with'"-")
(i) Net profit 6,980,233.57 2,663,005.69 9,643,239.26
(ii) Other consolidated income
Subtotal of (i)and (ii) 6,980,233.57 2,663,005.69 9,643,239.26
(III) Owners' devoted and decreased capital 68,977,066.00 488,827,152.22 0.00 0.00 0.00 0.00 0.00 0.00 -50,512,558.13 507,291,660.09
1. Owners' devoted capital 68,977,066.00 503,415,075.89 572,392,141.89
2. Amount calculated into owners' equity paid
in shares
3. Others -14,587,923.67 -50,512,558.13 -65,100,481.80
(IV)Profit distribution 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1. Withdrawal of surplus reserves
2. Withdrawal of general risk provisions
3. Distribution for owners (shareholders)
27
深圳市深宝实业股份有限公司 2012 年半年度报告摘要
4. Others
(V) Carrying forward internal owners' equity 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1. Capital reserves conversed to capital (share
capital)
2. Surplus reserves conversed to capital (share
capital)
3. Remedying loss with surplus reserve
4. Others
(VI) Reasonable reserve
1.Withdrawal in this period
2.Usage in this period
(VII) Other
IV. Balance at the end of the report period 250,900,154.00 568,700,222.51 32,464,033.34 37,812,102.74 889,876,512.59
8. Statement on Changes of Owners' Equity of Parent Company
Amount in this period
Unit: RMB
Amount in this period
Item Paid-up capital Less: Treasury Reasonable General risk Total owners’
Capital reserves Surplus reserves Retained profit
(Share capital) Stock reserve reserve equity
I. Balance at the end of last year
Add: Changes of accounting policy
Error correction of the last period
Others
II. Balance at the beginning of this year 250,900,154.00 583,510,721.44 32,464,033.34 133,474,515.96 1,000,349,424.74
III. Increase/ Decrease in this year (Decrease is
-210,249.15 90,953,054.22 90,742,805.07
listed with'"-")
(i) Net profit 90,953,054.22 90,953,054.22
(ii) Other consolidated income -210,249.15 -210,249.15
Subtotal of (i)and (ii) -210,249.15 90,953,054.22 90,742,805.07
(III) Owners' devoted and decreased capital 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1. Owners' devoted capital
2. Amount calculated into owners' equity paid in
shares
3. Others
(IV) Profit distribution 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
28
深圳市深宝实业股份有限公司 2012 年半年度报告摘要
1. Withdrawal of surplus reserves
2. Withdrawal of general risk reserve
3. Distribution for owners (shareholders)
4. Others
(V) Carrying forward internal owners' equity 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1. Capital reserves conversed to capital (share
capital)
2. Surplus reserves conversed to capital (share
capital)
3. Remedying loss with surplus reserves
4. Others
(VI) Reasonable reserve
1. Withdrawal in this period
2. Usage in this period
(VII) Other
IV. Balance at the end of the report period 250,900,154.00 583,300,472.29 32,464,033.34 224,427,570.18 1,091,092,229.81
Amount in last year
Unit: RMB
Amount in last year
Item Paid-up capital Less: Treasury Reasonable General risk Total owners’
Capital reserves Surplus reserves Retained profit
(Share capital) Stock reserve reserve equity
I. Balance at the end of last year
Add: Changes of accounting policy
Error correction of the last period
Others
II. Balance at the beginning of this year 181,923,088.00 80,095,645.55 32,464,033.34 134,399,358.26 428,882,125.15
III. Increase/ Decrease in this year (Decrease is
68,977,066.00 503,415,075.89 -924,842.30 571,467,299.59
listed with'"-")
(i) Net profit -924,842.30 -924,842.30
(ii) Other consolidated income
Subtotal of (i)and (ii) -924,842.30 -924,842.30
(III) Owners' devoted and decreased capital 68,977,066.00 503,415,075.89 0.00 0.00 0.00 0.00 0.00 572,392,141.89
1. Owners' devoted capital 68,977,066.00 503,415,075.89 572,392,141.89
2. Amount calculated into owners' equity paid in
shares
29
深圳市深宝实业股份有限公司 2012 年半年度报告摘要
3. Others
(IV) Profit distribution 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1. Withdrawal of surplus reserves
2. Withdrawal of general risk reserve
3. Distribution for owners (shareholders)
4. Others
(V) Carrying forward internal owners' equity 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1. Capital reserves conversed to capital (share
capital)
2. Surplus reserves conversed to capital (share
capital)
3. Remedying loss with surplus reserves
4. Others
(VI) Reasonable reserve
3. Withdrawal in this period
4. Usage in this period
(VII) Other
IV. Balance at the end of the report period 250,900,154.00 583,510,721.44 32,464,033.34 133,474,515.96 1,000,349,424.74
30
深圳市深宝实业股份有限公司 2012 年半年度报告摘要
(III) Notes to financial statement
1. Changes of main accounting policy and accounting estimation as well as accounting errors
modification and figures
(1) Changes of accounting policy
Is there any change on accounting policy in reporting period?
□ Yes √ No
(2) Changes of accounting estimation
Is there any change on main accounting estimation in reporting period?
□ Yes √ No
(3) Accounting errors modification
Is there has previous accounting errors modified in reporting period?
□ Yes √ No
2. Reasons of consolidation range changed in aspect of consolidation statement
The consolidation range has two new wholly-owned subsidiaries: Hangzhou Mingduan Tianping Tea Co., Ltd. and Shenzhen
Shenbao Technology Center Co., Ltd were established by the Company dated 3 May 2012 and 10 May 2012 respectively.
3. If Non-standard Unqualified Opinion is supplied, list the related notes to the matters
involved.
□ Yes √ No
Shenzhen Shenbao Industrial Co., Ltd.
Chairman: Zheng Yuxi
17 August 2012
31
