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1、,-,Report for the First Quarter of 2012 of Hubei Sanonda Co.,Ltd.HUBEI SANONDA CO.,LTD.REPORT FOR THE FIRST QUARTER OF 20121 Important Notes1.1 The Board of Directors,the Supervisory Committee as well as directors,supervisors and seniorexecutives of Hubei Sanonda Co.,Ltd.(hereinafter referred to as“
2、the Company”)guarantee thatthis report does not contain any false information,misleading statement or material omission andwill take individual and/or joint liabilities for the factuality,accuracy and completeness of thisreport.1.2 Financial statements for the first quarter of 2012 have not been aud
3、ited by an accounting firm.1.3 Mr.Li Zuorong,the company principal,and Mr.He Xuesong,the principal of the accountingwork and the person-in-charge of the accounting department(the accounting principal),herebyconfirm that the financial statements enclosed in the quarterly report is true and complete.E
4、nglish translation for reference only.Should there be any discrepancy between the two versions,the Chinese version shall prevail.2 Company Profile2.1 Main accounting data and financial indicesUnit:RMB Yuan,31 Mar.2012,31 Dec.2011,Increase/decrease(%),Total assets(Yuan)Owners equity attributable to s
5、hareholders of theCompany(Yuan)Share capital(share)Net assets per share attributable to shareholdersof the Company(Yuan/share)Gross revenues(Yuan)Net profit attributable to shareholders of theCompany(Yuan)Net cash flows from operating activities(Yuan)Net cash flows per share from operatingactivities
6、(Yuan/share)Basic EPS(Yuan/share)Diluted EPS(Yuan/share)Weighted average ROA(%),2,526,612,713.271,172,692,028.08593,923,220.001.97Jan.-Mar.2012501,283,492.3414,030,342.75-11,945,307.62-0.020.02360.02361.20%,2,292,650,234.811,156,347,732.27593,923,220.001.95Jan.-Mar.2011465,889,677.278,227,439.93-49,
7、561,364.57-0.080.01390.01390.73%,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 afternon-recurring gains and losses(%),deducting,1.22%,1.17%,0.05%,Items of non-recurring gains and losses,Applicable,Inapplicable,Unit:RMB Yuan,Items of non-recurr
8、ing gains and lossesGains and losses on non-current asset disposalOther non-operating incomes and expensesIncome tax effectsMinority interests effectsTotal,From the year-begin to theperiod-end-112,327.29-58,752.94-9,556.178,081.74-172,554.66,Notes(if applicable)1,Co.,Report for the First Quarter of
9、2012 of Hubei Sanonda Co.,Ltd.2.2 Total number of shareholders and shares held by the top ten shareholders not subject to tradingmoratorium at the end of the reporting periodUnit:share,Total number of shareholders at the end of thereporting period,75,615,of which the total number of A-share holders
10、being 51,395,Shares held by the top ten shareholders not subject to trading moratorium,Full name of shareholder,Shares not subject to trading moratoriumheld at the period-end,Type of share,Sanonda Group CorporationState-owned Assets Administration Bureau ofQichun CountyChina Merchants Securities(HK)
11、Co.,Ltd.Zhongrong International TrustLtd.Extraordinary Structuring No.5Jingzhou Shashi District Union Rural CreditCooperationChina Opportunities H-B FundGuotai Junan Securities(Hong Kong)LimitedChen QiaolingSun LongLiu Guocheng,118,887,202 RMB ordinary shares4,169,266 RMB ordinary shares3,040,807 Do
12、mestically listed foreign shares2,665,300 RMB ordinary shares2,500,000 RMB ordinary shares2,299,911 Domestically listed foreign shares1,876,691 Domestically listed foreign shares1,390,830 RMB ordinary shares1,299,295 RMB ordinary shares1,214,000 Domestically listed foreign shares,3 Significant Event
13、s3.1 Significant changes in main accounting statement items and financial indicators as well asreasons for these changes,Applicable,Non-applicable,31 Mar.2012,31 Dec.2011,FinancialstatementitemsMonetaryfundsNotesreceivableAccountsreceivablePrepaymentsShort-termborrowingsAccountspayable,(RMB Tenthous
14、and)(Jan.-Mar.2012)31,4702,12319,5363,73548,20820,338,(RMB Tenthousand)(Jan.-Mar.2011)21,959366810,6221,53729,31412,264,Increase/decrease(%)43.31%-42.12%83.92%143.01%64.45%65.83%,Main reasons for changeIncrease of short-term borrowingsNotes were adopted more often in settlement.Sales income increase
15、d and settlement methods with recoursewere adopted in most export transactions,which led to longersettlement periods.More prepayments for raw materialsIncrease of capital needs for production and technicalinnovationMore accounts payable for raw materials and constructionprojects,Accounts,received in
16、,3,524,5,496,-35.88%,Some customers took delivery of goods.,advance,Payrollpayable,647,1,166,-44.51%,Bonuses for last year were distributed in the reporting period.,Taxes and,fares,-2,838,-2,041,39.05%,Input VAT to be deducted increased.,payable2,Report for the First Quarter of 2012 of Hubei Sanonda
17、 Co.,Ltd.,Net,profit,attributable,to owners of,1,403,823,70.47%,Sales income increased and period expenses decreased.,theCompany3.2 Progress of significant events as well as their influence and solutions3.2.1 Non-standard audit opinion,Applicable,Inapplicable,3.2.2 The Company provides funds for the
18、 controlling shareholder or its related parties or providesexternal guarantees in violation of the prescribed procedure,Applicable,Inapplicable,3.2.3 Significant contracts signed and executed concerning routine operation,Applicable3.2.4 OtherApplicable,InapplicableInapplicable,3.3 Commitments made b
19、y the Company,its shareholders and actual controllerCommitments made by the Company,its directors,supervisors,senior executives,shareholdersholding over 5%of the Companys shares,actual controller and other related parties in the reportingperiod,or such commitments carried down into the reporting per
20、iod,Applicable,Inapplicable,3.4 Warnings of possible loss or large-margin year-on-year change of the accumulative net profitmade during the period from the beginning of the year to the end of the next reporting periodaccording to prediction,as well as explanations on the reasons,Applicable,Inapplica
21、ble,3.5 Other significant events3.5.1 Securities investments,Applicable,Inapplicable,3.5.2 Researches,interviews and visits received in the reporting period,Time13 Feb.201214 Feb.20127 Mar.20128 Mar.2012,PlaceThe CompanyThe CompanyThe CompanyThe Company,Way of receptionBy telephoneBy telephoneBy tel
22、ephoneBy telephone,Type of visitorIndividualIndividualIndividualIndividual,VisitorIndividual investorIndividual investorIndividual investorIndividual investor,Main discussion and materialsprovided by the CompanyAsked about reasons for theCompanys share suspensionAsked about reasons for theCompanys s
23、hare suspensionAsked if the share tradingresumption would be put offAsked if the share tradingresumption would be put off,Asked if the share trading could,19 Mar.2012,The Company,By telephone,Individual,Individual investor,resume on time before 9 Apr.,20123.6 Derivative investments,Applicable,Inappl
24、icable,3.6.1 Derivative investments held at the end of the reporting period,Applicable4 Attachments4.1 Balance sheet,Inapplicable,Prepared by Hubei Sanonda Co.,LtdItems,31 Mar.2012Closing balance,Unit:RMB YuanOpening balance,3,Report for the First Quarter of 2012 of Hubei Sanonda Co.,Ltd.,Consolidat
25、ion,The Company,Consolidation,The Company,Current Assets:,Monetary funds,314,703,200.19,252,288,216.75,219,587,687.99,178,056,420.12,Settlement reservesLendings to banks and otherfinancial institutionsTransactional financial assets,Notes receivableAccounts receivableAccounts paid in advance,21,232,0
26、92.42195,355,976.6137,347,338.79,18,898,366.42187,617,015.6125,169,787.80,36,684,056.23106,218,693.2915,366,338.39,35,470,074.23107,116,214.1419,942,535.80,Premiums receivable,Reinsurance,premiums,receivableReceivable reinsurance contractreservesInterest receivable,Dividend receivable,650,000.00,Oth
27、er accounts receivable,27,736,631.09,158,401,485.54,24,413,841.54,139,147,365.19,Financial assets purchasedunder agreements to resell,Inventories,344,643,389.54,309,828,128.46,297,952,963.89,249,816,677.70,Non-current assets due within 1year,Other current assets,14,374.73,Total current assets,941,01
28、8,628.64,952,853,000.58,700,237,956.06,729,549,287.18,Non-current assets:Entrusted loans and advancesgranted,Available-for-sale,financial,assetsHeld-to-maturity investmentsLong-term accounts receivable,Long-term equity investmentInvesting propertyFixed assetsConstruction in progress,9,153,782.634,63
29、5,212.501,081,505,356.25330,859,645.29,76,768,711.364,635,212.501,043,993,046.75205,924,308.08,9,153,782.634,635,212.501,114,276,784.03303,864,055.51,76,768,711.364,635,212.501,075,433,427.78168,798,220.23,Engineering materials,Disposal of fixed assetsProduction biological assetsOil-gas assets,-11,3
30、20.74,-11,320.74,Intangible assets,146,422,116.83,131,826,471.89,147,453,152.21,132,784,006.82,R&D expenseGoodwillLong-term deferred expenses,Deferred income tax assets,13,029,291.87,8,852,524.81,13,029,291.87,8,852,524.81,Other non-current assets,Total of non-current assetsTotal assets,1,585,594,08
31、4.632,526,612,713.27,1,471,988,954.652,424,841,955.23,1,592,412,278.752,292,650,234.81,1,467,272,103.502,196,821,390.68,Current liabilities:,Short-term borrowings,482,075,626.29,463,500,000.00,293,139,068.38,279,000,000.00,Borrowings from Central Bank4,Report for the First Quarter of 2012 of Hubei S
32、anonda Co.,Ltd.Customer bank deposits anddue to banks and other financialinstitutionsBorrowings from banks andother financial institutions,TransactionalliabilitiesNotes payable,financial,Accounts payableAccounts received in advance,203,380,844.9935,235,523.00,177,155,539.2024,179,227.87,122,637,168.
33、0654,962,481.73,101,223,780.5732,554,691.41,Financial assets sold forrepurchase,Handling,charges,and,commissions payable,EmployeespayableTax 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 payab
34、leOther accounts payable,349,463.3052,729,797.11,349,463.3033,798,255.53,349,463.3042,034,152.27,349,463.3034,105,455.15,Reinsurance premiums payableInsurance contract reservesPayables for acting trading ofsecurities,Payables,for,acting,underwriting of securities,Non-current liabilities duewithin 1
35、year,96,990,000.00,96,990,000.00,96,990,000.00,96,990,000.00,Other current liabilities,Total current liabilities,848,857,740.74,792,507,693.07,601,358,991.53,551,821,959.49,Non-current liabilities:,Long-term borrowings,477,560,000.00,477,560,000.00,507,560,000.00,507,560,000.00,Bonds payable,Long-te
36、rm payables,650,000.00,650,000.00,650,000.00,650,000.00,Specific payablesEstimated liabilitiesDeferred income tax liabilities,Other non-current liabilitiesTotal non-current liabilitiesTotal liabilities,17,532,436.98495,742,436.981,344,600,177.72,7,947,777.78486,157,777.781,278,665,470.85,17,614,680.
37、98525,824,680.981,127,183,672.51,7,947,777.78516,157,777.781,067,979,737.27,Owners equity(or shareholdersequity),Paid-up capital(or sharecapital)Capital reserves,593,923,220.00266,649,062.72,593,923,220.00263,799,837.18,593,923,220.00266,649,062.72,593,923,220.00263,799,837.18,Less:Treasury stock,Sp
38、ecific reservesSurplus reserves,20,160,967.9280,383,814.33,14,752,298.3480,383,814.33,17,847,014.8680,383,814.33,12,647,237.0080,383,814.33,Provisions for general risks,Retained profits,211,574,963.11,193,317,314.53,197,544,620.36,178,087,544.90,Foreign exchange difference,Total equity attributable
39、to ownersof the CompanyMinority interests,1,172,692,028.089,320,507.47,1,146,176,484.38,1,156,347,732.279,118,830.03,1,128,841,653.41,5,Items,Report for the First Quarter of 2012 of Hubei Sanonda Co.,Ltd.,Total owners equity,1,182,012,535.55,1,146,176,484.38,1,165,466,562.30,1,128,841,653.41,Total l
40、iabilities andequity,owners,2,526,612,713.27,2,424,841,955.23,2,292,650,234.81,2,196,821,390.68,4.2 Income statement,Prepared by Hubei Sanonda Co.,Ltd,Jan.-Mar.2012,Unit:RMB Yuan,Jan.-Mar.2012Consolidation The Company,Jan.-Mar.2011Consolidation The Company,I.Total operating revenuesIncluding:Sales i
41、ncome,501,283,492.34501,283,492.34,430,221,750.34430,221,750.34,465,889,677.27465,889,677.27,395,007,012.61395,007,012.61,Interest incomePremium income,Handlingcommission income,charge,and,II.Total operating costIncluding:Cost of sales,481,053,559.24430,506,913.43,410,866,122.52410,866,122.52,454,02
42、8,557.92390,460,597.82,385,241,589.96334,715,323.86,Interest expenses,Handling,charge,and,commission expensesSurrendersNet claims paidNet amount withdrawn forthe insurance contract reserveExpenditure on policydividendsReinsurance premium,Taxescharges,and,associate,165,454.85,52,666.59,240,340.66,13,
43、465.09,Selling and distributionexpensesAdministrative expensesFinancial expensesAsset impairment loss,13,674,778.2018,693,517.4918,388,588.93-375,693.66,8,995,775.2713,774,690.3818,281,440.07,18,306,826.2024,738,310.2120,282,483.030.00,12,260,269.2018,425,436.9419,827,094.87,Add:Gain/(loss)from chan
44、ge infair value(“-”means loss),0.00,Gain/(loss)from investment(“-”means loss)Including:share of profits inassociates and joint venturesForeign exchange gains(“-”means loss),650,000.00,0.000.00,III.Business profit(“-”meansloss)Add:non-operating incomeLess:non-operating expense,20,229,933.10214,065.01
45、385,145.24,20,005,627.82214,065.01130,000.00,11,861,119.3511,857.45250,694.71,9,765,422.6511,055.3917,016.00,Including:loss from non-currentasset disposal,IV.Total profit(“-”means loss)Less:Income tax expenseV.Net profit(“-”means loss)Attributable to owners of theCompanyMinorityshareholdersincome,20
46、,058,852.875,627,801.0014,431,051.8714,030,342.75400,709.12,20,089,692.834,859,923.2015,229,769.6315,229,769.63,11,622,282.092,969,117.418,653,164.688,227,439.93425,724.75,9,759,462.042,439,865.517,319,596.537,319,596.53,VI.Earnings per share,(I)basic earnings per share,0.0236,0.0139,6,Items,Report
47、for the First Quarter of 2012 of Hubei Sanonda Co.,Ltd.,(II)diluted earnings pershare.Other comprehensive incomes,0.0236,0.0139,.Total comprehensive incomesAttributable to owners of theCompanyAttributable to minorityshareholders,14,431,051.8714,030,342.75400,709.12,15,229,769.6315,229,769.63,8,653,1
48、64.688,227,439.93425,724.75,7,319,596.537,319,596.53,Where there were business combinations under the same control in the reporting period,thecombined parties achieved net profits of RMB 0.00 before the combinations.4.3 Cash flow statement,Prepared by Hubei Sanonda Co.,Ltd,Jan.-Mar.2012,Unit:RMB Yua
49、n,I.Cash flows from operatingactivities:Cash received from sale of,Jan.-Mar.2012Consolidation The Company,Jan.-Mar.2011Consolidation The Company,commodities and rendering of,442,474,827.67,374,860,737.80,360,268,014.34,308,330,374.13,serviceNet increase of deposits fromcustomers and dues from banksN
50、et increase of loans from thecentral bankNet increase of funds borrowedfrom other financial institutionsCash received from premium oforiginal insurance contractsNet cash received fromreinsurance businessNet increase of deposits ofpolicy holders and investmentfundNet increase of disposal oftradable f
