ST雷伊B：半报告摘要（英文版） .ppt

,English Translation for Reference Only,Stock Code:200168,Short Form of the Stock:ST RIEYS-B,Announcement No.:2011-017,GUANGDONG RIEYS GROUP COMPANY LTD.SUMMARY OF SEMI-ANNUAL REPORT 20111 Important Notes1.1 The Board of Directors,the Board of Supervisors as well as directors,supervisorsand senior management of Guangdong Rieys Group Company Ltd.(hereinafterreferred to as“the Company”)warrant that this report does not contain any false ormisleading statements or omit any material facts and will accept individual and/orjoint liabilities for factuality,accuracy and completeness of the contents of this report.The Summary of Semi-annual Report 2011 is abstracted from the full text of theSemi-annual Report 2011,which is published on the Internet websitehttp:/in the mean time.The investors are suggested to read thefull text to understand more details.1.2 Naught1.3 The semi-annual financial report of the Company has not been audited by a CPAfirm.1.4 Person in charge of the Company Mr.Chen Hongcheng,person in charge of theaccounting work and person in charge of the accounting organ(also Chief FinancialOfficer)Ms.Chen Peixia,hereby confirm that the Financial Report enclosed in theSemi-annual Report is true and complete.English Translation for Reference Only.Should there be any discrepancy between thetwo versions,the Chinese version shall prevail.2.Company Profile2.1 Basic information,Short form of the stockStock codeStock exchange,ST Rieys-B200168Shenzhen Stock Exchange,Company Secretary,Securities Affairs Representative,Name,Mr.Xu Wei,Mr.Chen Yaoji,Rm.,4005,International,Chamber,of Rm.,4005,International,Chamber,of,Contact address,Commerce Tower,Fuhua No.3 Rd.,Futian Commerce Tower,Fuhua No.3 Rd.,Futian,District,Shenzhen,District,Shenzhen,TelephoneFaxE-mail,2.2 Financial highlights2.2.1 Main accounting data and financial indices,English Translation for Reference OnlyUnit:RMB Yuan,At the end of thisreporting period,At the end of lastyear,Increase/decrease at the end of thisreporting period compared with theend of last year(%),Total assets(Yuan)Owners equity attributable to shareholders of thelisted company(Yuan)Share capital(share)Net assets per share attributable to shareholders ofthe listed company(Yuan/share)Total operating income(Yuan)Operating profit(Yuan)Total profit(Yuan)Net profit attributable to shareholders of the listedcompany(Yuan),552,723,733.25303,727,165.13318,600,000.000.95Reporting period(From Jan.to Jun.2011)46,761,330.11-1,447,888.63-3,245,754.32-4,433,879.82,586,050,810.45308,161,044.95318,600,000.000.97Same period of lastyear79,628,557.04-6,610,032.77-7,362,420.31-11,339,502.78,-5.69%-1.44%0.00%-2.06%Increase/decrease year-on-year(%)-41.28%-78.10%-55.91%-60.90%,Net profit attributable to shareholders of the listed,company after deducting non-recurring gains and,-14,295,604.90,-10,586,307.45,58.12%,losses(Yuan),Basic earnings per share(Yuan/share)Diluted earnings per share(Yuan/share)Weighted average ROE(%)Weighted average ROE after deductingnon-recurring gains and losses(%)Net cash flows from operating activities(Yuan)Net cash flows per share from operating activities(Yuan/share),-0.01-0.01-1.45%-4.67%21,934,225.270.07,-0.04-0.04-4.12%-3.35%40,248,096.620.13,-75.00%-75.00%2.67%-1.32%-45.50%-46.15%,2.2.2 Items of non-recurring gains and lossesApplicable InapplicableUnit:RMB Yuan,Items of non-recurring gains and lossesGains and Losses on disposal of non-current assetsGain/loss from change of fair value of transactional asset andliabilities,and investment gains from disposal of transactional financialassets and liabilities and sellable financial assets,other than validperiod value instruments related to the Companys common businessesReversal of provision for impairment on accounts receivable that makeprovision for impairment test individuallyOther non-operating income and expenses other than the above itemsIncome tax effectsMinority interests effects,Amount,6,886,749.9415,899.543,298,325.50-624,311.14285,219.60-158.36,Note(if applicable),-,0,0,0,0,0,0,0,0,0,0,0,0,0,0,English Translation for Reference Only,Total,9,861,725.08,2.2.3 Difference between PRC GAAP and IFRSsApplicable Inapplicable3.Changes in Share Capital and Particulars about Shareholders3.1 Statement of change in share capitalApplicable Inapplicable3.2 Particulars about shares held by the top ten shareholders and the top tenshareholders holding tradable shares in the reporting periodUnit:share,Total shareholders at theperiod-endShares held by the top ten shareholders,15,114,Name of shareholdersPuning Shenghengchang TradeDevelopment Co.,LtdShenzhen Risheng InvestmentCo.,Ltd.,Nature ofshareholdersDomesticnon-state-ownedcorporationDomesticnon-state-ownedcorporation,Percentage ofshareholding36.99%10.68%,Total number ofshares held117,855,00034,020,000,Non-tradable sharesheld117,855,00034,020,000,Shares pledged orfrozen117,855,00034,020,000,ShantouCo.,Ltd.,Lianhua,Industrial,Domesticnon-state-ownedcorporation,3.81%,12,150,000,12,150,000,12,150,000,Su YouheQin YuyanZheng SuxianXu HaiLUO DONG HUI,Domestic naturalpersonDomestic naturalpersonDomestic naturalpersonDomestic naturalpersonDomestic naturalperson,1.88%0.59%0.54%0.48%0.45%,6,001,6631,870,0001,721,1181,515,2001,441,200,NGAIGuobin),KWOK,PAN,(Wei Domestic naturalperson,0.36%,1,145,816,Taifook Securities Company Domestic naturalLimited-Account Client person,0.34%,1,087,459,Particulars about shares held by the top ten shareholders not subject to trading moratorium,Name of shareholder,Number of tradable shares held,Type of share,Su YouheQin Yuyan,6,001,663 Domestically listed foreign shares1,870,000 Domestically listed foreign shares,English Translation for Reference Only,Zheng SuxianXu HaiLUO DONG HUINGAI KWOK PAN(Wei Guobin)Taifook Securities Company Limited-AccountClientKe ZhongfengDuan DejinChen Zhenqi,1,721,118 Domestically listed foreign shares1,515,200 Domestically listed foreign shares1,441,200 Domestically listed foreign shares1,145,816 Domestically listed foreign shares1,087,459 Domestically listed foreign shares762,200 Domestically listed foreign shares732,100 Domestically listed foreign shares701,800 Domestically listed foreign shares,Explanation on associatedrelationship among theaforesaid shareholders oracting-in-concert,There exists associated relationship among Puning Shenghengchang Trade Development Co.,Ltd,Shenzhen Risheng Investment Co.,Ltd.and Shantou Lianhua Industrial Co.,Ltd.Other associatedrelationship is unknown.,3.3 Changes in controlling shareholder and actual controllerApplicable Inapplicable4.Particulars about Directors,Supervisors and Senior Executives4.1 Particulars about changes in shares held by directors,supervisors and seniorexecutivesApplicable Inapplicable5 Report of the Board of Directors5.1 Statement on main business classified according to industries and productsUnit:RMB Ten thousandMain business classified according to industriesIncrease/decreas Increase/decreas Increase/decrease,Industries or products,Operatingrevenue,Operatingcost,Gross profitratio(%),e of operatingrevenue,e of operatingcost,of gross profitratio income,year-on-year(%)year-on-year(%)year-on-year(%),IndustryCommerce,3,723.57866.56,3,171.11516.50,14.84%40.40%,-44.10%-58.25%,-37.35%64.70%,-9.29%10.88%,Main business classified according to products,Garments,4,590.13,3,687.61,19.66%,-41.75%,-34.27%,-9.14%,5.2 Main business classified according to regionsUnit:RMB Ten thousand,RegionExport sales of garmentsDomestic sales of garments,Operating income4,030.39559.74,Increase/decrease overlast year(%)-31.05%-72.49%,5.3 Reasons for changes in main operation and its structureApplicable Inapplicable,forecast,English Translation for Reference Only5.4 Reasons for significant changes in profitability(gross profit margin)of corebusiness compared with the last yearApplicable InapplicableDue to rising labor and material costs,the gross profit rate of the Companys exportbusiness experienced a significant drop in the reporting period.In the same period oflast year,the Companys domestic sale of garments business was mainly processingand selling at home,and the gross profit rate for the business remained at low levelsdue to impact from labor and material costs.In the reporting period,the Companysdomestic sale of garments business was mainly Shenzhen Missk Fashion Co.,Ltd.selling brand womans wear,with the profit rate registering a considerable rise ascompared with the same period of last year.5.5 Reasons for significant changes in profit breakdown compared with the previousyearApplicable Inapplicable5.6 Utilization of raised proceeds5.6.1 Utilization of raised proceedsApplicable Inapplicable5.6.2 Changes in projects invested with raised proceedsApplicable Inapplicable5.7 Revised business plan of the Board for the second half of the yearApplicable Inapplicable5.8 Estimation on accumulative net profit from the beginning of the year to the end ofnext reporting period to be loss probably or the warning of its significant changecompared with the corresponding period of the last year and explanation on reasonApplicable Inapplicable,Performance forecast,Deficit,From the year-begin to the end The same periodof the next reporting period of last year,Change(%),Accumulative net profitexpected(RMB Ten thousand)Basic earnings per share(RMBYuan/share),-900.00-0.028,-1,461.00 Decrease-0.046 Decrease,-38.00%-38.00%,Currently,the main business scope of the Company is garments production andreal estate development,the reasons of the loss reduction in the net profitincurred in the period from the year-begin to the end of the next reporting periodare as follows:(1)Real estate projects developed by the Company are still in thedevelopment phase and they could not be completed and settled within the yearExplanation on performance 2011,and the profits of garments production cant turn the Company to be profit;(2)RMB 6.5 million of investment income was gained from the sales ofShenzhen Missk Fashion Co.,Ltd.during the reporting period;(3)The debtsreorganization with China Construction Bank hasnt been finished,so thededucted interest cant be recorded into current gains and losses temporarily.Thenet profit for the period from Jan.to Sep.2011 is estimated to stand at RMB-9million,representing a loss reduction about RMB 5.61 million from the net profitof RMB-14.61 million at the same period of last year.5.9 Explanation of the Board of Directors on“Non-standard audit report”from theCertified Public Accountants in the reporting period,English Translation for Reference OnlyApplicable Inapplicable5.10 Explanation of the Board of Directors on changes and solutions of the issuesinvolved in“Non-standard audit report”from the Certified Public Accountants in thelast yearInapplicable ApplicableAsia(Group)Accounting Firm issued an unqualified audit report with pinpointedmatters for the 2010 Annual Financial Report of the Company.The said pinpointed matters were stated as,“We warn the users of financialstatements to pay attention to the content of Notes to the Financial Statements X(10),which is in the year 2010,net profit attributable to owners of the parent companystood at RMB-41,187,000 and at RMB-42,204,000 after deducting non-recurringgains and losses.In 2010,the main business scope of the Company was transformedfrom garments to both garments and real estate development.The real estate projectshave been started but not pre-sold,there still existed uncertainty whether the realestate business would generate a profit or not.The Company had disclosed in detailimprovement measures to be taken in the notes to the financial statements,but therestill existed a significant uncertainty about the going-concern ability of the Company.The statements above will not affect the unqualified audit opinion that has beenissued.”The Board of Directors is of the opinion that the biggest obstacle to the Companysdevelopment has been removed through the asset exchange at the end of 2009,whichgreatly improves its asset quality.Although the Company is still in loss in the reportperiod,a loss reduction about RMB 6.72 million has been achieved as compared withthe loss about RMB 11.72 million in the same period of last year.As is shown,theloss is decreasing.The real estate projects in Puning currently developed by theCompany are on smooth progress with about RMB 40 million being input in theprojects accumulatively during the first half year of 2011,thus the construction of theprojects can be implemented as schedule basically.Meanwhile,the target of nationalmacro control on real estate indicates that the demands in real estate market are largein cities like Puning.To sum up,the Companys business is beginning to turn in apositive direction and its continual operation ability is fully guaranteed.6.Significant Events6.1 Acquisition,sales and restructuring of assets6.1.1 Assets acquiredApplicable Inapplicable6.1.2 Assets soldApplicable InapplicableUnit:RMB Ten thousand,Transactionparty,Asset soldout,Date of sale,Net profitTrading price contributedby the asset,Gain/los Related-ps on the artysale transactio,Pricingprinciple,Whethe Whethe Relationsr r credits hip withowners and the,English Translation for Reference Only,to the,n or not,hip of liabiliti transactio,Companyfrom the,theinvolve,es ofthe,n party(applicabl,year-begin to,d asset involve,e for,the date of,has,d asset related-pa,sale,been all,have,rty,transfer been all transactio,red or transfer,ns),not,red ornot,A currentdirectorof the,ChenXuewen,85%equityof ShenzhenMisskFashion Co.,Ltd.,30 Jun.2011,0.00,-370.81,806.03 Yes,Based onassessment andnegotiation,Yes,Yes,Companyand anacting-in-concertperson ofthe,Companys actualcontroller6.1.3 Progress of these events and its influence on the operating results and financialstatus in the reporting period after the report on assets restructure or public notice onacquisition and sales of assets being publishedApplicable InapplicableThe relevant matter has been accomplished.On one hand,such transaction favoredthe Company to reduce losses and recover the arrearage of RMB 17.28 million fromShenzhen Missk Fashion Co.,Ltd.,on the other hand,it helped the Companycentralize current limited resources to make the Companys real estate business moreprofessional,refined and strong,thus helped the Companys business scope to realizethe transformation from garment production to real estate development as soon aspossible.After the primary estimation by the Companys finance department,suchtransaction would make about RMB 6.5 million of investment income for theCompany in 2011.After the complete of such transaction,Shenzhen Missk FashionCo.,Ltd.wouldnt be included into the Companys consolidated financial statements,thus it wouldnt generate any related transaction with the Company.6.2 GuaranteesApplicable Inapplicable6.3 Non-operating related credits and liabilitiesApplicable InapplicableUnit:RMB Ten thousand,Related party,Capital provided for related parties,Capital provided by related parties,1,-,-,Englis