PDF《WUHAN BOILER CO., LTD.》

WUHAN BOILER CO.

, LTD. '

99 ANNUAL REPORT Important: The Board of Directors of Wuhan Boiler Co., Ltd. (hereinafter referred to as the Company) hereby confirms that there are no important omissions, fictitious statements or serious misleading information carried in this report, and shall take all responsibilities, individual and/or joint, for the reality, accuracy and completion of the whole contents. . About the Company 1. Legal Name of the Company in Chinese: 武汉锅炉股份有限公司 Legal Name of the Company in English: WUHAN BOILER CO., LTD. 2. Legal Representative: Chen Degen 3. Secretary of the Board of Directors: Wang Yi Liaison Address: No. 586, Wu Luo Road, Wuhan City, Hubei Liaison Tel :

027 ― 87883008,

87657002 Fax :

027 ―

87883938 E-mail: wbgchw@public.wh.hb.cn 4. Registered Address: No. 586, Wu Luo Road, Wuhan City, Hubei Office Address: No. 586, Wu Luo Road, Wuhan City, Hubei Post Code:

430070 E-mail of the Company: wbgchw@public.wh.hb.cn 5. Newspapers for disclosing the information: Securities Times, Ta Kung Pao Internet Wet Site for Publishing the Annual Report: http://www.cninfo.com.cn Place Where the Annual Report is Prepared and Placed: Office of the Board of Directors 6. Stock Exchange Listed with: Shenzhen Stock Exchange Short Form of the Stock: WUGUO C B Share Code:

2770 . Financial Highlights 1.Total Profit and Composition

1999 1998 RMB'

000 RMB'

000 Sales 149,038 228,209 Cost of sales (114,720) (166,441) Gross profit 34,318 61,768 Other operating (expenses)/ income (239) 1,390 Selling expenses (4,264) (2,372) Administrative expenses (33,635) (54,104) Operating (loss)/profit (3,820) 6,682 Net finance income 4,573 4,252 Profit before tax

753 10,934 Tax (28) (3,885) Net profit

725 7,049 Earnings per share RMB0.002 RMB0.024 2.Difference of Profit After-tax The impact of IAS and other adjustments on the PRC statutory financial statements are as follows: Net profit Net assets RMB'

000 RMB'

000 As per the PRC statutory statements 2,267 491,725 IAS and other adjustments - Reversal of investment revaluation gain - (2,227) - Reversal of amortisation of pre-operating expenses previous fully written off

563 (1,875) - Provision for bad and doubtful debts (2,105) (89) - Others -

195 As restated after IAS and other adjustments

725 487,729 3.Changes in Shareholders'

Equity in the report year

1999 Reserves Statutory Statutory Share Capital Share surplus public Retained Capital reserve premium reserve fund welfare fund earnings Total (Note18) (Note 19(a)) (Note19(a)) (Note19(b)) (Note19(b)) (Note 19(c)) RMB'

000 RMB'

000 RMB'

000 RMB'

000 RMB'

000 RMB'

000 RMB'

000 Balance at

1 January

1998 - 212,447 - - - 47,234 259,681 Profit distribution 8,910) (8,910) Capitalisation C issue of State shares - (212,447)212,447) Issue of shares - State shares 172,000 89,890 - - - - 261,890 - B shares 125,000 - 74,686 - - - 199,686 Shares issuing expenses - - (19,945)19,945) Net profit 7,049 7,049 Transfer from retained profits to other reserves - - - 4,884 4,884 (9,768) - Balance at

31 December

1998 297,000 89,890 54,741 4,884 4,884 35,605 487,004 Balance at

1 January

1999 297,000 89,890 54,741 4,884 4,884 35,605 487,004 Adjustment arising from restatement of retained earnings of statutory book * - - -

185 185 (370) - Restated balance at

1 January

1999 297,000 89,890 54,741 5,069 5,069 35,235 487,004 Net profit

725 725 Transfer from retained profits to other reserves - - -