上海锦江国际 实业投资股份有 限公司
6 006 50 90 09 14
2 0 1 2 年半年度报告
上海锦江国际实业投资股份有限公司 2012 年半年度报告
目录
一、 重要提示 ................................................................................................................................ 2
二、 公司基本情况 ........................................................................................................................ 2
三、 股本变动及股东情况............................................................................................................. 4
四、 董事、监事和高级管理人员情况......................................................................................... 5
五、 董事会报告 ............................................................................................................................ 5
六、 重要事项 ................................................................................................................................ 7
七、 财务会计报告（未经审计）............................................................................................... 11
八、 备查文件目录 ...................................................................................................................... 11
1
上海锦江国际实业投资股份有限公司 2012 年半年度报告
一、 重要提示
(一) 本公司董事会、监事会及其董事、监事、高级管理人员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、准确性和完整性承担个别及
连带责任。
(二) 公司全体董事出席董事会会议。
(三) 公司半年度财务报告未经审计。
(四)公司负责人董事长沈懋兴、首席执行官杨原平、主管会计工作负责人濮荣平及会计机构
负责人（会计主管人员）刘朝晖声明：保证本半年度报告中财务报告的真实、完整。
(五) 是否存在被控股股东及其关联方非经营性占用资金情况？ 否
(六) 是否存在违反规定决策程序对外提供担保的情况？ 否
二、 公司基本情况
(一) 公司信息
公司的法定中文名称 上海锦江国际实业投资股份有限公司
公司的法定中文名称缩写 锦江投资
公司的法定英文名称 Shanghai Jin Jiang International Industrial Investment Co., Ltd.
公司的法定英文名称缩写 JJTZ
公司法定代表人 沈懋兴
(二) 联系人和联系方式
董事会秘书 证券事务代表
姓名 濮荣平 黄跃冲
联系地址 上海市延安东路 100 号 28 楼 上海市延安东路 100 号 28 楼
电话 （021）63218800 （021）63218800
传真 （021）63213119 （021）63213119
电子信箱 dshms@jjtz.com dshms@jjtz.com
(三) 基本情况简介
注册地址 上海市浦东大道 1 号
注册地址的邮政编码 200120
办公地址 上海市延安东路 100 号 28 楼
办公地址的邮政编码 200002
公司国际互联网网址 www.jjtz.com
电子信箱 dshms@jjtz.com
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上海锦江国际实业投资股份有限公司 2012 年半年度报告
(四) 信息披露及备置地点
公司选定的信息披露报纸名称 《上海证券报》、香港《大公报》
登载半年度报告的中国证监会指定网站的网址 www.sse.com.cn
公司半年度报告备置地点 上海市延安东路 100 号 28 楼
(五) 公司股票简况
公司股票简况
股票种类 股票上市交易所 股票简称 股票代码 变更前股票简称
A股 上海证券交易所 锦江投资 600650 新锦江
B股 上海证券交易所 锦投 B 股 900914 新锦 B 股
(六) 公司其他基本情况
公司首次注册登记日期 1993 年 2 月 24 日
公司首次注册登记地点 上海市长乐路 161 号
企业法人营业执照注册号 310000400037314
税务登记号码 国(地)税沪字 310115607200690 号
组织机构代码 607200690
公司聘请的会计师事务所名称 德勤华永会计师事务所有限公司
公司聘请的会计师事务所办公地址 上海市延安东路 222 号外滩中心 30 楼
(七) 主要财务数据和指标
1、 主要会计数据和财务指标
单位:元 币种:人民币
本报告期末比上年
本报告期末 上年度期末
度期末增减(%)
总资产 3,158,817,572.61 3,052,156,229.03 3.49
所有者权益（或股东权益） 2,027,038,384.71 2,099,351,011.45 -3.44
归属于上市公司股东的每股净资产（元／
3.675 3.806 -3.44
股）
本报告期比上年同
报告期（1－6 月） 上年同期
期增减(%)
营业利润 117,882,985.94 179,769,862.11 -34.43
利润总额 134,785,626.52 200,477,701.56 -32.77
归属于上市公司股东的净利润 94,661,115.32 143,951,509.10 -34.24
归属于上市公司股东的扣除非经常性损
90,433,958.66 132,477,164.92 -31.74
益的净利润
基本每股收益(元) 0.172 0.261 -34.10
扣除非经常性损益后的基本每股收益(元) 0.164 0.240 -31.67
加权平均净资产收益率(%) 4.41 7.00 减少 2.59 个百分点
经营活动产生的现金流量净额 119,768,505.87 231,981,271.12 -48.37
每股经营活动产生的现金流量净额（元） 0.217 0.421 -48.46
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上海锦江国际实业投资股份有限公司 2012 年半年度报告
2、 非经常性损益项目和金额
单位：元 币种：人民币
非经常性损益项目 金额
非流动资产处置损益 459,286.91
计入当期损益的政府补助，但与公司正常经营业务密切相关，符合国家政策规定、
2,065,990.35
按照一定标准定额或定量持续享受的政府补助除外
除同公司正常经营业务相关的有效套期保值业务外，持有交易性金融资产、交易
性金融负债产生的公允价值变动损益，以及处置交易性金融资产、交易性金融负 1,693,264.99
债和可供出售金融资产取得的投资收益
除上述各项之外的其他营业外收入和支出 1,633,204.71
所得税影响额 -1,462,936.74
少数股东权益影响额（税后） -161,653.56
合计 4,227,156.66
三、 股本变动及股东情况
(一) 股份变动情况表
报告期内，公司股份总数及股本结构未发生变化。
(二) 股东和实际控制人情况
1、 股东数量和持股情况
单位：股
报告期末股东总数 62,780（B:28,530）户
前十名股东持股情况
持有有 质押或
持股
报告期 限售条 冻结的
股东名称 股东性质 比例 持股总数
内增减 件股份 股份数
(%)
数量 量
上海锦江国际酒店(集团)股份有
国有法人 38.54 212,586,460 0 无
限公司
上海国际信托有限公司 国有法人 0.71 3,934,212 -20,909 0 未知
上海锦江饭店有限公司 国有法人 0.68 3,761,493 0 未知
胡家英 境内自然人 0.66 3,641,310 0 未知
蔡欽峰 境外自然人 0.59 3,228,635 0 未知
中国银河证券股份有限公司客户
其他 0.36 2,000,831 0 未知
信用交易担保证券账户
上海和平饭店有限公司 国有法人 0.33 1,839,974 0 未知
上海锦江汽车服务有限公司（工会） 其他 0.29 1,600,000 0 未知
PACIFIC DRAGON FUND I LIMITED 其他 0.29 1,582,295 0 未知
上海海立(集团)股份有限公司 其他 0.27 1,500,000 0 未知
前十名无限售条件股东持股情况
持有无限售条件股份
股东名称 股份种类及数量
的数量
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上海锦江国际实业投资股份有限公司 2012 年半年度报告
上海锦江国际酒店(集团)股份有限公司 212,586,460 人民币普通股
上海国际信托有限公司 3,934,212 人民币普通股
上海锦江饭店有限公司 3,761,493 人民币普通股
胡家英 3,641,310 境内上市外资股
蔡欽峰 3,228,635 境内上市外资股
中国银河证券股份有限公司客户信用交易担保证券账户 2,000,831 人民币普通股
上海和平饭店有限公司 1,839,974 人民币普通股
上海锦江汽车服务有限公司（工会） 1,600,000 人民币普通股
PACIFIC DRAGON FUND I LIMITED 1,582,295 境内上市外资股
上海海立(集团)股份有限公司 1,500,000 人民币普通股
公司前 10 名股东中，第 1 位股东和第 3、7、8 位股东存在关联关系和一致行动关
上述股东关联
系。公司控股股东上海锦江国际酒店(集团)股份有限公司是上海锦江饭店有限公
关系或一致行
司、上海和平饭店有限公司的控股股东。上海锦江汽车服务有限公司（工会）是
动的说明
本公司的下属组织。其他股东，公司未知其是否存在关联关系和一致行动关系。
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情况
(一) 董事、监事和高级管理人员持股变动
报告期内公司董事、监事、高级管理人员持股未发生变化。
(二) 新聘或解聘公司董事、监事、高级管理人员的情况
2012 年 3 月 23 日，公司第六届董事会第二十一次会议通过决议，聘任濮荣平为公司董
事会秘书，任期与本届董事会任期一致。
于建敏不再兼任公司董事会秘书。
五、 董事会报告
(一) 报告期内整体经营情况的讨论与分析
报告期内，公司围绕全年工作目标，积极克服困难，推进转型发展，加大增收降本，坚
持稳中求进，保持经济平稳运行。
锦江汽车公司“锦江汽车服务中心”首期工程竣工营运，产业集聚效应初步显现，车辆
维修业务增加；抓住春运、清明、“五一”黄金周客流高峰和油轮市场商机，加大营销和市
场拓展；加强商务租赁包车效益测算，提高商务租赁包车价格，巩固扩大商务租赁包车市场；
根据劳动力成本持续上升情况，不断探索完善出租车经营管理模式，加强驾驶员队伍管理；
发挥电子商务网络优势，开展网上 24 小时订车业务，拓展网上汽车一条龙服务，运用信息
网络和 GPS 系统，提升管理效率和管理水平。
低温物流公司通过科学管理提高库房利用率，积极推动“常温库-变温库”技改项目建
设，加大外部租库联动，进一步扩大冷库市场占有率；积极谋求推进邮轮母港物流配送基地
建设。
锦海捷亚公司加强物流队伍建设，积极开拓物流业务，提高竞争力；不断开发直客业务、
特色业务和增值服务，提高市场占有率；该公司被上海市政府确定为上海市贸易便利化首批
重点联系企业。
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上海锦江国际实业投资股份有限公司 2012 年半年度报告
公司与水产集团战略合作项目取得进展，合资成立上海水锦洋食品有限公司，注册资本
2500 万元，其中，本公司出资 1000 万元，占合资公司股权比例 40%；结合上海“四个中心”
战略设想，围绕上海旅游发展规划和公司“十二五”战略目标，以转型发展为指导思想，积
极推进新经济增长点的研究、探索。
报告期内，公司实现营业收入 97,950 万元，同比上升 8.37%；营业利润 11,788 万元，
同比下降 34.43%；完成净利润 9,466 万元，同比下降 34.24%。
(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
营业收入 营业成
毛利
比上年同 本比上 毛利率比上年同期
分行业 营业收入 营业成本 率
期增减 年同期 增减(%)
(%)
(%) 增减(%)
车辆营运业务 537,955,832.13 401,268,581.50 25.41 -7.72 3.21 减少 7.90 个百分点
汽车销售业务 354,978,966.99 330,214,847.72 6.98 41.65 43.79 减少 1.39 个百分点
低温物流业务 58,912,842.97 34,011,348.62 42.27 24.63 39.33 减少 6.09 个百分点
其中：报告期内上市公司向控股股东及其子公司销售产品和提供劳务的关联交易总金额 137
万元。
注：1、汽车销售业务营业收入同比上升 41.65%，主要是今年新增了两家 4S 店；
2、低温物流业务营业收入、成本增加，毛利率下降，主要是扩大外租库容量所致。
2、 主营业务分地区情况
单位:元 币种:人民币
地区 营业收入 营业收入比上年增减(%)
上海 979,501,238.99 8.37
3、参股公司经营情况（适用投资收益占净利润 10％以上的情况）
单位:元 币种:人民币
参股公司贡献 占上市公司净
公司名称 经营范围 净利润
的投资收益 利润的比重(%)
上海浦东国际 为各航空公司、货代公司和货
机场货运站有 主提供进出港货物、邮件在浦 170,803,220.50 22,204,418.67 23.46
限公司 东国际机场货运站的处理服务
4、利润构成与上年度相比发生重大变化的原因分析
单位:元 币种:人民币
增减率
利润表项目 本期金额 上年同期金额 变化原因说明
（%）
主要是本期新增 2 家汽车销售公司
营业成本 772,944,672.89 647,928,299.57 19
而使汽车销售业务成本增加所致
营业税金及附加 5,336,467.18 21,685,622.56 -75 主要是公司税改（营改增)使税款的
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上海锦江国际实业投资股份有限公司 2012 年半年度报告
核算方式变化所致
主要是本期联营、合营企业的投资
投资收益 58,138,088.47 76,066,957.94 -24
收益减少所致
主要是本期因税改及劳动力成本上
营业利润 117,882,985.94 179,769,862.11 -34
升等因素所致
(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
单位:万元 币种:人民币
项目名称 项目金额 项目进度 项目收益情况
上海水锦洋食品有限公司 1,000 正在办理工商注册登记中
(四) 报告期内现金分红政策的制定及执行情况
《公司章程》第一百六十三条明确规定了公司的现金分红政策。根据中国证监会关于现
金分红政策的最新规定，公司目前正在对《公司章程》中的现金分红政策进行相应的修订。
报告期内，公司董事会、股东大会审议通过的 2011 年度利润分配方案，其现金分红标
准和比例、决策程序等，均符合《公司章程》的相关规定（详见本报告六(二)）。
六、重要事项
(一) 公司治理的情况
报告期内，公司严格按照《公司法》、《证券法》、中国证监会制定的法规和上市公司治
理规范性文件，以及上海证券交易所《股票上市规则》的要求，结合自身实际情况，不断完
善法人治理结构，规范公司运作。公司股东大会、董事会、监事会与经营层之间权责分明、
各司其职；公司加强投资者关系管理，为投资者提供电话、网络、邮件、来访接待等多方位
沟通渠道，接受投资者咨询，听取其意见和建议；公司规范信息披露工作，确保信息披露真
实、准确、完整、及时。
报告期内，公司按照证券监管部门新出台的法规和规范性文件要求，制订了《年报信息
披露重大差错责任追究制度》，修订了《内幕信息知情人和外部信息使用人管理制度》，进一
步完善公司治理制度。
报告期内，公司按照证券监管部门的要求，制定了《内部控制规范实施工作方案》，公
司内部控制规范体系建设工作，正按照该方案的时间节点顺利推进。7 月上旬，公司对半年
度内部控制规范实施工作开展情况进行检查，并形成专题报告报送上海证监局。公司将严格
按照有关文件要求，继续认真做好内部控制规范实施工作。
(二) 报告期实施的利润分配方案执行情况
经 2012 年 6 月 1 日公司 2011 年度股东大会批准，公司 2011 年度利润分配方案为：以
2011 年末公司总股本 551,610,107 股为基数，向全体股东每 10 股派发现金红利人民币 3.00
元(含税)。
2012 年 6 月 29 日，公司在《上海证券报》、香港《大公报》刊登利润分配实施公告。
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上海锦江国际实业投资股份有限公司 2012 年半年度报告
股权登记日：A 股 2012 年 7 月 5 日，B 股 7 月 10 日（最后交易日 7 月 5 日）；除息日：2012
年 7 月 6 日；红利发放日：2012 年 7 月 19 日。至本报告披露日，上述现金红利已派发完毕。
(三)重大诉讼仲裁事项
本报告期公司无重大诉讼、仲裁事项。
(四) 破产重整相关事项
本报告期公司无破产重整相关事项。
(五) 公司持有其他上市公司股权、参股金融企业股权情况
1、证券投资情况
占期末证
序 证券 证券代 最初投资成 持有数 期末账面价 报告期损
证券简称 券投资比
号 品种 码 本（元） 量（股） 值（元） 益（元）
例（％）
1 股票 601258 庞大集团 1,080,000.00 60,000 366,000.00 44 -3,000.00
2 股票 601558 华锐风电 270,000.00 12,000 84,120.00 10 -9,720.00
3 股票 002563 森马服饰 100,500.00 1,500 39,555.00 5 -17,355.00
4 股票 601012 隆基股份 42,000.00 3,600 31,644.00 4 -10,356.00
5 股票 601218 吉鑫科技 67,500.00 3,000 27,360.00 3 -5,880.00
6 股票 002650 加加食品 30,000.00 1,200 25,080.00 3 -4,920.00
7 股票 601616 广电电气 57,000.00 5,400 24,462.00 3 -9,378.00
8 股票 002539 新都化工 33,880.00 2,000 22,900.00 3 1,900.00
9 股票 601799 星宇股份 42,480.00 2,000 22,320.00 3 -1,940.00
10 股票 300306 远方光电 22,500.00 500 20,500.00 2 -2,000.00
期末持有的其他证券投资 277,690.00 / 166,093.50 20 -16,643.00
报告期已出售证券投资损益 / / / / 28,086.71
合计 2,023,550.00 / 830,034.50 100 -51,205.29
2、持有其他上市公司股权情况
单位：元
证券 占该公司股权 报告期所有者
证券简称 最初投资成本 期末账面价值 报告期损益
代码 比例（％） 权益变动
601328 交通银行 14,142,941.50 <1 51,359,680.70 509,072.45
600655 豫园商城 1,861,827.95 <1 15,340,090.56 -730,017.00
601727 上海电力 497,340.08 <1 5,444,640.00 -483,570.00
600642 申能股份 205,333.33 <1 760,650.00 2,475.00
600827 友谊股份 615,816.22 <1 3,238,946.49 -12,886.59
600643 爱建股份 113,203.04 <1 495,000.00 1,742,870.28 -729,140.89
600082 海泰发展 90,000.00 <1 393,317.12 73,088.51
合计 17,526,462.12 / 77,032,324.87 1,742,870.28 -1,370,978.52
注：以上股权会计科目均为可供出售金融资产，股份来源均为法人股认购。
8
上海锦江国际实业投资股份有限公司 2012 年半年度报告
3、 持有非上市金融企业股权情况
占该公司 报告期 报告期所有
最初投资成本 持有数量 期末账面价值
所持对象名称 股权比例 损益 者权益变动
（元） （股） （元）
（%） （元） （元）
国泰君安证券
62,912,955.76 61,782,364 1.014 62,912,955.76 0 0
股份有限公司
合计 62,912,955.76 61,782,364 / 62,912,955.76 0 0
注：1、会计核算科目为长期股权投资，股份来源为认购。
2、报告期内，公司收到国泰君安通报，该公司变更注册资本及变更持有 5%以上股权
股东事项已获相关部门批准，并完成工商变更登记。该公司新增注册资本 14 亿元，注册资
本变更为 61 亿元。至此，本公司增资国泰君安 1,413 万股股权亦已完成，本公司持有该公
司股份现变更为 6,178 万股。
(六) 报告期内公司收购及出售资产、吸收合并事项
本报告期公司无收购及出售资产、吸收合并事项。
(七) 重大关联交易
本报告期公司无重大关联交易事项。
(八) 重大合同及其履行情况
1、 为公司带来的利润达到公司本期利润总额 10％以上（含 10％）的托管、承包、租赁事
项
(1) 托管情况
本报告期公司无托管事项。
(2) 承包情况
本报告期公司无承包事项。
(3) 租赁情况
本报告期公司无租赁事项。
2、 担保情况
单位:万元 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）
担保方 担保是 是否 是否
与上市 担保 担保起 担保到 担保 否已经 存在 为关
担保方 被担保方
公司的 金额 始日 期日 类型 履行完 反担 联方
关系 毕 保 担保
上海永达风 2010 年 2012 年 连带
上海锦江汽车 控股子
度汽车销售 360 4 月 12 4 月 12 责任 是 否 否
服务有限公司 公司
有限公司 日 日 担保
上海锦江汽车 控股子 上海永达风 400 2010 年 2013 年 连带 是 否 否
9
上海锦江国际实业投资股份有限公司 2012 年半年度报告
服务有限公司 公司 度汽车销售 2月5日 2 月 6 责任
有限公司 日 担保
上海永达风 2011 年 2012 年 连带
上海锦江汽车 控股子
度汽车销售 800 3 月 29 3 月 28 责任 是 否 否
服务有限公司 公司
有限公司 日 日 担保
上海金茂锦 2011 年 2012 年 连带
上海锦江汽车 控股子
江汽车服务 1,000 2 月 24 2 月 24 责任 是 是 否
服务有限公司 公司
有限公司 日 日 担保
上海锦江商旅 控股子 上海南站长 2011 年 2012 年 连带
汽车服务股份 公司下 途客运有限 1,250 12 月 20 12 月 责任 是 否 否
有限公司 属公司 公司 日 19 日 担保
上海永达风 2012 年 2013 年 连带
上海锦江汽车 控股子
度汽车销售 800 5 月 24 5 月 23 责任 否 否 否
服务有限公司 公司
有限公司 日 日 担保
上海永达风 2012 年 2014 年 连带
上海锦江汽车 控股子
度汽车销售 800 4 月 16 12 月 责任 否 否 否
服务有限公司 公司
有限公司 日 19 日 担保
上海金茂锦 2012 年 2013 年 连带
上海锦江汽车 控股子
江汽车服务 500 2 月 24 2 月 24 责任 否 是 否
服务有限公司 公司
有限公司 日 日 担保
报告期内担保发生额合计（不包括对子公司的担保） 1,995
报告期末担保余额合计（A）（不包括对子公司的担保） 1,995
公司对控股子公司的担保情况
报告期内对子公司担保发生额合计 4,000
报告期末对子公司担保余额合计（B） 4,000
公司担保总额情况（包括对控股子公司的担保）
担保总额（A+B） 5,995
担保总额占公司净资产的比例(%) 2.96
其中：
为股东、实际控制人及其关联方提供担保的金额（C） 0
直接或间接为资产负债率超过 70％的被担保对象提供的债务担保
4,000
金额（D）
担保总额超过净资产 50％部分的金额（E） 0
上述三项担保金额合计（C+D+E） 4,000
3、 委托理财及委托贷款情况
(1) 委托理财情况
本报告期公司无委托理财事项。
(2) 委托贷款情况
本报告期公司无委托贷款事项。
4、其他重大合同
10
上海锦江国际实业投资股份有限公司 2012 年半年度报告
本报告期公司无其他重大合同。
(九) 承诺事项履行情况
本报告期或持续到报告期内，上市公司、控投股东及实际控制人没有承诺事项。
(十) 聘任、解聘会计师事务所情况
是否改聘会计师事务所： 否
(十一)上市公司及其董事、监事、高级管理人员、公司股东、实际控制人处罚及整改情况
本报告期公司及其董事、监事、高级管理人员、公司股东、实际控制人均未受中国证监
会的稽查、行政处罚、通报批评及证券交易所的公开谴责。
(十二) 其他重大事项的说明
本报告期公司无其他重大事项。
(十三) 信息披露索引
事项 刊载的报刊名称及版面 刊载日期
2011 年度年度报告及摘要 《上海证券报》B36、香港《大公报》B16 2012 年 3 月 27 日
第六届董事会第二十一次会议决议公告 《上海证券报》B36、香港《大公报》B16 2012 年 3 月 27 日
2012 年度预计日常关联交易公告 《上海证券报》B36、香港《大公报》B16 2012 年 3 月 27 日
第六届监事会第十二次会议决议公告 《上海证券报》B36、香港《大公报》B16 2012 年 3 月 27 日
2012 年第一季度报告 《上海证券报》B46、香港《大公报》B21 2012 年 4 月 27 日
第六届董事会第二十三次会议决议公告
《上海证券报》B47、香港《大公报》A21 2012 年 5 月 11 日
暨召开2011 年度股东大会的通知
第六届监事会第十四次会议决议公告 《上海证券报》B47、香港《大公报》A21 2012 年 5 月 11 日
2011 年度股东大会决议公告 《上海证券报》38、香港《大公报》B3 2012 年 6 月 2 日
第六届董事会第二十四次会议决议公告 《上海证券报》21、香港《大公报》B3 2012 年 6 月 16 日
2011 年度利润分配实施公告 《上海证券报》B44、香港《大公报》A48 2012 年 6 月 29 日
注：以上信息披露刊载的互联网网站及检索路径均为 http://www.sse.com.cn
七、财务会计报告（未经审计）
1、财务报表（附后）；
2、财务报表附注（附后）。
八、 备查文件目录
1、 载有法定代表人签名的半年度报告文本；
2、 载有公司负责人、主管会计工作的负责人、会计机构负责人签名并盖章的财务报告文本；
3、 报告期内在中国证监会指定报刊上公开披露过的所有文件的正本及公告的原稿。
董事长：沈懋兴
上海锦江国际实业投资股份有限公司
2012 年 8 月 23 日
11
上海锦江国际实业投资股份有限公司
2012 年上半年度财务报告
(未经审计)
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
公司及合并资产负债表
2012 年 6 月 30 日
合并资产负债表
人民币元
项目 附注 2012 年 6 月 30 日 年初余额 项目 附注 2012 年 6 月 30 日 年初余额
流动资产： 流动负债：
货币资金 (五)1 700,624,394.28 616,692,362.37 短期借款 (五)21 33,667,900.00 33,667,900.00
交易性金融资产 (五)2 830,034.50 848,726.50 应付票据 (五)22 17,319,000.00 29,276,600.00
应收票据 (五)3 - 1,000,000.00 应付账款 (五)23 60,128,021.25 77,275,257.44
应收账款 (五)4 60,308,352.66 38,774,262.61 预收款项 (五)24 90,150,284.89 99,300,410.58
其他应收款 (五)5 42,686,292.86 35,773,506.90 应付利息 (五)25 513,435.48 -
预付款项 (五)6 40,825,638.85 41,701,124.48 应付职工薪酬 (五)26 103,653,667.18 69,970,866.37
应收股利 (五)7 92,793,462.34 - 应交税费 (五)27 19,478,904.60 48,212,392.82
存货 (五)8 101,424,910.13 71,237,709.61 应付股利 (五)28 185,435,019.45 19,951,987.35
一年内到期的非流动资产 (五)9 4,230,667.23 4,230,667.23 其他应付款 (五)29 295,921,209.75 262,130,098.41
其他流动资产 (五)11 - 2,832,400.43 一年内到期的非流动负债 (五)30 1,028,092.49 2,077,846.62
流动资产合计 1,043,723,752.85 813,090,760.13 流动负债合计 807,295,535.09 641,863,359.59
非流动负债：
递延所得税负债 (五)18 14,876,465.56 15,333,458.39
非流动资产： 其他非流动负债 (五)30 49,915,370.34 49,653,634.01
可供出售金融资产 (五)12 77,032,324.87 79,313,107.86 非流动负债合计 64,791,835.90 64,987,092.40
长期股权投资 (五)10 712,285,409.15 774,365,974.10 负债合计 872,087,370.99 706,850,451.99
投资性房地产 (五)13 33,164,678.48 33,550,558.10
固定资产 (五)14 963,264,870.66 1,012,620,633.99 股东权益：
在建工程 (五)15 5,180,787.40 2,454,281.18 股本 (五)31 551,610,107.00 551,610,107.00
无形资产 (五)16 302,428,794.21 302,840,184.69 资本公积 (五)32 440,639,368.25 442,130,078.21
长期待摊费用 (五)17 6,655,219.19 3,552,034.73 盈余公积 (五)33 254,888,550.13 252,992,508.99
递延所得税资产 (五)18 6,538,771.32 6,562,741.01 未分配利润 (五)34 779,900,359.33 852,618,317.25
其他非流动资产 (五)19 8,542,964.48 23,805,953.24 归属于母公司股东权益合计 2,027,038,384.71 2,099,351,011.45
非流动资产合计 2,115,093,819.76 2,239,065,468.90 少数股东权益 259,691,816.91 245,954,765.59
股东权益合计 2,286,730,201.62 2,345,305,777.04
资产总计 3,158,817,572.61 3,052,156,229.03 负债和股东权益总计 3,158,817,572.61 3,052,156,229.03
母公司资产负债表
人民币元
项目 附注 2012 年 6 月 30 日 年初余额 项目 附注 2012 年 6 月 30 日 年初余额
流动资产： 流动负债：
货币资金 (十三)1 386,008,214.79 322,355,546.93 应付账款 1,212,145.45 2,315,831.64
交易性金融资产 830,034.50 848,726.50 预收款项 221,926.10 273,198.50
应收股利 (十三)2 65,586,793.97 58,000,000.00 应付职工薪酬 (十三)11 23,120,876.51 30,595,971.30
应收利息 2,256,545.93 1,143,756.91 应交税费 (十三)12 135,015.04 11,671,125.31
应收账款 318,432.95 397,465.91 应付股利 185,435,019.45 19,951,987.35
预付款项 79,857.00 34,783.00 其他应付款 (十三)13 8,784,583.53 10,493,135.39
其他应收款 (十三)3 150,580,861.94 200,399,707.57 其他流动负债 - -
存货 115,101.22 97,365.93 流动负债合计 218,909,566.08 75,301,249.49
其他流动资产 (十三)4 35,042,100.00 44,210,000.00
流动资产合计 640,817,942.30 627,487,352.75
非流动资产： 非流动负债：
可供出售金融资产 (十三)5 67,462,462.79 68,959,141.12 递延所得税负债 (十三)9 12,744,070.85 13,005,037.52
长期股权投资 (十三)6 948,504,514.41 947,895,473.99 非流动负债合计 12,744,070.85 13,005,037.52
投资性房地产 (十三)7 19,948,299.31 20,169,477.55 负债合计 231,653,636.93 88,306,287.01
固定资产 (十三)8 40,176,113.78 41,148,539.09
在建工程 115,312.00 17,500.00 股东权益：
无形资产 829,820.24 848,192.66 股本 551,610,107.00 551,610,107.00
递延所得税资产 (十三)9 6,538,771.32 6,562,741.01 资本公积 (十三)14 418,297,875.48 419,080,775.50
其他非流动资产 (十三)10 - 15,262,988.76 盈余公积 254,888,550.13 252,992,508.99
非流动资产合计 1,083,575,293.85 1,100,864,054.18 未分配利润 (十三)15 267,943,066.61 416,361,728.43
股东权益合计 1,492,739,599.22 1,640,045,119.92
资产总计 1,724,393,236.15 1,728,351,406.93 负债和股东权益总计 1,724,393,236.15 1,728,351,406.93
附注为财务报表的组成部分。
第 2 页至第 58 页的财务报表由下列负责人签署：
企业负责人：杨原平 主管会计工作负责人：濮荣平 会计机构负责人：刘朝晖
2
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
公司及合并利润表
2012 年 1 月 1 日至 6 月 30 日止期间
合并利润表
人民币元
项目 附注 本期累计数 上年同期累计数
一、营业总收入 979,501,238.99 903,832,524.09
其中：营业收入 (五)35 979,501,238.99 903,832,524.09
二、营业总成本 919,678,649.52 800,129,619.92
其中：营业成本 (五)35 772,944,672.89 647,928,299.57
营业税金及附加 (五)36 5,336,467.18 21,685,622.56
销售费用 87,319,571.31 79,618,659.43
管理费用 55,951,239.21 51,401,488.12
财务费用 (五)37 (1,873,301.07) (503,999.76)
资产减值损失 (五)38 - (450.00)
加：公允价值变动损益(损失) (五)39 (77,692.00) -
投资收益(损失以“－”号填列) (五)40 58,138,088.47 76,066,957.94
其中：对联营企业和合营企业的投资收益 53,910,998.07 64,714,331.60
三、营业利润(亏损以―－‖号填列) 117,882,985.94 179,769,862.11
加：营业外收入 (五)41 17,027,464.45 21,952,122.48
减：营业外支出 (五)42 124,823.87 1,244,283.03
其中：非流动资产处置损失 6,277.11 1,218,790.07
四、利润总额(亏损总额以―－‖号填列) 134,785,626.52 200,477,701.56
减：所得税费用 (五)43 19,081,476.31 29,886,955.72
五、净利润(净亏损以―－‖号填列) 115,704,150.21 170,590,745.84
归属于母公司股东的净利润 94,661,115.32 143,951,509.10
少数股东损益 21,043,034.89 26,639,236.74
六、每股收益： (五)44
(一)基本每股收益 0.172 0.261
(二)稀释每股收益 不适用 不适用
七、其他综合收益(损失) (五)45 (1,522,462.67) (5,817,380.47)
八、综合收益总额 114,181,687.54 164,773,365.37
归属于母公司股东的综合收益总额 93,170,405.36 138,216,547.16
归属于少数股东的综合收益总额 21,011,282.18 26,556,818.21
母公司利润表
人民币元
项目 附注 本期累计数 上年同期累计数
一、营业收入 (十三)16 11,169,120.03 9,416,760.96
减：营业成本 (十三)16 2,008,493.36 1,427,650.28
营业税金及附加 626,721.95 530,256.96
销售费用 4,454,216.88 4,060,811.52
管理费用 706,803.92 3,471,302.10
财务费用 (3,167,312.20) (2,685,068.11)
资产减值损失 - -
加：公允价值变动损益(损失) (77,692.00) -
投资收益(损失以“－”号填列) (十三)17 12,531,570.83 166,515,060.40
其中：对联营企业和合营企业的投资收益 9,432,845.63 11,010,214.33
二、营业利润(亏损以―－‖号填列) 18,994,074.95 169,126,868.61
加：营业外收入 5,573.85 7,162.40
减：营业外支出 3,158.49 12,916.34
其中：非流动资产处置损失 2,658.49 12,916.34
三、利润总额(亏损总额以―－‖号填列) 18,996,490.31 169,121,114.67
减：所得税费用 36,078.89 146,412.68
四、净利润(净亏损以―－‖号填列) 18,960,411.42 168,974,701.99
五、其他综合收益(损失) (十三)18 (782,900.02) (3,272,622.75)
六、综合收益总额 18,177,511.40 165,702,079.24
附注为财务报表的组成部分。
3
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
公司及合并现金流量表
2012 年 1 月 1 日至 6 月 30 日止期间
合并现金流量表
人民币元
项目 附注 本期累计数 上年同期累计数
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 959,842,634.57 895,351,795.93
收到其他与经营活动有关的现金 66,134,640.01 79,663,221.49
经营活动现金流入小计 1,025,977,274.58 975,015,017.42
购买商品、接受劳务支付的现金 602,325,871.79 461,182,279.39
支付给职工以及为职工支付的现金 196,323,585.42 196,341,034.25
支付的各项税费 82,586,672.59 61,154,953.43
支付其他与经营活动有关的现金 24,972,638.91 24,355,479.23
经营活动现金流出小计 906,208,768.71 743,033,746.30
经营活动产生的现金流量净额 (五)46(1) 119,768,505.87 231,981,271.12
二、投资活动产生的现金流量：
收回投资收到的现金 2,195,682.43 1,747,251.31
取得投资收益收到的现金 40,793,825.32 24,348,676.65
处置固定资产、无形资产和其他长期资产收回的现金净额 49,928,157.04 30,908,872.64
处置子公司及其他营业单位收到的现金净额 - -
收到其他与投资活动有关的现金 - -
投资活动现金流入小计 92,917,664.79 57,004,800.60
购建固定资产、无形资产和其他长期资产支付的现金 117,085,274.79 227,508,729.17
投资支付的现金 - 8,542,964.48
取得子公司及其他营业单位支付的现金净额 - -
支付其他与投资活动有关的现金 - -
投资活动现金流出小计 117,085,274.79 236,051,693.65
投资活动产生的现金流量净额 (24,167,610.00) (179,046,893.05)
三、筹资活动产生的现金流量：
吸收投资收到的现金 - -
其中：子公司吸收少数股东投资收到的现金 - -
取得借款收到的现金 - -
筹资活动现金流入小计 - -
偿还债务支付的现金 - -
分配股利、利润或偿付利息支付的现金 7,878,448.36 12,382,860.38
其中：子公司支付给少数股东的股利、利润 7,274,230.86 9,454,676.01
支付其他与筹资活动有关的现金 3,790,415.60 36,030,714.33
筹资活动现金流出小计 11,668,863.96 48,413,574.71
筹资活动产生的现金流量净额 (11,668,863.96) (48,413,574.71)
四、汇率变动对现金及现金等价物的影响 - -
五、现金及现金等价物净增加(减少)额 83,932,031.91 4,520,803.36
加：年初现金及现金等价物余额 (五)46(2) 616,692,362.37 757,555,245.06
六、年末现金及现金等价物余额 (五)46(2) 700,624,394.28 762,076,048.42
附注为财务报表的组成部分。
4
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
公司及合并现金流量表
2012 年 1 月 1 日至 6 月 30 日止期间
母公司现金流量表
人民币元
项目 附注 本期累计数 上年同期累计数
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 11,248,152.99 9,359,614.29
收到其他与经营活动有关的现金 767,416.74 7,193,252.20
经营活动现金流入小计 12,015,569.73 16,552,866.49
购买商品、接受劳务支付的现金 1,015,483.74 1,466,933.45
支付给职工以及为职工支付的现金 9,973,739.77 7,283,705.41
支付的各项税费 12,320,542.69 716,163.71
支付其他与经营活动有关的现金 3,891,693.02 2,152,650.22
经营活动现金流出小计 27,201,459.22 11,619,452.79
经营活动产生的现金流量净额 (十三)19(1) (15,185,889.49) 4,933,413.70
二、投资活动产生的现金流量：
收回投资收到的现金 2,195,682.43 1,747,251.31
取得投资收益收到的现金 17,855,854.92 90,262,652.60
处置固定资产、无形资产和其他长期资产收回的现金
530.00 -
净额
收到其他与投资活动有关的现金 59,167,900.00 -
投资活动现金流入小计 79,219,967.35 92,009,903.91
购建固定资产、无形资产和其他长期资产支付的现金 381,410.00 38,404.00
投资支付的现金 - -
投资活动现金流出小计 381,410.00 38,404.00
投资活动产生的现金流量净额 78,838,557.35 91,971,499.91
三、筹资活动产生的现金流量：
收到的其他与筹资活动有关的现金 - -
筹资活动现金流入小计 - -
分配股利、利润或偿付利息支付的现金 - 31,363.50
支付其他与筹资活动有关的现金 - 36,030,714.33
筹资活动现金流出小计 - 36,062,077.83
筹资活动产生的现金流量净额 - (36,062,077.83)
四、汇率变动对现金及现金等价物的影响 - -
五、现金及现金等价物净增加额 63,652,667.86 60,842,835.78
加：年初现金及现金等价物余额 (十三)19(2) 322,355,546.93 430,340,674.30
六、年末现金及现金等价物余额 (十三)19(2) 386,008,214.79 491,183,510.08
附注为财务报表的组成部分。
5
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
公司及合并股东权益变动表
2012 年 1 月 1 日至 6 月 30 日止期间
合并股东权益变动表
单位：人民币元
本期金额 上年同期金额
项目 归属于母公司股东权益 少数 股东 归属于母公司股东权益 少数 股东
股本 资本公积 盈余公积 未分配利润 股东权益 权益合计 股本 资本公积 盈余公积 未分配利润 股东权益 权益合计
一、上年年末余额 551,610,107.00 442,130,078.21 252,992,508.99 852,618,317.25 245,954,765.59 2,345,305,777.04 551,610,107.00 436,404,492.81 228,288,330.29 799,364,990.68 182,101,198.73 2,197,769,119.51
二、本期年初余额 551,610,107.00 442,130,078.21 252,992,508.99 852,618,317.25 245,954,765.59 2,345,305,777.04 551,610,107.00 436,404,492.81 228,288,330.29 799,364,990.68 182,101,198.73 2,197,769,119.51
三、本期增减变动金额
(一)净利润 - - - 94,661,115.32 21,043,034.89 115,704,150.21 - - - 143,951,509.10 26,639,236.74 170,590,745.84
(二)其他综合收益 - (1,490,709.96) - - (31,752.71) (1,522,462.67) - (5,734,961.94) - - (82,418.53) (5,817,380.47)
上述(一)和(二)小计 - (1,490,709.96) - 94,661,115.32 21,011,282.18 114,181,687.54 - (5,734,961.94) - 143,951,509.10 26,556,818.21 164,773,365.37
(三)股东投入和减少资本
1．股东投入资本 - - - - - - - - - - - -
2．股份支付计入股东权益的金额 - - - - - - - - - - - -
3．其他 - - - - - - - - - - 57,916,903.05 57,916,903.05
(四)利润分配
1．提取盈余公积 - - 1,896,041.14 (1,896,041.14) - - - - 16,897,470.20 (16,897,470.20) - -
2．对股东的分配 - - - (165,483,032.10) (7,274,230.86) (172,757,262.96) - - - (165,483,032.10) (17,296,124.78) (182,779,156.88)
四、本期期末余额 551,610,107.00 440,639,368.25 254,888,550.13 779,900,359.33 259,691,816.91 2,286,730,201.62 551,610,107.00 430,669,530.87 245,185,800.49 760,935,997.48 249,278,795.21 2,237,680,231.05
母公司股东权益变动表
单位：人民币元
本期金额 上年同期金额
项目
股本 资本公积 盈余公积 未分配利润 股东权益合计 股本 资本公积 盈余公积 未分配利润 股东权益合计
一、上年年末余额 551,610,107.00 419,080,775.50 252,992,508.99 416,361,728.43 1,640,045,119.92 551,610,107.00 432,216,934.20 228,288,330.29 359,507,152.20 1,571,622,523.69
二、本期年初余额 551,610,107.00 419,080,775.50 252,992,508.99 416,361,728.43 1,640,045,119.92 551,610,107.00 432,216,934.20 228,288,330.29 359,507,152.20 1,571,622,523.69
三、本期增减变动金额
(一)净利润 - - - 18,960,411.42 18,960,411.42 - - - 168,974,701.99 168,974,701.99
(二)其他综合收益 - (782,900.02) - - (782,900.02) - (3,272,622.75) - - (3,272,622.75)
上述(一)和(二)小计 - (782,900.02) - 18,960,411.42 18,177,511.40 - (3,272,622.75) - 168,974,701.99 165,702,079.24
(三)股东投入和减少资本
1．股东投入资本 - - - - - - - - - -
2．股份支付计入股东权益的金额 - - - - - - - - - -
3．其他 - - - - - - - - - -
(四)利润分配
1．提取盈余公积 - - 1,896,041.14 (1,896,041.14) - - - 16,897,470.20 (16,897,470.20) -
2．对股东的分配 - - - (165,483,032.10) (165,483,032.10) - - - (165,483,032.10) (165,483,032.10)
四、本期期末余额 551,610,107.00 418,297,875.48 254,888,550.13 267,943,066.61 1,492,739,599.22 551,610,107.00 428,944,311.45 245,185,800.49 346,101,351.89 1,571,841,570.83
附注为财务报表的组成部分。
6
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(一) 公司基本情况
上海锦江国际实业投资股份有限公司(以下简称―本公司‖)是一家在中华人民共和国境内由原上海新锦江
大酒店改制而成的股份有限公司，总部位于上海市，成立于 1993 年 2 月 24 日。本公司于 1993 年发行
的 A 股和 B 股股票在中国上海证券交易所上市。本公司原第一大股东为锦江国际(集团)有限公司(以下
简称―锦江国际‖)。于 2011 年 2 月 14 日，锦江国际将其持有的全部本公司 38.54%的流通股份转让给上
海锦江国际酒店(集团)股份有限公司(以下简称―锦江酒店集团‖)。完成过户登记后，锦江酒店集团成为
本公司第一大股东，并持有本公司 38.54%的股份。
本公司及子公司(以下简称―本集团‖)主要从事车辆服务、物流服务(普通货物的仓储、装卸、加工、包
装、配送(筹建)及相关信息处理服务和有关咨询服务；提供供应链、仓储、运输、库存、采购订单的管
理和咨询服务，计算机软件的开发与技术服务(涉及许可经营的凭许可证经营)；国内货物运输代理业
务、国际货物运输代理业务)、旅游服务(非旅行社接待业务)、商务服务、宾馆、物业管理、办公用房出
租、房地产开发经营，提供商场的场地。
(二) 公司主要会计政策及会计估计
1、财务报表的编制基础
本集团执行财政部于 2006 年 2 月 15 日颁布的企业会计准则。此外，本集团还按照《公开发行证券的公
司信息披露编报规则第 15 号—财务报告的一般规定》(2010 年修订)披露有关财务信息。
记账基础和计价原则
本集团会计核算以权责发生制为记账基础。除某些金融工具以公允价值计量外，本财务报表以历史成本
作为计量基础。资产如果发生减值，则按照相关规定计提相应的减值准备。
2、遵循企业会计准则的声明
本公司编制的财务报表符合企业会计准则的要求，真实、完整地反映了本公司于 2012 年 6 月 30 日的公
司及合并财务状况以及 2012 年上半年度的公司及合并经营成果和公司及合并现金流量。
3、会计期间
本集团的会计年度为公历年度，即每年 1 月 1 日起至 12 月 31 日止。本财务报表的会计期间为 2012 年 1
月 1 日至 6 月 30 日止。
4、记账本位币
人民币为本公司及子公司经营所处的主要经济环境中的货币，本公司及子公司以人民币为记账本位币。
本集团编制本财务报表时所采用的货币为人民币。
5、同一控制下和非同一控制下企业合并的会计处理方法
企业合并分为同一控制下企业合并和非同一控制下企业合并。
5.1 同一控制下的企业合并
参与合并的企业在合并前后均受同一方或相同的多方最终控制，且该控制并非暂时性的，为同一控制下
的企业合并。
在企业合并中取得的资产和负债，按合并日其在被合并方的账面价值计量。合并方取得的净资产账面价
值与支付的合并对价的账面价值的差额，调整资本公积中的股本溢价，股本溢价不足冲减的则调整留存
收益。为进行企业合并发生的各项直接费用，于发生时计入当期损益。
7
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(二) 公司主要会计政策及会计估计 - 续
5、同一控制下和非同一控制下企业合并的会计处理方法 - 续
5.2 非同一控制下的企业合并及商誉
参与合并的企业在合并前后不受同一方或相同的多方最终控制，为非同一控制下的企业合并。
合并成本指购买方为取得被购买方的控制权而付出的资产、发生或承担的负债和发行的权益性工具的公
允价值。购买方为企业合并发生的审计、法律服务、评估咨询等中介费用以及其他相关管理费用，于发
生时计入当期损益。通过多次交易分步实现非同一控制下的企业合并的，合并成本为购买日支付的对价
与购买日之前已经持有的被购买方的股权在购买日的公允价值之和。对于购买日之前已经持有的被购
买方的股权，按照购买日的公允价值进行重新计量，公允价值与其账面价值之间的差额计入当期投资收
益；购买日之前已经持有的被购买方的股权涉及其他综合收益的，与其相关的其他综合收益转为购买日
当期投资收益。
购买方在合并中所取得的被购买方符合确认条件的可辨认资产、负债及或有负债在购买日以公允价值计
量。合并成本大于合并中取得的被购买方可辨认净资产公允价值份额的差额，作为一项资产确认为商誉
并按成本进行初始计量。合并成本小于合并中取得的被购买方可辨认净资产公允价值份额的，首先对取
得的被购买方各项可辨认资产、负债及或有负债的公允价值以及合并成本的计量进行复核，复核后合并
成本仍小于合并中取得的被购买方可辨认净资产公允价值份额的，计入当期损益。
因企业合并形成的商誉在合并财务报表中单独列报，并按照成本扣除累计减值准备后的金额计量。商誉
至少在每年年度终了进行减值测试。
对商誉进行减值测试时，结合与其相关的资产组或者资产组组合进行。即，自购买日起将商誉的账面价
值按照合理的方法分摊到能够从企业合并的协同效应中受益的资产组或资产组组合，如包含分摊的商誉
的资产组或资产组组合的可收回金额低于其账面价值的，确认相应的减值损失。减值损失金额首先抵减
分摊到该资产组或资产组组合的商誉的账面价值，再根据资产组或资产组组合中除商誉以外的其他各项
资产的账面价值所占比重，按比例抵减其他各项资产的账面价值。
可收回金额为资产的公允价值减去处置费用后的净额与资产预计未来现金流量的现值两者之中的较高
者。资产的公允价值根据公平交易中销售协议价格确定；不存在销售协议但存在资产活跃市场的，公允
价值按照该资产的买方出价确定；不存在销售协议和资产活跃市场的，则以可获取的最佳信息为基础估
计资产的公允价值。处置费用包括与资产处置有关的法律费用、相关税费、搬运费以及为使资产达到可
销售状态所发生的直接费用。资产预计未来现金流量的现值，按照资产在持续使用过程中和最终处置时
所产生的预计未来现金流量，选择恰当的折现率对其进行折现后的金额加以确定。
商誉减值损失在发生时计入当期损益，且在以后会计期间不予转回。
6、合并财务报表的编制方法
合并财务报表的合并范围以控制为基础予以确定。控制是指本集团能够决定另一个企业的财务和经营政
策，并能据以从该企业的经营活动中获取利益的权力。
对于本集团处置的子公司，处置日(丧失控制权的日期)前的经营成果和现金流量已经适当地包括在合并
利润表和合并现金流量表中。
对于通过非同一控制下的企业合并取得的子公司，其自购买日(取得控制权的日期)起的经营成果及现金
流量已经适当地包括在合并利润表和合并现金流量表中，不调整合并财务报表的期初数和对比数。
8
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(二) 公司主要会计政策及会计估计 - 续
6、合并财务报表的编制方法 - 续
对于通过同一控制下的企业合并取得的子公司，无论该项企业合并发生在报告期的任一时点，视同该子
公司同受最终控制方控制之日起纳入本集团的合并范围，其自报告期最早期间期初起的经营成果和现金
流量已适当地包括在合并利润表和合并现金流量表中。
子公司采用的主要会计政策和会计期间按照本公司统一规定的会计政策和会计期间厘定。
本公司与子公司及子公司相互之间的所有重大账目及交易于合并时抵销。
子公司所有者权益中不属于母公司的份额作为少数股东权益，在合并资产负债表中项目下以―少数股东
权益‖项目列示。子公司当期净损益中属于少数股东权益的份额，在合并利润表中净利润项目下以―少数
股东损益‖项目列示。
少数股东分担的子公司的亏损超过了少数股东在该子公司期初所有者权益中所享有的份额，其余额仍冲
减少数股东权益。
对于购买子公司少数股权或因处置部分股权投资但没有丧失对该子公司控制权的交易，作为权益性交易
核算，调整归属于母公司所有者权益和少数股东权益的账面价值以反映其在子公司中相关权益的变化。
少数股东权益的调整额与支付/收到对价的公允价值之间的差额调整资本公积，资本公积不足冲减的，
调整留存收益。
因处置部分股权投资或其他原因丧失了对原有子公司控制权的，剩余股权按照其在丧失控制权日的公允
价值进行重新计量。处置股权取得的对价与剩余股权公允价值之和，减去按原持股比例计算应享有原子
公司自购买日开始持续计算的净资产的份额之间的差额，计入丧失控制权当期的投资收益。与原有子公
司股权投资相关的其他综合收益，在丧失控制权时转为当期投资收益。
7、现金及现金等价物的确定标准
现金是指企业库存现金以及可以随时用于支付的存款。现金等价物是指本集团持有的期限短、流动性
强、易于转换为已知金额现金、价值变动风险很小的投资。
8、外币业务和外币报表折算
外币交易在初始确认时采用交易发生日的即期汇率折算。
于资产负债表日，外币货币性项目采用该日即期汇率折算为人民币，因该日的即期汇率与初始确认时或
者前一资产负债表日即期汇率不同而产生的汇兑差额，除：(1)符合资本化条件的外币专门借款的汇兑
差额在资本化期间予以资本化计入相关资产的成本；(2)为了规避外汇风险进行套期的套期工具的汇兑
差额按套期会计方法处理；(3)可供出售外币非货币性项目(如股票)产生的汇兑差额以及可供出售货币性
项目除摊余成本之外的其他账面余额变动产生的汇兑差额确认为其他综合收益并计入资本公积外，均计
入当期损益。
以历史成本计量的外币非货币性项目仍以交易发生日的即期汇率折算的记账本位币金额计量。以公允价
值计量的外币非货币性项目，采用公允价值确定日的即期汇率折算，折算后的记账本位币金额与原记账
本位币金额的差额，作为公允价值变动(含汇率变动)处理，计入当期损益或确认为其他综合收益并计入
资本公积。
9
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(二) 公司主要会计政策及会计估计 - 续
9、金融工具
在本集团成为金融工具合同的一方时确认一项金融资产或金融负债。金融资产和金融负债在初始确认时
以公允价值计量。对于以公允价值计量且其变动计入当期损益的金融资产和金融负债，相关的交易费用
直接计入损益，对于其他类别的金融资产和金融负债，相关交易费用计入初始确认金额。
9.1 公允价值的确定方法
公允价值，指在公平交易中，熟悉情况的交易双方自愿进行资产交换或债务清偿的金额。对于存在活跃
市场的金融工具，本集团采用活跃市场中的报价确定其公允价值；对于不存在活跃市场的金融工具，本
集团采用估值技术确定其公允价值。估值技术包括参考熟悉情况并自愿交易的各方最近进行的市场交易
中使用的价格、参照实质上相同的其他金融工具当前的公允价值、现金流量折现法和期权定价模型等。
9.2 实际利率法
实际利率法是指按照金融资产或金融负债(含一组金融资产或金融负债)的实际利率计算其摊余成本及各
期利息收入或支出的方法。实际利率是指将金融资产或金融负债在预期存续期间或适用的更短期间内的
未来现金流量，折现为该金融资产或金融负债当前账面价值所使用的利率。
在计算实际利率时，本集团将在考虑金融资产或金融负债所有合同条款的基础上预计未来现金流量(不
考虑未来的信用损失)，同时还将考虑金融资产或金融负债合同各方之间支付或收取的、属于实际利率
组成部分的各项收费、交易费用及折价或溢价等。
9.3 金融资产的分类、确认和计量
金融资产在初始确认时划分为以公允价值计量且其变动计入当期损益的金融资产、持有至到期投资、贷
款和应收款项以及可供出售金融资产。本集团暂无持有至到期投资。以常规方式买卖金融资产，按交易
日会计进行确认和终止确认。
9.3.1. 以公允价值计量且其变动计入当期损益的金融资产
以公允价值计量且其变动计入当期损益的金融资产包括交易性金融资产和指定为以公允价值计量且其变
动计入当期损益的金融资产。本集团以公允价值计量且其变动计入当期损益的金融资产均为交易性金融
资产。
交易性金融资产是指满足下列条件之一的金融资产：(1)取得该金融资产的目的，主要是为了近期内出
售；(2)初始确认时属于进行集中管理的可辨认金融工具组合的一部分，且有客观证据表明本集团近期
采用短期获利方式对该组合进行管理；(3)属于衍生工具，但是被指定且为有效套期工具的衍生工具、
属于财务担保合同的衍生工具、与在活跃市场中没有报价且其公允价值不能可靠计量的权益工具投资挂
钩并须通过交付该权益工具结算的衍生工具除外。
以公允价值计量且其变动计入当期损益的金融资产采用公允价值进行后续计量，公允价值变动形成的利
得或损失以及与该金融资产相关的股利和利息收入计入当期损益。
9.3.2. 贷款和应收款项
贷款和应收款项是指在活跃市场中没有报价、回收金额固定或可确定的非衍生金融资产。本集团划分为
贷款和应收款项的金融资产包括应收票据、应收账款、应收股利、其他应收款及其他流动资产等。
贷款和应收款项采用实际利率法，按摊余成本进行后续计量。在终止确认、发生减值或摊销时产生的利
得或损失，计入当期损益。
10
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(二) 公司主要会计政策及会计估计 - 续
9、金融工具 - 续
9.3 金融资产的分类、确认和计量 - 续
9.3.3. 可供出售金融资产
可供出售金融资产包括初始确认时即被指定为可供出售的非衍生金融资产，以及除了以公允价值计量且
其变动计入当期损益的金融资产、贷款和应收款项、持有至到期投资以外的金融资产。
可供出售金融资产采用公允价值进行后续计量，公允价值变动形成的利得或损失，除减值损失和外币货
币性金融资产与摊余成本相关的汇兑差额计入当期损益外，确认为其他综合收益并计入资本公积，在该
金融资产终止确认时转出，计入当期损益。
可供出售金融资产持有期间取得的利息及被投资单位宣告发放的现金股利，计入投资收益。
在活跃市场中没有报价且其公允价值不能可靠计量的权益工具投资，以及与该权益工具挂钩并须通过交
付该权益工具结算的衍生金融资产，按照成本计量。
9.4 金融资产减值
除了以公允价值计量且其变动计入当期损益的金融资产外，本集团在每个资产负债表日对其他金融资产
的账面价值进行检查，有客观证据表明金融资产发生减值的，计提减值准备。表明金融资产发生减值的
客观证据是指金融资产初始确认后实际发生的、对该金融资产的预计未来现金流量有影响，且企业能够
对该影响进行可靠计量的事项。
金融资产发生减值的客观证据，包括下列可观察到的各项事项：
(1) 发行方或债务人发生严重财务困难；
(2) 债务人违反了合同条款，如偿付利息或本金发生违约或逾期等；
(3) 本集团出于经济或法律等方面因素的考虑，对发生财务困难的债务人作出让步；
(4) 债务人很可能倒闭或者进行其他财务重组；
(5) 因发行方发生重大财务困难，导致金融资产无法在活跃市场继续交易；
(6) 无法辨认一组金融资产中的某项资产的现金流量是否已经减少，但根据公开的数据对其进行总
体评价后发现，该组金融资产自初始确认以来的预计未来现金流量确已减少且可计量，包括：
- 该组金融资产的债务人支付能力逐步恶化；
- 债务人所在国家或地区经济出现了可能导致该组金融资产无法支付的状况；
(7) 权益工具发行人经营所处的技术、市场、经济或法律环境等发生重大不利变化，使权益工具投
资人可能无法收回投资成本；
(8) 权益工具投资的公允价值发生严重或非暂时性下跌；
(9) 其他表明金融资产发生减值的客观证据。
- 以摊余成本计量的金融资产减值
以摊余成本计量的金融资产发生减值时，将其账面价值减记至按照该金融资产的原实际利率折现确定的
预计未来现金流量 (不包括尚未发生的未来信用损失)现值，减记金额确认为减值损失，计入当期损益。
金融资产确认减值损失后，如有客观证据表明该金融资产价值已恢复，且客观上与确认该损失后发生的
事项有关，原确认的减值损失予以转回，但金融资产转回减值损失后的账面价值不超过假定不计提减值
准备情况下该金融资产在转回日的摊余成本。
11
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(二) 公司主要会计政策及会计估计 - 续
9、金融工具 - 续
9.4 金融资产减值 - 续
本集团对所有金融资产均单独进行减值测试。
- 可供出售金融资产减值
可供出售金融资产发生减值时，将原计入资本公积的因公允价值下降形成的累计损失予以转出并计入当
期损益，该转出的累计损失为该资产初始取得成本扣除已收回本金和已摊销金额、当前公允价值和原已
计入损益的减值损失后的余额。
在确认减值损失后，期后如有客观证据表明该金融资产价值已恢复，且客观上与确认该损失后发生的事
项有关，原确认的减值损失予以转回，可供出售权益工具投资的减值损失转回确认为其他综合收益并计
入资本公积，可供出售债务工具的减值损失转回计入当期损益。
9.5 金融资产的转移
满足下列条件之一的金融资产，予以终止确认：(1)收取该金融资产现金流量的合同权利终止；(2)该金
融资产已转移，且将金融资产所有权上几乎所有的风险和报酬转移给转入方；(3)该金融资产已转移，
虽然企业既没有转移也没有保留金融资产所有权上几乎所有的风险和报酬，但是放弃了对该金融资产控
制。
若本集团既没有转移也没有保留金融资产所有权上几乎所有的风险和报酬，且未放弃对该金融资产的控
制的，则按照继续涉入所转移金融资产的程度确认有关金融资产，并相应确认有关负债。继续涉入所转
移金融资产的程度，是指该金融资产价值变动使企业面临的风险水平。
金融资产整体转移满足终止确认条件的，将所转移金融资产的账面价值及因转移而收到的对价与原计入
所有者权益的公允价值变动累计额之和的差额计入当期损益。
金融资产部分转移满足终止确认条件的，将所转移金融资产的账面价值在终止确认及未终止确认部分之
间按其相对的公允价值进行分摊，并将因转移而收到的对价与应分摊至终止确认部分的原计入其他综合
收益的公允价值变动累计额之和与分摊的前述账面金额之差额计入当期损益。
9.6 金融负债的分类、确认及计量
本集团将发行的金融工具根据该金融工具合同安排的实质以及金融负债和权益工具的定义确认为金融负
债或权益工具。
金融负债在初始确认时划分为以公允价值计量且其变动计入当期损益的金融负债和其他金融负债。本集
团暂无划分为公允价值计量且其变动计入当期损益的金融负债。
9.6.1. 其他金融负债
与在活跃市场中没有报价、公允价值不能可靠计量的权益工具挂钩并须通过交付该权益工具结算的衍生
金融负债，按照成本进行后续计量。其他金融负债采用实际利率法，按摊余成本进行后续计量，终止确
认或摊销产生的利得或损失计入当期损益。
12
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(二) 公司主要会计政策及会计估计 - 续
9、金融工具 - 续
9.6 金融负债的分类、确认及计量 -续
9.6.2. 财务担保合同
财务担保合同是指保证人和债权人约定，当债务人不履行债务时，保证人按照约定履行债务或者承担责
任的合同。不属于指定为以公允价值计量且其变动计入当期损益的金融负债的财务担保合同，以公允价
值减直接归属的交易费用进行初始确认，在初始确认后按照《企业会计准则第 13 号—或有事项》确定
的金额和初始确认金额扣除按照《企业会计准则第 14 号—收入》的原则确定的累计摊销额后的余额之
中的较高者进行后续计量。
9.7 金融负债的终止确认
金融负债的现时义务全部或部分已经解除的，才能终止确认该金融负债或其一部分。本集团(债务人)与
债权人之间签订协议，以承担新金融负债方式替换现存金融负债，且新金融负债与现存金融负债的合同
条款实质上不同的，终止确认现存金融负债，并同时确认新金融负债。
金融负债全部或部分终止确认的，将终止确认部分的账面价值与支付的对价(包括转出的非现金资产或
承担的新金融负债)之间的差额，计入当期损益。
9.8 金融资产和金融负债的抵销
当本集团具有抵销已确认金融资产和金融负债的法定权利，且目前可执行该种法定权利，同时本集团计
划以净额结算或同时变现该金融资产和清偿该金融负债时，金融资产和金融负债以相互抵销后的金额在
资产负债表内列示。除此以外，金融资产和金融负债在资产负债表内分别列示，不予相互抵销。
9.9 权益工具
权益工具是指能证明拥有本集团在扣除所有负债后的资产中的剩余权益的合同。发行权益工具时收到的
对价扣除交易费用后增加股东权益。
本集团对权益工具持有方的各种分配(不包括股票股利)，减少股东权益。本集团不确认权益工具的公允
价值变动额。
10、应收款项
单项金额重大并单项计提坏账准备的应收款项
单项金额重大的判断依据或金额标 本集团将金额为人民币 1,000 万元以上的应收款项确认为单项
准 金额重大的应收款项。
本集团对应收款项均单独进行减值测试。
11、存货
11.1 存货的分类
本集团的存货主要包括库存商品、备品备件、物料用品和食品饮料等。按成本进行初始计量，存货成本
包括采购成本、加工成本和其他使存货达到目前场所和状态所发生的支出。
13
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(二) 公司主要会计政策及会计估计 - 续
11、存货 - 续
11.2 发出存货的计价方法
除车辆营运业务的备品备件以及物料用品发出时按加权平均法确定其实际成本外，其余存货发出时，均
按先进先出法确定其实际成本。
11.3 存货可变现净值的确定依据及存货跌价准备的计提方法
资产负债表日，存货按照成本与可变现净值孰低计量。当其可变现净值低于成本时，提取存货跌价准
备。
可变现净值是指在日常活动中，存货的估计售价减去至完工时估计将要发生的成本、估计的销售费用以
及相关税费后的金额。在确定存货的可变现净值时，以取得的确凿证据为基础，同时考虑持有存货的目
的以及资产负债表日后事项的影响。
存货按单个存货项目的成本高于其可变现净值的差额提取存货跌价准备。
计提存货跌价准备后，如果以前减记存货价值的影响因素已经消失，导致存货的可变现净值高于其账面
价值的，在原已计提的存货跌价准备金额内予以转回，转回的金额计入当期损益。
11.4 存货的盘存制度
存货盘存制度为永续盘存制。
11.5 低值易耗品的摊销方法
低值易耗品采用一次转销法进行摊销。
12、长期股权投资
12.1 投资成本的确定
对于企业合并形成的长期股权投资，如为同一控制下的企业合并取得的长期股权投资，在合并日按照取
得被合并方股东权益账面价值的份额作为初始投资成本；通过非同一控制下的企业合并取得的长期股权
投资，按照合并成本作为长期股权投资的初始投资成本。对于多次交易实现非同一控制下的企业合并，
长期股权投资成本为购买日之前所持被购买方的股权投资的账面价值与购买日新增投资成本之和。除企
业合并形成的长期股权投资外的其他股权投资，按成本进行初始计量。
12.2 后续计量及损益确认方法
12.2.1. 成本法核算的长期股权投资
本集团对被投资单位不具有共同控制或重大影响并且在活跃市场中没有报价、公允价值不能可靠计量的
长期股权投资，采用成本法核算；此外，公司财务报表采用成本法核算对子公司的长期股权投资。子公
司是指本集团能够对其实施控制的被投资单位。
采用成本法核算时，长期股权投资按初始投资成本计价，除取得投资时实际支付的价款或者对价中包含
的已宣告但尚未发放的现金股利或者利润外，当期投资收益按照享有被投资单位宣告发放的现金股利或
利润确认。
14
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(二) 公司主要会计政策及会计估计 - 续
12、长期股权投资 - 续
12.2 后续计量及损益确认方法 - 续
12.2.2. 权益法核算的长期股权投资
本集团对联营企业和合营企业的投资采用权益法核算。联营企业是指本集团能够对其施加重大影响的被
投资单位，合营企业是指本集团与其他投资方对其实施共同控制的被投资单位。
采用权益法核算时，长期股权投资的初始投资成本大于投资时应享有被投资单位可辨认净资产公允价值
份额的，不调整长期股权投资的初始投资成本；初始投资成本小于投资时应享有被投资单位可辨认净资
产公允价值份额的，其差额计入当期损益，同时调整长期股权投资的成本。
采用权益法核算时，当期投资损益为应享有或应分担的被投资单位当年实现的净损益的份额。在确认应
享有被投资单位净损益的份额时，以取得投资时被投资单位各项可辨认资产等的公允价值为基础，并按
照本集团的会计政策及会计期间，对被投资单位的净利润进行调整后确认。对于本集团与联营企业及合
营之间发生的未实现内部交易损益按照持股比例计算属于本集团的部分予以抵销，在此基础上确认投资
损益。但本集团与被投资单位发生的未实现内部交易损失，属于所转让资产减值损失的，不予以抵销。
对被投资单位除净损益以外的其他所有者权益变动，相应调整长期股权投资的账面价值确认为其他综合
收益并计入资本公积。
在确认应分担被投资单位发生的净亏损时，以长期股权投资的账面价值和其他实质上构成对被投资单位
净投资的长期权益减记至零为限。此外，如本集团对被投资单位负有承担额外损失的义务，则按预计承
担的义务确认预计负债，计入当期投资损失。被投资单位以后期间实现净利润的，本集团在收益分享额
弥补未确认的亏损分担额后，恢复确认收益分享额。
对于本集团 2007 年 1 月 1 日首次执行新会计准则之前已经持有的对联营企业和合营企业的长期股权投
资，如存在与该投资相关的股权投资借方差额，按原剩余期限直线摊销的金额计入当期损益。
12.2.3. 处置长期股权投资
处置长期股权投资时，其账面价值与实际取得价款的差额，计入当期损益。采用权益法核算的长期股权
投资，在处置时将原计入股东权益的部分按相应的比例转入当期损益。
12.3 确定对被投资单位具有共同控制、重大影响的依据
控制是指有权决定一个企业的财务和经营政策，并能据以从该企业的经营活动中获取利益。共同控制是
指按照合同约定对某项经济活动所共有的控制，仅在与该项经济活动相关的重要财务和经营决策需要分
享控制权的投资方一致同意时存在。重大影响是指对一个企业的财务和经营政策有参与决策的权力，但
并不能够控制或者与其他方一起共同控制这些政策的制定。在确定能否对被投资单位实施控制或施加重
大影响时，已考虑投资企业和其他方持有的被投资单位当期可转换公司债券、当期可执行认股权证等潜
在表决权因素。
12.4 减值测试方法及减值准备计提方法
本集团在每一个资产负债表日检查长期股权投资是否存在可能发生减值的迹象。如果该资产存在减值迹
象，则估计其可收回金额。如果资产的可收回金额低于其账面价值，按其差额计提资产减值准备，并计
入当期损益。
长期股权投资的减值损失一经确认，在以后会计期间不予转回。
15
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(二) 公司主要会计政策及会计估计 - 续
13、投资性房地产
投资性房地产是指为赚取租金或资本增值，或两者兼有而持有的房地产。包括已出租的土地使用权、已
出租的建筑物等。
投资性房地产按成本进行初始计量。与投资性房地产有关的后续支出，如果与该资产有关的经济利益很
可能流入且其成本能可靠地计量，则计入投资性房地产成本。其他后续支出，在发生时计入当期损益。
本集团采用成本模式对投资性房地产进行后续计量，并按照与房屋建筑物或土地使用权一致的政策进行
折旧或摊销。
本集团在每一个资产负债表日检查投资性房地产是否存在可能发生减值的迹象。如果该资产存在减值迹
象，则估计其可收回金额。估计资产的可收回金额以单项资产为基础，如果难以对单项资产的可收回金
额进行估计的，则以该资产所属的资产组为基础确定资产组的可收回金额。如果资产或资产组的可收回
金额低于其账面价值，按其差额计提资产减值准备，并计入当期损益。
投资性房地产的减值损失一经确认，在以后会计期间不予转回。
投资性房地产出售、转让、报废或毁损的处置收入扣除其账面价值和相关税费后的差额计入当期损益。
14、固定资产
14.1 固定资产确认条件
固定资产是指为生产商品、提供劳务、出租或经营管理而持有的，使用寿命超过一个会计年度的有形资
产。固定资产仅在与其有关的经济利益很可能流入本集团，且其成本能够可靠地计量时才予以确认。固
定资产按成本进行初始计量。
与固定资产有关的后续支出，如果与该固定资产有关的经济利益很可能流入且其成本能可靠地计量，则
计入固定资产成本，并终止确认被替换部分的账面价值。除此以外的其他后续支出，在发生时计入当期
损益。
14.2 各类固定资产的折旧方法
固定资产从达到预定可使用状态的次月起，采用年限平均法在使用寿命内计提折旧。各类固定资产的使
用寿命、预计净残值和年折旧率如下：
类别 折旧年限(年) 残值率(%) 年折旧率(%)
房屋及建筑物 20-50 年 4-10% 1.8-4.8%
机器设备 5-20 年 4-10% 4.5-19.2%
电子设备、器具及家具 3-10 年 4-10% 9.0-32.0%
营运车辆 4-10 年 4-10% 9.0-24.0%
其他运输设备 5-10 年 4-10% 9.0-19.2%
酒店改造 5年 - 20.0%
预计净残值是指假定固定资产预计使用寿命已满并处于使用寿命终了时的预期状态，本集团目前从该项
资产处置中获得的扣除预计处置费用后的金额。
16
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(二) 公司主要会计政策及会计估计 - 续
14、固定资产 - 续
14.3 固定资产的减值测试方法及减值准备计提方法
本集团在每一个资产负债表日检查固定资产是否存在可能发生减值的迹象。如果该资产存在减值迹象，
则估计其可收回金额。估计资产的可收回金额以单项资产为基础，如果难以对单项资产的可收回金额进
行估计的，则以该资产所属的资产组为基础确定资产组的可收回金额。如果资产或资产组的可收回金额
低于其账面价值，按其差额计提资产减值准备，并计入当期损益。
固定资产减值损失一经确认，在以后会计期间不予转回。
14.4 其他说明
本集团至少于年度终了对固定资产的使用寿命、预计净残值和折旧方法进行复核，如发生改变则作为会
计估计变更处理。
当固定资产处于处置状态或预期通过使用或处置不能产生经济利益时，终止确认该固定资产。固定资产
出售、转让、报废或毁损的处置收入扣除其账面价值和相关税费后的差额计入当期损益。
15、在建工程
在建工程按实际成本计量﹐实际成本包括在建期间发生的各项工程支出以及其他相关费用等。在建工程
不计提折旧。在建工程在达到预定可使用状态后结转为固定资产。
本集团在每一个资产负债表日检查在建工程是否存在可能发生减值的迹象。如果该资产存在减值迹象，
则估计其可收回金额。估计资产的可收回金额以单项资产为基础，如果难以对单项资产的可收回金额进
行估计的，则以该资产所属的资产组为基础确定资产组的可收回金额。如果资产或资产组的可收回金额
低于其账面价值，按其差额计提资产减值准备，并计入当期损益。
在建工程减值损失一经确认，在以后会计期间不予转回。
16、借款费用
可直接归属于符合资本化条件的资产的购建或者生产的借款费用，在资产支出已经发生、借款费用已经
发生、为使资产达到预定可使用或可销售状态所必要的购建或生产活动已经开始时，开始资本化；当构
建或者生产的符合资本化条件的资产达到预定可使用状态或者可销售状态时，停止资本化。如果符合资
本化条件的资产在购建或生产过程中发生非正常中断、并且中断时间连续超过 3 个月的，暂停借款费用
的资本化，直至资产的购建或生产活动重新开始。其余借款费用在发生当期确认为费用。
专门借款当期实际发生的利息费用，减去尚未动用的借款资金存入银行取得的利息收入或进行暂时性投
资取得的投资收益后的金额予以资本化；一般借款根据累计资产支出超过专门借款部分的资产支出加权
平均数乘以所占用一般借款的资本化率，确定资本化金额。资本化率根据一般借款的加权平均利率计算
确定。
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上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(二) 公司主要会计政策及会计估计 - 续
17、无形资产
17.1 无形资产
无形资产包括土地使用权、出租车营运牌照等。
无形资产按成本进行初始计量。使用寿命有限的无形资产自可供使用时起，对其原值减去计提的减值准
备累计金额在其预计使用寿命内采用直线法分期平均摊销。使用寿命不确定的无形资产不予摊销。
期末，对使用寿命有限的无形资产的使用寿命和摊销方法进行复核，必要时进行调整。
17.2 无形资产的减值测试方法及减值准备计提方法
本集团在每一个资产负债表日检查使用寿命确定的无形资产是否存在可能发生减值的迹象。如果该等资
产存在减值迹象，则估计其可收回金额。估计资产的可收回金额以单项资产为基础，如果难以对单项资
产的可收回金额进行估计的，则以该资产所属的资产组为基础确定资产组的可收回金额。如果资产的可
收回金额低于其账面价值，按其差额计提资产减值准备，并计入当期损益。
使用寿命不确定的无形资产和尚未达到可使用状态的无形资产，无论是否存在减值迹象，每年均进行减
值测试。
无形资产减值损失一经确认，在以后会计期间不予转回。
18、长期待摊费用
长期待摊费用为已经发生但应由本期和以后各期负担的分摊期限在一年以上的各项费用。长期待摊费用
在预计受益期间分期平均摊销。
19、收入
19.1 商品销售收入
在已将商品所有权上的主要风险和报酬转移给买方，既没有保留通常与所有权相联系的继续管理权，也
没有对已售商品实施有效控制，收入的金额能够可靠地计量，相关的经济利益很可能流入企业，相关的
已发生或将发生的成本能够可靠地计量时，确认商品销售收入的实现。
19.2 提供劳务收入
在提供劳务收入的金额能够可靠地计量，相关的经济利益很可能流入企业，交易的完工程度能够可靠地
确定，交易中已发生和将发生的成本能够可靠地计量时，确认提供劳务收入的实现。本集团于资产负债
表日按照完工百分比法确认提供的劳务收入。劳务交易的完工进度按已经提供的劳务占应提供劳务总量
的比例确定。
如果提供劳务交易的结果不能够可靠估计，则按已经发生并预计能够得到补偿的劳务成本金额确认提供
的劳务收入，并将已发生的劳务成本作为当期费用。已经发生的劳务成本如预计不能得到补偿的，则不
确认收入。
18
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(二) 公司主要会计政策及会计估计 - 续
20、政府补助
政府补助是指本集团从政府无偿取得货币性资产和非货币性资产。政府补助在能够满足政府补助所附条
件且能够收到时予以确认。
政府补助为货币性资产的，按照收到或应收的金额计量。政府补助为非货币性资产的，按照公允价值计
量；公允价值不能够可靠取得的，按照名义金额计量。按照名义金额计量的政府补助，直接计入当期损
益。
与资产相关的政府补助，确认为递延收益，并在相关资产的使用寿命内平均分配计入当期损益。
与收益相关的政府补助，用于补偿以后期间的相关费用和损失的，确认为递延收益，并在确认相关费用
的期间计入当期损益；用于补偿已经发生的相关费用和损失的，直接计入当期损益。
因公共利益进行搬迁而收到的搬迁补偿
本集团因城镇整体规划等公共利益进行搬迁，收到政府从财政预算直接拨付的搬迁补偿款，作为专项应
付款处理。其中，属于对企业在搬迁和重建过程中发生的固定资产和无形资产损失、有关费用性支出、
停工损失及搬迁后拟新建资产进行补偿的，自专项应付款转入递延收益，并根据其性质按照与资产相关
的政府补助和与收益相关的政府补助核算，取得的搬迁补偿款扣除转入递延收益的金额后如有结余的，
确认为资本公积。
21、所得税
所得税费用包括当期所得税和递延所得税。
21.1 当期所得税
资产负债表日，对于当期和以前期间形成的当期所得税负债(或资产)，以按照税法规定计算的预期应交
纳(或返还)的所得税金额计量。
21.2 递延所得税资产及递延所得税负债
对于某些资产、负债项目的账面价值与其计税基础之间的差额，以及未作为资产和负债确认但按照税法
规定可以确定其计税基础的项目的账面价值与计税基础之间的差额产生的暂时性差异，采用资产负债表
债务法确认递延所得税资产及递延所得税负债。
一般情况下所有暂时性差异均确认相关的递延所得税。但对于可抵扣暂时性差异，本集团以很可能取得
用来抵扣可抵扣暂时性差异的应纳税所得额为限，确认相关的递延所得税资产。此外，与商誉的初始确
认相关的，以及与既不是企业合并、发生时也不影响会计利润和应纳税所得额(或可抵扣亏损)的交易中
产生的资产或负债的初始确认有关的暂时性差异，不予确认有关的递延所得税资产或负债。
对于能够结转以后年度的可抵扣亏损及税款抵减，以很可能获得用来抵扣可抵扣亏损和税款抵减的未来
应纳税所得额为限，确认相应的递延所得税资产。
本集团确认与子公司、联营企业及合营企业投资相关的应纳税暂时性差异产生的递延所得税负债，除非
本集团能够控制暂时性差异转回的时间，而且该暂时性差异在可预见的未来很可能不会转回。对于与子
公司、联营企业及合营企业投资相关的可抵扣暂时性差异，只有当暂时性差异在可预见的未来很可能转
回，且未来很可能获得用来抵扣可抵扣暂时性差异的应纳税所得额时，本集团才确认递延所得税资产。
资产负债表日，对于递延所得税资产和递延所得税负债，根据税法规定，按照预期收回相关资产或清偿
相关负债期间的适用税率计量。
19
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(二) 公司主要会计政策及会计估计 - 续
21、所得税 - 续
21.2 递延所得税资产及递延所得税负债 - 续
除与直接计入其他综合收益或股东权益的交易和事项相关的当期所得税和递延所得税计入其他综合收益
或股东权益，以及企业合并产生的递延所得税调整商誉的账面价值外，其余当期所得税和递延所得税费
用或收益计入当期损益。
资产负债表日，对递延所得税资产的账面价值进行复核，如果未来很可能无法获得足够的应纳税所得额
用以抵扣递延所得税资产的利益，则减记递延所得税资产的账面价值。在很可能获得足够的应纳税所得
额时，减记的金额予以转回。
当拥有以净额结算的法定权利，且意图以净额结算或取得资产、清偿负债同时进行时，本集团当期所得
税资产及当期所得税负债以抵销后的净额列报。
当拥有以净额结算当期所得税资产及当期所得税负债的法定权利，且递延所得税资产及递延所得税负债
是与同一税收征管部门对同一纳税主体征收的所得税相关或者是对不同的纳税主体相关，但在未来每一
具有重要性的递延所得税资产及负债转回的期间内，涉及的纳税主体意图以净额结算当期所得税资产和
负债或是同时取得资产、清偿负债时，本集团递延所得税资产及递延所得税负债以抵销后的净额列报。
22、租赁
实质上转移了与资产所有权有关的全部风险和报酬的租赁为融资租赁。融资租赁以外的其他租赁为经营
租赁。
22.1 本集团作为承租人记录经营租赁业务
经营租赁的租金支出在租赁期内的各个期间按直线法计入相关资产成本或当期损益。初始直接费用计入
当期损益。或有租金于实际发生时计入当期损益。
22.2 本集团作为出租人记录经营租赁业务
经营租赁的租金收入在租赁期内的各个期间按直线法确认为当期损益。对金额较大的初始直接费用于发
生时予以资本化，在整个租赁期间内按照与确认租金收入相同的基础分期计入当期损益；其他金额较小
的初始直接费用于发生时计入当期损益。或有租金于实际发生时计入当期损益。
23、职工薪酬
除因解除与职工的劳动关系而给予的补偿外，本集团在职工提供服务的会计期间，将应付的职工薪酬确
认为负债。
本集团按规定参加由政府机构设立的职工社会保障体系，包括基本养老保险、医疗保险、住房公积金及
其他社会保障制度，相应的支出于发生时计入相关资产成本或当期损益。
在职工劳动合同到期之前解除与职工的劳动关系，或为鼓励职工自愿接受裁减而提出给予补偿的建议，
如果本集团已经制定正式的解除劳动关系计划或提出自愿裁减建议并即将实施，同时本集团不能单方面
撤回解除劳动关系计划或裁减建议的，确认因解除与职工劳动关系给予补偿产生的预计负债，并计入当
期损益。
20
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(二) 公司主要会计政策及会计估计 - 续
24、主要会计政策、会计估计的变更
本期本集团无对本集财务报表产生重大影响的会计政策、会计估计的变更。
25、运用会计政策过程中所作的重要判断及会计估计采用的关键假设及不确定因素
本集团在运用上述会计政策过程中，由于经营活动内在的不确定性，需要对无法准确计量的报表项目的
账面价值进行判断、估计和假设。这些判断、估计和假设是基于本集团管理层过去的历史经验，并在考
虑其他相关因素的基础上作出的。实际的结果可能与本集团的估计存在差异。
本集团对前述判断、估计和假设在持续经营的基础上进行定期复核，会计估计的变更仅影响变更当期
的，其影响数在变更当期予以确认；既影响变更当期又影响未来期间的，其影响数在变更当期和未来期
间予以确认。
- 会计估计所采用的关键假设和不确定因素
资产负债表日，会计估计中很可能导致未来期间资产、负债账面价值作出重大调整的关键假设和不确定
性主要有：
出租车营运牌照的使用寿命
本集团所拥有的出租车营运牌照并无使用年限限制，本集团管理层认为在可预见的将来该出租车营运牌
照均会使用并带给集团预期的经济利益流入，故其使用寿命是不确定的。管理层每年均对上述使用寿命
不确定的出租车营运牌照的使用寿命进行复核。
固定资产的预计使用寿命与预计净残值
本集团管理层负责评估确认固定资产的预计使用寿命与预计净残值。这项估计是将性质和功能类似的固
定资产过往的实际使用寿命与实际净残值作为基础。在固定资产使用过程中，其所处的经济环境，技术
环境以及其他环境有可能对固定资产使用寿命与预计净残值产生较大影响。如果固定资产使用寿命与净
残值的预计数与原先估计数有差异，本集团管理层将对其进行调整。
(三) 税项
1、主要税种及税率
税种 计税依据 税率
小型出租车按营运收入核定应纳增值税额 3%
仓储业务应纳增值税为销项税额减可抵扣进项税后的余额 6%
增值税
公路客运应纳增值税为销项税额减可抵扣进项税后的余额 11%
修理及汽车销售应纳增值税为销项税额减可抵扣进项税后的余额 17%
营业税 其他服务收入的营业税按应税服务收入 5%
企业所得税 应纳税所得额 25%
城市维护建设税 流转税额 7%
教育费附加 流转税额 3%
地方教育费附加 流转税额 2%
河道管理费 流转税额 1%
经国务院批准，财政部以及国家税务总局决定自 2012 年 1 月 1 日起，在上海市开展交通运输业和部分
现代服务业营业税改征增值税试点工作。本集团所涉及的交通运输业和现代服务业相关业务从 2012 年
1 月 1 日起由征收营业税改为征收增值税。
21
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(四) 企业合并及合并财务报表
1、子公司情况
(1)通过设立或投资等方式取得的子公司
人民币元
实质上构
成对子公 少数股东权益
司净投资 持股 中用于冲减少
子公司 期末实际 的其他项 比例 是否合 少数股东 数股东损益的
子公司全称 类型 注册地 法人代表 业务性质 注册资本 经营范围 出资额 目余额 (%) 表决权比例(%) 并报表 权益 金额
上海锦海捷亚物 有限责任公 上海 杨原平 服务业 80,000,000.00 国际、国内物流企业管理，国际、国 52,000,000.00 - 65 本集团享有的表
流管理有限公司 司(台港澳 内货运企业管理，货物技术进出口(不 决权比例与持股 是 97,364,626.61 11,951,990.81
与境内合 含分销业务)及相关信息管理，提供相 比例一致
资) 关服务咨询)(涉及行政许可的，凭许
可证经营)。
上海锦江国际低 有限责任公 上海 张国美 仓储业 83,338,235.00 仓储物流管理服务及相关业务咨询， 42,502,500.00 - 51 本集团享有的表
温物流发展有限 司 存货管理服务、货物运输代理管理， 决权比例与持股 是 64,686,093.53 2,107,032.02
公司(―低温物流‖) 商务信息咨询(除经纪)(涉及许可经营 比例一致
的凭许可证经营)。
上海尚海食品有 有限责任公 上海 丁志良 食品包装 25,000,000.00 批发：预包装食品(含冷冻冷藏，不含 25,000,000.00 - 100 本集团享有的表 - -
限公司(―尚海食 司 熟食卤味)。(涉及行政许可的，凭许 决权比例与持股 是
品‖) 可证经营) 比例一致
大连锦江汽车租 有限责任公 大连 沈正东 交通运输业 5,000,000.00 汽车租赁，通勤班车。 5,000,000.00 - 100 本集团享有的表 - -
赁有限公司 司 决权比例与持股 是
比例一致
上海锦江机动车 有限责任公 上海 余国富 交通运输业 5,000,000.00 普通机动车驾驶员培训。(涉及行政许 5,000,000.00 - 100 本集团享有的表 - -
驾驶员培训有限 司(国有控 可的，凭许可证经营) 决权比例与持股 是
公司 股) 比例一致
上海锦江亿马汽 有限责任公 上海 韩汇田 贸易 5,000,000.00 商用车、二手汽车、汽车配件、轮 5,000,000.00 - 100 本集团享有的表 - -
车销售服务有限 司 胎、润滑油、日用百货的销售，汽车 决权比例与持股 是
公司 清洗。(涉及行政许可的，凭许可证经 比例一致
营)
上海锦江通永汽 一人有限责 上海 徐伟杰 贸易 20,000,000.00 商用车及九座以上乘用车销售，二手 20,000,000.00 - 100 本集团享有的表 - -
车销售服务有限 任公司 汽车服务(除旧机动车鉴定评估)，汽 决权比例与持股 是
公司 车配件(除蓄电池)、润滑油、日用百 比例一致
货的销售，汽车清洗(涉及许可经营的
凭许可证经营)
上海锦江城市汽 一人有限责 上海 徐伟杰 贸易 13,000,000.00 商用车及九座以上乘用车销售，二手 13,000,000.00 - 100 本集团享有的表 - -
车销售服务有限 任公司 汽车服务(除旧机动车鉴定评估)，汽 决权比例与持股 是
公司 车配件(除蓄电池)、润滑油、日用百 比例一致
货的销售，汽车清洗(涉及许可经营的
凭许可证经营)
22
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(四) 企业合并及合并财务报表 - 续
1、子公司情况 - 续
(2)同一控制下企业合并取得的子公司
人民币元
少数股东权益
实质上构成对子 持股 中用于冲减少
期末实际 公司净投资的其 比例 是否合并 少数 数股东损益的
子公司全称 子公司类型 注册地 法人代表 业务性质 注册资本 经营范围 出资额 他项目余额 (%) 表决权比例(%) 报表 股东权益 金额
上海锦江汽
车服务有限 有限责任公司 上海 杨原平 交通运输业 338,486,272.11 大小客车出租服务，旅游，汽车修理，长 538,135,811.60 - 95 本集团享有的 是 46,955,620.76 2,529,321.49
公司(―锦江汽 途客运，汽车配件、客车租赁，房地产信 表决权比例与
车‖) 息咨询，附设分支机构，保险兼业代理。 持股比例一致
(以上涉及许可经营的凭许可证经营)。
上海浦东友
谊汽车服务 有限责任公司 上海 吴晓国 交通运输业 5,610,000.00 汽车客运，汽车修理，汽车配件的销售。 4,927,263.00 - 87.83 本集团享有的 是 2,588,336.35 61,197.30
有限责任公 (涉及许可经营的凭许可证经营)。 表决权比例与
司 持股比例一致
上海锦江汽 - -
车租赁有限 有限责任公司 上海 沈正东 租赁服务业 3,300,000.00 汽车租赁 3,300,000.00 - 100 本集团享有的 是
公司 表决权比例与
持股比例一致
上海嘉定锦
江汽车服务 有限责任公司 上海 余国富 交通运输业 5,000,000.00 出租汽车营运，汽车配件的批售，客车租 3,500,000.00 - 70 本集团享有的 是 2,306,648.15 92,975.22
有限公司 赁。(涉及行政许可的，凭许可证经营)。 表决权比例与
持股比例一致
上海中油锦
友油品经营 有限责任公司 上海 翁志雄 服务业 2,000,000.00 油气站开发(专项凭许可证)、服务，附设 3,800,000,00 - 76 本集团享有的 是 2,216,076.65 540,990.90
有限公司 市西分公司。 表决权比例与
持股比例一致
上海锦江商
旅汽车服务 股份有限公司 上海 戎平涛 交通运输业 70,000,000.00 大小客车出租服务，跨省市长途客运，汽 104,170,372.98 - 80 本集团享有的 是 27,794,796.38 2,343,648.66
股份有限公 (非上市公司) 车配件，汽车修理，机动车安检，以及相 表决权比例与
司(―锦江商 关业务的咨询服务。 持股比例一致
旅‖)
上海锦江太 - -
平洋客运服 有限责任公司 上海 戎平涛 交通运输业 2,000,000.00 跨省市旅客运输，代办跨省市客运业务 2,000,000.00 - 100 本集团享有的 是
务有限公司 等。 表决权比例与
持股比例一致
上海锦江高
速客运有限 有限责任公司 上海 许文忠 交通运输业 10,000,000.00 省际道路旅客运输、高速公路旅客运输， 10,000,000.00 - 100 本集团享有的 是 - -
公司 代办省际道路旅客运输、代办高速公路旅 表决权比例与
客运输等。 持股比例一致
上海商旅投
资咨询有限 一人有限责任 上海 戎平涛 咨询管理 16,000,000.00 投资咨询，企业管理咨询，商务信息咨 16,000,000.00 - 100 本集团享有的 是 - -
公司 公司(法人独 询，展览展示服务(除举办展览展示会)， 表决权比例与
资) 企业形象策划，市场营销策划。(涉及行政 持股比例一致
许可的，凭许可证经营)。
23
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(四) 企业合并及合并财务报表 - 续
1、 子公司情况 - 续
(2)同一控制下企业合并取得的子公司 – 续
人民币元
实质上构成 少数股东权益
对子公司净 中用于冲减少
期末实际 投资的其他 持股 是否合并 少数 数股东损益的
子公司全称 子公司类型 注册地 法人代表 业务性质 注册资本 经营范围 出资额 项目余额 比例(%) 表决权比例(%) 报表 股东权益 金额
上海锦佳汽
车贸易有限 有限责任公司 上海 施根昌 贸易 10,100,000.00 汽车(含小轿车)、摩托车及配件、机电设 10,100,000.00 - 100 本集团享有的 是 - -
公司 备、金属材料、化工原料及产品(除危险 表决权比例与
品)、建筑材料、五金交电、办公自动化设 持股比例一致
备、装潢材料、工艺品、日用百货的销售，
汽车内装潢。(涉及许可经营的凭许可证经
营)。
上海锦振电
子技术有限 有限责任公司 上海 余国富 服务业 800,000.00 计算机、通讯、电子技术领域内的科技咨 800,000.00 - 100 本集团享有的 是 - -
公司 询，技术开发、转让、服务，销售维修电子 表决权比例与
器材等。 持股比例一致
上海花样年
华广告有限 有限责任公司 上海 余国富 广告业 800,000.00 承接各类广告设计、制作；承办出租车辆国 640,000.00 - 80 本集团享有的 是 301,049.61 33,773.58
公司 内外广告发布 表决权比例与
持股比例一致
上海振星出
租汽车管理 有限责任公司 上海 吴晓国 管理 100,000.00 出租汽车个体工商户管理服务、汽车内部装 100,000.00 - 100 本集团享有的 是 - -
有限公司 饰(涉及许可经营的凭许可证经营)。 表决权比例与
持股比例一致
上海锦茂汽
车销售服务 有限责任公司 上海 龚文凯 贸易 10,200,000.00 东风日产品牌汽车的销售，汽车配件，日用 5,100,000.00 - 50 >50% 是 7,553,960.44 1,371,460.53
有限公司 百货；汽车修理(一类)，汽车内装饰。(涉及 (注 1)
行政许可的，凭许可证经营)。
上海锦江丰 5,909,682.90 8,619.39
田汽车销售 有限责任公司 上海 华庆建 贸易 10,000,000.00 汽车、品牌轿车销售及售后服务、汽车维 7,000,000.00 - 70 本集团享有的 是
服务有限公 修、汽车内装潢、汽车技术信息服务，汽车 表决权比例与
司 配件的销售，二手车经销。(涉及行政许可 持股比例一致
的，凭许可证经营)。
上海津悦汽
车咨询服务 有限责任公司 上海 丁跃华 咨询管理 300,000.00 汽车咨询服务。汽车配件，装饰材料(除危 300,000.00 - 100 本集团享有的 是 - -
有限公司 险品)零售。(涉及许可经营的凭许可证经 表决权比例与
营)。 持股比例一致
上海丰田汽
车维修有限 有限责任公司 上海 丁跃华 服务业 850,000.00 汽车修理、汽车零部件销售。(涉及行政许 850,000.00 - 100 本集团享有的 是 - -
公司 可的，凭许可证经营)。 表决权比例与
持股比例一致
24
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(四) 企业合并及合并财务报表 -续
1、子公司情况 - 续
(2)同一控制下企业合并取得的子公司 -续
人民币元
实质上构成 少数股东权
对子公司净 益中用于冲
期末实际 投资的其他 持股 是否合并 减少数股东
子公司全称 子公司类型 注册地 法人代表 业务性质 注册资本 经营范围 出资额 项目余额 比例(%) 表决权比例(%) 报表 少数股东权益 损益的金额
上海锦用汽车 有限责任公司 上海 韩汇田 服务业
维修服务有限 10,000,000.00 二类汽车维修(小型车辆维修)，汽车装潢， 8,000,000.00 - 80 本集团享有的 是 2,014,925.53 2,024.99
公司 汽车配件的销售，汽车技术专业领域内的技 表决权比例与
术开发、技术咨询、技术服务、技术转让。 持股比例一致
(涉及行政许可的，凭行政许可证经营)。
上海吴泾冷藏 一人有限责任 上海 何为光 仓储业
有限公司 公司(法人独资) 50,000,000.00 储运：食品(不含熟食)，货物储运，代客理 96,400,305.12 - 100 本集团享有的 是 - -
货中转，商务信息咨询(除经纪)，(涉及行政 表决权比例与
许可的凭许可证经营)。 持股比例一致
上海吴淞罗吉 一人有限责任 上海 岑建荣 交通运
冷藏有限公司 公司(法人独资) 输、仓储 8,250,000.00 道路货物运输(本单位普通货物)：在港区内 8,250,000.00 - 100 本集团享有的 是 - -
业 从事货物装卸、仓储经营；储运(含冷冻(冷 表决权比例与
藏)食品)；五金加工；货物存储；本单位空 持股比例一致
余场地出租。
上海南浦大桥 有限责任公司 上海 丁志良 管理
食品批发交易 300,000.00 为本市场内农副产品商品经营者提供市场管 300,000.00 - 100 本集团享有的 是 - -
市场经营管理 理服务。(以上范围涉及许可经营的凭许可 表决权比例与
有限公司 证经营)。 持股比例一致
(3)非同一控制下企业合并取得的子公司
人民币元
实质上构成 少数股东权
对子公司净 益中用于冲
期末实际 投资的其他 持股 是否合并 减少数股东
子公司全称 子公司类型 注册地 法人代表 业务性质 注册资本 经营范围 出资额 项目余额 比例(%) 表决权比例(%) 报表 少数股东权益 损益的金额
上海锦江耀华 - -
出租汽车有限 一人有限责任 上海 余国富 交通运输 2,220,000.00 客运服务，停车站，汽车配件、日用百货销 10,262,906.00 - 100 本集团享有的 是
公司 公司(法人独 业 售(涉及许可经营的凭许可证经营) 表决权比例与
资) 持股比例一致
注 1：根据该子公司章程规定，本集团享有表决权比例过半数。
25
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(五) 合并财务报表项目注释
1、货币资金
人民币元
2012 年 6 月 30 日 年初数
项目 外币金额 折算率 人民币金额 外币金额 折算率 人民币金额
现金：
人民币 884,642.13 1.0000 884,642.13 700,264.46 1.0000 700,264.46
银行存款：
人民币 699,739,752.15 1.0000 699,739,752.15 615,990,049.93 1.0000 615,990,049.93
美元 - - - 325.03 6.3009 2,047.98
合计 -- -- 700,624,394.28 -- -- 616,692,362.37
2、交易性金融资产
交易性金融资产明细如下： 人民币元
项目 2012 年 6 月 30 日 年初
公允价值 公允价值
交易性权益工具 830,034.50 848,726.50
合计 830,034.50 848,726.50
本集团采用活跃市场中的报价确定交易性金融资产的公允价值。
3、应收票据
应收票据分类： 人民币元
种类 2012 年 6 月 30 日 年初数
银行承兑汇票 - 1,000,000.00
合计 - 1,000,000.00
4、应收账款
(1)应收账款按种类披露：
本集团将金额为人民币 1,000 万元以上的应收账款确认为单项金额重大的应收账款。本期末应收账款按
种类划分，均为单项金额虽不重大但单项计提坏账准备的应收账款。
(2)应收账款账龄分析如下： 人民币元
2012 年 6 月 30 日 年初数
比例 比例
账龄 金额 (%) 坏账准备 账面价值 金额 (%) 坏账准备 账面价值
1 年以内 60,808,176.89 100.00 (499,824.23) 60,308,352.66 39,274,086.84 100 (499,824.23) 38,774,262.61
合计 60,808,176.89 100.00 (499,824.23) 60,308,352.66 39,274,086.84 100 (499,824.23) 38,774,262.61
(3)本期内应收款坏账准备变动如下： 人民币元
项目 年初数 本期计提额 本期转回额 本期转销额 2012 年 6 月 30 日
单项金额虽不重大但单项计
499,824.23 - - - 499,824.23
提坏账准备的应收账款
合计 499,824.23 - - - 499,824.23
(4)本期末应收账款中无持有公司 5%(含 5%)以上表决权股份的股东单位款项。
26
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
4、应收账款- 续
(5)应收账款金额前五名单位情况 人民币元
占应收账款总额
单位名称 与本公司关系 金额 年限 的比例(%)
客户一 第三方 3,480,451.92 1 年以内 6%
客户二 第三方 1,959,911.32 1 年以内 3%
客户三 第三方 1,065,647.18 1 年以内 2%
客户四 第三方 1,058,356.20 1 年以内 2%
客户五 第三方 986,725.52 1 年以内 1%
合计 -- 8,551,092.14 -- 14%
(6)应收关联方账款情况
应收关联方账款情况详见附注(六)6。
5、其他应收款
(1) 其他应收款按种类披露：
本集团将金额为人民币 1,000 万元以上的其他应收款确认为单项金额重大的其他应收款。本期末其他
应收款按种类划分，均为单项金额虽不重大但单项计提坏账准备的其他应收款。
(2)其他应收款账龄分析如下： 人民币元
2012 年 6 月 30 日 年初数
比例 比例
账龄 金额 (%) 坏账准备 账面价值 金额 (%) 坏账准备 账面价值
1 年以内 41,578,151.00 96 (3,220.55) 41,574,930.45 32,640,423.96 91 (3,220.55) 32,637,203.41
1至2年 610,006.85 2 - 610,006.85 2,204,236.93 6 - 2,204,236.93
2至3年 456,055.56 1 - 456,055.56 818,101.21 2 - 818,101.21
3 年以上 45,300.00 1 - 45,300.00 113,965.35 1 - 113,965.35
合计 42,689,513.41 100 (3,220.55) 42,686,292.86 35,776,727.45 100 (3,220.55) 35,773,506.90
(3)本期内其他应收款坏账准备变动如下： 人民币元
项目 年初数 本期计提额 本期转回额 本期转销额 2012 年 6 月 30 日
单项金额虽不重大但单项计提
3,220.55 - - - 3,220.55
坏账准备的其他应收款
合计 3,220.55 - - - 3,220.55
(4)本期末其他应收款中无持有公司 5%(含 5%)以上表决权股份的股东单位款项。
(5)其他应收款金额前五名单位情况 人民币元
与本公司 占其他应收款
单位名称 关系 金额 年限 总额的比例(%)
上海锦江汽车销售服务有限公司 联营企业 8,434,172.49 1 年以内 20
上海锦江佳友汽车服务有限公司 合营企业 1,435,328.84 1 年以内 3
单位三 第三方 675,000.00 1 年以内 2
单位四 第三方 596,000.00 1 年以内 1
单位五 第三方 487,600.00 1 年以内 1
合计 -- 11,628,101.33 -- 27
(6)应收关联方款项
应收关联方账款情况详见附注(六)6。
27
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
6、预付款项
(1)预付款项按账龄分析如下： 人民币元
账龄 2012 年 6 月 30 日 年初数
金额 比例(%) 金额 比例(%)
1 年以内 40,825,638.85 100 41,701,124.48 100
合计 40,825,638.85 100 41,701,124.48 100
(2)预付款项金额前五名单位情况 人民币元
与本公司
单位名称 金额 时间 未结算原因
关系
供应商一 第三方 8,983,731.04 1 年以内 购车款
供应商二 第三方 4,993,100.00 1 年以内 购车款
供应商三 第三方 4,660,000.00 1 年以内 购车款
供应商四 第三方 3,127,484.18 1 年以内 预付购油款
供应商五 第三方 2,400,363.25 1 年以内 预付购油款
合计 -- 24,164,678.47 -- --
(3)本期末预付款项中无持有公司 5%(含 5%)以上表决权股份的股东单位款项。
7、应收股利
人民币元
项目 年初数 本期增加 本期减少 2012 年 6 月 30 日
账龄一年以内的应收股利
其中：⑴上海大众新亚出租汽车有限公司 - 7,586,793.97 - 7,586,793.97
⑵锦海捷亚国际货运有限公司 - 16,500,000.00 (16,500,000.00) -
⑶上海万国机动车驾驶员培训中心 - 6,794,213.21 (6,794,213.21) -
⑷上海市机动车驾驶员培训中心 - 3,500,000.00 (3,500,000.00) -
⑸上海振东汽车服务有限公司 - 3,379,475.92 (3,379,475.92) -
⑹上海锦江佳友汽车服务有限公司 - 205,078.81 (205,078.81) -
⑺上海锦江佘山汽车服务有限公司 - 651,367.86 (651,367.86) -
⑻江苏南京长途汽车客运集团有限责任公司 - 3,542,000.00 (3,542,000.00) -
⑼上海锦江客运有限公司 - 2,384,404.87 (2,384,404.87) -
⑽上海锦江汽车销售服务有限公司 - 1,353,064.53 (1,353,064.53) -
（11）上海浦东国际机场货运站有限公司 - 85,206,668.37 - 85,206,668.37
合计 - 131,103,067.54 (38,309,605.20) 92,793,462.34
8、存货
存货分类如下： 人民币元
2012 年 6 月 30 日 年初数
项目 账面余额 跌价准备 账面价值 账面余额 跌价准备 账面价值
库存商品 89,332,815.28 - 89,332,815.28 57,430,664.80 - 57,430,664.80
备品备件 10,867,928.34 - 10,867,928.34 11,138,335.26 - 11,138,335.26
物料用品 652,073.80 - 652,073.80 1,017,461.61 - 1,017,461.61
食品饮料及其他 572,092.71 - 572,092.71 1,651,247.94 - 1,651,247.94
合计 101,424,910.13 - 101,424,910.13 71,237,709.61 - 71,237,709.61
9、一年内到期的非流动资产
人民币元
项目 2012 年 6 月 30 日 年初数
一年内到期的应收长期垫付款(注) 4,230,667.23 4,230,667.23
注：应收长期垫付款情况详见附注(五)19 注 2。
28
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
10、长期股权投资
(1)对合营企业投资和联营企业投资
人民币元
本企业 本企业在被投 2012 年 6 月 30 日
本期营业 本期
被投资单位名称 企业类型 注册地 法人代表 业务性质 注册资本 持股比例 资单位
资产总额 负债总额 净资产总额 收入总额 净利润(亏损)
(%) 表决权比例(%)
一、合营企业
上海振东汽车服务有限公司 中外合资 上海 朱明华 交通运输业 7,900,000.00 美元 50 与持股比例一致 78,212,623.43 10,831,234.85 67,381,388.58 18,401,404.85 2,140,903.63
上海金茂锦江汽车服务有限公司 有限责任公司 上海 吴林 交通运输业 22,000,000.00 50 与持股比例一致 77,213,131.41 17,785,516.37 59,427,615.04 20,325,244.41 2,114,427.20
上海大众新亚出租汽车有限公司 有限责任公司 上海 戎平涛 交通运输业 30,000,000.00 49.50 50 204,337,249.43 51,809,312.58 152,527,936.85 54,699,799.55 8,595,887.13
锦海捷亚国际货运有限公司 中外合资 上海 杨原平 交通运输业 10,000,000.00 美元 50 与持股比例一致 554,137,149.27 343,170,401.37 210,966,747.90 1,171,126,384.33 9,974,064.39
上海锦江佳友汽车服务有限公司 有限责任公司 上海 余国富 交通运输业 24,700,000.00 50 与持股比例一致 75,012,819.35 19,539,533.06 55,473,286.29 24,233,735.97 1,463,966.89
上海市机动车驾驶员培训中心 国有联营企业 上海 徐树仁 服务业 4,340,000.00 33.33 与持股比例一致 160,508,269.81 31,754,140.00 128,754,129.81 39,812,738.00 9,793,069.27
上海锦江佘山汽车服务有限公司 有限责任公司 上海 马崎峰 交通运输业 1,000,000.00 50 与持股比例一致 18,973,042.11 6,130,782.84 12,842,259.27 6,741,710.75 672,342.51
上海石油集团长乐加油站有限公司 有限责任公司 上海 王志强 服务业 300,000.00 50 与持股比例一致 3,058,111.50 567,221.38 2,490,890.12 17,028,548.99 202,186.86
国有与集体联
上海万国机动车驾驶员培训中心 上海 张跃华 交通运输业 20,000,000.00 50 与持股比例一致 66,653,744.99 11,718,455.21 54,935,289.78 15,981,370.98 1,416,144.79
营企业
上海日产汽车维修中心 国有联营企业 上海 张建华 交通运输业 2,918,000.00 50 与持股比例一致 14,305,318.06 4,514,962.67 9,790,355.39 2,478,353.49 257,666.60
上海永达二手机动车经营有限公司 有限责任公司 上海 韩汇田 贸易 9,000,000.00 50 与持股比例一致 7,989,034.39 5.35 7,989,029.04 600.00 (767.03)
二、联营企业
江苏南京长途汽车客运集团有限责任
有限责任公司 南京 田吉人 交通运输业 110,000,000.00 23 与持股比例一致 1,033,418,612.97 701,695,495.48 331,723,117.49 277,194,310.56 12,734,984.40
公司
上海浦东国际机场货运站有限公司 中外合资 上海 陈龙 交通运输业 311,610,000.00 20 与持股比例一致 1,380,647,732.67 519,675,222.93 860,972,509.74 362,597,704.08 170,803,220.50
上海永达风度汽车销售服务有限公司 有限责任公司 上海 朱建华 贸易 15,000,000.00 40 与持股比例一致 60,094,806.23 44,154,694.04 15,940,112.19 131,783,750.36 (4,090,683.25)
上海锦江客运有限公司 有限责任公司 上海 华庆建 交通运输业 10,000,000.00 30 与持股比例一致 31,509,978.06 13,045,455.32 18,464,522.74 9,705,085.27 2,468,452.38
上海锦江汽车销售服务有限公司 有限责任公司 上海 袁哲宁 贸易 5,000,000.00 30 与持股比例一致 25,684,759.61 16,727,454.40 8,957,305.21 85,773,427.16 1,313,709.33
29
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
10、长期股权投资 - 续
(2)长期股权投资明细如下：
人民币元
在被投资单
在被投资 本期
在被投资单 位持股比例
核算 单位 计提 本期
被投资单位 投资成本 年初余额 增减变动 2012年 6月 30日 位表决权比 与表决权比 减值准备
方法 持股比例 减值 现金红利
例(%) 例不一致的
(%) 准备
说明
合营企业：
上海日产汽车维修中心 权益法 5,643,011.57 5,511,673.55 116,521.23 5,628,194.78 50 与持股比例一致 - - -
上海万国机动车驾驶员培训中心 权益法 42,105,806.17 39,536,205.23 (6,894,237.67) 32,641,967.56 50 与持股比例一致 - - 6,794,213.21
上海市机动车驾驶员培训中心 权益法 33,105,611.21 35,599,657.21 (235,970.02) 35,363,687.19 33.33 与持股比例一致 - - 3,500,000.00
上海振东汽车服务有限公司 权益法 21,211,895.00 36,151,202.64 (2,460,508.24) 33,690,694.40 50 与持股比例一致 - - 3,379,475.92
上海金茂锦江汽车服务有限公司 权益法 16,940,000.00 28,642,945.79 1,057,670.55 29,700,616.34 50 与持股比例一致 - - -
上海大众新亚出租汽车有限公司 权益法 84,628,129.42 97,013,337.15 (3,140,980.54) 93,872,356.61 49.5 50 注 - - 7,586,793.97
锦海捷亚国际货运有限公司 权益法 40,254,477.70 117,369,579.00 (11,512,967.80) 105,856,611.20 50 与持股比例一致 - - 16,500,000.00
上海永达二手机动车经营有限公司 权益法 4,500,000.00 3,994,897.96 (292.78) 3,994,605.18 50 与持股比例一致 - - -
上海锦江佳友汽车服务有限公司 权益法 14,614,900.00 27,107,199.17 526,904.65 27,634,103.82 50 与持股比例一致 - - 205,078.81
上海锦江佘山汽车服务有限公司 权益法 500,000.00 6,736,326.42 (315,196.59) 6,421,129.83 50 与持股比例一致 - - 651,367.86
上海石油集团长乐加油站有限公司 权益法 150,000.00 1,129,351.80 101,093.44 1,230,445.24 50 与持股比例一致 - - -
联营企业：
江苏南京长途汽车客运集团有限责任公司 权益法 25,300,000.00 42,929,480.84 252,339.82 43,181,820.66 23 与持股比例一致 - - 3,542,000.00
上海浦东国际机场货运站有限公司 权益法 63,130,065.07 227,330,186.68 (51,046,024.27) 176,284,162.41 20 与持股比例一致 - - 85,206,668.37
上海永达风度汽车销售服务有限公司 权益法 6,000,000.00 7,565,129.48 (1,189,084.61) 6,376,044.87 40 与持股比例一致 - - -
上海锦江客运有限公司 权益法 3,000,000.00 7,183,226.03 (1,643,869.15) 5,539,356.88 30 与持股比例一致 - - 2,384,404.87
上海锦江汽车销售服务有限公司 权益法 1,500,000.00 3,701,328.91 (958,951.73) 2,742,377.18 30 与持股比例一致 - - 1,353,064.53
其他股权投资：
上海寰球纸制品有限公司 成本法 746,253.00 746,253.00 - 746,253.00 10 与持股比例一致 746,253.00 - -
国泰君安证券股份有限公司 成本法 62,912,955.76 47,649,967.00 15,262,988.76 62,912,955.76 <5 与持股比例一致 - - -
国泰君安投资管理股份有限公司 成本法 31,974,279.24 31,974,279.24 - 31,974,279.24 <5 与持股比例一致 2,500,000.00 - -
上海国嘉实业股份有限公司 成本法 650,000.00 650,000.00 - 650,000.00 <5 与持股比例一致 650,000.00 - -
山东国泰股份有限公司 成本法 555,000.00 555,000.00 - 555,000.00 <5 与持股比例一致 555,000.00 - -
上海南站长途客运有限公司 成本法 7,500,000.00 7,500,000.00 - 7,500,000.00 10 与持股比例一致 - - 1,076,073.79
上海新世纪运输有限公司 成本法 2,240,000.00 2,240,000.00 - 2,240,000.00 11.2 与持股比例一致 - - -
天津华联商厦股份有限公司 成本法 468,000.00 468,000.00 - 468,000.00 <5 与持股比例一致 468,000.00 - -
合计 -- 469,630,384.14 779,285,227.10 (62,080,564.95) 717,204,662.15 -- -- -- 4,919,253.00 - 132,179,141.33
注：根据公司章程，本集团对上海大众新亚出租汽车有限公司的表决权比例为 50%。
30
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
11、其他流动资产
人民币元
项目 2012 年 6 月 30 日 年初数
持有待售之长期资产 - 2,832,400.43
其中：固定资产 - 2,832,400.43
合计 - 2,832,400.43
12、可供出售金融资产
人民币元
项目 2012 年 6 月 30 日 年初
公允价值 公允价值
可供出售权益工具 77,032,324.87 79,313,107.86
本集团将上述权益工具指定为可供出售金融资产，本期末公允价值参照上海证券交易所和深圳证券交易
所于 2012 年 6 月 29 日之收盘价确定。
13、投资性房地产
(1)按成本计量的投资性房地产
人民币元
项目 年初数 本期增加 本期减少 2012 年 6月 30日
一、账面原值合计 40,148,721.51 - - 40,148,721.51
1.房屋及建筑物 27,201,946.71 - - 27,201,946.71
2.土地使用权 12,946,774.80 - - 12,946,774.80
二、累计折旧和累计摊销合计 6,598,163.41 385,879.62 - 6,984,043.03
1.房屋及建筑物 5,296,391.89 255,525.12 - 5,551,917.01
2.土地使用权 1,301,771.52 130,354.50 - 1,432,126.02
三、投资性房地产账面净值合计 33,550,558.10 33,164,678.48
1.房屋及建筑物 21,905,554.82 21,650,029.70
2.土地使用权 11,645,003.28 11,514,648.78
四、投资性房地产减值准备累计金额合
- - - -
计
1.房屋及建筑物 - - - -
2.土地使用权 - - - -
五、投资性房地产账面价值合计 33,550,558.10 33,164,678.48
1.房屋及建筑物 21,905,554.82 21,650,029.70
2.土地使用权 11,645,003.28 11,514,648.78
本期投资性房地产折旧和摊销额为人民币 385,879.62 元。
(2)未办妥产权证书的投资性房地产情况
于 2012 年 6 月 30 日，子公司尚海食品净值为人民币 1,337,874.99 元(年初数：人民币 1,360,806.75 元)的
投资性房地产产权证明尚未更新，产权人为上海锦江国际低温物流发展有限公司。具体情况如下：
人民币元
项目 金额 未办妥产权证书原因 预计办结产权证书时间
尚海食品云台路 115 号 18 层房屋建筑物 1,337,874.99 更新手续尚未完成 --
31
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
14、固定资产
(1)固定资产情况
人民币元
项目 年初余额 本期增加 本期减少 2012 年 6 月 30日
一、账面原值合计： 2,003,819,511.28 114,358,768.57 (132,684,685.14) 1,985,493,594.71
其中：房屋及建筑物 278,035,493.10 510,768.89 - 278,546,261.99
机器设备 62,751,612.84 1,582,100.00 (1,927,257.61) 62,406,455.23
电子设备、器具及家具 25,997,963.90 3,209,102.46 (510,816.18) 28,696,250.18
营运车辆 1,622,776,284.68 105,495,537.40 (130,246,611.35) 1,598,025,210.73
其他运输设备 10,231,088.45 3,561,259.82 - 13,792,348.27
酒店改造 4,027,068.31 - - 4,027,068.31
二、累计折旧合计： 989,114,210.56 126,989,820.38 (95,959,973.62) 1,020,144,057.32
其中：房屋及建筑物 70,405,989.93 5,593,826.78 - 75,999,816.71
机器设备 28,450,407.07 1,918,249.05 (1,886,183.96) 28,482,472.16
电子设备、器具及家具 20,868,835.73 1,206,196.86 (347,376.60) 21,727,655.99
营运车辆 859,706,127.35 117,207,199.48 (93,726,413.06) 883,186,913.77
其他运输设备 6,201,700.12 874,518.67 - 7,076,218.79
酒店改造 3,481,150.36 189,829.54 - 3,670,979.90
三、固定资产账面净值合计 1,014,705,300.72 965,349,537.39
其中：房屋及建筑物 207,629,503.17 202,546,445.28
机器设备 34,301,205.77 33,923,983.07
电子设备、器具及家具 5,129,128.17 6,968,594.19
营运车辆 763,070,157.33 714,838,296.96
其他运输设备 4,029,388.33 6,716,129.48
酒店改造 545,917.95 356,088.41
四、减值准备合计 2,084,666.73 - - 2,084,666.73
其中：房屋及建筑物 1,980,444.87 - - 1,980,444.87
机器设备 74,549.59 - - 74,549.59
电子设备、器具及家具 29,672.27 - - 29,672.27
营运车辆 - - - -
其他运输设备 - - - -
酒店改造 - - - -
五、固定资产账面价值合计 1,012,620,633.99 963,264,870.66
其中：房屋及建筑物 205,649,058.30 200,566,000.41
机器设备 34,226,656.18 33,849,433.48
电子设备、器具及家具 5,099,455.90 6,938,921.92
营运车辆 763,070,157.33 714,838,296.96
其他运输设备 4,029,388.33 6,716,129.48
酒店改造 545,917.95 356,088.41
于 2012 年 6 月 30 日，无固定资产所有权受到限制。
32
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
14、固定资产 - 续
(2)未办妥产权证书的固定资产情况
于 2012 年 6 月 30 日，子公司锦江汽车净值为人民币 84,534,827.74 元(年初数：人民币 87,044,607.28 元)
的房屋及建筑物尚未办理产权证明；子公司尚海食品净值为人民币 4,870,500.52 元(年初数：人民币
4,945,595.93 元)的房屋及建筑物产权证明尚未更新。具体情况如下：
人民币元
项目 金额 未办妥产权证书原因 预计办结产权
证书时间
锦江汽车吴中路 100 号房屋建筑物 75,383,046.95 该建筑物所在土地系向 --
锦江国际经营租赁所得
锦江汽车吴中路 88 号房屋建筑物 4,237,222.48 该建筑物所在土地系向 --
锦江国际经营租赁所得
锦江汽车宋园路 177 号房屋建筑物 4,914,558.31 该建筑物所在土地系向 --
锦江国际经营租赁所得
尚海食品外马路 1218 号及其他房 4,870,500.52 该建筑物所在土地系划 --
屋建筑物 拨土地
固定资产说明：
(1) 账面原值本期增加中，因购置而增加人民币 113,756,301.53 元，因在建工程转入而增加人民币
602,467.04 元；
(2) 账面原值本期减少系因处置而减少；
(3) 累计折旧本期增加系因计提而增加；
(4) 累计折旧本期减少系因处置而减少。
15、在建工程
(1)在建工程明细如下：
人民币元
项目 2012 年 6 月 30 日 年初数
账面余额 减值准备 账面净值 账面余额 减值准备 账面净值
其他 5,180,787.40 - 5,180,787.40 2,454,281.18 - 2,454,281.18
合计 5,180,787.40 - 5,180,787.40 2,454,281.18 - 2,454,281.18
(2)重大在建工程项目情况
本期无重大在建工程项目
33
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
16、无形资产
(1)无形资产情况
人民币元
项目 年初余额 本期增加 本期减少 2012年6月30日
一、账面原值合计 314,607,350.55 128,400.00 - 314,735,750.55
土地使用权 95,271,819.20 - - 95,271,819.20
出租车营运牌照 219,335,531.35 128,400.00 - 219,463,931.35
二、累计摊销合计 11,767,165.86 539,790.48 - 12,306,956.34
土地使用权 5,736,813.74 539,790.48 - 6,276,604.22
出租车营运牌照 6,030,352.12 - - 6,030,352.12
三、无形资产账面净值合计 302,840,184.69 302,428,794.21
土地使用权 89,535,005.46 88,995,214.98
出租车营运牌照 213,305,179.23 213,433,579.23
四、减值准备合计 - - - -
土地使用权 - - - -
出租车营运牌照 - - - -
五、无形资产账面价值合计 302,840,184.69 302,428,794.21
土地使用权 89,535,005.46 88,995,214.98
出租车营运牌照 213,305,179.23 213,433,579.23
(2) 未办妥产权证书的无形资产情况
于 2012 年 6 月 30 日，尚海食品净值为人民币 14,230,400.00 元(年初数：人民币 14,230,400.00 元)的土地
使用权产权证明尚未更新。
无形资产的说明：
(1)账面原值本期增加系因购置而增加人民币 128,400.00 元。
(2)累计摊销本期增加系本期计提人民币 539,790.48 元。
土地使用权中有账面价值人民币 42,106,800.00 元(年初数：人民币 42,106,800.00 元)系划拨用地。因划
拨用地土地证中未明确使用年限，本集团管理层认为在可预见的将来该土地使用权均会使用并带给本集
团预期的经济利益流入，故其使用寿命是不确定的。
本集团所拥有的出租车营运牌照并无使用年限限制，本集团管理层认为在可预见的将来该出租车营运牌
照均会使用并带给本集团预期的经济利益流入，故其使用寿命是不确定的。
17、长期待摊费用
人民币元
项目 年初数 本期增加额 本期摊销额 2012 年 6 月 30 日
租赁固定资产改良支出 3,487,256.23 3,660,243.35 (550,580.99) 6,596,918.59
其他 64,778.50 - (6,477.90) 58,300.60
合计 3,552,034.73 3,660,243.35 (557,058.89) 6,655,219.19
34
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
18、递延所得税资产/递延所得税负债
(1)已确认的递延所得税资产和递延所得税负债 人民币元
2012 年 6 月 30 日 2012 年 6 月 30 日 年初数 年初数
可抵扣或应纳税 递延所得税资产 可抵扣或应纳税 递延所得税资产
项目 暂时性差异 或负债 暂时性差异 或负债
递延所得税资产：
资产减值准备 4,452,266.38 1,113,066.60 4,452,266.38 1,113,066.60
职工安置费 19,608,555.74 4,902,138.94 19,608,555.74 4,902,138.94
预提费用 2,094,263.13 523,565.78 2,190,141.89 547,535.47
小计 26,155,085.25 6,538,771.32 26,250,964.01 6,562,741.01
递延所得税负债：
计入其他综合收益的可供出售
59,505,862.22 14,876,465.56 61,333,833.58 15,333,458.39
金融资产公允价值变动
小计 59,505,862.22 14,876,465.56 61,333,833.58 15,333,458.39
(2)未确认递延所得税资产明细 人民币元
项目 2012 年 6 月 30 日 年初数
可抵扣暂时性差异 3,054,698.13 3,054,698.13
可抵扣亏损 2,465,692.78 2,465,692.78
合计 5,520,390.91 5,520,390.91
由于未来能否获得足够的应纳税所得额具有不确定性，因此上述可抵扣暂时性差异和可抵扣亏损没有确
认为递延所得税资产。
(3)未确认递延所得税资产的可抵扣亏损将于以下年度到期 人民币元
年份 2012 年 6 月 30 日 年初数 备注
2013 年 328,610.70 328,610.70 --
2014 年 894,923.00 894,923.00 --
2015 年 154,207.37 154,207.37 --
2016 年 1,087,951.71 1,087,951.71 --
合计 2,465,692.78 2,465,692.78 --
19、其他非流动资产
人民币元
项目 2012 年 6 月 30 日 年初数
预付投资款(注 1) 8,542,964.48 23,805,953.24
应收长期垫付款(注 2) 4,230,667.23 4,230,667.23
减：一年内到期的非流动资产 4,230,667.23 4,230,667.23
合计 8,542,964.48 23,805,953.24
注 1：系低温物流预付的上海新天天大众低温物流有限公司 33%的股权转让款人民币 8,542,964.48 元。
注 2：系上海锦海捷亚物流管理有限公司无偿为上海浦东国际机场货运站有限公司垫付的货运站建筑
物、设备和场地租赁的租金共计人民币 50,768,000.00 元。该款项由上海浦东国际机场货运站有限
公司自 2001 年 1 月 1 日起按 12 年进行等额分期偿还。
20、资产减值准备明细
人民币元
本期减少
项目 年初数 本期增加 转回 转销 2012 年 6 月 30 日
一、坏账准备 503,044.78 - - - 503,044.78
二、长期股权投资减值准备 4,919,253.00 - - - 4,919,253.00
三、固定资产减值准备 2,084,666.73 - - - 2,084,666.73
合计 7,506,964.51 - - - 7,506,964.51
35
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
21、短期借款
人民币元
项目 2012 年 6 月 30 日 年初数
委托借款 - 33,667,900.00
担保借款 33,667,900.00 -
合计 33,667,900.00 33,667,900.00
于2012年6月30日，短期借款余额系低温物流向Bank of Tokyo-Mitsubishi UFJ(China),Ltd.Shanghai Branch
借款；借款起始日为2012年3月30日，到期日为2012年9月29日，年利率为6.10%。
22、应付票据
人民币元
种类 2012 年 6 月 30 日 年初数
银行承兑汇票 17,319,000.00 29,276,600.00
合计 17,319,000.00 29,276,600.00
23、应付账款
(1)应付账款明细如下：
人民币元
项目 2012 年 6 月 30 日 年初数
购买商品、接受劳务应付款项 57,756,318.65 72,150,331.34
应付工程款 2,371,702.60 5,124,926.10
合计 60,128,021.25 77,275,257.44
(2)本期末应付账款中无应付持有公司 5%(含 5%)以上表决权股份的股东单位情况。
(3)本期末应付账款中应付关联方账款情况详见附注(六)6。
24、预收款项
(1)预收账款明细如下：
人民币元
项目 2012 年 6 月 30 日 年初数
预收销售商品或提供劳务款项 73,717,252.21 83,059,837.96
预收租赁款项 16,433,032.68 16,240,572.62
合计 90,150,284.89 99,300,410.58
(2)本期预收账款中无预收持有公司 5%(含 5%)以上表决权股份的股东单位或关联方的款项。
25、应付利息
人民币元
项目 2012 年 6 月 30 日 年初数
短期借款应付利息 513,435.48 -
合计 513,435.48 -
36
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
26、应付职工薪酬 人民币元
项目 年初余额 本期增加 本期减少 2012 年 6 月 30 日
一、工资、奖金、津贴和补贴 13,038,920.75 128,082,878.96 (100,883,087.28) 40,238,712.43
二、职工福利费 7,088,692.78 3,703,408.42 (4,188,982.09) 6,603,119.11
三、社会保险费 8,546,541.33 78,937,313.46 (74,438,333.73) 13,045,521.06
其中：医疗保险费 2,683,934.82 25,601,290.26 (24,370,971.31) 3,914,253.77
基本养老保险费 5,168,140.35 46,935,618.38 (43,969,623.12) 8,134,135.61
失业保险费 466,029.11 3,626,871.01 (3,468,307.25) 624,592.87
工伤保险费 109,912.82 1,066,767.05 (1,049,095.90) 127,583.97
生育保险费 118,524.23 1,706,766.76 (1,580,336.15) 244,954.84
四、住房公积金 1,376.00 15,662,353.15 (15,600,176.55) 63,552.60
五、辞退福利 34,441,687.76 78,590.02 (1,065,366.57) 33,454,911.21
六、工会经费和职工教育经费 6,853,647.75 3,541,842.22 (147,639.20) 10,247,850.77
合计 69,970,866.37 230,006,386.23 (196,323,585.42) 103,653,667.18
应付职工薪酬中无属于拖欠性质的金额。
27、应交税费 人民币元
项目 2012 年 6 月 30 日 年初数
增值税 (1,210,261.08) (19,340.93)
营业税 295,881.05 6,758,092.89
企业所得税 17,594,092.89 37,375,108.74
个人所得税 548,246.61 439,622.73
城市维护建设税 325,897.30 530,128.15
其他 1,925,047.83 3,128,781.24
合计 19,478,904.60 48,212,392.82
28、应付股利 人民币元
单位名称 2012 年 6 月 30 日 年初数 原因
账龄一年以内的应付股利
其中：(1)2011 年度红利 165,483,032.10 - 尚未支付
账龄一年以上的应付股利
其中：(1)原法人股股利 19,951,987.35 19,951,987.35 尚未领取
合计 185,435,019.45 19,951,987.35 --
29、其他应付款
(1)其他应付款明细如下： 人民币元
项目 2012 年 6 月 30 日 年初数
押金及保证金 99,402,329.82 100,059,305.02
预收股权转让定金(注) 20,000,000.00 20,000,000.00
重组欠款 - 3,790,415.60
其他 176,518,879.93 138,280,377.79
合计 295,921,209.75 262,130,098.41
注：系锦江汽车拟转让上海万国机动车驾驶员培训中心的股权，收到拟购买方上海合新投资发展有限公
司的预付股权转让定金人民币 20,000,000.00 元。
账龄超过一年的其他应付款主要系押金、保证金。
(2)本期末其他应付款中应付持有公司 5%(含 5%)以上表决权股份的股东单位的款项情况如下：
人民币元
单位名称 2012 年 6 月 30 日 年初数
锦江国际 9,500,000.00 8,000,000.00
合计 9,500,000.00 8,000,000.00
(3)本期末其他应付款中应付关联方账款情况详见附注(六)6。
37
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
30、其他非流动负债 人民币元
项目 2012 年 6 月 30 日 年初数
动迁安置费 19,334,996.54 19,574,810.23
递延收益 31,608,466.29 32,156,670.40
减：一年内到期的递延收益和动迁安置费 1,028,092.49 2,077,846.62
合计 49,915,370.34 49,653,634.01
31、股本 人民币元
本期变动
项目 年初数 2012 年 6 月 30 日
其他
无限售条件股份
1. 人民币普通股 390,560,075.00 - 390,560,075.00
2. 境内上市外资股 161,050,032.00 - 161,050,032.00
股份总数 551,610,107.00 - 551,610,107.00
32、资本公积 人民币元
项目 年初数 本期增加 本期减少 2012 年 6 月 30 日
资本溢价 290,484,218.00 - - 290,484,218.00
其中：投资者投入的资本 266,218,226.90 - - 266,218,226.90
不丧失控制权处置子公司部分股权 24,265,991.10 - - 24,265,991.10
其他综合收益 47,175,091.85 - (1,490,709.96) 45,684,381.89
其他资本公积 104,470,768.36 - - 104,470,768.36
其中：原制度资本公积转入 98,665,171.28 - - 98,665,171.28
分步实现的非同一控制下企业合并调整 5,805,597.08 - - 5,805,597.08
合计 442,130,078.21 - (1,490,709.96) 440,639,368.25
33、盈余公积 人民币元
项目 年初数 本期增加 2012 年 6 月 30 日
法定盈余公积 242,307,872.99 1,896,041.14 244,203,914.13
任意盈余公积 10,684,636.00 - 10,684,636.00
合计 252,992,508.99 1,896,041.14 254,888,550.13
34、未分配利润 人民币元
项目 金额 提取或分配比例
年初未分配利润 852,618,317.25
加：本期归属于母公司所有者的净利润 94,661,115.32
减：提取法定盈余公积 1,896,041.14 注(1)
应付普通股股利 165,483,032.10
期末未分配利润 779,900,359.33
注 1：提取法定盈余公积
根据公司章程规定，法定盈余公积金按净利润之 10%提取。公司法定盈余公积金累计额为公司注册资
本 50%以上的，可不再提取。
38
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
35、营业收入、营业成本
(1)营业收入 人民币元
项目 2012 年 1 月 1 日至 2011 年 1 月 1 日至
6 月 30 日止期间 6 月 30 日止期间
主营业务收入 963,016,762.12 890,245,668.24
其他业务收入 16,484,476.87 13,586,855.85
营业收入 979,501,238.99 903,832,524.09
营业成本 772,944,672.89 647,928,299.57
(2)主营业务(分行业) 人民币元
2012 年 1 月 1 日至 2011 年 1 月 1 日至
行业名称 6 月 30 日止期间 6 月 30 日止期间
营业收入 营业成本 营业收入 营业成本
车辆营运业务 537,955,832.13 401,268,581.50 582,951,252.96 388,794,750.01
汽车销售业务 354,978,966.99 330,214,847.72 250,608,116.19 229,643,461.82
酒店及相关业务 11,169,120.03 2,008,493.36 9,416,760.96 1,427,650.28
低温物流业务 58,912,842.97 34,011,348.62 47,269,538.13 24,410,792.52
合计 963,016,762.12 767,503,271.20 890,245,668.24 644,276,654.63
(3)集团前五名客户的营业收入情况 人民币元
客户名称 营业收入 占公司全部营
业收入的比例
(%)
客户一 9,847,215.44 1%
客户二 7,599,864.00 1%
客户三 6,932,656.00 1%
客户四 4,418,448.19 0%
客户五 3,940,253.10 0%
合计 32,738,436.73 3%
36、营业税金及附加
人民币元
2012 年 1 月 1 日至 2011 年 1 月 1 日至
项目 计缴标准
6 月 30 日止期间 6 月 30 日止期间
营业税 2,335,817.36 19,222,186.80 详见附注(三)
城市维护建设税 1,664,820.09 1,330,610.20 详见附注(三)
教育费附加及其他 1,335,829.73 1,132,825.56 详见附注(三)
合计 5,336,467.18 21,685,622.56 --
37、财务费用
人民币元
项目 2012 年 1 月 1 日至 2011 年 1 月 1 日至
6 月 30 日止期间 6 月 30 日止期间
利息支出 1,117,652.98 2,896,820.87
减：利息收入 3,382,340.89 4,422,908.31
汇兑差额 (5,047.20) 150,439.02
其他 396,434.04 871,648.66
合计 (1,873,301.07) (503,999.76)
39
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
38、资产减值损失
人民币元
项目 2012 年 1 月 1 日至 2011 年 1 月 1 日至
6 月 30 日止期间 6 月 30 日止期间
坏账损失 - (450.00)
合计 - (450.00)
39、公允价值变动收益(损失)
人民币元
产生公允价值变动收益(损失)的来源 2012 年 1 月 1 日至 2011 年 1 月 1 日至
6 月 30 日止期间 6 月 30 日止期间
交易性金融资产 (77,692.00) -
合计 (77,692.00) -
40、投资收益
(1)投资收益明细情况
人民币元
项目 2012 年 1 月 1 日至 2011 年 1 月 1 日至
6 月 30 日止期间 6 月 30 日止期间
成本法核算的长期股权投资收益 1,076,073.79 9,687,456.48
权益法核算的长期股权投资收益 53,910,998.07 64,714,331.60
持有可供出售金融资产等期间取得的投资收益 1,250,888.90 11,000.00
处置交易性金融资产取得的投资收益 28,086.71 164,499.76
处置可供出售金融资产等取得的投资收益 1,742,870.28 1,489,670.10
其他 129,170.72 -
合计 58,138,088.47 76,066,957.94
(2)按权益法核算的重大长期股权投资收益
人民币元
2012 年 1 月 1 日至 2011 年 1 月 1 日至 本期比上年同期增减
被投资单位 6 月 30 日止期间 6 月 30 日止期间 变动的原因
本期业务量下降，
上海浦东国际机场货运站有限公司 34,160,644.10 40,877,271.01
成本上升
合计 34,160,644.10 40,877,271.01 --
本集团投资收益汇回不存在重大限制。
41、营业外收入
(1) 营业外收入明细如下： 人民币元
项目 2012 年 1 月 1 日至 2011 年 1 月 1 日至 计入本期非经常性损
6 月 30 日止期间 6 月 30 日止期间 益的金额
非流动资产处置利得合计 13,209,722.63 16,587,351.61 465,564.02
其中：固定资产处置利得 13,209,722.63 16,587,351.61 465,564.02
政府补助 2,065,990.35 703,280.00 2,065,990.35
罚款收入 1,128,689.93 681,237.01 1,128,689.93
其他 623,061.54 3,980,253.86 623,061.54
合计 17,027,464.45 21,952,122.48 4,283,305.84
40
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
41、营业外收入- 续
(2)政府补助明细 人民币元
项目 2012 年 1 月 1 日至 2011 年 1 月 1 日至 说明
6 月 30 日止期间 6 月 30 日止期间
财政返还 2,065,990.35 703,280.00 --
合计 2,065,990.35 703,280.00 --
42、营业外支出
人民币元
2012 年 1 月 1 日至 2011 年 1 月 1 日至 计入本期非经常性损
项目
6 月 30 日止期间 6 月 30 日止期间 益的金额
非流动资产处置损失合计 6,277.11 1,218,790.07 6,277.11
其中：固定资产处置损失 6,277.11 1,218,790.07 6,277.11
其他 118,546.76 25,492.96 118,546.76
合计 124,823.87 1,244,283.03 124,823.87
43、所得税费用
人民币元
项目 2012 年 1 月 1 日至 2011 年 1 月 1 日至
6 月 30 日止期间 6 月 30 日止期间
按税法及相关规定计算的当期所得税 19,057,506.62 29,867,653.92
递延所得税调整 23,969.69 19,301.80
合计 19,081,476.31 29,886,955.72
44、基本每股收益和稀释每股收益的计算过程
计算基本每股收益时，归属于普通股股东的当期净利润为： 人民币元
2012 年 1 月 1 日至 2011 年 1 月 1 日至
6 月 30 日止期间 6 月 30 日止期间
归属于普通股股东的当期净利润 94,661,115.32 143,951,509.10
其中：归属于持续经营的净利润 94,661,115.32 143,951,509.10
计算基本每股收益时，分母为发行在外普通股加权平均数，计算过程如下： 人民币元
2012 年 1 月 1 日至 2011 年 1 月 1 日至
6 月 30 日止期间 6 月 30 日止期间
年初发行在外的普通股股数 551,610,107.00 551,610,107.00
加：本期发行的普通股加权数 - -
减：本期回购的普通股加权数 - -
期末发行在外的普通股加权数 551,610,107.00 551,610,107.00
每股收益 人民币元
2012 年 1 月 1 日至 2011 年 1 月 1 日至
6 月 30 日止期间 6 月 30 日止期间
按归属于母公司股东的净利润计算：
基本每股收益 0.172 0.261
稀释每股收益 不适用 不适用
本集团不存在稀释性潜在普通股。
41
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
45、其他综合收益
人民币元
项目 2012 年 1 月 1 日至 2011 年 1 月 1 日至
6 月 30 日止期间 6 月 30 日止期间
1.可供出售金融资产产生的利得(损失)金额 (744,783.51) (6,038,901.15)
减：可供出售金融资产产生的所得税影响 (186,195.88) (1,509,725.29)
前期计入其他综合收益当期转入损益的净额 812,390.89 1,036,814.10
小计 (1,370,978.52) (5,565,989.96)
2.按照权益法核算的在被投资单位其他综合收益中所享有的份额 (151,484.15) (251,390.51)
小计 (151,484.15) (251,390.51)
合计 (1,522,462.67) (5,817,380.47)
46、现金流量表补充资料
(1)现金流量表补充资料
人民币元
补充资料 本期累计数 上年同期累计数
1．将净利润调节为经营活动现金流量：
净利润 115,704,150.21 170,590,745.84
加：资产减值准备 - (450.00)
固定资产折旧 126,989,820.38 119,984,004.42
无形资产摊销 539,790.48 539,790.66
投资性房地产摊销及折旧 385,879.62 385,879.62
长期待摊费用摊销 557,058.89 134,464.91
处置固定资产、无形资产和其他长期资产的损失(收
(13,203,445.52) (15,368,561.54)
益以―－‖号填列)
公允价值变动亏损(收益以“－”号填列) 77,692.00 -
财务费用(收益以―－‖号填列) 1,117,652.98 2,896,820.87
投资损失(收益以―－‖号填列) (58,138,088.47) (76,066,957.94)
递延所得税资产减少(增加以―－‖号填列) 23,969.69 19,301.80
存货的减少(增加以―－‖号填列) (30,187,200.52) (9,950,881.63)
经营性应收项目的减少(增加以“－”号填列) (26,571,390.38) (4,881,661.10)
经营性应付项目的增加(减少以―－‖号填列) 2,472,616.51 43,698,775.21
经营活动产生的现金流量净额 119,768,505.87 231,981,271.12
2．现金及现金等价物净变动情况：
现金的期末余额 700,624,394.28 762,076,048.42
减：现金的年初余额 616,692,362.37 757,555,245.06
现金及现金等价物净(减少)增加额 83,932,031.91 4,520,803.36
(2)现金和现金等价物的构成
人民币元
项目 2012 年 6 月 30 日 年初数
一、现金 700,624,394.28 616,692,362.37
其中：库存现金 884,642.13 700,264.46
可随时用于支付的银行存款 699,739,752.15 615,992,097.91
二、本期末现金及现金等价物余额 700,624,394.28 616,692,362.37
42
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(六) 关联方及关联交易
1、本企业的母公司情况
人民币元
母公司对本 母公司对本
关联 企业 法人 企业的持股 企业的表决 本企业 组织机构
母公司名称 关系 类型 注册地 代表 业务性质 注册资本 比例(%) 权比例(%) 最终控制方 代码
国有资产经营与管理，
企业投资及管理，饭店
有限责任 管理，游乐业配套服
锦江国际(集团)有 最终控
公司(国 上海 俞敏亮 务，国内贸易，物业管 2,000,000,000 28.91 38.54 - 13222031-2
限公司 制方
有独资) 理，自有办公楼、公寓
租赁，产权纪经及相关
项目咨询。
经营范围为酒店经营
（限分支机构）、酒店管
上海锦江国际酒店 理、酒店投资、企业投
（集团）股份有限 股份有限 资管理，国内贸易，自 锦江国际(集团)有
母公司 上海 俞敏亮 5,566,000,000 38.54 38.54 13223706-9
公司 公司 有办公楼、公寓租赁， 限公司
泊车、培训及相关项目
的咨询（涉及行政许可
的凭许可证经营）。
母公司情况说明：
锦江酒店集团是一家在中华人民共和国境内由上海新亚(集团)有限公司改制而成的股份有限公司，成立于 1995 年 6 月 6 日，主要从事酒店、食品等业务。
2006 年 12 月 15 日，锦江酒店集团股票获准在香港联合交易所有限公司挂牌交易。其母公司及最终控股股东均为锦江国际。
2、本企业的子公司情况
本企业的子公司情况详见附注(四)1。
3、本企业的合营和联营企业情况
本企业的合营和联营企业情况详见附注(五)10。
43
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(六) 关联方及关联交易 - 续
4、本集团的其他关联方情况
其他关联方名称 其他关联方与本公司关系
锦江国际集团(香港)有限公司 同一最终控制方
上海市食品(集团)公司 同一最终控制方
上海锦江国际实业发展有限公司 同一最终控制方
香港锦江旅游有限公司 同一最终控制方
上海茂昌食品有限公司 同一最终控制方
上海市沪南蛋品公司 同一最终控制方
以上各公司统称为锦江国际下属公司。
其他关联方名称 其他关联方与本公司关系
上海锦江饭店有限公司 同一母公司
上海锦江旅游有限公司 同一母公司
上海银河宾馆有限公司 同一母公司
上海国旅国际旅行社有限公司 同一母公司
上海旅行社有限公司 同一母公司
上海锦江国际旅游股份有限公司 同一母公司
锦江之星旅馆有限公司 同一母公司
上海豫锦酒店管理有限公司 同一母公司
锦江国际集团财务有限责任公司 同一母公司
锦江国际酒店管理有限公司 同一母公司
以上各公司统称锦江酒店集团下属公司。
5、关联交易情况
(1)购销商品、提供和接受劳务的关联交易 人民币元
2012 年 1 月 1 日至 2011 年 1 月 1 日至
6 月 30 日止期间 6 月 30 日止期间
关联交易 占同类交易金 占同类交易金
关联方 类型 关联交易内容 金额 额的比例(%) 金额 额的比例(%)
锦江国际 提供劳务 车辆营运业务收入 52,269.71 - - -
锦江国际下属公司 提供劳务 车辆营运业务收入 55,180.00 - - -
锦江酒店集团下属公司 提供劳务 车辆营运业务收入 1,261,555.17 - 1,209,332.80 -
锦江酒店集团下属公司 购销商品 采购物品 164,254.77 - 4,732,337.36 -
上海日产汽车维修中心 购销商品 采购物品 900,412.38 - - -
上海锦江汽车销售服务有限公司 购销商品 采购物品 - - 124,343.10 -
上海锦江汽车销售服务有限公司 购销商品 采购固定资产支出 14,402,051.28 14 93,571,600.00 30
上海日产汽车维修中心 接受劳务 维修支出 810,371.15 - - -
锦江酒店集团下属公司 接受劳务 管理费用(注 1) 147,538.94 100 117,416.46 100
定价原则及决策程序：根据本集团与各关联方签订的有关综合服务协议、产品购销合同等协议的规定定
价。重大关联交易需经董事会批准通过。
注：系应支付给锦江酒店集团下属公司的管理费。以酒店经营收入的 2%和酒店经营利润的 4%计算加
总，作为其提供服务的酬劳，服务包括一般行政、市场推广及采购等。
(2)关联租赁情况
租赁收入 人民币元
出租方 租赁收益确定 租赁收益对
承租方名称 租赁资产情况 本期租赁收益
名称 依据 公司影响
锦江汽车 上海锦江汽车销售服务有限公司 房屋建筑物 677,607.00 租赁合同 不重大
锦江汽车 上海石油集团长乐加油站有限公司 房屋建筑物 100,000.00 租赁合同 不重大
44
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(六) 关联方及关联交易 - 续
5、关联交易情况 - 续
(2)关联租赁情况 - 续
租赁费用 人民币元
租赁费用
租赁资产情 本期租赁 租赁费用
出租方名称 承租方名称 租赁起始日 租赁终止日 对公司影
况 费用 确定依据
响
上 海 日 产 汽 上海锦茂汽车销
车维修中心 售服务有限公司 房屋 2012 年 1 月 1 日 2012 年 12 月 31 日 480,000.00 租赁合同 不重大
锦江国际 锦江汽车 土地使用权 2003 年 12 月 1 日 2013 年 11 月 30 日 1,500,000.00 租赁合同 不重大
锦江国际(注) 本公司 房屋 注 注 58,116.00 租赁合同 不重大
注：本集团租赁锦江国际的房屋到期后不再续签合同，仅支付少量租赁费用，如按原合同价格计算，本
期未计的租赁费用为人民币 780,000.00 元。
(3)关联担保情况 人民币元
担保是否已
担保方 被担保方 担保金额 担保起始日 担保到期日
经履行完毕
锦江汽车 上海永达风度汽车销售服务有限公司 8,000,000.00 2012 年 4 月 16 日 2014 年 12 月 19 日 否
锦江汽车 上海永达风度汽车销售服务有限公司 8,000,000.00 2012 年 5 月 24 日 2013 年 5 月 23 日 否
锦江汽车 上海金茂锦江汽车服务有限公司 5,000,000.00 2012 年 2 月 24 日 2013 年 2 月 24 日 否
(4)关联方资金拆借
本期 人民币元
关联方 拆借金额 起始日 到期日 2012 年 6 月 30 日 说明
拆出
上海浦东国际机场货运站有
50,768,000.00 2001 年 1 月 1 日 2012 年 12 月 31 日 4,230,667.23 --
限公司
6、关联方应收应付款项
人民币元
项目名称 关联方 2012 年 6 月 30 日 年初数
应收账款 锦江酒店集团下属公司 852,134.50 161,120.38
应收账款 上海锦江佳友汽车服务有限公司 - 129,220.00
应收账款 锦江国际下属公司 - 96,402.00
应收账款 锦江国际 - 3,080.00
合计 852,134.50 389,822.38
其他应收款 上海锦江汽车销售服务有限公司 8,434,172.49 3,431,329.33
其他应收款 上海锦江佳友汽车服务有限公司 1,435,328.84 4,000,000.00
其他应收款 上海锦江佘山汽车服务有限公司 166,411.67 1,000,000.00
其他应收款 上海日产汽车维修中心 - 283,017.92
其他应收款 锦江酒店集团下属公司 177,109.73 153,108.07
其他应收款 锦江国际下属公司 - 26,500.00
合计 10,213,022.73 8,893,955.32
应付账款 上海永达风度汽车销售服务有限公司 - 7,823,603.34
应付账款 上海锦江汽车销售服务有限公司 - 7,080,349.41
合计 - 14,903,952.75
预收账款 锦江国际下属公司 - 125,163.00
合计 - 125,163.00
45
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(六) 关联方及关联交易 - 续
6、关联方应收应付款项 - 续
人民币元
项目名称 关联方 2012 年 6 月 30 日 年初数
其他应付款 锦江国际 9,500,000.00 8,000,000.00
其他应付款 上海日产汽车维修中心 7,811,661.50 8,154,599.92
其他应付款 上海锦江佳友汽车服务有限公司 7,025,065.49 5,089,350.20
其他应付款 上海锦江汽车销售服务有限公司 - 4,429,260.00
其他应付款 锦江国际下属公司 - 3,790,415.60
其他应付款 上海永达风度汽车销售服务有限公司 995,542.00 2,772,165.04
其他应付款 锦江酒店集团下属公司 40,543.32 415,498.71
合计 25,372,812.31 32,651,289.47
(七) 或有事项
为其他单位提供债务担保形成的或有负债及其财务影响:
本期，锦江汽车为其联营企业上海永达风度汽车销售服务有限公司人民币 16,000,000.00 元(2011 年：人
民币 15,600,000.00 元)的短期借款提供担保。担保期限相见附注(六)5(3)。
本期，锦江汽车为其合营企业上海金茂锦江汽车服务有限公司人民币 5,000,000.00 元(2011 年：人民币
10,000,000.00)的短期借款提供担保。担保期限相见附注(六)5(3)。
(八) 承诺事项
1、重大承诺事项
(1)资本承诺 人民币千元
2012 年 6 月 30 日 年初数
已签约但尚未于财务报表中确认的
- 购建长期资产承诺 8,543 8,623
合计 8,543 8,623
(2)经营租赁承诺
至资产负债表日止，本集团对外签订的不可撤销的经营租赁合约情况如下：
人民币千元
2012 年 6 月 30 日 年初数
不可撤销经营租赁的最低租赁付款额：
资产负债表日后第 1 年 7,255 7,538
资产负债表日后第 2 年 4,424 6,622
资产负债表日后第 3 年 1,233 2,260
以后年度 - 150
合计 12,912 16,570
(九) 资产负债表日后事项
截至本财务报表报出日止，本集团不存在需要披露的重大资产负债表日后的非调整事项。
(十) 以公允价值计量的资产和负债
人民币元
本期公允价值变动 计入权益的累计
项目 年初数 损益(损失) 公允价值变动 2012 年 6 月 30 日
金融资产
可供出售金融资产 79,313,107.86 - 44,629,396.67 77,032,324.87
交易性金融资产 848,726.50 (77,692.00 ) - 830,034.50
46
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(十一) 分部报告
根据本集团的内部组织结构、管理要求及内部报告制度，本集团的经营业务划分为 4 个报告分部，分别为车辆营运业务、汽车销售业务、酒店及相关业务以
及低温物流业务，报告分部是以经营分部为基础确定的。集团的管理层定期评价这些报告分部的经营成果，以决定向其分配资源及评价其业绩。
分部报告信息根据各分部向管理层报告时采用的会计政策及计量标准披露，这些计量基础与编制财务报表时的会计与计量基础保持一致。
(1)分部报告信息
人民币元
汽车营运及相关业务 汽车销售及相关业务 酒店及相关业务 低温物流业务 未分配项目 合计
上年同期 上年同期 上年同期 上年同期 上年同期 上年同期
本期累计数 本期累计数 本期累计数 本期累计数 本期累计数 本期累计数
累计数 累计数 累计数 累计数 累计数 累计数
营业收入：
对外交易收入 553,109,367.81 594,820,489.65 354,978,966.99 250,608,116.19 11,169,120.03 9,416,760.96 60,243,784.16 48,987,157.29 - - 979,501,238.99 903,832,524.09
分部间交易收入 - - - - - - - - - - - -
分部营业收入合计 553,109,367.81 594,820,489.65 354,978,966.99 250,608,116.19 11,169,120.03 9,416,760.96 60,243,784.16 48,987,157.29 - - 979,501,238.99 903,832,524.09
报表营业收入合计 979,501,238.99 903,832,524.09
营业成本 405,557,999.37 391,055,928.25 330,214,847.72 229,643,461.82 2,008,493.36 1,427,650.28 35,163,332.44 25,801,259.22 - - 772,944,672.89 647,928,299.57
营业税金及附加 3,837,824.59 18,069,674.06 355,498.51 527,141.52 626,721.95 530,256.96 516,422.13 2,558,550.02 - - 5,336,467.18 21,685,622.56
销售费用 70,365,517.10 67,278,087.38 12,048,544.26 7,904,913.89 4,454,216.88 4,060,811.52 451,293.07 374,846.64 - - 87,319,571.31 79,618,659.43
管理费用 30,802,012.89 28,557,737.50 12,226,514.76 9,137,684.03 706,803.92 1,048,167.53 12,004,046.64 10,056,046.59 211,861.00 2,601,852.47 55,951,239.21 51,401,488.12
分部营业成本合计 510,563,353.95 504,961,427.19 354,845,405.25 247,213,201.26 7,796,236.11 7,066,886.29 48,135,094.28 38,790,702.47 211,861.00 2,601,852.47 921,551,950.59 800,634,069.68
分部营业利润(亏损) 42,546,013.86 89,859,062.46 133,561.74 3,394,914.93 3,372,883.92 2,349,874.67 12,108,689.88 10,196,454.82 (211,861.00) (2,601,852.47) 57,949,288.40 103,198,454.41
调节项目：
财务费用 - - - - - - - - - - (1,873,301.07) (503,999.76)
资产减值损失 - - - - - - - - - - - (450.00)
公允价值变动收益 - - - - - - - - - - (77,692.00) -
投资收益 - - - - - - - - - - 58,138,088.47 76,066,957.94
营业利润 42,546,013.86 89,859,062.46 133,561.74 3,394,914.93 3,372,883.92 2,349,874.67 12,108,689.88 10,196,454.82 59,721,836.54 73,969,555.23 117,882,985.94 179,769,862.11
(2)本集团所有对外交易收入均来源于中国，本集团所有资产均位于中国。
(3)本集团无占收入总额 10%以上的客户。
47
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(十二) 金融工具及风险管理
本集团的主要金融工具包括货币资金、借款、交易性金融资产、可供出售金融资产、应收账款、应付账
款等，各项金融工具的详细情况说明见附注(五)。与这些金融工具有关的风险，以及本集团为降低这些
风险所采取的风险管理政策如下所述。本集团管理层对这些风险敞口进行管理和监控以确保将上述风险
控制在限定的范围之内。
I. 风险管理目标和政策
本集团从事风险管理的目标是在风险和收益之间取得适当的平衡，将风险对本集团经营业绩的负面影响
降低到最低水平，使股东及其其他权益投资者的利益最大化。基于该风险管理目标，本集团风险管理的
基本策略是确定和分析本集团所面临的各种风险，建立适当的风险承受底线和进行风险管理，并及时可
靠地对各种风险进行监督，将风险控制在限定的范围之内。
I.1 市场风险
I.1.1. 外汇风险
外汇风险指因汇率变动产生损失的风险。本集团的主要业务活动以人民币计价结算，于 2012 年 6 月 30
日，本集团的资产及负债均为人民币余额，因此外汇风险对本集团的经营业绩不会产生重大影响。
人民币元
项目 2012 年 6 月 30 日 年初数
现金及现金等价物 - 2,047.98
I.1.2. 利率风险-公允价值变动风险
本集团的因利率变动引起金融工具公允价值变动的风险主要与固定利率委托借款相关(详见附注(五)21)
有关。但由于该借款为短期借款，因此其产生的利率风险对本集团的经营业绩并无重大影响。
I.1.3. 其他价格风险
本集团持有的分类为可供出售金融资产的投资在资产负债表日以公允价值计量。因此，本集团承担着证
券市场变动的风险。但本集团管理层认为，本集团承担的价格风险并不显著。
I.2 信用风险
2012 年 6 月 30 日，可能引起本集团财务损失的最大信用风险敞口主要来自于合同另一方未能履行义务
而导致本集团金融资产产生的损失以及本集团承担的财务担保，具体包括：
合并资产负债表中已确认的金融资产的账面金额；对于以公允价值计量的金融工具而言，账面价
值反映了其风险敞口，但并非最大风险敞口，其最大风险敞口将随着未来公允价值的变化而改
变。
本附注(六)5(3)关联担保情况中披露的财务担保合同信息。
为降低信用风险，本集团控制信用额度、进行信用审批，并执行其他监控程序以确保采取必要的措施回
收过期债权。此外，本集团于每个资产负债表日审核每一单项应收款的回收情况，以确保就无法回收的
款项计提充分的坏帐准备。因此，本集团管理层认为本集团所承担的信用风险已经大为降低。
本集团的流动资金存放在信用评级较高的银行，故流动资金的信用风险较低。
本集团采用了必要的政策确保所有销售客户均具有良好的信用记录。本集团无其他重大信用集中风险。
48
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(十二) 金融工具及风险管理 - 续
I. 风险管理目标和政策 - 续
I.3 流动风险
管理流动风险时，本集团保持管理层认为充分的现金及现金等价物并对其进行监控，以满足本集团经营
需要，并降低现金流量波动的影响。本集团管理层对银行借款的使用情况进行监控并确保遵守借款协
议。
于资产负债表日，除其他应付款中部分押金、保证金、动迁安置费及重组欠款将于一年后到期外，本集
团其他金融资产和金融负债的到期日均在一年以内。
II. 公允价值
金融资产和金融负债的公允价值按照下述方法确定：
具有标准条款及条件并存在活跃市场的金融资产及金融负债的公允价值分别参照相应的活跃市场
现行出价及现行要价确定；
其他金融资产及金融负债(不包括衍生工具)的公允价值按照未来现金流量折现法为基础的通用定价
模型确定或采用可观察的现行市场交易价格确认；
本集团管理层认为，财务报表中按摊余成本计量的金融资产及金融负债的账面价值接近该等资产及负债
的公允价值。
公允价值计量层级
以公允价值进行后续计量的金融资产及金融负债，其公允价值计量中的三个层级分析如下：
第 1 层级：同类资产或负债在活跃市场上(未经调整)的报价；
第 2 层级：直接(比如取自价格)或间接(比如根据价格推算的)可观察到的、除市场报价以外的有关资产
或负债的输入值估值；
第 3 层级：以可观察到的市场数据以外的变量为基础确定的资产或负债的输入值(不可观察输入值)。
人民币元
期末数
第 1 层级 第 2 层级 第 3 层级 合计
可供出售金融资产
－权益工具 77,032,324.87 - - 77,032,324.87
交易性金融资产 830,034.50 - - 830,034.50
合计 77,862,359.37 - - 77,862,359.37
人民币元
期初数
第 1 层级 第 2 层级 第 3 层级 合计
可供出售金融资产
－权益工具 79,313,107.86 - - 79,313,107.86
交易性金融资产 848,726.50 - - 848,726.50
合计 80,161,834.36 - - 80,161,834.36
本集团期末仍持有的以公允价值计量的金融资产本期计入其他综合收益的损失为人民币 558,587.63 元
(上年同期：损失人民币 4,529,175.86 元)。
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上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(十二) 金融工具及风险管理 - 续
III. 敏感性分析
本集团采用敏感性分析技术分析风险变量的合理、可能变化对当期损益或股东权益可能产生的影响。
由于任何风险变量很少孤立的发生变化，而变量之间存在的相关性对某一风险变量的变化的最终影响金
额将产生重大作用，因此下述内容是在假设每一变量的变化是独立的情况下进行的。
利率和汇率可能发生的合理变动对当期损益和权益的影响均不重大。
本集团因持有以公允价值计量的金融资产而面临价格风险。股票市场价格的波动对股东权益的影响如
下：
人民币千元
本期 上年同期
项目 年末股价变动 对利润的影响 对股东权益的影响 对利润的影响 对股东权益的影响
可供出售金融资产 上涨 10% - 5,777 - 7,173
可供出售金融资产 下跌 10% - (5,777) - (7,173)
本期 上年同期
项目 年末股价变动 对利润的影响 对股东权益的影响 对利润的影响 对股东权益的影响
交易性金融资产 上涨 10% 83 - - -
交易性金融资产 下跌 10% (83) - - -
(十三) 母公司财务报表主要项目注释
1、货币资金
人民币元
2012 年 6 月 30 日 年初数
项目 外币金额 折算率 人民币金额 外币金额 折算率 人民币金额
现金：
人民币 140,616.95 1.0000 140,616.95 116,022.50 1.0000 116,022.50
银行存款：
人民币 385,867,597.84 1.0000 385,867,597.84 322,239,524.43 1.0000 322,239,524.43
合计 - - 386,008,214.79 -- -- 322,355,546.93
2、应收股利
人民币元
项目 年初数 本期增加 本期减少 2012 年 6 月 30 日
账龄一年以内的应收股利
其中：(1) 锦海捷亚国际货运有限公司 - 16,500,000.00 (16,500,000.00) -
(2) 上海大众新亚出租汽车有限公司 - 7,586,793.97 - 7,586,793.97
账龄一年以上的应收股利
其中：(1)上海锦江汽车服务有限公司 58,000,000.00 - - 58,000,000.00
合计 58,000,000.00 24,086,793.97 (16,500,000.00) 65,586,793.97
50
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(十三) 母公司财务报表主要项目注释 - 续
3、其他应收款
(1)其他应收款按种类披露：
人民币元
2012 年 6 月 30 日 年初数
账面余额 坏账准备 账面余额 坏账准备
比例
金额 金额 比例(%) 金额 比例(%) 金额 比例(%)
种类 (%)
单项金额重大的其他应收款 150,000,000.00 100 - - 200,000,000.00 100 - -
其他不重大其他应收款 580,861.94 - - - 399,707.57 - - -
合计 150,580,861.94 100 - - 200,399,707.57 100 - -
本公司将金额为人民币 1,000 万元以上的其他应收款确认为单项金额重大的其他应收款。
(2)其他应收款账龄如下：
人民币元
2012 年 6 月 30 日 年初数
比例 比例
账龄 金额 (%) 坏账准备 账面价值 金额 (%) 坏账准备 账面价值
1 年以内 130,580,861.94 87 - 130,580,861.94 200,399,707.57 100 - 200,399,707.57
1至2年 20,000,000.00 13 - 20,000,000.00 - - - -
2至3年 - - - - - - - -
3 年以上 - - - - - - - -
合计 150,580,861.94 100 - 150,580,861.94 200,399,707.57 100 - 200,399,707.57
(3)本期末其他应收款余额中无应收持有公司 5%(含 5%)以上表决权股份的股东单位款项。
(4)本期末其他应收款金额前五名单位情况
人民币元
占其他应收款
单位名称 与本公司关系 金额 年限 总额的比例(%)
上海锦江汽车服务有限公司 子公司 150,000,000.00 1 年以内至 2 年 99.61
上海锦海捷亚物流管理有限公司 子公司 200,220.00 1 年以内 0.13
上海锦宏旅馆有限公司 同一母公司 143,313.96 1 年以内 0.10
上海锦乐旅馆有限公司 同一母公司 25,208.00 1 年以内 0.02
锦江之星旅馆有限公司 同一母公司 8,587.77 1 年以内 0.01
合计 -- 150,377,329.73 -- 99.87
(5)应收关联方款项
应收关联方账款情况详见附注(十三)20(4)。
4、其他流动资产
人民币元
项目 2012 年 6 月 30 日 年初数
委托贷款 35,042,100.00 44,210,000.00
本期末的其他流动资产余额系通过中国民生银行提供给上海吴淞罗吉冷藏有限公司的委托贷款，委托
贷款的起始日为 2011 年 7 月 20 日，到期日为 2012 年 7 月 20 日，年利率为 6.100%，详见附注(十
三)20(3)。
5、可供出售金融资产
人民币元
项目 2012 年 6 月 30 日 年初
公允价值 公允价值
可供出售权益工具 67,462,462.79 68,959,141.12
本公司将上述权益工具指定为可供出售金融资产，本期末公允价值参照上海证券交易所和深圳证券交易
所于 2012 年 6 月 29 日之收盘价确定。
51
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(十三) 母公司财务报表主要项目注释 -续
6、长期股权投资
(1)长期股权投资明细如下：
人民币元
在被投资单
在被投 位持股比例 本期
核算 资单位 与表决权比 计提
持股比 在被投资单位表 例不一致的 减值 本期现金红
被投资单位 方法 投资成本 年初数 增减变动 2012年 6月 30日 例(%) 决权比例(%) 说明 减值准备 准备 利
子公司
上海锦海捷亚物流管理有限公司 成本法 52,000,000.00 52,000,000.00 - 52,000,000.00 65 与持股比例一致 - - -
上海锦江汽车服务有限公司 成本法 538,135,811.60 538,135,811.60 - 538,135,811.60 95 与持股比例一致 - - -
上海锦江国际低温物流发展有限公司 成本法 42,502,500.00 42,502,500.00 - 42,502,500.00 95->51 与持股比例一致 - - -
上海尚海食品有限公司 成本法 23,750,000.00 23,750,000.00 - 23,750,000.00 95 与持股比例一致 - - -
合营企业
上海大众新亚出租汽车有限公司 权益法 84,628,129.42 97,013,337.15 (3,140,980.54) 93,872,356.61 49.5 50 注1 - - 7,586,793.97
锦海捷亚国际货运有限公司 权益法 40,254,477.70 117,369,579.00 (11,512,967.80) 105,856,611.20 50 与持股比例一致 - - 16,500,000.00
其他股权投资
上海寰球纸制品有限公司 成本法 746,253.00 746,253.00 - 746,253.00 10 与持股比例一致 746,253.00 - -
国泰君安证券股份有限公司 成本法 62,912,955.76 47,649,967.00 15,262,988.76 62,912,955.76 <=5% 与持股比例一致 - - -
国泰君安投资管理股份有限公司 成本法 31,974,279.24 31,974,279.24 - 31,974,279.24 <=5% 与持股比例一致 2,500,000.00 - -
上海国嘉实业股份有限公司 成本法 650,000.00 650,000.00 - 650,000.00 <=5% 与持股比例一致 650,000.00 - -
山东国泰股份有限公司 成本法 555,000.00 555,000.00 - 555,000.00 <=5% 与持股比例一致 555,000.00 - -
合计 -- 878,109,406.72 952,346,726.99 609,040.42 952,955,767.41 -- -- -- 4,451,253.00 -- 24,086,793.97
注 1：根据公司章程，本公司对上海大众新亚出租汽车有限公司的表决权比例为 50%。
52
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(十三) 母公司财务报表主要项目注释 - 续
7、投资性房地产
(1)按成本计量的投资性房地产 人民币元
项目 年初数 本期增加 本期减少 2012年 6月 30日
一、账面原值合计 24,591,016.05 - - 24,591,016.05
1.房屋及建筑物 24,591,016.05 - - 24,591,016.05
二、累计折旧和累计摊销合计 4,421,538.50 221,178.24 - 4,642,716.74
1.房屋及建筑物 4,421,538.50 221,178.24 - 4,642,716.74
三、投资性房地产账面净值合计 20,169,477.55 - - 19,948,299.31
1.房屋及建筑物 20,169,477.55 - - 19,948,299.31
四、投资性房地产减值准备累计金额合计 - - - -
1.房屋及建筑物 - - - -
五、投资性房地产账面价值合计 20,169,477.55 19,948,299.31
1.房屋及建筑物 20,169,477.55 19,948,299.31
本期投资性房地产折旧和摊销额人民币 221,178.24 元。
8、固定资产
(1)固定资产情况 人民币元
项目 年初数 本期增加 本期减少 2012年 6月 30日
一、账面原值合计： 74,258,345.12 283,598.00 (31,546.90) 74,510,396.22
其中：房屋及建筑物 60,235,578.11 - - 60,235,578.11
机器设备 5,417,460.84 781.00 - 5,418,241.84
电子设备、器具及家具 4,418,013.96 282,817.00 (31,546.90) 4,669,284.06
其他运输设备 160,223.90 - - 160,223.90
酒店改造 4,027,068.31 - - 4,027,068.31
二、累计折旧合计： 33,109,806.03 1,252,868.62 (28,392.21) 34,334,282.44
其中：房屋及建筑物 23,537,817.59 802,154.64 - 24,339,972.23
机器设备 2,323,168.04 136,027.40 - 2,459,195.44
电子设备、器具及家具 3,623,468.53 124,857.04 (28,392.21) 3,719,933.36
其他运输设备 144,201.51 - - 144,201.51
酒店改造 3,481,150.36 189,829.54 - 3,670,979.90
三、固定资产账面净值合计 41,148,539.09 40,176,113.78
其中：房屋及建筑物 36,697,760.52 35,895,605.88
机器设备 3,094,292.80 2,959,046.40
电子设备、器具及家具 794,545.43 949,350.70
其他运输设备 16,022.39 16,022.39
酒店改造 545,917.95 356,088.41
-
四、减值准备合计 - - - -
其中：房屋及建筑物 - - - -
机器设备 - - - -
电子设备、器具及家具 - - - -
其他运输设备 - - - -
酒店改造 - - - -
-
五、固定资产账面价值合计 41,148,539.09 40,176,113.78
其中：房屋及建筑物 36,697,760.52 35,895,605.88
机器设备 3,094,292.80 2,959,046.40
电子设备、器具及家具 794,545.43 949,350.70
其他运输设备 16,022.39 16,022.39
酒店改造 545,917.95 356,088.41
于 2012 年 6 月 30 日，本公司无固定资产所有权受到限制。
固定资产说明：
(1)账面原值本期增加系因购置而增加；账面原值本期减少系因处置而减少。
(2)累计折旧本期增加系因本期计提而增加；累计折旧本期减少系因处置而减少。
53
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(十三) 母公司财务报表主要项目注释 - 续
9、递延所得税资产/递延所得税负债
(一)递延所得税资产和递延所得税负债不以抵销后的净额列示
(1)已确认的递延所得税资产和递延所得税负债
人民币元
2012 年 6 月 30 日可 2012 年 6 月 30 日 年初数 年初数
抵扣或应纳税 递延所得税资产 可抵扣或应纳税 递延所得税资产
项目 暂时性差异 或负债 暂时性差异 或负债
递延所得税资产：
资产减值准备 4,452,266.38 1,113,066.60 4,452,266.38 1,113,066.60
职工安置费 19,608,555.74 4,902,138.94 19,608,555.74 4,902,138.94
预提费用 2,094,263.13 523,565.78 2,190,141.89 547,535.47
小计 26,155,085.25 6,538,771.32 26,250,964.01 6,562,741.01
计入资本公积的可
供出售金融资产公 50,976,283.39 12,744,070.85 52,020,150.09 13,005,037.52
允价值变动
小计 50,976,283.39 12,744,070.85 52,020,150.09 13,005,037.52
(2)于 2012 年 6 月 30 日，无未确认递延所得税资产。
10、其他非流动资产
人民币元
项目 2012 年 6 月 30 日 年初数
预付投资款 - 15,262,988.76
合计 - 15,262,988.76
年初数系本公司预付国泰君安证券股份有限公司的投资款，在本期确权转入长期投资。
11、应付职工薪酬
人民币元
项目 年初数 本期增加 本期减少 2012年 6月 30日
一、工资、奖金、津贴和补贴 8,577,695.16 829,083.07 (8,189,312.08) 1,217,466.15
二、职工福利费 - 332,728.64 (332,728.64) -
三、社会保险费 3,631.97 1,120,993.61 (1,124,625.58) -
其中：医疗保险费 - 356,788.66 (356,788.66) -
基本养老保险费 3,631.97 681,562.86 (685,194.83) -
失业保险费 - 45,526.44 (45,526.44) -
工伤保险费 - 21,794.43 (21,794.43) -
生育保险费 - 15,321.22 (15,321.22) -
四、住房公积金 - 189,448.00 (189,448.00) -
五、辞退福利 21,798,897.35 - (95,878.75) 21,703,018.60
六、其他 215,746.82 26,391.66 (41,746.72) 200,391.76
其中：工会经费和职工教育经费 215,746.82 26,391.66 (41,746.72) 200,391.76
合计 30,595,971.30 2,498,644.98 (9,973,739.77) 23,120,876.51
应付职工薪酬中无属于拖欠性质的金额。
54
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(十三) 母公司财务报表主要项目注释 -续
12、应交税费
人民币元
项目 2012 年 6 月 30 日 年初数
营业税 93,749.92 103,855.16
企业所得税 12,109.19 11,430,012.49
其他 29,155.93 137,257.66
合计 135,015.04 11,671,125.31
13、其他应付款
(1)其他应付款明细如下：
人民币元
项目 2012 年 6 月 30 日 年初数
锦江国际下属公司 - 415,498.71
锦江酒店集团下属公司 40,543.32 -
其他 8,744,040.21 10,077,636.68
合计 8,784,583.53 10,493,135.39
(2)本期末其他应付款中无应付持有公司 5%(含 5%)以上表决权股份的股东单位的情况。
(3)本期末其他应付款中应付关联方账款情况详见附注(十三)20(4)。
14、资本公积
人民币元
项目 年初数 本期增加 本期减少 2012 年 6 月 30 日
资本溢价 266,218,226.90 - - 266,218,226.90
其中：投资者投入的资本 266,218,226.90 - - 266,218,226.90
其他综合收益(注) 39,015,112.59 - (782,900.02) 38,232,212.57
其他资本公积 113,847,436.01 - - 113,847,436.01
其中：原制度资本公积转入 113,847,436.01 - - 113,847,436.01
合计 419,080,775.50 - (782,900.02) 418,297,875.48
注：详见附注(十三)18。
15、未分配利润
人民币元
项目 金额 提取或分配比例
年初未分配利润 416,361,728.43 --
加：本期净利润 18,960,411.42 --
减：提取法定盈余公积 1,896,041.14 注(1)
应付普通股股利 165,483,032.10 注(2)
期末未分配利润 267,943,066.61
注(1)：提取法定盈余公积
根据公司章程规定，法定盈余公积金按净利润之 10%提取。公司法定盈余公积金累计额公司注册资本
50%以上的，可不再提取。
注(2)：本期股东大会已批准的现金股利。
于 2012 年 6 月 1 日经股东大会批准，公司按已发行之股份 551,610,107 股(每股面值人民币 1 元)计算，
以每 10 股向全体股东派发现金红利 3 元(含税)，在本期转入应付股利。
55
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(十三) 母公司财务报表主要项目注释 -续
16、营业收入、营业成本
(1)营业收入
人民币元
项目 2012 年 1 月 1 日至 2011 年 1 月 1 日至
6 月 30 日止期间 6 月 30 日止期间
营业收入 11,169,120.03 9,416,760.96
营业成本 2,008,493.36 1,427,650.28
(2)主营业务(分行业)
人民币元
2012 年 1 月 1 日至 2011 年 1 月 1 日至
6 月 30 日止期间 6 月 30 日止期间
行业名称 营业收入 营业成本 营业收入 营业成本
酒店及相关业务 11,169,120.03 2,008,493.36 9,416,760.96 1,427,650.28
合计 11,169,120.03 2,008,493.36 9,416,760.96 1,427,650.28
17、投资收益
(1)投资收益明细情况
人民币元
项目 2012 年 1 月 1 日至 2011 年 1 月 1 日至
6 月 30 日止期间 6 月 30 日止期间
成本法核算的长期股权投资收益 76,879.31 153,839,676.21
权益法核算的长期股权投资收益 9,432,845.63 11,010,214.33
持有可供出售金融资产等期间取得的投资收益 1,250,888.90 11,000.00
处置交易性金融资产取得的投资收益 28,086.71 164,499.76
处置可供出售金融资产等取得的投资收益 1,742,870.28 1,489,670.10
合计 12,531,570.83 166,515,060.40
(2)按成本法核算的重大长期股权投资收益
人民币元
2012 年 1 月 1 日至 2011 年 1 月 1 日至 本期比上年同期增减
被投资单位 6 月 30 日止期间 6 月 30 日止期间 变动的原因
上海锦江汽车服务有限公司 - 148,987,526.66 该公司本期未实施利润分配
合计 - 148,987,526.66 --
18、其他综合收益
人民币元
项目 2012 年 1 月 1 日 2011 年 1 月 1 日
至 6 月 30 日止期间 至 6 月 30 日止期间
1.可供出售金融资产产生的利得(损失)金额 39,321.15 (2,981,078.20)
减：可供出售金融资产产生的所得税影响 9,830.28 (745,269.55)
前期计入其他综合收益当期转入损益的净额 812,390.89 1,036,814.10
小计 (782,900.02) (3,272,622.75)
合计 (782,900.02) (3,272,622.75)
56
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(十三) 母公司财务报表主要项目注释 -续
19、现金流量表补充资料
(1)现金流量表补充资料
人民币元
补充资料 本期累计数 上年同期累计数
1．将净利润调节为经营活动现金流量：
净利润 18,960,411.42 168,974,701.99
加：固定资产折旧 1,252,868.62 1,448,516.35
无形资产摊销 18,372.42 18,372.60
投资性房地产摊销及折旧 221,178.24 221,178.24
处置固定资产、无形资产和其他长期资产的损失(收
2,624.69 12,916.34
益以―－‖号填列)
公允价值变动亏损(收益以“－”号填列) 77,692.00 -
财务费用 (1,112,789.02) -
投资损失(收益以―－‖号填列) (12,531,570.83) (166,515,060.40)
递延所得税资产减少(增加以―－‖号填列) 23,969.69 19,301.80
存货的减少(增加以―－‖号填列) (17,735.29) 59,063.48
经营性应收项目的减少(增加以―－‖号填列) (147,195.41) (2,153,815.08)
经营性应付项目的增加(减少以―－‖号填列) (21,933,716.02) 2,848,238.38
经营活动产生的现金流量净额 (15,185,889.49) 4,933,413.70
2．现金及现金等价物净变动情况：
现金的期末余额 386,008,214.79 491,183,510.08
减：现金的年初余额 322,355,546.93 430,340,674.30
现金及现金等价物净增加额 63,652,667.86 60,842,835.78
(2)现金和现金等价物的构成
人民币元
项目 2012 年 6 月 30 日 年初数
一、现金 386,008,214.79 322,355,546.93
其中：库存现金 140,616.95 116,022.50
可随时用于支付的银行存款 385,867,597.84 322,239,524.43
二、期末现金余额 386,008,214.79 322,355,546.93
20、母公司关联交易情况
(1)购销商品、提供和接受劳务的关联交易
人民币元
2012 年 1 月 1 日至 2011 年 1 月 1 日至
6 月 30 日止期间 6 月 30 日止期间
关联交易 关联交易 占同类交易 占同类交易
关联方 类型 内容 金额 金额的比例(%) 金额 金额的比例(%)
锦江酒店集团下
购销商品 采购物品 164,254.77 5 4,580,907.36 100
属公司
锦江酒店集团下
接受劳务 管理费用 147,538.94 100 117,416.46 100
属公司（注）
定价原则及决策程序：根据本公司与各关联方签订的有关综合服务协议、产品购销合同等协议的规定定
价。重大关联交易需经董事会批准通过。
注：系应支付给锦江酒店集团下属公司的管理费。以酒店经营收入的 2%和酒店经营利润的 4%计算加
总，作为其提供服务的酬劳，服务包括一般行政、市场推广及采购等。
57
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
财务报表附注
2012 年 6 月 30 日止期间
(十三) 母公司财务报表主要项目注释 -续
20、母公司关联交易情况-续
(2)关联租赁情况
租赁费用 人民币元
出租方名称 承租方名称 租赁资产情况 本期租赁费用 租赁费用确定依据 租赁费用对公司影响
锦江国际(注) 本公司 房屋 58,116.00 租赁合同 不重大
注：本公司租赁锦江国际的房屋到期后不再续签合同，仅支付少量租赁费用，如按原合同价格计算，
本期未计的租赁费用为人民币 780,000.00 元。
(3)关联方资金拆借
人民币元
关联方 拆借金额 起始日 到期日 本期末余额 说明
拆出
上海吴淞罗吉冷藏
44,210,000.00 2011 年 7 月 20 日 2012 年 7 月 20 日 35,042,100.00 注1
有限公司
锦江汽车 130,000,000.00 2011 年 9 月 28 日 无 130,000,000.00 注2
锦江汽车 70,000,000.00 2010 年 12 月 23 日 无 20,000,000.00 注2
注 1：系对子公司的委托贷款，贷款年利率为 6.100%。
注 2：系对子公司的无息资金拆借。
(4)关联方应收应付款项
人民币元
项目名称 关联方 2012 年 6 月 30 日 年初数
应收账款 锦江国际下属公司 - 54,402.00
应收账款 锦江酒店集团下属公司 55,180.00 14,014.20
小计 55,180.00 68,416.20
其他应收款 锦江酒店集团下属公司 177,109.73 153,108.07
其他应收款 上海锦海捷亚物流管理有限公司 200,220.00 -
小计 377,329.73 153,108.07
其他应付款 锦江国际下属公司 - 415,498.71
其他应付款 锦江酒店集团下属公司 40,543.32 -
小计 40,543.32 415,498.71
上述母公司与关联方应收应付款项中未包括附注(十三)20(3)中通过银行对子公司的委托贷款。
(十四) 财务报表之批准
本公司的公司及合并财务报表于 2012 年 8 月 23 日已经本公司董事会批准。
* * * 财务报表结束 * * *
58
上海锦江国际实业投资股份有限公司 2012 年上半年度财务报告
2012 年 6 月 30 日止期间补充资料
补充资料
1、非经常性损益明细表
人民币元
项目 金额 说明
非流动资产处置损益 459,286.91 未包含营业外收入中的处置营运车辆收益
计入当期损益的政府补助(与企业业务密切相关，按照国家统一标准定额或定
量享受的政府补助除外) 2,065,990.35 --
计入当期损益的对非金融企业收取的资金占用费 - --
除同公司正常经营业务相关的有效套期保值业务外，持有交易性金融资产、 --
交易性金融负债产生的公允价值变动损益，以及处置交易性金融资产、交易
性金融负债和可供出售金融资产取得的投资收益 1,693,264.99
除上述各项之外的其他营业外收入和支出 1,633,204.71 --
所得税影响额 (1,462,936.74) --
少数股东权益影响额(税后) (161,653.56) --
合计 4,227,156.66 --
2、净资产收益率及每股收益
本净资产收益率和每股收益计算表是上海锦江国际实业投资股份有限公司(以下简称―锦江投资‖)按照中国证券
监督管理委员会颁布的《公开发行证券公司信息披露编报规则第 09 号 - 净资产收益率和每股收益的计算及披
露》(2011 年修订)的有关规定而编制的。
每股收益
报告期利润 加权平均净资产收益率(%) 基本每股收益 稀释每股收益
归属于公司普通股股东的净
4.41 0.172 不适用
利润
扣除非经常性损益后归属于
4.21 0.164 不适用
公司普通股股东的净利润
Shanghai Jin Jiang International Industrial
Investment Co., Ltd.
Stock Code of A share: 600650
Stock Code of B Share: 900914
Semi-Annual Report 2012
Contents
I. Important Notice…………………………………………………………………….2
II. Company Profile……………………………………………………………………2
III. Changes in Share capital and Particulars about Shareholders……………………..5
IV. Particulars about Directors, Supervisors and Superior Managers…………………7
V. Report of the Board of Directors…………………………………………………...8
VI. Significant Events……………………………………………...………………...10
VII. Financial Report (non-audited)…………………………...……………………15
VIII. Documents Available for Reference…………………………………………....15
1
Ⅰ. Important Notice
(Ⅰ)The Board of Directors, the Supervisory Committee as well as directors,
supervisors and superior managers of Shanghai Jin Jiang International Industrial
Investment Co., Ltd (hereinafter referred to as “the Company”) hereby guarantee that
there are no any omissions, fictitious or serious misleading statements carried in the
report and will take all responsibilities, individual and joint for the authenticity,
accuracy and integrity of the report.
(Ⅱ) All the directors were present at the meeting of Board of Directors.
(Ⅲ) This Semi-Annual Report is non-audited.
(Ⅳ) Chairman as well as person in charge of the Company Shen Maoxing, CEO Yang
Yuanping, person in charge of accounting affirms as well as CFO Pu Rongping and
person in charge of accounting firm also being Chief Accountant Liu Chaohui declare
To confirm that the Financial Report enclosed in this Semi-Annual Report is authentic
and complete.
(Ⅴ) Whether there was non-operating capital occupation by controlling shareholder or
related parties of the Company? No.
(Ⅵ) Whether there was external guarantee for others going against stated
decision-making procedure? No.
(VII) This report was compiled both in Chinese and English. If there is any
inconsistency, please refer to the Chinese edition.
Ⅱ. Company Profile
(I) Basic information
Legal Name of the
上海锦江国际实业投资股份有限公司
Company in Chinese
Abbreviation 锦江投资
Legal Name of the
Shanghai Jin Jiang International Industrial Investment Co., Ltd.
Company in English
Abbreviation JJTZ
Legal Representative Shen Maoxing
(Ⅱ) Contact information
Company Secretary Securities Affairs Representative
Name Yuan Zhening (act as deputy) Huang Yuechong
2
28/F, 100 Yan’an Road East,
Contact address 28/F, 100 Yan’an Road East, Shanghai
Shanghai
Tel. （021）63218800 （021）63218800
Fax: （021）63213119 （021）63213119
E-mail: dshms@jjtz.com dshms@jjtz.com
(Ⅲ) Introduce to the Company
Registered Address 1 Pudong Avenue, Shanghai
Post Code 200120
Office Address 28/F, 100 Yan’an Road East, Shanghai
Post Code 200002
Internet website www.jjtz.com
E-mail dshms@jjtz.com
(Ⅳ) Information disclosure and preparation place
Newspaper chosen for information disclosure of the
Shanghai Securities News and Ta Kung Pao
Company
Internet website designated by CSRC for publishing
www.sse.com.cn
the annual report
The place where the annual report is prepared and
28/F, 100 Yan’an Road East, Shanghai
placed
(Ⅴ) Stock of the Company
Stock of the Company
Stock exchange Abbr. of stock
Type Abbr. of stock Stock code
listed before the change
Shanghai Stock
A-share JJTZ 600650 Xin Jin Jiang
exchange
Shanghai Stock
B-share JTBG 900914 Xin Jin B Gu
exchange
(Ⅵ) Other relevant information
Initial Registration Date 24 Feb. 1993
Initial Registration Place 161 Changle Road, Shanghai
Registration Number of Business License for
310000400037314
Corporation
Tax registration number Local Tax Hu Zi 310115607200690
Organization code 607200690
Name of Certified Public Accounts engaged by
Deloitte Touche Tohmatsu CPA Ltd
the Company
Office address of Certified Public Accounts
30/F, the Bund Center, 222 Yan’an Road East, Shanghai
engaged by the Company
3
(Ⅶ) Financial accounting data and financial index
1. Main accounting data and financial index
Unit: RMB Yuan
Increase/decrease of
At the period-end At the period-end the period-end
of this period of last year compared with the
end of last year (%)
Total assets 3,158,817,572.61 3,052,156,229.03 3.49
Owners’ equity (or shareholders’ equity) 2,027,038,384.71 2,099,351,011.45 -3.44
Net assets per share attributable to
shareholders of listed company 3.675 3.806 -3.44
(Yuan/share)
Increase/decrease of
In the reporting The same period this reporting
period (Jan.-Jun.) of last year period year-on-year
(%)
Operating profit 117,882,985.94 179,769,862.11 -34.43
Total profit 134,785,626.52 200,477,701.56 -32.77
Net profit attributable to shareholders of
94,661,115.32 143,951,509.10 -34.24
listed company
Net profit after non-recurring gains and
losses attributable to shareholders of listed 90,433,958.66 132,477,164.92 -31.74
company
Basic earnings per share (Yuan) 0.172 0.261 -34.10
Basic earnings per share after
0.164 0.240 -31.67
non-recurring gains and losses (Yuan)
Weighted average return on net assets (%) 4.41 7.00 -2.59
Net cash flow arising from operating
119,768,505.87 231,981,271.12 -48.37
activities
Net cash flow per share arising from
0.217 0.421 -48.46
operating activities (Yuan)
2. Items and amount of non-recurring gains and losses
Unit: RMB Yuan
Items Amount
Gains and losses from disposal of non-current assets 459,286.91
Government subsidies recorded into current gains and losses, excluding government
subsidies with close relationship with the Company’s business and rationed government 2,065,990.35
grants in line with the united standard
Gain/loss from change of fair value arising from tradable financial asset and liabilities,
and investment gains from disposal of tradable financial assets and liabilities and 1,693,264.99
available-for-sale financial assets, other than valid hedging business related to the
4
Company’s common businesses
Other non-operating income and expenditure 1,633,204.71
Impact on income tax -1,462,936.74
Impact on minority shareholders’ equity (after tax) -161,653.56
Total 4,227,156.66
Ⅲ. Changes in share capital and particulars about shareholders
(Ⅰ) Statement on changes in share capital
In the reporting period, total shares and share capital structure of the Company
remained unchanged.
(Ⅱ) Introduction about shareholders and actual controller
1. Number of shareholders and shares held
Unit: Share
Total number of shareholders at the end of the reporting
62,780 (shareholders of B-share:28,530)
period
Particulars about shares held by the top ten shareholders
Shares
Increase/d
Propor subject
ecrease in Shares
tion of Total shares to
Nature of
Name of shareholders shares the pledged
shareholders held trading
held
reporting or frozen
(%) moratori
period
um
SHANGHAI JIN JIANG
State-owned
INTERNATIONAL HOTELS (GROUP) 38.54 212,586,460 0 No
corporation
COMPANY LIMITED
SHANGHAI INTERNATIONAL State-owned
0.71 3,934,212 -20,909 0 Unknown
TRUST CO., LTD corporation
SHANGHAI JINJIANG HOTEL CO., State-owned
0.68 3,761,493 0 Unknown
LTD. corporation
Domestic
HU JIAYING 0.66 3,641,310 0 Unknown
natural person
Foreign natural
CAI QINFENG 0.59 3,228,635 0 Unknown
person
CHINA GALAXY
SECURITIES-CLIENT CREDIT
Other 0.36 2,000,831 0 Unknown
COLLATERAL SECURITIES
TRADING ACCOUNT
SHANGHAI FAIRMONT PEACE State-owned
0.33 1,839,974 0 Unknown
HOTEL CO., LTD corporation
SHANGHAI JIN JIANG AUTO
Other 0.29 1,600,000 0 Unknown
SERVICE CO., LTD. (LABOR UNION)
PACIFIC DRAGON FUND I LIMITED Other 0.29 1,582,295 0 Unknown
5
SHANGHAI HIGHLY (GROUP) CO.,
Other 0.27 1,500,000 0 Unknown
LTD.
Particulars about shares not subject to trading moratorium held by the top ten shareholders
Shares not subject to
Name of shareholders Type of share
trading moratorium held
SHANGHAI JIN JIANG INTERNATIONAL HOTELS (GROUP)
212,586,460 RMB ordinary share
COMPANY LIMITED
SHANGHAI INTERNATIONAL TRUST CO., LTD 3,934,212 RMB ordinary share
SHANGHAI JINJIANG HOTEL CO., LTD. 3,761,493 RMB ordinary share
Domestically listed
HU JIAYING 3,641,310
foreign share
Domestically listed
CAI QINFENG 3,228,635
foreign share
CHINA GALAXY SECURITIES-CLIENT CREDIT COLLATERAL
2,000,831 RMB ordinary share
SECURITIES TRADING ACCOUNT
SHANGHAI FAIRMONT PEACE HOTEL CO., LTD 1,839,974 RMB ordinary share
SHANGHAI JIN JIANG AUTO SERVICE CO., LTD. (LABOR
1,600,000 RMB ordinary share
UNION)
Domestically listed
PACIFIC DRAGON FUND I LIMITED 1,582,295
foreign share
SHANGHAI HIGHLY (GROUP) CO., LTD. 1,500,000 RMB ordinary share
Explanation on Among the top ten shareholders of the Company, there are associated relationship and concerted
associated actions between the 1st shareholders and the 3rd, 7th and 8th shareholders. Jin Jiang International
relationship among Holdings Co., Ltd., controlling shareholder of the Company, is also actual controller of Shanghai
the top ten Jinjiang Hotel Co., Ltd. and Shanghai Fairmont Peace Hotel Co., Ltd. Shanghai Jin Jiang Auto Service
shareholders or Co., Ltd. (Labor Union) is an organization under the Company. It is unknown whether there is
acting-in-concert associated relationship or action-in-concert among other shareholders.
2. Changes in controlling shareholder and actual controller
Controlling shareholder and actual controller of the Company remained unchanged in
the reporting period.
Ⅳ. Particulars about Directors, Supervisors and Superior Managers
(Ⅰ) Changes in shares held by directors, supervisors and superior manager
In the reporting period, directors, supervisors and superior managers of the Company
remained unchanged.
(Ⅱ) Newly engagement or dismiss of directors, supervisors and superior managers
On 23 Mar. 2012, with resolution passed on the 21st Session of the 6th Board of
Directors of the Company, the Company decided to engage Pu Rongping as Secretary
to the Board of Directors, of which his term of work is in accordance with the term of
this Board of Directors.
Yu Jiangmin was no longer concurrently acted as Secretary to the Board of Directors
6
of the Company.
Ⅴ. Report of the Board of Directors
(I) Discussion and Analysis of overall operation of the Company during the reporting
period
During the reporting period, the Company focused on the goals set for the year,
proactively overcame difficulties, pushed forward transformation and development,
tried to increase earnings and reduce cost, kept to progressing in stability and
maintained a stable business performance.
In the reporting period, the first phase of the “Jin Jiang Auto Service Center” project
of Shanghai Jin Jiang Auto Service Co., Ltd. was completed and put into operation,
showing preliminary business gathering effects and increasing auto repair business.
Meanwhile, seizing commercial opportunities in the peak time of passenger transport
in holidays of Spring Festival, Tomb-sweeping Day and the “golden week” of May
Day, as well as in the cruise market, the Company expanded its marketing and market
share. It improved its estimation about the earnings of the auto chartering and leasing
business, increased the chartering and leasing prices, solidified and expanded the
commercial chartering and leasing market share. At the same time, considering the
rising labor cost, it kept exploring and improving the taxi management mode and
enhanced the management over the team of taxi drivers. It made use of its advantage
in the e-commerce network to provide the 24-hour online auto service booking service
and online auto train services, and at the same time made use of the information
network and the GPS system to increase management efficiency and quality. As for
the cold logistics subsidiaries, they increased the warehouse utilization rate through
scientific management, proactively pushed forward the “normal temperature
warehouses-temperature-changing warehouses” technical innovation project,
enhanced interaction with external warehouses, and further expanded its cold storage
market share. The Company also proactively pursued the development of a logistics
base for the cruise mother port. JHJ International Transportation Co., Ltd. improved
its logistics team, proactively expanded its logistics business and increased
competitiveness. Meanwhile, it continued to develop the
direct-transportation-to-customers, special service and value-added services so as to
enlarge its market share. JHJ International Transportation Co., Ltd. has been chosen
by the Shanghai Municipal Government as one of the first-contact enterprises for
facilitating trade of Shanghai.
In the reporting period, progress was made regarding the strategic cooperation project
between the Company and Shanghai Fisheries General Corp. (Group) (SFGCG). The
joint venture—Shanghai Shuijinyang Food Co., Ltd.—was incorporated with a
registered capital of RMB 25 million, of which the Company contributed RMB 10
million, accounting for 40% of the equity interests of the joint venture. Learning from
the “Four Centers” strategic idea of Shanghai, keeping in mind Shanghai’s tourism
development planning and the Company’s strategic goals for the “twelfth five-year”
and with transformation and development as the guiding ideology, the Company
proactively pushed forward research and exploration for new business growth points.
For the reporting period, the Company achieved operating income of
RMB979.5million, up 8.37% as compared with the same period of last year; operating
profit of RMB117.88 million, down34.43% on a year-on-year basis; and net profit of
RMB94.66 million, representing a year-on-year decrease of34.24%.
(II) Main business of the Company and their operation status
7
1. Statement on main business classified according to industries and products
Unit: RMB Yuan
Changes Changes
of of Changes of
Gross
Operating operating operating gross profit
Industry Operating cost profit
income income cost over ratio over last
ratio (%)
over last last year year (%)
year (%) (%)
Vehicle
operation and 537,955,832.13 401,268,581.50 25.41 -7.72 3.21 -7.90
relevant business
Auto sales 354,978,966.99 330,214,847.72 6.98 41.65 43.79 -1.39
Low-temperature
logistics and 58,912,842.97 34,011,348.62 42.27 24.63 39.33 -6.09
relevant business
Of which: During the reporting period, related transactions, for which the Company
offered products and labor service to its controlling shareholders and subsidiaries,
amounted to RMB 1.37million.
Notes:
A. Operating income from sale of vehicles went up 41.65% from a year earlier, which
was mainly due to the two new 4S shops opened this year.
B. As for the cold logistics business, operating revenue and cost increased while the
gross profit rate decreased mainly due to the growing warehouse capacity for leasing
to external parties.
2. Main businesses classified according to regions
Unit: (RMB) Yuan
Increase/ decrease over the same period of
Region Operating income
last year (%)
Shanghai 979,501,238.99 8.37
3. Operational status of joint stock companies (applicable only when the returns of
investment in the company exceed 10% of the Company’s net profit)
Unit: (RMB) Yuan
Investment yield Proportion in
Name of contributed by net profit of the
Business scope Net profit
company joint stock listed Company
company (%)
Handling inward and
Shanghai
outward goods and mails in
Pudong
the cargo terminals in
International
Shanghai Pudong 170,803,220.50 22,204,418.67 23.46
Airport Cargo
International Airport for
Terminal Co.,
airlines, freight forwarders
Ltd.
and freighters.
4. Analysis to reason for great change in profit composing compared with the same
period of last year
Unit: RMB Yuan
Amount of the
Items of profit Amount of Increase/decrease Explanation on reason for
same period of
income current period ratio (%) change
last year
Operating cost 772,944,672.89 647,928,299.57 19 The two new auto sales
8
subsidiaries opened in the
reporting period caused a higher
cost in this respect.
The shift from operating tax to
Operating tax
5,336,467.18 21,685,622.56 -75 VAT resulted in different
and surtaxes
measurement of the tax.
Investment income from
Investment
58,138,088.47 76,066,957.94 -24 associates and joint ventures
income
decreased.
Operating The tax reform and the rising
117,882,985.94 179,769,862.11 -34
profit labor cost
(III) Investments by the Company
1. Use of raised funds
In the reporting period, the Company did not raise any funds or use any funds raised
in the previous periods.
2. Projects invested by non-raised funds
Unit: RMB Ten thousand
Name of project Amount for project Project progress Project earnings
Shanghai Shuijinyang Food Going through business
1,000
Co., Ltd. registration formalities
(IV) Formulation and execution of the Company’s cash dividend policy during the
reporting period
The cash dividend policy of the Company is specified explicitly in its Articles of
Association. According to the latest CSRC requirements regarding cash dividend
policies, the Company is amending the provisions in its Articles of Association
regarding its cash dividend policy.
The cash dividend standards and ratios, decision-making procedure, etc. of the 2011
annual profit distribution plan reviewed and approved by the Board of Directors and
the Shareholders’ General Meeting during the reporting period are in line with the
relevant provisions of the Company’s Articles of Association (see VI (II) in this report
for details).
Ⅵ. Significant Events
(Ⅰ) Corporate governance
In the reporting period, in strict compliance with the Company Law, Securities Law,
regulations concerning corporate governance issued by CSRC and the Rules of
Shanghai Stock Exchange for Stock Listing, the Company constantly perfected its
corporate governance structure and regulated its operation. The shareholders’ general
meetings, boards of directors, boards of supervisors and the manager teams of the
Company and its controlled subsidiaries all worked in a regulated way with clear
rights and responsibilities; Meanwhile, the Company took effective measures to
strengthen the management of relationship with investors and strictly control its
information disclosure, so as to make sure the factuality, accuracy, completeness and
timeliness of information disclosure.
In the reporting period, according to the regulations and regulatory documents newly
issued by securities regulatory authorities, the Company formulated the
Accountability Rules for Major Mistakes in Annual Report Disclosure and the
Management Rules for Insiders and External Users of Information, which further
9
perfected its governance.
In the reporting period, according to requirements of securities regulators, the
Company formulated the Work Plan for Implementation of Internal Control
Regulations. The internal control standardization of the Company is going on
smoothly as scheduled. In the first half of this July, the Company examined the
internal control standardization work for the first half of the year and formed a special
report that has been submitted to the CSRC Shanghai Bureau. The Company will
continue to implement internal control standardization conscientiously in strict
compliance with relevant documents.
(Ⅱ) Implementation of profit distribution plan in the reporting period
Approved by the 2011 Annual Shareholders’ General Meeting of the Company on 1
Jun. 2012, the Company came up with its profit distribution plan for Y2011 specified
as follows: based on the Company’s total shares of 551,610,100 shares at the end of
the year 2011, cash dividend of RMB 3.00 (tax included) was to be distributed to all
the shareholders for every 10 shares.
On 29 Jun. 2012, the Company disclosed the public notice concerning profit
distribution implementation on Shanghai Securities News and Hong Kong Ta Kung
Pao. As disclosed in the public notice, the date of record for A-share was 5 Jul. 2012;
for B-share, the date of record was 10 Jul. 2012, and its last trading date was 5 Jul.
2012. Ex-dividend date: 6 Jul. 2012. Date of Payment: 19 Jul. 2012. And the
distribution of dividends for all the shareholders has been completed as at the
disclosure date of this report.
(Ⅲ) Significant lawsuits and arbitrations
The Company was not involved in any significant lawsuit or arbitration in the
reporting period.
(IV) Event relating to bankruptcy and reorganization
In the reporting period, there was no event relating to bankruptcy and reorganization.
(V) Equity of other listed companies and financial enterprises held by the Company
1. Securities investments
Gain/loss in
Ratio to
the
Ser Securiti Initial Shares Closing book closing
Securities Short form reporting
ial es investment cost held value (RMB securities
code of securities period
No. variety (RMB Yuan) (share) Yuan) investments
(RMB
(%)
Yuan)
1 Stock 601258 PDJT 1,080,000.00 60,000 366,000.00 44 -3,000.00
2 Stock 601558 HRFD 270,000.00 12,000 84,120.00 10 -9,720.00
3 Stock 002563 SMFS 100,500.00 1,500 39,555.00 5 -17,355.00
4 Stock 601012 LJGF 42,000.00 3,600 31,644.00 4 -10,356.00
5 Stock 601218 JXKJ 67,500.00 3,000 27,360.00 3 -5,880.00
6 Stock 002650 JJSP 30,000.00 1,200 25,080.00 3 -4,920.00
7 Stock 601616 GDDQ 57,000.00 5,400 24,462.00 3 -9,378.00
8 Stock 002539 XDHG 33,880.00 2,000 22,900.00 3 1,900.00
9 Stock 601799 XYGF 42,480.00 2,000 22,320.00 3 -1,940.00
10
10 Stock 300306 YFGD 22,500.00 500 20,500.00 2 -2,000.00
Other holding securities investment at
277,690.00 / 166,093.50 20 -16,643.00
period-end
Gains and losses from sales of securities
/ / / / 28,086.71
investment in the reporting period
Total 2,023,550.00 / 830,034.50 100 -51,205.29
2. Equity of other listed companies held by the Company
Unit: RMB Yuan
Changes in
Short Initial Proportion in Gains/ losses
Stock Book value at owners’ equity
form of investment the company’s in reporting
code period-end in reporting
stock amount shares (%) period
period
601328 JTYH 14,142,941.50 <1 51,359,680.70 509,072.45
600655 YYSC 1,861,827.95 <1 15,340,090.56 -730,017.00
601727 SHDL 497,340.08 <1 5,444,640.00 -483,570.00
600642 SNGF 205,333.33 <1 760,650.00 2,475.00
600827 YYGF 615,816.22 <1 3,238,946.49 -12,886.59
600643 AJGF 113,203.04 <1 495,000.00 1,742,870.28 -729,140.89
600082 HTFZ 90,000.00 <1 393,317.12 73,088.51
Total 17,526,462.12 / 77,032,324.87 1,742,870.28 -1,370,978.52
Notes: The equities mentioned above all belonged to the accounting entry of
available-for-sale financial assets and came from the subscription of corporate shares.
3. Equity of non-listed financial enterprises held by the Company
Changes of
Initial Proportion owners’
Amount of Book value at Gains/ losses in
investment in equity equity in
Name of entity shares held period-end reporting period
amount (RMB of the reporting
(share) (RMB Yuan) (RMB Yuan)
Yuan) company period
(RMB Yuan)
Guotai Junan
62,912,955.76 61,782,364 1.014 62,912,955.76 0 0
Securities Co., Ltd
Total 62,912,955.76 61,782,364 / 62,912,955.76 0 0
Note: The equities mentioned above all belonged to the accounting entry of long-term
equity investment and came from subscription of corporate shares.
(VI) Purchase and sale of assets, as well as assimilation and merger of the Company
in the reporting period
In the reporting period, the Company had no significant purchase and sale of assets, as
well as assimilation and merger of the Company.
(VII) Significant related transactions in the reporting period
There was no significant related-party transaction during the reporting period.
(VIII) Significant contracts and their execution
1. Particulars about trusteeship, contracting and leasing affairs, which brought profit
over 10% (including 10%) of total profit in the reporting period.
(1) Particulars about trusteeship affairs
The Company was not involved in any significant trusteeship affair in the reporting
11
period.
(2) Particulars about contracting affairs
The Company was not involved in any significant contracting affair in the reporting
period.
(3) Particulars about leasing affairs
The Company was not involved in any significant leasing affair in the reporting
period.
2. Guarantees
Unit: RMB 0’000
External guarantees provided by the Company (excluding guarantees for controlled subsidiaries)
Whether
Whethe Whet or not a
Relationship r or not her guarante
Amou Beginni Expirin
between Type guarant coun
nt of ng date g date e
guarantee Guaranteed of ee has ter
Guarantee provider guaran of of
provider and party guara been guar provided
tee guarant guarant
the listed ntee fully antee
ee ee for
Company accomp exist
lished s related
party
Shanghai
Joint
Yongda
Shanghai Jin Jiang -liabi
Controlled Fengdu 12 Apr. 12 Apr.
Auto Service Co., 360 lity Yes No No
subsidiary Vehicle 2010 2012
Ltd guara
Selling Co.,
ntee
Ltd
Shanghai
Joint
Yongda
Shanghai Jin Jiang -liabi
Controlled Fengdu 5 Feb. 6 Feb.
Auto Service Co., 400 lity Yes No No
subsidiary Vehicle 2010 2013
Ltd guara
Selling Co.,
ntee
Ltd
Shanghai
Joint
Yongda
Shanghai Jin Jiang -liabi
Controlled Fengdu 29 Mar. 28 Mar.
Auto Service Co., 800 lity Yes No No
subsidiary Vehicle 2011 2012
Ltd guara
Selling Co.,
ntee
Ltd
Shanghai Joint
Shanghai Jin Jiang Jinmao Jin -liabi
Controlled 24 Feb. 24 Feb.
Auto Service Co., Jiang Auto 1,000 lity Yes Yes No
subsidiary 2011 2012
Ltd Service Co., guara
Ltd. ntee
Shanghai
South Joint
Shanghai Jin Jiang Controlled
Station -liabi
Business and Travel subsidiary’s 20 Dec. 19 Dec.
Long-distanc 1,250 lity Yes No No
Auto Service Co., controlled 2010 2011
e Passenger guara
Ltd subsidiary
Transport ntee
Co., Ltd
Shanghai
Joint
Yongda
Shanghai Jin Jiang -liabi
Controlled Fengdu 24 May 23 May
Auto Service Co., 800 lity No No No
subsidiary Vehicle 2012 2013
Ltd guara
Selling Co.,
ntee
Ltd
Shanghai Jin Jiang Controlled Shanghai 800 16 Apr. 19 Dec. Joint No No No
12
Auto Service Co., subsidiary Yongda 2012 2014 -liabi
Ltd Fengdu lity
Vehicle guara
Selling Co., ntee
Ltd
Shanghai Joint
Shanghai Jin Jiang Jinmao Jin -liabi
Controlled 24 Feb. 24 Feb.
Auto Service Co., Jiang Auto 1,000 lity No Yes No
subsidiary 2012 2013
Ltd Service Co., guara
Ltd. ntee
Total amount of external guarantees in reporting period (excluding guarantees for
1,995
subsidiaries)
Total balance of external guarantees at period-end (A) (excluding guarantees for
1,995
subsidiaries)
Guarantees provided by the Company for controlled subsidiaries
Total amount of guarantees for controlled subsidiaries in reporting period 4,000
Total balance of guarantees for controlled subsidiaries at period-end（B） 4,000
Total amount of guarantees provided by the Company (including guarantees for subsidiaries)
Total amount of guarantees（A+B） 5,995
Proportion of total guarantee amount in the Company’s net assets (%) 2.96
Of which:
Amount guaranteed for shareholders, actual controller, and their related
0
parties（C）
Amount guaranteed for liabilities directly or indirectly offered to guaranteed
4,000
parties, of which the asset-liability ratio exceeds 70%（D）
The positive balance of total guaranteed amount minus 50% of net assets
0
（E）
Total amount of the aforesaid three guaranteed items（C+D+E） 4,000
3. Particulars about trust financing
(1) Particulars about trust financing
The Company was not involved in any significant trust financing affair in the
reporting period.
(2) Particulars about entrusted loans
There’s no item of entrusted loan of the Company in the reporting period.
4. Other significant contracts
The Company was not involved in any other significant contract in the reporting
period.
(IX) Particulars about fulfillment of commitments
No commitment made by the Company, the controlling shareholder or actual
controller took place or lasted into the reporting period.
(X) Engagement and dismissal of CPA firm by the Company
Whether to engage another CPA firm No
(XI) Punishment on the Company, its directors, supervisors, superior managers,
shareholders and actual controller, as well as particulars about relevant rectification
In the reporting period, the Company, its directors, supervisors, superior managers,
shareholders and actual controller did not receive any investigation, administrative
punishment, criticism by circular from CSRC, or any official criticism from stock
13
exchanges.
(XII) Explanation on other significant events
The Company was not involved in any other significant event.
(XIII) Index for information disclosed
Name and page number of the newspapers
Information disclosed Date of disclosure
for disclosure
Shanghai Securities News B36, Hong Kong
2011 Annual Report and Its Abstract 27 Mar. 2012
Ta Kung Pao B16
Announcement on Resolutions of the
Shanghai Securities News B36, Hong Kong
21st Session of the 6th Board of 27 Mar. 2012
Ta Kung Pao B16
Directors
Announcement on Expected Routine Shanghai Securities News B36, Hong Kong
27 Mar. 2012
Related-party Transactions for 2012 Ta Kung Pao B16
Announcement on Resolutions of the
Shanghai Securities News B36, Hong Kong
12th Session of the 6th Supervisory 27 Mar. 2012
Ta Kung Pao B16
Committee
Shanghai Securities News B46, Hong Kong
Report for the First Quarter of 2012 27 Apr. 2012
Ta Kung Pao B21
Announcement on Resolutions of the
23rd Session of the 6th Board of Shanghai Securities News B47, Hong Kong
11 May 2012
Directors & Notice on Convening the Ta Kung Pao A21
2011 Annual General Meeting
Announcement on Resolutions of the
Shanghai Securities News B47, Hong Kong
14th Session of the 6th Supervisory 11 May 2012
Ta Kung Pao A21
Committee
Announcement on Resolutions of the Shanghai Securities News B38, Hong Kong
2 Jun. 2012
2011 Annual General Meeting Ta Kung Pao B3
Announcement on Resolutions of the
Shanghai Securities News 21, Hong Kong
24th Session of the 6th Board of 16 Jun. 2012
Ta Kung Pao B3
Directors
Announcement on 2011 Annual Profit Shanghai Securities News B44, Hong Kong
29 Jun. 2012
Distribution Ta Kung Pao A48
Notes: The disclosed information as mentioned above can all be found at the website
of http://www.sse.com.cn.
Ⅶ. Financial report (unaudited)
1. Financial statement (attached);
2. Notes to financial report (attached).
Ⅷ. Documents for Reference
1. Text of this semi-annual report with the signature of Legal Representative;
2. Text of the financial report with the signatures and seals of the head of the
Company, Person-in-charge of accounting and Person-in-charge of the accounting
agency;
3. Original texts of all the Company’s documents and public notices disclosed in the
reporting period on the newspapers designated by CSRC.
Chairman of the Board: Shen Maoxing
Shanghai Jin Jiang International Industrial Investment Co., Ltd.
23 August 2012
14
SHANGHAI JIN JIANG INTERNATIONAL
INDUSTRIAL INVESTMENT CO., LTD.
Financial Statements for
Six Months Ended
30 June 2012
(Unaudited)
26 August, 2012
-1-
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
THE COMPANY AND CONSOLIDATED BALANCE SHEETS
AT 30 JUNE 2012
CONSOLIDATED BALANCE SHEET
Unit: RMB
Item
Notes 30 June 2012 31 December 2011 Item Notes 30 June 2012 31 December 2011
Current assets: Current liabilities:
Cash and bank balance V1 700,624,394.28 616,692,362.37 Short-term borrowings V 21 33,667,900.00 33,667,900.00
Held-for-trading financial 830,034.50 848,726.50
V2 Notes Payable V 22 17,319,000.00 29,276,600.00
assets
Notes receivable V3 - 1,000,000.00 Accounts payable V 23 60,128,021.25 77,275,257.44
Accounts receivable V4 60,308,352.66 38,774,262.61 Receipts in advance V 24 90,150,284.89 99,300,410.58
Other receivables V5 42,686,292.86 35,773,506.90 Interest payable V 25 513,435.48 -
Prepayments V6 40,825,638.85 41,701,124.48 Employee benefits payable V 26 103,653,667.18 69,970,866.37
Dividends receivable V7 92,793,462.34 - Taxes payable V 27 19,478,904.60 48,212,392.82
Inventories V8 101,424,910.13 71,237,709.61 Dividends payable V 28 185,435,019.45 19,951,987.35
Non-current assets due within
V9 4,230,667.23 4,230,667.23 Other payables V 29 295,921,209.75 262,130,098.41
one year
Other current assets V 11 - 2,832,400.43 Non-current liabilities due within one year V 30 1,028,092.49 2,077,846.62
Total current assets 1,043,723,752.85 813,090,760.13 Total current liabilities 807,295,535.09 641,863,359.59
Non-current liabilities:
Deferred tax liabilities V 18 14,876,465.56 15,333,458.39
Non-current assets: Other non-current liabilities V 30 49,915,370.34 49,653,634.01
Available-for-sale financial
V 12 77,032,324.87 79,313,107.86 Total non-current liabilities 64,791,835.90 64,987,092.40
assets
Long-term equity investments V 10 712,285,409.15 774,365,974.10 TOTAL LIABILITIES 872,087,370.99 706,850,451.99
Investment properties V 13 33,164,678.48 33,550,558.10
Fixed assets V 14 963,264,870.66 1,012,620,633.99 SHAREHOLDERS' EUQITY
Construction in progress V 15 5,180,787.40 2,454,281.18 Share capital V 31 551,610,107.00 551,610,107.00
Intangible assets V 16 302,428,794.21 302,840,184.69 Capital reserve V 32 440,639,368.25 442,130,078.21
Long-term prepaid expenses V 17 6,655,219.19 3,552,034.73 Surplus reserve V 33 254,888,550.13 252,992,508.99
Deferred tax assets V 18 6,538,771.32 6,562,741.01 Unappropriated profit V 34 779,900,359.33 852,618,317.25
Total shareholders' equity attributable to
Other non-current assets V 19 8,542,964.48 23,805,953.24 2,027,038,384.71 2,099,351,011.45
equity holders of the Company
Total non-current assets 2,115,093,819.76 2,239,065,468.90 Minority interests 259,691,816.91 245,954,765.59
TOTAL SHAREHOLDERS' EQUITY 2,286,730,201.62 2,345,305,777.04
TOTAL LIABILITIES AND
TOTAL ASSETS 3,158,817,572.61 3,052,156,229.03 3,158,817,572.61 3,052,156,229.03
SHAREHOLDERS' EQUITY
THE COMPANY BALANCE SHEET
Unit: RMB
Item Notes 30 June 2012 31 December 2011 Item Notes 30 June 2012 31 December 2011
Current assets: Current liabilities:
Cash and bank balance XIII 1 386,008,214.79 322,355,546.93 Accounts payable 1,212,145.45 2,315,831.64
Held-for-trading financial
830,034.50 848,726.50 Receipts in advance 221,926.10 273,198.50
assets
Dividends receivable XIII 2 65,586,793.97 58,000,000.00 Employee benefits payable XIII 11 23,120,876.51 30,595,971.30
Interest receivables 2,256,545.93 1,143,756.91 Taxes payable XIII 12 135,015.04 11,671,125.31
Accounts receivable 318,432.95 397,465.91 Dividends payable 185,435,019.45 19,951,987.35
Prepayments 79,857.00 34,783.00 Other payables XIII 13 8,784,583.53 10,493,135.39
Other receivables XIII 3 150,580,861.94 200,399,707.57 Other current liabilities - -
Inventories 115,101.22 97,365.93 Total non-current liabilities 218,909,566.08 75,301,249.49
Other current assets XIII 4 35,042,100.00 44,210,000.00
Total current assets 640,817,942.30 627,487,352.75
Non-current assets: Non-current liabilities:
Available-for-sale financial
XIII 5 67,462,462.79 68,959,141.12 Deferred tax liabilities XIII 9 12,744,070.85 13,005,037.52
assets
Long-term equity
XIII 6 948,504,514.41 947,895,473.99 Total non-current liabilities 12,744,070.85 13,005,037.52
investments
Investment properties XIII 7 19,948,299.31 20,169,477.55 TOTAL LIABILITIES 231,653,636.93 88,306,287.01
Fixed assets XIII 8 40,176,113.78 41,148,539.09
Construction in progress 115,312.00 17,500.00 SHAREHOLDERS' EQUITY:
Intangible assets 829,820.24 848,192.66 Share capital 551,610,107.00 551,610,107.00
Deferred tax assets XIII 9 6,538,771.32 6,562,741.01 Capital reserve XIII 14 418,297,875.48 419,080,775.50
Other non-current assets XIII 10 - 15,262,988.76 Surplus reserve 254,888,550.13 252,992,508.99
Total non-current assets 1,083,575,293.85 1,100,864,054.18 Unappropriated profit XIII 15 267,943,066.61 416,361,728.43
TOTAL SHAREHOLDERS' EQUITY 1,492,739,599.22 1,640,045,119.92
TOTAL LIABILITIES AND
TOTAL ASSETS 1,724,393,236.15 1,728,351,406.93 1,724,393,236.15 1,728,351,406.93
SHAREHOLDERS' EQUITY
The accompanying notes form part of the financial statements.
The financial statements on pages 2 to 79 were signed by the following:
Head of the Company: Chief Financial Officer: Head of Accounting Department:
Yang Yuan Ping Pu Rong Ping Liu Zhao Hui
2
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
THE COMPANY AND CONSOLIDATED INCOME STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
CONSOLIDATED INCOME STATEMENT
Unit: RMB
For six months For six months ended
Item Notes
ended 30 June 2012 30 June 2011
I. Total operating income 979,501,238.99 903,832,524.09
Including: Operating income V 35 979,501,238.99 903,832,524.09
II. Total operating costs 919,678,649.52 800,129,619.92
Including: Operating costs V 35 772,944,672.89 647,928,299.57
Business taxes and levies V 36 5,336,467.18 21,685,622.56
Selling expenses 87,319,571.31 79,618,659.43
Administrative expenses 55,951,239.21 51,401,488.12
Financial expenses V 37 (1,873,301.07) (503,999.76)
Impairment loss on assets V 38 - (450.00)
Add: Gains (losses) from changes in fair values V 39 (77,692.00) -
Investment income V 40 58,138,088.47 76,066,957.94
Including: Income from investment in associates and joint
53,910,998.07 64,714,331.60
ventures
III. Operating profit 117,882,985.94 179,769,862.11
Add: Non-operating income V 41 17,027,464.45 21,952,122.48
Less: Non-operating expenses V 42 124,823.87 1,244,283.03
Including: Losses from disposal of non-current assets 6,277.11 1,218,790.07
IV. Total profit 134,785,626.52 200,477,701.56
Less: Income tax expenses V 43 19,081,476.31 29,886,955.72
V. Net profit 115,704,150.21 170,590,745.84
Net profit attributable to shareholders of the Company 94,661,115.32 143,951,509.10
Profit attributable to minority interests 21,043,034.89 26,639,236.74
VI. Earnings per share: V 44
Basic earnings per share 0.172 0.261
Diluted earnings per share N/A N/A
VII. Other comprehensive income (losses) V 45 (1,522,462.67) (5,817,380.47)
VIII. Total comprehensive income 114,181,687.54 164,773,365.37
Total comprehensive income attributable to
93,170,405.36 138,216,547.16
shareholders of the Company
Total comprehensive income attributable to minority
21,011,282.18 26,556,818.21
interests
3
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
THE COMPANY AND CONSOLIDATED INCOME STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
THE COMPANY INCOME STATEMENT
Unit: RMB
For six months ended For six months ended
Item Notes
30 June 2012 30 June 2011
I. Operating income XIII 16 11,169,120.03 9,416,760.96
Less: Operating costs XIII 16 2,008,493.36 1,427,650.28
Business taxes and levies 626,721.95 530,256.96
Selling expenses 4,454,216.88 4,060,811.52
Administrative expenses 706,803.92 3,471,302.10
Financial expenses (3,167,312.20) (2,685,068.11)
Impairment loss on assets - -
Add: Gains (losses) from changes in fair values (77,692.00) -
Investment income XIII 17 12,531,570.83 166,515,060.40
Including: Income from investment in associates and joint 11,010,214.33
9,432,845.63
ventures
II. Operating profit 18,994,074.95 169,126,868.61
Add: Non-operating income 5,573.85 7,162.40
Less: Non-operating expenses 3,158.49 12,916.34
Including: Losses from disposal of non-current assets 2,658.49 12,916.34
III. Total profit 18,996,490.31 169,121,114.67
Less: Income tax expenses 36,078.89 146,412.68
IV. Net profit 18,960,411.42 168,974,701.99
V. Other comprehensive income (losses) XIII 18 (782,900.02) (3,272,622.75)
VI. Total comprehensive income 18,177,511.40 165,702,079.24
4
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
THE COMPANY AND CONSOLIDATED CASH FLOW STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
CONSOLIDATED CASH FLOW STATEMENT
Unit: RMB
For six months ended For six months ended
Item Notes 30 June 2012 30 June 2011
I. Cash flows from operating activities:
Cash receipts from the sale of goods and the rendering of services 959,842,634.57 895,351,795.93
Other cash receipts relating to operating activities 66,134,640.01 79,663,221.49
Sub-total of cash inflows from operating activities 1,025,977,274.58 975,015,017.42
Cash payments for goods purchased and services received 602,325,871.79 461,182,279.39
Cash payments to and on behalf of employees 196,323,585.42 196,341,034.25
Payments of all type of taxes 82,586,672.59 61,154,953.43
Other cash payments relating to operating activities 24,972,638.91 24,355,479.23
Sub-total of cash outflows from operating activities 906,208,768.71 743,033,746.30
Net cash flows from operating activities V 46(1) 119,768,505.87 231,981,271.12
II. Cash flow from investing activities:
Cash receipts from disposals and recovery of investments 2,195,682.43 1,747,251.31
Cash receipts from investment income 40,793,825.32 24,348,676.65
Net cash receipts from disposals of fixed assets, intangible assets and
other long-term assets 49,928,157.04 30,908,872.64
Net cash receipts from disposals of subsidiaries and other business
units - -
Other cash receipts relating to investing activities - -
Sub-total of cash inflows from operating activities 92,917,664.79 57,004,800.60
Cash payments to acquire and construct fixed assets, intangible
assets and other long-term assets 117,085,274.79 227,508,729.17
Cash payments to acquire investments - 8,542,964.48
Net cash payments for acquisitions of subsidiaries and other business
units - -
Other cash payments relating to investing activities - -
Sub-total of cash outflows from operating activities 117,085,274.79 236,051,693.65
Net cash flows from investing activities (24,167,610.00) (179,046,893.05)
III. Cash flows from financing activities:
Cash receipts from capital contributions - -
Including: Cash receipts from capital contributions by minority
shareholders of subsidiaries - -
Cash receipts from borrowings - -
Sub-total of cash inflows from financing activities - -
Cash repayments of borrowings - -
Cash payments for distribution of dividends or profits or settlement
of interest expenses 7,878,448.36 12,382,860.38
Including: payments for distribution of dividends or profits to
minority owner of subsidiaries 7,274,230.86 9,454,676.01
Cash payments relating to other financing activities 3,790,415.60 36,030,714.33
Sub-total of cash outflows from financing activities 11,668,863.96 48,413,574.71
Net cash flows from financing activities (11,668,863.96) (48,413,574.71)
IV. Effect of foreign exchange rate changes on cash and cash
equivalents - -
V. Net increase (decrease) in cash and cash equivalents 83,932,031.91 4,520,803.36
Add: Opening balance of cash and cash equivalents V 46(2) 616,692,362.37 757,555,245.06
VI. Closing balance of cash and cash equivalents V 46(2) 700,624,394.28 762,076,048.42
5
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
THE COMPANY AND CONSOLIDATED CASH FLOW STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
THE COMPANY CASH FLOW STATEMENT
Unit: RMB
For six months ended For six months ended
Item Notes 30 June 2012 30 June 2011
I. Cash flows from operating activities:
Cash receipts from the sale of goods and the rendering of services 11,248,152.99 9,359,614.29
Other cash receipts relating to operating activities 767,416.74 7,193,252.20
Sub-total of cash inflows from operating activities 12,015,569.73 16,552,866.49
Cash payments for goods purchased and services received 1,015,483.74 1,466,933.45
Cash payments to and on behalf of employees 9,973,739.77 7,283,705.41
Payments of all type of taxes 12,320,542.69 716,163.71
Other cash payments relating to operating activities 3,891,693.02 2,152,650.22
Sub-total of cash outflows from operating activities 27,201,459.22 11,619,452.79
Net cash flows from operating activities XIII 19(1) (15,185,889.49) 4,933,413.70
II. Cash flow from investing activities:
Cash receipts from disposals and recovery of investments 2,195,682.43 1,747,251.31
Cash receipts from investment income 17,855,854.92 90,262,652.60
Net cash receipts from disposals of fixed assets, intangible assets and
other long-term assets 530.00 -
Other cash receipts relating to investing activities 59,167,900.00 -
Sub-total of cash inflows from investing activities 79,219,967.35 92,009,903.91
Cash payments to acquire and construct fixed assets, intangible assets
and other long-term assets 381,410.00 38,404.00
Cash payments to acquire investments - -
Sub-total of cash outflows from investing activities 381,410.00 38,404.00
Net cash flows from investing activities 78,838,557.35 91,971,499.91
III. Cash flows from financing activities:
Other cash receipts relating to financing activities - -
Sub-total of cash inflows from financing activities - -
Cash payments for distribution of dividends or profits or settlements
of interest expenses - 31,363.50
Cash payments relating to other financing activities - 36,030,714.33
Sub-total of cash outflows from financing activities - 36,062,077.83
Net cash flows from financing activities - (36,062,077.83)
IV. Effect of foreign exchange rate changes on cash and cash equivalents - -
V. Net increase in cash and cash equivalents 63,652,667.86 60,842,835.78
Add: Opening balance of cash and cash equivalents XIII 19(2) 322,355,546.93 430,340,674.30
VI. Closing balance of cash and cash equivalents XIII 19(2) 386,008,214.79 491,183,510.08
6
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
THE COMPANY AND CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY
FOR SIX MONTHS ENDED 30 JUNE 2012
CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY
Unit: RMB
For six months ended 30 June 2012 For six months ended 30 June 2011
Item Attributable to equity holders of the Company Attributable to equity holders of the Company
Total
Minority Total shareholders Minority
shareholders
interests equity interests
Unappropriated Unappropriated equity
Share capital Capital reserve Surplus reserve Share capital Capital reserve Surplus reserve
profit Profit
I. Balance at 31
December 2011 551,610,107.00 442,130,078.21 252,992,508.99 852,618,317.25 245,954,765.59 2,345,305,777.04 551,610,107.00 436,404,492.81 228,288,330.29 799,364,990.68 182,101,198.73 2,197,769,119.51
II. Balance at 1
January 2012 551,610,107.00 442,130,078.21 252,992,508.99 852,618,317.25 245,954,765.59 2,345,305,777.04 551,610,107.00 436,404,492.81 228,288,330.29 799,364,990.68 182,101,198.73 2,197,769,119.51
III. Changes for the
period
(I) Net profit - - - 94,661,115.32 21,043,034.89 115,704,150.21 - - 143,951,509.10 26,639,236.74 170,590,745.84
-
(II) Other
comprehensive income - (1,490,709.96) - - (31,752.71) (1,522,462.67) - (5,734,961.94) - - (82,418.53) (5,817,380.47)
Subtotal of (I) and
(II) - (1,490,709.96) - 94,661,115.32 21,011,282.18 114,181,687.54 - (5,734,961.94) - 143,951,509.10 26,556,818.21 164,773,365.37
(III) Owners
contributions and
reduction in capital
1. Capital contribution
from owners - - - - - - - - - - - -
2. Share-based
payment recognised in
shareholders' equity
- - - - - - - - - - - -
3. Others - - - - - - - - - - 57,916,903.05 57,916,903.05
(IV) Profit distribution
1. Transfer to surplus
reserve - - 1,896,041.14 (1,896,041.14) - - - - 16,897,470.20 (16,897,470.20) - -
2. Distribution to
shareholders - - - (165,483,032.10) (7,274,230.86) (172,757,262.96) - - - (165,483,032.10) (17,296,124.78) (182,779,156.88)
IV. Balance at 30
June 2012 551,610,107.00 440,639,368.25 254,888,550.13 779,900,359.33 259,691,816.91 2,286,730,201.62 551,610,107.00 430,669,530.87 245,185,800.49 760,935,997.48 249,278,795.21 2,237,680,231.05
7
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
THE COMPANY AND CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY
FOR SIX MONTHS ENDED 30 JUNE 2012
THE COMPANY STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY
Unit: RMB
For six months ended 30 June 2012 For six months ended 30 June 2011
Item
Unappropriated Total shareholders Unappropriated Total shareholders
Share capital Capital reserve Surplus reserve Share capital Capital reserve Surplus reserve
profit equity profit equity
I. Balance at 31
December 2011 551,610,107.00 419,080,775.50 252,992,508.99 416,361,728.43 1,640,045,119.92 551,610,107.00 432,216,934.20 228,288,330.29 359,507,152.20 1,571,622,523.69
II. Balance at 1 January
2012 551,610,107.00 419,080,775.50 252,992,508.99 416,361,728.43 1,640,045,119.92 551,610,107.00 432,216,934.20 228,288,330.29 359,507,152.20 1,571,622,523.69
III. Changes for the
period
(I) Net profit - - - 18,960,411.42 18,960,411.42 - - - 168,974,701.99 168,974,701.99
(II) Other
comprehensive income - (782,900.02) - - (782,900.02) - (3,272,622.75) - - (3,272,622.75)
Subtotal of (I) and
(II)
- (782,900.02) - 18,960,411.42 18,177,511.40 - (3,272,622.75) - 168,974,701.99 165,702,079.24
(III) Owners
contributions and
reduction in capital
1. Capital contribution
from owners - - - - - - - - - -
2. Share-based
payment recognised in
shareholders' equity - - - - - - - - - -
3. Others - - - - - - - - - -
(IV) Profit distribution
1. Transfer to surplus
reserve - - 1,896,041.14 (1,896,041.14) - - - 16,897,470.20 (16,897,470.20) -
2. Distribution to
shareholders - - - (165,483,032.10) (165,483,032.10) - - - (165,483,032.10) (165,483,032.10)
IV. Balance at 30 June
2012 551,610,107.00 418,297,875.48 254,888,550.13 267,943,066.61 1,492,739,599.22 551,610,107.00 428,944,311.45 245,185,800.49 346,101,351.89 1,571,841,570.83
The accompanying notes form part of the financial statements.
8
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
I. Company Profile
Shanghai Jin Jiang International Industrial Investment Co., Ltd. (the "Company"), whose
headquarter is located in Shanghai, is a limited company incorporated in the Peoples Republic
of China (the "PRC"), reformed from Shanghai Jin Jiang Tower on February 24, 1993. The
Company has issued public offering of domestically-listed RMB ordinary shares (A share) and
domestically-listed foreign shares (B shares) in Shanghai Stock Exchange since year 1993.
The Company's former holding company is Jin Jiang International (Group) Co., Ltd. (the "Jin
Jiang International"). As at February 14, 2011, Jin Jiang international transferred 38.54% of
the total share capital to Shanghai Jin Jiang International Hotels (Group) Co., Ltd. (the "Jin
Jiang Hotels Group"). After the capital registration, Jin Jiang Hotels Group holds 38.54% of
the total share capital and is the controlling shareholder of the Company.
The Group and its subsidiaries (the "Group") are mainly engaged in vehicles and logistics
business, including general warehousing, loading, processing, packing and relevant consulting
services. Moreover, the Group provided other relevant services, including supply chain storage,
transportation, purchase management and software development, and has obtained the
authorized licenses. In addition, the Group also participates in other relevant business, such as
cargo transportation, travel and hotel service, property management, office leasing and real
estate development.
II. THE COMPANY'S SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING
ESTIMATES
1. Basis of preparation of financial statements
The Group has adopted Accounting Standards for Business Enterprises issued by the Ministry
of Finance on February 15, 2006. In addition, the Group has disclosed the financial
information in accordance with Information Disclosure and Presentation Rules for Companies
Offering Securities to the Public No. 15－General Provisions on Financial Reporting (Revised
in 2010).
Basis of accounting and principle of measurement
The Group has adopted the accrual basis of accounting. Except for certain financial
instruments which are measured at fair value, the Group has adopted the historical cost as the
principle of measurement of the financial statements. Where assets are impaired, provisions
for asset impairment are made in accordance with relevant requirements.
2. Statement of compliance with the Accounting Standards for Business Enterprises
("ASBE")
The financial statements of the Company have been prepared in accordance with ASBE, and
present truly and completely, the Companys and consolidated financial position as of June
30 ,2012, and the Companys and consolidated results of operations and cash flows for the six
months then ended.
3. Accounting year
The Group has adopted the calendar year as its accounting year, i.e. from January 1 to
December 31. The reporting period is from January 1, 2012, to June 30, 2012.
9
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
II. THE COMPANY'S SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING
ESTIMATES - continued
4. Functional currency
Renminbi ("RMB") is the currency of the primary economic environment in which the Group
operates. Therefore, the Group chooses RMB as its function currency. The Group adopts RMB
to prepare its financial statements.
5. The Accounting treatment of business combinations involving and not involving
enterprises under common control
Business combinations are classified into business combinations involving enterprises under
common control and business combinations not involving enterprises under common control.
5.1 Business combination involving enterprises under common control
A business combination involving enterprises under common control is a business
combination in which all of the combining enterprises are ultimately controlled by the same
party or parties both before and after the combination, and that control is not transitory.
Assets and liabilities obtained shall be measured at their respective carrying amounts as
recorded by the combining entities at the date of the combination. The difference between the
carrying amount of the net assets obtained and the carrying amount of the consideration paid
for the combination (or the aggregate face value of shares issued as consideration) is adjusted
to capital reserve in capital reserve. If the capital reserve is not sufficient to absorb the
difference, any excess is adjusted against retained earnings.
Costs that are directly attributable to the combination are charged to profit or loss in the period
in which they are incurred.
5.2 Business combination not involving enterprises under common control
A business combination not involving enterprises under common control is a business
combination in which all of the combining enterprises are not ultimately controlled by the
same party or parties before and after the combination.
The cost of combination is the aggregate of the fair values, at the acquisition date, of the assets
given, liabilities incurred or assumed, and equity securities issued by the acquirer, in exchange
for control of the acquiree. Costs incurred by the absorbing party that are directly attributable
to the combination, including audit fees, valuation fees and legal fees, shall be charged to
profit or loss in the period in which they are incurred. The Group's previously held equity
interest in the acquiree is remeasured to fair value at the acquisition date (i.e. the date when the
Group obtains control) and the resulting gain or loss, if any, is recognised in profit or loss.
Amounts arising from interests in the acquiree prior to the acquisition date that have
previously been recognised in other comprehensive income are reclassified to profit or loss
where such treatment would be appropriate if that interest were disposed of.
10
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
II. THE COMPANY'S SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING
ESTIMATES - continued
5. The Accounting treatment of business combinations involving and not involving
enterprises under common control - continued
5.2 A business combination not involving enterprises under common control - continued
The acquirees identifiable assets, liabilities and contingent liabilities that satisfy the
recognition criteria, which are acquired in a business combination not involving enterprises
under common control, are measured at their fair value at the acquisition date. Where the cost
of combination exceeds the acquirers interest in the fair value of the acquirees identifiable
net assets, the difference is recognized as goodwill. Where the cost of combination is less than
the acquirers interest in the fair value of the acquirees identifiable net assets, the difference is
accounted for as follows: firstly, the acquirer reassesses the measurement of the fair values of
the acquirees identifiable assets, liabilities and contingent liabilities and measurement of the
cost of combination; then, if after that reassessment, the cost of combination is still less than
the acquirers interest in the fair value of the acquirees identifiable net assets, the acquirer
recognises the remaining difference immediately in profit or loss for the current period.
Goodwill arising in a business combination is disclosed individually in the consolidated
financial statements and measured by cost minus accumulated impairment. Goodwill is tested
for impairment annually, irrespective of whether there is any indication that the asset may be
impaired.
For the purpose of impairment testing, goodwill is considered together with the related asset
group or sets of asset groups. Namely, the carrying amount of goodwill, from the acquisition
date, is allocated on a reasonable basis to each related asset group; if it is not possible to
allocate to the related asset groups, it is allocated to each of the related sets of asset groups.
When the recoverable amount of an asset group or a set of asset groups is less than its carrying
amount, an impairment loss is recognized accordingly. The amount of impairment loss first
reduces the carrying amount of any goodwill allocated to the asset group or set of asset groups,
and then reduces the carrying amount of other assets (other than goodwill) within the asset
group or set of asset groups, pro rata on the basis of the carrying amount of each asset.
The recoverable amount of an asset is the higher of its fair value less costs of disposal and the
present value of the future cash flows expected to be derived from the asset. An assets fair
value is the price in a sale agreement in an arms length transaction. If there is no sale
agreement but an asset is traded in an active market, fair value is the current bid price. If there
is no sale agreement or active market for an asset, fair value is based on the best information
available. Costs of disposal include legal costs related to the disposal of the asset, related taxes,
costs of removing the asset and direct costs to bring the asset into condition for its sale.
Once the impairment loss on goodwill is recognized, it is not reversed in a subsequent period.
11
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
II. THE COMPANY'S SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING
ESTIMATES - continued
6. Preparation of consolidated financial statements
The scope of consolidated financial statements is determined on the basis of control. Control is
the power to govern the financial and operating policies of an enterprise so as to obtain
benefits from its operating activities.
The date on which the Group effectively obtains or loses control of its subsidiaries are
considered as the combination date or acquisition date. For a subsidiary already disposed of,
its operating results and cash flows before the disposal date are appropriately included in the
consolidated income statement and the consolidated cash flow statement.
Where a subsidiary has been acquired through a business combination not involving
enterprises under common control, the subsidiarys operating results and cash flows after the
acquisition date are appropriately included in the consolidated income statement and the
consolidated cash flow statement, and no adjustments are made to the opening balance and
comparative figures of the consolidated financial statements.
Where a subsidiary has been acquired through a business combination involving enterprises
under common control, the subsidiarys operating results and cash flows from the beginning of
the reporting period to the combination date are appropriately included in the consolidated
income statement and the consolidated cash flow statement, and adjustments are made to the
comparative figures of the consolidated financial statements accordingly. Where a subsidiary
has been acquired through a business combination involving enterprise under common control,
the subsidiaries' operating results and cash flows from the beginning of the reporting period to
the combination date are appropriately included in the consolidated income statement and the
consolidated cash flow statement.
Major accounting policies and accounting periods adopted by the subsidiary (ies) are defined
according to the standardized accounting policies and accounting periods established by the
Company.
All significant intra-group accounts and transactions between the Company and its subsidiaries
or between subsidiaries are eliminated on consolidation.
The portion of a subsidiarys equity that is not attributable to the parent is treated as minority
interest and presented as “minority interest” in the consolidated balance sheet within owners
equity. The portion of net profits or losses of subsidiaries for the period attributable to minority
interest is presented in the consolidated income statement below the "net profit" line item as
“minority interest”.
When the amount of loss attributable to the minority shareholders of a subsidiary exceeds the
minority shareholders portion of the opening balance of owners' equity of the subsidiary, the
excess amount is still allocated against minority interest.
12
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
II. THE COMPANY'S SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING
ESTIMATES - continued
6. Preparation of consolidated financial statements - continued
Changes in a parents ownership interest in a subsidiary caused by purchase of minority
interests or disposal of part of the investment that do not result in the loss of control are
accounted for within equity, and the carrying amount of owners' equity attributable to equity
holders of the parent and minority interests should be adjusted to reflect the changes. The
difference between the adjustment of minority interests and the fair value of the consideration
paid or received is adjusted to capital reserve.
When an entity loses control of a subsidiary resulting from the disposal of part of the
investment or other reasons, the investment retained in the former subsidiary is remeasured at
its fair value at the date when control is lost. The difference between the sum of the
consideration received from the disposal of the investment and the fair value of the investment
retained in the former subsidiary, and the shares of the net assets calculated according to
former proportion of the ownership interest is recognized in the investment income at the date
when control is lost. Amounts arising from interests in the acquiree prior to the acquisition
date that have previously been recognized in other comprehensive income are reclassified to
investment income when the control is lost.
7. Cash and cash equivalents
Cash comprises cash on hand and deposits that can be readily withdrawn on demand. Cash
equivalents are short-term, highly liquid investments that are readily convertible to known
amounts of cash and which are subject to an insignificant risk of change in value.
8. Translation of transactions denominated in foreign currencies
On initial recognition, foreign currency transactions are translated by applying the spot
exchange rate at the dates of the transactions.
At the balance sheet date, foreign currency monetary items are translated to RMB using the
spot exchange rate at that date. Exchange differences arising from the differences between the
spot exchange rate prevailing at the balance sheet date and those spot rates used on initial
recognition or at the previous balance sheet date are recognized in profit or loss for the current
period, except for: (1) exchange differences arising from specific-purpose borrowings in
foreign currencies that are eligible for capitalization, which are capitalized during the
capitalization period and included in the cost of related assets; and (2) exchange differences
arising from hedging instruments for foreign currency risk, which are treated under hedge
accounting (3) exchange differences arising from foreign currency non-monetary available-
for-sale items i.e. stocks and changes in book value of available-for-sale monetary items other
than its unamortized cost, which are treated as other comprehensive income in capital reserve.
13
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
II. THE COMPANY'S SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING
ESTIMATES - continued
8. Translation of transactions denominated in foreign currencies - continued
Foreign currency non-monetary items carried at historical cost continue to be measured at the
amounts in functional currency translated using the spot exchange rates at the dates of the
transactions; foreign currency non-monetary items carried at fair value are translated using the
spot exchange rates at the date when the fair value was determined. Differences between the
translated amount and the original amount of functional currency are accounted for as changes
in fair value (including changes in foreign exchange rates) and included in profit or loss for the
period or capital reserve of shareholders' equity.
9. Financial instruments
The Group shall recognize a financial asset or a financial liability when the Group becomes a
party to the contractual provisions of the financial instrument. When a financial asset or
financial liability is recognized initially, the Group shall measure it at its fair value. In the case
of a financial asset or financial liability at fair value through profit or loss, transaction costs
shall be charged to the profit or loss for the period. For other financial assets or financial
liabilities, transaction costs shall be included in their initial recognition amounts.
9.1 Fair value establishment
Fair value is the amount for which an asset could be exchanged, or a liability settled, between
knowledgeable, willing parties in an arms length transaction. If there is an active market for a
financial asset or financial liability, the quoted price in the active market is used to establish
the fair value of the financial instrument by the Group. Quoted prices from an active market
are prices that are readily and regularly available from an exchange, dealer, broker, industry
group or pricing service agency etc., and represent prices of actual market transactions on an
arms length basis. If no active market exists for a financial instrument, the Group establishes
fair value by using a valuation technique, which includes using recent market transactions
between knowledgeable, willing parties, reference to the current fair value of another
instrument that is substantially the same, discounted cash flow analysis and option pricing
models.
9.2 Effective interest method
The effective interest method is a method of calculating the amortized cost of a financial asset
or a financial liability (or group of financial assets or liabilities) and of allocating the interest
income or interest expense over the relevant period, using the effective interest rate. The
effective interest rate is the rate that exactly discounts estimated future cash payments or
receipts through the expected life of the financial instrument or, when appropriate, a shorter
period to the net carrying amount of the financial asset or financial liability.
When calculating the effective interest rate, an enterprise shall estimate future cash flows
considering all contractual terms of the financial asset or financial liability (including
prepayment, call and similar options). The calculation of the effective interest rate shall
include all fees paid or received between the parties to the contract giving rise to the financial
asset and financial liability that are an integral part of the effective interest rate, transaction
14
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
costs, and premiums or discounts etc.
15
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
II. THE COMPANY'S SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING
ESTIMATES - continued
9. Financial instruments - continued
9.3 Classification, recognition and measurement of financial assets
On initial recognition, financial assets are classified into the following categories: financial
assets at fair value through profit or loss (FVTPL), held-to-maturity investments, loans and
receivables and available-for-sale (AFS) financial assets. Financial assets are initially
recognized at fair value. All regular way purchase or sales of financial assets are recognized
and derecognized on a settlement date basis.
9.3.1. Financial assets at FVTPL
Financial assets are classified as at FVTPL where the financial asset is either held for trading
or it is designated as at FVTPL. All Financial assets at FVTPL of the Group are classified as
held for trading.
A financial asset is classified as held for trading if: (1) it has been acquired principally for the
purpose of selling in the near future; or (2) it is part of a portfolio of identified financial
instruments that are managed together and for which there is evidence of a recent actual
pattern of short-term profit-taking; or (3) it is a derivative, except for a derivative that is a
designated and effective hedging instrument, or a financial guarantee contract, or a derivative
that is linked to and must be settled by delivery of an unquoted equity instrument (without a
quoted price from an active market) whose fair value cannot be reliably measured.
Financial assets at held for trading are subsequently measured at fair value, with gains or
losses arising from changes in fair value as well as dividends and interest income related to
such financial assets recognized in profit or loss for the current period.
9.3.2. Loans and receivables
Loans and receivables are non-derivative financial assets with fixed or determinable payments
that are not quoted in an active market. The notes receivable, accounts receivable, dividends
receivable, other receivable and other current assets are included in this category.
Loans and receivables are subsequently measured at amortized cost using the effective interest
method. Gains or losses arising from derecognition, impairment or amortization are
recognized in profit or loss for the current period.
16
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
II. THE COMPANY'S SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING
ESTIMATES - continued
9. Financial instruments - continued
9.3 Classification, recognition and measurement of financial assets - continued
9.3.3. AFS financial assets
AFS financial assets are those non-derivative financial assets that are designated as available-
for-sale or are not classified as (1) financial assets at FVTPL, (2) loans and receivables, and (3)
held-to-maturity investments.
AFS financial assets are subsequently measured at fair value. Gains or losses arising from
changes in fair value (other than impairment losses and foreign exchange gains and losses
resulted from foreign currency monetary assets which are recognized in profit or loss for the
current period) are recognized directly in shareholders' equity, and are reversed and
recognized in profit or loss for the period when such financial assets are derecognised.
Interest received during the period in which the Group holds the AFS financial assets and cash
dividends declared by the investee are recognized as investment income.
Investments in equity instruments that do not have a quoted market price in an active market
and whose fair value cannot be reliably measured and derivative assets that is linked to and
must be settled by delivery of such unquoted equity instruments, which shall be measured at
cost.
9.4 Impairment of financial assets
The Group assesses the carrying amount of all financial assets, at each balance sheet date. If
there is objective evidence that financial assets are impaired the Group determines the amount
of any impairment loss. Objective evidence that a financial asset is impaired is evidence
arising from one or more events that occurred after the initial recognition of the asset and that
event has an impact on the estimated future cash flows of the financial asset which can be
reliably estimated.
Objective evidence that a financial asset is impaired includes evidence arising from the
following events:
(1) Significant financial difficulty of the issuer or obligor;
(2) A breach of contract, such as a default or delinquency in interest or principal payments;
(3) The lender, for economic or legal reasons relating to the borrowers financial difficulty,
granting to the borrower a concession that the lender would not otherwise consider;
(4) It becoming probable that the borrower will enter bankruptcy or other financial
reorganization;
(5) The disappearance of an active market for that financial asset because of financial
difficulties;
17
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
II. THE COMPANY'S SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING
ESTIMATES - continued
9. Financial instruments - continued
9.4 Impairment of financial assets - continued
(6) Observable data indicating that there is a measureable decrease in the estimated future
cash flows from a group of financial assets since the initial recognition of those assets,
although the decrease cannot yet be identified with the individual financial assets in the
group, including:
- Adverse changes in the payment status of borrowers in the group;
- National or local economic conditions that correlate with defaults on the assets in the
group;
(7) Significant changes with an adverse effect that have taken place in the technological,
market, economic or legal environment in which the issuer operates, and indicates that the
cost of the investment in the equity instrument may not be recovered;
(8) A significant or prolonged decline in the fair value of an investment in an equity
instrument below its cost;
(9) Other objective evidence indicating there is an impairment of a financial asset.
- Impairment of financial assets carried at amortized cost
If financial assets carried at amortized cost are impaired, the carrying amount of the financial
asset shall be reduced to the present value of estimated future cash flows (excluding future
credit losses that have not been incurred). The amount of reduction shall be recognized as an
impairment loss in profit or loss. If, subsequent to the recognition of an impairment loss on a
financial asset carried at amortized cost, there is objective evidence of a recovery in value of
the financial asset which can be related objectively to an event occurring after the impairment
was recognized (such as an improvement in the debtors credit rating), the previously
recognized impairment loss shall be reversed and recognized in profit or loss. However, the
reversal shall not result in a carrying amount of the financial asset that exceeds what the
amortized cost would have been had the impairment not been recognized at the date the
impairment is reversed.
The Group shall assess all the asset individually for impairment.
- Impairment of AFS financial assets
Where AFS financial assets are impaired, accumulated losses due to decreases in fair value
previously recognized directly in capital reserve are reversed and charged to profit or loss for
the current period. The reversed accumulated losses are the asset's initial acquisition costs
after deducting amounts recovered and amortized, current fair value and impairment losses
previously recognized in profit or loss.
If, in a subsequent period, the carrying amount of financial assets increases and the increase
can be related objectively to an event occurring after the impairment was recognized, the
previously recognized impairment losses are reversed. The reversal of impairment losses of
AFS equity instruments is recognized in equity and capital surplus, and the impairment losses
of AFS debt instruments are recognized in profit or loss for the current period.
18
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
II. THE COMPANY'S SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING
ESTIMATES - continued
9. Financial instruments - continued
9.5 Transfer of financial assets
The Group derecognises a financial asset only when: (1) the contractual rights to the cash
flows from the financial asset expire; or (2) it transfers the financial asset and substantially all
the risks and rewards of ownership of the asset to another entity; or (3) it transfers the
financial asset, neither transfers nor retains substantially all the risks and rewards of
ownership but has not retained control over the financial assets.
If an enterprise neither transfers nor retains substantially all the risks and rewards of
ownership of the financial asset, and retains its control of the financial asset, it recognizes the
financial asset to the extent of its continuing involvement in the transferred financial asset and
recognise an associated liability. The extent of the enterprises continuing involvement in the
transferred asset is the extent to which it is exposed to changes in the value of the transferred
asset.
For a transfer of a financial asset in its entirety that satisfies the derecognition criteria, the
difference between the following two amounts is recognised in profit or loss for the current
period:
(1) the carrying amount of the financial asset transferred; and
(2) the sum of the consideration received from the transfer and any cumulative gain or loss
that had been recognised directly in equity.
If a part of the transferred financial asset qualifies for derecognition, the carrying amount of
the transferred financial asset in its entirety is allocated between the part that continues to be
recognised and the part that is derecognised, based on the relative fair values of those parts. In
this case, the servicing asset retained is treated as a part that continues to be recognised. The
difference between the following two amounts is included in profit or loss for the current
period:
(1)the carrying amount allocated to the part derecognised; and
(2)the sum of the consideration received for the part derecognised and (if the transfer involves
an available-for-sale financial asset) any cumulative gain or loss allocated to it that had
been recognised directly in equity.
9.6 Classification, recognition and measurement of financial liabilities
The Group recognizes a contractual obligation with substantial terms and financial liability or
equity instrument recognized according to their definition as financial liability or equity
instrument.
On initial recognition, financial liabilities are classified as either financial liabilities at fair
value through profit or loss (FVTPL) or other financial liabilities. The Group does not hold
financial liabilities at fair value through profit or loss (FVTPL) at present.
19
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
II. THE COMPANY'S SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING
ESTIMATES - continued
9. Financial instruments - continued
9.6 Classification, recognition and measurement of financial liabilities - continued
9.6.1 Other financial liabilities
Derivative financial liabilities linked to and which must be settled by delivery of an unquoted
equity instrument (without a quoted price in an active market) whose fair value cannot be
measured reliably is subsequently measured at cost. Other financial liabilities are subsequently
measured at amortised cost using the effective interest method; gains or losses arising from
derecognition or amortisation is recognised in profit or loss for the period.
9.6.2. Financial guarantee contract
A financial guarantee contract requires the issuer of the contract to make specific payments to
the contract holder for a loss incurred by the holder if a debtor fails to pay under the term of a
debt instrument. Financial guarantee contracts that are not designated as financial liabilities at
FVTPL are initially recognised at fair value, and are subsequently measured at the higher of
the following two amounts: (1) the amount determined in accordance with Accounting
Standard for Business Enterprises No. 13 - Contingencies; and (2) the amount initially
recognised less cumulative amortisation recognised in accordance with the principles set out
in Accounting Standard for Business Enterprises No. 14 - Revenue
9.7 Derecognition of financial liabilities
The Group derecognises a financial liability (or part of it) only when the underlying present
obligation (or part of it) is discharged. An agreement between the Group (an existing borrower)
and an existing lender to replace the original financial liability with a new financial liability
with substantially different terms is accounted for as an extinguishment of the original
financial liability and the recognition of a new financial liability.
When the Group derecognises a financial liability or a part of it, the Group recognises the
difference between the carrying amount of the financial liability (or part of the financial
liability) derecognised and the consideration aid (including any non-cash assets transferred or
new financial liabilities assumed) in profit or loss for the period.
9.8 Offsetting a financial asset and a financial liability
Financial assets and financial liabilities are presented separately in the balance sheet and are
not offset. However, a financial asset and a financial liability is offset and the net amount
presented in the balance sheet when both of the following conditions are satisfied: (1) the
Group has a legal right to set off the recognised amounts and the legal right is currently
enforceable; and (2) the Group intends either to settle on a net basis, or to realize the financial
asset and settle the financial liability simultaneously.
20
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
II. THE COMPANY'S SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING
ESTIMATES - continued
9. Financial instruments - continued
9.9 Equity instruments
An equity instrument is any contract that evidences a residual interest in the assets of the
Group after deducting all of its liabilities. The consideration received from issuing equity
instruments, net of transaction costs, is added to owners equity.
All types of distributions made by the Group to holders of equity instruments (excluding stock
dividends) are deducted from owners equity. The Group does not recognise changes in the
fair value of equity instruments.
10. Accounts receivable
Individually significant receivables with recognizing bad debt provision individually.
Determining basis or the standard The Group recognizes receivables of over RMB10 million as
amount of individually significant individually significant receivables.
receivables
The Group assesses receivables individually for impairment.
11. Inventories
11.1 Classification of inventories
The Inventories are classified as merchandise, spare parts, material supplies, and food &
beverage, etc., and are measured at the lower of cost and net realisable value. The cost of
finished goods comprises raw materials, direct labor and related production overhead
expenditures based on normal operating capacity.
11.2 Measurement of the cost of delivered inventories
Upon delivery, the Group uses the first-in, first-out cost formula to assign the actual cost of
inventories, except that the weighted average cost formula is used to assign the actual cost of
spare parts and consumable items of vehicle operating business.
11.3 Recognition of the net realisable value and measurement of provision for decline in value
of inventories
At the balance sheet date, inventories are measured at the lower of cost and net realisable
value. If the cost of inventories is higher than the net realisable value, a provision for decline
in value of inventories is recognised. Net realisable value is the estimated selling price in the
ordinary course of business less the estimated costs of completion and the estimated costs
necessary to make the sale and relevant taxes. The Group shall determine the net realisable
value of inventories based on solid evidence obtained and after taking into consideration the
purpose for which the inventory is held, and the effect of events occurring after the balance
sheet date.
21
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
II. THE COMPANY'S SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING
ESTIMATES - continued
11. Inventories - continued
11.3 Recognition of the net realisable value and measurement of provision for decline in value
of inventories - continued
For inventories, the excess of cost over the net realisable value is generally recognised as
provision for decline in value of inventories on an item-by-item basis.
After provision for decline in value of inventories has been made, if the circumstances that
previously caused inventories to be written down no longer exist which results in the net
realisable value is higher than the carrying amount, the amount of the write-down is reversed
in profit or loss for the current period; the reversal is limited to the amount originally provided
for the decline in value of inventories.
11.4 The stock count system for inventories
The perpetual inventory system is adopted for stock count.
11.5 Amortization methods of low-value consumables
Low-value consumables are written off in full when issued for use.
12. Long-term equity investments
12.1 Recognition of investment cost
For a long-term equity investment acquired through a business combination involving
enterprises under common control, the initial investment cost of the long-term equity
investment is the absorbing partys share of the carrying amount of the shareholders equity of
the party being absorbed at the date of combination. For a long-term equity investment
acquired through business combination not involving enterprises under common control, the
initial investment cost of the long-term equity investment acquired is the cost of acquisition.
The long-term equity investment acquired through means other than a business combination is
initially measured at its cost.
12.2 Subsequent measurement and recognition of profit and loss
12.2.1. A long-term equity investment accounted for using the cost method
Where the Group does not have joint control or significant influence over the investee, the
investment is not quoted in an active market and its fair value cannot be reliably measured, a
long-term equity investment is accounted for using the cost method. A long-term equity
investment where the Group can exercise control over the investee is accounted for using the
cost method. Where an investing enterprise is able to exercise control over the investee, the
investee is a subsidiary of the investing enterprise.
Under the cost method, a long-term equity investment is measured at initial investment cost.
Investment income recognised is limited to the amount distributed to it out of accumulated net
profits of the investee that arose after the investment was made. Any cash dividends or
distributions received in excess of this amount are treated as return of initial investment cost to
reduce the carrying amount of the investment.
22
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
II. THE COMPANY'S SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING
ESTIMATES - continued
12. Long-term equity investments - continued
12.2 Subsequent measurement and recognition of profit and loss - continued
12.2.2. A long-term equity investment accounted for using the equity method
Long-term equity investments in jointly controlled entities and in associates are accounted for
using the equity method. The Group has joint control in a jointly controlled entity and has
significant influence over an associated entity.
Under the equity method, where the initial investment cost of a long-term equity investment
exceeds the Groups interest in the fair values of the investees identifiable net assets at the
acquisition date, no adjustment is made to the initial investment cost. Where the initial
investment cost is less than the Groups interest in the fair values of the investees identifiable
net assets at the acquisition date, the difference is charged to profit or loss for the current
period, and the cost of the long-term equity investment is adjusted accordingly.
Under the equity method, investment income or loss represents the Groups share of the net
profits or losses made by the investee for the current period. The Group recognises its share of
the investees net profits or losses based on the fair values of the investees individual
separately identifiable assets at the acquisition date, after making appropriate adjustments
thereto in conformity with the accounting policies and accounting periods of the Group. For
the unrealized profit or loss between the Group and an associate or joint venture, the part
belongs to the Group, calculated with ratio held by the Group, should be offset. Accordingly,
the Group recognizes investment income. But if the unrealized loss is related with an
impairment of the assets transferred between the Group and the investee, the loss cannot be
offset. For any changes in shareholders' equity other than net profits or losses in the investee,
the Group adjusts the carrying amount of the long-term equity investment and includes the
corresponding adjustment in other comprehensive income of capital reserve.
The Groups share of net losses of the investee is recognised to the extent that the carrying
amount of the long-term equity investment together with any long-term interests that in
substance form part of the investors net investment in the investee are reduced to zero. If the
Group has to assume additional obligations, the estimated obligation assumed is provided for
and charged to the profit or loss as investment loss for the period. Where the investee records
profits in subsequent periods, the Group resumes recognising its share of profits after setting
off profits against the unrecognised share of losses.
For a long-term equity investment in an associate or joint venture held prior to first-time
adoption date January 1st, 2007 of new CASs, if an equity investment debit balance associated
with the investment exists, the amount amortised on a straight-line basis during the remaining
period is recognised in profit or loss for the current period.
23
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
II. THE COMPANY'S SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING
ESTIMATES - continued
12. Long-term equity investments - continued
12.2 Subsequent measurement and recognition of profit and loss - continued
12.2.3 Disposal of a long-term equity investment
On disposal of a long term equity investment, the difference between the proceeds actually
received and the carrying amount is recognised in profit or loss for the current period. For a
long-term equity investment accounted for using the equity method, any changes in the
owners equity of the investee (other than net profits or losses) included in the owners equity
of the investing enterprise, shall be transferred to profit or loss for the current period on a pro-
rata basis according to the proportion disposed of.
12.3 Criteria for recognition of joint control or significant influence over an investee
“Control” is the power to govern the financial and operating policies of an enterprise so as to
obtain benefits from its operating activities. “Joint control” is the contractually agreed sharing
of control over an economic activity, and exists only when the strategic financial and
operating decisions relating to the activity require the unanimous consent of the parties
sharing control. Where an investing enterprise can exercise joint control over the investee, the
investee is its jointly controlled enterprise. “Significant influence” is the power to participate
in the financial and operating policy decisions of the investee but is not control or joint control
over those policies. Where an investing enterprise is able to exercise significant influence over
an investee, the investee is its associate. When determining whether an investing enterprise is
able to exercise control or significant influence over an investee, the effect of potential voting
rights of the investee (for example, warrants and convertible debts) held by the investing
enterprises or other parties that are currently exercisable or convertible is considered.
12.4 Method of impairment provision of long-term investment
The Group assesses at each balance sheet date whether there is any indication that long-term
equity investments may be impaired. If there is any indication that an asset may be impaired,
the recoverable amount is estimated for the individual asset. If the recoverable amount of an
asset is less than its carrying amount, the difference is recognised as an impairment loss and
charged to profit or loss for the current period.
Once an impairment loss on long-term equity investment is recognised, it is not reversed in a
subsequent period.
24
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
II. THE COMPANY'S SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING
ESTIMATES - continued
13. Investment property
Investment property is a property held to earn rentals or for capital appreciation or both,
comprising a land use right that is leased out, a building that is leased out etc.
An investment property is initially measured at cost. Subsequent expenditures incurred on an
investment property are recognised as cost of the investment property only when: 1) it is
probable that economic benefits associated with the investment property will flow to the
Group; and 2) the cost of the investment property can be measured reliably. Subsequent
expenditures that fail to meet such recognition criteria is recognised in profit or loss in the
period in which they are incurred.
The Group uses the cost model for subsequent measurement of an investment property, and
adopts the depreciation or amortisation policy consistent with that applicable to buildings or
land use right.
The Group assesses at each balance sheet date whether there is any indication that investment
properties may be impaired. If there is any indication that an asset may be impaired, the
recoverable amount is estimated for the individual asset. If it is not possible to estimate the
recoverable amount of the individual asset, an enterprise shall determine the recoverable
amount of the asset group to which the assets belongs to. If the recoverable amount of an asset
or an asset group is less than its carrying amount, the difference is recognised as an
impairment loss and charged to profit or loss for the current period.
Once an impairment loss on investment properties is recognised, it is not reversed in a
subsequent period.
When an investment property is sold, transferred, retired or damaged, the amount of any
proceeds on disposal net of the carrying amount and related taxes is recognised in profit or
loss for the current period.
14. Fixed assets
14.1 Recognition of fixed assets
Fixed assets are tangible assets that are held for use in the production or supply of services, for
rental to others, or for administrative purposes and have useful lives more than one accounting
year. A fixed asset shall be recognised only when both of the following conditions are satisfied:
(1) it is probable that economic benefits associated with the asset will flow to the enterprise;
and (2) the cost of the asset can be measured reliably. A fixed asset shall be initially measured
at cost.
Subsequent expenditures incurred for a fixed asset that meet the recognition criteria mentioned
in the previous paragraph shall be included in the cost of the fixed asset. Subsequent
expenditures that fail to meet the recognition criteria mentioned in the previous paragraph
shall be recognised in profit or loss in the period in which they are incurred.
25
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
II. THE COMPANY'S SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING
ESTIMATES - continued
14. Fixed assets - continued
14.2 Depreciation methods
Depreciation is provided to write off the cost of each category of fixed assets over their
estimated useful lives from the month after they are brought to working condition for the
intended use, using the straight-line method. The useful lives, estimated net residual values
rates and annual depreciation rates of each class of fixed assets are as follows:
Useful life Annual
Category of fixed assets Residual value
(years) depreciation rates
Buildings 20-50 years 4-10% 1.8-4.8%
Plant and machinery 5-20 years 4-10% 4.5-19.2%
Electronic equipment, furniture and fixtures 3-10 years 4-10% 9.0-32.0%
Operational vehicles 4-10 years 4-10% 9.0-24.0%
Other transportation equipment 5-10 years 4-10% 9.0-19.2%
Hotel improvement 5 years - 20.0%
Estimated net residual value of a fixed asset is the estimated amount that the Group would
currently obtain from disposal of the asset, after deducting the estimated costs of disposal, if
the asset were already of the age and in the condition expected at the end of its useful life.
14.3 Impairment of fixed assets
The Group assesses at each balance sheet date whether there is any indication that fixed assets
may be impaired. If there is any indication that an asset may be impaired, the recoverable
amount is estimated for the individual asset. If it is not possible to estimate the recoverable
amount of the individual asset, the Group determines the recoverable amount of the asset
group to which the asset belongs. If the recoverable amount of an asset or an asset group is
less than its carrying amount, the difference is recognised as an impairment loss and charged
to profit or loss for the current period.
Once any impairment loss on fixed assets is recognised, it is not reversed in a subsequent
period.
14.4 Others
The Group shall review the useful life and estimated net residual value of a fixed asset and the
depreciation method applied at least at each financial year-end. A change in the useful life or
estimated net residual value of a fixed asset or the depreciation method used shall be
accounted for as a change in an accounting estimate.
A fixed asset is derecognized on disposal or when no future economic benefits are expected
from its use or disposal. When a fixed asset is sold, transferred, retired or damaged, the Group
recognises the amount of any proceeds on disposal of the asset net of the carrying amount and
related taxes in profit or loss for the current period.
26
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
II. THE COMPANY'S SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING
ESTIMATES - continued
15. Construction in progress
Construction in progress shall be initially measured at cost including the expenditure actually
incurred for the construction, comprising all expenditure incurred for construction projects,
and other related expenses. Construction in progress is not subject to depreciation.
Construction in progress is reclassified as fixed assets when it has reached working condition
for its intended use.
The Group assesses at each balance sheet date whether there is any indication that
construction in progress may be impaired. If there is any indication that an asset may be
impaired, the recoverable amount is estimated for the individual asset. If it is not possible to
estimate the recoverable amount of the individual asset, the Group determines the recoverable
amount of the asset group to which the asset belongs. If the recoverable amount of an asset
and asset group is less than its carrying amount, the difference is recognised as an impairment
loss and charged to profit or loss for the current period.
Once any loss of asset impairment is recognized, it is not reversed in a subsequent period.
16. Borrowing costs
For borrowing costs that are directly attributable to the acquisition, construction or production
of a qualifying asset, capitalisation of such borrowing costs can commence only when all of
the following conditions are satisfied: (1) expenditures for the asset are being incurred; (2)
borrowing costs are being incurred; and (3) activities relating to the acquisition, construction
or production of the asset that are necessary to prepare the asset for its intended use or sale
have commenced. Capitalisation of such borrowing costs ceases when the qualifying assets
being acquired, constructed or produced become ready for their intended use or sale.
Capitalisation of borrowing costs is suspended during periods in which the acquisition,
construction or production of a qualifying asset is interrupted abnormally and when the
interruption is for a continuous period of more than 3 months, until the acquisition,
construction or production is resumed. The amount of other borrowing costs incurred is
recognised as an expense in the period in which they are incurred.
Where funds are borrowed under a specific-purpose borrowing, the amount of interest to be
capitalised is the actual interest expense incurred on that borrowing for the period less any
bank interest earned from depositing the borrowed funds before being used on the asset or any
investment income on the temporary investment of those funds. Where funds are borrowed
under general-purpose borrowings, the amount of interest to be capitalised on such borrowings
is determined by applying a capitalisation rate to the weighted average of the excess amounts
of cumulative expenditure on the asset over and above the amounts of specific-purpose
borrowings. The capitalisation rate is the weighted average of the interest rates applicable to
the general-purpose borrowings.
27
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
II. THE COMPANY'S SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING
ESTIMATES - continued
17. Intangible assets
17.1 Intangible assets
Intangible assets include land use right and operational license of taxi.
An intangible asset is measured initially at cost. An intangible asset with a finite useful life is
amortised using the straight-line method over its useful life when the asset is available for use
with its original cost less any accumulated impairment losses. An intangible asset with an
indefinite useful life is not amortised.
For an intangible asset with a finite useful life, the Group reviews the useful life and
amortisation method at least at each financial year ended, and adjustment shall be made when
necessary.
17.2 Impairment of intangible assets
The Group assesses at each balance sheet date whether there is any indication that intangible
assets with finite useful life may be impaired. If there is any indication that an asset may be
impaired, the recoverable amount is estimated for the individual asset. If it is not possible to
estimate the recoverable amount of the individual asset, the Group determines the recoverable
amount of the asset group to which the asset belongs. If the recoverable amount of an asset or
an asset group is less than its carrying amount, the difference is recognised as an impairment
loss and charged to profit or loss for the current period.
An intangible asset with an indefinite useful life or an intangible asset that is yet to be
available for use is tested for impairment annually, irrespective of whether there is any
indication that the asset may be impaired.
Once any loss of asset impairment is recognized, it is not reversed in a subsequent period.
18. Long-term prepayments
Long-term prepayments are various expenditures incurred but that should be allocated over
the current and future periods of more than one year. Long-term prepayments are evenly
amortised over the respective beneficial period.
19. Revenue
19.1 Revenue from the sale of goods
Revenue is recognised when the Group has delivered products to the location specified in the
sales contracts and the distributor has confirmed the acceptance of the products. The Company
remains no effective control over the goods after the consignment and the economic benefits
associated with the transaction will flow to the Group, the relevant revenue can be reliably
measured and specific revenue recognisation criteria have been met.
28
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
II. THE COMPANY'S SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING
ESTIMATES - continued
19. Revenue - continued
19.2 Revenue arising from the rendering of services
Where the outcome of a transaction involving the rendering of services can be estimated
reliably, at the balance sheet date, revenue associated with the transaction is recognized upon
the basis of the percentage of completion method. The stage of completion of a transaction
involving the rendering of services is determined according to the proportion of services
performed to date to the total services to be performed.
Where the outcome of a transaction involving the rendering of services cannot be estimated
reliably, revenue is recognised to the extent of costs incurred that are expected to be
recoverable and the service costs incurred are recognised as expenses for the current period;
where the costs incurred are not expected to be recoverable, no service revenue is recognised.
20. Government grants
Government grants are the transfer of monetary assets or non-monetary assets from the
Government to the Group at no consideration. A government grant shall be recognised only
when both of the following conditions are satisfied: (1) the enterprise can comply with the
conditions attaching to the grant; and (2) the enterprise can receive the grant.
If a government grant is in the form of a transfer of a monetary asset, the item is measured at
the amount received or receivable. If a government grant is in the form of a transfer of a non-
monetary asset, the item is measured at fair value. If fair value is not reliably determinable, the
item is measured at a nominal amount. A government grant measured at a nominal amount is
recognised immediately in profit or loss for the current period.
A government grant related to an asset is recognised as deferred income, and evenly amortised
to profit or loss over the useful life of the related asset.
For a government grant related to income, if the grant is a compensation for related expenses
or losses to be incurred in subsequent periods, the grant is recognised as deferred income, and
recognised in profit or loss over the periods in which the related costs are recognised; if the
grant is a compensation for related expenses or losses already incurred, the grant is recognised
immediately in profit or loss for the current period.
Government compensation for relocation of enterprises for public interest
The Group's result of town planning of governance and other public interests of removal, the
government received direct payments from the fiscal budget for the relocation compensation
payments, as a special payment processing should be. Among them, belonging to the
enterprises in the relocation and reconstruction occurred during the loss of fixed assets and
intangible assets, the cost of expenses, losses and lay-off after the relocation of assets to
compensate for the proposed new, self-specific to be transferred to deferred income payments,
and in accordance with the nature of the assets in accordance with the relevant government
grants and government subsidies and revenue-related accounts, obtain relocation
compensation and deduct the amount transferred to deferred income balance after any,
recognized as capital reserve.
29
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
II. THE COMPANY'S SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING
ESTIMATES - continued
21. Income tax expense
Income tax expense comprises current tax expense and deferred tax expense.
21.1 Current income taxes
At the balance sheet date, current income tax liabilities (or assets) for the current and prior
periods are measured at the amount expected to be paid (or recovered) according to the
requirements of tax laws.
21.2 Deferred tax assets and deferred tax liabilities
Temporary differences arising from the difference between the carrying amount of an asset or
liability and its tax base, or the difference between the tax base and the carrying amount of
those items that are not recognised as assets or liabilities but have a tax base that can be
determined according to tax laws, are recognised as deferred tax assets and deferred tax
liabilities using the balance sheet liability method.
Under normal circumstances, all temporary differences can be recognized as relevant deferred
tax assets and deferred tax liabilities. But for deductible temporary differences, the Group
recognises the corresponding deferred tax asset to the extent that it is probable that taxable
profits will be available against which the deductible temporary differences can be utilized.
The Group recognises a deferred tax asset for the carryforward of deductible losses and tax
credits to subsequent periods, to the extent that it is probable that future taxable profits will be
available against which the deductible losses and tax credits can be utilised. In addition,
deferred tax liabilities are not recognised for taxable temporary differences related to (1) the
initial recognition of goodwill; and (2) the initial recognition of an asset or liability in a
transaction which is neither a business combination nor affects accounting profit or taxable
profit (or deductible loss) at the time of the transaction.
The Group recognises a deferred tax asset for the carry forward of deductible losses and tax
credits to subsequent periods, to the extent that it is probable that future taxable profits will be
available against which the deductible losses and tax credits can be utilised.
For taxable temporary differences associated with investments in subsidiaries, associates and
joint ventures, unless the Group is able to control the timing of the reversal of the temporary
difference and it is probable that the temporary difference will not reverse in the foreseeable
future, the Group does not recognise the corresponding deferred tax liability.The Group does
not recognise the corresponding deferred tax asset for deductible temporary differences
associated with investments in subsidiaries, associates and joint ventures, except when both of
the following conditions are satisfied: (1) it is probable that the temporary difference will be
reversed in the foreseeable future; and (2) it is probable that taxable profits will be available in
the future, against which the temporary difference can be utilised. At the balance sheet date,
deferred tax assets and deferred tax liabilities are measured at the tax rates that are expected to
apply to the period when the asset is realised or the liability is settled, according to the
requirements of tax laws.
30
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
II. THE COMPANY'S SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING
ESTIMATES - continued
21. Income tax expenses- continued
21.2 Deferred tax assets and deferred tax liabilities - continued
Current tax expense (current tax income) and deferred tax expense (deferred tax income) are
included in profit or loss for the current period, except for: (1) current tax and deferred tax
related to transactions or events that are directly recognised in owners equity and other
comprehensive income, which are recognised directly in owners equity; (2) deferred tax
arising from a business combination, which is adjusted against the carrying amount of
goodwill.
At the balance sheet date, the Group reviews the carrying amount of a deferred tax asset. If it
is probable that sufficient taxable profits will not be available in future periods to allow the
benefit of the deferred tax asset to be utilized, the carrying amount of the deferred tax asset is
reduced. Any such reduction in amount is reversed when it becomes probable that sufficient
taxable profits will be available.
Current tax assets and liabilities are offset when:
(1)The Group has a legally enforceable right to offset current tax assets against current tax
liabilities; and (2) the Group intends either to settle current tax liabilities and assets on a net
basis, or to realize the assets and settle the liabilities simultaneously.
Deferred tax assets and liabilities are offset when the deferred tax assets and the deferred tax
liabilities relate to income taxes levied by the same taxation authority on:
(1) the same taxable entity; or
(2) different taxable entities which intend either to settle current tax liabilities and assets on a
net basis, or to realize the assets and settle the liabilities simultaneously, in each future period
in which significant amounts of deferred tax liabilities or assets are expected to be settled or
recovered.
22. Leases
A finance lease is a lease that transfers in substance all the risks and rewards incidental to
ownership of an asset. Title may or may not eventually be transferred. An operating lease is a
lease other than a finance lease.
22.1. Recording of operating leases by the Group as lessee
Lease payments under an operating lease is recognised on a straight-line basis over the lease
term. Initial direct costs are charged to profit or loss for the current period. Contingent rents
are charged to profit or loss in the period in which they are actually incurred.
31
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
II. THE COMPANY'S SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING
ESTIMATES - continued
22. Leases - continued
22.2. Recording of operating leases by the Group as lessor
Lease income from operating leases is recognised in profit or loss on a straight-line basis over
the lease term. Significant initial direct cost are capitalised when incurred and charged to
profit or loss for the responding period according to the same basis for rental income
recognition. Other insignificant initial direct costs are charged to profit or loss for the period
in which they are incurred. Contingent rents are credited to profit or loss in the period in
which they actually arise.
23. Employee benefits
In the accounting period in which an employee has rendered services except for compensation
to employees for termination of employment relationship, the Group recognises the employee
benefits for those services as a liability.
Expenditures related to payments for employees' social welfare system established by the state,
including pensions, medical insurance, housing funds and other social welfare contributions,
are included in the cost of related assets or profit or loss for the period in which they are
incurred.
When the Group terminates the employment relationship with employees before the end of the
employment contracts or provides compensation as an offer to encourage employees to accept
voluntary redundancy, if the Group has a formal plan for termination of employment
relationship or has made an offer for voluntary redundancy which will be implemented
immediately, and at the same time the Group cannot unilaterally withdraw from the
termination plan or the redundancy offer, a provision is recognised for the compensation
arising from termination of employment relationship with employees, with a corresponding
charge to the profit or loss for the current period.
24. Significant changes of accounting policies and accounting estimates
There are no changes in accounting policies or accounting estimates that have significant
influence over the Group's financial statements during the reporting period.
32
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
II. THE COMPANY'S SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING
ESTIMATES - continued
25. Basis of determining significant accounting policies and key assumptions and
uncertainties in accounting estimates
In the application of the Groups accounting policies, the Group is required to make
judgements, estimates and assumptions about the carrying amounts of items in the financial
statements that cannot be measured accurately. These judgments, estimates and assumptions
are based on historical experience of the Group's management as well as other factors that are
considered to be relevant. Actual results may differ from these estimates.
The aforementioned judgments, estimates and assumptions are reviewed regularly on a going
concern basis. Revisions to accounting estimates are recognised in the period in which the
estimate is revised if the revision affects only that period, or in the period of the revision and
future periods if the revision affects both current and future periods.
- Critical accounting estimated and judgments
The critical accounting estimates and key assumptions that have a significant risk of causing a
material adjustment to the carrying amount of assets and liabilities within the next financial
year are outlined as below.
The useful lives of taxis' operational licenses
The useful years of taxis' operational licenses held by the Group will not be expired. The
Group management believes that the taxis' operational licenses will be in use and bring in
expected inflow economic benefits in the foreseeable future. Therefore, their useful lives are
infinite. The management assess at each balance sheet date whether there is any indication that
the taxi's operational licenses may be impaired.
Estimated useful lives and residual values of fixed assets
The Group's management determines the estimated useful lives and residual values for its
fixed assets. This estimate is based on the historical experience of the actual useful lives and
residual lives of fixed assets of similar nature and functions. It could change significantly as a
result of changes in economic environment, technical innovations and other conditions. The
management will adjust the estimations where the actual useful lives and residual values are
different from estimated useful lives and residual values.
33
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
III. TAXES
1. Taxes and tax rate
Taxes Tax basis Tax rate
Deemed taxi operating income 3%
Warehousing service-value added tax
(“VAT”) payable is VAT output deducting 6%
VAT input.
Long distance transportation- value added
Value added tax
tax (“VAT”) payable is VAT output 11%
deducting VAT input
Car repairing service - value added tax
(“VAT”) payable is VAT output deducting 17%
VAT input
Business tax Other service income. 5%
Income tax Taxable income 25%
Urban maintenance and construction tax Turnover tax 7%
Education additional tax Turnover tax 3%
Regional education additional tax Turnover tax 2%
River management fee Turnover tax 1%
Approved by the State Council, Ministry of Finance and State Administration of Taxation decided
to carry out the tax reform that the transportation and part of modern service industry was levied
VAT instead of the business tax in Shanghai since January 1, 2012. The Group business of
transportation and modern service was levied VAT according to above ordinance since January 1,
2012.
34
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
35
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
IV. SCOPE OF CONSOLIDATED FINANCIAL STATEMENTS
1. Subsidiaries
(1) Subsidiaries set up or invested by the Group
Unit: RMB
Balances of Included
other items in
actually consolid The amount of minority
The Group's constitute the Proportion of ated interests balances that
Place of Legal actual net investment Share voting power financial have been offset by
incorporati representat Nature of Registered Business investment at in the proportion held by the stateme Minority minority interest profit
Full name of subsidiaries Type on ive business capital scope period end subsidiaries (%) entity (%) nts interests and loss
Shanghai JHJ Logistic Limited Shanghai Yang Service 80,000,000.00 Logistic 52,000,000.00 - 65 The same as the Yes
Management Co., Ltd. company Yuan-Ping management shares 97,364,626.61 11,951,990.81
Shanghai Jinjiang Limited Shanghai Zhang Warehousing 83,338,235.00 Logistic 42,502,500.00 - 51 The same as the Yes
International Cold company Guo-Mei management shares 64,686,093.53 2,107,032.02
Logistics Development
Co., Ltd.("Cold
Logistics")
Shanghai Shang Hai Food Limited Shanghai Ding Zhi- Food 25,000,000.00 Food pre- 25,000,000.00 100 The same as the Yes
Co., Ltd. company Liang package packaging shares
Dalian Jin Jiang Limited Dalian Shen Transportatio 5,000,000.00 Car rental 5,000,000.00 - 100 The same as the Yes - -
Automobile Rental Co., company Zheng- n shares
Ltd. Dong
Shanghai Jin Jiang Limited Shanghai Yu Guo-Fu Transportatio 5,000,000.00 Driver 5,000,000.00 - 100 The same as the Yes - -
Automobile Driver company n training shares
Training Co., Ltd.
Shanghai Jin Jiang Yi Ma Limited Shanghai Han Hui- Trading 5,000,000.00 Car trading 5,000,000.00 - 100 The same as the Yes - -
Automobile Sales Co., company Tian shares
Ltd.
Shanghai Jinjiang wing one-person Shanghai Xu Wei-Jie Trading 20,000,000.00 Car trading 20,000,000.00 100 The same as the Yes
car sales Services Co., limited shares
Ltd. liability
company
Shanghai Jinjiang City one-person Shanghai Xu Wei-Jie Trading 13,000,000.00 Car trading 13,000,000.00 100 The same as the Yes
auto sales Services Co., limited shares
Ltd. liability
company
36
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
IV. SCOPE OF CONSOLIDATED FINANCIAL STATEMENTS - continued
1. Subsidiaries - continued
(2) Subsidiaries acquired through a business combination involving enterprises under common control
Unit: RMB
Balances
of other
items
actually Included
constitute in
the net Proportion consolid
investment of voting ated
Place of Legal The Group's actual in the Share power held financial The amount of minority interests
incorporati representativ Nature of Registered investment at subsidiarie proporti by the stateme balances that have been offset by
Name Type on e business capital Business scope period end s on (%) entity (%) nts Minority interests minority interest profit and loss
Shanghai Jin Jiang Limited Shanghai Yang Yuan- Transportation 338,486,272.11 Taxi service 538,135,811.60 - 95 The same Yes 46,955,620.76 2,529,321.49
Automobile Service company Ping and car rental as the
Co., Ltd. (Jin Jiang service shares
Automobile)
Shanghai Pudong Limited Shanghai Wu Xiao- Transportation 5,610,000.00 Taxi service 4,927,263.00 - 87.83 The same Yes 2,588,336.35 61,197.30
Friendship company Guo and car rental as the
Automobile Service service shares
Co., Ltd.
Shanghai Jin Jiang Limited Shanghai Shen Zheng- Rental service 3,300,000.00 Car rental 3,300,000.00 - 100 The same Yes - -
Automobile Leasing company Dong as the
Co., Ltd. shares
Shanghai Jiading Limited Shanghai Yu Guo-Fu Transportation 5,000,000.00 Taxi service , 3,500,000.00 - 70 The same Yes
Jinjiang Automotive company car sales and as the 2,306,648.15 92,975.22
Services Co., Ltd. car rental shares
service
Shanghai Zhong Limited Shanghai Weng Zhi- Service 2,000,000.00 Gas & oil 3,800,000.00 - 76 The same Yes
You Jin You Oil company Xiong service as the 2,216,076.65 540,990.90
Products Co., Ltd. shares
Shanghai Jin Jiang Limited Shanghai Rong Ping- Transportation 70,000,000.00 Bus services 104,170,372.98 - 80 The same Yes 27,794,796.38
Business and Travel company Tao and consulting as the 2,343,648.66
Auto Services Co., shares
Ltd.
Shanghai Pacific Limited Shanghai Rong Ping- Transportation 2,000,000.00 Coach Service 2,000,000.00 - 100 The same Yes - -
Passenger Transport company Tao as the
Service Co., Ltd. shares
Shanghai Jin Jiang Limited Shanghai Xu Wen- Transportation 10,000,000.00 Coach Service 10,000,000.00 - 100 The same Yes - -
High-speed company Zhong as the
Transportation Co., shares
Ltd.
Shanghai Business one-person Shanghai Rong Ping- Consulting 16,000,000.00 Investment and 16,000,000.00 - 100 The same Yes - -
and Travel limited Tao and management as the
Investment liability management service shares
Consulting Co., Ltd. company
37
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
IV. SCOPE OF CONSOLIDATED FINANCIAL STATEMENTS - continued
1. Subsidiaries - continued
(2) Subsidiaries acquired through a business combination involving enterprises under common control - continued
Unit: RMB
Balances of
other items Included
actually in
constitute Proportion consolida
the net of voting ted
Place of The Group's actual investment Share power held financial The amount of minority interests
incorporatio Legal Nature of investment at year in the proportio by the entity statement balances that have been offset by
Name Type n representative business Registered capital Business Scope end subsidiaries n (%) (%) s Minority interests minority interest profit and loss
Shanghai Jin Jia Limited Shanghai Shi Gen- Trading 10,100,000.00 Car trading 10,100,000.00 - 100 The same Yes
- -
Automobile Trading company Chang as the
Co., Ltd. shares
Shanghai Jinzhen Limited Shanghai Yu Guo-Fu Service 800,000.00 Electronics 800,000.00 - 100 The same Yes
Electronics company as the - -
Technology Co., shares
Ltd.
Shanghai Colorful Limited Shanghai Yu Guo-Fu Advertisement 800,000.00 Advertising 640,000.00 - 80 The same Yes
Day Advertising company as the 301,049.61 33,773.58
Co., Ltd. shares
Shanghai Zhenxing Limited Shanghai Wu Xiao- Management 100,000.00 Taxi 100,000.00 - 100 The same Yes
Taxi Management company Guo management as the - -
Co., Ltd. shares
Shanghai Jinmao Limited Shanghai Gong Wen- Trading 10,200,000.00 Car trading 5,100,000.00 - 50 >50 Yes
Automobile company Kai (Note 1) 7,553,960.44 1,371,460.53
Distribution and
Services Co., Ltd.
Shanghai Toyota Limited Shanghai Hua Qing- Trading 10,000,000.00 Car trading 7,000,000.00 - 70 The same Yes 5,909,682.90 8,619.39
Automotive Sales company Jian as the
Co., Ltd. shares
Shanghai Jinyue Limited Shanghai Ding Yue- Consulting and 300,000.00 Automobile 300,000.00 - 100 The same Yes
Automobile company Hua management service as the - -
Consulting Co., Ltd. shares
Shanghai Toyota Limited Shanghai Ding Yue- Service 850,000.00 Car repairmen 850,000.00 - 100 The same Yes
Automobile Repair company Hua as the - -
Co., Ltd. shares
38
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
IV. SCOPE OF CONSOLIDATED FINANCIAL STATEMENTS - continued
1. Subsidiaries - continued
(2) Subsidiaries acquired through a business combination involving enterprises under common control – continued
Unit: RMB
Balances of
other items
actually
constitute the Proportion Included in
The Group's net of voting consolidat The amount of minority
Place of actual investment in Share power held ed interests balances that have
incorporati Legal Nature of Registered Business investment at the proportion by the financial been offset by minority
Name Type on representative business capital scope period end subsidiaries (%) entity (%) statements Minority interests interest profit and loss
Shanghai Jinyong Limited Shanghai Han Hui-Tian Service 10,000,000.00 Car 8,000,000.00 - 80 The same Yes
Automobile Repair company repairmen as the 2,014,925.53 2,024.99
Service Co., Ltd. shares
Shanghai Wujing One person Shanghai He Wei-Guang Warehousi 50,000,000.00 Food 96,400,305.12 - 100 The same Yes - -
Refrigerated Co., limited ng storage as the
Ltd. company shares
Shanghai Wusong One person Shanghai Cen Jian-Rong Transporta 8,250,000.00 Logistics 8,250,000.00 - 100 The same Yes - -
luoji Refrigerated limited tion as the
Co., Ltd. company shares
Shanghai Nanpu Limited Shanghai Ding Zhi-Liang Manageme 300,000.00 Food 300,000.00 - 100 The same Yes -
Bridge Food company nt trading as the
Wholesale Market shares
Management Co.,
Ltd.
(3) Subsidiaries acquired through a business combination involving enterprises not under common control
Unit: RMB
Balances of
other items
actually
constitute the Proportion Included in
The Group's net of voting consolidat The amount of minority
Place of actual investment in Share power held ed interests balances that have
incorporati Legal Nature of Registered Business investment at the proportion by the financial been offset by minority
Name Type on representative business capital scope period end subsidiaries (%) entity (%) statements Minority interests interest profit and loss
Shanghai Jin Jiang One person Shanghai Yu Guo-Fu Transporta 2,220,000.00 Taxi 10,262,906.00 - 100 The same Yes - -
Yaohua Taxi limited tion service as the
Services Co., Ltd. company shares
Note 1:According to this subsidiarys Articles of Association, the Group holds more than 50% of the voting power
39
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
1. Cash and bank balance
Unit: RMB
30 June 2012 31 December 2011
Items Foreign Exchange
Foreign Currency Exchange rate RMB Currency rate RMB
Cash:
RMB 884,642.13 1.0000 884,642.13 700,264.46 1.0000 700,264.46
Cash
deposit:
RMB 699,739,752.15 1.0000 699,739,752.15 615,990,049.93 1.0000 615,990,049.93
USD - - - 325.03 6.3009 2,047.98
Total -- -- 700,624,394.28 -- -- 616,692,362.37
2. Held-for-trading financial assets
Categories of held-for-trading financial assets are as bellows:
Unit: RMB
Categories Closing fair value Opening fair value
Held-for-trading investments in equity instruments 830,034.50 848,726.50
Total 830,034.50 848,726.50
The Group recognizes the above held-for-trading investments in equity instruments as the held-for-
trading financial assets. The fair value as at balance sheet date is according to the closing prices of
June 29, 2012 at Shanghai Stock Exchange and Shenzhen Stock Exchange.
3. Notes receivable
Categories of notes receivable are as bellows:
Unit: RMB
Categories 2012/6/30 2011/12/31
Bank acceptances - 1,000,000.00
Total - 1,000,000.00
4. Accounts receivable
(1) Disclosure of accounts receivable by categories:
The Group considers accounts receivable over RMB10,000,000.00 as individually significant accounts.
The balance of accounts receivable at period end is all individually insignificant receivables but
recognizing bad debt individually by categories.
(2) The aging analysis of accounts receivable is as follows:
Unit: RMB
30 June 2012 31 December 2011
Proportion Bad debt Proportion Bad debt Carrying
Aging Amount (%) provision Carrying amount Amount (%) provision amount
Within 1
60,808,176.89 100.00 (499,824.23) 60,308,352.66 39,274,086.84 100 (499,824.23) 38,774,262.61
year
Total 60,808,176.89 100.00 (499,824.23) 60,308,352.66 39,274,086.84 100 (499,824.23) 38,774,262.61
40
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
4. Accounts receivable - continued
(3) The movement of bad debt provision of the Groups accounts receivable during the reporting period:
Unit: RMB
Increase in the Return in the Write off in the
Name Opening Balance current period current period current period 2012/06/30
Accounts receivable that are not
individually significant but for
499,824.23 - - - 499,824.23
which bad debt provision has
been assessed individually
Total 499,824.23 - - - 499,824.23
(4) No outstanding balance of accounts receivable at the reporting period end due from shareholder
holding more than 5% (including 5%) of the Company's voting rights.
(5) Top five customers:
Unit: RMB
Relationship with
Name group Amount Aging Proportion (%)
Customer 1 Third party 3,480,451.92 Within 1 year 6%
Customer 2 Third party 1,959,911.32 Within 1 year 3%
Customer 3 Third party 1,065,647.18 Within 1 year 2%
Customer 4 Third party 1,058,356.20 Within 1 year 2%
Customer 5 Third party 986,725.52 Within 1 year 1%
Total -- 8,551,092.14 -- 14%
(6)Accounts receivable of related party
Details please refer to Note VI 6.
5. Other receivables
(1) Disclosure of other receivables by categories:
The Group considers other receivables over RMB10million as individually significant accounts. As at
the balance sheet date, the balances of other receivables are all individually insignificant receivables
but recognizing bad debt individually by categories.
(2)The aging analysis of other receivables is as follows:
Unit: RMB
2012/6/30 2011/12/31
Bad debt Proportio Bad debt Carrying
Aging Amount Proportion (%) provision Carrying amount Amount n (%) provision amount
Within 1 year 41,578,151.00 96 (3,220.55) 41,574,930.45 32,640,423.96 91 (3,220.55) 32,637,203.41
1-2 years 610,006.85 2 - 610,006.85 2,204,236.93 6 - 2,204,236.93
2-3 years 2
456,055.56 1 - 456,055.56 818,101.21 - 818,101.21
Above 3 years 45,300.00 1 - 45,300.00 113,965.35 1 - 113,965.35
Total 42,689,513.41 100 (3,220.55) 42,686,292.86 35,776,727.45 100 (3,220.55) 35,773,506.90
41
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – continued
5. Other receivables– continued
(3) The movement of bad debt provision of the Groups other receivables during the reporting period:
Unit: RMB
Increase in
Return in the current Write off in the
Item 2012/1/1 the current 2012/6/30
period current period
period
Other receivables that are not
individually significant but for
which bad debt provision has been 3,220.55 - - - 3,220.55
assessed individually
Total 3,220.55 - - - 3,220.55
No outstanding balance of other receivables at the reporting period end due from shareholder
holding more than 5% (including 5%) of the Company's voting rights.
(4) Top five entities
Unit: RMB
Relationship with Proportion
Name group Amount Aging (%)
Shanghai Jin Jiang Automobile Sales
8,434,172.49 Within 1 year
Co., Ltd. Associate 20
Shanghai Jing Jiang Jiayou
1,435,328.84 Within 1 year
Automobile Services Co., Ltd. Joint venture 3
Entity 3 Third party 675,000.00 Within 1 year 2
Entity 4 Third party 596,000.00 Within 1 year 1
Entity 5 Third party 487,600.00 Within 1 year 1
Total -- 11,628,101.33 -- 27
(6) Other receivables due from related parties
Details please refer to Note VI 6.
6. Prepayments
(1) The aging analysis of prepayments is as follows:
Unit: RMB
Aging 30 June 2012 31 December 2011
Amount Proportion (%) Amount Proportion (%)
Within 1 year 40,825,638.85 100 41,701,124.48 100
Total 40,825,638.85 100 41,701,124.48 100
(2) Top five suppliers:
Unit: RMB
Relationship with
Name Amount Aging Nature
group
Supplier 1 Third party 8,983,731.04 Within 1 year Prepayments for car
Supplier 2 Third party 4,993,100.00 Within 1 year Prepayments for car
Supplier 3 Third party 4,660,000.00 Within 1 year Prepayments for car
Supplier 4 Third party 3,127,484.18 Within 1 year Prepayments for fuel
Supplier 5 Third party 2,400,363.25 Within 1 year Prepayments for fuel
Total -- 24,164,678.47 -- --
(3) There are no prepayments who are shareholders holding over 5% (including 5%) of the Company's
42
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
voting rights.
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
7. Dividends receivable
Unit: RMB
1 January 2012 Additions Reductions 30 June 2012
Aging within 1 year
(1) Shanghai Dazhong New Asia Co., Ltd. - 7,586,793.97 - 7,586,793.97
(2) JHJ International Transportation Co., Ltd. - 16,500,000.00 (16,500,000.00) -
(3) Shanghai Wanguo Vehicle Driver Training Centre - 6,794,213.21 (6,794,213.21) -
(4) Shanghai Vehicle Driver Training Centre - 3,500,000.00 (3,500,000.00) -
(5) Shanghai Zhengdong Automobile Services Co.,
- 3,379,475.92 (3,379,475.92) -
Ltd.
(6) Shanghai Jing Jiang Jiayou Automobile Services
- 205,078.81 (205,078.81) -
Co., Ltd.
(7) Shanghai Jin Jiang Sheshan Automobile Co., Ltd. - 651,367.86 (651,367.86) -
(8) Nanjing Long Distance Passenger Terminal Group
- 3,542,000.00 (3,542,000.00) -
Co., Ltd.
(9) Shanghai Jin Jiang Passenger Transport Co., Ltd. - 2,384,404.87 (2,384,404.87) -
(10) Shanghai Jin Jiang Automobile Sales Co., Ltd. - 1,353,064.53 (1,353,064.53) -
(11) Shanghai Pudong International Airport Cargo
- 85,206,668.37 - 85,206,668.37
Terminal Co., Ltd.
Total - 131,103,067.54 (38,309,605.20) 92,793,462.34
8. Inventories
Unit: RMB
30 June 2012 31 December 2011
Provision for Provision for
the decline in Carrying the decline in
Item Cost value amount Cost value Carrying amount
Merchandise 89,332,815.28 - 89,332,815.28 57,430,664.80 - 57,430,664.80
Spare parts 10,867,928.34 - 10,867,928.34 11,138,335.26 - 11,138,335.26
Consumable items 652,073.80 - 652,073.80 1,017,461.61 - 1,017,461.61
Food and beverages 572,092.71 - 572,092.71 1,651,247.94 - 1,651,247.94
Total 101,424,910.13 - 101,424,910.13 71,237,709.61 - 71,237,709.61
9. Non-current assets due within one year
Unite: RMB
Item
30 June 2012 31 December 2011
Long-term loan receivables (Note) 4,230,667.23 4,230,667.23
Note: Details please refer to Note V, 19, Note 2.
43
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
10. Long-term equity investments
(1)A list of joint ventures and associates and their key financial information:
Unit: RMB
Propor
tion of
owners
hip 30/6/2012
interes
t held
by Proportion of Investee's total
the voting power Investee's total Investee's total Investee's total net operating income Investee's net
Country of Legal Nature of Group held by the assets at period liabilities at period assets at period for the current profit for the
Investee Type Incorporation Representative business Registered capital (%) Group (%) end end end period current period
Joint venture
Shanghai Zhengdong Automobile Sino-foreign equity joint venture Shanghai Zhu Ming Hua Transportation The same as the
USD7,900,000.00 50 78,212,623.43 10,831,234.85 67,381,388.58 18,401,404.85 2,140,903.63
Services Co., Ltd. shares
Shanghai Jinmao Jin Jiang Automobile Limited company Shanghai Wu Lin Transportation The same as the
22,000,000.00 50 77,213,131.41 17,785,516.37 59,427,615.04 20,325,244.41 2,114,427.20
Services Co., Ltd. shares
Shanghai Dazhong New Asia Co., Ltd. Limited company Shanghai Rong Ping Tao Transportation 30,000,000.00 49.50 50 204,337,249.43 51,809,312.58 152,527,936.85 54,699,799.55 8,595,887.13
JHJ International Transportation Co., Sino-foreign equity joint venture Shanghai Yang Yuan Ping Transportation The same as the
USD10,000,000.00 50 554,137,149.27 343,170,401.37 210,966,747.90 1,171,126,384.33 9,974,064.39
Ltd. shares
Shanghai Jing Jiang Jiayou Automobile Limited company Shanghai Yu Guo Fu Transportation The same as the
24,700,000.00 50 75,012,819.35 19,539,533.06 55,473,286.29 24,233,735.97 1,463,966.89
Services Co., Ltd. shares
Shanghai Vehicle Driver Training Shanghai Xu Shu Ren Services The same as the
State-joint venture 4,340,000.00 33.33 160,508,269.81 31,754,140.00 128,754,129.81 39,812,738.00 9,793,069.27
Centre shares
Shanghai Jin Jiang Sheshan Limited company Shanghai Ma Qi Feng Transportation The same as the
1,000,000.00 50 18,973,042.11 6,130,782.84 12,842,259.27 6,741,710.75 672,342.51
Automobile Co., Ltd. shares
Shanghai Petrol Group Changle Gas Limited company Shanghai Wang Zhi Services The same as the
300,000.00 50 3,058,111.50 567,221.38 2,490,890.12 17,028,548.99 202,186.86
Station Co., Ltd. Qiang shares
Shanghai Wanguo Automobile Driver Shanghai Zhang Yue Hua Transportation The same as the
State-joint venture 20,000,000.00 50 66,653,744.99 11,718,455.21 54,935,289.78 15,981,370.98 1,416,144.79
Training Center shares
Shanghai Zhang Jian Hua Transportation The same as the
Shanghai Nissan Maintenance Center State-joint venture 2,918,000.00 50 14,305,318.06 4,514,962.67 9,790,355.39 2,478,353.49 257,666.60
shares
Shanghai Yongda Secondhand Limited company Shanghai Han Hui Tian Trading The same as the
9,000,000.00 50 7,989,034.39 5.35 7,989,029.04 600.00 (767.03)
Automobile Services Co., Ltd. shares
Associate
Nanjing Long Distance Passenger Limited company Nanjing Tian Ji Ren Transportation The same as the 1,033,418,612.
110,000,000.00 23 701,695,495.48 331,723,117.49 277,194,310.56 12,734,984.40
Terminal Group Co., Ltd. shares 97
Shanghai Pudong International Airport Sino-foreign equity joint venture Shanghai Chen Long Transportation The same as the 1,380,647,732.
311,610,000.00 20 519,675,222.93 860,972,509.74 362,597,704.08 170,803,220.50
Cargo Terminal Co., Ltd. shares 67
Shanghai Yongda Fengdu Automobile Limited company Shanghai Zhu Jian Hua Trading The same as the
15,000,000.00 40 60,094,806.23 44,154,694.04 15,940,112.19 131,783,750.36 (4,090,683.25)
Distribution and Services Co., Ltd. shares
Shanghai Jin Jiang Passenger Transport Limited company Shanghai Hua Qing Jian Transportation The same as the
10,000,000.00 30 31,509,978.06 13,045,455.32 18,464,522.74 9,705,085.27 2,468,452.38
Co., Ltd. shares
Shanghai Jin Jiang Automobile Sales Limited company Shanghai Yuan Zhe Ning Trading The same as the
5,000,000.00 30 25,684,759.61 16,727,454.40 8,957,305.21 85,773,427.16 1,313,709.33
Co., Ltd. shares
44
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
10. Long-term equity investments - continued
(2) Details of long-term equity investments are as follows:
Unit: RMB
Proportion of
ownership interest Explanation of the voting right Provision for Impairment
Accounting held by the Group Proportion of voting not consistent with proportion impairment loss for the Cash dividends for
Investee method Initial investments Opening balance Changes Closing balance (%) power held by the Group of ownership interest loss period the period
Joint venture
Shanghai Nissan Maintenance Center Equity method 5,643,011.57 5,511,673.55 116,521.23 5,628,194.78 50 The same as the shares - - -
Shanghai Wanguo Automobile Driver Training Center Equity method 42,105,806.17 39,536,205.23 (6,894,237.67) 32,641,967.56 50 The same as the shares - - 6,794,213.21
Shanghai Vehicle Driver Training Centre Equity method 33,105,611.21 35,599,657.21 (235,970.02) 35,363,687.19 33.33 The same as the shares - - 3,500,000.00
Shanghai Zhendong Automobile Services Co., Ltd. Equity method 21,211,895.00 36,151,202.64 (2,460,508.24) 33,690,694.40 50 The same as the shares - - 3,379,475.92
Shanghai Jinmao Jin Jiang Automobile Services Co., Equity method The same as the shares
16,940,000.00 28,642,945.79 1,057,670.55 29,700,616.34 50 - - -
Ltd.
Shanghai Dazhong New Asia Co., Ltd. Equity method 84,628,129.42 97,013,337.15 (3,140,980.54) 93,872,356.61 49.5 50 Note - - 7,586,793.97
JHJ International Transportation Co., Ltd. Equity method 40,254,477.70 117,369,579.00 (11,512,967.80) 105,856,611.20 50 The same as the shares - - 16,500,000.00
Shanghai Yongda Secondhand Automobile Services Co., Equity method The same as the shares
4,500,000.00 3,994,897.96 (292.78) 3,994,605.18 50 - - -
Ltd.
Shanghai Jin Jiang Jiayou Automobile Services Co., Ltd. Equity method 14,614,900.00 27,107,199.17 526,904.65 27,634,103.82 50 The same as the shares - - 205,078.81
Shanghai Jin Jiang Sheshan Automobile Co., Ltd. Equity method 500,000.00 6,736,326.42 (315,196.59) 6,421,129.83 50 The same as the shares - - 651,367.86
Shanghai Petrol Group Changle Gas Station Co., Ltd. Equity method 150,000.00 1,129,351.80 101,093.44 1,230,445.24 50 The same as the shares - - -
Associate The same as the shares
Nanjing Long Distance Passenger Terminal Group Co., Equity method The same as the shares
25,300,000.00 42,929,480.84 252,339.82 43,181,820.66 23 - - 3,542,000.00
Ltd.
Shanghai Pudong International Airport Cargo Terminal Equity method The same as the shares
63,130,065.07 227,330,186.68 (51,046,024.27) 176,284,162.41 20 - - 85,206,668.37
Co., Ltd.
Shanghai Yongda Fengdu Automobile Distribution and Equity method The same as the shares
6,000,000.00 7,565,129.48 (1,189,084.61) 6,376,044.87 40 - - -
Services Co., Ltd.
Shanghai Jin Jiang Passenger Transport Co., Ltd. Equity method 3,000,000.00 7,183,226.03 (1,643,869.15) 5,539,356.88 30 The same as the shares - - 2,384,404.87
Shanghai Jin Jiang Automobile Sales Co., Ltd. Equity method 1,500,000.00 3,701,328.91 (958,951.73) 2,742,377.18 30 The same as the shares - - 1,353,064.53
Other equity investments The same as the shares
Shanghai Global Paper Production Co., Ltd. Cost method 746,253.00 746,253.00 - 746,253.00 10 The same as the shares - 746,253.00 - -
Guotai Junan Securities Co., Ltd. Cost method 62,912,955.76 47,649,967.00 15,262,988.76 62,912,955.76 <5 The same as the shares - - - -
Guotai Junan Investment Management Co., Ltd. Cost method 31,974,279.24 31,974,279.24 - 31,974,279.24 <5 The same as the shares - 2,500,000.00 - -
Shanghai Guojia Industry Co., Ltd. Cost method 650,000.00 650,000.00 - 650,000.00 <5 The same as the shares - 650,000.00 - -
Shandong Guo Tai Co., Ltd. Cost method 555,000.00 555,000.00 - 555,000.00 <5 The same as the shares - 555,000.00 - -
Shanghai South Station Long Distance Passenger Cost method The same as the shares
7,500,000.00 7,500,000.00 - 7,500,000.00 10 - - - 1,076,073.79
Terminal Co., Ltd.
Shanghai New Century Freight Co., Ltd. Cost method 2,240,000.00 2,240,000.00 - 2,240,000.00 11.2 The same as the shares - - - -
Tianjin Hualian Commercial Building Co., Ltd. Cost method 468,000.00 468,000.00 - 468,000.00 <5 The same as the shares - 468,000.00 - -
Total － 469,630,384.14 779,285,227.10 (62,080,564.95) 717,204,662.15 -- -- -- 4,919,253.00 - 132,179,141.33
Note: According to the Articles of Association, the Group holds 50% of the voting power on this entity.
45
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
11. Other current assets
Unit: RMB
Item 30 June 2012 31 December 2011
Fair value
Long-term assets holding for sales - 2,832,400.43
Including : fixed assets - 2,832,400.43
Total - 2,832,400.43
12. Available-for-sale financial assets
Unit: RMB
Item 30 June 2012 31 December 2011
Fair value Fair value
Available-for-sale equity instruments 77,032,324.87 79,313,107.86
Available-for-sale financial assets are other listed companies' shares held by the Group. Their fair value
was measured using the respective closing market prices as at 29 June 2012.
13. Investment properties
(1)Investment property measured using the cost model
Unit: RMB
Item 1 January 2012 Additions Reductions 30 June 2012
I. Cost 40,148,721.51 - - 40,148,721.51
1. Buildings 27,201,946.71 - - 27,201,946.71
2. Land use right 12,946,774.80 - - 12,946,774.80
II. Accumulated depreciation and accumulated 6,598,163.41 6,984,043.03
-
amortisation 385,879.62
1.Buildings 5,296,391.89 - 5,551,917.01
255,525.12
2.Land use right 1,301,771.52 130,354.50 - 1,432,126.02
III. Net book value 33,550,558.10 33,164,678.48
1.Buildings 21,905,554.82 21,650,029.70
2.Land use right 11,645,003.28 11,514,648.78
IV. Provision for impairment loss - - - -
1.Buildings - - - -
2.Land use right - - - -
V. Carrying amount 33,550,558.10 33,164,678.48
1.Plant and buildings 21,905,554.82 21,650,029.70
2.Land use right 11,645,003.28 11,514,648.78
Provided for this period is amounted to RMB385,879.62.
(2) Investment property with no certificates
The certificate of the investment property of Shang Hai Food with net carrying amount of RMB1,337,874.99
(31 December 2011: RMB1,360,806.75) is not updated. The owner of the certificate is Shanghai Jinjiang
International Cold Logistics Development Co., Ltd.
Unit: RMB
Item Amount Reason for not having certificates Estimated date for obtaining
certificates
Floor 18th No.115, Yuntai Road, Building of 1,337,874.99 The relevant updating procedures are --
Shanghai Shang Hai Food Co., Ltd. still in process.
46
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS -continued
14. Fixed assets
(1) Fixed assets
Unit: RMB
Item 1 January 2012 Additions Reductions 30 June 2012
I. Cost: 2,003,819,511.28 114,358,768.57 (132,684,685.14) 1,985,493,594.71
Including: Buildings 278,035,493.10 510,768.89 - 278,546,261.99
Plant and machinery 62,751,612.84 1,582,100.00 (1,927,257.61) 62,406,455.23
Electronic equipment,
25,997,963.90 3,209,102.46 (510,816.18) 28,696,250.18
furniture and fixture
Operational vehicles 1,622,776,284.68 105,495,537.40 (130,246,611.35) 1,598,025,210.73
Other transportation 10,231,088.45 3,561,259.82 - 13,792,348.27
Hotel improvement 4,027,068.31 - - 4,027,068.31
II. Accumulated depreciation: 989,114,210.56 126,989,820.38 (95,959,973.62) 1,020,144,057.32
Including: Buildings 70,405,989.93 5,593,826.78 - 75,999,816.71
Plant and machinery 28,450,407.07 1,918,249.05 (1,886,183.96) 28,482,472.16
Electronic equipment,
20,868,835.73 1,206,196.86 (347,376.60) 21,727,655.99
furniture and fixture
Operational vehicles 859,706,127.35 117,207,199.48 (93,726,413.06) 883,186,913.77
Other transportation 6,201,700.12 874,518.67 - 7,076,218.79
Hotel improvement 3,481,150.36 189,829.54 - 3,670,979.90
III. Net book value 1,014,705,300.72 965,349,537.39
Including: Buildings 207,629,503.17 202,546,445.28
Plant and machinery 34,301,205.77 33,923,983.07
Electronic equipment,
5,129,128.17 6,968,594.19
furniture and fixture
Operational vehicles 763,070,157.33 714,838,296.96
Other transportation 4,029,388.33 6,716,129.48
Hotel improvement 545,917.95 356,088.41
IV. Provision for impairment loss 2,084,666.73 - - 2,084,666.73
Including: Buildings 1,980,444.87 - - 1,980,444.87
Plant and machinery 74,549.59 - - 74,549.59
Electronic equipment,
29,672.27 - - 29,672.27
furniture and fixture
Operational vehicles - - - -
Other transportation - - - -
Hotel improvement - - - -
V. Carrying amount 1,012,620,633.99 963,264,870.66
Including: Buildings 205,649,058.30 200,566,000.41
Plant and machinery 34,226,656.18 33,849,433.48
Electronic equipment,
5,099,455.90 6,938,921.92
furniture and fixture
Operational vehicles 763,070,157.33 714,838,296.96
Other transportation 4,029,388.33 6,716,129.48
Hotel improvement 545,917.95 356,088.41
At the end of the period, there is no restriction on title of fixed assets.
47
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
14. Fixed assets - continued
(2) Fixed assets with no certificate
As at 30 June 2012, the certificate of the building of Shanghai Jin Jiang Automobile Service Co., Ltd.
with carrying amount of RMB84,534,827.74 (December 31, 2011: RMB87,044,607.28) is not
obtained. The certificate of the building of Shanghai Shang Hai Food Co., Ltd. with net carrying
amount of RMB4,870,500.52 (December 31, 2011: RMB4,945,595.93) is not updated. Details are as
follows:
Unit: RMB
Reason for not having Estimated date for
Item Carrying amount certificates obtaining certificates
No.100, Wuzhong Road, 75,383,046.95 The construction was built on --
Building of Shanghai Jin Jiang the land rent under operating
Automobile Service Co., Ltd lease Jin Jiang International.
No.88, Wuzhong Road, 4,237,222.48 The construction was built on
Building of Shanghai Jin Jiang the land rent under operating
Automobile Service Co., Ltd lease from Jin Jiang
International.
No.177, Songyuan Road, 4,914,558.31 The construction was built on --
Building of Shanghai Jin Jiang the land rent under operating
Automobile Service Co., Ltd lease from Jin Jiang
International.
No.1218, Waima Road, 4,870,500.52 The construction was built on --
Building of Shanghai Shang Hai the land allocated by
Food Co., Ltd. government.
Notes to fixed assets:
(1) Included in current period cost additions, the acquisition of fixed assets is amounted to
RMB113,756,301.53 and transfer from construction in progress is amounted to RMB602,467.04.
(2) The deduction of cost of the reporting period represents the disposal of fixed assets.
(3) The additions of accumulated depreciation of the reporting period represents depreciation
charged for the current period.
(4) The deduction of accumulated depreciation of the reporting period represents disposal of fixed
assets.
48
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
15. Construction in progress
(1) Details of construction in progress are as follows:
Unit: RMB
30 June 2012 31 December 2011
Provision for Carrying Provision for
Item Original value impairment loss amount Original value impairment loss Carrying amount
Others 5,180,787.40 - 5,180,787.40 2,454,281.18 - 2,454,281.18
Total 5,180,787.40 - 5,180,787.40 2,454,281.18 - 2,454,281.18
(2) The significant construction in progress
There is no significant construction in progress in current period.
16. Intangible assets
(1) Intangible assets
Unit: RMB
Item 1 January 2012 Additions Reductions 30 June 2012
Cost 314,607,350.55 128,400.00 - 314,735,750.55
Land use right 95,271,819.20 - - 95,271,819.20
Operational license of taxi 219,335,531.35 128,400.00 - 219,463,931.35
Accumulated amortization 11,767,165.86 539,790.48 - 12,306,956.34
Land use right 5,736,813.74 539,790.48 - 6,276,604.22
Operational license of taxi 6,030,352.12 - - 6,030,352.12
Net book value 302,840,184.69 302,428,794.21
Land use right 89,535,005.46 88,995,214.98
Operational license of taxi 213,305,179.23 213,433,579.23
Provision for impairment loss - - - -
Land use right - - - -
Operational license of taxi - - - -
Carrying amount 302,840,184.69 302,428,794.21
Land use right 89,535,005.46 88,995,214.98
Operational license of taxi 213,305,179.23 213,433,579.23
49
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – continued
16. Intangible assets– continued
(2) Intangible assets with no certificates
The certificate of land use right of Shanghai Shang Hai Food Co., Ltd. with carrying amount of
RMB14,230,400.00 (31 December 2011: RMB14,230,400.00) is not updated.
Notes to intangible assets:
(1) Included in current period cost additions, the acquisition of intangible assets is amounted to
RMB128,400.00.
(2) Included in additions of accumulated amortization of intangible assets, the amortization for
this period is amounted to RMB539,790.48.
Land use right with carrying amount of RMB42,106,800.00 (31 December 2011:
RMB42,106,800.00) is allocated by the government and has uncertain useful life. The Group
management believes the land use right will be in use and bring in expected inflow economic
benefits in the foreseeable future. Therefore, its useful life is uncertain.
The useful year of the operational license of taxi held by the Group will not be expired. The
Group management believes the operational license of taxi will be in use and bring in
expected inflow economic benefits in the foreseeable future. Therefore its useful life is
uncertain.
17. Long-term prepaid expenses
Unit: RMB
Item 2012/1/1 Additions Amortization 2012/6/30
Improvement of lease-fixed assets 3,487,256.23 3,660,243.35 (550,580.99) 6,596,918.59
Others 64,778.50 - (6,477.90) 58,300.60
Total 3,552,034.73 3,660,243.35 (557,058.89) 6,655,219.19
18. Deferred tax assets and deferred tax liabilities
(1) Recognized deferred tax assets and deferred tax liabilities
Unit: RMB
Items 2012/6/30 2012/6/30 2011/12/31 2011/12/31
Deductible and taxable Deferred tax assets or Deductible and taxable Deferred tax
temporary differences liabilities temporary differences assets or liabilities
Deferred tax assets:
Provision for
4,452,266.38 1,113,066.60 4,452,266.38 1,113,066.60
impairment loss
Staff settlement
19,608,555.74 4,902,138.94 19,608,555.74 4,902,138.94
allowance
Others 2,094,263.13 523,565.78 2,190,141.89 547,535.47
Total 26,155,085.25 6,538,771.32 26,250,964.01 6,562,741.01
Deferred tax liabilities:
Accumulated changes
in fair value of
available-for-sale 59,505,862.22 14,876,465.56 61,333,833.58 15,333,458.39
financial assets to other
comprehensive income
50
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
Total 59,505,862.22 14,876,465.56 61,333,833.58 15,333,458.39
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – continued
18. Deferred tax assets and deferred tax liabilities – continued
(2) Unrecognized deferred tax assets
Unit: RMB
Item 30 June 2012 31 December 2011
Deductible temporary differences 3,054,698.13 3,054,698.13
Deductible losses 2,465,692.78 2,465,692.78
Total 5,520,390.91 5,520,390.91
The Group has not recognized the deferred tax assets above due to the unpredictability of future
taxable profit.
(3) The deductible losses which are not recognised as deferred tax assets will expire as follows:
Unit: RMB
Period 30 June 2012 31 December 2011 Note
Year 2013 328,610.70 328,610.70 --
Year 2014 894,923.00 894,923.00 --
Year 2015 154,207.37 154,207.37 --
Year 2016 1,087,951.71 1,087,951.71 --
Total 2,465,692.78 2,465,692.78 --
19. Other non-current assets
Unit: RMB
Item 2012/6/30 2011/12/31
Prepayment for investment (Note 1) 8,542,964.48 23,805,953.24
Long-term loan receivables (Note 2) 4,230,667.23 4,230,667.23
Less: due within 1 year 4,230,667.23 4,230,667.23
Total 8,542,964.48 23,805,953.24
Note 1: The amount represents the prepayment from Cold Logistics for the transaction of 33%
equity of Shanghai Xin Tiantian Dazhong Cold Logistics Co., Ltd. (RMB8,542,964.48).
Note 2: Long-term loan receivables originally amounting RMB50,768,000.00 was the non-
interest loan to Shanghai Pudong International Airport Cargo Terminal Co., Ltd. for its
rental of buildings, equipment and plants, which is repayable in 12 equal annual
repayments since January 1, 2001.
20. Provision for impairment loss on assets
Unit: RMB
Reductions
Item 2012/1/1 Additions Reversals Write-off 2012/6/30
I. Bad debt provision 503,044.78 - - - 503,044.78
II. Provision for impairment loss of
long-term equity investments 4,919,253.00 - - - 4,919,253.00
III. Provision for impairment loss
of fixed assets 2,084,666.73 - - - 2,084,666.73
Total 7,506,964.51 - - - 7,506,964.51
51
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
21. Short-term borrowings
By categories:
Unit: RMB
Item 30 June 2012 31 December 2011
Commissioned loan - 33,667,900.00
Guaranteed loan 33,667,900.00 -
Total 33,667,900.00 33,667,900.00
The short-term borrowings represent loan to Cold Logistics as instructed by the Mitsui & Co.
(Asia Pacific) Pte. Ltd through Bank of Tokyo-Mitsubishi UFJ (China) Co, Ltd. The loan's
duration period is from March 30, 2012 to September 29, 2012 and its annual interest rate is
6.10%.
22. Notes Payable
Unit: RMB
Item 30 June 2012 31 December 2011
Bank acceptance notes 17,319,000.00 29,276,600.00
Total 17,319,000.00 29,276,600.00
23. Accounts payable
(1) Details of accounts payables are as follows:
Unit: RMB
Item 30 June 2012 31 December 2011
Payable for goods and services 57,756,318.65 72,150,331.34
Payable for construction 2,371,702.60 5,124,926.10
Total 60,128,021.25 77,275,257.44
(2) There are no accounts payable to shareholders who holding over 5% (including 5%) of the
equity interests with voting power or related parties.
(3) Details of accounts payable to related parties please refer to Note VI 6.
24. Receipts in advance
(1) Details of receipts in advance are as follows:
Unit: RMB
Item 30 June 2012 31 December 2011
Receipts in advance for sales of goods and 83,059,837.96
services 73,717,252.21
Receipts in advance from leasing 16,433,032.68 16,240,572.62
Total 90,150,284.89 99,300,410.58
(3) There are no receipts in advance from shareholders holding over 5% (including 5%) of the
equity interests with voting power or related parties.
25. Interest payable
Unit: RMB
Item 30 June 2012 31 December 2011
Interest payment for short –term loans 513,435.48 -
52
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
合计 513,435.48 -
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
26. Employee benefits payable
Unit: RMB
Item 1 January 2012 Additions Reductions 30 June 2012
I. Wages or salaries, bonus,
13,038,920.75 128,082,878.96 (100,883,087.28) 40,238,712.43
allowance, and subsidies
II. Staff welfare 7,088,692.78 3,703,408.42 (4,188,982.09) 6,603,119.11
III. Social security contributions 8,546,541.33 78,937,313.46 (74,438,333.73) 13,045,521.06
Including: Premiums or
contributions 2,683,934.82 25,601,290.26 (24,370,971.31) 3,914,253.77
on medical insurance
Basic pension
5,168,140.35 46,935,618.38 (43,969,623.12) 8,134,135.61
insurance
Unemployment
466,029.11 3,626,871.01 (3,468,307.25) 624,592.87
insurance
Work injury insurance 109,912.82 1,066,767.05 (1,049,095.90) 127,583.97
Maternity insurance 118,524.23 1,706,766.76 (1,580,336.15) 244,954.84
IV. Housing fund 1,376.00 15,662,353.15 (15,600,176.55) 63,552.60
V. Dismiss benefits 34,441,687.76 78,590.02 (1,065,366.57) 33,454,911.21
VI. Union fund and employee
6,853,647.75 3,541,842.22 (147,639.20) 10,247,850.77
education fund
Total 69,970,866.37 230,006,386.23 (196,323,585.42) 103,653,667.18
No amount in arrear is included in employee benefits payable.
27. Taxes payable
Unit: RMB
Item 30 June 2012 31 December 2011
Value added tax (1,210,261.08) (19,340.93)
Business tax 295,881.05 6,758,092.89
Income tax 17,594,092.89 37,375,108.74
Individual income tax 548,246.61 439,622.73
Urban maintenance and
construction tax 325,897.30 530,128.15
Others 1,925,047.83 3,128,781.24
Total 19,478,904.60 48,212,392.82
28. Dividends payable
Unit: RMB
Name 30 June 2012 31 December 2011 Reasons for over 1 year overdue
Due within 1 year
Including: dividends of 2011 165,483,032.10 - Not yet paid
Aging for more than 1 year
Including: the legal person share dividends 19,951,987.35 19,951,987.35 Not yet paid
Total 185,435,019.45 19,951,987.35
53
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
29. Other payables
(1) Details of other payables are as follows:
Unit: RMB
Item 30 June 2012 31 December 2011
Deposit 99,402,329.82 100,059,305.02
Prepayment as the deposit of equity transfer(Note) 20,000,000.00 20,000,000.00
Debt due from reform - 3,790,415.60
Others 176,518,879.93 138,280,377.79
Total 295,921,209.75 262,130,098.41
Note: The amount represents the prepayment (RMB20,000,000.00) as the deposit from Shanghai
Hexin Investment and development Co., Ltd. which plans to acquire Shanghai Wanguo
Automobile Driver Training Center's interests held by Jin Jiang Automobile. The balance
aged over one year was mainly deposit.
(2) Other payables to shareholders holding over 5% (including 5%) of the entity interests with
voting power or related parties are as follows:
Unit: RMB
Name of shareholder 2012/06/30 2011/12/31
Jin Jiang International 9,500,000.00 8,000,000.00
Total 9,500,000.00 8,000,000.00
(3) Details of other
payables due to related parties please refer to Note VI 6.
30. Other current liabilities
Unit: RMB
Item 30 June 2012 31 December 2011
Rehousing compensation 19,334,996.54 19,574,810.23
Deferred income 31,608,466.29 32,156,670.40
Less: rehousing compensation and deferred income due within one
1,028,092.49 2,077,846.62
year
Total 49,915,370.34 49,653,634.01
31.witwShare capital
Unit: RMB
Additions/Reductions
Opening balance Closing balance
Others
Tradable shares
1. Ordinary shares denominated in RMB 390,560,075.00 - 390,560,075.00
2. Foreign capital shares listed domestically 161,050,032.00 - 161,050,032.00
Total shares 551,610,107.00 - 551,610,107.00
54
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
32. Capital reserve
Unit: RMB
Item Opening Balance Additions Reductions Closing Balance
Share premium 290,484,218.00 - - 290,484,218.00
Including: Capital invested by investors 266,218,226.90 - - 266,218,226.90
Disposal of interests in a subsidiary not 24,265,991.10 - - 24,265,991.10
resulting in the loss of control
Other comprehensive income 47,175,091.85 - (1,490,709.96) 45,684,381.89
Other capital reserve 104,470,768.36 - - 104,470,768.36
Including: Transfer from capital reserve under 98,665,171.28 - - 98,665,171.28
the previous accounting system
Realized consolidation 5,805,597.08 - - 5,805,597.08
adjustments by steps to an entity
not under the same control
Total 442,130,078.21 - (1,490,709.96) 440,639,368.25
33. Surplus reserve
Unit: RMB
Item Opening balance Additions Closing balance
Statutory surplus reserve 242,307,872.99 1,896,041.14 244,203,914.13
Discretionary surplus reserve 10,684,636.00 - 10,684,636.00
Total 252,992,508.99 1,896,041.14 254,888,550.13
34. Unappropriated profit
Unit: RMB
Item Amount Proportion of
addition
At beginning of period 852,618,317.25
Add: Net profit for attributable to shareholders of the parent for the period 94,661,115.32
Less: Appropriation to statutory surplus reserve 1,896,041.14 Note 1
Dividends payable 165,483,032.10
At end of the period 779,900,359.33
Note1: According to the Articles of Association, the Company is required to transfer 10% of
its net profit to the statutory surplus reserve. The transfer may be ceased if the
balance of the statutory reserve has reached 50% of the Company registered capital.
35. Operating income and operating costs
(1) Operating income
Unit: RMB
Item Period from 1 January to 30 June 2012 Period from 1 January to 30 June 2011
Principal operating income 963,016,762.12 890,245,668.24
Other operating income 16,484,476.87 13,586,855.85
Operating income 979,501,238.99 903,832,524.09
Operating costs 772,944,672.89 647,928,299.57
55
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
35. Operating income and operating costs- continued
(2) Principal operating activities (by industry)
Unit: RMB
Period from 1 January to 30 June 2012 Period from 1 January to 30 June 2011
Category Operating income Operating costs Operating income Operating costs
Vehicle operating and relevant
537,955,832.13 401,268,581.50 582,951,252.96 388,794,750.01
business
Vehicle selling 354,978,966.99 330,214,847.72 250,608,116.19 229,643,461.82
Hotel and relevant business 11,169,120.03 2,008,493.36 9,416,760.96 1,427,650.28
Refrigerated logistics and relevant
58,912,842.97 34,011,348.62 47,269,538.13 24,410,792.52
business
Total 963,016,762.12 767,503,271.20 890,245,668.24 644,276,654.63
(3) Top 5 clients
Unit: RMB
Name Amount Proportion (%)
Client 1 9,847,215.44 3
Client 2 7,599,864.00 2
Client 3 6,932,656.00 1
Client 4 4,418,448.19 1
Client 5 3,940,253.10 1
Total 32,738,436.73 8
36. Business taxes and levies
Unit: RMB
Period from 1 January to 30 Period from 1 January to 30
Item Tax base
June 2012 June 2011
Business tax 2,335,817.36 19,222,186.80 Note III
Urban maintenance and construction Note III
1,664,820.09 1,330,610.20
tax
Education additional tax 1,335,829.73 1,132,825.56 Note III
Total 5,336,467.18 21,685,622.56
37. Finance expenses
Unit: RMB
Item Period from 1 January to 30 June 2012 Period from 1 January to 30 June 2011
Interest expenses 1,117,652.98 2,896,820.87
Less: Interest income 3,382,340.89 4,422,908.31
Exchange difference (5,047.20) 150,439.02
Others 396,434.04 871,648.66
Total (1,873,301.07) (503,999.76)
38. Impairment loss on assets
Unit: RMB
Item Period from 1 January to 30 Period from 1 January to
June 2012 30 June 2011
Bad debt losses - (450.00)
Total - (450.00)
56
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – continued
39. Gains (losses) from changes in fair values
Unit: RMB
Source resulting in gains from changes in fair values Amount recognised in the current Amount recognized in the
period prior period
Held-for-trading financial assets (77,692.00) -
Total (77,692.00) -
40. Investment income
(1)Details of investment income are as follows
Unit: RMB
Item Period from 1 January to 30 Period from 1 January to 30
June 2012 June 2011
Dividend from investment carried at cost 1,076,073.79 9,687,456.48
Gains recognised under equity method 53,910,998.07 64,714,331.60
Gains on available-for-sale financial assets 1,250,888.90 11,000.00
Gains on disposal of held-for-trading financial assets 28,086.71 164,499.76
Gains on disposal of available-for-sale financial 1,742,870.28 1,489,670.10
assets
Others 129,170.72 -
Total 58,138,088.47 76,066,957.94
(2)Significant investment income under equity method
Unit: RMB
Period from 1 Period from 1
January to 30 June January to 30 June
Investee 2012 2011 Reason
Shanghai Pudong International Airport Cargo Business volume decreased
34,160,644.10 40,877,271.01
Terminal Co., Ltd. and cost
Total 34,160,644.10 40,877,271.01 --
There is no significant restriction on remittance of the Companys gains on investment.
41. Non-operating income
(1) Details of non-operating income are as follows:
Unit: RMB
Item Period from 1 January to 30 Period from 1 January to 30 Extraordinary
June 2012 June 2011 gains and losses
in current period
Gains on disposal of non-current
13,209,722.63 16,587,351.61 465,564.02
assets
Including: Gain on disposal of
13,209,722.63 16,587,351.61 465,564.02
fixed assets
Government grants 2,065,990.35 703,280.00 2,065,990.35
Penalty income 1,128,689.93 681,237.01 1,128,689.93
Others 623,061.54 3,980,253.86 623,061.54
Total 17,027,464.45 21,952,122.48 4,283,305.84
(2) Details of government grants are as follows:
Unit: RMB
Item Period from 1 January to 30 Period from 1 January to 30
June 2012 June 2011 Notes
Refund from government 2,065,990.35 703,280.00 --
Total 2,065,990.35 703,280.00 --
57
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – continued
42. Non-operating expenses
Unit: RMB
Item Period from 1 January to Period from 1 January to Extraordinary gains
30 June 2012 30 June 2011 and losses in current
period
Losses on disposal of non-current
6,277.11 1,218,790.07 6,277.11
assets
Including: losses on disposal of
6,277.11 1,218,790.07 6,277.11
fixed assets
Others 118,546.76 25,492.96 118,546.76
Total 124,823.87 1,244,283.03 124,823.87
43. Income tax expense
Unit: RMB
Item Period from 1 January to 30 Period from 1 January to 30
June 2012 June 2011
Current tax expense 19,057,506.62 29,867,653.92
Deferred tax expense 23,969.69 19,301.80
Total 19,081,476.31 29,886,955.72
44. Calculation of basic earnings per share and diluted earnings per share
Net profit for the current period attributable to ordinary shareholders is as follows:
Unit: RMB
Period from 1 January to 30 Period from 1 January to 30
June 2012 June 2011
Net profit for the current period attributable to ordinary
94,661,115.32 143,951,509.10
shareholders
Including: Net income from continuing operations 94,661,115.32 143,951,509.10
The denominator is the weighted average number of outstanding ordinary shares and its
calculation process is as follows:
Unit: RMB
Period from 1 January to 30 June Period from 1 January to 30
2012 June 2011
Number of ordinary shares outstanding at the beginning of
551,610,107.00 551,610,107.00
period
Add: weighted average number of ordinary shares issued
- -
during the period
Less: weighted average number of ordinary shares
- -
repurchased during the period
Number of ordinary shares outstanding at the closing of
551,610,107.00 551,610,107.00
period
Earnings per share
Unit: RMB
Year ended 2011/12/31 Year ended 2010/12/31
Net profit to shareholders of the parent
Basic earnings per share 0.172 0.261
Diluted earnings per share N/A N/A
Note: The Group has no diluted potential ordinary shares on June 30, 2012.
58
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
45. Other comprehensive income
Unit: RMB
Item Period from 1 January to 30 Period from 1 January to
June 2012 30 June 2011
1.Fair value gain (loss) on of available-for-sale (744,783.51) (6,038,901.15)
financial assets
Less: Income tax relating to available-for- (186,195.88) (1,509,725.29)
sales financial assets
Amounts previously recognised in other 812,390.89 1,036,814.10
comprehensive income being
reclassified to profit or loss
Sub-total (1,370,978.52) (5,565,989.96)
2.Share of other comprehensive income of (151,484.15) (251,390.51)
associates
Sub-total (151,484.15) (251,390.51)
Total (1,522,462.67) (5,817,380.47)
46. Supplementary information to the cash flow statements
(1) Supplementary information to the cash flow statements
Unit: RMB
Supplementary information Period from 1 Period from 1
January to 30 January to 30 June
June 2012 2011
1. Reconciliation of net profit to cash flow from operating
activities:
Net profit 115,704,150.21 170,590,745.84
Add: Provision for assets impairment - (450.00)
Depreciation of fixed assets 126,989,820.38 119,984,004.42
Amortization of intangible assets 539,790.48 539,790.66
Depreciation and amortization of investment properties 385,879.62 385,879.62
Amortization of long-term prepaid expenses 557,058.89 134,464.91
Gains on disposal of fixed assets, intangible assets and
(13,203,445.52) (15,368,561.54)
other long-term assets
Loss from changes in fair value 77,692.00 -
Financial expenses 1,117,652.98 2,896,820.87
Loss arising from investments (58,138,088.47) (76,066,957.94)
Decrease in deferred tax assets 23,969.69 19,301.80
Decrease (increase) in inventories (30,187,200.52) (9,950,881.63)
Decrease (increase) in operating receivables (26,571,390.38) (4,881,661.10)
Increase (decrease) in operating payables 2,472,616.51 43,698,775.21
Net cash flow from operating activities 119,768,505.87 231,981,271.12
2. Net changes in cash and cash equivalents:
Closing balance of cash and cash equivalents 700,624,394.28 762,076,048.42
Less: opening balance of cash and cash equivalents 616,692,362.37 757,555,245.06
Net increase in cash and cash equivalents 83,932,031.91 4,520,803.36
(2) Cash and cash equivalents
Unit: RMB
Item 30 June 2012 31 December 2011
Cash 700,624,394.28 616,692,362.37
Including: Cash on hand 884,642.13 700,264.46
Bank deposits that can be readily withdrawn 699,739,752.15
615,992,097.91
on demand
Closing balance of cash and cash equivalents 700,624,394.28 616,692,362.37
59
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
VI. RELATED PARTY RELATIONSHIPS AND TRANSACTIONS
1. Information of parent company
Unit: RMB
Proportion
Place of Legal Nature or of Proportion Ultimate
Company registratio representati type of Registered shareholdi of voting holding Organizati
name Relationship Type n ve business capital ngs (%) power (%) company on code
Jin Jiang Ultimate Limited Shanghai Yu Min Travel, 2,000,000,000 28.91 38.54 132220312
International holding compan Liang hotel --
(Group) Co., company y (state-
Ltd. owned)
Jin Jiang Parent Limited Shanghai Yu Min Hotel 5,566,000,000 38.54 38.54 Jin Jiang 132237069
International company compan Liang investmen Internatio
Hotels y t, hotel nal
(Group) Co., operation
Ltd. and
administr
ation
The parent company description:
Jin Jiang Hotels Group is a limited company established in the People's Republic of China which
restructured by the Shanghai New Asia (Group) Limited company in June 6, 1995, mainly engaged
in hotel, food business. On December 15 2006, Jin Jiang Hotels Group's share was approved to list
in Hong Kong Stock Exchange. Its parent company and ultimate holding company is Jin Jiang
International.
2. Subsidiaries information
Details of subsidiaries please refer to Note IV 1.
3. Information of joint ventures and associates
Details of joint ventures and associates please refer to Note V 10.
4. Other related parties
Name Related party relationships
Jin Jiang International Group (Hong Kong) Co., Ltd. Under the control of same ultimate holding
company
Shanghai Food (Group) Co., Ltd. Under the control of same ultimate holding
company
Shanghai Jin Jiang International Industrial Development Co., Ld. Under the control of same ultimate holding
company
Hong Kong Jin Jiang Travel Co., Ltd. Under the control of same ultimate holding
company
Shanghai Maochang Food Co., Ltd. Under the control of same ultimate holding
company
Shanghai Hu Nan Egg Co., Ltd. Under the control of same ultimate holding
company
All above entities named as “Jin Jiang International's related entities".
60
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
VI. RELATED PARTY RELATIONSHIPS AND TRANSACTIONS - continued
4. Other related parties- continued
Name Related party relationships
Shanghai Jin Jiang Restaurant Co., Ltd. Fellow subsidiary
Shanghai Jin Jiang Travel Co., Ltd. Fellow subsidiary
Shanghai Galaxy Hotel Co., Ltd. Fellow subsidiary
Shanghai China International Travel Service Co., Ltd. Fellow subsidiary
Shanghai Travel Co., Ltd. Fellow subsidiary
Shanghai Jing Jiang International Travel Co., Ltd Fellow subsidiary
Jin Jiang Inn Co., Ltd. Fellow subsidiary
Shanghai Jin Yu Hotel Facility Co., Ltd. Fellow subsidiary
Jin Jiang International (Group) Financial Ltd. Co Fellow subsidiary
Shanghai Jin Jiang International Hotel Facility Co., Ltd. Fellow subsidiary
All above entities named as "Jin Jiang Hotels Group's related entities".
5. Related parties transactions of the Group
(1) Purchases or sales of goods, rendering or receiving of services
Unit: RMB
Period from 1 January to Period from 1 January to
30 June 2012 30 June 2011
Percentage Percentage
Name of related parties Transaction type Nature Amount (%) Amount (%)
Jin Jiang International Vehicle operating
Rendering services 52,269.71 - - -
income
Jin Jiang International's related Vehicle operating 55,180.00
Rendering services - - -
entities income
Jin Jiang Hotels Group's related Management 1,261,555.17
Rendering services - 1,209,332.80 -
entities service income
Jin Jiang Hotels Group's related Purchases or sales of
Sales of goods 164,254.77 - 4,732,337.36 -
entities goods
Shanghai Nissan Maintenance Purchases or sales of
Sales of goods 900,412.38 - - -
Center goods
Shanghai Jin Jiang Automobile Sales Purchases or sales of
Sales of goods - - 124,343.10 -
Services Co., Ltd. goods
Shanghai Jin Jiang Automobile Sales Purchases or sales of Acquisition of fixed
14,402,051.28 14 93,571,600.00 30
Services Co., Ltd. goods assets
Shanghai Nissan Maintenance
Rendering services Repair expenditure 810,371.15 - - -
Center
Jin Jiang Hotels Group's related Management fee
Rendering services 147,538.94 100 117,416.46 100
entities (Note)
Pricing principle and process of decision-making:
The Group sets price according to the agreement on integrated service, products purchase and sales
contracts signed by related parties. Significant related party transactions need approval of the board of
directors.
Note 1: The management fee paid to Jin Jiang International and related entities is 2% of hotel income
plus 4% of hotel and profit, as rewarding the service provided, including general
administration, marketing, purchase and etc.
61
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
VI. RELATED PARTY RELATIONSHIPS AND TRANSACTIONS – continued
5. Related parties transactions of the Group - continued
(2) Leasing arrangements
Rental income
Unit: RMB
Recognition
criteria for rental
Leaser Leasee Asset for lease Rental income income Effect to the Group
Shanghai Jin Jiang Shanghai Jin Mao Automobile Building Rental contract Insignificant
Automobile Service Co., Sales Co., Ltd. 677,607.00
Ltd.
Shanghai Jin Jiang Shanghai Petrol Group Changle Building Rental contract Insignificant
Automobile Service Co., Gas Station Co., Ltd. 100,000.00
Ltd.
Rental expenses
Unit: RMB
Recognition
Asset for Beginning Rental criteria for Effect to the
Leaser Leasee lease date Ending date expenses rental expenses Group
Shanghai Shanghai Jin Mao Automobile Building 1 January 31 December 480,000.00 Rental contract Insignificant
Nissan Sales Co., Ltd. 2012 2012
Maintenance
Center
Jin Jiang Shanghai Jin Jiang Automobile Land use 1 December 30 November 1,500,000.00 Rental contract Insignificant
International Service Co., Ltd. right 2003 2013
Jin Jiang The Company Building Note Note 58,116.00 Rental contract Insignificant
International
(Note)
Note: Few rental expenses are paid to Jin Jiang International due to the contract expiration
regarding house leasing. The rental expenses should be RMB780,000.00 in the current
period assuming the original price is still effective.
(3) Guarantees
Unit: RMB
Completion of
Guarantor Guarantee Amount Beginning date Ending date
fulfillment
Shanghai Yongda Fengdu
Shanghai Jin Jiang
Automobile 19 December
Automobile Service Co., 8,000,000.00 16 April 2012 No
Distribution and Services Co., 2014
Ltd.
Ltd.
Shanghai Yongda Fengdu
Shanghai Jin Jiang
Automobile
Automobile Service Co., 8,000,000.00 24 May 2012 23 May 2013 No
Distribution and Services Co.,
Ltd.
Ltd.
Shanghai Jin Jiang
Shanghai Jinmao Automobile
Automobile Service Co., 5,000,000.00 24 February 2012 23 February 2013 No
Services Co., Ltd.
Ltd.
(4) Financing
Unit: RMB
Name of related parties Amount Beginning date Ending date 30 June 2012 Note
Lending
62
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
Shanghai Pudong International 50,768,000.00 1 January 2001 31 December 4,230,667.23 --
Airport Cargo Terminal Co., Ltd. 2012
VI. RELATED PARTY RELATIONSHIPS AND TRANSACTIONS - continued
6. Balance due to/from related parties
Unit: RMB
Item Name of related parties 2012/06/30 2011/12/31
Accounts receivable Jin Jiang Hotels Group's related entities 852,134.50 161,120.38
Shanghai Jin Jiang Jiayou Automobile Sales
Accounts receivable - 129,220.00
Services Co., Ltd.
Accounts receivable Jin Jiang International's related entities - 96,402.00
Accounts receivable Jin Jiang International - 3,080.00
Total 852,134.50 389,822.38
Other receivables Shanghai Jin Jiang Automobile Sales Co., Ltd. 8,434,172.49 3,431,329.33
Shanghai Jin Jiang Jiayou Automobile Sales
Other receivables 1,435,328.84 4,000,000.00
Services Co., Ltd.
Other receivables Shanghai Jin Jiang Sheshan Automobile Co., Ltd. 166,411.67 1,000,000.00
Other receivables Shanghai Nissan Maintenance Center - 283,017.92
Other receivables Jin Jiang Hotels Group's related entities 177,109.73 153,108.07
Other receivables Jin Jiang International's related entities - 26,500.00
Total 10,213,022.73 8,893,955.32
Shanghai Yongda Fengdu Automobile - 7,823,603.34
Accounts payable
Distribution and Services Co., Ltd.
Accounts payable Shanghai Jin Jiang Automobile Sales Co., Ltd. - 7,080,349.41
Total - 14,903,952.75
Advances from suppliers Jin Jiang International's related entities - 125,163.00
Total - 125,163.00
Other payables Jin Jiang International 9,500,000.00 8,000,000.00
Other payables Shanghai Nissan Maintenance Center 7,811,661.50 8,154,599.92
Shanghai Jing Jiang Jiayou Automobile Services 7,025,065.49 5,089,350.20
Other payables
Co., Ltd.
Shanghai Jin Jiang Automobile Sales Service Co., - 4,429,260.00
Other payables
Ltd.
Other payables Jin Jiang International's related entities - 3,790,415.60
Other payables Shanghai Yongda Fengdu Automobile 995,542.00 2,772,165.04
Distribution and Services Co., Ltd.
Other payables Jin Jiang Hotels Group's related entities 40,543.32 415,498.71
Total 25,372,812.31 32,651,289.47
VII. CONTINGENCIES LIABILITIES
The Groups subsidiary Shanghai Jin Jiang Automobile Service Co., Ltd. provided guarantee to
Shanghai Yongda Fengdu Automobile Distribution and Services Co., Ltd. for the short-term
borrowings of RMB16,000,000.00 (2011: RMB15,600,000.00), details please refer to note VI
5(3).
The Groups subsidiary Shanghai Jin Jiang Automobile Service Co., Ltd. provided guarantee to
Shanghai Jinmao Jin Jiang Automobile Services Co., Ltd. for the short-term borrowings of
RMB5,000,000.00 (2011: RMB10,000,000.00), details please refer to note VI 5(3).
63
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
VIII. COMMITMENTS
1. Significant commitments
(1) Capital commitments
Unit: RMB'000
30 June 2012 31 December 2011
Capital commitments that have been entered into agreements but -- --
have not been recognised in the financial statements
- Construction contracts 8,543 8,623
Total 8,543 8,623
(2) Operating lease commitments
As of the balance sheet date, the Group had the following commitments in respect of non-
cancelable operating leases:
Unit: RMB'000
30 June 2012 31 December 2011
Minimum lease payments under non-cancelable operating
1st year subsequent to the balance sheet date 7,255 7,538
2nd year subsequent to the balance sheet date 4,424 6,622
3rd year subsequent to the balance sheet date 1,233 2,260
Subsequent periods - 150
Total 12,912 16,570
IX. NON-ADJUSTING AFTER BALANCE SHEET DATE EVENTS
As of the date of issuing the financial stalemates, the Group has no significant non-adjusting
after balance sheet date events to disclose.
X. OTHER SIGNIFICANT EVENTS
Assets and liabilities at fair value
Unit: RMB
Movement for Accumulated changes in fair
Item 1 January 2012 the period value to shareholders equity 30 June 2012
Financial assets
Available-for-sale financial assets 79,313,107.86 - 44,629,396.67 77,032,324.87
Hold- for-trading-financial assets 848,726.50 (77,692.00 ) - 830,034.50
XI. SEGMENT REPORT
According to the Group's organization structure, internal management requirements and internal
reporting system, the Group identifies its business activities into 4 reportable segments based on
business segments. The management of the Group evaluates the performance of its operating
segments and allocates resources to them based on their operation results, which is equivalent to the
segment result. The products and services of the reportable segments are: vehicle operating business,
automobile selling business, hotel and relevant business, and refrigerated logistics business.
Segment information is disclosed under the accounting policies of internal reporting and
measurement standards to the management, which is in conformity with the accounting policies used
for preparing and presenting the Group's financial statements.
64
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
XI. SEGMENT REPORT- continued
(1) Segment report
Unit: RMB
Vehicle operating and relevant Refrigerated logistics and relevant
Automobile selling Hotel and relevant business Unapproriated items Total
business business
Period from 1 Period from 1 Period from 1 Period from 1 Period from 1 Period from 1 Period from 1 Period from 1 Period from 1 Period from 1 Period from 1 Period from 1
January to 30 January to 30 January to 30 June January to 30 June January to 30 January to 30 June January to 30 January to 30 June January to 30 January to 30 June January to 30 January to 30
Item June 2012 June 2011 2012 2011 June 2012 2011 June 2012 2011 June 2012 2011 June 2012 June 2011
Operating income
Revenue arising
from external 553,109,367.81 594,820,489.65 354,978,966.99 250,608,116.19 11,169,120.03 9,416,760.96 60,243,784.16 48,987,157.29 - - 979,501,238.99 903,832,524.09
transactions
Revenue arising
from inter-segment - - - - - - - - - - - -
transactions
Total segment
553,109,367.81 594,820,489.65 354,978,966.99 250,608,116.19 11,169,120.03 9,416,760.96 60,243,784.16 48,987,157.29 - - 979,501,238.99 903,832,524.09
operating income
Total operating income 979,501,238.99 903,832,524.09
Operating costs 405,557,999.37 391,055,928.25 330,214,847.72 229,643,461.82 2,008,493.36 1,427,650.28 35,163,332.44 25,801,259.22 - - 772,944,672.89 647,928,299.57
Business taxes and
3,837,824.59 18,069,674.06 355,498.51 527,141.52 626,721.95 530,256.96 516,422.13 2,558,550.02 - - 5,336,467.18 21,685,622.56
levies
Selling and
distributions 70,365,517.10 67,278,087.38 12,048,544.26 7,904,913.89 4,454,216.88 4,060,811.52 451,293.07 374,846.64 - - 87,319,571.31 79,618,659.43
expenses
Administrative
30,802,012.89 28,557,737.50 12,226,514.76 9,137,684.03 706,803.92 1,048,167.53 12,004,046.64 10,056,046.59 211,861.00 2,601,852.47 55,951,239.21 51,401,488.12
expenses
Total segment
510,563,353.95 504,961,427.19 354,845,405.25 247,213,201.26 7,796,236.11 7,066,886.29 48,135,094.28 38,790,702.47 211,861.00 2,601,852.47 921,551,950.59 800,634,069.68
operating costs
Segment operating
42,546,013.86 89,859,062.46 133,561.74 3,394,914.93 3,372,883.92 2,349,874.67 12,108,689.88 10,196,454.82 (211,861.00) (2,601,852.47) 57,949,288.40 103,198,454.41
profit (loss)
Adjustment:
Financial
- - - - - - - - - - (1,873,301.07) (503,999.76)
expenses
Impairment loss in
- - - - - - - - - - - (450.00)
respect of assets
Gain from
changes in fair - - - - - - - - - - (77,692.00) -
value
Investment
- - - - - - - - - - 58,138,088.47 76,066,957.94
income
Operating profit 42,546,013.86 89,859,062.46 133,561.74 3,394,914.93 3,372,883.92 2,349,874.67 12,108,689.88 10,196,454.82 59,721,836.54 73,969,555.23 117,882,985.94 179,769,862.11
(2) All business and all operating assets of the Group are in China.
(3) The Group does not have customer with over 10% of the total revenue.
65
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
XII. FINANCIAL INSTRUMENTS AND RISK MANAGEMENT
The Group's major financial instruments include currency funds, borrowings, available-
for-sale financial assets, accounts receivable, accounts payable and etc. Details of these
financial instruments are disclosed in Note V. The risks associated with these financial
instruments and the policies on how to mitigate these risks are set out below. Management
manages and monitors these exposures to ensure appropriate measures are implemented
on a timely and effective manner.
1. Risk management objectives and policies
The Group's risk management objectives are to achieve proper balance between risks and
yield, minimize the adverse impacts of risks on the Group's operation performance, and
maximize the benefits of the shareholders and other equity investors. Based on these risk
management objectives, the Group's basic risk management strategy is to identify and
analyse the industry's exposure to various risks, establish appropriate bottom line for risk
tolerance and implement risk management, and monitor various risks in a timely and
reliable manner to ensure risks are under control within certain limits.
1.1 Market risk
1.1.1. Currency risk
Currency risk is the risk that losses will occur because of changes in foreign exchange
rates. The Group's other principal activities are denominated and settled in RMB.
Currency risk arising from the foreign currency balance of assets and liabilities has no
significant impact on the Group's performance. As at June 30, 2011, the balance of the
Group's assets and liabilities are both denominated in RMB as below:
Unit: RMB
Items 30 June 2012 31 December 2011
Cash and cash equivalents - 2,047.98
1.1.2 Interest rate - risk of changes in fair value
The Group's fair value interest rate risk relates primarily to fixed-rate bank entrusted
borrowings from a financial institution (see Note V 21 for details). The borrowings, which
are related party transactions and bear low interest rates, have no significant impact of risk
on the Group's operational performance.
1.1.3. Other price risk
The Group's available-for-sale financial assets are measured at fair value at each balance
sheet date. Therefore, the Group is exposed to the risks of changes in the equity security
price. The Group minimizes the equity security price risks by holding a portfolio of equity
securities with different risks.
66
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
XII. FINANCIAL INSTRUMENTS AND RISK MANAGEMENT-continued
1. Risk management objectives and policies-continued
1.1.3. Other price risk-continued
In order to minimize the credit risk, the Group controls credit limits, credit approvals and
other monitoring procedures to ensure that follow-up action is taken to recover overdue
debts. In addition, the Group reviews the recoverable amount of each individual trade debt
at each balance sheet date to ensure that adequate impairment losses are made for
irrecoverable amounts. In this regard, the management of the Group considers that the
Groups credit risk is significantly reduced.
The credit risk on liquid funds is limited because the counterparties are banks with
high credit ratings assigned by international credit-rating agencies.
The Group has adopted a policy of only dealing with creditworthy counterparties.
The Group has no significant concentration of credit risk.
1.2. Credit risk
As at June 30, 2012, the Groups maximum exposure to credit risk which will
cause a financial loss to the Group due to failure to discharge an obligation by the
counterparties and financial guarantees provided by the Group is arising from:
The carrying amount of the respective recognized financial assets as stated in the
consolidated balance sheet. For financial instruments measured at fair value, the
carrying amount reflects the exposure to risks (but not the maximum exposure to
risks); the maximum exposure to risks would vary according to the future changes
in the fair value. It disclosed the information about the financial guarantee contract
in the note VI 5 (3).
In order to minimize the credit risk, the Group controls credit limits, credit
approvals and other monitoring procedures to ensure that follow-up action is taken
to recover overdue debts. In addition, the Group reviews the recoverable amount
of each individual trade debt at each balance sheet date to ensure that adequate
impairment losses are made for irrecoverable amounts. In this regard, the
management of the Group considers that the Groups credit risk is significantly
reduced.
The credit risk on liquid funds is limited because the counterparties are banks with
high credit ratings assigned by international credit-rating agencies.
The Group has adopted a policy of only dealing with creditworthy counterparties.
The Group has no significant concentration of credit risk.
67
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
XII. FINANCIAL INSTRUMENTS AND RISK MANAGEMENT- continued
1. Risk management objectives and policies- continued
1.3. Liquidity risk
In the management of the liquidity risk, the Group monitors and maintains a level
of cash and cash equivalents deemed adequate by the management to finance the
Groups operations and mitigate the effects of fluctuations in cash flows. The
management monitors the utilization of bank borrowings and ensures compliance
with loan covenants.
At the balance sheet date, the financial assets and financial liabilities of the Group
will mature within one year except for some deposit and debt due from reform of
other payables.
II. Fair value
The fair values of the financial assets and financial liabilities are determined as
follows:
The fair value of financial assets and financial liabilities with standard terms
and conditions and traded on active markets are determined with reference to
quoted market bid prices and ask prices respectively;
The fair value of other financial assets and financial liabilities (excluding
derivative instruments) are determined in accordance with generally accepted
pricing models based on discounted cash flow analysis using prices or rates
from observable current market transactions.
The Groups management believes the book value of the financial assets and
financial liabilities carried at amortized cost in the financial statement is closed to
the fair value.
Fair value hierarchy
For those financial assets and financial liabilities which are measured subsequently at fair
value, grouped into Level 1 to 3 based on the degree to which the fair value is observable:
Level 1 fair value measurements are those derived from quoted prices (unadjusted) in
activemarkets for identical assets or liabilities.
Level 2 fair value measurements are those derived from inputs other than quoted prices
included within Level 1 that are observable for the assets or liabilities, either directly (i.e. as
prices) or indirectly (i.e. derived from prices).
68
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
XII. FINANCIAL INSTRUMENTS AND RISK MANAGEMENT- continued
Fair value hierarchy-continued
Level 3 fair value measurements are those derived from valuation techniques that include
inputs for the assets or liabilities that are not based on observable market data (unobservable
inputs).
Unit: RMB
30 June 2012
Level 1 Level 2 Level 3 Total
AFS financial assets
－Equity instruments 77,032,324.87 - - 77,032,324.87
Held-for-trading financial
830,034.50 - - 830,034.50
assets
Total 77,862,359.37 - - 77,862,359.37
Unit: RMB
31 December 2011
Level 1 Level 2 Level 3 Total
AFS financial assets
－Equity instruments 79,313,107.86 - - 79,313,107.86
Held-for-trading financial assets 848,726.50 - - 848,726.50
Total 80,161,834.36 - - 80,161,834.36
Fair value loss of financial assets recognized in other comprehensive loss is RMB558,587.63
(Loss of the comparative period of last year: RMB4,529,175.86).
III. Sensitivity analysis
The Group adopts sensitivity analysis technique to analyse how the entity's profit and loss for
the current period and the owners' equity would have been affected by changes in the
relevant risk variables that were reasonably possible. As it is unlikely that risk variables will
change in an isolated manner, and the interdependence between risk variables will have
significant effect on the amount ultimately influenced by the changes in a single risk variable,
the following items are based on the assumption that each risk variable has changes on a
stand-alone basis.
The reasonable changes in interest rate and exchange rate have little effect on the entity's
profit and loss for the current period and the owners' equity.
69
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
XII. FINANCIAL INSTRUMENTS AND RISK MANAGEMENT- continued
III. Sensitivity analysis- continued
The Group is exposed to the price risk arising from the financial assets which are measured
at fair value Changes in the price of stock market may have the following influences:
Unit: RMB'000
Period from 1 January to 30 June
2012 Period from 1 January to 30 June 2011
Price fluctuation Effects on Effects on Effects on profit Effects on
of the stock profit shareholders' shareholders'
Item market equity equity
AFS financial Increasing 10% - 5,777 - 7,173
assets
AFS financial Decreasing 10% - (5,777) - (7,173)
assets
Unit: RMB'000
Price Period from 1 January to 30 June 2011 Period from 1 January to 30 June 2010
fluctuation of Effects on profit Effects on Effects on profit Effects on
the stock shareholders' shareholders'
Item market equity equity
Hold-for- Increasing 10% 83 - - -
trading
financial
assets
Hold-for- Decreasing (83) - - -
trading 10%
financial
assets
XIII. NOTES TO THE COMPANY’S FINANCIAL STATEMENTS
1. Cash and bank balance
Unit: RMB
30 June 2012 31 December 2011
Exchange Exchange
Item Foreign Currency rate RMB Foreign Currency rate RMB
Cash:
RMB 140,616.95 1.0000 140,616.95 116,022.50 1.0000 116,022.50
Cash deposit:
RMB 385,867,597.84 1.0000 385,867,597.84 322,239,524.43 1.0000 322,239,524.43
USD
Total -- -- 386,008,214.79 -- -- 322,355,546.93
70
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
XIII. NOTES TO THE COMPANY’S FINANCIAL STATEMENTS
2. Dividends payable
Unit: RMB
Name Opening balance Adding Reducing Closing balance
Due within 1 year
Including:
(1) JHJ International Transportation Co., - -
Ltd. 16,500,000.00 (16,500,000.00)
(2) Shanghai Dazhong New Asia Co., Ltd. - 7,586,793.97 - 7,586,793.97
Aging for more than 1 year
Including:
(1) Shanghai Jin Jiang Automobile Sales 58,000,000.00 - - 58,000,000.00
service Co., Ltd.
Total 58,000,000.00 24,086,793.97 (16,500,000.00) 65,586,793.97
3. Other receivables
(1) Disclosure of other receivables by categories:
Unit: RMB
30 June 2012 31 December 2011
Carrying amount Bad debt provision Carrying amount Bad debt provision
Proportion Proportion Proportion Proportion
Categories Amount (%) Amount (%) Amount (%) Amount (%)
Individually
significant 100 - -
100 - - 200,000,000.00
receivables 150,000,000.00
Other
insignificant - - -
- - - 399,707.57
receivables 580,861.94
Total 150,580,861.94 100 - - 200,399,707.57 100 - -
The Company considers other receivables of over RMB10,000,000.00 as individually significant
accounts.
71
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
XIII. NOTES TO THE COMPANY’S FINANCIAL STATEMENTS- continued
3. Other receivables-continued
(2) The aging analysis of other receivables is as follows:
Unit: RMB
30 June 2012 31 December 2011
Proportio Bad debt Carrying Proportio Bad debt Carrying
Aging Amount n (%) provision amount Amount n (%) provision amount
Within 1
year 130,580,861.94 87 - 130,580,861.94 200,399,707.57 100 - 200,399,707.57
1-2 years 20,000,000.00 13 - 20,000,000.00 - - - -
2-3 years - - - - - - - -
More than 3
years - - - - - - - -
Total 150,580,861.94 100 - 150,580,861.94 200,399,707.57 100 - 200,399,707.57
(3) There are no other receivables from shareholders holding over 5% (including 5%) of the
Company shares.
(4) Top five entities
Unit: RMB
Relationship with the Proportion
Name Amount Aging
Company (%)
Shanghai Jin Jiang Automobile Subsidiary Within 2years
Service Co., Ltd. 150,000,000.00 99.61
Shanghai JHJ Logistic Subsidiary Within I years
Management Co., Ltd. 200,220.00 0.13
Shanghai Jin Hong Hotel Co., Ltd. Held by the same parent Within I years
company 143,313.96 0.10
Shanghai Jin Hong Hotel Co., Ltd. Held by the same parent Within I years
company 25,208.00 0.02
Shanghai Jin Jiang Hotel Inn Co., Held by the same parent Within I years
Ltd. company 8,587.77 0.01
Total -- 150,377,329.73 99.87
(5) Other receivables of related party
Details of related party please refer to Note XIII 20(4).
4. Other current assets
Unit: RMB
Item 30 June 2012 31 December 2011
Commissioned loan 35,042,100.00 44,210,000.00
Other current assets represent that the Company provided commissioned loan to Shanghai Wusong
Luoji Refrigerated Co., Ltd. through China Minsheng Banking Corp. Ltd. with 6.100% interest
yearly. The loan will be due on 20 July 2012; details please refer to Note XIII 20(3).
5. Available-for-sale financial assets
Unit: RMB
30 June 2012 31 December 2011
Item Fair value Fair value
Available-for-sale equity instruments 67,462,462.79 68,959,141.12
Available-for-sale financial assets are other listed companies' stocks held by the Company. The 29
72
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
June 2012 fair value is recognized based on period end market share price.
73
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENT
FOR SIX MONTHS ENDED 30 JUNE 2011
XIII. NOTES TO THE COMPANY’S FINANCIAL STATEMENTS - continued
6. Long-term equity investments
(1) Details of long-term equity investments are as follows:
Unit: RMB
Explanation
of the voting
Proportion
right not
of consistent
ownership with
interest proportion
Proportion of
held by the voting power of Impair
Accounting Initial Company held by the ownership Provision for ment
Investee method investments 1 January 2012 Changes 30 June 2012 (%) Company (%) interest impairment loss loss Cash dividends
Subsidiaries 5
JHJ Logistics Management Co., ltd. Cost The same as
52,000,000.00 52,000,000.00 - 52,000,000.00 65 - - -
method the shares
Shanghai Jin Jiang Automobile Service Co., Cost The same as
538,135,811.60 538,135,811.60 - 538,135,811.60 95 - - -
Ltd. method the shares
Shanghai Jinjiang International Cold Logistics Cost The same as
42,502,500.00 42,502,500.00 - 42,502,500.00 95->51 - - -
Development Co., Ltd. (Note 1) method the shares
Shanghai Shang Shi Food Co., Ltd. (Note 1) Cost The same as
23,750,000.00 23,750,000.00 - 23,750,000.00 95 - - -
method the shares
Joint venture
Shanghai Dazhong New Asia Co., Ltd. Equity 50
84,628,129.42 97,013,337.15 (3,140,980.54) 93,872,356.61 49.5 Note - - 7,586,793.97
method
JHJ International Transportation Co., Ltd. Equity The same as
40,254,477.70 117,369,579.00 (11,512,967.80) 105,856,611.20 50 - - 16,500,000.00
method the shares
Other equity investment
Shanghai Global Paper Production Co., Ltd. Cost The same as
746,253.00 746,253.00 - 746,253.00 10 746,253.00 - -
method the shares
Guotai Junan Securities Co., Ltd. Cost The same as
62,912,955.76 47,649,967.00 15,262,988.76 62,912,955.76 <=5% - - -
method the shares
Guotai Junan Investment Management Co., Cost The same as
31,974,279.24 31,974,279.24 - 31,974,279.24 <=5% 2,500,000.00 - -
Ltd. method the shares
Shanghai Guojia Industry Co., Ltd. Cost The same as
650,000.00 650,000.00 - 650,000.00 <=5% 650,000.00 - -
method the shares
Shandong Guotai Co., Ltd. Cost The same as
555,000.00 555,000.00 - 555,000.00 <=5% 555,000.00 - -
method the shares
Total -- --
878,109,406.72 952,346,726.99 609,040.42 -- -- 4,451,253.00 -- 24,086,793.97
952,955,767.41
Note: According to the entity's Articles of Association, the Company holds 50% of the voting power.
74
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
XIII. NOTES TO THE COMPANY’S FINANCIAL STATEMENTS - continued
7. Investment properties
(1) Investment properties measured using the cost model
Unit: RMB
Item 1 January 2012 Additions Reductions 30 June 2012
I. Cost 24,591,016.05 - - 24,591,016.05
1. Buildings 24,591,016.05 - - 24,591,016.05
II. Accumulated depreciation and accumulated
4,421,538.50 221,178.24 - 4,642,716.74
amortization
1. Buildings 4,421,538.50 221,178.24 - 4,642,716.74
III. Net book value 20,169,477.55 - - 19,948,299.31
1. Buildings 20,169,477.55 - - 19,948,299.31
IV. Provision for Impairment loss - - - -
1. Buildings - - - -
V.Carrying amount 20,169,477.55 19,948,299.31
1. Buildings 20,169,477.55 19,948,299.31
Depreciation for this period is amounted to RMB221,178.24.
8. Fixed assets
(1) Fixed assets
Unit: RMB
Item January 1, 2011 Additions Reductions June 30, 2011
I. Cost: 74,258,345.12 283,598.00 (31,546.90) 74,510,396.22
Including: Buildings 60,235,578.11 - - 60,235,578.11
Plant & Machinery 5,417,460.84 781.00 - 5,418,241.84
Electronic equipment, furniture
and fixture 4,418,013.96 282,817.00 (31,546.90) 4,669,284.06
Transportation vehicles 160,223.90 - - 160,223.90
Hotel improvement 4,027,068.31 - - 4,027,068.31
II. Accumulated depreciation: 33,109,806.03 1,252,868.62 (28,392.21) 34,334,282.44
Including: Buildings 23,537,817.59 802,154.64 - 24,339,972.23
Plant & Machinery 2,323,168.04 136,027.40 - 2,459,195.44
Electronic equipment, furniture
and fixture 3,623,468.53 124,857.04 (28,392.21) 3,719,933.36
Transportation vehicles 144,201.51 - - 144,201.51
Hotel improvement 3,481,150.36 189,829.54 - 3,670,979.90
III. Net book value 41,148,539.09 40,176,113.78
Including: Buildings 36,697,760.52 35,895,605.88
Plant & Machinery 3,094,292.80 2,959,046.40
Electronic equipment, furniture
and fixture 794,545.43 949,350.70
Transportation vehicles 16,022.39 16,022.39
Hotel improvement 545,917.95 356,088.41
IV. Provision for impairment loss
Including: Buildings
Plant & Machinery
Electronic equipment, furniture
and fixture
Transportation vehicles
Hotel improvement
V. Carrying amount 41,148,539.09 40,176,113.78
Including: Buildings 36,697,760.52 35,895,605.88
Plant & Machinery 3,094,292.80 2,959,046.40
Electronic equipment, furniture
and fixture 794,545.43 949,350.70
Transportation vehicles 16,022.39 16,022.39
Hotel improvement 545,917.95 356,088.41
As at 30 June 2012, there is no restriction on title of fixed assets.
75
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
XIII. NOTES TO THE COMPANY’S FINANCIAL STATEMENTS – continued
8. Fixed assets
(1) Included in current period cost additions, attributed to the increase of disposal. Included in
current period cost reductions, reasoned of the drop of disposal.
(2) Included in current period additions of accumulated depreciation, attributed to the increase
of accrued amount. Included in current period accumulated depreciation reductions, caused
by transferring out of accumulated depreciation in disposal.
9. Deferred tax assets and deferred tax liabilities
1. Presentation not offsetting deferred tax assets and deferred tax liabilities
(1) Recognized deferred tax assets and deferred tax liabilities
Unit: RMB
Items 2012/6/30 2012/6/30 2011/12/31 2011/12/31
Deductible and Taxable Deferred tax assets or Deductible and Taxable Deferred tax assets or
temporary differences liabilities temporary differences liabilities
Deferred tax assets:
Provision for impairment loss 4,452,266.38 1,113,066.60 4,452,266.38 1,113,066.60
Staff settlement allowance 19,608,555.74 4,902,138.94 19,608,555.74 4,902,138.94
Accrued expenses 2,094,263.13 523,565.78 2,190,141.89 547,535.47
Total 26,155,085.25 6,538,771.32 26,250,964.01 6,562,741.01
Accumulated changes in fair
value of available-for-sale
50,976,283.39 12,744,070.85 52,020,150.09 13,005,037.52
financial assets to other
comprehensive income
Total 50,976,283.39 12,744,070.85 52,020,150.09 13,005,037.52
(2) As at June 30, 2012, there is no unrecognized deferred tax asset.
10. Other non-current assets
Unit: RMB
Item 30 June 2012 31 December 2011
Prepayment for investment -- 15,262,988.76
Total -- 15,262,988.76
The beginning balance of RMB15,262,988.76 was prepayment to Guotai Junan Securities Co., Ltd.
for investment that has been transferred to the account of long-term equity investments in current
period.
11. Employee benefits payable
Unit: RMB
Item 1 January 2012 Additions Reductions 30 June 2011
I. Wages or salaries, bonus, allowance, and subsidies 8,577,695.16 829,083.07 (8,189,312.08) 1,217,466.15
II. Staff welfare - 332,728.64 (332,728.64) -
III. Social security contributions 3,631.97 1,120,993.61 (1,124,625.58) -
Including: Premiums or contributions on Medical
- 356,788.66 (356,788.66) -
insurance
Basic pension insurance 3,631.97 681,562.86 (685,194.83) -
Unemployment insurance - 45,526.44 (45,526.44) -
Work injury insurance - 21,794.43 (21,794.43) -
Maternity insurance - 15,321.22 (15,321.22) -
IV. Housing fund - 189,448.00 (189,448.00) -
V. Dismiss benefits 21,798,897.35 - (95,878.75) 21,703,018.60
VI. Others 215,746.82 26,391.66 (41,746.72) 200,391.76
Including: Union fund and employee education fund 215,746.82 26,391.66 (41,746.72) 200,391.76
Total 30,595,971.30 2,498,644.98 (9,973,739.77) 23,120,876.51
No amount in arrear is included in employee benefits payable.
76
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
XIII. NOTES TO THE COMPANY’S FINANCIAL STATEMENTS – continued
12. Taxes payable
Unit: RMB
Item 30 June 2012 31 December 2011
Business tax 93,749.92 103,855.16
Income tax 12,109.19 11,430,012.49
Others 29,155.93 137,257.66
Total 135,015.04 11,671,125.31
13. Other payables
(1) Other payables breakdown
Unit: RMB
Item 30 June 2012 31 December 2011
Jin Jiang Hotels Group Company 36,248.32 415,498.71
Others 8,748,335.21 10,077,636.68
Total 8,784,583.53 10,493,135.39
(2) There are no other payables from shareholders holding over 5% (including 5%) of the
Company shares.
(3) Details of other payables to related parties please refer to XIII 20(4).
14. Capital reserve
Unit: RMB
Item 1 January 2011 Additions Reductions 30 June 2011
Share premium 266,218,226.90 - - 266,218,226.90
Including: Capital invested by investors 266,218,226.90 - - 266,218,226.90
Other comprehensive income (Note 1) 39,015,112.59 - (782,900.02) 38,232,212.57
Other capital reserve 113,847,436.01 - - 113,847,436.01
Including: Transfer from capital reserve
under the previous accounting 113,847,436.01 - - 113,847,436.01
system (Note 2)
Total
419,080,775.50 - (782,900.02) 418,297,875.48
Note1: Details please refer to Notes XIII 18.
Note2: It can be used to increase the share capital and reverse the consolidation difference
generated by business combination under the common control.
77
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
XIII. NOTES TO THE COMPANY’S FINANCIAL STATEMENTS - continued
15. Unappropriated profit
Unit: RMB
Item Amount Appropriation or
distribution
At beginning of period 416,361,728.43 --
Add: Net profit for the period 18,960,411.42 --
Less: Appropriation to statutory surplus reserve 1,896,041.14 Note 1
Dividends payable 165,483,032.10 Note 2
At end of period 267,943,066.61 --
Note1: Appropriation to statutory surplus reserve
According to the Articles of Association, the Company is required to transfer 10% of
its net profit to the statutory surplus reserve. The transfer may be ceased if the
balance of the statutory reserve has reached 50% of the Company registered capital.
Note 2: Dividends payable
As approved by shareholders meeting dated June 1, 2012, on the basis of 551,610,107
issued shares (with the par value of RMB1 per share), dividends of RMB3 (before tax)
per each 10 shares will be distributed to all the shareholders. The amount is transferred
to dividends payable at 30 June 2012.
16. Operating income and operating costs
(1) Operating income and operating costs
Unit: RMB
Item Period from 1 January to 30 Period from 1 January to 30
June 2012 June 2011
Principal operating income 11,169,120.03 9,416,760.96
Operating costs 2,008,493.36 1,427,650.28
(2) Principal operating activities (by industry)
Unit: RMB
Period from 1 January to 30 June 2012 Period from 1 January to 30 June 2011
Categories Operating income Operating costs Operating income Operating costs
Hotel and relevant business 11,169,120.03 2,008,493.36 9,416,760.96 1,427,650.28
Total 11,169,120.03 2,008,493.36 9,416,760.96 1,427,650.28
17. Investment income
(1) Details of invest income are as follows:
Unit: RMB
Item Period from 1 January to 30 Period from 1 January to 30
June 2012 June 2011
Dividend from investment carried at cost 76,879.31 153,839,676.21
Gains recognised under equity method 9,432,845.63 11,010,214.33
Gains on available-for-sale financial assets 1,250,888.90 11,000.00
Gains on disposal of held-for-trading financial assets 28,086.71 164,499.76
Gains on disposal of available-for-sale financial assets 1,742,870.28 1,489,670.10
Total 12,531,570.83 166,515,060.40
78
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
XIII. NOTES TO THE COMPANY’S FINANCIAL STATEMENTS – continued
(2) Significant investment income at cost method:
Unit: RMB
Period from 1 Period from 1
January to 30 January to 30
Investee June 2012 June 2011 The reason of fluctuation
Shanghai Jin Jiang Automobile -- 148,987,526.65 The distributed profit increased for the six
Service Co., ltd. months ended 2012
Total -- 148,987,526.65 --
18. Other comprehensive income (loss)
Unit: RMB
Item Period from 1 January Period from 1 January to 30
to 30 June 2012 June 2011
1.Fair value gain (loss) on of available-for-sale financial assets 39,321.15 (2,981,078.20)
Less: Income tax relating to available-for-sales financial assets 9,830.28 (745,269.55)
Amounts previously recognized in other comprehensive income 812,390.89 1,036,814.10
being reclassified to profit or loss
Sub total (782,900.02) (3,272,622.75)
Total (782,900.02) (3,272,622.75)
19. Supplementary information to the cash flow statements
(1) Supplementary information to the cash flow statements
Unit: RMB
Supplementary information Period from 1 January Period from 1 January
to 30 June 2012 to 30 June 2011
1. Reconciliation of net profit to cash flow from operating activities
Net profit 18,960,411.42 168,974,701.99
Add: Depreciation of fixed assets 1,252,868.62 1,448,516.35
Amortization of intangible assets 18,372.42 18,372.60
Depreciation and amortization of investment property 221,178.24 221,178.24
Losses on disposal of fixed assets, intangible assets and
2,624.69 12,916.34
other long-term assets (less gains)
Losses from changes in fair value 77,692.00 -
Financial expenses (1,112,789.02) -
Gains arising from investment (12,531,570.83) (166,515,060.40)
Decrease of deferred tax assets 23,969.69 19,301.80
(Increase) decrease in inventories (17,735.29) 59,063.48
Decrease (increase) in operating receivables (147,195.41) (2,153,815.08)
Increase in operating payables (21,933,716.02) 2,848,238.38
Net cash flow from operating activities (15,185,889.49) 4,933,413.70
2. Net changes in cash and cash equivalents
Closing balance of cash and cash equivalents 386,008,214.79 491,183,510.08
Less: opening balance of cash and cash equivalents 322,355,546.93 430,340,674.30
Net increase in cash and cash equivalents 63,652,667.86 60,842,835.78
(2) Cash and cash equivalents
Unit: RMB
Item 30 June 2012 31 December 2011
Cash 386,008,214.79 322,355,546.93
Including: Cash on hand 140,616.95 116,022.50
Bank deposits that can be readily 385,867,597.84 322,239,524.43
withdrawn on demand
Closing balance of cash and cash equivalents 386,008,214.79 322,355,546.93
79
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
XIII. NOTES TO THE COMPANY’S FINANCIAL STATEMENTS - continued
20. Related parties transactions of the Company
(1) Purchases or sales of goods, rendering or receiving of services
Unit: RMB
Period from 1 January 2012 Period from 1 January 2011 to 30
to 30 June 2012 June 2011
Percentage
Name of related parties Item Nature Amount (%) Amount Percentage (%)
Jin Jiang hotel group`s Purchases or Purchase
164,254.77 5 4,580,907.36 100
related entities sales of goods goods
Jin Jiang hotel group`s Receiving Management
147,538.94 100 117,416.46 100
related entities (Note) services fee
Pricing principle and process of decision-making:
The Group sets price according to the agreement on integrated service, products purchase
and sales contracts signed by related parties. Significant related party transactions need
approval of the board of directors.
Note: The management fee paid to Jin Jiang International Companies is 2% of hotel income
plus 4% of hotel and profit, as rewarding the service provided, including general
administration, marketing, purchase and etc.
(2) Leasing arrangements
Rental expenses
Unit: RMB
Period from 1
Asset for Recognition criteria
Leaser Leasee January to 30 Effect to the Company
leasement for rental expenses
June 2012
Jin Jiang The Company Building 58,116.00 Rental contract Insignificant
International
(Note)
Note: Few rental expenses are paid to Jin Jiang International due to the contract expiration
regarding house leasing. The rental expenses should be RMB780,000.00 in the
current period assuming the original price is still effective.
(3) Financing
Current period:
Unit:RMB
Beginning
Name of related parties Amount date Ending date 30 June 2012 Note
Lending
Shanghai Wusong luoji
44,210,000.00 2011/07/20 2012/7/20 35,042,100.00 Note1
Refrigerated Co., Ltd.
Shanghai Jinjiang 130,000,000.00 2011/09/28 N/A 130,000,000.00 Note 2
Automobile Co., Ltd.
Shanghai Jinjiang 70,000,000.00 2010/12/23 N/A 20,000,000.00 Note 3
Automobile Co., Ltd
Note1: The interest rate of the loans that are lent to subsidiaries is 6.100%.
Note2: The capital is lent to the subsidiaries without interests.
80
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR SIX MONTHS ENDED 30 JUNE 2012
XIII. NOTES TO THE COMPANY’S FINANCIAL STATEMENTS - continued
20. Amount due to/from related parties
Unit: RMB
Item Related parties 30 June 2012 31 December 2011
Account receivables Jin Jiang International`s related
- 54,402.00
entities
Account receivables Jin Jiang Hotels Group`s
55,180.00 14,014.20
related entities
Subtotal 55,180.00 68,416.20
Other receivables Jin Jiang Hotels Group and
177,109.73 153,108.07
related entities
Other receivables JHJ Logistics Management
200,220.00 -
Co., Ltd.
Subtotal
377,329.73 153,108.07
Other payables Jin Jiang International`s related
- 415,498.71
entities
Other payables Jin Jiang Hotels Group`s
40,543.32 -
related entities
Subtotal 40,543.32 415,498.71
The balances of receivables and payables with related parties exclude the
amount of the entrusted loans through banks in Notes XIII, 20(3).
XIV. APPROVAL OF FINANCIAL STATEMENTS
The Company and consolidated financial statements were approved by the
board of directors and authorized for issue on 23 August 2012.
81
SHANGHAI JIN JIANG INTERNATIONAL INDUSTRIAL INVESTMENT CO., LTD.
FOR SIX MONTHS ENDED 30 JUNE 2011
SUPPLEMENTARY INFORMATION
SUPPLEMENTARY INFORMATION
1. Extraordinary gains and losses
Unit: RMB
Item Amount Note
Profit or loss on disposals of non-current assets Excluding non-operating income
arising from disposal of operational
459,286.91
vehicles
Government grants recognized in profit and loss for the current period --
(except government grants that is highly business related and determined
based on a fixed scale according to the national unified standard). 2,065,990.35
Interest income recognized in profit and loss for the current period from --
non-financial companies.
--
Investment income from changes in fair value of held-for-trading --
financial assets and liabilities and disposals of financial assets, liabilities
and available-for-sale financial assets except effective hedging
transactions related to the Group's normal business 1,693,264.99
Other non-operating net income. 1,633,204.71 --
Tax effect of non-recurring profit or loss (1,462,936.74) --
Net profit attributable to minority interest (after tax) (161,653.56) --
Total 4,227,156.66 --
2. Return on net assets and earnings per share ("EPS")
The calculation of return on net assets and EPS has been prepared by Shanghai Jin Jiang International
Industrial Investment Co., Ltd in accordance with Information Disclosure and Presentation Rules for
Companies Making Public Offering No. 9 – Calculation and Disclosure of Return on Net Assets and
Earnings per Share (Revised 2011) issued by China Securities Regulatory Commission.
Unit: RMB
Weighted average rate of EPS
Profit for the reporting period
return on net assets (%) Basic Diluted
Calculated based on net profit attributable to
4.41 0.172 N/A
ordinary equity holders
Calculated based on net profit attributable to
ordinary equity holders after extraordinary 4.21 0.164 N/A
gains and losses