SHENZHEN CHIWAN PETROLEUM SUPPLY BASE CO., LTD.
FULL TEXT OF FIRST QUARTERLY REPORT OF 2015
Part I Important Notice
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
PART II Major Accounting Data and Change of Shareholders
Ⅰ. Major Accounting Data
January to March, 2014 Change（%）
January to March, 2015 Before
After Adjustment After Adjustment
Adjustment
Operating Revenue(RMB) 147,824,556.91 159,887,788.95 159,887,788.95 -7.54%
Net Profit Attributed to Shareholders
22,604,615.62 47,678,424.98 47,441,315.82 -52.35%
of Listed Company (RMB)
Net Profit after Deducting
21,078,656.96 45,565,871.51 45,328,762.35 -53.50%
Non-recurring Gains &Losses(RMB)
Net Cash Flows from Operating
78,023,735.31 67,329,683.35 67,446,045.71 15.68%
Activities(RMB)
Basic Earnings per Share
0.10 0.21 0.21 -52.38%
(RMB/Share)
Diluted Earnings per Share
N/A N/A N/A N/A
(RMB/Share)
Weighted Average Return on Equity
1.33% 3.19% 2.77% -1.44%
（%）
December 31, 2014 Change（%）
March 31, 2015 Before
After Adjustment After Adjustment
Adjustment
Total Assets(RMB) 5,432,710,876.28 5,389,629,871.81 5,389,629,871.81 0.80%
Owners Equity Attributed to
Shareholders of Listed 1,712,761,095.80 1,690,486,032.37 1,690,486,032.37 1.32%
Company(RMB)
Note:
Blogis (Hongkong) Limited has acquired 100% equity of China Huitong (H.K.) Limited in October, 2014.
According to the Accounting Standards for Business Enterprises (the “ASBEs”), the acquisition results in changes
of consolidation scope due to business combination involving enterprises under common control and restating the
financial report for the first quarter of 2014.
Items of Non-recurring Gains and Losses
√ Applicable □Inapplicable
Item Amount Note
Disposal of non-current assets, including the part offset
-4,137.29
with the provision for impairment of assets
Government grants recognized in current years profit or
Receipts from support fund
loss (except for the fixed or quantitative government
2,473,300.00 for modern logistics in
grants closely related to the enterprise businesses
Chengdu
according to the national unified standard)
Other non-operating revenue and expenditure excluding
-48,395.17
the above-mentioned items
Less: Influence on income tax 448,517.91
Influence on minority interest (after tax) 446,290.97
Total 1,525,958.66 --
2
For the Companys 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
3
II. 1. Number of Shareholders and Shares Held by Top Ten Shareholders
Total shareholders in reporting period 7,037
Top Ten Common Shareholders
Impawned or Frozen
Ratio Total shares Non-tradable
Name Nature Shares
（％） held shares
Status Shares
CHINA NANSHAN DEVELOPMENT Domestic Legal
51.79% 119,420,000 119,420,000 - 0
(GROUP) INCORPORATION Person
Foreign Legal
China Logistics Holding (12) PTE.LTD. 19.90% 45,890,000 0 - Unknown
Person
CHINA MECHANTS SECURITIES State-owned Legal
1.46% 3,361,068 0 - Unknown
(HONGKONG) LTD Person
Foreign Legal
MATTHEWS CHINA DIVIDEND FUND 0.81% 1,861,968 0 - Unknown
Person
GUOTAI JUNAN Foreign Legal
0.55% 1,275,742 0 - Unknown
SECURITIES(HONGKONG) LIMITED Person
GREENWOODS CHINA ALPHA Foreign Legal
0.43% 984,693 0 - Unknown
MASTER FUND Person
Foreign Legal
DEUTSCHE BANK AG LONDON 0.36% 833,136 0 - Unknown
Person
VANGUARD TOTAL INTERNATIONAL Foreign Legal
0.33% 756,136 0 - Unknown
STOCK INDEX FUND Person
Domestic Natural
LI SHU CHUN 0.30% 681,720 0 - Unknown
Person
CHINA INT'L CAPITAL CORP HONG Foreign Legal
0.27% 631,089 0 - Unknown
KONG SECURITIES LTD Person
Top Ten Tradable Shareholders
Type
Name Shares Held
Type Shares
China Logistics Holding (12) PTE.LTD. 45,890,000 B 45,890,000
CHINA MECHANTS SECURITIES (HONGKONG) LTD 3,361,068 B 3,361,068
MATTHEWS CHINA DIVIDEND FUND 1,861,968 B 1,861,968
GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED 1,275,742 B 1,275,742
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 631,089 B 631,089
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
Explanation for the Affiliated Relations or United Action of the Top shareholders and does not fall into the scope of united action
Ten Shareholders person stipulated by “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.
Whether top ten common shareholders or top ten non-restricted common shareholders appointed repurchase
transaction during reporting period
□ Yes √ No
2. Particulars about Preferred Share
□ Applicable √ Inapplicable
4
Part III Significant Events
I. Explanation on the Significant Changes for Main Accounting Data and Financial Indicators
Unit: RMB
1st Quarter 1st Quarter of
Change
No Items of 2015/ 2014/ Causes for Difference
(%)
Mar 31, 2015 Dec 31, 2014
Mainly due to receipt from bank
1 Notes Receivable 20,000,000.00 10,000,000.00 100.00%
acceptance for Nanjing Baowan
Mainly due to insurance fee
2 Accounts Prepayment 787,906.76 373,220.41 111.11%
prepayment
Mainly due to income from
3 Interest Receivable - 3,573,311.30 -100.00%
financing products
Mainly due to delay in payment of land
4 Accounts Payable 15,183,071.35 10,358,009.24 46.58%
rent by offshore logistics division
Mainly due to decrease of
5 Receipts In Advance 3,089,383.24 5,067,901.21 -39.04% prepayment for warehouse and
storage fees
Employee Benefits Mainly due to payment bonus for
6 20,111,155.49 31,424,490.98 -36.00%
Payable last year
Mainly due to translation
Other Comprehensive differences arising on translation of
7 -195,661.65 652,079.14 100.00%
Income financial statements denominated in
foreign currencies
Business taxes and Mainly due to expiration of tax
8 9,241,038.32 6,921,366.26 33.51%
levies preferential policy for land use
Mainly due to increase of
9 Selling Expenses 260,386.09 3,600.00 7132.95%
intermediary fees
Mainly due to decrease of total
10 Income Tax Expenses 4,875,065.99 13,416,976.01 -63.66%
profit
Other cash receipts
Mainly due to increase of cash
11 relating to operating 14,325,008.93 8,616,806.56 66.24%
deposit
activities
Mainly due to increase of tax
Payments of various
12 25,614,287.25 19,615,633.53 30.58% prepayment for the fourth quarter
taxes
last year
Because the Company received CSEs
dividends for 2014 in the reporting
Cash receipts from
13 14,329,928.96 48,000,000.00 -70.15% period; while in last period the received
investment income dividends from CSE is cumulative
dividends for previous years.
Other cash receipts
Mainly due to decrease of
14 relating to investing 444,887,865.51 1,070,079,503.30 -58.42%
purchasing financial product
activities
Cash payments to
acquire or construct
Mainly due to land payment last
15 fixed assets, intangible 174,500,696.11 314,666,238.39 -44.54%
period
assets and other
long-term assets
Other cash payments
Mainly due to decrease of
16 relating to investing 363,000,000.00 733,990,000.00 -50.54%
purchasing financial product
activities
Cash receipts from Mainly due to increase of bank
17 64,517,851.59 46,794,222.61 37.88%
borrowings borrowing
Cash repayments of Mainly due to increase of bank
18 1,051,000.00 100,000.00 951.00%
borrowings repayment
5
II. Significant Event and its Impact
□ Applicable √ Inapplicable
III. Fulfillment of Commitment by Shareholders with More than 5% Shares
Commit
Promisee Content Beginning Deadline Status
ments
Nanshan
to land use 1997-8-1 2022-7-31 On duty
Group
Nanshan to resolve payment difficulties in
2014-1-6 2017-1-5 On duty
Group opening the Finance Limited
Other to provide regular monthly financial
The
Commit reports to the controlling 2007-10-25 Long term effective On duty
Company
ments shareholder
The About the issue of "medium-term
2012-3-7 2017-3-6 On duty
Company notes for 2012" Commitment
The About the issue of "12 base debt"
2013-1-9 2020-1-8 On duty
Company commitment
Fulfill
commit
Yes
ments
timely
IV. Prediction of Business Performance for the first half year of 2015
Prediction and explanation on important changes of profit in next report period
□Applicable √ Inapplicable
V. Stock Investment
Stock investment
□Applicable √ Inapplicable
VI. Investment of Financial Derivatives
□Applicable √ Inapplicable
VII. Reception of Investors and Medias
According to relative regulations of standard operational guidelines for listed companies issued by Shenzhen
Stock Exchange and working system in management of investor relationship of the Company, the Company
carried out the principles of fairness, justice and publicity when receiving interview and investigation and
developing activities, guaranteed all investors enjoying right to learn the truth, other lawful rights and interests,
introduced practical situation of the Company and prevented the Company from leaking information and related
insider dealing. The Company has ensured the communication ways successfully for the investors and received
many enquires by telephone and irm.cninfo.com.cn. But there are no investors asking for visiting on the spot or
submitting written questionnaires.
6
Part IV Financial Statements
1.Balance Sheet
Consolidated Currency: RMB
Items Ending Balance Beginning Balance
Current Assets:
Cash And Bank Balances 407,055,553.31 375,328,861.18
Notes Receivable 20,000,000.00 10,000,000.00
Accounts Receivable 48,331,033.05 53,234,644.64
Prepayments 787,906.76 373,220.41
Interest Receivable - 3,573,311.30
Dividends Receivable
Other Receivables 49,009,018.71 61,287,160.23
Inventories 992,312.85 1,054,046.42
Other Current Assets 313,000,000.00 390,000,000.00
Total Current Assets 839,175,824.68 894,851,244.18
Non-Current Assets:
Long-Term Equity Investments 539,536,468.41 537,962,041.17
Investment Properties 1,255,399,125.94 1,267,169,209.29
Fixed Assets 766,247,046.02 777,313,197.48
Construction In Progress 362,479,027.60 300,456,627.34
Fixed Assets Disposal -12,172.91
Intangible Assets 1,404,424,966.56 1,341,187,179.75
Deferred Tax Assets 18,630,295.72 17,117,751.96
Other Non-Current Assets 246,830,294.26 253,572,620.64
Total Non-Current Assets 4,593,535,051.60 4,494,778,627.63
Total Assets 5,432,710,876.28 5,389,629,871.81
Current Liabilities:
Accounts Payable 15,183,071.35 10,358,009.24
Receipts In Advance 3,089,383.24 5,067,901.21
Employee Benefits Payable 20,111,155.49 31,424,490.98
Taxes Payable 40,286,700.33 40,439,178.66
Interest Payable 38,463,754.08 36,404,811.44
Other Payables 398,685,654.42 439,034,917.38
7
Non-Current Liabilities Due Within One Year 1,349,351.16 1,349,351.16
Other Current Liabilities 300,000,000.00 300,000,000.00
Total Current Liabilities 817,169,070.07 864,078,660.07
Non-Current Liabilities:
Long-Term Borrowings 454,236,817.97 390,816,685.64
Bonds Payable 966,048,000.00 965,677,500.00
Long-Term Payables 251,417,853.31 251,417,853.31
Deferred Income 1,481,250.00 1,500,000.00
Other Non-Current Liabilities 927,379,571.71 927,716,909.50
Total Non-Current Liabilities 2,600,563,492.99 2,537,128,948.45
Total Liabilities 3,417,732,563.06 3,401,207,608.52
Shareholders' Equity:
Share Capital 230,600,000.00 230,600,000.00
Capital Reserve 234,141,186.09 234,141,186.09
Other Comprehensive Income -195,661.65 652,079.14
Special Reserve 4,758,336.09 4,240,147.49
Surplus Reserve 307,084,630.25 307,084,630.25
Unappropriated Profits 936,372,605.02 913,767,989.40
Total Shareholders' Equity Attributable To Equity Holders
Of The Company 1,712,761,095.80 1,690,486,032.37
Minority Interests 302,217,217.42 297,936,230.92
Total Shareholders' Equity 2,014,978,313.22 1,988,422,263.29
Total Liabilities And Shareholders' Equity 5,432,710,876.28 5,389,629,871.81
Legal Representative: Tian Junyan Chief Financial Officer: Yu Zhongxia Financial Manager: Sun Yuhui
8
2.Balance Sheet
Parent Company Currency: RMB
Items Ending Balance Beginning Balance
Current Assets:
Cash And Bank Balances
55,910,295.90 110,176,958.92
Notes Receivable
Accounts Receivable
24,170,359.06 34,383,433.27
Prepayments
516,372.95 162,238.73
Interest Receivable
3,242,328.77
Dividends Receivable
Other Receivables
1,500,799,180.11 1,479,302,828.83
Inventories
625,687.11 618,056.60
Other Current Assets
313,000,000.00 278,000,000.00
Total Current Assets
1,895,021,895.13 1,905,885,845.12
Non-Current Assets:
Long-Term Equity Investments
1,424,842,228.12 1,409,767,800.88
Investment Properties
106,498,277.03 107,855,864.11
Fixed Assets
68,185,784.97 70,348,373.29
Construction In Progress
26,261,455.49 23,265,903.87
Fixed Assets
-20,876.67
Intangible Assets
304,797,720.00 308,975,078.68
Deferred Tax Assets
137,885.22 137,885.22
Other Non-Current Assets
375,207.68 417,184.70
Total Non-Current Assets
1,931,077,681.84 1,920,768,090.75
Total Assets
3,826,099,576.97 3,826,653,935.87
Current Liabilities:
Accounts Payable
15,007,207.26 10,133,886.43
Receipts In Advance
Employee Benefits Payable
16,366,613.73 22,196,600.51
Taxes Payable
21,483,246.14 26,735,284.42
Interest Payable
38,397,879.98 36,195,924.54
Other Payables
70,867,290.11 74,542,526.68
Non-Current Liabilities Due Within One Year
1,349,351.16 1,349,351.16
9
Other Current Liabilities
300,000,000.00 300,000,000.00
Total Current Liabilities
463,471,588.38 471,153,573.74
Non-Current Liabilities:
Long-Term Borrowings
182,524,302.04 182,524,302.04
Bonds Payable
966,048,000.00 965,677,500.00
Long-Term Payables
Deferred Income
Other Non-Current Liabilities
717,379,571.71 717,716,909.50
Total Non-Current Liabilities
1,865,951,873.75 1,865,918,711.54
Total Liabilities
2,329,423,462.13 2,337,072,285.28
Shareholders' Equity:
Share Capital
230,600,000.00 230,600,000.00
Capital Reserve
204,534,849.49 204,534,849.49
Other Comprehensive Income
Special Reserve
4,599,876.09 4,103,762.23
Surplus Reserve
307,084,630.25 307,084,630.25
Unappropriated Profits
749,856,759.01 743,258,408.62
Total Shareholders' Equity
1,496,676,114.84 1,489,581,650.59
Total Liabilities And Shareholders' Equity
3,826,099,576.97 3,826,653,935.87
Legal Representative: Tian Junyan Chief Financial Officer: Yu Zhongxia Financial Manager: Sun Yuhui
10
3.Income Statements
Consolidated Currency: RMB
Same Period Last
Items Current Period
Year(Restated)
I. Total operating income 147,824,556.91 159,887,788.95
Including:Operating income 147,824,556.91 159,887,788.95
Less: Total operating costs 135,622,593.88 116,250,625.82
Including:Operating costs 68,137,919.07 59,877,024.00
Business taxes and levies 9,241,038.32 6,921,366.26
Selling expenses 260,386.09 3,600.00
General and administrative expenses 21,167,031.86 18,935,574.83
Financial expenses 36,816,218.54 30,513,060.73
Impairment losses of assets - -
Add: Investment income 17,386,035.41 19,737,602.93
Including: Income from investments inassociates and
joint ventures 15,904,356.20 13,396,044.64
II. Operating profit 29,587,998.44 63,374,766.06
Add: Non-operating income 2,506,166.09 3,491,657.06
Less: Non-operating expenses 85,398.55 -162,487.10
Including: Losses from disposal of non-current assets 4,137.29 566.24
III. Gross profit 32,008,765.98 67,028,910.22
Less: Income tax expenses 4,875,065.99 13,416,976.01
IV. Net profit 27,133,699.99 53,611,934.21
Net profit attributable to owners of the Company 22,604,615.62 47,441,315.82
Profit or loss attributable to minority shareholders 4,529,084.37 6,170,618.39
V. Post-tax net value of other comprehensive income -1,095,838.66 -
Post-tax net value of other comprehensive income
attributable to owners of the Company -847,740.79 -
Including: Translation differences arising on translation
of financial statements denominated in foreign -847,740.79
currencies
Post-tax net value of other comprehensive income
attributable to minority shareholders -248,097.87
VI. Total comprehensive income: 26,037,861.33 53,611,934.21
Total comprehensive income attributable to owners of
the Company 21,756,874.83 47,441,315.82
11
Total comprehensive income attributable to minority
shareholders 4,280,986.50 6,170,618.39
VII. Earnings per share:
(I) Basic earnings per share 0.10 0.21
(II) Diluted earnings per share N/A N/A
Legal Representative: Tian Junyan Chief Financial Officer: Yu Zhongxia Financial Manager: Sun Yuhui
12
4.Income Statements
Parent company Currency: RMB
Items Current Period Same Period Last Year
I. Operating income 41,244,801.46 70,762,889.28
Less: Operating costs 27,526,838.14 30,760,233.29
Business taxes and levies 1,414,233.85 1,555,328.97
General and administrative expenses 10,401,190.06 9,465,321.33
Financial expenses 15,738,088.12 19,019,369.79
Impairment loss of assets - -
Add: Investment income 17,330,364.17 19,662,522.69
Including: Income from investments in associates and
joint ventures 15,904,356.20 13,396,044.64
II. Operating profit 3,494,815.46 29,625,158.59
Add: Non-operating income 1,533.00 809,480.51
Less: Non-operating expenses - 2,566.24
Including: Losses from disposal of non-current assets - 566.24
III. Gross profit 3,496,348.46 30,432,072.86
Less: Income tax expenses -3,102,001.93 4,259,007.06
IV. Net profit 6,598,350.39 26,173,065.80
V. Other comprehensive income
VI. Total comprehensive income 6,598,350.39 26,173,065.80
VII. Earnings per share:
(I) Basic earnings per share N/A N/A
(II) Diluted earnings per share N/A N/A
Legal Representative: Tian Junyan Chief Financial Officer: Yu Zhongxia Financial Manager: Sun Yuhui
13
5.Cash Flow Statements
Consolidated Currency: RMB
Same Period Last
Items Current Period
Year(Restated)
I. Cash Flows from Operating Activities:
Cash receipts from sales of goods and rendering of services 159,179,891.36 142,895,615.04
Tax Refunds 653,064.01
Other cash receipts relating to operating activities 14,325,008.93 8,616,806.56
Sub-total of cash inflows from operating activities 173,504,900.29 152,165,485.61
Cash payments for goods purchased and services received 27,008,442.07 28,157,569.66
Cash payments to and on behalf of employees 32,722,930.92 27,444,258.85
Payments of various taxes 25,614,287.25 19,615,633.53
Other cash payments relating to operating activities 10,135,504.74 9,501,977.86
Sub-total of cash outflows from operating activities 95,481,164.98 84,719,439.90
Net Cash Flows from Operating Activities 78,023,735.31 67,446,045.71
II. Cash Flows from Investing Activities:
Cash receipts from investment income 14,329,928.96 48,000,000.00
Net cash receipts from disposal of fixed assets, intangible
assets and other long-term assets 10,100.00 -
Other cash receipts relating to investing activities 444,887,865.51 1,070,079,503.30
Sub-total of cash inflows from investing activities 459,227,894.47 1,118,079,503.30
Cash payments to acquire or construct fixed assets,
intangible assets and other long-term assets 174,500,696.11 314,666,238.39
Other cash payments relating to investing activities 363,000,000.00 733,990,000.00
Sub-total of cash outflows from investing activities 537,500,696.11 1,048,656,238.39
Net Cash Flows from Investing Activities -78,272,801.64 69,423,264.91
III. Cash Flows from Financing Activities:
Cash receipts from borrowings 64,517,851.59 46,794,222.61
Sub-total of cash inflows from financing activities 64,517,851.59 46,794,222.61
Cash repayments of borrowings 1,051,000.00 100,000.00
Cash payments for distribution of dividends or profits or
settlement of interest expenses 30,296,793.30 31,401,143.57
Other cash payments relating to financing activities 1,201,200.00 1,201,200.00
Sub-total of cash outflows from financing activities 32,548,993.30 32,702,343.57
Net Cash Flows from Financing Activities 31,968,858.29 14,091,879.04
14
IV. Effect of Foreign Exchange Rate Changes on Cash
and Cash Equivalents 6,900.17 -438,318.71
V. Net Increase(Decrease)in Cash and Cash Equivalents 31,726,692.13 150,522,870.95
Add: Opening balance of Cash and Cash Equivalents 375,328,861.18 299,910,369.63
VI. Closing Balance of Cash and Cash Equivalents 407,055,553.31 450,433,240.58
Legal Representative: Tian Junyan Chief Financial Officer: Yu Zhongxia Financial Manager: Sun Yuhui
15
6.Cash Flow Statements
Parent company Currency: RMB
Items Current Period Same Period Last Year
I. Cash Flows from Operating Activities:
Cash receipts from sales of goods and rendering of
services 53,272,167.52 46,932,289.01
Tax Refunds - 653,064.01
Other cash receipts relating to operating activities 3,378,121.68 805,224.81
Sub-total of cash inflows from operating activities 56,650,289.20 48,390,577.83
Cash payments for goods purchased and services received 9,074,775.80 16,375,260.09
Cash payments to and on behalf of employees 18,639,656.62 15,549,275.61
Payments of various taxes 5,929,924.01 6,004,974.89
Other cash payments relating to operating activities 6,689,778.39 6,097,824.03
Sub-total of cash outflows from operating activities 40,334,134.82 44,027,334.62
Net Cash Flows from Operating Activities 16,316,154.38 4,363,243.21
II. Cash Flows from Investing Activities:
Cash receipts from investment income 14,329,928.96 48,000,000.00
Other cash receipts relating to investing activities 364,668,336.74 1,137,663,841.06
Sub-total of cash inflows from investing activities 378,998,265.70 1,185,663,841.06
Cash payments to acquire or construct fixed assets,
intangible assets and other long-term assets 5,330,185.47 987,372.49
Cash Paid for Investment 13,500,000.00 -
Other cash payments relating to investing activities 401,226,716.58 1,014,912,490.45
Sub-total of cash outflows from investing activities 420,056,902.05 1,015,899,862.94
Net Cash Flows from Investing Activities -41,058,636.35 169,763,978.12
III. Cash Flows from Financing Activities:
Cash receipts from borrowings 10,864,012.59
Other cash receipts relating to financing activities 1,485,914.67 611,041.82
Sub-total of cash inflows from financing activities 1,485,914.67 11,475,054.41
Cash repayments of borrowings 100,000.00
Cash payments for distribution of dividends or profits or
settlement of interest expenses 26,809,606.74 30,768,561.50
Other cash payments relating to financing activities 4,200,488.98 3,899,635.84
Sub-total of cash outflows from financing activities 31,010,095.72 34,768,197.34
Net Cash Flows from Financing Activities -29,524,181.05 -23,293,142.93
16
IV. Effect of Foreign Exchange Rate Changes on Cash
and Cash Equivalents
V．Net Increase(Decrease) in Cash and Cash Equivalents -54,266,663.02 150,834,078.40
Add: Opening balance of Cash and Cash Equivalents 110,176,958.92 59,429,719.52
VI. Closing Balance of Cash and Cash Equivalents 55,910,295.90 210,263,797.92
Legal Representative: Tian Junyan Chief Financial Officer: Yu Zhongxia Financial Manager: Sun Yuhui
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Ⅱ. Audit Report
Audit Opinion
The first quarterly report is unaudited.
Board of Directors
Shenzhen Chiwan Petroleum Supply Base Co., Ltd.
April 30, 2015
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