Wafangdian Bearing Company Limited the Q3 Report for 2017
Wafangdian Bearing Company Limited
the Q3 Report for 2017
2017-46
October 2017
Chapter I. Important Prompts
The board of directors, board of supervisors, directors, supervisors and the top management guarantee there is no false
record, misleading statement or major omission in the report, and take responsibilities for the truth, accuracy and
completeness of the contents.
Besides the following directors, all the other directors attended the Board meeting and discussed the report.
Name Post Reasons Assignee name
Wan Shouyi Independent director Busy work Liu Yuping
The charger of company Mr. Meng Wei, financial controller Ms. Sun Najuan and the charger of accounting department
Mr. Wang Jiyuan made the statement: guarantee the truth, completeness of the financial report of the third quarter report.
Chapter II. Main financial dates and shareholder changes
2.1 Main accounting data and financial indicators
Unit: Yuan
+/-（％）compared between
2017.09.30 2016.12.31 the end of current period and
last year
Total assets(RMB) 3,368,772,988.61 3,553,947,227.09 -5.21%
Owners Equity Attributed to
Shareholders of Listed 1,378,331,607.49 1,379,337,925.55 -0.07%
Company(RMB)
2017.07-.09 +/-(%) to period 2017.01-.09 +/-(%) to period
Turnover(RMB) 484,963,005.25 -15.02% 1,620,463,580.58 -4.46%
Net profit attributable to shareholders of
386,046.39 3,019,681.94
the listed company(RMB)
Net profit attributable to the shareholders
of the
-5,518,330.61 -59.34% -7,080,584.92 -89.71%
listed company and after deducting of
non-recurring gain/loss(RMB)
Net Cash flow generated by business
-- -- -40,977,936.68 -313.58%
operation(RMB)
Basic earnings per share(Yuan/share) 0.0010 0.0080
Diluted earnings per share(Yuan/share) 0.0010 0.0080
Net assets yield (%) 0.03% 0.77% 0.22% 4.29%
Abnormal profit and loss items
√Applicable □Not applicable
Unit: Yuan
Abnormal profit and loss items 2017.01-2017.09
Profits and losses relating to disposal of fixed assets -10,614.25
Government grants recorded into profit or loss during current
4,890,166.91
period
Profits and losses relating to the debt restructure 1,697,754.73
Other non-business income and expenditures other than the above 4,701,345.34
1
Less: Influenced amount of income tax 1,178,385.87
Total 10,100,266.86
For the Companys non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on Information Disclosure
for Companies Offering their Securities to the Public–Non-recurring Gains and Losses and its non-recurring gain/loss items as
illustrated in the Explanatory Announcement No.1 on Information Disclosure for Companies Offering their Securities to the
Public–Non-recurring Gains and Losses which have been defined as recurring gains and losses, it is necessary to explain the
reason.
□Applicable √Inapplicable
2.2. The statement of total number of shareholders and the first 10 shareholders of current shares in
the end of the report period
Unit: Share
Total number of shareholder at the end of
6,875
report period
The situation of the first 10 shareholders of current shares
Total shares Non-current Impawned or Frozen Shares
Name Nature Ratio（%）
held shares held Status Amount
Wafangdian Bearing State-owned
60.61% 244,000,000 244,000,000
Group Corporation shareholder
Foreign
AKTIEBOLAGET SKF 19.70% 79,300,000
shareholder
BOCI SECURITIES Foreign
1.37% 5,516,953
LIMITED shareholder
Domestic
Huang Junyue 1.18% 4,768,300
shareholder
Domestic
Hu Xiaofeng 0.47% 1,879,277
shareholder
Domestic
Jin Yunhua 0.33% 1,311,256
shareholder
GUOTAI JUNAN
Foreign
SECURITIES(HONGK 0.29% 1,184,900
shareholder
ONG) LIMITED
Domestic
Zhou Jie 0.25% 1,002,100
shareholder
MAN,KWAI Foreign private
0.18% 713,101
WING文贵荣 shareholder
Domestic
Ma Yuancheng 0.15% 596,966
shareholder
The situation of the first 10 shareholders of current shares
Category of Shares
Name Current shares held at end of year (Note 4)
Categories Amount
AKTIEBOLAGET SKF 79,300,000 B 79,300,000
BOCI SECURITIES LIMITED 5,516,953 B 5,516,953
Huang Junyue 4,768,300 B 4,768,300
Hu Xiaofeng 1,879,277 B 1,879,277
Jin Yunhua 1,311,256 B 1,311,256
GUOTAI JUNAN
1,184,900 B 1,184,900
SECURITIES(HONGKONG) LIMITED
Zhou Jie 1,002,100 B 1,049,915
MAN,KWAI WING文贵荣 713,101 B 713,101
Ma Yuancheng 596,966 B 596,966
Zhou Junlin 547,801 B 547,801
Notes to relationship or “action in There was no relationship and consistent activities between the first big shareholder and other
2
concert”among the top ten shareholders. shareholders or the top ten common stock holders; The relationship among other shareholders,
top ten circulation shareholders, top ten circulation shareholders and other shareholders was
not clear.
Whether the top ten shareholders with common stock and top ten shareholders with unlimited common stock agree with the
company to buy back the stock or not?
□Applicable √Inapplicable
Chart of preferred stock shareholders and the first tenth shareholders holding shares
□Applicable √Inapplicable
Chapter III. Important Items
3.1 The great changes in company’s key financial statement, financial indicators, and the reasons
√Applicable □Not applicable
Unite:0000Yuan
Beginning End of +/-(%) to
No. Items peirod year Explanation
period
The main reason is that the payment of the bill to
the supplier is about 171.41 million yuan, resulting
1 Monetary fund 11,228.4 18,441.6 -39.1% in net cash flow of -40.98 million yuan, so the
money funds are reduced from the beginning of the
year
The balance of the bill is more than the bill payment
2 Bills receivable 18,827.3 10,918.1 72.4% to the supplier, so the balance of the bill is
increased at the beginning of the year
Accounts payable Mainly based on the market changes,the advance
3 2,520.8 1,608.5 56.7%
in advance of material mills increased
Other accounts Mainly caused by prepaid expenses increase from
4 2,587.7 1,970.6 31.3%
receivable the beginning.
The main reason is that the initial funding of finished
products has been reduced by 87.17million,the
production fund has been reduced by 2 million at
5 Iventory 75,813.1 84,242.9 -10.0% the beginning of the period,and the reserve fund
has increased by 4.52million at the beginning of the
period,and the low value consumables have
increased by 360,000 at the beginning of the period
Mainly because the branch company’s pending
6 Other current assets 491.5 720.3 -31.8%
deduction entry tax is less than the initial decrease.
Long-term prepaid Mainly increase spherical decorate 279000
7 73.1 52.1 40.2%
expense modernize of the company.
The main issue is the bill issued to the supplier and
8 Note payable 26,656.1 42,551.5 -37.4% the repayment of the notes payable due to the
discount.
It is mainly the end value added tax and the tax
9 Tax payable 737.3 1,914.1 -61.5% attached, the sale of the land value added tax is
decreasing from the beginning.
This is mainly due to a reduction in interest on
10 Interest payable - 92.7 -100.0%
borrowing.
3
At the beginning of this period, 90 million
Non-current liabilities
11 5,000.0 9,000.0 -44.4% borrowings have been repaid, the aditional 50
due within I year
million yuan is a long-term loan due in a year.
This period the long-term loan of 50 million yuan
12 Long-term loan 5,000.0 -100.0% due in one year will be reclassified into a
- non-current liability in a year.
2017.1.1-9.3 Last +/-(%) to
Items Explanation
0 peirod period
It is mainly affected by the change of the camp, the
Tax & surcharges for
13 1,458.84 831.33 75.5% current tax and the increase of the year-on-year
main operations
growth accounting inconsistencies.
It is mainly due to the recovery of the commodity
Loss of impairment value of this period, the sale of overstocked goods,
14 -1,252.37 -575.57 117.6%
of assets etc., to return to the inventory price to be caused by
the price.
Mainly because working capital loan interest
year-on-year increase of 3.65 million yuan, discount
rates rose 2.23 million, year-on-year increase of
15 Financial expense 3,057.55 2,082.91 46.8%
1.83 million exchange loss, exchange earnings fell
5.62 million, long-term borrowing interest
year-on-year decline of 3.65 million."
According to the financial information [2017] no.15,
government subsidies related to daily activities will
16 Other income 14.70 0.00
be counted into other benefits in accordance with
the economic business substance.
This is mainly due to the decrease in the current
Non-operating
17 1,155.20 1,883.86 -38.7% non-current asset disposal, government subsidies
revenue
and debt restructuring.
The main issue is that there is no loss due to debt
18 Non-operating cost 27.33 200.70 -86.4%
restructuring in this period.
Mainly, the operation quality is stabilizing, the cost
control is strengthened, the management expenses
19 Net profit 301.97 -5,381.18 -105.6%
and sales expenses are obviously reduced, and the
profitability of the products is promoted.
Other cash received
Mainly because the reduction in government
20 relating to operating 545.9 836.6 -34.7%
subsidies received during this period.
activities
The main payment of VAT and its attached tax, the
21 Tax payments 6,516.9 3,763.4 73.2%
sale of land value added tax increases.
Mainly because this period received 240,000
Cash received from dividends from Shanghai Aaimuyi
22 - 24.0 -100.0%
investment incomes Electromechanical Equipment Chain Company
Limited in 2014.
Net cash received
This period is mainly for the sale of the Harbin real
from disposal of fixed
estate sales of 486.8 million yuan, and the same
23 assets, intangible 492.2 1,000.0 -50.8%
period 10 million is received the asset payment to
assets and other
the group.
long-term assets
4
Cash paid to acquire
fixed assets,
Mainly because the construction of payment decline
24 intangible assets and 827.7 4,909.9 -83.1%
compared with last peirod.
other long-term
assets
Other proceeds Due to the impact of financing,resulting in the other
25 relating to financing 49,186.4 33,884.4 45.2% cash received that related to financing activities has
activities increased over the same period.
Due to the impact of financing,resulting in the other
Cash paid for other
26 44,824.8 30,000.0 49.4% cash payment related to financing activities has
financing activities
increased over the same period.
Effects of foreign
27 exchange rate -125.6 185.5 -167.7% It's mostly about dollar exchange rate movements.
changes on cash
3.2 The situation of major items in progress and the analysis explanation on its effect and resolved
proposal.
None
3.3 The fulfillment of the items that the company, shareholder with more than 5% shares and the actual
controller etc. during the report period, or before it.
□ Applicable √Not applicable
3.4 Operation forecast for year 2017
□ Applicable √Not applicable
3.5 Security investment information
Statement of holding other listing company equity
□Applicable √Not applicable
3.6 Statement of holding other listing company equity
□Applicable √Not applicable
3.7 Reception of investigations,communications,or interviews in the report period
Time/date Place Way Type of visitors Visitors Index catalog
Understand the companys
Telephone
July 11,2017 Office Private investor Private investor production and operation
communication
status
3.8 Violation of guaranty
□ Applicable √Not applicable
3.9 Controlling shareholders and their related parties' non-operational appropriation of funds for listed
companies
□ Applicable √Not applicable
5
3.10 social responsibility of targeted poverty alleviation
Chapter IV Financial report
1. Consolidated Balance Sheet.
Unit: RMB Yuan
Item Closing Balance Opening Balance
Current assets ：
Monetary fund 112,283,615.19 184,416,042.97
Financial assets held-for-trading
Bills receivable 188,272,822.75 109,181,156.69
Account receivable 1,197,883,258.38 1,249,891,874.39
Account paid in advance 25,207,647.16 16,084,843.68
Interest receivable
Dividend receivable
Other receivables 25,877,401.13 19,705,788.69
Inventory 758,131,440.02 842,429,282.92
Non-current assets due within 1 year
Other current assets 4,915,142.95 7,202,729.14
Total current assets 2,312,571,327.58 2,428,911,718.48
Non-current assets
Financial assets available-for-sale 2,000,000.00 2,000,000.00
Investments held-to-maturity
Long-term receivable
Long-term equity investment
Investment property
Fixed assets 723,752,065.95 785,568,617.02
Construction in progress 190,487,039.27 194,439,963.77
Construction materials
Fixed assets disposal
Biological assets
Gas and petrol assets
Intangible assets 127,602,305.89 130,876,465.81
Development expenditure
Goodwill
Long-term prepaid expense 731,149.58 521,361.67
Deferred tax assets 11,629,100.34 11,629,100.34
Other non-current assets
Total non-current assets 1,056,201,661.03 1,125,035,508.61
Total assets 3,368,772,988.61 3,553,947,227.09
Current liabilities
Short-term loan 627,000,000.00 549,900,000.00
Note payable 266,561,068.50 425,514,610.26
Accounts payable 861,719,129.16 833,899,714.83
Accounts received in advance 22,374,597.22 26,959,477.14
Commission charge payable
Accrued payroll 16,857,428.01 17,256,851.42
6
Tax payable 7,372,955.20 19,141,230.94
Interest payable 927,000.00
Dividends payable
Other payables 92,651,635.02 111,790,682.03
Non-current liabilities due within I year 50,000,000.00 90,000,000.00
Other current liabilities 4,151,272.50 4,704,022.50
Total current liabilities 1,948,688,085.61 2,080,093,589.12
Non-current liabilities
Long-term loan 50,000,000.00
Debenture payable
Long-term payables 1,597,305.72 1,597,305.72
Special payables 296,698.98 296,698.98
Contingent liabilities
Deferred income 38,919,994.85 41,682,411.76
Deferred tax liabilities 939,295.96 939,295.96
Other non-current liabilities
Total non-current liabilities 41,753,295.51 94,515,712.42
Total liabilities 1,990,441,381.12 2,174,609,301.54
Owner’s equity (shareholders’ equity)
Capital stock 402,600,000.00 402,600,000.00
Capital public reserves 485,691,050.47 485,691,050.47
Less: treasury share
Surplus reserve 131,442,909.11 131,442,909.11
Undistributed profit 358,597,647.91 359,603,965.97
Difference of foreign currency translation
Equity attributable to parent company 1,378,331,607.49 1,379,337,925.55
Minority interest
Total owner’s equity 1,378,331,607.49 1,379,337,925.55
Total owner’s equity and liabilities 3,368,772,988.61 3,553,947,227.09
Chairman: Meng Wei General Accountant : Sun Najuan Accounting charger : Wang Jiyuan
2. Balance Sheet of Parent Company
Unit: RMB Yuan
Item Opening Balance Closing Balance
Current assets ：
Monetary fund 106,898,160.27 160,858,258.16
Financial assets held-for-trading
Bills receivable 177,055,822.75 105,343,542.29
Account receivable 1,199,484,126.84 1,271,216,667.68
Account paid in advance 21,234,938.01 14,150,176.66
Interest receivable
Dividend receivable
Other receivables 22,078,955.53 18,675,828.91
Inventory 690,878,785.31 781,029,612.11
Non-current assets due within 1 year
Other current assets 3,091,630.30 4,853,373.30
Total current assets 2,220,722,419.01 2,356,127,459.11
Non-current assets
Financial assets available-for-sale 2,000,000.00 2,000,000.00
Investments held-to-maturity
Long-term receivable
Long-term equity investment 211,583,897.67 211,583,897.67
Investment property
Fixed assets 492,882,127.06 540,414,895.87
7
Construction in progress 190,171,870.87 194,408,579.15
Construction materials
Fixed assets disposal
Biological assets
Gas and petrol assets
Intangible assets 108,635,633.04 111,375,548.98
Development expenditure
Goodwill
Long-term prepaid expense 470,488.90 521,361.67
Deferred tax assets 10,355,933.09 10,355,933.09
Other non-current assets
Total non-current assets 1,016,099,950.63 1,070,660,216.43
Total assets 3,236,822,369.64 3,426,787,675.54
Current liabilities
Short-term loan 627,000,000.00 549,900,000.00
Note payable 266,561,068.50 425,514,610.26
Accounts payable 766,649,277.61 754,015,698.35
Accounts received in advance 24,143,089.58 26,840,178.68
Commission charge payable
Accrued payroll 9,977,284.75 10,295,412.34
Tax payable 4,225,867.09 15,496,981.29
Interest payable 927,000.00
Dividends payable
Other payables 51,747,864.16 72,962,085.99
Non-current liabilities due within I year 50,000,000.00 90,000,000.00
Other current liabilities 4,053,724.50 4,606,474.50
Total current liabilities 1,804,358,176.19 1,950,558,441.41
Non-current liabilities
Long-term loan 50,000,000.00
Debenture payable
Long-term payables
Special payables 296,698.98 296,698.98
Contingent liabilities
Deferred income 34,627,882.85 37,390,299.76
Deferred tax liabilities
Other non-current liabilities
Total non-current liabilities 34,924,581.83 87,686,998.74
Total liabilities 1,839,282,758.02 2,038,245,440.15
Owner’s equity (shareholders’ equity)
Capital stock 402,600,000.00 402,600,000.00
Capital public reserves 485,678,443.26 485,678,443.26
Less: treasury share
Surplus reserve 131,442,909.11 131,442,909.11
Undistributed profit 377,818,259.25 368,820,883.02
Total owner’s equity 1,397,539,611.62 1,388,542,235.39
Total owner’s equity and liabilities 3,236,822,369.64 3,426,787,675.54
3. Consolidated Income Sheet of report period
Unit: RMB Yuan
Item Account for the current period Account for the prior period
1.Total operating income 484,963,005.25 570,651,513.49
Including: Operating revenue 484,963,005.25 570,651,513.49
Interest income
Handling charge and commission income
2.Total operating cost 491,459,480.13 584,514,344.89
8
Including: Operating cost 431,261,903.51 516,065,410.83
Interest expenses
Handling charge and commission income
Tax & surcharges for main operations 4,755,972.30 3,617,930.44
Selling expenses 38,858,186.04 44,298,048.43
Administrative expense 14,647,695.23 17,851,425.15
Financial expense 14,559,249.81 8,438,341.22
Loss of impairment of assets -12,623,526.76 -5,756,811.18
Add: Gains of change of fair value of assets(loss with"-")
Investment income(loss with "-")
Including: Income form investment on associated
enterprise and jointly enterprise
Other income 147,000.00
3.Operating profit (loss with"-") -6,349,474.88 -13,862,831.40
Add: Non-operating revenue 6,779,448.30 4,834,367.10
Less: Non-operating cost 43,927.03 601,591.65
Including: loss on disposal of non-current assets
4.Total profit(loss with"-") 386,046.39 -9,630,055.95
Less: Income tax expenses
5. Net profit(Loss with"-") 386,046.39 -9,787,613.48
Net profit attributable to shareholders of parent company 386,046.39 -9,787,613.48
Minority interests
6. Other comprehensive returns
7. Total comprehensive returns 386,046.39 -9,787,613.48
Total comprehensive returns available for parent company 386,046.39 -9,787,613.48
Total comprehensive returns available for minority
shareholders
8.Earnings per share
(1) Basic earnings per share 0.0010 -0.0240
(2) Diluted earnings per share 0.0010 -0.0240
Chairman: Meng Wei General Accountant : Sun Najuan Accounting charger: Wang Jiyuan
4. Income Sheet of Parent Company of report period
Unit: RMB Yuan
Item Account for the current period Account for the prior period
1.Total operating income 465,804,543.27 590,797,808.88
Less: Operating cost 414,771,007.66 541,938,280.53
Interest expenses
Handling charge and commission income
Tax & surcharges for main operations 3,436,728.55 3,246,628.88
Selling expenses 38,292,795.51 43,776,816.73
Administrative expense 9,290,333.98 12,115,770.97
Financial expense 14,564,619.91 8,448,440.95
Loss of impairment of assets -12,623,526.76 -5,756,811.18
Add: Gains of change of fair value of assets(loss with"-")
Investment income(loss with "-")
Including: Income form investment on associated
enterprise and jointly enterprise
Other income 147,000.00
2.Operating profit (loss with"-") -1,780,415.58 -12,971,318.00
Add: Non-operating revenue 6,697,156.64 3,510,626.12
Less: Non-operating cost 24,938.34 564,621.14
Including: loss on disposal of non-current assets
3.Total profit(loss with"-") 4,891,802.72 -10,025,313.02
Less: Income tax expenses
9
4. Net profit(Loss with"-") 4,891,802.72 -10,025,313.02
5. Other comprehensive returns
6. Total comprehensive returns 4,891,802.72 -10,025,313.02
7.Earnings per share
(1) Basic earnings per share 0.010 -0.020
(2) Diluted earnings per share 0.010 -0.020
5. Consolidated Income Sheet from the beginning of the year to the end of report period
Unit: RMB Yuan
Account for the current
Item Account for the prior period
period
1.Total operating income 1,620,463,580.58 1,696,106,545.47
Including: Operating revenue 1,620,463,580.58 1,696,106,545.47
Interest income
Handling charge and commission income
2.Total operating cost 1,628,869,551.37 1,766,592,395.22
Including: Operating cost 1,435,457,545.50 1,559,667,437.52
Interest expenses
Handling charge and commission income
Tax & surcharges for main operations 14,588,420.45 8,313,281.88
Selling expenses 114,878,365.96 129,040,734.31
Administrative expense 45,893,417.05 54,497,602.71
Financial expense 30,575,518.56 20,829,082.94
Loss of impairment of assets -12,523,716.15 -5,755,744.14
Add: Gains of change of fair value of assets(loss with"-")
Investment income(loss with "-")
Including: Income form investment on associated enterprise
and jointly enterprise
Other income 147,000.00
3.Operating profit (loss with"-") -8,258,970.79 -70,485,849.75
Add: Non-operating revenue 11,551,972.29 18,838,640.22
Less: Non-operating cost 273,319.56 2,007,032.35
Including: loss on disposal of non-current assets
4.Total profit(loss with"-") 3,019,681.94 -53,654,241.88
Less: Income tax expenses
5. Net profit(Loss with"-") 3,019,681.94 -53,811,799.41
Net profit attributable to shareholders of parent company 3,019,681.94 -53,811,799.41
Minority interests
6. Other comprehensive returns
7. Total comprehensive returns 3,019,681.94 -53,811,799.41
Total comprehensive returns available for parent company 3,019,681.94 -53,811,799.41
Total comprehensive returns available for minority shareholders
8.Earnings per share
(1) Basic earnings per share 0.0080 -0.130
(2) Diluted earnings per share 0.0080 -0.130
6. Income Sheet of Parent Company from the beginning of the year to the end of report period
Unit: RMB Yuan
Item Account for the current period Account for the prior period
1.Total operating income 1,587,552,185.01 1,729,949,375.65
Less: Operating cost 1,414,588,162.82 1,607,950,444.59
Interest expenses
Handling charge and commission income
10
Tax & surcharges for main operations 12,072,730.51 7,346,262.32
Selling expenses 113,103,481.25 127,543,404.17
Administrative expense 27,679,263.28 35,828,333.56
Financial expense 30,624,886.06 20,852,114.98
Loss of impairment of assets -12,523,716.15 -5,755,744.14
Add: Gains of change of fair value of assets(loss with"-")
Investment income(loss with "-")
Including: Income form investment on associated
enterprise and jointly enterprise
Other income 147,000.00
2.Operating profit (loss with"-") 2,154,377.24 -63,815,439.83
Add: Non-operating revenue 11,104,219.80 15,688,741.19
Less: Non-operating cost 235,220.81 1,936,865.74
Including: loss on disposal of non-current assets
3.Total profit(loss with"-") 13,023,376.23 -50,063,564.38
Less: Income tax expenses
4. Net profit(Loss with"-") 13,023,376.23 -50,063,564.38
5. Other comprehensive returns
6. Total comprehensive returns 13,023,376.23 -50,063,564.38
7.Earnings per share
(1) Basic earnings per share 0.030 -0.120
(2) Diluted earnings per share 0.030 -0.120
7. Consolidated Cash Flow Statement.
Unit: RMB yuan
Item Account for the current period Account for the prior period
1.Cash from operating activities
Cash received from sale of goods or rendering of services 714,561,776.75 857,736,739.73
Refund of taxes and fares 117,978.34
Other cash received relating to operating activities 5,458,961.79 8,365,849.98
Sub-total of cash inflows 720,020,738.54 866,220,568.05
Cash paid for goods and services 440,090,540.44 489,459,375.45
Cash paid to or on behalf of the employees 174,249,694.48 227,625,238.56
Tax payments 65,168,685.70 37,634,102.44
Other cash paid relating to operating activities 81,489,754.60 92,315,861.95
Sub-total of cash outflows 760,998,675.22 847,034,578.40
Net cash flows from operating activities -40,977,936.68 19,185,989.65
2.Cash flows from investing activities
Cash received from return of investment
Cash received from investment incomes 240,000.00
Net cash received from disposal of fixed assets, intangible
4,921,699.20 10,000,000.00
assets and other long-term assets
Proceeds from sale of subsidiaries and other operating
units
Other cash received relating to investing activities 240,000.00
Sub-total of cash inflows 4,921,699.20 10,480,000.00
Cash paid to acquire fixed assets, intangible assets and
8,276,976.39 49,098,685.37
other long-term assets
Cash paid to acquire investment
Net cash used in acquiring subsidiaries and other operating
units
Other cash paid relating to investing activities
Sub-total of cash outflows 8,276,976.39 49,098,685.37
Net cash flows from investment activities -3,355,277.19 -38,618,685.37
3.Cash flows from financing activities
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Cash received from absorbing investment
Including: Cash received from increase in minority interest
Proceeds from borrowings 470,000,000.00 550,000,000.00
Other proceeds relating to financing activities 491,863,671.22 338,844,256.94
Sub-total of cash inflows 961,863,671.22 888,844,256.94
Repayment of borrowings 482,900,000.00 437,000,000.00
Distribution of dividends or profits & interest expenses 24,661,404.85 24,841,968.00
Including: dividends or profit paid to minority interest
Cash paid for other financing activities 448,248,452.22 300,000,000.00
Sub-total of cash outflows 955,809,857.07 761,841,968.00
Net cash flows from financing activities 6,053,814.15 127,002,288.94
4. Effects of foreign exchange rate changes on cash -1,256,122.04 1,855,133.50
5.Net increases in cash and cash equivalents -39,535,521.76 109,424,726.72
Add: cash and cash equivalent, at the beginning of year 142,233,376.52 78,556,030.56
6.Cash and cash equivalent at the end of the year 102,697,854.76 187,980,757.28
8. Cash Flow Statement Of Parent Company.
Unit: RMB yuan
Item Account for the current period Account for the prior period
1.Cash from operating activities
Cash received from sale of goods or rendering of services 735,865,490.56 841,594,457.53
Refund of taxes and fares
Other cash received relating to operating activities 5,096,996.55 4,654,548.80
Sub-total of cash inflows 740,962,487.11 846,249,006.33
Cash paid for goods and services 498,423,983.26 532,986,279.54
Cash paid to or on behalf of the employees 137,692,018.58 185,417,346.48
Tax payments 53,948,060.87 27,853,525.07
Other cash paid relating to operating activities 75,053,578.28 86,926,925.85
Sub-total of cash outflows 765,117,640.99 833,184,076.94
Net cash flows from operating activities -24,155,153.88 13,064,929.39
2.Cash flows from investing activities
Cash received from return of investment
Cash received from investment incomes 240,000.00
Net cash received from disposal of fixed assets, intangible
4,912,699.20 10,000,000.00
assets and other long-term assets
Proceeds from sale of subsidiaries and other operating
units
Other cash received relating to investing activities 240,000.00
Sub-total of cash inflows 4,912,699.20 10,480,000.00
Cash paid to acquire fixed assets, intangible assets and
8,246,098.39 48,727,912.06
other long-term assets
Cash paid to acquire investment
Net cash used in acquiring subsidiaries and other operating
units
Other cash paid relating to investing activities
Sub-total of cash outflows 8,246,098.39 48,727,912.06
Net cash flows from investment activities -3,333,399.19 -38,247,912.06
3.Cash flows from financing activities
Cash received from absorbing investment
Including: Cash received from increase in minority interest
Proceeds from borrowings 470,000,000.00 550,000,000.00
Other proceeds relating to financing activities 491,863,671.22 338,844,256.94
Sub-total of cash inflows 961,863,671.22 888,844,256.94
Repayment of borrowings 482,900,000.00 437,000,000.00
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Distribution of dividends or profits & interest expenses 24,658,617.05 24,840,575.20
Including: dividends or profit paid to minority interest
Cash paid for other financing activities 448,248,452.22 300,000,000.00
Sub-total of cash outflows 955,807,069.27 761,840,575.20
Net cash flows from financing activities 6,056,601.95 127,003,681.74
4. Effects of foreign exchange rate changes on cash -1,256,122.04 1,855,133.50
5.Net increases in cash and cash equivalents -22,688,073.16 103,675,832.57
Add: cash and cash equivalent, at the beginning of year 118,675,591.71 70,822,241.27
6.Cash and cash equivalent at the end of the year 95,987,518.55 174,498,073.84
4.5 Audited report
Audit opinions: not audited.
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