石家庄宝石电子玻璃股份有限公司2009 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 2009
§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, 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 Basic Information
2.1 Key accounting data and financial indicators
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 399,335,586.77 406,383,398.21 -1.73%
Owner’s equity attributable to the
parent company
249,693,457.94 249,362,995.21 0.13%
Stock capital 383,000,000.00 383,000,000.00 0.00%
Net assets per share attributable to the
parent company
0.6519 0.6511 0.12%
Amount of current period
Amount of the same period in
last year
Increase /decrease（％）
Total turnover 25,839,031.02 64,536,668.82 -59.96%
Net profit attributable to owners of
parent company
330,462.73 2,790,631.58 -88.16%
Net cash flow arising from operating
activities
-12,276,919.32 -12,299,366.07 -0.18%
Net cash flow per share arising from
operating activities
-0.0321 -0.0321 -0.18%
Basic earnings per share 0.0009 0.0073 -87.67%
Diluted earnings per share 0.0009 0.0073 -87.67%
Return on net assets 0.13% 1.13% Decrease by 1%
Return on net assets after deducting
non-recurring gains and losses
0.13% 1.13% Decrease by 1%
Items of non-current gains and losses
Year begin to end of report
period
Fine expenditure 100.00石家庄宝石电子玻璃股份有限公司2009 年第一季度季度报告全文
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Total 100.00
Explanation Items of non-current gains and losses：
Fine expenditure
2.2 Total number of shareholders in the end of the report period and shares held by the top ten
shareholders with unrestricted conditions
Unit：shares
Total number of shareholders in the end of the
report period
27,102(including 16,251 of A-share holders, and 10,851 of B-share holders
Share held by the top ten shareholders with unrestricted conditions
Name of shareholder Amount of unrestricted shares held Type of shares
Shijiazhuang Baoshi Electronic Group Co., Ltd. 5,690,000 RMB common share
China merchants securities(HK) Co., Ltd. 4,458,370 Domestically listed foreign share
Feng Jia 2,501,300 RMB common share
Zhang Wenying 2,195,386 RMB common share
Hu Xinping 1,898,851 RMB common share
Chen Lihong 1,763,484 Domestically listed foreign share
Zheng Shunzhen 1,438,620 Domestically listed foreign share
CITRINE CAPITAL LIMITED 1,332,319 Domestically listed foreign share
Hong Ying 1,309,700 Domestically listed foreign share
Weng Zhengwen 1,254,832 Domestically listed foreign share
§3 Significant events
3.1 Particulars about material changes in items of main accounting statement and financial index, and
explanations of reasons
√applicable □ not applicable
1. Monetary capital decreased due to decrease of operation collection under the influence of economic
situation;
2. Payment in advance decreased due to prepayment in previous period and arrival of goods in current
period;
3. Other receivables increased due to increase of accounts receivable from Group Company;
4. Bills payable increased due to delay of payment for goods;
5. Accounts payable decreased due to payment for materials;
6. Operating income and operating cost decreased because the operation capacity of the Component Branch
Factory of the
Company decreased year on year and the power business of Power Branch Factory was transferred to the Group
Company;
7. Selling expenses decreased due to the decrease of selling expenses of Component Branch Factory and Power
Branch Factory of
the Company;
8. Administrative expenses decreased due to deduction of salary payable to staff and workers after increase
of retired employees;
9. Operating profit decreased due to decrease of earning power of Component Branch Factory;
10. Cash received from sales of goods and rendering of services and cash paid for goods and services
decreased year on year due
to the transfer of power business to the Group Company;
11. The taxes and levies paid increased because there was much value added tax retained for setoff in the
same period of the
previous year.石家庄宝石电子玻璃股份有限公司2009 年第一季度季度报告全文
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3.2 Analysis and explanation of significant events and their influence and solutions
□ applicable √not applicable
3.3 Implementations of commitments by the Company, shareholders and 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 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
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.石家庄宝石电子玻璃股份有限公司2009 年第一季度季度报告全文
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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)
-448 317.39 Decrease 241.15
Basic earnings per
share(Yuan/share)
-0.0117 0.0083 Decrease 240.96
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. According to the preliminary calculation by the Finance Dept. of the Company, the
Company will suffer loss for the first half of 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
3.5.1 Securities investment
□ applicable √not applicable石家庄宝石电子玻璃股份有限公司2009 年第一季度季度报告全文
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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 .
3.5.3 Explanation of other significant events
□ applicable √not applicable
§4 Appendix
4.1 Balance sheet
Prepared by Shijiazhuang Baoshi Electronic Glass Co., Ltd. March 31,2009 Unit：RMB
Balance of period-end Balance of period-begin
Items
Consolidation Parent Company Consolidation Parent Company
Current assets：
Monetary funds 5,192,853.63 5,027,839.12 17,507,703.02 17,328,431.91
Settlement provisions
Capital lent
Transaction finance assets
Bill receivable 1,418,000.00 1,418,000.00 1,340,000.00 1,340,000.00
Accounts receivable 103,137,448.59 103,137,448.59 102,495,580.45 102,495,580.45
Accounts in advance 539,021.87 539,021.87 968,879.52 968,879.52
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Interest receivable
Dividend receivable
Other receivables 37,185,708.18 31,708,539.85 21,083,142.20 15,604,173.07
Purchase restituted finance
assets
Inventory 38,401,218.99 38,258,093.87 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 244,483,641.18 180,698,333.22 247,662,909.66 183,861,544.30
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 122,497,987.24 92,179,660.94 126,284,555.73 95,373,209.08
Construction in progress
Engineering material石家庄宝石电子玻璃股份有限公司2009 年第一季度季度报告全文
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Disposal of fixed assets
Consumable biological assets
Oil and gas assets
Intangible assets 12,398,143.69 12,398,143.69 12,479,947.12 12,479,947.12
Expense on research and
development
Goodwill
Long-term expenses to be
apportioned
7,611,862.05 7,611,862.05 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 154,851,945.59 185,702,926.25 158,720,488.55 188,978,448.86
Total assets 399,335,586.77 366,401,259.47 406,383,398.21 372,839,993.16
Current liabilities：
Short-term loans
Loan form central bank
Absorbing deposit and interbank
deposit
Capital borrowed
Transaction financial liabilities
Bill payable 2,318,326.90 2,278,327.00 1,082,099.08 1,082,099.08
Accounts payable 12,068,168.43 9,636,214.92 21,823,254.90 19,351,301.49
Accounts received in advance 1,249,608.85 1,249,608.85 1,294,842.85 1,294,842.85
Selling financial assets of
repurchase
Commission charge and
commission payable
Wage payable 5,820,059.86 5,780,630.80 6,180,547..46 6,141,118.40
Taxes payable -418,245.74 1,149,279.78 -579,123.63 941,476.86
Interest payable 13,670,361.29 13,491,081.29
Dividend payable
Other accounts payable 25,598,355.19 102,451,185.67 24,213,158.91 101,279,989.39
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 128,652,634.78 122,545,247.02 135,851,860.86 130,090,828.07
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石家庄宝石电子玻璃股份有限公司2009 年第一季度季度报告全
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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 134,151,129.09 122,710,247.02 141,350,355.17 130,255,828.07
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 385,190,502.99 355,857,851.87 385,190,502.99 355,857,851.87
Less：Inventory shares
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 -545,951,833.10 -527,370,990.02 -546,282,295.83 -528,477,837.38
Balance difference of foreign
currency translation
Total owner’s equity attributable
to parent company
249,693,457.94 243,691,012.45 249,362,995.21 242,584,165.09
Minority interests 15,490,999.74 15,670,047.83
Total owner’s equity 265,184,457.68 243,691,012.45 265,033,043.04 242,584,165.09
Total liabilities and owner’s
equity
399,335,586.77 366,401,259.47 406,383,398.21 372,839,993.16
4.2 Profit statement
Prepared by Shijiazhuang Baoshi Electronic Glass Co., Ltd. January –March 2009 Unit：RMB
This period Same period of last year
Items
Consolidation Parent Company Consolidation Parent Company
I. Total operating income 25,839,031.02 25,839,031.02 64,536,668.82 64,536,668.82
Including：Operating income 25,839,031.02 25,839,031.02 64,536,668.82 64,536,668.82
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 25,687,516.38 24,732,083.66 61,921,646.27 60,982,964.12
including：operating cost 21,257,464.27 21,257,464.27 55,904,134.23 55,904,134.23
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 322,253.56 322,253.56 325,028.66 325,028.66
Sales expenses 374,616.25 374,616.25 548,547.19 548,547.19
Administration expenses 3,517,210.76 2,741,458.04 5,058,847.36 4,299,594.64
Financial expenses 215,971.54 36,291.54 268,017.15 88,587.72
Losses of devaluation of assets -182,928.32 -182,928.32
Add：changing income of fair石家庄宝石电子玻璃股份有限公司2009 年第一季度季度报告全文
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value
Investment income
Including：Investment income on
affiliated company and joint
venture
Exchange income
III.Operating profit 151,514.64 1,106,947.36 2,615,022.55 3,553,704.70
Add：non-operating income
less：non-operating expense 100.00 100.00 300.00 300.00
Including：disposal loss of
non-current assets
IV. Total profit 151,414.64 1,106,847.36 2,614,722.55 3,553,404.70
Less：expense of income tax
V. Net profit 151,414.64 1,106,847.36 2,614,722.55 3,553,404.70
Net profit attributable to
owner’s equity of parent company
330,462.73 2,790,631.58
Minority shareholders’ gains
and losses
-179,048.09 -175,909.03
VI. Earnings per share
（i）basic earnings per share 0.0009 0.0029 0.0073 0.0093
（ii）Diluted earnings per share 0.0009 0.0029 0.0073 0.0093
4.3 Cash Flow Statement
Prepared by Shijiazhuang Baoshi Electronic Glass Co., Ltd. January –March 2009 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
4,466,965.96 4,466,965.96 19,661,918.94 19,661,918.94
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石家庄宝石电子玻璃股份有限公司2009 年第一季度季度报告全文
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Net increase of returned business
capital
Write-back of tax received
Other cash received
concerning operating activities
360,939.36 145,138.56 686,555.30 346,302.33
Subtotal of cash inflow 4,827,905.32 4,612,104.52 20,348,474.24 20,008,221.27
Cash paid for purchasing
commodities and receiving labor
service
10,366,138.54 10,366,138.54 27,764,748.56 27,764,748.56
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 2,200,624.99 2,200,624.99 3,064,242.32 3,064,242.32
Taxes paid 3,880,126.62 3,666,969.22 1,029,666.19 675,646.87
Other cash paid concerning
operating activities
657,934.49 641,034.49 789,183.24 698,780.84
Subtotal of cash outflow 17,104,824.64 16,874,767.24 32,647,840.31 32,203,418.59
Net cash flows arising form
operating activities
-12,276,919.32 -12,262,662.72 -12,299,366.07 -12,195,197.32
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 37,930.07 332,159.00 332,159.00
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 37,930.07 332,159.00 332,159.00
Net cash flows arising from
investing activities
-37,930.07 -37,930.07 -332,159.00 -332,159.00
III. Cash flows arising from石家庄宝石电子玻璃股份有限公司2009 年第一季度季度报告全文
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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
-12,314,849.39 -12,300,592.79 -12,631,525.07 -12,527,356.32
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.
5,192,853.63 5,027,839.12 2,073,747.01 1,857,913.36
4.4 Auditor’ report
Auditor’s opinions： Unaudited
