ST南江B：报告（英文版） .ppt

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1、,Chengde Nanjiang Co.,Ltd.Annual Report for 2012-Full Text,承德南江股份有限公司,CHENGDE NANJIANG CO，LTD.,ANNUAL REPORT 2012,February 2013,1,Chengde Nanjiang Co.,Ltd.Annual Report for 2012-Full Text,Section I.Important Notice,Contents and Paraphrase,Board of Directors,Supervisory Committee,all directors,superv

2、isors and seniorexecutives of Chengde Nanjiang Co.,Ltd.(hereinafter referred to as the Company)hereby confirm that there are no any fictitious statements,misleading statements,orimportant omissions carried in this report,and shall take all responsibilities,individual and/or joint,for the reality,acc

3、uracy and completion of the whole contents.,Li Weimin,Principal of the Company,Zhao Yongshen,person in charger ofaccounting works and Liu Fengguo,person in charge of accounting organ(accounting principal)hereby confirm that the Financial Report of 2012 AnnualReport is authentic,accurate and complete

4、.,All directors are attended the Board Meeting for report deliberation.,The Company has no plan of cash dividends carried out,bonus issued andcapitalizing of common reserves either.,Concerning the forward-looking statements with future planning involved in theReport,they do not constitute a substant

5、ial commitment for investors.Investorsshould be cautious with investment risks.,Note:The report is prepared in bilingual versions of Chinese and English respectively,in the event of any discrepancy in understanding the two aforementioned versions,the Chinese version shall prevail.,2,Chengde Nanjiang

6、 Co.,Ltd.Annual Report for 2012-Full Text,Contents,Annual Report 2012.1,Section I Important Notice,Contents and Paraphrase.2,Section II Company Profile.5,Section III Accounting data and summary of finnaical indexes.7,Section IV Report of the Board of Directors.10,Section V Important Events.24,Sectio

7、n VI Changes in shares and particular about shareholders.29,Section VII Particulars about Directors,Supervisors,Senior Executives and Employees.33,Section VIII Company Governance.41,Section IX Internal Control.46,Section X Financial Report.48,Section XI Docume nts available for reference.133,3,Cheng

8、de Nanjiang Co.,Ltd.Annual Report for 2012-Full TextParaphrase,Items,Refers to,Contents,CSRC,SRCSZ Stock Exchange,Exchange,Refers to China Securities Regulatory CommissionRefers to Shenzhen Stock Exchange,Company,The Company or Chengde Nanjiang Refers to Chengde Nanjiang Co.,Ltd.,Nanjiang Investment

9、RongYiDaNanjiang Ecological AgricultureCompany LawSecurities LawRules Governing the Listing of Securities,Refers to Chengde Nanjiang Investment Co.,Ltd.Refers to Chengde RongYiDa Real Estate Development Co.,Ltd.Refers to Chengde Nanjiang Ecological A griculture Co.,Ltd.Refers to Company Law of the P

10、eoples Republic of ChinaRefers to Securities Law of the Peoples Republic of ChinaRefers to Rules Governing the Listing of Securities on Shenzhen Stock Exchange,Article of Association,Refers to,The Article of Association approved after deliberation on 4thextraordinary shareholders general meeting of

11、2012 in August 2012,Yuan,10 thousand YuanRunhua RW,Tianjin Runhua RW,Refers to RM B,RMB 10 thousandRefers to Runhua Rural Water(Tianjin)International Trade Co.,Ltd.,M aterial Assets Restructuring,theRestructuring,Refers to,The Company acquires 30 percent equity of the Runhua Rural Water(Tianjin)Inte

12、rnational Trade Co.,Ltd.in cash,4,Chengde Nanjiang Co.,Ltd.Annual Report for 2012-Full TextSection II Company profileI.Company information,Short form of the stockStock exchange for listingName of the Company(in,ST Nanjiang-BShenzhen Stock Exchange承德南江股份有限公司,Stock code,200160,Chinese),Short form of t

13、he Company(in Chinese)Foreign name of theCompany(if applicable)Short form of foreign name ofthe Company(if applicable)Legal representativeRegistrations add.Code for registrations addOffices add.Codes for office add.,ST 南江 BCHENGDE NANJIANG CO.,LTDNANJIANG-BLi WeiminXiaBanCheng Town,Chengde County,He

14、bei Province,P.R.C067400XiaBanCheng Town,Chengde County,Hebei Province,P.R.C067400,II.Person/Way to contact,Secretary of the Board,Rep.of security affairs,NameContact add.Tel.Fax.,Zhao Yongsheng(act on behalf ofSecretary of the Board)XiaBanCheng Town,Chengde County,Hebei Province0314-31150480314-311

15、1475,III.Information disclosure and pre paration place,Newspaper appointed for information disclosureWebsite for annual report publish appointed byCSRCPreparation place for annual report,In China:Securities Times;overseas:Hong Kong Commercial DailyJuchao website:http:/Security department of the Comp

16、any,5,Chengde Nanjiang Co.,Ltd.Annual Report for 2012-Full TextIV.Registration changes of the Company,Date for registration Place for registration,Registration NO.forenterprise legallicense,No.of taxationregistration,Organization code,Hebei,Initial registration,1999-11-03,Administration forIndustry&

17、,1300001001372 1/1 130821106576876,106576876,CommerceChengde,Registration at end,Administration for,of report period,2011-08-23,Industry&,130000400001225,130821106576876,106576876,Commerce,Changes of main business since listing(ifapplicable)Previous changes for controllingshareholders(if applicable)

18、,No changesOn 6 April 2012,the former controlling shareholder and actual controller M r.ChenRong entered into the Equity Transfer Agreement with M r.Wang Dong in Shanghai.M r.Chen Rong transfers all of the equity held by hand,29.49%equity of theCompany,to M r.Wang Dong.M r.Wang Dong is the controlli

19、ng shareholder and actual,controller of the Company after transfer.V.Other relevant informationCPA engaged by the Company,Name of CPAOffices add.for CPASigning Accountants,Dahua Certified Public Accountants(Limited Liability Partnership)No.689,Tianhe Road(N),GuangzhouFan Rong,Han Junmin,Sponsor enga

20、ged by the Company for performing continuous supervision duties in reporting period,Applicable,Not applicable,Financial consultant engaged by the Company for performing continuous supervision duties in reporting period,Applicable,Not applicable,6,Chengde Nanjiang Co.,Ltd.Annual Report for 2012-Full

21、TextSection III.Accounting data and summary of financial indexesI.Main accounting data and financial indexesWhether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accountingerror correction or not,Yes,No,Changes over,2012,2011,last year(%)

22、,2010,Pre-adjustment Post-adjustment Post-adjustment Pre-adjustment Post-adjustment,Operating income(RM B),79,512,004.22,515,150.00,515,150.00,15,334.7286%,516,778.00,516,778.00,Net profit attributable to,shareholders of the listed,32,894,368.82,3,643,202.46,1,818,785.62,1,708.5897%,1,704,928.05,1,7

23、04,928.05,company(RMB)Net profit attributable toshareholders of the listed,company after deducting,-1,721,230.31-14,020,621.88,-15,395,047.49,88.8196%-23,152,790.38,-23,152,790.37,non-recurring gains andlosses(RMB),Net cash flow arising fromoperating activities(RMB),-4,386,658.32,-532,391.56,-5,491,

24、422.69,-20.118%-32,273,821.01,-32,273,821.01,Basic earnings per share(RM B/Share),0.05,0.0052,0.003,1,566.6667%,0.002,0.002,Diluted earnings per share,(RM B/Share)Return on Equity(%),0.0536.01%,0.00520%,0.0030%,1,566.6667%0%,0.0020%,0.0020%,Changes over,End of 2012,End of 2011,end of last year(%),En

25、d of 2010,Pre-adjustment Post-adjustment Post-adjustment Pre-adjustment Post-adjustment,Total assets(RMB),193,617,124.65 219,022,670.81,209,909,350.33,-7.7616%199,976,147.64 199,976,147.64,Net assets attributable toshareholder of listed company,(Owners equity attributable to 114,894,671.61-23,882,03

26、8.57,74,895,938.70,53.4057%-27,525,241.03,-27,525,241.03,shareholder of listed company)(RM B)7,Chengde Nanjiang Co.,Ltd.Annual Report for 2012-Full TextII.Difference of the accounting data under accounting rules in and out of China1.Difference of the net profit and net assets disclosed in financial

27、report,under both IAS(InternationalAccounting Standards)and Chinese GAAP(Generally Accepted Accounting Principles)Unit:RM B,Net profit attributable to shareholders of listedcompany,Net assets attributable to shareholders of listedcompanyAmount at,Amount in this period,Amount in last period,Amount at

28、 period-end,period-begin,Chinese GAAP,32,894,368.82,1,818,785.62,114,894,671.61,74,895,938.70,Items and amount adjusted by IAS2.Difference of the net profit and net assets disclosed in financial report,under both foreign accounti ngrules and Chinese GAAP(Generally Accepted Accounting Principles)Unit

29、:RM B,Net profit attributable to shareholders of listedcompany,Net assets attributable to shareholders of listedcompany,Amount in this period,Amount in last period,Amount at period-end,Amount at,period-begin,Chinese GAAP,32,894,368.82,1,818,785.62,114,894,671.61,74,895,938.70,Items and amount adjust

30、ed by foreign accounting rules3.Reasons for the differences of accounting data under accounting rules in and out of ChinaIII.Ite ms and amounts of extraordinary profit(gains)/lossUnit:RM B,Item,Amount in 2012,Amount in 2011,Amount in 2010,Note,Gains/losses,from,the,disposal,of,non-current asset(incl

31、uding the write-offthat accrued for impairment of assets)Governmental subsidy reckoned into currentgains/losses(not including the subsidyenjoyed in quota or ration according to,49,163,850.01,17,900,000.00,10,644,730.0019,125,000.00,national,standards,which,are,closely,relevant to enterprises busines

32、s)Other non-operating income and expenditure,except for the aforementioned items,-3,009,717.84,280,915.03,8,-,Chengde Nanjiang Co.,Ltd.Annual Report for 2012-Full Text,Impact on income tax,11,538,533.04,-228,722.30,411,676.61,Impact on minority shareholders equity,(post-tax),914,889.19,4,781,250.00,

33、Total,34,615,599.13,17,213,833.11,24,857,718.42,Concerning the extraordinary profit(gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for CompaniesOffering Their Securities to the Public-Extraordinary Profit/loss,and the items defined as recurring profit(gain)/loss according toth

34、e lists of extraordinary profit(gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering TheirSecurities to the Public-Extraordinary Profit/loss,explain reasons Applicable Not applicable9,Chengde Nanjiang Co.,Ltd.Annual Report for 2012-Full TextSection IV.Report of the Bo

35、ard of DirectorsI.IntroductionYear of 2012 is a fundamental turning-point year.In reporting period,standing in front of complicated operation environment,Boardof Directors and executives of the Company are concentrated on the perfection of governance structure,boosted normalizedoperation and positiv

36、ely coordinated various parties;solving historical left problems and seeking a development chance to resolvede-listing risks;after one year of hard work the operation status and financial structures gains a significant improvement.Looking back to 2012,main works of the Company are as:1.Historical le

37、ft problems solved.The Company has many historical left problems after bankruptcy reorganization which restrictsthe development of the Company.Development environment gains fundamental changes for further operation along with thereconciliation of two major lawsuits and bankruptcy of related subsidia

38、ries2.Proactively boosting and developing main business.The Company reorganized material assets in reporting period,beingcontrolling Tianjin Runhua RW,the Company engaged in distribution field of bulk stocks,a field that will bringing continuousoperating income and cash flow to the Company.The Compa

39、ny established Chengde Nanjiang Investment Co.,Ltd;as a foreigninvestment platform for the Company,we plans to engaged in the new resources sales of self-made products,development and sales of real estate,accommodation and caterin g.Ended as 31 December 2012,the Company realized business income of R

40、M B 79,512,004.22,RM B 32,894,368.82 net profitattributable to owners of parent company,an 802.9%up y-o-y,net assets achieved RM B 114,894,671.61.Sheet of main business analysis:,Item,2012,2011,Changes(+,-),Note,Sales of real estate realized carry,Operating revenue,79,512,004.22,515,150.00,15334.73%

41、,forward income,the operating revenue,gains a major increase10,0,1,2,3,4,5,Chengde Nanjiang Co.,Ltd.Annual Report for 2012-Full Text,CostAdministrationexpensesFinancial expenses,58,424,002.6315,939,028.092,390,155.66,-12,729,701.923,487,822.06,-25.21%-31.47%,Interest cost paid decrease in this,perio

42、dNet cash flow arising,from,operation,-4,386,658.32,-5,491,422.69,-20.12%,activitiesReasons for difference of actual operation performance has 20%lower or higher than profit forecast of the Year disclosed Applicable Not applicable2.RevenueWhether income from physical sales larger than income from la

43、bors or not Yes No,IndustriesReal estate,ItemSales volume,2012,25,691,2011,Increase/decrease y-o-y(%)100%,Reasons for y-o-y relevant data with over 30%changes Applicable Not applicableM aterial orders in hands Applicable Not applicableM aterial changes or adjustment for products or services of the C

44、ompany in reporting period Applicable Not applicableM ajor sales of the Company,Total top five clients in sales(RM B)Proportion in total annual sales volume for top five clients(%)Information of top five clients of the CompanyApplicable Not applicable,2,961,543.003.76%,SerialTotal,NameZhang JinsongL

45、i HuiYang Chunlong,Liu XiulingGao YujunZhao Guoli,Zhang Caiyun,Sales(RM B)1,021,600.00493,391.00482,210.00482,171.00482,171.002,961,543.00,Proportion in total annual sales(%)1.3%0.63%0.61%0.61%0.61%3.76%,11,0.00,Chengde Nanjiang Co.,Ltd.Annual Report for 2012-Full Text3.CostIndustry classificationUn

46、it:RM B,2012,2011,Industryclassification,Item,Amount,Ratio in operationcost(%),Amount,Ratio in operationcost(%),Y-o-y changes(%),Real estateOther businessTotal,58,327,874.5496,128.0958,424,002.63,99.84%0.16%100%,Product classificationUnit:RM B,2012,2011,Productclassification,Item,Amount,Ratio in ope

47、rationcost(%),Amount,Ratio in operationcost(%),Y-o-y changes(%),Development,productsQianYuan CommunityOtherTotal,58,327,874.5496,128.0958,424,002.63,99.84%0.16%100%,NoteNilM ain suppliers of the CompanyTotal purchase amount from top five suppliers(RM B)Proportion in total annual purchase amount for

48、top five,suppliers(%),0%,Information of top five suppliers of the CompanyApplicable Not applicable4.ExpensesFinancial expense for year of 2012 shows RM B 1,097,666.40 less than that of 2011 for 31%down,mainly because the interest paidin this period decreased.5.Cash flowUnit:RM B,Item,2012,2011,Y-o-y

49、 changes(%),12,Chengde Nanjiang Co.,Ltd.Annual Report for 2012-Full Text,Subtotal of cash in-flow fromoperation activity,123,163,614.04,58,792,001.84,109.490424%,Subtotal of cash out-flow from,operation activityNet cash flow from operationactivity,127,550,272.36-4,386,658.32,64,283,424.53-5,491,422.

50、69,98.418602%-20.117999%,Subtotal of cash in-flow from,investment activity,101,678,178.10,Subtotal of cash out-flow from,10,813,769.26,740,848.41,1,359.646685%,investment activity,Net cash flow from investmentactivity,90,864,408.84,-740,848.41,12,364.912445%,Subtotal of cash in-flow from,financing a