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宝 石B:2010年第一季度报告全文(英文版)2010-04-26  

						石家庄宝石电子玻璃股份有限公司2010 年第一季度季度报告全文

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    Shijiazhuang Baoshi Electronic Glass Co., Ltd.

    The First Quarterly Report 2010

    §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 First quarterly financial report of the Company is unaudited.

    1.3 Mr. Shang Jianbin , Principal of the Company and the in charge of accounting ,Mr. Zhou Yumao , the

    principal of the Accounting Department hereby declare : we guarantee the authenticity and completeness of

    the Financial Report in this quarterly report.

    §2 Basic Information

    2.1 Main accounting Highlights and financial indexes

    Unit: RMB

    At the end of the report

    period

    At the end of the last year

    Increase/decrease of the

    end of report period than

    that of the end of the last

    year(%)

    Total assets(RMB) 364,146,513.87 364,159,627.51 0.00%

    Owner’s equity attributable to the parent

    company(RMB)

    210,604,545.99 216,919,431.39 -2.91%

    Stock capital(Share ) 383,000,000.00 383,000,000.00 0.00%

    Net assets per share attributable to the parent

    company(RMB/share)

    0.55 0.57 -3.51%

    Amount of current period

    Amount of the same period

    in last year

    Increase /decrease(%)

    Total turnover(RMB) 13,569,457.92 25,839,031.02 -47.48%

    Net profit attributable to owners of parent

    company(RMB)

    -6,314,697.99 330,462.73 -2,010.87%

    Net cash flow arising from operating

    activities(RMB)

    -1,601,383.78 -12,276,919.32 -86.96%

    Net cash flow per share arising from operating

    activities(RMB/share)

    -0.0042 -0.03 -86%

    Basic earnings per share(RMB/share) -0.0165 0.0009 -1,933.33%

    Diluted earnings per share(RMB/share) -0.0165 0.0009 -1,933.33%

    Weighted average return on equity(%) -2.95% -0.13% -2.82%石家庄宝石电子玻璃股份有限公司2010 年第一季度季度报告全文

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    Weighted average return on equity after

    deducting non-recurring gains and losses(%)

    -2.95% -0.13% -2.82%

    Items of non-current gains and losses

    Year begin to end of report

    period

    Total 0.00

    Explanation on important items of extraordinary gains and losses:

    None

    2.2 Top 10 shareholders and top 10 holders of unconditional shares

    Unit:Shares

    Total number of shareholders at the end of report

    period

    32,563 (including 22,629 of A-share holders, and 9,934 of B-share holders

    Particulars about the shares held by the top ten tradable shareholders with unrestricted conditions

    Full name of shareholder

    Amount of tradable shares with

    unrestricted conditions held at the end of

    report period

    Type of shares

    Shijiazhuang Baoshi Electronic Group Co., Ltd. 180,628,500 RMB common share

    Merchants securities Hongkong Co., Ltd. 3,567,873

    Foreign shares placed in domestic

    exchange

    LI LEON ZHAN WEI 2,961,800

    Foreign shares placed in domestic

    exchange

    Chen Qianfen 2,592,300

    Foreign shares placed in domestic

    exchange

    Chen Lihong 1,807,184

    Foreign shares placed in domestic

    exchange

    Yuan Shifu 1,396,665 RMB common share

    CITRINE CAPITAL LIMITED 1,332,319

    Foreign shares placed in domestic

    exchange

    Liugang 1,256,719

    Foreign shares placed in domestic

    exchange

    Jian Liang 1,252,700 RMB common share

    Liu Guosheng 971,500

    Foreign shares placed in domestic

    exchange

    §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 because net cash flow from operating activities was negative;

    2. Bills receivable decreased due to cashing of banker's acceptance bills upon maturity and payment for goods with bills;

    3. Accounts receivable decreased because Electrovacuum Company set off some debts with noble metal;

    4. Other receivables increased due to increase of house rent receivable from branch factories of the Group;

    5. Inventories increased because Electrovacuum Company set off some debts with noble metal;

    6. Operating income decreased due to decrease of income of Glass Tube Factory and Component Factory as a result of decrease of

    market demand;

    7. Business tax and surtax decreased due to decrease of operating income;石家庄宝石电子玻璃股份有限公司2010 年第一季度季度报告全文

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    8. Operating profit decreased due to decrease of income as a result of decrease of market demand of key products;

    9. Other cash receipt related to operating activities increased due to exchanging bills for cash with Group Company;

    10. Cash paid for goods and services decreased due to control of purchase of stocks as a result of decrease of sales amount;

    11. Paid taxes and levies decreased due to decrease of income;

    3.2 The progress of significant events and influence, as well as the analysis and explanation on resolving

    proposal.

    □Applicable √Not applicable

    3.3 Implementations of commitments by the Company, shareholders and actual controller

    √ Applicable □ Not applicable

    Items of commitments Promisee Content of commitments Implementation

    Promise in share holding structure

    reform

    Not applicable Not applicable Not applicable

    Commitment of Share conditional

    subscription

    Shijiazhuang

    Baoshi Electronic

    Group Co., Ltd.

    Commitments made on July 23,2009 : If

    Baoshi Group plans to sell tradable

    stocks of Shijiazhuang Baoshi

    Electronic Glass Company Limited

    through the bid trading system of

    Shenzhen Stock Exchange and sell

    greater than 5% of shares within six

    months after the first sales, Baoshi

    Group will disclose the contents

    specified by the Form Guide to Prompt

    Announcement of Removing Restriction

    on Sales of Non-tradable Stocks of

    Listed Companies through the prompt

    announcement of disclosing sales of

    listed companies.

    Perform strictly

    Commitments made in Acquisition Report

    or Reports on Change in interests

    Not applicable Not applicable Not applicable

    Commitments made in Material assets

    Reorganization

    Not applicable Not applicable Not applicable

    Commitments made in issuing Not applicable Not applicable Not applicable

    Other commitments(Including:

    supplementary commitments)

    Not applicable Not applicable Not 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)

    -1300.00 -542.51 Decrease 140

    Basic earnings per

    share(Yuan/share)

    -0.034 -0.014 Decrease 140

    Notes to forenotice of

    earnings Notes to forenotice

    of earnings

    1. The company’s main products are electronic components of CRT TV package. Owing to

    global financial crisis leads the demand reduce and a disruption in products producing,

    therefore has the significant decline of the international and domestic CRT market that leads

    the demand of color covers and their supporting components sharply drop, additionally it has石家庄宝石电子玻璃股份有限公司2010 年第一季度季度报告全文

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    the price significant growth of energy and power, the raw material as well. 12. Continuous

    lowering of selling price of products will greatly affect the earnings of the Company for the first half

    of 2010.

    2.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. This forenotice of earnings has not been pre-audited by certified public accountants.

    3.5 Other significant events need to be explained

    3.5.1 Securities investment

    □applicable √ not applicable

    3.5.2 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 .

    3.5.3 Explanation of other significant events

    □applicable √ not applicable

    3.6 Derivative Investment

    □applicable √ not applicable

    3.6.1 Particulars about derivatives investment held at the end of report period

    □applicable √ not applicable

    §4 Appendix

    4.1 Balance sheet

    Prepared by Shijiazhuang Baoshi Electronic Glass Co., Ltd. March 31,2010 Unit:RMB

    Year-end balance

    Year-beginning balance

    Items

    Consolidated Parent company Consolidated Parent company

    Current assets:

    Monetary funds 3,285,396.11 3,123,428.78 4,886,779.89 4,720,498.87

    Settlement provisions

    Capital lent

    Transaction finance assets

    Bill receivable 318,112.56 318,112.56 807,920.00 807,920.00

    Accounts receivable 23,107,225.45 23,107,225.45 67,309,920.21 67,309,920.21

    Accounts in advance 759,470.53 759,470.53 778,709.08 778,709.08

    Insurance receivable石家庄宝石电子玻璃股份有限公司2010 年第一季度季度报告全文

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    Reinsurance receivables

    Contract reserve of reinsurance

    receivable

    Interest receivable

    Dividend receivable

    Other receivables 27,245,306.38 19,931,606.05 20,249,574.19 13,374,818.39

    Purchase restituted finance

    assets

    Inventory 111,780,674.08 111,637,548.96 68,620,043.61 68,476,918.49

    Non-Current assets within one

    year

    Other Current assets 58,444,332.65 444,332.65 58,444,332.65 444,332.65

    Total currents assets 224,940,517.76 159,321,724.98 221,097,279.63 155,913,117.69

    Non-current assets

    Granted loans and advances

    Finance assets available sales

    Held-to maturity securities

    Long-term account receivable

    Long-term equity investment 150,000.00 61,319,306.96 150,000.00 61,319,306.96

    Investment property

    Fixed assets 107,357,104.84 79,388,980.34 111,131,653.18 82,574,884.25

    Construction in progress

    Engineering material

    Disposal of fixed assets

    Consumable biological assets

    Oil and gas assets

    Intangible assets 12,070,929.97 12,070,929.97 12,152,733.40 12,152,733.40

    Expense on research and

    development

    Goodwill

    Long-term expenses to be

    apportioned

    7,662,661.02 7,662,661.02 7,662,661.02 7,662,661.02

    Deferred income tax assets 11,965,300.28 11,965,300.28 11,965,300.28 11,965,300.28

    Other non-current assets

    Total non-current assets 139,205,996.11 172,407,178.57 143,062,347.88 175,674,885.91

    Total assets 364,146,513.87 331,728,903.55 364,159,627.51 331,588,003.60

    Current liabilities:

    Short-term loans

    Loan form central bank

    Absorbing deposit and

    interbank deposit

    Capital borrowed

    Transaction financial liabilities

    Bill payable 39,999.90

    Accounts payable 13,401,616.73 10,969,663.22 13,045,735.64 11,012,726.76

    Accounts received in advance 1,456,606.84 1,456,606.84 1,372,029.87 1,372,029.87

    Selling financial assets of

    repurchase石家庄宝石电子玻璃股份有限公司2010 年第一季度季度报告全文

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    Commission charge and

    commission payable

    Wage payable 5,382,986.51 5,343,557.45 5,189,687.62 5,150,258.56

    Taxes payable -1,542,423.25 25,102.27 -1,503,218.37 17,382.12

    Interest payable 14,344,595.84 14,173,892.93

    Dividend payable

    Other accounts payable 31,541,216.37 107,738,046.85 25,871,216.57 102,278,047.05

    Reinsurance payables

    Insurance contract reserve

    Security trading of agency

    Security sales of agency

    Long-term liabilities due

    within1 year

    Other current liabilities 68,282,000.00 68,282,000.00

    Total current liabilities 132,906,598.94 125,532,976.63 126,431,344.26 119,830,444.36

    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 145,000.00 145,000.00 145,000.00 145,000.00

    Total non-current liabilities 5,478,494.31 145,000.00 5,478,494.31 145,000.00

    Total liabilities 138,385,093.25 125,677,976.63 131,909,838.57 119,975,444.36

    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 385,190,502.99 355,857,851.87 385,190,502.99 355,857,851.87

    Less:Inventory shares

    Special Reserve

    Surplus public reserve 27,454,788.05 32,204,150.60 27,454,788.05 32,204,150.60

    Provision of general risk

    Retained profit -585,040,745.05 -565,011,075.55 -578,725,859.65 -559,449,443.23

    Balance difference of foreign

    currency translation

    Total owner’s equity attributable

    to parent company

    210,604,545.99 206,050,926.92 216,919,431.39 211,612,559.24

    Minority interests 15,156,874.63 15,330,357.55

    Total owner’s equity 225,761,420.62 206,050,926.92 232,249,788.94 211,612,559.24

    Total liabilities and owner’s

    equity

    364,146,513.87 331,728,903.55 364,159,627.51 331,588,003.60

    4.2 Profit statement

    Prepared by Shijiazhuang Baoshi Electronic Glass Co., Ltd. January –March 2010 Unit:RMB

    Items This period Same period of last year石家庄宝石电子玻璃股份有限公司2010 年第一季度季度报告全文

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    Consolidation Parent Company Consolidation Parent Company

    I. Total operating income 13,569,457.92 13,569,457.92 25,839,031.02 25,839,031.02

    Including:Operating income 13,569,457.92 13,569,457.92 25,839,031.02 25,839,031.02

    Interest income

    Insurance gained

    Commission charge and

    commission income

    II. Total operating cost 20,057,826.24 19,131,090.24 25,687,516.38 24,732,083.66

    including:operating cost 16,055,048.74 16,055,048.74 21,257,464.27 21,257,464.27

    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 28,554.08 28,554.08 322,253.56 322,253.56

    Sales expenses 436,555.78 436,555.78 374,616.25 374,616.25

    Administration expenses 3,355,724.05 2,600,447.25 3,517,210.76 2,741,458.04

    Financial expenses 181,943.59 10,484.39 215,971.54 36,291.54

    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 -6,488,368.32 -5,561,632.32 151,514.64 1,106,947.36

    Add:non-operating income

    less:non-operating expense 100.00 100.00

    Including:disposal loss of

    non-current assets

    IV. Total profit -6,488,368.32 -5,561,632.32 151,414.64 1,106,847.36

    Less:expense of income tax

    V. Net profit -6,488,368.32 -5,561,632.32 151,414.64 1,106,847.36

    Net profit attributable to owner’s

    equity of parent company

    -6,314,697.99 -5,561,632.32 330,462.73 1,106,847.36

    Minority shareholders’ gains

    and losses

    -173,670.33 -179,048.09

    VI. Earnings per share

    (i)basic earnings per share -0.0165 -0.0145 0.0009 0.0029

    (ii)Diluted earnings per

    share

    -0.0165 -0.0145 0.0009 0.0029

    VII. Other comprehensive income石家庄宝石电子玻璃股份有限公司2010 年第一季度季度报告全文

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    VIII. Total comprehensive income -6,488,368.32 -5,561,632.32 151,414.64 1,106,847.36

    Total comprehensive income

    attributable to the owner of the

    parent company

    -6,314,697.99 -5,561,632.32 330,462.73 1,106,847.36

    Total comprehensive income

    attributable minority shareholders

    -173,670.33 -179,048.09

    4.3 Cash Flow Statement

    Prepared by Shijiazhuang Baoshi Electronic Glass Co., Ltd. January –March 2010 Unit:RMB

    This period Same period of last year

    Items

    Consolidation Parent Company Consolidation Parent Company

    I. Cash flows arising form

    operating activities:

    Cash received from selling

    commodities and providing labor

    services

    4,695,104.04 4,695,104.04 4,466,965.96 4,466,965.96

    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 867.61 867.61

    Other cash received

    concerning operating activities

    1,718,268.52 1,508,224.81 360,939.36 145,138.56

    Subtotal of cash inflow 6,414,240.17 6,204,196.46 4,827,905.32 4,612,104.52

    Cash paid for purchasing

    commodities and receiving labor

    service

    3,431,713.90 3,431,713.90 10,366,138.54 10,366,138.54

    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石家庄宝石电子玻璃股份有限公司2010 年第一季度季度报告全文

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    commission

    Cash paid for bonus of

    guarantee slip

    Cash paid to/for staff and

    worker

    2,734,645.67 2,734,645.67 2,200,624.99 2,200,624.99

    Taxes paid 1,117,620.24 904,462.84 3,880,126.62 3,666,969.22

    Other cash paid concerning

    operating activities

    731,644.14 730,444.14 657,934.49 641,034.49

    Subtotal of cash outflow 8,015,623.95 7,801,266.55 17,104,824.64 16,874,767.24

    Net cash flows arising form

    operating activities

    -1,601,383.78 -1,597,070.09 -12,276,919.32 -12,262,662.72

    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

    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

    Net cash flows arising from

    investing activities

    -37,930.07 -37,930.07

    III. Cash flows arising from

    financing activities

    Cash received from absorbing

    investment

    including:Cash received from

    absorbing minority shareholders’

    investment by subsidiaries

    Cash received from loans

    Cash received from issuing

    bonds

    Other cash received

    concerning financing activities

    Subtotal of cash inflow

    Cash paid form settling debts

    Cash paid for dividend and

    profit distributing or interest石家庄宝石电子玻璃股份有限公司2010 年第一季度季度报告全文

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    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

    -1,601,383.78 -1,597,070.09 -12,314,849.39 -12,300,592.79

    Add:Balance of cash and cash

    equivalents at the period -begin

    4,886,779.89 4,720,498.87 17,507,703.02 17,328,431.91

    VI. balance of cash and cash

    equivalents at the period-end.

    3,285,396.11 3,123,428.78 5,192,853.63 5,027,839.12

    4.4 Auditor’ report

    Auditor’s opinions:Not audited