Chengde Dalu Co., Ltd. The First Quarterly Report for 2010(Full Text)
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Chengde Dalu Co., Ltd.
The First Quarterly Report for 2010
(Full Text)
§1. Important Notes
1.1 Board of Directors and the Supervisory Committee of Chengde Dalu Co., Ltd. (hereinafter
referred to as the Company) and its directors, supervisors and senior executives hereby confirm that
there are no any fictitious statements, misleading statements, or important omissions 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 Other directors attended the meeting on examining the Quarterly Report except for the
following directors
Name of absent
directors
Title Reason of absence
Name of
entrusted
N/A N/A N/A N/A
1.3 The Financial Report for the First Quarterly Report of the Company has not been audited by
CPAs.
1.4 Chen Rong, Principal of the Company; Wang Ansheng, Person in Charge of Accounting Works;
and Liu Fengguo, Person in Charge of Accounting Organ (Accounting Supervisor) hereby confirm
that the Financial Report of the First Quarterly Report is true and complete.
§2. Company Profile
2.1 Main accounting highlights and financial indexes
Unit: RMB
At the end of the report
period
At the period-end of the
last year
Changes of
increase/decrease (%)
Total assets (RMB) 182,678,592.21 183,328,923.59 -0.35%
Owners’ equity attributable to
shareholders of the listed company
(RMB)
-53,272,870.83 -51,338,938.68 -3.77%
Share capital (Share) 706,320,000.00 706,320,000.00 0.00%
Net asset per share attributable to
shareholders of listed company
(RMB/Share)
-0.08 -0.07 -98.86%
In the report period
The same period of last
year
Changes of
increase/decrease (%)
Total operating income (RMB) 0.00 0.00 0.00%
Net profit attributable to shareholders of
the listed company (RMB)
-1,933,932.15 239,682,746.79 -100.81%
Net cash flow arising from operating
activities (RMB)
20,118.66 -382,585.32 105.26%
Net cash flow arising from operating
activities per share (RMB/Share)
0.00003 -0.001 103.00%
Basic earnings per share (RMB/Share) -0.003 0.34 -100.88%
Diluted earnings per share (RMB/Share) -0.003 0.34 -100.88%Chengde Dalu Co., Ltd. The First Quarterly Report for 2010(Full Text)
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Weighted average return on equity (%) - - -
Weighted average return on equity after
deducting non-recurring gains and losses
(%)
- - -
Items of non-recurring gains and losses
Amount from
year-begin to the end
of report period
Influenced amount of minority shareholders -252,376.20
Other items of gains/losses conforming to the definition of non-recurring
gains and losses
-2,404.77
Total -254,780.97
Explanations on items of significant non-recurring gains and losses
N/A
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
25,194
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
Wang Wensheng 7,258,007 Domestically listed foreign shares
Peng Wei 2,978,525 Domestically listed foreign shares
UBS CUSTODY SERVICES
SINGAPORE PTE.LTD
2,974,229 Domestically listed foreign shares
Shanghai Wanguo Securities(Hong
Kong)Co., Ltd.
2,945,164 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
3.2 Analysis and explanation of significant events and their influence and solutions
□Applicable √InapplicableChengde Dalu Co., Ltd. The First Quarterly Report for 2010(Full Text)
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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 Other significant events which need explanations
3.5.1 Particulars about securities investment
□Applicable √Inapplicable
3.5.2 Registration form for receiving research, communication and interview in the report period
Date Place Way
The received
parties
Contents discussed and
materials supplied
Feb. 12, 2010
Securities
Department of
the Company
Telephone
communication
Investors
Present status of the
Company, and no materials
was supplied.
March 25, 2010
Securities
Department of
the Company
Telephone
communication
Investors
Starting progress of main
operations of the Company,
and no materials were
supplied.
April 12, 2010
Securities
Department of
the Company
Telephone
communication
Investors
2009 annual audits of the
Company, and no materials
were supplied.
April 22, 2010
Securities
Department of
the Company
Telephone
communication
Investors
Performances in 2009, and
Performance Forecast for
2009 was supplied.
3.5.3 Particulars about the explanations on other significant events
□Applicable √Inapplicable
3.6 Particulars about derivatives investment
□Applicable √Inapplicable
3.6.1 Particulars about derivatives investment held at the end of report period
□Applicable √Inapplicable
§4. Appendix
4.1 Balance sheet
Prepared by Chengde Dalu Co., Ltd. March 31, 2010 Unit: RMB
Balance at period-end Balance at year-begin
Items Consolidation Parent Company Consolidation Parent CompanyChengde Dalu Co., Ltd. The First Quarterly Report for 2010(Full Text)
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Current assets:
Monetary funds 78,374.77 37,014.44 58,256.11 16,900.44
Settlement provisions
Capital lent
Transaction finance asset
Notes receivable
Accounts receivable
Accounts paid in advance
Insurance receivable
Reinsurance receivables
Contract reserve of
reinsurance receivable
Interest receivable
Dividend receivable
Other receivables 20,138,013.38 44,489,860.38 20,146,954.46 44,498,801.46
Purchase restituted finance
asset
Inventories 11,296,098.60 11,296,098.60
Non-current asset due
within one year
Other current assets 1,093,527.39 1,093,527.39
Total current assets 32,606,014.14 44,526,874.82 32,594,836.56 44,515,701.90
Non-current assets:
Granted loans and
advances
Finance asset available for
sales
Held-to-maturity
investment
Long-term account
receivable
Long-term equity
investment
2,215,729.65 630,800,001.00 2,215,729.65 630,800,001.00
Investment property
Fixed assets 30,773,833.73 31,279,967.32
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 25,289,906.84 25,445,282.21
Expense on Research and
Development
Goodwill
Long-term expenses to be
apportioned
Deferred income tax asset 2,008,501.45 2,008,501.45 2,008,501.45 2,008,501.45Chengde Dalu Co., Ltd. The First Quarterly Report for 2010(Full Text)
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Other non-current asset 76,900,806.40 76,900,806.40
Total non-current asset 150,072,578.07 632,808,502.45 150,734,087.03 632,808,502.45
Total assets 182,678,592.21 677,335,377.27 183,328,923.59 677,324,204.35
Current liabilities:
Short-term loans 5,422,261.91 422,261.91 5,422,261.91 422,261.91
Loan from central bank
Absorbing deposit and
interbank deposit
Capital borrowed
Transaction financial
liabilities
Notes payable
Accounts payable 231,075.82 218,802.27 231,075.82 218,802.27
Accounts received in
advance
Selling financial asset of
repurchase
Commission charge and
commission payable
Wage payable 6,217,486.60 120,000.00 6,217,486.60 120,000.00
Taxes payable 6,600,638.11 -41,810.31 5,259,144.31 -34,717.11
Interest payable
Dividend payable
Other accounts payable 192,704,739.91 141,988,037.91 192,510,256.74 141,820,505.74
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 211,176,202.35 142,707,291.78 209,640,225.38 142,546,852.81
Non-current liabilities:
Long-term loans
Bonds payable
Long-term account
payable
Special accounts payable 10,598,000.03 98,000.03 10,598,000.03 98,000.03
Projected liabilities
Deferred income tax
liabilities
Other non-current
liabilities
Total non-current liabilities 10,598,000.03 98,000.03 10,598,000.03 98,000.03
Total liabilities 221,774,202.38 142,805,291.81 220,238,225.41 142,644,852.84
Owner’s equity (or
shareholders’ equity):Chengde Dalu Co., Ltd. The First Quarterly Report for 2010(Full Text)
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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 -1,232,355,565.37 -643,153,052.67 -1,230,421,633.22 -643,003,786.62
Balance difference of
foreign currency translation
Total owner’s equity
attributable to parent company
-53,272,870.83 534,530,085.46 -51,338,938.68 534,679,351.51
Minority interests 14,177,260.66 14,429,636.86
Total owner’s equity -39,095,610.17 534,530,085.46 -36,909,301.82 534,679,351.51
Total liabilities and owner’s
equity
182,678,592.21 677,335,377.27 183,328,923.59 677,324,204.35
4.2 Profit statement
Prepared by Chengde Dalu Co., Ltd. Jan.-Mar. 2010 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 0.00 0.00
Including: Operating income 0.00 0.00 0.00 0.00
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 2,183,903.58 146,861.28 1,328,587.91 373,491.33
Including: Operating cost 0 0 0
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
Administration expenses 2,182,908.24 145,861.28 1,315,077.91 359,981.33
Financial expenses 995.34 1,000.00 13,510.00 13,510.00
Losses of devaluation of
asset
Add: Changing income ofChengde Dalu Co., Ltd. The First Quarterly Report for 2010(Full Text)
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fair value(Loss is listed with
“-”)
Investment income (Loss
is listed with “-”)
234,074,886.90
Including: Investment
income on affiliated company
and joint venture
Exchange income (Loss is
listed with “-”)
III. Operating profit (Loss is
listed with “-”)
-2,183,903.58 -146,861.28 232,746,298.99 -373,491.33
Add: Non-operating
income
-4,448.77 -4,448.77 6,937,497.80 6,937,497.80
Less: Non-operating
expense
-2,044.00 -2,044.00 1,050.00 1,050.00
Including: Disposal loss of
non-current asset
IV. Total Profit (Loss is listed
with “-”)
-2,186,308.35 -149,266.05 239,682,746.79 6,562,956.47
Less: Income tax 0.00
V. Net profit (Net loss is listed
with “-”)
-2,186,308.35 -149,266.05 239,682,746.79 6,562,956.47
Net profit attributable to
owner’s equity of parent
company
-1,933,932.15 -149,266.05 239,682,746.79 6,562,956.47
Minority shareholders’
gains and losses
-252,376.20
VI. Earnings per share
i. Basic earnings per share -0.003 0.34
ii. Diluted earnings per share -0.003 0.34
VII. Other consolidated income
VIII. Total consolidated income -2,186,308.35 -149,266.05 239,682,746.79 6,562,956.47
Total consolidated income
attributable to owners of parent
company
-1,933,932.15 -149,266.05 239,682,746.79 6,562,956.47
Total consolidated income
attributable to minority
shareholders
-252,376.20
4.3 Cash flow statement
Prepared by Chengde Dalu Co., Ltd. Jan.-Mar. 2010 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
Net increase of customer
deposit and interbank deposit
Net increase of loan from
central bankChengde Dalu Co., Ltd. The First Quarterly Report for 2010(Full Text)
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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
170,365.26 170,360.60 4,517.00 4,517.00
Subtotal of cash inflow
arising from operating activities
170,365.26 170,360.60 4,517.00 4,517.00
Cash paid for purchasing
commodities and receiving labor
service
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
69,200.00 69,200.00 72,000.00 72,000.00
Taxes paid
Other cash paid concerning
operating activities
81,046.60 81,046.60 315,102.32 276,340.48
Subtotal of cash outflow
arising from operating activities
150,246.60 150,246.60 387,102.32 348,340.48
Net cash flows arising from
operating activities
20,118.66 20,114.00 -382,585.32 -343,823.48
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 assetsChengde Dalu Co., Ltd. The First Quarterly Report for 2010(Full Text)
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Net cash received from
disposal of subsidiaries and
other units
Other cash received
concerning investing activities
Subtotal of cash inflow
from investing activities
Cash paid for purchasing
fixed, intangible and other
long-term assets
5,500.00 5,500.00
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
Net cash flows arising from
investing activities
-5,500.00 -5,500.00
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
paying
Including: Dividend and
profit of minority shareholder
paid by subsidiaries
Other cash paid concerning
financing activities
13,510.00 13,510.00
Subtotal of cash outflow
from financing activities
13,510.00 13,510.00
Net cash flows arising from
financing activities
-13,510.00 -13,510.00
IV. Influence on cash and cash
equivalents due to fluctuation in
exchange rate
V. Net increase of cash and cash
equivalents
20,118.66 20,114.00 -401,595.32 -362,833.48
Add: Balance of cash andChengde Dalu Co., Ltd. The First Quarterly Report for 2010(Full Text)
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cash equivalents at the period
-begin
VI. Balance of cash and cash
equivalents at the period -end
20,118.66 20,114.00 -401,595.32 -362,833.48
4.4 Auditor’s report
Auditor’s opinions: Un-audited
