承德南江股份有限公司 2016 年第一季度报告全文 Chengde Nanjiang Co., Ltd. First Quarterly Report 2016 April 2016 1 承德南江股份有限公司 2016 年第一季度报告全文 Section I. Important Notes Board of Directors and the Supervisory Committee of Chengde Nanjiang Co., Ltd. (hereinafter referred to as the Company) and its directors, supervisors and senior executives should guarantee the reality, accuracy and completion of the quarterly report, there are no any fictitious statements, misleading statements or important omissions carried in this report, and shall take legal responsibilities, individual and/or joint. All Directors are attended the Board Meeting for Quarterly Report deliberation. Zhao Yongsheng, Person in charge of the Company, Zhao Yongsheng, person in charger of accounting works and Liu Guofeng, person in charger of accounting organ (accounting officer) hereby confirm that the Financial Report of this Quarterly Report is authentic, accurate and complete. 2 承德南江股份有限公司 2016 年第一季度报告全文 Section II. Main financial data and changes of shareholders I. Main accounting data and financial indexes Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting error correction or not √Yes □ No Changes of this period Same period of last year over same period of last Current Period year Before adjustment After adjustment After adjustment Operating income (RMB) 46,379,194.49 76,700,090.57 26,398,533.74 75.69% Net profit attributable to shareholders of the listed 1,078,731.20 -6,512,864.22 -6,204,376.06 117.39% company(RMB) Net profit attributable to shareholders of the listed company 1,147,902.15 -6,556,527.19 -6,248,039.03 118.37% after deducting non-recurring gains and losses(RMB) Net cash flow arising from operating 30,707,074.03 -13,134,238.84 -13,134,238.84 333.79% activities(RMB) Basic earnings per share (RMB/Share) 0.002 -0.01 -0.01 120.00% Diluted earnings per share (RMB/Share) 0.002 -0.01 -0.01 120.00% Weighted average ROE (%) 0.31% -2.27% -2.16% 2.47% Changes of this At the end of last year period-end over same At the end of the period-end of last year reporting period Before adjustment After adjustment After adjustment Total assets (RMB) 864,868,178.16 854,793,263.22 854,793,263.22 1.18% Net assets attributable to shareholder of 353,334,854.76 352,256,123.56 352,256,123.56 0.31% listed company (RMB) The causes of changes in accounting policies and the situation of accounting error correction Some sold products of Nanjiang Huijing Tiandi Community project developed and constructed by the Company has not been handled with property right registration procedures, resulting in the recognition criteria not completely meeting the revenue, the company has adjusted the data of this part after the confirmation of accountants, resulting in the differences between the above-mentioned financial index and the financial indicators related to the disclosed quarterly reports reports. Items of non-recurring gains and losses √ Applicable □ Not applicable 3 承德南江股份有限公司 2016 年第一季度报告全文 In RMB Amount from year-begin to Item Note period-end Other non-operating income and expenditure except for the -69,170.95 aforementioned items Total -69,170.95 -- Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss, explain reasons □ Applicable √ Not applicable In reporting period, the Company has no particular about items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss II. Total number of shareholders at the end of this report period and top ten shareholders 1. Number of common shareholders and preference shareholders with voting rights recovered and top ten common shareholders In shares Total preference shareholders Total number of common with voting rights recovered at shareholders at the end of report 19,555 0 period end of reporting period (if applicable) Top ten shareholders Proportion Amount of Number of share pledged/frozen Nature of Amount of shares Shareholder’s name of shares non-tradable shareholder held State of share Amount held shares held Domestic Wang Dong 29.49% 208,324,800 208,324,800 Frozen 208,324,800 natural person China Everbright Overseas legal 13.28% 93,833,093 0 Securities (HK) Limited person GUOTAI JUNAN Overseas legal SECURITIES(HONGK 6.87% 48,524,062 0 person ONG) LIMITED Domestic Chengde North non-state-owned 2.62% 18,517,651 18,517,651 Industrial Corporation legal person Domestic Wang Zhengsong 1.89% 13,327,891 13,327,891 natural person Domestic Wang Wensheng 1.03% 7,258,007 0 natural person 4 承德南江股份有限公司 2016 年第一季度报告全文 Domestic Zhou Haihong 0.95% 6,708,495 0 natural person Domestic Li Tianyun 0.73% 5,158,000 0 natural person Shanghai H.K. Overseas legal 0.71% 4,995,920 0 Wangguo Securities person Domestic Chen Yan 0.57% 4,023,256 0 natural person Top ten shareholders with tradable shares held Type of shares Shareholder’s name Amount of tradable shares held Type Amount Domestically China Everbright Securities (HK) Limited 93,833,093 listed foreign 93,833,093 shares Domestically GUOTAI JUNAN 48,524,062 listed foreign 48,524,062 SECURITIES(HONGKONG) LIMITED shares Domestically Wang Wensheng 7,258,007 listed foreign 7,258,007 shares Domestically Zhou Haihong 6,708,495 listed foreign 6,708,495 shares Domestically Li Tianyun 5,158,000 listed foreign 5,158,000 shares Domestically Shanghai H.K. Wangguo Securities 4,995,920 listed foreign 4,995,920 shares Domestically Chen Yan 4,023,256 listed foreign 4,023,256 shares Domestically Zhao Ziying 3,286,616 listed foreign 3,286,616 shares VANGUARD TOTAL Domestically INTERNATIONAL STOCK INDEX 3,182,875 listed foreign 3,182,875 FUND shares Domestically Peng Wei 2,978,525 2,978,525 listed foreign 5 承德南江股份有限公司 2016 年第一季度报告全文 shares The Company is unknown whether there exists associated relationship or belongs to Explanation on associated relationship consistent actor regulated by “management method for acquisition of listed company” among the aforesaid shareholders among the above said shareholders. Explanation on top ten shareholders N/A involving margin business (if applicable) Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreement dealing in reporting period □ Yes √ No The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no buy-back agreement dealing in reporting period. 2. Total shareholders with preferred stock held and shares held by top ten shareholders with preferred stock held □ Applicable √ Not applicable 6 承德南江股份有限公司 2016 年第一季度报告全文 Section III. Significant Events I. Particulars about material changes in items of main accounting statement and financial index and explanations of reasons √Applicable □Not applicable Seria Item Ending balance Opening balance Changes Reasons l Amount changed Ratio changed 1 Due to an increase in funds Long-term equity 27,343,974.43 2,343,974.43 25,000,000.00 1066.56% invested in Dongguan investment Dongfeng in current period 2 Operation income Due to an increase in 46,379,194.49 26,398,533.74 19,980,660.75 75.69% carry-over incomes from real estate in current period 3 Operation cost Due to an increase in cost 36,430,367.17 26,996,960.32 9,433,406.85 34.94% from real estate in current period 4 Operation taxes and Due to an increase in taxes additional and dues on carry-over 2,726,869.98 17,761.16 2,709,108.82 15252.99% incomes from real estate in current period 5 Operation profit Due to an increase in profits 559,568.39 -6,783,369.20 7,342,937.59 108.25% of carry-over incomes from real estate in current period 6 Due to an increase in Net cash flow from 30,707,074.03 -13,134,238.84 43,841,312.87 333.79% house-selling funds in current operation activity period 7 Because the funds invested in Net cash flow from -26,108,450.99 -142,355.00 -25,966,095.99 -18240.38% Dongguan Dongfeng has investment activity been paid in current period II. Analysis and explanation of significant events and their influence and solutions □ Applicable √ Not applicable III. Commitments that the company, shareholders, actual controller, offeror, directors, supervisors, senior management or other related parties have fulfilled during the reporting period and have not yet fulfilled by the end of reporting period √Applicable □Not applicable Commitme Commitmen Commitments Promise Type of Content of commitments Implementation nt date t term 7 承德南江股份有限公司 2016 年第一季度报告全文 commitment s Commitments for Share Merger Reform 1. Commitments in aspect of independency of listed company: For the equity changes, that is 208,324,800 shares of Chengde Dalu Co., Ltd held by Chen Rong was transfer, Wang Dong guarantee there are no influence on the independent of employee, financial, Commitmen institution, business and integrity of assets of ts in Chengde Dalu Co., Ltd. After transaction, Commitments Controlli horizontal Chengde Dalu Co., Ltd still has the ability of Duration of in report of ng competition, 2012-04-2 independent operation and owes independent the Implementing acquisition or sharehol related 4 legal person, and continues to owes the Company equity change der transactions, independency of institution, assts, employees, and capital production and financial. 2. Commitments for occupying horizontal competition: after 208,324,800 shares of Chengde Dalu Co., Ltd held by Chen Rong was transfer, Wang Dong guarantee there are no or potential horizontal competition between the Chengde Dalu Co., Ltd and Wang Dong and related parties of Wang Dong After auditing, net profit for year of 2015 under the name of Runhua The performance compensation commitment: RW (Tianjin) net profit (deducting non-recurring gains and International Trade Performance losses) for 2012, 2013, 2014 and 2015 for Co., Ltd. was commitment Controlli Runhua RW (Tianjin) International Trade -9.2722 million Commitments and ng Co., Ltd. Respectively can’t be less than 2013-04-1 Yuan, which is in assets compensatio 2012-2015 sharehol 306,300 Yuan, 904,000 Yuan, 1,500,000 Yuan 0 short of the reorganization n der and 3,400,000 yean. If the actual net profit is commitment of arrangement less than the promised, the controlling performance for s shareholders shall perform the obligations of year of 2015. the profit compensation accordingly. Company will supervise and urge the controlling shareholder to implement 8 承德南江股份有限公司 2016 年第一季度报告全文 compensation commitment according to the auditing results. Commitments in initial public offering or re-financing Commitments in stock option incentive plan Other commitments for medium and small shareholders Completed on Yes time IV. Predict of the business performance from January to June 2016 Warnings and reasons of the predict that the cumulative net profit from the begin of the year to the end of next report period may be loss or have great changes comparing with the same period of last year □Applicable √Not applicable V. Securities Investment □ Applicable √ Not applicable No security investment in Period. VI. Derivative investment □ Applicable √ Not applicable No derivative investment in the Period. VII. Registration form for receiving research, communication and interview in the report period √ Applicable □ Not applicable Time Way Type Basic situation index of investigation Progress of the suspension of the 2016-01-20 Telephone communication Individual Company, no materials required Operation of the Company, no materials 2016-02-24 Telephone communication Individual required 2016-03-17 Telephone communication Individual Current condition of the Company, no 9 承德南江股份有限公司 2016 年第一季度报告全文 materials required VIII. Guarantee outside against the regulation □Applicable √Not applicable The Company had no guarantee outside against the regulation in the reporting period. IX. Non-operational fund occupation from controlling shareholders and its related party □ Applicable √ Not applicable The Company had no non-operational fund occupation form controlling shareholders and its related party in the period. 10 承德南江股份有限公司 2016 年第一季度报告全文 Section IV. Financial statement I. Financial statement 1. Consolidated balance sheet Prepared by Chengde Nanjiang Co., Ltd. 2016-03-31 In RMB Item Closing balance Opening balance Current assets: Monetary funds 92,836,040.02 88,237,416.98 Settlement provisions Capital lent Financial liability measured by fair value and with variation reckoned into current gains/losses Derivative financial assets Notes receivable Accounts receivable 649,087.53 156,113.53 Accounts paid in advance 1,192,732.25 1,105,122.95 Insurance receivable Reinsurance receivables Contract reserve of reinsurance receivable Interest receivable Dividend receivable Other receivables 87,520,928.87 88,149,302.51 Purchase restituted finance asset Inventories 599,537,144.06 619,241,374.72 Divided into assets held for sale Non-current asset due within one year Other current assets 33,133,044.43 33,761,457.51 Total current assets 814,868,977.16 830,650,788.20 Non-current assets: Loans and payments on behalf Finance asset available for sales 11 承德南江股份有限公司 2016 年第一季度报告全文 Held-to-maturity investment Long-term account receivable Long-term equity investment 27,343,974.43 2,343,974.43 Investment property Fixed assets 9,388,743.16 8,905,699.17 Construction in progress 1,040.00 Engineering material Disposal of fixed asset Productive biological asset 103,960.37 148,509.76 Oil and gas asset Intangible assets 6,359,821.58 6,392,510.57 Expense on Research and 392,149.86 172,416.18 Development Goodwill Long-term expenses to be 432,500.66 202,353.97 apportioned Deferred income tax asset 775,645.41 775,645.41 Other non-current asset 5,201,365.53 5,201,365.53 Total non-current asset 49,999,201.00 24,142,475.02 Total assets 864,868,178.16 854,793,263.22 Current liabilities: Short-term loans Loan from central bank Absorbing deposit and interbank deposit Capital borrowed Financial liability measured by fair value and with variation reckoned into current gains/losses Derivative financial liability Notes payable Accounts payable 26,014,313.37 35,013,234.30 Accounts received in advance 454,746,415.11 435,991,938.57 Selling financial asset of repurchase Commission charge and commission payable Wage payable -4,846.84 9,929.42 12 承德南江股份有限公司 2016 年第一季度报告全文 Taxes payable 121,581.10 21,343.61 Interest payable Dividend payable Other accounts payable 12,493,352.36 12,746,101.70 Reinsurance payables Insurance contract reserve Security trading of agency Security sales of agency Divided into liability held for sale Non-current liabilities due within 1 year Other current liabilities Total current liabilities 493,370,815.10 483,782,547.60 Non-current liabilities: Long-term loans Bonds payable Including: preferred stock Perpetual capital securities Long-term account payable Long-term wages payable Special accounts payable Projected liabilities Deferred income Deferred income tax liabilities Other non-current liabilities Total non-current liabilities Total liabilities 493,370,815.10 483,782,547.60 Owner’s equity: Share capital 706,320,000.00 706,320,000.00 Other equity instrument Including: preferred stock Perpetual capital securities Capital public reserve 459,871,788.64 452,767,424.55 Less: Inventory shares 13 承德南江股份有限公司 2016 年第一季度报告全文 Other comprehensive income Reasonable reserve Surplus public reserve 76,791,550.17 76,791,550.17 Provision of general risk Retained profit -889,648,484.05 -883,622,851.16 Total owner’s equity attributable to 353,334,854.76 352,256,123.56 parent company Minority interests 18,162,508.30 18,754,592.06 Total owner’s equity 371,497,363.06 371,010,715.62 Total liabilities and owner’s equity 864,868,178.16 854,793,263.22 Legal representative: Zhao Yongsheng Person in charger of accounting works: Zhao Yongsheng Person in charger of accounting organ: Liu Fengguo 2. Balance Sheet of Parent Company In RMB Item Closing balance Opening balance Current assets: Monetary funds 29,347,077.54 25,647,536.08 Financial liability measured by fair value and with variation reckoned into current gains/losses Derivative financial assets Notes receivable Accounts receivable 548,352.00 Account paid in advance 990,000.00 10,000.00 Interest receivable Dividends receivable Other receivables 14,139,318.21 13,893,565.73 Inventories 583,669,087.02 599,128,751.32 Divided into assets held for sale Non-current assets maturing within one year Other current assets 32,023,648.85 32,139,201.03 Total current assets 660,717,483.62 670,819,054.16 Non-current assets: 14 承德南江股份有限公司 2016 年第一季度报告全文 Available-for-sale financial assets Held-to-maturity investments Long-term receivables Long-term equity investments 227,284,836.37 202,284,836.37 Investment property Fixed assets 1,855,020.05 1,906,708.89 Construction in progress Project materials Disposal of fixed assets Productive biological assets Oil and natural gas assets Intangible assets Research and development costs Goodwill Long-term deferred expenses 174,756.20 130,322.92 Deferred income tax assets 750.00 750.00 Other non-current assets Total non-current assets 229,315,362.62 204,322,618.18 Total assets 890,032,846.24 875,141,672.34 Current liabilities: Short-term borrowings Financial liability measured by fair value and with variation reckoned into current gains/losses Derivative financial liability Notes payable Accounts payable 17,054,673.17 25,479,538.71 Accounts received in advance 454,102,887.53 430,730,271.19 Wage payable 628.22 628.22 Taxes payable 18,749.07 2,174.06 Interest payable Dividend payable Other accounts payable 243,876,525.36 246,243,610.32 Divided into liability held for sale 15 承德南江股份有限公司 2016 年第一季度报告全文 Non-current liabilities due within 1 year Other current liabilities Total current liabilities 715,053,463.35 702,456,222.50 Non-current liabilities: Long-term loans Bonds payable Including: preferred stock Perpetual capital securities Long-term account payable Long-term wages payable Special accounts payable Projected liabilities Deferred income Deferred income tax liabilities Other non-current liabilities Total non-current liabilities Total liabilities 715,053,463.35 702,456,222.50 Owners’ equity: Share capita 706,320,000.00 706,320,000.00 Other equity instrument Including: preferred stock Perpetual capital securities Capital public reserve 452,767,424.55 452,767,424.55 Less: Inventory shares Other comprehensive income Reasonable reserve Surplus reserve 76,791,550.17 76,791,550.17 Retained profit -1,060,899,591.83 -1,063,193,524.88 Total owner’s equity 174,979,382.89 172,685,449.84 Total liabilities and owner’s equity 890,032,846.24 875,141,672.34 16 承德南江股份有限公司 2016 年第一季度报告全文 3. Consolidated Profit Statement In RMB Item Current Period Last Period I. Total operating income 46,379,194.49 26,398,533.74 Including: Operating income 46,379,194.49 26,398,533.74 Interest income Insurance gained Commission charge and commission income II. Total operating cost 45,819,626.10 33,181,902.94 Including: Operating cost 36,430,367.17 26,996,960.32 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 2,726,869.98 17,761.16 Sales expenses 282,787.51 515,114.80 Administration expenses 6,413,012.54 5,668,146.41 Financial expenses -33,411.10 -16,079.75 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 (Loss is listed with 559,568.39 -6,783,369.20 “-”) 17 承德南江股份有限公司 2016 年第一季度报告全文 Add: Non-operating income 60,482.07 389,950.54 Including: Disposal gains of non-current asset Less: Non-operating expense 129,653.02 346,287.57 Including: Disposal loss of non-current asset IV. Total Profit (Loss is listed with “-”) 490,397.44 -6,739,706.23 Less: Income tax expense 3,750.00 V. Net profit (Net loss is listed with “-”) 486,647.44 -6,739,706.23 Net profit attributable to owner’s of 1,078,731.20 -6,204,376.06 parent company Minority shareholders’ gains and -592,083.76 -535,330.17 losses VI. Net after-tax of other comprehensive income Net after-tax of other comprehensive income attributable to owners of parent company (I) Other comprehensive income items which will not be reclassified subsequently to profit of loss 1. Changes as a result of re-measurement of net defined benefit plan liability or asset 2. Share of the other comprehensive income of the investee accounted for using equity method which will not be reclassified subsequently to profit and loss (II) Other comprehensive income items which will be reclassified subsequently to profit or loss 1. Share of the other comprehensive income of the investee accounted for using equity method which will be reclassified subsequently to profit or loss 2. Gains or losses arising from changes in fair value of available-for-sale financial assets 18 承德南江股份有限公司 2016 年第一季度报告全文 3. Gains or losses arising from reclassification of held-to-maturity investment as available-for-sale financial assets 4. The effect hedging portion of gains or losses arising from cash flow hedging instruments 5. Translation differences arising on translation of foreign currency financial statements 6. Other Net after-tax of other comprehensive income attributable to minority shareholders VII. Total comprehensive income 486,647.44 -6,739,706.23 Total comprehensive income 1,078,731.20 -6,204,376.06 attributable to owners of parent Company Total comprehensive income -592,083.76 -535,330.17 attributable to minority shareholders VIII. Earnings per share: (i) Basic earnings per share 0.002 -0.01 (ii) Diluted earnings per share 0.002 -0.01 Enterprise combine under the same control in the Period, the combined party realized net profit of 0 Yuan before combination, and realized 0 Yuan at last period for combined party Legal representative: Zhao Yongsheng Person in charger of accounting works: Zhao Yongsheng Person in charger of accounting organ: Liu Fengguo 4. Profit Statement of Parent Company In RMB Item Current Period Last Period I. Operating income 35,691,817.41 258,212.49 Less: Operating cost 26,749,014.87 258,212.49 Operating tax and extras 2,610,025.31 Sales expenses 94,575.00 155,110.76 Administration expenses 3,949,373.25 3,417,073.44 Financial expenses -11,544.07 -18,541.09 Losses of devaluation of asset 19 承德南江股份有限公司 2016 年第一季度报告全文 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 II. Operating profit (Loss is listed 2,300,373.05 -3,553,643.11 with “-”) Add: Non-operating income Including: Disposal gains of non-current asset Less: Non-operating expense 6,440.00 4,005.43 Including: Disposal loss of non-current asset III. Total Profit (Loss is listed with 2,293,933.05 -3,557,648.54 “-”) Less: Income tax expense IV. Net profit (Net loss is listed with 2,293,933.05 -3,557,648.54 “-”) V. Net after-tax of other comprehensive income (I) Other comprehensive income items which will not be reclassified subsequently to profit of loss 1. Changes as a result of re-measurement of net defined benefit plan liability or asset 2. Share of the other comprehensive income of the investee accounted for using equity method which will not be reclassified subsequently to profit and loss (II) Other comprehensive income items which will be reclassified subsequently to profit or loss 1. Share of the other comprehensive income of the investee accounted for using equity method which will be reclassified subsequently to profit or loss 20 承德南江股份有限公司 2016 年第一季度报告全文 2. Gains or losses arising from changes in fair value of available-for-sale financial assets 3. Gains or losses arising from reclassification of held-to-maturity investment as available-for-sale financial assets 4. The effect hedging portion of gains or losses arising from cash flow hedging instruments 5. Translation differences arising on translation of foreign currency financial statements 6. Other VI. Total comprehensive income 2,293,933.05 -3,557,648.54 VII. Earnings per share: (i) Basic earnings per share (ii) Diluted earnings per share 5. Consolidated Cash Flow Statement In RMB Item Current Period Last Period I. Cash flows arising from operating activities: Cash received from selling commodities and providing labor 71,490,509.55 89,208,054.81 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 21 承德南江股份有限公司 2016 年第一季度报告全文 investment Net increase of amount from disposal financial assets that measured by fair value and with variation reckoned into current gains/losses 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 2,612,164.23 9,634,942.23 operating activities Subtotal of cash inflow arising from 74,102,673.78 98,842,997.04 operating activities Cash paid for purchasing commodities and receiving labor 27,337,527.31 85,195,111.63 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 4,056,345.64 2,933,619.77 Taxes paid 2,729,508.05 4,151,467.04 Other cash paid concerning 9,272,218.75 19,697,037.44 operating activities Subtotal of cash outflow arising from 43,395,599.75 111,977,235.88 operating activities Net cash flows arising from operating 30,707,074.03 -13,134,238.84 activities II. Cash flows arising from investing activities: Cash received from recovering 22 承德南江股份有限公司 2016 年第一季度报告全文 investment Cash received from investment income Net cash received from disposal of fixed, 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 activities Cash paid for purchasing fixed, 1,108,450.99 142,355.00 intangible and other long-term assets Cash paid for investment 25,000,000.00 Net increase of mortgaged loans Net cash received from subsidiaries and other units obtained Other cash paid concerning investing activities Subtotal of cash outflow from investing 26,108,450.99 142,355.00 activities Net cash flows arising from investing -26,108,450.99 -142,355.00 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 loans Cash received from issuing bonds Other cash received concerning 753,264.46 financing activities Subtotal of cash inflow from financing 753,264.46 activities Cash paid for settling debts 23 承德南江股份有限公司 2016 年第一季度报告全文 Cash paid for dividend and profit distributing or interest paying Including: Dividend and profit of minority shareholder paid by subsidiaries Other cash paid concerning 484,000.00 910,900.00 financing activities Subtotal of cash outflow from 484,000.00 910,900.00 financing activities Net cash flows arising from financing 269,264.46 -910,900.00 activities IV. Influence on cash and cash equivalents due to fluctuation in exchange rate V. Net increase of cash and cash 4,867,887.50 -14,187,493.84 equivalents Add: Balance of cash and cash 84,543,677.45 35,582,359.90 equivalents at the period -begin VI. Balance of cash and cash 89,411,564.95 21,394,866.06 equivalents at the period -end 6. Cash Flow Statement of Parent Company In RMB Item Current Period Last Period I. Cash flows arising from operating activities: Cash received from selling commodities and providing labor 59,191,631.16 19,043,794.16 services Write-back of tax received Other cash received concerning 11,928,121.37 20,274,985.23 operating activities Subtotal of cash inflow arising from 71,119,752.53 39,318,779.39 operating activities Cash paid for purchasing commodities and receiving labor 17,397,043.73 24,788,394.00 service Cash paid to/for staff and workers 2,923,416.78 2,105,157.16 24 承德南江股份有限公司 2016 年第一季度报告全文 Taxes paid 2,727,254.44 3,503,711.99 Other cash paid concerning 19,361,708.12 24,338,005.24 operating activities Subtotal of cash outflow arising from 42,409,423.07 54,735,268.39 operating activities Net cash flows arising from operating 28,710,329.46 -15,416,489.00 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, 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 activities Cash paid for purchasing fixed, 10,788.00 142,355.00 intangible and other long-term assets Cash paid for investment 25,000,000.00 Net cash received from subsidiaries and other units Other cash paid concerning investing activities Subtotal of cash outflow from investing 25,010,788.00 142,355.00 activities Net cash flows arising from investing -25,010,788.00 -142,355.00 activities III. Cash flows arising from financing activities Cash received from absorbing investment Cash received from loans 25 承德南江股份有限公司 2016 年第一季度报告全文 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 Other cash paid concerning 484,000.00 910,900.00 financing activities Subtotal of cash outflow from 484,000.00 910,900.00 financing activities Net cash flows arising from financing -484,000.00 -910,900.00 activities IV. Influence on cash and cash equivalents due to fluctuation in exchange rate V. Net increase of cash and cash 3,215,541.46 -16,469,744.00 equivalents Add: Balance of cash and cash 22,671,791.13 17,625,400.53 equivalents at the period -begin VI. Balance of cash and cash 25,887,332.59 1,155,656.53 equivalents at the period -end II. Audit report Whether the first quarterly report had been audited or not □ Yes √ No The first quarterly report of the Company had not been audited. 26