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1、,-,-,-,-,2011 Quarterly Three Report of Wuhan Boiler Company LimitedWUHAN BOILER COMPANY LIMITED2011 QUARTERLY THREE REPORT1.Important Notes1.1 The Board of Directors,the Board of Supervisors as well as directors,supervisorsand senior management of Wuhan Boiler Company Limited(hereinafter referred t
2、o as“the Company”)hereby confirm that there are no misstatements,misleadingstatements or material omissions in this Quarterly Three Report(“this Report”)andwill take individual and/or joint and several liabilities for the authenticity,accuracyand completeness of this Report.1.2 The 2011 Quarterly Th
3、ree Financial Report has not been audited by a CPA firm.1.3 Mr.YEUNG Kwok Wei Richard,the Companys Principal,Mr.Chin Wee Hua,Accounting Principal,and Mr.SEOW Ven Sern,the Accounting Divisions Principal(Accounting Manager),hereby ensure the Financial Report enclosed in this Report istrue and complete
4、.2.Company Profile2.1 Main accounting data and financial indicesUnit:RMB Yuan,Sep.30,2011,Dec.31,2010,Increase/decrease(%),Total assets(Yuan)Owners equity attributable to shareholders oflisted company(Yuan)Share capital(share)Net assets per share attributable toshareholders of listed company(Yuan/sh
5、are),2,028,244,305.71-1,038,696,145.30297,000,000.00-3.50,1,786,542,557.71-885,425,672.84297,000,000.00-2.98,13.53%-17.31%0.00%-17.45%,Jul.-Sep.2011,Increase/decreaseyear-on-year(%),Jan.-Sep.2011,Increase/decreaseyear-on-year(%),Gross revenue(Yuan)Net profit attributable to shareholders of listedcom
6、pany(Yuan)Net cash flow arising from operation activities(Yuan)Net cash flow per share arising from operationactivities(Yuan/share)Basic earnings per share(Yuan/share)Diluted earnings per share(Yuan/share),78,370,120.24-34,721,745.81-0.12-0.12,-54.43%-269.91%-271.43%-271.43%,326,702,172.24-153,270,4
7、72.46-297,490,885.03-1.00-0.52-0.52,9.03%-147.48%-128.57%-128.57%-147.48%-147.48%,1,-,2011 Quarterly Three Report of Wuhan Boiler Company LimitedWeighted average rate of return on net assets(%)Weighted average rate of return on net assetsafter deducting non-recurring gains and losses(%)Items of non-
8、recurring gains and losses,Applicable,Inapplicable,Unit:RMB Yuan,Items of non-recurring gains and lossesGains and losses on disposal of non-current assets includingreversal of the impairment lossGovernment grant recognized in current year,except forthose acquired in the ordinary course of business o
9、r grantedcontinuously in certain standard quota according to relevantnational laws and regulationsOther non-operating income and expense other thanabovementionedTotal,Amount-111,921.43208,332.0032,765.96129,176.53,Notes(if applicable),2.2 Total number of shareholders at period-end,and shares held by
10、 the top tenshareholders with tradable shares.Unit:share,Total number of shareholders at this period-endParticulars about shares held by the top ten shareholders with tradable shares,9,073,Name of shareholders(full name),Number of tradableshares held at period-end,Type of share,CHINA MERCHANTS SECUR
11、ITIES(HK)CO.LTDCHEN CHU YUNHSBC BROKING SECURITIES(ASIA)LIMITED-CLIENTS A/CWU ZHEN FAZHUANG CHANG XIONGTANG JUANGUOTAI JUNAN SECURITIES(HONGKONG)LIMITEDZHUANG YAO HUALI SHU HUIZHOU YONG YI,2,1,411,694 Domestically listed foreign shares1,372,450 Domestically listed foreign shares1,234,114 Domesticall
12、y listed foreign shares1,138,028 Domestically listed foreign shares1,035,000 Domestically listed foreign shares887,236 Domestically listed foreign shares860,551 Domestically listed foreign shares821,150 Domestically listed foreign shares808,552 Domestically listed foreign shares759,850 Domestically
13、listed foreign shares,1.,2.,3.,4.,5.,6.,7.,8.,9.,2011 Quarterly Three Report of Wuhan Boiler Company Limited3.Significant Events3.1 Particulars about major changes of main accounting statement items and financialindicators,as well as reasons for the changes,Applicable,Inapplicable,Monetary funds inc
14、reased 86.99%as compared to the beginning of the year mainly due to increase inissuance of bank acceptance notes to settle vendors payment and strict control on cash out;Accounts receivable increased 31.76%as compared to the beginning of the year mainly due to new billingsraised during the period on
15、 projects under execution;Prepayment increased 78.99%as compared to the beginning of the year mainly due to increase in the volumeof materials purchase for export projects;Inventory increased 40.58%as compared to the beginning of the year mainly due to the commencement ofnew projects which resulted
16、in the increase in the volume of raw materials purchased;Other non-current assets increased 1506.26%as compared to the beginning of the year mainly due to increasein the volume of unexpired forward contracts;Short-term loan increased 32.55%as compared to the beginning of the year mainly due to decre
17、ase in cashreceived from operating activities during the period;Notes payable increased 234.69%as compared to the beginning of the year mainly due to increase in issuanceof banker acceptance notes to settle vendors payment;Provision for liabilities decreased 100%as compared to the beginning of the y
18、ear mainly due to settlement ofproduct warranty liability with customer;Other non-current liabilities increased 353.43%as compared to the beginning of the year mainly due toincrease in the volume of unexpired forward contracts which resulted in the increase in hedged item;10.Business tax and surchar
19、ges decreased 41.93%as compared to the same period last year mainly due todecrease in relevant tax added income which resulted in the reduction in the corresponding tax charges;11.Selling expenses decreased 39.88%as compared to the same period last year mainly due to the reduction inheadcount for sa
20、les function and accordingly payroll and benefits;12.Administration expenses decreased 43.03%as compared to the same period last year mainly due to thechange in accounting estimates for fixed asset residue value which caused an one off depreciation of assetsbeyond their useful life in prior period;1
21、3.Impairment increased 131.56%as compared to the same period last year mainly due to the increase in age ofaccounts receivable which resulted in the increase in the doubtful debts provision;14.Fair value loss increased 895.23%as compared to the same period last year mainly due to unrealized lossincu
22、rred by hedge accounting for the unexpired forward contracts;15.Non-operating income decreased 83.29%as compared to the same period last year mainly due to reduction indisposal of fixed asset;16.Non-operating expenses decreased 79.47%as compared to the same period last year mainly due to decreasein
23、loss from disposal of fixed assets;17.Income tax decreased 136.76%as compared to the same period last year mainly due to increase in doubtfuldebts provision resulted in increase in temporary difference which gives rise to increase in deferred tax asset;18.Net cash flows from operating activities dec
24、reased 128.57%as compared to the same period last year mainlydue to decrease in contract down payment received from customers;19.Net cash flows from investing activities increased 82.83%as compared to the same period last year mainlydue to decrease in fixed assets investment;3,2011 Quarterly Three R
25、eport of Wuhan Boiler Company Limited20.Net cash flows from financing activities increased 132.71%as compared to the same period last year mainlydue to reduction in repayment of short-term loan.3.2 Progress and influence of significant events,as well as the analysis on solutions3.2.1 About non-stand
26、ard audit opinion,Applicable,Inapplicable,3.2.2 The Company offers fund to the controlling shareholder or other related partiesand provides external guarantees in violation of the prescribed procedures.,Applicable,Inapplicable,3.2.3 Signing and execution of significant contracts concerning routine o
27、peration,Applicable3.2.4 OthersApplicable,InapplicableInapplicable,The Company did not offer fund to the controlling shareholder or other related parties.Neither did it provideexternal guarantees in violation of the prescribed procedures.3.3 Fulfillment of commitments made by the Company,shareholder
28、s and the actualcontrollerCommitments made by the Company,its directors,supervisors,senior management,shareholders holding more than 5%of the Companys shares,actual controller or anyother relevant party in the report period,or such commitments carried down to thereport period:,Applicable,Inapplicabl
29、e,CommitmentCommitments concerning theshare reform,CommitmentmakerNaught,Naught,Contents of commitment,Naught,Execution,Commitments made in a,purchase report or a report on Naughtchanges of owners equity,Naught,Naught,Commitments made inmaterial asset reorganizationCommitments made in shareissuance,
30、NaughtNaught,NaughtNaught(1)Capital commitment:up until Sep 30,NaughtNaught(1)Execution of capital commitment:,2011,amount of long-term assets which the from Jan to Sep 2011,newly signed,Company had signed commitment to,capital commitment was RMB,Other commitments(including supplementaryones),TheCom
31、pany,acquire but were not presented in financial 2,835,032.68,USD34,421.50 andstatements stood at RMB36,840,982.44,executed capital commitment wereUSD462,387.50,EUR 100,571.00;RMB9,124,728.25,EUR 32,500.00;(2)Other commitments:up until Sep 30,(2)Execution of other commitments:2011,amount of performa
32、nce guaranteefrom Jan to Sep new performanceletters,bidding guarantee letters andguarantee letters amounting to4,2011 Quarterly Three Report of Wuhan Boiler Company Limited,quality assurance guarantee letters whichthe Company had issued but not beenreleased from performance responsibilitystood at RM
33、B106,808,360.00 andUSD3,126,923.00.,RMB16,750,000.00 were issued.RMB17,860,000.00 performanceguarantee letters and RMB1,600,000.00 bidding guaranteeletters were released.,3.4 Warnings of possible losses or major changes of the accumulative net profitachieved during the period from the beginning of t
34、he year to the end of the next reportperiod compared with the same period of last year according to prediction,as well asthe reasons,Applicable,Inapplicable,3.5 Other significant events3.5.1 Particulars about securities investment,Applicable,Inapplicable,3.5.2 Particulars about receiving researches,
35、communication,interviews and otheractivities in this report period,Time,Place Reception way,Visitor,Main discussion and materials provided by the Company,Jul.1,2011,Wuhan By telephone,One shareholder with Has the Company submitted the supplementary materialstradable shares for its application for li
36、sting restoration?,Jul.13,2011 Wuhan By telephone,Two shareholderswith tradable shares,When will the listing be restored?How about the progresson the joint venture by Shanghai Electric and Alstom?,Aug.15,2011 Wuhan By telephoneAug.16,2011 Wuhan By telephoneAug.18,2011 Wuhan By telephoneAug.25,2011 W
37、uhan By telephoneAug.30,2011 Wuhan By telephone,One shareholder with Has the Company submitted the supplementary materialstradable shares for its application for listing restoration?One shareholder with Has the Company submitted the supplementary materialstradable shares for its application for list
38、ing restoration?One shareholder with Has the Company submitted the supplementary materialstradable shares for its application for listing restoration?One shareholder with How much actual loss for the first half of 2011?When willtradable shares the listing be restored?One shareholder with Has the Com
39、pany submitted the supplementary materialstradable shares for its application for listing restoration?,Aug.31,2011 Wuhan By telephone,Two shareholderswith tradable shares,The Company still had a loss result in the first half of 2011.If the loss continues this year,is there any chance forlisting rest
40、oration?,Sep.8,2011,Wuhan By telephone,One shareholder withtradable shares,The Companys 2011 Interim Report has been disclosed,but there is no warning on the performance of the thirdquarter.Why?,Sep.15,2011 Wuhan By telephone,One shareholder withtradable shares5,Has the Company submitted the supplem
41、entary materialsfor its application for listing restoration?And when will theresult come out?,2011 Quarterly Three Report of Wuhan Boiler Company Limited,Sep.20,2011 Wuhan By telephoneSep.21,2011 Wuhan By telephoneSep.22,2011 Wuhan By telephoneSep.28,2011 Wuhan By telephoneSep.29,2011 Wuhan By telep
42、hone3.6 Derivatives investment,One shareholder withtradable sharesOne shareholder withtradable sharesOne shareholder withtradable sharesTwo shareholderswith tradable sharesTwo shareholderswith tradable shares,The Company has disclosed a lot of announcements onarbitration and litigation this year.How
43、 about the progressof these cases?How about the Companys actual operation?Has itreceived sufficient orders?Will the Company continue toshow a loss result this year?Will the Company continue to show a loss result for thewhole year of 2011?If yes,will it affect the listingrestoration?Will it lead to d
44、elisting?How about the progress on the joint venture by ShanghaiElectric and Alstom?Will it directly influence the listingrestoration?The Company changed its GM again.Why did the formerGM quit?Will the Company disclose an announcement ofwarning about the performance of the third quarter?,Applicable,
45、Inapplicable,3.6.1 Derivatives investment positions held by the end of the report period,Applicable4 Attachments4.1 Balance Sheet,Inapplicable,Prepared by Wuhan Boiler Company Limited,Sep.30,2011,Unit:RMB Yuan,Balance as at Sep.30,2011,Balance as at Dec.31,2010,Items,Consolidation,Parent Company,Con
46、solidation,Parent Company,Current assets:,Monetary funds,26,131,125.16,24,695,846.48,13,974,304.97,13,310,174.46,Settlement fundsOutgoing call loansTrading financial assets,Notes receivableAccounts receivablePrepayment,34,727,727.49480,273,099.30200,280,465.27,34,727,727.49477,451,754.58200,280,465.
47、27,43,164,000.00364,514,763.75111,894,344.81,42,164,000.00358,592,870.99111,894,344.81,Insurance premium receivablesReinsurance accountsreceivableReinsurance contract reserves6,2011 Quarterly Three Report of Wuhan Boiler Company LimitedreceivableInterest receivableDividend receivable,Other receivabl
48、es,117,498,619.17,117,715,979.63,136,383,710.94,136,373,830.94,Financial assets purchasedunder agreement to resell,Inventories,238,019,770.47,238,019,770.47,169,307,374.03,169,307,374.03,Non-current assets due within 1yearOther current assets,Total current assets,1,096,930,806.86,1,092,891,543.92,83
49、9,238,498.50,831,642,595.23,Non-current assets:Loan and payment on othersbehalf disbursedAvailable-for-sale financialassetsInvestment held to maturityLong-term receivables,Long-term equity investmentInvestment property,39,234,287.13,39,234,287.13,Fixed assetsConstruction in progress,763,882,127.7242
50、,020,993.28,764,039,104.7142,020,993.28,776,284,766.2950,952,741.50,776,441,743.2850,952,741.50,Engineering materialsDisposal of fixed assetsProduction biological assetsOil-gas assets,Intangible assets,52,309,488.42,52,309,488.42,57,323,977.87,57,323,977.87,R&D expensesGoodwillLong-term deferred exp
