The Third Quarterly Report 2010
1
China International Marine Containers (Group) Co., Ltd.
The Third Quarterly Report 2010
§1 Important Notice
1.1 The Board of Directors, the Board of Supervisor, as well as directors, supervisors and senior
management of China International Marine Containers (Group) Co., Ltd. (hereinafter referred to as
“the Company”) hereby undertake that the information and data contained in this report are free
from false records, misleading statements or significant omission, and we shall assume individual
and joint liabilities for the authentication, accuracy and integrity of the contents in this report.
This report consists of Chinese and English versions and in case of discrepancy between these two
versions, the Chinese version shall prevail.
1.2 No directors, supervisors or senior management have any objection to the authenticity, accuracy
or integrity of the contents of this report.
1.3 All directors except the following directors attended the board meeting personally, at which the
third quarterly report 2010.
Name Title Reason for not attendance
personally Name of procy
Xu Minjie Director Due to business Li Jianhong
Xu Jing’an Independent director Due to business Jin Qingjun
1.4 The third quarterly financial report has not been audited.
1.5 Mr. Fu Yuning, person in charge of the Company, Mai Boliang, Chief Financial Officer and Jin
Jianlong, General Manager of Financial Management Dept. hereby confirm that the Financial
Report enclosed in the Quarterly Report is true and complete.
§2 Company Profile
2.1 Main accounting data and financial indices
Unit: RMB Yuan
As at 30 Sep. 2010 As at 31 Dec. 2009 Increase/decrease (％)
Total assets (Yuan) 58,760,441,000.00 37,358,383,000.00 57.29%
Owners’ equity attributable to shareholders of
listed company (Yuan) 15,661,344,000.00 14,198,208,000.00 10.30%
Share capital (Share) 2,662,396,051.00 2,662,396,051.00 0.00%
Net asset per share attributable to shareholders
of listed company (Yuan/share) 5.8824 5.3329 10.30%
Jul.-Sep. 2010 Increase/decrease
year-on-year (%) Jan.-Sep. 2010 Increase/decrease
year-on-year (%)
Gross revenue (Yuan) 16,939,399,000.00 281.23% 38,177,288,000.00 174.94%
Net profit attributable to shareholders of listed
company (Yuan) 1,412,395,000.00 2,920.00% 2,324,951,000.00 199.70%
Net cash flow arising from operating activities
(Yuan)
-1,084,494,000.00 -686.00% -3,862,232,000.00 -389.64%
Net cash flow per share arising from operating
activities (Yuan/share) -0.4073 -686.00% -1.4507 -389.64%
Basic earnings per share (Yuan/share) 0.5305 2,920.00% 0.8733 199.70%
Diluted Basic earnings per share (Yuan/share) 0.5305 2,920.00% 0.8733 199.70%
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Weighted average return on equity (%) 9.35% 9.73% 15.53% 9.65%
Weighted average return on equity after
deducting non-recurring gains and losses (%) 8.85% 9.82% 13.85% 17.54%
Items of non-recurring gains and losses Amount from the year-begin
to the end of report period Note
Disposal of non-current assets -1,243,000.00
Government subsidies recorded into current gains and losses, excluding
government subsidies with close relationship with the Company’s business and
rationed government grants in line with the united standard and the state policy
51,076,000.00
Gains and losses from changes in fair value due to transaction financial assets and
liabilities, and investment income from disposal of transaction financial assets,
transaction financial liabilities and financial assets available for sale, excluding
valid hedging related to routine operation of the Company
176,308,000.00
Investment income confirmed from equity held before purchase date in progress of
enterprise combination not under the same control realized by more transactions
step by step.
-130,745,000.00
Investment income confirmed from financial transaction available for sales
transferring affiliated enterprises 40,728,000.00
Gains and losses from entrusted investment or financing 312,000.00
Other non-operating income and expenditure 155,088,000.00
Impact on income tax -25,891,000.00
Impacted on minority interest -13,642,000.00
Total 251,991,000.00 -
2.2 Total number of shareholders at the end of the report period and statement on shares held by the
top ten shareholders holding tradable shares
Unit: Share
Total number of shareholders at the end of report period 197,704
Particulars about shares held by the top ten shareholders holding shares not subject to trading moratorium
Full name of shareholders Number of shares not subject to trading
moratorium held at the period-end Type of share
CHINA MERCHANTS (CIMC) INVESTMENT
LIMITED 665,599,037 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 85,403,455 Domestically listed foreign
shares
HTHK/CMG FSGUFP-CMG FIRST STATE CHINA
GROWTH FD 33,330,916 Domestically listed foreign
shares
LONG HONOUR INVESTMENTS LIMITED 25,322,106 Domestically listed foreign
shares
INDUSTRIAL & COMMERCIAL BANK OF
CHINA—E FUND VALUE GROWTH MIXED
SECURITIES INVESTMENT FUND
17,900,000 RMB ordinary shares
Bank of Communication-Bosera Emerging Growth
Fund 16,000,000 RMB ordinary shares
Bank of China—E Fund Shenzhen Stock Exchange 100
Index Stock Fund 14,968,580 RMB ordinary shares
China Merchants Bank Co., Ltd－Everbright Pramerica
New Growth Stock Fund 13,312,936 RMB ordinary shares
TEMPLETON EMERGING MARKETS
INVESTMENT TRUST 12,801,432 Domestically listed foreign
shares
§3 Significant Events
3.1 Significant changes in major accounting data, financial highlights and reasons for these changes
√Applicable □Inapplicable
Along with revival of global economy and ship, demand for dry cargo containers rebounded rapidly.
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Orders of dry cargo containers of the third quarter 2010 was full, price rose accordingly and
profitably improved remarkably. From Jan. to Sep., accumulative sales volume of dry cargo
containers of the Company was 916,300 TEU while that was 15,200 TEU; accumulative sales
volume of refrigeration containers was 58300 TEU, with an increase of 99.50% year-on-year;
accumulative sales volume of special containers was 41,100 TEU, with an increase of 11.45%
year-on-year;
Influenced by seasons, it was estimated that demand for containers in the 4th quarter of 2010 would
turned stagnant. Along with stepwise revival of global economy, it was estimated that demand for
containers would keep increase in 2011.
Owing to prosperity of domestic economy and investment on basic construction since the first half
year of 2010, road transportation vehicles business realized substantial increase over projected, but
sales volume of products in the 3rd quarter of 2010 dropped back. From Jan. to Sep. 2010,
accumulative sales volume of vehicles was 114,500 sets, with an increase of 64.29% year-on-year.
In aspect of marine engineering business, National Energy Administration hold Naming and
Certifying Ceremony of the second batch national energy R&D (Experiment) Centre in Jul. 2010.
National resources offshore oil drilling rig R&D center has located at CIMC. Construction of
marine engineering in progress was successful. From Sep. to Oct. 2010, Yantai Raffles Shipyard
Limited successively successfully finished trial ship of COSLPIONEER and Schahin H200, the two
deep sea semi-submersible drilling platform. It was estimated that the Company would delivered the
first set of semi-submersible drilling platform at late Oct. to the client. SSCVII Project had been
began to construct in Shandong Haiyang, and SSCVII, which was unsymmetrical semi-submersible
offshore platform with integration of maritime heavy derrick, deck goods store and living residence,
was the first ship researched and established by CIMC Raffles
In aspect of energy, chemical and food equipment, up to Sep. 2010, safety hours of LNG Project of
TGE GAS in Zhejiang Ningbo was over 1 million hours.
In Sep. 2010, Shenzhen CIMC Tianda Airport Support Co., Ltd signed long-term frame contract on
purchase of passenger boarding bridge for 5+5 years with ADP and AAS.
As at 30 Sep.
2010/Jan.-Sep.
2010
As at 31 Dec.
2009/Jan.-Sep
. 2009
Increase/d
ecrease
(%)
Reason for change
Transaction monetary assets 506,575 91,772 451.99% New investment on short-term stocks and
Derivative financial instruments transactions
Notes receivable 3,216,064 1,690,845 90.20% Marketing of vehicle groups settled with bills
increased
Accounts receivable 12,548,035 3,862,604 224.86%
Sales scale of containers of the Company
began to revive with substantial increase and
Yantai Raffles Shipyard Limited was brought
into consolidated statement
Prepayment 1,917,527 1,073,559 78.61%
Production of containers of the Company
enlarged, purchase expenses increased and
Yantai Raffles Shipyard Limited was brought
into consolidated statement
Other receivables 2,375,386 1,123,489 111.43% Yantai Raffles Shipyard Limited was brought
into consolidated statement
Inventories 12,100,287 6,753,566 79.17%
Production of containers of the Company
enlarged and Yantai Raffles Shipyard Limited
was brought into consolidated statement
Other current assets 628,431 276,242 127.49% Taxes to be deducted/paid in advance
increased
Non-current assets due within
one year 1,022,338 394,036 159.45% Financing leasing receivable increased
Construction in progress 1,208,521 573,269 110.81% Yantai Raffles Shipyard Limited was brought
into consolidated statement
Short-term borrowings 11,981,041 4,157,477 188.18% Yantai Raffles Shipyard Limited was brought
into consolidated statement
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Accounts payable 11,269,177 4,462,255 152.54%
Production of containers and purchase scales
of the Company improved remarkably and
Yantai Raffles Shipyard Limited was brought
into consolidated statement
Accounts received in advance 2,382,198 1,270,602 87.49%
Mainly because accounts for real estate
received in advance increased compared with
last year.
Non-current liabilities due
within one year 3,203,444 455,472 603.32% Long-term borrowings due within one year
increased
Operating income 38,177,288 13,885,634 174.94%
Containers business of the Company began to
revive with substantial increase and price rose
remarkably.
Operating cost 32,119,642 12,022,410 167.16% Containers business of the Company began to
revive with substantial increase
Sales expenses 1,021,477 464,275 120.02%
Production of containers of the Company
enlarged and Yantai Raffles Shipyard Limited
was brought into consolidated statement
Financial expenses 448,221 149,022 200.78%
Production of containers of the Company
enlarged and Yantai Raffles Shipyard Limited
was brought into consolidated statement
Assets impairment loss 32,009 217,108 -85.26%
The Company withdrew large inventory
falling price reserves at the same period of last
year
Gains and losses from
changes in fair value 144,896 -81,736 277.27%
Income from changes in fair value of
investment on short-term stocks and derivative
financial instruments
Investment income -24,574 1,527,775 -101.61%
The Company gained income from sales of
stocks of China Merchants Bank last year, but
there was no similar income in current period
Non-operating income 214,638 58,391 267.59%
Influence of negative goodwill from
purchasing Yantai Raffles Shipyard Limited
recorded into gains and losses
Net profit attributable to
owners of parent company 2,324,951 775,764 199.70%
Containers business of the Company began to
revive with substantial increase, price rose and
profitability improved remarkably
Cash received from sale of
commodities and rendering
of service
30,326,221 14,913,464 103.35%
Production of containers of the Company
enlarged and Yantai Raffles Shipyard Limited
was brought into consolidated statement
Cash paid for purchase of
commodities and reception of
service
30,098,044 12,409,001 142.55%
Production of containers of the Company
enlarged and Yantai Raffles Shipyard Limited
was brought into consolidated statement
Cash received from
investment income 26,074 6,169 322.66%
Received dividends distributed by Bank of
Communications Schroder, China Merchants
Bank and China Merchants Securities Co., Ltd
Cash paid to investment 425,338 207,653 104.83% Mainly because of more investment on C&C
Truck Co., Ltd and short-term stocks
Net cash paid by
subsidiaries and other
operating business units
419,152 36,038 1063.08% Mainly was cash for purchase of Yantai
Raffles Shipyard Limited
Cash received from
borrowings 14,557,306 4,894,882 197.40% Mainly due to influence of merger of Yantai
Raffles Shipyard Limited
3.2 The progress of significant events and influence, as well as explanation and analysis of relevant
solutions
□Applicable √Inapplicable
3.2.1 Concerning non-standard audit opinions
□Applicable √Inapplicable
3.2.2 Whether the Company provided funds for the controlling shareholder or its related parties or
provided guarantees for external parties in violation of prescribed procedures
□Applicable √Inapplicable
3.2.3 Signing and execution of significant contracts concerning the routine operation
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□Applicable √Inapplicable
3.2.4 Others
√Applicable □Inapplicable
Progress concerning the Stock Option Incentive Scheme:
On 1 Sep. 2010, the Company held the 5th session of the 6th Board of Directors for the year 2010. In
accordance with the feedback from China Securities Regulatory Commission, the Company
reviewed and approved the Stock Option Incentive Scheme (Draft) (Revised) and the Appraisal
Measures for Implementing Stock Option Incentive Scheme at this meeting, and submitted to the
Shareholders’ General Meeting for approval.
For details, please refer to the Public Notice on the Resolution of the 5th Session of the 6th Board of
Directors for the Year 2010 (public notice No. [CIMC] 2010-024) published in Securities Times,
China Securities Journal, Shanghai Securities News and Hong Kong Ta Kung Pao on 2 Sep. 2010.
On 17 Sep. 2010, the Company held the 1st Temporary Shareholders’ General Meeting 2010, at
which the Stock Option Incentive Scheme (Draft) and the Appraisal Measures for Implementing
Stock Option Incentive Scheme were reviewed and approved. For details, please refer to the Public
Notice on the Resolutions of the 1st Temporary Shareholders’ General Meeting 2010 of CIMC
(public notice No. [CIMC] 2010-029) published in Securities Times, China Securities Journal,
Shanghai Securities News and Hong Kong Ta Kung Pao on 18 Sep. 2010.
On 27 Sep. 2010, the Company held the 6th session of the 6th Board of Directors for the year 2010.
The Board of Directors examined and reviewed qualification for granting the stock option and
considered that the incentive object was qualified. The date to grant the stock option incentive
scheme was on 28 Sep. 2010. In view that the Company executed profit distribution plan for 2009
at the rate of RMB 1.2 for every 10 shares in Jun. 2010, the original exercise price was adjusted to
RMB 12.39. For details, please refer to the Public Notice on the Resolutions of the 6th session of the
6th Board of Directors for the Year 2010 of CIMC (public notice No. [CIMC] 2010-030) published
in Securities Times, China Securities Journal, Shanghai Securities News and Hong Kong Ta Kung
Pao on 28 Sep. 2010.
CIMC decided to terminate its acquisition of F&G on 13 Aug. 2010.
The Company believes that the termination of F&G acquisition will not produce any significant
impact on its offshore engineering business. And the Company will, with opportunities arising from
the event that the National Resources Offshore Oil Drilling Rig R&D Center has located in the
Company, continue to strengthen building of the CIMC Offshore Engineering Research Institute,
attract top talents and try to build an internationally leading platform for design and R&D of
offshore engineering equipments. For details, please refer to the Public Notice (public notice No.
[CIMC] 2010-020) published in Securities Times, China Securities Journal, Shanghai Securities
News and Hong Kong Ta Kung Pao on 13 Aug. 2010.
3.3 Fulfillment of commitments made by the Company, shareholders and the actual controller
□Applicable √Inapplicable
3.4 Warnings of possible losses or major changes of the accumulative net profit achieved during the
period from the year-begin to the end of the next report period compared with the same period of
last year, as well as explanation on reasons
√Applicable □Inapplicable
Performance forecast Increase substantially over the same period of the last year
From year-begin to the end of
the next report period Same period of last year Increase/decrease（%）
Estimated accumulative net 239,742.50 -- 287,691.00 95,897.00 Increase 150 -- 200
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profit (RMB 0’000)
Basic earnings per share
(RMB/share) 0.90 -- 1.08 0.36 Increase 150 -- 200
Notes to performance forecast
In 2009, affected by the global financial crisis, the Group’s dry cargo container business was basically
in a production halt and the Company suffered a great loss as a result. Starting from the fourth quarter
of 2009, the recovery of the global economy and the shipping sector gradually picked up the demand
for dry cargo containers and the Company’s factories began to resume their production. In 2010, the
sales volume of dry cargo containers increased significantly. The second and third quarters saw full
orders, rising prices and a considerably-increased profitability.
3.5 Other significant events that need to be explained
3.5.1 Securities investment
√Applicable □Inapplicable
Unit: RMB Yuan
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 Stock G05.SI GoodPack 107,165,545.40 13,500,000 131,393,129.62 27.19% 59,343,171.48
2 Stock 002024 SUNING APPLIANCE 70,910,435.67 5,539,650 88,468,210.50 18.31% 17,557,774.83
3 Stock 000858 WULIANGYE 55,545,932.92 2,073,623 71,187,477.59 14.73% 15,641,544.67
4 Stock 601318 PING AN 48,367,046.70 1,000,000 52,890,000.00 10.94% 4,522,953.30
5 Stock 200581
WEIFU
HIGH-TECHNOLOGY
B
25,544,714.41 3,138,265 40,270,226.83 8.33% 14,725,512.43
6 Stock 000581 WEIFU
HIGH-TECHNOLOGY 24,976,714.19 1,419,710 34,853,880.50 7.21% 9,877,166.31
7 Stock 200012 CSG HOLDING B 12,733,957.84 2,329,385 17,375,964.21 3.60% 4,642,006.37
8 Stock 200625 CHANGAN B 13,630,246.23 2,804,865 16,786,608.62 3.47% 3,156,362.39
9 Stock 000368 Sinotranship H 21,351,047.59 2,996,500 8,475,779.64 1.75% -837,706.11
10 Stock 200418 Little Swan B 4,185,679.11 557,700 6,362,854.91 1.32% 2,177,175.80
Other securities investment held at period-end 13,235,878.55 - 15,183,867.57 3.14% 1,948,308.79
Gains/losses from securities investments sold in
report period - - - - 4,441,729.73
Total 397,647,198.61 - 483,247,999.99 100% 137,195,999.99
Explanation on securities investment
Naught
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
28 Jun. 2010 The Company Field research Morgan Stanley, Fidelity Cash Fund
Business structure, recent
industry, main business status,
investment progress, industry
outlook for 2010
6 Jul. 2010 The Company Field research
Aijian Securities
First Capital Securities
Ditto
7 Jul. 2010 The Company By telephone Taiwan Yuanta Securities Ditto
8 Jul. 2010 The Company Field research Tufton Ocean Fund, Huatai Securities Ditto
12 Jul. 2010 The Company Field research Shanghai Zexi Investment Ditto
13 Jul. 2010 The Company Field research INVESCO Ditto
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14 Jul. 2010 The Company Field research Standard Chartered Bank Ditto
15 Jul. 2010 The Company By telephone Client of Goldman Sachs, TPG Axon Capital Ditto
16 Jul. 2010 The Company Field research TX Investment Ditto
27 Jul. 2010 The Company Field research CITIC Securities Ditto
29 Jul. 2010 The Company Field research JP Morgan Ditto
29 Jul. 2010 The Company Field research GTJA Securities Ditto
30 Jul. 2010 The Company Field research Guosen Securities Ditto
5 Aug. 2010 The Company By telephone Client of BNP Ditto
12 Aug. 2010 The Company By telephone Everbright Pramerica Fund (Taiwan) Ditto
31 Aug. 2010 The Company,
eastern factory Field research Hai Tong Securities, Bank Fund Ditto
3 Sep. 2010 The Company Field research First State Cinda Fund Ditto
6 Sep. 2010 The Company Field research Yimin Securities Ditto
7 Sep. 2010 The Company Field research KGI Capital Asia Limited Ditto
10 Sep. 2010 The Company Field research Macquarie Securities Ditto
13 Sep. 2010 The Company Field research Shenyin & Wanguo Securities Ditto
13 Sep. 2010 The Company Field research Changjiang Securities Ditto
15 Sep. 2010 The Company Field research Fuh Hwa Securities Investment Trust, CPIC Ditto
27 Sep. 2010 Yantai Raffles Field research
Shenyin & Wanguo, Guosen Securities, Ping
An Securities, Essence Securities, Sinolink
Securities, China Merchants Securities, Hai
Tong Securities, E-Fund, GF Securities, Hua
An Fund, Fortune SGAM Fund, Yinhua Fund,
Great Wall Fund, ICBC Credit Suisse,
Fullgoal Fund, China Post Fund, Lombarda
China Fund, Tianhong Fund, Changxin Fund,
Taikang Asset, Pacific Assets, Rising
Investment, Yongjin Asset, Morgan Stanley,
Macquarie Capital Securities, China AMC,
Runhui Investment, Changsheng Fund, CCIG,
Harvest Fund, Galaxy Fund, Penghua Fund
Business structure of the
Company’s marine industry,
recent industry, progress
situation of major orders,
investment progress, industry
outlook for the second of 2010
and 2011
29 Sep. 2010 The Company Field research New silk road
Business structure, recent
industry, main business status,
investment progress, industry
outlook for the second of 2010
and 2011
3.6 Derivatives Investments
√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 30 Sep. 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: carefully select and decide
type and quantity of newly-increased derivative financial
instruments; aimed at derivative transaction, the Company
formulated strict and regular internal examination and approval
system and operation process, and defined procedure of
examination and approval to control relevant risks.
Changes of market prices or fair values in the report period of
the invested derivatives, and the analysis on the fair value of the
derivatives should include how to use, and the relevant
assumptions and parameters
Gains and losses from fair value changes of derivative financial
instrument was RMB 9,337,000 from Jan.-Sep. 2010. Fair value
of derivative financial instrument was defined according to market
quote of financial institution.
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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 6,299,703,566.75 46,778,855.00 40.22%
2. Interest rate swaps 2,172,069,289.01 2,370,373,304.01 -11,507,515.00 15.14%
3. Option contracts –JPY 346,401,816.57 297,266,058.35 -25,934,340.00 1.90%
Total 3,987,971,350.05 8,967,342,929.11 9,337,000.00 57.26%
§4. Attachment
4.1 Balance sheet
Prepared by China International Marine Containers (Group) Co., Ltd. 30 Sep. 2010 Unit: (RMB) Yuan
Closing balance Opening balance
Items
Consolidation Parent company Consolidation Parent company
Current assets:
Monetary funds 5,232,213,000.00 1,500,239,000.00 5,269,217,000.00 637,738,000.00
Transaction financial assets 506,575,000.00 249,473,000.00 91,772,000.00
Notes receivable 3,216,064,000.00 1,690,845,000.00
Accounts receivable 12,548,035,000.00 3,862,604,000.00
Prepayments 1,917,527,000.00 1,073,559,000.00
Interest receivable
Dividend receivable 4,475,616,000.00 4,735,874,000.00
Other receivables 2,375,386,000.00 5,023,392,000.00 1,123,489,000.00 5,265,606,000.00
Inventories 12,100,287,000.00 6,753,566,000.00
Non-current assets due within 1
year 1,022,338,000.00 394,036,000.00
Other current assets 628,431,000.00 276,242,000.00
Total current assets 39,546,856,000.00 11,248,720,000.00 20,535,330,000.00 10,639,218,000.00
Non-current assets:
Financial assets available for
sale 814,668,000.00 806,939,000.00 1,175,785,000.00 1,052,070,000.00
Investments held to maturity
Long-term accounts receivable 1,010,279,000.00 991,942,000.00
Long-term equity investment 1,582,861,000.00 3,498,474,000.00 1,930,811,000.00 2,978,100,000.00
Investment real estate 69,580,000.00 75,606,000.00
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Fixed assets 9,790,533,000.00 126,353,000.00 7,695,033,000.00 132,936,000.00
Construction in progress 1,208,521,000.00 45,591,000.00 573,269,000.00 21,906,000.00
Construction materials
Fixed assets disposal
Productive biological assets
Oil assets
Intangible assets 3,174,389,000.00 23,642,000.00 2,777,626,000.00 31,249,000.00
Development expenses
Goodwill 1,287,276,000.00 1,206,522,000.00
Long-term deferred expenses 26,205,000.00 5,688,000.00 30,513,000.00 7,770,000.00
Deferred income tax assets 249,273,000.00 365,946,000.00
Other non-current assets
Total of non-current assets 19,213,585,000.00 4,506,687,000.00 16,823,053,000.00 4,224,031,000.00
Total assets 58,760,441,000.00 15,755,407,000.00 37,358,383,000.00 14,863,249,000.00
Current liabilities:
Short-term borrowings 11,981,041,000.00 1,756,919,000.00 4,157,477,000.00 646,564,000.00
Transaction financial liabilities 141,529,000.00 180,154,000.00 155,036,000.00 145,224,000.00
Notes payable 1,594,211,000.00 1,226,091,000.00
Accounts payable 11,269,177,000.00 4,462,255,000.00
Accounts received in advance 2,382,198,000.00 1,270,602,000.00
Payroll payable 1,147,874,000.00 214,737,000.00 813,425,000.00 232,286,000.00
Taxes payable 511,607,000.00 49,117,000.00 623,011,000.00 248,814,000.00
Interest payable 39,909,000.00 17,987,000.00 8,844,000.00 3,673,000.00
Dividend payable 33,030,000.00 31,434,000.00
Other payables 1,843,182,000.00 21,654,000.00 1,476,903,000.00 26,234,000.00
Estimated liabilities (current) 482,023,000.00 516,801,000.00
Non-current liabilities due
within 1 year 3,203,444,000.00 3,143,091,000.00 455,472,000.00 393,839,000.00
Other current liabilities
Total current liabilities 34,629,225,000.00 5,383,659,000.00 15,197,351,000.00 1,696,634,000.00
Non-current liabilities:
Long-term borrowings 4,578,434,000.00 2,883,681,000.00 5,608,560,000.00 5,078,728,000.00
Bonds payable
Long-term payables
Special payables 14,260,000.00 13,639,000.00
Estimated liabilities 41,381,000.00
Deferred income tax liabilities 366,237,000.00 110,728,000.00 540,722,000.00 136,128,000.00
Other non-current liabilities 136,711,000.00 130,099,000.00
Total non-current liabilities 5,095,642,000.00 2,994,409,000.00 6,334,401,000.00 5,214,856,000.00
Total liabilities 39,724,867,000.00 8,378,068,000.00 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 1,329,796,000.00 847,824,000.00 1,557,703,000.00 1,045,202,000.00
Less: treasury stock
Surplus reserve
Retained profits 3,577,588,000.00 3,577,588,000.00 3,577,588,000.00 3,577,588,000.00
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General risk reserve
Undistributed profit 10,234,995,000.00 1,706,494,000.00 8,229,532,000.00 1,932,874,000.00
Foreign exchange difference -2,143,431,000.00 -1,416,963,000.00 -1,829,011,000.00 -1,266,301,000.00
Total equity attributable to owners
of the parent company 15,661,344,000.00 7,377,339,000.00 14,198,208,000.00 7,951,759,000.00
Minority interest 3,374,230,000.00 1,628,423,000.00
Total owners’ equity 19,035,574,000.00 7,377,339,000.00 15,826,631,000.00 7,951,759,000.00
Total liabilities and owners’
equity 58,760,441,000.00 15,755,407,000.00 37,358,383,000.00 14,863,249,000.00
4.2 Income Statement of report period
Prepared by China International Marine Containers (Group) Co., Ltd. Jul.-Sep. 2010 Unit: (RMB) Yuan
Amount in this period Amount in the previous period
Items
Consolidation Parent company Consolidation Parent company
. Total Ⅰ operation revenue 16,939,399,000.00 279,000.00 4,443,358,000.00 874,000.00
Including: operation revenue 16,939,399,000.00 279,000.00 4,443,358,000.00 874,000.00
Interest income
Ⅱ. Total operation cost 15,334,812,000.00 7,867,000.00 4,566,266,000.00 18,040,000.00
Including: cost of operation 13,872,913,000.00 14,000.00 3,915,990,000.00 48,000.00
Interest expenses
Business taxes and surcharges 10,281,000.00 6,640,000.00
Selling expenses 463,128,000.00 152,173,000.00
Administrative expenses 789,694,000.00 25,348,000.00 451,612,000.00 30,113,000.00
Financial expenses 196,131,000.00 -17,495,000.00 30,874,000.00 -12,121,000.00
Asset impairment loss 2,665,000.00 8,977,000.00
Add: gain/loss from changes in fair value
(“-” for loss) 58,555,000.00 5,744,000.00 -23,591,000.00 -6,000.00
Gain/loss from investment (“-” for
loss) 32,447,000.00 47,204,000.00 95,212,000.00 273,294,000.00
Including: investment gains from
affiliated enterprises and joint ventures 3,974,000.00 16,959,000.00
Gains/losses from foreign exchange
difference (“-” for loss)
Ⅲ. Operation profit (“-” for loss) 1,695,589,000.00 45,360,000.00 -51,287,000.00 256,122,000.00
Add: non-business income 19,790,000.00 675,000.00 23,812,000.00 1,304,000.00
Less: non-business expense 4,216,000.00 156,000.00 3,094,000.00 104,151,000.00
Including: losses from non-current
asset disposal 1,196,000.00 -56,000.00
Ⅳ. Total profit (“-” for loss) 1,711,163,000.00 45,879,000.00 -30,569,000.00 153,275,000.00
Less: income tax expenses 224,096,000.00 23,856,000.00 15,371,000.00 922,000.00
Ⅴ. Net profit (“-” for loss) 1,487,067,000.00 22,023,000.00 -45,940,000.00 152,353,000.00
Attributable to owners of parent
company 1,412,395,000.00 22,023,000.00 -50,086,000.00 152,353,000.00
Minority interest 74,672,000.00 4,146,000.00
Ⅵ. Earnings per share
(I) Basic earnings per share 0.5305 -0.02
(II) Diluted earnings per share 0.5305 -0.02
VII、Other syntheses income -105,374,000.00 -98,091,000.00 -12,954,000.00 -78,251,000.00
VIII、Total syntheses income 1,381,693,000.00 -76,068,000.00 -58,894,000.00 74,102,000.00
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Total syntheses income attributable to
owners of parent company 1,280,441,000.00 -76,068,000.00 -52,648,000.00 74,102,000.00
Total syntheses income attributable to
minority interest 101,252,000.00 -6,246,000.00
4.3 Income Statement from the year-begin to the end of report period
Prepared by China International Marine Containers (Group) Co., Ltd. Jan.-Sep. 2010 Unit: (RMB) Yuan
Amount in this period Amount in the previous period
Items
Consolidation Parent company Consolidation Parent company
. Total Ⅰ operation revenue 38,177,288,000.00 340,000.00 13,885,634,000.00 1,168,000.00
Including: operation revenue 38,177,288,000.00 340,000.00 13,885,634,000.00 1,168,000.00
Interest income
Ⅱ. Total operation cost 35,472,703,000.00 78,332,000.00 14,236,433,000.00 113,121,000.00
Including: cost of operation 32,119,642,000.00 14,000.00 12,022,410,000.00 273,000.00
Interest expenses
Business taxes and surcharges 29,469,000.00 19,922,000.00
Selling expenses 1,021,477,000.00 464,275,000.00
Administrative expenses 1,821,885,000.00 78,882,000.00 1,363,696,000.00 112,438,000.00
Financial expenses 448,221,000.00 -564,000.00 149,022,000.00 410,000.00
Asset impairment loss 32,009,000.00 217,108,000.00
Add: gain/loss from changes in fair value
(“-” for loss) 144,896,000.00 13,221,000.00 -81,736,000.00 56,929,000.00
Gain/loss from investment (“-” for
loss) -24,574,000.00 145,507,000.00 1,527,775,000.00 1,659,075,000.00
Including: investment gains from
affiliated enterprises and joint ventures 26,556,000.00 63,741,000.00
Gains/losses from foreign exchange
difference (“-” for loss)
Ⅲ. Operation profit (“-” for loss) 2,824,907,000.00 80,736,000.00 1,095,240,000.00 1,604,051,000.00
Add: non-business income 214,638,000.00 30,189,000.00 58,391,000.00 5,875,000.00
Less: non-business expense 9,717,000.00 156,000.00 6,292,000.00 104,151,000.00
Including: losses from non-current
asset disposal 1,243,000.00 7,000.00
Ⅳ. Total profit (“-” for loss) 3,029,828,000.00 110,769,000.00 1,147,339,000.00 1,505,775,000.00
Less: income tax expenses 457,612,000.00 17,817,000.00 285,651,000.00 269,139,000.00
Ⅴ. Net profit (“-” for loss) 2,572,216,000.00 92,952,000.00 861,688,000.00 1,236,636,000.00
Attributable to owners of parent
company 2,324,951,000.00 92,952,000.00 775,764,000.00 1,236,636,000.00
Minority interest 247,265,000.00 85,924,000.00
Ⅵ. Earnings per share
(I) Basic earnings per share 0.8733 0.29
(II) Diluted earnings per share 0.8733 0.29
VII、Other syntheses income -612,183,000.00 -347,884,000.00 -735,945,000.00 -721,203,000.00
VIII、Total syntheses income 1,960,033,000.00 -254,932,000.00 125,743,000.00 515,433,000.00
Total syntheses income attributable to
owners of parent company 1,751,916,000.00 -254,932,000.00 -11,195,000.00 515,433,000.00
Total syntheses income attributable to
minority interest 208,117,000.00 136,938,000.00
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4.4 Cash Flow Statement
Prepared by China International Marine Containers (Group) Co., Ltd. Jul.-Sep. 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 30,326,221,000.00 14,913,464,000.00
Net increase in disposal of
transaction financial assets
Tax and fare refunded 862,403,000.00 448,043,000.00
Other cash received from operating
activities 358,360,000.00 4,757,615,000.00 1,243,394,000.00 4,128,272,000.00
Sub-total of cash inflows from
operating activities 31,546,984,000.00 4,757,615,000.00 16,604,901,000.00 4,128,272,000.00
Cash paid for goods and services 30,098,044,000.00 12,409,001,000.00
Cash paid to and on behalf of
employees 1,796,816,000.00 51,137,000.00 1,160,791,000.00 35,505,000.00
Taxes and fares paid 1,149,744,000.00 233,868,000.00 825,480,000.00 156,640,000.00
Other cash paid relating to operating
activities 2,364,612,000.00 4,470,301,000.00 876,172,000.00 3,467,029,000.00
Sub-total of cash outflows from
operating activities 35,409,216,000.00 4,755,306,000.00 15,271,444,000.00 3,659,174,000.00
Net cash flows from operating
activities -3,862,232,000.00 2,309,000.00 1,333,457,000.00 469,098,000.00
2. Cash flows from investing activities:
Cash received from return of
investments 12,066,000.00 12,066,000.00 1,592,158,000.00 1,607,536,000.00
Cash received from investment
income 26,074,000.00 300,086,000.00 6,169,000.00 91,239,000.00
Net cash received from disposal of
fixed assets, intangible assets and other
long-term assets
5,093,000.00 102,000.00 3,211,000.00
Net cash received from disposal of
subsidiaries and other operating units 11,238,000.00 11,190,000.00
Other cash received from investing
activities 33,080,000.00
Sub-total of cash inflows of
investing activities 43,233,000.00 323,492,000.00 1,645,808,000.00 1,698,775,000.00
Cash paid for acquiring fixed assets,
intangible assets and other long-term
assets
801,583,000.00 4,651,000.00 646,131,000.00 28,830,000.00
Cash paid for investments 425,338,000.00 286,173,000.00 207,653,000.00 389,406,000.00
Net cash paid for acquisition of
subsidiaries and other operating units 419,152,000.00 36,038,000.00
Other cash paid relating to investing
activities 0.00 0.00 0.00 0.00
Sub-total of cash outflows of
investing activities 1,646,073,000.00 290,824,000.00 889,822,000.00 418,236,000.00
Net cash flows of investing
activities -1,602,840,000.00 32,668,000.00 755,986,000.00 1,280,539,000.00
3. Cash flows of financing activities
Cash received from absorbing 405,796,000.00
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investments
Including: Cash received from
minority shareholders of subsidiaries
Cash received from borrowings 14,557,306,000.00 4,867,046,000.00 4,894,882,000.00 436,668,000.00
Cash received from bonds issuing
Other cash received relating to
financing activities
Sub-total of cash inflows of
financing activities 14,963,102,000.00 4,867,046,000.00 4,894,882,000.00 436,668,000.00
Cash paid for settling debts 8,370,667,000.00 3,114,013,000.00 6,274,646,000.00 1,870,226,000.00
Cash paid for distribution of
dividends or profit or reimbursing
interest
709,929,000.00 423,145,000.00 665,656,000.00 480,863,000.00
Including: dividends or profits paid
to minority shareholders by subsidiaries
Other cash paid relating to financing
activities
Sub-total of cash outflows of
financing activities 9,080,596,000.00 3,537,158,000.00 6,940,302,000.00 2,351,089,000.00
Net cash flows of financing
activities 5,882,506,000.00 1,329,888,000.00 -2,045,420,000.00 -1,914,421,000.00
4. Effect of foreign exchange rate
changes on cash and cash equivalents -129,856,000.00 -2,306,000.00 -165,452,000.00 651,000.00
5. Net increase of cash and cash
equivalents 287,578,000.00 1,362,559,000.00 -121,429,000.00 -164,133,000.00
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 4,684,103,000.00 1,500,239,000.00 2,700,746,000.00 266,017,000.00
4.4 Audit report
Audit opinion：has not been audited
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