Important Notice
1.1 The Board of Directors and its members 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; investors wishing to understand the detailed content should read the full annual report.
1.2 No director has declared that they cannot guarantee the authenticity, accuracy, and completeness of the annual report's content or has any objections.
1.3 All directors attended the board meeting.
1.4 Shenzhen Pengcheng Accounting Firm issued an audit report with a disclaimer of opinion for the company. The Board of Directors and the Supervisory Board have provided detailed explanations regarding relevant matters; investors are advised to read carefully.
1.5 The Chairman of the Board and General Manager Qiao Shaohui, Financial Officer Zhang Hong, and Financial Manager Geng Hongyan declare: they guarantee the authenticity and completeness of the financial report in the annual report.
Company Overview
2.1 Basic Information
- Stock Abbreviation: *ST Changxing
- Stock Code: 000827
- Listing Exchange: Shenzhen Stock Exchange
- Registered Address: Changxing Island Town, Wafangdian City, Dalian
- Office Address: 21st Floor, Postal Vanke Building, 67 Tongxing Street, Zhongshan District, Dalian
- Postal Code: 116318 (Registered Address), 116001 (Office Address)
- Company Website: http://www.cninfo.com.cn
- Email: dlchangxing@sohu.com
2.2 Contact Person and Contact Information
- Secretary of the Board: Jiang Zhengmin
- Securities Affairs Representative:
- Contact Address: 21st Floor, Postal Vanke Building, 67 Tongxing Street, Zhongshan District, Dalian
- Phone: 0411-82657998 ext. 8222
- Fax: 0411-82809651
- Email: ljxzbzjm@163.com
Summary of Accounting Data and Financial Indicators
3.1 Main Accounting Data
| Item | 2004 | 2003 | Change (%) | 2002 |
|---|---|---|---|---|
| Main Business Revenue | 90,071,611.05 | 95,776,362.51 | -5.96% | 110,359,902.97 |
| Total Profit | -95,169,378.56 | -89,155,893.70 | -6.74% | -6,731,034.03 |
| Net Profit | -91,712,203.81 | -83,546,586.26 | -9.77% | -7,728,075.09 |
| Net Profit Excluding Non-Recurring Gains | -76,916,132.00 | -69,183,414.29 | -11.18% | -9,791,016.58 |
| Net Cash Flow from Operating Activities | -57,028,107.11 | -38,447,628.84 | -48.33% | 33,750,977.91 |
3.2 Key Financial Indicators
| Item | 2004 | 2003 | Change (%) | 2002 |
|---|---|---|---|---|
| Earnings per Share | -1.37 | -1.25 | -9.60% | -0.12 |
| Net Asset Return Rate | -137.82% | -54.28% | -83.54% | -3.25% |
| Net Asset Return Rate Excluding Non-Recurring Gains | -115.98% | -44.95% | -71.03% | -4.12% |
| Net Cash Flow per Share | -0.85 | -0.58 | -46.55% | 0.51 |
3.3 Differences between Domestic and International Accounting Standards
- Applicable: No