Chengde Dalu Co., Ltd. The Third Quarterly Report For 2010 (Full Text)
1
Chengde Dalu Co., Ltd.
The Third Quarterly Report For 2010
(Full Text)
§1. Important Notes
1.1 The Board of Directors and the Supervisory Committee of Chengde Dalu 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 The Third Quarterly Financial Report 2010 of the Company has not been audited by CPAs.
1.3 Chen Rong, Principal of the Company; Wang Ansheng, Person in Charge of Accounting Works;
and Liu Fengguo, 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
2010.9.30 2009.12.31
Increase/decrease
scope (%)
Total assets (RMB) 180,904,544.88 183,328,923.59 -1.32%
Owners’ equities attributable to
the shareholders of listed
company (RMB)
-58,013,887.07 -51,338,938.68 13.00%
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)
-0.08 -0.07 -14.29%
July-Sep. 2010
Increase/decreas
e over the same
period of the
last year (%)
Jan.-Sep.2010
Increase/decreas
e over the same
period of the
last year (%)
Total operating income (RMB) 0.00 0.00% 0.00 0.00%
Net profit attributable to the
shareholders of listed company
(RMB)
-2,360,047.90 -102.09% -6,674,948.39 -102.76%
Net cash flow arising from
operating activities (RMB)
- - 4,613.92 -37.44%
Net cash flow arising from
operating activities per share
(RMB/Share)
- - 0.00001 0.00%
Basic earnings per share
(RMB/Share)
-0.003 -101.88% -0.01 -102.94%
Diluted earnings per share
(RMB/Share)
-0.003 -101.88% -0.01 -102.94%
Weighted average return on
equity (%)Chengde Dalu Co., Ltd. The Third Quarterly Report For 2010 (Full Text)
2
Weighted average return on
equity after deducting
non-recurring gains/losses (%)
Items of non-recurring gains and losses
Amount from year begin to
the end of report period
Remarks
Other non-operating income and expenditure beside for the
aforementioned items
-52,397.77 -
Total -52,397.77
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
24,097
Particulars about shares held by the top ten shareholders of circulation shares
Shareholders’ full 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
Shanghai Wanguo (Hong Kong)
Securities Co., Ltd.
2,945,164
Domestically listed foreign
shares
Zhao Ziying 2,600,416
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
Comparing with period-end of last year or same period of last year, main reasons for over 30%
changes in total operating income, net profit attributable to shareholders of listed company, net cash
flow arising from operating activities, basic earnings per share, diluted earnings per share and
weighted average return on equity: there has no restoring production in 2009, however, due to the
bankruptcy restructure of the Company, bankruptcy declaration of subsidiaries- Xiabancheng
Company, Fashion Company and Chengde Banhe Company and major amount profits fromChengde Dalu Co., Ltd. The Third Quarterly Report For 2010 (Full Text)
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reconciliation between Xingye Papermaking Company and its creditors, the Company earns a profit
in 2009 but without relevant cash inflow. In the year of 2010, the Company and its subsidiaries still
in the un-production situation and have no any operating activities that resulted in the losses in net
profit from 1 January 2010 to 30 September 2010 which caused the abovementioned items in major
changes.
3.2 Progress of significant events, their influences, and analysis and explanation of their
solutions
3.2.1 Qualified opinion
√Applicable □Inapplicable
In the year of 2009, Beijing Yong Tuo CPA Co., Ltd. audited the financial report of the Company and
issued an auditing report of qualified audit opinions with explanatory notes. The Board holds the
opinion that there exists the situation that listed in the auditing report of qualified audit opinions with
explanatory notes. The involved items are historical issue and have no material influence towards the
business operation of the Company. The Company highly attaches importance to the auditing report;
most parts of the issue in involved items have been solved. Concerning other issues the Company is
communicating with relevant department for solution plan. We believe, after the completion of
bankruptcy restructure, the Company will back into normal operation, the abovementioned issues
would be solved gradually.
3.2.2 Particular about fund offers to controlling shareholders or associated parties and
external guarantee that against the regulation.
□Applicable √Inapplicable
3.2.3 Particular about signing and implementation on significant contracts of ordinary
management.
□Applicable √Inapplicable
3.2.4 Others
√Applicable □Inapplicable
The consolidated statement in this period should not contain with the followed companies for
bankruptcy declaration, that is Chengde Dixian Fashion Co., Ltd., Hebei Xiabancheng Knitwear Co.,
Ltd. and Chengde Banhe Chemical Fiber Facsimile Fabric Co., Ltd.
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
3.5.1 Particular about security investment
□Applicable √InapplicableChengde Dalu Co., Ltd. The Third Quarterly Report For 2010 (Full Text)
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3.5.2 Activities on receiving research, communication and interview in the report period
Date Place Way
The received
parties
Contents discussed and
materials supplied
12 February
2010
Security
Department of the
Company
Phone
communication
Investor
The present status of the
Company and supplied no
materials
25 March
2010
Security
Department of the
Company
Phone
communication
Investor
Start-up situation of the main
business and supplied no
materials
12 April
2010
Security
Department of the
Company
Phone
communication
Investor
Auditing situation of 2009 and
supplied no materials
22 April
2010
Security
Department of the
Company
Phone
communication
Investor
situation of 2009 business
performance and express of
business performance 2009
provided.
17 May 2010
Security
Department of the
Company
Phone
communication
Investor
Situation of current assets and
Annual Report provided
20 May 2010
Security
Department of the
Company
Phone
communication
Investor
Situation of real estate
development and without
materials provided
9 June 2010
Security
Department of the
Company
Phone
communication
Investor
Situation of production
recovery without materials
provided.
29 June 2010
Security
Department of the
Company
Phone
communication
Investor
Current situation of the
Company without materials
provided
21 August
2010
Security
Department of the
Company
Phone
communication
Investor
Situation of production
recovery for the Company
and its subsidiary without
materials provided
12
September
2010
Security
Department of the
Company
Phone
communication
Investor
Current situation of the
Company without materials
provided
20
September
2010
Security
Department of the
Company
Phone
communication
Investor
Situation of real estate
development and without
materials provided
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 Dalu Co., Ltd. Sep. 30, 2010 Unit: RMBChengde Dalu Co., Ltd. The Third Quarterly Report For 2010 (Full Text)
5
Balance at period-end Balance at year-begin
Items
Consolidation Parent Company Consolidation Parent Company
Current assets:
Monetary funds 62,870.03 21,500.44 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 20,105,349.78 44,457,196.78 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 32,557,845.80 44,478,697.22 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 29,358,705.48 31,279,967.32
Construction in
progress
12,883,800.00 12,883,800.00
Engineering
material
Disposal of fixed
asset
Productive
biological assetChengde Dalu Co., Ltd. The Third Quarterly Report For 2010 (Full Text)
6
Oil and gas asset
Intangible assets 24,979,156.10 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 2,008,501.45
Other non-current
asset
76,900,806.40 76,900,806.40
Total non-current asset 148,346,699.08 632,808,502.45 150,734,087.03 632,808,502.45
Total assets 180,904,544.88 677,287,199.67 183,328,923.59 677,324,204.35
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 6,238,486.60 120,000.00 6,217,486.60 120,000.00
Taxes payable 9,285,176.01 -54,446.41 5,259,144.31 -34,717.11
Interest payable
Dividend payable
Other accounts
payable
193,571,738.58 142,682,661.88 192,510,256.74 141,820,505.74
Reinsurance
payables
Insurance contract
reserve
Security trading of
agency
Security sales of
agency
Non-current
liabilities due within 1
year
Other currentChengde Dalu Co., Ltd. The Third Quarterly Report For 2010 (Full Text)
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liabilities
Total current liabilities 214,748,738.92 143,389,279.65 209,640,225.38 142,546,852.81
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 225,346,738.95 143,487,279.68 220,238,225.41 142,644,852.84
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 -1,237,096,581.61 -643,883,218.14 -1,230,421,633.22 -643,003,786.62
Balance difference
of foreign currency
translation
Total owner’s equity
attributable to parent
company
-58,013,887.07 533,799,919.99 -51,338,938.68 534,679,351.51
Minority interests 13,571,693.00 14,429,636.86
Total owner’s equity -44,442,194.07 533,799,919.99 -36,909,301.82 534,679,351.51
Total liabilities and
owner’s equity
180,904,544.88 677,287,199.67 183,328,923.59 677,324,204.35
4.2 Profit statement in the report period
Prepared by Chengde Dalu Co., Ltd. July-Sep. 2010 Unit: RMB
Amount of this period Amount of last period
Items
Consolidation Parent Company Consolidation Parent Company
I. Total operating income 0.00 0.00 0.00
Including: Operating 0.00 0.00 0.00Chengde Dalu Co., Ltd. The Third Quarterly Report For 2010 (Full Text)
8
income
Interest income
Insurance gained
Commission charge
and commission income
II. Total operating cost 2,713,139.37 148,949.19 426,613,763.45 198,416.87
Including: Operating cost 0.00 0.00
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
2,713,122.92 -148,928.19 1,041,922.21 198,392.87
Financial expenses 16.45 21.00 24.00 24.00
Losses of
devaluation of asset
425,571,817.24
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 “-”)
-2,713,139.37 -148,949.19 -1,041,946.21 -198,416.87
Add: Non-operating
income
95,800,657.03
Less: Non-operating
expense
-18,377,495.84 -19,062,227.87
Including: Disposal
loss of non-current asset
IV. Total Profit (Loss is -2,713,139.37 -148,949.19 113,136,206.66 18,863,811.00Chengde Dalu Co., Ltd. The Third Quarterly Report For 2010 (Full Text)
9
listed with “-”)
Less: Income tax
expense
V. Net profit (Net loss is
listed with “-”)
-2,713,139.37 -148,949.19 113,136,206.66 18,863,811.00
Net profit
attributable to owner’s of
parent company
-2,360,047.90 -148,949.19 113,136,206.66 18,863,811.00
Minority
shareholders’ gains and
losses
-353,091.47
VI. Earnings per share
i. Basic earnings per
share
-0.003 0.16
ii. Diluted earnings per
share
-0.003 0.16
VII. Other consolidated
income
VIII. Total consolidated
income
-2,713,139.37 -148,949.19 113,136,206.66 18,863,811.00
Total consolidated
income attributable to
owners of parent
company
-2,360,047.90 -148,949.19 113,136,206.66 18,863,811.00
Total consolidated
income attributable to
minority shareholders
-353,091.47
4.3 Profit statement from year-begin to the end of report period
Prepared by Chengde Dalu Co., Ltd. Jan.-Sep. 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 7,480,494.48 827,033.75 645,532,412.34 582,586,260.18
Including: Operating cost 0.00 0.00
Interest expense
Commission charge
and commission expense
Cash surrender
value
Net amount of
expense of compensationChengde Dalu Co., Ltd. The Third Quarterly Report For 2010 (Full Text)
10
Net amount of
withdrawal of insurance
contract reserve
Bonus expense of
guarantee slip
Reinsurance
expense
Operating tax and
extras
Sales expenses
Administration
expenses
7,479,367.40 825,892.75 4,161,780.29 1,558,600.04
Financial expenses 1,127.08 1,141.00 15,321.12 15,226.62
Losses of
devaluation of asset
641,355,310.93 581,012,433.52
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 “-”)
-7,480,494.48 -827,033.75 -30,518,678.71 -582,586,260.18
Add: Non-operating
income
-4,448.77 -4,448.77 855,362,630.48 577,298,505.71
Less: Non-operating
expense
47,949.00 47,949.00 583,254,841.39 523,241,457.07
Including: Disposal
loss of non-current asset
IV. Total Profit (Loss is
listed with “-”)
-7,532,892.25 -879,431.52 241,589,110.38 -528,529,211.54
Less: Income tax
expense
V. Net profit (Net loss is
listed with “-”)
-7,532,892.25 -879,431.52 241,589,110.38 -528,529,211.54
Net profit
attributable to owner’s of
parent company
-6,674,948.39 -879,431.52 241,589,110.38 -528,529,211.54
Minority
shareholders’ gains and
losses
-857,943.86
VI. Earnings per share
i. Basic earnings per
share
-0.01 0.34Chengde Dalu Co., Ltd. The Third Quarterly Report For 2010 (Full Text)
11
ii. Diluted earnings per
share
-0.01 0.34
VII. Other consolidated
income
VIII. Total consolidated
income
-7,532,892.25 -879,431.52 241,589,110.38 -528,529,211.54
Total consolidated
income attributable to
owners of parent
company
-6,674,948.39 -879,431.52 241,589,110.38 -528,529,211.54
Total consolidated
income attributable to
minority shareholders
-857,943.86
4.4 Cash flow statement from year-begin to the end of report period
Prepared by Chengde Dalu Co., Ltd. Jan.-Sep. 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 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 borrowedChengde Dalu Co., Ltd. The Third Quarterly Report For 2010 (Full Text)
12
Net increase of
returned business capital
Write-back of tax
received
Other cash received
concerning operating
activities
1,425,732.05 1,425,718.13 2,559,648.06 2,559,648.06
Subtotal of cash
inflow arising from
operating activities
1,425,732.05 1,425,718.13 2,559,648.06 2,559,648.06
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
236,000.00 236,000.00 1,124,270.00 819,811.00
Taxes paid
Other cash paid
concerning operating
activities
1,185,118.13 1,185,118.13 1,428,002.58 1,693,699.74
Subtotal of cash
outflow arising from
operating activities
1,421,118.13 1,421,118.13 2,552,272.58 2,513,510.74
Net cash flows
arising from operating
activities
4,613.92 4,600.00 7,375.48 46,137.32
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 otherChengde Dalu Co., Ltd. The Third Quarterly Report For 2010 (Full Text)
13
long-term assets
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 financingChengde Dalu Co., Ltd. The Third Quarterly Report For 2010 (Full Text)
14
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
4,613.92 4,600.00 -11,634.52 27,127.32
Add: Balance of
cash and cash equivalents
at the period -begin
447,257.73 365,685.40
VI. Balance of cash and
cash equivalents at the
period -end
4,613.92 4,600.00 435,623.21 392,812.72
4.5 Auditor’s report
Auditor’s opinions: Un-audited
