SHENZHEN CHIWAN PETROLEUM SUPPLY BASE CO., LTD.
FULL TEXT OF FIRST QUARTERLY REPORT OF 2014ⅠⅠⅠⅠ
Part Important Notice
The directors, supervisors and senior management guarantee that there are no omissions, misstatement, or misleading information in this quarterly report. The directors, supervisors and senior management are responsible, individually and jointly, for the authenticity, accuracy and integrity of the information herein.
All directors attended the board meeting.
Mr. Tian Junyan, Chairman of the Board, Mdm. Yu Zhongxia, Deputy General Manager&Financial Controller and Mdm. Sun Yuhui, Financial Manager, all guarantee the authenticity and integrity of the financial result in this report.
The report is written in both Chinese and English. In case of conflict between the two versions, Chinese version shall prevail.
ⅡⅡⅡⅡ
PART Major Accounting Data and Change of ShareholdersⅠⅠⅠⅠ.
Major Accounting Data
Retroactive Adjustment
□
Yes √ No
|||||
|-|-|-|-|
||January to March, 2014|January to March, 2013|Change（%）|
|Operating Revenue(RMB)|159,887,788.95|152,613,510.49|4.77%|
|Net Profit Attributed to Shareholders of|47,678,424.98|42,813,338.87||
||||11.36%|
|Listed Company (RMB)||||
|Net profit after deducting||||
||45,565,871.51|41,156,705.09|10.71%|
|non-recurring gains& losses(RMB)||||
|Net Cash Flows from Operating|67,329,683.35|88,103,110.20||
||||-23.58%|
|Activities(RMB)||||
|Basic Earnings per Share (RMB/Share)|0.21|0.19|10.53%|
|Diluted Earnings per Share|N/A|N/A||
||||N/A|
|(RMB/Share)||||
|Weighted Average Return on Equity||||
||3.19%|3.27%|-0.08 percentage points|
|（%）||||
||March 31, 2014|December 31, 2013|Change（%）|
|Total Assets(RMB)|4,561,276,317.16|4,501,064,624.96|1.34%|
|Owner’s Equity Attributed to|1,521,030,334.65|1,472,986,548.28||
|Shareholders of Listed|||3.26%|
|Company(RMB)||||

Items of Non-recurring Gains and Losses
√ Applicable
□Inapplicable
|||
|-|-|
|Item|Amount|
|Disposal of non-current assets, including the part offset with the provision for||
||136,399.46|
|impairment of assets||
|Government grants recognized in current year’s profit or loss (except for the||
|fixed or quantitative government grants closely related to the enterprise|1,591,348.22|
|businesses according to the national unified standard)||
|Other non-operating revenue and expenditure excluding the above-mentioned||
||1,926,396.48|
|items||
|Less: Influence on income tax|913,536.04|
|Influence on minority interest (after tax)|628,054.65|
|Total|2,112,553.47|

 For theCompany‘s non-recurring gain/loss items as defined in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering their Securities to the Public– Non-recurring Gains and Losses and its non-recurring gain/loss items as illustrated in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering their Securities to the Public– Non-recurring Gains and Losses which have been defined as recurring gains and losses, it is necessary to explain the reason.
□ Applicable√ Inapplicable
ⅡⅡⅡⅡ.
Number of Shareholders and Shares Held by Top Ten Shareholders
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|Total Shareholders|7,105|||||||||
|Top Ten Shareholders||||||||||
||||||Total||Impawned or|||
|||||Ratio||Non-trada||||
|Name（full name）||Nature|||shares||Frozen Shares|||
|||||（％）||ble shares||||
||||||held||Status||Shares|
|CHINA NANSHAN DEVELOPMENT(GROUP) INCORPORATION||Domestic LegalPerson||51.79%|119,420,000|119,420,000||||
|China Logistics Holding(12) PTE.LTD.||Foreign LegalPerson||19.9%|45,890,000|0||||
|CHINA MECHANTS SECURITIES(HONGKONG) LTD||State-ownedLegal Person||1.45%|3,347,168|0||||
|MATTHEWS CHINA DIVIDEND FUND||Foreign LegalPerson||0.81%|1,861,968|0||||
|GUOTAI JUNAN SECURITIES(HONGKONG)LIMITED||Foreign LegalPerson||0.5%|1,164,042|0||||
|GREENWOODS CHINA ALPHA MASTER FUND||Foreign LegalPerson||0.43%|984,693|0||||
|DEUTSCHE BANK AG LONDON||Foreign LegalPerson||0.36%|833,136|0||||
|VANGUARD TOTAL INTERNATIONAL STOCKINDEX FUND||Foreign LegalPerson||0.33%|756,136|0||||
|LI SHU CHUN||DomesticNatural Person||0.3%|681,720|0||||
|CHINA INT'L CAPITAL CORP HONG KONGSECURITIES LTD||Foreign LegalPerson||0.27%|621,089|0||||
|Top Ten Tradable Shareholders||||||||||
|||||||Type and Amount||||
|Name（full name）|||Shares Held|||||||
|||||||Type||Amount||
|China Logistics Holding(12) PTE.LTD.|||45,890,000|||B||45,890,000||
|CHINA MECHANTS SECURITIES (HONGKONG) LTD|||3,347,168|||B||3,347,168||
|MATTHEWS CHINA DIVIDEND FUND|||1,861,968|||B||1,861,968||
|GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED|||1,164,042|||B||1,164,042||
|GREENWOODS CHINA ALPHA MASTER FUND|||984,693|||B||984,693||
|DEUTSCHE BANK AG LONDON|||833,136|||B||833,136||
|VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND|||756,136|||B||756,136||
|LI SHU CHUN|||681,720|||B||681,720||
|CHINA INT'L CAPITAL CORP HONG KONG SECURITIES LTD|||621,089|||B||621,089||
|LI MING YA|||599,380|||B||599,380||
||||Among the top ten shareholders, the domestic legal|||||||
||||entity shareholder, China Nanshan Development|||||||
||||(Group) Incorporation has no affiliated relations|||||||
||||with other shareholders and does not fall into the|||||||
|Explanation for the Affiliated Relations or United Action of|||scope of united action person stipulated by|||||||
|the Top Ten Shareholders|||“Regulation of Information Disclosure of the|||||||
||||Change of Shareholding of listed company”. It is|||||||
||||unknown that whether other tradable-share|||||||
||||shareholders fall into the scope of united action|||||||
||||person.|||||||

ⅢⅢⅢⅢ
Part Significant Events
ⅠⅠⅠⅠ.
Explanation on the Significant Changes for Main Accounting Data and Financial Indicators.
Unit: RMB
|||||||
|-|-|-|-|-|-|
|No.|Items|1st Quarter of2014|1st Quarter of2013|Change%|Causes of Difference|
|1|Cash and CashEquivalents|382,066,477.32|233,332,680.86|63.74%|Mainly due to expiration of bankfinancing products|
|2|Accounts Receivable|81,636,416.08|55,359,989.14|47.46%|Mainly due to deferred paymentsfrom oil logistics service agreements.|
|3|AccountsPrepayment|1,008,237.88|552,431.59|82.51%|Mainly due to prepayment of oillogistics service equipment|
|4|Interest Receivable|-|4,797,363.01|-100.00%|Mainly due to interest receive of bankfinancing products|
|5|DividendsReceivable|-|48,000,000.00|-100.00%|Mainly due to dividends receivedfrom CSE|
|6|Other Current Assets|345,000,000.00|547,610,000.00|-37.00%|Mainly due to expiration of bankfinancing products|
|7|Other Non-CurrentAssets|73,506,854.81|17,273,362.26|325.55%|Mainly due to increase of projectprepayment|
|8|Selling Expenses|3,600.00|7,506.50|-52.04%|Mainly due to decrease of agent fee|
|9|Equity Earnings|19,662,522.69|12,872,388.83|52.75%|Mainly due to increase from bankfinancing products and affiliatedcompany investment|
|10|Non-operatingIncome|3,491,657.06|2,221,569.94|57.17%|Mainly due to increase of governmentsubsidy to Blogis|
|11|Income TaxExpenses|13,494,451.78|7,738,022.62|74.39%|Mainly due to income increase andincome tax policy adjustment ofShanghai Baowan|
|12|Cash from Sales ofGoods & Services|28,157,569.66|20,508,188.92|37.30%|Mainly due to collective payment of2013 financial year|
|13|Cash paid for OtherOperating-relatedActivities|9,409,359.88|5,718,458.67|64.54%|Mainly due to increase of tenderdeposit compensation|
|14|Cash paid for OtherInvest-relatedActivities|733,990,000.00|1,141,302,690.00|-35.69%|Mainly due to decrease of bankfinancing products purchase|
|15|Cash received fromBorrowings|35,794,222.61|16,458,261.00|117.48%|Mainly due to increase of bankborrowing|
|16|Debt Redemption|100,000.00|2,200,000.00|-95.45%|Mainly due to decrease of bankrepayment|

ⅡⅡⅡⅡ.
Significant Event and its Impact
||
|-|
|The Company is planning for a significant event. The Company’s current shares will be suspended for trading|
|since April 22, 2014 and will be restored as soon as related affairs were determined and disclosed.|

||||
|-|-|-|
|Summary|Disclosure Date|Announcement Index|
|Stock Suspension|April 22, 2014|www.cninfo.com.cn|

ⅢⅢⅢⅢ.
Fulfillment of Commitment by Shareholders with More than5% Shares
|||||||
|-|-|-|-|-|-|
|Commit||||||
||Promisee|Content|Beginning|Deadline|Status|
|ments||||||
||Nanshan|||Subsisting contract||
|||to land use|1997-7-18||On duty|
||Group|||period||
||Nanshan|to resolve payment difficulties in|2012-5-11|Subsisting contract||
||||||On duty|
||Group|opening the Finance Limited||period||
|Other||to provide regular monthly financial||||
||The|||Subsisting contract||
|Commit||reports to the controlling|2007-10-25||On duty|
||Company|||period||
|ments||shareholder||||
||The|About the issue of "medium-term|2012-3-7|Subsisting contract||
||||||On duty|
||Company|notes for 2012" Commitment||period||
||The|About the issue of "12 base debt"|2012-12-17|Subsisting contract||
||||||On duty|
||Company|commitment||period||
|Fulfill||||||
|commit||||||
||Yes|||||
|ments||||||
|timely||||||

The details were published on Securities Times, Hong Kong Commercial Daily and website of http://www.cninfo.com.cn on February 25, 2014.
ⅣⅣⅣⅣ.
Prediction of Business Performance for the first half year of 2014
Prediction and explanation on important changes of profit in next report period
□Applicable√Inapplicable
ⅤⅤⅤⅤ.
Stock Investment
Stock investment
□Applicable
√Inapplicable
VI. Investment of Financial Derivatives
□Applicable
√Inapplicable
VII. Reception of Investors and Medias
|||||||
|-|-|-|-|-|-|
|Time|Location|Method|Type of Visitors|Visitor|Topics Discussed|
||||||Business operation and|
|||||Cederberg Capital UK||
|January 20,|||||development of logistics|
||Shenzhen|Field Research|Institution|LLP;Yuanhao Capital||
|2014|||||parks. Providing Company|
|||||Management||
||||||brochures.|
||||Institution||Business operation and|
|February 18,||||Greenwoods Asset|development of logistics|
||Shenzhen|Field Research||||
|2014||||Management|parks. Providing Company|
||||||brochures.|

ⅣⅣⅣⅣ
Part Financial Statements
ⅠⅠⅠⅠ.
Financial Statements
1. Balance Sheet
Consolidated (Mar 31 2014) Currency: RMB
|||||||
|-|-|-|-|-|-|
||Items||Ending Balance||Beginning Balance|
||Current Assets:|||||
|Cash and Cash Equivalents||382,066,477.32||233,332,680.86||
||Deposit Reservation for Balance|||||
||Lendings to Banks and Other Financial|||||
||Institutions|||||
||Held for Trading Financial Assets|||||
||Notes receivable|||||
||Accounts Receivable|81,636,416.08||55,359,989.14||
||Accounts Prepayment|1,008,237.88||552,431.59||
||Insurance Premium Receivable|||||
||Reinsurance Accounts Receivable|||||
||Reinsurance Reserve Receivable|||||
||Accrued Interest Receivable|||4,797,363.01||
||Dividend Receivable|||48,000,000.00||
||Other Receivables|58,799,296.24||61,658,096.81||
||Redemptory Monetary Capital for Sale|||||
||Inventories|961,414.29||996,356.55||
||Current Portion of Non-current Assets|||||
||Other Current Assets|345,000,000.00||547,610,000.00||
||Sub-total Current Assts|869,471,841.81||952,306,917.96||
||Non-current Assets|||||
|Disbursement of Entrust Loans and Advance||||||
||Financial Assets Available for Sale|||||
||Held-to-maturity Investment|||||
||Long-term Accounts Receivable|||||
||Long-term Investment on Stocks|489,649,740.03||476,253,695.39||
||Investment Real Estate|903,094,502.79||904,216,455.40||
||Fixed Assets|507,334,446.83||516,378,454.46||
||Construction-in-progress|469,985,065.67||376,118,459.02||
||Engineer Material|||||
||Liquidation of Fixed Assets|12,641.47||||
||Capitalized Biological Assets|||||
||Oil and Gas Assets|||||
||Intangible Assets|1,232,891,572.17||1,242,104,033.52||
||Development Expenditure|||||
||Goodwill|||||
||Long-term Deferred Expenses|||||
||Deferred Income Tax Assets|15,329,651.58||16,413,246.95||
||Other Non-current Assets|73,506,854.81||17,273,362.26||

|||||
|-|-|-|-|
||Sub-total Non-current Assets|3,691,804,475.35|3,548,757,707.00|
||Total Assets|4,561,276,317.16|4,501,064,624.96|
||Current Liabilities|||
||Short-term Loans|||
||Borrowing from the Central Bank|||
||Accept Money Deposits and Call Loans from|||
||Banks|||
||Other Financial Institutions|||
||Transactional Monetary Liabilities)|||
||Notes Payable|||
||Accounts Payable|12,134,263.46|10,629,691.02|
||Down payment Received|5,857,967.84|6,130,153.26|
||Financial Assets Sold for Repurchase|||
||Commission Payable|||
||Payroll Payable|20,943,021.50|29,173,650.77|
||Tax Payable|57,213,219.58|47,821,808.03|
||Accrued Interest Payable|26,433,300.21|28,339,479.77|
||Dividend Payable|||
||Other Payables|205,597,167.85|235,814,254.97|
||Dividend Payable for Reinsurance|||
||Reserves for Insurance Contract|||
||Acting Trading Securities|||
||Acting Underwriting Securities|||
||Current Portion of Non-current Liabilities|310,949,351.16|311,049,351.16|
||Other Non-current Liabilities|||
|Sub-total Current Liabilities||639,128,291.60|668,958,388.98|
||Non-current Liabilities|||
||Long-term Loans|221,237,870.57|185,443,647.96|
||Bonds Payable|964,566,000.00|964,195,500.00|
||Long-term Accounts Payable|212,011,691.49|212,011,691.49|
||Special Accounts Payable|||
||Accrued liabilities|||
||Deferred Income Tax Liabilities|||
||Other Non-current Liabilities|718,728,922.87|719,066,260.66|
||Sub-total Non-current Liabilities|2,116,544,484.93|2,080,717,100.11|
||Total Liabilities|2,755,672,776.53|2,749,675,489.09|
||Owner's Equity( Shareholders’ Equity)|||
|Paid-in Capital (Capital Stock)||230,600,000.00|230,600,000.00|
||Capital Reserves|234,141,186.09|234,141,186.09|
||Less : Treasury Stock|||
||Special Reserves|2,988,092.20|2,622,730.81|
||Surplus Reserves|284,684,747.72|284,684,747.72|
||General Risk Reserve|||
||Retained Earnings|768,616,308.64|720,937,883.66|
||Translation Reserve|||

||||
|-|-|-|
|Total Chiwan Base Shareholders’ Equity|1,521,030,334.65|1,472,986,548.28|
|Non-controlling interests|284,573,205.98|278,402,587.59|
|Total Shareholders’ Equity|1,805,603,540.63|1,751,389,135.87|
|Total Liabilities and Equities|4,561,276,317.16|4,501,064,624.96|

 Legal Representative: Chief financialofficer： Financialmanager：
2.Balance Sheet
Parent Company (Mar 31 2014) Currency: RMB
||||||
|-|-|-|-|-|
|Items||Ending Balance||Beginning Balance|
|Current Assets:|||||
|Cash and Cash Equivalents|210,263,797.92||59,429,719.52||
|Held for Trading Financial Assets|||||
|Notes receivable|||||
|Accounts Receivable|68,569,253.42||40,118,181.46||
|Accounts Prepayment|452,053.68||163,921.32||
|Accrued Interest Receivable|0.00||4,797,363.01||
|Dividend Receivable|0.00||48,000,000.00||
|Other Receivables|1,188,072,320.24||1,085,568,875.34||
|Inventories|718,286.89||747,075.29||
|Current Portion of Non-current Assets|||||
|Other Current Assets|345,000,000.00||547,610,000.00||
|Sub-total Current Assts|1,813,075,712.15||1,786,435,135.94||
|Non-current Assets|||||
|Financial Assets Available for Sale|||||
|Held-to-maturity Investment|||||
|Long-term Accounts Receivable|||||
|Long-term Investment on Stocks|1,361,455,499.74||1,348,059,455.10||
|Investment Real Estate|113,097,716.06||106,792,020.08||
|Fixed Assets|72,945,349.23||74,973,379.32||
|Construction-in-progress|1,227,031.75||7,174,594.15||
|Engineer Material|||||
|Liquidation of Fixed Assets|607.47||||
|Capitalized Biological Assets|||||
|Oil and Gas Assets|||||
|Intangible Assets|321,594,278.57||325,806,871.10||
|Development Expenditure|||||
|Goodwill|||||
|Long-term Deferred Expenses|||||
|Deferred Income Tax Assets|151,389.97||151,389.97||
|Other Non-current Assets|543,115.76||585,092.78||
|Sub-total Non-current Assets|1,871,014,988.55||1,863,542,802.50||
|Total Assets|3,684,090,700.70||3,649,977,938.44||
|Current Liabilities|||||
|Short-term Loans|||||
|Transactional Monetary Liabilities|||||
|Notes Payable|||||
|Accounts Payable|12,008,388.05||9,934,722.92||
|Down payment Received|||||
|Payroll Payable|15,417,988.34||19,641,409.26||
|Tax Payable|31,820,162.92||28,393,537.23||
|Accrued Interest Payable|26,435,380.01||28,301,589.75||
|Dividend Payable|||||
|Other Payables|62,586,924.00||65,217,657.24||
|Current Portion of Non-current Liabilities|310,949,351.16||311,049,351.16||
|Other Non-current Liabilities|||||
|Sub-total Current Liabilities|459,218,194.48||462,538,267.56||
|Non-current Liabilities|||||
|Long-term Loans|175,912,319.21||165,048,306.62||
|Bonds Payable|964,566,000.00||964,195,500.00||
|Long-term Accounts Payable|||||
|Special Accounts Payable|||||
|Accrued liabilities|||||
|Deferred Income Tax Liabilities|||||
|Other Non-current Liabilities|718,728,922.87||719,066,260.66||
|Sub-total Non-current Liabilities|1,859,207,242.08||1,848,310,067.28||
|Total Liabilities|2,318,425,436.56||2,310,848,334.84||
|Owner's Equity( Shareholders’ Equity)|||||
|Paid-in Capital (Capital Stock)|230,600,000.00||230,600,000.00||
|Capital Reserves|204,534,849.49||204,534,849.49||

||||
|-|-|-|
|Less : Treasury Stock|||
|Special Reserves|2,896,536.73|2,533,941.99|
|Surplus Reserves|284,684,747.72|284,684,747.72|
|General Risk Reserve|||
|Retained Earnings|642,949,130.20|616,776,064.40|
|Translation Reserve|||
|Total Shareholders’ Equity|1,365,665,264.14|1,339,129,603.60|
|Total Liabilities and Equities|3,684,090,700.70|3,649,977,938.44|

Legal Representative: Chief financialofficer： Financialmanager：
3.Income Statements
Consolidated (From Jan 01 2014 to Mar 31 2014) Currency：RMB
|||||||
|-|-|-|-|-|-|
||Items||Current Period||Same Period Last Year|
||1. Gross Revenue|159,887,788.95||152,613,510.49||
||Incl. Operation Revenue|159,887,788.95||152,613,510.49||
||Interest Revenue|||||
||Earned Premium|||||
||Commission Revenue|||||
||2. Total operating cost|115,860,960.65||111,223,395.76||
||Incl. Operating cost|59,877,024.00||53,858,668.76||
||Interest Expenses|||||
||Commission Expenses|||||
||Surrender Value|||||
||Net Payments for Insurance Claims|||||
||Net Provision for Insurance Contracts|||||
||Expenditures Dividend Policy|||||
||Amortized Reinsurance Expenditures|||||
||Business Tax and Surcharge|6,921,366.26||7,737,876.11||
||Selling Expenses|3,600.00||7,506.50||
||Administrative Expenses|18,775,888.01||16,603,382.04||
||Financial Expenses|30,283,082.38||33,015,962.35||
||Assets Impairment Loss|||||
||Plus: Fair Value change Income(“-” for net loss)|||||
||Investment income(“-” for net loss)|19,662,522.69||12,872,388.83||
||Incl: Investment income from Associate and Joint|13,396,044.64||9,809,703.78||
||venture|||||
||Exchange Earnings(“-” for net loss)|||||
||3. Operating Profits(“-” for net loss)|63,689,350.99||54,262,503.56||
|Plus: Non-operating income||3,491,657.06||2,221,569.94||
||Less: non-operating expenses|-162,487.10||7,424.00||
||Incl: Loss of Liquidation of non-current Assets|566.24||0.00||
||4. Total profit(“-” for net loss)|67,343,495.15||56,476,649.50||
||Less: Income taxes expenses|13,494,451.78||7,738,022.62||
||5. Net profit(“-” for net loss)|53,849,043.37||48,738,626.88||
||Incl: Net profit recognised before the merger|||||
||Net Profit attributable to controlling interests|47,678,424.98||42,813,338.87||
||Net Profit attributable to non-controlling interests|6,170,618.39||5,925,288.01||
||6. Earnings per share|||||
||1) basic earnings per share|0.21||0.19||
||2)diluted earnings per share|Not applicable||Not applicable||
||7. Other comprehensive income|||||
||8. Total comprehensive income|53,849,043.37||48,738,626.88||
||Total comprehensive income attributable to the owners of|47,678,424.98||42,813,338.87||
||parent company|||||
||Total comprehensive income attributable to non-controlling|6,170,618.39||5,925,288.01||
||interests|||||

Legal Representative: Chief financialofficer： Financialmanager：
4.Income Statements
Parent company (From Jan 01 2014 to Mar 31 2014) Currency：RMB
||||||
|-|-|-|-|-|
|Items||Current Period||Same Period Last Year|
|1. Operating income|70,762,889.28||69,580,558.23||
|Less: Operating costs|30,760,233.29||26,260,120.49||
|Selling Expenses|1,555,328.97||1,542,324.40||
|Business taxes and levies|||||
|Administrative expenses|9,465,321.33||9,225,230.57||
|Financial expenses|19,019,369.79||21,521,442.42||
|Impairment loss of assets|||||
|Add: Investment income|19,662,522.69||12,872,388.83||
|Incl: Income from investments in associates and joint|13,396,044.64||9,809,703.78||
|ventures|||||
|2. Operating profit|29,625,158.59||23,903,829.18||
|Add: Non-operating income|809,480.51||2,162,144.87||
|Less: Non-operating expenses|2,566.24||2,080.00||
|Incl: Losses from disposal of non-current assets|566.24||||
|3. Total profit|30,432,072.86||26,063,894.05||
|Less: Income tax expenses|4,259,007.06||4,063,547.57||
|4. Net profit|26,173,065.80||22,000,346.48||
|5. Earnings per share:||--||--|
|1) Basic earnings per share|Not applicable||Not applicable||
|2) Diluted earnings per share|Not applicable||Not applicable||
|6. Other comprehensive income|||||
|7. Total comprehensive income|26,173,065.80||22,000,346.48||

 Legal Representative: Chief financialofficer： Financialmanager：
5.Cash Flow Statements
Consolidated (From Jan 01 2014 to Mar 31 2014) Currency：RMB
||||||
|-|-|-|-|-|
|Items||Current Period||Same Period Last Year|
|1. Cash Flows from Operating Activities|||||
|Cash from Sales of Goods & Services|142,895,615.04||146,760,032.28||
|Net Increase in Customer Bank Deposits and due to Banks and Other Financial|||||
|InstitutionsNet Increase in Borrowings from Central Bank|||||
|Net Increase in Placements from Other Financial Institutions|||||
|Cash from Insurance Premium of Original Insurance Contracts|||||
|Net cash received from reinsurance business|||||
|Net increase in deposits from policyholders|||||
|Net increase from disposal of tradable financial assets|||||
|Cash from Interest、 Handling Charges and commission Income|||||
|Net Increase in Placements from Banks and Other Financial Institutions|||||
|Net Increase in Repurchase Business Capital|||||
|Tax Refunds|653,064.01||||
|Cash from Other Operating-related Activities|8,405,089.22||11,118,118.76||
|Sub-total of Cash Inflows from Operating Activities|151,953,768.27||157,878,151.04||
|Cash Paid for Purchasing of Goods &Services|28,157,569.66||20,508,188.92||
|Net Increase in Loans and Advances to Customers|||||
|Net Increase in Deposits with Central Bank and Other Financial Institutions|||||
|Cash paid for Claims of Original Insurance Contracts|||||
|Cash Paid for Interest、 Handling Charges and commission Income|||||
|Cash paid for policy dividends|||||
|Cash paid for staffs|27,441,521.85||24,738,086.24||
|Taxes and dues|19,615,633.53||18,810,307.01||
|Cash Paid for Other Operating-related Activities|9,409,359.88||5,718,458.67||
|Sub-total of Cash Outflows from Operating Activities|84,624,084.92||69,775,040.84||
|Net Cash Flows from Operating Activities|67,329,683.35||88,103,110.20||
|2. Cash Flows from Investing Activities|||||
|Cash from Disinvestment|||||
|Cash from Investment Income|48,000,000.00||||
|Net Cash from Disposal of Fixed Assets, Intangible Assets and Other|||10,880.00||
|Long-term AssetsNet Cash Received from Disposal of Subsidiaries and Other Business Units|||||
|Cash Received from Other Investing-related Activities|947,663,841.06||755,259,825.19||
|Sub-total of Cash Inflows from Investing Activities|995,663,841.06||755,270,705.19||
|Cash Paid for Construction of Fixed Assets, Intangible Assets and Other Long-term|183,361,606.99||156,843,937.51||
|AssetsCash Paid for Investment|||||
|Net Increase in Pledge Loans|||||
|Net Cash Paid for Acquisition of Subsidiaries and Other Business Units|||||
|Cash Paid for Other Investing-related Activities|733,990,000.00||1,141,302,690.00||
|Sub-total of Cash Outflows from Investing Activities|917,351,606.99||1,298,146,627.51||
|Net Cash Flows from Investing Activities|78,312,234.07||-542,875,922.32||
|3.Cash Flows from Financing Activities|||||
|Cash Received from Absorbing Investment|||||
|incl : Cash from absorbing minority investment|||||
|Cash received from Borrowings|35,794,222.61||16,458,261.00||
|Cash Received from Bonds Issuance|||||
|Cash from Other Financing-related Activities|||||

||||
|-|-|-|
|Sub-total of Cash Inflows from Financing Activities|35,794,222.61|16,458,261.00|
|Debt Redemption|100,000.00|2,200,000.00|
|Cash Paid for Dividends or Interests|31,401,143.57|35,985,432.59|
|incl : Dividends and profits paid by subsidiaries to minorities|||
|Cash Paid for Other Financing-related Activities|1,201,200.00||
|Sub-total of Cash Outflows from Financing Activities|32,702,343.57|38,185,432.59|
|Net Cash Flows from Financing Activities|3,091,879.04|-21,727,171.59|
|4. Influence from Fluctuations in Exchange for Cash and Cash Equivalents|||
|5. Net Increase in Cash and Cash Equivalents|148,733,796.46|-476,499,983.71|
|Plus: Beginning Balance of Cash and Cash Equivalents|233,332,680.86|893,354,140.32|
|6. Ending Balance of Cash and Cash Equivalents|382,066,477.32|416,854,156.61|

 Legal Representative: Chief financialofficer： Financialmanager：
6.Cash Flow Statements
Parent company (From Jan 01 2014 to Mar 31 2014) Currency：RMB
||||||
|-|-|-|-|-|
|Items||Current Period||Same Period Last Year|
|1. Cash Flows from Operating Activities|||||
|Cash from Sales of Goods & Services|345,232,322.35||308,213,737.01||
|Tax Refunds|||||
|Cash from Other Operating-related Activities|42,528,320.46||15,347,733.16||
|Sub-total of Cash Inflows from Operating Activities|387,760,642.81||323,561,470.17||
|Cash Paid for Purchasing of Goods &Services|68,188,823.12||70,886,553.22||
|Cash paid for staffs|46,185,517.92||38,165,319.66||
|Taxes and dues|38,655,940.19||40,531,265.68||
|Cash Paid for Other Operating-related Activities|36,940,512.73||22,617,559.38||
|Sub-total of Cash Outflows from Operating Activities|189,970,793.96||172,200,697.94||
|Net Cash Flows from Operating Activities|197,789,848.85||151,360,772.23||
|2. Cash Flows from Investing Activities|||||
|Cash from Disinvestment|||||
|Cash from Investment Income|53,781,013.32||38,380,837.73||
|Net Cash from Disposal of Fixed Assets, Intangible Assets|10,880.00||20,000.00||
|and Other Long-term Assets|||||
|Net Cash Received from Disposal of Subsidiaries and|||||
|Other Business Units|||||
|Cash Received from Other Investing-related Activities|4,897,238,903.79||2,942,344,761.60||
|Sub-total of Cash Inflows from Investing Activities|4,951,030,797.11||2,980,745,599.33||
|Cash Paid for Construction of Fixed Assets, Intangible Assets|15,852,799.13||15,041,108.95||
|and Other Long-term Assets|||||
|Cash Paid for Investment|||100,000,000.00||
|Net Cash Paid for Acquisition of Subsidiaries and Other Business|||||
|Units|||||
|Cash Paid for Other Investing-related Activities|5,408,507,289.50||2,987,234,846.96||
|Sub-total of Cash Outflows from Investing Activities|5,424,360,088.63||3,102,275,955.91||
|Net Cash Flows from Investing Activities|-473,329,291.52||-121,530,356.58||
|3.Cash Flows from Financing Activities|||||
|Cash Received from Absorbing Investment|||||
|Cash received from Borrowings|48,284,455.06||773,763,851.56||
|Cash Received from Bonds Issuance|||970,000,000.00||
|Cash from Other Financing-related Activities|8,250,591.23||568,599.54||
|Sub-total of Cash Inflows from Financing Activities|56,535,046.29||1,744,332,451.10||
|Debt Redemption|406,600,000.00||1,060,420,000.00||
|Cash Paid for Dividends or Interests|116,164,257.09||99,334,118.08||
|Cash Paid for Other Financing-related Activities|52,348,815.94||84,859,680.95||
|Sub-total of Cash Outflows from Financing Activities|575,113,073.03||1,244,613,799.03||
|Net Cash Flows from Financing Activities|-518,578,026.74||499,718,652.07||
|4. Influence from Fluctuations in Exchange for Cash and Cash|-64,990.87||-162,789.79||
|Equivalents|||||
|5. Net Increase in Cash and Cash Equivalents|-794,182,460.28||529,386,277.93||
|Plus: Beginning Balance of Cash and Cash Equivalents|853,607,179.80||324,220,901.87||
|6. Ending Balance of Cash and Cash Equivalents|59,424,719.52||853,607,179.80||

 Legal Representative: Chief financialofficer： Financialmanager：
ⅡⅡⅡⅡ.
Audit Report
Audit Opinion
The first quarterly report is unaudited.
Board of Directors
Shenzhen Chiwan Petroleum Supply Base Co., Ltd. April 30, 2014