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: Company’s 2008 Annual Financial Settlement and 2009 Annual Financial Budget Report


Regarding the Company’s 2008 Annual Financial Settlement
Report on the 2009 Fiscal Budget
 
Dear Shareholders:

We now submit the Company’s 2008 Financial Final Accounts and 2009 Financial Budget to the Shareholders’ Meeting for your review and approval.

I. 2008 Fiscal Year Financial Settlement
Audited by Jingzhong Certified Public Accountants LLP, the company’s asset position and the status of its key financial and economic indicators for the year 2008 are as follows:

(1) Company Asset Status
At the end of 2008, the company’s total assets amounted to RMB 271,963 million, comprising RMB 118,359 million in current assets and RMB 153,604 million in non-current assets. Among the non-current assets, fixed assets totaled RMB 38,413 million, long-term equity investments amounted to RMB 101,465 million, available-for-sale financial assets stood at RMB 663 million, construction-in-progress was RMB 478 million, and intangible assets and other assets totaled RMB 12,585 million.
At the end of 2008, the company’s total liabilities amounted to RMB 980.69 million, comprising RMB 903.18 million in current liabilities and RMB 77.51 million in non-current liabilities.
At the end of 2008, total equity amounted to RMB 173,894 million, with equity attributable to the parent company totaling RMB 165,681 million.
 
(II) Status of Achievement of the Company’s Key Financial and Economic Indicators
1. In 2008, operating revenue reached RMB 151,344,000, representing 94.6% of the planned target and a year-on-year decrease of 8.50%.
2. In 2008, total profit reached RMB 136.45 million, representing 101.1% of the annual target and a year-on-year decrease of 9.26%.
3. Net profit attributable to owners of the parent company amounted to RMB 127.36 million, nearly on par with the same period last year.
II. 2009 Fiscal Budget
The company’s 2009 operating plan targets are as follows:
Sales revenue: RMB 135,000 million;
Total profit: RMB 150 million.
The above report is submitted for your review.
 
 
May 20, 2009

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