SHENZHEN CHIWAN PETROLEUM SUPPLY BASE CO., LTD.
FULL TEXT OF FIRST QUARTERLY REPORT OF 2014
PartⅠImportant Notice
Ⅰ
The directors, supervisors and senior management guarantee that there are no omissions, misstatement, or
misleading information in this quarterly report. The directors, supervisors and senior management are responsible,
individually and jointly, for the authenticity, accuracy and integrity of the information herein.
All directors attended the board meeting.
Mr. Tian Junyan, Chairman of the Board, Mdm. Yu Zhongxia, Deputy General Manager &Financial Controller
and Mdm. Sun Yuhui, Financial Manager, all guarantee the authenticity and integrity of the financial result in this
report.
The report is written in both Chinese and English. In case of conflict between the two versions, Chinese version
shall prevail.
1
PARTⅡMajor Accounting Data and Change of Shareholders
Ⅱ
ⅠⅠⅠⅠ
. Major Accounting Data
Retroactive Adjustment
□ Yes √ No
January to March, 2014 January to March, 2013 Change %） （
Operating Revenue(RMB) 159,887,788.95 152,613,510.49 4.77%
Net Profit Attributed to Shareholders of
47,678,424.98 42,813,338.87 11.36%
Listed Company (RMB)
Net profit after deducting
45,565,871.51 41,156,705.09 10.71%
non-recurring gains& losses(RMB)
Net Cash Flows from Operating
67,329,683.35 88,103,110.20 -23.58%
Activities(RMB)
Basic Earnings per Share (RMB/Share) 0.21 0.19 10.53%
Diluted Earnings per Share
N/A N/A N/A
(RMB/Share)
Weighted Average Return on Equity
3.19% 3.27% -0.08 percentage points
%
） （
March 31, 2014 December 31, 2013 Change %） （
Total Assets(RMB) 4,561,276,317.16 4,501,064,624.96 1.34%
Owner’s Equity Attributed to
Shareholders of Listed 1,521,030,334.65 1,472,986,548.28 3.26%
Company(RMB)
Items of Non-recurring Gains and Losses
√ Applicable Inapplicable
□
Item Amount
Disposal of non-current assets, including the part offset with the provision for
136,399.46
impairment of assets
Government grants recognized in current year’s profit or loss (except for the
fixed or quantitative government grants closely related to the enterprise 1,591,348.22
businesses according to the national unified standard)
Other non-operating revenue and expenditure excluding the above-mentioned
1,926,396.48
items
Less: Influence on income tax 913,536.04
Influence on minority interest (after tax) 628,054.65
Total 2,112,553.47
For the Company‘s non-recurring gain/loss items as defined in the Explanatory Announcement No. 1 on
Information Disclosure for Companies Offering their Securities to the Public – Non-recurring Gains and Losses
and its non-recurring gain/loss items as illustrated in the Explanatory Announcement No. 1 on Information
Disclosure for Companies Offering their Securities to the Public – Non-recurring Gains and Losses which have
been defined as recurring gains and losses, it is necessary to explain the reason.
□ Applicable √ Inapplicable
2
ⅡⅡⅡⅡ
. Number of Shareholders and Shares Held by Top Ten Shareholders
Total Shareholders 7,105
Top Ten Shareholders
Total Impawned or
Ratio Non-trada
Name full name
（ ） Nature shares Frozen Shares
）％（ ble shares
held Status Shares
CHINA NANSHAN DEVELOPMENT Domestic Legal
51.79% 119,420,000 119,420,000
(GROUP) INCORPORATION Person
Foreign Legal
China Logistics Holding(12) PTE.LTD. 19.9% 45,890,000 0
Person
CHINA MECHANTS SECURITIES State-owned
1.45% 3,347,168 0
(HONGKONG) LTD Legal Person
Foreign Legal
MATTHEWS CHINA DIVIDEND FUND 0.81% 1,861,968 0
Person
GUOTAI JUNAN SECURITIES(HONGKONG) Foreign Legal
0.5% 1,164,042 0
LIMITED Person
Foreign Legal
GREENWOODS CHINA ALPHA MASTER FUND 0.43% 984,693 0
Person
Foreign Legal
DEUTSCHE BANK AG LONDON 0.36% 833,136 0
Person
VANGUARD TOTAL INTERNATIONAL STOCK Foreign Legal
0.33% 756,136 0
INDEX FUND Person
Domestic
LI SHU CHUN 0.3% 681,720 0
Natural Person
CHINA INT'L CAPITAL CORP HONG KONG Foreign Legal
0.27% 621,089 0
SECURITIES LTD Person
Top Ten Tradable Shareholders
Type and Amount
Name full name
（ ） Shares Held
Type Amount
China Logistics Holding(12) PTE.LTD. 45,890,000 B 45,890,000
CHINA MECHANTS SECURITIES (HONGKONG) LTD 3,347,168 B 3,347,168
MATTHEWS CHINA DIVIDEND FUND 1,861,968 B 1,861,968
GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED 1,164,042 B 1,164,042
GREENWOODS CHINA ALPHA MASTER FUND 984,693 B 984,693
DEUTSCHE BANK AG LONDON 833,136 B 833,136
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND 756,136 B 756,136
LI SHU CHUN 681,720 B 681,720
CHINA INT'L CAPITAL CORP HONG KONG SECURITIES LTD 621,089 B 621,089
LI MING YA 599,380 B 599,380
Among the top ten shareholders, the domestic legal
entity shareholder, China Nanshan Development
(Group) Incorporation has no affiliated relations
with other shareholders and does not fall into the
Explanation for the Affiliated Relations or United Action of scope of united action person stipulated by
the Top Ten Shareholders “Regulation of Information Disclosure of the
Change of Shareholding of listed company”. It is
unknown that whether other tradable-share
shareholders fall into the scope of united action
person.
3
Part Ⅲ Significant Events
ⅠⅠⅠⅠ
. Explanation on the Significant Changes for Main Accounting Data and Financial Indicators.
Unit: RMB
st st
1 Quarter of 1 Quarter of
No. Items Change% Causes of Difference
2014 2013
Cash and Cash Mainly due to expiration of bank
1 382,066,477.32 233,332,680.86 63.74%
Equivalents financing products
Mainly due to deferred payments
2 Accounts Receivable 81,636,416.08 55,359,989.14 47.46%
from oil logistics service agreements.
Accounts Mainly due to prepayment of oil
3 1,008,237.88 552,431.59 82.51%
Prepayment logistics service equipment
Mainly due to interest receive of bank
4 Interest Receivable - 4,797,363.01 -100.00%
financing products
Dividends Mainly due to dividends received
5 - 48,000,000.00 -100.00%
Receivable from CSE
Mainly due to expiration of bank
6 Other Current Assets 345,000,000.00 547,610,000.00 -37.00%
financing products
Other Non-Current Mainly due to increase of project
7 73,506,854.81 17,273,362.26 325.55%
Assets prepayment
8 Selling Expenses 3,600.00 7,506.50 -52.04% Mainly due to decrease of agent fee
Mainly due to increase from bank
9 Equity Earnings 19,662,522.69 12,872,388.83 52.75% financing products and affiliated
company investment
Non-operating Mainly due to increase of government
10 3,491,657.06 2,221,569.94 57.17%
Income subsidy to Blogis
Mainly due to income increase and
Income Tax
11 13,494,451.78 7,738,022.62 74.39% income tax policy adjustment of
Expenses
Shanghai Baowan
Cash from Sales of Mainly due to collective payment of
12 28,157,569.66 20,508,188.92 37.30%
Goods & Services 2013 financial year
Cash paid for Other
Mainly due to increase of tender
13 Operating-related 9,409,359.88 5,718,458.67 64.54%
deposit compensation
Activities
Cash paid for Other
Mainly due to decrease of bank
14 Invest-related 733,990,000.00 1,141,302,690.00 -35.69%
financing products purchase
Activities
Cash received from Mainly due to increase of bank
15 35,794,222.61 16,458,261.00 117.48%
Borrowings borrowing
Mainly due to decrease of bank
16 Debt Redemption 100,000.00 2,200,000.00 -95.45%
repayment
ⅡⅡⅡⅡ
. Significant Event and its Impact
The Company is planning for a significant event. The Company’s current shares will be suspended for trading
since April 22, 2014 and will be restored as soon as related affairs were determined and disclosed.
Summary Disclosure Date Announcement Index
Stock Suspension April 22, 2014 www.cninfo.com.cn
4
ⅢⅢⅢⅢ
. Fulfillment of Commitment by Shareholders with More than 5% Shares
Commit
Promisee Content Beginning Deadline Status
ments
Nanshan Subsisting contract
to land use 1997-7-18 On duty
Group period
Nanshan to resolve payment difficulties in Subsisting contract
2012-5-11 On duty
Group opening the Finance Limited period
Other to provide regular monthly financial
The Subsisting contract
Commit reports to the controlling 2007-10-25 On duty
Company period
ments shareholder
The About the issue of "medium-term Subsisting contract
2012-3-7 On duty
Company notes for 2012" Commitment period
The About the issue of "12 base debt" Subsisting contract
2012-12-17 On duty
Company commitment period
Fulfill
commit
Yes
ments
timely
The details were published on Securities Times, Hong Kong Commercial Daily and website of
http://www.cninfo.com.cn on February 25, 2014.
ⅣⅣⅣⅣ
. Prediction of Business Performance for the first half year of 2014
Prediction and explanation on important changes of profit in next report period
Applicable
□ √Inapplicable
ⅤⅤⅤⅤ
. Stock Investment
Stock investment
□ Applicable √Inapplicable
VI. Investment of Financial Derivatives
□ Applicable √Inapplicable
VII. Reception of Investors and Medias
Time Location Method Type of Visitors Visitor Topics Discussed
Business operation and
Cederberg Capital UK
January 20, development of logistics
Shenzhen Field Research Institution LLP;Yuanhao Capital
2014 parks. Providing Company
Management
brochures.
Business operation and
February 18, Greenwoods Asset development of logistics
Shenzhen Field Research Institution
2014 Management parks. Providing Company
brochures.
5
Part Ⅳ Financial Statements
ⅠⅠⅠⅠ
. Financial Statements
1. Balance Sheet
Consolidated (Mar 31 2014) Currency: RMB
Items Ending Balance Beginning Balance
Current Assets:
Cash and Cash Equivalents 382,066,477.32 233,332,680.86
Deposit Reservation for Balance
Lendings to Banks and Other Financial
Institutions
Held for Trading Financial Assets
Notes receivable
Accounts Receivable 81,636,416.08 55,359,989.14
Accounts Prepayment 1,008,237.88 552,431.59
Insurance Premium Receivable
Reinsurance Accounts Receivable
Reinsurance Reserve Receivable
Accrued Interest Receivable 4,797,363.01
Dividend Receivable 48,000,000.00
Other Receivables 58,799,296.24 61,658,096.81
Redemptory Monetary Capital for Sale
Inventories 961,414.29 996,356.55
Current Portion of Non-current Assets
Other Current Assets 345,000,000.00 547,610,000.00
Sub-total Current Assts 869,471,841.81 952,306,917.96
Non-current Assets
Disbursement of Entrust Loans and Advance
Financial Assets Available for Sale
Held-to-maturity Investment
Long-term Accounts Receivable
Long-term Investment on Stocks 489,649,740.03 476,253,695.39
Investment Real Estate 903,094,502.79 904,216,455.40
Fixed Assets 507,334,446.83 516,378,454.46
Construction-in-progress 469,985,065.67 376,118,459.02
Engineer Material
Liquidation of Fixed Assets 12,641.47
Capitalized Biological Assets
Oil and Gas Assets
Intangible Assets 1,232,891,572.17 1,242,104,033.52
Development Expenditure
Goodwill
Long-term Deferred Expenses
Deferred Income Tax Assets 15,329,651.58 16,413,246.95
Other Non-current Assets 73,506,854.81 17,273,362.26
6
Sub-total Non-current Assets 3,691,804,475.35 3,548,757,707.00
Total Assets 4,561,276,317.16 4,501,064,624.96
Current Liabilities
Short-term Loans
Borrowing from the Central Bank
Accept Money Deposits and Call Loans from
Banks
Other Financial Institutions
Transactional Monetary Liabilities)
Notes Payable
Accounts Payable 12,134,263.46 10,629,691.02
Down payment Received 5,857,967.84 6,130,153.26
Financial Assets Sold for Repurchase
Commission Payable
Payroll Payable 20,943,021.50 29,173,650.77
Tax Payable 57,213,219.58 47,821,808.03
Accrued Interest Payable 26,433,300.21 28,339,479.77
Dividend Payable
Other Payables 205,597,167.85 235,814,254.97
Dividend Payable for Reinsurance
Reserves for Insurance Contract
Acting Trading Securities
Acting Underwriting Securities
Current Portion of Non-current Liabilities 310,949,351.16 311,049,351.16
Other Non-current Liabilities
Sub-total Current Liabilities 639,128,291.60 668,958,388.98
Non-current Liabilities
Long-term Loans 221,237,870.57 185,443,647.96
Bonds Payable 964,566,000.00 964,195,500.00
Long-term Accounts Payable 212,011,691.49 212,011,691.49
Special Accounts Payable
Accrued liabilities
Deferred Income Tax Liabilities
Other Non-current Liabilities 718,728,922.87 719,066,260.66
Sub-total Non-current Liabilities 2,116,544,484.93 2,080,717,100.11
Total Liabilities 2,755,672,776.53 2,749,675,489.09
Owner's Equity( Shareholders’ Equity)
Paid-in Capital (Capital Stock) 230,600,000.00 230,600,000.00
Capital Reserves 234,141,186.09 234,141,186.09
Less : Treasury Stock
Special Reserves 2,988,092.20 2,622,730.81
Surplus Reserves 284,684,747.72 284,684,747.72
General Risk Reserve
Retained Earnings 768,616,308.64 720,937,883.66
Translation Reserve
7
Total Chiwan Base Shareholders’ Equity 1,521,030,334.65 1,472,986,548.28
Non-controlling interests 284,573,205.98 278,402,587.59
Total Shareholders’ Equity 1,805,603,540.63 1,751,389,135.87
Total Liabilities and Equities 4,561,276,317.16 4,501,064,624.96
Legal Representative: Chief financial officer ： Financial manager
：
8
2.Balance Sheet
Parent Company (Mar 31 2014) Currency: RMB
Items Ending Balance Beginning Balance
Current Assets:
Cash and Cash Equivalents 210,263,797.92 59,429,719.52
Held for Trading Financial Assets
Notes receivable
Accounts Receivable 68,569,253.42 40,118,181.46
Accounts Prepayment 452,053.68 163,921.32
Accrued Interest Receivable 0.00 4,797,363.01
Dividend Receivable 0.00 48,000,000.00
Other Receivables 1,188,072,320.24 1,085,568,875.34
Inventories 718,286.89 747,075.29
Current Portion of Non-current Assets
Other Current Assets 345,000,000.00 547,610,000.00
Sub-total Current Assts 1,813,075,712.15 1,786,435,135.94
Non-current Assets
Financial Assets Available for Sale
Held-to-maturity Investment
Long-term Accounts Receivable
Long-term Investment on Stocks 1,361,455,499.74 1,348,059,455.10
Investment Real Estate 113,097,716.06 106,792,020.08
Fixed Assets 72,945,349.23 74,973,379.32
Construction-in-progress 1,227,031.75 7,174,594.15
Engineer Material
Liquidation of Fixed Assets 607.47
Capitalized Biological Assets
Oil and Gas Assets
Intangible Assets 321,594,278.57 325,806,871.10
Development Expenditure
Goodwill
Long-term Deferred Expenses
Deferred Income Tax Assets 151,389.97 151,389.97
Other Non-current Assets 543,115.76 585,092.78
Sub-total Non-current Assets 1,871,014,988.55 1,863,542,802.50
Total Assets 3,684,090,700.70 3,649,977,938.44
Current Liabilities
Short-term Loans
Transactional Monetary Liabilities
Notes Payable
Accounts Payable 12,008,388.05 9,934,722.92
Down payment Received
Payroll Payable 15,417,988.34 19,641,409.26
Tax Payable 31,820,162.92 28,393,537.23
Accrued Interest Payable 26,435,380.01 28,301,589.75
Dividend Payable
Other Payables 62,586,924.00 65,217,657.24
Current Portion of Non-current Liabilities 310,949,351.16 311,049,351.16
Other Non-current Liabilities
Sub-total Current Liabilities 459,218,194.48 462,538,267.56
Non-current Liabilities
Long-term Loans 175,912,319.21 165,048,306.62
Bonds Payable 964,566,000.00 964,195,500.00
Long-term Accounts Payable
Special Accounts Payable
Accrued liabilities
Deferred Income Tax Liabilities
Other Non-current Liabilities 718,728,922.87 719,066,260.66
Sub-total Non-current Liabilities 1,859,207,242.08 1,848,310,067.28
Total Liabilities 2,318,425,436.56 2,310,848,334.84
Owner's Equity( Shareholders’ Equity)
Paid-in Capital (Capital Stock) 230,600,000.00 230,600,000.00
Capital Reserves 204,534,849.49 204,534,849.49
9
Less : Treasury Stock
Special Reserves 2,896,536.73 2,533,941.99
Surplus Reserves 284,684,747.72 284,684,747.72
General Risk Reserve
Retained Earnings 642,949,130.20 616,776,064.40
Translation Reserve
Total Shareholders’ Equity 1,365,665,264.14 1,339,129,603.60
Total Liabilities and Equities 3,684,090,700.70 3,649,977,938.44
Legal Representative: Chief financial officer ： Financial manager ：
10
3.Income Statements
Consolidated (From Jan 01 2014 to Mar 31 2014) Currency RMB：
Items Current Period Same Period Last Year
1. Gross Revenue 159,887,788.95 152,613,510.49
Incl. Operation Revenue 159,887,788.95 152,613,510.49
Interest Revenue
Earned Premium
Commission Revenue
2. Total operating cost 115,860,960.65 111,223,395.76
Incl. Operating cost 59,877,024.00 53,858,668.76
Interest Expenses
Commission Expenses
Surrender Value
Net Payments for Insurance Claims
Net Provision for Insurance Contracts
Expenditures Dividend Policy
Amortized Reinsurance Expenditures
Business Tax and Surcharge 6,921,366.26 7,737,876.11
Selling Expenses 3,600.00 7,506.50
Administrative Expenses 18,775,888.01 16,603,382.04
Financial Expenses 30,283,082.38 33,015,962.35
Assets Impairment Loss
Plus: Fair Value change Income(“-” for net loss)
Investment income(“-” for net loss) 19,662,522.69 12,872,388.83
Incl: Investment income from Associate and Joint
13,396,044.64 9,809,703.78
venture
Exchange Earnings(“-” for net loss)
3. Operating Profits(“-” for net loss) 63,689,350.99 54,262,503.56
Plus: Non-operating income 3,491,657.06 2,221,569.94
Less: non-operating expenses -162,487.10 7,424.00
Incl: Loss of Liquidation of non-current Assets 566.24 0.00
4. Total profit(“-” for net loss) 67,343,495.15 56,476,649.50
Less: Income taxes expenses 13,494,451.78 7,738,022.62
5. Net profit(“-” for net loss) 53,849,043.37 48,738,626.88
Incl: Net profit recognised before the merger
Net Profit attributable to controlling interests 47,678,424.98 42,813,338.87
Net Profit attributable to non-controlling interests 6,170,618.39 5,925,288.01
6. Earnings per share
1) basic earnings per share 0.21 0.19
2)diluted earnings per share Not applicable Not applicable
7. Other comprehensive income
8. Total comprehensive income 53,849,043.37 48,738,626.88
Total comprehensive income attributable to the owners of
47,678,424.98 42,813,338.87
parent company
Total comprehensive income attributable to non-controlling
6,170,618.39 5,925,288.01
interests
Legal Representative: Chief financial officer ： Financial manager
：
11
4.Income Statements
Parent company (From Jan 01 2014 to Mar 31 2014) Currency RMB
：
Items Current Period Same Period Last Year
1. Operating income 70,762,889.28 69,580,558.23
Less: Operating costs 30,760,233.29 26,260,120.49
Selling Expenses 1,555,328.97 1,542,324.40
Business taxes and levies
Administrative expenses 9,465,321.33 9,225,230.57
Financial expenses 19,019,369.79 21,521,442.42
Impairment loss of assets
Add: Investment income 19,662,522.69 12,872,388.83
Incl: Income from investments in associates and joint
13,396,044.64 9,809,703.78
ventures
2. Operating profit 29,625,158.59 23,903,829.18
Add: Non-operating income 809,480.51 2,162,144.87
Less: Non-operating expenses 2,566.24 2,080.00
Incl: Losses from disposal of non-current assets 566.24
3. Total profit 30,432,072.86 26,063,894.05
Less: Income tax expenses 4,259,007.06 4,063,547.57
4. Net profit 26,173,065.80 22,000,346.48
5. Earnings per share: -- --
1) Basic earnings per share Not applicable Not applicable
2) Diluted earnings per share Not applicable Not applicable
6. Other comprehensive income
7. Total comprehensive income 26,173,065.80 22,000,346.48
Legal Representative: Chief financial officer ： Financial manager：
12
5.Cash Flow Statements
Consolidated (From Jan 01 2014 to Mar 31 2014) Currency RMB
：
Items Current Period Same Period Last Year
1. Cash Flows from Operating Activities
Cash from Sales of Goods & Services 142,895,615.04 146,760,032.28
Net Increase in Customer Bank Deposits and due to Banks and Other Financial
Institutions
Net Increase in Borrowings from Central Bank
Net Increase in Placements from Other Financial Institutions
Cash from Insurance Premium of Original Insurance Contracts
Net cash received from reinsurance business
Net increase in deposits from policyholders
Net increase from disposal of tradable financial assets
Cash from Interest 、 Handling Charges and commission Income
Net Increase in Placements from Banks and Other Financial Institutions
Net Increase in Repurchase Business Capital
Tax Refunds 653,064.01
Cash from Other Operating-related Activities 8,405,089.22 11,118,118.76
Sub-total of Cash Inflows from Operating Activities 151,953,768.27 157,878,151.04
Cash Paid for Purchasing of Goods &Services 28,157,569.66 20,508,188.92
Net Increase in Loans and Advances to Customers
Net Increase in Deposits with Central Bank and Other Financial Institutions
Cash paid for Claims of Original Insurance Contracts
Cash Paid for Interest 、 Handling Charges and commission Income
Cash paid for policy dividends
Cash paid for staffs 27,441,521.85 24,738,086.24
Taxes and dues 19,615,633.53 18,810,307.01
Cash Paid for Other Operating-related Activities 9,409,359.88 5,718,458.67
Sub-total of Cash Outflows from Operating Activities 84,624,084.92 69,775,040.84
Net Cash Flows from Operating Activities 67,329,683.35 88,103,110.20
2. Cash Flows from Investing Activities
Cash from Disinvestment
Cash from Investment Income 48,000,000.00
Net Cash from Disposal of Fixed Assets, Intangible Assets and Other 10,880.00
Long-term Assets
Net Cash Received from Disposal of Subsidiaries and Other Business Units
Cash Received from Other Investing-related Activities 947,663,841.06 755,259,825.19
Sub-total of Cash Inflows from Investing Activities 995,663,841.06 755,270,705.19
Cash Paid for Construction of Fixed Assets, Intangible Assets and Other Long-term 183,361,606.99 156,843,937.51
Assets
Cash Paid for Investment
Net Increase in Pledge Loans
Net Cash Paid for Acquisition of Subsidiaries and Other Business Units
Cash Paid for Other Investing-related Activities 733,990,000.00 1,141,302,690.00
Sub-total of Cash Outflows from Investing Activities 917,351,606.99 1,298,146,627.51
Net Cash Flows from Investing Activities 78,312,234.07 -542,875,922.32
3.Cash Flows from Financing Activities
Cash Received from Absorbing Investment
incl : Cash from absorbing minority investment
Cash received from Borrowings 35,794,222.61 16,458,261.00
Cash Received from Bonds Issuance
Cash from Other Financing-related Activities
13
Sub-total of Cash Inflows from Financing Activities 35,794,222.61 16,458,261.00
Debt Redemption 100,000.00 2,200,000.00
Cash Paid for Dividends or Interests 31,401,143.57 35,985,432.59
incl : Dividends and profits paid by subsidiaries to minorities
Cash Paid for Other Financing-related Activities 1,201,200.00
Sub-total of Cash Outflows from Financing Activities 32,702,343.57 38,185,432.59
Net Cash Flows from Financing Activities 3,091,879.04 -21,727,171.59
4. Influence from Fluctuations in Exchange for Cash and Cash Equivalents
5. Net Increase in Cash and Cash Equivalents 148,733,796.46 -476,499,983.71
Plus: Beginning Balance of Cash and Cash Equivalents 233,332,680.86 893,354,140.32
6. Ending Balance of Cash and Cash Equivalents 382,066,477.32 416,854,156.61
Legal Representative: Chief financial officer ： Financial manager
：
14
6.Cash Flow Statements
Parent company (From Jan 01 2014 to Mar 31 2014) Currency RMB
：
Items Current Period Same Period Last Year
1. Cash Flows from Operating Activities
Cash from Sales of Goods & Services 345,232,322.35 308,213,737.01
Tax Refunds
Cash from Other Operating-related Activities 42,528,320.46 15,347,733.16
Sub-total of Cash Inflows from Operating Activities 387,760,642.81 323,561,470.17
Cash Paid for Purchasing of Goods &Services 68,188,823.12 70,886,553.22
Cash paid for staffs 46,185,517.92 38,165,319.66
Taxes and dues 38,655,940.19 40,531,265.68
Cash Paid for Other Operating-related Activities 36,940,512.73 22,617,559.38
Sub-total of Cash Outflows from Operating Activities 189,970,793.96 172,200,697.94
Net Cash Flows from Operating Activities 197,789,848.85 151,360,772.23
2. Cash Flows from Investing Activities
Cash from Disinvestment
Cash from Investment Income 53,781,013.32 38,380,837.73
Net Cash from Disposal of Fixed Assets, Intangible Assets
10,880.00 20,000.00
and Other Long-term Assets
Net Cash Received from Disposal of Subsidiaries and
Other Business Units
Cash Received from Other Investing-related Activities 4,897,238,903.79 2,942,344,761.60
Sub-total of Cash Inflows from Investing Activities 4,951,030,797.11 2,980,745,599.33
Cash Paid for Construction of Fixed Assets, Intangible Assets
15,852,799.13 15,041,108.95
and Other Long-term Assets
Cash Paid for Investment 100,000,000.00
Net Cash Paid for Acquisition of Subsidiaries and Other Business
Units
Cash Paid for Other Investing-related Activities 5,408,507,289.50 2,987,234,846.96
Sub-total of Cash Outflows from Investing Activities 5,424,360,088.63 3,102,275,955.91
Net Cash Flows from Investing Activities -473,329,291.52 -121,530,356.58
3.Cash Flows from Financing Activities
Cash Received from Absorbing Investment
Cash received from Borrowings 48,284,455.06 773,763,851.56
Cash Received from Bonds Issuance 970,000,000.00
Cash from Other Financing-related Activities 8,250,591.23 568,599.54
Sub-total of Cash Inflows from Financing Activities 56,535,046.29 1,744,332,451.10
Debt Redemption 406,600,000.00 1,060,420,000.00
Cash Paid for Dividends or Interests 116,164,257.09 99,334,118.08
Cash Paid for Other Financing-related Activities 52,348,815.94 84,859,680.95
Sub-total of Cash Outflows from Financing Activities 575,113,073.03 1,244,613,799.03
Net Cash Flows from Financing Activities -518,578,026.74 499,718,652.07
4. Influence from Fluctuations in Exchange for Cash and Cash
-64,990.87 -162,789.79
Equivalents
5. Net Increase in Cash and Cash Equivalents -794,182,460.28 529,386,277.93
Plus: Beginning Balance of Cash and Cash Equivalents 853,607,179.80 324,220,901.87
6. Ending Balance of Cash and Cash Equivalents 59,424,719.52 853,607,179.80
Legal Representative: Chief financial officer ： Financial manager：
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. Audit Report
Audit Opinion
The first quarterly report is unaudited.
Board of Directors
Shenzhen Chiwan Petroleum Supply Base Co., Ltd.
April 30, 2014
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