Hefei Meiling Co., Ltd. The First Quarterly Report of 2014(Full Text)
Hefei Meiling Co., Ltd.
The First Quarterly Report of 2014
April 2014
1
Hefei Meiling Co., Ltd. The First Quarterly Report of 2014(Full Text)
Section I. Important Notes
Board of Directors and the Supervisory Committee of Hefei Meiling Co., Ltd. (hereinafter
referred to as the Company) and its directors, supervisors and senior executives should guarantee
the reality, accuracy and completion of the quarterly report, there are no any fictitious statements,
misleading statements or important omissions carried in this report, and shall take legal
responsibilities, individual and/or joint.
Mr. Liu Tibin, person in charge of the Company, President Mr. Li Wei, Mr. Zhang Xiaolong,
person in charger of accounting works and Mr. Tang Bin, person in charger of accounting organ
(accounting officer) hereby confirm that the Financial Report of this Quarterly Report is authentic,
accurate and complete.
The First Quarterly Report of 2014 has not been audited.
All Directors are attended the Board Meeting for Quarterly Report deliberation.
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Hefei Meiling Co., Ltd. The First Quarterly Report of 2014(Full Text)
Section II. Main financial data and changes of shareholders
I. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed
and accounting error correction or not
□Yes √ No
Changes of this period over
This Period Same period of last year
same period of last year (%)
Operating income (RMB) 2,613,087,698.42 2,385,518,958.63 9.54%
Net profit attributable to shareholders of
49,511,487.82 40,877,845.25 21.12%
the listed company(RMB)
Net profit attributable to shareholders of
the listed company after deducting 44,259,236.75 38,141,375.39 16.04%
non-recurring gains and losses(RMB)
Net cash flow arising from operating
-308,282,102.97 -89,944,369.56 -242.75%
activities(RMB)
Basic earnings per share (RMB/Share) 0.0648 0.0535 21.12%
Diluted earnings per share (RMB/Share) 0.0648 0.0535 21.12%
Weighted average ROE (%) 1.54% 1.37% 0.17%
Changes of this period-end
End of this period End of last period over same period-end of last
year (%)
Total assets (RMB) 9,366,978,349.59 8,522,171,841.34 9.91%
Net assets attributable to shareholder of
3,237,442,381.26 3,187,330,516.90 1.57%
listed company (RMB)
Total share capital of the Company up to a trading day before disclosure:
Total share capital of the Company up to a trading day before
763,739,205
disclosure (Share)
Whether shares capital changes and owners equity been affected due to new shares issued, additional offering,
allotment of shares, equity incentive exercise and buy-back from this period-end to date of quarterly report
disclosed or not
□Yes √ No
Items of non-recurring gains and losses
√ Applicable □ Not applicable
Amount from year-begin to
Item Note
period-end
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Hefei Meiling Co., Ltd. The First Quarterly Report of 2014(Full Text)
Gains/losses from the disposal of non-current asset (including the
1,279,159.77 -
write-off that accrued for impairment of assets)
Governmental subsidy reckoned into current gains/losses (not
including the subsidy enjoyed in quota or ration according to
4,293,601.52 -
national standards, which are closely relevant to enterprise’s
business)
Other non-operating income and expenditure except for the
592,320.84 -
aforementioned items
Less : impact on income tax 882,513.98 -
Impact on minority shareholders’ equity (post-tax) 30,317.08 -
Total 5,252,251.07 --
Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure
for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as
recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on
Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss,
explain reasons
□ Applicable √ Not applicable
II. Total number of shareholders at the end of this report period and top ten shareholders
In shares
Total number of shareholders at the end of report period 60,586
Top ten shareholders
Number of share
Amount of
Proportion Amount of pledged/frozen
Shareholder’s name Nature of shareholder of shares restricted
held (%) shares held State of Amoun
shares held
share t
State-owned legal
Sichuan Changhong electric Co., LTD 21.58% 164,828,330 56,031,120 - -
person
Domestic
GuoYuan Securities Co., Ltd.- Specified
non-state-owned legal 4.95% 37,800,000 - - -
account agreed to buy-back
person
Domestic
Zhengde life insurance Co., LTD-universal
non-state-owned legal 3.51% 26,828,688 - - -
insurance products
person
Changhong Electric (Hong Kong) Trading
Foreign legal person 3.30% 25,165,823 - - -
Co., Ltd.
GUOTAI JUNAN
Foreign legal person 1.99% 15,207,010 - - -
SECURITIES(HONGKONG) LIMITED
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Hefei Meiling Co., Ltd. The First Quarterly Report of 2014(Full Text)
CAO SHENGCHUN Foreign natural person 1.71% 13,063,112 - - -
Domestic
CCB—Bocom Schroeder Blue-chip
non-state-owned legal 1.61% 12,329,011 - -
Securities Investment Fund
person
Domestic
ABC-- Bocom Schroeder Selected
non-state-owned legal 1.42% 10,837,165 - - -
Securities Investment Fund
person
State-owned legal
Hefei Xingtai Holding Group Co., Ltd. 1.312% 10,023,401 - - -
person
Domestic
ABC-- Bocom Schroeder Growth Securities
non-state-owned legal 1.309% 9,999,908 - - -
Investment Fund
person
Top ten shareholders with unrestricted shares held
Amount of unrestricted Type of shares
Shareholder’s name
shares held Type Amount
Sichuan Changhong electric Co., LTD 108,797,210 RMB ordinary shares 108,797,210
GuoYuan Securities Co., Ltd.- Specified account agreed to
37,800,000 RMB ordinary shares 37,800,000
buy-back
Zhengde life insurance Co., LTD-universal insurance
26,828,688 RMB ordinary shares 26,828,688
products
Domestically listed
Changhong Electric (Hong Kong) Trading Co., Ltd. 25,165,823 25,165,823
foreign shares
Domestically listed
GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED 15,207,010 15,207,010
foreign shares
Domestically listed
CAO SHENGCHUN 13,063,112 13,063,112
foreign shares
CCB—Bocom Schroeder Blue-chip Securities Investment
12,329,011 RMB ordinary shares 12,329,011
Fund
ABC-- Bocom Schroeder Selected Securities Investment
10,837,165 RMB ordinary shares 10,837,165
Fund
Hefei Xingtai Holding Group Co., Ltd. 10,023,401 RMB ordinary shares 10,023,401
ABC-- Bocom Schroeder Growth Securities Investment Fund 9,999,908 RMB ordinary shares 9,999,908
Among the above shareholders, Changhong (Hong Kong) Trade Co.,
Ltd. is the wholly-owned subsidiary of Sichuan Changhong
Electronic Co., Ltd.; there existed no associated relationship or
Note of related relationship among the above shareholders
belong to the concerted actors as specified in the Measures for the
and concerted actors
Administration of Information Disclosure of Shareholder Equity
Changes of Listed Companies among Sichuan Changhong
Electronic Co., Ltd., Changhong (Hong Kong) and other top 8
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Hefei Meiling Co., Ltd. The First Quarterly Report of 2014(Full Text)
shareholders; and the Company has not known whether there exists
any related relationship among other shareholders or belong to the
concerted actors as specified in the Measures for the Administration
of Information Disclosure of Shareholder Equity Changes of Listed
Companies either.
Explanation on top ten shareholders involving margin
—
business (if applicable)
Agree to buy-back dealings occurred in Period by shareholders
√Yes □No
In September 2013, shareholders of the Company Xingtai Holding Group Co., Ltd. (hereinafter referred to as
the “Xingtai Holding”) exercise agree to buy-back dealing as:
On 13 September 2013, Xingtai Holding exercise agree to buy-back security transaction with Guoyuan
Securities Co., Ltd. (“Guoyuan Securities”) with the unrestricted circulated A-share of the Company for one year
term of repurchased, that is 37,800,000 shares (accounts for 4.95 percent of total share capital of the Company).
Ownership transfer has completed on 16 September 2013 by Xingtai Holding and Guoyuan Securities. Before the
transaction, 47,823,401 shares of A-share of the Company was held by Xingtai Holding, representing 1.31 percent
of total share capital of the Company; after transaction 10,023,401 shares of A-share was held, accounts for 1.31
percent of total share capital of the Company. There is no buy-back dealings occurred in the Period. More details
of the transaction please found in Notice No.: 2013-043 released on appointed medial dated 17 September 2013.
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Hefei Meiling Co., Ltd. The First Quarterly Report of 2014(Full Text)
Section III. Significant Events
I. Particulars about material changes in items of main accounting statement and financial
index and explanations of reasons
1. Changes and reasons of items in balance sheet
In RMB
Balance at Balance at Changes
Item Reasons of changes
period-end year-begin ratio
Account Products of AC are in a selling season in the
1,144,807,173.21 855,264,087.13 33.85%
receivable Period, than the sales growth
Other account
35,729,912.09 20,115,619.72 77.62% Receivable export rebates increased in the Period
receivable
Development
15,573,218.63 9,516,070.34 63.65% More investment for research in the Period
expenditure
Short-term Short-term loans from parent company increased
733,729,091.83 66,433,079.86 1004.46%
loans in the Period
The annual bonus accrual in December 2013 was
Payable salary 116,651,139.51 168,217,307.27 -30.65%
paid in the Period
Payable taxes 44,316,455.14 -4,920,046.33 - Sales in the Period increased
Non-current
Long-term loans due within one year was paid
liabilities due 79,256,114.30 119,256,114.30 -33.54%
back from parent company in the Period
within one year
Translation Foreign currency exchange rate changes from
-1,339,021.02 -1,939,397.56 30.96%
reserve foreign subsidiary in the Period
2 Changes and reasons of items in profit statement
In RMB
Amount at same
Amount at this Changes
Item period of last Reasons of changes
period ratio
year
Business tax and
14,403,856.24 22,247,024.16 -35.25% More VAT retained at beginning of the Period
surcharge
Assets impairment With the increase of inventory turnover, inventory
7,614,399.00 12,910,074.17 -41.02%
losses with the long age stock decreased in the Period
Investment
Loss amount from associated enterprise increased
income(loss is listed -103,003.19 -34,904.04 -195.10%
year-on-year
with “-“)
Including: Income
from investment for
-103,003.19 -34,904.04 -195.10% Same as “Investment income”
associated enterprise
and joint venture
Government subsidy increased year-on-year in the
Add: non-operation 6,353,872.55 3,346,446.60 89.87%
Period
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Hefei Meiling Co., Ltd. The First Quarterly Report of 2014(Full Text)
income
Less: non-operation Disposal of non-current assets decreased
188,790.42 283,883.95 -33.50%
expenditure year-on-year
Including: loss from
disposal of 174,619.08 296,720.17 -41.15% Same as “non-operation expenditure”
non-current assets
Less: income tax Subsidiary make up the annual losses of previous
5,988,153.23 14,782,488.53 -59.49%
expenses years in the Period
Earnings from marketing subsidiaries growth
Minority interest 1,636,267.61 -7,303,190.80 -
year-on-year
3 Changes and reasons of items in cash flow statement
In RMB
Amount at this Amount at same Changes
Item Reasons of changes
period period of last year ratio
Export rebates received in the Period growth
Tax refunds received 38,022,269.44 11,153,348.60 240.90%
year-on-year
Sichuan Air-conditioner, subsidiary of the
Taxes paid 75,731,980.76 119,955,382.18 -36.87% Company, paid the deferred taxes for year of
2012 at same period of last year
Cash paid related with
Energy-saving and benefit the citizen subsidy
other operation 193,762,600.45 134,651,012.28 43.90%
paid increased year-on-year
activities
Bonus from part of the affiliated enterprise
Cash received from
- 516,596.00 -100.00% received at same period of last year, and no such
investment earns
bonus occurred in the Period
Net cash received
Compensation amount received by subsidiary
from disposal of fixed
Mianyang Meiling Refrigeration Co., Ltd. from
assets, intangible 40,729,958.40 204,926.00 19775.45%
Sichuan Changhong Minsheng Logistic Co.,
assets and other
Ltd. in the Period
long-term assets
Cash received related
Bank savings interest increased year-on-year in
with other investment 12,044,788.48 5,208,004.79 131.27%
the Period
activities
Cash paid for Minority shares of part of the subsidiaries are
1,097,787.00 - -
investment purchased in the Period
Cash from loans Short-term loans of parent company increased
716,333,000.05 52,308,945.90 1269.43%
received in the Period
Cash paid for debt Long-term loans of parent company was paid
95,834,477.54 61,038,234.85 57.01%
settlement back in the Period
Cash paid for
Borrowing interest paid from Zhongshan
dividend/profit
1,963,928.25 1,461,101.85 34.41% Changhong in the Period, subsidiary of the
distribution or interest
Company, increased y-o-y
expenses
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Hefei Meiling Co., Ltd. The First Quarterly Report of 2014(Full Text)
Cash paid related with
Minority shareholder from part of the
other financing 2,973,468.35 - -
subsidiaries decreased in the Period
activities
Impact on cash and
cash equivalent from Exchange rate of foreign currency changed in
1,286,792.08 2,065,932.92 -37.71%
exchange rate the Period
movement
II. Analysis and explanation of significant events and their influence and solutions
(I) Particular about process of the fund raised and investment of fund raised in the report period
Privately A-stock offering of the Company was implemented in 2010, raised capital totally amounting to
RMB 1,199,999,820, net raised capital of RMB 1,177,954,320 after deducted RMB 22,045,500 issuing expense
(including RMB 20,500,000 underwriting fee and sponsor charge).
In 2013, three construction projects of funds raised “Athena Luxury refrigerator production base”, “Freezer
expansion project” and “Expansion project of environmental and energy-saving refrigerators” are completed and
put into production, meanwhile, “current capital implementation projects” has completed, and there are no other
projects that qualify for the fund raised at present. In line with the operation needs of the Company, improve assets
operation efficiency in order to reduce the idle fund raised, satisfy business requirement and protect shareholders’
interest, being deliberated and approved by 30th meeting of 7th sessio0n of the Board, 17th meeting of 7th session of
supervisory committee and 3rd extraordinary general meeting of 2013 held on 17 October 2013 and 7 November
2013, and be recognized by independent director of the Company and sponsor institution, on the premise of
implementation of fund raised projects remained unaffected, the savings of fund raised RMB 284,440,959
(including interest RMB 34,832,977) up to 30 September 2013, and interest settle later use to supplement current
capital of the Company permanently.
Fund raised usage amount of 1Q 2014 was RMB 18,519,021.77. Cumulative fund raised usage amount
actually up to 31 March 2014 was RMB 866,568,178.75; balance in fund raised account totaling RMB
62,902,924.45 (including RMB 1,019,941.55, not withdrawal for current capital supplementation permanently and
the unpaid contract amount and qualify assurance fund RMB 61,882,982.9 in total).
(II) Progress of non-material lawsuits and arbitrations in the Period
To maintain the independence and completeness of the trade mark and trade name Meiling, following the
principle of centralized management and unified use of trade mark and trade name, the Company detailed combed
and thoroughly checked the situation left over by history in which the use the trademark and trade name are
permitted before the acquisition of 100% property rights of Hefei Meiling Group Holdings co., LTD. (hereinafter
referred to as the Meiling Group). Up to the disclosure date of this Report, the litigation and arbitration Meiling
brand involved is in the progress as follows:
1. The case of a subsidiary company named Meiling Group taking an action to Hefei Meiling Household
Appliances co., LTD for dissolving the Trademark License Agreement signed before was closed. More details of
the case can be found in relevant notice (Notice No.: 2012-052) released on 20 December 2012.
2. The legal case that Meiling Group terminated the “Trademark License Agreement” signed with totally six
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Hefei Meiling Co., Ltd. The First Quarterly Report of 2014(Full Text)
companies as Hefei Meiling Communication Technology Co., Ltd. (hereinafter referred to as the Meiling
Communication), Hefei Meiling Environmental Equipment Technology Co., Ltd. (hereinafter referred to as the
Meiling Environmental), Meiling Vehicle Industry Co., Ltd. (hereinafter referred to as the Meiling Vehicle
Industry), Hefei Meiling Electrical Appliances Co., Ltd. (hereinafter referred to as the Meiling Electrical
Appliances), Hefei Meiling Cabinet and Electrical Co., Ltd. (hereinafter referred to as the Meiling Cabinet) and
Hefei Meiling Security and Protection Products Co., Ltd. (hereinafter referred to as the Meiling Security and
Protection) and required them to pay the royalty of the brand has been applied for arbitration to Hefei Arbitration
Committee. The above said arbitration cases accepted by Hefei Arbitration Committee were closed, details of the
cases are:
(1) Arbitration of Meiling Group with Meiling Communication render an award dated 31 December 2013,
mainly including the “Trademark License Agreement” signed between the two parties is rescinded when expired
on 4 April 2013, and charge for use of trademark required to paid by Meiling Communication etc.
(2) Arbitration of Meiling Group with Meiling Environmental render an award dated 3 January 2014, mainly
including the “Trademark License Agreement” signed between the two parties is terminate when expired on 20
December 2012, and charge for use of trademark required to paid by Meiling Environmental etc.
(3) Arbitration of Meiling Group with Meiling Vehicle Industry render an award dated 27 March 2014,
mainly including the “Trademark License Agreement” signed between the two parties dated 30 June 2009 is
rescinded since the Award received by two parties, and charge for use of trademark required to paid by Meiling
Vehicle Industry etc.
(4) Arbitration of Meiling Group with Meiling Electrical Appliances render an award dated 27 March 2014,
mainly including the “Trademark License Agreement” signed between the two parties dated 2 June 2009 is
rescinded since the Award received by two parties, and charge for use of trademark required to paid by Meiling
Electrical Appliances etc.
(5) Arbitration of Meiling Group with Meiling Cabinet render an award dated 27 March 2014, mainly
including the “Trademark License Agreement” signed between the two parties dated 9 April 2009 is rescinded
since the Award received by two parties, and charge for use of trademark required to paid by Meiling Cabinet etc.
(6) Arbitration of Meiling Group with Meiling Security and Protection render an award dated 27 March 2014,
mainly including rejected the arbitration claim from Meiling Group. At the same time, the “Trademark License
Agreement” signed between the two parties dated 24 June 2009 will expire on 24 June 2014, Meiling Security and
Protection can not use relevant trademark of “Meiling” anymore since the agreement ended.
(III)Overview of other significant events
Information index for
Overview Date for disclosure
temporary report disclosure
According to future development strategy and supported by the core technology
of intelligence and variable frequency etc., the Company and subsidiary Juchao
Mianyang Meiling Refrigeration Co., Ltd. (hereinafter referred to as the 2014-1-21 Website: http://www.cninfo.co
Mianyang Meiling) invested RMB 5 million together to establish “Mianyang m.cn ( No.: 2014-001)
Meiling Software Technology Co., Ltd.”
In January 2014, the Company received the 2013 Annual Audit Report from 2013-10-18, Juchao
10
Hefei Meiling Co., Ltd. The First Quarterly Report of 2014(Full Text)
Changhong Finance Co., Ltd. (hereinafter referred to as the Changhong Finance 2013-11-8, Website: http://www.cninfo.co
Company), the 2013 annual financial report of Changhong Finance Company was m.cn ( No.: 2013-045, No.:
2014-1-25
audited by Shine Wing CPAs, who has the securities and futures-related business 2013-046, No.: 2013-048, No.:
qualifications. The 2013 annual basic index of Changhong Finance Company met 2013-053, No.: 2014-003)
the requirements of the "Management Approaches for the Finance Companies of
the Enterprise Group" issued by the China Banking Regulatory Commission and
the relevant regulations of Shenzhen Stock Exchange, no case that needed to start
the risk disposition plan as ruled in “Risk disposition plan about the loans and
deposits financial services of Sichuan Changhong Group Finance Company” has
occurred, the Company shall carry out the deposits and loans business in
accordance with the "Financial Services Agreement" signed with Changhong
Finance Company, continued to do the risk management to the deposit and loan
businesses with Changhong Finance Company funds between risk management,
regularly carried out the special risk assessments, and timely performed the
information disclosure obligations in accordance with the relevant regulations.
According to the "The Regulatory Guidance of the Listed Company No. 4 - the
actual controller of the listed companies, the shareholders, the related parties,
purchasers and the commitment and performance of the listed companies" (CSRC
Announcement [2013] No. 55, hereinafter referred to as "Regulatory Guidance")
of China Securities Regulatory Commission and relevant requirement of “Notice
of Specific Disclosure on the actual controller of the listed companies, the
shareholders, the related parties, purchasers and the commitment and performance
Juchao
of the listed companies” from Anhui Securities Regulatory Bureau, the Company
2014-2-15, Website: http://www.cninfo.co
exercise self-examination on shareholders, related parties and performance of
2014-4-2 m.cn ( No.: 2014-004, No.:
committee items. The Company has no un-performed committee out of terms; and
2014-022)
there are three items that meet no requirement of first requirement of the
“Regulatory Guidance”, the Company should communicate and negotiate with the
controlling shareholder – Sichuan Changhong and the related party - Minsheng
Logistics, regulate the commitments that do not meet the requirements of the
relevant provisions of "Regulatory Guidance", or submit the changes and the
exemption performance of the stockholders' meeting, and timely disclosure the
information in accordance with the relevant provisions.
For some media reports, for purpose of making investors to understanding the
Juchao
intellectual products of the Company, “Explanation on intellectual products from 2014-2-19,
Website: http://www.cninfo.co
the Board” and “Clarification Notice” were released on appointed medial dated 19 2014-2-25,
m.cn ( No.: 2014-005, No.:
February, 25 February and 25 March 2014 for explain and clarify intellectual 2014-3-25
2014-008,No.:2014-014)
products and some of the media coverage.
On 21 February 2014, the 7th batch of circulating shares with restricted condition
Juchao
after the implementation of equity division reform were released from restriction
2014-2-20 Website: http://www.cninfo.co
and listed for trading. 4 shareholders were released in total with 1,458,835 shares
m.cn ( No.: 2014-006)
released, representing 0.1910% of the total share capital.
On 24 February 2014, a written resignation of former director Mr. Sun Liqiang 2014-2-25, Juchao
was received by the Board, Mr. Sun Liqiang resign from the member of strategy 2014-2-27 Website: http://www.cninfo.co
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Hefei Meiling Co., Ltd. The First Quarterly Report of 2014(Full Text)
committee of the Board and director of 7th session of the Board due to personnel m.cn ( No.: 2014-007, No.:
rd th
reasons. Being deliberated and approved by 33 meeting of 7 session of the 2014-009)
th
Board, Mr. Gao Jian was by-elected as non-independent director candidate for 7
session of the Board, and should submit for approval in general meeting of the
Company.
The land use right, locates at west section, Puming North Road, Hi-Tech district,
Mianyang City, owned by Sichuan Changhong Minsheng Logistic Co., Ltd.
(hereinafter referred to as the Minsheng Logistic), was collected by Mianyang
City Government, thus Minsheng Logistic unable to rent part of the plants in the
Juchao
lands to Mianyang Meiling, subsidiary of the Company. Subject to consent by the
Website: http://www.cninfo.co
Board of the Company, Mianyang Meiling entered into the “Terminate Agreement 2014-2-27
m.cn ( No.: 2014-009, No.:
of “House-Leasing Contract”” with Minsheng Logistic to release the undue
2014-010)
“House-Leasing Contract” signed by two parties in January 2010. Meanwhile,
Minsheng Logistic compensates RMB 40 million to Mianyang Meiling for
relocation losses and impact from early termination option. Mianyang Meiling
will seek for suitable plants for lease.
Being deliberated and approved in 33rd meeting of 7th session of the Board held on
26 February 2014, consent to signed “Trademark License Contract” with Sichuan
Juchao
Changhong Electric Co., LTD (“Sichuan Changhong”). The “CHiQ” apply for
Website: http://www.cninfo.co
registration by Sichuan Changhong was authorized and permit for free used to the 2014-2-27
m.cn ( No.: 2014-009, No.:
Company and controlling subsidiaries of the Company under the “Home Internet”
2014-011)
form of intelligent refrigerator and air-condition products with permission to used
from 20 February 2014 to 19 February 2017.
On 3 March 2014, the Company entered into the “Contingency Clearance
Agreement” with Hefei Xingtai Holding Group Co., Ltd. (Xingtai Holding), after
examination and approval from the accounting firms recognized by two parties,
the undisclosed contingent liabilities involved in audited and assessment report Juchao
from purchasing the target assets of Meiling Group was confirmed as RMB 2014-3-5 Website: http://www.cninfo.co
8,021,786.31. Subject to the “Property Right Transfer Contract” signed with m.cn ( No.: 2014-012)
Xingtai Holding by the Company in 2010, the contingent liability will undertake
by Xingtai Group. And the aforesaid amount was paid by Xingtai Holding by
agreement.
III. Commitments from the Company or shareholder with over 5% share held in reporting
period or continues to reporting period
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Hefei Meiling Co., Ltd. The First Quarterly Report of 2014(Full Text)
Item of
Promisee Content of commitments Date Term Implementation
Commitments
1. The acquirer shall not engage in refrigerator business or activity which
competes or will compete with business of HEFEI MEILING CO., LTD Valid for long Strictly
(hereinafter referred to as the “Meiling Electrical”), or that which has interest term implemented
conflict with Meiling Electrical Appliances.
Sichuan
2. The acquirer promises to apply shareholders’ right on a legal and reasonable
Changhong Valid for long Strictly
Commitments Promise and guarantee of manner and shall not take any action to limit or affect the normal operation of
Electric Co., term implemented
made in horizontal competition Meiling Electrical Appliances.
LTD
acquisition report avoidance made in 2007-6-12
(hereinafter 3. For any opportunity to engage in competing business, the acquirer will
or equity change “Acquisition Report of
referred to as advise Meiling Electrical Appliances in written for engaging such business or
report Hefei Meiling Co., Ltd”
the “Sichuan not. If Meiling Electrical Appliances gives no clear written reply as to whether
Changhong”) engaging the competing business or not within 20 days after receipt of the Valid for long Strictly
aforesaid letter, it shall be deemed that it will not engage in such business. The term implemented
acquirer will only engage in non-competing business provided that Meiling
Electrical Appliances confirms not to or is deemed to not engage in such
non-competing business.
1. It will not engage in such business or activity that competes with or has
interest conflict with that of Meiling Electrical Appliances except for the
action taken for sake of Meiling Electrical Appliances as required by Meiling
Electrical Appliances.
Commitment regarding
2. The Company promises to apply shareholders’ right on a legal and
Commitment to reducing and
Sichuan reasonable manner and shall not take any action to limit or affect the normal Valid for long Strictly
made during the preventing competition 2010-6-24
Changhong operation of Meiling Electrical Appliances. term implemented
non-public offer with Meiling Electrical
Appliances 3. In case that Meiling Electrical Appliances expects, on the basis of its
existing business, to expand its operation scope into the business which the
Company has already operated, the Company agrees to grant pre emptive right
to Meiling Electrical Appliances regarding such business if the same
conditions are met, provided that the Company is still the controlling
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Hefei Meiling Co., Ltd. The First Quarterly Report of 2014(Full Text)
shareholder or actual controller of Meiling Electrical Appliances.
1. Measures will be adopted to prevent continued related transaction with
Meiling Electrical Appliances: as to the related transaction that can not be
prevented, it will sign related transaction agreement with Meiling Electrical
Appliances under the market principles of “equally paid and mutual benefit”,
Commitment regarding and fairly determined the transaction price according to the market prevailing
to reducing and standards.
Valid for long Strictly
standardizing related 2010-6-24
2. Perform the necessary obligations to make related directors and related term implemented
transaction with Meiling
shareholder abstain from voting according to relevant regulation, and observe
Electrical Appliances
legal procedure for approving related transaction and information disclosure
obligations.
3. Promise not to hurt legal interests of Meiling Electrical Appliances and
other shareholders through related transaction.
Commit to transfer the land and buildings to Changhong Air Conditioning Co., Ltd.(hereinafter referred
Has no clear
to as the “Changhong Air Conditioning”) upon determination of assets property; urge its subsidiary
performance
Sichuan Changhong Minsheng Logistics Co., Ltd. transfer the land and buildings held by the company to 2010-9-7 Implementing
term before
Mianyang Meiling Refrigeration Co., Ltd. (hereinafter referred to as the “Mianyang Meiling”) upon
implemented
determination of assets property
Commit to authorized Changhong Air Conditioning and Zhongshan Air Conditioning Co., Ltd.
Valid for long Strictly
(hereinafter referred to as the “Zhongshan Changhong”) to use “Changhong” trademark and relevant 2010-11-6
term implemented
patents for free.
Changhong Has no clear
The subsidiary of Sichuan Changhong that Changhong Minsheng Logistics Co., Ltd. (hereinafter referred
Minsheng performance
to as the “Minsheng Logistics”) commits to transfer the land and buildings to Mianyang Meiling upon 2010-9-7 Implementing
Logistics Co., term before
determination of the relevant building title certificate.
Ltd. implemented
14
Hefei Meiling Co., Ltd. The First Quarterly Report of 2014(Full Text)
1. Commit to disclose periodic reports on a truthful, accurate, complete, fair and prompt manner, to
disclose all the information that have important influences over investors, to accept supervision under the
CSRC and Shenzhen Stock Exchange.
2. Commit to make public clarification in respect of such information that is released from any public
media and may result in misleading influences on stock price once the Company is aware of such
information. Valid for long Strictly
The Company 2011-1-7
term implemented
3. The directors, supervisors, senior management and core technicians of the Company will accept
opinions and criticism from the social publics, and they will not trade the Company’s securities, directly
or indirectly, with any inside information and other illegal methods. The Company promises that the
documents submitted to Shenzhen Stock Exchange exist no false statement or material omission, and no
relevant information will be disclosed during the application for listing without prior content from
Shenzhen Stock Exchange.
1. Three raised fund projects have completed and put into production, savings used for supplement
Commitment in Commitment 1,
respect of applying current capital for permanent purpose has no impact on the implementation of raised fund projects and 3 has
proceeds savings 2. The Company has no high-risk investment performed in latest 12 months, such as portfolio investment; completed
2013-11-8 to
in supplement The Company and promised not to performing high-risk investment (e.g. portfolio investment) in 12 months after 2013-10-18 while
2014-11-8
current capital for current capital supplied commitment 2
permanent still in
3. Concerning the savings for supplement, the Company promise to use the funds totally in business with
purpose complementing
operation concerned of the Company
1. Since the property transfer didn’t involve the buildings and land currently used by Changhong Air
Conditioning, Sichuan Changhong commits, upon the completion of equity transfer, to continue to lease
Commitment such assets to Changhong Air Conditioning at market price, and negotiate with Meiling Electrical
made in transfer Appliances in respect of the transfer of the buildings and land according to the operation needs of
Sichuan Valid for long Strictly
of air Changhong Air Conditioning. 2009-12-10
Changhong term implemented
conditioning 2. After completion of this property transfer, Sichuan Changhong commits to manage to prevent new
assets property related transaction with Meiling Electrical Appliances. For those which can not be prevented, Sichuan
Changhong commits to determine the transaction price based on market accepted methods, so as to
ensure fairness of related transaction and protection of the interest of Meiling Electrical Appliances.
15
Hefei Meiling Co., Ltd. The First Quarterly Report of 2014(Full Text)
3. Sichuan Changhong commits that it will not engage in air conditioning and refrigerator business or
activity which competes or will compete with business of Meiling Electrical Appliances, or that which
has interest conflict with Meiling Electrical Appliances.
1. Make promise not to reduce the shares of Meiling bought this time via any market ways in the first From 15 August
Some of the year, which was allowed to be reduced by 50% according to the laws and regulations in the second year, 2013 to three
Commitments by 2013-8-15 Implementing
Directors, and the remaining 50% was allowed to be reduced in the third year in accordance with the laws and years after the
incentive objects
supervisors and regulations. stock purchased
while purchasing
senior 2. The directors, supervisors and senior management promised to manage in accordance with the relevant
stock of the From 15 August
executives of management approaches in accordance with the "Company Law", "Securities Law" and "The Company’s
Company with 2013 to 6 months
the Company shares held by the directors, supervisors and senior management of the listed company and its change
performance after director,
as well as other management rules", including but not limited to: during his tenure, the shares transferred each year shall 2013-8-15 Implementing
incentive funds supervisor and
incentive not exceed 25% of the total number of shares held of the Company; shall not sell the shares of the
and owned fund senior executives
objects Company within six months after bought it or purchase again six months after sold it; shall not transfer
resigned
the shares held within six months after Dismission.
Perform the
commitment √ Yes □ No
promptly or not
The commitment deadline in the above-mentioned commitment referred to the commitment that didn’t have the specific performance deadline before the implementation,
Specific reason and didn’t comply with the first requirement of "The Regulatory Guidance of the Listed Company No. 4 - the actual controller of the listed companies, the shareholders, the
For related parties, purchasers and the commitment and performance of the listed companies" (CSRC Announcement [2013] No. 55, hereinafter referred to as "Regulatory
non-performance Guidance") of China Securities Regulatory Commission. The Company should communicate and negotiate with the controlling shareholder – Sichuan Changhong and the
and the next plan related party - Minsheng Logistics, regulate the commitments that do not meet the requirements of the relevant provisions of "Regulatory Guidance", or submit the changes
and the exemption performance of the stockholders' meeting, and timely disclosure the information in accordance with the relevant provisions.
16
Hefei Meiling Co., Ltd. The First Quarterly Report of 2014(Full Text)
IV. Forecast of operation performance from Jan. – June of 2014
Estimation on 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 on reason
□ Applicable √ Not applicable
V. Securities Investment
Explanation on holding equity of other listed company
□ Applicable √ Not applicable
VI. Derivative Investment
□Applicable √Not applicable
VII. Registration form for receiving research, communication and interview in the report period
Type of Contents discussed and
Date Place Method Investor
investors materials supplied
Conference Spot Business production
2014-1-17 room of the Institution Easter Bay Assets Management Co., Ltd. status of the Company,
company investigation no material required
Changjiang Securities Co., Ltd., Caitong
Conference Spot Business production
2014-1-21 room of the Institution Securities Co., Ltd., ICBC Credit Suisses Assets status of the Company,
company investigation no material required
Management Co., Ltd.
Conference Spot Business production
2014-1-24 room of the Institution CITIC Securities status of the Company,
company investigation no material required
Shenzhen Minsen Investment Co., Ltd., SWS
Conference Spot Research, Orient Securities Assets Management Business production
2014-2-11 room of the Institution status of the Company,
company investigation Co., Ltd., Changsheng Fund Management Co., no material required
Ltd
Changjiang Securities Co., Ltd., China Southern
Fund Management Co., Ltd., ABC-CA Fund
Conference Spot Management Co., Ltd., Bank of Business production
2014-2-14 room of the Institution status of the Company,
company investigation Communications Schroder Fund Management no material required
Co., Ltd., HFT Investment Management Co.,
Ltd
China Investment Securities, Guotai Junan
Securities Co., Ltd., China Merchants Fund
Management Co., Ltd., Taikang AMC, Sinolink
Conference Spot Business production
2014-2-18 room of the Institution Securities Co., Ltd., Haitong Securities Co., status of the Company,
company investigation no material required
Ltd., Shanghai Entertainment Holding Co., Ltd.,
GTJA Allianz Funds Management Co., Ltd.,
Anbang Insurance Management Co., Ltd.
17
Hefei Meiling Co., Ltd. The First Quarterly Report of 2014(Full Text)
Section IV. Financial Statement
I. Financial statement
1. Consolidate balance sheet
Prepared by Hefei Meiling Co., Ltd.
In RMB
Item Balance at period-end Balance at period-begin
Current assets:
Monetary fund 2,612,305,796.18 2,266,192,804.16
Settlement provisions
Capital lent
Transaction finance asset
Notes receivable 1,843,608,669.44 1,722,039,923.01
Account receivable 1,144,807,173.21 855,264,087.13
Accounts paid in advance 70,784,821.02 73,636,908.88
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Interest receivable
Dividend receivable
Other receivables 35,729,912.09 20,115,619.72
Purchase restituted finance asset
Inventories 1,665,200,720.84 1,593,865,312.94
Non-current asset due within one
year
Other current assets
Total current assets 7,372,437,092.78 6,531,114,655.84
Non-current assets:
Granted entrust loans and advances
Financial assets available for sale
Hold-to-maturity investment
18
Hefei Meiling Co., Ltd. The First Quarterly Report of 2014(Full Text)
Long-term account receivable
Long-term equity investment 29,392,384.20 29,495,387.39
Investment real estate 15,499,232.19 15,701,377.73
Fixed assets 1,138,063,762.04 1,138,750,631.37
Construction in process 52,805,952.01 52,514,642.10
Engineering material
Disposal of fixed asset 76,117,234.11 76,129,471.41
Productive biological assets
Oil and gas asset
Intangible assets 585,221,573.06 593,054,170.58
Expense on Research and
15,573,218.63 9,516,070.34
Development
Goodwill
Long-term expenses to be apportioned
Deferred income tax asset 81,867,900.57 75,895,434.58
Other non-current asset
Total non-current asset 1,994,541,256.81 1,991,057,185.50
Total assets 9,366,978,349.59 8,522,171,841.34
Current liabilities:
Short-term loans 733,729,091.83 66,433,079.86
Loan from central bank
Absorbing deposit and interbank
deposit
Capital borrowed
Transaction financial liabilities
Notes payable 1,378,927,911.85 1,520,088,715.18
Accounts payable 1,841,704,553.10 1,692,121,242.19
Accounts received in advance 396,165,243.59 363,233,745.71
Selling financial asset of
repurchase
Commission charge and
commission payable
Wage payable 116,651,139.51 168,217,307.27
Taxes payable 44,316,455.14 -4,920,046.33
Interest payable
19
Hefei Meiling Co., Ltd. The First Quarterly Report of 2014(Full Text)
Dividend payable 1,767,979.23 1,782,087.76
Other accounts payable 1,048,284,766.49 914,983,315.18
Reinsurance payables
Insurance contract reserve
Security trading of agency
Security sales of agency
Non-current liabilities due within 1
79,256,114.30 119,256,114.30
year
Other current liabilities
Total current liabilities 5,640,803,255.04 4,841,195,561.12
Non-current liabilities:
Long-term loans 9,523,700.00 9,523,700.00
Bonds payable
Long-term account payable
Special accounts payable
Projected liabilities 355,046,240.38 356,648,942.74
Deferred income tax liabilities
Other non-current liabilities 104,751,487.32 107,073,628.76
Total non-current liabilities 469,321,427.70 473,246,271.50
Total liabilities 6,110,124,682.74 5,314,441,832.62
Owners’ equity(or Shareholders’
equity):
Paid-in capital( or share capital) 763,739,205.00 763,739,205.00
Capital public reserve 1,478,904,455.90 1,478,904,455.90
Less: Inventory shares
Reasonable reserve
Surplus public reserve 337,902,735.75 337,902,735.75
Provision of general risk
Retained profit 658,235,005.63 608,723,517.81
Balance difference of foreign
-1,339,021.02 -1,939,397.56
currency translation
Total owner’s equity attributable to
3,237,442,381.26 3,187,330,516.90
parent Company
Minority interests 19,411,285.59 20,399,491.82
Total owner’s equity( or shareholders 3,256,853,666.85 3,207,730,008.72
20
Hefei Meiling Co., Ltd. The First Quarterly Report of 2014(Full Text)
equity)
Total liabilities and owner’s equity( or
9,366,978,349.59 8,522,171,841.34
shareholders equity)
Legal Representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institute: Tang Bin
2. Balance sheet of parent company
Prepared by Hefei Meiling Co., Ltd.
In RMB
Item Balance at period-end Balance at period-begin
Current assets:
Monetary fund 2,326,446,911.95 2,001,187,367.05
Transaction finance asset
Notes receivable 1,336,530,888.55 1,295,619,890.23
Account receivable 666,978,218.90 782,391,484.40
Accounts paid in advance 117,813,107.84 130,573,509.64
Interest receivable
Dividend receivable
Other receivables 51,874,814.67 45,236,748.46
Inventory 717,340,857.60 599,275,043.05
Non-current asset due within one
year
Other current assets
Total current assets 5,216,984,799.51 4,854,284,042.83
Non-current assets:
Financial assets available for sale
Hold-to-maturity investment
Long-term account receivable
Long-term equity investment 801,809,774.61 796,879,895.59
Investment real estate 12,635,209.15 12,753,681.33
Fixed assets 828,119,263.60 825,467,943.47
Construction in process 45,364,544.12 44,630,882.53
Engineering material
Disposal of fixed asset 43,312,418.01 43,307,418.01
Productive biological assets
21
Hefei Meiling Co., Ltd. The First Quarterly Report of 2014(Full Text)
Oil and gas asset
Intangible assets 442,253,840.00 444,942,445.00
Expense on Research and
Development
Goodwill
Long-term expenses to be apportioned
Deferred income tax asset 73,734,725.69 69,171,492.26
Other non-current asset
Total non-current asset 2,247,229,775.18 2,237,153,758.19
Total assets 7,464,214,574.69 7,091,437,801.02
Current liabilities:
Short-term loans 661,639,150.43 25,340,889.00
Transaction financial liabilities
Notes payable 935,242,309.61 1,156,825,213.50
Accounts payable 1,080,056,380.43 1,100,326,742.67
Accounts received in advance 226,315,417.40 192,083,732.72
Wage payable 61,016,063.37 97,469,125.91
Taxes payable 3,471,235.09 -7,709,679.63
Interest payable
Dividend payable 1,767,979.23 1,767,979.23
Other accounts payable 738,241,716.60 743,651,849.94
Non-current liabilities due within 1
77,490,683.80 117,490,683.80
year
Other current liabilities
Total current liabilities 3,785,240,935.96 3,427,246,537.14
Non-current liabilities:
Long-term loans 9,523,700.00 9,523,700.00
Bonds payable
Long-term account payable
Special accounts payable
Projected liabilities 355,046,240.38 356,648,942.74
Deferred income tax liabilities
Other non-current liabilities 81,151,890.55 83,024,561.91
Total non-current liabilities 445,721,830.93 449,197,204.65
Total liabilities 4,230,962,766.89 3,876,443,741.79
22
Hefei Meiling Co., Ltd. The First Quarterly Report of 2014(Full Text)
Owners’ equity(or Shareholders’
equity):
Paid-in capital( or share capital) 763,739,205.00 763,739,205.00
Capital public reserve 1,497,898,194.51 1,497,898,194.51
Less: Inventory shares
Reasonable reserve
Surplus public reserve 337,684,570.07 337,684,570.07
Provision of general risk
Retained profit 633,929,838.22 615,672,089.65
Balance difference of foreign
currency translation
Total owner’s equity( or shareholders
3,233,251,807.80 3,214,994,059.23
equity)
Total liabilities and owner’s equity( or
7,464,214,574.69 7,091,437,801.02
shareholders equity)
Legal Representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institute: Tang Bin
3. Consolidated profit statement
Prepared by Hefei Meiling Co., Ltd.
In RMB
Item Amount in this period Amount in last period
I. Total operating income 2,613,087,698.42 2,385,518,958.63
Including: Operating income 2,613,087,698.42 2,385,518,958.63
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 2,562,013,868.70 2,340,189,474.26
Including: Operating cost 2,018,641,090.35 1,823,896,068.82
Interest expense
Commission charge and
commission expense
Cash surrender value
Net amount of expense of
compensation
23
Hefei Meiling Co., Ltd. The First Quarterly Report of 2014(Full Text)
Net amount of withdrawal of
insurance contract reserve
Bonus expense of guarantee slip
Reinsurance expense
Operating tax and extras 14,403,856.24 22,247,024.16
Sales expenses 453,546,274.45 407,992,096.94
Administration expenses 85,284,013.66 88,387,448.11
Financial expenses -17,475,765.00 -15,243,237.94
Losses of devaluation of asset 7,614,399.00 12,910,074.17
Add: Changing income of fair
value(Loss is listed with “-”)
Investment income (Loss is listed
-103,003.19 -34,904.04
with “-”)
Including: Investment income on
-103,003.19 -34,904.04
affiliated Company and joint venture
Exchange income (Loss is listed
with “-”)
III. Operating profit (Loss is listed
50,970,826.53 45,294,580.33
with “-”)
Add: Non-operating income 6,353,872.55 3,346,446.60
Less: Non-operating expense 188,790.42 283,883.95
Including: Disposal loss of
174,619.08 296,720.17
non-current asset
IV. Total Profit (Loss is listed with
57,135,908.66 48,357,142.98
“-”)
Less: Income tax 5,988,153.23 14,782,488.53
V. Net profit (Net loss is listed with “-”) 51,147,755.43 33,574,654.45
Including: net profit realized for
merged party before combination
Net profit attributable to owner’s
49,511,487.82 40,877,845.25
equity of parent Company
Minority shareholders’ gains and
1,636,267.61 -7,303,190.80
losses
VI. Earnings per share -- --
i. Basic earnings per share 0.0648 0.0535
ii. Diluted earnings per share 0.0648 0.0535
VII. Other consolidated income 1,000,627.56 -138,618.29
24
Hefei Meiling Co., Ltd. The First Quarterly Report of 2014(Full Text)
VIII. Total consolidated income 52,148,382.99 33,436,036.16
Total consolidated income
attributable to owners of parent 50,111,864.36 40,794,674.28
Company
Total consolidated income
2,036,518.63 -7,358,638.12
attributable to minority shareholders
Legal Representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institute: Tang Bin
4. Profit statement of parent company
Prepared by Hefei Meiling Co., Ltd.
In RMB
Item Amount in this period Amount in last period
I. Operation income 1,216,776,629.46 1,545,646,587.62
Less: Operation cost 1,025,006,130.11 1,302,874,910.04
Operating tax and extras 5,618,273.43 16,447,323.79
Sales expenses 103,582,595.46 123,574,368.73
Administration expenses 43,935,338.17 41,875,502.56
Financial expenses -13,296,404.90 -12,809,624.29
Losses of devaluation of asset 34,533,501.11 -584,793.30
Add: Changing income of fair
value(Loss is listed with “-”)
Investment income (Loss is listed
-20,120.98 38,031.73
with “-”)
Including: Investment income
-20,120.98 38,031.73
on affiliated Company and joint venture
II. Operating profit (Loss is listed
17,377,075.10 74,306,931.82
with “-”)
Add: Non-operating income 4,607,507.27 2,436,660.68
Less: Non-operating expense 174,339.08 215,012.31
Including: Disposal loss of
174,339.08 215,012.31
non-current asset
III. Total Profit (Loss is listed with
21,810,243.29 76,528,580.19
“-”)
Less: Income tax 3,552,494.72 12,504,256.79
IV. Net profit (Net loss is listed with
18,257,748.57 64,024,323.40
“-”)
25
Hefei Meiling Co., Ltd. The First Quarterly Report of 2014(Full Text)
V. Earnings per share -- --
i. Basic earnings per share 0.0239 0.0838
ii. Diluted earnings per share 0.0239 0.0838
VI. Other consolidated income
VII. Total consolidated income 18,257,748.57 64,024,323.40
Legal Representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institute: Tang Bin
5. Consolidated cash flow statement
Prepared by Hefei Meiling Co., Ltd.
In RMB
Item Amount in this period Amount in last period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 1,607,319,295.45 1,570,128,786.37
services
Net increase of customer deposit
and interbank deposit
Net increase of loan from 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 asset
Cash received from interest,
commission charge and commission
Net increase of capital borrowed
Net increase of returned business
capital
Write-back of tax received 38,022,269.44 11,153,348.60
26
Hefei Meiling Co., Ltd. The First Quarterly Report of 2014(Full Text)
Other cash received concerning
17,463,443.87 19,448,404.44
operating activities
Subtotal of cash inflow arising
1,662,805,008.76 1,600,730,539.41
from operating activities
Cash paid for purchasing
commodities and receiving labor 1,490,404,973.31 1,220,761,645.96
service
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 workers 211,187,557.21 215,306,868.55
Taxes paid 75,731,980.76 119,955,382.18
Other cash paid concerning
193,762,600.45 134,651,012.28
operating activities
Subtotal of cash outflow arising
1,971,087,111.73 1,690,674,908.97
from operating activities
Net cash flows arising from
-308,282,102.97 -89,944,369.56
operating activities
II. Cash flows arising from investing
activities:
Cash received from recovering
investment
Cash received from investment
516,596.00
income
Net cash received from disposal of
fixed, intangible and other long-term 40,729,958.40 204,926.00
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
12,044,788.48 5,208,004.79
investing activities
27
Hefei Meiling Co., Ltd. The First Quarterly Report of 2014(Full Text)
Subtotal of cash inflow from
52,774,746.88 5,929,526.79
investing activities
Cash paid for purchasing fixed,
27,741,973.71 37,181,273.50
intangible and other long-term assets
Cash paid for investment 1,097,787.00
Net increase of mortgaged loans
Net cash received from
subsidiaries and other units
Other cash paid concerning
100,000.00
investing activities
Subtotal of cash outflow from
28,839,760.71 37,281,273.50
investing activities
Net cash flows arising from
23,934,986.17 -31,351,746.71
investing activities
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 716,333,000.05 52,308,945.90
Cash received from issuing bonds
Other cash received concerning
financing activities
Subtotal of cash inflow from
716,333,000.05 52,308,945.90
financing activities
Cash paid for settling debts 95,834,477.54 61,038,234.85
Cash paid for dividend and profit
1,963,928.25 1,461,101.85
distributing or interest paying
Including: Dividend and profit of
minority shareholder paid by
subsidiaries
Other cash paid concerning
2,973,468.35
financing activities
Subtotal of cash outflow from
100,771,874.14 62,499,336.70
financing activities
Net cash flows arising from 615,561,125.91 -10,190,390.80
28
Hefei Meiling Co., Ltd. The First Quarterly Report of 2014(Full Text)
financing activities
IV. Influence on cash due to fluctuation
1,286,792.08 2,065,932.92
in exchange rate
V. Net increase of cash and cash
332,500,801.19 -129,420,574.15
equivalents
Add: Balance of cash and cash
2,238,884,137.50 1,701,307,578.13
equivalents at the period -begin
VI. Balance of cash and cash
2,571,384,938.69 1,571,887,003.98
equivalents at the period -end
Legal Representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institute: Tang Bin
6. Cash flow statement of parent company
Prepared by Hefei Meiling Co., Ltd.
In RMB
Item Amount in this period Amount in last period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 936,702,970.03 1,105,445,763.90
services
Write-back of tax received 32,722,151.29 9,750,170.95
Other cash received concerning
3,086,145.94 15,994,927.47
operating activities
Subtotal of cash inflow arising
972,511,267.26 1,131,190,862.32
from operating activities
Cash paid for purchasing
commodities and receiving labor 1,097,447,589.58 963,186,320.66
service
Cash paid to/for staff and workers 82,535,290.35 109,600,118.92
Taxes paid 19,957,054.76 41,144,653.42
Other cash paid concerning
74,575,556.76 29,306,864.76
operating activities
Subtotal of cash outflow arising
1,274,515,491.45 1,143,237,957.76
from operating activities
Net cash flows arising from
-302,004,224.19 -12,047,095.44
operating activities
II. Cash flows arising from investing
29
Hefei Meiling Co., Ltd. The First Quarterly Report of 2014(Full Text)
activities:
Cash received from recovering
investment
Cash received from investment
516,596.00
income
Net cash received from disposal of
fixed, intangible and other long-term 729,950.00 204,926.00
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
12,445,872.25 5,262,086.34
investing activities
Subtotal of cash inflow from
13,175,822.25 5,983,608.34
investing activities
Cash paid for purchasing fixed,
22,506,664.19 29,206,903.45
intangible and other long-term assets
Cash paid for investment 4,950,000.00
Net cash received from
subsidiaries and other units
Other cash paid concerning
investing activities
Subtotal of cash outflow from investing
27,456,664.19 29,206,903.45
activities
Net cash flows arising from
-14,280,841.94 -23,223,295.11
investing activities
III. Cash flows arising from financing
activities:
Cash received from absorbing
investment
Cash received from loans 655,241,500.05
Cash received from issuing bonds
Other cash received concerning
50,210,844.95 50,756,558.58
financing activities
Subtotal of cash inflow from
705,452,345.00 50,756,558.58
financing activities
Cash paid for settling debts 65,300,977.54 13,073,840.00
Cash paid for dividend and profit
1,228,608.27 1,260,000.00
distributing or interest paying
30
Hefei Meiling Co., Ltd. The First Quarterly Report of 2014(Full Text)
Other cash paid concerning
1,813,437.05 413,962.50
financing activities
Subtotal of cash outflow from
68,343,022.86 14,747,802.50
financing activities
Net cash flows arising from
637,109,322.14 36,008,756.08
financing activities
IV. Influence on cash due to fluctuation
245,030.45 1,371,210.19
in exchange rate
V. Net increase of cash and cash
321,069,286.46 2,109,575.72
equivalents
Add: Balance of cash and cash
1,996,577,625.49 1,235,992,818.90
equivalents at the period -begin
VI. Balance of cash and cash
2,317,646,911.95 1,238,102,394.62
equivalents at the period -end
Legal Representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institute: Tang Bin
II. Audit report
Whether the 1st quarterly report has been audited or not
□Yes √ No
Hefei Meiling Co., Ltd.
Chairman: Liu Tibin
19 April 2014
31
