Iceberg Cold & Heat Technology Co., Ltd.
Iceberg Cold & Heat Technology Co., Ltd.
Iceberg Cold & Heat Technology Co., Ltd.
Iceberg Cold & Heat Technology Co., Ltd.

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Document No. 3: 2009 Annual Financial Settlement and 2010 Annual Financial Budget Report

2009 Document No. 3 for the Annual General Meeting
 
 
Regarding the Company’s 2009 Annual Financial Settlement
Report on the 2010 Fiscal Budget
 
Dear Shareholders :
 
We now submit the Company’s 2009 Financial Final Accounts and 2010 Financial Budget to the Shareholders’ Meeting for your review and approval.
 
I. 2009 Fiscal Year Financial Settlement
Audited by Jingzhong Certified Public Accountants LLP, the company’s asset position and the completion status of its key financial and economic indicators for the year 2009 are as follows:
(1) Company Asset Status
    2009 year At the end of the period, the company’s total assets amounted to RMB 270,629 million, comprising RMB 119,458 million in current assets and RMB 151,171 million in non-current assets. Among non-current assets, fixed assets amount to RMB 366.01 million, long-term equity investments total RMB 1,003.79 million, financial assets available for sale stand at RMB 18.88 million, construction in progress is RMB 7.15 million, and intangible assets and other assets amount to RMB 115.88 million.
    2009 At year-end, the company’s total liabilities amounted to RMB 929.18 million, comprising RMB 854.98 million in current liabilities and RMB 74.20 million in non-current liabilities. 。
    2009 At year-end, total equity amounted to RMB 17,771.1 million, with equity attributable to the parent company totaling RMB 16,896.0 million.

 

(II) Status of Achievement of the Company’s Key Financial and Economic Indicators
1. In 2009, operating revenue reached RMB 13,945.4 million, representing 103.30% of the planned target and a year-on-year decrease of 7.86%.
2. In 2009, total profit reached RMB 96.01 million, representing 64.01% of the annual target and a year-on-year decrease of 29.64%.
3. Net profit attributable to owners of the parent company amounted to RMB 78.63 million, a year-on-year decrease of 38.26%.
The profit indicator declined significantly year on year, primarily due to a decrease in investment income compared with the previous year.
II. 2010 Fiscal Budget
The company’s 2010 operating plan targets are as follows: :
Sales revenue : 142,000 million yuan ;
Total Profit : RMB 118.5 million 。
   
     Please review the above report. 。
 
May 19, 2010

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