China International Marine Containers (Group) Co., Ltd.
Report for the Third Quarter of 2012
I. Important Notes
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 will accept,
individually and collectively, the responsibility for factuality, accuracy and completeness of the information set
forth herein.
All directors attended the board session for reviewing this report.
Li Jianhong (principal of the Company), Jin Jianlong (the person in charge of the accounting work and the person
in charge of the accounting organ/the principal of accounting) hereby confirm that the financial statements
enclosed in the quarterly report are factual and complete.
II. Company Profile
(I) Major accounting data and financial indexes
Any retrospective adjustment in previous financial statements?
□ Yes √ No □ Inapplicable
30 Sept. 2012 31 Dec. 2011 Increase/decrease (%)
Total assets (RMB’000) 65,724,428.00 64,361,714.00 2.12%
Owners’ equity attributable to
shareholders of the Company 19,074,588.00 18,633,154.00 2.37%
(RMB’000)
Share capital (Share) 2,662,396,051.00 2,662,396,051.00 0%
Net assets per share
attributable to shareholders of
7.1644 6.9986 2.37%
the Company (RMB
Yuan/share)
YoY increase/decrease YoY increase/decrease
Jul.-Sept. 2012 Jan.-Sept. 2012
(%) (%)
Gross operating revenues
13,336,803.00 -8.13% 40,701,249.00 -20.19%
(RMB’000)
Net profit attributable to
shareholders of the Company 650,624.00 26.64% 1,584,334.00 -52.30%
(RMB’000)
Net cash flow from operating
3,039,456.00 219.01% 932,413.00 129.06%
activities (RMB’000)
Net cash flow per share from
operating activities (RMB 1.1416 219.01% 0.3502 129.06%
Yuan/share)
Basic EPS (RMB Yuan/share) 0.2444 26.64% 0.5951 -52.30%
Diluted EPS (RMB
0.2444 26.64% 0.5937 -52.41%
Yuan/share)
Weighted average ROE (%) 3.47% 0.67% 8.38% -10.79%
Weighted average ROE after
deducting non-recurring gains 3.05% 0.49% 7.81% -11.05%
and losses (%)
1
Items of non-recurring gains and losses
√Applicable □Inapplicable
Amount during Jan.-Sept. 2012
Item Notes
(RMB’000)
Gains and losses on disposal of non-current assets 84,192.00
Government grants recognized in the current year, except for those
acquired in the ordinary course of business or granted at certain quotas or 49,968.00
amounts according to the country’s unified standards
Capital occupation fees received from non-financial enterprises that are
7,344.00
included in current gains and losses
Gains and losses on fair value changes of transactional financial assets and
liabilities, and investment gains on disposal of transactional financial assets
-14,437.00
and liabilities and available-for-sale financial assets, except for the effective
hedging business related to the Company’s normal operation
Other non-operating incomes and expenses besides the items above 17,159.00
Minority interests effects -9,349.00
Income tax effects -28,039.00
Total 106,838.00 --
(II) Total number of shareholders and top 10 shareholders at the period-end
Total number of shareholders 197,195
Particulars about shares held by the top ten shareholders holding tradable shares
Number of tradable shares Type and number of shares
Name of shareholder
held at period-end Type Number
CHINA MERCHANTS (CIMC) Domestically listed foreign
679,927,917 679,927,917
INVESTMENT LIMITED shares
RMB ordinary shares 432,171,843
COSCO CONTAINER
580,491,880 Domestically listed foreign
INDUSTRIES LIMITED 148,320,037
shares
CMBLSA RE FTIF TEMPLETON Domestically listed foreign
91,120,810 91,120,810
ASIAN GRW FD GTI 5496 shares
NEW CHINA LIFE INSURANCE
CO., LTD–DIVIDEND
30,784,900 RMB ordinary shares 30,784,900
DISTRIBUTION–INDIVIDUAL
DIVIDEND-018L-FH002 SHEN
GUOTAI JUNAN
Domestically listed foreign
SECURITIES(HONGKONG) 26,267,086 26,267,086
shares
LIMITED
LONG HONOUR INVESTMENTS Domestically listed foreign
25,322,106 25,322,106
LIMITED shares
MORGAN STANLEY & CO. Domestically listed foreign
17,460,449 17,460,449
INTERNATIONAL PLC shares
BANK OF CHINA–E FUND
SHENZHEN STOCK EXCHANGE 13,816,155 RMB ordinary shares 13,816,155
100 EXCHANGE TRADED FUND
TEMPLETON EMERGING
Domestically listed foreign
MARKETS INVESTMENT 12,801,432 12,801,432
shares
TRUST
BBH A/C VANGUARD
Domestically listed foreign
EMERGING MARKETS STOCK 11,839,498 11,839,498
shares
INDEX FUND
2
III. Significant Events
(I) Significant changes in major accounting data, financial highlights and reasons for these changes
√Applicable □Inapplicable
During Jan.-Sept. 2012, the global economy was still at the bottom, with domestic investment and demand
shrinking continuously, weak foreign demand and all economies in slow growth. But the fourth quarter was
expected to see opportunities to pick up. The second and third quarters saw a relatively busy season of CIMC’s
container business, with some relative growth in both orders and prices for containers. And the fourth quarter was
expected to enter a relatively slack season as usual. For Jan.-Sept. 2012, CIMC accumulatively sold 914,000 TEU
of dry-cargo containers, down 26.24% over the same period of last year; 95,900 TEU of reefer containers, down
27.29% on a year-on-year basis; and 58,300 TEU of special-purposed containers, down 6.27% when compared with
the same period of last year.
The slowdown in economic growth affected the domestic special vehicle market, causing a weak demand, but the
North America market was in a good condition since the beginning of this year. The road transportation vehicle
business of CIMC showed an obvious drop on the year-on-year basis. For Jan.-Sept. 2012, CIMC accumulatively
sold 76,300 units of various vehicles, down 37.71% over the same period of last year. The domestic demand in the
fourth quarter was expected to become stable and have an opportunity to pick up.
The energy, chemical and liquefied food business of CIMC still maintained a strong growth, with the business chain
continuing to improve and relevant engineering projects proceeding smoothly. In August, CIMC Enric acquired,
with the price of EUR 26.502 million, the main assets and some subsidiary shares of Ziemann Group, a German
brewery turn-key project supplier. As the biggest beer equipment producer and supplier in the world, Ziemann
Group is able to provide world-class mash equipment, tank batteries and complete brewery and turn-key projects. In
May 2012, the LNG receiving station storage tank project for the Portugal-based SINES was completed and
delivered. In Sept. 2012, the three storage tank general contracting projects for the CNOOC Ningbo LNG receiving
station were completed mechanically and delivered successfully.
The offshore engineering projects of CIMC in progress proceeded well. In Jul. 2012, the fourth deep-water
semi-submersible drilling platform—“COSL Prospector”—for COSL started building. In August, the deep-water
semi-submersible lifting accommodation platform SSCV 2# independently designed and built by Yantai CIMC
Raffles completed the trial voyage. And CIMC continued to work for new orders.
Significant changes and reasons:
Unit: RMB’000
30 Sept. 30 Sept.
2012/Jan.-Sept. 2011/Jan.-Sept. +/-% Reasons for significant change
2012 2011
Notes receivable 551,734 1,030,528 -46.46% The business downsized.
Construction in progress of
Construction in progress 2,582,689 1,898,330 36.05%
subsidiaries increased.
Notes payable 1,145,361 3,295,226 -65.24% The business downsized.
The dividends for minority
shareholders that had been declared
Dividend payable 872 116,253 -99.25%
but not yet paid last year were paid in
the reporting period.
Bonds payable 5,990,222 3,988,438 50.19% MTN of RMB 2 billion was issued.
Long-term payables 499,387 86,846 475.03% Financing lease payables increased.
Asset impairment loss 123,519 79,270 55.82% Bad-debt provisions increased.
Fair value changes of short-term
Gains/(Losses) on fair value
-9,766 -157,761 93.81% stock investments and derivative
changes
financial instruments
Profit decrease of associates and joint
Investment income -16,632 94,922 -117.52% ventures, as well as loss on short-term
stock investments
Gains/(Losses) on non-current Disposal of intangible assets by
-84,192 270 -31,282.22%
asset disposal subsidiaries
3
Income tax expenses 825,112 1,283,642 -35.72% Profit before tax decreased.
Net cash from disposal of
Disposal of intangible assets by
fixed assets, intangible assets 80,967 9,460 755.89%
subsidiaries
and other long-term assets
Cash paid to acquire some minority
Net cash paid for acquiring
724,651 49,431 1,365.98% interests of the subsidiary CIMC
subsidiaries
OFFSHORE
(II) Progress of significant events and its influence, as well as the analysis and explanation on solutions
1. About non-standard audit opinion
□Applicable √Inapplicable
2. The Company offers capital to the controlling shareholder or its related parties or provides external
guarantees in violation of the prescribed procedures.
□Applicable √Inapplicable
3. Signing and execution of significant contracts concerning routine operation
√Applicable □Inapplicable
On 22 Sept. 2012, CIMC Lease (a subsidiary of the Company) and CMA CGM signed in Shenzhen a container
ship lease contract with leasehold of 12 years. Meanwhile, CIMC Lease also signed container ship building
contracts with Dalian Shipbuilding Industry Co., Ltd. and STX (Dalian) Shipbuilding Co., Ltd., with a total
amount about RMB 5.2 billion. For details, please refer to the public notice disclosed on China Securities Journal,
Shanghai Securities News, Securities Times and Ta Kung Pao (HK) dated 26 Sept. 2012 (Announcement No.
[CIMC] 2012-039).
4. Others
√Applicable □Inapplicable
(1) Particulars about the Company Changing the Stock Exchange Listed with Its Domestically Listed Foreign
Shares & Listing Its Shares for Trading by Introduction on the Main Board of the Stock Exchange of Hong Kong
Ltd. (SEHK):
On 14 Aug. 2012, the Company convened the 13th Session of the 6th Board of Directors for 2012, at which
reviewed and approved the Proposal on the Plan about the Company Changing the Stock Exchange Listed with Its
Domestically Listed Foreign Shares & Listing Its Shares for Trading by Introduction on the Main Board of the
Stock Exchange of Hong Kong Ltd. (SEHK) and relevant proposals; on 30 Aug. 2012, the Company convened the
3rd Special Shareholders’ General Meeting for 2012, at which reviewed and approved relevant proposals.
During the reporting period, the Company finished the preparatory work for the above plans as scheduled and
submitted the overseas listing application materials to CSRC. On 24 Oct. 2012, the Company gained the
Acceptance Letter from CSRC. On 25 Oct. 2012, the Company convened the 16th Session of the 6th Board of
Directors for 2012, at which reviewed and approved relevant proposals on the Company Submitting Listing
Application and Listing Documents to the Stock Exchange of Hong Kong Ltd.. On 26 Oct. 2012, the Company
submitted the listing application and listing documents to the Stock Exchange of Hong Kong Ltd..
(2) Progress of Internal Control Construction
During the reporting period, the Company continued to complete the comprehensive coverage of the internal
control system, which was conducting special guidance or supervision on internal control of partial enterprises
involving in the container, vehicle, logistics service and real estate business, etc..
Besides, the Company deeply carried out four internal control key works: the internal control talent incubation
system, layered preparation of internal control manual, internal control compliance project and E of key risk
4
indicators (KRI) were deployed at year-begin, which all gained the expected progress at the third quarter of 2012.
(III) Commitments of the Company or shareholders with an over 5% shareholding made in or carried
down into the reporting period
□Applicable √Inapplicable
(IV) Predict the 2012 annual operating results
Warnings of possible loss or large-margin change of the accumulated net profit made during the period from the
beginning of the year to the end of the next reporting period compared with the same period of the last year
according to prediction, as well as explanations on the reasons
□Applicable √Inapplicable
(V) Other significant events that need to be explained
1. Securities investment
√Applicable □Inapplicable
Proportion in
Number of
Initial Closing the total Gain/loss in
shares held at
Serial Variety of Code of Abbr. of investment carrying closing the reporting
the
No. securities securities securities amount amount securities period
period-end
(RMB’000) (RMB’000) investment (RMB’000)
(Share)
amount (%)
1 Stock 000858 WLY 92,957.00 2,573,114 87,229.00 31.69% -5,827.00
2 Stock 200625 CAB 14,894.00 5,000,000 11,736.00 4.26% -3,158.00
3 Stock 200581 SWFB 49,896.00 3,000,000 42,666.00 15.5% -5,913.00
Sino-trans
4 Stock 00368 20,248.00 2,996,500 4,289.00 1.56% -343.00
Shipping H
5 Stock G05.SI GoodPack 101,630.00 13,500,000 128,917.00 46.84% 38,196.00
Other securities investments held at the period-end -- 383.00 0.14%
Gain/loss on selling securities in the reporting period -- -- -- -- -24,224.00
Total 279,625.00 -- 275,220.00 100% -1,269.00
2. Investments in derivatives
√Applicable □Inapplicable
By 30 Sept. 2012, main financial instruments held by the Company
were forward foreign exchange contract and interest rate swap
contract. Risk of interest rate swap contract related to risk of interest
Analysis on risks and control measures of holding positions of rate fluctuation. Risk of forward foreign exchange contract related
to risk from interest exchange market and certainty of future cash
derivatives in the report period (including but not limited to flow from foreign currency income. Control measures of derivative
instrument showed in the following: being prudent in selecting
market risk, liquidity risk, credit risk, operation risk, law risk,
derivative financial instruments to invest in; aiming at derivative
etc.) 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 Gains and losses from fair value changes of derivative financial
instrument was RMB -32,721,000 from Jan.-Sept. 2012. Fair value
the invested derivatives, and the analysis on the fair value of of derivative financial instrument was defined according to market
the derivatives should include how to use, and the relevant quote of financial institution.
5
assumptions and parameters
Whether significant changes happened to the Company’s
accounting policy and specific accounting principles of the
No
derivatives in the reporting period compared with the last
reporting period
We are of the opinion that: The Company was able to standardize its
investment in derivative products according to relevant regulations
Specific opinion from independent directors on the and rules of regulatory authorities and the principle of prudence.
Company’s derivatives investment and risk control The relevant internal approval mechanism and operation procedures
were complete with effective risk control.
3. Derivative investments held at the period-end
√Applicable □Inapplicable
Proportion of the contract
Contract amount at Contract amount at Gain/loss in reporting amount at period-end in
Type of contract
period-begin (RMB’000) period-end (RMB’000) period (RMB’000) the Company’s net assets
at period-end
1. Forward foreign
3,931,523.00 4,764,263.00 -42,815.00 24.98%
exchange contract
2. Interest rate swaps 2,677,883.00 1,301,855.00 -8,059.00 6.83%
3. Option contracts –JPY 230,333.00 18,153.00 0%
Total 6,839,739.00 6,066,118.00 -32,721.00 31.8%
4. Researches, visits and interviews received in the reporting period
Main discussion and
Time of reception Place of reception Way of reception Visitor type Visitor materials provided
by the Company
The Company’s
business structure,
profile, main
business, the current
10 Jul. 2012 The Company By phone Institution Kylin Fund
situation of the
industry and outlook
for development in
2012
3 Sept. 2012 The Company Field research Institution Pureheart Fund Ditto
4 Sept. 2012 The Company Field research Institution GF Securities Ditto
BOC International
7 Sept. 2012 The Company Field research Institution Ditto
(China) Limited
10 Sept. 2012 The Company Field research Institution HSBC Ditto
Standard Chartered
12 Sept. 2012 The Company Field research Institution Ditto
Bank
17 Sept. 2012 The Company Field research Institution Merrill Lynch Ditto
Lgnis Asset
19 Sept. 2012 The Company Field research Institution Management Co., Ditto
Ltd.
Institution and small
27 Sept. 2012 The Company Field research Institution Ditto
investors
6
5. Corporate bonds issued
Any corporate bonds issued?
□ Applicable √ Inapplicable
IV. Appendix
(I) Financial statements
Consolidated statements or not?
√ Yes □ No □ Inapplicable
The currency unit for data of the financial statements below is RMB Ten Thousand unless otherwise specified.
1. Consolidated balance sheet
Prepared by China International Marine Containers (Group) Co., Ltd
Unit: RMB ‘000
Item Balance as at 30 Sept. 2012 Balance as at 30 Jun. 2012
Current Assets:
Monetary funds 7,304,535 7,788,126
Settlement reserves
Intra-group lendings
Transactional financial assets 282,770 186,134
Notes receivable 551,734 1,030,528
Accounts receivable 8,115,505 8,110,784
Accounts paid in advance 1,984,989 1,930,496
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract reserves
Interest receivable 8,679 2,020
Dividend receivable
Other accounts receivable 2,854,331 2,709,665
Financial assets purchased under
agreements to resell
Inventories 16,104,039 15,468,352
Non-current assets due within 1 year 3,348,803 2,635,287
Other current assets 945,491 865,633
Total current assets 41,500,876 40,727,025
Non-current assets:
Loans by mandate and advances granted
Available-for-sale financial assets 558,381 571,954
Held-to-maturity investments
Long-term accounts receivable 1,832,345 2,311,235
Long-term equity investment 2,007,310 1,957,187
Investing property 157,866 126,983
Fixed assets 11,170,000 10,885,435
Construction in progress 2,582,689 1,898,330
7
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 3,132,828 3,172,222
R&D expense
Goodwill 1,294,701 1,207,504
Long-term deferred expenses 37,861 34,892
Deferred income tax assets 684,608 704,098
Other non-current assets 764,963 764,849
Total of non-current assets 24,223,552 23,634,689
Total assets 65,724,428 64,361,714
Current liabilities:
Short-term borrowings 8,205,059 8,030,912
Borrowings from Central Bank
Customer bank deposits and due to
banks and other financial institutions
Intra-group borrowings
Transactional financial liabilities 22,324 31,107
Notes payable 1,145,361 3,295,226
Accounts payable 6,178,295 7,328,966
Accounts received in advance 3,104,908 2,662,742
Financial assets sold for repurchase
Handling charges and commissions
payable
Employee’s compensation payable 1,919,039 2,012,608
Tax payable 979,515 916,118
Interest payable 176,918 152,067
Dividend payable 872 116,253
Other accounts payable 3,800,741 3,393,837
Accrued liabilities 844,924 736,179
Reinsurance premiums payable
Insurance contract reserves
Payables for acting trading of securities
Payables for acting underwriting of
securities
Non-current liabilities due within 1 year 1,918,906 2,560,318
Other current liabilities
Total current liabilities 28,296,862 31,236,333
Non-current liabilities:
Trading financial liabilities 91,033 74,836
Long-term borrowings 8,329,413 6,572,585
Bonds payable 5,990,222 3,988,438
Long-term payables 499,387 86,846
Specific payables 9,475 8,940
Estimated liabilities
Deferred income tax liabilities 684,654 581,500
8
Other non-current liabilities 384,976 198,564
Total non-current liabilities 15,989,160 11,511,709
Total liabilities 44,286,022 42,748,042
Owners’ equity (or shareholders’ equity)
Paid-up capital (or share capital) 2,662,396 2,662,396
Capital reserves 838,681 799,261
Less: Treasury stock
Specific reserves
Surplus reserves 2,953,160 2,953,160
Provisions for general risks
Retained profits 13,144,724 12,785,092
Foreign exchange difference -524,373 -566,755
Total equity attributable to owners of the
19,074,588 18,633,154
Company
Minority interests 2,363,818 2,980,518
Total owners’ (or shareholders’) equity 21,438,406 21,613,672
Total liabilities and owners’ (or
65,724,428 64,361,714
shareholders’) equity
Legal representative: Li Jianghong Person-in-charge of the accounting work: Jin Jianrong
Chief of the accounting division: Jin Jianrong
2. Balance sheet of the Company
Prepared by China International Marine Containers (Group) Co., Ltd
Unit: RMB ‘000
Item Balance as at 30 Sept. 2012 Balance as at 30 Jun. 2012
Current Assets:
Monetary funds 1,327,578 430,350
Transactional financial assets 87,229
Notes receivable
Accounts receivable
Accounts paid in advance
Interest receivable
Dividend receivable 3,970,432 5,403,255
Other accounts receivable 8,909,674 6,798,779
Inventories
Non-current assets due within 1 year
Other current assets
Total current assets 14,294,913 12,632,384
Non-current assets:
Available-for-sale financial assets 550,322 564,155
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 5,065,068 4,341,151
Investing property
Fixed assets 135,383 137,642
Construction in progress 7,214 14,457
9
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 16,001 22,246
R&D expense
Goodwill
Long-term deferred expenses 6,173 5,683
Deferred income tax assets 116,452 71,554
Other non-current assets
Total of non-current assets 5,896,613 5,156,888
Total assets 20,191,526 17,789,272
Current liabilities:
Short-term borrowings 705,000 363,009
Transactional financial liabilities 249 21,290
Notes payable
Accounts payable
Accounts received in advance
Employee’s compensation payable 837,486 671,840
Tax payable 96,125 63,652
Interest payable 117,587 133,106
Dividend payable
Other accounts payable 43,581 72,733
Non-current liabilities due within 1 year 1,566,227 1,094,352
Other current liabilities
Total current liabilities 3,366,255 2,419,982
Non-current liabilities:
Long-term borrowings 4,189,100 4,223,180
Trading financial liabilities 90,259 74,836
Bonds payable 5,990,222 3,988,438
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 10,269,581 8,286,454
Total liabilities 13,635,836 10,706,436
Owners’ equity (or shareholders’ equity)
Paid-up capital (or share capital) 2,662,396 2,662,396
Capital reserves 269,225 199,322
Less: Treasury stock
Specific reserves
Surplus reserves 2,953,160 2,953,160
Provisions for general risks
Retained profits 670,909 1,267,958
Foreign exchange difference
10
Total owners’ (or shareholders’) equity 6,555,690 7,082,836
Total liabilities and owners’ (or
20,191,526 17,789,272
shareholders’) equity
Legal representative: Li Jianghong Person-in-charge of the accounting work Jin Jianrong
Chief of the accounting division: Jin Jianrong
3. Consolidated income statement for the reporting period
Prepared by China International Marine Containers (Group) Co., Ltd
Unit: RMB ‘000
Item Jul.-Sept. 2012 Jul.-Sept. 2011
I. Total operating revenues 13,336,803 14,516,468
Including: Sales income 13,336,803 14,516,468
Interest income
Premium income
Handling charge and commission
income
II. Total operating cost 12,436,534 13,706,610
Including: Cost of sales 10,675,179 12,108,909
Interest expenses
Handling charge and commission
expenses
Surrenders
Net claims paid
Net amount withdrawn for the
insurance contract reserve
Expenditure on policy dividends
Reinsurance premium
Taxes and associate charges 92,607 120,507
Selling and distribution expenses 456,955 486,920
Administrative expenses 931,329 839,913
Financial expenses 131,959 144,800
Asset impairment loss 148,505 5,561
Add: Gain/(loss) from change in fair value
5,168 -69,505
(“-” means loss)
Gain/(loss) from investment (“-”
-13,110 23,715
means loss)
Including: share of profits in
1,545 -2,897
associates and joint ventures
Foreign exchange gains (“-” means
loss)
III. Business profit (“-” means loss) 892,327 764,068
Add: non-operating income 104,551 96,838
Less: non-operating expense 7,159 14,684
Including: loss from non-current
-79,487 -6,771
asset disposal
IV. Total profit (“-” means loss) 989,719 846,222
Less: Income tax expense 339,739 259,524
V. Net profit (“-” means loss) 649,980 586,698
11
Including: Net profit achieved by
combined parties before the combinations
Attributable to owners of the
650,624 513,778
Company
Minority shareholders’ income -644 72,920
VI. Earnings per share -- --
(I) Basic earnings per share 0.2444 0.1930
(II) Diluted earnings per share 0.2444 0.1930
VII. Other comprehensive incomes -24,049 -173,502
VIII. Total comprehensive incomes 625,931 413,196
Attributable to owners of the
629,746 366,807
Company
Attributable to minority shareholders -3,815 46,389
Legal representative: Li Jianghong Person-in-charge of the accounting work Jin Jianrong
Chief of the accounting division: Jin Jianrong
4. Income statement of the Company for the reporting period
Prepared by China International Marine Containers (Group) Co., Ltd
Unit: RMB ‘000
Item Jul.-Sept. 2012 Jul.-Sept. 2011
I. Total sales 197,445
Less: cost of sales -1 1
Business taxes and surcharges 15,513 3,888
Distribution expenses
Administrative expenses 174,444 81,168
Financial costs 68,704 75,652
Impairment loss
Add: gain/(loss) from change in fair
-3,570 -16,725
value (“-” means loss)
Gain/(loss) from investment (“-”
626,409 245,428
means loss)
Including: income form investment
on associates and joint ventures
II. Business profit (“-” means loss) 561,624 67,994
Add: non-business income 50,912 166
Less: non-business expense 248
Including: loss from non-current
-50,532 148
asset disposal
III. Total profit (“-” means loss) 612,536 67,912
Less: income tax expense -19,834 -3,476
IV. Net profit (“-” means loss) 632,370 71,388
V. Earnings per share -- --
(I) Basic earnings per share
(II) Diluted earnings per share
VI. Other comprehensive income -47,183 -104,422
VII. Total comprehensive income 585,187 -33,034
Legal representative: Li Jianghong Person-in-charge of the accounting work Jin Jianrong
12
Chief of the accounting division: Jin Jianrong
5. Consolidated income statement from 1 Jan. 2012 to 30 Sept. 2012
Prepared by China International Marine Containers (Group) Co., Ltd
Unit: RMB ‘000
Item Jan.-Sept. 2012 Jan.-Sept. 2011
I. Total operating revenues 40,701,249 50,994,566
Including: Sales income 40,701,249 50,994,566
Interest income
Premium income
Handling charge and commission
income
II. Total operating cost 38,343,400 46,437,877
Including: Cost of sales 33,688,776 41,608,809
Interest expenses
Handling charge and commission
expenses
Surrenders
Net claims paid
Net amount withdrawn for the
insurance contract reserve
Expenditure on policy dividends
Reinsurance premium
Taxes and associate charges 254,958 193,661
Selling and distribution expenses 1,320,711 1,455,511
Administrative expenses 2,587,038 2,555,864
Financial expenses 368,398 544,762
Asset impairment loss 123,519 79,270
Add: Gain/(loss) from change in fair
-9,766 -157,761
value (“-” means loss)
Gain/(loss) from investment (“-”
-16,632 94,922
means loss)
Including: share of profits in
-8,550 25,842
associates and joint ventures
Foreign exchange gains (“-” means
loss)
III. Business profit (“-” means loss) 2,331,451 4,493,850
Add: non-operating income 181,582 199,851
Less: non-operating expense 30,263 29,960
Including: loss from non-current
-84,192 270
asset disposal
IV. Total profit (“-” means loss) 2,482,770 4,663,741
Less: Income tax expense 825,112 1,283,642
V. Net profit (“-” means loss) 1,657,65 3,380,099
Including: Net profit achieved by
combined parties before the combinations
Attributable to owners of the Company 1,584.334 3,321,407
Minority shareholders’ income 73,324 58,692
VI. Earnings per share -- --
13
(I) Basic earnings per share 0.5951 1.2475
(II) Diluted earnings per share 0.5937 1.2475
VII. Other comprehensive incomes 11,230 -124,309
VIII. Total comprehensive incomes 1,668,888 3,255,790
Attributable to owners of the
1,610,487 3,160,854
Company
Attributable to minority shareholders 58,401 94,936
Legal representative: Li Jianghong Person-in-charge of the accounting work Jin Jianrong
Chief of the accounting division: Jin Jianrong
6. Income statement of the Company from 1 Jan. 2012 to 30 Sept. 2012
Prepared by China International Marine Containers (Group) Co., Ltd
Unit: RMB ‘000
Item Jan.-Sept. 2012 Jan.-Sept. 2011
I. Total sales 197,678 700
Less: cost of sales 16 40
Business taxes and surcharges 27,460 3,888
Distribution expenses
Administrative expenses 451,521 366,716
Financial costs 176,015 39,499
Impairment loss
Add: gain/(loss) from change in fair
-112 -25,444
value (“-” means loss)
Gain/(loss) from investment (“-”
990,987 468,132
means loss)
Including: income form investment
on associates and joint ventures
II. Business profit (“-” means loss) 533,541 33,245
Add: non-business income 52,994 1,352
Less: non-business expense 322 558
Including: loss from non-current
-51,851 -460
asset disposal
III. Total profit (“-” means loss) 586,213 34,039
Less: income tax expense -41,440 -41,163
IV. Net profit (“-” means loss) 627,653 75,202
V. Earnings per share -- --
(I) Basic earnings per share
(II) Diluted earnings per share
VI. Other comprehensive income -10,374 -119,575
VII. Total comprehensive income 617,279 -44,373
Legal representative: Li Jianghong Person-in-charge of the accounting work Jin Jianrong
Chief of the accounting division: Jin Jianrong
7. Consolidated cash flow statement from 1 Jan. 2012 to 30 Sept. 2012
Prepared by China International Marine Containers (Group) Co., Ltd
Unit: RMB ‘000
14
Item Jan.-Sept. 2012 Jan.-Sept. 2011
I. Cash flows from operating activities:
Cash received from sale of commodities
42,029,179 47,167,914
and rendering of service
Net increase of deposits from customers
and dues from banks
Net increase of loans from the central
bank
Net increase of funds borrowed from
other financial institutions
Cash received from premium of original
insurance contracts
Net cash received from reinsurance
business
Net increase of deposits of policy
holders and investment fund
Net increase of disposal of tradable
financial assets
Cash received from interest, handling
charges and commissions
Net increase of intra-group borrowings
Net increase of funds in repurchase
business
Tax refunds received 2,015,402 3,056,116
Other cash received relating to operating
236,587 287,509
activities
Subtotal of cash inflows from operating
44,281,168 50,511,539
activities
Cash paid for goods and services 37,088,390 45,793,215
Net increase of customer lendings and
advances
Net increase of funds deposited in the
central bank and amount due from banks
Cash for paying claims of the original
insurance contracts
Cash for paying interest, handling
charges and commissions
Cash for paying policy dividends
Cash paid to and for employees 3,145,453 2,921,448
Various taxes paid 1,815,223 1,858,137
Other cash payment relating to operating
1,299,689 3,147,419
activities
Subtotal of cash outflows from operating
43,348,755 53,720,219
activities
Net cash flows from operating activities 932,413 -3,208,680
II. Cash flows from investing activities:
Cash received from withdrawal of
70,853
investments
Cash received from return on
32,427 34,405
investments
Net cash received from disposal of fixed
assets, intangible assets and other 80,967 9,460
long-term assets
15
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to investing
activities
Subtotal of cash inflows from investing
113,394 114,718
activities
Cash paid to acquire fixed assets,
1,515,324 1,560,867
intangible assets and other long-term assets
Cash paid for investment 423,579 419,529
Net increase of pledged loans
Net cash paid to acquire subsidiaries and
724,651 49,431
other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from investing
2,663,554 2,029,827
activities
Net cash flows from investing activities -2,550,160 -1,915,109
III. Cash Flows from Financing Activities:
Cash received from capital contributions 41,266
Including: Cash received from minority
41,266
shareholder investments by subsidiaries
Cash received from borrowings 23,302,237 27,981,767
Cash received from issuance of bonds
Other cash received relating to financing
activities
Subtotal of cash inflows from financing
23,343,503 27,981,767
activities
Repayment of borrowings 19,976,795 19,474,509
Cash paid for interest expenses and
1,979,418 1,654,201
distribution of dividends or profit
Including: dividends or profit paid by
subsidiaries to minority shareholders
Other cash payments relating to
19,126
financing activities
Sub-total of cash outflows from financing
21,975,339 21,128,710
activities
Net cash flows from financing activities 1,368,164 6,853,057
IV. Effect of foreign exchange rate
40,960 6,836
changes on cash and cash equivalents
V. Net increase in cash and cash
-208,623 1,736,104
equivalents
Add: Opening balance of cash and cash
6,563,253 3,797,415
equivalents
VI. Closing balance of cash and cash
6,354,630 5,533,519
equivalents
Legal representative: Li Jianghong Person-in-charge of the accounting work Jin Jianrong
Chief of the accounting division: Jin Jianrong
8. Cash flow statement of the Company from 1 Jan. 2012 to 30 Sept. 2012
Prepared by China International Marine Containers (Group) Co., Ltd
Unit: RMB ‘000n
16
Item Jan.-Sept. 2012 Jan.-Sept. 2011
I. Cash flows from operating activities:
Cash received from sale of commodities
12,472,561 7,019,830
and rendering of service
Tax refunds received
Other cash received relating to operating
activities
Subtotal of cash inflows from operating
12,472,561 7,019,830
activities
Cash paid for goods and services
Cash paid to and for employees 88,040 78,502
Various taxes paid 44,845 27,165
Other cash payment relating to operating
14,687,550 10,618,731
activities
Subtotal of cash outflows from operating
14,820,435 10,724,398
activities
Net cash flows from operating activities -2,347,874 -3,704,568
II. Cash flows from investing activities:
Cash received from retraction of
45,853
investments
Cash received from return on
2,404,727 267,251
investments
Net cash received from disposal of fixed
assets, intangible assets and other 58,618 1,975
long-term assets
Net cash received from disposal of
4,217
subsidiaries or other business units
Other cash received relating to investing
activities
Subtotal of cash inflows from investing
2,467,562 315,079
activities
Cash paid to acquire fixed assets,
8,667 35,463
intangible assets and other long-term assets
Cash paid for investment 844,471 321,764
Net cash paid to acquire subsidiaries and
other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from investing
853,138 357,227
activities
Net cash flows from investing activities 1,614,424 -42,148
III. Cash flows from financing activities:
Cash received from capital
contributions
Cash received from borrowings 4,292,130 8,782,083
Cash received from issuance of bonds
Other cash received relating to
financing activities
Subtotal of cash inflows from financing
4,292,130 8,782,083
activities
Repayment of borrowings 1,071,165 4,026,511
Cash paid for interest expenses and
1,575,227 1,099,505
distribution of dividends or profit
17
Other cash payments relating to
19,126
financing activities
Sub-total of cash outflows from financing
2,665,518 5,126,016
activities
Net cash flows from financing activities 1,626,612 3,656,067
IV. Effect of foreign exchange rate
3,947 -1,477
changes on cash and cash equivalents
V. Net increase in cash and cash
897,109 -92,126
equivalents
Add: Opening balance of cash and
427,874 417,461
cash equivalents
VI. Closing balance of cash and cash
1,324,983 325,335
equivalents
Legal representative: Li Jianghong Person-in-charge of the accounting work Jin Jianrong
Chief of the accounting division: Jin Jianrong
18
