Report for the First Quarter of 2014 of Guangdong Rieys Group Company Ltd.
Guangdong Rieys Group Company Ltd.
Report for the First Quarter of 2014
April 2014
1
Report for the First Quarter of 2014 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.
All directors have attended the board session for reviewing this report.
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.
This report is prepared in both Chinese and English. Should there be any discrepancy
between the two versions, the Chinese version shall prevail.
2
Report for the First Quarter of 2014 of Guangdong Rieys Group Company Ltd.
Section II. Financial Highlights & Change of Shareholders
I. Main accounting data and financial indicators
Does the Company adjust retrospectively or restate accounting data of previous years due to change of the
accounting policy or correction of any accounting error?
□ Yes √ No
Jan.-Mar. 2014 Jan.-Mar. 2013 +/- (%)
Operating revenues (RMB Yuan) 45,550,189.38 53,009,909.00 -14.07%
Net profit attributable to shareholders of
2,001,656.83 3,425,873.97 -41.57%
the Company (RMB Yuan)
Net profit attributable to shareholders of
the Company after extraordinary gains and 2,558,332.95 3,623,741.25 -29.4%
losses (RMB Yuan)
Net cash flows from operating activities
-50,470,714.89 -16,400,811.88 207.73%
(RMB Yuan)
Basic EPS (RMB Yuan/share) 0.01 0.01 0%
Diluted EPS (RMB Yuan/share) 0.01 0.01 0%
Weighted average ROE (%) 0.55% 0.96% -0.41%
31 Mar. 2014 31 Dec. 2013 +/- (%)
Total assets (RMB Yuan) 448,272,430.11 487,217,084.43 -7.99%
Net assets attributable to shareholders of
364,501,832.49 362,500,175.66 0.55%
the Company (RMB Yuan)
Items and amounts of extraordinary gains and losses
√ Applicable □ Inapplicable
Unit: RMB Yuan
Item 1 Jan. 2014-31 Mar. 2014 Explanation
Gains/losses 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
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Report for the First Quarter of 2014 of Guangdong Rieys Group Company Ltd.
Gains due to that the investment costs for the Company to obtain
subsidiaries, associates and joint ventures are lower than the
0.00
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 net gains and losses of subsidiaries acquired in business
combination under the same control 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 -742,234.83 Donation
Other gain and loss items that meet the definition of an
0.00
extraordinary gain/loss
0.00
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Report for the First Quarter of 2014 of Guangdong Rieys Group Company Ltd.
Less: Income tax effects -185,558.71
Minority interests effects (after tax) 0.00
Total -556,676.12 --
Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in
the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the
Public—Extraordinary Gains and Losses, or classifies any extraordinary gain/loss item mentioned in the said
explanatory announcement as a recurrent gain/loss item
□ Applicable √ Inapplicable
II. Total number of shareholders at the period-end and shareholdings of top 10 shareholders
Unit: share
Total number of shareholders at the
12,605
period-end
Shareholdings of top 10 shareholders
Number of Pledged or frozen shares
Nature of Shareholding Number of
Name of shareholder restricted shares Number of
shareholder percentage (%) shares held Status of shares
held shares
Shenzhen
Domestic
Shenghengchang
non-state-owned 36.99% 117,855,000 117,855,000 Pledged 117,855,000
Huifu Industrial Co.,
corporation
Ltd.
Shenzhen Risheng
Domestic
Chuangyuan Asset
non-state-owned 10.68% 34,020,000 34,020,000 Pledged 34,020,000
Management Co.,
corporation
Ltd.
GUOTAI JUNAN
SECURITIES Foreign
8.03% 25,570,446 0
(HONGKONG) corporation
LIMITED
Shenzhen Lianhua Domestic
Huiren Industrial non-state-owned 3.81% 12,150,000 12,150,000 Pledged 12,150,000
Co., Ltd. corporation
Domestic natural
Su Youhe 2.27% 7,217,210 0
person
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Report for the First Quarter of 2014 of Guangdong Rieys Group Company Ltd.
China Everbright
Foreign
Securities (HK) 2.19% 6,964,310 0
corporation
Limited
Shanghai Wanguo Foreign
Securities (HK) 1.21% 3,857,104 0
Limited corporation
Domestic natural
Fan Jiongyang 0.75% 2,396,620 0
person
Wei Guobin (NGAI Overseas natural
0.36% 1,145,816 0
KWOK PAN) person
Overseas natural
LUO DONG HUI 0.35% 1,100,000 0
person
Shareholdings of top 10 non-restricted shareholders
Variety of shares
Name of shareholder Number of non-restricted shares held
Variety Number
Domestically
GUOTAI JUNAN SECURITIES
25,570,446 listed foreign 25,570,446
(HONGKONG) LIMITED
shares
Domestically
Su Youhe 7,217,210 listed foreign 7,217,210
shares
China Everbright Securities (HK) Domestically
6,964,310 listed foreign 6,964,310
Limited shares
Domestically
Shanghai Wanguo Securities (HK)
3,857,104 listed foreign 3,857,104
Limited
shares
Domestically
Fan Jiongyang 2,396,620 listed foreign 2,396,620
shares
Domestically
Wei Guobin (NGAI KWOK PAN) 1,145,816 listed foreign 1,145,816
shares
Domestically
LUO DONG HUI 1,100,000 1,100,000
listed foreign
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Report for the First Quarter of 2014 of Guangdong Rieys Group Company Ltd.
shares
Domestically
Ke Zhongfeng 754,664 listed foreign 754,664
shares
Domestically
Han Liang 711,458 listed foreign 711,458
shares
Domestically
Wang Yiping 707,213 listed foreign 707,213
shares
Shenzhen Shenghengchang Huifu Industrial Co., Ltd., Shenzhen Risheng Chuangyuan
Asset Management Co., Ltd. and Shenzhen Lianhua Huiren Industrial Co., Ltd., which
Explanation on associated relationship
belonged to action-in-concert promulgated by Measures for the Administration of
or persons acting in concert among the
Disclosure of Information on the Change of Shareholdings in Listed Companies. The
above-mentioned shareholders
Company did not know whether there existed related relationship among other
shareholders.
Top 10 shareholders taking part in
margin financing and securities lending Naught
(if any)
Did any shareholder of the Company carry out an agreed buy-back in the reporting period?
□ Yes √ No
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Report for the First Quarter of 2014 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
Closing Opening Increase/decrease
Balance sheet +/-% Note
balance balance of the amount
Monetary
funds 5,859,956.94 56,330,640.22 -50,470,683.28 -89.60% Used in business development
Accounts Unsettled amounts in sale of
receivable 6,630,183.05 12,308,091.34 -5,677,908.29 -46.13% commodity houses decreased.
Other The accounts receivable
receivables 76,652,939.99 25,762,037.12 50,890,902.87 197.54% increased
Other payables 7,365,599.68 17,148,584.83 -9,782,985.15 -57.05% Repayment
Some advances from customers
Accounts in the sale of commodity
received in houses were carried over into
advance 18,013,762.17 54,245,815.90 -36,232,053.73 -66.79% the sales income.
The loan principal from China
Financial Everbright Bank was repaid
409,324.48 1,151,870.63 -742,546.15
expenses and the relevant interest
-64.46% expenses decreased.
Asset
impairment 47,650.11 -14,329.56 61,979.67 The amount that offset the bad
loss -432.53% debts of last year decreased.
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Report for the First Quarter of 2014 of Guangdong Rieys Group Company Ltd.
II. 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
Telephone Inquiring about operation
10 Jan. 2014 The Company Individual Investor
Communication situation of the Company
Inquiring about operation
Telephone situation of the Company
23 Jan. 2014 The Company Individual Investor
Communication and provide advices for B
share reform
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Report for the First Quarter of 2014 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 5,859,956.94 56,330,640.22
Settlement reserves
Intra-group lendings
Transactional financial assets
Notes receivable
Accounts receivable 6,630,183.05 12,308,091.34
Accounts paid in advance 7,573,185.30 9,847,534.50
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract
reserves
Interest receivable
Dividend receivable
Other accounts receivable 76,652,939.99 25,762,037.12
Financial assets purchased under
agreements to resell
Inventories 234,533,070.76 264,767,911.02
Non-current assets due within 1 year
Other current assets
Total current assets 331,249,336.04 369,016,214.20
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 2014 of Guangdong Rieys Group Company Ltd.
Long-term accounts receivable
Long-term equity investment
Investing property
Fixed assets 82,738,202.81 83,747,681.91
Construction in progress
Engineering materials 54,526.00 54,526.00
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 26,878,692.03 27,046,989.09
R&D expense
Goodwill
Long-term deferred expenses
Deferred income tax assets 7,110,473.23 7,110,473.23
Other non-current assets 241,200.00 241,200.00
Total of non-current assets 117,023,094.07 118,200,870.23
Total assets 448,272,430.11 487,217,084.43
Current liabilities:
Short-term borrowings
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 14,161,283.09 12,910,472.20
Accounts received in advance 18,013,762.17 54,245,815.90
Financial assets sold for repurchase
Handling charges and commissions
payable
Employee’s compensation payable 546,350.77 570,074.38
Tax payable 39,383,964.71 35,541,585.46
Interest payable
Dividend payable
Other accounts payable 7,365,599.68 17,148,584.83
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Report for the First Quarter of 2014 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 79,470,960.42 120,416,532.77
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 79,470,960.42 120,416,532.77
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 -92,263,924.29 -94,265,581.12
Foreign exchange difference
Total equity attributable to owners of
364,501,832.49 362,500,175.66
the Company
Minority interests 4,299,637.20 4,300,376.00
Total owners’ (or shareholders’) equity 368,801,469.69 366,800,551.66
Total liabilities and owners’ (or
448,272,430.11 487,217,084.43
shareholders’) equity
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Report for the First Quarter of 2014 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 3,040,642.48 5,484,282.30
Transactional financial assets
Notes receivable
Accounts receivable
Accounts paid in advance
Interest receivable
Dividend receivable
Other accounts receivable 84,668,026.60 67,379,868.41
Inventories
Non-current assets due within 1 year
Other current assets
Total current assets 87,708,669.08 72,864,150.71
Non-current assets:
Available-for-sale financial assets
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 243,312,509.68 243,312,509.68
Investing property
Fixed assets 79,315,987.44 80,117,954.04
Construction in progress
Engineering materials 54,526.00 54,526.00
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 26,878,692.03 27,046,989.09
R&D expense
Goodwill
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Report for the First Quarter of 2014 of Guangdong Rieys Group Company Ltd.
Long-term deferred expenses
Deferred income tax assets 2,503,495.16 2,503,495.16
Other non-current assets
Total of non-current assets 352,065,210.31 353,035,473.97
Total assets 439,773,879.39 425,899,624.68
Current liabilities:
Short-term borrowings
Transactional financial liabilities
Notes payable
Accounts payable 19,442.64 19,442.64
Accounts received in advance
Employee’s compensation payable 210,467.83 209,326.67
Tax payable 1,057,866.71 1,888,089.52
Interest payable
Dividend payable
Other accounts payable 215,655,906.80 197,551,742.96
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 216,943,683.98 199,668,601.79
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 216,943,683.98 199,668,601.79
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 2014 of Guangdong Rieys Group Company Ltd.
Specific reserves
Surplus reserves 86,036,260.20 86,036,260.20
Provisions for general risks
Retained profits -233,935,561.37 -230,534,733.89
Foreign exchange difference
Total owners’ (or shareholders’) equity 222,830,195.41 226,231,022.89
Total liabilities and owners’ (or
439,773,879.39 425,899,624.68
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. 2014 Jan.-Mar. 2013
I. Operating revenues 45,550,189.38 53,009,909.00
Including: Sales income 45,550,189.38 53,009,909.00
Interest income
Premium income
Handling charge and
commission income
II. Total operating cost 40,789,641.14 46,548,369.50
Including: Cost of sales 32,080,506.43 35,832,939.54
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 3,856,791.27 4,564,829.25
Selling and distribution expenses 112,837.79 151,828.25
Administrative expenses 4,282,531.06 4,861,231.39
Financial expenses 409,324.48 1,151,870.63
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Report for the First Quarter of 2014 of Guangdong Rieys Group Company Ltd.
Asset impairment loss 47,650.11 -14,329.56
Add: Gain/(loss) from change in fair
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) 4,760,548.24 6,461,539.50
Add: non-operating income 2,033.00 3,875.00
Less: non-operating expense 744,267.83 197,867.28
Including: loss from
non-current asset disposal
IV. Total profit (“-” means loss) 4,018,313.41 6,267,547.22
Less: Income tax expense 2,017,395.38 2,860,366.56
V. Net profit (“-” means loss) 2,000,918.03 3,407,180.66
Including: Net profit achieved by
combined parties before the
combinations
Attributable to owners of the
2,001,656.83 3,425,873.97
Company
Minority shareholders’ income -738.80 -18,693.31
VI. Earnings per share -- --
(I) Basic earnings per share 0.01 0.01
(II) Diluted earnings per share 0.01 0.01
Ⅶ. Other comprehensive incomes
Ⅷ. Total comprehensive incomes 2,000,918.03 3,407,180.66
Attributable to owners of the
2,001,656.83 3,425,873.97
Company
Attributable to minority
-738.80 -18,693.31
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.
16
Report for the First Quarter of 2014 of Guangdong Rieys Group Company Ltd.
Unit: RMB Yuan
Item Jan.-Mar. 2014 Jan.-Mar. 2013
I. Operating revenues 0.00 0.00
Less: operating costs 0.00 0.00
Business taxes and surcharges
Distribution expenses
Administrative expenses 2,524,877.12 2,012,162.73
Financial costs 375,122.18 1,166,132.78
Impairment loss
Add: gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-”
means loss)
Including: income form investment
on associates and joint ventures
II. Business profit (“-” means loss) -2,899,999.30 -3,178,295.51
Add: non-business income
Less: non-business expense 500,828.18 103,125.23
Including: loss from non-current
asset disposal
III. Total profit (“-” means loss) -3,400,827.48 -3,281,420.74
Less: income tax expense
IV. Net profit (“-” means loss) -3,400,827.48 -3,281,420.74
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 -3,400,827.48 -3,281,420.74
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. 2014 Jan.-Mar. 2013
I. Cash flows from operating activities:
17
Report for the First Quarter of 2014 of Guangdong Rieys Group Company Ltd.
Cash received from sale of
15,636,043.00 60,374,584.58
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
Other cash received relating to
12,183,889.84 24,288,864.64
operating activities
Subtotal of cash inflows from operating
27,819,932.84 84,700,136.89
activities
Cash paid for goods and services 1,256,641.50 25,550,702.00
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 2014 of Guangdong Rieys Group Company Ltd.
Cash paid to and for employees 1,434,443.90 2,307,766.71
Various taxes paid 2,541,237.25 11,324,286.54
Other cash payment relating to
73,058,325.08 61,918,193.52
operating activities
Subtotal of cash outflows from
78,290,647.73 101,100,948.77
operating activities
Net cash flows from operating activities -50,470,714.89 -16,400,811.88
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
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
investing activities
Net cash flows from investing activities -166,468.15
III. Cash flows from financing
Activities:
Cash received from capital
contributions
Including: Cash received from
19
Report for the First Quarter of 2014 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
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
financing activities
Net cash flows from financing activities
IV. Effect of foreign exchange rate
31.61 -375.66
changes on cash and cash equivalents
V. Net increase in cash and cash
-50,470,683.28 -16,567,655.69
equivalents
Add: Opening balance of cash and
56,330,640.22 21,555,492.79
cash equivalents
VI. Closing balance of cash and cash
5,859,956.94 4,987,837.10
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. 2014 Jan.-Mar. 2013
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 2014 of Guangdong Rieys Group Company Ltd.
Other cash received relating to
39,706,047.39 69,761,221.52
operating activities
Subtotal of cash inflows from operating
39,706,047.39 69,761,221.52
activities
Cash paid for goods and services
Cash paid to and for employees 529,562.91 1,070,562.42
Various taxes paid 836,380.15 1,318,908.86
Other cash payment relating to
40,783,744.15 72,400,712.97
operating activities
Subtotal of cash outflows from
42,149,687.21 74,790,184.25
operating activities
Net cash flows from operating activities -2,443,639.82 -5,028,962.73
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 2014 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
Cash paid for interest expenses and
distribution of dividends or profit
Other cash payments relating to
financing activities
Sub-total of cash outflows from
financing activities
Net cash flows from financing activities
IV. Effect of foreign exchange rate
changes on cash and cash equivalents
V. Net increase in cash and cash
-2,443,639.82 -5,037,462.73
equivalents
Add: Opening balance of cash and
5,484,282.30 7,628,811.81
cash equivalents
VI. Closing balance of cash and cash
3,040,642.48 2,591,349.08
equivalents
Legal representative: Chen Hongcheng Chief of the accounting work: Chen Jincai Chief of the accounting organ: Zheng Guangde
II. Audit report
Is this report audited?
□ Yes √ No
This report is not audited.
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