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Document No. 3 of the 2006 Annual General Meeting
Regarding the Company’s 2006 Financial Final Accounts
Report on the 2007 Fiscal Budget
Dear Shareholders:
We hereby submit the Company’s 2006 Financial Final Accounts and 2007 Financial Budget to the Board of Directors for your review and approval.
I. 2006 Fiscal Year Financial Settlement
According to the audit conducted by Dalian Hualian Certified Public Accountants LLP, the company’s asset position and the performance of its key financial and economic indicators for the year 2006 are as follows:
(1) Company Asset Status
At the end of 2006, the company’s total assets amounted to RMB 221,254 million, comprising current assets of RMB 96,810 million, fixed assets of RMB 37,007 million, long-term investments of RMB 83,183 million, and intangible and other assets of RMB 4,254 million.
At the end of 2006, the company’s total liabilities amounted to RMB 638.77 million, comprising RMB 567.81 million in current liabilities and RMB 70.96 million in long-term liabilities.
At the end of 2006, shareholders’ equity amounted to RMB 149,616,000, including undistributed profits of RMB 24,934,000.
(II) Status of Achievement of the Company’s Key Financial and Economic Indicators
1. Main business revenue reached RMB 16,020.9 million, up 6.03% year on year.
2. Total profit reached RMB 156.74 million, up 9.38% year on year.
3. Net profit reached RMB 117.3 million, up 16.35% year on year.
II. 2007 Fiscal Budget
The company’s operating plan targets for 2007 are as follows:
Sales revenue: RMB 160,000 million;
Total profit: RMB 166 million.
Please review the above report.
May 22, 2007
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