Wafangdian Bearing Compnay Limited The Q1 Report for 2018 Stock code: 200706 stock short form: Wazhou B Report code: 2018-11
Wafangdian Bearing Company Limited
The Q1 Report for 2018
§1 Important Notes
1The Board of Directors, Board of Supervisors, directors, supervisors, and top management of the Company hereby guaranteed that there are no false records, misleading statements, and major omits in this report, and assumed the individual and associated responsibilities for the truth, accuracy and completeness of the contents.
Chairman of the Board Mr. Meng Wei , Financial manager Ms.Sun Najuan, Accounting charger Mr. Wang Jiyuan hereby confirms that the Financial Report of the quarterly report is true and complete.
Besides the following directors, all the other directors attended the Board meeting and discussed the report.
|||||
|-|-|-|-|
|Name|Post|Reasons|Assignee name|
|Tang Yurong|Diretor|Busy work|Fang Bo|
|Sun Maolin|Diretor|Busy work|Chen Jiajun|
|Wan Shouyi|Independent director|Busy work|Liu Yuping|

§2 Major accounting data and shareholder change
1 Major accounting data and financial indexes
Unit: RMB
|||||
|-|-|-|-|
||Jan-Mar 2018|Jan-Mar 2017|+/- to previous|
|Operating income(Yuan)|486,916,871.06|566,558,889.45|-14.06%|
|Net profits attributed Shareholders(Yuan)|1,020,973.46|1,998,535.48|-48.91%|
|Net cash flows from operation activities||||
||-1,874,291.16|615,347.36|-404.59%|
|Basic gains on per share|0.003|0.005|-40.00%|
|Diluted gains on per share|0.003|0.005|-40.00%|
||Jan-Mar 2018|Jan-Mar 2017|+/- to previous|
|Total assets|3,219,926,745.82|3,213,772,171.61|0.19%|
|Owners’ equity (shareholders’ equity)|1,386,515,848.17|1,385,494,874.71|0.07%|

 Items of non-recurring gains and losses
√ Applicable□ Inapplicable
Unit: RMB
||||
|-|-|-|
|Items of non-recurring gains and losses|Amount|Note（if applicable）|
|Gain or loss form disposal of non-current assets|238,213.97||
|Gains and losses included in the current period of government subsidies, excluding thosegovernment grants which are closely related to normal business and in line with nationalpolicy, or in accordance with fixed standards or quantities|||
||1,083,952.09||
|Profit of loss from debts restructuring|347,273.01||
|Other non-business income and expenditures other than the above|1,547,482.55||
|Influenced amount of income tax|321,657.00||
|Total|2,895,264.62|-|

Wafangdian Bearing Compnay Limited The Q1 Report for 2018 2 Total number of shareholders at the end of the report period and shares held by the top ten shareholders
Unit: Share
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|Total number of shareholder at the end of||||Total number of shareholder at the end of report period with||||||
|||6,736||||||0||
|report period||||preferred stock||||||
|Shareholders with 5% or above Shares||||||||||
||||||||Impawned or Frozen SharesStatus Amount|||
||||||Total shares|Non-current||||
|Name|Nature||Ratio|||||||
||||||held|shares held||||
||||||||||Amount|
|Wafangdian BearingGroup Corporation|State-owned shareholder||60.61%||244,000,000|244,000,000||||
|AKTIEBOLAGETSKF|Foreign shareholder||19.70%||79,300,000|||||
|BOCI SECURITIESLIMITED|Foreign shareholder||1.46%||5,876,753|||||
|Huang Junyue|Domestic shareholder||1.37%||5,509,218|||||
|Hu Xiaofeng|Domestic shareholder||0.47%||1,879,277|||||
|GUOTAI JUNANSECURITIES(HONGKONG) LIMITED|Foreign shareholder||0.36%||1,431,206|||||
|Jin Yunhua|Foreign shareholder||0.33%||1,311,256|||||
|MAN,KWAI WING|Domestic shareholder||0.18%||713,101|||||
|Ma Yuancheng|Domestic shareholder||0.15%||596,966|||||
|Zhou Lin|Domestic shareholder||0.14%||575,100|||||
|Top Ten Tradable Shareholders||||||||||
||||||||Category of Shares|||
|Name||Current shares held at end of year||||||||
||||||||Categories|Amount||
|AKTIEBOLAGET SKF||79,300,000|||||B|79,300,000||
|BOCI SECURITIES LIMITED||5,876,753|||||B|5,876,753||
|Huang Junyue||5,509,218||||||5,509,218||
|Hu Xiaofeng||1,879,277|||||B|1,879,277||
|GUOTAI JUNANSECURITIES(HONGKONG)LIMITED||1,431,206|||||B|1,431,206||
|Jin Yunhua||1,311,256|||||B|1,311,256||
|MAN,KWAI WING||713,101|||||B|713,101||
|Ma Yuancheng||596,966|||||B|596,966||
|Zhou Lin||575,100|||||B|575,100||
|Meng Qinglliang||574,584|||||B|574,584||
|Explanation for the Affiliated Relations or||||||||||
|||There was no relationship and consistent activities between the first big shareholder and other shareholders or||||||||
|United Action of the Top Ten||||||||||
|||the top ten common stock holders; The relationship among other shareholders, top ten circulation shareholders,||||||||
|Shareholders and the Top Ten Tradable||||||||||
|||top ten circulation shareholders and other shareholders was not clear.||||||||
|Shareholders||||||||||

§3 Significant items
1 Particulars dates changes over30% in items of main accounting statement and financial index , and explanations of reasons
√Applicable□Inapplicable Unite: 0000RMB Yuan
Wafangdian Bearing Compnay Limited The Q1 Report for 2018
||||||||
|-|-|-|-|-|-|-|
|No|Item|The end ofyear|Beginning ofyear|%|+/- to previous|Reason|
|1|Monetary capital|15,754.4|8,286.1|7,468.3|90.1%|Mainly operating activities net cash flowin current is 60.68 million yuan,combined with the current margin yearincrease, so the monetary capital yearincrease|
|2|Notes recivable|10,652.1|20,992.4|-10,340.2|-49.3%|Mainly the current bill collected less thanbill payment to supplier, so bill balancefor the year to reduce|
|3|Account collected in advance|2,148.4|3,163.5|-1,015.0|-32.1%|Mainly is the partial customers deferredrevenue is beginning to decrease|
|4|Tax payable|638.9|1,385.0|-746.1|-53.9%|Mainly VAT and tax fell 7.44 million yuanat the beginning|
|5|Interest payable|-|119|-119.0|-100.0%|This final no provision to deal with theinterest on borrowing|
|6|Non-currentliabilities duewithin one year.|-|5,000|-5,000.0|-100.0%|Mainly is the beginning of non-currentliabilities due within one year this periodwas due payment of 50 million yuan.|
|7|Financial cost|999.7|617.0|382.7|62.0%|Primarily this bill discount year-on-yearincrease of 2.079 million yuan, netexchange loss year-on-year increase of2.336 million yuan|
|8|Assets impairment loss|-1.3|10.0|-11.3|-112.8%|Mainly in the same period verificationform loss accounts receivable|
|9|Asset disposalincome|24.3|2.8|21.6|782.7%|Property sold primarily confirmed incurrent PuLanDian income 236000 yuan|
|10|Nonbusiness income|191.3|28.1|163.3|582.0%|Evaluation is mainly to collect 2017agents in current deposit deductions1.42 million, precision motor companydebt restructuring gains 300000|
|11|Non-business expenditure|1.8|18.2|-16.4|-89.9%|A Shanghai branch to pay a house earlypenalty due to breach of contract is thesame period of 96000, the second is topay fine for delaying payment of 68000over the same period|
|12|Net Profit|102.1|199.9|-97.8|-48.9%|Main increase profits: one is the salescost is 30.73 million yuan, fell 4.02million yuan, the second is non-operatingincome is 1.91 million yuan, year-on-yearincrease of 1.63 million yuan, the profit ismainly to reduce: one is the mainbusiness profit of 57.21 million yuan, fell1.24 million yuan, the second ismanagement cost year-on-year increaseof 2.06 million yuan, the second isfinancial expenses year-on-year increaseof 3.83 million yuan|
|13|Pay cash to buygoods andreceivingservices|5,282.9|13,921.4|-8,638.5|-62.1%|The first is this compression of thesupplier's payment, the second is tosupplier issue the bills due payments fell|

Wafangdian Bearing Compnay Limited The Q1 Report for 2018
||||||||
|-|-|-|-|-|-|-|
|14|Disposal of fixedassets, intangibleassets and otherlong-term assetsback by net cash|125.1|487.7|-362.6|-74.3%|Property sold received dalian income1.251 million, at the same time receivesale Harbin real estate income 4.868million yuan|
|15|Construction offixed assets,intangible assetsand otherlong-term assetsthat pay cash|68.4|110.3|-41.9|-38.0%|Mainly compression of the supplier'spayment for this issue|
|16|Borrow moneyreceived in cash|9,000.0|13,300.0|-4,300.0|-32.3%|Is mainly influenced by pour loans, toborrow money this issue received cashfell|
|17|The impact ofexchange ratemovements ofcash and cashequivalents|-73.5|-29.9|-43.6|145.9%|Mainly dollar's decline of the yuanexchange loss increased|

2 Progress of significant events, their influence, and analysis and explanation of their solutions
□Applicable√Inapplicable
3 The company, shareholders, actual controller, the acquirer, directors, supervisors and senior management personnel or other related parties to fulfill commitments and the final report has not been fulfilled in the reporting period
□Applicable√Inapplicable
4 Estimation of accumulative net profit from Jan to June 2017
□Applicable√Inapplicable
5 Particular about security investment
□Applicable√Inapplicable
6 Particular about derivatives
□Applicable√Inapplicable
7 Activities on receiving research, communication and interview in the report period
|||||
|-|-|-|-|
|Time|Method|Object|Content and documents supplied|
||||The company's production and operation situation|
|2018.03.12|Telephone communication|Private investor||
||||The company's production and operation situation|
|2018.03.23|Telephone communication|Private investor||

Wafangdian Bearing Compnay Limited The Q1 Report for 2018 8 Illegal external guarantee
□Applicable√Inapplicable
9 Controlling shareholder and its related parties to the listing Corporation's non operating funds
□Applicable√Inapplicable
§4 Appendix
1 Balance sheet
Consolidated Balance Sheet.
Unit:
RMB Yuan
||||
|-|-|-|
|Item|Opening Balance|Closing Balance|
|Current assets ：|||
|Monetary fund|157,544,201.14|82,860,774.83|
|Financial assets held-for-trading|||
|Bills receivable|106,521,350.17|209,923,835.91|
|Account receivable|1,157,748,249.47|1,128,338,013.69|
|Account paid in advance|48,039,217.99|39,863,576.53|
|Interest receivable|||
|Dividend reciivable|||
|Other receivables|19,980,149.83|21,895,381.98|
|Inventory|719,657,921.89|693,836,428.55|
|Non-current assets due within 1 year|||
|Other current assets|3,962,236.34|5,386,473.92|
|Total current assets|2,213,453,326.83|2,182,104,485.41|
|Non-current assets|||
|Financial assets available-for-sale|2,000,000.00|2,000,000.00|
|Investments held-to-maturity|||
|Long-term receivable|||
|Long-term equity investment|||
|Investment property|133,873,842.54|136,874,108.05|
|Fixed assets|688,145,621.61|710,247,969.72|
|Construction in progress|82,052,294.91|82,689,318.94|
|Construction materials|||
|Fixed assets disposal|||
|Biological assets|||
|Gas and petrol assets|||
|Intangible assets|88,106,414.24|87,530,122.26|
|Development expenditure|||
|Goodwill|||
|Long-term prepaid expense|669,306.50|700,228.04|
|Deferred tax assets|11,625,939.19|11,625,939.19|
|Other non-current assets|||
|Total non-current assets|1,006,473,418.99|1,031,667,686.20|
|Total assets|3,219,926,745.82|3,213,772,171.61|

Wafangdian Bearing Compnay Limited The Q1 Report for 2018
||||
|-|-|-|
|Current liabilities|||
|Short-term loan|705,000,000.00|648,000,000.00|
|Note payable|273,371,852.31|299,483,279.00|
|Accounts payable|691,922,018.14|630,832,287.45|
|Accounts received in advance|21,484,209.72|31,634,532.72|
|Employee benefits|16,332,511.01|16,660,148.64|
|Tax payable|6,389,366.15|13,849,972.32|
|Interest payable|1,190,100.00|1,190,100.00|
|Dividends payable|||
|Other payables|75,361,196.44|92,123,093.92|
|Non-current liabilities due within I year||50,000,000.00|
|Other current liabilities|3,967,022.53|3,967,022.53|
|Total current liabilities|1,793,828,176.30|1,787,740,436.58|
|Non-current liabilities|||
|Long-term loan|50,000,000.00|50,000,000.00|
|Debenture payable|||
|Long-term payables|1,597,305.72|1,597,305.72|
|Special payables|296,698.98|296,698.98|
|Contingent liabilities|||
|Deferred income|36,800,632.59|37,754,771.56|
|Deferred tax liabilities|888,084.06|888,084.06|
|Other non-current liabilities|||
|Total non-current liabilities|39,582,721.35|40,536,860.32|
|Total liabilities|1,833,410,897.65|1,828,277,296.90|
|Owner’s equity (shareholders’ equity)|||
|Capital stock|402,600,000.00|402,600,000.00|
|Capital public reserves|485,691,050.47|485,691,050.47|
|Less: treasury share|||
|Surplus reserve|134,278,527.26|134,278,527.26|
|Undistributed profit|363,946,270.44|362,925,296.98|
|Equity attributable to parent company|1,386,515,848.17|1,385,494,874.71|
|Minority interest|||
|Total owner’s equity|1,386,515,848.17|1,385,494,874.71|
|Total owner’s equity and liabilities|3,219,926,745.82|3,213,772,171.61|

 Chairman: Meng Wei General Accountant : Sun Najuan Accounting charger: Wang Jiyuan
2.Balance Sheet Of Parent Company
Unit:
RMB Yuan
||||
|-|-|-|
|Item|Opening Balance|Closing Balance|
|Current assets ：|||
|Monetary fund|153,625,956.9|6 78,901,032.57|
|Financial assets held-for-trading|||
|Financial assets held-for-trading|||
|Bills receivable|99,076,350.1|7 203,511,631.58|
|Account receivable|1,150,664,882.4|3 1,113,118,255.50|
|Account paid in advance|44,367,989.7|2 37,510,877.11|

Wafangdian Bearing Compnay Limited The Q1 Report for 2018
||||
|-|-|-|
|Divident receivable|||
|Other receivables|19,163,784.15|20,605,278.47|
|Inventory|640,479,870.78|622,177,633.83|
|Non-current assets due within 1 year|||
|Other current assets|3,288,020.70|4,067,326.65|
|Total current assets|2,110,666,854.91|2,079,892,035.71|
|Non-current assets|||
|Financial assets available-for-sale|2,000,000.00|2,000,000.00|
|Investments held-to-maturity|||
|Long-term receivable|||
|Long-term equity investment|211,583,897.67|211,583,897.67|
|Investment property|117,137,994.78|119,890,581.55|
|Fixed assets|472,759,638.11|490,076,503.07|
|Construction in progress|81,649,947.02|82,374,150.54|
|Construction materials|||
|Fixed assets disposal|||
|Biological assets|||
|Gas and petrol assets|||
|Intangible assets|69,542,526.18|68,788,824.54|
|Development expenditure|||
|Goodwill|||
|Long-term prepaid expense|436,573.72|453,531.31|
|Deferred tax assets|10,350,000.00|10,350,000.00|
|Other non-current assets|||
|Total non-current assets|965,460,577.48|985,517,488.68|
|Total assets|3,076,127,432.39|3,065,409,524.39|
|Current liabilities|||
|Short-term loan|705,000,000.00|648,000,000.00|
|Note payable|273,371,852.31|299,483,279.00|
|Accounts payable|570,444,309.14|511,083,367.33|
|Accounts received in advance|23,454,245.92|31,518,509.16|
|Commission charge payable|||
|Employee benefits|9,591,273.14|9,803,431.58|
|Tax payable|3,364,757.15|10,821,733.56|
|Interest payable||1,190,100.00|
|Dividends payable|||
|Other payables|37,972,185.19|52,910,305.81|
|Non-current liabilities due within I year||50,000,000.00|
|Other current liabilities|3,869,474.53|3,869,474.53|
|Total current liabilities|1,627,068,097.38|1,618,680,200.97|
|Non-current liabilities|||
|Long-term loan|||
|Debenture payable|||
|Long-term payables|||
|Special payables|296,698.98|296,698.98|
|Contingent liabilities|||

Wafangdian Bearing Compnay Limited The Q1 Report for 2018
||||
|-|-|-|
|Deferred income|32,606,068.59|33,560,207.56|
|Deferred tax liabilities|||
|Other non-current liabilities|||
|Total non-current liabilities|32,902,767.57|33,856,906.54|
|Total liabilities|1,659,970,864.95|1,652,537,107.51|
|Owner’s equity (shareholders’ equity)|||
|Capital stock|402,600,000.00|402,600,000.00|
|Capital public reserves|485,678,443.26|485,678,443.26|
|Less: treasury share|||
|Surplus reserve|134,278,527.26|134,278,527.26|
|Undistributed profit|393,599,596.92|390,315,446.36|
|Difference of foreign currency translation|||
|Total owner’s equity|1,416,156,567.44|1,412,872,416.88|
|Total owner’s equity and liabilities|3,076,127,432.39|3,065,409,524.39|

 3. Income Sheet
Consolidated Income Sheet.
Unit:
RMB Yuan
||||
|-|-|-|
|Item|Account for the current period|Account for the prior period|
|1.Total operating income|486,916,871.06|566,558,889.45|
|Including: Operating revenue|486,916,871.06|566,558,889.45|
|Interest income|||
|Handling charge and commission income|||
|2.Total operating cost|489,118,101.07|565,986,741.94|
|Including: Operating cost|427,512,808.83|505,497,968.51|
|Interest expenses|||
|Handling charge and commission income|||
|Tax & surcharges for main operations|4,462,341.83|5,101,459.35|
|Selling expenses|30,728,507.29|34,751,390.67|
|Administrative expense|16,430,588.02|14,366,313.30|
|Financial expense|9,996,641.95|6,169,799.50|
|Loss of impairment of assets|-12,786.85|99,810.61|
|Add: Gains of change of fair value of assets(loss with"-")|||
|Investment income(loss with "-")|243,495.82|27,583.91|
|Including: Income form investment on associated enterprise and|||
||1,083,952.09|1,300,388.97|
|jointly enterprise|||
|3.Operating profit (loss with"-")|-873,782.10|1,900,120.39|
|Add: Non-operating revenue|1,913,208.28|280,512.86|
|Less: Non-operating cost|18,452.72|182,097.77|
|Including: loss on disposal of non-current assets|||
|4.Total profit(loss with"-")|1,020,973.46|1,998,535.48|
|Less: Income tax expenses|||
|5. Net profit(Loss with"-")|1,020,973.46|1,998,535.48|
|Net profit attributable to shareholders of parent company|1,020,973.46|1,998,535.48|
|Minority interests|||

Wafangdian Bearing Compnay Limited The Q1 Report for 2018
||||
|-|-|-|
|6. Total comprehensive returns|1,020,973.46|1,998,535.48|
|Total comprehensive returns available for parent company|1,020,973.46|1,998,535.48|
|Total comprehensive returns available for minority shareholders|||
|7.Earnings per share|||
|(1) Basic earnings per share|0.003|0.005|
|(2) Diluted earnings per share|0.003|0.005|

 Chairman: Meng Wei General Accountant : Sun Najuan Accounting charger: Wang Jiyuan
Income Sheet of Parent Company.
Unit:
RMB Yuan
||||
|-|-|-|
|Item|Account for the current period|Account for the prior period|
|1.Total operating income|477,530,087.59|578,832,790.50|
|less: Operating cost|422,790,747.17|525,737,899.81|
|Tax & surcharges for main operations|3,751,536.66|4,453,304.97|
|Selling expenses|30,087,325.87|34,274,027.82|
|Administrative expense|10,445,727.32|7,774,695.18|
|Financial expense|9,995,972.04|6,205,397.25|
|Loss of impairment of assets|-12,786.85|99,810.61|
|Add: Gains of change of fair value of assets(loss with"-")|||
|Investment income(loss with "-")|||
|Including: Income form investment on associated enterprise and|||
||243,495.82|56,833.91|
|jointly enterprise|||
|Asset disposal income|972,738.97|1,285,388.97|
|Othere income|||
|2.Operating profit (loss with"-")|1,687,800.17|1,629,877.74|
|Add: Non-operating revenue|1,603,392.64|68,499.35|
|Less: Non-operating cost|7,042.25|178,636.57|
|Including: loss on disposal of non-current assets|||
|3.Total profit(loss with"-")|3,284,150.56|1,519,740.52|
|Less: Income tax expenses|||
|4 Net profit(Loss with"-")|3,284,150.56|1,519,740.52|
|5.othercomprehensive returns|||
|6. Total comprehensive returns|3,284,150.56|1,519,740.52|
|7.Earnings per share|||
|(1) Basic earnings per share|0.008|0.004|
|(2) Diluted earnings per share|0.008|0.004|

 3 Cash Flow Statement
Consolidated Cash Flow Statement.
Unit: RMB yuan
Wafangdian Bearing Compnay Limited The Q1 Report for 2018
||||
|-|-|-|
|Item|Account for the current period|Account for the prior period|
|1.Cash from operating activities|||
|Cash received from sale of goods or rendering of services|226,336,733.99|258,463,428.40|
|Refund of taxes and fares|||
|Other cash received relating to operating activities|611,751.60|733,337.81|
|Sub-total of cash inflows|226,948,485.59|259,196,766.21|
|Cash paid for goods and services|52,828,756.15|139,213,588.09|
|Cash paid to or on behalf of the employees|62,128,678.39|60,632,595.73|
|Tax payments|25,479,762.27|30,774,210.27|
|Other cash paid relating to operating activities|25,827,159.61|25,080,887.05|
|Sub-total of cash outflows|166,264,356.42|255,701,281.14|
|Net cash flows from operating activities|60,684,129.17|3,495,485.07|
|2.Cash flows from investing activities|||
|Cash received from return of investment|||
|Net cash received from disposal of fixed assets, intangible assets and|||
||1,251,120.00|4,876,900.00|
|other long-term assets|||
|Proceeds from sale of subsidiaries and other operating units|||
|Other cash received relating to investing activities|||
|Sub-total of cash inflows|1,251,120.00|4,876,900.00|
|Cash paid to acquire fixed assets, intangible assets and other|||
||683,673.19|1,102,634.77|
|long-term assets|||
|Cash paid to acquire investment|||
|Net cash used in acquiring subsidiaries and other operating units|||
|Other cash paid relating to investing activities|||
|Sub-total of cash outflows|683,673.19|1,102,634.77|
|Net cash flows from investment activities|567,446.81|3,774,265.23|
|3.Cash flows from financing activities|||
|Cash received from absorbing investment|||
|Including: Cash received from increase in minority interest|||
|Proceeds from borrowings|90,000,000.00|133,000,000.00|
|Other proceeds relating to financing activities|89,906,186.11|75,122,872.22|
|Sub-total of cash inflows|179,906,186.11|208,122,872.22|
|Repayment of borrowings|92,064,872.18|118,000,000.00|
|Distribution of dividends or profits & interest expenses|7,501,070.67|7,553,772.89|
|Including: dividends or profit paid to minority interest|||
|Cash paid for other financing activities|124,724,590.83|140,000,000.00|
|Sub-total of cash outflows|224,290,533.68|265,553,772.89|
|Net cash flows from financing activities|-44,384,347.57|-57,430,900.67|
|4. Effects of foreign exchange rate changes on cash|-735,429.55|-299,085.97|
|5.Net increases in cash and cash equivalents|16,131,798.86|-50,460,236.34|
|Add: cash and cash equivalent, at the beginning of year|58,043,497.54|142,233,376.52|
|6.Cash and cash equivalent at the end of the year|74,175,296.40|91,773,140.18|

Cash Flow Statement Of Parent Company.
Unit: RMB yuan
Wafangdian Bearing Compnay Limited The Q1 Report for 2018
||||
|-|-|-|
|Item|Account for the current period|Account for the prior period|
|1.Cash from operating activities|||
|Cash received from sale of goods or rendering of services|222,170,455.44|253,401,401.34|
|Refund of taxes and fares|||
|Other cash received relating to operating activities|601,928.03|413,886.66|
|Sub-total of cash inflows|222,772,383.47|253,815,288.00|
|Cash paid for goods and services|66,352,243.97|144,789,732.13|
|Cash paid to or on behalf of the employees|49,375,461.40|47,299,447.64|
|Tax payments|22,630,109.61|26,733,496.94|
|Other cash paid relating to operating activities|23,702,418.65|23,254,522.62|
|Sub-total of cash outflows|162,060,233.63|242,077,199.33|
|Net cash flows from operating activities|60,712,149.84|11,738,088.67|
|2.Cash flows from investing activities|||
|Cash received from return of investment|||
|Net cash received from disposal of fixed assets, intangible assets and|||
||1,251,120.00|4,867,900.00|
|other long-term assets|||
|Proceeds from sale of subsidiaries and other operating units|||
|Other cash received relating to investing activities|||
|Sub-total of cash inflows|1,251,120.00|4,867,900.00|
|Cash paid to acquire fixed assets, intangible assets and other|||
||670,583.19|1,094,354.77|
|long-term assets|||
|Cash paid to acquire investment|||
|Net cash used in acquiring subsidiaries and other operating units|||
|Other cash paid relating to investing activities|||
|Sub-total of cash outflows|670,583.19|1,094,354.77|
|Net cash flows from investment activities|580,536.81|3,773,545.23|
|3.Cash flows from financing activities|||
|Cash received from absorbing investment|||
|Including: Cash received from increase in minority interest|||
|Proceeds from borrowings|90,000,000.00|133,000,000.00|
|Other proceeds relating to financing activities|89,906,186.11|75,122,872.22|
|Sub-total of cash inflows|179,906,186.11|208,122,872.22|
|Repayment of borrowings|92,064,872.18|118,000,000.00|
|Distribution of dividends or profits & interest expenses|7,500,683.26|7,551,641.69|
|Cash paid for other financing activities|124,724,590.83|140,000,000.00|
|Sub-total of cash outflows|224,290,146.27|265,551,641.69|
|Net cash flows from financing activities|-44,383,960.16|-57,428,769.47|
|4. Effects of foreign exchange rate changes on cash|-735,429.55|-299,085.97|
|5.Net increases in cash and cash equivalents|16,173,296.94|-42,216,221.54|
|Add: cash and cash equivalent, at the beginning of year|54,083,755.28|118,675,591.71|
|6.Cash and cash equivalent at the end of the year|70,257,052.22|76,459,370.17|

 2 Audited Report
The Q1 Report is not audited.