Chengde Dalu Co., Ltd. First Quarterly Report 2012
Stock Code: 200160 Short Form of the Stock: ST Dalu B Public Notice No.: 2012-026
Chengde Dalu Co., Ltd.
The First Quarterly Report for 2012
§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 The Financial Report for the First Quarterly Report 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 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 At the period-end of the Changes of
period last year increase/decrease (%)
Total assets (RMB) 222,143,456.45 219,022,670.81 1.42%
Owners’ equity attributable to
shareholders of the listed company -26,929,187.71 -23,882,038.57 -12.76%
(RMB)
Total share capital (Share) 706,320,000.00 706,320,000.00 0.00%
Net asset per share attributable to
shareholders of listed company -0.038 -0.034 -12.76%
(RMB/Share)
The same period of last Changes of
In the report period
year increase/decrease (%)
Total operating income (RMB) 263,950.00 0.00 0.00%
Net profit attributable to shareholders of
-3,047,149.14 -1,933,932.15 -57.56%
the listed company (RMB)
Net cash flow arising from operating
3,138,746.49 20,118.66 15,501.17%
activities (RMB)
Net cash flow arising from operating
0.004 0.00003 13,233.33%
activities per share (RMB/Share)
Basic earnings per share (RMB/Share) -0.0043 -0.003 -43.33%
Diluted earnings per share (RMB/Share) -0.0043 -0.003 -43.33%
Weighted average return on equity (%) 0.00% 0.00% 0.00%
Weighted average return on equity after
deducting non-recurring gains and losses 0.00% 0.00% 0.00%
(%)
Item of non-recurring gains/losses
√Applicable □Inapplicable
Unit: RMB
Amount from year-begin Remarks (If
Items of non-recurring gains and losses
to period-end applicable)
Other non-operating income and expenditure except
-54,412.17
for the aforementioned items
Total -54,412.17 -
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Chengde Dalu Co., Ltd. First Quarterly Report 2012
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
22,448
at the end of report period
Particulars about shares held by the top ten shareholders of circulation shares
Number of circulation shares
Shareholders’ name Type of shares
held at the period-end
GUOTAI JUNAN
Domestically listed foreign
SECURITIES(HONGKONG) 60,340,849
shares
LIMITED
Domestically listed foreign
Shanghai H.K. Wangguo Securities 26,978,492
shares
Domestically listed foreign
Zhou Xiaomin 9,654,111
shares
Domestically listed foreign
Yu Sanxi 8,792,000
shares
Domestically listed foreign
Wang Wensheng 7,258,007
shares
Domestically listed foreign
Peng Wei 2,978,525
shares
Domestically listed foreign
Zhao Ziying 2,821,916
shares
Domestically listed foreign
Liu Tingyu 2,743,764
shares
Domestically listed foreign
Li Siquan 1,726,133
shares
Domestically listed foreign
Li Youhe 1,582,900
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
Monetary fund: amount at period-end decrease 3,065,734.31 yuan over that of period-begin with a
55.56% down. Mainly due to the construction amount paid for development of real estate project by
subsidiary;
Inventory: amount at period-end increase 5,451,500.00 yuan over that of period-begin with a
13.73% up. Mainly because real estate project of the subsidiary has not completed till end of this
period;
Account received in advance: amount at period-end increase 12,471,037.08 yuan over that of
period-begin with a 41.53% up. Mainly because house sales in advance of real estate project
increased;
Net profit attributable to shareholders of listed company: a y-o-y down of 1,113,216.99 yuan with a
57.56% down. Mainly because vary expenses are increased in this period;
Net cash flow arising from operation activities: a y-o-y growth of 3,118,627.83 yuan with a
15,501.17% up. Mainly because real estate project of the subsidiary has sold in advance;
3.2 Analysis and explanation of significant events and their influence and solutions
3.2.1 Particular about Qualified Opinion
√Applicable □Inapplicable
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Chengde Dalu Co., Ltd. First Quarterly Report 2012
In 2011, the Crowe Horwath CPA (special general partnership) carried out qualified auditor’s report
with paragraph of emphasized matters for the Company.
Emphasis events:
Attention for user of financial statement:
1. As stated in 1(1) ③ of Note IV., Chengde Xingye Papermaking Co., Ltd., was established jointly
by Dalu Co., Ltd. and H.K Century Win International Holding Ltd in 2001 with registered capital of
USD 250 million and paid-in capital of USD100 million. Capital investment from shareholders
occupied 40% of registered capital, consisting USD 75 million (a 75% in equity) invested by the
Company and USD 25 million (a 25% in equity) invested by H.K Century Win International Holding
Ltd. On 28 October 2002, regulated by “Reply of Capital Increase for Joint Venture of Chengde
Xingye Papermaking Co., ltd.” WJMZ EH[2001] No. 969 issued by Ministry of Foreign Trade &
Economic Cooperation, PRC (former Ministry of Commerce), register capital will increase to USD
250 million from USD 100 million, the capital increased fro investment should paid-up within 3
years since changes of the business license, by means regulated in contract and article of association,
agreed by tow parties. Increase register capital of Chengde Xingye Papermaking Co., ltd are not paid
in total by Dalu Co., Ltd. and H.K Century Win International Holding Ltd on time.
Confirmed by the Companies Registry of Hong Kong SAR Government, Century Win International
Holding Co., Ltd declared to dismiss on 20 May 2005. According to the ruling of Hebei senior
People's Court (2009) Ji Xing Er Zhong Zi 44 of 23 April 2009, Chengde Xingye Papermaking Co.,
Ltd was adjudicated a deceptive foreign- invested enterprise which was established by the original
shareholder of the Company Wangsuxian in the name of Century Win International Holding Co., Ltd.
2. As stated in Note 5 (6), previous registry capital of associated enterprise of Dalu Holding
Company Chengde Dahua Paper Industry Co., Ltd was USD 5 million which was increased to 6.364
billion yen after equity transfer and capital increase. The increased part wasn’t approved by China
Certified Public Accountant. Owing that Chengde Dahua Paper Industry Co., Ltd didn’t submit 2007
annual inspection materials of industry and commerce, its business license had been revoked by
CGSCZ (2009) No. 75 administrative penalty paper issued by Chengde Industry and Commerce
Administration Bureau on Apr. 28 of 2009.
3. As stated in Note 7 (3), Li Rui brings a suit against Chengde Rongyida Real Estate Development
Co., Ltd, subsidiary of Dalu Company and Chengda Dalu Co., Ltd. for infringement. And claim for
money consideration of 15 million yuan, the case open a court session dated 20 April 2012 and no
ruling results till end of 22 April 2012.
4. Ended as 31 December 2011, owners’ equity attributable to parent company for Dalu Co., Ltd.
amounting as -23,882,038.57 yuan; no main business income obtained for year of 2010 and 2011with
uncertainty for sustainable operation ability.
The statement of the above paragraphs has no effect on the expressed audit opinion.
The board of directors thought that, the proceedings involved in unqualified opinions with paragraph
of emphasized matters provided by Crowe Horwath CPA (special general partnership) existed which
were problems left in history, and could not have substantial influences on production and operation
of the Company. The board of directors attached importance to the emphasized issues and qualified
matters in the audit report, and is communicating with related department at present on negotiating
the solutions.
Concerning the above said lawsuits, the Company will response to suits proactively and released
relevant progress of lawsuits on time.
The lawsuits will be solved one by one while the Company back to right track gradually.
3.2.2 Particular about fund offered to shareholder or its related parties by the Company and
external guarantee with procedure violation
□Applicable √Inapplicable
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Chengde Dalu Co., Ltd. First Quarterly Report 2012
3.2.3 Particular about the significant contract of routine operation signed and implemented
□Applicable √Inapplicable
3.2.4 Other
□Applicable √Inapplicable
3.3 Implementations of commitments by the Company, shareholders and actual controller
Commitments make within the report period or persisted to the period by listed company and its
director, supervisor and senior executives, shareholder with over 5 percent shares held and its 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
Type of Reception Contents discussed and
Date Place Method
reception object materials supplied
Securities Telephone
Subsidy of the Company,
2012-01-06 Department of communicatio Individual Investors
no material provided
the Company n
Securities Telephone Performance in 2011 and
2012-01-18 Department of communicatio Individual Investors provided the prediction
the Company n notice on performance
Securities Telephone Current status of the
2012-02-19 Department of communicatio Individual Investors Company, no material
the Company n provided
Securities Telephone Progress of lawsuit of the
2012-03-23 Department of communicatio Individual Investors Company, no material
the Company n provided
Securities Telephone Suspension of the
2012-03-30 Department of communicatio Individual Investors Company, no material
the Company n provided
3.6 Particulars about derivatives investment
□Applicable √Inapplicable
3.6.1 Particulars about derivatives investment held at the end of report period
□Applicable √Inapplicable
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