上海轮胎橡胶(集团)股份有限公司 600623 2006年中期报告 目录 一、重要提示 1 二、公司基本情况 1 三、股本变动及股东情况 3 四、董事、监事和高级管理人员 6 五、管理层讨论与分析 6 六、重要事项 9 七、财务会计报告 14 八、备查文件目录 76 一、重要提示 1、本公司董事会及其董事保证本报告所载资料不存在任何虚假记载、误导性陈述或者重大遗漏,并对其内容的真实性、准确性和完整性负个别及连带责任。 2、公司独立董事张晖明先生因工作原因未出席董事会,委托独立董事李柏龄先生代为表决。 3、公司中期财务报告未经审计。4、公司负责人范宪,主管会计工作负责人薛建民及会计机构负责人(会计主管人员)薛建民声明:保证中期报告中财务报告的真实、完整。 二、公司基本情况 (一)基本情况简介 1、 公司法定中文名称:上海轮胎橡胶(集团)股份有限公司 公司法定中文名称缩写:上轮公司 公司法定英文名称:Shanghai Tyre & Rubber Co., Ltd. 公司法定英文名称缩写:STRC2、 公司A股上市交易所:上海证券交易所 公司A股简称:G轮胎 公司A股代码:600623 公司B股上市交易所:上海证券交易所 公司B股简称:轮胎B股 公司B股代码:9009093、 公司注册地址:上海市闵行区江川路1251号605室 公司办公地址:上海市四川中路63号 邮政编码:200002 公司国际互联网网址:http://www.cstarc.com 公司电子信箱:company@cstarc.com4、 公司法定代表人:范宪5、 董事会秘书:王玲 电话:021-33024666-6379 传真:021-63390367 E-mail:company@cstarc.com 联系地址:上海市四川中路63号 公司证券事务代表:孙文 电话:021-33024666-6378 传真:021-63390367 E-mail:wsun@cstarc.com 联系地址:上海市四川中路63号6、 公司信息披露报纸名称:《上海证券报》、《南华早报》 登载公司中期报告的中国证监会指定国际互联网网址:http://www.sse.com.cn 公司中期报告备置地点:公司董事会秘书室 (二)主要财务数据和指标 1、主要会计数据和财务指标 (单位:人民币元) ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 主要会计数据 本报告期末 上年度期末 本报告期未比上 年度期未增减(% ) 流动资产 3,376,238,056. 2,890,366,07 16.81 22 5.11 流动负债 4,269,693,444. 3,736,384,98 14.27 92 5.32 总资产 6,808,565,542. 6,037,994,54 12.76 45 8.07 股东权益(不含少数 1,494,976,748. 1,480,313,23 0.99 股东权益) 46 7.92 每股净资产 1.681 1.664 1.02 调整后的每股净资产 1.463 1.455 0.55 报告期(1-6月 上年同期 本报告期比上年 ) 同期增减(%) 净利润 58,863,322.42 56,579,921.2 4.04 0 扣除非经常性损益后 21,797,696.18 58,999,726.9 -63.05 的净利润 9 每股收益 0.066 0.064 3.125 净资产收益率(%) 3.937 3.995 -0.084 经营活动产生的现金 241,989,261.57 235,244,655. 2.87 流量净额 43 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (单位:人民币元) ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 非经常性损益项目 金额 (一)处置长期股权投资、固定资产、 46,039,235.79 在建工程、无形资产、其他长期资产产 生的损益 (二)各种形式的政府补贴 995,000.00 (三)扣除公司日常根据企业会计制度 1,833,992.68 规定计提的资产减值准备后的其他各项 营业外收入、支出 (四)以前年度已经计提各项减值准备 210,867.48 的转回 (五)所得税影响额 -13,033,798.44 (六)少数股东损益影响额 1,020,328.73 合计 37,065,626.24 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 非经常性损益报告期为3,706.56万元与去年同期的-241.98万元相比增加3,948.54万元,增加的比例为1,631.76%,增加的主要原因为报告期内公司将持有浦发银行900万股法人股和持有上海轮胎橡胶(集团)如皋投资公司81.83%的股权予以转让,分别获得净收益4,073.44万元和995.39万元,因而使本期的非经常性损益较去年同期有较大的增幅。 2、按中国证监会发布的《公开发行证券公司信息披露编报规则》第9号的要求计算的净资产收益率及每股收益 单位:元币种:人民币 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 报告期利润 净资产收益率(%) 每股收益 全面摊薄 加权平均 全面摊薄 加权平均 主营业务利润 21.233 21.164 0.359 0.359 营业利润 1.226 1.222 0.021 0.021 净利润 3.937 3.899 0.066 0.066 扣除非经常性损益后的 1.448 1.444 0.025 0.025 净利润 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 3、国内外会计准则差异 单位:元币种:人民币 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 2006年中报 除税及少数股东权益 股东权益 后利润/(亏损) 根据中国会计准则 58,863,322.42 1,504,884,142.6 0 合并附属公司之亏损 273,574.22 少数股东权益承担附 -107,806.77 -13,076,777.90 属公司高于资本的亏 损之冲回 . 开办费摊销 -1,083,614.75 -4,361,858.46 根据国际财务报告准 57,945,475.12 1,487,445,506.2 则 4 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 2006年中期未经审计的税后利润,A股为58,863,322.42元,B股为57,945,475.12元,两者差异917,847.30元的构成为:1) 制皂销售等子公司当年盈利冲转累计发生的超额亏损净额273,574.22元,A股列为冲减未确认的投资损失,B股按国际会计准则的规定已在历年确认为集团损失(由大股东承担),故本期转回;2) B股根据上述调整相应的调整少数股东权益,增加损失107,806.77元;3)双钱碧源当年开办费的摊销余额1,083,614.75元,B股列为损失。 2006年中期未经审计的股东权益,A股为1,504,884,142.60元,B股为1,487,445,506.24元,两者差异17,438,636.36元的构成为:1) 子公司当年发生的由少数股东承担的超额亏损净额13,076,777.90元,B股按国际会计准则的规定调减股东权益;2) 公司历年的开办费摊销余额4,361,858.46元,B股调减股东权益。 三、股本变动及股东情况 (一)股份变动情况表 单位:股 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 本次变动前 本次变动增减(+,-) 本次变动后 数量 比 发 送股 公积 其 小计 数量 比 例 行 金转 他 例 新 股 股 一、有限售条件股份 1、国家持 605,8 68. -16,01 -16,01 589,84 66. 股 57,46 12 6,000 6,000 1,461 32 1 2、国有法 11,91 1.3 11,910 1.3 人持股 0,261 4 ,261 4 3、其他内 5,720 0.6 5,720, 0.6 资持股 ,000 4 000 4 其中:境内 5,720 0.6 5,720, 0.6 法人持股 ,000 4 000 4 境内自然人 持股 4、外资持 股 其中:境外 法人持股 境外自然人 持股 有限售条件 623,4 70. -16,01 -16,01 607,47 68. 股份合计 87,72 10 6,000 6,000 1,722 30 2 二、无限售条件流通股份 1、人民币 22,88 2.5 16,016 16,016 38,896 4.3 普通股 0,000 7 ,000 ,000 ,000 7 2、境内上 243,1 27. 243,10 27. 市的外资股 00,00 33 0,000 33 0 3、境外上 市的外资股 4、其他 无限售条件 265,9 29. 16,016 16,016 281,99 31. 流通股份合 80,00 90 ,000 ,000 6,000 70 计 0 三、股份总 889,4 100 889,46 100 数 67,72 .00 7,722 .00 2 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 股份变动的批准情况 1、详见3月29日刊登于《上海证券报》、上海证券交易所网站的《上海轮胎橡胶(集团)股份有限公司关于股权分置改革方案获得上海市国资委批复的公告》。 2、详见5月15日刊登于《上海证券报》、上海证券交易所网站的《上海轮胎橡胶(集团)股份有限公司关于股权分置改革方案获商务部批复的公告》。 (二)股东情况 1、股东数量和持股情况 单位:股 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 报告期末股东总数 50,157 前十名股东持股情况 股东名称 股东 持股 持股总数 报告 持有有 质押或 性质 比例( 期内 限售条 冻结的 %) 增减 件股份 股份数 数量 量 上海华谊(集团)公 国有 66.32 589,841, -16,0 589,84 司 股东 461 16,00 1,461 0 徐州轮胎集团公司 国有 1.06 9,410,26 0 9,410, 冻结7, 法人 1 261 410,26 股东 1 DEBORAHWANGLIN 外资 0.31 2,792,00 0 未知 股东 0 刘春富 外资 0.29 2,608,30 45,30 未知 股东 0 0 上海市公积金管理中 国有 0.28 2,500,00 0 2,500, 心 法人 0 000 股东 DBSVICKERS(HONGKON 外资 0.28 2,452,13 1,800 未知 G)LTDA/CCLIENT 股东 9 ,150 NAITOSECURITIESCO., 外资 0.27 2,369,50 -416, 未知 LTD. 股东 1 899 NOMURAINTERNATIONAL 外资 0.26 2,336,10 2,260 未知 (HONGKONG)LIMITED-C 股东 0 ,000 USTOMERS'SEGREGATED ACCOUNT TOYOSECURITIESASIAL 外资 0.24 2,116,88 234,2 未知 TDA/CCLIENT 股东 0 00 SCBSHA/CCREDITSUISS 外资 0.15 1,294,26 1,294 未知 E(HONGKONG)LIMITED 股东 1 ,261 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 前十名无限售条件股东持股情况 股东名称 持有无限售条件股份 股份种类 数量 DEBORAHWANGLIN 2,792,000 境内上市外 资股 刘春富 2,608,300 境内上市外 资股 DBSVICKERS(HONGKONG)LTDA/CCLIENT 2,452,139 境内上市外 资股 NAITOSECURITIESCO.,LTD. 2,369,501 境内上市外 资股 NOMURAINTERNATIONAL(HONGKONG)LIMI 2,336,100 境内上市外 TED-CUSTOMERS'SEGREGATEDACCOUNT 资股 TOYOSECURITIESASIALTDA/CCLIENT 2,116,880 境内上市外 资股 SCBSHA/CCREDITSUISSE(HONGKONG)LIM 1,294,261 境内上市外 ITED 资股 AIZAWASECURITIESCO.,LTD. 958,196 境内上市外 资股 HSBCBROKINGSECURITIES(ASIA)LIMITE 926,638 境内上市外 DCLIENTSACCOUNT 资股 HSBCFUNDSERVICESA/C006-113039-431 780,000 境内上市外 资股 上述股东关联关系或一致行动关系的 公司未知上述股东之间是否存在关 说明 联关系或属于《上市公司股东持股 变动信息披露管理办法》规定的一 致行动人。 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 公司第一、第二和第五大股东三者之间不存在关联关系或一致行动,其中第二大股东徐州轮胎集团公司持有本公司国有法人股741.03万股继续被冻结,冻结期限从2006年5月10日至2007年5月9日(期间为一年)。 前十名有限售条件股东持股数量及限售条件 单位:股 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 序 有限售条件股 持有的 有限售条件股份可 限售条件 号 东名称 有限售 上市交易情况 条件股 可上市 新增可上 份数量 交易时 市交易股 间 份数量 1 上海华谊(集 589,841 2008年5 88,946,7 上海华谊(集团)公司 团)公司 ,461 月22日 72.2 承诺:1、持有的本公 2009年5 500,894, 司股份自获得上市流通 月22日 688.8 权之日起,在24个月内 不通过上海证券交易所 挂牌交易出售股份;2 、在上述承诺期满后的 12个月内,上海华谊( 集团)公司通过上海证 券交易所挂牌交易出售 本公司的股份数不得超 过本公司总股本的10% ,出售价格不低于5.0 元/股(若股权分置改 革方案实施后本公司有 派息、送股、资本公积 金转增股份等除权事项 ,则需对该价格进行除 权除息处理);3、在3 6个月后上海华谊(集 团)公司所持有的本公 司股份可全部流通。 2 徐州轮胎集团 9,410,2 2007年5 9,410,26 自改革方案实施之日起 公司 61 月22日 1 ,在12个月内不上市交 易或转让。徐州轮胎集 团公司的有限售条件股 份在上市流通前应先征 得上海华谊(集团)公 司的同意。 3 上海市公积金 2,500,0 2007年5 2,500,00 自改革方案实施之日起 管理中心 00 月22日 0 ,在12个月内不上市交 易或转让。上海市公积 金管理中心的有限售条 件股份在上市流通前应 先征得上海华谊(集团 )公司的同意。 4 上海金通物产 286,000 2007年5 286,000 自改革方案实施之日起 公司 月22日 ,在12个月内不上市交 易或转让。 5 化工技会 286,000 2007年5 286,000 自改革方案实施之日起 月22日 ,在12个月内不上市交 易或转让。 6 上海国际信托 286,000 2007年5 286,000 自改革方案实施之日起 投资有限公司 月22日 ,在12个月内不上市交 易或转让。 7 百联集团有限 214,500 2007年5 214,500 自改革方案实施之日起 公司 月22日 ,在12个月内不上市交 易或转让。 8 上海贝泽贸易 164,450 2007年5 164,450 自改革方案实施之日起 有限公司 月22日 ,在12个月内不上市交 易或转让。 9 上海华申会计 154,669 2007年5 154,669 自改革方案实施之日起 师事务所有限 月22日 ,在12个月内不上市交 公司 易或转让。 10 上海百联集团 143,000 2007年5 143,000 自改革方案实施之日起 股份有限公司 月22日 ,在12个月内不上市交 易或转让。 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 2、控股股东及实际控制人变更情况本报告期内公司控股股东及实际控制人没有发生变更。 四、董事、监事和高级管理人员 (一)董事、监事和高级管理人员持股变动 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 姓名 职务 期初持股 期末持股 股份增减 变动原因 数 数 数 孙昌明 监事 429 729 300 股改时获得的对 价。 周立才 副总经理 429 729 300 股改时获得的对 价。 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (二)新聘或解聘公司董事、监事、高级管理人员的情况 报告期内,公司无新聘、解聘公司董事、监事、高级管理人员的情况。 五、管理层讨论与分析 (一)管理层讨论与分析 公司属化工行业,主营轮胎、制皂、电池、油墨等业务,其中全钢载重子午胎的销售收入和利润在公司收入和利润构成中占主导地位。报告期内,公司全面落实年初制定的“保名牌拓网络,建设双钱通路;聚资源扩销售,产销满意提高;上技改增毛利,适应竞争需要;精调度严质量,安全生产确保;勤预测抓机会,保证供配周到;细测算巧运作,预算执行牢靠;抓科研建基础,创新课题实效;严管理细考核,激励处罚明晰”经营方针目标,不断深化公司产业结构调整,努力推进公司“精细化”管理工作,在轮胎内、外销市场竞争日趋激烈,尤其是原材料价格快速持续上涨的严峻形势下,公司确保了上半年主要经济指标基本完成(部分指标接近完成)预算目标进度。2006年1至6月,公司共生产轮胎269.31万套,同比增长28.8%,其中:全钢胎产量157.64万套,同比增长35.1%;斜交胎产量111.67万套,同比增长20.9%。报告期内,公司主营业务稳定发展,2006年1至6月份公司共完成主营业务收入272,548.55万元,实现主营业务利润31,952.6万元。 在扩大生产和销售的同时,公司也面临着来自市场、生产经营方面的严峻挑战。一是市场供过于求的矛盾在报告期内进一步显现。主要表现为产能集中释放、供过于求的矛盾突现,导致行业库存增加,特别是全钢子午线轮胎领域的竞争更趋激烈,价格竞争白热化,导致利润下降。二是原材料价格持续上涨所带来的严峻挑战。随着轮胎工业的迅速发展,轮胎制造企业对相关资源的依赖与需求也越来越大,报告期内,天然橡胶资源紧张,价格持续上涨,受国际原油价格主导的合成橡胶、炭黑、助剂等原材料也在高位运行状态,对公司的主营业务盈利能力带来了很大的影响。 为此, 下半年,公司将进一步清晰企业的发展、改革之路,加快产品结构调整,提升科研开发水平,进一步拓展国内外市场,通过公司在管理、技术、规模和行业地位等方面的优势,不断规避和抵御各种市场风险。 (二)公司主营业务及其经营状况 1、主营业务分行业、产品情况表 单位:元 币种:人民币 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 分行业 主营业务收 主营业务成 主营 主营业 主营业 主营业 入 本 业务 务收入 务成本 务利润 利润 比上年 比上年 率比上 率(%) 同期增 同期增 年同期 减(% 减(%) 增减(% ) ) 工业 3,542,051, 3,259,226,2 7.98% -12.32 -10.35% -2.02% 185.90 50.85 % 商业 1,760,322, 1,706,614,9 3.05% 590.61 571.96% 2.69% 232.07 90.04 % 房地产 1,770,300. 887,480.39 49.87 -23.68 -47.61% 22.91% 00 % % 旅游饮食 1,734,337. 270,335.08 84.41 0.60% -15.28% 2.92% 服务业 50 % 其中:关 4,531,565, 4,445,704,8 1.89% 95.94% 95.05% 0.44% 联交易总 006.81 06.46 额 其中:应 2,580,392, 2,580,392,5 1.94% 1.94% 相互抵消 557.72 57.72 的关联交 易 分产品 主营业务收 主营业务成 主营 主营业 主营业 主营业 入 本 业务 务收入 务成本 务利润 利润 比上年 比上年 率比上 率(%) 同期增 同期增 年同期 减(% 减(%) 增减(% ) ) 轮胎 2,273,773, 2,001,212,1 11.99 19.80% 28.20% -5.76% 887.16 63.27 % 其中:关 1,951,172, 1,865,312,2 4.40% 673.20 748.34% -8.47% 联交易 449.09 48.74 % 关联交易的定价原则 关联方交易价格的确定依据为市场价。 其中:报告期内上市公司向控股股东及其子公司销售产品的关联交易总金额 为0元。 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 2、主营业务分地区情况 单位:元 币种:人民币 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 地区 主营业务收入 主营业务收入比上年同期增 减(%) 上海地区 2,725,485,497.75 18.09% 其他地区 -- -- 合计 2,725,485,497.75 18.09% ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 3、报告期内无对净利润产生重大影响的其他经营业务。 4、投资收益对公司净利润影响达到10%以上的参股公司的经营情况及业绩 (单位:万元) ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 公司名 业 注册资 资产 股权 主营业务 主营业 净利 投资收 称 务 本 规模 % 收入 务利润 润 益 性 质 上海新 房 2,800.0 40.0 待歇业、 见说明 轮联合 产 0万美元 0 解散 发展有 限公司 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 经公司五届八次董事会审议,通过了《关于上海新轮联合发展有限公司清算解散的议案》(上海新轮联合发展有限公司简称“新轮公司”)。新轮公司成立于1994年10月,注册资金2800万美元,由上海市外高桥保税区新发展有限公司(简称“新发展公司”)与上轮公司共同投资成立的公司,主要经营:自建房产业务、基础设施、物业管理和配套服务。其中:上轮公司持股份的40%;新发展公司持股份的60%。 鉴于新发展公司和上轮公司各自调整了对外投资的战略,现双方股东拟按《公司法》和新轮公司章程的规定执行清算程序、清理新轮公司财产,并办理相关工商注销手续。鉴于清算过程中可能会有一定的损失,公司从谨慎性原则出发,为此计提了2,400余万元的预计损失。 5、主营业务盈利能力(毛利率)与上年相比发生重大变化的原因说明 本报告期主营业务毛利为33,887.9万元与去年同期的40,701.85万元相比减少6,813.95万元,减少比例为16.74%,减少的主要原因为今年1-6月公司因材料价格上涨而增加成本21,800余万元,扩产和调价后新增的毛利还不足以抵消材料价格的上涨,与去年同期相比,尽管轮胎的主营业务收入增长了37,587.67万元,但成本却增加了44,017.86万元,所以轮胎的毛利额也由去年的33,686.36万元下降到27,256.17万元,从而导致主营业务盈利能力有较大幅度的下降,轮胎的毛利率也由去年同期的17.75%下降到11.99%。 6、利润构成与上年度相比发生重大变化的原因分析 (单位:人民币元) ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 项目 本报告期 上年同期 增减比例 金额 占利润总 金额 占利润总 (%) 额% 额% 主营业务 319,525,96 614.54% 369,043,183 871.91% -13.42% 利润 1.67 .25 其它业务 46,335,332 89.12% 39,091,519. 92.36% 18.53% 利润 .69 59 期间费用 347,411,18 668.17% 339,844,677 802.93% 2.23% 8.33 .76 投资收益 27,150,091 52.22% -23,508,679 -55.54% 215.49% .06 .39 补贴收入 995,000.00 1.91% 1,189,192.0 2.81% 16.33% 0 营业外收 5,399,197. 10.38% -3,644,760. -8.61% 248.14% 支净额 66 69 利润总额 51,994,397 100.00% 42,325,777. 100.00% 22.84% .75 00 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ⑴ 本报告期利润总额比去年同期增加966.86万元,增加比例为22.84 %。 ⑵ 利润构成与去年同期相比发生较大变化的原因主要为: a、主营业务利润较去年同期相比减少4,951.72万元,减少比例为13.42%,减少的主要原因为今年1-6月公司因材料价格上涨而增加成本21,800余万元,扩产后新增的毛利还不足以抵消材料价格的上涨,使主营业务利润较去年同期有较大幅度的下降。 b 、其他业务利润较去年同期相比增加724.38万元,增加的比例为18.53%,增加的主要原因为向米其林公司提供的服务收入较去年同期增加570万元。 c 、投资收益与去年同期相比增加5,065.88万元,增加的比例为215.49%,增加的主要原因为报告期内公司将持有浦发银行900万股法人股和持有上海轮胎橡胶(集团)如皋投资公司81.83%的股权予以转让,分别获得净收益4,073.44万元和995.39万元,加上报告期内米其林公司比去年同期有所减亏,因而使公司的投资收益较去年同期有较大的增幅。 d、 营业外收支净额与去年同期相比增加904.4万元,增加的比例为248.14%,增加的主要原因为去年同期承担为中国神马集团担保而引起的担保损失332.19万和本期母、子公司处置固定资产、无形资产获得净收益及其他大于去年同期所致。 (三)公司投资情况 1、募集资金使用情况 报告期内,公司无募集资金或前期募集资金使用到本期的情况。 2、非募集资金项目情况 ⑴上海轮胎橡胶(集团)如皋有限公司新增50万条全钢载重子午线轮胎项目(即30万套+20万套)投资预算总额29,972.88万元,截止2006年6月30日,累计投入资金约27,591万元,完成项目进度的92%。 ⑵上海轮胎橡胶(集团)如皋有限公司新增10万套全钢工程子午线轮胎和炼胶车间扩建技改项目总投资概算为55,282万元,截止2006年6月30日,累计投入资金约36,315万元,完成项目进度的65.7%。 ⑶填平补齐增产20万套子午胎项目投资总额为13,260万元,其中外汇259.2万元,截止2006年6月30日,累计投入资金7,473万元,完成项目进度的73%。 ⑷双钱载重轮胎公司增加25万条全钢子午胎项目总投资概算为8,985.44万元,截止2006年6月30日,累计投入资金6,173万元,完成项目进度的68.7%。 (四)公司财务状况、经营成果分析 完成经营计划情况 公司计划2006年销售收入比2005年增加10%以上,实现55.85亿元。报告期实际完成销售收入272,548.55万元,同比增长18.09%,完成计划目标。 六、重要事项 (一)公司治理情况 报告期内,公司实施了股权分置改革,全体A股股东以99.97%的赞成比例,其中流通A股股东以94.81%的赞成比例通过了股改。报告期内,公司根据最新修订的《公司法》、《证券法》、《上市公司章程指引》、《上市公司股东大会指引》等法律法规的规定和结合公司治理实践,全面修订了公司《章程》、《股东大会议事规则》、《董事会议事规则》、《监事会议事规则》,并严格按照上述法律法规和规章的规定依法规范运作,目前,公司的治理情况符合中国证监会的有关要求。 (二)报告期实施的利润分配方案执行情况 公司2005年度的利润分配方案为:按2005年末的总股本889467722股为基数,向全体股东每10股派0.5元现金红利(含税)。 此方案经2006年4月28日召开的公司2005年度股东大会审议通过,分红派息实施公告刊登在2006年5月30日的《上海证券报》、《南华早报》和上海证券交易所网站(www.sse.com.cn)。股权登记日:A股为2006年6月2日;B股为2006年6月7日(最后交易日为2006年6月2日)。除息日为2006年6月5日。红利发放日为2006年6月16日。 公司2006年中期不进行利润分配,也不进行公积金转增股本。 (三)重大诉讼仲裁事项 截止2006年06月30日前已决诉讼情况说明 1、上海轮胎橡胶(集团)供销有限公司诉新疆维吾尔族自治区第九运输公司一案,已于2006年4月11日判决,判决被告给付原告656.28万元,目前该案尚在执行中。 2、上海轮胎橡胶(集团)供销有限公司诉广东电白县沪贸轮胎有限公司一案,已于2006年5月20日判决,判决被告给付原告109.51万元,目前该案尚在执行中。 3、上海轮胎橡胶(集团)供销有限公司诉南宁地区双钱轮胎有限责任公司一案,已于2006年3月1日判决,判决被告给付原告245.67万元,目前该案尚在执行中。 4、上海轮胎橡胶(集团)供销有限公司诉青岛上青橡胶轮胎经营有限公司一案,已于2006年2月21日判决,判决被告给付原告492.96万元,目前该案尚在执行中。 5、上海轮胎橡胶(集团)供销有限公司诉商丘市回力双钱轮胎销售有限公司一案,已于2005年1月11日异地起诉,诉讼标的242.88万元。由于起诉阶段该被告已吊销,经考虑暂予以撤诉,待核实其财产证据后,另行起诉。 6、上海轮胎橡胶(集团)供销有限公司诉余姚市东江工贸有限公司一案,已于2005年1月26日异地起诉,诉讼标的440.41万元。由于起诉阶段该被告已吊销,经考虑暂予以撤诉,待核实其财产证据后,另行起诉。 (四)资产交易事项 1、报告期内,公司将持有的下属子公司上海轮胎橡胶(集团)如皋投资有限公司81.83%的股权,以评估值7729.88万元为基准,以8100万元转让给自然人曹波,产权已全部过户、所涉及的债权债务已全部转移,股权转让收益995.39万元。对公司业务连续性和管理层的稳定性没有影响,有利于公司集中优势力量做好主营业务项目。临时公告披露于2006年6月8日的《上海证券报》、《南华早报》和上海证券交易所网站。 2、报告期内,公司根据上海国际集团有限公司收购本公司持有的上海浦东银行社会法人股拟定的意向书,公司将持有的上海浦东发展银行股份有限公司社会法人股900万股,以每股5.20元的价格转让给上海国际集团有限公司,公司获得转让收入4680万元,扣除账面成本和相关税费,净收益为4,073.44万元。临时公告披露于2006年1月21日的《上海证券报》、《南华早报》和上海证券交易所网站。 (五)报告期内公司重大关联交易事项 1、与日常经营相关的关联交易 ⑴存在控制关系且已纳入本公司合并会计报表范围的子公司,其相互间交易及母子公司交易已作抵销。 ⑵关联交易货物金额: 交易规模: 单位:万元 币种:人民币 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 关联方 向关联方采购货物 关联方向上市公司 采购货物 上海米其林回力轮胎股份有限 3,060.00 公司 上海焦化有限公司 2,958.93 上海制皂(集团)如皋有限公 6,384.64 1,295.75 司 中国北美轮泰销售公司 USD5,609.32 上海双钱轮胎销售有限公司 154,656.27 美元小计 USD5,609.32 人民币小计 9,343.57 159,012.02 合计 9,343.57 193,997.26 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 关联交易价格的确定依据为市场价。 ⑶其他关联方交易事项: 根据与上海米其林回力轮胎股份有限公司的协议向其提供、收取商标使用费5,000,000.00元、服务收入24,700,000.00元、租赁费900,000.00元。 2、关联债权债务往来 关联方往来款项余额: 单位:万元 币种:人民币 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 关联方 向关联方提供资金 关联方向上市公司提供 资金 发生额 余额 发生额 余额 中国北美轮胎销售公司 6,602.91 34,885.3 5 上海制皂(集团)如皋有 -3,710.73 1,571.83 2,684.73 2,742.98 限公司 上海龙泰精细橡胶公司 -69.51 4,900.47 上海轮胎橡胶机械模具有 237.18 1,989.17 限公司 上海正兴房产有限公司 -11.28 6,276.73 上海总联橡胶实业公司 1,432.56 上海焦化有限公司 2,789.12 3,461.95 海口孚华轮胎销售有限公 324.14 司 上海沪轮轮胎橡胶有限公 -316.07 697.28 司 上海华谊(集团)公司 9,386.35 合计 3,048.57 51,056.1 5,157.78 16,612.7 1 0 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (六)托管情况 本报告期公司无托管事项。 (七)承包情况 本报告期公司无承包事项。 (八)租赁情况 本报告期公司无重大租赁事项。 (九)担保情况 单位:元币种:人民币 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 公司对外担保情况(不包括对控股子公司的担保) 被担保对 发生日 担保金额 担保类 担保期 是否 是否为 象名称 期(协 (折算后) 型 履行 关联方 议签署 完毕 担保( 日) 是或否 ) 上海远银 2005.9. 2,700,00 承担连 2005.9.24-2006 否 否 进出口有 24 0.00 带责任 .3.24 限公司 的担保 报告期内担保发生额合计 报告期末担保余额合计 2,700,000.00 公司对控股子公司的担保情况 报告期内对控股子公司担保发生额合计 17,189,200.00 报告期末对控股子公司担保余额合计 627,581,000.00 公司担保总额情况(包括对控股子公司的担保) 担保总额 630,281,000.00 担保总额占公司净资产的比例 42.58% 公司特殊担保情况 为控股股东及公司持股50%以下的其他关 联方提供担保的金额 直接或间接为资产负债率超过70%的被担 24,201,000.00 保对象提供的债务担保金额 担保总额是否超过净资产的50%(是或否 否 ) 特殊担保金额 24,201,000.00 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 根据上海证券交易所上市部对上市公司对外担保的统计口径,截至2006年6月30日,公司对外担保余额为2,700,000.00元(不包括对控股子公司的担保);公司对控股子公司的担保余额为627,581,000.00元,担保总额630,281,000.00元,占公司净资产比例为42.58%。 (十)委托理财情况 本报告期公司无委托理财事项。 (十一)承诺事项履行情况 报告期内或持续到报告期内,公司或持股5%以上股东没有承诺事项。 原非流通股东在股权分置改革过程中做出的特殊承诺及其履行情况 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 股东名 特殊承诺 承诺履行情况 称 上海华 上海华谊(集团)公司承诺:1、持有 根据特别承诺的相关内容 谊(集 的本公司股份自获得上市流通权之日起 ,自股权分置改革方案实 团)公 ,在24个月内不通过上海证券交易所挂 施之日起至本报告披露日 司 牌交易出售股份;2、在上述承诺期满 ,上海华谊(集团)公司 后的12个月内,上海华谊(集团)公司 未出售或转让其所持有的 通过上海证券交易所挂牌交易出售本公 公司股份。 司的股份数不得超过本公司总股本的10 %,出售价格不低于5.0元/股(若股权 分置改革方案实施后本公司有派息、送 股、资本公积金转增股份等除权事项, 则需对该价格进行除权除息处理);3 、在36个月后上海华谊(集团)公司所 持有的本公司股份可全部流通。 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (十二)公司、董事会、董事受处罚及整改情况 报告期内公司、公司董事会及董事均未受中国证监会的稽查、行政处罚、通报批评及证券交易所的公开遣责。 (十三)其它重大事项 1、报告期,公司根据国家有关股权分置改革的相关政策,实施了股权分置改革,即A股流通股股东每持有10股流通A股获得上海华谊(集团)公司支付的7股股票的对价。股权分置改革完成后,国家股比例降低,社会公众股股东持股比例上升,但公司总股本未发生变化。 2、2006年3月21日,财政部、国家税务总局联合发出通知,对我国现行消费税的税目、税率进行调整。其中斜交轮胎的税率从原来的10%降到了3%,子午线轮胎继续实行免税政策,本次调整从4月1日起开始执行。税率调整后,报告期内影响消费税额1,484.38万元,预计全年影响消费税额约4,935万元。 3、报告期内,根据《中华人民共和国城市房地产管理法》等法律、法规、规章的规定,经上海市土地使用权出让招标拍卖办公室批准,上海市杨浦区房屋土地管理局于2005年通过公开挂牌方式,出让江浦街道26街坊3/2丘地块的国有土地使用权。经公司董事会授权,公司所属子公司上海双钱碧源置业有限公司竞买上述地块。上海双钱碧源置业有限公司以成交价21490万元人民币竞得上述地块,并与上海市杨浦区房屋土地管理局签署《国有土地使用权出让合同》并按合同规定于2006年7月14日向上海市房屋土地资源管理局付清上述土地出让金,现正在办理土地使用权登记及领取房地产权证。 (十四)信息披露索引 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 事项 刊载的报刊名 刊载日期 刊载的互联 称及版面 网网站及检 索路径 公司第五届董事会第五次会议决 《上海证券报 2006年1月 www.sse.co 议公告 》C7版《南华 21日 m.cn 早报》B4版 公司股权分置改革说明书(摘要 《上海证券报 2006年3月 www.sse.co ) 》C20版 6日 m.cn 公司第五届董事会第七次会议决 《上海证券报 2006年3月 www.sse.co 议公告 》C20版 6日 m.cn 公司关于召开2006年股权分置改 《上海证券报 2006年3月 www.sse.co 革A股相关股东会议的通知 》C20版 6日 m.cn 公司关于股权分置改革方案沟通 《上海证券报 2006年3月 www.sse.co 协商情况暨调整股权分置改革方 》A15版 15日 m.cn 案的公告 公司2005年度报告(摘要) 《上海证券报 2006年3月 www.sse.co 》C11版《南华 21日 m.cn 早报》B4版 公司第五届董事会第八次会议决 《上海证券报 2006年3月 www.sse.co 议公告 》C11版《南华 21日 m.cn 早报》B4版 公司第五届监事会第四次会议决 《上海证券报 2006年3月 www.sse.co 议公告 》C11版《南华 21日 m.cn 早报》B4 公司关于召开2005年度股东大会 《上海证券报 2006年3月 www.sse.co 的通知 》C11版《南华 21日 m.cn 早报》B4版 公司关于召开2006年股权分置改 《上海证券报 2006年3月 www.sse.co 革A股相关股东会议的第一次提 》C23版 22日 m.cn 示公告 公司关于股权分置改革方案获得 《上海证券报 2006年3月 www.sse.co 上海市国资委批复的公告 》C74版 29日 m.cn 公司关于召开2006年股权分置改 《上海证券报 2006年4月 www.sse.co 革A股相关股东会议的第二次提 》C17版 3日 m.cn 示公告 公司关于取消2005年度股东大会 《上海证券报 2006年4月 www.sse.co 部分议案暨增加2005年度股东大 》C37版《南华 7日 m.cn 会临时提案的通知 早报》B17版 公司2006年股权分置改革A股相 《上海证券报 2006年4月 www.sse.co 关股东会议表决结果公告 》C31版 11日 m.cn 公司关于增加2005年度股东大会 《上海证券报 2006年4月 www.sse.co 临时提案的通知 》C5版《香港 15日 m.cn 商报》A5版 公司2006年日常关联交易公告 《上海证券报 2006年4月 www.sse.co 》C5版《香港 15日 m.cn 商报》A5版 公司2006年第一季度报告 《上海证券报 2006年4月 www.sse.co 》C71版《南华 20日 m.cn 早报》B13版 公司2005年度股东大会决议公告 《上海证券报 2006年5月 www.sse.co 》B19版《南华 9日 m.cn 早报》B6版 公司关于股权分置改革方案获商 《上海证券报 2006年5月 www.sse.co 务部批复的公告 》B27版 15日 m.cn 公司股权分置改革方案实施公告 《上海证券报 2006年5月 www.sse.co 》B20版 17日 m.cn 公司2005年度分红派息实施公告 《上海证券报 2006年5月 www.sse.co 》B43版《南华 30日 m.cn 早报》B6版 公司第五届董事会第十一次会议 《上海证券报 2006年6月 www.sse.co 决议公告 》B14版《南华 8日 m.cn 早报》B3版 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 七、财务会计报告 (一)、审计报告 本报告期的财务报表及附注未经审计。 (二)财务报表 2006年6月30日资产负债表(未经审计) 编制单位:上海轮胎橡胶(集团)股份有限公司 单位:人民币元 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 项目 合并 母公司 期未数 期初数 期未数 期初数 流动资产: 货币资金 704,231,348 522,607,486 470,768,238 218,042,66 .00 .33 .55 2.26 短期投资 0.00 --- --- --- 应收票据 104,156,965 170,106,368 165,619,130 275,707,88 .16 .34 .47 5.56 应收股利 0.00 11,148,464. --- 11,138,023 92 .57 应收利息 0.00 --- --- --- 应收账款 637,221,402 633,870,488 547,377,041 439,892,40 .05 .14 .27 2.29 其他应收款 425,198,839 482,153,738 720,019,823 612,732,46 .15 .31 .23 6.02 预付账款 268,041,547 102,719,393 82,453,489. 65,250,892 .37 .27 97 .10 应收补贴款 508,090.19 508,090.19 --- --- 存货 1,232,318,0 967,214,894 830,447,440 628,324,96 47.86 .61 .54 3.44 待摊费用 4,561,816.4 37,151.00 262,321.60 4 一年内到期的长 期债权投资 其他流动资产 流动资产合计 3,376,238,0 2,890,366,0 2,816,947,4 2,251,089, 56.22 75.11 85.63 295.24 长期投资: 长期股权投资 472,827,419 483,200,328 746,889,896 849,216,20 .33 .36 .39 9.09 长期债权投资 0.00 长期投资合计 472,827,419 483,200,328 746,889,896 849,216,20 .33 .36 .39 9.09 其中:合并价差 26,669,106. 28,931,151. 99 61 其中:股权投资 差额 固定资产: 固定资产原价 4,094,180,9 4,103,246,8 2,718,097,8 2,717,297, 61.01 46.31 37.54 046.96 减:累计折旧 1,819,476,8 1,743,423,1 1,348,760,4 1,292,144, 22.29 58.66 88.31 720.88 固定资产净值 2,274,704,1 2,359,823,6 1,369,337,3 1,425,152, 38.72 87.65 49.23 326.08 减:固定资产减 186,915,046 187,137,134 108,201,696 108,201,69 值准备 .03 .87 .29 6.29 固定资产净额 2,087,789,0 2,172,686,5 1,261,135,6 1,316,950, 92.69 52.78 52.94 629.79 工程物资 798,319.52 519,984.52 482,014.57 192,699.57 在建工程 574,817,013 356,921,109 83,851,972. 35,453,102 .32 .21 21 .14 固定资产清理 -164,425.98 --- --- --- 固定资产合计 2,663,239,9 2,530,127,6 1,345,469,6 1,352,596, 99.55 46.51 39.72 431.50 无形资产及其他 资产: 无形资产 274,983,399 114,520,877 42,472,646. 42,772,888 .84 .87 33 .61 长期待摊费用 5,758,278.6 5,021,251.1 --- --- 3 8 其他长期资产 15,518,388. 14,758,369. 786,585.58 --- 88 04 无形资产及其他 296,260,067 134,300,498 43,259,231. 42,772,888 资产合计 .35 .09 91 .61 递延税项: 递延税款借项 资产总计 6,808,565,5 6,037,994,5 4,952,566,2 4,495,674, 42.45 48.07 53.65 824.44 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 企业负责人:范宪 主管会计工作负责人:薛建民 会计机构负责人:薛建民 2006年6月30日资产负债表(续) 编制单位:上海轮胎橡胶(集团)股份有限公司 单位:人民币元 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 项目 合并 母公司 期未数 期初数 期未数 期初数 流动负债: 短期借款 1,812,652,9 1,578,179,7 1,451,399, 1,145,474,5 04.96 01.14 104.96 60.82 应付票据 215,222,859 109,834,360 269,677,60 124,648,466 .08 .04 3.97 .19 应付账款 625,135,437 633,077,304 268,544,33 277,703,659 .62 .38 6.85 .90 预收账款 287,248,797 103,280,040 7,379,957. 3,227,065.9 .65 .82 12 7 应付工资 2,759,803.2 699,128.49 --- --- 3 应付福利费 7,882,723.0 6,271,644.2 --- --- 9 2 应付股利 849,817.74 219,375.00 849,817.74 219,375.00 应交税金 127,802,368 165,495,423 40,125,344 72,231,423. .91 .82 .93 62 其他应交款 2,810,418.8 3,152,107.7 8,667.77 54,470.01 5 2 其他应付款 404,299,500 361,232,145 236,912,97 218,583,475 .47 .03 7.47 .45 预提费用 31,317,767. 3,852,025.5 4,819,760. 3,730,505.5 78 6 27 6 预计负债 一年内到期的长 751,711,045 771,091,729 693,338,83 694,589,300 期负债 .54 .10 0.71 .52 其他流动负债 0.00 --- --- --- 流动负债合计 4,269,693,4 3,736,384,9 2,973,056, 2,540,462,3 44.92 85.32 401.79 03.04 长期负债: 长期借款 725,604,367 561,583,915 252,491,35 252,491,355 .74 .09 5.09 .09 应付债券 0.00 --- --- --- 长期应付款 93,863,544. 93,863,544. 6,079,172. 6,079,172.6 23 23 60 0 专项应付款 1,470,000.0 1,470,000.0 --- --- 0 0 其他长期负债 0.00 --- --- --- 长期负债合计 820,937,911 656,917,459 258,570,52 258,570,527 .97 .32 7.69 .69 递延税项: 递延税款贷项 负债合计 5,090,631,3 4,393,302,4 3,231,626, 2,799,032,8 56.89 44.64 929.48 30.73 少数股东权益 222,957,437 164,378,865 .10 .51 所有者权益(或 股东权益): 实收资本(或股 889,467,722 889,467,722 889,467,72 889,467,722 本) .00 .00 2.00 .00 减:已归还投资 实收资本(或股 889,467,722 889,467,722 889,467,72 889,467,722 本)净额 .00 .00 2.00 .00 资本公积 584,257,066 584,257,066 685,371,48 675,464,094 .75 .75 9.00 .86 盈余公积 40,787,870. 40,787,870. 16,285,585 16,285,585. 44 44 .47 47 其中:法定公益 13,026,472. 13,026,472. 3,460,630. 3,460,630.8 金 99 99 87 7 未分配利润 101,802,645 87,412,709. 129,814,52 115,424,591 .35 03 7.70 .38 拟分配现金股利 外币报表折算差 额 减:未确认投资 121,338,556 121,612,130 损失 .08 .30 所有者权益(或 1,494,976,7 1,480,313,2 1,720,939, 1,696,641,9 股东权益)合计 48.46 37.92 324.17 93.71 负债和所有者权 6,808,565,5 6,037,994,5 4,952,566, 4,495,674,8 益(或股东权益 42.45 48.07 253.65 24.44 )总计 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 企业负责人:范宪 主管会计工作负责人:薛建民 会计机构负责人:薛建民 2006年1~6月利润及利润分配表 编制单位:上海轮胎橡胶(集团)股份有限公司 单位:人民币元 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 项目 合并 母公司 本期数 上年同期数 本期数 上年同期数 一、主营业务收入 2,725,485, 2,308,031, 2,236,278,7 1,667,310, 497.75 348.13 33.86 082.80 减:主营业务成本 2,386,606, 1,901,012, 2,077,420,1 1,443,121, 498.64 876.74 93.75 165.49 主营业务税金及附 19,353,037 37,975,288 13,705,525. 28,229,074 加 .44 .14 76 .10 二、主营业务利润 319,525,96 369,043,18 145,153,014 195,959,84 (亏损以“-”号填 1.67 3.25 .35 3.21 列) 加:其他业务利润 46,335,332 39,091,519 37,881,478. 29,364,312 (亏损以“-”号填 .69 .59 04 .32 列) 减:营业费用 130,455,63 122,479,28 33,825,982. 36,758,592 3.02 5.32 39 .61 管理费用 152,302,60 157,911,00 63,351,388. 38,457,158 7.68 6.04 41 .53 财务费用 64,652,947 59,454,386 48,012,994. 48,661,016 .63 .40 88 .06 三、营业利润(亏 18,450,106 68,290,025 37,844,126. 101,447,38 损以“-”号填列) .03 .08 71 8.33 加:投资收益(损 27,150,091 -23,508,67 19,073,563. -41,529,91 失以“-”号填列) .06 9.39 77 3.96 补贴收入 995,000.00 1,189,192. --- --- 00 营业外收入 7,365,796. 155,980.86 1,959,747.8 4,358.48 69 2 减:营业外支出 1,966,599. 3,800,741. 14,115.88 3,341,911. 03 55 65 四、利润总额(亏 51,994,394 42,325,777 58,863,322. 56,579,921 损总额以“-”号填 .75 .00 42 .20 列) 减:所得税 2,445,762. 2,481,504. 90 70 减:少数股东损益 -9,588,264 -17,006,38 .79 8.08 加:未确认投资损 -273,574.2 -270,739.1 失(合并报表填列) 2 8 五、净利润(亏损 58,863,322 56,579,921 58,863,322. 56,579,921 以“-”号填列) .42 .20 42 .20 加:年初未分配利 87,412,709 -823,747,2 115,424,591 -796,719,0 润 .03 52.90 .38 24.13 其他转入 796,719,02 796,719,02 4.13 4.13 六、可供分配的利 146,276,03 29,551,692 174,287,913 56,579,921 润 1.45 .43 .80 .20 减:提取法定盈余 公积 提取法定公益金 提取职工奖励及福 利基金(合并报表填 列) 提取储备基金 提取企业发展基金 利润归还投资 七、可供股东分配 146,276,03 29,551,692 174,287,913 56,579,921 的利润 1.45 .43 .80 .20 减:应付优先股股 利 提取任意盈余公积 应付普通股股利 44,473,386 44,473,386. .10 10 转作股本的普通股 股利 八、未分配利润(未 101,802,64 29,551,692 129,814,527 56,579,921 弥补亏损以“-”号 5.35 .43 .70 .20 填列) 补充资料: 1.出售、处置部门 9,953,882. -1,251,710 9,953,882.9 -4,357,586 或被投资单位所得 97 .43 7 .80 收益 2.自然灾害发生的 损失 3.会计政策变更增 加(或减少)利润总 额 4.会计估计变更增 加(或减少)利润总 额 5.债务重组损失 6.其他 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 企业负责人:范宪 主管会计工作负责人:薛建民 会计机构负责人:薛建民 2006年1~6月现金流量表 编制单位:上海轮胎橡胶(集团)股份有限公司 单位:人民币元 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 项目 合并 母公司 一、经营活动产生的现金流量: 销售商品、提供劳务收到的现金 3,410,189,648. 2,790,305,484.1 43 2 收到的税费返还 9,485,937.83 2,481,028.28 收到的其他与经营活动有关的现金 436,982,187.55 353,750,210.73 现金流入小计 3,856,657,773. 3,146,536,723.1 81 3 购买商品、接受劳务支付的现金 2,899,699,728. 2,445,055,153.3 04 4 支付给职工以及为职工支付的现金 200,729,099.02 128,525,978.27 支付的各项税费 115,166,222.59 75,325,499.10 支付的其他与经营活动有关的现金 399,073,462.59 481,463,409.35 现金流出小计 3,614,668,512. 3,130,370,040.0 24 6 经营活动产生的现金流量净额 241,989,261.57 16,166,683.07 二、投资活动产生的现金流量: 收回投资所收到的现金 47,186,650.16 46,885,601.38 其中:出售子公司收到的现金 取得投资收益所收到的现金 14,862,181.95 14,338,735.22 处置固定资产、无形资产和其他长期 1,973,213.20 --- 资产而收回的现金 收到的其他与投资活动有关的现金 --- --- 现金流入小计 64,022,045.31 61,224,336.60 购建固定资产、无形资产和其他长期 405,023,372.01 39,665,914.26 资产所支付的现金 投资所支付的现金 500,000.00 500,000.00 支付的其他与投资活动有关的现金 27,861,127.44 --- 现金流出小计 433,384,499.45 40,165,914.26 投资活动产生的现金流量净额 -369,362,454.1 21,058,422.34 4 三、筹资活动产生的现金流量: 吸收投资所收到的现金 12,614,927.90 --- 其中:子公司吸收少数股东权益性投 12,614,927.90 资收到的现金 借款所收到的现金 1,890,919,446. 1,438,919,446.1 19 9 收到的其他与筹资活动有关的现金 --- --- 现金流入小计 1,903,534,374. 1,438,919,446.1 09 9 偿还债务所支付的现金 1,492,044,661. 1,132,772,661.3 30 0 分配股利、利润或偿付利息所支付的 101,465,772.36 90,000,897.69 现金 其中:支付少数股东的股利 支付的其他与筹资活动有关的现金 --- --- 其中:子公司依法减资支付给少数股 东的现金 现金流出小计 1,593,510,433. 1,222,773,558.9 66 9 筹资活动产生的现金流量净额 310,023,940.43 216,145,887.20 四、汇率变动对现金的影响 -1,026,886.19 -645,416.32 五、现金及现金等价物净增加额 181,623,861.67 252,725,576.29 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 企业负责人:范宪 主管会计工作负责人:薛建民 会计机构负责人:薛建民 2005年1~6月现金流量表(续) 编制单位:上海轮胎橡胶(集团)股份有限公司 单位:人民币元 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 补充资料 合并 母公司 1、将净利润调节为经营活动的现金流 量: 净利润 58,863,322.42 58,863,322.42 加:少数股东损益(亏损以“-”号填 -9,588,264.79 --- 列) 减:未确认的投资损失 273,574.22 --- 加:计提的资产减值准备 807,890.63 -4,265,753.11 固定资产折旧 87,454,127.62 57,279,955.41 无形资产摊销 2,688,978.03 300,242.28 长期待摊费用摊销 737,027.45 --- 待摊费用减少(减:增加) -4,524,665.44 -262,321.60 预提费用增加(减:减少) 27,465,742.22 1,089,254.71 处理固定资产、无形资产和其他长期 1,548,246.56 -45,884.12 资产的损失(减:收益) 固定资产报废损失 3,257.13 --- 财务费用 62,472,115.72 47,674,133.31 投资损失(减:收益) -27,150,091.06 -19,073,563.77 递延税款贷项(减:借项) --- --- 存货的减少(减:增加) -264,611,639.6 -202,122,477.10 9 经营性应收项目的减少(减:增加) -26,113,493.29 -69,289,921.83 经营性应付项目的增加(减:减少) 332,210,282.28 146,019,696.47 其他 --- --- 经营活动产生的现金流量净额 241,989,261.57 16,166,683.07 2.不涉及现金收支的投资和筹资活动 : 债务转为资本 一年内到期的可转换公司债券 融资租入固定资产 3、现金及现金等价物净增加情况: 现金的期末余额 704,231,348.00 470,768,238.55 减:现金的期初余额 522,607,486.33 218,042,662.26 加:现金等价物的期末余额 --- --- 减:现金等价物的期初余额 --- --- 现金及现金等价物净增加额 181,623,861.67 252,725,576.29 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 企业负责人:范宪 主管会计工作负责人:薛建民 会计机构负责人:薛建民 资产减值表(合并) 2006年6月30日 编制单位:上海轮胎橡胶(集团)股份有限公司 单位:人民币元 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 项目 期初余额 本期增加数 本期减少 期末余额 数 坏账准备合计 428,716,458.9 8,958,159.0 7,760,476 429,914,141. 3 9 .22 80 其中:应收账 302,259,707.7 8,958,159.0 7,334,826 303,883,040. 款 4 9 .08 75 其他应收款 126,456,751.1 425,650.1 126,031,101. 9 4 05 短期投资跌价 --- --- --- --- 准备合计 其中:股票投 资 债券投资 存货跌价准备 15,950,292.26 --- 491,513.5 15,458,778.7 合计 6 0 其中:库存商 3,566,688.25 491,513.5 3,075,174.69 品 6 原材料 2,264,080.93 2,264,080.93 长期投资减值 28,760,891.52 --- 389,792.2 28,371,099.2 准备合计 4 8 其中:长期股 28,760,891.52 389,792.2 28,371,099.2 权投资 4 8 长期债权投资 固定资产减值 187,137,134.8 --- 222,088.8 186,915,046. 准备合计 7 4 03 其中:房屋、 53,614,789.78 - - 53,614,789.7 建筑物 8 机器设备 119,048,784.5 0.00 222,088.8 118,826,695. 0 4 66 无形资产减值 --- --- --- --- 准备 其中:专利权 商标权 在建工程减值 873,470.99 --- --- 873,470.99 准备 委托贷款减值 --- --- --- --- 准备 资产减值合计 661,438,248.5 8,958,159.0 8,863,870 661,532,536. 7 9 .86 80 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 企业负责人:范宪 主管会计工作负责人:薛建民 会计机构负责人:薛建民 资产减值表(母公司) 2006年6月30日 编制单位:上海轮胎橡胶(集团)股份有限公司 单位:人民币元 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 项目 期初余额 本期增加 本期减少数 期末余额 数 坏账准备合计 314,053,038.71 --- 4,248,791. 309,804,246 73 .98 其中:应收账 294,591,364.98 4,248,791. 290,342,573 款 73 .25 其他应收款 19,461,673.73 19,461,673. 73 短期投资跌价 --- --- --- --- 准备合计 其中:股票投 资 债券投资 存货跌价准备 1,877,588.83 --- --- 1,877,588.8 合计 3 其中:库存商 品 原材料 1,877,588.83 1,877,588.8 3 长期投资减值 12,483,305.46 --- 16,961.38 12,466,344. 准备合计 08 其中:长期股 12,483,305.46 16,961.38 12,466,344. 权投资 08 长期债权投资 固定资产减值 108,201,696.29 --- --- 108,201,696 准备合计 .29 其中:房屋、 1,093,114.64 1,093,114.6 建筑物 4 机器设备 93,657,625.25 93,657,625. 25 无形资产减值 --- --- --- --- 准备 其中:专利权 商标权 在建工程减值 --- --- --- --- 准备 委托贷款减值 --- --- --- --- 准备 资产减值合计 436,615,629.29 --- 4,265,753. 432,349,876 11 .18 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 企业负责人:范宪 主管会计工作负责人:薛建民 会计机构负责人:薛建民 上海轮胎橡胶(集团)股份有限公司 2006年半年度会计报表附注 公司简介: 上海轮胎橡胶(集团)股份有限公司前身系上海轮胎橡胶(集团)公司。一九九二年五月经批准改制为中外合资股份有限公司,一九九二年十二月在上海证券交易所上市。二OOO年十月十七日变更后的《企业法人营业执照》注册号为企股沪总字第019010号,二OO三年注册地址变更为:上海市闵行区江川路1251号605室;税务登记号码:310112607218997,法定代表人:范宪;截止二OO六年六月三十日,股本总额889,467,722.00元,其中:国有股589,841,461.00元、国有法人股11,910,261.00元、法人股5,720,000.00元、人民币普通股38,896,000.00元、外资股243,100,000.00元。所属行业为工业类。公司经营范围为轮胎、力车胎、胶鞋及其他橡胶制品和前述产品的配件、橡胶原辅材料、橡胶机械、模具、轮胎橡胶制品钢丝(涉及许可经营的凭许可证经营)。主要产品为轮胎。 二、公司采用的主要会计政策、会计估计和合并会计报表的编制方法: (一)会计制度 执行企业会计准则、《企业会计制度》及其有关的补充规定。 (二)会计年度 公历1月1日至12月31日止。 (三)记帐本位币 采用人民币为记帐本位币。 (四)记帐基础和计价原则 以权责发生制为记帐基础,以历史成本为计价原则。 (五)外币业务核算方法 外币业务按发生当期期初的市场汇价作为折算汇率,折合成人民币记账,期末外币账户余额按期末市场汇价折合成人民币金额进行调整。外币专门借款账户期末折算差额,在所购建固定资产达到预定可使用状态前的特定时间段内,按规定予以资本化,计入在建工程成本,其余的外币账户折算差额均计入财务费用。不同货币兑换形成的折算差额,均计入财务费用。 (六)外币会计报表的折算方法 按照财政部财会字(1995)11号《关于印发<合并会计报表暂行规定>的通知》,除所有者权益类项目(不含未分配利润项目)以发生时的市场汇价(中间价)折算为人民币外,资产、负债、损益类项目均以合并会计报表决算日的市场汇价(中间价)折算为人民币。外币报表折算差额在合并资产负债表中单独列示。 (七)现金等价物的确定标准 在编制现金流量表时,将同时具备期限短(从购买日起,三个月到期)、流动性强、易于转换为已知现金、价值变动风险很小四个条件的投资,确定为现金等价物。 (八)短期投资核算方法 1、取得的计价方法 取得投资时按实际支付的价款(扣除已宣告未领取的现金股利或已到期未领取的债券利息)、相关税费计价。债务重组取得债务人用以抵债的短期投资,以应收债权的账面价值为基础确定其入账价值;以非货币性交易换入的短期投资,以换出资产的账面价值为基础确定其入账价值。 2、短期投资跌价准备的计提 中期末及年末,按成本与收盘价孰低提取或调整短期投资跌价准备。 按投资单项投资计算并确定计提的跌价损失准备。 3、短期投资收益的确认 短期投资待处置时确认投资收益。在持有期间分得的现金股利和利息,冲减投资成本或相关应收项目。 (九)坏帐核算方法 1、坏帐的确认标准 对因债务人撤销、破产,依照法律清偿程序后确实无法收回的应收款项;因债务人死亡,既无遗产可清偿,又无义务承担人,确实无法收回的应收款项;因债务人逾期未履行偿债义务并有确凿证据表明,确实无法收回的应收款项,按照公司管理权限批准核销。 2、坏帐损失的核算方法 采用备抵法核算,应收账款按账龄分析法并结合个别认定法估算坏账损失,其他应收款按个别认定法估算坏账损失。 3、应收账款坏帐准备计提比例 账龄 计提比例 1年以内 5% 1至2年 30% 2至3年 50% 3年以上 100% (十)存货核算方法 1、存货分类为 存货分类为:在途物资、原材料、包装物、低值易耗品、库存商品(包括库存的外购商品、自制商品产品、自制半成品等)、委托加工物资、开发产品、开发成本。 2、取得和发出的计价方法 (1)原材料采用计划成本核算,月末按发出原材料的计划成本计算应摊销的材料成本差异; (2)其他存货按取得时的实际成本计价,发出时按加权平均法计价。 债务重组取得债务人用以抵债的存货,以应收债权的账面价值为基础确定其入账价值;非货币性交易换入的存货以换出资产的账面价值为基础确定其入账价值。 3、低值易耗品的摊销方法 (1)轮胎模具采用分期摊销法; (2)其他采用一次摊销法。 4、开发用土地的核算方法 (1)纯土地开发项目:其费用支出单独构成土地开发成本; (2)连同房产整体开发的项目:其费用可分清负担对象,一般按实际占用面积分摊计入商品房成本。 5、公共配套设施费用的核算方法 (1)不能有偿转让的公共配套设施:按收益比例定标准分配计入商品房成本; (2)能有偿转让的公共配套设施:以各配套设施项目独立作为成本核算对象,归集所发生的成本。 6、出租开发产品的摊销方法 按房屋建筑物的房地产所有权证年限,最长不超过50年,采用直线法计算出月摊销额,计入出租开发产品的经营成本费用。 7、出租开发产品的期末列示 以出租为目的的出租开发产品的账面价值,在资产负债表的“其他长期资产”项目中列示。 8、存货的盘存制度 采用永续盘存制。 9、存货跌价准备的计提方法 中期末及年末,对存货进行全面清查后,按存货的成本与可变现净值孰低提取或调整存货跌价准备。 存货跌价准备按单个存货项目计提。 (十一)长期投资核算方法 1、取得的计价方法 长期投资取得时以初始投资成本计价,包括相关的税金、手续费等。债务重组取得债务人用以抵债的股权投资,以应收债权的账面价值为基础确定其入账价值;非货币性交易换入的股权投资,以换出资产的账面价值为基础确定其入账价值。 2、长期股权投资的核算方法 对被投资单位无控制、无共同控制且无重大影响的,采用成本法核算;对被投资单位能实施控制、共同控制或重大影响的,采用权益法核算。 按权益法核算长期股权投资时,初始投资成本高于应享有被投资单位净资产份额所确认的股权投资差额,若合同规定投资期限的按投资期限平均摊销;若合同未规定投资期限的按10年平均摊销。初始投资成本低于应享有被投资单位净资产份额的差额,计入资本公积(股权投资准备)。财会[2004]3号文生效前发生的股权投资差额贷差仍按原规定摊销。再次投资发生的股权投资差额按财会[2004]3号文处理。 3、长期债权投资的核算方法 中期末及年末,按合同规定利率或债券票面利率计提利息,并同时按直线法摊销债券投资溢价或折价。 如果计提的利息到期不能收回,停止计息并冲回原已计提的利息。 4、长期投资减值准备的计提 中期末及年末,按预计可收回金额低于长期投资账面价值的差额,计提长期投资减值准备。自2004年起计提长期投资减值准备时对以前年度已发生的股权投资差额按财会(2004)3号文处理。 长期投资减值准备按个别投资项目计算确定。 (十二)委托贷款核算方法 企业对委托金融机构贷出的款项,按实际委托的贷款金额入账。年末,按照委托贷款合同规定的利率计提应收利息。如果计提的利息到期不能收回,则停止计息并冲回原已计提的利息。 中期末及年末,对委托贷款可收回金额低于贷款本金的差额,计提委托贷款减值准备。 (十三)固定资产计价和折旧方法 1、固定资产标准 指为生产商品、提供劳务、出租或经营管理而持有的并且使用期限超过一年、单位价值较高的有形资产。 2、固定资产的分类 房屋及建筑物、专用设备、通用设备、运输设备、其他设备、固定资产装修、租入固定资产改良支出。 3、固定资产的取得计价 一般遵循实际成本计价原则计价。 债务重组取得债务人用以抵债的固定资产,以应收债权的账面价值为基础确定其入账价值;非货币性交易换入的固定资产,以换出资产的账面价值为基础确定其入账价值。 融资租入的固定资产,按租赁开始日租赁资产的原账面价值与最低租赁付款额的现值两者中较低者作为入账价值,如果融资租赁资产占企业资产总额等于或小于30%的,则按最低租赁付款额作为入账值。 4、固定资产折旧计提方法 固定资产折旧采用年限平均法分类计提。根据固定资产类别、预计使用年限和预计净残值率确定折旧率。 除制皂集团及其所属子公司外的公司各类固定资产的折旧年限和年折旧率: 类别 预计经济使用年限 预计残值率 年折旧率 房屋及建筑物 30年 5% 3.17% 专用设备 15年 5% 6.33% 通用设备 15年 5% 6.33% 运输设备 5年 5% 19% 其他设备 5年 5% 19% 制皂集团及其所属子公司各类固定资产的折旧年限和年折旧率: 类别 预计经济使用年限 预计残值率 年折旧率 房屋及建筑物 10-50年 3-10% 9.7%-1.8% 专用设备 10-20年 3-10% 9.7%-4.5% 通用设备 5年 3-10% 19.4-18% 运输设备 5-10年 3-10% 19.4-9% 其他设备 5年 3-10% 19.4-18% 符合资本化条件的固定资产装修费用,在两次装修期间与固定资产尚可使用年限两者中较短的期间内,采用年限平均法单独计提折旧;经营租赁方式租入的固定资产改良支出,在剩余租赁期与租赁资产尚可使用年限两者中较短的期间内,采用年限平均法单独计提折旧。 融资租赁方式租入的固定资产,能合理确定租赁期届满时将会取得租赁资产所有权的,在租赁资产尚可使用年限内计提折旧;无法合理确定租赁期届满时能够取得租赁资产所有权的,在租赁期与租赁资产尚可使用年限两者中较短的期间内计提折旧。融资租赁方式租入的固定资产发生的符合资本化条件的装修费用,在两次装修期间、剩尚租赁期与固定资产尚可使用年限三者中较短的期间内,采用年限平均法单独计提折旧。 5、固定资产减值准备的计提 中期末及年末,对由于市价持续下跌、技术陈旧、实体损坏、长期闲置等原因导致其可收回金额低于账面价值的,按预计可收回金额低于其账面价值的差额,计提固定资产减值准备。 固定资产减值准备按单项资产计提。 (十四)在建工程核算方法 1、取得的计价方法 以立项项目分类核算工程发生的实际成本,当所建工程项目达到预定可使用状态时,转入固定资产核算,尚未办理竣工决算的,按估计价值转账,待办理竣工决算手续后再作调整。 2、在建工程减值准备的计提 中期末及年末,对于长期停建并预计在未来三年内不会重新开工的在建工程,或在性能、技术上已落后且给企业带来经济利益具有很大不确定性的在建工程,计提在建工程减值准备。 在建工程减值准备按单项工程计提。 (十五)无形资产核算方法 1、取得的计价方法 按取得时的实际成本入账。 债务重组取得债务人用以抵债的无形资产,按应收债权的账面价值为基础确定其入账价值;非货币性交易换入的无形资产,按换出资产的账面价值为基础确定其入账价值。 2、摊销方法 采用直线法。相关合同与法律两者中只有一方规定受益年限或有效年限的,按不超过规定年数的期限平均摊销;两者均规定年限的按孰低者平均摊销;两者均未规定年限的按不超过十年的期限平均摊销。 3、无形资产减值准备的计提 中期末及年末,对于因被其他新技术替代、市价大幅下跌而导致创利能力受到重大不利影响或下跌价值预期不会恢复的无形资产,按预计可收回金额低于其账面价值的差额,计提无形资产减值准备。 无形资产减值准备按单项资产计提。 (十六)长期待摊费用摊销方法 1、开办费转销方法 在开始生产经营的当月一次计入损益。 2、其他长期待摊费用摊销方法 在受益期内平均摊销,其中: 预付经营租入固定资产的租金,按租赁合同规定的期限平均摊销。 (十七)借款费用 1、借款费用资本化的确认原则 专门借款的辅助费用在所购建资产达到预定可使用状态前,予以资本化,若金额较小则直接计入当期损益。 专门借款的利息、溢折价摊销、汇兑差额开始资本化应同时满足以下三个条件:资产支出已经发生;借款费用已经发生;为使资产达到预定可使用状态所必要的购建活动已经开始。 当购建资产项目发生非正常中断且连续三个月或以上时,借款费用暂停资本化。当购建资产项目达到预定可使用状态后,借款费用停止资本化。 当购建资产中部分项目分别完工且可单独使用时,该部分资产借款费用停止资本化。 普通借款的借款费用和不符合资本化规定的专门借款的借款费用,均计入发生当期损益。 2、借款费用资本化期间 按半年度计算借款费用资本化金额。 3、专门借款的借款费用资本化金额的确定方法 每一会计期间利息资本化的金额=至当年末止购建固定资产累计支出加权平均数×借款加权平均利率。 允许资本化的辅助费用、汇兑差额按实际发生额直接资本化。 (十八)预计负债 与或有事项相关的义务同时符合以下条件时,公司将其列为预计负债: 1、该义务是企业承担的现时义务; 2、该义务履行很可能导致经济利益流出企业; 3、该义务金额可以可靠地计量。 (十九)收入确认原则 1、销售商品 公司已将商品所有权上的重要风险和报酬转移给买方;公司不再对该商品实施继续管理权和实际控制权;与交易相关的经济利益能够流入企业;相关的收入和成本能可靠地计量时,确认营业收入实现。 2、提供劳务 在同一年度内开始并完成,在劳务已经提供,收到价款或取得收取价款的依据时,确认劳务收入的实现;如劳务的开始和完成分属不同的会计年度,在提供劳务交易的结果能够可靠估计的情况下,在资产负债表日按完工百分比法确认相关的劳务收入。 3、让渡资产使用权 与交易相关的经济利益能够流入企业,收入的金额能可靠地计量时,按合同或协议规定确认为收入。 4、出租物业收入 具有承租人认可的租赁合同、协议或其他结算通知书; 履行了合同规定的义务,开具销售发票且价款已经取得或确信可以 得; 出租开发成本能够可靠地计量。 (二十)未确认投资损失的确认 如果被投资单位发生亏损,公司按持股比例计算亏损分担额,并冲减长期股权投资的账面价值,一般以长期股权投资减记至零为限。未确认的亏损分担额,在编制合并会计报表时分别在资产负债表和利润及利润分配表中确认为未确认投资损失。 (二十一)所得税的会计处理方法 采用应付税款法。 (二十二)合并会计报表的编制方法 1、合并会计报表按照《合并会计报表暂行规定》及有关文件,以母公司和纳入合并范围的子公司的个别会计报表以及其他资料为依据进行编制。但对行业特殊及子公司规模较小,符合财政部财会二字(1996)2号《关于合并会计报表合并范围请示的复函》文件的规定,则不予合并。合并时对内部权益性投资与子公司所有者权益、内部投资收益与子公司利润分配、内部交易事项、内部债权债务进行抵销,对合并盈余公积进行调整。 2、母公司与子公司采用的会计政策和会计处理方法无重大差异。 三、税项: (一)公司主要税种和税率为 税 种 税率 备 注 增值税 17% 商品(产品)销售 13% 橡胶销售 消费税 10%-3% 生产环节的轮胎 (除子午线轮胎)销售(注) 8% 制皂集团护发类产品 营业税 5% 其他5% 所得税 27% 母公司、上海制皂有限公司 33% 注:2006年3月21日,财政部、国家税务总局联合发出通知,对我国现行消费税的税目、税率进行调整。其中斜交轮胎的税率从原来的10%降到了3%,子午线轮胎继续实行免税政策,本次调整将从4月1日起开始执行。 (二)税负减免 所得税 上海轮胎橡胶(集团)公司房地产开发经营公司,注册于浦东新区,根据沪财企一(1994)158号文,1994年起所得税减按15%计征; 上海轮胎橡胶(集团)供销有限公司,注册于浦东新区,根据沪财企一(1996)20号文,1995年6月起所得税减按15%计征; 上海牡丹油墨有限公司2006年所得税实际税负为15%。 四、母公司的汇总范围: (一)上海轮胎橡胶(集团)股份有限公司本部 (二)上海轮胎橡胶(集团)股份有限公司大中华正泰公司(以下简称大正公司) (三)上海轮胎橡胶(集团)股份有限公司双钱载重轮胎公司(以下简称载重公司) 五、合并范围: 本期合并范围减少一家,系公司五届十一次董事会审议通过了:《关于上海轮胎橡胶(集团)如皋投资有限公司股权转让的议案》。如皋投资公司注册资本8,750万元,公司出资7,160万元,占注册资本的81.83%,公司以8,100万元的价格将所持有的股权转让给自然人,故本期退出合并。 六、控股子公司及合营企业: (一)公司所控制的所有子公司、合营企业情况及其合并范围(金额单位:人民币元): ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 被投资单位全 注册资本 经营范围 母公司实 母 合 是 备 称 际投资额 公 并 否 注 司 范 合 控 围 并 股 内 比 控 例 股 比 例 上海制皂(集 160,690, 国内贸易(除 180,000, 60. 60. 是 ( 团)有限公司 000.00 专项规定) 000.00 00% 00% 注1 ) 上海轮胎橡胶 30,000,0 汽车轮胎开发 30,000,0 100 100 是 ( (集团)股份 00.00 研制、相关技 00.00 .00 .00 注1 公司轮胎研究 术、商品信息 % % ) 所 咨询服务 上海轮胎橡胶 注册资本 制造、加工、 USD18,74 51. 51. 是 ( (集团)如皋 USD36,27 组装销售轮胎 0,709.00 67% 67% 注2 有限公司 0,000.00 ,胶鞋及其他 ) 元 橡胶制品和前 述产品的配件 ,橡胶原辅材 料,橡胶机械 、模具,轮胎 橡胶制品钢丝 (国家有专项 规定的按规定 执行,涉及许 可证的凭有效 许可证生产经 营) 上海轮胎橡胶 21,000,0 轮胎及橡胶制 19,000,0 90. 100 是 ( (集团)供销有 00.00 品、橡胶机械 00.00 48% .00 注2 限公司 、化工原料( % ) 除危险品)、 金属材料、建 筑材料、机电 设备、轮胎辅 料、机械配件 经销 上海大孚橡胶 36,670,0 轮胎、力车胎 33,000,0 90. 100 是 ( 有限公司 00.00 、技贸结合 00.00 00% .00 注2 % ) 上海欣业实业 145,580, 轮胎、金属材 131,022, 90. 100 是 ( 有限公司 000.00 料、化工原料 000.00 00% .00 注2 及制品、电器 % ) 机械及器材 上海轮胎橡胶 28,510,0 销售内胎垫带 22,736,7 79. 79. 是 ( (集团)泗泾 00.00 35.00 75% 75% 注1 橡胶有限公司 ) 上海轮胎橡胶 14,680,0 销售轮胎、橡 9,542,00 65. 65. 是 ( (集团)东海 00.00 胶、橡胶制品 0.00 00% 00% 注1 轮胎有限公司 ,机械设备 ) 上海双钱碧源 10,000,0 房产开发、经 9,000,00 90. 90. 是 ( 置业有限公司 00.00 营,物业管理 0.00 00% 00% 注1 及自管房租赁 ) 。(以上经营 范围涉及许可 经营的凭许可 证经营)。 海口孚华轮胎 2,000,00 橡胶机械配件 1,800,00 90. 90. 否 ( 销售公司 0.00 、橡胶机械设 0.00 00% 00% 注1 备、化工原料 ) 、轮胎辅料、 轮胎及橡胶制 品销售 上海轮胎橡胶 18,000,0 橡胶机械,模 22,497,4 43. 51. 否 ( 机械模具有限 00.00 具,气门嘴, 87.86 68% 00% 注2 公司 技术服务 ) 上海轮胎橡胶 5,070,00 国内商业、物 3,300,00 59. 69. 否 ( (集团)联营 0.00 资供销业 0.00 674 620 注2 公司 5% 3% ) 上海橡胶工业 8,500,00 批发,零售, 8,000,00 94. 94. 否 ( 供销公司 0.00 加工服务 0.00 12% 12% 注1 ) 厦门回力工贸 1,600,00 化工原料、其 1,600,00 100 100 否 ( 公司 0.00 他食品、纺织 0.00 .00 .00 注1 品、日用百货 % % ) 、建筑材料批 发、零售 海南回力工贸 900,000. 橡胶制品,帘 900,000. 100 100 否 ( 公司 00 子布,钢丝, 00 .00 .00 注1 轮胎,化工原 % % ) 料 美国SHANGHAI USD200,0 轮胎销售、技 1,218,28 70. 70. 否 ( T.R.T.R公司 00.00 贸结合 0.00 00% 00% 注1 ) 上轮劳动服务 100,000. 劳动房屋(除 80,000.0 80. 80. 否 ( 有限公司 00 中介),劳动 0 00% 00% 注1 保障咨询(除 ) 经纪)。 上海轮胎橡胶 20,000,0 房地产开发经 100 是 ( (集团)公司 00.00 营服务,物业 .00 注3 房地产开发经 管理,建筑、 % ) 营公司 装潢材料 上海天福房地 USD11,40 在本地块内从 60. 是 ( 产发展有限公 0,000.00 事商品住宅办 00% 注3 司 公楼及其附属 ) 设备的建设开 发、销售与出 租;从事与房 地产有关的咨 询、代理、物 业管理业务; 从事地块建筑 物内的商场、 餐饮、文化娱 乐等业务(涉 及许可经营的 凭许可证经营 ) 上海欣兴贸易 600,000. 炭黑,橡胶及 100 否 ( 公司 00 制品,摩托车 .00 注3 及汽车配件, % ) 钢材,化工产 品,浴具,装 璜材料,劳防 用品,五金交 电,食品,副 食品南北货, 摩托车维修, 非炭黑设备加 工、安装,炭 黑技术服务, 蛇类制品,酒 ,烟 上海爱化测试 30,000.0 仪器维修及技 100 否 ( 仪器维修站 0 术咨询,仪器 .00 注3 零配件销售 % ) 深圳上轮贸易 1,100,00 国内商业、物 100 否 ( 有限公司 0.00 资供销业 .00 注4 % ) 上海上联化工 3,810,00 轮胎加工、化 100 否 ( 实业公司 0.00 工原料及制品 .00 注3 % ) 上海正力橡胶 1,004,00 橡胶及橡胶制 100 否 ( 工贸公司 0.00 品、化工原料 .00 注3 及产品、金属 % ) 材料、机电产 品及配件、建 筑材料、装潢 材料、五金交 电、汽车配件 家具及制品、 木材、工艺品 、附设分支机 构 上海碳酸钙厂 1,082,00 碳酸钙(工业 100 否 ( 0.00 用、药用、食 .00 注3 用) % ) 上海总联橡胶 1,060,00 橡胶及制品, 100 否 ( 实业公司 0.00 化工原料及产 .00 注3 品(除危险品 % ) ),橡胶模具 、服装鞋帽, 文教用品,体 育用品,五金 交电,金属材 料,机电设备 及配件(除专 营),纺织品 ,建筑、装潢 材料 上海正华工贸 1,000,00 轮胎及橡胶制 100 否 ( 公司 0.00 品、化工原料 .00 注3 (除危险品) % ) 、汽配、五金 工具,建筑五 金,再生胶, 摩托车胎生产 ,建材,水暖 轮胎维修,钢 丝盘头加工维 修,金属材料 ,电线电缆, 机电产品,百 货,五金交电 ,食品,油漆 及辅料 上海欣业广告 500,000. 承担各类广告 100 否 ( 公司 00 设计、制作 .00 注3 % ) 上海欣明橡胶 1,500,00 轮胎销售、批 94. 否 ( 厂 0.00 发、加工业务 67% 注3 ) 上海宝轮实业 500,000. 轮胎销售、批 80. 否 ( 公司 00 发、加工业务 00% 注3 ) 上海敦信贸易 1,800,00 钢材、木材、 83. 否 ( 有限公司 0.00 建筑材料、装 33% 注3 潢材料、化工 ) 原料及产品( 不含危险品) 、五金交电、 日用化学品、 汽车配件、橡 胶制品的销售 ,附设分支机 构 上海泰华出租 3,500,00 汽车客运、车 90. 否 ( 公司 0.00 辆配件的销售 00% 注3 ) 上海华轮贸易 1,700,00 橡胶制品、五 88. 否 ( 有限公司 0.00 金交电、摩托 24% 注3 车、电机、汽 ) 车配件、建筑 材料、装潢材 料、钢材、木 材、化工原料 及配件(除危 险品)、百货 销售、废旧橡 胶回收、劳动 服务 上海回力宾馆 4,000,00 内外宾住宿、 80. 否 ( 0.00 饭、菜、烟、 00% 注3 西点、冷热饮 ) 的销售,棋牌 娱乐 上海双力物业 500,000. 物业管理,房 90. 否 ( 管理有限公司 00 屋租赁,杂务 00% 注4 劳动,建材、 ) 钢材、百货、 五金交电、普 通劳防用品、 汽配批发、零 售、代购代销 上海龙泰精细 11,250,0 轮胎橡胶制品 53. 否 ( 橡胶公司 00.00 ,密封件 33% 注3 ) 上海福浦橡胶 3,000,00 橡胶、橡胶制 80. 否 ( 有限公司 0.00 品、橡胶粒子 00% 注3 、胶粉、橡胶 ) 模具制造、加 工、服装、鞋 帽、文教用品 、五金交电、 金属材料、机 电设备及配件 、纺织品、建 筑装潢材料批 发、零售(上 述经营范围涉 及许可经营的 凭许可证经营 ) 上海轮胎橡胶 500,000. 物业管理,房 100 否 ( (集团)房屋 00 屋租赁交换服 .00 注3 交换部 务 % ) 天开计算机系 1,000,00 计算机、自动 80. 否 ( 统有限公司 0.00 控制专业领域 00% 注3 内的八技服务 ) 等 上海白象天鹅 35,000,0 经营本企业电 100 是 ( 电池有限公司 00.00 池即及配件、 .00 注4 生产电池的机 % ) 械设备、仪器 仪表及零配件 的出口业务; 经营本企业生 产科研所需的 原辅材料、机 械设备、仪器 仪表及零配件 的进口业务; 电光源化工原 材料(除危险 品)有色金属 汽配五金交电 建筑材料。 上海制皂集团 10,000,0 主营皂类,甘 100 是 ( 产品销售有限 00.00 油,印刷油墨 .00 注4 公司 ,印花涂料, % ) 有机颜料,树 脂,洗涤用品 ,油脂,油脂 工业产品及其 衍生物产品, 香精,香料, 表面活性剂, 化工原料(除 危险品),日 用百货,包装 材料,服装, 纺织品销售 上海制皂厂 94,360,0 制皂,甘油, 100 是 ( 00.00 油脂,鞣料及 .00 注3 皮革化学品。 % ) 粘结剂,表面 活性剂,香精 ,工业品粘结 剂和胶,涂料 ,人用洗洁用 品,香料,化 妆品,动物用 化妆润滑剂 上海油墨厂 17,282,0 印刷油墨、涂 100 是 ( 00.00 料印花色浆。 .00 注3 涤纶着色浆、 % ) 颜料、树脂 上海凌旭油脂 USD700,0 生产精练工业 65. 是 ( 储炼有限公司 00.00 用油脂及相关 27% 注3 基础油脂原料 ) ,销售自产产 品(涉及许可 经营的凭许可 证经营) 上海牡丹油墨 85,000,0 印刷油墨、印 100 是 ( 有限公司 00.00 花涂料、树脂 .00 注4 ,颜料,经营 % ) 公司自产产品 及技术的出口 业务,经营公 司生产、科研 所需的原辅材 料,仪器仪表 、机械设备、 零配件及技术 的进口业务( 国家限定公司 经营和国家禁 止进出口的商 品及技术除外 ),经营进料 加工和“三来 一补”业务( 以上经营范围 涉及许可经营 的凭许可证经 营) MoltechHoldi USD50,00 从事英属维尔 70. 是 ( ngsCorporati 0.00 京群岛法律所 00% 注3 on 允许的经营活 ) 动 上海克勒色母 USD3,000 生产、销售各 60. 否 ( 粒化工有限公 ,000.00 类色母粒产品 00% 注3 司 及相关的塑料 ) 制品 四川克勒联营 2,000,00 油墨、涂料、 51. 否 ( 公司 0.00 颜料、色母粒 00% 注3 、油墨树脂 ) 上海制皂有限 USD41,95 生产香皂、洗 75. 是 ( 公司 0,000.00 衣皂、甘油、 00% 注3 洁净洗涤用品 ) 、油脂化工产 品及其衍生物 产品,销售自 产产品(涉及 许可经营的凭 许可证经营) 默特克电源( 注册资本 研发、生产、 100 是 ( 上海)有限公 USD25,00 加工各类无汞 .00 注3 司 0,000.00 碱锰电池、动 % ) 实到USD1 力镍氢电池、 8,505,00 锂离子电池, 0.00 销售自产产品 并提供售后服 务(涉及许可 经营的凭许可 证经营) 默特克电源( 注册资本 研发生产加工 100 是 ( 如皋)有限公 USD12,00 销售各类无汞 .00 注3 司 0,000.00 碱锰电池、动 % ) 实到USD9 力镍氢电池、 ,300,000 锂离子电池可 .00 充电电池及其 配套产品,并 提供售后服务 MoltechPower USD10,00 从事福罗里达 100 是 ( SystemsInc. 0.00 州法律所允许 .00 注3 的经营活动 % ) MoltechPower USD233,0 从事法律所允 100 是 ( SystemsEurop 00.00 许的经营活动 .00 注3 eanOperation % ) s 上海浦东四达 32,500,0 建筑装潢、化 100 否 (注 花园 00.00 工电器、橡胶 .00 5) 仪表零售兼批 % 发 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 注1:由上海轮胎橡胶(集团)股份有限公司直接投资; 注2:由上海轮胎橡胶(集团)股份有限公司及其子公司共同投资; 注3:由上海轮胎橡胶(集团)股份有限公司的子公司直接投资; 注4:由上海轮胎橡胶(集团)股份有限公司的子公司之间共同投资。 注5: 由上海轮胎橡胶(集团)股份有限公司的子公司直接投资,本期从成本法核算转入权益法核算。 (二)未纳入合并会计报表范围的子公司: 1、未合并的子公司详见(一) 2、未合并的原因: 根据财政部财会(1996)2号《关于合并会计报表合并范围请示的复函》的精神,并参照对境外投资者公布报表的合并范围。 (三)报告期内出售子公司情况 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 出售子公 出售 流动资产 长期投资 固 无 其他 流动负 长期 司名称 日上 定 形 资产 债 负债 年末 资 资 产 产 上海轮胎 --- 22,991,7 68,390,1 -- --- --- 6,184, --- 橡胶(集 02.08 04.42 - 347.59 团)如皋 --- 22,991,7 68,390,1 -- --- --- 6,184, --- 投资公司 02.08 04.42 - 347.59 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 出售子公 年初至出售 主营业务 主营业 利润总额 所得 净利润 司名称 日上年度 收入 务利润 税 上海轮胎 --- --- --- --- --- --- 橡胶(集 --- 269,869,9 9,162, -4,176,7 -4,176,7 团)如皋 99.35 713.89 94.13 94.89 投资公司 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 六、合并会计报表主要项目注释(以下金额单位若未特别注明者均为人民币元,凡未注明年初数的均为年末数) (一)货币资金 项 目 期 末 数 年 初 数 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 现金 470,774.68 344,323.06 银行存款 607,054,732.94 366,419,435.94 其他货币资金 96,705,840.38 155,843,727.33 合计 704,231,348.00 522,607,486.33 其中美元:外币金额 12,178,322.61 17,723,502.46 折算汇率 7.9956 8.0702 折合人民币 97,372,996.26 143,032,209.53 港元:外币金额 30,532,889.16 6,647,407.60 折算汇率 1.02942 1.0403 折合人民币 31,431,166.76 6,915,299.48 英镑:外币金额 1,313,473.51 584,658.08 折算汇率 14.6332 13.9122 折合人民币 19,220,320.57 8,133,880.14 欧元:外币金额 11,846.18 11,846.18 折算汇率 10.1313 9.5797 折合人民币 120,017.20 113,482.85 新币:外币金额 1,705.61 1,705.61 折算汇率 5.0281 4.8543 折合人民币 8,575.98 8,279.54 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 货币资金期末比年初增加181,623,861.67元,增加的比例为34.75%,主要原因系借款增加所致。 (二)应收票据 种类 期 末 数 年 初 数 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 银行承兑汇票 104,156,965.16 166,643,135.96 商业承兑汇票 3,463,232.38 合计 104,156,965.16 170,106,368.34 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 已质押的应收票据:见十/(二) 已贴现的商业承兑汇票为145,000,000.00元,系母公司取得合并范围内控股子公司开具的商业承兑汇票贴现。 (三)应收股利 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 项目 期末数 期初数 性质和内容 上海新轮联合发展有限 --- 11,138,023.57 已收到股利 公司 上海森凌置业发展有限 --- 10,441.35 已收到股利 公司 合计 --- 11,148,464.92 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 本期减少为收到股利。 (四)应收账款 1、账龄分析 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 账龄 期末数 年初数 账面余 占总 坏账 坏账准备 账面余额 占总 坏 坏账准 额 额比 准备 额比 账 备 例 计提 例 准 比例 备 (除 计 个别 提 认定 比 外) 例 ( 除 个 别 认 定 外 ) 1年 663,384 70.49 5% 33,169,2 658,491, 70.3 5% 32,924, 以内 ,593.09 % 29.65 014.90 4% 550.78 1-2 6,019,4 0.64% 30% 1,805,82 6,023,82 0.64 30 1,807,1 年 05.63 1.69 9.39 % % 48.81 2-3 10,682, 1.14% 50% 7,890,50 11,612,9 1.24 50 7,525,6 年 954.76 0.09 70.87 % % 27.43 3年 261,017 27.73 100% 261,017, 260,002, 27.7 10 260,002 以上 ,489.32 % 489.32 380.72 8% 0% ,380.72 合计 941.104 100.0 …… 303,883, 936,130, 100. … 302,259 .442.80 0% 040.75 195.88 00% … ,707.74 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 2、年末应收账款欠款金额前五名的累计总欠款金额为399,644,110.07 元,占应收账款总金额的43.54%。 3、本年度除3年以上应收账款按会计政策计提100%坏帐准备外全额计提坏帐准备的说明: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 账龄 账面余额 坏账准备 计提比例 理由 2-3年 5,098,045.42 5,098,045.4 100% 预计无法收 2 回 合计 5,098,045.42 5,098,045.4 --- 2 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 4、年末应收账款中无持本公司5%以上(含5%)表决权股份的股东单位欠款。 (五)其他应收款 1、账龄分析 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 账龄 期末数 年初数 账面余额 占总 坏账准备 账面余额 占总额 坏账准备 额比 比例 例 1年以 186,698,4 33.87 12,632,86 199,631,47 32.80% 12,632,862 内 46.12 % 2.92 6.95 .92 1-2 74,596,89 13.53 3,341,389 68,663,231 11.28% 3,341,389. 年 0.34 % .22 .27 22 2-3 50,277,05 9.12% 3,505,000 50,222,727 8.25% 3,505,000. 年 9.10 .00 .24 00 3年以 239,657,5 43.48 106,551,8 290,093,05 47.67% 106,977,49 上 44.64 % 48.91 4.04 9.05 合计 551,229,9 100.0 126,031,1 608,610,48 100.00 126,456,75 40.20 0% 01.05 9.50 % 1.19 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 2、年末其他应收款欠款金额前五名的累计总欠款金额为266,810,493.61元,占其他应收款总金额的比例为48.4%。 3、本年度全额计提或部分计提坏账准备的说明: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 欠款性质 欠款金额 计提比例 理由 担保款 9,862,155.12 100% 预计无法收回 预付工程款 5,045,714.01 100% 预计无法收回 预付款 8,470,368.12 100% 预计无法收回 暂借款 73,609,968.69 10%-100% 预计无法收回 置换土地款 28,161,495.11 18% 按无法收回的部分计 提 其他 491,400.00 100% 预计无法收回 合计 125,641,101.05 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 4、金额较大的其他应收款 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 土地置换款 152,297,829.03 注 上海正兴房产有限公司 62,767,306.58 暂借款 上海龙泰精细橡胶公司 48,969,727.62 预付土地补 偿金 上海市杨浦区土地发展中心 21,490,000.00 土地出让金 预付款 上海轮胎橡胶机模公司 17,591,738.72 暂借款 合计 303,116,601.95 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 注:经2003年度第一次临时股东大会决议,同意将以下应收款项列入置换计划,故本年未计提坏账准备(详见附注十二/(二)) 5、年末其他应收款中无持本公司5%以上(含5%)表决权股份的股东单位欠款。 (六)预付账款 1、账龄分析 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 账龄 期末数 年初数 金额 占总额比例 金额 占总额比例 1年以内 263,244,113.4 98.21% 47,660,482.75 46.40% 0 1-2年 4,776,883.97 1.78% 55,038,360.52 53.58% 2-3年 20,550.00 0.01% 20,550.00 0.02% 3年以上 --- --- --- --- 合计 268,041,547.3 100.00% 102,719,393.2 100.00% 7 7 ━━━━━━━━━━━━━━━━━━━━ォォォォォォォォォォォォォォ? 2、预付账款中无持本公司5%以上(含5%)表决权股份的股东单位欠款。 3、预付账款期末比期初增加165,322,154.10元,增加的比例为160.95%,增加的主要原因系预付橡胶款增加所致。 (七)应收补贴款: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 项目 金额 应收出口退税 508,090.19 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (八)存货及存货跌价准备 1、存货 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 项目 期末数 年初数 账面余额 跌价准备 账面余额 跌价准备 原材料 453,577,937. 2,264,080.9 420,168,812.84 2,264,080. 34 3 93 包装物 523,655.92 --- 518,302.74 --- 低值易耗品 114,117,931. 69,523.08 79,080,958.22 69,523.08 91 库存商品 492,369,208. 3,075,174.6 328,235,512.42 3,566,688. 33 9 25 在产品 140,914,309. --- 111,518,950.76 --- 80 委托加工物 2,793,525.83 --- 1,213,722.73 --- 资 开发产品 21,686,774.6 --- 12,836,554.99 --- 0 开发成本 21,793,482.8 10,050,000. 29,592,372.17 10,050,000 3 00 .00 合计 1,247,776,82 15,458,778. 983,165,186.87 15,950,292 6.56 70 .26 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 期末比期初增加264,611,639.69元,增加的比例为26.91%,增加的主要原因系因扩产使库存商品和低值易耗品增加以及原材料价格大幅上涨所致。 2、年末存货按成本高于可变现净值的差额计提存货跌价准备,确定可变现净值的依据为:以存货的估计售价减去至完工估计将要发生的成本、估计的销售费用以及相关税金后的金额。 (九)待摊费用 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 类别 年初 本期增加 本期摊销 本期减 期末数 期末结存原因 数 少 保险费 37,15 126,545.8 114,852. 48,844. 属本年度后期 1.00 9 00 89 承担的费用 租赁费 --- 657,000.0 219,000. 438,000 属本年度后期 0 00 .00 承担的费用 模具 --- 674,907.5 39,196.8 635,710 属本年度后期 4 8 .66 承担的费用 修理费 --- 4,110,719 1,000,00 3,110,7 属本年度后期 .29 0.00 19.29 承担的费用 其他 --- 1,595,777 1,267,23 328,541 属本年度后期 .75 6.15 .60 承担的费用 合计 37,15 7,164,950 2,640,28 4,561,8 1.00 .47 5.03 16.44 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (十)长期投资: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 项目 期末数 年初数 账面余额 减值准备 账面余额 减值准备 长期股权投 501,198,518 28,371,099.2 511,961,219 28,760,891.52 资 .61 8 .88 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 长期投资账面余额期末比期初减少10,762,701.27元,减少的比例为2.10%,主要系本期转让浦发银行法人股及权益法子公司本期盈亏对长期投资影响的差额。见附注(十一)2(3) 1、长期股票投资 : (1)股票投资: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 被投资 股份 股票数 占被 初始投资 期末帐面 减值准 年初帐面 公司名 类别 量(股 投资 成本 余额 备 余额 称 ) 公司 注册 资本 比例 爱建股 法人 208,33 <5% 700,000. 700,000. …… 700,000. 份 股 9 00 00 00 百联股 法人 411,68 <5% 2,381,42 2,381,42 563,76 2,381,42 份 股 0 2.61 2.61 7.75 2.61 东方明 法人 240,00 <5% 1,020,00 1,020,00 …… 1,020,00 珠 股 0 0.00 0.00 0.00 丰华股 法人 79,200 <5% 275,000. 275,000. …… 275,000. 份 股 00 00 00 广电信 法人 7,296 <5% 20,587.2 20,587.2 …… 20,587.2 息 股 7 7 7 宏盛科 法人 121,00 <5% 245,000. 245,000. …… 245,000. 技 股 0 00 00 00 津劝业 法人 168,15 <5% 739,570. 739,570. 739,570. 股 6 50 50 50 锦江酒 法人 8,541, <5% 9,000,00 9,000,00 …… 9,000,00 店 股 951 0.00 0.00 0.00 锦江酒 法人 注-786,5 -786,585 店 股 85.58 .58 龙头股 法人 240,00 <5% 760,000. 760,000. 760,000. 份 股 0 00 00 00 氯碱化 法人 118,58 <5% 657,304. 657,304. 92,338 657,304. 工 股 0 00 00 .40 00 浦发银 法人 …… 6,000,00 行 股 0.00 三爱富 法人 48,736 <5% 44,200.0 44,200.0 …… 44,200.0 股 0 0 0 三九发 法人 26,807 <5% 77,137.9 77,137.9 3,414. 77,137.9 展 股 7 7 40 7 上海石 法人 200,00 <5% 600,000. 600,000. …… 600,000. 化 股 0 00 00 00 天房发 法人 83,500 <5% 267,200. 267,200. …… 267,200. 展 股 00 00 00 原水股 法人 24,380 <5% 66,780.0 66,780.0 …… 66,780.0 份 股 0 0 0 小计 10,519 16,067,6 16,067,6 659,52 22,854,2 ,625 16.77 16.77 0.55 02.35 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 注:系以缩股的方式取得锦江酒店股票的流通权。 (2)其他股权投资: A.成本法核算的股权投资: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 被投资单位名称 占被投资 年初余额 本年投资增 期末帐面 单位注册 减额 余额 资本比例 常熟胶鞋厂(注1) 19.26% 842,435. …… 842,435.0 00 0 成都海发集团股份有限公 <5% 150,000. …… 150,000.0 司 00 0 海南国际假日游业公司( 5.00% 500,000. …… 500,000.0 注1) 00 0 辽宁上海轮胎橡胶联营公 50.00% 500,000. …… 500,000.0 司(注1) 00 0 上海长银工茂公司(注1) <5% 1,000,00 …… 1,000,000 0.00 .00 上海奉平民政实业有限公 45.00% 900,000. …… 900,000.0 司华利颜料厂(注2) 00 0 上海彩生色料化学有限公 19.00% 950,000. 950,000.0 司 00 0 上海钢丝厂技术开发公司 2.00% 31,905.2 …… 31,905.29 (注1) 9 上海华明高技术(集团)有 14.44% 4,400,00 …… 4,400,000 限公司 0.00 .00 上海华南公司(注1) 12.50% 136,615. …… 136,615.0 00 0 上海化工工程技术咨询监 12.50% 150,000. …… 150,000.0 理公司 00 0 上海森懋实业公司 17.00% 2,076,06 …… 2,076,061 1.94 .94 上海生生轮胎模具有限公 15.00% 600,000. …… 600,000.0 司 00 0 上海文化实业总公司(注1 7.50% 1,500,00 …… 1,500,000 ) 0.00 .00 上海正兴房地产有限公司 5.00% 1,000,00 …… 1,000,000 0.00 .00 上海浦东四达花园(注8) 49.00% 15,925,0 -15,925,00 …… 00.00 0.00 信德企业发展公司 1.99% 500,000. …… 500,000.0 00 0 远东经济实业总公司(注1 3.00% 30,000.0 …… 30,000.00 ) 0 浙江永康活塞公司 <5% 1,200,00 …… 1,200,000 0.00 .00 中国北美轮胎销售公司( 64.00% 4,847,22 …… 4,847,224 注4) 4.44 .44 中国中联橡胶总公司 18.81% 1,050,00 …… 1,050,000 0.00 .00 上海银行 <5% 242,200. …… 242,200.0 00 0 长江经济联合发展(集团 <5% 2,800,00 …… 2,800,000 )股份有限公司 0.00 .00 海通证券股份有限公司 <5% 10,200,0 …… 10,200,00 00.00 0.00 交通银行 <5% 3,900,00 …… 3,900,000 0.00 .00 上海宝鼎投资股份有限公 <5% 625,000. …… 625,000.0 司 00 0 上海国际信托投资公司 <5% 23,333,3 …… 23,333,30 00.00 0.00 申银万国证券股份有限公 <5% 12,500,0 …… 12,500,00 司公司(注7) 00.00 0.00 上海锡成化工有限公司( 51.00% 510,000. …… 510,000.0 注3) 00 0 无锡锡成油脂化工有限公 51.00% 1,112,20 …… 1,112,200 司(注3) 0.29 .29 小计 …… 93,511,9 -15,925,00 77,586,94 41.96 0.00 1.96 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 注1:已计提减值准备,账面净额为零。 注2:为民政福利企业。 注3:为承包经营。 注4:投资比例与分配比例不一致 注5:歇业注销。 注6:股权转让。 注7:计提40%的减值准备。 注8:由成本法转为权益法核算。 B. 权益法核算的对子公司股权投资: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 投 占被 年初 本年权益增减额 期末余额 资 投资 余额 本年 其中 初始 累计增 合计 单 单位 合计 投资成 确认 差 分 投资 减 位 注册 本 收益 额 得 名 资本 摊 利 称 比例 销 润 上 55.0 1,68 …… …… …… … … 2,400 -714,4 1,685 海 0% 5,56 … … ,000. 30.72 ,569. 制 9.28 00 28 皂 ( 绵 阳 ) 有 限 公 司 ( 注 2 ) 上 60.0 17,1 … … 25,99 -25,97 17,11 海 0% 11.9 … … 2,000 4,888. 1.91 克 1 .00 09 勒 色 母 粒 化 工 有 限 公 司 四 51.0 895, 1,021 -125,6 895,6 川 0% 644. ,278. 34.15 44.73 克 73 88 勒 联 营 公 司 上 90.0 2,19 3,521 …… 3,521 … … 450,0 1,752, 2,202 海 0% 8,82 .64 .64 … … 00.00 346.27 ,346. 双 4.63 27 力 物 业 管 理 公 司 上 100. 817, 500,0 317,02 817,0 海 00% 023. 00.00 3.41 23.41 轮 41 胎 橡 胶 房 屋 交 换 部 上 80.0 777, …… …… …… … … 800,0 -22,12 777,8 海 0% 874. … … 00.00 5.81 74.19 天 19 开 计 算 机 系 统 公 司 ( 注 2 ) 上 100. 3,83 …… …… …… … … 5,500 -1,664 3,835 海 00% 5,98 … … ,000. ,015.4 ,984. 上 4.51 00 9 51 联 化 工 实 业 公 司 ( 注 2 ) 上 100. …… …… …… …… … … 1,500 -1,500 …… 海 00% … … ,000. ,000.0 正 00 0 力 橡 胶 工 贸 公 司 ( 注 1 ) 上 100. 2,32 182,9 182,9 … … 1,082 1,428, 2,510 海 00% 7,72 69.20 69.20 … … ,000. 698.06 ,698. 碳 8.86 00 06 酸 钙 厂 上 100. 858, -9,80 -9,80 … … 1,060 -211,7 848,2 海 00% 022. 5.45 5.45 … … ,000. 82.98 17.02 总 47 00 联 橡 胶 实 业 公 司 上 100. 1,12 … … 1,000 120,68 1,120 海 00% 0,68 … … ,000. 2.83 ,682. 正 2.83 00 83 华 工 贸 公 司 ( 注 2 ) 上 100. 110, … … 500,0 -389,8 110,1 海 00% 115. … … 00.00 84.45 15.55 欣 55 业 广 告 公 司 ( 注 2 ) 上 94.6 765, …… …… …… … … 1,420 -654,7 765,2 海 7% 259. … … ,050. 90.94 59.06 欣 06 00 明 橡 胶 厂 ( 注 2 ) 上 80.0 359, …… …… …… … … 400,0 -40,52 359,4 海 0% 475. … … 00.00 4.57 75.43 宝 43 轮 实 业 公 司 ( 注 2 ) 上 83.3 1,81 …… …… …… … … 1,500 310,80 1,810 海 3% 0,80 … … ,000. 4.71 ,804. 敦 4.71 00 71 信 贸 易 有 限 公 司 ( 注 2 ) 上 90.0 10,0 …… …… …… … … 3,780 6,226, 10,00 海 0% 06,6 … … ,000. 665.10 6,665 泰 65.1 00 .10 华 0 出 租 汽 车 有 限 公 司 ( 注 2 ) 上 88.2 1,17 …… …… …… … … 1,500 -329,9 1,170 海 4% 0,01 … … ,000. 89.17 ,010. 华 0.83 00 83 轮 贸 易 有 限 公 司 ( 注 2 ) 上 80.0 3,200 -3,200 …… 海 0% ,000. ,000.0 回 00 0 力 宾 馆 有 限 公 司 ( 注 1 ) 深 100. 5,03 1,219 1,219 … … 700,0 5,556, 6,256 圳 00% 7,09 ,199. ,199. … … 00.00 295.72 ,295. 上 6.21 51 51 72 轮 贸 易 有 限 公 司 上 53.3 …… …… …… …… … … 6,000 -6,000 …… 海 3% … … ,000. ,000.0 龙 00 0 泰 精 细 橡 胶 公 司 ( 注 1 ) 上 80.0 1,77 -18,6 -18,6 2,400 -647,9 1,752 海 0% 0,69 30.91 30.91 ,000. 34.28 ,065. 福 6.63 00 72 浦 橡 胶 有 限 公 司 上 100. 600, 600,0 …… 600,0 海 00% 000. 00.00 00.00 欣 00 兴 贸 易 公 司 ( 注 2 ) 上 100. 258, 30,00 228,75 258,7 海 00% 758. 0.00 8.70 58.70 爱 70 化 测 试 维 修 站 海 90.0 3,23 …… …… …… … … 1,800 1,439, 3,239 口 0% 9,42 … … ,000. 420.82 ,420. 浮 0.82 00 82 华 轮 胎 销 售 公 司 上 51.0 …… …… …… …… … … 26,26 -26,26 …… 海 0% … … 4,786 4,786. 轮 .39 39 胎 橡 胶 机 械 模 具 有 限 公 司 ( 注 1 ) 上 69.6 4,27 -63,0 -19,91 -43,1 … … 3,869 338,30 4,208 海 2% 1,26 42.88 4.00 28.88 … … ,914. 9.38 ,223. 轮 6.26 00 38 胎 橡 胶 ( 集 团 ) 联 营 公 司 上 94.1 …… …… …… …… … … 8,000 -8,000 …… 海 2% … … ,000. ,000.0 橡 00 0 胶 工 业 供 销 公 司 ( 注 1 ) 厦 100. 2,24 …… …… …… … … 1,600 646,55 2,246 门 00% 6,55 … … ,000. 7.67 ,557. 回 7.67 00 67 力 工 贸 公 司 ( 注 2 ) 海 100. 460, …… …… …… … … 900,0 -439,2 460,7 南 00% 707. … … 00.00 92.81 07.19 回 19 力 工 贸 公 司 ( 注 2 ) 美 70.0 1,03 -16,9 -16,96 …… … … 1,218 -196,3 1,021 国 0% 8,86 61.38 1.38 … … ,280. 73.26 ,906. SH 8.12 00 74 AN GH AI T. R. T. R 公 司 ( 注 2 ) 上 80.0 92,4 5,317 5,317 80,00 17,777 97,77 轮 0% 59.9 .31 .31 0.00 .21 7.21 劳 0 动 服 务 有 限 公 司 ( 注 3 ) 上 100. 32,50 32,500 32,50 32,50 海 00% 0,000 ,000.0 0,000 0,000 浦 .00 0 .00 .00 东 四 达 花 园 ( 注 6 ) 小 …… 47,7 33,80 32,463 1,339 … … 139,5 -57,99 81,57 计 72,6 2,567 ,124.6 ,442. … … 68,30 3,113. 5,196 29.0 .04 2 42 9.27 23 .04 0 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 注1:被投资公司的净资产负数,长期投资核算至零。 注2:已全额计提减值准备。 注3:本年新增投资。 注4:本年股权转让。 注5:法院破产程序终结注销。 注6:本年由成本法核算转为权益法核算。 C.权益法核算的对联营企业股权投资: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 投 占 年 本年权益增减额 期末余额 资 被 初 本 其中 初 累 合计 单 投 余 年 投 确 股 差 分 始 计 位 资 额 合 资 认 权 额 得 投 增 名 单 计 成 收 投 摊 利 资 减 称 位 本 益 资 销 润 注 准 册 备 资 本 比 例 上 32 1, 1, -99 1,462,869.37 海 .0 46 56 ,95 金 0% 2, 2, 8.4 峰 86 82 3 油 9. 7. 化 37 80 工 业 有 限 公 司 上 40 85 … … … … … … 40 459 859,928.81 海 .0 9, … … … … … … 0, ,92 制 0% 92 00 8.8 皂 8. 0. 1 厂 81 00 海 南 联 合 日 化 分 厂 ( 注 2 ) 上 50 71 … … 1, -42 710,657.20 海 .0 0, … … 13 8,0 敦 0% 65 8, 85. 煌 7. 74 26 制 20 2. 罐 46 厂 上 38 1, 1, -7, 1,892,571.67 海 .0 89 90 428 万 0% 2, 0, .33 益 57 00 高 1. 0. 分 67 00 子 材 料 有 限 公 司 上 33 12 95 955 … … … 20 -6, 13,286,707.10 海 .3 ,3 5, ,50 … … … ,0 713 世 3% 31 50 1.5 00 ,29 纪 ,2 1. 9 ,0 2.9 联 05 59 00 0 融 .5 .0 控 1 0 股 有 限 公 司 上 50 14 8, 10, -1, 24 -1, 22,899,900.27 海 .0 ,1 74 000 257 ,0 100 制 0% 57 2, ,00 ,24 00 ,09 皂 ,1 75 0.0 3.7 ,0 9.7 ( 44 6. 0 4 00 3 集 .0 26 .0 团 1 0 ) 如 皋 有 限 公 司 ( 注 6 ) 上 30 16 -5 … … -5 15 9,2 159,287.29 海 .0 4, ,1 … … ,1 0, 87. 银 0% 45 63 63 00 29 轮 0. .2 .2 0. 工 50 1 1 00 程 监 理 公 司 上 50 50 … … … … 50 … 500,000.00 海 .0 0, … … … … 0, … 双 0% 00 00 飞 0. 0. 物 00 00 业 管 理 有 限 公 司 ( 注 3 ) 上 49 5, 1, … 1,3 … … … 49 6,0 6,589,389.45 海 .0 28 30 … 03, … … … 0, 99, 沪 0% 5, 3, 649 00 389 轮 73 64 .62 0. .45 轮 9. 9. 00 胎 83 62 橡 胶 有 限 公 司 泰 40 4, … … … … … … 6, -1, 4,945,209.23 国 .0 94 … … … … … … 92 982 华 0% 5, 7, ,47 泰 20 68 0.7 橡 9. 0. 7 胶 23 00 公 司 上 40 10 -2 … -24 … … 90 -13 77,162,156.50 海 .0 2, 4, … ,86 … … ,2 ,08 新 0% 02 86 7,3 47 5,0 轮 9, 7, 23. ,2 43. 联 48 32 82 00 50 合 0. 3. .0 发 32 82 0 展 有 限 公 司 上 28 10 -5 -5, … -4 27 -17 99,708,791.61 海 .5 5, ,9 533 … 64 4, 4,8 米 0% 70 98 ,44 ,9 51 03, 其 7, ,4 6.2 77 2, 208 林 21 23 3 .2 00 .39 回 5. .5 8 0. 力 12 1 00 轮 胎 股 份 有 限 公 司 ( 注 6 ) 上 49 56 -8 … 740 … -9 1, -47 559,925.11 海 .0 8, ,4 … .23 … ,1 03 8,8 钢 0% 35 31 71 8, 74. 丝 6. .2 .4 80 89 厂 37 6 9 0. 浦 00 东 拉 丝 模 厂 上 40 15 … … … … … … 39 -23 15,746.64 海 .0 ,7 … … … … … … ,1 ,44 钢 0% 46 91 4.5 丝 .6 .2 8 厂 4 2 工 贸 公 司 ( 注 2 ) 上 22 … … … … … … … 10 -10 …… 海 .4 … … … … … … … ,9 ,98 神 7% 89 9,3 马 ,3 06. 帘 06 82 子 .8 布 2 有 限 公 司 ( 注 1 ) 上 30 7, -6 -60 … … 7, -34 6,659,483.86 海 .4 26 01 1,2 … … 00 0,5 巴 3% 0, ,2 36. 0, 16. 士 72 36 52 00 14 交 0. .5 0. 大 38 2 00 网 球 俱 乐 部 有 限 公 司 ( 注 3) 上 35 61 88 … 887 … … 61 887 61,887,032.74 海 .0 ,0 7, … ,03 … … ,0 ,03 双 58 00 03 2.7 00 2.7 钱 3% ,0 2. 4 ,0 4 轮 00 74 00 胎 .0 .0 销 0 0 售 有 限 公 司 ( 注 3) 小 … 31 -1 10, -29 -4 -5 50 -20 299,299,656.85 计 … 8, 9, 000 ,11 74 ,1 1, 2,5 89 59 ,00 2,3 ,1 63 89 96, 1, 1, 0.0 26. 48 .2 5, 091 29 63 0 13 .7 1 74 .45 4. 8. 7 8. 96 11 30 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 注1:被投资公司的净资产负数,长期投资核算至零。 注2:已全额计提减值准备。 注3:本年新增投资。 注4:本年股权转让。 注5:歇业注销。 注6:本年追加投资。 2、长期投资减值准备 长期股权投资减值准备: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 被投资单位名称 年初数 本年增加 本年减少 期末数 股票投资 1,032,35 372,830.86 659,520. 1.41 55 海南国际假日游业公司 500,000. …… …… 500,000. 00 00 常熟胶鞋厂 842,435. …… …… 842,435. 00 00 上海华南公司 136,615. …… …… 136,615. 00 00 上海钢丝厂技术开发公司 31,905.2 …… …… 31,905.2 9 9 辽宁上海轮胎橡胶联营公司 500,000. …… …… 500,000. 00 00 上海长银工茂公司 1,000,00 …… …… 1,000,00 0.00 0.00 远东经济实业总公司 30,000.0 …… …… 30,000.0 0 0 申银万国证券股份有限公司 5,000,00 5,000,00 公司 0.00 0.00 上海文化实业总公司 1,500,00 …… …… 1,500,00 0.00 0.00 上海制皂厂海南联合日化分 859,928. …… …… 859,928. 厂 81 81 上海钢丝厂工贸公司 15,746.6 …… …… 15,746.6 4 4 上海制皂(绵阳)有限公司 1,685,56 …… …… 1,685,56 9.28 9.28 上海天开计算机系统公司 777,874. …… …… 777,874. 19 19 上海上联化工实业公司 3,835,98 …… 3,835,98 4.51 4.51 上海正华工贸公司 1,120,68 …… …… 1,120,68 2.83 2.83 上海欣业广告公司 110,115. …… …… 110,115. 55 55 上海欣明橡胶厂 765,259. …… …… 765,259. 06 06 上海宝轮实业公司 359,475. …… …… 359,475. 43 43 上海敦信贸易有限公司 1,810,80 …… …… 1,810,80 4.71 4.71 上海泰华出租汽车有限公司 1,330,00 …… …… 1,330,00 0.00 0.00 上海华轮贸易有限公司 1,170,01 …… …… 1,170,01 0.83 0.83 上海欣兴贸易公司 600,000. …… …… 600,000. 00 00 厦门回力工贸公司 2,246,55 …… …… 2,246,55 7.67 7.67 海南回力工贸公司 460,707. …… …… 460,707. 19 19 美国SHANGHAIT.R.T.R公司 1,038,86 …… 16961.38 1,021,90 8.12 6.74 小计 28,760,8 389,792.24 28,371,0 91.52 99.28 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 4、构成合并价差的股权投资差额: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 被投资单位名 初始金 形 摊 年初余 本年摊 本年 期末余额 称 额 成 销 额 销额 其他 原 期 减少 因 限 上海白象天鹅 19,971, 购 10 13,980, 998,595 …… 12,981,7 电池有限公司 907.55 置 年 335.31 .36 39.95 股 权 上海制皂(集 25,268, 购 10 14,950, 1,263,4 …… 13,687,3 团)有限公司 985.30 置 年 816.30 49.26 67.04 股 权 小计 45,240, 28,931, 2,262,0 …… 26,669,1 892.85 151.61 44.62 06.99 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (十一)固定资产原价及累计折旧 1、固定资产原价 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 类别 年初原价 本期增加 本期减少( 期末原价 注) 房屋及建筑物 1,203,763,75 1,777,600. 1,205,541,35 1.28 00 1.28 通用设备 121,938,758. --- 13,959,544. 107,979,214. 14 12 02 专用设备 2,622,052,18 3,004,311. 10,985,224. 2,614,071,26 0.52 00 29 7.23 运输工具 61,716,297.8 2,670,210. 1,175,036.0 63,211,472.5 0 76 3 3 固定资产整修 449,780.00 --- 449,780.00 费 经营租入固定 1,006,715.33 --- 1,006,715.33 资产改良 其他 92,319,363.2 12,620,720 3,018,923.2 101,921,160. 4 .64 6 62 小计 4,103,246,84 20,072,842 29,138,727. 4,094,180,96 6.31 .40 70 1.01 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 其中: 本年由在建工程转入固定资产原价为3,355,012.81元。 本年出售固定资产原价为14,284,598.91 元。 新增固定资产中尚需支付的金额为495,060.00 元。 年末抵押的固定资产原价为396,919,734.86 元。 2、累计折旧 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 类别 年初数 本期增加 本期提取 本期减少( 期末数 注1) 房屋及建筑 312,762,83 18,115,0 0 330,877,8 物 5.45 05.18 40.63 通用设备 89,556,384 4,698,40 4,162.82 94,250,63 .73 8.22 0.13 专用设备 1,257,371, 56,260,9 8,663,511. 1,304,968 346.08 77.20 42 ,811.86 运输工具 39,174,993 2,659,61 871,955.99 40,962,65 .12 7.67 4.80 固定资产整 …… 0 修费 经营租入固 286,853.75 0 286,853.7 定资产改良 5 其他 44,270,745 5,720,11 1,860,833. 48,130,03 .53 9.35 76 1.12 小计 1,743,423, 87,454,1 11,400,463 1,819,476 158.66 27.62 .99 ,822.29 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 3、固定资产减值准备 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 类别 年初数 本期增加 本期减少 期末数 房屋及建筑物 53,614,789.7 53,614,789.78 8 通用设备 5,317,389.63 5,317,389.63 专用设备 113,731,394. 219,662.40 113,511,732.4 87 7 运输工具 463,822.92 463,822.92 固定资产整修 费 经营租入固定 资产改良 其他 14,009,737.6 2,426.44 14,007,311.23 7 小计 187,137,134. 222,088.84 186,915,046.0 87 3 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 注:本年减少系处置转出所致。 4、已提足折旧仍继续使用的固定资产 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 类别 账面原值 累计折旧 账面净值 减值准备 账面净额 房屋及建 9,551,965. 3,274,469.7 6,277,495 6,116,519. 160,976. 筑物 45 6 .69 43 26 通用设备 47,874,664 42,428,926. 5,445,738 2,629,799. 2,815,93 .80 28 .52 43 9.09 专用设备 175,885,57 156,439,277 19,446,29 15,037,253 4,409,04 4.18 .34 6.84 .00 3.84 运输工具 23,715,213 22,299,336. 1,415,877 275,307.27 1,140,57 .61 18 .43 0.16 其他 11,742,458 10,697,083. 1,045,374 717,336.30 328,038. .39 95 .44 14 合计 268,769,87 235,139,093 33,630,78 24,776,215 8,854,56 6.43 .51 2.92 .43 7.49 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (十二)工程物资: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 期末数 年初数 798,319.52 519,984.52 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (十三)在建工程 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 工程项目名称 年初数 本期增加 转入固 其他 期末数 资金 定资产 减少 来源 轮胎如皋公司新 211,532 162,918, 0.00 0.00 374,450,6 金融 厂建设 ,480.28 153.56 33.84 机构 借款 载重公司子午胎 34,594, 46,535,1 414,83 189,5 80,524,78 金融 项目 039.14 58.81 3.50 77.92 6.53 机构 借款 大正公司技术改 859,063 1,314,82 0.00 0.00 2,173,883 其他 造 .00 0.88 .88 大孚厂F270设备 873,470 873,470.9 其他 系统大修 .99 9 轮研所基建项目 3,067,6 4,297,01 1,406, 555,1 5,403,393 其他 35.12 2.54 079.31 74.44 .91 东海工程胎项目 17,613, 684,612. 1,534, 0.00 16,764,35 其他 843.29 00 100.00 5.29 制皂有限公司技 2,186,3 176,836. 0.00 0.00 2,363,192 其他 改项目 56.71 23 .94 白象电池新厂房 5,974,5 3,153,05 684,75 35,00 8,407,821 其他 28.65 1.58 9.08 0.00 .15 默特克电源设备 80,897, 199,937. 0.00 0.00 81,097,65 其他 722.44 51 9.95 其他 195,440 4,205,76 645,16 124,7 3,631,285 其他 .58 2.02 9.35 47.42 .83 小计 357,794 223,485, 4,684, 904,4 575,690,4 ,580.20 345.13 941.24 99.78 84.31 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 在建工程减值准备 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 项目名称 年初数 本期减少 期末数 计提原因 (注) 大孚厂F270设备系 873,470.9 873,470.9 待动迁 统大修 9 9 小计 873,470.9 873,470.9 9 9 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 在建工程年末数比年初数增加217,895,904.11元,增加比例为60.90%,增加主要原因为:如皋50万套全钢载重子午胎项目和载重厂60万套全钢载重子午胎扩产项目投入增加所致。 (十四)固定资产清理: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 期末数 年初数 -164,425.98 --- ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 期末余额为固定资产办妥报批手续转入固定资产清理后,尚未清理处置完毕的余额。 (十五)无形资产 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 项目 摊 取 原值 年初 本期 本 本期 累计摊 期末数 剩余 销 得 数 增加( 期 摊销 销 摊销 年 方 注) 转 期限 限 式 出 土地 9- 购 301, 86,56 163,1 -- 1,59 22,833 248,12 66-46 使用 60 入 170, 3,655 51,50 - 3,92 ,374.8 1,231. 1个月 权 年 136. .05 0.00 3.43 4 62 09 商标 10 购 33,2 22,68 --- -- 948, 11,520 21,737 54-18 使用 -1 入 57,8 5,870 - 054. ,022.7 ,816.0 0个月 权 9 38.8 .66 60 8 6 年 4 财务 5- 购 7,04 5,271 --- -- 147, 1,921, 5,124, 54-76 软件 10 入 6,25 ,352. - 000. 901.32 352.16 个月 、专 年 3.48 16 00 用技 术等 合计 341, 114,5 163,1 -- 2,68 36,275 274,98 474, 20,87 51,50 - 8,97 ,298.9 3,399. 228. 7.87 0.00 8.03 4 84 41 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 注:本年增加系为子公司以支付土地使用金的方式取得土地使用权所致。 (十六)长期待摊费用 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 项目 原始发 年初数 本期增 本 本期 累计摊 期末数 剩余 生额 加(注1 期 摊销 销 摊销 ) 转 期限 出 水电 8,273,2 832,20 118,8 7,559, 713,314 36个 增容 76.00 0.47 85.80 961.33 .67 月 费 开办 4,361,8 3,278, 1,083,6 4,361,8 --- 费( 58.46 243.71 14.75 58.46 注) 其他 7,363,5 910,80 227,7 6,680, 683,105 10个 递延 93.87 7.00 01.50 488.37 .50 月 支出 合计 19,998, 5,021, 1,083,6 346,5 14,240 5,758,2 728.33 251.18 14.75 87.30 ,449.7 78.63 0 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 注:本年增加系为子公司尚属开办期所致。 (十七)其他长期资产 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 项目 原值 年初余额 本期增 本期 累计摊 期末余额 加 摊销 销额 出租开发产 16,606,6 14,758,3 256,636 283,2 1,874,8 14,731,8 品 36.60 69.04 .60 02.34 33.30 03.30 股权分置流 786,585. 786,585 786,585. 通权注 58 .58 58 合计 17,393,2 14,758,3 1,043,2 283,2 1,874,8 15,518,3 22.18 69.04 22.18 02.34 33.30 88.88 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 注:系以缩股的方式获得锦江酒店股票的流通权。 (十八)短期借款: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 1、借款类别 期末数 年初数 信用借款 410,063,610.83 44,753,800.00 质押借款(注1) 99,944,999.99 90,773,519.24 抵押借款(注1) --- 12,000,000.00 保证借款 1,157,644,294.14 1,327,552,041.58 银行承兑汇票贴现 33,100,340.32 商业承兑汇票贴现(注2) 145,000,000.00 70,000,000.00 合计 1,812,652,904.96 1,578,179,701.14 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 2、注1:见十/(二) 注2:为合并范围内公司开具的商业承兑汇票贴现。 3、期末外币借款的外币金额为美元44,945,253.38 元,折算汇率7.9956,折合人民币359,364,267.93元。 4、已到期未偿还的借款: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 贷款单位 贷款金额 未按期偿还原因 工商银行长宁支行 2,200,000.00 子公司未办理展期手续 工商银行长宁支行 890,000.00 子公司未办理展期手续 工商银行长宁支行 90,000.00 子公司未办理展期手续 工商银行长宁支行 223,800.00 子公司未办理展期手续 工商银行长宁支行 350,000.00 子公司未办理展期手续 工商银行长宁支行 1,000,000.00 子公司未办理展期手续 合计 4,753,800.00 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (十九)应付票据 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 种类 期末数 年初数 银行承兑汇票 186,607,385.44 79,959,000.00 商业承兑汇票 28,615,473.64 29,875,360.04 合计 215,222,859.08 109,834,360.04 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 注:应付票据期末比年初增加105,388,499.04元,增加的比例为95.95%,增加的主要原因系母公司与原材料供应商协定以买方付息贴现的结算方式,从银行开具的银行承兑汇票。 (二十)应付账款 期末数 年初数 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 625,135,437.62 633,077,304.38 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 1、年末余额中无欠持本公司5%以上(含5%)表决权股份的股东款项。 2、账龄超过三年的大额应付账款有: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 债权人名称 金额 未偿还原因 上海美丽食品公司 43,608,316.67 诉讼 上海联合利华制皂有限公司 24,045,987.52 历年往来 华凌综合贸易公司 2,509,070.10 历年往来 立交技工贸公司 2,029,838.19 历年往来 上海油脂公司 1,006,882.20 诉讼 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (二十一)预收账款 期末数 年初数 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 287,248,797.65 103,280,040.82 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 1、年末余额中无欠持本公司5%以上(含5%)表决权股份的股东欠款。 2、预收账款年末数比年初数增加183,968,756.83元,增加比例为178.13%,主要原因为:子公司预收货款的增加。 (二十二)其他应付款: 期末数 年初数 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 404,299,500.47 361,232,145.03 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 1、年末余额中欠持本公司5%以上(含5%)表决权股份的股东欠款为 0 元。 2、金额较大的其他应付款: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 债权人名称 金额 性质或内容 长阳路447号土地款及补偿金 135,147,046.45 土地款及补偿金 四达花园 16,575,000.00 往来款 工会 13,079,093.99 暂借款 上海泰华出租公司 10,174,466.94 暂借款 上海联合利华有限公司 8,256,273.72 暂借款 合计 183,231,881.10 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (二十三)应付股利 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 投资者名称或类别 期末欠付股利金额 欠付原因 法人股股东 849,817.74 尚未支付的股利 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (二十四)应交税金 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 税种 期末数 年初数 报告期执行的法定税 率 增值税 360,002.00 11,449,800.69 13%、17% 营业税 11,630,895.00 11,669,451.64 3%-5% 消费税 110,957,323.99 138,677,165.61 10%、8%、3%注 城建税 3,200,542.75 3,265,426.50 7% 所得税 1,024,257.00 -796,017.14 15%、27%、33% 个人所得税 225,833.19 844,330.23 --- 房产税 397,754.60 377,758.03 --- 土地增值税 5,760.38 7,508.26 --- 土地使用税 --- --- 合计 127,802,368.91 165,495,423.82 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 注:2006年3月21日,财政部、国家税务总局联合发出通知,对我国现行消费税的税目、税率进行调整。其中斜交轮胎的税率从原来的10%降到了3%,子午线轮胎继续实行免税政策,本次调整将从4月1日起开始执行。 1、超过法定纳税期限的应交税款: 税 种 金 额 (1) 增值税 23,424,805.13 其中: 上海天福房地产发展有限公司 650,943.40 上海大孚橡胶公司 13,760,727.64 上海轮胎橡胶(集团)泗泾橡胶有限公司 6,364,343.87 上海轮胎橡胶(集团)东海轮胎有限公司 2,648,790.22 (2) 消费税 108,066,498.23 其中: 上海大孚橡胶公司 6,707,363.79 上海轮胎橡胶(集团)泗泾橡胶有限公司 61,520,734.28 上海轮胎橡胶(集团)股份有限公司 38,271,633.25 上海轮胎橡胶(集团)东海轮胎有限公司 2,566,766.91 (3) 营业税 11,434,970.69 其中: 上海天福房地产发展有限公司 11,434,970.69 (4)城建税 2,527,682.16 其中: 上海大孚橡胶公司 2,493,548.15 上海轮胎橡胶(集团)东海轮胎有限公司 34,134.01 总计 145,453,956.21 (二十五)其他应交款 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 项目 期末数 年初数 计缴标准 教育费附加 2,640,714.66 2,814,462. 按应交增值税、营业税的3% 88 计缴 义务兵优待 14,213.23 342.54 泗泾按应交增值税、营业税的 金 1%计缴 堤防费 11,160.32 27,592.30 泗泾按应交增值税、营业税的 0.3%计缴 河道管理费 144,330.64 249,510.18 按应交增值税、营业税的0.5 %计缴 粮食风险基 --- 60,199.82 原子公司如皋投资按销售收入 金 的0.1%计缴 合计 2,810,418.85 3,152,107. 72 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (二十六)预提费用 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 类别 期末数 年初数 结存原因 利息 6,930,911.61 3,852,025.56 尚未支付的利息 仓储费 30,000.00 应由本期承担尚未支付 的费用 运输费 1,620,000.00 应由本期承担尚未支付 的费用 大修理费 219,434.75 应由本期承担尚未支付 的费用 水电费 3,386,759.01 应由本期承担尚未支付 的费用 佣金 2,026,493.57 应由本期承担尚未支付 的费用 其他 17,104,168.8 应由本期承担尚未支付 4 的费用 合计 31,317,767.7 3,852,025.56 8 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (二十七)一年内到期的长期负债 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 项目 期末数 年初数 信用借款 4,700,000.00 4,700,000.00 抵押借款(注) --- 保证借款 747,011,045.54 766,391,729.10 合计 751,711,045.54 771,091,729.10 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 注:见十/(二) 1、其中逾期借款: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 借款条件 金额 未按期偿还原因 中国农业银行上海市分行营 7,151,867.25 子公司未办理展期手续 业部 中国建设银行上海市支行 1,908,785.51 子公司未办理展期手续 中国建设银行上海市支行 1,099,031.07 子公司未办理展期手续 中国建设银行上海市支行 1,394,049.99 子公司未办理展期手续 中国建设银行上海市支行 1,802,330.58 子公司未办理展期手续 中国建设银行上海市支行 2,103,281.71 子公司未办理展期手续 中国建设银行上海市支行 5,809,924.79 子公司未办理展期手续 中国建设银行上海市支行 246,480.82 子公司未办理展期手续 中国建设银行上海市支行 142,643.76 子公司未办理展期手续 上海市化工局 4,700,000.00 子公司未办理展期手续 建行四支行 1,788,803.71 子公司未办理展期手续 合计 28,147,199.19 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (二十八)长期借款 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 借款条件 期末数 年初数 信用借款 3,291,700.65 3,292,560.00 保证借款 537,312,667.09 497,291,355.09 抵押借款 185,000,000.00 61,000,000.00 合计 725,604,367.74 561,583,915.09 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 注:其中外币借款的外币金额为: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 币种 外币金额 汇率 折合人民币 日元 38,176,190.00 0.069467 2,651,985.39 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 长期借款年末数比年初数增加164,020,452.65元,增加比例为29.21%,增加原因为:如皋50万套载重胎项目增加贷款174,000,000.00元,其余减少为子公司归还借款。 (二十九)长期应付款 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 种类 期末余额 年初余额 华谊集团 93,863,544.23 93,863,544.23 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (三十)专项应付款 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 拨款用途 期末数 年初数 新产品技术开发专项拨款 1,470,000.00 1,470,000.00 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (三十一)股本 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 期末数 比例% 年初数 比例% 1、未上市流通股份 发起人股份 601,751,722 67.66 617,767,722 69.46 其中: 国家持有股份 601,751,722 67.66 617,767,722 69.46 其中:国有股 589,841,461 66.32 605,857,461 68.12 国有法人股 11,910,261 1.34 11,910,261 1.34 境内法人持有股份 5,720,000 0.64 5,720,000 0.64 未上市流通股份合计 607,471,722 68.30 623,487,722 70.10 2、已上市流通股份 人民币普通股 38,896,000 4.37 22,880,000 2.57 境内上市的外资股 243,100,000 27.33 243,100,000 27.33 已上市流通股份合计 281,996,000 31.7 265,980,000 29.90 3、股份总数 889,467,722 100.00 889,467,722 100.00 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (三十二)资本公积 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 项目 年初数 本期增加 本期减少(注 期末数 ) 股本溢价 369,140,228 369,140,22 .50 8.50 外币资本折算差额 -389,760.00 -389,760.0 0 接受非现金捐赠资 113,484.77 113,484.77 产准备 股权投资准备(注1 84,170,121. 84,170,121 ) 25 .25 其他资本公积 95,456,618. 95,456,618 76 .76 关联方交易差价 35,766,373. 35,766,373 47 .47 合计 584,257,066 584,257,06 .75 6.75 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (三十三)盈余公积 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 项目 年初数 本期增加 本期减少(注 期末数 ) 法定盈余公积 23,129,868.8 23,129,868.8 1 1 公益金 13,026,472.9 13,026,472.9 9 9 任意盈余公积 4,631,528.64 4,631,528.64 合计 40,787,870.4 40,787,870.4 4 4 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (三十四)未确认投资损失 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 项目 期末数 年初数 121,338,556.08 121,612,130.30 其中: 上海大孚橡胶有限公司 118,485,667.38 114,728,351.03 上海制皂集团产品销售有限公司 2,706,204.28 2,953,306.37 上海制皂厂 --- 3,930,472.90 上海凌旭油脂储炼有限公司 146,684.42 --- 合计 121,338,556.08 121,612,130.30 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (三十五)未分配利润 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 项目 金额 提取或分配比例 年初未分配利润 87,412,709.03 --- 加:本期净利润 58,863,322.42 --- 加:盈余公积转入 加:资本公积转入 减:提取法定盈余公积 5% 提取法定公益金 5%-10% 提取职工奖励及福利基金 5% 提取任意盈余公积 10% 应付普通股股利(注) 44,473,386.10 期末未分配利润 101,802,645.35 --- ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 注:应付普通股股利系母公司根据2005年度股东大会决议向股东分配利润所致。 (三十六)主营业务收入、主营业务成本 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 项目 主营业务收入 主营业务成本 本期发生数 上年同期发 本期发生数 上年同期发 生数 生数 业 1.工业 3,542,051, 4,039,644, 3,259,226, 3,635,572, 务 185.90 431.59 250.85 184.17 分 2.商业 1,760,322, 254,892,68 1,706,614, 253,976,80 部 232.07 9.91 990.04 9.18 3.房地产业 1,770,300. 2,319,528. 887,480.39 1,694,046. 00 15 89 4.旅游饮食服务 1,734,337. 1,723,973. 270,335.08 319,111.11 业 50 09 小计 5,305,878, 4,298,580, 4,966,999, 3,891,562, 055.47 622.74 056.36 151.35 公司内各业务分 2,580,392, 1,990,549, 2,580,392, 1,990,549, 部相互抵销 557.72 274.61 557.72 274.61 合计 2,725,485, 2,308,031, 2,386,606, 1,901,012, 497.75 348.13 498.64 876.74 地 上海地区 5,305,878, 4,298,580, 4,966,999, 3,891,562, 区 055.47 622.74 056.36 151.35 分 其他地区 部 小计 5,305,878, 4,298,580, 4,966,999, 3,891,562, 055.47 622.74 056.36 151.35 公司内各地区分 2,580,392, 1,990,549, 2,580,392, 1,990,549, 部相互抵销 557.72 274.61 557.72 274.61 合计 2,725,485, 2,308,031, 2,386,606, 1,901,012, 497.75 348.13 498.64 876.74 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 1、公司向前五名客户销售总额为2,082,341,465.14 元,占公司本年全部主营业务收入的76.40%。 2、主营业务收入本期比去年同期增加417,454,149.62元,增加的比例为18.09%,增加的主要原因是60万套全钢胎项目投产后增加的主营业务收入。 (三十七)主营业务税金及附加: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 项目 计缴标准 本期发生数 上年同期发生数 营业税 5% 116,857.86 202,175.08 消费税 3%-10% 17,541,550.03 35,283,151.55 城建税 7% 1,164,083.89 1,612,595.11 教育费附加 3% 530,244.25 849,626.00 其他 --- 301.41 27,740.40 合计 --- 19,353,037.44 37,975,288.14 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (三十八)其他业务利润 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 类别 本期发生数 上年同期发生数 收入 成本 利润 收入 成本 利润 材料销 18,079,33 18,656, -577,23 12,684,2 12,184,76 499,456 售 3.69 566.24 2.55 20.06 3.86 .20 代理业 0.00 0.00 0.00 238,569. 36,117.40 202,451 务 00 .60 废料销 6,504,464 5,342,2 1,162,2 566,046. 140,214.9 425,831 售 .50 34.12 30.38 53 1 .62 加工业 6,484,125 8,149,8 -1,665, 4,396,05 3,562,176 833,879 务 .48 27.02 701.54 5.74 .57 .17 商标使 8,012,276 395,367 7,616,9 5,830,65 298,299.6 5,532,3 用费 .89 .65 09.24 9.11 8 59.43 租赁业 17,782,26 5,298,3 12,483, 18,251,1 5,447,385 12,803, 务 4.10 24.78 939.32 15.81 .26 730.55 半制品 56,491,85 54,155, 2,336,5 6,143,56 6,107,729 35,840. 销售 0.99 296.49 54.50 9.21 .05 16 技术服 6,400.00 355.20 6,044.8 33,000.0 1,831.50 31,168. 务 0 0 50 米其林 24,700,00 1,235,0 23,465, 19,000,0 950,000.0 18,050, 服务收 0.00 00.00 000.00 00.00 0 000.00 入 劳务收 4,343,308 3,098,0 1,245,2 1,181,45 566,073.8 615,385 入 .60 76.79 31.81 9.33 8 .45 其他 1,026,973 764,616 262,356 5,874,01 5,812,597 61,416. .22 .49 .73 4.84 .93 91 合计 143,430,9 97,095, 46,335, 74,198,7 35,107,19 39,091, 97.47 664.78 332.69 09.63 0.04 519.59 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 其他业务利润本期比去年同期增加7,243,813.10元,增加的比例为18.53%,增加的主要原因是米其林服务收入比去年同期增加所致。 占报告期利润总额10%(含10%)以上的其他业务: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 项目 本期收入 本期成本 本期利润 米其林服务收入 24,700,000.00 1,235,000.00 23,465,000.00 租赁业务 17,782,264.10 5,298,324.78 12,483,939.32 商标使用费 8,012,276.89 395,367.65 7,616,909.24 合计 50,494,540.99 6,928,692.43 43,565,848.56 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 上述其他业务利润,主要根据与上海米其林回力轮胎股份有限公司的协议向其提供、收取商标使用费5,000,000.00元、服务等收入24,700,000.00元、租赁收入900,000.00元及来自其他单位的商标使用收入和子公司租赁收入。 (三十九)财务费用 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 类别 本期发生数 上年同期发生数 利息支出 63,759,704.25 58,080,010.91 减:利息收入 4,605,389.62 3,299,311.84 汇兑损失 9,415,197.05 3,969,547.56 减:汇兑收益 6,012,651.13 1,321,404.20 其他 2,096087.08 2,025,543.97 合计 64,652,947.63 59,454,386.40 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 本期财务费用比去年同期增加5,198,561.23元,增加比例为8.74%,增加的主要原因系贷款增加和人民银行贷款利率调整及汇率变动所致。 (四十)投资收益 本期发生数: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 类别 股票投 债 成本 权益法 股权投 股权转 减值 合计 资收益 权 法下 下确认 资差额 让处置 准备 投 确认 的股权 摊销 收益 资 的股 投资收 收 权投 益 益 资收 益 短期 --- -- --- --- --- --- --- --- 投资 - 长期 44,015, 28255 -277728 -2,262 9,953,8 389,7 27,150 股权 822.07 22.11 83.71 ,044.6 82.97 92.24 ,091.0 投资 2 6 合计 44,015, 28255 -277728 -2,262 9,953,8 389,7 27,150 822.07 22.11 83.71 ,044.6 82.97 92.24 ,091.0 2 6 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 2、上年同期发生数: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 类别 股票投 债 成本法 权益法 股权 股权转让 减值 合计 资收益 权 下确认 下确认 投资 处置收益 准备 投 的股权 的股权 差额 资 投资收 投资收 摊销 收 益 益 益 短期 --- -- --- --- --- --- --- --- 投资 - 长期 1,080,0 -- 354,86 -22,408 -958, -1,251,7 -325, -23,50 股权 00.00 - 3.89 ,308.50 084.9 10.43 439.4 8,679. 投资 1 4 39 合计 1,080,0 -- 354,86 -22,408 -958, -1,251,7 -325, -23,50 00.00 - 3.89 ,308.50 084.9 10.43 439.4 8,679. 1 4 39 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 注:股票投资收益与去年同期相比增加42,935,822.07万元,增加比例为3,975.54%,增加的主要原因系本期转让公司持有浦发银行900万股法人股获得的净收益4,073万元。 3、本年度所获得的收益占报告期利润总额10%(含10%)以上的投资活动: 业 务 内 容 交 易 金 额 权益法下确认的股权投资收益 -27,772,883.71 法人股转让和股利收益 44,015,822.07 股权转让净收益 9,953,882.97 (四十一)补贴收入 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 内容 本期发生 上年同期发生 本期发生额说明来源依 数 数 据 地方财政扶持资金 995,000.0 1,189,192.00 上海市税务局等 0 合计 995,000.0 1,189,192.00 0 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (四十二)营业外收入 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 类别 本期发生数 上年同期发生数 固定资产清理净收益 172,884.55 73,629.78 赔偿及罚款收入 14,184.00 1,400.00 纪委上交款 1,590,754.82 固定资产盘盈 43,000.00 其他 5,544,973.32 80,951.08 合计 7,365,796.69 155,980.86 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 营业外收入本期比上年同期增加7,209,815.83元,增加的比例为4622.24%,增加的主要原因母子公司处置固定资产、无形资产净收益纪委上交款收入等较去年同期增长综合所致。 (四十三)营业外支出 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 类别 本期发生数 上年同期发生数 固定资产清理净损失 1,724,388.24 260,703.49 计提减值准备 -35,469.98 罚款支出 6,300.64 34,500.00 担保损失 3,321,911.65 安家支农、丧葬抚恤 235,910.15 199,096.39 捐赠 20,000.00 合计 1,966,599.03 3,800,741.55 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 营业外支出本年比上年数减少1,834,142.52元,减少比例为48.26%,减少的主要原因系去年同期为中国神马集团有限责任公司提供担保而承担的3,321,911.65元的担保损失。 (四十四)收到的其他与经营活动有关的现金436,982,187.55元 其中: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 项目 金额 单位往来 213,605,650.69 利息收入 4,550,435.72 杨浦区土地发展中心 125,978,500.00 其他 92,847,601.14 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (四十五)支付的其他与经营活动有关的现金 399,073,462.59元 主要为: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 项目 金额 单位往来 166,840,036.23 费用 165,408,879.83 其他 66,824,546.53 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (四十六)支付的其他与投资活动有关的现金 27,861,127.44元 主要是原子公司上海轮胎橡胶(集团)如皋投资有限公司本期退出合并所致。 七、母公司会计报表主要项目注释:(以下金额单位若未特别注明者均为人民币元,凡未注明年初数的均为年末数) (一)应收账款 1、账龄分析 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 账龄 期末数 年初数 账面余 占总 坏 坏账准备 账面余额 占总 坏 坏账准 额 额比 账 额比 账 备 例 准 例 准 备 备 计 计 提 提 比 比 例 例 1年以 833,349 99.4 5% 286,704,1 730,481, 99.4 5% 291,180 内( ,309.91 8% 49.72 255.55 6% ,610.03 注) 1-2 302,465 0.04 30% 90,739.56 254,148. 0.03 30% 76,244. 年 .21 % 12 % 44 2-3 1,385,4 0.16 50% 865,342.8 1,172,89 0.16 50% 759,040 年 98.25 % 2 3.57 % .48 3年以 2,682,3 0.32 100 2,682,341 2,575,47 0.35 100 2,575,4 上 41.15 % % .15 0.03 % % 70.03 合计 837,719 100. --- 290,342,5 734,483, 100. --- 294,591 ,614.52 00% 73.25 767.27 00% ,364.98 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 注:子公司上海轮胎橡胶(集团)供销有限公司净资产出现负数,故母公司对其应收账款257,757,436.44元按所占净资产份额计提坏账准备256,666,937.96元。子公司上海轮胎橡胶(集团)股份有限公司轮胎研究所净资产出现负数,故母公司对其应收账款计提坏账准备5,190,488.07元。 2、期末应收账款欠款金额前五名的累计总欠款金额为733,570,484.37 元,占应收账款总金额的87.57%。 3、本期全额计提坏账准备,或计提坏账准备比例达到40%及以上的说明: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 债务单位 金额 计提比例 账龄 上海轮胎橡胶(集团)供销有限 256,666,937.9 99.58% 1年以内 公司 6 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 4、上述之外应收账款按坏账准备计提政策:1年以内的应收账款计提5%坏账准备, 1-2年的应收账款计提30%坏账准备,2-3年的应收账款计提50%坏账准备,3年以上的应收账款计提100%的坏账准备。 5、年末应收账款中无持本公司5%以上(含5%)表决权股份的股东单位欠款。 (二)其他应收款 1、账龄分析 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 账龄 期末数 年初数 账面余额 占总 坏账准备 账面余额 占总额 坏账准备 额比 比例 例 1年以 422,639,61 57.15 …… 315,352,2 49.89% …… 内 3.66 % 56.45 1-2年 52,108,164 7.05% …… 52,108,16 8.24% …… .15 4.15 2-3年 44,841,080 6.06% …… 44,841,08 7.09% …… .27 0.27 3年以 219,892,63 29.74 19,461,67 219,892,6 34.78% 19,461,67 上 8.88 % 3.73 38.88 3.73 合计 739,481,49 100.0 19,461,67 632,194,1 100.00 19,461,67 6.96 0% 3.73 39.75 % 3.73 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 2、年末其他应收款欠款金额前五名的累计总欠款金额为475,815,273.13 元,占其他应收款总金额的比例为64.34%。 3、年度全额计提坏账准备,或计提坏账准备比例达到40%及以上的说明: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 欠款性质 欠款金额 计提比例 暂借款 10,538,272.93 100% 担保款 8,118,400.80 100% 预付款 805,000.00 100% 合计 19,461,673.73 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 4、期末金额较大的其他应收款: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 欠款单位名称 金额 性质或内容 上海双钱碧源置业有限公司 179,441,500.00 暂借款 土地置换款 152,297,829.03 注1 上海正兴房产有限公司应收 62,767,306.5848,000 暂借款注2 股权转让款 ,000.00 上海轮胎橡胶(集团)轮胎研 43,408,637.52 暂借款 究所 合计 485,915,273.13 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 注1:经2003年度第一次临时股东大会决议,同意将以下应收款项列入置换计划,故本年未计提坏账准备(详见附注十二/(二)) 注2:应收如皋投资公司股权转让款,截至报告日已收到1,700万元,余款3,100万元按约定在8月份到账。 5、期末其他应收款中无持本公司5%以上(含5%)表决权股份的股东单位欠款。 (三)长期投资 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 项目 期末数 年初数 账面余额 减值准备 账面余额 减值准备 长期股权投资 759,356,240. 12,466,344.0 861,699,514. 12,483,305 47 8 55 .46 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 1、长期股权投资 股票投资: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 被投资公司 股份 股票 占被 初始投 期末帐 减值准 年初帐 名称 类别 数量 投资 资成本 面余额 备 面余额 (股 公司 ) 注册 资本 比例 浦发银行 法人 …… 6,000,0 股 00.00 三九发展 法人 1,760 <5% 15,188. 15,188. 3,414. 15,188. 股 80 80 40 80 氯碱化工 法人 33,88 <5% 265,804 265,804 92,338 265,804 股 0 .00 .00 .40 .00 百联股份 法人 173,4 <5% 1,497,0 1,497,0 563,76 1,497,0 股 67 20.21 20.21 7.75 20.21 爱建股份 法人 208,3 <5% 700,000 700,000 …… 700,000 股 39 .00 .00 .00 上海石化 法人 200,0 <5% 600,000 600,000 …… 600,000 股 00 .00 .00 .00 锦江酒店 法人 8,541 <5% 9,000,0 9,000,0 …… 9,000,0 股 ,951 00.00 00.00 00.00 锦江酒店 -786,58 -786,58 5.58 5.58 小计 …… …… 11,291, 11,291, 659,52 18,078, 427.43 427.43 0.55 013.01 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (2)其他股权投资: A、成本法核算的股权投资: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 被投资单位名称 占被投资单位 年初余 本年投资 期末帐面 注册资本比例 额 增减额 余额 上海钢丝厂技术开发公司( 2.00% 31,905. …… 31,905.2 注1) 29 9 上海森懋实业公司 17.00% 2,076,0 …… 2,076,06 61.94 1.94 中国北美轮胎销售公司 44.00% 3,606,7 …… 3,606,72 24.44 4.44 辽宁上海轮胎橡胶联营公 50.00% 500,000 …… 500,000. 司(注1) .00 00 上海长银工茂公司(注1) …… 1,000,0 …… 1,000,00 00.00 0.00 远东经济实业总公司(注1 3.00% 30,000. …… 30,000.0 ) 00 0 中国中联橡胶总公司 …… 1,050,0 …… 1,050,00 00.00 0.00 上海化工工程技术咨询监 12.50% 150,000 …… 150,000. 理公司 .00 00 上海文化实业总公司(注1 7.50% 1,500,0 …… 1,500,00 ) 00.00 0.00 上海生生轮胎模具有限公 15.00% 600,000 …… 600,000. 司 .00 00 交通银行 <5% 1,900,0 …… 1,900,00 00.00 0.00 申银万国证券股份有限公 <5% 12,500, …… 12,500,0 司公司(注3) 000.00 00.00 长江经济联合发展(集团 <5% 2,800,0 …… 2,800,00 )股份有限公司 00.00 0.00 上海国际信托投资公司 <5% 23,333, …… 23,333,3 300.00 00.00 海通证券股份有限公司 <5% 10,200, …… 10,200,0 000.00 00.00 上海宝鼎投资股份有限公 <5% 625,000 …… 625,000. 司 .00 00 小计 …… 61,902, 61,902,9 991.67 91.67 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 注1:已计提减值准备,账面净额为零。 注2:股权转让。 注3:计提40%的减值准备。 B. 权益法核算的对子公司股权投资: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 投 占 年 本年权益增减额 年末余额 资 被 初 本 其中 初 累 合 单 投 余 年 始 计 计 位 资 额 合 投 增 名 单 计 资 减 称 位 投资 确 投资 差额 注 成本 认 准备 摊销 册 收 资 益 本 比 例 上 60 179 -7, 9,90 -1 -1,2 180,000,000.00 -7,7 172 海 .0 ,72 459 7,39 6, 63,4 38,7 ,26 制 0% 1,0 ,89 4.14 10 49.2 96.5 1,2 皂( 98. 5.5 3, 6 8 03. 集 94 2 84 42 团) 0. 有 40 限 公 司 上 10 1,5 -1, …… -1 …… …… 30,000,000.00 -30, 海 0. 70, 570 ,5 000, 轮 00 146 ,14 70 000. 胎 % .86 6.8 ,1 00 橡 6 46 胶 .8 ( 6 集 团 ) 股 份 有 限 公 司 轮 胎 研 究 所 上 81 68, -68 -68, …… 71,600,000.00 -71, 海 .8 538 ,53 538, 600, 轮 3% ,92 8,9 929. 000. 胎 9.2 29. 24 00 橡 4 24 胶 ( 集 团 ) 如 皋 投 资 有 限 公 司 上 51 148 6,1 6, …… 155,036,890.00 2,44 155 海 .6 ,93 08, 10 0.91 ,03 轮 7% 1,0 261 8, 9,3 胎 68. .95 26 30. 橡 96 1. 91 胶 95 ( 集 团 ) 如 皋 有 限 公 司 上 90 … … …… … …… …… 19,000,000.00 -19, … 海 .4 … … … 000, … 轮 8% 000. 胎 00 橡 胶 ( 集 团 ) 供 销 有 限 公 司 ( 注1 ) 上 90 -3, … …… … …… …… 33,000,000.00 -36, -3, 海 .0 670 … … 670, 670 大 0% ,00 000. ,00 孚 0.0 00 0.0 橡 0 0 胶 有 限 公 司 ( 注5 ) 上 90 47, 2,9 …… 2, …… …… 131,022,000.00 -80, 50, 海 .0 914 35, 93 172, 849 欣 0% ,15 621 5, 226. ,77 业 1.7 .51 62 72 3.2 实 7 1. 8 业 51 有 限 公 司 上 79 7,2 3,0 …… 3, …… …… 22,736,735.00 -12, 10, 海 .7 71, 37, 03 428, 308 轮 5% 558 037 7, 139. ,59 胎 .96 .02 03 02 5.9 橡 7. 8 胶 02 ( 集 团 ) 泗 泾 橡 胶 有 限 公 司 上 65 33, 74, …… 74 …… …… 9,542,000.00 24,5 34, 海 .0 999 517 ,5 31,5 073 轮 0% ,07 .96 17 97.6 ,59 胎 9.6 .9 1 7.6 橡 5 6 1 胶 ( 集 团 ) 东 海 轮 胎 有 限 公 司 上 90 9,0 … …… … …… …… 9,000,000.00 …… 9,0 海 .0 00, … … 00, 双 0% 000 000 钱 .00 .00 碧 源 置 业 有 限 公 司 海 90 3,2 … …… … …… …… 1,800,000.00 1,43 3,2 口 .0 39, … … 9,42 39, 浮 0% 420 0.82 420 华 .82 .82 轮 胎 销 售 公 司 上 43 -3, … …… … …… …… 22,497,487.86 -26, -3, 海 .6 767 … … 264, 767 轮 8% ,29 786. ,29 胎 8.5 39 8.5 橡 3 3 胶 机 械 模 具 有 限 公 司 ( 注5 ) 上 59 3,7 456 500, -4 …… …… 3,300,000.00 858, 4,1 海 .6 01, ,87 000. 3, 223. 58, 轮 7% 352 1.1 00 12 38 223 胎 .26 2 8. .38 橡 88 胶 ( 集 团 ) 联 营 公 司 上 94 … … …… … …… …… 8,000,000.00 -8,0 … 海 .1 … … … 00,0 … 橡 2% 00.0 胶 0 工 业 供 销 公 司 ( 注1 ) 厦 10 2,2 … …… … …… …… 1,600,000.00 646, 2,2 门 0. 46, … … 557. 46, 回 00 557 67 557 力 % .67 .67 工 贸 公 司 ( 注2 ) 海 10 460 … …… … …… …… 900,000.00 -439 460 南 0. ,70 … … ,292 ,70 回 00 7.1 .81 7.1 力 % 9 9 工 贸 公 司 ( 注2 ) 美 70 1,0 -16 -16, … …… …… 1,218,280.00 -196 1,0 国S .0 38, ,96 961. … ,373 21, HAN 0% 868 1.3 38 .26 906 GHA .12 8 .74 IT. R.T .R 公 司 ( 注2 ) 上 80 92, 5,3 5, …… …… 80,000.00 17,7 97, 轮 .0 459 17. 31 77.2 777 劳 0% .90 31 7. 1 .21 动 31 服 务 有 限 公 司 ( 注3 ) 小 500 -64 -58, -5 -1,2 700,333,392.86 -265 435 计 ,28 ,96 148, ,5 63,4 ,013 ,31 8,1 8,3 496. 56 49.2 ,597 9,7 01. 06. 48 ,3 6 .18 95. 81 13 60 68 .3 9 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 注1:被投资公司的净资产负数,长期投资核算至零。 注2:已全额计提减值准备。 注3:本年新增投资。 注4:股权转让。 注5:被投资公司的净资产负数,长期投资按合并范围控制比例核算。 注6:法院破产程序终结注销。 C.权益法核算的对联营企业股权投资: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 被 占 年初 本年权益增减额 年末余额 投 被 余额 本年 其中 初 累 合 资 投 合计 始 计 计 单 资 投 增 位 单 资 减 名 位 投资 确 差 分 称 注 成本 认 额 得 册 收 摊 利 资 益 销 润 本 比 例 泰 40 4,94 …… …… … … … 6,927,680.00 -1, 4,94 国 .0 5,20 … … … 982 5,20 华 0% 9.23 ,47 9.23 泰 0.7 橡 7 胶 公 司 上 40 102, -24, …… -24 … 90,247,200.00 -13 77,1 海 .0 029, 867, ,86 … ,08 62,1 新 0% 480. 323. 7,3 5,0 56.5 轮 32 82 23. 43. 0 联 82 50 合 发 展 有 限 公 司 上 28 105, -5,9 -5, -46 274,415,680.00 -17 99,6 海 .4 610, 98,4 533 4,9 4,8 12,4 米 9% 895. 23.5 ,44 77. 03, 71.6 其 12 1 6.2 28 208 1 林 3 .39 回 力 轮 胎 有 限 公 司 ( 注 4 ) 上 49 568, -8,4 …… 740 -9, 1,038,800.00 -47 559, 海 .0 356. 31.2 .23 171 8,8 925. 钢 0% 37 6 .49 74. 11 丝 89 厂 浦 东 拉 丝 模 厂 上 22 …… …… …… … … … 10,989,306.82 -10 …… 海 .4 … … … ,98 神 7% 9,3 马 06. 帘 82 子 布 有 限 公 司 ( 注 1 ) 上 40 15,7 …… …… … … … 39,191.22 -23 15,7 海 .0 46.6 … … … ,44 46.6 钢 0% 4 4.5 4 丝 8 厂 工 贸 公 司 ( 注 2 ) 上 30 7,26 -601 -60 … … 7,000,000.00 -34 6,65 海 .4 0,72 ,236 1,2 … … 0,5 9,48 巴 3% 0.38 .52 36. 16. 3.86 士 52 14 交 大 网 球 俱 乐 部 有 限 公 司 ( 注 3) 上 35 61,0 887, 887 … … 61,000,000.00 887 61,8 海 .0 00,0 032. ,03 … … ,03 87,0 双 6% 00.0 74 2.7 2.7 32.7 钱 0 4 4 4 轮 胎 销 售 有 限 公 司 ( 注 3 ) 小 … 281, -30, -30 -47 451,657,858.04 -20 250, 计 … 430, 588, ,11 4,1 0,8 842, 408. 382. 4,2 48. 15, 025. 06 37 33. 77 832 69 60 .35 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 注1:被投资公司的净资产负数,长期投资核算至零。 注2:已全额计提减值准备。 注3:本年新增投资。 注4:本年追加投资。 D.其中:股权投资差额: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 被投资单位名称 初始金额 形成 摊销 年初余额 本年摊 年末余额 原因 期限 销额 上海米其林回力轮 9,299,54 购置 10年 4,882,26 464,97 4,417,28 胎有限公司 5.57 股权 1.41 7.28 4.13 上海钢丝厂浦东拉 183,429. 兼并 10年 55,028.9 9,171. 45,857.4 丝模厂 84 8 49 9 上海制皂(集团)有 25,268,9 购置 10年 14,950,8 1,263, 13,687,3 限公司 85.30 股权 16.30 449.26 67.04 小计 34,751,9 19,888,1 1,737, 18,150,5 60.71 06.69 598.03 08.66 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 2、长期投资减值准备 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 被投资单位名称 年初数 本年增加 本年减少 年末数 股票投资 659,520.55 659,520.5 5 申银万国证券股份有限 5,000,000. …… 5,000,000 公司公司 00 .00 上海钢丝厂技术开发公 31,905.29 …… …… 31,905.29 司 辽宁上海轮胎橡胶联营 500,000.00 …… …… 500,000.0 公司 0 上海长银工茂公司 1,000,000. …… …… 1,000,000 00 .00 远东经济实业总公司 30,000.00 …… …… 30,000.00 上海文化实业总公司 1,500,000. …… …… 1,500,000 00 .00 上海钢丝厂工贸公司 15,746.64 …… …… 15,746.64 厦门回力工贸公司 2,246,557. …… …… 2,246,557 67 .67 海南回力工贸公司 460,707.19 …… …… 460,707.1 9 美国SHANGHAIT.R.T.R 1,038,868. …… 16,961.38 1,021,906 公司 12 .74 小计 12,483,305 16,961.38 12,466,34 .46 4.08 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (四)主营业务收入及主营业务成本: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 项目 主营业务收入 主营业务成本 本期发生数 上年同期发生 本期发生数 上年同期发生 数 数 工业 2,236,278,733 1,667,310,08 2,077,420,19 1,443,121,16 .86 2.80 3.75 5.49 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 主营业务收入本期比去年同期增加568,968,651.06元,增加的比例为34.12%,增加的主要原因是母公司60万套、20万套全钢胎项目全面投产而增加的主营业务收入。 (五)管理费用: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 别 本期发生金额 去年同期发生金额 本期比去年同期增减 管理费用 63,351,388.41 38,457,158.53 24,894,229.88 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 本期比去年同期增加24,894,229.88元,增加的主要原因为: 公司全资子公司供销公司本期盈利1,102.64万元,母公司冲减历年来对其计提的坏帐准备而使管理费用下降;而去年同期此因素冲减管理费用3873.25万元,二者相差2,770.61万元,这是本期管理费用比去年同期增加的主要原因。 (六)投资收益: 本期发生数: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 类别 股票投 成本法下 权益法 股权投 股权转 减值准 合计 资收益 确认的股 下确认 资差额 让收益 备 权投资收 的股权 摊销 益 投资收 益 长期 43,935 2585827. -35,680 -1,737, 9,953, 16,961 19,073, 股权 ,083.6 79 ,593.99 598.03 882.97 .38 563.77 投资 5 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 2、上年同期发生数: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 类别 股票投 成本 权益法下 股权 股权转 减值 合计 资收益 法下 确认的股 投资 让收益 准备 确认 权投资收 差额 的股 益 摊销 权投 资收 益 长期 1,080,0 -38,252,3 -4,357 -41,529,913 股权 00.00 27.16 ,586.8 .96 投资 0 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 注:股票投资收益与去年同期相比增加42,855,083.65元,增加比例为3,968.06%,增加的主要原因系本期转让公司持有浦发银行900万股法人股获得的净收益4,073万元。 3、本年度所获得的收益占报告期利润总额10%(含10%)以上的投资活动: 业 务 内 容 交 易 金 额 权益法下确认的股权投资收益 -33,094,766.20 法人股转让和股利收益 43,935,083.65 股权转让净收益 9,953,882.97 注:权益法下确认的投资收益详见七、母公司会计报表主要项目注释附注(三)/1/(2)/B、C本期权益增减额-确认收益。 八、关联方关系及其交易: 存在控制关系的关联方情况: 1、存在控制关系的关联方 (1)控制本公司的关联方: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 企业名称 注册地址 主营业务 与本企业 经济性质或类 法定代 关系 型 表人 上海华谊(集 徐家汇路 授权范围 控股 国有企业(非 张培璋 团)公司 560号 内的国有 公司法人) 资产经营 与管理 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (2)受本公司控制的关联方: 详见附注四。 1、控制关系的关联方的注册资本及其变化(金额单位:元): ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 企业名称 年初数 本年增 本年减 年末数 加 少 上海华谊(集团)公司 3,281,080 --- --- 3,281,080 ,000.00 ,000.00 上海制皂(集团)有限公司 160,690,0 --- --- 160,690,0 00.00 00.00 上海轮胎橡胶(集团)股份公 30,000,00 --- --- 30,000,00 司轮胎研究所 0.00 0.00 上海轮胎橡胶(集团)如皋投 87,500,00 --- --- 资有限公司注3 0.00 上海轮胎橡胶(集团)如皋有 USD34,705 USD1,56 USD36,270 限公司注4 ,819.00 4,181.0 ,000.00 0 上海轮胎橡胶(集团)供销有限 21,000,00 --- 21,000,00 公司 0.00 0.00 上海大孚橡胶有限公司 36,670,00 --- --- 36,670,00 0.00 0.00 上海欣业实业有限公司 145,580,0 --- --- 145,580,0 00.00 00.00 上海轮胎橡胶(集团)泗泾橡 28,510,00 --- --- 28,510,00 胶有限公司 0.00 0.00 上海轮胎橡胶(集团)东海轮 14,680,00 --- --- 14,680,00 胎有限公司 0.00 0.00 上海双钱碧源置业有限公司 10,000,00 --- --- 10,000,00 0.00 0.00 海口孚华轮胎销售公司 2,000,000 --- --- 2,000,000 .00 .00 上海轮胎橡胶机械模具有限公 18,000,00 --- --- 18,000,00 司 0.00 0.00 上海轮胎橡胶(集团)联营公 5,070,000 --- --- 5,070,000 司 .00 .00 上海橡胶工业供销公司 8,500,000 --- --- 8,500,000 .00 .00 厦门回力工贸公司 1,600,000 --- --- 1,600,000 .00 .00 海南回力工贸公司 900,000.0 --- --- 900,000.0 0 0 美国SHANGHAIT.R.T.R公司 USD200,00 --- --- USD200,00 0.00 0.00 上轮劳动服务有限公司 100,000.0 --- 100,000.0 0 0 上海轮胎橡胶(集团)公司房 20,000,00 --- --- 20,000,00 地产开发经营公司 0.00 0.00 上海天福房地产发展有限公司 USD11,400 --- --- USD11,400 ,000.00 ,000.00 上海爱化测试仪器维修站 30,000.00 --- --- 30,000.00 深圳上轮贸易有限公司 1,100,000 --- --- 1,100,000 .00 .00 上海上联化工实业公司 3,810,000 --- --- 3,810,000 .00 .00 上海正力橡胶工贸公司 1,004,000 --- --- 1,004,000 .00 .00 上海碳酸钙厂 1,082,000 --- --- 1,082,000 .00 .00 上海总联橡胶实业公司 1,060,000 --- --- 1,060,000 .00 .00 上海正华工贸公司 1,000,000 --- --- 1,000,000 .00 .00 上海欣业广告公司 500,000.0 --- --- 500,000.0 0 0 上海欣明橡胶厂 1,500,000 --- --- 1,500,000 .00 .00 上海宝轮实业公司 500,000.0 --- --- 500,000.0 0 0 上海敦信贸易有限公司 1,800,000 --- --- 1,800,000 .00 .00 上海泰华出租公司 3,500,000 --- --- 3,500,000 .00 .00 上海华轮贸易有限公司 1,700,000 --- --- 1,700,000 .00 .00 上海回力宾馆 4,000,000 --- --- 4,000,000 .00 .00 上海双力物业管理有限公司 500,000.0 --- --- 500,000.0 0 0 上海龙泰精细橡胶公司 11,250,00 --- --- 11,250,00 0.00 0.00 上海福浦橡胶有限公司 3,000,000 --- --- 3,000,000 .00 .00 上海轮胎橡胶(集团)房屋交 500,000.0 --- --- 500,000.0 换部 0 0 天开计算机系统有限公司 1,000,000 --- --- 1,000,000 .00 .00 上海白象天鹅电池有限公司 35,000,00 --- --- 35,000,00 0.00 0.00 上海制皂集团产品销售有限公 10,000,00 --- --- 10,000,00 司 0.00 0.00 上海制皂厂 94,360,00 --- --- 94,360,00 0.00 0.00 上海油墨厂 17,282,00 --- --- 17,282,00 0.00 0.00 上海凌旭油脂储炼有限公司 USD700,00 --- --- USD700,00 0.00 0.00 上海牡丹油墨有限公司 85,000,00 --- --- 85,000,00 0.00 0.00 上海克勒色母粒化工有限公司 USD3,000, --- --- USD3,000, 000.00 000.00 四川克勒联营公司 2,000,000 --- --- 2,000,000 .00 .00 上海制皂(绵阳)有限公司 4,000,000 --- --- 4,000,000 .00 .00 上海制皂有限公司 USD41,950 --- --- USD41,950 ,000.00 ,000.00 上海欣兴贸易公司 600,000.0 --- --- 600,000.0 0 0 Moltechpowersystemsinc. USD10,000 --- --- USD10,000 .00 .00 默特克电源(上海)有限公司 USD18,505 USD18,505 注1 ,000.00 ,000.00 默特克电源(如皋)有限公司 USD9,300, --- --- USD9,300, 注2 000.00 000.00 MoltechHoldingsCorporation USD50,000 --- --- USD50,000 .00 .00 MoltechpowersystemsEuropean USD233,00 --- --- USD233,00 operations 0.00 0.00 上海浦东四达花园注4 15,925,00 16,575, 32,500,00 0.00 000.00 0.00 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 注1:注册资本USD25,000,000.00元,实到USD18,505,000.00元。 注2:注册资本USD12,000,000.00元,实到USD9,300,000.00元。 注3:本期股权转让。 注4:本期追加投资。 2、存在控制关系的关联方所持股份及其变化(金额单位:元) ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 企业名称 年初数 本年增 本年减 年末数 加数 少 金额 % 金额 金额 金额 % 上海华谊(集团)公司 605,857 68 --- 16,016, 589,841 66 ,461.00 .1 000.00 ,461.00 .3 1 1 上海制皂(集团)有限公 96,414, 60 --- --- 96,414, 60 司 000.00 .0 000.00 .0 0 0 上海轮胎橡胶(集团)股 30,000, 10 --- --- 30,000, 10 份公司轮胎研究所 000.00 0. 000.00 0. 00 00 上海轮胎橡胶(集团)如 71,600, 81 --- 71,600, --- 皋投资有限公司注1 000.00 .8 000.00 3 上海轮胎橡胶(集团)如 USD27,2 75 USD1,56 USD36,2 51 皋有限公司注2 02,500. .0 4,181.0 70,000. .6 00 0 0 00 7 上海轮胎橡胶(集团)供销 21,000, 10 --- --- 21,000, 10 有限公司 000.00 0. 000.00 0. 00 00 上海大孚橡胶有限公司 36,670, 10 --- --- 36,670, 10 000.00 0. 000.00 0. 00 00 上海欣业实业有限公司 145,580 10 --- --- 145,580 10 ,000.00 0. ,000.00 0. 00 00 上海轮胎橡胶(集团)泗 22,736, 79 --- --- 22,736, 79 泾橡胶有限公司 725.00 .7 725.00 .7 5 5 上海轮胎橡胶(集团)东 9,542,0 65 --- --- 9,542,0 65 海轮胎有限公司 00.00 .0 00.00 .0 0 0 上海双钱碧源置业有限公 9,000,0 90 --- --- 9,000,0 90 司 00.00 .0 00.00 .0 0 0 海口孚华轮胎销售公司 1,800,0 90 --- --- 1,800,0 90 00.00 .0 00.00 .0 0 0 上海轮胎橡胶机械模具有 9,180,0 51 --- --- 9,180,0 51 限公司 00.00 .0 00.00 .0 0 0 上海轮胎橡胶(集团)联 3,869,9 69 --- --- 3,869,9 69 营公司 14.00 .6 14.00 .6 2 2 上海橡胶工业供销公司 8,000,0 94 --- --- 8,000,0 94 00.00 .1 00.00 .1 2 2 厦门回力工贸公司 1,600,0 10 --- --- 1,600,0 10 00.00 0. 00.00 0. 00 00 海南回力工贸公司 900,000 10 --- --- 900,000 10 .00 0. .00 0. 00 00 美国SHANGHAIT.R.T.R公 USD140, 70 --- --- USD140, 70 司 000.00 .0 000.00 .0 0 0 上轮劳动服务有限公司 80,000. 80 --- 80,000. 80 00 .0 00 .0 0 0 上海轮胎橡胶(集团)公 20,000, 10 --- --- 20,000, 10 司房地产开发经营公司 000.00 0. 000.00 0. 00 00 上海天福房地产发展有限 USD6,84 60 --- --- USD6,84 60 公司 0,000.0 .0 0,000.0 .0 0 0 0 0 上海爱化测试仪器维修站 30,000. 10 --- --- 30,000. 10 00 0. 00 0. 00 00 深圳上轮贸易有限公司 1,100,0 10 --- --- 1,100,0 10 00.00 0. 00.00 0. 00 00 上海上联化工实业公司 3,810,0 10 --- --- 3,810,0 10 00.00 0. 00.00 0. 00 00 上海正力橡胶工贸公司 1,004,0 10 --- --- 1,004,0 10 00.00 0. 00.00 0. 00 00 上海碳酸钙厂 1,082,0 10 --- --- 1,082,0 10 00.00 0. 00.00 0. 00 00 上海总联橡胶实业公司 1,060,0 10 --- --- 1,060,0 10 00.00 0. 00.00 0. 00 00 上海正华工贸公司 1,000,0 10 --- --- 1,000,0 10 00.00 0. 00.00 0. 00 00 上海欣业广告公司 500,000 10 --- --- 500,000 10 .00 0. .00 0. 00 00 上海欣明橡胶厂 1,420,0 94 --- --- 1,420,0 94 50.00 .6 50.00 .6 7 7 上海宝轮实业公司 400,000 80 --- --- 400,000 80 .00 .0 .00 .0 0 0 上海敦信贸易有限公司 1,499,9 83 --- --- 1,499,9 83 40.00 .3 40.00 .3 3 3 上海泰华出租公司 3,150,0 90 --- --- 3,150,0 90 00.00 .0 00.00 .0 0 0 上海华轮贸易有限公司 1,500,0 88 --- --- 1,500,0 88 80.00 .2 80.00 .2 4 4 上海回力宾馆 3,200,0 80 --- --- 3,200,0 80 00.00 .0 00.00 .0 0 0 上海双力物业管理有限公 450,000 90 --- --- 450,000 90 司 .00 .0 .00 .0 0 0 上海龙泰精细橡胶公司 6,000,0 53 --- --- 6,000,0 53 00.00 .3 00.00 .3 3 3 上海福浦橡胶有限公司 2,400,0 80 --- --- 2,400,0 80 00.00 .0 00.00 .0 0 0 上海轮胎橡胶(集团)房 500,000 10 --- --- 500,000 10 屋交换部 .00 0. .00 0. 00 00 天开计算机系统有限公司 800,000 80 --- --- 800,000 80 .00 .0 .00 .0 0 0 上海白象天鹅电池有限公 35,000, 10 --- --- 35,000, 10 司 000.00 0. 000.00 0. 00 00 上海制皂集团产品销售有 10,000, 10 --- --- 10,000, 10 限公司 000.00 0. 000.00 0. 00 00 上海制皂厂 94,360, 10 --- --- 94,360, 10 000.00 0. 000.00 0. 00 00 上海油墨厂 17,282, 10 --- --- 17,282, 10 000.00 0. 000.00 0. 00 00 上海凌旭油脂储炼有限公 USD456, 65 --- --- USD456, 65 司 890.00 .2 890.00 .2 7 7 上海牡丹油墨有限公司 85,000, 10 --- --- 85,000, 10 000.00 0. 000.00 0. 00 00 MoltechHoldingsCorpora USD35,0 70 --- --- USD35,0 70 tion 00.00 .0 00.00 .0 0 0 上海克勒色母粒化工有限 USD1,80 60 --- --- USD1,80 60 公司 0,000.0 .0 0,000.0 .0 0 0 0 0 四川克勒联营公司 1,020,0 51 --- --- 1,020,0 51 00.00 .0 00.00 .0 0 0 上海制皂(绵阳)有限公 2,200,0 55 --- --- 2,200,0 55 司 00.00 .0 00.00 .0 0 0 上海制皂有限公司 USD31,4 75 --- --- USD31,4 75 62,500. .0 62,500. .0 00 0 00 0 默特克电源(上海)有限 USD18,5 10 USD18,5 10 公司 05,000. 0. 05,000. 0. 00 00 00 00 上海欣兴贸易公司 600,000 10 --- --- 600,000 10 .00 0. .00 0. 00 00 默特克电源(如皋)有限 USD9,30 10 --- --- USD9,30 10 公司 0,000.0 0. 0,000.0 0. 0 00 0 00 Moltechpowersystemsinc USD10,0 10 --- --- USD10,0 10 . 00.00 0. 00.00 0. 00 00 MoltechpowersystemsEur USD233, 10 --- --- USD233, 10 opeanoperations 000.00 0. 000.00 0. 00 00 上海浦东四达花园拄2 15,925, 49 16,575, 32,500, 10 000.00 .0 000.00 000.00 0. 0 00 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 注1:本期股权转让。 注2:本期追加投资。 (二)不存在控制关系的关联方情况: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 企业名称 与本公司的关系 上海橡胶助剂厂 同受母公司控制 上海焦化有限公司 同受母公司控制 上海正兴房地产有限公司 联营企业 上海神马帘子布有限公司 联营企业 上海森懋实业有限公司 联营企业 ChinaManufacturersAlliance,LLC(中国北美轮胎 联营企业 销售公司) 上海米其林回力轮胎股份有限公司 联营企业 上海沪轮轮胎橡胶有限公司 联营企业 上海制皂(集团)如皋有限公司 联营企业 上海敦煌制罐厂 联营企业 上海奉平民政实业有限公司华利颜料厂 联营企业 上海敦信贸易有限公司 联营企业 上海碳酸钙厂 联营企业 上海科欣化学助剂有限公司 联营企业 上海生生轮胎模具有限公司 联营企业 泰国华泰橡胶公司 联营企业 上海制皂厂海南联合分厂 联营企业 上海橡机一厂 联营企业 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 上海双钱轮胎销售有限公司 联营企业 (三)关联方交易: 1、存在控制关系且已纳入本公司合并会计报表范围的子公司,其相互间交易及母子公司交易已作抵销。 2、向关联方采购货物: 交易规模: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 企业名称 本年度金额 上年度金额 上海碳酸钙厂 84,885.32 85,200.00 泰国华泰橡胶公司 1,390,618.67 36,981,573.75 上海米其林回力轮胎股份有限 482,126.90 公司 上海焦化有限公司 29,589,315.85 30,426,190.68 上海奉平民政实业有限公司华 1,202,633.40 8,274,762.99 利颜料厂 上海橡胶助剂厂 681,480.00 685,647.00 上海制皂(集团)如皋有限公司 63,846,442.10 11,439,244.61 合计 97,277,502.24 87,892,619.03 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (2)采购价格的确定依据为市场价。 3、向关联方销售货物: (1)交易规模: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 企业名称 本年度金额 上年度金额 ChinaManufacturersAlliance,LLC( USD56,093,173.7 USD34,319,024. 中国北美轮胎销售公司) 3 01 上海米其林回力轮胎股份有限公司 30,599,999.98 30,200,132.78 上海轮胎橡胶(集团)联营公司 230,700.00 上海沪轮轮胎橡胶有限公司 2,663,412.14 1,756,297.45 上海奉平民政实业有限公司华利颜料 1,000,000 6,223,805.30 厂 上海双钱轮胎销售有限公司 1,546,562,670.6 6 上海制皂(集团)如皋有限公司 12,957,474.47 --- 美元小计 USD56,093,173.7 USD34,319,024. 3 01 人民币小计 1,594,014,257.2 38,180,235.38 5 合计 1,942,867,744.0 322,221,637.60 1 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 关联方交易价格的确定依据为市场价。 4、关联方往来款项余额: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 项目 金额 本年金额 上年金额 应收帐款: 上海制皂厂海南联合日化分厂 572,351.94 572,351.94 中国北美轮胎销售公司 348,853,486.76 282,824,366.06 上海制皂(绵阳)有限公司 --- 264,624.00 上海正力橡胶工贸公司 1,403,628.66 1,403,628.66 上海正华工贸公司 306,022.91 306,022.91 上海华轮贸易有限公司 3,318,657.07 海南回力工贸公司 1,603,185.50 2,434,929.66 上海敦信贸易有限公司 524,818.45 上海福浦橡胶有限公司 347,410.58 347,410.58 上海制皂(集团)如皋有限公司 12,957,474.47 40,595,851.73 厦门回力工贸公司 319,105.60 小计 366,043,560.82 332,911,766.66 其他应收款: 海南回力工贸公司 100,946.83 100,946.83 上海宝轮实业公司 142,925.82 142,925.82 上海奉平民政实业有限公司华利 1,000,000.00 1,000,000.00 颜料厂 上海沪轮橡胶有限公司 --- 上海华轮贸易有限公司 --- 上海回力宾馆 2,457,370.76 2,453,795.19 上海克勒艺术雕刻有限公司 921,252.10 上海龙泰精细橡胶公司 49,004,727.62 49,699,806.60 上海轮胎橡胶机械模具有限公司 19,891,738.72 17,519,908.72 上海森懋实业公司 408,061.47 411,696.45 上海上联化工实业公司 1,311,253.70 1,311,253.70 上海神马帘子布有限公司 128,599.50 128,599.50 上海碳酸钙厂 1,692,321.49 1,772,320.49 上海橡胶工业供销公司 716,073.00 618,573.00 上海正华工贸公司 1,599,198.40 1,599,198.40 上海正力橡胶工贸公司 72,827.41 72,827.41 上海正兴房产有限公司(注) 62,767,306.58 62,880,076.98 上海制皂(集团)如皋有限公司 2,760,789.43 12,229,674.09 上海制皂(绵阳)有限公司 19,564.64 --- 上海总联橡胶实业公司 14,325,630.38 14,325,630.38 厦门回力工贸公司 3,688.30 3,688.30 上海轮胎橡胶(集团)房屋交换 13,723.38 部 上海敦煌制罐厂 320,650.14 320,650.14 上海欣兴贸易有限公司 92,170.00 小计 158,723,674.19 167,618,717.48 预付账款: 泰国华泰橡胶公司 13,444,436.71 小计 13,444,436.71 应付账款 上海天开计算机系统有限公司 529,107.72 529,107.72 上海敦煌制罐厂 1,123,387.00 上海福浦橡胶有限公司 8,690.29 8,690.29 上海奉平民政实业有限公司华利 1,202,633.40 --- 颜料厂 上海科欣化学助剂有限公司 101,357.58 上海橡胶一厂 235,796.30 上海制皂(绵阳)有限公司 353,328.00 上海制皂(集团)如皋有限公司 27,429,769.83 572,507.87 上海焦化有限公司 34,619,499.55 6,728,327.50 上海助剂厂 681,480.00 147,728.23 上海碳酸钙厂 99,315.83 55,099.73 上海爱化测试仪器维修站 7,000.00 上海轮胎橡胶机械模具有限公司 200,000.00 上海正兴房地产有限公司 664,829.39 小计 64,570,496.62 10,727,159.61 其他应付款 上海双力物业管理有限公司 375,796.78 10,707,935.13 厦门回力工贸公司 133,410.36 133,410.36 深圳上轮贸易有限公司 31,849.70 31,849.70 上海敦信贸易有限公司 1,545,253.61 --- 上海欣明橡胶厂 514,336.03 514,336.03 上海欣兴贸易公司 751,502.14 --- 上海华轮贸易有限公司 1,068,276.61 25,000.00 海口孚华轮胎销售有限公司 3,241,429.78 3,241,429.78 上海正兴房产有限公司 600,000.00 上海敦煌制罐厂 7,932.20 上海沪轮橡胶有限公司 5,000.00 上海泰华出租汽车有限公司 10,174,466.95 上海橡胶助剂厂 197,060.00 上海橡胶工业供销公司 25,050.00 上海制皂(集团)如皋有限公司 10,000.00 小计 7,661,855.01 25,673,470.15 预收账款 上海华轮贸易有限公司 973,726.39 973,726.39 上海沪轮轮胎橡胶有限公司 6,972,763.51 10,128,533.51 小计 7,946,489.90 11,102,259.90 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 5、其他关联方交易事项: 根据与上海米其林回力轮胎股份有限公司签订的协议,公司向上海米其林回力轮胎股份有限公司提供商标使用权,场地及其服务,收取商标使用费5,000,000.00元,服务收入24,700,000.00元及租赁收入900,000.00元。 (四)为关联方提供担保情况: 详见附注九。 九、或有事项: 截止2006年06月30日前已决诉讼情况说明 上海轮胎橡胶(集团)供销有限公司诉新疆维吾尔族自治区第九运输公司一案,已于2006年4月11日判决,判决被告给付原告6562780.00元,目前该案尚在执行中。 上海轮胎橡胶(集团)供销有限公司诉广东电白县沪贸轮胎有限公司一案,已于2006年5月20日判决,判决被告给付原告1095148.49元,目前该案尚在执行中。 上海轮胎橡胶(集团)供销有限公司诉南宁地区双钱轮胎有限责任公司一案,已于2006年3月1日判决,判决被告给付原告2456668.03元,目前该案尚在执行中。 上海轮胎橡胶(集团)供销有限公司诉青岛上青橡胶轮胎经营有限公司一案,已于2006年2月21日判决,判决被告给付原告4929616.45元,目前该案尚在执行中。 (5) 上海轮胎橡胶(集团)供销有限公司诉商丘市回力双钱轮胎销售有限公司一案,已于2005年1月11日异地起诉,诉讼标的2428772.95元。由于起诉阶段该被告已吊销,经考虑暂予以撤诉,待核实其财产证据后,另行起诉。 (6) 上海轮胎橡胶(集团)供销有限公司诉余姚市东江工贸有限公司一案,已于2005年1月26日异地起诉,诉讼标的4404106.49元。由于起诉阶段该被告已吊销,经考虑暂予以撤诉,待核实其财产证据后,另行起诉。 (三) 截止2006年6月30日公司为关联方及其他单位提供债务担保形成 的或有负债: 截止2006年6月30日公司为关联方及其他单位提供债务担保情况: 关联方: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 担保单位 被担保单位 担保金额 币 到期日 种 上海轮胎橡胶(集团 上海东海轮胎有 10,000,00 RM 2006.03.28-2007. )股份有限公司 限公司 0.00 B 03.30 上海轮胎橡胶(集团 上海东海轮胎有 4,000,000 RM 2005.10.19-2006. )股份有限公司 限公司 .00 B 10.13 上海轮胎橡胶(集团 上海制皂(集团) 22,000,00 RM 2002.10.21-2006. )股份有限公司 有限公司 0.00 B 10.20 上海轮胎橡胶(集团 上海制皂有限公 27,000,00 RM 2005.03.24-2006. )股份有限公司 司 0.00 B 10.18 上海轮胎橡胶(集团 上海制皂有限公 1,800,000 RM 2005.04.29-2006. )股份有限公司 司 .00 B 09.12 上海轮胎橡胶(集团 上海制皂有限公 7,200,000 RM 2005.04.30-2006. )股份有限公司 司 .00 B 11.15 上海轮胎橡胶(集团 上海轮胎橡胶( 50,000,00 RM 2004.09.24-2009. )股份有限公司 集团)如皋公司 0.00 B 09.23 上海轮胎橡胶(集团 上海轮胎橡胶( 42,000,00 RM 2005.11.29-2006. )股份有限公司 集团)如皋公司 0.00 B 11.17 上海轮胎橡胶(集团 上海轮胎橡胶( 40,000,00 RM 2006.03.15-2007. )股份有限公司 集团)如皋公司 0.00 B 03.27 上海轮胎橡胶(集团 上海轮胎橡胶( 10,000,00 RM 2006.03.15-2007. )股份有限公司 集团)如皋公司 0.00 B 03.27 上海轮胎橡胶(集团 上海轮胎橡胶( 120,000,0 RM 2005.04.08-2010. )股份有限公司 集团)如皋公司 00.00 B 04.07 上海轮胎橡胶(集团 上海轮胎橡胶( 50,000,00 RM 2005.10.11-2010. )股份有限公司 集团)如皋公司 0.00 B 10.10 上海轮胎橡胶(集团 上海轮胎橡胶( 50,000,00 RM 2006.05.15-2006. )股份有限公司 集团)如皋公司 0.00 B 11.14 上海轮胎橡胶(集团 上海轮胎橡胶( 20,000,00 RM 2005.12.28-2006. )股份有限公司 集团)如皋公司 0.00 B 12.27 上海轮胎橡胶(集团 上海轮胎橡胶( 10,000,00 RM 2006.03.13-2006. )股份有限公司 集团)如皋公司 0.00 B 12.25 上海轮胎橡胶(集团 上海轮胎橡胶( 40,000,00 RM 2006.05.08-2007. )股份有限公司 集团)如皋公司 0.00 B 05.07 上海轮胎橡胶(集团 上海轮胎橡胶( 50,000,00 RM 2006.01.05-2009. )股份有限公司 集团)如皋公司 0.00 B 01.05 上海轮胎橡胶(集团 上海白象天鹅电 30,000,00 RM 2005.07.15-2006. )股份有限公司 池有限公司 0.00 B 07.15 上海制皂(集团)有 上海制皂有限公 3,000,000 RM 2006.04.27-2006. 限公司 司 .00 B 09.20 上海制皂(集团)有 上海制皂有限公 4,000,000 RM 2006.05.05-2006. 限公司 司 .00 B 11.08 上海制皂(集团)有 上海制皂有限公 5,000,000 RM 2006.03.03-2006. 限公司 司 .00 B 08.03 上海制皂(集团)有 默特克电源(上 5,000,000 RM 2004.01.20-2007. 限公司 海)有限公司 .00 B 01.19 上海制皂(集团)有 默特克电源(上 5,000,000 RM 2004.12.15-2007. 限公司 海)有限公司 .00 B 12.15 上海制皂(集团)有 默特克电源(上 5,000,000 RM 2004.04.19-2007. 限公司 海)有限公司 .00 B 01.19 上海制皂(集团)有 默特克电源(上 5,000,000 RM 2005.01.20-2007. 限公司 海)有限公司 .00 B 12.15 上海制皂(集团)有 默特克电源(上 4,800,000 RM 2005.03.10-2007. 限公司 海)有限公司 .00 B 12.15 上海制皂有限公司 上海凌旭油脂储 7,500,000 RM 2006.02.28-2006. 炼有限公司 .00 B 08.28 上海牡丹油墨有限 上海白象天鹅电 6,000,000 RM 2005.09.14-2006. 公司 池有限公司 .00 B 09.14 上海牡丹油墨有限 上海白象天鹅电 4,000,000 RM 2005.07.26-2006. 公司 池有限公司 .00 B 07.26 上海牡丹油墨有限 上海白象天鹅电 10,000,00 RM 2005.09.05-2006. 公司 池有限公司 0.00 B 09.05 上海牡丹油墨有限 上海白象天鹅电 15,000,00 RM 2005.11.08-2006. 公司 池有限公司 0.00 B 11.07 上海白象天鹅电池 上海牡丹油墨有 20,000,00 RM 2006.01.20-2007. 有限公司 限公司 0.00 B 01.19 上海白象天鹅电池 上海牡丹油墨有 10,000,00 RM 2005.11.07-2006. 有限公司 限公司 0.00 B 11.07 上海制皂(集团)有 上海制皂如皋有 10,000,00 RM 2005.09.29-2006. 限公司 限公司 0.00 B 09.29 上海轮胎橡胶(集团 上海制皂如皋有 10,000,00 RM 2006.05.31-2006. )如皋有限公司 限公司 0.00 B 11.30 上海轮胎橡胶(集团 上海制皂如皋有 20,000,00 RM 2006.04.18-2007. )如皋有限公司 限公司 0.00 B 04.17 RMB小计 733,300,0 00.00 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 非关联方: 上海制皂有限公司 上海远银进出口有限公司 6,000,000.00 RMB 2005.09.24-2006.03.24 RMB小计 6,000,000.00 RMB总计 739,300,000.00 单位:元币种:人民币(所有担保) ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 公司对外担保情况(不包括对控股子公司的担保) 被担保对 发生日 担保金额 担保类 担保期 是否 是否 象名称 期(协 (折算后) 型 履行 为关 议签署 完毕 联方 日) 担保 (是 或否 ) 上海远银 2005.9. 2,700,00 承担连 2005.9.24-2006. 否 否 进出口有 24 0.00 带责任 3.24 限公司 的担保 报告期内担保发生额合计 报告期末担保余额合计 2,700,000.00 公司对控股子公司的担保情况 报告期内对控股子公司担保发生额合计 17,189,200.00 报告期末对控股子公司担保余额合计 627,581,000.00 公司担保总额情况(包括对控股子公司的担保) 担保总额 630,281,000.00 担保总额占公司净资产的比例 42.58% 公司特殊担保情况 为控股股东及公司持股50%以下的其他关 联方提供担保的金额 直接或间接为资产负债率超过70%的被担 24,201,000.00 保对象提供的债务担保金额 担保总额是否超过净资产的50%(是或否 否 ) 特殊担保金额 24,201,000.00 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 根据上海证券交易所上市部对上市公司对外担保的统计口径,即报告期末担保余额包括控股子公司的对外担保,其担保金额为该控股子公司对外担保金额乘以上市公司持有该公司的持股比例。依据这一口径,公司对外担保情况如下: 截至2006年6月30日,公司对外担保余额为2,700,000.00元(不包括对控股子公司的担保);公司对控股子公司的担保余额为627,581,000.00元,担保总额630,281,000.00元,占公司净资产比例为42.58%。 截止2006年6月30日关联方为公司提供债务担保情况: 1、关联方提供担保情况: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 被担保单位 担保单位 担保金额 币种 到期日 上海轮胎橡 上海华谊( 22,000,0 RMB 2006.06.30-2 胶(集团)股 集团)公司 00.00 006.12.30 份有限公司 上海轮胎橡 上海华谊( 36,000,0 RMB 2006.06.21-2 胶(集团)股 集团)公司 00.00 006.12.20 份有限公司 上海轮胎橡 上海华谊( 42,000,0 RMB 2006.06.14-2 胶(集团)股 集团)公司 00.00 006.12.13 份有限公司 上海轮胎橡 上海华谊( 25,000,0 RMB 2006.05.29-2 胶(集团)股 集团)公司 00.00 006.11.29 份有限公司 上海轮胎橡 上海华谊( 40,000,0 RMB 2006.05.16-2 胶(集团)股 集团)公司 00.00 006.11.15 份有限公司 上海轮胎橡 上海华谊( 50,000,0 RMB 2006.04.25-2 胶(集团)股 集团)公司 00.00 006.10.25 份有限公司 上海轮胎橡 上海华谊( 35,000,0 RMB 2006.04.26-2 胶(集团)股 集团)公司 00.00 006.10.26 份有限公司 上海轮胎橡 上海华谊( 60,000,0 RMB 2006.03.23-2 胶(集团)股 集团)公司 00.00 006.09.23 份有限公司 上海轮胎橡 上海华谊( 3,500,00 RMB 2006.02.19-2 胶(集团)股 集团)公司 0.00 006.08.19 份有限公司 上海轮胎橡 上海华谊( 24,500,0 RMB 2006.02.21-2 胶(集团)股 集团)公司 00.00 006.08.21 份有限公司 上海轮胎橡 上海华谊( 11,123,0 RMB 2006.02.27-2 胶(集团)股 集团)公司 00.00 006.08.27 份有限公司 上海轮胎橡 上海华谊( 7,000,00 RMB 2006.06.29-2 胶(集团)股 集团)公司 0.00 006.12.29 份有限公司 上海轮胎橡 上海华谊( 60,000,0 RMB 2006-06.12-2 胶(集团)股 集团)公司 00.00 007-06.11 份有限公司 上海轮胎橡 上海华谊( 20,000,0 RMB 2006.03.09-2 胶(集团)股 集团)公司 00.00 006.09.09 份有限公司 上海轮胎橡 上海华谊( 21,000,0 RMB 2006.06.23-2 胶(集团)股 集团)公司 00.00 006.12.23 份有限公司 上海轮胎橡 上海华谊( 550,000, RMB 2005.06.03-2 胶(集团)股 集团)公司 000.00 006.08.03 份有限公司 上海轮胎橡 上海华谊( 20,850,0 RMB 2003.07.30-2 胶(集团)股 集团)公司 00.00 006.07.30 份有限公司 上海轮胎橡 上海华谊( 100,000, RMB 2004.03.30-2 胶(集团)股 集团)公司 000.00 008.05.10 份有限公司 上海轮胎橡 上海华谊( 50,000,0 RMB 2004.05.11-2 胶(集团)股 集团)公司 00.00 008.05.10 份有限公司 上海轮胎橡 上海华谊( 100,000, RMB 2004.03.26-2 胶(集团)股 集团)公司 000.00 007.03.26 份有限公司 上海轮胎橡 上海华谊( 20,700,0 RMB 2003.09.10-2 胶(集团)股 集团)公司 00.00 006.09.10 份有限公司 上海轮胎橡 上海华谊( 6,146,41 USD 2006.01.01-2 胶(集团)股 集团)公司 7.30 006.12.31 份有限公司 上海轮胎橡 上海华谊( 39,420,6 JPY 1999.04.01-2 胶(集团)股 集团)公司 00.00 018.04.01 份有限公司 RMB小计 1,298,67 3,000.00 USD小计 6,146,41 7.30 JPY小计 39,420,600.0 0 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 十、承诺事项: (一)对外经济担保事项: 详见附注九/(二)2 抵押资产情况: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 借 借款金额 借 到 抵 备注 款 原 本位 内 款 期 质 容 币 币 日 日 押 资 产 帐 面 原 值 短 19,9 2006-4-7 200 33,2 进口押汇,以27张银行 期 89,0 6-8 55,7 承兑汇票质押 借 00.0 -14 97.7 款 0 4 短 1,0 2006-3-23 200 80,4 以存款80,400,000元质 期 00 7-3 00,0 押 借 万 -23 00.0 款 美 0 元 长 --- 185, 2005-11-18 201 445, 如皋办公楼,生产车间 期 000, 0-1 409, 借 000. 0-1 600. 款 00 0 00 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 十一、资产负债表日后事项: 根据比利时联合银行股份有限公司上海分行质押合同,公司以27张金额为33,255,797.74元的银行承兑汇票作为质押,向比利时联合银行股份有限公司上海分行申请融资额度美元750万元整,期限为2005年12月26日至2006年12月26日或由质权人自主决定的日期。截至报告期末共获得19,989,000.00元人民币的贷款。 十二、其他事项说明: (一)2002年根据四届四次董事会决议,公司将应收账款与上海华谊(集团)公司置换入的上海长阳路447号、龙华东路397号和张江镇新康村西一队钱家宅三块地块的工业土地使用权,截止2006年6月30日,其中龙华东路397号地块的工业土地使用权权证尚未办理,账务尚未处理。 公司于2005年12月7日与上海市杨浦区土地发展中心签定《上海市杨浦区工业系统国有土地使用权收购合同》,由杨浦区土地发展中心支付人民币25,195.70万元收购上海长阳路447号26,660平方米的土地使用权,其中17,995.5万元作为公司土地转让款,7,200.20万元作为公司厂房腾空、设备搬迁、人员安置等动迁补偿费。公司拟在2006年将其中15,160平方米的土地使用权回购,因此截至报告期末尚余土地转让款10,233万元、土地使用权成本3,983.2万元、补偿费3,281.7万元未作处理。 公司在2005年末为保证在规定的时间内完成场地清理,向上海市杨浦区土地发展中心支付的保证金12,597.85万元已在报告期内如数收回。 2006年3月公司控股的子公司上海双钱碧源置业有限公司与上海市杨浦区土地发展中心签署了《国有储备土地前期开发费补偿合同》,合同约定该司以支付15,795.15万元补偿费可获得杨浦区26街坊3/2丘合22.74亩的土地。截至报告期末上海双钱碧源置业有限公司已向上海市杨浦区土地发展中心支付了15,795.15万元的补偿款,土地交接手续将在近期办妥。 (二)根据2003年度第一次临时股东大会决议,公司将应收债权152,297,829.03元与上海华谊(集团)公司名下的由双钱载重轮胎公司和大中华正泰轮胎公司实际使用的土地使用权(土地面积268,600平方米、土地面积 69,685平方米,评估价格151,094,305.00元),以 152,297,829.03元对价置换,按约定置换中所涉及的有关税费及土地出让金应由本公司承担。截至2006年6月30日止工业土地使用权权证尚未办理,账务尚未处理。 (三)2006年3月21日,财政部、国家税务总局联合发出通知,对我国现行消费税的税目、税率进行调整。其中斜交轮胎的税率从原来的10%降到了3%,子午线轮胎继续实行免税政策,本次调整将从4月1日起开始执行。税率调整后,报告期内影响消费税额1,484.38万元,预计全年影响消费税额约4,935万元。 十三、本年度非经常性损益列示如下:(收益+、损失-) ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 项目 金额 (一)处置长期股权投资、固定资产、在建 46,039,235.79 工程、无形资产、其他长期资产产生的损益 (二)各种形式的政府补贴 995,000.00 (三)扣除公司日常根据企业会计制度规定 1,833,992.68 计提的资产减值准备后的其他各项营业外收 入、支出 (四)以前年度已经计提各项减值准备的转 210,867.48 回 (五)所得税影响额 -13,033,798.44 (六)少数股东损益影响额 1,020,328.73 合计 37,065,626.24 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 八、备查文件目录 1、载有董事长签名的半年度报告文本; 2、载有法定代表人、主管会计工作负责人、会计机构负责人签名并加盖印章的财务报告文本; 3、报告期内在指定报刊上公开披露的公告原稿; 4、《公司章程》文本; 5、以上备查文件原稿均完整置于公司董事会秘书室。 上海轮胎橡胶(集团)股份有限公司 董事长:范宪 二00六年八月四日 Shanghai Tyre & Rubber Co., Ltd. 600623 2006 Interim Report Contents 1. Important Notice 78 2. Brief Introduction to the Company 78 3. Change of Capital Stock and Particulars of Shareholders 82 4. Directors, Supervisors and Senior Executives 86 5. Discussion and Analysis of the Management 86 6. Major Events 91 7. Financial Report 1. Important Notice 1) The Company's Board of Directors and all its members now ensure that, the information contained in this report does not have any false statement, misleading representation or significant omission, and will take the several and joint responsibilities for the truth, accuracy and integrity of its contents. 2) Independent Director Li Boling was entrusted to vote on behalf of Independent Zhang Huiming, who was absent to the Directors' Meeting due to work. 3) The Interim Report of the Company has not been audited. 4) Mr. Fan Xian, Head of the Company, Mr. Xie Jianming, person in charge of accounting work of the Company and chief of the accounting deparment of the Company, hereby declare to guarantee the truth and integrity of this interim report. 2. Brief Introduction to the Company 1) Basic information (1) Legal Chinese name:上海轮胎橡胶(集团)股份有限公司 Abbr.: 上轮公司 Legal English name: Shanghai Tyre & Rubber Co., Ltd. Abbr.: STRC(2) Stock exchange for listing of the Company's A share: Shanghai Stock Exchange Share name for the Company's A share: G Tyre Share code for the Company's A share: 600623 Stock exchange for listing of the Company's B share: Shanghai Stock Exchange Share name of the Company's B share: Tyre B Share Share code of the Company's B share: 900909 (3) Registered address of the Company: Rm. 605 No. 1251 Jiangchuan Rd., Minhang District, Shanghai Business add.: 63 Sichuan Zhong Rd., Shanghai Zip code: 200002 Website: http://www.cstarc.com E-mail: company@cstarc.com (4) Legal representative: Fan Xian (5) Secretary to the Board of Directors of the Company: Wang Ling Telephone: 021- 33024666- 6379 Fax: 021-63390367 E-mail:company@cstarc.com Contact address: 63 Sichuan Zhong Rd., Shanghai Representative of securities affairs: Sun Wen Telephone: 021-33024666-6378 Fax: 021-63390367 E-mail:wsun@cstarc.com Contact address: 63 Sichuan Zhong Rd., Shanghai (6) Newspaper for information disclosure: the “Shanghai Securities News” and the “South China Morning Post” Website appointed by the China Securities Regulatory Commission for publishing the Company's interim report: http://www.sse.com.cn Location for preparing interim report: Secretary's office of the Board of Directors of the Company 2) Financial Highlights (1) Major accounting data and financial indicators (Unit: RMB) ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Majoraccountingdata Endofthereport Endoflastyea Increaseordecre period r ase(%) Currentassets 3,376,238,056. 2,890,366,07 16.81 22 5.11 Currentliabilities 4,269,693,444. 3,736,384,98 14.27 92 5.32 Totalassets 6,808,565,542. 6,037,994,54 12.76 45 8.07 Shareholders'equity 1,494,976,748. 1,480,313,23 0.99 (minorityinterestse 46 7.92 xcluded) Netassetsvaluepersh 1.681 1.664 1.02 are Netassetsvaluepersh 1.463 1.455 0.55 areafteradjustment Thereportperio Sameperiodof Increaseordecre d(January-June lastyear ase(%) ) Netprofit 58,863,322.42 56,579,921.2 4.04 0 Netprofitafterdeduc 21,797,696.18 58,999,726.9 -63.05 tionofextraordinary 9 gainorloss Earningspershare 0.066 0.064 3.125 Returnonnetassets(% 3.937 3.995 -0.084 ) Netcashflowfromoper 241,989,261.57 235,244,655. 2.87 atingactivities 43 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (Unit: RMB) ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Itemsofnon-recurringprofitandloss Amount 1.Gainorlossfromdisposaloflong-term 46,039,235.79 equityinvestment,fixedassets,constr uctioninprogress,intangibleassetsan dotherlong-termassets 2.Governmentsubsidyinallforms 995,000.00 3.Netnon-operatingrevenueandexpendi 1,833,992.68 tureafterprovisionfordepreciationof assetsappropriatedaccordingtoenterp riseaccountingsystem 4.Returnfromprovisionsfordepreciati 210,867.48 onofvariousitemsappropriatedduringp reviousyears 5.Impactfromincometax -13,033,798.44 6.Impactfromminorityshareholders'ga 1,020,328.73 inorloss Total 37,065,626.24 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ The non-recurring profit and loss of the report period was RMB37,065,600, an increase of RMB39,485,400 or 1,631.76% compared with last year's RMB-2,419,800. The main cause of the increase is that the Company transferred its 9 million legal person shares in Shanghai Pudong Development Bank and 81.83% equity of Shanghai Tyre & Rubber (Group) Rugao Investment Company, which brought about the net income of RMB40,734,400 and RMB9,953,900, respectively and thus produced a quite large year-on-year rise in the non-recurring profit and loss. (2) Return on net assets and earnings per share calculated according to requirements of the No. 9 file of "Editing Rule for Information Disclosure of Publicly Listed Companies" issued by the China Securities Regulatory Commission Unit: RMB Currency: Renminbi ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Profitofthereportperiod Returnonneta Earningspersh ssets(%) are Fully Weigh Fully Weight dilut tedav dilut edaver ed erage ed age Mainbusinessprofit 21.23 21.16 0.359 0.359 3 4 Operatingprofit 1.226 1.222 0.021 0.021 Netprofit 3.937 3.899 0.066 0.066 Netprofitafterdeductionofextraordinar 1.448 1.444 0.025 0.025 ygainorloss ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (3) Difference between domestic and overseas accounting standards Unit: RMB Currency: Renminbi ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 2006InterimReport Gain/(loss)afterde Sharehold ductionoftaxandmin ers'equit orityinterests y AccordingtoChineseaccou 58,863,322.42 1,504,884 ntingstandard ,142.60 Consolidationoflossofaf 273,574.22 filiatedcompanies Offsetoflossbeyondcapit -107,806.77 -13,076,7 alofaffiliatedcompanies 77.90 withminorityinterests . Amortizationofinitialex -1,083,614.75 -4,361,85 penses 8.46 Accordingtointernationa 57,945,475.12 1,487,445 lfinancialreportstandar ,506.24 d ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ The unaudited after-tax profit of the first 6 months of 2006 is RMB58,863,322.42 for A share and RMB57,945,475.12 for B share with a difference of RMB 917,847.30 between, which consists of: 1) The net amount of accumulative loss offset by the profit of the report period of obtained by subsidiaries including the soap making and sales companies was RMB273,574.22, with A share classified as unconfirmed investment loss and B share transferred back as it had been confirmed as the Group loss (borne by big shareholders) in previous years according to the international accounting standard. 2) The minority interests of B share was regulated according to the aforesaid adjustment and thus increased its loss by RMB107,806.77; 3) The amortization balance of the initial expenses of Double Coin Biyuan in the very year was RMB1,083,614.75 and therefore B share is listed as loss. The unaudited shareholders' equity of the first 6 months of 2006 is RMB1,504,884,142.60 for A share and RMB 1,487,445,506.24 for B share, thus with a difference of RMB 17,438,636.36 between, which consists of: 1) The net excess loss of RMB13,076,777.90 borne by minorities shareholders in the subsidiary companies in the very year led to corresponding reduction of shareholders' equity of B share according to the international accounting standard; 2) The amortization balance of the Company's initial expenses for past years is RMB4,361,858.46, which led to reduction of shareholders' equity of B share. 3. Change of Capital Stock and Particulars of Shareholders 1) Change of capital stock Unit: share ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Beforethis Increaseordecrease(+,-) Afterthisch change ange Quant Rat Ne Bonuss Share Ot Subtot Quanti Rat ity io ws hares stran he al ty io ha ferre r re dfrom si capit ss alres ue erve d 1.Shareswithlimitedsalescondition 1)Shareshe 605,8 68. -16,01 -16,01 589,84 66. ldbythesta 57,46 12 6,000 6,000 1,461 32 te 1 2)Shareshe 11,91 1.3 11,910 1.3 ldbytheleg 0,261 4 ,261 4 alpersonof state-owne dentities 3)Shareshe ldbyotherd omesticent itiesorleg alpersons Incl.:shar 5,720 0.6 5,720, 0.6 esheldbydo ,000 4 000 4 mesticlega lpersons Sharesheld bydomestic individual s 4)Shareshe ldbyforeig ncapitals Incl.:shar esheldbyov erseaslega lpersons Sharesheld byoverseas individual s Subtotal 623,4 70. -16,01 -16,01 607,47 68. 87,72 10 6,000 6,000 1,722 30 2 2.Floatingshareswithnolimitedsalescondition 1)Renminbi 22,88 2.5 16,016 16,016 38,896 4.3 ordinarysh 0,000 7 ,000 ,000 ,000 7 ares 2)Domestic 243,1 27. 243,10 27. allylisted 00,00 33 0,000 33 foreigncap 0 italshares 3)Overseas listedfore igncapital shares 4)Other Subtotal 265,9 29. 16,016 16,016 281,99 31. 80,00 90 ,000 ,000 6,000 70 0 3.Total 889,4 100 889,46 100 67,72 .00 7,722 .00 2 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Approval of changes in stock (1) For details, please refer to the "Announcement on Shanghai Tyre & Rubber Co., Ltd. Obtaining the Written Reply on the Scheme of Equity Division Reform from Shanghai Municipal State-owned Assets Supervision and Administration Commission" published in the "Shanghai Securities News" and on the website of Shanghai Stock Exchange on March 29. (2) For details, please refer to the "Announcement on Shanghai Tyre & Rubber Co., Ltd. Obtaining the Written Reply on the Scheme of Equity Division Reform from the Ministry of Commerce" published in the "Shanghai Securities News" and on the website of Shanghai Stock Exchange on May 15. 2) Particulars of shareholders (1) Number of shareholders and particulars of shareholding Unit: share ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Totalofshareholder 50,157 sattheendofreportp eriod Shareholdingparticularsofthetop10shareholders Nameofshareholder Natureof Shareh Totalo Incre Number Numbe sharehol olding fshare aseor ofshar rofsh der ratio( sheld decre eswith aresp %) ase limite ledge dsales dorfr condit ozen ion ShanghaiHuayi(Grou State-ow 66.32 589,84 -16,0 589,84 p)Company nedshare 1,461 16,00 1,461 holder 0 XuzhouTyreGroupCom State-ow 1.06 9,410, 0 9,410, 7,410 pany nedlegal 261 261 ,261s personsh hares areholde froze r n DEBORAHWANGLIN Foreignc 0.31 2,792, 0 Unkno apitalsh 000 wn areholde r LiuChunfu Foreignc 0.29 2,608, 45,30 Unkno apitalsh 300 0 wn areholde r ShanghaiCapitalRes State-ow 0.28 2,500, 0 2,500, erveManagementCent nedlegal 000 000 re personsh areholde r DBSVICKERS(HONGKO Foreignc 0.28 2,452, 1,800 Unkno NG)LTDA/CCLIENT apitalsh 139 ,150 wn areholde r NAITOSECURITIESCO. Foreignc 0.27 2,369, -416, Unkno ,LTD. apitalsh 501 899 wn areholde r NOMURAINTERNATIONA Foreignc 0.26 2,336, 2,260 Unkno L(HONGKONG)LIMITED apitalsh 100 ,000 wn -CUSTOMERS'SEGREGA areholde TEDACCOUNT r TOYOSECURITIESASIA Foreignc 0.24 2,116, 234,2 Unkno LTDA/CCLIENT apitalsh 880 00 wn areholde r SCBSHA/CCREDITSUIS Foreignc 0.15 1,294, 1,294 Unkno SE(HONGKONG)LIMITE apitalsh 261 ,261 wn D areholde r ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Shareholdingparticularsofthetop10shareholderswithnolimitedsalescon dition Nameofshareholder Numberofshareswithn Classifica olimitedsalescondit tionofstoc ion k DEBORAHWANGLIN 2,792,000 Domestical lylistedfo reigncapit alshare LiuChunfu 2,608,300 Domestical lylistedfo reigncapit alshare DBSVICKERS(HONGKONG)LTDA/CCLIENT 2,452,139 Domestical lylistedfo reigncapit alshare NAITOSECURITIESCO.,LTD. 2,369,501 Domestical lylistedfo reigncapit alshare NOMURAINTERNATIONAL(HONGKONG)LIMI 2,336,100 Domestical TED-CUSTOMERS'SEGREGATEDACCOUNT lylistedfo reigncapit alshare TOYOSECURITIESASIALTDA/CCLIENT 2,116,880 Domestical lylistedfo reigncapit alshare SCBSHA/CCREDITSUISSE(HONGKONG)LIM 1,294,261 Domestical ITED lylistedfo reigncapit alshare AIZAWASECURITIESCO.,LTD. 958,196 Domestical lylistedfo reigncapit alshare HSBCBROKINGSECURITIES(ASIA)LIMITE 926,638 Domestical DCLIENTSACCOUNT lylistedfo reigncapit alshare HSBCFUNDSERVICESA/C006-113039-431 780,000 Domestical lylistedfo reigncapit alshare Remarksonassociativerelationsorco TheCompanydoesnotknowwhetherthe ncertedactionsbetweentheaforesaid reareanyrelationsbetweentheabov 10shareholders: eshareholdersorwhethertheybelon gtotheconcertedactorsstatedinth eManagementMethodforInformation DisclosureforChangeofSharesHeld bytheShareholdersofListedCompan ies. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ There are no associative relations or concerted actions existing among the first, second and fifth of the top ten shareholders. The 7,410,300 shares in the Company held by Xuzhou Tyre Group Company, the second largest shareholder, keep on being frozen with a freezing term from May 10, 2006 to May 9, 2007 (altogether 1 year in between). Number of shares held by the top 10 shareholders with limited sales condition and their sales conditions Unit: share ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ No Nameofshareh Numbero Particularsoflist Limitedsalesconditio . olderwithlim fshares ingofshareswithli n itedsalescon withlim mitedsalesconditi dition itedsal on escondi Timefor Numberof tion listing addition alshares thatcanb elisted 1 ShanghaiHuay 589,841 May22,2 88,946,7 ShanghaiHuayi(Group) i(Group)Comp ,461 008 72.2 Companypromisedthat: any May22,2 500,894, 1.itwillnotsellitseq 009 688.8 uityoftheCompanythro ughShanghaiStockExch angewithin24monthsaf teritgetsthelistingr ight;2.Itwillnotsell morethan10%ofthetota lcapitalstockoftheCo mpanythroughShanghai StockExchangewithin1 2monthsafterexpirati onoftheaforesaidprom isedperiodatapriceno tlowerthanRMB5.0pers hare(whichshouldbedi sposedwithex-rightsa ndex-dividendifthere areanyex-rightsevent ssuchasdividenddistr ibution,bonussharean dcapitalizationfromc apitalpublicreserveh appeningafterimpleme ntationoftheschemeof equitydivisionreform );3.Allitssharesinth eCompanywillbetradab leafter36months. 2 XuzhouTyreGr 9,410,2 May22,2 9,410,26 Itwillnotlistortrans oupCompany 61 007 1 fertheshareswithin12 monthsasfromthedayof implementationofther eformscheme.XuzhouTy reGroupCompanyshould gettheapprovalfromSh anghaiHuayi(Group)Co mpantbeforeitcanlist itsshareswithlimited salescondition. 3 ShanghaiCapi 2,500,0 May22,2 2,500,00 Itwillnotlistortrans talReserveMa 00 007 0 fertheshareswithin12 nagementCent monthsasfromthedayof re implementationofther eformscheme.Shanghai CapitalReserveManage mentCentreshouldgett heapprovalfromShangh aiHuayi(Group)Compan tbeforeitcanlistitss hareswithlimitedsale scondition. 4 ShanghaiJint 286,000 May22,2 286,000 Itwillnotlistortrans ongProductsC 007 fertheshareswithin12 ompany monthsasfromthedayof implementationofther eformscheme. 5 ChemicalIndu 286,000 May22,2 286,000 Itwillnotlistortrans stryTechnolo 007 fertheshareswithin12 gyAssociatio monthsasfromthedayof n implementationofther eformscheme. 6 ShanghaiInte 286,000 May22,2 286,000 Itwillnotlistortrans rnationalTru 007 fertheshareswithin12 st&Investmen monthsasfromthedayof tCo.,Ltd implementationofther eformscheme. 7 BrillianceGr 214,500 May22,2 214,500 Itwillnotlistortrans oupCo.,Ltd 007 fertheshareswithin12 monthsasfromthedayof implementationofther eformscheme. 8 ShanghaiBeiz 164,450 May22,2 164,450 Itwillnotlistortrans eTradingCo., 007 fertheshareswithin12 Ltd. monthsasfromthedayof implementationofther eformscheme. 9 ShanghaiHuas 154,669 May22,2 154,669 Itwillnotlistortrans henCertified 007 fertheshareswithin12 PublicAccoun monthsasfromthedayof tantsLtd. implementationofther eformscheme. 10 ShanghaiBril 143,000 May22,2 143,000 Itwillnotlistortrans liance(Group 007 fertheshareswithin12 )Co.,Ltd. monthsasfromthedayof implementationofther eformscheme. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (2) Change of the controlling shareholder and the actual controller During the report period the controlling shareholder and the actual controller of the Company were not changed. 4. Directors, Supervisors and Senior Executives 1) Change in shareholding of Directors, Supervisors and senior executives ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Name Position Beginnin Closingsh Increaseo Causeofchange gshares ares rdecrease SunChang Supervis 429 729 300 Considerationg ming or otduringtheref orm ZhouLica DeputyGe 429 729 300 Considerationg i neralMan otduringtheref ager orm ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 2) Engagement and dismissal of Directors, Supervisors and senior executives During the report period, there was no engagement or dismissal of any Dirctors, Supervisors and senior executives of the Company. 5. Discussion and Analysis of the Management 1) Discussion and Analysis of the Management The Company belongs to chemical industry and is mainly engaged with tyre, battery, printing ink and other business, in which the sales income and profit for the all-steel heavy duty radial truck tyre have taken predominating position in the income and profit structure of the Company. During the report period, the Company comprehensively implemented the business policy and goal of "maintaining the popularity of the brand and expanding network by establishing the path of Double Coin", "gathering resources and expanding sales to improve satisfaction level of production and sales", "implementing technical innovation and increasing gross profit to meet the requirements of competition", "refining deployment and improving quality to ensure safe production", "diligent in prediction and grasping good opportunities to ensure reasonable and adequate supply and distribution", "carefully calculating and operation in a flexible circumspection; to ensure reliable budget", "promoting scientific research and establishing basis to effect subjects of innovation" and "strictly managing and carefully checking to make awarding and punishing clear-cut". It constantly deepened the industry restructuring of the Company and vigorously pushed forward the "refined" management of the Company. Thus the Company ensured general realization of major economic goals for the first half of the year (part of the goals were nearly realized) under the requisite of increasingly violent competition in both domestic and overseas markets and the hard circumstances of persisting rise of raw material prices. From January to June 2006, the Company produced altogether 2,693,100 sets of tyres with a year-on-year increase of 28.8%, which includes 1,576,400 sets of all steel tyres with a year-on-year increase of 35.1% and 1,116,700 sets of bias tyres with a year-on-year increase of 20.9%. During the report period, the main business of the Company developed steadily. From January to June 2006, the Company realized main business income of RMB2,725,485,500 and main business profit of RMB319,526,000. While expanding production and distribution, the Company also faces rigorous challenges from market and production operation. The first challenge is that the conflict between supply and demand in the market was becoming further obvious during the report period. It mainly appears as the focused release of production capacity and thus the unexpected conflicts between supply and demand leading to stock increase in the industry, especially for the field of all steel radial tyres, whose price war is becoming fervent and thus leads to lower profit. The second challenge is the persistent rise of raw material prices. With the fast development of the tyre industry, tyre manufacturers is getting more and more dependent on relevant resources. During the report period, the constant rise of natural rubber prices because of the tight supply and high prices of raw materials such as synthetic rubber, carbon black and auxiliaries, which are influenced by the international price of crude oil, brought about great influence on the profitability of the main business of the Company. Therefore, for the second half of the year, the Company will make further clear the development and reform road of the enterprise, speed up readjustment of product structure, boost scientific research level and further exploit domestic and overseas market so as to dodge and defend against all kinds of market risks by establishing its advantages in management, technique, scale and industry status. 2) Main business of the Company and its operation status (1) Main business divided by trade and product Unit: RMB Currency: Renminbi ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Bytrade Mainbusine Mainbusines Profi Year-o Year-on Year-on ssincome scost trate n-year -yearin -yearin ofmai increa creaseo creaseo nbusi seorde rdecrea rdecrea ness( crease seofmai seofmai %) ofmain nbusine nbusine busine sscost( ssprofi ssinco %) trate(% me(%) ) Industry 3,542,051, 3,259,226,2 7.98% -12.32 -10.35% -2.02% 185.90 50.85 % Commerce 1,760,322, 1,706,614,9 3.05% 590.61 571.96% 2.69% 232.07 90.04 % Realesta 1,770,300. 887,480.39 49.87 -23.68 -47.61% 22.91% te 00 % % Tourisma 1,734,337. 270,335.08 84.41 0.60% -15.28% 2.92% ndfoodse 50 % rvice Incl.:To 4,531,565, 4,445,704,8 1.89% 95.94% 95.05% 0.44% talofass 006.81 06.46 ociative transact ions Incl.:As 2,580,392, 2,580,392,5 1.94% 1.94% sociativ 557.72 57.72 etransac tionsoff settingb yeachoth er Byproduc Mainbusine Mainbusines Profi Year-o Year-on Year-on t ssincome scost trate n-year -yearin -yearin ofmai increa creaseo creaseo nbusi seorde rdecrea rdecrea ness( crease seofmai seofmai %) ofmain nbusine nbusine busine sscost( ssprofi ssinco %) trate(% me(%) ) Tyre 2,273,773, 2,001,212,1 11.99 19.80% 28.20% -5.76% 887.16 63.27 % Incl.:As 1,951,172, 1,865,312,2 4.40% 673.20 748.34% -8.47% sociativ 449.09 48.74 % etransac tions Pricingprincipleofas Thepriceofassociativetransactionsissetaccord sociativetransaction ingtomarketprice. s Incl.:ThetotalamountofassociativetransactionsoftheCompanysellinggo odstoitscontrollingshareholderanditssubsidiariesduringthereportper iodwaszero. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (2) Main business divided by region Unit: RMB Currency: Renminbi ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Region Mainbusinessincome Year-on-yearincreaseordec reaseofmainbusinessincome (%) Shanghai 2,725,485,497.75 18.09% Otherregions -- -- Total 2,725,485,497.75 18.09% ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (3) There were no other businesses with significant impacts on net profit during the report period. (4) The operation status and performance of the joint stock companies from which the investment income influences over 10% net profit of the Company (Unit: RMB10,000) ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Company Bu Registe Asset Equi Mainbusi Mainbus Netp Invest name si redcapi svolu ty% nessinco inesspr rofi mentin ne tal me me ofit t come ss na tu re Shangha Re US$28,0 40.0 Waitingt Refert iXinlun al 00,000 0 obeclose othere UnitedD es ddownand marks evelopm ta dissolve entCo., te d Ltd. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ The 8th meeting of the 5th Board of Directors approved the "Proposal on Liquidation and Dissolution of Shanghai Xinlun United Development Co., Ltd." ("Xinlun Company" for short). Xinlun Company was established by joint investment of Shanghai Waigaoqiao Free Trade Zone Xin Development Co., Ltd. ("Xin Development Company" for short) and the Company in October 1994 with the registered capital of US$28,000,000. Its main business is self-built real estate service, infrastructure, realty management and supporting service. The Company holds 40% equity while the Xin Development Company holds 60%. In light of the respective strategy adjustment of outward investment by Xin Development Company and the Company respectively, the two shareholders currently plan to implement liquidation procedure and clearing the assets of Xinlun Company according to regulations in the "Company Law" and the Articles of Association of Xinlun Company and handle relevant procedure for concellation of industrial and commercial registration. Considering certain potential loss in the process of liquidation, the Company has appropriated over RMB24 million for anticipated loss upon the principle of prudence. (5) Remarks on cause of year-on-year significant change of the profitability of main business (gross profit rate) The gross profit of main business of the report period was RMB338,879,000, RMB68,139,500 or 16.74% less than last year's RMB407,018,500 of the same period, which was mainly due to increase of over RMB218 million in cost caused by rise of raw material prices from January to June this year while the newly increased gross profit from production expansion and price readjustment was not large enough to offset the rise of raw material prices. Compared with the same period of last year, the main business income in tyre increased by RMB375,876,700 whereas the cost increased by RMB440,178,600. Therefore, the gross profit of tyres decreased to RMB272,561,700 from last year's RMB336,863,600, thus leading to large fall in profitability of the main business. The gross profit rate of tyre correspondingly dropped to 11.99% from last year's 17.75% of the same period. (6) Analysis of cause of year-on-year significant changes of profit composition (Unit: RMB) ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Item Thereportperiod Sameperiodoflastyear Increaseo Amount Ratiototh Amount Ratiotot rdecrease etotalpro hetotalp (%) fit% rofit% Mainbusin 319,525,96 614.54% 369,043,183 871.91% -13.42% essprofit 1.67 .25 Otherbusi 46,335,332 89.12% 39,091,519. 92.36% 18.53% nessprofi .69 59 t Periodexp 347,411,18 668.17% 339,844,677 802.93% 2.23% enses 8.33 .76 Investmen 27,150,091 52.22% -23,508,679 -55.54% 215.49% tincome .06 .39 Subsidyin 995,000.00 1.91% 1,189,192.0 2.81% 16.33% come 0 Netamount 5,399,197. 10.38% -3,644,760. -8.61% 248.14% ofnon-ope 66 69 ratingrev enueandex penditure Totalprof 51,994,397 100.00% 42,325,777. 100.00% 22.84% it .75 00 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ I. Total profit of the report period increased by RMB9,668,600 or 22.84% on a year-on-year basis. II. Main causes of year-on-year large changes of profit composition are as follows: A. The main business profit decreased by RMB49,517,200 or 13.42% compared with the same period of last year, which was mainly due to the cost increase of RMB218 million caused by the rise of raw material prices from January to June this year while newly increased gross profit after production expansion was not large enough to fully offset the rise of raw material prices, thus resulting in quite large drop in main business profit compared with the same period of last year. B. Other business profit increased by RMB7,243,800 or 18.53% compared with the same period of last year, which was mainly due to a year-on-year rise of RMB5.70 million in income from service provided to Michelin Company. C. The Investment income rose by RMB50,658,800 or 215.49% compared with the same period of last year, which was mainly due to the Company transferring its 9.00 million legal person shares in Pudong Development Bank and the 81.83% equity of Shanghai Tyre & Rubber (Group) Rugao Investment Company and thus obtaining net incomes of RMB40,734,400 and RMB9,953,900, respectively. In addition, the Michelin Company got a less loss on a year-on-year basis and therefore the investment income of the Company largely increased on a year-on-year basis. D. Non-operating revenue and expenditure increased by RMB9,044,000 or 248.14% compared with the same period of last year, which was mainly due to the loss of RMB3,321,900 caused by the guarantee provided for China Shenma Group during the same period of last year and to a year-on-year rise of net income from disposal of fixed assets and intangible assets of parent company and its subsidiaries during the report period. 3) Investment (1) Use of raised capital During the report period, there are no such conditions in the Company as using raising capitals or using capitals raised in the last period up to the current period. (2) Projects with non-raised capital I. The project of newly increased 500,000 all-steel radial truck tyres (or 300,000 sets +200,000 sets) by Shanghai Tyre & Rubber (Group) Rugao Co., Ltd. boasted a total investment budget of RMB299,728,800. As of June 30, 2006, there was accumulatively about RMB275,910,000 invested in it with 92% of the project finished. II. The project of newly increased 100,000 all-steel radial engineering tyres and of expanstion and technical innovation of rubber refining workshop by Shanghai Tyre & Rubber (Group) Rugao Co., Ltd. boasted a total investment budget of RMB552,820,000. As of June 30, 2006, there was accumulatively RMB363,150,000 invested in it with 65.7% of the project finished. III. The project of increasing the productivity of radial tyre by 200,000 sets has acquired a total investment of RMB 132,600,000, including USD 2,592,000. As of June 30,2006, there was accumulatively RMB74,730,000 invested in it with 73% of the project finished. IV. The project of an increase of 250,000 all-steel radial tyres by Double Coin Truck Tyre Company boasted a total investment budget of RMB89,854,400. As of June 30, 2006, there was accumulatively RMB61,730,000 invested in it with 68.7% of the project finished. 4) Analysis of financial status and business results Realization of operation plan The Company had planned to increase the annual sales revenue of 2006 by over 10% on a year-on-year basis so as to realize the goal of RMB5,585 million. It actually achieved a sales revenue of RMB2,725,485,500 during the report period, a year-on-year increase of 18.09%, thus realizing the goal as planned. 6. Major Events 1) Governance of the Company During the report period, the Company carried out equity division reform, which was approved by 99.97% holders of A share including 94.81% holders of floating A share. During the report period, the Company amended its "Articles of Association", "Rules of Procedure for General Shareholders' Meeting", "Rules of Procedure for Meetings of Board of Diretors" and "Rules of Procedure for Meetings of Board of Supervisors" in an all-around way in accordance with the newly amended "Company Law", "Securities Law", "Guide on Articles of Association of Listed Companies" and "Guide on General Shareholders' Meeting of Listed Companies" combined with the actual governance of the Company. It was run in strict according with the aforesaid laws, regulations and rules. Currently, the governance of the Company conforms to relevant requirements by China Securities Regulatory Commission. 2) Implementation of profit distribution scheme during the report period The profit distribution scheme of 2005 is as follows: based on the total capital stock of 889,467,722 shares at the end of 2005, the Company will distribute a cash dividend of RMB0.5 (tax included) for each 10 shares to all the shareholders. This scheme was approved by the Company's 2005 General Shareholder's Meeting held on April 28, 2006. The announcement on implementation of dividend allocation was published in "Shanghai Securities News" and "South China Morning Post" of May 30, 2006 and on the website of Shanghai Stock Exchange (www.sse.com.cn). The date of record was June 2 , 2006 for A share and June 7, 2006 for B share (the last trading date was June 2, 2006). The ex-dividend date was June 5, 2006 and the date for dividend allocation was June 16, 2006. The Company will neither distribute dividend nor capitalize capital public reserve for the first 6 months of 2006. 3) Significant lawsuits and arbitrations Lawsuits ruled before June 30, 2006 (1) The case of Shanghai Tyre & Rubber Supply and Sales Co., Ltd suing Xinjiang Uygur Autonomous Region No. 9 Transportation Company was ruled on April 11, 2006 with the verdict that the defendant shall pay RMB6,562,800 to the plaintiff. The case is still in execution currently. (2) The case of Shanghai Tyre & Rubber Supply and Sales Co., Ltd suing Guangtong Dianbai County Humao Tyre Co., Ltd. was ruled on May 20, 2006 with the verdict that the defendant shall pay RMB1,095,100 to the plaintiff. The case is still in execution currently. (3) The case of Shanghai Tyre & Rubber Supply and Sales Co., Ltd suing Nanning Double Coin Tyre Co., Ltd. was ruled on March 1, 2006 with the verdict that the defendant shall pay RMB2,456,700 to the plaintiff. The case is still in execution currently. (4) The case of Shanghai Tyre & Rubber Supply and Sales Co., Ltd suing Qingdao Shangqing Rubber & Tyre Co., Ltd. was ruled on February 21, 2006 with the verdict that the defendant shall pay RMB4,929,600 to the plaintiff. The case is still in execution currently. (5) The case of Shanghai Tyre & Rubber (Group) Supply and Sales Co., Ltd. suing Shangqiu Warrior and Double-coin Tyre Sales Co., Ltd. was filed on January 11, 2005 with the litigation target of RMB2,428,800. Since the defendant was closed down during the litigation period, the plaintiff withdrew the litigation upon consideration and decided to file another lawsuit after verification of the defendant's proof of its property. (6) The case of Shanghai Tyre & Rubber (Group) Supply and Sales Co.,Ltd. suing Yuyao Dongjiang Industry & Trade Co., Ltd. was filed on January 26, 2005 with the litigation target of RMB4,404,100. Since the defendant was closed down during the litigation period, the plaintiff withdrew the litigation upon consideration and decided to file another lawsuit after verification of the defendant's proof of its property. 4) Assets transactions (1) During the report period, the Company transferred 81.83% equity of Shanghai Tyre & Rubber (Group) Rugao Investment Co., Ltd. it had held to the natural person Cao Bo at the price of RMB81 million with the estimated value of RMB77,298,800 as the basis. All the property rights and the relevant debts and creditor's rights have been handed over with an income of RMB9,953,900 from the transfer. The equity transfer has no influence on the business consistency and management stability of the Company and is helpful for the Company to concentrate its predominant energy on main business operation. The provisional announcement was published in "Shanghai Securities News" and "South China Morning Post" of June 8, 2006 and on the website of Shanghai Stock Exchange. (2) During the report period, the Company transferred the 9 million legal person shares in Shanghai Pudong Development Bank Co., Ltd. it had held to Shanghai International Group Co., Ltd. at the price of RMB5.20 per share upon the Opinion Letter drawn up for the equity transfer. The Company abtained an income of RMB46.80 million from the transfer, or a net income of RMB40,734,400 after deduction of book cost and relevant taxes. The provisional announcement was published in "Shanghai Securities News" and "South China Morning Post" of January 21, 2006 and on the website of Shanghai Stock Exchange. 5) Major associative transactions during the report period (1) Associative transactions relevant to daily operation A. For the subsidiaries controlled by the Company and consolidated the accounting statements of the Company, the transactions between them and between the parent company and them have already been offset. B. Amount of associative transactions Scale of transactions: Unit: RMB10,000 Currency: Renminbi ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Relatedparty Purchasedfromthere Soldtotherelatedp latedparty arty ShanghaiMichelinWarriorTyre 3,060.00 Co.,Ltd. ShanghaiCarbonizationCo.,Lt 2,958.93 d. ShanghaiSoapMaking(Group)Ru 6,384.64 1,295.75 gaoCo.,Ltd. ChinaNorthAmericaTyreSalesC USD5,609.32 ompany ShanghaiDoubleCoinTyreSales 154,656.27 Co.,Ltd. Subtotal(inU.S.dollar) USD5,609.32 Subtotal(inRenminbi) 9,343.57 159,012.02 Total 9,343.57 193,997.26 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ The pricing principle for associative transactions is market price. D. Other associative transactions: According to the agreement with Shanghai Michelin Warrior Tyre Co., Ltd., the Company provided or charged RMB5,000,000.00 for trademark using fee, RMB24,700,000.00 for sales of service, RMB900,000.00 for rental and leasing fees. (2) Creditor's rights and debts between related parties and the Company Amount of debts between related parties and the Company: Unit RMB10,000 Currency: Renminbi ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Relatedparty Fundprovidedtotherel Fundreceivedfromther atedparty elatedparty Amounthapp Balance Amounthapp Balance ening ening ChinaNorthAmericaTyreS 6,602.91 34,885.3 alesCompany 5 ShanghaiSoapMaking(Gro -3,710.73 1,571.83 2,684.73 2,742.98 up)RugaoCo.,Ltd. ShanghaiLongtaiFineRub -69.51 4,900.47 berCompany ShanghaiTyre&RubberMac 237.18 1,989.17 hineryMoldsCo.,Ltd. ShanghaiZhengxinHouseP -11.28 6,276.73 ropertyCo.,Ltd. ShanghaiZonglianRubber 1,432.56 IndustrialCompany ShanghaiCarbonizationC 2,789.12 3,461.95 o.,Ltd. HaikouFuhuaTyreSalesCo 324.14 .,Ltd. ShanghaiHulunTyre&Rubb -316.07 697.28 erCo.,Ltd. ShanghaiHuayi(Group)Co 9,386.35 mpany Total 3,048.57 51,056.1 5,157.78 16,612.7 1 0 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 6) Trusteeship During the report period the Company did not have any trusteeship. 7) Contracting During the report period the Company did not have any contracting. 8) Rent and lease During the report period the Company had no significant rent or lease. 9) Guarantee Unit:RMB Currency: Renminbi ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ OutwardguarateesoftheCompany(excludingguaranteesforholdingsubsidia ries) Nameofg Occurrin Amountof Typeofg Guaranteeter Whethe Whethe uarante gdate(ag guarante uarante m rcompl rguara eobject reements e(afterc e etedor nteefo igningda onversio not rrelat y) n) edpart iesorn ot(yes orno) Shangha Septembe 2,700,00 Guarant September24, No No iYuanyi r24,2005 0.00 eewithj 2005toMarch2 nImport ointand 4,2006 &Export several Co.,Ltd liabili . ties Totalamountofguaranteesduringtherepo rtperiod Totalbalanceofguaranteesattheendofth 2,700,000.00 ereportperiod TheCompany'sguaranteesforholdingsubsidiaries Totalamountofguaranteesforholdingsub 17,189,200.00 sidiariesduringthereportperiod Totalbalanceofguaranteesforholdingsu 627,581,000.00 bsidiariesattheendofthereportperiod TotalofguaranteesoftheCompany(includingguaranteesforholdingsubsidi aries) Totalamountofguarantees 630,281,000.00 RatiooftotalamountofguaranteestotheC 42.58% ompany'snetassets SpecialguaranteesoftheComoany Amountofguaranteesprovidedforthecont rollingshareholderandotherrelatedpar tiesholdinglessthan50%equity Amountofdirectorindirectdebtguanrant 24,201,000.00 eesforobjectswhosedebt-to-assetratio exceeds70% Whethertotalamountofguaranteesexceed No 50%ofthenetassets(yesorno) Amountofspecialguarantees 24,201,000.00 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ According to the stastistic compiling rules of outward guarantee of list companies by the listing department of Shanghai Stock Exchange, the balance of outward guarantees by the Company was RMB2,700,000.00 (excluding guarantees for holding subsidiaries); balance of the guarantees the Company provided for its holding subsidiaries was RMB627,581,000.00 and their total amount was RMB630,281,000.00 or 42.58% of net assets of the Company. 10) Entrusted wealth management During the report period, the Company did not have any entrusted wealth management. 11) Implementation of commitments The Company or its shareholders holding 5% or over 5% equity interest did not have any promises during the report period or left over from previous periods. The special promises made by the ex-holders of non-floating shares during the equity division reform and their implementation ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Nameofsh Specialpromises Commitmentfulfillment areholde r Shanghai ShanghaiHuayi(Group)Companypromis Accordingtotherelevan Huayi(Gr edthat:1.itwillnotsellitsequityof tcontentofspecialprom oup)Comp theCompanythroughShanghaiStockExc ises,ShanghaiHuayi(Gr any hangewithin24monthsafteritgetsthe oup)didnotsellortrans listingright;2.Itwillnotsellmoret feranyequityoftheComp han10%ofthetotalcapitalstockofthe anyitheldfromthedateo CompanythroughShanghaiStockExchan fimplementationofequi gewithin12monthsafterexpirationof tydivisionreformtillt theaforesaidpromisedperiodatapric hedateofdiclosureofth enotlowerthanRMB5.0pershare(which isreport. shouldbedisposedwithex-rightsande x-dividendifthereareanyex-rightse ventssuchasdividenddistribution,b onusshareandcapitalizationfromcap italpublicreservehappeningafterim plementationoftheschemeofequitydi visionreform);3.Allitssharesinthe Companywillbetradableafter36month s. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 12) Punishment and rectification on the Company, the Board of Directors and the Directors During the report period the Company, the Board of Directors of the Company and the Directors had not been checked by the China Securities Regulatory Committee and/or punished administratively and reprimanded publicly by the China Securities Regulatory Committee and publicly condemned by the stock exchange. 13) Other major events (1) During the report period, the Company carried out the equity division reform, i.e., holders of floating A share getting 7 shares for each 10 floating A shares as a consideration paid by Shanghai Huayi (Group) Company, upon relevant policies by the state. After the reform, the state-owned shares will account for a less proportion while that of general public shares will rise. However, the capital stock of the Company will generally not change. (2) On March 21, 2006, Ministry of Finance and State Administration of Taxation jointly issued a notice to adjust the tax items and tax rate of the current consumption tax of China. Thus, the tax rate for bias tyre dropped to 3% from the previous 10% while the tax-free policy for radial tyre keeps on working. The adjustment began to be implemented on April 1. The tax rate adjustment had an impact of RMB14,843,800 on the consumption tax during the report period and is thus predicted to produce an impact of RMB49,350,000 on the whole year's consumption tax . (3) During the report period, Shanghai Yangpu House & Land Management Bureau sold the using right of the state-owned land of 3/2 Qiu area at No. 26 Lane of the Pujiang Neighbourhood by listing it in relevant institutions in 2005 upon relevant laws, regulations and rules including "Urban Real Estate Administration Law of P.R.C." and upon approval by Shanghai Land Using Right Transfer, Bid Invitation and Auction Office. Through authorization by the Company's Board of Directors, its subsidiary Shanghai Double Coin Biyuan Real Estate Co., Ltd. bid for the aforesaid land lot. Shanghai Double Coin Biyuan Real Estate Co., Ltd. won the bid for the aforesaid land lot at the closing price of RMB214.90 million and paid off the transfer fee of the aforesaid land lot to Shanghai House & Land Resources Management Bureau on July 14, 2006 upon the "Transfer Contract of the State-owned Land Using Right" it had signed with Shanghai Huangpu House & Land Management Bureau. 14) Index of information disclosure ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Event Nameandpageof Publishin Publishing thenewspaperf gdate websiteand ordisclosure retrievalp ath AnnouncementonResolutionsoft PageC7of"Shan January21 www.sse.co he5thMeetingofthe5thBoardofD ghaiSecuritie ,2006 m.cn irectors sNews"PageB4o f"SouthChinaM orningPost" RemarksonEquityDivisionRefor PageC20of"Sha March6,20 www.sse.co moftheCompany(Abstract) nghaiSecuriti 06 m.cn esNews" AnnouncementonResolutionsoft PageC20of"Sha March6,20 www.sse.co he7thMeetingofthe5thBoardofD nghaiSecuriti 06 m.cn irectors esNews" NoticeonConveningShareholder PageC20of"Sha March6,20 www.sse.co s'Meetingon2006EquityDivisio nghaiSecuriti 06 m.cn nReformrelevanttoAShare esNews" AnnouncementonNegotiationand PageA15of"Sha March15,2 www.sse.co AdjustmentoftheSchemeofEquit nghaiSecuriti 006 m.cn yDivisionReform esNews" 2005AnnualReport(Abstract) PageC11of"Sha March21,2 www.sse.co nghaiSecuriti 006 m.cn esNews"PageB4 of"SouthChina MorningPost" AnnouncementonResolutionsoft PageC11of"Sha March21,2 www.sse.co he8thMeetingofthe5thBoardofD nghaiSecuriti 006 m.cn irectors esNews"PageB4 of"SouthChina MorningPost" AnnouncementonResolutionsoft PageC11of"Sha March21,2 www.sse.co he4thMeetingofthe5thBoardofS nghaiSecuriti 006 m.cn upervisors esNews"PageB4 of"SouthChina MorningPost" NoticeonConveningthe2005Annu PageC11of"Sha March21,2 www.sse.co alGeneralMeetingofShareholde nghaiSecuriti 006 m.cn rs esNews"PageB4 of"SouthChina MorningPost" FirstPromptAnnouncementonCon PageC23of"Sha March22,2 www.sse.co veningShareholders'Meetingon nghaiSecuriti 006 m.cn 2006EquityDivisionReformrele esNews" vanttoAShare AnnouncementonReceivingtheWr PageC74of"Sha March29,2 www.sse.co ittenReplyontheSchemeofEquit nghaiSecuriti 006 m.cn yDivisionReformfromShanghaiS esNews" tate-ownedAssetsSupervisiona ndAdministrationCommission SecondPromptAnnouncementonCo PageC17of"Sha April3,20 www.sse.co nveningShareholders'Meetingo nghaiSecuriti 06 m.cn n2006EquityDivisionReformrel esNews" evanttoAShare NoticeonCancellationofSomePr PageC37of"Sha April7,20 www.sse.co oposalstobeSubmittedandAddit nghaiSecuriti 06 m.cn ionofProvisionalProposalstoA esNews"PageB1 nnualGeneralShareholders'Mee 7of"SouthChin tingof2005 aMorningPost" AnnouncementonVotingResultso PageC31of"Sha April11,2 www.sse.co fShareholders'Meetingon2006E nghaiSecuriti 006 m.cn quityDivisionReformrelevantt esNews" oAShare NoticeonAddingProvisionalPro PageC5of"Shan April15,2 www.sse.co posalstotheAnnualShareholder ghaiSecuritie 006 m.cn s'Meetingof2005 sNews"PageA5o f"HongKongCom mercialDaily" AnnouncementonDailyAssociati PageC5of"Shan April15,2 www.sse.co veTransactionsin2006 ghaiSecuritie 006 m.cn sNews"PageA5o f"HongKongCom mercialDaily" FirstQuarterlyReportof2006 PageC71of"Sha April20,2 www.sse.co nghaiSecuriti 006 m.cn esNews"PageB1 3of"SouthChin aMorningPost" AnnouncementonResolutionsofA PageC19of"Sha May9,2006 www.sse.co nnualGeneralShareholders'Mee nghaiSecuriti m.cn tingof2005 esNews"PageB6 of"SouthChina MorningPost" AnnouncementonReceivingtheWr PageB27of"Sha May15,200 www.sse.co ittenReplyontheSchemeEquityD nghaiSecuriti 6 m.cn ivisionReformfromtheMinistry esNews" ofCommerce AnnouncementonImplementation PageB20of"Sha May17,200 www.sse.co oftheSchemeofEquityDivisionR nghaiSecuriti 6 m.cn eform esNews" AnnouncementonDividendDistri PageB43of"Sha May30,200 www.sse.co butionfor2005 nghaiSecuriti 6 m.cn esNews"PageB6 of"SouthChina MorningPost" AnnouncementonResolutionsoft PageB14of"Sha June8,200 www.sse.co he11thMeetingofthe5thBoardof nghaiSecuriti 6 m.cn Directors esNews"PageB3 of"SouthChina MorningPost" ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 7. Financial Report 1) Auditing Report The financial statements and their annotations of the report period have not been audited. 2) Financial statement Balance Sheet as of June 30, 2006 (Unaudited) Compiling unit: Shanghai Tyre & Rubber Co., Ltd. unit: RMB ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Item Consolidated Parentcompany Closingbala Beginningba Closingbala Beginningb nce lance nce alance Currentassets: Monetaryfund 704,231,348 522,607,486 470,768,238 218,042,66 .00 .33 .55 2.26 Short-terminves 0.00 --- --- --- tment Notesreceivable 104,156,965 170,106,368 165,619,130 275,707,88 .16 .34 .47 5.56 Dividendreceiva 0.00 11,148,464. --- 11,138,023 ble 92 .57 Interestreceiva 0.00 --- --- --- ble Accountreceivab 637,221,402 633,870,488 547,377,041 439,892,40 le .05 .14 .27 2.29 Otherreceivable 425,198,839 482,153,738 720,019,823 612,732,46 s .15 .31 .23 6.02 Advancemoney 268,041,547 102,719,393 82,453,489. 65,250,892 .37 .27 97 .10 Coverdeficitbys 508,090.19 508,090.19 --- --- tatesubsidiesof receivable Inventory 1,232,318,0 967,214,894 830,447,440 628,324,96 47.86 .61 .54 3.44 Deferredandprep 4,561,816.4 37,151.00 262,321.60 aidexpenses 4 Long-termCredit or'srightsinves tmentduewithino neyear Othercurrentass ets Totalofcurrenta 3,376,238,0 2,890,366,0 2,816,947,4 2,251,089, ssets 56.22 75.11 85.63 295.24 Long-terminvest ment Long-termequity 472,827,419 483,200,328 746,889,896 849,216,20 investment .33 .36 .39 9.09 Long-termcredit 0.00 or'srightsinves tment Totaloflong-ter 472,827,419 483,200,328 746,889,896 849,216,20 minvestments .33 .36 .39 9.09 Incl.:consolida 26,669,106. 28,931,151. tedpricediffere 99 61 nces Incl.:equityinv estmentbalance Fixedassets: Originalpriceof 4,094,180,9 4,103,246,8 2,718,097,8 2,717,297, fixedassets 61.01 46.31 37.54 046.96 Less:accumulate 1,819,476,8 1,743,423,1 1,348,760,4 1,292,144, ddepreciation 22.29 58.66 88.31 720.88 Netvalueoffixed 2,274,704,1 2,359,823,6 1,369,337,3 1,425,152, assets 38.72 87.65 49.23 326.08 Less:depreciati 186,915,046 187,137,134 108,201,696 108,201,69 onreservesforfi .03 .87 .29 6.29 xedassets Netfixedassets 2,087,789,0 2,172,686,5 1,261,135,6 1,316,950, 92.69 52.78 52.94 629.79 Engineeringmate 798,319.52 519,984.52 482,014.57 192,699.57 rials Projectinconstr 574,817,013 356,921,109 83,851,972. 35,453,102 uction .32 .21 21 .14 Disposaloffixed -164,425.98 --- --- --- assets Totaloffixedass 2,663,239,9 2,530,127,6 1,345,469,6 1,352,596, ets 99.55 46.51 39.72 431.50 Intangibleasset sandotherassets : Intangibleasset 274,983,399 114,520,877 42,472,646. 42,772,888 s .84 .87 33 .61 Long-termdeferr 5,758,278.6 5,021,251.1 --- --- edandprepaidexp 3 8 enses Otherlong-terma 15,518,388. 14,758,369. 786,585.58 --- ssets 88 04 Totalofintangib 296,260,067 134,300,498 43,259,231. 42,772,888 leandotherasset .35 .09 91 .61 s Deferredtaxes: Debititemofdefe rredtaxes Totalofassets 6,808,565,5 6,037,994,5 4,952,566,2 4,495,674, 42.45 48.07 53.65 824.44 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Head of the enterprise: Fan Xian Chief of accounting work: Xue Jianmin Head of the accounting department: Xue Jianmin Balance Sheet as of June 30, 2006 (Continued) Compiling unit: Shanghai Tyre & Rubber Co., Ltd. unit: RMB ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Item Consolidated Parentcompany Closingbala Beginningba Closingbal Beginningba nce lance ance lance Currentliabilit ies: Short-termloans 1,812,652,9 1,578,179,7 1,451,399, 1,145,474,5 04.96 01.14 104.96 60.82 Notespayable 215,222,859 109,834,360 269,677,60 124,648,466 .08 .04 3.97 .19 Accountpayable 625,135,437 633,077,304 268,544,33 277,703,659 .62 .38 6.85 .90 Depositreceived 287,248,797 103,280,040 7,379,957. 3,227,065.9 .65 .82 12 7 Wagesandsalarie 2,759,803.2 699,128.49 --- --- spayable 3 Welfareexpenses 7,882,723.0 6,271,644.2 --- --- payable 9 2 Dividendpayable 849,817.74 219,375.00 849,817.74 219,375.00 Taxespayable 127,802,368 165,495,423 40,125,344 72,231,423. .91 .82 .93 62 Otherpayablesto 2,810,418.8 3,152,107.7 8,667.77 54,470.01 thegovernment 5 2 Otherpayables 404,299,500 361,232,145 236,912,97 218,583,475 .47 .03 7.47 .45 Drawingexpensei 31,317,767. 3,852,025.5 4,819,760. 3,730,505.5 nadvance 78 6 27 6 Anticipationlia bilities Long-termdebtsd 751,711,045 771,091,729 693,338,83 694,589,300 uewithinoneyear .54 .10 0.71 .52 Othercurrentlia 0.00 --- --- --- bilities Totalofcurrentl 4,269,693,4 3,736,384,9 2,973,056, 2,540,462,3 iabilities 44.92 85.32 401.79 03.04 Long-termliabil ities: Long-termloans 725,604,367 561,583,915 252,491,35 252,491,355 .74 .09 5.09 .09 Bondspayable 0.00 --- --- --- Long-termaccoun 93,863,544. 93,863,544. 6,079,172. 6,079,172.6 tpayables 23 23 60 0 Specialpayable 1,470,000.0 1,470,000.0 --- --- 0 0 Otherlong-terml 0.00 --- --- --- iabilities Totaloflong-ter 820,937,911 656,917,459 258,570,52 258,570,527 mliabilities .97 .32 7.69 .69 Deferredtaxes: Credititemofdef erredtaxes Totalofliabilit 5,090,631,3 4,393,302,4 3,231,626, 2,799,032,8 ies 56.89 44.64 929.48 30.73 Minorityinteres 222,957,437 164,378,865 t .10 .51 Owner'sequity(o rshareholders'e quity): Issuedcapitalst 889,467,722 889,467,722 889,467,72 889,467,722 ock .00 .00 2.00 .00 Less:investment returned Netvalueofissue 889,467,722 889,467,722 889,467,72 889,467,722 dcapitalstock .00 .00 2.00 .00 Capitalsurplus 584,257,066 584,257,066 685,371,48 675,464,094 .75 .75 9.00 .86 Surplusreserve 40,787,870. 40,787,870. 16,285,585 16,285,585. 44 44 .47 47 Incl.:statutory 13,026,472. 13,026,472. 3,460,630. 3,460,630.8 welfarereserve 99 99 87 7 Undistributedpr 101,802,645 87,412,709. 129,814,52 115,424,591 ofit .35 03 7.70 .38 Plannedcashdivi dendfordistribu tion Differencesaris ingfromthetrans lationofforeign currencyfinanci alstatements Less:unconfirme 121,338,556 121,612,130 dinvestmentloss .08 .30 Totalofowner'se 1,494,976,7 1,480,313,2 1,720,939, 1,696,641,9 quity(orshareho 48.46 37.92 324.17 93.71 lders'equity) Totalofliabilit 6,808,565,5 6,037,994,5 4,952,566, 4,495,674,8 iesandowner'seq 42.45 48.07 253.65 24.44 uity(orsharehol ders'equity) ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Head of the enterprise: Fan Xian Chief of accounting work: Xue Jianmin Head of the accounting department: Xue Jianmin Profit and Statement of Profit Distribution from January to June 2006 Compiling unit: Shanghai Tyre & Rubber Co., Ltd. unit: RMB ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Item Consolidated Parentcompany Currentper Sameperiod Currentperi Sameperiod iod oflastyear od oflastyear 1.Mainbusinessinc 2,725,485, 2,308,031, 2,236,278,7 1,667,310, ome 497.75 348.13 33.86 082.80 Less:Mainbusiness 2,386,606, 1,901,012, 2,077,420,1 1,443,121, cost 498.64 876.74 93.75 165.49 Mainbusinesstaxan 19,353,037 37,975,288 13,705,525. 28,229,074 dsurtax .44 .14 76 .10 2.Mainbusinesspro 319,525,96 369,043,18 145,153,014 195,959,84 fit(lossin"-") 1.67 3.25 .35 3.21 Plus:Otherbusine 46,335,332 39,091,519 37,881,478. 29,364,312 ssprofit(lossin"- .69 .59 04 .32 ") Less:Operatingexp 130,455,63 122,479,28 33,825,982. 36,758,592 enses 3.02 5.32 39 .61 Administrativeexp 152,302,60 157,911,00 63,351,388. 38,457,158 enses 7.68 6.04 41 .53 Financecharge 64,652,947 59,454,386 48,012,994. 48,661,016 .63 .40 88 .06 3.Operatingprofit 18,450,106 68,290,025 37,844,126. 101,447,38 (lossin"-") .03 .08 71 8.33 Plus:Investmenti 27,150,091 -23,508,67 19,073,563. -41,529,91 ncome(lossin"-") .06 9.39 77 3.96 Subsidyincome 995,000.00 1,189,192. --- --- 00 Non-operatinginco 7,365,796. 155,980.86 1,959,747.8 4,358.48 me 69 2 Less:Non-business 1,966,599. 3,800,741. 14,115.88 3,341,911. expenditure 03 55 65 4.Totalprofit(tot 51,994,394 42,325,777 58,863,322. 56,579,921 allossin"-") .75 .00 42 .20 Less:Incometax 2,445,762. 2,481,504. 90 70 Less:Minorityshar -9,588,264 -17,006,38 eholders'profitan .79 8.08 dloss Plus:Unconfirmedi -273,574.2 -270,739.1 nvestmentloss(con 2 8 solidatedstatemen ts) 5.Netprofit(lossi 58,863,322 56,579,921 58,863,322. 56,579,921 n"-") .42 .20 42 .20 Plus:Undistribute 87,412,709 -823,747,2 115,424,591 -796,719,0 dprofitatthebegin .03 52.90 .38 24.13 ningoftheyear Otherstransferred 796,719,02 796,719,02 in 4.13 4.13 6.Distributablepr 146,276,03 29,551,692 174,287,913 56,579,921 ofit 1.45 .43 .80 .20 Less:withdrawalof statutorysurplusr eserve Withdrawalofstatu torywelfarereserv e Withdrawalofstaff bonusandwelfarefu nd(consolidatedst atements) Withdrawalofreser vefund Withdrawalofenter prisedevelopmentf und Returninvestmentb yprofit 7.Profitdistribut 146,276,03 29,551,692 174,287,913 56,579,921 abletoshareholder 1.45 .43 .80 .20 s Less:Preferencesh aresdividends Withdrawalofother surplusreserve Ordinarysharesdiv 44,473,386 44,473,386. idends .10 10 Ordinarysharesdiv idendsconvertedto shares 8.Undistributedpr 101,802,64 29,551,692 129,814,527 56,579,921 ofit(uncoveredlos 5.35 .43 .70 .20 sin"-")) Supplementaryinfo rmation: 1)Incomefromsalea 9,953,882. -1,251,710 9,953,882.9 -4,357,586 nddisposalofdepar 97 .43 7 .80 tmentsorinvestmen tobjects 2)Lossfromnatural disaster 3)Increase(ordecr ease)oftotalprofi tcausedbychangesi naccountingpolicy 4)Increase(ordecr ease)oftotalprofi tcausedbychangesi naccountingestima te 5)Lossfromreorgan izationofdebts 6)Other ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Head of the enterprise: Fan Xian Chief of accounting work: Xue Jianmin Head of the accounting department: Xue Jianmin Cash Flow Statement from January to June 2006 Compiling unit: Shanghai Tyre & Rubber Co., Ltd. unit: RMB ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Item Consolidated Parentcompany 1Cashflowfromoperatingactivities: Cashreceivedfromsellingproductsan 3,410,189,648. 2,790,305,484.1 drenderingservice 43 2 Taxrebatereceived 9,485,937.83 2,481,028.28 Othercashreceivedrelatedtooperati 436,982,187.55 353,750,210.73 ngactivities Subtotalofcashinflow 3,856,657,773. 3,146,536,723.1 81 3 Cashpaidforgoodsandservice 2,899,699,728. 2,445,055,153.3 04 4 Cashpaidtoandforemployees 200,729,099.02 128,525,978.27 Taxespaid 115,166,222.59 75,325,499.10 Othercashpaidrelatedtooperatingac 399,073,462.59 481,463,409.35 tivities Subtotalofcashoutflow 3,614,668,512. 3,130,370,040.0 24 6 Netcashflowfromoperatingactivitie 241,989,261.57 16,166,683.07 s 2.Cashflowfrominvestmentactivitie s: Cashreceivedfrominvestmentreturn 47,186,650.16 46,885,601.38 Incl.:Cashreceivedfromsellingsubd iaries Cashreceivedfrominvestmentincome 14,862,181.95 14,338,735.22 Cashreceivedfromdisposaloffixedas 1,973,213.20 --- sets,intangibleassetsandotherlong -termassets Othercashreceivedrelatedtoinvestm --- --- entactivities Subtotalofcashinflow 64,022,045.31 61,224,336.60 Cashpaidforestablishingfixedasset 405,023,372.01 39,665,914.26 s,intangibleassetsandotherlong-te rmassets Cashpaidforinvestment 500,000.00 500,000.00 Othercashpaidrelatedtoinvestmenta 27,861,127.44 --- ctivities Subtotalofcashoutflow 433,384,499.45 40,165,914.26 Netcashflowfrominvestmentactiviti -369,362,454.1 21,058,422.34 es 4 3.Cashflowfromcapitalraisingactiv ities: Cashreceivedbyabsorbinginvestment 12,614,927.90 --- Incl.:Cashreceivedbysubsidiariesa 12,614,927.90 bsorbinginvestmentfromminorityequ ity Cashreceivedfromloans 1,890,919,446. 1,438,919,446.1 19 9 Othercashreceivedrelatedtocapital --- --- raisingactivities Subtotalofcashinflow 1,903,534,374. 1,438,919,446.1 09 9 Cashpaidfordebts 1,492,044,661. 1,132,772,661.3 30 0 Cashpaidfordistributionofdividend 101,465,772.36 90,000,897.69 andprofitorliquidationofinterest Incl.:Dividendpaidtominorityshare holders Othercashpaidrelatedtocapitalrais --- --- ingactivities Incl.:Cashpaidtominoritysharehold ersbydecreaseofcapitalofsubsidiar ies Subtotalofcashoutflow 1,593,510,433. 1,222,773,558.9 66 9 Netcashflowfromcapitalraisingacti 310,023,940.43 216,145,887.20 vities 4.Influenceofchangeinexchangerate -1,026,886.19 -645,416.32 oncash 5.Netincreaseofcashandcashequival 181,623,861.67 252,725,576.29 ents ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Head of the enterprise: Fan Xian Chief of accounting work: Xue Jianmin Head of the accounting department: Xue Jianmin Cash Flow Statement from January to June, 2005 (continued) Compiling unit: Shanghai Tyre & Rubber Co., Ltd. unit: RMB ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Supplementaryinformation Consolidated Parentcompany 1.Translationofnetprofitintocashf lowofoperatingactivities: Netprofit 58,863,322.42 58,863,322.42 Plus:minorityshareholders'profit -9,588,264.79 --- andloss(lossin"-") Less:unconfirmedinvestmentloss 273,574.22 --- Plus:appropriationofprovisionfora 807,890.63 -4,265,753.11 ssetsimpairment Depreciationoffixedassets 87,454,127.62 57,279,955.41 Amortizationofintangibleassets 2,688,978.03 300,242.28 Amortizationoflong-termdeferredan 737,027.45 --- dprepaidexpenses DecreaseofDeferredandprepaidexpen -4,524,665.44 -262,321.60 ses("-":increase) Increaseofaccruedexpenses("-":dec 27,465,742.22 1,089,254.71 rease) Lossfromdisposaloffixedassets,int 1,548,246.56 -45,884.12 angibleassetsandotherlong-termass ets("-":income) Lossfromfixedassetsretirement 3,257.13 --- Financecharge 62,472,115.72 47,674,133.31 Investmentloss("-":income) -27,150,091.06 -19,073,563.77 Deferredtaxationcredit("-":debit) --- --- Decreaseofinventory("-":increase) -264,611,639.6 -202,122,477.10 9 Decreaseofoperatingreceivables("- -26,113,493.29 -69,289,921.83 ":increase) Increaseofoperatingpayables("-":d 332,210,282.28 146,019,696.47 ecrease) Other --- --- Netcashflowfromoperatingactivitie 241,989,261.57 16,166,683.07 s 2.Investmentandcapitalraisingacti vitiesnotconcerningcashrevenueand expenditure: Capitalizationofdebts Convertiblebondsduewithinoneyear Fixedassetsleasedbyfinancing 3.Increaseofcashandcashequivalent : Closingbalanceofcash 704,231,348.00 470,768,238.55 Less:Beginningbalanceofcash 522,607,486.33 218,042,662.26 Plus:Closingbalanceofcashequivale --- --- nts Less:Beginningbalanceofcashequiva --- --- lents Netincreaseofcashandcashequivalen 181,623,861.67 252,725,576.29 ts ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Head of the enterprise: Fan Xian Chief of accounting work: Xue Jianmin Head of the accounting department: Xue Jianmin Assets Impairment Statement (Consolidated) June 30, 2006 Compiling unit: Shanghai Tyre & Rubber Co., Ltd. unit: RMB ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Item Beginningbala Increasedur Decreased Closingbalan nce ingcurrentp uringcurr ce eriod entperiod Totalofbaddeb 428,716,458.9 8,958,159.0 7,760,476 429,914,141. treserves 3 9 .22 80 Incl.:Account 302,259,707.7 8,958,159.0 7,334,826 303,883,040. sreceivable 4 9 .08 75 Otherreceivab 126,456,751.1 425,650.1 126,031,101. les 9 4 05 Totalofprovis --- --- --- --- ionforshort-t erminvestment depreciation Incl.:Stockin vestment Bondinvestmen t Totalofprovis 15,950,292.26 --- 491,513.5 15,458,778.7 ionforinvento 6 0 rydepreciatio n Incl.:Invento 3,566,688.25 491,513.5 3,075,174.69 rygoods 6 Rawmaterials 2,264,080.93 2,264,080.93 Totalofprovis 28,760,891.52 --- 389,792.2 28,371,099.2 ionforlong-te 4 8 rminvestmentd epreciation Incl.:long-te 28,760,891.52 389,792.2 28,371,099.2 rmequityinves 4 8 tment Long-termcred itor'srightsi nvestment Totalofprovis 187,137,134.8 --- 222,088.8 186,915,046. ionforfixedas 7 4 03 setsimpairmen t Incl.:Housesa 53,614,789.78 - - 53,614,789.7 ndbuildings 8 Machineryande 119,048,784.5 0.00 222,088.8 118,826,695. quipment 0 4 66 Provisionfori --- --- --- --- ntangibleasse tsimpairment Incl.:Patentr ight Ownershipoftr ademarks Provisionford 873,470.99 --- --- 873,470.99 epreciationof projectsinpro gress Provisionford --- --- --- --- epreciationof entrustedloan s Totalofassets 661,438,248.5 8,958,159.0 8,863,870 661,532,536. impairment 7 9 .86 80 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Head of the enterprise: Fan Xian Chief of accounting work: Xue Jianmin Head of the accounting department: Xue Jianmin Assets Impairment Statement (Parent Company) June 30, 2006 Compiling unit: Shanghai Tyre & Rubber Co., Ltd. unit: RMB ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Item Beginningbal Increas Decreas Closingbal ance eduring eduring ance current current period period Totalofbaddebtreserves 314,053,038. --- 4,248,7 309,804,24 71 91.73 6.98 Incl.:Accountsreceivab 294,591,364. 4,248,7 290,342,57 le 98 91.73 3.25 Otherreceivables 19,461,673.7 19,461,673 3 .73 Totalofprovisionforsho --- --- --- --- rt-terminvestmentdepre ciation Incl.:Stockinvestment Bondinvestment Totalofprovisionforinv 1,877,588.83 --- --- 1,877,588. entorydepreciation 83 Incl.:Inventorygoods Rawmaterials 1,877,588.83 1,877,588. 83 Totalofprovisionforlon 12,483,305.4 --- 16,961. 12,466,344 g-terminvestmentdeprec 6 38 .08 iation Incl.:long-termequityi 12,483,305.4 16,961. 12,466,344 nvestment 6 38 .08 Long-termcreditor'srig htsinvestment Totalofprovisionforfix 108,201,696. --- --- 108,201,69 edassetsimpairment 29 6.29 Incl.:Housesandbuildin 1,093,114.64 1,093,114. gs 64 Machineryandequipment 93,657,625.2 93,657,625 5 .25 Provisionforintangible --- --- --- --- assetsimpairment Incl.:Patentright Ownershipoftrademarks Provisionfordepreciati --- --- --- --- onofprojectsinprogress Provisionfordepreciati --- --- --- --- onofentrustedloans Totalofassetsimpairmen 436,615,629. --- 4,265,7 432,349,87 t 29 53.11 6.18 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Head of the enterprise: Fan Xian Chief of accounting work: Xue Jianmin Head of the accounting department: Xue Jianmin SHANGHAI TYRE & RUBBER CO., LTD NOTES TO THE SEMI YEAR FINANCIAL STATEMENTS OF 2006 1. Corporation Information Shanghai Tyre & Rubber Co., Ltd (the “Company”), whose precedent is Shanghai Tyre & Rubber (Group) Co., was approved to incorporate into a Sino-foreign joint company limited by shares in May 1992. It was in December 1992 that the Company’s share went public listing in SSE. The registration number of the renewed business license is QGHZZD019010. In 2003 the registration address of the Company was revised as Room 605, No.1251 Jiangchuan Road, Minhang District, Shanghai. Tax registration certificate number of the Company is 310043607218997. Legal representative of the Company is Fan Xian. As of 30 June 2006, share equities amount to 889,467,722.00 Yuan, comprising 589,841,461.00 Yuan owned by the State; 11,910,261.00 Yuan owned by state-owned legal persons; 5,720,000.00 Yuan owned by legal persons; 38,896,000.00 Yuan ordinary shares and 243,100,000.00 Yuan domestically listed foreign investment shares. The Company is in the manufacturing industry. The principal activities of the Company are the manufacture of various types of rubber tyres, rubber shoes, other rubber products, rubber related materials and auxiliary materials, rubber manufacture machineries, moulds as well as production and sale of rubber related steel silk (not including restricted items). The major products of the Company are rubber tyres of various types. 2. Principal accounting policies, estimates and consolidation basis adopted by the Company 2.1 Accounting System adopted The Accounting Standard for Business Enterprise of the People’s Republic of China and Accounting Regulations for Business Enterprise of the People’s Republic of China and Supplementary. 2.2 Fiscal year Gregorian calendar, from January 1 to December 31 2.3 Recording currency Recording currency is RMB. 2.4 Recording principle and valuation basis The financial statements are prepared on accrual basis and follow the historical cost convention. 2.5 Transactions of foreign currencies Foreign currency transactions are converted into RMB for recording purpose at the exchange rate on the first day of the period when the transaction occurs. Adjustments are made to foreign currency accounts according to the exchange rate prevailing on the balance sheet date. Conversion differences arising from those specific borrowings are to be capitalized as part of the cost of the construction in progress in the period before the fixed asset being acquired and constructed has not yet reached its expected usable condition. Conversion differences arising from other accounts and currencies are charged to financial expenses. 2.6 Conversion of financial statements in foreign currency: According to CKZ(1995)11, except that the Owner’s equity items (excluding Undistributed profit item) are converted into RMB at the exchange rate when the transaction occurs, Assets, Liabilities and Profit&Loss Account items are converted into RMB at the the exchange rate prevailing on the consolidated balance sheet date. 2.7 The recognition of cash equivalents When preparing cash flow statement, investments which are kept for a short period of time (matured within three months from the purchase date); with high liquidity; easily and readily convertable to cash as well as with a low risk of value change will be recognised as cash equivalents. 2.8 Short-term investment Investments are recorded at the initial investment cost when the transaction occurs, plus any related taxes and handling charges etc. Short-term investments arising from debtors under debt restructuring are recorded at the book value of the debts receivable; Short-term investments arising from non-monetary transactions are recorded at the book value of the assets surrendered. Provision for impairment losses on short-term investment: At the interim and the year end, in case the recoverable value of long-term investment is lower than the carrying amount, the difference is recognized as a provision for impairment losses on short-term investment. Provision for impairment loss is recognized by individual investment project. The investment income is recognized when the short-term investment is disposed. The dividends and interests shared received will be offset the investment cost or the related receivable. 2.9 Evaluation of bad debts Recognition of bad debts: Uncollected accounts arising from repeal and liquidation of debtor after taking legal clearance procedures, from the death of debtor leaving no assets to pay off and nobody to assume the obligations, accounts past due with strong evidence to show the debtors failed to repay obligations are considered as bad debts and shall be written off in accordance with the approval of the board of directors. Recording of bad debts: Using allowance method. Provision for Account receivable will be recognized by aging analysis and specific identification method. Provision for other receivable will be recognized by specific identification method. Provision and provision rate for bad debts: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Aging Provisionrate Within1year 5% 1-2years 30% 2-3years 50% Over3years 100% ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 2.10 Inventory Category Materials in transit, raw materials, containers, low cost and short lived articles, finished goods (including purchased goods; self-made finished goods; self-made half-finished products), consignment materials, delivered goods, consignment goods to be sold, entrusted goods to be sold, delivered goods sold by installment, development products, development cost. Evaluation method The raw materials are recorded at the planned cost and at the end of month; the planned cost is adjusted to actual cost based on material cost difference ratio. The inventories are recorded at actual cost when acquired and calculated using weighted average method when issued. Inventory arising from debtors under debt restructuring are recorded at the book value of the debts receivable; inventory arising from non-monetary transactions are recorded at the book value of the assets surrendered. Amortization of low cost and short- lived articles and containers: Tyre mould are amortized under amortization method Others are amortized under lump-sum amortization method Inventories developed or produced for leasing purpose are recorded under “Other long-term assets” on balance sheet. Accounting for land developing: Land developing project: the expenditures incurred in the process of land developing are recorded individually as the costs of the land developing; Land developing with real estate: the expenditures should be allocated to the cost of real estates respectively on square meters actual occupied basis. Accounting for public facilities expenditures 1. Untradeable public facilities:allocated to the cost of real estaste on earning proportion basis; 2. Tradeable public facilities: the expenditures incurred should be recorded to related facilities cost item. Amortisation for development products under lease The cost of development products under lease should be amortized evenly over its life in its certificate of proprietary rights. The amortization period should not exceed 50 yeasrs. The amortization is accounted for operating cost of development products undr lease by month. List of development products under lease at year-end The carrying amount of the development products held with an intention for lease should be listed undr the item of ‘Other long-term assets’ in the balance sheet. System of stock inventory: Perpetual inventory system Provision for diminution in value of inventory After the interim and year-end stocktaking, provision for diminution in value of inventory is recognized (by individual unit) based on the lower of the cost and the net realizable value of inventory. Provision for diminution in value of inventory is recognized by individual item. 2.11 Long-term investment Investments are recorded at the initial investment cost when the transaction occurs, plus any related taxes and handling charges etc. Equity investments arising from debtors under debt restructuring are recorded at the book value of the debts receivable; Equity investments arising from non-monetary transactions are recorded at the book value of the assets surrendered. Valuation of long-term equity investment: If company holds no control, or no control with associates, or has no significant influence on the investee enterprise, cost method is adopted; otherwise equity method is used. While equity method is used, amortization of discount on acquisition of long term equity investment: In case the contract stipulates the terms of investment, the discount is amortized in line with the term of investment, otherwise 10-year straight-line amortization method is adopted. Difference arising from initial investment cost and the share of investee’s net assets are charged to Surplus Reserve Provision for equity investment. The differences occurred before 2003 should be amortized under previous principal. Differences arising from new investment thereafter should be dealt in accordance with CK (2004) No. 3. Valuation of long-term debt investment: At the interim and year end, interest is accrued at the rate stipulated in the contract or at the par rate on the debenture note and the surplus or discount is amortized under straight line method. If the accrued interest cannot be received, cease to accrue interest and reverse the accrued interest. Provision for impairment losses on long-term investment: At the interim and year end, in case the recoverable value of long-term investment is lower than the carrying amount, the difference is recognized as a provision for impairment losses on long-term investment. Since 2004 when making provision for impairment losses on long-term investment, differences arising from equity investment recognized in previous period shall be dealt in accordance with CK (2004) No. 3. Provision for impairment loss is recognized by individual investment project. 2.12 Valuation of entrusted loan The entrusted loans are recorded at the actual amount. At the year-end, the Company calculates the interests receivable at the relevant rate stipulated in the entrusted loan contract. If the accrued interests cannot be received; the Company stops calculating the interests receivable and writes off the accrued interests. At the interim and year-end, a provision for impairment losses on entrusted loan is recognized when the recoverable amount of entrusted loan is lower than the carrying value. 2.13 Fixed assets and depreciation a) Fixed assets are tangible assets held for the purpose of manufacturing, rendering services, lending or managing and held for over one year with high unit cost. b) Fixed assets are categorized as Buildings and Constructions, Specific equipment, General equipment, Transportation equipment, Others, Improvement on Fixed Assets and Expenditure for Leased Fixed Assets Improvement. c) Fixed assets are usually recorded at the actual cost. Fixed assets arising from debtors under debt restructuring are recorded at the book value of the debts receivable; fixed assets arising from non-monetary transactions are recorded at the book value of the assets surrendered. The financial leased assets are recorded at the original book value at the beginning of the lease or the present value of the lowest lease payment whichever is lower. If the financial leased assets amount to or less than 30% of the total asset of the Company, the financial leased assets are recorded at the lowest lease payment d) Depreciation of fixed assets is provided for on a straight-line basis. The annual depreciation rate will be set according to the fixed asset category, estimated useful life and residual rate. The estimated useful life and residual rate of fixed assets excluding the Soap Group and its subsidiaries: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Items Estimated Residualrat Annualdepreciat e ion Usefullife(y (%) Rate(%) ear) Buildingsandconstructi 30 5 3.17 ons Specificequipments 15 5 6.33 Generalequipments 15 5 6.33 Transportationequipmen 5 5 19 ts Others 5 5 19 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ The estimated useful life and annual depreciation rate of fixed assets adopted by Soap Group and its subsidiaries: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Items Estimated Residualrat Annualdepreciat e ion Usefullife(y (%) Rate(%) ear) Buildingsandconstructi 10-50 3-10 9.7-1.8 ons Specificequipments 10-20 3-10 9.7-4.5 Generalequipments 5 3-10 19.4-18 Transportationequipmen 5-10 3-10 19.4-9 t Others 5 3-10 19.4-18 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Depreciation of improvement on fixed assets that can be capitalized is provided for on a straight-line basis during the interval between the two improvements, or remaining useful life whichever is shorter. Depreciation of operating lease assets improvement expenses is provided for on a straight-line basis during the remaining leasehold period or remaining useful life whichever is shorter. Depreciation of financial lease assets is provided for during the remaining useful life if the Company is certain to obtain the ownership of the assets after the leasehold period is over; Depreciation of financial lease assets is provided for during the leasehold period or remaining useful life whichever is shorter if the Company is not certain to obtain the ownership of the assets after the leasehold period is over. Depreciation of improvement on financial lease assets that can be capitalized is provided for on a straight-line basis during the interval between the two improvements, remaining leasehold period or remaining useful life whichever is shortest. e) Recognition of impairment losses for fixed assets: At the interim and the year end, a provision for impairment losses on fixed assets is recognized item by item when the recoverable amount of fixed assets is lower than the carrying amount due to continuing decline of market prices, technological obsolescence, or the assets are damaged or redundant for a long period. The provision is recognized by individual item. 2.14 Construction in progress Construction in progress is recorded at actual cost on the basis of identified projects and transferred to fixed asset when it has reached its working condition for its expected situation. In case the final project accounts have not been completed or approved, the asset should be transferred to fixed assets at an estimated value after the project accounts have been approved, the estimated values should be adjusted accordingly. Recognition of impairment losses for CIP At the interim and year-end, a provision for impairment losses on CIP is recognized for those projects where construction work has been suspended for a long period of time and is not expected to re-commence in three years, or with uncertainty of the economic benefits brought to the enterprise due to technological obsolescence, etc. Provision for impairment losses for CIP is recognized by individual project. 2.15 Intangible assets, deferred assets and other assets Intangible assets arising from debtors under debt restructuring are recorded at the book value of the debts receivable; Intangible assets arising from non-monetary transactions are recorded at the book value of the assets surrendered. Amortization is provided for on a straight-line basis. If the beneficial period or the eligible period is set either in the contract or in the law, amortization is provided for not longer than the period set; if the period is set in both the contract and in the law, the shorter one is applicable; if the period is set neither in the contract nor in the law, the period amortized can not be over ten years. Recognition of impairment losses for intangible assets: At the interim and year-end, a provision for impairment losses on intangible assets is recognized in accordance with the difference between the recoverable amount and the carrying amount in case that the intangible asset is replaced by other new technologies that adversely affect its ability to generate economic benefits; the market value of the intangible asset has declined significantly during the period and it is not expected to recover during the remaining amortization period; the legal protection period for the intangible asset has lapsed but it still has some value for use. The impairment loss is recognized by individual item. 2.16 Long-term deferred assets Preliminary expenses are charged into the profit and loss account in the first month when the Company’s operation commences. Other long-term assets are amortized evenly over the beneficial period, among which: the expenses for operating lease are amortized over the period stipulated in the contract. 2.17 Borrowing Costs Ancillary costs incurred in connection with the arrangement of specific borrowings are capitalized before the relevant assets being acquired or constructed is ready for its intended use. If the amount of ancillary costs is insignificant, it may be recognized as an expense in the period when incurred. The interest, amortization of surplus or discounts and exchange difference of specific borrowings should meet three criteria before capitalized: the capital costs have been occurred; the borrowing costs have been occurred; the acquisition and construction for the relevant assets to be ready for its intended use have been occurred. When the acquisition and construction work has been halted abnormally and continuously for over three months, the borrowing costs cease to be capitalized. When relevant assets being acquired or constructed is ready for its intended use, the borrowing costs cease to be capitalized. When part of relevant assets being acquired or constructed is ready for its intended use and can be used individually, the relevant borrowing costs cease to be capitalized. Ancillary costs incurred in connection with other borrowings are recognized as an expense in the period when incurred. b) The capitalized amount of borrowing costs is calculated semi annually. The capitalized amount of interest for each accounting period=the weighted average of the accumulated costs of relevant assets being acquired or constructed up till the balance sheet date * weighted average rate of borrowing interest The ancillary costs and exchange difference that meet the capitalization requirements are allowed to be capitalized directly at the actual amounts incurred. 2.18 Estimable liabilities The contingencies are recorded as estimable liabilities when they meet the following criteria: It is a current liability assumed by the Company. The carrying out of this liability probably causes benefit outflow from the Company. The amount of the liability can be measured reliably. 2.19 Recognition of revenue: Sale of goods: Revenue from the sale of goods is recognized when the enterprise has transferred to the buyer the significant risks and rewards of ownership of the goods; the enterprise retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; it is probable that the economic benefits associated with the transaction will flow to the enterprise; and the relevant amount of revenue and costs can be measured reliably. Rendering of services: When the provision of services is started and completed within the same accounting year, revenue is recognized at the time of completion of the services, receipt of the proceeds or obtaining the evidence to receive proceeds. When the provision of services is started and completed in different accounting years and the outcome of a transaction can be estimated reliably, revenue is recognized using the percentage of completion method at the balance sheet date. Transferring property rights: Revenue from the transferring property rights is recognized when the company enjoys the benefit, and the amount of the income can be measured reliably. Lease real estate: Revenue from the lease of real estate is recognized when Have lease contract、agreement or other advise of settlement.accepted by lessee; Fulfill the contract, issue the sales invoice andreceived the money or will receive the money reliably. The revelant amount of costs can be measured reliably. 2.20 Recognition of Unconfirmed loss from investments: If the investee suffers a loss, the Company assumes the related loss proportionately to the stock held and offset the book value of long-term equity invest. The usual limit is that when the long-term equity investment is offset to zero. The unconfirmed loss is recognized as unconfirmed loss from investments at balance sheet and statement of profit appropriation when preparing consolidated financial statements. 2.21 Enterprise income tax: Using enterprise income tax payable method 2.22 The basis for preparing consolidated financial statements According to, the consolidated financial statements are prepared according to the individual financial statements and other materials of the company and the subsidiaries. However, companies in special industry and subsidiaries of small size that consist with the are not to be consolidated. The equity investment within the group will be offset with the owner’s equity of the subsidiaries, as well as investment income within the group with profit appropriation of the subsidiaries and; transaction and liabilities within the group;The surplus reserve will be adjusted accordingly. b) No significant difference between the accounting policies and methods adopted by the parent company and subsidiaries. 3 Taxation 3.1 The main applicable tax and tax rate within the group ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Item Rate Note VAT 17% Goods(products)sales 13% Rubbersales ConsumptionTax 10% Salesoftypewithintheproducti oncycle(ExcludeRadialtyre) (Note) 8% ShampooproductsoftheSoapGrou p BusinessTax 5% 5%forotherbusiness Enterpriseincometa 27% ParentcompanyandShanghaiSoap x ManufacturingCo.,Ltd. 33% ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Note:On March 21, 2006,Ministry of Finance and State Administration of Taxtion issued a notice jointly, in which the Comsumption Tax on BIAS tyres had been adjusted. The taxation rate on BIAS tyres is dercreased from previous 10% to 3%. The taxation rate on RADIAL tyre is still 0%. The adjustment will be excuted from April 1, 2006. 3.2 Tax rebates Enterprise income tax: The enterprise income tax of Shanghai Tyre & Rubber Real Estate Management Company, registered in Pudong New Area, is levied at the rate of 15% since 1994 according to HCQY (1994) 158. The enterprise income tax of Shanghai Tyre & Rubber Co., Ltd. Supply and Marketing Co., Ltd., registered in Pudong New Area, is levied at the rate of 15% since June 1995 according to HCQY (1996) 20. The enterprise income tax of Shanghai Peony Printing Ink Co., Ltd. is levied at the rate of 15% for 2006. 4. Consolidated subsidiaries of the parent company: The headquarter of Shanghai Tyre&Rubber Co.,Ltd. Shanghai Tyre&Rubber Co.,Ltd. Zhengtai Rubber Factory (Note) Shanghai Tyre&Rubber Co.,Ltd. Dazhonghua Zhengtai Co.,Ltd. Shanghai Tyre&Rubber Co.,Ltd. Shuangqian Heavy Tyre Co.,Ltd. 5. The variance of consolidation scope: In current period, the number of consolidated companies is one less. In the 11th meeting of the 5th session of the Board, the proposal of transfer shares of Shanghai Tyre and Rubber (Group) Rugao Investment Co., Ltd. was approved. The registered capital of Shanghai Tyre and Rubber (Group) Rugao Investment Co., Ltd is 87.50 million. Shanghai Tyre and Rubber (Group) Co., Ltd. invested 71.60 million, dominated 81.83% of registered capital. Shanghai Tyre and Rubber (Group) Co., Ltd. sold it to natural person at 81 million. In current period Shanghai Tyre and Rubber (Group) Rugao Investment Co., Ltd.is not included in the consolidation scope. The controlled subsidiaries and joint ventures All the subsidiaries and joint ventures controlled by the company and the extent of consolidation: (Unit: RMB) ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Investee Register Busine Act Perce Perce Cons edcapita ssscop ual ntage ntage olid l e inv ofown ofcon ated est ershi solid (Yes men p ation /No) tfr omp are ntc omp any Shanghai 160,690, Domest 180 60% 60% Yes Soap(Gro 000 ictrad ,00 up)Co.,L ing 0,0 td 00 Shanghai 30,000,0 Resear 30, 100% 100% Yes Tyre&Rub 00 chandd 000 berCo.,L evelop ,00 td.TyreR oftyre 0 esearchI s. nstitute Shanghai Register Manufa USD 51.6% 51.6% Yes TyreandR edcapita cture, 18, ubber(Gr lUSD36,2 proces 740 oup)Ruga 70,000; s,asse ,70 oCo.,Ltd mbling 9,0 oftyre 00 s,rubb ershoe sandot herrub berpro ducts, materi als,ma chiner iesand moulds ,etc. Shanghai 21,000,0 Produc 19, 90.48 100% Yes Tyre&Rub 00.00 tionof 000 % berCo.,L rubber ,00 tdSupply produc 0 andMarke ts,bui tingCo., ldingm Ltd. ateria lsande lectri calpar ts Shanghai 36,670,0 Produc 33, 90% 100% Yes DaFuRubb 00.00 tionan 000 erCo.,Lt dsaleo ,00 d. frubbe 0 rtyres Shanghai 145,580, Tradin 131 90% 100% Yes XingYeDe 000.00 gofrub ,02 velopmen berpro 2,0 tCompany ducts, 00 metalm ateria lsande lectri calpar ts Shanghai 28,510,0 Produc 22, 79.75 79.75 Yes Tyre&Rub 00.00 tionof 736 % % berCo.,L innert ,72 tdSijing ubes 5 RubberFa ctory Shanghai 14,680,0 Produc 9,5 65.00 65% Yes Tyre&Rub 00.00 tionof 42, % berCo.,L rubber 000 tdDongha tyres iRubberF actory Shanghai 10,000,0 Reales 9,0 90% 90% Yes DoubleCo 00 tatede 00, inBiyuan velopm 000 RealEsta ent,ma teCo.Ltd nageme ntandl ease. HaikouFu 2,000,00 Produc 1,8 90.00 90% No huaTyreS 0 tionan 00, % alesCo., dsaleo 000 Ltd. fmachi neryfo rprodu ctiono frubbe randru bberpr oducts Shanghai 18,000,0 Rubber 22, 43.68 51% No TyreandR 00 machin 497 % ubberMac ery,mo ,48 hineryMo uldand 7.8 uldCo.,L techno 6 td. logyse rvice Shanghai 5,070,00 Domest 3,3 59.67 69.62 No Tyre&Rub 0 icbusi 00, 45% 03% berJoint nessan 000 VentureC dmater .00 o.,Ltd ialsup plying Shanghai 8,500,00 Wholes 8,0 94.12 94.12 No RubberIn 0 ale,re 00, % % dustrySu tailan 000 pplyandM dproce arketing ss Co.,Ltd. XiamenHu 1,600,00 Wholes 1,6 100.0 100% No iliIndus 0.00 aleand 00, 0% trialand retail 000 TradingC ofchem o.,Ltd. icalra wmater ial,ot herfoo dprodu cts,te xtile, commod ity,bu ilding materi als HainanHu 900,000 Rubber 900 100.0 100% No iliIndus produc ,00 0% trialand ts,ste 0 TradingC elwire o.,Ltd. ,tyre, chemic alrawm ateria l AmericaS USD200,0 Saleso 1,2 70% 70% No hanghaiT 00 ftyres 18, .RCo.,Lt 280 d. Shanghai 100,000. Labors 80, 80% 100% Yes Shanglun 00 ervice 000 LabourSe render rviceCo. ingand laborp rotect consul tancy Shanghai 20,000,0 Proper 100% Yes Tyre&Rub 00 tydeve berRealE lopmen statesDe t,buil velopmen dingan tCo.,Ltd ddecor . ationm ateria ls Shanghai USD11,40 Develo 60% Yes TianfuRe 0,000 pment, alEstate sales, sDevelop leaseo mentCo., fprope Ltd. rty.Sh ops,re staura nts,en tertai nments . Shanghai 600,000 Rubber 100% No XinxingT produc radingCo ts,har .,Ltd. dwares ,motor cycle, machin ery,au tomobi lefitt ings,b uildin gmater ialsde corati onmate rials, Steel, woods Shanghai 30,000 Fixing 100% No AihuaTes equipm tingEqui ent,te pmentSer chnolo vicing gycons ulting andsal esofeq uipmen tparts Shenzhen 1,100,00 Supply 100% No gShanglu 0 andmar nTrading ketbus Co.,Ltd. inessa ndmate rialsd omesti cally Shanghai 3,810,00 Tyrepr 100% No Shanglia 0 ocess, nChemica chemic lDevelop alrawm mentCo., ateria Ltd. lsandp roduct s. Shanghai 1,004,00 Rubber 100% No ZhengliR 0 produc ubberInd ts,har ustriala dwares ndTradin ,motor gCo.,Ltd cycle, . machin ery,au tomobi lefitt ings,b uildin gmater ialsde corati onmate rials, Steel, woods Shanghai 1,082,00 calciu 100% No CalciumC 0 mcarbo arbonate nate( Factory forind ustryu se,med icalus e,edib leuse ) Shanghai 1,060,00 Rubber 100% No Zonglian 0 produc RubberCo ts,har .,Ltd. dwares ,machi nery,a utomob ilefit tings, buildi ngmate rialsd ecorat ionmat erials ,Steel ,woods Shanghai 1,000,00 Rubber 100% No Zhenghua 0 produc Industri ts,har alandTra dwares dingCo., ,Motor Ltd. cyclet yre,ma chiner y,auto mobile fittin gs,bui ldingm ateria lsdeco ration materi als,St eel,wo ods Shanghai 500,000 Design 100% No XinyeAdv andpro ertising duceof Co.,Ltd. A.D. Shanghai 1,500,00 Wholes 94.67 No XinmingR 0.00 ale,re % ubberFac tail,p tory rocess oftyre s Shanghai 500,000. Wholes 80.00 No BaolunCo 00 ale,re % .,Ltd tailan dproce ssofty re Shanghai 1,800,00 Saleso 83.33 No DunxinTr 0.00 fsteel % adingCo. ,woods ,Ltd. ,build ingmat erials decora tionma terial sandha rdware s Shanghai 3,500,00 Custom 90% No TaihuaLe 0 ertran asingCo. sporta ,Ltd. tion,s alesof automo bilefi ttings Shanghai 1,700,00 Saleso 88.24 No HualunTr 0 frubbe % adingCo. rprodu ,Ltd. cts,ha rdware s,moto rcycle ,machi nery,a utomob ilefit tings, constr uction anddec oratio nmater ials,s teel,w oods,e tcandr enderi ngofla borser vices Shanghai 4,000,00 Servic 80% No HuiliHot 0 erende el ringof accomm odatio n,meal sanden tertai nment Shanghai 500,000 Proper 90% No Shuangli tymana Property gement Manageme ,house ntCo.,Lt leasin d. g,labo rservi cerend ering; wholes aleand retail ofcons tructi onmate rials, steels andhar ewares ,etc. Shanghai 11,250,0 Tyreru 53.33 No LongtaiF 00 bberpr % ineRubbe oducts rCo.,Ltd ,airpr . oofacc essori es Shanghai 3,000,00 Manufa 80% No FupuRubb 0.00 cturea erCo.,Lt ndproc d essofr ubber, rubber produc ts,rub bermou lds,et c. Shanghai 500,000. Proper 100% No Tyre&Rub 00 tymana berCo.,L gement td.Prope ,house rtyExcha leasin ngeDepar gandex tment change servic e TiankaiC 1,000,00 Servic 80% No omputerS 0.00 eprovi ystemCo. sionin ,Ltd. comput erandc ompute rautom ationf ield Shanghai 35,000,0 Produc 100% Yes WhiteEle 00.00 tionan phantSwa dsaleo nBattery fbatte Co.,Ltd. riesan dacces sories Shanghai 10,000,0 Saleso 100% Yes SoapsGro 00.00 fsoaps upProduc ,washi tsSalesC ngprod o.,Ltd. ucts,t extile s,comm odity Shanghai 94,360,0 Produc 100% Yes SoapsFac 00.00 tion,s tory alesof soaps, washin gprodu cts Shanghai 17,282,0 Printi 100% Yes Printing 00.00 ngink, InkFacto dope,d ry ye,col ophony Shanghai USD700,0 Produc 65.27 Yes LingxuAx 00.00 tionan % ungeStor dsales ageRefin ofaxun eryCo.,L gefori td. ndustr ialuse Shanghai 85,000,0 Printi 100% Yes PeonyPri 00.00 ngink, ntingInk dope,d Co.,Ltd. yecolo phonyp rocess MoltechH USD50,00 Engage 70% Yes oldingsC 0.00 inthea orporati ctivit on iescom pliedw iththe lawofV irginI slands Shanghai USD3,000 Produc 60% No KellerCh ,000.00 tionan emicalsC dsales o.,Ltd. ofplas ticpro ducts SichuanK 2,000,00 Printi 51% No ellerJoi 0.00 ngink, nt-Ventu dope,d reCo.,Lt ye d. Shanghai USD41,95 Produc 75% Yes SoapsCo. 0,000.00 tion,s ,Ltd. alesof soaps, washin gprodu cts,te xtiles Moltech Register Develo 100% Yes Power(Sh edCapita pment, anghai)C lUSD25,0 produc o.,Ltd. 00,000.0 tion,p 0Paid-in rocess capitalU andsal SD18,505 esofva ,000.00 riousn on-hyd rargyr icalka line-m angane sebatt eryand otherb atteri es MoltechP Register Develo 100% Yes ower(Rug edCapita pment, ao)Co.,L lUSD12,0 manufa td. 00,000.0 cturea 0Paid-in ndsale capital9 sofvar ,300,000 iousno .00 n-hydr argyri calkal ine-ma nganes ebatte ryando therba tterie s MoltechP USD10,00 Engage 100% Yes owersyst 0.00 dinthe emsInc. activi tiesco mplied withth elawof Florid a MoltechP USD233,0 Engage 100% Yes owerSyst 00.00 dinthe emsEurop activi eanOpera tiesco tions mplied withth elaw Shanghai 32,500,0 Constr 100% No PudongSi 00.00 uction daGarden anddec oratio n、che micale lectro nics、 retail andwho lesale instru mentfo rrubbe rindus try ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Note 1: Directly invested by Shanghai Tyre & Rubber Co., Ltd. Note 2: Jointly invested by Shanghai Tyre & Rubber Co., Ltd. and its subsidiaries Note 3: Directly invested by Shanghai Tyre & Rubber Co., Ltd.’s subsidiary Note 4: Jointly invested by Shanghai Tyre & Rubber Co., Ltd.’s subsidiaries Note 5: Directly invested by Shanghai Tyre & Rubber Co., Ltd.’s subsidiary and, are recorded in equity method instead of previous cost method. b) Subsidiaries not within the extent of consolidation: Unconsolidated subsidiaries: Please see a) Reasons for not being consolidated: Accord to CK (1996) No. 2 and refer to the consolidation range announced by the foreign investors. c) The controlled subsidiaries decreased due to disposal during the reporting period: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ SubsidiaryDi Dateo Current Long-te Fixed Oth Current Long-t sposed fDisp asset rminves asset era liabili ermlia osal/ tment sse ty bility Openi ts ngbal ance ShanghaiTyre 22,991, 68,390, 6,184,3 andRubber(Gr 702.08 104.42 47.59 oup)RugaoInv 22,991, 68,390, 6,184,3 estmentCo.,L 702.08 104.42 47.59 td. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ SubsidiaryDisp Beginningo Revenue Profitf Totalp Inco Netpro osed ftheyearto frompri romprin rofit meta fit Disposalda ncipalo cipalop x te/2005 peratio eration n ShanghaiTyrean --- --- --- --- --- dRubber(Group) 269,869 9,162,7 -4,176 -4,176 RugaoInvestmen ,999.35 13.89 ,794.1 ,794.8 tCo.,Ltd. 3 9 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 6 Notes to the main items of accounting statement (Amounts expressed are in RMB for closing balance unless otherwise stated.) 6.1 Monetary assets: ITEM ENDING BAL OPENING BAL ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Cashonhand 470,774.68 344,323.06 Cashinbank 607,054,732.94 366,419,435.94 Othermonetaryassets 96,705,840.38 155,843,727.33 Total 704,231,348.00 522,607,486.33 Amongwhich:USDOriginal 12,178,322.61 17,723,502.46 amount Exchangerate 7.9956 8.0702 RMBequivalent 97,372,996.26 143,032,209.53 HKDOriginalamount 30,532,889.16 6,647,407.60 Exchangerate 1.02942 1.0403 RMBequivalent 31,431,166.76 6,915,299.48 GBPOriginalamount 1,313,473.51 584,658.08 Exchangerate 14.6332 13.9122 RMBequivalent 19,220,320.57 8,133,880.14 EUROriginalamount 11,846.18 11,846.18 Exchangerate 10.1313 9.5797 RMBequivalent 120,017.20 113,482.85 SIGOriginalamount 1,705.61 1,705.61 Exchangerate 5.0281 4.8543 RMBequivalent 8,575.98 8,279.54 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Ending balance of monetary asset has increased by 34.75% as compared with opening balance, amounting to RMB 181,623,861.67 6.2 Notes receivable CATEGORY ENDING BAL OPENING BAL ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Bankacceptance 104,156,965.16 166,643,135.96 Tradeacceptance 3,463,232.38 Total 104,156,965.16 170,106,368.34 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ See Note 10.2 for pledged notes receivable; Discounted trade acceptance amounts to RMB 145,000,000.00, are issued by subsidiaries within the consolidated range and discounted by subsidiaries controlled by the Company. 6.3 Dividends receivable ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ITEM ENDINGBA OPENINGB NATURE L AL ShanghaiXinlunDe 11,138,0 Dividendreceived velopmentCo.,Ltd 23.57 . ShanghaiSenlinPr 10,441.3 Dividendreceived opertyDevelopmen 5 tCo.,Ltd. Total 11,148,4 64.92 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 6.4 Accounts receivable 1. Aging analysis ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Agin ENDINGBAL OPENINGBAL g BookVal Perce Prov Provisi BookVal Perce Prov Provisi ue ntage isio on ue ntage isio on nRat nRat e e With 663,384 70.49 5% 33,169, 658,491 70.34 5% 32,924, in1y ,593.09 % 229.65 ,014.90 % 550.78 ear 1-2 6,019,4 0.64% 30% 1,805,8 6,023,8 0.64% 30% 1,807,1 year 05.63 21.69 29.39 48.81 s 2-3 10,682, 1.14% 50% 7,890,5 11,612, 1.24% 50% 7,525,6 year 954.76 00.09 970.87 27.43 s Over 261,017 27.74 100% 261,017 260,002 27.78 100% 260,002 3yea ,489.32 % ,489.32 ,380.72 % ,380.72 rs Tota 941,104 100.0 …… 303,883 936,130 100.0 …… 302,259 l ,442.80 0% ,040.75 ,195.88 0% ,707.74 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 2. The first five largest ending balances of accounts receivable amount to RMB 399,644,110.07, accounting for 43.54% of the total amount of accounts receivable 3. The 100% provision recognized this mid-years: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Aging BookValue Provision Rate Reason 2-3years 5,098,045.42 5,098,045.4 100% Unabletocolle 2 ct Total 5,098,045.42 5,098,045.4 --- --- 2 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 4. No amount due from the shareholders that own more than 5% (including 5%) voting shares of the Company 6.5 Other receivables Aging analysis ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Aging ENDINGBAL OPENINGBAL BookValu Perce Provisio BookValue Percen Provision e ntage n tage Within1y 186,698, 33.87 12,632,8 199,631,47 32.80% 12,632,86 ear 446.12 % 62.92 6.95 2.92 1-2years 74,596,8 13.53 3,341,38 68,663,231 11.28% 3,341,389 90.34 % 9.22 .27 .22 2-3years 50,277,0 9.12% 3,505,00 50,222,727 8.25% 3,505,000 59.10 0.00 .24 .00 Over3yea 239,657, 43.48 106,551, 290,093,05 47.67% 106,977,4 rs 544.64 % 848.91 4.04 99.05 Total 551,229, 100.0 126,031, 608,610,48 100.00 126,456,7 940.20 0% 101.05 9.50 % 51.19 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ The first five largest ending balances of other receivable amount to RMB 266,810,493.61, accounting for 48.40% of the total amount of other receivable. Full or partial provision provided within the financial year: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Nature Amount Rate Reason Landexchangeproceeds 28,161,495.1 18% Unabletocollect 1 Guaranteedeposit 9,862,155.12 100% Unabletocollect Temporaryloan 73,609,968.6 10%-100% Unabletocollect 9 Advancestosuppliers 8,470,368.12 100% Unabletocollect Prepaidprojectcost 5,045,714.01 100% Unabletocollect Others 491,400.00 100% Unabletocollect Total 125,641,101. 05 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 4. Big amounts of other receivables: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Name Amount Nature Landexchangeproceeds 152,297,829. Note1 03 ShanghaiZhengxinRealEstateDevelopment 62,767,306.5 Temporaryloan Co.,Ltd 8 ShanghaiLongtaiFineRubberCo.,Ltd. 48,969,727.6 Prepaidlandco 2 mpensation ShanghaiYangpuDistrictLandDevelopment 21,490,000.0 Prepaidlandus Centre 0 eright ShanghaiTyre&RubberMachineryMouldCo., 17,591,738.7 Temporaryloan Ltd 2 Total 303,116,601. 95 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Note: According to the first temporary board meeting in 2003, it was decided that the parent company would list part of the accounts receivable in the exchange plan. (See Note 12.2 for details) 5. No amount due from shareholders that own more than 5% (including 5%) of the voting shares of the Company. 6.6 Advances to suppliers 1. Aging analysis ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Aging EndingBal OpeningBal Amount Percentage Amount Percentage Within1year 263,244,113. 98.21% 47,660,482.75 46.40% 40 1-2years 4,776,883.97 1.78% 55,038,360.52 53.58% 2-3years 20,550.00 0.01% 20,550.00 0.02% Over3years --- --- --- --- Total 268,041,547. 100.00% 102,719,393.2 100.00% 37 7 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 2. No amount due from shareholder than own more than 5% (including 5%) of voting shares of the Company. 3. Compared with opening balance, ending balance has increased 160.95%, amounting to RMB 165,322,154.10, which is due to increase in purchase of raw materials. 6.7 Subsidy receivable ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ITEM AMOUNT Taxrefundableforexportsales 508,090.19 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 6.8 Inventory 1. Inventory ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ITEM ENDINGBAL OPENINGBAL BookValue Provision BookValue Provision Rawmaterials 453,577,93 2,264,080.9 420,168,812. 2,264,080.9 7.34 3 84 3 Packingmateria 523,655.92 --- 518,302.74 --- ls Lowcostsandsho 114,117,93 69,523.08 79,080,958.2 69,523.08 rtlivedarticle 1.91 2 s Stocks 492,369,20 3,075,174.6 328,235,512. 3,566,688.2 8.33 9 42 5 Unfinishedgood 140,914,30 --- 111,518,950. --- s(work-in-proc 9.80 76 ess) WIPConsignment 2,793,525. --- 1,213,722.73 --- processmateria 83 ls R&Dproducts 21,686,774 --- 12,836,554.9 --- .60 9 R&Dcosts 21,793,482 10,050,000. 29,592,372.1 10,050,000. .83 00 7 00 Total 1,247,776, 15,458,778. 983,165,186. 15,950,292. 826.56 70 87 26 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Ending balance of inventory has been increased by 26.91% as compared with opening balance, amounting to RMB 264,611,639.69. This increase is mainly due to the increase of stocks and Low costs and short lived articlescaused by expanding reproduction and the sharp increae of raw material price. 2. Provision for diminution in value of inventory is recognized based on the lower of the cost and the net realizable value of inventory. The amount is that the estimable selling price less estimable cost, selling expenses and related taxes. 6.9 Deferred Assets ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Category Opening Increase Amortized Decrea EndingBa Reasonf Balance se lance orCarri edforwa rd Insuranc 37,151. 126,545.8 114,852.0 48,844.8 Prepaid eexpense 00 9 0 9 forlatt s erhalrf year Rental --- 657,000.0 219,000.0 438,000. Prepaid 0 0 00 forlatt erhalrf year Mould --- 674,907.5 39,196.88 635,710. Prepaid 4 66 forlatt erhalrf year Maintana --- 4,110,719 1,000,000 3,110,71 Prepaid nce .29 .00 9.29 forlatt erhalrf year Others --- 1,595,777 1,267,236 328,541. Prepaid .75 .15 60 forlatt erhalrf year Total 37,151. 7,164,950 2,640,285 4,561,81 00 .47 .03 6.44 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 6.10 Long-term investment ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ITEM EndingBalance OpeningBalance BookValue Provision BookValue Provision Long-termequi 501,198,518 28,371,099. 511,961,219 28,760,891.5 tyinvestment .61 28 .88 2 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Ending balance of long-term investment has been decreased by 2.10% as compared with opening balance, amounting to RMB 10,762,701.27. This decrease is mainly due to the transfer of legal person shares of Pudong development bank and the loss of investment on subsidiaries with equity method.. Details please see 11.2 (3). Investment in shares ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Investee Sharescat Amou Propo Origina Ending Provi Opening egory ntof rtion lInvest BookVa sion Bookval shar toreg mentCos lue ue es ister ts edcap ital AijianSto Legalpers 208, <5% 700,000 700,00 --- 700,000 cks onshares 339 .00 0.00 .00 BailianSt Legalpers 411, <5% 2,381,4 2,381, 563,7 2,381,4 ocks onshares 680 22.61 422.61 67.75 22.61 OrientalP Legalpers 240, <5% 1,020,0 1,020, --- 1,020,0 earl onshares 000 00.00 000.00 00.00 FenghuaSt Legalpers 79,2 <5% 275,000 275,00 275,000 ocks onshares 00 .00 0.00 .00 SVAInfo Legalpers 7,29 <5% 20,587. 20,587 --- 20,587. onshares 6 27 .27 27 Hongsheng Legalpers 121, <5% 245,000 245,00 --- 245,000 Technolog onshares 000 .00 0.00 .00 y JinQuanYe Legalpers 168, <5% 739,570 739,57 739,570 onshares 156 .50 0.50 .50 JinjiangR Legalpers 8,54 <5% 9,000,0 9,000, --- 9,000,0 estaurant onshares 1,95 00.00 000 00.00 1 JinjiangR Legalpers Note-78 -786,5 estaurant onshares 6,585.5 85.58 8 LongtouSt Legalpers 240, <5% 760,000 760,00 760,000 ocks onshares 000 .00 0.00 .00 Chlorine& Legalpers 118, <5% 657,304 657,30 92,33 657,304 alkaliChe onshares 580 .00 4.00 8.40 .00 micals PudongDev Legalpers ---- 6,000,0 elopmentB onshares 00.00 ank SanAiFu Legalpers 48,7 <5% 44,200. 44,200 --- 44,200. onshares 36 00 .00 00 SanjiuDev Legalpers 26,8 <5% 77,137. 77,137 3,414 77,137. elopment onshares 07 97 .97 .40 97 ShanghaiP Legalpers 200, <5% 600,000 600,00 --- 600,000 etroline onshares 000 .00 0.00 .00 TianFangD Legalpers 83,5 <5% 267,200 267,20 --- 267,200 evelopmen onshares 00 .00 0.00 .00 t YuanshuiS Legalpers 24,3 <5% 66,780. 66,780 --- 66,780. tocks onshares 80 00 .00 00 Total --- 10,5 16,067, 16,067 659, 22,854, 19,6 616.77 ,616.7 520.5 202.35 25 7 5 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Note:Obtain Jinjiang Restaurant floating shares by decreasing its legal person shares. 2. Other equity investment Equity investment in subsidiaries valued by cost method: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Investee Proportiont OpeningBa Increase/D EndingBook oregistered l. ecrease Value. capital ChangshuRubberShoe 19.26% 842,435.0 --- 842,435.00 sFactory(Note1) 0 ShanghaiCaishengCo 19.00% 950,000.0 950,000.00 lourChemistryCo.,L 0 td. HainanInternationa 5.00% 500,000.0 --- 500,000.00 lTravellingCo.(Not 0 e1) LiaoningShanghaiTy 50% 500,000.0 --- 500,000.00 re&RubberJointVent 0 ureCo.(Note1) ShanghaiChangyinIn <5% 1,000,000 --- 1,000,000. dustrialTradingCo. .00 00 (Note1) ShanghaiSteelWiret 2% 31,905.29 --- 31,905.29 echnologyDevelopme ntCo.Ltd.(Note1) ChengduHaifaCo.,Lt <5.00% 150,000.0 --- 150,000.00 d 0 ShanghaiFengpingTr 45% 900,000.0 --- 900,000.00 adingCo.,Ltd.Huali 0 factory(Note2) ShanghaiHuamingHig 14.44% 4,400,000 --- 4,400,000. h-Tech(Group)Co.,L .00 00 td ShanghaiSouthChina 12.50% 136,615.0 --- 136,615.00 Co.(Note1) 0 ShanghaiChemicalIn 12.50% 150,000.0 --- 150,000.00 dustrialProjectTec 0 hnologyConsultinga ndManagementCo. ShanghaiSengmaoTra 17.00% 2,076,061 --- 2,076,061. dingCo. .94 94 ShanghaiShengsheng 15.00% 600,000.0 --- 600,000.00 TyreMouldCo.,Ltd 0 ShanghaiCultureTra 7.50% 1,500,000 --- 1,500,000. dingHeadCompany(No .00 00 te1) ShanghaiZhengxingR 5.00% 1,000,000 --- 1,000,000 ealEstateCo.,Ltd SiDaGarden 49.00% 15,925,00 -15,925,00 --- 0.00 0.00 XindeEnterpriseDev 1.99% 500,000.0 --- 500,000.00 elopmentCo. 0 FarEastEconomicCo. 3.00% 30,000.00 --- 30,000.00 (Note1) ZhejiangYongkangPi <5% 1,200,000 --- 1,200,000. stolCompany .00 00 ChinaNorth-America 64% 4,847,224 --- 4,847,224. nTyreSellingCo.(No .44 44 te4) ChinaZhonglianRubb 18.61% 1,050,000 --- 1,050,000. erHeadCo. .00 00 BankofShanghai <5% 242,200.0 --- 242,200.00 0 ChangjiangEconomic <5% 2,800,000 --- 2,800,000. UnitedDevelopment( .00 00 Group)Co. HaiTongSecurities <5% 10,200,00 --- 10,200,000 0.00 .00 BankofCommunicatio <5% 3,900,000 --- 3,900,000. n .00 00 ShanghaiBaodingInv <5% 625,000.0 --- 625,000.00 estmentCo.,Ltd. 0 ShanghaiInternatio <5% 23,333,30 --- 23,333,300 nalTrustandInvestm 0.00 .00 entCorporation ShenyinWanguoSecur <5% 12,500,00 --- 12,500,000 ityCo.,Ltd. 0.00 .00 ShanghaiXichengChe 51.00% 510,000.0 --- 510,000.00 micalIndustrialCo. 0 ,Ltd.(Note3) WuxiXichengAxungeC 51.00% 1,112,200 --- 1,112,200. hemicalsCo.,Ltd.(N .29 29 ote3) Total --- 93,511,94 -15,925,00 77,586,941 1.96 0.00 ,586, .96 941.96 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Note 1: Impairment provision has been made and the ending book value is zero. Note 2: Non-profit enterprises. Note 3: Contractor enterprises Note 4: Investment ratio is different from profit appropriation ratio. Note 5: Close the business Note 6: Disposal of equity shares Note 7: Provision for impairement loss is 40% Note 8: Account from cost method to equity method (2) Equity investment in subsidiaries valued by equity method: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Investee Pr Open Increases/Decreases Endingbal. op ingb Tota Cost Rec Diffe Dis Origi Accum Tot or al. l ogn rence tri nalIn ulate al ti ize amort but vestm dIncr on din izati edi ent ease/ to com on nco Decre re e me ases gi st er ed ca pi ta l Shanghai 55 1,68 --- --- --- --- --- 2,400 -714, 1,6 Soaps(Mi .0 5,56 ,000. 430.7 85, anyang)C 0% 9.28 00 2 569 o.,Ltd.( .28 Note2) Shanghai 60 17,1 --- --- --- --- 25,99 -25,9 17, KellerCh .0 11.9 2,000 74,88 111 emicalsC 0% 1 .00 8.09 .91 o.,Ltd. SichuanK 51 895, 1,021 -125, 895 ellerJoi .0 644. ,278. 634.1 ,64 nt-Ventu 0% 73 88 5 4.7 reCo.,Lt 3 d. Shanghai 90 2,19 3,52 …… 3,5 …… … 450,0 1,752 2,2 Shuangli .0 8,82 1.64 21. … 00.00 ,346. 02, Property 0% 4.63 64 27 346 Manageme .27 ntCo.,Lt d. Shanghai 10 817, 500,0 317,0 817 Tyre&Rub 0. 023. 00.00 23.41 ,02 berCo.,L 00 41 3.4 td.Prope % 1 rtyExcha ngeDepar tment TiankaiC 80 777, --- --- --- --- --- 800,0 -22,1 777 omputerS .0 874. 00.00 25.81 ,87 ystemCo. 0% 19 4.1 ,Ltd.(No 9 te2) Shanghai 10 3,83 --- --- --- --- --- 5,500 -1,66 3,8 Shanglia 0. 5,98 ,000. 4,015 35, nChemica 00 4.51 00 .49 984 lIndustr % .51 ialTradi ngCo.(No te2) Shanghai 10 …… …… …… … …… … 1,500 -1,50 … Zhenglir 0. … … ,000. 0,000 … ubberind 00 00 .00 ustrialt % radingCo .,Ltd.( Note1) Shanghai 10 2,32 182, 182 …… … 1,082 1,428 2,5 CalciumC 0. 7,72 969. ,96 … ,000. ,698. 10, arbonate 00 8.86 20 9.2 00 06 698 Factory % 0 .06 Shanghai 10 858, -9,8 -9, …… … 1,060 -211, 848 Zonglian 0. 022. 05.4 805 … ,000. 782.9 ,21 RubberCo 00 47 5 .45 00 8 7.0 .,Ltd % 2 Shanghai 10 1,12 …… … 1,000 120,6 1,1 Zhenghua 0. 0,68 … ,000. 82.83 20, Industri 00 2.83 00 682 alTradin % .83 gCo.(Not e2) Shanghai 10 110, …… … 500,0 -389, 110 XinyeAdv 0. 115. … 00.00 884.4 ,11 ertising 00 55 5 5.5 Co.(Note % 5 2) Shanghai 94 765, --- --- --- --- --- 1,420 -654, 765 XinmingR .6 259. ,050. 790.9 ,25 ubberFac 7% 06 00 4 9.0 tory(Not 6 e2) Shanghai 80 359, --- --- --- --- --- 400,0 -40,5 359 BaolunTr .0 475. 00.00 24.57 ,47 adingCo. 0% 43 5.4 (Note2) 3 Shanghai 83 1,81 --- --- --- --- --- 1,500 310,8 1,8 DunxinTr .3 0,80 ,000. 04.71 10, adingCo. 3% 4.71 00 804 ,Ltd(Not .71 e2) Shanghai 90 10,0 …… …… … …… … 3,780 6,226 10, TaihuaLe .0 06,6 … … ,000. ,665. 006 asingCo. 0% 65.1 00 10 ,66 ,Ltd 0 5.1 0 Shanghai 88 1,17 --- --- --- --- --- 1,500 -329, 1,1 HualunTr .2 0,01 ,000. 989.1 70, adingCo. 4% 0.83 00 7 010 ,Ltd(Not .83 e2) Shanghai 80 3,200 -3,20 … HuiliHot .0 ,000. 0,000 … el 0% 00 .00 Shenzhen 10 5,03 1,21 1,2 …… … 700,0 5,556 6,2 gShanglu 0. 7,09 9,19 19, … 00.00 ,295. 56, nTrading 00 6.21 9.51 199 72 295 Co.,Ltd. % .51 .72 Shanghai 53 …… …… …… … …… … 6,000 -6,00 … LongtaiF .3 … … ,000. 0,000 … ineRubbe 3% 00 .00 rCo.,Ltd . Shanghai 80 1,77 -18, -18 2,400 -647, 1,7 FupuRubb .0 0,69 630. ,63 ,000. 934.2 52, erCo.,Lt 0% 6.63 91 0.9 00 8 065 d 1 .72 Shanghai 10 600, --- --- --- --- --- 600,0 --- 600 XinxingT 0. 000. 00.00 ,00 radingCo 00 00 0.0 .(Note2) % 0 Shanghai 10 258, --- --- --- --- --- 30,00 228,7 258 AihuaTes 0. 758. 0.00 58.70 ,75 tingEqui 00 70 8.7 pmentSer % 0 vicing HaikouFu 90 3,23 --- --- --- --- --- 1,800 1,439 3,2 huaTyreS .0 9,42 ,000. ,420. 39, alesCo., 0% 0.82 00 82 420 Ltd. .82 Shanghai 51 …… …… …… … …… … 26,26 -26,2 … TyreandR .0 … … 4,786 64,78 … ubberMac 0% .39 6.39 hineryMo uldCo.,L td(Note 1) Shanghai 69 4,27 -63, -19, -43 …… … 3,869 338,3 4,2 Tyre&Rub .6 1,26 042. 914. ,12 … ,914. 09.38 08, berJoint 2% 6.26 88 00 8.8 00 223 -Venture 8 .38 Co.,Ltd. Shanghai 94 …… …… …… … …… … 8,000 -8,00 … RubberIn .1 … … ,000. 0,000 … dustrySu 2% 00 .00 pplyandM arketing Co.,Ltd. (Note1 ) XiamenHu 10 2,24 --- --- --- --- --- 1,600 646,5 2,2 iliIndus 0. 6,55 ,000. 57.67 46, trialand 00 7.67 00 557 TradingC % .67 o.,Ltd.( Note2) HainanHu 10 460, --- --- --- --- --- 900,0 -439, 460 iliIndus 0. 707. 00.00 292.8 ,70 trialand 00 19 1 7.1 TradingC % 9 o.,Ltd(N ote2) American 70 1,03 -16, -16, … …… … 1,218 -196, 1,0 Shanghai .0 8,86 961. 961. … … ,280. 373.2 21, T.R.T.RC 0% 8.12 38 38 00 6 906 o.,Ltd(N .74 ote2). Shanghai 80 92,4 5,31 5,3 80,00 17,77 97, Shanghlu .0 59.9 7.31 17. 0.00 7.21 777 nLaborSe 0% 0 31 .21 rviceCo. ,Ltd.(No te3) Shanghai 10 32,5 32,5 32,50 32, PudongSi 0. 00,0 00,0 0,000 500 daGarden 00 00.0 00.0 .00 ,00 (Note6 % 0 0 0.0 ) 0 Total 47,7 33,8 32,4 1,3 …… … 139,5 -57,9 81, 72,6 02,5 63,1 39, … 68,30 93,11 575 29.0 67.0 24.6 442 9.27 3.23 ,19 0 4 2 .42 6.0 4 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Note 1: The net assets of the investee is negative, therefore, book value of long-term investment is zero. Note 2: Provisions for long-term equity investment have fully recognized, which reduces the book value to zero. Note 3: New investment Note 4: Disposal of equity shares Note 5:Courtproceeding end due to bankrupty Note6:Account from cost method to equity method (3) Valuation of equity investment in joint ventures by equity method: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ In O Increases/Decr Endingbal. ve P p To A R D D O A T st r e eases ee o n ta m e i i r c o p i o n l o c f s i c t r g t b n o f t g u a i a o l g g e r i m l n . t w n r i n u o r h i e b a l e g i z n u l a i s c e c t I t t e h d e e n e r e : i a d v d d c i n m i e I a p n c o n s n i t v o r c t c a l e m t o m r s e i m e e t z e n a m a t s e t e n i / t o D c n e o c s r t e a s e s Sh 1 1 - 1 an , , 9 , gh 4 5 9 4 ai 6 6 , 6 Ji 2 2 9 2 nf , , 5 , en 8 8 8 8 gO 6 2 . 6 il 9 7 4 9 &C . . 3 . he 3 8 3 mi 7 0 7 ca ls Co ., Lt d. Sh 8 -- - - - - 4 4 8 an 5 - - - - - 0 5 5 gh 9 - - - - 0 9 9 ai , , , , So 9 0 9 9 ap 2 0 2 2 sF 8 0 8 8 ac . . . . to 8 0 8 8 ry 1 0 1 1 Ha in an Un it ed Su b- Fa ct or y ( No te 2 ) Sh 7 -- - - - - 1 - 7 7 1 -4 71 an 1 - - - - - , 4 1 1 ? ? , 28 0, gh 0 - - - - 1 2 0 0 ? ? 1 ,0 65 ai , 3 8 , , 3 85 7. Du 6 8 , 6 6 8 .2 20 nh 5 , 0 5 5 , 6 ua 7 7 8 7 7 7 ng . 4 5 . . 4 Po 2 2 . 2 2 2 tF 0 . 2 0 0 . ac 4 6 4 to 6 6 ry Sh 1 1 - 1 an , , 7 , gh 8 9 , 8 ai 9 0 4 9 Wa 2 0 2 2 ny , , 8 , iM 5 0 . 5 ac 7 0 3 7 ro 1 0 3 1 mo . . . le 6 0 6 cu 7 0 7 le Ma te ri al Co ., Lt d. Sh 1 95 - 9 - - 2 - 1 an 2 5, - 5 - - 0 6 3 gh , 50 - 5 - - , , , ai 3 1. , 0 7 2 Ce 3 59 5 0 1 8 nt 1 0 0 3 6 ur , 1 , , , yL 2 . 0 2 7 ia 0 5 0 9 0 nr 5 9 0 2 7 on . . . . gH 5 0 9 1 ol 1 0 0 0 di ng sC o. ,L td . ha 1 8, 1 - - - 2 - 2 ng 4 74 0 1 - - 4 1 2 ha , 2, , , - - , , , iS 1 75 0 2 0 1 8 oa 5 6. 0 5 0 0 9 ps 7 26 0 7 0 0 9 (G , , , , , , ro 1 0 2 0 0 9 up 4 0 4 0 9 0 )R 4 0 3 0 9 0 ug . . . . . . ao 0 0 7 0 7 2 Co 1 0 4 0 3 7 ., Lt d. (N ot e6 ) Sh 1 -5 - - - 1 9 1 an 6 ,1 - - 5 5 , 5 gh 4 63 - - , 0 2 9 ai , .2 1 , 8 , Yi 4 1 6 0 7 2 nl 5 3 0 . 8 un 0 . 0 2 7 Pr . 2 . 9 . oj 5 1 0 2 ec 0 0 9 tC on su lt in gC o. ,L td . Sh 5 5 5 an 0 0 ? 0 gh 0 0 ? 0 ai , , , Sh 0 0 0 ua 0 0 0 ng 0 0 0 fe . . . iP 0 0 0 ro 0 0 0 pe rt yM an ag em en tC o. ,L td . ( No te 3 ) Sh 5 1, 1 - - 4 6 6 an , 30 ? , - - 9 , , gh 2 3, ? 3 - - 0 0 5 ai 8 64 0 , 9 8 Hu 5 9. 3 0 9 9 lu , 62 , 0 , , nT 7 6 0 3 3 yr 3 4 . 8 8 e& 9 9 0 9 9 Ru . . 0 . . bb 8 6 4 4 er 3 2 5 5 Co ., Lt d. Th 4 -- - - - - 6 - 4 ai , - - - - - , 1 , la 9 - - - - 9 , 9 nd 4 2 9 4 Hu 5 7 8 5 at , , 2 , ai 2 6 , 2 Ru 0 8 4 0 bb 9 0 7 9 er . . 0 . Co 2 0 . 2 ., 3 0 7 3 Lt 7 d. Sh 1 -2 - - - 9 - 7 an 0 4, ? 2 - - 0 1 7 gh 2 86 ? 4 - - , 3 , ai , 7, , 2 , 1 Xi 0 32 8 4 0 6 nl 2 3. 6 7 8 2 un 9 82 7 , 5 , Un , , 2 , 1 it 4 3 0 0 5 ed 8 2 0 4 6 De 0 3 . 3 . ve . . 0 . 5 lo 3 8 0 5 0 pm 2 2 0 en tC o. ,L td . Sh 1 -5 - - - 2 - 9 an 0 ,9 5 4 - 7 1 9 gh 5 98 , 6 - 4 7 , ai , ,4 5 4 , 4 7 Mi 7 23 3 , 5 , 0 ch 0 .5 3 9 1 8 8 il 7 1 , 7 2 0 , in , 4 7 , 3 7 eH 2 4 . 0 , 9 ui 1 6 2 0 2 1 li 5 . 0 0 . Ty . 2 . 8 6 re 1 3 0 . 1 Co 2 0 3 ., 9 Lt d. (N ot e3 ) Sh 5 -8 7 - - 1 - 5 an 6 ,4 ? 4 9 - , 4 5 gh 8 31 ? 0 , - 0 7 9 ai , .2 . 1 3 8 , St 3 6 2 7 8 , 9 ee 5 3 1 , 8 2 lW 6 . 8 7 5 ir . 4 0 4 . eF 3 9 0 . 1 ac 7 . 8 1 to 0 9 ry 0 Pu do ng Dr aw be nc hM ou ld Co ., Lt d. Sh 1 -- - - - - 3 - 1 an 5 - - - - - 9 2 5 gh , - - - - , 3 , ai 7 1 , 7 St 4 9 4 4 ee 6 1 4 6 lW . . 4 . ir 6 2 . 6 eF 4 2 5 4 ac 8 to ry In du st ri al an dT ra di ng Co ., Lt d. ( No te 2 ) Sh … 1 - an ? … ? ? 0 1 ? gh ? ? ? , 0 ? ai 9 , Sh 8 9 en 9 8 gm , 9 aC 3 , ur 0 3 ta 6 0 nC . 6 lo 8 . th 2 8 Co 2 ., Lr td . ( No te 1 ) Sh 7 -6 - 7 - 6 an , 01 6 , 3 , gh 2 ,2 0 0 4 6 ai 6 36 1 0 0 5 Bu 0 .5 , 0 , 9 sJ , 2 2 , 5 , ia 7 3 0 1 4 od 2 6 0 6 8 aT 0 . 0 . 3 en . 5 . 1 . ni 3 2 0 4 8 sC 8 0 6 lu bC o. ,L td . ( No te 3) Sh 6 88 8 6 8 6 an 1 7, ? 8 1 8 1 gh , 03 ? 7 , 7 , ai 0 2. , 0 , 8 Do 0 74 0 0 0 8 ub 0 3 0 3 7 le , 2 , 2 , Co 0 . 0 . 0 in 0 7 0 7 3 Ty 0 4 0 4 2 re . . . Ma 0 0 7 rk 0 0 4 et in gC o. ,L td . ( No te 3) To 3 -1 1 - - - 5 - 2 ta 1 9, 0 2 4 5 0 2 9 l 8 59 , 9 7 , 1 0 9 , 1, 0 , 4 1 , 2 , 8 63 0 1 , 6 8 , 2 9 8. 0 1 1 3 9 5 9 1 11 , 2 4 . 5 9 9 , 0 , 8 2 , 6 , 2 0 3 . 1 7 , 6 9 0 2 7 4 0 5 4 . 6 7 8 9 6 . 0 . . 1 . 9 0 1 3 . 8 6 3 0 4 5 5 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Note 1: The net asset of the investee is negative, therefore, book value of long-term investment is zero. Note 2: Provisions for long-term equity investment have fully recognized, which reduces the book value to zero. Note 3: Additional investment. Note 4: Disposal of equity shares Note 5:Close down Note 6:New investment 2. Provision for impairment loss of long-term equity investment ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Investee OpeningBa Increase Decrease EndingBal lance ance Investmentinshares 1,032,351 372,830. 659,520.5 .41 86 5 HainanInternationalHol 500,000.0 --- --- 500,000.0 idayTravelCo.,Ltd. 0 0 Shenyin&WangguoSecurit 5,000,000 5,000,000 iesCo.,Ltd. .00 .00 ChangshuRubberOvershoe 842,435.0 --- --- 842,435.0 sFactory 0 0 ShanghaiSouthChinaCo., 136,615.0 --- --- 136,615.0 Ltd. 0 0 ShanghaiSteelWireTechn 31,905.29 --- --- 31,905.29 ologyDevelopmentCo.,Lt d LiaoningShanghaiTyre&R 500,000.0 --- --- 500,000.0 ubberJoint-VentureCo., 0 0 Ltd. ShanghaiChangyinIndust 1,000,000 --- --- 1,000,000 rial&TradingCo.,Ltd. .00 .00 FarEastEconomicIndustr 30,000.00 --- --- 30,000.00 yCo.,Ltd. ShanghaiCultureIndustr 1,500,000 --- --- 1,500,000 yCo.,Ltd. .00 .00 ShanghaiSoapsFactoryHa 859,928.8 --- --- 859,928.8 inanUnitedSub-Factory 1 1 ShanghaiSteelWireFacto 15,746.64 --- --- 15,746.64 ryIndustrialandTrading Co.,Ltd. ShanghaiSoaps(Mianyang 1,685,569 1,685,569 )Co.,Ltd .28 .28 ShanghaiTiankaiCompute 777,874.1 --- --- 777,874.1 rSystemCo.,Ltd. 9 9 ShanghaiShanglianChemi 3,835,984 …… 3,835,984 calsIndustryCo.,Ltd. .51 .51 ShanghaiZhenghuaIndust 1,120,682 --- --- 1,120,682 rialandTradingCo.,Ltd. .83 .83 ShanghaiXinyeAdvertisi 110,115.5 --- --- 110,115.5 ngCo.,Ltd. 5 5 ShanghaiXinmingRubberF 765,259.0 --- --- 765,259.0 actory 6 6 ShanghaiBaolunIndustry 359,475.4 --- --- 359,475.4 Co.,Ltd. 3 3 ShanghaiDunxinTradingC 1,810,804 --- --- 1,810,804 o.,Ltd. .71 .71 ShanghaiTaihuaLeasingC 1,330,000 --- --- 1,330,000 o.,Ltd. .00 .00 ShanghaiHualunTradingC 1,170,010 --- --- 1,170,010 o.,Ltd. .83 .83 ShanghaiXinxingTrading 600,000.0 --- --- 600,000.0 Co.,Ltd. 0 0 XiamenHuiliIndustriala 2,246,557 --- --- 2,246,557 ndTradingCo.,Ltd. .67 .67 HainanHuiliIndustrial& 460,707.1 --- --- 460,707.1 TradingCo.,Ltd. 9 9 AmericaShanghaiT.R.Co. 1,038,868 --- 16,961.3 1,021,906 ,Ltd. .12 8 .74 Total 28,760,89 389,792. 28,371,09 1.52 24 9.28 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 4. Equity investment difference arising from annexation: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Investee Original Causes Amortiza OpeningB Amorti EndingBa Amount tionPeri alance zed lance od ShanghaiWh 19,971,9 Sharep 10years 13,980,3 998,59 12,981,7 iteElephan 07.55 urchas 35.31 5.36 39.95 tSwanBatte e ryCo.,Ltd. ShanghaiSo 25,268,9 Sharep 10years 14,950,8 1,263, 13,687,3 aps(Group) 85.30 urchas 16.30 449.26 67.04 Co.,Ltd. e Sub-total 45,240,8 28,931,1 2,262, 26,669,1 92.85 51.61 044.62 06.99 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 6.12 Fixed assets and accumulated depreciation 1. Fixed assets ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Category OpeningBal. Additions Disposals(No EndingBal te) Buildingsa 1,203,763,75 1,777,600.0 1,205,541,351 ndconstruc 1.28 0 .28 tions Generalequ 121,938,758. --- 13,959,544.1 107,979,214.0 ipment 14 2 2 Specificeq 2,622,052,18 3,004,311.0 10,985,224.2 2,614,071,267 uipment 0.52 0 9 .23 Transporta 61,716,297.8 2,670,210.7 1,175,036.03 63,211,472.53 tionequipm 0 6 ent Improvemen 449,780.00 --- 449,780.00 ts Improvemen 1,006,715.33 --- 1,006,715.33 tsonleased fixedasset s Others 92,319,363.2 12,620,720. 3,018,923.26 101,921,160.6 4 64 2 Total 4,103,246,84 20,072,842. 29,138,727.7 4,094,180,961 6.31 40 0 .01 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Note: Original amount of fixed assets transferred from construction in process amounts RMB3,355,012.81. Original amount of fixed assets sold amounts to RMB14,284,598.91. Capital commitment for additional fixed assets amounts to RMB 495,060.00. Original amount of fixed asset pledged amounts to RMB396,919,734.86. 2. Accumulated depreciation. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Category OpeningBal Addition Increase Decrease( EndingBala ance s Note1) nce Buildings 312,762,83 18,115,005 0 330,877,84 andconstr 5.45 .18 0.63 uctions Generaleq 89,556,384 4,698,408. 4,162.82 94,250,630 uipment .73 22 .13 Specifice 1,257,371, 56,260,977 8,663,511 1,304,968, quipment 346.08 .20 .42 811.86 Transport 39,174,993 2,659,617. 871,955.9 40,962,654 ationequi .12 67 9 .80 pment Improveme …… 0 nts Improveme 286,853.75 0 286,853.75 ntsonleas edfixedas sets Others 44,270,745 5,720,119. 1,860,833 48,130,031 .53 35 .76 .12 Total 1,743,423, 87,454,127 11,400,46 1,819,476, 158.66 .62 3.99 822.29 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 3. Provision for diminution in value for fixed assets ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Category OpeningBalan Increase Decrease EndingBalanc ce e Buildingsandc 53,614,789.7 53,614,789.7 onstructions 8 8 Generalequipm 5,317,389.63 5,317,389.63 ent Specificequip 113,731,394. 219,662.40 113,511,732. ment 87 47 Transportatio 463,822.92 463,822.92 nequipment Improvements Improvementso nleasedfixeda ssets Others 14,009,737.6 2,426.44 14,007,311.2 7 3 Total 187,137,134. 222,088.84 186,915,046. 87 03 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Note: Decreases are due todisposal of fixed assets in current period. 4. Fully depreciated fixed assets that are still in use ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Category Originalb Accumulat BookValue Provision NetBookV ookvalue eddepreci alue ation Buildingsa 9,551,965 3,274,469 6,277,495 6,116,519.4 160,976. ndconstruc .45 .76 .69 3 26 tions Generalequ 47,874,66 42,428,92 5,445,738 2,629,799.4 2,815,93 ipment 4.80 6.28 .52 3 9.09 Specificeq 175,885,5 156,439,2 19,446,29 15,037,253. 4,409,04 uipment 74.18 77.34 6.84 00 3.84 Transporta 23,715,21 22,299,33 1,415,877 275,307.27 1,140,57 tionequipm 3.61 6.18 .43 0.16 ent Others 11,742,45 10,697,08 1,045,374 717,336.30 328,038. 8.39 3.95 .44 14 Total 268,769,8 235,139,0 33,630,78 24,776,215. 8,854,56 76.43 93.51 2.92 43 7.49 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 6.12 Project materials ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ EndingBalance OpeningBalance 798,319.52 519,984.52 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 6.14 Construction in Process ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Project OpeningBa Increase Transfe OtherDe EndingBa Sourceo l rredtoF crease l fcapita ixedAss l ets Newfacto 211,532,4 162,918, --- --- 374,450, Financi ryofTyre 80.28 153.56 633.84 alBorro andRubbe wings rRugao RADIALTy 34,594,03 46,535,1 414,833 189,577 80,524,7 Financi reProjec 9.14 58.81 .50 .92 86.53 alBorro tinLoadC wings arryCo., Ltd. Technica 859,063.0 1,314,82 0.00 0.00 2,173,88 Others lrenovat 0 0.88 3.88 ionofDaz heng F270equi 873,470.9 --- --- --- 873,470. Others pmentrep 9 99 air TyreandR 3,067,635 4,297,01 1,406,0 555,174 5,403,39 Others ubberRes .12 2.54 79.31 .44 3.91 earchIns titutefa cilityco nstructi onprojec t Construc 17,613,84 684,612. 1,534,1 0.00 16,764,3 Others tionTyre 3.29 00 00.00 55.29 projecto fDonghai Technica 2,186,356 176,836. 0.00 0.00 2,363,19 Others lrenovat .71 23 2.94 ionofSha nghaiSoa pCo. Newworks 5,974,528 3,153,05 684,759 35,000. 8,407,82 Others hopofWhi .65 1.58 .08 00 1.15 te-eleph antfacto ry MoltechP 80,897,72 199,937. 0.00 0.00 81,097,6 Others owerfaci 2.44 51 59.95 lityequi pment Others 195,440.5 4,205,76 645,169 124,747 3,631,28 Others 8 2.02 .35 .42 5.83 Total 357,794,5 223,485, 4,684,9 904,499 575,690, --- 80.20 345.13 41.24 .78 484.31 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Provision for impairment losses of construction in process ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Project OpeningBalan Decrea EndingBalan Reasonforprovi ce se ce sionmade F270equipmentre 873,470.99 --- 873,470.99 Waitingforremo pair val Total 873,470.99 --- 873,470.99 --- ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Ending balance of construction in process has increased by 60.90% as compared with opening balance, amounting to RMB 217,895,904.11. Main reason of such increase is due to 500,000 sets of whole steel load carry Radial tyres project in Rugao and 600,000 sets of whole steel load carry Radial tyres expanding reproduction project in Load Carry Co., Ltd. 6.14. Fixed assets pending disposal ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ EndingBalance OpeningBalance -164,425.98 --- ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Ending balance is the amount of indisposed assets of the fixed assets pending disposal account that have been transferred from fixed assets as approved. 6.15 Intangible assets ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Cate Amort Way Origi Openi In Tr Amort Accumu Ending Rem gory izati ofO nalAm ngBal cr an ized latedA Bal ain onPer bta ount ea sf mortiz -in iod in- se er ation gam men re ort t d iza -ti onp eri od Land 9-60y Pur 301,1 86,56 16 -- 1,593 22,833 248,12 66- UseR ears cha 70,13 3,655 3, - ,923. ,374.8 1,231. 461 ight se 6.09 .05 15 43 4 62 mon 1, ths 50 0. 00 Trad 10-19 Pur 33,25 22,68 -- -- 948,0 11,520 21,737 54- eMar years cha 7,838 5,870 - - 54.60 ,022.7 ,816.0 180 kUse se .84 .66 8 6 mon Righ ths t Fina 5-10y Pur 7,046 5,271 -- -- 147,0 1,921, 5,124, 54- ncia ears cha ,253. ,352. - - 00.00 901.32 352.16 76m lSof se 48 16 ont twar hs eLic ense ,etc . Tota 341,4 114,5 16 -- 2,688 36,275 274,98 l 74,22 20,87 3, - ,978. ,298.9 3,399. 8.41 7.87 15 03 4 84 1, 50 0. 00 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Note: The increase is due to the purchase of land use right 6.16 Long-term deferred asset ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Item Origin Openin Incre Transf Amor Accumul Endin Remai alamou gBalan ase(N erred( tize atedAmo gBala n-ing nt ce ote1) Note2) d rtizati nce amort on iza-t ionpe riod Utilit 8,273, 832,20 118, 7,559,9 713,3 36Mon yexpan 276.00 0.47 885. 61.33 14.67 ths sionex 80 penses Prelim 4,361, 3,278, 1,083 4,361 inarye 858.46 243.71 ,614. ,858. xpense 75 46 (Note) Otherd 7,363, 910,80 227, 6,680,4 683,1 10mon eferre 593.87 7.00 701. 88.37 05.50 ths dexpen 50 diture s Total 19,998 5,021, 1,083 346, 14,240, 5,758 ,728.3 251.18 ,614. 587. 449.70 ,278. 3 75 30 63 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Note 1: Increases are due to newly set-up subsidiaries. 6.17 Other long-term assets ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Project OriginalA OpeningB Increas Amortiz Accumula EndingBa mount alance e ed tedAmort lance ization Leasedd 16,606,63 14,758,3 256,636 283,202 1,874,83 14,731,8 evelope 6.60 69.04 .60 .34 3.30 03.30 dproduc t Floatin 786,585.5 786,585 786,585. gshares 8 .58 58 asrisng fromsha re-trad ingrefo rmNote Total 17,393,22 14,758,3 1,043,2 283,202 1,874,83 15,518,3 2.18 69.04 22.18 .34 3.30 88.88 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Note:Obtain Jinjiang Restaurant floating shares by decreasing its legal person shares. 6.18 Short-term loans 1. Short-term loans ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Category EndingBalance OpeningBalance Creditborrowings 410,063,610.83 44,753,800.00 Mortgagedborrowings(Note1 --- 12,000,000.00 ) Pledgedborrowings(Note1) 99,944,999.99 90,773,519.24 Securedborrowings 1,157,644,294.14 1,327,552,041.58 Discountofbankacceptance 33,100,340.32 Discountoftradeacceptance 145,000,000.00 70,000,000.00 (Note2) Total 1,812,652,904.96 1,578,179,701.14 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Note 1: See 10.2 Note 2: Trade acceptances issued by companies within the consolidation range. Note 3: Ending balance of foreign currency borrowings amounts to USD 44,945,253.38, which is equivalent to RMB 359,364,267.93 at an exchange rate 7.9956. 4. Overdue amount: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Name Amount Reason ICBCChangningBranch 2,200,000.00 Proceduresunsettled ICBCChangningBranch 890,000.00 Proceduresunsettled ICBCChangningBranch 90,000.00 Proceduresunsettled ICBCChangningBranch 223,800.00 Proceduresunsettled ICBCChangningBranch 350,000.00 Proceduresunsettled ICBCChangningBranch 1,000,000.00 Proceduresunsettled Total 4,753,800.00 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 6.19 Notes payable ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Category EndingBalance OpeningBalance BankAcceptance 186,607,385.44 79,959,000.00 TradeAcceptance 28,615,473.64 29,875,360.04 Total 215,222,859.08 109,834,360.04 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Note: Ending balance has increased by 95.95% as compared with opening balance, amounting to RMB 105,388,499.04. Main reason of this increase is due to that parent company and its raw materials suppliers have agreed to settle payments by bank acceptances issued and discounted by the buyer. 6.20 Accounts payable Ending Balance Opening Balance ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 625,135,437.62 633,077,304.38 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ No amount due to shareholders that own more than 5% (including 5%) of the voting shares of the Company. Large amounts over three years: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ NameofCreditors Amount Causesforarrears ShanghaiBeautifulFoodCo.,Ltd. 43,608,316. Intheprocessoflitigati 67 on ShanghaiUnileverSoapsCo.,Ltd. 24,045,987. Currentaccountoverpast 52 years HualingCompositionTradingCo. 2,509,070.1 Currentaccountoverpast 0 years LijiaoTechnicalandIndustrialT 2,029,838.1 Currentaccountoverpast radingCo. 9 years ShanghaiAxungeCo.,Ltd. 1,006,882.2 Intheprocessoflitigati 0 on ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 6.21 Advances from customers Ending Balance Opening Balance ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 287,248,797.65 103,280,040.82 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ There is no amount due to shareholders that own more than 5% (including 5%) voting shares of the Company. Ending balance has increased by 178.13% as compared with opening balance, amounting to RMB 183,968,756.83. Main reason of this increase is due to increase in advances from customers of subsidiaries. 6.22 Other payables Ending Balance Opening Balance ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 404,299,500.47 361,232,145.03 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ There is no amount due to shareholders that own more than 5% (including 5%) voting shares of the Company. Among which big amounts are: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Creditors Amount Nature ReimbursementforNo447Changya 135,147,046.45 Reimbursement nRd.landuseright SidaGarden 16,575,000.00 Currentaccount LaborUnion 13,079,093.99 TemporaryLoan ShanghaiTaihuaLeasingCo.,Ltd 10,174,466.94 TemporaryLoan ShanghaiUnileverSoapsCo.,Ltd 8,256,273.72 TemporaryLoan . Total 183,231,881.10 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 6.23 Dividends payable ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ InvesteeorCategory AmountDueatye Reason ar-end Shareholdersoflegalpersonshar 849,817.74 Dividendyettobepaid es ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 6.24 Taxes payable 1. Category ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Category EndingBalan OpeningBalance Applicablerateduri ce ngtheperiod VAT 360,002.00 11,449,800.69 13%、17% BusinessTax 11,630,895. 11,669,451.64 3%-5% 00 ConsumptionTax 110,957,323 138,677,165.61 10%、8%、3% .99 CityConstructionT 3,200,542.7 3,265,426.50 7% ax 5 EIT 1,024,257.0 -796,017.14 15%、27%、33% 0 IndividualIncomeT 225,833.19 844,330.23 --- ax RealEstateTax 397,754.60 377,758.03 --- LandVAT 5,760.38 7,508.26 --- LandUseTax --- --- Total 127,802,368 165,495,423.82 .91 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Note:On March 21, 2006,Ministry of Finance and State Administration of Taxtion issued a notice jointly, in which the Comsumption Tax on BIAS tyres had been adjusted. The taxation rate on BIAS tyres is dercreased from previous 10% to 3%. The taxation rate on RADIAL tyre is still 0%. The adjustment is excuted from April 1, 2006. 2. Overdue taxes payable (a) ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Category Amount VAT 23,424,805.13 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Among which: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ShanghaiTianfuRealEstateDevelopmentCo.,Lt 650,943.40 d. ShanghaiDafuRubberCo.,Ltd. 13,760,727.64 ShanghaiTyre&RubberCo.,Ltd.SijingRubberFa 6,364,343.87 ctory ShanghaiTyre&Rubber(Group)DonghaiTyreCo., 2,648,790.22 Ltd. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (2) Comsumption tax 108,066,498.23 Among which: Shanghai Da Fu Rubber Co., Ltd. 6,707,363.79 Shanghai Tyre & Rubber Co., Ltd. Sijing Rubber Factory 61,520,734.28 Shanghai Tyre & Rubber Co., Ltd. 38,271,633.25 Shanghai Tyre & Rubber Co., Ltd. Donghai Rubber Factory 2,566,766.91 (3) Business tax 11,434,970.69 Among which: Shanghai Tianfu Real Estate Development Co., Ltd. 11,434,970.69 (4)City Construction Tax 2,527,682.16 Among which: Shanghai Da Fu Rubber Co., Ltd. 2,493,548.15 Shanghai Tyre & Rubber Co., Ltd. Donghai Rubber Factory 34,134.01 Total 145,453,956.21 6.25 Other levies payable ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Item EndingBala OpeningBal LevyStandard nce ance EducationSurch 2,640,714. 2,814,462. Leviedat3%ofVAT,BTPayable. arge 66 88 CompulsoryMili 14,213.23 342.54 Sijingisleviedat1%ofVAT,BT taryServiceSur payable. tax Dikeexpenses 11,160.32 27,592.30 Sijingisleviedat0.3%ofVAT, BTpayable. RiverManagemen 144,330.64 249,510.18 Leviedat0.5%ofVAT,BTpayabl tCharges e. Foodriskfund --- 60,199.82 RugaoInvestmentisleviedat0 .1%ofthesalesturnover. Total 2,810,418. 3,152,107. 85 72 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 6.26 Accrued expenses ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Category EndingBala OpeningBalan Reason nce ce Interest 6,930,911. 3,852,025.56 Interestunpaid 61 Warehouseexpens 30,000.00 --- Expensescoveringinthere es portingperiodtobepaid Freight 1,620,000. --- Expensescoveringinthere 00 portingperiodtobepaid Overhaulexpense 219,434.75 --- Expensescoveringinthere s portingperiodtobepaid Chargesforwater 3,386,759. Expensescoveringinthere andelectricity 01 portingperiodtobepaid Commission 2,026,493. Expensescoveringinthere 57 portingperiodtobepaid Others 17,104,168 Expensescoveringinthere .84 portingperiodtobepaid Total 31,317,767 3,852,025.56 --- .78 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 6.27 Long-term liabilities due within one year ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Item EndingBalance OpeningBalance Creditborrowings 4,700,000.00 4,700,000.00 Securedborrowings 747,011,045.54 766,391,729.10 Pledgedborrowings(N ote) Total 751,711,045.54 771,091,729.10 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Note: see 10.2 1. Among which overdue borrowings are: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Termsofborrowings Amountover Reason due AgricultureBankofChinaShang 7,151,867. Proceduresunsettledbythes haiBranchBusinessDepartment 25 ubsidiaries ChinaConstructionBankShangh 1,908,785. Proceduresunsettledbythes aiBranch 51 ubsidiaries ChinaConstructionBankShangh 1,099,031. Proceduresunsettledbythes aiBranch 07 ubsidiaries ChinaConstructionBankShangh 1,394,049. Proceduresunsettledbythes aiBranch 99 ubsidiaries ChinaConstructionBankShangh 1,802,330. Proceduresunsettledbythes aiBranch 58 ubsidiaries ChinaConstructionBankShangh 2,103,281. Proceduresunsettledbythes aiBranch 71 ubsidiaries ChinaConstructionBankShangh 5,809,924. Proceduresunsettledbythes aiBranch 79 ubsidiaries ChinaConstructionBankShangh 246,480.82 Proceduresunsettledbythes aiBranch ubsidiaries ChinaConstructionBankShangh 142,643.76 Proceduresunsettledbythes aiBranch ubsidiaries ShanghaiChemicalIndustrialB 4,700,000. Proceduresunsettledbythes ureau 00 ubsidiaries ChinaConstructionBankNo.4Br 1,788,803. Proceduresunsettledbythes anch 71 ubsidiaries Total 28,147,199 .19 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 6.28 Long-term borrowings ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Termsofborrowings EndingBalance OpeningBalance Creditborrowings 3,291,700.65 3,292,560.00 Securedborrowings 537,312,667.09 497,291,355.09 Mortgageborrowings 185,000,000.00 61,000,000.00 Total 725,604,367.74 561,583,915.09 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Note: among which foreign currency borrowings are ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Currenc OriginalAmoun ExchangeRate RMBEquivalent y t JPY 38,176,190.00 0.069467 2,651,985.39 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Ending balance of long-term borrowings has increased by 29.21% as compared with opening balance, amounting to RMB 164,020,452.65. Main cause of increase in long-term borrowings is due to that additional borrowing of RMB 174,000,000.00 has occurred for Rugao heavy tyre project. Other decreases in long-term borrowing are due to pay-off by subsidiaries. 6.29 Long-term payable ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Category EndingBalance OpeningBalance HuayiGroup 93,863,544.23 93,863,544.23 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 6.30 Specific payable ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Category EndingBalance OpeningBalance SpecificfundforR&D 1,470,000.00 1,470,000.00 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 6.31 Share capital ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ EndingBalan Percenta OpeningBalan Percenta ce ge(%) ce ge(%) 1.Unlistedshares Promoter’sshares 601,751,722 67.65 617,767,722 69.45 Amongwhich State-ownedshares 601,751,722 67.65 617,767,722 69.45 Amongwhich:State-ow 589,841,461 66.32 605,857,461 68.12 nedshares Sharesownedbystate- 11,910,261 1.34 11,910,261 1.34 ownedlegalpersons Domesticlegalperson 5,720,000 0.64 5,720,000 0.64 s Unlistedsharesintot 607,471,722 68.30 623,487,722 70.10 al 2.Listedshares OrdinarysharesinRMB 38,896,000 4.37 22,880,000 2.57 Domesticallylistedf 243,100,000 27.33 243,100,000 27.33 oreigninvestmentsha res Listedsharesintotal 281,996,000 31.7 265,980,000 29.90 3.Sharesintotal 889,467,722 100.00 889,467,722 100.00 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 6.32 Capital surplus ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Item OpeningBalan Increas Decrease(No EndingBalanc ce e te) e Capitalsurplus 369,140,228. 369,140,228. 50 50 Exchangedifferen -389,760.00 -389,760.00 ceofforeigncapit al Provisionfornon- 113,484.77 113,484.77 monetarydonation Provisionforequi 84,170,121.2 84,170,121.2 tyinvestment 5 5 Othercapitalsurp 95,456,618.7 95,456,618.7 lus 6 6 Pricedifferences 35,766,373.4 35,766,373.4 ofrelatedtransac 7 7 tions Total 584,257,066. 584,257,066. 75 75 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 6.33 Surplus reserve ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Category OpeningBalanc Increas Decrease(no EndingBalan e e te) ce StatutorySurplus 23,129,868.81 23,129,868. Reserve 81 PublicWelfarefun 13,026,472.99 13,026,472. d 99 VoluntaryEarning 4,631,528.64 4,631,528.6 sSurplus 4 Total 40,787,870.44 40,787,870. 44 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 6.34 Unconfirmed losses from investments ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Project EndingBalanc OpeningBalan e ce 121,338,556. 121,612,130. 08 30 Amongwhich: ShanghaiDafuRubberCo.,Ltd 118,485,667. 114,728,351. 38 03 ShanghaiSoaps(Group)SupplyandMarketing 2,706,204.28 2,953,306.37 Co.,Ltd. ShanghaiSoapCo.,Ltd. --- 3,930,472.90 ShanghaiLingxuAxungeStorage&RefineryCo 146,684.42 --- .,Ltd. Total 121,338,556. 121,612,130. 08 30 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 6.35 Undistributed profit ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Item Amount Appropriationor distributionrat e OpeningBalance 87,412,709.03 --- Add:Netprofitofcurrentperiod 58,863,322.42 --- Add:Transferofsurplusreserve Add:Transferofcapitalsurplus Less:Appropriationofstatutorysurpl --- 5% usreserve Appropriationofstatutorypublicwelf --- 5%-10% arefund Appropriationofstaffandworkers’bo --- 5% nusandwelfarefund Appropriationofvoluntaryearningssu --- 10% rplus Dividendpayableoncommonshare(Note) 44,473,386.10 ClosingBalance 101,802,645.3 --- 5 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Note: Dividend payable on common share comes from the resolution of 2005 shareholders meeting . 6.36 Revenue from principal operations, costs of principal operations ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Category Revenuefromprincipaloper Costofprincipaloperatio ations ns Currentperi Sameperiodl Currentperi Sameperiod od astperiod od lastPeriod Bu 1.Industry 3,542,051,1 4,039,644,4 3,259,226,2 3,635,572, si 85.90 31.59 50.85 184.17 ne 2.Commercia 1,760,322,2 254,892,689 1,706,614,9 253,976,80 ss l 32.07 .91 90.04 9.18 Se 3.RealEstat 1,770,300.0 2,319,528.1 887,480.39 1,694,046. ct e 0 5 89 or 3.Travel,re 1,734,337.5 1,723,973.0 270,335.08 319,111.11 staurantand 0 9 services Sub-total 5,305,878,0 4,298,580,6 4,966,999,0 3,891,562, 55.47 22.74 56.36 151.35 Offsets 2,580,392,5 1,990,549,2 2,580,392,5 1,990,549, 57.72 74.61 57.72 274.61 Total 2,725,485,4 2,308,031,3 2,386,606,4 1,901,012, 97.75 48.13 98.64 876.74 Ge Shanghai 5,305,878,0 4,298,580,6 4,966,999,0 3,891,562, og 55.47 22.74 56.36 151.35 ra Others ph Sub-total 5,305,878,0 4,298,580,6 4,966,999,0 3,891,562, ic 55.47 22.74 56.36 151.35 al Offsets 2,580,392,5 1,990,549,2 2,580,392,5 1,990,549, Se 57.72 74.61 57.72 274.61 ct or Total 2,725,485,4 2,308,031,3 2,386,606,4 1,901,012, 97.75 48.13 98.64 876.74 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Sales to the first five largest customers amount to RMB 2,082,341,465.14, accounting for 76.40% of the total revenue from principal operations. Revenue from principal operations has increased 18.09%, amounting by RMB 417,454,149.62, as compared with same period last year. Main reason of this increase is due to that the whole-steel project has been put into use. 6.37 Tax and levies of principal operations ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Item Applicablera CurrentPeriod SamePeriodLastYear te BusinessTax 5% 116,857.86 202,175.08 ConsumptionTax 3%-10% 17,541,550.03 35,283,151.55 CityConstructio 7% 1,164,083.89 1,612,595.11 nTax EducationSurcha 3% 530,244.25 849,626.00 rge Others --- 301.41 27,740.40 Total --- 19,353,037.44 37,975,288.14 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 6.38 Revenue from other operations ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Catego CurrentPeriod SamePeriodLastYear ry Income Cost Profit Income Cost Profit Saleso 18,079,3 18,656,5 -577,232 12,684,2 12,184,7 499,456. fmater 33.69 66.24 .55 20.06 63.86 20 ials Agency 0.00 0.00 0.00 238,569. 36,117.4 202,451. servic 00 0 60 es Dispos 6,504,46 5,342,23 1,162,23 566,046. 140,214. 425,831. alofSc 4.50 4.12 0.38 53 91 62 raps Proces 6,484,12 8,149,82 -1,665,7 4,396,05 3,562,17 833,879. sbusin 5.48 7.02 01.54 5.74 6.57 17 ess Useoft 8,012,27 395,367. 7,616,90 5,830,65 298,299. 5,532,35 radema 6.89 65 9.24 9.11 68 9.43 rks Leasin 17,782,2 5,298,32 12,483,9 18,251,1 5,447,38 12,803,7 gbusin 64.10 4.78 39.32 15.81 5.26 30.55 ess Saleso 56,491,8 54,155,2 2,336,55 6,143,56 6,107,72 35,840.1 fhalf- 50.99 96.49 4.50 9.21 9.05 6 madepr oducts Techni 6,400.00 355.20 6,044.80 33,000.0 1,831.50 31,168.5 calser 0 0 vices Servic 24,700,0 1,235,00 23,465,0 19,000,0 950,000. 18,050,0 esrend 00.00 0.00 00.00 00.00 00 00.00 eredto Michel in Labors 4,343,30 3,098,07 1,245,23 1,181,45 566,073. 615,385. ervice 8.60 6.79 1.81 9.33 88 45 s Others 1,026,97 764,616. 262,356. 5,874,01 5,812,59 61,416.9 3.22 49 73 4.84 7.93 1 Total 143,430, 97,095,6 46,335,3 74,198,7 35,107,1 39,091,5 997.47 64.78 32.69 09.63 90.04 19.59 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Revenue from other operations has increased 18.53% by RMB 7,243,813.10. Main reason is due to the increase of service income from Michelin compare with the same period of last year.. Businesses that account for more than 10% (including 10%) of total revenue from other operations: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Category Incomeofcurre Costofcurrentpe Profitofcurrentpe ntperiod riod riod Servicesrendere 24,700,000.00 1,235,000.00 23,465,000.00 dtoMichelin Leasingbusiness 17,782,264.10 5,298,324.78 12,483,939.32 Useoftrademarks 8,012,276.89 395,367.65 7,616,909.24 Total 50,494,540.99 6,928,692.43 43,565,848.56 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Above revenue from other operations is mainly derived from per agreement signed with Mechelin regarding RMB 5,000,000.00 for using of trademarks; RMB 24,700,000.00 for rendering of services and RMB 900,000.00 for leasing income as well as other revenues from subsidiaries. 6.39 Financial expenses ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Category CurrentPeriod SamePeriodLastYear InterestExpenses 63,759,704.25 58,080,010.91 Less:InterestIncome 4,605,389.62 3,299,311.84 ExchangeLosses 9,415,197.05 3,969,547.56 Less:ExchangeGains 6,012,651.13 1,321,404.20 Others 2,096,087.08 2,025,543.97 Total 64,652,947.63 59,454,386.40 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Financial expenses have increased 8.74% by RMB 5,198,561.23. Main reason of this increase is due to increase in borrowings and adjustment of loan interest rate by People’s Bank of China. 6.40 Investment income 1. Current Period ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Categ Income In Incom Incomefr Amorti Profit Provi Total ory fromin co efrom omequity zation fromdi sion vestme me equit investme onequi sposal ntissh fr yinve ntundere tyinve ofshar ares om stmen quitymet stment es de tunde hod differ bt rcost ence in metho ve d st me nt Short --- -- --- --- --- --- --- --- -term - inves tment Long- 44,015 28255 -2777288 -2,262 9,953, 389,7 27,150, terme ,822.0 22.11 3.71 ,044.6 882.97 92.24 091.06 quity 7 2 inves tment Total 44,015 28255 -2777288 -2,262 9,953, 389,7 27,150, ,822.0 22.11 3.71 ,044.6 882.97 92.24 091.06 7 2 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 2. Same period last year ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Catego Income In Incom Incomef Amortiz Profit Prov Total ry fromin co efrom romequi ationon fromdi isio vestme me equit tyinves equityi sposal n ntissh fr yinve tmentun nvestme ofshar ares om stmen derequi ntdiffe es de tunde tymetho rence bt rcost d in metho ve d st me nt Short- --- -- --- --- --- --- --- --- termin - vestme nt Long-t 1,080, -- 354,8 -22,408 -958,08 -1,251 -325 -23,508 ermequ 000.00 - 63.89 ,308.50 4.91 ,710.4 ,439 ,679.39 ityinv 3 .44 estmen t Total 1,080, -- 354,8 -22,408 -958,08 -1,251 -325 -23,508 000.00 - 63.89 ,308.50 4.91 ,710.4 ,439 ,679.39 3 .44 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Note: Income of equity investment recognized under equity method has increased 3,975.54% by RMB 42,935,822.07. Main reason of this increase is due to that the disposal of 9 million Pudong Bank legal person shares. The net income of this disposal is RMB40.73 million. Activities accounting for more than 10% (including 10%) of the total investment income during the reporting period. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Item Amount Incomeofequityinvestmentrecognize -27,772,883.71 dunderequitymethod Disposaloflegalpersonshares&divid 44,015,822.07 endincome Netincomefromdisposalofshares 9,953,882.97 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 6.41 Subsidy income ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Content CurrentPeriod PreviousPeriod Sources LocalFinancialsubs 995,000.00 1,189,192.00 ShanghaiTaxBur idy eau,etc. Total 995,000.00 1,189,192.00 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 6.42 Non-operating income ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Category CurrentPeriod PreviousPeriod Netprofitfromdisposaloffixedasset 172,884.55 73,629.78 s Penaltyandfineincome 14,184.00 1,400.00 CommissionhandedinbyDisciplineins 1,590,754.82 pectonDpt. Overageoffixedassets 43,000.00 Others 5,544,973.32 80,951.08 Total 7,365,796.69 155,980.86 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Non-operating income has increased RMB 7,209,815.83 by 4622.24% as compared with previous period. Main reason of this decrease is due to: the increased net income of disposal of fixed assets and intangible assets, the commission handed in by Displine Inspection Department. 6.43 Non-operating expenditure ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Category CurrentPerio PreviousPeriod d Netlossesfromdisposaloffixedassets 1,724,388.24 260,703.49 Provisionfordiminutioninvalue -35,469.98 Penalty 6,300.64 34,500.00 Lossesofguarantee 3,321,911.65 Peasantsredundancyandothercompensa 235,910.15 199,096.39 tions Donations 20,000.00 Total 1,966,599.03 3,800,741.55 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Non-operating expenditure has decreased RMB 1,834,142.52 by 48.26%. Main reason of this decrease is due from guarantee losses of RMB 3,321,911.65 for Sino Shenma Group Co., Ltd. occurred in the previous period. 6.44 Other cash received relating to operating activities amounts to RMB 436,982,187.55 Main items are: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Item Amount CurrentAccount 213,605,650.69 Interestincome 4,550,435.72 YangpuDistrictLandDevelopmentCente 125,978,500.00 r Others 92,847,601.14 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Other cash paid relating to operating activities amounts to RMB 399,073,462.59 Main items are: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Item Amount CurrentAccount 166,840,036.23 Expenditures 165,408,879.83 Others 66,824,546.53 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 6.46 Other cash received relating to investment activities amounts to RMB 27,861,127.44 The main reason is due to Shanghai Tyre & Rubber Co., Ltd Rugao Investment Co., Ltd., the former subsidiary of Shanghai Tyre & Rubber Co., Ltd, excluded in the consolidation scope in current period. 7 Notes to the main items of accounting statement of the parent company (Amounts expressed are in RMB for closing balance unless otherwise stated.) 7.1 Accounts receivable 1. Aging analysis ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Agin EndingBalance OpeningBalance g BookValu Perc Pro BadDebtP BookValu Per Prov BadDebtP e enta vis rovision e cen isio rovision ge(% ion tag nRat ) Rat e(% e(%) e(% ) ) With 833,349, 99.4 5% 286,704, 730,481, 99. 5% 291,180, in1y 309.91 8% 149.72 255.55 46% 610.03 ear( note ) 1-2y 302,465. 0.04 30% 90,739.5 254,148. 0.0 30% 76,244.4 ears 21 % 6 12 3% 4 2-3y 1,385,49 0.16 50% 865,342. 1,172,89 0.1 50% 759,040. ears 8.25 % 82 3.57 6% 48 Over 2,682,34 0.32 100 2,682,34 2,575,47 0.3 100% 2,575, 3yea 1.15 % % 1.15 0.03 5% 470.03 rs Tota 837,719, 100. --- 290,342, 734,483, 100 --- 294,591, l 614.52 00% 573.25 767.27 .00 364.98 % ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Note: Net assets of the following subsidiaries, Shanghai Tyre & Rubber Supply and Marketing Co., Ltd, Shanghai Tyre & Rubber Co., Ltd. Tyre Research Institute are negative; therefore, bad debt provision of RMB 256,666,937.96 and bad debt provision of RMB 5,190,488.07 are recognized respectively by the parent company against relative account receivables based on its proportion of net assets 2. The first five largest amounts of accounts receivable amount to RMB733,570,484.37, accounting for 87.57% of the total amount of accounts receivable. 3. Explanation for the 100% provision or the provision rate over 40%: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Debtor Amount ProvisionR Aging ate ShanghaiTyre&RubberSupply 256,666,937.96 99.58% Within1year andMarketingCo.,Ltd. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Except for above-mentioned accounts receivable, 5% provision is made for accounts within one year; 30% provision is made for accounts within 1-2 years; 50% provision is made for accounts within 2-3 years; 100% provision is made for accounts over 3 years. There is no account receivable due from shareholders owning more than 5% (including 5%) of voting shares of the parent company at year-end. 7.2 Other receivables 1. Aging analysis ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Agin Endingbalance OpeningBalance g BookValue Percen Provision BookValue Percen Provision tage tage With 422,639,61 57.15% …… 315,352,25 49.89% …… in1y 3.66 6.45 ear 1-2y 52,108,164 7.05% …… 52,108,164 8.24% …… ears .15 .15 2-3y 44,841,080 6.06% …… 44,841,080 7.09% …… ears .27 .27 Over 219,892,63 29.74% 19,461,67 219,892,63 34.78% 19,461,67 3yea 8.88 3.73 8.88 3.73 rs Tota 739,481,49 100.00 19,461,67 632,194,13 100.00 19,461,67 l 6.96 % 3.73 9.75 % 3.73 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 2. The first five largest other receivables amount to 475,815,273.13, accounting for 64.34% of the ending balance Explanation for the 100% provision or the provision rate over 40%: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Nature Amount ProvisionRate Temporaryloan 10,538,272.93 100% Securitydeposit 8,118,400.80 100% Advancestosuppliers 805,000.00 100% Total 19,461,673.73 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 4. Big amounts are: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Debtor Amount NatureorContent ShanghaiDoubleCoinBiyuanRea 179,441,500.00 Temporaryloan lEstateCo.,Ltd. LandexchangeProceeds 152,297,829.03 Note1 ShanghaiZhengxingRealEstate 62,767,306.5848, Temporaryloan(Note2 Co.,Ltd.Fordisposalofshares 000,000.00 ShanghaiTyre&RubberCo.,Ltd. 43,408,637.52 Temporaryloan TyreResearchInstitute Total 485,915,273.13 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Note 1: According to the first temporary shareholders meeting in 2003, it was decided that the parent company would include the following accounts receivable in the exchange plan. Therefore, no provision is made in this period. (Details please see Note 12.2) Note 2: As of reporting date, RMB 17 million of accounts receivable from Rugao Investment Co., Ltd.for Shares transfer is received. The rest RMB 31 million will be received in Auguest this year as agreed before. 5. No amount due from the shareholders that own more than 5%(including 5%) voting shares of the Company. 7.3 Long-term investment ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Item EndingBalance OpeningBalance BookValue Provision BookValue Provision Long-termequi 759,356,240. 12,466,344 861,699,514.5 12,483,305 tyinvestment 47 .08 5 .46 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 1. Long-term equity investment (1) Investment in shares ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ NameofInves Catego Quan Propo Origina Endingb Provi Opening tee ry titi rtion linvest ookvalu sion bookval es store mentcos e ue giste ts redca pital PudongDevel Legalp …… 6,000,0 opmentBank ersons 00.00 hares SanjiuDevel Legalp 1,76 <5% 15,188. 15,188. 3,414 15,188. opment ersons 0 80 80 .40 80 hares Chlorinealk Legalp 33,8 <5% 265,804 265,804 92,33 265,804 aliChemical ersons 80 .00 .00 8.40 .00 s hares BailianStoc Legalp 173, <5% 1,497,0 1,497,0 563,7 1,497,0 ks ersons 467 20.21 20.21 67.75 20.21 hares AijianStock Legalp 208, <5% 700,000 700,000 …… 700,000 s ersons 339 .00 .00 .00 hares ShanghaiPet Legalp 200, <5% 600,000 600,000 …… 600,000 roline ersons 000 .00 .00 .00 hares JinjiangRes Legalp 8,54 <5% 9,000,0 9,000,0 …… 9,000,0 taurant ersons 1,95 00.00 00.00 00.00 hares 1 JinjiangRes -786,58 -786,58 taurant 5.58 5.58 Subtotal --- …… …… 11,291, 11,291, 659,5 18,078, 427.43 427.43 20.55 013.01 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (2) Other equity investment A. Valuation of equity investment in subsidiaries under cost method: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ NameofInvestee Proportiont Openingb Increase Endingbook otheregiste al s/Decrea value redcapital ses ShanghaiSteelWireTech 2.00% 31,905.2 …… 31,905.29 nologyDevelopmentCo., 9 Ltd.(Note1) ShanghaiSenmaoIndustr 17.00% 2,076,06 …… 2,076,061. yCo.,Ltd. 1.94 94 ChinaNorthAmericaTyre 44.00% 3,606,72 …… 3,606,724. MarketingCo.,Ltd. 4.44 44 LiaoningShanghaiTyre& 50.00% 500,000. …… 500,000.00 RubberJoint-VentureCo 00 .,Ltd.(Note1) ShanghaiChangyinIndus --- 1,000,00 --- 1,000,000. trialTradingCo.,Ltd.( 0.00 00 Note1) FarEastEconomicIndust 3.00% 30,000.0 --- 30,000.00 ryCo.,Ltd.(Note1) 0 ChinaZhonglianRubberC --- 1,050,00 --- 1,050,000. o.,Ltd. 0.00 00 ShanghaiChemicalProje 12.50% 150,000. --- 150,000.00 ctTechnologyConsultin 00 gCo.,Ltd. ShanghaiCultureIndust 7.50% 1,500,00 --- 1,500,000. ryCo.,Ltd.(Note1) 0.00 00 ShanghaiShengshengTyr 15.00% 600,000. --- 600,000.00 eMouldCo.,Ltd 00 BankofCommunications <5% 1,900,00 1,900,000. 0.00 00 ShengyinWaiguoSecurit <5% 12,500,0 12,500,000 iesCo.,Ltd. 00.00 .00 ChangjiangEconomicUni <5% 2,800,00 2,800,000. tedDevelopment(Group) 0.00 00 Co.,Ltd. ShanghaiInternational <5% 23,333,3 23,333,300 TrustInvestmentCo.,Lt 00.00 .00 d HaitongSecurities <5% 10,200,0 10,200,000 00.00 .00 ShanghaiBaodingInvest <5% 625,000. 625,000.00 mentCo.,Ltd 00 Sub-total 61,902,9 61,902,991 91.67 .67 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Note 1: Fully provision for diminution in value has been made. Note 2: Shares have been disposed during the period. Note 3: Provision for impairement loss is 40% B. Valuation of equity investment in subsidiaries under equity method: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ In Pro Op Increase/Decreaseincurrent EndingBalance ve por en period st tio in Tot Amongwhich: In Ac To ee nto gb al ve cu ta the al st mu l reg me la ist nt te ere Co dI dca st nc pit re al as e/ De cr ea se Inve Rec Am Pr Pr stme ogn or ov of ntco ize ti is it st din za io ves ti n tme on nti nco me Sh 60. 17 -7, 9,90 -16 -1 -- 180,000,000.00 -7, 172, an 00% 9, 459 7,39 ,10 ,2 - 738 261, gh 72 ,89 4.14 3,8 63 ,79 203. ai 1, 5.5 40. ,4 6.5 42 So 09 2 40 49 8 ap 8. .2 (G 94 6 ro up )C o. ,L td . Sh 100 1, -1, --- -1, -- -- -- 30,000,000.00 -30 an .00 57 570 570 - - - ,00 gh % 0, ,14 ,14 0,0 ai 14 6.8 6.8 00. Ty 6. 6 6 00 re 86 &R ub be rC o. ,L td .T yr eR es ea rc hI ns ti tu te Sh 81. 68 -68 -68, -- -- 71,600,000.00 -71 an 83% ,5 ,53 538, - - ,60 gh 38 8,9 929. 0,0 ai ,9 29. 24 00. Ty 29 24 00 re .2 &R 4 ub be rR ug ao In ve st me nt Co ., Lt d Sh 51. 14 6,1 6,1 -- -- -- 155,036,890.00 2,4 155, an 67% 8, 08, 08, - - - 40. 039, gh 93 261 261 91 330. ai 1, .95 .95 91 Ty 06 re 8. &R 96 ub be rR ug ao Co ., Lt d Sh 90. -- --- --- -- -- -- 19,000,000.00 -19 --- an 48% - - - - ,00 gh 0,0 ai 00. Ty 00 re &R ub be rC o. ,L td .S up pl ya nd Ma rk et in gC o. ,L td .( No te 1) Sh 90. -3 --- --- --- -- -- -- 33,000,000.00 -36 -3,6 an 00% ,6 - - - ,67 70,0 gh 70 0,0 00.0 ai ,0 00. 0 Da 00 00 fu .0 Ru 0 bb er Co ., Lt d. (N ot e1 ) Sh 90. 47 2,9 …… 2,9 -- 131,022,000.00 -80 50,8 an 00% ,9 35, 35, - ,17 49,7 gh 14 621 621 2,2 73.2 ai ,1 .51 .51 26. 8 Xi 51 72 ny .7 eI 7 nd us tr yC o. ,L td . Sh 79. 7, 3,0 …… 3,0 -- -- 22,736,735.00 -12 10,3 an 75% 27 37, 37, - - ,42 08,5 gh 1, 037 037 8,1 95.9 ai 55 .02 .02 39. 8 Ty 8. 02 re 96 &R ub be rC o. ,L td .S ij in gR ub be rF ac to ry Sh 65. 33 74, …… 74, -- -- -- 9,542,000.00 24, 34,0 an 00% ,9 517 517 - - - 531 73,5 gh 99 .96 .96 ,59 97.6 ai ,0 7.6 1 Ty 79 1 re .6 &R 5 ub be rD on gh ai Ty re Co ., Lt d Sh 90. 9, --- --- --- -- -- -- 9,000,000.00 --- 9,00 an 00% 00 - - - 0,00 gh 0, 0.00 ai 00 Do 0. ub 00 le Co in Bi yu an Pr op er ty Ma na ge me nt Co ., Lt d Ha 90. 3, --- --- --- -- -- -- 1,800,000.00 1,4 3,23 ik 00% 23 - - - 39, 9,42 ou 9, 420 0.82 Fu 42 .82 hu 0. aT 82 yr eM ar ke ti ng Lt d. Sh 43. -3 --- --- --- -- -- -- 22,497,487.86 -26 -3,7 an 68% ,7 - - - ,26 67,2 gh 67 4,7 98.5 ai ,2 86. 3 Ty 98 39 re .5 an 3 dR ub be rM ou ld Ma ch in er yC o. ,L td (N ot e1 ) Sh 59. 3, 456 500, -43 -- -- 3,300,000.00 858 4,15 an 67% 70 ,87 000. ,12 - - ,22 8,22 gh 1, 1.1 00 8.8 3.3 3.38 ai 35 2 8 8 Ty 2. re 26 &R ub be rJ oi nt -V en tu re Co ., Lt d. Sh 94. … … …… … -- -- 8,000,000.00 -8, --- an 12% … … … - - 000 gh ,00 ai 0.0 Ru 0 bb er In du st ry Su pp ly &M ar ke ti ng Co ., Lt d. ( No te 1 ) Xi 100 2, --- --- --- -- -- -- 1,600,000.00 646 2,24 am .00 24 - - - ,55 6,55 en % 6, 7.6 7.67 Hu 55 7 il 7. iI 67 nd us tr ia la nd Tr ad in gC o. ,L td (N ot e2 ) Ha 100 46 --- --- --- -- -- -- 900,000.00 -43 460, in .00 0, - - - 9,2 707. an % 70 92. 19 Hu 7. 81 il 19 iI nd us tr ia la nd Tr ad in gC o. ,L td (N ot e2 ) Am 70. 1, -16 -16, --- -- -- -- 1,218,280.00 -19 1,02 er 00% 03 ,96 961. - - - 6,3 1,90 ic 8, 1.3 38 73. 6.74 aS 86 8 26 ha 8. ng 12 ha iT .R .C o. ,L td (N ot e2 ) Sh 80% 92 5,3 5,3 80,000.00 17, 97,7 an ,4 17. 17. 777 77.2 gh 59 31 31 .21 1 ai .9 Sh 0 an gl un La bo ur Se rv ic es Co ., Lt d( No te 3) Su --- 50 -64 -58, -5, -1 700,333,392.86 -26 435, b- 0, ,96 148, 556 ,2 5,0 319, to 28 8,3 496. ,36 63 13, 795. ta 8, 06. 48 0.3 ,4 597 68 l 10 13 9 49 .18 1. .2 81 6 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Note 1: The net asset of the investee is negative; therefore, valuation of long-term investment is zero. Note 2: Full provision has been made Note 3: New investment in current period Note 4: Equity transfer Note 5: Net asset of the investee is negative, long-term investment is account by the proportion in the consolidationscope. Note 6:Court proceeding end due nto bankrupcy C. Valuation of equity investment in joint ventures by equity method: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Na Pro Open Decrease/Increaseincurren EndingBalance me por ingb tperiod of tio al Tota Amongwhich: Or Ac To In nto l ig cu ta ve the in mu l st reg al la ee ist In te ere ve dD dca st ec pit me re al nt as e/ In cr ea se Inve Reco Dif Pr stme gniz fer of ntco edin enc it st come eAm ort ize d Th 40. 4,94 --- --- --- --- -- 6,927,680.00 -1, 4,9 ai 00% 5,20 - 982 45, la 9.23 ,47 209 nd 0.7 .23 Hu 7 at ai Ru bb er Co ., Lt d. Sh 40. 102, -24, …… -24, --- -- 90,247,200.00 -13 77, an 00% 029, 867, 867, - ,08 162 gh 480. 323. 323. 5,0 ,15 ai 32 82 82 43. 6.5 Xi 50 0 nl un Un it ed De ve lo pm en tC o. ,L td . Sh 28. 105, -5,9 -5,5 -46 -- 274,415,680.00 -17 99, an 49% 610, 98,4 33,4 4,9 - 4,8 612 gh 895. 23.5 46.2 77. 03, ,47 ai 12 1 3 28 208 1.6 Mi .39 1 ch el in Hu il iT yr eC o. ,L td . Sh 49. 568, -8,4 …… 740. -9, 1,038,800.00 -47 559 an 00% 356. 31.2 23 171 8,8 ,92 gh 37 6 .49 74. 5.1 ai 89 1 St ee lW ir eF ac to ry Pu do ng Dr aw be nc hM ou ld Co ., Lt d. Sh 22. …… 10,989,306.82 -10 an 47% ,98 gh 9,3 ai 06. Sh 82 en ma Cu tt ai nC lo th Co ., Lt d. ( No te 1 ) Sh 40. 15,7 --- --- --- --- -- 39,191.22 -23 15, an 00% 46.6 - ,44 746 gh 4 4.5 .64 ai 8 St ee lW ir eF ac to ry In du st ri al an dT ra di ng Co ., Lt d( No te 2) Sh 30. 7,26 -601 -601 7,000,000.00 -34 6,6 an 43% 0,72 ,236 ,236 0,5 59, gh 0.38 .52 .52 16. 483 ai 14 .86 Bu sJ ia od aT en ni sC lu bC o. ,L td . 上 (N ot e3 ) Sh 35. 61,0 887, 887, 61,000,000.00 887 61, an 06% 00,0 032. 032. ,03 887 gh 00.0 74 74 2.7 ,03 ai 0 4 2.7 Do 4 ub le Co in Ty re Ma rk et in gC o. ,L td . ( No te 3 ) Su --- 281, -30, -30, -47 451,657,858.04 -20 250 b- 430, 588, 114, 4,1 0,8 ,84 to 408. 382. 233. 48. 15, 2,0 ta 06 37 60 77 832 25. l .35 69 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Note1:The net asset of the investee is negative; therefore, valuation of long-term investment is zero. Note 2: Full provision for diminution in value has been made Note 3: Additional capital injection Note 4: New investment D Among which equity investment differences are: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ NameofInveste OriginalA Causes Amorti Opening Amort EndingB e mount zation Balance ized alance period ShangahiMiche 9,299,545 SharePu 10year 4,882,2 464,9 4,417,2 linHuiliTyreC .57 rchase 61.41 77.28 84.13 o.,Ltd. ShanghaiSteel 183,429.8 Annexat 10year 55,028. 9,171 45,857. WireFactoryPu 4 ion s 98 .49 49 dongDrawbench MouldCo.,Ltd. ShanghaiSoaps 25,268,98 SharePu 10year 14,950, 1,263 13,687, (Group)Co.,Lt 5.30 rchase s 816.30 ,449. 367.04 d 26 Sub-total 34,751,96 --- --- 19,888, 1,737 18,150, 0.71 106.69 ,598. 508.66 03 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 2. Provision for losses of long-term investment ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ NameofInvestee OpeningBala Increas Decrease EndingBala nce e nce Investmentinshares 659,520.55 659,520.55 Shenyin&WanguoSecurit 5,000,000.0 …… 5,000,000. iesCo.,Ltd. 0 00 ShanghaiSteelWireTech 31,905.29 --- --- 31,905.29 nologyDevelopmentCo., Ltd LiaoningShanghaiTyre& 500,000.00 --- --- 500,000.00 RubberJoint-VentureCo .,Ltd. ShanghaiChangyinIndus 1,000,000.0 --- --- 1,000,000. trialTradingCo.,Ltd. 0 00 FarEastEconomicIndust 30,000.00 --- --- 30,000.00 ryCo.,Ltd. ShanghaiCultureIndust 1,500,000.0 --- --- 1,500,000. ryCo.,Ltd. 0 00 ShanghaiSteelWireTrad 15,746.64 --- --- 15,746.64 ingCo.,Ltd XiamenHuiliIndustrial 2,246,557.6 --- --- 2,246,557. andTradingCo.,Ltd. 7 67 HainanHuiliIndustrial 460,707.19 --- --- 460,707.19 andTradingCo.,Ltd. AmericaShanghaiT.R.Co 1,038,868.1 --- 16,961.38 1,021,906. .,Ltd 2 74 Sub-total 12,483,305. 16,961.38 12,466,344 46 .08 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 7.4 Revenue and costs from principal operations ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Catego Revenuefromprincipaloperation Costofprincipaloperations ry s CurrentPeriod PreviousPerio CurrentPeriod PreviousPeri d od Indust 2,236,278,733. 1,667,310,082 2,077,420,193 1,443,121,16 ry 86 .80 .75 5.49 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Revenue from principal operations has increased 568,968,651.06 by 34.12% as compared with previous period. Main reason of this increase is due to that whole-steel tyre project of the parent company has been put into use. 7.5 Sales and administrative expenses ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Category CurrentPerio PreviousPer Increased/Decr d iod eased Salesandadministrativee 63,351,388.4 38,457,158. 24,894,229.88 xpenses 1 53 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Sales and administrative expenses have increased 24,894,229.88 as compared with previous period. Main reasons of this decrease are: A wholly owned subsidiary of the Company has made profit of 11,026,400.00 in the current period, the remaining profit has been offset previous bad debts provision by the parent company. While in the same period of last year, the same reason for offsetting administrative expenses is 38,732,500.00,the difference is 27,706,100.00. It’s the main reason for the increase of administrative expenses in current period. 7.6 Investment income Current Period ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 类别 Incomef Income Incomer Amortiz Profitf Provi Total rominve recogn ecogniz ationon romdisp sion stmenti izedfr edfrome equityi osalofs nshares omequi quityin nvestme hares tyinve vestmen ntdiffe stment tundere rence underc quityme ostmet thod hod Long-t 43,935, 258582 -35,680 -1,737, 9,953,8 16,96 19,073, ermequ 083.65 7.79 ,593.99 598.03 82.97 1.38 563.77 ityinv estmen t ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 2、Previous Period ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Catego Incomef Incomer Incomer Amortiz Profit Provi Total ry rominve ecogniz ecogniz ationon fromdi sion stmenti edfrome edfrome equityi sposal nshares quityin quityin nvestme ofshar vestmen vestmen ntdiffe es tunderc tundere rence ostmeth quityme od thod Long-t 1,080,0 -38,252 -4,357 -41,529 ermequ 00.00 ,327.16 ,586.8 ,913.96 ityinv 0 estmen t ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Income of equity investment recognized under equity method has inreased 3,968.06% by RMB 42,855,083.65. Main reason of this decrease is due to the net income of the disposal of 9 million legal person shares of Pudong Bank 3. Activities accounting for over 10%(including 10%) of the total Investment income: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ActivityIncome Amount Equityinvestmentincomerecognizedundereq -33,094,766.20 uitymethod Incomefromthedisposaloflegalpersonshare 43,935,083.65 sandincomeofdividend Netincomefromdisposalofshares 9,953,882.97 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Note: Details of investment income recognized under equity method please see 7.31/1/(2)/B & C Related parties and related party transactions: The related parties controlling the Company The related parties controlling the Company (1) The related parties controlling the Company ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Name Registere Principl Relation Econom Legalperson daddress eoperati icStru on cture ShanghaiHu No.560,Rd Investme DirectContr State- ZhangPeiZhan aYi(Group) .XuJiaHui nt&Manag ollingParty ownede g Company ement nterpr ise ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ (2) The related parties controlled by the Company: Details please see note 4 2. The register capital, paid-in capital and the change of the related parties that have controlling relationships. (Unit: Yuan) ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ CompanyName OpeningBalan Increas Decreas EndingBala ce e e nce ShanghaiHuaYi(Group)Co 3,281,080,00 --- --- 3,281,080, mpany 0.00 000.00 ShanghaiSoaps(Group)Co 160,690,000. --- --- 160,690,00 .,Ltd 00 0.00 ShanghaiTyre&RubberRes 30,000,000.0 --- --- 30,000,000 earchInstitute 0 .00 ShanghaiTyre&RubberRug 87,500,000.0 --- 87,500, --- aoInvestmentCo.,Ltd 0 000.00 ShanghaiTyre&RubberRug USD34,705,81 USD1,56 USD36,270, aoCo.,Ltd 9.00 4,181.0 000.00 0 ShanghaiTyre&RubberCo. 21,000,000.0 --- --- 21,000,000 ,Ltd.SupplyandMarketin 0 .00 gCo.,Ltd. ShanghaiDafuRubberCo., 36,670,000.0 --- --- 36,670,000 Ltd. 0 .00 ShanghaiXinyeIndustryC 145,580,000. --- --- 145,580,00 o.,Ltd. 00 0.00 ShanghaiTyre&RubberCo. 28,510,000.0 --- --- 28,510,000 ,Ltd.SijingRubberFacto 0 .00 ry ShanghaiTyre&RubberCo. 14,680,000.0 --- --- 14,680,000 ,Ltd.DonghaiRubberFact 0 .00 ory ShanghaiDoubleCoinBiyu 10,000,000.0 --- 10,000,000 anRealEstateCo.,Ltd. 0 .00 HaikouFuhuaTyreMarketi 2,000,000.00 --- --- 2,000,000. ngCo.,Ltd. 00 ShanghaiTyre&RubberMou 18,000,000.0 --- --- 18,000,000 ldMachineryCo.,Ltd 0 .00 ShanghaiTyre&RubberJoi 5,070,000.00 --- --- 5,070,000. nt-VentureCo.,Ltd. 00 ShanghaiRubberIndustry 8,500,000.00 --- --- 8,500,000. SupplyandMarketingCo., 00 Ltd. XiamenHuiliIndustriala 1,600,000.00 --- --- 1,600,000. ndTradingCo.,Ltd. 00 HainanHuiliIndustriala 900,000.00 --- --- 900,000.00 ndTradingCo.,Ltd. AmericaShanghaiT.R.Co. USD200,000.0 --- --- USD200,000 ,Ltd. 0 .00 ShanglunLabourServiceC 100,000.00 --- 100,000.00 o.,Ltd. ShanghaiTyre&RubberCo. 20,000,000.0 --- --- 20,000,000 ,Ltd.RealEstateDevelop 0 .00 mentCo.,Ltd. ShanghaiTianfuProperty USD11,400,00 --- --- USD11,400, DevelopmentCo.,Ltd. 0.00 000.00 ShangahiAihuaTestingEq 30,000.00 --- --- 30,000.00 uipmentServicing ShenzhengShanglunTradi 1,100,000.00 --- --- 1,100,000. ngCo.,Ltd. 00 ShanghaiShanglianChemi 3,810,000.00 --- --- 3,810,000. calsIndustryCo.,Ltd. 00 ShanghaiZhengliRubberI 1,004,000.00 --- --- 1,004,000. ndustrialandTradingCo. 00 ,Ltd. ShanghaiCalciumCarbona 1,082,000.00 --- --- 1,082,000. teFactory 00 ShanghaiZonglianRubber 1,060,000.00 --- --- 1,060,000. Co.,Ltd. 00 ShanghaiZhenghuaIndust 1,000,000.00 --- --- 1,000,000. rialandTradingCo.,Ltd. 00 ShanghaiXinyeAdvertisi 500,000.00 --- --- 500,000.00 ngCo.,Ltd ShanghaiXinmingRubberF 1,500,000.00 --- --- 1,500,000. actory 00 ShanghaiBaolunIndustry 500,000.00 --- --- 500,000.00 Co.,Ltd. ShanghaiDunxinTradingC 1,800,000.00 --- --- 1,800,000. o.,Ltd. 00 ShanghaiTaihuaLeasingC 3,500,000.00 --- --- 3,500,000. o.,Ltd. 00 ShanghaiHailunTradingC 1,700,000.00 --- --- 1,700,000. o.,Ltd. 00 ShanghaiHuiliHotel 4,000,000.00 --- --- 4,000,000. 00 ShanghaiShuangliProper 500,000.00 --- --- 500,000.00 tyManagementCo.,Ltd. ShanghaiLongtaiFineRub 11,250,000.0 --- --- 11,250,000 berCo.,Ltd. 0 .00 ShanghaiFupuRubberCo., 3,000,000.00 --- --- 3,000,000. Ltd 00 ShanghaiTyre&RubberCo. 500,000.00 --- --- 500,000.00 ,Ltd.PropertyExchangeD epartment TiankaiComputerSystemC 1,000,000.00 --- --- 1,000,000. o.,Ltd. 00 ShanghaiWhiteElephantS 35,000,000.0 --- --- 35,000,000 wanBatteryCo.,Ltd. 0 .00 ShanghaiSoaps(Group)Su 10,000,000.0 --- --- 10,000,000 pplyandMarketingCo.,Lt 0 .00 d. ShanghaiSoapFactory 94,360,000.0 --- --- 94,360,000 0 .00 ShanghaiPrintingInkFac 17,282,000.0 --- --- 17,282,000 tory 0 .00 ShanghaiLingxuAxungeSt USD700,000.0 --- --- USD700,000 orage&RefineryCo.,Ltd. 0 .00 ShanghaiPeonyPrintingI 85,000,000.0 --- --- 85,000,000 nkCo.,Ltd. 0 .00 ShanghaiKellerChemical USD3,000,000 --- --- USD3,000,0 sCo.,Ltd. .00 00.00 SichuanKellerJoint-Ven 2,000,000.00 --- --- 2,000,000. tureCo.,Ltd. 00 ShanghaiSoaps(Mianyang 4,000,000.00 --- --- 4,000,000. )Co.,Ltd. 00 ShanghaiSoaps(Group)Co USD41,950,00 --- --- USD41,950, .,Ltd. 0.00 000.00 ShanghaiXinxingTrading 600,000.00 --- --- 600,000.00 Co.,Ltd. Moltechpowersystemsinc USD10,000.00 --- --- USD10,000. . 00 MoltechPowerSystem(Sha USD18,505,00 USD18,505, nghai)Co.,Ltd.(Note1) 0.00 000.00 MoltechPowerSystem(Rug USD9,300,000 --- --- USD9,300,0 ao)Co.,Ltd.(Note2) .00 00.00 MoltechHoldingsCorpora USD50,000.00 --- --- USD50,000. tion 00 MoltechPowerSystemsEur USD233,000.0 --- --- USD233,000 opeanOperations 0 .00 ShanghaiPudongSidaGard 15,925,000.0 16,575, 32,500,000 enNote4 0 000.00 .00 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Note 1: The registered capital is USD 25,000,000.00 and paid-in capital is USD 18,505,000.00. Note 2: The registered capital is USD 12,000,000.00 and paid-in capital is USD 9,300,000.00. Note 3:Disposal shares in current period. Note 4:New investment 2. Shares held by the related parties that controlling or controlled by the Company and its change (Unit: Yuan) ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ CompanyName OpeningBalance Incre Decre EndingBalance ase ase Amount % Amoun Amoun Amount % t t ShanghaiHuaYi(Gr 605,857,46 68. --- 16,01 589,841,461 66.3 oup)Company 1.00 11 6,000 .00 1 .00 ShanghaiSoaps(Gr 96,414,000 60. --- --- 96,414,000. 60.0 oup)Co.,Ltd .00 00 00 0 ShanghaiTyre&Rub 30,000,000 100 --- --- 30,000,000. 100. berResearchInsti .00 .00 00 00 tute ShanghaiTyre&Rub 71,600,000 81. --- 71,60 berRugaoInvestme .00 83 0,000 ntCo.,Ltd .00-- - ShanghaiTyre&Rub USD27,202, 75. USD1, USD36,270,0 51.6 berRugaoCo.,Ltd 500.00 00 564,1 00.00 7 81.00 ShanghaiTyre&Rub 21,000,000 100 --- --- 21,000,000. 100. berCo.,Ltd.Suppl .00 .00 00 00 yandMarketingCo. ,Ltd ShanghaiDafuRubb 36,670,000 100 --- --- 36,670,000. 100. erCo.,Ltd. .00 .00 00 00 ShanghaiXinyeInd 145,580,00 100 --- --- 145,580,000 100. ustryCo.,Ltd. 0.00 .00 .00 00 ShanghaiTyre&Rub 22,736,725 79. --- 22,736,725. 79.7 berCo.,Ltd.Sijin .00 75 00 5 gRubberFactory .ShanghaiTyre&Ru 9,542,000. 65. --- --- 9,542,000.0 65.0 bberCo.,Ltd.Dong 00 00 0 0 haiRubberFactory ShanghaiDoubleCo 9,000,000. 90. --- --- 9,000,000.0 90.0 inBiyuanRealEsta 00 00 0 0 teCo.,Ltd HaikouFuhuaTyreM 1,800,000. 90. --- --- 1,800,000.0 90.0 arketingCo.,Ltd. 00 00 0 0 ShanghaiTyre&Rub 9,180,000. 51. --- --- 9,180,000.0 51.0 berMouldMachiner 00 00 0 0 yCo.,Ltd ShanghaiTyre&Rub 3,869,914. 69. --- --- 3,869,914.0 69.6 berJoint-Venture 00 62 0 2 Co.,Ltd. ShanghaiRubberIn 8,000,000. 94. --- --- 8,000,000.0 94.1 dustrySupplyandM 00 12 0 2 arketingCo.,Ltd. XiamenHuiliIndus 1,600,000. 100 --- --- 1,600,000.0 100. trialandTradingC 00 .00 0 00 o.,Ltd. HainanHuiliIndus 900,000.00 100 --- --- 900,000.00 100. trialandTradingC .00 00 o.,Ltd. AmericaShanghaiT USD140,000 70. --- --- USD140,000. 70.0 .R.Co.,Ltd. .00 00 00 0 ShanglunLabourSe 80,000.00 80. --- 80,000.00 80.0 rviceCo.,Ltd. 00 0 ShanghaiTyre&Rub 20,000,000 100 --- --- 20,000,000. 100. berCo.,Ltd.RealE .00 .00 00 00 stateDevelopment Co.,Ltd. ShanghaiTianfuPr USD6,840,0 60. --- --- USD6,840,00 60.0 opertyDevelopmen 00.00 00 0.00 0 tCo.,Ltd. ShanghaiAihuaTes 30,000.00 100 --- --- 30,000.00 100. tingEquipmentSer .00 00 vicing ShenzhengShanglu 1,100,000. 100 --- --- 1,100,000.0 100. nTradingCo.,Ltd. 00 .00 0 00 ShanghaiShanglia 3,810,000. 100 --- --- 3,810,000.0 100. nChemicalsIndust 00 .00 0 00 ryCo.,Ltd. ShanghaiZhengliR 1,004,000. 100 --- --- 1,004,000.0 100. ubberIndustriala 00 .00 0 00 ndTradingCo.,Ltd . ShanghaiCalciumC 1,082,000. 100 --- --- 1,082,000.0 100. arbonateFactory 00 .00 0 00 ShanghaiZonglian 1,060,000. 100 --- --- 1,060,000.0 100. RubberCo.,Ltd. 00 .00 0 00 ShanghaiZhenghua 1,000,000. 100 --- --- 1,000,000.0 100. IndustrialandTra 00 .00 0 00 dingCo.,Ltd. ShanghaiXinyeAdv 500,000.00 100 --- --- 500,000.00 100. ertisingCo.,Ltd .00 00 ShanghaiXinmingR 1,420,050. 94. --- --- 1,420,050.0 94.6 ubberFactory 00 67 0 7 ShanghaiBaolunIn 400,000.00 80. --- --- 400,000.00 80.0 dustryCo.,Ltd. 00 0 ShanghaiDunxinTr 1,499,940. 83. --- --- 1,499,940.0 83.3 adingCo.,Ltd. 00 33 0 3 ShanghaiTaihuaLe 3,150,000. 90. --- --- 3,150,000.0 90.0 asingCo.,Ltd. 00 00 0 0 ShanghaiHualunTr 1,500,080. 88. --- --- 1,500,080.0 88.2 adingCo.,Ltd. 00 24 0 4 ShanghaiHuiliHot 3,200,000. 80. --- --- 3,200,000.0 80.0 el 00 00 0 0 ShanghaiShuangli 450,000.00 90. --- --- 450,000.00 90.0 PropertyManageme 00 0 ntCo.,Ltd. ShanghaiLongtaiF 6,000,000. 53. --- --- 6,000,000.0 53.3 ineRubberCo.,Ltd 00 33 0 3 . ShanghaiFupuRubb 2,400,000. 80. --- 2,400,000.0 80.0 erCo.,Ltd 00 00 0 0 ShanghaiTyre&Rub 500,000.00 100 --- --- 500,000.00 100. berCo.,Ltd.Prope .00 00 rtyExchangeDepar tment TiankaiComputerS 800,000.00 80. --- --- 800,000.00 80.0 ystemCo.,Ltd. 00 0 ShanghaiWhiteEle 35,000,000 100 --- --- 35,000,000. 100. phantSwanBattery .00 .00 00 00 Co.,Ltd. ShanghaiSoaps(Gr 10,000,000 100 --- --- 10,000,000. 100. oup)SupplyandMar .00 .00 00 00 ketingCo.,Ltd. ShanghaiSoapFact 94,360,000 100 --- --- 94,360,000. 100. ory .00 .00 00 00 ShanghaiPrinting 17,282,000 100 --- --- 17,282,000. 100. InkFactory .00 .00 00 00 ShanghaiLingxuAx USD456,890 65. --- --- USD456,890. 65.2 ungeStorage&Refi .00 27 00 7 neryCo.,Ltd. ShanghaiPeonyPri 85,000,000 100 --- --- 85,000,000. 100. ntingInkCo.,Ltd. .00 .00 00 00 MoltechHoldingsC USD35,000. 70. --- --- USD35,000.0 70.0 orporation 00 00 0 0 ShanghaiKellerCh USD1,800,0 60. --- --- USD1,800,00 60.0 emicalsCo.,Ltd 00.00 00 0.00 0 SichuanKellerJoi 1,020,000. 51. --- --- 1,020,000.0 51.0 nt-VentureCo.,Lt 00 00 0 0 d. ShanghaiSoaps(Mi 2,200,000. 55. --- --- 2,200,000.0 55.0 anyang)Co.,Ltd. 00 00 0 0 ShanghaiSoaps(Gr USD31,462, 75. --- --- USD31,462,5 75.0 oup)Co.,Ltd. 500.00 00 00.00 0 Moltechpowersyst USD18,505, 100 USD18,505,0 100. ems(Shanghai)Co. 000.00 .00 00.00 00 ,Ltd.. ShanghaiXinxingT 600,000.00 100 --- --- 600,000.00 100. radingCo.,Ltd. .00 00 MoltechPowerSyst USD9,300,0 100 --- --- USD9,300,00 100. em(Rugao)Co.,Ltd 00.00 .00 0.00 00 .(Note2) Moltechpowersyst USD10,000. 100 --- --- USD10,000.0 100. emsinc 00 .00 0 00 MoltechPowerSyst USD233,000 100 --- --- USD233,000. 100. emsEuropeanOpera .00 .00 00 00 tions ShanghaiPudongSi 15,925,000 49. 16,57 32,500,000. 100. daGarden(Note2) .00 00 5,000 00 00 .00 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Note 1:Disposal in current period Note 2:New investment 8.2 The related parties without controlling relation: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ CompanyName Relationships ShanghaiRubberAuxiliaryReagentFactory Fellowsubsidiary ShanghaiCarbonizationCo.,Ltd Fellowsubsidiary ShanghaiZhengxingRealEstateCo.,Ltd. JointVenture ShanghaiShenmaCurtainClothCo.,Ltd. JointVenture ShanghaiSenmaoIndustryCo.,Ltd. JointVenture ChinaManufacturersAlliamcc,LLC JointVenture ShanghaiMichelinHuiliTyreCo.,Ltd. JointVenture ShanghaiHulunTyre&RubberCo.,Ltd. JointVenture ShanghaiSoaps(Group)RugaoCo.,Ltd. JointVenture ShanghaiDunhuangContainerManufacture JointVenture ShanghaiFengpingCo.,Ltd.HualiPainting JointVenture MaterialsFactory ShanghaiDunxinTradingCo.,Ltd JointVenture ShanghaiCalciumCarbonateFactory JointVenture ShanghaikexinChemicalCo.,Ltd JointVenture ShanghaiShengshengTyreMouldCo.,Ltd JointVenture TailandHuataiRubberCo.,Ltd JointVenture ShanghaiSoapsFactoryHainanUnitedSub-F JointVenture actory ShanghaiNo.1RubberMachineryFactory JointVenture ShanghaiDoubleCoinTyreMarketingCo.,Lt JointVenture d. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 8.3 Related transactions The related transactions between the consolidated subsidiaries with controlling relations have been offset. Purchase goods from related parties (1) Transaction details: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ CompanyName CurrentPeriod PreviousPeriod ShanghaiCalciumCarbonateFactory 84,885.32 85,200.00 TailandHuataiRubberCo.,Ltd 1,390,618.67 36,981,573.75 ShanghaiMichelinHuiliTyreCo.,Ltd 482,126.90 ShanghaiCarbonizationCo.,Ltd 29,589,315.85 30,426,190.68 ShanghaiFengpingCo.,Ltd.HualiPai 1,202,633.40 8,274,762.99 ntingMaterialsFactory ShanghaiRubberAuxiliaryReagentFa 681,480.00 685,647.00 ctory ShanghaiSoap(Group)RugaoCo.,Ltd. 63,846,442.10 11,439,244.61 Total 97,277,502.24 87,892,619.03 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Purchase price of related transactions are based on the market price. Sales to related parties (1) Transaction details ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ CompanyName CurrentPeriod PreviousPeriod ChinaManufacturersAlliamcc,LLC USD56,093,173.7 USD34,319,024.01 3 ShanghaiMichelinHuiliTyreCo.,Lt 30,599,999.98 30,200,132.78 d. ShanghaiTyre&RubberJoint-Ventur 230,700.00 eCo.,Ltd. ShanghaiHulunTyre&RubberCo.,Ltd 2,663,412.14 1,756,297.45 . ShanghaiFengpingCo.,Ltd.HualiPa 1,000,000.00 6,223,805.30 intingMaterialsFactory ShanghaiDoubleCoinMarketingCo., 1,546,562,670.6 Ltd. 6 ShanghaiSoap(Group)RugaoCo.,Ltd 12,957,474.47 --- . Sub-totalUSD USD56,093,173.7 USD34,319,024.01 3 Sub-totalRMB 1,594,014,257.2 38,180,235.38 5 Total 1,942,867,744.0 322,221,637.60 1 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Prices of related transactions are based on relative market prices. Current account with related parties: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Item EndingBalanceo EndingBalanceo fCurrentPeriod fPreviousPerio d AccountReceivable ShanghaiSoapsFactoryHainanUnitedSu 572,351.94 572,351.94 b-Factory ChinaNorthAmericanTyreSalesCo.,Ltd 348,853,486.76 282,824,366.06 ShanghaiSoaps(Mianyang)Co.,Ltd. --- 264,624.00 ShanghaiZhengliRubberIndustrialand 1,403,628.66 1,403,628.66 TradingCo.,Ltd. ShanghaiZhenghuaIndustrialandTradi 306,022.91 306,022.91 ngCo.,Ltd. ShanghaiHualunTradingCo.,Ltd. 3,318,657.07 HainanHuiliIndustrialandTradingCo. 1,603,185.50 2,434,929.66 ,Ltd. ShanghaiDunxinTradingCo.,Ltd 524,818.45 ShanghaiFupuRubberCo.,Ltd 347,410.58 347,410.58 ShanghaiSoaps(Group)RugaoCo.,Ltd 12,957,474.47 40,595,851.73 XiamenHuiliIndustrialandTradingCo. 319,105.60 ,Ltd. Sub-total 366,043,560.82 332,911,766.66 Otherreceivables: HainanHuiliIndustrialandTradingCo. 100,946.83 100,946.83 ,Ltd. ShanghaiBaolunIndustryCo.,Ltd. 142,925.82 142,925.82 ShanghaiFengpingCo.,Ltd.HualiPaint 1,000,000.00 1,000,000.00 ingMaterialsFactory ShanghaiHulunTyre&RubberCo.,Ltd. ShanghaiHualunTradingCo.,Ltd. ShanghaiHuiliHotel 2,457,370.76 2,453,795.19 ShanghaiKellerArtCarvingCo.,Ltd --- 921,252.10 ShanghaiLongtaiFineRubberCo.,Ltd 49,004,727.62 49,699,806.60 ShanghaiTyre&RubberMachineryMouldC 19,891,738.72 17,519,908.72 o.,Ltd. ShanghaiSenmaoIndustryCo.,Ltd. 408,061.47 411,696.45 ShanghaiShanglianChemicalsIndustry 1,311,253.70 1,311,253.70 Co.,Ltd. ShanghaiShenmaCurtainClothCo.,Ltd. 128,599.50 128,599.50 ShanghaiCalciumCarbonateFactory 1,692,321.49 1,772,320.49 ShanghaiRubberIndustrySupplyandMar 716,073.00 618,573.00 ketingCo.,Ltd. ShanghaiZhenghuaIndustrialandTradi 1,599,198.40 1,599,198.40 ngCo.,Ltd. ShanghaiZhengliRubberIndustrialand 72,827.41 72,827.41 TradingCo.,Ltd. ShanghaiZhengxingRealEstateCo.,Ltd 62,767,306.58 62,880,076.98 . ShanghaiSoaps(Group)RugaoCo.,Ltd. 2,760,789.43 12,229,674.09 ShanghaiSoaps(Mianyang)Co.,Ltd. 19,564.64 --- ShanghaiZonglianRubberIndustrialan 14,325,630.38 14,325,630.38 dTradingCo.,Ltd XiamenHuiliIndustrialandTradingCo. 3,688.30 3,688.30 ,Ltd. ShanghaiTyre&Rubber(Group)Property 13,723.38 ExchangeDpt. ShanghaiDunhuangContainerfactory 320,650.14 320,650.14 ShanghaiXinxingTradeCo.,Ltd. 92,170.00 Sub-total 158,723,674.19 167,618,717.48 Advancestosuppliers TailandHuataiRubberCo.,Ltd --- 13,444,436.71 Sub-total 13,444,436.71 Accountspayable ShanghaiTiankaiComputerSystemCo.,L 529,107.72 529,107.72 td. ShanghaiDunhuangContainerManufactu --- 1,123,387.00 re ShanghaiFupuRubberCo.,Ltd 8,690.29 8,690.29 ShanghaiFengpingCo.,Ltd.HualiPaint 1,202,633.40 --- ingMaterialsFactory ShanghaikexinChemicalCo.,Ltd --- 101,357.58 ShanghaiNo.1RubberMachineryFactory --- 235,796.30 ShanghaiSoaps(Mianyang)Co.,Ltd --- 353,328.00 ShanghaiSoaps(Group)RugaoCo.,Ltd. 27,429,769.83 572,507.87 ShanghaiCarbonizationCo.,Ltd 34,619,499.55 6,728,327.50 ShanghaiRubberAuxiliaryReagentFact 681,480.00 147,728.23 ory ShanghaiCalciumCarbonateFactory 99,315.83 55,099.73 ShanghaiAihuaTestingEquipmentServi 7,000.00 cing ShanghaiTyre&RubberMachineryMouldC 200,000.00 o.,Ltd. ShanghaiZhengxingRealEstateCo.,Ltd 664,829.39 . Sub-total 64,570,496.62 10,727,159.61 Otherpayables ShanghaiShuangliPropertyManagement 375,796.78 10,707,935.13 Co.,Ltd. XiamenHuiliIndustrialandTradingCo. 133,410.36 133,410.36 ,Ltd. ShenzhengShanglunTradingCo.,Ltd. 31,849.70 31,849.70 ShanghaiDunxinTradingCo.,Ltd. 1,545,253.61 --- ShanghaiXinmingRubberFactory 514,336.03 514,336.03 ShanghaiXinxingTradingCo.,Ltd. 751,502.14 --- ShanghaiHualunTradingCo.,Ltd. 1,068,276.61 25,000.00 HaikouFuhuaTyreMarketingCo.,Ltd. 3,241,429.78 3,241,429.78 ShanghaiZhengxingRealEstateCo.,Ltd --- 600,000.00 . ShanghaiDunhuangContainerManufactu --- 7,932.20 re ShanghaiHulunRubberCo.,Ltd. --- 5,000.00 ShanghaiTaihuaLeasingCo.,Ltd. --- 10,174,466.95 ShanghaiRubberCarbonizatonCo.,Ltd. 197,060.00 ShanghaiRubberIndustrySupplyandSal 25,050.00 esCo. ShanghaiSoaps(Group)RugaoCo.,Ltd. 10,000.00 Sub-total 7,661,855.01 25,673,470.15 Advancesfromcustomers ShanghaiHualunTradingCo.,Ltd. 973,726.39 973,726.39 ShanghaiHulunTyre&RubberCo.,Ltd. 6,972,763.51 10,128,533.51 Sub-total 7,946,489.90 11,102,259.90 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Other related transactions According to the agreement signed with Shanghai Michelin Huili Tyre Co., Ltd., the Company will offer trade mark use right, site leasing and provision of services to Michelin with payment of RMB 5,000,000.00 for trade mark use right, RMB24, 700,000.00 for services and RMB 900,000.00 for leasing respectively. 8.4 Guarantee for related parties Details please see note 9 9 Contingencies: 9.1 The ending lawsuit as of 30 June 2006 Shanghai Tyre and Rubber Supply and Marketing Co., Ltd. suited against Xinjiang Uygur Autonomous Region No 9 Transportation Company. The court judgement was issued on April 11, 2006. The deffendant should pay the Company RMB 6,562,780.00. The excution is still in process. Shanghai Tyre and Rubber Supply and Marketing Co., Ltd. suited against Humao Tyre Co., Ltd., Dianbai County Guangdong. The court judgement was issued on May 20, 2006. The deffendant should pay the Company RMB 1,095,148.49. The excution is still in process. Shanghai Tyre and Rubber Supply and Marketing Co., Ltd. suited against Nanning Double Coin Co., Ltd. The court judgement was issued. The deffendant should pay the Company RMB 2,456,668.03. The excution is still in process. Shanghai Tyre and Rubber Supply and Marketing Co., Ltd. suited against Qingdao Shangqin Rubber & Tyre Co., Ltd. The court judgement was issued on February 21, 2006. The deffendant should pay the Company RMB 4,929,616.45. The excution is still in process. 9.2 The pending lawsuit as of 30 June 2006: 1. On January.11, 2005, Shanghai Tyre and Rubber Co., Ltd. Supply and Marketing Co., Ltd commenced legal actions against Shangqiu Huili Tyre Sales Co., Ltd. for RMB 2,428,772.95. Due to the defendant was suspended from business, the Company cancelled the suit. Once the deffedant’s assets are confirmed, the Company will suit once again. 2. On January.26, 2005, Shanghai Tyre and Rubber Co., Ltd. Supply and Marketing Co., Ltd commenced legal actions against Yuyao Dongjiang Industry & Trade Co., Ltd. for RMB 4,404,106.49. Due to the defendant was suspended from business, the Company cancelled the suit. Once the deffedant’s assets are confirmed, the Company will suit once again. 9.3 As of 30 June 2006, the Company has provided following guarantees for related parties and other companies: As of 30 June 2005, guarantees for related parties and other companies: Unit: Yuan Currency: RMB ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ G Gu R S 10 G ar e S 4, S ,0 u an l h 00 h 00 a te a a 0, a ,0 r ed t n 00 n 00 a Am e g 0. g .0 n ou d h 00 h 0 t nt P a a o a i i r r D T t o y i n r e g e s h & a R i u T b y b r e e r C C o o . . , , L L t t d d . S 22 h ,0 a 00 n ,0 g 00 h .0 a 0 i S o a p ( G r o u p ) C o . , L t d S 27 h ,0 a 00 n ,0 g 00 h .0 a 0 i S o a p s C o . , L t d . S 1, h 80 a 0, n 00 g 0. h 00 a i S o a p s C o . S 7, h 20 a 0, n 00 g 0. h 00 a i S o a p s C o . S 50 h ,0 a 00 n ,0 g 00 h .0 a 0 i T y r e & R u b b e r R u g a o C o . , L t d S 42 h ,0 a 00 n ,0 g 00 h .0 a 0 i T y r e & R u b b e r R u g a o C o . , L t d S 40 h ,0 a 00 n ,0 g 00 h .0 a 0 i T y r e & R u b b e r R u g a o C o . , L t d S 10 h ,0 a 00 n ,0 g 00 h .0 a 0 i T y r e & R u b b e r R u g a o C o . , L t d S 12 h 0, a 00 n 0, g 00 h 0. a 00 i T y r e & R u b b e r R u g a o C o . , L t d h 50 a ,0 n 00 g ,0 h 00 a .0 i 0 T y r e & R u b b e r R u g a o C o . , L t d h 50 a ,0 n 00 g ,0 h 00 a .0 i 0 T y r e & R u b b e r R u g a o C o . , L t d h 20 a ,0 n 00 g ,0 h 00 a .0 i 0 T y r e & R u b b e r R u g a o C o . , L t d h 10 a ,0 n 00 g ,0 h 00 a .0 i 0 T y r e & R u b b e r R u g a o C o . , L t d h 40 a ,0 n 00 g ,0 h 00 a .0 i 0 T y r e & R u b b e r R u g a o C o . , L t d h 50 a ,0 n 00 g ,0 h 00 a .0 i 0 T y r e & R u b b e r R u g a o C o . , L t d S 30 h ,0 a 00 n ,0 g 00 h .0 a 0 i W h i t e E l e p h a n t S w a n B a t t e r y C o . , L t d . S 3, h 00 a 0, n 00 g 0. h 00 a i S o a p s C o . , L t d . S 4, h 00 a 0, n 00 g 0. h 00 a i S o a p s C o . , L t d . S 5, h 00 a 0, n 00 g 0. h 00 a i S o a p s C o . , L t d . M 5, o 00 l 0, t 00 e 0. c 00 h P o w e r S y s t e m ( S h a n g h a i ) C o . , L t d . M 5, o 00 l 0, t 00 e 0. c 00 h P o w e r S y s t e m ( S h a n g h a i ) C o . , L t d . M 5, o 00 l 0, t 00 e 0. c 00 h P o w e r S y s t e m ( S h a n g h a i ) C o . , L t d . M 5, o 00 l 0, t 00 e 0. c 00 h P o w e r S y s t e m ( S h a n g h a i ) C o . , L t d . M 4, o 80 l 0, t 00 e 0. c 00 h P o w e r S y s t e m ( S h a n g h a i ) C o . , L t d . S 7, h 50 a 0, n 00 g 0. h 00 a i L i n g x u A x u n g e S t o r a g e & R e f i n e r y C o . , L t d . S 6, h 00 a 0, n 00 g 0. h 00 a i W h i t e E l e p h a n t S w a n B a t t e r y C o . , L t d . S 4, h 00 a 0, n 00 g 0. h 00 a i W h i t e E l e p h a n t S w a n B a t t e r y C o . , L t d . S 10 h ,0 a 00 n ,0 g 00 h .0 a 0 i W h i t e E l e p h a n t S w a n B a t t e r y C o . , L t d . S 15 h ,0 a 00 n ,0 g 00 h .0 a 0 i W h i t e E l e p h a n t S w a n B a t t e r y C o . , L t d . S 20 h ,0 a 00 n ,0 g 00 h .0 a 0 i P e o n y I n k C o . , L t d . S 10 h ,0 a 00 n ,0 g 00 h .0 a 0 i P e o n y I n k C o . , L t d . S 10 h ,0 a 00 n ,0 g 00 h .0 a 0 i S o a p R u g a o C o . , L t d . S 10 h ,0 a 00 n ,0 g 00 h .0 a 0 i S o a p R u g a o C o . , L t d . S 20 h ,0 a 00 n ,0 g 00 h .0 a 0 i S o a p R u g a o C o . , L t d . R 73 M 3, B 30 s 0, u 00 b 0. - 00 t o t a l S 6, h 00 a 0, n 00 g 0. h 00 a i Y u a n y i n I m p o r t & E x p o r t C o . , L t d . R 6, M 00 B 0, s 00 u 0. b 00 - t o t a l R 73 M 9, B 30 G 0, r 00 a 0. n 00 d - t o t a l OtherCompani es(ExcludeCo ntrollingsub sidiaries) C Gu o ar n an t te r ed a Am c ou t nt D a t e 2 2, 0 70 0 0, 5 00 . 0. 0 00 9 . 2 4 2,700 ,000. 00 ControllingSub sidiaries Amountg 17,18 uarante 9,200 edincur .00 rentper iod Balance 627,5 ofamoun 81,00 twillgu 0.00 arantee Totalamountofg uarantees(incl udeControlling subsidiaries) Totalam 630,2 ount 81,00 0.00 TheProp 42.58 ertiono % fguaran teeover netasse t SpecialGuarant ees Garante eforcon trollin gshareh olderso rotherr elatedp artiesw hichthe Company holding nomoret han50%s hares Garante 24,20 edirect 1,000 lyorind .00 irectly forothe rswhose asset-l iabilit yratioo ver70% Whether No thegara nteedam ountove r50%oft heCompa ny’sne tasset Special 24,20 guarant 1,000 ee .00 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ In compliance with Shanghia Security Committee’s relevant regulations, the closing balance of garantees should include what its controlling subsidiaries provided to others. The considering amount should be the guarantees the subsidiary provided mutiplied the proportion of the subsidiary shares the holding company holds. So the detail information of the Company’s guarantees as followings: As of June 30, 2006, the Company provided guarantees amount to RMB 2,700,000.00(exclude guarantee for controlling subsidiaries);the closing balance of guarantee for its controlling subsidiaries is RMB627,581,000.00,the total amount the Company should guarantee is RMB630,281,000.00,occupied 42.58% of the Company’s net assets. As of June 30 2006, related parties offered guarantee for the Company: 1、Related parties offer garantee: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Garantor Guarantee Garantee Curren DueDate dAmount cy ShanghaiTy ShanghaiHu 22,000,0 RMB 2006.06.30-2 re&Rubber( ayi(Group) 00.00 006.12.30 Group)Co., Co.,Ltd. Ltd. ShanghaiTy ShanghaiHu 36,000,0 RMB 2006.06.21-2 re&Rubber( ayi(Group) 00.00 006.12.20 Group)Co., Co.,Ltd. Ltd. ShanghaiTy ShanghaiHu 42,000,0 RMB 2006.06.14-2 re&Rubber( ayi(Group) 00.00 006.12.13 Group)Co., Co.,Ltd. Ltd. ShanghaiTy ShanghaiHu 25,000,0 RMB 2006.05.29-2 re&Rubber( ayi(Group) 00.00 006.11.29 Group)Co., Co.,Ltd. Ltd. ShanghaiTy ShanghaiHu 40,000,0 RMB 2006.05.16-2 re&Rubber( ayi(Group) 00.00 006.11.15 Group)Co., Co.,Ltd. Ltd. ShanghaiTy ShanghaiHu 50,000,0 RMB 2006.04.25-2 re&Rubber( ayi(Group) 00.00 006.10.25 Group)Co., Co.,Ltd. Ltd. ShanghaiTy ShanghaiHu 35,000,0 RMB 2006.04.26-2 re&Rubber( ayi(Group) 00.00 006.10.26 Group)Co., Co.,Ltd. Ltd. ShanghaiTy ShanghaiHu 60,000,0 RMB 2006.03.23-2 re&Rubber( ayi(Group) 00.00 006.09.23 Group)Co., Co.,Ltd. Ltd. ShanghaiTy ShanghaiHu 3,500,00 RMB 2006.02.19-2 re&Rubber( ayi(Group) 0.00 006.08.19 Group)Co., Co.,Ltd. Ltd. ShanghaiTy ShanghaiHu 24,500,0 RMB 2006.02.21-2 re&Rubber( ayi(Group) 00.00 006.08.21 Group)Co., Co.,Ltd. Ltd. ShanghaiTy ShanghaiHu 11,123,0 RMB 2006.02.27-2 re&Rubber( ayi(Group) 00.00 006.08.27 Group)Co., Co.,Ltd. Ltd. ShanghaiTy ShanghaiHu 7,000,00 RMB 2006.06.29-2 re&Rubber( ayi(Group) 0.00 006.12.29 Group)Co., Co.,Ltd. Ltd. ShanghaiTy ShanghaiHu 60,000,0 RMB 2006-06.12-2 re&Rubber( ayi(Group) 00.00 007-06.11 Group)Co., Co.,Ltd. Ltd. ShanghaiTy ShanghaiHu 20,000,0 RMB 2006.03.09-2 re&Rubber( ayi(Group) 00.00 006.09.09 Group)Co., Co.,Ltd. Ltd. ShanghaiTy ShanghaiHu 21,000,0 RMB 2006.06.23-2 re&Rubber( ayi(Group) 00.00 006.12.23 Group)Co., Co.,Ltd. Ltd. ShanghaiTy ShanghaiHu 550,000, RMB 2005.06.03-2 re&Rubber( ayi(Group) 000.00 006.08.03 Group)Co., Co.,Ltd. Ltd. ShanghaiTy ShanghaiHu 20,850,0 RMB 2003.07.30-2 re&Rubber( ayi(Group) 00.00 006.07.30 Group)Co., Co.,Ltd. Ltd. ShanghaiTy ShanghaiHu 100,000, RMB 2004.03.30-2 re&Rubber( ayi(Group) 000.00 008.05.10 Group)Co., Co.,Ltd. Ltd. ShanghaiTy ShanghaiHu 50,000,0 RMB 2004.05.11-2 re&Rubber( ayi(Group) 00.00 008.05.10 Group)Co., Co.,Ltd. Ltd. ShanghaiTy ShanghaiHu 100,000, RMB 2004.03.26-2 re&Rubber( ayi(Group) 000.00 007.03.26 Group)Co., Co.,Ltd. Ltd. ShanghaiTy ShanghaiHu 20,700,0 RMB 2003.09.10-2 re&Rubber( ayi(Group) 00.00 006.09.10 Group)Co., Co.,Ltd. Ltd. ShanghaiTy ShanghaiHu 6,146,41 USD 2006.01.01-2 re&Rubber( ayi(Group) 7.30 006.12.31 Group)Co., Co.,Ltd. Ltd. ShanghaiTy ShanghaiHu 39,420,6 JPY 1999.04.01-2 re&Rubber( ayi(Group) 00.00 018.04.01 Group)Co., Co.,Ltd. Ltd. RMBSub-tot 1,298,67 al 3,000.00 USDSub-tot 6,146,41 oal 7.30 JPYSub-tot 39,420,600.0 al 0 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 10 Commitments 10.1 Economic guarantee for outside parties Details please see note 9.2 (2). 10.2 Mortgage and pledged assets: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Termso AmountOri AmountSt Star DueD BookVal Note fborro ginalcurr andardmo tDat ate ueofPle wings ency ney e dgedAss ets Short- 19,989,0 2006 2006 33,255, Inwarddocumentar termLo 00.00 -4-7 -8-1 797.74 ybill,pledged27b an 4 ankacceptancenot es Short- 10million 2006 2007 80,400, Mortgagewith80,4 termLo USD -3-2 -3-2 000.00 00,000deposit an 3 3 Long-t 185,000, 2005 2010 445,409 ForRugaoBuilding ermloa 000.00 -11- -10- ,600.00 andworkshop n 18 10 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 11 Significant Post- balance sheet event Per pledged contract with Belgium United Bank Shanghai Branch, the Company pledged 27 bank acceptance notes amounting to RMB 33,255,797.74 for a financial borrowing of USD 7,500,000.00 with a period from 26 December 2005 to 26 December 2006 or a date decided by the pledgor. As of the reporting date, the Company has borrowed RMB19,989,000.00 loan. Other significant events According to No. 4 Board meeting in 2002, the Company will exchange its accounts receivables for industrial land use right of No.447 Changyang Road, No. 397 East Longhua Road and 3 blocks of Zhangjiang. Until 30 June 2006 the Company hasn’t completed registration of industrial land use right of No. 97 East Longhua Road, therefore, these accounts receivables has been recognized as costs of land use right exchange. The Company entered a contract with Shanghai Yangpu District Land Development Crnter on December 7, 2005. In this contract, Yangpu Land Development Center would purchase the land use right of 447 Changyang Road with acreage 26,660 square meters. The agreed price is RMB 251,957,000, among which RMB179,955,000 is treated as the consideration of the land use right paid by the Company and the rest RMB 72,002,000 is treated as the compensation for the Company’s removal, redundant employees’ management. The Company will repurchase part of the land use right, which amount to 15,160 square meters. As of the reporting date, the closing balance of the considration is RMB102,330,000 the cost of the land use right is RMB 39,832,000 and the rest of the compensation is RMB32,817,000 . At the end of 2005, the Company deposit RMB 125,978,500 at Yangpu District Land Development Center to guarantee land clearance in time. In current period, the deposit has been received completely. In March 2006, Shanghai Double Coin Biyuan Real Estate Co., Ltd., the Company’s controlling subsidiary, signed a contract with Yangpu District Land Development Center. According to the contract, Biyuan Real Estate Co., Ltd. would obtain the land use right of 26 Block in Yangpu District with the payment of RMB 157,951,500. As of reporting date, Shanghai Double Coin Biyuan Real Estate Co., Ltd paid RMB157,951,500 to Yangpu District Land Development Center. The transfer of land use right will be completed recently. According to the 1st temporary board meeting in 2003, the Company exchanged its accounts receivables of 152,297,829.03 for the land use right owned by Shanghai Huayi (Group) Co., Ltd. The land was actually used by Double Coin Zaizhong Load Carry Tyre Co., Ltd and Dazhonghua Zhengtai Tyre Co., Ltd with acreage of 268,600 sqm and 69,685 sqm respectively. The appraised price of the land is 151,094,305.00 and exchanged as 152,297,829.03. The relative taxes and duties associated with this land exchange are covered by the Company. Until 30 June 2006, the Company hasn’t completed registration of industrial land use right; therefore, these accounts receivables of RMB 152,297,829.03 have been recognized as costs of land use right exchange. On March 21, 2006,Ministry of Finance and State Administration of Taxtion issued a notice jointly, in which the Comsumption Tax on BIAS tyres had been adjusted. The taxation rate on BIAS tyres is dercreased from previous 10% to 3%. The taxation rate on RADIAL tyre is still 0%. The adjustment is excuted from April 1, 2006. Due to this adjustment, the comsumption tax in current period will be effected by RMB14,843,800.00, it is estimated that the consumption tax in whole 2006 will be effected by RMB49,350,000.00 Non-operating profit/losses of current year: (“+” for profit, “-“ for losses) ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ITEM AMOUNT 1.Lossesorprofitfromdisposaloflong-termequityinv 46,039,235.79 estment;fixedassets;constructioninprocess,intang ibleassetsandotherlong-termassets 2.Variousformsofgovernmentsubsidy 995,000.00 3.Othernon-operatingincome/expenditureexcludingp 1,833,992.68 rovisionsfordiminutioninvalueforassetsasaccrueda ccordingtoaccountingregulationsforbusinessenterp rises. 4.Reversalofpreviousyearprovisionofdiminutioninv 210,867.48 alue 5.EffectsofEnterprisesIncomeTax -13,033,798.44 6.EffectsofMinorityInterests 1,020,328.73 TOTAL 37,065,626.24 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Cataloge of documents for further reference 1、Semi Year Report with Director’s signiture; 2、Financial Statements with signatures of legal person, chief accountantrespectively and with the Compnay’s chop.; 3、The original versionof the announcement issued in the specific press; 4、Copy of the Company’s regulations; 5、All the above documents are displayed in the Secretary Office of the Board. Shanghai Tyre & Rubber Co., Ltd. Director:Fan Xian August 4, 2006 SHANGHAI TYRE & RUBBER CO., LTD