山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Shandong Zhonglu Oceanic Fisheries Co., Ltd.
SEMI-ANNUAL REPORT 2014
August 2014
1
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Section I. Important Notice, Contents and Paraphrase
Board of Directors, Supervisory Committee, all directors, supervisors and senior
executives of Shandong Zhonglu Oceanic Fisheries Co., Ltd. (hereinafter
referred to as the Company) hereby confirm that there are no any fictitious
statements, misleading statements, or important omissions carried in this report,
and shall take all responsibilities, individual and/or joint, for the reality,
accuracy and completion of the whole contents.
All directors are attended the Board Meeting for report deliberation.
The Company has no plans of cash dividend distributed, no bonus shares and
has no share converted from capital reserve either.
Li Wenyi, principal of the Company, Zhang Weiping, person in charger of
accounting works and Lei Lixin, person in charge of accounting organ
(accounting principal) hereby confirm that the Financial Report of Semi-Annual
Report 2014 is authentic, accurate and complete.
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山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Content
SEMI-ANNUAL REPORT 2014 ................................................................................ 1
Section I. Important Notice, Contents and Paraphrase .......................................... 2
Section II Company profile ........................................................................................ 5
Section III. Accounting data and summary of financial indexes ............................ 7
Section IV. Report of the Board of Directors ............................................................ 9
Section V. Iimportant Events .................................................................................... 16
Section VI. Changes in Shares and Particulars about Shareholders ................... 21
Section VII. Preferred Stock ..................................................................................... 25
Section VIII. Directors, Supervisors and Senior Executives ................................. 26
Section IX. Financial Report .................................................................................... 27
Section X. Documents available for reference ...................................................... 118
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山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Paraphrase
Items Refers to Definition
“Zhonglu Company”, “The Company” or
Refers to Shandong Zhonglu Oceanic Fisheries Company Limited
“Company”
" State-owned Assets Investment " or "
Refers to Shandong State-owned Assets Investment Holding Company Limited
Shandong State-owned Assets Investment "
"“Luxin Group” Refers to Luxin Investment Holding Company Limited
State-owned Assets Supervision and Administration Commission of
“SASAP” Refers to
Shandong Provincial Government
“CSRC” Refers to China Securities Regulatory Commission
“Shandong SRB” Refers to CSRC, Shandong Securities Regulatory Bureau
“The report” Refers to Semi-Annual Report for 2014 compiled by the Company
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山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Section II Company profile
I. Company Profile
Short form for share Zhonglu B Code for share 200992
Listing stock exchange Shenzhen Stock Exchange
Chinese name of the Company 山东省中鲁远洋渔业股份有限公司
Abbr. of Chinese name of the
中鲁远洋
Company(if applicable)
English name of the
Shandong Zhonglu Oceanic Fisheries Company Limited
Company(if applicable)
Abbr. of English name of the
zlyy
Company(if applicable)
Legal Representative Li Wenyi
II. Contact person and ways
Secretary of the Board Rep. of securities affairs
Name Zhou Feng Li Ying; Li Feng
No.43 Heping Rd, Jinan City, Shangdong No.43 Heping Rd, Jinan City, Shangdong
Contact adds.
Province Province
Tel. 0531-86553278 0531-86553276
Fax. 0531-86982906 0531-86982906
E-mail zlzqb@163.com zlzqb@163.com
III. Others
1. Way of contact
Whether registrations address, offices address and codes as well as website and email of the Company changed in reporting period or
not
□ Applicable √ Not applicable
Registrations address, offices address and codes as well as website and email of the Company has no change in reporting period,
found more details in Annual Report 2013.
2. Information disclosure and preparation place
Whether information disclosure and preparation place changed in reporting period or not
□ Applicable √ Not applicable
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山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
The newspaper appointed for information disclosure, website for semi-annual report publish appointed by CSRC and preparation
place for semi-annual report have no change in reporting period, found more details in Annual Report 2013.
3. Registration changes of the Company
Whether registration has changed in reporting period or not
□ Applicable √ Not applicable
Date/place for registration of the Company, registration number for enterprise legal license, number of taxation registration and
organization code have no change in reporting period, found more details in Annual Report 2013.
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山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Section III. Accounting data and summary of financial indexes
I. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting
error correction or not
□Yes √ No
Increase/decrease in this
Current period Same period of last year
report y-o-y
Operating revenue (RMB) 260,016,584.61 264,728,360.22 -1.78%
Net profit attributable to shareholders of
1,306,809.14 1,331,772.94 -1.87%
the listed company(RMB)
Net profit attributable to shareholders of
the listed company after deducting 1,127,784.64 194,138.55 480.92%
non-recurring gains and losses(RMB)
Net cash flow arising from operating
1,721,929.37 -20,915,097.21 108.23%
activities(RMB)
Basic earnings per share (RMB/Share) 0.005 0.005 0.00%
Diluted earnings per share (RMB/Share) 0.005 0.005 0.00%
Weighted average ROE (%) 0.24% 0.27% -0.03%
Increase/decrease in this
End of current period End of last period report-end over that of last
period-end
Total assets (RMB) 715,656,281.69 737,318,072.70 -2.94%
Net assets attributable to shareholder of
542,151,346.04 540,850,737.98 0.24%
listed company(RMB)
II. Difference of the accounting data under accounting rules in and out of China
1. Difference of the net profit and net assets disclosed in financial report, under both IAS (International
Accounting Standards) and Chinese GAAP (Generally Accepted Accounting Principles)
□ Applicable √ Not applicable
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山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
The Company has no difference of the net profit and net assets disclosed in financial report, under both IAS (International
Accounting Standards) and Chinese GAAP (Generally Accepted Accounting Principles) in reporting period
2. Difference of the net profit and net assets disclosed in financial report, under both foreign accounting
rules and Chinese GAAP (Generally Accepted Accounting Principles)
□ Applicable √ Not applicable
The Company has no difference of the net profit and net assets disclosed in financial report, under both foreign accounting rules and
Chinese GAAP (Generally Accepted Accounting Principles) in reporting period
II. Items and amounts of extraordinary profit (gains)/loss
√Applicable □Not applicable
In RMB
Item Amount Note
Gains/losses from the disposal of non-current asset (including the
-271,750.24
write-off that accrued for impairment of assets)
Governmental subsidy reckoned into current gains/losses (not
including the subsidy enjoyed in quota or ration according to
426,198.74
national standards, which are closely relevant to enterprise’s
business)
Other non-operating income and expenditure except for the
25,576.00
aforementioned items
Foreign donations -1,000.00
Total 179,024.50 --
Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for Companies
Offering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according to
the lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their
Securities to the Public --- Extraordinary Profit/loss, explain reasons
□ Applicable √ Not applicable
In reporting period, the Company has no particular about items defined as recurring profit (gain)/loss according to the lists of
extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to
the Public --- Extraordinary Profit/loss
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山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Section IV. Report of the Board of Directors
I. Introduction
In reporting period, the Company strictly accorded with 2014 working principle, focused on thoughts of
state-owned companies transformation. We closely followed the trace of macro economy policies. Based on better
capital operation and production, we insisted center of quality and interest improvement. Faced with domestic and
international economy and various difficulties, the Company coordinated from upper and lower levels. Finally we
accomplished the goal after hard work. In this period, we realized operating income of RMB 260,016,600, down
by 1.78% compared with the same period of last year; operating cost of RMB 239,126,000, up by 8.82%
compared with the same period of last year; net profit attributable to parent company of RMB 1,306,800, down by
1.87% compared with the same period of last year. The fishing capacity reached 6,872.76 tons.
II. Main business analysis
Y-o-y changes of main financial data
In RMB
Current period Same period of last year Y-o-y increase/decrease Reasons for changes
Operation revenue 260,016,584.61 264,728,360.22 -1.78%
Operation cost 239,126,034.18 219,741,407.76 8.82%
Sales expenses 2,138,614.48 2,162,304.33 -1.10%
Administrative expenses 16,577,378.13 13,721,691.25 20.81%
At same period of last
year, more interest
income from taking back
the equity of Qingdao
Financial cost 1,091,710.54 244,394.62 346.70%
Double-Whale that
transferred, thus financal
cost in last period
declined greatly
Enterprise income tax for
Income tax expense 144,258.54 28,100.00 413.38% year of 2013 was paid by
Haiyan subsidiary
The fish stock last period
Net cash flow arising has sold in the Period and
1,721,929.37 -20,915,097.21 108.23%
from operation activities with major amount
received
Net cash flow arising -11,624,249.91 9,392,667.50 -223.76% Insurance indemnity of
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山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
from investment Taifu 102 received in the
activities same period of last year
The repayment increased
in the Period, and there is
Net cash flow arising
-1,873,220.21 32,716,152.93 -105.73% no investment absorbed
from financing activities
compare with same
period of last year
Net increase of cash and Same to the above 3
-11,601,442.24 20,966,388.76 -155.33%
cash equivalent items
Major changes on profit composition or profit resources in reporting period
□ Applicable √ Not applicable
No major changes on profit composition or profit resources occurred in reporting period
The future development and planning extended to reporting period that published in disclosure documents as prospectus, private
placing memorandum and recapitalize statement
□ Applicable √ Not applicable
No future development and planning extended to reporting period that published in disclosure documents as prospectus, private
placing memorandum and recapitalize statement
Review on the previous business plan and its progress during reporting period
The business plan disclosed last period have completed, no particular about project progress in the Period
III. Constitution of main business
In RMB
Increase or Increase or Increase or
decrease of decrease of decrease of gross
Operating
Operating cost Gross profit ratio operating revenue operating cost profit ratio over
revenue
over same period over same period same period of
of last year of last year last year
According to industries
Pelagic fishery
122,918,154.00 127,290,438.93 -3.56% 66.06% 148.84% -34.45%
and reprocess
Management and
rent of
refrigerated 39,292,689.17 29,690,426.42 24.44% -1.13% -3.08% 1.52%
transportation
ships
Aquatic product
process, freeze, 93,331,638.49 81,231,958.09 12.96% -36.61% -40.78% 6.13%
etc
Total 255,542,481.66 238,212,823.44 6.78% -2.09% 8.79% 6.78%
According to products
Tuna 122,918,154.00 127,290,438.93 -3.56% 66.06% 148.84% -34.45%
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山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Ship Rental 39,292,689.17 29,690,426.42 24.44% -1.13% -3.08% 1.52%
Aquatic product
process and cold 93,331,638.49 81,231,958.09 12.96% -36.61% -40.78% 6.13%
storage
Total 255,542,481.66 238,212,823.44 6.78% -2.09% 8.79% 6.78%
According to region
Mainland China 50,764,857.38 51,956,256.59 -2.35% -27.61% -15.14% -15.04%
Taiwan China 63,946,569.19 52,764,811.56 17.49% -12.81% 9.58% -16.86%
H.K. China -100.00% -100.00% -6.73%
Japan 73,068,011.07 69,203,366.99 5.29% -3.28% -1.79% -1.44%
Singapore 14,845,442.29 14,171,390.55 4.54% 93.30% 97.84% -2.19%
Ghana 6,698,425.81 6,560,238.17 2.06% 13.10% 19.34% -5.12%
South Korea 31,322,760.73 29,666,066.92 5.29% 86.56% 89.45% -1.44%
Other 14,896,415.19 13,890,692.66 6.75% 6.75%
Total 255,542,481.66 238,212,823.44 6.78% -2.09% 8.79% 6.78%
IV. Core competitive-ness analysis
As a comprehensive fishing corporation, main business covers various sections of this industry. And all the
sections have close connection with each other. This kind of overall coordination guaranteed reform of operation
and strategy of enhancing and extending industry chain. The capacity volume of the deep-sea fishing was stable,
increased against last year. Whatever in terms of number of vessels or the total tonnage or profitability, existing
international refrigerated shipping fleet tops in domestic. In 2014, the production was stable and ships renew
program ran in smooth progress. Subsidiary Yantai Food has the largest ultra-low temperature cold storage and
fresh tuna processing plants, with HACCP and EU registration (3700/02832), in which throughput capacity of
ultra-low temperature tuna accounts for more than half of the country. In the first half of 2014, "China Trade
Center for Tuna and China Deep Ocean Tuna base developed very well. And its new electronic trading platform
for tuna normally operated, which also enhanced advantage of tuna extending string fishing and processing in
trade. Meanwhile, the Company put efforts to improve the level of equipment fleets to accelerate replacement of
old ships, and actively explored new opportunities for investment and cooperation, in order to obtain a new room
for growth.
The above factors laid intensified strategic support for growth of the Company. We will make use of these
strategic resources, innovate, speed up strategic transition, largely promote extending the industry, and further
improve competitiveness and influence of the Company in the both domestic and global market.
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山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
V. Investment analysis
1. Equity investment outside
(1) Investment outside
□ Applicable √ Not applicable
The Company has no investment outside in the Period
(2) Holding equity of financial enterprise
□ Applicable √ Not applicable
The Company has no equity of financial enterprise held in the Period
(3) Securities investment
□ Applicable √ Not applicable
The Company has no securities investment in the Period
2. Trust financing, investment of derivatives and entrustment loan
(1) Trust financing
□ Applicable √ Not applicable
The Company has no trust financing in the Period
(2) Investment of derivatives
□ Applicable √ Not applicable
The Company has no derivatives investment in the Period
(3) Entrustment loan
□ Applicable √ Not applicable
The Company has no entrustment loan in the Period
3. Application of raised proceeds
(1)Overall application of raised proceeds
□ Applicable √ Not applicable
(2) Situation of committed project of raised proceeds
□ Applicable √ Not applicable
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山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
(3)The changed project of raised proceeds
□ Applicable √ Not applicable
The Company has no project of raised proceeds changed in the Period
(4) Project of raised proceeds
Project of raised proceeds and summary Disclosure date Disclosure index
4. Main subsidiaries and joint-stock companies analysis
√ Applicable □ Not applicable
Main subsidiaries and joint-stock companies
In RMB
Main
Industry Registered Operation Operation
Name Type products or Total assets Net assets Net profit
involved capital revenue profit
service
Internationa
l ocean
Shandong
Cold shipping,
Zhonglu
storage, accept for 22,505,600. 38,601,657. 14,985,780. 493,071.5
Fishery Subsidiary 919,696.31 535,082.11
transportati carriage of 00 68 81 0
Shipping
on frozen
Co., Ltd.
aquatic
products
Self-suppor
HabitatInter ting
Refrigerate 12,476,146. 144,311,25 140,727,49 24,306,908. 5,862,022
nationalCor Subsidiary business of 5,862,022.22
d transport 00 4.10 5.01 36 .22
poration refrigerated
transport
Freeze, cold
storage,
process and
Shandong sales of
Zhonglu aquatic
Oceanic Food products, 75,593,300. 186,997,28 116,881,75 172,478,46 5,971,924
Subsidiary 6,101,295.51
(Yantai) processing animal 00 4.07 2.40 5.75 .22
Foods Co., products
Ltd. and fruits
and
vegetables
etc.
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山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Shandong
Offshore
Zhonglu
Ocean fishing, 54,000,000. 54,603,402. 52,378,635. 8,620,692.0 -1,062,85
Haiyan Subsidiary -1,207,117.06
fishery ocean-goin 00 19 25 0 8.52
Oceanic
g fishing
Co., Ltd.
5. Major project invested by non-raised funds
□ Applicable √ Not applicable
The Company had no major project invested by non-raised funds in Period.
VI. Prediction of business performance from January – September 2014
Estimation on accumulative net profit from the beginning of the year to the end of next report period to be loss probably or the
warning of its material change compared with the corresponding period of the last year and explanation on reason
□ Applicable √ Not applicable
VII. Explanation from the Board and Supervisory Committee for “Qualified Opinion” from
the CPA of this year’s
□ Applicable √ Not applicable
VIII. Explanation from the Board for “Qualified Opinion” of last year’s
□ Applicable √ Not applicable
IX. Implementation of profit distribution in reporting period
Implementation or adjustment of profit distribution plan in reporting period, cash dividend plan and shares converted from capital
reserve in particular
□Applicable √Not applicable
Previous year’s profit distribution plan was no profit distribution and shares converted from capital reserve either
X. Profit distribution and capitalization of capital reserves in the Period
□ Applicable √ Not applicable
The Company has no plans of cash dividend distributed, no bonus shares and has no share converted from capital reserve either for
the semi-annual year
XI. In the report period, reception of research, communication and interview
√ Applicable □ Not applicable
Time Place Way Type Reception Contents discussed and
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山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
material provided
Operation status of the
2014-01-01 to Telephone Some individual
Jinan Individuals Company and with no
06-30 communication investors
materials provided
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山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Section V. Iimportant Events
I. Corporate governance
By strictly followed requirement of relevant laws and regulations as well as CSRC of “Company Law”,
“Securities Laws” and “Rules of Corporate Governance for Listed Company” etc., the Company constantly
perfected its corporate governance structure, established and improved the internal control system, continue to
enhance the level of corporate governance.The Company considers that: in reporting period, actual corporate
governance of the Company shows no difference with the Company Law and requirement of relevant regulations
from CSRC.
II. Significant lawsuits and arbitrations of the Company
□Applicable √Not applicable
The Company has no significant lawsuits and arbitrations in reporting period
III. Question from media
□ Applicable √ Not applicable
No universal questioned by media in reporting period
IV. Bankruptcy reorganization
□ Applicable √ Not applicable
In reporting period, the Company has no bankruptcy reorganization occurred.
V. Transaction in assets
1. Assets acquisition
□ Applicable √ Not applicable
The Company did not purchased assets in the Period
2. Sales of assets
□ Applicable √ Not applicable
The Company did not sell assets in the Period
3. Business combination
□ Applicable √ Not applicable
The Company has no business combined in the Period
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山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
VI. Implementation of the company’s equity incentive and the effects
□ Applicable √ Not applicable
No equity incentive in reporting period
VII. Significant related transaction
1. Related transaction routine operations concerned
□ Applicable √ Not applicable
The Company has no related transaction with routine operations concerned occurred in the Period
2. Related transaction incurred by purchase or sales of assets
□ Applicable √ Not applicable
No related transaction incurred by purchase or sales of assets in Period
3. Related transaction from jointly investment outside
□ Applicable √ Not applicable
No related transaction from jointly investment outside occurred in Period
4. Credits and liability of related party
□ Applicable √ Not applicable
The Company had no credits or liability of related party in Period.
5. Other significant related transactions
□ Applicable √ Not applicable
The Company had no other significant related transactions in the reporting period
VIII. Non-business capital occupying by controlling shareholders and its related parties
□ Applicable √ Not applicable
No non-business capital occupied by controlling shareholders and its related parties in Period
IX. Major contract and implantation
1. Trusteeship, contract and leasing
(1) Trusteeship
□ Applicable √ Not applicable
The Company had no trusteeship in the reporting period.
(2) Contract
□ Applicable √ Not applicable
The Company had no contract in the reporting period.
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山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
(3) Leasing
□ Applicable √ Not applicable
The Company had no leasing in the reporting period.
2. Guarantee
√ Applicable □ Not applicable
In ten thousand Yuan
Particulars about the external guarantee of the Company (Barring the guarantee for subsidiaries)
Related Actual date of
Complete Guarante
Announcem happening
Name of the Guarantee Actual Guarantee Guarantee implemen e for
ent (Date of
Company guaranteed limit guarantee limit type term tation or related
disclosure signing
not party
date agreement)
Guarantee of the Company for the subsidiaries
Related Actual date of
Complete Guarante
Announcem happening
Name of the Guarantee Actual Guarantee Guarantee implemen e for
ent (Date of
Company guaranteed limit guarantee limit type term tation or related
disclosure signing
not party
date agreement)
Shandong Zhong Lu
Joint liability
Oceanic(Yantai) 2012-04-26 4,000 2012-04-26 0 2 years Yes Yes
guaranty
Foods Co., Ltd
Total amount of actual
Total amount of approving
occurred guarantee for
guarantee for subsidiaries in 4,000 0
subsidiaries in report period
report period (B1)
(B2)
Total balance of actual
Total amount of approved
guarantee for subsidiaries at
guarantee for subsidiaries at the 4,000 0
the end of reporting period
end of reporting period (B3)
(B4)
Total amount of guarantee of the Company( total two abovementioned guarantee)
Total amount of approving Total amount of actual
guarantee in report period 4,000 occurred guarantee in report 0
(A1+B1) period (A2+B2)
Total amount of approved Total balance of actual
guarantee at the end of report 4,000 guarantee at the end of report 0
period (A3+B3) period (A4+B4)
The proportion of the total amount of actually guarantee in the
0.00%
net assets of the Company(A4+ B4)
Including:
Amount of guarantee for shareholders, actual controller and its
0
related parties(C)
The debts guarantee amount provided for the guaranteed parties
0
whose assets-liability ratio exceed 70% directly or indirectly(D)
18
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Proportion of total amount of guarantee in net assets of the
0
Company exceed 50%(E)
Total amount of the aforesaid three guarantees(C+D+E) 0
Explanations on possibly bearing joint and several liquidating
N/A
responsibilities for undue guarantees(if applicable)
Explanations on external guarantee against regulated
N/A
procedures(if applicable)
Explanation on guarantee with composite way
(1) Guarantee outside against the regulation
□ Applicable √ Not applicable
No guarantee outside against the regulation in Period
3. Other material contracts
□ Applicable √ Not applicable
The Company had no other material contracts in the reporting period.
4. Other material transactions
□ Applicable √ Not applicable
The Company had no other material transactions in the reporting period.
X. Commitments made by the Company or shareholders holding above 5% shares of the
Company in reporting period or occurred in the previous reporting period but continued to
reporting period
□ Applicable √ Not applicable
The Company had no commitment made by the Company or shareholders holding above 5% shares of the Company in reporting
period or occurred in the previous reporting period but continued to reporting period in Period.
XI. Engagement and non-reappointment of CPA
Whether the semi-annual report was audited or not
□ Yes √ No
XII. Penalty and rectification
□ Applicable √ Not applicable
The Company had no penalty or rectification in the reporting period.
XIII. Risk disclosure of delisting with laws and rules violated
□ Applicable √ Not applicable
The Company has no delisting risks with laws and rules violated in Period
19
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
XIV. Explanation on other significant events
□ Applicable √ Not applicable
The Company had no explanation on other significant events in the reporting period.
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山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Section VI. Changes in Shares and Particulars about Shareholders
I. Number of shares and shares held
In Share
Before change Increase/decrease in this time (+ , - ) After change
Capitalizat
Bonus ion of
Amount Ratio New issue Other Subtotal Amount Ratio
share public
reserve
128,071,3 128,071,3
I. Unlisted shares 48.13% 48.13%
20 20
128,071,3 128,071,3
1. Sponsor shares 48.13% 48.13%
20 20
Including: State-owned 127,811,3 127,811,3
48.04% 48.04%
shares 20 20
Domestic corporate
260,000 0.10% 260,000 0.10%
shares
138,000,0 138,000,0
II. Listed shares 51.87% 51.87%
00 00
2. Domestically listed 138,000,0 138,000,0
51.87% 51.87%
foreign shares 00 00
266,071,3 266,071,3
III. Total shares 100.00% 100.00%
20 20
Reasons for share changed
□ Applicable √ Not applicable
Approval of share changed
□ Applicable √ Not applicable
Ownership transfer of share changes
□ Applicable √ Not applicable
Influence on the basic EPS and diluted EPS as well as other financial indexes of net assets per share attributable to common
shareholders of Company in latest year and period
□ Applicable √ Not applicable
Other information necessary to disclose for the Company or need to disclosed under requirement from security regulators
□ Applicable √ Not applicable
Explanation on changes in aspect of total shares, shareholders structures as well as structure of assets and liability of the Company
□ Applicable √ Not applicable
21
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
II. Number of shares and shares held
In Share
Total preference shareholders
Total common shareholders at with voting rights recovered at
14,374 0
period-end end of reporting period (if
applicable) (see Note 8)
Particulars about shares held above 5% by shareholders or top ten shareholders
Amount Amount Number of share pledged/frozen
Number Chang of of
of shares es in holding holding
Nature of Proportion of
Shareholders held at reporti unlisted listed
shareholder shares held State of share Amount
period-en ng circulati circulati
d period on on
shares shares
Shandong
State-owned
State-owned 88,000,00 88,000,
Assets 33.07%
corporate 0 000
Investment
Holding Co., Ltd
Shandong Luxin
Investment State-owned 37,731,32 37,731,
14.18%
Holding Group corporate 0 320
Co., Ltd
GUOTAI
JUNAN
Overseas 14,629,58 14,629,
SECURITIES(H 5.50%
corporate 9 589
ONGKONG)
LIMITED
Overseas natural 5,760,4
Chen Tianming 2.16% 5,760,427
person 27
Shanghai HK
Overseas 3,069,3
Wanguo 1.15% 3,069,300
corporate 00
securities
China National
Heavy Duty State-owned 1,950,0
0.73% 1,950,000
Truck Group corporate 00
Jinan Truck LLC.
Overseas natural 1,531,8
Wang Dongsheng 0.58% 1,531,810
person 10
Yi Ying Overseas natural 0.41% 1,078,200 1,078,2
22
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
person 00
Overseas natural 1,048,6
Huang Jiayi 0.39% 1,048,687
person 87
Domestic nature
Lin Mingyu 0.31% 829,600 829,600
person
Strategy investors or general
corporate becomes top 10
Not applicable
shareholders due to rights issued (if
applicable)(Note 3)
Shandong State-owned Assets Investment Holding Co., Ltd and Shandong Luxin Investment
Holding Group Co., Ltd are provincial state-owned enterprises under the same stock controlling of
Shandong Provincial Commission; China National Heavy Duty Truck Group Jinan Truck LLC
is the sponsor shareholder of the Company and the above mentioned shareholders have no
Explanation on associated
associated relationships or not belong to consistent actors regulated by Management
relationship among the aforesaid
Regulation of Information Disclosure on Change of Shareholding for Listed Companies.
shareholders
Rests of the shareholders are the domestically listed foreign shareholders, and t he Company
is unknown whether there exists associated relationship or belongs to consistent actor
regulated by “management method for acquisition of listed company” among the above said
shareholders.
Particulars about the shares held by the top ten unrestricted shareholders
Type of shares
Shareholders Amount of circulated shares held at period-end
Type Amount
GUOTAI JUNAN Domestically
SECURITIES(HONGKONG) 14,629,589 listed foreign 14,629,589
LIMITED shares
Domestically
Chen Tianming 5,760,427 listed foreign 5,760,427
shares
Domestically
Shanghai HK Wanguo securities 3,069,300 listed foreign 3,069,300
shares
Domestically
Wang Dongsheng 1,531,810 listed foreign 1,531,810
shares
Domestically
Yi Ying 1,078,200 listed foreign 1,078,200
shares
Domestically
Huang Jiayi 1,048,687 listed foreign 1,048,687
shares
23
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Domestically
Lin Mingyu 829,600 listed foreign 829,600
shares
Domestically
Zhu Guanhong 818,500 listed foreign 818,500
shares
Domestically
Zhu Xionghui 813,640 listed foreign 813,640
shares
Domestically
WU CHI LI 615,900 listed foreign 615,900
shares
Expiation on associated relationship
It is unknown whether the shareholders just mentioned belong to consistent actors or have
or consistent actors within the top 10
associated relationship or regulated by the Management Regulation of Information
un-restrict shareholders and between
Disclosure on Change of Shareholding for Listed Companies.
top 10 un-restrict shareholders and
top 10 shareholders
Explanation on top 10 shareholders
involving margin business (if Not applicable
applicable)(see note4)
Whether has a buy-back agreement dealing in reporting period
□Yes √No
The shareholders o f the Company had no buy-back agreement dealing in reporting period.
III. Changes of controlling shareholders or actual controller
Changes of controlling shareholders in reporting period
□ Applicable √ Not applicable
Changes of controlling shareholders had no change in reporting period.
Changes of actual controller in reporting period
□ Applicable √ Not applicable
Changes of actual controller in reporting period had no change in reporting period.
IV. Share holding increasing plan proposed or implemented in reporting period from
shareholder of the Company and its concerted action person
□ Applicable √Not applicable
As far as the Company know, there are no share holding increasing plan proposed or implemented in Period from shareholder of the
Company and its concerted action person
24
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Section VII. Preferred Stock
I. Issuance and listing of preferred stock in Period
□ Applicable √ Not applicable
II. Number of shareholders with preferred stock held and shareholdings
□ Applicable √ Not applicable
III. Repurchase and conversion of preferred stock
1. Preferred stock repurchased
□ Applicable √ Not applicable
2. Preferred stock converted
□ Applicable √ Not applicable
IV. Preferred stock with voting rights recovered and executed
□ Applicable √ Not applicable
V. Accounting policy taken for preferred stock and reasons
□ Applicable √ Not applicable
25
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Section VIII. Directors, Supervisors and Senior Executives
I. Changes of shares held by directors, supervisors and senior executives
□ Applicable √ Not applicable
Shares held by directors, supervisors and senior executives have no changes in reporting period, found more details in Annual Report
2013.
II. Resignation and dismissal of directors, supervisors and senior executives
□ Applicable √ Not applicable
Resignation and dismissal of directors, supervisors and senior executives have no changes in reporting period, found more details in
Annual Report 2013.
26
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Section IX. Financial Report
I. Audit reports
Whether the semi-annual report was audited or not
□ Yes √ No
The financial report of this semi-annual report was unaudited
II. Financial statements
Units in Notes of Financial Statements is RMB
1. Consolidated balance sheet
Prepared by: Shandong Zhonglu Oceanic Fisheries Co., Ltd
In RMB
Item Closing balance Opening balance
Current assets:
Monetary funds 42,334,283.42 53,935,725.66
Settlement funds
Lending funds
Tradable financial assets
Notes receivable
Accounts receivable 1,755,790.58 12,826,646.26
Prepayments 26,061,141.45 13,076,947.00
Premium receivable
Reinsurance accounts receivable
Reinsurance contract reserve
receivable
Interest receivable
Dividend receivable
Other account receivable 3,021,739.52 3,153,387.04
Buying back the sale of financial
assets
Inventory 219,347,879.49 221,650,252.50
Non-current assets due within one
year
27
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Other current assets 7,000,000.00
Total current assets 292,520,834.46 311,642,958.46
Non-current assets:
Issuance of loans and advances
Financial assets available for Sale
Held-to-maturity investment
Long-term receivables
Long term equity investment
Investment real estate 35,385,055.98 35,994,388.74
Fixed asset 371,843,330.26 381,996,023.55
Project in progress 8,848,054.22 503,686.68
Project materials
Liquidation of fixed asset
Productive biological asset
Oil and gas asset
Intangible asset 6,846,410.26 6,968,418.76
Development expenditure
Goodwill
Long-term deferred expenditure 40,889.00 40,889.00
Deferred income tax asset 171,707.51 171,707.51
Other non-current asset
Total non-current asset 423,135,447.23 425,675,114.24
Total Assets 715,656,281.69 737,318,072.70
Current Liabilities:
Short-term borrowing 29,258,210.07 21,607,961.51
Borrowing from the central bank
Deposits and interbank deposit
Borrowed capital
Transaction financial liabilities
Notes payable
Accounts payable 63,650,001.43 76,012,642.77
Account received in advance 752,793.29 12,146,815.00
Financial assets sold for
repurchase
28
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Fees and commissions payable
Salary payable 12,961,209.81 15,524,742.60
Taxes payable -6,609,031.09 -11,250,338.56
Interest payable 182,865.05
Dividend payable 459,329.80 459,329.80
Other payables 7,351,672.46 7,397,363.29
Reinsurance payables
Reserves for insurance contracts
Agency securities trading
Agency securities underwriting
Non-current liabilities due within
10,038,164.53 18,162,141.05
one year
Other current liabilities
Total current liabilities 117,862,350.30 140,243,522.51
Non-current liabilities
Long-term loans 17,246,666.66 17,246,666.66
Bonds payable
Long-term payables
Special payables
Accrued liabilities
Deferred income tax liability
Other non-current liability 13,172,211.05 13,172,211.05
Total non-current liability 30,418,877.71 30,418,877.71
Total liability 148,281,228.01 170,662,400.22
Owners’ equity (or Shareholder’s
equity):
Paid-in capital(share capital) 266,071,320.00 266,071,320.00
Capital surplus 281,245,215.96 281,245,215.96
Less: treasury stock
Special reserve
Surplus reserve 21,908,064.19 21,908,064.19
Reserve for general risks
Retained profit -27,125,266.85 -28,432,075.99
Converted difference in foreign
52,012.74 58,213.82
currency Statements
29
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Total owner’s equity attributable to
542,151,346.04 540,850,737.98
parent company
Interest of minority shareholders 25,223,707.64 25,804,934.50
Total owners’ equity (or shareholders
567,375,053.68 566,655,672.48
equity)
Total liabilities and owners’ equity (or
715,656,281.69 737,318,072.70
shareholders equity)
Legal Representative: Li Wenyi Person in Charge of Accounting: Zhang Weiping
Person in Charge of Accounting Department: Lei Lixin
2. Balance Sheet of Parent Company
Prepared by: Shandong Zhonglu Oceanic Fisheries Co., Ltd
In RMB
Item Closing balance Opening balance
Current assets:
Monetary fund 9,080,954.88 13,401,133.74
Tradable financial assets
Notes receivable
Accounts receivable 9,430,401.60 816.60
Prepayments 12,981,152.99 10,948,421.22
Interest receivable
Dividend receivable
Other account receivable 32,567,557.13 32,786,716.82
Inventory 124,945,942.58 146,992,378.77
Non-current assets due within one
year
Other current assets 7,000,000.00
Total current assets 189,006,009.18 211,129,467.15
Non-current assets:
Financial assets available for Sale
Held-to-maturity investment
Long-term receivables 6,868,229.37 6,426,342.82
Long term equity investment 118,779,655.23 118,779,655.23
Investment real estate 35,385,055.98 35,994,388.74
Fixed assets 183,521,532.43 189,368,170.78
30
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Project in progress
Project materials
Liquidation of fixed assets
Productive biological asset
Oil and gas asset
Intangible assets 13,943.22 17,743.20
Development expenditure
Goodwill
Long-term deferred expenditure
Deferred income tax asset
Other non-current assets
Total non-current assets 344,568,416.23 350,586,300.77
Total assets 533,574,425.41 561,715,767.92
Current liabilities:
Short-term borrowing 10,400,000.00
Transaction financial liabilities
Notes payable
Accounts payable 27,215,563.41 42,365,714.15
Account received in advance 752,793.29 6,926,894.06
Salary payable 6,689,502.09 8,389,315.71
Taxes payable 584,250.30 566,935.89
Interest payable 67,211.91
Dividend payable 459,329.80 459,329.80
Others payables 54,628,229.70 49,612,282.73
Non-current liabilities due within
9,619,059.85 17,323,931.63
one year
Other current liabilities
Total current liabilities 110,348,728.44 125,711,615.88
Non- current liabilities:
Long-term loans 17,246,666.66 17,246,666.66
Bonds payable
Long-term payables
Special payables
Accrued liabilities
31
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Deferred income tax liability
Other non-current liability 789,800.57 789,800.57
Total non-current liability 18,036,467.23 18,036,467.23
Total liabilities 128,385,195.67 143,748,083.11
Owners’ equity (or Shareholder’s
equity):
Paid-in capital(share capital) 266,071,320.00 266,071,320.00
Capital surplus 279,115,900.17 279,115,900.17
Less: treasury stock
Special reserve
Surplus reserve 19,184,672.34 19,184,672.34
Reserve for general risks
Retained profit -159,182,662.77 -146,404,207.70
Converted difference in foreign
currency
Total owners’ equity (or shareholders
405,189,229.74 417,967,684.81
equity)
Total liabilities and owners’ equity (or
533,574,425.41 561,715,767.92
shareholders equity)
Legal Representative: Li Wenyi Person in Charge of Accounting: Zhang Weiping
Person in Charge of Accounting Department: Lei Lixin
3. Consolidated Income Statements
Prepared by: Shandong Zhonglu Oceanic Fisheries Co., Ltd
In RMB
Item Current Amount Amount of the Previous Period
I. Total operation revenue 260,016,584.61 264,728,360.22
Including: Operating revenue 260,016,584.61 264,728,360.22
Interest income
Earned premium
Fee and commission
income
II Total Operating cost 259,325,768.29 264,523,951.61
Including: Operating costs 239,126,034.18 219,741,407.76
Interest costs
32
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Fee and commission costs
Cash surrender
Net compensation expenses
Net extraction reserves for
insurance contracts
Policy dividend payout
Reinsurance expense
Business tax and surcharge 392,030.96 553,189.30
Sales expenses 2,138,614.48 2,162,304.33
Administrative expenses 16,577,378.13 13,721,691.25
Financial expenses 1,091,710.54 244,394.62
Asset impairment losses 28,100,964.35
Add: gains from changes of
fair value (Loss is listed with “-”)
Investment gain (Loss is
listed with “-”)
Including: Investment gains
on affiliated Company and joint venture
Exchange gains (Loss is
listed with “-”)
III. Operating profits (Loss is listed
690,816.32 204,408.61
with “-”)
Add: Non-operating income 478,581.95 1,521,000.92
Less: Non-operating expenditure 299,557.45 383,366.53
Including: Disposal loss on
291,933.45 383,366.53
non-current liability
IV Total profits (Total loss is listed with
869,840.82 1,342,043.00
“-”)
Less: Income tax expenses 144,258.54 28,100.00
V. Net profit (Net loss is listed with “-”) 725,582.28 1,313,943.00
Including: Net profit generated by
combined party before merged
Net profit attribute to owners of
1,306,809.14 1,331,772.94
parent company
Minority interest -581,226.86 -17,829.94
VI. Earnings per share(EPS) -- --
33
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
(i) Basic Earnings per share(EPS) 0.005 0.005
(ii) Diluted Earnings per
0.005 0.005
share(EPS)
VII. Other consolidated income -6,201.08 624,046.25
VIII. Total consolidated income 719,381.20 1,937,989.25
Total consolidated income
attributable to owners of parent 1,300,608.06 1,955,819.19
company
Total consolidated income
-581,226.86 -17,829.94
attributable to minority shareholders
Legal Representative: Li Wenyi Person in Charge of Accounting: Zhang Weiping
Person in Charge of Accounting Department: Lei Lixin
4. Profit Statement of parent company
Prepared by: Shandong Zhonglu Oceanic Fisheries Co., Ltd
In RMB
Items Current Amount Amount of the Previous Period
I. Operation revenue 110,632,911.88 77,302,186.47
Less: Operating costs 112,102,413.16 52,558,645.91
Business tax and surcharge 240,453.35 408,041.83
Sales expenses 185,615.30 320,070.10
Administrative expenses 10,384,249.02 8,699,221.16
Financial expenses 506,278.72 -2,583,406.92
Asset impairment losses 28,100,964.35
Add: gains from changes of fair
value(Loss is listed with “-”)
Investment gain(Loss is listed
with “-”)
Including: Investment gains
on affiliated Company and joint venture
III. Operating profits (Loss is listed
-12,786,097.67 -10,201,349.96
with “-”)
Add: Non-operating income 8,642.60 5,591,525.84
Less: Non-operating expenditure 1,000.00 38,833.00
Including: Disposal loss on
non-current liability
III. Total profit (Loss is listed with “-”) -12,778,455.07 -4,648,657.12
34
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Less: Income tax expenses
IV. Net profit (net loss is listed with “-”) -12,778,455.07 -4,648,657.12
V. Earnings per share(EPS): -- --
(i) Basic Earnings per share(EPS) -0.048 -0.175
(ii) Diluted Earnings per
-0.048 -0.175
share(EPS)
VI. Other consolidated income
VII. Total consolidated income -12,778,455.07 -4,648,657.12
Legal Representative: Li Wenyi Person in Charge of Accounting: Zhang Weiping
Person in Charge of Accounting Department: Lei Lixin
5. Consolidated Cash Flow Statement
Prepared by: Shandong Zhonglu Oceanic Fisheries Co., Ltd
In RMB
Items Current Amount Amount of the Previous Period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 261,347,101.18 230,660,666.38
services
Net increase of customer deposit and
interbank deposit
Net increase of loan from central
bank
Net increase of capital borrowed
from other financial institution
Cash received from original
insurance contract fee
Net cash received from reinsurance
business
Net increase of insured savings and
investment
Net increase of disposal of
transaction financial asset
Cash received from interest,
commission charge and commission
Net increase of capital borrowed
Net increase of returned business
35
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
capital
Write-back of tax received 23,929,792.87 12,189,045.48
Other cash received concerning
8,827,066.97 27,985,523.92
operating activities
Subtotal of cash inflow arising from
294,103,961.02 270,835,235.78
operating activities
Cash paid for purchasing
commodities and receiving labor 229,949,930.76 217,694,025.61
service
Net increase of customer loans and
advances
Net increase of deposits in central
bank and interbank
Cash paid for original insurance
contract compensation
Cash paid for interest, commission
charge and commission
Cash paid for bonus of guarantee
slip
Cash paid to/for staff and workers 39,653,914.45 29,988,312.71
Taxes paid 3,232,169.03 1,645,241.25
Other cash paid concerning
19,546,017.41 42,422,753.42
operating activities
Subtotal of cash outflow arising from
292,382,031.65 291,750,332.99
operating activities
Net cash flows arising from operating
1,721,929.37 -20,915,097.21
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
investment
Cash received from investment
income
Net cash received from disposal of
fixed, intangible and other long-term 132,974.00 84,260.00
assets
Net cash received from disposal of
subsidiaries and other units
36
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Other cash received concerning
33,974,356.00
investing activities
Subtotal of cash inflow from investing
132,974.00 34,058,616.00
activities
Cash paid for purchasing fixed,
11,757,223.91 24,665,948.50
intangible and other long-term assets
Cash paid for investment
Net increase of mortgaged loans
Net cash paid for obtaining
subsidiaries and other units
Other cash paid concerning
investing activities
Subtotal of cash outflow from investing
11,757,223.91 24,665,948.50
activities
Net cash flows arising from investing
-11,624,249.91 9,392,667.50
activities
III. Cash flows arising from financing
activities
Cash received from absorbing
26,000,000.00
investment
Including: Cash received from
absorbing minority shareholders’
investment by subsidiaries
Cash received from loans 21,113,015.94 14,540,265.98
Cash received from issuing bonds
Other cash received concerning
financing activities
Subtotal of cash inflow from financing
21,113,015.94 40,540,265.98
activities
Cash paid for settling debts 21,400,448.16 5,510,969.88
Cash paid for dividend and profit
1,585,787.99 2,313,143.17
distributing or interest paying
Including: Dividend and profit of
minority shareholder paid by
subsidiaries
Other cash paid concerning
financing activities
Subtotal of cash outflow from financing 22,986,236.15 7,824,113.05
37
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
activities
Net cash flows arising from financing
-1,873,220.21 32,716,152.93
activities
IV. Influence on cash and cash
equivalents due to fluctuation in 174,098.51 -227,334.46
exchange rate
V. Net increase of cash and cash
-11,601,442.24 20,966,388.76
equivalents
Add: Balance of cash and cash
53,935,725.66 28,287,601.46
equivalents at the period -begin
VI. Balance of cash and cash
42,334,283.42 49,253,990.22
equivalents at the period -end
Legal Representative: Li Wenyi Person in Charge of Accounting: Zhang Weiping
Person in Charge of Accounting Department: Lei Lixin
6. Cash Flow Statement of parent company
Prepared by: Shandong Zhonglu Oceanic Fisheries Co., Ltd
In RMB
Item Current Amount Amount of the Previous Period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 97,512,745.74 50,291,346.17
services
Write-back of tax received
Other cash received concerning
4,364,018.87 22,905,133.04
operating activities
Subtotal of cash inflow arising from
101,876,764.61 73,196,479.21
operating activities
Cash paid for purchasing
commodities and receiving labor 80,816,610.46 59,211,420.68
service
Cash paid to/for staff and workers 15,170,672.53 10,679,592.87
Taxes paid 295,186.29 457,103.57
Other cash paid concerning
11,491,311.44 6,689,803.36
operating activities
Subtotal of cash outflow arising from
107,773,780.72 77,037,920.48
operating activities
Net cash flows arising from operating -5,897,016.11 -3,841,441.27
38
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
investment
Cash received from investment
income
Net cash received from disposal of
fixed, intangible and other long-term
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
33,974,356.00
investing activities
Subtotal of cash inflow from investing
33,974,356.00
activities
Cash paid for purchasing fixed,
15,960.00 13,396,619.50
intangible and other long-term assets
Cash paid for investment 12,285,800.00
Net cash paid for obtaining
subsidiaries and other units
Other cash paid concerning
investing activities
Subtotal of cash outflow from investing
15,960.00 25,682,419.50
activities
Net cash flows arising from investing
-15,960.00 8,291,936.50
activities
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
Cash received from loans 10,400,000.00 7,600,000.00
Cash received from issuing bonds
Other cash received concerning
financing activities
Subtotal of cash inflow from financing
10,400,000.00 7,600,000.00
activities
Cash paid for settling debts 7,697,777.78
39
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Cash paid for dividend and profit
1,084,039.95 1,925,976.78
distributing or interest paying
Other cash paid concerning
financing activities
Subtotal of cash outflow from financing
8,781,817.73 1,925,976.78
activities
Net cash flows arising from financing
1,618,182.27 5,674,023.22
activities
IV. Influence on cash and cash
equivalents due to fluctuation in -25,385.02
exchange rate
V. Net increase of cash and cash
-4,320,178.86 10,124,518.45
equivalents
Add: Balance of cash and cash
13,401,133.74 16,467,806.39
equivalents at the period -begin
VI. Balance of cash and cash
9,080,954.88 26,592,324.84
equivalents at the period -end
Legal Representative: Li Wenyi Person in Charge of Accounting: Zhang Weiping
Person in Charge of Accounting Department: Lei Lixin
7. Consolidated Statement on Changes of Owners' Equity
Prepared by: Shandong Zhonglu Oceanic Fisheries Co., Ltd
Current Amount
In RMB
Current Amount
Owners' equity attributable to the parent company
Interest of
Paid-in Reserve Total
Item minority
Less:
capital(s Capital Special Surplus for Retaine owners’
treasury Other sharehold
hare surplus reserve reserve general d profit equity
stock ers
capital) risks
I. Balance at the end of last 266,071 281,245, 21,908, -28,432, 58,213.8 25,804,93 566,655,67
year ,320.00 215.96 064.19 075.99 2 4.50 2.48
Add: Changes of
accounting policy
Error correction of
previous period
Others
II. Balance at the beginning of 266,071 281,245, 21,908, -28,432, 58,213.8 25,804,93 566,655,67
this year ,320.00 215.96 064.19 075.99 2 4.50 2.48
40
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
III. Increase/ Decrease in this
1,306,80 -6,201.0 -581,226.
year (Decrease is listed 719,381.20
9.14 8 86
with'"-")
1,306,80
(i) Net profit 725,582.28
9.14
-6,201.0 -581,226.
(ii) Other consolidated income -6,201.08
8 86
1,306,80 -6,201.0 -581,226.
Subtotal of (i)and (ii) 719,381.20
9.14 8 86
(III) Owners' devoted and
decreased capital
1. Owners' devoted capital
2. Amount calculated into
owners' equity paid in shares
3. Others
(IV)Profit distribution
1. Withdrawal of surplus
reserves
2. Withdrawal of general risk
provisions
3. Distribution for owners
(shareholders)
4. Others
(V) Carrying forward internal
owners' equity
1. Capital reserves conversed to
capital (share capital)
2. Surplus reserves conversed
to capital (share capital)
3. Remedying loss with
surplus reserve
4. Others
(VI) Special reserve
1. Withdrawal in this period
2. Usage in this period
(VII) Other
IV. Balance at the end of the 266,071 281,245, 21,908, -27,125, 52,012.7 25,223,70 567,375,05
report period ,320.00 215.96 064.19 266.85 4 7.64 3.68
41
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Amount in last period
In RMB
Amount in last period
Owners’ equity attributable to the parent company
Interest of
Paid-in Reserve Total
Items Less: minority
capital(s Capital Special Surplus for Retaine owners’
treasury Other sharehold
hare surplus reserve reserve general d profit equity
stock ers
capital) risks
I. Balance at the end of last 266,071 281,245, 21,908, -93,413, 1,014,14 476,829,36
4,387.09
year ,320.00 215.96 064.19 762.00 1.42 6.66
Add: retroactive
adjustment arising from
enterprise consolidation under
the same control
Add: Changes of
accounting policy
Error correction of 21,771,2 21,771,200
previous period 00.00 .00
-14,188. 25,986,82 25,972,635
Other
99 4.52 .53
II. Balance at the beginning of 266,071 281,245, 21,908, -71,656, 1,014,14 25,991,21 524,573,20
this year ,320.00 215.96 064.19 750.99 1.42 1.61 2.19
III. Increase/ Decrease in this
43,224,6 -955,92 -186,277. 42,082,470
year (Decrease is listed
75.00 7.60 11 .29
with’”-”)
43,224,6 -955,92 -186,277. 43,038,397
(i) Net profit
75.00 7.60 11 .89
-955,927.6
(II) Other consolidated income
0
43,224,6 -955,92 -186,277. 42,082,470
Subtotal of (i)and (ii)
75.00 7.60 11 .29
(III) Owners’ devoted and
decreased capital
1. Owners’ devoted capital
2. Amount calculated into
owners’ equity paid in shares
3. Others
(IV)Profit distribution
1. Withdrawal of surplus
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山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
reserves
2. Withdrawal of general risk
provisions
3. Distribution for owners
(shareholders)
4. Others
(V) Carrying forward internal
owners’ equity
1. Capital reserves conversed to
capital (share capital)
2. Surplus reserves conversed
to capital (share capital)
3. Remedying loss with
surplus reserve
4. Others
( VI) Special reserve
1. Withdrawal in this period
2. Usage in this period
(VII) Other
IV. Balance at the end of the 266,071 281,245, 21,908, -28,432, 58,213.8 25,804,93 566,655,67
report period ,320.00 215.96 064.19 075.99 2 4.50 2.48
Legal Representative: Li Wenyi Person in Charge of Accounting: Zhang Weiping
Person in Charge of Accounting Department: Lei Lixin
8. Statement on Changes of Owners' Equity of Parent Company
Prepared by: Shandong Zhonglu Oceanic Fisheries Co., Ltd
Current Amount
In RMB
Current Amount
Paid-in Less: Reserve Total
Items Capital Special Surplus Retained
capital(sha treasury for general owners’
surplus reserve reserve profit
re capital) stock risks equity
266,071,32 279,115,90 19,184,672 -146,404,2 417,967,68
I. Balance at the end of last year
0.00 0.17 .34 07.70 4.81
Add: Changes of accounting
policy
Error correction of
previous period
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山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Other
II. Balance at the beginning of 266,071,32 279,115,90 19,184,672 -146,404,2 417,967,68
this year 0.00 0.17 .34 07.70 4.81
III. Increase/ Decrease in this -12,778,45 -12,778,45
year (Decrease is listed with’”-”) 5.07 5.07
-12,778,45 -12,778,45
(i) Net profit
5.07 5.07
(II) Other consolidated income
-12,778,45 -12,778,45
Subtotal of (i)and (ii)
5.07 5.07
(III) Owners’ devoted and
decreased capital
1. Owners’ devoted capital
2. Amount calculated into
owners’ equity paid in shares
3. Others
(IV)Profit distribution
1. Withdrawal of surplus reserves
2. Withdrawal of general risk
provisions
3. Distribution for owners
(shareholders)
4. Others
(V) Carrying forward internal
owners’ equity
1. Capital reserves conversed to
capital (share capital)
2. Surplus reserves conversed to
capital (share capital)
3. Remedying loss with surplus
reserve
4. Others
(VI) Special reserve
1. Withdrawal in this period
2. Usage in this period
(VII) Other
IV. Balance at the end of the 266,071,32 279,115,90 19,184,672 -159,182,6 405,189,22
44
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
report period 0.00 0.17 .34 62.77 9.74
Amount in last year
In RMB
Amount in last year
Paid-in Less: Reserve Total
Item Capital Special Surplus Retained
capital(sha treasury for general owners’
surplus reserve reserve profit
re capital) stock risks equity
266,071,32 279,130,08 19,184,672 -192,777,4 371,608,64
I. Balance at the end of last year
0.00 9.16 .34 38.29 3.21
Add: Changes of accounting
policy
Error correction of previous 21,771,200 21,771,200
period .00 .00
Other
II. Balance at the beginning of 266,071,32 279,130,08 19,184,672 -171,006,2 393,379,84
this year 0.00 9.16 .34 38.29 3.21
III. Increase/ Decrease in this 24,602,030 24,587,841
-14,188.99
year (Decrease is listed with’”-”) .59 .60
24,602,030 24,602,030
(i) Net profit
.59 .59
(II) Other consolidated income
24,602,030 24,602,030
Subtotal of (i)and (ii)
.59 .59
(III) Owners’ devoted and
-14,188.99 -14,188.99
decreased capital
1. Owners’ devoted capital
2. Amount calculated into
owners’ equity paid in shares
3. Others -14,188.99 -14,188.99
(IV)Profit distribution
1. Withdrawal of surplus reserves
2. Withdrawal of general risk
provisions
3. Distribution for owners
(shareholders)
4. Others
(V) Carrying forward internal
owners’ equity
45
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
1. Capital reserves conversed to
capital (share capital)
2. Surplus reserves conversed to
capital (share capital)
3. Remedying loss with surplus
reserve
4. Others
(VI) Special reserve
1. Withdrawal in this period
2. Usage in this period
(VII) Other
IV. Balance at the end of the 266,071,32 279,115,90 19,184,672 -146,404,2 417,967,68
report period 0.00 0.17 .34 07.70 4.81
Legal Representative: Li Wenyi Person in Charge of Accounting: Zhang Weiping
Person in Charge of Accounting Department: Lei Lixin
III. Company profile
Shandong Zhonglu Oceanic Fisheries Co., Ltd. (the “Company”) was incorporated as a joint stock limited
company in the People’s Republic of China on 30 July 1999 according to the documentation of Lu Ti Gai Zi
[1999] No.85 issued by Shandong Development and Reform Commission, and the holding company of the
Company is Shandong Fisheries Enterprise Group General Corporation, the main sponsor. On 26 June 2000, the
Company issued 120 million domestic listed foreign shares (B shares) to foreign investors with face value of One
Yuan per share according to the approval documentation of Zheng Jian Fa Xing Zi [2000] No.82 issued by the
China Securities Regulatory Commission. The B shares listed on the Shenzhen Stock Exchange dated 24 July
2000. On 22 August 2000, by the Company’s authorization, lead underwriters fully exercised the 15%
over-allotment option and issued 18 million B shares to foreign investors again with face value of 1 Yuan per
share, and then the Company's total issued share capital is 266,071,320.00 Yuan.
Since 2003, 125,731,320 state-owned legal person shares (representing 47.25% of the total share capital of the
Company) held by Shandong Fisheries Enterprise Group General Corporation (“Fisheries Group”) have been
frozen by the judiciary, including: A. Fisheries Group provided guarantee for the loan of 11,700,000 Yuan for a
subordinate company, but the subordinate company failed to repay the loan on time, so Shandong Yantai
Intermediate People's Court froze 8,000,000 shares (representing 3% of the total share capital). B. Fisheries
Group borrowed 73,580,680 Yuan from the Agricultural Bank of China Jinan Lixia branch, and Jinan Lixia Court
froze 80,000,000 shares (representing 30.07% of the total share capital).
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山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
On 10 December 2006, shares of the Company 88,000,000 shares held by Fisheries Group were auctioned
publicly. According to the auction transaction confirmation (Lu Yin Pai Cheng Zi [2006] No.96) of Shandong
Silver Star Auction Ltd., Shandong State-owned Assets Investment Holdings Ltd. bought the shares at the price of
48,400,000 Yuan. Shandong State-owned Assets Investment Holdings Ltd. comes to the first majority shareholder
of the Company with 33.07% equity of the Company held after auction. Relevant transfer procedures completed
on 20 June 2007. .
Fisheries Group borrowed 73,344,932 Yuan from Bank of China Jinan branch (the creditor of the loan was
changed to China Xinda Asset Management Corporation from Bank of China in 2004), and Shandong Higher
People's Court froze 37,731,320 shares (representing 14.18% of the total share capital). On 7 June 2005, the above
37,731,320 shares were auctioned publicly, according to the auction transaction confirmation (Lu Rui Cheng Zi
[2005] No.013) of Shandong Qilu Rui Feng Auction Ltd., Shandong Luxin Investment Holdings Ltd. bought the
shares at the price of 8,760,000 Yuan. On 2 February 2007, relevant transfer procedures have been completed.
Corporate industry: sea-going fisheries
Corporate major products: tuna and its products
Corporate registered address: No. 43, Heping Road, Jinan, Shandong Province, PRC
Operating scope: marine and oceanic fishing; aquatic products breeding, processing and marketing; merchandise
import and export business within approved scope; ice machine manufacture and sale; refrigeration equipment
manufacturing, installation, maintenance; refrigeration; load and unload services; housing lease.
Basic organization structure of the Company: board of shareholders, board of directors, supervisory committee,
office of the board, general affairs department, departments of human resources, financing plan department,
corporate operation department and office of auditory supervision. Three branches are Shandong Zhonglu Oceanic
Qingdao Haiwei Branch, Shandong Zhonglu Oceanic Qingdao Haiyan Branch and Shandong Zhonglu Oceanic
Qingdao Refrigeration Branch. Three wholly-owned subsidiaries are Shandong Zhonglu Fishery Shipping Co.,
Ltd., Shandong Zhonglu Oceanic (Yantai) Foods Co., Ltd. and HABITAT INTERNATIONAL CORP. The
operation entity –YAW ADDO FISHERIES COMPANY LIMITED, is controlled by operation lease. The
Company has a new subsidiary Shandong Zhonglu Haiyan Deep-sea Fishery Co., Ltd. in 2013 with equity of
51.85% held.
IV．Main accounting policies and estimates and previous errors
1. Preparation basis of Financial Statements
Base on the assumption of running continuously and actual transactions and events, in line with the Accounting
Standards for Business Enterprise – Basic Standards and No. 38 specific principle of accounting standards issued
on 15 February 2006 from the Ministry of Finance as well as the application guidance, interpretational and other
relevant regulations of Standards, the Company prepared and formulate the financial statement lies on the
followed important accounting policy and estimation.
2. Declaration of obedience to Accounting Standards for Business Enterprise
47
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
The Financial Statements of the Company are up to requirements of Accounting Standards for Business Enterprise
and also a true and thorough reflection to the relevant information as the Company’s financial position dated 30th
June 2014 and the operation results as well as cash flow in first half year of 2014.
3. Accounting period
The Company’s accounting year is Gregorian calendar year, namely from 1st January to 31st December of every
year.
4. Bookkeeping standard currency
The Renminbi (RMB) is taken as the book-keeping standard currency
5. Accounting methods for consolidation of enterprises under the same control or otherwise
(1) Consolidation of enterprises under the same control
As for the consolidation of enterprises under the same control, the assets and liabilities received by the combining
party in the consolidation are measured on the book value of the combined party on consolidation day. The
difference between the book value of net assets, acquired by combining party, and book value of consideration (or
total face value of the shares issued) paid, capital surplus adjusted; if the capital surplus not enough to written
down, than retained earning adjusted. Directly expenses occurred in combination from the combining party should
be reckoned into current gains/losses.
(2) Consolidation of enterprises not under the same control
As for the consolidation not under the same control, the consolidation cost is the fair value of the assets paid,
liabilities incurred or committed, and equity securities offered, for obtaining the control right over the purchased
party. As for the consolidation achieved by several exchange transactions, the consolidation cost is the total of
each single transaction. All expenses of the purchasing party for and directly related to the consolidation are
reckoned into the corporate consolidation cost. For those agreements that made in consolidation contracts for
future events which might have influenced on consolidation cost, on purchased day, if the estimated future events
probably going to occurred and the influence amount on consolidation cost should be calculated reliably, than
reckoned into consolidation cost.
As for acquiree that obtained by consolidation not under the same control, the qualified confirmation of identified
assets, liability and contigency liabilities should calculated by fair value on day of purchsaed. If the consolidation
cost larger than the fair value amount of indentified net assts from acquiree’s, the differences should be
recognized as goodwill. If the consoldiation cost less than the fair value amount of indentified net assts from
acquiree’s, the differences should reckoned into current gains/losses after re-examination.
6. Preparation methods for consolidated financial statements
(1) Preparation methods for consolidated financial statements
For the subsidiaries and special purpose entity whose actual control was held by the Company, included in the
range of consolidate financial statement of the Company.
48
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
As the Company’s financial statements are prepared pursuant to the Accounting Standards for Business
Enterprises No. 33 – Consolidated Financial Statements and relevant rules, all substantive inside transactions and
dealings within the consolidation scope are balanced out during the consolidation. As for the shareholders’ equity
not attributable to the Parent Company in the subsidiaries, it is specifically listed as the minority shareholders’
equity in the shareholders’ equity.
As for the inconsistency between the subsidiaries and the Company in the accounting policies and periods, the
necessary adjustment is made on the subsidiaries’ financial statements in the preparation of the consolidated
financial statements according to the Company’s accounting policies and periods.
As for the subsidiaries obtained in the consolidation of enterprises not under the same control, the adjustment is
made on the individual financial statements on the basis the fair value of the identifiable assets on the purchase
day. As for the subsidiaries obtained under the same control, the consolidation is regarded as starting at the
Year-beginning of the consolidation period, and the assets, liabilities, operation results and the cash flow are
reckoned into the consolidated financial statements from the year-beginning in the consolidation period.
(2)Disclosing the relevant accounting methods on buying to selling or selling to buying of the equity in two
successive fiscal year for same subsidiaries
7. Determination criteria of cash and cash equivalent
The cash recognized in the preparation of the cash flow statements, is the Company’s storage cash and deposits
available for payment anytime.
The cash equivalents recognized in the preparation of the cash flow statements refers to the investment held by the
Company with characteristic of short-term, strong mobility, easy transfer to known sum cash and has slim risk
from value changes.
8. Foreign currency exchange and the conversion of foreign currency statements
(1) Foreign currency exchange
The foreign currency exchange is booked on the current exchange rate on the transaction day and converted in the
bookkeeping standard currency.
On the balance sheet day, the monetary items are converted on the current rate on the balance sheet day, concerning
the exchange differences between teh spot exchange rate on that date and initial confirmation or the sport
exchange rate on previously balance sheet date, should reckoned in to current gains/losses except the capitalizing
on exchange differences for foreign specific loans, which was reckoned into cost for capitalizing.
The non-monetary items measured on the historic cost are still measured by the original bookkeeping rate with the
49
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
sum of the bookkeeping standard currency unchanged. Items of non-monetary foreign currency which was
calculated by fair value, should converted by spot exchange rate on the confirmation day of fair value, difference
between the converted amount of bookkeeping currency and original amount of bookkeeping currency, was
treated as changes of fair value (including exchange rate changed) reckoned into current gains/losses or
recognized as other consolidated income and reckoned into capital public reserve.
(2) Conversion of foreign currency financial statements
Upon the conversion of the foreign currency financial statements of the controlling subsidiaries, joint enterprises,
and the affiliated enterprises on the bookkeeping standard currency different from the Company’s, the accounting
check and preparation of the consolidated financial statements are made.
Assets and liabilities items in the balance sheet, are converted on the current rate on the balance sheet day;
owners’ equity items besides the “retained profit” item, the other items are converted on the actual rate. Incomes
and expenses items in the profit statement are converted on the current rate. The conversion difference of the
foreign currency financial statements is listed specifically in the owners’ equity in the balance sheet.
The foreign currency cash flow is converted on the current rate on the cash flow actual day. The cash influenced
by the rate fluctuation is listed specifically in the cash flow statement.
As for the foreign operation, the conversion difference of the foreign currency statement related to the foreign
operation is transferred in proportion into the disposal of the current loss/gain.
9. Financial instruments
(1) Categories of financial instruments
The financial instruments are classified as the financial assets and liabilities.
In the initial recognition, the financial assets are classified as, the financial assets measured on fair value and with
its changes reckoned into the current loss/gain (including tradable ones and ones designated to be measured on
fair value and with its changes reckoned into the current loss/gain), long-term invest-bonds, account receivables,
and financial assets available for sale. Categories of the financial assets besides account receivables are dependent
on the holding intention and purpose of the Company and its subsidiaries for the financial assets.
In the initial recognition, the financial liabilities are classified as the financial liabilities measured on the fair value
and with its changes reckoned into the current loss/gain (including tradable ones and ones designated to be
measured on fair value and with its changes reckoned into the current loss/gain), other financial liabilities.
As the Company becomes one party of the financial instrument contract, the instrument is recognized as one
financial asset or liability.
50
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
(2) Recognition and measurement of financial instruments
In the initial recognition, the financial assets or liabilities are measured on fair value; and the follow-up
measurements are: financial assets and financial assets available for sale that measured by fair value and with
alteration reckoned into current gains/losses together with teh financial liabilities that measured by fair value with
alteration reckoned into current gains/losses should meausred by fair value; financial guarantee contract and loan
committments, loan by the rates lower than market rates, should conducted follow-up measurement by the higher
ones between confirmed amount recognized by “Accounting Standards for Business Enterprises No.13
—Contingencies” after initial confirmation and balance of initial confirmed amount deducting the accumulated
amortization amount, based on “Accounting Standards for Business Enterprises No.14—Revenue”; investment
held to maturity, loans, account receivable and other financial liabilities should measured by amortized cost.
The loss/gain from the fair value changes in the follow-up measurement of the financial assets and liabilities,
besides one related to the hedge, is dealt with in the following methods: ① The financial assets or liabilities
measured on the fair value and with its changes reckoned into the current loss/gain, are reckoned into the fair
value loss/gain; the interest or cash dividend obtained in the assets holding period, is recognized as the investment
return; in disposal, the difference between the sum actually received and the one booked initially, is recognized as
the investment return with the loss/gain of the fair value change adjusted. ② The fair value change of the financial
assets available for sale, is reckoned into the reserve; the interest on the actual rate in the holding period, is
reckoned into the investment return; the cash dividend of the stock instrument available for sale is reckoned into
the investment return when the invested unit announces to pay the dividend, is reckoned into the investment return;
in dividend, the difference between the sum actually received and the book value in deduction of the accumulative
fair value change originally booked into the capital reserve.
(3) Recognition basis and measurement method for the transfer of financial assets
The Company’s recognition basis of the financial assets transfer: As for the financial assets with all risks and
compensations on their patent transferred, or all risks and compensations neither maintained nor transferred but
the control over the assets given up, the recognition of the financial asset may terminate.
The Company’s measurement of the financial assets transfer: For the financial assets are qualified for the
recognition of termination conditions, the measurement may be taken on the financial assets transfer, namely the
difference is reckoned into the current loss/gain, between the book value of the transferred financial assets and, the
total of the consideration value received from the transfer and the fair value change accumulative sum originally
booked into the capital reserve.
As for the partly transfer of the financial assets qualified for the recognition termination conditions, the whole
book value of the transferred financial assets is diluted on the respective relative fair value between the part of
recognition termination and the part of no recognition termination, and the difference is reckoned into the current
loss/gain, between the book value of the part of recognition termination and, the total of the consideration value of
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山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
the part of recognition termination and the fair value change accumulative sum originally booked into the capital
reserve.
(4) Derecognizing conditions of the financial liabilities
The Company’s derecognizing conditions of the financial liabilities: For the current obligation of the financial
liabilities is relieved whole or partly, the recognition of the financial liabilities or part may be terminated.
(5) Recognition methods of the fair values of the financial assets and liabilities
The Company’s recognition methods of the fair values of the financial assets and liabilities: as for the financial
instrument in the active market, its fair value is recognized on the quotation in the active market; as for the
financial instrument in the active market, its fair value is recognized by the evaluation method.
The evaluation method consists of as the references to the familiar situation and the price in the latest market
transaction between the two voluntary parties, and the references to the current fair value of other substantially
same financial assets, and the conversion method of the cash flow. In the evaluation method, the market index is
the preferential and uttermost use, and the index specifically related to the Company and its subsidiaries is in less
use.
(6) Impairment testing method and way of accrual for depreciation reserves for financial assets (account
receivables excluded)
On the balance sheet day, the impairment check is taken on the book value of the financial assets besides the ones
measured on fair value and with changes reckoned into the current loss/gain, and as there is objective evidence to
the financial assets impairment, the impairment test may be taken on the financial assets, and the impairment
provision is accrued according to the test result.
The Company exercise impairment test on financial assets with single major amount independently; for those
financial assets with minor single amount, impairment test was exercised or performing test in combination of
fianncial assets that with similar charateristic of credit risk. If no impairment found in independent test for those
financial assets( including financial assets with single major and minor amount), consolidated into the
combination of fianncial assets with similar charateristic of credit risk found for impairment testing again. If
impairment found in those fianncial assets, then not going to consolidated into the combination of fianncial assets
with similar charateristic of credit risk found for impairment testing.
If impairment found in held-to-maturity investment, loans and account receivable, calculated their book value to
the current value of predicted future cash flow, the less reckoned amount was recognized as impairment losses and
reckoned into curren gains/losses. If impairment found in financial assets available for sale, transfer-out the
accumulated losses, reckoned into capital public reserve before, for fair value decreased, and reckoned into
current gains/losses, the accumulated losses transfer-out was the balance of initial obtained cost deducting the
principal received, amortized amount, current fair value and original impairment losses that reckoned into
gains/losses.
Recognition standards for impairment of vary financial assets available for sale
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山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
(7) Explain the holding purpose and basis of changes in ability for those re-classified as financial assets
available for sale from held-to-maturity investment whose terms have not matured
Main criterion of re-classification of the undue held-to-maturity investment as financial assets available for sale:
1) For there are no financial resources available for the continual capital support for the financial assets, the
financial assets has to be due;
2) There is no intention for holding due in the management;
3) Due to the restrictions of the law and the executive rules, or other reasons, it is impossible for holding the
financial assets due;
4) And other indications to the Company’s incapability for holding due.
The re-classification of the undue held-to-maturity investment as financial assets available for sale needs to be
decided by the approval from Board of Directors.
10. Recognition criteria and accrual method of bad debt provision for account receivable
The account receivables of the Company mainly consist of the bill receivable, long-term receivables and other
account receivable. On the balance sheet day, if there is objective evidence to the actual impairment, the
impairment loss is recognized on the difference between the book value and the current value of the estimative
future cash flow.
(1) Bad debt provision for account receivables with single major amount
Account receivable with over one million Yuan(one
Criterion or amount standards of major single amount
million yean inclusive)
Recognized on the difference between the book
Withdrawal method for individual bad debt provision
value and the current value of the estimative future
accrual with major single amount concerned
cash flow
(2) Account receivable with bad debt provision accrual by portfolio
Accrued method for bad
Portfolio debt provision Portfolio basis
withdrawal by portfolio
Accounts with major single amount without withdrawal
Age portfolio Aging of accounts
bad debt provision singly
Age portfolio Aging of accounts Accounts without major single amount and major risks
Withdrawing bad bed provision by aging method in portfolio
√ Applicable □Not applicable
Account ages Accrued proportion of accounts Accrued proportion of other accounts
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receivable receivable
Within six months 5.00% 5.00%
Six months to one year (one
10.00% 10.00%
year inclusive)
1－2 years 30.00% 30.00%
2－3years 50.00% 50.00%
Over three years 100.00% 100.00%
Withdrawing bad bed provision by percentage of total accounts receivable outstanding in portfolio
□Applicable √Not applicable
Withdrawing bad bed provision by other methods in portfolio
□Applicable √Not applicable
(3) Account receivable with minor single amount but has individual bad debt provision accrual
Reasons for individual bad debt Account receivable with over three years in account age and has
prevision accrual objective evidence of impairment appears
Accrued method for bad debt Recognized on the difference between the book value and the current
provision value of the estimative future cash flow
11. Inventory
(1) Categories of inventory
The inventory is goods or manufactured products held for sale, products in process, and materials and matters
utilized in the production or supply of labor. It mainly consists of the raw material, turnover material, consumable
low-value product, product in process, self-made semi-finished product, and manufactured product (storage goods)
etc.
(2) Accounting method for inventory delivery
Accounting method: weighted average
Recognized actual cost for the inventory while deliver by using weighted average method
(3) Recognition principle of net realizable value of inventory and accrual method for inventory falling price
reserves
On the balance sheet day, the inventory is measured on the lower one between the cost and the net realizable value,
and the provision for the falling price reserves is accrued on each inventory item; however, as for the inventory of
large quantity and low price, the provision is accrued on the inventory category.
Recognition principle on net realizable value of inventory: ① net realizable value as the estimative sale price less
the relevant tax expenses. ② as for the materials held for production, if the net realizable value of the
manufactured product in use of the materials, is higher than the cost, the net realizable value is measured on cost;
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as the fall-down of the material price shows that the net realizable value of the manufactured product is lower than
the cost, recognizable value is recognized on the estimative sale price less the estimative will-be actual cost,
estimative sale expenses, and relevant tax expenses.③ As for the materials held on sale, the net realizable value is
the market sale price.
(4) Inventory system
Inventory system: perpetual inventory system
Inventory system of the Company is perpetual inventory system
(5) Amortization method for the low-value consumables and wrap page
Low-value consumables
Amortization method: fifty percent (50%) amortization
Wrap page
Amortization method: fifty percent (50%) amortization
12. Long term equity investment
(1) Recognition of investment cost
① initial investment cost of long term equity investment obtained by corporate consolidation: in the case of the
consolidation of enterprises under the same control, recognized as the initial cost is the book value of the owners’
equity obtained from the consolidated party; in the case of the consolidation of enterprises not under the same
control, recognized as the initial cost is the recognized consolidation cost on the purchase day. ② As for the long
term equity investment obtained by cash payment, the initial investment cost is the actual purchase payment. ③
As for the long term equity investment obtained by the equity securities offering, the initial investment cost is the
fair value of the equity securities. ④ As for the long term equity investment invested in by the investors, the initial
investment cost is the value in the contract agreement. ⑤ As for the long term equity investment obtained by the
exchange of the non-monetary assets and the debts restructuring, the initial investment cost is recognized on the
relevant rules in the Principles.
(2) Follow-up measurement and recognition of gains/losses
The follow-up measurement of the long term equity investment is on equity or cost. As for the long term equity
investment on, the investment return is recognized on the share of the net gains/loses deserved or distributed; upon
the calculation of the deserved share of the profit and cash dividend announced to be distributed, the book value of
the long term equity investments decreased correspondingly. As for the long term equity investment on, the book
value remains unchanged, besides the investment added or withdrawn. Upon the calculation of the deserved share
of the profit or cash dividend announced to be distributed, the investment return is recognized.
As for the long term equity investment of common control and significant influence, it is checked on equity; and
others are checked on cost.
(3) Recognition principle of being has common control and significant influence on the invested unit
① Recognition principle on common control over invested units: the common control is agreed in the contract or
agreement by the two or more joint parties that the accounting and operation policy must be decided commonly by
the two or several investment parties.② Recognition principle on the significant influence on invested unit: As
above 20% to 50% vote capital is held in the invested unit, the significant influence is recognized; or as 20%
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below is held, the significant influence is recognized if the following conditions are matched up to: ①there is
representative in the invested unit’s board of directors or similar authority organs; ②there is participation in the
policy-making of the invested unit; ③there is management person dispatch into the invested unit; ④there is
dependence on the invested company’s technology or technologic materials; ⑤and other situations which can
prove fully the significant influence on the invested unit
(4) Impairment test method and accrual method for impairment provision
On the balance sheet day, the check is taken on the long term equity investment to make sure whether there is the
indication to the impairment; once there is, the impairment test is taken to recognize the recoverable, and then the
provision for the impairment is accrued on the lower one between the book value and the recoverable; once the
impairment loss is accrued, it may not be transferred in the future accounting periods.
As for the net fair value sold in the long-term stock investment, if there is the agreement price of the fair
transaction, it is on the agreement price less the relevant tax expense; or there is no fair transaction agreement but
the active market for similar assets, it is on the market price less relevant tax expense.
13. Investment real estate
(1) Category and measurement for investment real estate
Category of the Company’s investment real estate: rented land use rights, rented buildings and land use rights held
for transfer after appreciation.
Investment real estate of the Company is initially measured by cost and conducting follow-up measures by cost
mode.
(2) Policy of the cost calculation mode
Accrued on the year averaging is the depreciation of the lease buildings in the Company’s investment property.
The detailed check principle is same as that of the fixed assets. The rented land use rights and land use rights held
for transfer after appreciation owned by the Company was adopted line amortization method. Detail calculation
policy was similar to intangible assets.
On balance sheet day, examing impairment evidence on investment real estate, if found evidence of impairement,
than conducted impairment test and confirmed its recovered amount. Withdrawal impairment provision by lower
amount between its book value and recovered amount, the impairment losses should be transfer-back in
subsequent accounting period while been accrued.
14. Fixed assets
(1) Recognition of fixed assets
The fixed assets are tangible assets held for the goods production, labor supply, lease or operation & management,
and with above one-accounting-year service life; meanwhile as up to the following conditions, they are recognized:
①The economic interest related to the fixed assets probably flow into the Company; ②The cost of the fixed
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assets can be measured reliably.
(2) Recognized basis and valuation method for fixed assets that rent-in by financing
Recognized basis for fixed assets that rent-in by financing: rents that transfer all risks and remuneration relted to
assets ownership actually. Detail recognition for follow one item or more item been qualified: ① while the
tenacy expired, ownership of the rented assets transfer to lessee; ② lessee has the right of choice for purchasing
rented assets, the purchased price setted was far lower than the fair value of rented assets that exercise option
rights by prediction, the option rights was reaonably recognized on date of renting for lessee; ③t hought no
ownership transfer, rent period takes majority time of the useful life of rented assets; ④ current value of the
minimun rented amount payment on date of renting is almost equals to the fair value of rented assets on starting
day of purchasing; ⑤ rented assets owes special natures, lessee should not be used this rented asstes if no major
changes on this assets. Valuation method for fixed assets that rent-in by financing: initial valuation for the fixed
assets rent-in by financing was used the lower ones between faire value of rented assets on starting day of
purchasing and minimum rented payment for bookkeeping value; Follow-up valuation for fixed assets that rent-in
by financing was used the similar depreciation policies of self-owned fixed assets withdrawal depreciation and
impairment provision.
(3) Depreciation method for vary fixed assets
The Company’s fixed assets are mainly divided as: house buildings, ships & machines & fishing equipment,
furniture & office equipment, transportation equipment; the depreciation is in year averaging method. The service
life and the net estimative remnant are recognized on the nature and utilization of the fixed assets; and at the
year-end, the service life, net estimative remnant, and the depreciation method, of the fixed assets, are checked,
and the corresponding adjustment is made if there is inconsistency between the checked ones and the previous
ones. The depreciation of all of the Company’s fixed assets is accrued, besides the ones sufficiently accrued and in
continuous use, and the land booked specifically.
Category Depreciation life (year) Salvage rate Annual depreciation rate
House and building 20-40 3-5% 2-5%
Machine equipment 8-20 3-5% 5-12%
Electronic devices 5 3-5% 19-19%
Transportation equipment 5 3-5% 19-19%
Vessels 15-30 3-5% 3-6%
(4) Impairment test method of fixed assets, and accrual method for provision of impairment
At balance sheet day, fixed assets have been examined by the Company whether there has evidence of impairment
probably, while impairment evidence be found than impairment test shall be performed and recognized its
recoverable amount. Take the lower one between the book value and recoverable amount for impairment provision
withdrawal, the withdrawal impairment losses shall not be switch back in subsequent fiscal year.
The recoverable amount of fixed assets was recognized as the higher one between the net amount resuled from
faire value of assets minor disposal charges and current value of predicted future cash flows. If there exis sales
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agrement price within fair transaction, net amount resulted from faire value of assets minor disposal charges
should recognized as the amount resulted from sales agreement price minor disposal charge directly attributable to
this asses; if exits no sales agrement price within fair transaction but exits active market or similar transaction
price in assets, then recognized by the amount resulted from market price minor disposal charge.
(5) Other explanations
15. Project in progress
(1) Category of project in progress
The Company’s project in progress is divided as the self-support and contract-out construction.
(2) Principle and time for project in progress carried forward as fixed assets
The project in progress of the Company carried forward as fixed assets while the construction is ready for the
intended use. Criteria of the expected condition for use should apply one of the follow conditions: ① The
substance construction (installation included) of the fixed assets has completed all or basically; ② As the projects
have been in test production or operation, and the results show that the assets can operate properly and produce
the qualified products stably, or the test operation result shows the assets can operate or open properly. ③ The
expenditure of the fixed assets on the construction, is a little or little. ④ The fixed assets of the project constructed
have been up to the requirements of the design or contract, or basically up to.
(3) Impairment test method of project in progress, and accrual method for provision of impairment
On the balance sheet day, the check is taken on the projects in progress for the indication to the impairment, and if
there is the indication, the impairment test is taken to recognize the recoverable, and the impairment provision is
accrued on the lower one between the book value and the recoverable; once the impairment loss is accrued, it
cannot be transferred back in the future accounting periods.
The recoverable is recognized on the higher one between the net of the assets fair value less the disposal expenses,
and the current value of the assets estimative future cash flow.
16. Borrowing expenses
(1) Recognition principle on capitalization of borrowing expenses
As for the Company’s actual borrowing expenses directly attributable to the assets construction or production, it is
capitalized and reckoned into the relevant assets cost; as for other borrowing expenses, it is recognized on the
actual sum and reckoned into the current loss/gain. The assets up to the capitalization are assets as the capital
assets, investment real estate, and inventory reaching the expectant availability or sale ability.
(2) Capitalization term
Capitalization term: the period from the time starts to capitalization to the time the capitalization ends. The period
of capitalization suspended is not included.
(3) Terms for capitalization suspended
Terms for capitalization suspended: the capitalization of borrowing expenses should be suspended while the
abnormal interrupt, which surpass three months continuously, in the middle of acquisition or construction or
production.
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(4) Calculation of capitalization for borrowing expenses
Calculation of capitalization amount: ① As for the borrowing of the specific borrowing, the capitalization sum
is recognized on the current actual interest expenses less the interest income of the borrowing capital not utilized
but deposited in the bank or the return of the temporary investment; ② As for the appropriation of the general
borrowing, the capitalization sum is recognized on the weighted average of, the accumulative assets expenditure
above the specific borrowing, and times the capitalization rate of the appropriation; ③ As for the discount or
premium of the borrowing, the discount or premium to be diluted in every accounting period is recognized in the
actual rate method.
The effective interest method is the method for the measurement of the diluted discount or premium or interest
expenses on the actual interest rate; and the actual interest rate is the interest rate used in the discount of the future
cash flow in the expectant duration period as the current book value of the borrowing.
17. Intangible assets
(1) Accounting method for intangible assets
The Company’s intangible assets are measured initially on cost. The intangible assets purchased in are taken as the
actual cost on the actual payment and relevant expenditure. As for the intangible assets invested in by the
investors, the actual cost is recognized on the value stipulated in the contract or agreement; however, if what is
stipulated in the contract or agreement is not fair value, the actual cost is recognized on fair value. As for the
self-developed intangible assets, their cost is the actual total expenditure before reaching the expectant purpose.
The follow-up measurements of the Company’s intangible assets respectively are: ①the line amortization method
is taken on the intangible assets of finite service life, and at the yea-end, the check is taken on the service life and
dilution of the intangible assets, and the corresponding adjustment is made if there is inconsistency with the
previous estimative ones. ② As for the intangible assets of uncertain service life, it is not diluted, however, the
service life is checked at year-end; If there is solid evidence to its finite service life, its service life is estimated
and diluted in straight line method.
(2) Estimation of service life of intangible assets of finite service life
As the service life of the intangible assets of finite service life is estimated, the following factors are considered
usually: ① the ordinary service life period of products produced by the assets, and the available information of
the service life of the similar assets; ② the present situation of the technology, craftsmanship, etc. ③ the market
demand for the products produced by the assets and the labor supply; ④ the expectable actions taken by the
present or potential competitor; ⑤ expectant maintenance expenditure for the assets’ ability to bring forth the
economic interest; ⑥ relevant law rules or similar restrictions on control period of the assets; ⑦ relevancy with
the service life of other assets held by the Company.
Item Expected service life Basis
(3) Recognition principle of intangible assets with uncertain service life
Recognized as the intangible assets of uncertain service life is refers to those intangible assets of un-expectable
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period of economic benefits brought into the Company, or of the uncertain service period.
Recognition principle of uncertain service life: ① from contract right or other legal rights, the uncertain service
period is stipulated in the contract or law; ② after the integration of the situations and relevant expertise
argumentation in the same trade, the period of the economic interest brought into the Company by the intangible
assets still cannot be recognized.
At every year-end, the check is taken on the intangible assets of uncertain service life, mainly in bottom-up way,
namely the basic check is taken by the department relevant to the assets utilization, to assess whether there is
change in the recognition principle of the uncertain service life.
(4) Accrual of impairment of intangible assets
On balance sheet day, the check is made on the intangible assets for the indication to the impairment; as there is
the indication, the recoverable is recognized, and the impairment provision is accrued on the lower one between
the book value and the recoverable; once the impairment loss is accrued, it may not be transferred back in later
accounting periods.
The recoverable amount on intangible assets shall recognized as the higher one between the fair value of assets
less net amount which have been disposal and current value of future predicted cash flow.
(5) Specific division standards of research stage and development stage for internal R&D project of the
Company
(6) Calculation of the expenditure from internal R&D projects
18. Long-term deferred expenditure
The Company’s long-term deferred expenditure are expenses paid out and with one year above (1-year included)
benefit period, mainly consisting of the house decoration expenses and the like. The long-term unamortized
expenses are diluted by periods according to the benefit period. As the long-term unamortized expenses cannot
enable the accounting period’s beneficiary, all dilution values of the project undiluted yet, are transferred into the
current loss/gain.
19. Accrued liabilities
(1) Recognition principle of accrued liabilities
The obligation, which can be measured in a reliable way, will recognize as the accrued liabilities while the duty
with contingency concerned is the current obligation for the Company, which may probably causes the outflow of
economic interests in fulfillment.
(2) Measurement of accrued liabilities
The initial measurement is taken according to the best estimator of the expenditure necessary for the fulfillment of
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the relevant current liabilities; if the necessary expenditure is of a continual scope and of a same chance of all
results within the scope, the intermediate value is recognized as the best estimator; if several items are involved in,
the best estimator is recognized according to all likely results and relevant possibilities.
On the balance sheet day, the check is taken on the book value of the accrued liabilities, and the adjustment is
made on the book value according to the current best estimator if there is solid evidence to the inability of the
book value for the true reflection to the current best estimator.
20. Share-based payment and equity instrument
(1) Category of share-based payment
Share-based payment refers to a transaction in which an enterprise grants equity instruments or undertakes
equity-instrument-based liabilities in return for services from employee or other parties. The share-based
payments shall consist of equity-settled share-based payments and cash-settled share-based payments.
(2) Recognition of fair value of the equity instrument
As there is the active market, it is recognized on the quotation in the active market;
As there is no active market, it is recognized by the rational evaluation technology including the reference to the
price used in the latest market transaction between the parties familiar to situations and voluntary to the
transaction, and the reference to the current value of other financial instruments substantially same, discount of
cash flow and the option pricing model.
(3) Basis of optimum estimate for recognition of vesting equity instrument
(4) Relevant accounting treatment on implementation, modification and termination of the share-based
payment plan
21. Revenue
(1) Recognition standards for revenue from goods sales
The Company shall ascertain the revenue incurred by selling goods in accordance with the received or receivable
price stipulated in the contract or agreement signed between the enterprise and the buyer unless the following
conditions are met simultaneously: ① the significant risks and rewards of ownership of the goods have been
transferred to the buyer by the enterprise; ② the enterprise retains neither continuous management right that
usually keeps relation with the ownership nor effective control over the sold goods; ③the relevant amount of
revenue can be measured in a reliable way; ④ relevant economic benefits may flow into the enterprise and ⑤ the
relevant costs incurred or to be incurred can be measured in a reliable way. If the collection of the price as
stipulated in the contract or agreement is delayed and if it has the financing nature, the revenue incurred by selling
goods shall be ascertained in accordance with the fair value of the receivable price as stipulated in the contract or
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agreement.
(2) Recognition basis of revenue from abalienating the right to use assets
The Company ascertains the revenue from abalienating of right to use assets while relevant economic interest may
flow into and the revenue can be measured in a reliable way.
(3) Recognition basis of revenue from providing labor services
If an enterprise can, on the date of the balance sheet, reliably estimate the outcome of a transaction concerning the
labor services it provides, it shall recognize the revenue from providing services employing the
percentage-of-completion method. The enterprise can ascertain the schedule of completion
(percentage-of-completion) under the transaction concerning the providing of labor services based on calculation
of completed works, if an enterprise can not, on the date of the balance sheet, measure the result of a transaction
concerning the providing of labor service in a reliable way, it shall be conducted in accordance with the following
circumstances, respectively: ①if the cost of labor services incurred is expected to be compensated, the revenue
from the providing of labor services shall be recognized in accordance with the amount of the cost of labor
services incurred, and the cost of labor services shall be carried forward at the same amount; ②if the cost of labor
services incurred is not expected to compensate, the cost incurred should be included in the current profits and
losses, and no revenue from the providing of labor services may be recognized.
(4) Recognition basis and method of schedule of the contracted project while ascertain the revenue from the
providing of labor services by percentage-of-completion method and revenue from construction contract
22. Government subsidy
(1) Category
Government subsidies consist of the government subsidies pertinent to assets and government subsidies pertinent
to income.
(2) Accounting method
The government subsidies pertinent to assets shall be recognized as deferred income, equally distributed within
the useful lives of the relevant assets, and included in the current gains/losses; the government subsidies measured
at their nominal amounts shall e directly included in the current gains/losses. The government subsidies pertinent
to incomes shall be treated respectively in accordance with the circumstances as follows: ①those subsidies used
for compensating the related future expenses or losses of the enterprise shall be recognized as deferred income
and shall included in the current gains/losses during the period when the relevant expenses are recognized;
②those subsidies used for compensating the related expenses or losses incurred to the enterprise shall be directly
included in the current gains/losses.
23. Deferred income tax asset and deferred income tax liability
(1) Recognition of deferred income tax asset
(1) Where there is difference between the carrying amount of the assets or liabilities and its tax base, (as for an
item that has not been recognized as an asset or liability, if its tax base can be determined in light of the tax law,
the tax base shall recognized as the difference) the deferred income tax and deferred income tax liabilities shall be
determined according to the applicable tax rate in period of assets expected to recover or liability expected to pay
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off. (2) The deferred income tax assets shall be recognized to the extent of the amount of the taxable income
which it is most likely to obtain and which can be deducted from the deductible temporary difference. On balance
sheet date, if there have concrete evidence of obtaining, in future period, enough taxable amounts to deduct the
deductible temporary difference, the un-confirmed deferred income tax assts in previous accounting period shall
be recognized. If there has no enough taxable amounts, obtained in future period, to deducted the deferred income
tax assets, book value of the deferred income tax assets shall be kept in decreased. (3) the taxable temporary
differences related to the investments of subsidiary companies and associated enterprises shall recognized as
deferred income tax liability, unless the Company can control the time of the reverse of temporary differences and
the temporary differences are unlikely to be reversed in the expected future. As for the deductible temporary
difference related to the investment of the subsidiary companies and associated enterprises, deferred income tax
assets shall be recognized while the temporary differences are likely to be reversed in the expected future and it is
likely to acquire any amount of taxable income tax that may be used for making up the deductible temporary
differences.
(2) Recognition of deferred income tax liability
24. Operating lease, financial leasing
(1) Accounting treatment of operating lease
If, essentially, the Leasing Terms and all risks and remuneration related with ownership of the leased assets are
transfer to the lessee, the leasing will consider as financial leasing, other leasing beside that will consider as
operating lease.
As a lessee, the Company rented office houses and pay the rent monthly, which was included in current expenses
directly.
(2) Accounting treatment of financial leasing
(3) Accounting treatment of f leaseback
25. Assets held for sale
(1) Recognition criteria of assets held for sale
(2) Accounting treatment of assets held for sale
As for the fixed assets held for sale, the net estimative remnant of the capital assets may be adjusted for the
reflection of the remnant to the sum of the fair value less the disposal expenses, without above the limit of the
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previous book value of the capital assets as up to the conditions of holding assets on sale; And the difference of
the previous book value above the net estimative remnant adjusted is reckoned into the current loss/gain.
As for the holding of other non-current assets on saleable, they are dealt with on the above principles; they consist
of the single assets and the disposal group; the disposal group is a group of assets which is sold as a whole or
disposed together.
26.Changes in accounting policies and estimates
Whether the accounting policies and estimates changed in reporting period or not
□Yes √No
Not applicable
(1) Changes in accounting policies
Whether the accounting policies changed in reporting period or not
□Yes √No
(2) Changes in accounting estimates
Whether the accounting estimates changed in reporting period or not
□Yes √No
27. Correction of previous errors
Whether the correction of previous errors been found in reporting period or not
□Yes √No
Not applicable
(1) Retrospective restatement
Whether adopted the retrospective restatement on previous errors correction in reporting period or not
□Yes √No
(2) Prospective application
Whether adopted the prospective application on previous errors correction in reporting period or not
□Yes √No
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V. Taxes
1. Major tax and tax rate:
Taxes Taxation basis Tax rate
Output tax minor the deductible
VAT 17%, 13%
input tax
Business tax Income from leasing 5%
Urban maintenance and construction tax Turnover taxes payable 7%
Corporate income ax Taxable amount 25%
Educational surtax Turnover taxes payable 3%
Local educational surtax Turnover taxes payable 2%
Income tax rate implemented by vary branches and factories
2. Tax preference and approvals
(1) Preferential tax for VAT
Pursuant to the Treasury Tax (1997) No. 64 Notice on Taxation on Import of Fishery Equipment and
Transport-back of Self-fished Fishery Products of Overseas Fishery Industry Corporation, the self-fished fishery
products transported home, is regarded as the non-import domestic products, without taxation of tariff or
added-value taxation in the import link. The corresponding domestic sales are attributable to the primary
agricultural products sales, and free from added-value tax according to the specific rules of added value tax.
(2) Preferential tax for income tax
Pursuant to rules of Treasury Tax [1994] No. 001 , Treasury Tax [1997] No. 114 , Treasury Agriculture [2010] No. 104 , President Order of People’s Republic of China [2007] No. 63 <
Corporate Income Tax Law of People’s Republic of China>, the Company’s income earns from the overseas
fishing business and preliminary process of agricultural products are exempted from corporate income tax.
The Company’s income besides one from the overseas fishing business and preliminary process of agricultural
products will taxed on 25% for the corporate income tax.
The subsidiary – Shandong Zhonglu Overseas (Yantai) Food Co., Ltd—is a foreign investment corporation, is
implemented the tax preference policies of “Two-free, Three-reduction” on according to the original , but has not enjoyed the preference yet because of no profit,
according to the rules of tax preference policies in the transitory period of new , with the
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preference period starting from 2008. Applicable tax rate for 2010 was 22%, 24% for 2011 and 25% for 2012. The
rate for corporate income tax of 2012 was executed by 12.5% actually.
3. Others
VI. Corporate consolidation and consolidated financial statements
1. Subsidiaries
For the subsidiaries and special purpose entity whose actual control was held by the Company, included in the
range of consolidate financial statement of the Company.
As the Company’s financial statements are prepared pursuant to the Accounting Standards for Business
Enterprises No. 33 – Consolidated Financial Statements and relevant rules, all substantive inside transactions and
dealings within the consolidation scope are balanced out during the consolidation. As for the shareholders’ equity
not attributable to the Parent Company in the subsidiaries, it is specifically listed as the minority shareholders’
equity in the shareholders’ equity.
As for the inconsistency between the subsidiaries and the Company in the accounting policies and periods, the
necessary adjustment is made on the subsidiaries’ financial statements in the preparation of the consolidated
financial statements according to the Company’s accounting policies and periods.
As for the subsidiaries obtained in the consolidation of enterprises not under the same control, the adjustment is
made on the individual financial statements on the basis the fair value of the identifiable assets on the purchase
day. As for the subsidiaries obtained under the same control, the consolidation is regarded as starting at the
Year-beginning of the consolidation period, and the assets, liabilities, operation results and the cash flow are
reckoned into the consolidated financial statements from the year-beginning in the consolidation period.
(1) Subsidiaries obtained from establishment or investment
In RMB
Balance Amount Balance
of other of of
items minority owners’
Actual Whether Interest
Full substant Shareho sharehol equity
Type of Register investm Voting consolid of
name of Register Busines Busines ially lding ders’ of
subsidia ed ent at proporti ated the minority
subsidia place s nature s scope consisti proporti equity parent
ry capital period-e on stateme sharehol
ry ng of on for compan
nd nt or not ders
net deductin y for
investm g deductin
ent in loss/gai g loss in
66
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
subsidia n Period
ry diluted
by
minority
sharehol
ders of
subsidia
ry above
share
enjoyed
in
owners’
equity at
Period-b
eginnin
g
Internati
onal
Shando ocean
ng shipping
Qingdao Cold
Zhonglu Limited , accept
, storage, 22,505, 22,505, 100.00 100.00
Fishery compan for Yes
Shando transpor 600 600.00 % %
Shippin y carriage
ng tation
g Co., of
Ltd. frozen
aquatic
products
Self-sup
porting
HabitatI Refriger business
Limited
nternati ated 12,476, of 12,476, 100.00 100.00
compan Panama Yes
onalCor transpor 146 refrigera 146.00 % %
y
poration t ted
transpor
t
Shando Freeze,
ng cold
Zhonglu storage,
Limited Yantai , Food
Oceanic 75,593, process 75,593, 100.00 100.00
compan Shando processi Yes
(Yantai) 300 and 300.00 % %
y ng ng
Foods sales of
Co., aquatic
Ltd. products
67
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
, animal
products
and
fruits
and
vegetabl
es etc.
Shando
Offshor
ng
Qingdao e
Zhonglu Limited
, Ocean 54,000, fishing, 54,000, 25,223, -581,22
Haiyan compan 51.85% 51.85% Yes
Shando fishery 000 ocean-g 000.00 707.64 6.86
Oceanic y
ng oing
Co.,
fishing
Ltd.
Other explanation on subsidiaries obtained through establishment or investments
(2) Subsidiary obtained through enterprise combination under the same control
In RMB
Balance
of
owners’
equity
of
parent
compan
Balance y for
Amount
of other deductin
of
items g loss in
minority
substant Period
Actual Whether Interest sharehol
Full ially Shareho diluted
Type of Register investm Voting consolid of ders’
name of Register Busines Busines consisti lding by
subsidia ed ent at proporti ated the minority equity
subsidia place s nature s scope ng of proporti minority
ry capital period-e on stateme sharehol for
ry net on sharehol
nd nt or not ders deductin
investm ders of
g
ent in subsidia
loss/gai
subsidia ry above
n
ry share
enjoyed
in
owners’
equity at
Period-b
eginnin
g
68
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Other explanation on subsidiaries obtained through enterprise combination under the same control
(3) Subsidiary obtained through enterprise combination under different control
In RMB
Balance
of
owners’
equity
of
parent
compan
Balance y for
Amount
of other deductin
of
items g loss in
minority
substant Period
Actual Whether Interests sharehol
Full ially Shareho diluted
Type of Register investm Voting consolid of ders’
name of Register Busines Busines consisti lding by
subsidia ed ent at proporti ated the minority equity
subsidia place s nature s scope ng of proporti minority
ry capital period-e on stateme sharehol for
ry net on sharehol
nd nt or not ders deductin
investm ders of
g
ent in subsidia
loss/gai
subsidia ry above
n
ry share
enjoyed
in
owners’
equity at
Period-b
eginnin
g
Other explanation on subsidiaries obtained through enterprise combination under different control
2. Operating entity with controlling rights emerge by way of entrust operation or lease from special
purpose entity
In RMB
Major business dealing with Balance of major assets and liabilities recognized in
Name
Company consolidated statement at Period-end
YAW ADDO FISHERIES Balance of assets was RMB 8108121.07 while liabilities was
Lease management
COMPANY LIMITED RMB 16762512.04
Other explanation on operating entity with controlling rights emerge by way of entrust operation or lease from special purpose entity
69
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
3. Conversion rate of main statement items of overseas operation entity
(1) Conversion method for statement of overseas subsidiary with foreign currency as bookkeeping standard
currency
a. The balance item in the balance sheet is converted on the current rate on the balance sheet day; all equity items
besides the “retained profit” item, all are converted on the actual rate.
b. The income and expense item in the profit statement are converted on the spot rate on the actual transaction
day.
c. The conversion difference in the foreign currency financial start is listed specifically as “Converted difference
in foreign currency” in the owners’ equity in the consolidated balance sheet in the preparation of the financial
statement.
(2) Rate of conversion of foreign currency statement in Period
a. The spot exchange rate of US$ : RMB = 1: 6.1787 on the balance sheet day is used for the balance sheet item in
the balance sheet.
b. The spot rate on the actual transaction day is used for the income and expense item in the profit statement.
VII. Notes to main items in consolidated financial statement
1. Monetary fund
In RMB
Closing amount Opening amount
Item In foreign Conversion In foreign Conversion
In RMB In RMB
currency rate currency rate
Cash: -- -- 576,588.70 -- -- 605,694.05
RMB -- -- 301,351.86 -- -- 287,971.83
USD 35,638.12 6.15 219,274.22 50,434.36 6.0969 307,493.25
GNF 389,200.00 0.01 4,866.32
EUR 1,215.00 8.39 10,199.44 1,215.00 8.4189 10,228.97
GHC 19,940.82 2.05 40,896.86
Bank deposit: -- -- 40,790,572.52 -- -- 51,793,889.06
RMB -- -- 22,106,188.98 -- -- 32,519,336.75
6.0969
USD 2,957,659.82 6.15 18,197,889.34 1,814,071.26 11,060,211.07
JPY 361,808.00 0.06 22,003.35 141,207,978.00 0.057771 8,157,726.10
GHC 198,908.99 2.05 407,944.98
EUR 6,462.16 8.39 54,247.25 6,462.16 8.4189 54,404.26
SGD 462.09 4.97 2,298.62 462.90 4.7845 2,210.87
Other monetary fund: -- -- 967,122.20 -- -- 1,536,142.55
RMB -- -- 967,122.20 -- -- 1,536,142.55
Total -- -- 42,334,283.42 -- -- 53,935,725.66
Special statements should be given to the fund of using limitation, disposal aboard and potential risk recovery as mortgage, pledge or
70
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
freeze:
Note: closing balance of other monetary fund was RMB 967,122.20, of which LC margin was RMB 967,122.20
2. Account receivable
(1) Category of account receivable
In RMB
Closing amount Opening amount
Category Book balance Bad debt provision Book balance Bad debt provision
Amount Proportion Amount Proportion Amount Proportion Amount Proportion
Account receivable with bad debt provision accrual by portfolio
8,131,988.6 6,376,198.0 19,225,04
Age portfolio 100.00% 6,398,394.90 33.28%
0 2 1.16
8,131,988.6 6,376,198.0 19,225,04
Subtotal 100.00% 78.41% 100.00% 6,398,394.90 33.28%
0 2 1.16
8,131,988.6 6,376,198.0 19,225,04
Total -- -- -- 6,398,394.90 --
0 2 1.16
Explanation on category of account receivable
Explanation on category of account receivable: Account receivable with major single amount refers to the accounts receivable from
clients with over RMB one million (RMB one million included), the Company will withdrawal the bad debt provision by account age
while no impairment been found in testing. Account receivable of bad debt provision withdrawal by portfolio refers to the account
receivable with major single amount without withdrawal bad debt provision singly and the accounts without major single amount and
major risks, the Company will withdrawal bad debt provision by account age while no impairment been found in testing.
Account receivable with major single amount and withdrawal bad debt provision single at period-end
□Applicable √Not applicable
Account receivable with bad debt provision withdrawal by method of account age in portfolio
√ Applicable □Not applicable
In RMB
Closing amount Opening amount
Account age Book balance Book balance
Bad debt provision Bad debt provision
Amount Proportion Amount Proportion
Within one year
Including: -- -- -- -- -- --
Within six months 2,262,970.39 28.00% 633,179.95 13,247,895.70 68.91% 662,394.80
6 months to 1 year 197,280.70 1.03% 19,728.07
Subtotal within one
2,262,970.39 28.00% 633,179.95 13,445,176.40 682,122.87
year
1-2 years 180,000.20 2.00% 54,000.06 90,846.75 0.47% 27,254.02
71
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Over three years 5,689,018.01 70.00% 5,689,018.01 5,689,018.01 29.59% 5,689,018.01
Total 8,131,988.60 -- 6,376,198.02 19,225,041.16 -- 6,398,394.90
Account receivable with bad debt provision withdrawal by method of percentage of balance in portfolio
□Applicable √Not applicable
Account receivable withdrawing bad bed provision by other methods in portfolio
□Applicable √Not applicable
Account receivable with minor single amount but has individual bad debt provision accrual at period-end
□Applicable √Not applicable
(2) Other account receivable switch-back or taken back in reporting period
In RMB
Amount of bad bed
Determination basis for
provision accrual
Reason of switch back original bad debt Amount switch back or
Other account receivable accumulatively before
or take back reserves taken back
switch-back or taken
back
Accrual of bad debt provision for other account receivable with major single amount or with minor amount but have impairment test
independently at period
In RMB
Account receivable Book balance Bad debt Accrual proportion Reasons
Explanation on other account receivable with minor single amount but have major risks after combined with risk characteristic of the
credit
(3) Account receivables actually written-off during the reporting period
In RMB
Occurred due to
Name of the
Nature Verification ime Amount verified Reasons related transaction
company
(Y/N)
Explantion on account receivable written-off
(4) Account receivables due from the shareholders holding 5% or above voting shares of the Company
during the reporting period
In RMB
Closing amount Opening amount
Name of the company Bad debt amount Bad debt amount
Book balance Book balance
accrual accrual
72
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
(5) Top five clients in account receivable
In RMB
Proportion in total
Name Relations with Company Amount Aging
account receivable
PANDA Non-related party 3,600,962.12 Over three years 44.28%
Beijing Shotamuni Co.,
Non-related party 586,297.40 Within six months 7.21%
Ltd.
Cheng Niantao Non-related party 436,807.37 Within six months 5.37%
Haifeng Company Non-related party 430,625.10 Over three years 5.30%
Taiwan Xipu Non-related party 364,600.00 Within six months 4.48%
Total -- 5,419,291.99 -- 66.64%
(6) Account receivables due from related parties
In RMB
Proportion in total account
Name of the company Relationship with the Company Amount
receivables (%)
(7) Account receivables derecognized
In RMB
Item De-recognition amount Gains or losses related to derecognizing
(8) As for securities with account receivables as target subject, list the assets and liabilities arising from
further involvement
In RMB
Item Closing amount
Assets:
Liabilities:
3. Other account receivable
(1) Category of other account receivable
In RMB
Closing amount Opening amount
Category
Book balance Bad debt provision Book balance Bad debt provision
73
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Proportio Proportio Proportio
Amount Amount Amount Proportion Amount
n n n
Other receivable with
single significant amount
1,000,000.00 13.46% 1,000,000.00 13.18%
and withdrawal bad debt
provision separately
Other account receivable with bad debt provision accrual by portfolio
Age portfolio 6,428,677.43 86.54% 4,406,937.91 68.55% 6,586,535.93 86.82% 4,433,148.89 67.31%
Subtotal 6,428,677.43 86.54% 4,406,937.91 68.55% 6,586,535.93 86.82% 4,433,148.89 67.31%
Total 7,428,677.43 -- 4,406,937.91 -- 7,586,535.93 -- 4,433,148.89 --
Explanation on category of other account receivable
Note: other account receivable with major single amount refers to the other accounts receivable with over RMB one million (RMB
one million included), the Company will withdrawal the bad debt provision by account age while no impairment been found in
testing. Other account receivable of bad debt provision withdrawal by portfolio refers to the other account receivable with major
single amount without withdrawal bad debt provision singly and the accounts without major single amount and major risks, the
Company will withdrawal bad debt provision by account age while no impairment been found in testing.
Other account receivable with major single amount and withdrawal bad debt provision single at period-end
√ Applicable □Not applicable
In RMB
Contents of other
Book balance Bad debt amount Provision proportion (%) Reason
receivables
Refers to the crew
assigning deposit paid to
Shandong Marine Affairs government and related
1,000,000.00
Bureau departments, the amount
has no risk of recovery
without bad debt accrual
Total 1,000,000.00 -- --
Other account receivable with bad debt provision withdrawal by method of account age in portfolio
√ Applicable □Not applicable
In RMB
Closing amount Opening amount
Book balance Book balance
Account age
Proporti Bad debt provision Proporti Bad debt provision
Amount Amount
on on
Within one year
Including:
74
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Within six months 1,943,851.05 30.24% 92,396.94 2,033,068.26 26.81% 101,653.41
6 months to 1 year 43,953.06 0.68% 32,802.30 158,870.69 2.09% 15,887.07
Subtotal within one year 1,087,804.11 16.92% 2,191,938.95 33.28% 117,540.48
1-2years 1,041,270.00 16.20% 14,329.15 77,599.20 1.02% 23,279.76
2-3years 32,193.80 0.50% 49,338.26 0.62% 24,669.13
Over three years 4,267,409.52 66.38% 4,267,409.52 4,267,659.52 56.25% 4,267,659.52
Total 6,428,677.43 -- 4,406,937.91 6,586,535.93 -- 4,433,148.89
Other account receivable with bad debt provision withdrawal by method of percentage of balance in portfolio
□Applicable √Not applicable
Withdrawing bad bed provision by other methods in portfolio
□Applicable √Not applicable
Other account receivable with minor single amount but has individual bad debt provision accrual at period-end
□Applicable √Not applicable
(2) Other account receivable switch-back or taken back in reporting period
In RMB
Amount of bad bed
Determination basis for
provision accrual
Reason of switch back original bad debt Amount switch back or
Other account receivable accumulatively before
or take back reserves taken back
switch-back or taken
back
Accrual of bad debt provision for other account receivable with major single amount or with minor amount but have impairment test
independently at period
In RMB
Account receivable Book balance Bad debt Accrual proportion Reasons
Explanation on other receivable with single minor amount while the risks of the group categorized with similar risk characteristics
are relative significant:
(3) Other receivables actually written-off during the reporting period
In RMB
Name of the Nature of other Reason for Arising from related
Time of write-off Amount written off
company receivables write-off transactions (Y/N)
Explanation on write-off of other receivables:
(4) Other receivables due from the shareholders holding 5% or above voting shares of the Company during
the reporting period
In RMB
75
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Closing amount Opening amount
Name of the company Bad debt provision Bad debt provision
Book balance Book balance
accrual accrual
(5) Nature or content of other receivables with significant amount
In RMB
Nature or content of
Name of the company Amount Proportion in total other receivables
account
Explanation:
(6) Top five clients in other account receivable
In RMB
Proportion in total other
Name Relations with Company Amount Aging
account receivable
Shandong Marine Affairs
Non-related 1,000,000.00 1-2 years 13.00%
Bureau
Japan Daihatsu Non-related 288,896.39 Over three years 4.00%
Board wages for crew Business 242,953.98 Within six months 3.00%
Wende Ship Repair
Non-related 200,000.00 Over three years 3.00%
Company
Qingdao Xiujian
Non-related 195,044.00 Over three years 3.00%
Installation Company
3.00%
Total -- 1,926,894.37 -- 29.00%
(7) Other receivables due from related parties
In RMB
Proportion in total other
Name of the company Relationship with the Company Amount
receivables
(8) Other receivables derecognized
In RMB
Item De-recognition amount Gains or losses related to de-recognition
76
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
(9) As for securities with other receivables as target subject, list the assets and liabilities arising from
further involvement
In RMB
Item Closing amount
Assets:
Liabilities:
(10) Government subsidy recognized by amount receivable at end of period
In RMB
Reasons of fails to
Item of Time to Amount
Name of the Closing Age of Basis for collected amount in
government collected estimated to
company balance period-end obtained estimated time (if
subsidy estimated obtained
applicable)
4. Prepayments
(1) Prepayments listed by account age
In RMB
Closing amount Opening amount
Account age
Amount Proportion Amount Proportion
Within one
26,033,272.96 99.89% 12,998,531.47 99.40%
year
1-2years 27,868.49 0.11% 31,402.27 0.24%
2-3years 47,013.26 0.36%
Total 26,061,141.45 -- 13,076,947.00 --
Explanation on account age of prepayment
The closing balance of prepayment increased 99.29 compare with opening balance, mainly due to the prepayment of tuna raw
materials purchased by Yantai Foods Company and the common-of-piscary paid in advance by Qingdao Haiwei Branch
(2) Top five clients in prepayment
In RMB
Name Relations with Company Amount Aging Un-settled reasons
Common-of-piscary in
Non-related party 3,758,520.02 Within one year
Papua New Guine
Penglai Jingyuan Food
Non-related party 3,388,360.00 Within one year
Co., Ltd.
77
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Penglai Jinglu Fishery
Non-related party 2,614,388.00 Within one year
Co., Ltd.
Common-of-piscary in
Non-related party 2,441,554.48 Within one year
Nauru
Common-of-piscary in
Non-related party 2,247,084.00 Within one year
Micronesia
Total -- 14,449,906.50 -- --
Explanation on clients of prepayment
(3) Shareholders holding 5% or above voting shares of the Company in prepayments during the reporting
period
In RMB
Closing amount Opening amount
Name of the company Bad debt provision Bad debt provision
Book balance Book balance
accrual accrual
(4) Explanation on prepayment
5. Inventory
(1) Category of inventory
In RMB
Closing amount Opening amount
Item Provision for Provision for
Book balance Book value Book balance Book value
price fall-down price fall-down
Raw materials 79,265,172.57 51,082.91 79,214,089.66 79,061,155.40 51,082.91 79,010,072.49
Inventory 147,714,240.37 8,296,687.24 139,417,553.13 171,034,803.44 29,789,106.90 141,245,696.54
Low value
664,242.46 664,242.46 756,001.87 756,001.87
consumable
Packaging 51,994.24 51,994.24 638,481.60 638,481.60
Total 227,695,649.64 8,347,770.15 219,347,879.49 251,490,442.31 29,840,189.81 221,650,252.50
(2) Provision for price fall-down
In RMB
Accrual in this Decreased in this period Decrease in
Opening book
Items period Accrual in Period Closing book balance
balance
Period Switch back Written-off
78
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Raw materials 51,082.91 51,082.91
Inventory 29,789,106.90 21,492,419.66 8,296,687.24
Total 29,840,189.81 21,492,419.66 8,347,770.15
(3) Provision for price fall-down of inventory
Ratio of amount switch back in
Accrual basis of provision for Reasons of provision for price
Item Period in closing balance of the
price fall-down fall-down switch back in Period
inventory
Explanation on inventory
In reporting period, the Company seized the opportunity of stable soaring price in ultra cool long lines tuna precisely, sell out
majority of the stock at end of last period decidedly, and written-off 21,492,419.66 Yuan the inventory falling price reserves that
withdrawal last period
6. Other current assets
In RMB
Item Closing amount Opening amount
Financing products 7,000,000.00
Total 7,000,000.00
Explanation on other current assets
Other current assets 7 million Yuan refers to the financing products “Golden Years” from CMBC, the product purchased on 10
December 2013 and expired on 15 January 2014, and has redeemed on due date
7. Long term equity investment
(1) Long term equity investment
In RMB
Explanati
on on
Accrual
Sharehold inconsiste
Voting of
ing ncy in Provision
Increase/ proportio provision Cash
Invested Calculatio Investme Opening Closing proportio proportio for
decrease n in for dividend
company n method nt cost balance balance n in n between depreciati
change invested impairme in Period
invested the on
company nt in
company sharehold
Period
ing and
voting
South Cost 33,000,00 33,000,00 33,000,00 33,000,00
0.87% 0.87%
Securities method 0.00 0.00 0.00 0.00
79
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Co., Ltd.
33,000,00 33,000,00 33,000,00 33,000,00
Total -- -- -- --
0.00 0.00 0.00 0.00
(2) Condition of restriction in aspect of transferring capital to investment enterprises
In RMB
Projects of long term equity investment
Amount of investment loss un-confirmed
that restricted in capital transfer to Restricted reasons
accumulative in this period
investment enterprises
Explanation on long term equity investment
Concerning South Securities Co., Ltd. had been canceled the license for securities business and charged to close
down as the administrative punishment by the CSRC on 29 April 2005, it was announced to be bankrupt by
Shenzhen Intermediate Court, and the proportion for the impairment of the long-term investment has been accrued
on the book value in full sum on the stock in the South Securities Company.
Intermediate People’s Court of Shenzhen, Guangzhou, issued a civil ruling paper ((2006) Shen Zhong Fa Min Qi
Zi No.: 26-246) dated 17 December 2012 as: “1. terminated the bankruptcy procedure of South Securities Co.,
Ltd.; 2. Retain part of the members of bankruptcy liquidation group for the liquidation. The ruling will come into
force as of today.” The civil ruling paper states that “distribution ratio of the bankruptcy assets from bankruptcy
case of South Securities reached to 64%”
8. Investment real estate
(1) Investment real estate measure on cost
In RMB
Item Opening book balance Increase in Period Decrease in Period Closing book balance
I. Total original book
47,120,794.80 47,120,794.80
value
1. House, building 47,120,794.80 47,120,794.80
II. Total accumulative
depreciation and 10,239,894.00 609,332.76 10,849,226.76
amortization
1. House, building 10,239,894.00 609,332.76 10,849,226.76
III. Total net book
value of investment 36,880,900.80 -609,332.76 36,271,568.04
real estate
1. House, building 36,880,900.80 -609,332.76 36,271,568.04
IV. Total accumulative 886,512.06 886,512.06
80
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
provision for
investment real estate
provision
1. House, building 886,512.06 886,512.06
V. Total book value of
35,994,388.74 -609,332.76 35,385,055.98
investment real estate
1. House, building 35,994,388.74 -609,332.76 35,385,055.98
In RMB
Current
Amount of depreciation and amortization in Period 609,332.76
(2) Investment real estate measure on fair value
In RMB
Increase in Period Decrease in Period
Transfer-in
Gains/losses
Opening fair from Transfer as Closing fair
Item from
value Purchased self-used Disposal self-used value
changes of
property or property
fair value
inventory
Explain the investment real estate with measurement mode changed in reporting period and investment real estate without a property
certificate required. Explain the reasons on un-settle certificate and time expected to completed
In accordance with the “Civil Ruling Paper” (2005) Li Zhi Zi No.: 1299 from People’s Court of Lixia District, Jinan in July 2006, the
comprehensive buildings owned by Shandong Group Corp. of Fisheries Enterprises (totally 7430 M2 including 1/B, 1/F to 3/F and
6/F to 13/F as well as land use right of 1847M2) locates in No. 43, Heping Rd., Lixia District, Jinan City along with the offices
supplies are compensate for the arrears to Shandong Zhonglu Oceanic Fisheries Co., Ltd. As RMB 55,129,673.57 (relevant notice
was published on Securities Times and Hong Kong Wen Wei Po dated 25 July 2006). The aforesaid lands belongs to the allocated
lands without constuction planning permit and has no property certificate hold. The Company still coordinate with local government
in aspect of the property certificates currently.
9. Fixed assets
(1) Fixed assets
In RMB
Opening book Closing book
Item Increase in Period Decrease in Period
balance balance
I. Total original book value: 537,557,642.41 3,301,974.66 1,324,924.01 539,534,693.06
Including: House and
73,782,609.11 73,782,609.11
building
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山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Machine equipment 28,965,251.71 3,102,730.80 735,193.53 31,332,788.98
Transportation
6,313,597.59 45,443.97 571,850.52 5,787,191.04
vehicle
Vessels 419,107,794.05 94,276.85 3,784.23 419,198,286.67
Furniture and office
9,388,389.95 59,523.04 14,095.73 9,433,817.26
appliances
Opening book Increase in
-- Accrual in Period Decrease in Period Closing balance
balance Period
II. Total accumulative
147,990,038.86 13,039,039.06 909,295.12 160,119,782.80
depreciation
Including: House and
14,318,968.70 1,018,285.86 15,337,254.56
building
Machine equipment 10,368,460.86 1,525,549.06 350,352.32 11,543,657.60
Transportation
3,475,913.21 390,225.21 546,256.64 3,319,881.78
vehicle
Vessels 112,773,103.80 9,903,960.64 122,677,064.44
Furniture and office
7,053,592.29 201,018.29 12,686.16 7,241,924.42
appliances
Opening book
-- -- Closing balance
balance
III. Total net book value of
389,567,603.55 -- 379,414,910.26
fixed assets
Including: House and
59,463,640.41 -- 59,463,640.41
building
Machine equipment 18,596,790.85 -- 18,596,790.85
Transportation
2,837,684.38 -- 2,837,684.38
vehicle
Vessels 298,763,110.25 -- 306,334,690.25
Furniture and office
2,334,797.66 -- 2,334,797.66
appliances
IV. Total provision for
7,571,580.00 -- 7,571,580.00
depreciation
Vessels 7,571,580.00 -- 7,571,580.00
Furniture and office
--
appliances
V. Total book value of fixed
381,996,023.55 -- 371,843,330.26
assets
Including: House and 59,463,640.41 -- 58,445,354.55
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山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
building
Machine equipment 18,596,790.85 -- 19,789,131.38
Transportation
2,837,684.38 -- 2,467,309.26
vehicle
Vessels 298,763,110.25 -- 288,949,642.23
Furniture and office
2,334,797.66 -- 2,191,892.84
appliances
Total RMB 12,129,743.94 depreciated in this period; RMB 0.00 was transfer to fixed assets from project in progress in this period
(2) Temporary idle fixed assets
In RMB
Depreciation Impairment
Item Original book value Net book value Note
accumulative provision
(3) Fixed assets leasing-in by financing lease
In RMB
Item Original book value Depreciation accumulative Net book value
(4) Fixed assets leasing-out by operational lease
In RMB
Types Closing book value
(5) Fixed assets held for sale in period-end
In RMB
Disposal expense
Item Book value Fair value Disposal date predicted
predicted
(6) Fixed assets without property certificate obtained
Item Reasons for certificate un-settled Time expected to completed the certificate
Explanation on fixed assets
1. Fixed assets increased RMB 3,301,974.66 in Period, mainly because machine equipment was purchased by Yantai Foods
Company.
2. Pledge of fixed assets: In order to obtained the comprehensive credit line of RMB 27 million, the production-used house with
original value of RMB 22,651,704.00, and land use right of 33,333.30 M2 were pledge by subsidiary Zhonglu Oceanic (Yantai)
Foods Co., Ltd. RMB 18,858,210.07 short-term borrowing has received.
3. In accordance with the “Civil Ruling Paper” (2005) Li Zhi Zi No.: 1299 from People’s Court of Lixia District, Jinan in July 2006,
the comprehensive buildings owned by Shandong Group Corp. of Fisheries Enterprises (totally 7430 M2 including 1/B, 1/F to 3/F
and 6/F to 13/F as well as land use right of 1847M2) locates in No. 43, Heping Rd., Lixia District, Jinan City along with the offices
supplies are compensate for the arrears to Shandong Zhonglu Oceanic Fisheries Co., Ltd. As RMB 55,129,673.57 (relevant notice
was published on Securities Times and Hong Kong Wen Wei Po dated 25 July 2006). The aforesaid lands belongs to the allocated
lands without constuction planning permit and has no property certificate hold. The Company still coordinate with local government
83
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
in aspect of the property certificates currently.
10. Project in progress
(1) Project in progress
In RMB
Closing amount Opening amount
Item Provision for Provision for
Book balance Book value Book balance Book value
depreciation depreciation
Xinmaofeng (new ship) 3,184,538.43 3,184,538.43
Taihong 6 5,663,515.79 5,663,515.79
No.58 Fuyangwan 503,686.68 503,686.68
Total 8,848,054.22 8,848,054.22 503,686.68 503,686.68
(2) Changes of major project in progress
In RMB
Accumul
Proportio Includin
ative
n of g:
Transfer Other amount
Opening Increase project Work interest Capitaliz Capital Closing
Item Budget to fixed decreasi of
amount in Period investme progress capitaliz ing rate resources amount
assets ng interest
nt in ation in
capitaliz
budget Period
ation
30,000,0 3,184,53
Xinmaof
00.00 8.43
eng
7,600,00 503,687. 5,159,82
Taihong
0.00 00 9.00
6
37,600,0 503,687. 8,344,36
Total -- -- -- --
00.00 00 7.43
Explanation on changes of project in progress
1. Wholly-owned subsidiary of the Company HABITAT INTERNATIONAL CORPORATION plans to purchased a second-hand
transport ship, US$ 495,000 earnest money had been paid;
2. Subsidiary of the Company Shandong Zhonglu Haiyan Oceanic Co., Ltd. newly purchased a second-hand tuna long liner, the ship
is in process of renovation, managing relevant certificate, and will set sail recently.
84
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
(3) Impairment provision of construction in process
In RMB
Increase during the Decrease during this
Item Opening amount Closing amount Accrual Reason
period period
(4) Progress of material construction in progress
Item progress Note
(5) Explanation on construction in process
11. Intangible assets
(1) Intangible assets
In RMB
Item Opening book balance Increase in Period Decrease in Period Closing book balance
I. Total original book value 10,094,529.00 10,094,529.00
Land use right of Yantai
9,929,529.00 9,929,529.00
Foods
Other 165,000.00 165,000.00
II. Total amount of
3,126,110.24 122,008.50 3,248,118.74
accumulated amortization
Land use right of Yantai
2,978,853.44 118,208.52 3,097,061.96
Foods
Other 147,256.80 3,799.98 151,056.78
III. Total net book value of
6,968,418.76 -122,008.50 6,846,410.26
intangible assets
Land use right of Yantai
6,950,675.56 -118,208.52 6,832,467.04
Foods
Other 17,743.20 -3,799.98 13,943.22
Land use right of Yantai
Foods
Other
Total book value of
6,968,418.76 -122,008.50 6,846,410.26
intangible assets
Land use right of Yantai
6,950,675.56 -118,208.52 6,832,467.04
Foods
Other 17,743.20 -3,799.98 13,943.22
85
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
RMB 122,008.50 amortized in Period
(2) Expenditure of project development
In RMB
Decrease during this period
Increase during the
Item Opening amount Record into current Confirm as intangible Closing amount
period
gains and losses assets
The proportion of development expenditure of total expenditure in R&D projects in reporting period
The proportion of intangible assets form by internal R&D in total book value of intangible assets at period-end
For development projects, including single price over one million Yuan occurred in this period and the assessment price have been
kept in book, disclosed the assessment institution and way of assessment:
12. Long-term deferred expenditure
In RMB
Amortized in Reasons of other
Item Opening amount Increase in Period Other decreased Closing amount
Period decreased
40,889.00 40,889.00
Total 40,889.00 40,889.00 --
Explanation on long-term deferred expenditure
The Improvement expenditure (decoration costs) of rent-in fixed assets from Shandong Zhonglu Fishery Shipping Co., Ltd.,
amortized in 3 years after construction completed.
13. Deferred income tax asset and deferred income tax liability
(1) Amount of deferred income tax asset and deferred income tax liability before trade-off
Deferred income tax asset and deferred income tax liability ascertained
In RMB
Item Closing amount Opening amount
Deferred income tax asset:
Impairment of assets 171,707.51 171,707.51
Subtotal 171,707.51 171,707.51
Deferred income tax liability:
Deferred income tax asset without confirmed
In RMB
Item Closing amount Opening amount
Deductible losses of deferred income tax asset without confirmed will expired in later year
In RMB
Year Closing amount Opening amount Note
Taxable difference and deductible difference
86
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
In RMB
Amount of temporary differences
Item
Period-end Period-begin
Taxable difference
Deductible difference
(2) Amount of deferred income tax asset and deferred income tax liability after trade-off
Composition of deferred income tax asset and liabilities after trade-off
In RMB
Deductible or taxable Deductible or taxable
Deferred income tax Deferred income tax
temporary temporary
asset or liability after asset or liability after
Item differences after differences after
trade-off at trade-off at
trade-off at trade-off at period-
period-end period-begin
period-end begin
Deferred income tax asset 171,707.51 171,707.51
Trade-off between the deferred income tax asset and deferred income tax liability
In RMB
Item Amount trade-off in Period
Explanation on deferred income tax asset and deferred income tax liability
14. Impairment of assets
In RMB
Opening book Decrease in Period Closing book
Item Increase in Period
balance Switch-back Written-off balance
I. Bad debt provision 10,831,543.79 10,831,543.79
II. Provision for price
29,840,189.81 21,492,419.66 8,347,770.15
fall-down of inventory
V. Provision for depreciation
of long term equity 33,000,000.00 33,000,000.00
investment
VI. Provision for depreciation
886,512.06 886,512.06
of investment real estate
VII. Provision for
7,571,580.00 7,571,580.00
depreciation of fixed assets
Total 82,129,825.66 21,492,419.66 60,637,406.00
Explanation on provision for depreciation of assets
87
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
15. Short-term borrowing
(1) Short-term borrowing
In RMB
Item Closing amount Opening amount
Mortgage loan 18,858,210.07 21,607,961.51
Credit loan 10,400,000.00
Total 29,258,210.07 21,607,961.51
Explanation on category of short-term borrowing
In order to obtained the comprehensive credit line of RMB 27 million, the production-used house with original value of RMB
22,651,704.00, and land use right of 33,333.30 M2 were pledge by subsidiary Zhonglu Oceanic (Yantai) Foods Co., Ltd. RMB
18,858,210.07 short-term borrowing has received. On 19 May 2014, the Company entered into a Loan Contract with Jinan Lixia
sub-branch of ICBC for RMB 10.40 million borrowed with term of 6 months.
(2) Short-term loans un-paid by expired
In RMB
Unit Loan amount Loan rates Using in Reasons of un-paid Predicted payment date
Amount paid after balance sheet date.
Explanation on short-term loans: for those expired short-term loans obtained expansion period, explain the expansion condition and
new expiration:
16. Account payable
(1) Account payable
In RMB
Item Closing amount Opening amount
Within one year 59,391,968.06 71,759,047.93
1-2 years
2-3 years
Over three years 4,258,033.37 4,253,594.84
Total 63,650,001.43 76,012,642.77
(2)Accounts payable to shareholders holding 5% or above voting shares of the Company
In RMB
Name of the company Closing amount Opening amount
88
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
(3) Explanation on major account payable over one year
17. Account received in advance
(1) Account received in advance
In RMB
Item Closing amount Opening amount
Within 1 year 402,929.57 11,796,951.28
1-2 years
2-3 years
Over three years 349,863.72 349,863.72
Total 752,793.29 12,146,815.00
(2)Accounts received in advance to shareholders holding 5% or above voting shares of the Company
In RMB
Name of the company Closing amount Opening amount
(3) Explanation on major account received in advance with over one year age:
18. Salary payable
In RMB
Item Opening book balance Increase in Period Decrease in Period Closing book balance
I. Salary, bonus,
allowance and 14,391,510.83 34,200,034.00 36,929,405.84 11,662,138.99
subsidy
II. Employee
1,484,902.57 1,413,653.15 71,249.42
Welfare expenses
III. Social insurance 4,629,931.37 4,629,931.37
Including: Medical
1,363,564.90 1,363,564.90
insurance
Basic pension
2,745,345.27 2,745,345.27
insurance
Unemployment
154,013.41 154,013.41
insurance
Injury insurance 161,010.87 161,010.87
Maternity insurance 156,823.72 156,823.72
IV. Housing
37,421.98 1,188,456.18 1,050,642.92 175,235.24
accumulation fund
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山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
V. Dismissal welfare 40,000.00 40,000.00
VI. Other 1,095,809.79 363,191.18 406,414.81 1,052,586.16
Total 15,524,742.60 41,906,515.30 44,470,048.09 12,961,209.81
RMB 0.00 was defaulted in salary payable
Fund of labor union and education was RMB 406,414.81, non-monetary welfare was RMB 0.00, and compensation due to labor
relationship terminated was RMB 40,000.00.
The wages payable expected to pay and the amount for payment:
19. Tax payable
In RMB
Item Closing amount Opening amount
VAT -6,919,687.06 -11,784,115.02
Business tax 3,006.25 65,548.07
Corporate income tax -88,480.55 -4,360.17
Individual income tax 73,213.45 190,551.71
Urban maintenance and construction tax 376.25 4,938.01
House property tax 210,945.46 154,310.33
Land use tax 82,750.00 82,750.00
Educational surtax 257.13 2,116.29
Other 28,587.98 37,922.22
Total -6,609,031.09 -11,250,338.56
Taxes payable, that the tax authorities agreed to the branch companies, subsidiaries of taxable income between mutual dispensing,
and shall explain tax calculation process:
20. Interest payable
In RMB
Item Closing amount Opening amount
Installment and interest due repayment of principal
67,211.91
long-term loan interest
Short-term borrowing interest payable 115,653.14
Total 182,865.05
Explanation on interest payable
21. Dividends payable
In RMB
90
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Name Closing amount Opening amount Reasons for unpaid over one year
Luyin Investment Group Co., Ltd. 45,109.80 45,109.80
Shandong Airlines Co., Ltd. 32,110.00 32,110.00
CNHTC Jinan Truck Co., Ltd. 350,000.00 350,000.00
Shandong Detai Decorating Co., Ltd. 32,110.00 32,110.00
Total 459,329.80 459,329.80 --
Explanation on dividends payable
22. Other account payable
(1) Other account payable
In RMB
Item Closing amount Opening amount
Within one year 2,326,178.54 3,327,906.70
1-2 years 95,416.96 19,943.40
2-3 years 257,873.70 3,125,621.09
Over three years 4,672,203.26 923,892.10
Total 7,351,672.46 7,397,363.29
(2) Others payable due to shareholders units holding over 5% (5% included) voting shares of the Company
at period-end
In RMB
Name of the company Closing amount Opening amount
(3) Explanation on other account payable with over one year age
(4) Explanation on unit of major connected amount for other account payable
23. Non-current liabilities due within one year
(1) Non-current liabilities due within one year
In RMB
Item Closing amount Opening amount
Long-term loans due within one year 10,038,164.53 18,162,141.05
Total 10,038,164.53 18,162,141.05
(2) Long-term loans due within one year
Long-term loans due within one year
In RMB
91
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Item Closing amount Opening amount
Credit loan 10,038,164.53 18,162,141.05
Total 10,038,164.53 18,162,141.05
Amount of RMB 0.00 was extended due to overdue in long-term loans due within one year
Top five long-term loans due within one year
In RMB
Closing amount Opening amount
Loans dated
Company Loans ended Currency Rate In foreign In foreign
from In RMB In RMB
currency currency
Jinan Lixia
18,162,141.0
Branch of 2012-10-31 2015-10-30 RMB 7.07% 9,597,777.78
5
ICBC
18,162,141.0
Total -- -- -- -- -- 9,597,777.78 --
5
Overdue loans in long-term loans due within one year
In RMB
Reasons for Expected
Company Amount loans Overdue time Annual rate Purpose of loans
overdue payment date
Amount RMB 4,798,888.89 was paid after balance sheet date
Explanation on long-term loans due within one year:
Note: On 11 June 2012, the Company entered into a loan agreement with Jinan Lixia Branch of ICBC for loan of RMB
58,000,000.00. The loan terms from 31 October 2012 to 30 October 2015, RMB 34,640,000.00 was drawing in the Period actually.
The principal RMB 9,597,777.78 paid in 2014 was listed under the item of “Non-current liabilities due within one year”. Other
non-current liability roll in – Constuction special fund RMB 419,104.68, other non-current liability roll in – fiscal ship-building
discount RMB 21,282.07.
(3) Bond payable due within one year
In RMB
Interest Interest
Interest Interest paid
Issuing payable at payable in Balance at
Name Value Issuing date Terms payable in in this
amount period-begi this period-end
this period period
n period-end
Explanation on bond payable due within one year:
(4) Long-term account payable due within one year
In RMB
Amount at
Unit Terms Initial amount Rate Interest reckoned Loan condition
period-end
92
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Explanation on long-term account payable due within one year:
24. Long-term loans
(1) Long-term loans
In RMB
Item Closing amount Opening amount
Credit loan 17,246,666.66 17,246,666.66
Total 17,246,666.66 17,246,666.66
Explanation on long-term loans
1. On 11 June 2012, the Company entered into a loans agreement with Jinan Lixia Branch of ICBC for borrowing RMB
58,000,000.00 dated from 31 October 2012 to 30 October 2015. Actually RMB 34,640,000.00 loans were withdrawal in the Period.
The principal of loans RMB 7,697,777.78 payable was listed under the “Non-current liabilities due within one year”
2. On 3 April 2013, the Company entered into a loans agreement with Jinan Lixia Branch of ICBC for borrowing RMB
10,000,000.00 dated from 8 April 2013 to 1 April 2016. And actually RMB 7,600,000.00 loans were withdrawal in the Period.
(2) Top five long-term loans
In RMB
Closing amount Opening amount
Loans dated
Company Loans ended Currency Rate In foreign In foreign
from In RMB In RMB
currency currency
Jinan Lixia
Branch of 2012-10-31 2015-10-30 RMB 7.07% 9,646,666.66 9,646,666.66
ICBC
Jinan Lixia
Branch of 2013-04-08 2016-04-01 RMB 6.77% 7,600,000.00 7,600,000.00
ICBC
--
17,246,666.6 17,246,666.6
Total -- -- -- -- -- --
6 6
Explanation on long-term loans: explain the condition of extension, principal, interest and arrangement for payment for those
long-term loans merge from overdue loans which were extended.
25. Other non-current liability
In RMB
Item Closing book balance Opening book balance
Construction special funds 12,382,410.48 12,382,410.48
93
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Fiscal ship-building discount 789,800.57 789,800.57
Total 13,172,211.05 13,172,211.05
Explanation on other non-current liability
Note 1. In accordance with the notice of construction special funds plans as 2nd RMB 800 million “Two districts” of 2011 and 2nd of
2011 Shandong peninsula blue economic development districts and Yellow River Delta Efficient Ecological Economic Districts, that
is Yan Fa Gai Tou Zi [2011] No. 464 issued from Yantai Development and Reform Commission and Yantai Municipal Finance
Bureau, the Company obtained construction special funds with assets concerned RMB 6,800,000.00 in reporting period in 2012 and
in 2013 respectively.
Note2. In accordance with the notice of 2013 budget index of fiscal discount fund for provincial deep-sea fishing enterprises Lu Cai
Nong Zhi [2013] No.32 printed and issued by Office of Shandong Fianncial Department dated 25 June 2013, the Company received a
finacnial discount RMB 830,000.00 for year of 2013
Item of liability with government subsidy concerned
In RMB
Amount reckoned
Subsidy
into non-operation Closing Assets-related/
Item Opening balance increase during Other changes
revenue in the balance Income-related
this period
Period
26. Share capital
In RMB
Changes in the Period (+,-)
Opening Shares transfer Closing
Issuing new
amount Bonus shares from public Other Subtotal amount
shares
reserves
Total shares 266,071,320.00 266,071,320.00
Explanation on changes of share capital. Name of CPA, who has verified the capital, and verification report serial shall be disclosed
while the capital was increased or decreased in the reporting period; as for the incorporated company operated within three years, net
assets of the year before establishment should be explained; if the limited liability company change to incorporated company totally,
the verification while establishment shall be explained
27. Capital surplus
In RMB
Item Opening amount Increase in Period Decrease in Period Closing amount
Capital premium (equity
186,283,711.00 186,283,711.00
premium)
Other Capital surplus 94,961,504.96 94,961,504.96
Total 281,245,215.96 281,245,215.96
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山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Explanation on capital surplus
28. Surplus reserve
In RMB
Item Opening amount Increase in Period Decrease in Period Closing amount
Statutory Surplus reserve 21,908,064.19 21,908,064.19
Total 21,908,064.19 21,908,064.19
Explanation on surplus reserve: explain relevant reference while there have equity increased from surplus reserves, make-up losses
and dividend distribution
29. Retained profit
In RMB
Proportion of withdrawal or
Item Amount
distribution
Retained profit of year-begin after adjustment -28,432,075.99 --
Add: Net profit attribute to owners of parent
1,306,809.14 --
company
Retained profit at period-end -27,125,266.85 --
Adjustment of retained profit at year-begin:
1) Retained profit RMB 0.00 at beginning of the year was affected by the retroactive adjustment regulated in rules and Accounting
Standards for Business Enterprise;
2) Retained profit RMB 0.00 at beginning of the year was affected by the changes of accounting policy;
3) Retained profit RMB 0.00 at beginning of the year was affected by the major correction on accounting errors;
4) Retained profit RMB 0.00 at beginning of the year was affected by the consolidation scope changed under the same control;
5) Retained profit RMB 0.00 at beginning of the year was affected by the total other adjustment
Explanation on retained profit: As for the enterprises initial public offering the securities, if the accumulated profits before offering
are been approved to be share by new and old shareholders in the shareholders’ general meeting, the explanation shall be state; if the
accumulated profit before offering are been approved to be share by old shareholders only before offering in the shareholders’
general meting, the audit profit in dividend payables that should be share by the old shareholders shall be disclosed.
30. Operating revenue, operating cost
(1) Operating revenue, operating cost
In RMB
Item Current amount Amount of the period before
Main operating revenue 255,542,481.66 260,988,876.37
Other revenue 4,474,102.95 3,739,483.85
95
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Operating cost Operating cost 239,126,034.18 219,741,407.76
(2) Main business (by industries)
In RMB
Current amount Amount of the period before
Industries
Operating revenue Operating cost Operating revenue Operating cost
Oceanic fishing and re-processing 122,918,154.00 127,290,438.93 74,020,865.36 51,153,852.24
Management and rental of
39,292,689.17 29,690,426.42 39,743,558.52 30,632,659.79
refrigerated transport vessels
Seafood processing, cold storage
93,331,638.49 81,231,958.09 147,224,452.49 137,175,578.42
and other
Total 255,542,481.66 238,212,823.44 260,988,876.37 218,962,090.45
(3) Main business (by products)
In RMB
Current amount Amount of the period before
Products
Operating revenue Operating cost Operating revenue Operating cost
Tuna 122,918,154.00 127,290,438.93 74,020,865.36 51,153,852.24
Leasing and management of
39,292,689.17 29,690,426.42 39,743,558.52 30,632,659.79
refrigerated transport ship
Seafood processing, cold storage
93,331,638.49 81,231,958.09 147,224,452.49 137,175,578.42
charge
Total 255,542,481.66 238,212,823.44 260,988,876.37 218,962,090.45
(4) Main business (regions)
In RMB
Current amount Amount of the period before
Regions
Operating revenue Operating cost Operating revenue Operating cost
Mainland China 50,764,857.38 51,956,256.59 70,125,569.27 61,224,936.88
Taiwan China 63,946,569.19 52,764,811.56 73,341,550.52 48,151,686.19
Japan 73,068,011.07 69,203,366.99 75,549,131.86 70,464,321.21
Singapore 14,845,442.29 14,171,390.55 7,679,886.56 7,162,994.20
Ghana 6,698,425.81 6,560,238.17 5,922,454.23 5,497,321.11
South Korea 31,322,760.73 29,666,066.92 16,789,253.61 15,659,258.16
Other 14,896,415.19 13,890,692.66 11,581,030.32 10,801,572.70
96
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Total 255,542,481.66 238,212,823.44 260,988,876.37 218,962,090.45
(5) Top five clients in operating revenue
In RMB
Clients Revenue from main business Proportion in total operating revenue of the Company
No.1 Taiwan Fengqun Company 63,946,569.19 49.00%
No.2 Japan Beishui 22,619,759.03 17.00%
No.3 South Korea Haitian 22,370,381.69 17.00%
No.4 Japan Weike 13,469,741.61 11.00%
No.5 Singapore Chuncheng 7,643,749.19 6.00%
Total 130,050,200.71 100.00%
Explanation on operating revenue
31. Business tax and surcharge
In RMB
Amount of the period
Item Current amount Taxation basis
before
Business tax 65,412.51 360,209.02 3% or 5% of the rental income
Urban maintenance and construction
85,573.82 24,918.01 7% of amount of turnover tax paid
tax
4% or 5% of amount of turnover tax
Educational surtax 61,112.52 17,798.59
paid
House property tax 154,500.00 132,465.47 House area
Other 25,432.11 17,798.21
Total 392,030.96 553,189.30 --
Explanation on business tax and surcharge
32. Sales expenses
In RMB
Item Current amount Amount of the period before
Payroll payable 489,983.40 430,724.97
Depreciation cost 18,786.08 16,777.50
Travelling charge 165,979.96 140,057.56
Freight and miscellaneous charges 381,004.75 456,934.13
Port surcharge 983,277.01 915,375.64
97
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Post and communication charge 25,033.27 12,447.43
Agency fee 8,997.50 55,585.71
Business publicity expenses 25,055.00 18,800.00
Customs censoring charges 21,041.94 104,201.39
Other 19,455.57 11,400.00
Total 2,138,614.48 2,162,304.33
33. Administrative expenses
In RMB
Item Current amount Amount of the period before
Payroll payable 11,285,018.16 8,108,131.68
Travelling charge 435,241.76 402,232.49
Entertainment expenses 435,390.78 787,815.99
Office allowance 145,930.58 215,231.09
Depreciation cost 680,995.85 762,431.65
Repair charge 59,974.36 86,168.10
Conference expenses 41,463.00 39,284.50
Amortization of low-value consumption 6,758.50 12,638.00
Personnel education fund 165,683.04 127,930.88
Expenses-type taxes 513,233.53 420,288.64
Agency fee(auditing, attorney, assessment
742,962.80 625,473.70
and consult fees)
Vehicles charge (operating expenses) 321,127.20 286,423.18
Disclosure expenses 194,763.34 190,000.00
Utilities 222,890.80 94,442.82
Amortization of intangible assets 122,008.50 134,855.22
Post and communication charge 154,444.13 177,610.57
Expenses of labor protection appliance 5,829.00 151,758.30
Abroad charges 259,802.86 138,547.40
Publicity expenses 28,945.00 99,900.00
Leasing expenses 433,664.33 485,387.17
Premium 91,959.95 119,286.95
Other 229,290.66 255,852.92
Total 16,577,378.13 13,721,691.25
98
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
34. Financial expenses
In RMB
Item Current amount Amount of the period before
Interest costs 1,529,736.37 2,122,987.11
Interest income 133,915.91 3,503,459.03
Exchange loss 519,064.60 1,856,838.69
Exchange gains 967,018.35 567,204.26
Other expense 143,843.83 335,232.11
Total 1,091,710.54 244,394.62
35. Asset impairment losses
In RMB
Item Current amount Amount of the period before
I. Bad debt losses -4,266,486.00
II. Inventory falling price loss 32,367,450.35
Total 28,100,964.35
36. Non-operating revenue
(1) Non-operating revenue
In RMB
Amount reckoned in current
Item Current amount Amount of the period before
non-recurring gains/losses
Total income from disposal of non-current
20,183.21 1,474,592.70 20,183.21
assets
Including: income from disposal of fixed
20,183.21 1,474,592.70 20,183.21
assets
Government subsidies 426,198.74 426,198.74
Other 32,200.00 46,408.22 32,200.00
Total 478,581.95 1,521,000.92 478,581.95
Statement of non-operating revenue
(2) Government subsidy reckoned into current gains/losses
In RMB
Item Amount of this period Amount of last period Assets-related/income-rel Non-recurring
99
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
ated gains/losses (Y/N)
Fuel subsidy Income-related N
Finance discount 7,094.00 Assets-related Y
Construction subsidy of
419,104.74 Assets-related Y
Blue Economic Zone
Total 426,198.74 -- --
37. Non-operating expenditure
In RMB
Amount reckoned in
Amount of the period
Item Current amount current non-recurring
before
gains/losses
Total income from disposal of non-current assets 291,933.45 383,366.53 291,933.45
Including: losses from disposal of fixed assets 291,933.45 383,366.53 291,933.45
Foreign donations 1,000.00 1,000.00
Other 6,624.00 6,624.00
Total 299,557.45 383,366.53 299,557.45
Explanation on non-operating expenditure
Losses from disposal of fixed assets mainly due to the expenditure RMB 291,933.45 used facilities sort out
38. Income tax expenses
In RMB
Item Current amount Amount of the period before
Current income taxes that calculated based on taxation laws
144,258.54 28,100.00
and relevant regulations
Total 144,258.54 28,100.00
39. Calculation of basic Earnings per share (EPS) and diluted Earnings per share (EPS)
Amount of the
Item Code Current amount
period before
Net profit attributable to common shareholders of the Company (I) P0
1,306,809.14 1,331,772.94
Net profit attributable to common shareholders of the Company after P0 1,127,784.64 194,138.55
deducting non-recurring gains and losses (II)
Total shares at period-begin S0
266,071,320.00 266,071,320.00
Amount of shares increase from public reserve capitalizing or share S1
100
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Amount of the
Item Code Current amount
period before
dividend distribution
Amount of shares increase from newly issuing shares or shares transfer Si
from debt
Amount of shares decrease from repurchased in report period Sj
Reducing shares in report period Sk
Amount of months in report period M0 6 6
Accumulated months from next month of share increased to period-end Mi
Accumulated months from next month of share decreased to period-end Mj
Weighted average of common shares issuing outside S 266,071,320.00 266,071,320.00
Basic earnings per share(EPS)(I) 0.005 0.005
Basic earnings per share(EPS)(II) 0.004 0.0007
Current net profit attributable to common shareholders after adjustment(I) P1
1,306,809.14 1,331,772.94
Current net profit attributable to common shareholders after adjustment P1 1,127,784.64 194,138.55
without non-recurring gains and losses (II)
Weighted average of common shares increased by warrants, stock option
and convertible bonds etc.
Diluted weighted average of common shares issuing outside 266,071,320.00 266,071,320.00
Diluted earnings per share(EPS)(I) 0.005 0.005
Diluted earnings per share (EPS)(II) 0.004 0.0007
40. Other consolidated income
In RMB
Item Current amount Amount of the period before
4. Translation differences of foreign financial sheet -6,201.08 624,046.25
Subtotal -6,201.08 624,046.25
Total -6,201.08 624,046.25
Explanation on other consolidated income
101
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
41. Notes of cash flow statement
(1) Other cash received related to operating activities
In RMB
Item Amount
Interest income 134,566.40
Current account 8,347,477.55
Other 345,023.02
Total 8,827,066.97
Explanation on other cash received related to operating activities
(2) Other cash paid related to operating activities
In RMB
Item Amount
Current account paid 2,569,014.93
Sales expenses paid in cash 1,775,906.26
Administrative expenses paid in cash 12,193,990.72
Other paid in cash 3,007,105.50
Total 19,546,017.41
Explanation on other cash paid related to operating activities
(3) Other cash received related to investment activities
In RMB
Item Amount
Explanation on other cash received related to investment activities
(4) Other cash paid related to investment activities
In RMB
Item Amount
Explanation on other cash paid related to investment activities
(5) Other cash received related to financing activities
In RMB
Item Amount
102
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Explanation on other cash received related to financing activities
(6) Other cash paid related to financing activities
In RMB
Item Amount
Explanation on other cash paid related to financing activities
42. Supplementary information of cash flow statement
(1) Supplementary information of cash flow statement
In RMB
Supplementary information Current Amount Amount of the Previous Period
1. Reconciliation of net profit to cash flows from operating
-- --
activities:
Net profit 725,582.28 1,313,943.00
Add: Provision for impairment of assets -21,492,419.66 28,100,964.35
Depreciation of fixed assets, oil assets and productive
13,281,060.26 11,686,603.28
biological assets
Amortization of intangible assets 122,008.50 134,855.22
Losses on disposal of fixed assets, intangible assets and
272,933.45 383,366.53
other long-term assets (income is listed with “- ”)
Losses on scrapping of fixed assets(income is listed with
-1,548.60 -1,474,592.70
“- ”)
Financial expenses(income is listed with “- ”) 1,235,657.97 2,122,987.11
Decrease in inventories(increase is listed with “-”) 26,242,704.59 -76,106,350.93
Decrease in operating receivables(increase is listed with
16,731,116.39 -15,494,978.46
“-”)
Increase in operating payables(decrease is listed with “- ”) -35,230,698.91 28,418,105.39
Other -164,466.90
Net cash flows arising from operating activities 1,721,929.37 -20,915,097.21
2. Significant investing and financing activities that do not
-- --
involve cash receipts and payments
3. Net changes in cash and cash equivalents -- --
Cash at the end of the year 42,334,283.42 49,253,990.22
Less: Cash at the beginning of the period 53,935,725.66 28,287,601.46
Net increase in cash and cash equivalents -11,601,442.24 20,966,388.76
103
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
(2) Relevant information about obtaining/disposal of subsidiary and other business unit in report period
In RMB
Supplementary information Amount of this period Amount of last period
I. Relevant information about obtaining subsidiary and
-- --
other business units:
II. Relevant information about disposal of subsidiary and
-- --
other business units:
(3) Composition of cash and cash equivalents
In RMB
Item Closing amount Opening amount
I. Cash 42,334,283.42 53,935,725.66
Including: Cash on hand 576,588.70 605,694.05
Bank deposit paid at any time 40,790,572.52 51,793,889.06
Other monetary funds paid at any time 967,122.20
III. Cash and cash equivalents a period-end 42,334,283.42 53,935,725.66
Explanation on supplementary information of cash flow statement
VIII. Related parties and related transaction
1. Parent company of the enterprise
Shareholdi Voting
ng right
Ultimate Code of
Related Legal proportion proportion
Parent Type of Register Business Registered controller organizati
relationshi representat of parent of parent
company enterprise place nature capital of the on
p ive company company
Company institution
in the in the
Company Company
Investment
and
Shandong manageme Shandong
State-owne Controllin nt, State-owne
State-owne
d Assets g Jinan Li manageme 160000000 d Assets 16307316-
d
Investment shareholde Shandong Guangqing nt and 0 Investment 7
enterprise
Holdings r operation Holdings
Co., Ltd. of assets, Co., Ltd.
managed
operations,
104
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
investment
advisory
Explanation on parent company of the enterprise
2. Subsidiary of the enterprise
Full name Legal Code of
Type of Type of Register Business Registered Shareholdin Voting
of representati organization
subsidiary enterprise place nature capital g proportion proportion
subsidiary ve institution
Shandong
Zhonglu
Controlling Limited Qingdao Refrigerated 22,5056,00.
Fishery Wang Huan 100.00% 100.00% 163071233
subsidiary company Shandong transport 00
Shipping
Co., Ltd.
HabitatInter
Controlling Limited Refrigerated 12476146.0
nationalCor Panama Li Wenyi 100.00% 100.00%
subsidiary company transport 0
poration
Shandong
Zhonglu
Oceanic Controlling Limited Yantai Food 75593300.0
Li Ming 100.00% 100.00% 729277389
(Yantai) subsidiary company Shandong processing 0
Foods Co.,
Ltd.
Shandong
Zhonglu
Controlling Limited Qingdao Chi Ocean 54000000.0
Haiyan 51.85% 51.85% 05341864-6
subsidiary company Shandong Weizhen fishery 0
Oceanic
Co., Ltd.
3. Other related party of the Company
Other related party Relations with Company Organization code
Luxin Investment Holding Company
Shareholders with over 5% shares held 73577367-X
Limited
Explanation on other related party of the Company
4. Account receivable/payable of related parties
Account receivable from related party
In RMB
Item Related party Period-end Period-begin
105
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Book balance Bad debt provision Book balance Bad debt provision
Shandong Zhonglu
Account receivable Oceanic (Yantai) 9,429,585.00
Foods Co., Ltd.
YAW ADDO
Other account receivable 7,161,843.14 7,063,276.73
FISHERIES CO.,LTD
YAW ADDO
Long-term receivables 6,868,229.37 6,426,342.82
FISHERIES CO.,LTD
Shandong Zhonglu
Other account receivable Fishery Shipping Co., 24,714,718.67 24,714,718.67
Ltd.
Account payable to related party
In RMB
Item Related party Closing amount Opening amount
Habitat
Other payables 15,332,054.79
InternationalCorporation
Shandong Zhonglu Haiyan
Other payables 33,966,495.30
Oceanic Co., Ltd.
IX. Notes to main items in financial statement of parent company
1. Account receivable
(1) Account receivable
In RMB
Closing amount Opening amount
Book balance Bad debt provision Book balance Bad debt provision
Category
Propo Proporti Proporti Proporti
Amount Amount Amount Amount
rtion on on on
Account receivable with bad debt provision accrual by portfolio
100.0 100.00
Age portfolio 15,119,769.58 5,689,367.98 37.63% 5,690,184.58 5,689,367.98 99.99%
0% %
100.0 100.00
Subtotal 15,119,769.58 5,689,367.98 37.63% 5,690,184.58 5,689,367.98 99.99%
0% %
Total 15,119,769.58 -- 5,689,367.98 -- 5,690,184.58 -- 5,689,367.98 --
Explanation on category of account receivable
Account receivable with major single amount and withdrawal bad debt provision single at period-end
□Applicable √Not applicable
106
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
Account receivable with bad debt provision withdrawal by method of account age in portfolio
√ Applicable □Not applicable
In RMB
Closing amount Opening amount
Book balance Book balance
Account age
Proporti Bad debt provision Proporti Bad debt provision
Amount Amount
on on
Within one year
Including: -- -- -- -- -- --
Within six
9,429,585.00 62.37%
months
Subtotal
within one 9,429,585.00 62.37%
year
1-2 years 1,166.57 349.97 1,166.57 0.02% 349.97
Over 3 years 5,689,018.01 37.63% 5,689,018.01 5,689,018.01 99.98% 5,689,018.01
Total 15,119,769.58 -- 5,689,367.98 5,690,184.58 -- 5,689,367.98
Account receivable with bad debt provision withdrawal by method of percentage of balance in portfolio
□Applicable √Not applicable
Account receivable withdrawing bad bed provision by other methods in portfolio
□Applicable √Not applicable
Account receivable with minor single amount but has individual bad debt provision accrual at period-end
□Applicable √Not applicable
(2) Reversal or recovery of account receivables during the reporting period
In RMB
Accumulated provision
Basis for determination
Contents of account Reason for reversal of of bad debt reserve Amounts reversed or
of original bad debt
receivables recovery before reversal or recovered
reserve
recovery
Provision for bad debt reserve for account receivable with single significant or minor amount but tested for impairment separately as
at period-end:
In RMB
Contents of account
Book balance Bad debt amount Provision proportion Reason
receivables
Explanation for account receivable with single minor amount while the risks of the group categorized with similar risk characteristics
are relative significant:
107
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
(3) Account receivables actually written-off during the reporting period
In RMB
Name of the Nature of account Arising from related
Time of write-off Amount written off Reason for write-off
company receivables transactions (Y/N)
Explanation on write-off of account receivables:
(4)Account receivables due from the shareholders holding 5% or above voting shares of the Company
during the reporting period
In RMB
Closing amount Opening amount
Name of the company Bad debt provision Bad debt provision
Book balance Book balance
accrual accrual
(5) Properties and contents of other accounts receivable with large amount
(6) Top five clients in account receivable
In RMB
Proportion in total
Name Relations with Company Amount Aging
account receivable
Shandong Zhonglu
Oceanic (Yantai) Foods Subsidiary 9,429,585.00 Within 1 year 62.37%
Co., Ltd.
PANDA Non-related party 3,600,962.12 Over three years 23.82%
Haifeng Company Non-related party 430,625.10 Over three years 2.85%
Han Xue Non-related party 293,209.20 Over three years 1.94%
Wholesale dept. Non-related party 158,154.98 Over three years 1.05%
Total -- 13,912,536.40 -- 92.03%
(7) Account receivables due from related parties
In RMB
Proportion in total account
Name of the company Relationship with the Company Amount
receivables (%)
(8)
Transferring amount is 0 Yuan for accounts receivable not conforming to terminate the confirmation.
108
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
(9) It is required to introduce the relevant transaction arrangement for asset securitization taking accounts
receivables as the standard
2. Other account receivable
(1) Other account receivable
In RMB
Closing amount Opening amount
Book balance Bad debt provision Book balance Bad debt provision
Category
Propo Propo Propo Propo
Amount Amount Amount Amount
rtion rtion rtion rtion
Other account receivable with bad debt provision accrual by portfolio
100.0 12.40 77.58
Age portfolio 36,059,039.37 3,491,482.24 9.68% 4,500,203.66 3,491,482.24
0% % %
Account receivable for
87.60
subsidiaries included in 31,777,995.40
%
combination
100.0 100.0 77.58
Subtotal 36,059,039.37 3,491,482.24 9.68% 36,278,199.06 3,491,482.24
0% 0% %
Total 36,059,039.37 -- 3,491,482.24 -- 36,278,199.06 -- 3,491,482.24 --
Explanation on category of other account receivable
Other account receivable with major single amount and withdrawal bad debt provision single at period-end
□Applicable √Not applicable
Other account receivable with bad debt provision withdrawal by method of account age in portfolio
√ Applicable □Not applicable
In RMB
Closing amount Opening amount
Book balance Book balance
Account age
Proporti Bad debt provision Proporti Bad debt provision
Amount Amount
on on
Within one year
Including: -- -- -- -- -- --
Within six
693,037.39 1.92% 50,940.16 876,400.69 2.42% 43,820.04
months
6 months to 1
31,942,709.49 88.58% 28,148.59 149,573.79 0.41% 14,957.38
year
Subtotal within
32,635,746.88 90.51% 79,088.75 1,025,974.48 22.80% 58,777.42
one year
109
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
1-2 years 15,570.00 0.04% 4,671.00 40,730.12 0.11% 12,219.04
2-3 years 26,026.57 0.07% 13,013.29
Over 3 years 3,407,722.49 9.45% 3,407,722.49 3,407,472.49 9.39% 3,407,472.49
Total 36,059,039.37 -- 3,491,482.24 4,500,203.66 -- 3,491,482.24
Other account receivable with bad debt provision withdrawal by method of percentage of balance in portfolio
□Applicable √Not applicable
Withdrawing bad bed provision by other methods in portfolio
□Applicable √Not applicable
Other account receivable with minor single amount but has individual bad debt provision accrual at period-end
□Applicable √Not applicable
(2) Other account receivable switch-back or taken back in reporting period
In RMB
Amount of bad bed
Determination basis for provision accrual
Reason of switch back Amount switch back or
Other account receivable original bad debt accumulatively before
or take back taken back
reserves switch-back or taken
back
Accrual of bad debt provision for other account receivable with major single amount or with minor amount but have impairment test
independently at period
In RMB
Account receivable Book balance Bad debt Accrual proportion Reasons
Explanation on other account receivable with minor single amount but have major risks after combined with risk characteristic of the
credit
(3) Other receivables actually written-off during the reporting period
In RMB
Name of the Nature of other Reason for Arising from related
Time of write-off Amount written off
company receivables write-off transactions (Y/N)
Explanation on write-off of other receivables:
(4) Other receivables due from the shareholders holding 5% or above voting shares of the Company during
the reporting period
In RMB
Closing amount Opening amount
Name of the company Bad debt provision Bad debt provision
Book balance Book balance
accrual accrual
110
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
(5) Nature or content of other receivables with significant amount
(6) Top five clients in other account receivable
In RMB
Proportion in total other
Name Relations with Company Amount Aging
account receivable
Shandong Zhonglu
Fishery Shipping Co., Subsidiary 24,714,718.67 Within 1 year 75.89%
Ltd.
YAW ADDO Leasing management 7,161,843.14 2-3 years 21.99%
Japan Daihatsu Non-related party 288,896.39 Over three years 0.89%
Wang Yanle from
Staff of the Company 200,865.64 Over three years 0.62%
business dept.
Wende Ship Repair
Non-related party 200,000.00 Within 1 year 0.61%
Company
Total -- 32,566,323.84 -- 100.00%
(7) Other receivables due from related parties
In RMB
Proportion in total other
Name of the company Relationship with the Company Amount
receivables
(8)
Transferring amount is 0 Yuan for other accounts receivable not conforming to terminate the confirmation.
(9) It is required to introduce the relevant transaction arrangement for asset securitization taking other
accounts receivables as the standard
3. Long term equity investment
In RMB
Explanati
Accrual
Sharehold on on
Voting of
ing inconsiste Provision
Increase/ proportio provision Cash
Invested Calculatio Investme Opening Closing proportio ncy in for
decrease n in for dividend
company n method nt cost balance balance n in proportio depreciati
change invested impairme in Period
invested n between on
company nt in
company the
Period
sharehold
111
山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
ing and
voting
South
Cost 33,000,00 33,000,00 33,000,00 33,000,00
Securities 0.87% 0.87%
method 0.00 0.00 0.00 0.00
Co., Ltd.
HABITA
T
Cost 12,476,14 12,476,14 12,476,14
INTERN 100.00% 100.00%
method 5.60 5.60 5.60
ATIONA
L CORP.
Shandong
Zhonglu
Cost 21,380,32 22,869,51 22,869,51
Fishery 100.00% 100.00%
method 0.00 3.38 3.38
Shipping
Co., Ltd.
Shandong
Zhonglu
Oceanic Cost 32,280,00 55,448,18 55,448,18
74.23% 74.23%
(Yantai) method 0.00 5.24 5.24
Foods
Co., Ltd.
Shandong
Zhonglu
Cost 28,000,00 27,985,81 27,985,81
Haiyan 51.85% 51.85%
method 0.00 1.01 1.01
Oceanic
Co., Ltd.
127,136,4 151,779,6 151,779,6 33,000,00
Total -- -- -- --
65.60 55.23 55.23 0.00
Explanation on long term equity investment
4. Operating revenue and Operating cost
(1) Operating revenue
In RMB
Item Current amount Amount of the period before
Main operating revenue 107,599,036.19 72,545,924.45
Other revenue 3,033,875.69 4,756,262.02
Total 110,632,911.88 77,302,186.47
Operating cost 112,102,413.16 52,558,645.91
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山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
(2) Main business (by industries)
In RMB
Current amount Amount of the period before
Industries
Operating revenue Operating cost Operating revenue Operating cost
Oceanic fishing 107,599,036.19 111,189,202.42 72,545,924.45 49,783,238.95
Total 107,599,036.19 111,189,202.42 72,545,924.45 49,783,238.95
(3) Main business (by products)
In RMB
Current amount Amount of the period before
Products
Operating revenue Operating cost Operating revenue Operating cost
Tuna 107,599,036.19 111,189,202.42 72,545,924.45 49,783,238.95
Total 107,599,036.19 111,189,202.42 72,545,924.45 49,783,238.95
(4) Main business (regions)
In RMB
Current amount Amount of the period before
Regions
Operating revenue Operating cost Operating revenue Operating cost
Mainland China 82,945,156.17 88,114,817.28 38,947,932.45 32,264,212.55
Taiwan China 24,653,880.02 23,074,385.14 33,597,992.00 17,519,026.40
Total 107,599,036.19 111,189,202.42 72,545,924.45 49,783,238.95
(5) Top five clients in operating revenue
In RMB
Proportion in total
Clients Total operating revenue operating revenue of the
Company
No.1 Yantai Food 69,495,933.00 62.82%
No.2 Taiwan Fengqun Company 24,653,880.02 22.28%
No.3 Ningbo Fengsheng 7,471,171.17 6.75%
No.4 Li Wengong 5,917,059.00 5.35%
No.5 Ningbo Tropical 60,993.00 0.06%
Total 107,599,036.19 97.26%
Explanation on operating revenue
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5. Supplementary information of cash flow statement
In RMB
Amount of the Previous
Item Current Amount
Period
1. Reconciliation of net profit to cash flows from operating activities: -- --
Net profit -12,778,455.07 -4,648,657.12
Add: Provision for impairment of assets -19,604,921.86 28,100,964.35
Depreciation of fixed assets, oil assets and productive biological
5,862,598.35 6,705,488.08
assets
Amortization of intangible assets 3,799.98 16,646.70
Losses on disposal of fixed assets, intangible assets and other
-1,470,292.70
long-term assets (income is listed with “- ”)
Loss on retirement of fixed assets (income is listed with “- ”) -1,548.60
Financial expenses(income is listed with “- ”) 970,801.67 1,730,237.32
Decrease in inventories(increase is listed with “-”) 41,651,358.05 -64,412,798.17
Decrease in operating receivables(increase is listed with “-”) 14,388,198.00 -5,290,079.93
Increase in operating payables(decrease is listed with “- ”) -36,396,005.38 35,427,050.20
Other 7,158.75
Net cash flows arising from operating activities -5,897,016.11 -3,841,441.27
2. Significant investing and financing activities that do not involve
-- --
cash receipts and payments
3. Net changes in cash and cash equivalents -- --
Cash at the end of the year 9,080,954.88 26,592,324.84
Less: Cash at the beginning of the period 13,401,133.74 16,467,806.39
Net increase in cash and cash equivalents -4,320,178.86 10,124,518.45
X. Supplementary Information
1. Current non-recurring gains/losses
In RMB
Item Amount Note
Gains/losses from the disposal of non-current asset (including the
-271,750.24
write-off that accrued for impairment of assets)
Governmental subsidy reckoned into current gains/losses (not
including the subsidy enjoyed in quota or ration according to
426,198.74
national standards, which are closely relevant to enterprise’s
business)
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Other non-operating income and expenditure except for the
25,576.00
aforementioned items
Foreign donations -1,000.00
Total 179,024.50 --
Explain recognition reasons item-by-item if the government subsidy reckoned into current gains/losses was the recurring gains/losses
□ Applicable√ Not applicable
2. Difference of the accounting data under accounting rules in and out of China
(1)Difference of the net profit and net assets disclosed in financial report, under both IAS (International
Accounting Standards) and Chinese GAAP (Generally Accepted Accounting Principles)
In RMB
Net profit attributable to shareholders of listed Net assets attributable to shareholders of listed
company company
Amount at
Amount in this period Amount in last period Amount at period-end
period-begin
Chinese GAAP 1,306,809.14 1,331,772.94 542,151,346.04 540,850,737.98
Items and amount adjusted by IAS
(2)Difference of the net profit and net assets disclosed in financial report, under both foreign accounting
rules and Chinese GAAP (Generally Accepted Accounting Principles)
In RMB
Net profit attributable to shareholders of listed Net assets attributable to shareholders of listed
company company
Amount at
Amount in this period Amount in last period Amount at period-end
period-begin
Chinese GAAP 1,306,809.14 1,331,772.94 542,151,346.04 540,850,737.98
Items and amount adjusted by foreign accounting rules
(3)Reasons for the differences of accounting data under accounting rules in and out of China
3. ROE and Earnings per share (EPS)
In RMB
Earnings per share(EPS)
Weighted average rate of
Net profit in Period Basic earnings per Diluted earnings per
ROE
share(EPS) share(EPS)
Net profit attributable to common shareholders 0.24% 0.005 0.005
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山东省中鲁远洋渔业股份有限公司 2014 年半年度报告全文
of Company
Net profit attributable to common shareholders
of Company after deducting non-recurring 0.21% 0.004 0.004
gains/losses
4. Abnormalities and reasons of the accounting statement items of the Company
1.Balance sheet
Range
Item Closing balance Opening balance Amount changed Note
changed %
Note
Account receivable -11,070,855.68 -86.31
1,755,790.58 12,826,646.26 1
Note
Account paid in advance 12,984,194.45 99.29
26,061,141.45 13,076,947.00 2
Note
Other current assets 7,000,000.00 -7,000,000.00 -100.00
3
Note
Construction in process 8,344,367.54 1,656.66
8,848,054.22 503,686.68 4
Note
Short-term loans 7,650,248.56 35.40
29,258,210.07 21,607,961.51 5
Note
Account received in advance -11,394,021.71 -93.80
752,793.29 12,146,815.00 6
Note
Taxes payable 4,641,307.47 41.25
-6,609,031.09 -11,250,338.56 7
Non-current liability due within
10,038,164.53 18,162,141.05 -8,123,976.52 -44.73 Note 8
one year
Note1: Account receivable at period-end decrease over than that of period-begin mainly because the contact account receivable in export
business from Yantai Subsidiary Company was collected
Note2: Account paid in advance at period-end increased mainly due to the amount paid for purchasing tuna material from Yantai
Subsidiary Company and the access fishing fee paid in advance by Haiwei branch company
Note3: The preservation finance products of other current assets 7 million Yuan has redeemed on 15 January 2014, and no finance
products in the Period
Note4: Construction in process at period-end increased mainly because the second-hand tuna long liner was purchased in the Period and
the earnest money paid for purchasing the second-hand catch refrigerated carrier still not transform to assets
Note5: Short-term loans at period-end increased mainly because 6-month current capital loans 10.40 million Yuan increased by
Zhonglu Haiyan Branch and the borrowings from Yantai subsidiary decreased
Note6: Account received in the advance at-period decreased mainly because no advance payment in the Period and the advance payment
last period has been settled
Note7: Taxes payable at period-end increased mainly because the export rebates received in the Period
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Note8: Non-current liability due within one year at period-end decreased mainly because the bank loans returned in the Period
2. Profit statement
Financial expenses 1,091,710.54 244,394.62 847,315.92 346.70 Note1
Loss from assets devaluation 28,100,964.35 -28,100,964.35 -100.00
Note2
Mon-operation revenue 478,581.95 1,521,000.92 -1,042,418.97 -68.54
Note3
Income tax expenses 144,258.54 28,100.00 116,158.54 413.38
Note4
Minority interest income -581,226.86 -17,829.94 -563,396.92 3,159.84
Note5
Other comprehensive income -6,201.08 624,046.25 -630,247.33 -100.99
Note6
Note1: Financial expenses increased in the Period mainly because the interest paid for equity of Qingdao Double-Whale off-setting the
financial expenses in last Period
Note2: There is no inventory falling price reserves in Period
Note3: Non-operation revenue decreased in the Period mainly because there has a 1.47 million Yuan revenue obtained from ships
disposal from Haiwei branch in last Period’s non-operation revenue
Note4: Income tax expenses increased in the Period mainly because the enterprise income tax for year of 2013 was paid by Haiyan
subsidiary
Note5: Minority interest income decreased in the Period mainly because Haiyan subsidiary has a deficit in the Period
Note6: Other comprehensive income deceased in the Period mainly due to the minor changes in exchange rates in the Period
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Section X. Documents available for reference
I.Accounting statement of the Company with signature and seal from the person in charge of the Company, person
in charge of the accounting works and person in charge of accounting;
II. Original text of all documents of the Company as well as manuscript of the announcement that disclosed on
website appointed by CSRC;
III. Text of 2014 semi-annual report with signature and seal of the legal representative.
Shandong Zhonglu Oceanic Fisheries Co., Ltd.
Chairman: Li Wenyi
21 August 2014
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