Annual Report 2012 - Haitian International Holdings Ltd.

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Consolidated Statement of Changes in Equity For the year ended 31 December 2012 (Amounts expressed in RMB) Attributable to owners of the Company Share capital Share premium Other reserves Retained earnings Total Total equity Note RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 Balance at 1 January 2011 160,510 1,331,913 413,892 2,127,898 4,034,213 4,034,213 Comprehensive income Profit for the year − − − 1,103,628 1,103,628 1,103,628 Other comprehensive income Currency translation differences − − (5,450) − (5,450) (5,450) Total comprehensive income for the year ended 31 December 2011 − − (5,450) 1,103,628 1,098,178 1,098,178 Transactions with owners Dividend paid − 2010 final − − − (242,163) (242,163) (242,163) − 2011 interim 34 − − − (209,553) (209,553) (209,553) Appropriations − − 27,749 (27,749) − − Total transactions with owners − − 27,749 (479,465) (451,716) (451,716) Balance at 31 December 2011 160,510 1,331,913 436,191 2,752,061 4,680,675 4,680,675 Balance at 1 January 2012 160,510 1,331,913 436,191 2,752,061 4,680,675 4,680,675 Comprehensive income Profit for the year − − − 986,026 986,026 986,026 Other comprehensive income Currency translation differences − − 586 − 586 586 Total comprehensive income for the year ended 31 December 2012 − − 586 986,026 986,612 986,612 Transactions with owners Dividend paid − 2011 final 34 − − − (175,083) (175,083) (175,083) − 2012 interim 34 − − − (156,736) (156,736) (156,736) Appropriations − − 92,451 (92,451) − − Total transactions with owners − − 92,451 (424,270) (331,819) (331,819) Balance at 31 December 2012 160,510 1,331,913 529,228 3,313,817 5,335,468 5,335,468 The accompanying notes on pages 46 to 103 are an integral part of these consolidated financial statements. 44
Consolidated Statement of Cash Flow For the year ended 31 December 2012 (Amounts expressed in RMB) 2012 2011 Note RMB’000 RMB’000 Cash flows from operating activities Cash generated from operations 35(a) 1,994,544 581,675 Interest paid (20,861) (4,931) Income tax paid (181,546) (170,457) Net cash generated from operating activities 1,792,137 406,287 Cash flows from investing activities Acquisition of a subsidiary, net of cash acquired 35(b) — (149,825) Purchase of property, plant and equipment (266,367) (148,989) Entrusted loans granted to distributors — (228,493) Entrusted loans repayments from distributors 40,000 188,493 Interest received from banks 64,646 34,695 Interest received from other loans 1,630 8,479 Dividends received from an associate 9 490 489 Proceeds from disposal of a subsidiary, net of cash disposal 35(c) — 86,966 Proceeds from disposal of property, plant and equipment 35(d) 2,920 4,580 Purchase of financial assets at fair value through profit or loss (78,000) — Purchase of available-for-sale financial assets (1,354,900) — Proceeds from disposal of available-for-sale financial assets 1,174,900 — Net cash used in investing activities (414,681) (203,605) Cash flows from financing activities Proceeds from bank borrowings 447,070 493,960 Repayments of bank borrowings (623,223) (234,719) Payment of restricted bank deposits — (285,888) Dividends paid to the Company’s equity holders (331,819) (451,716) Net cash used in financing activities (507,972) (478,363) Net increase/(decrease) in cash and cash equivalents 869,484 (275,681) Cash and cash equivalents at beginning of year 1,741,067 2,016,748 Cash and cash equivalents at end of year 16 2,610,551 1,741,067 The accompanying notes on pages 46 to 103 are an integral part of these consolidated financial statements. Annual Report 2012 Haitian International Holdings Limited 45
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 and 10: Chairman‘s Statements maintain th
Page 11 and 12: CEO‘s Report Financial Review Sal
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: Consolidated Statement of Comprehen
Page 49 and 50: Notes to the Consolidated Financial
Page 97 and 98:
Notes to the Consolidated Financial
Page 99 and 100:
Page 101 and 102:
Page 103 and 104:
Page 105 and 106:
Page 107:
Haitian International Holdings Limi
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