2014 Quarterly One Report of Wuhan Boiler Company Limited
WUHAN BOILER COMPANY LIMITED
2014 QUARTERLY ONE REPORT
2014-043
April 2014
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2014 Quarterly One Report of Wuhan Boiler Company Limited
Section I Important Notes
The Board of Directors, the Board of Supervisors, Board Directors, Supervisors and Senior Management of
Wuhan Boiler Company Limited (hereinafter referred to as “the Company”) hereby confirm that this Quarterly
Report is authentic, accurate and complete without any misstatement, misleading statement or material omission,
and will take individual and joint and several liabilities for that.
All Board Directors have attended the Board Meeting for reviewing this Quarterly Report.
Mr. Yeung Kwok Wei Richard, Company Principal, Mr. Chin Wee Hua, Accounting Principal, and Mr. Li Yihao,
the Accounting Division’s Principal (Accounting Manager), hereby ensure that the Financial Statements enclosed
in this Quarterly Report is authentic, accurate and complete.
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2014 Quarterly One Report of Wuhan Boiler Company Limited
Section II Major Financial Data & Change of Shareholders
I. Main 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
Jan.-Mar. 2014 Jan.-Mar. 2013 +/- (%)
Total revenue (RMB Yuan) 275,216,043.88 275,946,007.96 -0.26%
Net profit attributable to shareholders of
24,452,751.47 -11,982,520.40 304.07%
the Company (RMB Yuan)
Net profit attributable to shareholders of
the Company after extraordinary gains and 24,326,529.41 -12,399,533.71 296.19%
losses (RMB Yuan)
Net cash flow from operating activities
163,194,766.88 -85,520,954.99 290.82%
(RMB Yuan)
Basic EPS (RMB Yuan/share) 0.08 -0.04 300%
Diluted EPS (RMB Yuan/share) 0.08 -0.04 300%
31 Mar. 2014 31 Dec. 2013 +/- (%)
Total assets (RMB Yuan) 1,277,599,941.04 1,339,647,873.78 -4.63%
Owners’ equity attributable to shareholders
-1,339,038,090.66 -1,363,490,842.13 1.79%
of the Company (RMB Yuan)
Items and amounts of non-recurring gains and losses
√ Applicable □ Not applicable
Unit: RMB Yuan
Item 31 Dec. 2013-31 Mar. 2014 Explanation
Gain/loss on the disposal of non-current assets (including the
59,767.52 Fixed asset disposal
offset part of the asset impairment provisions)
Expenses on business reorganization, such as expenses on staff Deferred revenue related to new
69,444.00
arrangements, integration, etc. factory land use right
Other non-operating incomes and expenses besides the items
-2,989.46
above
Total 126,222.06
Explain the reasons if the Company classifies an item as a non-recurring gain/loss according to the definition in
the Explanatory Announcement No. 1 on Information Disclosure for Public Listed Companies – Non-recurring
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2014 Quarterly One Report of Wuhan Boiler Company Limited
Gains and Losses, or classifies any non-recurring 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 shareholdings of top 10 shareholders
Unit: share
Total number of shareholders at the
8,117
period-end
Shareholdings of top 10 shareholders
Number of Pledged or frozen shares
Name of Nature of Shareholding
Total shares held non-tradable
shareholder shareholder percentage (%) Status of shares Number of shares
shares held
ALSTOM
(CHINA) Domestic
INVESTMENT non-state-owned 51% 151,470,000 151,470,000
COMPANY corporation
LIMITED
WUHAN
State-owned
BOILER GROUP 6.91% 20,530,000 20,530,000
corporation
CO., LTD.
Domestic natural
WANG XIAO 0.9% 2,672,800 0
person
Domestic natural
CHEN PENG 0.79% 2,331,545 0
person
Domestic natural
HU ZHIHONG 0.47% 1,390,397 0
person
Domestic natural
CHEN CHUYUN 0.46% 1,372,450 0
person
HSBC
BROKING
SECURITIES Foreign
0.4% 1,195,114 0
(ASIA) corporation
LIMITED-CLIE
NTS A/C
CHINA
MERCHANTS
State-owned
SECURITIES 0.39% 1,163,236 0
corporation
(HK) CO.,
LIMITED
WU ZHENFA Domestic natural 0.38% 1,138,028 0
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2014 Quarterly One Report of Wuhan Boiler Company Limited
person
ZHUANG Domestic natural
0.35% 1,045,000 0
CHANGXIONG person
Shareholdings of top 10 shareholders with tradable shares
Type of shares
Name of shareholder Number of tradable shares held
Type Number
Domestically
WANG XIAO 2,672,800 listed foreign 2,672,800
shares
Domestically
CHEN PENG 2,331,545 listed foreign 2,331,545
shares
Domestically
HU ZHIHONG 1,390,397 listed foreign 1,390,397
shares
Domestically
CHEN CHUYUN 1,372,450 listed foreign 1,372,450
shares
Domestically
HSBC BROKING SECURITIES
1,195,114 listed foreign 1,195,114
(ASIA) LIMITED-CLIENTS A/C
shares
Domestically
CHINA MERCHANTS
1,163,236 listed foreign 1,163,236
SECURITIES (HK) CO., LIMITED
shares
Domestically
WU ZHENFA 1,138,028 listed foreign 1,138,028
shares
Domestically
ZHUANG CHANGXIONG 1,045,000 listed foreign 1,045,000
shares
Domestically
SUN WEIWEI 966,567 listed foreign 966,567
shares
Domestically
QIN HUI 909,286 listed foreign 909,286
shares
Explanation on affiliated The top ten shareholders of the Company are public shareholders who hold tradable B shares.
relationship or persons acting in The Company is not aware of whether there is any affiliated relationship among the top ten
concert among the above-mentioned shareholders with tradable shares and whether there are persons acting in concert among
shareholders them. The Company is not aware of whether there is any affiliated relationship among the top
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2014 Quarterly One Report of Wuhan Boiler Company Limited
ten shareholders and the top ten shareholders with tradable shares.
Top 10 shareholders taking part in
margin financing and securities Not applicable
lending (if any)
Did any shareholder of the Company carry out an agreed buy-back in the report period?
□ Yes √ No
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2014 Quarterly One Report of Wuhan Boiler Company Limited
Section III Significant Events
I. Significant changes of major accounting statement items and financial indicators in the
report period, as well as the reasons for these changes
1. Monetary funds increased by1794.81%, it’s mainly due to increase on project cash collection this period;
2. Notes receivable increased by 92.80%, it’s mainly due to increase on bank notes collection from customers this period;
3. Account receivables decreased by 73.50%, it’s mainly due to increase on AR collection from customers for AR booked in
previous years;
4. Inventories decreased by 57.36%, it’s mainly due to increase on progress billing of construction contract, and the
inventories on construction contracts decreased accordingly;
5. Other non-current assets decreased by 22350.65%, it’s mainly due to the increase on hedging loss of un-settled forward
contracts;
6. Interest payable decreased by 82.44%, it’s mainly due to repay the interest of loan this period;
7. Hedges in fair value of net income decreased by 106.28%, it’s mainly due to the increase on hedging loss of un-settled
forward contracts;
8. Non-operating income decreased by 73.02%, it’s mainly due to the decrease on the gains from the disposal of fixed assets
in the report period;
9. Non-operating cost decreased by 93.29%, it’s mainly due to the decrease in the losses from the disposal of fixed assets in
the report period;
10. Income tax expenses increased by 189.46%, it’s mainly due to the increase of temporary deductible differences resulted
from the bad debt provision this period;
11. Net cash flow from operating activities increased by 290.82%, it’s mainly due to increase on projects collection this period;
12. Net cash flow from investing activities decreased by 68.30%, it’s mainly due to the decrease in the cash received from
disposal of fixed assets;
13. Net cash flow from financing activities increased by 167.79%, it’s mainly due to increase on loan borrowing and decrease
on loan repayment this period;
II. Progress and influence of significant events and analysis & explanations on solutions
Due to a significant event in planning, upon application of the Company, trading of the Company’s stocks was suspended from Nov.
5, 2013 to Apr. 10, 2014. On Apr. 9, 2014, the Board of Directors of the Company convened the 4th Meeting of the 6th Board of
Directors, at which the Plan for Debt-to-equity Conversion was reviewed and approved. The plan is to convert the loan that Alstom
(China) Investment Company Limited has against the Company at an amount of RMB1.68 billion into the Company’s equities.
Index to the relevant announcement
Overview of the significant event Date of disclosure
disclosed on the website
Announcement of Wuhan Boiler Company Limited on Stock
Nov. 5, 2013 http://www.cninfo.com.cn
Trading Suspension for a Significant Event
Progress Announcement of Wuhan Boiler Company Limited Nov. 12, 2013 http://www.cninfo.com.cn
on Stock Trading Suspension for a Significant Event Apr. 8, 2014 http://www.cninfo.com.cn
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2014 Quarterly One Report of Wuhan Boiler Company Limited
Announcement of Wuhan Boiler Company Limited on stock
Apr. 10, 2014 http://www.cninfo.com.cn
Trading Resumption Regarding a Significant Event
III. Commitments made by the Company or any shareholder held more than 5% shares of the
Company in the report period or such commitments carried down into the report period
Commitment Contents of Time of making Period of
Commitment Fulfillment
maker commitment commitment commitment
Commitment on share reform - - - - -
Commitment in the acquisition report or
- - - - -
the report on equity changes
Commitment made in asset reorganization - - - - -
Commitment made in IPO or financing - - - - -
Other commitment made to minority
- - - - -
shareholders of the Company
IV. Forecast for the operating results of Jan.-Jun. 2014
Warning of possible losses or considerable year-on-year change of the accumulated net profit achieved during the period from the
beginning of the year to the end of the next report period according to forecast, as well as explanations on the reasons:
□ Applicable √ Not applicable
V. Securities investment
□ Applicable √ Inapplicable
Shareholdings in other listed companies
□ Applicable √ Inapplicable
VI. Derivatives investment
Unit: RMB Ten thousand
Proportio
n of the
closing
Related Impair
Opening investmen Actual
party Type of Initial ment Closing
Operat Beginning Ending investme t amount gain/loss
Relation transacti derivatives investmen provisio investmen
or date date nt in the in report
on or investment t amount n (if t amount
amount Company period
not any)
’s closing
net assets
(%)
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2014 Quarterly One Report of Wuhan Boiler Company Limited
Non-Relatio Forward
BNP No 2011-8-18 2013-4-2 0%
n FX contract
Non-Relatio Forward
HSBC No 7,065.38 2013-4-24 2014-5-27 7,065.38 3,098.2 2.31% 100.59
n FX contract
Non-Relatio Forward
SCB No 2,020.17 2012-3-29 2014-6-3 2,020.17 2,997.54 2.24% 13.5
n FX contract
Total 9,085.55 -- -- 9,085.55 6,095.74 4.55% 114.09
Capital source for derivatives investment Self-funded
Disclosure date of the board announcement
approving the derivative investment (if April 29, 2014
any)
Disclosure date of the general meeting
announcement approving the derivative
investment (if any)
VII. Researches, visits and interviews received in the report period
Main discussion and
Time of reception Place of reception Way of reception Visitor type Visitor materials provided by the
Company
The Company’s operating
results for 2013. When
2 shareholders with would trading of the
Jan. 28, 2014 Wuhan By phone Individual
tradable shares Company’s stocks be
resumed? Any progress on
the significant event?
The Company’s operating
results for 2013. Would
1 shareholder with
Feb. 26, 2014 Wuhan By phone Individual listing of the Company’s
tradable shares
stocks be suspended again
this year?
The Company’s operating
results in 2014. Any
1 shareholder with progress on the significant
Mar. 11, 2014 Wuhan By phone Individual
tradable shares event? When would trading
of the Company’s stocks be
resumed?
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2014 Quarterly One Report of Wuhan Boiler Company Limited
Section IV. Financial Statements
I. Financial statements
1. Consolidated balance sheet
Prepared by Wuhan Boiler Company Limited
Unit: RMB Yuan
Item Balance as at Mar. 31, 2014 Balance as at Dec. 31, 2013
Current assets:
Monetary funds 191,658,081.85 10,114,897.11
Deposit reservation for balance
Outgoing call loans
Trading financial assets
Notes receivable 28,919,752.48 15,000,000.00
Accounts receivable 58,675,588.35 221,376,068.36
Prepayment 55,703,969.95 66,353,048.93
Insurance receivables
Reinsurance receivables
Provision of reinsurance contract
reserve receivable
Interest receivable
Dividend receivable
Other receivables 63,505,506.33 58,418,447.82
Financial assets purchased under
agreement to resell
Inventories 57,319,752.88 134,413,065.46
Non-current assets due within 1 year
Other current assets
Total current assets 455,782,651.84 505,675,527.68
Non-current assets ：
Loan and payment on other’s behalf
disbursed
Available-for-sale financial assets
Investment held to maturity
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2014 Quarterly One Report of Wuhan Boiler Company Limited
Long-term receivables
Long-term equity investment
Investment property
Fixed assets 696,846,107.13 705,316,090.85
Construction in progress 2,239,455.03 2,245,077.87
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 72,525,283.07 73,865,912.61
R&D expenses
Goodwill
Long-term deferred expenses
Deferred income tax assets 52,907,041.42 52,533,127.61
Other non-current assets -2,700,597.45 12,137.16
Total non-current assets 821,817,289.20 833,972,346.10
Total assets 1,277,599,941.04 1,339,647,873.78
Current liabilities:
Short-term loans 1,680,000,000.00 1,629,200,000.00
Loans from central bank
Deposits received and held for others
Call loans received
Held-for-trading financial liabilities
Notes payable 46,646,750.00
Accounts payable 231,479,552.08 193,795,670.01
Advance from customers 587,602,931.51 803,079,341.99
Financial assets sold under
agreements to repurchase
Fees and commissions payable
Payroll payable 46,353,327.67 47,064,533.78
Taxes payable -22,833,289.35 -30,001,780.39
Interest payable 2,156,100.00 12,276,456.15
dividend payable 562,000.00 562,000.00
Other payables 40,265,955.51 41,329,411.60
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2014 Quarterly One Report of Wuhan Boiler Company Limited
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 2,612,233,327.42 2,697,305,633.14
Non-current liabilities:
Long-term loans
Bonds payable
Long-term payables
Specific payables
Provision for liabilities
Deferred income tax liabilities
Other non-current liabilities 3,613,875.78 5,051,752.88
Total non-current liabilities 3,613,875.78 5,051,752.88
Total liabilities 2,615,847,203.20 2,702,357,386.02
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 -1,850,115,854.95 -1,874,568,606.42
Foreign exchange difference
Total owners’ equity attributable to
-1,339,038,090.66 -1,363,490,842.13
the Company
Minority interests 790,828.50 781,329.89
Total owners’ (or shareholders’) equity -1,338,247,262.16 -1,362,709,512.24
Total liabilities & owners’ (or
1,277,599,941.04 1,339,647,873.78
shareholders’) equity
Legal representative: Chief of the accounting work: Chief of the accounting organ:
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2014 Quarterly One Report of Wuhan Boiler Company Limited
2. Balance sheet of the Company
Prepared by Wuhan Boiler Company Limited
Unit: RMB Yuan
Item Balance as at Mar. 31, 2014 Balance as at Dec. 31, 2013
Current assets:
Monetary funds 190,094,898.94 8,554,186.69
Trading financial assets
Notes receivable 28,919,752.48 15,000,000.00
Accounts receivable 58,041,988.35 220,742,468.36
Prepayment 55,703,969.95 66,353,048.93
Interest receivable
Dividend receivable
Other receivables 63,863,799.87 58,771,441.37
Inventories 57,319,752.88 134,413,065.46
Non-current assets due within 1 year
Other current assets
Total current assets 453,944,162.47 503,834,210.81
Non-current assets ：
Available-for-sale financial assets
Investment held to maturity
Long-term receivables
Long-term equity investment 24,984,500.00 24,984,500.00
Investment property
Fixed assets 697,003,084.12 705,473,067.84
Construction in progress 2,239,455.03 2,245,077.87
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 72,525,283.07 73,865,912.61
R&D expenses
Goodwill
Long-term deferred expenses
Deferred income tax assets 52,907,041.42 52,533,127.61
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2014 Quarterly One Report of Wuhan Boiler Company Limited
Other non-current assets -2,700,597.45 12,137.16
Total non-current assets 846,958,766.19 859,113,823.09
Total assets 1,300,902,928.66 1,362,948,033.90
Current liabilities:
Short-term loans 1,680,000,000.00 1,629,200,000.00
Trading financial liabilities
Notes payable 46,646,750.00
Accounts payable 231,915,552.08 194,231,670.01
Advance from customers 587,602,931.51 803,079,341.99
Payroll payable 46,183,731.69 46,894,937.80
Taxes payable -22,833,289.35 -30,001,780.39
Interest payable 2,156,100.00 12,276,456.15
Dividend payable
Other payables 78,143,613.92 79,014,270.02
Non-current liabilities due within
1year
Other current liabilities
Total current liabilities 2,649,815,389.85 2,734,694,895.58
Non-current liabilities:
Long-term loans
Bonds payable
Long-term payables
Specific payables
Provision for liabilities
Deferred income tax liabilities
Other non-current liabilities 3,613,875.78 5,051,752.88
Total non-current liabilities 3,613,875.78 5,051,752.88
Total liabilities 2,653,429,265.63 2,739,746,648.46
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
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2014 Quarterly One Report of Wuhan Boiler Company Limited
General risk provision
Retained earnings -1,863,798,997.92 -1,888,071,275.51
Foreign exchange difference
Total owners’ (or shareholders’) equity -1,352,526,336.97 -1,376,798,614.56
Total liabilities & owners’ (or
1,300,902,928.66 1,362,948,033.90
shareholders’) equity
Legal representative: Chief of the accounting work: Chief of the accounting organ:
3. Consolidated income statement
Prepared by Wuhan Boiler Company Limited
Unit: RMB Yuan
Item Jan.-Mar. 2014 Jan.-Mar. 2013
I. Total revenue 275,216,043.88 275,946,007.96
Including: revenue 275,216,043.88 275,946,007.96
Interest income
Premium income
Fee and commission income
II. Total cost of sales 248,983,909.00 286,836,213.42
Including: cost of sales 221,294,478.46 259,468,424.28
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 6,820.58
Distribution expenses 3,678,680.79 3,628,738.27
Administrative expenses 7,499,321.27 7,081,535.43
Financial costs 21,267,452.49 21,338,180.23
Impairment loss -4,762,844.59 -4,680,664.79
Add: gain/(loss) from change in fair
-2,270,020.67 -1,100,450.87
value (“-” means loss)
Gain/(loss) from investment (“-” means
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2014 Quarterly One Report of Wuhan Boiler Company Limited
loss)
Including: income from investment on
associates and joint ventures
Gain or loss on foreign exchange (“-”
means loss)
III. Business profit (“-” means loss): 23,962,114.21 -11,990,656.33
Add: non-business income 130,766.17 484,747.52
Less: non-business expense 4,544.11 67,734.21
Including: loss from non-current asset
disposal
IV. Total profit (“-” means loss) 24,088,336.27 -11,573,643.02
Less: income tax expense -373,913.81 417,969.84
V. Net profit (“-” means loss) 24,462,250.08 -11,991,612.86
Including: net profit achieved by the
merged parties before business mergers
Attributable to owners of the Company 24,452,751.47 -11,982,520.40
Minority shareholders’ income 9,498.61 -9,092.46
VI. Earnings per share
(I) Basic earnings per share 0.08 -0.04
(II) Diluted earnings per share 0.08 -0.04
VII. Other comprehensive income
VIII. Total comprehensive income 24,462,250.08 -11,991,612.86
Attributable to owners of the
Company 24,452,751.47 -11,982,520.40
Attributable to minority
9,498.61 -9,092.46
shareholders
Legal representative: Chief of the accounting work: Chief of the accounting organ:
4. Income statement of the Company
Prepared by Wuhan Boiler Company Limited
Unit: RMB Yuan
Item Jan.-Mar. 2014 Jan.-Mar. 2013
I. Total revenue 275,216,043.88 275,946,007.96
Less: cost of revenue 221,294,478.46 259,468,424.28
Business taxes and surcharges 6,820.58
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2014 Quarterly One Report of Wuhan Boiler Company Limited
Distribution expenses 3,678,680.79 3,628,738.27
Administrative expenses 7,494,121.27 7,074,820.62
Financial costs 21,268,824.74 21,339,381.63
Impairment loss -4,569,044.35 -4,857,000.45
Add: gain/(loss) from change in fair
-2,270,020.67 -1,100,450.87
value (“-” means loss)
Gain/(loss) from investment (“-” means
loss)
Including: income from investment on
associates and joint ventures
II. Business profit (“-” means loss): 23,772,141.72 -11,808,807.26
Add: non-business income 130,766.17 484,747.52
Less: non-business expense 4,544.11 67,734.21
Including: loss from non-current asset
disposal
III. Total profit (“-” means loss) 23,898,363.78 -11,391,793.95
Less: income tax expense -373,913.81 417,969.84
IV. Net profit (“-” means loss) 24,272,277.59 -11,809,763.79
V. Earnings per share
(I) Basic earnings per share 0.08 -0.04
(II) Diluted earnings per share 0.08 -0.04
VI. Other comprehensive income
VII. Total comprehensive income 24,272,277.59 -11,809,763.79
Legal representative: Chief of the accounting work: Chief of the accounting organ:
5. Consolidated cash flow statement
Prepared by Wuhan Boiler Company Limited
Unit: RMB Yuan
Item Jan.-Mar. 2014 Jan.-Mar. 2013
I. Cash flows from operating activities:
Cash received from sales of goods
254,910,974.61 57,289,240.66
or rending of services
Net increase of deposits received
and held for others
Net increase of loans from central
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2014 Quarterly One Report of Wuhan Boiler Company Limited
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 19,875,480.75 18,738,050.59
Other cash received from operating
76,033.67
activities
Sub-total of cash inflow from operating
274,862,489.03 76,027,291.25
activities
Cash paid for goods and services 61,542,021.14 115,119,470.46
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 37,424,330.94 36,632,946.98
Cash paid for all types of taxes 4,624,917.67 1,959,017.72
Other cash paid relating to
8,076,452.40 7,836,811.08
operating activities
Sub-total of cash outflows from
111,667,722.15 161,548,246.24
operating activities
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2014 Quarterly One Report of Wuhan Boiler Company Limited
Net cash flows from operating activities 163,194,766.88 -85,520,954.99
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 55,663.20 519,600.00
long-term assets
Net cash received from disposal of
subsidiaries and other operating units
Other cash received relating to
172,518.27 64,834.71
investing activities
Sub-total of cash inflows of
228,181.47 584,434.71
investing activities
Cash paid for acquisition of fixed
assets, intangible assets and other 488,697.94 647,914.81
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
299,513.84 269,269.67
investing activities
Sub-total of cash outflows of
788,211.78 917,184.48
investing activities
Net cash flow from investing
-560,030.31 -332,749.77
activities
III. Cash flows from financing
activities:
Cash received from investment
Including: cash received by
subsidiaries from minority shareholders
Cash received from borrowings 250,800,000.00 230,000,000.00
Cash received from bonds issuing
Other cash received relating to
financing activities
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2014 Quarterly One Report of Wuhan Boiler Company Limited
Sub-total of cash inflows of
250,800,000.00 230,000,000.00
financing activities
Cash paid for repayment of
200,000,000.00 235,000,000.00
borrowings
Cash paid for dividends, profit
32,339,309.99 22,232,250.00
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
232,339,309.99 257,232,250.00
financing activities
Net cash flow from financing
18,460,690.01 -27,232,250.00
activities
IV. Effect of foreign exchange rate
447,655.00 802,579.24
changes on cash and cash equivalents
V. Net increase in cash and cash
181,543,081.58 -112,283,375.52
equivalents
Add: cash and cash equivalents at
8,283,224.28 131,071,052.35
the beginning of this period
VI. Cash and cash equivalents at the
189,826,305.86 18,787,676.83
end of this period
Legal representative: Chief of the accounting work: Chief of the accounting organ:
6. Cash flow statement of the Company
Prepared by Wuhan Boiler Company Limited
Unit: RMB Yuan
Item Jan.-Mar. 2014 Jan.-Mar. 2013
I. Cash flows from operating activities:
Cash received from sales of goods
or rending of services 254,910,974.61 57,289,240.66
Tax and fare returned 19,875,480.75 18,738,050.59
Other cash received from operating
activities 76,033.67
Sub-total of cash inflow from
operating activities 274,862,489.03 76,027,291.25
Cash paid for goods and services 61,542,021.14 115,119,470.46
20
2014 Quarterly One Report of Wuhan Boiler Company Limited
Cash paid to and for employees 37,424,330.94 36,632,946.98
Cash paid for all types of taxes 4,624,917.67 1,959,017.72
Other cash paid relating to
operating activities 8,078,924.89 7,836,811.08
Sub-total of cash outflows from
operating activities 111,670,194.64 161,548,246.24
Net cash flows from operating
activities 163,192,294.39 -85,520,954.99
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
long-term assets 55,663.20 519,600.00
Net cash received from disposal of
subsidiaries and other operating units
Other cash received relating to
investing activities 172,518.27 63,357.31
Sub-total of cash inflows of
investing activities 228,181.47 582,957.31
Cash paid for acquisition of fixed
assets, intangible assets and other
long-term assets 488,697.94 647,914.81
Cash paid for acquisition of
investments
Net cash paid for acquisition of
subsidiaries and other operating units
Other cash paid relating to
investing activities 299,513.84 268,993.67
Sub-total of cash outflows of
investing activities 788,211.78 916,908.48
Net cash flow from investing
activities -560,030.31 -333,951.17
III. Cash flows from financing activities
Cash received from investment
Cash received from borrowings 250,800,000.00 230,000,000.00
21
2014 Quarterly One Report of Wuhan Boiler Company Limited
Cash received from bonds issuing
Other cash received relating to
financing activities
Sub-total of cash inflows of
financing activities 250,800,000.00 230,000,000.00
Cash paid for repayment of
borrowings 200,000,000.00 235,000,000.00
Cash paid for dividends, profit
distribution or interest 32,339,309.99 22,232,250.00
Other cash paid relating to
financing activities
Sub-total of cash outflows of
financing activities 232,339,309.99 257,232,250.00
Net cash flow from financing
activities 18,460,690.01 -27,232,250.00
IV. Effect of foreign exchange rate
changes on cash and cash equivalents 447,655.00 802,579.24
V. Net increase in cash and cash
equivalents 181,540,609.09 -112,284,576.92
Add: cash and cash equivalents at
the beginning of this period 6,722,513.86 129,536,056.34
VI. Cash and cash equivalents at the
end of this period 188,263,122.95 17,251,479.42
Legal representative: Chief of the accounting work: Chief of the accounting organ:
II. Audit report
Is this report audited?
□ Yes √ No
This report is not audited.
22