Important Notes
1.1 The Board of Directors, Supervisory Board, and their directors, supervisors, and senior management guarantee that the information contained in this report does not have any false records, misleading statements, or significant 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, which is also published on the Giant Tide Information Network (www.cninfo.com.cn). Investors wishing to understand the detailed content should read the full annual report carefully.
1.2 Except for the following directors, other directors attended the board meeting to review this annual report in person.
| Name of Non-attending Director | Position | Reason for Absence | Name of Proxy |
|---|---|---|---|
| Du Keping | Vice Chairman | Business Trip | Wang Fugui |
| Zhu Wensheng | Director | Business Trip | Li Chunyan |
| Wang Xiaomin | Director | Health Reasons | - |
1.3 The company's annual financial report has been audited by Guohua Certified Public Accountants Co., Ltd., which issued a standard unqualified audit report.
1.4 The responsible person of the company, An Pingsui, the head of accounting work, Zheng Changshan, and the head of the accounting institution (accounting supervisor), Sun Honghai, declare: to ensure the authenticity and completeness of the financial report in the annual report.
Company Overview
2.1 Basic Information
| Stock Abbreviation | Stock Code | Listing Exchange | Registered Address | Postal Code | Office Address | Office Postal Code | Company Website | |
|---|---|---|---|---|---|---|---|---|
| Salt Lake Group | 000578 | Shenzhen Stock Exchange | Golmud City, Qinghai Province | 816000 | No. 28, Huanghe Road, Golmud City, Qinghai Province | 816000 | http://www.qhyhjt.com | yhjtbgs@126.com |
2.2 Contact Person and Contact Information
| Position | Name | Contact Address | Phone | Fax | |
|---|---|---|---|---|---|
| Secretary of the Board | Wu Wenhao | No. 28, Huanghe Road, Golmud City, Qinghai Province | 09798448020 | 09798434104 | yhjtbgs@126.com |
| Securities Affairs Representative | Du Penghuan | No. 28, Huanghe Road, Golmud City, Qinghai Province | 09798448019 | 09798434104 | yhjtbgs@126.com |
| Securities Affairs Representative | Wu An | No. 28, Huanghe Road, Golmud City, Qinghai Province | 09798448031 | 09798434104 | yhjtbgs@126.com |
Summary of Accounting Data and Business Data
3.1 Main Accounting Data (Unit: CNY)
| Item | 2010 | 2009 | Change (%) | 2008 (Before Adjustment) | 2008 (After Adjustment) |
|---|---|---|---|---|---|
| Total Revenue | 5,896,564,802.91 | 5,541,591,677.28 | 6.41% | 4,924,734,829.01 | 4,924,734,829.01 |
| Total Profit | 2,799,933,367.06 | 2,898,091,580.47 | -3.39% | 3,302,783,307.37 | 3,302,783,307.37 |
| Net Profit Attributable to Shareholders | 1,499,368,247.90 | 1,458,394,648.65 | 2.62% | 1,504,516,239.97 | 1,504,516,239.97 |
| Net Profit Attributable to Shareholders (Excluding Non-recurring Gains and Losses) | 1,512,272,898.31 | 1,455,718,038.49 | 3.89% | 1,461,182,756.81 | 1,461,182,756.81 |
| Net Cash Flow from Operating Activities | 2,985,739,531.32 | 1,269,039,853.75 | 135.28% | 2,654,850,455.42 | 2,654,850,455.42 |
3.2 Main Financial Indicators (Unit: CNY)
| Item | 2010 | 2009 | Change (%) | 2008 (Before Adjustment) | 2008 (After Adjustment) |
|---|---|---|---|---|---|
| Basic Earnings per Share | 0.4888 | 0.48 | 1.83% | 0.49 | 0.48 |
| Diluted Earnings per Share | 0.4888 | 0.48 | 1.83% | 0.49 | 0.48 |
| Basic Earnings per Share (Excluding Non-recurring Gains and Losses) | 0.4930 | 0.47 | 4.89% | 0.48 | 0.47 |
| Weighted Average Return on Equity (%) | 17.85% | 20.20% | -2.26% | 23.59% | 47.67% |
| Weighted Average Return on Equity (Excluding Non-recurring Gains and Losses) (%) | 18.00% | 20.17% | -2.07% | 47.67% | 44.76% |
| Net Cash Flow per Share from Operating Activities | 0.9733 | 0.4137 | 135.27% | 0.87 | 0.87 |