上海轮胎橡胶(集团)股份有限公司2006年半年度报告
600623
2006 年中期报告
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目录
一、重要提示 ................................................... 1
二、公司基本情况 ............................................... 1
三、股本变动及股东情况 ......................................... 3
四、董事、监事和高级管理人员 ................................... 6
五、管理层讨论与分析 ........................................... 6
六、重要事项 ................................................... 9
七、财务会计报告 .............................................. 14
八、备查文件目录 .............................................. 76
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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一、重要提示
1、本公司董事会及其董事保证本报告所载资料不存在任何虚假记载、误导性陈述或者重大遗漏，并
对其内容的真实性、准确性和完整性负个别及连带责任。
2、公司独立董事张晖明先生因工作原因未出席董事会，委托独立董事李柏龄先生代为表决。
3、公司中期财务报告未经审计。
4、公司负责人范宪，主管会计工作负责人薛建民及会计机构负责人（会计主管人员）薛建民声明：
保证中期报告中财务报告的真实、完整。
二、公司基本情况
(一)基本情况简介
1、 公司法定中文名称：上海轮胎橡胶（集团）股份有限公司
公司法定中文名称缩写：上轮公司
公司法定英文名称：Shanghai Tyre & Rubber Co., Ltd.
公司法定英文名称缩写：STRC
2、 公司 A 股上市交易所：上海证券交易所
公司 A 股简称：G 轮胎
公司 A 股代码：600623
公司 B 股上市交易所：上海证券交易所
公司 B 股简称：轮胎 B 股
公司 B 股代码：900909
3、 公司注册地址：上海市闵行区江川路 1251 号 605 室
公司办公地址：上海市四川中路 63 号
邮政编码：200002
公司国际互联网网址：http://www.cstarc.com
公司电子信箱：company@cstarc.com
4、 公司法定代表人：范宪
5、 董事会秘书：王玲
电话：021-33024666-6379
传真：021-63390367
E-mail：company@cstarc.com
联系地址：上海市四川中路 63 号
公司证券事务代表：孙文
电话：021-33024666-6378
传真：021-63390367
E-mail：wsun@cstarc.com
联系地址：上海市四川中路 63 号
6、 公司信息披露报纸名称：《上海证券报》、《南华早报》
登载公司中期报告的中国证监会指定国际互联网网址：http://www.sse.com.cn
公司中期报告备置地点：公司董事会秘书室
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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(二)主要财务数据和指标
1、主要会计数据和财务指标
（单位：人民币元）
主要会计数据 本报告期末 上年度期末 本报告期未比上年度期未
增减（%）
流动资产 3,376,238,056.22 2,890,366,075.11 16.81
流动负债 4,269,693,444.92 3,736,384,985.32 14.27
总资产 6,808,565,542.45 6,037,994,548.07 12.76
股东权益（不含少数股东权益） 1,494,976,748.46 1,480,313,237.92 0.99
每股净资产 1.681 1.664 1.02
调整后的每股净资产 1.463 1.455 0.55
报告期（1－6 月） 上年同期 本报告期比上年同期增减
（%）
净利润 58,863,322.42 56,579,921.20 4.04
扣除非经常性损益后的净利润 21,797,696.18 58,999,726.99 -63.05
每股收益 0.066 0.064 3.125
净资产收益率（%） 3.937 3.995 -0.084
经营活动产生的现金流量净额 241,989,261.57 235,244,655.43 2.87
（单位：人民币元）
非经常性损益项目 金额
（一）处置长期股权投资、固定资产、在建工程、无形
资产、其他长期资产产生的损益
46,039,235.79
（二）各种形式的政府补贴 995,000.00
（三）扣除公司日常根据企业会计制度规定计提的资产
减值准备后的其他各项营业外收入、支出
1,833,992.68
（四）以前年度已经计提各项减值准备的转回 210,867.48
（五）所得税影响额 -13,033,798.44
（六）少数股东损益影响额 1,020,328.73
合 计 37,065,626.24
非经常性损益报告期为 3,706.56 万元与去年同期的-241.98 万元相比增加 3,948.54 万元，增加
的比例为 1,631.76%，增加的主要原因为报告期内公司将持有浦发银行 900 万股法人股和持有上海轮
胎橡胶(集团)如皋投资公司 81.83%的股权予以转让，分别获得净收益 4,073.44 万元和 995.39 万
元，因而使本期的非经常性损益较去年同期有较大的增幅。
2、按中国证监会发布的《公开发行证券公司信息披露编报规则》第 9 号的要求计算的净资产收
益率及每股收益
单位:元 币种:人民币
净资产收益率（%） 每股收益
报告期利润
全面摊薄 加权平均 全面摊薄 加权平均
主营业务利润 21.233 21.164 0.359 0.359
营业利润 1.226 1.222 0.021 0.021
净利润 3.937 3.899 0.066 0.066
扣除非经常性损益后的净利润 1.448 1.444 0.025 0.025
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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3、国内外会计准则差异
单位:元 币种:人民币
2006 年中报
除税及少数股东权益后
利润/(亏损）
股东权益
根据中国会计准则 58,863,322.42 1,504,884,142.60
合并附属公司之亏损 273,574.22
少数股东权益承担附属公司高于
资本的亏损之冲回 -107,806.77 -13,076,777.90
. 开办费摊销 -1,083,614.75 -4,361,858.46
根据国际财务报告准则 57,945,475.12 1,487,445,506.24
2006 年中期未经审计的税后利润，A 股为 58,863,322.42 元，B 股为 57,945,475.12 元，两者差
异 917,847.30 元的构成 为 ： 1) 制皂销售等子公司当年盈利冲转累计发生的超额亏损净 额
273,574.22 元，A 股列为冲减未确认的投资损失，B 股按国际会计准则的规定已在历年确认为集团损
失（由大股东承担），故本期转回；2) B 股根据上述调整相应的调整少数股东权益，增加损失
107,806.77 元；3)双钱碧源当年开办费的摊销余额 1,083,614.75 元，B 股列为损失。
2006 年中期未经审计的股东权益，A 股为 1,504,884,142.60 元，B 股为 1,487,445,506.24 元，
两者差异 17,438,636.36 元的构成为：1) 子公司当年发生的由少数股东承担的超额亏损净额
13,076,777.90 元，B 股按国际会计准则的规定调减股东权益；2) 公司历年的开办费摊销余额
4,361,858.46 元，B 股调减股东权益。
三、股本变动及股东情况
(一)股份变动情况表
单位:股
本次变动前 本次变动增减（＋，－） 本次变动后
数量 比例
发行
新股
送股
公积金
转股
其
他
小计 数量 比例
一、有限售条件股份
1、国家持股 605,857,461 68.12 -16,016,000 -16,016,000 589,841,461 66.32
2、国有法人持股 11,910,261 1.34 11,910,261 1.34
3、其他内资持股 5,720,000 0.64 5,720,000 0.64
其中：境内法人持股 5,720,000 0.64 5,720,000 0.64
境内自然人持股
4、外资持股
其中：境外法人持股
境外自然人持股
有 限 售 条 件
股份合计 623,487,722 70.10 -16,016,000 -16,016,000 607,471,722 68.30
二、无限售条件流通股份
1、人民币普通股 22,880,000 2.57 16,016,000 16,016,000 38,896,000 4.37
2、 境内上市的外资股 243,100,000 27.33 243,100,000 27.33
3、境外上市的外资股
4、其他
无限售条件流通股份合计 265,980,000 29.90 16,016,000 16,016,000 281,996,000 31.70
三、股份总数 889,467,722 100.00 889,467,722 100.00
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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股份变动的批准情况
1、详见 3 月 29 日刊登于《上海证券报》、上海证券交易所网站的《上海轮胎橡胶（集团）股份
有限公司关于股权分置改革方案获得上海市国资委批复的公告》。
2、详见 5 月 15 日刊登于《上海证券报》、上海证券交易所网站的《上海轮胎橡胶（集团）股份
有限公司关于股权分置改革方案获商务部批复的公告》。
(二)股东情况
1、股东数量和持股情况
单位：股
报告期末股东总数 50,157
前十名股东持股情况
股东名称
股东
性质
持股比例
(%)
持股总数
报告期内
增减
持有有限售条
件股份数量
质押或冻结
的股份数量
上海华谊（集团）公司 国有股东 66.32 589,841,461 -16,016,000 589,841,461
徐州轮胎集团公司 国有法人股东 1.06 9,410,261 0 9,410,261 冻结 7,410,261
DEBORAH WANG LIN 外资股东 0.31 2,792,000 0 未知
刘春富 外资股东 0.29 2,608,300 45,300 未知
上海市公积金管理中心 国有法人股东 0.28 2,500,000 0 2,500,000
DBS VICKERS （HONG KONG）
LTD A/C CLIENT
外资股东 0.28 2,452,139 1,800,150 未知
NAITO SECURITIES CO., LTD. 外资股东 0.27 2,369,501 -416,899 未知
NOMURA INTERNATIONAL (HONG
KONG) LIMITED-CUSTOMERS'
SEGREGATED ACCOUNT
外资股东 0.26 2,336,100 2,260,000 未知
TOYO SECURITIES ASIA LTD
A/C CLIENT
外资股东 0.24 2,116,880 234,200 未知
SCBSH A/C CREDIT SUISSE
(HONG KONG) LIMITED
外资股东 0.15 1,294,261 1,294,261 未知
前十名无限售条件股东持股情况
股东名称 持有无限售条件股份数量 股份种类
DEBORAH WANG LIN 2,792,000 境内上市外资股
刘春富 2,608,300 境内上市外资股
DBS VICKERS (HONG KONG) LTD A/C CLIENT 2,452,139 境内上市外资股
NAITO SECURITIES CO., LTD. 2,369,501 境内上市外资股
NOMURA INTERNATIONAL (HONG KONG) LIMITEDCUSTOMERS'
SEGREGATED ACCOUNT
2,336,100 境内上市外资股
TOYO SECURITIES ASIA LTD A/C CLIENT 2,116,880 境内上市外资股
SCBSH A/C CREDIT SUISSE (HONG KONG) LIMITED 1,294,261 境内上市外资股
AIZAWA SECURITIES CO., LTD. 958,196 境内上市外资股
HSBC BROKING SECURITIES (ASIA) LIMITED
CLIENTS ACCOUNT
926,638 境内上市外资股
HSBC FUND SERVICES A/C 006-113039-431 780,000 境内上市外资股
上述股东关联关系或一致行动关系的说明
公司未知上述股东之间是否存在关联关系或属于《上
市公司股东持股变动信息披露管理办法》规定的一致
行动人。
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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公司第一、第二和第五大股东三者之间不存在关联关系或一致行动，其中第二大股东徐州轮胎集
团公司持有本公司国有法人股 741.03 万股继续被冻结，冻结期限从 2006 年 5 月 10 日至 2007 年 5 月
9 日（期间为一年）。
前十名有限售条件股东持股数量及限售条件
单位：股
有限售条件股份可上市
序 交易情况
号
有限售条件股东名称
持有的有限
售条件股份
数量 可上市交易
时间
新增可上市交
易股份数量
限售条件
2008 年
5 月 22 日
88,946,772.2
1
上海华谊（集团）公
司
589,841,461
2009 年
5 月 22 日
500,894,688.8
上海华谊（集团）公司承诺：1、持
有的本公司股份自获得上市流通权之
日起，在 24 个月内不通过上海证券
交易所挂牌交易出售股份；2、在上
述承诺期满后的 12 个月内，上海华
谊（集团）公司通过上海证券交易所
挂牌交易出售本公司的股份数不得超
过本公司总股本的 10%，出售价格不
低于 5.0 元/股（若股权分置改革方
案实施后本公司有派息、送股、资本
公积金转增股份等除权事项，则需对
该价格进行除权除息处理）；3、在
36 个月后上海华谊（集团）公司所持
有的本公司股份可全部流通。
2 徐州轮胎集团公司 9,410,261
2007 年
5 月 22 日
9,410,261
自改革方案实施之日起，在 12 个月
内不上市交易或转让。徐州轮胎集团
公司的有限售条件股份在上市流通前
应先征得上海华谊（集团）公司的同
意。
3
上海市公积金管理中
心
2,500,000
2007 年
5 月 22 日
2,500,000
自改革方案实施之日起，在 12 个月
内不上市交易或转让。上海市公积金
管理中心的有限售条件股份在上市流
通前应先征得上海华谊（集团）公司
的同意。
4 上海金通物产公司 286,000
2007 年
5 月 22 日
286,000
自改革方案实施之日起，在 12 个月
内不上市交易或转让。
5 化工技会 286,000
2007 年
5 月 22 日
286,000
自改革方案实施之日起，在 12 个月
内不上市交易或转让。
6
上海国际信托投资有
限公司
286,000
2007 年
5 月 22 日
286,000
自改革方案实施之日起，在 12 个月
内不上市交易或转让。
7 百联集团有限公司 214,500
2007 年
5 月 22 日
214,500
自改革方案实施之日起，在 12 个月
内不上市交易或转让。
8
上海贝泽贸易有限公
司
164,450
2007 年
5 月 22 日
164,450
自改革方案实施之日起，在 12 个月
内不上市交易或转让。
9
上海华申会计师事务
所有限公司
154,669
2007 年
5 月 22 日
154,669
自改革方案实施之日起，在 12 个月
内不上市交易或转让。
10
上海百联集团股份有
限公司
143,000
2007 年
5 月 22 日
143,000
自改革方案实施之日起，在 12 个月
内不上市交易或转让。
2、控股股东及实际控制人变更情况
本报告期内公司控股股东及实际控制人没有发生变更。
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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四、董事、监事和高级管理人员
(一)董事、监事和高级管理人员持股变动
姓名 职务 期初持股数 期末持股数 股份增减数 变动原因
孙昌明 监事 429 729 300 股改时获得的对价。
周立才 副总经理 429 729 300 股改时获得的对价。
(二)新聘或解聘公司董事、监事、高级管理人员的情况
报告期内，公司无新聘、解聘公司董事、监事、高级管理人员的情况。
五、管理层讨论与分析
(一)管理层讨论与分析
公司属化工行业，主营轮胎、制皂、电池、油墨等业务，其中全钢载重子午胎的销售收入和利润
在公司收入和利润构成中占主导地位。报告期内，公司全面落实年初制定的“保名牌拓网络，建设双
钱通路；聚资源扩销售，产销满意提高；上技改增毛利，适应竞争需要；精调度严质量，安全生产确
保；勤预测抓机会，保证供配周到；细测算巧运作，预算执行牢靠；抓科研建基础，创新课题实效；
严管理细考核，激励处罚明晰”经营方针目标，不断深化公司产业结构调整，努力推进公司“精细
化”管理工作，在轮胎内、外销市场竞争日趋激烈，尤其是原材料价格快速持续上涨的严峻形势下，
公司确保了上半年主要经济指标基本完成（部分指标接近完成）预算目标进度。2006 年 1 至 6 月，
公司共生产轮胎 269.31 万套，同比增长 28.8%，其中：全钢胎产量 157.64 万套，同比增长 35.1%；
斜交胎产量 111.67 万套，同比增长 20.9%。报告期内，公司主营业务稳定发展，2006 年 1 至 6 月份
公司共完成主营业务收入 272,548.55 万元，实现主营业务利润 31,952.6 万元。
在扩大生产和销售的同时，公司也面临着来自市场、生产经营方面的严峻挑战。一是市场供过于
求的矛盾在报告期内进一步显现。主要表现为产能集中释放、供过于求的矛盾突现，导致行业库存增
加，特别是全钢子午线轮胎领域的竞争更趋激烈，价格竞争白热化，导致利润下降。二是原材料价格
持续上涨所带来的严峻挑战。随着轮胎工业的迅速发展，轮胎制造企业对相关资源的依赖与需求也越
来越大，报告期内，天然橡胶资源紧张，价格持续上涨，受国际原油价格主导的合成橡胶、炭黑、助
剂等原材料也在高位运行状态，对公司的主营业务盈利能力带来了很大的影响。
为此， 下半年，公司将进一步清晰企业的发展、改革之路，加快产品结构调整，提升科研开发
水平，进一步拓展国内外市场，通过公司在管理、技术、规模和行业地位等方面的优势，不断规避和
抵御各种市场风险。
(二)公司主营业务及其经营状况
1、主营业务分行业、产品情况表
单位:元 币种:人民币
分行业 主营业务收入 主营业务成本
主营业务
利润率
(%)
主营业务
收入比上
年同期增
减（%）
主营业务成
本比上年同
期增减
（%）
主营业务利
润率比上年
同期增减
（%）
工业 3,542,051,185.90 3,259,226,250.85 7.98% -12.32% -10.35% -2.02%
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
7
商业 1,760,322,232.07 1,706,614,990.04 3.05% 590.61% 571.96% 2.69%
房地产 1,770,300.00 887,480.39 49.87% -23.68% -47.61% 22.91%
旅游饮食服务业 1,734,337.50 270,335.08 84.41% 0.60% -15.28% 2.92%
其中：关联交易
总额
4,531,565,006.81 4,445,704,806.46 1.89% 95.94% 95.05% 0.44%
其中：应相互抵
消的关联交易
2,580,392,557.72 2,580,392,557.72 1.94% 1.94%
分产品
主营业务收入 主营业务成本
主营业务
利润率
(%)
主营业务
收入比上
年同期增
减（%）
主营业务成
本比上年同
期增减
（%）
主营业务利
润率比上年
同期增减
（%）
轮 胎 2,273,773,887.16 2,001,212,163.27 11.99% 19.80% 28.20% -5.76%
其中：关联交易 1,951,172,449.09 1,865,312,248.74 4.40% 673.20% 748.34% -8.47%
关联交易的定价原则 关联方交易价格的确定依据为市场价。
其中：报告期内上市公司向控股股东及其子公司销售产品的关联交易总金额为 0 元。
2、主营业务分地区情况
单位:元 币种:人民币
地区 主营业务收入 主营业务收入比上年同期增减（％）
上海地区 2,725,485,497.75 18.09%
其他地区 -- --
合计 2,725,485,497.75 18.09%
3、报告期内无对净利润产生重大影响的其他经营业务。
4、投资收益对公司净利润影响达到 10%以上的参股公司的经营情况及业绩
（单位：万元）
公司名称
业务
性质
注册资本 资产规模 股权% 主营业务收入 主营业务利润 净利润 投资收益
上海新轮联
合发展有限
公司
房产 2,800.00 万美元 40.00 待歇业、解散 见说明
经公司五届八次董事会审议，通过了《关于上海新轮联合发展有限公司清算解散的议案》（上海
新轮联合发展有限公司简称“新轮公司”）。新轮公司成立于 1994 年 10 月，注册资金 2800 万美
元，由上海市外高桥保税区新发展有限公司（简称“新发展公司”）与上轮公司共同投资成立的公
司，主要经营：自建房产业务、基础设施、物业管理和配套服务。其中：上轮公司持股份的 40%；新
发展公司持股份的 60%。
鉴于新发展公司和上轮公司各自调整了对外投资的战略，现双方股东拟按《公司法》和新轮公司
章程的规定执行清算程序、清理新轮公司财产，并办理相关工商注销手续。鉴于清算过程中可能会有
一定的损失，公司从谨慎性原则出发，为此计提了 2,400 余万元的预计损失。
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
8
5、主营业务盈利能力（毛利率）与上年相比发生重大变化的原因说明
本报告期主营业务毛利为 33,887.9 万元与去年同期的 40,701.85 万元相比减少 6,813.95 万元，
减少比例为 16.74%，减少的主要原因为今年 1-6 月公司因材料价格上涨而增加成本 21,800 余万元，
扩产和调价后新增的毛利还不足以抵消材料价格的上涨，与去年同期相比，尽管轮胎的主营业务收入
增长了 37,587.67 万元，但成本却增加了 44,017.86 万元，所以轮胎的毛利额也由去年的 33,686.36
万元下降到 27,256.17 万元，从而导致主营业务盈利能力有较大幅度的下降，轮胎的毛利率也由去年
同期的 17.75%下降到 11.99%。
6、利润构成与上年度相比发生重大变化的原因分析
（单位：人民币元）
本报告期 上年同期
项目
金额 占利润总额% 金额 占利润总额%
增减比例（%）
主营业务利润 319,525,961.67 614.54% 369,043,183.25 871.91% -13.42%
其它业务利润 46,335,332.69 89.12% 39,091,519.59 92.36% 18.53%
期间费用 347,411,188.33 668.17% 339,844,677.76 802.93% 2.23%
投资收益 27,150,091.06 52.22% -23,508,679.39 -55.54% 215.49%
补贴收入 995,000.00 1.91% 1,189,192.00 2.81% 16.33%
营业外收支净额 5,399,197.66 10.38% -3,644,760.69 -8.61% 248.14%
利润总额 51,994,397.75 100.00% 42,325,777.00 100.00% 22.84%
⑴ 本报告期利润总额比去年同期增加 966.86 万元，增加比例为 22.84 %。
⑵ 利润构成与去年同期相比发生较大变化的原因主要为：
a、主营业务利润较去年同期相比减少 4,951.72 万元，减少比例为 13.42%，减少的主要原因为
今年 1-6 月公司因材料价格上涨而增加成本 21,800 余万元，扩产后新增的毛利还不足以抵消材料价
格的上涨，使主营业务利润较去年同期有较大幅度的下降。
b 、其他业务利润较去年同期相比增加 724.38 万元，增加的比例为 18.53%，增加的主要原因为
向米其林公司提供的服务收入较去年同期增加 570 万元。
c 、投资收益与去年同期相比增加 5,065.88 万元，增加的比例为 215.49%，增加的主要原因为
报告期内公司将持有浦发银行 900 万股法人股和持有上海轮胎橡胶(集团)如皋投资公司 81.83%的股
权予以转让，分别获得净收益 4,073.44 万元和 995.39 万元，加上报告期内米其林公司比去年同期有
所减亏，因而使公司的投资收益较去年同期有较大的增幅。
d、 营业外收支净额与去年同期相比增加 904.4 万元，增加的比例为 248.14%，增加的主要原因
为去年同期承担为中国神马集团担保而引起的担保损失 332.19 万和本期母、子公司处置固定资产、
无形资产获得净收益及其他大于去年同期所致。
(三)公司投资情况
1、募集资金使用情况
报告期内，公司无募集资金或前期募集资金使用到本期的情况。
2、非募集资金项目情况
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
9
⑴上海轮胎橡胶（集团）如皋有限公司新增 50 万条全钢载重子午线轮胎项目（即 30 万套+20 万
套）投资预算总额 29,972.88 万元，截止 2006 年 6 月 30 日，累计投入资金约 27,591 万元，完成项
目进度的 92%。
⑵上海轮胎橡胶（集团）如皋有限公司新增 10 万套全钢工程子午线轮胎和炼胶车间扩建技改项
目总投资概算为 55,282 万元，截止 2006 年 6 月 30 日，累计投入资金约 36,315 万元，完成项目进度
的 65.7%。
⑶填平补齐增产 20 万套子午胎项目投资总额为 13,260 万元，其中外汇 259.2 万元，截止 2006
年 6 月 30 日，累计投入资金 7,473 万元，完成项目进度的 73%。
⑷双钱载重轮胎公司增加 25 万条全钢子午胎项目总投资概算为 8,985.44 万元，截止 2006 年 6
月 30 日，累计投入资金 6,173 万元，完成项目进度的 68.7%。
(四)公司财务状况、经营成果分析
完成经营计划情况
公司计划 2006 年销售收入比 2005 年增加 10%以上，实现 55.85 亿元。报告期实际完成销售收入
272,548.55 万元，同比增长 18.09%，完成计划目标。
六、重要事项
（一）公司治理情况
报告期内，公司实施了股权分置改革，全体 A 股股东以 99.97%的赞成比例，其中流通 A 股股东
以 94.81%的赞成比例通过了股改。报告期内，公司根据最新修订的《公司法》、《证券法》、《上
市公司章程指引》、《上市公司股东大会指引》等法律法规的规定和结合公司治理实践，全面修订了
公司《章程》、《股东大会议事规则》、《董事会议事规则》、《监事会议事规则》，并严格按照上
述法律法规和规章的规定依法规范运作，目前，公司的治理情况符合中国证监会的有关要求。
（二）报告期实施的利润分配方案执行情况
公司 2005 年度的利润分配方案为：按 2005 年末的总股本 889467722 股为基数，向全体股东每
10 股派 0.5 元现金红利（含税）。
此方案经 2006 年 4 月 28 日召开的公司 2005 年度股东大会审议通过，分红派息实施公告刊登在
2006 年 5 月 30 日的《上海证券报》、《南华早报》和上海证券交易所网站（www.sse.com.cn）。股
权登记日：A 股为 2006 年 6 月 2 日；B 股为 2006 年 6 月 7 日（最后交易日为 2006 年 6 月 2 日）。除
息日为 2006 年 6 月 5 日。红利发放日为 2006 年 6 月 16 日。
公司 2006 年中期不进行利润分配，也不进行公积金转增股本。
（三）重大诉讼仲裁事项
截止 2006 年 06 月 30 日前已决诉讼情况说明
1、上海轮胎橡胶（集团）供销有限公司诉新疆维吾尔族自治区第九运输公司一案，已于 2006 年
4 月 11 日判决，判决被告给付原告 656.28 万元，目前该案尚在执行中。
2、上海轮胎橡胶（集团）供销有限公司诉广东电白县沪贸轮胎有限公司一案，已于 2006 年 5 月
20 日判决，判决被告给付原告 109.51 万元，目前该案尚在执行中。
3、上海轮胎橡胶（集团）供销有限公司诉南宁地区双钱轮胎有限责任公司一案，已于 2006 年 3
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
10
月 1 日判决，判决被告给付原告 245.67 万元，目前该案尚在执行中。
4、上海轮胎橡胶（集团）供销有限公司诉青岛上青橡胶轮胎经营有限公司一案，已于 2006 年 2
月 21 日判决，判决被告给付原告 492.96 万元，目前该案尚在执行中。
5、上海轮胎橡胶（集团）供销有限公司诉商丘市回力双钱轮胎销售有限公司一案，已于 2005 年
1 月 11 日异地起诉，诉讼标的 242.88 万元。由于起诉阶段该被告已吊销，经考虑暂予以撤诉，待核
实其财产证据后，另行起诉。
6、上海轮胎橡胶（集团）供销有限公司诉余姚市东江工贸有限公司一案，已于 2005 年 1 月 26
日异地起诉，诉讼标的 440.41 万元。由于起诉阶段该被告已吊销，经考虑暂予以撤诉，待核实其财
产证据后，另行起诉。
（四）资产交易事项
1、报告期内，公司将持有的下属子公司上海轮胎橡胶（集团）如皋投资有限公司 81.83%的股
权，以评估值 7729.88 万元为基准，以 8100 万元转让给自然人曹波，产权已全部过户、所涉及的债
权债务已全部转移，股权转让收益 995.39 万元。对公司业务连续性和管理层的稳定性没有影响，有
利于公司集中优势力量做好主营业务项目。临时公告披露于 2006 年 6 月 8 日的《上海证券报》、
《南华早报》和上海证券交易所网站。
2、报告期内，公司根据上海国际集团有限公司收购本公司持有的上海浦东银行社会法人股拟定
的意向书，公司将持有的上海浦东发展银行股份有限公司社会法人股 900 万股，以每股 5.20 元的价
格转让给上海国际集团有限公司，公司获得转让收入 4680 万元，扣除账面成本和相关税费，净收益
为 4,073.44 万元。临时公告披露于 2006 年 1 月 21 日的《上海证券报》、《南华早报》和上海证券
交易所网站。
(五)报告期内公司重大关联交易事项
1、与日常经营相关的关联交易
⑴存在控制关系且已纳入本公司合并会计报表范围的子公司，其相互间交易及母子公司交易已作
抵销。
⑵关联交易货物金额：
交易规模：
单位:万元 币种:人民币
关联方 向关联方采购货物 关联方向上市公司采购货物
上海米其林回力轮胎股份有限公司 3,060.00
上海焦化有限公司 2,958.93
上海制皂（集团）如皋有限公司 6,384.64 1,295.75
中国北美轮泰销售公司 USD5,609.32
上海双钱轮胎销售有限公司 154,656.27
美元小计 USD5,609.32
人民币小计 9,343.57 159,012.02
合计 9,343.57 193,997.26
关联交易价格的确定依据为市场价。
⑶其他关联方交易事项：
根据与上海米其林回力轮胎股份有限公司的协议向其提供、收取商标使用费 5,000,000.00 元、
服务收入 24,700,000.00 元、租赁费 900,000.00 元。
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
11
2、关联债权债务往来
关 联 方 往 来 款 项 余 额 ：
单位:万元 币种:人民币
向关联方提供资金 关联方向上市公司提供资金
关联方
发生额 余额 发生额 余额
中国北美轮胎销售公司 6,602.91 34,885.35
上海制皂（集团）如皋有限公司 -3,710.73 1,571.83 2,684.73 2,742.98
上海龙泰精细橡胶公司 -69.51 4,900.47
上海轮胎橡胶机械模具有限公司 237.18 1,989.17
上海正兴房产有限公司 -11.28 6,276.73
上海总联橡胶实业公司 1,432.56
上海焦化有限公司 2,789.12 3,461.95
海口孚华轮胎销售有限公司 324.14
上海沪轮轮胎橡胶有限公司 -316.07 697.28
上海华谊（集团）公司 9,386.35
合计 3,048.57 51,056.11 5,157.78 16,612.70
(六)托管情况
本报告期公司无托管事项。
(七)承包情况
本报告期公司无承包事项。
(八)租赁情况
本报告期公司无重大租赁事项。
(九)担保情况
单位:元 币种:人民币
公司对外担保情况（不包括对控股子公司的担保）
被担保对象名
称
发生日期（协
议签署日）
担保金额(折算
后) 担保类型 担保期 是否履
行完毕
是否为关联
方担保
（是或否）
上海远银进出
口有限公司
2005.9.24 2,700,000.00
承担连带责
任的担保
2005.9.24-2006.3.24 否 否
报告期内担保发生额合计
报告期末担保余额合计 2,700,000.00
公司对控股子公司的担保情况
报告期内对控股子公司担保发生额合计 17,189,200.00
报告期末对控股子公司担保余额合计 627,581,000.00
公司担保总额情况（包括对控股子公司的担保）
担保总额 630,281,000.00
担保总额占公司净资产的比例 42.58%
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
12
公司特殊担保情况
为控股股东及公司持股 50％以下的其他关联方提供担保的金额
直接或间接为资产负债率超过 70％的被担保对象提供的债务担
保金额
24,201,000.00
担保总额是否超过净资产的 50％（是或否） 否
特殊担保金额 24,201,000.00
根据上海证券交易所上市部对上市公司对外担保的统计口径，截至 2006 年 6 月 30 日，公司对外
担保余额为 2,700,000.00 元（不包括对控股子公司的担保）；公司对控股子公司的担保余额为
627,581,000.00 元，担保总额 630,281,000.00 元，占公司净资产比例为 42.58%。
(十)委托理财情况
本报告期公司无委托理财事项。
(十一)承诺事项履行情况
报告期内或持续到报告期内，公司或持股 5%以上股东没有承诺事项。
原非流通股东在股权分置改革过程中做出的特殊承诺及其履行情况
股东名称 特殊承诺 承诺履行情况
上海华谊
（集团）
公司
上海华谊（集团）公司承诺：1、持有的本公司股份
自获得上市流通权之日起，在 24 个月内不通过上海
证券交易所挂牌交易出售股份；2、在上述承诺期满
后的 12 个月内，上海华谊（集团）公司通过上海证
券交易所挂牌交易出售本公司的股份数不得超过本
公司总股本的 10%，出售价格不低于 5.0 元/股（若
股权分置改革方案实施后本公司有派息、送股、资
本公积金转增股份等除权事项，则需对该价格进行
除权除息处理）；3、在 36 个月后上海华谊（集
团）公司所持有的本公司股份可全部流通。
根据特别承诺的相关内容，自股
权分置改革方案实施之日起至本
报告披露日，上海华谊（集团）
公司未出售或转让其所持有的公
司股份。
(十二)公司、董事会、董事受处罚及整改情况
报告期内公司、公司董事会及董事均未受中国证监会的稽查、行政处罚、通报批评及证券交易所
的公开遣责。
(十三)其它重大事项
1、报告期，公司根据国家有关股权分置改革的相关政策，实施了股权分置改革，即 A 股流通股
股东每持有 10 股流通 A 股获得上海华谊（集团）公司支付的 7 股股票的对价。股权分置改革完成
后，国家股比例降低，社会公众股股东持股比例上升，但公司总股本未发生变化。
2、2006 年 3 月 21 日，财政部、国家税务总局联合发出通知，对我国现行消费税的税目、税率
进行调整。其中斜交轮胎的税率从原来的 10%降到了 3%，子午线轮胎继续实行免税政策，本次调整从
4 月 1 日起开始执行。税率调整后，报告期内影响消费税额 1,484.38 万元，预计全年影响消费税额
约 4,935 万元。
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
13
3、报告期内，根据《中华人民共和国城市房地产管理法》等法律、法规、规章的规定，经上海
市土地使用权出让招标拍卖办公室批准，上海市杨浦区房屋土地管理局于 2005 年通过公开挂牌方
式，出让江浦街道 26 街坊 3/2 丘地块的国有土地使用权。经公司董事会授权，公司所属子公司上海
双钱碧源置业有限公司竞买上述地块。上海双钱碧源置业有限公司以成交价 21490 万元人民币竞得上
述地块，并与上海市杨浦区房屋土地管理局签署《国有土地使用权出让合同》并按合同规定于 2006
年 7 月 14 日向上海市房屋土地资源管理局付清上述土地出让金，现正在办理土地使用权登记及领取
房地产权证。
(十四)信息披露索引
事项 刊载的报刊名称
及版面
刊载日期 刊载的互联网网
站及检索路径
公司第五届董事会第五次会议决议公告 《上海证券报》C7 版
《南华早报》B4 版
2006 年 1 月 21日 www.sse.com.cn
公司股权分置改革说明书（摘要） 《上海证券报》C20 版 2006年3月6日 www.sse.com.cn
公司第五届董事会第七次会议决议公告 《上海证券报》C20 版 2006年3月6日 www.sse.com.cn
公司关于召开 2006 年股权分置改革 A 股相关股东
会议的通知
《上海证券报》C20 版 2006年3月6日 www.sse.com.cn
公司关于股权分置改革方案沟通协商情况暨调整
股权分置改革方案的公告
《上海证券报》A15 版 2006 年 3 月 15日 www.sse.com.cn
公司 2005 年度报告（摘要） 《上海证券报》C11 版
《南华早报》B4 版
2006 年 3 月 21日 www.sse.com.cn
公司第五届董事会第八次会议决议公告 《上海证券报》C11 版
《南华早报》B4 版
2006 年 3 月 21日 www.sse.com.cn
公司第五届监事会第四次会议决议公告 《上海证券报》C11 版
《南华早报》B4
2006 年 3 月 21日 www.sse.com.cn
公司关于召开 2005 年度股东大会的通知 《上海证券报》C11 版
《南华早报》B4 版
2006 年 3 月 21日 www.sse.com.cn
公司关于召开 2006 年股权分置改革 A 股相关股东
会议的第一次提示公告
《上海证券报》C23 版 2006 年 3 月 22日 www.sse.com.cn
公司关于股权分置改革方案获得上海市国资委批
复的公告
《上海证券报》C74 版 2006 年 3 月 29日 www.sse.com.cn
公司关于召开 2006 年股权分置改革 A 股相关股东
会议的第二次提示公告
《上海证券报》C17 版 2006年4月3日 www.sse.com.cn
公司关于取消 2005 年度股东大会部分议案暨增加
2005 年度股东大会临时提案的通知
《上海证券报》C37 版
《南华早报》B17 版
2006年4月7日 www.sse.com.cn
公司 2006 年股权分置改革 A 股相关股东会议表决
结果公告
《上海证券报》C31 版 2006 年 4 月 11日 www.sse.com.cn
公司关于增加 2005 年度股东大会临时提案的通知 《上海证券报》C5 版
《香港商报》A5 版
2006 年 4 月 15日 www.sse.com.cn
公司 2006 年日常关联交易公告 《上海证券报》C5 版
《香港商报》A5 版
2006 年 4 月 15日 www.sse.com.cn
公司 2006 年第一季度报告 《上海证券报》C71 版 2006 年 4 月 20日 www.sse.com.cn
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
14
《南华早报》B13 版
公司 2005 年度股东大会决议公告 《上海证券报》B19 版
《南华早报》B6 版
2006年5月9日 www.sse.com.cn
公司关于股权分置改革方案获商务部批复的公告 《上海证券报》B27 版 2006 年 5 月 15日 www.sse.com.cn
公司股权分置改革方案实施公告 《上海证券报》B20 版 2006 年 5 月 17日 www.sse.com.cn
公司 2005 年度分红派息实施公告 《上海证券报》B43 版
《南华早报》B6 版
2006 年 5 月 30日 www.sse.com.cn
公司第五届董事会第十一次会议决议公告 《上海证券报》B14 版
《南华早报》B3 版
2006年6月8日 www.sse.com.cn
七、财务会计报告
（一）、审计报告
本报告期的财务报表及附注未经审计。
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
15
（二）财务报表
2006 年 6 月 30 日资产负债表（未经审计）
编制单位：上海轮胎橡胶（集团）股份有限公司 单位：人民币元
合并 母公司
项目 期未数 期初数 期未数 期初数
流动资产：
货币资金 704,231,348.00 522,607,486.33 470,768,238.55 218,042,662.26
短期投资 0.00 --- --- ---
应收票据 104,156,965.16 170,106,368.34 165,619,130.47 275,707,885.56
应收股利 0.00 11,148,464.92 --- 11,138,023.57
应收利息 0.00 --- --- ---
应收账款 637,221,402.05 633,870,488.14 547,377,041.27 439,892,402.29
其他应收款 425,198,839.15 482,153,738.31 720,019,823.23 612,732,466.02
预付账款 268,041,547.37 102,719,393.27 82,453,489.97 65,250,892.10
应收补贴款 508,090.19 508,090.19 --- ---
存货 1,232,318,047.86 967,214,894.61 830,447,440.54 628,324,963.44
待摊费用 4,561,816.44 37,151.00 262,321.60
一年内到期的长期债权投
资
其他流动资产
流动资产合计 3,376,238,056.22 2,890,366,075.11 2,816,947,485.63 2,251,089,295.24
长期投资：
长期股权投资 472,827,419.33 483,200,328.36 746,889,896.39 849,216,209.09
长期债权投资 0.00
长期投资合计 472,827,419.33 483,200,328.36 746,889,896.39 849,216,209.09
其中：合并价差 26,669,106.99 28,931,151.61
其中：股权投资差额
固定资产：
固定资产原价 4,094,180,961.01 4,103,246,846.31 2,718,097,837.54 2,717,297,046.96
减：累计折旧 1,819,476,822.29 1,743,423,158.66 1,348,760,488.31 1,292,144,720.88
固定资产净值 2,274,704,138.72 2,359,823,687.65 1,369,337,349.23 1,425,152,326.08
减：固定资产减值准备 186,915,046.03 187,137,134.87 108,201,696.29 108,201,696.29
固定资产净额 2,087,789,092.69 2,172,686,552.78 1,261,135,652.94 1,316,950,629.79
工程物资 798,319.52 519,984.52 482,014.57 192,699.57
在建工程 574,817,013.32 356,921,109.21 83,851,972.21 35,453,102.14
固定资产清理 -164,425.98 --- --- ---
固定资产合计 2,663,239,999.55 2,530,127,646.51 1,345,469,639.72 1,352,596,431.50
无形资产及其他资产：
无形资产 274,983,399.84 114,520,877.87 42,472,646.33 42,772,888.61
长期待摊费用 5,758,278.63 5,021,251.18 --- ---
其他长期资产 15,518,388.88 14,758,369.04 786,585.58 ---
无形资产及其他资产合计 296,260,067.35 134,300,498.09 43,259,231.91 42,772,888.61
递延税项：
递延税款借项
资产总计 6,808,565,542.45 6,037,994,548.07 4,952,566,253.65 4,495,674,824.44
企业负责人：范宪 主管会计工作负责人：薛建民 会计机构负责人：薛建民
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
16
2006 年 6 月 30 日资产负债表（续）
编制单位：上海轮胎橡胶（集团）股份有限公司 单位：人民币元
合并 母公司
项目
期未数 期初数 期未数 期初数
流动负债：
短期借款 1,812,652,904.96 1,578,179,701.14 1,451,399,104.96 1,145,474,560.82
应付票据 215,222,859.08 109,834,360.04 269,677,603.97 124,648,466.19
应付账款 625,135,437.62 633,077,304.38 268,544,336.85 277,703,659.90
预收账款 287,248,797.65 103,280,040.82 7,379,957.12 3,227,065.97
应付工资 2,759,803.23 699,128.49 --- ---
应付福利费 7,882,723.09 6,271,644.22 --- ---
应付股利 849,817.74 219,375.00 849,817.74 219,375.00
应交税金 127,802,368.91 165,495,423.82 40,125,344.93 72,231,423.62
其他应交款 2,810,418.85 3,152,107.72 8,667.77 54,470.01
其他应付款 404,299,500.47 361,232,145.03 236,912,977.47 218,583,475.45
预提费用 31,317,767.78 3,852,025.56 4,819,760.27 3,730,505.56
预计负债
一年内到期的长期负债 751,711,045.54 771,091,729.10 693,338,830.71 694,589,300.52
其他流动负债 0.00 --- --- ---
流动负债合计 4,269,693,444.92 3,736,384,985.32 2,973,056,401.79 2,540,462,303.04
长期负债：
长期借款 725,604,367.74 561,583,915.09 252,491,355.09 252,491,355.09
应付债券 0.00 --- --- ---
长期应付款 93,863,544.23 93,863,544.23 6,079,172.60 6,079,172.60
专项应付款 1,470,000.00 1,470,000.00 --- ---
其他长期负债 0.00 --- --- ---
长期负债合计 820,937,911.97 656,917,459.32 258,570,527.69 258,570,527.69
递延税项：
递延税款贷项
负债合计 5,090,631,356.89 4,393,302,444.64 3,231,626,929.48 2,799,032,830.73
少数股东权益 222,957,437.10 164,378,865.51
所有者权益（或股东权
益）：
实收资本（或股本） 889,467,722.00 889,467,722.00 889,467,722.00 889,467,722.00
减：已归还投资
实收资本（或股本）净额 889,467,722.00 889,467,722.00 889,467,722.00 889,467,722.00
资本公积 584,257,066.75 584,257,066.75 685,371,489.00 675,464,094.86
盈余公积 40,787,870.44 40,787,870.44 16,285,585.47 16,285,585.47
其中：法定公益金 13,026,472.99 13,026,472.99 3,460,630.87 3,460,630.87
未分配利润 101,802,645.35 87,412,709.03 129,814,527.70 115,424,591.38
拟分配现金股利
外币报表折算差额
减：未确认投资损失 121,338,556.08 121,612,130.30
所有者权益（或股东权
益）合计
1,494,976,748.46 1,480,313,237.92 1,720,939,324.17 1,696,641,993.71
负债和所有者权益（或股
东权益）总计
6,808,565,542.45 6,037,994,548.07 4,952,566,253.65 4,495,674,824.44
企业负责人：范宪 主管会计工作负责人：薛建民 会计机构负责人：薛建民
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
17
2006 年 1~6 月利润及利润分配表
编制单位：上海轮胎橡胶（集团）股份有限公司 单位：人民币元
合并 母公司
项目
本期数 上年同期数 本期数 上年同期数
一、主营业务收入 2,725,485,497.75 2,308,031,348.13 2,236,278,733.86 1,667,310,082.80
减：主营业务成本 2,386,606,498.64 1,901,012,876.74 2,077,420,193.75 1,443,121,165.49
主营业务税金及附加 19,353,037.44 37,975,288.14 13,705,525.76 28,229,074.10
二、主营业务利润（亏损以
“-”号填列）
319,525,961.67 369,043,183.25 145,153,014.35 195,959,843.21
加：其他业务利润（亏损以
“-”号填列）
46,335,332.69 39,091,519.59 37,881,478.04 29,364,312.32
减: 营业费用 130,455,633.02 122,479,285.32 33,825,982.39 36,758,592.61
管理费用 152,302,607.68 157,911,006.04 63,351,388.41 38,457,158.53
财务费用 64,652,947.63 59,454,386.40 48,012,994.88 48,661,016.06
三、营业利润（亏损以“-”
号填列）
18,450,106.03 68,290,025.08 37,844,126.71 101,447,388.33
加：投资收益（损失以“-”
号填列）
27,150,091.06 -23,508,679.39 19,073,563.77 -41,529,913.96
补贴收入 995,000.00 1,189,192.00 --- ---
营业外收入 7,365,796.69 155,980.86 1,959,747.82 4,358.48
减：营业外支出 1,966,599.03 3,800,741.55 14,115.88 3,341,911.65
四、利润总额（亏损总额以
“-”号填列）
51,994,394.75 42,325,777.00 58,863,322.42 56,579,921.20
减：所得税 2,445,762.90 2,481,504.70
减：少数股东损益 -9,588,264.79 -17,006,388.08
加：未确认投资损失(合并报
表填列)
-273,574.22 -270,739.18
五、净利润（亏损以“-”号
填列）
58,863,322.42 56,579,921.20 58,863,322.42 56,579,921.20
加：年初未分配利润 87,412,709.03 -823,747,252.90 115,424,591.38 -796,719,024.13
其他转入 796,719,024.13 796,719,024.13
六、可供分配的利润 146,276,031.45 29,551,692.43 174,287,913.80 56,579,921.20
减：提取法定盈余公积
提取法定公益金
提取职工奖励及福利基金(合
并报表填列)
提取储备基金
提取企业发展基金
利润归还投资
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
18
七、可供股东分配的利润 146,276,031.45 29,551,692.43 174,287,913.80 56,579,921.20
减：应付优先股股利
提取任意盈余公积
应付普通股股利 44,473,386.10 44,473,386.10
转作股本的普通股股利
八、未分配利润(未弥补亏损
以“-”号填列)
101,802,645.35 29,551,692.43 129,814,527.70 56,579,921.20
补充资料：
1.出售、处置部门或被投资
单位所得收益
9,953,882.97 -1,251,710.43 9,953,882.97 -4,357,586.80
2.自然灾害发生的损失
3.会计政策变更增加(或减少)利
润总额
4.会计估计变更增加(或减少)利
润总额
5.债务重组损失
6.其他
企业负责人：范宪 主管会计工作负责人：薛建民 会计机构负责人：薛建民
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
19
2006 年 1~6 月现金流量表
编制单位：上海轮胎橡胶（集团）股份有限公司 单位：人民币元
项目 合并 母公司
一、经营活动产生的现金流量：
销售商品、提供劳务收到的现金 3,410,189,648.43 2,790,305,484.12
收到的税费返还 9,485,937.83 2,481,028.28
收到的其他与经营活动有关的现金 436,982,187.55 353,750,210.73
现金流入小计 3,856,657,773.81 3,146,536,723.13
购买商品、接受劳务支付的现金 2,899,699,728.04 2,445,055,153.34
支付给职工以及为职工支付的现金 200,729,099.02 128,525,978.27
支付的各项税费 115,166,222.59 75,325,499.10
支付的其他与经营活动有关的现金 399,073,462.59 481,463,409.35
现金流出小计 3,614,668,512.24 3,130,370,040.06
经营活动产生的现金流量净额 241,989,261.57 16,166,683.07
二、投资活动产生的现金流量：
收回投资所收到的现金 47,186,650.16 46,885,601.38
其中：出售子公司收到的现金
取得投资收益所收到的现金 14,862,181.95 14,338,735.22
处置固定资产、无形资产和其他长期资产而收回的现金 1,973,213.20 ---
收到的其他与投资活动有关的现金 --- ---
现金流入小计 64,022,045.31 61,224,336.60
购建固定资产、无形资产和其他长期资产所支付的现金 405,023,372.01 39,665,914.26
投资所支付的现金 500,000.00 500,000.00
支付的其他与投资活动有关的现金 27,861,127.44 ---
现金流出小计 433,384,499.45 40,165,914.26
投资活动产生的现金流量净额 -369,362,454.14 21,058,422.34
三、筹资活动产生的现金流量：
吸收投资所收到的现金 12,614,927.90 ---
其中：子公司吸收少数股东权益性投资收到的现金 12,614,927.90
借款所收到的现金 1,890,919,446.19 1,438,919,446.19
收到的其他与筹资活动有关的现金 --- ---
现金流入小计 1,903,534,374.09 1,438,919,446.19
偿还债务所支付的现金 1,492,044,661.30 1,132,772,661.30
分配股利、利润或偿付利息所支付的现金 101,465,772.36 90,000,897.69
其中：支付少数股东的股利
支付的其他与筹资活动有关的现金 --- ---
其中：子公司依法减资支付给少数股东的现金
现金流出小计 1,593,510,433.66 1,222,773,558.99
筹资活动产生的现金流量净额 310,023,940.43 216,145,887.20
四、汇率变动对现金的影响 -1,026,886.19 -645,416.32
五、现金及现金等价物净增加额 181,623,861.67 252,725,576.29
企业负责人：范宪 主管会计工作负责人：薛建民 会计机构负责人：薛建民
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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2005 年 1~6 月现金流量表（续）
编制单位：上海轮胎橡胶（集团）股份有限公司 单位：人民币元
补 充 资 料 合并 母公司
1、将净利润调节为经营活动的现金流量:
净利润 58,863,322.42 58,863,322.42
加：少数股东损益(亏损以“-”号填列) -9,588,264.79 ---
减：未确认的投资损失 273,574.22 ---
加：计提的资产减值准备 807,890.63 -4,265,753.11
固定资产折旧 87,454,127.62 57,279,955.41
无形资产摊销 2,688,978.03 300,242.28
长期待摊费用摊销 737,027.45 ---
待摊费用减少（减：增加） -4,524,665.44 -262,321.60
预提费用增加（减：减少） 27,465,742.22 1,089,254.71
处理固定资产、无形资产和其他长期资产的损失(减:收
益)
1,548,246.56 -45,884.12
固定资产报废损失 3,257.13 ---
财务费用 62,472,115.72 47,674,133.31
投资损失（减：收益） -27,150,091.06 -19,073,563.77
递延税款贷项（减：借项） --- ---
存货的减少（减：增加） -264,611,639.69 -202,122,477.10
经营性应收项目的减少(减：增加) -26,113,493.29 -69,289,921.83
经营性应付项目的增加(减：减少) 332,210,282.28 146,019,696.47
其他 --- ---
经营活动产生的现金流量净额 241,989,261.57 16,166,683.07
2．不涉及现金收支的投资和筹资活动：
债务转为资本
一年内到期的可转换公司债券
融资租入固定资产
3、现金及现金等价物净增加情况：
现金的期末余额 704,231,348.00 470,768,238.55
减：现金的期初余额 522,607,486.33 218,042,662.26
加：现金等价物的期末余额 --- ---
减：现金等价物的期初余额 --- ---
现金及现金等价物净增加额 181,623,861.67 252,725,576.29
企业负责人：范宪 主管会计工作负责人：薛建民 会计机构负责人：薛建民
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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资产减值表(合并)
2006 年 6 月 30 日
编制单位：上海轮胎橡胶（集团）股份有限公司 单位：人民币元
项目 期初余额
本期
增加数
本期
减少数
期末余额
坏账准备合计
428,716,458.93 8,958,159.09 7,760,476.22 429,914,141.80
其中：应收账款
302,259,707.74 8,958,159.09 7,334,826.08 303,883,040.75
其他应收款
126,456,751.19 425,650.14 126,031,101.05
短期投资跌价准备合计
--- --- --- ---
其中：股票投资
债券投资
存货跌价准备合计
15,950,292.26 --- 491,513.56 15,458,778.70
其中：库存商品
3,566,688.25 491,513.56 3,075,174.69
原材料
2,264,080.93 2,264,080.93
长期投资减值准备合计
28,760,891.52 --- 389,792.24 28,371,099.28
其中：长期股权投资
28,760,891.52 389,792.24 28,371,099.28
长期债权投资
固定资产减值准备合计
187,137,134.87 --- 222,088.84 186,915,046.03
其中：房屋、建筑物
53,614,789.78 - - 53,614,789.78
机器设备
119,048,784.50 0.00 222,088.84 118,826,695.66
无形资产减值准备
--- --- --- ---
其中：专利权
商标权
在建工程减值准备
873,470.99 --- --- 873,470.99
委托贷款减值准备
--- --- --- ---
资产减值合计
661,438,248.57 8,958,159.09 8,863,870.86 661,532,536.80
企业负责人：范宪 主管会计工作负责人：薛建民 会计机构负责人：薛建民
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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资产减值表(母公司)
2006 年 6 月 30 日
编制单位：上海轮胎橡胶（集团）股份有限公司 单位：人民币元
项目 期初余额
本期
增加数
本期
减少数
期末余额
坏账准备合计
314,053,038.71 --- 4,248,791.73 309,804,246.98
其中：应收账款
294,591,364.98 4,248,791.73 290,342,573.25
其他应收款
19,461,673.73 19,461,673.73
短期投资跌价准备合计
--- --- --- ---
其中：股票投资
债券投资
存货跌价准备合计
1,877,588.83 --- --- 1,877,588.83
其中：库存商品
原材料
1,877,588.83 1,877,588.83
长期投资减值准备合计
12,483,305.46 --- 16,961.38 12,466,344.08
其中：长期股权投资
12,483,305.46 16,961.38 12,466,344.08
长期债权投资
固定资产减值准备合计
108,201,696.29 --- --- 108,201,696.29
其中：房屋、建筑物
1,093,114.64 1,093,114.64
机器设备
93,657,625.25 93,657,625.25
无形资产减值准备
--- --- --- ---
其中：专利权
商标权
在建工程减值准备
--- --- --- ---
委托贷款减值准备
--- --- --- ---
资产减值合计
436,615,629.29 --- 4,265,753.11 432,349,876.18
企业负责人：范宪 主管会计工作负责人：薛建民 会计机构负责人：薛建民
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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上海轮胎橡胶（集团）股份有限公司
2006 年半年度会计报表附注
（一）公司简介：
上海轮胎橡胶（集团）股份有限公司前身系上海轮胎橡胶（集团）公司。一九九二年五月经批准
改制为中外合资股份有限公司，一九九二年十二月在上海证券交易所上市。二 OOO 年十月十七日变更
后的《企业法人营业执照》注册号为企股沪总字第 019010 号，二 OO 三年注册地址变更为：上海市闵
行区江川路 1251 号 605 室；税务登记号码：310112607218997，法定代表人：范宪；截止二 OO 六年
六月三十日，股本总额 889,467,722.00 元，其中：国有股 589,841,461.00 元、国有法人股
11,910,261.00 元、法人股 5,720,000.00 元、人民币普通股 38,896,000.00 元、外资股
243,100,000.00 元。所属行业为工业类。公司经营范围为轮胎、力车胎、胶鞋及其他橡胶制品和前
述产品的配件、橡胶原辅材料、橡胶机械、模具、轮胎橡胶制品钢丝（涉及许可经营的凭许可证经
营）。主要产品为轮胎。
二、公司采用的主要会计政策、会计估计和合并会计报表的编制方
法：
（一）会计制度
执行企业会计准则、《企业会计制度》及其有关的补充规定。
（二）会计年度
公历 1 月 1 日至 12 月 31 日止。
（三）记帐本位币
采用人民币为记帐本位币。
（四）记帐基础和计价原则
以权责发生制为记帐基础，以历史成本为计价原则。
（五）外币业务核算方法
外币业务按发生当期期初的市场汇价作为折算汇率，折合成人民币记账，期末外币
账户余额按期末市场汇价折合成人民币金额进行调整。外币专门借款账户期末折算差
额，在所购建固定资产达到预定可使用状态前的特定时间段内，按规定予以资本化，计
入在建工程成本，其余的外币账户折算差额均计入财务费用。不同货币兑换形成的折算
差额，均计入财务费用。
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
24
（六）外币会计报表的折算方法
按照财政部财会字（1995）11 号《关于印发<合并会计报表暂行规定>的通知》，
除所有者权益类项目（不含未分配利润项目）以发生时的市场汇价（中间价）折算为人
民币外，资产、负债、损益类项目均以合并会计报表决算日的市场汇价（中间价）折算
为人民币。外币报表折算差额在合并资产负债表中单独列示。
（七）现金等价物的确定标准
在编制现金流量表时，将同时具备期限短（从购买日起，三个月到期）、流动性
强、易于转换为已知现金、价值变动风险很小四个条件的投资，确定为现金等价物。
（八）短期投资核算方法
1、取得的计价方法
取得投资时按实际支付的价款（扣除已宣告未领取的现金股利或已到期未领取的债
券利息）、相关税费计价。债务重组取得债务人用以抵债的短期投资，以应收债权的账
面价值为基础确定其入账价值；以非货币性交易换入的短期投资，以换出资产的账面价
值为基础确定其入账价值。
2、短期投资跌价准备的计提
中期末及年末，按成本与收盘价孰低提取或调整短期投资跌价准备。
按投资单项投资计算并确定计提的跌价损失准备。
3、短期投资收益的确认
短期投资待处置时确认投资收益。在持有期间分得的现金股利和利息，冲减投资成
本或相关应收项目。
（九）坏帐核算方法
1、坏帐的确认标准
对因债务人撤销、破产，依照法律清偿程序后确实无法收回的应收款项；因债务人
死亡，既无遗产可清偿，又无义务承担人，确实无法收回的应收款项；因债务人逾期未
履行偿债义务并有确凿证据表明，确实无法收回的应收款项，按照公司管理权限批准核
销。
2、坏帐损失的核算方法
采用备抵法核算，应收账款按账龄分析法并结合个别认定法估算坏账损失，其他应
收款按个别认定法估算坏账损失。
3、应收账款坏帐准备计提比例
账龄 计提比例
1 年以内 5％
1 至 2 年 30％
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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2 至 3 年 50％
3 年以上 100％
（十）存货核算方法
1、存货分类为
存货分类为：在途物资、原材料、包装物、低值易耗品、库存商品（包括库存的外
购商品、自制商品产品、自制半成品等）、委托加工物资、开发产品、开发成本。
2、取得和发出的计价方法
（1）原材料采用计划成本核算，月末按发出原材料的计划成本计算应摊销的材料成
本差异；
（2）其他存货按取得时的实际成本计价，发出时按加权平均法计价。
债务重组取得债务人用以抵债的存货，以应收债权的账面价值为基础确定其入账价
值；非货币性交易换入的存货以换出资产的账面价值为基础确定其入账价值。
3、低值易耗品的摊销方法
（1）轮胎模具采用分期摊销法；
（2）其他采用一次摊销法。
4、开发用土地的核算方法
（1）纯土地开发项目：其费用支出单独构成土地开发成本；
（2）连同房产整体开发的项目：其费用可分清负担对象，一般按实际占用面积分摊
计入商品房成本。
5、公共配套设施费用的核算方法
（1）不能有偿转让的公共配套设施：按收益比例定标准分配计入商品房成本；
（2）能有偿转让的公共配套设施：以各配套设施项目独立作为成本核算对象，归集
所发生的成本。
6、出租开发产品的摊销方法
按房屋建筑物的房地产所有权证年限，最长不超过 50 年，采用直线法计算出月摊销
额，计入出租开发产品的经营成本费用。
7、出租开发产品的期末列示
以出租为目的的出租开发产品的账面价值，在资产负债表的“其他长期资产”项目
中列示。
8、存货的盘存制度
采用永续盘存制。
9、存货跌价准备的计提方法
中期末及年末，对存货进行全面清查后，按存货的成本与可变现净值孰低提取或调
整存货跌价准备。
存货跌价准备按单个存货项目计提。
（十一）长期投资核算方法
1、取得的计价方法
长期投资取得时以初始投资成本计价，包括相关的税金、手续费等。债务重组取得
债务人用以抵债的股权投资，以应收债权的账面价值为基础确定其入账价值；非货币性
交易换入的股权投资，以换出资产的账面价值为基础确定其入账价值。
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
26
2、长期股权投资的核算方法
对被投资单位无控制、无共同控制且无重大影响的，采用成本法核算；对被投资单
位能实施控制、共同控制或重大影响的，采用权益法核算。
按权益法核算长期股权投资时，初始投资成本高于应享有被投资单位净资产份额所
确认的股权投资差额，若合同规定投资期限的按投资期限平均摊销；若合同未规定投资
期限的按 10 年平均摊销。初始投资成本低于应享有被投资单位净资产份额的差额，计入
资本公积（股权投资准备）。财会[2004]3 号文生效前发生的股权投资差额贷差仍按原
规定摊销。再次投资发生的股权投资差额按财会[2004]3 号文处理。
3、长期债权投资的核算方法
中期末及年末，按合同规定利率或债券票面利率计提利息，并同时按直线法摊销债
券投资溢价或折价。
如果计提的利息到期不能收回，停止计息并冲回原已计提的利息。
4、长期投资减值准备的计提
中期末及年末，按预计可收回金额低于长期投资账面价值的差额，计提长期投资减
值准备。自 2004 年起计提长期投资减值准备时对以前年度已发生的股权投资差额按财会
（2004）3 号文处理。
长期投资减值准备按个别投资项目计算确定。
（十二）委托贷款核算方法
企业对委托金融机构贷出的款项，按实际委托的贷款金额入账。年末，按照委托贷
款合同规定的利率计提应收利息。如果计提的利息到期不能收回，则停止计息并冲回原
已计提的利息。
中期末及年末，对委托贷款可收回金额低于贷款本金的差额，计提委托贷款减值准
备。
（十三）固定资产计价和折旧方法
1、固定资产标准
指为生产商品、提供劳务、出租或经营管理而持有的并且使用期限超过一年、单位
价值较高的有形资产。
2、固定资产的分类
房屋及建筑物、专用设备、通用设备、运输设备、其他设备、固定资产装修、租入
固定资产改良支出。
3、固定资产的取得计价
一般遵循实际成本计价原则计价。
债务重组取得债务人用以抵债的固定资产，以应收债权的账面价值为基础确定其入
账价值；非货币性交易换入的固定资产，以换出资产的账面价值为基础确定其入账价
值。
融资租入的固定资产，按租赁开始日租赁资产的原账面价值与最低租赁付款额的现
值两者中较低者作为入账价值，如果融资租赁资产占企业资产总额等于或小于 30％的，
则按最低租赁付款额作为入账值。
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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4、固定资产折旧计提方法
固定资产折旧采用年限平均法分类计提。根据固定资产类别、预计使用年限和预计
净残值率确定折旧率。
除制皂集团及其所属子公司外的公司各类固定资产的折旧年限和年折旧率：
类别 预计经济使用年限 预计残值率 年折旧率
房屋及建筑物 30 年 5％ 3.17％
专用设备 15 年 5％ 6.33％
通用设备 15 年 5％ 6.33％
运输设备 5 年 5％ 19％
其他设备 5 年 5％ 19％
制皂集团及其所属子公司各类固定资产的折旧年限和年折旧率：
类别 预计经济使用年限 预计残值率 年折旧率
房屋及建筑物 10-50 年 3-10％ 9.7％－1.8％
专用设备 10-20 年 3-10％ 9.7％－4.5％
通用设备 5 年 3-10％ 19.4－18％
运输设备 5-10 年 3-10％ 19.4－9％
其他设备 5 年 3-10％ 19.4－18％
符合资本化条件的固定资产装修费用，在两次装修期间与固定资产尚可使用年限两
者中较短的期间内，采用年限平均法单独计提折旧；经营租赁方式租入的固定资产改良
支出，在剩余租赁期与租赁资产尚可使用年限两者中较短的期间内，采用年限平均法单
独计提折旧。
融资租赁方式租入的固定资产，能合理确定租赁期届满时将会取得租赁资产所有权
的，在租赁资产尚可使用年限内计提折旧；无法合理确定租赁期届满时能够取得租赁资
产所有权的，在租赁期与租赁资产尚可使用年限两者中较短的期间内计提折旧。融资租
赁方式租入的固定资产发生的符合资本化条件的装修费用，在两次装修期间、剩尚租赁
期与固定资产尚可使用年限三者中较短的期间内，采用年限平均法单独计提折旧。
5、固定资产减值准备的计提
中期末及年末，对由于市价持续下跌、技术陈旧、实体损坏、长期闲置等原因导致
其可收回金额低于账面价值的，按预计可收回金额低于其账面价值的差额，计提固定资
产减值准备。
固定资产减值准备按单项资产计提。
（十四）在建工程核算方法
1、取得的计价方法
以立项项目分类核算工程发生的实际成本，当所建工程项目达到预定可使用状态
时，转入固定资产核算，尚未办理竣工决算的，按估计价值转账，待办理竣工决算手续
后再作调整。
2、在建工程减值准备的计提
中期末及年末，对于长期停建并预计在未来三年内不会重新开工的在建工程，或在
性能、技术上已落后且给企业带来经济利益具有很大不确定性的在建工程，计提在建工
程减值准备。
在建工程减值准备按单项工程计提。
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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（十五）无形资产核算方法
1、取得的计价方法
按取得时的实际成本入账。
债务重组取得债务人用以抵债的无形资产，按应收债权的账面价值为基础确定其入
账价值；非货币性交易换入的无形资产，按换出资产的账面价值为基础确定其入账价
值。
2、摊销方法
采用直线法。相关合同与法律两者中只有一方规定受益年限或有效年限的，按不超
过规定年数的期限平均摊销；两者均规定年限的按孰低者平均摊销；两者均未规定年限
的按不超过十年的期限平均摊销。
3、无形资产减值准备的计提
中期末及年末，对于因被其他新技术替代、市价大幅下跌而导致创利能力受到重大
不利影响或下跌价值预期不会恢复的无形资产，按预计可收回金额低于其账面价值的差
额，计提无形资产减值准备。
无形资产减值准备按单项资产计提。
（十六）长期待摊费用摊销方法
1、开办费转销方法
在开始生产经营的当月一次计入损益。
2、其他长期待摊费用摊销方法
在受益期内平均摊销，其中：
预付经营租入固定资产的租金，按租赁合同规定的期限平均摊销。
（十七）借款费用
1、借款费用资本化的确认原则
专门借款的辅助费用在所购建资产达到预定可使用状态前，予以资本化，若金额较
小则直接计入当期损益。
专门借款的利息、溢折价摊销、汇兑差额开始资本化应同时满足以下三个条件：资
产支出已经发生；借款费用已经发生；为使资产达到预定可使用状态所必要的购建活动
已经开始。
当购建资产项目发生非正常中断且连续三个月或以上时，借款费用暂停资本化。当
购建资产项目达到预定可使用状态后，借款费用停止资本化。
当购建资产中部分项目分别完工且可单独使用时，该部分资产借款费用停止资本
化。
普通借款的借款费用和不符合资本化规定的专门借款的借款费用，均计入发生当期
损益。
2、借款费用资本化期间
按半年度计算借款费用资本化金额。
3、专门借款的借款费用资本化金额的确定方法
每一会计期间利息资本化的金额＝至当年末止购建固定资产累计支出加权平均数×
借款加权平均利率。
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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允许资本化的辅助费用、汇兑差额按实际发生额直接资本化。
（十八）预计负债
与或有事项相关的义务同时符合以下条件时，公司将其列为预计负债：
1、该义务是企业承担的现时义务；
2、该义务履行很可能导致经济利益流出企业；
3、该义务金额可以可靠地计量。
（十九）收入确认原则
1、销售商品
公司已将商品所有权上的重要风险和报酬转移给买方；公司不再对该商品实施继续
管理权和实际控制权；与交易相关的经济利益能够流入企业；相关的收入和成本能可靠
地计量时，确认营业收入实现。
2、提供劳务
在同一年度内开始并完成，在劳务已经提供，收到价款或取得收取价款的依据时，
确认劳务收入的实现；如劳务的开始和完成分属不同的会计年度，在提供劳务交易的结
果能够可靠估计的情况下，在资产负债表日按完工百分比法确认相关的劳务收入。
3、让渡资产使用权
与交易相关的经济利益能够流入企业，收入的金额能可靠地计量时，按合同或协议
规定确认为收入。
4、出租物业收入
（1） 具有承租人认可的租赁合同、协议或其他结算通知书；
（2） 履行了合同规定的义务，开具销售发票且价款已经取得或确信可以
得；
（3） 出租开发成本能够可靠地计量。
（二十）未确认投资损失的确认
如果被投资单位发生亏损，公司按持股比例计算亏损分担额，并冲减长期股权投资
的账面价值，一般以长期股权投资减记至零为限。未确认的亏损分担额，在编制合并会
计报表时分别在资产负债表和利润及利润分配表中确认为未确认投资损失。
（二十一）所得税的会计处理方法
采用应付税款法。
（二十二）合并会计报表的编制方法
1、合并会计报表按照《合并会计报表暂行规定》及有关文件，以母公司和纳入合
并范围的子公司的个别会计报表以及其他资料为依据进行编制。但对行业特殊及子公司
规模较小，符合财政部财会二字（1996）2 号《关于合并会计报表合并范围请示的复
函》文件的规定，则不予合并。合并时对内部权益性投资与子公司所有者权益、内部投
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
30
资收益与子公司利润分配、内部交易事项、内部债权债务进行抵销，对合并盈余公积进
行调整。
2、母公司与子公司采用的会计政策和会计处理方法无重大差异。
三、税项：
（一）公司主要税种和税率为
税 种 税率 备 注
增值税 17％ 商品（产品）销售
13％ 橡胶销售
消费税 10％-3% 生产环节的轮胎
（除子午线轮胎）销售(注)
8％ 制皂集团护发类产品
营业税 5％ 其他 5％
所得税 27％ 母公司、上海制皂有限公司
33％
注：2006 年 3 月 21 日，财政部、国家税务总局联合发出通知，对我国现行消费税的税
目、税率进行调整。其中斜交轮胎的税率从原来的 10%降到了 3%，子午线轮胎继续实行
免税政策，本次调整将从 4 月 1 日起开始执行。
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
31
（二）税负减免
所得税
上海轮胎橡胶（集团）公司房地产开发经营公司，注册于浦东新区，根据沪财企一
（1994）158 号文，1994 年起所得税减按 15％计征；
上海轮胎橡胶（集团）供销有限公司，注册于浦东新区，根据沪财企一（1996）20
号文，1995 年 6 月起所得税减按 15％计征；
上海牡丹油墨有限公司 2006 年所得税实际税负为 15％。
四、母公司的汇总范围：
（一）上海轮胎橡胶（集团）股份有限公司本部
（二）上海轮胎橡胶（集团）股份有限公司大中华正泰公司（以下简称大正公司）
（三）上海轮胎橡胶（集团）股份有限公司双钱载重轮胎公司（以下简称载重公
司）
五、合并范围：
本期合并范围减少一家，系公司五届十一次董事会审议通过了：《关于上海轮胎橡
胶(集团)如皋投资有限公司股权转让的议案》。如皋投资公司注册资本 8,750 万元，公
司出资 7,160 万元，占注册资本的 81.83%，公司以 8,100 万元的价格将所持有的股权转
让给自然人，故本期退出合并。
六、控股子公司及合营企业:
（一）公司所控制的所有子公司、合营企业情况及其合并范围（金额单位：人民币
元）：
被投资单位全称 注册资本 经营范围 母公司实际投资额
母公司控
股比例
合并范围
内控股比
例
是否
合并
备注
上海制皂（集团）有限公司 160,690,000.00 国内贸易（除专项规定） 180,000,000.00 60.00% 60.00% 是 （注 1）
上海轮胎橡胶（集团）股份公
司轮胎研究所
30,000,000.00 汽车轮胎开发研制、相关技
术、商品信息咨询服务
30,000,000.00 100.00% 100.00% 是 （注 1）
上海轮胎橡胶（集团）如皋有
限公司
注册资本
USD36,270,000.00
元
制造、加工、组装销售轮胎，
胶鞋及其他橡胶制品和前述产
品的配件，橡胶原辅材料，橡
胶机械、模具，轮胎橡胶制品
钢丝（国家有专项规定的按规
定执行，涉及许可证的凭有效
许可证生产经营）
USD18,740,709.00 51.67% 51.67% 是 （注 2）
上海轮胎橡胶(集团)供销有限
公司
21,000,000.00 轮胎及橡胶制品、橡胶机械、
化工原料（除危险品）、金属
材料、建筑材料、机电设备、
轮胎辅料、机械配件经销
19,000,000.00 90.48% 100.00% 是 （注 2）
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
32
上海大孚橡胶有限公司 36,670,000.00 轮胎、力车胎、技贸结合 33,000,000.00 90.00% 100.00% 是 （注2）
上海欣业实业有限公司 145,580,000.00 轮胎、金属材料、化工原料及
制品、电器机械及器材
131,022,000.00 90.00% 100.00% 是 （注 2）
上海轮胎橡胶（集团）泗泾橡
胶有限公司
28,510,000.00 销售内胎垫带 22,736,735.00 79.75% 79.75% 是 （注 1）
上海轮胎橡胶（集团）东海轮
胎有限公司
14,680,000.00 销售轮胎、橡胶、橡胶制品，
机械设备
9,542,000.00 65.00% 65.00% 是 （注 1）
上海双钱碧源置业有限公司 10,000,000.00 房产开发、经营，物业管理及
自管房租赁。（以上经营范围
涉及许可经营的凭许可证经
营）。
9,000,000.00 90.00% 90.00% 是 （注 1）
海口孚华轮胎销售公司 2,000,000.00 橡胶机械配件、橡胶机械设
备、化工原料、轮胎辅料、轮
胎及橡胶制品销售
1,800,000.00 90.00% 90.00% 否 （注 1）
上海轮胎橡胶机械模具有限公
司
18,000,000.00 橡胶机械，模具，气门嘴，技
术服务
22,497,487.86 43.68% 51.00% 否 （注 2）
上海轮胎橡胶（集团）联营公
司
5,070,000.00 国内商业、物资供销业 3,300,000.00 59.6745% 69.6203% 否 （注 2）
上海橡胶工业供销公司 8,500,000.00 批发，零售，加工服务 8,000,000.00 94.12% 94.12% 否 （注 1）
厦门回力工贸公司 1,600,000.00 化工原料、其他食品、纺织
品、日用百货、建筑材料批
发、零售
1,600,000.00 100.00% 100.00% 否 （注 1）
海南回力工贸公司 900,000.00 橡胶制品，帘子布，钢丝，轮
胎，化工原料
900,000.00 100.00% 100.00% 否 （注 1）
美国 SHANGHAIT.R.T.R 公司 USD200,000.00 轮胎销售、技贸结合 1,218,280.00 70.00% 70.00% 否 （注 1）
上轮劳动服务有限公司 100,000.00
劳动房屋（除中介），劳动保
障咨询（除经纪）。
80,000.00 80.00% 80.00% 否 （注 1）
上海轮胎橡胶（集团）公司房
地产开发经营公司
20,000,000.00 房地产开发经营服务，物业管
理，建筑、装潢材料
100.00% 是 （注 3）
上海天福房地产发展有限公司 USD11,400,000.00 在本地块内从事商品住宅办公
楼及其附属设备的建设开发、
销售与出租；从事与房地产有
关的咨询、代理、物业管理业
务；从事地块建筑物内的商
场、餐饮、文化娱乐等业务
（涉及许可经营的凭许可证经
营）
60.00% 是 （注 3）
上海欣兴贸易公司 600,000.00 炭黑，橡胶及制品，摩托车及
汽车配件，钢材，化工产品，
浴具，装璜材料，劳防用品，
五金交电，食品，副食品南北
货，摩托车维修，非炭黑设备
加工、安装，炭黑技术服务，
蛇类制品，酒，烟
100.00% 否 （注 3）
上海爱化测试仪器维修站 30,000.00 仪器维修及技术咨询，仪器零
配件销售
100.00% 否 （注 3）
深圳上轮贸易有限公司 1,100,000.00 国内商业、物资供销业 100.00% 否 （注 4）
上海上联化工实业公司 3,810,000.00 轮胎加工、化工原料及制品 100.00% 否 （注 3）
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
33
上海正力橡胶工贸公司 1,004,000.00 橡胶及橡胶制品、化工原料及
产品、金属材料、机电产品及
配件、建筑材料、装潢材料、
五金交电、汽车配件家具及制
品、木材、工艺品、附设分支
机构
100.00% 否 （注 3）
上海碳酸钙厂 1,082,000.00 碳酸钙（工业用、药用、食
用）
100.00% 否 （注 3）
上海总联橡胶实业公司 1,060,000.00 橡胶及制品，化工原料及产品
（除危险品），橡胶模具、服
装鞋帽，文教用品，体育用
品，五金交电，金属材料，机
电设备及配件（除专营），纺
织品，建筑、装潢材料
100.00% 否 （注 3）
上海正华工贸公司 1,000,000.00 轮胎及橡胶制品、化工原料
（除危险品）、汽配、五金工
具，建筑五金，再生胶，摩托
车胎生产，建材，水暖轮胎维
修，钢丝盘头加工维修，金属
材料，电线电缆，机电产品，
百货，五金交电，食品，油漆
及辅料
100.00% 否 （注 3）
上海欣业广告公司 500,000.00 承担各类广告设计、制作 100.00% 否 （注 3）
上海欣明橡胶厂 1,500,000.00 轮胎销售、批发、加工业务 94.67% 否 （注 3）
上海宝轮实业公司 500,000.00 轮胎销售、批发、加工业务 80.00% 否 （注 3）
上海敦信贸易有限公司 1,800,000.00 钢材、木材、建筑材料、装潢
材料、化工原料及产品（不含
危险品）、五金交电、日用化
学品、汽车配件、橡胶制品的
销售，附设分支机构
83.33% 否 （注 3）
上海泰华出租公司 3,500,000.00 汽车客运、车辆配件的销售 90.00% 否 （注 3）
上海华轮贸易有限公司 1,700,000.00 橡胶制品、五金交电、摩托
车、电机、汽车配件、建筑材
料、装潢材料、钢材、木材、
化工原料及配件（除危险
品）、百货销售、废旧橡胶回
收、劳动服务
88.24% 否 （注 3）
上海回力宾馆 4,000,000.00 内外宾住宿、饭、菜、烟、西
点、冷热饮的销售，棋牌娱乐
80.00% 否 （注 3）
上海双力物业管理有限公司 500,000.00 物业管理，房屋租赁，杂务劳
动，建材、钢材、百货、五金
交电、普通劳防用品、汽配批
发、零售、代购代销
90.00% 否 （注 4）
上海龙泰精细橡胶公司 11,250,000.00 轮胎橡胶制品，密封件 53.33% 否 （注 3）
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
34
上海福浦橡胶有限公司 3,000,000.00 橡胶、橡胶制品、橡胶粒
子、胶粉、橡胶模具制造、加
工、服装、鞋帽、文教用品、
五金交电、金属材料、机电设
备及配件、纺织品、建筑装潢
材料批发、零售（上述经营范
围涉及许可经营的凭许可证经
营）
80.00% 否 （注 3）
上海轮胎橡胶（集团）房屋交
换部
500,000.00 物业管理，房屋租赁交换服务 100.00% 否 （注 3）
天开计算机系统有限公司 1,000,000.00 计算机、自动控制专业领域内
的八技服务等
80.00% 否 （注 3）
上海白象天鹅电池有限公司 35,000,000.00 经营本企业电池即及配件、生
产电池的机械设备、仪器仪表
及零配件的出口业务；经营本
企业生产科研所需的原辅材
料、机械设备、仪器仪表及零
配件的进口业务；电光源化工
原材料（除危险品）有色金属
汽配五金交电建筑材料。
100.00% 是 （注 4）
上海制皂集团产品销售有限公
司
10,000,000.00 主营皂类，甘油，印刷油墨，
印花涂料，有机颜料，树脂，
洗涤用品，油脂，油脂工业产
品及其衍生物产品，香精，香
料，表面活性剂，化工原料
（除危险品），日用百货，包
装材料，服装，纺织品销售
100.00% 是 （注 4）
上海制皂厂 94,360,000.00 制皂，甘油，油脂，鞣料及皮
革化学品。粘结剂，表面活性
剂，香精，工业品粘结剂和
胶，涂料，人用洗洁用品，香
料，化妆品，动物用化妆润滑
剂
100.00% 是 （注 3）
上海油墨厂 17,282,000.00 印刷油墨、涂料印花色浆。涤
纶着色浆、颜料、树脂
100.00% 是 （注 3）
上海凌旭油脂储炼有限公司 USD700,000.00 生产精练工业用油脂及相关基
础油脂原料，销售自产产品
（涉及许可经营的凭许可证经
营）
65.27% 是 （注 3）
上海牡丹油墨有限公司 85,000,000.00 印刷油墨、印花涂料、树脂，
颜料，经营公司自产产品及技
术的出口业务，经营公司生
产、科研所需的原辅材料，仪
器仪表、机械设备、零配件及
技术的进口业务（国家限定公
司经营和国家禁止进出口的商
品及技术除外），经营进料加
工和“三来一补”业务（以上
经营范围涉及许可经营的凭许
可证经营）
100.00% 是 （注 4）
Moltech Holdings
Corporation
USD50,000.00 从事英属维尔京群岛法律所允
许的经营活动
70.00% 是 （注 3）
上海克勒色母粒化工有限公司 USD3,000,000.00 生产、销售各类色母粒产品及
相关的塑料制品
60.00% 否 （注 3）
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
35
四川克勒联营公司 2,000,000.00 油墨、涂料、颜料、色母粒、
油墨树脂
51.00% 否 （注 3）
上海制皂有限公司 USD41,950,000.00 生产香皂、洗衣皂、甘油、洁
净洗涤用品、油脂化工产品及
其衍生物产品，销售自产产品
（涉及许可经营的凭许可证经
营）
75.00% 是 （注 3）
默特克电源（上海）有限公司 注册资本
USD25,000,000.00
实到
USD18,505,000.00
研发、生产、加工各类无汞碱
锰电池、动力镍氢电池、锂离
子电池，销售自产产品并提供
售后服务（涉及许可经营的凭
许可证经营）
100.00% 是 （注 3）
默特克电源（如皋）有限公司 注册资本
USD12,000,000.00
实到
USD9,300,000.00
研发生产加工销售各类无汞碱
锰电池、动力镍氢电池、锂离
子电池可充电电池及其配套产
品，并提供售后服务
100.00% 是 （注 3）
Moltech Power Systems
Inc.
USD10,000.00 从事福罗里达州法律所允许的
经营活动
100.00% 是 （注 3）
Moltech Power Systems
European Operations
USD233,000.00 从事法律所允许的经营活动 100.00% 是 （注 3）
上海浦东四达花园 32,500,000.00 建筑装潢、化工电器、橡胶仪
表零售兼批发
100.00% 否 (注 5)
注 1：由上海轮胎橡胶（集团）股份有限公司直接投资；
注 2：由上海轮胎橡胶（集团）股份有限公司及其子公司共同投资；
注 3：由上海轮胎橡胶（集团）股份有限公司的子公司直接投资；
注 4：由上海轮胎橡胶（集团）股份有限公司的子公司之间共同投资。
注 5: 由上海轮胎橡胶（集团）股份有限公司的子公司直接投资，本期从成本法核算转入权益法
核算。
（二）未纳入合并会计报表范围的子公司：
1、未合并的子公司详见（一）
2、未合并的原因：
根据财政部财会（1996）2 号《关于合并会计报表合并范围请示的复函》的精神，
并参照对境外投资者公布报表的合并范围。
（三）报告期内出售子公司情况
出售子公司名称
出售日
上年末
流动资产 长期投资
固定
资产
无形
资产
其他资产 流动负债 长期负债
--- 22,991,702.08 68,390,104.42 --- --- --- 上海轮胎橡胶 --- 6,184,347.59 ---
（集团）如皋投
资公司
--- 22,991,702.08 68,390,104.42 --- --- --- 6,184,347.59 ---
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
36
出售子公司名称
年初至出售日
上年度
主营业务收入 主营业务利润 利润总额 所得税 净利润
--- --- --- --- 上海轮胎橡胶 --- ---
（集团）如皋投
资公司
--- 269,869,999.35 9,162,713.89 -4,176,794.13 -4,176,794.89
六、合并会计报表主要项目注释（以下金额单位若未特别注明者均为人民币元，凡
未注明年初数的均为年末数）
（一）货币资金
项 目 期 末 数 年 初 数
现 金 470,774.68 344,323.06
银行存款 607,054,732.94 366,419,435.94
其他货币资金 96,705,840.38 155,843,727.33
合 计 704,231,348.00 522,607,486.33
其中美元：外币金额 12,178,322.61 17,723,502.46
折算汇率 7.9956 8.0702
折合人民币 97,372,996.26 143,032,209.53
港元：外币金额 30,532,889.16 6,647,407.60
折算汇率 1.02942 1.0403
折合人民币 31,431,166.76 6,915,299.48
英镑：外币金额 1,313,473.51 584,658.08
折算汇率 14.6332 13.9122
折合人民币 19,220,320.57 8,133,880.14
欧元：外币金额 11,846.18 11,846.18
折算汇率 10.1313 9.5797
折合人民币 120,017.20 113,482.85
新币：外币金额 1,705.61 1,705.61
折算汇率 5.0281 4.8543
折合人民币 8,575.98 8,279.54
货币资金期末比年初增加 181,623,861.67 元，增加的比例为 34.75%，主要原因系借款增加所致。
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
37
（二）应收票据
种类 期 末 数 年 初 数
银行承兑汇票 104,156,965.16
166,643,135.96
商业承兑汇票 3,463,232.38
合 计 104,156,965.16 170,106,368.34
已质押的应收票据：见十/(二)
已贴现的商业承兑汇票为 145,000,000.00 元，系母公司取得合并范围内控股子公司开具的商业
承兑汇票贴现。
（三）应收股利
项目 期 末 数 期 初 数 性质和内容
上海新轮联合发展有限公司 --- 11,138,023.57 已收到股利
上海森凌置业发展有限公司 --- 10,441.35 已收到股利
合 计 --- 11,148,464.92
本期减少为收到股利。
（四）应收账款
1、账龄分析
期 末 数 年 初 数
账 龄
账面余额
占总额
比例
坏账准备
计提比例（除
个别认定外）
坏账准备 账面余额
占总额
比例
坏账准备
计提比例
（除个别
认定外）
坏账准备
1 年以内 663,384,593.09 70.49% 5% 33,169,229.65 658,491,014.90 70.34% 5% 32,924,550.78
1－2 年 6,019,405.63 0.64% 30% 1,805,821.69 6,023,829.39 0.64% 30% 1,807,148.81
2－3 年 10,682,954.76 1.14% 50% 7,890,500.09 11,612,970.87 1.24% 50% 7,525,627.43
3 年以上 261,017,489.32 27.73% 100% 261,017,489.32 260,002,380.72 27.78% 100% 260,002,380.72
合 计 941.104.442.80 100.00% …… 303,883,040.75 936,130,195.88 100.00% …… 302,259,707.74
2、年末应收账款欠款金额前五名的累计总欠款金额为 399,644,110.07 元，占应收账款总金额的
43.54％。
3、本年度除 3 年以上应收账款按会计政策计提 100%坏帐准备外全额计提坏帐准备的说明：
账 龄 账面余额 坏账准备 计提比例 理 由
2－3 年 5,098,045.42
5,098,045.42
100% 预计无法收回
合计 5,098,045.42
5,098,045.42
---
4、年末应收账款中无持本公司 5％以上（含 5％）表决权股份的股东单位欠款。
（五）其他应收款
1、账龄分析
期 末 数 年 初 数
账 龄
账面余额
占总额
比例
坏账准备 账面余额 占总额比例 坏账准备
1 年以内 186,698,446.12 33.87% 12,632,862.92 199,631,476.95 32.80% 12,632,862.92
1－2 年 74,596,890.34 13.53% 3,341,389.22 68,663,231.27 11.28% 3,341,389.22
2－3 年 50,277,059.10 9.12% 3,505,000.00 50,222,727.24 8.25% 3,505,000.00
3 年以上 239,657,544.64 43.48% 106,551,848.91 290,093,054.04 47.67% 106,977,499.05
合 计 551,229,940.20 100.00% 126,031,101.05 608,610,489.50 100.00% 126,456,751.19
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
38
2、年末其他应收款欠款金额前五名的累计总欠款金额为 266,810,493.61 元，占其他应收款总
金额的比例为 48.4％。
3、本年度全额计提或部分计提坏账准备的说明：
欠款性质 欠款金额 计提比例 理 由
担保款 9,862,155.12 100% 预计无法收回
预付工程款 5,045,714.01 100% 预计无法收回
预付款 8,470,368.12 100% 预计无法收回
暂借款 73,609,968.69 10%－100% 预计无法收回
置换土地款 28,161,495.11 18% 按无法收回的部分计提
其他 491,400.00 100% 预计无法收回
合计 125,641,101.05
4、金额较大的其他应收款
土地置换款 152,297,829.03 注
上海正兴房产有限公司 62,767,306.58 暂借款
上海龙泰精细橡胶公司 48,969,727.62 预付土地补偿金
上海市杨浦区土地发展中心 21,490,000.00 土地出让金预付款
上海轮胎橡胶机模公司 17,591,738.72 暂借款
合计 303,116,601.95
注：经 2003 年度第一次临时股东大会决议，同意将以下应收款项列入置换计划，故本年未计提
坏账准备（详见附注十二/（二））
5、年末其他应收款中无持本公司 5％以上（含 5％）表决权股份的股东单位欠款。
（六）预付账款
1、账龄分析
期 末 数 年 初 数
账 龄
金 额 占总额比例 金 额 占总额比例
1 年以内 263,244,113.40 98.21% 47,660,482.75 46.40%
1－2 年 4,776,883.97 1.78% 55,038,360.52 53.58%
2－3 年 20,550.00 0.01% 20,550.00 0.02%
3 年以上 --- --- --- ---
合 计 268,041,547.37 100.00% 102,719,393.27 100.00%
2、预付账款中无持本公司 5％以上（含 5％）表决权股份的股东单位欠款。
3、预付账款期末比期初增加 165,322,154.10 元，增加的比例为 160.95%，增加的主要原因系预
付橡胶款增加所致。
（七）应收补贴款：
项目 金 额
应收出口退税 508,090.19
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
39
（八）存货及存货跌价准备
1、存货
期 末 数 年 初 数
项 目
账面余额 跌价准备 账面余额 跌价准备
原材料 453,577,937.34 2,264,080.93 420,168,812.84 2,264,080.93
包装物 523,655.92 --- 518,302.74 ---
低值易耗品 114,117,931.91 69,523.08 79,080,958.22 69,523.08
库存商品 492,369,208.33 3,075,174.69 328,235,512.42 3,566,688.25
在产品 140,914,309.80 --- 111,518,950.76 ---
委托加工物资 2,793,525.83 --- 1,213,722.73 ---
开发产品 21,686,774.60 --- 12,836,554.99 ---
开发成本 21,793,482.83 10,050,000.00 29,592,372.17 10,050,000.00
合计 1,247,776,826.56 15,458,778.70 983,165,186.87 15,950,292.26
期末比期初增加 264,611,639.69 元，增加的比例为 26.91%，增加的主要原因系因扩产使库存商
品和低值易耗品增加以及原材料价格大幅上涨所致。
2、年末存货按成本高于可变现净值的差额计提存货跌价准备，确定可变现净值的依据为：以存
货的估计售价减去至完工估计将要发生的成本、估计的销售费用以及相关税金后的金额。
（九）待摊费用
类 别 年 初数 本期增加 本期摊销 本期减少 期 末 数 期末结存原因
保险费 37,151.00 126,545.89 114,852.00 48,844.89
属本年度后期承担的费用
租赁费 --- 657,000.00 219,000.00 438,000.00 属本年度后期承担的费用
模具 --- 674,907.54 39,196.88 635,710.66 属本年度后期承担的费用
修理费 --- 4,110,719.29 1,000,000.00 3,110,719.29 属本年度后期承担的费用
其他 --- 1,595,777.75 1,267,236.15 328,541.60
属本年度后期承担的费用
合 计
37,151.00 7,164,950.47 2,640,285.03 4,561,816.44
（十）长期投资：
项 目 期 末 数 年 初 数
账面余额 减值准备 账面余额 减值准备
长期股权投资 501,198,518.61 28,371,099.28 511,961,219.88 28,760,891.52
长期投资账面余额期末比期初减少 10,762,701.27 元，减少的比例为 2.10%，主要系本期转让浦
发银行法人股及权益法子公司本期盈亏对长期投资影响的差额。见附注（十一）2（3）
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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1、长期股票投资 ：
（1）股票投资：
被投资公司
名称
股份类别
股票数量
（股）
占被投资
公司注册
资本比例
初始投资成本 期末帐面余额 减值准备 年初帐面余额
爱建股份 法人股 208,339 <5% 700,000.00 700,000.00 …… 700,000.00
百联股份 法人股 411,680 <5% 2,381,422.61 2,381,422.61 563,767.75 2,381,422.61
东方明珠 法人股 240,000 <5% 1,020,000.00 1,020,000.00 …… 1,020,000.00
丰华股份 法人股 79,200 <5% 275,000.00 275,000.00 …… 275,000.00
广电信息 法人股 7,296 <5% 20,587.27 20,587.27 …… 20,587.27
宏盛科技 法人股 121,000 <5% 245,000.00 245,000.00 …… 245,000.00
津劝业 法人股 168,156 <5% 739,570.50 739,570.50 739,570.50
锦江酒店 法人股 8,541,951 <5% 9,000,000.00 9,000,000.00 …… 9,000,000.00
锦江酒店 法人股 注-786,585.58 -786,585.58
龙头股份 法人股 240,000 <5% 760,000.00 760,000.00 760,000.00
氯碱化工 法人股 118,580 <5% 657,304.00 657,304.00 92,338.40 657,304.00
浦发银行 法人股 …… 6,000,000.00
三爱富 法人股 48,736 <5% 44,200.00 44,200.00 …… 44,200.00
三九发展 法人股 26,807 <5% 77,137.97 77,137.97 3,414.40 77,137.97
上海石化 法人股 200,000 <5% 600,000.00 600,000.00 …… 600,000.00
天房发展 法人股 83,500 <5% 267,200.00 267,200.00 …… 267,200.00
原水股份 法人股 24,380 <5% 66,780.00 66,780.00 …… 66,780.00
小计 10,519,625 16,067,616.77 16,067,616.77 659,520.55 22,854,202.35
注：系以缩股的方式取得锦江酒店股票的流通权。
（2）其他股权投资：
A．成本法核算的股权投资：
被投资单位名称
占被投资单位
注册资本比例
年初余额 本年投资增减额 期末帐面余额
常熟胶鞋厂（注 1） 19.26% 842,435.00 …… 842,435.00
成都海发集团股份有限公司 <5% 150,000.00 …… 150,000.00
海南国际假日游业公司（注 1） 5.00% 500,000.00 …… 500,000.00
辽宁上海轮胎橡胶联营公司（注 1） 50.00% 500,000.00 …… 500,000.00
上海长银工茂公司（注 1） <5% 1,000,000.00 …… 1,000,000.00
上海奉平民政实业有限公司华利颜料
厂（注 2）
45.00% 900,000.00 …… 900,000.00
上海彩生色料化学有限公司 19.00% 950,000.00 950,000.00
上海钢丝厂技术开发公司（注 1） 2.00% 31,905.29 …… 31,905.29
上海华明高技术(集团)有限公司 14.44% 4,400,000.00 …… 4,400,000.00
上海华南公司（注 1） 12.50% 136,615.00 …… 136,615.00
上海化工工程技术咨询监理公司 12.50% 150,000.00 …… 150,000.00
上海森懋实业公司 17.00% 2,076,061.94 …… 2,076,061.94
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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上海生生轮胎模具有限公司 15.00% 600,000.00 …… 600,000.00
上海文化实业总公司（注 1） 7.50% 1,500,000.00 …… 1,500,000.00
上海正兴房地产有限公司 5.00% 1,000,000.00 …… 1,000,000.00
上海浦东四达花园（注 8） 49.00% 15,925,000.00 -15,925,000.00 ……
信德企业发展公司 1.99% 500,000.00 …… 500,000.00
远东经济实业总公司（注 1） 3.00% 30,000.00 …… 30,000.00
浙江永康活塞公司 <5% 1,200,000.00 …… 1,200,000.00
中国北美轮胎销售公司（注 4） 64.00% 4,847,224.44 …… 4,847,224.44
中国中联橡胶总公司 18.81% 1,050,000.00 …… 1,050,000.00
上海银行 <5% 242,200.00 …… 242,200.00
长江经济联合发展（集团）股份有限
公司
<5% 2,800,000.00 …… 2,800,000.00
海通证券股份有限公司 <5% 10,200,000.00 …… 10,200,000.00
交通银行 <5% 3,900,000.00 …… 3,900,000.00
上海宝鼎投资股份有限公司 <5% 625,000.00 …… 625,000.00
上海国际信托投资公司 <5% 23,333,300.00 …… 23,333,300.00
申银万国证券股份有限公司公司（注
7）
<5% 12,500,000.00 …… 12,500,000.00
上海锡成化工有限公司（注 3） 51.00% 510,000.00 …… 510,000.00
无锡锡成油脂化工有限公司（注 3） 51.00% 1,112,200.29 …… 1,112,200.29
小计 …… 93,511,941.96 -15,925,000.00 77,586,941.96
注 1：已计提减值准备，账面净额为零。
注 2：为民政福利企业。
注 3：为承包经营。
注 4：投资比例与分配比例不一致
注 5：歇业注销。
注 6：股权转让。
注 7：计提 40%的减值准备。
注 8：由成本法转为权益法核算。
B. 权益法核算的对子公司股权投资：
本年权益增减额 期末余额
投资单位 其中
名称
占被投资
单位注册
资本比例
年初余额
本年合计
投资成本 确认收益
差额摊
销
分得利
润
初始投资 累计增减 合计
上海制
皂（绵
阳）有限
公司（注
2）
55.00% 1,685,569.28 …… …… …… …… …… 2,400,000.00 -714,430.72 1,685,569.28
上海克
勒色母粒
化工有限
公司
60.00% 17,111.91 …… …… 25,992,000.00 -25,974,888.09 17,111.91
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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四川克
勒联营公
司
51.00% 895,644.73 1,021,278.88 -125,634.15 895,644.73
上海双
力物业管
理公司
90.00% 2,198,824.63 3,521.64 …… 3,521.64 …… …… 450,000.00 1,752,346.27 2,202,346.27
上海轮
胎橡胶房
屋交换部
100.00% 817,023.41 500,000.00 317,023.41 817,023.41
上海天
开计算机
系统公司
（注 2）
80.00% 777,874.19 …… …… …… …… …… 800,000.00 -22,125.81 777,874.19
上海上
联化工实
业公司
（注 2）
100.00% 3,835,984.51 …… …… …… …… …… 5,500,000.00 -1,664,015.49 3,835,984.51
上海正
力橡胶工
贸公司
（注 1）
100.00% …… …… …… …… …… …… 1,500,000.00 -1,500,000.00 ……
上海碳
酸钙厂
100.00% 2,327,728.86 182,969.20 182,969.20 …… …… 1,082,000.00 1,428,698.06 2,510,698.06
上海总
联橡胶实
业公司
100.00% 858,022.47 -9,805.45 -9,805.45 …… …… 1,060,000.00 -211,782.98 848,217.02
上海正
华工贸公
司（注
2）
100.00% 1,120,682.83 …… …… 1,000,000.00 120,682.83 1,120,682.83
上海欣业
广告公司
（注 2）
100.00% 110,115.55 …… …… 500,000.00 -389,884.45 110,115.55
上海欣
明橡胶厂
（注 2）
94.67% 765,259.06 …… …… …… …… …… 1,420,050.00 -654,790.94 765,259.06
上海宝
轮实业公
司（注
2）
80.00% 359,475.43 …… …… …… …… …… 400,000.00 -40,524.57 359,475.43
上海敦
信贸易有
限公司
（注 2）
83.33% 1,810,804.71 …… …… …… …… …… 1,500,000.00 310,804.71 1,810,804.71
上海泰
华出租汽
车有限公
司（注
2）
90.00% 10,006,665.10 …… …… …… …… …… 3,780,000.00 6,226,665.10 10,006,665.10
上海华
轮贸易有
限公司
（注 2）
88.24% 1,170,010.83 …… …… …… …… …… 1,500,000.00 -329,989.17 1,170,010.83
上海回
力宾馆有
限公司
（注 1）
80.00% 3,200,000.00 -3,200,000.00 ……
深圳上
轮贸易有
限公司
100.00% 5,037,096.21 1,219,199.51 1,219,199.51 …… …… 700,000.00 5,556,295.72 6,256,295.72
上海龙
泰精细橡
胶公司
（注 1）
53.33% …… …… …… …… …… …… 6,000,000.00 -6,000,000.00 ……
上海福
浦橡胶有
限公司
80.00% 1,770,696.63 -18,630.91 -18,630.91 2,400,000.00 -647,934.28 1,752,065.72
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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上海欣
兴贸易公
司（注
2）
100.00% 600,000.00 600,000.00 …… 600,000.00
上海爱
化测试维
修站
100.00% 258,758.70 30,000.00 228,758.70 258,758.70
海口浮
华轮胎销
售公司
90.00% 3,239,420.82 …… …… …… …… …… 1,800,000.00 1,439,420.82 3,239,420.82
上海轮
胎橡胶机
械模具有
限公司
（注 1）
51.00% …… …… …… …… …… …… 26,264,786.39 -26,264,786.39 ……
上海轮
胎橡胶
（集团）
联营公司
69.62% 4,271,266.26 -63,042.88 -19,914.00 -43,128.88 …… …… 3,869,914.00 338,309.38 4,208,223.38
上海橡
胶工业供
销公司
（注 1）
94.12% …… …… …… …… …… …… 8,000,000.00 -8,000,000.00 ……
厦门回
力工贸公
司（注
2）
100.00% 2,246,557.67 …… …… …… …… …… 1,600,000.00 646,557.67 2,246,557.67
海南回
力工贸公
司（注
2）
100.00% 460,707.19 …… …… …… …… …… 900,000.00 -439,292.81 460,707.19
美国
SHANGHAI
T.R.T.R
公司（注
2）
70.00% 1,038,868.12 -16,961.38 -16,961.38 …… …… …… 1,218,280.00 -196,373.26 1,021,906.74
上轮劳动
服务有限
公司（注
3）
80.00% 92,459.90 5,317.31 5,317.31 80,000.00 17,777.21 97,777.21
上海浦东
四达花园
（注 6）
100.00%
32,500,000.00 32,500,000.00
32,500,000.00 32,500,000.00
小计 …… 47,772,629.00 33,802,567.04 32,463,124.62 1,339,442.42 …… …… 139,568,309.27 -57,993,113.23 81,575,196.04
注 1：被投资公司的净资产负数，长期投资核算至零。
注 2：已全额计提减值准备。
注 3：本年新增投资。
注 4：本年股权转让。
注 5：法院破产程序终结注销。
注 6：本年由成本法核算转为权益法核算。
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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C．权益法核算的对联营企业股权投资：
本年权益增减额 期末余额
其中
投资
单位
名称
占被投资
单位注册
资本比例
年初余额
本年合计
投资成本 确认收益
股权投资准
备
差额摊销 分得利润
初始投资 累计增减 合计
上海
金峰
油化
工业
有限
公司
32.00% 1,462,869.37 1,562,827.80 -99,958.43 1,462,869.37
上海
制皂
厂海
南联
合日
化分
厂
（注
2）
40.00% 859,928.81 …… …… …… …… …… …… 400,000.00 459,928.81 859,928.81
上海
敦煌
制罐
厂
50.00% 710,657.20 …… …… 1,138,742.46 -428,085.26 710,657.20
上海
万益
高分
子材
料有
限公
司
38.00% 1,892,571.67 1,900,000.00 -7,428.33 1,892,571.67
上海
世纪
联融
控股
有限
公司
33.33% 12,331,205.51 955,501.59 955,501.59 …… …… …… 20,000,000.00 -6,713,292.90 13,286,707.10
上海
制皂
(集
团)
如皋
有限
公司
（注
6）
50.00% 14,157,144.01 8,742,756.26 10,000,000.00 -1,257,243.74 24,000,000.00 -1,100,099.73 22,899,900.27
上海
银轮
工程
监理
公司
30.00% 164,450.50 -5,163.21 …… …… -5,163.21 150,000.00 9,287.29 159,287.29
上海
双飞
物业
管理
有限
公司
（注
3）
50.00% 500,000.00 …… …… …… …… 500,000.00 …… 500,000.00
上海
沪轮
轮胎
橡胶
有限
公司
49.00% 5,285,739.83 1,303,649.62 …… 1,303,649.62 …… …… …… 490,000.00 6,099,389.45 6,589,389.45
泰国
华泰
橡胶
公司
40.00% 4,945,209.23 …… …… …… …… …… …… 6,927,680.00 -1,982,470.77 4,945,209.23
上海
新轮
联合
发展
有限
40.00% 102,029,480.32 -24,867,323.82 …… -24,867,323.82 …… …… 90,247,200.00 -13,085,043.50 77,162,156.50
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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公司
上海
米其
林回
力轮
胎股
份有
限公
司
（注
6）
28.50% 105,707,215.12 -5,998,423.51 -5,533,446.23 …… -464,977.28 274,512,000.00 -174,803,208.39 99,708,791.61
上海
钢丝
厂浦
东拉
丝模
厂
49.00% 568,356.37 -8,431.26 …… 740.23 …… -9,171.49 1,038,800.00 -478,874.89 559,925.11
上海
钢丝
厂工
贸公
司
（注
2）
40.00% 15,746.64 …… …… …… …… …… …… 39,191.22 -23,444.58 15,746.64
上海
神马
帘子
布有
限公
司
（注
1）
22.47% …… …… …… …… …… …… …… 10,989,306.82 -10,989,306.82 ……
上海
巴士
交大
网球
俱乐
部有
限公
司
（注
3)
30.43% 7,260,720.38 -601,236.52 -601,236.52 …… …… 7,000,000.00 -340,516.14 6,659,483.86
上海
双钱
轮胎
销售
有限
公司
（注
3)
35.0583% 61,000,000.00 887,032.74 …… 887,032.74 …… …… 61,000,000.00 887,032.74 61,887,032.74
小计 …… 318,891,294.96 -19,591,638.11 10,000,000.00 -29,112,326.13 -474,148.77 -5,163.21 501,895,748.30 -202,596,091.45 299,299,656.85
注 1：被投资公司的净资产负数，长期投资核算至零。
注 2：已全额计提减值准备。
注 3：本年新增投资。
注 4：本年股权转让。
注 5：歇业注销。
注 6：本年追加投资。
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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2、长期投资减值准备
长期股权投资减值准备：
被投资单位名称 年 初 数 本年增加 本年减少 期 末 数
股票投资 1,032,351.41 372,830.86 659,520.55
海南国际假日游业公司 500,000.00 …… …… 500,000.00
常熟胶鞋厂 842,435.00 …… …… 842,435.00
上海华南公司 136,615.00 …… …… 136,615.00
上海钢丝厂技术开发公司 31,905.29 …… …… 31,905.29
辽宁上海轮胎橡胶联营公司 500,000.00 …… …… 500,000.00
上海长银工茂公司 1,000,000.00 …… …… 1,000,000.00
远东经济实业总公司 30,000.00 …… …… 30,000.00
申银万国证券股份有限公司公司 5,000,000.00 5,000,000.00
上海文化实业总公司 1,500,000.00 …… …… 1,500,000.00
上海制皂厂海南联合日化分厂 859,928.81 …… …… 859,928.81
上海钢丝厂工贸公司 15,746.64 …… …… 15,746.64
上海制皂（绵阳）有限公司 1,685,569.28 …… …… 1,685,569.28
上海天开计算机系统公司 777,874.19 …… …… 777,874.19
上海上联化工实业公司 3,835,984.51 …… 3,835,984.51
上海正华工贸公司 1,120,682.83 …… …… 1,120,682.83
上海欣业广告公司 110,115.55 …… …… 110,115.55
上海欣明橡胶厂 765,259.06 …… …… 765,259.06
上海宝轮实业公司 359,475.43 …… …… 359,475.43
上海敦信贸易有限公司 1,810,804.71 …… …… 1,810,804.71
上海泰华出租汽车有限公司 1,330,000.00 …… …… 1,330,000.00
上海华轮贸易有限公司 1,170,010.83 …… …… 1,170,010.83
上海欣兴贸易公司 600,000.00 …… …… 600,000.00
厦门回力工贸公司 2,246,557.67 …… …… 2,246,557.67
海南回力工贸公司 460,707.19 …… …… 460,707.19
美国 SHANGHAI T.R.T.R 公司 1,038,868.12 …… 16961.38 1,021,906.74
小 计 28,760,891.52 389,792.24 28,371,099.28
4、构成合并价差的股权投资差额：
被投资单位名称 初始金额 形成原因 摊销期限 年初余额 本年摊销额 本年其他减少 期末余额
上海白象天鹅电池有限公司 19,971,907.55 购置股权 10 年 13,980,335.31 998,595.36 …… 12,981,739.95
上海制皂(集团)有限公司 25,268,985.30 购置股权 10 年 14,950,816.30 1,263,449.26 …… 13,687,367.04
小计 45,240,892.85 28,931,151.61 2,262,044.62 …… 26,669,106.99
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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（十一）固定资产原价及累计折旧
1、固定资产原价
类别 年初原价 本期增加 本期减少（注） 期末原价
房屋及建筑物 1,203,763,751.28 1,777,600.00 1,205,541,351.28
通用设备 121,938,758.14 --- 13,959,544.12 107,979,214.02
专用设备 2,622,052,180.52 3,004,311.00 10,985,224.29 2,614,071,267.23
运输工具 61,716,297.80 2,670,210.76 1,175,036.03 63,211,472.53
固定资产整修费 449,780.00 --- 449,780.00
经营租入固定资产
改良
1,006,715.33 --- 1,006,715.33
其他 92,319,363.24 12,620,720.64 3,018,923.26 101,921,160.62
小 计 4,103,246,846.31 20,072,842.40 29,138,727.70 4,094,180,961.01
其中：
本年由在建工程转入固定资产原价为 3,355,012.81 元。
本年出售固定资产原价为 14,284,598.91 元。
新增固定资产中尚需支付的金额为 495,060.00 元。
年末抵押的固定资产原价为 396,919,734.86 元。
2、累计折旧
类 别 年初数 本期增加 本期提取 本期减少（注 1） 期末数
房屋及建筑物 312,762,835.45 18,115,005.18 0 330,877,840.63
通用设备 89,556,384.73 4,698,408.22 4,162.82 94,250,630.13
专用设备 1,257,371,346.08 56,260,977.20 8,663,511.42 1,304,968,811.86
运输工具 39,174,993.12 2,659,617.67 871,955.99 40,962,654.80
固定资产整修费 …… 0
经营租入固定资产改
良
286,853.75 0 286,853.75
其他 44,270,745.53 5,720,119.35 1,860,833.76 48,130,031.12
小 计 1,743,423,158.66 87,454,127.62 11,400,463.99 1,819,476,822.29
3、固定资产减值准备
类别 年 初 数 本期增加 本期减少 期 末 数
房屋及建筑物 53,614,789.78 53,614,789.78
通用设备 5,317,389.63 5,317,389.63
专用设备 113,731,394.87 219,662.40 113,511,732.47
运输工具 463,822.92 463,822.92
固定资产整修费
经营租入固定资产改
良
其他 14,009,737.67 2,426.44 14,007,311.23
小 计 187,137,134.87 222,088.84 186,915,046.03
注：本年减少系处置转出所致。
4、已提足折旧仍继续使用的固定资产
类 别 账面原值 累计折旧 账面净值 减值准备 账面净额
房屋及建筑物 9,551,965.45 3,274,469.76 6,277,495.69 6,116,519.43 160,976.26
通用设备 47,874,664.80 42,428,926.28 5,445,738.52 2,629,799.43 2,815,939.09
专用设备 175,885,574.18 156,439,277.34 19,446,296.84 15,037,253.00 4,409,043.84
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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运输工具 23,715,213.61 22,299,336.18 1,415,877.43 275,307.27 1,140,570.16
其他 11,742,458.39 10,697,083.95 1,045,374.44 717,336.30 328,038.14
合计 268,769,876.43 235,139,093.51 33,630,782.92 24,776,215.43 8,854,567.49
（十二）工程物资：
期 末 数 年 初 数
798,319.52 519,984.52
（十三）在建工程
工程项目名称 年初数 本期增加 转入固定资产 其他减少 期 末 数 资金来源
轮胎如皋公司新厂建设 211,532,480.28 162,918,153.56 0.00 0.00 374,450,633.84
金融机构
借款
载重公司子午胎项目 34,594,039.14 46,535,158.81 414,833.50 189,577.92 80,524,786.53
金融机构
借款
大正公司技术改造 859,063.00 1,314,820.88 0.00 0.00 2,173,883.88 其他
大孚厂 F270 设备系统大
修
873,470.99 873,470.99 其他
轮研所基建项目 3,067,635.12 4,297,012.54 1,406,079.31 555,174.44 5,403,393.91 其他
东海工程胎项目 17,613,843.29 684,612.00 1,534,100.00 0.00 16,764,355.29 其他
制皂有限公司技改项目 2,186,356.71 176,836.23 0.00 0.00 2,363,192.94 其他
白象电池新厂房 5,974,528.65 3,153,051.58 684,759.08 35,000.00 8,407,821.15 其他
默特克电源设备 80,897,722.44 199,937.51 0.00 0.00 81,097,659.95 其他
其他 195,440.58 4,205,762.02 645,169.35 124,747.42 3,631,285.83 其他
小计 357,794,580.20 223,485,345.13 4,684,941.24 904,499.78 575,690,484.31
在建工程减值准备
项目名称 年初数
本期减少
（注）
期末数 计提原因
大孚厂 F270 设备系统大修 873,470.99 873,470.99 待动迁
小计 873,470.99 873,470.99
在建工程年末数比年初数增加 217,895,904.11 元，增加比例为 60.90％，增加主要原因为：如
皋 50 万套全钢载重子午胎项目和载重厂 60 万套全钢载重子午胎扩产项目投入增加所致。
（十四）固定资产清理：
期 末 数 年 初 数
-164,425.98 ---
期末余额为固定资产办妥报批手续转入固定资产清理后，尚未清理处置完毕的余额。
（十五）无形资产
项目
摊销
年限
取得
方式
原 值 年 初 数
本期增加
(注)
本期
转出
本期摊
销
累计摊销 期 末 数
剩余摊销
期限
土地使用权
9-60
年
购入 301,170,136.09 86,563,655.05 163,151,500.00 --- 1,593,923.43 22,833,374.84 248,121,231.62 66-461 个月
商标使用权 10-19 年 购入 33,257,838.84 22,685,870.66 --- --- 948,054.60 11,520,022.78 21,737,816.06 54-180 个月
财务软件、
专用技术等
5-10
年
购入 7,046,253.48 5,271,352.16 --- --- 147,000.00 1,921,901.32 5,124,352.16 54-76 个月
合计 341,474,228.41 114,520,877.87 163,151,500.00 --- 2,688,978.03 36,275,298.94 274,983,399.84
注：本年增加系为子公司以支付土地使用金的方式取得土地使用权所致。
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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（十六）长期待摊费用
项 目 原始发生额 年 初 数
本期增加
（注 1）
本期
转出
本期摊销 累计摊销 期 末 数
剩余摊销
期限
水电增容
费
8,273,276.00 832,200.47 118,885.80 7,559,961.33 713,314.67 36 个月
开办费
（注）
4,361,858.46 3,278,243.71 1,083,614.75 4,361,858.46 ---
其他递延
支出
7,363,593.87 910,807.00 227,701.50 6,680,488.37 683,105.50 10 个月
合计 19,998,728.33 5,021,251.18 1,083,614.75 346,587.30 14,240,449.70 5,758,278.63
注：本年增加系为子公司尚属开办期所致。
（十七）其他长期资产
项目 原值 年初余额 本期增加 本期摊销 累计摊销额 期末余额
出租开发产品 16,606,636.60 14,758,369.04 256,636.60 283,202.34 1,874,833.30 14,731,803.30
股权分置流通权 注 786,585.58 786,585.58 786,585.58
合计 17,393,222.18 14,758,369.04 1,043,222.18 283,202.34 1,874,833.30 15,518,388.88
注：系以缩股的方式获得锦江酒店股票的流通权。
（十八）短期借款：
1、 借款类别 期末数 年初数
信用借款 410,063,610.83 44,753,800.00
质押借款（注 1） 99,944,999.99 90,773,519.24
抵押借款（注 1） --- 12,000,000.00
保证借款 1,157,644,294.14 1,327,552,041.58
银行承兑汇票贴现 33,100,340.32
商业承兑汇票贴现（注 2） 145,000,000.00 70,000,000.00
合 计 1,812,652,904.96 1,578,179,701.14
2、注 1：见十/（二）
注 2：为合并范围内公司开具的商业承兑汇票贴现。
3、期末外币借款的外币金额为美元 44,945,253.38 元，折算汇率 7.9956，折合人民币
359,364,267.93 元。
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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4、已到期未偿还的借款：
贷款单位 贷款金额 未按期偿还原因
工商银行长宁支行 2,200,000.00 子公司未办理展期手续
工商银行长宁支行 890,000.00 子公司未办理展期手续
工商银行长宁支行 90,000.00 子公司未办理展期手续
工商银行长宁支行 223,800.00 子公司未办理展期手续
工商银行长宁支行 350,000.00 子公司未办理展期手续
工商银行长宁支行 1,000,000.00 子公司未办理展期手续
合计 4,753,800.00
（十九）应付票据
种类 期末数 年初数
银行承兑汇票 186,607,385.44 79,959,000.00
商业承兑汇票 28,615,473.64 29,875,360.04
合计 215,222,859.08 109,834,360.04
注：应付票据期末比年初增加 105,388,499.04 元，增加的比例为 95.95%，增加的主要原因系母
公司与原材料供应商协定以买方付息贴现的结算方式，从银行开具的银行承兑汇票。
（二十）应付账款
期末数 年初数
625,135,437.62 633,077,304.38
1、年末余额中无欠持本公司 5％以上（含 5％）表决权股份的股东款项。
2、账龄超过三年的大额应付账款有：
债权人名称 金 额 未偿还原因
上海美丽食品公司 43,608,316.67 诉讼
上海联合利华制皂有限公司 24,045,987.52 历年往来
华凌综合贸易公司 2,509,070.10 历年往来
立交技工贸公司 2,029,838.19 历年往来
上海油脂公司 1,006,882.20 诉讼
（二十一）预收账款
期末数 年初数
287,248,797.65 103,280,040.82
1、年末余额中无欠持本公司 5％以上（含 5％）表决权股份的股东欠款。
2、预收账款年末数比年初数增加 183,968,756.83 元，增加比例为 178.13%，主要原因为：子公
司预收货款的增加。
（二十二）其他应付款：
期末数 年初数
404,299,500.47 361,232,145.03
1、年末余额中欠持本公司 5％以上（含 5％）表决权股份的股东欠款为 0 元。
2、金额较大的其他应付款：
债权人名称 金额 性质或内容
长阳路 447 号土地款及补偿金 135,147,046.45 土地款及补偿金
四达花园 16,575,000.00 往来款
工会 13,079,093.99 暂借款
上海泰华出租公司 10,174,466.94 暂借款
上海联合利华有限公司 8,256,273.72 暂借款
合计 183,231,881.10
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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（二十三）应付股利
投资者名称或类别 期末欠付股利金额 欠付原因
法人股股东 849,817.74 尚未支付的股利
（二十四）应交税金
税 种 期 末 数 年 初 数 报告期执行的法定税率
增值税 360,002.00 11,449,800.69 13%、17%
营业税 11,630,895.00 11,669,451.64 3%-5%
消费税 110,957,323.99 138,677,165.61 10%、8%、3%注
城建税 3,200,542.75 3,265,426.50 7%
所得税 1,024,257.00 -796,017.14 15%、27%、33%
个人所得税 225,833.19 844,330.23 ---
房产税 397,754.60 377,758.03 ---
土地增值税 5,760.38 7,508.26 ---
土地使用税 --- ---
合计 127,802,368.91 165,495,423.82
注：2006 年 3 月 21 日，财政部、国家税务总局联合发出通知，对我国现行消费税的
税目、税率进行调整。其中斜交轮胎的税率从原来的 10%降到了 3%，子午线轮胎继续实
行免税政策，本次调整将从 4 月 1 日起开始执行。
1、超过法定纳税期限的应交税款：
税 种 金 额
（1） 增值税 23,424,805.13
其中：
上海天福房地产发展有限公司 650,943.40
上海大孚橡胶公司 13,760,727.64
上海轮胎橡胶（集团）泗泾橡胶有限公司 6,364,343.87
上海轮胎橡胶（集团）东海轮胎有限公司 2,648,790.22
（2） 消费税 108,066,498.23
其中：
上海大孚橡胶公司 6,707,363.79
上海轮胎橡胶（集团）泗泾橡胶有限公司 61,520,734.28
上海轮胎橡胶（集团）股份有限公司 38,271,633.25
上海轮胎橡胶（集团）东海轮胎有限公司 2,566,766.91
（3） 营业税 11,434,970.69
其中：
上海天福房地产发展有限公司 11,434,970.69
（4）城建税 2,527,682.16
其中：
上海大孚橡胶公司 2,493,548.15
上海轮胎橡胶（集团）东海轮胎有限公司 34,134.01
总计 145,453,956.21
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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（二十五）其他应交款
项目 期 末 数 年 初 数 计 缴 标 准
教育费附加 2,640,714.66 2,814,462.88 按应交增值税、营业税的 3％计缴
义务兵优待金 14,213.23 342.54 泗泾按应交增值税、营业税的 1%计缴
堤防费 11,160.32 27,592.30 泗泾按应交增值税、营业税的 0.3%计缴
河道管理费 144,330.64 249,510.18 按应交增值税、营业税的 0.5％计缴
粮食风险基金 --- 60,199.82 原子公司如皋投资按销售收入的 0.1%计缴
合 计 2,810,418.85 3,152,107.72
（二十六）预提费用
类 别 期 末 数 年 初 数 结存原因
利息 6,930,911.61 3,852,025.56 尚未支付的利息
仓储费 30,000.00 应由本期承担尚未支付的费用
运输费 1,620,000.00 应由本期承担尚未支付的费用
大修理费 219,434.75 应由本期承担尚未支付的费用
水电费 3,386,759.01 应由本期承担尚未支付的费用
佣金 2,026,493.57 应由本期承担尚未支付的费用
其他 17,104,168.84 应由本期承担尚未支付的费用
合计 31,317,767.78 3,852,025.56
（二十七）一年内到期的长期负债
项目 期末 数 年 初 数
信用借款 4,700,000.00 4,700,000.00
抵押借款(注) ---
保证借款 747,011,045.54 766,391,729.10
合计 751,711,045.54 771,091,729.10
注：见十/（二）
1、其中逾期借款：
借 款 条 件 金额 未按期偿还原因
中国农业银行上海市分行营业部 7,151,867.25 子公司未办理展期手续
中国建设银行上海市支行 1,908,785.51 子公司未办理展期手续
中国建设银行上海市支行 1,099,031.07 子公司未办理展期手续
中国建设银行上海市支行 1,394,049.99 子公司未办理展期手续
中国建设银行上海市支行 1,802,330.58 子公司未办理展期手续
中国建设银行上海市支行 2,103,281.71 子公司未办理展期手续
中国建设银行上海市支行 5,809,924.79 子公司未办理展期手续
中国建设银行上海市支行 246,480.82 子公司未办理展期手续
中国建设银行上海市支行 142,643.76 子公司未办理展期手续
上海市化工局 4,700,000.00 子公司未办理展期手续
建行四支行 1,788,803.71 子公司未办理展期手续
合计 28,147,199.19
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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（二十八）长期借款
借款条件 期末数 年初数
信用借款 3,291,700.65 3,292,560.00
保证借款 537,312,667.09 497,291,355.09
抵押借款 185,000,000.00 61,000,000.00
合计 725,604,367.74 561,583,915.09
注：其中外币借款的外币金额为：
币种 外币金额 汇率 折合人民币
日元 38,176,190.00 0.069467 2,651,985.39
长期借款年末数比年初数增加 164,020,452.65 元，增加比例为 29.21％，增加原因为：如皋 50
万套载重胎项目增加贷款 174,000,000.00 元，其余减少为子公司归还借款。
（二十九）长期应付款
种类 期末余额 年初余额
华谊集团 93,863,544.23 93,863,544.23
（三十）专项应付款
拨 款 用 途 期 末 数 年 初 数
新产品技术开发专项拨款 1,470,000.00 1,470,000.00
（三十一）股本
期末数 比例％ 年初数 比例％
1、未上市流通股份
发起人股份 601,751,722 67.66 617,767,722 69.46
其中：
国家持有股份 601,751,722 67.66 617,767,722 69.46
其中：国有股 589,841,461 66.32 605,857,461 68.12
国有法人股 11,910,261 1.34 11,910,261 1.34
境内法人持有股份 5,720,000 0.64 5,720,000 0.64
未上市流通股份合计 607,471,722 68.30 623,487,722 70.10
2、已上市流通股份
人民币普通股 38,896,000 4.37 22,880,000 2.57
境内上市的外资股 243,100,000 27.33 243,100,000 27.33
已上市流通股份合计 281,996,000 31.7 265,980,000 29.90
3、股份总数 889,467,722 100.00 889,467,722 100.00
（三十二）资本公积
项 目 年初数 本期增加 本期减少(注) 期末数
股本溢价 369,140,228.50 369,140,228.50
外币资本折算差额 -389,760.00 -389,760.00
接受非现金捐赠资产准备 113,484.77 113,484.77
股权投资准备（注 1） 84,170,121.25 84,170,121.25
其他资本公积 95,456,618.76 95,456,618.76
关联方交易差价 35,766,373.47 35,766,373.47
合计 584,257,066.75 584,257,066.75
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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（三十三）盈余公积
项 目 年初数 本期增加 本期减少（注） 期末数
法定盈余公积 23,129,868.81 23,129,868.81
公益金 13,026,472.99 13,026,472.99
任意盈余公积 4,631,528.64 4,631,528.64
合 计 40,787,870.44 40,787,870.44
（三十四）未确认投资损失
项 目 期末数 年初数
121,338,556.08 121,612,130.30
其中：
上海大孚橡胶有限公司 118,485,667.38 114,728,351.03
上海制皂集团产品销售有限公司 2,706,204.28 2,953,306.37
上海制皂厂 --- 3,930,472.90
上海凌旭油脂储炼有限公司 146,684.42 ---
合 计 121,338,556.08 121,612,130.30
（三十五）未分配利润
项 目 金 额 提取或分配比例
年初未分配利润 87,412,709.03 ---
加：本期净利润 58,863,322.42 ---
加：盈余公积转入
加：资本公积转入
减：提取法定盈余公积 5%
提取法定公益金 5%-10%
提取职工奖励及福利基金 5%
提取任意盈余公积 10%
应付普通股股利(注) 44,473,386.10
期末未分配利润 101,802,645.35 ---
注：应付普通股股利系母公司根据 2005 年度股东大会决议向股东分配利润所致。
（三十六）主营业务收入、主营业务成本
主营业务收入 主营业务成本
项 目
本期发生数 上年同期发生数 本期发生数 上年同期发生数
1.工业 3,542,051,185.90 4,039,644,431.59 3,259,226,250.85 3,635,572,184.17
2.商业 1,760,322,232.07 254,892,689.91 1,706,614,990.04 253,976,809.18
3.房地产业 1,770,300.00 2,319,528.15 887,480.39 1,694,046.89
4.旅游饮食服务业 1,734,337.50 1,723,973.09 270,335.08 319,111.11
小计 5,305,878,055.47 4,298,580,622.74 4,966,999,056.36 3,891,562,151.35
业 务 分 部
公司内各业务分部相互抵销 2,580,392,557.72 1,990,549,274.61 2,580,392,557.72 1,990,549,274.61
合计 2,725,485,497.75 2,308,031,348.13 2,386,606,498.64 1,901,012,876.74
上海地区 5,305,878,055.47 4,298,580,622.74 4,966,999,056.36 3,891,562,151.35
地区分
部
其他地区
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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小计 5,305,878,055.47 4,298,580,622.74 4,966,999,056.36 3,891,562,151.35
公司内各地区分部相互抵销 2,580,392,557.72 1,990,549,274.61 2,580,392,557.72 1,990,549,274.61
合计 2,725,485,497.75 2,308,031,348.13 2,386,606,498.64 1,901,012,876.74
1、公司向前五名客户销售总额为 2,082,341,465.14 元，占公司本年全部主营业务收入的 76.40%。
2、主营业务收入本期比去年同期增加 417,454,149.62 元，增加的比例为 18.09%，增加的主要
原因是 60 万套全钢胎项目投产后增加的主营业务收入。
（三十七）主营业务税金及附加：
项 目 计缴标准 本期发生数 上年同期发生数
营业税 5% 116,857.86 202,175.08
消费税 3%-10% 17,541,550.03 35,283,151.55
城建税 7% 1,164,083.89 1,612,595.11
教育费附加 3% 530,244.25 849,626.00
其他 --- 301.41 27,740.40
合 计 --- 19,353,037.44 37,975,288.14
（三十八）其他业务利润
类 别 本期发生数 上年同期发生数
收 入 成 本 利 润 收 入 成 本 利 润
材料销售 18,079,333.69 18,656,566.24 -577,232.55 12,684,220.06 12,184,763.86 499,456.20
代理业务 0.00 0.00 0.00 238,569.00 36,117.40 202,451.60
废料销售 6,504,464.50 5,342,234.12 1,162,230.38 566,046.53 140,214.91 425,831.62
加工业务 6,484,125.48 8,149,827.02 -1,665,701.54 4,396,055.74 3,562,176.57 833,879.17
商标使用费 8,012,276.89 395,367.65 7,616,909.24 5,830,659.11 298,299.68 5,532,359.43
租赁业务 17,782,264.10 5,298,324.78 12,483,939.32 18,251,115.81 5,447,385.26 12,803,730.55
半制品销售 56,491,850.99 54,155,296.49 2,336,554.50 6,143,569.21 6,107,729.05 35,840.16
技术服务 6,400.00 355.20 6,044.80 33,000.00 1,831.50 31,168.50
米其林服务
收入
24,700,000.00 1,235,000.00 23,465,000.00 19,000,000.00 950,000.00 18,050,000.00
劳务收入 4,343,308.60 3,098,076.79 1,245,231.81 1,181,459.33 566,073.88 615,385.45
其他 1,026,973.22 764,616.49 262,356.73 5,874,014.84 5,812,597.93 61,416.91
合计 143,430,997.47 97,095,664.78 46,335,332.69 74,198,709.63 35,107,190.04 39,091,519.59
其他业务利润本期比去年同期增加 7,243,813.10 元，增加的比例为 18.53%，增加的主要原因
是米其林服务收入比去年同期增加所致。
占报告期利润总额 10%（含 10%）以上的其他业务：
项目 本 期 收 入 本 期 成 本 本 期 利 润
米其林服务收入 24,700,000.00 1,235,000.00 23,465,000.00
租赁业务 17,782,264.10 5,298,324.78 12,483,939.32
商标使用费 8,012,276.89 395,367.65 7,616,909.24
合计 50,494,540.99 6,928,692.43 43,565,848.56
上述其他业务利润，主要根据与上海米其林回力轮胎股份有限公司的协议向其提供、收取商标使
用费 5,000,000.00 元、服务等收入 24,700,000.00 元、租赁收入 900,000.00 元及来自其他单位的商
标使用收入和子公司租赁收入。
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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（三十九）财务费用
类 别 本期发生数 上年同期发生数
利息支出
63,759,704.25
58,080,010.91
减：利息收入 4,605,389.62 3,299,311.84
汇兑损失 9,415,197.05 3,969,547.56
减：汇兑收益 6,012,651.13 1,321,404.20
其 他 2,096087.08 2,025,543.97
合 计 64,652,947.63 59,454,386.40
本期财务费用比去年同期增加 5,198,561.23 元，增加比例为 8.74%，增加的主要原因系贷款增
加和人民银行贷款利率调整及汇率变动所致。
（四十）投资收益
1、本期发生数：
类 别
股票投资
收益
债
权
投
资
收
益
成本法下
确认的股
权投资收
益
权益法下确
认的股权投
资收益
股权投资
差额摊销
股权转让
处置收益
减值准备 合 计
短期投资 --- --- --- --- --- --- --- ---
长期股权
投资
44,015,822.07 2825522.11 -27772883.71 -2,262,044.62 9,953,882.97 389,792.24 27,150,091.06
合计 44,015,822.07 2825522.11 -27772883.71 -2,262,044.62 9,953,882.97 389,792.24 27,150,091.06
2、上年同期发生数：
类 别 股票投资收益
债权
投资
收益
成本法下确
认的股权投
资收益
权益法下确认的
股权投资收益
股权投资差
额摊销
股权转让
处置收益
减值准备 合 计
短期投资 --- --- --- --- --- --- --- ---
长期股权
投资
1,080,000.00 --- 354,863.89 -22,408,308.50 -958,084.91
-1,251,710.43
-325,439.44 -23,508,679.39
合计 1,080,000.00 --- 354,863.89 -22,408,308.50 -958,084.91
-1,251,710.43
-325,439.44 -23,508,679.39
注：股票投资收益与去年同期相比增加 42,935,822.07 万元，增加比例为 3,975.54%，增加的主
要原因系本期转让公司持有浦发银行 900 万股法人股获得的净收益 4,073 万元。
3、本年度所获得的收益占报告期利润总额 10％（含 10％）以上的投资活动：
业 务 内 容 交 易 金 额
权益法下确认的股权投资收益 -27,772,883.71
法人股转让和股利收益 44,015,822.07
股权转让净收益 9,953,882.97
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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（四十一）补贴收入
内容 本期发生数 上年同期发生数 本期发生额说明来源依据
地方财政扶持资金 995,000.00 1,189,192.00 上海市税务局等
合计 995,000.00 1,189,192.00
（四十二）营业外收入
类 别 本期发生数 上年同期发生数
固定资产清理净收益 172,884.55
73,629.78
赔偿及罚款收入 14,184.00
1,400.00
纪委上交款
1,590,754.82
固定资产盘盈 43,000.00
其 他 5,544,973.32
80,951.08
合 计 7,365,796.69
155,980.86
营业外收入本期比上年同期增加 7,209,815.83 元，增加的比例为 4622.24%，增加的主要原因母
子公司处置固定资产、无形资产净收益纪委上交款收入等较去年同期增长综合所致。
（四十三）营业外支出
营业外支出本年比上年数减少 1,834,142.52 元，减少比例为 48.26％，减少的主要原因系去年同期
为中国神马集团有限责任公司提供担保而承担的 3,321,911.65 元的担保损失。
（四十四）收到的其他与经营活动有关的现金 436,982,187.55 元
其中：
项 目 金 额
单位往来 213,605,650.69
利息收入 4,550,435.72
杨浦区土地发展中心 125,978,500.00
其 他 92,847,601.14
类 别 本期发生数 上年同期发生数
固定资产清理净损失 1,724,388.24 260,703.49
计提减值准备 -35,469.98
罚款支出 6,300.64 34,500.00
担保损失 3,321,911.65
安家支农、丧葬抚恤 235,910.15 199,096.39
捐赠 20,000.00
合 计 1,966,599.03 3,800,741.55
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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（四十五）支付的其他与经营活动有关的现金 399,073,462.59 元
主要为：
项 目 金 额
单位往来 166,840,036.23
费用 165,408,879.83
其 他 66,824,546.53
（四十六）支付的其他与投资活动有关的现金 27,861,127.44 元
主要是原子公司上海轮胎橡胶(集团)如皋投资有限公司本期退出合并所致。
七、母公司会计报表主要项目注释：（以下金额单位若未特别注明者均为人
民币元，凡未注明年初数的均为年末数）
（一）应收账款
1、账龄分析
期 末 数 年 初 数
坏账准
备
坏账准
账 龄 备
账面余额
占总额
比例 计提比
例
坏账准备 账面余额
占总额
比例 计提比
例
坏账准备
1 年以内
（注）
833,349,309.91 99.48% 5% 286,704,149.72 730,481,255.55 99.46% 5% 291,180,610.03
1－2 年 302,465.21 0.04% 30% 90,739.56 254,148.12 0.03% 30% 76,244.44
2－3 年 1,385,498.25 0.16% 50% 865,342.82 1,172,893.57 0.16% 50% 759,040.48
3 年以上 2,682,341.15 0.32% 100% 2,682,341.15 2,575,470.03 0.35% 100% 2,575,470.03
合 计 837,719,614.52 100.00% --- 290,342,573.25 734,483,767.27 100.00% --- 294,591,364.98
注：子公司上海轮胎橡胶（集团）供销有限公司净资产出现负数，故母公司对其应收账款
257,757,436.44 元按所占净资产份额计提坏账准备 256,666,937.96 元。子公司上海轮胎橡胶（集
团）股份有限公司轮胎研究所净资产出现负数，故母公司对其应收账款计提坏账准备 5,190,488.07
元。
2、期末应收账款欠款金额前五名的累计总欠款金额为 733,570,484.37 元，占应收账款总金额
的 87.57％。
3、本期全额计提坏账准备，或计提坏账准备比例达到 40％及以上的说明：
债务单位 金额 计提比例 账龄
上海轮胎橡胶（集团）供销有限公司 256,666,937.96 99.58% 1 年以内
4、上述之外应收账款按坏账准备计提政策：1 年以内的应收账款计提 5％坏账准备，
1－2 年的应收账款计提 30％坏账准备，2－3 年的应收账款计提 50％坏账准备，3 年以上的应收账款
计提 100％的坏账准备。
5、年末应收账款中无持本公司 5％以上（含 5％）表决权股份的股东单位欠款。
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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（二）其他应收款
1、账龄分析
期 末 数 年 初 数
账 龄
账面余额
占总额
比例
坏账准备 账面余额
占总额
比例
坏账准备
1 年以内 422,639,613.66 57.15% …… 315,352,256.45 49.89% ……
1－2 年 52,108,164.15 7.05% …… 52,108,164.15 8.24% ……
2－3 年 44,841,080.27 6.06% …… 44,841,080.27 7.09% ……
3 年以上 219,892,638.88 29.74% 19,461,673.73 219,892,638.88 34.78% 19,461,673.73
合 计 739,481,496.96 100.00% 19,461,673.73 632,194,139.75 100.00% 19,461,673.73
2、年末其他应收款欠款金额前五名的累计总欠款金额为 475,815,273.13 元，占其他应收款总
金额的比例为 64.34％。
3、年度全额计提坏账准备，或计提坏账准备比例达到 40％及以上的说明：
欠款性质 欠款金额 计提比例
暂借款 10,538,272.93 100%
担保款 8,118,400.80 100%
预付款 805,000.00 100%
合计 19,461,673.73
4、期末金额较大的其他应收款：
欠款单位名称 金 额 性质或内容
上海双钱碧源置业有限公司 179,441,500.00 暂借款
土地置换款 152,297,829.03 注 1
上海正兴房产有限公司
应收股权转让款
62,767,306.58
48,000,000.00
暂借款
注 2
上海轮胎橡胶(集团)轮胎研究所 43,408,637.52 暂借款
合计 485,915,273.13
注 1：经 2003 年度第一次临时股东大会决议，同意将以下应收款项列入置换计划，故本年未计
提坏账准备（详见附注十二/（二））
注 2：应收如皋投资公司股权转让款，截至报告日已收到 1,700 万元，余款 3,100 万元按约定在 8 月份到
账。
5、期末其他应收款中无持本公司 5％以上（含 5％）表决权股份的股东单位欠款。
（三）长期投资
期 末 数 年 初 数
项 目
账面余额 减值准备 账面余额 减值准备
长期股权投资 759,356,240.47 12,466,344.08 861,699,514.55 12,483,305.46
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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1、长期股权投资
（1） 股票投资：
被投资公司名称 股份类别
股票数量
（股）
占被投资公司
注册资本比例
初始投资成本 期末帐面余额 减值准备 年初帐面余额
浦发银行 法人股 …… 6,000,000.00
三九发展 法人股 1,760 <5% 15,188.80 15,188.80 3,414.40 15,188.80
氯碱化工 法人股 33,880 <5% 265,804.00 265,804.00 92,338.40 265,804.00
百联股份 法人股 173,467 <5% 1,497,020.21 1,497,020.21 563,767.75 1,497,020.21
爱建股份 法人股 208,339 <5% 700,000.00 700,000.00 …… 700,000.00
上海石化 法人股 200,000 <5% 600,000.00 600,000.00 …… 600,000.00
锦江酒店 法人股 8,541,951 <5% 9,000,000.00 9,000,000.00 …… 9,000,000.00
锦江酒店 -786,585.58 -786,585.58
小计 …… …… 11,291,427.43 11,291,427.43 659,520.55 18,078,013.01
（2）其他股权投资：
A、成本法核算的股权投资：
被投资单位名称
占被投资单位注册
资本比例
年初余额 本年投资增减额 期末帐面余额
上海钢丝厂技术开发公司(注 1) 2.00% 31,905.29 …… 31,905.29
上海森懋实业公司 17.00% 2,076,061.94 …… 2,076,061.94
中国北美轮胎销售公司 44.00% 3,606,724.44 …… 3,606,724.44
辽宁上海轮胎橡胶联营公司（注 1） 50.00% 500,000.00 …… 500,000.00
上海长银工茂公司（注 1） …… 1,000,000.00 …… 1,000,000.00
远东经济实业总公司（注 1） 3.00% 30,000.00 …… 30,000.00
中国中联橡胶总公司 …… 1,050,000.00 …… 1,050,000.00
上海化工工程技术咨询监理公司 12.50% 150,000.00 …… 150,000.00
上海文化实业总公司（注 1） 7.50% 1,500,000.00 …… 1,500,000.00
上海生生轮胎模具有限公司 15.00% 600,000.00 …… 600,000.00
交通银行 <5% 1,900,000.00 …… 1,900,000.00
申银万国证券股份有限公司公司（注
3）
<5%12,500,000.00 …… 12,500,000.00
长江经济联合发展（集团）股份有限公
司
<5% 2,800,000.00 …… 2,800,000.00
上海国际信托投资公司 <5%23,333,300.00 …… 23,333,300.00
海通证券股份有限公司 <5%10,200,000.00 …… 10,200,000.00
上海宝鼎投资股份有限公司 <5% 625,000.00 …… 625,000.00
小计 …… 61,902,991.67 61,902,991.67
注 1：已计提减值准备，账面净额为零。
注 2：股权转让。
注 3：计提 40%的减值准备。
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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B. 权益法核算的对子公司股权投资：
本年权益增减额 年末余额
投资单位名称 其中
占被投资
单位注册
资本比例
年初余额
本年合计
投资成本 确认收益 投资准备 差额摊销
初始投资 累计增减 合计
上海制皂(集
团)有限公司
60.00% 179,721,098.94 -7,459,895.52 9,907,394.14 -16,103,840.40 -1,263,449.26 180,000,000.00 -7,738,796.58 172,261,203.42
上海轮胎橡胶
（集团）股份
有限公司轮胎
研究所
100.00% 1,570,146.86 -1,570,146.86 …… -1,570,146.86 …… …… 30,000,000.00 -30,000,000.00
上海轮胎橡胶
（集团）如皋
投资有限公司
81.83% 68,538,929.24 -68,538,929.24 -68,538,929.24 …… 71,600,000.00 -71,600,000.00
上海轮胎橡胶
（集团）如皋
有限公司
51.67% 148,931,068.96 6,108,261.95 6,108,261.95 …… 155,036,890.00 2,440.91 155,039,330.91
上海轮胎橡胶
（集团）供销
有限公司（注
1）
90.48% …… …… …… …… …… …… 19,000,000.00 -19,000,000.00 ……
上海大孚橡胶
有限公司（注
5）
90.00% -3,670,000.00 …… …… …… …… …… 33,000,000.00 -36,670,000.00 -3,670,000.00
上海欣业实业
有限公司
90.00% 47,914,151.77 2,935,621.51 …… 2,935,621.51 …… …… 131,022,000.00 -80,172,226.72 50,849,773.28
上海轮胎橡胶
（集团）泗泾
橡胶有限公司
79.75% 7,271,558.96 3,037,037.02 …… 3,037,037.02 …… …… 22,736,735.00 -12,428,139.02 10,308,595.98
上海轮胎橡胶
（集团）东海
轮胎有限公司
65.00% 33,999,079.65 74,517.96 …… 74,517.96 …… …… 9,542,000.00 24,531,597.61 34,073,597.61
上海双钱碧源
置业有限公司
90.00% 9,000,000.00 …… …… …… …… …… 9,000,000.00 …… 9,000,000.00
海口浮华轮胎
销售公司
90.00% 3,239,420.82 …… …… …… …… …… 1,800,000.00 1,439,420.82 3,239,420.82
上海轮胎橡胶
机械模具有限
公司（注 5）
43.68% -3,767,298.53 …… …… …… …… …… 22,497,487.86 -26,264,786.39 -3,767,298.53
上海轮胎橡胶
（集团）联营
公司
59.67% 3,701,352.26 456,871.12 500,000.00 -43,128.88 …… …… 3,300,000.00 858,223.38 4,158,223.38
上海橡胶工业
供销公司（注
1）
94.12% …… …… …… …… …… …… 8,000,000.00 -8,000,000.00 ……
厦门回力工贸
公司（注 2）
100.00% 2,246,557.67 …… …… …… …… …… 1,600,000.00 646,557.67 2,246,557.67
海南回力工贸
公司（注 2）
100.00% 460,707.19 …… …… …… …… …… 900,000.00 -439,292.81 460,707.19
美国
SHANGHAI
T.R.T.R 公司
（注 2）
70.00% 1,038,868.12 -16,961.38 -16,961.38 …… …… …… 1,218,280.00 -196,373.26 1,021,906.74
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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上轮劳动服务
有限公司（注
3）
80.00% 92,459.90 5,317.31 5,317.31 …… …… 80,000.00 17,777.21 97,777.21
小计 500,288,101.81 -64,968,306.13 -58,148,496.48 -5,556,360.39 -1,263,449.26 700,333,392.86 -265,013,597.18 435,319,795.68
注 1：被投资公司的净资产负数，长期投资核算至零。
注 2：已全额计提减值准备。
注 3：本年新增投资。
注 4：股权转让。
注 5：被投资公司的净资产负数，长期投资按合并范围控制比例核算。
注 6：法院破产程序终结注销。
C．权益法核算的对联营企业股权投资：
本年权益增减额 年末余额
其中
被投资单
位名称
占被投资
单位注册
资本比例
年初余额
本年合计
投资成本 确认收益 差额摊销 分得利润
初始投资 累计增减 合计
泰国华泰
橡胶公司
40.00% 4,945,209.23 …… …… …… …… …… 6,927,680.00 -1,982,470.77 4,945,209.23
上海新轮
联合发展
有限公司
40.00% 102,029,480.32 -24,867,323.82 …… -24,867,323.82 …… 90,247,200.00 -13,085,043.50 77,162,156.50
上海米其
林回力轮
胎有限公
司（注
4）
28.49% 105,610,895.12 -5,998,423.51 -5,533,446.23 -464,977.28 274,415,680.00 -174,803,208.39 99,612,471.61
上海钢丝
厂浦东拉
丝模厂
49.00% 568,356.37 -8,431.26 …… 740.23 -9,171.49 1,038,800.00 -478,874.89 559,925.11
上海神马
帘子布有
限公司
（注 1）
22.47% …… …… …… …… …… …… 10,989,306.82 -10,989,306.82 ……
上海钢丝
厂工贸公
司（注
2）
40.00% 15,746.64 …… …… …… …… …… 39,191.22 -23,444.58 15,746.64
上海巴士
交大网球
俱乐部有
限公司(注
3)
30.43% 7,260,720.38 -601,236.52 -601,236.52 …… …… 7,000,000.00 -340,516.14 6,659,483.86
上海双钱
轮胎销售
有限公司
（注 3）
35.06% 61,000,000.00 887,032.74 887,032.74 …… …… 61,000,000.00 887,032.74 61,887,032.74
小计 …… 281,430,408.06 -30,588,382.37 -30,114,233.60 -474,148.77 451,657,858.04 -200,815,832.35 250,842,025.69
注 1：被投资公司的净资产负数，长期投资核算至零。
注 2：已全额计提减值准备。
注 3：本年新增投资。
注 4：本年追加投资。
D．其中：股权投资差额：
被投资单位名称 初始金额 形成原因 摊销期限 年初余额 本年摊销额 年末余额
上海米其林回力轮胎有限公司 9,299,545.57 购置股权 10 年 4,882,261.41 464,977.28 4,417,284.13
上海钢丝厂浦东拉丝模厂 183,429.84 兼并 10 年 55,028.98 9,171.49 45,857.49
上海制皂(集团)有限公司 25,268,985.30 购置股权 10 年 14,950,816.30 1,263,449.26 13,687,367.04
小 计 34,751,960.71 19,888,106.69 1,737,598.03 18,150,508.66
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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2、长期投资减值准备
被投资单位名称 年 初 数 本年增加 本年减少 年 末 数
股票投资 659,520.55 659,520.55
申银万国证券股份有限公司公司 5,000,000.00 …… 5,000,000.00
上海钢丝厂技术开发公司 31,905.29 …… …… 31,905.29
辽宁上海轮胎橡胶联营公司 500,000.00 …… …… 500,000.00
上海长银工茂公司 1,000,000.00 …… …… 1,000,000.00
远东经济实业总公司 30,000.00 …… …… 30,000.00
上海文化实业总公司 1,500,000.00 …… …… 1,500,000.00
上海钢丝厂工贸公司 15,746.64 …… …… 15,746.64
厦门回力工贸公司 2,246,557.67 …… …… 2,246,557.67
海南回力工贸公司 460,707.19 …… …… 460,707.19
美国 SHANGHAI T.R.T.R 公司 1,038,868.12 …… 16,961.38 1,021,906.74
小计 12,483,305.46 16,961.38 12,466,344.08
（四）主营业务收入及主营业务成本：
主营业务收入 主营业务成本
项目
本期发生数 上年同期发生数 本期发生数 上年同期发生数
工业 2,236,278,733.86 1,667,310,082.80 2,077,420,193.75 1,443,121,165.49
主营业务收入本期比去年同期增加 568,968,651.06 元，增加的比例为 34.12%，增加的主要原因
是母公司 60 万套、20 万套全钢胎项目全面投产而增加的主营业务收入。
（五）管理费用：
本期发生金额 去年同期发生金额 本期比去年同期增减
管理费用 63,351,388.41 38,457,158.53 24,894,229.88
本期比去年同期增加 24,894,229.88 元，增加的主要原因为：
公司全资子公司供销公司本期盈利 1,102.64 万元，母公司冲减历年来对其计提的坏帐准备而使
管理费用下降；而去年同期此因素冲减管理费用 3873.25 万元，二者相差 2,770.61 万元，这是本期
管理费用比去年同期增加的主要原因。
（六）投资收益：
1、 本期发生数：
股票投资收益
成本法下确认的
股权投资收益
权益法下确认的股
权投资收益
股权投资
差额摊销
股权转让
收 益
减值准备 合 计
长期股权投资 43,935,083.65 2585827.79 -35,680,593.99
-
1,737,598.03
9,953,882.97 16,961.38 19,073,563.77
2、上年同期发生数：
类别 股票投资收益
成本法下确
认的股权投
权益法下确认的股
权投资收益
股权投资
差额摊销
股权转让
收 益
减值准备 合 计
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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资收益
长期股权投资
1,080,000.0
0
-38,252,327.16
-4,357,586.80
-41,529,913.96
注：股票投资收益与去年同期相比增加 42,855,083.65 元，增加比例为 3,968.06%，增加的主要
原因系本期转让公司持有浦发银行 900 万股法人股获得的净收益 4,073 万元。
3、本年度所获得的收益占报告期利润总额 10％（含 10％）以上的投资活动：
业 务 内 容 交 易 金 额
权益法下确认的股权投资收益 -33,094,766.20
法人股转让和股利收益 43,935,083.65
股权转让净收益 9,953,882.97
注：权益法下确认的投资收益详见七、母公司会计报表主要项目注释附注(三)/1/(2)/B、C 本期权益
增减额－确认收益。
八、关联方关系及其交易：
（二）存在控制关系的关联方情况：
1、存在控制关系的关联方
（1）控制本公司的关联方：
企业名称 注册地址 主营业务 与本企业关系 经济性质或类型 法定代表人
上海华谊（集团）公司 徐家汇路 560 号
授权范围内的国有
资产经营与管理
控股 国有企业（非公司法人） 张培璋
（2）受本公司控制的关联方：
详见附注四。
1、控制关系的关联方的注册资本及其变化（金额单位：元）：
企 业 名 称 年 初 数 本 年 增 加 本 年 减 少 年 末 数
上海华谊（集团）公司 3,281,080,000.00 --- --- 3,281,080,000.00
上海制皂（集团）有限公司 160,690,000.00 --- --- 160,690,000.00
上海轮胎橡胶（集团）股份公司轮胎研究所 30,000,000.00 --- --- 30,000,000.00
上海轮胎橡胶（集团）如皋投资有限公司 注 3 87,500,000.00 --- ---
上海轮胎橡胶（集团）如皋有限公司 注 4 USD34,705,819.00 USD1,564,181.00 USD36,270,000.00
上海轮胎橡胶(集团)供销有限公司 21,000,000.00 --- 21,000,000.00
上海大孚橡胶有限公司 36,670,000.00 --- --- 36,670,000.00
上海欣业实业有限公司 145,580,000.00 --- --- 145,580,000.00
上海轮胎橡胶（集团）泗泾橡胶有限公司 28,510,000.00 --- --- 28,510,000.00
上海轮胎橡胶（集团）东海轮胎有限公司 14,680,000.00 --- --- 14,680,000.00
上海双钱碧源置业有限公司 10,000,000.00 --- --- 10,000,000.00
海口孚华轮胎销售公司 2,000,000.00 --- --- 2,000,000.00
上海轮胎橡胶机械模具有限公司 18,000,000.00 --- --- 18,000,000.00
上海轮胎橡胶（集团）联营公司 5,070,000.00 --- --- 5,070,000.00
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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上海橡胶工业供销公司 8,500,000.00 --- --- 8,500,000.00
厦门回力工贸公司 1,600,000.00 --- --- 1,600,000.00
海南回力工贸公司 900,000.00 --- --- 900,000.00
美国 SHANGHAIT.R.T.R 公司 USD200,000.00 --- --- USD200,000.00
上轮劳动服务有限公司 100,000.00 --- 100,000.00
上海轮胎橡胶（集团）公司房地产开发经营公司 20,000,000.00 --- --- 20,000,000.00
上海天福房地产发展有限公司 USD11,400,000.00 --- --- USD11,400,000.00
上海爱化测试仪器维修站 30,000.00 --- --- 30,000.00
深圳上轮贸易有限公司 1,100,000.00 --- --- 1,100,000.00
上海上联化工实业公司 3,810,000.00 --- --- 3,810,000.00
上海正力橡胶工贸公司 1,004,000.00 --- --- 1,004,000.00
上海碳酸钙厂 1,082,000.00 --- --- 1,082,000.00
上海总联橡胶实业公司 1,060,000.00 --- --- 1,060,000.00
上海正华工贸公司 1,000,000.00 --- --- 1,000,000.00
上海欣业广告公司 500,000.00 --- --- 500,000.00
上海欣明橡胶厂 1,500,000.00 --- --- 1,500,000.00
上海宝轮实业公司 500,000.00 --- --- 500,000.00
上海敦信贸易有限公司 1,800,000.00 --- --- 1,800,000.00
上海泰华出租公司 3,500,000.00 --- --- 3,500,000.00
上海华轮贸易有限公司 1,700,000.00 --- --- 1,700,000.00
上海回力宾馆 4,000,000.00 --- --- 4,000,000.00
上海双力物业管理有限公司 500,000.00 --- --- 500,000.00
上海龙泰精细橡胶公司 11,250,000.00 --- --- 11,250,000.00
上海福浦橡胶有限公司 3,000,000.00 --- --- 3,000,000.00
上海轮胎橡胶（集团）房屋交换部 500,000.00 --- --- 500,000.00
天开计算机系统有限公司 1,000,000.00 --- --- 1,000,000.00
上海白象天鹅电池有限公司 35,000,000.00 --- --- 35,000,000.00
上海制皂集团产品销售有限公司 10,000,000.00 --- --- 10,000,000.00
上海制皂厂 94,360,000.00 --- --- 94,360,000.00
上海油墨厂 17,282,000.00 --- --- 17,282,000.00
上海凌旭油脂储炼有限公司 USD700,000.00 --- --- USD700,000.00
上海牡丹油墨有限公司 85,000,000.00 --- --- 85,000,000.00
上海克勒色母粒化工有限公司 USD3,000,000.00 --- --- USD3,000,000.00
四川克勒联营公司 2,000,000.00 --- --- 2,000,000.00
上海制皂（绵阳）有限公司 4,000,000.00 --- --- 4,000,000.00
上海制皂有限公司 USD41,950,000.00 --- --- USD41,950,000.00
上海欣兴贸易公司 600,000.00 --- --- 600,000.00
Moltech power systems inc. USD10,000.00 --- --- USD10,000.00
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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默特克电源（上海）有限公司 注 1 USD18,505,000.00 USD18,505,000.00
默特克电源（如皋）有限公司 注 2 USD9,300,000.00 --- --- USD9,300,000.00
MoltechHoldings Corporation USD50,000.00 --- --- USD50,000.00
Moltechpower systems European operations USD233,000.00 --- --- USD233,000.00
上海浦东四达花园 注 4 15,925,000.00 16,575,000.00 32,500,000.00
注 1：注册资本 USD25,000,000.00 元，实到 USD18,505,000.00 元。
注 2：注册资本 USD12,000,000.00 元，实到 USD9,300,000.00 元。
注 3：本期股权转让。
注 4：本期追加投资。
2、存在控制关系的关联方所持股份及其变化（金额单位：元）
企业名称 年 初 数 本年增加数 本 年 减 少 年 末 数
金额 ％ 金额 金额 金额 ％
上海华谊（集团）公司 605,857,461.00 68.11 --- 16,016,000.00 589,841,461.00 66.31
上海制皂（集团）有限公司 96,414,000.00 60.00 --- --- 96,414,000.00 60.00
上海轮胎橡胶（集团）股份公司轮胎研究所 30,000,000.00 100.00 --- --- 30,000,000.00 100.00
上海轮胎橡胶（集团）如皋投资有限公司 注 1 71,600,000.00 81.83 --- 71,600,000.00 ---
上海轮胎橡胶（集团）如皋有限公司 注 2 USD27,202,500.00 75.00 USD1,564,181.00 USD36,270,000.00 51.67
上海轮胎橡胶(集团)供销有限公司 21,000,000.00 100.00 --- --- 21,000,000.00 100.00
上海大孚橡胶有限公司 36,670,000.00 100.00 --- --- 36,670,000.00 100.00
上海欣业实业有限公司 145,580,000.00 100.00 --- --- 145,580,000.00 100.00
上海轮胎橡胶（集团）泗泾橡胶有限公司 22,736,725.00 79.75 --- --- 22,736,725.00 79.75
上海轮胎橡胶（集团）东海轮胎有限公司 9,542,000.00 65.00 --- --- 9,542,000.00 65.00
上海双钱碧源置业有限公司 9,000,000.00 90.00 --- --- 9,000,000.00 90.00
海口孚华轮胎销售公司 1,800,000.00 90.00 --- --- 1,800,000.00 90.00
上海轮胎橡胶机械模具有限公司 9,180,000.00 51.00 --- --- 9,180,000.00 51.00
上海轮胎橡胶（集团）联营公司 3,869,914.00 69.62 --- --- 3,869,914.00 69.62
上海橡胶工业供销公司 8,000,000.00 94.12 --- --- 8,000,000.00 94.12
厦门回力工贸公司 1,600,000.00 100.00 --- --- 1,600,000.00 100.00
海南回力工贸公司 900,000.00 100.00 --- --- 900,000.00 100.00
美国 SHANGHAIT.R.T.R 公司 USD140,000.00 70.00 --- --- USD140,000.00 70.00
上轮劳动服务有限公司 80,000.00 80.00 --- 80,000.00 80.00
上海轮胎橡胶（集团）公司房地产开发经营公
司
20,000,000.00 100.00 --- --- 20,000,000.00 100.00
上海天福房地产发展有限公司 USD6,840,000.00 60.00 --- --- USD6,840,000.00 60.00
上海爱化测试仪器维修站 30,000.00 100.00 --- --- 30,000.00 100.00
深圳上轮贸易有限公司 1,100,000.00 100.00 --- --- 1,100,000.00 100.00
上海上联化工实业公司 3,810,000.00 100.00 --- --- 3,810,000.00 100.00
上海正力橡胶工贸公司 1,004,000.00 100.00 --- --- 1,004,000.00 100.00
上海碳酸钙厂 1,082,000.00 100.00 --- --- 1,082,000.00 100.00
上海总联橡胶实业公司 1,060,000.00 100.00 --- --- 1,060,000.00 100.00
上海正华工贸公司 1,000,000.00 100.00 --- --- 1,000,000.00 100.00
上海欣业广告公司 500,000.00 100.00 --- --- 500,000.00 100.00
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
67
上海欣明橡胶厂 1,420,050.00 94.67 --- --- 1,420,050.00 94.67
上海宝轮实业公司 400,000.00 80.00 --- --- 400,000.00 80.00
上海敦信贸易有限公司 1,499,940.00 83.33 --- --- 1,499,940.00 83.33
上海泰华出租公司 3,150,000.00 90.00 --- --- 3,150,000.00 90.00
上海华轮贸易有限公司 1,500,080.00 88.24 --- --- 1,500,080.00 88.24
上海回力宾馆 3,200,000.00 80.00 --- --- 3,200,000.00 80.00
上海双力物业管理有限公司 450,000.00 90.00 --- --- 450,000.00 90.00
上海龙泰精细橡胶公司 6,000,000.00 53.33 --- --- 6,000,000.00 53.33
上海福浦橡胶有限公司 2,400,000.00 80.00 --- --- 2,400,000.00 80.00
上海轮胎橡胶（集团）房屋交换部 500,000.00 100.00 --- --- 500,000.00 100.00
天开计算机系统有限公司 800,000.00 80.00 --- --- 800,000.00 80.00
上海白象天鹅电池有限公司 35,000,000.00 100.00 --- --- 35,000,000.00 100.00
上海制皂集团产品销售有限公司 10,000,000.00 100.00 --- --- 10,000,000.00 100.00
上海制皂厂 94,360,000.00 100.00 --- --- 94,360,000.00 100.00
上海油墨厂 17,282,000.00 100.00 --- --- 17,282,000.00 100.00
上海凌旭油脂储炼有限公司 USD456,890.00 65.27 --- --- USD456,890.00 65.27
上海牡丹油墨有限公司 85,000,000.00 100.00 --- --- 85,000,000.00 100.00
MoltechHoldingsCorporation USD35,000.00 70.00 --- --- USD35,000.00 70.00
上海克勒色母粒化工有限公司 USD1,800,000.00 60.00 --- --- USD1,800,000.00 60.00
四川克勒联营公司 1,020,000.00 51.00 --- --- 1,020,000.00 51.00
上海制皂（绵阳）有限公司 2,200,000.00 55.00 --- --- 2,200,000.00 55.00
上海制皂有限公司 USD31,462,500.00 75.00 --- ---
USD31,462,500.00
75.00
默特克电源（上海）有限公司 USD18,505,000.00 100.00
USD18,505,000.00
100.00
上海欣兴贸易公司 600,000.00 100.00 --- --- 600,000.00 100.00
默特克电源（如皋）有限公司 USD9,300,000.00 100.00 --- --- USD9,300,000.00 100.00
Moltech power systems inc. USD10,000.00 100.00 --- --- USD10,000.00 100.00
Moltechpower systems European operations USD233,000.00 100.00 --- --- USD233,000.00 100.00
上海浦东四达花园 拄 2 15,925,000.00 49.00 16,575,000.00 32,500,000.00 100.00
注 1：本期股权转让。
注 2：本期追加投资。
（二）不存在控制关系的关联方情况：
企 业 名 称 与本公司的关系
上海橡胶助剂厂 同受母公司控制
上海焦化有限公司 同受母公司控制
上海正兴房地产有限公司 联营企业
上海神马帘子布有限公司 联营企业
上海森懋实业有限公司 联营企业
China Manufacturers Alliance,LLC
（中国北美轮胎销售公司）
联营企业
上海米其林回力轮胎股份有限公司 联营企业
上海沪轮轮胎橡胶有限公司 联营企业
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
68
上海制皂（集团）如皋有限公司 联营企业
上海敦煌制罐厂 联营企业
上海奉平民政实业有限公司华利颜料厂 联营企业
上海敦信贸易有限公司 联营企业
上海碳酸钙厂 联营企业
上海科欣化学助剂有限公司 联营企业
上海生生轮胎模具有限公司 联营企业
泰国华泰橡胶公司 联营企业
上海制皂厂海南联合分厂 联营企业
上海橡机一厂 联营企业
上海双钱轮胎销售有限公司 联营企业
（三）关联方交易：
1、存在控制关系且已纳入本公司合并会计报表范围的子公司，其相互间交易及母子
公司交易已作抵销。
2、向关联方采购货物：
（1）交易规模：
企业名称 本年度金额 上年度金额
上海碳酸钙厂 84,885.32 85,200.00
泰国华泰橡胶公司 1,390,618.67 36,981,573.75
上海米其林回力轮胎股份有限公司 482,126.90
上海焦化有限公司 29,589,315.85 30,426,190.68
上海奉平民政实业有限公司华利颜料厂 1,202,633.40 8,274,762.99
上海橡胶助剂厂 681,480.00 685,647.00
上海制皂(集团)如皋有限公司 63,846,442.10 11,439,244.61
合计 97,277,502.24 87,892,619.03
（2）采购价格的确定依据为市场价。
3、向关联方销售货物：
（1）交易规模：
企业名称 本年度金额 上年度金额
China Manufacturers Alliance,LLC（中国
北美轮胎销售公司）
USD56,093,173.73 USD34,319,024.01
上海米其林回力轮胎股份有限公司 30,599,999.98 30,200,132.78
上海轮胎橡胶（集团）联营公司 230,700.00
上海沪轮轮胎橡胶有限公司 2,663,412.14 1,756,297.45
上海奉平民政实业有限公司华利颜料厂 1,000,000 6,223,805.30
上海双钱轮胎销售有限公司 1,546,562,670.66
上海制皂(集团)如皋有限公司 12,957,474.47 ---
美元小计
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
69
USD56,093,173.73 USD34,319,024.01
人民币小计 1,594,014,257.25 38,180,235.38
合计 1,942,867,744.01 322,221,637.60
（2）关联方交易价格的确定依据为市场价。
4、关联方往来款项余额：
金额
项 目
本年金额 上年金额
应收帐款：
上海制皂厂海南联合日化分厂 572,351.94 572,351.94
中国北美轮胎销售公司 348,853,486.76 282,824,366.06
上海制皂（绵阳）有限公司 --- 264,624.00
上海正力橡胶工贸公司 1,403,628.66 1,403,628.66
上海正华工贸公司 306,022.91 306,022.91
上海华轮贸易有限公司 3,318,657.07
海南回力工贸公司 1,603,185.50 2,434,929.66
上海敦信贸易有限公司 524,818.45
上海福浦橡胶有限公司 347,410.58 347,410.58
上海制皂（集团）如皋有限公司 12,957,474.47 40,595,851.73
厦门回力工贸公司 319,105.60
小计 366,043,560.82 332,911,766.66
其他应收款：
海南回力工贸公司 100,946.83 100,946.83
上海宝轮实业公司 142,925.82 142,925.82
上海奉平民政实业有限公司华利颜料厂 1,000,000.00 1,000,000.00
上海沪轮橡胶有限公司 ---
上海华轮贸易有限公司 ---
上海回力宾馆 2,457,370.76 2,453,795.19
上海克勒艺术雕刻有限公司 921,252.10
上海龙泰精细橡胶公司 49,004,727.62 49,699,806.60
上海轮胎橡胶机械模具有限公司 19,891,738.72 17,519,908.72
上海森懋实业公司 408,061.47 411,696.45
上海上联化工实业公司 1,311,253.70 1,311,253.70
上海神马帘子布有限公司 128,599.50 128,599.50
上海碳酸钙厂 1,692,321.49 1,772,320.49
上海橡胶工业供销公司 716,073.00 618,573.00
上海正华工贸公司 1,599,198.40 1,599,198.40
上海正力橡胶工贸公司 72,827.41 72,827.41
上海正兴房产有限公司（注） 62,767,306.58 62,880,076.98
上海制皂（集团）如皋有限公司 2,760,789.43 12,229,674.09
上海制皂（绵阳）有限公司 19,564.64 ---
上海总联橡胶实业公司 14,325,630.38 14,325,630.38
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
70
厦门回力工贸公司 3,688.30 3,688.30
上海轮胎橡胶（集团）房屋交换部 13,723.38
上海敦煌制罐厂 320,650.14 320,650.14
上海欣兴贸易有限公司 92,170.00
小计 158,723,674.19 167,618,717.48
预付账款：
泰国华泰橡胶公司 13,444,436.71
小计 13,444,436.71
应付账款
上海天开计算机系统有限公司 529,107.72 529,107.72
上海敦煌制罐厂 1,123,387.00
上海福浦橡胶有限公司 8,690.29 8,690.29
上海奉平民政实业有限公司华利颜料厂 1,202,633.40 ---
上海科欣化学助剂有限公司 101,357.58
上海橡胶一厂 235,796.30
上海制皂（绵阳）有限公司 353,328.00
上海制皂（集团）如皋有限公司 27,429,769.83 572,507.87
上海焦化有限公司 34,619,499.55 6,728,327.50
上海助剂厂 681,480.00 147,728.23
上海碳酸钙厂 99,315.83 55,099.73
上海爱化测试仪器维修站 7,000.00
上海轮胎橡胶机械模具有限公司 200,000.00
上海正兴房地产有限公司 664,829.39
小计 64,570,496.62 10,727,159.61
其他应付款
上海双力物业管理有限公司 375,796.78 10,707,935.13
厦门回力工贸公司 133,410.36 133,410.36
深圳上轮贸易有限公司 31,849.70 31,849.70
上海敦信贸易有限公司 1,545,253.61 ---
上海欣明橡胶厂 514,336.03 514,336.03
上海欣兴贸易公司 751,502.14 ---
上海华轮贸易有限公司 1,068,276.61 25,000.00
海口孚华轮胎销售有限公司 3,241,429.78 3,241,429.78
上海正兴房产有限公司 600,000.00
上海敦煌制罐厂 7,932.20
上海沪轮橡胶有限公司 5,000.00
上海泰华出租汽车有限公司 10,174,466.95
上海橡胶助剂厂 197,060.00
上海橡胶工业供销公司 25,050.00
上海制皂（集团）如皋有限公司 10,000.00
小计 7,661,855.01 25,673,470.15
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
71
预收账款
上海华轮贸易有限公司 973,726.39 973,726.39
上海沪轮轮胎橡胶有限公司 6,972,763.51 10,128,533.51
小计 7,946,489.90 11,102,259.90
5、其他关联方交易事项：
根据与上海米其林回力轮胎股份有限公司签订的协议，公司向上海米其林回力轮胎股份有限公
司提供商标使用权，场地及其服务,收取商标使用费 5,000,000.00 元，服务收入 24,700,000.00 元及
租赁收入 900,000.00 元。
（四）为关联方提供担保情况：
详见附注九。
九、或有事项：
1、 截止 2006 年 06 月 30 日前已决诉讼情况说明
（1） 上海轮胎橡胶（集团）供销有限公司诉新疆维吾尔族自治区第九运输公司一案，已于 2006 年 4 月 11 日判
决，判决被告给付原告 6562780.00 元，目前该案尚在执行中。
（2） 上海轮胎橡胶（集团）供销有限公司诉广东电白县沪贸轮胎有限公司一案，已于 2006 年 5 月 20 日判决，判
决被告给付原告 1095148.49 元，目前该案尚在执行中。
（3） 上海轮胎橡胶（集团）供销有限公司诉南宁地区双钱轮胎有限责任公司一案，已于 2006 年 3 月 1 日判决，
判决被告给付原告 2456668.03 元，目前该案尚在执行中。
（4） 上海轮胎橡胶（集团）供销有限公司诉青岛上青橡胶轮胎经营有限公司一案，已于 2006 年 2 月 21 日判决，
判决被告给付原告 4929616.45 元，目前该案尚在执行中。
（5） 上海轮胎橡胶（集团）供销有限公司诉商丘市回力双钱轮胎销售有限公司一案，已于 2005 年 1 月 11 日异地
起诉，诉讼标的 2428772.95 元。由于起诉阶段该被告已吊销，经考虑暂予以撤诉，待核实其财产证据后，
另行起诉。
（6） 上海轮胎橡胶（集团）供销有限公司诉余姚市东江工贸有限公司一案，已于 2005 年 1 月 26 日异地起诉，诉
讼标的 4404106.49 元。由于起诉阶段该被告已吊销，经考虑暂予以撤诉，待核实其财产证据后，另行起
诉。
(三) 截止 2006 年 6 月 30 日公司为关联方及其他单位提供债务担保形成
的或有负债：
截止 2006 年 6 月 30 日公司为关联方及其他单位提供债务担保情况：
关联方：
担保单位 被担保单位 担保金额 币种 到期日
上海轮胎橡胶(集团)股份有限公司 上海东海轮胎有限公司 10,000,000.00 RMB 2006.03.28-2007.03.30
上海轮胎橡胶(集团)股份有限公司 上海东海轮胎有限公司 4,000,000.00 RMB 2005.10.19-2006.10.13
上海轮胎橡胶(集团)股份有限公司 上海制皂(集团)有限公司 22,000,000.00 RMB 2002.10.21-2006.10.20
上海轮胎橡胶(集团)股份有限公司 上海制皂有限公司 27,000,000.00 RMB 2005.03.24-2006.10.18
上海轮胎橡胶(集团)股份有限公司 上海制皂有限公司 1,800,000.00 RMB 2005.04.29-2006.09.12
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
72
上海轮胎橡胶(集团)股份有限公司 上海制皂有限公司 7,200,000.00 RMB 2005.04.30-2006.11.15
上海轮胎橡胶(集团)股份有限公司 上海轮胎橡胶(集团)如皋公司 50,000,000.00 RMB 2004.09.24-2009.09.23
上海轮胎橡胶(集团)股份有限公司 上海轮胎橡胶(集团)如皋公司 42,000,000.00 RMB 2005.11.29-2006.11.17
上海轮胎橡胶(集团)股份有限公司 上海轮胎橡胶(集团)如皋公司 40,000,000.00 RMB 2006.03.15-2007.03.27
上海轮胎橡胶(集团)股份有限公司 上海轮胎橡胶(集团)如皋公司 10,000,000.00 RMB 2006.03.15-2007.03.27
上海轮胎橡胶(集团)股份有限公司 上海轮胎橡胶(集团)如皋公司 120,000,000.00 RMB 2005.04.08-2010.04.07
上海轮胎橡胶(集团)股份有限公司 上海轮胎橡胶(集团)如皋公司 50,000,000.00 RMB 2005.10.11-2010.10.10
上海轮胎橡胶(集团)股份有限公司 上海轮胎橡胶(集团)如皋公司 50,000,000.00 RMB 2006.05.15-2006.11.14
上海轮胎橡胶(集团)股份有限公司 上海轮胎橡胶(集团)如皋公司 20,000,000.00 RMB 2005.12.28-2006.12.27
上海轮胎橡胶(集团)股份有限公司 上海轮胎橡胶(集团)如皋公司 10,000,000.00 RMB 2006.03.13-2006.12.25
上海轮胎橡胶(集团)股份有限公司 上海轮胎橡胶(集团)如皋公司 40,000,000.00 RMB 2006.05.08-2007.05.07
上海轮胎橡胶(集团)股份有限公司 上海轮胎橡胶(集团)如皋公司 50,000,000.00 RMB 2006.01.05-2009.01.05
上海轮胎橡胶(集团)股份有限公司 上海白象天鹅电池有限公司 30,000,000.00 RMB 2005.07.15-2006.07.15
上海制皂(集团)有限公司 上海制皂有限公司 3,000,000.00 RMB 2006.04.27-2006.09.20
上海制皂(集团)有限公司 上海制皂有限公司 4,000,000.00 RMB 2006.05.05-2006.11.08
上海制皂(集团)有限公司 上海制皂有限公司 5,000,000.00 RMB 2006.03.03-2006.08.03
上海制皂(集团)有限公司 默特克电源(上海)有限公司 5,000,000.00 RMB 2004.01.20-2007.01.19
上海制皂(集团)有限公司 默特克电源(上海)有限公司 5,000,000.00 RMB 2004.12.15-2007.12.15
上海制皂(集团)有限公司 默特克电源(上海)有限公司 5,000,000.00 RMB 2004.04.19-2007.01.19
上海制皂(集团)有限公司 默特克电源(上海)有限公司 5,000,000.00 RMB 2005.01.20-2007.12.15
上海制皂(集团)有限公司 默特克电源(上海)有限公司 4,800,000.00 RMB 2005.03.10-2007.12.15
上海制皂有限公司 上海凌旭油脂储炼有限公司 7,500,000.00 RMB 2006.02.28-2006.08.28
上海牡丹油墨有限公司 上海白象天鹅电池有限公司 6,000,000.00 RMB 2005.09.14-2006.09.14
上海牡丹油墨有限公司 上海白象天鹅电池有限公司 4,000,000.00 RMB 2005.07.26-2006.07.26
上海牡丹油墨有限公司 上海白象天鹅电池有限公司 10,000,000.00 RMB 2005.09.05-2006.09.05
上海牡丹油墨有限公司 上海白象天鹅电池有限公司 15,000,000.00 RMB 2005.11.08-2006.11.07
上海白象天鹅电池有限公司 上海牡丹油墨有限公司 20,000,000.00 RMB 2006.01.20-2007.01.19
上海白象天鹅电池有限公司 上海牡丹油墨有限公司 10,000,000.00 RMB 2005.11.07-2006.11.07
上海制皂(集团)有限公司 上海制皂如皋有限公司 10,000,000.00 RMB 2005.09.29-2006.09.29
上海轮胎橡胶(集团)如皋有限公司 上海制皂如皋有限公司 10,000,000.00 RMB 2006.05.31-2006.11.30
上海轮胎橡胶(集团)如皋有限公司 上海制皂如皋有限公司 20,000,000.00 RMB 2006.04.18-2007.04.17
RMB 小计 733,300,000.00
非关联方：
上海制皂有限公司 上海远银进出口有限公司 6,000,000.00 RMB 2005.09.24-2006.03.24
RMB 小计 6,000,000.00
RMB 总计 739,300,000.00
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
73
单位:元 币种:人民币(所有担保)
公司对外担保情况（不包括对控股子公司的担保）
被担保对象名
称
发生日期（协
议签署日）
担保金额(折算
后) 担保类型 担保期
是否
履行
完毕
是否为关
联方担保
（是或
否）
上海远银进出
口有限公司
2005.9.24 2,700,000.00
承担连带责
任的担保
2005.9.24-2006.3.24 否 否
报告期内担保发生额合计
报告期末担保余额合计 2,700,000.00
公司对控股子公司的担保情况
报告期内对控股子公司担保发生额合计 17,189,200.00
报告期末对控股子公司担保余额合计 627,581,000.00
公司担保总额情况（包括对控股子公司的担保）
担保总额 630,281,000.00
担保总额占公司净资产的比例 42.58%
公司特殊担保情况
为控股股东及公司持股 50％以下的其他关联方提供担保的金额
直接或间接为资产负债率超过 70％的被担保对象提供的债务担
保金额 24,201,000.00
担保总额是否超过净资产的 50％（是或否） 否
特殊担保金额 24,201,000.00
根据上海证券交易所上市部对上市公司对外担保的统计口径，即报告期末担保余额包括控股子公
司的对外担保，其担保金额为该控股子公司对外担保金额乘以上市公司持有该公司的持股比例。依据
这一口径，公司对外担保情况如下：
截至 2006 年 6 月 30 日，公司对外担保余额为 2,700,000.00 元（不包括对控股子公司的担保）；公
司对控股子公司的担保余额为 627,581,000.00 元，担保总额 630,281,000.00 元，占公司净资产比例
为 42.58%。
截止 2006 年 6 月 30 日关联方为公司提供债务担保情况：
1、关联方提供担保情况：
被担保单位 担保单位 担保金额 币种 到期日
上海轮胎橡胶(集团)股份有限公司 上海华谊(集团)公司 22,000,000.00 RMB 2006.06.30-2006.12.30
上海轮胎橡胶(集团)股份有限公司 上海华谊(集团)公司 36,000,000.00 RMB 2006.06.21-2006.12.20
上海轮胎橡胶(集团)股份有限公司 上海华谊(集团)公司 42,000,000.00 RMB 2006.06.14-2006.12.13
上海轮胎橡胶(集团)股份有限公司 上海华谊(集团)公司 25,000,000.00 RMB 2006.05.29-2006.11.29
上海轮胎橡胶(集团)股份有限公司 上海华谊(集团)公司 40,000,000.00 RMB 2006.05.16-2006.11.15
上海轮胎橡胶(集团)股份有限公司 上海华谊(集团)公司 50,000,000.00 RMB 2006.04.25-2006.10.25
上海轮胎橡胶(集团)股份有限公司 上海华谊(集团)公司 35,000,000.00 RMB 2006.04.26-2006.10.26
上海轮胎橡胶(集团)股份有限公司 上海华谊(集团)公司 60,000,000.00 RMB 2006.03.23-2006.09.23
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
74
上海轮胎橡胶(集团)股份有限公司 上海华谊(集团)公司 3,500,000.00 RMB 2006.02.19-2006.08.19
上海轮胎橡胶(集团)股份有限公司 上海华谊(集团)公司 24,500,000.00 RMB 2006.02.21-2006.08.21
上海轮胎橡胶(集团)股份有限公司 上海华谊(集团)公司 11,123,000.00 RMB 2006.02.27-2006.08.27
上海轮胎橡胶(集团)股份有限公司 上海华谊(集团)公司 7,000,000.00 RMB 2006.06.29-2006.12.29
上海轮胎橡胶(集团)股份有限公司 上海华谊(集团)公司 60,000,000.00 RMB 2006-06.12-2007-06.11
上海轮胎橡胶(集团)股份有限公司 上海华谊(集团)公司 20,000,000.00 RMB 2006.03.09-2006.09.09
上海轮胎橡胶(集团)股份有限公司 上海华谊(集团)公司 21,000,000.00 RMB 2006.06.23-2006.12.23
上海轮胎橡胶(集团)股份有限公司 上海华谊(集团)公司 550,000,000.00 RMB 2005.06.03-2006.08.03
上海轮胎橡胶(集团)股份有限公司 上海华谊(集团)公司 20,850,000.00 RMB 2003.07.30-2006.07.30
上海轮胎橡胶(集团)股份有限公司 上海华谊(集团)公司 100,000,000.00 RMB 2004.03.30-2008.05.10
上海轮胎橡胶(集团)股份有限公司 上海华谊(集团)公司 50,000,000.00 RMB 2004.05.11-2008.05.10
上海轮胎橡胶(集团)股份有限公司 上海华谊(集团)公司 100,000,000.00 RMB 2004.03.26-2007.03.26
上海轮胎橡胶(集团)股份有限公司 上海华谊(集团)公司 20,700,000.00 RMB 2003.09.10-2006.09.10
上海轮胎橡胶(集团)股份有限公司 上海华谊(集团)公司 6,146,417.30 USD 2006.01.01-2006.12.31
上海轮胎橡胶(集团)股份有限公司 上海华谊(集团)公司 39,420,600.00 JPY 1999.04.01-2018.04.01
RMB 小计 1,298,673,000.00
USD 小计 6,146,417.30
JPY 小计 39,420,600.00
十、承诺事项：
（一）对外经济担保事项：
详见附注九/（二）2
抵押资产情况：
借款金额
借款内容
原币 本位币
借款日 到期日
抵质押资产帐面原
值
备注
短期借款 19,989,000.00 2006-4-7 2006-8-14 33,255,797.74 进口押汇, 以 27 张银行承兑汇票质押
短期借款 1,000 万美元 2006-3-23 2007-3-23 80,400,000.00 以存款 80,400,000 元质押
长期借款 --- 185,000,000.00 2005-11-18 2010-10-10 445,409,600.00 如皋办公楼，生产车间
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
75
十一、资产负债表日后事项：
根据比利时联合银行股份有限公司上海分行质押合同，公司以 27 张金额为 33,255,797.74 元
的银行承兑汇票作为质押，向比利时联合银行股份有限公司上海分行申请融资额度美元 750 万元整，
期限为 2005 年 12 月 26 日至 2006 年 12 月 26 日或由质权人自主决定的日期。截至报告期末共获得
19,989,000.00 元人民币的贷款。
十二、其他事项说明：
（一）2002 年根据四届四次董事会决议，公司将应收账款与上海华谊（集团）公司置换入的上
海长阳路 447 号、龙华东路 397 号和张江镇新康村西一队钱家宅三块地块的工业土地使用权，截止
2006 年 6 月 30 日，其中龙华东路 397 号地块的工业土地使用权权证尚未办理，账务尚未处理。
公司于 2005 年 12 月 7 日与上海市杨浦区土地发展中心签定《上海市杨浦区工业系统国有土地
使用权收购合同》，由杨浦区土地发展中心支付人民币 25,195.70 万元收购上海长阳路 447 号
26,660 平方米的土地使用权，其中 17,995.5 万元作为公司土地转让款，7,200.20 万元作为公司厂
房腾空、设备搬迁、人员安置等动迁补偿费。公司拟在 2006 年将其中 15,160 平方米的土地使用权
回购，因此截至报告期末尚余土地转让款 10,233 万元、土地使用权成本 3,983.2 万元、补偿费
3,281.7 万元未作处理。
公司在 2005 年末为保证在规定的时间内完成场地清理，向上海市杨浦区土地发展中心支付的保
证金 12,597.85 万元已在报告期内如数收回。
2006 年 3 月公司控股的子公司上海双钱碧源置业有限公司与上海市杨浦区土地发展中心签署了
《国有储备土地前期开发费补偿合同》，合同约定该司以支付 15,795.15 万元补偿费可获得杨浦区
26 街坊 3/2 丘合 22.74 亩的土地。截至报告期末上海双钱碧源置业有限公司已向上海市杨浦区土地
发展中心支付了 15,795.15 万元的补偿款，土地交接手续将在近期办妥。
（二）根据 2003 年度第一次临时股东大会决议，公司将应收债权 152,297,829.03 元与上海华
谊（集团）公司名下的由双钱载重轮胎公司和大中华正泰轮胎公司实际使用的土地使用权（土地面
积 268,600 平方米、土地面积 69,685 平方米，评估价格 151,094,305.00 元），以 152,297,829.03
元对价置换，按约定置换中所涉及的有关税费及土地出让金应由本公司承担。截至 2006 年 6 月 30
日止工业土地使用权权证尚未办理，账务尚未处理。
（三）2006 年 3 月 21 日，财政部、国家税务总局联合发出通知，对我国现行消费税的税目、税
率进行调整。其中斜交轮胎的税率从原来的 10%降到了 3%，子午线轮胎继续实行免税政策，本次调整
将从 4 月 1 日起开始执行。税率调整后，报告期内影响消费税额 1,484.38 万元，预计全年影响消费
税额约 4,935 万元。
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
76
十三、本年度非经常性损益列示如下：（收益＋、损失－）
项 目 金 额
（一）处置长期股权投资、固定资产、在
建工程、无形资产、其他长期资产产生的损益
46,039,235.79
（二）各种形式的政府补贴 995,000.00
（三）扣除公司日常根据企业会计制度规
定计提的资产减值准备后的其他各项营业外收
入、支出
1,833,992.68
（四）以前年度已经计提各项减值准备的
转回
210,867.48
（五）所得税影响额 -13,033,798.44
（六）少数股东损益影响额 1,020,328.73
合 计 37,065,626.24
八、备查文件目录
1、载有董事长签名的半年度报告文本；
2、载有法定代表人、主管会计工作负责人、会计机构负责人签名并加盖印章的财务报告文本；
3、报告期内在指定报刊上公开披露的公告原稿；
4、《公司章程》文本；
5、以上备查文件原稿均完整置于公司董事会秘书室。
上海轮胎橡胶（集团）股份有限公司
董事长：范宪
二 00 六年八月四日
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
77
Shanghai Tyre & Rubber Co., Ltd.
600623
2006 Interim Report
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
78
Contents
1. Important Notice ........................................... 78
2. Brief Introduction to the Company .......................... 78
3. Change of Capital Stock and Particulars of Shareholders .... 82
4. Directors, Supervisors and Senior Executives ............... 86
5. Discussion and Analysis of the Management .................. 86
6. Major Events ............................................... 91
7. Financial Report
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
79
1. Important Notice
1) The Company's Board of Directors and all its members now ensure that, the information
contained in this report does not have any false statement, misleading
representation or significant omission, and will take the several and joint
responsibilities for the truth, accuracy and integrity of its contents.
2) Independent Director Li Boling was entrusted to vote on behalf of Independent Zhang
Huiming, who was absent to the Directors' Meeting due to work.
3) The Interim Report of the Company has not been audited.
4) Mr. Fan Xian, Head of the Company, Mr. Xie Jianming, person in charge of accounting
work of the Company and chief of the accounting deparment of the Company, hereby
declare to guarantee the truth and integrity of this interim report.
2. Brief Introduction to the Company
1) Basic information
(1) Legal Chinese name:上海轮胎橡胶（集团）股份有限公司
Abbr.: 上轮公司
Legal English name: Shanghai Tyre & Rubber Co., Ltd.
Abbr.: STRC
(2) Stock exchange for listing of the Company's A share: Shanghai Stock Exchange
Share name for the Company's A share: G Tyre
Share code for the Company's A share: 600623
Stock exchange for listing of the Company's B share: Shanghai Stock Exchange
Share name of the Company's B share: Tyre B Share
Share code of the Company's B share: 900909
(3) Registered address of the Company: Rm. 605 No. 1251 Jiangchuan Rd., Minhang District,
Shanghai
Business add.: 63 Sichuan Zhong Rd., Shanghai
Zip code: 200002
Website: http://www.cstarc.com
E-mail: company@cstarc.com
(4) Legal representative: Fan Xian
(5) Secretary to the Board of Directors of the Company: Wang Ling
Telephone: 021- 33024666- 6379
Fax: 021-63390367
E-mail：company@cstarc.com
Contact address: 63 Sichuan Zhong Rd., Shanghai
Representative of securities affairs: Sun Wen
Telephone: 021-33024666-6378
Fax: 021-63390367
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
80
E-mail：wsun@cstarc.com
Contact address: 63 Sichuan Zhong Rd., Shanghai
(6) Newspaper for information disclosure: the “Shanghai Securities News” and the
“South China Morning Post”
Website appointed by the China Securities Regulatory Commission for publishing the
Company's interim report: http://www.sse.com.cn
Location for preparing interim report: Secretary's office of the Board of Directors
of the Company
2) Financial Highlights
(1) Major accounting data and financial indicators
(Unit: RMB)
Major accounting data End of the report
period End of last year Increase or decrease
(%)
Current assets 3,376,238,056.22 2,890,366,075.11 16.81
Current liabilities 4,269,693,444.92 3,736,384,985.32 14.27
Total assets 6,808,565,542.45 6,037,994,548.07 12.76
Shareholders' equity
(minority interests excluded) 1,494,976,748.46 1,480,313,237.92 0.99
Net assets value per share 1.681 1.664 1.02
Net assets value per share
after adjustment 1.463 1.455 0.55
The report period
(January-June)
Same period of last
year
Increase or decrease
(%)
Net profit 58,863,322.42 56,579,921.20 4.04
Net profit after deduction of
extraordinary gain or loss 21,797,696.18 58,999,726.99 -63.05
Earnings per share 0.066 0.064 3.125
Return on net assets (%) 3.937 3.995 -0.084
Net cash flow from operating
activities 241,989,261.57 235,244,655.43 2.87
(Unit: RMB)
Items of non-recurring profit and loss Amount
1. Gain or loss from disposal of long-term
equity investment, fixed assets, construction in
progress, intangible assets and other long-term
assets
46,039,235.79
2. Government subsidy in all forms 995,000.00
3. Net non-operating revenue and expenditure
after provision for depreciation of assets
appropriated according to enterprise accounting
system
1,833,992.68
4. Return from provisions for depreciation of
various items appropriated during previous years
210,867.48
5. Impact from income tax -13,033,798.44
6. Impact from minority shareholders' gain or
loss
1,020,328.73
Total 37,065,626.24
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
81
The non-recurring profit and loss of the report period was RMB37,065,600, an
increase of RMB39,485,400 or 1,631.76% compared with last year's RMB-2,419,800. The
main cause of the increase is that the Company transferred its 9 million legal
person shares in Shanghai Pudong Development Bank and 81.83% equity of Shanghai Tyre
& Rubber (Group) Rugao Investment Company, which brought about the net income of
RMB40,734,400 and RMB9,953,900, respectively and thus produced a quite large yearon-
year rise in the non-recurring profit and loss.
(2) Return on net assets and earnings per share calculated according to requirements of
the No. 9 file of "Editing Rule for Information Disclosure of Publicly Listed
Companies" issued by the China Securities Regulatory Commission
Unit: RMB Currency: Renminbi
Return on net
assets (%)
Earnings per
share
Profit of the report period
Fully
diluted
Weighted
average
Fully
diluted
Weighted
average
Main business profit 21.233 21.164 0.359 0.359
Operating profit 1.226 1.222 0.021 0.021
Net profit 3.937 3.899 0.066 0.066
Net profit after deduction of extraordinary gain
or loss
1.448 1.444 0.025 0.025
(3) Difference between domestic and overseas accounting standards
Unit: RMB Currency: Renminbi
2006 Interim Report
Gain/(loss) after deduction of
tax and minority interests
Shareholders'
equity
According to Chinese accounting
standard 58,863,322.42 1,504,884,142.60
Consolidation of loss of affiliated
companies 273,574.22
Offset of loss beyond capital of
affiliated companies with minority
interests -107,806.77 -13,076,777.90
. Amortization of initial expenses -1,083,614.75 -4,361,858.46
According to international financial
report standard 57,945,475.12 1,487,445,506.24
The unaudited after-tax profit of the first 6 months of 2006 is RMB58,863,322.42 for
A share and RMB57,945,475.12 for B share with a difference of RMB 917,847.30 between,
which consists of: 1) The net amount of accumulative loss offset by the profit of the
report period of obtained by subsidiaries including the soap making and sales
companies was RMB273,574.22, with A share classified as unconfirmed investment loss
and B share transferred back as it had been confirmed as the Group loss (borne by big
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
82
shareholders) in previous years according to the international accounting standard. 2)
The minority interests of B share was regulated according to the aforesaid adjustment
and thus increased its loss by RMB107,806.77; 3) The amortization balance of the
initial expenses of Double Coin Biyuan in the very year was RMB1,083,614.75 and
therefore B share is listed as loss.
The unaudited shareholders' equity of the first 6 months of 2006 is
RMB1,504,884,142.60 for A share and RMB 1,487,445,506.24 for B share, thus with a
difference of RMB 17,438,636.36 between, which consists of: 1) The net excess loss of
RMB13,076,777.90 borne by minorities shareholders in the subsidiary companies in the
very year led to corresponding reduction of shareholders' equity of B share according
to the international accounting standard; 2) The amortization balance of the Company's
initial expenses for past years is RMB4,361,858.46, which led to reduction of
shareholders' equity of B share.
3. Change of Capital Stock and Particulars of Shareholders
1) Change of capital stock
Unit: share
Before this
change
Increase or decrease (+, -)
After this
change
Quantity
Rati
o
New
shar
es
issu
ed
Bonus
shares
Shares
tranfer
red
from
capital
reserve
Ot
he
r
Subtotal Quantity Ratio
1. Shares with limited sales condition
1) Shares held by
the state
605,857,461 68.12 -16,016,000 -16,016,000 589,841,461 66.32
2) Shares held by
the legal person
of state-owned
entities
11,910,261 1.34 11,910,261 1.34
3) Shares held by
other domestic
entities or legal
persons
Incl.: shares held by
domestic legal persons
5,720,000 0.64 5,720,000 0.64
Shares held by
domestic
individuals
4) Shares held by
foreign capitals
Incl.: shares held by
overseas legal persons
Shares held by
overseas
individuals
Subtotal 623,487,722 70.10 -16,016,000 -16,016,000 607,471,722 68.30
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
83
2. Floating shares with no limited sales condition
1) Renminbi
ordinary shares
22,880,000 2.57 16,016,000 16,016,000 38,896,000 4.37
2) Domestically listed
foreign capital shares
243,100,000 27.33 243,100,000 27.33
3) Overseas
listed foreign
capital shares
4) Other
Subtotal 265,980,000 29.90 16,016,000 16,016,000 281,996,000 31.70
3. Total 889,467,722 100.00 889,467,722 100.00
Approval of changes in stock
(1) For details, please refer to the "Announcement on Shanghai Tyre & Rubber Co.,
Ltd. Obtaining the Written Reply on the Scheme of Equity Division Reform from
Shanghai Municipal State-owned Assets Supervision and Administration Commission"
published in the "Shanghai Securities News" and on the website of Shanghai Stock
Exchange on March 29.
(2) For details, please refer to the "Announcement on Shanghai Tyre & Rubber Co.,
Ltd. Obtaining the Written Reply on the Scheme of Equity Division Reform from the
Ministry of Commerce" published in the "Shanghai Securities News" and on the
website of Shanghai Stock Exchange on May 15.
2) Particulars of shareholders
(1) Number of shareholders and particulars of shareholding
Unit: share
Total of shareholders at
the end of report period
50,157
Shareholding particulars of the top 10 shareholders
Name of shareholder
Nature of
shareholder
Shareholding
ratio (%)
Total of
shares
held
Increase
or
decrease
Number of
shares with
limited sales
condition
Number of
shares
pledged or
frozen
Shanghai Huayi (Group)
Company
State-owned
shareholder
66.32 589,841,461
-
16,016,000
589,841,461
Xuzhou Tyre Group
Company
State-owned legal person
shareholder
1.06 9,410,261 0 9,410,261
7,410,261
shares frozen
DEBORAH WANG LIN
Foreign capital
shareholder
0.31 2,792,000 0 Unknown
Liu Chunfu
Foreign capital
shareholder
0.29 2,608,300 45,300 Unknown
Shanghai Capital Reserve
Management Centre
State-owned legal
person shareholder
0.28 2,500,000 0 2,500,000
DBS VICKERS （HONG
KONG）LTD A/C CLIENT
Foreign capital
shareholder
0.28 2,452,139 1,800,150 Unknown
NAITO SECURITIES CO.,
LTD.
Foreign capital
shareholder
0.27 2,369,501 -416,899 Unknown
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
84
NOMURA INTERNATIONAL
(HONG KONG) LIMITEDCUSTOMERS'
SEGREGATED
ACCOUNT
Foreign capital
shareholder
0.26 2,336,100 2,260,000 Unknown
TOYO SECURITIES ASIA LTD
A/C CLIENT
Foreign capital
shareholder
0.24 2,116,880 234,200 Unknown
SCBSH A/C CREDIT SUISSE
(HONG KONG) LIMITED
Foreign capital
shareholder
0.15 1,294,261 1,294,261 Unknown
Shareholding particulars of the top 10 shareholders with no limited sales condition
Name of shareholder
Number of shares with no
limited sales condition
Classification
of stock
DEBORAH WANG LIN 2,792,000
Domestically
listed foreign
capital share
Liu Chunfu 2,608,300
Domestically
listed foreign
capital share
DBS VICKERS (HONG KONG) LTD A/C CLIENT 2,452,139
Domestically
listed foreign
capital share
NAITO SECURITIES CO., LTD. 2,369,501
Domestically
listed foreign
capital share
NOMURA INTERNATIONAL (HONG KONG) LIMITEDCUSTOMERS'
SEGREGATED ACCOUNT
2,336,100
Domestically
listed foreign
capital share
TOYO SECURITIES ASIA LTD A/C CLIENT 2,116,880
Domestically
listed foreign
capital share
SCBSH A/C CREDIT SUISSE (HONG KONG) LIMITED 1,294,261
Domestically
listed foreign
capital share
AIZAWA SECURITIES CO., LTD. 958,196
Domestically
listed foreign
capital share
HSBC BROKING SECURITIES (ASIA) LIMITED
CLIENTS ACCOUNT
926,638
Domestically
listed foreign
capital share
HSBC FUND SERVICES A/C 006-113039-431 780,000
Domestically
listed foreign
capital share
Remarks on associative relations or
concerted actions between the aforesaid 10
shareholders:
The Company does not know whether there are any
relations between the above shareholders or
whether they belong to the concerted actors
stated in the Management Method for Information
Disclosure for Change of Shares Held by the
Shareholders of Listed Companies.
There are no associative relations or concerted actions existing among the first,
second and fifth of the top ten shareholders. The 7,410,300 shares in the Company held
by Xuzhou Tyre Group Company, the second largest shareholder, keep on being frozen with
a freezing term from May 10, 2006 to May 9, 2007 (altogether 1 year in between).
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
85
Number of shares held by the top 10 shareholders with limited sales condition and their
sales conditions
Unit: share
Particulars of listing of
shares with limited sales
condition
No
.
Name of
shareholder with
limited sales
condition
Number of
shares
with
limited
sales
condition
Time for
listing
Number of
additional
shares that
can be listed
Limited sales condition
May 22,
2008
88,946,772.2
1
Shanghai Huayi
(Group) Company
589,841,461
May 22,
2009
500,894,688.8
Shanghai Huayi (Group) Company
promised that: 1. it will not
sell its equity of the Company
through Shanghai Stock Exchange
within 24 months after it gets
the listing right; 2. It will
not sell more than 10% of the
total capital stock of the
Company through Shanghai Stock
Exchange within 12 months after
expiration of the aforesaid
promised period at a price not
lower than RMB5.0 per share
(which should be disposed with
ex-rights and ex-dividend if
there are any ex-rights events
such as dividend distribution,
bonus share and capitalization
from capital public reserve
happening after implementation
of the scheme of equity division
reform); 3. All its shares in
the Company will be tradable
after 36 months.
2
Xuzhou Tyre Group
Company
9,410,261
May 22,
2007
9,410,261
It will not list or transfer the
shares within 12 months as from
the day of implementation of the
reform scheme. Xuzhou Tyre Group
Company should get the approval
from Shanghai Huayi (Group)
Compant before it can list its
shares with limited sales
condition.
3
Shanghai Capital
Reserve Management
Centre
2,500,000
May 22,
2007
2,500,000
It will not list or transfer the
shares within 12 months as from
the day of implementation of the
reform scheme. Shanghai Capital
Reserve Management Centre should
get the approval from Shanghai
Huayi (Group) Compant before it
can list its shares with limited
sales condition.
4
Shanghai Jintong
Products Company
286,000
May 22,
2007
286,000
It will not list or transfer the
shares within 12 months as from
the day of implementation of the
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
86
reform scheme.
5
Chemical Industry
Technology
Association
286,000
May 22,
2007
286,000
It will not list or transfer the
shares within 12 months as from
the day of implementation of the
reform scheme.
6
Shanghai
International
Trust & Investment
Co., Ltd
286,000
May 22,
2007
286,000
It will not list or transfer the
shares within 12 months as from
the day of implementation of the
reform scheme.
7
Brilliance Group
Co., Ltd
214,500
May 22,
2007
214,500
It will not list or transfer the
shares within 12 months as from
the day of implementation of the
reform scheme.
8
Shanghai Beize
Trading Co., Ltd.
164,450
May 22,
2007
164,450
It will not list or transfer the
shares within 12 months as from
the day of implementation of the
reform scheme.
9
Shanghai Huashen
Certified Public
Accountants Ltd.
154,669
May 22,
2007
154,669
It will not list or transfer the
shares within 12 months as from
the day of implementation of the
reform scheme.
10
Shanghai
Brilliance (Group)
Co., Ltd.
143,000
May 22,
2007
143,000
It will not list or transfer the
shares within 12 months as from
the day of implementation of the
reform scheme.
(2) Change of the controlling shareholder and the actual controller
During the report period the controlling shareholder and the actual controller of
the Company were not changed.
4. Directors, Supervisors and Senior Executives
1) Change in shareholding of Directors, Supervisors and senior executives
Name Position
Beginning
shares
Closing
shares
Increase or
decrease
Cause of change
Sun
Changming
Supervisor 429 729 300
Consideration got
during the reform
Zhou Licai
Deputy
General
Manager
429 729 300
Consideration got
during the reform
2) Engagement and dismissal of Directors, Supervisors and senior executives
During the report period, there was no engagement or dismissal of any Dirctors,
Supervisors and senior executives of the Company.
5. Discussion and Analysis of the Management
1) Discussion and Analysis of the Management
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
87
The Company belongs to chemical industry and is mainly engaged with tyre, battery,
printing ink and other business, in which the sales income and profit for the all-steel
heavy duty radial truck tyre have taken predominating position in the income and profit
structure of the Company. During the report period, the Company comprehensively
implemented the business policy and goal of "maintaining the popularity of the brand and
expanding network by establishing the path of Double Coin", "gathering resources and
expanding sales to improve satisfaction level of production and sales", "implementing
technical innovation and increasing gross profit to meet the requirements of
competition", "refining deployment and improving quality to ensure safe production",
"diligent in prediction and grasping good opportunities to ensure reasonable and
adequate supply and distribution", "carefully calculating and operation in a flexible
circumspection ； to ensure reliable budget", "promoting scientific research and
establishing basis to effect subjects of innovation" and "strictly managing and
carefully checking to make awarding and punishing clear-cut". It constantly deepened the
industry restructuring of the Company and vigorously pushed forward the "refined"
management of the Company. Thus the Company ensured general realization of major
economic goals for the first half of the year (part of the goals were nearly realized)
under the requisite of increasingly violent competition in both domestic and overseas
markets and the hard circumstances of persisting rise of raw material prices. From
January to June 2006, the Company produced altogether 2,693,100 sets of tyres with a
year-on-year increase of 28.8%, which includes 1,576,400 sets of all steel tyres with a
year-on-year increase of 35.1% and 1,116,700 sets of bias tyres with a year-on-year
increase of 20.9%. During the report period, the main business of the Company developed
steadily. From January to June 2006, the Company realized main business income of
RMB2,725,485,500 and main business profit of RMB319,526,000.
While expanding production and distribution, the Company also faces rigorous
challenges from market and production operation. The first challenge is that the
conflict between supply and demand in the market was becoming further obvious during the
report period. It mainly appears as the focused release of production capacity and thus
the unexpected conflicts between supply and demand leading to stock increase in the
industry, especially for the field of all steel radial tyres, whose price war is
becoming fervent and thus leads to lower profit. The second challenge is the persistent
rise of raw material prices. With the fast development of the tyre industry, tyre
manufacturers is getting more and more dependent on relevant resources. During the
report period, the constant rise of natural rubber prices because of the tight supply
and high prices of raw materials such as synthetic rubber, carbon black and auxiliaries,
which are influenced by the international price of crude oil, brought about great
influence on the profitability of the main business of the Company.
Therefore, for the second half of the year, the Company will make further clear the
development and reform road of the enterprise, speed up readjustment of product
structure, boost scientific research level and further exploit domestic and overseas
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
88
market so as to dodge and defend against all kinds of market risks by establishing its
advantages in management, technique, scale and industry status.
2) Main business of the Company and its operation status
(1) Main business divided by trade and product
Unit: RMB Currency: Renminbi
By trade
Main business
income
Main business
cost
Profit
rate of
main
business
(%)
Year-onyear
increase
or
decrease
of main
business
income
(%)
Year-onyear
increase
or
decrease
of main
business
cost (%)
Year-onyear
increase or
decrease of
main
business
profit rate
(%)
Industry 3,542,051,185.90 3,259,226,250.85 7.98% -12.32% -10.35% -2.02%
Commerce 1,760,322,232.07 1,706,614,990.04 3.05% 590.61% 571.96% 2.69%
Real estate 1,770,300.00 887,480.39 49.87% -23.68% -47.61% 22.91%
Tourism and
food service
1,734,337.50 270,335.08 84.41% 0.60% -15.28% 2.92%
Incl.: Total of
associative
transactions
4,531,565,006.81 4,445,704,806.46 1.89% 95.94% 95.05% 0.44%
Incl.:
Associative
transactions
offsetting by
each other
2,580,392,557.72 2,580,392,557.72 1.94% 1.94%
By product
Main business
income
Main business
cost
Profit
rate of
main
business
(%)
Year-onyear
increase
or
decrease
of main
business
income
(%)
Year-onyear
increase
or
decrease
of main
business
cost (%)
Year-onyear
increase or
decrease of
main
business
profit rate
(%)
Tyre 2,273,773,887.16 2,001,212,163.27 11.99% 19.80% 28.20% -5.76%
Incl.:
Associative
transactions
1,951,172,449.09 1,865,312,248.74 4.40% 673.20% 748.34% -8.47%
Pricing principle of
associative transactions
The price of associative transactions is set according to
market price.
Incl.: The total amount of associative transactions of the Company selling goods to
its controlling shareholder and its subsidiaries during the report period was zero.
(2) Main business divided by region
Unit: RMB Currency: Renminbi
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
89
Region Main business income
Year-on-year increase or decrease
of main business income (％)
Shanghai 2,725,485,497.75 18.09%
Other regions -- --
Total 2,725,485,497.75 18.09%
(3) There were no other businesses with significant impacts on net profit during the
report period.
(4) The operation status and performance of the joint stock companies from which the
investment income influences over 10% net profit of the Company
(Unit: RMB10,000)
Company name
Busi
ness
natu
re
Registered
capital
Assets
volume
Equity
%
Main business
income
Main
business
profit
Net
profit
Investment
income
Shanghai
Xinlun
United
Development
Co., Ltd.
Real
esta
te
US$28,000,000 40.00
Waiting to be
closed down
and dissolved
Refer to the
remarks
The 8th meeting of the 5th Board of Directors approved the "Proposal on Liquidation
and Dissolution of Shanghai Xinlun United Development Co., Ltd." ("Xinlun Company" for
short). Xinlun Company was established by joint investment of Shanghai Waigaoqiao Free
Trade Zone Xin Development Co., Ltd. ("Xin Development Company" for short) and the
Company in October 1994 with the registered capital of US$28,000,000. Its main
business is self-built real estate service, infrastructure, realty management and
supporting service. The Company holds 40% equity while the Xin Development Company
holds 60%.
In light of the respective strategy adjustment of outward investment by Xin
Development Company and the Company respectively, the two shareholders currently plan
to implement liquidation procedure and clearing the assets of Xinlun Company according
to regulations in the "Company Law" and the Articles of Association of Xinlun Company
and handle relevant procedure for concellation of industrial and commercial
registration. Considering certain potential loss in the process of liquidation, the
Company has appropriated over RMB24 million for anticipated loss upon the principle of
prudence.
(5) Remarks on cause of year-on-year significant change of the profitability of main
business (gross profit rate)
The gross profit of main business of the report period was RMB338,879,000,
RMB68,139,500 or 16.74% less than last year's RMB407,018,500 of the same period,
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
90
which was mainly due to increase of over RMB218 million in cost caused by rise of
raw material prices from January to June this year while the newly increased gross
profit from production expansion and price readjustment was not large enough to
offset the rise of raw material prices. Compared with the same period of last year,
the main business income in tyre increased by RMB375,876,700 whereas the cost
increased by RMB440,178,600. Therefore, the gross profit of tyres decreased to
RMB272,561,700 from last year's RMB336,863,600, thus leading to large fall in
profitability of the main business. The gross profit rate of tyre correspondingly
dropped to 11.99% from last year's 17.75% of the same period.
(6) Analysis of cause of year-on-year significant changes of profit composition
(Unit: RMB)
The report period Same period of last year
Item Amount Ratio to the
total profit
%
Amount Ratio to the
total profit
%
Increase or
decrease (%)
Main business
profit
319,525,961.67 614.54% 369,043,183.25 871.91% -13.42%
Other business
profit
46,335,332.69 89.12% 39,091,519.59 92.36% 18.53%
Period
expenses
347,411,188.33 668.17% 339,844,677.76 802.93% 2.23%
Investment
income
27,150,091.06 52.22% -23,508,679.39 -55.54% 215.49%
Subsidy
income
995,000.00 1.91% 1,189,192.00 2.81% 16.33%
Net amount of
non-operating
revenue and
expenditure
5,399,197.66 10.38% -3,644,760.69 -8.61% 248.14%
Total
profit
51,994,397.75 100.00% 42,325,777.00 100.00% 22.84%
I. Total profit of the report period increased by RMB9,668,600 or 22.84% on a year-onyear
basis.
II. Main causes of year-on-year large changes of profit composition are as follows:
A. The main business profit decreased by RMB49,517,200 or 13.42% compared with the
same period of last year, which was mainly due to the cost increase of RMB218
million caused by the rise of raw material prices from January to June this year
while newly increased gross profit after production expansion was not large
enough to fully offset the rise of raw material prices, thus resulting in quite
large drop in main business profit compared with the same period of last year.
B. Other business profit increased by RMB7,243,800 or 18.53% compared with the same
period of last year, which was mainly due to a year-on-year rise of RMB5.70
million in income from service provided to Michelin Company.
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
91
C. The Investment income rose by RMB50,658,800 or 215.49% compared with the same
period of last year, which was mainly due to the Company transferring its 9.00
million legal person shares in Pudong Development Bank and the 81.83% equity of
Shanghai Tyre & Rubber (Group) Rugao Investment Company and thus obtaining net
incomes of RMB40,734,400 and RMB9,953,900, respectively. In addition, the
Michelin Company got a less loss on a year-on-year basis and therefore the
investment income of the Company largely increased on a year-on-year basis.
D. Non-operating revenue and expenditure increased by RMB9,044,000 or 248.14%
compared with the same period of last year, which was mainly due to the loss of
RMB3,321,900 caused by the guarantee provided for China Shenma Group during the
same period of last year and to a year-on-year rise of net income from disposal
of fixed assets and intangible assets of parent company and its subsidiaries
during the report period.
3) Investment
(1) Use of raised capital
During the report period, there are no such conditions in the Company as using
raising capitals or using capitals raised in the last period up to the current
period.
(2) Projects with non-raised capital
I. The project of newly increased 500,000 all-steel radial truck tyres (or 300,000
sets +200,000 sets) by Shanghai Tyre & Rubber (Group) Rugao Co., Ltd. boasted a
total investment budget of RMB299,728,800. As of June 30, 2006, there was
accumulatively about RMB275,910,000 invested in it with 92% of the project
finished.
II. The project of newly increased 100,000 all-steel radial engineering tyres and of
expanstion and technical innovation of rubber refining workshop by Shanghai Tyre
& Rubber (Group) Rugao Co., Ltd. boasted a total investment budget of
RMB552,820,000. As of June 30, 2006, there was accumulatively RMB363,150,000
invested in it with 65.7% of the project finished.
III. The project of increasing the productivity of radial tyre by 200,000 sets has
acquired a total investment of RMB 132,600,000, including USD 2,592,000. As of
June 30,2006, there was accumulatively RMB74,730,000 invested in it with 73% of
the project finished.
IV. The project of an increase of 250,000 all-steel radial tyres by Double Coin
Truck Tyre Company boasted a total investment budget of RMB89,854,400. As of June
30, 2006, there was accumulatively RMB61,730,000 invested in it with 68.7% of the
project finished.
4) Analysis of financial status and business results
Realization of operation plan
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
92
The Company had planned to increase the annual sales revenue of 2006 by over 10% on
a year-on-year basis so as to realize the goal of RMB5,585 million. It actually
achieved a sales revenue of RMB2,725,485,500 during the report period, a year-on-year
increase of 18.09%, thus realizing the goal as planned.
6. Major Events
1) Governance of the Company
During the report period, the Company carried out equity division reform, which was
approved by 99.97% holders of A share including 94.81% holders of floating A share.
During the report period, the Company amended its "Articles of Association", "Rules of
Procedure for General Shareholders' Meeting", "Rules of Procedure for Meetings of
Board of Diretors" and "Rules of Procedure for Meetings of Board of Supervisors" in an
all-around way in accordance with the newly amended "Company Law", "Securities Law",
"Guide on Articles of Association of Listed Companies" and "Guide on General
Shareholders' Meeting of Listed Companies" combined with the actual governance of the
Company. It was run in strict according with the aforesaid laws, regulations and rules.
Currently, the governance of the Company conforms to relevant requirements by China
Securities Regulatory Commission.
2) Implementation of profit distribution scheme during the report period
The profit distribution scheme of 2005 is as follows: based on the total capital
stock of 889,467,722 shares at the end of 2005, the Company will distribute a cash
dividend of RMB0.5 (tax included) for each 10 shares to all the shareholders.
This scheme was approved by the Company's 2005 General Shareholder's Meeting held on
April 28, 2006. The announcement on implementation of dividend allocation was
published in "Shanghai Securities News" and "South China Morning Post" of May 30, 2006
and on the website of Shanghai Stock Exchange (www.sse.com.cn). The date of record was
June 2 , 2006 for A share and June 7, 2006 for B share (the last trading date was June
2, 2006). The ex-dividend date was June 5, 2006 and the date for dividend allocation
was June 16, 2006.
The Company will neither distribute dividend nor capitalize capital public reserve
for the first 6 months of 2006.
3) Significant lawsuits and arbitrations
Lawsuits ruled before June 30, 2006
(1) The case of Shanghai Tyre & Rubber Supply and Sales Co., Ltd suing Xinjiang
Uygur Autonomous Region No. 9 Transportation Company was ruled on April 11, 2006
with the verdict that the defendant shall pay RMB6,562,800 to the plaintiff. The
case is still in execution currently.
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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(2) The case of Shanghai Tyre & Rubber Supply and Sales Co., Ltd suing Guangtong
Dianbai County Humao Tyre Co., Ltd. was ruled on May 20, 2006 with the verdict
that the defendant shall pay RMB1,095,100 to the plaintiff. The case is still in
execution currently.
(3) The case of Shanghai Tyre & Rubber Supply and Sales Co., Ltd suing Nanning
Double Coin Tyre Co., Ltd. was ruled on March 1, 2006 with the verdict that the
defendant shall pay RMB2,456,700 to the plaintiff. The case is still in execution
currently.
(4) The case of Shanghai Tyre & Rubber Supply and Sales Co., Ltd suing Qingdao
Shangqing Rubber & Tyre Co., Ltd. was ruled on February 21, 2006 with the verdict
that the defendant shall pay RMB4,929,600 to the plaintiff. The case is still in
execution currently.
(5) The case of Shanghai Tyre & Rubber (Group) Supply and Sales Co., Ltd. suing
Shangqiu Warrior and Double-coin Tyre Sales Co., Ltd. was filed on January 11,
2005 with the litigation target of RMB2,428,800. Since the defendant was closed
down during the litigation period, the plaintiff withdrew the litigation upon
consideration and decided to file another lawsuit after verification of the
defendant's proof of its property.
(6) The case of Shanghai Tyre & Rubber (Group) Supply and Sales Co.,Ltd. suing Yuyao
Dongjiang Industry & Trade Co., Ltd. was filed on January 26, 2005 with the
litigation target of RMB4,404,100. Since the defendant was closed down during the
litigation period, the plaintiff withdrew the litigation upon consideration and
decided to file another lawsuit after verification of the defendant's proof of
its property.
4) Assets transactions
(1) During the report period, the Company transferred 81.83% equity of Shanghai Tyre
& Rubber (Group) Rugao Investment Co., Ltd. it had held to the natural person Cao
Bo at the price of RMB81 million with the estimated value of RMB77,298,800 as the
basis. All the property rights and the relevant debts and creditor's rights have
been handed over with an income of RMB9,953,900 from the transfer. The equity
transfer has no influence on the business consistency and management stability of
the Company and is helpful for the Company to concentrate its predominant energy
on main business operation. The provisional announcement was published in
"Shanghai Securities News" and "South China Morning Post" of June 8, 2006 and on
the website of Shanghai Stock Exchange.
(2) During the report period, the Company transferred the 9 million legal person
shares in Shanghai Pudong Development Bank Co., Ltd. it had held to Shanghai
International Group Co., Ltd. at the price of RMB5.20 per share upon the Opinion
Letter drawn up for the equity transfer. The Company abtained an income of
RMB46.80 million from the transfer, or a net income of RMB40,734,400 after
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
94
deduction of book cost and relevant taxes. The provisional announcement was
published in "Shanghai Securities News" and "South China Morning Post" of January
21, 2006 and on the website of Shanghai Stock Exchange.
5) Major associative transactions during the report period
(1) Associative transactions relevant to daily operation
A. For the subsidiaries controlled by the Company and consolidated the accounting
statements of the Company, the transactions between them and between the parent
company and them have already been offset.
B. Amount of associative transactions
Scale of transactions: Unit: RMB10,000 Currency: Renminbi
Related party
Purchased from the
related party
Sold to the related
party
Shanghai Michelin Warrior Tyre Co., Ltd. 3,060.00
Shanghai Carbonization Co., Ltd. 2,958.93
Shanghai Soap Making (Group) Rugao Co., Ltd. 6,384.64 1,295.75
China North America Tyre Sales Company USD5,609.32
Shanghai Double Coin Tyre Sales Co., Ltd. 154,656.27
Subtotal (in U.S. dollar) USD5,609.32
Subtotal (in Renminbi) 9,343.57 159,012.02
Total 9,343.57 193,997.26
The pricing principle for associative transactions is market price.
D. Other associative transactions:
According to the agreement with Shanghai Michelin Warrior Tyre Co., Ltd., the
Company provided or charged RMB5,000,000.00 for trademark using fee,
RMB24,700,000.00 for sales of service, RMB900,000.00 for rental and leasing fees.
(2) Creditor's rights and debts between related parties and the Company
Amount of debts between related parties and the Company:
Unit RMB10,000 Currency: Renminbi
Fund provided to the related
party
Fund received from the
related party
Related party
Amount
happening Balance
Amount
happening Balance
China North America Tyre Sales
Company 6,602.91 34,885.35
Shanghai Soap Making (Group) Rugao
Co., Ltd. -3,710.73 1,571.83 2,684.73 2,742.98
Shanghai Longtai Fine Rubber Company -69.51 4,900.47
Shanghai Tyre & Rubber Machinery
Molds Co., Ltd. 237.18 1,989.17
Shanghai Zhengxin House Property
Co., Ltd. -11.28 6,276.73
Shanghai Zonglian Rubber Industrial
Company 1,432.56
Shanghai Carbonization Co., Ltd. 2,789.12 3,461.95
Haikou Fuhua Tyre Sales Co., Ltd. 324.14
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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Shanghai Hulun Tyre & Rubber Co.,
Ltd. -316.07 697.28
Shanghai Huayi (Group) Company 9,386.35
Total 3,048.57 51,056.11 5,157.78 16,612.70
6) Trusteeship
During the report period the Company did not have any trusteeship.
7) Contracting
During the report period the Company did not have any contracting.
8) Rent and lease
During the report period the Company had no significant rent or lease.
9) Guarantee
Unit:RMB Currency: Renminbi
Outward guaratees of the Company (excluding guarantees for holding subsidiaries)
Name of
guarantee
object
Occurring
date
(agreement
signing
day)
Amount of
guarantee
(after
conversion)
Type of
guarantee Guarantee term
Whether
completed
or not
Whether
guarantee
for related
parties or
not (yes or
no)
Shanghai
Yuanyin
Import &
Export Co.,
Ltd.
September
24, 2005
2,700,000.00
Guarantee
with joint
and several
liabilities
September 24, 2005
to March 24, 2006
No No
Total amount of guarantees during the report period
Total balance of guarantees at the end of the report
period 2,700,000.00
The Company's guarantees for holding subsidiaries
Total amount of guarantees for holding subsidiaries
during the report period
17,189,200.00
Total balance of guarantees for holding subsidiaries
at the end of the report period
627,581,000.00
Total of guarantees of the Company (including guarantees for holding subsidiaries)
Total amount of guarantees 630,281,000.00
Ratio of total amount of guarantees to the Company's
net assets
42.58%
Special guarantees of the Comoany
Amount of guarantees provided for the controlling
shareholder and other related parties holding less
than 50% equity
Amount of direct or indirect debt guanrantees for 24,201,000.00
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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objects whose debt-to-asset ratio exceeds 70%
Whether total amount of guarantees exceed 50% of the
net assets (yes or no)
No
Amount of special guarantees 24,201,000.00
According to the stastistic compiling rules of outward guarantee of list companies
by the listing department of Shanghai Stock Exchange, the balance of outward
guarantees by the Company was RMB2,700,000.00 (excluding guarantees for holding
subsidiaries); balance of the guarantees the Company provided for its holding
subsidiaries was RMB627,581,000.00 and their total amount was RMB630,281,000.00 or
42.58% of net assets of the Company.
10) Entrusted wealth management
During the report period, the Company did not have any entrusted wealth management.
11) Implementation of commitments
The Company or its shareholders holding 5% or over 5% equity interest did not have
any promises during the report period or left over from previous periods.
The special promises made by the ex-holders of non-floating shares during the
equity division reform and their implementation
Name of
shareholder
Special promises Commitment fulfillment
Shanghai
Huayi
(Group)
Company
Shanghai Huayi (Group) Company promised
that: 1. it will not sell its equity of the
Company through Shanghai Stock Exchange
within 24 months after it gets the listing
right; 2. It will not sell more than 10% of
the total capital stock of the Company
through Shanghai Stock Exchange within 12
months after expiration of the aforesaid
promised period at a price not lower than
RMB5.0 per share (which should be disposed
with ex-rights and ex-dividend if there are
any ex-rights events such as dividend
distribution, bonus share and
capitalization from capital public reserve
happening after implementation of the
scheme of equity division reform); 3. All
its shares in the Company will be tradable
after 36 months.
According to the relevant
content of special promises,
Shanghai Huayi (Group) did
not sell or transfer any
equity of the Company it
held from the date of
implementation of equity
division reform till the
date of diclosure of this
report.
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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12) Punishment and rectification on the Company, the Board of Directors and the
Directors
During the report period the Company, the Board of Directors of the Company and the
Directors had not been checked by the China Securities Regulatory Committee and/or
punished administratively and reprimanded publicly by the China Securities Regulatory
Committee and publicly condemned by the stock exchange.
13) Other major events
(1) During the report period, the Company carried out the equity division reform,
i.e., holders of floating A share getting 7 shares for each 10 floating A shares
as a consideration paid by Shanghai Huayi (Group) Company, upon relevant policies
by the state. After the reform, the state-owned shares will account for a less
proportion while that of general public shares will rise. However, the capital
stock of the Company will generally not change.
(2) On March 21, 2006, Ministry of Finance and State Administration of Taxation
jointly issued a notice to adjust the tax items and tax rate of the current
consumption tax of China. Thus, the tax rate for bias tyre dropped to 3% from the
previous 10% while the tax-free policy for radial tyre keeps on working. The
adjustment began to be implemented on April 1. The tax rate adjustment had an
impact of RMB14,843,800 on the consumption tax during the report period and is
thus predicted to produce an impact of RMB49,350,000 on the whole year's
consumption tax .
(3) During the report period, Shanghai Yangpu House & Land Management Bureau sold
the using right of the state-owned land of 3/2 Qiu area at No. 26 Lane of the
Pujiang Neighbourhood by listing it in relevant institutions in 2005 upon
relevant laws, regulations and rules including "Urban Real Estate Administration
Law of P.R.C." and upon approval by Shanghai Land Using Right Transfer, Bid
Invitation and Auction Office. Through authorization by the Company's Board of
Directors, its subsidiary Shanghai Double Coin Biyuan Real Estate Co., Ltd. bid
for the aforesaid land lot. Shanghai Double Coin Biyuan Real Estate Co., Ltd. won
the bid for the aforesaid land lot at the closing price of RMB214.90 million and
paid off the transfer fee of the aforesaid land lot to Shanghai House & Land
Resources Management Bureau on July 14, 2006 upon the "Transfer Contract of the
State-owned Land Using Right" it had signed with Shanghai Huangpu House & Land
Management Bureau.
14) Index of information disclosure
Event Name and page of
the newspaper for
disclosure
Publishing
date
Publishing
website and
retrieval path
Announcement on Resolutions of the 5th Page C7 of "Shanghai January 21, 2006 www.sse.com.cn
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
98
Meeting of the 5th Board of Directors Securities News"
Page B4 of "South
China Morning Post"
Remarks on Equity Division Reform of the
Company (Abstract)
Page C20 of "Shanghai
Securities News"
March 6, 2006 www.sse.com.cn
Announcement on Resolutions of the 7th
Meeting of the 5th Board of Directors
Page C20 of "Shanghai
Securities News"
March 6, 2006 www.sse.com.cn
Notice on Convening Shareholders' Meeting
on 2006 Equity Division Reform relevant to
A Share
Page C20 of "Shanghai
Securities News"
March 6, 2006 www.sse.com.cn
Announcement on Negotiation and Adjustment
of the Scheme of Equity Division Reform
Page A15 of "Shanghai
Securities News"
March 15, 2006 www.sse.com.cn
2005 Annual Report (Abstract) Page C11 of "Shanghai
Securities News"
Page B4 of "South
China Morning Post"
March 21, 2006 www.sse.com.cn
Announcement on Resolutions of the 8th
Meeting of the 5th Board of Directors
Page C11 of "Shanghai
Securities News"
Page B4 of "South
China Morning Post"
March 21, 2006 www.sse.com.cn
Announcement on Resolutions of the 4th
Meeting of the 5th Board of Supervisors
Page C11 of "Shanghai
Securities News"
Page B4 of "South
China Morning Post"
March 21, 2006 www.sse.com.cn
Notice on Convening the 2005 Annual General
Meeting of Shareholders
Page C11 of "Shanghai
Securities News"
Page B4 of "South
China Morning Post"
March 21, 2006 www.sse.com.cn
First Prompt Announcement on Convening
Shareholders' Meeting on 2006 Equity
Division Reform relevant to A Share
Page C23 of "Shanghai
Securities News"
March 22, 2006 www.sse.com.cn
Announcement on Receiving the Written Reply
on the Scheme of Equity Division Reform
from Shanghai State-owned Assets
Supervision and Administration Commission
Page C74 of "Shanghai
Securities News"
March 29, 2006 www.sse.com.cn
Second Prompt Announcement on Convening
Shareholders' Meeting on 2006 Equity
Division Reform relevant to A Share
Page C17 of "Shanghai
Securities News"
April 3, 2006 www.sse.com.cn
Notice on Cancellation of Some Proposals to
be Submitted and Addition of Provisional
Proposals to Annual General Shareholders'
Meeting of 2005
Page C37 of "Shanghai
Securities News"
Page B17 of "South
China Morning Post"
April 7, 2006 www.sse.com.cn
Announcement on Voting Results of Page C31 of "Shanghai April 11, 2006 www.sse.com.cn
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
99
Shareholders' Meeting on 2006 Equity
Division Reform relevant to A Share
Securities News"
Notice on Adding Provisional Proposals to
the Annual Shareholders' Meeting of 2005
Page C5 of "Shanghai
Securities News"
Page A5 of "Hong Kong
Commercial Daily"
April 15, 2006 www.sse.com.cn
Announcement on Daily Associative
Transactions in 2006
Page C5 of "Shanghai
Securities News"
Page A5 of "Hong Kong
Commercial Daily"
April 15, 2006 www.sse.com.cn
First Quarterly Report of 2006 Page C71 of "Shanghai
Securities News"
Page B13 of "South
China Morning Post"
April 20, 2006 www.sse.com.cn
Announcement on Resolutions of Annual
General Shareholders' Meeting of 2005
Page C19 of "Shanghai
Securities News"
Page B6 of "South
China Morning Post"
May 9, 2006 www.sse.com.cn
Announcement on Receiving the Written Reply
on the Scheme Equity Division Reform from
the Ministry of Commerce
Page B27 of "Shanghai
Securities News"
May 15, 2006 www.sse.com.cn
Announcement on Implementation of the
Scheme of Equity Division Reform
Page B20 of "Shanghai
Securities News"
May 17, 2006 www.sse.com.cn
Announcement on Dividend Distribution for
2005
Page B43 of "Shanghai
Securities News"
Page B6 of "South
China Morning Post"
May 30, 2006 www.sse.com.cn
Announcement on Resolutions of the 11th
Meeting of the 5th Board of Directors
Page B14 of "Shanghai
Securities News"
Page B3 of "South
China Morning Post"
June 8, 2006 www.sse.com.cn
7. Financial Report
1) Auditing Report
The financial statements and their annotations of the report period have not been
audited.
2) Financial statement
Balance Sheet as of June 30, 2006 (Unaudited)
Compiling unit: Shanghai Tyre & Rubber Co., Ltd. unit: RMB
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
100
Consolidated Parent company
Item Closing
balance
Beginning
balance
Closing
balance
Beginning
balance
Current assets:
Monetary fund 704,231,348.00 522,607,486.33 470,768,238.55 218,042,662.26
Short-term investment 0.00 --- --- ---
Notes receivable 104,156,965.16 170,106,368.34 165,619,130.47 275,707,885.56
Dividend receivable 0.00 11,148,464.92 --- 11,138,023.57
Interest receivable 0.00 --- --- ---
Account receivable 637,221,402.05 633,870,488.14 547,377,041.27 439,892,402.29
Other receivables 425,198,839.15 482,153,738.31 720,019,823.23 612,732,466.02
Advance money 268,041,547.37 102,719,393.27 82,453,489.97 65,250,892.10
Cover deficit by state
subsidies of receivable
508,090.19 508,090.19 --- ---
Inventory 1,232,318,047.86 967,214,894.61 830,447,440.54 628,324,963.44
Deferred and prepaid
expenses
4,561,816.44 37,151.00 262,321.60
Long-term Creditor's
rights investment due
within one year
Other current assets
Total of current assets 3,376,238,056.22 2,890,366,075.11 2,816,947,485.63 2,251,089,295.24
Long-term investment
Long-term equity
investment
472,827,419.33 483,200,328.36 746,889,896.39 849,216,209.09
Long-term creditor's
rights investment
0.00
Total of long-term
investments
472,827,419.33 483,200,328.36 746,889,896.39 849,216,209.09
Incl.: consolidated
price differences
26,669,106.99 28,931,151.61
Incl.: equity
investment balance
Fixed assets:
Original price of fixed
assets
4,094,180,961.01 4,103,246,846.31 2,718,097,837.54 2,717,297,046.96
Less: accumulated
depreciation
1,819,476,822.29 1,743,423,158.66 1,348,760,488.31 1,292,144,720.88
Net value of fixed
assets
2,274,704,138.72 2,359,823,687.65 1,369,337,349.23 1,425,152,326.08
Less: depreciation
reserves for fixed
assets
186,915,046.03 187,137,134.87 108,201,696.29 108,201,696.29
Net fixed assets 2,087,789,092.69 2,172,686,552.78 1,261,135,652.94 1,316,950,629.79
Engineering materials 798,319.52 519,984.52 482,014.57 192,699.57
Project in construction 574,817,013.32 356,921,109.21 83,851,972.21 35,453,102.14
Disposal of fixed
assets
-164,425.98 --- --- ---
Total of fixed assets 2,663,239,999.55 2,530,127,646.51 1,345,469,639.72 1,352,596,431.50
Intangible assets and
other assets:
Intangible assets 274,983,399.84 114,520,877.87 42,472,646.33 42,772,888.61
Long-term deferred and 5,758,278.63 5,021,251.18 --- ---
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
101
prepaid expenses
Other long-term assets 15,518,388.88 14,758,369.04 786,585.58 ---
Total of intangible and
other assets
296,260,067.35 134,300,498.09 43,259,231.91 42,772,888.61
Deferred taxes:
Debit item of deferred
taxes
Total of assets 6,808,565,542.45 6,037,994,548.07 4,952,566,253.65 4,495,674,824.44
Head of the enterprise: Fan Xian Chief of accounting work: Xue Jianmin
Head of the accounting department: Xue Jianmin
Balance Sheet as of June 30, 2006 (Continued)
Compiling unit: Shanghai Tyre & Rubber Co., Ltd. unit: RMB
Consolidated Parent company
Item
Closing
balance
Beginning
balance
Closing
balance
Beginning
balance
Current liabilities:
Short-term loans 1,812,652,904.96 1,578,179,701.14 1,451,399,104.96 1,145,474,560.82
Notes payable 215,222,859.08 109,834,360.04 269,677,603.97 124,648,466.19
Account payable 625,135,437.62 633,077,304.38 268,544,336.85 277,703,659.90
Deposit received 287,248,797.65 103,280,040.82 7,379,957.12 3,227,065.97
Wages and salaries
payable
2,759,803.23 699,128.49 --- ---
Welfare expenses
payable
7,882,723.09 6,271,644.22 --- ---
Dividend payable 849,817.74 219,375.00 849,817.74 219,375.00
Taxes payable 127,802,368.91 165,495,423.82 40,125,344.93 72,231,423.62
Other payables to the
government
2,810,418.85 3,152,107.72 8,667.77 54,470.01
Other payables 404,299,500.47 361,232,145.03 236,912,977.47 218,583,475.45
Drawing expense in
advance
31,317,767.78 3,852,025.56 4,819,760.27 3,730,505.56
Anticipation
liabilities
Long-term debts due
within one year
751,711,045.54 771,091,729.10 693,338,830.71 694,589,300.52
Other current
liabilities
0.00 --- --- ---
Total of current
liabilities
4,269,693,444.92 3,736,384,985.32 2,973,056,401.79 2,540,462,303.04
Long-term liabilities:
Long-term loans 725,604,367.74 561,583,915.09 252,491,355.09 252,491,355.09
Bonds payable 0.00 --- --- ---
Long-term account
payables
93,863,544.23 93,863,544.23 6,079,172.60 6,079,172.60
Special payable 1,470,000.00 1,470,000.00 --- ---
Other long-term 0.00 --- --- ---
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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liabilities
Total of long-term
liabilities
820,937,911.97 656,917,459.32 258,570,527.69 258,570,527.69
Deferred taxes:
Credit item of deferred
taxes
Total of liabilities 5,090,631,356.89 4,393,302,444.64 3,231,626,929.48 2,799,032,830.73
Minority interest 222,957,437.10 164,378,865.51
Owner's equity (or
shareholders' equity):
Issued capital stock 889,467,722.00 889,467,722.00 889,467,722.00 889,467,722.00
Less: investment
returned
Net value of issued
capital stock
889,467,722.00 889,467,722.00 889,467,722.00 889,467,722.00
Capital surplus 584,257,066.75 584,257,066.75 685,371,489.00 675,464,094.86
Surplus reserve 40,787,870.44 40,787,870.44 16,285,585.47 16,285,585.47
Incl.: statutory
welfare reserve
13,026,472.99 13,026,472.99 3,460,630.87 3,460,630.87
Undistributed profit 101,802,645.35 87,412,709.03 129,814,527.70 115,424,591.38
Planned cash dividend
for distribution
Differences arising
from the translation of
foreign currency
financial statements
Less: unconfirmed
investment loss
121,338,556.08 121,612,130.30
Total of owner's equity
(or shareholders'
equity)
1,494,976,748.46 1,480,313,237.92 1,720,939,324.17 1,696,641,993.71
Total of liabilities
and owner's equity (or
shareholders' equity)
6,808,565,542.45 6,037,994,548.07 4,952,566,253.65 4,495,674,824.44
Head of the enterprise: Fan Xian Chief of accounting work: Xue Jianmin
Head of the accounting department: Xue Jianmin
Profit and Statement of Profit Distribution from January to June 2006
Compiling unit: Shanghai Tyre & Rubber Co., Ltd. unit: RMB
Consolidated Parent company
Item Current
period
Same period
of last year
Current
period
Same period
of last year
1. Main business income 2,725,485,497.75 2,308,031,348.13 2,236,278,733.86 1,667,310,082.80
Less: Main business cost 2,386,606,498.64 1,901,012,876.74 2,077,420,193.75 1,443,121,165.49
Main business tax and
surtax
19,353,037.44 37,975,288.14 13,705,525.76 28,229,074.10
2. Main business profit 319,525,961.67 369,043,183.25 145,153,014.35 195,959,843.21
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
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(loss in "-")
Plus：Other business
profit (loss in "-")
46,335,332.69 39,091,519.59 37,881,478.04 29,364,312.32
Less: Operating expenses 130,455,633.02 122,479,285.32 33,825,982.39 36,758,592.61
Administrative expenses 152,302,607.68 157,911,006.04 63,351,388.41 38,457,158.53
Finance charge 64,652,947.63 59,454,386.40 48,012,994.88 48,661,016.06
3. Operating profit (loss
in "-")
18,450,106.03 68,290,025.08 37,844,126.71 101,447,388.33
Plus：Investment income
(loss in "-")
27,150,091.06 -23,508,679.39 19,073,563.77 -41,529,913.96
Subsidy income 995,000.00 1,189,192.00 --- ---
Non-operating income 7,365,796.69 155,980.86 1,959,747.82 4,358.48
Less: Non-business
expenditure
1,966,599.03 3,800,741.55 14,115.88 3,341,911.65
4. Total profit (total
loss in "-")
51,994,394.75 42,325,777.00 58,863,322.42 56,579,921.20
Less: Income tax 2,445,762.90 2,481,504.70
Less: Minority
shareholders' profit and
loss
-9,588,264.79 -17,006,388.08
Plus: Unconfirmed
investment loss
(consolidated statements)
-273,574.22 -270,739.18
5. Net profit (loss in "-
")
58,863,322.42 56,579,921.20 58,863,322.42 56,579,921.20
Plus: Undistributed profit
at the beginning of the
year
87,412,709.03 -823,747,252.90 115,424,591.38 -796,719,024.13
Others transferred in 796,719,024.13 796,719,024.13
6. Distributable profit 146,276,031.45 29,551,692.43 174,287,913.80 56,579,921.20
Less: withdrawal of
statutory surplus reserve
Withdrawal of statutory
welfare reserve
Withdrawal of staff bonus
and welfare fund
(consolidated statements)
Withdrawal of reserve fund
Withdrawal of enterprise
development fund
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
104
Return investment by
profit
7. Profit distributable to
shareholders
146,276,031.45 29,551,692.43 174,287,913.80 56,579,921.20
Less: Preference shares
dividends
Withdrawal of other
surplus reserve
Ordinary shares dividends 44,473,386.10 44,473,386.10
Ordinary shares dividends
converted to shares
8. Undistributed profit
(uncovered loss in "-"))
101,802,645.35 29,551,692.43 129,814,527.70 56,579,921.20
Supplementary
information:
1) Income from sale and
disposal of departments or
investment objects
9,953,882.97 -1,251,710.43 9,953,882.97 -4,357,586.80
2) Loss from natural
disaster
3) Increase (or decrease) of
total profit caused by
changes in accounting policy
4) Increase (or decrease) of
total profit caused by
changes in accounting
estimate
5) Loss from
reorganization of debts
6) Other
Head of the enterprise: Fan Xian Chief of accounting work: Xue Jianmin
Head of the accounting department: Xue Jianmin
Cash Flow Statement from January to June 2006
Compiling unit: Shanghai Tyre & Rubber Co., Ltd. unit: RMB
Item Consolidated Parent company
1 Cash flow from operating activities:
Cash received from selling products and rendering
service
3,410,189,648.43 2,790,305,484.12
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
105
Tax rebate received 9,485,937.83 2,481,028.28
Other cash received related to operating
activities
436,982,187.55 353,750,210.73
Subtotal of cash inflow 3,856,657,773.81 3,146,536,723.13
Cash paid for goods and service 2,899,699,728.04 2,445,055,153.34
Cash paid to and for employees 200,729,099.02 128,525,978.27
Taxes paid 115,166,222.59 75,325,499.10
Other cash paid related to operating activities 399,073,462.59 481,463,409.35
Subtotal of cash outflow 3,614,668,512.24 3,130,370,040.06
Net cash flow from operating activities 241,989,261.57 16,166,683.07
2. Cash flow from investment activities:
Cash received from investment return 47,186,650.16 46,885,601.38
Incl.: Cash received from selling subdiaries
Cash received from investment income 14,862,181.95 14,338,735.22
Cash received from disposal of fixed assets,
intangible assets and other long-term assets
1,973,213.20 ---
Other cash received related to investment
activities
--- ---
Subtotal of cash inflow 64,022,045.31 61,224,336.60
Cash paid for establishing fixed assets,
intangible assets and other long-term assets
405,023,372.01 39,665,914.26
Cash paid for investment 500,000.00 500,000.00
Other cash paid related to investment activities 27,861,127.44 ---
Subtotal of cash outflow 433,384,499.45 40,165,914.26
Net cash flow from investment activities -369,362,454.14 21,058,422.34
3. Cash flow from capital raising activities:
Cash received by absorbing investment 12,614,927.90 ---
Incl.: Cash received by subsidiaries absorbing
investment from minority equity
12,614,927.90
Cash received from loans 1,890,919,446.19 1,438,919,446.19
Other cash received related to capital raising
activities
--- ---
Subtotal of cash inflow 1,903,534,374.09 1,438,919,446.19
Cash paid for debts 1,492,044,661.30 1,132,772,661.30
Cash paid for distribution of dividend and profit
or liquidation of interest
101,465,772.36 90,000,897.69
Incl.: Dividend paid to minority shareholders
Other cash paid related to capital raising
activities
--- ---
Incl.: Cash paid to minority shareholders by
decrease of capital of subsidiaries
Subtotal of cash outflow 1,593,510,433.66 1,222,773,558.99
Net cash flow from capital raising activities 310,023,940.43 216,145,887.20
4. Influence of change in exchange rate on cash -1,026,886.19 -645,416.32
5. Net increase of cash and cash equivalents 181,623,861.67 252,725,576.29
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
106
Head of the enterprise: Fan Xian Chief of accounting work: Xue Jianmin
Head of the accounting department: Xue Jianmin
Cash Flow Statement from January to June, 2005 (continued)
Compiling unit: Shanghai Tyre & Rubber Co., Ltd. unit: RMB
Supplementary information Consolidated Parent company
1. Translation of net profit into cash flow of
operating activities:
Net profit 58,863,322.42 58,863,322.42
Plus：minority shareholders' profit and loss
(loss in "-")
-9,588,264.79 ---
Less: unconfirmed investment loss 273,574.22 ---
Plus: appropriation of provision for assets
impairment
807,890.63 -4,265,753.11
Depreciation of fixed assets 87,454,127.62 57,279,955.41
Amortization of intangible assets 2,688,978.03 300,242.28
Amortization of long-term deferred and prepaid
expenses
737,027.45 ---
Decrease of Deferred and prepaid expenses ("-":
increase)
-4,524,665.44 -262,321.60
Increase of accrued expenses ("-": decrease) 27,465,742.22 1,089,254.71
Loss from disposal of fixed assets, intangible
assets and other long-term assets ("-": income)
1,548,246.56 -45,884.12
Loss from fixed assets retirement 3,257.13 ---
Finance charge 62,472,115.72 47,674,133.31
Investment loss ("-": income) -27,150,091.06 -19,073,563.77
Deferred taxation credit ("-": debit) --- ---
Decrease of inventory ("-": increase) -264,611,639.69 -202,122,477.10
Decrease of operating receivables ("-": increase) -26,113,493.29 -69,289,921.83
Increase of operating payables ("-": decrease) 332,210,282.28 146,019,696.47
Other --- ---
Net cash flow from operating activities 241,989,261.57 16,166,683.07
2. Investment and capital raising activities not
concerning cash revenue and expenditure:
Capitalization of debts
Convertible bonds due within one year
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
107
Fixed assets leased by financing
3. Increase of cash and cash equivalent:
Closing balance of cash 704,231,348.00 470,768,238.55
Less: Beginning balance of cash 522,607,486.33 218,042,662.26
Plus: Closing balance of cash equivalents --- ---
Less: Beginning balance of cash equivalents --- ---
Net increase of cash and cash equivalents 181,623,861.67 252,725,576.29
Head of the enterprise: Fan Xian Chief of accounting work: Xue Jianmin
Head of the accounting department: Xue Jianmin
Assets Impairment Statement (Consolidated)
June 30, 2006
Compiling unit: Shanghai Tyre & Rubber Co., Ltd. unit: RMB
Item
Beginning
balance
Increase
during current
period
Decrease
during
current
period
Closing balance
Total of bad debt
reserves
428,716,458.93 8,958,159.09 7,760,476.22 429,914,141.80
Incl.: Accounts
receivable
302,259,707.74 8,958,159.09 7,334,826.08 303,883,040.75
Other
receivables
126,456,751.19 425,650.14 126,031,101.05
Total of provision
for short-term
investment
depreciation
--- --- --- ---
Incl.: Stock
investment
Bond
investment
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
108
Total of provision
for inventory
depreciation
15,950,292.26 --- 491,513.56 15,458,778.70
Incl.: Inventory
goods
3,566,688.25 491,513.56 3,075,174.69
Raw materials
2,264,080.93 2,264,080.93
Total of provision
for long-term
investment
depreciation
28,760,891.52 --- 389,792.24 28,371,099.28
Incl.: long-term
equity investment
28,760,891.52 389,792.24 28,371,099.28
Long-term
creditor's rights
investment
Total of provision
for fixed assets
impairment
187,137,134.87 --- 222,088.84 186,915,046.03
Incl.: Houses and
buildings
53,614,789.78 - - 53,614,789.78
Machinery and
equipment
119,048,784.50 0.00 222,088.84 118,826,695.66
Provision for
intangible assets
impairment
--- --- --- ---
Incl.: Patent right
Ownership of
trademarks
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
109
Provision for
depreciation of
projects in progress
873,470.99 --- --- 873,470.99
Provision for
depreciation of
entrusted loans
--- --- --- ---
Total of assets
impairment
661,438,248.57 8,958,159.09 8,863,870.86 661,532,536.80
Head of the enterprise: Fan Xian Chief of accounting work: Xue Jianmin
Head of the accounting department: Xue Jianmin
Assets Impairment Statement (Parent Company)
June 30, 2006
Compiling unit: Shanghai Tyre & Rubber Co., Ltd. unit: RMB
Item
Beginning
balance
Increase
during
current
period
Decrease
during
current
period
Closing
balance
Total of bad debt reserves
314,053,038.71 --- 4,248,791.73 309,804,246.98
Incl.: Accounts receivable
294,591,364.98 4,248,791.73 290,342,573.25
Other receivables
19,461,673.73 19,461,673.73
Total of provision for short-term
investment depreciation
--- --- --- ---
Incl.: Stock investment
Bond investment
Total of provision for inventory
depreciation
1,877,588.83 --- --- 1,877,588.83
Incl.: Inventory goods
Raw materials
1,877,588.83 1,877,588.83
Total of provision for long-term
12,483,305.46 --- 16,961.38 12,466,344.08
上海轮胎橡胶（集团）股份有限公司 2006 年中期报告
110
investment depreciation
Incl.: long-term equity
investment
12,483,305.46 16,961.38 12,466,344.08
Long-term creditor's rights
investment
Total of provision for fixed
assets impairment
108,201,696.29 --- --- 108,201,696.29
Incl.: Houses and buildings
1,093,114.64 1,093,114.64
Machinery and equipment
93,657,625.25 93,657,625.25
Provision for intangible assets
impairment
--- --- --- ---
Incl.: Patent right
Ownership of trademarks
Provision for depreciation of
projects in progress
--- --- --- ---
Provision for depreciation of
entrusted loans
--- --- --- ---
Total of assets impairment
436,615,629.29 --- 4,265,753.11 432,349,876.18
Head of the enterprise: Fan Xian Chief of accounting work: Xue Jianmin Head of the
accounting department: Xue Jianmin
SHANGHAI TYRE & RUBBER CO., LTD
NOTES TO THE SEMI YEAR FINANCIAL STATEMENTS OF 2006
1. Corporation Information
Shanghai Tyre & Rubber Co., Ltd (the “Company”), whose precedent is Shanghai Tyre &
Rubber (Group) Co., was approved to incorporate into a Sino-foreign joint company limited by
shares in May 1992. It was in December 1992 that the Company’s share went public listing in
SSE. The registration number of the renewed business license is QGHZZD019010. In 2003 the
registration address of the Company was revised as Room 605, No.1251 Jiangchuan Road,
Minhang District, Shanghai. Tax registration certificate number of the Company is
310043607218997. Legal representative of the Company is Fan Xian. As of 30 June 2006, share
equities amount to 889,467,722.00 Yuan, comprising 589,841,461.00 Yuan owned by the State;
11,910,261.00 Yuan owned by state-owned legal persons; 5,720,000.00 Yuan owned by legal
persons; 38,896,000.00 Yuan ordinary shares and 243,100,000.00 Yuan domestically listed
foreign investment shares. The Company is in the manufacturing industry. The principal
activities of the Company are the manufacture of various types of rubber tyres, rubber shoes,
other rubber products, rubber related materials and auxiliary materials, rubber manufacture
machineries, moulds as well as production and sale of rubber related steel silk (not including
restricted items). The major products of the Company are rubber tyres of various types.
2. Principal accounting policies, estimates and consolidation basis adopted by the Company
2.1 Accounting System adopted
The Accounting Standard for Business Enterprise of the People’s Republic of China and
Accounting Regulations for Business Enterprise of the People’s Republic of China and
Supplementary.
2.2 Fiscal year
Gregorian calendar, from January 1 to December 31
2.3 Recording currency
Recording currency is RMB.
2.4 Recording principle and valuation basis
The financial statements are prepared on accrual basis and follow the historical cost convention.
2.5 Transactions of foreign currencies
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
1
Foreign currency transactions are converted into RMB for recording purpose at the exchange
rate on the first day of the period when the transaction occurs. Adjustments are made to foreign
currency accounts according to the exchange rate prevailing on the balance sheet date.
Conversion differences arising from those specific borrowings are to be capitalized as part of the
cost of the construction in progress in the period before the fixed asset being acquired and
constructed has not yet reached its expected usable condition. Conversion differences arising
from other accounts and currencies are charged to financial expenses.
2.6 Conversion of financial statements in foreign currency:
According to CKZ(1995)11, except that the Owner’s equity items (excluding Undistributed
profit item) are converted into RMB at the exchange rate when the transaction occurs, Assets,
Liabilities and Profit&Loss Account items are converted into RMB at the the exchange rate
prevailing on the consolidated balance sheet date.
2.7 The recognition of cash equivalents
When preparing cash flow statement, investments which are kept for a short period of time
(matured within three months from the purchase date); with high liquidity; easily and readily
convertable to cash as well as with a low risk of value change will be recognised as cash
equivalents.
2.8 Short-term investment
a) Investments are recorded at the initial investment cost when the transaction occurs, plus any
related taxes and handling charges etc. Short-term investments arising from debtors under debt
restructuring are recorded at the book value of the debts receivable; Short-term investments
arising from non-monetary transactions are recorded at the book value of the assets surrendered.
b) Provision for impairment losses on short-term investment: At the interim and the year end, in
case the recoverable value of long-term investment is lower than the carrying amount, the
difference is recognized as a provision for impairment losses on short-term investment.
Provision for impairment loss is recognized by individual investment project.
c) The investment income is recognized when the short-term investment is disposed. The dividends
and interests shared received will be offset the investment cost or the related receivable.
2.9 Evaluation of bad debts
a) Recognition of bad debts: Uncollected accounts arising from repeal and liquidation of debtor
after taking legal clearance procedures, from the death of debtor leaving no assets to pay off and
nobody to assume the obligations, accounts past due with strong evidence to show the debtors
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
2
failed to repay obligations are considered as bad debts and shall be written off in accordance
with the approval of the board of directors.
b) Recording of bad debts: Using allowance method. Provision for Account receivable will be
recognized by aging analysis and specific identification method. Provision for other receivable
will be recognized by specific identification method.
c) Provision and provision rate for bad debts:
Aging Provision rate
Within 1 year 5%
1-2 years 30%
2-3 years 50%
Over 3 years 100%
2.10 Inventory
a) Category
Materials in transit, raw materials, containers, low cost and short lived articles, finished goods
(including purchased goods; self-made finished goods; self-made half-finished products),
consignment materials, delivered goods, consignment goods to be sold, entrusted goods to be
sold, delivered goods sold by installment, development products, development cost.
b) Evaluation method
i. The raw materials are recorded at the planned cost and at the end of month; the
planned cost is adjusted to actual cost based on material cost difference ratio.
ii. The inventories are recorded at actual cost when acquired and calculated using
weighted average method when issued.
Inventory arising from debtors under debt restructuring are recorded at the book
value of the debts receivable; inventory arising from non-monetary transactions are
recorded at the book value of the assets surrendered.
c) Amortization of low cost and short- lived articles and containers:
i. Tyre mould are amortized under amortization method
ii. Others are amortized under lump-sum amortization method
iii. Inventories developed or produced for leasing purpose are recorded under “Other
long-term assets” on balance sheet.
d) Accounting for land developing:
i. Land developing project: the expenditures incurred in the process of land developing
are recorded individually as the costs of the land developing；
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
3
ii. Land developing with real estate: the expenditures should be allocated to the cost of
real estates respectively on square meters actual occupied basis.
e) Accounting for public facilities expenditures
i. 1. Untradeable public facilities：allocated to the cost of real estaste on earning
proportion basis；
ii. 2. Tradeable public facilities: the expenditures incurred should be recorded to related
facilities cost item.
f) Amortisation for development products under lease
The cost of development products under lease should be amortized evenly over its life in its
certificate of proprietary rights. The amortization period should not exceed 50 yeasrs. The
amortization is accounted for operating cost of development products undr lease by month.
g) List of development products under lease at year-end
The carrying amount of the development products held with an intention for lease should be
listed undr the item of ‘Other long-term assets’ in the balance sheet.
h) System of stock inventory: Perpetual inventory system
i) Provision for diminution in value of inventory
After the interim and year-end stocktaking, provision for diminution in value of inventory is
recognized (by individual unit) based on the lower of the cost and the net realizable value of
inventory.
Provision for diminution in value of inventory is recognized by individual item.
2.11 Long-term investment
a) Investments are recorded at the initial investment cost when the transaction occurs, plus any
related taxes and handling charges etc. Equity investments arising from debtors under debt
restructuring are recorded at the book value of the debts receivable; Equity investments arising
from non-monetary transactions are recorded at the book value of the assets surrendered.
b) Valuation of long-term equity investment: If company holds no control, or no control with
associates, or has no significant influence on the investee enterprise, cost method is adopted;
otherwise equity method is used. While equity method is used, amortization of discount on
acquisition of long term equity investment: In case the contract stipulates the terms of
investment, the discount is amortized in line with the term of investment, otherwise 10-year
straight-line amortization method is adopted. Difference arising from initial investment cost and
the share of investee’s net assets are charged to Surplus Reserve Provision for equity investment.
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
4
The differences occurred before 2003 should be amortized under previous principal. Differences
arising from new investment thereafter should be dealt in accordance with CK (2004) No. 3.
c) Valuation of long-term debt investment: At the interim and year end, interest is accrued at the
rate stipulated in the contract or at the par rate on the debenture note and the surplus or discount
is amortized under straight line method. If the accrued interest cannot be received, cease to
accrue interest and reverse the accrued interest.
d) Provision for impairment losses on long-term investment: At the interim and year end, in case
the recoverable value of long-term investment is lower than the carrying amount, the difference
is recognized as a provision for impairment losses on long-term investment. Since 2004 when
making provision for impairment losses on long-term investment, differences arising from
equity investment recognized in previous period shall be dealt in accordance with CK (2004) No.
3.
Provision for impairment loss is recognized by individual investment project.
2.12 Valuation of entrusted loan
The entrusted loans are recorded at the actual amount. At the year-end, the Company calculates
the interests receivable at the relevant rate stipulated in the entrusted loan contract. If the
accrued interests cannot be received; the Company stops calculating the interests receivable and
writes off the accrued interests.
At the interim and year-end, a provision for impairment losses on entrusted loan is recognized
when the recoverable amount of entrusted loan is lower than the carrying value.
2.13 Fixed assets and depreciation
a) Fixed assets are tangible assets held for the purpose of manufacturing, rendering services,
lending or managing and held for over one year with high unit cost.
b) Fixed assets are categorized as Buildings and Constructions, Specific equipment, General
equipment, Transportation equipment, Others, Improvement on Fixed Assets and Expenditure
for Leased Fixed Assets Improvement.
c) Fixed assets are usually recorded at the actual cost.
Fixed assets arising from debtors under debt restructuring are recorded at the book value of the
debts receivable; fixed assets arising from non-monetary transactions are recorded at the book
value of the assets surrendered.
The financial leased assets are recorded at the original book value at the beginning of the lease
or the present value of the lowest lease payment whichever is lower. If the financial leased
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
5
assets amount to or less than 30% of the total asset of the Company, the financial leased assets
are recorded at the lowest lease payment
d) Depreciation of fixed assets is provided for on a straight-line basis. The annual depreciation
rate will be set according to the fixed asset category, estimated useful life and residual rate.
The estimated useful life and residual rate of fixed assets excluding the Soap Group and its
subsidiaries:
Items Estimated Residual rate Annual
depreciation
Useful life
(year)
(%) Rate (%)
Buildings and constructions 30 5 3.17
Specific equipments 15 5 6.33
General equipments 15 5 6.33
Transportation equipments 5 5 19
Others 5 5 19
The estimated useful life and annual depreciation rate of fixed assets adopted by Soap Group and
its subsidiaries:
Items Estimated Residual rate Annual
depreciation
Useful life
(year)
(%) Rate (%)
Buildings and constructions 10-50 3-10 9.7-1.8
Specific equipments 10-20 3-10 9.7-4.5
General equipments 5 3-10 19.4-18
Transportation equipment 5-10 3-10 19.4-9
Others 5 3-10 19.4-18
Depreciation of improvement on fixed assets that can be capitalized is provided for on a straightline
basis during the interval between the two improvements, or remaining useful life whichever
is shorter. Depreciation of operating lease assets improvement expenses is provided for on a
straight-line basis during the remaining leasehold period or remaining useful life whichever is
shorter.
Depreciation of financial lease assets is provided for during the remaining useful life if the
Company is certain to obtain the ownership of the assets after the leasehold period is over;
Depreciation of financial lease assets is provided for during the leasehold period or remaining
useful life whichever is shorter if the Company is not certain to obtain the ownership of the assets
after the leasehold period is over. Depreciation of improvement on financial lease assets that can
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
6
be capitalized is provided for on a straight-line basis during the interval between the two
improvements, remaining leasehold period or remaining useful life whichever is shortest.
e) Recognition of impairment losses for fixed assets:
At the interim and the year end, a provision for impairment losses on fixed assets is recognized
item by item when the recoverable amount of fixed assets is lower than the carrying amount due
to continuing decline of market prices, technological obsolescence, or the assets are damaged or
redundant for a long period.
The provision is recognized by individual item.
2.14 Construction in progress
a) Construction in progress is recorded at actual cost on the basis of identified projects and
transferred to fixed asset when it has reached its working condition for its expected situation. In
case the final project accounts have not been completed or approved, the asset should be
transferred to fixed assets at an estimated value after the project accounts have been approved,
the estimated values should be adjusted accordingly.
b) Recognition of impairment losses for CIP
At the interim and year-end, a provision for impairment losses on CIP is recognized for those
projects where construction work has been suspended for a long period of time and is not
expected to re-commence in three years, or with uncertainty of the economic benefits brought to
the enterprise due to technological obsolescence, etc.
Provision for impairment losses for CIP is recognized by individual project.
2.15 Intangible assets, deferred assets and other assets
a) Intangible assets arising from debtors under debt restructuring are recorded at the book value of
the debts receivable; Intangible assets arising from non-monetary transactions are recorded at the
book value of the assets surrendered.
b) Amortization is provided for on a straight-line basis. If the beneficial period or the eligible
period is set either in the contract or in the law, amortization is provided for not longer than the
period set; if the period is set in both the contract and in the law, the shorter one is applicable; if
the period is set neither in the contract nor in the law, the period amortized can not be over ten
years.
c) Recognition of impairment losses for intangible assets:
At the interim and year-end, a provision for impairment losses on intangible assets is recognized
in accordance with the difference between the recoverable amount and the carrying amount in
case that the intangible asset is replaced by other new technologies that adversely affect its
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
7
ability to generate economic benefits; the market value of the intangible asset has declined
significantly during the period and it is not expected to recover during the remaining
amortization period; the legal protection period for the intangible asset has lapsed but it still has
some value for use.
The impairment loss is recognized by individual item.
2.16 Long-term deferred assets
a) Preliminary expenses are charged into the profit and loss account in the first month
when the Company’s operation commences.
b) Other long-term assets are amortized evenly over the beneficial period, among which: the
expenses for operating lease are amortized over the period stipulated in the contract.
2.17 Borrowing Costs
a) Ancillary costs incurred in connection with the arrangement of specific borrowings are
capitalized before the relevant assets being acquired or constructed is ready for its intended use.
If the amount of ancillary costs is insignificant, it may be recognized as an expense in the period
when incurred.
The interest, amortization of surplus or discounts and exchange difference of specific
borrowings should meet three criteria before capitalized: the capital costs have been occurred;
the borrowing costs have been occurred; the acquisition and construction for the relevant assets
to be ready for its intended use have been occurred.
When the acquisition and construction work has been halted abnormally and continuously for
over three months, the borrowing costs cease to be capitalized. When relevant assets being
acquired or constructed is ready for its intended use, the borrowing costs cease to be capitalized.
When part of relevant assets being acquired or constructed is ready for its intended use and can
be used individually, the relevant borrowing costs cease to be capitalized.
Ancillary costs incurred in connection with other borrowings are recognized as an expense in
the period when incurred.
b) The capitalized amount of borrowing costs is calculated semi annually.
c) The capitalized amount of interest for each accounting period=the weighted average of the
accumulated costs of relevant assets being acquired or constructed up till the balance sheet date
* weighted average rate of borrowing interest
The ancillary costs and exchange difference that meet the capitalization requirements are
allowed to be capitalized directly at the actual amounts incurred.
2.18 Estimable liabilities
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
8
The contingencies are recorded as estimable liabilities when they meet the following criteria:
a) It is a current liability assumed by the Company.
b) The carrying out of this liability probably causes benefit outflow from the Company.
c) The amount of the liability can be measured reliably.
2.19 Recognition of revenue:
a) Sale of goods:
Revenue from the sale of goods is recognized when the enterprise has transferred to the buyer
the significant risks and rewards of ownership of the goods; the enterprise retains neither
continuing managerial involvement to the degree usually associated with ownership nor
effective control over the goods sold; it is probable that the economic benefits associated with
the transaction will flow to the enterprise; and the relevant amount of revenue and costs can be
measured reliably.
b) Rendering of services:
When the provision of services is started and completed within the same accounting year,
revenue is recognized at the time of completion of the services, receipt of the proceeds or
obtaining the evidence to receive proceeds.
When the provision of services is started and completed in different accounting years and the
outcome of a transaction can be estimated reliably, revenue is recognized using the percentage
of completion method at the balance sheet date.
c) Transferring property rights:
Revenue from the transferring property rights is recognized when the company enjoys the
benefit, and the amount of the income can be measured reliably.
d) Lease real estate:
Revenue from the lease of real estate is recognized when
i. Have lease contract、agreement or other advise of settlement.accepted by lessee;
ii. Fulfill the contract, issue the sales invoice andreceived the money or will receive the
money reliably.
iii. The revelant amount of costs can be measured reliably.
2.20 Recognition of Unconfirmed loss from investments:
If the investee suffers a loss, the Company assumes the related loss proportionately to the stock
held and offset the book value of long-term equity invest. The usual limit is that when the longterm
equity investment is offset to zero. The unconfirmed loss is recognized as unconfirmed loss
from investments at balance sheet and statement of profit appropriation when preparing
consolidated financial statements.
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
9
2.21 Enterprise income tax:
Using enterprise income tax payable method
2.22 The basis for preparing consolidated financial statements
a) According to , the consolidated
financial statements are prepared according to the individual financial statements and other
materials of the company and the subsidiaries. However, companies in special industry and
subsidiaries of small size that consist with the are not to be consolidated. The equity investment within the group will be offset with
the owner’s equity of the subsidiaries, as well as investment income within the group with
profit appropriation of the subsidiaries and; transaction and liabilities within the group;The
surplus reserve will be adjusted accordingly.
b) No significant difference between the accounting policies and methods adopted by the parent
company and subsidiaries.
3 Taxation
3.1 The main applicable tax and tax rate within the group
Note：On March 21, 2006，Ministry of Finance and State Administration of Taxtion
issued a notice jointly, in which the Comsumption Tax on BIAS tyres had been adjusted.
The taxation rate on BIAS tyres is dercreased from previous 10% to 3％. The taxation
rate on RADIAL tyre is still 0%. The adjustment will be excuted from April 1, 2006.
3.2 Tax rebates
Enterprise income tax:
Item Rate Note
VAT 17% Goods (products) sales
13% Rubber sales
Consumption Tax 10% Sales of type within the production
cycle
（Exclude Radial tyre） (Note)
8% Shampoo products of the Soap
Group
Business Tax 5% 5% for other business
Enterprise income tax 27% Parent company and Shanghai
Soap Manufacturing Co., Ltd.
33%
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
10
The enterprise income tax of Shanghai Tyre & Rubber Real Estate Management Company,
registered in Pudong New Area, is levied at the rate of 15% since 1994 according to HCQY
(1994) 158.
The enterprise income tax of Shanghai Tyre & Rubber Co., Ltd. Supply and Marketing Co.,
Ltd., registered in Pudong New Area, is levied at the rate of 15% since June 1995 according to
HCQY (1996) 20.
The enterprise income tax of Shanghai Peony Printing Ink Co., Ltd. is levied at the rate of 15%
for 2006.
4. Consolidated subsidiaries of the parent company:
a) The headquarter of Shanghai Tyre&Rubber Co.,Ltd.
b) Shanghai Tyre&Rubber Co.,Ltd. Zhengtai Rubber Factory (Note)
c) Shanghai Tyre&Rubber Co.,Ltd. Dazhonghua Zhengtai Co.,Ltd.
d) Shanghai Tyre&Rubber Co.,Ltd. Shuangqian Heavy Tyre Co.,Ltd.
5. The variance of consolidation scope：
In current period, the number of consolidated companies is one less. In the 11th meeting
of the 5th session of the Board, the proposal of transfer shares of Shanghai Tyre and
Rubber (Group) Rugao Investment Co., Ltd. was approved. The registered capital of
Shanghai Tyre and Rubber (Group) Rugao Investment Co., Ltd is 87.50 million. Shanghai
Tyre and Rubber (Group) Co., Ltd. invested 71.60 million, dominated 81.83% of
registered capital. Shanghai Tyre and Rubber (Group) Co., Ltd. sold it to natural person at
81 million. In current period Shanghai Tyre and Rubber (Group) Rugao Investment Co.,
Ltd.is not included in the consolidation scope.
6. The controlled subsidiaries and joint ventures
a) All the subsidiaries and joint ventures controlled by the company and the extent of consolidation:
(Unit: RMB)
Investee Registered capital
Business scope
Actual
investment
from parent
company
Percentag
e of
ownership
Percentage
of
consolidatio
n
Consolidated
(Yes/No) Note
Shanghai Soap
(Group) Co., Ltd 160,690,000 Domestic trading 180,000,000 60% 60% Yes (Note 1)
Shanghai Tyre &
Rubber Co., Ltd.
Tyre Research
Institute
30,000,000
Research and develop of tyres. 30,000,000 100% 100% Yes (Note 1)
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
11
Shanghai Tyre and
Rubber (Group)
Rugao Co., Ltd
Registered capital
USD 36,270,000;
Manufacture, process, assembl
ing of tyres, rubber shoes
and other rubber products, mat
erials, machineries and mould
s, etc.
USD
18,740,709,000 51.6% 51.6% Yes (Note 2)
Shanghai Tyre &
Rubber Co., Ltd
Supply and
Marketing Co., Ltd.
21,000,000.00
Production of rubber products,
building materials and
electrical parts 19,000,000
90.48%
100% Yes （Note 2）
Shanghai Da Fu
Rubber Co., Ltd. 36,670,000.00 Production and sale of rubber
tyres 33,000,000 90% 100% Yes （Note 2）
Shanghai Xing Ye
Development
Company
145,580,000.00
Trading of rubber products,
metal materials and electrical
parts
131,022,000 90% 100% Yes （Note 2）
Shanghai Tyre &
Rubber Co.,Ltd
Sijing Rubber
Factory
28,510,000.00
Production of inner tubes 22,736,725 79.75% 79.75% Yes （Note 1）
Shanghai Tyre &
Rubber Co.,Ltd
Donghai Rubber
Factory
14,680,000.00
Production of rubber tyres 9,542,000 65.00% 65% Yes （Note 1）
Shanghai Double
Coin Biyuan Real
Estate Co. Ltd
10,000,000
Real estate development,
management and lease. 9,000,000 90% 90% Yes (Note 1)
Haikou Fuhua Tyre
Sales Co., Ltd. 2,000,000
Production and sale of
machinery for production of
rubber and rubber products
1,800,000 90.00% 90% No （Note 1）
Shanghai Tyre and
Rubber Machinery
Mould Co., Ltd.
18,000,000
Rubber machinery, mould and
technology service 22,497,487.86 43.68% 51% No (Note 2)
Shanghai Tyre &
Rubber Joint
Venture Co., Ltd
5,070,000
Domestic business and
material supplying 3,300,000.00 59.6745% 69.6203% No (Note 2)
Shanghai Rubber
Industry Supply and
Marketing Co., Ltd.
8,500,000
Wholesale, retail and process 8,000,000 94.12% 94.12% No （Note 1）
Xiamen Huili
Industrial and
Trading Co., Ltd.
1,600,000.00
Wholesale and retail of
chemical raw material, other
food products, textile,
commodity, building materials
1,600,000 100.00% 100% No （Note 1）
Hainan Huili
Industrial and
Trading Co., Ltd.
900,000
Rubber products, steel wire,
tyre, chemical raw material 900,000 100.00% 100% No （Note 1）
America Shanghai
T.R Co., Ltd. USD 200,000 Sales of tyres 1,218,280 70% 70% No （Note 1）
Shanghai Shanglun
Labour Service Co. 100,000.00 Labor service rendering and
labor protect consultancy 80,000 80% 100% Yes (Note 1)
Shanghai Tyre &
Rubber Real Estates
Development
Co.,Ltd.
20,000,000
Property development,
building and decoration
materials
100% Yes （Note 3）
Shanghai Tianfu
Real Estates
Development Co.,
Ltd.
USD 11,400,000
Development, sales, lease of
property. Shops, restaurants,
entertainments.
60% Yes （Note 3）
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
12
Shanghai Xinxing
Trading Co., Ltd. 600,000
Rubber products, hardwares,
motorcycle, machinery,
automobile fittings, building
materials decoration materials,
Steel, woods
100% No (Note 3)
Shanghai Aihua
Testing Equipment
Servicing
30,000
Fixing equipment, technology
consulting and sales of
equipment parts
100% No (Note 3)
Shenzheng
Shanglun Trading
Co., Ltd.
1,100,000
Supply and market business
and materials domestically 100% No (Note 4)
Shanghai Shanglian
Chemical
Development Co.,
Ltd.
3,810,000
Tyre process, chemical raw
materials and products. 100% No (Note 3)
Shanghai Zhengli
Rubber Industrial
and Trading Co.,
Ltd.
1,004,000
Rubber products, hardwares,
motorcycle, machinery,
automobile fittings, building
materials decoration materials,
Steel, woods
100% No (Note 3)
Shanghai Calcium
Carbonate Factory 1,082,000
calcium carbonate （ for
industry use, medical use,
edible use）
100% No (Note 3)
Shanghai Zonglian
Rubber Co., Ltd. 1,060,000
Rubber products, hardwares,
machinery, automobile
fittings, building materials
decoration materials, Steel,
woods
100% No (Note 3)
Shanghai Zhenghua
Industrial and
Trading Co., Ltd.
1,000,000
Rubber products, hardwares,
Motorcycle tyre, machinery,
automobile fittings, building
materials decoration materials,
Steel, woods
100% No (Note 3)
Shanghai Xinye
Advertising Co.,
Ltd.
500,000
Design and produce of A.D. 100% No (Note 3)
Shanghai Xinming
Rubber Factory 1,500,000.00 Wholesale, retail, process of
tyres 94.67% No (Note 3)
Shanghai Baolun
Co., Ltd 500,000.00 Wholesale, retail and process
of tyre 80.00% No (Note 3)
Shanghai Dunxin
Trading Co., Ltd. 1,800,000.00
Sales of steel, woods, building
materials decoration materials
and hardwares
83.33% No (Note 3)
Shanghai Taihua
Leasing Co., Ltd. 3,500,000 Customer transportation, sales
of automobile fittings 90% No (Note 3)
Shanghai Hualun
Trading Co., Ltd. 1,700,000
Sales of rubber products,
hardwares, motorcycle,
machinery, automobile
fittings, construction and
decoration materials, steel,
woods, etc and rendering of
labor services
88.24% No (Note 3)
Shanghai Huili
Hotel 4,000,000
Service rendering of
accommodation, meals and
entertainment
80% No (Note 3)
Shanghai Shuangli
Property 500,000 Property management, house
leasing, labor service 90% No (Note 4)
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
13
Management Co.,
Ltd.
rendering; wholesale and retail
of construction materials,
steels and harewares, etc.
Shanghai Longtai
Fine Rubber Co.,
Ltd.
11,250,000
Tyre rubber products, airproof
accessories 53.33% No (Note 3)
Shanghai Fupu
Rubber Co., Ltd 3,000,000.00
Manufacture and process of
rubber, rubber products,
rubber moulds, etc.
80% No (Note 3)
Shanghai Tyre &
Rubber Co., Ltd.
Property Exchange
Department
500,000.00
Property management, house
leasing and exchange service 100% No (Note 3)
Tiankai Computer
System Co., Ltd. 1,000,000.00 Service provision in computer
and computer automation field 80% No (Note 3)
Shanghai White
Elephant Swan
Battery Co., Ltd.
35,000,000.00
Production and sale of
batteries and accessories 100% Yes (Note 4)
Shanghai Soaps
Group Products
Sales Co., Ltd.
10,000,000.00
Sales of soaps, washing
products, textiles, commodity 100% Yes (Note 4)
Shanghai Soaps
Factory 94,360,000.00 Production, sales of soaps,
washing products 100% Yes (Note 3)
Shanghai Printing
Ink Factory 17,282,000.00 Printing ink, dope, dye,
colophony 100% Yes (Note 3)
Shanghai Lingxu
Axunge Storage
Refinery Co., Ltd.
USD 700,000.00
Production and sales of axunge
for industrial use 65.27% Yes (Note 3)
Shanghai Peony
Printing Ink Co.,
Ltd.
85,000,000.00
Printing ink, dope, dye
colophony process 100% Yes (Note 4)
Moltech Holdings
Corporation USD 50,000.00
Engage in the activities
complied with the law of
Virgin Islands
70% Yes (Note 3)
Shanghai Keller
Chemicals Co., Ltd. USD 3,000,000.00 Production and sales of plastic
products 60% No (Note 3)
Sichuan Keller
Joint-Venture Co.,
Ltd.
2,000,000.00
Printing ink, dope, dye 51% No (Note 3)
Shanghai Soaps Co.,
Ltd.
USD
41,950,000.00
Production, sales of soaps,
washing products, textiles 75% Yes (Note 3)
Moltech Power
(Shanghai) Co., Ltd.
Registered Capital
USD
25,000,000.00
Paid-in capital
USD
18,505,000.00
Development, production,
process and sales of various
non-hydrargyric alkalinemanganese
battery and other
batteries
100% Yes (Note 3)
Moltech Power
(Rugao) Co., Ltd.
Registered Capital
USD
12,000,000.00
Paid-in capital
9,300,000.00
Development, manufacture
and sales of various nonhydrargyric
alkalinemanganese
battery and other
batteries
100% Yes (Note 3)
Moltech Power
systems Inc. USD 10,000.00
Engaged in the activities
complied with the law of
Florida
100% Yes (Note 3)
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
14
Moltech Power
Systems European
Operations
USD 233,000.00
Engaged in the activities
complied with the law 100% Yes (Note 3)
Shanghai Pudong
Sida Garden 32,500,000.00
Construction and decoration 、
chemical electronics、retail and whole
sale instrument for rubber industry
100% No (Note 5)
Note 1: Directly invested by Shanghai Tyre & Rubber Co., Ltd.
Note 2: Jointly invested by Shanghai Tyre & Rubber Co., Ltd. and its subsidiaries
Note 3: Directly invested by Shanghai Tyre & Rubber Co., Ltd.’s subsidiary
Note 4: Jointly invested by Shanghai Tyre & Rubber Co., Ltd.’s subsidiaries
Note 5: Directly invested by Shanghai Tyre & Rubber Co., Ltd.’s subsidiary and, are
recorded in equity method instead of previous cost method.
b) Subsidiaries not within the extent of consolidation：
i. Unconsolidated subsidiaries: Please see a)
ii. Reasons for not being consolidated:
Accord to CK (1996) No. 2 and refer to the
consolidation range announced by the foreign investors.
c) The controlled subsidiaries decreased due to disposal during the reporting period:
Subsidiary Disposed
Date of
Disposal/
Opening
balance
Current
asset
Long-term
investment
Fixed
asset
Other
assets
Current
liability
Long-term
liability
22,991,702.08 68,390,104.42 6,184,347.Shanghai Tyre and 59
Rubber (Group)
Rugao Investment
Co., Ltd.
22,991,702.08 68,390,104.42 6,184,347.59
Subsidiary Disposed Beginning of the
year to Disposal
date/2005
Revenue from
principal
operation
Profit from
principal
operation
Total profit Income
tax Net profit
--- --- --- --- ---
Shanghai Tyre and
Rubber (Group) Rugao
Investment Co., Ltd. 269,869,999.35 9,162,713.89 -4,176,794.13 -4,176,794.89
6 Notes to the main items of accounting statement (Amounts expressed are in RMB for
closing balance unless otherwise stated.)
6.1 Monetary assets:
ITEM ENDING BAL OPENING BAL
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
15
Cash on hand 470,774.68 344,323.06
Cash in bank 607,054,732.94 366,419,435.94
Other monetary assets 96,705,840.38 155,843,727.33
Total 704,231,348.00 522,607,486.33
Among which:
USD Original amount
12,178,322.61 17,723,502.46
Exchange rate 7.9956 8.0702
RMB equivalent 97,372,996.26 143,032,209.53
HKD Original amount 30,532,889.16 6,647,407.60
Exchange rate 1.02942 1.0403
RMB equivalent 31,431,166.76 6,915,299.48
GBP Original amount 1,313,473.51 584,658.08
Exchange rate 14.6332 13.9122
RMB equivalent 19,220,320.57 8,133,880.14
EUR Original amount 11,846.18 11,846.18
Exchange rate 10.1313 9.5797
RMB equivalent 120,017.20 113,482.85
SIG Original amount 1,705.61 1,705.61
Exchange rate 5.0281 4.8543
RMB equivalent 8,575.98 8,279.54
Ending balance of monetary asset has increased by 34.75% as compared with opening balance,
amounting to RMB 181,623,861.67
6.2 Notes receivable
CATEGORY ENDING BAL OPENING BAL
Bank acceptance 104,156,965.16 166,643,135.96
Trade acceptance 3,463,232.38
Total 104,156,965.16 170,106,368.34
1. See Note 10.2 for pledged notes receivable;
Discounted trade acceptance amounts to RMB 145,000,000.00, are issued by subsidiaries within
the consolidated range and discounted by subsidiaries controlled by the Company.
6.3 Dividends receivable
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
16
ITEM ENDING
BAL
OPENING
BAL
NATURE
Shanghai Xinlun Development
Co., Ltd.
11,138,023.57 Dividend received
Shanghai Senlin Property
Development Co., Ltd.
10,441.35 Dividend received
Total 11,148,464.92
6.4 Accounts receivable
1. Aging analysis
ENDING BAL OPENING BAL
Aging
Book Value Percentage
Provision
Rate
Provision Book Value Percentage
Provision
Rate
Provision
Within 1
year
663,384,593.09 70.49% 5% 33,169,229.65 658,491,014.90 70.34% 5% 32,924,550.78
1－2
years
6,019,405.63 0.64% 30% 1,805,821.69 6,023,829.39 0.64% 30% 1,807,148.81
2－3
years
10,682,954.76 1.14% 50% 7,890,500.09 11,612,970.87 1.24% 50% 7,525,627.43
Over 3
years
261,017,489.32 27.74% 100% 261,017,489.32 260,002,380.72 27.78% 100% 260,002,380.72
Total 941,104,442.80
100.00% …… 303,883,040.75 936,130,195.88 100.00% …… 302,259,707.74
2. The first five largest ending balances of accounts receivable amount to RMB 399,644,110.07,
accounting for 43.54％ of the total amount of accounts receivable
3. The 100% provision recognized this mid-years：
Aging Book Value Provision Rate Reason
2-3 years 5,098,045.42
5,098,045.42
100% Unable to collect
Total 5,098,045.42
5,098,045.42
--- ---
4. No amount due from the shareholders that own more than 5% (including 5%) voting shares of
the Company
6.5 Other receivables
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
17
1. Aging analysis
ENDING BAL OPENING BAL
Aging
Book Value Percentage Provision Book Value Percentage Provision
Within 1 year 186,698,446.12 33.87% 12,632,862.92
199,631,476.95 32.80% 12,632,862.92
1-2 years 74,596,890.34 13.53% 3,341,389.22
68,663,231.27 11.28% 3,341,389.22
2-3 years 50,277,059.10 9.12% 3,505,000.00
50,222,727.24 8.25% 3,505,000.00
Over 3 years 239,657,544.64 43.48% 106,551,848.91
290,093,054.04 47.67% 106,977,499.05
Total 551,229,940.20 100.00% 126,031,101.05 608,610,489.50 100.00% 126,456,751.19
2. The first five largest ending balances of other receivable amount to RMB 266,810,493.61,
accounting for 48.40％ of the total amount of other receivable.
3. Full or partial provision provided within the financial year:
Nature Amount Rate Reason
Land exchange proceeds
28,161,495.11
18% Unable to collect
Guarantee deposit 9,862,155.12 100% Unable to collect
Temporary loan 73,609,968.69 10%-100% Unable to collect
Advances to suppliers 8,470,368.12 100% Unable to collect
Prepaid project cost 5,045,714.01 100% Unable to collect
Others 491,400.00 100% Unable to collect
Total 125,641,101.05
4. Big amounts of other receivables:
Name Amount Nature
Land exchange proceeds 152,297,829.03 Note 1
Shanghai Zhengxin Real Estate Development Co., Ltd 62,767,306.58 Temporary loan
Shanghai Longtai Fine Rubber Co., Ltd. 48,969,727.62
Prepaid land
compensation
Shanghai Yangpu District Land Development Centre 21,490,000.00 Prepaid land use right
Shanghai Tyre & Rubber Machinery Mould Co., Ltd 17,591,738.72 Temporary loan
Total 303,116,601.95
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
18
Note: According to the first temporary board meeting in 2003, it was decided that the parent
company would list part of the accounts receivable in the exchange plan. (See Note 12.2 for
details)
5. No amount due from shareholders that own more than 5% (including 5%) of the voting shares
of the Company.
6.6 Advances to suppliers
1. Aging analysis
Ending Bal Opening Bal
Aging
Amount Percentage Amount Percentage
Within 1 year 263,244,113.40
98.21% 47,660,482.75 46.40%
1-2 years 4,776,883.97 1.78% 55,038,360.52 53.58%
2-3 years 20,550.00 0.01% 20,550.00 0.02%
Over 3 years --- --- --- ---
Total 268,041,547.37 100.00% 102,719,393.27 100.00%
2. No amount due from shareholder than own more than 5% (including 5%) of voting shares of
the Company.
3. Compared with opening balance, ending balance has increased 160.95%, amounting to RMB
165,322,154.10, which is due to increase in purchase of raw materials.
6.7 Subsidy receivable
ITEM AMOUNT
Tax refundable for export sales 508,090.19
6.8 Inventory
1. Inventory
ENDING BAL OPENING BAL
ITEM
Book Value Provision Book Value Provision
Raw materials 453,577,937.34 2,264,080.93 420,168,812.84 2,264,080.93
Packing materials 523,655.92 --- 518,302.74 ---
Low costs and short
lived articles
114,117,931.91 69,523.08
79,080,958.22 69,523.08
Stocks 492,369,208.33 3,075,174.69 328,235,512.42 3,566,688.25
Unfinished goods
(work-in- process)
140,914,309.80 ---
111,518,950.76 ---
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
19
WIP Consignment
process materials
2,793,525.83 ---
1,213,722.73 ---
R & D products 21,686,774.60 --- 12,836,554.99 ---
R & D costs 21,793,482.83 10,050,000.00 29,592,372.17 10,050,000.00
Total 1,247,776,826.56 15,458,778.70 983,165,186.87 15,950,292.26
Ending balance of inventory has been increased by 26.91% as compared with opening balance,
amounting to RMB 264,611,639.69. This increase is mainly due to the increase of stocks and
Low costs and short lived articlescaused by expanding reproduction and the sharp increae of raw
material price.
2. Provision for diminution in value of inventory is recognized based on the lower of the cost
and the net realizable value of inventory. The amount is that the estimable selling price less
estimable cost, selling expenses and related taxes.
6.9 Deferred Assets
Category
Opening
Balance
Increase Amortized Decrease
Ending
Balance
Reason for
Carried
forward
Insurance
expenses
37,151.00 126,545.89 114,852.00 48,844.89 Prepaid for
latter halrf
year
Rental
---
657,000.00 219,000.00 438,000.00
Prepaid for
latter halrf
year
Mould
---
674,907.54 39,196.88 635,710.66
Prepaid for
latter halrf
year
Maintanance
---
4,110,719.29 1,000,000.00 3,110,719.29 Prepaid for
latter halrf
year
Others
---
1,595,777.75 1,267,236.15 328,541.60
Prepaid for
latter halrf
year
Total 37,151.00 7,164,950.47 2,640,285.03 4,561,816.44
6.10 Long-term investment
ITEM Ending Balance Opening Balance
Book Value Provision Book Value Provision
Long-term equity
investment
501,198,518.61 28,371,099.28
511,961,219.88
28,760,891.52
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
20
Ending balance of long-term investment has been decreased by 2.10% as compared with
opening balance, amounting to RMB 10,762,701.27. This decrease is mainly due to the transfer
of legal person shares of Pudong development bank and the loss of investment on subsidiaries
with equity method.. Details please see 11.2 (3).
1. Investment in shares
Investee Shares category
Amount of
shares
Proportion to
registered
capital
Original
Investment
Costs
Ending Book
Value
Provision
Opening Book
value
Aijian Stocks Legal person shares 208,339 <5% 700,000.00 700,000.00 --- 700,000.00
Bailian Stocks Legal person shares 411,680 <5% 2,381,422.61 2,381,422.61 563,767.75 2,381,422.61
Oriental Pearl Legal person shares 240,000 <5% 1,020,000.00 1,020,000.00 --- 1,020,000.00
Fenghua Stocks Legal person shares 79,200 <5% 275,000.00 275,000.00 275,000.00
SVA Info Legal person shares 7,296 <5% 20,587.27 20,587.27 --- 20,587.27
Hongsheng
Technology
Legal person shares 121,000 <5% 245,000.00 245,000.00 --- 245,000.00
Jin Quan Ye Legal person shares 168,156 <5% 739,570.50 739,570.50 739,570.50
Jinjiang Restaurant Legal person shares 8,541,951 <5% 9,000,000.00 9,000,000 --- 9,000,000.00
Jinjiang Restaurant Legal person shares Note-786,585.58 -786,585.58
Longtou Stocks Legal person shares 240,000 <5% 760,000.00 760,000.00 760,000.00
Chlorine & alkali
Chemicals
Legal person shares 118,580 <5% 657,304.00 657,304.00 92,338.40 657,304.00
Pudong Development
Bank
Legal person shares ---- 6,000,000.00
San Ai Fu Legal person shares 48,736 <5% 44,200.00 44,200.00 --- 44,200.00
Sanjiu Development Legal person shares 26,807 <5% 77,137.97 77,137.97 3,414.40 77,137.97
Shanghai Petroline Legal person shares 200,000 <5% 600,000.00 600,000.00 --- 600,000.00
Tian Fang
Development
Legal person shares 83,500 <5% 267,200.00 267,200.00 --- 267,200.00
Yuanshui Stocks Legal person shares 24,380 <5% 66,780.00 66,780.00 --- 66,780.00
Total --- 10,519,625 16,067,616.77 16,067,616.77 659，520.55 22,854,202.35
Note：Obtain Jinjiang Restaurant floating shares by decreasing its legal person shares.
2. Other equity investment
(1) Equity investment in subsidiaries valued by cost method:
Investee Proportion to
registered capital
Opening Bal. Increase/
Decrease
Ending Book
Value.
Changshu Rubber Shoes
Factory (Note 1) 19.26% 842,435.00 --- 842,435.00
Shanghai Caisheng Colour
Chemistry Co., Ltd.
19.00% 950,000.00 950,000.00
Hainan International
Travelling Co. (Note 1) 5.00% 500,000.00 --- 500,000.00
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
21
Liaoning Shanghai Tyre &
Rubber Joint Venture Co.
(Note 1)
50% 500,000.00 --- 500,000.00
Shanghai Changyin
Industrial Trading Co. (Note
1)
<5% 1,000,000.00 --- 1,000,000.00
Shanghai Steel Wire
technology Development
Co. Ltd.(Note 1)
2% 31,905.29 --- 31,905.29
Chengdu Haifa Co., Ltd <5.00% 150,000.00 --- 150,000.00
Shanghai Fengping Trading
Co., Ltd. Huali factory
(Note 2)
45% 900,000.00 --- 900,000.00
Shanghai Huaming High-
Tech (Group) Co., Ltd 14.44% 4,400,000.00 --- 4,400,000.00
Shanghai South China Co.
(Note 1) 12.50% 136,615.00 --- 136,615.00
Shanghai Chemical
Industrial Project
Technology Consulting and
Management Co.
12.50% 150,000.00 ---
150,000.00
Shanghai Sengmao Trading
Co. 17.00% 2,076,061.94 --- 2,076,061.94
Shanghai Shengsheng Tyre
Mould Co., Ltd 15.00% 600,000.00 --- 600,000.00
Shanghai Culture Trading
Head Company (Note 1) 7.50% 1,500,000.00 --- 1,500,000.00
Shanghai Zhengxing Real
Estate Co., Ltd 5.00% 1,000,000 --- 1,000,000
Si Da Garden 49.00% 15,925,000.00 -15,925,000.00 ---
Xinde Enterprise
Development Co. 1.99% 500,000.00 --- 500,000.00
Far East Economic Co.
(Note 1) 3.00% 30,000.00 --- 30,000.00
Zhejiang Yongkang Pistol
Company <5% 1,200,000.00 --- 1,200,000.00
China North-American Tyre
Selling Co. (Note 4) 64% 4,847,224.44 --- 4,847,224.44
China Zhonglian Rubber
Head Co. 18.61% 1,050,000.00 --- 1,050,000.00
Bank of Shanghai < 5% 242,200.00 --- 242,200.00
Changjiang Economic
United Development
(Group) Co.
<5% 2,800,000.00 --- 2,800,000.00
Hai Tong Securities <5% 10,200,000.00 --- 10,200,000.00
Bank of Communication <5% 3,900,000.00 --- 3,900,000.00
Shanghai Baoding
Investment Co., Ltd. <5% 625,000.00 --- 625,000.00
Shanghai International Trust
and Investment Corporation <5% 23,333,300.00 --- 23,333,300.00
Shenyin Wanguo Security
Co., Ltd. <5% 12,500,000.00 --- 12,500,000.00
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
22
Shanghai Xicheng Chemical
Industrial Co., Ltd. (Note 3) 51.00% 510,000.00 --- 510,000.00
Wuxi Xicheng Axunge
Chemicals Co., Ltd.
(Note 3)
51.00% 1,112,200.29 --- 1,112,200.29
Total --- 93,511,941.96 -15,925,000.00 77,586,941.96
Note 1: Impairment provision has been made and the ending book value is zero.
Note 2: Non-profit enterprises.
Note 3: Contractor enterprises
Note 4: Investment ratio is different from profit appropriation ratio.
Note 5: Close the business
Note 6: Disposal of equity shares
Note 7: Provision for impairement loss is 40%
Note 8: Account from cost method to equity method
(2) Equity investment in subsidiaries valued by equity method：
Increases/Decreases Ending bal.
Investee
Proportion
to
registered
capital
Opening
bal. Total Cost
Recognized
income
Difference
amortization
Distributed
income
Original
Investment
Accumulated
Increase/Decre
ases
Total
Shanghai Soaps
(Mianyang) Co., Ltd.
(Note 2)
55.00% 1,685,569.28 --- --- --- --- --- 2,400,000.00 -714,430.72 1,685,569.28
Shanghai Keller
Chemicals Co., Ltd.
60.00% 17,111.91 --- --- --- --- 25,992,000.00 -25,974,888.09 17,111.91
Sichuan Keller Joint-
Venture Co., Ltd.
51.00% 895,644.73
1,021,278.88
-125,634.15
895,644.73
Shanghai Shuangli
Property Management
Co., Ltd.
90.00% 2,198,824.63 3,521.64 …… 3,521.64…… …… 450,000.00 1,752,346.27 2,202,346.27
Shanghai Tyre &
Rubber Co., Ltd.
Property Exchange
Department
100.00% 817,023.41 500,000.00 317,023.41 817,023.41
Tiankai Computer
System Co., Ltd.
(Note 2)
80.00% 777,874.19 --- --- --- --- --- 800,000.00 -22,125.81 777,874.19
Shanghai Shanglian
Chemical Industrial
Trading Co. (Note 2)
100.00% 3,835,984.51 --- --- --- --- --- 5,500,000.00 -1,664,015.49 3,835,984.51
Shanghai Zhengli rubber
industrial trading Co.,
Ltd.（Note1）
100.00% …… …… …… …… …… …… 1,500,000.00 -1,500,000.00 ……
Shanghai Calcium
Carbonate Factory
100.00% 2,327,728.86 182,969.20 182,969.20 …… …… 1,082,000.00 1,428,698.06 2,510,698.06
Shanghai Zonglian
Rubber Co., Ltd
100.00% 858,022.47 -9,805.45 -9,805.45 …… …… 1,060,000.00 -211,782.98 848,217.02
Shanghai Zhenghua
Industrial Trading Co.
(Note 2)
100.00% 1,120,682.83 …… …… 1,000,000.00 120,682.83 1,120,682.83
Shanghai Xinye
Advertising Co.
(Note 2)
100.00% 110,115.55 …… …… 500,000.00 -389,884.45 110,115.55
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
23
Shanghai Xinming
Rubber Factory
(Note 2)
94.67% 765,259.06 --- --- --- --- --- 1,420,050.00 -654,790.94 765,259.06
Shanghai Baolun
Trading Co. (Note 2) 80.00% 359,475.43 --- --- --- --- --- 400,000.00 -40,524.57 359,475.43
Shanghai Dunxin
Trading Co., Ltd
(Note 2)
83.33% 1,810,804.71 --- --- --- --- --- 1,500,000.00 310,804.71 1,810,804.71
Shanghai Taihua
Leasing Co., Ltd 90.00% 10,006,665.10 …… …… …… …… …… 3,780,000.00 6,226,665.10 10,006,665.10
Shanghai Hualun
Trading Co., Ltd
(Note 2)
88.24% 1,170,010.83 --- --- --- --- --- 1,500,000.00 -329,989.17 1,170,010.83
Shanghai Huili Hotel 80.00% 3,200,000.00 -3,200,000.00 ……
Shenzheng Shanglun
Trading Co., Ltd.
100.00% 5,037,096.21 1,219,199.51 1,219,199.51 …… …… 700,000.00 5,556,295.72 6,256,295.72
Shanghai Longtai
Fine Rubber Co., Ltd.
53.33% …… …… …… …… …… …… 6,000,000.00 -6,000,000.00 ……
Shanghai Fupu
Rubber Co., Ltd
80.00% 1,770,696.63 -18,630.91 -18,630.91 2,400,000.00 -647,934.28 1,752,065.72
Shanghai Xinxing
Trading Co. (Note 2) 100.00% 600,000.00 --- --- --- --- --- 600,000.00 --- 600,000.00
Shanghai Aihua
Testing Equipment
Servicing
100.00% 258,758.70 --- --- --- --- --- 30,000.00 228,758.70 258,758.70
Haikou Fuhua Tyre
Sales Co., Ltd. 90.00% 3,239,420.82 --- --- --- --- --- 1,800,000.00 1,439,420.82 3,239,420.82
Shanghai Tyre and
Rubber Machinery Mould
Co., Ltd （Note1）
51.00% …… …… …… …… …… …… 26,264,786.39 -26,264,786.39 ……
Shanghai Tyre &
Rubber Joint-Venture
Co., Ltd.
69.62% 4,271,266.26 -63,042.88 -19,914.00 -43,128.88…… …… 3,869,914.00 338,309.38 4,208,223.38
Shanghai Rubber
IndustrySupply and
Marketing Co., Ltd.
（Note1）
94.12% …… …… …… …… …… …… 8,000,000.00 -8,000,000.00 ……
Xiamen Huili
Industrial and
Trading Co., Ltd.
(Note 2)
100.00% 2,246,557.67 --- --- --- --- --- 1,600,000.00 646,557.67 2,246,557.67
Hainan Huili
Industrial and
Trading Co., Ltd
(Note 2)
100.00% 460,707.19 --- --- --- --- --- 900,000.00 -439,292.81 460,707.19
American Shanghai
T.R. T.R Co., Ltd
(Note 2).
70.00% 1,038,868.12 -16,961.38 -16,961.38 …… …… …… 1,218,280.00 -196,373.26 1,021,906.74
Shanghai Shanghlun
Labor Service Co.,
Ltd. (Note 3)
80.00% 92,459.90 5,317.31 5,317.31 80,000.00 17,777.21 97,777.21
Shanghai Pudong
SidaGarden（Note6） 100.00% 32,500,000.00 32,500,000.00 32,500,000.00 32,500,000.00
Total 47,772,629.00 33,802,567.04 32,463,124.62 1,339,442.42 …… …… 139,568,309.27 -57,993,113.23 81,575,196.04
Note 1: The net assets of the investee is negative, therefore, book value of long-term
investment is zero.
Note 2: Provisions for long-term equity investment have fully recognized, which reduces
the book value to zero.
Note 3: New investment
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
24
Note 4: Disposal of equity shares
Note 5：Courtproceeding end due to bankrupty
Note6：Account from cost method to equity method
(3) Valuation of equity investment in joint ventures by equity method：
Increases/Decreases Ending bal.
Investee
Proportion
to registered
capital
Opening bal.
Total
Among
which:
investment
cost
Recognized
income
Difference
amortization
Distributed
income
Original
Investment
Accumulated
Increase/Decreas
es
Total
Shanghai Jinfeng
Oil & Chemicals
Co., Ltd.
32.00% 1,462,869.37 1,562,827.80 -99,958.43 1,462,869.37
Shanghai Soaps
Factory Hainan
United Sub-
Factory
（Note2）
40.00% 859,928.81 --- --- --- --- --- 400,000.00 459,928.81 859,928.81
Shanghai
Dunhuang Pot
Factory
50.00% 710,657.20 --- --- --- --- --- 1,138,742.46 -428,085.26 710,657.20
Shanghai Wanyi
Macromolecule
Material Co.,
Ltd.
38.00% 1,892,571.67 1,900,000.00 -7,428.33 1,892,571.67
Shanghai
Century
Lianrong
Holdings Co.,
Ltd.
33.33% 12,331,205.51 955,501.59 --- 955,501.59 --- --- 20,000,000.00 -6,713,292.90 13,286,707.10
hanghai Soaps
(Group) Rugao
Co., Ltd. (Note
6)
50.00% 14,157,144.01 8,742,756.26 10,000,000.00 -1,257,243.74 --- --- 24,000,000.00 -1,100,099.73 22,899,900.27
Shanghai Yinlun
Project
Consulting Co.,
Ltd.
30.00% 164,450.50 -5,163.21 --- --- -5,163.21 150,000.00 9,287.29 159,287.29
Shanghai Shuangfei
PropertyManagement
Co., Ltd.（Note3）
50.00% 500,000.00 500,000.00 …… 500,000.00
Shanghai Hulun
Tyre&Rubber
Co., Ltd.
49.00% 5,285,739.83 1,303,649.62 …… 1,303,649.62 --- --- 490,000.00 6,099,389.45 6,589,389.45
Thailand Huatai
Rubber Co., Ltd. 40.00% 4,945,209.23 --- --- --- --- --- 6,927,680.00 -1,982,470.77 4,945,209.23
Shanghai Xinlun
United
Development
Co., Ltd.
40.00% 102,029,480.32 -24,867,323.82 …… -24,867,323.82 --- --- 90,247,200.00 -13,085,043.50 77,162,156.50
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
25
Shanghai
Michiline Huili
Tyre Co., Ltd.
(Note 3)
28.50% 105,707,215.12 -5,998,423.51 -5,533,446.23 -464,977.2 --- 274,512,000.00 -174,803,208.39 99,708,791.61
Shanghai Steel
Wire Factory
Pudong
Drawbench
Mould Co., Ltd.
49.00% 568,356.37 -8,431.26 …… 740.23 -9,171.49 --- 1,038,800.00 -478,874.89 559,925.11
Shanghai Steel
Wire Factory
Industrial and
Trading Co.,
Ltd. （Note2）
40.00% 15,746.64 --- --- --- --- --- 39,191.22 -23,444.58 15,746.64
Shanghai
ShengmaCurtan Cloth
Co., Lrtd.（Note1）
22.47% …… …… …… …… 10,989,306.82 -10,989,306.82 ……
Shanghai
BusJiaodaTennis
ClubCo., Ltd.（Note3)
30.43% 7,260,720.38 -601,236.52 -601,236.52 7,000,000.00 -340,516.14 6,659,483.86
Shanghai Double
CoinTyre Marketing
Co., Ltd.（Note3)
35.0583% 61,000,000.00 887,032.74 …… 887,032.74 61,000,000.00 887,032.74 61,887,032.74
Total 318,891,294.96 -19,591,638.11 10,000,000.00 -29,112,326.13 -474,148.77 -5,163.21 501,895,748.30 -202,596,091.45 299,299,656.85
Note 1: The net asset of the investee is negative, therefore, book value of long-term investment
is zero.
Note 2: Provisions for long-term equity investment have fully recognized, which reduces the
book value to zero.
Note 3: Additional investment.
Note 4: Disposal of equity shares
Note 5：Close down
Note 6：New investment
2. Provision for impairment loss of long-term equity investment
Investee Opening
Balance Increase Decrease Ending
Balance
Investment in shares 1,032,351.41 372,830.86 659,520.55
Hainan International Holiday
Travel Co., Ltd. 500,000.00 --- --- 500,000.00
Shenyin & Wangguo Securities Co.,
Ltd. 5,000,000.00 5,000,000.00
Changshu Rubber Overshoes
Factory 842,435.00 --- --- 842,435.00
Shanghai South China Co., Ltd. 136,615.00 --- --- 136,615.00
Shanghai Steel Wire
Technology Development Co.,
Ltd
31,905.29 --- --- 31,905.29
Liaoning Shanghai Tyre &
Rubber Joint-Venture Co., Ltd. 500,000.00 --- --- 500,000.00
Shanghai Changyin Industrial &
Trading Co., Ltd. 1,000,000.00 --- --- 1,000,000.00
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
26
Far East Economic Industry Co.,
Ltd. 30,000.00 --- --- 30,000.00
Shanghai Culture Industry Co.,
Ltd. 1,500,000.00 --- --- 1,500,000.00
Shanghai Soaps Factory Hainan
United Sub-Factory 859,928.81 --- --- 859,928.81
Shanghai Steel Wire Factory
Industrial and Trading Co., Ltd. 15,746.64 --- --- 15,746.64
Shanghai Soaps (Mianyang)
Co., Ltd 1,685,569.28 1,685,569.28
Shanghai Tiankai Computer
System Co., Ltd. 777,874.19 --- --- 777,874.19
Shanghai Shanglian Chemicals
Industry Co., Ltd. 3,835,984.51 …… 3,835,984.51
Shanghai Zhenghua Industrial
and Trading Co., Ltd. 1,120,682.83 --- --- 1,120,682.83
Shanghai Xinye Advertising
Co., Ltd. 110,115.55 --- --- 110,115.55
Shanghai Xinming Rubber
Factory 765,259.06 --- --- 765,259.06
Shanghai Baolun Industry Co.,
Ltd. 359,475.43 --- --- 359,475.43
Shanghai Dunxin Trading Co.,
Ltd. 1,810,804.71 --- --- 1,810,804.71
Shanghai Taihua Leasing Co.,
Ltd. 1,330,000.00 --- --- 1,330,000.00
Shanghai Hualun Trading Co.,
Ltd. 1,170,010.83 --- --- 1,170,010.83
Shanghai Xinxing Trading Co.,
Ltd. 600,000.00 --- --- 600,000.00
Xiamen Huili Industrial and
Trading Co., Ltd. 2,246,557.67 --- --- 2,246,557.67
Hainan Huili Industrial &
Trading Co., Ltd. 460,707.19 --- --- 460,707.19
America Shanghai T.R. Co.,
Ltd. 1,038,868.12 --- 16,961.38 1,021,906.74
Total 28,760,891.52 389,792.24 28,371,099.28
4. Equity investment difference arising from annexation：
Investee
Original
Amount
Causes
Amortization
Period
Opening
Balance
Amortized
Ending
Balance
Shanghai White
Elephant Swan
Battery Co., Ltd.
19,971,907.55
Share
purchase
10 years 13,980,335.31 998,595.36 12,981,739.95
Shanghai Soaps 25,268,985.30 Share 10 years 14,950,816.30 1,263,449.26 13,687,367.04
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
27
(Group) Co., Ltd. purchase
Sub-total 45,240,892.85 28,931,151.61 2,262,044.62 26,669,106.99
6.12 Fixed assets and accumulated depreciation
1. Fixed assets
Category Opening Bal. Additions Disposals (Note) Ending Bal
Buildings and
constructions
1,203,763,751.28 1,777,600.00 1,205,541,351.28
General
equipment
121,938,758.14 --- 13,959,544.12 107,979,214.02
Specific
equipment
2,622,052,180.52 3,004,311.00 10,985,224.29 2,614,071,267.23
Transportation
equipment
61,716,297.80 2,670,210.76 1,175,036.03 63,211,472.53
Improvements 449,780.00 --- 449,780.00
Improvements
on leased fixed
assets
1,006,715.33 --- 1,006,715.33
Others
92,319,363.24 12,620,720.64 3,018,923.26 101,921,160.62
Total
4,103,246,846.31 20,072,842.40 29,138,727.70 4,094,180,961.01
Note: Original amount of fixed assets transferred from construction in process amounts
RMB3,355,012.81.
Original amount of fixed assets sold amounts to RMB14,284,598.91.
Capital commitment for additional fixed assets amounts to RMB 495,060.00.
Original amount of fixed asset pledged amounts to RMB396,919,734.86.
2. Accumulated depreciation.
Category
Opening
Balance
Additions
Increase
Decrease
(Note 1)
Ending Balance
Buildings and
constructions
312,762,835.45 18,115,005.18 0 330,877,840.63
General
equipment
89,556,384.73 4,698,408.22 4,162.82 94,250,630.13
Specific
equipment
1,257,371,346.08 56,260,977.20 8,663,511.42 1,304,968,811.86
Transportation
equipment
39,174,993.12 2,659,617.67 871,955.99
40,962,654.80
Improvements ……
0
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
28
Improvements
on leased fixed
assets
286,853.75 0 286,853.75
Others 44,270,745.53 5,720,119.35 1,860,833.76 48,130,031.12
Total 1,743,423,158.66 87,454,127.62 11,400,463.99 1,819,476,822.29
3. Provision for diminution in value for fixed assets
Category Opening Balance Increase Decrease Ending Balance
Buildings and
constructions
53,614,789.78
53,614,789.78
General equipment 5,317,389.63
5,317,389.63
Specific equipment 113,731,394.87
219,662.40 113,511,732.47
Transportation
equipment
463,822.92
463,822.92
Improvements
Improvements on
leased fixed assets
Others 14,009,737.67
2,426.44 14,007,311.23
Total 187,137,134.87
222,088.84 186,915,046.03
Note: Decreases are due todisposal of fixed assets in current period.
4. Fully depreciated fixed assets that are still in use
Category
Original book
value
Accumulated
depreciation
Book Value Provision
Net Book
Value
Buildings and
constructions 9,551,965.45 3,274,469.76
6,277,495.69
6,116,519.43
160,976.26
General
equipment
47,874,664.80 42,428,926.28
5,445,738.52
2,629,799.43
2,815,939.09
Specific
equipment
175,885,574.18 156,439,277.34
19,446,296.84
15,037,253.00
4,409,043.84
Transportation
equipment
23,715,213.61 22,299,336.18
1,415,877.43
275,307.27
1,140,570.16
Others 11,742,458.39 10,697,083.95
1,045,374.44
717,336.30
328,038.14
Total 268,769,876.43 235,139,093.51 33,630,782.92 24,776,215.43
8,854,567.49
6.12 Project materials
Ending Balance Opening Balance
798,319.52 519,984.52
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
29
6.14 Construction in Process
Project Opening Bal Increase Transferred to
Fixed Assets
Other
Decrease Ending Bal Source of
capital
New factory of
Tyre and
Rubber Rugao
211,532,480.28 162,918,153.56 --- --- 374,450,633.84 Financial
Borrowings
RADIAL Tyre
Project in Load
Carry Co., Ltd.
34,594,039.14 46,535,158.81 414,833.50 189,577.92 80,524,786.53 Financial
Borrowings
Technical
renovation of
Dazheng
859,063.00 1,314,820.88 0.00 0.00 2,173,883.88 Others
F270
equipment
repair
873,470.99 --- --- --- 873,470.99 Others
Tyre and
Rubber
Research
Institute
facility
construction
project
3,067,635.12 4,297,012.54 1,406,079.31 555,174.44 5,403,393.91 Others
Construction
Tyre project of
Donghai
17,613,843.29 684,612.00 1,534,100.00 0.00 16,764,355.29 Others
Technical
renovation of
Shanghai Soap
Co.
2,186,356.71 176,836.23 0.00 0.00 2,363,192.94 Others
New workshop
of Whiteelephant
factory
5,974,528.65 3,153,051.58 684,759.08 35,000.00 8,407,821.15 Others
Moltech Power
facility
equipment
80,897,722.44 199,937.51 0.00 0.00 81,097,659.95 Others
Others 195,440.58 4,205,762.02 645,169.35 124,747.42 3,631,285.83 Others
Total 357,794,580.20 223,485,345.13 4,684,941.24 904,499.78 575,690,484.31 ---
1. Provision for impairment losses of construction in process
Project Opening Balance Decrease Ending Balance
Reason for
provision made
F270 equipment repair 873,470.99 --- 873,470.99 Waiting for removal
Total 873,470.99 --- 873,470.99 ---
Ending balance of construction in process has increased by 60.90% as compared with opening
balance, amounting to RMB 217,895,904.11. Main reason of such increase is due to 500,000
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
30
sets of whole steel load carry Radial tyres project in Rugao and 600,000 sets of whole steel load
carry Radial tyres expanding reproduction project in Load Carry Co., Ltd.
6.14. Fixed assets pending disposal
Ending Balance Opening Balance
-164,425.98 ---
Ending balance is the amount of indisposed assets of the fixed assets pending disposal account that
have been transferred from fixed assets as approved.
6.15 Intangible assets
Category
Amortizati
on Period
Way of
Obtainment
Original
Amount
Opening Bal
Increase
Transferred
Amortized
Accumulated
Amortization
Ending Bal
Remaining
amortiza
-tion
period
Land Use
Right
9-60 years Purchase 301,170,136.09 86,563,655.05
163,151,500.00
--- 1,593,923.43 22,833,374.84 248,121,231.62
66-461
months
Trade
Mark Use
Right
10-19 years Purchase 33,257,838.84 22,685,870.66 --- --- 948,054.60 11,520,022.78 21,737,816.06
54-180
months
Financial
Software
License,
etc.
5-10 years Purchase 7,046,253.48 5,271,352.16 --- --- 147,000.00 1,921,901.32 5,124,352.16
54-76
months
Total 341,474,228.41 114,520,877.87 163,151,500.00 --- 2,688,978.03 36,275,298.94 274,983,399.84
Note: The increase is due to the purchase of land use right
6.16 Long-term deferred asset
Item
Original
amount
Opening
Balance
Increase
(Note 1)
Transferred
(Note 2)
Amortized
Accumulated
Amortization
Ending
Balance
Remaining
amortization
period
Utility
expansion
expenses
8,273,276.00 832,200.47 118,885.80 7,559,961.33 713,314.67
36
Months
Preliminary
expense
4,361,858.46 3,278,243.71 1,083,614.75 4,361,858.46
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
31
(Note)
Other
deferred
expenditures
7,363,593.87 910,807.00 227,701.50 6,680,488.37 683,105.50
10
months
Total 19,998,728.33 5,021,251.18 1,083,614.75 346,587.30 14,240,449.70 5,758,278.63
Note 1: Increases are due to newly set-up subsidiaries.
6.17 Other long-term assets
Project
Original
Amount
Opening
Balance
Increase
Amortized
Accumulated
Amortization
Ending
Balance
Leased
developed
product
16,606,636.60 14,758,369.04 256,636.60 283,202.34 1,874,833.30 14,731,803.30
Floating shares
asrisng from
share-trading
reformNote
786,585.58 786,585.58 786,585.58
Total 17,393,222.18 14,758,369.04 1,043,222.18 283,202.34 1,874,833.30 15,518,388.88
Note：Obtain Jinjiang Restaurant floating shares by decreasing its legal person shares.
6.18 Short-term loans
1. Short-term loans
Category Ending
Balance
Opening Balance
Credit borrowings
410,063,610.83 44,753,800.00
Mortgaged borrowings (Note 1)
--- 12,000,000.00
Pledged borrowings (Note 1)
99,944,999.99 90,773,519.24
Secured borrowings
1,157,644,294.14 1,327,552,041.58
Discount of bank acceptance 33,100,340.32
Discount of trade acceptance
（Note 2）
145,000,000.00 70,000,000.00
Total
1,812,652,904.96 1,578,179,701.14
Note 1: See 10.2
Note 2: Trade acceptances issued by companies within the consolidation range.
Note 3: Ending balance of foreign currency borrowings amounts to USD 44,945,253.38, which
is equivalent to RMB 359,364,267.93 at an exchange rate 7.9956.
4. Overdue amount:
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
32
Name Amount Reason
ICBC Changning Branch 2,200,000.00 Procedures unsettled
ICBC Changning Branch 890,000.00 Procedures unsettled
ICBC Changning Branch 90,000.00 Procedures unsettled
ICBC Changning Branch 223,800.00 Procedures unsettled
ICBC Changning Branch 350,000.00 Procedures unsettled
ICBC Changning Branch 1,000,000.00 Procedures unsettled
Total 4,753,800.00
6.19 Notes payable
Category Ending Balance Opening Balance
Bank Acceptance 186,607,385.44 79,959,000.00
Trade Acceptance 28,615,473.64 29,875,360.04
Total 215,222,859.08 109,834,360.04
Note: Ending balance has increased by 95.95% as compared with opening balance, amounting
to RMB 105,388,499.04. Main reason of this increase is due to that parent company and its
raw materials suppliers have agreed to settle payments by bank acceptances issued and
discounted by the buyer.
6.20 Accounts payable
Ending Balance Opening Balance
625,135,437.62 633,077,304.38
1. No amount due to shareholders that own more than 5% (including 5%) of the voting
shares of the Company.
2. Large amounts over three years:
Name of Creditors Amount Causes for arrears
Shanghai Beautiful Food Co., Ltd. 43,608,316.67 In the process of litigation
Shanghai Unilever Soaps Co., Ltd. 24,045,987.52 Current account over past years
Hualing Composition Trading Co. 2,509,070.10 Current account over past years
Lijiao Technical and Industrial Trading Co. 2,029,838.19 Current account over past years
Shanghai Axunge Co., Ltd. 1,006,882.20 In the process of litigation
6.21 Advances from customers
Ending Balance Opening Balance
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
33
287,248,797.65 103,280,040.82
1. There is no amount due to shareholders that own more than 5% (including 5%) voting
shares of the Company.
2. Ending balance has increased by 178.13% as compared with opening balance, amounting to
RMB 183,968,756.83. Main reason of this increase is due to increase in advances from
customers of subsidiaries.
6.22 Other payables
Ending Balance Opening Balance
404,299,500.47 361,232,145.03
1. There is no amount due to shareholders that own more than 5% (including 5%) voting
shares of the Company.
2. Among which big amounts are:
Creditors Amount Nature
Reimbursement for No 447
Changyan Rd. land use right
135,147,046.45 Reimbursement
Sida Garden 16,575,000.00 Current account
Labor Union 13,079,093.99 Temporary Loan
Shanghai Taihua Leasing Co., Ltd 10,174,466.94 Temporary Loan
Shanghai Unilever Soaps Co., Ltd. 8,256,273.72 Temporary Loan
Total 183,231,881.10
6.23 Dividends payable
Investee or Category Amount Due at
year-end
Reason
Shareholders of legal person shares 849,817.74 Dividend yet to be paid
6.24 Taxes payable
1. Category
Category Ending Balance Opening Balance
Applicable rate during
the period
VAT 360,002.00 11,449,800.69 13%、17%
Business Tax 11,630,895.00 11,669,451.64 3%-5%
Consumption Tax 110,957,323.99 138,677,165.61 10%、8%、3%
City Construction Tax 3,200,542.75 3,265,426.50 7%
EIT 1,024,257.00 -796,017.14 15%、27%、33%
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
34
Individual Income Tax 225,833.19 844,330.23 ---
Real Estate Tax 397,754.60 377,758.03 ---
Land VAT 5,760.38 7,508.26 ---
Land Use Tax --- ---
Total 127,802,368.91 165,495,423.82
Note：On March 21, 2006，Ministry of Finance and State Administration of Taxtion issued a
notice jointly, in which the Comsumption Tax on BIAS tyres had been adjusted. The taxation
rate on BIAS tyres is dercreased from previous 10% to 3％. The taxation rate on
RADIAL tyre is still 0%. The adjustment is excuted from April 1, 2006.
2. Overdue taxes payable
(a)
Category Amount
VAT
23,424,805.13
Among which:
Shanghai Tianfu Real Estate Development
Co., Ltd.
650,943.40
Shanghai Dafu Rubber Co., Ltd.
13,760,727.64
Shanghai Tyre & Rubber Co., Ltd. Sijing
Rubber Factory 6,364,343.87
Shanghai Tyre & Rubber (Group) Donghai
Tyre Co., Ltd. 2,648,790.22
（2） Comsumption tax 108,066,498.23
Among which：
Shanghai Da Fu Rubber Co., Ltd. 6,707,363.79
Shanghai Tyre & Rubber Co., Ltd. Sijing Rubber Factory 61,520,734.28
Shanghai Tyre & Rubber Co., Ltd. 38,271,633.25
Shanghai Tyre & Rubber Co., Ltd. Donghai Rubber Factory 2,566,766.91
（3） Business tax 11,434,970.69
Among which：
Shanghai Tianfu Real Estate Development Co., Ltd. 11,434,970.69
（4）City Construction Tax 2,527,682.16
Among which：
Shanghai Da Fu Rubber Co., Ltd. 2,493,548.15
Shanghai Tyre & Rubber Co., Ltd. Donghai Rubber Factory 34,134.01
Total 145,453,956.21
6.25 Other levies payable
Item
Ending
Balance
Opening
Balance
Levy Standard
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
35
Education
Surcharge 2,640,714.66 2,814,462.88 Levied at 3% of VAT, BT Payable.
Compulsory
Military Service
Surtax
14,213.23 342.54 Sijing is levied at 1% of VAT, BT
payable.
Dike expenses 11,160.32 27,592.30 Sijing is levied at 0.3% of VAT, BT
payable.
River Management
Charges 144,330.64 249,510.18 Levied at 0.5% of VAT, BT payable.
Food risk fund --- 60,199.82 Rugao Investment is levied at 0.1%
of the sales turnover.
Total 2,810,418.85 3,152,107.72
6.26 Accrued expenses
Category
Ending
Balance
Opening Balance Reason
Interest 6,930,911.61 3,852,025.56 Interest unpaid
Warehouse expenses 30,000.00 ---
Expenses covering in the reporting
period to be paid
Freight 1,620,000.00 ---
Expenses covering in the reporting
period to be paid
Overhaul expenses 219,434.75 ---
Expenses covering in the reporting
period to be paid
Charges for water and
electricity
3,386,759.01
Expenses covering in the reporting
period to be paid
Commission
2,026,493.57
Expenses covering in the reporting
period to be paid
Others 17,104,168.84
Expenses covering in the reporting
period to be paid
Total 31,317,767.78 3,852,025.56 ---
6.27 Long-term liabilities due within one year
Item Ending Balance Opening Balance
Credit borrowings 4,700,000.00 4,700,000.00
Secured borrowings 747,011,045.54
766,391,729.10
Pledged borrowings
(Note)
Total 751,711,045.54
771,091,729.10
Note: see 10.2
1. Among which overdue borrowings are:
Terms of borrowings
Amount
overdue
Reason
Agriculture Bank of China Shanghai 7,151,867.25 Procedures unsettled by the subsidiaries
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
36
Branch Business Department
China Construction Bank Shanghai Branch 1,908,785.51 Procedures unsettled by the subsidiaries
China Construction Bank Shanghai Branch 1,099,031.07 Procedures unsettled by the subsidiaries
China Construction Bank Shanghai Branch 1,394,049.99 Procedures unsettled by the subsidiaries
China Construction Bank Shanghai Branch 1,802,330.58 Procedures unsettled by the subsidiaries
China Construction Bank Shanghai Branch 2,103,281.71 Procedures unsettled by the subsidiaries
China Construction Bank Shanghai Branch 5,809,924.79 Procedures unsettled by the subsidiaries
China Construction Bank Shanghai Branch 246,480.82 Procedures unsettled by the subsidiaries
China Construction Bank Shanghai Branch 142,643.76 Procedures unsettled by the subsidiaries
Shanghai Chemical Industrial Bureau 4,700,000.00 Procedures unsettled by the subsidiaries
China Construction Bank No. 4 Branch 1,788,803.71 Procedures unsettled by the subsidiaries
Total 28,147,199.19
6.28 Long-term borrowings
Note: among which foreign currency borrowings are
Currency Original Amount Exchange Rate RMB Equivalent
JPY 38,176,190.00 0.069467 2,651,985.39
Ending balance of long-term borrowings has increased by 29.21% as compared with opening
balance, amounting to RMB 164,020,452.65. Main cause of increase in long-term borrowings is
due to that additional borrowing of RMB 174,000,000.00 has occurred for Rugao heavy tyre
project. Other decreases in long-term borrowing are due to pay-off by subsidiaries.
6.29 Long-term payable
Category Ending Balance Opening Balance
Huayi Group 93,863,544.23 93,863,544.23
6.30 Specific payable
Category Ending Balance Opening Balance
Specific fund for R & D 1,470,000.00 1,470,000.00
6.31 Share capital
Terms of borrowings Ending Balance Opening Balance
Credit borrowings 3,291,700.65 3,292,560.00
Secured borrowings
537,312,667.09 497,291,355.09
Mortgage borrowings 185,000,000.00 61,000,000.00
Total
725,604,367.74 561,583,915.09
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
37
Ending
Balance
Percentage
(%)
Opening
Balance
Percentage
(%)
1. Unlisted shares
Promoter’s shares 601,751,722 67.65 617,767,722 69.45
Among which
State-owned shares 601,751,722 67.65 617,767,722 69.45
Among which:
State-owned shares
589,841,461 66.32 605,857,461 68.12
Shares owned by
state-owned legal
persons
11,910,261 1.34 11,910,261 1.34
Domestic legal persons 5,720,000 0.64 5,720,000 0.64
Unlisted shares in total 607,471,722 68.30 623,487,722 70.10
2. Listed shares
Ordinary shares in
RMB
38,896,000 4.37 22,880,000 2.57
Domestically listed
foreign investment
shares
243,100,000 27.33 243,100,000 27.33
Listed shares in total 281,996,000 31.7 265,980,000 29.90
3. Shares in total 889,467,722 100.00 889,467,722 100.00
6.32 Capital surplus
Item Opening Balance Increase
Decrease
(Note)
Ending Balance
Capital surplus
369,140,228.50 369,140,228.50
Exchange difference
of foreign capital
-389,760.00 -389,760.00
Provision for nonmonetary
donation
113,484.77 113,484.77
Provision for equity
investment
84,170,121.25 84,170,121.25
Other capital surplus 95,456,618.76 95,456,618.76
Price differences of
related transactions
35,766,373.47 35,766,373.47
Total 584,257,066.75 584,257,066.75
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
38
6.33 Surplus reserve
Category Opening Balance Increase Decrease
(note)
Ending
Balance
Statutory Surplus
Reserve
23,129,868.81 23,129,868.81
Public Welfare fund
13,026,472.99 13,026,472.99
Voluntary Earnings
Surplus
4,631,528.64 4,631,528.64
Total
40,787,870.44 40,787,870.44
6.34 Unconfirmed losses from investments
Project Ending Balance Opening Balance
121,338,556.08 121,612,130.30
Among which:
Shanghai Dafu Rubber Co., Ltd 118,485,667.38 114,728,351.03
Shanghai Soaps (Group) Supply and Marketing Co.,
Ltd.
2,706,204.28
2,953,306.37
Shanghai Soap Co., Ltd. --- 3,930,472.90
Shanghai Lingxu Axunge Storage & Refinery Co.,
Ltd.
146,684.42 ---
Total 121,338,556.08 121,612,130.30
6.35 Undistributed profit
Item Amount Appropriation or
distribution rate
Opening Balance 87,412,709.03 ---
Add: Net profit of current period 58,863,322.42 ---
Add: Transfer of surplus reserve
Add: Transfer of capital surplus
Less: Appropriation of statutory surplus
reserve
--- 5%
Appropriation of statutory public
welfare fund
--- 5%-10%
Appropriation of staff and workers’ --- 5%
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
39
bonus and welfare fund
Appropriation of voluntary earnings
surplus
---
10%
Dividend payable on common share (Note) 44,473,386.10
Closing Balance 101,802,645.35 ---
Note: Dividend payable on common share comes from the resolution of 2005 shareholders meeting .
6.36 Revenue from principal operations, costs of principal operations
Revenue from principal operations Cost of principal operations
Category
Current period
Same period last
period
Current period
Same period last
Period
1. Industry 3,542,051,185.90 4,039,644,431.59 3,259,226,250.85 3,635,572,184.17
2. Commercial 1,760,322,232.07 254,892,689.91 1,706,614,990.04 253,976,809.18
3. Real Estate 1,770,300.00 2,319,528.15 887,480.39 1,694,046.89
3. Travel, restaurant
and services
1,734,337.50 1,723,973.09 270,335.08 319,111.11
Sub-total 5,305,878,055.47 4,298,580,622.74 4,966,999,056.36 3,891,562,151.35
Business Sector
Offsets 2,580,392,557.72 1,990,549,274.61 2,580,392,557.72 1,990,549,274.61
Total 2,725,485,497.75 2,308,031,348.13 2,386,606,498.64 1,901,012,876.74
Shanghai 5,305,878,055.47 4,298,580,622.74 4,966,999,056.36 3,891,562,151.35
Others
Sub-total 5,305,878,055.47 4,298,580,622.74 4,966,999,056.36 3,891,562,151.35
Geographical Sector
Offsets 2,580,392,557.72 1,990,549,274.61 2,580,392,557.72 1,990,549,274.61
Total 2,725,485,497.75 2,308,031,348.13 2,386,606,498.64 1,901,012,876.74
1. Sales to the first five largest customers amount to RMB 2,082,341,465.14, accounting for
76.40% of the total revenue from principal operations.
2. Revenue from principal operations has increased 18.09%, amounting by RMB
417,454,149.62, as compared with same period last year. Main reason of this increase is due
to that the whole-steel project has been put into use.
6.37 Tax and levies of principal operations
Item Applicable rate Current Period Same Period Last Year
Business Tax 5%
116,857.86 202,175.08
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
40
Consumption Tax 3%-10%
17,541,550.03 35,283,151.55
City Construction
Tax
7%
1,164,083.89 1,612,595.11
Education Surcharge 3%
530,244.25 849,626.00
Others ---
301.41 27,740.40
Total ---
19,353,037.44 37,975,288.14
6.38 Revenue from other operations
Category Current Period Same Period Last Year
Income Cost Profit Income Cost Profit
Sales of
materials 18,079,333.69 18,656,566.24 -577,232.55 12,684,220.06 12,184,763.86 499,456.20
Agency
services 0.00 0.00 0.00 238,569.00 36,117.40 202,451.60
Disposal of
Scraps 6,504,464.50 5,342,234.12 1,162,230.38 566,046.53 140,214.91 425,831.62
Process
business 6,484,125.48 8,149,827.02 -1,665,701.54 4,396,055.74 3,562,176.57 833,879.17
Use of
trademarks 8,012,276.89 395,367.65 7,616,909.24 5,830,659.11 298,299.68 5,532,359.43
Leasing
business 17,782,264.10 5,298,324.78 12,483,939.32 18,251,115.81 5,447,385.26 12,803,730.55
Sales of
half-made
products
56,491,850.99 54,155,296.49 2,336,554.50 6,143,569.21 6,107,729.05 35,840.16
Technical
services 6,400.00 355.20 6,044.80 33,000.00 1,831.50 31,168.50
Services
rendered to
Michelin
24,700,000.00 1,235,000.00 23,465,000.00 19,000,000.00 950,000.00 18,050,000.00
Labor
services 4,343,308.60 3,098,076.79 1,245,231.81 1,181,459.33 566,073.88 615,385.45
Others 1,026,973.22 764,616.49 262,356.73 5,874,014.84 5,812,597.93 61,416.91
Total 143,430,997.47 97,095,664.78 46,335,332.69 74,198,709.63 35,107,190.04 39,091,519.59
Revenue from other operations has increased 18.53% by RMB 7,243,813.10. Main reason is due
to the increase of service income from Michelin compare with the same period of last year..
Businesses that account for more than 10% (including 10%) of total revenue from other
operations:
Category Income of current
period
Cost of current
period
Profit of current period
Services rendered to
Michelin
24,700,000.00 1,235,000.00 23,465,000.00
Leasing business 17,782,264.10 5,298,324.78 12,483,939.32
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
41
Use of trademarks 8,012,276.89 395,367.65 7,616,909.24
Total 50,494,540.99 6,928,692.43 43,565,848.56
Above revenue from other operations is mainly derived from per agreement signed with
Mechelin regarding RMB 5,000,000.00 for using of trademarks; RMB 24,700,000.00 for
rendering of services and RMB 900,000.00 for leasing income as well as other revenues from
subsidiaries.
6.39 Financial expenses
Category Current Period Same Period Last Year
Interest Expenses 63,759,704.25 58,080,010.91
Less: Interest Income 4,605,389.62 3,299,311.84
Exchange Losses 9,415,197.05 3,969,547.56
Less: Exchange Gains 6,012,651.13 1,321,404.20
Others 2,096,087.08 2,025,543.97
Total 64,652,947.63 59,454,386.40
Financial expenses have increased 8.74% by RMB 5,198,561.23. Main reason of this increase is
due to increase in borrowings and adjustment of loan interest rate by People’s Bank of China.
6.40 Investment income
1. Current Period
Category
Income from
investment is
shares
Income from
debt investment
Income
from equity
investment
under cost
method
Income from
equity
investment under
equity method
Amortization
on equity
investment
difference
Profit from
disposal of
shares
Provision Total
Short-term
investment
--- --- --- --- --- --- --- ---
Long-term
equity
investment
44,015,822.07 2825522.11 -27772883.71 -2,262,044.62 9,953,882.97 389,792.24 27,150,091.06
Total 44,015,822.07 2825522.11 -27772883.71 -2,262,044.62 9,953,882.97 389,792.24 27,150,091.06
2. Same period last year
Category
Income from
investment is
shares
Income from
debt investment
Income
from equity
investment
under cost
method
Income from
equity
investment under
equity method
Amortization on
equity
investment
difference
Profit from
disposal of
shares
Provision Total
Short-term
investment
--- --- --- --- --- --- --- ---
Long-term
equity
investment
1,080,000.00 --- 354,863.89 -22,408,308.50
-958,084.91
-1,251,710.43
-
325,439.44
-23,508,679.39
Total 1,080,000.00 --- 354,863.89 -22,408,308.50
-958,084.91
-1,251,710.43
-
325,439.44
-23,508,679.39
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
42
Note: Income of equity investment recognized under equity method has increased 3,975.54% by
RMB 42,935,822.07. Main reason of this increase is due to that the disposal of 9 million Pudong
Bank legal person shares. The net income of this disposal is RMB40.73 million.
3. Activities accounting for more than 10% (including 10%) of the total investment income
during the reporting period.
Item Amount
Income of equity investment recognized
under equity method
-27,772,883.71
Disposal of legal person shares & dividend
income
44,015,822.07
Net income from disposal of shares 9,953,882.97
6.41 Subsidy income
Content Current Period Previous Period Sources
Local Financial subsidy 995,000.00 1,189,192.00 Shanghai Tax
Bureau, etc.
Total 995,000.00 1,189,192.00
6.42 Non-operating income
Category Current Period Previous Period
Net profit from disposal of fixed assets 172,884.55
73,629.78
Penalty and fine income 14,184.00
1,400.00
Commission handed in by Discipline inspecton Dpt. 1,590,754.82
Overage of fixed assets 43,000.00
Others 5,544,973.32
80,951.08
Total 7,365,796.69
155,980.86
Non-operating income has increased RMB 7,209,815.83 by 4622.24% as compared with
previous period. Main reason of this decrease is due to: the increased net income of disposal of
fixed assets and intangible assets, the commission handed in by Displine Inspection Department.
6.43 Non-operating expenditure
Category Current Period Previous Period
Net losses from disposal of fixed assets 1,724,388.24 260,703.49
Provision for diminution in value
-35,469.98
Penalty 6,300.64 34,500.00
Losses of guarantee
3,321,911.65
Peasants redundancy and other compensations 235,910.15 199,096.39
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
43
Donations
20,000.00
Total 1,966,599.03 3,800,741.55
Non-operating expenditure has decreased RMB 1,834,142.52 by 48.26%. Main reason of this
decrease is due from guarantee losses of RMB 3,321,911.65 for Sino Shenma Group Co., Ltd.
occurred in the previous period.
6.44 Other cash received relating to operating activities amounts to RMB 436,982,187.55
Main items are:
Item Amount
Current Account 213,605,650.69
Interest income 4,550,435.72
Yangpu District Land Development
Center
125,978,500.00
Others 92,847,601.14
6.45 Other cash paid relating to operating activities amounts to RMB 399,073,462.59
Main items are:
Item Amount
Current Account
166,840,036.23
Expenditures
165,408,879.83
Others
66,824,546.53
6.46 Other cash received relating to investment activities amounts to RMB 27,861,127.44
The main reason is due to Shanghai Tyre & Rubber Co., Ltd Rugao Investment Co., Ltd., the
former subsidiary of Shanghai Tyre & Rubber Co., Ltd, excluded in the consolidation scope in
current period.
7 Notes to the main items of accounting statement of the parent company (Amounts
expressed are in RMB for closing balance unless otherwise stated.)
7.1 Accounts receivable
1. Aging analysis
Ending Balance Opening Balance
Aging
Book Value
Percentage
(%)
Provision
Rate (%)
Bad Debt
Provision
Book Value
Percentage
(%)
Provision
Rate (%)
Bad Debt
Provision
Within 1
286,704,149.72
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
44
year
(note)
833,349,309.91 99.48% 5% 730,481,255.55 99.46
%
5% 291,180,610.03
1-2 years
302,465.21 0.04% 30% 90,739.56 254,148.12 0.03% 30% 76,244.44
2-3 years
1,385,498.25 0.16% 50% 865,342.82 1,172,893.57 0.16% 50% 759,040.48
Over 3
years
2,682,341.15 0.32% 100% 2,682,341.15
2,575,470.03
0.35% 100%
2,575,470.03
Total
837,719,614.52 100.00% --- 290,342,573.25 734,483,767.27 100.00
%
--- 294,591,364.98
Note: Net assets of the following subsidiaries, Shanghai Tyre & Rubber Supply and
Marketing Co., Ltd, Shanghai Tyre & Rubber Co., Ltd. Tyre Research Institute are negative;
therefore, bad debt provision of RMB 256,666,937.96 and bad debt provision of RMB
5,190,488.07 are recognized respectively by the parent company against relative account
receivables based on its proportion of net assets
2. The first five largest amounts of accounts receivable amount to RMB733,570,484.37,
accounting for 87.57% of the total amount of accounts receivable.
3. Explanation for the 100% provision or the provision rate over 40%:
Debtor Amount Provision Rate Aging
Shanghai Tyre & Rubber
Supply and Marketing Co., Ltd.
256,666,937.96 99.58% Within 1 year
4. Except for above-mentioned accounts receivable, 5% provision is made for accounts within
one year; 30% provision is made for accounts within 1-2 years; 50% provision is made for
accounts within 2-3 years; 100% provision is made for accounts over 3 years.
5. There is no account receivable due from shareholders owning more than 5% (including 5%)
of voting shares of the parent company at year-end.
7.2 Other receivables
1. Aging analysis
Ending balance Opening Balance
Aging
Book Value Percentage Provision Book Value Percentage Provision
Within
1 year
422,639,613.66 57.15% …… 315,352,256.45 49.89% ……
1-2
years
52,108,164.15 7.05% …… 52,108,164.15 8.24% ……
2-3 44,841,080.27 6.06% …… 44,841,080.27 7.09% ……
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
45
years
Over 3
years
219,892,638.88 29.74% 19,461,673.73 219,892,638.88 34.78% 19,461,673.73
Total 739,481,496.96 100.00% 19,461,673.73 632,194,139.75 100.00% 19,461,673.73
2. The first five largest other receivables amount to 475,815,273.13, accounting for 64.34% of
the ending balance
3. Explanation for the 100% provision or the provision rate over 40%:
Nature Amount Provision Rate
Temporary loan 10,538,272.93 100%
Security deposit 8,118,400.80 100%
Advances to suppliers 805,000.00 100%
Total 19,461,673.73
4. Big amounts are:
Debtor Amount Nature or Content
Shanghai Double Coin
Biyuan Real Estate Co., Ltd.
179,441,500.00 Temporary loan
Land exchange Proceeds 152,297,829.03 Note 1
Shanghai Zhengxing Real Estate
Co., Ltd.
For disposal of shares
62,767,306.58
48,000,000.00
Temporary loan
(Note2
Shanghai Tyre & Rubber
Co., Ltd. Tyre Research
Institute
43,408,637.52 Temporary loan
Total 485,915,273.13
Note 1: According to the first temporary shareholders meeting in 2003, it was decided that the
parent company would include the following accounts receivable in the exchange plan.
Therefore, no provision is made in this period. (Details please see Note 12.2)
Note 2: As of reporting date, RMB 17 million of accounts receivable from Rugao Investment
Co., Ltd.for Shares transfer is received. The rest RMB 31 million will be received in
Auguest this year as agreed before.
5. No amount due from the shareholders that own more than 5%(including 5%) voting shares of
the Company.
7.3 Long-term investment
Item Ending Balance Opening Balance
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
46
Book Value Provision Book Value Provision
Long-term equity
investment
759,356,240.47 12,466,344.08
861,699,514.55 12,483,305.46
1. Long-term equity investment
(1) Investment in shares
Name of Investee Category Quantities
Proportions
to
registered
capital
Original
investment
costs
Ending book
value
Provision
Opening book
value
Pudong Development
Bank
Legal person
shares
…… 6,000,000.00
Sanjiu Development
Legal person
shares
1,760 <5% 15,188.80 15,188.80 3,414.40 15,188.80
Chlorine alkali
Chemicals
Legal person
shares
33,880 <5% 265,804.00 265,804.00 92,338.40 265,804.00
Bailian Stocks
Legal person
shares
173,467 <5% 1,497,020.21 1,497,020.21 563,767.75 1,497,020.21
Aijian Stocks
Legal person
shares
208,339 <5% 700,000.00 700,000.00 …… 700,000.00
Shanghai Petroline
Legal person
shares
200,000 <5% 600,000.00 600,000.00 …… 600,000.00
Jinjiang Restaurant
Legal person
shares
8,541,951 <5% 9,000,000.00 9,000,000.00 …… 9,000,000.00
Jinjiang Restaurant -786,585.58 -786,585.58
Subtotal --- …… …… 11,291,427.43 11,291,427.43 659,520.55 18,078,013.01
(2) Other equity investment
A. Valuation of equity investment in subsidiaries under cost method:
Name of Investee Proportion to the
registered capital Opening bal Increases/
Decreases
Ending book
value
Shanghai Steel Wire Technology
Development Co., Ltd. (Note 1) 2.00% 31,905.29 …… 31,905.29
Shanghai Senmao Industry Co.,
Ltd. 17.00% 2,076,061.94 …… 2,076,061.94
China North America Tyre
Marketing Co., Ltd. 44.00% 3,606,724.44 …… 3,606,724.44
Liaoning Shanghai Tyre &
Rubber Joint-Venture Co., Ltd.
(Note 1）
50.00% 500,000.00 …… 500,000.00
Shanghai Changyin Industrial
Trading Co., Ltd. (Note 1) --- 1,000,000.00 --- 1,000,000.00
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
47
Far East Economic Industry Co.,
Ltd. (Note 1) 3.00% 30,000.00 --- 30,000.00
China Zhonglian Rubber Co.,
Ltd. --- 1,050,000.00 --- 1,050,000.00
Shanghai Chemical Project
Technology Consulting Co., Ltd. 12.50% 150,000.00 --- 150,000.00
Shanghai Culture Industry Co.,
Ltd. (Note 1) 7.50% 1,500,000.00 --- 1,500,000.00
Shanghai Shengsheng Tyre
Mould Co., Ltd 15.00% 600,000.00 --- 600,000.00
Bank of Communications <5% 1,900,000.00 1,900,000.00
Shengyin Waiguo Securities
Co., Ltd. <5% 12,500,000.00 12,500,000.00
Changjiang Economic United
Development (Group) Co., Ltd. <5% 2,800,000.00 2,800,000.00
Shanghai International Trust
Investment Co., Ltd <5% 23,333,300.00 23,333,300.00
Haitong Securities <5% 10,200,000.00 10,200,000.00
Shanghai Baoding Investment
Co., Ltd <5% 625,000.00 625,000.00
Sub-total 61,902,991.67 61,902,991.67
Note 1: Fully provision for diminution in value has been made.
Note 2: Shares have been disposed during the period.
Note 3: Provision for impairement loss is 40%
B. Valuation of equity investment in subsidiaries under equity method：
Increase/Decrease in current period Ending Balance
Among which:
Investee
Proportion
to the
registered
capital
Opening bal
Total
Investment cost
Recognized
investment
income
Amortization
Provision
Profit
Investment Cost
Accumulated
Increase/
Decrease
Total
Shanghai
Soap (Group)
Co., Ltd.
60.00% 179,721,098.94 -7,459,895.52 9,907,394.14 -16,103,840.40
-1,263,449.26
--- 180,000,000.00 -7,738,796.58 172,261,203.42
Shanghai Tyre
& Rubber Co.,
Ltd. Tyre
Research
Institute
100.00% 1,570,146.86 -1,570,146.86 --- -1,570,146.86 --- --- --- 30,000,000.00 -30,000,000.00
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
48
Shanghai Tyre
& Rubber
Rugao
Investment
Co., Ltd
81.83% 68,538,929.24 -68,538,929.24 -68,538,929.24 --- --- 71,600,000.00 -71,600,000.00
Shanghai Tyre
& Rubber
Rugao Co.,
Ltd
51.67% 148,931,068.96 6,108,261.95 6,108,261.95 --- --- --- 155,036,890.00 2,440.91 155,039,330.91
Shanghai Tyre
& Rubber Co.,
Ltd. Supply
and Marketing
Co., Ltd.
(Note 1)
90.48% --- --- --- --- --- --- 19,000,000.00 -19,000,000.00 ---
Shanghai
Dafu Rubber
Co., Ltd.
(Note 1)
90.00% -3,670,000.00 --- --- --- --- --- --- 33,000,000.00 -36,670,000.00 -3,670,000.00
Shanghai
Xinye
Industry Co.,
Ltd.
90.00% 47,914,151.77 2,935,621.51 …… 2,935,621.51 --- 131,022,000.00 -80,172,226.72 50,849,773.28
Shanghai Tyre
& Rubber Co.,
Ltd.Sijing
Rubber
Factory
79.75% 7,271,558.96 3,037,037.02 …… 3,037,037.02 --- --- 22,736,735.00 -12,428,139.02 10,308,595.98
Shanghai Tyre
& Rubber
Donghai Tyre
Co., Ltd
65.00% 33,999,079.65 74,517.96 …… 74,517.96 --- --- --- 9,542,000.00 24,531,597.61 34,073,597.61
Shanghai
Double Coin
Biyuan
Property
Management
Co., Ltd
90.00% 9,000,000.00 --- --- --- --- --- --- 9,000,000.00 --- 9,000,000.00
Haikou
FuhuaTyre
Marketing
Ltd.
90.00% 3,239,420.82 --- --- --- --- --- --- 1,800,000.00 1,439,420.82 3,239,420.82
Shanghai Tyre
and Rubber
Mould
Machinery
Co., Ltd
(Note 1)
43.68% -3,767,298.53 --- --- --- --- --- --- 22,497,487.86 -26,264,786.39 -3,767,298.53
Shanghai Tyre
& Rubber
Joint-Venture
Co., Ltd.
59.67% 3,701,352.26 456,871.12 500,000.00 -43,128.88 --- --- 3,300,000.00 858,223.38 4,158,223.38
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
49
Shanghai
Rubber Industry
Supply &
Marketing Co.,
Ltd.（Note 1）
94.12% …… …… …… …… --- --- 8,000,000.00 -8,000,000.00 ---
Xiamen Huili
Industrial and
Trading Co.,
Ltd (Note 2）
100.00% 2,246,557.67 --- --- --- --- --- --- 1,600,000.00 646,557.67 2,246,557.67
Hainan Huili
Industrial and
Trading Co.,
Ltd (Note 2）
100.00% 460,707.19 --- --- --- --- --- --- 900,000.00 -439,292.81 460,707.19
America
Shanghai T.R.
Co., Ltd
(Note 2)
70.00% 1,038,868.12 -16,961.38 -16,961.38 --- --- --- --- 1,218,280.00 -196,373.26 1,021,906.74
Shanghai
Shanglun
Labour
Services Co.,
Ltd (Note 3)
80% 92,459.90 5,317.31 5,317.31 80,000.00 17,777.21 97,777.21
Sub-total --- 500,288,101.81 -64,968,306.13 -58,148,496.48 -5,556,360.39
-1,263,449.26
700,333,392.86 -265,013,597.18 435,319,795.68
Note 1: The net asset of the investee is negative; therefore, valuation of long-term investment is zero.
Note 2: Full provision has been made
Note 3: New investment in current period
Note 4: Equity transfer
Note 5: Net asset of the investee is negative, long-term investment is account by the proportion in the
consolidationscope.
Note 6：Court proceeding end due nto bankrupcy
C. Valuation of equity investment in joint ventures by equity method:
Decrease/Increase in current period Ending Balance
Among whicName of h:
Investee
Proportion
to the
registered
capital
Opening bal
Total Investment
cost
Recognized
income
Difference
Amortized
Profit
Original
Investment
Accumulated
Decrease/
Increase
Total
Thailand Huatai
Rubber Co.,
Ltd.
40.00% 4,945,209.23 --- --- --- --- --- 6,927,680.00 -1,982,470.77 4,945,209.23
Shanghai
Xinlun United
Development
Co., Ltd.
40.00% 102,029,480.32 -24,867,323.82 …… -24,867,323.82 --- --- 90,247,200.00 -13,085,043.50 77,162,156.50
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
50
Shanghai
Michelin Huili
Tyre Co., Ltd.
28.49% 105,610,895.12 -5,998,423.51 -5,533,446.23 -464,977.28 --- 274,415,680.00 -174,803,208.39 99,612,471.61
Shanghai Steel
Wire Factory
Pudong
Drawbench
Mould Co., Ltd.
49.00% 568,356.37 -8,431.26 …… 740.23 -9,171.49 1,038,800.00 -478,874.89 559,925.11
Shanghai
ShenmaCuttain
Cloth Co., Ltd.
（Note 1）
22.47% …… 10,989,306.82 -10,989,306.82
Shanghai Steel
Wire Factory
Industrial and
Trading Co.,
Ltd (Note 2)
40.00% 15,746.64 --- --- --- --- --- 39,191.22 -23,444.58 15,746.64
Shanghai Bus
Jiaoda Tennis
Club Co., Ltd.上
(Note 3)
30.43% 7,260,720.38 -601,236.52 -601,236.52 7,000,000.00 -340,516.14 6,659,483.86
Shanghai
DoubleCoin Tyre
Marketing Co.,
Ltd.（Note 3）
35.06% 61,000,000.00 887,032.74 887,032.74 61,000,000.00 887,032.74 61,887,032.74
Sub-total --- 281,430,408.06 -30,588,382.37 -30,114,233.60 -474,148.77 451,657,858.04 -200,815,832.35 250,842,025.69
Note1：The net asset of the investee is negative; therefore, valuation of long-term investment is
zero.
Note 2: Full provision for diminution in value has been made
Note 3: Additional capital injection
Note 4: New investment
D Among which equity investment differences are:
Name of Investee Original Amount Causes
Amortization
period
Opening
Balance
Amortized
Ending
Balance
Shangahi Michelin Huili
Tyre Co., Ltd.
9,299,545.57
Share
Purchase
10 year 4,882,261.41 464,977.28 4,417,284.13
Shanghai Steel Wire
Factory Pudong
Drawbench Mould Co.,
Ltd.
183,429.84 Annexation 10 years 55,028.98 9,171.49 45,857.49
Shanghai Soaps (Group)
Co., Ltd
25,268,985.30
Share
Purchase
10 years 14,950,816.30 1,263,449.26 13,687,367.04
Sub-total 34,751,960.71 --- --- 19,888,106.69 1,737,598.03 18,150,508.66
2. Provision for losses of long-term investment
Name of Investee Opening Balance Increase Decrease Ending Balance
Investment in shares 659,520.55 659,520.55
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
51
Shenyin & Wanguo Securities Co.,
Ltd. 5,000,000.00 …… 5,000,000.00
Shanghai Steel Wire
Technology Development Co.,
Ltd
31,905.29 --- --- 31,905.29
Liaoning Shanghai Tyre &
Rubber Joint-Venture Co., Ltd.
500,000.00 --- --- 500,000.00
Shanghai Changyin Industrial
Trading Co., Ltd.
1,000,000.00 --- --- 1,000,000.00
Far East Economic Industry
Co., Ltd.
30,000.00 --- --- 30,000.00
Shanghai Culture Industry Co.,
Ltd.
1,500,000.00 --- --- 1,500,000.00
Shanghai Steel Wire Trading
Co., Ltd
15,746.64 --- --- 15,746.64
Xiamen Huili Industrial and
Trading Co., Ltd.
2,246,557.67 --- --- 2,246,557.67
Hainan Huili Industrial and
Trading Co., Ltd.
460,707.19 --- --- 460,707.19
America Shanghai T.R. Co.,
Ltd
1,038,868.12 --- 16,961.38 1,021,906.74
Sub-total 12,483,305.46 16,961.38 12,466,344.08
7.4 Revenue and costs from principal operations
Revenue from principal operations Cost of principal operations
Category
Current Period Previous Period Current Period Previous Period
Industry 2,236,278,733.86 1,667,310,082.80 2,077,420,193.75 1,443,121,165.49
Revenue from principal operations has increased 568,968,651.06 by 34.12% as compared with
previous period. Main reason of this increase is due to that whole-steel tyre project of the parent
company has been put into use.
7.5 Sales and administrative expenses
Category Current Period Previous Period
Increased/
Decreased
Sales and administrative expenses 63,351,388.41 38,457,158.53 24,894,229.88
Sales and administrative expenses have increased 24,894,229.88 as compared with previous period.
Main reasons of this decrease are:
A wholly owned subsidiary of the Company has made profit of 11,026,400.00 in the current period,
the remaining profit has been offset previous bad debts provision by the parent company. While in
the same period of last year, the same reason for offsetting administrative expenses is
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
52
38,732,500.00 ， the difference is 27,706,100.00. It’s the main reason for the increase of
administrative expenses in current period.
7.6 Investment income
1. Current Period
Income from
investment in
shares
Income
recognized
from equity
investment
under cost
method
Income
recognized from
equity
investment
under equity
method
Amortization
on equity
investment
difference
Profit from
disposal of
shares
Provision
Total
Long-term
equity
investment
43,935,083.65 2585827.79 -35,680,593.99 -1,737,598.03 9,953,882.97 16,961.38 19,073,563.77
2、Previous Period
Category Income from
investment in
shares
Income
recognized
from equity
investment
under cost
method
Income
recognized
from equity
investment
under equity
method
Amortization
on equity
investment
difference
Profit from
disposal of
shares
Provision
Total
Long-term
equity
investment
1,080,000.00
-
38,252,327.16
-
4,357,586.80
-
41,529,913.96
Income of equity investment recognized under equity method has inreased 3,968.06% by RMB
42,855,083.65. Main reason of this decrease is due to the net income of the disposal of 9 million
legal person shares of Pudong Bank
3. Activities accounting for over 10%(including 10%) of the total Investment income:
Note: Details of investment income recognized under equity method please see 7.31/1/(2)/B &
C
8 Related parties and related party transactions:
8.1 The related parties controlling the Company
1. The related parties controlling the Company
(1) The related parties controlling the Company
Activity Income Amount
Equity investment income
recognized under equity method
-33,094,766.20
Income from the disposal of legal
person shares and income of
dividend
43,935,083.65
Net income from disposal of shares 9,953,882.97
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
53
Name Registered
address
Principle
operation
Relation
Economic
Structure
Legal person
Shanghai Hua Yi
(Group) Company
No.560, Rd.Xu
Jia Hui
Investment&
Management
Direct Controlling
Party
State-owned
enterprise
Zhang Pei Zhang
(2) The related parties controlled by the Company: Details please see note 4
2. The register capital, paid-in capital and the change of the related parties that have controlling
relationships. (Unit: Yuan)
Company Name
Opening
Balance
Increase Decrease
Ending
Balance
Shanghai Hua Yi (Group) Company 3,281,080,000.00 --- --- 3,281,080,000.00
Shanghai Soaps (Group) Co., Ltd 160,690,000.00 --- --- 160,690,000.00
Shanghai Tyre & Rubber Research
Institute
30,000,000.00 --- --- 30,000,000.00
Shanghai Tyre & Rubber Rugao
Investment Co., Ltd
87,500,000.00 --- 87,500,000.00 ---
Shanghai Tyre & Rubber Rugao Co., Ltd USD34,705,819.00 USD1,564,181.00 USD36,270,000.00
Shanghai Tyre & Rubber Co., Ltd.
Supply and Marketing Co., Ltd.
21,000,000.00 --- --- 21,000,000.00
Shanghai Dafu Rubber Co., Ltd. 36,670,000.00 --- --- 36,670,000.00
Shanghai Xinye Industry Co., Ltd. 145,580,000.00 --- --- 145,580,000.00
Shanghai Tyre & Rubber Co., Ltd.Sijing
Rubber Factory
28,510,000.00 --- --- 28,510,000.00
Shanghai Tyre & Rubber Co., Ltd.
Donghai Rubber Factory
14,680,000.00 --- --- 14,680,000.00
Shanghai Double Coin Biyuan Real
Estate Co., Ltd.
10,000,000.00 --- 10,000,000.00
Haikou Fuhua Tyre Marketing Co., Ltd. 2,000,000.00 --- --- 2,000,000.00
Shanghai Tyre & Rubber Mould
Machinery Co., Ltd
18,000,000.00 --- --- 18,000,000.00
Shanghai Tyre & Rubber Joint-Venture
Co., Ltd.
5,070,000.00 --- --- 5,070,000.00
Shanghai Rubber Industry Supply and
Marketing Co., Ltd.
8,500,000.00 --- --- 8,500,000.00
Xiamen Huili Industrial and Trading Co.,
Ltd.
1,600,000.00 --- --- 1,600,000.00
Hainan Huili Industrial and Trading Co.,
Ltd.
900,000.00 --- --- 900,000.00
America Shanghai T.R. Co., Ltd. USD 200,000.00 --- --- USD 200,000.00
Shanglun Labour Service Co., Ltd. 100,000.00 --- 100,000.00
Shanghai Tyre & Rubber Co., Ltd. Real
Estate Development Co., Ltd.
20,000,000.00 --- --- 20,000,000.00
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
54
Shanghai Tianfu Property Development
Co., Ltd.
USD 11,400,000.00 --- --- USD 11,400,000.00
Shangahi Aihua Testing Equipment
Servicing
30,000.00 --- --- 30,000.00
Shenzheng Shanglun Trading Co., Ltd. 1,100,000.00 --- --- 1,100,000.00
Shanghai Shanglian Chemicals Industry
Co., Ltd.
3,810,000.00 --- --- 3,810,000.00
Shanghai Zhengli Rubber Industrial and
Trading Co., Ltd.
1,004,000.00 --- --- 1,004,000.00
Shanghai Calcium Carbonate Factory 1,082,000.00 --- --- 1,082,000.00
Shanghai Zonglian Rubber Co., Ltd. 1,060,000.00 --- --- 1,060,000.00
Shanghai Zhenghua Industrial and
Trading Co., Ltd.
1,000,000.00 --- --- 1,000,000.00
Shanghai Xinye Advertising Co., Ltd 500,000.00 --- --- 500,000.00
Shanghai Xinming Rubber Factory 1,500,000.00 --- --- 1,500,000.00
Shanghai Baolun Industry Co., Ltd. 500,000.00 --- --- 500,000.00
Shanghai Dunxin Trading Co., Ltd. 1,800,000.00 --- --- 1,800,000.00
Shanghai Taihua Leasing Co., Ltd. 3,500,000.00 --- --- 3,500,000.00
Shanghai Hailun Trading Co., Ltd. 1,700,000.00 --- --- 1,700,000.00
Shanghai Huili Hotel 4,000,000.00 --- --- 4,000,000.00
Shanghai Shuangli Property Management
Co., Ltd.
500,000.00 --- --- 500,000.00
Shanghai Longtai Fine Rubber Co., Ltd. 11,250,000.00 --- --- 11,250,000.00
Shanghai Fupu Rubber Co., Ltd 3,000,000.00 --- --- 3,000,000.00
Shanghai Tyre & Rubber Co., Ltd.
Property Exchange Department
500,000.00 --- --- 500,000.00
Tiankai Computer System Co., Ltd. 1,000,000.00 --- --- 1,000,000.00
Shanghai White Elephant Swan Battery
Co., Ltd.
35,000,000.00 --- --- 35,000,000.00
Shanghai Soaps (Group) Supply and
Marketing Co., Ltd.
10,000,000.00 --- --- 10,000,000.00
Shanghai Soap Factory 94,360,000.00 --- --- 94,360,000.00
Shanghai Printing Ink Factory 17,282,000.00 --- --- 17,282,000.00
Shanghai Lingxu Axunge
Storage&Refinery Co., Ltd.
USD 700,000.00 --- --- USD 700,000.00
Shanghai Peony Printing Ink Co., Ltd. 85,000,000.00 --- --- 85,000,000.00
Shanghai Keller Chemicals Co., Ltd. USD 3,000,000.00 --- --- USD 3,000,000.00
Sichuan Keller Joint-Venture Co., Ltd. 2,000,000.00 --- --- 2,000,000.00
Shanghai Soaps (Mianyang) Co., Ltd. 4,000,000.00 --- --- 4,000,000.00
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
55
Shanghai Soaps (Group) Co., Ltd. USD 41,950,000.00 --- --- USD 41,950,000.00
Shanghai Xinxing Trading Co., Ltd. 600,000.00 --- --- 600,000.00
Moltech power systems inc. USD 10,000.00 --- --- USD 10,000.00
Moltech Power System (Shanghai) Co.,
Ltd. (Note 1)
USD18,505,000.00 USD18,505,000.00
Moltech Power System ( Rugao) Co.,
Ltd. (Note 2)
USD 9,300,000.00 --- --- USD 9,300,000.00
Moltech Holdings Corporation USD 50,000.00 --- --- USD 50,000.00
Moltech Power Systems European
Operations
USD233,000.00 --- --- USD233,000.00
Shanghai Pudong Sida Garden Note 4 15,925,000.00 16,575,000.00 32,500,000.00
Note 1: The registered capital is USD 25,000,000.00 and paid-in capital is USD 18,505,000.00.
Note 2: The registered capital is USD 12,000,000.00 and paid-in capital is USD 9,300,000.00.
Note 3：Disposal shares in current period.
Note 4：New investment
2. Shares held by the related parties that controlling or controlled by the Company and its
change (Unit: Yuan)
Company Name Opening Balance Increase Decrease Ending Balance
Amount ％ Amount Amount Amount ％
Shanghai Hua Yi (Group)
Company
605,857,461.00 68.11 --- 16,016,000.00 589,841,461.00 66.31
Shanghai Soaps (Group) Co.,
Ltd
96,414,000.00 60.00 --- --- 96,414,000.00 60.00
Shanghai Tyre & Rubber
Research Institute
30,000,000.00 100.00 --- --- 30,000,000.00 100.00
Shanghai Tyre & Rubber
Rugao Investment Co., Ltd
71,600,000.00 81.83 ---
71,600,000.00-
--
Shanghai Tyre & Rubber
Rugao Co., Ltd
USD27,202,500.00 75.00 USD1,564,18
1.00 USD36,270,000.00 51.67
Shanghai Tyre & Rubber Co.,
Ltd. Supply and Marketing
Co., Ltd
21,000,000.00 100.00 --- --- 21,000,000.00 100.00
Shanghai Dafu Rubber Co.,
Ltd.
36,670,000.00 100.00 --- --- 36,670,000.00 100.00
Shanghai Xinye Industry Co.,
Ltd.
145,580,000.00 100.00 --- --- 145,580,000.00 100.00
Shanghai Tyre & Rubber Co.,
Ltd.Sijing Rubber Factory
22,736,725.00 79.75 --- 22,736,725.00 79.75
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
56
. Shanghai Tyre & Rubber
Co., Ltd. Donghai Rubber
Factory
9,542,000.00 65.00 --- --- 9,542,000.00 65.00
Shanghai Double Coin Biyuan
Real Estate Co., Ltd
9,000,000.00 90.00 --- --- 9,000,000.00 90.00
Haikou Fuhua Tyre Marketing
Co., Ltd.
1,800,000.00 90.00 --- --- 1,800,000.00 90.00
Shanghai Tyre & Rubber
Mould Machinery Co., Ltd
9,180,000.00 51.00 --- --- 9,180,000.00 51.00
Shanghai Tyre & Rubber Joint-
Venture Co., Ltd.
3,869,914.00 69.62 --- --- 3,869,914.00 69.62
Shanghai Rubber Industry
Supply and Marketing Co.,
Ltd.
8,000,000.00 94.12 --- --- 8,000,000.00 94.12
Xiamen Huili Industrial and
Trading Co., Ltd.
1,600,000.00 100.00 --- --- 1,600,000.00 100.00
Hainan Huili Industrial and
Trading Co., Ltd.
900,000.00 100.00 --- --- 900,000.00 100.00
America Shanghai T.R. Co.,
Ltd.
USD 140,000.00 70.00 --- --- USD 140,000.00 70.00
Shanglun Labour Service Co.,
Ltd.
80,000.00 80.00 --- 80,000.00 80.00
Shanghai Tyre & Rubber Co.,
Ltd. Real Estate Development
Co., Ltd.
20,000,000.00 100.00 --- --- 20,000,000.00 100.00
Shanghai Tianfu Property
Development Co., Ltd.
USD 6,840,000.00 60.00 --- --- USD 6,840,000.00 60.00
Shanghai Aihua Testing
Equipment Servicing
30,000.00 100.00 --- --- 30,000.00 100.00
Shenzheng Shanglun Trading
Co., Ltd.
1,100,000.00 100.00 --- --- 1,100,000.00 100.00
Shanghai Shanglian Chemicals
Industry Co., Ltd.
3,810,000.00 100.00 --- --- 3,810,000.00 100.00
Shanghai Zhengli Rubber
Industrial and Trading Co.,
Ltd.
1,004,000.00 100.00 --- --- 1,004,000.00 100.00
Shanghai Calcium Carbonate
Factory
1,082,000.00 100.00 --- --- 1,082,000.00 100.00
Shanghai Zonglian Rubber
Co., Ltd.
1,060,000.00 100.00 --- --- 1,060,000.00 100.00
Shanghai Zhenghua Industrial
and Trading Co., Ltd.
1,000,000.00 100.00 --- --- 1,000,000.00 100.00
Shanghai Xinye Advertising 500,000.00 100.00 --- --- 500,000.00 100.00
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
57
Co., Ltd
Shanghai Xinming Rubber
Factory
1,420,050.00 94.67 --- --- 1,420,050.00 94.67
Shanghai Baolun Industry Co.,
Ltd.
400,000.00 80.00 --- --- 400,000.00 80.00
Shanghai Dunxin Trading Co.,
Ltd.
1,499,940.00 83.33 --- --- 1,499,940.00 83.33
Shanghai Taihua Leasing Co.,
Ltd.
3,150,000.00 90.00 --- --- 3,150,000.00 90.00
Shanghai Hualun Trading Co.,
Ltd.
1,500,080.00 88.24 --- --- 1,500,080.00 88.24
Shanghai Huili Hotel 3,200,000.00 80.00 --- --- 3,200,000.00 80.00
Shanghai Shuangli Property
Management Co., Ltd.
450,000.00 90.00 --- --- 450,000.00 90.00
Shanghai Longtai Fine Rubber
Co., Ltd.
6,000,000.00 53.33 --- --- 6,000,000.00 53.33
Shanghai Fupu Rubber Co.,
Ltd
2,400,000.00 80.00 --- 2,400,000.00 80.00
Shanghai Tyre & Rubber Co.,
Ltd. Property Exchange
Department
500,000.00 100.00 --- --- 500,000.00 100.00
Tiankai Computer System Co.,
Ltd.
800,000.00 80.00 --- --- 800,000.00 80.00
Shanghai White Elephant
Swan Battery Co., Ltd.
35,000,000.00 100.00 --- --- 35,000,000.00 100.00
Shanghai Soaps (Group)
Supply and Marketing Co.,
Ltd.
10,000,000.00 100.00 --- --- 10,000,000.00 100.00
Shanghai Soap Factory 94,360,000.00 100.00 --- --- 94,360,000.00 100.00
Shanghai Printing Ink Factory 17,282,000.00 100.00 --- --- 17,282,000.00 100.00
Shanghai Lingxu Axunge
Storage & Refinery Co., Ltd.
USD 456,890.00 65.27 --- --- USD 456,890.00 65.27
Shanghai Peony Printing Ink
Co., Ltd.
85,000,000.00 100.00 --- --- 85,000,000.00 100.00
Moltech Holdings Corporation USD 35,000.00 70.00 --- --- USD 35,000.00 70.00
Shanghai Keller Chemicals
Co., Ltd
USD 1,800,000.00 60.00 --- --- USD 1,800,000.00 60.00
Sichuan Keller Joint-Venture
Co., Ltd.
1,020,000.00 51.00 --- --- 1,020,000.00 51.00
Shanghai Soaps (Mianyang)
Co., Ltd.
2,200,000.00 55.00 --- --- 2,200,000.00 55.00
Shanghai Soaps (Group) Co.,
Ltd.
USD 31,462,500.00 75.00 --- --- USD 31,462,500.00 75.00
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
58
Moltech power systems
(Shanghai) Co., Ltd..
USD18,505,000.00 100.00 USD18,505,000.00 100.00
Shanghai Xinxing Trading Co.,
Ltd.
600,000.00 100.00 --- --- 600,000.00 100.00
Moltech Power System
(Rugao) Co., Ltd. (Note 2)
USD 9,300,000.00 100.00 --- --- USD 9,300,000.00 100.00
Moltech power systems inc USD 10,000.00 100.00 --- --- USD 10,000.00 100.00
Moltech Power Systems
European Operations
USD 233,000.00 100.00 --- --- USD233,000.00 100.00
Shanghai Pudong Sida Garden
(Note 2)
15,925,000.00 49.00 16,575,000.00 32,500,000.00 100.00
Note 1：Disposal in current period
Note 2：New investment
8.2 The related parties without controlling relation：
Company Name Relationships
Shanghai Rubber Auxiliary Reagent Factory Fellow subsidiary
Shanghai Carbonization Co., Ltd Fellow subsidiary
Shanghai Zhengxing Real Estate Co., Ltd. Joint Venture
Shanghai Shenma Curtain Cloth Co., Ltd. Joint Venture
Shanghai Senmao Industry Co., Ltd. Joint Venture
China Manufacturers Alliamcc, LLC Joint Venture
Shanghai Michelin Huili Tyre Co., Ltd. Joint Venture
Shanghai Hulun Tyre & Rubber Co., Ltd. Joint Venture
Shanghai Soaps (Group) Rugao Co., Ltd. Joint Venture
Shanghai Dunhuang Container Manufacture Joint Venture
Shanghai Fengping Co., Ltd. Huali Painting
Materials Factory Joint Venture
Shanghai Dunxin Trading Co., Ltd Joint Venture
Shanghai Calcium Carbonate Factory Joint Venture
Shanghai kexin Chemical Co., Ltd Joint Venture
Shanghai Shengsheng Tyre Mould Co., Ltd Joint Venture
Tailand Huatai Rubber Co., Ltd Joint Venture
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
59
Shanghai Soaps Factory Hainan United Sub-
Factory Joint Venture
Shanghai No. 1 Rubber Machinery Factory Joint Venture
Shanghai Double Coin Tyre Marketing Co., Ltd. Joint Venture
8.3 Related transactions
1. The related transactions between the consolidated subsidiaries with controlling relations
have been offset.
2. Purchase goods from related parties
(1) Transaction details:
Company Name Current Period Previous Period
Shanghai Calcium Carbonate Factory
84,885.32 85,200.00
Tailand Huatai Rubber Co., Ltd
1,390,618.67 36,981,573.75
Shanghai Michelin Huili Tyre Co., Ltd
482,126.90
Shanghai Carbonization Co., Ltd
29,589,315.85 30,426,190.68
Shanghai Fengping Co., Ltd. Huali Painting
Materials Factory 1,202,633.40 8,274,762.99
Shanghai Rubber Auxiliary Reagent
Factory 681,480.00 685,647.00
Shanghai Soap (Group) Rugao Co., Ltd. 63,846,442.10 11,439,244.61
Total 97,277,502.24 87,892,619.03
Purchase price of related transactions are based on the market price.
3. Sales to related parties
(1) Transaction details
Company Name Current Period Previous Period
China Manufacturers Alliamcc, LLC
USD56,093,173.73 USD34,319,024.01
Shanghai Michelin Huili Tyre Co., Ltd. 30,599,999.98 30,200,132.78
Shanghai Tyre & Rubber Joint-Venture
Co., Ltd.
230,700.00
Shanghai Hulun Tyre & Rubber Co., Ltd.
2,663,412.14 1,756,297.45
Shanghai Fengping Co., Ltd. Huali
Painting Materials Factory
1,000,000.00 6,223,805.30
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
60
Shanghai Double Coin Marketing Co., Ltd. 1,546,562,670.66
Shanghai Soap (Group) Rugao Co., Ltd. 12,957,474.47
---
Sub-total USD USD56,093,173.73
USD34,319,024.01
Sub-total RMB 1,594,014,257.25 38,180,235.38
Total 1,942,867,744.01 322,221,637.60
Prices of related transactions are based on relative market prices.
4. Current account with related parties:
Item Ending Balance of
Current Period
Ending Balance of
Previous Period
Account Receivable
Shanghai Soaps Factory Hainan United Sub-
Factory
572,351.94 572,351.94
China North American Tyre Sales Co., Ltd 348,853,486.76 282,824,366.06
Shanghai Soaps (Mianyang) Co., Ltd. --- 264,624.00
Shanghai Zhengli Rubber Industrial and
Trading Co., Ltd. 1,403,628.66 1,403,628.66
Shanghai Zhenghua Industrial and Trading Co.,
Ltd. 306,022.91 306,022.91
Shanghai Hualun Trading Co., Ltd. 3,318,657.07
Hainan Huili Industrial and Trading Co., Ltd. 1,603,185.50 2,434,929.66
Shanghai Dunxin Trading Co., Ltd 524,818.45
Shanghai Fupu Rubber Co., Ltd 347,410.58 347,410.58
Shanghai Soaps (Group) Rugao Co., Ltd 12,957,474.47 40,595,851.73
Xiamen Huili Industrial and Trading Co., Ltd. 319,105.60
Sub-total 366,043,560.82 332,911,766.66
Other receivables:
Hainan Huili Industrial and Trading Co., Ltd. 100,946.83 100,946.83
Shanghai Baolun Industry Co., Ltd. 142,925.82 142,925.82
Shanghai Fengping Co., Ltd. Huali Painting
Materials Factory 1,000,000.00 1,000,000.00
Shanghai Hulun Tyre & Rubber Co., Ltd.
Shanghai Hualun Trading Co., Ltd.
Shanghai Huili Hotel 2,457,370.76 2,453,795.19
Shanghai Keller Art Carving Co., Ltd --- 921,252.10
Shanghai Longtai Fine Rubber Co., Ltd 49,004,727.62 49,699,806.60
Shanghai Tyre & Rubber Machinery Mould
Co., Ltd.
19,891,738.72 17,519,908.72
Shanghai Senmao Industry Co., Ltd. 408,061.47 411,696.45
Shanghai Shanglian Chemicals Industry Co.,
Ltd.
1,311,253.70 1,311,253.70
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
61
Shanghai Shenma Curtain Cloth Co., Ltd. 128,599.50 128,599.50
Shanghai Calcium Carbonate Factory 1,692,321.49 1,772,320.49
Shanghai Rubber Industry Supply and
Marketing Co., Ltd.
716,073.00 618,573.00
Shanghai Zhenghua Industrial and Trading Co.,
Ltd. 1,599,198.40 1,599,198.40
Shanghai Zhengli Rubber Industrial and
Trading Co., Ltd.
72,827.41 72,827.41
Shanghai Zhengxing Real Estate Co., Ltd. 62,767,306.58 62,880,076.98
Shanghai Soaps (Group) Rugao Co., Ltd. 2,760,789.43 12,229,674.09
Shanghai Soaps (Mianyang) Co., Ltd. 19,564.64 ---
Shanghai Zonglian Rubber Industrial and
Trading Co., Ltd
14,325,630.38 14,325,630.38
Xiamen Huili Industrial and Trading Co., Ltd. 3,688.30 3,688.30
Shanghai Tyre & Rubber (Group) Property
Exchange Dpt.
13,723.38
Shanghai Dunhuang Container factory 320,650.14 320,650.14
Shanghai Xinxing Trade Co., Ltd. 92,170.00
Sub-total 158,723,674.19 167,618,717.48
Advances to suppliers
Tailand Huatai Rubber Co., Ltd --- 13,444,436.71
Sub-total 13,444,436.71
Accounts payable
Shanghai Tiankai Computer System Co., Ltd. 529,107.72 529,107.72
Shanghai Dunhuang Container Manufacture --- 1,123,387.00
Shanghai Fupu Rubber Co., Ltd 8,690.29 8,690.29
Shanghai Fengping Co., Ltd. Huali Painting
Materials Factory
1,202,633.40 ---
Shanghai kexin Chemical Co., Ltd --- 101,357.58
Shanghai No. 1 Rubber Machinery Factory --- 235,796.30
Shanghai Soaps (Mianyang) Co., Ltd --- 353,328.00
Shanghai Soaps (Group) Rugao Co., Ltd. 27,429,769.83 572,507.87
Shanghai Carbonization Co., Ltd 34,619,499.55 6,728,327.50
Shanghai Rubber Auxiliary Reagent Factory 681,480.00 147,728.23
Shanghai Calcium Carbonate Factory 99,315.83 55,099.73
Shanghai Aihua Testing Equipment Servicing 7,000.00
Shanghai Tyre & Rubber Machinery Mould Co.,
Ltd.
200,000.00
Shanghai Zhengxing Real Estate Co., Ltd. 664,829.39
Sub-total 64,570,496.62 10,727,159.61
Other payables
Shanghai Shuangli Property Management Co., 375,796.78 10,707,935.13
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
62
Ltd.
Xiamen Huili Industrial and Trading Co., Ltd. 133,410.36 133,410.36
Shenzheng Shanglun Trading Co., Ltd. 31,849.70 31,849.70
Shanghai Dunxin Trading Co., Ltd. 1,545,253.61 ---
Shanghai Xinming Rubber Factory 514,336.03 514,336.03
Shanghai Xinxing Trading Co., Ltd. 751,502.14 ---
Shanghai Hualun Trading Co., Ltd. 1,068,276.61 25,000.00
Haikou Fuhua Tyre Marketing Co., Ltd. 3,241,429.78 3,241,429.78
Shanghai Zhengxing Real Estate Co., Ltd. --- 600,000.00
Shanghai Dunhuang Container Manufacture --- 7,932.20
Shanghai Hulun Rubber Co., Ltd. --- 5,000.00
Shanghai Taihua Leasing Co., Ltd. --- 10,174,466.95
Shanghai Rubber Carbonizaton Co., Ltd. 197,060.00
Shanghai Rubber Industry Supply and Sales
Co.
25,050.00
Shanghai Soaps (Group) Rugao Co., Ltd. 10,000.00
Sub-total 7,661,855.01 25,673,470.15
Advances from customers
Shanghai Hualun Trading Co., Ltd. 973,726.39 973,726.39
Shanghai Hulun Tyre & Rubber Co., Ltd. 6,972,763.51 10,128,533.51
Sub-total 7,946,489.90 11,102,259.90
5. Other related transactions
According to the agreement signed with Shanghai Michelin Huili Tyre Co., Ltd., the Company
will offer trade mark use right, site leasing and provision of services to Michelin with payment of
RMB 5,000,000.00 for trade mark use right, RMB24, 700,000.00 for services and RMB
900,000.00 for leasing respectively.
8.4 Guarantee for related parties
Details please see note 9
9 Contingencies：
9.1 The ending lawsuit as of 30 June 2006
1. Shanghai Tyre and Rubber Supply and Marketing Co., Ltd. suited against Xinjiang Uygur
Autonomous Region No 9 Transportation Company. The court judgement was issued on
April 11, 2006. The deffendant should pay the Company RMB 6,562,780.00. The excution is
still in process.
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
63
2. Shanghai Tyre and Rubber Supply and Marketing Co., Ltd. suited against Humao Tyre Co.,
Ltd., Dianbai County Guangdong. The court judgement was issued on May 20, 2006. The
deffendant should pay the Company RMB 1,095,148.49. The excution is still in process.
3. Shanghai Tyre and Rubber Supply and Marketing Co., Ltd. suited against Nanning Double
Coin Co., Ltd. The court judgement was issued. The deffendant should pay the Company
RMB 2,456,668.03. The excution is still in process.
4. Shanghai Tyre and Rubber Supply and Marketing Co., Ltd. suited against Qingdao Shangqin
Rubber & Tyre Co., Ltd. The court judgement was issued on February 21, 2006. The
deffendant should pay the Company RMB 4,929,616.45. The excution is still in process.
9.2 The pending lawsuit as of 30 June 2006：
1. On January.11, 2005, Shanghai Tyre and Rubber Co., Ltd. Supply and Marketing Co., Ltd
commenced legal actions against Shangqiu Huili Tyre Sales Co., Ltd. for RMB 2,428,772.95.
Due to the defendant was suspended from business, the Company cancelled the suit. Once the
deffedant’s assets are confirmed, the Company will suit once again.
2. On January.26, 2005, Shanghai Tyre and Rubber Co., Ltd. Supply and Marketing Co., Ltd
commenced legal actions against Yuyao Dongjiang Industry & Trade Co., Ltd. for RMB
4,404,106.49. Due to the defendant was suspended from business, the Company cancelled the
suit. Once the deffedant’s assets are confirmed, the Company will suit once again.
9.3 As of 30 June 2006, the Company has provided following guarantees for related parties
and other companies：
As of 30 June 2005, guarantees for related parties and other companies:
Unit: Yuan Currency: RMB
Related Parties
Guarantor Guaranteed Party Guaranteed Amount Currency Start from
Due Date
Shanghai Tyre
& Rubber Co.,
Ltd
Shanghai
Donghai Tyre
Co., Ltd.
10,000,000.00 RMB 2006.03.28 2007.03.30
Shanghai Tyre
& Rubber Co.,
Ltd
Shanghai
Donghai Tyre
Co., Ltd.
4,000,000.00 RMB 2005.10.19 2006.10.13
Shanghai Tyre
& Rubber Co.,
Ltd
Shanghai Soap
(Group) Co., Ltd 22,000,000.00 RMB 2002.10.21 2006.10.20
Shanghai Tyre
& Rubber Co.,
Ltd
Shanghai Soaps
Co., Ltd. 27,000,000.00 RMB 2005.03.24 2006.10.18
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
64
Shanghai Tyre
& Rubber Co.,
Ltd
Shanghai
Soaps Co. 1,800,000.00 RMB 2005.04.29 2006.09.12
Shanghai Tyre
& Rubber Co.,
Ltd
Shanghai
Soaps Co. 7,200,000.00 RMB 2005.04.30 2006.11.15
Shanghai Tyre
& Rubber Co.,
Ltd
Shanghai Tyre &
Rubber Rugao Co.,
Ltd
50,000,000.00 RMB 2004.9.24 2009.09.23
Shanghai Tyre
& Rubber Co.,
Ltd
Shanghai Tyre &
Rubber Rugao Co.,
Ltd
42,000,000.00 RMB 2005.11.29 2006.11.17
Shanghai Tyre
& Rubber Co.,
Ltd
Shanghai Tyre &
Rubber Rugao Co.,
Ltd
40,000,000.00 RMB 2006.03.15 2007.03.27
Shanghai Tyre
& Rubber Co.,
Ltd
Shanghai Tyre &
Rubber Rugao Co.,
Ltd
10,000,000.00 RMB 2006.03.15 2007.03.27
Shanghai Tyre
& Rubber Co.,
Ltd
Shanghai Tyre &
Rubber Rugao Co.,
Ltd
120,000,000.00 RMB 2005.04.08 2010.04.07
Shanghai Tyre
& Rubber Co.,
Ltd
hanghai Tyre &
Rubber Rugao Co.,
Ltd
50,000,000.00 RMB 2005.10.11 2010.10.10
Shanghai Tyre
& Rubber Co.,
Ltd
hanghai Tyre &
Rubber Rugao Co.,
Ltd
50,000,000.00 RMB 2006.05.15 2006.11.14
Shanghai Tyre
& Rubber Co.,
Ltd
hanghai Tyre &
Rubber Rugao Co.,
Ltd
20,000,000.00 RMB 2005.12.28 2006.12.27
Shanghai Tyre
& Rubber Co.,
Ltd
hanghai Tyre &
Rubber Rugao Co.,
Ltd
10,000,000.00 RMB 2006.03.13 2006.12.25
Shanghai Tyre
& Rubber Co.,
Ltd
hanghai Tyre &
Rubber Rugao Co.,
Ltd
40,000,000.00 RMB 2006.05.08 2007.05.07
Shanghai Tyre
& Rubber Co.,
Ltd
hanghai Tyre &
Rubber Rugao Co.,
Ltd
50,000,000.00 RMB 2006.01.05 2009.01.05
Shanghai Soaps
(Group) Co.,
Ltd.
Shanghai White
Elephant Swan
Battery Co., Ltd.
30,000,000.00 RMB 2005-7-15 2006-07-15
Shanghai Soaps
(Group) Co.,
Ltd.
Shanghai Soaps
Co., Ltd.
3,000,000.00 RMB 2006.4.27 2006.9.20
Shanghai Soaps
(Group) Co.,
Ltd.
Shanghai Soaps
Co., Ltd.
4,000,000.00 RMB 2006.5.5 2006.11.08
Shanghai Soaps
(Group) Co.,
Ltd.
Shanghai Soaps
Co., Ltd.
5,000,000.00 RMB 2006.03.03 2006.08.03
Shanghai Soaps
(Group) Co.,
Ltd.
Moltech Power
System (Shanghai)
Co., Ltd.
5,000,000.00 RMB 2004.01.20 2007.01.19
Shanghai Soaps
(Group) Co.,
Ltd.
Moltech Power
System (Shanghai)
Co., Ltd.
5,000,000.00 RMB 2004.12.15 2007.12.15
Shanghai Soaps
(Group) Co.,
Ltd.
Moltech Power
System (Shanghai)
Co., Ltd.
5,000,000.00 RMB 2004.04.19 2007.01.19
Shanghai Soaps
(Group) Co.,
Ltd.
Moltech Power
System (Shanghai)
Co., Ltd.
5,000,000.00 RMB 2005.01.20 2007.12.15
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
65
Shanghai Soaps
(Group) Co.,
Ltd.
Moltech Power
System (Shanghai)
Co., Ltd.
4,800,000.00 RMB 2005.03.10 2007.12.15
Shanghai Soaps
Co., Ltd.
Shanghai Lingxu
Axunge
Storage&Refinery
Co., Ltd.
7,500,000.00 RMB 2006.02.28 2006.08.28
Shanghai Peony
Ink Co., Ltd.
Shanghai White
Elephant Swan
Battery Co., Ltd.
6,000,000.00 RMB 2005.09.14 2006.09.14
Shanghai Peony
Ink Co., Ltd.
Shanghai White
Elephant Swan
Battery Co., Ltd.
4,000,000.00 RMB 2005.07.26 2006.07.26
Shanghai Peony
Ink Co., Ltd.
Shanghai White
Elephant Swan
Battery Co., Ltd.
10,000,000.00 RMB 2005.09.05 2006.09.05
Shanghai Peony
Ink Co., Ltd.
Shanghai White
Elephant Swan
Battery Co., Ltd.
15,000,000.00 RMB 2005.11.08 2006.11.07
Shanghai White
Elephant Swan
Battery Co.,
Ltd.
Shanghai Peony
Ink Co., Ltd.
20,000,000.00 RMB 2006.01.20 2007.01.19
Shanghai White
Elephant Swan
Battery Co.,
Ltd.
Shanghai Peony
Ink Co., Ltd.
10,000,000.00 RMB 2005.11.07 2006.11.07
Shanghai Soap
(Group) Co., td.
Shanghai Soap
Rugao Co., Ltd. 10,000,000.00 RMB 2005.09.29 2006.09.29
Shanghai Tyre
& Rubber
(Group) ., Ltd.
Shanghai Soap
Rugao Co., Ltd. 10,000,000.00 RMB 2006.05.31 2006.11.30
Shanghai Tyre
& Rubber
(Group) ., Ltd.
Shanghai Soap
Rugao Co., Ltd. 20,000,000.00 RMB 2006.04.18 2007.04.17
RMB sub-total 733,300,000.00
Non-related
Parties
Shanghai Soap
Co., Ltd.
Shanghai Yuanyin
Import & Export
Co., Ltd.
6,000,000.00 RMB 2005.09.24
2006.03.24
RMB sub-total 6,000,000.00
RMB Grandtotal
739,300,000.00
Other Companies (Exclude Controlling subsidiaries)
Guaranteed
Party Contract Date Guaranteed Amount Nature Duration
Complete or
not
Related Party
or not
Shanghai
Yuanyin Import
& Export Co.,
Ltd.
2005.09.24 2,700,000.00 Joint
liabilities
2005.09.24-
2006.03.24
No
No
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
66
Amount
guaranteed in
current period
Balance of
amount will
guarantee
2,700,000.00
Controlling Subsidiaries
Amount guaranteed in current period 17,189,200.00
Balance of amount will guarantee 627,581,000.00
Total amount of guarantees (include Controlling subsidiaries)
Total amount 630,281,000.00
The Propertion of guarantee over net asset 42.58%
Special Guarantees
Garantee for controlling shareholders or other related
partieswhich the Company holding no more than 50%
shares
Garantee directly or indirectly for others whose assetliability
ratio over 70%
24,201,000.00
Whether the garanteed amount over 50% of the
Company’s net asset
No
Special guarantee
24,201,000.00
In compliance with Shanghia Security Committee’s relevant regulations, the closing balance of garantees
should include what its controlling subsidiaries provided to others. The considering amount should be the
guarantees the subsidiary provided mutiplied the proportion of the subsidiary shares the holding company
holds. So the detail information of the Company’s guarantees as followings:
As of June 30, 2006, the Company provided guarantees amount to RMB 2,700,000.00（exclude guarantee
for controlling subsidiaries ） ； the closing balance of guarantee for its controlling subsidiaries is
RMB627,581,000.00，the total amount the Company should guarantee is RMB630,281,000.00，occupied
42.58% of the Company’s net assets.
As of June 30 2006, related parties offered guarantee for the Company:
1、Related parties offer garantee：
Garantor Guarantee Garanteed Amount Curren
cy Due Date
Shanghai Tyre & Rubber (Group) Co., Ltd. Shanghai Huayi (Group)
Co., Ltd. 22,000,000.00 RMB 2006.06.30-2006.12.30
Shanghai Tyre & Rubber (Group) Co., Ltd. Shanghai Huayi (Group)
Co., Ltd. 36,000,000.00 RMB 2006.06.21-2006.12.20
Shanghai Tyre & Rubber (Group) Co., Ltd. Shanghai Huayi (Group)
Co., Ltd. 42,000,000.00 RMB 2006.06.14-2006.12.13
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
67
Shanghai Tyre & Rubber (Group) Co., Ltd. Shanghai Huayi (Group)
Co., Ltd. 25,000,000.00 RMB 2006.05.29-2006.11.29
Shanghai Tyre & Rubber (Group) Co., Ltd. Shanghai Huayi (Group)
Co., Ltd. 40,000,000.00 RMB 2006.05.16-2006.11.15
Shanghai Tyre & Rubber (Group) Co., Ltd. Shanghai Huayi (Group)
Co., Ltd. 50,000,000.00 RMB 2006.04.25-2006.10.25
Shanghai Tyre & Rubber (Group) Co., Ltd. Shanghai Huayi (Group)
Co., Ltd. 35,000,000.00 RMB 2006.04.26-2006.10.26
Shanghai Tyre & Rubber (Group) Co., Ltd. Shanghai Huayi (Group)
Co., Ltd. 60,000,000.00 RMB 2006.03.23-2006.09.23
Shanghai Tyre & Rubber (Group) Co., Ltd. Shanghai Huayi (Group)
Co., Ltd. 3,500,000.00 RMB 2006.02.19-2006.08.19
Shanghai Tyre & Rubber (Group) Co., Ltd. Shanghai Huayi (Group)
Co., Ltd. 24,500,000.00 RMB 2006.02.21-2006.08.21
Shanghai Tyre & Rubber (Group) Co., Ltd. Shanghai Huayi (Group)
Co., Ltd. 11,123,000.00 RMB 2006.02.27-2006.08.27
Shanghai Tyre & Rubber (Group) Co., Ltd. Shanghai Huayi (Group)
Co., Ltd. 7,000,000.00 RMB 2006.06.29-2006.12.29
Shanghai Tyre & Rubber (Group) Co., Ltd. Shanghai Huayi (Group)
Co., Ltd. 60,000,000.00 RMB 2006-06.12-2007-06.11
Shanghai Tyre & Rubber (Group) Co., Ltd. Shanghai Huayi (Group)
Co., Ltd. 20,000,000.00 RMB 2006.03.09-2006.09.09
Shanghai Tyre & Rubber (Group) Co., Ltd. Shanghai Huayi (Group)
Co., Ltd. 21,000,000.00 RMB 2006.06.23-2006.12.23
Shanghai Tyre & Rubber (Group) Co., Ltd. Shanghai Huayi (Group)
Co., Ltd. 550,000,000.00 RMB 2005.06.03-2006.08.03
Shanghai Tyre & Rubber (Group) Co., Ltd. Shanghai Huayi (Group)
Co., Ltd. 20,850,000.00 RMB 2003.07.30-2006.07.30
Shanghai Tyre & Rubber (Group) Co., Ltd. Shanghai Huayi (Group)
Co., Ltd. 100,000,000.00 RMB 2004.03.30-2008.05.10
Shanghai Tyre & Rubber (Group) Co., Ltd. Shanghai Huayi (Group)
Co., Ltd. 50,000,000.00 RMB 2004.05.11-2008.05.10
Shanghai Tyre & Rubber (Group) Co., Ltd. Shanghai Huayi (Group)
Co., Ltd. 100,000,000.00 RMB 2004.03.26-2007.03.26
Shanghai Tyre & Rubber (Group) Co., Ltd. Shanghai Huayi (Group)
Co., Ltd. 20,700,000.00 RMB 2003.09.10-2006.09.10
Shanghai Tyre & Rubber (Group) Co., Ltd. Shanghai Huayi (Group)
Co., Ltd. 6,146,417.30 USD 2006.01.01-2006.12.31
Shanghai Tyre & Rubber (Group) Co., Ltd. Shanghai Huayi (Group)
Co., Ltd. 39,420,600.00 JPY 1999.04.01-2018.04.01
RMB Sub-total 1,298,673,000.00
USD Sub-totoal 6,146,417.30
JPY Sub-total 39,420,600.00
10 Commitments
10.1 Economic guarantee for outside parties
Details please see note 9.2 (2).
10.2 Mortgage and pledged assets:
Terms of
borrowings
Amount
Original currency
Amount
Standard money
Start Date Due Date
Book Value of
Pledged
Assets
Note
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
68
Short-term
Loan
19,989,000.00 2006-4-7 2006-8-14 33,255,797.74 Inward documentary bill, pledged 27bank
acceptance notes
Short-term
Loan
10 million USD
2006-3-23 2007-3-23 80,400,000.00 Mortgage with 80,400,000 deposit
Long-term
loan
185,000,000.00 2005-11-18 2010-10-10 445,409,600.00 For Rugao Building and workshop
11 Significant Post- balance sheet event
Per pledged contract with Belgium United Bank Shanghai Branch, the Company pledged 27
bank acceptance notes amounting to RMB 33,255,797.74 for a financial borrowing of USD
7,500,000.00 with a period from 26 December 2005 to 26 December 2006 or a date decided by
the pledgor. As of the reporting date, the Company has borrowed RMB19,989,000.00 loan.
12 Other significant events
1. According to No. 4 Board meeting in 2002, the Company will exchange its accounts
receivables for industrial land use right of No.447 Changyang Road, No. 397 East
Longhua Road and 3 blocks of Zhangjiang. Until 30 June 2006 the Company hasn’t
completed registration of industrial land use right of No. 97 East Longhua Road, therefore,
these accounts receivables has been recognized as costs of land use right exchange.
The Company entered a contract with Shanghai Yangpu District Land Development
Crnter on December 7, 2005. In this contract, Yangpu Land Development Center would
purchase the land use right of 447 Changyang Road with acreage 26,660 square meters.
The agreed price is RMB 251,957,000, among which RMB179,955,000 is treated as the
consideration of the land use right paid by the Company and the rest RMB 72,002,000 is
treated as the compensation for the Company’s removal, redundant employees’
management. The Company will repurchase part of the land use right, which amount to
15,160 square meters. As of the reporting date, the closing balance of the considration is
RMB102,330,000 the cost of the land use right is RMB 39,832,000 and the rest of the
compensation is RMB32,817,000 .
At the end of 2005, the Company deposit RMB 125,978,500 at Yangpu District Land
Development Center to guarantee land clearance in time. In current period, the deposit
has been received completely.
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
69
In March 2006, Shanghai Double Coin Biyuan Real Estate Co., Ltd., the Company’s
controlling subsidiary, signed a contract with Yangpu District Land Development Center.
According to the contract, Biyuan Real Estate Co., Ltd. would obtain the land use right of
26 Block in Yangpu District with the payment of RMB 157,951,500. As of reporting date,
Shanghai Double Coin Biyuan Real Estate Co., Ltd paid RMB157,951,500 to Yangpu
District Land Development Center. The transfer of land use right will be completed
recently.
2. According to the 1st temporary board meeting in 2003, the Company exchanged its
accounts receivables of 152,297,829.03 for the land use right owned by Shanghai Huayi
(Group) Co., Ltd. The land was actually used by Double Coin Zaizhong Load Carry Tyre
Co., Ltd and Dazhonghua Zhengtai Tyre Co., Ltd with acreage of 268,600 sqm and
69,685 sqm respectively. The appraised price of the land is 151,094,305.00 and
exchanged as 152,297,829.03. The relative taxes and duties associated with this land
exchange are covered by the Company. Until 30 June 2006, the Company hasn’t
completed registration of industrial land use right; therefore, these accounts receivables of
RMB 152,297,829.03 have been recognized as costs of land use right exchange.
3. On March 21, 2006，Ministry of Finance and State Administration of Taxtion issued a
notice jointly, in which the Comsumption Tax on BIAS tyres had been adjusted. The
taxation rate on BIAS tyres is dercreased from previous 10% to 3％. The taxation rate
on RADIAL tyre is still 0%. The adjustment is excuted from April 1, 2006. Due to this
adjustment, the comsumption tax in current period will be effected by
RMB14,843,800.00, it is estimated that the consumption tax in whole 2006 will be
effected by RMB49,350,000.00
13 Non-operating profit/losses of current year: (“+” for profit, “-“ for losses)
ITEM AMOUNT
1. Losses or profit from disposal of long-term equity
investment; fixed assets; construction in process,
intangible assets and other long-term assets
46,039,235.79
2. Various forms of government subsidy 995,000.00
3. Other non-operating income/expenditure excluding
provisions for diminution in value for assets as accrued
according to accounting regulations for business
1,833,992.68
SHANGHAI TYRE & RUBBER CO., LTD SEMI YEAR FINANCIAL STATEMENTS OF 2006
70
enterprises.
4. Reversal of previous year provision of diminution in
value 210,867.48
5. Effects of Enterprises Income Tax -13,033,798.44
6. Effects of Minority Interests 1,020,328.73
TOTAL 37,065,626.24
Cataloge of documents for further reference
1、Semi Year Report with Director’s signiture；
2、Financial Statements with signatures of legal person, chief accountantrespectively and with the
Compnay’s chop.；
3、The original versionof the announcement issued in the specific press；
4、Copy of the Company’s regulations；
5、All the above documents are displayed in the Secretary Office of the Board.
Shanghai Tyre & Rubber Co., Ltd.
Director：Fan Xian
August 4, 2006
SHANGHAI TYRE & RUBBER CO., LTD
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