Stock Code: 002301 Stock Abbreviation: QiXin Stationery Announcement No.: 2010-010
Abstract of the Annual Report of Shenzhen QiXin Stationery Co., Ltd. for the Year 2010
1 Important Notice
1.1 1. The board of directors, the board of supervisors, and the directors, supervisors, and senior executives of this company guarantee that there are no false records, misleading statements, or significant omissions in the information contained in this report, and they assume individual and joint responsibility for its truthfulness, accuracy, and completeness.
2. There were no directors, supervisors, or senior executives who could not guarantee the truthfulness, accuracy, and completeness of the annual report content or had objections to it.
3. Director Chen Qinfa is currently hospitalized due to health reasons and was unable to attend the board meeting reviewing this annual report. He specially entrusted Director Chen Qinwu to attend the board meeting on his behalf and vote. All other directors attended the board meeting reviewing this annual report.
4. The company's annual financial report has been audited by Shenzhen Pengcheng Certified Public Accountants Co., Ltd. and received a standard unqualified audit opinion.
5. This annual report abstract is excerpted from the full annual report. The full annual report is also published on the Juchao Information Network (www.cninfo.com.cn). Investors who wish to understand the detailed content should carefully read the full annual report.
1.2 Except for the following directors, all other directors personally attended the board meeting reviewing this annual report.
Name of director who did not personally attend Position of director who did not personally attend Reason for not personally attending Name of proxy
Chen Qinfa Director Hospitalization due to health reasons Chen Qinwu
1.3 The company's annual financial report has been audited by Shenzhen Pengcheng Certified Public Accountants Co., Ltd. and received a standard unqualified audit opinion.
1.4 Mr. Chen Qinpeng, the company's responsible person, Ms. Li Li, the person in charge of accounting work, and Mr. Huang Jiabing, the head of the accounting institution (accounting supervisor), declare: Guarantee the truthfulness and completeness of the financial report in the annual report.
2 Basic Information about the Company
2.1 Brief Introduction of Basic Situation
Stock Abbreviation QiXin Stationery
Stock Code 002301
Listing Exchange Shenzhen Stock Exchange
Registered Address Room 05-06, 17th Floor, Tower A, World Trade Center, Fu Hong Road, Futian District, Shenzhen
Postal Code of Registered Address 518033
Office Address 7th Floor, W2-A Building, High-tech Industrial Park, Shen Nan Avenue, Nanshan District, Shenzhen
Postal Code of Office Address 518057
Company's International Internet Website
Email [email protected]
2.2 Contact Persons and Contact Information
Board Secretary Securities Affairs Representative
Name Shen Yanlei Zhao Wenning
Contact Address 7th Floor, W2-A Building, High-tech Industrial Park, Shen Nan Avenue, Nanshan District, Shenzhen 7th Floor, W2-A Building, High-tech Industrial Park, Shen Nan Avenue, Nanshan District, Shenzhen
1 Abstract of the Annual Report of Shenzhen QiXin Stationery Co., Ltd. for the Year 2010
Tel 0755-83679273 0755-8300240
Fax 0755-83002300 0755-83002300
Email [email protected] [email protected]
3 Summary of Accounting Data and Business Data
3.1 Main Accounting Data
Unit: Yuan
2010 2009 Year-on-Year Increase/Decrease (%) 2008 Total operating revenue (Yuan) 910,709,192.01 718,383,234.67 26.77% 634,987,217.06 Total profit (Yuan) 50,446,323.35 84,670,688.03 -40.42% 69,137,412.42 Net profit attributable to the listed company shareholders (Yuan) 50,524,552.99 71,968,788.08 -29.80% 58,836,476.80 Net profit attributable to the listed company shareholders
excluding non-recurring gains and losses (Yuan) 32,551,607.00 65,009,924.68 -49.93% 52,507,012.08 Net cash flow generated from operating activities (Yuan) 82,931,587.21 126,863,022.19 -34.63% 64,749,663.97
End of 2010 End of 2009 Year-on-Year Increase/Decrease at the End of the Year End of 2008
(%)
Total assets (Yuan) 1,265,486,965.87 1,141,837,892.17 10.83% 483,971,054.13 Owners' equity attributable to the listed company shareholders (Yuan) 963,629,567.81 951,622,215.50 1.26% 292,534,419.54 Share capital (Shares) 186,799,999.00 124,533,333.00 50.00% 93,333,333.003.2 Main Financial Indicators
Unit: Yuan
2010 2009 Year-on-Year Increase/Decrease (%) 2008 Basic earnings per share (Yuan/share) 0.27 0.49 -44.90% 0.42 Diluted earnings per share (Yuan/share) 0.27 0.49 -44.90% 0.42 Basic earnings per share excluding non-recurring items 0.17 0.44 -61.36% 0.38 (Yuan/share)
Weighted average return on net assets (%) 5.26% 17.13% -11.87% 22.24% Weighted average return on net assets excluding non-recurring items (%) 3.39% 15.47% -12.08% 19.85%
Net amount of cash flow generated from operating activities per share (Yuan/share) 0.44 1.02 -56.86% 0.69
End of 2010 End of 2009 Year-on-Year Increase/Decrease at the End of the Year End of 2008
(%)
Net assets per share attributable to the listed company shareholders (Yuan/share) 5.16 7.64 -32.46% 3.13
Non-recurring Items
√ Applicable Not Applicable
Unit: Yuan
Non-recurring Item Amount Notes (if applicable)
Gains/(losses) from disposal of non-current assets -137,039.85
The company actually received tax rebate in April 2010, affecting income tax expenses by 7,484,181.29
Yuan.
Our subsidiary, Guanlan Stationery Factory of Shenzhen QiXin Stationery Co., Ltd., enjoys the following tax benefits: From the first year of profitability, corporate income tax is exempt for the first two years, and half of the corporate income tax is levied for the third to fifth years. 2010 is the second year of the half-tax period for Guanlan Stationery Factory, and the corporate income tax exemption for this reporting period is 7,463,991.23 Yuan.
The company received a total of 95,546.00 Yuan as export credit insurance premium subsidies allocated by the finance bureau.
According to the "Interim Measures for the Administration of Science and Technology Development Funds of Futian District, Shenzhen (Revised Edition 2009)" (Futian Government Office [2009] No. 48), the company received a total of 677,500 Yuan in science and technology development funds allocated by the General Chamber of Commerce of Futian District.
The company received a total of 300,000 Yuan as subsidies for the construction of overseas marketing networks allocated by the finance bureau.
1. Our subsidiary, Shantou QiXin Stationery Products Co., Ltd., received 100,000 Yuan as special funds for new products in 2009 allocated by the finance bureau.
2. Our subsidiary, QiXin Commercial Equipment (Shenzhen) Co., Ltd., received 113,540.00 Yuan as high-tech enterprise subsidy for the first half of 2009.
3. According to the "Notice on Reporting Applications for the Second Half of 2009 for Export Subsidies for Machinery, Electronics, and High-Tech Products Enterprises", our subsidiary, QiXin Commercial Equipment (Shenzhen) Co., Ltd., received 247,738.00 Yuan as export subsidy for machinery and electronics products and high-tech products.
4. Our subsidiary, QiXin Commercial Equipment (Shenzhen) Co., Ltd., received a total of 90,810.00 Yuan as international market expansion subsidies for small and medium enterprises in 2009.
5. Loan interest subsidies for foreign trade development funds allocated by Shenzhen Finance Bureau
According to the "Interim Measures for the Administration of Economic Development Funds of Futian District, Shenzhen" (Futian Government Office [2009] No. 36) and the "Implementation Rules for Supporting Renovation and Upgrading Projects under the Economic Development Funds of Futian District, Shenzhen" (Futian Government Office [2009] No. 40), the company received an award of 800,000 Yuan allocated by the General Chamber of Commerce of Futian District for the title of "China Famous Trademark".
6. Our subsidiary, Shantou QiXin Stationery Products Co., Ltd., received 40,000 Yuan as rewards for expanding domestic sales in the second quarter of 2009 allocated by the finance bureau.
Other non-operating income and expenses 187,649.88
Income tax effect -60,556.80
Minority shareholders' interests effect -281,008.75
Total 17,972,945.99 -
3.3 Differences between Domestic and Overseas Accounting Standards
Applicable √ Not Applicable
4 Changes in Share Capital and Shareholder Information
4.1 Share Capital Change Table
Unit: Shares
Before this change This change increase/decrease (+/-) After this change
Number Proportion New shares issued Bonus shares Capital reserve conversion Other Subtotal Number Proportion One, Limited Sale Shares 99,573,333 79.96% 0 0 46,666,666 -34,740,000 11,926,666 111,499,999 59.69%1, State-owned shares 47,084 0.04% 0 0 0 -47,084 -47,084 0 0.00%2, State-owned legal person shares 953,851 0.77% 0 0 0 -953,851 -953,851 0 0.00%3, Other domestic shares 86,155,790 69.18% 0 0 40,476,190 -15,131,981 25,344,209 111,499,999 59.69%Among them: Non-state-owned legal person shares within the territory 73,355,790 58.90% 0 0 34,076,190 -15,131,981 18,944,209 92,299,999 49.41%
Domestic natural person shares held 12,800,000 10.28% 0 0 6,400,000 0 6,400,000 19,200,000 10.28%
4 Foreign shares held 12,416,608 9.97% 0 0 6,190,476 -18,607,084 -12,416,608 0 0.00%Among them: Foreign legal person shares held 12,416,608 9.97% 0 0 6,190,476 -18,607,084 -12,416,608 0 0.00%
Foreign natural person shares held 0 0.00% 0 0 0 0 0 0 0.00%
5 Senior management shares 0 0.00% 0 0 0 0 0 0 0.00%Two, Unlimited Sale Shares 24,960,000 20.04% 0 0 15,600,000 34,740,000 50,340,000 75,300,000 40.31%1, Renminbi ordinary shares 24,960,000 20.04% 0 0 15,600,000 34,740,000 50,340,000 75,300,000 40.31%2, Foreign investment shares listed domestically 0 0.00% 0 0 0 0 0 0 0.00%3, Foreign investment shares listed overseas 0 0.00