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1、承德大路股份有限公司 2012 年半年度财务报告Chengde Dalu Company LimitedSemi-Annual of 2012Financial Report (Un-audited)(I) Auditing ReportWhether the report has been audited or not Yes No Non applicable(II) Financial StatementWhether consolidated statement or not: Yes No Non applicableUnless otherwise, currency for th
2、is statement refers to RMB (Yuan)Currency used in note of financial statement is RMB (Yuan)1. Consolidated Balance SheetPrepared by Chengde Dalu Co., LtdUnit: RMBItemsNoteBalance at period-endBalance at period-beginCurrent assets:Monetary fundsSettlement provisionsCapital lentTransaction finance ass
3、etNotes receivableAccounts receivableAccounts paid in advanceInsurance receivableReinsurance receivablesContract reserve ofreinsurance receivableInterest receivableDividend receivableOther receivablesPurchase restitutedfinance assetInventoriesNon-current asset duewithin one yearOther current assetsT
4、otal current assets1,571,028.200.000.000.000.000.0020,488,196.250.000.000.000.000.0034,940,783.670.0056,505,152.590.001,093,527.39114,598,688.105,517,692.290.000.000.000.000.0021,059,096.250.000.000.000.000.0033,632,142.250.0039,698,800.270.001,093,527.39101,001,258.451承德大路股份有限公司 2012 年半年度财务报告Non-cu
5、rrent assets:Granted loans andadvancesFinance asset availablefor salesHeld-to-maturityinvestmentLong-term accountreceivableLong-term equityinvestmentInvestment real estateFixed assetsConstruction in progressEngineering materialDisposal of fixed assetProductive biologicalassetOil and gas assetIntangi
6、ble assetsExpense on Research andDevelopmentGoodwillLong-term expenses to beapportionedDeferred income tax assetOther non-current assetTotal non-current assetTotal assetsCurrent liabilities:Short-term loansLoan from central bankAbsorbing deposit andinterbank depositCapital borrowedTransaction financ
7、ial0.000.000.000.002,215,729.650.0050,038,133.416,721,818.000.000.000.0023,891,528.510.000.00320,976.000.0025,132,938.95108,321,124.52222,919,812.62422,261.910.000.000.000.000.000.000.000.002,215,729.650.0060,092,006.516,721,818.000.000.000.0024,202,279.250.000.00356,640.000.0024,432,938.95118,021,4
8、12.36219,022,670.81422,261.910.000.000.000.002承德大路股份有限公司 2012 年半年度财务报告liabilitiesNotes payableAccounts payableAccounts received inadvanceSelling financial asset ofrepurchaseCommission charge andcommission payableWage payableTaxes payableInterest payableDividend payableOther accounts payableReinsuran
9、ce payablesInsurance contract reserveSecurity trading of agencySecurity sales of agencyNon-current liabilities duewithin 1 yearOther current liabilitiesTotal current liabilitiesNon-current liabilities:Long-term loansBonds payableLong-term accountpayableSpecial accounts payableProjected liabilitiesDe
10、ferred income taxliabilitiesOther non-currentliabilitiesTotal non-current liabilitiesTotal liabilities0.001,225,343.2254,821,272.500.000.006,176,635.6668,963,013.990.000.00113,498,698.640.000.000.000.000.000.00245,107,225.926,801,600.000.000.0010,598,000.030.000.000.0017,399,600.03262,506,825.950.00
11、231,175.8230,028,613.020.000.006,707,882.2069,588,226.390.000.00116,572,501.130.000.000.000.000.000.00223,550,660.476,801,600.000.000.0010,598,000.030.000.000.0017,399,600.03240,950,260.50Owners equity (or3承德大路股份有限公司 2012 年半年度财务报告shareholders equity):Paid-up capital (or sharecapital)Capital public r
12、eserveLess: Inventory sharesReasonable reserveSurplus public reserveProvision of general riskRetained profitBalance difference offoreign currency translationTotal owners equityattributable to parent companyMinority interestsTotal owners equity(orshareholders equity)Total liabilities and ownersequity
13、(or shareholders equity)706,320,000.00450,765,443.100.000.0076,791,550.170.00-1,273,464,013.340.00-39,587,020.076.74-39,587,013.33222,919,812.62706,320,000.00450,765,443.100.000.0076,791,550.170.00-1,257,759,031.840.00-23,882,038.571,954,448.88-21,927,589.69219,022,670.81Legal representative: Lin Li
14、xinPerson in charge of accounting works: Zhao YongshengPerson in charge of accounting institution: Liu Fengguo2. Balance Sheet of parent companyUnit: RMBItemsNoteBalance at period-endBalance at period-beginCurrent assets:Monetary fundsTransaction finance assetNotes receivableAccounts receivableAccou
15、nts paid in advanceInterest receivableDividend receivableOther receivablesInventoriesNon-current asset duewithin one yearOther current assets4,019.800.000.000.0020,084,632.250.000.00564,846.740.000.000.004,019.800.000.000.0020,084,632.250.000.00350,389.520.000.000.004承德大路股份有限公司 2012 年半年度财务报告Total cu
16、rrent assetsNon-current assets:Finance asset available forsalesHeld-to-maturityinvestmentLong-term accountreceivableLong-term equityinvestmentInvestment real estateFixed assetsConstruction in progressEngineering materialDisposal of fixed asset20,653,498.790.000.000.0058,925,880.260.000.000.000.000.0
17、020,439,041.570.000.000.0058,925,880.260.000.000.000.000.00assetProductive biological0.000.00Oil and gas assetIntangible assetsExpense on Research andDevelopmentGoodwillLong-term expenses to beapportionedDeferred income tax assetOther non-current assetTotal non-current assetTotal assetsCurrent liabi
18、lities:Short-term loansTransaction financialliabilitiesNotes payableAccounts payableAccounts received inadvance0.000.000.000.000.000.000.0058,925,880.2679,579,379.05422,261.910.000.00218,802.270.000.000.000.000.000.000.000.0058,925,880.2679,364,921.83422,261.910.000.00218,802.270.005承德大路股份有限公司 2012
19、年半年度财务报告Wage payableTaxes payableInterest payableDividend payableOther accounts payableNon-current liabilities duewithin 1 yearOther current liabilitiesTotal current liabilitiesNon-current liabilities:Long-term loansBonds payableLong-term accountpayableSpecial accounts payableProjected liabilitiesDe
20、ferred income taxliabilitiesOther non-currentliabilitiesTotal non-current liabilitiesTotal liabilitiesOwners equity (orshareholders equity):Paid-up capital (or sharecapital)Capital public reserveLess: Inventory sharesReasonable reserveSurplus public reserveRetained profitBalance difference offoreign
21、 currency translationTotal owners equity(orshareholders equity)Total liabilities and owners38,587.58-44,092.730.000.00103,332,356.540.000.00103,967,915.570.000.000.0098,000.030.000.000.0098,000.03104,065,915.60706,320,000.00449,365,886.690.000.0076,791,550.17-1,256,963,973.410.00-24,486,536.5579,579
22、,379.05489,639.20169,855.540.000.00101,813,353.280.000.00103,113,912.200.000.000.0098,000.030.000.000.0098,000.03103,211,912.23706,320,000.00449,365,886.690.000.0076,791,550.17-1,256,324,427.260.00-23,846,990.4079,364,921.836承德大路股份有限公司 2012 年半年度财务报告equity(or shareholders equity)3. Consolidated Profi
23、t StatementUnit: RMBItemsI. Total operating incomeNoteAmount in this period481,640.00Amount in last period21,250.00Including: OperatingincomeInterest incomeInsurance gainedCommission chargeand commission incomeII. Total operating costIncluding: Operating costInterest expenseCommissioncharge and comm
24、issionexpenseCash surrendervalueNet amount ofexpense of compensationNet amount ofwithdrawal of insurancecontract reserveBonus expense ofguarantee slipReinsuranceexpense8,193,084.590.005,275,262.570.00extrasOperating tax and49,187.2010,295.16Sales expensesexpensesAdministration6,493,740.825,260,118.4
25、2Financial expensesLosses ofdevaluation of assetAdd: Changing income offair value(Loss is listed with1,650,156.570.000.004,848.990.000.007承德大路股份有限公司 2012 年半年度财务报告“-”)Investmentincome (Loss is listed with “-”)Including:Investment income onaffiliated company and jointventureExchange income(Loss is lis
26、ted with “-”)III. Operating profit (Loss islisted with “-”)Add: Non-operatingincomeLess: Non-operatingexpenseIncluding:Disposal loss of non-currentassetIV. Total Profit (Loss is listedwith “-”)Less: Income tax expenseV. Net profit (Net loss is listedwith “-”)Including: net profitrealized before cons
27、olidationby mergered partyNet profit attributable toowners of parent companyMinority shareholdersgains and lossesVI. Earnings per sharei. Basic earnings per shareii. Diluted earnings pershareVII. Other consolidatedincomeVIII. Total comprehensiveincomeTotal consolidated income-0.000.00-7,711,444.590.
28、009,919,013.808,762,601.63-17,630,458.3928,965.25-17,659,423.640.00-15,704,981.50-1,954,442.14-0.022-0.0220.00-17,659,423.64-15,704,981.50-0.000.00-5,254,012.571,021,011.00152,271.510.00-4,385,273.083,500.64-4,388,773.720.00-4,069,051.79-319,721.93-0.006-0.0060.00-4,388,773.72-4,069,051.798承德大路股份有限公
29、司 2012 年半年度财务报告attributable to owners of parentcompanyTotal consolidated incomeattributable to minority-1,954,442.14-319,721.93shareholdersThe merger realized net profit RMB 0.00 before consolidation during enterprises consolidationunder a same control.Legal representative: Lin LixinPerson in charge
30、 of accounting works: Zhao YongshengPerson in charge of accounting institution: Liu Fengguo4. Profit Statement of parent companyUnit: RMBItemsNoteAmount in this periodAmount in last periodI. Operating incomeLess: operating costOperating tax and extrasSales expensesAdministration expensesFinancial ex
31、pensesLosses of devaluation ofassetAdd: Changing income offair value(Loss is listed with“-”)Investment income (Loss islisted with “-”)Including: Investmentincome on affiliated companyand joint ventureII. Operating profit (Loss islisted with “-”)Add: Non-operating incomeLess: Non-operating expenseInc
32、luding: Disposal loss ofnon-current assetIII. Total Profit (Loss is listedwith “-”)Less: Income tax expenseIV. Net profit (Net loss is listedwith “-”)0.00639,530.6515.500.000.000.000.00-639,546.150.000.00-639,546.15-639,546.150.00171,257.4215.500.000.000.000.00-171,272.920.002,271.51-173,544.43-173,
33、544.439承德大路股份有限公司 2012 年半年度财务报告V. Earnings per sharei. Basic earnings per shareii. Diluted earnings pershareVI. Other consolidated incomeVII. Total comprehensiveincome-0.0009-0.00090.00-639,546.15-0.0002-0.00020.00-173,544.435. Consolidated Cash Flow StatementUnit: RMBItemsI. Cash flows arising from
34、operating activities:Cash received from sellingcommodities and providing laborservicesNet increase of customerdeposit and interbank depositNet increase of loan fromcentral bankNet increase of capitalborrowed from other financialinstitutionCash received from originalinsurance contract feeNet cash rec
35、eived fromreinsurance businessNet increase of insuredsavings and investmentNet increase of disposal oftransaction financial assetCash received from interest,commission charge andcommissionNet increase of capitalborrowedNet increase of returnedbusiness capitalWrite-back of tax receivedOther cash rece
36、ivedAmount in this period25,081,497.082,131,881.19Amount in last period2,292,951.2410承德大路股份有限公司 2012 年半年度财务报告concerning operating activitiesSubtotal of cash inflow arisingfrom operating activitiesCash paid for purchasingcommodities and receiving laborserviceNet increase of customerloans and advances
37、Net increase of deposits incentral bank and interbankCash paid for originalinsurance contract compensationCash paid for interest,commission charge andcommissionCash paid for bonus ofguarantee slipCash paid to/for staff andworkersTaxes paidOther cash paid concerningoperating activitiesSubtotal of cas
38、h outflow arisingfrom operating activitiesNet cash flows arising fromoperating activitiesII. Cash flows arising frominvesting activities:Cash received fromrecovering investmentCash received from investmentincomeNet cash received fromdisposal of fixed, intangible andother long-term assetsNet cash rec
39、eived fromdisposal of subsidiaries and other27,213,378.2714,998,621.221,270,834.363,245,986.755,337,549.7324,852,992.062,360,386.210.002,292,951.241,751,364.70280,550.003,465,899.3017,442,211.9322,940,025.93-20,647,074.69967,298.000.00units11承德大路股份有限公司 2012 年半年度财务报告Other cash received concerninginve
40、sting activitiesSubtotal of cash inflow frominvesting activitiesCash paid for purchasingfixed, intangible and otherlong-term assetsCash paid for investmentNet increase of mortgagedloansNet cash received fromsubsidiaries and other unitsOther cash paid concerninginvesting activitiesSubtotal of cash ou
41、tflow frominvesting activitiesNet cash flows arising frominvesting activitiesIII. Cash flows arising fromfinancing activitiesCash received from absorbinginvestmentIncluding: Cash receivedfrom absorbing minorityshareholders investment bysubsidiariesCash received from loansCash received from issuingbo
42、ndsOther cash receivedconcerning financing activitiesSubtotal of cash inflow fromfinancing activitiesCash paid for settling debtsCash paid for dividend andprofit distributing or interest0.000.00102,569.500.00700,000.00802,569.50-802,569.500.000.002,414,480.800.00967,298.000.000.000.00967,298.0013,00
43、0,000.000.0013,000,000.002,283,616.44payingIncluding: Dividend and profitof minority shareholder paid by12Item承德大路股份有限公司 2012 年半年度财务报告subsidiariesOther cash paid concerningfinancing activitiesSubtotal of cash outflow fromfinancing activitiesNet cash flows arising fromfinancing activitiesIV. Influenc
44、e on cash and cashequivalents due to fluctuation inexchange rateV. Net increase of cash and cashequivalentsAdd: Balance of cash andcash equivalents at the period-beginVI. Balance of cash and cashequivalents at the period -end3,090,000.005,504,480.80-5,504,480.80-3,946,664.095,517,692.291,571,028.200
45、.002,283,616.4410,716,383.56-8,963,393.139,723,008.25759,615.126. Cash Flow Statement of parent companyUnit: RMBI. Cash flows arising from operating activities:Cash received from selling commodities andproviding labor servicesWrite-back of tax receivedAmount in this periodAmount in last periodOther
46、cash received concerning operatingactivitiesSubtotal of cash inflow arising from operatingactivitiesCash paid for purchasing commodities andreceiving labor serviceCash paid to/for staff and workersTaxes paidOther cash paid concerning operatingactivitiesSubtotal of cash outflow arising from operating
47、activitiesNet cash flows arising from operating activities283,269.76283,269.7617,900.0050.00265,319.76283,269.760.00337,509.50337,509.5093,600.00247,722.30341,322.30-3,812.80II. Cash flows arising from investing activities:13承德大路股份有限公司 2012 年半年度财务报告Cash received from recovering investmentCash receiv
48、ed from investment incomeNet cash received from disposal of fixed,intangible and other long-term assetsNet cash received from disposal ofsubsidiaries and other unitsOther cash received concerning investingactivitiesSubtotal of cash inflow from investing activitiesCash paid for purchasing fixed, inta
49、ngibleand other long-term assetsCash paid for investmentNet cash received from subsidiaries and otherunitsOther cash paid concerning investingactivitiesSubtotal of cash outflow from investingactivitiesNet cash flows arising from investing activitiesIII. Cash flows arising from financing activitiesCa
50、sh received from absorbing investmentCash received from loansCash received from issuing bondsOther cash received concerning financingactivitiesSubtotal of cash inflow from financing activitiesCash paid for settling debtsCash paid for dividend and profitdistributing or interest payingOther cash paid
51、concerning financingactivitiesSubtotal of cash outflow from financingactivitiesNet cash flows arising from financing activitiesIV. Influence on cash and cash equivalents dueto fluctuation in exchange rateV. Net increase of cash and cash equivalents0.000.000.000.000.000.000.000.000.000.000.000.000.00
52、0.000.000.000.000.000.000.000.00-3,812.8014承德大路股份有限公司 2012 年半年度财务报告Add: Balance of cash and cash equivalents atthe period -beginVI. Balance of cash and cash equivalents at theperiod -end4,019.804,019.8037,197.7033,384.907. Consolidated Statement on Changes of Owners EquityAmount in this periodAmount
53、 in this periodOwners equity attributable to the parent companyItemsPaid-upcapital Capital(Share reservescapital)Less: ReasonaTreasur bley Stock reserveGeneralSurplus risk Retainereserves provisio d profitnOthersMinoritysequityTotalownersequityI. Balance at the end of lastyear706,320 450,765,000.00
54、443.1076,791,550.17-1,257,759,031.841,954,448 -21,927,58.88 9.69Add: Changes of accountingpolicyError correction ofthe last periodOthersII. Balance at the beginning ofthis year706,320 450,765,000.00 443.1076,791,550.17-1,257,759,031.841,954,448 -21,927,58.88 9.69III. Increase/ Decrease in thisyear (
55、Decrease is listedwith-)(i) Net profit(ii) Other consolidated incomeSubtotal of (i)and (ii)-15,704,981.50-15,704,981.50-1,954,44 -17,659,422.14 3.64-1,954,44 -17,659,422.14 3.64(III) Owners devoted anddecreased capital0.000.000.000.000.000.000.000.000.000.001. Owners devoted capital2. Amount calcula
56、ted intoowners equity paid in shares3. Others(IV)Profit distribution0.000.000.000.000.000.000.000.000.000.001Withdrawal of surplus0.0015承德大路股份有限公司 2012 年半年度财务报告reserves2Withdrawal of general riskprovisions3Distribution for owners(shareholders)4. Others0.00(V) Carrying forward internalowners equity0.
57、000.000.000.000.000.000.000.000.000.001Capital reserves conversed tocapital (share capital)2Surplus reserves conversedto capital (share capital)3Remedying loss withsurplus reserve4. Others(VI) Reasonable reserve1Withdrawal in this period2Usage in this period(VII) Other0.00IV. Balance at the end of t
58、hereport period706,320 450,765,000.00 443.1076,791,550.17-1,273,464,013.346.74-39,587,013.33Amount in last periodUnit: RMBAmount in last periodOwners equity attributable to the parent companyItemsPaid-upcapital Capital(Share reservescapital)Less: ReasonaTreasur bley Stock reserveGeneralSurplus risk
59、Retainereserves provisio d profitnOthersMinoritysequityTotalownersequityI. Balance at the end of lastyear706,320, 450,765,000.00 443.1076,791,550.17-1,261,402,234.302,869,338 -24,655,90.07 2.96Add: retroactiveadjustment arising fromenterprise consolidation underthe same controlAdd: Changes ofaccount
60、ing policy16承德大路股份有限公司 2012 年半年度财务报告Error correction ofthe last periodOthersII. Balance at the beginning of 706,320, 450,765,this year 000.00 443.10III. Increase/ Decrease in thisyear (Decrease is listedwith-)(i) Net profit76,791,550.17-1,261,402,234.303,643,202.463,643,202.462,869,338 -24,655,90.07
61、 2.96-914,889. 2,728,313.19 27-914,889. 2,728,313.19 27(ii) Other consolidated incomeSubtotal of (i)and (ii)3,643,202.46-914,889. 2,728,313.19 27(III) Owners devoted anddecreased capital0.000.000.000.000.000.000.000.000.000.001. Owners devoted capital2. Amount calculated intoowners equity paid in sh
62、ares3. Others(IV)Profit distribution0.000.000.000.000.000.000.000.000.000.001Withdrawal of surplusreserves2Withdrawal of general riskprovisions3Distribution for owners(shareholders)4. Others0.000.00(V) Carrying forward internalowners equity0.000.000.000.000.000.000.000.000.000.001Capital reserves co
63、nversedto capital (share capital)2Surplus reserves conversedto capital (share capital)3Remedying loss withsurplus reserve4Others(VI) Reasonable reserve17承德大路股份有限公司 2012 年半年度财务报告1Withdrawal in this period2Usage in this period(VII) OtherIV. Balance at the end of thereport period706,320, 450,765,000.00
64、 443.1076,791,550.17-1,257,759,031.841,954,448 -21,927,58.88 9.698. Statement on Changes of Owners Equity of Parent CompanyAmount in this periodUnit: RMBAmount in this periodItemPaid-upcapital(Sharecapital)CapitalreservesLess:TreasuryStockReasonablereserveSurplusreservesGeneralriskreserveRetainedpro
65、fitTotalownersequityI. Balance at the end of last year706,320,00 449,365,880.00 6.6976,791,550.17-1,256,324, -23,846,99427.26 0.40Add: Changes of accountingpolicyError correction of thelast periodOthersII. Balance at the beginning of706,320,00 449,365,8876,791,550-1,256,324, -23,846,99this year0.006
66、.69.17427.260.40III. Increase/ Decrease in thisyear (Decrease is listed with-)(i) Net profit(ii) Other consolidated incomeSubtotal of (i)and (ii)-639,546.1 -639,546.15 5-639,546.1 -639,546.15 5(III) Owners devoted anddecreased capital0.000.000.000.000.000.000.000.001. Owners devoted capital2. Amount
67、 calculated intoowners equity paid in shares3. Others(IV) Profit distribution0.000.000.000.000.000.000.000.001Withdrawal of surplus reserves18承德大路股份有限公司 2012 年半年度财务报告2. Withdrawal of general riskreserve3. Distribution for owners(shareholders)4. Others(V) Carrying forward internalowners equity0.000.0
68、00.000.000.000.000.000.001. Capital reserves conversed tocapital (share capital)2. Surplus reserves conversed tocapital (share capital)3. Remedying loss withreserves4. Others(VI) Reasonable reservesurplus0.001. Withdrawal in this period2. Usage in this period(VII) OtherIV. Balance at the end of the7
69、06,320,00 449,365,8876,791,550-1,256,963, -24,486,53report period0.006.69.17973.416.55Amount in last yearUnit: RMBAmount in last yearItemPaid-upcapital(Sharecapital)CapitalreservesLess:TreasuryStockReasonable reserveSurplusreservesGeneralriskreserveRetainedprofitTotalownersequityI. Balance at the en
70、d of last year706,320,00 449,365,880.00 6.6976,791,550.17-1,271,759, -39,281,78225.93 9.07Add: Changes of accountingpolicyError correction of thelast periodOthersII. Balance at the beginning of706,320,00 449,365,8876,791,550-1,271,759, -39,281,78this year0.006.69.17225.939.07III. Increase/ Decrease
71、in thisyear (Decrease is listed with-)19承德大路股份有限公司 2012 年半年度财务报告(i) Net profit(ii) Other consolidated incomeSubtotal of (i)and (ii)15,434,798 15,434,798.67 .6715,434,798 15,434,798.67 .67(III) Owners devoted anddecreased capital0.000.000.000.000.000.000.000.001. Owners devoted capital2. Amount calcu
72、lated intoowners equity paid in shares3. Others(IV) Profit distribution0.000.000.000.000.000.000.000.001. Withdrawal of surplus reserves2. Withdrawal of general riskreserve3. Distribution for owners(shareholders)4. Others(V) Carrying forward internalowners equity0.000.000.000.000.000.000.000.001. Ca
73、pital reserves conversed tocapital (share capital)2. Surplus reserves conversed tocapital (share capital)3. Remedying loss withsurplusreserves4. Others(VI) Reasonable reserve1. Withdrawal in this period2. Usage in this period(VII) OtherIV. Balance at the end of the706,320,00 449,365,8876,791,550-1,2
74、56,324, -23,846,99report period0.006.69.17427.260.40(III) Basic information1. Background20承德大路股份有限公司 2012 年半年度财务报告Chengde DaLu Co., Ltd.( Hereinafter referred to as the Company or the Company) was formerly known asChengde DiXian Knitting Co., Ltd( Hereinafter referred to as DIXIAN stock), and was re
75、organized on November3, 1999 by sponsorship, approved by the peoples Government of Hebei Province with the issue of Ji shares do199936, The sponsors were Mr. Wang Shuxian, Hebei province Chengde County North Industrial Company,Chengde City Longfeng cosmetics company and Chengde County Board Town of
76、Red Star plastic products factoryand Mr. Wang Zhengsong. The registered capital was RMB100, 000,000 at establishment, and it was divided into100,000,000 shares with one Yuan of face value per share, during which 85,100,000 shares were held by Mr. WangShuxian. On November 13, 2009, the company change
77、d its name to Chengde DaLu Co., Ltd upon resolution of theboard of directors.According to the issue 2000 121 by the China Securities Regulatory Commission (hereinafter referred to as CSRC “) on August 29, 2000, the company issued 100,000,000 foreign capital stocks listed in China (hereinafterreferre
78、d to as the B “) on September 19, 2000 on Shenzhen stock exchange; and excised the overallotment optionto increase issuing 15,000,000 B shares from September 29to October 29, 2000. The registered capital of thecompany after the issuance of B shares was RMB 215,000,000, and was divided into 215,000,0
79、00 shares with oneYuan of face value per share.According to the resolution of the shareholders meeting on March 12, 2002, The Company allotted 43,000,000bonus shares to all of the shareholders according to the proportion of 2 free shares for every 10 shares, andmeanwhile increased 107500000 shares t
80、o all of the shareholding by transferring from capital reserve according to5 shares free for every 10 shares. The registered capital of the company was changed to RMB 365,500,000 after itallotted bonus shares and increased by transferring.According to the resolution of the shareholders meeting on Ju
81、ly 22, 2003, The Company allotted 73,100,000bonus shares to all of the shareholders according to the proportion of 2 free shares for every 10 shares, and theregistered capital of the company was changed to RMB 438,600,000 after such bonus shares were allotted.On March 11, 2004, approved by the Minis
82、try of Commerce of the Peoples Republic of China, the company wasallowed to be changed to Foreign-Funded Joint Stock Companies Limited.On July, 2004, the company increased 150,000,000 B shares directionally, during which 91,300,000 shares weresubscribed in HK$, and another 58,700,000 shares were sub
83、scribed in RMB, upon check by China SecuritiesRegulatory Commission with the issue 2004 No.101.According to the resolution of the shareholders meeting on June 8, 2006, The Company allotted 117,720,000bonus shares to all of the shareholders according to the proportion of 2 free shares for every 10 sh
84、ares,On August 4, 2008, according to the judgment ruled by Shenzhen Intermediate Peoples court, 112,324,800sponsor shares held by Wang Shuxian was compensated to ChenRong for RMB 45,491,544 Yuan, and on August15, 2008, 96,000,000 sponsor shares held by Wang Shuxian was compensated to Chenrong for RM
85、B 38,880,000Yuan according to the judgment ruled by Dalian Intermediate Peoples court.On November 11, 2009, according to “reply to the approval of capital increase, and change of share as well asname of Chengde DiXian Knitting Co., Ltd” with No.143 2009 by Bureau of Commerce of Hebei Province, itagr
86、eed that the company increased 150,000,000 foreign shares listed in China in 2004 and allotted 2 bonus sharesfree for every 10 shares in 2006; and it agreed that 208324800 shares of Dixian stock held by Wang ShuxianDixian was changed to Chen Rong ; as well as the name of the company changed to Cheng
87、de DaLu Co., LtdThe total share capital was 706,320,000 shares and the registered capital of the company was RMB 706,320,000Yuan after the company increased and allotted, which has been validated by ZhongLei CPA Co., Ltd, whoprovided the capital verification report with 2010 No. 10009.On April 6, 20
88、12, Mr. Chen Rong, as the largest shareholder of company, signed a share transfer agreement with21承德大路股份有限公司 2012 年半年度财务报告Mr. Wang Dong, and transferred all of the 208,324,800 shares held by himself (accounting for 29.49% of totalcapital stock of the company) to Mr. Wang Dong. The procedure for equi
89、ty transfer has been finished.2. Business scopeProduction and processing of series of knitting, woven series, high-grade suits, children series, packing materials,paper and paper products as well as all kinds of paper and synthetic silk, sales of self-made products. The companyand its subsidiaries i
90、mports knitted fabrics, woven fabrics of various raw materials for the production and theproduction equipment and accessories for self-use.The company subsidiary, Chengde County Rong Tatsu Real Estate Development Company Limited, is engaged inreal estate development.(IV) Major accounting policies, a
91、ccounting estimates and correction of prior perioderrors1. Basis of preparation of the financial statementsThe company shall, on the basis of continuous operation, recognize and measure the actually occurred transactionsand events according to “the accounting standards for enterprises-basic standard
92、s” issued by the Ministry ofFinance on February 2006 and thirty-eight concrete accounting standards and its application guidance and itsinterpretation as well as the provision of other accounting standards, and then prepare the financial statements.2. A declaration on the compliance with the Account
93、ing Standards for EnterprisesThe financial statements of the company has been prepared in accordance with the regulations of enterpriseaccounting standards, and present fairly, in all material respects, the financial position of the company, and the itsoperation results and cash flows.3. Accounting
94、fiscal yearThe fiscal year begins on the Gregorian calendar January 1st, and ends on December 31st. and this reportingperiod began on January 1st, and ended on June 30th 2012.4. Reporting CurrencyThe reporting currency of the company is Renminbi (“RMB”).The reporting currency of the oversea subsidia
95、ries5. Accounting for business combinations under the same control and not under the samecontrol(1) Business combinations under the same controlEquity method is adopted by the company for the business combination under the same control, and the assets and22承德大路股份有限公司 2012 年半年度财务报告liabilities of the
96、combined party in a business combination shall be measured on the basis of their carrying amountin the combined party on the combining date, except the necessary adjustment due to different accounting policy.As for the balance between the carrying amount of the consideration paid by it (or the total
97、 par value of the sharesissued) and the carrying amount of the net assets obtained by the combining party, the additional paid-in capitalshall be adjusted. If the additional paid-in capital is not sufficient to be offset, the retained earnings shall beadjusted.The cost for the business combination o
98、f the company as the combining party shall, including the expenses foraudit, legal services and assessment, be recorded into the profits and losses at the current period. The bonds issuedfor a business combination or the handling fees and commissions for assuming other liabilities shall be recordedi
99、nto the amount of initial measurement of the bonds or other debts. The handling fees and commissions for theissuance of equity securities for the business combination shall be credited against the surplus of equity securities;if the surplus is not sufficient, the retained earnings shall be offset.(2
100、) Business control not under the same controlThe purchase method is adopted by the company for the business combination not under the same control. Thecombination costs shall be the fair values, on the acquisition date, of the assets paid, the liabilities incurred orassumed and the equity securities
101、 issued by the acquirer in exchange for the control on the acquiree. The cost forthe business combination of the company as the acquirer shall, including the expenses for audit, legal services andassessment as well as other related management expenses be recorded into the profits and losses at the c
102、urrentperiod. The transaction cost for the issuance of equity securities or debt securities for the consideration shall berecorded into the initial recognition amount of the equity securities or debt securities.The combination costs determined at the acquisition date shall be the initial investment
103、cost of the long-termequity investment acquired from acquisition of common stock not under the same control, and the identifiableassets and liabilities acquired from the statutory merger not under the same control shall be stated at their fair valueon the acquisition date. The positive balance betwe
104、en the combination costs and the fair value of the identifiablenet assets it obtains from the acquiree shall be stated as business reputation; and the negative difference of thecombination costs and the fair value of the identifiable net assets is obtains from the acquire shall be recorded intocombi
105、ned current profit and loss after check.6. Preparation method for consolidated financial statements(1) Preparation method for consolidated financial statementsThe financial statements are prepared on the basis of control, and the scope of the consolidated financialstatements includes the company and
106、 all of its subsidiaries.The consolidated financial statements of the company are prepared according to “Accounting Standards forEnterprises No.33Consolidated Financial Statements” and related regulations, and all of the significant internaltransactions and business contacts in the consolidated scop
107、e shall be offset at the combination. The shareholdersequity of the subsidiaries not belonging to the parent company shall be listed singly as the ministry interest underthe shareholders equity in the consolidated financial statements.If the accounting policy or the accounting period is different be
108、tween the subsidiaries and the company, it is23承德大路股份有限公司 2012 年半年度财务报告necessary to adjust the financial statements of the subsidiaries according to the accounting policy or accountingperiod of the company at the preparation of the consolidated financial statements.For the subsidiaries acquired from
109、 the business combination not under the same control, it shall adjust theindividual financial statements based on its fair value of the identifiable net assets at the acquisition date; for thesubsidiaries acquired from the business combination under the same control, it shall be regarded as the repo
110、rtingentity formed after combination and continues to exist integratedly from the control by the final controlling partycomes into operation, and it shall adjust the beginning amount of the consolidated balance sheet, as well as therelated items of the comparative financial statements at the same ti
111、me.(2) Accounting for the equity of the same subsidiaries to be disclosed that is purchased andthen sold, or sold and then purchased during two accounting periods continuously7. Recognition for cash and cash equivalentsCash and cash equivalents included in cash-flow statement are short-term(within t
112、hree months of maturity sincepurchase date), highly liquid investments that are readily convertible to known amounts of cash and subject tolimited risk on changes in value.8. Foreign currency transaction and translation of foreign currency statements(1) Foreign currency transactionTransactions denom
113、inated in foreign currencies are translated into the reporting currency at the spot exchange ratesprevailing on the day when the transactions take place.Monetary assets denominated in foreign currency at the balance sheet date are translated at the spot exchange rate,and the exchange difference aris
114、ing from the different spot exchange date at the balance sheet date and at the initialrecognition or the previous balance sheet date shall be recorded into finance expenses; the non-monetary itemsdenominated in foreign currency stated at its historical cost shall be translated at the spot exchange r
115、ate on the daywhen the transactions take place; and non-monetary item denominated in foreign currency stated at its fair valueshall be translated at the spot exchange date on the day when the fair value is determined, and the differencebetween the amount in reporting currency after translation and t
116、he carrying amount in original reporting currencyshall be recorded into current profit and loss as income from changes in fair value, and the exchange differencerelated to non-monetary items in foreign currency available for sale shall be recorded into capital reserves.(2) Translation of foreign cur
117、rency statementsTranslation of items in foreign currency at the balance sheet date: the assets and liabilities in the balance sheetshall be translated at the spot exchange rate at the balance sheet, and the items of owners equity except“undistributed profit” shall be translated at the spot exchange
118、rate on occurrence. The income and expense in the24承德大路股份有限公司 2012 年半年度财务报告income statement shall be translated at the spot exchange date on the day when the transactions take place.When the consolidated financial statement is prepared, the converted difference in foreign currency statementsshall be
119、 listed singly as “translation reserve” under the owners equity in the consolidated balance sheet.9. Financial instrumentsFinancial instruments refers to the financial assets of the business and constitute the financial liability or equityinstruments of other business(1) Classification of financial
120、instrumentsThe financial assets and financial liabilities of the company are divided into five types at the initial recognition:Financial asset measured by fair value and which change is recorded into current profit and loss, Held-to-maturityinvestment, accounts receivable, financial assets availabl
121、e for sale and other financial liabilities.(2) Recognition and Measurement of Financial InstrumentsThe financial assets or financial liabilities are stated at their fair value at initial recognition. For the financial assetsand liabilities measured at their fair values and of which the variation is
122、recorded into the profits and losses of thecurrent period, the transaction expenses thereof shall be directly recorded into the profits and losses of the currentperiod, and the related transaction expenses of other kinds of financial assets or financial liabilities is recorded intoits initial recogn
123、ition amount.The financial assets and liabilities measured at their fair values and of which the variation is recorded into theprofits and losses of the current periodThe financial assets or liabilities which are measured at their fair values and the variation of which is recorded intothe profits an
124、d losses of the current period, including transactional financial assets and liabilities and the financialassets and liabilities which are measured at their fair values and of which the variation is included in the currentprofits and losses; the transactional financial assets refers to the stock, bo
125、nds, fund and the derivative instrumentsnot as effective hedging instrument or the assumed financial liabilities to be repurchased in the near future; thefinancial assets and liabilities which are measured at their fair values and of which the variation is included in thecurrent profits and losses i
126、s mainly designated on the basis of risk management and strategic investment.Subsequent measurement shall be carried through for these financial assets or financial liabilities at their fair value.All realized and unrealized profit and loss of these financial assets or financial liabilities shall be
127、 recorded intocurrent profit and loss except those as effective hedging instruments. Held-to-maturity investmentHeld-to-maturity investment refers to a non-derivative financial asset with the maturity date being fixed, therepayment being fixed or confirmed and the company has a clear purpose or is c
128、apable to hold to maturity.Effective interest method is adapted to measure held-to-maturity investment at the post-amortization cost duringthe holding period. The gains and loss arising from the impairment, amortization or recognition termination ofheld-to-maturity investment shall be recorded into
129、current profit and loss. The balance between the price obtainedand the carrying amount of the investment shall be recorded into investment income when held-to-maturityinvestment is disposed. Accounts receivable“Accounts receivable” is the claims of the sale of goods or rendering of service, includin
130、g accounts receivable,25承德大路股份有限公司 2012 年半年度财务报告other receivables and long-term receivables.The accounts receivable shall be recognized initially at the price stipulated in the contract or agreement to bereceived from the purchaser and it is measured at the post-amortization cost using the effective
131、 interest method.The balance between the price obtained and the carrying amount of the accounts receivable shall be recorded intocurrent profit and loss at recovery and disposal. Financial assets available for saleFinancial assets available for sale refers to the non-derivative financial assets avai
132、lable for sale designated at initialrecognition, and the financial assets except those three kinds of financial assets above. Subsequent measurementshall be carried through for such kind of financial assets at their fair value, and the discount and premium shall beamortized using effective interest
133、method and recognized as interest income. The change in the fair value of thefinancial assets available for sale shall be recognized as the independent part of capital reserve when the saidfinancial assets is stopped from recognition or is impaired with the exception of the impairment loss and theex
134、change difference arising from the monetary financial assets in foreign currency which shall be recorded intocurrent profit and loss, and the accumulative gains or loss recorded into capital reserve before shall be transferredinto current profit and loss. The dividends or interest income related to
135、the financial assets available for sale shallbe recorded into current profit and loss. Other financial liabilitiesOther financial liabilities refer to the financial liabilities which isnt designated to be measured by fair value andwhich change is recorded in current profit and loss.Other liabilities
136、 are measured at the post-amortization cost or cost. The gains or loss arising from the amortizationand the recognition termination of the other liabilities shall be recorded into current profit and loss.(3) Recognition and measurement for transfer of financial assetsWhere the company has transferre
137、d nearly all of the risks and rewards related to the ownership of the financialasset to the transferee; or it does not transfer or retain nearly all of the risks and rewards related to the ownership ofa financial asset but gives up its control over the financial asset, it shall stop recognizing the
138、financial asset.If the transfer of an entire financial asset satisfies the conditions for stopping recognition; the difference betweenthe amounts of the following two items shall be recorded in the profits and losses of the current period:A. The book value of the transferred financial assetB. The su
139、m of consideration received from the transfer and the accumulative amount of the changes of the fairvalue originally recorded in the owners equities.If the transfer of partial financial asset satisfies the conditions to stop recognition, the entire book value of thetransferred financial asset shall,
140、 between the portion whose recognition has been stopped and the portion whoserecognition has not been stopped, be apportioned according to their respective relative fair value, and thedifference between the amounts of the following two items shall be included into the profits and losses of thecurren
141、t period:A. The book value of the portion whose recognition has been stopped;B. The sum of consideration of the portion whose recognition has been stopped, and the portion of theaccumulative amount of the changes in the fair value originally recorded in the owners equities which iscorresponding to t
142、he portion whose recognition has been stopped If the transfer of the financial asset doesnt satisfy the condition to stop the recognition, it shall continue torecognize the financial asset and shall recognize the consideration it receives as a financial liability. If the company is continuously invo
143、lved in the transferred financial asset, it shall recognize a financial asset26承德大路股份有限公司 2012 年半年度财务报告according to the extent of its continuous involvement in the transferred financial asset, and recognize a financialliability at the same time.(4) Recognition for termination of financial liabilitie
144、sOnly when the prevailing obligations of a financial liability are relieved in all or in part may the recognition of thefinancial liability be terminated in all or partly.(5) Determination method for the fair value of financial assets and financial liabilitiesAs for the financial assets or financial
145、 liabilities for which there is an active market, the quoted prices in theactive market shall be used to determine the fair values thereof.Where there is no active market for a financial instrument; the company shall adopt value appraisal techniquesto determine its fair value.(6) Provision for impai
146、rment of financial assets(except accounts receivable)The company shall carry out an inspection, on the balance sheet day, on the carrying amount of the financial assets(except accounts receivable). Where there is any objective evidence proving that such financial asset has beenimpaired, an impairmen
147、t provision shall be made.Held-to-maturity investmentThe loss on impairment shall be determined according to the balance of the carrying amount and the present valueof the predicted future cash flow. It is accounted for according to the measurement method for loss impairment ofaccounts receivable.If
148、 there is any objective evidence proving that the value of the said financial asset has been restored, and it isobjectively related to the events that occur after such loss is recognized, the impairment loss as originallyrecognized shall be reversed and be recorded into the profits and losses of the
149、 current period. However, thereversed carrying amount shall not be any more than the post-amortization costs of the said financial asset on theday of reverse under the assumption that no provision is made for the impairment. Financial assets available for saleIf there is any objective evidence provi
150、ng that the fair value of the financial assets available for sale dropssignificantly or not contemporarily, it can recognize that such financial assets available for sale has been impaired,and shall recognize loss on impairment. Where the financial asset available for sale is impaired, the accumulat
151、ivelosses arising from the decrease of the fair value of the owners equity which was directly included shall betransferred out at the same time when the impairment loss is recognized and recorded into the profits and losses ofthe current period. The said accumulative loss transferred out equals the
152、balance of the initial acquisition cost ofthe financial asset available for sale deducting the reversed principal, the amortized amount, current fair value andthe impairment loss that has been recorded into profit and loss originally.As for the sellable debt instruments whose impairmentlosses have b
153、een recognized, if, within the accountingperiod thereafter, the fair value has risen and are objectively related to the subsequent events that occur after theoriginally impairment losses were recognized, the originally recognized impairment losses shall be reversed and berecorded into the profits an
154、d losses of the current period. The impairment losses incurred to a sellable equityinstrument investment shall not be reversed through profits and losses.27Aging承德大路股份有限公司 2012 年半年度财务报告(7) The outstanding held-to-maturity investment is to be re-classifies as the financial assetavailable for sale, an
155、d the basis of explanation to the intention and capability of holdinginvestment are being changed10. Recognition of provision for bad debts of account receivableThe company conducts an impairment test on the financial assets with significant single amounts. If any objectiveevidence shows that it has
156、 been impaired, the impairment losses shall be recognized and the provision for baddebts shall be made.Except the accounts receivable which the impairment loss have been made singly and those receivables inside theconsolidated scope, the company regards aging as credit risk feature grouping, and bas
157、ed on actual loss ratio ofreceivables in different groups divided as per account age in previous ears and in consideration of current status,the Company shall decide the ratio for appropriation of provisions for doubtful accounts in different account agesegments in current year, and thus calculate t
158、he appropriated provisions for doubtful accounts.(1) Bad debt provision for accounts receivable with significant single amountsJudgment basis or amount standard forsignificant single amountReceivables with significant singleamount and with appropriation ofprovisions for doubtful accounts onsingle am
159、ountThe Company deems the receivables with single amount over RMB1,000,000 (RMB 1,000,000) as significant single amount according tothe operation scale and business character.The company conducts an impairment test on the accounts receivablewith significant single amounts. If any objective evidence
160、shows that ithas been impaired, the impairment losses shall be recognized and theprovision for bad debts shall be made.(2) Accounts receivable with appropriation of provisions for bad debt as per groupingStandard for bad debtName of groupingprovision against group ofBasis of group determinationaccou
161、nts receivablesAmounts of bad debt provision foraccounts receivable which singleThe accounts receivable which obvious evidence existsamount is not significant, but theportfolio risk is significant afterAging analysis methodshowing that it is unrecoverable, and with over three years ofaging.grouped b
162、y credit risk featureBad debt provision is made in group using aging analysis method:A NAProvision proportion for accountsreceivable (%)Provision proportion for otherreceivables (%)28承德大路股份有限公司 2012 年半年度财务报告Within one year (including oneyear)One to two yearsTwo to three yearsOver three years5%20%50%
163、100%5%20%50%100%Three to four yearsFour to five yearsOver five yearsBad debt provision is made using Percentage of total account receivable outstanding A NABad debt provision is made using other methods:A NA(3) Receivables with non-significant amount but with appropriation of provision for baddebts
164、on single amountReason for appropriation of provision for bad debts on single amount:For receivables which have non-significant amount but clearly different individual credit risk feature and havebeen depreciated with objective evidences, the provision for doubtful accounts appropriated as per aging
165、 analysismethod cannot reflect actual conditions.Provision for bad debt:The company shall conduct impairment test singly, and recognize impairment loss according to the present valueof future cash flow lower than its carrying amount, and then make corresponding provision for bad debt on thebasis of
166、provision for bad debt which has been made by aging.11. Inventories(1) Classification of inventoryInventory means the materials, Auxiliary Material, spare parts for repair, revolving materials, merchandiseinventory, work-in-process under production, finished goods, development cost and products to b
167、e developed etc.the development cost includes the land cost, construction cost and other cost related to real estate developmentunder construction; the product to be developed refers to the land purchased and prepared to be developed into realestate development.(2) Valuation method for issuing of in
168、ventoriesFirst-in first-out method (FIFO) Weighed average method Specific identification method other29承德大路股份有限公司 2012 年半年度财务报告The Company shall valuate the issuing of inventories as per weighed average method once at the end of month.The actual cost of the developed products include land-transferri
169、ng fees, and expenditure of basic supportingfacilities, expenditure of construction installment project, and borrowing expense related before the completion ofdeveloped project and other related expenses during the process of development. The actual cost shall beconfirmed using specific identificati
170、on method when the developed product is issued.(3) Determination standard for the net realizable value of inventory and provision fordepreciation of inventoryDuring regular production and operation process, for the inventories directly used for sale such as merchandiseinventory and the materials for
171、 sale etc, the net realizable value shall be decided as per its estimated selling pricereduced by estimated selling expenses and related tax.For the materials inventory needed to be built or processed, during regular production and operating process, thenet realizable value shall be decided accordin
172、g to the estimated price of the finished goods built or processed lessthe cost to be generated, and the estimated selling expenses and related tax until completion of the project,For the inventories held for implementing sales agreement or service contract, the Company shall make thecontract price a
173、s valuation basis of the net realizable value; if the amount of inventories held are bigger than theorder amount in the sales contract, the Company shall make general sales price as the valuation basis for the netrealizable value of the exceeding part of the inventories. For the inventories without
174、sales agreement(excludingmaterials for sale), the company shall make the general sales price (namely marketing price) as the valuation basisfor its net realizable value; For material used for sale, the Company shall make market price as the valuation basisfor its net realizable value.The company sha
175、ll check over the inventories at the balance sheet date, and the provision for depreciation ofinventories shall be made or adjusted according to the lower of inventories cost and its net realizable value. Theprovision for depreciation of inventories shall be appropriated as per individual inventorie
176、s, and for the inventorieswith big amount and lower price, appropriated as per classified groups of inventories. For the inventories related tothe series of products manufactured and sold in the same area, and of which the final use or purpose is identical orsimilar there to, and if it is difficult
177、to measure them by separating them from other items, the provision fordepreciation of inventories shall be made on a combination basis.If the influencing factors for writing downinventory value before the date of balance sheet have disappeared, the Company shall restore the amount writtendown, and r
178、eturn the amount in the appropriated provision for depreciation of inventories, which shall be attributedto the net profit or loss of current period.(4) Inventory systemPerpetual inventory system Periodic inventory system OtherThe company adopts perpetual inventory system.(5) Amortization method for
179、 low value consumables and packing materialsLow value consumables30承德大路股份有限公司 2012 年半年度财务报告Amortization method: one-off amortization methodThe low-value consumables shall be amortized using one-off amortization method upon incurring.Packing materialsAmortization method: one-off amortization methodTh
180、e packing materials shall be amortized using one-off amortization method.12. Long-term equity investment(1) Recognition of initial investment costLong-term equipment due to business merger under the same controlThe initial investment cost for long-term equity investment due to business merger under
181、the same control shall bestated at the net attributable carrying value of the merged party after being adjusted according to the accountingpolicies of the company and obtained at the date of merger.Long-term equipment due to business merger not under the same controlThe initial investment cost for l
182、ong-term equity investment due to business merger not under the same control shallbe stated at the combined cost at the purchasing date.If the business merger which is not under the same control is realized via several transactions in process, the initialinvestment cost shall be stated at the sum of
183、 the carrying value of held equity investment of the purchased partybefore the purchasing date and the newly-increased investment cost at the purchasing date.long-term equity invest obtained by other meansThe initial investment cost of a long-term equity investment obtained by making payment in cash
184、 shall be thepurchase cost which is actually paid.For the long-term equity investment acquired by issuing equity securities, the fair value of equity securities(excluding the declared but not distributed cash dividends and profits obtained from the investee) shall be made asthe investment cost.For t
185、he long-term equity investment made by the investors, the value specified in the investment contract oragreement shall be made as the investment cost, except that the value specified in the contract or agreement isunfair.Where a non-monetary assets transaction that the transaction is commercial in n
186、ature; and the fair value of theassets received or surrendered can be measured reliably, the fair value of the assets surrender shall be regarded asthe initial investment cost for the long-term equity investment received in exchange for non-monetary assets.,unless there is any exact evidence showing
187、 that the fair value of the assets received is more reliable. Where anynon-monetary assets transaction does not meet the above conditions, the carrying value and relevant payable taxesof the assets surrendered shall be the initial investment cost of the assets received. The initial cost of a long-te
188、rmequity investment obtained by recombination of liabilities shall be stated according to the fair value.(2) Subsequent measurement and confirmation method for profit and lossWhere the company has joint control or significant influence over the investee, and the investment is not quoted inan active
189、market and its fair value cant be reliably measured, a long-term equity investment is accounted for usingthe cost method. Where the company has joint control or significant influence over the investee, a long-term equityinvestment is accounted for using the equity method31承德大路股份有限公司 2012 年半年度财务报告Whe
190、n a long-term equity investment is accounted for using Cost method:1. If the initial investment cost of long-term equity investment is larger than the fair value of identifiable net assetsof the investee entitled to from the investment, the initial investment cost of long-term equity investments sha
191、ll notbe adjusted; If the initial investment cost of long-term equity investment is smaller than the fair value ofidentifiable net assets of the invested entity gained from the investment, the difference between them shall berecognized in the consolidated income statement and cost of long-term equit
192、y investments adjusted.After the company obtains a long-term equity investment, it shall, in accordance with the attributable share of thenet profits or losses of the investee, recognize the investment profits or losses and adjust the book value of thelong-term equity investment. The company shall,
193、on the ground of the fair value of all identifiable assets of theinvestee when it obtains the investment and offset the shareholding proportion of the unrealized profit and lossfrom internal transactions between the Company, affiliated enterprises and joint ventures which is attributable tothe compa
194、ny through calculation according to the accounting policy and accounting period of the company(it shallrecognize entirely if the unrealized internal transaction loss belongs to assets impairment loss), recognize theattributable share of the net profits and losses of the investee after it adjusts the
195、 net profits of the investee.2. The company shall recognize the net losses of the investee until the book value of the long-term equityinvestment and other long-term rights and interests which substantially form the net investment made to theinvestee are reduced to zero, unless it has the obligation
196、 to undertake extra losses stipulated in the contract oragreement. If the investee realizes any net profits later, the company shall, after the amount of its attributable shareof profits offsets against its attributable share of the unrecognized losses, resume recognizing its attributable shareof pr
197、ofits.The carrying value of long-term equity investment shall be written down against the proportion of profit or cashdividend to be entitled which has been declared to be distributed by the investee.As for other changes of owners equity except the net profit and loss of the investee, the company sh
198、all adjustthe carrying value of the long-term equity investment against the attributable share calculated in accordance withshareholding proportion, and increase or decrease capital reserves at the same time.The company continues using the equity method to account for remaining investment if the inv
199、estee is sill theaffiliated enterprise or joint ventures after the shareholding proportion decreases, and the profit or loss recognizedin other integrated income (capital reserves) previously shall be carried forward to current profit and lossaccording to the proportion of investment disposed.The co
200、mpany continues using the equity method to account for the investment according to new shareholdingproportion if the investee is sill the affiliated enterprise or joint ventures after the shareholding proportion increases.The difference between the newly-increased investment cost and the fair value
201、of net identifiable assets of theinvestee which is calculated according to newly-increased shareholding proportion shall be disposed in accordancewith above principle; the company shall adjust the carrying amount of long-term equity investment and capitalreserves against the balance between the orig
202、inal carrying amount of such long-term equity investment on theacquisition of new investment and the fair value of net attributable identifiable assets of the investee which iscalculated according to the shareholding proportion after investment increase less the proportion after theshareholding prop
203、ortion is newly-increased.32承德大路股份有限公司 2012 年半年度财务报告(3) Recognition basis for joint control or significant influence over the investee1. Confirmation of joint controlJoint control means that none of the parties can control the production and operating activities of the joint ventureindependently and
204、 the decision-making for basic operating activities of the joint venture needs unanimousagreement of all the Parties.2. Confirmation of significant influenceSignificant influence means having the power to participate in the formulation of financial and operating policiesof an enterprise, but not the
205、 power to control or jointly control the formulation of these policies together with otherparties. When the company holds more than 20% (including 20%) but less than 20% voting shares of the investeedirectly or indirectly through subsidiaries, the significant influence on the investee shall be confi
206、rmed unless thereexists obvious evidence showing the company cant participate in the formulation of production and operatingpolicies of the investee under such circumstance and no significant influence forms accordingly; when thecompany holds less than 20% (excluding 20%) voting shares of the invest
207、ee, it shall not confirm that it hassignificant influence on the investee generally, unless there exits obvious evidence showing the company canparticipate in the formulation of production and operation under such circumstance, and can form significantinfluence.(4) Testing method for impairment of l
208、ong-term equity investment and the way forappropriation of provision for impairment1. The Company, at the date of balance sheet, makes estimate of long-term equity investment on subsidiaries, jointventure and affiliated enterprises, and recognizes the impairment loss against its reclaimable amount l
209、ower than itscarrying value. The reclaimable amount shall be determined according to the higher of the fair value of assetsdeducting the disposal expenses and its present value of future cash flow. As for the long-term equity investmentthat the company has no joint control or significant influence,
210、and no price is quoted in an active market and itsfair value cant be measured reliably, the impairment loss shall be recognized against the difference between itscarrying value and the present value of the future cash flow discounted according the prevailing market return ratiofor similar financial
211、assets when it is impaired. The impairment loss shall be recorded into current profit and loss,and provision for impairment of long-term equity investment shall be made at the same time.The provision for impairment of long-term equity investment shall not be returned once being confirmed.2. Provisio
212、n for goodwill impairmentThe company carries through impairment test at the end of every year against the goodwill arising from businessmerger, and the provision for impairment shall be made according to the test results. The provision for goodwillimpairment shall not be returned once being confirme
213、d.13. Investment real estate335承德大路股份有限公司 2012 年半年度财务报告14. Fixed assets(1) Recognition of fixed assetsFixed assets are the tangible assets with service life of more than one year held for production of goods, renderingof service, lease or operating management. Fixed assets shall be confirmed while f
214、ollowing conditions can all bemet:The economic interest related to the fixed assets will most likely flow into the company；The cost of the fixed assets can be measured reliably.(2) Recognition and valuation of fixed assets under finance lease(3) Depreciation method for various fixed assetsDepreciati
215、on of fixed assets is provided using the straight line method. The Company shall, since fixed assetsreach the specified usable condition, appropriate depreciation, and terminate to appropriate depreciation when thefixed asset is stopped to be confirmed or divided into non-current assets held for sal
216、e(the fixed assets that havebeen fully depreciated but are still in use and the land that is separately measured and included shall be excluded),without considering the provision for impairment, the economic life and residual value of the fixed asset shall beestimated according to the type of fixed
217、assets, the annual depreciation rate for each type of fixed asset of thecompany are as follows:TypeHouse and buildingMachinery equipmentElectronic equipmentTransportation equipmentDepreciation period (year)25.007-155-105-10555Residual rate(%)Annual depreciation rate(%)3.86.33-13.579.5-199.5-19Other
218、equipmentsFixed assets under finance lease-Including: house and buildingMachinery equipmentElectronic equipmentTransportation equipmentOther equipments(4) Testing method for depreciation of fixed assets and the way for appropriation ofprovision for depreciationAt the date of balance sheet, when the
219、assets have an evidence of depreciation, the Company shall estimate itsreclaimable amount; if the reclaimable amount of the assets is lower than its book value, the Company shall write34承德大路股份有限公司 2012 年半年度财务报告down the book value of the assets to its reclaimable amount, the reduced amount shall be r
220、ecorded into currentprofit and loss. The reclaimable amount shall be determined in light of the higher one of net amount of its fairvalue less disposal expenses and the present value of the expected future cash flow of the assets. The companyestimates its reclaimable amount based on single-item asse
221、t in principal, Where it is difficult to do so, it shalldetermine the reclaimable amount of the group assets on the basis of the asset group to which the asset belongs.Once being confirmed, not be returned in the accounting period afterwards.(5) Other explanation15. Construction in progress(1) Type
222、of construction in progressThe construction in progress refers all necessary expenditure before the fixed assets under acquisition are ready fortheir intended use state, including the direct material of project, direct employee compensation, the equipment tobe installed, civil and erection cost, pro
223、ject management cost and net profit and loss of trial run expenses and theborrowing cost which can be capitalized etc.(2) The standard and time point for construction in progress transferred to fixed assetsFor construction in progress, the Company shall make all the expenditures for this asset to re
224、ach usable conditionas the account value of the fixed assets. For the fixed assets reaching usable condition but not preparing the finalaccount for completion, the Company shall, since the date of reaching usable condition, transfer the estimatedvalue into fixed assets according to project budget an
225、d cost or actual cost of the project and appropriate theprovision for depreciation according to the Companys policy for depreciation of fixed assets; after the procedurefor final account for completion has been ended, the Company shall adjust the original temporarily estimated valueas per actual cos
226、t, but not adjust the original appropriated provision for depreciation.(3) Testing method for depreciation of construction in progress and the way forappropriation of provision for depreciationAt the date of balance sheet, when the construction in progress have an evidence of depreciation, the Compa
227、nyshall carry through impairment test singly, and estimate its reclaimable amount; if the reclaimable amount is lowerthan its book value, the Company shall write down the book value of the assets to its reclaimable amount, thereduced amount shall be recorded into current profit and loss and provisio
228、n for depreciation shall be made at thesame time. The reclaimable amount shall be determined in light of the higher one of net amount of its fair valueless disposal expenses and the present value of the expected future cash flow of the assets. Once being confirmed,not be returned in the accounting p
229、eriod afterwards.35承德大路股份有限公司 2012 年半年度财务报告16. Borrowing cost(1) Confirmation principle for capitalization of borrowing costThe assets eligible for capitalization shall refer to the fixed assets, investment real estate, inventories and otherassets, of which the acquisition and construction or produc
230、tion may take quite a long time to get ready for itsintended use or for sale. The borrowing costs shall include interest on borrowings, amortization of discounts orpremiums on borrowings, ancillary expenses, and exchange balance on foreign currency borrowings etc.Where the borrowing costs incurred t
231、o the company can be directly attributable to the acquisition and constructionor production of assets eligible for capitalization, it shall be capitalized and recorded into the costs of relevantassets. Other borrowing costs shall be recognized as expenses on the basis of the actual amount incurred,
232、andshall be recorded into the current profits and losses.The borrowing costs shall not be capitalized unless they simultaneously meet the following requirements:The asset disbursements have already incurred, which shall include the cash, transferred non-cash assets orinterest bearing debts paid for
233、the acquisition and construction or production activities for preparing assets eligiblefor capitalization;The borrowing costs has already incurred; andThe acquisition and construction or production activities which are necessary to prepare the asset for itsintended use or sale have already started.(
234、2) The capitalization period of borrowing costThe borrowing cost incurred in connection with the assets qualified for capitalization under acquisition andconstruction, shall be recorded into the cost of the assets before it is ready for the intended use or sale, and thoseincurred after a qualified a
235、sset under acquisition and construction or production is ready for the intended use orsale shall be recorded into the profits and losses of the current period.Where the acquisition and construction or production of a qualified asset is interrupted abnormally and theinterruption period lasts for more
236、 than 3 months, the capitalization of the borrowing costs shall be suspended.Where part of a qualified asset under acquisition and construction is completed separately and can be used singly,the capitulation of the borrowing costs incurred in connection with such part of assets shall be ceased.(3) T
237、ermination period of capitalization(4) Calculation procedure for the capitalized amount of borrowing costThe company calculates the capitalized amount of borrowing costs quarterly.The to-be-capitalized amount of interests of the specially borrowed loans (minus the income of theinterests earned on th
238、e unused borrowing loans as a deposit in the bank or as a temporary investment)and the ancillary expense incurred to the specifically borrowed loans incurred before a qualified assetunder acquisition, construction or production is ready for the intended use or sale, shall be capitalizedat the incurr
239、ed amount when they are incurred.The Company shall calculate and determine the to-be-capitalized amount of interests on the general36承德大路股份有限公司 2012 年半年度财务报告borrowing by multiplying the weighted average asset disbursement of the part of the accumulativeasset disbursements minus the general borrowing
240、 by the capitalization rate of the general borrowingused. The capitalization rate shall be calculated and determined in light of the weighted average interestrate of the general borrowing.Where there is any discount or premium, the amount of discounts or premiums that shall be amortizedduring each a
241、ccounting period shall be determined by the real interest rate method, and an adjustmentshall be made to the amount of interests in each period. During the period of capitalization, theexchange balance on foreign currency borrowings shall be capitalized, and shall be recorded into thecost of assets
242、eligible for capitalization.17. Biological assets18. Oil & gas assets19. Intangible assets(1)Valuation method for intangible assets(1) Initial measurement of intangible assetsThe Company accounts its intangible assets at their real acquisition cost.Where the payment of purchase price for intangible
243、assets is delayed beyond the normal creditconditions, which is of financing intention, the cost of intangible assets shall be determined on the basisof the current value of the purchase price.The book value of the intangible assets acquired as debt assets through the recombination of liabilitiesshal
244、l be accounted on basis of the fair value of the intangible assets；Under the conditions that theexchange of non-monetary assets is characterized with business essence, and the fair value of the assetsreceived or surrendered can be accounted in a reliable way, the book value of assets received is def
245、inedon basis of the fair value of assets surrendered, except there are conclusive evidences for the strongerreliability of the fair value of assets received. For the exchange of those non-monetary assets notmeeting the above premises, the book value of assets surrendered and related taxes should bea
246、ccounted as cost of assets received and the profits and losses shouldnt be concluded.(2) Subsequent measurement of intangible assetsService life of intangible assetsThe Company analyzes the service life of the acquired intangible assets. For the intangible assets with limitedservice life, the compan
247、y shall estimate the years of its service life, or the amount of the output or any other similarmeasurement unit, which constitutes its service life; If it is unable to forecast the period when the intangible assetcan bring economic benefits to the enterprise, it shall be regarded as an intangible a
248、sset with uncertain service life.37承德大路股份有限公司 2012 年半年度财务报告Amortization of intangible assetsFor the intangible assets with limited service life, the economic benefits should be amortized withStraight-line method; and the company wont adopt amortization upon the intangible assets with indefinite serv
249、icelife.At the end of report period, the Company should recheck the service life and amortization method of the intangibleassets and carry through necessary adjustment.In case no economic benefit is expected to be brought by some intangible assets to the company at the end ofperiod, the carrying val
250、ue of the intangible assets shall be transferred into current profit and loss.depreciation of intangible assets(2) Estimate of service life for the intangible assets with limited lifeAs for the intangible assets with limited life, its service life shall be estimated taking such factors as follows in
251、toconsideration:-The usual life period of the products made with such assets and the information related to the service life ofsimilar assets available;- The ongoing circs on the aspect such as technology and technics and estimation of the development trend in thefuture;- The market demand of the pr
252、oducts or rending of service with such assets;- Ongoing or potential action of the competitor expected to take;- The expected maintenance expenditure to maintain the ability that economic benefit can be brought by the assets,and the ability of the expected expenses to be paid out;- The legal regulat
253、ions related to the control period of the assets or similar limitation, such as franchise period andlease period etc;-The relevance with the service life of other assets held by the companyitemestimated service lifebasis(3) The judgment basis of the intangible assets with indefinite life.(4) Provisi
254、on for depreciation of intangible assetsFor the intangible assets with definite service life, the Company practices the impairment testing at end of periodwhen there is obvious indications of impairment, and estimates its reclaimable amount, When the reclaimableamount of intangible assets is less th
255、an their book value, the book value of intangible assets should be writtendown to its reclaimable amount, and the amount of write-down is recognized as an intangible asset impairmentlosses, included in current profits and losses, and the corresponding provision for depreciation should be accrued att
256、he same time. For the intangible assets with uncertain service life, impairment testing should be realized at the endof each period.38承德大路股份有限公司 2012 年半年度财务报告(5) Criteria for the division of research stage and development stage during internal R&D(6) Accounting for the expenses during the developmen
257、t stage of internal R&D projects20. Amortization method for long-term prepaid expensesLong-term prepaid expenses are expenses that should be allocated into the period in which they are incurred and insubsequent periods, and be amortized more than one year. Long-term prepaid expenses shall be amortiz
258、edaveragely during the benefiting period.If the projects of long-term prepaid expenses are not benefited during the future accounting period, the amortizedvalue of the projects that have not been amortized shall be transferred to the current profit and loss.21. Asset transfer with condition of repur
259、chase22. Accrued liabilitiesThe company recognizes as accrued liabilities those matters involving the Company in litigation, products qualityguarantees, loss of contracts and reconstruction, which are likely to cause the outflow of economic benefit of thecompany, and whose amount can be reliably mea
260、sured.(1) Criteria of contingent liabilitiesThe obligations related to contingent items are defined as accrued liabilities when satisfying the followingconditions:This obligation means a present obligation for the Company;The fulfillment of this obligation is likely to lead to outflow of economic be
261、nefits of the Company;The amount of this obligation can be reliably measured.(2) Measurement of accrued liabilitiesOn defining the accrued liabilities, if there is a scope of required expenditure to pay off the liabilities, the bestestimated amount should be defined by the average amount of upper an
262、d lower limits of the range; if it doesntexist a scope, the best estimated amount should be defined by:The most possibly occurred amount when the contingent items are related to individual project, and byThe combination of different possible results and their probabilities when the contingent items
263、are related tomultiple items.39承德大路股份有限公司 2012 年半年度财务报告23. Share - based payment and equity instrument(1) Category of share-based payment(2) Recognition method for fair value of equity instrument(3) Methods for determining best estimate of quantity of executable equity instruments(4) Accounting for
264、the implementation, modification and termination of share-basedpayment plan24. Repurchased shares of the company25. Revenue(1) Judgment standard for revenue from sales of goodsThe Company has already transferred main risk and reward for the property in the goods to the purchaser; it hasneither kept
265、the right of continuous management related to the property in that goods, nor exercised control to thesold goods; the amount of income can be calculated reliably. The confirmation for revenue shall be recognized.(2) Income from acquisition of assets use rightThe amount of interest income shall be ca
266、lculated and confirmed according to the time and actual interest rate ofthe Companys monetary fund used by other entities. The amount of use right income shall be calculated andconfirmed according to the chargeable time and way specified in a contract or agreement.(3) The standard and method to reco
267、gnize the percentage of completion of contract whenincome from rendering of service and construction contract income is determined accordingto percentage-of-completion methodIf the outcome of a construction contract can be estimated in a reliable way, the contract revenue and contract costsshall be
268、recognized in light of the percentage-of- completion method on the date of the balance sheet. If the40承德大路股份有限公司 2012 年半年度财务报告outcome of a construction contract cannot be estimated in a reliable way, and the contract costs can be recovered,the contract revenue shall be acknowledged in accordance wit
269、h contract costs that can be recovered and thecontract costs shall be acknowledged as contract expenses in the current period they are incurred; and If thecontract costs cannot be recovered, these costs shall be acknowledged as contract expenses immediately whenincurred and no contract revenue shall
270、 be acknowledged. If the total expected contract costs exceed the totalexpected contract revenue, the expected loss shall be recognized as the current expenses.The company determines the schedule of the project on the basis of the proportion of accumulative actual contractcosts incurred against the
271、expected total contract costs.The current contract revenues in the current period shall, on the balance sheet date, be recognized in accordancewith the balance of the total contract revenues times the schedule of completion then deducting the accumulatedrevenue recognized in previous accounting peri
272、ods. As for the disbursement which the interest is calculatedaccording to the stipulated interest rate in construction contract, such as expense for land requisition, survey anddesign expenses, Housing construction and installation construction cost, Residential infrastructure constructioncost, it s
273、hall calculate the capital occupancy expense singly, which shall be regarded as “financial expenses-interestincome” to write down the total revenue of contract; meanwhile, the current contract expenses in the current periodshall be recognized in accordance with the balance of the expected total cont
274、ract costs times the schedule ofcompletion then deducting the accumulated expenses recognized in previous accounting periods.26. Government subsidy(1) ClassificationGovernment subsidy means that the Company shall get monetary assets or non monetary assets from thegovernment without consideration, bu
275、t the government subsidy shall not include the capital invested by thegovernment as an enterprise owner. It is divided into the one related to assets and the one related to income.(2) Accounting method(1) Confirmation and measurement of government subsidyThe government subsidy meeting attached condi
276、tions and actually received by the Company, shall be confirmed asgovernment subsidy.If the government subsidy is a monetary asset, it shall be measured as per the amount received or to be received; ifthe government subsidy is a non-monetary asset, it shall be measured as per fair value; and if the f
277、air value cannotbe obtained reliably, measured as per nominal amount.(2) Accounting for government subsidyThe government subsidy related to assets shall be confirmed as deferred income, and allocated averagely duringthe service life of the related assets and attributed into the profit and loss of cu
278、rrent period.But the government subsidy measured in nominal amount shall be directly attributed to profit or loss of current41承德大路股份有限公司 2012 年半年度财务报告period.The government subsidy related to income and used as compensation for related expenses or loss of the Companyduring future period shall be conf
279、irmed as deferred income, and attributed into the profit and loss of current periodduring the period for confirmation of related cost, and the subsidy used as compensation for the related cost or lossof the Company which has already occurred, shall be directly attributed into the profit and loss of
280、current period.27. Deferred income tax assets and deferred income tax liabilities(1) Confirmation of deferred income tax assetsThe Company shall, based on the temporary difference between the book value and taxation base of assets andliability at the date of balance sheet, use debt method of balance
281、 sheet to calculate the deferred income tax.Deferred Income taxes are included into profit or loss for the current period, except for the adjusted goodwill dueto business merger and those related to transactions or events directly recognized in owners equity, which arerecognized directly in owners e
282、quity.For the deductible temporary difference, deductible loss and tax credits which can be transferred to subsequentyears, the Company shall confirm resulted deferred income tax assets within the limit of the future taxable incomeamount which is very likely obtained to offset the deductible tempora
283、ry difference, deductible loss and tax credits,except for the following（1）Deductible temporary differences arise from a transaction which is neither a business combination nor affectsaccounting profit or taxable profit (or deductible loss) at the time of the transaction;（2）For deductible temporary d
284、ifferences associated with investments in subsidiaries, associates and jointventures, if it is probable that the temporary difference will reverse in the foreseeable future and it is probable thattaxable profits will be available in the future, against which the temporary difference can be utilized,
285、 the companyrecognizes the corresponding deferred tax asset.(2) Confirmation of deferred income tax liabilitiesThe liabilities for deferred income tax shall be confirmed according to various temporary difference of tax payable;except for temporary difference of tax payable which is generated in foll
286、owing transactions:（1）Initial confirmation of goodwill（2）Initial confirmation of assets or liabilities generated from the transactions with following features: Suchtransaction is not a business merger, and the occurring of the transaction influences neither taxable income amountnor deductible loss.（
287、3）For the temporary difference of tax payable related to investment in subsidiaries, joint ventures and affiliatedenterprises, the time for return of such temporary difference can be controlled and such temporary difference willmost likely not returned in foreseeable future.42承德大路股份有限公司 2012 年半年度财务报
288、告At the balance sheet date, deferred tax assets and deferred tax liabilities are measured at the tax rates that areexpected to apply to the period when the asset is realized or the liability is settled, according to the requirements oftax laws, and reflect the tax effect of the expected realization
289、of asset and settlement of liability.At the date of balance sheet, the Company shall recheck the book value of deferred income tax assets. If in futureperiod, the Company will most likely not obtain adequate taxable amount of income to offset the benefit of thedeferred income tax assets, the Company
290、 shall write down the book value of the deferred income tax assets, andthe written-down amount shall be recorded into current income tax expenses. As for the deferred income tax assetwhich has been recorded into owners equity at original recognition, its written-down amount also shall berecorded int
291、o owners equity. If it can most likely obtain adequate taxable amount of income, the amount wrotedown shall be returned.28. Operating lease and financing lease(1) Accounting for operating leaseThe lease fee paid for the assets leased by the company shall be amortized using the straight line method w
292、ithin thewhole lease period without deducting rent-free period, and recorded into current expenses. The initial directexpense related to lease transaction paid by the company shall be recorded into current expenses.If the lessor assumes some expense of the leaseholder, the Company shall make amortiz
293、ation in the leasing periodas per the balance of rent expense reduced by above expense, and record it into current expenses.The lease fee obtained by the company for leasing asset as a lessor shall be amortized using the straight linemethod, and recorded as lease income. The initial direct expense r
294、elated to lease transaction shall be recorded intocurrent expenses; the expense with big amount shall be capitalized, and shall be attributed to net profit or loss ofcurrent period in total leasing period according to the basis same as that for confirmation of rent income.If the company assumes some
295、 expense related to lease and attributable to the lease, the Company shall makeamortization in the leasing period as per the balance of total rent income educed by above expense.(2) accounting for financing lease29. Assets held for sale(1) Recognition of assets held for sale(2) Accounting for assets
296、 held for sale435%25%承德大路股份有限公司 2012 年半年度财务报告30. Asset Securitization31. Hedge accounting32. Changes in major accounting policies and accounting estimateWas the major accounting policies and accounting estimate changed during the reporting period? Yes No N/A(1)Changes in accounting policiesWas the m
297、ajor accounting policies changed during the reporting period? Yes No N/A(2) Changes in accounting estimateWas the major accounting estimate changed during the reporting period? Yes No N/A33. Early correction of accounting errorWas the accounting error found during the reporting period? Yes No N/A(1)
298、Retrospective restatement methodWas the preliminary accounting error discovered by using the retrospective restatement method during thereporting period? Yes No N/A(2) Prospective application methodWas the preliminary accounting error found by using the prospective application method during the repo
299、rtingperiod? Yes No N/A34. Other major accounting policies, accounting estimate and financial statementpreparation method(V)Tax1. Main categories of taxes and tax ratesTax categoryVATConsumption taxBusiness taxCity maintenance and construction taxCorporate Income TaxTax basisVAT payableTaxable turno
300、verTransfer tax payableTaxable income; 15% of the taxableincomeTax rate17%5%44承德大路股份有限公司 2012 年半年度财务报告The income tax rate applicable for each branch and subsidiary plant.The enterprises income tax of the subsidiary Chengde County RongYida Real Estate Development CompanyLimited should be calculated a
301、t 15% of the taxable income.2. Tax incentives and approval3. Other statements(VI) Enterprise merger and consolidation of financial statementsGeneral instructions of enterprise merger and consolidation of financial statements:(1)The principle of consolidated accounting statementsAll subsidiaries are
302、included in the consolidated financial statements.(2) Preparation method of Consolidated Financial StatementsBased on the principle of the financial statements of the parent company and the subsidiaries included in the scopeof consolidation, the insider trading between the parent company and the sub
303、sidiaries such as important investment,contacts, inventory, buying& selling and the unrealized profits offset itemized merger are combined, at the sametime, it should be Calculated the minority shareholders and minority shareholders profit and loss.(3) presentation of Minority interest and profit or
304、 lossThe net profit or loss in current period of Subsidiary company attributable to the minority shareholders interests,which should be listed as “Minority interest under the item of net profit in the consolidated income statement.The shareholders equity of the Subsidiary attributable to the minorit
305、y interest, which should be listed as“shareholders equity” in the consolidated balance sheet.(4) Excess losses treatmentWhen the current losses of minority shareholders of subsidiaries exceed the shareholders equity attributable tominority shareholder at the beginning of period, if it is stipulated
306、that the minority shareholder is responsible toassume in the articles of association or agreement, as well as the minority shareholder has the ability tocompensate, it should write down minority interest against such extra loss. Otherwise it will write down theowners equity of parent company. The pr
307、ofit of the subsidiaries in future period should attribute to the ownersequity holders of parent company before offsetting the minority shareholders loss assumed by owners equity ofthe parent company.(5) Treatment of consolidated financial statement when the subsidiaries increase or decrease in curr
308、entperiod.During the reporting period, if the increase of a subsidiary due to business merger under the same control, all of theincome, expense, profits of the subsidiary from the beginning of the period when the merger takes place to the endof the reporting period should be included in the consolid
309、ated profit statement. If the increase of a subsidiary dueto business merger not under the same control, the income, expense, profits of the subsidiary from the purchasedate to the end of the reporting period should be included in the consolidated profit statement. During the reportingperiod, when t
310、he subsidiary is disposed, the income, expenses, profits of the subsidiary from the beginning periodto disposal date should be included in the consolidated income statement.45承德大路股份有限公司 2012 年半年度财务报告Subsidiary companyThe subsidiary acquired through establishment or investmentUnit :RMBLoss for theper
311、iod morethanagainstshareoffsettheofminorityshareholders insubsidiariesUsed to offset fromtheSubsidiarycompanynameSubsidiary Placecompany type registrationof business Registeredcharacteristics capitalCurrencyThe final other project ShareholdingBusiness scope actual which forms ratioinvestment net inv
312、estment (%)Balance ofon subsidiariesConsolidatedVoting rights financialratio (%) statements ornotThe rights ofminorityshareholdersthe amount ofminorityshareholdersnet income ofthe rights ofminorityparentcompanyequityminorityshareholdersexceed theshareholdersminorityenjoyedthebalance in theshareofown
313、ers equityinthesubsidiary inearlyProduction andChengdeXingYe Paper A subsidiaryLimited of holdingscompanyChengde City,HebeiprovincePaperproduction250,000,000.00USDmarketing ofhigh-gradecoated paper 75,000,000.00and kraft linerboard paper75%75%YesseriesHebeiproduction andXiabancheng A wholly Chengde
314、City,Knitting owned HebeiGarment Co., subsidiary provinceClothingproduction4,000,000.00USDexport of allkinds of 4,000,000.00knitted100%NoLtd.ClothingChengdeDiXianFashion Co.,Ltd.A wholly Hebeiowned provincesubsidiary Chengde CityClothingproduction24,000,000.00 USDProduction andmarketing ofhighsimula
315、tion ofchemical fiber24,000,000.00100%No46承德大路股份有限公司 2012 年半年度财务报告clothing andclothChengdeProcessing andHuaxing WastepaperrecyclingLimitedA subsidiaryof thesubsidiary ofholdingsHebeiprovinceChengde CityRecycling ofwaste paper1,000,000.00CNYsales recoveryof variouswaste paperand paper900,000.0090%90%
316、Yes6.74companyproductsGold AxeInvestmentGroup LimitedA whollyownedsubsidiaryThe BritishVirgin IslandsExport1.00USDInvestmentand export 1.00business100%100%YesThe other descriptions on the subsidiaries acquired through establishment or investment:The other descriptions about Subsidiary:On February 8,
317、 2009, Hebei Xiabancheng Knitting Garment Co., Ltd. was declared to bankrupt by Hebei province Chengde City Intermediate Peoples Court with the issuance of civil awardof No. (2008)12-1.On February 8, 2009,Chengde DiXian Fashion Co., Ltd. was declared to bankrupt by Hebei province Chengde City Interm
318、ediate Peoples Court with the issuance of civil award of No.(2008)11-1;Chengde XingYe Paper Limited company is established by the company together with (Hongkong)Zhanxi International Group Co., Ltd. the registered capital of Chengde XingYe PaperLimited company was 250 million U.S. dollars，the paid-i
319、n capital was $100000000, Shareholders contribution accounts for 40% of the registered capital, and in which the company invests75000000 dollar ( accounting for 75%), (Hong Kong)Zhanxi invests 25000000 dollar ( proportion 25%).On October 28, 2002, according to the regulation of “ reply to investment
320、 increase ofjoint ventures of Chengde XingYe Paper Limited company” approved by the peoples Republic of China Ministry of foreign trade and Economic Cooperation ( the former of the Ministry ofCommerce ) with the issuance of No.2001969, the registered capital was increased to $ 250 million from $ 10,
321、000 million, The new registered capital has been paid by the two sides inaccordance with the contract, articles of agreement within three years from the date of the business license renewal. The registered capital of Chengde XingYe Paper Limited Company isnt paidfully within the prescribed period.Ch
322、engde XingYe Paper Limited company had been shut down completely suffered from December 2006 serious loss since the original largest shareholder Wang Shuxian and senior executivesinvolved in smuggling effect, On December 8, 2008, Hebei province Chengde City Intermediate Peoples Court issued the No (
323、2008)13 Chengde Civil Award and confirmed the bankruptcyliquidation of the application of Chengde XingYe Paper Limited company. On March 11, 2009, Hebei province Chengde City Intermediate Peoples Court approved the settlement request ofChengde XingYe Paper Limited Company according to the Civil Awar
324、d with No. (2008)13. On May 10, 2009, Hebei province Chengde City Intermediate Peoples Court confirmed thesettlement agreement reached on May 8, 2009between Chengde XingYe Paper Limited Company and the creditors and terminated the reconciliation procedure. On April 23, 2009, the HebeiProvincial High
325、er Peoples Court issued No.(2009) 44 Hebei ”criminal Award” and confirmed that Chengde XingYe Paper Limited company was a false foreign investment enterprise which wasregistered in the name of the Hong Kong ZhanXi by the companys original shareholders of Wang Shuxian. Because Chengde XingYe Paper Li
326、mited Company didnt submit the materials for2009 annual industrial and commercial enterprises inspection, its business license was already revoked by Chengde Administration for Industry and Commerce according to administrativepunishment decision of No. (2011)185 on January 21, 2011.Because Chengde H
327、uaxing Waste paper recycling Limited company didnt submit the materials for 2007 industrial and commercial enterprises inspection, its business license was alreadyrevoked by Chengde Administration for Industry and Commerce according to No.(2009)73 administrative punishment decision on April 28, 2009
328、, and it did not handle the liquidationprocedures by the end of December 31, 2011.47minorityinterestoffsetowners承德大路股份有限公司 2012 年半年度财务报告(2)Subsidiaries acquired by business combination under common controlUnit: RMBBalancebetween theownersequity inparentoffsetting theFull name ofsubsidiaryType ofsubs
329、idiaryRegisteredplaceBusinessnatureRegisteredcapitalCurrencyBusinessscopeActualinvestmentamount atperiod-endBalance ofother itemswhichactuallyconstitutes netinvestment insubsidiariesHoldingproportion%Votingproportion%ConsolidatedstatementYes/NoMinorityinterestscurrent lossesAmount in attributable to
330、minorityshareholdersavailable to of subsidiariesover the shareminority gains of beginningand lossesequity in suchsubsidiariesby theminorityshareholdersOther explanation for subsidiaries acquired by business combination under the common control:（3）Subsidiaries acquired by business combination not und
331、er the common controlIn 2009, Mr. Chen Rong, the original large shareholder, transferred 100% equity interest in Chengde Rongyida Real Estate Development Co., Ltd. to the Company withconsideration of RMB1.Unit: RMBBalancebetween theFull name ofsubsidiaryType ofsubsidiaryRegisteredplaceBusinessnature
332、RegisteredcapitalCurrencyBusiness scopeActualinvestmentamount atperiod-endBalance ofother itemswhichactuallyconstitutes netinvestment insubsidiariesHoldingproportion%Votingproportion%ConsolidatedstatementYes/NoMinorityinterestsAmount inminorityinterestavailable tooffsetminoritygains andlossesownerse
333、quity inparentoffsetting thecurrent lossesattributable tominorityshareholdersofsubsidiaries48承德大路股份有限公司 2012 年半年度财务报告over the shareof beginningownersequity in suchsubsidiariesby theminorityshareholdersReal EstateChengdeRongyidaReal EstateDevelopmentCo., Ltd.Wholly-owned Chengde,subsidiary HebeiReal
334、EstateDevelopment1,000.00 CNYDevelopment；textile, clothesmanufacture,import &export ofclothes, leasing1.00100%100% YesserviceOther explanation for subsidiaries acquired by business combination not under the common control:49NameName承德大路股份有限公司 2012 年半年度财务报告2. Special purposes entity or operation enti
335、ty where controlling right is formed under entrusted operation orleasing Applicable Non-applicableOther explanation for special purposes entity or operation entity where controlling right is formed under entrustedoperation or leasing:3. Explanation for changes in consolidation scopeExplanation for c
336、hanges in consolidation scope: Applicable Non-applicable4. Entities newly included in consolidate scope during the reporting period and entities ceasing to be included inconsolidate scope during the reporting periodSubsidiaries, special purposes entities, operation entity where controlling right is
337、formed under entrusted operation orleasing newly included in consolidation scope during the periodUnit: RMBNet assets as at period-endNet profit for the periodSubsidiaries, special purposes entities, operation entity where controlling right is formed under entrusted operation orleasing ceasing to be
338、 included in consolidation scope during the periodUnit: RMBNet assets as at the disposal dateNet profit from the year-beginto the disposal dateOther explanation on entities newly included in consolidation scope and entities ceasing to be included in consolidationscope:5. Business combination under t
339、he common control during the reporting periodUnit: RMBParty to beconsolidatedBasis fordetermination ofbusinesscombinationunder thecommon controlConsolidatedActual controller income for theunder the period from thecommon control period-begin toconsolidation dateConsolidated netprofit from thisperiod
340、toconsolidation dateConsolidatedoperatingactivities cashflow from thisperiod toconsolidation dateOther explanation for business combination under the common control:6. Business combination not under the common control during the reporting periodUnit: RMBParty to be consolidatedAmount of goodwillCalc
341、ulation method for goodwillOther explanation for business combination not under the common control:50承德大路股份有限公司 2012 年半年度财务报告7. Loss of subsidiaries due to disposal of equity interests without controlling rights during the reporting periodSubsidiaryDisposal dateRecognition method for gains andlosses
342、Other explanation for loss of subsidiaries due to disposal of equity interests without controlling rights:8. Counter purchase occurred during the reporting periodCalculation method forBackdoorBasis for determination ofcounter purchaseDetermination method forconsolidated costsgoodwill recognized inco
343、nsolidation or recorded incurrent gains and lossesOther explanation for counter purchase:9. Absorption consolidation occurred during the reporting periodUnit: RMBTypes of absorption consolidationMajor assets consolidatedMajor liabilities consolidatedAbsorption consolidation under commoncontrolAbsorp
344、tion consolidation not undercommon controlItemItemAmountAmountItemItemAmountAmountOther explanation for absorption consolidation:10. Translation exchange rates for items in major statements of overseas operating entities(VII) Notes to major items in consolidated financial statements1. Monetary capit
345、alUnit: RMBAmount at period-endAmount at period-beginningItemCash:RMBBank deposits:RMBOriginal currency-Exchange rate-RMB conversion42,185.3842,185.381,458,163.531,421,094.78Originalcurrency-Exchangerate-RMB conversion103,766.34103,766.34468,956.88431,984.61USD5,258.26 6.324933,257.975,258.266.30093
346、3,131.77EUR105.827.871832.91105.828.1625863.76HKDJPY2,862.32 0.81528,092.00 0.07962,333.36644.512,862.328,092.000.81070.08112,320.48656.26Other monetary capital:RMBTotal-70,679.2970,679.291,571,028.20-4,944,969.074,944,969.075,517,692.2951ItemItem承德大路股份有限公司 2012 年半年度财务报告Separate explanation is requi
347、red for accounts with restricted application purposes, deposited overseas and of potentialrecovery risks arising from pledge, mortgage or frozen:2. Transactional financial assets(1) Transactional financial assetsUnit: RMBTransactional debt investmentsTransactional equity instrument investmentsFinanc
348、ial assets designated at fair value throughprofit and lossesDerivative financial assetsHedge instrumentsOthersFair value as at period-endFair value as at period-beginTotal0.000.00（2） realization of restricted transactional financial assetsUnit: RMBOther significant restrictions on restrictionconditi
349、ons for sale or realizationAmount as at period-end（3）Explanation for hedge instruments and related hedge transactions3. Notes receivables（1）Classification of notes receivablesUnit: RMBTypesTotal（2）Notes receivables pledged at period-endAmount at period-end0.00Amount at period-begin0.00IssuerTotalIss
350、ue date-Expiring date-Amount0.00Notes-Explanation:(3)Transfer of notes to notes receivable due to the issuers impossibility to perform its obligations, andun-matured notes endorsed to others by the Company as at the period-end52承德大路股份有限公司 2012 年半年度财务报告Unit: RMBTotalIssuerIssue date-Expiring date-Amo
351、unt0.00Notes-Explanation:Un-matured notes endorsed to others by the CompanyUnit: RMBTotalIssuerIssue date-Expiring date-Amount0.00Notes-Explanation:Explanation for commercial acceptance notes discounted or pledged:4. Dividend receivablesUnit: RMBItemsAmount atperiod-beginIncrease in this period Decr
352、ease in this period Amount at period-endDividend receivablesaging within 1 year0.000.000.000.00Including:Dividend receivablesaging over 1 yearIncluding:Total-0.000.00-0.000.00-0.000.00-0.000.00Explanation:5. Interests receivables(1) Interests receivablesUnit: RMBItemsTotalAmount atperiod-begin0.00In
353、crease in this period0.00Decrease in thisperiod0.00Amount at period-end0.00(2)Overdue interestsUnit: RMBLoan providerTotalTimes overdue (days)-Overdue interests0.0053承德大路股份有限公司 2012 年半年度财务报告(3)Explanation for interests receivables6. Account receivables（1）account receivables disclosed by categoriesUn
354、it: RMBAmount at period-endAmount at period-beginCategoriesBook balanceBad debt reserveBook balanceBad debt reserveAmountProportion(%)AmountProportion(%)AmountProportion(%)AmountProportion(%)Account receivablewith single significantamount and withdrawal0.000%0.000%0.000%0.000%bad debt provisionsepar
355、atelyAccount receivable provided for bad debt provision by groupSubtotal of group0.000%0.000%0.000%0.000%Account receivablewith single minoramount but withdrawal0.000%0.000%0.000%0.000%bad debt provisionseparatelyTotal0.00-0.00-0.00-0.00-Explanation for category of account receivables:Account receiv
356、able with single significant amount and withdrawal bad debt provision separately Applicable Non-applicableUnit: RMBContents of account receivablesTotalBook balance0.00Bad debt provision0.00Provisionproportion-Reason forprovisionAccount receivable provided for bad debt reserve under aging analysis me
357、thod in the groups: Applicable Non-applicableUnit: RMBAmount at period-endAmount at period-beginAgingBook balanceProportionAmount(%)bad debt reserveBook balanceProportion bad debt reserveAmount(%)within 1 yearIncluding:Subtotal ofwithin 1 year-0.00-0%-0.00-0.00-0%-0.001-2 years2-3 years54承德大路股份有限公司
358、2012 年半年度财务报告Over 3 years3-4 years4-5 yearsOver 5 yearsTotal0.00-0.000.00-0.00Account receivables provided for bad debt reserve under balance percentage method in the groups: Applicable Non-applicableUnit: RMBName of groupTotalBook balance0.00Provision proportion-Bad debt reserve0.00Account receivab
359、les provided for bad debt reserve under other method in the groups: Applicable Non-applicableUnit: RMBName of groupTotalBook balance0.00Bad debt reserve0.00Account receivable with single minor amount but withdrawal bad debt provision separately as at period-end Applicable Non-applicableUnit: RMBCont
360、ents of accountreceivablesTotalBook balance0.00Bad debt provision0.00Provision proportion0%Reason for provision-（2）Reversal or recovery of account receivables during the reporting periodUnit: RMBBasis forAccumulatedContents of accountReason for reversaldetermination ofprovision of bad debt Amounts r
361、eversed orreceivablesof recoveryoriginal bad debtreserve before reversalrecoveredreserveor reoveryTotal-0.00-Provision for bad debt reserve for account receivable with single significant or minor amount but tested for impairmentseparately as at period-end:Contents of accountreceivablesTotalBook bala
362、nce0.00Bad debt amount0.00Provision proportion(%)-Reasons-Explanation for account receivable with single minor amount while the risks of the group categorized with similar riskcharacteristics are relative significant:55Item承德大路股份有限公司 2012 年半年度财务报告（3）Account receivables actually written-off during th
363、e reporting periodUnit: RMBName of unittotalNature of accountreceivables-Time of write-off-Amount writtenoff0.00Reason forwrite-off-Whether arisingfrom relatedtransactions-Explanation for write-off of account receivables:（4）Account receivables due from the shareholders holding 5% or above voting sha
364、res of the Company duringthe reporting periodApplicableNon-applicableUnit: RMBName of unitAmount at period-endBook balance Dad debt provisionAmount at period-beginBook balance Dad debt provisionTotal0.000.000.000.00（5）Top 5 account receivableUnit: RMBName of the companyTotalRelationship with theComp
365、any-Amount0.00Terms-Proportion in totalaccount receivables(%)0%（6）Account receivables due from related partiesUnit: RMBName of the companyTotalRelationship with theCompany-Amount0.00Proportion in total accountreceivables (%)0%（7）Account receivables derecognizedUnit: RMBDe-recognition amountGains or
366、losses related to derecognitionTotal0.000.0056承德大路股份有限公司 2012 年半年度财务报告（8）As for securities with account receivables as target subject, list the assets and liabilities arising from furtherinvolvementUnit: RMBItemAssets:Assets subtotalLiabilities:Liabilities subtotalPeriod-end0.000.007. Other receivab
367、les（1）Disclosure of other receivables by categoryUnit: RMBAmount at period-endAmount at period-beginCategoriesBook balanceBad debt reserveBook balanceBad debt reserveAmountProportion(%)AmountProportion(%)AmountProportion(%)AmountProportion(%)Other receivable withsingle significantamount andwithdrawa
368、l bad debt74,832,730.7694.35%44,196,901.2659.06%74,832,730.7695.93%44,196,901.2659.06%provision separatelyOther receivable provided for bad debt provision by groupGroup by book aginganalysisSubtotal of group4,480,543.734,480,543.735.65% 175,589.565.65% 175,589.563.92%3.92%3,171,902.313,171,902.314.0
369、7%4.07%175,589.56175,589.565.54%5.54%Other receivable withsingle minor amountwhile withdrawal bad0.000.000.000.00debt provisionseparatelyTotal79,313,274.49-44,372,490.82-78,004,633.07-44,372,490.82-Explanation for types of other receivables:The definition for account receivables with significant sin
370、gle amount determined by the Company based on itsoperation scale and business nature is RMB1 million. As for account receivables with significant single amount, if noimpairment is found after impairment test in respect of separate item, the Company will provide for bad debt reserve byaging percentag
371、e method.As for account receivables without significant single amount while risk of group which is categorized by riskcharacteristics is relatively significant, reference for determination of such group is existence of obvious characteristicsshowing difficulty to recover such account receivables agi
372、ng over 3 years.57-承德大路股份有限公司 2012 年半年度财务报告Other receivable with single significant amount and withdrawal bad debt provision separately Applicable Non-applicableUnit: RMBContents of otherreceivablesBook balanceBad debtProvision proportionReasonChengde Dahua PaperCo., Ltd.Come-and-go accountsamong ma
373、nagement44,196,901.2630,635,829.5044,196,901.260.00Stopped operation for100% years, thus it wasdifficult to recover0%Total74,832,730.7644,196,901.26-Other receivable provided for bad debt reserve under aging analysis method in the groups: Applicable Non-applicableUnit: RMBperiod-endBook balanceperio
374、d-beginBook balanceAgingAmountProport bad debt reserveionAmountProportionbad debt reservewithin 1 yearIncluding:(%)(%)4,444,809.78 99.2%156,808.413,136,168.3698.87%156,808.41Subtotal of within 1year4,444,809.78 99.2%156,808.413,136,168.3698.87%156,808.411-2 years2-3 years2,049.00 0.05%30,627.20 0.68
375、%409.8015,313.602,049.00 0.06%30,627.20 0.97%409.8015,313.60Over 3 years3,057.75 0.07%3,057.753,057.750.1%3,057.753-4 years4-5 yearsOver 5 yearsTotal4,480,543.73175,589.563,171,902.31175,589.56Other receivables provided for bad debt reserve under balance percentage method in the groups: Applicable N
376、on-applicableUnit: RMBName of groupTotalBook balance0.00Provision proportion-Bad debt reserve0.00Other receivables provided for bad debt reserve under other method in the groups: Applicable Non-applicableUnit: RMBName of groupBook balanceBad debt reserve58承德大路股份有限公司 2012 年半年度财务报告Total0.000.00Other r
377、eceivable with single minor amount but withdrawal bad debt provision separately as at period-end Applicable Non-applicableUnit: RMBContents of otherreceivablesTotalBook balance0.00Bad debt provision0.00Provision proportionReason for provision-（2）Reversal or recovery of other receivables during the r
378、eporting periodUnit: RMBBasis forAccumulatedContents of otherReason for reversaldetermination ofprovision of bad debt Amounts reversed orreceivablesof recoveryoriginal bad debtreserve before reversalrecoveredreserveor recoveryTotal-0.00-Provision for bad debt reserve for other receivable with single
379、 significant or minor amount but tested for impairmentseparately as at period-end:Contents of accountreceivablesTotalBook balance0.00Bad debt amount0.00Provision proportion(%)-Reasons-Explanation for other receivable with single minor amount while the risks of the group categorized with similar risk
380、characteristics are relative significant:（3）Other receivables actually written-off during the reporting periodUnit: RMBName of unitTotalNature of otherreceivables-Time of write-off-Amount writtenoff0.00Reason forwrite-off-Whether arising fromrelated transactions-Explanation for write-off of other re
381、ceivables:（4）Other receivables due from the shareholders holding 5% or above voting shares of the Company during thereporting period ApplicableNon-applicableUnit: RMBAmount at period-endAmount at period-beginName of unitBook balanceProvision of baddebtBook balanceProvision of baddebt59123412345Item承
382、德大路股份有限公司 2012 年半年度财务报告Total0.000.000.000.00（5）Nature or content of other receivables with significant amountUnit: RMBName of the companyAmountNature or content ofaccountProportion in total otherreceivables (%)44,196,901.26 Current account27,490,334.30 Current account2,859,600.00 Current account2,54
383、0,000.00 Current account55.72%34.66%3.61%3.2%Total77,086,835.56-97.19%Explanation:（6）Top 5 other receivableUnit: RMBName of the companyRelationship with theCompanyAmountTermsProportion in totalaccount receivables(%)Associated companyNon-related partyNon-related partyNon-related partyNon-related part
384、y44,196,901.26 Over 3 years27,490,334.30 Within 3 years2,859,600.00 2- 3 years2,540,000.00 Within 1 year285,895.20 Within 1 year55.72%34.66%3.61%3.2%0.36%Total-77,372,730.76-97.55%（7）Other receivables due from related partiesUnit: RMBName of the companyChengde Dahua Paper Co.,Ltd.Relationship with t
385、heCompanyAssociated companyAmount44,196,901.26Proportion in total otherreceivables (%)55.72%Suning Banhe ChemicalFiber Emulation TextileCo., Ltd.TotalAssociated company-15,361.0044,212,262.260.02%55.74%（8）Other receivables derecognizedUnit: RMBDe-recognition amountGains or losses related to de-recog
386、nitionTotal0.000.0060承德大路股份有限公司 2012 年半年度财务报告（9）As for securities with other receivables as target subject, list the assets and liabilities arising from furtherinvolvementUnit: RMBItemAssets:Assets subtotalLiabilities:Liabilities subtotalPeriod-end0.000.008. Payment in advance（1）Analysis of payments
387、 in advance by agingUnit: RMBAmount at period-endAmount at period-beginAgingwithin 1 yearAmount403,564.00proportion（%）1.97%Amount974,464.00proportion（%）4.63%1-2 years2-3 yearsOver 3 yearsTotal20,084,632.2520,488,196.2598.03%-20,084,632.2521,059,096.2595.37%-Explanation for aging analysis of payments
388、 in advance:（2）Top 5 of payments in advanceUnit: RMBName of the companyRelationship with theCompanyAmountTimeReason forunsettlementPayment for landThe Finance Bureau ofXiabanchengNon-related party20,084,632.25acquisition (ownerstitle has not beenobtained)Dalu Qianyuanconstruction teamNon-related par
389、ty167,985.59Engineering accountChengde XingchengConstructionInstallmentNon-related party112,951.90Engineering accountEngineering Co., Ltd.Residential propertyguarantee companyNon-related party67,000.00Deposit61承德大路股份有限公司 2012 年半年度财务报告Chengde YongwangConstructionInstallmentNon-related party42,654.87E
390、ngineering accountEngineering Co., Ltd.Total-20,475,224.61-Explanation for major units paid in advance:（3）Shareholders holding 5% or above voting shares of the Company in payments in advance during thereporting period ApplicableNon-applicableUnit: RMBAmount at period-endAmount at period-beginTotalNa
391、me of companyBook balance0.00Provision of baddebt0.00Book balance0.00Provision of baddebt0.00（4）Explanation for payment in advance9. Inventory(1) Classification of inventoryUnit: RMBAmount at period-endAmount at period-beginItemRaw materialsProducts inprogressGoods in stockTurnover materialsConsumpt
392、ionbiological assetsBook balance0.000.000.000.000.00devaluationprovision0.000.000.000.000.00Book value0.000.000.000.000.00Book balance0.000.000.000.000.00devaluationprovision0.000.000.000.000.00Book value0.000.000.000.000.00Development costs45,537,159.7445,537,159.74 28,730,807.4228,730,807.42Planne
393、ddevelopment10,967,992.8510,967,992.85 10,967,992.8510,967,992.85productsTotal56,505,152.590.00 56,505,152.59 39,698,800.270.00 39,698,800.27(2) Inventory devaluation provisionUnit: RMBCategories ofBook balance atProvision for theDecrease for the periodBook balance at62ItemItemItem承德大路股份有限公司 2012 年半
394、年度财务报告inventoryperiod-beginperiodReversalWritten-offperiod-endRaw materialsProducts in progressGoods in stockTurnover materialsConsumptionbiological assets0.000.000.000.000.000.000.000.000.000.00Total0.000.000.000.000.00(3) Particulars about inventory devaluation provisionReference for provision ofi
395、nventory devaluationprovisionReason for reversal ofinventory devaluationprovision for the periodThe proportion of reversalfor the period to theperiod-end balance ofinventoryRaw materialsGoods in stockProducts in progressTurnover materialsConsumption biologicalassetsExplanation for inventory:10. Othe
396、r current assetsUnit: RMBAmount at period-endAmount at period-beginDebt credit acquiredTotal1,093,527.391,093,527.391,093,527.391,093,527.39Explanation for other current assets:11. Financial assets available-for-sale(1) Financial assets available-for-saleUnit: RMBBonds available-for-saleEquity instr
397、ument available-for-saleOtherFair value at period-endFair value at period-beginTotal0.000.00Investment held-to-maturity was reclassified into financial assets available-for-sale in the period, with reclassificationamount of RMB0.00, accounting for 0% of total investment held-to-maturity before recla
398、ssification.Explanation for financial assets available-for-sale(2)Long-term debt investments in financial assets available-for-saleUnit: RMBDebt itemType ofCarryingInitialMaturityBalance at Interests for Accumulate Balance at63ItemType承德大路股份有限公司 2012 年半年度财务报告bondvalueinvestmentdateperiod-begi the pe
399、riodd accruedperiod-endcostnandreceivedinterestsTotal-0.00-0.000.000.000.00Explanation for long-term debt investments in financial assets available-for-sale:12. Held-to-maturity investment(1) Held-to-maturity investmentUnit: RMBBook balance at period-endBook balance at period-begintotal0.000.00Expla
400、nation for held-to-maturity investment:(2) Held-to-maturity investment disposed and un-matured in the reporting periodUnit: RMBItemtotalAmount0.00Proportion to the amount of investment beforedisposal (%)-Explanation for held-to-maturity investment disposed and un-matured in the reporting period:13.
401、Long term account receivablesUnit: RMBFinancing leaseIncluding: unrealized financingincomeSales of goods with collection ininstalmentProvision of labor service withcollection in instalmentOtherAmount at period-endAmount at period-begintotal0.000.0014. Investment in joint venture and associated compa
402、nyUnit: RMBProportion ofInvesteeType of Registe Legal Busine Registeenterpri red represe ss redse place ntative nature capitalShareholdingcurrenc held byy theCompany (%)votingrightheld bytheCompany inTotal Totalassets liabilitiat es atperiod- period-end endTotal Totalnet operati Netassets on profita
403、t income for theperiod- for the periodend periodinvestee64承德大路股份有限公司 2012 年半年度财务报告I. Joint ventureII. Associate companyChengdeDahuaPaperCo.,Company withlimitedliabilityChdengde,HebeiShiBainianPaper 6,364,0product 00,000. JPYion 0045%266,9645% 9,909.27624,579.62266,345,329.65Ltd.SuningBanheChemical C
404、ompaFiber ny with Suning,Emulat limited Hebeiion liabilityWang ClothesZhengs productong s29,000,000.00USD20%20%TextileCo.,Ltd.Explanation for material difference between material accounting policy and accounting estimation of joint ventures andassociated company and the Company:Chengde Dahua Paper C
405、o., Ltd.(hereinafter referred to as “Dahua Paper”)was established by the Company and JapanPapering Corporation(hereinafter referred to as “Japan Papering”), with original registered capital of USD5 million.Upon equity transfer and capital increase, the registered capital of Dahua Paper was JPY6.364
406、billion, includingsubscription contribution of JPY2.864 billion from Chengde Cingye Papering Co., Ltd. and JPY3.5 billion from JapanNew Century Trade Corporation. The capital increase of Dahua Papering has not been verified yet, and such equitytransfer has not completed registration procedures. Due
407、to not submitting annual review materials for industry andcommercial registration in 2007, Dahua Paper was revoked with business license by Chengde Industry and CommercialAdministration Bureau on 28 April 2009 by issuance of administrative punishment document CGSCZi No.75(2009).Suning Banhe Chemical
408、 Fiber Emulation Textile Co., Ltd. has stopped operation for years due to disposal of keyproduction equipments attributable to involvement in legal cases. The Company made impairment provision in fullfor its long term equity investment in 2006. The Company didnt obtain financial statement of Suning
409、BanheChemical Fiber Emulation Textile Co., Ltd. for this reporting period.15. Long term equity investment65承德大路股份有限公司 2012 年半年度财务报告(1)Particulars about long term equity investmentUnit: RMBExplanation forInvesteeCalcula Initial Balance attion investme period-begimethod nt cost nChan Balance atge peri
410、od-endShareholding heldininvestee(%)Proportio inconsistn of encevoting betweenrights in shareholdinvestee ing and(%) votingImpairmentprovisionImpairmentprovisionprovidedfor theperiodCashdividend fortheperiodrights ininvesteeSuningBanheChemicalFiberEmulCostmethod46,980,0 46,980,00000.00 .0046,980,000
411、.0020%20%46,980,000.00ationTextile Co.,Ltd.ChengdeDahuaPaperCostmethod206,215, 206,215,72729.65 9.65206,215,729.6545%45%204,000,000.00Co.,Ltd.HebeiXiabanchengTextil Coste methodClothesCo.,441,303, 441,303,75759.82 9.82441,303,759.82100%Declaredbankruptcy,pendingfor finalsettlement441,303,759.82Ltd.C
412、hengdeDeclaredbankruptDixianTextilCostmethod200,051, 200,051,55551.11 1.11200,051,551.11100%cy,pendingfor final200,051,551.11e Co.,Ltd.settlementtotal-894,551, 894,551,04040.58 0.580.00894,551,040.58-892,335,310.930.000.0066承德大路股份有限公司 2012 年半年度财务报告(2)Restriction on transferring capital to investment
413、 enterpriseUnit: RMBLong term equity investment subjectto restriction on transferring capital toinvestment enterpriseReason for restrictionAccumulated unrecognized investmentloss for the periodExplanation for long term equity investment:16. Investment property(1) Investment property measured by cost
414、 Applicable Non-applicableUnit: RMBItemI. Total originalbook valueBook balance atperiod-begin0.00Increase for the period0.00Decrease for theperiod0.00Book balance atperiod-end0.001. Buildings andconstructions2.Land use rightII. Totalaccumulateddepreciation and0.000.000.000.00amortization1. Buildings
415、 andconstructions2.Land use rightIII. Total net bookvalue ofinvestment0.000.000.000.00property1. Buildings andconstructions2.Land use rightIV. Totalaccumulatedimpairmentprovision of0.000.000.000.00investmentproperty1. Buildings andconstructions2.Land use rightV. Total bookvalue ofinvestment0.000.000
416、.000.00property1. Buildings andconstructions67at承德大路股份有限公司 2012 年半年度财务报告2.Land use rightUnit: RMBThe current periodDepreciation and amortization for the periodImpairment provision for investment property for the period(2)Investment property measured by fair value Applicable Non-applicableUnit: RMBIn
417、crease for the periodDecrease for the periodItemFair valueatperiod-begi PurchasenTransferredfromself-useproperty orinventoryGains andlosses fromchange offair valueDisposalFair valueTransferredto self-use period-endproperty1. Total costs0.000.000.000.000.000.000.00(1) Buildings andconstructions(2)Lan
418、d use right(3)Others2. Total change of fair value0.000.000.000.000.000.000.00(1) Buildings andconstructions(2)Land use right(3)Others3. Total book value ofinvestment property0.000.000.000.000.000.000.00(1) Buildings andconstructions(2)Land use right(3)OthersExplain investment property which changed
419、measurement method and which didnt obtain owners title, and explain thereason for such failure to obtain owners title and estimated time to obtain:17. Fixed assets(1)Fixed assetsUnit: RMBItemI. Total original bookvalue:Including: Buildings andconstructionsBook balance atperiod-begin122,712,609.00111
420、,296,195.05Increase for the period102,569.50Decrease for theperiod25,219,414.5025,219,414.50Book balance atperiod-end97,595,764.0086,076,780.55Machine equipmentsTransportationvehicles11,133,781.66102,569.5011,236,351.1668-承德大路股份有限公司 2012 年半年度财务报告Electrical equipments282,632.29282,632.29Book balance
421、at Increase for the Provision for theperiod-begin period periodDecrease for theperiodBook balance atperiod-endII. Total accumulateddepreciationIncluding: Buildings andconstructions27,259,039.4818,513,213.450.001,393,840.971,367,892.595,553,576.935,553,576.9323,099,303.5214,327,529.11Machine equipmen
422、tsTransportationvehiclesElectrical equipmentsIII. Total net book valueof fixed assetsIncluding: Buildings andconstructions8,675,216.1770,609.86Book balance atperiod-begin95,453,569.5292,782,981.6020,627.405,320.988,695,843.5775,930.84Book balance atperiod-end74,496,460.4871,749,251.44Machine equipme
423、ntsTransportationvehiclesElectrical equipmentsIV. Total impairmentprovisionIncluding: Buildings andconstructionsMachine equipmentsTransportationvehiclesElectrical equipmentsV. Total book value offixed assetsIncluding: Buildings andconstructionsMachine equipmentsTransportationvehiclesElectrical equip
424、ments2,458,565.49212,022.4335,361,563.0133,129,463.592,117,353.38114,746.0460,092,006.5159,653,518.01341,212.1197,276.392,540,507.59206,701.4524,458,327.0722,226,227.652,117,353.38114,746.0450,038,133.4149,523,023.79423,154.2191,955.41Depreciation for the period was RMB 1,393,840.97; original value
425、of construction in progress transferred into fixedassets was RMB0.00.(2)Idle fixed assets provisionallyUnit: RMBItemBuildings andconstructionsOriginal bookvalue79,541,707.92Accumulateddepreciation13,696,953.11Impairmentprovision22,226,227.65Net book value43,618,527.16NotesMainly includedidle plantsM
426、achineequipments0.00Transportation10,802,089.948,622,977.272,117,353.3861,759.2969Item承德大路股份有限公司 2012 年半年度财务报告vehiclesElectricalequipments170,613.5055,867.46114,746.040.00(3)Fixed assets leased in by financing leasing Applicable Non-applicableUnit: RMBItemBuildings and constructionsMachine equipment
427、sTransportation vehiclesOriginal book valueAccumulated depreciationNet book value0.000.000.00(4)Fixed assets leased out by operating leasing Applicable Non-applicable(5)Fixed assets held for sale at period-endUnit: RMBItemBook valueFair valueEstimated disposal feeEstimated disposaltime(6)Fixed asset
428、s without completion of owners titleReason for failure to completeprocedure for owners titleEstimated time to completeExplanation for fixed assets:18. Construction in progress（1）Unit: RMBAmount at period-endAmount at period-beginItemBook balanceImpairmentprovisionBook value Book balanceImpairmentpro
429、visionBook valuePapering projectThermal planttotal242,855,959. 238,027,341.62 6216,752,062.4 14,858,862.42 2259,608,022. 252,886,204.04 044,828,618.001,893,200.006,721,818.00242,855,959. 238,027,341.62 6216,752,062.4 14,858,862.42 2259,608,022. 252,886,204.04 044,828,618.001,893,200.006,721,818.0070
430、承德大路股份有限公司 2012 年半年度财务报告(2)Change of significant construction in progressUnit: RMBProjectIncludin CapitalizIte Budgm etAmount atperiod-beginIncreas Transferree for d intothe fixedperiod assetsinputOther takingdecreas proportioe n ofbudgetprogressAccumulatecapitalizedinterestsg: ecapitaliz interest C
431、apitale rate for resourceinterests the sfor the periodAmountatperiod-end(%)period(%)total0.000.000.000.000.00-0.000.00-0.00Explanation for change of construction in progress:(3)Impairment provision of construction in progressUnit:RMBItemPaper-makingprojectThermal powerstationsTotalAmounts atperiod-b
432、egin238,027,341.6214,858,862.42252,886,204.04Increased in thisperiod0.00Decreased in thisperiod0.00Amounts atperiod-end238,027,341.6214,858,862.42252,886,204.04Reason for provisionSuspension for manyyearsSuspension for manyyears-(4)Progress of material construction in progressItemProgressRemark(5)Ex
433、planation of construction in process19. Construction materialsUnit: RMBTotalItemAmounts atperiod-begin0.00Increased in thisperiod0.00Decreased in thisperiod0.00Amounts at period-end0.00Explanation on construction materials:20. Disposal of fixed assetsUnit: RMBItemBook value atperiod-beginBook value
434、at period-endReasons for turn to disposal71承德大路股份有限公司 2012 年半年度财务报告Total0.000.00-Explain the progress of disposal of fixed assets for which thetransferring intodisposal of fixed assets has been over one year:21. Productive biological assets(1) Measured by costApplicable Non-applicableUnit: RMBItemBo
435、ok balance atperiod-beginIncreased in this periodDecreased in this periodBook balance atperiod-endI. PlantationII. Animal husbandryIII. ForestryIV. AquacultureTotal0.000.000.000.00(2)Measured by fair valueApplicable Non-applicableUnit: RMBItemBook value atperiod-beginIncreased in this periodDecrease
436、d in this periodBook value atperiod-endI. PlantationII. Animal husbandryIII. ForestryIV. AquacultureTotal0.000.000.000.00Explanation onproductive biological assets22. Oil and gas assetUnit: RMBItemBook balance atperiod-beginIncreased in this period Decreased in this periodBook balance atperiod-endI.
437、 Total original book value0.000.000.000.001. Equity of mineexploitation2. Equity of mine72承德大路股份有限公司 2012 年半年度财务报告un-exploited3. Well and relevantequipmentII. Total consumptionaccumulative0.000.000.000.001. Equity of mineexploitation2. Well and relevantequipmentIII. Total impairment of oiland gas as
438、sets accumulative0.000.000.000.001. Equity of mineexploitation2. Equity of mineun-exploited3. Well and relevantequipmentIV. Total book value of oiland gas assets0.000.000.000.001. Equity of mineexploitation2. Equity of mineun-exploited3. Well and relevantequipmentExplanation on oil and gas assets:23
439、. Intangible assets(1)Particular aboutintangible assetsUnit: RMBItemI. Total of original valueCheng Xian TuGuo Yong(2000) Zi No. 169Cheng Xian TuGuo Yong(2000) Zi No. 410Cheng Xian TuGuo Yong(2001) Zi No. 133Cheng De Xian TuGuoYong (2000) Zi No. 152Cheng De Xian TuGuoYong (2000) Zi No. 151II. Total
440、accumulatedamortizationCheng Xian TuGuo Yong(2000) Zi No. 169Cheng Xian TuGuo Yong(2000) Zi No. 410Cheng Xian TuGuo Yong(2001) Zi No. 133Book balance atperiod-begin31,075,075.638,718,530.30912,279.368,702,035.522,782,907.209,959,323.256,872,796.381,928,255.35201,766.641,924,607.28Increased in this p
441、eriod0.00310,750.7487,185.289,122.8287,020.34Decreased in this period0.000.00Book balance atperiod-end31,075,075.638,718,530.30912,279.368,702,035.522,782,907.209,959,323.257,183,547.122,015,440.63210,889.462,011,627.6273承德大路股份有限公司 2012 年半年度财务报告Cheng De Xian TuGuoYong (2000) Zi No. 152Cheng De Xian
442、TuGuoYong (2000) Zi No. 151615,488.632,202,678.4827,829.0899,593.22643,317.712,302,271.70III. Total net book valueofintangible assetsCheng Xian TuGuo Yong(2000) Zi No. 169Cheng Xian TuGuo Yong(2000) Zi No. 410Cheng Xian TuGuo Yong(2001) Zi No. 13324,202,279.256,790,274.95710,512.726,777,428.240.000.
443、0023,891,528.516,703,089.67701,389.906,690,407.90Cheng De XianTuGuoYong (2000) Zi No.152Cheng De Xian TuGuoYong (2000) Zi No. 1512,167,418.577,756,644.772,139,589.497,657,051.55IV. Total impairmentprovisions0.000.000.000.00Cheng Xian TuGuo Yong(2000) Zi No. 169Cheng Xian TuGuo Yong(2000) Zi No. 410C
444、heng Xian TuGuo Yong(2001) Zi No. 133Cheng De Xian TuGuoYong (2000) Zi No. 152Cheng De Xian TuGuoYong (2000) Zi No. 151Total of intangible assetbook valueCheng Xian TuGuo Yong(2000) Zi No. 169Cheng Xian TuGuo Yong(2000) Zi No. 410Cheng Xian TuGuo Yong(2001) Zi No. 133Cheng De Xian TuGuoYong (2000) Z
445、i No. 152Cheng De Xian TuGuoYong (2000) Zi No. 15124,202,279.256,790,274.95710,512.726,777,428.242,167,418.577,756,644.770.000.0023,891,528.516,703,089.67701,389.906,690,407.902,139,589.497,657,051.55The amount amortized in this period isRMB28,749.96.(2)Expenditure of project development of the Comp
446、anyUnit: RMBItemAmounts atperiod-beginIncreased in thisperiodDecreased in this periodIncluded into current Recognized asprofit or loss intangible assetsAmounts atperiod-endTotal0.000.000.000.000.00The proportion of development expenditure of total expenditure in R&D projects in reporting period.The
447、proportion of intangible assets formed by internal R&D of total book value of intangible assets at period-end.Explanation on project development of the Company, development projects, including single price over RMB 1 million in this period74承德大路股份有限公司 2012 年半年度财务报告andthe assessment price has been ke
448、pt in book, should disclose thename of assessment institution andmethod of assessment:(3)Intangible assets without property certificate obtained24. GoodwillUnit: RMBThe nameofinvested unitor thematters forminggoodwillTotalBalance atperiod-begin0.00Increased in thisperiod0.00Decreased in thisperiod0.
449、00Balance atperiod-end0.00Impairmentprovision atperiod-end0.00Explain the impairment testing method andwithdrawal method for impairment provision of goodwill:25. Long-term deferred expenseUnit: RMBItemAmounts atperiod-beginIncreased amountin this periodAmortisedamount in thisperiodOther decreasedamo
450、untAmounts atperiod-endReason for otherdecreaseOfficerenovation356,640.0035,664.00320,976.00expenseTotal356,640.000.0035,664.000.00320,976.00-Explanation on long-term deferred expense:26. Deferred income tax assets and deferred income taxliabilities(1)Net amount of deferred income tax assets and def
451、erred income taxliabilities before deduction Applicable Non-applicable(2)Net amount of deferred income tax assets and deferred income taxliabilities after deduction Applicable Non-applicableExplanation on deferred income tax assets and deferred income taxliabilities:27. Breakdown ofasset impairment
452、provisionUnit: RMBItemI. Bad debt provisionBook balance atperiod-begin44,372,490.82Increased in thisperiodDecreased in this periodReversal Written-offBook balance atperiod-end44,372,490.82II. Inventory devalueprovision0.000.000.000.000.00III. Impairment provision forfinancial assets available for75I
453、temItem承德大路股份有限公司 2012 年半年度财务报告saleIV. Impairment provision forinvestment held to maturityV. Impairment provision forlong-term equity investment892,335,310.930.00892,335,310.93VI. Impairmentprovisionforinvestmentreal0.000.000.00estateVII. Impairmentprovisionforfixed asset35,361,563.0110,903,235.9424
454、,458,327.07VIII. Impairment provisionfor construction materialsIX. Impairment provisionforconstructioninprocess252,886,204.040.00252,886,204.04X. Impairment provisionforproductive biologicalassetsIncluding: Impairmentprovision formatureproductive biologicalassetsXI. Impairment provision foroil and g
455、as assetsXII. Impairment provision forintangible assetsXIII. Goodwillimpairmentprovision0.000.000.000.000.000.000.00XIV. OtherTotal1,224,955,568.800.000.0010,903,235.941,214,052,332.86Explanation on breakdown of asset impairment provision:28. Other non-current assetsUnit: RMBAmounts at period-endAmo
456、unts at period-beginHouse and buildingsLanduse rightTotal779,288.1924,353,650.7625,132,938.95779,288.1923,653,650.7624,432,938.95Explanation onother non-current assets:29. Short-term loans(1)Classification of short-term loansUnit: RMBPledged loansSecured loansGuaranteedloansAmounts at period-endAmou
457、nts at period-beginCredit loans422,261.91422,261.9176ItemTypeItem承德大路股份有限公司 2012 年半年度财务报告Total422,261.91422,261.91Explanation onclassification of short-term loans:The Companys creditloanswerevariousloansborrowed fromFinance BureauofChengde County, which wereoutstandingand overduefor many years.Thepr
458、incipalamountoforiginal loansare RMB21,113,095.50, the Companys repayable amountis RMB422,261.91, which wascalculated pursuant tothefinalized settlement percentage of 2% based onbankruptcy andrestructuringin 2009.(2)Short-term loans un-paid by expiredUnit: RMBTotalLoan unitLoan amount0.00Loan rates-
459、Use of loan funds-Reasons for un-paid byexpired-Anticipated payment date-An amount has been paid after balance sheet date.Explanation on short-term loans,including those expired short-term loans which have been extended, explain the extension conditionand new expiration date:30. Transactional financ
460、ialliabilitiesUnit: RMBTransactional bonds issuedFinancial liability designated through fair valueand variation of fair value recon into currentprofit or lossDerivative financial liabilityOther financial liabilityFair value at period-endFair value at period-beginTotal0.000.00Explanation on transacti
461、onal financialliabilities:31. Note payableUnit: RMBCommercial promissory notesBank promissory notesAmounts at period-endAmounts at period-beginTotal0.000.00Amount expired in next accounting period: RMB.Explanation on note payable:32. Account payables(1)Unit: RMBAmounts at period-endAmounts at period
462、-beginWithin 1 yearOver 1 year994,267.40231,075.82100.00231,075.8277Item承德大路股份有限公司 2012 年半年度财务报告Total1,225,343.22231,175.82(2)Accounts received in advance to shareholders holding 5% or above voting shares of the Company duringthis period Applicable Non-applicableUnit: RMBTotalUnit nameAmounts at per
463、iod-end0.00Amounts at period-begin0.00Explanation on major account payable with age over one year:33. Account received in advance(1)Unit: RMBAmounts at period-endAmounts at period-beginWithin 1 yearTotal54,821,272.5054,821,272.5030,028,613.0230,028,613.02(2) Accounts received in advance to sharehold
464、ers holding 5% or above voting shares of the Companyduring this period Applicable Non-applicableUnit: RMBTotalUnit nameAmounts at period-end0.00Amounts at period-begin0.00Explanation on major account received in advance withage over one year:34. Remuneration due to employeesUnit: RMBItemBook balance
465、 atperiod-beginIncreased in this periodDecreased in this periodBook balance atperiod-endI. Wage, bonus,allowance and377,800.00635,576.90995,576.9017,800.00subsidyII. EmployeeswelfareIII. Social securitySocial insurance ofemployees231,185.60231,185.6039,811.7239,811.72209,648.26209,648.2661,349.0661,
466、349.06IV. Housingprovident fundV. Compensation forterminationVI. Other6,098,896.600.001,410.006,097,486.6078ItemItem承德大路股份有限公司 2012 年半年度财务报告Others foremployees6,098,896.601,410.006,097,486.60Total6,707,882.20675,388.621,206,635.166,176,635.66The amount within remuneration due to employees of the nat
467、ure of arrears.Outlay for labor union and staff educational charge amounting as RMB; non-monetary welfare amounting as RMB and compensationfor dismiss of labor relationship amounting toRMB.Remuneration due to employees is expected to pay and the amount for payment:35. Tax payableUnit: RMBAmounts at
468、period-endAmounts at period-beginVATConsumption taxBusiness taxEnterprise income taxPersonal income taxCitymaintenanceandconstructiontaxland VATHouse title taxLand use taxOtherTotal-29,992.98-1,038,688.9653,748,673.54-11,109.75-787,977.193,513,019.7413,812,727.95-243,638.3668,963,013.99151,107.41-20
469、6,904.5654,549,500.9721,704.90-513,431.232,982,346.6612,492,077.71111,824.5369,588,226.39Explanation on tax payable: if the local taxation bureau agrees mutual adjustment between vary branches andplants, explain taxationcalculation:36. Interest payableUnit: RMBInterest of long-term loans of installm
470、ent and interestchargesCorporate bond interestInterest payable for short-term loansAmounts at period-endAmounts at period-beginTotal0.000.00Explanation on interest payable:37. Dividend payableUnit: RMBTotalUnit nameAmounts at period-end0.00Amounts at period-begin0.00Reasons for un-payment over oneye
471、ar-Explanation on dividend payable:79ItemItem承德大路股份有限公司 2012 年半年度财务报告38. Other payable(1)Unit: RMBAmounts at period-endAmounts at period-beginWithin 1 year1 - 2 years2 - 3 yearsOver 3 yearsTotal17,756,264.9212,199,349.3181,858,728.621,684,355.79113,498,698.6417,743,067.4115,286,349.3181,858,728.621,
472、684,355.79116,572,501.13(2) Other payable due to shareholders units holding 5% or more voting shares of the Company during thisperiod Applicable Non-applicableUnit: RMBTotalUnit nameAmounts at period-end0.00Amounts at period-begin0.00(3)Explanation on other account payable with the age over one year
473、Unit nameTrustee in ChengdeDixian Fashion Co.,Ltd.Balance at period-end26,410,000.00Reasons for unpaymentNot expiredTrusteeinChengdeBanheChemical19,750,000.00Not expiredSimulation Textile Co., Ltd.Shanghai Mineral Energy ElectricCo.,Ltd.12,000,000.00Loans not expiredTrusteeinHebeiXiabanCity8,760,000
474、.00Not expiredKnittingGarmentCo., Ltd.Zhang Xiao MingChengde county treasury payment centerLi YanChen Li PingTotal6,500,000.006,000,000.006,349,083.215,000,000.0090,769,083.21Loans not expiredCurrent accountLoans not expiredLoans not expired(4) Explanation on unit of major connected amount for other
475、 account payable39. Anticipated liabilityUnit: RMBAmounts at period-begin Increased in this period Decreased in this periodAmounts at period-endGuarantee provided80ItemItem承德大路股份有限公司 2012 年半年度财务报告externallyPending lawsuitProducts quality securityReorganization obligationDismiss welfareDeficit contra
476、ct to beimplementedOtherTotal0.000.000.000.00Explanation on anticipated liability:40. Non-current liability due within one year(1)Unit: RMBAmounts at period-endAmounts at period-beginLong-term loans due within one yearBond payable due within one yearLong-term account payable due within one yearTotal
477、0.000.000.000.000.000.000.000.00(2) Long-term loans due within one yearLong-term loans due within one yearUnit: RMBPledged loansSecured loansGuaranteed loansCredit loansAmounts at period-endAmounts at period-beginTotal0.000.00In long-term loans due within one year, amount of undue but with expansion
478、 time amounted to RMB.Top five long-term loans due within one yearUnit: RMBDate of loansStarting date Terminationfor loans date for loansCurrencyRate(%)Amounts at period-endForeign Localcurrency currencyAmounts at period-beginForeign Localcurrency currencyTotal-0.00-0.00Overdue loans in long-term lo
479、ans due within one year:Unit: RMBUnit of loansTotalAmount of loans0.00Undue date-Annual rate (%)-Use of loan fund-Reason foroverdue-Expectedpayment date-TotalingRMB has been paid after balance sheet date.81ItemItem承德大路股份有限公司 2012 年半年度财务报告Explanation on long-term loans due within one year:(3)Bond pay
480、able due within one yearUnit: RMBName ofbondNominalvalueDate ofissueTerm ofbondInterestAmount of payable atissue period-beginInterest Interest paid Interestpayable in in this payable atthis period period period-endBalance atperiod-endExplanation onbond payable due within one year:(4) Long-term accou
481、nt payable due within one yearUnit: RMBUnit of loansTermInitial amountRate(%)Interest payableBalance atperiod-endCondition forloansExplanation onlong-term account payable due within one year:41. Other current liabilityUnit: RMBBook balance at period-endBook balance at period-beginTotal0.000.00Explan
482、ation on other current liability:42. Long-term loan(1) Category of long-term loansUnit: RMBPledged loansSecured loansGuaranteed loansAmounts at period-endAmounts at period-beginCredit loansTotal6,801,600.006,801,600.006,801,600.006,801,600.00Explanation oncategory of long-term loans:On 28 December 2
483、005, the Finance Bureau ofChengde County released a treasury bond fund of RMB5million toChengdeXingye Papermaking Co., Ltd., a subsidiary of the Company,forpaper producing,water saving and comprehensive utilization of resourcespursuant to JiCaiJian 2005 No. 258.As it is hard to pay the principal and
484、 interests asa result of thatcompanys operating difficulties,the interests of such loan were RMB1,801,600.00, with principal and interests in aggregate wereRMB6,801,600.00 as at this period-end.82Unit承德大路股份有限公司 2012 年半年度财务报告(2) Top five long-term loansUnit: RMBUnit of loansStarting date Terminationf
485、or loans date for loansCurrencyRate (%)Amounts at period-endForeign Localcurrency currencyAmounts at period-beginForeign Localcurrency currencyFinanceBureauofChengdeCNY6,801,600.006,801,600.00CountyTotal-6,801,600.00-6,801,600.00Explanation on long-term loans: if there were long-term loans from undu
486、e with expansion obtained, explain the expansion condition,principle, interest andanticipated payment arrange:43. Bond payableUnit: RMBName ofbondNominalvalueDate ofissueTerm ofbondInterestAmount of payable atissue period-beginInterest Interest paid Interestpayable in in this payable atthis period p
487、eriod period-endBalance atperiod-endBond payable including convertible corporate bonds condition and time for shares transfer:44. Long-term account payable(1) Top five long-term account payableUnit: RMBUnitTermInitial amountRate (%)Interest payableBalance atperiod-endCondition forloans(2) Breakdown
488、of finance lease payable in long-term payableUnit: RMBAmounts at period-endForeign currency RMBAmounts at period-beginForeign currency RMBTotal0.000.000.000.00Amount of guarantee from independent third party for thefinance lease of the Company was RMB.Explanation on long-term payable:45. Specific ac
489、count payableUnit: RMBItemAmounts atperiod-beginIncreased in thisperiodDecreased inthis periodAmounts atperiod-endRemarks83Item0承德大路股份有限公司 2012 年半年度财务报告Paper producing, watersaving andcomprehensiveutilization ofresourcesDemonstration project forcomprehensiveutilization ofresource for waste paperrecy
490、cling industry chainFinance Bureau ofChengdeCounty7,500,000.003,000,000.0098,000.037,500,000.00 JiCaiJian2005 No. 2803,000,000.00 JiCaiJian2004 No.13498,000.03Total10,598,000.030.000.0010,598,000.03-Explanation on specific account payable:46. Other non-current liabilityUnit: RMBBook balance at perio
491、d-endBook balance at period-beginTotal0.000.00Other non-current liability, including various government subsidies related with assets and income as well as its balance atperiod-end:47. Share capitalUnit: RMBIncreased (decreased) in this yearAmounts atperiod-beginNew sharesissuedSharesBonus shares co
492、nverted fromprovident fundOtherSub-totalAmounts atperiod-endTotal numberof shares706,320,000706,320,000Explanation on share capital changes, if there were capital increase/decrease in this reporting period, the CPAs name and verificationdocuments should bedisclosed; for the companieswith limited lia
493、bilities withoperation less than 3 years, the net assetsshould beexplained before establishment; for those companieswith limited liabilitiestransformedintojoint stock companies, explain theverification condition while established:48. Treasury sharesExplanation on treasury shares:49. Specific reserve
494、Explanation onspecific reserve:50. CapitalreservesUnit: RMB84-承德大路股份有限公司 2012 年半年度财务报告ItemCapital premium (Share capitalpremium)Other capital reserveAmounts at period-begin Increased in this period391,996,587.9658,768,855.14Decreased in thisperiodAmounts atperiod-end391,996,587.9658,768,855.14Total4
495、50,765,443.100.000.00450,765,443.10Explanation of capitalreserves:51. Surplus reservesUnit: RMBItemStatutory surplus reservesAmounts at period-begin Increased in this period76,791,550.17Decreased in thisperiodAmounts atperiod-end76,791,550.17Free surplus reserveService fundEnterprise development fun
496、dOtherTotal76,791,550.170.000.0076,791,550.17Explanation on surplus reserve, if share capital converted from surplus reserve, remedy deficit and dividend distributed, explainrelevant resolutions:52. General risk provisionExplanation on general risk provision:53. Undistributed profitsUnit: RMBItemUna
497、llocated profits at the end of last yearbefore adjustmentAdjust the total unallocated profits at thebeginning of the year (Increase +, Decrease -)Unallocated profits at the beginning of theyear after adjustmentPlus: net profits belonging to owners of patentcompany for this periodLess: withdraw legal
498、 surplus reservesWithdraw free surplus reservesWithdraw general risk reservesDividends of ordinary shares payableDividends of ordinary shares transferred intoshare capitalUnallocated profits at the end of the periodAmount-1,257,759,031.84-1,257,759,031.84-15,704,974.76-1,273,464,013.34Withdrawal or
499、allocationproportionBreakdown of adjusting the unallocated profits at the beginning of the year:85Item-承德大路股份有限公司 2012 年半年度财务报告1). The retroactive adjustments to Accounting Standards for Business Enterprises and its relevant new regulations affect theunallocated profits at the beginning of the year
500、amounting to RMB0.00.2). The changes in accounting policies affect the unallocated profits at the beginning of the year amounting toRMB0.00.3). The major accounting error correction affects the unallocated profits at the beginning of the year amounting to RMB0.00.4). Merge scope changes caused by th
501、e same control affect the unallocated profits at the beginning of the year amountingtoRMB0.00.5). Other adjustments affect the unallocated profits at the beginning of the year amounting to RMB0.00.The unallocated profitsindicate that, for the company with initial public offering of securities should
502、 clearly state if the accumulatedprofits are decided to be shared by old shareholders by general meeting before issuing; while the company should clearly disclose theaudited profits in the dividends payable belong to old shareholders.54. Operating income and operating cost(1)Operating income and ope
503、rating costUnit: RMBAmount generated in this periodAmount generated inlast periodPrincipal business incomeOther business incomeOperating cost0.00481,640.000.000.0021,250.000.00(2)Principal business (by industries) Applicable Non-applicableUnit: RMBName ofindustriesAmount generated in this periodOper
504、ating income Operating cost0.000.00Amount generated inlast periodOperating income Operating costTotal0.000.000.000.00(3)Principal business (by products) Applicable Non-applicableUnit: RMBName ofproductsAmount generated in this periodOperating income Operating cost0.000.00Amount generated inlast peri
505、odOperating income Operating costTotal0.000.000.000.00(4)Principal business (by districts) Applicable Non-applicableUnit: RMBName of districtsDomestic salesForeign salesAmount generated in this periodOperating income Operating cost0.000.00Amount generated inlast periodOperating income Operating cost
506、Total0.000.000.000.0086Item-承德大路股份有限公司 2012 年半年度财务报告(5)The operating income of the top five customers of the CompanyUnit: RMBTotalName of customersPrincipal business income0.00The percentage in all operating income of theCompany(%)0%Explanation on operating income:Other business income of the Compan
507、y represents the income from leasing of certain vacant plantsand grounds.55. Contract item income Applicable Non-applicableUnit: RMBAccumulatedgrossFixed costcontractContract itemAmountAccumulated costsincurredprofit recgnised(with lossAmounts settledrepresented by “-”)Sub-total0.000.000.000.00Accum
508、ulated grossCost-plus contractContract itemAmountAccumulated costsincurredprofit recgnised(with lossAmounts settledrepresented by “-”)Sub-total0.000.000.000.00Explanation on contract item:56. Business tax and surchargesUnit: RMBConsumption taxAmount generated in this Amount generated inlastperiod pe
509、riodCalculating and payment standardsBusiness taxCity maintenance and constructiontaxEducation surchargeResources taxTotal44,162.702,512.252,512.2549,187.208,261.25 5%1,016.95 5%1,016.96 5%10,295.16Explanation onbusiness tax and surcharges:57. Income of fair value changesUnit: RMBSources generating
510、income of fair value changesAmount generated in this periodAmount generated inlast periodTrading financial assets87Item承德大路股份有限公司 2012 年半年度财务报告Including: Income of fair value changes generatedby derivative financial instrumentsTrading financial assets liabilitiesInvestment real estate measured by fa
511、ir valueOthersTotal0.000.000.000.00Explanation onincome of fair value changes:58. Investment income(1)Breakdown of investment incomeUnit: RMBAmount generated in this periodAmount generated inlast periodIncome of long-term equity investment calculatedbased on costIncome of long-term equity investment
512、 calculatedbased on equityInvestment income obtained from disposal oflong-term equity investmentInvestment income obtained during holding tradingfinancial assetsInvestment income obtained during held-to-maturityinvestment gaining investment incomeInvestment income obtained during holdingavailable-fo
513、r-sale financial assetsInvestment income obtained on disposing of tradingfinancial assetsInvestment income obtained from held-to-maturityinvestmentInvestment income obtained from available-for-salefinancial assetsOthersTotal0.000.000.000.000.000.00(2)Income of long-term equity investment calculated
514、based on costUnit: RMBTotalInvested unitedAmount generated in thisperiod0.00Amount generatedinlast period0.00Reasons forincrease/decrease in thisperiod compared with last period-(3)Income of long-term equity investment calculated based on equityUnit: RMBTotalInvested unitedAmount generated in thispe
515、riod0.00Amount generatedinlast period0.00Reasons forincrease/decrease in thisperiod compared with last period-88Item2.3.4.5.6.7.8.9.Item承德大路股份有限公司 2012 年半年度财务报告Explanation on investment income: it should be introduced if there is significant restrictions to repatriation of investment income; italso
516、should be introduced if there is no this kind of significant restrictions:59. Impairment loss of assetUnit: RMBAmount generated in this periodAmount generated inlast period1.Bad debt lossInventory falling price lossImpairment loss of available-for-sale financial assetsImpairment loss of held-to-matu
517、rity investmentassetsImpairment loss of long-term equity investmentImpairment loss of investment real estateImpairment loss of fixed assetsImpairment loss of project goods and materialImpairment loss of construction in process10. Impairment loss of productive living beings11. Impairment loss of oil
518、gas12. Impairment loss of intangible assets13. Impairment loss of goodwill14. OthersTotal0.000.0060. Non-operating income(1)Unit: RMBTotal gains on disposal ofnon-current assetsIncluding: gain ondisposal of fixed assetsGain on disposal of intangible assetsGain ondebt restructuringGain onexchange of
519、non-monetary assetsAccepting donationsAmount generated in this periodAmount generated inlast period970,161.00970,161.00Government grantsOthersTotal0.000.000.0050,850.001,021,011.00(2) Breakdown of government grantsUnit: RMBTotalItemAmount generated in thisperiod0.00Amount generated inlastperiod0.00D
520、escription-Explanation onnon-operating income:89ItemItemP1FP3P4S0承德大路股份有限公司 2012 年半年度财务报告61. Non-operating expenditureUnit: RMBAmount generated in this period Amount generated inlast periodTotal loss on disposal ofnon-current assetsIncluding: loss on disposal of fixed assetsLoss on disposal of intan
521、gible assetsLoss on debt restructuringLoss on exchange of non-monetary assetsDonations contributedOthersTotal8,762,601.638,762,601.631,156,412.179,919,013.800.00152,271.51152,271.51Explanation onnon-operating expenditure:62. Income tax expenseUnit: RMBAmount generated in this period Amount generated
522、 inlast periodCurrent income tax calculated based on tax law and relevantrulesDeferred income tax adjustmentTotal63. Calculation of basic earnings per share and diluted earnings per share28,965.2528,965.253,500.643,500.64ItemNet profit attributable to ordinaryshareholders of the Company duringthe re
523、porting periodNon-recurring gains and lossesattributable to ordinary shareholders ofthe Company during the reportingperiodCurrent period-15,704,981.50-7,964,564.92Last period-4,069,051.79868,739.49Net profit attributable to ordinary P2=P1-F-7,740,409.84-4,937,791.28shareholders of the Company afterd
524、eduction of non-recurring gains andlosses during the reporting periodEffect of dilution events on the netprofitattributabletoordinaryshareholders of the CompanyEffect of dilution events on the netprofitattributabletoordinaryshareholders of the Company afterdeduction of non-recurring gains andlossesT
525、otal number of share at the beginning706,320,000.00706,320,000.00of the year90S1SiMiSjMjSkX1-0.022-0.011承德大路股份有限公司 2012 年半年度财务报告Number of increased shares due toconversion of reserve into share capitalor distribution of stock dividendsduring the reporting periodNumber of increased shares due toissua
526、nce of new shares or bondconversion during the reporting periodNumber of months from the next monthof share increase to the end of thereporting periodNumber of decreased shares due torepurchase during the reporting periodNumber of months from the next monthof share decrease to the end of thereportin
527、g periodNumber of decreased shares during thereporting periodNumber of months during the reportingM066periodWeighted averageordinaryshares S=S0+S1+Si706,320,000.00706,320,000.00outstanding*Mi/M0-Sj*Mj/M0-SkPlus: weighted average ordinary sharesincreased by assumption of conversionof diluted potentia
528、l ordinary shares intoordinary shares in issueWeighted average ordinary shares for X2=S+X1diluted earnings per shareIncluding: weighted ordinary sharesincreasedbyconversionofconvertible bondsWeighted ordinary shares increasedby exercise of call warrants/stockwarrantsWeighted ordinary shares increase
529、dby performance of repurchaseundertakingsBasic earnings per share attributable to Y1=P1/Sordinary shareholders of the CompanyBasic earnings per share attributable to Y2=P2/Sordinary shareholders of the Companyafter deduction of non-recurring gainsand lossesDiluted earnings per share attributable Y3=
530、（P1to ordinary shareholders of the P3）/X2CompanyDiluted earnings per share attributable Y4=（P2to ordinary shareholders of the P4）/X20.0220.011-0.006-0.007-0.006-0.007Companyafterdeductionofnon-recurring gains and losses91承德大路股份有限公司 2012 年半年度财务报告64. Other comprehensive incomeUnit: RMBItemGains (losse
531、s) from available-for-sale financial assetsLess: effect of income tax from available-for-sale financialassetsNet amount recorded into other comprehensive income in thelast period and transferred into gains and losses in the currentperiodSubtotal2. Share of other comprehensive income of investees bas
532、ed onthe equity methodLess: effect of income tax from the share of othercomprehensive income of investees based on the equity methodNet amount recorded into other comprehensive income in thelast period and transferred into gains and losses in the currentperiodSubtotal3. Gains (losses) from cash flow
533、 hedging instrumentsLess: effect of income tax from cash flow hedginginstrumentsNet amount recorded into other comprehensive income in thelast period and transferred into gains and losses in the currentperiodAdjustment of the amount on initial recognition of the itemtransferred as the hedged itemSub
534、total4. Difference of translation of financial statements in foreigncurrenciesLess: net amount transferred into gains and losses fromdisposal of overseas operations in the current periodSubtotal5. OthersLess: effect of income tax from others recorded into othercomprehensive incomeNet amount recorded
535、 into other comprehensive income in thelast period and transferred into gains and losses in the currentperiodSubtotalTotalCurrent period0.000.000.000.000.00Last period0.000.000.000.000.00Explanation on other comprehensive income:65. Notes to cash flows statement(1) Other cash received from operating
536、 activitiesUnit: RMBItemCurrent accounts receivedIncome from lease and sales of scrapsOthersTotalAmount1,829,870.20295,312.696,698.302,131,881.1992承德大路股份有限公司 2012 年半年度财务报告Explanation on other cash received from operating activities(2) Other cash paid to operating activitiesUnit: RMBCurrent accounts
537、paidOthersItemTotalAmount2,737,000.002,600,549.735,337,549.73Explanation on other cash paid to operating activities(3) Other cash received from investing activitiesUnit: RMBItemTotalAmount0.00Explanation on other cash received from investing activities(4) Other cash paid to investing activitiesUnit:
538、 RMBOther non-current assets purchasedItemTotalAmount700,000.00700,000.00Explanation on other cash paid to investing activities(5) Other cash received from financing activitiesUnit: RMBItemTotalAmount0.00Explanation on other cash received from financing activities(6) Other cash paid to financing act
539、ivitiesUnit: RMBItemRepayment of borrowings of non-related partiesTotalAmount3,090,000.003,090,000.00Explanation on other cash paid to financing activities:66. Supplemental information for cash flow statement(1) Supplemental information for cash flow statementUnit: RMBSupplemental informationCurrent
540、 periodLast period93承德大路股份有限公司 2012 年半年度财务报告1. Adjustments to reconcile net profit to net cashprovided by operating activities:：Net profitAdd: Impairment provision for assetsDepreciation of fixed assets, consumption & depreciationof fuel and gas, depreciation of production materialsAmortization for
541、intangible assetsAmortization for long-term prepaymentLoss on disposal of fixed assets, intangible assets andothers long-term assets(Income is listed with “-”)Loss upon rejection of fixed assets(Income is listed with“-”)Loss on variance of fair value (Income is listed with “-”)Finance cost (Income i
542、s listed with “-”)Loss in investment(Income is listed with “-”)Decrease of deferred tax assets(Increase is listed with “-”)Liability increase of deferred tax(Decrease is listed with“-”)Decrease of inventories(Increase is listed with “-”)Decrease of operating receivable account items(Increase isliste
543、d with “-”)Increase of operating payable account items (Decrease islisted with “-”)OthersNet cash flow from operating activities2. Significant investing and financing activities for noncash items:Liabilities capitalizedConvertible bonds payable mature in one yearFinancing leased fixed assets3. Net i
544、ncrease (decrease) for cash and cash equivalents:Ending balance for cashLess: beginning balance for cashAdd: ending balance for cash equivalents3. Net increase (decrease) for cash and cash equivalents:Ending balance for cash-17,659,423.640.001,393,840.97310,750.7435,664.008,762,601.63-16,806,352.32-
545、737,741.4227,061,046.252,360,386.211,571,028.205,517,692.29-3,946,664.09-4,388,773.720.001,366,083.37310,750.74-967,298.00-2,616,473.70-13,720,853.02-630,510.36-20,647,074.69759,615.129,723,008.25-8,963,393.13(2) Other information in relation to acquisition or disposal of subsidiaries and other oper
546、ating units during the reportingperiodUnit: RMBSupplementary informationI. Relevant information of acquisition of subsidiaries andother operating units:1. Price of acquisition of subsidiaries and other operatingunits2. Cash and cash equivalents paid for acquisition ofsubsidiaries and other operating
547、 unitsLess: cash and cash equivalents held by subsidiaries andother operating units:3. Net cash paid for acquisition of subsidiaries and otherCurrent period-0.00Last period-0.0094承德大路股份有限公司 2012 年半年度财务报告operating units4. Net assets of subsidiariesCurrent assetsNon-current assetsCurrent liabilitiesNo
548、n-current liabilitiesII. Relevant information of disposal of subsidiaries andother operating units:1. Price of disposal of subsidiaries and other operating units2. Cash and cash equivalents received from disposal ofsubsidiaries and other operating unitsLess: cash and cash equivalents held by subsidi
549、ariesand other operating units3. Net cash received from disposal of subsidiaries and otheroperating units4. Net assets of subsidiaries-0.000.000.00-0.000.000.00Current assetsNon-current assetsCurrent liabilitiesNon-current liabilities(3) Constitution of cash and cash equivalentsUnit: RMBItemI. CashI
550、ncluding: Inventory cashBank deposit payable at any timeOther monetary fund payable at any timeDeposits in central bank available for paymentDeposits in other banks and financial institutionsBorrowings to other banks and financial institutionsII. Cash equivalentsIncluding: Bond investment due within
551、 3 monthsIII. Balance of cash and cash equivalent at period-endPeriod-end1,571,028.2042,185.381,458,163.5370,679.291,571,028.20Period-beginning5,517,692.29103,766.34468,956.884,944,969.075,517,692.29Explanation on supplementary information of cash flows statement67. Notes to items of statement of ch
552、anges of owners equityExplanation on the names of “other” items adjusted for the balances at the end of last year and the adjustment amounts andretrospective adjustments from business combination under common control:(VIII) Accounting of the asset securitization business1. Explanation on the major t
553、ransaction arrangements of the asset securitization business and its accounting and itsbankruptcy segregation clause95承德大路股份有限公司 2012 年半年度财务报告2. Special purpose entities in which the Company has no control right but actually burdens its risksUnit: RMBNameTotal assets atperiod-endTotal liabilities at
554、period-endNet assets atperiod-endOperating incomeat the currentperiodNet profit at thecurrent periodRemark(IX) Related parties and related transactions1. Parent company of the CompanyUnit: RMBShareholdingPercentage ofName ofparentcompanyRelations Type ofhip enterprisePlace of Legalregistratio repres
555、entan tiveBusiness Registerenature d capitalpercentage ofCurrency parentcompanyin thevotingright ofparentcompanyin theUltimatecontrollerof theCompanyOrganizationalcodeCompany(%)Company(%)Parent company of the CompanyThe Company has no parent company. The related parties with controlling relationship
556、 of the Company refer to Mr. Chen Rong whoheld 29.49% equity of the Company.2. Subsidiaries of the CompanyUnit: RMBNameNature of Type ofsubsidiary subsidiaryPlace of Legalregistratio representatn iveBusiness Registerednature capitalCurrencyShareholdingpercentage(%)Percentageof votingright (%)Organiz
557、ational codeChengde RongyidaReal EstatedevelopmentControlledsubsidiaryLimitedliabilityChengde Zhaocity Hebei YongshengprovinceRealEstatedevelopment10,000,000.00CNY100%100%68434235-0ChengdeChengde XingyePaper IndustryControlledsubsidiaryLimitedliabilitycountryHebeiWangShuxianPaperproducing250,000,000
558、.00USD75%75%60125211-5provinceGold AxeInvestment GroupLimitedControlledsubsidiaryLimitedliabilityBritishVirginIslandExport1.00 USD100%100%ChengdeHebei XiabanTextileCity ControlledsubsidiaryLimitedliabilitycountryHebeiWangShuxianClothingproducing4,000,000.00USD100%60126026-2provinceChengdeChengdefash
559、ionDixian ControlledsubsidiaryLimitedliabilitycountryHebeiWangShuxianClothesproducing24,000,000.00USD100%60126040-6provinceChengde Huaxin Controlledwaste paper collection subsidiaryLimitedliabilityChengdecountryHebeiprovinceWasteXu Sulian paperrecycling1,000,000.00CNY90%90%74544580-596承德大路股份有限公司 201
560、2 年半年度财务报告3. Joint ventures and associates of the CompanyUnit: RMBPercentagType of Place of LegalInvestee enterpris registratio representative n eBusinessnatureRegisteredcapitalShareholdingCurrenc percentagey of theCompany(%)e ofvotingright oftheCompanyininvesteeTotal assets atperiod-endTotalliabili
561、tiesatperiod-endTotal netassets atperiod-endTotal Netoperatin profitg forincome thefor the currencurrent tperiod periodRelationshi Organizationp al code(%)I. Jointventures-II.Associate-sSuningBanheSimulation TextileLimitedliabilitySuningHebeiWangZhengsongClothesmanufacture29,000,000.00 USD20%20%C.,
562、Ltd.ChengdeDahuaPaperIndustryLimitedliabilityChengdeHebeiPaperShi Bainian manufacture6,364,000,000.00JPY45%45%266,969,909.2 624,579.6 266,345,329.67 2 576033882-1Co., ltd.97ontractedassetsdate of date oft/contracting g承德大路股份有限公司 2012 年半年度财务报告4. Other related parties of the CompanyName of other relat
563、ed partyRelationship with the CompanyOrganizational codeExplanation on other related parties of the Company5. Related party transactions(1) Purchase f commodities and receipt of laborsUnit: RMBCurrent periodLast periodPercentagPricing methodandPercentage in thee in theamountsRelated partyRelated tra
564、nsactiondecision-makingprocedure ofAmounttransactions in theAmountof thetransactiorelated transactionsame type(%)ns in thesame type(%)Sales of commodities and provision of laborsUnit: RMBCurrent periodLast periodPercentagPricing methodandPercentage in thee in theamountsRelated partyRelated transacti
565、ondecision-makingprocedure ofAmounttransactions in theAmountof thetransactiorelated transactionsame type(%)ns in thesame type(%)(2) Related custody/contractingConsignment/contracting of the CompanyUnit: RMBName ofconsignor/contractorName ofconsigneeandcontracteeConsigned/c Amountinvolved inconsigned
566、/contractedType ofconsigned/contractedassetsStarting Terminating Effect ofBasis of Consignme consignmenconsignmen consignmen pricing of ntt/contractin t/contractin consignmen gains/contra g on thet cting gains Company98承德大路股份有限公司 2012 年半年度财务报告assetsgains/contra recognizedcting gains during thereport
567、ingperiodEntrusted management/contracting of the CompanyUnit: RMBEntrustmentName of Name ofentruster/co entrustee/contractor ntracteeAmountEntrusted/c involved inontracted entrusted/coassets ntractedassetsType ofentrusted/contractedassetsStarting Terminatingdate of date ofentrustment/ entrustment/co
568、ntracting contractingBasis of fee/contract Effect ofpricing of ing fee entrustmententrustment recognized /contractingfee/contracti during the gains on theng fee reporting CompanyperiodExplanation on related entrusted management/contracting(3) Related leaseLease of the CompanyUnit: RMBName oflessorNa
569、me oflesseeType ofleasedassetsLeasedassetsAmountinvolved inleasedassetsStarting Terminatingdate of lease date of leaseBasis ofpricing oflease gainsLease gainsrecognizedduring thereportingperiodEffect oflease gainson theCompanyLease by the CompanyUnit: RMBName oflessorName oflesseeType ofleasedassets
570、LeasedassetsAmountinvolved inleasedassetsStarting Terminatingdate of lease date of leaseBasis ofpricing oflease gainsLease gainsrecognizedduring thereportingperiodEffect oflease gainson theCompanyExplanation on related lease(4) Related guaranteeUnit: RMB99承德大路股份有限公司 2012 年半年度财务报告GuarantorGuaranteeGu
571、arantee amountStarting date ofguaranteeMaturity date ofguaranteeGuarantee completedor notExplanation on related guarantee(5) Borrowing of related party fundsUnit: RMBRelated partyBorrowed amountStarting dateMaturity dateExplanationBorrowedLent(6) Transfer of related party assets and debt reorganizat
572、ionUnit: RMBCurrent periodPercentagLast periodPercentagPricing methode in thee in theType ofandamountsamountsRelated partyrelatedtransactionRelated transaction decision-makingprocedure ofAmountof thetransactioAmountof thetransactiorelatedtransactionns in thesame type(%)ns in thesame type(%)(7) Other
573、 related transactions6. Amounts receivable from and payable to related partiesAmounts receivable from related partiesUnit: RMBItemOther receivablesOther receivablesRelated partyChengde Dahua PaperCo., Ltd.Suning Banhe Fiber Co.,Ltd.Amount at period-end44,196,901.2615,361.00Amount at period-beginning
574、44,196,901.2615,361.00Amounts payable to related partiesUnit: RMBItemRelated partyAmount at period-endAmount at100承德大路股份有限公司 2012 年半年度财务报告period-beginning(X) Share payment1. Overall share paymentTotal amount of various equity instrumentsgranted by the Company in the periodTotal amount of various equ
575、ity instrumentsexercised by the Company in the periodTotal amount of various equity instrumentslapsed of the Company in the periodRange of exercise price and remaining contractterm of stock warrants outstanding of theCompany at the end of the periodRange of exercise price and remaining contractterm
576、of other equity instruments of theCompany at the end of the periodExplanation of share payment2. Equity-settled share paymentUnit: RMBDetermination of fair value of equity instruments on the grantdateDetermination of best estimates of number of exercisable equityinstrumentsReason for material differ
577、ence between estimates in the currentperiod and in the last periodAccumulated amount of equity-settled share payment in capitalreservesTotal expenses recognized from equity-settled share paymentExplanation on equity-settled share payment3. Cash-settled share paymentUnit: RMBDetermination of fair val
578、ue of liabilities undertaken by theCompany and based on shares or other equity instrumentsAccumulated liabilities from cash-settled share payment in101承德大路股份有限公司 2012 年半年度财务报告liabilitiesTotal expenses recognized from cash-settled share paymentExplanation on cash-settled share payment4. Share-paid se
579、rvicesUnit: RMBTotal amount of staff services exchanged with share paymentTotal amount of other services exchanged with share payment5. Alteration and termination of share payment（XI）Contingency1. Contingent liability arising from pending litigation or arbitration and its financial effects1. Claims
580、against the Company by Shuxian Wang in relation to dispute of creditors rightOn 26 April 2011, the Company received a notice of appearance from Chengde Intermediate Peoples Courtof Hubei Province, the former major shareholder Shuxian Wang brought a lawsuit against the Company in relationto dispute o
581、f creditors right and instituted legal proceedings to Chengde Intermediate Peoples Court of HubeiProvince. Shuxian Wang alleged that his 208,324,800 shares of the Company was auctioned by the court to repaybank loan of RMB84,371,544.00 for the Company. He appealed to dispose equity upon the completi
582、on ofbankrupt reorganization and settlement and repay debts with relevant proceedsAs of 30 June 2012, the case is still pending and there is no substantial progress.2. Claim against Xue Xu by the Company in relation to infringement on reputation rightOn Dec. 22 of 2012, to protect interest of the Co
583、mpany, the Company counterclaimed to Beijing XichengArea over that respondent Xu Xue intentionally fabricated information and spread fictional information andwhistle-bowling to media which severally hurt reputation of the Company. The Company received ruling letterfrom the court in Mar. of 2012 with
584、 (2012) XMCZ No. 1093, rejecting lawsuit of Chengde Dalu Co., Ltd. TheCompany thought respondent intentionally concealed facts which had been answered thus impacted the court tomake a fair justice. Thus we appealed to Beijing 1st Medium Peoples Court. In June of 2012, the Companyreceived ruling lett
585、er from the court with (2012) YZMZZ No. 6804, which cancelled judgment of Beijing XichengArea Peoples Court and called them to hear this case. Till reporting period-end, this case has been in process.2、Contingent liability arising from guarantees for debt of other units and its financial effectsOthe
586、r contingent liability and its financial effects:(XII) Commitments1. Significant commitmentsCapital commitment contracted but not recognized infinancial statementsCommitment on investmentClosing balanceUSD 112.50 millionOpening balanceUSD 112.50 millionChengde Xingye Papermaking Co., Ltd. has the re
587、gistered capital of USD 250,000,000.00, within which USD102承德大路股份有限公司 2012 年半年度财务报告187500000.00 (75%) committed by the Company. According to the article of “Approval about the capital increaseof Chengde Dexing Paper Industrial Co., Ltd” with WaiJingZi Er Han 2001 No.969 issued by the ministry offore
588、ign trade and economic cooperation of the Peoples Republic of China on 28th Oct 2002, the Company shouldpay the increased capital within 3 years since the change of the business license which agreed in the agreement &the company articles. As of the date of the report , the paid-in capital is the amo
589、unt of RMB 622,500,000.00（US$75,000,000.00），which accounts for 40% of the registered capital。Except the matter stated above，there is no other major commitment need to be disclosed.2. Fulfillment of early commitments(XIII) Item after date of balance sheet1. Explanation of significant items after date
590、 of balance sheetUnit: RMBItemContentImpact on financial position andoperating resultsReasons for inestimable impact2. Explanation on profit distribution after date of balance sheetUnit: RMBProfit or dividend proposed to be distributedDistributable profit or dividend approved and reviewed3. Explanat
591、ion on other items after date of balance sheet（XIV）Explanation of other significant events1. Exchange of non-monetary assets2. Debt restructuring3. Business combination4. Lease103承德大路股份有限公司 2012 年半年度财务报告5. Financial instruments issued at the period-end and convertible to shares6. Primary coverage of
592、 annuity plan and significant changes7. Other significant events required to be disclosed(XV) Notes to major items of parent companys financial statements1. Accounts receivable（1）Accounts receivableUnit: RMBAmount at period-endAmount at period-beginBook balanceBad debt provisionBook balanceBad debt
593、provisionCategoryAmountProportion(%)AmountProportion (%)AmountProportion (%)AmountProportion (%)Single item withsignificant accountsreceivable provided as0.000.000.000.00single bad debtAccounts receivable provided as bad debt by categorySubtotal0.000%0.000.000%0.00Single item withoutsignificant acco
594、untsreceivable yet provided as0.000.000.000.00single bad debtTotal0.00-0.00-0.00-0.00-Notes to category of accounts receivable:Single item with significant accounts receivable provided as single bad debt at the period-end: Applicable inapplicableIn the combination, accounts receivable with accrual f
595、or bad debt provision using aging analysis method: Applicable inapplicableIn the combination, accounts receivable with accrual for bad debt provision using percentage of total receivableoutstanding method: Applicable InapplicableIn the combination, accounts receivable with accrual for bad debt provi
596、sion using other methods: Applicable InapplicableSingle item without significant accounts receivable yet provided as single bad debt at the period-end:104Item承德大路股份有限公司 2012 年半年度财务报告Applicable Inapplicable(2) Switching back and recovery of Accounts receivable during the report periodUnit: RMBAccumul
597、ative amountReasons for switching Basis for recognition ofback or recovery bad debt provisionprovided as bad debtbefore switching-back orrecoveryAmount switched backor receivedTotal-Provision of bad debts for accounts receivable with single major amount or single minor amount but conductingimpairmen
598、t test singly:ItemTotalBook balanceAmount of bad debtWithdrawal proportion(%)-Reason-Notes to accounts receivable with single minor amount and high risk after combined on the basis of thecharacteristic of portfolio credit risk:(3) Actual write-off of accounts receivable during the report periodUnit:
599、 RMBNameTotalNature of accountsreceivable-Write-off date-Amount0.00Reason-Caused due torelated transaction ornot-Notes to write-off of accounts receivable:(4) Accounts receivable from shareholders holding over 5% (5% inclusive) of the Companys shares withvoting rights during the reporting periodAppl
600、icableInapplicable(5) Nature and item of accounts receivable with major amount(6) Top 5 units with an amount of other accounts receivableUnit: RMBNameRelationship withthe companyAmountAgeProportion of thetotal other accountsreceivable (%)105承德大路股份有限公司 2012 年半年度财务报告Total-0.00-0%(7) Accounts receivabl
601、e of related partiesUnit: RMBNameTotalRelationship with thecompany-Amount0.00Proportion of the total otheraccounts receivable (%)0%(8)Conversed accounts receivable met no qualification of discontinuing recognition is RMB (9) Brief explanation on transaction arrangement when accounts receivable is un
602、derlying assets ofsecuritization2. Other accounts receivable（1）Other accounts receivableUnit: RMBOpening balanceClosing balanceCategoryBook balancePropoProvision for bad debtsPropoBook balancePropoProvision for baddebtsPropoAmountrtionAmountrtionAmountrtionAmountrtion(%)(%)(%)(%)Single item with sig
603、nificantother receivables provided as0.000.000.000.00single bad debtOther receivables provided as bad debt by categorySubtotal586,130.07 100%21,283.33 3.63%371,672.85 100%21,283.33 5.73%Single item withoutsignificant other receivablesyet provided as single bad0.000.000.000.00debtTotal586,130.07-21,2
604、83.33-371,672.85-21,283.33-Notes to category of other accounts receivable:Single item with significant other receivables provided as single bad debt at the period-end:106承德大路股份有限公司 2012 年半年度财务报告 Applicable InapplicableIn the combination, OR with accrual for bad debt provision using aging analysis me
605、thod: Applicable InapplicableUnit: RMBOpening balanceClosing balanceAgeBook balanceProvision for badBook balanceProvision for badAmountProportion (%)debtsAmountProportion (%)debtsWithin 1 yearIncluding:-Subtotal1-2 years287,153.72 48.99%265,291.40 45.26%2,502.18409.8072,696.50265,291.4020%71%2,502.1
606、8409.802-3 yearsOver 3 years30,627.203,057.755.23%0.52%15,313.603,057.7530,627.203,057.758%1%15,313.603,057.753-4 years4-5 yearsOver 5 yearsTotal586,130.07-21,283.33371,672.85-21,283.33In the combination, OR with accrual for bad debt provision using percentage of total receivable outstandingmethod:
607、Applicable InapplicableIn the combination, OR with accrual for bad debt provision using other method: Applicable InapplicableOR with no individual significant amount but requires accrual for bad debt provision at the period-end: Applicable Inapplicable（2）Switching back and recovery of other accounts
608、 receivable during the report periodUnit: RMBAccumulative amount ofItemReasons for switching Basis for recognition ofback or recovery bad debtbad debt beforeswitching-back orAmount switched backor receivedrecoveryTotal-Single item with or without significant other receivables provided as single bad
609、debt yet conducting impairmenttest singly at the period-end:ItemBook balanceAmount of bad debtWithdrawal proportion(%)Reason107承德大路股份有限公司 2012 年半年度财务报告Total-Notes to other accounts receivable with single minor amount and high risk after combined on the basis of thecharacteristic of portfolio credit
610、risk:（3）Actual write-off of other accounts receivable during the report periodUnit: RMBNameTotalNature of accountsreceivable-Write-off date-Amount0.00Reason-Caused due to relatedtransaction or not-Notes to write-off of other accounts receivable:（4）Other accounts receivable from shareholders holding
611、over 5% (5% inclusive) of the Companysshares with voting rights during the reporting period Applicable Inapplicable（5）Nature and item of other accounts receivable with major amount（6）Top 5 units with an amount of other accounts receivableUnit: RMBNameTotalRelationship withthe company-Amount0.00Age-P
612、roportion of thetotal other accountsreceivable (%)0%(7) Other accounts receivable of related partiesUnit: RMBNameSuning Banhe Chemical FiberFacsimile Fabric Co., LtdTotalRelationship with thecompanyAffiliated company-Amount15,361.0015,361.00Proportion of the total otheraccounts receivable (%)2.62%2.
613、62%（8）Conversed accounts receivable met no qualification of discontinuing recognition was RMB 108承德大路股份有限公司 2012 年半年度财务报告(9) Brief explanation on transaction arrangement when other accounts receivable is the underlying assets ofsecuritization3. Long-term equity investmentexplanation ofnon-coincidenc
614、eUnit: RMBBalance Change BalanceInvested Calculatio Investme at of atcompany n method nt cost period-be increase/d period-engin ecrease dProportio betweenProportio n of then of share voting proportioheld (%) right held n of share(%) held andProvision Accrual Cashof provision bonus indepreciati n in
615、this thison period periodproportion ofvotingheldChengdeRongyidaRealEstatedevelopmCost53,114,29 53,114,299.73 9.7353,114,299.73100%100%ent Co.,Ltd.ChengdeXingyePaperCost622,500,0 622,500,000.00 00.00622,500,000.0075%75%616,688,419.47IndustryCo., Ltd.GoldAxeInvestme Costnt Group8,300,000 8,300,000.00
616、.008,300,000.00100%100%8,300,000.00LimitedHebeiXiabanCityTextileCost431,604,2 431,604,203.41 03.41431,604,203.41100%Bankrupt431,604,203.41GarmentCo., Ltd.ChengdeDixianFashionCost149,408,2 149,408,230.11 30.11149,408,230.1175%Bankrupt149,408,230.11Company109Item承德大路股份有限公司 2012 年半年度财务报告SuningBanheChem
617、icalFiberFacsimileEquity46,980,00 46,980,000.00 0.0046,980,000.0020%20%46,980,000.00FabricCo., LtdTotal-1,311,906 1,311,906,733.25 ,733.250.001,311,906,733.25-1,252,980,852.990.000.00Notes to Long-term equity investment4. Operating revenue and operating cost(1) Operating revenue and operating costUn
618、it: RMBMain business incomeOther business incomeIncurred during the current periodIncurred during the prior periodoperating costTotal0.000.000.000.00(2) Main business (by industry) Applicable Inapplicable(3) Main business (by product) Applicable Inapplicable(4) Main business (by region) Applicable I
619、napplicable(5) Operating revenue of the top five clients of the CompanyUnit: RMBProportion ofTotalNameTotal operating revenue0.00total revenue ofthe Company(%)0%Notes to operatingrevenue110Item承德大路股份有限公司 2012 年半年度财务报告5. Investment income(1) Details of investment incomeUnit: RMBIncurred during the cu
620、rrent period Incurred during the prior periodInvestment income from long-term equity investmentrecognized and measured by cost methodInvestment income from long-term equity investmentrecognized and measured by equity methodInvestment income from disposal of long-term equityinvestmentInvestment incom
621、e from transaction financial assets heldInvestment income from held-to-maturity investmentInvestment income from financial assets held available forsaleInvestment income from disposal of transaction financialassetsInvestment from investment held to maturityInvestment income from financial assets ava
622、ilable for salOthersTotal0.000.000.000.000.000.00(2) Investment income from long-term equity recognized and measured by cost methodUnit: RMBTotalInvested companyIncurred during thecurrent period0.00Incurred during theprior period0.00Reason for increase/decrease-(2) Investment income from long-term e
623、quity recognized and measured by equity methodUnit: RMBTotalInvested companyIncurred during thecurrent period0.00Incurred during theprior period0.00Reason for increase/decrease-Notes to investment income:111承德大路股份有限公司 2012 年半年度财务报告6. Supplemental Information for Cash Flow StatementUnit: RMBSupplemen
624、tal information1. Adjustments to reconcile net income to net cash provided byoperating activities:Net profitAdd: provision for assets impairmentDepreciation of fixed assets, consumption & depreciation of fuel andgas, depreciation of production materialsAmortization for intangible assetsAmortization
625、for long-term deferred expensesLoss arising from disposal of fixed assets, intangible assets and otherlong-term assets (Income is listed with “-”)Loss arising from retirement of fixed assets (Income is listed with“-”)Loss arising from changes of fair value (Income is listed with “-”)Finance cost (In
626、come is listed with “-”)Loss on investment(Income is listed with “-”)Decrease in deferred tax assets (Increase is listed with “-”)Increase in deferred tax liabilities (Decrease is listed with “-”)Decrease of inventories (Increase is listed with “-”)Decrease in operating receivables (Increase is list
627、ed with “-”)Increase in operating payables (Decrease is listed with “-”)OthersNet cash flow from operating activities2. Significant investing and financing activities that do not involvecash receipts and paymentsConversion of debt into capitalConvertible bonds due within 1 yearFinancing leased fixed
628、 assets3Net increase/decrease in cash and cash equivalents:Closing balance of cashLess: Opening balance of cashIncurred during the currentperiod-639,546.150.00-214,457.22854,003.370.00-4,019.804,019.80Incurred during the priorperiod-173,544.430.00-25,609.02195,340.65-3,812.80-33,384.9037,197.70Add:
629、closing balance of cash equivalentsLess: opening balance of cash equivalents1121.2.承德大路股份有限公司 2012 年半年度财务报告Net increase in cash and cash equivalents0.00-3,812.807. Assets and liabilities recorded with estimated value under counterpurchaseUnit: RMBItemsEstimated valueOriginal book valueAssetsLiabilit
630、ies(XVI) Supplementary informationReturn on equity and earnings per shareUnit: RMBProfit in report periodWeighted average ofReturn on equity（%）Earnings per shareBasic earnings per Diluted earningsshareper shareNet profit attributable to shareholders holdingordinary shares of the CompanyNet profit at
631、tributable to shareholders holdingordinary shares of the Company after deducting-0.022-0.011-0.022-0.011non-recurring gains and lossesThe explanation of abnormal circumstance and reasons of items in majoraccounting report(1) Monetary capital: closing balance decreased by RMB3,946,664.09 as compared
632、to the opening balancemainly due to subsidiary Chengde County Rongyida Real Estate Development Co., Ltd paid projects payment fordevelopment of Dalu Qianyuan Project;(2)Inventory: closing balance increased by RMB16, 806,352.32 as compared to the opening balance mainlybecause the above project was on
633、 the construction and has not completed as of the period-end;(3) Advance receipt: closing balance increased by RMB24, 792,659.48 as compared to the opening balancemainly due to presale of the above project of subsidiary;(4) Finance cost: incurred amount during the current period increased by RMB1, 6
634、45,307.58 as compared tothat of the prior period, mainly due to withdrawal of interest on borrowings in this period;(5) Non-operating income: incurred amount during the current period decreased by RMB1, 021,011.00 ascompared to that of the prior period, mainly due to income arising from disposal of non-current assets in theprevious period;(6) Non-operating expenditure: incurred amount during the current period increased by RMB9, 766,742.29 ascompared to that of the prior period, mainly due to loss from disposal of non-current assets in this period.Chengde Dalu Company LimitedAugust 23，2012113
