China International Marine Containers (Group) Co., Ltd.
The First Quarterly Report 2010
§1. Important Notice
1.1 The Board of Directors, the Supervisory Committee, as well as directors, supervisors
and senior executives of China International Marine Containers (Group) Co., Ltd.
(hereinafter referred to as “the Company”) hereby guarantee that this report carries no false
information, misleading statements or major omissions, and accept, individually and
collectively, the responsibility for factuality, accuracy and completeness of the information
set forth herein.
1.2 The Financial Report of this first quarterly report has not been audited by an accounting
firm.
1.3 Fu Yuning (Principal of the Company), Mai Boliang (Principal of Accounting) and Jin
Jianlong (Person-in-charge of the accounting firm and the accounting project) hereby
confirm that the Financial Report enclosed in this quarterly report is factual and complete.
§2. Company Profile
2.1 Main accounting data and financial indicators
Unit: (RMB) Yuan
31 Mar. 2010 31 Dec. 2009 Increase/decrease (%)
Total assets (Yuan) 48,432,286,000.00 37,358,383,000.00 29.64%
Owners’ equity attributable to
shareholders of listed company (Yuan) 14,549,861,000.00 14,198,208,000.00 2.48%
Share capital (Unit: share) 2,662,396,000.00 2,662,396,000.00 0.00%
Net assets per share attributable to
shareholders of listed company
(Yuan/share) 5.46 5.33 2.48%
Jan.-Mar. 2010 Jan.-Mar. 2009 Increase/decrease (%)
Total operation income (Yuan) 7,774,491,000.00 4,258,608,000.00 82.56%
Net profit attributable to shareholders
of listed company (Yuan) 354,372,000.00 418,973,000.00 -15.42%
Net cash flows from operating
activities (Yuan) -1,527,619,000.00 1,032,627,000.00 -247.94%
Net cash flows per share from
operating activities (Yuan/share) -0.5738 0.3879 -247.92%
Basic earnings per share (Yuan/share) 0.1331 0.1574 -15.44%
Diluted earnings per share (Yuan/share) 0.1331 0.1574 -15.44%
Weighted average ROE (%) 2.46% 3.08% -0.62%
Weighted average ROE after deducting
extraordinary gains and losses (%) 1.51% -0.39% 1.90%2
Items of extraordinary gains and losses
Amount from year-begin to
period-end
Profit and loss from disposal of non-current assets -7,000.00
Governmental subsidies 15,155,000.00
Income from investment cost on acquiring subsidiaries, jointly-run enterprises and joint ventures lower
than fair value of identifiable net assets of investee entities that should be enjoyed by the Company
80,333,000.00
Profit or loss from changes in fair value of tradable financial assets and liabilities held, and investment
income from disposal of tradable financial assets and liabilities as well as available-for-sale financial
assets, excluding the effective hedging businesses related with normal operation of the Company
83,842,000.00
Other non-business incomes and expenses except for items above 16,267,000.00
Effect on income tax -40,796,000.00
Effect on minority interest -17,824,000.00
Total 136,970,000.00
Explanation on important items of extraordinary gains and losses
2.2 Total number of shareholders at period-end, as well as shares held by top ten
shareholders holding shares not subject to trading moratorium
Unit: Share
Total number of shareholders at period-end 223,640
Shares held by top ten shareholders not subject to trading moratorium
Name of shareholder (full name)
Number of tradable shares not subject to
trading moratorium held at period-end
Type of share
China Merchants (CIMC) Investment Limited 661,076,323 Domestically listed foreign shares
COSCO Container Industries Limited 432,171,843 RMB ordinary shares
COSCO Container Industries Limited 148,320,037 Domestically listed foreign shares
CMBLSA RE FTIF TEMPLETON ASIAN GRW
FD GTI 5496
65,612,033 Domestically listed foreign shares
HTHK/CMG FSGUFP-CMG FIRST STATE
CHINA GROWTH FD
38,355,782 Domestically listed foreign shares
Bank of China—Harvest Sustaining Open-ended
Securities Investment Fund
30,685,612 RMB ordinary shares
LONG HONOUR INVESTMENTS LIMITED 25,322,106Domestically listed foreign shares
China Construction Bank-China Prosperous
Selected Stock-type Securities Investment Fund
21,256,587 RMB ordinary shares
INDUSTRIAL & COMMERCIAL BANK OF
CHINA—E FUND VALUE GROWTH MIXED
SECURITIES INVESTMENT FUND
19,004,364 RMB ordinary shares
BIAL/HSBC GLOBAL INVESTMENT FUNDS
CHINESE EQUITY
18,717,037 Domestically listed foreign shares
Notes: China Merchants (CIMC) Investment Limited holds 661,076,323 shares of the
Company, of which 349,973 shares are held through the account of the proxy China
Merchants Securities (HK) Co., Ltd..3
§3. Significant Events
3.1 Significant changes in main accounting statement items and financial indicators as well
as reasons for such changes
√Applicable □Inapplicable
Along with gradual recovery of the global economy, export and the container trade of China
was picking up. Demand for containers in the shipping market was growing. As such, the
Company was receiving more and more orders. For the period from Jan. to Mar. 2010,
accumulative sales of the Company’s dry cargo containers stood at 102,900 TEU,
exceeding total sales throughout the previous year; accumulative sales of reefer containers
stood at 16,200 TEU, representing a year-on-year decrease of 19.00%; and accumulative
sales of special containers stood at 9,500 TEU, down by 22.14% as compared with the
same period of last year.
Along with faster economic recovery in the future and gradual expansion of production
capacity in the sector, orders for the container industry are expected to further increase with
prices on the rise.
Due to governmental subsidies and the need to supplement stock, China economy speeded
up in the first quarter. Demand for the Company’s road transportation vehicles showed a
strong growth with accumulative sales in the first quarter standing at 30,200 TEU, up by
98.68% as compared with the same period of last year. In terms of the offshore engineering
business, the Company had successfully made itself the controlling shareholder of Yantai
Raffles. Engineering projects at hand were moving on smoothly and hull closure for four
semi-submersible drilling platforms had been accomplished.
In the first quarter of 2010, operating income grew by 82.56% from the same period of last
year, which was mainly because: The Company’s production of dry cargo containers had
resumed and Yantai Raffles was included in consolidated statements, which greatly boosted
sales income.
For the first quarter of 2010, a net profit of RMB 354 million was achieved, which was
mainly because: The Company offset and wrote off inventory falling price reserves about
RMB 373 million and Yantai Raffles was included in consolidated statements, which
increased the profit by RMB 115 million.
Transactional financial assets increased by 120.93% as compared with that at the year-begin,
which was mainly because Yantai Raffles was included in consolidated statements;
Accounts receivable grew by 82.24% as compared with that at the year-begin, which was
mainly because Yantai Raffles was included in consolidated statements;
Inventories grew by 53.84% from that at the year-begin, which was mainly because
production of dry-cargo containers resumed and raw material purchase increased
significantly;
Short-term borrowings increased by 101.84% from that at the year-begin, which was
mainly because Yantai Raffles was included in consolidated statements and the Company’s
production scale resumed;
Accounts received in advance increased by 39.47% from that at the year-begin, which was
mainly because Yantai Raffles was included in consolidated statements;
Investment income was down by 98.08% as compared with the same period of last year,4
which was mainly because shares of China Merchants Bank held by the Company were
sold and a significant income was achieved in the first quarter of the previous year;
Non-business income was up by 399.25% as compared with the same period of last year,
which was mainly because the negative goodwill arising from the acquisition of Yantai
Raffles was recorded into gains and losses;
Net cash flows from operating activities were down by 247.94% as compared with the same
period of last year, which was mainly because the Company resumed production of dry
cargo containers and expenses on raw material purchase thus increased considerably.
3.2 Analysis and explanation on progress and influence of significant events, as well as
relevant solutions
□Applicable √Inapplicable
3.3 Execution of commitments made by the Company, shareholders and actual controller
√Applicable □Inapplicable
Commitments Commitment maker Specific contents of commitments Execution
Commitments
concerning share
reform
Commitments
concerning floating
shares subject to
trading moratorium
becoming tradable
The Company’s Board of Directors and
the sponsor CITIC Securities are of the
opinion that up until now, COSCO
Container Industries Limited has strictly
executed relevant commitments made in
the stock rights splitting reform.
The Company’s Board of Directors and the
sponsor CITIC Securities are of the
opinion that up until now, COSCO
Container Industries Limited has strictly
executed relevant commitments made in
the stock rights splitting reform.
Commitments
concerning share
trading moratorium
None Inapplicable Inapplicable
Commitments made in
the acquisition report or
the report on equity
changes
None Inapplicable Inapplicable
Commitments made in
major assets
reorganization
None Inapplicable Inapplicable
Commitments made in
stock issuance
None Inapplicable Inapplicable
Other commitments
(including
supplementary
commitments)
None Inapplicable Inapplicable
3.4 Warnings of possible losses or significant changes of the accumulative net profit made
during the period from the year-begin to the end of the next report period compared to the
same period of last year according to prediction, as well as explanations on reasons
□Applicable √Inapplicable
3.5 Other significant events
3.5.1 Securities Investment
√Applicable □Inapplicable
Unit: (RMB) Yuan5
Serial No.
Type of
securities
Securities
code
Short form of
securities
Initial
investment
amount (Yuan)
Number of
shares held at
period-end
(share)
Book value at
period-end
(Yuan)
Proportion
in total
securities
investment
(%)
Gains/losses in
report period
(Yuan)
1 H 00368
Sinotrans
Shipping
Ltd.
21,768,730.10 2,996,500 9,774,479.26 7.66% 289,821.07
2 S G05.SI GoodPack 109,261,984.64 135,00,000 114,947,813.27 90.11% 40,709,917.88
Other securities investment held at period-end 4,495,142.16 - 2,838,467.86 2.23% 1,261.05
Gains/losses from securities investments sold in
report period
Total 135,525,856.90 127,560,760.39 100.00% 41,001,000.00
3.5.2 Researches, interviews and visits received in report period
Time Place Way of reception Visitor or caller
Main discussion and materials provided
by the Company
4 Jan. 2010 The Company Field research UBS Securities
Recent development trends in the
industry, status of the Company’s main
business and investment progress;
outlook of the industry and the
Company’s main business in 2010
7 Jan. 2010 The Company Field research
Orient Securities, Bank of China
Investment Management
Ditto
7 Jan. 2010 The Company Field research
Guangzhou Securities, Morgan
Stanley Huaxin Funds
Ditto
8 Jan. 2010 The Company Field research Value Partners Ditto
8 Jan. 2010 The Company Field research
Customer of Shenyin & Wanguo
Securities
Ditto
12 Jan. 2010 The Company Field research
Changsheng Fund Management,
China Minzu Securities
Ditto
14 Jan. 2010 The Company Field research
TX Investment, ICBC Credit Suisse
Asset Management, Pacific Securities,
Lord Abbett China
Ditto
14 Jan. 2010 The Company By telephone Guosen Securities Ditto
15 Jan. 2010 The Company Field research
China Universal Asset Management,
Dacheng Fund Management
Ditto
18 Jan. 2010 The Company Field research Nomura Securities Ditto
19 Jan. 2010 The Company Field research Nomura Securities (HK) Ditto
20 Jan. 2010 The Company Field research Harvest Fund Management Ditto
26 Jan. 2010 The Company By telephone First Shanghai Securities Ditto
27 Jan. 2010 The Company By telephone Customer of ABN AMRO Securities Ditto
28 Jan. 2010 The Company Field research
E Fund Management, KGI Securities,
China Galaxy Securities
Ditto6
28 Jan. 2010 The Company Field research BNP Paribas Peregrine Ditto
28 Jan. 2010 The Company By telephone Customer of CICC Ditto
29 Jan. 2010 The Company By telephone Capital Securities Ditto
8 Feb. 2010 The Company Field research CLSA Asia-Pacific Markets Ditto
24 Feb. 2010 The Company Field research
Manulife Teda Fund Management,
Ping An Securities
Ditto
25 Feb. 2010 The Company Field research Standard Chartered Bank Ditto
25 Feb. 2010 The Company Field research GF Securities Ditto
26 Feb. 2010 The Company By telephone Nomura Securities Ditto
26 Feb. 2010 The Company Field research
China Post Fund, First-Trust Fund
Management, UBS SDIC
Ditto
5 Mar. 2010 The Company Field research
Customer of BOC International
(China) Limited
Ditto
8 Mar. 2010 The Company Field research Taikang Asset Management Ditto
11 Mar. 2010 The Company Field research Nikko Asset Management Ditto
23 Mar. 2010 The Company By telephone Customer of CICC Ditto
23 Mar. 2010 The Company By telephone Customer of Shenyin & Wanguo Ditto
24 Mar. 2010 The Company Field research Morgan Stanley and its customer Ditto
25 Mar. 2010 The Company Field research
Dacheng Fund Management, Harvest
Fund Management
Ditto
3.5.3 Other significant events
√Applicable □Inapplicable
(1) In the report period, there existed no provision of capital for the controlling shareholder
or its related parties and no provision of external guarantees in violation of the prescribed
procedure;
(2) In Feb. 2010, the Company reached an agreement with the Russia MNP Group,
intending to acquire 75% equity of Friede Goldman United (“F&G”) at the price of USD 75
million. For more details, please refer to the public notice disclosed on 2 Feb. 2010 (public
notice No.: [CIMC]2010-003). Up until 31 Mar. 2010, the said transaction had not been
concluded.
3.6 Investment in derivative products
√Applicable □Inapplicable
Analysis on risks and control measures of holding
positions of derivatives in the report period (including
but not limited to market risk, liquidity risk, credit
risk, operation risk, law risk, etc.)
By 31 Mar. 2010, main financial instrument held by the Company were
forward exchange or option contract and interest forward-forward swap
contract. Risk of interest forward-forward swap contract was nearly related
to fluctuation of interest rate. Risk of foreign exchange or option contract
related to of risk from interest exchange market and certainty of future cash
flow from foreign currency income. Control measures of derivative
instrument showed in the following: control amount of new derivative
instrument; aimed at derivative transaction, the Company formulated strict
and regular inner examination and approval system and operation process,
and defined procedure of examination and approve to control relevant risks.
Changes of market prices or fair values in the report
period of the invested derivatives, and the analysis on
Gains and losses from fair value changes of derivative financial instrument
was RMB 31,584,000 from Jan.-Mar. 2010. Fair value of derivative7
the fair value of the derivatives should include how to
use, and the relevant assumptions and parameters
financial instrument was defined according to market quote of financial
institution.
Whether significant changes happened to the
Company’s accounting policy and specific accounting
principles of the derivatives in the report period
compared with the last report period
No
Specific opinion from independent directors, sponsors
or financial consultants on the Company’s derivatives
investment and risk control
We are of the opinion that: The Company was able to standardize its
investment in derivative products according to relevant regulations and rules
of regulatory authorities and the principle of prudence. The relevant internal
approval mechanism and operation procedures were complete with effective
risk control.
3.6.1 Positions of derivatives held by the Company at period-end
√Applicable □Inapplicable
Unit: (RMB) Yuan
Type of contract
Contract amount at
period-begin
Contract amount at
period-end
Gain/loss in report
period
Proportion of the
contract amount at
period-end in the
Company’s net assets
at period-end
1. Forward foreign exchange contract 1,469,500,244.47 4,839,652,167.97 39,180,011.52 33.26%
2. Interest rate swaps 2,172,069,289.01 2,370,373,304.01 -13,565,967.54 16.29%
3. Option contracts –JPY 346,401,816.57 346,401,816.57 5,969,956.02 2.38%
Total 3,987,971,350.05 7,556,427,288.56 31,584,000.00 51.93%
§4. Attachment
4.1 Balance sheet
Prepared by China International Marine Containers (Group) Co., Ltd. 31 Mar. 2010 Unit: (RMB) Yuan
Closing balance Opening balance
Items
Consolidation Parent company Consolidation Parent company
Current assets:
Monetary funds 4,788,902,000.00 141,680,000.00 5,269,217,000.00 637,738,000.00
Transaction financial assets 202,748,000.00 0.00 91,772,000.00 0.00
Notes receivable 1,517,036,000.00 0.00 1,690,845,000.00 0.00
Accounts receivable 7,039,281,000.00 0.00 3,862,604,000.00 0.00
Prepayments 2,978,376,000.00 0.00 1,073,559,000.00 0.00
Interest receivable 0.00 0.00 0.00 0.00
Dividend receivable 0.00 4,731,199,000.00 0.00 4,735,874,000.00
Other receivables 1,576,847,000.00 5,238,414,000.00 1,123,489,000.00 5,265,606,000.00
Inventories 10,389,847,000.00 0.00 6,753,566,000.00 0.00
Non-current assets due within 1
year
432,105,000.00 0.00 394,036,000.00 0.008
Other current assets 271,414,000.00 0.00 276,242,000.00 0.00
Total current assets 29,196,556,000.00 10,111,293,000.00 20,535,330,000.00 10,639,218,000.00
Non-current assets:
Financial assets available for
sale
1,150,709,000.00 1,041,407,000.00 1,175,785,000.00 1,052,070,000.00
Investments held to maturity 0.00 0.00 0.00 0.00
Long-term accounts receivable 1,017,986,000.00 0.00 991,942,000.00 0.00
Long-term equity investment 1,310,165,000.00 3,465,965,000.00 1,930,811,000.00 2,978,100,000.00
Investment real estate 61,239,000.00 0.00 75,606,000.00 0.00
Fixed assets 10,060,287,000.00 130,724,000.00 7,695,033,000.00 132,936,000.00
Construction in progress 528,711,000.00 23,312,000.00 573,269,000.00 21,906,000.00
Construction materials 0.00 0.00 0.00 0.00
Fixed assets disposal 0.00 0.00 0.00 0.00
Productive biological assets 0.00 0.00 0.00 0.00
Oil assets 0.00 0.00 0.00 0.00
Intangible assets 3,147,020,000.00 30,964,000.00 2,777,626,000.00 31,249,000.00
Development expenses 0.00 0.00 0.00 0.00
Goodwill 1,469,129,000.00 0.00 1,206,522,000.00 0.00
Long-term deferred expenses 37,668,000.00 7,106,000.00 30,513,000.00 7,770,000.00
Deferred income tax assets 452,816,000.00 0.00 365,946,000.00 0.00
Other non-current assets 0.00 0.00 0.00 0.00
Total of non-current assets 19,235,730,000.00 4,699,478,000.00 16,823,053,000.00 4,224,031,000.00
Total assets 48,432,286,000.00 14,810,771,000.00 37,358,383,000.00 14,863,249,000.00
Current liabilities:
Short-term borrowings 8,391,427,000.00 836,529,000.00 4,157,477,000.00 646,564,000.00
Transaction financial liabilities 159,223,000.00 145,182,000.00 155,036,000.00 145,224,000.00
Notes payable 1,317,967,000.00 0.00 1,226,091,000.00 0.00
Accounts payable 6,970,922,000.00 0.00 4,462,255,000.00 0.00
Accounts received in advance 1,772,155,000.00 0.00 1,270,602,000.00 0.00
Payroll payable 703,648,000.00 231,739,000.00 813,425,000.00 232,286,000.00
Taxes payable 490,135,000.00 240,975,000.00 623,011,000.00 248,814,000.00
Interest payable 20,588,000.00 15,441,000.00 8,844,000.00 3,673,000.00
Dividend payable 23,517,000.00 0.00 31,434,000.00 0.00
Other payables 1,901,418,000.00 22,233,000.00 1,476,903,000.00 26,234,000.00
Estimated liabilities (current) 529,291,000.00 0.00 516,801,000.00 0.00
Non-current liabilities due
within 1 year
432,248,000.00 388,287,000.00 455,472,000.00 393,839,000.00
Other current liabilities 0.00 0.00 0.00 0.00
Total current liabilities 22,712,539,000.00 1,880,386,000.00 15,197,351,000.00 1,696,634,000.00
Non-current liabilities:
Long-term borrowings 7,220,205,000.00 4,879,528,000.00 5,608,560,000.00 5,078,728,000.00
Bonds payable 0.00 0.00 0.00 0.00
Long-term payables 0.00 0.00 0.00 0.009
Special payables 13,898,000.00 0.00 13,639,000.00 0.00
Estimated liabilities 0.00 0.00 41,381,000.00 0.00
Deferred income tax liabilities 612,817,000.00 139,844,000.00 540,722,000.00 136,128,000.00
Other non-current liabilities 117,911,000.00 0.00 130,099,000.00 0.00
Total non-current liabilities 7,964,831,000.00 5,019,372,000.00 6,334,401,000.00 5,214,856,000.00
Total liabilities 30,677,370,000.00 6,899,758,000.00 21,531,752,000.00 6,911,490,000.00
Owners’ equity (or shareholders’
equity):
Paid-in capital (or share capital) 2,662,396,000.00 2,662,396,000.00 2,662,396,000.00 2,662,396,000.00
Capital reserve 1,624,786,000.00 1,013,364,000.00 1,557,703,000.00 1,045,202,000.00
Less: treasury stock 0.00 0.00 0.00 0.00
Surplus reserve 0.00 0.00 0.00 0.00
General risk reserve 0.00 0.00 0.00 0.00
Retained profits 3,577,588,000.00 3,577,588,000.00 3,577,588,000.00 3,577,588,000.00
Undistributed profit 8,583,904,000.00 1,926,178,000.00 8,229,532,000.00 1,932,874,000.00
Foreign exchange difference -1,898,813,000.00 -1,268,513,000.00 -1,829,011,000.00 -1,266,301,000.00
Total equity attributable to owners
of the parent company
14,549,861,000.00 7,911,013,000.00 14,198,208,000.00 7,951,759,000.00
Minority interest 3,205,055,000.00 0.00 1,628,423,000.00 0.00
Total owners’ equity 17,754,916,000.00 7,911,013,000.00 15,826,631,000.00 7,951,759,000.00
Total liabilities and owners’
equity
48,432,286,000.00 14,810,771,000.00 37,358,383,000.00 14,863,249,000.00
4.2 Income Statement
Prepared by China International Marine Containers (Group) Co., Ltd. Jan.-Mar. 2010 Unit: (RMB) Yuan
Amount in this period Amount in the previous period
Items
Consolidation Parent company Consolidation Parent company
Ⅰ. Total operation revenue 7,774,491,000.00 0.00 4,258,608,000.00 30,000.00
Including: operation revenue 7,774,491,000.00 0.00 4,258,608,000.00 30,000.00
Interest income 0.00 0.00 0.00 0.00
Ⅱ. Total operation cost 7,455,228,000.00 25,517,000.00 4,268,949,000.00 48,736,000.00
Including: cost of operation 7,041,582,000.00 0.00 3,589,862,000.00 2,000.00
Interest expenses 0.00 0.00 0.00 0.00
Business taxes and surcharges 6,219,000.00 0.00 3,816,000.00 0.00
Selling expenses 178,374,000.00 0.00 144,472,000.00 0.00
Administrative expenses 487,098,000.00 24,923,000.00 430,538,000.00 23,488,000.00
Financial expenses 113,113,000.00 594,000.00 105,684,000.00 25,246,000.00
Asset impairment loss -371,158,000.00 0.00 -5,423,000.00 0.00
Add: gain/loss from changes in fair value
(“-” for loss)
72,585,000.00 0.00 -79,109,000.00 50,976,000.00
Gain/loss from investment (“-” for
loss)
12,561,000.00 11,332,000.00 653,941,000.00 647,527,000.00
Including: investment gains from 1,290,000.00 0.00 6,380,000.00 0.0010
affiliated enterprises and joint ventures
Gains/losses from foreign exchange
difference (“-” for loss)
0.00 0.00 0.00 0.00
Ⅲ. Operation profit (“-” for loss) 404,409,000.00 -14,185,000.00 564,491,000.00 649,797,000.00
Add: non-business income 113,011,000.00 642,000.00 22,636,000.00 3,255,000.00
Less: non-business expense 1,263,000.00 0.00 745,000.00 0.00
Including: losses from non-current
asset disposal
7,000.00 0.00 130,000.00 0.00
Ⅳ. Total profit (“-” for loss) 516,157,000.00 -13,543,000.00 586,382,000.00 653,052,000.00
Less: income tax expenses 96,655,000.00 -6,847,000.00 144,028,000.00 122,068,000.00
Ⅴ. Net profit (“-” for loss) 419,502,000.00 -6,696,000.00 442,354,000.00 530,984,000.00
Attributable to owners of parent
company
354,372,000.00 -6,696,000.00 418,973,000.00 530,984,000.00
Minority interest 65,130,000.00 0.00 23,381,000.00 0.00
Ⅵ. Earnings per share
(I) Basic earnings per share 0.13 0.00 0.16 0.00
(II) Diluted earnings per share 0.13 0.00 0.16 0.00
VII、Other syntheses income -36,755,000.00 -34,050,000.00 -232,601,000.00 -199,843,000.00
VIII、Total syntheses income 382,747,000.00 -40,746,000.00 209,753,000.00 331,141,000.00
Total syntheses income attributable
to owners of parent company
339,939,000.00 -40,746,000.00 181,234,000.00 331,141,000.00
Total syntheses income attributable
to minority interest
42,808,000.00 0.00 28,519,000.00 0.00
4.3 Cash Flow Statement
Prepared by China International Marine Containers (Group) Co., Ltd. Jan.-Mar. 2010 Unit: (RMB) Yuan
Amount of this period Amount of the previous period
Items
Consolidation Parent company Consolidation Parent company
1. Cash flows from operating activities
Cash received from sales of goods
or rendering of services
6,769,099,000.00 0.00 5,328,294,000.00 0.00
Net increase in disposal of
transaction financial assets
Tax and fare refunded 134,917,000.00 0.00 233,567,000.00 0.00
Other cash received from operating
activities
19,066,000.00 1,500,989,000.00 851,429,000.00 1,612,449,000.00
Sub-total of cash inflows from
operating activities
6,923,082,000.00 1,500,989,000.00 6,413,290,000.00 1,612,449,000.00
Cash paid for goods and services 7,355,835,000.00 0.00 4,551,447,000.00 0.00
Cash paid to and on behalf of
employees
491,153,000.00 15,120,000.00 362,163,000.00 15,437,000.00
Taxes and fares paid 312,519,000.00 8,533,000.00 194,883,000.00 251,000.0011
Other cash paid relating to operating
activities
291,194,000.00 1,461,901,000.00 272,170,000.00 1,370,992,000.00
Sub-total of cash outflows from
operating activities
8,450,701,000.00 1,485,554,000.00 5,380,663,000.00 1,386,680,000.00
Net cash flows from operating
activities
-1,527,619,000.00 15,435,000.00 1,032,627,000.00 225,769,000.00
2. Cash flows from investing activities:
Cash received from return of
investments
12,131,000.00 12,131,000.00 715,433,000.00 715,433,000.00
Cash received from investment
income
0.00 0.00 353,000.00 8,763,000.00
Net cash received from disposal of
fixed assets, intangible assets and other
long-term assets
273,000.00 0.00 71,000.00 0.00
Net cash received from disposal of
subsidiaries and other operating units
0.00 11,298,000.00 0.00 0.00
Other cash received from investing
activities
0.00 16,364,000.00 0.00
Sub-total of cash inflows of
investing activities
12,404,000.00 23,429,000.00 732,221,000.00 724,196,000.00
Cash paid for acquiring fixed assets,
intangible assets and other long-term
assets
319,906,000.00 1,072,000.00 366,473,000.00 6,768,000.00
Cash paid for investments 11,735,000.00 11,735,000.00 207,767,000.00 184,842,000.00
Net cash paid for acquisition of
subsidiaries and other operating units
290,948,000.00 0.00 0.00 0.00
Other cash paid relating to investing
activities
0.00 0.00 0.00 0.00
Sub-total of cash outflows of
investing activities
622,589,000.00 12,807,000.00 574,240,000.00 191,610,000.00
Net cash flows of investing
activities
-610,185,000.00 10,622,000.00 157,981,000.00 532,586,000.00
3. Cash flows of financing activities
Cash received from absorbing
investments
89,999,000.00 0.00 0.00 0.00
Including: Cash received from
minority shareholders of subsidiaries
0.00 0.00 0.00 0.00
Cash received from borrowings 4,039,652,000.00 1,166,557,000.00 2,057,257,000.00 136,772,000.00
Cash received from bonds issuing 0.00 0.00 0.00 0.00
Other cash received relating to
financing activities
0.00 0.00 0.00
Sub-total of cash inflows of
financing activities
4,129,651,000.00 1,166,557,000.00 2,057,257,000.00 136,772,000.0012
Cash paid for settling debts 2,309,869,000.00 1,166,475,000.00 1,704,545,000.00 386,847,000.00
Cash paid for distribution of
dividends or profit or reimbursing
interest
75,800,000.00 20,186,000.00 162,821,000.00 26,744,000.00
Including: dividends or profits paid
to minority shareholders by subsidiaries
0.00 0.00 0.00 0.00
Other cash paid relating to financing
activities
0.00 0.00 0.00 0.00
Sub-total of cash outflows of
financing activities
2,385,669,000.00 1,186,661,000.00 1,867,366,000.00 413,591,000.00
Net cash flows of financing
activities
1,743,982,000.00 -20,104,000.00 189,891,000.00 -276,819,000.00
4. Effect of foreign exchange rate
changes on cash and cash equivalents
-12,203,000.00 -1,953,000.00 -123,671,000.00 -1,636,000.00
5. Net increase of cash and cash
equivalents
-406,025,000.00 4,000,000.00 1,256,828,000.00 479,900,000.00
Add: Opening balance of cash and
cash equivalents
4,396,525,000.00 137,680,000.00 2,822,175,000.00 430,150,000.00
6. Closing balance of ash and cash
equivalents
3,990,500,000.00 141,680,000.00 4,079,003,000.00 910,050,000.00
4.4 Audit report
Audit opinion：The finical statement has not been audited.
