Report for the Third Quarter of 2013 of Hubei Sanonda Co., Ltd.
Hubei Sanonda Co., Ltd.
Report for the Third Quarter of 2013
October 2013
1
Report for the Third Quarter of 2013 of Hubei Sanonda Co., Ltd.
SectionI.ImportantReminders
The Board of Directors, the Supervisory Committee as well as all directors, supervisors and senior
management staff of Hubei Sanonda Co., Ltd. (hereinafter referred to as “the Company”) warrant
that 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.
All directors attended the board session for reviewing this report.
Li Zuorong, company principal, and He Xuesong, chief of the accounting work and chief of the
accounting organ (chief of accounting), hereby confirm that the financial statements enclosed in this
report are factual, accurate and complete.
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 Third Quarter of 2013 of Hubei Sanonda Co., Ltd.
SectionII.FinancialHighlights&ChangeofShareholders
I. Major accounting data and financial indexes
Does the Company adjust retrospectively or restate accounting data of previous years due to change of the
accounting policy or correction of any accounting error?
□ Yes √ No
30 Sept. 2013 31 Dec. 2012 Increase/decrease (%)
Total assets (RMB Yuan) 2,786,525,847.98 2,405,494,385.09 15.84%
Net assets attributable to
shareholders of the Company 1,417,662,735.85 1,255,536,761.52 12.91%
(RMB Yuan)
YoY increase/decrease YoY increase/decrease
Jul.-Sept. 2013 Jan.-Sept. 2013
(%) (%)
Operating revenues (RMB Yuan) 736,572,680.43 10.72% 2,256,260,997.65 26.61%
Net profit attributable to
shareholders of the Company 64,416,621.78 153.85% 191,887,146.03 288.73%
(RMB Yuan)
Net profit attributable to
shareholders of the Company after
64,977,195.51 159.23% 193,650,283.25 294.9%
extraordinary gains and losses
(RMB Yuan)
Net cash flows from operating
-- -- 583,998,657.80 84.39%
activities (RMB Yuan)
Basic EPS (RMB Yuan/share) 0.1085 154.1% 0.3231 288.81%
Diluted EPS (RMB Yuan/share) 0.1085 154.1% 0.3231 288.81%
Weighted average ROE (%) 4.54% 2.14% 14.2% 10.02%
Items and amounts of extraordinary gains and losses
√Applicable □Inapplicable
Unit: RMB Yuan
Item Amount as of Jan.-Sept. 2013 Note
Gains/losses on the disposal of non-current assets (including the
-1,082,782.48
offset part of asset impairment provisions)
Government grants recognized in the current period, except for
those acquired in the ordinary course of business or granted at
1,142,978.13
certain quotas or amounts according to the country’s unified
standards
Gain/loss on debt restructuring -152,001.61
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Report for the Third Quarter of 2013 of Hubei Sanonda Co., Ltd.
Other non-operating income and expenses other than the above -2,221,083.83
Less: Income tax effects -578,222.45
Minority interests effects (after tax) 28,469.88
Total -1,763,137.22 --
Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in
the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the
Public?Extraordinary Gains and Losses, or classifies any extraordinary gain/loss item mentioned in the said
explanatory announcement as a recurrent gain/loss item
□ Applicable √ Inapplicable
II. Total number of shareholders at the period-end and shares held by the top ten
shareholders
Unit: share
Total number of shareholders at the
64,592 shareholders, including 43,787 A-share holders
period-end
Shares held by the top ten shareholders
Number of the Pledged or frozen shares
Name of Nature of Shareholding Number of the
restricted shares
shareholder shareholder percentage (%) shares held Status of shares Number of shares
held
Sanonda Group State-owned legal
20.15% 119,687,202 - - -
Corporation person
Bank Of China－
Harvest Service
Value-added
Other 0.84% 4,999,953 - - -
Industry
Securities
Investment Fund
Guotai Junan
Foreign legal
Securities (Hong 0.79% 4,683,463 - - -
person
Kong) Limited
State-Owned
Assets
On behalf of the
Administration 0.7% 4,169,266 - - -
government
Bureau of Qichun
County
National Social
Security Fund Other 0.66% 3,947,022 - - -
Portfolio 107
ICBC－Soochow Other 0.65% 3,860,623 - - -
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Report for the Third Quarter of 2013 of Hubei Sanonda Co., Ltd.
Jiahe Advanced
Selected
Mixed-type
Open-ended
Securities
Investment Fund
Agricultural Bank
of China －
Soochow Value Other 0.61% 3,622,991 - - -
Growth Double
Power Stock Fund
China
Construction
Bank－China
Other 0.52% 3,075,364 - - -
International
Growth Pioneer
Stock Fund
CITIC Trust Co.,
Ltd.－Wudang Other 0.49% 2,889,048 - - -
Phase 17
ICBC－UBS
SDIC Core
Other 0.45% 2,690,516 - - -
Enterprise Stock
Fund
Shares held by the top ten non-restricted share holders
Type of shares
Name of shareholder Number of non-restricted shares held
Type Number
RMB ordinary
Sanonda Group Corporation 119,687,202 119,687,202
shares
Bank Of China－Harvest Service
RMB ordinary
Value-added Industry Securities 4,999,953 4,999,953
shares
Investment Fund
Domestically
Guotai Junan Securities (Hong
4,683,463 listed foreign 4,683,463
Kong) Limited
shares
State-Owned Assets Administration RMB ordinary
4,169,266 4,169,266
Bureau of Qichun County shares
National Social Security Fund RMB ordinary
3,947,022 3,947,022
Portfolio 107 shares
ICBC－Soochow Jiahe Advanced 3,860,623 RMB ordinary 3,860,623
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Report for the Third Quarter of 2013 of Hubei Sanonda Co., Ltd.
Selected Mixed-type Open-ended shares
Securities Investment Fund
Agricultural Bank of China －
RMB ordinary
Soochow Value Growth Double 3,622,991 3,622,991
shares
Power Stock Fund
China Construction Bank－China
RMB ordinary
International Growth Pioneer Stock 3,075,364 3,075,364
shares
Fund
CITIC Trust Co., Ltd.－Wudang RMB ordinary
2,889,048 2,889,048
Phase 17 shares
ICBC－UBS SDIC Core Enterprise RMB ordinary
2,690,516 2,690,516
Stock Fund shares
The controlling shareholder SANONDA GROUP CORPORATION and the other
Explanation on associated
shareholders above are not related parties or acting-in-concert parties as prescribed in the
relationship or/and persons acting in
Administrative Methods for Acquisition of Listed Companies. It is unknown whether the
concert among the above-mentioned
other shareholders above are related parties or acting-in-concert parties as prescribed in the
shareholders
Administrative Methods for Acquisition of Listed Companies.
Did any shareholder of the Company carry out an agreed buy-back in the reporting period?
□ Yes √ No
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Report for the Third Quarter of 2013 of Hubei Sanonda Co., Ltd.
SectionIII.SignificantEvents
I. Major changes of main accounting statement items and financial indicators in the reporting
period, as well as reasons for the changes
Increase
Financial statement 30 Sept. 31 Dec. Increase/de
/decreas Main reason for the change
item 2013 2012 crease (%)
e
Monetary funds 51,960 17,518 34,442 196.61% Increase of the sales income
Prepayments 5,879 3,751 2,128 56.73% Prepayments for raw materials increased.
Construction in process 24,694 12,126 12,568 103.65% New projects
Short-term borrowings 60,275 35,571 24,704 69.45% Capital needs in production increased.
Notes payable 10,000 0 10,000 Notes paid for raw materials
Payroll payable Expense payable such as the social security fee and
2,475 736 1,739 236.28% the performance salaries increased.
Taxes and fares payable 3,213 -1,911 5,124 268.13% The income tax to be paid increased.
Accounts received in Advances from customers increased.
advance 9,131 5,945 3,186 53.59%
Other payables 4,882 3,137 1,745 55.63% Unpaid selling expenses increased.
Non-current liabilities Some long-term borrowings due within one year were
due within one year 4,699 40,955 -36,256 -88.53% repaid.
Long-term borrowings 24,659 8,000 16,659 208.24% New loans
Increase
Financial statement Jan.-Sept. Jan.-Se Increase/de
/decreas Main reason for the change
item 2013 pt. 2012 crease (%)
e
Business taxes and Operating revenues increased.
surtaxes 260 92 168 182.61%
Non-operating expenses Negotiation transit interest expenses without recourse
429 98 331 337.76% increased.
Income tax expenses 6,684 2,150 4,534 210.88% Total profit increased.
Net profit attributable The sales income increased, as well as the gross profit
to owners of the rate of sales.
Company 19,189 4,936 14,253 288.73%
Net cash flows from The sales income increased.
operating activities 58,391 31,671 26,720 84.36%
Net cash flows from -20,125 -11,535 -8,590 - Fixed asset investments increased.
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Report for the Third Quarter of 2013 of Hubei Sanonda Co., Ltd.
investing activities
Net cash flows from Dividends paid and loans repaid increased.
financing activities -4,731 5,944 -10,675 -
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Report for the Third Quarter of 2013 of Hubei Sanonda Co., Ltd.
II. Progress and influence of significant events, as well as the analysis and explanation on
solutions
29 July 2013, the Company received a notification from China National Agrochemical Corporation, which said that, because it was
planning the significant events involved with the Company, the stocks would suspend from the opening of the stock market on 30
July 2013 after application. On 10 Sep. 2013, the Company disclosed Abstract of the B Shares Tender Offer Report of Hubei
Sanonda Co., Ltd., and the stocks of the Company resumed on the same day. On 11 Oct. 2013, the Company disclosed the full text of
the B Shares Tender Offer Report and its relevant documents. During the period, the Company immediately carried out the obligation
of information disclosure according to the relevant provisions.
Index to the relevant announcement
Overview of the significant event Date of disclosure
disclosed on the website
Announcement on the suspension owning
30 Jul. 2013 http://www.cninfo.com.cn
to significant events
Announcement on the continued
6 Aug. 2013 http://www.cninfo.com.cn
suspension owning to significant events
Announcement on the process of
13 Aug. 2013 http://www.cninfo.com.cn
significant events
Announcement on the process of
20 Aug. 2013 http://www.cninfo.com.cn
significant events
Announcement on the process of
27 Aug. 2013 http://www.cninfo.com.cn
significant events
Announcement on the process of
3 Sep. 2013 http://www.cninfo.com.cn
significant events
Abstract of the B Shares Tender Offer
10 Sep. 2013 http://www.cninfo.com.cn
Report
Announcement on the approval from the
CSRC to Celsius Property B.V.; indicative
10 Oct. 2013 http://www.cninfo.com.cn
announcement on the B Shares Tender
Offer Report
Full text of the B Shares Tender Offer
Report; Announcement on the shares
11 Oct. 2013 http://www.cninfo.com.cn
declaration of the B shares of Celsius
Property B.V.
III. Commitments made by the Company or shareholders holding over 5% of the Company’s
shares in the reporting period or such commitments carried down into the reporting period
□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
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Report for the Third Quarter of 2013 of Hubei Sanonda Co., Ltd.
Company
Suspension reason?
Telephone
30 Jul. 2013 The Company Individual Individual investor Relevant announcement
Communication
disclosed by the Company.
Suspension time? Relevant
Telephone
13 Aug. 2013 The Company Individual Individual investor announcement disclosed by
Communication
the Company.
When to carry out the
Telephone Tender Offer?
10 Sep. 2013 The Company Individual Individual investor
Communication Relevant announcement
disclosed by the Company.
10
Report for the Third Quarter of 2013 of Hubei Sanonda Co., Ltd.
SectionIV.FinancialStatements
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 519,596,015.69 175,181,365.77
Settlement reserves
Intra-group lendings
Transactional financial assets
Notes receivable 18,757,250.06 23,690,345.75
Accounts receivable 210,768,694.12 180,964,377.73
Accounts paid in advance 58,792,978.32 37,505,796.88
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract
reserves
Interest receivable
Dividend receivable
Other accounts receivable 22,541,709.73 18,815,365.79
Financial assets purchased under
agreements to resell
Inventories 312,742,313.90 366,759,772.17
Non-current assets due within 1 year
Other current assets
Total current assets 1,143,198,961.82 802,917,024.09
Non-current assets:
Loans by mandate and advances
granted
Available-for-sale financial assets
Held-to-maturity investments
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Report for the Third 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 4,274,612.50 4,394,812.50
Fixed assets 1,228,876,613.67 1,308,629,352.60
Construction in progress 246,942,014.20 121,263,645.49
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 138,396,706.27 143,904,010.68
R&D expense
Goodwill
Long-term deferred expenses
Deferred income tax assets 15,683,156.89 15,231,757.10
Other non-current assets
Total of non-current assets 1,643,326,886.16 1,602,577,361.00
Total assets 2,786,525,847.98 2,405,494,385.09
Current liabilities:
Short-term borrowings 602,747,564.73 355,708,601.70
Borrowings from Central Bank
Customer bank deposits and due to
banks and other financial institutions
Intra-group borrowings
Transactional financial liabilities
Notes payable 100,000,000.00 0.00
Accounts payable 159,158,627.15 198,994,327.26
Accounts received in advance 91,311,854.27 59,448,030.30
Financial assets sold for repurchase
Handling charges and commissions
payable
Employee’s compensation payable 24,753,316.05 7,364,901.89
Tax payable 32,131,390.65 -19,105,426.98
Interest payable
Dividend payable 250,000.00 349,463.30
Other accounts payable 48,824,483.82 31,369,677.77
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Report for the Third 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
46,990,000.00 409,550,000.00
year
Other current liabilities
Total current liabilities 1,106,167,236.67 1,043,679,575.24
Non-current liabilities:
Long-term borrowings 246,590,000.00 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 15,166,111.11 16,309,089.24
Total non-current liabilities 262,406,111.11 96,959,089.24
Total liabilities 1,368,573,347.78 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 263,166,205.19 266,090,773.02
Less: Treasury stock
Specific reserves 16,475,104.01 13,825,364.46
Surplus reserves 92,680,039.14 92,680,039.14
Provisions for general risks
Retained profits 451,418,167.51 289,017,364.90
Foreign exchange difference
Total equity attributable to owners of
1,417,662,735.85 1,255,536,761.52
the Company
Minority interests 289,764.35 9,318,959.09
Total owners’ (or shareholders’) equity 1,417,952,500.20 1,264,855,720.61
Total liabilities and owners’ (or
2,786,525,847.98 2,405,494,385.09
shareholders’) equity
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Report for the Third Quarter of 2013 of Hubei Sanonda Co., Ltd.
Legal representative: Li Zuorong Person-in-charge of the accounting work: He Xuesong
Chief of the accounting division: 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 434,101,613.32 149,485,252.01
Transactional financial assets
Notes receivable 18,757,250.06 23,690,345.75
Accounts receivable 173,335,235.94 165,720,133.59
Accounts paid in advance 57,871,346.82 26,871,248.52
Interest receivable
Dividend receivable
Other accounts receivable 147,885,286.20 146,640,832.38
Inventories 297,094,896.13 343,538,912.44
Non-current assets due within 1 year
Other current assets
Total current assets 1,129,045,628.47 855,946,724.69
Non-current assets:
Available-for-sale financial assets
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 64,680,418.04 83,320,011.36
Investing property 4,274,612.50 4,394,812.50
Fixed assets 1,159,856,610.33 1,228,280,759.41
Construction in progress 157,144,680.69 39,081,376.28
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 126,211,262.28 129,018,867.09
R&D expense
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Report for the Third Quarter of 2013 of Hubei Sanonda Co., Ltd.
Goodwill
Long-term deferred expenses
Deferred income tax assets 10,927,217.95 10,255,355.43
Other non-current assets
Total of non-current assets 1,523,094,801.79 1,494,351,182.07
Total assets 2,652,140,430.26 2,350,297,906.76
Current liabilities:
Short-term borrowings 513,000,000.00 324,750,000.00
Transactional financial liabilities
Notes payable 100,000,000.00 0.00
Accounts payable 138,164,827.03 191,385,928.88
Accounts received in advance 57,913,591.85 63,203,757.83
Employee’s compensation payable 24,732,721.43 3,910,205.00
Tax payable 45,952,605.96 -3,364,366.14
Interest payable
Dividend payable 250,000.00 349,463.30
Other accounts payable 46,899,963.90 25,718,709.48
Non-current liabilities due within 1
46,990,000.00 409,550,000.00
year
Other current liabilities
Total current liabilities 973,903,710.17 1,015,503,698.35
Non-current liabilities:
Long-term borrowings 246,590,000.00 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 6,316,111.11 6,860,000.00
Total non-current liabilities 253,556,111.11 87,510,000.00
Total liabilities 1,227,459,821.28 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
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Report for the Third Quarter of 2013 of Hubei Sanonda Co., Ltd.
Less: Treasury stock
Specific reserves 11,505,991.70 8,127,543.89
Surplus reserves 92,680,039.14 92,680,039.14
Provisions for general risks
Retained profits 462,771,520.96 288,753,568.20
Foreign exchange difference
Total owners’ (or shareholders’) equity 1,424,680,608.98 1,247,284,208.41
Total liabilities and owners’ (or
2,652,140,430.26 2,350,297,906.76
shareholders’) equity
Legal representative: Li Zuorong Person-in-charge of the accounting work: He Xuesong
Chief of the accounting division: He Xuesong
3. Consolidated income statement for the reporting period
Prepared by Hubei Sanonda Co., Ltd.
Unit: RMB Yuan
Item Jul.-Sept. 2013 Jul.-Sept. 2012
I. Total operating revenues 736,572,680.43 665,268,757.09
Including: Sales income 736,572,680.43 665,268,757.09
II. Total operating cost 650,956,887.09 630,162,773.90
Including: Cost of sales 565,057,007.81 553,267,177.44
Taxes and associate charges 1,546,251.15 433,283.73
Selling and distribution expenses 26,449,088.74 28,316,137.72
Administrative expenses 40,178,213.03 29,511,912.55
Financial expenses 15,677,925.94 21,743,721.92
Asset impairment loss 2,048,400.42 -3,109,459.46
Gain/(loss) from investment (“-”
2,402,566.32 0.00
means loss)
III. Business profit (“-” means loss) 88,018,359.66 35,105,983.19
Add: non-operating income 742,700.40 543,747.90
Less: non-operating expense 1,490,132.04 134,824.47
Including: loss from non-current asset
497,369.80 0.00
disposal
IV. Total profit (“-” means loss) 87,270,928.02 35,514,906.62
Less: Income tax expense 22,872,992.96 9,830,694.39
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Report for the Third Quarter of 2013 of Hubei Sanonda Co., Ltd.
V. Net profit (“-” means loss) 64,397,935.06 25,684,212.23
Attributable to owners of the
64,416,621.78 25,375,618.98
Company
Minority shareholders’ income -18,686.72 308,593.25
VI. Earnings per share -- --
(I) Basic earnings per share 0.1085 0.0427
(II) Diluted earnings per share 0.1085 0.0427
Ⅷ. Total comprehensive incomes 64,397,935.06 25,684,212.23
Attributable to owners of the
64,416,621.78 25,375,618.98
Company
Attributable to minority
-18,686.72 308,593.25
shareholders
Legal representative: Li Zuorong Person-in-charge of the accounting work: He Xuesong
Chief of the accounting division: He Xuesong
4. Income statement of the Company for the reporting perio
Prepared by Hubei Sanonda Co., Ltd.
Unit: RMB Yuan
Item Jul.-Sept. 2013 Jul.-Sept. 2012
I. Total sales 706,783,092.24 637,098,239.28
Less: cost of sales 540,539,808.98 532,557,709.62
Business taxes and surcharges 1,457,957.43 153,306.03
Distribution expenses 23,714,418.36 26,976,368.03
Administrative expenses 35,514,238.50 23,051,713.61
Financial costs 15,498,205.46 21,295,296.92
Impairment loss 1,714,541.86 -1,698,362.97
Gain/(loss) from investment (“-”
4,574,977.62
means loss)
II. Business profit (“-” means loss) 92,918,899.27 34,762,208.04
Add: non-business income 742,700.40 543,747.90
Less: non-business expense 1,077,139.02 62,217.49
Including: loss from non-current asset
88,241.32
disposal
III. Total profit (“-” means loss) 92,584,460.65 35,243,738.45
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Report for the Third Quarter of 2013 of Hubei Sanonda Co., Ltd.
Less: income tax expense 22,698,685.99 8,793,238.10
IV. Net profit (“-” means loss) 69,885,774.66 26,450,500.35
V. Earnings per share -- --
VI. Total comprehensive income 69,885,774.66 26,450,500.35
Legal representative: Li Zuorong Person-in-charge of the accounting work: He Xuesong
Chief of the accounting division: He Xuesong
5. Consolidated income statement for Jan.-Sept. 2013
Prepared by Hubei Sanonda Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2013 Jan.-Sept. 2012
I. Total operating revenues 2,256,260,997.65 1,782,024,034.16
Including: Sales income 2,256,260,997.65 1,782,024,034.16
Interest income
Premium income
Handling charge and
commission income
II. Total operating cost 2,000,685,942.77 1,710,783,265.68
Including: Cost of sales 1,775,928,846.79 1,509,828,349.49
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 2,602,233.84 919,610.03
Selling and distribution expenses 72,024,500.77 63,994,345.97
Administrative expenses 86,904,916.39 72,695,281.86
Financial expenses 55,889,480.92 53,740,115.89
Asset impairment loss 7,335,964.06 9,605,562.44
Add: Gain/(loss) from change in fair
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Report for the Third Quarter of 2013 of Hubei Sanonda Co., Ltd.
value (“-” means loss)
Gain/(loss) from investment (“-”
4,656,748.75
means loss)
Including: share of profits in associates
and joint ventures
Foreign exchange gains (“-” means
loss)
III. Business profit (“-” means loss) 260,231,803.63 71,240,768.48
Add: non-operating income 1,974,451.97 1,395,228.96
Less: non-operating expense 4,287,341.76 983,569.92
Including: loss from non-current asset
1,111,736.52 327,787.29
disposal
IV. Total profit (“-” means loss) 257,918,913.84 71,652,427.52
Less: Income tax expense 66,843,992.01 21,502,345.75
V. Net profit (“-” means loss) 191,074,921.83 50,150,081.77
Including: Net profit achieved by
combined parties before the
combinations
Attributable to owners of the
191,887,146.03 49,361,997.17
Company
Minority shareholders’ income -812,224.20 788,084.60
VI. Earnings per share -- --
(I) Basic earnings per share 0.3231 0.0831
(II) Diluted earnings per share 0.3231 0.0831
Ⅶ. Other comprehensive incomes
Ⅷ. Total comprehensive incomes 191,074,921.83 50,150,081.77
Attributable to owners of the
191,887,146.03 49,361,997.17
Company
Attributable to minority
-812,224.20 788,084.60
shareholders
Legal representative: Li Zuorong Person-in-charge of the accounting work: He Xuesong
Chief of the accounting division: He Xuesong
6. Income statement of the Company for Jan.-Sept. 2013
Prepared by Hubei Sanonda Co., Ltd.
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Report for the Third Quarter of 2013 of Hubei Sanonda Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2013 Jan.-Sept. 2012
I. Total sales 2,203,347,880.21 1,662,142,564.92
Less: cost of sales 1,744,838,783.58 1,419,473,803.80
Business taxes and surcharges 2,210,472.44 376,063.86
Distribution expenses 62,898,917.22 54,127,342.00
Administrative expenses 70,677,458.98 55,486,949.11
Financial costs 54,840,544.73 52,831,390.15
Impairment loss 3,642,835.26 7,542,666.16
Add: gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-” means
7,479,160.05 650,000.00
loss)
Including: income form investment on
associates and joint ventures
II. Business profit (“-” means loss) 271,718,028.05 72,954,349.84
Add: non-business income 1,375,362.73 1,395,228.96
Less: non-business expense 3,212,967.76 407,677.49
Including: loss from non-current asset
260,717.87 215,460.00
disposal
III. Total profit (“-” means loss) 269,880,423.02 73,941,901.31
Less: income tax expense 66,376,126.84 19,644,643.74
IV. Net profit (“-” means loss) 203,504,296.18 54,297,257.57
V. Earnings per share -- --
(I) Basic earnings per share
(II) Diluted earnings per share
VI. Other comprehensive income
VII. Total comprehensive income 203,504,296.18 54,297,257.57
Legal representative: Li Zuorong Person-in-charge of the accounting work: He Xuesong
Chief of the accounting division: He Xuesong
7. Consolidated cash flow statement for Jan.-Sept. 2013
Prepared by Hubei Sanonda Co., Ltd.
Unit: RMB Yuan
20
Report for the Third Quarter of 2013 of Hubei Sanonda Co., Ltd.
Item Jan.-Sept. 2013 Jan.-Sept. 2012
I. Cash flows from operating activities:
Cash received from sale of
1,913,594,741.51 1,576,684,833.56
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 44,321,349.09 22,510,639.31
Other cash received relating to
29,222,064.23 24,545,447.31
operating activities
Subtotal of cash inflows from operating
1,987,138,154.83 1,623,740,920.18
activities
Cash paid for goods and services 1,152,453,474.46 1,101,636,419.79
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
21
Report for the Third Quarter of 2013 of Hubei Sanonda Co., Ltd.
charges and commissions
Cash for paying policy dividends
Cash paid to and for employees 98,299,479.96 93,835,129.78
Various taxes paid 69,484,931.61 21,815,958.23
Other cash payment relating to
82,901,611.00 89,738,886.88
operating activities
Subtotal of cash outflows from
1,403,139,497.03 1,307,026,394.68
operating activities
Net cash flows from operating activities 583,998,657.80 316,714,525.50
II. Cash flows from investing activities:
Cash received from withdrawal of
investments
Cash received from return on
4,062,224.59
investments
Net cash received from disposal of
fixed assets, intangible assets and other 248,934.00 822,000.16
long-term assets
Net cash received from disposal of
3,581,762.75
subsidiaries or other business units
Other cash received relating to
investing activities
Subtotal of cash inflows from
7,892,921.34 822,000.16
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 209,143,279.84 116,171,486.38
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
209,143,279.84 116,171,486.38
investing activities
Net cash flows from investing activities -201,250,358.50 -115,349,486.22
III. Cash Flows from Financing
Activities:
Cash received from capital
22
Report for the Third Quarter of 2013 of Hubei Sanonda Co., Ltd.
contributions
Including: Cash received from
minority shareholder investments by
subsidiaries
Cash received from borrowings 1,099,579,666.32 731,463,596.41
Cash received from issuance of
bonds
Other cash received relating to
207,175.66
financing activities
Subtotal of cash inflows from financing
1,099,579,666.32 731,670,772.07
activities
Repayment of borrowings 1,048,510,703.29 599,466,912.36
Cash paid for interest expenses and
72,292,686.21 51,748,123.20
distribution of dividends or profit
Including: dividends or profit paid
350,000.00 350,000.00
by subsidiaries to minority shareholders
Other cash payments relating to
26,087,079.11 21,012,927.01
financing activities
Sub-total of cash outflows from
1,146,890,468.61 672,227,962.57
financing activities
Net cash flows from financing activities -47,310,802.29 59,442,809.50
IV. Effect of foreign exchange rate
-1,022,847.09 117,625.02
changes on cash and cash equivalents
V. Net increase in cash and cash
334,414,649.92 260,925,473.80
equivalents
Add: Opening balance of cash and
175,181,365.77 219,587,687.99
cash equivalents
VI. Closing balance of cash and cash
509,596,015.69 480,513,161.79
equivalents
Legal representative: Li Zuorong Person-in-charge of the accounting work: He Xuesong
Chief of the accounting division: He Xuesong
8. Cash flow statement of the Company for Jan.-Sept. 2013
Prepared by Hubei Sanonda Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2013 Jan.-Sept. 2012
23
Report for the Third Quarter of 2013 of Hubei Sanonda Co., Ltd.
I. Cash flows from operating activities:
Cash received from sale of
1,868,882,855.18 1,426,520,140.32
commodities and rendering of service
Tax refunds received 32,620,291.11 12,650,502.53
Other cash received relating to
18,758,181.28 24,531,371.63
operating activities
Subtotal of cash inflows from operating
1,920,261,327.57 1,463,702,014.48
activities
Cash paid for goods and services 1,136,426,024.17 988,325,474.98
Cash paid to and for employees 86,518,399.30 79,695,583.53
Various taxes paid 63,520,924.24 15,932,137.40
Other cash payment relating to
77,134,629.86 66,760,029.18
operating activities
Subtotal of cash outflows from
1,363,599,977.57 1,150,713,225.09
operating activities
Net cash flows from operating activities 556,661,350.00 312,988,789.39
II. Cash flows from investing activities:
Cash received from retraction of
investments
Cash received from return on
4,062,224.59
investments
Net cash received from disposal of
fixed assets, intangible assets and other 248,934.00 822,000.16
long-term assets
Net cash received from disposal of
21,287,258.78
subsidiaries or other business units
Other cash received relating to
investing activities
Subtotal of cash inflows from
25,598,417.37 822,000.16
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 206,332,355.45 112,145,874.52
assets
Cash paid for investment 5,906,730.00
Net cash paid to acquire subsidiaries
and other business units
Other cash payments relating to
1,000,000.00
investing activities
24
Report for the Third Quarter of 2013 of Hubei Sanonda Co., Ltd.
Subtotal of cash outflows from
212,239,085.45 113,145,874.52
investing activities
Net cash flows from investing activities -186,640,668.08 -112,323,874.36
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Cash received from borrowings 794,590,000.00 535,750,000.00
Cash received from issuance of
bonds
Other cash received relating to
financing activities
Subtotal of cash inflows from financing
794,590,000.00 535,750,000.00
activities
Repayment of borrowings 802,310,000.00 465,000,000.00
Cash paid for interest expenses and
68,758,770.68 42,793,575.66
distribution of dividends or profit
Other cash payments relating to
18,880,000.00 18,000,000.00
financing activities
Sub-total of cash outflows from
889,948,770.68 525,793,575.66
financing activities
Net cash flows from financing activities -95,358,770.68 9,956,424.34
IV. Effect of foreign exchange rate
-45,549.93 -64.22
changes on cash and cash equivalents
V. Net increase in cash and cash
274,616,361.31 210,621,275.15
equivalents
Add: Opening balance of cash and
149,485,252.01 178,056,420.12
cash equivalents
VI. Closing balance of cash and cash
424,101,613.32 388,677,695.27
equivalents
Legal representative: Li Zuorong Person-in-charge of the accounting work: He Xuesong
Chief of the accounting division: He Xuesong
II. Audit report
Is this report audited?
□ Yes √ No
25
Report for the Third Quarter of 2013 of Hubei Sanonda Co., Ltd.
This report is not audited.
26