皖美菱Ｂ：第三季度報(bào)告全文（英文版）

1、7.89%hefei meiling co., ltd.the third quarterly report for 2011(full text)hefei meiling co., ltd.the third quarterly report for 2011(full text)1. important notes1.1 the board of directors and the supervisory committee of hefei meiling co., ltd. (hereinafterreferred to as the company), along with all

2、 its directors, supervisors and senior executives herebyconfirm that there are no any important omissions, fictitious statements or serious misleadinginformation carried in this report, and shall take all responsibilities, individual and/or joint, for thereality, accuracy and completion of the whole

3、 contents.1.2 the third quarterly financial report 2011 of the company has not been audited by cpas.1.3 principal of the company mr. zhao yong, president mr. wang yong, person in charge ofaccounting works mr. yu wanchun and person in charge of accounting organ (accountingofficer) mr. liu bimin hereb

4、y confirm that the financial report of the third quarterly report istrue and complete.2. company profile2.1 main accounting highlights and financial indexes:in rmb yuan2011-9-302010-12-31increase/decreasescope (%)total assets (rmb)7,752,064,295.817,116,164,154.588.94%owners equities attributable tot

5、he shareholders of listed2,821,652,862.432,717,294,371.763.84%company (rmb)share capital (share)636,449,338.00530,374,449.0020.00%net assets per share attributableto the shareholders of listed4.435.12-13.48%company (rmb/share)increase/decreasincrease/decreasjuly-sept. 2011 e over the sameperiod of t

6、helast year (%)jan.-sept. 2011e over the sameperiod of thelast year (%)total operating income (rmb) 1,967,627,950.44net profit attributable to the-15.28% 7,442,646,639.08shareholders of listed company4,858,979.15-93.86%131,016,975.36-56.00%(rmb)net cash flow arising fromoperating activities (rmb)-13

7、7,210,515.74-205.64%-681,544,211.55-1,898.56%net cash flow arising fromoperating activities per share-0.22-168.66%-1.07-1,197.87%(rmb/share)basic earnings per share(rmb/share)diluted earnings per share(rmb/share)weighted average return onequity (%)0.00760.00760.17%-96.03%-96.03%-5.22%0.20590.20594.7

8、3%-71.40%-71.40%-16.33%1-hefei meiling co., ltd.weighted average return onthe third quarterly report for 2011(full text)equity after deductingnon-recurring gains and losses0.14%-4.97%4.33%-6.85%(%)items of non-recurring gains and lossesapplicableinapplicablein rmb yuanitems of non-recurring gains an

9、d lossesgains and losses from the disposal of non-currentassetgovernmental subsidy calculated into current gainsand losses, while closely related with the business ofthe company, excluding the fixed-amount orfixed-proportion governmental subsidy according tothe unified national standardother non-ope

10、rating income and expenditure besidefor the aforementioned itemsitems of other gains and losses that met the definitionof non-recurring gains and losses.amount of impact on minority shareholders interest.impact on income taxtotalamount8,637,159.104,870,212.66-311,623.2423,522.01-84,733.62-1,963,376.

11、9711,171,159.94remarks (ifapplicable)2.2 total number of shareholders at the end of the report period and shares held by the topten shareholders with unrestricted conditionsin sharetotal number of shareholdersat the end of report period58,918particulars about the shares held by the top ten sharehold

12、ers with unrestricted conditionsfull name of shareholderunrestricted shares held atperiod-endtype of sharessichuan changhong electric co.,ltd.hefei xingtai holding group co.,ltd.89,390,342 rmb common share39,251,671 rmb common sharechanghong (hong kong) trade co.,ltd.guotai junansecurities(hongkong)

13、limited20,580,97813,716,769domestically listed foreignsharedomestically listed foreignsharechina pacific life insurance co.,ltd. dividends personal dividend12,600,000 rmb common sharecao shengchun10,429,606domestically listed foreignsharefounder securities co., ltd.donghai securities bank ofcommunic

14、ationdonghai7,439,575 rmb common share6,460,141 rmb common sharesecurities steady value integration2hefei meiling co., ltd.assets management planchina pacific life insurance co.,ltd. traditional normal insuranceproductsdonghai securities co., ltd.the third quarterly report for 2011(full text)5,856,9

15、60 rmb common share4,044,870 rmb common share3. significant events3.1 particulars about material changes in items of main accounting statement and financialindex, and explanations of reasonsapplicableinapplicable3.1.1 changes and explanation for items in balance sheetin rmb yuanitemsbalance atperiod

16、-endbalance atyear-beginchanges %reasonscash payment increased inmonetaryfunds1,181,828,365.901,986,440,504.29-40.51%this period for purchasing andprojects raised fund forinvestment; short-term loansdue for paidnotesreceivableaccountsreceivable2,239,112,344.88608,149,051.591,194,506,906.44372,563,01

17、0.1287.45%63.23%soaring sales and deduction ofthe bill discountundue account receivableincreased for expansion ofsales scaledue other account receivableotherreceivables42,869,363.7561,420,720.54-30.20%at year-begin and take controlin other account receivable inthis periodlong-termholding more equity

18、 of hefeiequity26,761,060.2617,918,060.5949.35%xingmei assets managementinvestmentco., ltd in this periodinvestment project that fromconstructionin progress121,163,943.6675,179,300.9461.17%raised fund increased in thisperiod, capital has not beentransfer yet for incompleteconstructionmore investment

19、 forexpense onresearch anddevelopment27,392,874.1313,505,659.94102.83%development ofair-conditioner from sichuanchanghong air-conditionerco., ltdsubsidiary of thecompanyaccrued impairment provisiondeferredincome taxasset84,838,951.2348,138,723.0576.24%of assets; the quality serviceexpenses for “10-y

20、earwarranty” in appliancecountryside oriented,“refrigerator quality service”,3hefei meiling co., ltd.the third quarterly report for 2011(full text)together with predictedexpenses of retirement welfarehave recognized as deferredincome tax assetsshort-termloans146,000,000.00238,923,801.11-38.89%loans

21、return to bank in thisperiodmaterial acquisition increasenotes payable1,417,114,401.14920,676,239.3653.92%settlement of bank acceptancebillaccountsspeedy invoice for settlement,received in617,933,814.09922,047,156.39-32.98%reduce accounts received inadvanceadvancepreviously income tax hastaxes payab

22、le47,414,163.9978,967,865.01-39.96%been finally settle and paid inthis perioddividendpayableother accountspayable1,551,482.06707,334,106.82738,695.30410,610,813.51110.03%72.26%dividends distribute for 2010profit distribution plan has notpaid up totallyexpenses have occurred in thisperiod but without

23、reimbursement increasednon-currentliabilities duewithin one2,487,706.601,189,452.90109.15%long-term loans due withinone year increasedyearaccrued of quality serviceexpense for 10-year freeprojectedliabilities292,722,331.00203,421,595.0043.90%warranty in appliancecountryside oriented,“refrigerator qu

24、ality service”increasedfor marketing modereforming, secondaryminorityinterests57,062,008.0328,895,887.2997.47%marketing subsidiariesestablished in succession,more minority interestsincreased3.1.2 changes and explanation for items in profit statementin rmb yuanitemsamount inthis periodamount at samep

25、eriod of lastyearchanges %reasonsmeiling group together with itssubordinate subsidiaries andadministrationexpenses231,319,253.25138,126,001.9367.47%marketing joint-ventures wereadded into consolidation range inthis period, more investment forr&d increasedfinancial-33,250,531.86-11,227,370.55-196

26、.16% interest income from raised4hefei meiling co., ltd.expensesthe third quarterly report for 2011(full text)capital increased and cashdiscount by suppliers increasedoverdue account receivableslosses ofdevaluation ofasset9,529,505.7419,464,223.91-51.04%were recover in this period anddisposal of inv

27、entories results ina optimization age structure ofaccount receivable and inventorystructuresfinancial assets available forinvestmentsaleifly tek was sold atincome (lossis listed with2,257,469.01140,917,222.76-98.40%same period of last year forinvestment income obtained, no“-”)operatingsuch income ob

28、tained in thisperiodproduct costs and expensessoaring for higher price ofmaterials and staffs that resultfrom inflation and appreciationof rmb; refrigerator, mainproducts of the company,counter a gliding in price andprofit (lossis listed with15,200,968.14225,737,021.37-93.27%volumes compare to same

29、periodof last year for intensify market“-”)competition; meanwhile,financial assets available forsaleifly tek was sold atsame period of last year forinvestment income obtained, nosuch income obtained in thisperiodnon-operatingexpensedisposal lossof non-currentassettotal profit(loss is listedwith “-”)

30、income taxexpensenet profit (netloss is listedwith “-”)3,242,460.352,294,798.27133,534,784.4013,195,542.44120,339,241.96718,315.80525,192.34353,020,779.2254,701,199.12298,319,580.10351.40%336.94%-62.17%-75.88%-59.66%retirement of fixed assetsincreased in this periodsame reason as “non-operatingexpen

31、ses”same reason as “operatingprofit”income tax payable decreasedsame reason as “operatingprofit”net profitattributable toowners ofparent131,016,975.36297,760,905.90-56.00%same reason as “operatingprofit”companyminorityshareholders-10,677,733.40558,674.20-2011.26%part of the secondarysubsidiaries and

32、 marketing5hefei meiling co., ltd.gains andlossesthe third quarterly report for 2011(full text)joint-ventures, newlyestablished, came into deficit atearly period of establishmentbasic earningsper sharedilutedearnings pershare0.210.210.720.72-70.83%-70.83%total share capital increased andprofit reduc

33、edsame reason as “basic earningsper share”financial assets available forothersale, price at fair value, wasconsolidatedincome-106,074.87-107,555,556.2499.90% disposed at same period of lastyear, no such income occurred inthis yeartotalconsolidatedincome120,233,167.09190,764,023.86-36.97%same reason

34、as “operatingprofit”totalconsolidatedincomeattributable toowners of130,910,900.49190,205,349.66-31.17%same reason as “operatingprofit”parentcompanytotalconsolidatedincomeattributable tominorityshareholders-10,677,733.40558,674.20part of the secondarysubsidiaries and marketing-2011.26% joint-ventures

35、, newlyestablished, came into deficit atearly period of establishment3.1.3 changes and explanation for items in cash flow statementin rmb yuanitemsamount in thisperiodamount at sameperiod of last yearchanges %reasonsexport tax refund obtained bywrite-backof taxreceived56,902,243.7512,350,382.54360.7

36、3%parent company andzhongshan changhongair-conditioner appliance co.,ltd. (“zhongshanchanghong”)other cashreceivedenergy-saving and citizenconcerning160,715,258.2282,448,095.8394.93%favorable grants were obtainedoperatingactivitiescash paidby changhong air-conditionerdiscount for cash payment infor3

37、,268,082,361.831,797,490,929.0281.81%purchasing and on due notespurchasingpayment increased6-hefei meiling co., lmoditiethe third quarterly report for 2011(full text)sandreceivinglaborservicecash paidto/for staffandworkers401,947,468.96256,125,936.85soaring salary for employees;56.93% year-end bonus

38、 and everyrewards of 2010 were paidtaxes paidcashreceivedfromrecoveringinvestmentcashreceivedfrominvestmentincomenet cashreceivedfromdisposal offixed,intangibleand otherlong-termassets341,699,457.591,000,000.003,921,480.5481,152,480.73254,815,080.507,356,806.06142,186,905.7190,951.5334.10%-86.41%-97

39、.24%89126.08%income taxes of 2009 and2010 were settle and paidfinancial assets available forsaleifly tek was sold atsame period of last year forinvestment income obtainedno investment income fromdisposal of financial assetsavailable for sale obtained inthis periodtransfer amount and removingcompensa

40、tion were obtainedfrom disposal of intangibleassets(land use right) ofzhongshan changhong,subsidiary of the company,and jiangxi meiling coolingco., ltdother cashreceivedconcerninginvesting22,785,825.9410,065,835.63126.37%interest income and margin forprojects increasedactivitiescash paidforpurchasin

41、gfixed,intangibleand otherlong-termassets164,884,385.7953,273,584.72209.50%purchasing of the productionline equipment andinvestment for foundationconstruction of athenaluxury refrigerator;foundation construction ofcapacity expansion forfreezers and purchasing ofmatch projectsinvestment amount that p

42、aidcash paidlast year was not consolidatedforinvestment-21,753,532.00- for off-set due to failureregistration in industrial &commercial bureau from part7a-hefei meiling co., ltd.the third quarterly report for 2011(full text)of marketing subsidiaries; theabovementioned subsidiariescompletedregist

43、rationprocedures in this period,investment amount was listedwith minors in consolidationstatementpart of the equity of caohumarketingsecondarycompany,marketingnetcashjoint-venture, was transferredreceivedby the company in this period.fromsubsidiaries978,687.97271,597,181.63-99.64%100% equity amount

44、ofmeiling group, transfer by theand otherunitscompany at same period oflast year, and balance ofair-conditionerbusiness,purchased by the company,were paidcashreceivedfromabsorbinginvestmentcash35,926,000.00secondary marketingjoint-venture, established inthis period, absorb investmentfrom minority sh

45、areholdersreceived152,961,241.63328,860,000.00-53.49% loans decreased in this periodfrom loanscash paidfordividendand profitdistributingor interest34,916,771.528,690,844.35301.77%cash dividend for profitdistribution plan 2010 waspaid and interest of bank loansincreasedpayinginfluenceon cash duetoflu

46、ctuation4,764,243.63-116,915.004174.96%appreciation of rmb in thisperiodin exchangerate3.2 progress of significant events, their influences, and analysis and explanation of theirsolutions3.2.1 qualified opinionapplicableinapplicable3.2.2 particular about fund offers to controlling shareholders or as

47、sociated parties andexternal guarantee that against the regulation.applicableinapplicable8hefei meiling co., ltd.the third quarterly report for 2011(full text)3.2.3 particular about signing and implementation on significant contracts of ordinarymanagement.applicableinapplicable1. jiangxi meiling coo

48、ling co., ltd. entered into “state-owned land use right reservecontract” with land reserve center of jingde town citywith the purpose of stimulating the assets reservation of jiangxi meiling cooling co., ltd.(“jiangxi meiling cooling”), raising construction capital for strategy moving, perfection th

49、e assetsstructure of jiangxi meiling cooling, higher the quality of assets continuously as well as thecombination of city plan of jiangde town government, the proposal of land use right reserve byjiangxi meiling cooling co., ltd. was deliberated and approved by 41st meeting of 6th session of theboar

50、d on january 20, 2011. the state-owned land use right reserve contract was signed between thejiangxi meiling cooling and land reserve center of jingde town city by consented. the land useright of are of 159,448.8 m2 (239.17 mu by converted), no.0121 jtgy(2010), located onguanzhuang, cidu avenue, own

51、ed by jiangxi meiling, deliver to land reserve center of jingdetown city for reserve with reserve compensation amounting to 65 million yuan.according to the “state-owned land use right reserve contract”, land reserve compensation 65million yuan was received by jiangxi meiling cooling till end of aug

52、ust 2011.more details found in notice public on appointed disclosure media dated 21 january 2011 withserial of no.:2011-004 and no.: 2011-006.3.2.4 otherapplicableinapplicable1. particular about process of the fund raised and investment of fund raised in the reportperiodon 10 january 2011, the newly

53、 issuing a-share of 116,731,500 shares privately offering of 2010was officially trading in shenzhen stock exchange. being privately offering completed, registercapital of the company increase to rmb 530,374,449. on 7 january 2011, according to relevantregulations, the agreement of tripartite regulat

54、ory for raised fund have been signed between thecompany and taoxianglou sub-branch of hefei branch of china everbright bank, shouchunluqiaosub-branch of bank of communication, changjiang east road sub-branch of hefei icbc, luyangsub-branch of hefei china construction bank and the sponsor institution

55、 china merchants securitiesco., ltd. respectively. on 20 january 2011, being consented by the board, supervisory committee,independent directors and sponsor institution china merchants securities co., ltd, being approvedby shine wing cpa co., ltd., the self-raised fund rmb 88,781,537.21 invested in

56、advance forproject recruitment agreed for replaced with the raised fund.more details found in notice of “particular about privately offering of a-share and listingreport ” and others that public on appointed disclosure media dated 7 january 2011, 17 january, 20january and 21 january with serial of n

57、o.:2011-003, no.: 2011-004, no.: 2011-005 andno.:2011-007.in accordance with the management method on proceeds for listed company from shenzhenstock exchanges and relevant regulations of the management system of usage of raised fund of thehefei meiling co., ltd., for purpose of maximized the efficie

58、ncy on proceeds, lower the financialexpense and down the business cost. on the premise of satisfied capital requirement for investmentproject from raised fund, on 26 march 2011, partial idle raised fund rmb 60 million was used forcurrent capital supply, being consented by the board, supervisory comm

59、ittee, sponsor institution andindependent directors. terms for fund used limited in six months since the date approved by theboard. on 2 june 2011, idle raised fund rmb 60 million was returned to specific account by thecompany.more details found in notice public on appointed disclosure media dated 2

60、6 march 2011 and 3june with serial of no.:2011-017, no.:2011-018, no.:2011-019 and no.: 2011-033.9hefei meiling co., ltd.the third quarterly report for 2011(full text)for purpose of maximized the usage of raising fund, reduced the financial expenses, lower theoperational cost and under the premise of ensure