WUHAN BOILER COMPANY LIMITED
2012 QUARTERLY THREE REPORT
I. Important Notes
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 statement or material omission 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.
All directors attended the board meeting for reviewing this Report.
Mr. YEUNG Kwok Wei Richard, the Company Principal, Mr. CHIN Wee Hua, Accounting Principal, and Mr. LI
Yihao, the Accounting Division’s Principal (Accounting Manager), hereby ensure that the Financial Report
enclosed in this Report is true and complete.
II. Company Profile
）））） （（（（
I Main accounting data and financial indexes
Any retrospective adjustment in previous financial statements?
□ Yes √ No □ Inapplicable
2012.9.30 2011.12.31 Increase/decrease (%)
Total assets (RMB Yuan) 1,090,960,105.21 1,749,077,941.25 -37.63%
Owners’ equity attributable to
shareholders of listed company -1,204,947,634.08 -1,148,878,381.87 -4.88%
(RMB Yuan)
Share capital (share) 297,000,000.00 297,000,000.00 0%
Net assets per share attributable
to shareholders of listed company -4.06 -3.87 -4.91%
(RMB Yuan/share)
Increase/decrease (%) as Increase/decrease (%) as
2012 Jul – Sep compared to last year 2012 Jan – Sep compared to last year
same period same period
Gross operating revenues (RMB
163,869,332.86 109.1% 540,447,035.16 65.42%
Yuan)
Net profit attributable to
shareholders of listed company -31,685,662.71 8.74% -56,069,252.21 63.42%
(RMB Yuan)
Net cash flow from operating
-- -- 129,688,248.21 143.59%
activities (RMB Yuan)
Net cash flow per share from --
operating activities (RMB -- 0.44 144%
Yuan/share)
Basic earnings per share (RMB
-0.11 8.33% -0.19 63.46%
Yuan/share)
Diluted earnings per share (RMB
-0.11 8.33% -0.19 63.46%
Yuan/share)
Weighted average rate of return
--- --- --- ---
on net assets (%)
Weighted average rate of return --- --- --- ---
1
on net assets after deducting
non-recurring gains and losses
(%)
Items of non-recurring gains and losses
√Applicable □Inapplicable
Amount from the year-begin to
Items of non-recurring gains and losses Note
the period-end (RMB Yuan)
Gains and losses on disposal of non-current assets 7,316.09
Tax rebate, reduction or exemption due to un-authorized
approval or the lack of formal approval documents
Government grant recognized in the current year, except for
those acquired in the ordinary course of business or granted at 208,332.00
certain quotas or amounts according to national unified standards
Capital occupation fees received from non-financial enterprises
that are included in current gains and losses
Gains generated when the investment costs of the Company’s
acquiring subsidiaries, associates and joint ventures are less than
the fair value of identifiable net assets in the investees
attributable to the Company in the acquisition of the investments
Exchange gains and losses of non-monetary assets
Gains and losses through entrusting others to invest or manage
assets
Various asset impairment provisions due to acts of God such as
natural disasters
Gains and losses on debt restructuring
Enterprise reorganization expenses, such as expenses on
employee settlement and integration
Gains and losses on the parts exceeding the fair value when
prices of transactions become unfair
Net current gains and losses from the period-begin to the
combination date of subsidiaries due to business combinations
under the same control
Gains and losses on contingent matters which are irrelevant to
the normal operation of the Company
Gains and losses on fair value changes of transactional financial
assets and liabilities, and investment gains on disposal of
transactional financial assets and liabilities and available-for-sale
financial assets, except for the effective hedging business related
to the Company’s normal operation
Reversal of impairment provisions for accounts receivable which
are separately tested for impairment signs
Gains and losses on entrustment loans from external parties
Gains and losses on fair value changes of investing properties for
which the fair value method is adopted for subsequent
measurement
Current gain and loss effect due to a just-for-once adjustment to
current gains and losses according to requirements of taxation
and accounting laws and regulations
Custodian fee income from entrusted operations
Other non-operating incomes and expenses besides the items
2,335,392.60
above
Other gain and loss items that meet the definition of
non-recurring gains and losses
Minority interests effects -588,720.66
2
Income tax effects
--
Total 1,962,320.03
Explanation given by the Company to “other gain and loss items that meet the definition of non-recurring gains and losses” and when
it recognizes a non-recurring gain and loss item as a recurring one according to the nature and features of its ordinary business.
Item Amount involved （ RMB ） Explanation
）））） （（（（
II Total number of shareholders at period-end, and shares held by top ten shareholders with tradable
shares
Total number of shareholders 9,073
Particulars about shares held by the top ten shareholders holding tradable shares
Number of tradable shares held Type and number of shares
Name of shareholder
at period-end Type Number
CHINA MERCHANTS Domestically listed foreign
1,411,694 1,411,694
SECURITIES (HK) CO. LTD shares
Domestically listed foreign
CHEN CHU YUN 1,372,450 1,372,450
shares
HSBC BROKING
Domestically listed foreign
SECURITIES (ASIA) 1,234,114 1,234,114
shares
LIMITED-CLIENTS A/C
Domestically listed foreign
WU ZHEN FA 1,138,028 1,138,028
shares
Domestically listed foreign
ZHUANG CHANG XIONG 1,035,000 1,035,000
shares
Domestically listed foreign
TANG JUAN 887,236 887,236
shares
GUOTAI JUNAN
Domestically listed foreign
SECURITIES(HONGKONG) 860,551 860,551
shares
LIMITED
Domestically listed foreign
ZHUANG YAO HUA 821,150 821,150
shares
Domestically listed foreign
LI SHU HUI 808,552 808,552
shares
Domestically listed foreign
ZHOU YONG YI 759,850 759,850
shares
The top ten shareholders holding tradable shares are all public shareholders holding B-shares. The
Particulars about shareholders Company does not know the related-party relationship or acting-in-concert relationship among
them.
III. Significant Events
）））） （（（（
I Particular about major changes of main accounting statement items and financial indicators, as well as
reasons for the changes
√Applicable □Inapplicable
1. Cash and cash equivalent decreased by 62.34%, mainly due to the repayment of shareholders’ entrusted loan;
2. Account receivables decreased by 48.90%, mainly due to the speed up of collection of overdue receivables;
3. Prepayment increased by 64.25%, mainly due to the increase in down payment paid for raw material purchase;
4. Closing balance of inventory decreased by 172.51%, of which i) raw materials decreased by 62.75%, mainly due to raw materials
were used in production for projects under execution, and disposal of obsolete materials; ii) Construction contract assets decreased by
3
244.13%, mainly due to production progress of projects under execution is slower than progress billing which resulted in negative
balance of construction contract assets;
5. Deferred tax assets decreased by 37.62%, mainly due to close out of projects and collection of receivables which resulted in
reducing in contract loss provision and bad debt provision respectively;
6. Other non-current assets decreased by 100%, mainly due to the settlement of unexpired forward contract;
7. Notes payables decreased by 100%, mainly due to endorsement of received notes to pay vendors;
8. Advance from customers decreased by 45.72%, mainly due to settlement of contract payment of projects on construction contract
in progress;
9. Revenue increased by 65.42% as compared to last year same period, mainly due to increase in recognition of revenue from
overseas projects;
10. Operating cost increased by 37.65% as compared to last year same period, mainly due to the increase in projects under execution
which resulted in more materials consumed and more man hours incurred in production;
11. Business taxes and surcharges decreased by 99.11% as compared to last year same period, mainly due to decrease in taxable other
operating income;
12.Administration expenses decreased by 37.40% as compared to last year same period, mainly due to decrease in entertainment
expenses, travel expenses and consultancy fees;
13. Finance expenses increased by 49.36% as compared to last year same period, mainly due to increase in i) interest expense as
result of increase in entrusted loan in first and second quarter of current period; ii) increase in foreign exchange loss;
14. Impairment loss decreased by 324.43% as compared to last year same period, mainly due to collection of receivables resulting in
written-off of bad debt provision;
15. Fair value loss decreased by 84.68% as compared to last year same period, mainly due to increase in unrealized gain incurred by
hedge accounting;
16. Non-operating income increased by 711.38% as compared to last year same period, mainly due to write-off of payables of
subsidiary as result of cancellation of Wuhan Boiler Boyu Industrial Co.,Ltd.
17. Non-operating expenses decreased by 91.41% as compared to last year same period, mainly due to decrease in loss incurred from
disposal of fixed assets.
18. Income tax expenses increased by 857.20% as compared to last year same period, mainly due to decrease in deferred tax assets;
19. Net cash flow from operating activities increased by 143.59% as compared to last year same period, mainly due to speed up of
receivables collections;
20. Net cash flow from investing activities decreased by 69.71% as compared to last year same period, mainly due to the increase in
fixed asset payment after the expiry of warranty period.
21. Net cash flow from financing activities decreased by 136.39% as compared to last year same period, mainly due to repayment of
shareholders’ entrusted loan.
II Progress and influence of significant events, as well as the analysis and explanation on
）））） （（（（
solutions
1. About non-standard audit opinion
□Applicable √Inapplicable
4
2. The Company offers capital to the controlling shareholder or other related parties and
provides external guarantees in violation of the prescribed procedures
□Applicable √Inapplicable
3. Signing and execution of significant contracts concerning routine operation
□Applicable √Inapplicable
4. Others
□Applicable √Inapplicable
）））） （（（（
III Commitments of the Company or shareholders holding more than 5% shares of the Company made
in or carried down into the report period
□Applicable √Inapplicable
）））） （（（（
IV Predict the 2012 annual operating results
Warnings of possible loss or large-margin change of the accumulated net profit made during the period from the
beginning of the year to the end of the next report period compared with the same period of the last year according
to prediction, as well as explanations on the reasons
□Applicable √Inapplicable
）））） （（（（
V Other significant events that need to be explained
1. Securities investment
□Applicable √Inapplicable
2. Investments in derivatives
□Applicable √Inapplicable
3. Derivative investment positions held at the period-end
□Applicable √Inapplicable
4. Researches, communication, interviews received and other activities in this report period
Main discussion and materials
Time of reception Place of reception Way of reception Visitor type Visitor
provided by the Company
1 shareholder with Will the Company’s shares be
Jul. 5, 2012 Wuhan By phone Individual
tradable shares delisted?
Will the Company’s shares be
2 shareholders with delisted? Will the Company
Jul. 6, 2012 Wuhan By phone Individual
tradable shares continually suffer loss for the
interim earnings?
5
1 shareholder with Will the Company’s shares be
Jul. 18, 2012 Wuhan By phone Individual
tradable shares delisted?
Will the Company’s shares be
1 shareholder with
Jul. 24, 2012 Wuhan By phone Individual delisted? Is there any solution to
tradable shares
preventing delisting?
1 shareholder with Is there any solution to prevent
Jul. 26, 2012 Wuhan By phone Individual
tradable shares delisting? What’s the progress?
Why are the supplementary
2 shareholders with documents for relisting
Aug. 2, 2012 Wuhan By phone Individual
tradable shares application always in preparation?
When will it be submitted?
What’s the progress of the
1 shareholder with Company’s application for
Aug. 15, 2012 Wuhan By phone Individual
tradable shares relisting? Is there any solution to
prevent delisting?
When will the Company’s shares
2 shareholders with
Aug. 21, 2012 Wuhan By phone Individual be relisted? Is there any concrete
tradable shares
plan to prevent delisting?
Will the Company give a
reorganization plan to prevent
2 shareholders with
Sep. 4, 2012 Wuhan By phone Individual delisting? Will the Company’s
tradable shares
shares be relisted by the end of
this year?
Does the Company have any
feasible plan to prevent delisting?
2 shareholders with
Sep. 6, 2012 Wuhan By phone Individual When will the Company submit
tradable shares
the supplementary documents for
relisting application?
5. Corporate bonds issued
Any corporate bonds issued?
□ Yes √ No
IV. Appendix
）））） （（（（
I Financial statements
Consolidated statements or not?
√ Yes □ No □ Inapplicable
The currency unit for data of the financial statements below is RMB Yuan unless otherwise specified.
1. Consolidated balance sheet
Prepared by Wuhan Boiler Company Limited
Unit: RMB Yuan
Item Balance as at Sept. 30, 2012 Balance as at Jun. 30, 2012
Current assets:
Monetary funds 8,661,749.07 22,999,242.02
Deposit reservation for balance
Outgoing call loans
Trading financial assets
Notes receivable 22,800,000.00 30,800,000.00
Accounts receivable 189,673,845.80 371,210,285.79
Prepayment 64,065,625.56 39,005,432.77
6
Insurance receivables
Reinsurance receivables
Provision of reinsurance contract reserve
receivable
Interest receivable
Dividend receivable
Other receivables 96,477,688.33 103,236,840.39
Financial assets purchased under
agreement to resell
Inventories -174,108,090.69 240,116,922.49
Non-current assets due within 1 year
Other current assets
Total current assets 207,570,818.07 807,368,723.46
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
Investment property
Fixed assets 750,719,133.89 766,802,430.73
Construction in progress 2,261,340.48 2,398,543.47
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 79,954,666.17 85,835,314.34
R&D expenses
Goodwill
Long-term deferred expenses
Deferred income tax assets 50,454,146.60 80,882,420.54
Other non-current assets 5,790,508.71
Total non-current assets 883,389,287.14 941,709,217.79
Total assets 1,090,960,105.21 1,749,077,941.25
Current liabilities:
Short-term loans 1,515,000,000.00 1,563,000,000.00
Loans from central bank
Deposits received and held for others
Call loans received
Held-for-trading financial liabilities
Notes payable 45,548,201.49
Accounts payable 256,670,645.19 309,278,906.64
Advance from customers 495,259,510.11 912,493,449.25
Financial assets sold under agreements to
repurchase
Fees and commissions payable
Payroll payable 52,024,956.74 57,680,171.01
7
Taxes payable -117,796,356.06 -108,883,733.20
Interest payable 2,016,270.00 2,016,270.00
dividend payable 562,000.00 562,000.00
Other payables 78,887,437.51 97,831,275.42
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 2,282,624,463.49 2,879,526,540.61
Non-current liabilities:
Long-term loans
Bonds payable
Long-term payables
Specific payables
Provision for liabilities
Deferred income tax liabilities
Other non-current liabilities 11,572,218.43 16,132,004.95
Total non-current liabilities 11,572,218.43 16,132,004.95
Total liabilities 2,294,196,681.92 2,895,658,545.56
Owners’ equity (or shareholders’ equity):
Paid-in capital (or share capital) 297,000,000.00 297,000,000.00
Capital reserve 174,659,407.46 174,659,407.46
Less treasury stock
：
Specific reserve
Surplus reserve 39,418,356.83 39,418,356.83
General risk provision
Retained earnings -1,716,025,398.37 -1,659,956,146.16
Foreign exchange difference
Total owners’ equity attributable to the
-1,204,947,634.08 -1,148,878,381.87
Company
Minority interests 1,711,057.37 2,297,777.56
Total owners’ (or shareholders’) equity -1,203,236,576.71 -1,146,580,604.31
Total liabilities & owners’ (or
1,090,960,105.21 1,749,077,941.25
shareholders’) equity
Legal representative: YEUNG Kwok Wei Richard Person-in-charge of the accounting work: CHIN Wee Hua
Chief of the accounting division: LI Yihao
2. Balance sheet of the Company
Prepared by Wuhan Boiler Company Limited
Unit: RMB Yuan
Item Balance as at Sept. 30, 2012 Balance as at Jun. 30, 2012
Current assets:
8
Monetary funds 7,128,245.46 21,560,606.33
Trading financial assets
Notes receivable 22,800,000.00 30,800,000.00
Accounts receivable 188,355,573.34 369,042,511.88
Prepayment 64,065,625.56 39,005,432.77
Interest receivable
Dividend receivable
Other receivables 96,747,012.73 103,457,164.68
Inventories -174,108,090.69 240,116,922.49
Non-current assets due within 1 year
Other current assets
Total current assets 204,988,366.40 803,982,638.15
Non-current assets ：
Available-for-sale financial assets
Investment held to maturity
Long-term receivables
Long-term equity investment 24,984,500.00 39,234,287.13
Investment property
Fixed assets 750,876,110.88 766,959,407.72
Construction in progress 2,261,340.48 2,398,543.47
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 79,954,666.17 85,835,314.34
R&D expenses
Goodwill
Long-term deferred expenses
Deferred income tax assets 50,454,146.60 80,882,420.54
Other non-current assets 5,790,508.71
Total non-current assets 908,530,764.13 981,100,481.91
Total assets 1,113,519,130.53 1,785,083,120.06
Current liabilities:
Short-term loans 1,515,000,000.00 1,563,000,000.00
Trading financial liabilities
Notes payable 45,548,201.49
Accounts payable 257,106,645.19 314,236,789.08
Advance from customers 495,259,510.11 912,493,449.25
Payroll payable 51,824,317.20 57,479,531.47
Taxes payable -117,796,356.06 -108,883,733.20
Interest payable 2,016,270.00 2,016,270.00
Dividend payable
Other payables 115,887,390.27 135,779,767.30
Non-current liabilities due within 1year
Other current liabilities
Total current liabilities 2,319,297,776.71 2,921,670,275.39
9
Non-current liabilities:
Long-term loans
Bonds payable
Long-term payables
Specific payables
Provision for liabilities
Deferred income tax liabilities
Other non-current liabilities 11,572,218.43 16,132,004.95
Total non-current liabilities 11,572,218.43 16,132,004.95
Total liabilities 2,330,869,995.14 2,937,802,280.34
Owners’ equity (or shareholders’ equity):
Paid-in capital (or share capital) 297,000,000.00 297,000,000.00
Capital reserve 174,854,304.12 174,854,304.12
Less treasury stock
：
Specific reserve
Surplus reserve 39,418,356.83 39,418,356.83
General risk provision
Retained earnings -1,728,623,525.56 -1,663,991,821.23
Foreign exchange difference
Total owners’ (or shareholders’) equity -1,217,350,864.61 -1,152,719,160.28
Total liabilities & owners’ (or
1,113,519,130.53 1,785,083,120.06
shareholders’) equity
Legal representative: YEUNG Kwok Wei Richard Person-in-charge of the accounting work: CHIN Wee Hua
Chief of the accounting division: LI Yihao
3. Consolidated income statement in this report period
Prepared by Wuhan Boiler Company Limited
Unit: RMB Yuan
Item Jul.-Sept. 2012 Jul.-Sept. 2011
I. Total revenue 163,869,332.86 78,370,120.24
Including: revenue 163,869,332.86 78,370,120.24
Interest income
Premium income
Fee and commission income
II. Total cost of sales 189,675,185.02 117,894,859.80
Including: cost of sales 207,020,107.42 93,888,847.00
Interest expenses
Service charge and commission income
Cash surrender value
Claim expenses-net
Provision for insurance contract
reserves-net
Insurance policy dividend paid
Reinsurance expense
Business taxes and surcharges
10
Distribution expenses 3,187,461.67 3,060,401.43
Administrative expenses 5,914,764.69 7,583,914.98
Financial costs 24,642,576.15 22,740,961.65
Impairment loss -51,089,724.91 -9,379,265.26
Add: gain/(loss) from change in fair value
-3,693,629.10 6,044,730.10
(“-” means loss)
Gain/(loss) from investment (“-” means
loss)
Including: income from investment on
associates and joint ventures
Gain or loss on foreign exchange (“-”
means loss)
III. Business profit (“-” means loss): -29,499,481.26 -33,480,009.46
Add: non-business income 551,481.74 69,444.00
Less: non-business expense
Including: loss from non-current asset
disposal
IV. Total profit (“-” means loss) -28,947,999.52 -33,410,565.46
Less: income tax expense 2,748,718.99 1,313,199.79
V. Net profit (“-” means loss) -31,696,718.51 -34,723,765.25
Including: net profit achieved by the
merged parties before business mergers
Attributable to owners of the Company -31,685,662.71 -34,721,745.81
Minority shareholders’ income -11,055.80 -2,019.44
VI. Earnings per share -- --
(I) Basic earnings per share -0.11 -0.12
(II) Diluted earnings per share -0.11 -0.12
VII. Other comprehensive income
VIII. Total comprehensive income -31,696,718.51 -34,723,765.25
Attributable to owners of the
-31,685,662.71 -34,721,745.81
Company
Attributable to minority shareholders -11,055.80 -2,019.44
Where business mergers under the same control occurred in this report period, the net profit achieved by the merged parties before
the business mergers was RMB 0.00.
Legal representative: YEUNG Kwok Wei Richard Person-in-charge of the accounting work: CHIN Wee Hua
Chief of the accounting division: LI Yihao
4. Income statement of the Company in the report period
Prepared by Wuhan Boiler Company Limited
Unit: RMB Yuan
Item Jul.-Sept. 2012 Jul.-Sept. 2011
I. Total revenue 163,869,332.86 78,370,120.24
Less: cost of revenue 207,020,107.42 93,888,847.00
Business taxes and surcharges
Distribution expenses 3,187,461.67 3,060,401.43
Administrative expenses 5,889,068.79 7,571,062.74
Financial costs 24,644,058.55 22,755,330.12
11
Impairment loss -51,286,627.31 -9,394,303.97
Add: gain/(loss) from change in fair value
-3,693,629.10 6,044,730.10
(“-” means loss)
Gain/(loss) from investment (“-” means
loss)
Including: income from investment on
associates and joint ventures
II. Business profit (“-” means loss): -29,278,365.36 -33,466,486.98
Add: non-business income 551,481.74 69,444.00
Less: non-business expense
Including: loss from non-current asset
disposal
III. Total profit (“-” means loss) -28,726,883.62 -33,397,042.98
Less: income tax expense 2,748,718.99 1,313,199.79
IV. Net profit (“-” means loss) -31,475,602.61 -34,710,242.77
V. Earnings per share -- --
(I) Basic earnings per share -0.11 -0.12
(II) Diluted earnings per share -0.11 -0.12
VI. Other comprehensive income
VII. Total comprehensive income -31,475,602.61 -34,710,242.77
Legal representative: YEUNG Kwok Wei Richard Person-in-charge of the accounting work: CHIN Wee Hua
Chief of the accounting division: LI Yihao
5. Consolidated income statement from Jan. 1, 2012 to Sept. 30, 2012
Prepared by Wuhan Boiler Company Limited
Unit: RMB Yuan
Item Jan.-Sept. 2012 Jan.-Sept. 2011
I. Total revenue 540,447,035.16 326,702,172.24
Including: revenue 540,447,035.16 326,702,172.24
Interest income
Premium income
Fee and commission income
II. Total cost of sales 567,794,109.91 478,676,003.27
Including: cost of sales 511,246,579.34 371,420,038.13
Interest expenses
Service charge and commission income
Cash surrender value
Claim expenses-net
Provision for insurance contract
reserves-net
Insurance policy dividend paid
Reinsurance expense
Business taxes and surcharges 1,130.00 126,648.93
Distribution expenses 6,935,773.77 8,330,126.30
Administrative expenses 14,958,965.66 23,895,799.17
Financial costs 81,016,851.27 54,244,237.62
12
Impairment loss -46,365,190.13 20,659,153.12
Add: gain/(loss) from change in fair value
-842,943.74 -5,502,367.85
(“-” means loss)
Gain/(loss) from investment (“-” means
loss)
Including: income from investment on
associates and joint ventures
Gain and loss on foreign exchange
difference (“-” means loss)
III. Business profit (“-” means loss) -28,190,018.49 -157,476,198.88
Add: non-business income 1,972,106.35 243,055.26
Less: non-business expense 9,786.32 113,878.73
Including: loss from non-current asset
1,786.32 113,878.73
disposal
IV. Total profit (“-” means loss) -26,227,698.46 -157,347,022.35
Less: income tax expense 30,428,273.94 -4,018,541.29
V. Net profit (“-” means loss): -56,655,972.40 -153,328,481.06
Including: net profit achieved by the
merged parties before business mergers
Attributable to owners of the Company -56,069,252.21 -153,270,472.46
Minority interest -586,720.19 -58,008.60
VI. Earnings per share: -- --
(I) Basic earnings per share -0.19 -0.52
(II) Diluted earnings per share -0.19 -0.52
VII. Other comprehensive income
VIII. Total comprehensive income -56,655,972.40 -153,328,481.06
Attributable to owners of the
-56,069,252.21 -153,270,472.46
Company
Attributable to minority shareholders -586,720.19 -58,008.60
Where business mergers under the same control occurred from Jan 1, 2012 to Sep 30, 2012, the net profit achieved by the merged
parties before the business mergers was RMB 0.00.
Legal representative: YEUNG Kwok Wei Richard Person-in-charge of the accounting work: CHIN Wee Hua
Chief of the accounting division: LI Yihao
6. Income statement of the Company from 1 Jan. 2012 to 30 Sept. 2012
Prepared by Wuhan Boiler Company Limited
Unit: RMB Yuan
Item Jan.-Sept. 2012 Jan.-Sept. 2011
I. Total revenue 540,447,035.16 326,702,172.24
Less: cost of revenue 511,246,579.34 371,420,038.13
Business taxes and surcharges 1,130.00 126,648.93
Distribution expenses 6,935,773.77 8,330,126.30
Administrative expenses 14,917,491.76 23,882,334.13
Financial costs 81,021,719.19 54,259,251.80
Impairment loss -46,715,432.79 20,724,182.32
Add: gain/(loss) from change in fair value
-842,943.74 -5,502,367.85
(“-” means loss)
13
Gain/(loss) from investment (“-” means
-14,249,787.13
loss)
Including: income from investment on
associates and joint ventures
II. Business profit (“-” means loss) -42,052,956.98 -157,542,777.22
Add: non-business income 7,851,312.91 243,055.26
Less: non-business expense 1,786.32 113,878.73
Including: loss from non-current asset
1,786.32 113,878.73
disposal
III. Total profit (“-” means loss) -34,203,430.39 -157,413,600.69
Less: income tax expense 30,428,273.94 -4,018,541.29
IV. Net profit (“-” means loss) -64,631,704.33 -153,395,059.40
V. Earnings per share -- --
(I) Basic earnings per share -0.22 -0.52
(II) Diluted earnings per share -0.22 -0.52
VI. Other comprehensive income
VII. Total comprehensive income -64,631,704.33 -153,395,059.40
Legal representative: YEUNG Kwok Wei Richard Person-in-charge of the accounting work: CHIN Wee Hua
Chief of the accounting division: LI Yihao
7. Consolidated cash flow statement from 1 Jan. 2012 to 30 Sept. 2012
Prepared by Wuhan Boiler Company Limited
Unit: RMB Yuan
Item Jan.-Sept. 2012 Jan.-Sept. 2011
I. Cash flows from operating activities:
Cash received from sales of goods or
530,231,907.75 210,466,148.14
rending of services
Net increase of deposits received and
held for others
Net increase of loans from central
bank
Net increase of inter-bank loans from
other financial institutions
Cash received against original
insurance contracts
Net cash received from reinsurance
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 inter bank fund
received
Net increase of cash received under
repurchasing
Tax and fare returned
Other cash received from operating
948,122.46 2,504,855.78
activities
14
Sub-total of cash inflow from operating
531,180,030.21 212,971,003.92
activities
Cash paid for goods and services 200,613,091.99 328,666,883.40
Net increase of loans and advances
from customer
Net increase of deposit in central bank,
banks and other financial institutions
Cash paid for original contract claim
Cash paid for interest, fees and
commissions
Cash paid for policy dividend
Cash paid to and for employees 122,376,198.82 117,494,074.73
Cash paid for all types of taxes 15,979,550.03 7,033,497.30
Other cash paid relating to operating
62,522,941.16 57,267,433.52
activities
Sub-total of cash outflows from operating
401,491,782.00 510,461,888.95
activities
Net cash flows from operating activities 129,688,248.21 -297,490,885.03
II. Cash flows from investing activities:
Cash received from retraction of
investment
Cash received from investment income
Net cash received from disposal of
fixed assets, intangible assets and other 11,000.00 5,660.00
long-term assets
Net cash received from disposal of
subsidiaries and other operating units
Other cash received relating to
107,137.86 1,859,081.74
investing activities
Sub-total of cash inflows of investing
118,137.86 1,864,741.74
activities
Cash paid for acquisition of fixed
assets, intangible assets and other long-term 19,569,868.26 13,135,101.66
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 investing
298,006.64 367,074.64
activities
Sub-total of cash outflows of investing
19,867,874.90 13,502,176.30
activities
Net cash flow from investing activities -19,749,737.04 -11,637,434.56
III. Cash flows from financing activities:
Cash received from investment
Including: cash received by
subsidiaries from minority shareholders
Cash received from borrowings 513,000,000.00 568,000,000.00
Cash received from bonds issuing
Other cash received relating to
financing activities
Sub-total of cash inflows of financing 513,000,000.00 568,000,000.00
15
activities
Cash paid for repayment of
561,000,000.00 193,000,000.00
borrowings
Cash paid for dividends, profit
69,312,745.50 52,632,274.75
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 financing
630,312,745.50 245,632,274.75
activities
Net cash flow from financing activities -117,312,745.50 322,367,725.25
IV. Effect of foreign exchange rate changes
-6,963,458.65 -210,700.15
on cash and cash equivalents
V. Net increase in cash and cash
-14,337,692.98 13,028,705.51
equivalents
Add: cash and cash equivalents at the
20,388,030.03 10,491,275.05
beginning of this period
VI. Cash and cash equivalents at the end of
6,050,337.05 23,519,980.56
this period
Legal representative: YEUNG Kwok Wei Richard Person-in-charge of the accounting work: CHIN Wee Hua
Chief of the accounting division: LI Yihao
8. Cash flow statement of the Company from 1 Jan. 2012 to 30 Sept. 2012
Prepared by Wuhan Boiler Company Limited
Unit: RMB Yuan
Item Jan.-Sept. 2012 Jan.-Sept. 2011
I. Cash flows from operating activities:
Cash received from sales of goods
530,141,907.75 209,919,488.40
or rending of services
Tax and fare returned
Other cash received from operating
948,122.46 2,294,768.73
activities
Sub-total of cash inflow from
531,090,030.21 212,214,257.13
operating activities
Cash paid for goods and services 200,613,091.99 328,255,030.60
Cash paid to and for employees 122,376,198.82 117,494,074.73
Cash paid for all types of taxes 15,979,550.03 7,033,497.30
Other cash paid relating to
62,522,941.16 57,678,433.52
operating activities
Sub-total of cash outflows from
401,491,782.00 510,461,036.15
operating activities
Net cash flows from operating
129,598,248.21 -298,246,779.02
activities
II. Cash flows from investing activities:
Cash received from retraction of
investment
Cash received from investment
income
Net cash received from disposal of 11,000.00 5,660.00
16
fixed assets, intangible assets and other
long-term assets
Net cash received from disposal of
subsidiaries and other operating units
Other cash received relating to
101,949.94 1,843,597.56
investing activities
Sub-total of cash inflows of
112,949.94 1,849,257.56
investing activities
Cash paid for acquisition of fixed
assets, intangible assets and other 19,569,868.26 13,135,101.66
long-term assets
Cash paid for acquisition of
investments
Net cash paid for acquisition of
subsidiaries and other operating units
Other cash paid relating to
297,686.64 366,844.64
investing activities
Sub-total of cash outflows of
19,867,554.90 13,501,946.30
investing activities
Net cash flow from investing
-19,754,604.96 -11,652,688.74
activities
III. Cash flows from financing activities
Cash received from investment
Cash received from borrowings 513,000,000.00 568,000,000.00
Cash received from bonds issuing
Other cash received relating to
financing activities
Sub-total of cash inflows of
513,000,000.00 568,000,000.00
financing activities
Cash paid for repayment of
561,000,000.00 193,000,000.00
borrowings
Cash paid for dividends, profit
69,312,745.50 52,632,274.75
distribution or interest
Other cash paid relating to
financing activities
Sub-total of cash outflows of
630,312,745.50 245,632,274.75
financing activities
Net cash flow from financing
-117,312,745.50 322,367,725.25
activities
IV. Effect of foreign exchange rate
-6,963,458.65 -210,700.15
changes on cash and cash equivalents
V. Net increase in cash and cash
-14,432,560.90 12,257,557.34
equivalents
Add: cash and cash equivalents at
18,949,394.34 9,827,144.54
the beginning of this period
VI. Cash and cash equivalents at the
4,516,833.44 22,084,701.88
end of this period
Legal representative: YEUNG Kwok Wei Richard Person-in-charge of the accounting work: CHIN Wee Hua
Chief of the accounting division: LI Yihao
17
(II) Auditor’s report
Auditor’s opinion unaudited
Chairman of the Board of Directors: YEUNG Kwok Wei Richard
The Board of Directors of Wuhan Boiler Company Limited
October 25, 2012
18
