Chengde Dixian Textile Co., Ltd. The Third Quarterly Report For 2009 (Full Text)
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Chengde Dixian Textile Co., Ltd.
The Third Quarterly Report For 2009
(Full Text)
§1. Important Notes
1.1 The Board of Directors and the Supervisory Committee of Chengde Dixian Textile Co., Ltd.
(hereinafter referred to as the Company), along with all its directors, supervisors and senior
executives hereby confirm that there are no any important omissions, fictitious statements or serious
misleading information carried in this report, and shall take all responsibilities, individual and/or
joint, for the reality, accuracy and completion of the whole contents.
1.2 No Directors, Supervisors or Senior Executives stated that they couldn’t ensure the reality,
accuracy and completion of the contents of the Quarterly Report or have objection for this report.
1.3 The Third Quarterly Financial Report 2009 of the Company has not been audited by CPAs.
1.4 Chen Rong, Principal of the Company; Ye Weijie, Person in Charge of Accounting Works; and
Wang Ansheng, Person in Charge of Accounting Organ (Accounting Officer) hereby confirm that
the Financial Report of the Third Quarterly Report is true and complete.
§2. Company Profile
2.1 Main accounting highlights and financial indexes:
Unit: RMB
Sep. 30, 2009 Dec. 31, 2008
Increase/decrease scope
(%)
Total assets (RMB) 360,125,190.57 598,681,950.83 -39.85%
Owners’ equities attributable to the
shareholders of listed company
(RMB)
4,235,704.24 -237,353,406.14 101.78%
Share capital (Share) 706,320,000.00 706,320,000.00 0.00%
Net assets per share attributable to
the shareholders of listed company
(RMB/Share)
0.006 -0.34 101.76%
July-Sep. 2009
Increase/decrease
over the same
period of the last
year (%)
Jan.-Sep. 2009
Increase/decrease
over the same
period of the last
year (%)
Total operating income (RMB) 0.00 -100.00% 0.00 -100.00%
Net profit attributable to the
shareholders of listed company
(RMB)
113,136,206.66 496.78% 241,589,110.38 444.90%
Net cash flow arising from operating
activities (RMB)
- - 7,375.48 100.12%
Net cash flow arising from operating
activities per share (RMB/Share)
- - 0.00001 100.13%
Basic earnings per share
(RMB/Share)
0.16 0.34
Diluted earnings per share
(RMB/Share)
0.16 0.34Chengde Dixian Textile Co., Ltd. The Third Quarterly Report For 2009 (Full Text)
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Return on equity (%) 2,671.01% 2,665.12% 5,703.64% 5,689.16%
Return on equity after deducting
non-recurring gains and losses (%)
-24.60% -30.00% -98.62% -112.60%
Unit: RMB
Items of non-recurring gains and losses Amount from year begin to
the end of report period Remarks
Gains/losses from debts restructurings 272,107,789.09
Other non-operating income and expenditure beside for the
aforementioned items
-26,341,577.30
Total 245,766,211.79 -
2.2 Total number of shareholders at the end of the report period and shares held by the top ten
shareholders of circulation share
Unit: Share
Total number of shareholders
at the end of report period
24,203
Particulars about shares held by the top ten shareholders of circulation shares
Shareholders’ name
Number of circulation shares held at
the period-end
Type of shares
Li Tianyun 22,440,000 Domestically listed foreign shares
Zhou Haihong 22,400,000 Domestically listed foreign shares
Qian Zhenlin 22,000,000 Domestically listed foreign shares
Xu Jiang 22,000,000 Domestically listed foreign shares
Chen Yan 20,000,000 Domestically listed foreign shares
SBCI FINANCE ASIA LID A/C SBC
HONG KONG
1,230,370 Domestically listed foreign shares
Wang Wensheng 7,258,007 Domestically listed foreign shares
Shanghai Wanguo (Hong Kong) Securities
Co., Ltd.
3,043,282 Domestically listed foreign shares
Peng Wei 2,978,525 Domestically listed foreign shares
NORGES BANK 2,516,195 Domestically listed foreign shares
§3. Significant events
3.1 Particulars about material changes in items of main accounting statement and financial index,
and explanations of reasons
√Applicable □Inapplicable
The Company has not started up the production from Jan. to Sep. of 2009, the main operation was
still in losses, but the gains and losses with great amount occurred from bankruptcy reforming of the
Company and bankruptcy declaration of its subsidiaries or reconciliation reached with creditors
which made the Company gain profit of approximately RMB 241,589 million from Jan. to Sep. of
2009, but did not bring corresponding cash in-flow for the Company.
3.2 Progress of significant events, their influences, and analysis and explanation of their solutions
√Applicable □InapplicableChengde Dixian Textile Co., Ltd. The Third Quarterly Report For 2009 (Full Text)
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1. Upon the approval document No.[2004]101 issued by the China Securities Regulatory
Commission in July 2004, the Company increases of its capital by issuing 150,000,000 B shares, in
which 91,300,000 shares were issued for Hong Kong dollars and 58,700,000 shares were issued for
Renminbi Yuan (RMB). The issuance of B shares has not been authorized by the China
Administration of Foreign Exchange department, and has not verified by PRC certified public
accountants and the procedures for the change of business registration were not carried out
completely. According to the resolution of general meeting of shareholders on Jun. 8, 2006, the
Company distributed share bonus 117,720,000 shares to all shareholders at the rate of two shares
given per ten shares. The registered capital of the Company was increased to RMB 706,320,000 after
share bonus distribution. Influenced by the aforementioned factors, the procedures for the change of
business registration were not carried out completely.
2. In Nov. 2008, Hebei Chengde Xingchen Construction Engineering Co., Ltd. submitted application
of bankruptcy restructuring of the Company to Hebei Chengde Intermediate People’s Court with the
reason that the Company did not implement the payment obligation in the court’s sentence, and the
financial and operation condition of the Company was deteriorated without ability of paying off. On
Nov. 10, 2008, Chengde Intermediate People’s Court made Civil Verdict (2008) CMPZ No. 9, which
accepted to deal with bankruptcy restructuring of the Company.
On Dec. 30, 2008, Chengde Intermediate People’s Court made Civil Verdict (2008) CMPZ No. 9-1,
which decided the following creditor’s rights: (1) 6 units had priority creditor’s right, with total
amount of RMB 844,157,605.65; (2) total 3 tax institutions with tax amount of RMB 15,372,537.49;
(3) 131 units had common creditor’s right, with total amount of RMB 552,326,118.84. On the same
day, Chengde Intermediate People’s Court made Civil Verdict (2008) CMPZ No. 9-2, which
approved Restructuring Program (Draft) of Dixian Textile Co., Ltd. and terminated reform procedure
of Chengde Dixian Textile Co., Ltd.
According to Restructuring Program (Draft), the Company made disposal of assets for turning into
cash which could be sold for cash, and paid reform expenses and all debts.
On Apr. 27, 2009, Hebei Chengde Intermediate People’s Court made Civil Verdict (2008) CMPZ No.
9-5, which confirmed that the implementation of paying off debts in Restructuring Program was
completed.
3. On Dec. 8, 2008, Hebei Chengde Intermediate People’s Court made Civil Verdict (2008) CMPZ
No. 10, No.11, No.12 and No.13, which judged that: (1) accepted the application of Sun Weishan
making bankruptcy liquidation of Chengde Banhe Chemical Simulation Textile Co., Ltd.; (2)
accepted application of Chengde Xinda Energy-saving Electronic Equipment Co., Ltd. making
bankruptcy liquidation of Chengde Dixian Fashion Co., Ltd.; (3) accepted application of Anxin
Hongda Plastic Factory making bankruptcy liquidation of Hebei Xiabancheng Knitwear Co., Ltd.; (4)
accepted application of Chengde Yonghe Cement Co., Ltd. making bankruptcy liquidation of
Chengde Xingye Papermaking Co., Ltd.
On Feb. 8, 2009, Hebei Chengde Intermediate People’s Court made Civil Verdict (2008) CMPZ No.
10-1, No. 11-1 and No. 12-1, which judged that: (1) declared that the original controlling subsidiary
of the Company - Chengde Banhe Chemical Simulation Textile Co., Ltd. was bankrupted; (2)
declared that original subsidiary which the Company held 75% equity - Chengde Dixian Fashion Co.,
Ltd. was bankrupted; (3) declared that original wholly-owned subsidiary of the Company - Hebei
Xiabancheng Knitwear Co., Ltd. was bankrupted.
On Feb. 21, 2009, Hebei Chengde Intermediate People’s Court made Civil Verdict (2008) CMPZ No.
13-1, which confirmed the debt amount of Xingye Papermaking Co., Ltd. On Mar. 31, 2009, Hebei
Chengde Intermediate People’s Court made Civil Verdict (2008) CMPZ No. 13-2, which approved
the reconciling application of Xingye Papermaking Co., Ltd. On Jun. 12, 2009, the Company
received Civil Verdict (2008) CMPZ No. 13-3 made by Hebei Chengde Intermediate People’s Court,
which confirmed that Xingye Papermaking Co., Ltd and its creditor reached a reconciling agreement
on May 8, 2009 and terminated reconciling procedure.Chengde Dixian Textile Co., Ltd. The Third Quarterly Report For 2009 (Full Text)
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4. In the report period, because the subsidiaries - Xiabancheng Knitwear Co., Ltd., Dixian Fashion
Co., Ltd. and Banhe Chemical Simulation Textile Co., Ltd. was bankrupted, the aforesaid three
companies was not in the range of consolidation statement in this period.
5. Approved by Shenzhen Stock exchange, the delisting risk warning of the Company’s stock was
removed on Jul. 7, 2009, and the stock would be implemented other special treatment.
6. On Jun. 25, 2009, the Company held the Annual Shareholders General Meeting 2008, which
discussed and approved that the Company’ name would be changed from Chengde Dixian Textile
Co., Ltd. to Chengde Dalu Co., Ltd. The business registration change procedure was in process.
3.3 Implementations of commitments by the Company, shareholders and actual controller
□Applicable √Inapplicable
3.4 Estimation of accumulative net profit from the beginning of the year to the end of next report
period to be loss probably or the warning of its material change compared with the corresponding
period of the last year and explanation of reason
□Applicable √Inapplicable
3.5 Particulars about the other significant events which needed explanations
On Feb. 25, 2009, Shijiazhuang Intermediate People’s Court made a sentence that the Company had
the crime of smuggling general cargo, which would be fined RMB 68,734,451.21, and the general
cargo involved in the case would be confiscated into state treasury. In the legal time limit, Wang
Shuxian appealed. On Apr. 23, 2009, Hebei high People’s Court made a Written Verdict of Crime
(2009) JXEZZ No.44, which judged that: rejected the appeal and kept the original sentence. And the
judgment was the final verdict.
3.5.1 Activities on receiving research, communication and interview in the report period
Date Place Way
The received
parties
Contents discussed and
materials supplied
July 25, 2009 Security Department
of the Company
Phone
communication
Investor The present status of the
Company.
Aug. 17, 2009 Security Department
of the Company
Phone
communication
Investor
Performances in the first half year;
Semi-annual Performances
Forecast was supplied.
Sep. 21, 2009 Security Department
of the Company
Phone
communication
Investor
Progress of real-estate
development of the Company and
no materials were supplied.
3.6 Particulars about derivatives investment
□Applicable √Inapplicable
3.6.1 Particulars about the positions of derivatives investment at the end of report period
□Applicable √Inapplicable
§4. Appendix
4.1 Balance sheet
Prepared by Chengde Dixian Textile Co., Ltd. Sep. 30, 2009 Unit: RMB
Balance at period-end Balance Items at year-begin
Consolidation Parent Company Consolidation Parent CompanyChengde Dixian Textile Co., Ltd. The Third Quarterly Report For 2009 (Full Text)
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Current assets:
Monetary funds 435,623.21 392,812.72 447,257.73 365,685.40
Settlement provisions
Capital lent
Transaction finance asset
Notes receivable
Accounts receivable 1,234,022.85 6,314,628.93 12,231,947.36
Accounts paid in advance 7,279,722.72 6,412,464.44 68,630,272.88 92,842,017.50
Insurance receivable
Reinsurance receivables
Contract reserve of
reinsurance receivable
Interest receivable
Dividend receivable
Other receivables 55,258,305.60 45,536,978.84 64,109,210.96 450,923,188.75
Purchase restituted
finance asset
Inventories 16,577.96 377,830.47
Non-current asset due
within one year
Other current assets
Total current assets 64,224,252.34 52,342,256.00 139,879,200.97 556,362,839.01
Non-current assets:
Granted loans and
advances
Finance asset available
for sales
Held-to-maturity
investment
Long-term account
receivable
Long-term equity
investment
97,215,729.65 630,800,000.00 97,215,729.65 1,211,812,433.52
Investment property
Fixed assets 26,775,459.06 124,093,126.16 16,175,897.23
Construction in progress 12,883,800.00 12,883,800.00
Engineering material
Disposal of fixed asset
Productive biological
asset
Oil and gas asset
Intangible assets 27,720,448.19 91,294,980.17 7,990,608.73
Expense on Research and
Development
Goodwill
Long-term expenses to be
apportioned
2,009,612.55 2,009,612.55Chengde Dixian Textile Co., Ltd. The Third Quarterly Report For 2009 (Full Text)
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Deferred income tax asset 131,305,501.33 131,305,501.33 131,305,501.33 131,305,501.33
Other non-current asset
Total non-current asset 295,900,938.23 762,105,501.33 458,802,749.86 1,369,294,053.36
Total assets 360,125,190.57 814,447,757.33 598,681,950.83 1,925,656,892.37
Current liabilities:
Short-term loans 5,422,261.91 422,261.91 257,110,082.88 650,705.60
Loan from central bank
Absorbing deposit and
interbank deposit
Capital borrowed
Transaction financial
liabilities
Notes payable
Accounts payable 313,868.31 299,490.67 40,929,519.04 34,436,425.01
Accounts received in
advance
710,994.16 721,601.25 8,607.09
Selling financial asset of
repurchase
Commission charge and
commission payable
Wage payable 6,151,855.55 27,658,657.03 17,897,697.28
Taxes payable -37,716.60 -37,716.60 64,981,574.02 15,372,537.49
Interest payable 270,261,883.18 165,267,072.66
Dividend payable
Other accounts payable 330,159,654.82 119,551,537.86 57,034,528.39 469,229,434.21
Reinsurance payables
Insurance contract reserve
Security trading of agency
Security sales of agency
Non-current liabilities due
within 1 year
Other current liabilities
Total current liabilities 342,720,918.15 120,235,573.84 718,697,845.79 702,862,479.34
Non-current liabilities:
Long-term loans
Bonds payable
Long-term account
payable
334,075.00 95,450,000.00
Special accounts payable 10,598,000.03 98,000.03 19,651,018.03 151,018.03
Projected liabilities 2,118,395.79 2,118,395.79 2,118,395.79 2,118,395.79
Deferred income tax
liabilities
Other non-current
liabilities
Total non-current liabilities 13,050,470.82 2,216,395.82 117,219,413.82 2,269,413.82
Total liabilities 355,771,388.97 122,451,969.66 835,917,259.61 705,131,893.16Chengde Dixian Textile Co., Ltd. The Third Quarterly Report For 2009 (Full Text)
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Owner’s equity (or
shareholders’ equity):
Paid-in capital (or share
capital)
706,320,000.00 706,320,000.00 706,320,000.00 706,320,000.00
Capital public reserve 395,971,144.37 394,571,587.96 395,971,144.37 394,571,587.96
Less: Inventory shares
Reasonable reserve
Surplus public reserve 76,791,550.17 76,791,550.17 76,791,550.17 76,791,550.17
Provision of general risk
Retained profit -1,174,846,990.30 -485,687,350.46 -1,416,436,100.68 42,841,861.08
Balance difference of
foreign currency translation
Total owner’s equity
attributable to parent company
4,235,704.24 691,995,787.67 -237,353,406.14 1,220,524,999.21
Minority interests 118,097.36 118,097.36
Total owner’s equity 4,353,801.60 691,995,787.67 -237,235,308.78 1,220,524,999.21
Total liabilities and owner’s
equity
360,125,190.57 814,447,757.33 598,681,950.83 1,925,656,892.37
4.2 Profit statement in the report period
Prepared by Chengde Dixian Textile Co., Ltd. July-Sep. 2009 Unit: RMB
This period The same period of last year
Items
Consolidation Parent Company Consolidation Parent Company
I. Total operating income 0.00 3,081,586.76 2,895,009.40
Including: Operating income 0.00 3,081,586.76 2,895,009.40
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 426,613,763.45 198,416.87 32,950,448.86 28,391,564.91
Including: Operating cost 4,971,205.41 4,498,530.53
Interest expense
Commission charge and
commission expense
Cash surrender value
Net amount of expense of
compensation
Net amount of withdrawal of
insurance contract reserve
Bonus expense of guarantee
slip
Reinsurance expense
Operating tax and extras
Sales expenses 3,490.00 3,490.00
Administration expenses 1,041,922.21 198,392.87 12,568,405.71 11,430,036.00
Financial expenses 24.00 24.00 12,294,533.32 10,537,837.55
Losses of devaluation of 425,571,817.24 3,112,814.42 1,921,670.83Chengde Dixian Textile Co., Ltd. The Third Quarterly Report For 2009 (Full Text)
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asset
Add: Changing income of
fair value(Loss is listed with “-”)
Investment income (Loss is
listed with “-”)
425,571,817.24
Including: Investment
income on affiliated company and
joint venture
Exchange income (Loss is
listed with “-”)
III. Operating profit (Loss is
listed with “-”)
-1,041,946.21 -198,416.87 -29,868,862.10 -25,496,555.51
Add: Non-operating income 95,800,657.03 770,970.09 317,094.02
Less: Non-operating expense -18,377,495.84 -19,062,227.87 50,475.50 475.50
Including: Disposal loss of
non-current asset
IV. Total Profit (Loss is listed
with “-”)
113,136,206.66 18,863,811.00 -29,148,367.51 -25,179,936.99
Less: Income tax expense
V. Net profit (Net loss is listed
with “-”)
113,136,206.66 18,863,811.00 -29,148,367.51 -25,179,936.99
Net profit attributable to
owner’s of parent company
113,136,206.66 -28,513,569.19
Minority shareholders’ gains
and losses
-634,798.32
VI. Earnings per share
i. Basic earnings per share 0.16 -0.04
ii. Diluted earnings per share 0.16 -0.04
VII. Other consolidated income
VIII. Total consolidated income 113,136,206.66 18,863,811.00 -29,148,367.51 -25,179,936.99
Total consolidated income
attributable to owners of parent
company
113,136,206.66 18,863,811.00 -28,513,569.19 -25,179,936.99
Total consolidated income
attributable to minority
shareholders
-634,798.32
4.3 Profit statement from year-begin to the end of report period
Prepared by Chengde Dixian Textile Co., Ltd. Jan.-Sep. 2009 Unit: RMB
Amount in this period Amount in last period
Items
Consolidation Parent Company Consolidation Parent Company
I. Total operating income 0.00 0.00 8,682,635.47 2,895,714.53
Including: Operating income 0.00 0.00 8,682,635.47 2,895,714.53
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 645,532,412.34 582,586,260.18 80,725,171.37 71,486,602.34
Including: Operating cost 0.00 6,606,202.77 4,498,814.25Chengde Dixian Textile Co., Ltd. The Third Quarterly Report For 2009 (Full Text)
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Interest expense
Commission charge and
commission expense
Cash surrender value
Net amount of expense of
compensation
Net amount of withdrawal of
insurance contract reserve
Bonus expense of guarantee
slip
Reinsurance expense
Operating tax and extras
Sales expenses 3,990.00 3,990.00
Administration expenses 4,161,780.29 1,558,600.04 33,027,240.20 32,348,499.05
Financial expenses 15,321.12 15,226.62 37,974,923.98 32,713,628.21
Losses of devaluation of
asset
641,355,310.93 581,012,433.52 3,112,814.42 1,921,670.83
Add: Changing income of
fair value(Loss is listed with “-”)
Investment income (Loss is
listed with “-”)
615,013,733.63
Including: Investment
income on affiliated company and
joint venture
Exchange income (Loss is
listed with “-”)
III. Operating profit (Loss is
listed with “-”)
-30,518,678.71 -582,586,260.18 -72,042,535.90 -68,590,887.81
Add: Non-operating income 855,362,630.48 577,298,505.71 767,070.09 313,194.02
Less: Non-operating expense 583,254,841.39 523,241,457.07 51,820.50 1,820.50
Including: Disposal loss of
non-current asset
IV. Total Profit (Loss is listed
with “-”)
241,589,110.38 -528,529,211.54 -71,327,286.31 -68,279,514.29
Less: Income tax expense
V. Net profit (Net loss is listed
with “-”)
241,589,110.38 -528,529,211.54 -71,327,286.31 -68,279,514.29
Net profit attributable to
owner’s of parent company
241,589,110.38 -528,529,211.54 -70,045,896.55
Minority shareholders’ gains
and losses
-1,281,389.76
VI. Earnings per share
i. Basic earnings per share 0.34 -0.10
ii. Diluted earnings per share 0.34 -0.10
VII. Other consolidated income
VIII. Total consolidated income 241,589,110.38 -528,529,211.54 -71,327,286.31 -68,279,514.29
Total consolidated income
attributable to owners of parent
company
241,589,110.38 -528,529,211.54 -70,045,896.55 -68,279,514.29
Total consolidated income
attributable to minority
-1,281,389.76Chengde Dixian Textile Co., Ltd. The Third Quarterly Report For 2009 (Full Text)
10
shareholders
4.4 Cash flow statement from year-begin to the end of report period
Prepared by Chengde Dixian Textile Co., Ltd. Jan.-Sep. 2009 Unit: RMB
Amount in this period Amount in last period
Items
Consolidation Parent Company Consolidation Parent Company
I. Cash flows arising from
operating activities:
Cash received from selling
commodities and providing labor
services
11,868,348.00 4,107,986.00
Net increase of customer
deposit and interbank deposit
Net increase of loan from
central bank
Net increase of capital
borrowed from other financial
institution
Cash received from original
insurance contract fee
Net cash received from
reinsurance business
Net increase of insured
savings and investment
Net increase of disposal of
transaction financial asset
Cash received from interest,
commission charge and
commission
Net increase of capital
borrowed
Net increase of returned
business capital
Write-back of tax received
Other cash received
concerning operating activities
2,559,648.06 2,559,648.06 2,213,812.92 9,047,096.55
Subtotal of cash inflow
arising from operating activities
2,559,648.06 2,559,648.06 14,082,160.92 13,155,082.55
Cash paid for purchasing
commodities and receiving labor
service
40,544.86 20,544.86
Net increase of customer loans
and advances
Net increase of deposits in
central bank and interbank
Cash paid for original
insurance contract compensation
Cash paid for interest,
commission charge and
commission
Cash paid for bonus of
guarantee slip
Cash paid to/for staff and
workers
1,124,270.00 819,811.00 3,825,695.56 3,600,731.56Chengde Dixian Textile Co., Ltd. The Third Quarterly Report For 2009 (Full Text)
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Taxes paid 398,245.78 19,971.81
Other cash paid concerning
operating activities
1,428,002.58 1,693,699.74 15,811,444.00 12,594,020.37
Subtotal of cash outflow
arising from operating activities
2,552,272.58 2,513,510.74 20,075,930.20 16,235,268.60
Net cash flows arising from
operating activities
7,375.48 46,137.32 -5,993,769.28 -3,080,186.05
II. Cash flows arising from
investing activities:
Cash received from recovering
investment
Cash received from
investment income
Net cash received from
disposal of fixed, intangible and
other long-term assets
300,000.00 300,000.00
Net cash received from
disposal of subsidiaries and other
units
Other cash received
concerning investing activities
Subtotal of cash inflow from
investing activities
300,000.00 300,000.00
Cash paid for purchasing
fixed, intangible and other
long-term assets
5,500.00 5,500.00 3,400.00 3,400.00
Cash paid for investment
Net increase of mortgaged
loans
Net cash received from
subsidiaries and other units
Other cash paid concerning
investing activities
Subtotal of cash outflow from
investing activities
5,500.00 5,500.00 3,400.00 3,400.00
Net cash flows arising from
investing activities
-5,500.00 -5,500.00 296,600.00 296,600.00
III. Cash flows arising from
financing activities
Cash received from absorbing
investment
Including: Cash received from
absorbing minority shareholders’
investment by subsidiaries
Cash received from loans
Cash received from issuing
bonds
Other cash received
concerning financing activities
Subtotal of cash inflow from
financing activities
Cash paid for settling debts
Cash paid for dividend and
profit distributing or interest payingChengde Dixian Textile Co., Ltd. The Third Quarterly Report For 2009 (Full Text)
12
Including: Dividend and profit
of minority shareholder paid by
subsidiaries
Other cash paid concerning
financing activities
13,510.00 13,510.00 40,717.20 40,717.20
Subtotal of cash outflow from
financing activities
13,510.00 13,510.00 40,717.20 40,717.20
Net cash flows arising from
financing activities
-13,510.00 -13,510.00 -40,717.20 -40,717.20
IV. Influence on cash and cash
equivalents due to fluctuation in
exchange rate
V. Net increase of cash and cash
equivalents
-11,634.52 27,127.32 -5,737,886.48 -2,824,303.25
Add: Balance of cash and cash
equivalents at the period -begin
447,257.73 365,685.40 6,316,017.15 3,250,011.31
VI. Balance of cash and cash
equivalents at the period -end
435,623.21 392,812.72 578,130.67 425,708.06
4.5 Auditor’s report
Auditor’s opinions: Un-audited
