沙隆达Ｂ：第一季度报告全文（英文版）

1、- report for the first quarter of 2012 of hubei sanonda co., ltd. hubei sanonda co., ltd. report for the first quarter of 2012 1 important notes 1.1 the board of directors, the supervisory committee as well as directors, supervisors and senior executives of hubei sanonda co., ltd. (hereinafter refer

2、red to as “the company”) guarantee that this report does not contain any false information, misleading statement or material omission and will take individual and/or joint liabilities for the factuality, accuracy and completeness of this report. 1.2 financial statements for the first quarter of 2012

3、 have not been audited by an accounting firm. 1.3 mr. li zuorong, the company principal, and mr. he xuesong, the principal of the accounting work and the person-in-charge of the accounting department (the accounting principal), hereby confirm that the financial statements enclosed in the quarterly r

4、eport is true and complete. english translation for reference only. should there be any discrepancy between the two versions, the chinese version shall prevail. 2 company profile 2.1 main accounting data and financial indices unit: rmb yuan 31 mar. 201231 dec. 2011increase/decrease (%) total assets

5、(yuan) owners equity attributable to shareholders of the company (yuan) share capital (share) net assets per share attributable to shareholders of the company (yuan/share) gross revenues (yuan) net profit attributable to shareholders of the company (yuan) net cash flows from operating activities (yu

6、an) net cash flows per share from operating activities (yuan/share) basic eps (yuan/share) diluted eps (yuan/share) weighted average roa (%) 2,526,612,713.27 1,172,692,028.08 593,923,220.00 1.97 jan.-mar. 2012 501,283,492.34 14,030,342.75 -11,945,307.62 -0.02 0.0236 0.0236 1.20% 2,292,650,234.81 1,1

7、56,347,732.27 593,923,220.00 1.95 jan.-mar. 2011 465,889,677.27 8,227,439.93 -49,561,364.57 -0.08 0.0139 0.0139 0.73% 10.20% 1.41% 0.00% 1.03% increase/decrease (%) 7.60% 70.53% 75.90% 75.00% 69.78% 69.78% 0.47% weighted average roa after non-recurring gains and losses (%) deducting 1.22%1.17%0.05%

8、items of non-recurring gains and losses applicableinapplicable unit: rmb yuan items of non-recurring gains and losses gains and losses on non-current asset disposal other non-operating incomes and expenses income tax effects minority interests effects total from the year-begin to the period-end -112

9、,327.29 -58,752.94 -9,556.17 8,081.74 -172,554.66 notes (if applicable) 1 co., report for the first quarter of 2012 of hubei sanonda co., ltd. 2.2 total number of shareholders and shares held by the top ten shareholders not subject to trading moratorium at the end of the reporting period unit: share

10、 total number of shareholders at the end of the reporting period 75,615, of which the total number of a-share holders being 51,395 shares held by the top ten shareholders not subject to trading moratorium full name of shareholder shares not subject to trading moratorium held at the period-end type o

11、f share sanonda group corporation state-owned assets administration bureau of qichun county china merchants securities (hk) co., ltd. zhongrong international trust ltd.extraordinary structuring no. 5 jingzhou shashi district union rural credit cooperation china opportunities h-b fund guotai junan se

12、curities (hong kong) limited chen qiaoling sun long liu guocheng 118,887,202 rmb ordinary shares 4,169,266 rmb ordinary shares 3,040,807 domestically listed foreign shares 2,665,300 rmb ordinary shares 2,500,000 rmb ordinary shares 2,299,911 domestically listed foreign shares 1,876,691 domestically

13、listed foreign shares 1,390,830 rmb ordinary shares 1,299,295 rmb ordinary shares 1,214,000 domestically listed foreign shares 3 significant events 3.1 significant changes in main accounting statement items and financial indicators as well as reasons for these changes applicablenon-applicable 31 mar

14、. 201231 dec. 2011 financial statement items monetary funds notes receivable accounts receivable prepayments short-term borrowings accounts payable (rmb ten thousand) (jan.-mar. 2012) 31,470 2,123 19,536 3,735 48,208 20,338 (rmb ten thousand) (jan.-mar. 2011) 21,959 3668 10,622 1,537 29,314 12,264 i

15、ncrease/decrease (%) 43.31% -42.12% 83.92% 143.01% 64.45% 65.83% main reasons for change increase of short-term borrowings notes were adopted more often in settlement. sales income increased and settlement methods with recourse were adopted in most export transactions, which led to longer settlement

16、 periods. more prepayments for raw materials increase of capital needs for production and technical innovation more accounts payable for raw materials and construction projects accounts received in3,5245,496-35.88%some customers took delivery of goods. advance payroll payable 6471,166-44.51%bonuses

17、for last year were distributed in the reporting period. taxes and fares-2,838-2,04139.05%input vat to be deducted increased. payable 2 report for the first quarter of 2012 of hubei sanonda co., ltd. netprofit attributable to owners of1,40382370.47%sales income increased and period expenses decreased

18、. the company 3.2 progress of significant events as well as their influence and solutions 3.2.1 non-standard audit opinion applicableinapplicable 3.2.2 the company provides funds for the controlling shareholder or its related parties or provides external guarantees in violation of the prescribed pro

19、cedure applicableinapplicable 3.2.3 significant contracts signed and executed concerning routine operation applicable 3.2.4 other applicable inapplicable inapplicable 3.3 commitments made by the company, its shareholders and actual controller commitments made by the company, its directors, superviso

20、rs, senior executives, shareholders holding over 5% of the companys shares, actual controller and other related parties in the reporting period, or such commitments carried down into the reporting period applicableinapplicable 3.4 warnings of possible loss or large-margin year-on-year change of the

21、accumulative net profit made during the period from the beginning of the year to the end of the next reporting period according to prediction, as well as explanations on the reasons applicableinapplicable 3.5 other significant events 3.5.1 securities investments applicableinapplicable 3.5.2 research

22、es, interviews and visits received in the reporting period time 13 feb. 2012 14 feb. 2012 7 mar. 2012 8 mar. 2012 place the company the company the company the company way of reception by telephone by telephone by telephone by telephone type of visitor individual individual individual individual vis

23、itor individual investor individual investor individual investor individual investor main discussion and materials provided by the company asked about reasons for the companys share suspension asked about reasons for the companys share suspension asked if the share trading resumption would be put of

24、f asked if the share trading resumption would be put off asked if the share trading could 19 mar. 2012the companyby telephoneindividualindividual investorresume on time before 9 apr. 2012 3.6 derivative investments applicableinapplicable 3.6.1 derivative investments held at the end of the reporting

25、period applicable 4 attachments 4.1 balance sheet inapplicable prepared by hubei sanonda co., ltd items 31 mar. 2012 closing balance unit: rmb yuan opening balance 3 report for the first quarter of 2012 of hubei sanonda co., ltd. consolidationthe companyconsolidationthe company current assets: monet

26、ary funds314,703,200.19252,288,216.75219,587,687.99178,056,420.12 settlement reserves lendings to banks and other financial institutions transactional financial assets notes receivable accounts receivable accounts paid in advance 21,232,092.42 195,355,976.61 37,347,338.79 18,898,366.42 187,617,015.6

27、1 25,169,787.80 36,684,056.23 106,218,693.29 15,366,338.39 35,470,074.23 107,116,214.14 19,942,535.80 premiums receivable reinsurancepremiums receivable receivable reinsurance contract reserves interest receivable dividend receivable650,000.00 other accounts receivable27,736,631.09158,401,485.5424,4

28、13,841.54139,147,365.19 financial assets purchased under agreements to resell inventories344,643,389.54309,828,128.46297,952,963.89249,816,677.70 non-current assets due within 1 year other current assets14,374.73 total current assets941,018,628.64952,853,000.58700,237,956.06729,549,287.18 non-curren

29、t assets: entrusted loans and advances granted available-for-salefinancial assets held-to-maturity investments long-term accounts receivable long-term equity investment investing property fixed assets construction in progress 9,153,782.63 4,635,212.50 1,081,505,356.25 330,859,645.29 76,768,711.36 4,

30、635,212.50 1,043,993,046.75 205,924,308.08 9,153,782.63 4,635,212.50 1,114,276,784.03 303,864,055.51 76,768,711.36 4,635,212.50 1,075,433,427.78 168,798,220.23 engineering materials disposal of fixed assets production biological assets oil-gas assets -11,320.74-11,320.74 intangible assets146,422,116

31、.83131,826,471.89147,453,152.21132,784,006.82 r&d expense goodwill long-term deferred expenses deferred income tax assets13,029,291.878,852,524.8113,029,291.878,852,524.81 other non-current assets total of non-current assets total assets 1,585,594,084.63 2,526,612,713.27 1,471,988,954.65 2,424,841,9

32、55.23 1,592,412,278.75 2,292,650,234.81 1,467,272,103.50 2,196,821,390.68 current liabilities: short-term borrowings482,075,626.29463,500,000.00293,139,068.38279,000,000.00 borrowings from central bank 4 report for the first quarter of 2012 of hubei sanonda co., ltd. customer bank deposits and due t

33、o banks and other financial institutions borrowings from banks and other financial institutions transactional liabilities notes payable financial accounts payable accounts received in advance 203,380,844.99 35,235,523.00 177,155,539.20 24,179,227.87 122,637,168.06 54,962,481.73 101,223,780.57 32,554

34、,691.41 financial assets sold for repurchase handlingchargesand commissions payable employees payable tax payable compensation 6,473,491.43 -28,377,005.38 5,602,399.87 -9,067,192.70 11,657,468.95 -20,410,811.16 8,669,946.00 -1,071,376.94 interest payable dividend payable other accounts payable 349,4

35、63.30 52,729,797.11 349,463.30 33,798,255.53 349,463.30 42,034,152.27 349,463.30 34,105,455.15 reinsurance premiums payable insurance contract reserves payables for acting trading of securities payablesforacting underwriting of securities non-current liabilities due within 1 year 96,990,000.0096,990

36、,000.0096,990,000.0096,990,000.00 other current liabilities total current liabilities848,857,740.74792,507,693.07601,358,991.53551,821,959.49 non-current liabilities: long-term borrowings477,560,000.00477,560,000.00507,560,000.00507,560,000.00 bonds payable long-term payables650,000.00650,000.00650,

37、000.00650,000.00 specific payables estimated liabilities deferred income tax liabilities other non-current liabilities total non-current liabilities total liabilities 17,532,436.98 495,742,436.98 1,344,600,177.72 7,947,777.78 486,157,777.78 1,278,665,470.85 17,614,680.98 525,824,680.98 1,127,183,672

38、.51 7,947,777.78 516,157,777.78 1,067,979,737.27 owners equity (or shareholders equity) paid-up capital (or share capital) capital reserves 593,923,220.00 266,649,062.72 593,923,220.00 263,799,837.18 593,923,220.00 266,649,062.72 593,923,220.00 263,799,837.18 less: treasury stock specific reserves s

39、urplus reserves 20,160,967.92 80,383,814.33 14,752,298.34 80,383,814.33 17,847,014.86 80,383,814.33 12,647,237.00 80,383,814.33 provisions for general risks retained profits211,574,963.11193,317,314.53197,544,620.36178,087,544.90 foreign exchange difference total equity attributable to owners of the

40、 company minority interests 1,172,692,028.08 9,320,507.47 1,146,176,484.381,156,347,732.27 9,118,830.03 1,128,841,653.41 5 items report for the first quarter of 2012 of hubei sanonda co., ltd. total owners equity1,182,012,535.551,146,176,484.381,165,466,562.301,128,841,653.41 total liabilities and e

41、quity owners 2,526,612,713.272,424,841,955.232,292,650,234.812,196,821,390.68 4.2 income statement prepared by hubei sanonda co., ltdjan.-mar. 2012unit: rmb yuan jan.-mar. 2012 consolidation the company jan.-mar. 2011 consolidation the company i. total operating revenues including: sales income 501,

42、283,492.34 501,283,492.34 430,221,750.34 430,221,750.34 465,889,677.27 465,889,677.27 395,007,012.61 395,007,012.61 interest income premium income handling commission income chargeand ii. total operating cost including: cost of sales 481,053,559.24 430,506,913.43 410,866,122.52 410,866,122.52 454,02

43、8,557.92 390,460,597.82 385,241,589.96 334,715,323.86 interest expenses handlingchargeand commission expenses surrenders net claims paid net amount withdrawn for the insurance contract reserve expenditure on policy dividends reinsurance premium taxes charges andassociate 165,454.8552,666.59240,340.6

44、613,465.09 selling and distribution expenses administrative expenses financial expenses asset impairment loss 13,674,778.20 18,693,517.49 18,388,588.93 -375,693.66 8,995,775.27 13,774,690.38 18,281,440.07 18,306,826.20 24,738,310.21 20,282,483.03 0.00 12,260,269.20 18,425,436.94 19,827,094.87 add: g

45、ain/(loss) from change in fair value (“-” means loss) 0.00 gain/(loss) from investment (“-” means loss) including: share of profits in associates and joint ventures foreign exchange gains (“-” means loss) 650,000.000.00 0.00 iii. business profit (“-” means loss) add: non-operating income less: non-o

46、perating expense 20,229,933.10 214,065.01 385,145.24 20,005,627.82 214,065.01 130,000.00 11,861,119.35 11,857.45 250,694.71 9,765,422.65 11,055.39 17,016.00 including: loss from non-current asset disposal iv. total profit (“-” means loss) less: income tax expense v. net profit (“-” means loss) attri

47、butable to owners of the company minority shareholders income 20,058,852.87 5,627,801.00 14,431,051.87 14,030,342.75 400,709.12 20,089,692.83 4,859,923.20 15,229,769.63 15,229,769.63 11,622,282.09 2,969,117.41 8,653,164.68 8,227,439.93 425,724.75 9,759,462.04 2,439,865.51 7,319,596.53 7,319,596.53 v

48、i. earnings per share (i) basic earnings per share0.02360.0139 6 items report for the first quarter of 2012 of hubei sanonda co., ltd. (ii) diluted earnings per share . other comprehensive incomes 0.02360.0139 . total comprehensive incomes attributable to owners of the company attributable to minori

49、ty shareholders 14,431,051.87 14,030,342.75 400,709.12 15,229,769.63 15,229,769.63 8,653,164.68 8,227,439.93 425,724.75 7,319,596.53 7,319,596.53 where there were business combinations under the same control in the reporting period, the combined parties achieved net profits of rmb 0.00 before the co

50、mbinations. 4.3 cash flow statement prepared by hubei sanonda co., ltdjan.-mar. 2012unit: rmb yuan i. cash flows from operating activities: cash received from sale of jan.-mar. 2012 consolidation the company jan.-mar. 2011 consolidation the company commodities and rendering of442,474,827.67374,860,7

51、37.80360,268,014.34308,330,374.13 service net increase of deposits from customers and dues from banks net increase of loans from the central bank net increase of funds borrowed from other financial institutions cash received from premium of original insurance contracts net cash received from reinsur

52、ance business net increase of deposits of policy holders and investment fund net increase of disposal of tradable financial assets cash received from interest, handlingchargesand commissions net increase of borrowings from banks and other financial institutions net increase of funds in repurchase bu

53、siness tax refunds received332,537.1510,820,609.298,276,893.65 other cash received relating to operating activities subtotal of cash inflows from operating activities cash paid for goods and services 19,011,508.41 461,818,873.23 406,038,847.03 10,602,989.13 385,463,726.93 350,866,822.74 19,611,371.2

54、8 390,699,994.91 362,922,240.74 7,382,609.36 323,989,877.14 305,714,437.34 net increase of customer lendings and advances net increase of funds deposited in the central bank and amount due from banks cash for paying claims of the original insurance contracts cash for paying interest, handlingcharges

55、and commissions cash for paying policy dividends 7 report for the first quarter of 2012 of hubei sanonda co., ltd. cash paid to and for employees various taxes paid other cash payment relating to operating activities subtotal of cash outflows from operating activities net cash flows from operating a

56、ctivities 36,059,024.14 3,526,215.79 28,140,093.89 473,764,180.85 -11,945,307.62 31,210,809.97 2,005,145.47 34,048,505.08 418,131,283.26 -32,667,556.33 33,006,626.20 4,720,603.50 39,611,889.04 440,261,359.48 -49,561,364.57 25,718,272.05 2,374,793.75 46,575,382.92 380,382,886.06 -56,393,008.92 ii. ca

57、sh flows from investing activities: cash received from disposal of investments cash received from return on investments net cash received from disposal of fixed assets, intangible assets12,000.0012,000.00400,698.6769,346.00 and other long-term assets net cash received from disposal of subsidiaries o

58、r other business units other cash received relating to investing activities subtotal of cash inflows from investing activities 12,000.0012,000.00400,698.6769,346.00 cash paid to acquire fixed assets, intangible assets and other34,836,648.4431,714,091.1543,954,185.9137,885,635.66 long-term assets cash paid for investment net increase of pledged loans