Huaxin Cement Co., Ltd.
Abstract of Half Year Report 2012
§1 IMPORTANT NOTE
1.1 The Board of Directors of the Company and its members, Supervisory Committee of the Company and its members and members of Top Management confirm, to the best of their knowledge, that there is no false or misleading statement or material omission in this report and shall be severally and jointly liable for the truthfulness, accuracy and completeness of its contents.
This Half Year Report Abstract is extracted from the full text of the Half Year Report, if investors want to know the detailed information, please refer to the full text of the Half Year Report.
1.2 All Directors attended the Meeting.
1.3 The Half Year Financial Statements of the Company have not been audited.
1.4 There is no nonoperating capital taking up by the controlling shareholder and its related parties.
1.5 All the external guarantees provided by the Company are in compliance with the decision-making procedures.
1.6 Chairman of the Company Mr. Xu Yongmo, CEO Mr. Li Yeqing, CFO Ms. Kong Lingling, and chief of financial department Mr. Wu Xin declare and confirm that this Half Year Report is true and complete.
§2 General information
2.1 General
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Share abbreviation
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Huaxin Cement
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Share code
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600801
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Place of listing
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Shanghai Stock Exchange
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Share abbreviation
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Huaxin B share
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Share code
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900933
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Place of listing
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Shanghai Stock Exchange
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Secretary to the Board
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Securities affairs representative
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Name
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Mr. Wang Ximing
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Ms. Wang Lu
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Contact address
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5# Building, International Enterprise Centre, Special No.1 Guanggu Avenue, Wuhan City, Hubei Province
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5# Building, International Enterprise Centre, Special No.1 Guanggu Avenue, Wuhan City, Hubei Province
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Tel
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027-87773896
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027-87773898
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Fax
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027-87773992
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027-87773992
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E-mail
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investor@perangbayan.com
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2.2 Financial Highlights
2.2.1 Financial Statements Summary and Financial Indicators
Unit: RMB
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Item
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At the end of the reporting period
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At the end of last year
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Changes over last year end (%)
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Total assets
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21,764,996,374
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21,729,678,063
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0.16
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Shareholders’ equity
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7,327,481,461
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7,759,976,865
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-5.57
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Net assets per share attributable to the shareholders (Yuan/share)
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7.83
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8.30
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-5.57
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Reporting period (Jan-Jun)
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Same period of last year
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Changes over the same period of last year (%)
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Operating profit
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104,533,687
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773,089,335
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-86.48
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Total profit
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171,484,585
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816,326,594
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-78.99
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Net profit attributable to the shareholders
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95,917,319
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542,055,969
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-82.30
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Net profit attributable to the shareholders after elimination of extra-ordinary items
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82,432,916
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535,624,335
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-84.61
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Basic earning per share
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0.10
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0.67
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-84.73
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Basic earning per share after elimination of extra-ordinary items
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0.09
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0.66
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-86.72
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Diluted earning per share
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0.10
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0.67
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-84.73
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Return on net assets, weighted average (%)
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1.24
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10.23
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Decreased by 8.99 percentage points
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Net Cash Flow from
Operating Activities
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763,796,644
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526,165,848
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45.16
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Net cash flow per share
from Operating Activities
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0.82
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0.65
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25.28
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2.2.2 Extraordinary Profit and Loss Items
þApplicable ¨Not Applicable
Unit: RMB
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Extra-ordinary Profit and Loss Items
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Amount
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Remarks
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Gains/losses from disposal of non-current assets
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-4,975,280
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Mainly from gains/losses from disposal of fixed assets
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Government subsidies, excluding regular fixed amount government subsidies
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24,553,516
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Mainly from local government subsidies
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Reversal of provisions for assets impairment of accounts
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2,418,803
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Other non-operating income and expenditures
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-2,877,424
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Impact from income tax
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-5,340,627
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Impacts from minority shareholders’ interests (after tax)
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-294,585
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Total
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13,484,403
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§3 Changes in Share Capital and Shareholders
3.1. Changes in the Capital Structure
¨ Applicable þ Not Applicable
3.2 Number of Shareholders and Share Holding
Unit: share
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Top ten shareholders and listed-share holders
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Names of Shareholders
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Shareholder type
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%
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Total Shares hold
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Change during the reporting period
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Shares subject to conditional sales
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Mortgage or frozen
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HOLCHIN B.V.
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Foreign corporation
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39.88
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373,010,636
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51,088,036
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State-owned Shares (held by Huaxin Group Co., Ltd.)
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State
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13.74
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128,501,296
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GAOLING FUND,L.P.
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Unknown
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5.50
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51,414,622
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Ningbo Qingchun Investment Co., Ltd.
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Unknown
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3.06
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28,593,718
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28,593,718
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HOLPAC LIMITED
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Foreign corporation
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1.97
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18,456,829
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18,456,829
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Huaxin Group Co., Ltd.
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State Corporation
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1.87
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17,452,464
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ABERDEEN GLOBAL-CHINESE EQUITY FUND |
Unknown
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1.40
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2,877,901
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Jiangsu Winfast Investment Holding Group Co., Ltd.
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Unknown
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1.15
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10,713,775
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10,713,775
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Taikang Asset Management Co., Ltd.
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Unknown
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1.11
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10,345,610
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10,345,610
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Tianjin Shengxi Equity Investment Fund (LP)
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Unknown
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0.92
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8,612,919
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8,612,919
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Top ten holders of shares not subject to conditional sales
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Names of Shareholders
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Number of Shares
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Type of Share
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HOLCHIN B.V.
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321,922,600
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RMB ordinary shares 150,400,000
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Domestic listed foreign investment shares 171,522,600
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State-owned Shares (held by Huaxin Group Co., Ltd.)
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128,501,296
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RMB ordinary shares 128,501,296
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GAOLING FUND,L.P.
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51,414,622
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Domestic listed foreign investment shares
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HOLPAC LIMITED
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18,456,829
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Domestic listed foreign investment shares
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Huaxin Group Co., Ltd.
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17,452,464
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ABERDEEN GLOBAL-CHINESE EQUITY FUND
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13,050,775
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Domestic listed foreign investment shares
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International Finance -- HSBC -- JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
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6,623,854
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Dacheng Value Growth Securities Investment Fund
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5,749,967
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China Construction Bank – Chinese advantage growth stock securities investment fund
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5,654,767
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Huangshi State-owned Assets Operation Co., Ltd.
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5,107,652
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Remarks on relationship or concerted actions of the above shareholders
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Holpac Limited is the party act in concert with Holchin B.V.
Huaxin Group Co., Ltd. held state shares on behalf of the State.
It is unknown to the Company whether there is any relationship among the shareholders or any concerted persons referred in the “Administrative Measures of Disclosing Changes in Shareholding for Listed Companies”.
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3.3 Change of the Controlling Shareholder and Actual controller
¨ Applicable þ Not Applicable
§4 Directors, Supervisors and Management
4.1 Shareholding Situation of the Directors, Supervisors and Senior Management
¨ Applicable þ Not Applicable
§5 DIRECTORS’ REPORT
5.1 The Classification of Major Operation according to Industry and Product
Unit: RMB
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Operation Income
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Operation Cost
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Operation
profit
(%)
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Operation Income change over same period of last year (%)
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Operation Cost change over same period of last year (%)
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Operation Profit change over the same period of last year (%)
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Industry
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Cement
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4,999,804,019
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3,966,616,259
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20.66
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-3.20
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7.86
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Decreased by 8.14 percentage points
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RMX
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279,821,760
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224,972,500
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19.60
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17.18
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15.25
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Increased by 1.34 percentage point
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Others
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180,949,625
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139,526,730
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22.89
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23.47
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59.03
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Decreased by 17.24 percentage point
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Total
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5,460,575,404
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4,331,115,489
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20.68
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-1.62
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9.36
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Decreased by 7.97 percentage points
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By Products
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Cement 32.5
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2,214,523,860
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1,684,753,676
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23.92
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-0.84
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11.30
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Decreased by 8.30 percentage points
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Cement 42.5 and above
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2,330,868,632
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1,863,717,582
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20.04
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-6.25
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1.37
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Decreased by 6.01 percentage points
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Clinker
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454,411,527
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418,145,001
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7.98
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1.94
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28.56
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Decreased by 19.05 percentage points
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RMX
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279,821,760
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224,972,500
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19.60
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17.18
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