Important Notes
1.1 The Board of Directors, Supervisory Board, and senior management of the company guarantee that the information contained in this report does not have any false records, misleading statements, or major omissions, and they bear individual and joint responsibility for the authenticity, accuracy, and completeness of its content. This annual report summary is extracted from the full annual report; investors wishing to understand the detailed content should read the full annual report.
1.2 No directors, supervisors, or senior management have expressed doubts or disagreements regarding the authenticity, accuracy, and completeness of the annual report content.
1.3 Names of absent directors and reasons for absence:
| Name | Reason for Absence |
|---|---|
| Xu Xinyu | Business trip |
| Zhang Fusheng | - |
1.4 Hunan Kaiyuan Certified Public Accountants issued a standard unqualified audit report for the company.
1.5 The responsible person of the company, Mr. Tan Xuguang, the head of accounting, Ms. Zhang Fusheng, and the head of the accounting institution (accounting supervisor), Mr. Dai Xianshu, declare: to ensure the authenticity and completeness of the financial report in the annual report.
Company Overview
2.1 Basic Information
| Stock Abbreviation | S Xianghuojun |
|---|---|
| Stock Code | 000549 |
| Listing Exchange | Shenzhen Stock Exchange |
| Registered Address | No. 1, Huanghe South Road, Hexi, Zhuzhou City, Hunan Province |
| Postal Code | 412007 |
| Office Address | No. 3, Hongqi North Road, Zhuzhou City, Hunan Province |
| Postal Code | 412001 |
| Company Website | www.cntorch.com |
| torch@cntorch.com |
2.2 Contact Person and Contact Information
| Position | Name | Contact Address | Phone | Fax | |
|---|---|---|---|---|---|
| Secretary of the Board | Zhang Yingzi | No. 3, Hongqi North Road, Zhuzhou City, Hunan Province | 0733-8450105, 8450019 | 0733-8450108 | zztorchdsh@vip.163.com |
| Securities Affairs Representative | Jin Zhuojun | No. 3, Hongqi North Road, Zhuzhou City, Hunan Province | 0733-8450105, 8450019 | 0733-8450108 | zztorchdsh@vip.163.com |
Summary of Accounting Data and Business Data
3.1 Main Accounting Data (Unit: RMB)
| Item | 2006 | 2005 (Adjusted) | 2005 (Unadjusted) | 2004 (Adjusted) | 2004 (Unadjusted) |
|---|---|---|---|---|---|
| Main Business Income | 11,221,962,387.25 | 7,487,387,558.14 | 7,487,387,558.14 | 11,540,417,162.49 | 11,540,417,162.49 |
| Net Profit | 282,464,074.04 | 99,082,684.26 | 104,027,649.05 | 177,957,674.39 | 181,685,746.92 |
| Total Assets | 10,536,991,285.90 | 8,231,873,076.34 | 8,237,309,151.16 | 8,976,133,747.06 | 8,973,612,104.10 |
| Shareholders' Equity (Excluding Minority Interests) | 1,866,453,426.55 | 1,585,618,932.22 | 1,590,715,252.36 | 1,499,929,128.50 | 1,499,838,272.91 |
| Earnings Per Share (RMB/share) | 0.3017 | 0.1058 | 0.1111 | 0.1901 | 0.1940 |
| Net Assets Per Share (RMB/share) | 1.9935 | 1.6935 | 1.6990 | 1.6020 | 1.6019 |
| Adjusted Net Assets Per Share (RMB/share) | 1.7769 | 1.5439 | 1.5494 | 1.4733 | 1.4732 |
| Net Cash Flow from Operating Activities Per Share (RMB/share) | 0.5889 | 0.5522 | 0.5522 | 0.8214 | 0.8214 |
| Return on Equity (%) | 15.13% | 6.25% | 6.54% | 11.86% | 12.11% |
| Return on Equity (Excluding Non-Recurring Gains and Losses) (%) | 8.43% | -1.99% | -1.67% | 14.56% | 14.81% |
3.2 Main Financial Indicators (Unit: RMB)
| Item | 2006 | 2005 | Change (%) | 2004 |
|---|---|---|---|---|
| Earnings Per Share | 0.3017 | 0.1058 | 185.16% | 0.1901 |
| Return on Equity | 15.13% | 6.25% | 8.88% | 11.86% |
| Return on Equity (Excluding Non-Recurring Gains and Losses) | 8.43% | -1.99% | 10.42% | 14.56% |
| Net Cash Flow from Operating Activities Per Share | 0.5889 | 0.5522 | 6.65% | 0.8214 |