承德南江股份有限公司 Chengde Nanjiang Co.,Ltd
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Chengde Nanjiang Co., Ltd. Annual Report for 2012-Full Text 承德南江股份有限公司 CHENGDE NANJIANG CO., LTD. ANNUAL REPORT 2012 February 2013 1 Chengde Nanjiang Co., Ltd. Annual Report for 2012-Full Text Section I. Important Notice, Contents and Paraphrase Board of Directors, Supervisory Committee, all directors, supervisors and senior executives of Chengde Nanjiang Co., Ltd. (hereinafter referred to as the Company) hereby confirm that there are no any fictitious statements, misleading statements, or important omissions carried in this report, and shall take all responsibilities, individual and/or joint, for the reality, accuracy and completion of the whole contents. Li Weimin, Principal of the Company, Zhao Yongshen, person in charger of accounting works and Liu Fengguo, person in charge of accounting organ (accounting principal) hereby confirm that the Financial Report of 2012 Annual Report is authentic, accurate and complete. All directors are attended the Board Meeting for report deliberation. The Company has no plan of cash dividends carried out, bonus issued and capitalizing of common reserves either. Concerning the forward-looking statements with future planning involved in the Report, they do not constitute a substantial commitment for investors. Investors should be cautious with investment risks. Note: The report is prepared in bilingual versions of Chinese and English respectively, in the event of any discrepancy in understanding the two aforementioned versions, the Chinese version shall prevail. 2 Chengde Nanjiang Co., Ltd. Annual Report for 2012-Full Text Contents Annual Report 2012 ........................................................................................................................... 1 Section I Important Notice, Contents and Paraphrase .................................................................. 2 Section II Company Profile ............................................................................................................... 5 Section III Accounting data and summary of finnaical indexes .................................................... 7 Section IV Report of the Board of Directors ................................................................................. 10 Section V Important Events ............................................................................................................ 24 Section VI Changes in shares and particular about shareholders............................................... 29 Section VII Particulars about Directors, Supervisors,Senior Executives and Employees ........ 33 Section VIII Company Governance ............................................................................................... 41 Section IX Internal Control ............................................................................................................ 46 Section X Financial Report ............................................................................................................. 48 Section XI Documents available for reference ............................................................................ 133 3 Chengde Nanjiang Co., Ltd. Annual Report for 2012-Full Text Paraphrase Items Refers to Contents CSRC, SRC Refers to China Securities Regulatory Commission SZ Stock Exchange, Exchange Refers to Shenzhen Stock Exchange Company, The Company or Chengde Nanjiang Refers to Chengde Nanjiang Co., Ltd. Nanjiang Investment Refers to Chengde Nanjiang Investment Co., Ltd. RongYiDa Refers to Chengde RongYiDa Real Estate Development Co., Ltd. Nanjiang Ecological Agriculture Refers to Chengde Nanjiang Ecological Agriculture Co., Ltd. Company Law Refers to Company Law of the People‟s Republic of China Securities Law Refers to Securities Law of the People‟s Republic of China Rules Governing the Listing of Securities Refers to Rules Governing the Listing of Securities on Shenzhen Stock Exchange The Article of Association approved after deliberation on 4th Article of Association Refers to extraordinary shareholders‟ general meeting of 2012 in August 2012 Yuan, 10 thousand Yuan Refers to RMB, RMB 10 thousand Runhua RW, Tianjin Runhua RW Refers to Runhua Rural Water (Tianjin) International Trade Co., Ltd. Material Assets Restructuring, the The Company acquires 30 percent equity of the Runhua Rural Water Refers to Restructuring (Tianjin) International Trade Co., Ltd. in cash 4 Chengde Nanjiang Co., Ltd. Annual Report for 2012-Full Text Section II Company profile I. Company information Short form of the stock ST Nanjiang-B Stock code 200160 Stock exchange for listing Shenzhen Stock Exchange Name of the Company (in 承德南江股份有限公司 Chinese) Short form of the Company ST 南江 B (in Chinese) Foreign name of the CHENGDE NANJIANG CO.,LTD Company(if applicable) Short form of foreign name of NANJIANG-B the Company(if applicable) Legal representative Li Weimin Registrations add. XiaBanCheng Town, Chengde County, Hebei Province, P.R.C Code for registrations add 067400 Offices add. XiaBanCheng Town, Chengde County, Hebei Province, P.R.C Codes for office add. 067400 II. Person/Way to contact Secretary of the Board Rep. of security affairs Zhao Yongsheng (act on behalf of Name Secretary of the Board) XiaBanCheng Town, Chengde County, Contact add. Hebei Province Tel. 0314-3115048 Fax. 0314-3111475 III. Information disclosure and preparation place Newspaper appointed for information disclosure In China: Securities Times; overseas: Hong Kong Commercial Daily Website for annual report publish appointed by Juchao website: http://www.cninfo.com.cn CSRC Preparation place for annual report Security department of the Company 5 Chengde Nanjiang Co., Ltd. Annual Report for 2012-Full Text IV. Registration changes of the Company Registration NO. for No. of taxation Date for registration Place for registration enterprise legal Organization code registration license Hebei Administration for Initial registration 1999-11-03 1300001001372 1/1 130821106576876 106576876 Industry & Commerce Chengde Registration at end Administration for 2011-08-23 130000400001225 130821106576876 106576876 of report period Industry & Commerce Changes of main business since listing (if No changes applicable) On 6 April 2012, the former controlling shareholder and actual controller Mr. Chen Rong entered into the Equity Transfer Agreement with Mr. Wang Dong in Shanghai. Previous changes for controlling Mr. Chen Rong transfers all of the equity held by hand, 29.49 % equity of the shareholders (if applicable) Company, to Mr. Wang Dong. Mr. Wang Dong is the controlling shareholder and actual controller of the Company after transfer. V. Other relevant information CPA engaged by the Company Name of CPA Dahua Certified Public Accountants (Limited Liability Partnership) Offices add. for CPA No. 689, Tianhe Road (N), Guangzhou Signing Accountants Fan Rong, Han Junmin Sponsor engaged by the Company for performing continuous supervision duties in reporting period □ Applicable √ Not applicable Financial consultant engaged by the Company for performing continuous supervision duties in reporting period □ Applicable √ Not applicable 6 Chengde Nanjiang Co., Ltd. Annual Report for 2012-Full Text Section III. Accounting data and summary of financial indexes I. Main accounting data and financial indexes Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting error correction or not √ Yes □ No Changes over 2011 2010 2012 last year (%) Pre-adjustment Post-adjustment Post-adjustment Pre-adjustment Post-adjustment Operating income (RMB) 79,512,004.22 515,150.00 515,150.00 15,334.7286% 516,778.00 516,778.00 Net profit attributable to shareholders of the listed 32,894,368.82 3,643,202.46 1,818,785.62 1,708.5897% 1,704,928.05 1,704,928.05 company(RMB) Net profit attributable to shareholders of the listed company after deducting -1,721,230.31 -14,020,621.88 -15,395,047.49 88.8196% -23,152,790.38 -23,152,790.37 non-recurring gains and losses(RMB) Net cash flow arising from -4,386,658.32 -532,391.56 -5,491,422.69 -20.118% -32,273,821.01 -32,273,821.01 operating activities(RMB) Basic earnings per share 0.05 0.0052 0.003 1,566.6667% 0.002 0.002 (RMB/Share) Diluted earnings per share 0.05 0.0052 0.003 1,566.6667% 0.002 0.002 (RMB/Share) Return on Equity (%) 36.01% 0% 0% 0% 0% 0% Changes over End of 2011 end of last year End of 2010 End of 2012 (%) Pre-adjustment Post-adjustment Post-adjustment Pre-adjustment Post-adjustment Total assets (RMB) 193,617,124.65 219,022,670.81 209,909,350.33 -7.7616% 199,976,147.64 199,976,147.64 Net assets attributable to shareholder of listed company (Owners‟ equity attributable to 114,894,671.61 -23,882,038.57 74,895,938.70 53.4057% -27,525,241.03 -27,525,241.03 shareholder of listed company ) (RMB) 7 Chengde Nanjiang Co., Ltd. Annual Report for 2012-Full Text II. Difference of the accounting data under accounting rules in and out of China 1. Difference of the net profit and net assets disclosed in financial report, under both IAS (International Accounting Standards) and Chinese GAAP (Generally Accepted Accounting Principles) Unit: RMB Net profit attributable to shareholders of listed Net assets attributable to shareholders of listed company company Amount at Amount in this period Amount in last period Amount at period-end period-begin Chinese GAAP 32,894,368.82 1,818,785.62 114,894,671.61 74,895,938.70 Items and amount adjusted by IAS 2. Difference of the net profit and net assets disclosed in financial report, under both foreign accounting rules and Chinese