SHENZHEN CHIWAN PETROLEUM SUPPLY BASE CO., LTD.
FULL TEXT OF FIRST QUARTERLY REPORT OF 2015 Part I 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.
PART II Major Accounting Data and Change of ShareholdersⅠ. Major Accounting Data
||||||
|-|-|-|-|-|
|||January to March, 2014||Change（%）|
||January to March, 2015|Before|||
||||After Adjustment|After Adjustment|
|||Adjustment|||
|Operating Revenue(RMB)|147,824,556.91|159,887,788.95|159,887,788.95|-7.54%|
|Net Profit Attributed to Shareholders|22,604,615.62||47,441,315.82||
|||47,678,424.98||-52.35%|
|of Listed Company (RMB)|||||
|Net Profit after Deducting|||||
||21,078,656.96|45,565,871.51|45,328,762.35|-53.50%|
|Non-recurring Gains &Losses(RMB)|||||
|Net Cash Flows from Operating|78,023,735.31||67,446,045.71||
|||67,329,683.35||15.68%|
|Activities(RMB)|||||
|Basic Earnings per Share|0.10||0.21||
|||0.21||-52.38%|
|(RMB/Share)|||||
|Diluted Earnings per Share|N/A||N/A||
|||N/A||N/A|
|(RMB/Share)|||||
|Weighted Average Return on Equity|||||
||1.33%|3.19%|2.77%|-1.44%|
|（%）|||||
|||December 31, 2014||Change（%）|
||March 31, 2015|Before|||
||||After Adjustment|After Adjustment|
|||Adjustment|||
|Total Assets(RMB)|5,432,710,876.28|5,389,629,871.81|5,389,629,871.81|0.80%|
|Owner‟s Equity Attributed to|1,712,761,095.80||1,690,486,032.37||
|Shareholders of Listed||1,690,486,032.37||1.32%|
|Company(RMB)|||||

Note:
Blogis (Hongkong) Limited has acquired100% equity of China Huitong (H.K.) Limited in October, 2014. According to the Accounting Standards for Business Enterprises (the “ASBEs”), the acquisition results in changes of consolidation scope due to business combination involving enterprises under common control and restating the financial report for the first quarter of 2014.
Items of Non-recurring Gains and Losses
√ Applicable□Inapplicable
||||
|-|-|-|
|Item|Amount|Note|
|Disposal of non-current assets, including the part offset|||
||-4,137.29||
|with the provision for impairment of assets|||
|Government grants recognized in current year‟s profit or|||
|||Receipts from support fund|
|loss (except for the fixed or quantitative government|||
||2,473,300.00|for modern logistics in|
|grants closely related to the enterprise businesses|||
|||Chengdu|
|according to the national unified standard)|||
|Other non-operating revenue and expenditure excluding|||
||-48,395.17||
|the above-mentioned items|||
|Less: Influence on income tax|448,517.91||
|Influence on minority interest (after tax)|446,290.97||
|Total|1,525,958.66|--|

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
II. 1. Number of Shareholders and Shares Held by Top Ten Shareholders
||||||||||
|-|-|-|-|-|-|-|-|-|
|Total shareholders in reporting period|7,037||||||||
|Top Ten Common Shareholders|||||||||
|||||||Impawned or Frozen|||
|||Ratio||Total shares|Non-tradable||||
|Name|Nature|||||Shares|||
|||（％）||held|shares||||
|||||||Status||Shares|
|CHINA NANSHAN DEVELOPMENT(GROUP) INCORPORATION|Domestic LegalPerson|51.79%||119,420,000|119,420,000||||
|||||||-||0|
|China Logistics Holding (12) PTE.LTD.|Foreign LegalPerson|19.90%||45,890,000|0||||
|||||||-||Unknown|
|CHINA MECHANTS SECURITIES(HONGKONG) LTD|State-owned LegalPerson|1.46%||3,361,068|0||||
|||||||-||Unknown|
|MATTHEWS CHINA DIVIDEND FUND|Foreign LegalPerson|0.81%||1,861,968|0||||
|||||||-||Unknown|
|GUOTAI JUNANSECURITIES(HONGKONG) LIMITED|Foreign LegalPerson|0.55%||1,275,742|0||||
|||||||-||Unknown|
|GREENWOODS CHINA ALPHAMASTER FUND|Foreign LegalPerson|0.43%||984,693|0||||
|||||||-||Unknown|
|DEUTSCHE BANK AG LONDON|Foreign LegalPerson|0.36%||833,136|0||||
|||||||-||Unknown|
|VANGUARD TOTAL INTERNATIONALSTOCK INDEX FUND|Foreign LegalPerson|0.33%||756,136|0||||
|||||||-||Unknown|
|LI SHU CHUN|Domestic NaturalPerson|0.30%||681,720|0||||
|||||||-||Unknown|
|CHINA INT'L CAPITAL CORP HONGKONG SECURITIES LTD|Foreign LegalPerson|0.27%||631,089|0||||
|||||||-||Unknown|
|Top Ten Tradable Shareholders|||||||||
||||||Type||||
|Name|||Shares Held||||||
||||||Type||Shares||
|China Logistics Holding (12) PTE.LTD.|||45,890,000||B||45,890,000||
|CHINA MECHANTS SECURITIES (HONGKONG) LTD|||3,361,068||B||3,361,068||
|MATTHEWS CHINA DIVIDEND FUND|||1,861,968||B||1,861,968||
|GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED|||1,275,742||B||1,275,742||
|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|||631,089||B||631,089||
|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||||||
|Explanation for the Affiliated Relations or United Action of the Top|||shareholders and does not fall into the scope of united action||||||
|Ten Shareholders|||person stipulated by “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.||||||

Whether top ten common shareholders or top ten non-restricted common shareholders appointed repurchase transaction during reporting period
□ Yes√ No
2. Particulars about Preferred Share
□ Applicable√ Inapplicable
Part III Significant Events
I. Explanation on the Significant Changes for Main Accounting Data and Financial Indicators
Unit: RMB 1st
1st
|||||||
|-|-|-|-|-|-|
|No|Items|1st Quarterof 2015/Mar 31, 2015|1st Quarter of2014/Dec 31, 2014|Change(%)|Causes for Difference|
|1|Notes Receivable|20,000,000.00|10,000,000.00|100.00%|Mainly due to receipt from bankacceptance for Nanjing Baowan|
|2|Accounts Prepayment|787,906.76|373,220.41|111.11%|Mainly due to insurance feeprepayment|
|3|Interest Receivable|-|3,573,311.30|-100.00%|Mainly due to income fromfinancing products|
|4|Accounts Payable|15,183,071.35|10,358,009.24|46.58%|Mainly due to delay in payment of landrent by offshore logistics division|
|5|Receipts In Advance|3,089,383.24|5,067,901.21|-39.04%|Mainly due to decrease ofprepayment for warehouse andstorage fees|
|6|Employee BenefitsPayable|20,111,155.49|31,424,490.98|-36.00%|Mainly due to payment bonus forlast year|
|7|Other ComprehensiveIncome|-195,661.65|652,079.14|100.00%|Mainly due to translationdifferences arising on translation offinancial statements denominated inforeign currencies|
|8|Business taxes andlevies|9,241,038.32|6,921,366.26|33.51%|Mainly due to expiration of taxpreferential policy for land use|
|9|Selling Expenses|260,386.09|3,600.00|7132.95%|Mainly due to increase ofintermediary fees|
|10|Income Tax Expenses|4,875,065.99|13,416,976.01|-63.66%|Mainly due to decrease of totalprofit|
|11|Other cash receiptsrelating to operatingactivities|14,325,008.93|8,616,806.56|66.24%|Mainly due to increase of cashdeposit|
|12|Payments of varioustaxes|25,614,287.25|19,615,633.53|30.58%|Mainly due to increase of taxprepayment for the fourth quarterlast year|
|13|Cash receipts frominvestment income|14,329,928.96|48,000,000.00|-70.15%|Because the Company received CSE‟sdividends for 2014 in the reportingperiod; while in last period the receiveddividends from CSE is cumulativedividends for previous years.|
|14|Other cash receiptsrelating to investingactivities|444,887,865.51|1,070,079,503.30|-58.42%|Mainly due to decrease ofpurchasing financial product|
|15|Cash payments toacquire or constructfixed assets, intangibleassets and otherlong-term assets|174,500,696.11|314,666,238.39|-44.54%|Mainly due to land payment lastperiod|
|16|Other cash paymentsrelating to investingactivities|363,000,000.00|733,990,000.00|-50.54%|Mainly due to decrease ofpurchasing financial product|
|17|Cash receipts fromborrowings|64,517,851.59|46,794,222.61|37.88%|Mainly due to increase of bankborrowing|
|18|Cash repayments ofborrowings|1,051,000.00|100,000.00|951.00%|Mainly due to increase of bankrepayment|

II. Significant Event and its Impact
□ Applicable√ Inapplicable
III. Fulfillment of Commitment by Shareholders with More than5% Shares
|||||||
|-|-|-|-|-|-|
|Commit||||||
||Promisee|Content|Beginning|Deadline|Status|
|ments||||||
||Nanshan|||||
|||to land use|1997-8-1|2022-7-31|On duty|
||Group|||||
||Nanshan|to resolve payment difficulties in||||
||||2014-1-6|2017-1-5|On duty|
||Group|opening the Finance Limited||||
|Other||to provide regular monthly financial||||
||The|||||
|Commit||reports to the controlling|2007-10-25|Long term effective|On duty|
||Company|||||
|ments||shareholder||||
||The|About the issue of "medium-term||||
||||2012-3-7|2017-3-6|On duty|
||Company|notes for 2012" Commitment||||
||The|About the issue of "12 base debt"||||
||||2013-1-9|2020-1-8|On duty|
||Company|commitment||||
|Fulfill||||||
|commit||||||
||Yes|||||
|ments||||||
|timely||||||

IV. Prediction of Business Performance for the first half year of 2015
Prediction and explanation on important changes of profit in next report period
□Applicable√ Inapplicable
V. Stock Investment
Stock investment
□Applicable√ Inapplicable
VI. Investment of Financial Derivatives
□Applicable√ Inapplicable
VII. Reception of Investors and Medias
According to relative regulations of standard operational guidelines for listed companies issued by Shenzhen Stock Exchange and working system in management of investor relationship of the Company, the Company carried out the principles of fairness, justice and publicity when receiving interview and investigation and developing activities, guaranteed all investors enjoying right to learn the truth, other lawful rights and interests, introduced practical situation of the Company and prevented the Company from leaking information and related insider dealing. The Company has ensured the communication ways successfully for the investors and received many enquires by telephone and irm.cninfo.com.cn. But there are no investors asking for visiting on the spot or submitting written questionnaires.
Part IV Financial Statements
1.Balance Sheet
Consolidated Currency: RMB
||||
|-|-|-|
|Items|Ending Balance|Beginning Balance|
|Current Assets:|||
|Cash And Bank Balances|407,055,553.31|375,328,861.18|
|Notes Receivable|20,000,000.00|10,000,000.00|
|Accounts Receivable|48,331,033.05|53,234,644.64|
|Prepayments|787,906.76|373,220.41|
|Interest Receivable|-|3,573,311.30|
|Dividends Receivable|||
|Other Receivables|49,009,018.71|61,287,160.23|
|Inventories|992,312.85|1,054,046.42|
|Other Current Assets|313,000,000.00|390,000,000.00|
|Total Current Assets|839,175,824.68|894,851,244.18|
|Non-Current Assets:|||
|Long-Term Equity Investments|539,536,468.41|537,962,041.17|
|Investment Properties|1,255,399,125.94|1,267,169,209.29|
|Fixed Assets|766,247,046.02|777,313,197.48|
|Construction In Progress|362,479,027.60|300,456,627.34|
|Fixed Assets Disposal|-12,172.91||
|Intangible Assets|1,404,424,966.56|1,341,187,179.75|
|Deferred Tax Assets|18,630,295.72|17,117,751.96|
|Other Non-Current Assets|246,830,294.26|253,572,620.64|
|Total Non-Current Assets|4,593,535,051.60|4,494,778,627.63|
|Total Assets|5,432,710,876.28|5,389,629,871.81|
|Current Liabilities:|||
|Accounts Payable|15,183,071.35|10,358,009.24|
|Receipts In Advance|3,089,383.24|5,067,901.21|
|Employee Benefits Payable|20,111,155.49|31,424,490.98|
|Taxes Payable|40,286,700.33|40,439,178.66|
|Interest Payable|38,463,754.08|36,404,811.44|
|Other Payables|398,685,654.42|439,034,917.38|

||||
|-|-|-|
|Non-Current Liabilities Due Within One Year|1,349,351.16|1,349,351.16|
|Other Current Liabilities|300,000,000.00|300,000,000.00|
|Total Current Liabilities|817,169,070.07|864,078,660.07|
|Non-Current Liabilities:|||
|Long-Term Borrowings|454,236,817.97|390,816,685.64|
|Bonds Payable|966,048,000.00|965,677,500.00|
|Long-Term Payables|251,417,853.31|251,417,853.31|
|Deferred Income|1,481,250.00|1,500,000.00|
|Other Non-Current Liabilities|927,379,571.71|927,716,909.50|
|Total Non-Current Liabilities|2,600,563,492.99|2,537,128,948.45|
|Total Liabilities|3,417,732,563.06|3,401,207,608.52|
|Shareholders' Equity:|||
|Share Capital|230,600,000.00|230,600,000.00|
|Capital Reserve|234,141,186.09|234,141,186.09|
|Other Comprehensive Income|-195,661.65|652,079.14|
|Special Reserve|4,758,336.09|4,240,147.49|
|Surplus Reserve|307,084,630.25|307,084,630.25|
|Unappropriated Profits|936,372,605.02|913,767,989.40|
|Total Shareholders' Equity Attributable To Equity HoldersOf The Company|1,712,761,095.80|1,690,486,032.37|
|Minority Interests|302,217,217.42|297,936,230.92|
|Total Shareholders' Equity|2,014,978,313.22|1,988,422,263.29|
|Total Liabilities And Shareholders' Equity|5,432,710,876.28|5,389,629,871.81|

 Legal Representative: Tian Junyan Chief Financial Officer: Yu Zhongxia Financial Manager: Sun Yuhui
2.Balance Sheet
Parent Company Currency: RMB
||||
|-|-|-|
|Items|Ending Balance|Beginning Balance|
|Current Assets:|||
|Cash And Bank Balances|55,910,295.90|110,176,958.92|
|Notes Receivable|||
|Accounts Receivable|24,170,359.06|34,383,433.27|
|Prepayments|516,372.95|162,238.73|
|Interest Receivable||3,242,328.77|
|Dividends Receivable|||
|Other Receivables|1,500,799,180.11|1,479,302,828.83|
|Inventories|625,687.11|618,056.60|
|Other Current Assets|313,000,000.00|278,000,000.00|
|Total Current Assets|1,895,021,895.13|1,905,885,845.12|
|Non-Current Assets:|||
|Long-Term Equity Investments|1,424,842,228.12|1,409,767,800.88|
|Investment Properties|106,498,277.03|107,855,864.11|
|Fixed Assets|68,185,784.97|70,348,373.29|
|Construction In Progress|26,261,455.49|23,265,903.87|
|Fixed Assets|-20,876.67||
|Intangible Assets|304,797,720.00|308,975,078.68|
|Deferred Tax Assets|137,885.22|137,885.22|
|Other Non-Current Assets|375,207.68|417,184.70|
|Total Non-Current Assets|1,931,077,681.84|1,920,768,090.75|
|Total Assets|3,826,099,576.97|3,826,653,935.87|
|Current Liabilities:|||
|Accounts Payable|15,007,207.26|10,133,886.43|
|Receipts In Advance|||
|Employee Benefits Payable|16,366,613.73|22,196,600.51|
|Taxes Payable|21,483,246.14|26,735,284.42|
|Interest Payable|38,397,879.98|36,195,924.54|
|Other Payables|70,867,290.11|74,542,526.68|
|Non-Current Liabilities Due Within One Year|1,349,351.16|1,349,351.16|

||||
|-|-|-|
|Other Current Liabilities|300,000,000.00|300,000,000.00|
|Total Current Liabilities|463,471,588.38|471,153,573.74|
|Non-Current Liabilities:|||
|Long-Term Borrowings|182,524,302.04|182,524,302.04|
|Bonds Payable|966,048,000.00|965,677,500.00|
|Long-Term Payables|||
|Deferred Income|||
|Other Non-Current Liabilities|717,379,571.71|717,716,909.50|
|Total Non-Current Liabilities|1,865,951,873.75|1,865,918,711.54|
|Total Liabilities|2,329,423,462.13|2,337,072,285.28|
|Shareholders' Equity:|||
|Share Capital|230,600,000.00|230,600,000.00|
|Capital Reserve|204,534,849.49|204,534,849.49|
|Other Comprehensive Income|||
|Special Reserve|4,599,876.09|4,103,762.23|
|Surplus Reserve|307,084,630.25|307,084,630.25|
|Unappropriated Profits|749,856,759.01|743,258,408.62|
|Total Shareholders' Equity|1,496,676,114.84|1,489,581,650.59|
|Total Liabilities And Shareholders' Equity|3,826,099,576.97|3,826,653,935.87|

 Legal Representative: Tian Junyan Chief Financial Officer: Yu Zhongxia Financial Manager: Sun Yuhui
3.Income Statements
Consolidated Currency: RMB
||||
|-|-|-|
|Items|Current Period|Same Period LastYear(Restated)|
|I. Total operating income|147,824,556.91|159,887,788.95|
|Including:Operating income|147,824,556.91|159,887,788.95|
|Less: Total operating costs|135,622,593.88|116,250,625.82|
|Including:Operating costs|68,137,919.07|59,877,024.00|
|Business taxes and levies|9,241,038.32|6,921,366.26|
|Selling expenses|260,386.09|3,600.00|
|General and administrative expenses|21,167,031.86|18,935,574.83|
|Financial expenses|36,816,218.54|30,513,060.73|
|Impairment losses of assets|-|-|
|Add: Investment income|17,386,035.41|19,737,602.93|
|Including: Income from investments inassociates andjoint ventures|15,904,356.20|13,396,044.64|
|II. Operating profit|29,587,998.44|63,374,766.06|
|Add: Non-operating income|2,506,166.09|3,491,657.06|
|Less: Non-operating expenses|85,398.55|-162,487.10|
|Including: Losses from disposal of non-current assets|4,137.29|566.24|
|III. Gross profit|32,008,765.98|67,028,910.22|
|Less: Income tax expenses|4,875,065.99|13,416,976.01|
|IV. Net profit|27,133,699.99|53,611,934.21|
|Net profit attributable to owners of the Company|22,604,615.62|47,441,315.82|
|Profit or loss attributable to minority shareholders|4,529,084.37|6,170,618.39|
|V. Post-tax net value of other comprehensive income|-1,095,838.66|-|
|Post-tax net value of other comprehensive incomeattributable to owners of the Company|-847,740.79|-|
|Including: Translation differences arising on translationof financial statements denominated in foreigncurrencies|-847,740.79||
|Post-tax net value of other comprehensive incomeattributable to minority shareholders|-248,097.87||
|VI. Total comprehensive income:|26,037,861.33|53,611,934.21|
|Total comprehensive income attributable to owners ofthe Company|21,756,874.83|47,441,315.82|

||||
|-|-|-|
|Total comprehensive income attributable to minorityshareholders|4,280,986.50|6,170,618.39|
|VII. Earnings per share:|||
|(I) Basic earnings per share|0.10|0.21|
|(II) Diluted earnings per share|N/A|N/A|

 Legal Representative: Tian Junyan Chief Financial Officer: Yu Zhongxia Financial Manager: Sun Yuhui
4.Income Statements
Parent company Currency: RMB
||||
|-|-|-|
|Items|Current Period|Same Period Last Year|
|I. Operating income|41,244,801.46|70,762,889.28|
|Less: Operating costs|27,526,838.14|30,760,233.29|
|Business taxes and levies|1,414,233.85|1,555,328.97|
|General and administrative expenses|10,401,190.06|9,465,321.33|
|Financial expenses|15,738,088.12|19,019,369.79|
|Impairment loss of assets|-|-|
|Add: Investment income|17,330,364.17|19,662,522.69|
|Including: Income from investments in associates andjoint ventures|15,904,356.20|13,396,044.64|
|II. Operating profit|3,494,815.46|29,625,158.59|
|Add: Non-operating income|1,533.00|809,480.51|
|Less: Non-operating expenses|-|2,566.24|
|Including: Losses from disposal of non-current assets|-|566.24|
|III. Gross profit|3,496,348.46|30,432,072.86|
|Less: Income tax expenses|-3,102,001.93|4,259,007.06|
|IV. Net profit|6,598,350.39|26,173,065.80|
|V. Other comprehensive income|||
|VI. Total comprehensive income|6,598,350.39|26,173,065.80|
|VII. Earnings per share:|||
|(I) Basic earnings per share|N/A|N/A|
|(II) Diluted earnings per share|N/A|N/A|

 Legal Representative: Tian Junyan Chief Financial Officer: Yu Zhongxia Financial Manager: Sun Yuhui
5.Cash Flow Statements
Consolidated Currency: RMB
||||
|-|-|-|
|Items|Current Period|Same Period LastYear(Restated)|
|I. Cash Flows from Operating Activities:|||
|Cash receipts from sales of goods and rendering of services|159,179,891.36|142,895,615.04|
|Tax Refunds||653,064.01|
|Other cash receipts relating to operating activities|14,325,008.93|8,616,806.56|
|Sub-total of cash inflows from operating activities|173,504,900.29|152,165,485.61|
|Cash payments for goods purchased and services received|27,008,442.07|28,157,569.66|
|Cash payments to and on behalf of employees|32,722,930.92|27,444,258.85|
|Payments of various taxes|25,614,287.25|19,615,633.53|
|Other cash payments relating to operating activities|10,135,504.74|9,501,977.86|
|Sub-total of cash outflows from operating activities|95,481,164.98|84,719,439.90|
|Net Cash Flows from Operating Activities|78,023,735.31|67,446,045.71|
|II. Cash Flows from Investing Activities:|||
|Cash receipts from investment income|14,329,928.96|48,000,000.00|
|Net cash receipts from disposal of fixed assets, intangibleassets and other long-term assets|10,100.00|-|
|Other cash receipts relating to investing activities|444,887,865.51|1,070,079,503.30|
|Sub-total of cash inflows from investing activities|459,227,894.47|1,118,079,503.30|
|Cash payments to acquire or construct fixed assets,intangible assets and other long-term assets|174,500,696.11|314,666,238.39|
|Other cash payments relating to investing activities|363,000,000.00|733,990,000.00|
|Sub-total of cash outflows from investing activities|537,500,696.11|1,048,656,238.39|
|Net Cash Flows from Investing Activities|-78,272,801.64|69,423,264.91|
|III. Cash Flows from Financing Activities:|||
|Cash receipts from borrowings|64,517,851.59|46,794,222.61|
|Sub-total of cash inflows from financing activities|64,517,851.59|46,794,222.61|
|Cash repayments of borrowings|1,051,000.00|100,000.00|
|Cash payments for distribution of dividends or profits orsettlement of interest expenses|30,296,793.30|31,401,143.57|
|Other cash payments relating to financing activities|1,201,200.00|1,201,200.00|
|Sub-total of cash outflows from financing activities|32,548,993.30|32,702,343.57|
|Net Cash Flows from Financing Activities|31,968,858.29|14,091,879.04|

||||
|-|-|-|
|IV. Effect of Foreign Exchange Rate Changes on Cashand Cash Equivalents|6,900.17|-438,318.71|
|V. Net Increase(Decrease)in Cash and Cash Equivalents|31,726,692.13|150,522,870.95|
|Add: Opening balance of Cash and Cash Equivalents|375,328,861.18|299,910,369.63|
|VI. Closing Balance of Cash and Cash Equivalents|407,055,553.31|450,433,240.58|

 Legal Representative: Tian Junyan Chief Financial Officer: Yu Zhongxia Financial Manager: Sun Yuhui
6.Cash Flow Statements
Parent company Currency: RMB
||||
|-|-|-|
|Items|Current Period|Same Period Last Year|
|I. Cash Flows from Operating Activities:|||
|Cash receipts from sales of goods and rendering ofservices|53,272,167.52|46,932,289.01|
|Tax Refunds|-|653,064.01|
|Other cash receipts relating to operating activities|3,378,121.68|805,224.81|
|Sub-total of cash inflows from operating activities|56,650,289.20|48,390,577.83|
|Cash payments for goods purchased and services received|9,074,775.80|16,375,260.09|
|Cash payments to and on behalf of employees|18,639,656.62|15,549,275.61|
|Payments of various taxes|5,929,924.01|6,004,974.89|
|Other cash payments relating to operating activities|6,689,778.39|6,097,824.03|
|Sub-total of cash outflows from operating activities|40,334,134.82|44,027,334.62|
|Net Cash Flows from Operating Activities|16,316,154.38|4,363,243.21|
|II. Cash Flows from Investing Activities:|||
|Cash receipts from investment income|14,329,928.96|48,000,000.00|
|Other cash receipts relating to investing activities|364,668,336.74|1,137,663,841.06|
|Sub-total of cash inflows from investing activities|378,998,265.70|1,185,663,841.06|
|Cash payments to acquire or construct fixed assets,intangible assets and other long-term assets|5,330,185.47|987,372.49|
|Cash Paid for Investment|13,500,000.00|-|
|Other cash payments relating to investing activities|401,226,716.58|1,014,912,490.45|
|Sub-total of cash outflows from investing activities|420,056,902.05|1,015,899,862.94|
|Net Cash Flows from Investing Activities|-41,058,636.35|169,763,978.12|
|III. Cash Flows from Financing Activities:|||
|Cash receipts from borrowings||10,864,012.59|
|Other cash receipts relating to financing activities|1,485,914.67|611,041.82|
|Sub-total of cash inflows from financing activities|1,485,914.67|11,475,054.41|
|Cash repayments of borrowings||100,000.00|
|Cash payments for distribution of dividends or profits orsettlement of interest expenses|26,809,606.74|30,768,561.50|
|Other cash payments relating to financing activities|4,200,488.98|3,899,635.84|
|Sub-total of cash outflows from financing activities|31,010,095.72|34,768,197.34|
|Net Cash Flows from Financing Activities|-29,524,181.05|-23,293,142.93|

||||
|-|-|-|
|IV. Effect of Foreign Exchange Rate Changes on Cashand Cash Equivalents|||
|V．Net Increase(Decrease) in Cash and Cash Equivalents|-54,266,663.02|150,834,078.40|
|Add: Opening balance of Cash and Cash Equivalents|110,176,958.92|59,429,719.52|
|VI. Closing Balance of Cash and Cash Equivalents|55,910,295.90|210,263,797.92|

 Legal Representative: Tian Junyan Chief Financial Officer: Yu Zhongxia Financial Manager: Sun Yuhui
Ⅱ. Audit Report
Audit Opinion
The first quarterly report is unaudited.
Board of Directors
Shenzhen Chiwan Petroleum Supply Base Co., Ltd. April 30, 2015