Report for the Third Quarter of 2014 of Wuxi Little Swan Company Limited
Wuxi Little Swan Company Limited
Report for the Third Quarter of 2014
October 2014
Report for the Third Quarter of 2014 of Wuxi Little Swan Company Limited
Section I. Important Reminders
The Board of Directors, the Supervisory Committee as well as all directors, supervisors and senior management
staff of Wuxi Little Swan Company Limited (hereinafter referred to as “the Company”) warrant that this report is
factual, accurate and complete without any false record, misleading statement or material omission. And they shall
be jointly and severally liable for that.
All directors attended the board session for reviewing this report.
Mr. Fang Hongbo, chairman of the Board of Directors, Mr. Zhang Zhaofeng, CFO, and Mr. Zhong Fangliu, chief
of the accounting organ (chief of accounting), hereby confirm that the Financial Report enclosed in this report is
factual, accurate and complete.
This report is prepared in both Chinese and English. Should there be any discrepancy between the two versions,
the Chinese version shall prevail.
Report for the Third Quarter of 2014 of Wuxi Little Swan Company Limited
Section II. Financial Highlights & Change of Shareholders
I. Major accounting data and financial indexes
Does the Company adjust retrospectively or restate accounting data of previous years due to change of the accounting policy or
correction of any accounting error?
□ Yes √ No
30 Sept. 2014 31 Dec. 2013 Increase/decrease (%)
Total assets (RMB Yuan) 10,575,549,706.77 9,222,527,380.74 14.67%
Net assets attributable to shareholders of
4,243,024,026.22 3,908,897,654.74 8.55%
the Company (RMB Yuan)
YoY YoY
Jul.-Sept. 2014 Jan.-Sept. 2014
increase/decrease (%) increase/decrease (%)
Operating revenues (RMB Yuan) 2,804,258,384.17 19.23% 7,778,315,404.72 22.49%
Net profit attributable to shareholders of
197,842,982.94 92.37% 514,201,515.06 58.80%
the Company (RMB Yuan)
Net profit attributable to shareholders of
the Company after extraordinary gains 172,201,108.23 123.90% 444,699,105.33 68.69%
and losses (RMB Yuan)
Net cash flows from operating activities
-- -- 1,013,018,933.44 9.62%
(RMB Yuan)
Basic EPS (RMB Yuan/share) 0.31 92.37% 0.81 58.80%
Diluted EPS (RMB Yuan/share) 0.31 92.37% 0.81 58.80%
Weighted average ROE (%) 4.78% 75.09% 12.53% 46.38%
Items and amounts of extraordinary gains and losses
√Applicable □Inapplicable
Unit: RMB Yuan
Item Amount as of Jan.-Sept. 2014 Note
Gains/losses on the disposal of non-current assets (including the offset
5,611,098.89
part of asset impairment provisions)
Government grants recognized in the current period, except for those
acquired in the ordinary course of business or granted at certain quotas or 10,750,842.62
amounts according to the country’s unified standards
Gain/loss on entrusting others with investments or asset management 77,363,661.47
Gain/loss on debt restructuring 1,688,200.34
Reversal of impairment provisions for the accounts receivable on which
5,548,244.81
impairment tests were carried out separately
Report for the Third Quarter of 2014 of Wuxi Little Swan Company Limited
Other non-operating income and expenses than the above 4,622,384.28
Other gain/loss items that meet the definition of an extraordinary
-10,167,408.75
gain/loss
Less: Income tax effects 15,877,500.88
Minority interests effects (after tax) 10,037,113.05
Total 69,502,409.73 --
Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in the Explanatory
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Extraordinary Gains and
Losses, or classifies any extraordinary gain/loss item mentioned in the said explanatory announcement as a recurrent gain/loss item
□ Applicable √ Inapplicable
II. Total number of shareholders and shareholdings of the top ten shareholders at the
period-end
1. Total number of common shareholders and shareholdings of the top ten common shareholders at the
period-end
Unit: share
Total number of common
28,874
shareholders at the period-end
Shareholdings of the top ten common shareholders
Number of Pledged or frozen
Shareholding Number of the restricted shares
Name of shareholder Nature of shareholder
percentage (%) shares held shares Status of Number
held shares of shares
Domestic non-state-owned
MIDEA GROUP CO., LTD. 37.78% 238,948,117
corporation
TITONI INVESTMENTS
Foreign corporation 14.89% 94,204,942
DEVELOPMENT LTD.
GAOLING FUND,L.P. Foreign corporation 4.23% 26,727,686
On behalf of the
FINANCE BUREAU OF WUXI 3.49% 22,057,657
government
GUOTAI JUNAN
SECURITIES(HONGKONG) Foreign corporation 2.28% 14,408,237
LIMITED
NATIONAL SOCIAL
Domestic non-state-owned
SECURITY FUND PORTFOLIO 1.90% 12,000,000
corporation
102
NATIONAL SOCIAL Domestic non-state-owned 0.98% 6,180,101
Report for the Third Quarter of 2014 of Wuxi Little Swan Company Limited
SECURITY FUND PORTFOLIO corporation
108
CCB－PENGHUA VALUE
ADVANTAGE STOCK Domestic non-state-owned
0.88% 5,593,148
SECURITIES INVESTMENT corporation
FUND
INDUSTRIAL SECURITIES Domestic non-state-owned
0.65% 4,100,000
CO., LTD corporation
Li Zhuangyu Domestic individual 0.63% 4,000,000
Shareholdings of the top ten non-restricted common shareholders
Number of non-restricted Type of shares
Name of shareholder common shares held at the
Type Number
period-end
MIDEA GROUP CO., LTD. 238,948,117 RMB ordinary share
TITONI INVESTMENTS DEVELOPMENT LTD. 94,204,942 Domestically listed foreign share
GAOLING FUND,L.P. 26,727,686 Domestically listed foreign share
FINANCE BUREAU OF WUXI 22,057,657 RMB ordinary share
GUOTAI JUNAN SECURITIES(HONGKONG)
14,408,237 Domestically listed foreign share
LIMITED
NATIONAL SOCIAL SECURITY FUND
12,000,000 RMB ordinary share
PORTFOLIO 102
NATIONAL SOCIAL SECURITY FUND
6,180,101 RMB ordinary share
PORTFOLIO 108
CCB－PENGHUA VALUE ADVANTAGE STOCK
5,593,148 RMB ordinary share
SECURITIES INVESTMENT FUND
INDUSTRIAL SECURITIES CO., LTD 4,100,000 RMB ordinary share
Li Zhuangyu 4,000,000 RMB ordinary share
MIDEA GROUP CO., LTD. and TITONI INVESTMENTS
Explanation on associated relationship or/and persons
DEVELOPMENT LTD. are parties acting in concert.
Did any of the top 10 common shareholders or the top 10 non-restricted common shareholders of the Company carry out any agreed
buy-back in the reporting period?
□ Yes √ No
2. Total number of preferred share holders and shareholdings of the top ten preferred share holders at the
period-end
□ Applicable √ Inapplicable
Report for the Third Quarter of 2014 of Wuxi Little Swan Company Limited
Section III. Significant Events
I. Major changes of main accounting statement items and financial indicators in the reporting
period, as well as reasons for the changes
1. Major changes of main accounting statement items in the reporting period, as well as reasons for the
changes
Unit: RMB Ten thousand
30 Sept. 31 Dec. Increase Increase
Financial statement item Explanation
2014 2013 /decrease /decrease (%)
We enhanced capital management,
Monetary funds 238,078.34 161,737.31 76,341.03 47% adopting notes instead of cash more
often in payment.
Financial assets measured The fair value of the forward foreign
at fair value and of which exchange contracts decreased due to
the gains are recorded 162.59 1,501.67 -1,339.08 -89% exchange rate fluctuations, and the
into current gains and forward foreign exchange contracts
losses signed with banks decreased.
Accounts receivable increased due to
Accounts receivable 104,145.35 77,774.41 26,370.94 34%
the sales cycle.
Prepayments 19,821.61 14,084.19 5,737.42 41% Prepayments for materials increased.
Construction in progress 218.43 - 218.43 100% Plant engineering of the Company
Long-term deferred Molds were amortized and the book
257.81 714.78 -456.97 -64%
expenses value decreased.
Deferred income tax The deductible temporary difference
25,414.38 17,099.10 8,315.29 49%
assets increased.
Subsidiaries secured new short-term
Short-term borrowings 10,036.07 - 10,036.07 100%
borrowings from banks.
Banker’s acceptance bills drawn by
Notes payable 93,270.39 38,567.31 54,703.08 142% the Company were adopted more
often in payment.
Accounts received in Accounts received in advance
49,163.55 105,795.26 -56,631.71 -54%
advance decreased due to the sales cycle.
Accounts payable increased due to
Accounts payable 358,771.25 276,804.61 81,966.64 30%
the procurement scale and cycle.
Taxes payable increased due to
Taxes and fares payable 27,589.62 19,920.39 7,669.23 38%
growth in the sales scale and profits.
Report for the Third Quarter of 2014 of Wuxi Little Swan Company Limited
Deferred income tax The book value of transactional
27.40 228.44 -201.04 -88%
liabilities financial assets decreased.
Jan.-Sept. Jan.-Sept. Increase Increase
Financial statement item Explanation
2014 2013 /decrease /decrease (%)
The exchange loss decreased as a
result of exchange rate fluctuations.
Financial expenses -4,341.62 2,210.16 -6,551.77 -296%
And the interest income increased
along with the monetary funds.
The gains on fair value changes of
Gains on fair value
-1,339.08 1,395.17 -2,734.25 -196% forward exchange contracts
changes
decreased.
The loss on disposal of worn-out
Non-business expenses 762.88 1,448.66 -685.78 -47%
fixed assets decreased.
The sales scale and the gross profit
Total profits 69,169.44 43,009.10 26,160.34 61%
rate both increased.
Income tax expenses 10,938.08 6,559.94 4,378.14 67% Total profits increased.
The sales scale and the gross profit
Net profits 58,231.35 36,449.16 21,782.19 60%
rate both increased.
The net profits of subsidiary Hefei
Minority shareholders’
6,811.20 4,068.58 2,742.63 67% Midea Washing Machine Co., Ltd.
income
increased.
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| 公告日期:2014-10-22 |
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