Annual Report 2012 - Haitian International Holdings Ltd.

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CEO‘s Report CEO‘S REPORT Highlights Increase/ 2012 2011 (decrease) RMB’ million RMB’ million % Sales 6,335.6 7,027.6 (9.8) Gross profit 1,907.3 2,088.1 (8.7) Profit attributable to equity holders of the Company 986.0 1,103.6 (10.7) Basic Earnings per share (expressed in RMB per share) 0.62 0.69 (10.7) Dividend per share (expressed in HK$ per share) Proposed final 0.15 0.135 11.1 Full year (including interim) 0.27 0.295 (8.5) • Stable level of business despite the tough environment and recorded sales of RMB6,335.6 million, representing a drop of 9.8% in revenue compared to 2011’s sales • Slightly improvement in gross profit margin to 30.1% (2011: 29.7%) • Maintained stable net profit margin of 15.6% (2011: 15.7%) despite the drop of revenue • Profit attributable to equity holders of the Company amounted to RMB986.0 million represented a drop of 10.7% compared to 2011 which was the highest profit level in our Group’s history • The Board proposed an final dividend of HK15.0 cents per share • Continued improvement in operating cashflow and the net cash position increased from RMB1,775.4 million as of 31 December 2011 to RMB2,261.5 million as of 31 December 2012 08
CEO‘s Report Financial Review Sales Due to the adverse macroeconomic factors including the uncertainty of Eurozone’s sovereign debt crisis, slow recovery of US economy and slow down of the China economic growth, we recorded a revenue of RMB6,335.6 million during the Reported Period, representing a decrease of 9.8% compared to 2011. The decrease was mainly attributable to the decrease in domestic sales by 13.7% to RMB4,189.7 million during the Reported Period compared to 2011. The export sales only recorded a negligible decrease by 0.1% to RMB1,990.0 million during the Reported Period compared to 2011 through our committed strategy of strengthening export sales including developing new markets and enhancing the pre-sales and after-sales services. Annual Report 2012 Haitian International Holdings Limited 09
Page 3 and 4: Contents 2 Financial Highlights 3 C
Page 5 and 6: Company Profile and Corporate Infor
Page 7 and 8: Chairman‘s Statements The Board o
Page 9: Chairman‘s Statements maintain th
Page 13 and 14: CEO‘s Report Foreign Exchange Ris
Page 15 and 16: Directors and Senior Management Exe
Page 17 and 18: Directors and Senior Management Mr.
Page 19 and 20: Directors and Senior Management Dr.
Page 21 and 22: Investor Information Listing Inform
Page 23 and 24: Corporate Governance Report Haitian
Page 25 and 26: Corporate Governance Report Directo
Page 27 and 28: Corporate Governance Report During
Page 29 and 30: Corporate Governance Report Shareho
Page 31 and 32: Report of the Directors The directo
Page 33 and 34: Report of the Directors (vii) Exerc
Page 35 and 36: Report of the Directors Long Positi
Page 37 and 38: Report of the Directors Competing B
Page 39 and 40: Independent Auditor’s Report TO T
Page 41 and 42: Consolidated Balance Sheet As at 31
Page 43 and 44: Balance Sheet As at 31 December 201
Page 45 and 46: Consolidated Statement of Comprehen
Page 47 and 48: Consolidated Statement of Cash Flow
Page 49 and 50: Notes to the Consolidated Financial
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Notes to the Consolidated Financial
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Haitian International Holdings Limi
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Annual Report 2012 - Haitian International Holdings Ltd.

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