上海大江(集团)股份有限公司2006年半年度报告
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 ..................................................... 4
五、管理层讨论与分析 .............................................................. 4
六、重要事项 ....................................................................... 6
七、财务会计报告(未经审计)....................................................... 12
八、备查文件目录 .................................................................. 56
上海大江（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、董事吴兴根、邵建国委托董事长雷黎光出席并代为表决；董事张益弟、王晓枫委托副董事长顾根
华出席并代为表决。
3、公司中期财务报告未经审计。
4、公司负责人雷黎光，财务总监臧舜声明：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：上海大江（集团）股份有限公司
公司法定中文名称缩写：大江股份
公司法定英文名称：shanghai dajiang (group) stock co., ltd.
公司法定英文名称缩写：sdj
2、 公司 a 股上市交易所：上海证券交易所
公司 a 股简称：*st 大江
公司 a 股代码：600695
公司 b 股上市交易所：上海证券交易所
公司 b 股简称：*st 大江 b
公司 b 股代码：900919
3、 公司注册地址：上海市松江区谷阳南路 26 号
公司办公地址：上海市莲花路 1555 号华一大厦 7 楼
邮政编码：200233
公司国际互联网网址：http://www.dajiang.com
公司电子信箱：dajiang@dajiang.com
4、 公司法定代表人：雷黎光
5、 董事会秘书：顾伟文
电话：86-21-34225027
传真：86-21-34225056
e-mail：gww_sd@dajiang.com
联系地址：上海市莲花路 1555 号华一大厦 7 楼
公司证券事务代表：杨雪峰
电话：86-21-34225030
传真：86-21-34225056
e-mail：yangxf@dajiang.com
联系地址：上海市莲花路 1555 号华一大厦 7 楼
6、 公司信息披露报纸名称：《上海证券报》（境内）、《大公报》（境外）
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：上海市莲花路 1555 号华一大厦 7 楼
上海大江（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:元 币种:人民币
本报告期末 上年度期末
本报告期末比上年度期末
增减（％）
流动资产 713,679,425.40 634,791,277.42 12.43
流动负债 915,208,439.58 849,724,894.12 7.71
总资产 1,144,484,999.77 1,080,890,642.12 5.88
股东权益（不含少数股东权
益）
168,781,269.76 165,407,282.70 2.04
每股净资产(元) 0.250 0.245 2.04
调整后的每股净资产(元) 0.169 0.170 -0.59
报告期（1－6
月）
上年同期
本报告期比上年同期增减
（％）
净利润 7,035,323.27 -35,346,232.20 不适用
扣除非经常性损益的净利润 -26,947,254.98 -39,318,175.37 不适用
每股收益(元) 0.01 -0.052 不适用
净资产收益率(%) 4.17 -10.16 增加 14.33 个百分点
经营活动产生的现金流量净额 55,402,518.78 7,987,732.35 593.60
2、扣除非经常性损益项目和金额
单位:元 币种:人民币
非经常性损益项目 金额
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
18,650,422.45
各种形式的政府补贴 15,337,116.62
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
-4,960.82
合计 33,982,578.25
上海大江（集团）股份有限公司 2006 年中期报告
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三、股本变动及股东情况
(一)股份变动情况表
报告期内，公司股份总数及股本结构未发生变化。
(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 46,706
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
股份类
别
持有非流通
股数量
质押或冻
结的股份
数量
1、上海市松
江县饲料公司
国有股东 25.43 172,003,709 0 未流通 172,003,709 0
2、上海市松
江县畜禽公司
国有股东 16.96 114,669,139 0 未流通 114,669,139 0
3、上海松林
工贸有限公司
其他 0.47 3,186,612 0 未流通 3,186,612 未知
4、沈安鑫 外资股东 0.39 2,614,200 0 已流通 0 未知
5、金文宗 外资股东 0.38 2,572,010 2,572,010 已流通 0 未知
6、史昕 外资股东 0.31 2,100,000 750,000 已流通 0 未知
7、吴敏 外资股东 0.31 2,088,296 2,088,296 已流通 0 未知
8、刘岩 外资股东 0.29 1,937,492 0 已流通 0 未知
9、长江经济
联合发展（集
团）股份有限
公司
其他 0.25 1,716,000 0 未流通 1,716,000 未知
10、郝峰 外资股东 0.25 1,678,600 0 已流通 0 未知
前十名流通股股东持股情况
股东名称 持有流通股的数量 股份种类
1、沈安鑫 2,614,200 境内上市外资股
2、金文宗 2,572,010 境内上市外资股
3、史昕 2,100,000 境内上市外资股
4、吴敏 2,088,296 境内上市外资股
5、刘岩 1,937,492 境内上市外资股
6、郝峰 1,678,600 境内上市外资股
7、王少欧 1,266,099 境内上市外资股
8、王云峰 1,155,300 境内上市外资股
9、徐琴英 1,100,000 境内上市外资股
10、周健 1,094,100 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
公司前十名股东中未流通的法人股股东无关联关系和一致行动
人情况；公司未知悉前十名流通股股东之间是否存在关联关系
或一致行动人的情况。
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。
上海大江（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
报告期内公司董事、监事、高级管理人员持股未发生变化。
(二)新聘或解聘公司董事、监事、高级管理人员的情况
本报告期内公司无新聘或解聘公司董事、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
由于受到“禽流感”疫情及公司重组审批时间大大超出预期等因素的影响，公司的生产经营工作
面临了很大的困难，但是通过全体员工的努力，公司上半年生产经营状况基本正常，合并主营业务收
入 2.55 亿元。虽然相比去年同期出现了大幅减少，但主营业务亏损额得到了有效的控制，并已出现
良好的发展趋势。通过政府补贴及资产处置等收入弥补，上半年度公司合并净利润为 703 万元，基本
实现盈利计划目标。
根据市政府对黄浦江上游水资源保护的要求及公司产业结构调整的需要，公司基本关停了本地区
的畜禽养殖业务，为了使大江的品牌继续在消费者心目中保持“安全、放心”的形象，公司积极寻找
和准备建立新的肉鸡饲养基地，通过直接控制食品原料的质量，控制食品安全；同时成立食品研发小
组，加强新产品研发，提高产品盈利能力，以实现公司食品主业的新突破；饲料及机械业务通过提高
产品科技含量、优化产品结构等一系列措施已经具有了稳定的盈利模式；关停鸡场后，公司人员分
流、鸡场及相关配套企业的资产处置工作进展顺利，变现了大量存量资产，减轻了公司资金压力并归
还了部分银行借款，降低了财务费用的支出；启动工业地产项目的前期工作，设立了汉地和科创两个
工业地产项目公司，使其成为公司新的利润增长点。
同时，公司在确保完成今年盈利保牌任务的基础上，开始思考今后三年发展规划及大食品战略。
大股东股权转让完成后，公司要进一步进行体制机制改革、产业结构调整、业务模式再造和存量资产
提升，围绕“做大食品，做强饲料与饲料机械，做优资产”的总体战略，形成食品、饲料与饲料机
械、工业地产三大产业相辅相成的格局，使公司的基本面发生根本的变化。
由于重组审批时间的延长、主营业务收入大幅下降造成现金流入减少及连续两年大幅亏损形成的
每月银行还贷和转贷压力，使公司的资金链一直面临着很大的压力。面对如此严峻的形势，通过管理
层的努力，在大股东和地方政府的支持下，比较好地克服了困难，使公司的经营工作得到有序地推
进。
(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
分行业或分产
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（%）
分行业
饲料 90,928,529.80 86,794,238.04 4.55 -51.57 -49.72 减少 3.49 个百分点
肉鸡分割产品 13,607,678.04 22,037,781.79 -61.95 -92.08 -88.02 减少 54.83 个百分点
苗鸡 22,897,334.03 29,509,030.28 -28.88 -76.33 -68.13 减少 33.17 个百分点
食品加工 210,631,739.69 204,994,779.17 2.68 73.42 68.46 增加 2.87 个百分点
饲料机械 21,823,060.37 14,217,165.97 34.85 -10.71 -3.29 减少 5 个百分点
减:公司内各业
务相互抵消数
104,793,134.22 109,814,357.09 -4.79 -56.04 -54.47 减少 3.62 个百分点
合计 255,095,207.71 247,738,638.16 2.88 -29.86 -28.07 减少 2.43 个百分点
其中：报告期内上市公司向控股股东及其子公司销售产品或提供劳务的关联交易金额 0 元人民币。
上海大江（集团）股份有限公司 2006 年中期报告
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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（％）
国内销售 240,177,029.93 -29.34
国外销售 14,918,177.78 -37.31
3、利润构成与上年度相比发生重大变化的原因分析
公司本报告期实现净利润 703 万元，上年度净利润为-2.14 亿元，主要是由于本报告期内公司营
业利润-4062 万元，因完成松新肉禽场清算而获得投资收益 850 万元，因关停黄浦江上游养鸡场等原
因政府补贴 1534 万元，因处置固定资产等原因营业外收入 1987 万元，营业外支出 122 万元；上年度
营业利润-1.76 亿元，因完成肉禽场清算而获得投资收益 874 万元，补贴收入 351 万元，因处置固定
资产等原因营业外收入 1704 万元，因计提固定资产减值准备等原因营业外支出 7719 万元。
(三)公司投资情况
1、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
1)、上海大江科创置业有限公司
公司出资 1,800 万元人民币投资该项目。项目进度：完成全部出资。 该公司正处于项目开发筹
备阶段，还未产生收益 。
上海大江科创置业有限公司注册资本 1800 万元，由我公司全额出资。该公司主营房地产开发、
经营，企业管理咨询，物业管理，商务信息服务，仓储（除危险品），绿化养护，五金配件生产销
售，建筑材料销售。
(四) 预测年初至下一报告期期末的累计净利润可能为亏损或者与上年同期相比发生大幅度变动的警
示及说明
公司预计 2006 年 1-9 月份实现盈利，去年同期净利润为-9123 万元。
(五)公司管理层对会计师事务所上年度“非标意见”涉及事项的变化及处理情况的说明
上海立信长江会计师事务所有限公司为公司 2005 年度财务报告出具了强调事项的无保留意见审
计报告，认为公司 2005 年度会计报表是基于持续经营的原则而编制的，其成立条件为公司能够获得
银行的资金支持，包括成功获得到期银行借款的延期及在必要时银行将提供额外的借款额度。通过管
理层的努力，公司报告期内到期的银行借款基本获得了延期支持。
上海大江（集团）股份有限公司 2006 年中期报告
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六、重要事项
(一)公司治理的情况
公司严格按照《公司法》、《证券法》以及中国证监会、上海证券交易所颁布的有关上市公司治
理文件的要求，不断完善公司的法人治理结构，建立现代企业制度、规范公司自身运作，按规范进行
信息披露工作。
公司建立了与所有股东达到充分沟通的有效渠道，平等对待所有股东，确保所有股东合法、充分
地行使权利和承担义务；公司股东大会的召集、召开程序、议事规则、决策程序及相关信息的披露符
合法律、法规及公司章程的规定；公司与控股股东之间没有关联交易，关联交易符合公平合理原则，
关联交易信息披露及时、充分。
(二)报告期实施的利润分配方案执行情况
公司没有以前期间拟定、在报告期内实施的利润分配方案、公积金转增股本方案或发行新股方
案。公司没有拟定半年度利润分配及资本公积金转增股本预案。
(三)重大诉讼仲裁事项
本报告期公司无重大诉讼、仲裁事项。
(四)资产交易事项
1、收购资产情况
1）2006 年 1 月 16 日，本公司向正大上海有限公司购买上海大华器械有限公司 25%股份，该资产
的帐面价值为 323.36 万元人民币，评估价值为 683.13 万元人民币，实际购买金额为 683 万元人民
币，本次收购价格的确定依据是评估值，该事项已于 2006 年 2 月 7 日刊登在《上海证券报》、《大
公报》上。上海大华器械有限公司由于经营状况不良，自 2004 年 12 月起停止经营，本公司此次受让
其股权主要是为了整体盘活该公司的资产。该事项对公司业务连续性、管理层稳定性的无重大影响。
本公司与正大上海有限公司没有关联关系，该事项已全部完成。
2）2006 年 1 月 26 日召开的第四届董事会临时会议决定，同意我公司受让上海大江得胜饲料厂
所持上海大江饲料有限公司 10%股份，受让价以上海大江饲料有限公司经审计的截止 2005 年 12 月 31
日帐面净资产为依据，并授权公司总裁组织实施。上海大江得胜饲料厂和上海大江饲料有限公司均为
我公司的控股子公司。该事项已于 2006 年 2 月 7 日刊登在《上海证券报》、《大公报》上。截至报
告期还未完成受让。
2、出售资产情况
1）2006 年 4 月 26 日，本公司向上海均仁投资管理有限公司转让青浦大浜肉禽场。该资产的帐
面价值为 127.93 万元人民币，年初起至出售日该资产为上市公司贡献的净利润为-21.16 万元人民
币，实际出售金额为 700 万元人民币。由于未完成清算，产生的损益另行披露。本次出售价格的确定
以市场价为依据。该事项已于 2006 年 4 月 15 日刊登在《上海证券报》、《大公报》上。该事项对公
司业务连续性、管理层稳定性的无重大影响，符合市政府对黄浦江上游水资源保护的政策要求及公司
本地养殖业务调整战略，且有利于公司存量资产的变现，增加现金流。
2）2006 年 4 月 30 日，本公司向上海紫岗商贸有限公司转让青浦朱家庄肉禽场。该资产的帐面
价值为 136.41 万元人民币，年初起至出售日该资产为上市公司贡献的净利润为-22.93 万元人民币，
实际出售金额为 690 万元人民币。由于未完成清算，产生的损益另行披露。本次出售价格的确定以市
场价为依据。该事项已于 2006 年 4 月 15 日刊登在《上海证券报》、《大公报》上。该事项对公司业
务连续性、管理层稳定性的无重大影响，符合市政府对黄浦江上游水资源保护的政策要求及公司本地
养殖业务调整战略，且有利于公司存量资产的变现，增加现金流。
上海大江（集团）股份有限公司 2006 年中期报告
7
3）2006 年 5 月 15 日，本公司向松江区泖港镇农业技术服务中心转让松江西林肉禽场。该资产
的帐面价值为 362.04 万元人民币，年初起至出售日该资产为上市公司贡献的净利润为-6.79 万元人
民币，实际出售金额为 900 万元人民币。由于未完成清算，产生的损益另行披露。本次出售价格的确
定以市场价为依据。该事项已于 2006 年 4 月 15 日刊登在《上海证券报》、《大公报》上。该事项对
公司业务连续性、管理层稳定性的无重大影响，符合市政府对黄浦江上游水资源保护的政策要求及公
司本地养殖业务调整战略，且有利于公司存量资产的变现，增加现金流 。
4）2006 年 5 月 23 日，本公司向上海容维投资管理有限公司转让青浦徐南肉禽场。该资产的帐
面价值为 126.49 万元人民币，年初起至出售日该资产为上市公司贡献的净利润为-23.57 万元人民
币，实际出售金额为 700 万元人民币，由于未完成清算，产生的损益另行披露。本次出售价格的确定
以市场价为依据。该事项已于 2006 年 4 月 15 日刊登在《上海证券报》、《大公报》上。该事项对公
司业务连续性、管理层稳定性的无重大影响，符合市政府对黄浦江上游水资源保护的政策要求及公司
本地养殖业务调整战略，且有利于公司存量资产的变现，增加现金流 。
5）2006 年 5 月 15 日，本公司向朱家角镇王金村村民委员会、朱家角镇建新村村民委员会转让
青浦王金肉禽场。该资产的帐面价值为 223.29 万元人民币，年初起至出售日该资产为上市公司贡献
的净利润为-44.36 万元人民币，实际出售金额为 690 万元人民币，由于未完成清算产生的损益另行
披露。本次出售价格的确定以市场价为依据。该事项已于 2006 年 4 月 15 日刊登在《上海证券报》、
《大公报》上。该事项对公司业务连续性、管理层稳定性的无重大影响，符合市政府对黄浦江上游水
资源保护的政策要求及公司本地养殖业务调整战略，且有利于公司存量资产的变现，增加现金流。
6）2006 年 6 月 1 日，本公司向上海松江新浜副业公司转让松江陈堵肉禽场。该资产的帐面价值
为 372.20 万元人民币，年初起至出售日该资产为上市公司贡献的净利润为-20.14 万元人民币，实际
出售金额为 850 万元人民币。由于未完成清算，产生的损益另行披露。本次出售价格的确定以市场价
为依据。该事项已于 2006 年 4 月 15 日刊登在《上海证券报》、《大公报》上。该事项对公司业务连
续性、管理层稳定性的无重大影响，符合市政府对黄浦江上游水资源保护的政策要求及公司本地养殖
业务调整战略，且有利于公司存量资产的变现，增加现金流。
7）2006 年 6 月 9 日，本公司向扬州环境资源职业技术学院转让扬州大江畜禽饲料有限公司。该
资产的帐面价值为 1,686.02 万元人民币，年初起至出售日该资产为上市公司贡献的净利润为-16.34
万元人民币，实际出售金额为 2,600 万元人民币，由于未完成清算，产生的损益另行披露。本次出售
价格的确定以市场价为依据。该事项已于 2005 年 8 月 25 日刊登在《上海证券报》、《大公报》上。
该事项对公司业务连续性、管理层稳定性的无重大影响，且有利于公司存量资产的变现，增加现金
流。
8）2005 年 6 月 6 日，本公司向上海佘山国家旅游度假区松江管理委员会转让松江区佘山镇三角
街 58-69 号门面房。该资产的帐面价值为 209.26 万元人民币，实际出售金额为 600 万元人民币，于
本报告期内完成相关法律及资金过户手续，产生的损益为 360.74 万元人民币。本次出售价格的确定
依据是市场价。该事项已于 2005 年 2 月 28 日刊登在《上海证券报》、《大公报》上。该事项对公司
业务连续性、管理层稳定性的无重大影响，且有利于公司存量资产的变现，增加现金流。该资产出售
事项已全部完成
9）2005 年 12 月 30 日，本公司向上海石湖荡经济发展有限公司转让松新肉禽场。该资产的帐面
价值为 368.13 万元人民币，实际出售金额为 900 万元人民币，于本报告期内完成清算，产生的损益
为 850.49 万元人民币。本次出售价格的确定依据是市场价。该事项已于 2005 年 1 月 13 日刊登在
《上海证券报》、《大公报》上。该事项对公司业务连续性、管理层稳定性的无重大影响，符合市政
府市政府对黄浦江上游水资源保护的政策要求及公司本地养殖业务调整战略，且有利于公司存量资产
的变现，增加现金流。该资产出售事项已全部完成。
注：第 8、9 项为 2005 年度资产出售项目，分别于本报告期内完成相关法律及资金过户手续和清
算工作。
上海大江（集团）股份有限公司 2006 年中期报告
8
(五)报告期内公司重大关联交易事项
1、关联债权债务往来
单位:元 币种:人民币
上市公司向关联方提供资金 关联方向上市公司提供资金
关联方名称 与上市公司的关系
发生额 余额 发生额 余额
上海市松江县饲
料公司
控股股东 0 34,986,724.59 0 0
上海市松江县畜
禽公司
参股股东 0 22,491,149.73 0 0
合计 / 0 57,477,874.32 0 0
报告期内上市公司向控股股东及其子公司提供资金的发生额 0 元人民币，上市公司向控股股东及
其子公司提供资金的余额 34,986,724.59 元人民币。
关联债权债务形成原因：
公司发起人股东上海市松江县饲料公司、上海市松江县畜禽公司、正大上海有限公司决定以现金
置换尚未摊销的长期投资评估增值不适资产余额人民币 124,955,748.63 元，其中上海市松江县饲料
公司置换人民币 37,486,724.59 元，上海市松江县畜禽公司置换人民币 24,991,149.73 元，正大上海
有限公司置换人民币 62,477,874.31 元。该三个发起人股东于 2000 年 12 月 21 日与公司签订协议
书，承诺自协议签订之日起五年内将这部分置换资金到位。
2002 年 4 月 18 日、6 月 17 日和 7 月 25 日正大上海有限公司分别归还欠款 380 万美元（折合人
民币 31,453,360 元）、200 万美元（折合人民币 16,553,800 元）、人民币 14,470,714.31 元，合计
人民币 62,477,874.31 元。至此，正大上海有限公司已归还全部欠款。2003 年 11 月 14 日上海市松
江县饲料公司和上海市松江县畜禽公司分别归还欠款人民币 250 万元。截至 2005 年 12 月 31 日止，
该两个发起人股东所欠款项余额为人民币 57,477,874.32 元。其中，上海市松江县饲料公司欠款人民
币 34,986,724.59 元，上海市松江县畜禽公司欠款人民币 22,491,149.73 元。由于该项股东欠款账龄
已有五年，公司按照坏账准备计提原则计提了 20％的坏账准备，共计人民币 11,495,574.86 元。
关联债权债务清偿情况：
本报告期内没有发生债权清偿状况。
与关联债权债务有关的承诺：
目前公司大股东正在进行股权转让事宜，上海市松江县饲料公司和上海市松江县畜禽公司承诺本
次转让的股权正式过户起 10 个工作日内，分别用转让国有股权所得款项归还对公司的欠款。
关联债权债务对公司经营成果及财务状况的影响：
上述欠款对公司经营成果及财务状况并无大的影响。
2006 年上半年资金被占用情况及清欠进展情况
大股东及其附属企业非经营
性占用上市公司资金的余额
（万元）
期初数 期末数
报告期清欠总额
（万元）
清欠方式
清欠金额
（万元）
清欠时间(月份)
5747.78 5747.78 0 0
大股东及其附属企业非经营
性占用上市公司资金及清欠
情况的具体说明
公司原来预计大股东占用公司的资金能够于 2006 年 7 月得到清偿，
根据国有股份转让审批的实际进展情况，公司现预计大股东占用资
金的清偿工作于 8 月份完成。
上海大江（集团）股份有限公司 2006 年中期报告
9
2006 年下半年非经营性资金占用清欠方案实施时间表
计划还款时间 清欠方式 清欠金额（万元） 备注
2006 年 8 月底 股权转让收入清偿 5747.78
合计 -- 5747.78 --
(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
本报告期公司无租赁事项。
(九)担保情况
单位:万元 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）
报告期内担保发生额合计 0
报告期末担保余额合计 0
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 3,050
报告期末对控股子公司担保余额合计 7,500
公司担保总额情况（包括对控股子公司的担保）
担保总额 7,500
担保总额占公司净资产的比例(%) 44.44
其中：
为股东、实际控制人及其关联方提供担保的金额 0
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
0
担保总额超过净资产 50％部分的金额 0
上述三项担保金额合计 0
(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。
未股改公司的股改工作时间安排说明
公司国有法人股股东上海松江饲料公司和上海市松江县畜禽公司同意，绿庭（香港）有限公司作
为公司股权分置改革的主要提议人和对价实际支付人，形成股权分置改革方案。公司股权分置改革方
上海大江（集团）股份有限公司 2006 年中期报告
10
案已经于 2005 年 11 月 28 日公告，并于 2005 年 12 月 7 日公告了关于股权分置改革方案沟通协商情
况暨调整后的股权分置改革方案。2005 年 12 月 28 日，公司股改方案经 a 股市场相关股东会议表决
获得通过。公司本次股权分置改革方案的实施以取得证监会同意豁免绿庭（香港）有限公司要约收购
义务批复（完成股权转让）为前提。截止报告期末收购方绿庭（香港）有限公司正在证监会办理要约
收购义务的豁免审批。
(十二)聘任、解聘会计师事务所情况
报告期内， 公司未改聘会计师事务所， 公司现聘任上海立信长江会计师事务所为公司的境内审
计机构。 公司现聘任浩华会计师事务所为公司的境外审计机构。
(十三)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
的公开谴责。
(十四)其它重大事项
本报告期内公司无其它重大事项。
(十五)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
关于获得关停黄浦江上游水源保护区
家禽养殖场的公告
《上海证券报》
《大公报》
2006 年 2
月 7 日
上海证券交易所网站
www.sse.com.cn
第四届董事会临时会议决议公告
《上海证券报》
《大公报》
2006 年 2
月 7 日
上海证券交易所网站
www.sse.com.cn
关于控股子公司为母公司提供担保的
公告
《上海证券报》
《大公报》
2006 年 2
月 7 日
上海证券交易所网站
www.sse.com.cn
关于母公司为控股子公司提供担保的
公告
《上海证券报》
《大公报》
2006 年 3
月 15 日
上海证券交易所网站
www.sse.com.cn
关于控股子公司为母公司提供担保的
公告
《上海证券报》
《大公报》
2006 年 3
月 25 日
上海证券交易所网站
www.sse.com.cn
第四届董事会第十二次全体会议决议
公告
《上海证券报》
《大公报》
2006 年 4
月 15 日
上海证券交易所网站
www.sse.com.cn
第四届监事会第十次全体会议决议公
告
《上海证券报》
《大公报》
2006 年 4
月 15 日
上海证券交易所网站
www.sse.com.cn
关于公司股票实行退市风险警示特别
处理的提示性公告
《上海证券报》
《大公报》
2006 年 4
月 17 日
上海证券交易所网站
www.sse.com.cn
关于公司股权分置改革进程的提示性
公告
《上海证券报》
2006 年 4
月 21 日
上海证券交易所网站
www.sse.com.cn
关于 2005 年年度报告的补充公告
《上海证券报》
《大公报》
2006 年 4
月 28 日
上海证券交易所网站
www.sse.com.cn
关于公司股权分置改革进程的提示性
公告
《上海证券报》
2006 年 4
月 28 日
上海证券交易所网站
www.sse.com.cn
第四届董事会第十三次全体会议决议
公告
《上海证券报》
《大公报》
2006 年 4
月 29 日
上海证券交易所网站
www.sse.com.cn
关于控股子公司之间提供担保的公告
《上海证券报》
《大公报》
2006 年 5
月 9 日
上海证券交易所网站
www.sse.com.cn
上海大江（集团）股份有限公司 2006 年中期报告
11
关于母公司为控股子公司提供担保的
公告
《上海证券报》
《大公报》
2006 年 5
月 12 日
上海证券交易所网站
www.sse.com.cn
关于公司股权分置改革进程的提示性
公告
《上海证券报》
2006 年 5
月 12 日
上海证券交易所网站
www.sse.com.cn
关于 2006 年第一季度报告的补充公
告
《上海证券报》
《大公报》
2006 年 5
月 13 日
上海证券交易所网站
www.sse.com.cn
关于公司股权分置改革进程的提示性
公告
《上海证券报》
2006 年 5
月 18 日
上海证券交易所网站
www.sse.com.cn
关于控股子公司之间提供担保及控股
子公司借款展期的公告
《上海证券报》
《大公报》
2006 年 5
月 18 日
上海证券交易所网站
www.sse.com.cn
关于召开 2005 年年度股东大会的通
知
《上海证券报》
《大公报》
2006 年 5
月 25 日
上海证券交易所网站
www.sse.com.cn
关于公司股权分置改革进程的提示性
公告
《上海证券报》
2006 年 5
月 25 日
上海证券交易所网站
www.sse.com.cn
关于公司股权分置改革进程的提示性
公告
《上海证券报》
2006 年 6
月 2 日
上海证券交易所网站
www.sse.com.cn
股票交易异常波动公告
《上海证券报》
《大公报》
2006 年 6
月 2 日
上海证券交易所网站
www.sse.com.cn
关于收购方绿庭（香港）有限公司为
公司提供借款的提示性公告
《上海证券报》
《大公报》
2006 年 6
月 6 日
上海证券交易所网站
www.sse.com.cn
关于公司股权分置改革进程的提示性
公告
《上海证券报》
2006 年 6
月 12 日
上海证券交易所网站
www.sse.com.cn
股票交易异常波动公告
《上海证券报》
《大公报》
2006 年 6
月 12 日
上海证券交易所网站
www.sse.com.cn
第十四次股东大会（2005 年年会）会
议决议公告
《上海证券报》
《大公报》
2006 年 6
月 30 日
上海证券交易所网站
www.sse.com.cn
关于公司董事会和监事会任期届满后
继续履行相关职责的公告
《上海证券报》
《大公报》
2006 年 6
月 30 日
上海证券交易所网站
www.sse.com.cn
上海大江（集团）股份有限公司 2006 年中期报告
12
七、财务会计报告(未经审计)
(一)财务报表
资产负债表
2006 年 06 月 30 日
编制单位: 上海大江（集团）股份有限公司
单位: 元 币种:人民币
附注 合并 母公司
项目
合并 母公司 期末数 期初数 期末数 期初数
流动资产：
货币资金 104,669,546.92 109,890,884.50 29,395,197.30 28,773,601.48
短期投资 362,500.00 320,018.80 289,230.00 241,798.80
应收票据 512,000.00
应收股利
应收利息
应收账款 63,982,978.74 49,112,728.17 20,178,229.92 20,870,720.16
其他应收款 104,152,567.85 72,424,494.58 238,825,824.67 185,003,085.78
预付账款 16,205,849.21 8,244,413.03 519,040.44 23,000.00
应收补贴款 1,038,703.09 1,038,703.09
存货 422,643,061.76 392,955,815.83 42,432,596.19 49,798,157.52
待摊费用 1,150,920.92 804,219.42 297,207.87 213,761.13
一年内到期的长期债权投资
其他流动资产
流动资产合计 713,679,425.40 634,791,277.42 331,937,326.39 285,962,827.96
长期投资：
长期股权投资 104,513,550.18 104,646,699.66 377,472,249.55 365,853,533.97
长期债权投资
长期投资合计 104,513,550.18 104,646,699.66 377,472,249.55 365,853,533.97
其中：合并价差
其中：股权投资差额 -8,958,535.96 -9,254,710.34 -8,958,535.96 -9,254,710.34
固定资产：
固定资产原价 895,876,605.05 966,396,937.61 178,087,510.68 193,498,330.50
减：累计折旧 550,521,353.21 587,297,252.41 98,639,927.69 107,614,919.79
固定资产净值 345,355,251.84 379,099,685.20 79,447,582.99 85,883,410.71
减：固定资产减值准备 69,232,356.89 78,199,420.27 18,710,505.93 20,404,921.37
固定资产净额 276,122,894.95 300,900,264.93 60,737,077.06 65,478,489.34
工程物资
在建工程 4,302,202.03 1,870,745.33 116,209.32 15,300.00
固定资产清理 288,979.12
固定资产合计 280,714,076.10 302,771,010.26 60,853,286.38 65,493,789.34
无形资产及其他资产：
无形资产 40,498,242.21 36,064,899.89 19,240,000.00 20,300,000.00
长期待摊费用 5,079,705.88 2,616,754.89
其他长期资产
无形资产及其他资产合计 45,577,948.09 38,681,654.78 19,240,000.00 20,300,000.00
递延税项：
递延税款借项
资产总计 1,144,484,999.77 1,080,890,642.12 789,502,862.32 737,610,151.27
上海大江（集团）股份有限公司 2006 年中期报告
13
流动负债：
短期借款 452,500,000.00 494,000,000.00 315,500,000.00 330,500,000.00
应付票据
应付账款 29,170,613.66 55,243,822.82 13,367,849.34 16,479,202.53
预收账款 244,721,519.54 119,730,922.56 8,850,839.13 8,713,792.58
应付工资 3,118,728.40 6,293,365.83 41,530.00
应付福利费 9,103,191.92 9,067,454.93
应付股利 49,887.50 49,887.50 49,887.50 49,887.50
应交税金 -182,230,322.98 -178,969,645.45 -164,975,261.89 -170,065,732.43
其他应交款 425,384.06 1,145,214.10
其他应付款 237,992,875.38 230,138,933.41 408,290,278.32 353,354,797.87
预提费用 10,321,116.81 2,989,493.13 3,244,410.82 1,147,168.52
预计负债
一年内到期的长期负债 107,000,000.00 107,000,000.00
其他流动负债 3,035,445.29 3,035,445.29
流动负债合计 915,208,439.58 849,724,894.12 584,369,533.22 540,179,116.57
长期负债：
长期借款 20,000,000.00 20,000,000.00
应付债券
长期应付款
专项应付款
其他长期负债
长期负债合计 20,000,000.00 20,000,000.00
递延税项：
递延税款贷项
负债合计 935,208,439.58 869,724,894.12 584,369,533.22 540,179,116.57
少数股东权益 40,495,290.43 45,758,465.30
所有者权益（或股东权益）：
实收资本（或股本） 676,305,696.00 676,305,696.00 676,305,696.00 676,305,696.00
减：已归还投资
实收资本（或股本）净额 676,305,696.00 676,305,696.00 676,305,696.00 676,305,696.00
资本公积 229,469,396.46 229,469,396.46 245,642,526.94 245,642,526.94
盈余公积 91,379,978.21 91,379,978.21 77,749,737.49 77,749,737.49
其中：法定公益金 31,526,662.28 31,526,662.28 29,329,166.61 29,329,166.61
未分配利润 -806,659,445.11 -813,394,768.38 -794,564,631.33 -802,266,925.73
拟分配现金股利
外币报表折算差额
减：未确认投资损失 21,714,355.80 18,353,019.59
所有者权益（或股东权益）合计 168,781,269.76 165,407,282.70 205,133,329.10 197,431,034.70
负债和所有者权益（或股东权益）总计 1,144,484,999.77 1,080,890,642.12 789,502,862.32 737,610,151.27
公司法定代表人:雷黎光 财务总监: 臧舜 制表人: 潘雷萍
上海大江（集团）股份有限公司 2006 年中期报告
14
利润及利润分配表
2006 年 1-6 月
编制单位: 上海大江（集团）股份有限公司
单位:元 币种:人民币
附注 合并 母公司
项目
合并 母公司 本期数 上年同期数 本期数 上年同期数
一、主营业务收入 255,095,207.71 363,706,355.93 155,030,467.11 302,728,463.07
减：主营业务成本 247,738,638.16 344,399,866.51 155,917,547.56 304,494,712.48
主营业务税金及附加 133,206.82 297,776.24
二、主营业务利润（亏损以“-”号填
列）
7,223,362.73 19,008,713.18 -887,080.45 -1,766,249.41
加：其他业务利润（亏损以“-”号填
列）
1,683,020.08 2,150,301.28 -225,143.37 -541,274.90
减: 营业费用 16,377,459.10 12,428,589.70 4,479,816.64 4,362,182.03
管理费用 16,527,606.11 30,992,894.47 6,265,808.88 8,868,307.80
财务费用 16,621,586.98 14,949,149.56 13,203,242.67 11,935,834.00
三、营业利润（亏损以“-”号填列） -40,620,269.38 -37,211,619.27 -25,061,092.01 -27,473,848.14
加：投资收益（损失以“-”号填列） 8,419,214.57 -440,326.81 12,857,806.41 -12,379,236.12
补贴收入 15,337,116.62 2,064,576.00 14,450,000.00 1,370,656.00
营业外收入 19,866,799.08 2,199,108.11 6,372,071.49 2,087,320.42
减：营业外支出 1,221,337.45 291,740.94 916,491.49 221,870.11
四、利润总额（亏损总额以“-”号填
列）
1,781,523.44 -33,680,002.91 7,702,294.40 -36,616,977.95
减：所得税 666,697.61 1,385,492.08
减：少数股东损益 -2,559,161.23 890,057.28
加：未确认投资损失(合并报表填列) 3,361,336.21 609,320.07
五、净利润（亏损以“-”号填列） 7,035,323.27 -35,346,232.20 7,702,294.40 -36,616,977.95
加：年初未分配利润 -813,394,768.38 -599,415,063.07 -802,266,925.73 -581,527,809.34
其他转入
六、可供分配的利润 -806,359,445.11 -634,761,295.27 -794,564,631.33 -618,144,787.29
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
七、可供股东分配的利润 -806,359,445.11 -634,761,295.27 -794,564,631.33 -618,144,787.29
减：应付优先股股利
提取任意盈余公积
应付普通股股利
转作股本的普通股股利
其他 300,000.00
八、未分配利润(未弥补亏损以“-”号填
列)
-806,659,445.11 -634,761,295.27 -794,564,631.33 -618,144,787.29
补充资料：
1.出售、处置部门或被投资单位所得收益
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
公司法定代表人:雷黎光 财务总监: 臧舜 制表人: 潘雷萍
上海大江（集团）股份有限公司 2006 年中期报告
15
现金流量表
2006 年 1-6 月
编制单位: 上海大江（集团）股份有限公司
单位:元 币种:人民币
附注
项目
合并 母公司
合并数 母公司数
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 350,397,153.72 259,420,034.03
收到的税费返还 121,962.40
收到的其他与经营活动有关的现金 61,149,023.79 59,081,287.42
现金流入小计 411,668,139.91 318,501,321.45
购买商品、接受劳务支付的现金 288,886,845.24 253,378,054.12
支付给职工以及为职工支付的现金 24,977,004.19 7,833,687.48
支付的各项税费 14,464,777.10 1,608,417.99
支付的其他与经营活动有关的现金 27,936,994.60 15,184,575.15
现金流出小计 356,265,621.13 278,004,734.74
经营活动产生的现金流量净额 55,402,518.78 40,496,586.71
二、投资活动产生的现金流量：
收回投资所收到的现金
其中：出售子公司收到的现金
取得投资收益所收到的现金
处置固定资产、无形资产和其他长期
资产而收回的现金
11,847,340.51 4,301,661.00
收到的其他与投资活动有关的现金
现金流入小计 11,847,340.51 4,301,661.00
购建固定资产、无形资产和其他长期
资产所支付的现金
14,999,772.44 110,700.00
投资所支付的现金 18,000,000.00
支付的其他与投资活动有关的现金
现金流出小计 14,999,772.44 18,110,700.00
投资活动产生的现金流量净额 -3,152,431.93 -13,809,039.00
三、筹资活动产生的现金流量：
吸收投资所收到的现金
其中：子公司吸收少数股东权益性投
资收到的现金
借款所收到的现金 208,000,000.00 157,500,000.00
收到的其他与筹资活动有关的现金
现金流入小计 208,000,000.00 157,500,000.00
偿还债务所支付的现金 249,500,000.00 172,500,000.00
分配股利、利润或偿付利息所支付的
现金
15,971,424.43 11,065,951.89
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
上海大江（集团）股份有限公司 2006 年中期报告
16
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 265,471,424.43 183,565,951.89
筹资活动产生的现金流量净额 -57,471,424.43 -26,065,951.89
四、汇率变动对现金的影响
五、现金及现金等价物净增加额 -5,221,337.58 621,595.82
补充材料
1、将净利润调节为经营活动现金流
量：
净利润 7,035,323.27 7,702,294.40
加：少数股东损益(亏损以“-”号填
列)
-2,559,161.23
减：未确认的投资损失 3,361,336.21
加：计提的资产减值准备 -20,949,562.94 -7,068,171.39
固定资产折旧 16,863,388.02 2,478,082.76
无形资产摊销 1,343,033.58 1,060,000.00
长期待摊费用摊销
待摊费用减少（减：增加） -346,701.50 -83,446.74
预提费用增加（减：减少） 7,331,623.68 2,097,242.30
处理固定资产、无形资产和其他长期
资产的损失(减:收益)
-18,630,209.76 -5,450,500.21
固定资产报废损失 10,644.21
财务费用 16,279,054.90 13,203,242.67
投资损失（减：收益） -8,419,214.57 -12,857,806.41
递延税款贷项（减：借项）
存货的减少（减：增加） -16,470,246.12 13,723,600.95
经营性应收项目的减少(减：增加) -55,314,988.38 -35,619,300.87
经营性应付项目的增加(减：减少) 132,590,871.83 61,311,349.25
其他
经营活动产生的现金流量净额 55,402,518.78 40,496,586.71
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 104,669,546.92 29,395,197.30
减：现金的期初余额 109,890,884.50 28,773,601.48
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 -5,221,337.58 621,595.82
公司法定代表人:雷黎光 财务总监: 臧舜 制表人: 潘雷萍
上海大江（集团）股份有限公司 2006 年中期报告
17
合并资产减值准备明细表
2006 年 1-6 月
编制单位: 上海大江（集团）股份有限公司
单位:元 币种:人民币
本期减少数
项目 期初余额 本期增加数 因资产价值回
升转回数
其他原因转出
数
合计
期末余额
坏账准备合计 99,252,771.82 1,295,720.25 13,788.80 13,788.80 100,534,703.27
其中：应收账款 71,971,361.92 752,228.20 13,788.80 13,788.80 72,709,801.32
其他应收款 27,281,409.90 543,492.05 27,824,901.95
短期投资跌价准备合计 47,431.20 47,431.20 47,431.20
其中：股票投资 47,431.20 47,431.20 47,431.20
债券投资
存货跌价准备合计 23,496,232.11 1,934,168.11 15,151,167.92 15,151,167.92 10,279,232.30
其中：库存商品 20,574,681.74 14,984,963.66 14,984,963.66 5,589,718.08
原材料 1,963,832.53 1,934,168.11 3,898,000.64
包装物 855,518.71 99,106.19 99,106.19 756,412.52
低值易耗品 102,199.13 67,098.07 67,098.07 35,101.06
长期投资减值准备合计 1,229,623.23 1,229,623.23
其中：长期股权投资 1,229,623.23 1,229,623.23
长期债权投资
固定资产减值准备合计 78,199,420.27 338,840.82 9,305,904.20 9,305,904.20 69,232,356.89
其中：房屋、建筑物 25,497,479.29 6,000,865.98 6,000,865.98 19,496,613.31
机器设备 21,270,892.95 338,840.82 2,497,704.99 2,497,704.99 19,112,028.78
电子设备
运输设备 4,070.00 4,070.00
其他设备 31,426,978.03 807,333.23 807,333.23 30,619,644.80
无形资产减值准备
其中：专利权
商标权
在建工程减值准备 2,131,525.50 2,131,525.50
委托贷款减值准备
资产减值合计 204,357,004.13 3,568,729.18 15,198,599.12 9,319,693.00 24,518,292.12 183,407,441.19
公司法定代表人:雷黎光 财务总监: 臧舜 制表人: 潘雷萍
上海大江（集团）股份有限公司 2006 年中期报告
18
母公司资产减值准备明细表
2006 年 1-6 月
编制单位: 上海大江（集团）股份有限公司
单位:元 币种:人民币
本期减少数
项目 期初余额 本期增加数 因资产价值回
升转回数
其他原因转出
数
合计
期末余额
坏账准备合计 93,607,727.36 1,045,403.61 13,688.74 13,688.74 94,639,442.23
其中：应收账款 57,905,525.19 13,688.74 13,688.74 57,891,836.45
其他应收款 35,702,202.17 1,045,403.61 36,747,605.78
短期投资跌价准备合计 47,431.20 47,431.20 47,431.20
其中：股票投资 47,431.20 47,431.20 47,431.20
债券投资
存货跌价准备合计 14,628,864.81 2,570,654.99 8,928,694.61 8,928,694.61 8,270,825.19
其中：库存商品 14,430,056.93 8,928,694.61 8,928,694.61 5,501,362.32
原材料 198,807.88 2,570,654.99 2,769,462.87
包装物
低值易耗品
长期投资减值准备合计 1,229,623.23 1,229,623.23
其中：长期股权投资 1,229,623.23 1,229,623.23
长期债权投资
固定资产减值准备合计 20,404,921.37 1,694,415.44 1,694,415.44 18,710,505.93
其中：房屋、建筑物 8,211,867.45 8,211,867.45
机器设备 9,870,522.99 1,427,533.47 1,427,533.47 8,442,989.52
电子设备 966,743.18 31,949.46 31,949.46 934,793.72
运输设备 4,070.00 4,070.00
其他设备 1,351,717.75 234,932.51 234,932.51 1,116,785.24
无形资产减值准备
其中：专利权
商标权
在建工程减值准备 175,200.00 175,200.00
委托贷款减值准备
资产减值合计 130,093,767.97 3,616,058.60 8,976,125.81 1,708,104.18 10,684,229.99 123,025,596.58
公司法定代表人:雷黎光 财务总监: 臧舜 制表人: 潘雷萍
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 4.28 4.28 0.01 0.01
营业利润 -24.07 -24.05 -0.06 -0.06
净利润 4.17 4.16 0.01 0.01
扣除非经常性损益后的净利润 -15.97 -15.95 -0.04 -0.04
上海大江（集团）股份有限公司 2006 年中期报告
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(二)公司主要会计政策、会计估计和会计报表的编制方法
1、会计准则和会计制度：
执行企业会计准则、《企业会计制度》及其有关的补充规定。
2、会计年度：
本公司会计年度自公历 1 月 1 日起至 12 月 31 日止。
3、记账本位币：
本公司的记账本位币为人民币。
4、编制基础、记账基础和计价原则：
以权责发生制为记帐基础，以历史成本为计价原则。
5、外币业务核算方法：
外币业务按发生当月一日中国人民银行公布的人民币市场汇价中间价作为折算汇率，折合成人民
币记帐，年末外币帐户余额按年末市场汇价中间价折合成人民币金额进行调整。外币专门借款帐户年
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，其余的外币帐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。
6、现金及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。
7、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，以应收债权的帐面价值为基础确定其入帐价值；
非货币性交易换入的短期投资，以换出资产的帐面价值为基础确定其入帐价值。
2、短期投资跌价准备的计提
中期末及年末，按成本与市价孰低提取或调整短期投资跌价准备。
按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。
8、应收款项坏账损失核算方法
坏账的确认标准为：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。
坏账的核算方法：公司的坏账核算采用备抵法，期末公司对应收款项（包括应收账款和其他应收
款）按和账龄分析法计提坏账准备，
账龄分析法
帐龄 应收帐款计提比例(%) 其他应收款计提比例(%)
1 年以内（含 1 年） 3 3
1－2 年 10 10
2－3 年 15 15
3 年以上 20 20
上海大江（集团）股份有限公司 2006 年中期报告
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按期末应收帐款、其他应收款余额的帐龄分析法提取坏帐准备。
9、存货核算方法：
1、存货分类
存货分类为：在途物资、原材料、包装物、低值易耗品、在产品、产成品、开发成本等。
2、取得和发出的计价方法
日常核算取得时按实际成本计价；发出时除产成品外按加权平均法计价。产成品按标准成本计价，实
际成本与标准成本之间的差异，在月末采用加权平均法在销售产品与库存产品之间摊销，将标准成本
调整为实际成本。内部调拨产品的计价，按标准成本计算，其调拨差异随产品调拨一并结转，将标准
成本调整为实际成本。
债务重组取得债务人用以抵债的存货，以应收债权的帐面价值为基础确定其入帐价值；非货币性交易
换入的存货以换出资产的帐面价值为基础确定其入帐价值。
3、低值易耗品和包装物的摊销方法
低值易耗品采用一次摊销法；包装物采用一次摊销法。
4、存货的盘存制度
采用永续盘存制。
5、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
10、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，以应收债权的帐面价值为基础确定其入帐价值；非货币性交易换入的股权投资，以换出资
产的帐面价值为基础确定其入帐价值。
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
号文生效以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贷差按财会
[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。
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帐面价值的差额，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。
11、固定资产计价、折旧方法和减值准备的计提方法：
(1) 固定资产计价和折旧方法：
固定资产是指为生产商品、提供劳务、出租或经营管理而持有的，使用年限超过一年，单位价值较高
的有形资产。
固定资产以取得时的实际成本入帐，并从其达到预定可使用状态的次月起，采用直线法(年数平均法)
提取折旧。
上海大江（集团）股份有限公司 2006 年中期报告
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各类固定资产的估计残值率、折旧年限和年折旧率如下：
类 别 折旧年限（年） 残值率（%） 年折旧率（%）
房屋及建筑物 20 10 4.5
机器设备 10 10 9
电子设备 5 10 18
运输设备 5 10 18
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、经营租入固定资产改良
等。
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，以应收债权的帐面价值为基础确定其入帐价值；非货币性
交易换入的固定资产，以换出资产的帐面价值为基础确定其入帐价值。
融资租入的固定资产，按租赁开始日租赁资产的原帐面价值与最低租赁付款额的现值两者中较低者作
为入帐价值；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帐
值。
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。
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，应当在租赁资
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，应当在租赁期
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、剩余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。
(2) 减值准备的计提方法：
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
帐面价值的，按预计可收回金额低于其帐面价值的差额，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。
12、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，按估计价值转帐，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。
13、无形资产计价及摊销方法：
1、取得的计价方法
按取得时的实际成本入帐。
债务重组取得债务人用以抵债的无形资产，按应收债权的帐面价值为基础确定其入帐价值；非货币性
上海大江（集团）股份有限公司 2006 年中期报告
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交易换入的无形资产，按换出资产的帐面价值为基础确定其入帐价值。
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帐面价值的差额，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。
14、开办费、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。
15、借款费用的会计处理方法：
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
按季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。
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。
16、预计负债的确认原则：
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。
17、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。
上海大江（集团）股份有限公司 2006 年中期报告
23
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。
18、所得税的会计处理方法：
采用应付税款法
19、合并会计报表合并范围的确定原则及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。
20、主要会计政策、会计估计变更及重大会计差错更正
(1) 会计政策变更
无
(2) 会计估计变更
无
(3) 会计差错更正
无
(三)税项：
1、主要税种及税率
税种 计税依据 税率
增值税 商品（产品）销售收入 17％、13％
营业税 仓储收入等 3％-5％
城建税 营业税（或已交增值税） 1％
企业所得税 应纳税所得额 27％、33％
(四)控股子公司及合营企业
单位:万元 币种:人民币
权益比例(%)
单位名称
注册
地
注册资本 经营范围 投资额
直接
间
接
是
否
合
并
上海大江得
胜饲料厂
上海
市松
江区
900 饲料 895.5 99.50% 是
常州大江畜
禽饲料公司
江苏
省常
州市
2,195 畜禽、饲料 2,072 94.40% 是
扬州大江畜
禽饲料公司
江苏
省扬
州市
3,666.80 畜禽、饲料 3,483.46 95.00% 是
上海大江（集团）股份有限公司 2006 年中期报告
24
上海大江光
星养鸡场
上海
市松
江区
900 肉鸡饲养 900 100.00% 是
上海大江饲
料有限公司
上海
市松
江区
2,000 饲料 1,999 99.95% 是
松江区华阳
鸡场
上海
市松
江区
480 父母代种禽饲养 264 55.00% 是
松江区塔汇
鸡场
上海
市松
江区
380 父母代种禽饲养 209 55.00% 是
松江西林肉
禽场
上海
市松
江区
1,680 肉鸡饲养 1,680 100.00% 是
松江陈堵肉
禽场
上海
市松
江区
1,680 肉鸡饲养 1,680 100.00% 是
青浦泖洋肉
禽场
上海
市青
浦区
1,680 肉鸡饲养 1,680 100.00% 是
青浦沈巷保
卫肉禽场
上海
市青
浦区
680 肉鸡饲养 680 100.00% 是
青浦沈巷王
金肉禽场
上海
市青
浦区
840 肉鸡饲养 840 100.00% 是
青浦赵巷崧
泽肉鸡场
上海
市青
浦区
540 肉鸡饲养 540 100.00% 是
青浦练塘朱
家庄肉鸡场
上海
市青
浦区
680 肉鸡饲养 680 100.00% 是
青浦蒸淀徐
南肉鸡场
上海
市青
浦区
680 肉鸡饲养 680 100.00% 是
青浦蒸淀大
浜肉鸡场青
浦
上海
市青
浦区
680 肉鸡饲养 680 100.00% 是
青浦沈巷新
泾肉鸡场
上海
市青
浦区
680 肉鸡饲养 680 100.00% 是
青浦古石肉
禽场
上海
市青
浦区
1,800 肉鸡饲养 1,800 100.00% 是
上海大江肉
食品二厂
上海
市松
江区
5,200 肉食品加工 4,420 85.00% 是
上海大江（集团）股份有限公司 2006 年中期报告
25
上海大江肉
食品四厂
上海
市松
江区
5,000 肉食品加工 4,500 90.00% 是
上海申德机
械有限公司
上海
市松
江区
2,295.52 饲料机械 1,721.64 75.00% 是
上海大江房
地产有限公
司
上海
市松
江区
2,000 房地产开发 1,800 90.00% 是
枣阳大江禽
业有限公司
湖北
省枣
阳市
894.05
畜禽、饲料、鸡
肉
849.3475 95.00% 是
阜新大江有
限公司
辽宁
省阜
新市
5,064.8472
饲料生产、肉鸡
饲养等
3,154.8472 70.82% 是
上海大江肉
食品厂
上海
市松
江区
1,800 肉食品加工 900 50.00% 是
青浦野马浜
养鸡场
上海
市青
浦区
300 祖代种禽饲养 150 50.00% 是
上海大江天
马种禽场
上海
市松
江区
1,800 父母代种禽饲养 900 50.00% 是
上海申靓机
械设备工程
安装有限公
司
上海
市松
江区
300 饲料机械 231.75 77.25% 是
上海大江科
创置业有限
公司
上海
市松
江区
1,800
房地产开发经
营、企业管理咨
询、物业管理等
1,800 100% 是
上海汉地置
业有限公司
上海
市松
江区
1,800
房地产开发经
营、物业管理。
918 51% 是
（1）合并报表范围发生变更的内容和原因
与上年相比本年新增合并单位 1 家，原因为：
1、本年度公司出资新建了上海大江科创置业有限公司，本公司拥有 100％的股权，故将该公司纳入
合并范围。
与上年相比本年减少合并单位 1 家，原因为：
1、松江松新肉禽场于本年关闭，已清理完毕。
（2）对持股比例未达 50%以上的子公司，已纳入合并范围的原因说明：
（3）对持股比例达到 50%以上的子公司，未纳入合并范围的原因说明：
上海大江（集团）股份有限公司 2006 年中期报告
26
(五)合并会计报表附注
1、货币资金
单位:元
期末数 期初数
项目
外币金额 折算率 人民币金额 外币金额 折算率 人民币金额
现金： / / 70,768.66 / / 71,296.25
人民币 / / 70,768.66 / / 71,296.25
银行存款： / / 104,598,758.98 / / 109,819,588.25
人民币 / / 103,987,238.46 / / 107,560,835.75
美元 76,482.10 7.9956 611,520.52 279,863.77 8.0709 2,258,752.50
其他货币资金： / / 19.28 / /
人民币 / / 19.28 / /
合计 / / 104,669,546.92 / / 109,890,884.50
2、短期投资
(1) 短期投资分类
单位: 币种:
期初数 期末数
项 目
帐面余额 跌价准备 帐面净额 帐面余额
跌价
准备
帐面净额
期末市价总额
其中：股
票投资
4,080.00 47,431.20 4,080.00 4,080.00 4,080.00 6,250.00
基金投资 363,370.00 47,431.20 315,938.80 358,420.00 358,420.00 511,830.00
合计 367,450.00 47,431.20 320,018.80 362,500.00 362,500.00 518,080.00
(2) 短期股票投资
单位:元 币种:人民币
股票名称 股票数量 帐面余额 期末每股市价 期末市价总额
中国石化 1,000 4,080.00 6.25 6,250.00
合计 4,080.00 / 6,250.00
3、应收票据
(1) 应收票据分类
单位:元 币种:人民币
种类 期末数
银行承兑汇票 512,000.00
合计 512,000.00
上海大江（集团）股份有限公司 2006 年中期报告
27
4、应收账款
(1) 应收账款帐龄
单位:元 币种:人民币
期末数 期初数
账龄 账面余额 账面余额
金额 比例
坏账准备
金额 比例
坏账准备
一年以内 53,868,180.62 39 1,616,045.42 38,257,409.24 32 1,147,722.28
一至二年 5,235,408.20 4 523,540.81 4,932,465.66 4 493,246.57
二至三年 373,522.95 56,028.45 5,201,003.28 4 780,150.49
三年以上 77,215,668.29 56 70,514,186.63 72,693,211.91 60 69,550,242.58
合计 136,692,780.06 100 72,709,801.32 121,084,090.09 100 71,971,361.92
(2) 应收帐款坏帐准备变动情况
单位:元 币种:人民币
本期减少数
项目 期初余额 本期增加数
转出数 合计
期末余额
应收帐款坏帐准
备
71,971,361.92 752,228.20 13,788.80 13,788.80 72,709,801.32
(3) 应收账款前五名欠款情况
单位:元 币种:人民币
期末数 期初数
金额 比例 金额 比例
前五名欠款单位
合计及比例
17,018,395.37 12.45 17,066,635.37 14.09
(4) 应收帐款主要单位
单位:元 币种:人民币
单位名称 欠款金额 欠款时间 欠款原因
合计 / /
(5) 本报告期全额计提坏账准备，或计提坏账准备的比例较大的应收帐款情况
单位:元 币种:人民币
单位名称
与本公
司关系
欠款金额
欠款
时间
欠款原因
计提坏帐金
额
计提坏帐比
例(%)
计提坏
帐原因
武进前黄张
勤
销售客
户
9,742.06
三年
以上
销售货款尚
未收到
9,742.06 100
预见收
不回来
武进良种推
广站
销售客
户
22,102.00
三年
以上
销售货款尚
未收到
22,102.00 100
预见收
不回来
武进魏村陈
伯平
销售客
户
2,481.20
三年
以上
销售货款尚
未收到
2,481.20 100
预见收
不回来
无锡钱桥张
正勇
销售客
户
20,984.07
三年
以上
销售货款尚
未收到
20,984.07 100
预见收
不回来
上海大江（集团）股份有限公司 2006 年中期报告
28
江阴市申港
毛健
销售客
户
3,726.40
三年
以上
销售货款尚
未收到
3,726.40 100
预见收
不回来
苏州东桥饲
料经营部
销售客
户
29,069.04
三年
以上
销售货款尚
未收到
29,069.04 100
预见收
不回来
合计 / 88,104.77 / / 88,104.77 / /
(6) 应收帐款坏帐冲销
单位:元 币种:人民币
单位名称 冲销金额 冲销原因
无锡市查桥养鸡场 13,172.00 已收回欠款
江阴河塘夏源平 500.00 已收回欠款
靖江姚金林 16.80 已收回欠款
武进化肥厂付业场 100.00 已收回欠款
合计 13,788.80 /
(7) 本报告期应收帐款中无持有公司 5%(含 5%)以上表决权股份的股东单位的欠款
5、其他应收款
(1) 其他应收款帐龄
单位:元 币种:人民币
期末数 期初数
账龄 账面余额 账面余额
金额 比例
坏账准备
金额 比例
坏账准备
一年以内 52,583,023.65 40 1,577,490.71 21,933,732.38 22 658,011.97
一至二年 1,068,728.14 1 106,872.82 4,793,746.38 5 479,374.64
二至三年 45,466.58 6,819.99 29,744.50 4,461.68
三年以上 78,280,251.43 59 26,133,718.43 72,948,681.22 73 26,139,561.61
合计 131,977,469.80 100 27,824,901.95 99,705,904.48 100 27,281,409.90
(2) 其他应收款坏帐准备变动情况
单位:元 币种:人民币
项目 期初余额 本期增加数 期末余额
其他应收款坏帐准备 27,281,409.90 543,492.05 27,824,901.95
(3) 其他应收款前五名欠款情况
单位:元 币种:人民币
期末数 期初数
金额 比例 金额 比例
前五名欠款单位
合计及比例
71,981,632.81 54.54 71,977,528.81 72.19
上海大江（集团）股份有限公司 2006 年中期报告
29
(4) 其他应收款主要单位
单位:元 币种:人民币
单位名称 欠款金额
欠款
时间
欠款原
因
计提坏帐金额
计提坏帐
比例
计提坏帐
原因
1、松江区饲料公司 34,986,724.59
三年
以上
股东款 6,997,344.92 20 按帐龄
2、松江区畜禽公司 22,491,149.73
三年
以上
股东款 4,498,229.95 20 按帐龄
3、上海天邦水产饲
料有限公司
8,273,863.92
二年
以上
往来款 4,136,931.96 50
4、杭州青云纤维集
团有限公司
4,283,052.52
二年
以上
股权转
让款
2,141,526.26 50
5、香港置溢集团有
限公司
1,946,842.05
二年
以上
股权转
让款
973,421.03 50
合计 71,981,632.81 / / 18,747,454.12 / /
(5) 其他应收款坏帐计提情况
单位:元 币种:人民币
单位名称 欠款金额
欠款时
间
欠款原
因
计提坏帐金
额
计提坏帐比
例(%)
计提坏帐原因
上海天邦水产饲料有
限公司
4,104.00
一年以
内
往来款 2,052.00 50
预计有一半收
不回来
合计 4,104.00 / / 2,052.00 / /
(6) 本报告期其他应收帐款中持有公司 5%(含 5%)以上表决权股份的股东单位的欠款情况
单位:元 币种:人民币
期末数 期初数
单位名称
欠款金额 计提坏帐金额 欠款金额 计提坏帐金额
松江区饲料公司 34,986,724.59 6,997,344.92 34,986,724.59 6,997,344.92
松江区畜禽公司 22,491,149.73 4,498,229.95 22,491,149.73 4,498,229.95
合计 57,477,874.32 11,495,574.87 57,477,874.32 11,495,574.87
6、预付帐款
(1) 预付帐款帐龄
单位:元 币种:人民币
期末数 期初数
账龄
金额 比例 金额 比例
一年以内 15,929,838.11 98 7,905,551.94 96
一至二年 11,208.70 238,258.69 3
二至三年 262,838.40 2 99,722.40 1
三年以上 1,964.00 880.00
合计 16,205,849.21 100 8,244,413.03 100
上海大江（集团）股份有限公司 2006 年中期报告
30
(2) 预付帐款前五名欠款情况
单位:元 币种:人民币
期末数 期初数
金额 比例 金额 比例
前五名欠款单位
合计及比例
10,010,278.59 61.77 7,150,000.00 86.73
(3) 本报告期预付帐款中无持有公司 5%(含 5%)以上表决权股份的股东单位的欠款
7、应收补贴款
单位:元 币种:人民币
项目 期初数 本期增加数 本期减少数 期末数
出口退税 1,038,703.09 1,038,703.09
合计 1,038,703.09
8、存货
(1) 存货分类
单位:元 币种:人民币
期末数 期初数
项目
账面余额 跌价准备 账面价值 账面余额 跌价准备 账面价值
原材料 54,693,097.56 3,898,000.64 50,795,096.92 51,596,590.22 1,963,832.53 49,632,757.69
库存商品 65,237,225.83 5,589,718.08 59,647,507.75 88,308,993.15 20,574,681.74 67,734,311.41
在产品 14,263,873.15 14,263,873.15 28,200,367.60 28,200,367.60
包装物 5,637,860.98 756,412.52 4,881,448.46 5,351,958.75 855,518.71 4,496,440.04
低值易耗品 576,734.22 35,101.06 541,633.16 644,300.24 102,199.13 542,101.11
开发成本 292,513,502.32 292,513,502.32 242,349,837.98 242,349,837.98
合计 432,922,294.06 10,279,232.30 422,643,061.76 416,452,047.94 23,496,232.11 392,955,815.83
9、待摊费用
单位:元 币种:人民币
类别 期初数 本期增加数 本期摊销数 期末数 期末结存原因
各类保险 68,195.87 540,668.83 555,958.75 52,905.95 尚在摊消期内
租赁 259,648.28 189,138.00 239,583.30 209,202.98 尚在摊消期内
其他 476,375.27 776,165.12 363,728.40 888,811.99 尚在摊消期内
合计 804,219.42 1,505,971.95 1,159,270.45 1,150,920.92 /
10、长期投资
(1) 长期股权投资分类
单位:元 币种:人民币
项 目 期初数 本期增加 本期减少 期末数
股票投资 58,250,000.00 58,250,000.00
对子公司投资 1,949,990.21 46,637.14 1,996,627.35
对合营公司投资 8,091,847.84 475,962.80 7,615,885.04
上海大江（集团）股份有限公司 2006 年中期报告
31
其他股权投资 46,839,195.18 46,839,195.18
股权投资差额 -9,254,710.34 -8,958,534.16
合计 105,876,322.89 46,637.14 475,962.80 105,743,173.41
减：长期股权投资减值准备 1,229,623.23 1,229,623.23
长期股权投资净值合计 104,646,699.66 / / 104,513,550.18
(2) 长期股票投资
单位:元 币种:人民币
被投资公司名
称
股份
类别
股票数量
占被投资公司注册资
本比例(%)
初始投资成本 帐面余额 帐面净额
长江发展股份
有限公司
法人
股
5,000,000 0.77 7,000,000.00 7,000,000.00 7,000,000.00
上海申银证券
股份公司
法人
股
51,760,000 1.23 51,250,000.00 51,250,000.00 51,250,000.00
合计 / 56,760,000 / 58,250,000.00 58,250,000.00 58,250,000.00
(3) 其他股权投资
单位:元 币种:人民币
1)对子公司、合营企业和联营企业投资的情况
被投资
单位名
称
与母
公司
关系
占被投资
公司注册
资本比例
(%)
投资成本 期初余额 本期增减额 累计增减额 期末余额
核
算
方
法
山东济
宁牧工
商
对合
营企
业投
资
50 3,000,000.00
1,229,623.23
-
1,770,376.77
1,229,623.23
权
益
法
核
算
山东沪
平牧工
商
对合
营企
业投
资
50 400,000.00
581,743.00
0.72 181,743.72 581,743.72
权
益
法
核
算
卢湾大
江食品
经营部
对合
营企
业投
资
40 260,000.00
198,297.20
5,853.24 -55,849.56 204,150.44
权
益
法
核
算
大华畜
牧器械
有限公
司
对合
营企
业投
资
45.75 12,402,500.00
6,082,184.41
-
481,816.76
-
6,802,132.35
5,600,367.65
权
益
法
核
算
上海埃
科燃气
测控设
备有限
公司
对子
公司
投资
25 2,000,000.00
1,949,990.21
46,637.14 -3,372.65 1,996,627.35
权
益
法
核
算
上海大江（集团）股份有限公司 2006 年中期报告
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2)其他股权投资
被投资单位名称
占被投资公司注册资本比
例(%)
投资成本 期初余额 期末余额 核算方法
上海宝鼎投资股份有限
公司
0.09 62,500.00 62,500.00 62,500.00
成本法核
算
上海华源生命科学有限
公司
16.50 31,776,695.18 31,776,695.18 31,776,695.18
成本法核
算
上海松江出口加工区海
欣
3.02 15,000,000.00 15,000,000.00 15,000,000.00
成本法核
算
3)股权投资减值准备
减值准备
被投资单位名称
期初数 期末数
山东济宁牧工商 1,229,623.23 1,229,623.23
(4) 股权投资差额
单位:元 币种:人民币
被投资单位名称 期初金额 初始余额 摊销金额 期末余额 形成原因
摊销
年限
枣阳大江禽业有
限公司
-5,733,100.88 -8,493,482.79 -5,733,100.88
初始投资成本与享有
净资产的差额
10 年
扬州大江畜禽饲
料有限公司
-185,763.59 -371,527.19 18,576.36 -167,187.23
初始投资成本与享有
净资产的差额
10 年
上海大江肉食品
六厂有限公司
-2,883,267.16 -4,873,127.60 243,656.38 -2,639,610.78
初始投资成本与享有
净资产的差额
10 年
常州大江畜禽饲
料有限公司
-452,578.71 -678,868.26 33,943.44 -418,635.27
初始投资成本与享有
净资产的差额
10 年
合计 -9,254,710.34 -14,417,005.84 296,176.18 -8,958,534.16 / /
11、固定资产
单位:元 币种:人民币
项目 期初数 本期增加数 本期减少数 期末数
一、原价合计： 966,396,937.61 4,125,430.91 74,645,763.47 895,876,605.05
其中：房屋及建筑物 473,359,504.11 37,184.00 48,781,853.94 424,614,834.17
机器设备 392,645,782.96 3,410,434.63 20,839,537.25 375,216,680.34
电子设备
运输设备 21,331,650.93 498,474.83 962,499.66 20,867,626.10
二、累计折旧合计： 587,297,252.41 17,391,558.15 54,167,457.35 550,521,353.21
其中：房屋及建筑物 229,806,059.75 6,289,969.26 31,973,839.93 204,122,189.08
机器设备 287,928,917.23 9,165,513.29 18,284,121.89 278,810,308.63
电子设备
运输设备 12,768,449.67 660,076.86 1,018,870.37 12,409,656.16
三、固定资产净值合计 379,099,685.20 345,355,251.84
其中：房屋及建筑物 243,553,444.36 220,492,645.09
机器设备 104,716,865.73 96,406,371.71
电子设备
运输设备 8,563,201.26 8,457,969.94
四、减值准备合计 78,199,420.27 338,840.82 9,305,904.20 69,232,356.89
其中：房屋及建筑物 25,497,479.29 6,000,865.98 19,496,613.31
上海大江（集团）股份有限公司 2006 年中期报告
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机器设备 21,270,892.95 338,840.82 2,497,704.99 19,112,028.78
电子设备
运输设备 4,070.00 4,070.00
五、固定资产净额合计 300,900,264.93 276,122,894.95
其中：房屋及建筑物 218,055,965.07 200,996,031.78
机器设备 83,445,972.78 77,294,342.93
电子设备
运输设备 8,559,131.26 8,453,899.94
12、在建工程
单位:元 币种:人民币
期末数 期初数
项目
帐面余额 减值准备 帐面净额 帐面余额 减值准备 帐面净额
在建工程 6,433,727.53 2,131,525.50 4,302,202.03 4,002,270.83 2,131,525.50 1,870,745.33
(1) 在建工程项目变动情况
单位:元 币种:人民币
项目名称 预算数 期初数 本期增加 本期减少 转入固定资产
资金
来源
期末数
大江肉食品二厂
污水工程
431,814.71 534,937.56 自筹 966,752.27
申德机械有限公
司数控机床工程
2,560,000.00 1,280,000.00 3,857,429.00 2,568,714.50 自筹 2,568,714.50
申德机械有限公
司真空炉工程
4,994,720.00 1,956,325.50 自筹 1,956,325.50
其他零星工程 334,130.62 751,435.26 143,630.62 941,935.26
合计 4,002,270.83 5,143,801.82 143,630.62 2,568,714.50 / 6,433,727.53
(2) 在建工程减值准备
单位:元 币种:人民币
项目 期初数 期末数 计提原因
申德机械有限公司真空炉工程 1,956,325.50 1,956,325.50 进口二手设备改造时间已超过 3 年
其他零星工程 175,200.00 175,200.00 工程停工时间已超过 3 年
合计 2,131,525.50 2,131,525.50 /
13、固定资产清理
单位:元 币种:人民币
项目 期初数 本期增加数 本期减少数 期末数
汽车等资产 288,979.12 288,979.12
合计 288,979.12 288,979.12
正处于清理期间，尚未确认损益
上海大江（集团）股份有限公司 2006 年中期报告
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14、无形资产
单位:元 币种:人民币
期末数 期初数
项目
帐面余额
减值准
备
帐面净额 帐面余额
减值准
备
帐面净额
无形资
产
40,498,242.21 40,498,242.21 36,064,899.89 36,064,899.89
(1) 无形资产变动情况
单位:元 币种:人民币
种类
取
得
方
式
实际成本 期初数 本期增加 本期摊销 累计摊销 期末数
剩余
摊销
期限
通志馆大
厦使用权
购
买
6,000,000.00 4,800,000.00 60,000.00 1,260,000.00 4,740,000.00
40 年
6 个月
公司本部
评估增值
评
估
40,000,000.00 15,500,000.00 1,000,000.00 25,500,000.00 14,500,000.00
6 年
10 个
月
肉食品二
厂土地使
用费
购
买
1,300,000.00 820,000.00 480,000.00 820,000.00 28 年
肉食品二
厂扩建土
地使用费
购
买
6,999,275.40 839,996.80 5,649,275.40 93,587.80 603,591.00 6,395,684.40
10 年
6 个月
肉食品六
厂土地使
用费
购
买
6,604,372.50 5,595,643.42 127,100.50 77,349.53 958,978.11 5,645,394.39
25 年
5 个月
肉食品二
厂土地使
用费
购
买
1,936,557.00 1,870,400.95 66,156.05 1,870,400.95 20 年
扬州场地
使用权
投
资
3,148,887.20 1,952,361.60 35,482.20 1,232,007.80 1,916,879.40
39 年
5 个月
申德机械
场地使用
权
购
买
1,743,145.50 871,572.54 36,315.53 907,888.49 835,257.01
10 年
6 个月
枣阳大江
土地使用
费
购
买
4,029,850.00 3,814,924.58 40,298.52 255,223.94 3,774,626.06
45 年
3 个月
合计 / 71,762,087.60 36,064,899.89 5,776,375.90 1,343,033.58 31,263,845.39 40,498,242.21 /
15、长期待摊费用
单位:元 币种:人民币
种类 期初数 本期增加 期末数
开办费 2,616,754.89 2,462,950.99 5,079,705.88
合计 2,616,754.89 2,462,950.99 5,079,705.88
上海大江（集团）股份有限公司 2006 年中期报告
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16、短期借款
(1) 短期借款分类：
单位:元 币种:人民币
项目 期末数 期初数
质押借款 34,000,000.00 32,000,000.00
抵押借款 251,000,000.00 260,000,000.00
担保借款 163,500,000.00 198,000,000.00
信用借款 4,000,000.00 4,000,000.00
合计 452,500,000.00 494,000,000.00
17、应付帐款：
(1) 应付帐款帐龄
单位:元 币种:人民币
期末数 期初数
账龄
金额 比例 金额 比例
一年以内 28,982,854.26 99.36 50,000,740.89 90.51
一至二年 22,560.42 0.07 5,119,102.99 9.27
二至三年 149,768.58 0.51 32,451.87 0.06
三年以上 15,430.40 0.06 91,527.07 0.16
合计 29,170,613.66 100 55,243,822.82 100
(2) 应付帐款主要单位
单位:元 币种:人民币
单位名称 与本公司关系 欠款金额 欠款时间 欠款原因
1、上海大华器械有限公司 关联企业 1,171,058.36 三年以上 货款
2、上海市检测站 866,000.00 一年 检测费
3、沪正宏粮机公司 供货单位 654,164.00 一年 货款
4、上海强余原有限公司 供货单位 653,110.00 一年 货款
5、上海松江油脂有限公司 供货单位 527,356.05 一年 货款
合计 / 3,871,688.41 / /
18、预收帐款：
(1) 预收帐款帐龄
单位:元 币种:人民币
期末数 期初数
账龄
金额 比例 金额 比例
一年以内 243,801,533.83 99.63 119,693,890.96 99.97
一至二年 7,031.60
二至三年 889,985.71 0.36
三年以上 30,000.00 0.01 30,000.00 0.03
合计 244,721,519.54 100 119,730,922.56 100
上海大江（集团）股份有限公司 2006 年中期报告
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(2) 预收帐款主要单位
单位:元 币种:人民币
单位名称 与本公司关系 欠款金额 欠款时间 欠款原因
1、宜兴兴达水产养殖服务部 销售商 6,454,263.29 一年 预收饲料款
2、宜兴和桥庄建斌 销售商 4,180,851.25 一年 预收饲料款
3、宜兴闸口朱亚权 销售商 4,025,974.87 一年 预收饲料款
4、武进前黄徐继光 销售商 2,471,238.6 一年 预收饲料款
5、sojitz corporation （nich） 销售商 2,308,552.32 三年以上 预收饲料款
合计 / 19,440,880.33 / /
19、应交税金：
单位:元 币种:人民币
项目 期末数 期初数 计缴标准
增值税 -170,814,888.86 -176,474,519.23 商品（产品）销售收入
营业税 -7,033,474.46 -2,578,738.43 仓储收入等
所得税 -4,553,970.24 -218,533.04 应纳税所得额
个人所得税 29,913.10 321,137.59
城建税 -66,264.52 -18,992.34 营业税（或已交增值税）
房产税 208,362.00 1.2％
合计 -182,230,322.98 -178,969,645.45 /
20、其他应交款：
单位:元 币种:人民币
项目 期末数 期初数 费率说明
企业社会性开支 93,483.62 182,725.34 按应缴所得税的 7%
以工补农 262,603.66 835,286.60 按营业净额的 6‰
农付教育费附加 52,348.50 94,780.30 按营业净额的 2‰
农付合作医疗保险费 14,433.27 14,121.26 按营业净额的 1.5‰
提防费 2,515.01 2,515.01 按应缴营业税、增值税的 2‰
河道工程维修管理费 15,785.59 按应缴营业税、增值税的 3‰
合计 425,384.06 1,145,214.10 /
上海大江（集团）股份有限公司 2006 年中期报告
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21、其他应付款：
(1) 其他应付款帐龄
单位:元 币种:人民币
期末数 期初数
账龄
金额 比例 金额 比例
一年以内 180,173,182.17 75.71 204,833,610.49 89.00
一至二年 54,551,725.84 22.92 21,045,184.94 9.14
二至三年 51,824.01 0.02 955,767.82 0.42
三年以上 3,216,143.36 1.35 3,304,370.16 1.44
合计 237,992,875.38 100 230,138,933.41 100
22、预提费用：
单位:元 币种:人民币
项目 期末数 期初数 结存原因
水电费 890,126.29 892,942.88 尚未支付
房租 310,000.00 816,782.24 尚未支付
审计费 537,267.00 尚未支付
其他 8,583,723.52 1,279,768.01 尚未支付
合计 10,321,116.81 2,989,493.13 /
23、一年到期的长期负债：
单位:元 币种:人民币
期末数 期初数
种类 借款起始日 借款终止日
利率 本币金额 利率 本币金额
长期借款 2005 年 5 月 27 日 2006 年 10 月 22 日 6.912％ 27,000,000.00 6.912％ 27,000,000.00
长期借款 2004 年 11 月 1 日 2006 年 10 月 22 日 6.588％ 80,000,000.00 6.588％ 80,000,000.00
合计 / / / 107,000,000.00 / 107,000,000.00
24、其他流动负债：
单位:元 币种:人民币
项目 期末数 期初数
申德筹建期间汇兑损益 3,035,445.29 3,035,445.29
合计 3,035,445.29 3,035,445.29
上海大江（集团）股份有限公司 2006 年中期报告
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25、长期借款
(1) 长期借款分类：
单位:元 币种:人民币
项目 期末数 期初数
抵押借款 20,000,000.00 20,000,000.00
合计 20,000,000.00 20,000,000.00
(2) 长期借款情况：
单位:元 币种:人民币
期末数 期初数
种类 借款起始日 借款终止日
利率 本币金额 利率 本币金额
抵押借款 2003 年 7 月 2 日 2007 年 7 月 1 日 5.85％ 20,000,000.00 5.85％ 20,000,000.00
合计 / / / 20,000,000.00 / 20,000,000.00
26、股本
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
股份总数 676,305,696 100 676,305,696 100
27、资本公积：
单位:元 币种:人民币
项目 期初数 本期增加 本期减少 期末数
股本溢价 26,063,263.03 26,063,263.03
股权投资准备 199,166,977.12 199,166,977.12
其他资本公积 4,239,156.31 4,239,156.31
合计 229,469,396.46 229,469,396.46
28、盈余公积：
单位:元 币种:人民币
项目 期初数 本期增加 本期减少 期末数
法定盈余公积 59,853,315.93 59,853,315.93
法定公益金 31,526,662.28 31,526,662.28
合计 91,379,978.21 91,379,978.21
上海大江（集团）股份有限公司 2006 年中期报告
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29、未分配利润：
单位:元 币种:人民币
项目 期末数
净利润 7,035,323.27
加：年初未分配利润 -813,394,768.38
其他转入
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 300,000.00
未分配利润 -806,659,445.11
30、未确认的投资损失：
单位:元 币种:人民币
项目 期末数 期初数
未确认的投资损失 21,714,355.80 18,353,019.59
31、主营业务收入及主营业务成本
(1) 分行业主营业务
单位:元 币种:人民币
本期数 上年同期数
行业名称
营业收入 营业成本 营业收入 营业成本
工业 359,888,341.93 357,402,995.25 602,094,274.02 585,565,582.85
其中:关联交易 7,334,700.00
合计 359,888,341.93 357,402,995.25 602,094,274.02 585,565,582.85
内部抵消 104,793,134.22 109,664,357.09 238,387,918.09 241,165,716.34
合计 255,095,207.71 247,738,638.16 363,706,355.93 344,399,866.51
(2) 分产品主营业务
单位:元 币种:人民币
本期数 上年同期数
产品名称
营业收入 营业成本 营业收入 营业成本
饲料 90,928,529.80 86,794,238.04 187,735,892.01 172,633,889.92
肉鸡分割产品 13,607,678.04 22,037,781.79 171,709,956.09 183,938,131.62
苗鸡 22,897,334.03 29,509,030.28 96,753,009.11 92,605,210.19
食品加工 210,631,739.69 204,994,779.17 121,455,657.14 121,687,797.16
饲料机械 21,823,060.37 14,217,165.97 24,439,759.67 14,700,553.96
其中:关联交易 7,334,700.00
合计 359,888,341.93 357,552,995.25 602,094,274.02 585,565,582.85
内部抵消 104,793,134.22 109,814,357.09 238,387,918.09 241,165,716.34
合计 255,095,207.71 247,738,638.16 363,706,355.93 344,399,866.51
上海大江（集团）股份有限公司 2006 年中期报告
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(3) 分地区主营业务
单位:元 币种:人民币
本期数 上年同期数
地区名称
营业收入 营业成本 营业收入 营业成本
境内 344,970,164.15 345,410,430.38 578,297,305.92 560,835,522.05
境外 14,918,177.78 11,992,564.87 23,796,968.10 24,730,060.80
其中:关联交易 7,334,700.00
合计 359,888,341.93 357,402,995.25 602,094,274.02 585,565,582.85
内部抵消 104,793,134.22 109,664,357.09 238,387,918.09 241,165,716.34
合计 255,095,207.71 247,738,638.16 363,706,355.93 344,399,866.51
32、主营业务税金及附加：
单位:元 币种:人民币
项目 本期数 上年同期数 计缴标准
营业税 76,751.00 180,331.68 仓储收入等
城建税 13,582.03 58,627.89
营业税（或已交增值
税）
教育费附加 40,746.10 44,112.52
河道工程维修费 2,127.69 14,704.15
合计 133,206.82 297,776.24 /
33、其他业务利润：
单位:元 币种:人民币
本期数 上年同期数
项目
收入 成本 利润 收入 成本 利润
次原料
销售收
入
1,385,911.39 1,089,540.25 296,371.14 1,060,573.59 1,034,617.33 25,956.26
废旧材
料销售
收入
1,579,374.62 1,118,238.90 461,135.72 2,284,131.48 1,126,918.79 1,157,212.69
租赁费 3,721,335.98 3,294,772.74 426,563.24 4,434,432.83 4,504,056.15 -69,623.32
其他 783,394.92 284,444.94 498,949.98 6,983,450.63 5,946,694.98 1,036,755.65
合计 7,470,016.91 5,786,996.83 1,683,020.08 14,762,588.53 12,612,287.25 2,150,301.28
上海大江（集团）股份有限公司 2006 年中期报告
41
34、财务费用
单位:元 币种:人民币
项目 本期数 上年同期数
利息支出 16,279,054.90 14,860,915.76
减：利息收入 170,424.60 193,901.55
汇兑损失 281,485.62 24,913.97
减：汇兑收益
其他 231,471.06 257,221.38
合计 16,621,586.98 14,949,149.56
35、投资收益
单位:元 币种:人民币
项目 本期数 上年同期数
短期投资收益 47,431.20 -6,604.60
其中：股票投资收益 -380.00
短期投资收益跌价准备 -47,431.20 6,224.00
长期投资收益 8,371,783.37 -433,722.21
其中：按权益法确认收益 -429,733.05 -1,154,572.53
长期股权投资差额摊销 296,176.18 720,850.32
股权投资转让收益 8,505,340.24
合计 8,419,214.57 -440,326.81
36、补贴收入：
单位:元 币种:人民币
项目 本期数 上年同期数
禽流感补贴 1,370,656.00
财政贴息收入 416,800.00 100,000.00
清真食品补贴 150,000.00 543,920.00
节水补贴（打井） 50,000.00
所得税退税 70,316.62
电费补贴 550,000.00
扶贫办贷款贴息 250,000.00
鸡场停养补偿费 13,800,000.00
市著名商标奖励金 100,000.00
合计 15,337,116.62 2,064,576.00
37、营业外收入：
单位:元 币种:人民币
项目 本期数 上年同期数
固定资产清理收益 19,820,466.22 2,008,165.17
赔偿及罚款收入 623.00 400.00
其他 45,709.86 190,542.94
合计 19,866,799.08 2,199,108.11
上海大江（集团）股份有限公司 2006 年中期报告
42
38、营业外支出：
单位:元 币种:人民币
项目 本期数 上年同期数
固定资产清理净损失 1,190,256.46 64,683.14
捐赠 1,300.00
罚款支出 29,495.88 23,851.48
其他 1,585.11 201,906.32
合计 1,221,337.45 291,740.94
39、收到的其他与经营活动有关的现金
单位:元 币种:人民币
项目 金额
收到的资产转让款等 54,724,210.00
租赁收入 3,276,147.00
暂借款 1,000,000.00
补贴收入 666,800.00
其他 1,481,866.79
合计 61,149,023.79
40、支付的其他与经营活动有关的现金
单位:元 币种:人民币
项目 金额
管理经营费用支出 11,141,307.93
车辆运输费 3,283,990.56
租赁费 6,433,779.62
其他 7,077,916.49
合计 27,936,994.60
(六)母公司会计报表附注
1、应收账款
(1) 应收账款帐龄
单位:元 币种:人民币
期末数 期初数
账龄 账面余额 账面余额
金额 比例
坏账准备
金额 比例
坏账准备
一年以内 20,390,874.98 26 611,726.25 21,291,833.34 27 638,755.00
一至二年 82,528.83 8,252.87 154,062.69 15,406.27
二至三年 136,622.69 20,493.40
三年以上 57,460,039.87 74 57,251,363.93 57,330,349.32 73 57,251,363.92
合计 78,070,066.37 100 57,891,836.45 78,776,245.35 100 57,905,525.19
上海大江（集团）股份有限公司 2006 年中期报告
43
(2) 应收帐款坏帐准备变动情况
单位:元 币种:人民币
本期减少数
项目 期初余额
转出数 合计
期末余额
应收帐款坏帐准备 57,905,525.19 13,688.74 13,688.74 57,891,836.45
(3) 应收账款前五名欠款情况
单位:元 币种:人民币
期末数 期初数
金额 比例 金额 比例
前五名欠款单位
合计及比例
17,803,636.39 22.80 14,274,462.87 18.12
(4) 本报告期应收帐款中无持有公司 5%(含 5%)以上表决权股份的股东单位的欠款
2、其他应收款
(1) 其他应收款帐龄
单位:元 币种:人民币
期末数 期初数
账龄 账面余额 账面余额
金额 比例
坏账准备
金额 比例
坏账准备
一年以内 51,414,694.88 19 1,542,440.84 4,481,185.36 2 134,435.56
一至二年 944,706.28 94,470.63 4,669,674.52 2 466,967.44
二至三年 38,607.58 5,791.14
三年以上 223,175,421.71 81 35,104,903.17 211,554,428.07 96 35,100,799.17
合计 275,573,430.45 100 36,747,605.78 220,705,287.95 100 35,702,202.17
(2) 其他应收款坏帐准备变动情况
单位:元 币种:人民币
项目 期初余额 本期增加数 期末余额
其他应收款坏帐准备 35,702,202.17 1,045,403.61 36,747,605.78
(3) 其他应收款前五名欠款情况
单位:元 币种:人民币
期末数 期初数
金额 比例 金额 比例
前五名欠款单位
合计及比例
179,323,662.79 65.07 103,931,525.48 47.09
上海大江（集团）股份有限公司 2006 年中期报告
44
(4) 本报告期其他应收帐款中持有公司 5%(含 5%)以上表决权股份的股东单位的欠款情况
单位:元 币种:人民币
期末数 期初数
单位名称
欠款金额 计提坏帐金额 欠款金额 计提坏帐金额
松江区饲料公司 34,986,724.59 6,997,344.92 34,986,724.59 6,997,344.92
松江区畜禽公司 22,491,149.73 4,498,229.95 22,491,149.73 4,498,229.95
合计 57,477,874.32 11,495,574.87 57,477,874.32 11,495,574.87
3、预付帐款
(1) 本报告期预付帐款中无持有公司 5%(含 5%)以上表决权股份的股东单位的欠款
4、长期投资
(1) 长期股权投资分类
单位:元 币种:人民币
项 目 期初数 本期增加 本期减少 期末数
股票投资 58,250,000.00 58,250,000.00
对子公司投资 263,156,824.52 11,798,502.20 274,955,326.72
对合营公司投资 8,091,847.84 -475,962.80 7,615,885.04
其他股权投资 46,839,195.18 46,839,195.18
股权投资差额 -9,254,710.34 -8,958,534.16
合计 367,083,157.20 11,322,539.40 -296,176.18 378,701,872.78
减：长期股权投资减值准备 1,229,623.23 1,229,623.23
长期股权投资净值合计 365,853,533.97 / / 377,472,249.55
(2) 长期股票投资
单位:元 币种:人民币
被投资公司名
称
股份
类别
股票数量
占被投资公司注册资
本比例(%)
初始投资成本 帐面余额 帐面净额
长江发展股份
有限公司
法人
股
5,000,000 0.77 7,000,000.00 7,000,000.00 7,000,000.00
上海申银证券
股份公司
法人
股
51,760,000 1.23 51,250,000.00 51,250,000.00 51,250,000.00
合计 / 56,760,000 / 58,250,000.00 58,250,000.00 58,250,000.00
(3) 其他股权投资
单位:元 币种:人民币
1)对子公司、合营企业和联营企业投资的情况
被投资
单位名
称
与母
公司
关系
占被投资公
司注册资本
比例(%)
投资期
限
投资成本 期初余额 本期增减额 累计增减额 期末余额
核
算
方
法
山东济
宁大江
牧工商
公司
对合
营企
业投
资
50
1986-
12～
2006-12
3,000,000.00
1,229,623.23
-1,770,376.77 1,229,623.23
权
益
法
核
算
山东沪
平牧工
商联合
公司
对合
营企
业投
资
50
1987-
01～
2006-01
400,000.00
581,743.00
0.72 181,743.72 581,743.72
权
益
法
核
算
上海大江（集团）股份有限公司 2006 年中期报告
45
上海大
华器械
有限公
司
对合
营企
业投
资
45.75
1988-
11～
2020-11
12,402,500.00
6,082,184.41
-481,816.76 -6,802,132.35 5,600,367.65
权
益
法
核
算
上海卢
湾大江
食品经
营部
对合
营企
业投
资
40
1992-
07～
2002-06
260,000.00
198,297.20
5,853.24 -55,849.56 204,150.44
权
益
法
核
算
常州大
江畜禽
饲料公
司
对子
公司
投资
94.40
1991-
11～
2010-08
20,720,000.00
15,924,359.38
-5,157.71 -4,800,798.33 15,919,201.67
权
益
法
核
算
扬州大
江畜禽
饲料公
司
对子
公司
投资
95.00
1992-
01～
2046-12
34,834,600.00
12,945,550.33
-155,185.71 -22,044,235.38 12,790,364.62
权
益
法
核
算
上海大
江光星
养鸡场
对子
公司
投资
100.00
1990-
01～
2044-12
9,000,000.00
6,587,425.21
3,549,118.07 1,136,543.28 10,136,543.28
权
益
法
核
算
松江区
华阳鸡
场
对子
公司
投资
55.00
1995-
12～
2044-12
2,640,000.00
0
-2,640,000.00 0
权
益
法
核
算
松江区
塔汇鸡
场
对子
公司
投资
55.00
1995-
12～
2044-12
2,090,000.00
1,611,941.31
12,264.45 -465,794.24 1,624,205.76
权
益
法
核
算
松江长
兴肉禽
场
对子
公司
投资
100.00
1994-
01～
2045-08
16,800,000.00
0
-16,800,000.00 0
权
益
法
核
算
松江兴
娄肉禽
场
对子
公司
投资
100.00
1994-
01～
2045-08
16,800,000.00
0
-16,800,000.00 0
权
益
法
核
算
松江黄
桥肉禽
场
对子
公司
投资
100.00
1994-
01～
2045-08
16,800,000.00
0
-16,800,000.00 0
权
益
法
核
算
松江西
林肉禽
场
对子
公司
投资
100.00
1994-
01～
2045-08
16,800,000.00
11,587,637.30
-67,866.25 -5,280,228.95 11,519,771.05
权
益
法
核
算
松江松
新肉禽
场
对子
公司
投资
100.00
1994-
01～
2045-08
16,800,000.00
10,686,319.39
-10,686,319.39 -16,800,000.00 0
权
益
法
核
算
松江陈
堵肉禽
场
对子
公司
投资
100.00
1994-
01～
2045-08
16,800,000.00
12,412,575.14
7,963,592.20 3,576,167.34 20,376,167.34
权
益
法
核
算
青浦泖
洋肉禽
对子
公司
100.00
1994-
01～
16,800,000.00
13,712,951.98
-205,063.18 -3,292,111.20 13,507,888.80
权
益
上海大江（集团）股份有限公司 2006 年中期报告
46
场 投资 2045-08 法
核
算
青浦沈
巷保卫
肉鸡场
对子
公司
投资
100.00
1995-
01～
2044-12
6,800,000.00
6,762,854.39
-226,279.29 -263,424.90 6,536,575.10
权
益
法
核
算
青浦沈
巷新泾
肉鸡场
对子
公司
投资
100.00
1995-
01～
2044-12
6,800,000.00
7,205,435.30
-207,498.36 197,936.94 6,997,936.94
权
益
法
核
算
青浦沈
巷王金
肉鸡场
对子
公司
投资
100.00
1992-
01～
2042-12
8,400,000.00
7,984,007.56
-443,635.50 -859,627.94 7,540,372.06
权
益
法
核
算
青浦赵
巷菘泽
肉鸡场
对子
公司
投资
100.00
1995-
01～
2044-12
5,400,000.00
4,821,291.44
-175,684.46 -754,393.02 4,645,606.98
权
益
法
核
算
青浦环
城泰来
肉鸡场
对子
公司
投资
100.00
1995-
01～
2044-12
6,800,000.00
0
-6,800,000.00 0
权
益
法
核
算
青浦练
塘朱家
庄肉鸡
场
对子
公司
投资
100.00
1995-
01～
2044-12
6,800,000.00
6,837,572.01
-229,256.52 -191,684.51 6,608,315.49
权
益
法
核
算
青浦蒸
淀徐南
肉鸡场
对子
公司
投资
100.00
1995-
01～
2044-12
6,800,000.00
6,695,354.73
-235,673.93 -340,319.20 6,459,680.80
权
益
法
核
算
青浦蒸
淀大浜
肉鸡场
对子
公司
投资
100.00
1995-
01～
2044-12
6,800,000.00
7,226,562.57
-211,568.81 214,993.76 7,014,993.76
权
益
法
核
算
青浦县
古石肉
禽场
对子
公司
投资
80.00
1995-
01～
2045-12
18,000,000.00
17,152,432.24
1,014,076.38 166,508.62 18,166,508.62
权
益
法
核
算
上海大
江肉食
品二厂
对子
公司
投资
85.00
1988-
06～
2045-08
44,200,000.00
0
-44,200,000.00 0
权
益
法
核
算
上海大
江肉食
品四厂
对子
公司
投资
90.00
1991-
11～
2045-08
45,000,000.00
22,523,724.91
-1,328,723.50 -23,804,998.59 21,195,001.41
权
益
法
核
算
上海申
德机械
有限公
司
对子
公司
投资
75.00
1992-
08～
2017-08
17,216,400.00
24,239,679.83
1,356,704.37 8,379,984.20 25,596,384.20
权
益
法
核
算
上海大
江肉食
品厂
对子
公司
投资
50.00
1987-
01～
2011-01
9,000,000.00
0
-9,000,000.00 0
权
益
法
核
上海大江（集团）股份有限公司 2006 年中期报告
47
算
青浦野
马浜养
鸡场
对子
公司
投资
50.00
1988-
08～
2008-07
1,500,000.00
-292,087.19
-1,792,087.19 -292,087.19
权
益
法
核
算
上海大
江天马
种禽场
对子
公司
投资
50.00
1991-
05～
2009-12
9,000,000.00
10,374,433.89
253,834.75 1,628,268.64 10,628,268.64
权
益
法
核
算
枣阳大
江禽业
有限公
司
对子
公司
投资
95.00
2001-
09～
2001-09
8,493,475.00
-8,493,475.00 0
权
益
法
核
算
上海大
江肉食
品六厂
对子
公司
投资
49.00 ～ 22,550,000.00
6,575,211.80
-307,732.49 -16,282,520.69 6,267,479.31
权
益
法
核
算
上海大
江房地
产有限
公司
对子
公司
投资
90.00
2002-
09～
2022-09
18,000,000.00
16,661,230.62
-1,064,363.15 -2,403,132.53 15,596,867.47
权
益
法
核
算
辽宁阜
新大江
有限公
司
对子
公司
投资
53.75
2002-
05～
2022-05
24,859,292.59
8,174,502.34
-6,032,333.53 -22,717,123.78 2,142,168.81
权
益
法
核
算
上海大
江饲料
有限公
司
对子
公司
投资
90.00
2005-
05～
2015-05
8,516,049.19
15,565,858.04
1,231,253.76 8,281,062.61 16,797,111.80
权
益
法
核
算
汉地置
业
对子
公司
投资
51.00
2005-
01～
2045-01
9,180,000.00
9,180,000.00
- 9,180,000.00
权
益
法
核
算
科创置
业
对子
公司
投资
100
2006-
05～
2026-05
18,000,000.00
18,000,000.00 18,000,000.00
权
益
法
核
算
2)其他股权投资
被投资单位名称
占被投资公司注
册资本比例(%)
投资期限 投资成本 期初余额 累计增减额 期末余额
核算
方法
上海宝鼎投资股份有
限公司
0.09
2000-12～
2000-12
62,500.00 62,500.00 62,500.00 62,500.00
成本
法核
算
上海松江出口加工区
海欣建设开发有限公
司
3.02
2000-8～
2030-8
15,000,000.00 15,000,000.00 15,000,000.00 15,000,000.00
成本
法核
算
上海华源生命科学有
限公司
16.50 2003～2003 31,776,695.18 31,776,695.18 31,776,695.18 31,776,695.18
成本
法核
算
上海大江（集团）股份有限公司 2006 年中期报告
48
3)股权投资减值准备
减值准备
被投资单位名称
期初数 期末数
山东济宁大江牧工商公司 1,229,623.23 1,229,623.23
(4) 股权投资差额
单位:元 币种:人民币
被投资单位名称 期初金额 初始余额 摊销金额 期末余额 形成原因
摊销
年限
枣阳大江禽业有
限公司
-5,733,100.88 -8,493,482.79 -5,733,100.88
初始投资成本与享
有净资产的差额
10 年
扬州大江畜禽饲
料有限公司
-185,763.59 -371,527.19 18,576.36 -167,187.23
初始投资成本与享
有净资产的差额
10 年
上海大江肉食品
六厂有限公司
-2,883,267.16 -4,873,127.60 243,656.38 -2,639,610.78
初始投资成本与享
有净资产的差额
10 年
常州大江畜禽饲
料有限公司
-452,578.71 -678,868.26 33,943.44 -418,635.27
初始投资成本与享
有净资产的差额
10 年
合计 -9,254,710.34 -14,417,005.84 296,176.18 -8,958,534.16 / /
股份变动情况表
单位:
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
股份总数
5、未分配利润：
单位: 币种:
项目 期末数
净利润 7,702,294.40
加：年初未分配利润 -802,266,925.73
其他转入
减：提取法定盈余公积
提取法定公益金
未分配利润 -794,564,631.33
6、主营业务收入及主营业务成本
(1) 分行业主营业务
单位:元 币种:人民币
本期数 上年同期数
行业名称
营业收入 营业成本 营业收入 营业成本
工业 155,030,467.11 155,917,547.56 302,728,463.07 304,494,712.48
合计 155,030,467.11 155,917,547.56 302,728,463.07 304,494,712.48
合计 155,030,467.11 155,917,547.56 302,728,463.07 304,494,712.48
上海大江（集团）股份有限公司 2006 年中期报告
49
(2) 分地区主营业务
单位:元 币种:人民币
本期数 上年同期数
地区名称
营业收入 营业成本 营业收入 营业成本
境内 145,308,496.15 147,037,495.03 282,582,559.26 281,524,566.27
境外 9,721,970.96 8,880,052.53 20,145,903.81 22,970,146.21
合计 155,030,467.11 155,917,547.56 302,728,463.07 304,494,712.48
合计 155,030,467.11 155,917,547.56 302,728,463.07 304,494,712.48
7、投资收益
单位:元 币种:人民币
项目 本期数 上年同期数
短期投资收益 47,431.20 -16,398.60
其中：股票投资收益 -420.00
短期投资收益跌价准备 -47,431.20
其他短期投资收益 -15,978.60
长期投资收益 12,810,375.21 -12,362,837.52
其中：按权益法确认收益 4,008,858.79 -13,083,687.84
长期股权投资差额摊销 296,176.18 720,850.32
股权投资转让收益 8,505,340.24
合计 12,857,806.41 -12,379,236.12
(七)关联方及关联交易
1、存在控制关系关联方的基本情况
关联方名称 注册地址 与本公司关系 经济性质
上海市松江县饲料公司 上海市松江区 控股股东 国有独资公司
上海大江得胜饲料厂 上海市松江区 控股子公司 其他
常州大江畜禽饲料公司 江苏省常州市 控股子公司 其他
扬州大江畜禽饲料公司 江苏省扬州市 控股子公司 其他
上海大江饲料有限公司 上海市松江区 控股子公司 其他
上海大江光星养鸡场 上海市松江区 控股子公司 其他
松江区华阳鸡场 上海市松江区 控股子公司 其他
松江区塔汇鸡场 上海市松江区 控股子公司 其他
松江西林肉禽场 上海市松江区 控股子公司 其他
松江陈堵肉禽场 上海市松江区 控股子公司 其他
青浦泖洋肉禽场 上海市青浦区 控股子公司 其他
青浦沈巷保卫肉鸡场 上海市青浦区 控股子公司 其他
青浦沈巷新泾肉鸡场 上海市青浦区 控股子公司 其他
青浦沈巷王金肉鸡场 上海市青浦区 控股子公司 其他
青浦赵巷崧泽肉鸡场 上海市青浦区 控股子公司 其他
青浦练塘朱家庄肉鸡场 上海市青浦区 控股子公司 其他
青浦蒸淀徐南肉鸡场 上海市青浦区 控股子公司 其他
青浦蒸淀大浜肉鸡场 上海市青浦区 控股子公司 其他
上海大江（集团）股份有限公司 2006 年中期报告
50
青浦区古石肉禽场 上海市青浦区 控股子公司 其他
上海大江肉食品二厂 上海市松江区 控股子公司 其他
上海大江肉食品四厂 上海市松江区 控股子公司 其他
上海申德机械有限公司 上海市松江区 控股子公司 其他
上海大江肉食品厂 上海市松江区 控股子公司 其他
青浦野马浜养鸡场 上海市青浦区 控股子公司 其他
上海大江天马种禽场 上海市松江区 控股子公司 其他
枣阳市禽业有限公司 湖北省枣阳市 控股子公司 其他
上海大江房地产有限公司 上海市松江区 控股子公司 其他
阜新大江有限公司 辽宁省阜新市 控股子公司 其他
上海申靓工程安装有限公司 上海市松江区 控股子公司 其他
上海汉地置业有限公司 上海市松江区 控股子公司 其他
上海大江科创置业有限公司 上海市松江区 控股子公司 其他
2、存在控制关系关联方的注册资本及其变化情况
单位:万元 币种:人民币
关联方名称 注册资本期初数 注册资本增减 注册资本期末数
上海市松江县饲料公司 576.60 576.60
上海大江得胜饲料厂 900.00 900.00
常州大江畜禽饲料公司 2,195.00 2,195.00
扬州大江畜禽饲料公司 3,666.80 3,666.80
上海大江饲料有限公司 2,000.00 2,000.00
上海大江光星养鸡场 900.00 900.00
松江区华阳鸡场 480.00 480.00
松江区塔汇鸡场 380.00 380.00
松江西林肉禽场 1,680.00 1,680.00
松江陈堵肉禽场 1,680.00 1,680.00
青浦泖洋肉禽场 1,680.00 1,680.00
青浦沈巷保卫肉鸡场 680.00 680.00
青浦沈巷新泾肉鸡场 680.00 680.00
青浦沈巷王金肉鸡场 840.00 840.00
青浦赵巷崧泽肉鸡场 540.00 540.00
青浦练塘朱家庄肉鸡场 680.00 680.00
青浦蒸淀徐南肉鸡场 680.00 680.00
青浦蒸淀大浜肉鸡场 680.00 680.00
青浦区古石肉禽场 1,800.00 1,800.00
上海大江肉食品二厂 5,200.00 5,200.00
上海大江肉食品四厂 5,000.00 5,000.00
上海申德机械有限公司 2,295.52 2,295.52
上海大江肉食品厂 1,800.00 1,800.00
青浦野马浜养鸡场 300.00 300.00
上海大江天马种禽场 1,800.00 1,800.00
枣阳市禽业有限公司 894.05 894.05
上海大江房地产有限公司 2,000.00 2,000.00
阜新大江有限公司 5,064.8472 5,064.8472
上海大江（集团）股份有限公司 2006 年中期报告
51
上海申靓工程安装有限公司 300.00 300.00
上海汉地置业有限公司 1,800.00 1,800.00
上海大江科创置业有限公司 1,800.00 1,800.00
3、存在控制关系的关联方所持股份及其变化情况
单位:万元 币种:人民币
关联方名
称
关联方所持股
份期初数
关联方所持股
份比例期初数
（％）
关联方
所持股
份增减
关联方所持
股份增减比
例（％）
关联方所持股
份期末数
关联方所持股
份比例期末数
（％）
上海市松
江县饲料
公司
17,200.3709 25.43 17,200.3709 25.43
上海大江
得胜饲料
厂
895.50 99.50 895.50 99.50
常州大江
畜禽饲料
公司
2,072.00 94.40 2,072.00 94.40
扬州大江
畜禽饲料
公司
3,483.46 95.00 3,483.46 95.00
上海大江
饲料有限
公司
1,999.00 99.95 1,999.00 99.95
上海大江
光星养鸡
场
900.00 100.00 900.00 100.00
松江区华
阳鸡场
264.00 55.00 264.00 55.00
松江区塔
汇鸡场
209.00 55.00 209.00 55.00
松江西林
肉禽场
1,680.00 100.00 1,680.00 100.00
松江陈堵
肉禽场
1,680.00 100.00 1,680.00 100.00
青浦泖洋
肉禽场
1,680.00 100.00 1,680.00 100.00
青浦沈巷
保卫肉鸡
场
680.00 100.00 680.00 100.00
青浦沈巷
新泾肉鸡
场
680.00 100.00 680.00 100.00
青浦沈巷
王金肉鸡
场
840.00 100.00 840.00 100.00
上海大江（集团）股份有限公司 2006 年中期报告
52
青浦赵巷
崧泽肉鸡
场
540.00 100.00 540.00 100.00
青浦练塘
朱家庄肉
鸡场
680.00 100.00 680.00 100.00
青浦蒸淀
徐南肉鸡
场
680.00 100.00 680.00 100.00
青浦蒸淀
大浜肉鸡
场
680.00 100.00 680.00 100.00
青浦区古
石肉禽场
1,800.00 80.00 1,800.00 80.00
上海大江
肉食品二
厂
4,420.00 85.00 4,420.00 85.00
上海大江
肉食品四
厂
4,500.00 90.00 4,500.00 90.00
上海申德
机械有限
公司
1,721.64 75.00 1,721.64 75.00
上海大江
肉食品厂
900.00 50.00 900.00 50.00
青浦野马
浜养鸡场
150.00 50.00 150.00 50.00
上海大江
天马种禽
场
900.00 50.00 900.00 50.00
枣阳市禽
业有限公
司
849.3475 95.00 849.3475 95.00
上海大江
房地产有
限公司
1,800.00 90.00 1,800.00 90.00
阜新大江
有限公司
3,154.8472 70.82 3,154.8472 70.82
上海申靓
工程安装
有限公司
231.75 77.25 231.75 77.25
上海汉地
置业有限
公司
918.00 51.00 918.00 51.00
上海大江
科创置业
有限公司
1,800.00 100.00 1,800.00 100.00
上海大江（集团）股份有限公司 2006 年中期报告
53
4、不存在控制关系关联方的基本情况
关联方名称 关联方与本公司关系
上海市松江区畜禽公司 参股股东
山东沪平牧工商联合公司 合营公司
上海卢湾大江食品经营部 合营公司
上海大华器械有限公司 合营公司
上海华源生命科学有限公司 合营公司
5、关联交易情况
(1) 销售商品、提供劳务的关联交易
单位:元 币种:人民币
本期数 上年同期数
关联方
关联交
易内容
关联交易
定价原则 金额
占同类交易金
额的比例(%)
金额
占同类交易金
额的比例(%)
上海卢湾大
江食品经营
部
销售鸡
肉产品
按市场价 7,334,700.00 5.2％ 8,065,410.57 4.7％
6、关联方应收应付款项
单位:元 币种:人民币
应收应付款项名称 关联方 期初金额 期末金额
应收帐款 山东沪平牧工商联合公司 882,182.42 455,684.96
应收帐款 上海卢湾大江食品经营部 1,454,422.00 2,004,422.00
其他应收款 上海华源生命科学有限公司 479,536.37 486,913.93
其他应收款 上海市松江区饲料公司 34,986,724.59 34,986,724.59
其他应收款 上海市松江区畜禽公司 22,491,149.73 22,491,149.73
应付帐款 大华畜牧器械有限公司 1,359,295.28 1,359,295.28
(八)或有事项：
无
(九)承诺事项：
（一）未决诉讼或仲裁形成的或有负债：无
（二）截止 2006 年 06 月 30 日公司与关联方之间提供债务担保形成的或有负债：(单位：人民币万元)
1、本公司为关联方担保情况
被担保单位 担保金额 债务到期日 对本公司的财务影响
关联方：
上海申德机械有限公司 1,600.00 2006 年 11 月 13 日 无
上海大江肉食品二厂 1,450.00 2007 年 3 月 6 日 无
阜新大江有限公司 4,450.00 2007 年 4 月 30 日 无
合计 7,500.00
上海大江（集团）股份有限公司 2006 年中期报告
54
2、 关联方为本公司担保情况
担保单位 担保金额 债务到期日 对本公司的财务影响
关联方：
上海大华器械有限公司 1,500.00 2006 年 11 月 13 日 无
上海大江肉食品六厂 900.00 2006 年 9 月 11 日 无
上海申德机械有限公司 3,600.00 2006 年 10 月 15 日 无
上海大江肉食品四厂
和上海申德机械有限公司 共同担保 1,500.00 2006 年 10 月 25 日 无
上海申德机械有限公司
上海大江房地产有限公司
上海大江肉食品二厂 以上三家共同担保 800.00 2006 年 11 月 10 日 无
上海大江饲料有限公司 900.00 2006 年 12 月 18 日 无
合计 9,200.00
3、关联方之间担保情况
被担保单位 担保单位 担保金额 债务到期日 对本公司的财务影响
关联方之间：
上海申德机械有限公司 上海大江房地产有限公司 2,600.00 2007 年 5 月 8 日 无
（三）其他或有负债：无
（四）已签订的尚未履行或尚未完全履行的对外投资合同及有关财务支出：无
（五）已签订的正在或准备履行的大额发包合同及财务影响:无
（六）已签订的正在或准备履行的租赁合同及财务影响：无
（七）其他重大财务承诺事项：
抵押资产情况：
1、 公司以房屋及建筑物为抵押物,向银行借入短期借款人民币 14,950 万元，抵押物原值人民币
8,109.21 万元。
2、 公司控股子公司阜新大江有限公司以房屋及建筑物及机器设备为抵押物，向银行借入长期借款人
民币 2,000 万元、短期借款人民币 4,450 万元，抵押物原值人民币 7,916 万元。
3、 公司控股子公司上海松江新城东部房地产有限公司以在开发商品房为抵押物，向银行借入长期借
款人民币 10,700 万元、短期借款 1,400 万元，抵押物原值人民币 24,171 万元。
4、 子公司常州大江畜禽饲料有限公司以房屋及建筑物为抵押物，向银行借入短期借款人民币 1,000
万元，抵押物原值人民币 886 万元。
5、 公司控股子公司上海大江肉食品六厂有限公司以房屋及建筑物为抵押物，向银行借入短期借款人
民币 900 万元，抵押物原值人民币 1,387 万元。
6、 公司控股子公司上海大华器械有限公司以房屋及建筑物为抵押物，向银行借入短期借款人民币
1,500 万元，抵押物原值人民币 1,638 万元。
质押资产情况：
1、公司以持有的申银万国证券股份有限公司的法人股为质押物，向银行借入短期借款人民币 3,400
万元，质押物原值人民币 5,125 万元。
上海大江（集团）股份有限公司 2006 年中期报告
55
(十)资产负债表日后事项：
上海市发展和改革委员会于 2004 年发布了《关于黄浦江上游水源保护区畜牧禽场退出项目可行性研
究报告的批复》(沪发改投【2004】014 号)。按照该文件的精神，截至报告日，本公司所属的禽场除
上海大江天马种禽场，均已退出饲养。
(十一)其他重要事项：
（一） 本年度公司实施股权分置改革的情况和进展情况说明：
2005 年 12 月 28 日，本公司股权分置改革 a 股市场相关股东会议审议通过了《上海大江（集
团）股份有限公司股权分置改革方案》。该方案以 2004 年绿庭（香港）有限公司与公司发起人股东
松江县饲料公司和松江县畜禽公司签署的股权转让协议的完成为前提，即只有在该股权转让事项完成
后，本次股权分置改革方案才能实施。由于本次股权转让事宜尚需中国证监会的审核批准，故本次股
权分置改革方案的实施日期尚不能确定。
（二）其他需要披露的重要事项：
1、由于绿庭（香港）有限公司与本公司发起人股东松江县饲料公司和松江县畜禽公司签署的股权转
让协议尚需中国证监会批准，因此上述股权转让的双方当事人于 2005 年 11 月 9 日签署了《股份转让
协议补充协议》和《共管协议补充协议》，双方同意在 2005 年 10 月 31 日至 2006 年 6 月 30 日期
间，继续履行 2004 年 11 月 13 日签署的《股份转让协议》和《共管协议》，在股份转让完成前，进
一步深化对公司的共管工作，确保公司生产经营的持续稳定发展。
2、公司发起人股东上海市松江区饲料公司、上海市松江区畜禽公司、正大上海有限公司决定以现金
置换尚未摊销的长期投资评估增值不适资产余额人民币 124,955,748.63 元，其中上海市松江区饲料
公司置换人民币 37,486,724.59 元，上海市松江区畜禽公司置换人民币 24,991,149.73 元，正大上海
有限公司置换人民币 62,477,874.31 元。该三个发起人股东于 2000 年 12 月 21 日与公司签订协议
书，承诺自协议签订之日起五年内将这部分置换资金到位。
2002 年 4 月 18 日、6 月 17 日和 7 月 25 日正大上海有限公司分别归还欠款 380 万美元（折合
人民币 31,453,360 元）、200 万美元（折合人民币 16,553,800 元）、人民币 14,470,714.31 元，合
计人民币 62,477,874.31 元。至此，正大上海有限公司已归还全部欠款。2003 年 11 月 14 日上海市
松江区饲料公司和上海市松江区畜禽公司分别归还欠款人民币 250 万元。截至 2005 年 12 月 31 日
止，该两个发起人股东所欠款项余额为人民币 57,477,874.32 元。其中，上海市松江区饲料公司欠款
人民币 34,986,724.59 元，上海市松江区畜禽公司欠款人民币 22,491,149.73 元。由于该项股东欠款
账龄已有五年，公司按照坏账准备计提原则计提了 20％的坏账准备，共计人民币 11,495,574.86
元。2004 年 11 月 13 日，绿庭（香港）有限公司与饲料公司、畜禽公司签订了《关于上海大江（集
团）股份有限公司国有法人股之股权转让协议》，约定饲料公司和畜禽公司将其持有的本公司国有法
人股转让给绿庭（香港）。2004 年 11 月 19 日公司召开了第四届董事会，会议通过了《上海市松江
县饲料公司和上海市松江县畜禽公司关于对上海大江（集团）股份有限公司未清偿债务解决方案》，
该方案基于目前饲料公司和畜禽公司经营状况不良，财务状况困难的现状，经与公司协商后达成下述
还款计划，即饲料公司和畜禽公司在国有股权过户完成后的十个工作日内，分别用转让国有股权所得
款项归还对公司的欠款。本次股权转让事宜已经获得国务院国资委和商务部的同意批复，尚需中国证
监会就本次收购出具无异议函并批准豁免绿庭（香港）要约收购义务。
3、 截止 2005 年 12 月 31 日，本公司 “应交税金－增值税” 经税局核定余额为人民币-
169,399,213.00 元，将留待本公司在日后的生产经营中予以抵扣。
上海大江（集团）股份有限公司 2006 年中期报告
56
4、截止 2005 年 12 月 31 日，本公司合并流动净负债为人民币 201,529,014.18 元,合并未分配利润为
人民币-806,659,445.11 元。基于上述原因，董事会在编制本会计报表时审慎地考虑了本公司的资产
流动性和经营前景。本会计报表是由董事会基于持续经营的原则而编制的，因为董事会相信，本公司
2006 年内到期的银行借款均能获得银行延期支持，包括在必要时银行将提供额外的借款额度以支持
本公司拥有足够的资金满足日常经营和到期承诺的需要。
一旦本公司无法从银行获得上述之持续财务支持或其他外部资金，本公司可能无法持续经营本公司之
业务。相应地，需要进行的调整包括：对资产重新估价；计提将来可能发生的负债；将长期资产及负
债重分类为流动资产及负债。本会计报表并未包括无法持续经营而可能带来的任何调整。
八、备查文件目录
1、载有法定代表人、财务总监签名并盖章的会计报表。
2、报告期内，公司在《上海证券报》和《大公报》披露的公司文件的正本及公告原稿。
3、公司章程。
董事长：雷黎光
上海大江（集团）股份有限公司
2006 年 8 月 25 日
1
the 14th meeting of the 4th board of directors
document ix
shanghai dajiang (group) stock co., ltd.
600695
interim report 2006
2
contents
chapter i. important notice----------------------------------------------------------------------
chapter ii. company profile---------------------------------------------------------------------
chapter iii. change in share capital and particulars about shareholder------------------
chapter iv. particulars about directors, supervisors and senior executives-------------
chapter v. discussion and analysis of the management team-----------------------------
chapter vi. significant events------------------------------------------------------------------
chapter vii. financial reports (un-audited) -------------------------------------------------
chapter viii. documents available for reference--------------------------------------------
3
chapter i. important notice
1. the board of directors and all the directors of shanghai dajiang (group) stock co.,
ltd (hereinafter referred to as the company) hereby assure that there are no false
records, misleading statements or significant omissions in the materials of this report,
and that they will take both individual and joint responsibility for the authenticity,
accuracy and completeness of the content.
2. wu xinggen and shao jianguo, the directors of the company, entrusted lei
liguang, chairman of the board, to attend the board meeting and vote on behalf of
them; zhang yidi and wang xiaofeng, the directors of the company, entrusted gu
genhua, vice chairman of the board, to attend the board meeting and vote on behalf
of them.
3. the interim financial report of the company has not been audited.
4. the person in charge of the company lei liguang and the person in charge of
accounting work zang shun hereby confirm that the financial report in the interim
report is true and complete.
4
chapter ii. company profile
(i) general information
1. legal name of the company:
in chinese: 上海大江（集团）股份有限公司
abbreviation: 大江股份
in english: shanghai dajiang (group) stock co., ltd.
abbreviation: sdj
2. stock exchange for the listing of a share: shanghai stock exchange
short form of a share: *st dajiang
stock code of a share: 600695
stock exchange for the listing of b share: shanghai stock exchange
short form of b share: *st dajiang b
stock code of b share: 900919
3. registered address: no. 26, guyang rd. s., songjiang district, shanghai
office address: 7th floor, huayi building, no. 1555, lianhua road, shanghai,
china
postal code: 200233
internet website of the company: http://www.dajiang.com
e-mail: dajiang@dajiang.com
4. legal representative: mr. lei liguang
5. secretary of the board of directors: mr. gu weiwen
tel.: 86-21-34225027
fax: 86-21-34225056
e-mail: gww_sd@dajiang.com
address: 7th floor, huayi building, no. 1555, lianhua road, shanghai, china
securities affairs representative: mr. yang xuefeng
tel.: 86-21-34225030
fax: 86-21-34225056
e-mail: yangxf@dajiang.com
address: 7th floor, huayi building, no. 1555, lianhua road, shanghai, china
6. newspapers chosen by the company for disclosing the information: “shanghai
securities news” (domestic) and “ta kung pao” (overseas)
internet website designated by csrc for publishing the interim report:
http://www.sse.com.cn
the place where the interim report is prepared and placed: 7th floor, huayi
building, no. 1555, lianhua road, shanghai, china
(ii) major accounting data and indexes
5
1. major accounting data and financial indexes
unit: rmb
at the end of this
report period
at the end of the
last year
increase/decrease at the end of
this report period compared
with the end of last year（％）
current assets 713,679,425.40 634,791,277.42 12.43
current liabilities 915,208,439.58 849,724,894.12 7.71
total assets 1,144,484,999.77 1,080,890,642.12 5.88
shareholders’ equity
(excluding minority
interests)
168,781,269.76 165,407,282.70 2.04
net assets per share (rmb) 0.250 0.245 2.04
net assets per share after
adjustment (rmb)
0.169 0.170 -0.59
in the report period
(jan. to jun.)
in the same period
of last year
increase/decrease in this report
period compared with the same
period of last year (%)
net profit 7,035,323.27 -35,346,232.20 inapplicable
net profit after deducting
non-recurring gains and
losses
-26,947,254.98 -39,318,175.37 inapplicable
earnings per share (rmb) 0.01 -0.052 inapplicable
return on equity (%) 4.17 -10.16 up by 14.33 percentage points
net cash flow arising from
operating activities
55,402,518.78 7,987,732.35 593.60
2. non-recurring gains and losses deducted and the relevant amounts:
items of non-recurring gains and losses amount
gains and losses arising out of the disposal of the long-term equity
investment, fixed assets, under-construction projects, intangible
assets and other long-term assets
18,650,422.45
government subsidies 15,337,116.62
other non-operating income and expense after deducting the regular
assets depreciation reserves withdrawn by the company according
the business accounting system
-4,960.82
total 33,982,578.25
chapter iii. change in share capital and particulars about
shareholder
(i) change in shares
during the report period, the company’s total shares and the structure remained
unchanged.
6
(ii) particulars about shareholders
1. number of shareholders and shares held by them
unit: share
total number of shareholders at the end of the report period 46,706
particulars about shares held by the top ten shareholders
name of shareholder
nature of
shareholders
proportion
of the
shares
held (%)
total
number of
shares held
increase
or
decrease
in the
report
period
share type
non-circulating
shares held
shares
pledged
or frozen
1. shanghai
songjiang feed
company
state-owned
shareholder
25.43 172,003,709 0 non-circulating 172,003,709 0
2. shanghai
songjiang
livestock &
poultry
company
state-owned
shareholder
16.96 114,669,139 0 non-circulating 114,669,139 0
3. shanghai
songlin
industry &
trading
company
limited
others 0.47 3,186,612 0 non-circulating 3,186,612 unknown
4. shen anxin
foreign-funded
shareholder
0.39 2,614,200 0 circulating 0 unknown
5. jin wenzong
foreign-funded
shareholder
0.38 2,572,010 2,572,010 circulating 0 unknown
6. shi xin
foreign-funded
shareholder
0.31 2,100,000 750,000 circulating 0 unknown
7. wu min
foreign-funded
shareholder
0.31 2,088,296 2,088,296 circulating 0 unknown
8. liu yan
foreign-funded
shareholder
0.29 1,937,492 0 circulating 0 unknown
9. yangtze river
economic
co-development
(group) co., ltd.
others 0.25 1,716,000 0 non-circulating 1,716,000 unknown
10. hao feng
foreign-funded
shareholder
0.25 1,678,600 0 circulating 0 unknown
shares held by the top ten shareholders holding circulating shares
name of shareholder number of circulating shares held share type
1. shen anxin 2,614,200 domestically listed foreign shares
7
2. jin wenzong 2,572,010 domestically listed foreign shares
3. shi xin 2,100,000 domestically listed foreign shares
4. wu min 2,088,296 domestically listed foreign shares
5. liu yan 1,937,492 domestically listed foreign shares
6. hao feng 1,678,600 domestically listed foreign shares
7. wang shaoou 1,266,099 domestically listed foreign shares
8. wang yunfeng 1,155,300 domestically listed foreign shares
9. xu qinying 1,100,000 domestically listed foreign shares
10. zhou jian 1,094,100 domestically listed foreign shares
explanation on associated relationship
among the aforesaid shareholders or
concerted action
there is no related transaction or concerted action among the non-circulating legal person
shareholders of the top ten shareholders; it is not known to the company whether there is
any related transaction or concerted action among the top ten circulating shareholders.
2. change of the controlling shareholder and the actual controller
in the report period, neither the controlling shareholder nor the actual controller of the
company was changed.
chapter iv. particulars about directors, supervisors and senior
executives
(i) change of the shares held by directors, supervisors and senior executives
during the report period, the company’s shares held by directors, supervisors and
senior executives remained unchanged.
(ii) new engagement or dismissal of directors, supervisors and senior executives
the company has not newly engaged or dismissed any directors, supervisors or
senior executives in the report period.
chapter v. discussion and analysis of the management team
(i) discussion and analyses of the management team
due to the influence of the “bird flu” as well as the unexpectedly long time for the
examination and approval of the company’s reorganization, etc, the production and
operation of the company has encountered lots of difficulties in the report period.
however, with the efforts of the whole staff, the production and operation of the
company during the upper half year was kept normal, and the consolidated income
from main operations amounted to rmb 255,000,000. although there was a
large-margin loss compared with the same period of last year, the loss amount of the
main operations has been effectively controlled and the main operations have showed
signs of good developing trend. made up by the income from the government
subsidies and disposal of assets, etc, the consolidated net profit of the company made
in the 1st half year totaled rmb 7,030,000, and the target of the profit plan has been
basically achieved.
according to the requirements of the municipal government on the protection of the
water resource in the upper stream of huangpu river as well as the needs of the
operation structure adjustment, the company has basically shut down the industry of
livestock and poultry breeding in the region. to keep the “safe and trustworthy”
8
image in the heart of the consumers, the company has actively sought for and
prepared for the establishment of a new base for the breeding of meat chicken, so as
to guarantee the safety of the food by controlling the quality of the raw materials
directly. apart from this, the company has established a food r&d team,
strengthened the r&d of new products and improved the profitability of the products,
so as to make new breakthroughs in the main food operation of the company. as to
the feedstuff and machine industry, a stable profit model has been formed through
measures like increasing the scientific and technological content and optimizing the
product structure, etc. after shutting down the chicken farm, work has gone smooth in
the reposition of personnel and the disposal of the assets of the chicken farm and
relevant supporting enterprises; lots of idle assets have been cashed, which has
reduced the capital pressure on the company, enabled the company to repay part of
the bank loans and also reduced the financial expenses. the initial work of the
industrial real estate project has started, and the company has established two
industrial real estate companies handi and kechuang, making them new profit growth
points of the company.
while working hard to make profit and secure the stock listing, the company has
started to consider the development plans for the coming three years and the great
food strategy. after the accomplishment of the equity transfer by the principal
shareholder, the company will further improve its systems and mechanism, adjust the
operation structure, recreate the business mode, improve the idle assts, focus on the
overall strategy of “expanding the food operation, strengthening the feedstuff and
feedstuff machinery and optimizing assets” and make the food operation, the feedstuff
and feedstuff machinery operation and the industrial real estate operation support each
other, so as to thoroughly change the basic aspects of the company.
due to the prolonged examination and approval of the reorganization, the decrease of
cash inflow caused by the large-margin decrease of the income from main operations,
and the bank loan repayment and loan on-lending pressure each month caused by the
huge losses in two successive years, the capital chain of the company has been facing
great pressure. in this grim situation, the company has overcome these difficulties
through the efforts of the management team and by the supports of the principal
shareholder and the local government, and the operation of the company has been
pushed forward in good order.
(ii) main operations of the company and the operation status
1. main operations classified according to industries and products
unit: rmb
classified according to
industries or products
income from
main
operations
cost of main
operations
profit
ratio of
main
operations
(%)
increase
or
decrease
of income
from
main
operations
compared
increase
or
decrease
of cost
from
main
operations
compared
increase
or
decrease
of profit
ratio of
main
operations
compared
9
with the
last year
(%)
with the
last year
(%)
with the
last year
(%)
industries
feed 90,928,529.80 86,794,238.04 4.55 -51.57 -49.72
down by
3.49
percentage
points
chicken cut-up 13,607,678.04 22,037,781.79 -61.95 -92.08 -88.02
down by
54.38
percentage
points
day old chick 22,897,334.03 29,509,030.28 -28.88 -76.33 -68.13
down by
33.17
percentage
points
food processing 210,631,739.69 204,994,779.17 2.68 73.42 68.46
up by 2.87
percentage
points
feed machinery 21,823,060.37 14,217,165.97 34.85 -10.71 -3.29
down by 5
percentage
points
counteracting among all
business divisions within
the company
104,793,134.22 109,814,357.09 -4.79 -56.04 -54.47
down by
3.62
percentage
points
total 255,095,207.71 247,738,638.16 2.88 -29.86 -28.07
down by
2.43
percentage
points
the amount of related transactions of the company selling products and providing
services to the controlling shareholder and its subsidiaries in the report period
amounted to rmb 0.
2. main operations classified according to regions
unit: rmb
regions income from main operations
increase or decrease of income
from main operations
year-on-year (%)
domestic sales 240,177,029.93 -29.34
oversea sales 14,918,177.78 -37.31
3. analyses on the reasons for the significant changes in the profit breakdown
compared with last year
the net profit made in the report period amounted to rmb 7,030,000, while the net
10
profit of the last year was rmb -214,000,000. in the report period, the operating
profit of the company was rmb -40,620,000, the investment yield obtained from the
liquidation of the songxin broiler farm amounted to rmb 8,500,000, the government
subsidy for closing down the chicken farm at the upper stream of huangpu river
amounted to rmb 15,340,000, the non-operating income from the disposal of fixed
assets, etc amounted to rmb 19,870,000 and the non-operating expense amounted to
rmb 1,220,000. last year, the operating profit was rmb -176,000,000, the
investment yield obtained from the liquidation of the poultry farm amounted to rmb
8,740,000, the subsidy income amounted to rmb 3,510,000, the non-operating
income from the disposal of fixed assets, etc amounted to rmb 17,040,000 and the
non-operating expenses for the withdrawal of the depreciation reserves for fixed
assets, etc amounted to rmb 77,190,000.
(iii) investments of the company
1. in the report period, the company has neither raised any proceeds nor used any
proceeds that were raised in previous periods.
2. projects invested with non-raised proceeds
1) shanghai dajiang kechuang property co., ltd
the company has invested rmb 18 million in this project. development of the
project: investment fully accomplished. this company is till at the project
development and preparation stage, and no yield has been generated.
shanghai dajiang kechuang property co., ltd boasts a registered capital of rmb 18
million, all invested by the company. this company mainly engages in the
development and operation of real estate, consultation for enterprise management,
property management, business information service, storage (except for dangerous
commodities), and maintenance of green land, manufacture and sale of hardware parts
and the sales of construction materials.
(iv) warning and explanation on the accumulated net profit made from the beginning
of the year to the end of the next report period to be loss probably or to have
significant changes compared with the same period of last year
it is predicted that profit will be made during the period from january to september
2006, while the net profit of the same period of last year was rmb -91,230,000.
(v) explanation on the development as well as the handling of the issues involved in
the “qualified opinions” of the certified public accountants
shulun pan certified public accountants co., ltd has expressed unqualified opinions
with stressed events for the financial report 2005 of the company. they believed that
the accounting statements of the company had been compiled according to the
sustainable operation principle, and the conditions for the accounting statements were
that the company get the necessary capital support from the bank, including getting
the postponement for the overdue bank loans and extra loan lines offered by banks
when needed. through the hard efforts of the management team, the company has
basically got the postponement support from the bank for the overdue loans in the
report period.
chapter vi. significant events
11
(i) corporate governance
strictly according to the requirements of the company law, securities law, and
administrative documents about listed companies promulgated by csrc and sse, the
company consistently consummated legal person’s administration structure and
established modern enterprise system, standardized itself operation of the company
and implemented information disclosure as standards.
the company established effective channels of fully communications with all
shareholders, treated all shareholders equally, ensured all shareholders to execute
rights fully and lawfully and undertook obligations; the gathering, holding procedures,
standing orders, decision procedures, and relevant information disclosure of
shareholders’ general meeting of the company accorded with the regulations of laws,
regulations, and the articles of the association; there existed no related transactions
between the company and controlling shareholder, and related transactions tallied
with fair and reasonable principles, the information of related transactions was timely
and fully disclosed.
(ii) implementation of the profit distribution plan in the report period
the company has not drafted profit distribution plan, capital reserves to be
transferred into share capital plan or new share issuance plan that would be
implemented in the report period, nor has it made any semi-annual profit distribution
plan or capital reserves to be transferred into share capital plan.
(iii) significant lawsuits and arbitrations
the company has no any material lawsuits and arbitrations in the report period.
(iv) assets transactions
1. purchases of assets
1) on jan. 16, 2006, the company bought 25% equity of shanghai dahua devices
co., ltd from zhengda shanghai co., ltd. the book value of these assets was rmb
3,233,600, the assessed value was rmb 6,831,300 and the actual purchase price was
rmb 6,830,000. the purchase price had been set according to the assessed value of
these assets. this event was published in shanghai securities news and ta kung pao
on feb. 7, 2006. due to bad operation, shanghai dahua devices co., ltd stopped
operation in december 2004. the equity transfer by the company was mainly to tap
the idle assets of this company overall. this event had no significant influence on the
continuity of the company’s operations or the stability of the management team.
there was no related relationship between the company and zhengda shanghai co.,
ltd. this event has been fully completed.
2) the provisional meeting of the 4th board of directors held on jan. 26, 2006 decided
that the company shall accept the transfer of the 10% equity of shanghai dajiang
feedstuff co., ltd held by shanghai dajiang desheng feedstuff factory. the transfer
price was set according to the net book value of shanghai dajiang feedstuff co., ltd
as audited by dec. 31, 2005. president of the company has been authorized to carry
out the transaction. both shanghai dajiang desheng feedstuff factory and shanghai
dajiang feedstuff co., ltd are shareholding subsidiaries of the company. this event
was published in shanghai securities news and ta kung pao on feb. 7, 2006. by the
end of the report period, the equity transfer is still not finished.
12
2. sales of assets
1) on apr. 26, 2006, the company transferred the qingpu dabang broiler farm to the
shanghai junren investment management co., ltd. the book value of these assets
was rmb 1,279,300 and the net profit contributed to the listed company from the
beginning of the year to the selling day amounted to rmb -211,600. the actual
transaction price was rmb 7 million. since liquidation has not been finished, the
gains and losses thereafter shall be disclosed separately. the selling price has been set
according to the market price. this event was published in shanghai securities news
and ta kung pao on apr. 15, 2006. this event had no significant influence on the
continuity of the company’s operations or the stability of the management team. this
event has met the requirements by the municipal government on the protection of the
water resource in the upper stream of huangpu river as well as the company’s
strategy on the adjustment to the breeding operation. it will help cash the idle assets of
the company and increase cash flows.
2) on apr. 30, 2006, the company transferred qingpu zhujiangzhuang broiler farm
to shanghai zigang commerce and trade co., ltd. the book value of these assets
was rmb 1,364,100 and the net profit contributed to the listed company from the
beginning of the year to the selling day amounted to rmb -229,300. the actual
transaction price was rmb 6.9 million. since liquidation has not been finished, the
gains and losses thereafter shall be disclosed separately. the selling price has been set
according to the market price. this event was published in shanghai securities news
and ta kung pao on apr. 15, 2006. this event had no significant influence on the
continuity of the company’s operations or the stability of the management team. this
event has met the requirements by the municipal government on the protection of the
water resource in the upper stream of huangpu river as well as the company’s
strategy on the adjustment to the breeding operation. it will help cash the idle assets of
the company and increase cash flows.
3) on may 15, 2006, the company transferred songjiang xilin broiler farm to the
songjiang district maogang township agricultural techniques services center. the
book value of these assets was rmb 3,620,400 and the net profit contributed to the
listed company from the beginning of the year to the selling day amounted to rmb
-67,900. the actual transaction price was rmb 9 million. since liquidation has not
been finished, the gains and losses thereafter shall be disclosed separately. the selling
price has been set according to the market price. this event was published in
shanghai securities news and ta kung pao on apr. 15, 2006. this event had no
significant influence on the continuity of the company’s operations or the stability of
the management team. this event has met the requirements by the municipal
government on the protection of the water resource in the upper stream of huangpu
river as well as the company’s strategy on the adjustment to the breeding operation.
it will help cash the idle assets of the company and increase cash flows.
4) on may 23, 2006, the company transferred qingpu xunan broiler farm to the
shanghai rongwei investment management co., ltd. the book value of these assets
was rmb 1,264,900 and the net profit contributed to the listed company from the
beginning of the year to the selling day amounted to rmb -235,700. the actual
13
transaction price was rmb 7 million. since liquidation has not been finished, the
gains and losses thereafter shall be disclosed separately. the selling price has been set
according to the market price. this event was published in shanghai securities news
and ta kung pao on apr. 15, 2006. this event had no significant influence on the
continuity of the company’s operations or the stability of the management team. this
event has met the requirements by the municipal government on the protection of the
water resource in the upper stream of huangpu river as well as the company’s
strategy on the adjustment to the breeding operation. it will help cash the idle assets of
the company and increase cash flows.
5) on may 15, 2006, the company transferred qingpu wangjin broiler farm to the
zhujiajiao township wangjin village villager committee and the zhujiajiao
township jianxin village villager committee. the book value of these assets was
rmb 2,232,900 and the net profit contributed to the listed company from the
beginning of the year to the selling day amounted to rmb -443,600. the actual
transaction price was rmb 6.9 million. since liquidation has not been finished, the
gains and losses thereafter shall be disclosed separately. the selling price has been set
according to the market price. this event was published in shanghai securities news
and ta kung pao on apr. 15, 2006. this event had no significant influence on the
continuity of the company’s operations or the stability of the management team. this
event has met the requirements by the municipal government on the protection of the
water resource in the upper stream of huangpu river as well as the company’s
strategy on the adjustment to the breeding operation. it will help cash the idle assets of
the company and increase cash flows.
6) on jun. 1, 2006, the company transferred the songjiang chendu broiler farm to
shanghai songjiang xinbang sideline company. the book value of these assets was
rmb 3,722,000 and the net profit contributed to the listed company from the
beginning of the year to the selling day amounted to rmb -201,400. the actual
transaction price was rmb 8.5 million. since liquidation has not been finished, the
gains and losses thereafter shall be disclosed separately. the selling price has been set
according to the market price. this event was published in shanghai securities news
and ta kung pao on apr. 15, 2006. this event had no significant influence on the
continuity of the company’s operations or the stability of the management team. this
event has met the requirements by the municipal government on the protection of the
water resource in the upper stream of huangpu river as well as the company’s
strategy on the adjustment to the breeding operation. it will help cash the idle assets of
the company and increase cash flows.
7) on jun. 9, 2006, the company transferred yangzhou dajiang livestock & poultry
feedstuff co., ltd to yangzhou vocational college of environment and resources.
the book value of these assets was rmb 16,860,200 and the net profit contributed to
the listed company from the beginning of the year to the selling day amounted to
rmb -163,400. the actual transaction price was rmb 26 million. since liquidation
has not been finished, the gains and losses thereafter shall be disclosed separately. the
selling price has been set according to the market price. this event was published in
shanghai securities news and ta kung pao on aug. 25, 2005. this event had no
14
significant influence on the continuity of the company’s operations or the stability of
the management team. this event will help cash the idle assets of the company and
increase cash flows.
8) on jun. 6, 2005, the company transferred the no. 58-69 stores in the sanjiao street
of sheshan township songjiang district to the songjiang administration commission
of shanghai sheshan national tourism and vacation zone. the book value of these
assets was rmb 2,092,600 and the actual transaction price was rmb 6 million.
relevant legal and capital transfer procedures have been finished in the report period,
and the gains and losses from this transaction amounted to rmb 3,607,400. the
selling price has been set according to the market price. this event was published in
shanghai securities news and ta kung pao on feb. 28, 2005. this event had no
significant influence on the continuity of the company’s operations or the stability of
the management team. this event will help cash the idle assets of the company and
increase cash flows. this sale of assets has been fully completed.
9) on dec. 30, the company transferred songxin broiler farm to shanghai
shihudang economic development co., ltd. the book value of these assets was
rmb 3,681,300 and the actual transaction price was rmb 9 million. relevant legal
and capital transfer procedures have been finished in the report period, and the gains
and losses from this transaction amounted to rmb 8,504,900. the selling price has
been set according to the market price. this event was published in shanghai
securities news and ta kung pao on jan. 13, 2005. this event had no significant
influence on the continuity of the company’s operations or the stability of the
management team. this event has met the requirements by the municipal government
on the protection of the water resource in the upper stream of huangpu river as well
as the company’s strategy on the adjustment to the breeding operation. it will help
cash the idle assets of the company and increase cash flows. this sale of assets has
been fully completed.
note: item 8 and 9 were sales of assets of the year 2005, of which the relevant legal
and capital transfer procedures and liquidation work have been completed in the
report period.
(v) significant related transactions in the report period
1. related credits and liabilities current
unit: rmb
capital provided to
related parties by the
listed company
capital provided to the listed
company by related parties
name of related
party
relationship with the
listed company
amount balance amount balance
shanghai songjiang
feed company
controlling
shareholder
0 34,986,724.59 0 0
shanghai songjiang
livestock & poultry
company
shareholding
shareholder
0 22,491,149.73 0 0
total / 0 57,477,874.32 0 0
in the report period, the capital provided by the listed company to the controlling
15
shareholder and its subsidiaries totaled rmb 0, and the balance was rmb
34,986,724.59.
reason for the arising of these related credits and liabilities:
promoter shareholders of the company shanghai songjiang feed company, shanghai
songjiang livestock & poultry company and zhengda shanghai co., ltd decided to
cash for the balance of the assets inapplicable to appreciation after the long-term
investment appraisal that has not been amortized and amounted to rmb
124,955,748.63, of which rmb 37,486,724.59 would be cashed by shanghai
songjiang feed company, rmb 24,991,149.73 by shanghai songjiang livestock &
poultry company and rmb 62,477,874.31 by zhengda shanghai co., ltd. on dec.
21, 2000, the three promoter shareholders signed agreements with the company
respectively, promising to transfer the capital within 5 years since the agreement
signing day.
on apr. 18, jun. 17 and jul. 25, 2002, zhengda shanghai co., ltd repaid its debts,
amounting to usd 3.8 million (rmb 31,453,360 after conversion), usd 2 million
(rmb 16,553,800 after conversion) and rmb 14,470,714.31, and all these amounts
totaled rmb 62,477,874.31. up to this time, zhengda shanghai repaid all its debts
owed to the company. on nov. 14, 2003, shanghai songjiang feed company and
shanghai songjiang livestock & poultry company repaid the company rmb 2.5
million respectively. by dec. 31, 2005, the balance of the debts owed by these two
promoter shareholders amounted to rmb 57,477,874.32, of which rmb
34,986,724.59 was owed by shanghai songjiang feed company and rmb
22,491,149.73 by shanghai songjiang livestock & poultry company. since the ages
of these debts owed by shareholders have reached 5 years, the company has
withdrawn bad debt reserves by 20% according to the principles for the withdrawal of
bad debt reserves, amounting to rmb 11,495,574.86.
clearing of the related credits and liabilities:
no credits were cleared in the report period.
commitments concerning related credits and liabilities:
right now, the principal shareholders of the company are working on the equity
transfer issues. shanghai songjiang feed company and shanghai songjiang
livestock & poultry company have promised to repay the debts owed to the
company with the capital obtained from the transfers of state-owned equity within 10
work days after the official transfer of the equity ownership.
influences of the related credits and liabilities on the achievements and financial
status of the company:
the aforesaid debts have no significant influences on the achievements and financial
status of the company.
capital occupations in the upper half year of 2006 and clearing progress
balance of non-operating
capital of the listed company
occupied by the principal
shareholder and its affiliated
companies (rmb’0000)
total amount cleared
this period
(rmb’0000)
mode of
clearing
amount cleared
(rmb’0000)
time of
clearing
(month)
16
at the
beginning of
the period
at the end of
the period
5747.78 5747.78 0 0
non-operating capital of the
listed company occupied by the
principal shareholder and its
subsidiaries and detailed
explanation on clearing
originally the company estimated that the capital occupied by the principal
shareholder could be cleared in july 2006. according to the actual
development of the examination and approval for the transfer of state-owned
shares, the company now expects the principal shareholder to finish the
clearing of the occupied capital in august.
timetable for the clearing of non-operating capital occupation in the 2nd half year:
planned time for
repayment
clearing mode
amount to be cleared
(rmb’0000)
note
at the end of august 2006
clearing with the income
from the equity transfer
5747.78
total -- 5747.78 --
(vi) trusts
the company has no trusts in the report period.
(vii) contracting
the company has made no contracting in the report period.
(viii) leases
the company has no leases in the report period.
(ix) guarantees
unit: rmb’0000
external guarantees of the company (excluding guarantees for shareholding subsidiaries)
total guarantee amount occurred in the report period 0
total guarantee balance at the end of the report period 0
guarantees for shareholding subsidiaries by the company
total guarantee amount occurred in the report period for shareholding subsidiaries 3,050
total guarantee balance at the end of the report period for shareholding subsidiaries 7,500
total guarantee amount of the company (including guarantees for shareholding subsidiaries)
total guarantee amount (a+b) 7,500
proportion of the company’s net assets taken by the total guarantee amount 44.44
including:
guarantee amount for shareholders, the actual controller and their related parties 0
guarantee amount for the debts of the guaranteed companies with an asset-liability ratio
of over 70 percent, directly or indirectly
0
the amount by which the total guarantee amount exceeded 50 percent of the net assets 0
total amount of aforesaid three types of guarantees 0
(x) entrustment of finance management
the company has not entrusted others with finance management in the report period.
(xi) implementation of the commitments
neither the company nor shareholders holding over 5% shares have made any
commitments in the report period or have any commitments made in previous periods
17
and lasting into the report period.
explanation on the time arrangements for the share merger reform by companies
that have not carried out the reform:
as approved by the state-owned legal person shareholders shanghai songjiang feed
company and shanghai songjiang livestock & poultry company, luting (hong
kong) co., limited as the main proponent and real quid pro quo payer had formulated
the share merger reform plan. the share merger reform plan was published on nov.
28, 2005, and public notices on the communications and deliberations on the share
merger reform plan and the adjusted share merger reform plan were published on
dec. 7, 2005. on dec. 28, 2005, the share merger reform plan of the company was
approved by relevant shareholders’ general meeting of the a-share market. for the
implementation of the company’s share merger reform plan, csrc had agreed to
exempt luting (hong kong) co., limited from the preconditions of offer purchase
duty reply (accomplishment of equity transfer) and the reply from the ministry of
commerce on approving the equity changes. by the end of the report period, luting
(hong kong) co., limited has been handling the exemption of examination and
approval issue at the csrc.
(xii) engagement and dismissal of certified public accountants
in the report period, the company has not changed the certified public accountants.
the current domestic auditing agency of the company is shulun pan certified public
accountants co., ltd and the overseas auditing agency is horwath certified public
accountants.
(xiii) punishment received by the company, the board or directors as well as
rectifications
in the report period, neither the company nor the board or its directors have been
inspected by or received any administrative punishment or notice of criticism from the
csrc, or have been criticized publicly by the shenzhen stock exchange.
(xiv) other significant events
there is no other significant event in the report period.
(xv) indexes to the information disclosure
events
newspapers or magazines
published in and pages
publishing date
website published on and the
url
public notice on the closing down of the
poultry breeding farms in the water
source protection zone at the upper
stream of huangpu river
shanghai securities news,
ta kung pao
feb. 7, 2006 website of shanghai stock
exchange www.sse.com.cn
public notice on the resolutions made at
the provisional meeting of the 4th board
of directors
shanghai securities news,
ta kung pao
feb. 7, 2006 website of shanghai stock
exchange www.sse.com.cn
public notice on the guarantee provided
by a shareholding subsidiary for the
parent company
shanghai securities news,
ta kung pao
feb. 7, 2006 website of shanghai stock
exchange www.sse.com.cn
public notice on the guarantees
provided by the parent company for the
shanghai securities news,
ta kung pao
mar. 15, 2006 website of shanghai stock
exchange www.sse.com.cn
18
shareholding subsidiaries
public notice on the guarantee provided
by a shareholding subsidiary for the
parent company
shanghai securities news,
ta kung pao
mar. 25, 2006 website of shanghai stock
exchange www.sse.com.cn
public notice on the resolutions made at
the 12th plenary meeting of the 4th board
of directors
shanghai securities news,
ta kung pao
apr. 15, 2006 website of shanghai stock
exchange www.sse.com.cn
public notice on the resolutions made at
the 10th plenary meeting of the 4th
supervisory committee
shanghai securities news,
ta kung pao
apr. 15, 2006 website of shanghai stock
exchange www.sse.com.cn
public notice on the special treatment
for the warning on delisting risk of the
company’s stock
shanghai securities news,
ta kung pao
apr. 17, 2006 website of shanghai stock
exchange www.sse.com.cn
public notice on the development of the
share merger reform of the company
shanghai securities news apr. 21, 2006 website of shanghai stock
exchange www.sse.com.cn
public notice supplementary to the
annual report 2005
shanghai securities news,
ta kung pao
apr. 28, 2006 website of shanghai stock
exchange www.sse.com.cn
public notice on the development of the
share merger reform of the company
shanghai securities news apr. 28, 2006 website of shanghai stock
exchange www.sse.com.cn
public notice on the resolutions made at
the 13th plenary meeting of the 4th board
of directors
shanghai securities news,
ta kung pao
apr. 29, 2006 website of shanghai stock
exchange www.sse.com.cn
public notice on the guarantees among
the shareholding subsidiaries
shanghai securities news,
ta kung pao
may 9, 2006 website of shanghai stock
exchange www.sse.com.cn
public notice on the guarantees
provided by the parent company for the
shareholding subsidiaries
shanghai securities news,
ta kung pao
may 12, 2006 website of shanghai stock
exchange www.sse.com.cn
public notice on the development of the
share merger reform of the company
shanghai securities news may 12, 2006 website of shanghai stock
exchange www.sse.com.cn
public notice supplementary to the 1st
quarterly report 2006
shanghai securities news,
ta kung pao
may 13, 2006 website of shanghai stock
exchange www.sse.com.cn
public notice on the development of the
share merger reform of the company
shanghai securities news may 18, 2006 website of shanghai stock
exchange www.sse.com.cn
public notice on the guarantees among
the shareholding subsidiaries and the
loan extension of shareholding
subsidiaries
shanghai securities news,
ta kung pao
may 18, 2006 website of shanghai stock
exchange www.sse.com.cn
public notice on the convening of the
shareholders’ general meeting 2005
shanghai securities news,
ta kung pao
may 25, 2006 website of shanghai stock
exchange www.sse.com.cn
public notice on the development of the
share merger reform of the company
shanghai securities news may 25, 2006 website of shanghai stock
exchange www.sse.com.cn
public notice on the development of the
share merger reform of the company
shanghai securities news jun. 2, 2006 website of shanghai stock
exchange www.sse.com.cn
public notice on the abnormal shanghai securities news, jun. 2, 2006 website of shanghai stock
19
fluctuation in stock trading ta kung pao exchange www.sse.com.cn
public notice on the loan provided to
the company by the buyer luting (hong
kong) co., limited
shanghai securities news,
ta kung pao
jun. 6, 2006 website of shanghai stock
exchange www.sse.com.cn
public notice on the development of the
share merger reform of the company
shanghai securities news jun. 12, 2006 website of shanghai stock
exchange www.sse.com.cn
public notice on the abnormal
fluctuation in stock trading
shanghai securities news,
ta kung pao
jun. 12, 2006 website of shanghai stock
exchange www.sse.com.cn
public notice on the resolutions made at
the 14th shareholders’ general meeting
(2005)
shanghai securities news,
ta kung pao
jun. 30, 2006 website of shanghai stock
exchange www.sse.com.cn
public notice on the board of directors
and the supervisory committee
continuing to perform their duties after
the expiration of the office term
shanghai securities news,
ta kung pao
jun. 30, 2006 website of shanghai stock
exchange www.sse.com.cn
chapter vii. financial reports (un-audited)
(i) financial statements
balance sheet
jun. 30, 2006
compiled by shanghai dajiang (group) stock co., ltd unit: rmb
note consolidation parent company
item
consolidation
parent
company
amount at the
end of the report
period
amount at the
beginning of the
report period
amount at the
end of the
report period
amount at the
beginning of
the report
period
current
assets:
monetary
assets
104,669,546.92 109,890,884.50 29,395,197.30 28,773,601.48
short-term
investments
362,500.00 320,018.80 289,230.00 241,798.80
notes
receivable
512,000.00
dividends
receivable
interest
receivable
accounts
receivable
63,982,978.74 49,112,728.17 20,178,229.92 20,870,720.16
other 104,152,567.85 72,424,494.58 238,825,824.67 185,003,085.78
20
accounts
receivable
prepayments 16,205,849.21 8,244,413.03 519,040.44 23,000.00
allowance
receivable
1,038,703.09 1,038,703.09
inventories 422,643,061.76 392,955,815.83 42,432,596.19 49,798,157.52
deferred and
prepaid
expenses
1,150,920.92 804,219.42 297,207.87 213,761.13
long-term
equity
investments
due within
one year
other current
assets
total current
assets
713,679,425.40 634,791,277.42 331,937,326.39 285,962,827.96
long-term
investments:
long-term
equity
investments
104,513,550.18 104,646,699.66 377,472,249.55 365,853,533.97
long-term
investments
on bonds
total
long-term
investments
104,513,550.18 104,646,699.66 377,472,249.55 365,853,533.97
including:
consolidation
difference
including:
equity
investment
difference
-8,958,535.96 -9,254,710.34 -8,958,535.96 -9,254,710.34
fixed assets:
original
value of fixed
assets
895,876,605.05 966,396,937.61 178,087,510.68 193,498,330.50
less:
accumulated
depreciation
550,521,353.21 587,297,252.41 98,639,927.69 107,614,919.79
21
net value of
fixed assets
345,355,251.84 379,099,685.20 79,447,582.99 85,883,410.71
less:
depreciation
reserves for
fixed assets
69,232,356.89 78,199,420.27 18,710,505.93 20,404,921.37
net amount
of fixed assets
276,122,894.95 300,900,264.93 60,737,077.06 65,478,489.34
project
materials
construction
in progress
4,302,202.03 1,870,745.33 116,209.32 15,300.00
disposal of
fixed assets
288,979.12
total fixed
assets
280,714,076.10 302,771,010.26 60,853,286.38 65,493,789.34
intangible
assets and
other assets:
intangible
assets
40,498,242.21 36,064,899.89 19,240,000.00 20,300,000.00
long-term
deferred
assets
5,079,705.88 2,616,754.89
other
long-term
assets
total
intangible
assets and
deferred
assets
45,577,948.09 38,681,654.78 19,240,000.00 20,300,000.00
deferred
taxes:
deferred
taxes - debits
total assets 1,144,484,999.77 1,080,890,642.12 789,502,862.32 737,610,151.27
current
liabilities:
short-term
loans
452,500,000.00 494,000,000.00 315,500,000.00 330,500,000.00
notes payable
accounts 29,170,613.66 55,243,822.82 13,367,849.34 16,479,202.53
22
payable
deposit
received
244,721,519.54 119,730,922.56 8,850,839.13 8,713,792.58
payroll
payable
3,118,728.40 6,293,365.83 41,530.00
welfare
payable
9,103,191.92 9,067,454.93
dividends
payable
49,887.50 49,887.50 49,887.50 49,887.50
taxes payable -182,230,322.98 -178,969,645.45 -164,975,261.89 -170,065,732.43
others
payable to
government
425,384.06 1,145,214.10
other
payables
237,992,875.38 230,138,933.41 408,290,278.32 353,354,797.87
accrued
expense
10,321,116.81 2,989,493.13 3,244,410.82 1,147,168.52
estimated
liabilities
long-term
liabilities due
within one
year
107,000,000.00 107,000,000.00
other current
liabilities
3,035,445.29 3,035,445.29
total current
liabilities
915,208,439.58 849,724,894.12 584,369,533.22 540,179,116.57
long-term
liabilities:
long-term
loans
20,000,000.00 20,000,000.00
bonds
payable
long-term
payables
specific
payables
other
long-term
liabilities
total
long-term
liabilities
20,000,000.00 20,000,000.00
23
deferred
taxes:
deferred
taxes – credits
total
liabilities
935,208,439.58 869,724,894.12 584,369,533.22 540,179,116.57
minority
shareholders’
equity
40,495,290.43 45,758,465.30
owners’
equity (or
shareholders’
equity):
paid-up
capital (or
share capital)
676,305,696.00 676,305,696.00 676,305,696.00 676,305,696.00
less:
investment
returned
net paid-up
capital (or
share capital)
676,305,696.00 676,305,696.00 676,305,696.00 676,305,696.00
capital
reserves
229,469,396.46 229,469,396.46 245,642,526.94 245,642,526.94
surplus
reserves
91,379,978.21 91,379,978.21 77,749,737.49 77,749,737.49
including:
statutory
welfare
reserve
31,526,662.28 31,526,662.28 29,329,166.61 29,329,166.61
retained
profit
-806,659,445.11 -813,394,768.38 -794,564,631.33 -802,266,925.73
cash
dividend
planned to
distribute
foreign
currency
translation
difference
less:
unconfirmed
investment
21,714,355.80 18,353,019.59
24
losses
total owners’
equity (or
shareholders’
equity)
168,781,269.76 165,407,282.70 205,133,329.10 197,431,034.70
total
liabilities and
owners’
equity (or
shareholders’
equity)
1,144,484,999.77 1,080,890,642.12 789,502,862.32 737,610,151.27
legal representative: lei liguang cfo: zang shun tabulator: pan leiping
income statement
january – june 2006
compiled by shanghai dajiang (group) stock co., ltd unit: rmb
note consolidation parent company
items
consolidation
parent
company
amount of the
report period
amount of the
same period last
year
amount of the
report period
amount of the
same period last
year
i. revenue from
main operations
255,095,207.71 363,706,355.93 155,030,467.11 302,728,463.07
less: cost of main
operations
247,738,638.16 344,399,866.51 155,917,547.56 304,494,712.48
taxes and
surcharges on
main operations
133,206.82 297,776.24
ii. profit from
main operations
(losses listed with
“-”)
7,223,362.73 19,008,713.18 -887,080.45 -1,766,249.41
add: profit from
other operations
(losses listed with
“-”)
1,683,020.08 2,150,301.28 -225,143.37 -541,274.90
less: operating
expenses
16,377,459.10 12,428,589.70 4,479,816.64 4,362,182.03
management
expenses
16,527,606.11 30,992,894.47 6,265,808.88 8,868,307.80
finance expenses 16,621,586.98 14,949,149.56 13,203,242.67 11,935,834.00
iii. operating
profit (losses
-40,620,269.38 -37,211,619.27 -25,061,092.01 -27,473,848.14
25
listed with “-”)
add: investment
income (losses
listed with “-”)
8,419,214.57 -440,326.81 12,857,806.41 -12,379,236.12
subsidy income 15,337,116.62 2,064,576.00 14,450,000.00 1,370,656.00
non-operating
income
19,866,799.08 2,199,108.11 6,372,071.49 2,087,320.42
less:
non-operating
expenses
1,221,337.45 291,740.94 916,491.49 221,870.11
iv. total profit
(losses listed with
“-”)
1,781,523.44 -33,680,002.91 7,702,294.40 -36,616,977.95
less: income tax 666,697.61 1,385,492.08
less: minority
gains and losses
-2,559,161.23 890,057.28
add:
unconfirmed
investment losses
(consolidated
statement list)
3,361,336.21 609,320.07
v. net profit
(losses listed with
“-”)
7,035,323.27 -35,346,232.20 7,702,294.40 -36,616,977.95
add: retained
profit at the
beginning of the
year
-813,394,768.38 -599,415,063.07 -802,266,925.73 -581,527,809.34
other transfer-ins
vi. profit
available for
distribution
-806,359,445.11 -634,761,295.27 -794,564,631.33 -618,144,787.29
less: statutory
surplus reserves
withdrawn
statutory welfare
reserves
withdrawn
employees’
bonus and welfare
funds withdrawn
(consolidated
statement list)
26
reserve fund
withdrawn
enterprise
development fund
withdrawn
profit returned
into investment
vii. profit
available to be
distributed to
shareholders
-806,359,445.11 -634,761,295.27 -794,564,631.33 -618,144,787.29
less: dividends
for preference
shares payable
discretionary
surplus reserves
withdrawn
dividends for
ordinary shares
payable
dividends for
ordinary shares
converted into
share capital
others 300,000.00
viii. retained
profit (losses not
made up listed
with “-”)
-806,659,445.11 -634,761,295.27 -794,564,631.33 -618,144,787.29
supplementary
materials:
1. income from
the sales or
disposal of
departments or
invested units
2. losses arising
out of natural
disasters
3. increase (or
decrease) of the
total profit due to
changes of the
accounting
27
policies
4. increase (or
decrease) of the
total profit due to
changes of the
accounting
estimations
5. losses arising
from debt
reorganization
6. others
legal representative: lei liguang cfo: zang shun tabulator: pan leiping
cash flow statement
january – june 2006
compiled by shanghai dajiang (group) stock co., ltd unit: rmb
notes
items
consolidation
parent
company
consolidated amount
amount of the parent
company
i. cash flows arising from
operating activities:
cash received from selling
products and providing services
350,397,153.72 259,420,034.03
tax rebate received 121,962.40
other cash received concerning
operating activities
61,149,023.79 59,081,287.42
subtotal of cash inflow 411,668,139.91 318,501,321.45
cash paid for purchase of products
and services
288,886,845.24 253,378,054.12
cash paid to/for employees 24,977,004.19 7,833,687.48
taxes paid 14,464,777.10 1,608,417.99
other cash paid concerning
operating activities
27,936,994.60 15,184,575.15
subtotal of cash outflow 356,265,621.13 278,004,734.74
net cash flows arising from
operating activities
55,402,518.78 40,496,586.71
ii. cash flows arising from
investing activities:
cash received from withdrawal of
investment
including: cash received from
selling subisidiaries
cash received from investment
28
income
net cash received from disposal of
fixed assets, intangible assets and
other long-term assets
11,847,340.51 4,301,661.00
other cash received relating to
investing activities
subtotal of cash inflow 11,847,340.51 4,301,661.00
cash paid for the purchase or
construction of fixed assets,
intangible assets and other
long-term assets
14,999,772.44 110,700.00
cash paid for investment 18,000,000.00
other cash paid relating to
investing activities
subtotal of cash outflow 14,999,772.44 18,110,700.00
net cash flows arising from
investing activities
-3,152,431.93 -13,809,039.00
iii. cash flows arising from
financing activities:
cash received from obtaining
investment
including: cash of equity
investment received by
subsidiaries
cash received from loans 208,000,000.00 157,500,000.00
other cash received relating to
financing activities
subtotal of cash inflow 208,000,000.00 157,500,000.00
cash paid for debts 249,500,000.00 172,500,000.00
cash paid for dividends, profit
distribution or interest repayment
15,971,424.43 11,065,951.89
including: dividend paid to
minority shareholders
other cash paid relating to
financing activities
including: cash paid by
subsidiaries during legal
investment reduction to minority
shareholders
subtotal of outflow 265,471,424.43 183,565,951.89
net cash flows arising from
financing activities
-57,471,424.43 -26,065,951.89
iv. influence on cash due to
29
fluctuation in exchange rate
v. net increase in cash and cash
equivalents
-5,221,337.58 621,595.82
supplementary materials
1. transferring net profit into cash
flows of operating activities:
net profit 7,035,323.27 7,702,294.40
add: minority interests (losses
listed with “-”)
-2,559,161.23
less: unconfirmed investment
losses
3,361,336.21
add: assets depreciation reserves
withdrawn
-20,949,562.94 -7,068,171.39
depreciation of fixed assets 16,863,388.02 2,478,082.76
amortization of intangible assets 1,343,033.58 1,060,000.00
amortization of long-term prepaid
expenses
decrease in prepaid expenses
(less: increase)
-346,701.50 -83,446.74
increase in accrued expenses
(less: decrease)
7,331,623.68 2,097,242.30
loss from disposal of fixed assets,
intangible assets and other
long-term assets (less: income)
-18,630,209.76 -5,450,500.21
loss on disposal of fixed assets 10,644.21
financial expenses 16,279,054.90 13,203,242.67
investment loss (less: income) -8,419,214.57 -12,857,806.41
deferred tax-credits (less: debits)
decrease of inventories (less:
increase)
-16,470,246.12 13,723,600.95
decrease in operating receivables
(less: increase)
-55,314,988.38 -35,619,300.87
increase in operating payables
(less: decrease)
132,590,871.83 61,311,349.25
others
net cash flows arising from
operating activities
55,402,518.78 40,496,586.71
2. investing and financing
activities without cash movement:
capital converted from debts
convertible bonds due within one
year
30
fixed assets acquired through
financing lease
3. net increase (decrease) in cash
and cash equivalents:
ending balance of cash 104,669,546.92 29,395,197.30
less: beginning balance of cash 109,890,884.50 28,773,601.48
add: ending balance of cash
equivalents
less: beginning balance of cash
equivalents
net increase in cash and cash
equivalents
-5,221,337.58 621,595.82
legal representative: lei liguang cfo: zang shun tabulator: pan leiping
consolidated assets depreciation reserve statement
january – june 2006
compiled by shanghai dajiang (group) stock co., ltd unit: rmb
decrease in the report period
item
balance at the
beginning of
the period
increase in
the report
period
amount
written back
due to
appreciation
of assets
value
amount
transferred
out due to
other
reasons
subtotal
balance at the
end of the
period
total bad debt
reserves
99,252,771.82 1,295,720.25 13,788.80 13,788.80 100,534,703.27
including:
accounts
receivable
71,971,361.92 752,228.20 13,788.80 13,788.80 72,709,801.32
other accounts
receivable
27,281,409.90 543,492.05 27,824,901.95
total depreciation
reserves for
short-term loans
47,431.20 47,431.20 47,431.20
including:
securities
investment
47,431.20 47,431.20 47,431.20
bond investment
total depreciation
reserves for
inventories
23,496,232.11 1,934,168.11 15,151,167.92 15,151,167.92 10,279,232.30
including:
inventories
20,574,681.74 14,984,963.66 14,984,963.66 5,589,718.08
31
raw materials 1,963,832.53 1,934,168.11 3,898,000.64
packing materials 855,518.71 99,106.19 99,106.19 756,412.52
low-value and
easy-consumption
articles
102,199.13 67,098.07 67,098.07 35,101.06
total depreciation
reserves for
long-term
investments
1,229,623.23 1,229,623.23
including:
long-term equity
investment
1,229,623.23 1,229,623.23
long-term bond
investment
total depreciation
reserves for fixed
assets
78,199,420.27 338,840.82 9,305,904.20 9,305,904.20 69,232,356.89
including:
buildings
25,497,479.29 6,000,865.98 6,000,865.98 19,496,613.31
machinery
equipment
21,270,892.95 338,840.82 2,497,704.99 2,497,704.99 19,112,028.78
electronic
equipment
transportation
equipment
4,070.00 4,070.00
other equipment 31,426,978.03 807,333.23 807,333.23 30,619,644.80
depreciation
reserves for
intangible assets
including: patent
right
trademark right
depreciation
reserves for
under-construction
projects
2,131,525.50 2,131,525.50
depreciation
reserves for
entrusted loans
total assets
depreciation
204,357,004.13 3,568,729.18 15,198,599.12 9,319,693.00 24,518,292.12 183,407,441.19
legal representative: lei liguang cfo: zang shun tabulator: pan leiping
32
assets depreciation reserve statement of the parent company
january – june 2006
compiled by shanghai dajiang (group) stock co., ltd unit: rmb
decrease in the report period
item
balance at the
beginning of
the period
increase in
the report
period
amount
written
back due to
appreciation
of assets
value
amount
transferred
out due to
other
reasons
subtotal
balance at the
end of the
period
total bad debt
reserves
93,607,727.36 1,045,403.61 13,688.74 13,688.74 94,639,442.23
including:
accounts
receivable
57,905,525.19 13,688.74 13,688.74 57,891,836.45
other accounts
receivable
35,702,202.17 1,045,403.61 36,747,605.78
total depreciation
reserves for
short-term loans
47,431.20 47,431.20 47,431.20
including:
securities
investment
47,431.20 47,431.20 47,431.20
bond investment
total depreciation
reserves for
inventories
14,628,864.81 2,570,654.99 8,928,694.61 8,928,694.61 8,270,825.19
including:
inventories
14,430,056.93 8,928,694.61 8,928,694.61 5,501,362.32
raw materials 198,807.88 2,570,654.99 2,769,462.87
packing materials
low-value and
easy-consumption
articles
total depreciation
reserves for
long-term
investments
1,229,623.23 1,229,623.23
including:
long-term equity
investment
1,229,623.23 1,229,623.23
long-term bond
investment
33
total depreciation
reserves for fixed
assets
20,404,921.37 1,694,415.44 1,694,415.44 18,710,505.93
including:
buildings
8,211,867.45 8,211,867.45
machinery
equipment
9,870,522.99 1,427,533.47 1,427,533.47 8,442,989.52
electronic
equipment
966,743.18 31,949.46 31,949.46 934,793.72
transportation
equipment
4,070.00 4,070.00
other equipment 1,351,717.75 234,932.51 234,932.51 1,116,785.24
depreciation
reserves for
intangible assets
including: patent
right
trademark right
depreciation
reserves for
under-construction
projects
175,200.00 175,200.00
depreciation
reserves for
entrusted loans
total assets
depreciation
130,093,767.97 3,616,058.60 8,976,125.81 1,708,104.18 10,684,229.99 123,025,596.58
legal representative: lei liguang cfo: zang shun tabulator: pan leiping
return on equity and earnings per share as calculated according to the requirements in
the editing and reporting rules regarding information disclosure for companies
publicly issuing securities document no. 9 issued by the csrc:
unit: rmb
return on equity (%) earnings per share
profit of the report period fully
diluted
weighted
average
fully
diluted
weighted
average
profit from main operations 4.28 4.28 0.01 0.01
operating profit -24.07 -24.05 -0.06 -0.06
net profit 4.17 4.16 0.01 0.01
net profit after deducting non-recurring
gains and losses
-15.97 -15.95 -0.04 -0.04
(ii) the main accounting policies, accounting estimations and methods for preparing the
34
consolidated financial statements
1. accounting regulations
the company strictly performs “accounting standards for business enterprises” and
“accounting system for business enterprises” and the related supplements regulations.
2. fiscal year
the company’s fiscal year starts on 1 january and ends on 31 december.
3. recording currency
the company uses renminbi as the reporting currency.
4. basis of accounting record and valuation principle
the company adopts the accrual system as the accounting basis.
5. foreign currency translation
foreign currency transactions are translated into renminbi at the market exchange rate
(average) published by people’s bank of china in the first day of the month of incurrence.
the balance in the foreign currency account at the period-end is adjusted according to the
market exchange rate (average) at the period-end. translation difference of special loan
account in foreign currency is capitalized according to the regulations during the special
time before the fixed assets purchased/constructed have reached the predicted status of
application, and is stated in cost of constructions-in-progress. other translation difference
of foreign currency is stated in financial expenses. translation difference formed from the
difference currency exchange is reckoned into financial expenses.
6. definition of cash equivalents
cash equivalent refers to the investment with short term (due within 3 months from the
purchase date), strong liquidity, easy to be converted into cash with given amount and
low risk of value fluctuation.
7. accounting method for short-term investments
(1) method for valuation of short-term investment
short-term investment is stated with the actual payment at the time of investment (less
the cash dividends which have been announced for distribution but not actually received,
or the bond interest due for payment but not yet received) and the relevant taxes. entry
value of short-term investment using as a debt paid by debtor at the time of debt
reorganization is confirmed based on book value of debt receivables; entry value of
short-term investment transferred-in using non-cash transaction is confirmed based on
book value of assets transferred-out.
(2) reserve for price falling of short-term investment and provision method
reserve for price falling of short-term investment is provided or adjusted based on the
lower between the cost and the closing price at the end of semi-annual period and at
the end of year.
reserve for price falling is provided based on the single investment.
(3) method for recognizing of short-term investment income
short-term investment in disposal is recognized as the investment income. the dividend and
interest which have been received during the period of holding are used to offset the
investment costs and the relevant items receivable.
8. accounting method for bad debts losses from account receivable
standard for recognizing of bad debts: accounts receivable are impossible to be
35
recovered after discharge in line with the legal procedure due to the withdrawal or
bankruptcy of the debtor; accounts receivable are impossible to be recovered without the
property of legacy or obligor due to the death of the debtor; a debtor fails to implement
the obligation of repayment of the overdue debts and some conclusive evidence shows
that it is impossible to recover the account receivable. the above accounts receivable are
impossible to be recovered are written off after approval according to the company’s
management purview.
calculation of the loss from doubtful debts: loss from the bad doubtful debts is stated by
allowance method. the company provides the reserve for doubtful debts for accounts
receivable (including accounts receivable and other accounts receivable) by aging
method:
aging method
age
withdrawal proportion for the
accounts receivable (%)
withdrawal proportion for
other account receivable (%)
within 1 year 3 3
1 to 2 years 10 10
2 to 3 years 15 15
over 3 years 20 20
for accounts existing obvious bad debts risk, the company recognizes and provides
the reserve for bad debts without aging as limit.
9. accounting method for inventories
(1) classification of inventories
the company classifies its inventories into: materials on the way, raw materials,
packing materials, low-value consumption goods, goods in process, finished goods
and developing cost, etc..
(2) pricing of inventories purchased and delivered
inventories are calculated at their actual cost at the time of purchase, while they are
calculated based on weighted average method except for finished products at the time
of delivered. finished products are calculated based on standard costs, the difference
between the actual costs and standard costs are amortized between selling products
and merchandise products based on the weighted average method at the end of the
month, which adjusted the standards costs into the actual costs. inner transfer products
are calculated based on standard costs; the relevant transfer differences are carried
forward together with the transfer products, which adjusted the standard costs into the
actual costs.
the entry price of inventories using as a debt paid by debtor at the time of debt
reorganization is confirmed based on book value of debts receivable; the entry value
of inventories transferred-in using non-cash transaction is confirmed based on book
value of assets transferred-out.
(3) amortization of low-value consumption goods and packing materials
the low value consumption goods are amortized on once-and-for-all basis when they
are taken out.
36
the packing materials are amortized on once-and for-al basis when they are taken out.
(4) stock-taking system
the company adopts the perpetual inventory method for its inventory system.
(5) method for the withdrawal of depreciation reserves for inventories
at the end of each interim or the end of a year, inventories shall be checked, and
depreciation reserves shall be withdrawn according to the lower of the cost or the net
realizable value of the inventories. depreciation reserves for inventories shall be
withdrawn according to each single inventory item.
10. accounting method of long-term investment
(1) recording method of acquisition
lon-term investment is recorded as original investment costs at acquisition, including
relevant taxes and commission etc.. the entry value of equity investment the debtor
mortgaged arising from debts reorganization would be confirmed based on the book
value of creditor receivable; the entry value of equity investment exchanged-in in
non-monetary transaction would be confirmed based on the exchanged-out assets.
(2) accounting method of long-term equity investment
the long-term equity investment on the investees, which the company had no control,
no common control and no material influence on, would be accounted with cost
method; the long-term equity investment on the investees, which the company had
control, or common control or material influence on, would be accounted with equity
method.
when using equity method to account long-term equity investment, the confirmed
equity investment differences that the original investment costs surpassed net assets
shares of the investees, would be averagely amortized in the investment period if the
contract regulated investment period, and if not would be averagely amortized in ten
years. if the initial investment cost is lower than the share of net assets of the invested
unit enjoyed, the balance shall be recorded in public reserves (equity investment
reserves). the credit balance of equity investment difference that occurred before ck
[2004] document no. 3 becoming valid shall be amortized according to the original
rules. the credit balance of equity investment difference of succeeding investments
shall be handled according to ck [2004] document no. 3.
(3) accounting method of long-term debt investment
in the end of metaphase or end of year, interests of long-term debt investment would
be withdrawn according to interest rate regulated in the contract or face interest rate of
bonds and premium or discount of bonds investment would be amortized according to
straight-line method.
(4) withdrawing impairment loss of long-term investment
in the end of metaphase or end of year, based on differences that estimated recovery
amount lower the book value of long-term investment, impairment losses of long-term
investment would be withdrawn. from the year 2004, when withdrawing the
depreciation reserves for long-term investments, the equity investment differences
that have happened in previous years shall be handled according to ck [2004]
document no. 3.
impairment loss of long-term investment would be confirmed as individual
37
investment project.
11. pricing method, depreciation method and the method for the withdrawal of
depreciation reserves for fixed assets
(1) pricing method and depreciation method for fixed assets
fixed assets refers to the tangible assets with using period over one year and
comparatively high unit value, held for producing commodities, providing labor
service, leasing or operation management.
fixed assets shall be recorded in book with the actual cost at the time of the
acquisition, and starting from the next month after the fixed assets are available for
expected use, depreciation reserves shall be withdrawn for them according to the
straight-line method (the average per year method).
the estimated residual value ratio, depreciation term and annual depreciation ratio of
various fixed assets are as follows:
type of fixed assets depreciation term (year)
net residual value ratio
(%)
annual depreciation ratio
(%)
production building 20 10 4.5
machinery equipment 10 10 9
electronic equipment 5 10 18
transportation equipment 5 10 18
1. standards of fixed assets:
fixed assets refers to the tangible assets with using period over one year and
comparatively high unit value, held for producing commodities, providing labor
service, leasing or operation management.
2. types of fixed assets
buildings, special equipment, general equipment, transport vehicles, other equipment ,
fixed assets fitment and the transformation of the fixed assets leased in for operations.
3. recording of fixed assets at acquisition
fixed assets are recorded following actual cost recording principles.
the entry value of fixed assets the debtor mortgaged arising from debts restructure
would be confirmed based on the book value of credits receivable; the entry value of
fixed assets exchanged-in in non-monetary transaction would be confirmed based on
the exchanged-out assets.
the entry value of fixed assets rent from financing would be the lower of original
book value of leased assets on the beginning date of leasing and lowest leasing
payment. if the leasing assets from financing took less than 30% (including 30%) of
the total assets of the enterprise, the entry value would be the lowest leasing payment.
4. depreciation method
depreciation of fixed assets would be classified withdrawn by sum-of-the-years’
digits method. individual annual depreciation rate is confirmed according to type of
fixed assets, estimated using period, residual rate and depreciation rate.
fixed assets fitment expenses according with the capitalization conditions would
adopt the average per year method to withdraw depreciation at the shorter period of
comparing two fixing period and rest using period of fixed assets; fixed assets
improving expenses rented from operating leasing would adopt the average per year
38
method to withdraw depreciation at the shorter period of comparing rest leasing
period and rest using period of fixed assets.
fixed assets rented from financing leasing, if reasonably confirmed to get the
ownership at the expiration of leasehold, would withdraw depreciation in the
estimated using period; if can’t be confirmed to get the ownership, would withdraw
depreciation at the shorter period of comparing the leasing period and rest using
period of fixed assets. fitment expenses of fixed assets rented from financing leasing
according with the capitalization conditions would adopt the average per year method
to withdraw depreciation at the shortest period of two fitting period, rest leasing
period, and rest using period of fixed assets.
(2) withdrawing impairment losses of fixed assets
in the end of metaphase or the end of the year, for the fixed assets that the recovery
amount shall lower the book value due to consistently falling market price, old
technology, shattering or long-time leaving unused et., impairment losses of those
fixed assets would be withdrawn according to the differences that the estimated
recovery amount lower the book value.
12. accounting method for constructions in progress
(1) recording method at acquisition
actual costs of projects incurred accounted according to the types of projects, would
transfer into fixed assets for accounting when the construction project attained to
using as scheduled; would be transferred based on estimated value when the
constructions in progress are not accomplished and settled, and would be adjusted
after accomplishment and settling.
(2) withdrawing impairment losses for constructions in progress
in the end of metaphase or the end of the year, for construction in progress that stops
for a long time and is estimated not to restart in the future three years or that lags
behind in performance and technology and is uncertain to bring economic benefits to
enterprise, impairment losses would be withdrawn.
impairment loss for constructions in progress would be withdrawn as individual
project.
13. accounting method for intangible assets
(1) accounting method
recorded with actual cost
intangible assets gained from debtors in liabilities restructure are recorded based on
book value of credit receivable; intangible assets from non-monetary transactions are
recorded based on book values of those assets transferred out.
(2) amortization
intangible assets are amortized based on based on straight-line method. either
investment contract or law stipulates beneficial years or effective years; intangible
assets are amortized on average during the period within the stipulated years;
amortized on average at the lower amount of the two stipulated years; amortized on
average during the period within 10 years if there is no stipulated year.
(3) impairment losses of intangible assets
impairment losses of those intangible assets whose profitability creating capability
was seriously and badly affected or falling value was unable to be recovered as
39
expected due to substitution by other new technologies and great falling of market
price at the end of the interim and the year are appropriated based on the difference
that the expected amount of withdrawal is lower than its book value.
impairment losses of intangible assets are appropriated based on individual assets.
14. amortization of long-term prepaid expenses
(1) amortization of organization expenses
organization expenses are recorded in gains and losses one-off in the current month
when the production and operation starts.
(2) amortization of other long-term prepaid expenses
other long-term prepaid expenses are amortized on average in the beneficial period,
including:
rental paid in advance for operating leased fixed assets is amortized on average
according to the period stipulated in the lease contract.
15. borrowings
(1) principle for confirming borrowings capitalization
accessory expenses of special loans are capitalized when the constructed assets reach
expected useful status while they are recorded in current gains and losses if in
relatively small amount.
interests, premium and discount amortization and exchange difference of special loans
start to be capitalized when meeting the following three circumstances at the same
time: capital expenditure has happened; loan expenses have happened; construction
activities necessary for making assets reach useful status have started.
when constructed assets were suspended abnormally over successive three months,
loan expenses are suspended in capitalization. when constructed assets reach
expected useful status, loan expenses’ capitalization is suspended.
when partial projects in the constructed assets are completed respectively and can be
used separately, capitalization of the loan expenses of the said partial assets is
suspended.
loan expenses for ordinary loans and loan expenses for special loans not in
compliance with regulations of capitalization are both recorded in the current gains
and losses.
(2) capitalization period of loan expenses
capitalization of loan expenses is accounted quarterly.
(3) confirmation of capitalization amount of loan expenses for special loans
capitalization amount of interests in each accounting period = weighted average of
accumulative expenditure for construction of fixed assets to the end of the year *
weighted average interest rate of loans.
accessory expenses and exchange difference that can be capitalized are directly
capitalized based on the actual amount.
16. expected liabilities
the company confirmed the obligation related to contingent events as expected
liabilities when it is in compliance with the following circumstances at the same time:
(1) the said obligation is current obligation assumed by the enterprise.
(2) the implementation of the said obligation will result in outflow of economic
benefits from the enterprise very probably.
(3) the amount of the said obligation can be accounted reliably.
17. principle for income confirmation
(1) sales of commodities
the company has transferred the significant risks and remunerations of commodities
ownership to the buyer; economic benefits related to the transaction are unable to
40
flow into the enterprise; business income is confirmed when the relevant income and
cost could be calculated reliably.
(2) provision of services
for services that are started and completed within the same accounting year, revenue
is recognized at the time of completion of the services. when the provision of services
is started and completed in different accounting years and the outcome of the
transaction involving the rendering of services can be estimated reliably, the company
recognizes the service revenue at the balance sheet date using the percentage of
completion method.
(3) transfer of assets use right
income is confirmed based on the contract or agreement if the economic benefits
related to the transaction can flow into the enterprise and amount of income can be
accounted for reliably.
18. accounting methods for income tax
adopting taxes payable
19. confirming principal of consolidated scope of consolidated accounting statement
and preparation method for consolidated accounting statements
(1) consolidated accounting statements are prepared based on individual accounting
statements and other information of the parent company and subsidiaries listed in the
consolidated scope according to provisional regulations on consolidated accounting
statements and relevant documents. however, those subsidiaries with relatively small
scale in special industries, in compliance with regulations in the document called
reply on instruction of consolidated scope in the consolidated accounting
statements promulgated by ministry of finance with ckez (1996) no. 2 document,
are not consolidated. when consolidating, the internal equity investment and owners’
equity of subsidiaries, internal investment earnings and profit distribution of
subsidiaries, and internal transactions and internal credits and liabilities shall
counteract. besides, consolidated surplus reserve is adjusted.
(2) there is no material difference between the accounting policies and accounting
disposal methods adopted by the parent company and subsidiaries respectively.
20. changes on major accounting policy and accounting evaluation and amendment of
accounting error.
(1) change on accounting policy
naught
(2) change on accounting evaluation
naught
(3) amendment on error
naught
(iii) taxes
1. main taxes and tax rates:
taxes basis for taxes tax rates
vat sales income from commodities (products) 17%, 13％
operating tax storage income etc. 3％-5％
urban construction tax operating tax (or vat paid) 1％
corporate income tax taxable income 27%, 33％
41
iv. controlling subsidiaries and associated enterprises
(v) controlling subsidiaries and associated enterprises
unit: rmb’0000
equity proportion
(%)
name of
units
registered
place
registered
capital
business
scope
investment
amount
directly indirectly
consolidated
or not
shanghai
dajiang
desheng
feed plant
shanghai
songjiang
district
900 feedstuff 895.5 99.50% yes
changzhou
dajiang
feedmill
company
limited
jiangsu
changzhou
2,195
livestock and
poultry, feed
2,072 94.40% yes
yangzhou
dajiang
livestock and
poultry feed
limited
jiangsu
yangzhou
3,666.80
livestock and
poultry, feed
3,483.46 95.00% yes
shanghai
dajiang
guanngxing
chicken farm
shanghai
songjiang
district
900
broiler
farming
900 100.00% yes
shanghai
dajiang feed
co., ltd
shanghai
songjiang
district
2,000 feedstuff 1,999 99.95% yes
songjiang
huayang
chicken farm
shanghai
songjiang
district
480
ps breeder
farming
264 55.00% yes
songjiang
tahui chicken
farm
shanghai
songjiang
district
380
ps breeder
farming
209 55.00% yes
songjiang
xilin broiler
farm
shanghai
songjiang
district
1,680
broiler
farming
1,680 100.00% yes
songjiang
chendu
broiler farm
shanghai
songjiang
district
1,680
broiler
farming
1,680 100.00% yes
qingpu
maoyang
broiler farm
shanghai
qingpu
district
1,680
broiler
farming
1,680 100.00% yes
qingpu shanghai 680 broiler 680 100.00% yes
42
shenxiang
baowei
broiler farm
qingpu
district
farming
qingpu
shenxiang
wangjin
broiler farm
shanghai
qingpu
district
840
broiler
farming
840 100.00% yes
qingpu
zhaoxiang
songze
broiler farm
shanghai
qingpu
district
540
broiler
farming
540 100.00% yes
qingpu
liantang
zhujiazhuang
broiler farm
shanghai
qingpu
district
680
broiler
farming
680 100.00% yes
qingpu
zhengdian
xunan broiler
farm
shanghai
qingpu
district
680
broiler
farming
680 100.00% yes
qingpu
zhengdian
dabang
broiler farm
shanghai
qingpu
district
680
broiler
farming
680 100.00% yes
qingpu
shenxiang
xinjing
broiler farm
shanghai
qingpu
district
680
broiler
farming
680 100.00% yes
qingpu
gushi
chicken
farm
shanghai
qingpu
district
1,800
broiler
farming
1,800 100.00% yes
shanghai
dajiang meat
processing
no. 2 plant
shanghai
songjiang
district
5,200
meet
processing
4,420 85.00% yes
shanghai
dajiang meat
processing
no. 4 plant
shanghai
songjiang
district
5,000
meet
processing
4,500 90.00% yes
shanghai
shende
machinery
co., ltd.
shanghai
songjiang
district
2,295.52
feed
machinery
1,721.64 75.00% yes
shanghai shanghai 2,000 property 1,800 90.00% yes
43
dajiang real
estate co.,
ltd.
songjiang
district
development
zaoyang
dajiang
poultry co.,
ltd.
zaoyang
hubei
province
894.05
livestock and
poultry, feed
and chicken
meet
849.3475 95.00% yes
fuxin dajiang
co., ltd.
fuxin
liaoning
province
5,064.8472
production of
feedstuff and
broiler
breeding etc.
3,154.8472 70.82% yes
shanghai
dajiang meat
processing
plant
shanghai
songjiang
district
1,800
meet food
processing
900 50.00% yes
qingpu
yemabang
chicken farm
shanghai
qingpu
district
300
gp breeder
farming
150 50.00% yes
shanghai
dajiang
tianma
poultry
breeder farm
shanghai
songjiang
district
1,800
ps breeder
farming
900 50.00% yes
shanghai
shenliang
machinery
equipment
engineering
installation
co., ltd.
shanghai
songjiang
district
300
feed
machinery
231.75 77.25% yes
shanghai
dajiang
kechuang
property co.,
ltd
shanghai
songjiang
district
1,800
real estate
development,
consultation
on enterprise
management
and property
management
1,800 100% yes
shanghai
handi
property co.,
ltd
shanghai
songjiang
district
1,800
real estate
development
and property
management
918 51% yes
(1) change in the consolidation scope of the consolidated statements and reasons
compared with the last year, one new company has been included in the
consolidation, with reasons as follows:
44
1. in the report period, the company invested and established the shanghai dajiang
kechuang property co., ltd. since the company owns 100% of this company’s
equity, it has been included in the consolidation scope.
compared with the last year, one company has been taken out of the consolidation
scope, with reasons as follows:
1. songjiang songxin broiler farm was shut down this year, and the liquidation has
been finished.
(2) reasons for including in the consolidation scope the subsidiaries with no more
than 50% equity held by the company:
(3) reasons for not including in the consolidation scope the subsidiaries with more
than 50% equity held by the company:
(v) notes to consolidated accounting statement
1. monetary fund:
unit: rmb
amount at period-end amount at period-begin
items foreign
amount
exchange
rate
rmb amount
foreign
amount
exchange
rate
rmb amount
cash: / / 70,768.66 / / 71,296.25
rmb / / 70,768.66 / / 71,296.25
bank deposits: / / 104,598,758.98 / / 109,819,588.25
rmb / / 103,987,238.46 / / 107,560,835.75
usd 76,482.10 7.9956 611,520.52 279,863.77 8.0709 2,258,752.50
other monetary
funds:
/ / 19.28 / /
rmb / / 19.28 / /
total / / 104,669,546.92 / / 109,890,884.50
2. short-term investments
(1) classification of short-term investment
unit:
amount at period-begin amount at period-end
items book
balance
reserve for
devaluation
net amount
in book
book
balance
reserve for
devaluation
net amount
in book
total market
amount at
period-end
including: share
investment
4,080.00 47,431.20 4,080.00 4,080.00 4,080.00 6,250.00
funds investment 363,370.00 47,431.20 315,938.80 358,420.00 358,420.00 511,830.00
total 367,450.00 47,431.20 320,018.80 362,500.00 362,500.00 518,080.00
(2) short-term stock investment
unit: rmb
name of stock
number of
shares
book balance
market price per
share at the end of
the period
total market price
at the end of the
period
sinopec 1,000 4,080.00 6.25 6,250.00
total 4,080.00 / 6,250.00
45
3. notes receivable:
(1) classification of notes receivable
unit: rmb
types amount at period-end
bank acceptance bill 512,000.00
total 512,000.00
4. accounts receivable
(1) aging analysis
unit: rmb
amount at the end of the period amount at the beginning of the period
book balance book balance
account
age
amount proportion
bad debt reserves
amount proportion
bad debt reserves
within 1
year
53,868,180.62 39 1,616,045.42 38,257,409.24 32 1,147,722.28
1 to 2
years
5,235,408.20 4 523,540.81 4,932,465.66 4 493,246.57
2 to 3
years
373,522.95 56,028.45 5,201,003.28 4 780,150.49
over 3
years
77,215,668.29 56 70,514,186.63 72,693,211.91 60 69,550,242.58
total 136,692,780.06 100 72,709,801.32 121,084,090.09 100 71,971,361.92
(2) changes in depreciation reserves for bad debts of account receivable
unit: rmb
decrease in the report period
item
balance at the
beginning of
the period
increase in
the report
period
amount
transferred
out
total
balance at the
end of the
report period
bad debt reserves for accounts
receivable
71,971,361.92 752,228.20 13,788.80 13,788.80 72,709,801.32
(3) debts owed by the top five accounts receivable
unit: rmb
amount at period-end amount at period-begin
amount proportion amount proportion
total and proportion debts owed by the top five
debtors
14,700,521.70 11.70% 14,205,826.29 11.48%
(4) main units of accounts receivable
unit: rmb
name of the unit amount of the debt time of the occurrence of the debt reasons for occurrence of the debt
total / /
46
(5) accounts receivable that the company has withdrawn full bad debt reserves for or
that the company has withdrawn large proportions of bad debt reserves
unit: rmb
name of
unit
relationship
with the
company
amount
of debt
age
of the
debt
reasons for
occurrence of
the debt
bad debt
reserves
withdrawn
proportion of
the bad debt
reserves
withdrawn
(%)
reasons for
the
withdrawal of
bad debt
reserves
wujin
qianhuang
zhang qin
sales customer 9,742.06
over
3
years
payment for
commodities
not received
9,742.06 100
unable to
recover as
estimated
wujin good
seeds
promotion
station
sales customer 22,102.00
over
3
years
payment for
commodities
not received
22,102.00 100
unable to
recover as
estimated
wujin
weicun chen
boping
sales customer 2,481.20
over
3
years
payment for
commodities
not received
2,481.20 100
unable to
recover as
estimated
wuxi
qianqiao
zhang
zhenyong
sales customer 20,984.07
over
3
years
payment for
commodities
not received
20,984.07 100
unable to
recover as
estimated
jiangyin
shengang
mao jian
sales customer 3,726.40
over
3
years
payment for
commodities
not received
3,726.40 100
unable to
recover as
estimated
suzhou
dongqiao
feed store
sales customer 29,069.04
over
3
years
payment for
commodities
not received
29,069.04 100
unable to
recover as
estimated
total / 88,104.77 / / 88,104.77 / /
(6) write-off of bad debts of accounts receivable
unit: rmb
name of the unit amount written off reasons for the write-off
wuxi chaqiao chicken farm 13,172.00 debts recovered
jiangyin hetang xia yuanping 500.00 debts recovered
jingjiang yao jinlin 16.80 debts recovered
wujin fertilizer fu yechang 100.00 debts recovered
total 13,788.80 /
(7) of the accounts receivable, no debts have been owed by shareholders holding over
5% (including 5%) voting shares of the company.
5. other accounts receivable
(1) aging analysis
47
unit: rmb
amount at the end of the period amount at the beginning of the period
book balance book balance
account
age
amount proportion
bad debt reserves
amount proportion
bad debt reserves
within 1
year
52,583,023.65 40 1,577,490.71 21,933,732.38 22 658,011.97
1 to 2
years
1,068,728.14 1 106,872.82 4,793,746.38 5 479,374.64
2 to 3
years
45,466.58 6,819.99 29,744.50 4,461.68
over 3
years
78,280,251.43 59 26,133,718.43 72,948,681.22 73 26,139,561.61
total 131,977,469.80 100 27,824,901.95 99,705,904.48 100 27,281,409.90
(2) changes in depreciation reserves for bad debts of other accounts receivable
unit: rmb
item
balance at the
beginning of the
period
increase in the
report period
balance at the
end of the report
period
bad debt reserves for other accounts receivable 27,281,409.90 543,492.05 27,824,901.95
(3) debts owed by the top five other accounts receivable
unit: rmb
amount at period-end amount at period-begin
amount proportion amount proportion
total and proportion debts owed by the top debtors 71,981,632.81 54.54 71,977,528.81 72.19
(4) main units of other accounts receivable
unit: rmb
name of units debt amount
age
of the
debt
reasons for the
occurrence of
the debt
depreciation
reserves
withdrawn
proportion of the
depreciation
reserves
withdrawn
reasons for the
withdrawal of
depreciation
reserves
1. songjiang
feed
company
34,986,724.59
over
3
years
shareholder’s
fund
6,997,344.92 20 age of the account
2. songjiang
livestock &
poultry
company
22,491,149.73
over
3
years
shareholder’s
fund
4,498,229.95 20 age of the account
3. shanghai
tianbang
water feed
co., ltd
8,273,863.92
over
2
years
current fund 4,136,931.96 50
4. hangzhou
qingyun fiber
4,283,052.52
over
2
equity transfer
fund
2,141,526.26 50
48
group co.,
ltd
years
5. hong kong
zhiyi group
co., ltd
1,946,842.05
over
2
years
equity transfer
fund
973,421.03 50
total 71,981,632.81 / / 18,747,454.12 / /
(5) bad debt reserves withdrawn for other accounts receivable
unit: rmb
name of
unit
amount
of debt
age
of the
debt
reasons for
occurrence of
the debt
bad debt
reserves
withdrawn
proportion of
the bad debt
reserves
withdrawn (%)
reasons for the
withdrawal of
bad debt
reserves
shanghai
tianbang
water feed
co., ltd
4,104.00
less
than
one
year
current fund 2,052.00 50
half of the debt
not recoverable
as estimated
total 4,104.00 / / 2,052.00 / /
(6) debts of the other accounts receivable of the report period owed by shareholders
holding over 5% (including 5%) of the company’s voting shares
unit: rmb
amount at period-end amount at period-begin
name of unit amount of
the debt
amount of the
depreciation
reserves
withdrawn
amount of
the debt
amount of the
depreciation
reserves
withdrawn
songjiang feed company 34,986,724.59 6,997,344.92 34,986,724.59 6,997,344.92
songjiang livestock & poultry
company
22,491,149.73 4,498,229.95 22,491,149.73 4,498,229.95
total 57,477,874.32 11,495,574.87 57,477,874.32 11,495,574.87
6 advance payments
(1) aging analysis
unit: rmb
amount at period-end amount at period-begin
age
amount proportion amount proportion
within 1 year 15,929,838.11 98 7,905,551.94 96
1 to 2 years 11,208.70 238,258.69 3
2 to 3 years 262,838.40 2 99,722.40 1
over 3 years 1,964.00 880.00
total 16,205,849.21 100 8,244,413.03 100
(2) debts owed by the top five of advance payments
unit: rmb
amount at period-end amount at period-begin
amount proportion amount proportion
amount and proportion 10,010,278.59 61.77 7,150,000.00 86.73
49
of the debts owed by
the top five debtors
(3) of the advance payments, no debts have been owed by shareholders holding over
5% (including 5%) voting shares of the company.
7. subsidies receivable
unit: rmb
item
balance at the
beginning of
the period
decrease in
the report
period
increase in
the report
period
balance at the
end of the
report period
tax rebate for export 1,038,703.09 1,038,703.09
total 1,038,703.09
8. inventories
(1) category of inventories
unit: rmb
amount at period-end amount at period-begin
items
book balance reserve for
devaluation
book value book balance
reserve for
devaluation
book value
raw material 54,693,097.56 3,898,000.64 50,795,096.92 51,596,590.22 1,963,832.53 49,632,757.69
stock
commodity
65,237,225.83 5,589,718.08 59,647,507.75 88,308,993.15 20,574,681.74 67,734,311.41
work-in
products
14,263,873.15 14,263,873.15 28,200,367.60 28,200,367.60
packing 5,637,860.98 756,412.52 4,881,448.46 5,351,958.75 855,518.71 4,496,440.04
low
consumables
576,734.22 35,101.06 541,633.16 644,300.24 102,199.13 542,101.11
development
cost
292,513,502.32 292,513,502.32 242,349,837.98 242,349,837.98
total 432,922,294.06 10,279,232.30 422,643,061.76 416,452,047.94 23,496,232.11 392,955,815.83
9. expenses to be appropriated
unit: rmb
types amount at
period-begin
increase in this
period
amortization in
this period
amount at
period-end
reason for carrying
forward at he end of
period
various
insurance cost
68,195.87 540,668.83 555,958.75 52,905.95
under amortization
period
lease cost 259,648.28 189,138.00 239,583.30 209,202.98
under amortization
period
other 476,375.27 776,165.12 363,728.40 888,811.99
under amortization
period
50
total 804,219.42 1,505,971.95 1,159,270.45 1,150,920.92 /
10. long-term investments:
(1) classification of long-term investment
unit: rmb
items
amount at
period-begin
increase in
this period
decrease in
this period
amount at
period-end
stock investment 58,250,000.00 58,250,000.00
investment in subsidiary 1,949,990.21 46,637.14 1,996,627.35
investment in jointly controlled entities 8,091,847.84 475,962.80 7,615,885.04
other equity investment 46,839,195.18 46,839,195.18
balance of equity investment -9,254,710.34 -8,958,534.16
total 105,876,322.89 46,637.14 475,962.80 105,743,173.41
less: impairment provisions of
long-term equity investment 1,229,623.23 1,229,623.23
total net amount of long-term equity
investment 104,646,699.66 / / 104,513,550.18
(2) long-term stock investment
unit: rmb
names of
investee types amount
of stocks
proportion to
registered
capital of
investee (%)
original
investment
cost
amount of
investment
book net
amount
yangtze river
development
co., ltd.
legal
person’s
shares
5,000,000 0.77 7,000,000.00 7,000,000.00 7,000,000.00
shanghai
shenyin wanguo
securities co.,
ltd
legal
person’s
shares
51,760,000 1.23 51,250,000.00 51,250,000.00 51,250,000.00
total / 56,760,000 / 58,250,000.00 58,250,000.00 58,250,000.00
(3) other equity investment
unit: rmb
1) investments for subsidiaries, jointly controlled entities and associates
names of
investees
relationship
with parent
company
proportion
to
registered
capital of
investees
(%)
investment
cost
balance at
period-begin
increase/
decrease in
this period
accumulated
increase/
decrease
amount
balance at
period-end
calculatio
n method
shandong
jining
farming
industrial and
investment in
jointly
controlled
entities
50 3,000,000.00 1,229,623.23 -1,770,376.77 1,229,623.23
equity
method
51
commercial
shandong
huping
farming
industrial and
commercial
investment in
jointly
controlled
entities
50 400,000.00
581,743.00
0.72 181,743.72 581,743.72
equity
method
luwan
dajiang food
operating
office
investment in
jointly
controlled
entities
40 260,000.00
198,297.20
5,853.24 -55,849.56 204,150.44
equity
method
dahua
farming
appliance
co., ltd.
investment in
jointly
controlled
entities
45.75 12,402,500.00
6,082,184.41
-481,816.76 -6,802,132.35 5,600,367.65
equity
method
shanghai
aike gas
survey and
control
equipment
co., ltd.
investment in
subsidiary
25 2,000,000.00
1,949,990.21
46,637.14 -3,372.65 1,996,627.35
equity
method
2) other equity investment
names of investees
proportion to
registered capital of
investees (%)
investment
cost
balance at
period-begin
balance at
period-end
calculation
method
shanghai baoding investment
co., ltd
0.09 62,500.00 62,500.00 62,500.00 cost method
shanghai huayuan life
science co., ltd
16.50 31,776,695.18 31,776,695.18 31,776,695.18 cost method
shanghai songjiang export
process district haixin
construction development co.,
ltd
3.02 15,000,000.00 15,000,000.00 15,000,000.00 cost method
3) impairment provisions of equity investment
impairment provisions
names of investees
amount at period-begin amount at period-end
shandong jining farming industrial and commercial 1,229,623.23 1,229,623.23
(4) balance of equity investment
unit: rmb
names of amount at balance at amount of balance at reason for year limit for
52
investees period-begin period-begin amortization period-end forming amortization
zaoyang
dajiang birds
industry co.
-5,733,100.88 -8,493,482.79 -5,733,100.88
balance between
original
investment cost
and enjoyed net
assets
10 years
yangzhou
dajiang
animal feed
co., ltd
-185,763.59 -371,527.19 18,576.36 -167,187.23
balance between
original
investment cost
and enjoyed net
assets
10 years
shanghai
dajiang meat
food 6th co.,
ltd
-2,883,267.16 -4,873,127.60 243,656.38 -2,639,610.78
balance between
original
investment cost
and enjoyed net
assets
10 years
changzhou
dajiang
animal feed
co., ltd
-452,578.71 -678,868.26 33,943.44 -418,635.27
balance between
original
investment cost
and enjoyed net
assets
10 years
total -9,254,710.34 -14,417,005.84 296,176.18 -8,958,534.16 / /
11. fixed assets
unit: rmb
items
amount at
period-begin
increase in this
period
decrease in this
period
amount at
period-end
i. total of original value: 966,396,937.61 4,125,430.91 74,645,763.47 895,876,605.05
including: houses and
buildings
473,359,504.11 37,184.00 48,781,853.94 424,614,834.17
machinery equipment 392,645,782.96 3,410,434.63 20,839,537.25 375,216,680.34
electronic equipment
transportation equipment 21,331,650.93 498,474.83 962,499.66 20,867,626.10
ii. total accumulated
amortization
587,297,252.41 17,391,558.15 54,167,457.35 550,521,353.21
including: houses and
buildings
229,806,059.75 6,289,969.26 31,973,839.93 204,122,189.08
machinery equipment 287,928,917.23 9,165,513.29 18,284,121.89 278,810,308.63
electronic equipment
transportation equipment 12,768,449.67 660,076.86 1,018,870.37 12,409,656.16
iii. total of net value of fixed
assets
379,099,685.20 345,355,251.84
including: houses and 243,553,444.36 220,492,645.09
53
buildings
machinery equipment 104,716,865.73 96,406,371.71
electronic equipment
transportation equipment 8,563,201.26 8,457,969.94
iv. total of allowance for
depreciation
78,199,420.27 338,840.82 9,305,904.20 69,232,356.89
including: houses and
buildings
25,497,479.29 6,000,865.98 19,496,613.31
machinery equipment 21,270,892.95 338,840.82 2,497,704.99 19,112,028.78
electronic equipment
transportation equipment 4,070.00 4,070.00
v. total of net amount of fixed
assets
300,900,264.93 276,122,894.95
including: houses and
buildings
218,055,965.07 200,996,031.78
machinery equipment 83,445,972.78 77,294,342.93
electronic equipment
transportation equipment 8,559,131.26 8,453,899.94
12. construction in progress
unit: rmb
amount at period-end amount at period-begin
items
book balance
impairment
provisions
book net
amount
book balance
impairment
provisions
book net
amount
construction
in progress
6,433,727.53 2,131,525.50 4,302,202.03 4,002,270.83 2,131,525.50 1,870,745.33
(1) changes on construction in progress
unit: rmb
names of
projects
amount of
budget
amount at
period-begin
increase in
this period
decrease
in this
period
transferred
into fixed
assets
original
of capital
amount at
period-end
sewage
engineering of
dajiang meat
food
431,814.71 534,937.56 self-raised 966,752.27
shende
machinery
co., ltd.
digital
control
machine tool
engineering
2,560,000.00 1,280,000.00 3,857,429.00 2,568,714.50 self-raised 2,568,714.50
54
shende
machinery
coo., ltd
vacuum
furnace
4,994,720.00 1,956,325.50 self-raised 1,956,325.50
other
sporadic
engineering
334,130.62 751,435.26 143,630.62 941,935.26
total 4,002,270.83 5,143,801.82 143,630.62 2,568,714.50 / 6,433,727.53
(2) impairment provisions of construction in progress
unit: rmb
items
amount at
period-begin
amount at
period-end
reason of withdrawal
shende machinery co.,
ltd vacuum furnace
project
1,956,325.50 1,956,325.50
reconstruction date of exported tender
equipment has exceeded 3 years
other sporadic
engineering
175,200.00 175,200.00
downtime of engineering has exceeded 3
years
total 2,131,525.50 2,131,525.50 /
13. disposal of fixed assets
unit: rmb
items
amount at
period-begin
increase in this
period
decrease in
this period
amount at
period-end
assets such as auto 288,979.12 288,979.12
total 288,979.12 288,979.12
the said assets were under disposal without determination of gain/loss.
14. intangible assets
unit: rmb
amount at period-end amount at period-begin
items
book balance
impairment
provisions
book net
amount
book balance
impairment
provisions
book net
amount
intangible
assets
40,498,242.21 40,498,242.21 36,064,899.89 36,064,899.89
(1) changes on intangible assets
unit: rmb
types
mode of
obtaining
actual cost
amount at
period-begin
increase in
the period
amortization in
the period
accumulated
amortization
amount at
period-end
remained
year limit
for
amortizati
55
on
use fee of
tongzhiguan
building
purchase 6,000,000.00 4,800,000.00 60,000.00 1,260,000.00 4,740,000.00
40 years
and 6
months
appraised
value of
headquarter
evaluati
on
40,000,000.00 15,500,000.00 1,000,000.00 25,500,000.00 14,500,000.00
6 years
and 10
months
land use fee
of the 2nd
meat food
plant
purchase 1,300,000.00 820,000.00 480,000.00 820,000.00 28 years
land use fee
of the 2nd meat
food plant
purchase 6,999,275.40 839,996.80
5,649,275.4
0
93,587.80 603,591.00 6,395,684.40
10 years
and 6
months
land use fee
of the 6th mean
food
purchase 6,604,372.50 5,595,643.42 127,100.50 77,349.53 958,978.11 5,645,394.39
25 years
and 5
months
land use fee
of the 2nd meat
food plant
purchase 1,936,557.00 1,870,400.95 66,156.05 1,870,400.95 20 years
using right for
site of
yangzhou
investme
nt
3,148,887.20 1,952,361.60 35,482.20 1,232,007.80 1,916,879.40
39 years
and 5
months
using right for
site of shende
machinery
purchase 1,743,145.50 871,572.54 36,315.53 907,888.49 835,257.01
10 years
and 6
months
using right for
land of
zaoyang
dajiang
purchase 4,029,850.00 3,814,924.58 40,298.52 255,223.94 3,774,626.06
45 years
and 3
months
total / 71,762,087.60 36,064,899.89
5,776,375.9
0
1,343,033.58 31,263,845.39 40,498,242.21 /
15. long-term expenses to be appreciated
unit: rmb
types amount at period-begin increase in this period amount at period-end
organization expense 2,616,754.89 2,462,950.99 5,079,705.88
total 2,616,754.89 2,462,950.99 5,079,705.88
16. short-term loans
(1) classification of short-term loans
unit: rmb
items amount at period-end amount at period-begin
pledged loans 34,000,000.00 32,000,000.00
56
mortgage loans 251,000,000.00 260,000,000.00
guarantee loans 163,500,000.00 198,000,000.00
credit loans 4,000,000.00 4,000,000.00
total 452,500,000.00 494,000,000.00
17. accounts payable
(1) ageing of accounts payable
unit: rmb
amount at period-end amount at period-begin
ageing
amount proportion in total
amount amount proportion in total
amount
within one year 28,982,854.26 99.36 50,000,740.89 90.51
1-2 years 22,560.42 0.07 5,119,102.99 9.27
2 –3 years 149,768.58 0.51 32,451.87 0.06
over 3 years 15,430.40 0.06 91,527.07 0.16
total 29,170,613.66 100 55,243,822.82 100
(2) accounts payable-main companies
unit: rmb
name of companies
relationship with
the company
amount of
arrearage
time of arrearage reason
1. shanghai dahua appliance
co., ltd.
related
enterprise
1,171,058.36 over 3 years
payment of
goods
2. shanghai testing station 866,000.00 one year
testing
expense
3. shanghai zhenghong corn
machinery co.
goods supply 654,164.00 one year
payment of
goods
4. shanghai qiang yu yuan co.,
ltd.
goods supply 653,110.00 one year
payment of
goods
5. shanghai songjiang lipin
co., ltd.
good supply 527,356.05 one year 货款
total / 3,871,688.41 / /
18. advance from customers
(1) ageing of advance from customers
unit: rmb
amount at period-end amount at period-begin
ageing
amount proportion in t
otal amount amount proportion in t
otal amount
within one year 243,801,533.83 99.63 119,693,890.96 99.97
1-2 years 7,031.60
2 –3 years 889,985.71 0.36
over 3 years 30,000.00 0.01 30,000.00 0.03
57
total 244,721,519.54 100 119,730,922.56 100
(2) advance from customers- main companies
unit: rmb
name of companies
relationship with
the company
amount of
arrearage
time of
arrearage
reason
1. aquiculture service
office, xingda, yixing
marketing
businessman
6,454,263.29 one year
payment of feed
in advance
2. zhuang jianbin, heqiao,
yixing
marketing
businessman
4,180,851.25 one year
payment of feed
in advance
3. zhu yaquan, zhakou,
yixing
marketing
businessman
4,025,974.87 one year
payment of feed
in advance
4. xu jiguang, qianhuang,
wujin
marketing
businessman
2,471,238.6 one year
payment of feed
in advance
5. sojitz corporation
（nich）
marketing
businessman
2,308,552.32 over 3 years
payment of feed
in advance
total / 19,440,880.33 / /
19. taxes payable
unit: rmb
taxes amount at period-end amount at year-begin standard of paying
vat
-170,814,888.86 -176,474,519.23
sales income from
commodities (products)
operating tax -7,033,474.46 -2,578,738.43 income from storage
income tax -4,553,970.24 -218,533.04 taxable income
individual income
tax 29,913.10 321,137.59
city construction
tax -66,264.52 -18,992.34 business tax (vat paid)
property tax 208,362.00 1.2％
total -182,230,322.98 -178,969,645.45 /
20. other payments
unit: rmb
item
at the period-end at the
year-beginning payment standard
community expenses 93,483.62 182,725.34 7% of income tax
payable
industry compensate agriculture 262,603.66 835,286.60 6‰ of the net turnover
extra expenses of rural education 52,348.50 94,780.30 2‰ of the net turnover
rural cooperation medical &
insurance fees 14,433.27 14,121.26 1.5‰ of the net turnover
embankment expenses 2,515.01 2,515.01 2‰ of the business tax
58
and vat payable
waterway project maintenance &
management expenses 15,785.59 3‰ of the business tax
and vat payable
total 425,384.06 1,145,214.10 /
21. other payables
(1) aging of other payable
unit: rmb
amount at period-end amount at period-begin
aging
amount proportion in
total amount amount proportion in
total amount
within one year 180,173,182.17 75.71 204,833,610.49 89.00
1-2 years 54,551,725.84 22.92 21,045,184.94 9.14
2 –3 years 51,824.01 0.02 955,767.82 0.42
over 3 years 3,216,143.36 1.35 3,304,370.16 1.44
total 237,992,875.38 100 230,138,933.41 100
22. accrued expenses
unit: rmb
items amount at period-end amount at period-begin reason
utilities 890,126.29 892,942.88 unpaid
rent 310,000.00 816,782.24 unpaid
auditing expense 537,267.00 unpaid
other 8,583,723.52 1,279,768.01 unpaid
total 10,321,116.81 2,989,493.13 /
23. long-term liabilities due within one year
unit: rmb
amount at period-end amount at period-begin
types
starting date of
loan
ending date of
loan interest
rate
amount of
currency
interest
rate
amount of
currency
long-term loan 27 may 2005 22 october 2006
6.912
％
27,000,000.00 6.912% 27,000,000.00
long-term loan 11 january 2004 22 october 2006
6.588
％
80,000,000.00 6.588% 80,000,000.00
total / / / 107,000,000.00 / 107,000,000.00
24. other current liabilities
unit: rmb
item amount at period-end amount at period-begin
income on exchange in the term of
preparing to construction--shende
3,035,445.29 3,035,445.29
59
total 3,035,445.29 3,035,445.29
25. long-term loan
(1) classification of long-term loan
unit: rmb
item amount at period-end amount at period-begin
mortgage loan 20,000,000.00 20,000,000.00
total 20,000,000.00 20,000,000.00
(2) long-term loan
unit: rmb
amount at period-end amount at period-begin
types
starting date
of loan
ending date
of loan interest
rate
amount of
currency
interest
rate
amount of
currency
mortgage
loan
2 july 2003 1 july 2007 5.85％ 20,000,000.00 5.85％ 20,000,000.00
total / / / 20,000,000.00 / 20,000,000.00
26. share capital
table of change in share
unit: share
before the change increase/decrease in this time (+, - ) after the change
number proportion
issuance
of new
share
bonus
share
capital
reserve
transferrin
g into
share
capital
other subtotal number proportion
total
shares
676,305,696 100 676,305,696 100
27. capital reserve
unit: rmb
items amount at
period-begin
increase in this
period
decrease in this
period
amount at
period-end
premium on share
capital
26,063,263.03 26,063,263.03
reserve for equity
investment
199,166,977.12 199,166,977.12
other capital reserve 4,239,156.31 4,239,156.31
total 229,469,396.46 229,469,396.46
60
28. surplus reserve
unit: rmb
items amount at
period-begin
increase in this
period
decrease in this
period
amount at
period-end
statutory surplus
reserve
59,853,315.93 59,853,315.93
statutory welfare
fund
31,526,662.28 31,526,662.28
total 91,379,978.21 91,379,978.21
29. retained earnings
unit: rmb
items amount at period-end
retained earnings at the year-beginning 7,035,323.27
add: net profit as of the year -813,394,768.38
other transferred-in
less: provision of statutory surplus reserve
provision of statutory welfare fund
provision of arbitrary surplus reserve 300,000.00
retained profit -806,659,445.11
30. unconfirmed investment losses
unit: rmb
items amount at period-end amount at period-begin
unconfirmed investment losses 21,714,355.80 18,353,019.59
31. income and cost from main operations
(1) main operation classified according to industries
unit: rmb
amount in the period amount at the same period of last year
names of industries
operation income operation cost operation income operation cost
industry 359,888,341.93 357,402,995.25 602,094,274.02 585,565,582.85
including: related
transaction
7,334,700.00
subtotal 359,888,341.93 357,402,995.25 602,094,274.02 585,565,582.85
inner counteract 104,793,134.22 109,664,357.09 238,387,918.09 241,165,716.34
total 255,095,207.71 247,738,638.16 363,706,355.93 344,399,866.51
(2) main operations classified according to products
unit: rmb
amount in the period amount at the same period of last year
name of products
operation income operation cost operation income operation cost
61
feed 90,928,529.80 86,794,238.04 187,735,892.01 172,633,889.92
chicken cut-up 13,607,678.04 22,037,781.79 171,709,956.09 183,938,131.62
seeding chicken 22,897,334.03 29,509,030.28 96,753,009.11 92,605,210.19
food processing 210,631,739.69 204,994,779.17 121,455,657.14 121,687,797.16
feed machinery 21,823,060.37 14,217,165.97 24,439,759.67 14,700,553.96
including: related
transaction
7,334,700.00
subtotal 359,888,341.93 357,552,995.25 602,094,274.02 585,565,582.85
inner counteract 104,793,134.22 109,814,357.09 238,387,918.09 241,165,716.34
total 255,095,207.71 247,738,638.16 363,706,355.93 344,399,866.51
(3) main operation classified according to areas
unit: rmb
amount in the period amount at the same period of last year
areas
operation income operation cost operation income operation cost
domestic 344,970,164.15 345,410,430.38 578,297,305.92 560,835,522.05
overseas 14,918,177.78 11,992,564.87 23,796,968.10 24,730,060.80
including: related
transaction
7,334,700.00
total 359,888,341.93 357,402,995.25 602,094,274.02 585,565,582.85
inner counteract 104,793,134.22 109,664,357.09 238,387,918.09 241,165,716.34
total 255,095,207.71 247,738,638.16 363,706,355.93 344,399,866.51
32. taxation of main operations and extra
unit: rmb
items amount in the
period
amount at the same
period of last year payment standard
operation tax 76,751.00 180,331.68 income from storage
city construction tax 13,582.03 58,627.89 operation tax (vat paid)
education tax affixation 40,746.10 44,112.52
waterway project maintenance &
management expenses 2,127.69 14,704.15
total 133,206.82 297,776.24 /
33. other profit operations
unit: rmb
occurred amount in this period
occurred amount at the same period of last
items year
income cost profit income cost profit
sales income
from inferior
materials
1,385,911.39 1,089,540.25 296,371.14 1,060,573.59 1,034,617.33 25,956.26
sales income 1,579,374.62 1,118,238.90 461,135.72 2,284,131.48 1,126,918.79 1,157,212.69
62
from scrap
material
lease fee 3,721,335.98 3,294,772.74 426,563.24 4,434,432.83 4,504,056.15 -69,623.32
others 783,394.92 284,444.94 498,949.98 6,983,450.63 5,946,694.98 1,036,755.65
total 7,470,016.91 5,786,996.83 1,683,020.08 14,762,588.53 12,612,287.25 2,150,301.28
34. financial expenses
unit: rmb
items amount in this period amount at the same period of last year
interest expenses 16,279,054.90 14,860,915.76
less: interest income 170,424.60 193,901.55
exchange loss 281,485.62 24,913.97
less: exchange income
others 231,471.06 257,221.38
total 16,621,586.98 14,949,149.56
35. investment income
unit: rmb
items amount in this peri
od
amount at the same period of last
year
short-term investment income 47,431.20 -6,604.60
including: stock investment income -380.00
reserve for falling price of short-term
investment income
-47,431.20 6,224.00
long-term investment income 8,371,783.37 -433,722.21
including: income confirmed as per
equity method
-429,733.05 -1,154,572.53
balance amortization of long-term equity
investment 296,176.18 720,850.32
income from equity investment transfer 8,505,340.24
total 8,419,214.57 -440,326.81
36. subsidy income
unit: rmb
items amount in this period amount at the same period
of last year
subsidy due to bird flu 1,370,656.00
discount government income 416,800.00 100,000.00
muslim food subsidy 150,000.00 543,920.00
water saving subsidy (well) 50,000.00
income tax rebate 70,316.62
power expense subsidy 550,000.00
discount government loan poverty 250,000.00
63
alleviation office loan
compensation of chicken house 13,800,000.00
bounty of municipal famous trademark 100,000.00
total 15,337,116.62 2,064,576.00
37. non-operating income
unit: rmb
items amount in this period amount at the same period
of last year
net earnings from disposals of fixed
assets
19,820,466.22 2,008,165.17
compensation and penalty income 623.00 400.00
others 45,709.86 190,542.94
total 19,866,799.08 2,199,108.11
38. non-operating expenses
unit: rmb
items amount in this period amount at the same period
of last year
net loss of disposal of fixed assets 1,190,256.46 64,683.14
donation 1,300.00
expenditure of penalty 29,495.88 23,851.48
others 1,585.11 201,906.32
total 1,221,337.45 291,740.94
39. other cash received relating to operating activities
unit: rmb
items amount
payment of assets transfer received 54,724,210.00
income from lease 3,276,147.00
temporary loans 1,000,000.00
subsidy income 666,800.00
others 1,481,866.79
total 61,149,023.79
40. other cash paid relating to operating activities
unit: rmb
items amount
administrative and business expenses 11,141,307.93
vehicle transportation expenses 3,283,990.56
lease expense 6,433,779.62
others 7,077,916.49
64
total 27,936,994.60
(vi) notes to the main items of accounting statements of the parent company
1. accounts receivable
(1) aging of account receivable
unit: rmb
amount at the period-end amount at the year-beginning
ageing book balance book balance
amount proportion
reserve for bad
debts amount proportion
reserve for bad
debts
within
one year
20,390,874.98 26 611,726.25 21,291,833.34 27 638,755.00
1-2 years 82,528.83 8,252.87 154,062.69 15,406.27
2-3 years 136,622.69 20,493.40
3 years 57,460,039.87 74 57,251,363.93 57,330,349.32 73 57,251,363.92
total 78,070,066.37 100 57,891,836.45 78,776,245.35 100 57,905,525.19
(2) change on reserve for bad debts of accounts receivable
unit: rmb
decrease in this period
items amount at
period-begin transfer-outs total
amount at
period-end
provision for bad debts of
account receivable
57,905,525.19 13,688.74 13,688.74 57,891,836.45
(3) the top five arrearages of accounts receivable
unit: rmb
amount at period-end amount at period-begin
amount proportion amount proportion
total and proportion of the
top five arrearages units
17,803,636.39 22.80 14,274,462.87 18.12
(4) no arrearages of shareholder holding over 5% (including 5%) with voting right
shares of the company in accounts receivable in the report period.
2. other receivables
(1) aging analysis
unit: rmb
ageing amount at the period-end amount at the year-beginning
book balance book balance
amount proportion
reserve for bad
debts amount proportion
reserve for bad
debts
within
one year
51,414,694.88 19 1,542,440.84 4,481,185.36 2 134,435.56
1-2 944,706.28 94,470.63 4,669,674.52 2 466,967.44
65
years
2-3
years
38,607.58 5,791.14
3 years 223,175,421.71 81 35,104,903.17 211,554,428.07 96 35,100,799.17
total 275,573,430.45 100 36,747,605.78 220,705,287.95 100 35,702,202.17
(2) changes on reserve for bad debts of other receivables
unit: rmb
items
balance at
period-begin
increase in this
period
balance at
period-end
reserve for bad debts of other
receivables
35,702,202.17 1,045,403.61 36,747,605.78
(3) the top five arrearages of other receivables
unit: rmb
amount at period-end amount at period-begin
amount proportion amount proportion
total and proportion of the top
five arrearages units
179,323,662.79 65.07 103,931,525.48 47.09
(4) particulars about shareholder holding over 5% (including 5%) with voting right
shares of the company owing the company in other receivables in the report period.
unit: rmb
amount at period-end amount at period-begin
name of units
arrearages
amount of
withdrawal of
bad debts
arrearages
amount of
withdrawal of
bad debts
songjiang feed company 34,986,724.59 6,997,344.92 34,986,724.59 6,997,344.92
songjiang district livestock and
poultry company
22,491,149.73 4,498,229.95 22,491,149.73 4,498,229.95
total 57,477,874.32 11,495,574.87 57,477,874.32 11,495,574.87
3. payment in advance
(1) no arrearages of shareholder holding over 5% (including 5%) with voting right
shares of the company in payment in advance in the report period.
4. long-term investments:
(1) classification of long-term investment
unit:
rmb
items
amount at
period-begin
increase in this
period
decrease in
this period
amount at
period-end
stock investment 58,250,000.00 58,250,000.00
66
investment for subsidiary 263,156,824.52 11,798,502.20 274,955,326.72
investment for joint venture
company
8,091,847.84 -475,962.80 7,615,885.04
other equity investment 46,839,195.18 46,839,195.18
balance of equity investment -9,254,710.34 -8,958,534.16
total 367,083,157.20 11,322,539.40 -296,176.18 378,701,872.78
less: provision for
depreciation of long-term
equity investment
1,229,623.23 1,229,623.23
total net amount of
long-term equity investment
365,853,533.97 / / 377,472,249.55
(2) long-term stock investment
unit: rmb
names of
investee
types
amount of
stocks
proportion to
registered
capital of
investee (%)
original
investment
cost
book balance
book net
amount
yangtze river
development
co., ltd.
legal
person’s
shares
5,000,000 0.77 7,000,000.00 7,000,000.00 7,000,000.00
shanghai
shenyin
securities co.,
ltd
legal
person’s
shares
51,760,000 1.23 51,250,000.00 51,250,000.00 51,250,000.00
total / 56,760,000 / 58,250,000.00 58,250,000.00 58,250,000.00
(3) other equity investment
unit:
rmb
1) investments for subsidiaries, joint venture companies and affiliated companies
names of
investee
relation
with parent
company
proportion
to
registered
capital of
investee
(%)
investment
term
investment cost
balance at
period-begin
increase/dec
rease in the
period
accumulated
increase/
decrease
amount
balance at
period-end
calculation
method
shandong
jining
dajiang
farming
industry
and
commerce
company
investment
for
affiliated
company
50 1986-12 ～
2006-12
3,000,000.00
1,229,623.23
-1,770,376.7
7
1,229,623.2
3
equity
method
shandong
huping investment 50 1987-01 ～ 400,000.00 0.72 181,743.72 581,743.72 equity
67
farming
industry
and
commerce
united
company
for
affiliated
company
2006-01 581,743.00
method
shanghai
dahua
appliances
co., ltd.
investment
for
affiliated
company
45.75 1988-11 ～
2020-11
12,402,500.00
6,082,184.41
-481,816.76
-6,802,132.3
5
5,600,367.6
5
equity
method
shanghai
luwan
dajiang
foods
trading
store
investment
for
affiliated
company
40 1992-07 ～
2002-06
260,000.00
198,297.20
5,853.24 -55,849.56 204,150.44
equity
method
changzhou
dajiang
anima
feed co.,
ltd
investment
for
subsidiary
94.40 1991-11 ～
2010-08
20,720,000.00
15,924,359.38
-5,157.71
-4,800,798.3
3
15,919,201.
67
equity
method
changzhou
dajiang
anima
feed co.,
ltd
investment
for
subsidiary
95.00 1992-01 ～
2046-12
34,834,600.00
12,945,550.33
-155,185.71
-22,044,235.
38
12,790,364.
62
equity
method
shanghai
dajiang
guangxing
chicken
farm
investment
for
subsidiary
100.00 1990-01 ～
2044-12
9,000,000.00
6,587,425.21
3,549,118.07 1,136,543.28
10,136,543.
28
equity
method
songjiang
huayang
chicken
farm
investment
for
subsidiary
55.00 1995-12 ～
2044-12
2,640,000.00
0
-2,640,000.0
0
0
equity
method
songjiang
tahui
chicken
farm
investment
for
subsidiary
55.00 1995-12 ～
2044-12
2,090,000.00
1,611,941.31
12,264.45 -465,794.24
1,624,205.7
6
equity
method
songjiang
changxing
meat
animal
farm
investment
for
subsidiary
100.00 1994-01 ～
2045-08
16,800,000.00
0
-16,800,000.
00
0
equity
method
songjiang
xinglou
meat
animal
investment
for
subsidiary
100.00 1994-01 ～
2045-08
16,800,000.00
0
-16,800,000.
00
0
equity
method
68
farm
songjiang
huangqiao
meat
animal
farm
investment
for
subsidiary
100.00 1994-01 ～
2045-08
16,800,000.00
0
-16,800,000.
00
0 权益法核算
songjiang
xilin meat
animal
farm
investment
for
subsidiary
100.00 1994-01 ～
2045-08
16,800,000.00
11,587,637.30
-67,866.25
-5,280,228.9
5
11,519,771.
05
equity
method
songjiang
songxin
meat
animal
farm
investment
for
subsidiary
100.00 1994-01 ～
2045-08
16,800,000.00
10,686,319.39
-10,686,319.
39
-16,800,000.
00
0
equity
method
songjiang
chendu
meat
animal
farm
investment
for
subsidiary
100.00 1994-01 ～
2045-08
16,800,000.00
12,412,575.14
7,963,592.2
0
3,576,167.34
20,376,167.
34
equity
method
qingpu
maoyang
meat
animal
farm
investment
for
subsidiary
100.00 1994-01 ～
2045-08
16,800,000.00
13,712,951.98
-205,063.18
-3,292,111.2
0
13,507,888.
80
equity
method
qingpu
shengang
baowei
meat
chicken
farm
investment
for
subsidiary
100.00 1995-01 ～
2044-12
6,800,000.00
6,762,854.39
-226,279.29 -263,424.90
6,536,575.1
0
equity
method
qingpu
shengang
xinbang
meat
chicken
farm
investment
for
subsidiary
100.00 1995-01 ～
2044-12
6,800,000.00
7,205,435.30
-207,498.36 197,936.94
6,997,936.9
4
equity
method
qingpu
shengang
wangjin
meat
chicken
farm
investment
for
subsidiary
100.00 1992-01 ～
2042-12
8,400,000.00
7,984,007.56
-443,635.50 -859,627.94
7,540,372.0
6
equity
method
qingpu investment 100.00 1995-01 ～ 5,400,000.00 -175,684.46 -754,393.02 4,645,606.9 equity
69
zhaoxiang
songze
meat
chicken
farm
for
subsidiary
2044-12 4,821,291.44
8 method
qingpu
huancheng
tailai meat
chicken
farm
investment
for
subsidiary
100.00 1995-01 ～
2044-12
6,800,000.00
0
-6,800,000.0
0
0
equity
method
qingpu
liantang
zhujiazhua
ng meat
chicken
farm
investment
for
subsidiary
100.00 1995-01 ～
2044-12
6,800,000.00
6,837,572.01
-229,256.52 -191,684.51
6,608,315.4
9
equity
method
qingpu
zhengding
xunan
meat
chicken
farm
investment
for
subsidiary
100.00 1995-01 ～
2044-12
6,800,000.00
6,695,354.73
-235,673.93 -340,319.20
6,459,680.8
0
equity
method
qingpu
zhengding
dabing
meat
chicken
farm
investment
for
subsidiary
100.00 1995-01 ～
2044-12
6,800,000.00
7,226,562.57
-211,568.81 214,993.76
7,014,993.7
6
equity
method
qingpu
gushi meat
animal
farm
investment
for
subsidiary
80.00 1995-01 ～
2045-12
18,000,000.00
17,152,432.24
1,014,076.3
8
166,508.62
18,166,508.
62
equity
method
shanghai
dajiang
meat
processing
no. 2 plant
investment
for
subsidiary
85.00 1988-06 ～
2045-08
44,200,000.00
0
-44,200,000.
00
0
equity
method
shanghai
dajiang
meat
processing
no. 4 plant
investment
for
subsidiary
90.00 1991-11 ～
2045-08
45,000,000.00
22,523,724.91
-1,328,723.5
0
-23,804,998.
59
21,195,001.
41
equity
method
shangahi
shende
investment
for
75.00 1992-08 ～
2017-08
17,216,400.00
24,239,679.83
1,356,704.3
7
8,379,984.20
25,596,384.
20
equity
method
70
machinery
co., ltd.
subsidiary
shanghai
dajiang
chicken
farm
investment
for
subsidiary
50.00 1987-01 ～
2011-01
9,000,000.00
0
-9,000,000.0
0
0
equity
method
qingpu
yemabang
chicken
farm
investment
for
subsidiary
50.00 1988-08 ～
2008-07
1,500,000.00
-292,087.19
-1,792,087.1
9
-292,087.1
9
equity
method
shanghai
dajiang
tianma
general
poultry
plant
investment
for
subsidiary
50.00 1991-05 ～
2009-12
9,000,000.00
10,374,433.89
253,834.75 1,628,268.64
10,628,268.
64
equity
method
zaoyang
dajiang
poultry
co., ltd.
investment
for
subsidiary
95.00 2001-09 ～
2001-09
8,493,475.00
-8,493,475.0
0
0
equity
method
shanghai
dajiang
meat
processing
no. 6 plant
investment
for
subsidiary
49.00 ～ 22,550,000.00
6,575,211.80
-307,732.49
-16,282,520.
69
6,267,479.3
1
equity
method
shanghai
dajiang real
estate co.,
ltd.
investment
for
subsidiary
90.00 2002-09 ～
2022-09
18,000,000.00
16,661,230.62
-1,064,363.1
5
-2,403,132.5
3
15,596,867.
47
equity
method
liaoning
buxin
dajiang
co., ltd.
investment
for
subsidiary
53.75 2002-05 ～
2022-05
24,859,292.59
8,174,502.34
-6,032,333.5
3
-22,717,123.
78
2,142,168.8
1
equity
method
shanghai
dajiang
feed co.,
ltd
investment
for
subsidiary
90.00 2005-05 ～
2015-05
8,516,049.19
15,565,858.04
1,231,253.7
6
8,281,062.61
16,797,111.
80
equity
method
handi
property
investment
for
subsidiary
51.00 2005-01 ～
2045-01
9,180,000.00
9,180,000.00
-
9,180,000.0
0
equity
method
kechuang
property
investment
for
subsidiary
100 2006-05 ～
2026-05
18,000,000.00
18,000,000.
00
18,000,000.
00
equity
method
71
2) other equity investment
investees
proportion to
registered
capital of
investee (%)
investment
term
investment
cost
balance at
period-begin
accumulated
increase/decrease
amount
balance at
period-end
calculation
method
shanghai
baoding
investment co.,
ltd
0.09 2000-12 ～
2000-12
62,500.00 62,500.00 62,500.00 62,500.00
cost
method
shanghai
songjiang export
process district
haixin
construction
development co.
3.02 2000-8 ～
2030-8
15,000,000.00 15,000,000.00 15,000,000.00 15,000,000.00
cost
method
shanghai
huayuan life
science co., ltd
16.50 2003 ～
2003
31,776,695.18 31,776,695.18 31,776,695.18 31,776,695.18
cost
method
3) impairment provisions of equity investment
impairment provisions
investee amount at
period-begin
amount at
period-end
shandong jining dajiang farming industry and commerce
company 1,229,623.23 1,229,623.23
(4) balance of equity investment
unit: rmb
names of
investees
amount at
period-begin
balance at
period-begin
amount of
amortization
balance at
period-end
reason for
forming
year limit for
amortization
zaoyang
dajiang birds
industry co.
-5,733,100.88 -8,493,482.79 -5,733,100.88
balance of
original
investment cost
and enjoyed net
profit
10 years
yangzhou
dajiang animal
feed co., ltd
-185,763.59 -371,527.19 18,576.36 -167,187.23
balance of
original
investment cost
and enjoyed net
profit
10 years
shanghai
dajiang meat
food 6th co.,
-2,883,267.16 -4,873,127.60 243,656.38 -2,639,610.78
balance of
original
investment cost
10 years
72
ltd and enjoyed net
profit
changzhou
dajiang animal
feed co., ltd
-452,578.71 -678,868.26 33,943.44 -418,635.27
balance of
original
investment cost
and enjoyed net
profit
10 years
total -9,254,710.34 -14,417,005.84 296,176.18 -8,958,534.16 / /
table of chang in shares
before the change increase/decrease in this time (+,-) after the change
number proportion
issuance of
new share
bonus
share
capital reserve
transferring into
share capital
other subtotal number proportion
total
share
5. retained profit
unit: rmb
items amount at the period-end
net profit 7,702,294.40
add: retained profit at the year-begin -802,266,925.73
other transfer-in
less: withdrawing statutory surplus reserve
withdrawing statutory welfare funds
retained profit -794,564,631.33
6. income and cost from main operations
(1) main operation classified according to industries
unit: rmb
amount in the period amount at the same period of last year
names of industries
operating income operation cost operating income operation cost
industry 155,030,467.11 155,917,547.56 302,728,463.07 304,494,712.48
subtotal 155,030,467.11 155,917,547.56 302,728,463.07 304,494,712.48
total 155,030,467.11 155,917,547.56 302,728,463.07 304,494,712.48
(2) main operation classified according to areas
unit: rmb
amount in the period amount at the same period of last year
areas
operating income operation cost operating income operation cost
73
domestic 145,308,496.15 147,037,495.03 282,582,559.26 281,524,566.27
overseas 9,721,970.96 8,880,052.53 20,145,903.81 22,970,146.21
subtotal 155,030,467.11 155,917,547.56 302,728,463.07 304,494,712.48
total 155,030,467.11 155,917,547.56 302,728,463.07 304,494,712.48
7. investment income
unit: rmb
items
amount in this period amount at the same period
of last year
short-term investment income 47,431.20 -16,398.60
including: stock investment income -420.00
reserve for falling price of short-term
investment income
-47,431.20
other short-term investment income -15,978.60
long-term investment income 12,810,375.21 -12,362,837.52
including: income confirmed as per
equity method
4,008,858.79 -13,083,687.84
balance amortization of long-term equity
investment
296,176.18 720,850.32
income from equity investment transfer 8,505,340.24
total 12,857,806.41 -12,379,236.12
(vii) related parties and their transactions
1. basic information about related parties existing controlling relationship
name of related parties registered place
relation with
the company
economic nature
shanghai songjiang feed company shanghai
songjiang district
controlling
shareholder
sole corporation
shanghai dajiang desheng feed
factory
shanghai
songjiang district
controlling
subsidiary
other
changzhou dajiang livestock and
poultry feed company
jiangsu changzhou
controlling
subsidiary
other
yangzhou dajiang livestock and
poultry feed company
jiangsu yangzhou
controlling
subsidiary
other
shanghai dajiang feed co., ltd
shanghai
songjiang district
controlling
subsidiary
other
shanghai dajiang guangxing
hennery
shanghai
songjiang district
controlling
subsidiary
other
songjiang district huayang
hennery
shanghai
songjiang district
controlling
subsidiary
other
songjiang district tahui hennery
shanghai
songjiang district
controlling
subsidiary
other
songjiang xilin meat animal farm shanghai controlling other
74
songjiang district subsidiary
songjiang chendu meat animal
farm
shanghai
songjiang district
controlling
subsidiary
other
qingpu maoyang meat animal
farm
shanghai qingpu
county
controlling
subsidiary
other
qingpu shenxiang baowei broiler
farm
shanghai qingpu
county
controlling
subsidiary
other
qingpu shenxiang xinjing broiler
farm
shanghai qingpu
county
controlling
subsidiary
other
qingpu shenxiang wangjin broiler
farm
shanghai qingpu
county
controlling
subsidiary
other
qingpu zhaoxiang songze broiler
farm
shanghai qingpu
county
controlling
subsidiary
other
qingpu liantang zhu village
broiler farm
shanghai qingpu
county
controlling
subsidiary
other
qingpu zhengdian xunan broiler
farm
shanghai qingpu
county
controlling
subsidiary
other
qingpu zhengdian dabang broiler
farm
shanghai qingpu
county
controlling
subsidiary
other
qingpu district gushi broiler farm shanghai qingpu
county
controlling
subsidiary
other
shanghai dajiang meat no. 2 plant shanghai
songjiang district
controlling
subsidiary
other
shanghai dajiang meat no. 4 plant shanghai
songjiang district
controlling
subsidiary
other
shanghai shende machinery co.,
ltd.
shanghai
songjiang district
controlling
subsidiary
other
shanghai dajiang meat food plant
shanghai
songjiang district
controlling
subsidiary
other
qingpu yemabin hennery shanghai qingpu
county
controlling
subsidiary
other
shanghai dajiang tianma broiler
farm
shanghai
songjiang district
controlling
subsidiary
other
zaoyang city poultry co., ltd.
hubei zaoyang
controlling
subsidiary
other
shanghai dajiang real estate co.,
ltd.
shanghai
songjiang district
controlling
subsidiary
other
fuxin dajiang co., ltd.
liaoning fuxin
controlling
subsidiary
other
shanghai shenliang engineering
installation co., ltd.
shanghai
songjiang district
controlling
subsidiary
other
shanghai handi property
development co., ltd
shanghai
songjiang district
controlling
subsidiary
other
75
shanghai dajiang kechuang
property co., ltd.
shanghai
songjiang district
controlling
subsidiary
other
2. registered capital of the related parties existing controlling relationship and change
unit: rmb
name of related parties
amount of registered capital at
the period-begin
increase/decrease of
registered capital
amount of registered
capital at the period-end
shanghai songjiang feed
company
576.60 576.60
shanghai dajiang desheng feed
factory
900.00 900.00
changzhou dajiang livestock
and poultry feed company
2,195.00 2,195.00
yangzhou dajiang livestock and
poultry feed company
3,666.80 3,666.80
shanghai dajiang feed co., ltd 2,000.00 2,000.00
shanghai dajiang guangxing
hennery
900.00 900.00
songjiang district huayang
hennery
480.00 480.00
songjiang district tahui hennery 380.00 380.00
songjiang xilin meat animal
farm
1,680.00 1,680.00
songjiang chendu meat animal
farm
1,680.00 1,680.00
qingpu maoyang meat animal
farm
1,680.00 1,680.00
qingpu shenxiang baowei
broiler farm
680.00 680.00
qingpu shenxiang xinjing
broiler farm
680.00 680.00
qingpu shenxiang wangjin
broiler farm
840.00 840.00
qingpu zhaoxiang songze
broiler farm
540.00 540.00
qingpu liantang zhu village
broiler farm
680.00 680.00
qingpu zhengdian xunan broiler
farm
680.00 680.00
qingpu zhengdian dabang
broiler farm
680.00 680.00
qingpu district gushi broiler
farm
1,800.00 1,800.00
76
shanghai dajiang meat no. 2
plant
5,200.00 5,200.00
shanghai dajiang meat no. 4
plant
5,000.00 5,000.00
shanghai shende machinery co.,
ltd.
2,295.52 2,295.52
shanghai dajiang meat food
plant
1,800.00 1,800.00
qingpu yemabin hennery 300.00 300.00
shanghai dajiang tianma broiler
farm
1,800.00 1,800.00
zaoyang city poultry co., ltd. 894.05 894.05
shanghai dajiang real estate
co., ltd.
2,000.00 2,000.00
fuxin dajiang co., ltd. 5,064.8472 5,064.8472
shanghai shenliang engineering
installation co., ltd.
300.00 300.00
shanghai handi property
development co., ltd
1,800.00 1,800.00
shanghai dajiang kechuang
property co., ltd.
1,800.00 1,800.00
3. change in shares held by related party existing controlling relationship
unit: rmb
name of related
parties
number of
share held
by related
parties at the
period-begin
proportion of
share held by
related parties at
the period-begin
(%)
increase/decrease
of shares
increase/decrease
of proportion
number of
share held by
related
parties at the
period-end
proportion of
share held by
related parties at
the period-end
(%)
shanghai
songjiang feed
company
17,200.3709 25.43 17,200.3709 25.43
shanghai dajiang
desheng feed plant
895.50 99.50 895.50 99.50
changzhou dajiang
livestock and
poultry feed
company
2,072.00 94.40 2,072.00 94.40
yangzhou dajiang
livestock and
poultry feed
company
3,483.46 95.00 3,483.46 95.00
shanghai dajiang 1,999.00 99.95 1,999.00 99.95
77
feed co., ltd.
shanghai dajiang
guangxing
hennery
900.00 100.00 900.00 100.00
songjiang district
huayang hennery
264.00 55.00 264.00 55.00
songjiang district
tahui hennery
209.00 55.00 209.00 55.00
songjiang xilin
broiler farm
1,680.00 100.00 1,680.00 100.00
songjiang chendu
broiler farm
1,680.00 100.00 1,680.00 100.00
qingpu maoyang
broiler farm
1,680.00 100.00 1,680.00 100.00
qingpu shenxiang
baowei broiler
farm
680.00 100.00 680.00 100.00
qingpu shenxiang
xinjing broiler
farm
680.00 100.00 680.00 100.00
qingpu shenxiang
wangjin broiler
farm
840.00 100.00 840.00 100.00
qingpu zhaoxiang
songze broiler
farm
540.00 100.00 540.00 100.00
qingpu liantang
zhu village broiler
farm
680.00 100.00 680.00 100.00
qingpu zhengdian
xunan broiler
farm
680.00 100.00 680.00 100.00
qingpu zhengdian
dabang broiler
farm
680.00 100.00 680.00 100.00
shanghai dajiang
meat no. 2 plant
1,800.00 80.00 1,800.00 80.00
shanghai dajiang
meat no. 2 plant
4,420.00 85.00 4,420.00 85.00
shanghai dajiang
meat no. 4 plant
4,500.00 90.00 4,500.00 90.00
shanghai shende
machinery co.,
1,721.64 75.00 1,721.64 75.00
78
ltd.
shanghai dajiang
meat food plant
900.00 50.00 900.00 50.00
qingpu yemabin
hennery
150.00 50.00 150.00 50.00
shanghai dajiang
tianma broiler
farm
900.00 50.00 900.00 50.00
zaoyang city
poultry co., ltd.
849.3475 95.00 849.3475 95.00
shanghai dajiang
real estate co.,
ltd.
1,800.00 90.00 1,800.00 90.00
puxin dajiang co.,
ltd.
3,154.8472 70.82 3,154.8472 70.82
shanghai shenliang
engineering
installation co.,
ltd.
231.75 77.25 231.75 77.25
shanghai handi
property
development co.,
ltd
918.00 51.00 918.00 51.00
shanghai dajiang
kechuang property
co., ltd.
1,800.00 100.00 1,800.00 100.00
4. basic information about related party existing no controlling relationship
names of related parties relation with the company
shanghai songjiang livestock and poultry company share-holding shareholder
shandong huping farming, industrial & commercial co., ltd jointly controlled entities
shanghai luwan dajiang food operating department jointly controlled entities
shanghai dahua appliance co., ltd. jointly controlled entities
shanghai huayuan biological sciences co., ltd. jointly controlled entities
5. related transactions
(1) related transactions for purchasing commodity and supplying labors
unit: rmb
related party transactions
pricing
rules
amount in the period
amount in the same period of
last year
79
amount
proportion to
same type
transactions
(%)
amount
proportion to
same type
transactions
(%)
shanghai
luwan dajiang
food operating
department
sales of
chicken
as per
market
price
7,334,700.00 5.2% 8,065,410.57 4.7%
6. accounts receivable and payable of related parties
unit: rmb
names related parties
amount at
period-begin
amount at
period-end
accounts
receivable
shandong huping farming industrial and
commercial joint company
882,182.42 455,684.96
accounts
receivable
shanghai luwan dajiang food operating
department
1,454,422.00 2,004,422.00
other
receivables
shanghai huayuan biological sciences co.,
ltd.
479,536.37 486,913.93
other
receivables
shanghai songjiang feed company 34,986,724.59 34,986,724.59
other
receivables
shanghai songjiang livestock and poultry
company
22,491,149.73 22,491,149.73
accounts
payable
shanghai dahua appliance co., ltd. 1,359,295.28 1,359,295.28
(viii) contingent events: naught
(ix) commitments:
(i) contingent liabilities formed by un-ruled lawsuits and arbitrages and its financial
influence: naught
(ii) contingent liabilities formed by supplying debts guarantees between the company
and related parties ended june 30, 2006 (unit: rmb)
1. guarantee provided by the company for related parties
warrantee guarantee
amount
maturity of debts influence on
financing of the
company
related parties:
shanghai shende machinery co., 1,600.00 nov. 13, 2006 naught
80
ltd.
the 2nd meat food of shanghai
dajiang
1,450.00 mar. 6, 2007 naught
fuxin dajiang co., ltd. 4,450.00 apr. 30, 2007 naught
total 7,500.00
2. guarantee provided by the related parties for the company
warrantor guarantee
amount
maturity of debts influence on
financing of the
company
related parties
shanghai dahua appliance co., ltd. 1,500.00 nov. 13, 2006 naught
the 6th meat food of shanghai
dajiang
900.00 sep. 11, 2006 naught
shanghai shende machinery co.,
ltd.
3,600.00 oct. 15, 2006 naught
joint guarantee between the 4th meat
food of shanghai dajiang and
shanghai shende machinery co.,
ltd.
1,500.00 oct. 25, 2006 naught
joint guarantee among shanghai
shende machinery co., ltd.,
shanghai dajiang real estate co.,
ltd. and the 2nd meat food of
shanghai dajiang
800.00 nov. 10, 2006 naught
shanghai dajiang feed co., ltd. 900.00 dec. 18, 2006 naught
total 9,200.00
3. guarantee between related parties
warrantee warrantor guarantee
amount
maturity of
debts
influence on financing
of the company
between the related parties
shanghai shende
machinery co.,
ltd.
shanghai dajiang
real estate co.,
ltd.
2,600.00 8 may 2007 naught
81
(iii) other contingent liabilities: naught
(iv) the external contract and the relevant financial expenditure signed but no
performance or no complete performance: naught
(v) the contract singed but is preparing to perform and influence on the financing:
naught
(vi) the lease contract singed but is preparing to perform and influence on the
financing: naught
(vii) other significant financial commitments:
1. capital mortgaged:
(1) the company borrowed short-term loan amounting to rmb 149.5 million from
the bank, using buildings as mortgage with the original value amounting to rmb
81,092,100.
(2) a controlling subsidiary of the company, fuxin dajiang co., ltd. borrowed
long-term loan amounting to rmb 20 million and short-term loan amounting to rmb
44.5 million from the bank, using buildings and machinery equipment as mortgage
with the original value amounting to rmb 79.16 million.
(3) a controlling subsidiary of the company, shanghai songjiang xincheng real
estate co., ltd. borrowed long-term loan amounting to rmb 107 million from the
bank and short-term loan amounting to rmb 14 million, using commercial residential
building in developing as mortgage with the original value amounting to rmb241.71
million.
(4) a subsidiary of the company, changzhou dajiang livestock & poultry feed co.,
ltd. borrowed short-term loan amounting to rmb 10 million from the bank, using
buildings as mortgage with the original value amounting to rmb 8.86 million.
(5) a controlling subsidiary of the company, the 6th meat food plant of shanghai
dajiang borrowed short-term loan amounting to rmb 9 million from the bank, using
buildings as mortgage with the original value amounting to rmb 13.87 million.
(6) a controlling subsidiary of the company, shanghai dahua appliance co., ltd.
borrowed short-term loan amounting to rmb 15 million from the bank, using
buildings as mortgage with the original value amounting to rmb 16.38 million.
assts pledged:
the company borrowed short-term loan amounting to rmb 34 million from the bank,
using its legal person shares of shenyin & wanguo securities co., ltd. as pledge with
the original value amounting to rmb 51.25 million.
(x) post balance sheet date
the approval on the feasibility study report of the quitted programs of the
livestock & poultry farms in the upper stream water source reserve of huangpu
river was issued by shanghai municipal development and reform commission in
2004 (hfgt [2004]no.014). according to the spirit of the file, as of the report date,
82
all the poultry farms affiliated to the company have stopped operation except
shanghai dajiang tianma poultry farm.
(xi) other significant events
(1) particulars about the share merger reform implemented by the company and
progress:
on dec. 28, 2005, the shareholders’ general meeting related with the share merger
reform of a-share of the company examined and passed the share merger reform
plan of shanghai dajiang (group) stock co., ltd.. the said plan must be predicated
on completion of equity transfer agreement signed among luting (hong kong) co.,
limited and shanghai songjiang feed company and shanghai songjiang livestock
& poultry company in 2004, namely, the said share merger reform plan can be
implemented only after completion of equity transfer. the said equity transfer was not
examined and approved by csrc as yet, thus, the implementation date of the said
share merger reform plan was not determined.
(2) other material matters to be disclosed
1. the equity transfer agreement signed among luting (hong kong) co., limited
and shanghai songjiang feed company and shanghai songjiang livestock & poultry
company was not examined and approved by csrc as yet, thus, the both parties of
the aforesaid equity transfer signed the supplemental agreement of equity transfer
and the supplemental agreement of co-management on nov. 9, 2005, which the both
parties agreed to continually perform the equity transfer agreement and
co-management agreement signed on nov. 13, 2004 during from oct. 31, 2005 to
jun. 30, 2006, and further deepened the co-management work of the company before
the completion of equity transfer so as to ensure the sustaining and steady
development of the company in respect of production and operation.
2. the sponsor shareholders of the company, shanghai songjiang feed company,
shanghai songjiang livestock and poultry company, and chai shanghai co., ltd.
replaced unamortized balance of unproper assets of value-added long-term investment
evaluation amounting to rmb 124,955,748.63 (originally listed “balance of equity
investment) with cash, of which shanghai songjiang feed company rmb
37,486,724.59 and shanghai songjiang livestock and poultry company rmb
24,991,149.73 and chai shanghai co., ltd. rmb 62,477,874.31. the three sponsor
shareholders signed agreement with the company on dec. 21, 2000, and committed to
make the cash for replacement available in five years since the signing date.
on apr. 18, jun. 17, and jul. 25, 2002, chai shanghai co., ltd. respectively paid
back arrearage of usd 3.8 million (translated into rmb 31, 453, 360), usd 2 million
(translated into rmb 16,553,000), rmb 24, 470,714.31, totaled rmb 62, 477,847.31.
at present, chai shanghai co., ltd. paid back all arrearages. on nov. 14, 2003,
shanghai songjiang feed company and shanghai dajiang livestock and poultry
company respectively paid back rmb 2.5 million. ended dec. 31, 2005, the balance
of arrearage of two sponsor shareholder was rmb 57,477,874.32, of which, shanghai
songjiang feed company 34,986,724.59 and shanghai songjiang livestock and
83
poultry company rmb 22, 491, 149.73. as the shareholder had owned the debt for
five years, the company has made 20% bad debt provision according to the bad debt
provision principle, totaling rmb 11,495,574.86 yuan. on nov. 13, 2004, luting
(hong kong) co., limited signed the equity transfer agreement of shanghai dajing
(group) stock co., ltd. with shanghai songjiang feed company and shanghai
songjiang livestock and poultry company, which promised that shanghai songjiang
feed company and shanghai songjiang livestock and poultry company transferred
the state-owned legal person shares of the company held by them to luting (hong
kong) co., limited. the company held the board meeting of the 4th board of
directors on nov. 19, 2004, in which examined and approved the solution to
shanghai songjiang feed company and shanghai songjiang livestock & poultry
company’s unliquidated debt owing to shanghai dajiang (group) holdings co.,
ltd., the said companies and the company came to the following repaying plan after
negotiation because of bad operation situation and difficult financial status in
shanghai songjiang feed company and shanghai songjiang livestock and poultry
company, namely, feed company and livestock and poultry company would
respectively repay the arrearage to the company with the transfer payment of
state-owned equity within ten working day after the completion of state-owned equity
transfer. the company has obtained approval on the said equity transfer matter from
the state-owned assets supervision and administration commission of the state
council and department of commerce, but csrc still need to issue an unqualified
letter with the said acquisition and approve the immunity from offering purchase
obligation of luting (hong kong) co., limited.
3. ended dec. 31, 2005, the balance of “taxes payable-vat” of the company was
rmb -169,399,213.00 through auditing by the tax bureau, which would be remained
in the company for deduction in the operation and production in the future.
4. ended dec. 31, 2005, the consolidated net current liabilities of the company were
rmb 201,529,014.18 and consolidated retained profit was rmb – 806,659,445.11.
based on the above reason, in preparing the financial statements, the board prudently
considered about the liquidity of the assets of the company and operating prospect.
the financial statements were prepared based on the principle of consistent operation
of the company. the board believed, bank loan of the company maturing in 2006
would obtained the deferred support from the bank, including the bank would provide
extra loan credit, which would support the company to possess enough capital and
satisfy the need of daily operation and maturity commitment.
once the company can’t obtain the above consistent financial support or other
external capital from the bank, the company possibly couldn’t keep operating the
business of the company. correspondingly, the adjustment needed conducting
included: reevaluate the assets; contingent liabilities withdrawn; re-dividing long-term
assets and long-term liabilities as current assets and current liabilities. the financial
statements didn’t include any adjustment arising from inconsistent operation.
84
chapter vii. documents available for reference
1. accounting statements with signatures and seals of the legal representative and
cfo;
2. in the report period, the original documents and announcements of the company
publicly disclosed in shanghai securities news and hong kong ta kung pao;
3. the articles of association of the company.
chairman of the board: lei liguang
shanghai dajiang (group) stock co., ltd.
august 25, 2006
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