Important Notice
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 significant omissions, and they bear individual and joint responsibility for the authenticity, accuracy, and completeness of its content.
1.2 No director, supervisor, or senior management has expressed doubts about the authenticity, accuracy, or completeness of the first quarter report.
1.3 All directors have attended the meeting.
1.4 The company's first quarter financial report has not been audited by an accounting firm.
1.5 Mr. Xia Yuxin, Chairman and President, and Mr. Tao Minghai, Financial Officer, declare that they guarantee the authenticity and completeness of the financial report in this quarterly report.
Company Basic Information
Main Accounting Data and Financial Indicators
Unit: (RMB) Yuan
| Item | End of Reporting Period | End of Previous Year | Change Compared to End of Previous Year (%) |
|---|---|---|---|
| Total Assets | 212,561,523.06 | 212,608,076.34 | -0.02% |
| Owner's Equity (or Shareholder's Equity) | -1,408,900,890.25 | -1,399,509,047.95 | 0.00% |
| Net Asset per Share | -6.08 | -6.04 | 0.00% |
| Net Cash Flow from Operating Activities | 6,972.03 | 0.00% | |
| Net Cash Flow from Operating Activities per Share | 0.00003 | 0.00% | |
| Net Profit | -9,391,842.30 | -9,391,842.30 | 0.00% |
| Basic Earnings per Share | -0.04 | -0.04 | 0.00% |
| Diluted Earnings per Share | -0.04 | -0.04 | 0.00% |
| Return on Net Assets | 0.67% | 0.67% | 0.29% |
| Return on Net Assets after Deducting Non-Recurring Gains and Losses | 0.67% | 0.67% | 0.29% |
Non-Recurring Gains and Losses
Unit: (RMB) Yuan
| Non-Recurring Gains and Losses Item | Amount from Beginning of Year to End of Reporting Period |
|---|---|
| Total | 0.00 |
Total Number of Shareholders and Shareholding of Top Ten Circulating Shareholders
Unit: Shares
| Item | Number |
|---|---|
| Total Number of Shareholders | 46,675 |
| Shareholder Name | Number of Circulating Shares | Share Type |
|---|---|---|
| Wang Hongjin | 984,612 | RMB Common Stock |
| Yan Chuan Kai | 901,464 | RMB Common Stock |
| Shi Ru | 650,000 | RMB Common Stock |
| He Xi Hai | 631,500 | RMB Common Stock |
| Song Bao Jin | 471,901 | RMB Common Stock |
| Chen Rong Hua | 446,430 | RMB Common Stock |
| Yan Chuan Xiang | 417,211 | RMB Common Stock |
| Wang Fan | 378,000 | RMB Common Stock |
| Yu Shao Hui | 361,300 | RMB Common Stock |
| Jia Shu Xin | 355,400 | RMB Common Stock |
Important Matters
3.1 Significant Changes in Main Accounting Statement Items and Financial Indicators: Applicable
3.2 Analysis of Major Events Progress and Their Impact and Solutions: Not Applicable
3.3 Fulfillment of Commitments by the Company, Shareholders, and Actual Controllers: Not Applicable
3.4 Warning and Explanation of Possible Losses or Significant Changes in Cumulative Net Profit from Beginning of Year to Next Reporting Period: Applicable
Due to the company's complete cessation of production and operations, but according to regulations, interest must be accrued on related debts, it is expected that the company's operating performance will still show losses in the first half of 2007.
3.5 Explanation of the Differences in Shareholder Equity at the Beginning of 2007 in the Balance Sheet and the "Adjustment Table of Differences in Shareholder Equity under New and Old Accounting Standards": Not Applicable