石家庄宝石电子玻璃股份有限公司2009 年第三季度季度报告全文
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Shijiazhuang Baoshi Electronic Glass Co., Ltd.
Quarterly Report for the Third Quarter of 2009 (Full text)
§1 Important Notes
1.1 The Board of Directors and the directors of the Company hereby warrant that there are no
misstatement, misleading representation or important omissions in this report and shall assume
joint and several liability for the authenticity, accuracy and completeness of the contents
hereof.
1.2 The Third quarterly financial report of the Company is not audited .
1.3 Mr. Shang Jianbin, board chairman of the Company, Mr. Song Hongbo, charge of accounting,
and Mr.Zhou Yumao, the person in charge of financial accounting organ represent and warrant
the financial report in this Quarterly report is true and complete.
2.1 Key accounting data and financial indicators
Unit ：RMB
2009.9.30 2008.12.31 Increase /decrease（％）
Total assets（RMB） 387,335,515.53 406,383,398.21 -4.69%
Owner’s equity attributable to
shareholders of the listed company
（RMB）
237,034,297.37 249,362,994.84 -4.94%
Stock capital（shares） 383,000,000.00 383,000,000.00 0.00%
Net assets per share attributable to
shareholders of the listed company
（yuan/shares）
0.619 0.651 -4.92%
July-September 2009
Increase/decrease in
the report period
compared with the
same period of the
last year(%)
January-September
2009
Increase/decrease in
the report period
compared with the
same period of the
last year(%)
Total turnover(RMB) 16,541,178.92 -67.18% 50,647,456.02 -71.18%
Net profit attributable to shareholders of
the listed company（RMB）
-6,903,571.26 -1,251.48% -12,328,697.84 -426.73%
Net cash flow arising from operating
activities（RMB）
- - -12,331,241.43 -23.17%
Net cash flow per share arising from
operating activities（yuan/shares）
- - -0.0322 -23.17%
Basic earnings per share（yuan/shares） -0.0180 -1,300.00% -0.0322 -425.25%
Diluted earnings per share（yuan/shares） -0.0180 -1,300.00% -0.0322 -425.25%
Return on net assets（%） -2.91% -1,309.60% -5.20% -443.22%
Return on net assets after deducting
non-recurring gains and losses（%）
-2.91% -1,186.35% -5.20% -437.13%
Unit：RMB石家庄宝石电子玻璃股份有限公司2009 年第三季度季度报告全文
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Items of non-current gains and losses Year begin to end of report period Notes
Non-operating expenses -541.24
Total -541.24 -
2.2 Top 10 shareholders and top 10 holders of unconditional shares
Unit：Shares
Total number of shareholders at the end of report
period
29,181(including 18,780 of A-share holders, and 10,401 of B-share holders
Top 10 holders of unconditional shares
Name of the shareholder
Number of Unconditional shares held at
the period-end
Type of shares
Shijiazhuang Baoshi Electronic Group Co., Ltd. 190,775,700 RMB Common shares
China merchants securities(HK) Co., Ltd. 4,145,970
Foreign shares placed in domestic
exchange
LI LEON ZHAN WEI 2,948,600
Foreign shares placed in domestic
exchange
Zhang Wenying 2,095,586 RMB Common shares
Chen Qianfen 2,071,100
Foreign shares placed in domestic
exchange
Chen Lihong 1,807,184
Foreign shares placed in domestic
exchange
Bo Haowen 1,400,000
Foreign shares placed in domestic
exchange
Qin Yuyan 1,363,500
Foreign shares placed in domestic
exchange
CITRINE CAPITAL LIMITED 1,332,319
Foreign shares placed in domestic
exchange
Xiang Li 1,257,574 RMB Common shares
§3 Significant Events
3.1 Particular about large-margin change of main accounting statement item and financial index and its
reason.
√ applicable □ not applicable
1. Monetary capital decreased much year on year due to little repayment of Electrovacuum Company
in recent period.
2. Other receivables increased much year on year due to increase of accounts receivable from Group
Company;
3. Accounts payable decreased much year on year due to reimbursement of power cost and payment
for goods;
4. Taxes and levies decreased much year on year due to much tax on purchase to be credited against
at the end of period;
5. Gross operating income decreased much year on year due to transfer to power business to the
Group in September 2008;石家庄宝石电子玻璃股份有限公司2009 年第三季度季度报告全文
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6. Financial expenses decreased much year on year due to small amount of bill discount and decrease
of interests;
7. Net profit, earnings per share and return on net assets decreased much year on year due to lowering
of profitability of main operation;
8. Cash received from sales of goods and rendering of services and cash paid for goods and services
decreased much year on year because power business was settled in the Company and there was big
amount of cash flow in the same period of the previous year;
9. Other cash received relating to operating activities increased year on year due to increase of
income on waste materials in current period.
3.2 The progress of significant events and influence, as well as the analysis and explanation on resolving
proposal.
□applicable √ not applicable
3.3 The fulfillment of the commitment made by the Company , shareholders and the actual controller
√ applicable □ not applicable
Items Commitment Status of fulfillment of commitment
Commitment of Share structure reform
In addition to statutory
minimum commitment,
the controlling
shareholder of the
Company Baoshi Group
Co. made the following
special commitments:
(1) Commitment
concerning selling price
If non-negotiable shares
held by it are sold through
Shenzhen Stock Exchange
within 36 months from
the date of obtaining the
right of negotiation, the
selling price shall not be
lower than RMB 2.5 per
share (In case of dividend
distribution, bonus share
distribution and capital
surplus capitalization,
such price shall be treated
on ex-right and
ex-dividend basis).
If the price of the shares
sold through securities
exchange within the said
term is lower than RMB
2.5 per share, the
In the report period, Baoshi Group Co., the
controlling shareholder of the Company, and
other shareholders holding shares subject to
sale restriction strictly fulfilled their
commitments made in the Company's plan
for share holding structure reform. So far,
the promises have been fully fulfilled.石家庄宝石电子玻璃股份有限公司2009 年第三季度季度报告全文
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proceeds of selling shares
shall belong to the
Company.
(2) To advance the
consideration to be paid
by shareholders holding
non-negotiable shares
who have not explicitly
agreed to the plan
In order to smoothly carry
out this share holding
structure reform, Baoshi
Group Co. promised to
advance the consideration
to be paid by the
shareholders holding
non-negotiable shares
who had not explicitly
agreed to the plan as of
the stock right registration
date for the
implementation of this
plan for share holding
structure reform for the
obtainment of the right of
listing and negotiation of
the non-negotiable shares
held by such
shareholders.
Commitment of Share conditional
subscription
No applicable No applicable
Commitments made in Acquisition Report
or Reports on Change in interests
No applicable No applicable
Commitments made in Material assets
Reorganization
No applicable No applicable
Commitments made in issuing No applicable No applicable
Other commitments（Including:
supplementary commitments）
No applicable No applicable
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 □ Not applicable
Forenotice of earnings Loss
Year beginning to end of
next report period
Same period of the
previous year Increase or decrease (%)
Estimated amount of
accumulative net
profit(RMB’0000)
-2,800.00 413.94 Decrease 776.43
Basic earnings per -0.073 0.01 Decrease 830石家庄宝石电子玻璃股份有限公司2009 年第三季度季度报告全文
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share(Yuan/share)
Notes to forenotice of
earnings
(1)Due to continuous shrinkage of CRT market, the transformation of the
whole industry is in progress. The irregular output reduction or production
suspense of upstream color kinescope enterprises restricted the production
and sales of the Company's products. Meanwhile, the price of energy, power
and raw materials was kept on high level. The price of the Company's
products was on a very low level. The Company is expected to make
provision for bad debts in respect of the accounts receivable of
Electrovacuum Company at year end due to the production suspense of
Electrovacuum Company, which will greatly affect the Company's earnings
for 2009. According to the preliminary calculation by the Finance Dept. of
the Company, the Company will suffer loss for 2009.
(2)This forenotice of earnings has not been pre-audited by certified public
accountants.
（3）The earnings are forecast according to the current CRT market
condition and the Company's production and operation status. If the
fundamental factors of the industry or the Company change, the accuracy of
this forenotice of earnings may be affected.
3.5 Other significant events need to be explained
With the updating of color TV products, the market demand of CRT has shrunk year by year. In
addition，As a result, the production and operation of Shijiazhuang Baoshi Electrovacuum Co., Ltd.
was seriously affected. In September 2009, the furnaces for color cones and color screens shut down
in succession and stopped the production of glass bulb products. At present, new project investment
is being planned.
As of the end of this report period, the balance of accounts receivable of the Company and
Electrovacuum Company was RMB 10128.86 (according to consolidated statements). Due to
production suspense of Electrovacuum Company, the Company is expected to make provision for
bad debts in respect of accounts receivable at year end. Provision for bad debts will greatly affect the
Company's earnings for 2009.
3.5.1 Reception of investigations, communications ,or interviews company held in the report period.
In the report period, the company did not accept investigations, communications ,or interviews .
§4 Appendix
4.1 Balance sheet
Prepared by Shijiazhuang Baoshi Electronic Glass Co., Ltd. September 30,2009 Unit：RMB
Balance of period-end Balance of period-begin
Items
Consolidation Parent Company Consolidation Parent Company
Current assets：
Monetary funds 5,138,531.52 4,971,023.79 17,507,703.02 17,328,431.91
Settlement provisions
Capital lent
Transaction finance assets石家庄宝石电子玻璃股份有限公司2009 年第三季度季度报告全文
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Bill receivable 1,200,000.00 1,200,000.00 1,340,000.00 1,340,000.00
Accounts receivable 102,758,916.78 102,758,916.78 102,495,580.45 102,495,580.45
Accounts in advance 891,007.52 891,007.52 968,879.52 968,879.52
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Interest receivable
Dividend receivable
Other receivables 31,730,164.93 24,692,732.60 21,083,142.20 15,604,173.07
Purchase restituted finance
assets
Inventory 39,892,796.40 39,749,671.28 45,658,214.55 45,515,089.43
Non-Current assets within
one year
Other Current assets 58,609,389.92 609,389.92 58,609,389.92 609,389.92
Total currents assets 240,220,807.07 174,872,741.89 247,662,909.66 183,861,544.30
Non-current assets
Granted loans and advances
Finance assets available sales
Held-to maturity securities
Long-term account receivable
Long-term equity investment 200,000.00 61,369,306.96 200,000.00 61,369,306.96
Investment property
Fixed assets 114,873,481.27 85,728,067.91 126,284,555.73 95,373,209.08
Construction in progress
Engineering material
Disposal of fixed assets
Consumable biological assets
Oil and gas assets
Intangible assets 12,234,536.83 12,234,536.83 12,479,947.12 12,479,947.12
Expense on research and
development
Goodwill
Long-term expenses to be
apportioned
7,662,737.75 7,662,737.75 7,612,033.09 7,612,033.09
Deferred income tax assets 12,143,952.61 12,143,952.61 12,143,952.61 12,143,952.61
Other non-current assets
Total non-current assets 147,114,708.46 179,138,602.06 158,720,488.55 188,978,448.86
Total assets 387,335,515.53 354,011,343.95 406,383,398.21 372,839,993.16
Current liabilities：
Short-term loans
Loan form central bank
Absorbing deposit and interbank
deposit
Capital borrowed
Transaction financial liabilities
Bill payable 1,072,098.98 1,032,099.08 1,082,099.08 1,082,099.08石家庄宝石电子玻璃股份有限公司2009 年第三季度季度报告全文
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Accounts payable 10,666,032.81 8,234,079.30 21,823,254.90 19,351,301.49
Accounts received in advance 1,430,753.60 1,430,753.60 1,294,842.85 1,294,842.85
Selling financial assets of
repurchase
Commission charge and
commission payable
Wage payable 5,592,334.61 5,552,905.55 6,180,547.46 6,141,118.40
Taxes payable -1,056,261.45 370,402.15 -579,123.63 941,476.86
Interest payable 14,003,190.02 13,491,081.29
Dividend payable
Other accounts payable 29,330,632.75 105,877,463.23 24,213,159.28 101,279,989.39
Reinsurance payables
Insurance contract reserve
Security trading of agency
Security sales of agency
Long-term liabilities due
within1 year
Other current liabilities 68,346,000.00 68,346,000.00
Total current liabilities 129,384,781.32 122,497,702.91 135,851,861.23 130,090,828.07
Non-current liabilities：
Long-term loans
Bonds payable
Long-term accounts payable
Special accounts payable
Projected liabilities
Deferred income tax liabilities
Other non-current liabilities 5,333,494.31 5,333,494.31
Deferred income 165,000.00 165,000.00 165,000.00 165,000.00
Total non-current liabilities 5,498,494.31 165,000.00 5,498,494.31 165,000.00
Total liabilities 134,883,275.63 122,662,702.91 141,350,355.54 130,255,828.07
Owner’s equity(or shareholder’s
equity)：
Share capital 383,000,000.00 383,000,000.00 383,000,000.00 383,000,000.00
Capital public reserve 385,190,502.99 355,857,851.87 385,190,502.62 355,857,851.87
Less：Inventory shares
Special reserve
Surplus reserves 27,454,788.05 32,204,150.60 27,454,788.05 32,204,150.60
Common risk provision
Undistributed profit -558,610,993.67 -539,713,361.43 -546,282,295.83 -528,477,837.38
Different of foreign currency
translation
Total of owner’s equity belong to
the parent company
237,034,297.37 231,348,641.04 249,362,994.84 242,584,165.09
Minor shareholders’ equity 15,417,942.53 15,670,047.83
Total of owners’ equity 252,452,239.90 231,348,641.04 265,033,042.67 242,584,165.09
Total of liabilities and owners’
equity
387,335,515.53 354,011,343.95 406,383,398.21 372,839,993.16石家庄宝石电子玻璃股份有限公司2009 年第三季度季度报告全文
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4.2 Profit statement of the report period
Prepared by Shijiazhuang Baoshi Electronic Glass Co., Ltd. July-September 2009 Unit：RMB
This period Same period of last year
Items
Consolidation Parent Company Consolidation Parent Company
I. Total operating income 16,541,178.92 15,738,546.92 50,393,527.95 49,590,895.95
Including：Operating income 16,541,178.92 15,738,546.92 50,393,527.95 49,590,895.95
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 23,498,624.71 22,406,154.04 49,755,546.06 48,676,073.88
including：operating cost 18,258,882.67 18,118,020.75 42,389,485.42 42,248,623.50
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 92,996.01 92,996.01 238,557.03 238,557.03
Sales expenses 464,764.05 464,764.05 722,663.71 722,663.71
Administration expenses 4,513,365.23 3,732,746.18 6,162,292.89 5,403,040.17
Financial expenses 168,616.75 -2,372.95 242,547.01 63,189.47
Losses of devaluation of assets
Add：changing income of fair
value
Investment income
Including：Investment income on
affiliated company and joint
venture
Exchange income
III.Operating profit -6,957,445.79 -6,667,607.12 637,981.89 914,822.07
Add：non-operating income
less：non-operating expense 441.24 441.24 90,325.10 90,325.10
Including：disposal loss of
non-current assets
IV. Total profit -6,957,887.03 -6,668,048.36 547,656.79 824,496.97
Less：expense of income tax
V. Net profit -6,957,887.03 -6,668,048.36 547,656.79 824,496.97
Net profit attributable to
owner’s equity of parent company
-6,903,571.26 -6,668,048.36 599,536.64 824,496.97
Minority shareholders’ gains
and losses
-54,315.77 -51,879.85
VI. Earnings per share
（i）basic earnings per share -0.0180 -0.0174 0.0015 0.0022石家庄宝石电子玻璃股份有限公司2009 年第三季度季度报告全文
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（ii）Diluted earnings per share -0.0180 -0.0174 0.0015 0.0022
VII. Other composite income
VIII. Total composite income -6,957,887.03 -6,668,048.36 547,656.79 824,496.97
Including: Attributable to owners
of parent Company
-6,903,571.26 -6,668,048.36 599,536.64 824,496.97
Attributable to minority
shareholders
-54,315.77 -51,879.85
4.3 Profit statement from Year-begin to period-end
Prepared by Shijiazhuang Baoshi Electronic Glass Co., Ltd. January-September 2009 Unit：RMB
Report period Same period of the previous year
Items
Consolidated Parent company Consolidated Parent company
I. Total operating income 50,647,456.02 49,042,192.02 175,737,010.04 174,131,746.04
Including：Operating income 50,647,456.02 49,042,192.02 175,737,010.04 174,131,746.04
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 62,841,853.83 59,891,310.74 170,806,789.49 167,873,024.60
including：operating cost 47,590,947.75 47,309,223.91 151,360,055.32 151,078,331.48
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 472,760.16 472,760.16 684,959.41 684,959.41
Sales expenses 1,156,248.14 1,156,248.14 1,560,021.79 1,560,021.79
Administration expenses 13,045,505.31 10,889,340.03 16,413,522.00 14,299,291.21
Financial expenses 576,392.47 63,738.50 871,159.29 333,349.03
Losses of devaluation of assets -82,928.32 -82,928.32
Add：changing income of fair
value
Investment income
Including：Investment income on
affiliated company and joint
venture
Exchange income
III. Operating profit -12,194,397.81 -10,849,118.72 4,930,220.55 6,258,721.44
Add：non-operating income
less：non-operating expense 541.24 541.24 90,625.10 90,625.10
Including：disposal loss of
non-current assets
IV. Total profit -12,194,939.05 -10,849,659.96 4,839,595.45 6,168,096.34石家庄宝石电子玻璃股份有限公司2009 年第三季度季度报告全文
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Less：expense of income tax 385,864.09 385,864.09 1,315,167.76 1,315,167.76
V. Net profit -12,580,803.14 -11,235,524.05 3,524,427.69 4,852,928.58
Net profit attributable to
owner’s equity of parent company
-12,328,697.84 -11,235,524.05 3,773,388.76 4,852,928.58
Minority shareholders’ gains
and losses
-252,105.30 -248,961.07
VI. Earnings per share
（i）basic earnings per share -0.0322 -0.0293 0.0099 0.0127
（ii）Diluted earnings per share -0.0322 -0.0293 0.0099 0.0127
VII. Other composite income
VIII. Total composite income -12,580,803.14 -11,235,524.05 3,524,427.69 4,852,928.58
Including: Attributable to owners
of parent Company
-12,328,697.84 -11,235,524.05 3,773,388.76 4,852,928.58
Attributable to minority
shareholders
-252,105.30 -248,961.07
4.4 Cash Flow Statement
Prepared by Shijiazhuang Baoshi Electronic Glass Co., Ltd. January –September 30,2009 Unit：RMB
Report period Same period of the previous year
Items
Consolidated Parent company Consolidated Parent company
I. Cash flows arising form
operating activities:
Cash received from selling
commodities and providing labor
services
22,923,760.77 22,923,760.77 165,322,410.88 165,322,410.88
Net increase of customer deposit
and interbank deposit
Net increase of loan form 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 assets
Cash received form interest,
commission charge and
commission
Net increase of capital
borrowed
Net increase of returned business
capital
Write-back of tax received 985.79 985.79
Other cash received
concerning operating activities
4,040,589.11 3,498,973.80 1,731,091.04 920,258.90
Subtotal of cash inflow 26,965,335.67 26,423,720.36 167,053,501.92 166,242,669.78石家庄宝石电子玻璃股份有限公司2009 年第三季度季度报告全文
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Cash paid for purchasing
commodities and receiving labor
service
22,973,401.97 22,973,401.97 160,096,913.07 160,096,913.07
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 worker 5,813,477.89 5,813,477.89 8,319,363.19 8,319,363.19
Taxes paid 6,931,564.02 6,411,312.33 5,631,144.22 4,970,030.61
Other cash paid concerning
operating activities
3,578,133.22 3,545,006.22 3,017,249.70 2,923,742.30
Subtotal of cash outflow 39,296,577.10 38,743,198.41 177,064,670.18 176,310,049.17
Net cash flows arising form
operating activities
-12,331,241.43 -12,319,478.05 -10,011,168.26 -10,067,379.39
II. Cash flows arising form
investing activities
Cash received form
recovering investment
Cash received form investment
income
Net cash received form 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 sash inflow
Cash paid for purchasing fixed,
intangible and other long-term
assets
37,930.07 37,930.07 410,537.00 410,537.00
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 37,930.07 37,930.07 410,537.00 410,537.00
Net cash flows arising from
investing activities
-37,930.07 -37,930.07 -410,537.00 -410,537.00
III. Cash flows arising from
financing activities
Cash received from absorbing
investment
including：Cash received from
absorbing minority shareholders’
investment by subsidiaries石家庄宝石电子玻璃股份有限公司2009 年第三季度季度报告全文
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Cash received from loans
Cash received from issuing bonds
Other cash received concerning
financing activities
Subtotal of cash inflow
Cash paid form 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
Subtotal of cash outflow
Net cash flows arising from
financing activities
IV. Influence on cash due to
fluctuation in exchange rate
V.Net increase of cash and cash
equivalents
-12,369,171.50 -12,357,408.12 -10,421,705.26 -10,477,916.39
Add：Balance of cash and cash
equivalents at the period -begin
17,507,703.02 17,328,431.91 14,705,272.08 14,385,269.68
VI. balance of cash and cash
equivalents at the period-end.
5,138,531.52 4,971,023.79 4,283,566.82 3,907,353.29
4.5 Auditor’ report
Auditor’s opinions：Not audited
