石家庄宝石电子玻璃股份有限公司2010 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 2010 (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. Wang Lipeng, 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 Basic Information
2.1 Key accounting data and financial indicators
Unit:RMB
2010.9.30 2009.12.31 Increase /decrease（％）
Total assets（RMB） 349,764,818.75 364,159,627.51 -3.95%
Owner’s equity attributable to
shareholders of the listed company
（RMB）
202,436,050.38 216,919,431.39 -6.68%
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）
0.53 0.566 -6.36%
July-September
2010
Increase/decrease
in the report
period compared
with the same
period of the last
year(%)
January-Septembe
r
2010
Increase/decrease
in the report
period compared
with the same
period of the last
year(%)
Total turnover(RMB) 24,677,545.13 49.19% 53,962,407.66 6.55%
Net profit attributable to
shareholders of the listed company
（RMB）
-2,980,368.10 56.83% -14,483,381.01 -17.48%
Net cash flow arising from operating
activities（RMB） - - 4,840,599.46 139.25%
Net cash flow per share arising from
operating activities（yuan/shares）
- - 0.01 131.06%
Basic earnings per share -0.0078 56.67% -0.0378 -17.39%石家庄宝石电子玻璃股份有限公司2010 年第三季度季度报告全文
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（yuan/shares）
Diluted earnings per share
（yuan/shares）
-0.0078 56.67% -0.0378 -17.39%
Weighted average return on equity
（%）
-1.37% 1.54% -6.59% -1.39%
Weighted average Return on net
assets after deducting non-recurring
gains and losses（%）
-1.36% 1.55% -6.59% -1.39%
Items of non-current gains and losses Year begin to end of report
period Notes
Other non-business income and expenses besides the above
items 20,691.09
Total 20,691.09 -
2.2 Top 10 shareholders and top 10 holders of unconditional shares
Unit：Shares
Total number of shareholders at the end of
report period
The Company had 21037 registered shareholders in total, including 11930
shareholders holding A shares and 9107 shareholders holding B shares
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. 149,085,500 RMB Common shares
China Great Wall Asset Management
Corporation 17,614,880 RMB Common shares
China East Asset Management
Corporation 10,010,941 RMB Common shares
Agricultural Bank of China－Xinhua
Selected increase stock type Securities
Investment fund
8,141,002 RMB Common shares
China Minsheng Banking Co., Ltd.－
Huashang
Leader Enterprise Mixed Securities
investment fund
5,726,338 RMB Common shares
LI LEON ZHAN WEI 2,950,300 Foreign shares placed in domestic
exchange
Construction Bank of China－Xinhua
diamond quality enterprise stock type
Securities Investment fund
2,739,200 RMB Common shares
Chen Qianfen 2,533,300 Foreign shares placed in domestic
exchange
China Huarong Asset Management
Corporation 2,374,179 RMB Common shares
UBS AG LONDON BRANCH 2,187,400 Foreign shares placed in domestic
exchange石家庄宝石电子玻璃股份有限公司2010 年第三季度季度报告全文
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§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 greatly year on year due to establishment of a wholly-owned subsidiary with cash
investment.
2. Bills receivable decreased greatly year on year due to decrease of cash and increase in use of bills.
3. Accounts receivable decreased greatly year on year due to decrease of debts after Electrovacuum Company paid
debts with assets.
4. Other receivables decreased greatly year on year due to decrease of transactions between the Company and
Baoshi Group Company and its branch factories.
5. Inventories increased greatly year on year due to increase of materials in stock after Electrovacuum Company
paid debts with assets.
6. Long-term equity investment increased greatly year on year due to establishment of a wholly-owned subsidiary.
7. Advance receipt increased greatly year on year due to somewhat increase of demand of partial products.
8. Taxes and levies payable decreased greatly year on year due to existence of value added tax at beginning of year
retained in the previous year for offsetting.
9. Operating income, business tax and surtax, operating profit and total profit increased greatly year on year due to
increase of sales in the period from July to September.
10. Non-operating income increased greatly year on year due to disposal of unused fixed assets in current period.
11. Non-operating expenses increased greatly year on year due to incurring of fine for delayed payment by delay of
tax payment.
12. Income tax decreased greatly year on year due to great year-on-year decrease of profit.
13. Cash received from sales of goods and rendering of services increased greatly year on year due to increase of
sales and payment recovery.
14. Refund of taxes and levies increased greatly year on year due to increase of export volume of products.
15. Cash paid for goods and services increased greatly year on year due to increase of expenditures as a result of
increase of production.
16. Cash paid to and for staff and workers increased greatly year on year due to increase of income of staff and
workers.
17. Taxes and levies paid decreased greatly year on year due to existence of value added tax at beginning of year
retained in the previous year for offsetting.
18. Net amount of cash received from disposal of fixed assets, intangible assets and other long-term assets increased
greatly year on year due to disposal of unused fixed assets.
19. Cash paid for investment increased greatly year on year due to establishment of a wholly-owned subsidiary.
3.2 The progress of significant events and influence, as well as the analysis and explanation on resolving proposal.
□applicable √ not applicable
3.2.1 Non-standard Opinion
□applicable √ not applicable
3.2.2 The Company provided funds to its controlling shareholder or related parties and provided guarantees in
violation of established procedures.
□applicable √ not applicable石家庄宝石电子玻璃股份有限公司2010 年第三季度季度报告全文
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3.2.3 Signing and performance of significant contracts for daily operation
□applicable √ not applicable
3.2.4 Other
□applicable √ not applicable
3.3 The fulfillment of the commitment made by the Company , shareholders and the actual controller
√ applicable □ not applicable
Items of commitments Promisee Content of commitments Implementation
Promise in share holding structure
reform N/A N/A N/A
Commitments made in Acquisition
Report or Reports on Change in
interests
N/A N/A N/A
Commitments made in Material
assets Reorganization N/A N/A N/A
Commitments made in issuing N/A N/A N/A
Other commitments（Including:
supplementary commitments）
Shijiazhuang
Baoshi
Electronic
Group Co.,
Ltd.
If 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
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
3.5 Other significant events need to be explained
In the report period, Faced with severe business environment, the Board of Directors and the management of
company strengthen market development，In order to improve the profitability of our company, we will use our
exist equipments and human resources to process the important part of the production line of the LCD glass.
3.5.1 Stock investment
□applicable √ not applicable石家庄宝石电子玻璃股份有限公司2010 年第三季度季度报告全文
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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.
3.6 Particulars about derivatives investment
□applicable √ not applicable
3.6.1 Particulars about the positions of derivatives investment at the end of report period.
□applicable √ not applicable
§4 Appendix
4.1 Balance sheet
Prepared by Shijiazhuang Baoshi Electronic Glass Co., Ltd. September 30,2010 Unit：RMB
Items
Balance of period-end Balance of period-begin
Consolidation Parent Company Consolidation Parent Company
Current assets：
Monetary funds 1,719,870.05 1,560,096.59 4,886,779.89 4,720,498.87
Settlement provisions
Capital lent
Transaction finance assets
Bill receivable 807,920.00 807,920.00
Accounts receivable 23,980,796.71 23,980,796.71 67,309,920.21 67,309,920.21
Accounts in advance 793,109.08 793,109.08 778,709.08 778,709.08
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Interest receivable
Dividend receivable
Other receivables 16,301,802.56 8,185,470.23 20,249,574.19 13,374,818.39
Purchase restituted finance
assets
Inventory 108,528,273.45 108,385,148.33 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 209,768,184.50 143,348,953.59 221,097,279.63 155,913,117.69
Non-current assets
Granted loans and advances
Finance assets available sales
Held-to maturity securities
Long-term account receivable
Long-term equity investment 8,150,000.00 69,319,306.96 150,000.00 61,319,306.96
Investment property
Fixed assets 100,309,651.60 73,322,601.15 111,131,653.18 82,574,884.25石家庄宝石电子玻璃股份有限公司2010 年第三季度季度报告全文
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Construction in progress
Engineering material
Disposal of fixed assets
Consumable biological assets
Oil and gas assets
Intangible assets 11,907,323.11 11,907,323.11 12,152,733.40 12,152,733.40
Expense on research and
development
Goodwill
Long-term expenses to be
apportioned 7,664,359.26 7,664,359.26 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 139,996,634.25 174,178,890.76 143,062,347.88 175,674,885.91
Total assets 349,764,818.75 317,527,844.35 364,159,627.51 331,588,003.60
Current liabilities：
Short-term loans
Loan form central bank
Absorbing deposit and interbank
deposit
Capital borrowed
Transaction financial liabilities
Bill payable
Accounts payable 12,875,954.25 10,404,000.84 13,045,735.64 11,012,726.76
Accounts received in advance 2,800,675.69 2,800,675.69 1,372,029.87 1,372,029.87
Selling financial assets of
repurchase
Commission charge and
commission payable
Wage payable 5,815,873.96 5,776,444.90 5,189,687.62 5,150,258.56
Taxes payable -1,478,157.14 89,368.38 -1,503,218.37 17,382.12
Interest payable 14,686,001.66 14,173,892.93
Dividend payable
Other accounts payable 23,866,413.44 99,757,243.92 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 126,848,761.86 118,827,733.73 126,431,344.26 119,830,444.36
Non-current liabilities：
Long-term loans
Bonds payable
Long-term accounts payable
Special accounts payable
Projected liabilities石家庄宝石电子玻璃股份有限公司2010 年第三季度季度报告全文
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Deferred income tax liabilities
Other non-current liabilities 5,478,494.31 145,000.00 5,478,494.31 145,000.00
Total non-current liabilities 5,478,494.31 145,000.00 5,478,494.31 145,000.00
Total liabilities 132,327,256.17 118,972,733.73 131,909,838.57 119,975,444.36
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 reserves 27,454,788.05 32,204,150.60 27,454,788.05 32,204,150.60
Common risk provision
Undistributed profit -593,209,240.66 -572,506,891.85 -578,725,859.65 -559,449,443.23
Different of foreign currency
translation
Total of owner’s equity belong to
the parent company 202,436,050.38 198,555,110.62 216,919,431.39 211,612,559.24
Minor shareholders’ equity 15,001,512.20 15,330,357.55
Total of owners’ equity 217,437,562.58 198,555,110.62 232,249,788.94 211,612,559.24
Total of liabilities and owners’
equity 349,764,818.75 317,527,844.35 364,159,627.51 331,588,003.60
4.2 Profit statement of the report period
Prepared by Shijiazhuang Baoshi Electronic Glass Co., Ltd. July-September 2010 Unit：RMB
Items
This period Same period of last year
Consolidation Parent Company Consolidation Parent Company
I. Total operating income 24,677,545.13 23,874,913.13 16,541,178.92 15,738,546.92
Including：Operating income 24,677,545.13 23,874,913.13 16,541,178.92 15,738,546.92
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 27,644,431.29 26,773,059.64 23,498,624.71 22,406,154.04
Including：operating cost 21,853,521.67 21,712,258.44 18,258,882.67 18,118,020.75
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 224,414.52 224,414.52 92,996.01 92,996.01
Sales expenses 540,020.69 540,020.69 464,764.05 464,764.05
Administration expenses 4,795,099.69 4,235,777.70 4,513,365.23 3,732,746.18石家庄宝石电子玻璃股份有限公司2010 年第三季度季度报告全文
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Financial expenses 231,374.72 60,588.29 168,616.75 -2,372.95
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 -2,966,886.16 -2,898,146.51 -6,957,445.79 -6,667,607.12
Add：non-operating income
less：non-operating expense 7,151.91 7,151.91 441.24 441.24
Including：disposal loss of
non-current assets
IV. Total profit -2,974,038.07 -2,905,298.42 -6,957,887.03 -6,668,048.36
Less：expense of income tax 19,211.84 19,211.84
V. Net profit -2,993,249.91 -2,924,510.26 -6,957,887.03 -6,668,048.36
Net profit attributable to
owner’s equity of parent company -2,980,368.10 -2,924,510.26 -6,903,571.26 -6,668,048.36
Minority shareholders’ gains
and losses -12,881.81 -54,315.77
VI. Earnings per share
（i）basic earnings per share -0.0078 -0.00764 -0.018 -0.0174
（ii）Diluted earnings per share -0.0078 -0.00764 -0.018 -0.0174
VII. Other composite income
VIII. Total composite income -2,993,249.91 -2,924,510.26 -6,957,887.03 -6,668,048.36
Total comprehensive income
attributable to owners of parent
Company
-2,980,368.10 -2,924,510.26 -6,903,571.26 -6,668,048.36
Total comprehensive income
attributable to minority
shareholders
-12,881.81 -54,315.77
4.3 Profit statement from Year-begin to period-end
Prepared by Shijiazhuang Baoshi Electronic Glass Co., Ltd. January-September 2010 Unit：RMB
Items
Report period Same period of the previous year
Consolidated Parent company Consolidated Parent company
I. Total operating income 53,962,407.66 53,159,775.66 50,647,456.02 49,042,192.02
Including：Operating income 53,962,407.66 53,159,775.66 50,647,456.02 49,042,192.02
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 68,776,113.27 66,218,703.53 62,841,853.83 59,891,310.74
including：operating cost 55,096,638.50 54,955,375.27 47,590,947.75 47,309,223.91
Interest expense
Commission charge and
commission expense石家庄宝石电子玻璃股份有限公司2010 年第三季度季度报告全文
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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 300,919.47 300,919.47 472,760.16 472,760.16
Sales expenses 1,289,286.63 1,289,286.63 1,156,248.14 1,156,248.14
Administration expenses 11,464,658.31 9,561,415.09 13,045,505.31 10,889,340.03
Financial expenses 624,610.36 111,707.07 576,392.47 63,738.50
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 -14,813,705.61 -13,058,927.87 -12,194,397.81 -10,849,118.72
Add：non-operating income 27,888.90 27,888.90
less：non-operating expense 7,197.81 7,197.81 541.24 541.24
Including：disposal loss of
non-current assets
IV. Total profit -14,793,014.52 -13,038,236.78 -12,194,939.05 -10,849,659.96
Less：expense of income tax 19,211.84 19,211.84 385,864.09 385,864.09
V. Net profit -14,812,226.36 -13,057,448.62 -12,580,803.14 -11,235,524.05
Net profit attributable to
owner’s equity of parent company -14,483,381.01 -13,057,448.62 -12,328,697.84 -11,235,524.05
Minority shareholders’ gains
and losses -328,845.35 -252,105.30
VI. Earnings per share
（i）basic earnings per share -0.0378 -0.03409 -0.0322 -0.02934
（ii）Diluted earnings per share -0.0378 -0.03409 -0.0322 -0.02934
VII. Other composite income
VIII. Total composite income -14,812,226.36 -13,057,448.62 -12,580,803.14 -11,235,524.05
Total comprehensive income
attributable to owners of parent
Company
-14,483,381.01 -13,057,448.62 -12,328,697.84 -11,235,524.05
Total comprehensive income
attributable to minority
shareholders
-328,845.35 -252,105.30
4.4 Cash Flow Statement
Prepared by Shijiazhuang Baoshi Electronic Glass Co., Ltd. January –September 2010 Unit RMB
Items
Report period Same period of the previous year
Consolidated Parent company Consolidated Parent company
I. Cash flows arising form石家庄宝石电子玻璃股份有限公司2010 年第三季度季度报告全文
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operating activities:
Cash received from selling
commodities and providing labor
services
70,232,539.79 70,232,539.79 22,923,760.77 22,923,760.77
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 7,947.48 7,947.48 985.79 985.79
Other cash received
concerning operating activities 4,250,940.72 3,734,805.28 4,040,589.11 3,498,973.80
Subtotal of cash inflow 74,491,427.99 73,975,292.55 26,965,335.67 26,423,720.36
Cash paid for purchasing
commodities and receiving labor
service
51,125,969.66 51,125,969.66 22,973,401.97 22,973,401.97
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 9,239,780.19 9,239,780.19 5,813,477.89 5,813,477.89
Taxes paid 5,302,234.88 4,781,581.88 6,931,564.02 6,411,312.33
Other cash paid concerning
operating activities 3,982,843.80 3,980,853.80 3,578,133.22 3,545,006.22
Subtotal of cash outflow 69,650,828.53 69,128,185.53 39,296,577.10 38,743,198.41
Net cash flows arising form
operating activities 4,840,599.46 4,847,107.02 -12,331,241.43 -12,319,478.05
II. Cash flows arising form
investing activities
Cash received form
recovering investment石家庄宝石电子玻璃股份有限公司2010 年第三季度季度报告全文
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Cash received form investment
income
Net cash received form disposal
of fixed , intangible and other
long-term assets
30,294.12 30,294.12
Net cash received from disposal
of subsidiaries and other units
Other cash received
concerning investing activities
Subtotal of sash inflow 30,294.12 30,294.12
Cash paid for purchasing fixed,
intangible and other long-term
assets
37,803.42 37,803.42 37,930.07 37,930.07
Cash paid for investment 8,000,000.00 8,000,000.00
Net increase of mortgaged loans
Net cash received from
subsidiaries and other units
Other cash paid concerning
investing activities
Subtotal of cash outflow 8,037,803.42 8,037,803.42 37,930.07 37,930.07
Net cash flows arising from
investing activities -8,007,509.30 -8,007,509.30 -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 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 -3,166,909.84 -3,160,402.28 -12,369,171.50 -12,357,408.12
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. 1,719,870.05 1,560,096.59 5,138,531.52 4,971,023.79石家庄宝石电子玻璃股份有限公司2010 年第三季度季度报告全文
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4.5 Auditor’ report
Auditor’s opinions：Not audited
