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Abstract of Half Year Report 2012

2012-08-2824606次

Huaxin Cement Co., Ltd.

Abstract of Half Year Report 2012
 

§1 IMPORTANT NOTE

 
1.1 The Board of Directors of the Company and its members, Supervisory Committee of the Company and its members and members of Top Management confirm, to the best of their knowledge, that there is no false or misleading statement or material omission in this report and shall be severally and jointly liable for the truthfulness, accuracy and completeness of its contents.
 
This Half Year Report Abstract is extracted from the full text of the Half Year Report, if investors want to know the detailed information, please refer to the full text of the Half Year Report.
 
1.2 All Directors attended the Meeting.
 
1.3 The Half Year Financial Statements of the Company have not been audited.
 
1.4 There is no nonoperating capital taking up by the controlling shareholder and its related parties.
 
1.5 All the external guarantees provided by the Company are in compliance with the decision-making procedures.
 
1.6 Chairman of the Company Mr. Xu Yongmo, CEO Mr. Li Yeqing, CFO Ms. Kong Lingling, and chief of financial department Mr. Wu Xin declare and confirm that this Half Year Report is true and complete.
 

§2 General information

 
2.1 General
Share abbreviation
Huaxin Cement
Share code
600801
Place of listing
Shanghai Stock Exchange
Share abbreviation
Huaxin B share
Share code
900933
Place of listing
Shanghai Stock Exchange
 
Secretary to the Board
Securities affairs representative
Name
Mr. Wang Ximing
Ms. Wang Lu
Contact address
5# Building, International Enterprise Centre, Special No.1 Guanggu Avenue, Wuhan City, Hubei Province
5# Building, International Enterprise Centre, Special No.1 Guanggu Avenue, Wuhan City, Hubei Province
Tel
027-87773896
027-87773898
Fax
027-87773992
027-87773992
E-mail
investor@huaxincem.com
 
2.2 Financial Highlights
2.2.1 Financial Statements Summary and Financial Indicators
                                                                      Unit: RMB
Item
At the end of the reporting period
At the end of last year
Changes over last year end (%)
Total assets
21,764,996,374
21,729,678,063
0.16
Shareholders’ equity
7,327,481,461
7,759,976,865
-5.57
Net assets per share attributable to the shareholders (Yuan/share)
7.83
8.30
-5.57
 
Reporting period (Jan-Jun)
Same period of last year
Changes over the same period of last year (%)
Operating profit
104,533,687
773,089,335
-86.48
Total profit
171,484,585
816,326,594
-78.99
Net profit attributable to the shareholders
95,917,319
542,055,969
-82.30
Net profit attributable to the shareholders after elimination of extra-ordinary items
82,432,916
535,624,335
-84.61
Basic earning per share
0.10
0.67
-84.73
Basic earning per share after elimination of extra-ordinary items
0.09
0.66
-86.72
Diluted earning per share
0.10
0.67
-84.73
Return on net assets, weighted average (%)
1.24
10.23
Decreased by 8.99 percentage points
Net Cash Flow from
Operating Activities
763,796,644
526,165,848
45.16
Net cash flow per share
from Operating Activities
0.82
0.65
25.28
 
2.2.2 Extraordinary Profit and Loss Items
þApplicable      ¨Not Applicable

Unit: RMB
Extra-ordinary Profit and Loss Items
Amount
Remarks
Gains/losses from disposal of non-current assets
-4,975,280
Mainly from gains/losses from disposal of fixed assets
Government subsidies, excluding regular fixed amount government subsidies
24,553,516
Mainly from local government subsidies
Reversal of provisions for assets impairment of accounts
2,418,803
 
Other non-operating income and expenditures
-2,877,424
 
Impact from income tax
-5,340,627
 
Impacts from minority shareholders’ interests (after tax)
-294,585
 
Total
13,484,403
 
 

§3 Changes in Share Capital and Shareholders

 
3.1. Changes in the Capital Structure
¨ Applicable     þ Not Applicable
 
3.2 Number of Shareholders and Share Holding
Unit: share
Top ten shareholders and listed-share holders
Names of Shareholders
Shareholder type
%
Total Shares hold
 
Change during the reporting period
Shares subject to conditional sales
Mortgage or frozen
HOLCHIN B.V.
Foreign corporation
39.88
373,010,636
 
51,088,036
 
State-owned Shares (held by Huaxin Group Co., Ltd.)
State
13.74
128,501,296
 
 
47,000,000
mortgaged
GAOLING FUND,L.P.
Unknown
5.50
51,414,622
 
 
 
Ningbo Qingchun Investment Co., Ltd.
Unknown
3.06
28,593,718
 
28,593,718
 
HOLPAC LIMITED
Foreign corporation
1.97
18,456,829
18,456,829
 
 
Huaxin Group Co., Ltd.
State Corporation
1.87
17,452,464
 
 
 
ABERDEEN GLOBAL-CHINESE EQUITY FUND  
Unknown
1.40
2,877,901
 
 
Jiangsu Winfast Investment Holding Group Co., Ltd.
Unknown
1.15
10,713,775
 
10,713,775
8,700,000
mortgaged
Taikang Asset Management Co., Ltd.
Unknown
1.11
10,345,610
 
10,345,610
 
Tianjin Shengxi Equity Investment Fund (LP)
Unknown
0.92
8,612,919
 
8,612,919
 
Top ten holders of shares not subject to conditional sales
Names of Shareholders
Number of Shares
Type of Share
HOLCHIN B.V.
321,922,600
RMB ordinary shares 150,400,000
Domestic listed foreign investment shares 171,522,600
State-owned Shares (held by Huaxin Group Co., Ltd.)
128,501,296
RMB ordinary shares 128,501,296
GAOLING FUND,L.P.
51,414,622
Domestic listed foreign investment shares
HOLPAC LIMITED
18,456,829
Domestic listed foreign investment shares
Huaxin Group Co., Ltd.
17,452,464
RMB ordinary shares
ABERDEEN GLOBAL-CHINESE EQUITY FUND  
13,050,775
Domestic listed foreign investment shares
International Finance -- HSBC -- JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
6,623,854
RMB ordinary shares
Dacheng Value Growth Securities Investment Fund
5,749,967
RMB ordinary shares
China Construction Bank – Chinese advantage growth stock securities investment fund
5,654,767
RMB ordinary shares
Huangshi State-owned Assets Operation Co., Ltd.
5,107,652
RMB ordinary shares
Remarks on relationship or concerted actions of the above shareholders
Holpac Limited is the party act in concert with Holchin B.V. 
Huaxin Group Co., Ltd. held state shares on behalf of the State.
It is unknown to the Company whether there is any relationship among the shareholders or any concerted persons referred in the “Administrative Measures of Disclosing Changes in Shareholding for Listed Companies”.  
                 
 
3.3 Change of the Controlling Shareholder and Actual controller
¨ Applicable     þ Not Applicable
 

§4 Directors, Supervisors and Management

 
4.1 Shareholding Situation of the Directors, Supervisors and Senior Management
¨ Applicable     þ Not Applicable
 

§5 DIRECTORS’ REPORT

 
5.1 The Classification of Major Operation according to Industry and Product
Unit: RMB
 
Operation Income
 
 
Operation Cost
 
Operation
profit
(%)
Operation Income change over same period of last year (%)
Operation Cost change over same period of last year (%)
Operation Profit change over the same period of last year (%)
Industry
Cement
4,999,804,019
3,966,616,259
20.66
-3.20
7.86
Decreased by 8.14 percentage points
RMX
279,821,760
224,972,500
19.60
17.18
15.25
Increased by 1.34 percentage point
Others
180,949,625
139,526,730
22.89
23.47
59.03
Decreased by 17.24 percentage point
Total
5,460,575,404
4,331,115,489
20.68
-1.62
9.36
Decreased by 7.97 percentage points
By Products
Cement 32.5
2,214,523,860
1,684,753,676
23.92
-0.84
11.30
Decreased by 8.30 percentage points
Cement 42.5 and above
2,330,868,632
1,863,717,582
20.04
-6.25
1.37
Decreased by 6.01 percentage points
Clinker
454,411,527
418,145,001
7.98
1.94
28.56
Decreased by 19.05 percentage points
RMX
279,821,760
224,972,500
19.60
17.18