Chengde Dalu Co., Ltd. The Third Quarterly Report for 2011 (Full-text)
Chengde Dalu Co., Ltd.
The Third Quarterly Report For 2011
(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 2011 of the Company has not been audited by CPAs.
1.3 Yan Qizhong, 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:
In RMB Yuan
Increase/decrease
2011.9.30 2010.12.31
scope (%)
Total assets (RMB) 211,568,199.64 199,976,147.64 5.80%
Owners’ equity attributable to
shareholders of listed company -35,951,641.87 -27,525,241.03 -30.61%
(RMB)
Share capital (Share) 706,320,000.00 706,320,000.00 0.00%
Net assets per share attributable
to shareholders of listed -0.051 -0.039 -30.77%
company (RMB/Share)
Increase/decreas Increase/decreas
July-Sep. of e over the same Jan.-Sep. of e over the same
2011 period of the 2011 period of the
last year (%) last year (%)
Total operating income (RMB) 8,750.00 30,000.00 0.00%
Net profit attributable to
shareholders of listed company -4,357,349.05 -84.63% -8,426,400.84 -26.24%
(RMB)
Net cash flow arising from
- - -7,763,305.97 -168,358.36%
operating activities (RMB)
Net cash flow per share arising
from operating activities - - -0.011 -168,358.36%
(RMB/Share)
Basic earnings per share
-0.006 -100.00% -0.012 -20.00%
(RMB/Share)
Diluted earnings per share
-0.006 -100.00% -0.012 -20.00%
(RMB/Share)
Weighted average return on
0.00% 0.00% 0.00%
equity (%)
Weighted average return on
0.00% 0.00% 0.00% 0.00%
equity after deducting
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Chengde Dalu Co., Ltd. The Third Quarterly Report for 2011 (Full-text)
non-recurring gains/losses (%)
Items of non-recurring gains and losses
√Applicable □Inapplicable
In RMB Yuan
Items of non-recurring gains and losses Remarks(If
Amount
applicable)
Gains & losses from disposal of non-current assets 0.00
Other non-operating income and expenditure beside
868,739.49
for the aforementioned items
Total 868,739.49 -
2.2 Total number of shareholders at the end of the report period and shares held by the top
ten shareholders of circulation share
In Share
Total number of shareholders
22,793
at the end of report period
Particulars about shares held by the top ten shareholders of circulation shares
Number of circulation shares
Shareholders’ full name Type
held at the period-end
GUOTAI JUNAN
Domestically listed foreign
SECURITIES(HONGKONG) 61,102,649
shares
LIMITED
Shanghai Wanguo (Hong Kong) Domestically listed foreign
27,728,491
Securities Co., Ltd. shares
Domestically listed foreign
Zhou Xiaomin 9,654,111
shares
Domestically listed foreign
Yu Sanxi 8,741,210
shares
Domestically listed foreign
Wang Wensheng 7,258,007
shares
Domestically listed foreign
Peng Wei 2,978,525
shares
Domestically listed foreign
Zhao Ziying 2,600,416
shares
Domestically listed foreign
Li Siquan 1,726,133
shares
Domestically listed foreign
Li Youhe 1,544,700
shares
Domestically listed foreign
Ye Guang 1,511,500
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
1. Large changes in net cash flow arising from activities mainly cause by the project fund that have
been paid in advance by Chengde Rongyida Real Estate Development Co., Ltd., the wholly-owned
subsidiary of the Company.
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Chengde Dalu Co., Ltd. The Third Quarterly Report for 2011 (Full-text)
2. Changes in owners’ equity attributable to shareholder of listed company mainly due to deficit of
the Company.
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 2010, Crowe Horwath 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. 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; currently, the Company is
communicating with relevant department for solution plan. We believe, the abovementioned issues
would be solved gradually while the Company back into its normal operation.
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
Commitments made by the listed company and its directors, supervisors, senior executives, the
shareholders with holding above 5% shares and its actual controller in the report period or lasting
until the report period.
□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 √Inapplicable
3.5.2 Activities on receiving research, communication and interview in the report period
The received Contents discussed and
Date Place Way
parties materials supplied
Present situation of profit
Security
Telephone constitution for semi-annual
2011-07-11 Department of the Investor
communication as well as the Semi-Annual
Company
Report
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Chengde Dalu Co., Ltd. The Third Quarterly Report for 2011 (Full-text)
Security Situation of production
Telephone
2011-08-16 Department of the Investor recovery without materials
communication
Company provided
Security Situation of real estate
Telephone
2011-08-24 Department of the Investor development and without
communication
Company materials provided
Security Situation of real estate
Telephone
2011-09-07 Department of the Investor development and without
communication
Company materials provided
Disclosure schedule for third
Security
Telephone quarterly report of the
2011-09-29 Department of the Investor
communication Company, and provided no
Company
materials
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. Sept. 30, of 2011 In RMB Yuan
Balance at period-end Balance at year-begin
Items
Consolidation Parent Company Consolidation Parent Company
Current assets:
Monetary funds 2,227,173.43 9,834.90 9,723,008.25 37,197.70
Settlement
provisions
Capital lent
Transaction finance
asset
Notes receivable
Accounts receivable
Accounts paid in
21,154,896.25 20,084,632.25 20,084,632.25 20,084,632.25
advance
Insurance receivable
Reinsurance
receivables
Contract reserve of
reinsurance receivable
Interest receivable
Dividend receivable
Other receivables 34,593,556.29 300,481.99 30,485,301.52 278,347.22
Purchase restituted
finance asset
Inventories 35,691,394.54 17,742,081.41
Non-current asset
due within one year
Other current assets 1,093,527.39 1,093,527.39
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Chengde Dalu Co., Ltd. The Third Quarterly Report for 2011 (Full-text)
Total current assets 94,760,547.90 20,394,949.14 79,128,550.82 20,400,177.17
Non-current assets:
Granted loans and
advances
Finance asset
available for sales
Held-to-maturity
investment
Long-term account
receivable
Long-term equity
2,215,729.65 58,925,880.26 2,215,729.65 58,925,880.26
investment
Investment property
Fixed assets 60,454,649.23 62,653,329.49
Construction in
6,721,818.00 6,721,818.00
progress
Engineering
material
Disposal of fixed
asset
Productive
biological asset
Oil and gas asset
Intangible assets 24,357,654.62 24,823,780.73
Expense on
Research and
Development
Goodwill
Long-term expenses
to be apportioned
Deferred income tax
asset
Other non-current
23,057,800.24 24,432,938.95
asset
Total non-current asset 116,807,651.74 58,925,880.26 120,847,596.82 58,925,880.26
Total assets 211,568,199.64 79,320,829.40 199,976,147.64 79,326,057.43
Current liabilities:
Short-term loans 422,261.91 422,261.91 422,261.91 422,261.91
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
20,768,952.92
in advance
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Chengde Dalu Co., Ltd. The Third Quarterly Report for 2011 (Full-text)
Selling financial
asset of repurchase
Commission charge
and commission payable
Wage payable 6,355,286.60 257,800.00 6,395,486.60 277,000.00
Taxes payable 71,929,533.74 -84,698.85 72,070,571.83 -62,298.33
Interest payable
Dividend payable
Other accounts
128,714,568.61 118,046,476.01 128,516,654.41 117,654,080.62
payable
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 228,421,679.60 118,860,641.34 207,636,050.57 118,509,846.47
Non-current liabilities:
Long-term loans 6,398,000.00 6,398,000.00
Bonds payable
Long-term account
payable
Special accounts
10,598,000.03 98,000.03 10,598,000.03 98,000.03
payable
Projected liabilities
Deferred income tax
liabilities
Other non-current
liabilities
Total non-current
16,996,000.03 98,000.03 16,996,000.03 98,000.03
liabilities
Total liabilities 245,417,679.63 118,958,641.37 224,632,050.60 118,607,846.50
Owner’s equity (or
shareholders’ equity):
Paid-in capital (or
706,320,000.00 706,320,000.00 706,320,000.00 706,320,000.00
share capital)
Capital public
450,765,443.10 449,365,886.69 450,765,443.10 449,365,886.69
reserve
Less: Inventory
shares
Reasonable reserve
Surplus public 76,791,550.17 76,791,550.17 76,791,550.17 76,791,550.17
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Chengde Dalu Co., Ltd. The Third Quarterly Report for 2011 (Full-text)
reserve
Provision of general
risk
Retained profit -1,269,828,635.14 -1,272,115,248.83 -1,261,402,234.30 -1,271,759,225.93
Balance difference
of foreign currency
translation
Total owner’s equity
attributable to parent -35,951,641.87 -39,637,811.97 -27,525,241.03 -39,281,789.07
company
Minority interests 2,102,161.88 2,869,338.07
Total owner’s equity -33,849,479.99 -39,637,811.97 -24,655,902.96 -39,281,789.07
Total liabilities and
211,568,199.64 79,320,829.40 199,976,147.64 79,326,057.43
owner’s equity
4.2 Profit statement in the report period
Prepared by Chengde Dalu Co., Ltd. July-Sept. of 2011 In RMB Yuan
Amount of this period Amount of last period
Items
Consolidation Parent Company Consolidation Parent Company
I. Total operating income 8,750.00 0.00 0.00 0.00
Including: Operating
8,750.00 0.00 0.00
income
Interest income
Insurance gained
Commission charge
and commission income
II. Total operating cost 4,129,447.51 182,478.47 2,713,139.37 148,949.19
Including: Operating cost 0.00 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
3,705,032.53 182,446.97 2,713,122.92 -148,928.19
expenses
Financial expenses 424,414.98 31.50 16.45 21.00
Losses of
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Chengde Dalu Co., Ltd. The Third Quarterly Report for 2011 (Full-text)
devaluation of asset
Add: Changing
income of fair value(Loss
is listed with “-”)
Investment income
(Loss is listed with “-”)
Including:
Investment income on
affiliated company and
joint venture
Exchange income
(Loss is listed with “-”)
III. Operating profit
-4,120,697.51 -182,478.47 -2,713,139.37 -148,949.19
(Loss is listed with “-”)
Add: Non-operating
income
Less: Non-operating
expense
Including: Disposal
loss of non-current asset
IV. Total Profit (Loss is
-4,120,697.51 -182,478.47 -2,713,139.37 -148,949.19
listed with “-”)
Less: Income tax
684,105.80
expense
V. Net profit (Net loss is
-4,804,803.31 -182,478.47 -2,713,139.37 -148,949.19
listed with “-”)
Net profit
attributable to owner’s of -4,357,349.05 -182,478.47 -2,360,047.90 -148,949.19
parent company
Minority
shareholders’ gains and -447,454.26 -353,091.47
losses
VI. Earnings per share
i. Basic earnings per
-0.006 -0.003
share
ii. Diluted earnings per
-0.006 -0.003
share
VII. Other consolidated
income
VIII. Total consolidated
-4,804,803.31 -182,478.47 -2,713,139.37 -148,949.19
income
Total consolidated
income attributable to
-4,357,349.05 -182,478.47 -2,360,047.90 -148,949.19
owners of parent
company
Total consolidated
income attributable to -447,454.26 -353,091.47
minority shareholders
The merger realized RMB 0.00 of net profit before consolidation as for corporation consolidation
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Chengde Dalu Co., Ltd. The Third Quarterly Report for 2011 (Full-text)
under the same control.
4.3 Profit statement from year-begin to the end of report period
Prepared by Chengde Dalu Co., Ltd. Jan.-Sept. of 2011 In RMB Yuan
Amount in this period Amount in last period
Items
Consolidation Parent Company Consolidation Parent Company
I. Total operating income 30,000.00 0.00 0.00 0.00
Including: Operating
30,000.00 0.00 0.00
income
Interest income
Insurance gained
Commission charge
and commission income
II. Total operating cost 9,404,710.08 353,751.39 7,480,494.48 827,033.75
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
10,295.16
extras
Sales expenses
Administration
8,965,150.95 353,704.39 7,479,367.40 825,892.75
expenses
Financial expenses 429,263.97 47.00 1,127.08 1,141.00
Losses of
devaluation of asset
Add: Changing
income of fair value(Loss
is listed with “-”)
Investment income
(Loss is listed with “-”)
Including:
Investment income on
affiliated company and
joint venture
Exchange income
(Loss is listed with “-”)
III. Operating profit -9,374,710.08 -353,751.39 -7,480,494.48 -827,033.75
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Chengde Dalu Co., Ltd. The Third Quarterly Report for 2011 (Full-text)
(Loss is listed with “-”)
Add: Non-operating
1,021,011.00 -4,448.77 -4,448.77
income
Less: Non-operating
152,271.51 2,271.51 47,949.00 47,949.00
expense
Including: Disposal
loss of non-current asset
IV. Total Profit (Loss is
-8,505,970.59 -356,022.90 -7,532,892.25 -879,431.52
listed with “-”)
Less: Income tax
687,606.44
expense
V. Net profit (Net loss is
-9,193,577.03 -356,022.90 -7,532,892.25 -879,431.52
listed with “-”)
Net profit
attributable to owner’s of -8,426,400.84 -356,022.90 -6,674,948.39 -879,431.52
parent company
Minority
shareholders’ gains and -767,176.19 -857,943.86
losses
VI. Earnings per share
i. Basic earnings per
-0.012 -0.01
share
ii. Diluted earnings per
-0.012 -0.01
share
VII. Other consolidated
income
VIII. Total consolidated
-9,193,577.03 -356,022.90 -7,532,892.25 -879,431.52
income
Total consolidated
income attributable to
-8,426,400.84 -356,022.90 -6,674,948.39 -879,431.52
owners of parent
company
Total consolidated
income attributable to -767,176.19 -857,943.86
minority shareholders
The merger realized RMB 0.00 of net profit before consolidation as for corporation consolidation
under the same control that occurred from year-begin to end of this period.
4.4 Cash flow statement from year-begin to the end of report period
Prepared by Chengde Dalu Co., Ltd. Jan.-Sept. of 2011 In RMB Yuan
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 20,768,952.92
providing labor services
Net increase of
customer deposit and
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Chengde Dalu Co., Ltd. The Third Quarterly Report for 2011 (Full-text)
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 11,574,216.18 480,894.60 1,425,732.05 1,425,718.13
activities
Subtotal of cash
inflow arising from 32,343,169.10 480,894.60 1,425,732.05 1,425,718.13
operating activities
Cash paid for
purchasing commodities
17,596,558.42
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
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Chengde Dalu Co., Ltd. The Third Quarterly Report for 2011 (Full-text)
Cash paid for bonus
of guarantee slip
Cash paid to/for
557,450.00 200,200.00 236,000.00 236,000.00
staff and workers
Taxes paid 5,605,110.75
Other cash paid
concerning operating 16,347,355.90 308,057.40 1,185,118.13 1,185,118.13
activities
Subtotal of cash
outflow arising from 40,106,475.07 508,257.40 1,421,118.13 1,421,118.13
operating activities
Net cash flows
arising from operating -7,763,305.97 -27,362.80 4,613.92 4,600.00
activities
II. Cash flows arising
from investing activities:
Cash received from
recovering investment
Cash received from
investment income
Net cash received
from disposal of fixed,
967,298.00
intangible and other
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 967,298.00
activities
Cash paid for
purchasing fixed,
316,210.41
intangible and other
long-term assets
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 316,210.41
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Chengde Dalu Co., Ltd. The Third Quarterly Report for 2011 (Full-text)
outflow from investing
activities
Net cash flows
arising from investing 651,087.59
activities
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
14,800,000.00
loans
Cash received from
issuing bonds
Other cash received
concerning financing
activities
Subtotal of cash
inflow from financing 14,800,000.00
activities
Cash paid for
14,900,000.00
settling debts
Cash paid for
dividend and profit
283,616.44
distributing or interest
paying
Including: Dividend
and profit of minority
shareholder paid by
subsidiaries
Other cash paid
concerning financing
activities
Subtotal of cash
outflow from financing 15,183,616.44
activities
Net cash flows
arising from financing -383,616.44
activities
IV. Influence on cash and
cash equivalents due to
fluctuation in exchange
rate
V. Net increase of cash -7,495,834.82 -27,362.80 4,613.92 4,600.00
and cash equivalents
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Chengde Dalu Co., Ltd. The Third Quarterly Report for 2011 (Full-text)
Add: Balance of
cash and cash equivalents 9,723,008.25 37,197.70 58,256.11 16,900.44
at the period -begin
VI. Balance of cash and
cash equivalents at the 2,227,173.43 9,834.90 62,870.03 21,500.44
period -end
4.5 Auditor’s report
Auditor’s opinions: Un-audited
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