HUBEI SANONDA CO., LTD.
REPORT FOR THE THIRD QUARTER OF 2011
§1. Important Notice
1.1 The Board of Directors, the Supervisory Committee and directors, supervisors and
senior management of Hubei Sanonda Co., Ltd. (hereinafter referred to as “the
Company”) hereby guarantee that this report contains no false information, misleading
statements or material omissions, and will, individually and collectively, accept
responsibility for the factuality, accuracy and completeness of this report.
1.2 The Financial Report of this third quarterly report has not been audited by a CPA
firm.
1.3 Mr. Li Zuorong, Person-in-charge of the Company, Mr. He Xuesong,
Person-in-charge of the accounting work and the accounting organ hereby confirm the
factuality and completeness of the Financial Report in this quarterly report.
§2 Company Profile
2.1 Main accounting data and financial indices
Unit: RMB Yuan
Increase/decreas
As at 30 Sept. 2011 As at 31 Dec. 2010
e (%)
Before adjustment After adjustment After adjustment
Total assets (Yuan) 2,513,664,505.93 2,014,857,636.00 2,113,217,292.03 18.95%
Owners’ equity attributable
to shareholders of listed 1,139,584,164.21 1,105,608,076.51 1,134,047,169.15 0.49%
company (Yuan)
Share capital (Share) 593,923,220.00 593,923,220.00 593,923,220.00 0.00%
Net assets per share
attributable to shareholders
1.92 1.86 1.91 0.52%
of listed company (Yuan
/share)
Increase/decreas
Jul.-Sept. 2011 Jul.-Sept. 2010 e year-on-year
(%)
After
Before adjustment After adjustment
adjustment
Total operation income
469,771,678.07 397,545,395.33 397,545,395.33 18.17%
(Yuan)
Net profit attributable to
shareholders of listed 16,549,367.79 3,613,543.38 3,600,268.58 359.67%
company (Yuan)
Net cash flows generated
from operating activities - - - -
(Yuan)
Net cash flows per share
generated from operating - - - -
activities (Yuan /share)
Basic earnings per share
0.0278 0.0061 0.0061 355.74%
(Yuan /share)
1
Diluted earnings per share
0.0061 355.74%
(Yuan /share) 0.0278 0.0061
Weighted average return on
1.46% 0.33% 0.32% 1.14%
net assets (%)
Weighted average return on
net assets after deducting
1.35% 0.33% 0.32% 1.03%
extraordinary gains and
losses (%)
Increase/decrease
Jan.-Sept. 2011 Jan.-Sept. 2010
year-on-year (%)
Before adjustment After adjustment After adjustment
Total operation income
1,487,094,408.28 1,193,813,565.71 1,193,813,565.71 24.57%
(Yuan)
Net profit attributable to
shareholders of listed 36,188,457.43 16,023,240.46 15,982,306.71 126.43%
company (Yuan)
Net cash flows generated
from operating activities 114,679,208.69 -63,187,626.08 -48,417,480.58 -336.85%
(Yuan)
Net cash flows per share
generated from operating 0.19 -0.11 -0.08 -337.50%
activities (Yuan /share)
Basic earnings per share
0.027 126.39%
(Yuan /share) 0.0609 0.0269
Diluted earnings per share
0.027 126.39%
(Yuan /share) 0.0609 0.0269
Weighted average return on
3.18% 1.46% 1.42% 1.76%
net assets (%)
Weighted average return on
net assets after deducting
3.52% 1.77% 1.72% 1.80%
extraordinary gains and
losses (%)
Items of non-recurring gains and losses
√Applicable □Inapplicable
Unit: RMB Yuan
Items of non-recurring gains and losses Amount Notes (If applicable)
Gains and losses from disposal of non-current assets 500.00
Net current gains/losses from the period-begin to the combination
date arising from subsidiaries obtained under business combinations -10,395.14
under the same control
Other non-operating incomes and expenses besides the above items 1,266,944.86
Other gain/loss items that satisfy the definition of non-recurring
-6,350,000.00
gains and losses
Effect on minority interests 41,488.56
Effect on income tax 1,273,237.57
Total -3,778,224.15 -
2.2 Total number of shareholders at period-end and shareholding of top ten shareholders
holding tradable shares
Unit: share
Total number of shareholders at the period-end 73,755 , of which the total number of A-share holders being 49,583
Shareholding of top ten shareholders holding tradable shares
Number of tradable shares held at
Full name of shareholder Type of share
period-end
SANONDA GROUP CORPORATION 118,887,202 RMB ordinary shares
STATE-OWNED ASSETS
ADMINISTRATION BUREAU OF QICHUN 4,169,266 RMB ordinary shares
COUNTY
YUAN HAI XIANG 3,002,349 RMB ordinary shares
GUOTAI JUNAN SECURITIES(HONGKONG) 2,865,889 Domestically listed foreign shares
2
LIMITED
JINGZHOU SHASHI DISTRICT RURAL
CREDIT UNION 2,500,000 RMB ordinary shares
LUO QIAN 2,400,000 RMB ordinary shares
CHINA OPPORTUNITIES H-B FUND 2,299,911 Domestically listed foreign shares
ZHONGRONG INTERNATIONAL TRUST
2,250,000 RMB ordinary shares
CO., LTD.－FEIFAN STRUCTURAL NO. 5
CHEN YAN 1,514,000 Domestically listed foreign shares
CHEN QIAO LING 1,390,830 RMB ordinary shares
§ 3 Significant Events
3.1 Particulars about major changes of main accounting statement items and financial
indices, as well as reasons for the changes
√Applicable □Inapplicable
Unit: RMB Ten thousand
Items in the Increas Ratio of
30 Sept. 31 Dec.
financial e/decre increase/d Main reasons for the change
2011 2010
statements ase ecrease
Monetary
40,740 20,794 19,946 95.92% Increase of borrowings
funds
Export sales income increased and settlement methods with
Accounts
18,837 8,582 10,255 119.50% recourse were adopted in most export transactions, which led to
receivable
longer settlement periods.
Prepayments 3,951 1,736 2,215 127.62% Increase of prepayments for equipments and materials
Short-term
40,647 10,119 30,529 301.71% More capital needs for production and projects
borrowings
Taxes and
fares -1,018 -2,548 1,531 -60.07% Increase of export tax rebates
payable
Jingzhou Hongxiang Chemicals Co., Ltd., one of the Company’s
Long-term
1,649 764 885 115.84% controlled subsidiaries, received an appropriation for the
payables
10,000-thousand-ton pyridine project.
Jan.-Se Increas Ratio of
Jan.-Sept.
pt. e/decre increase/d
2011
2010 ase ecrease
Selling
5,990 4,229 1,761 41.65% Increase of the transportation cost and the export cost
expense
Financial Increase of loan interest rates, B/P interest and guarantee fees for
5,009 3,398 1,611 47.41%
expense loans
3.2 Progress and influence of significant events, as well as the analysis on solutions
3.2.1 Non-standard audit opinion
□Applicable √Inapplicable
3.2.2 Whether the Company provided funds to the controlling shareholder or its related
parties or provided guarantees to external parties in violation of the prescribed
procedures
□Applicable √Inapplicable
3
3.2.3 Signing and execution of significant contracts concerning routine operations
□Applicable √Inapplicable
3.2.4 Others
□Applicable √Inapplicable
3.3 Fulfillment of commitments made by the Company, shareholders and the actual
controller
Commitments made by the Company, its directors, supervisors, senior executives,
shareholders with an over 5% shareholding, actual controller and other stakeholders
during the reporting period, or such commitments carried down into the reporting
period:
□Applicable √Inapplicable
3.4 Warnings of possible losses or major changes of the accumulative net profit
achieved during the period from year-begin to the end of the next reporting period
compared with the same period of last year, as well as explanation on reasons
√Applicable □Inapplicable
Performance forecast Significant increase in the same direction
1 Jan. 2010-31
1 Jan. 2011-31 Dec. 2011 Increase/ decrease (%)
Dec. 2010
Estimated accumulative net
3,571.14 -- 4,761.51 2,380.76 Increase 50.00% -- 100.00%
profit (RMB Ten thousand)
Basic earnings per share
0.0602 -- 0.0802 0.0401 Increase 50.00% -- 100.00%
(Yuan/share)
Reason for significant increase in business performance: In 2011, there is a certain
Notes to performance forecast recovery in the market of pesticides and chemicals, and selling prices of the Company’s
some products increase, with the sales volume also increasing year-on-year.
3.5 Other significant events that need to be explained
3.5.1 Investments into securities
□Applicable √Inapplicable
3.5.2 Reception of research, interviews and visits in the reporting period
In the report period, the Company was in strict compliance with the Guide of Shenzhen
Stock Exchange on Fair Information Disclosure for Listed Companies. In progress of
reception of calls from minority investors’ calls, the Company explained basic
operating status, industrial development and supply & marketing of the Company with
principle of fair, equity and publicity. The Company never selectively, secretly leaked
significant information which was undisclosed to special object in advance, which kept
fair of information disclosure.
3.6 Investments into derivatives
□Applicable √Inapplicable
3.6.1 Positions of derivatives investments held at period-end
□Applicable √Inapplicable
§4 Attachments
4.1 Balance Sheet
Prepared by Hubei Sanonda Co., Ltd. 30 Sept. 2011 Unit: RMB Yuan
Balance as at 30 Sept. 2011 Balance as at 31 Dec. 2010
Items
Consolidation The Company Consolidation The Company
Current assets:
Monetary capital 407,403,277.83 317,931,744.10 207,943,720.75 141,059,742.96
Settlement funds
4
Outgoing call loans
Transaction financial assets
Notes receivable 40,867,803.55 36,458,261.84 33,591,881.21 31,931,881.21
Accounts receivables 188,367,437.12 158,026,813.92 85,817,244.11 79,739,307.64
Prepayments 39,511,223.88 38,230,596.28 17,358,455.95 12,147,154.26
Premium receivables
Receivables from reinsures
Reinsurance contract reserve
receivables
Interest receivables
Dividend receivables 0.00 650,000.00
Other receivables 24,969,323.76 163,474,839.23 34,747,002.71 100,040,050.80
Financial assets purchased
under agreements to resell
Inventories 286,454,113.41 250,697,745.99 275,951,648.02 221,107,344.13
Non-current assets due within 1
year
Other current assets
Total current assets 987,573,179.55 965,470,001.36 655,409,952.75 586,025,481.00
Non-current assets:
Loan and payment on other’s
behalf disbursed
Available-for-sale financial
assets
Investments held to maturity
Long-term receivables
Long-term equity investments 10,828,382.63 81,503,311.36 10,828,382.63 48,983,405.95
Investment properties 4,755,412.50 4,755,412.50 4,875,612.50 4,875,612.50
Fixed assets 701,061,960.32 655,062,146.75 707,041,960.12 658,308,612.67
Construction in progress 646,473,927.40 529,995,168.48 570,246,228.13 450,486,934.93
Engineering materials 3,418,523.57 3,418,523.57 164,468.82
Disposal of fixed assets -1,011,277.15 -1,011,277.15
Production biological assets
Oil-gas assets
Intangible assets 146,368,354.22 130,625,708.45 150,515,525.90 133,260,813.21
R & D expense
Goodwill
Long-term deferred expenses 60,881.71 0.00
Deferred income tax assets 14,135,161.18 10,084,602.65 14,135,161.18 10,084,602.65
Other non-current assets
5
Total non-current assets 1,526,091,326.38 1,414,433,596.61 1,457,807,339.28 1,305,999,981.91
Total assets 2,513,664,505.93 2,379,903,597.97 2,113,217,292.03 1,892,025,462.91
Current liabilities:
Short-term borrowings 406,472,438.19 379,500,000.00 101,186,235.61 10,000,000.00
Borrowings from central bank
Deposits received and held for
others
Call loan received
Trading financial liabilities
Notes payable 0.00 0.00
Accounts payable 124,855,797.35 96,032,351.42 104,313,009.97 77,890,791.49
Advances from customers 85,772,538.75 62,296,248.66 63,264,694.18 32,689,813.89
Financial assets sold under
agreements to repurchase
Handling charges and
commissions payable
Payroll payables 5,006,664.34 4,040,083.64 13,159,536.52 10,876,073.00
Taxes payable -10,176,341.01 9,223,491.85 -25,483,838.77 -12,702,756.69
Interest payables
Dividend payables 349,463.30 349,463.30 349,463.30 349,463.30
Other payables 62,227,870.60 41,363,474.44 32,314,989.04 25,112,456.35
Accounts due to reinsurance
Insurance contract reserves
Trusted trading of securities
Trusted selling of securities
Non-current liabilities due
117,000,000.00 117,000,000.00 200,000,000.00 200,000,000.00
within 1 year
Other current liabilities 0.00
Total current liabilities 791,508,431.52 709,805,113.31 489,104,089.85 344,215,841.34
Non-current liabilities
Long-term borrowings 547,560,000.00 547,560,000.00 459,560,000.00 459,560,000.00
Bonds payable 0.00 0.00 0.00
Long-term payables 16,490,000.00 7,640,000.00 7,640,000.00 7,640,000.00
Special payables 0.00 0.00
Estimated liabilities 0.00 0.00
Deferred tax liabilities 0.00 0.00
Other non-current liabilities 8,985,792.09 8,168,888.89 10,388,566.16 8,168,888.89
Total non-current liabilities 573,035,792.09 563,368,888.89 477,588,566.16 475,368,888.89
Total liabilities 1,364,544,223.61 1,273,174,002.20 966,692,656.01 819,584,730.23
6
Owners’equity (or shareholders’
equity)
Paid-in capital (or share capital) 593,923,220.00 593,923,220.00 593,923,220.00 593,923,220.00
Capital surplus 265,069,729.93 263,799,837.18 300,991,478.35 268,447,075.77
Less: treasury stock 0.00
Specific reserves 18,103,224.52 11,571,950.12 14,502,682.06 7,566,658.23
Surplus reserves 74,787,056.27 74,787,056.27 74,787,056.27 74,787,056.27
General risk provision
Retained earnings 187,700,933.49 162,647,532.20 149,842,732.47 127,716,722.41
Foreign exchange difference
Total owners’ equity
1,139,584,164.21 1,106,729,595.77 1,134,047,169.15 1,072,440,732.68
attributable to the Company
Minority interest 9,536,118.11 0.00 12,477,466.87
Total owner’s equity 1,149,120,282.32 1,106,729,595.77 1,146,524,636.02 1,072,440,732.68
Total liabilities & owner’s equity 2,513,664,505.93 2,379,903,597.97 2,113,217,292.03 1,892,025,462.91
4.2 Income Statement for Jul.-Sept. 2011
Prepared by Hubei Sanonda Co., Ltd. Jul.-Sept. 2011 Unit: RMB Yuan
Jul.-Sept. 2011 Jul.-Sept. 2010
Items
Consolidation The Company Consolidation The Company
I. Total operation revenue 469,771,678.07 398,366,551.82 397,545,395.33 301,393,561.22
Including: sales revenue 469,771,678.07 398,366,551.82 397,545,395.33 301,393,561.22
Interest income 0.00 0.00 0.00 0.00
Premium income 0.00 0.00 0.00 0.00
Handling charges and
0.00 0.00 0.00 0.00
commission income
II. Total operation cost 451,779,755.28 380,773,811.07 392,714,467.54 299,269,598.80
Including: cost of sales 394,395,404.17 338,041,558.93 347,691,756.04 265,051,536.21
Interest expenses 0.00 0.00 0.00 0.00
Handling charges and
0.00 0.00 0.00 0.00
commission expenses
Insurance discharge
0.00 0.00 0.00 0.00
payment
Claim expenses-net 0.00 0.00 0.00 0.00
Provision for insurance
0.00 0.00 0.00 0.00
contract reserve-net
Insurance policy dividends
0.00 0.00 0.00 0.00
paid
Reinsurance expenses 0.00 0.00 0.00 0.00
Business taxes and
199,605.30 43,234.14 190,082.69 12,426.94
surcharges
Selling expenses 20,631,632.57 12,715,798.97 15,638,039.67 11,168,033.90
Administrative expenses 22,429,491.46 17,553,763.04 20,727,492.99 15,008,968.04
Financial expenses 13,711,565.69 12,835,986.81 9,490,417.98 8,028,633.71
Impairment loss 412,056.09 -416,530.82 -1,023,321.83 0.00
7
Add: gain/loss from changes in
0.00 0.00 0.00 0.00
fair value (“-” for loss)
Gain/loss from investment
0.00 0.00 0.00 0.00
(“-” for loss)
Including: investment
gain from associates and joint 0.00 0.00 0.00 0.00
ventures
Gain/loss from foreign
exchange difference (“-” for 0.00 0.00 0.00 0.00
loss)
III. Operation profit (“-” for
17,991,922.79 17,592,740.75 4,830,927.79 2,123,962.42
loss)
Add: non-operating incomes 1,496,962.09 38,282.18 326,473.30 43,138.00
Less: non-operating expenses 229,517.23 0.00 356,554.62 11,685.00
Including: loss from disposal
0.00 0.00 0.00 0.00
of non-current assets
IV. Total profit (“-” for total
19,259,367.65 17,631,022.93 4,800,846.47 2,155,415.42
loss)
Less: income tax expenses 2,378,246.42 1,615,101.61 1,145,438.49 538,853.85
V. Net profit “-” for total loss) 16,881,121.23 16,015,921.32 3,655,407.98 1,616,561.57
Attributable to owners of the
16,549,367.79 16,015,921.32 3,600,268.58 1,616,561.57
Company
Minority interest 331,753.44 0.00 55,139.40 0.00
VI. Earnings per share
(I) Basic EPS 0.0278 0.00 0.0061 0.00
(II) Diluted EPS 0.0278 0.00 0.0061 0.00
Ⅶ. Other composite income 0.00 0.00 0.00 0.00
Ⅷ. Total composite income 16,881,121.23 16,015,921.32 3,655,407.98 1,616,561.57
Attributable to owners of the
16,549,367.79 16,015,921.32 3,600,268.58 1,616,561.57
Company
Attributable to minority
331,753.44 0.00 55,139.40 0.00
shareholders
Where there were business combinations under the same control in this reporting period,
the combined parties achieved net profit of RMB 0.00 before the combinations.
4.3 Income statement for Jan.-Sept. 2011
Prepared by Hubei Sanonda Co., Ltd. Jan.-Sept. 2011 Unit: RMB Yuan
Jan.-Sept. 2011 Jan.-Sept. 2010
Items
Consolidation The Company Consolidation The Company
I. Total operation revenue 1,487,094,408.28 1,259,165,708.53 1,193,813,565.71 893,250,200.22
Including: sales revenue 1,487,094,408.28 1,259,165,708.53 1,193,813,565.71 893,250,200.22
Interest income 0.00 0.00
Premium income 0.00 0.00
Handing charges and
0.00 0.00
commission income
II. Total operation cost 1,437,018,625.34 1,213,290,477.05 1,168,361,494.91 872,959,607.26
Including: cost of sales 1,246,184,000.01 1,065,499,579.58 1,028,061,805.10 772,977,391.93
Interest expenses 0.00 0.00
Handling charges and
0.00 0.00
commission expenses
8
Insurance discharge
0.00 0.00
payment
Claim expenses-net 0.00 0.00
Provision for insurance
0.00 0.00
contract reserve-net
Insurance policy dividends
0.00 0.00
paid
Reinsurance expenses 0.00 0.00
Business taxes and
861,578.80 239,450.04 1,334,547.69 725,629.33
surcharges
Distribution expenses 59,897,284.07 38,378,757.40 42,285,757.77 27,450,949.99
Administrative expenses 67,080,505.89 50,053,548.23 53,282,250.73 33,627,906.87
Financial expenses 50,092,314.84 47,715,057.15 33,981,044.80 31,339,638.02
Impairment loss 12,902,941.73 11,404,084.65 9,416,088.82 6,838,091.12
Add: gain/loss from changes in
0.00 0.00
fair value (“-” for loss)
Gain/loss from investment
0.00 650,000.00 0.00 3,275,227.72
(“-” for loss)
Including: investment
gain from associates and joint 0.00 0.00
ventures
Gain/loss from foreign
exchange difference (“-” for 0.00 0.00
loss)
III. Operation profit (“-” for
50,075,782.94 46,525,231.48 25,452,070.80 23,565,820.68
loss)
Add: non-operating incomes 1,537,113.52 66,197.57 1,172,872.00 470,540.03
Less: non-operating expenses 698,628.40 17,016.00 930,860.68 41,890.25
Including: loss from disposal
0.00 0.00
of non-current assets
IV. Total profit (“-” for total
50,914,268.06 46,574,413.05 25,694,082.12 23,994,470.46
loss)
Less: income tax expenses 13,716,602.80 11,643,603.26 10,135,025.56 7,568,739.14
V. Net profit “-” for total loss) 37,197,665.26 34,930,809.79 15,559,056.56 16,425,731.32
Attributable to owners of the
36,188,457.43 34,930,809.79 15,982,306.71 16,425,731.32
Company
Minority interest 1,009,207.83 0.00 -423,250.15 0.00
VI. Earnings per share
(I) Basic EPS 0.0609 0.0269 0.00
(II) Diluted EPS 0.0609 0.0269 0.00
Ⅶ. Other composite income 0.00 0.00
Ⅷ. Total composite income 37,197,665.26 34,930,809.79 15,559,056.56 16,425,731.32
Attributable to owners of the
36,188,457.43 34,930,809.79 15,982,306.71 16,425,731.32
Company
Attributable to minority
1,009,207.83 0.00 -423,250.15 0.00
shareholders
Where there were business combinations under the same control from the year-begin to
the period-end, the combined parties achieved net profit of RMB -10,395.14 before the
combinations.
4.4 Cash flow statement for Jan.-Sept. 2011
9
Prepared by Hubei Sanonda Co., Ltd. Jan.-Sept. 2011 Unit: RMB Yuan
Jan.-Sept. 2011 Jan.-Sept. 2010
Items
Consolidation The Company Consolidation The Company
I. Cash flows from operating
activities
Cash received from sales of
1,385,464,182.19 1,144,294,474.81 981,222,159.69 719,759,220.81
goods or rendering of services
Net increase of deposits
received from and held for 0.00
customers
Net increase of borrowings
0.00
from central bank
Net increase of inter-bank
loans from other financial 0.00
institutions
Cash received against
0.00
original insurance contract
Net Cash received from
0.00
reinsurance
Net increase of client
0.00
deposits and investments
Net increase in disposal of
0.00
transaction financial assets
Interests, handling charges
0.00
and commission received
Net increase of call loan 0.00
Net increase of cash received
0.00
under repurchasing
Tax and fare refunded 63,643,094.84 53,937,733.63 34,764,433.34 27,913,224.94
Other cash received from
36,838,112.62 11,412,205.47 62,893,526.36 16,729,892.70
operating activities
Sub-total of cash inflow
1,485,945,389.65 1,209,644,413.91 1,078,880,119.39 764,402,338.45
from operating activities
Cash paid for goods and
1,154,295,593.27 951,703,076.42 930,867,793.52 711,652,585.33
services
Net increase of loans and
0.00
advances from customers
Net increase of deposits in
central bank, banks and other 0.00
financial institutions
Cash paid for original
0.00
contract claim
Cash paid for interests,
handling charges and 0.00
commissions
Cash paid for policy
0.00
dividends
Cash paid to and for
80,167,357.17 64,635,897.51 73,359,658.47 58,501,802.78
employees
Taxes and fares paid 22,572,299.03 14,624,800.63 21,421,077.03 14,018,583.30
Other cash paid relating to
114,230,931.49 177,794,545.97 101,649,070.95 52,650,011.32
operating activities
Sub-total of cash outflows
1,371,266,180.96 1,208,758,320.53 1,127,297,599.97 836,822,982.73
from operating activities
Net cash flow from 114,679,208.69 886,093.38 -48,417,480.58 -72,420,644.28
10
operating activities
II. Cash Flows from investing
activities
Cash received from
0.00
investment retractions
Cash received from
0.00
investment income
Net cash received from
disposal of fixed assets, intangible 1,648,417.17 1,317,064.50 116,800.87 68,984.87
assets and other long-term assets
Net cash received from
disposal of subsidiaries and other 10,000,000.00 10,000,000.00
operating units
Other cash received relating
271,130.27 238,473.04
to investing activities
Sub-total of cash inflows
1,648,417.17 1,317,064.50 10,387,931.14 10,307,457.91
of investing activities
Cash paid for acquiring fixed
assets, intangible assets and other 145,533,891.68 128,104,926.93 222,112,293.43 175,973,523.11
long-term assets
Cash paid for acquiring
26,017,144.00 26,017,144.00 0.00
investments
Net increase of pledge loans 0.00
Net cash paid for acquisition
of subsidiaries and other operating 0.00
units
Other cash paid relating to
86,244.59 87,738.59 1,269,105.44 318,396.94
investing activities
Sub-total of cash outflows
171,637,280.27 154,209,809.52 223,381,398.87 176,291,920.05
of investing activities
Net cash flow from
-169,988,863.10 -152,892,745.02 -212,993,467.73 -165,984,462.14
investing activities
III. Cash Flows from financing
activities:
Cash received from
0.00
absorbing investments
Including: Cash received
from minority shareholders of 0.00
subsidiaries
Cash received from
755,667,550.21 650,000,000.00 507,474,801.94 410,000,000.00
borrowings
Cash received from bonds
0.00
issuing
Other cash received relating
11,766,275.65 2,918,002.64 4,738,872.69 4,133,978.31
to financing activities
Sub-total of cash inflows
767,433,825.86 652,918,002.64 512,213,674.63 414,133,978.31
of financing activities
Cash paid for settling debts 445,381,347.63 275,500,000.00 247,834,030.84 193,000,000.00
Cash paid for distribution of
dividends or profits or 59,587,421.08 42,042,399.63 36,966,801.99 34,858,790.57
reimbursing interest
Including: dividends or
profits paid to minority 0.00
shareholders by subsidiaries
Other cash paid relating to
7,695,845.66 6,496,950.23 8,018,677.40 6,801,292.90
financing activities
Sub-total of cash outflows 512,664,614.37 324,039,349.86 292,819,510.23 234,660,083.47
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of financing activities
Net cash flows of
254,769,211.49 328,878,652.78 219,394,164.40 179,473,894.84
financing activities
IV. Effect of foreign exchange
0.00
rate on cash and cash equivalents
V. Net decrease in cash and cash
199,459,557.08 176,872,001.14 -42,016,783.91 -58,931,211.58
equivalents
Add : Opening cash and cash
207,943,720.75 141,059,742.96 528,798,449.86 424,584,953.40
equivalents
VI. Closing balance of cash and
407,403,277.83 317,931,744.10 486,781,665.95 365,653,741.82
cash equivalents
4.5 Auditor’s report
Audit opinion: Unaudited
Hubei Sanonda Co., Ltd.
Chairman:Li Zuorong
Oct.24,2011
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