Report for the First Quarter of 2013 of Hubei Sanonda Co., Ltd.
HUBEI SANONDA CO., LTD.
REPORT FOR THE FIRST QUARTER OF 2013
April 2013
1
Report for the First Quarter of 2013 of Hubei Sanonda Co., Ltd.
Section I. Important Reminders
The Board of Directors, the Supervisory Committee, directors, supervisors and senior management staff of Hubei
Sanonda Co., Ltd. (hereinafter referred to as “the Company”) warrant that the information carried in this report is
factual, accurate and complete, without any false record, misleading statement or material omission. And they
shall be jointly and severally liable for that.
Li Zuorong, company principal, He Xuesong, chief of the accounting work and concurrently chief of the
accounting organ (chief of accounting), hereby confirm that the financial statements enclosed in this report are
factual, accurate and complete.
All directors have attended the board session for reviewing this report.
This report is prepared in both Chinese and English. Should there be any discrepancy between the two versions,
the Chinese version shall prevail.
2
Report for the First Quarter of 2013 of Hubei Sanonda Co., Ltd.
Section II. Financial Highlights & Change of Shareholders
I. Financial highlights
Does the Company adjust retrospectively or restate any accounting data of previous years?
□Yes √No
Jan.-Mar. 2013 Jan.-Mar. 2012 +/- (%)
Operating revenues (RMB Yuan) 628,575,842.14 501,283,492.34 25.39%
Net profit attributable to shareholders of
37,506,826.11 14,030,342.75 167.33%
the Company (RMB Yuan)
Net profit attributable to shareholders of
the Company after extraordinary gains and 37,605,306.67 14,202,897.41 164.77%
losses (RMB Yuan)
Net cash flows from operating activities
65,245,967.68 -11,945,307.62 646.2%
(RMB Yuan)
Basic EPS (RMB Yuan/share) 0.0632 0.0236 167.8%
Diluted EPS (RMB Yuan/share) 0.0632 0.0236 167.8%
Weighted average ROE (%) 2.94% 1.2% 1.74%
31 Mar. 2013 31 Dec. 2012 +/- (%)
Total assets (RMB Yuan) 2,813,724,724.97 2,405,494,385.09 16.97%
Net assets attributable to shareholders of
1,293,013,202.71 1,255,536,761.52 2.98%
the Company (RMB Yuan)
Items and amounts of extraordinary gains and losses
√ Applicable □ Inapplicable
Unit: RMB Yuan
Item 1 Jan. 2013-31 Mar. 2013 Explanation
Gain/loss on the disposal of non-current assets (including the
28,954.04
offset part of the asset impairment provisions)
Gain/loss on debt restructuring -152,001.61
Non-operating income and expense other than the above -29,960.00
Income tax effects -38,251.89
Minority interests effects (after tax) -16,275.12
Total -98,480.56 --
II. Total number of shareholders at the period-end and shareholdings of top 10 shareholders
Unit: share
3
Report for the First Quarter of 2013 of Hubei Sanonda Co., Ltd.
Total number of shareholders at the
73,994
period-end
Shareholdings of top 10 shareholders
Number of Pledged or frozen shares
Name of Nature of Shareholding Total shares held
restricted shares
shareholder shareholder percentage (%) at the period-end Status of shares Number of shares
held
SANONDA
State-owned legal
GROUP 20.15% 119,687,202 0
person
CORPORATION
STATE-OWNED
ASSETS
ADMINISTRATI On behalf of the
0.7% 4,169,266 0
ON BUREAU state
OF QICHUN
COUNTY
BANK OF
CHINA－
Other 0.64% 3,806,058 0
CHINA
RETURN FUND
INDUSTRIAL &
COMMERCIAL
BANK OF
CHINA－
CHINA
Other 0.5% 2,979,891 0
UNIVERSAL
PRIVATE
ENTERPRISE
DYNAMIC
EQUITY FUND
INDUSTRIAL
BANK CO.,
LTD.－
LOMBARDA Other 0.48% 2,829,887 0
CHINA NEW
TREND SROCK
FUND (LOF)
Domestic natural
CAO RAN 0.43% 2,558,350 0
person
JINGZHOU Domestic
SHASHI non-state-owned 0.42% 2,500,000 0
DISTRICT corporation
4
Report for the First Quarter of 2013 of Hubei Sanonda Co., Ltd.
UNION RURAL
CREDIT
COOPERATION
LIU Domestic natural
0.33% 1,981,800 0
GUOCHENG person
BANK OF
CHINA－
CHINA Other 0.33% 1,948,200 0
RETURN FUND
2
BANK OF
CHINA－
CHINA
INDUSTRY Other 0.3% 1,799,948 0
SELECTED
STOCK FUND
(LOF)
Shareholdings of top 10 non-restricted shareholders
Variety of shares
Name of shareholder Number of non-restricted shares held
Variety Number
SANONDA GROUP RMB ordinary
119,687,202 119,687,202
CORPORATION shares
STATE-OWNED ASSETS
RMB ordinary
ADMINISTRATION BUREAU OF 4,169,266 4,169,266
shares
QICHUN COUNTY
BANK OF CHINA－CHINA RMB ordinary
3,806,058 3,806,058
RETURN FUND shares
INDUSTRIAL & COMMERCIAL
BANK OF CHINA－CHINA
RMB ordinary
UNIVERSAL PRIVATE 2,979,891 2,979,891
shares
ENTERPRISE DYNAMIC
EQUITY FUND
INDUSTRIAL BANK CO., LTD.－
RMB ordinary
LOMBARDA CHINA NEW 2,829,887 2,829,887
shares
TREND SROCK FUND (LOF)
RMB ordinary
CAO RAN 2,558,350 2,558,350
shares
JINGZHOU SHASHI DISTRICT
RMB ordinary
UNION RURAL CREDIT 2,500,000 2,500,000
shares
COOPERATION
5
Report for the First Quarter of 2013 of Hubei Sanonda Co., Ltd.
Domestically
LIU GUOCHENG 1,981,800 listed foreign 1,981,800
shares
BANK OF CHINA－CHINA RMB ordinary
1,948,200 1,948,200
RETURN FUND 2 shares
BANK OF CHINA－CHINA
RMB ordinary
INDUSTRY SELECTED STOCK 1,799,948 1,799,948
shares
FUND (LOF)
There was no associated relationship between SANONDA GROUP CORPORATION and the
Explanation on associated
above mentioned other shareholders, and they weren’t the persons acting in concert regarding
relationship or persons acting in
to Administrative Measures on Acquisition of Listed Companies. Apart from this, it is
concert among the above-mentioned
unknown whether the shareholders above are related parties or acting-in-concert parties as
shareholders
prescribed in the Administrative Measures on Acquisition of Listed Companies.
6
Report for the First Quarter of 2013 of Hubei Sanonda Co., Ltd.
Section III. Significant Events
I. Significant changes of the major accounting statement items and financial indicators for the
reporting period, as well as the reasons for these changes
Amount at
the end of
the Amount at the
reporting year-begin
period （RMB 0’000）
Item of financial
（RMB +/- (%) Main reason for the change
statements
0’000）
（Amount
（Amount in the
in the
same period of
reporting
last year）
period）
Monetary funds 45,398 17,518 159.15% Increase of the collection of sales payment and short-term loans in the
reporting period.
Notes receivable 5,064 2,369 113.75% Increase of sales volume in the reporting period.
Accounts 27,034 18,096 49.39% Increase of sales volume in the reporting period.
receivable
Prepayment 6,467 3,751 72.43% Increase of prepayment for raw materials in the reporting period.
Short-term loans 77,884 35,571 118.95% Increase of needs for production technical renovation funds in the reporting
period.
Notes payable 4,000 0 Newly increase of notes in the reporting period.
Accounts received 12,191 5,945 105.08% Increase of goods payment received in advance from the customers in the
in advance reporting period.
Taxes payable -51 -1,911 97.31% Provision for enterprise income taxes in the reporting period.
Employee’s 1,122 736 52.33% Provision for five insurances & public accumulation fund for housing
payroll payable construction in the reporting period.
Other accounts 4,165 3,137 32.76% Increase of to-be-paid export charges in the reporting period.
payable
Non-current 23,699 40,955 -42.13% Partial long-term borrowings due within one year were paid in the reporting
liabilities due period.
within one year
Selling expenses 2,119 1,367 54.96% In the reporting period, the revenue of sales increased when compared with
the same period of last year, causing the transportation charges increased
when compared with the same period of last year.
Assets impairment 419 -38 1214.80% The accounts receivable increased in the reporting period, which caused the
7
Report for the First Quarter of 2013 of Hubei Sanonda Co., Ltd.
losses provision for impairment of bad debts increased when compared with the
same period of last year.
Income taxes 1,375 563 144.28% In the reporting period, the total profits increased when compared with the
expenses same period of last year, which caused the income taxes expenses increased
when compared with the same period of last year.
Net profits 3,751 1,403 167.33% In the reporting period, the sales volume and gross profits increased when
attributable to compared with the same period of last year.
owners of the
Company
II. Progress of significant events and analysis & explanations on their influence and solutions
During the reporting period, the Company’s project on construction of 300,000 tons/year ionic membrane caustic
soda has been approved by the superior authority, now it is under the preliminary design for the project.
Website index for the disclosed relevant
Overview of the significant event Date of disclosure
interim report
III. Predict the operating results of Jan.-Jun. 2013
Warning of possible loss or considerable YoY change of the accumulated net profit made during the period-begin
to the end of the next reporting period according to prediction, as well as explanations on the reasons:
□Applicable √Inapplicable
IV. Researches, visits and interviews received in the reporting period
Main discussion and
Time of reception Place of reception Way of reception Visitor type Visitor materials provided by the
Company
1. The content of main
discussion was the routine
production & operation
situation of the Company;
Changjiang
27 Mar. 2013 Jingzhou Field research Institution 2. The materials provided
Securities
by the Company were
mainly the periodical
reports and other disclosed
information.
1. The content of main
discussion was the routine
production & operation
28 Mar. 2013 Jingzhou Field research Institution Galaxy AMC
situation of the Company;
2. The materials provided
by the Company were
8
Report for the First Quarter of 2013 of Hubei Sanonda Co., Ltd.
mainly the periodical
reports and other disclosed
information.
9
Report for the First Quarter of 2013 of Hubei Sanonda Co., Ltd.
Section IV. Financial Statements
I. Financial statements
1. Consolidated balance sheet
Prepared by Hubei Sanonda Co., Ltd.
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 453,983,161.84 175,181,365.77
Settlement reserves
Intra-group lendings
Transactional financial assets
Notes receivable 50,637,209.33 23,690,345.75
Accounts receivable 270,338,116.20 180,964,377.73
Accounts paid in advance 64,670,198.34 37,505,796.88
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract
reserves
Interest receivable
Dividend receivable
Other accounts receivable 19,802,279.70 18,815,365.79
Financial assets purchased under
agreements to resell
Inventories 378,535,071.16 366,759,772.17
Non-current assets due within 1 year
Other current assets
Total current assets 1,237,966,036.57 802,917,024.09
Non-current assets:
Loans by mandate and advances
granted
Available-for-sale financial assets
Held-to-maturity investments
10
Report for the First Quarter of 2013 of Hubei Sanonda Co., Ltd.
Long-term accounts receivable
Long-term equity investment 9,153,782.63 9,153,782.63
Investing property 4,394,812.50 4,394,812.50
Fixed assets 1,270,874,988.74 1,308,629,352.60
Construction in progress 132,173,645.86 121,263,645.49
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 142,882,641.96 143,904,010.68
R&D expense
Goodwill
Long-term deferred expenses
Deferred income tax assets 16,278,816.71 15,231,757.10
Other non-current assets
Total of non-current assets 1,575,758,688.40 1,602,577,361.00
Total assets 2,813,724,724.97 2,405,494,385.09
Current liabilities:
Short-term borrowings 778,836,128.43 355,708,601.70
Borrowings from Central Bank
Customer bank deposits and due to
banks and other financial institutions
Intra-group borrowings
Transactional financial liabilities
Notes payable 40,000,000.00
Accounts payable 174,621,457.02 198,994,327.26
Accounts received in advance 121,914,835.27 59,448,030.30
Financial assets sold for repurchase
Handling charges and commissions
payable
Employee’s compensation payable 11,218,650.05 7,364,901.89
Tax payable -513,009.80 -19,105,426.98
Interest payable
Dividend payable 349,463.30 349,463.30
Other accounts payable 41,645,129.55 31,369,677.77
11
Report for the First Quarter of 2013 of Hubei Sanonda Co., Ltd.
Reinsurance premiums payable
Insurance contract reserves
Payables for acting trading of
securities
Payables for acting underwriting of
securities
Non-current liabilities due within 1
236,990,000.00 409,550,000.00
year
Other current liabilities
Total current liabilities 1,405,062,653.82 1,043,679,575.24
Non-current liabilities:
Long-term borrowings 90,000,000.00 80,000,000.00
Bonds payable
Long-term payables 650,000.00 650,000.00
Specific payables
Estimated liabilities
Deferred income tax liabilities
Other non-current liabilities 15,710,000.00 16,309,089.24
Total non-current liabilities 106,360,000.00 96,959,089.24
Total liabilities 1,511,422,653.82 1,140,638,664.48
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 593,923,220.00 593,923,220.00
Capital reserves 266,090,773.02 266,090,773.02
Less: Treasury stock
Specific reserves 13,794,979.54 13,825,364.46
Surplus reserves 92,680,039.14 92,680,039.14
Provisions for general risks
Retained profits 326,524,191.01 289,017,364.90
Foreign exchange difference
Total equity attributable to owners of
1,293,013,202.71 1,255,536,761.52
the Company
Minority interests 9,288,868.44 9,318,959.09
Total owners’ (or shareholders’) equity 1,302,302,071.15 1,264,855,720.61
Total liabilities and owners’ (or
2,813,724,724.97 2,405,494,385.09
shareholders’) equity
12
Report for the First Quarter of 2013 of Hubei Sanonda Co., Ltd.
Legal representative: Li Zuorong Chief of the accounting work: He Xuesong Chief of the accounting organ: He Xuesong
2. Balance sheet of the Company
Prepared by Hubei Sanonda Co., Ltd.
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 376,604,977.15 149,485,252.01
Transactional financial assets
Notes receivable 48,637,209.33 23,690,345.75
Accounts receivable 220,107,983.97 165,720,133.59
Accounts paid in advance 57,261,104.28 26,871,248.52
Interest receivable
Dividend receivable 650,000.00
Other accounts receivable 153,116,906.48 146,640,832.38
Inventories 357,367,576.16 343,538,912.44
Non-current assets due within 1 year
Other current assets
Total current assets 1,213,745,757.37 855,946,724.69
Non-current assets:
Available-for-sale financial assets
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 83,320,011.36 83,320,011.36
Investing property 4,394,812.50 4,394,812.50
Fixed assets 1,192,284,693.86 1,228,280,759.41
Construction in progress 47,559,611.37 39,081,376.28
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 128,082,998.82 129,018,867.09
R&D expense
Goodwill
13
Report for the First Quarter of 2013 of Hubei Sanonda Co., Ltd.
Long-term deferred expenses
Deferred income tax assets 10,989,607.79 10,255,355.43
Other non-current assets
Total of non-current assets 1,466,631,735.70 1,494,351,182.07
Total assets 2,680,377,493.07 2,350,297,906.76
Current liabilities:
Short-term borrowings 682,750,000.00 324,750,000.00
Transactional financial liabilities
Notes payable 40,000,000.00
Accounts payable 167,381,115.69 191,385,928.88
Accounts received in advance 119,417,279.18 63,203,757.83
Employee’s compensation payable 10,358,657.11 3,910,205.00
Tax payable 10,645,175.73 -3,364,366.14
Interest payable
Dividend payable 349,463.30 349,463.30
Other accounts payable 27,771,550.34 25,718,709.48
Non-current liabilities due within 1
236,990,000.00 409,550,000.00
year
Other current liabilities
Total current liabilities 1,295,663,241.35 1,015,503,698.35
Non-current liabilities:
Long-term borrowings 90,000,000.00 80,000,000.00
Bonds payable
Long-term payables 650,000.00 650,000.00
Specific payables
Estimated liabilities
Deferred income tax liabilities
Other non-current liabilities 6,860,000.00 6,860,000.00
Total non-current liabilities 97,510,000.00 87,510,000.00
Total liabilities 1,393,173,241.35 1,103,013,698.35
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 593,923,220.00 593,923,220.00
Capital reserves 263,799,837.18 263,799,837.18
Less: Treasury stock
14
Report for the First Quarter of 2013 of Hubei Sanonda Co., Ltd.
Specific reserves 7,920,685.55 8,127,543.89
Surplus reserves 92,680,039.14 92,680,039.14
Provisions for general risks
Retained profits 328,880,469.85 288,753,568.20
Foreign exchange difference
Total owners’ (or shareholders’) equity 1,287,204,251.72 1,247,284,208.41
Total liabilities and owners’ (or
2,680,377,493.07 2,350,297,906.76
shareholders’) equity
Legal representative: Li Zuorong Chief of the accounting work: He Xuesong Chief of the accounting organ: He Xuesong
3. Consolidated income statement
Prepared by Hubei Sanonda Co., Ltd.
Unit: RMB Yuan
Item Jan.-Mar. 2013 Jan.-Mar. 2012
I. Total operating revenues 628,575,842.14 501,283,492.34
Including: Sales income 628,575,842.14 501,283,492.34
Interest income
Premium income
Handling charge and
commission income
II. Total operating cost 576,946,339.84 481,053,559.24
Including: Cost of sales 506,602,588.85 430,506,913.43
Interest expenses
Handling charge and
commission expenses
Surrenders
Net claims paid
Net amount withdrawn for the
insurance contract reserve
Expenditure on policy dividends
Reinsurance premium
Taxes and associate charges 402,044.79 165,454.85
Selling and distribution expenses 21,190,162.30 13,674,778.20
Administrative expenses 22,719,543.58 18,693,517.49
Financial expenses 21,843,761.07 18,388,588.93
15
Report for the First Quarter of 2013 of Hubei Sanonda Co., Ltd.
Asset impairment loss 4,188,239.25 -375,693.66
Add: Gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-”
means loss)
Including: share of profits in associates
and joint ventures
Foreign exchange gains (“-” means
loss)
III. Business profit (“-” means loss) 51,629,502.30 20,229,933.10
Add: non-operating income 63,994.04 214,065.01
Less: non-operating expense 217,001.61 385,145.24
Including: loss from non-current asset
disposal
IV. Total profit (“-” means loss) 51,476,494.73 20,058,852.87
Less: Income tax expense 13,747,521.88 5,627,801.00
V. Net profit (“-” means loss) 37,728,972.85 14,431,051.87
Including: Net profit achieved by
combined parties before the
combinations
Attributable to owners of the
37,506,826.11 14,030,342.75
Company
Minority shareholders’ income 222,146.74 400,709.12
VI. Earnings per share -- --
(I) Basic earnings per share 0.0632 0.0236
(II) Diluted earnings per share 0.0632 0.0236
Ⅶ. Other comprehensive incomes
Ⅷ. Total comprehensive incomes 37,728,972.85 14,431,051.87
Attributable to owners of the
37,506,826.11 14,030,342.75
Company
Attributable to minority
222,146.74 400,709.12
shareholders
Legal representative: Li Zuorong Chief of the accounting work: He Xuesong Chief of the accounting organ: He Xuesong
4. Income statement of the Company
Prepared by Hubei Sanonda Co., Ltd.
16
Report for the First Quarter of 2013 of Hubei Sanonda Co., Ltd.
Unit: RMB Yuan
Item Jan.-Mar. 2013 Jan.-Mar. 2012
I. Total sales 628,377,392.08 430,221,750.34
Less: cost of sales 514,509,248.40 410,866,122.52
Business taxes and surcharges 207,749.84 52,666.59
Distribution expenses 17,652,090.95 8,995,775.27
Administrative expenses 17,644,785.05 13,774,690.38
Financial costs 22,854,633.57 18,281,440.07
Impairment loss 2,937,009.44
Add: gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-” means
650,000.00 650,000.00
loss)
Including: income form investment on
associates and joint ventures
II. Business profit (“-” means loss) 53,221,874.83 20,005,627.82
Add: non-business income 63,994.04 214,065.01
Less: non-business expense 130,000.00
Including: loss from non-current asset
disposal
III. Total profit (“-” means loss) 53,285,868.87 20,089,692.83
Less: income tax expense 13,158,967.22 4,859,923.20
IV. Net profit (“-” means loss) 40,126,901.65 15,229,769.63
V. Earnings per share -- --
(I) Basic earnings per share 0.0676 0.0256
(II) Diluted earnings per share 0.0676 0.0256
VI. Other comprehensive income
VII. Total comprehensive income 40,126,901.65 15,229,769.63
Legal representative: Li Zuorong Chief of the accounting work: He Xuesong Chief of the accounting organ: He Xuesong
5. Consolidated cash flow statement
Prepared by Hubei Sanonda Co., Ltd.
Unit: RMB Yuan
Item Jan.-Mar. 2013 Jan.-Mar. 2012
I. Cash flows from operating activities:
17
Report for the First Quarter of 2013 of Hubei Sanonda Co., Ltd.
Cash received from sale of
461,866,937.23 442,474,827.67
commodities and rendering of service
Net increase of deposits from
customers and dues from banks
Net increase of loans from the central
bank
Net increase of funds borrowed from
other financial institutions
Cash received from premium of
original insurance contracts
Net cash received from reinsurance
business
Net increase of deposits of policy
holders and investment fund
Net increase of disposal of tradable
financial assets
Cash received from interest, handling
charges and commissions
Net increase of intra-group
borrowings
Net increase of funds in repurchase
business
Tax refunds received 12,188,773.44 332,537.15
Other cash received relating to
22,639,159.97 19,011,508.41
operating activities
Subtotal of cash inflows from operating
496,694,870.64 461,818,873.23
activities
Cash paid for goods and services 353,961,776.05 406,038,847.03
Net increase of customer lendings
and advances
Net increase of funds deposited in the
central bank and amount due from
banks
Cash for paying claims of the original
insurance contracts
Cash for paying interest, handling
charges and commissions
Cash for paying policy dividends
18
Report for the First Quarter of 2013 of Hubei Sanonda Co., Ltd.
Cash paid to and for employees 40,393,253.97 36,059,024.14
Various taxes paid 5,248,030.22 3,526,215.79
Other cash payment relating to
31,845,842.72 28,140,093.89
operating activities
Subtotal of cash outflows from
431,448,902.96 473,764,180.85
operating activities
Net cash flows from operating activities 65,245,967.68 -11,945,307.62
II. Cash flows from investing activities:
Cash received from withdrawal of
investments
Cash received from return on
investments
Net cash received from disposal of
fixed assets, intangible assets and other 30,000.00 12,000.00
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
investing activities
Subtotal of cash inflows from
30,000.00 12,000.00
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 32,929,759.71 34,836,648.44
assets
Cash paid for investment
Net increase of pledged loans
Net cash paid to acquire subsidiaries
and other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from
32,929,759.71 34,836,648.44
investing activities
Net cash flows from investing activities -32,899,759.71 -34,824,648.44
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Including: Cash received from
19
Report for the First Quarter of 2013 of Hubei Sanonda Co., Ltd.
minority shareholder investments by
subsidiaries
Cash received from borrowings 571,755,563.46 205,870,771.04
Cash received from issuance of
bonds
Other cash received relating to
51,311.94 44,277.17
financing activities
Subtotal of cash inflows from financing
571,806,875.40 205,915,048.21
activities
Repayment of borrowings 311,188,036.73 46,934,213.13
Cash paid for interest expenses and
14,163,250.57 16,865,864.50
distribution of dividends or profit
Including: dividends or profit paid
by subsidiaries to minority shareholders
Other cash payments relating to
229,502.32
financing activities
Sub-total of cash outflows from
325,351,287.30 64,029,579.95
financing activities
Net cash flows from financing activities 246,455,588.10 141,885,468.26
IV. Effect of foreign exchange rate
changes on cash and cash equivalents
V. Net increase in cash and cash
278,801,796.07 95,115,512.20
equivalents
Add: Opening balance of cash and
175,181,365.77 219,587,687.99
cash equivalents
VI. Closing balance of cash and cash
453,983,161.84 314,703,200.19
equivalents
Legal representative: Li Zuorong Chief of the accounting work: He Xuesong Chief of the accounting organ: He Xuesong
6. Cash flow statement of the Company
Prepared by Hubei Sanonda Co., Ltd.
Unit: RMB Yuan
Item Jan.-Mar. 2013 Jan.-Mar. 2012
I. Cash flows from operating activities:
Cash received from sale of
438,490,382.86 374,860,737.80
commodities and rendering of service
Tax refunds received 6,394,161.44
20
Report for the First Quarter of 2013 of Hubei Sanonda Co., Ltd.
Other cash received relating to
11,514,052.89 10,602,989.13
operating activities
Subtotal of cash inflows from operating
456,398,597.19 385,463,726.93
activities
Cash paid for goods and services 324,531,554.27 350,866,822.74
Cash paid to and for employees 33,866,593.96 31,210,809.97
Various taxes paid 2,706,248.66 2,005,145.47
Other cash payment relating to
18,048,258.77 34,048,505.08
operating activities
Subtotal of cash outflows from
379,152,655.66 418,131,283.26
operating activities
Net cash flows from operating activities 77,245,941.53 -32,667,556.33
II. Cash flows from investing activities:
Cash received from retraction of
investments
Cash received from return on
investments
Net cash received from disposal of
fixed assets, intangible assets and other 30,000.00 12,000.00
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
investing activities
Subtotal of cash inflows from
30,000.00 12,000.00
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 31,836,938.56 31,714,091.15
assets
Cash paid for investment
Net cash paid to acquire subsidiaries
and other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from
31,836,938.56 31,714,091.15
investing activities
Net cash flows from investing activities -31,806,938.56 -31,702,091.15
III. Cash Flows from Financing
21
Report for the First Quarter of 2013 of Hubei Sanonda Co., Ltd.
Activities:
Cash received from capital
contributions
Cash received from borrowings 468,000,000.00 186,000,000.00
Cash received from issuance of
bonds
Other cash received relating to
financing activities
Subtotal of cash inflows from financing
468,000,000.00 186,000,000.00
activities
Repayment of borrowings 272,560,000.00 31,500,000.00
Cash paid for interest expenses and
13,759,277.83 15,898,555.89
distribution of dividends or profit
Other cash payments relating to
financing activities
Sub-total of cash outflows from
286,319,277.83 47,398,555.89
financing activities
Net cash flows from financing activities 181,680,722.17 138,601,444.11
IV. Effect of foreign exchange rate
changes on cash and cash equivalents
V. Net increase in cash and cash
227,119,725.14 74,231,796.63
equivalents
Add: Opening balance of cash and
149,485,252.01 178,056,420.12
cash equivalents
VI. Closing balance of cash and cash
376,604,977.15 252,288,216.75
equivalents
Legal representative: Li Zuorong Chief of the accounting work: He Xuesong Chief of the accounting organ: He Xuesong
II. Audit report
Is this report audited?
□Yes √ No
22