Chengde Dixian Textile Co., Ltd. The 1st Quarterly Report for 2009 (Full Text)
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Chengde Dixian Textile Co., Ltd.
The First Quarterly Report for 2009
(Full Text)
§1. Important Notice
1.1 Board of Directors and the Supervisory Committee of Chengde Dixian Textile 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 No Directors, Supervisors or Senior Executives stated that they couldn’t ensure the reality,
accuracy and completion of the contents of the Quarterly Report or have objection for this report.
1.3 Other directors attended the meeting on examining the Quarterly Report except for the
following directors.
1.4 The Financial Report For the First Quarterly Report of the Company has not been audited by
CPAs.
1.45 Chen Rong, Principal of the Company; Ye Weijie, Person in Charge of Financial Works; and Li
Weigang, Person in Charge of Accounting Organ (Accounting Supervisor) hereby confirm that the
Financial Report enclosed in the First Quarterly Report is true and complete.
§2. Company Profile
2.1 Main Accounting Data and Financial Indexes
At the end of the report
period
At the end of the last year
Changes of
increase/decrease (%)
Total assets 931,881,064.88 598,681,950.83 55.66%
Equity attributable to owners of
the parent company
2,329,340.65 -237,353,406.14 1.43%
Share capital 706,320,000.00 706,320,000.00
Net asset per share attributable to
owners of the parent company
0.003 -0.34 -159.65%
In the report period
The same period of last
year
Changes of
increase/decrease (%)
Total operating income 0.00 5,266,984.26 -100.00%
Net profit attributable to owners
of the parent company
239,682,746.79 -30,176,452.61 -93.36%
Net cash flow arising from
operating activities
-382,585.32 3,770,172.89 -110.15%
Net cash flow arising from
operating activities per share
-0.001 0.005 -120.00%
Basic earnings per share -0.003 -0.04 -92.50%
Diluted earnings per share -0.003 -0.04 -92.50%
Return on equity 10,289.72% -7.52% 10,297.24%
Return on equity after deducting
the non-recurring losses and
-57.04% -7.52% -49.52%
Name of absent
directors
Position of the
director
Reason of absence
Name of
entrusted
Naught Naught Naught NaughtChengde Dixian Textile Co., Ltd. The 1st Quarterly Report for 2009 (Full Text)
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gains
Items of non-recurring gains and losses
Amount in year-begin to
the end of report period
II. Total operating cost 6,937,497.80
Non-operating expenditure -1,050.00
Investment income (Loss is listed with “-”) 234,074,886.90
Total 241,011,334.70
Explanations on items of non-recurring gains and losses:
Because the Company stopped its productions, there were no other events happened in the report
period.
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
23,599
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
China Southern Securities Co., Ltd. 108,840,000 Domestically listed foreign shares
GUOTAI JUNAN
SECURITIES(HONGKONG)LIMITED
8,957,162 Domestically listed foreign shares
SBCI FINANCE ASIA LTD A/C SBC HONG
KONG
8,169,363 Domestically listed foreign shares
Wang Wensheng 7,258,007 Domestically listed foreign shares
Xu Xinhuu 6,256,705 Domestically listed foreign shares
SUN HUNG KAI INVESTMENT SERVICES
LID-CUSTOMERA A/C
3,835,783 Domestically listed foreign shares
Zhu Qing 3,160,369 Domestically listed foreign shares
Peng Wei 2,978,525 Domestically listed foreign shares
Wu Xiaomei 2,492,536 Domestically listed foreign shares
Zhao Ziying 2,483,616 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
Influenced by kinds of factors, the Company and its subsidiaries all stopped productions since Oct.
2007. In the report period, productions were not resumed and any operations business was not carried
out. So there were material changes in items of main accounting statement and financial index in the
report period.
3.2 Analysis and explanation of significant events and their influence and solutions
□Applicable √Inapplicable
3.3 Implementations of commitments by the Company, shareholders and actual controller
□Applicable √InapplicableChengde Dixian Textile Co., Ltd. The 1st Quarterly Report for 2009 (Full Text)
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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 le
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
Jan. 19, 2009
Securities
Department of the
Company
Telephone
communication
Investors
Progress of reorganization of the
Company and no material was
supplied.
March 2, 2009
Securities
Department of the
Company
Telephone
communication
Investors
Judgment of the involved case of
the Company and no material was
supplied.
March 10, 2009
Securities
Department of the
Company
Telephone
communication
Investors
Auctions of part assets of the
Company and assets of the
subsidiaries.
3.5.3 Particulars about the explanations on other significant events
□Applicable √Inapplicable
§4. Appendix
4.1 Balance sheet
Prepared by Chengde Dixian Textile Co., Ltd. March 31, 2009 Unit: RMB
Balance at period-end Balance at year-begin
Items
Merger Parent Company Merger Parent Company
Current assets:
Monetary funds 45,662.41 2,851.92 447,257.73 365,685.40
Settlement provisions
Capital lent
Transaction finance
asset
Notes receivable
Accounts receivable 13,416,963.62 12,231,947.36 6,314,628.93 12,231,947.36
Accounts paid in
advance
93,630,272.88 92,842,017.50 68,630,272.88 92,842,017.50
Insurance receivable
Reinsurance receivables
Contract reserve of
reinsurance receivable
Interest receivable
Dividend receivable
Other receivables 209,387,451.78 450,893,059.56 64,109,210.96 450,923,188.75
Purchase restituted
finance assetChengde Dixian Textile Co., Ltd. The 1st Quarterly Report for 2009 (Full Text)
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Inventories 16,577.96 377,830.47
Non-current asset due
within one year
Other current assets
Total current assets 316,496,928.65 555,969,876.34 139,879,200.97 556,362,839.01
Non-current assets:
Granted loans and
advances
Finance asset available
for sales
Held-to-maturity
securities
Long-term account
receivable
Long-term equity
investment
312,999,223.34 1,211,812,433.52 97,215,729.65 1,211,812,433.52
Investment property
Fixed assets 85,229,866.15 16,181,397.23 124,093,126.16 16,175,897.23
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 70,956,132.86 7,990,608.73 91,294,980.17 7,990,608.73
Expense on Research
and Development
Goodwill
Long-term expenses to
be apportioned
2,009,612.55 2,009,612.55 2,009,612.55 2,009,612.55
Deferred income tax
asset
131,305,501.33 131,305,501.33 131,305,501.33 131,305,501.33
Other non-current asset
Total non-current asset 615,384,136.23 1,369,299,553.36 458,802,749.86 1,369,294,053.36
Total assets 931,881,064.88 1,925,269,429.70 598,681,950.83 1,925,656,892.37
Current liabilities:
Short-term loans 125,450,705.60 650,705.60 257,110,082.88 650,705.60
Loan from central bank
Absorbing deposit and
interbank deposit
Capital borrowed
Transaction financial
liabilities
Notes payable
Accounts payable 34,035,280.44 27,498,927.21 40,929,519.04 34,436,425.01
Accounts received in
advance
719,601.25 8,607.09 721,601.25 8,607.09
Selling financial asset of
repurchase
Commission charge and
commission payable
Wage payable 24,049,552.83 17,897,697.28 27,658,657.03 17,897,697.28Chengde Dixian Textile Co., Ltd. The 1st Quarterly Report for
2009 (Full Text)
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Taxes payable 30,504,031.19 15,352,980.15 64,981,574.02 15,372,537.49
Interest payable 205,022,088.53 165,267,072.66 270,261,883.18 165,267,072.66
Dividend payable
Other accounts payable 401,432,953.21 469,236,070.21 57,034,528.39 469,229,434.21
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 821,214,213.05 695,912,060.20 718,697,845.79 702,862,479.34
Non-current liabilities:
Long-term loans
Bonds payable
Long-term account
payable
95,450,000.00 95,450,000.00
Special accounts
payable
10,651,018.03 151,018.03 19,651,018.03 151,018.03
Projected liabilities 2,118,395.79 2,118,395.79 2,118,395.79 2,118,395.79
Deferred income tax
liabilities
Other non-current
liabilities
Total non-current liabilities 108,219,413.82 2,269,413.82 117,219,413.82 2,269,413.82
Total liabilities 929,433,626.87 698,181,474.02 835,917,259.61 705,131,893.16
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
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 -1,176,753,353.89 49,404,817.55 -1,416,436,100.68 42,841,861.08
Balance difference of
foreign currency translation
Total owner’s equity
attributable to parent
company
2,329,340.65 1,227,087,955.68 -237,353,406.14 1,220,524,999.21
Minority interests 118,097.36 118,097.36
Total owner’s equity 2,447,438.01 1,227,087,955.68 -237,235,308.78 1,220,524,999.21
Total liabilities and owner’s
equity
931,881,064.88 1,925,269,429.70 598,681,950.83 1,925,656,892.37
4.2 Profit statement
Prepared by Chengde Dixian Textile Co., Ltd. Jan.-Mar., 2009 Unit: RMB
Items Amount in this period Amount in last periodChengde Dixian Textile Co., Ltd. The 1st Quarterly Report
for 2009 (Full Text)
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Merger Parent Company Merger Parent Company
I. Total operating income 0.00 0.00 5,266,984.26 534.19
Including: Operating income 0.00 0.00 5,266,984.26 534.19
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 1,328,587.91 373,491.33 37,403,034.87 25,127,705.32
Including: Operating cost 13,510.00 373,491.33 1,288,489.70 283.72
Interest expense
Commission charge and
commission expense
Cash surrender value 0.34
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 500.00 500.00
Administration expenses 1,315,077.91 359,981.33 23,340,098.44 14,105,274.87
Financial expenses 13,510.00 13,510.00 12,773,946.73 11,021,646.73
Losses of devaluation of
asset
Add: Changing income
of 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 “-”)
232,746,298.99 -373,491.33 -32,136,050.61 -25,127,171.13
Add: Non-operating
income
6,937,497.80 6,937,497.80 -3,900.00 -3,900.00
Less: Non-operating
expense
1,050.00 1,050.00 518.00 518.00
Including: Disposal loss
of non-current asset
IV. Total Profit (Loss is
listed with “-”)
239,682,746.79 6,562,956.47 -32,140,468.61 -25,131,589.13
Less: Income tax
V. Net profit (Net loss is listed
with “-”)
239,682,746.79 6,562,956.47 -32,140,468.61 -25,131,589.13
Net profit attributable to
owner’s equity of parent
company
239,682,746.79 -30,176,452.61 -25,131,589.13Chengde Dixian Textile Co., Ltd. The 1st Quarterly Report for
2009 (Full Text)
7
Minority shareholders’
gains and losses
-1,964,016.00
VI. Earnings per share
i. Basic earnings per share 0.34 -0.04
ii. Diluted earnings per share 0.34 -0.04
4.3 Cash flow statement
Prepared by Chengde Dixian Textile Co., Ltd. Jan.-Mar., 2009 Unit: RMB
Amount in this period Amount in last period
Items
Merger Parent Company Merger Parent Company
I. Cash flows arising from
operating activities:
Cash received from
selling commodities and
providing labor services
6,455,025.00 625.00
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
Insured savings and net
increase of 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
4,517.00 4,517.00 372,560.00 6,302,560.00
Subtotal of cash inflow
arising from operating
activities
4,517.00 4,517.00 6,827,585.00 6,303,185.00
Cash paid for purchasing
commodities and receiving
labor service
1,800.00 1,800.00
Net increase of customer
loans and advances
Net increase of deposits
in central bank and interbank
Cash paid for original
insurance contract
compensationChengde Dixian Textile Co., Ltd. The 1st Quarterly Report for 2009 (Full Text)
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Cash paid for interest,
commission charge and
commission
Cash paid for bonus of
guarantee slip
Cash paid to/for staff and
workers
72,000.00 72,000.00 1,455,588.00 1,373,348.00
Taxes paid 492,694.00 19,971.81
Other cash paid
concerning operating activities
315,102.32 276,340.48 1,107,330.11 1,140,422.66
Subtotal of cash outflow
arising from operating
activities
387,102.32 348,340.48 3,057,412.11 2,535,542.47
Net cash flows arising
from operating activities
-382,585.32 -343,823.48 3,770,172.89 3,767,642.53
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, intangible and other
long-term assets
5,500.00 5,500.00 3,400.00 3,400.00
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 3,400.00 3,400.00
Net cash flows arising
from investing activities
-5,500.00 -5,500.00 -3,400.00 -3,400.00
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 bondsChengde Dixian Textile Co., Ltd. The 1st Quarterly Report for 2009 (Full Text)
9
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 due to
fluctuation in exchange rate
V. Net increase of cash and
cash equivalents
-401,595.32 -362,833.48 3,766,772.89 3,764,242.53
Add: Balance of cash and
cash equivalents at the period
-begin
6,316,017.15 3,250,011.31
VI. Balance of cash and cash
equivalents at the period -end
-401,595.32 -362,833.48 10,082,790.04 7,014,253.84
4.4 Auditor’ report
Auditor’s opinions: Un-audited
