ShenZhen Tellus Holding Co., Ltd. The First Quarterly Report 2010
1
Stock Code: 000025, 200025 Short Form of Stock: Tellus A, Tellus B No.: 2010-009
ShenZhen Tellus Holding Co., Ltd.
The First Quarterly Report 2010
§1. Important Notes
1.1 Board of Directors and the Supervisory Committee of ShenZhen Tellus Holding Co., Ltd.
(hereinafter referred to as the Company) and its directors, supervisors and senior executives hereby
confirm that there are no any fictitious statements, misleading statements, or important omissions
carried in this report, and shall take all responsibilities, individual and/or joint, for the reality,
accuracy and completion of the whole contents.
1.2 The First Quarterly Financial Report of 2010 has not been audited by CPAs.
1.3 Chairman of the Board of the Company Zhang Ruili, General Manager Cheng Peng, Chief
Financial Officer Fu Bin, General Manager of Planning and Financing Department Ke Wensheng
hereby confirm that the Financial Report of the First Quarterly Report is true and complete.
§2. Company Profile
2.1 Main accounting highlights and financial indexes
Unit: RMB
At the end of the
report period
At the period-end of
the last year
Changes of
increase/decrease (%)
Total assets (RMB) 602,816,995.23 611,487,117.65 -1.42%
Owners’ equity attributable to shareholders of
the listed company (RMB) 169,400,142.25 170,686,600.81 -0.75%
Share capital (Share) 220,281,600.00 220,281,600.00
Net asset per share attributable to shareholders
of listed company (RMB/Share) 0.769 0.775 -0.77%
In the report period The same period of
last year
Changes of
increase/decrease (%)
Total operating income (RMB) 109,939,790.76 94,679,334.58 16.12%
Net profit attributable to shareholders of the
listed company (RMB) -1,204,071.61 -7,799,504.02 84.56%
Net cash flow arising from operating activities
(RMB) -15,324,645.40 10,644,838.47 -243.96%
Net cash flow arising from operating activities
per share (RMB/Share) -0.070 0.048 -245.83%
Basic earnings per share (RMB/Share) -0.0055 -0.0354 84.46%
Diluted earnings per share (RMB/Share) -0.0055 -0.0354 84.46%
Weighted average return on equity (%) -0.71% -4.88% 4.17%
Weighted average return on equity after
deducting non-recurring gains and losses (%) -0.81% -5.57% 4.76%
Items of non-recurring gains and losses Amount from year-begin
to the end of report periodShenZhen Tellus Holding Co., Ltd. The First Quarterly Report 2010
2
Gains and losses from the disposal of non-current asset 159,668.23
Other non-operating income and expenditure except for the aforementioned items 8,729.59
Total 168,397.82
Explanations on items of significant non-recurring gains and losses
Naught
2.2 Total number of shareholders at the end of the report period and shares held by the top ten
shareholders with unrestricted conditions
Unit: Share
Total number of shareholders
at the end of report period
15,909
Particulars about the shares held by the top ten tradable shareholders with unrestricted conditions
Full name of shareholder
Amount of tradable shares with
unrestricted conditions held at the
end of report period
Type of shares
SHENZHEN SDG CO., LTD. 145,870,560 RMB ordinary shares
ZHOU XUE QING 1,285,357 RMB ordinary shares
WU CHU 767,472 RMB ordinary shares
ZHOU JIAN FENG 487,500 RMB ordinary shares
THE FISRT SHANGHAI SECURITIES
CO., LTD. 466,200 Domestically listed foreign shares
China Southern Fund Management Co.,
Ltd.-Everbright- Tactic Assets Allocation
No.1 Assets Management Plan
462,589 RMB ordinary shares
ZHANG ZI BIN 444,839 RMB ordinary shares
HE XING 442,300 Domestically listed foreign shares
YE YING 440,000 RMB ordinary shares
FAN XIAO HAN 412,490 RMB ordinary shares
§3. Significant Events
3.1 Particulars about material changes in items of main accounting statement and financial index,
and explanations of reasons
√Applicable □InapplicableShenZhen Tellus Holding Co., Ltd. The First Quarterly Report 2010
3
Items March 31, 2010 Dec. 31, 2009 Change
scope Explanation
Account paid in advance 12,327,189.33 17,878,392.46 -31.05%
Prepaid account for purchasing
automobiles dealt the settlement
procedure
Inventories 28,866,255.09 18,373,999.23 57.10% Increase in inventory commercial
automobiles
Tax payable 7,291,347.35 9,656,230.96 -24.49% Paid taxes
Items Jan. to Mar. 2010 Jan. to Mar. 2009 Change
scope Explanation
Operation income 109,939,790.76 94,679,334.58 16.12% Increase in automobiles sales
business
Administrative expense 10,243,858.74 14,781,345.70 -30.70%
Compensation expense for
rescinding employee contract
occurred in the same period of last
year
Investment income 1,861,000.00 -947,253.00 296.46% Increase in profits of shareholding
enterprise in the report period
Non-operating income 173,645.46 1,093,836.91 -84.13% Gains from debts restructurings in
the same period of last year
Income tax 278,199.73 80,902.56 243.87% Increase in profits of subsidiaries
Net profit -727,179.74 -7,742,228.50 90.61% Increase in income and decrease in
cost expense
Net value of cash flow
arising from operating
activities
-15,324,645.40 10,644,838.47 -243.96%
Cash received from other operating
activities received in the report
period decreased over the same
period of last year
Net value of cash flow
arising from investing
activities
-405,049.15 -254,638.00 -59.07%
Purchase and constructed fixed
assets and allotted shares of China
Merchants Bank in the report period
Net value of cash flow
arising from financing
activities
1,908,135.93 -9,775,704.91 119.52% Bank loan increased in the report
period
3.2 Analysis and explanation of significant events and their influence and solutions
□Applicable √Inapplicable
3.3 Implementations of commitments by the Company, shareholders and actual controller
√Applicable □Inapplicable
Item of Commitments Promisee Content of commitments Implementation
Commitments for Share Merger
Reform
Shenzhen
SDG Co.,
Ltd.
To effectively boost the core management level
and business backbones for long, SDG would
take out its shares, not exceeding 10% in total
number after the Share Merger Reform, and
apply them to the boost of the administration
level. The shares would be sold to the
Company’s administrative level over 3 years,
with the selling price being the net asset value
per share audited during the period nearest to
the implementation. Before the implementation
of the promoting plan by share selling each
year, the administration level must prepay the
Company a risk responsibility fund, i.e. 20% of
Under the
implementationShenZhen Tellus Holding Co., Ltd. The First Quarterly Report 2010
4
the planned selling price; Should the work of
the performance examination set by the Board
failed to be finished, the paid risk responsibility
fund would not be refunded and shall be owned
by the Company. Detailed rules concerning the
limitations on the administration level, such as
the subscription conditions and risk
responsibility fund, and boost plans would be
set by the Board and submitted to relevant
departments for approval. The implementation
of the shares for promoting would be conducted
strictly according to relevant laws and
regulations, and the circulation conditions of
these shares would be in conformity with
relevant regulations set by the Shenzhen Stock
Exchange.
Commitments for share restricted
trade N/A N/A N/A
Commitments made in Acquisition
Report or Reports on Change in
Interests
N/A N/A N/A
Commitments made in Material
Assets Reorganization N/A N/A N/A
Commitments made in issuing N/A N/A N/A
Other commitments (including
additional commitments) N/A N/A N/A
3.4 Estimation of accumulative net profit from the beginning of the year to the end of next report
period to be loss probably or the warning of its material change compared with the corresponding
period of the last year and explanation of reason
□Applicable √Inapplicable
3.5 Other significant events which need explanations
3.5.1 Particulars about securities investment
√Applicable □Inapplicable
Unit: RMB
No. Securities
kinds Stock code Short form of
the stock
Initial
investment
amount
(RMB)
Amount
held
(Share)
Book value at
period-end
(RMB)
Total
investment
proportion
of securities
in
period-end
(%)
Gains and
losses in report
period
(RMB)
1 Stock 600036
China
Merchants
Bank
178,454.20 115,775.00 1,884,817.00 100.00% 0.00
Other stock investment held at the end of
report period 0.00 - 0.00 0.00% 0.00
Gain/loss of the sold securities investment in
the report period - - - - 0.00
Total 178,454.20 - 1,884,817.00 100% 0.00ShenZhen Tellus Holding Co., Ltd. The First Quarterly Report 2010
5
Explanations on securities investment
In March 2010, China Merchants Bank allotted to A-stock shareholders with the proportion of bonus
1.3 shares for each 10 shares. The Company holds its 102,456 shares and obtained allotted shares of
13,319, the amount of holding shares was 115,775 in the report period.
3.5.2 Registration form for receiving research, communication and interview in the report period
In the report period, there were no receptions from the investors such as spot research, telephone
communications and written enquiries.
3.5.3 Particulars about the explanations on other significant events
□Applicable √Inapplicable
3.6 Particulars about derivatives investment
□Applicable √Inapplicable
3.6.1 Particulars about derivatives investment held at the end of report period
□Applicable √Inapplicable
