1、HUBEI SANONDA CO.,LTD.SUMMARY OF SEMI-ANNUAL REPORT 2005 1.Important Notice 1.1 Board of Directors of Hubei Sanonda Co.,Ltd.(hereinafter referred to as the Company)and its directors individually and collectively accept responsibility for the correctness,accuracy and completeness of the contents of t
2、his report and confirm that there are no material omissions nor errors which would render any statement misleading.The summary of semi-annual report 2005 is abstracted from the semi-annual report;and f ull text of the semi-annual report is published on Internet website http:/promulgated by CSRC in t
3、he mean time.The investors are suggested to read the full text of semi-annual report to understand more details.1.2 No director stated that he(she)could not ensure the correctness,accuracy and completeness of the contents of the Semi-annual Report or have objection for this report.1.3 All directors
4、attended the board of directors.1.4 The report of the Company has not been audited in the report period.1.5 Chairman of the Board Mr.Zhang Maoli,General Manager Mr.Zheng Xianhai and Person in Charge of financing hereby ensure that the financial report enclosed in this Semi-annual Report 2005 is true
5、 and complete.2.Company Profile 2.1 Basic information Short form of the stock SANONDA-A,SANONDA-B Stock code 000553,200553 Listed stock exchange Shenzhen Stock Exchange Secretary of the Board Securities Affairs Representative Name Li Zhongxi Hu Haosong and Cao Jin Contact address No.93,Beijing Road(
6、E),Jingzhou,Hubei No.93,Beijing Road(E),Jingzhou,Hubei Telephone 86-716-8208632 86-716-8208232 Fax 86-716-8208899 86-716-8208899 E-mail li_ 2.2 Major financial data and indexes 2.2.1 Major accounting data and financial indexes Unit:RMB Items At the end of this report period At the end of the last ye
7、ar Increase/decrease at the end of this report period compared with the period-end last year Current assets 955,496,983.53 867,974,651.56 10.08%Current liabilities 677,677,587.04 548,560,583.31 23.54%Total assets 1,685,979,223.92 1,553,848,827.18 8.50%Shareholders equity(excluding minority interests
8、)883,523,953.89 879,072,281.39 0.51%Net assets per share 2.98 2.96 0.68%Net assets per share after adjustment 2.86 2.85 0.35%Items In the report period(Jan.to Jun.2005)At the same period of last year Increase/decrease in this report period compared with the same period of last year(%)Net profit 8,14
9、7,983.74 5,096,709.57 59.87%Net profit after deducting non-recurring gains and losses 19,060,646.91 9,385,819.74 103.08%Earnings per share 0.03 0.02 50.00%Earnings per share(note)-Return on equity 0.92%0.58%0.34%Net cash flow arising from operating activities-44,949,960.87-38,706,366.41-16.13%2.2.2
10、Items of non-recurring gains and losses Applicable Inapplicable Unit:RMB Items of non-recurring gains and losses Amount Short-term investment losses-6,548,230.67 Non-operating income and expenses(after deducting reserve for devaluation of assets)-4,364,432.50 Total-10,912,663.17 2.2.3 Difference bet
11、ween CAS and IAS respectively:Applicable Inapplicable Unit:RMB Items CAS IAS Net profit 8,147,983.74 8,147,983.74 Explain on difference 3.Changes in Share Capital and Particulars about Shareholders 3.1 Statement of change in shares Applicable Inapplicable 3.2 Particulars about shares held by the top
12、 ten shareholders and shareholders of circulation share Total shareholders at the end of report period 39,839 Particulars about shares held by the top ten shareholders Name of shareholders(full name)Increase/decrease in the report period Holding shares at the period-end(share)Proportion(%)Type of sh
13、ares(Circulating or non-circulating)Number of share pledged or frozen Nature of shareholders(state-owned shareholder or foreign shareholder)SANONDA GROUP CORPORATION 0 81,726,625 27.52%Non-circulating 81,726,625 State-owned shareholder QICHUN COUNTY STATE ASSETS MANAGEMENT BUREAU 0 3,002,709 1.01%No
14、n-circulating 0.00 State-owned shareholder WU QUN JUAN-40,000 1,585,450 0.53%Circulating 0.00 Foreign shareholder QU WEI 0 1,228,015 0.41%Circulating 0.00 Foreign shareholder ZHANG SHENG 84,100 1,196,120 0.40%Circulating 0.00 Foreign shareholder SHEN YING 1,020,800 0.34%Circulating 0.00 Foreign shar
15、eholder TAIJI INVESTMENT CO.,LTD.1,000,000 0.33%Circulating 0.00 Foreign shareholder GUANGQI INVESTMENT CO.,LTD.1,000,000 0.33%Circulating 0.00 Foreign shareholder FINANCIAL CO.,LTD.864,550 0.29%Circulating 0.00 Foreign shareholder WANG ZI HUA 776,000 776,000 0.26%Circulating 0.00 Foreign shareholde
16、r Particulars about shares held by the top ten shareholders o f circulation share Name of shareholders(full name)Circulation shares held at the period-end Type of share(A-share,B-share,H-share and other)WU QUN JUAN 1,585,450 B-share QU WEI 1,228,015 B-share ZHANG SHENG 1,196,120 B-share SHEN YING 1,
17、020,800 B-share TAIJI INVESTMENT CO.,LTD.1,000,000 B-share GUANGQI INVESTMENT CO.,LTD.1,000,000 B-share FINANCIAL CO.,LTD 864,550 B-share WANG ZI HUA 776,000 B-share TAN DONG SHAN 680,060 B-share ZHANG BING WU 653,100 B-share Explanation of associated relationship or consistent action of the top ten
18、 shareholders Among the top ten shareholders and the top ten shareholders of circulation share,the Company is unknown whether there exists associated relationship,or whether they belong to the consistent actionist regulated by the Management Measure of Information Disclosure on Change of Shareholdin
19、g for Listed Companies or not.Explanation on the appointed period of holding shares which strategic investor or general legal person participates in the allotment of new shares Shareholders name Appointed period of holding share Naught Naught 3.3 Particulars about change in controlling shareholder a
20、nd actual controller of the Company Applicable Inapplicable 4.Particulars about Directors,Supervisors and Senior Executives 4.1 Particulars about changes of directors,supervisors and senior executives Applicable Inapplicable 5.Discussion and Analysis of the Management 5.1 Statement of main operation
21、s classified according to industries and products Unit:RMB0000 Statement of main operations classified according to industries Items Income from main operations Cost of main operations Gross profit ratio(%)Increase/decrease in income from main operations over the same period of last year(%)Increase/
22、decrease in cost of main operations over the same period of last year(%)Increase/decrease in gross profit ratio over the same period of last year(%)Manufacture of chemical pesticides 42,579.15 34,832.58 18.19%10.12%9.74%0.28%Manufacture of basic chemical materials 19,765.86 16,528.91 16.38%74.98%67.
23、48%3.75%Industries of real estate s development and management 45.51 40.52 10.96%-98.48%-98.30%9.69%Including:related transactions Statement of main operations classified according to products Pesticides 42,579.15 34,832.58 18.19%10.12%9.74%0.28%Chemicals 19,765.86 16,528.91 16.38%74.98%67.48%3.75%R
24、eal estate 45.51 40.52 10.96%-98.48%-98.30%9.69%Including:related transactions Pricing rules for related transactions Among the transactions occurred in the Company,sales of related transaction and related purchase belongs to normal operation activities,carrying out in accordance with sustainable an
25、d mutual benefit principal,price of related transaction fixed based on market price,moving along legal,transparency and fair related liabilities and credit kept normal and reasonable limits.Including:in the report period,amount of related transactions which the listed company sold products and offer
26、ed labor service to controlling shareholders and its subsidiaries was 36.17 million.5.2 Particulars about main operations classified according to areas Unit:RMB0000 Areas Income from main operations Increase/decrease in income from main operations over the same period of last year(%)Domestic 40,766.
27、39 1.33%Overseas 21,624.13 69.82%5.3 Other operations affecting material influence on net profit Applicable Inapplicable 5.4 Operation of share-holding companies Applicable Inapplicable Unit:RMB0000 Name of share-holding company Sanonda Tianmen Agro-chemical Company Limited Investment earnings contr
28、ibuted in the period 210.00 Proportion in net profit of the listed company 25.77%Business scope Pesticide products Share-holding company Net profit 248.00 5.5 Explanation on reasons of material changes in main operations and its structure Applicable Inapplicable 5.6 Explanation on reasons of materia
29、l changes in profitability capability of main operations(gross profit ratio)than that in the last year Applicable Inapplicable 5.7 Analysis to reasons of material changes in profit structure compared with the previous year Applicable Inapplicable 5.8 Application of the raised proceeds 5.8.1 Use of t
30、he raised proceeds Applicable Inapplicable 5.8.2 Particulars about the changed projects Applicable Inapplicable 5.9 Plan of the Board on amending the business plan in the second half of the year Applicable Inapplicable 5.10 Estimation on accumulative net profit from the beginning of the year to the
31、end of next report period to be loss probably or the warning of its material change compared with the corresponding period of the last year and explanation on reason Applicable Inapplicable 5.11 Explanation of the Management on“Qualified Opinion”from the Certified Public Accountants in the report pe
32、riod Applicable Inapplicable 5.12 Explanation of the Management on changes and disposal of the issues involved in“Qualified Opinion”from the Certified Public Accountants in the last year Applicable Inapplicable 6.Significant Events 6.1 Acquisition and sales of assets and assets restructure 6.1.1 Ass
33、ets acquired Applicable Inapplicable 6.1.2 Assets sold Applicable Inapplicable 6.1.3 Progress of these events and its influence on the operating results and financial status in the report period after the report on assets restructure or public notice on acquisition and sales of assets being publishe
34、d Applicable Inapplicable 6.2 Guarantees Applicable Inapplicable Unit:RMB0000 Particulars about external guarantee of the Company(excluding guarantees for controlling subsidiaries)Name of objects guaranteed Date of happening(date of agreement signing)Amount of guarantee Type of guarantee Term of gua
35、rantee Finish implementation or not Guarantee for related parties or not(yes or no)Total amount of guarantees in the report period 0.00Total balance of guarantees in the report period 0.00Particulars about guarantee for controlling subsidiary Total amount of occurred guarantee for controlling subsid
36、iary in the report period 3,700.00Total balance of occurred guarantee for controlling subsidiary in the report period 3,700.00Particulars about total amount of guarantees of the Company(including guarantee for controlling subsidiary)Total amount 5,271.00The ratio of total amount to net assets of the
37、 Company 5.97%Particulars about guarantees out of line Guarantee amount provided to shareholders and other related parties of which the Company controls less than 50%equity 0.00Amount of liability guarantee directly or indirectly provided to the investees with a over 70%asset-liability ratio 0.00The
38、 part of the total guarantee amount exceeding 50%of the net assets 0.00Total amount of irregular guarantees 0.00 6.3 Current related credits and liabilities Applicable Inapplicable Unit:RMB0000 Capital provided to related parties Capital provided by related parties to the listed company Name of rela
39、ted parties Relationships Debit Balance Credit Balance HUBEI DATION CHEMICAL CO.,LTD.Subsidiary of group company 0.00 1,333.00 0.00 0.00 JINGZHOU TIANYANG HUIBAO MICRO CHEMICAL CO.,LTD Share-holding company 223.00 281.00 0.00 0.00 SANONDA WEIXUN CO.Share-holding company 0.00 46.00 0.00 0.00 JINGZHOU
40、 FUDE GENERAL FOOD FACTORY Subsidiary of group company 0.00 456.00 0.00 0.00 SANONDA MEIHUA INDUSTRY CO.Subsidiary of group company 313.00 420.00 0.00 0.00 Total 536.00 2,536.00 0.00 0.00 Including:in the report period,the occurred amount and balance of the listed company supplying capital to contro
41、lling shareholders and its subsidiaries were respectively RMB 10 million and RMB 107 million.6.4 Material lawsuits and arbitrations Applicable Inapplicable 6.5 Other significant events and explanation on analysis to their influences and solutions Applicable Inapplicable 7.Financial Report 7.1 Auditi
42、ng opinion Financial Report Unaudited Audited 7.2 Financial report 7.2.2 Income Statement and Statement of Profit Distribution Unit:RMB Domestic Statement Jan.-Jun.2005 Jan.-Jun.2004 Items Consolidated Parent Company Consolidated Parent Company.Income from main operations 623,905,190.42 382,496,481.
43、10 529,642,746.87 326,664,886.27 Less:Cost of main operations 514,020,075.14 315,660,493.07 439,919,088.50 274,152,861.16 Business and related taxes 224,764.02 140,718.40 1,857,902.73 263,466.83.Profit from main operations 109,660,351.26 66,695,269.63 87,865,755.64 52,248,558.28 Add:Other operating
44、profit 4,599,914.31 1,856,761.12 2,513,128.91 484,251.80 Less:Selling expenses 34,680,483.86 20,134,183.26 26,752,548.21 15,085,446.15 Administrative expenses 45,399,527.82 27,797,200.45 41,985,889.47 23,077,027.05 Financial expenses 13,899,963.67 8,199,218.58 9,777,147.65 3,410,137.41.Operating pro
45、fit 20,280,290.22 12,421,428.46 11,863,299.22 11,160,199.47 Add:Investment income-6,548,230.67-4,264,718.35-7,371,606.36-6,009,163.45 Subsidy income 0.00 0.00 Non-operating income 391,731.21 342,980.11 101,601.21 78,486.30 Less:Non-operating expenses 4,756,163.71 351,706.48 546,118.93 132,812.75.Tot
46、al profit 9,367,627.05 8,147,983.74 4,047,175.14 5,096,709.57 Less:Income tax 1,392,220.44 2,721,458.96 Less:Minority interests-227,700.68-2,106,596.88 Add:Unconfirmed investment losses in the period-55,123.55 1,664,396.51.Net profit 8,147,983.74 8,147,983.74 5,096,709.57 5,096,709.57 Add:Retained e
47、arnings at the year-beginning-38,583,618.19-38,583,618.19-52,446,961.20-52,446,961.20 Other transfer-ins.Profit available for distribution-30,435,634.45-30,435,634.45-47,350,251.63-47,350,251.63 Less:Statutory surplus reserve Statutory public welfare reserve Employee bonus and welfare funds Reserve
48、funds Enterprise development funds Returned investment from profit.Profit available for distribution to investors-30,435,634.45-30,435,634.45-47,350,251.63-47,350,251.63 Less:dividend for preferred shares payable Discretionary reserves Dividends for ordinary shares Dividends for ordinary shares conv
49、erted to capital(or share capital).Retained earnings-30,435,634.45-30,435,634.45-47,350,251.63-47,350,251.63 Supplemental information:1.Profit from selling or disposing branch or investee 2.Losses from natural disaster 3.Increase(or decrease)in total profit due to the changes of accounting policies
50、4.Increase(or decrease)in total profit due to the changes of accounting estimation 5.Loss on debts restructure 6.Others 7.3 Notes to financial report 7.3.1 If there have been any changes to the accounting policy and accounting estimates,or modification of accounting errors,give the relevant contents
