皖美菱Ｂ：第三季度报告全文（英文版） .ppt

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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 i

2、ts 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 content

3、s.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 hereby confirm that t

4、he Financial Report of the Third Quarterly Report istrue and complete.2.Company Profile2.1 Main accounting highlights and financial indexes:In RMB Yuan,2011-9-30,2010-12-31,Increase/decreasescope(%),Total assets(RMB),7,752,064,295.81,7,116,164,154.58,8.94%,Owners equities attributable to,the shareho

5、lders of listed,2,821,652,862.43,2,717,294,371.76,3.84%,company(RMB),Share capital(Share),636,449,338.00,530,374,449.00,20.00%,Net assets per share attributable,to the shareholders of listed,4.43,5.12,-13.48%,company(RMB/Share),Increase/decreas,Increase/decreas,July-Sept.2011 e over the sameperiod o

6、f thelast year(%),Jan.-Sept.2011,e over the sameperiod of thelast year(%),Total operating income(RMB)1,967,627,950.44Net profit attributable to the,-15.28%7,442,646,639.08,shareholders of listed company,4,858,979.15,-93.86%,131,016,975.36,-56.00%,(RMB),Net cash flow arising fromoperating activities(

7、RMB),-137,210,515.74,-205.64%,-681,544,211.55,-1,898.56%,Net cash flow arising from,operating 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%-

8、5.22%,0.20590.20594.73%,-71.40%-71.40%-16.33%,1,-,Hefei Meiling Co.,Ltd.Weighted average return on,The Third Quarterly Report for 2011(Full Text),equity after deductingnon-recurring gains and losses,0.14%,-4.97%,4.33%,-6.85%,(%)Items of non-recurring gains and losses,Applicable,Inapplicable,In RMB Y

9、uan,Items of non-recurring gains and 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 unifi

10、ed national standardOther non-operating 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 taxTotal,Amount8,637,159.104,870,212.66-311,62

11、3.2423,522.01-84,733.62-1,963,376.9711,171,159.94,Remarks(Ifapplicable),2.2 Total number of shareholders at the end of the report period and shares held by the topten shareholders with unrestricted conditionsIn Share,Total number of shareholdersat the end of report period,58,918,Particulars about th

12、e shares held by the top ten shareholders with unrestricted conditions,Full name of shareholder,Unrestricted shares held atperiod-end,Type of shares,Sichuan Changhong Electric Co.,Ltd.Hefei Xingtai Holding Group Co.,Ltd.,89,390,342 RMB common share39,251,671 RMB common share,Changhong(Hong Kong)Trad

13、e Co.,Ltd.GUOTAI JUNANSECURITIES(HONGKONG)LIMITED,20,580,97813,716,769,Domestically listed foreignshareDomestically listed foreignshare,China Pacific Life Insurance Co.,Ltd.dividends personal dividend,12,600,000 RMB common share,CAO SHENGCHUN,10,429,606,Domestically listed foreignshare,Founder Secur

14、ities Co.,Ltd.Donghai Securities Bank ofCommunicationDonghai,7,439,575 RMB common share6,460,141 RMB common share,Securities Steady Value Integration2,Hefei Meiling Co.,Ltd.Assets Management PlanChina Pacific Life Insurance Co.,Ltd.traditional normal insuranceproductsDonghai Securities Co.,Ltd.,The

15、Third Quarterly Report for 2011(Full Text)5,856,960 RMB common share4,044,870 RMB common share,3.Significant events3.1 Particulars about material changes in items of main accounting statement and financialindex,and explanations of reasons,Applicable,Inapplicable,3.1.1 Changes and explanation for ite

16、ms in balance sheetIn RMB Yuan,Items,Balance atperiod-end,Balance atyear-begin,Changes%,Reasons,Cash payment increased in,Monetaryfunds,1,181,828,365.90,1,986,440,504.29,-40.51%,this period for purchasing andprojects raised fund forinvestment;short-term loans,due for paid,NotesreceivableAccountsrece

17、ivable,2,239,112,344.88608,149,051.59,1,194,506,906.44372,563,010.12,87.45%63.23%,Soaring sales and deduction ofthe bill discountUndue account receivableincreased for expansion ofsales scale,Due other account receivable,Otherreceivables,42,869,363.75,61,420,720.54,-30.20%,at year-begin and take cont

18、rolin other account receivable in,this period,Long-term,Holding more equity of Hefei,equity,26,761,060.26,17,918,060.59,49.35%,Xingmei Assets Management,investment,Co.,Ltd in this periodInvestment project that from,Constructionin progress,121,163,943.66,75,179,300.94,61.17%,raised fund increased in

19、thisperiod,capital has not beentransfer yet for incomplete,constructionMore investment for,Expense onResearch andDevelopment,27,392,874.13,13,505,659.94,102.83%,development ofair-conditioner from SichuanChanghong Air-conditionerCo.,Ltdsubsidiary of the,CompanyAccrued impairment provision,Deferredinc

20、ome taxasset,84,838,951.23,48,138,723.05,76.24%,of assets;the quality serviceexpenses for“10-yearwarranty”in appliancecountryside oriented,“refrigerator quality service”,3,Hefei Meiling Co.,Ltd.,The Third Quarterly Report for 2011(Full Text)together with predictedexpenses of retirement welfarehave r

21、ecognized as deferredincome tax assets,Short-termloans,146,000,000.00,238,923,801.11,-38.89%,Loans return to bank in thisperiod,Material acquisition increase,Notes payable,1,417,114,401.14,920,676,239.36,53.92%,settlement of bank acceptance,bill,Accounts,speedy invoice for settlement,received in,617

22、,933,814.09,922,047,156.39,-32.98%,reduce accounts received in,advance,advancePreviously income tax has,Taxes payable,47,414,163.99,78,967,865.01,-39.96%,been finally settle and paid in,this period,DividendpayableOther accountspayable,1,551,482.06707,334,106.82,738,695.30410,610,813.51,110.03%72.26%

23、,Dividends distribute for 2010profit distribution plan has notpaid up totallyExpenses have occurred in thisperiod but withoutreimbursement increased,Non-current,liabilities duewithin one,2,487,706.60,1,189,452.90,109.15%,Long-term loans due withinone year increased,yearAccrued of quality serviceexpe

24、nse for 10-year free,Projectedliabilities,292,722,331.00,203,421,595.00,43.90%,warranty in appliancecountryside oriented,“refrigerator quality service”increasedFor marketing modereforming,secondary,Minorityinterests,57,062,008.03,28,895,887.29,97.47%,marketing subsidiariesestablished in succession,m

25、ore minority interestsincreased3.1.2 Changes and explanation for items in profit statementIn RMB Yuan,Items,Amount inthis period,Amount at sameperiod of lastyear,Changes%,Reasons,Meiling Group together with itssubordinate subsidiaries and,Administrationexpenses,231,319,253.25,138,126,001.93,67.47%,m

26、arketing joint-ventures wereadded into consolidation range in,this period,more investment forR&D increased,Financial,-33,250,531.86,-11,227,370.55,-196.16%Interest income from raised,4,Hefei Meiling Co.,Ltd.expenses,The Third Quarterly Report for 2011(Full Text)capital increased and cashdiscount by

27、suppliers increasedOverdue account receivables,Losses ofdevaluation ofasset,9,529,505.74,19,464,223.91,-51.04%,were recover in this period anddisposal of inventories results ina optimization age structure ofaccount receivable and inventory,structuresFinancial assets available for,Investment,saleiFLY

28、 TEK was sold at,income(Lossis listed with,2,257,469.01,140,917,222.76,-98.40%,same period of last year forinvestment income obtained,no,“-”)Operating,such income obtained in thisperiodProduct costs and expensessoaring for higher price ofmaterials and staffs that resultfrom inflation and appreciatio

29、nof RMB;refrigerator,mainproducts of the Company,counter a gliding in price and,profit(Lossis listed with,15,200,968.14,225,737,021.37,-93.27%,volumes compare to same periodof last year for intensify market,“-”),competition;meanwhile,financial assets available forsaleiFLY TEK was sold atsame period

30、of last year forinvestment income obtained,nosuch income obtained in thisperiod,Non-operatingexpenseDisposal lossof non-currentassetTotal Profit(Loss is listedwith“-”)Income taxexpenseNet profit(Netloss is listedwith“-”),3,242,460.352,294,798.27133,534,784.4013,195,542.44120,339,241.96,718,315.80525

31、,192.34353,020,779.2254,701,199.12298,319,580.10,351.40%336.94%-62.17%-75.88%-59.66%,Retirement of fixed assetsincreased in this periodSame reason as“non-operatingexpenses”Same reason as“operatingprofit”Income tax payable decreasedSame reason as“operatingprofit”,Net profit,attributable toowners ofpa

32、rent,131,016,975.36,297,760,905.90,-56.00%,Same reason as“operatingprofit”,company,Minorityshareholders,-10,677,733.40,558,674.20,-2011.26%,Part of the secondarysubsidiaries and marketing,5,Hefei Meiling Co.,Ltd.gains andlosses,The Third Quarterly Report for 2011(Full Text)joint-ventures,newlyestabl

33、ished,came into deficit atearly period of establishment,Basic earningsper shareDilutedearnings pershare,0.210.21,0.720.72,-70.83%-70.83%,Total share capital increased andprofit reducedSame reason as“Basic earningsper share”,Financial assets available for,Other,sale,price at fair value,was,consolidat

34、edincome,-106,074.87,-107,555,556.24,99.90%disposed at same period of lastyear,no such income occurred in,this year,Totalconsolidatedincome,120,233,167.09,190,764,023.86,-36.97%,Same reason as“operatingprofit”,Totalconsolidated,incomeattributable toowners of,130,910,900.49,190,205,349.66,-31.17%,Sam

35、e reason as“operatingprofit”,parentcompany,Totalconsolidatedincomeattributable tominorityshareholders,-10,677,733.40,558,674.20,Part of the secondarysubsidiaries and marketing-2011.26%joint-ventures,newlyestablished,came into deficit atearly period of establishment,3.1.3 Changes and explanation for

36、items in cash flow statementIn RMB Yuan,Items,Amount in thisperiod,Amount at sameperiod of last year,Changes%,Reasons,Export tax refund obtained by,Write-backof taxreceived,56,902,243.75,12,350,382.54,360.73%,parent company andZhongshan ChanghongAir-conditioner Appliance Co.,Ltd.(“Zhongshan,Changhon

37、g”)Other cash,received,Energy-saving and citizen,concerning,160,715,258.22,82,448,095.83,94.93%,favorable grants were obtained,operatingactivitiesCash paid,by Changhong Air-conditionerDiscount for cash payment in,for,3,268,082,361.83,1,797,490,929.02,81.81%,purchasing and on due notes,purchasing,pay

38、ment increased,6,-,Hefei Meiling Co.,Lmoditie,The Third Quarterly Report for 2011(Full Text),s,and,receivinglaborservice,Cash paidto/for staffandworkers,401,947,468.96,256,125,936.85,Soaring salary for employees;56.93%year-end bonus and everyrewards of 2010 were paid,Taxes paidCashreceivedfromrecove

39、ringinvestmentCashreceivedfrominvestmentincomeNet cashreceivedfromdisposal offixed,intangibleand otherlong-termassets,341,699,457.591,000,000.003,921,480.5481,152,480.73,254,815,080.507,356,806.06142,186,905.7190,951.53,34.10%-86.41%-97.24%89126.08%,Income taxes of 2009 and2010 were settle and paidF

40、inancial 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 removingcompensation were obtainedfrom disposal of intangibleassets(land use ri

41、ght)ofZhongshan Changhong,subsidiary of the Company,and Jiangxi Meiling CoolingCo.,Ltd,Other cash,receivedconcerninginvesting,22,785,825.94,10,065,835.63,126.37%,Interest income and margin forprojects increased,activities,Cash paidforpurchasingfixed,intangibleand otherlong-termassets,164,884,385.79,

42、53,273,584.72,209.50%,Purchasing of the productionline equipment andinvestment for foundationconstruction of AthenaLuxury refrigerator;foundation construction ofcapacity expansion forfreezers and purchasing ofmatch projects,Investment amount that paid,Cash paid,last year was not consolidated,forinve

43、stment,-21,753,532.00,-for off-set due to failureregistration in Industrial&Commercial Bureau from part7,a,-,-,Hefei Meiling Co.,Ltd.,The Third Quarterly Report for 2011(Full Text)of marketing subsidiaries;Theabovementioned subsidiaries,completed,registration,procedures in this period,investment amo

44、unt was listedwith minors in consolidationstatementPart of the equity of Caohu,Marketingsecondary,Company,marketing,Net,cash,joint-venture,was transferred,received,by the Company in this period.,fromsubsidiaries,978,687.97,271,597,181.63,-99.64%,100%equity amount ofMeiling Group,transfer by the,and

45、otherunits,Company at same period oflast year,and balance of,air-conditioner,business,purchased by the Company,were paid,CashreceivedfromabsorbinginvestmentCash,35,926,000.00,Secondary marketingjoint-venture,established inthis period,absorb investmentfrom minority shareholders,received,152,961,241.6

46、3,328,860,000.00,-53.49%Loans decreased in this period,from loansCash paid,fordividendand profitdistributingor interest,34,916,771.52,8,690,844.35,301.77%,Cash dividend for ProfitDistribution Plan 2010 waspaid and interest of bank loansincreased,payingInfluenceon cash due,tofluctuation,4,764,243.63,

47、-116,915.00,4174.96%,Appreciation of RMB in thisperiod,in exchangerate3.2 Progress of significant events,their influences,and analysis and explanation of theirsolutions3.2.1 Qualified opinion,Applicable,Inapplicable,3.2.2 Particular about fund offers to controlling shareholders or associated parties

48、 andexternal guarantee that against the regulation.,Applicable,Inapplicable,8,Hefei Meiling Co.,Ltd.,The Third Quarterly Report for 2011(Full Text),3.2.3 Particular about signing and implementation on significant contracts of ordinarymanagement.,Applicable,Inapplicable,1.Jiangxi Meiling Cooling Co.,

49、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 the assetsstructur

50、e 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 theBoard on January 20,2011