2011 Quarterly Three Report of Wuhan Boiler Company Limited
WUHAN BOILER COMPANY LIMITED
2011 QUARTERLY THREE REPORT
§1. Important Notes
1.1 The Board of Directors, the Board of Supervisors as well as directors, supervisors
and senior management of Wuhan Boiler Company Limited (hereinafter referred to as
“the Company”) hereby confirm that there are no misstatements, misleading
statements or material omissions in this Quarterly Three Report (“this Report”) and
will take individual and/or joint and several liabilities for the authenticity, accuracy
and completeness of this Report.
1.2 The 2011 Quarterly Three Financial Report has not been audited by a CPA firm.
1.3 Mr. YEUNG Kwok Wei Richard, the Company’s Principal, Mr. Chin Wee Hua,
Accounting Principal, and Mr. SEOW Ven Sern, the Accounting Division’s Principal
(Accounting Manager), hereby ensure the Financial Report enclosed in this Report is
true and complete.
§2. Company Profile
2.1 Main accounting data and financial indices
Unit: RMB Yuan
Sep. 30, 2011 Dec. 31, 2010 Increase/decrease (%)
Total assets (Yuan) 2,028,244,305.71 1,786,542,557.71 13.53%
Owner’s equity attributable to shareholders of
-1,038,696,145.30 -885,425,672.84 -17.31%
listed company (Yuan)
Share capital (share) 297,000,000.00 297,000,000.00 0.00%
Net assets per share attributable to
-3.50 -2.98 -17.45%
shareholders of listed company (Yuan/share)
Increase/decrease Increase/decrease
Jul.-Sep. 2011 Jan.-Sep. 2011
year-on-year (%) year-on-year (%)
Gross revenue (Yuan) 78,370,120.24 -54.43% 326,702,172.24 9.03%
Net profit attributable to shareholders of listed
-34,721,745.81 -269.91% -153,270,472.46 -147.48%
company (Yuan)
Net cash flow arising from operation activities
- - -297,490,885.03 -128.57%
(Yuan)
Net cash flow per share arising from operation
- - -1.00 -128.57%
activities(Yuan/share)
Basic earnings per share (Yuan/share) -0.12 -271.43% -0.52 -147.48%
Diluted earnings per share (Yuan/share) -0.12 -271.43% -0.52 -147.48%
1
2011 Quarterly Three Report of Wuhan Boiler Company Limited
Weighted average rate of return on net assets
(%)
Weighted average rate of return on net assets
after deducting non-recurring 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 on disposal of non-current assets including
-111,921.43
reversal of the impairment loss
Government grant recognized in current year, except for
those acquired in the ordinary course of business or granted
208,332.00
continuously in certain standard quota according to relevant
national laws and regulations
Other non-operating income and expense other than
32,765.96
abovementioned
Total 129,176.53 -
2.2 Total number of shareholders at period-end, and shares held by the top ten
shareholders with tradable shares.
Unit: share
Total number of shareholders at this period-end 9,073
Particulars about shares held by the top ten shareholders with tradable shares
Number of tradable
Name of shareholders (full name) Type of share
shares held at period-end
CHINA MERCHANTS SECURITIES (HK) CO. LTD 1,411,694 Domestically listed foreign shares
CHEN CHU YUN 1,372,450 Domestically listed foreign shares
HSBC BROKING SECURITIES (ASIA)
1,234,114 Domestically listed foreign shares
LIMITED-CLIENTS A/C
WU ZHEN FA 1,138,028 Domestically listed foreign shares
ZHUANG CHANG XIONG 1,035,000 Domestically listed foreign shares
TANG JUAN 887,236 Domestically listed foreign shares
GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED 860,551 Domestically listed foreign shares
ZHUANG YAO HUA 821,150 Domestically listed foreign shares
LI SHU HUI 808,552 Domestically listed foreign shares
ZHOU YONG YI 759,850 Domestically listed foreign shares
2
2011 Quarterly Three Report of Wuhan Boiler Company Limited
§3. Significant Events
3.1 Particulars about major changes of main accounting statement items and financial
indicators, as well as reasons for the changes
√Applicable □Inapplicable
1. Monetary funds increased 86.99% as compared to the beginning of the year mainly due to increase in
issuance of bank acceptance notes to settle vendors’ payment and strict control on cash out;
2. Accounts receivable increased 31.76% as compared to the beginning of the year mainly due to new billings
raised during the period on projects under execution;
3. Prepayment increased 78.99% as compared to the beginning of the year mainly due to increase in the volume
of materials purchase for export projects;
4. Inventory increased 40.58% as compared to the beginning of the year mainly due to the commencement of
new projects which resulted in the increase in the volume of raw materials purchased;
5. Other non-current assets increased 1506.26% as compared to the beginning of the year mainly due to increase
in the volume of unexpired forward contracts;
6. Short-term loan increased 32.55% as compared to the beginning of the year mainly due to decrease in cash
received from operating activities during the period;
7. Notes payable increased 234.69% as compared to the beginning of the year mainly due to increase in issuance
of banker acceptance notes to settle vendors’ payment;
8. Provision for liabilities decreased 100% as compared to the beginning of the year mainly due to settlement of
product warranty liability with customer;
9. Other non-current liabilities increased 353.43% as compared to the beginning of the year mainly due to
increase in the volume of unexpired forward contracts which resulted in the increase in hedged item;
10. Business tax and surcharges decreased 41.93% as compared to the same period last year mainly due to
decrease in relevant tax added income which resulted in the reduction in the corresponding tax charges;
11. Selling expenses decreased 39.88% as compared to the same period last year mainly due to the reduction in
headcount for sales function and accordingly payroll and benefits;
12. Administration expenses decreased 43.03% as compared to the same period last year mainly due to the
change in accounting estimates for fixed asset residue value which caused an one off depreciation of assets
beyond their useful life in prior period;
13. Impairment increased 131.56% as compared to the same period last year mainly due to the increase in age of
accounts receivable which resulted in the increase in the doubtful debts provision;
14. Fair value loss increased 895.23% as compared to the same period last year mainly due to unrealized loss
incurred by hedge accounting for the unexpired forward contracts;
15. Non-operating income decreased 83.29% as compared to the same period last year mainly due to reduction in
disposal of fixed asset;
16. Non-operating expenses decreased 79.47% as compared to the same period last year mainly due to decrease
in loss from disposal of fixed assets;
17. Income tax decreased 136.76% as compared to the same period last year mainly due to increase in doubtful
debts provision resulted in increase in temporary difference which gives rise to increase in deferred tax asset;
18. Net cash flows from operating activities decreased 128.57% as compared to the same period last year mainly
due to decrease in contract down payment received from customers;
19. Net cash flows from investing activities increased 82.83% as compared to the same period last year mainly
due to decrease in fixed assets investment;
3
2011 Quarterly Three Report of Wuhan Boiler Company Limited
20. Net cash flows from financing activities increased 132.71% as compared to the same period last year mainly
due to reduction in repayment of short-term loan.
3.2 Progress and influence of significant events, as well as the analysis on solutions
3.2.1 About non-standard audit opinion
□Applicable √Inapplicable
3.2.2 The Company offers fund to the controlling shareholder or other related parties
and provides external guarantees in violation of the prescribed procedures.
□Applicable √Inapplicable
3.2.3 Signing and execution of significant contracts concerning routine operation
□Applicable √Inapplicable
3.2.4 Others
√Applicable □Inapplicable
The Company did not offer fund to the controlling shareholder or other related parties. Neither did it provide
external guarantees in violation of the prescribed procedures.
3.3 Fulfillment of commitments made by the Company, shareholders and the actual
controller
Commitments made by the Company, its directors, supervisors, senior management,
shareholders holding more than 5% of the Company’s shares, actual controller or any
other relevant party in the report period, or such commitments carried down to the
report period:
√Applicable □Inapplicable
Commitment
Commitment Contents of commitment Execution
maker
Commitments concerning the
Naught Naught Naught
share reform
Commitments made in a
purchase report or a report on Naught Naught Naught
changes of owners’ equity
Commitments made in
Naught Naught Naught
material asset reorganization
Commitments made in share
Naught Naught Naught
issuance
(1) Capital commitment: up until Sep 30, (1) Execution of capital commitment:
2011, amount of long-term assets which the from Jan to Sep 2011, newly signed
Company had signed commitment to capital commitment was RMB
Other commitments acquire but were not presented in financial 2,835,032.68, USD34,421.50 and
The
(including supplementary statements stood at RMB36,840,982.44, executed capital commitment were
Company
ones) USD462,387.50, EUR 100,571.00; RMB9,124,728.25, EUR 32,500.00;
(2) Other commitments: up until Sep 30, (2) Execution of other commitments:
2011, amount of performance guarantee from Jan to Sep new performance
letters, bidding guarantee letters and guarantee letters amounting to
4
2011 Quarterly Three Report of Wuhan Boiler Company Limited
quality assurance guarantee letters which RMB16, 750,000.00 were issued.
the Company had issued but not been RMB17,860,000.00 performance
released from performance responsibility guarantee letters and RMB
stood at RMB106,808,360.00 and 1,600,000.00 bidding guarantee
USD3,126,923.00. letters were released.
3.4 Warnings of possible losses or major changes of the accumulative net profit
achieved during the period from the beginning of the year to the end of the next report
period compared with the same period of last year according to prediction, as well as
the reasons
□Applicable √Inapplicable
3.5 Other significant events
3.5.1 Particulars about securities investment
□Applicable √Inapplicable
3.5.2 Particulars about receiving researches, communication, interviews and other
activities in this report period
Time Place Reception way Visitor Main discussion and materials provided by the Company
One shareholder with Has the Company submitted the supplementary materials
Jul. 1, 2011 Wuhan By telephone
tradable shares for its application for listing restoration?
Two shareholders When will the listing be restored? How about the progress
Jul. 13, 2011 Wuhan By telephone
with tradable shares on the joint venture by Shanghai Electric and Alstom?
One shareholder with Has the Company submitted the supplementary materials
Aug. 15, 2011 Wuhan By telephone
tradable shares for its application for listing restoration?
One shareholder with Has the Company submitted the supplementary materials
Aug. 16, 2011 Wuhan By telephone
tradable shares for its application for listing restoration?
One shareholder with Has the Company submitted the supplementary materials
Aug. 18, 2011 Wuhan By telephone
tradable shares for its application for listing restoration?
One shareholder with How much actual loss for the first half of 2011? When will
Aug. 25, 2011 Wuhan By telephone
tradable shares the listing be restored?
One shareholder with Has the Company submitted the supplementary materials
Aug. 30, 2011 Wuhan By telephone
tradable shares for its application for listing restoration?
The Company still had a loss result in the first half of 2011.
Two shareholders
Aug. 31, 2011 Wuhan By telephone If the loss continues this year, is there any chance for
with tradable shares
listing restoration?
The Company’s 2011 Interim Report has been disclosed,
One shareholder with
Sep. 8, 2011 Wuhan By telephone but there is no warning on the performance of the third
tradable shares
quarter. Why?
Has the Company submitted the supplementary materials
One shareholder with
Sep. 15, 2011 Wuhan By telephone for its application for listing restoration? And when will the
tradable shares
result come out?
5
2011 Quarterly Three Report of Wuhan Boiler Company Limited
The Company has disclosed a lot of announcements on
One shareholder with
Sep. 20, 2011 Wuhan By telephone arbitration and litigation this year. How about the progress
tradable shares
of these cases?
How about the Company’s actual operation? Has it
One shareholder with
Sep. 21, 2011 Wuhan By telephone received sufficient orders? Will the Company continue to
tradable shares
show a loss result this year?
Will the Company continue to show a loss result for the
One shareholder with
Sep. 22, 2011 Wuhan By telephone whole year of 2011? If yes, will it affect the listing
tradable shares
restoration? Will it lead to delisting?
How about the progress on the joint venture by Shanghai
Two shareholders
Sep. 28, 2011 Wuhan By telephone Electric and Alstom? Will it directly influence the listing
with tradable shares
restoration?
The Company changed its GM again. Why did the former
Two shareholders
Sep. 29, 2011 Wuhan By telephone GM quit? Will the Company disclose an announcement of
with tradable shares
warning about the performance of the third quarter?
3.6 Derivatives investment
□Applicable √Inapplicable
3.6.1 Derivatives investment positions held by the end of the report period
□Applicable √Inapplicable
§4 Attachments
4.1 Balance Sheet
Prepared by Wuhan Boiler Company Limited Sep. 30, 2011 Unit: RMB Yuan
Balance as at Sep. 30, 2011 Balance as at Dec. 31, 2010
Items
Consolidation Parent Company Consolidation Parent Company
Current assets:
Monetary funds 26,131,125.16 24,695,846.48 13,974,304.97 13,310,174.46
Settlement funds
Outgoing call loans
Trading financial assets
Notes receivable 34,727,727.49 34,727,727.49 43,164,000.00 42,164,000.00
Accounts receivable 480,273,099.30 477,451,754.58 364,514,763.75 358,592,870.99
Prepayment 200,280,465.27 200,280,465.27 111,894,344.81 111,894,344.81
Insurance premium receivables
Reinsurance accounts
receivable
Reinsurance contract reserves
6
2011 Quarterly Three Report of Wuhan Boiler Company Limited
receivable
Interest receivable
Dividend receivable
Other receivables 117,498,619.17 117,715,979.63 136,383,710.94 136,373,830.94
Financial assets purchased
under agreement to resell
Inventories 238,019,770.47 238,019,770.47 169,307,374.03 169,307,374.03
Non-current assets due within 1
year
Other current assets
Total current assets 1,096,930,806.86 1,092,891,543.92 839,238,498.50 831,642,595.23
Non-current assets:
Loan and payment on other's
behalf disbursed
Available-for-sale financial
assets
Investment held to maturity
Long-term receivables
Long-term equity investment 39,234,287.13 39,234,287.13
Investment property
Fixed assets 763,882,127.72 764,039,104.71 776,284,766.29 776,441,743.28
Construction in progress 42,020,993.28 42,020,993.28 50,952,741.50 50,952,741.50
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 52,309,488.42 52,309,488.42 57,323,977.87 57,323,977.87
R&D expenses
Goodwill
Long-term deferred expenses
Deferred tax assets 66,340,219.13 66,340,219.13 62,321,677.84 62,321,677.84
Other non-current assets 6,760,670.30 6,760,670.30 420,895.71 420,895.71
Total non-current assets 931,313,498.85 970,704,762.97 947,304,059.21 986,695,323.33
Total assets 2,028,244,305.71 2,063,596,306.89 1,786,542,557.71 1,818,337,918.56
Current liabilities:
Short-term loans 1,527,000,000.00 1,527,000,000.00 1,152,000,000.00 1,152,000,000.00
7
2011 Quarterly Three Report of Wuhan Boiler Company Limited
Loans from central bank
Deposits received and held for
others
Call loan received
Held-for-trading financial
liabilities
Notes payable 62,601,507.14 62,601,507.14 18,704,256.28 18,704,256.28
Accounts payable 392,284,516.12 397,242,398.56 315,446,635.93 320,392,299.70
Advance from customers 1,014,873,987.51 1,014,873,987.51 1,059,336,631.48 1,059,336,631.48
Financial assets sold under
agreements to repurchase
Fees and commissions payable
Payroll payable 64,027,441.25 63,826,801.71 70,602,009.08 70,401,369.54
Taxes payable -108,091,811.93 -108,091,811.93 -88,432,481.81 -88,432,481.81
Interest payable 2,003,697.50 2,003,697.50 2,003,046.13 2,003,046.13
Dividend payable 562,000.00 562,000.00
Other payables 94,429,472.94 132,172,999.72 85,685,084.50 119,817,611.28
Amount due to reinsurance
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Non-current liabilities due
within 1 year
Other current liabilities
Total current liabilities: 3,049,690,810.53 3,091,629,580.21 2,615,907,181.59 2,654,222,732.60
Non-current liabilities:
Long-term loans
Bonds payable
Long-term payables
Specific payables
Projected liabilities 50,387,210.32 50,387,210.32
Deferred taxes liabilities
Other non-current liabilities 14,925,500.66 14,925,500.66 3,291,690.22 3,291,690.22
Total non-current liabilities 14,925,500.66 14,925,500.66 53,678,900.54 53,678,900.54
Total liabilities 3,064,616,311.19 3,106,555,080.87 2,669,586,082.13 2,707,901,633.14
Owner’s equity (or shareholders’
8
2011 Quarterly Three Report of Wuhan Boiler Company Limited
equity):
Paid-in capital (or share capital) 297,000,000.00 297,000,000.00 297,000,000.00 297,000,000.00
Capital reserve 174,659,407.46 174,854,304.12 174,659,407.46 174,854,304.12
Less treasury stock
：
Specific reserves
Surplus reserves 39,418,356.83 39,418,356.83 39,418,356.83 39,418,356.83
General risk provision
Retained earnings -1,549,773,909.59 -1,554,231,434.93 -1,396,503,437.13 -1,400,836,375.53
Foreign exchange difference
Total shareholders' equity
-1,038,696,145.30 -1,042,958,773.98 -885,425,672.84 -889,563,714.58
attributable to holding company
Minority interests 2,324,139.82 2,382,148.42
Total shareholder's equity -1,036,372,005.48 -1,042,958,773.98 -883,043,524.42 -889,563,714.58
Total liabilities & shareholder's
2,028,244,305.71 2,063,596,306.89 1,786,542,557.71 1,818,337,918.56
equity
4.2 Income Statement (Jul.-Sep. 2011)
Prepared by Wuhan Boiler Company Limited Jul.-Sep. 2011 Unit: RMB Yuan
Jul.- Sep. 2011 Jul.- Sep. 2010
Items
Consolidation Parent company Consolidation Parent company
I. Total revenue 78,370,120.24 78,370,120.24 171,988,412.54 171,988,412.54
Including: revenue 78,370,120.24 78,370,120.24 171,988,412.54 171,988,412.54
Interest income
Premium income
Fee and commission income
II. Total cost of sales 117,894,859.80 117,881,337.32 151,646,501.05 151,331,977.70
Including: cost of sales 93,888,847.00 93,888,847.00 151,877,591.51 151,877,591.51
Interest expenses
Service charge and commission
outcome
Insurance discharge payment
Claim expenses-net
Provision for insurance contract
reserves-net
Insurance policy dividend paid
Reinsurance expense
9
2011 Quarterly Three Report of Wuhan Boiler Company Limited
Business taxes and surcharges 11,762.56 11,762.56
Distribution expenses 3,060,401.43 3,060,401.43 4,942,417.72 4,942,417.72
Administrative expenses 7,583,914.98 7,571,062.74 12,728,001.57 12,770,997.04
Financial costs 22,740,961.65 22,755,330.12 14,622,519.85 14,631,326.82
Impairment loss -9,379,265.26 -9,394,303.97 -32,535,792.16 -32,902,117.95
Plus: gain/(loss) on change in fair
6,044,730.10 6,044,730.10 218,580.17 218,580.17
value (“-” means loss)
Gain/(loss) on investment (“-”
means loss)
Including: income from
investment on associate and
jointly-run ventures
Gain or loss on foreign exchange
difference (“-” means loss)
III. Operating profit (“-” means
-33,480,009.46 -33,466,486.98 20,560,491.66 20,875,015.01
loss)
Plus: non-business income 69,444.00 69,444.00 104,310.71 104,310.71
Less: non-business expense 127,009.32 39,207.04
Including: loss from disposal of
non-current assets
IV. Total profit (“-” means loss) -33,410,565.46 -33,397,042.98 20,537,793.05 20,940,118.68
Less: tax expense 1,313,199.79 1,313,199.79 133,693.75
V. Net profit (“-” means loss) -34,723,765.25 -34,710,242.77 20,404,099.30 20,940,118.68
Attributable to equity holders of
-34,721,745.81 -34,710,242.77 20,435,258.53 20,940,118.68
parent company
Minority interests -2,019.44 -31,159.23 0.00
VI. Earnings per share
(I) Basic earnings per share -0.12 -0.12 0.07 0.07
(II) Diluted earnings per share -0.12 -0.12 0.07 0.07
Ⅶ . Other composite income 0.00 0.00
Ⅷ . Total composite income -34,723,765.25 -34,710,242.77 20,404,099.30 20,940,118.68
Attributable to owners of
-34,721,745.81 -34,710,242.77 20,435,258.53 20,940,118.68
parent company
Attributable to minority
-2,019.44 -31,159.23 0.00
shareholders
Where there were business combinations under the same control in this report period,
the combined parties achieved net profit of RMB -40,522.48 before the combinations.
10
2011 Quarterly Three Report of Wuhan Boiler Company Limited
4.3 Income Statement (Jan.-Sep. 2011)
Prepared by Wuhan Boiler Company Limited Jan.-Sep. 2011 Unit: RMB Yuan
Jan.- Sep. 2011 Jan.- Sep. 2010
Items
Consolidation Parent company Consolidation Parent company
I. Total revenue 326,702,172.24 326,702,172.24 299,632,521.31 299,632,521.31
Including: revenue 326,702,172.24 326,702,172.24 299,632,521.31 299,632,521.31
Interest income
Premium income
Fee and commission income
II. Total cost of sales 478,676,003.27 478,742,581.61 351,270,418.26 349,008,311.90
Including: cost of sales 371,420,038.13 371,420,038.13 301,107,004.67 301,107,004.67
Interest expenses
Service charge and commission
outcome
Insurance discharge payment
Claim expenses-net
Provision for insurance contract
reserves-net
Insurance policy dividend paid
Reinsurance expense
Business taxes and surcharges 126,648.93 126,648.93 218,105.94 199,908.23
Distribution expenses 8,330,126.30 8,330,126.30 13,855,913.72 13,855,913.72
Administrative expenses 23,895,799.17 23,882,334.13 41,942,943.72 40,863,720.74
Financial costs 54,244,237.62 54,259,251.80 59,610,741.93 59,619,980.74
Impairment loss 20,659,153.12 20,724,182.32 -65,464,291.72 -66,638,216.20
Plus: gain/(loss) on change in fair
-5,502,367.85 -5,502,367.85 -552,873.88 -552,873.88
value (“-” means loss)
Gain/(loss) on investment (“-”
means loss)
Including: income from
investment on associate and
jointly-run ventures
Gain or loss on foreign exchange
difference (“-” means loss)
III. Operating profit (“-” means
-157,476,198.88 -157,542,777.22 -52,190,770.83 -49,928,664.47
loss)
Plus: non-business income 243,055.26 243,055.26 1,454,569.25 1,364,570.11
Less: non-business expense 113,878.73 113,878.73 554,624.64 368,867.04
11
2011 Quarterly Three Report of Wuhan Boiler Company Limited
Including: loss from disposal of
113,878.73 113,878.73
non-current assets
IV. Total profit (“-” means loss) -157,347,022.35 -157,413,600.69 -51,290,826.22 -48,932,961.40
Less: tax expense -4,018,541.29 -4,018,541.29 10,930,390.86 10,796,697.11
V. Net profit (“-” means loss) -153,328,481.06 -153,395,059.40 -62,221,217.08 -59,729,658.51
Attributable to equity holders of
-153,270,472.46 -153,395,059.40 -61,931,950.11 -59,729,658.51
parent company
Minority interests -58,008.60 0.00 -289,266.97 0.00
VI. Earnings per share
(I) Basic earnings per share -0.52 -0.52 -0.21 -0.20
(II) Diluted earnings per share -0.52 -0.52 -0.21 -0.20
Ⅶ . Other composite income 0.00 0.00
Ⅷ . Total composite income -153,328,481.06 -153,395,059.40 -62,221,217.08 -59,729,658.51
Attributable to owners of
-153,270,472.46 -153,395,059.40 -61,931,950.11 -59,729,658.51
parent company
Attributable to minority
-58,008.60 0.00 -289,266.97 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 -1,229,753.66 before the
combinations.
4.4 Cash Flow Statement (Jan.-Sep. 2011)
Prepared by Wuhan Boiler Company Limited Jan.-Sep. 2011 Unit: RMB Yuan
Jan.- Sep. 2011 Jan.-Sep. 2010
Items
Consolidation Parent company Consolidation Parent company
1. Cash flows from operating
activities:
Cash received from sales of
210,466,148.14 209,919,488.40 1,612,140,894.11 1,612,183,284.78
goods or rending of services
Net increase of deposits
received and held for others
Net increase of loans from
central bank
Net increase of call loans
from other financial institutions
Cash received against
original insurance contract
Net cash received from
reinsurance
12
2011 Quarterly Three Report of Wuhan Boiler Company Limited
Net increase of client deposit
and investment
Net increase of disposal of
held-for-trading financial assets
Cash received as interest,
fees and commissions
Net increase of call loans
Net increase of cash received
under repurchasing
Tax and fare refunds 7,413,566.82 7,413,566.82
Other cash received from
2,504,855.78 2,294,768.73 730,604.57 680,175.32
operating activities
Sub-total of cash inflow from
212,971,003.92 212,214,257.13 1,620,285,065.50 1,620,277,026.92
operating activities
Cash paid for goods and
328,666,883.40 328,255,030.60 394,377,578.96 394,947,041.36
services
Net increase of loans and
advances from customers
Net increase of deposits in
central bank, banks and other
financial institutions
Cash paid for original
contract claims
Cash paid for interest, fees
and commissions
Cash paid for policy
dividend
Cash paid to and for
117,494,074.73 117,494,074.73 108,387,769.96 107,302,783.55
employees
Cash paid for various taxes
7,033,497.30 7,033,497.30 19,056,232.87 18,725,385.22
and fares
Other cash paid relating to
57,267,433.52 57,678,433.52 57,317,151.58 57,485,751.96
operating activities
Sub-total of cash outflows
510,461,888.95 510,461,036.15 579,138,733.37 578,460,962.09
from operating activities
Net cash flows from
-297,490,885.03 -298,246,779.02 1,041,146,332.13 1,041,816,064.83
operating activities
2. Cash flows from investing
activities:
Cash received from
investment retractions
Cash received from
investment income
13
2011 Quarterly Three Report of Wuhan Boiler Company Limited
Net cash received from
disposal of fixed assets, intangible 5,660.00 5,660.00 1,879,243.00 1,669,243.00
assets and other long-term assets
Net cash received from
disposal of subsidiaries and other
operating units
Other cash received relating
1,859,081.74 1,843,597.56 11,281,356.28 11,272,219.23
to investing activities
Sub-total of cash inflows of
1,864,741.74 1,849,257.56 13,160,599.28 12,941,462.23
investing activities
Cash paid for acquisition of
fixed assets, intangible assets and 13,135,101.66 13,135,101.66 80,515,316.66 80,681,481.66
other long-term assets
Cash paid for acquisition of
investments
Net increase of pledge loans
Net cash paid for acquisition
of subsidiaries and other operating
units
Other cash paid relating to
367,074.64 366,844.64 428,502.20 427,683.70
investing activities
Sub-total of cash outflows of
13,502,176.30 13,501,946.30 80,943,818.86 81,109,165.36
investing activities
Net cash flows from
-11,637,434.56 -11,652,688.74 -67,783,219.58 -68,167,703.13
investing activities
3. Cash flows from financing
activities:
Cash received from
investment
Including: cash received by
subsidiaries from minority
shareholders
Cash received from
568,000,000.00 568,000,000.00 895,000,000.00 895,000,000.00
borrowings
Cash received from bonds
issuing
Other cash received relating
to financing activities
Sub-total of cash inflows of
568,000,000.00 568,000,000.00 895,000,000.00 895,000,000.00
financing activities
Cash paid for repayment of
193,000,000.00 193,000,000.00 1,817,000,000.00 1,817,000,000.00
borrowings
Cash paid for dividends, 52,632,274.75 52,632,274.75 63,592,391.50 63,592,391.50
14
2011 Quarterly Three Report of Wuhan Boiler Company Limited
profit distribution or interest
Including: dividends or
profits paid to minority
shareholders by subsidiaries
Other cash paid relating to
financing activities
Sub-total of cash outflows of
245,632,274.75 245,632,274.75 1,880,592,391.50 1,880,592,391.50
financing activities
Net cash flows from
322,367,725.25 322,367,725.25 -985,592,391.50 -985,592,391.50
financing activities
4. Effect of foreign exchange rate
changes on cash and cash -210,700.15 -210,700.15 -2,339,160.08 -2,339,160.08
equivalents
5. Net increase in cash and cash
13,028,705.51 12,257,557.34 -14,568,439.03 -14,283,189.88
equivalents
Add: opening cash and cash
10,491,275.05 9,827,144.54 27,114,305.92 26,057,612.46
equivalents
6. Closing cash and cash
23,519,980.56 22,084,701.88 12,545,866.89 11,774,422.58
equivalents
4.5 Auditor’s report
Audit opinion: Unaudited
15
