Report for the First Quarter of 2013 of Guangdong Rieys Group Company Ltd.
Guangdong Rieys Group Company Ltd.
Report for the First Quarter of 2013
2013-017
April 2013
1
Report for the First Quarter of 2013 of Guangdong Rieys Group Company Ltd.
Section I. Important Reminders
The Board of Directors, the Supervisory Committee, directors, supervisors and senior management staff of
Guangdong Rieys Group Company Ltd. (hereinafter referred to as “the Company”) warrant that the information
carried in this report is factual, accurate and complete, without any false record, misleading statement or material
omission. And they shall be jointly and severally liable for that.
Chen Hongcheng, company principal, Chen Jincai, chief of the accounting work, and Zheng Guangde, chief of the
accounting organ (chief of accounting), hereby confirm that the financial statements enclosed in this report are
factual, accurate and complete.
All directors have attended the board session for reviewing this report.
This report is prepared in both Chinese and English. Should there be any discrepancy between the two versions,
the Chinese version shall prevail.
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Report for the First Quarter of 2013 of Guangdong Rieys Group Company Ltd.
Section II. Financial Highlights & Change of Shareholders
I. Financial highlights
Does the Company adjust retrospectively or restate any accounting data of previous years?
□ Yes √No
Jan.-Mar. 2013 Jan.-Mar. 2012 +/- (%)
Operating revenues (RMB Yuan) 53,009,909.00 4,005,530.44 1,223.42%
Net profit attributable to shareholders of
3,425,873.97 -6,940,095.47 -149.36%
the Company (RMB Yuan)
Net profit attributable to shareholders of
the Company after extraordinary gains and 3,623,741.25 -6,902,884.88 -152.49%
losses (RMB Yuan)
Net cash flows from operating activities
-16,400,811.88 4,903,404.99 -434.48%
(RMB Yuan)
Basic EPS (RMB Yuan/share) 0.01 -0.02 -150%
Diluted EPS (RMB Yuan/share) 0.01 -0.02 -150%
Weighted average ROE (%) 0.96% -2.13% 3.09%
31 Mar. 2013 31 Dec. 2012 +/- (%)
Total assets (RMB Yuan) 496,448,542.15 526,645,545.47 -5.73%
Net assets attributable to shareholders of
359,039,378.05 355,613,504.08 0.96%
the Company (RMB Yuan)
Items and amounts of extraordinary gains and losses
√ Applicable □ Inapplicable
Unit: RMB Yuan
Item 1 Jan. 2013-31 Mar. 2013 Explanation
Gain/loss on the disposal of non-current assets (including the
0.00
offset part of the asset impairment provisions)
Tax rebates, reductions or exemptions due to approval beyond
0.00
authority or the lack of official approval documents
Government grants recognized in the current period, except for
those acquired in the ordinary course of business or granted at
0.00
certain quotas or amounts according to the government’s unified
standards
Capital occupation charges on non-financial enterprises that are
0.00
recorded into current gains and losses
Gains due to that the investment costs for the Company to obtain 0.00
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Report for the First Quarter of 2013 of Guangdong Rieys Group Company Ltd.
subsidiaries, associates and joint ventures are lower than the
enjoyable fair value of the identifiable net assets of the investees
when making the investments
Gain/loss on non-monetary asset swap 0.00
Gain/loss on entrusting others with investments or asset
0.00
management
Asset impairment provisions due to acts of God such as natural
0.00
disasters
Gain/loss on debt restructuring 0.00
Expenses on business reorganization, such as expenses on staff
0.00
arrangements, integration, etc.
Gain/loss on the part over the fair value due to transactions with
0.00
distinctly unfair prices
Current gains and losses of subsidies acquired from business
combination under the same control as from period-begin to 0.00
combination date
Gain/loss on contingent events irrelevant to the Company’s
0.00
normal business
Gains and losses on change in fair value from tradable financial
assets and tradable financial liabilities, as well as investment
income from disposal of tradable financial assets and tradable
0.00
financial liabilities and financial assets available for sales except
for effective hedging related with normal businesses of the
Company
Impairment provision reversal of accounts receivable on which
0.00
the impairment test is carried out separately
Gain/loss on entrustment loans 0.00
Gain/loss on change of the fair value of investing real estate of
which the subsequent measurement is carried out adopting the fair 0.00
value method
Effect on current gains/losses when a one-off adjustment is made
to current gains/losses according to requirements of taxation, 0.00
accounting and other relevant laws and regulations
Custody fee income when entrusted with operation 0.00
Non-operating income and expense other than the above -197,867.28
Other gain and loss items that meet the definition of an
0.00
extraordinary gain/loss
Income tax effects 0.00
Minority interests effects (after tax) 0.00
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Report for the First Quarter of 2013 of Guangdong Rieys Group Company Ltd.
Total -197,867.28 --
II. Total number of shareholders at the period-end and shareholdings of top 10 shareholders
Unit: share
Total number of shareholders at the
13,105
period-end
Shareholdings of top 10 shareholders
Number of Pledged or frozen shares
Name of Nature of Shareholding Total shares held
restricted shares
shareholder shareholder percentage (%) at the period-end Status of shares Number of shares
held
Puning
Shenghengchang Domestic
Trade non-state-owned 36.99% 117,855,000 117,855,000
Development corporation
Co., Ltd
Shenzhen
Risheng
Domestic
Chuangyuan
non-state-owned 10.68% 34,020,000 34,020,000
Asset
corporation
Management Co.,
Ltd.
GUOTAI
JUNAN
Foreign
SECURITIES(H 3.92% 12,496,303 0
corporation
ONGKONG)
LIMITED
Shantou Lianhua Domestic
Industrial Co., non-state-owned 3.81% 12,150,000 12,150,000
Ltd. corporation
Domestic natural
Su Youhe 2.4% 7,667,407 0
person
China Everbright
Foreign
Securities (HK) 2.02% 6,448,210 0
corporation
Limited
Domestic natural
Fan Jiongyang 0.65% 2,080,000 0
person
Shanghai
Wanguo Foreign
0.63% 2,010,069 0
Securities (HK) corporation
Limited
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Report for the First Quarter of 2013 of Guangdong Rieys Group Company Ltd.
Domestic natural
Xie Qingjun 0.58% 1,870,609 0
person
Domestic natural
Zheng Suxian 0.45% 1,445,000 0
person
Shareholdings of top 10 non-restricted shareholders
Variety of shares
Name of shareholder Number of non-restricted shares held
Variety Number
GUOTAI JUNAN Domestically
SECURITIES(HONGKONG) 12,496,303 listed foreign 12,496,303
LIMITED shares
Domestically
Su Youhe 7,667,407 listed foreign 7,667,407
shares
Domestically
China Everbright Securities (HK)
6,448,210 listed foreign 6,448,210
Limited
shares
Domestically
Fan Jiongyang 2,080,000 listed foreign 2,080,000
shares
Domestically
Shanghai Wanguo Securities (HK)
2,010,069 listed foreign 2,010,069
Limited
shares
Domestically
Xie Qingjun 1,870,609 listed foreign 1,870,609
shares
Domestically
Zheng Suxian 1,445,000 listed foreign 1,445,000
shares
Domestically
Wei Guobin (NGAI KWOK PAN) 1,145,816 listed foreign 1,145,816
shares
Domestically
LUO DONG HUI 1,100,000 listed foreign 1,100,000
shares
Domestically
Gu Kunyi 1,000,241 listed foreign 1,000,241
shares
Explanation on associated There existed related relationship among Puning Shenghengchang Trade Development Co.,
relationship or persons acting in Ltd., Shenzhen Risheng Chuangyuan Asset Management Co., Ltd. and Shantou Lianhua
concert among the above-mentioned Industrial Co., Ltd., which belonged to action-in-concert promulgated by Measures for the
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Report for the First Quarter of 2013 of Guangdong Rieys Group Company Ltd.
shareholders: Administration of Disclosure of Information on the Change of Shareholdings in Listed
Companies. The Company did not know whether there existed related relationship among
other shareholders.
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Report for the First Quarter of 2013 of Guangdong Rieys Group Company Ltd.
Section III. Significant Events
I. Significant changes of the major accounting statement items and financial indicators for the
reporting period, as well as the reasons for these changes
Items in the balance Increase/decreas
Closing balance Opening balance Explanation
sheet e (%)
Monetary funds 4,987,837 21,555,493 -76.86Payment for construction
Prepayment 30,108,369 1,401,125 2,048.87Prepayment for construction
Accounts payable 19,432,812 30,877,323 -37.06Payment for construction
Other accounts payable 10,081,447 32,816,218 -69.28 Repayment for loans
Items in the income Increase/decreas
Jan.-Mar. 2013 Jan.-Mar. 2012 Explanation
statement e (%)
53,009,909.00 4,005,530.44 1,223.42 Revenue recognized from sales of real
Operating revenues
estates
35,832,939.54 3,484,417.74 928.38Sales of real estates was carried forward to
Operating costs
costs
Operating expenses 151,828.25 460,848.32 -67.05 Retreat from clothing industry
Financial expenses 1,151,870.63 2,259,609.78 -49.02Decrease of bank loans
Asset impairment loss -14,329.56 -5,695.32 151.60 Withdrawal of provision for bad debts
Gains and losses on fair 0.00 3,959.00 -100.00 No stocks investment in the reporting period
value changes
Income tax expenses 2,860,366.56 0 Revenue recognized from sales of real
estates
II. Commitments made by the Company or any shareholder with a shareholding over 5% in
the reporting period or such commitments carried down into the reporting period
Commitment Contents of Date of Period of
Commitment Execution
maker commitment commitment commitment
Commitment on share reform
Commitment in the acquisition report or
the report on equity changes
Commitments made upon the assets
reorganization
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Report for the First Quarter of 2013 of Guangdong Rieys Group Company Ltd.
Commitments made upon IPO or
refinancing
He committed to
increase the
shareholding in
the Company
Under the
The actual not over 2% of Within 12
execution,
controller of the the total share months since the
Other commitments made to minority without any
Company: Mr. capital of the 14 Jan. 2013 first
shareholders situation in
Chen Company within shareholding
violation of the
Hongcheng 12 months since increase day
commitments
the first
shareholding
increase day in
the future
The time of commitment on shareholding increase was near the window period for the
Detailed reason for failing to execute and
periodical report, so relevant duties hadn’t been executed. The Company’s actual
the next plan
controller will fulfill his commitment at a proper time in the future.
Settlement period of commitment Inapplicable
Way of settlement Inapplicable
The above commitments are still in the period of commitment till now, without any
Fulfillment of commitment
situation in violation of the commitments.
III. Researches, visits and interviews received in the reporting period
Main discussion and
Time of reception Place of reception Way of reception Visitor type Visitor materials provided by the
Company
Office of the Inquiring about the time for
10 Jan. 2013 By phone Individual Investor
Company resumption of share trading
Inquiring about the
implementation situation of
Office of the subsequent projects of the
14 Jan. 2013 By phone Individual Investor
Company Company and the direction
of the Company’s B-share
reforms
Office of the Inquiring about the main
24 Jan. 2013 By phone Individual Investor
Company business of the Company
Inquiring about the time of
Office of the
30 Jan. 2013 By phone Individual Investor shareholding increase plan
Company
implemented by the
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Report for the First Quarter of 2013 of Guangdong Rieys Group Company Ltd.
principal shareholder of the
Company
Office of the Inquiring about changes in
31 Jan. 2013 By phone Individual Investor
Company industry of the Company
Proposing the advice on
Office of the
22 Feb. 2013 By phone Individual Investor B-share reform for the
Company
Company
Inquiring about the
development situation of
Office of the
22 Feb. 2013 By phone Individual Investor real estates and proposing
Company
the advice on B-share
reform for the Company
Office of the Inquiring about the sales of
28 Feb. 2013 By phone Individual Investor
Company real estates of the Company
Office of the Inquiring about the content
5 Mar. 2013 By phone Individual Investor
Company of the 2012 annual report
Office of the Inquiring about the issues
6 Mar. 2013 By phone Individual Investor
Company on B-share reform
Inquiring about the main
business in the first quarter
Office of the
6 Mar. 2013 By phone Individual Investor of 2013 for the Company
Company
and the approval of removal
from listing
Office of the Proposing the advice of
18 Mar. 2013 By phone Individual Investor
Company B-share reform
Inquiring about the
Office of the
20 Mar. 2013 By phone Individual Investor approval of cancelling the
Company
risks warning
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Report for the First Quarter of 2013 of Guangdong Rieys Group Company Ltd.
Section IV. Financial Statements
I. Financial statements
1. Consolidated balance sheet
Prepared by Guangdong Rieys Group Company Ltd.
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 4,987,837.10 21,555,492.79
Settlement reserves
Intra-group lendings
Transactional financial assets
Notes receivable
Accounts receivable 24,271,902.70 29,542,060.33
Accounts paid in advance 30,108,369.47 1,401,124.90
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract
reserves
Interest receivable
Dividend receivable
Other accounts receivable 8,322,236.16 8,712,918.25
Financial assets purchased under
agreements to resell
Inventories 304,969,571.93 340,802,511.47
Non-current assets due within 1 year
Other current assets
Total current assets 372,659,917.36 402,014,107.74
Non-current assets:
Loans by mandate and advances
granted
Available-for-sale financial assets
Held-to-maturity investments
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Report for the First Quarter of 2013 of Guangdong Rieys Group Company Ltd.
Long-term accounts receivable
Long-term equity investment
Investing property
Fixed assets 87,170,655.71 87,845,171.59
Construction in progress
Engineering materials 54,526.00 54,526.00
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 27,551,880.27 27,720,177.33
R&D expense
Goodwill
Long-term deferred expenses 434,160.00 434,160.00
Deferred income tax assets 8,577,402.81 8,577,402.81
Other non-current assets
Total of non-current assets 123,788,624.79 124,631,437.73
Total assets 496,448,542.15 526,645,545.47
Current liabilities:
Short-term borrowings 15,099,960.00 15,099,960.00
Borrowings from Central Bank
Customer bank deposits and due to
banks and other financial institutions
Intra-group borrowings
Transactional financial liabilities
Notes payable
Accounts payable 19,432,811.97 30,877,322.71
Accounts received in advance 32,302,096.65 28,576,119.48
Financial assets sold for repurchase
Handling charges and commissions
payable
Employee’s compensation payable 592,583.14 730,461.85
Tax payable 40,600,722.75 44,779,973.52
Interest payable 14,922,651.18 13,756,401.18
Dividend payable
Other accounts payable 10,081,447.16 32,816,218.09
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Report for the First Quarter of 2013 of Guangdong Rieys Group Company Ltd.
Reinsurance premiums payable
Insurance contract reserves
Payables for acting trading of
securities
Payables for acting underwriting of
securities
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 133,032,272.85 166,636,456.83
Non-current liabilities:
Long-term borrowings
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities 133,032,272.85 166,636,456.83
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 318,600,000.00 318,600,000.00
Capital reserves 52,129,496.58 52,129,496.58
Less: Treasury stock
Specific reserves
Surplus reserves 86,036,260.20 86,036,260.20
Provisions for general risks
Retained profits -97,726,378.73 -101,152,252.70
Foreign exchange difference
Total equity attributable to owners of
359,039,378.05 355,613,504.08
the Company
Minority interests 4,376,891.25 4,395,584.56
Total owners’ (or shareholders’) equity 363,416,269.30 360,009,088.64
Total liabilities and owners’ (or
496,448,542.15 526,645,545.47
shareholders’) equity
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Report for the First Quarter of 2013 of Guangdong Rieys Group Company Ltd.
Legal representative: Chen Hongcheng Chief of the accounting work: Chen Jincai Chief of the accounting organ: Zheng Guangde
2. Balance sheet of the Company
Prepared by Guangdong Rieys Group Company Ltd.
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 2,591,349.08 7,628,811.81
Transactional financial assets
Notes receivable
Accounts receivable
Accounts paid in advance
Interest receivable
Dividend receivable
Other accounts receivable 74,787,063.59 94,265,296.12
Inventories
Non-current assets due within 1 year
Other current assets
Total current assets 77,378,412.67 101,894,107.93
Non-current assets:
Available-for-sale financial assets
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 243,312,508.68 243,312,508.68
Investing property
Fixed assets 82,751,319.92 83,619,246.08
Construction in progress
Engineering materials 54,526.00 54,526.00
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 27,551,880.27 27,720,177.33
R&D expense
Goodwill
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Report for the First Quarter of 2013 of Guangdong Rieys Group Company Ltd.
Long-term deferred expenses
Deferred income tax assets 2,466,835.50 2,466,835.50
Other non-current assets
Total of non-current assets 356,137,070.37 357,173,293.59
Total assets 433,515,483.04 459,067,401.52
Current liabilities:
Short-term borrowings 15,099,960.00 15,099,960.00
Transactional financial liabilities
Notes payable
Accounts payable 19,442.64 19,442.64
Accounts received in advance
Employee’s compensation payable 152,311.60 159,511.60
Tax payable 1,481,194.94 2,686,106.07
Interest payable 14,922,651.18 13,756,401.18
Dividend payable
Other accounts payable 164,048,523.13 186,273,159.74
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 195,724,083.49 217,994,581.23
Non-current liabilities:
Long-term borrowings
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities 195,724,083.49 217,994,581.23
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 318,600,000.00 318,600,000.00
Capital reserves 52,129,496.58 52,129,496.58
Less: Treasury stock
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Report for the First Quarter of 2013 of Guangdong Rieys Group Company Ltd.
Specific reserves
Surplus reserves 86,036,260.20 86,036,260.20
Provisions for general risks
Retained profits -218,974,357.23 -215,692,936.49
Foreign exchange difference
Total owners’ (or shareholders’) equity 237,791,399.55 241,072,820.29
Total liabilities and owners’ (or
433,515,483.04 459,067,401.52
shareholders’) equity
Legal representative: Chen Hongcheng Chief of the accounting work: Chen Jincai Chief of the accounting organ: Zheng Guangde
3. Consolidated income statement
Prepared by Guangdong Rieys Group Company Ltd.
Unit: RMB Yuan
Item Jan.-Mar. 2013 Jan.-Mar. 2012
I. Total operating revenues 53,009,909.00 4,005,530.44
Including: Sales income 53,009,909.00 4,005,530.44
Interest income
Premium income
Handling charge and
commission income
II. Total operating cost 46,548,369.50 10,925,738.87
Including: Cost of sales 35,832,939.54 3,484,417.74
Interest expenses
Handling charge and
commission expenses
Surrenders
Net claims paid
Net amount withdrawn for the
insurance contract reserve
Expenditure on policy dividends
Reinsurance premium
Taxes and associate charges 4,564,829.25
Selling and distribution expenses 151,828.25 460,848.32
Administrative expenses 4,861,231.39 4,726,558.35
Financial expenses 1,151,870.63 2,259,609.78
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Report for the First Quarter of 2013 of Guangdong Rieys Group Company Ltd.
Asset impairment loss -14,329.56 -5,695.32
Add: Gain/(loss) from change in fair
3,959.00
value (“-” means loss)
Gain/(loss) from investment (“-”
means loss)
Including: share of profits in associates
and joint ventures
Foreign exchange gains (“-” means
loss)
III. Business profit (“-” means loss) 6,461,539.50 -6,916,249.43
Add: non-operating income 3,875.00
Less: non-operating expense 197,867.28 41,169.59
Including: loss from non-current asset
disposal
IV. Total profit (“-” means loss) 6,267,547.22 -6,957,419.02
Less: Income tax expense 2,860,366.56
V. Net profit (“-” means loss) 3,407,180.66 -6,957,419.02
Including: Net profit achieved by
combined parties before the
combinations
Attributable to owners of the
3,425,873.97 -6,940,095.47
Company
Minority shareholders’ income -18,693.31 -17,323.55
VI. Earnings per share -- --
(I) Basic earnings per share 0.01 -0.02
(II) Diluted earnings per share 0.01 -0.02
Ⅶ. Other comprehensive incomes
Ⅷ. Total comprehensive incomes 3,407,180.66 -6,957,419.02
Attributable to owners of the
3,425,873.97 -6,940,095.47
Company
Attributable to minority
-18,693.31 -17,323.55
shareholders
Legal representative: Chen Hongcheng Chief of the accounting work: Chen Jincai Chief of the accounting organ: Zheng Guangde
4. Income statement of the Company
Prepared by Guangdong Rieys Group Company Ltd.
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Report for the First Quarter of 2013 of Guangdong Rieys Group Company Ltd.
Unit: RMB Yuan
Item Jan.-Mar. 2013 Jan.-Mar. 2012
I. Total sales 0.00 0.00
Less: cost of sales 0.00 0.00
Business taxes and surcharges
Distribution expenses
Administrative expenses 2,012,162.73 2,177,299.60
Financial costs 1,166,132.78 1,752,000.76
Impairment loss
Add: gain/(loss) from change in fair
3,959.00
value (“-” means loss)
Gain/(loss) from investment (“-” means
loss)
Including: income form investment on
associates and joint ventures
II. Business profit (“-” means loss) -3,178,295.51 -3,925,341.36
Add: non-business income
Less: non-business expense 103,125.23 40,000.00
Including: loss from non-current asset
disposal
III. Total profit (“-” means loss) -3,281,420.74 -3,965,341.36
Less: income tax expense
IV. Net profit (“-” means loss) -3,281,420.74 -3,965,341.36
V. Earnings per share -- --
(I) Basic earnings per share -0.01 -0.01
(II) Diluted earnings per share -0.01 -0.01
VI. Other comprehensive income
VII. Total comprehensive income -3,281,420.74 -3,965,341.36
Legal representative: Chen Hongcheng Chief of the accounting work: Chen Jincai Chief of the accounting organ: Zheng Guangde
5. Consolidated cash flow statement
Prepared by Guangdong Rieys Group Company Ltd.
Unit: RMB Yuan
Item Jan.-Mar. 2013 Jan.-Mar. 2012
I. Cash flows from operating activities:
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Report for the First Quarter of 2013 of Guangdong Rieys Group Company Ltd.
Cash received from sale of
60,374,584.58 40,058,862.13
commodities and rendering of service
Net increase of deposits from
customers and dues from banks
Net increase of loans from the central
bank
Net increase of funds borrowed from
other financial institutions
Cash received from premium of
original insurance contracts
Net cash received from reinsurance
business
Net increase of deposits of policy
holders and investment fund
Net increase of disposal of tradable
financial assets
Cash received from interest, handling
charges and commissions
Net increase of intra-group
borrowings
Net increase of funds in repurchase
business
Tax refunds received 36,687.67 2,000,000.00
Other cash received relating to
24,288,864.64 3,100,072.08
operating activities
Subtotal of cash inflows from operating
84,700,136.89 45,158,934.21
activities
Cash paid for goods and services 25,550,702.00 16,369,358.07
Net increase of customer lendings
and advances
Net increase of funds deposited in the
central bank and amount due from
banks
Cash for paying claims of the original
insurance contracts
Cash for paying interest, handling
charges and commissions
Cash for paying policy dividends
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Report for the First Quarter of 2013 of Guangdong Rieys Group Company Ltd.
Cash paid to and for employees 2,307,766.71 2,012,370.55
Various taxes paid 11,324,286.54 931,891.66
Other cash payment relating to
61,918,193.52 20,941,908.94
operating activities
Subtotal of cash outflows from
101,100,948.77 40,255,529.22
operating activities
Net cash flows from operating activities -16,400,811.88 4,903,404.99
II. Cash flows from investing activities:
Cash received from withdrawal of
investments
Cash received from return on
investments
Net cash received from disposal of
fixed assets, intangible assets and other
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
investing activities
Subtotal of cash inflows from
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 166,468.15 5,100.00
assets
Cash paid for investment
Net increase of pledged loans
Net cash paid to acquire subsidiaries
and other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from
166,468.15 5,100.00
investing activities
Net cash flows from investing activities -166,468.15 -5,100.00
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Including: Cash received from
20
Report for the First Quarter of 2013 of Guangdong Rieys Group Company Ltd.
minority shareholder investments by
subsidiaries
Cash received from borrowings
Cash received from issuance of
bonds
Other cash received relating to
financing activities
Subtotal of cash inflows from financing
activities
Repayment of borrowings 4,000,000.00
Cash paid for interest expenses and
distribution of dividends or profit
Including: dividends or profit paid
by subsidiaries to minority shareholders
Other cash payments relating to
financing activities
Sub-total of cash outflows from
4,000,000.00
financing activities
Net cash flows from financing activities -4,000,000.00
IV. Effect of foreign exchange rate
-375.66
changes on cash and cash equivalents
V. Net increase in cash and cash
-16,567,655.69 898,304.99
equivalents
Add: Opening balance of cash and
21,555,492.79 1,600,749.63
cash equivalents
VI. Closing balance of cash and cash
4,987,837.10 2,499,054.62
equivalents
Legal representative: Chen Hongcheng Chief of the accounting work: Chen Jincai Chief of the accounting organ: Zheng Guangde
6. Cash flow statement of the Company
Prepared by Guangdong Rieys Group Company Ltd.
Unit: RMB Yuan
Item Jan.-Mar. 2013 Jan.-Mar. 2012
I. Cash flows from operating activities:
Cash received from sale of
commodities and rendering of service
Tax refunds received
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Report for the First Quarter of 2013 of Guangdong Rieys Group Company Ltd.
Other cash received relating to
69,761,221.52 11,561,468.37
operating activities
Subtotal of cash inflows from operating
69,761,221.52 11,561,468.37
activities
Cash paid for goods and services
Cash paid to and for employees 1,070,562.42 471,243.27
Various taxes paid 1,318,908.86 836,285.14
Other cash payment relating to
72,400,712.97 7,099,890.13
operating activities
Subtotal of cash outflows from
74,790,184.25 8,407,418.54
operating activities
Net cash flows from operating activities -5,028,962.73 3,154,049.83
II. Cash flows from investing activities:
Cash received from retraction of
investments
Cash received from return on
investments
Net cash received from disposal of
fixed assets, intangible assets and other
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
investing activities
Subtotal of cash inflows from
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 8,500.00
assets
Cash paid for investment
Net cash paid to acquire subsidiaries
and other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from
8,500.00
investing activities
Net cash flows from investing activities -8,500.00
III. Cash Flows from Financing
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Report for the First Quarter of 2013 of Guangdong Rieys Group Company Ltd.
Activities:
Cash received from capital
contributions
Cash received from borrowings
Cash received from issuance of
bonds
Other cash received relating to
financing activities
Subtotal of cash inflows from financing
activities
Repayment of borrowings 4,000,000.00
Cash paid for interest expenses and
distribution of dividends or profit
Other cash payments relating to
financing activities
Sub-total of cash outflows from
4,000,000.00
financing activities
Net cash flows from financing activities -4,000,000.00
IV. Effect of foreign exchange rate
changes on cash and cash equivalents
V. Net increase in cash and cash
-5,037,462.73 -845,950.17
equivalents
Add: Opening balance of cash and
7,628,811.81 1,338,922.68
cash equivalents
VI. Closing balance of cash and cash
2,591,349.08 492,972.51
equivalents
Legal representative: Chen Hongcheng Chief of the accounting work: Chen Jincai Chief of the accounting organ: Zheng Guangde
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