上海自动化仪表股份有限公司2006年半年度报告
目 录
一、重要提示....................................................................... 1
二、公司基本情况 .................................................................. 1
四、董事、监事和高级管理人员..................................................... 5
五、管理层讨论与分析.............................................................. 6
六、重要事项...................................................................... 10
七、财务会计报告(未经审计) ...................................................... 16
八、备查文件目录 ................................................................. 63
上海自动化仪表股份有限公司 2006 年中期报告
shanghai automation instrumentation co.,ltd. interim report 2006
1
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、董事朱惠良先生因公未能出席本次董事会，委托公司董事长徐伟先生代为出席并对本次会议各项
议案行使表决权。独立董事裴静之先生因公未能出席本次董事会，委托公司独立董事黄祥鹭先生代
为出席并对本次会议各项议案行使表决权。
3、公司中期财务报告未经审计。
4、公司负责人董事长徐伟先生，主管会计工作负责人总经理范幼林先生及会计机构负责人（会计主
管人员）副总经理兼资财部经理吴剑啸先生声明：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：上海自动化仪表股份有限公司
公司法定中文名称缩写：自仪股份
公司法定英文名称：shanghai automation instrumentation co.,ltd.
公司法定英文名称缩写：saic
2、 公司 a 股上市交易所：上海证券交易所
公司 a 股简称：st 自仪
公司 a 股代码：600848
公司 b 股上市交易所：上海证券交易所
公司 b 股简称：st 自仪 b
公司 b 股代码：900928
3、 公司注册地址：上海市虹漕路 41 号
公司办公地址：上海市虹漕路 41 号
邮政编码：200233
公司国际互联网网址：http://www.saic.sh.cn
公司电子信箱：bod@saic.sh.cn
4、 公司法定代表人：徐伟
5、 董事会秘书：缪丹桦
电话：021-54260980
传真：021-54262329
e-mail：mdh@saic.sh.cn
上海自动化仪表股份有限公司 2006 年中期报告
shanghai automation instrumentation co.,ltd. interim report 2006
2
联系地址：上海市虹漕路 41 号
公司证券事务代表：蒋蕾
电话：021-54260980
传真：021-54262329
e-mail：jianglei@saic.sh.cn
联系地址：上海市虹漕路 41 号
6、 公司信息披露报纸名称：《上海证券报》、香港《文汇报》
登载公司中期报告的中国证监会指定国际互联网网址：http://www.sse.com.cn
公司中期报告备置地点：上海市虹漕路 41 号
7、 公司其他基本情况：
公司首次注册登记日期：1993 年 12 月 20 日
公司首次注册登记地点：上海市工商行政管理局
公司变更注册登记日期：2004 年 9 月 8 日
公司变更注册登记地点：上海市工商行政管理局
公司法人营业执照注册号：企股沪总字第 019035 号（市局）
公司税务登记号码：国税沪字 310104132204689 号
公司聘请的境内会计师事务所名称：上海立信长江会计师事务所有限公司
公司聘请的境内会计师事务所办公地址：上海市南京东路 61 号新黄浦金融大厦五楼
公司聘请的境外会计师事务所名称：香港浩华会计师事务所
公司聘请的境外会计师事务所办公地址：香港湾仔港湾道 18 号中环广场 2001 室
(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 744,691,828.73 718,199,457.20 3.69
流动负债 813,271,511.51 786,447,330.90 3.41
总资产 966,017,294.85 938,820,305.53 2.90
股东权益
（不含少数股东权益）
127,928,021.01 130,037,801.26 -1.62
每股净资产(元) 0.32 0.33 -3.03
调整后的每股净资产(元) 0.29 0.30 -3.33
报告期
（1－6 月）
上年同期 本报告期比上年同期增减（％）
净利润 -2,037,502.08 2,531,032.49 -180.50
扣除非经常性损益的净利润 -2,141,233.23 360,950.93 -693.22
每股收益(元) -0.005 0.006 -183.33
净资产收益率(%) -1.59 2.01 减少 3.6 个百分点
经营活动产生的现金流量净额 -36,982,007.10 -27,009,682.09 -36.92
上海自动化仪表股份有限公司 2006 年中期报告
shanghai automation instrumentation co.,ltd. interim report 2006
3
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 -156,095.60
短期投资收益（不包括经国家有关部门批准设立的有经营资格的金融机构获得的短
期投资收益）
213,823.07
以前年度已经计提各项减值准备的转回 51,233.81
其他非经常性损益项目 -5,230.13
合计 103,731.15
3、国内外会计准则差异
本报告期，按国内、国际会计准则编制的财务报告，其净利润无差异。
三、股本变动及股东情况
(一)股份变动情况表
单位:股
本次变动前 本次变动增减（＋，－） 本次变动后
数量
比例
（%）
发行
新股
送
股
公积金
转股
其
他
小计 数量
比例
（%）
一、未上市流通股份
1、发起人股份 243,160,590 60.90 243,160,590 60.90
其中：
国家持有股份 207,842,149 52.05 207,842,149 52.05
境内法人持有股份 35,318,441 8.85 35,318,441 8.85
境外法人持有股份
其他
2、募集法人股份 15,306,500 3.83 15,306,500 3.83
3、内部职工股
4、优先股或其他
未上市流通股份合计 258,467,090 64.73 258,467,090 64.73
二、已上市流通股份
1、人民币普通股 33,674,300 8.43 33,674,300 8.43
2、境内上市的外资股 107,145,500 26.84 107,145,500 26.84
3、境外上市的外资股
4、其他
已上市流通股份合计 140,819,800 35.27 140,819,800 35.27
三、股份总数 399,286,890 100.00 399,286,890 100.00
(二)股东情况
1、股东数量和持股情况
上海自动化仪表股份有限公司 2006 年中期报告
shanghai automation instrumentation co.,ltd. interim report 2006
4
单位：股
报告期末股东总数 29,258 户，其中：a 股 14,866 户，b 股 14,392 户。
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
上海电气（集
团）总公司
国有股东 28.85 115,196,424 115,196,424 未流通 115,196,424 0
中国华融资产
管理公司
国有股东 9.67 38,615,455 0 未流通 38,615,455 0
上海国际信托
投资有限公司
国有股东 8.85 35,318,441 0 未流通 35,318,441 0
中国东方资产
管理公司
国有股东 8.43 33,647,800 0 未流通 33,647,800 0
中国长城资产
管理公司
国有股东 4.59 18,308,335 0 未流通 18,308,335 0
申银万国证券
股份有限公司
法人股东 2.69 10,730,650 0 未流通 10,730,650 0
上海交大企业
管理中心
法人股东 0.83 3,307,248 0 未流通 3,307,248 0
沈家珊 外资股东 0.53 2,107,976 337,400 已流通 0 未知
中国信达资产
管理公司
国有股东 0.52 2,074,135 0 未流通 2,074,135 0
shk nom. ltdclts
of shk
inv. ser.
外资股东 0.40 1,606,233 350,000 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
沈家珊 2,107,976 境内上市外资股
shk nom. ltd-clts of shk inv. ser. 1,606,233 境内上市外资股
陈杰 1,200,000 境内上市外资股
hsbc private bank（suisse） sa geneva 1,199,992 境内上市外资股
李天虹 1,034,000 境内上市外资股
王炜 911,837 境内上市外资股
chin ikushin 800,000 境内上市外资股
孙亚军 734,950 境内上市外资股
李国万 710,395 境内上市外资股
lombard odier darier hentsch & cie 700,000 境内上市外资股
上述股东关联关系或一致行动关系的说明
公司前十名股东中非流通股股东之间不存在关联关系或属于《上
市公司持股变动信息披露管理办法》中规定的一致行动人的情况。公
司未知前十名股东、前十名流通股股东以及前述二者之间是否存在关
联关系或属于《上市公司持股变动信息披露管理办法》中规定的一致
行动人的情况。
报告期内，公司无战略投资者或一般法人因配售新股成为前 10 名股东的情况。
上海自动化仪表股份有限公司 2006 年中期报告
shanghai automation instrumentation co.,ltd. interim report 2006
5
2、控股股东及实际控制人变更情况
新控股股东名称：上海电气（集团）总公司
实际控制人名称：上海市国有资产监督管理委员会
控股股东发生变更的日期：2006 年 4 月 18 日
披露控股股东发生变更相关信息的指定报纸：《上海证券报》、香港《文汇报》
披露控股股东发生变更相关信息的日期：2006 年 4 月 19 日
控股股东及实际控制人变更情况的说明：
本公司控股股东股权转让事宜，2006 年 4 月 18 日，公司接到中国证券登记结算有限责任公司上
海分公司出具的《过户登记确认书》，将公司原第一大股东上海仪电控股（集团）公司持有的本公司
股份 115,196,424 股，过户至上海电气（集团）总公司，股份性质仍为国家股。值此，本次国有股股
权过户手续办理完毕，上海电气（集团）总公司成为本公司第一大股东。其控股股东实际控制人仍为
上海市国有资产监督管理委员会。
四、董事、监事和高级管理人员情况
(一)董事、监事和高级管理人员持股变动情况
姓名 职务 期初持股数 期末持股数 股份增减数 变动原因
徐 伟 董事长 0 0 0 无
胡宏刚 副董事长 0 0 0 无
范幼林 董事、总经理 354（a） 354（a） 0 无
裴静之 独立董事 0 0 0 无
黄祥鹭 独立董事 0 0 0 无
庄松林 独立董事 0 0 0 无
孙汉虹 独立董事 0 0 0 无
程彦敏 董事 0 0 0 无
章建新 董事 0 0 0 无
王 鹰 董事 0 0 0 无
何晓勇 董事 0 0 0 无
朱惠良 董事 0 0 0 无
张敷彪 监事会主席 0 0 0 无
林雄民 监事会副主席 0 0 0 无
朱 茜 监事 0 0 0 无
周 鸣 监事 0 0 0 无
洪 汀 监事 3400（a） 3400（a） 0 无
刘伟民 监事 0 0 0 无
郑斌章 监事 500（a） 500（a） 0 无
乐嘉民 副总经理 0 0 0 无
黄 捷 副总经理 306（a）、36100（b） 306（a）、36100（b） 0 无
吴剑啸 副总经理 0 0 0 无
许大庆 总工程师 1210（a） 1210（a） 0 无
缪丹桦 董事会秘书 0 0 0 无
上海自动化仪表股份有限公司 2006 年中期报告
shanghai automation instrumentation co.,ltd. interim report 2006
6
(二)新聘或解聘公司董事、监事、高级管理人员的情况
1、公司第十七次股东大会（2005 年年会）于 2006 年 5 月 25 日在上海影城 6 楼第三放映厅（新
华路 160 号）召开，会议审议并批准了以下董事、监事调整事项：
（1）董事长肖宗义先生不再担任公司第五届董事会董事、董事长；董事张平先生、董事庄正先
生、董事陆莹女士不再担任公司第五届董事会董事；独立董事方培琦先生不再担任公司第五届董事会
独立董事；
（2）选举并调整徐伟、程彦敏、王鹰、章建新四位先生为公司第五届董事会董事；选举并调整
孙汉虹先生为公司第五届董事会独立董事；
（3）公司监事会主席周瑞昌先生不再担任公司第五届监事会监事、监事会主席；监事寿向阳女
士不再担任公司第五届监事会监事。
（4）选举并调整张敷彪先生、朱茜女士为公司第五届监事会监事。
2、公司于 2006 年 5 月 25 日召开第五届董事会第八次会议，选举徐伟先生为公司第五届董事会
董事长。
3、公司于 2006 年 5 月 25 日召开第五届监事会第七次会议，选举张敷彪先生为公司第五届监事
会主席。
（上述董事、监事调整事项详情请见 2006 年 5 月 26 日《上海证券报》、香港《文汇报》上刊登的本
公司公告）
五、管理层讨论与分析
(一)管理层讨论与分析
报告期内，公司在董事会的领导下，管理层按照年初设定的生产经营目标稳步开展各项工作，经
营在持续性方面保持了良好状况。
上半年，公司依照“努力构筑平台、做大系统、做强仪表、推行以控制系统为龙头、智能化仪表
为基本单元的系统集成”的策略，推进各项改革措施。在不断克服外部环境给公司带来不利因素的前
提下，通过转换经营模式、提升产业能级，通过夯实基础、提升管理能级，建立财务和经营风险管控
机制，开展组织和流程再造等，使公司运营质量得到提升。
报告期内，公司实现主营业务收入 46,194.66 万元，比上年同期增长 22.65%。
上半年，公司为进一步拓展市场业务，增加了前期费用支出，从而导致管理费用开支增加；同
时，原材料和能源价格的上涨造成公司生产成本上升利润减少。面临运营中的困难和问题，公司从提
升运营质量入手，落实了以下措施：
上海自动化仪表股份有限公司 2006 年中期报告
shanghai automation instrumentation co.,ltd. interim report 2006
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1、在电力设备领域，不断提升以 dcs 为主的诸项控制系统水平，用自主知识产权的控制系统
产品提升核心竞争力，建立了自己的核心产业。
2、参加核电项目中的仪表和控制系统建设，开发全数字化系统等，拓展了公司的传统产业。
3、全面实施预算管理，强化实现以年度经营计划为目标的营运管理控制体系，在内部建立了
以结果为导向的经营目标责任制。
4、公司管理层每月召开经济运行分析会议，对在经营和管理过程中存在的问题及时整改和落
实措施，从而加强对公司经营和管理风险的控制，实现稳健经营。
5、进一步完善应收账款的管理措施，改进营销信息系统与会计信息系统的数据接口，加强动
态的对账机制，完善内控制度和工作流程，做好交易授权和职责划分，健全风险评估体系和经营风险
报警机制。
(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:万元 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
仪器仪表行业 46,194.66 37,772.77 18.23 22.65 28.76 减少 3.88 个百分点
分产品
仪表及装置 30,690.54 24,355.62 20.64 13.87 18.26 减少 2.95 个百分点
数字控制系统工程 8,640.99 7,267.03 15.90 40.20 50.90 减少 5.97 个百分点
其他控制系统工程 6,863.13 6,150.12 10.39 50.93 56.63 减少 3.26 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 1,709 万元
人民币。
2、主营业务分地区情况
单位:万元 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（％）
市内 9,018.94 5.52
市外 37,175.72 27.68
上海自动化仪表股份有限公司 2006 年中期报告
shanghai automation instrumentation co.,ltd. interim report 2006
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3、报告期内，没有对净利润产生重大影响的其他经营业务活动。
4、投资收益对公司净利润影响达到 10%以上的参股公司的经营情况及业绩
单位:万元 币种:人民币
公司名称 经营范围 净利润
参股公司贡献
的投资收益
占上市公
司净利润
的比重(%)
上海大华-千野仪表有限公司 生产销售测试、测控仪表及成套仪表系统 88.16 34.94 17.15
上海横河电机有限公司 生产、销售流量计和配套仪表及售后服务 827.20 330.88 162.40
上海康茂胜气动控制元件有
限公司
生产、销售各类气动控制元件及配件 333.45 133.38 65.46
上海埃斯凯变压器有限公司
生产销售 r 型铁芯、r 型变压器及其他电子变
压器、电磁器件、相关配套零件与专用设备
254.03 83.00 40.74
千野测控设备（昆山）有限
公司
计量系统（cp 试验装置等）的生产及销售；
精密测量控制仪表以及智能仪用传感器及相
关结构部件、印刷板的封装和销售；计量系
统、精密测量控制仪表以及智能仪用传感器
的维修服务；装置以及仪表产品所使用的硬
件与软件的设计、开发
131.98 24.53 12.04
5、报告期，公司主营业务及其结构未发生重大变化。
6、本报告期，公司主营业务盈利能力（毛利率）与上年相比没有发生重大变化
7、利润构成与上年度相比发生重大变化的原因分析
单位:万元 币种:人民币 未经审计
本报告期 前一报告期
项目
金额 占利润总额（%） 金额 占利润总额（%）
增减比例
（%）
主营业务利润 8,215.37 4,399.36 15,965.31 2,091.67 110.33
其它业务利润 411.07 220.13 -426.63 -55.89 493.86
期间费用 9,359.33 5,011.96 20,181.76 2,644.09 89.55
投资收益 562.28 301.10 1,062.19 139.16 116.37
补贴收入 -- -- 34.50 4.52 --
营业外收支净额 -16.13 -8.63 4,309.67 564.63 -101.53
利润总额 -186.74 -- 763.28 -- --
（1）本报告期其它业务利润与利润总额之比较前一报告期有所增加的主要原因是前一报告期处置
了呆滞存货。
上海自动化仪表股份有限公司 2006 年中期报告
shanghai automation instrumentation co.,ltd. interim report 2006
9
（2）报告期期间费用与利润总额之比较前一报告期有所增加的主要原因是公司为进一步拓展市
场，前期费用支出增加。
（3）报告期营业外收支净额与利润总额之比较前一报告期有所减少的主要原因是前一报告期有动
迁补偿收入。
（4）由于以上变化的原因，使本报告期利润总额减少，以致主营业务利润、投资收益在利润总额
中所占比例较前一报告期有所增加。
(三)公司投资情况
1、报告期内，公司无募集资金或以前募集的资金使用延续到本期的情况。
2、非募集资金项目情况
由公司自筹资金对生产急需设备进行改造的“重点产品扩产改造”项目，本报告期，已实施了
“小型化变送器扩产改造” 和“智能化电动执行机构扩产改造”两个子项目。
(四)公司财务状况、经营成果分析
单位:万元 币种:人民币
项 目 2006 年 1-6 月 2005 年 1-6 月 增 减（%）
主营业务收入 46,194.66 37,663.87 22.65
主营业务利润 8,215.37 8,147.16 0.84
其他业务利润 411.07 -477.04 186.17
净利润 -203.75 253.10 -180.50
现金及现金等价物净增加额 -1,380.20 -3,456.30 60.07
项 目 2006 年 6 月 30 日 2005 年 12 月 31 日 增 减（%）
总资产 96,601.73 93,882.03 2.90
股东权益 12,792.80 13,003.78 -1.62
变动原因分析：
1、其他业务利润比上年同期增加 186.17%，主要系上年同期处置了呆滞存货。
2、净利润比上年同期减少 180.50%，主要系公司为进一步拓展市场，使前期费用支出增加，导
致期间费用开支增加，且原材料和能源的价格上涨导致了生产成本有所上升。
3、现金及现金等价物净增加额比上年同期增加 60.07%，主要系筹资活动产生的现金净流量增
加。
(五)报告期，公司没有对上年年度报告中披露的本年度经营计划做出修改的事项。
上海自动化仪表股份有限公司 2006 年中期报告
shanghai automation instrumentation co.,ltd. interim report 2006
10
(六)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和香港浩华会计师事务所于上年度末为本公司出具了信长
会师报字（2006）第 10519 号 2005 年度强调事项无保留意见财务审计报告。对上海立信长江会计师
事务所有限公司和香港浩华会计师事务所出具本公司带说明段中提及的问题，公司管理层认为；这些
问题的出现是历史的、多年来所形成的，通过公司内部的努力和控股股东的支持，这些问题正在得到
缓解和改善。
为妥善解决公司积欠工商银行债务，本公司控股股东——上海电气（集团）总公司以自有的资
产抵偿给工商银行，从而缓解了公司债务的压力；在产业发展上，凭借电气集团的影响力，公司业务
得到了较大的拓展，从而使公司的持续经营逐步进入了良性发展的轨道。
六、重要事项
(一)公司治理情况
报告期内，公司董事会根据新修订的《公司法》、《证券法》和中国证监会与上海证券交易所颁
布的一系列新的规范要求，结合公司实际，对《公司章程》进行了全面修订，并经公司 2005 年度股
东大会通过。公司法人治理结构不断完善，公司的“三分开、五独立”“三会”运作符合《上市公司
治理准则》的相关规定，公司治理的实际情况与中国证监会发布的有关上市公司治理的规范性文件要
求不存在差异。
(二)报告期实施的利润分配方案执行情况
报告期内，公司无以前期间拟定、在报告期实施的利润分配方案、公积金转增股本方案或发行新
股方案的执行情况。也无中期拟定的利润分配预案和公积金转增股本的预案。
(三)重大诉讼仲裁事项
1、本公司及下属控股子公司----上海麦克林电子有限公司作为共同原告，诉美国麦克林公司、
蔡贤修、桂豪杰以及三家美国麦克林公司的关联企业，违约、非法转移资产、欺诈等十二项违法行为
一案，经美国加利福尼亚州北区美国联邦地区法院判决本公司胜诉（详见 2001 年 11 月 29 日《上海
证券报》、香港《南华早报》刊登的本公司公告）。鉴于蔡贤修提出的个人破产申请，对蔡贤修的诉
讼转入美国加利福尼亚州地方破产法院进行，2002 年 12 月 13 日本公司接到了书面判决通知（详见
2002 年 12 月 16 日《上海证券报》、香港《商报》刊登的本公司公告），本公司与美国德汇律师事
务所依据法院的判决,展开了对上述判决的执行程序，目前该案仍继续处于执行阶段。
上海自动化仪表股份有限公司 2006 年中期报告
shanghai automation instrumentation co.,ltd. interim report 2006
11
2、上海飞龙房地产开发有限公司诉本公司合资、合作开发上海市华山路 1496 号地块合同纠纷案,
目前，该案仍在受理程序中。（详情请见 2002 年 6 月 4 日；2002 年 8 月 27 日和 2003 年 12 月 30 日
刊登在《上海证券报》和香港《商报》上的本公司公告以及公司《2005 年年度报告》）
(四)资产交易事项
报告期内，公司没有发生重大资产收购、出售资产、资产置换及吸收合并事项。
(五) 报告期内公司重大关联交易事项
1、与日常经营相关的重大关联交易事项
报告期内，公司向上海上自仪转速表仪表电机有限公司销售货物 5 万元；向上海上自仪调节器有
限公司销售货物 4 万元；向上海上仪国际贸易有限公司销售货物 90 万元；向上海康茂胜气动控制元
件有限公司销售货物 8 万元；向上海西门子工业自动化有限公司销售货物 30 万元；向上海电气股份
有限公司销售货物 1,658 万元；向上海纺织机械总厂销售货物 1 万元；向上海超群无损检测设备有限
公司销售货物 26 万元；向上海沃马-大隆超高压设备有限公司销售货物 3 万元；向上海太平洋纺织机
械成套设备有限公司销售货物 4 万元；向上海润滑设备厂销售货物 1 万元；向上海四方锅炉厂销售货
物 6 万元；向上海大隆机器有限公司销售货物 3 万元；向上海安德生·格林伍德·克罗斯比阀门有限
公司销售货物 3 万元；向上海格拉曼消防器材有限公司销售货物 1 万元。公司向上海上自仪调节器有
限公司采购货物 2 万元；向上海胜谊仪表变压器有限公司采购货物 107 万元；向上海上自仪转速表仪
表电机有限公司采购货物 35 万元；向上海大华—千野仪表有限公司采购货物 3 万元；向上海上仪国
际贸易有限公司采购货物 855 万元。其交易双方均按市场价格结算。
上述关联交易中上海电气（集团）总公司及其附属企业与本公司发生的日常经营交易金额在 2006
年度日常关联交易金额预计的范围之内。
2、公司无资产、股权转让的重大关联交易事项。
3、公司无共同对外投资的重大关联交易事项。
4、公司重大债权债务往来事项
报告期末，公司应收美国麦克林公司 13,056 万元；应收上海横河电机有限公司 15 万元；应收上
海自仪九仪表有限公司 91 万元；应收上海上仪国际贸易有限公司 99 万元；应收上海上自仪转速表仪
表电机有限公司 4 万元；应收上海海隆流体控制技术有限公司 4 万元；应收上海胜谊仪表变压器有限
公司 3 万元；应收上海电气股份有限公司 1,316 万元；应收上海微型轴承厂 10 万元；应收上海联合
电机（集团）有限公司 1 万元；应收上海鼓风机厂有限公司 18 万元；应收上海电机（集团）公司实
验电炉厂 3 万元；应收上海真空泵厂 2 万元；应收上海曙光机械制造厂 16 万元；应收上海起重运输
上海自动化仪表股份有限公司 2006 年中期报告
shanghai automation instrumentation co.,ltd. interim report 2006
12
机械厂有限公司 2 万元；应收上海电气（集团）进出口公司 23 万元；应收上海电气（集团）阀门成
套公司 10 万元；应收上海沃门-大隆超高压设备有限公司 1 万元；应收上海正升锻造有限公司 2 万
元；应收上海超群无损检测设备有限公司 13 万元；应收上海太平洋纺织机械成套设备有限公司 3 万
元；应收四方锅炉厂 4 万元；应收上海继电器有限公司 9 万元。其他应收款中应收上海上自仪转速表
仪表电机有限公司 379 万；应收上海上仪国际贸易有限公司 483 万元；应收上海麦克林洗涤有限公司
374 万元，应收上海胜谊仪表变压器有限公司 12 万元；应收上海上自仪调节器有限公司 33 万元；应
收上海海隆流体控制技术有限公司 1 万元；应收上海西门子工业自动化有限公司 28 万元。应付帐款
中应付上海海隆流体控制技术有限公司 140 万元；应付上海胜谊仪表变压器有限公司 7 万元；应付上
海上自仪调节器有限公司 15 万元；上海上仪国际贸易有限公司 40 万元；应付上海横河电机有限公司
14 万元；应付上海上自仪转速表仪表电机有限公司 18 万元；应付上海大华—千野仪表有限公司 3 万
元。预收上海上自仪调节器有限公司 22 万元。其它应付款中应付上海胜谊仪表变压器有限公司 48 万
元；应付上海自仪九仪表有限公司 21 万元；应付上海新风接插件有限公司 1 万元；应付上海电气
（集团）总公司 18,444 万元。
5、报告期内，公司无其他重大关联交易事项。
(六) 重大合同及其履行情况
1、本报告期，公司没有发生或以前期间发生但延续到报告期的重大托管、承包、租赁其他公司
资产或其他公司托管、承包、租赁公司资产的事项。
2、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）
担保对象
发生日期
（协议签署日）
担保金额 担保类型 担保期限
是否履行
完毕
是否为关联
方担保
上海广电（集
团）有限公司
2002 2,000 连带责任担保 2005.11.22～2006.3.20 是 否
上海广电（集
团）有限公司
2002 4,000 连带责任担保 2005.3.28～2006.3.27. 是 否
上海广电（集
团）有限公司
2002 2,000 连带责任担保 2005.3.30～2006.3.29 是 否
上海广电（集
团）有限公司
2002 1,000 连带责任担保 2005.9.7～2006.9.6 否 否
上海广电（集
团）有限公司
2002 1,000 连带责任担保 2005.9.22～2006.9.22 否 否
上海广电（集
团）有限公司
2002 1,500 连带责任担保 2005.10.10～2006.10.10 否 否
上海广电（集
团）有限公司
2002 4,000 连带责任担保 2005.11.17～2006.11.17 否 否
报告期内担保发生额合计 0
报告期末担保余额合计 7,500
上海自动化仪表股份有限公司 2006 年中期报告
shanghai automation instrumentation co.,ltd. interim report 2006
13
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 0
报告期末对控股子公司担保余额合计 0
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(%) 58.63
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 1103.6
上述三项担保金额合计 1103.6
本公司为上海广电（集团）有限公司提供担保，担保金额为 2,000 万元人民币,担保期限为 2005
年 11 月 22 日至 2006 年 3 月 20 日，已履行完毕。逾期金额为 0 万元人民币。该事项已于 2005 年 12
月 31 日刊登在《上海证券报》、香港《文汇报》上。
本公司为上海广电（集团）有限公司提供担保，担保金额为 4,000 万元人民币,担保期限为 2005
年 3 月 28 日至 2006 年 3 月 27 日,已履行完毕,逾期金额为 0 万元人民币。该事项已于 2005 年 6 月 1
日刊登在《上海证券报》、香港《文汇报》上。
本公司为上海广电（集团）有限公司提供担保，担保金额为 2,000 万元人民币,担保期限为 2005
年 3 月 30 日至 2006 年 3 月 29 日,已履行完毕,逾期金额为 0 万元人民币。该事项已于 2005 年 6 月 1
日刊登在《上海证券报》、香港《文汇报》上。
本公司为上海广电（集团）有限公司提供担保，担保金额为 1,000 万元人民币,担保期限为 2005
年 9 月 7 日至 2006 年 9 月 6 日，逾期金额为 0 万元人民币。该事项已于 2005 年 10 月 14 日刊登在
《上海证券报》、香港《文汇报》上。
本公司为上海广电（集团）有限公司提供担保，担保金额为 1,000 万元人民币,担保期限为 2005
年 9 月 22 日至 2006 年 9 月 22 日，逾期金额为 0 万元人民币。该事项已于 2005 年 10 月 14 日刊登在
《上海证券报》、香港《文汇报》上。
本公司为上海广电（集团）有限公司提供担保，担保金额为 1,500 万元人民币,担保期限为 2005
年 10 月 10 日至 2006 年 10 月 10 日，逾期金额为 0 万元人民币。该事项已于 2005 年 11 月 19 日刊登
在《上海证券报》、香港《文汇报》上。
本公司为上海广电（集团）有限公司提供担保，担保金额为 4,000 万元人民币,担保期限为 2005
年 11 月 17 日至 2006 年 11 月 17 日,逾期金额为 0 万元人民币。该事项已于 2005 年 12 月 31 日刊登
在《上海证券报》、香港《文汇报》上。
.. 担保情况说明
报告期内，公司无新增对外担保事项，并努力减少历史成因的对外担保，以规避担保风险。截止
2006 年 6 月底，公司对外担保余额与期初相比下降了 9,041.06 万元，担保总额占公司净资产的比例
上海自动化仪表股份有限公司 2006 年中期报告
shanghai automation instrumentation co.,ltd. interim report 2006
14
与去年同期相比下降了 74.06 个百分点。直接为资产负债率超过 70%的控股子公司---上海麦克林电子
有限公司承担担保连带清偿责任也已解除。
3、本报告期，公司没有发生或以前期间发生但延续到报告期的委托理财事项。
（七）公司或持股 5%以上股东—上海电气（集团）总公司、中国华融资产管理公司、上海国际信托
投资有限公司和中国东方资产管理公司没有在报告期内或持续到报告期内的承诺事项。
(八) 本报告期，财务报告未经审计，期间也未有更换会计师事务所的事项。
(九) 本报告期，公司、公司董事会及董事没有受中国证监会稽查、中国证监会行政处罚、通报批
评、被其它行政管理部门处罚及证券交易所公开谴责的情况。
(十)其它重大事项
1、为妥善解决本公司积欠工商银行贷款本息债务，本公司第一大股东—上海电气（集团）总公
司将市区共和新路一处自主房屋及相应的土地使用权抵偿给工商银行，同时，将本公司积欠工商银行
贷款本息 275,500,000 元的债务关系调整到上海电气（集团）总公司。该事项已经 2006 年 2 月 15 日
召开的公司第十六次股东大会（2006 年第一次临时会议）审议通过。（详情请见 2006 年 1 月 7 日和
2006 年 2 月 16 日《上海证券报》、香港《文汇报》刊登的本公司公告）
2、为优化国有资产配置，加快装备制造业的发展，经国资委批准将本公司原控股股东上海仪电
控股（集团）公司所持的本公司股份无偿划转至上海电气（集团）总公司。2006 年 3 月 10 日，公司
收到中国证监会对上海电气（集团）总公司收购上海自动化仪表股份有限公司的“无异议”函。4 月
18 日，公司接到中国证券登记结算有限责任公司上海分公司出具的《过户登记确认书》，将公司原
第一大股东上海仪电控股（集团）公司持有的本公司股份 115,196,424 股，占公司股份总数的
28.85%，过户至上海电气（集团）总公司，上述股份性质仍为国家股。值此，本次国家股股权转让事
宜办理完毕，上海电气（集团）总公司成为本公司第一大股东。
（上述事项详情请见 2005 年 7 月 30 日、2005 年 8 月 6 日、2005 年 8 月 19 日、2005 年 12 月 30
日、2006 年 3 月 11 日和 2006 年 4 月 19 日刊登在《上海证券报》、香港《文汇报》上的本公司公
告）
3、2006 年 5 月 29 日,公司进入股权分置改革相关程序。经过与公司 a 股市场相关股东的充分沟
通和协商，公司于 6 月 2 日和 6 月 9 日分别公告了股权分置改革初步方案和修订后的方案。最终，
“公司非流通股股东向流通 a 股股东按照每 10 股获送 4.5 股的对价水平支付 15,153,435 股 st 自仪
上海自动化仪表股份有限公司 2006 年中期报告
shanghai automation instrumentation co.,ltd. interim report 2006
15
股票” 。6 月 26 日，公司 a 股市场相关股东会议表决通过了公司股权分置改革方案。根据监管部门
的有关规定，公司股权分置改革方案须报国家商务部审批，目前，该方案正在待批过程中。（详情请
见 2006 年 5 月 29 日、2006 年 6 月 2 日、2006 年 6 月 9 日和 2006 年 6 月 28 日《上海证券报》、
《中国证券报》和《证券时报》刊登的本公司公告）
4、2006 年 6 月 1 日，公司接到第一大股东—上海电气（集团）总公司的通知，上海电气（集
团）总公司与中国华融资产管理公司签订了《股权转让意向书》，拟将中国华融资产管理公司持有的
38,615,455 国家股，占公司总股本的 9.67%，转让至上海电气（集团）总公司。目前，该事项正在国
家相关部门审批过程中。
（详情请见 2006 年 6 月 2 日《上海证券报》、《中国证券报》和《证券时报》刊登的本公司公
告）
5、其它重要事项信息披露索引
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
第五届董事会第五次会议决议公告暨
召开公司第十六次股东大会（2006
年第一次临时会议）的通知
《上海证券报》c10 版
香港《文汇报》b3 版
2006 年 1 月 7 日 www.sse.com.cn
关联交易公告
《上海证券报》c10 版
香港《文汇报》b3 版
2006 年 1 月 7 日 www.sse.com.cn
第五届监事会第四次会议决议公告
《上海证券报》c10 版
香港《文汇报》b3 版
2006 年 1 月 7 日 www.sse.com.cn
b 股股票交易异常波动公告
《上海证券报》c21 版
香港《文汇报》a13 版
2006 年 1 月 23 日 www.sse.com.cn
关于召开第十六次股东大会（2006
年第一次临时会议）地址的公告
《上海证券报》c13 版
香港《文汇报》a31 版
2006 年 2 月 7 日 www.sse.com.cn
b 股股票交易异常波动公告
《上海证券报》c10 版
香港《文汇报》b4 版
2006 年 2 月 14 日 www.sse.com.cn
公司第十六次股东大会（2006 年第
一次临时会议）决议公告
《上海证券报》c13 版
香港《文汇报》b9 版
2006 年 2 月 16 日 www.sse.com.cn
关于国有股股权转让事宜的公告
《上海证券报》c13 版
香港《文汇报》a20 版
2006 年 3 月 11 日 www.sse.com.cn
第五届董事会第六次会议决议公告
《上海证券报》c61 版
香港《文汇报》b4 版
2006 年 3 月 31 日 www.sse.com.cn
第五届监事会第五次会议决议公告
《上海证券报》c61 版
香港《文汇报》b4 版
2006 年 3 月 31 日 www.sse.com.cn
关于国有股股权过户完成的公告
《上海证券报》c21 版
香港《文汇报》b4 版
2006 年 4 月 19 日 www.sse.com.cn
第五届董事会第七次会议决议公告暨
召开公司第十七次股东大会（2005
年年会）的通知
《上海证券报》b29 版
香港《文汇报》b11 版
2006 年 4 月 29 日 www.sse.com.cn
2006 年日常关联交易金额预计的公
告
《上海证券报》b29 版
香港《文汇报》b11 版
2006 年 4 月 29 日 www.sse.com.cn
上海自动化仪表股份有限公司 2006 年中期报告
shanghai automation instrumentation co.,ltd. interim report 2006
16
第五届监事会第六次会议决议公告
《上海证券报》b29 版
香港《文汇报》b11 版
2006 年 4 月 29 日 www.sse.com.cn
a 股和 b 股股票交易异常波动公告
《上海证券报》b27 版
香港《文汇报》b3 版
2006 年 5 月 22 日 www.sse.com.cn
第十七次股东大会（2005 年年会）
决议公告
《上海证券报》a12 版
香港《文汇报》a21 版
2006 年 5 月 26 日 www.sse.com.cn
第五届董事会第八次会议决议公告
《上海证券报》a12 版
香港《文汇报》a21 版
2006 年 5 月 26 日 www.sse.com.cn
第五届监事会第七次会议决议公告
《上海证券报》a12 版
香港《文汇报》a21 版
2006 年 5 月 26 日 www.sse.com.cn
关于进行股权分置改革的提示性公告 《上海证券报》b7 版 2006 年 5 月 29 日 www.sse.com.cn
关于公司股票停牌的提示性公告 香港《文汇报》b8 版 2006 年 5 月 29 日 www.sse.com.cn
股东持股变动的提示性公告
《上海证券报》b13 版
《中国证券报》b18 版
《证券时报》c7 版
2006 年 6 月 2 日 www.sse.com.cn
第五届董事会第九次会议（2006 年
第一次临时会议）决议公告
《上海证券报》b13 版
《中国证券报》b18 版
《证券时报》c7 版
2006 年 6 月 2 日 www.sse.com.cn
关于召开股权分置改革相关股东会议
的通知
《上海证券报》b13 版
《中国证券报》b18 版
《证券时报》c7 版
2006 年 6 月 2 日 www.sse.com.cn
关于股权分置改革方案沟通协商情况
暨调整股权分置改革方案的公告
《上海证券报》b23 版
《中国证券报》c010 版
《证券时报》c13 版
2006 年 6 月 9 日 www.sse.com.cn
关于召开股权分置改革相关股东会议
的第一次提示性公告
《上海证券报》b18 版 2006 年 6 月 14 日 www.sse.com.cn
a 股股票交易异常波动公告
《上海证券报》b7 版
香港《文汇报》a30 版
2006 年 6 月 15 日 www.sse.com.cn
关于股权分置改革获得国资委批复的
公告
《上海证券报》b9 版 2006 年 6 月 21 日 www.sse.com.cn
关于召开股权分置改革相关股东会议
的第二次提示性公告
《上海证券报》b9 版 2006 年 6 月 21 日 www.sse.com.cn
股权分置改革 a 股市场相关股东会议
表决结果公告
《上海证券报》b18 版
《中国证券报》c007 版
《证券时报》c19 版
2006 年 6 月 28 日 www.sse.com.cn
七、财务会计报告(未经审计)
1） 财务报表
上海自动化仪表股份有限公司 2006 年中期报告
shanghai automation instrumentation co.,ltd. interim report 2006
17
资产负债表
2006 年 06 月 30 日
编制单位: 上海自动化仪表股份有限公司
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 5.1 6.1 79,661,911.58 93,463,900.91 70,158,977.31 83,002,218.97
短期投资 5.2 6.2 579,295.16 400,147.95 579,295.16 400,147.95
应收票据 5.3 6.3 3,597,117.00 4,467,190.31 2,967,117.00 3,410,463.00
应收股利 5.4 6.4 212,429.98 272,946.85 816,890.29 497,946.85
应收利息
应收账款 5.5 6.5 324,073,478.37 260,999,826.14 315,340,853.45 254,874,062.67
其他应收款 5.6 6.6 58,790,688.98 38,094,166.84 56,200,335.72 35,890,148.84
预付账款 5.7 6.7 52,857,875.97 103,211,919.94 51,901,019.89 101,832,968.94
应收补贴款
存货 5.8 6.8 224,590,894.01 217,091,205.64 216,568,234.12 208,499,406.75
待摊费用 5.9 6.9 328,137.68 198,152.62 227,997.68 105,962.62
一年内到期的长期债权投资
其他流动资产
流动资产合计 744,691,828.73 718,199,457.20 714,760,720.62 688,513,326.59
长期投资：
长期股权投资 5.10 6.10 95,388,610.28 91,810,541.83 109,859,434.03 106,569,139.71
长期债权投资
长期投资合计 95,388,610.28 91,810,541.83 109,859,434.03 106,569,139.71
其中：合并价差
其中：股权投资差额
固定资产：
固定资产原价 5.11 6.11 319,714,629.19 323,890,846.75 306,245,896.98 310,629,995.59
减：累计折旧 5.11 6.11 178,742,408.48 177,317,050.77 171,136,398.42 170,163,709.51
固定资产净值 5.11 6.11 140,972,220.71 146,573,795.98 135,109,498.56 140,466,286.08
减：固定资产减值准备 5.11 6.11 20,156,828.34 21,950,900.24 20,083,456.47 21,877,528.37
固定资产净额 5.11 6.11 120,815,392.37 124,622,895.74 115,026,042.09 118,588,757.71
工程物资 5.12 6.12 29,471.63 33,126.97 29,471.63 33,126.97
在建工程 5.13 6.13 2,635,343.26 1,257,330.36 2,545,565.02 1,173,574.76
固定资产清理 5.14 6.14 11,843.32 11,843.32
固定资产合计 123,492,050.58 125,913,353.07 117,612,922.06 119,795,459.44
无形资产及其他资产：
无形资产 5.15 6.15 1,672,025.19 1,947,280.59 1,672,025.19 1,947,280.59
长期待摊费用 5.16 6.16 772,780.07 949,672.84 772,780.07 949,672.84
其他长期资产
无形资产及其他资产合计 2,444,805.26 2,896,953.43 2,444,805.26 2,896,953.43
递延税项：
递延税款借项
资产总计 966,017,294.85 938,820,305.53 944,677,881.97 917,774,879.17
上海自动化仪表股份有限公司 2006 年中期报告
shanghai automation instrumentation co.,ltd. interim report 2006
18
流动负债：
短期借款 5.17 6.17 215,052,005.53 333,921,861.22 215,052,005.53 323,511,303.22
应付票据
应付账款 251,177,181.79 187,451,232.98 242,285,311.15 176,586,325.22
预收账款 84,580,773.26 149,803,667.13 83,305,364.71 148,547,732.31
应付工资
应付福利费 5.18 6.18 2,641,025.19 2,593,457.52 49,560.15 71,398.95
应付股利 5.19 6.19 4,683,947.02 4,557,460.25 4,482,460.25 4,482,460.25
应交税金 5.20 6.20 4,564,521.57 5,470,076.45 4,060,636.44 5,120,946.12
其他应交款 5.21 6.21 303,680.76 274,269.41 298,308.07 268,973.57
其他应付款 221,754,738.37 77,974,327.12 203,466,637.09 72,268,222.56
预提费用 5.22 6.22 4,240,000.00 493,452.86 4,240,000.00 493,452.86
预计负债 10,410,558.00 10,410,558.00
一年内到期的长期负债 5.23 6.23 24,273,638.02 23,907,525.96 24,273,638.02 23,907,525.96
其他流动负债
流动负债合计 813,271,511.51 786,447,330.90 791,924,479.41 765,668,899.02
长期负债：
长期借款 5.24 6.24 4,700,000.00 2,700,000.00 4,700,000.00 2,700,000.00
应付债券
长期应付款
专项应付款 5.25 6.25 16,893,425.91 16,293,505.91 16,893,425.91 16,293,505.91
其他长期负债 5.26 23,568.98 23,568.98
长期负债合计 21,616,994.89 19,017,074.89 21,593,425.91 18,993,505.91
递延税项：
递延税款贷项
负债合计 834,888,506.40 805,464,405.79 813,517,905.32 784,662,404.93
少数股东权益 3,200,767.44 3,318,098.48
所有者权益（或股东权益）：
实收资本（或股本） 5.27 6.26 399,286,890.00 399,286,890.00 399,286,890.00 399,286,890.00
减：已归还投资
实收资本（或股本）净额 399,286,890.00 399,286,890.00 399,286,890.00 399,286,890.00
资本公积 5.28 6.27 222,366,140.12 222,366,140.12 222,366,140.12 222,366,140.12
盈余公积 5.29 6.28 27,343,245.73 27,160,268.23 22,767,526.37 22,767,526.37
其中：法定公益金 1,012,054.45 699,704.10
未分配利润 5.30 6.29 -517,993,581.86 -515,700,824.11 -513,260,579.84 -511,308,082.25
拟分配现金股利
外币报表折算差额
减：未确认投资损失 5.31 3,074,672.98 3,074,672.98
所有者权益
（或股东权益）合计
127,928,021.01 130,037,801.26 131,159,976.65 133,112,474.24
负债和所有者权益
（或股东权益）总计
966,017,294.85 938,820,305.53 944,677,881.97 917,774,879.17
公司法定代表人:徐伟 主管会计工作负责人:范幼林 会计机构负责人:吴剑啸
上海自动化仪表股份有限公司 2006 年中期报告
shanghai automation instrumentation co.,ltd. interim report 2006
19
利润及利润分配表
2006 年 1-6 月
编制单位: 上海自动化仪表股份有限公司
单位:元 币种:人民币
项目 附注 合并 母公司
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 5.32 6.30 461,946,641.93 376,638,724.39 435,460,763.87 348,995,588.14
减：主营业务成本 5.32 6.30 377,727,660.38 293,369,321.60 359,183,899.54 274,626,427.58
主营业务税金及附加 5.33 6.31 2,065,330.32 1,797,799.54 1,967,701.67 1,741,863.14
二、主营业务利润（亏损以“-”号
填列） 82,153,651.23 81,471,603.25 74,309,162.66 72,627,297.42
加：其他业务利润（亏损以“-”号
填列） 5.34 6.32 4,110,701.85 -4,770,400.67 3,218,825.41 -5,343,320.39
减: 营业费用 16,596,859.75 17,085,739.20 15,129,386.51 16,157,471.85
管理费用 71,731,277.03 53,268,596.29 64,763,537.98 48,227,656.04
财务费用 5.35 6.33 5,265,115.86 12,255,839.94 5,240,768.57 9,877,550.27
三、营业利润（亏损以“-”号填
列） -7,328,899.56 -5,908,972.85 -7,605,704.99 -6,978,701.13
加：投资收益（损失以“-”号填
列） 5.36 6.34 5,622,845.07 6,530,141.80 5,783,531.25 7,061,807.28
补贴收入
营业外收入 5.37 6.35 64,232.99 3,174,660.71 64,232.99 3,127,587.71
减：营业外支出 5.38 6.36 225,558.72 770,420.90 194,556.84 679,661.37
四、利润总额（亏损总额以“-”号
填列） -1,867,380.22 3,025,408.76 -1,952,497.59 2,531,032.49
减：所得税 5.39 118,966.13 314,430.74
减：少数股东损益 51,155.73 179,945.53
加：未确认投资损失(合并报表填
列)
五、净利润（亏损以“-”号填列） -2,037,502.08 2,531,032.49 -1,952,497.59 2,531,032.49
加：年初未分配利润 -515,700,824.11 -520,946,218.67 -511,308,082.25 -517,505,348.08
其他转入
六、可供分配的利润 -517,738,326.19 -518,415,186.18 -513,260,579.84 -514,974,315.59
减：提取法定盈余公积 24,853.42 29,320.07
提取法定公益金 29,320.07
提取职工奖励及福利基金(合并
报表填列) 72,278.17 72,328.93
提取储备基金 54,208.62
提取企业发展基金 54,208.62
利润归还投资
七、可供股东分配的利润 -517,943,875.02 -518,546,155.25 -513,260,579.84 -514,974,315.59
减：应付优先股股利
提取任意盈余公积 49,706.84 137,813.45
应付普通股股利
转作股本的普通股股利
八、未分配利润(未弥补亏损以“-
”号填列) -517,993,581.86 -518,683,968.70 -513,260,579.84 -514,974,315.59
补充资料：
1.出售、处置部门或被投资单位所
得收益 -51,090.32 -51,090.32
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:徐伟 主管会计工作负责人:范幼林 会计机构负责人:吴剑啸
上海自动化仪表股份有限公司 2006 年中期报告
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现金流量表
2006 年 1-6 月
编制单位: 上海自动化仪表股份有限公司
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 374,236,414.94 342,460,347.53
收到的税费返还
收到的其他与经营活动有关的现金 5.40 11,293,363.35 2,803,182.79
现金流入小计 385,529,778.29 345,263,530.32
购买商品、接受劳务支付的现金 272,322,679.98 251,730,612.12
支付给职工以及为职工支付的现金 60,395,470.31 54,431,198.69
支付的各项税费 27,446,868.30 24,953,525.36
支付的其他与经营活动有关的现金 5.41 62,346,766.80 50,582,078.21
现金流出小计 422,511,785.39 381,697,414.38
经营活动产生的现金流量净额 -36,982,007.10 -36,433,884.06
二、投资活动产生的现金流量：
收回投资所收到的现金 1,175,170.54 1,175,170.54
其中：出售子公司收到的现金
取得投资收益所收到的现金 1,632,959.68 1,617,959.68
处置固定资产、无形资产和其他长期资产而收回的现金 86,227.60 63,427.60
收到的其他与投资活动有关的现金
现金流入小计 2,894,357.82 2,856,557.82
购建固定资产、无形资产和其他长期资产所支付的现金 3,565,889.97 3,286,991.28
投资所支付的现金 797,983.94 797,983.94
支付的其他与投资活动有关的现金
现金流出小计 4,363,873.91 4,084,975.22
投资活动产生的现金流量净额 -1,469,516.09 -1,228,417.40
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 197,000,000.00 197,000,000.00
收到的其他与筹资活动有关的现金 5.42 276,156,386.25 276,156,386.25
现金流入小计 473,156,386.25 473,156,386.25
偿还债务所支付的现金 303,500,000.00 303,500,000.00
分配股利、利润或偿付利息所支付的现金 5,006,852.39 4,837,326.45
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 5.43 140,000,000.00 140,000,000.00
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 448,506,852.39 448,337,326.45
筹资活动产生的现金流量净额 24,649,533.86 24,819,059.80
四、汇率变动对现金的影响
五、现金及现金等价物净增加额 -13,801,989.33 -12,843,241.66
上海自动化仪表股份有限公司 2006 年中期报告
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补充材料
1、将净利润调节为经营活动现金流量：
净利润 -2,037,502.08 -1,952,497.59
加：少数股东损益(亏损以“-”号填列) 51,155.73
减：未确认的投资损失
加：计提的资产减值准备 3,586,876.54 3,586,876.54
固定资产折旧 7,954,040.37 7,496,849.88
无形资产摊销 279,539.40 279,539.40
长期待摊费用摊销 176,892.77 176,892.77
待摊费用减少（减：增加） -129,985.06 -122,035.06
预提费用增加（减：减少） 3,746,547.14 3,746,547.14
处理固定资产、无形资产和其他长期资产的损失(减:收益) 125,093.72 125,093.72
固定资产报废损失 31,001.88
财务费用 5,004,714.62 4,961,188.68
投资损失（减：收益） -5,622,845.07 -5,783,531.25
递延税款贷项（减：借项）
存货的减少（减：增加） -7,499,688.37 -8,068,827.37
经营性应收项目的减少(减：增加) -39,797,960.67 -37,341,262.33
经营性应付项目的增加(减：减少) -2,484,327.34 -3,431,801.09
其他 -365,560.68 -106,917.50
经营活动产生的现金流量净额 -36,982,007.10 -36,433,884.06
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 79,661,911.58 70,158,977.31
减：现金的期初余额 93,463,900.91 83,002,218.97
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 -13,801,989.33 -12,843,241.66
公司法定代表人:徐伟 主管会计工作负责人:范幼林 会计机构负责人:吴剑啸
上海自动化仪表股份有限公司 2006 年中期报告
shanghai automation instrumentation co.,ltd. interim report 2006
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合并资产减值准备明细表
2006 年 1-6 月
编制单位: 上海自动化仪表股份有限公司
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 426,298,211.02 3,586,876.54 506,153.46 506,153.46 429,378,934.10
其中：应收账款 327,421,308.03 3,586,876.54 506,153.46 506,153.46 330,502,031.11
其他应收款 98,876,902.99 98,876,902.99
短期投资跌价准备合计 51,233.81 51,233.81 51,233.81
其中：股票投资 51,233.81 51,233.81 51,233.81
债券投资
存货跌价准备合计 25,520,517.98 333,542.61 333,542.61 25,186,975.37
其中：库存商品 8,697,896.82 91,491.03 91,491.03 8,606,405.79
在产品 10,075,256.95 10,075,256.95
原材料 6,747,364.21 242,051.58 242,051.58 6,505,312.63
长期投资减值准备合计 7,626,926.25 7,626,926.25
其中：长期股权投资 7,626,926.25 7,626,926.25
长期债权投资
固定资产减值准备合计 21,950,900.24 1,794,071.90 1,794,071.90 20,156,828.34
其中：房屋、建筑物 8,140,057.53 8,140,057.53
机器设备 6,452,286.85 6,452,286.85
运输设备 791,717.10 791,717.10
其他设备 6,566,838.76 1,794,071.90 1,794,071.90 4,772,766.86
无形资产减值准备 3,458,643.00 3,458,643.00
其中：专利权 3,458,643.00 3,458,643.00
商标权
在建工程减值准备 5,469,152.07 5,469,152.07
委托贷款减值准备
资产减值合计 490,375,584.37 3,586,876.54 2,685,001.78 2,685,001.78 491,277,459.13
公司法定代表人:徐伟 主管会计工作负责人:范幼林 会计机构负责人:吴剑啸
上海自动化仪表股份有限公司 2006 年中期报告
shanghai automation instrumentation co.,ltd. interim report 2006
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母公司资产减值准备明细表
2006 年 1-6 月
编制单位: 上海自动化仪表股份有限公司
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 369,347,754.00 3,586,876.54 506,153.46 506,153.46 372,428,477.08
其中：应收账款 194,758,848.25 3,586,876.54 506,153.46 506,153.46 197,839,571.33
其他应收款 174,588,905.75 174,588,905.75
短期投资跌价准备合计 51,233.81 51,233.81 51,233.81
其中：股票投资 51,233.81 51,233.81 51,233.81
债券投资
存货跌价准备合计 24,460,825.29 333,542.61 333,542.61 24,127,282.68
其中：库存商品 8,055,251.33 91,491.03 91,491.03 7,963,760.30
在产品 9,768,679.04 9,768,679.04
原材料 6,636,894.92 242,051.58 242,051.58 6,394,843.34
长期投资减值准备合计 7,626,926.25 7,626,926.25
其中：长期股权投资 7,626,926.25 7,626,926.25
长期债权投资
固定资产减值准备合计 21,877,528.37 1,794,071.90 1,794,071.90 20,083,456.47
其中：房屋、建筑物 8,140,057.53 8,140,057.53
机器设备 6,416,392.65 6,416,392.65
运输设备 754,239.43 754,239.43
其他设备 6,566,838.76 1,794,071.90 1,794,071.90 4,772,766.86
无形资产减值准备 3,458,643.00 3,458,643.00
其中：专利权 3,458,643.00 3,458,643.00
商标权
在建工程减值准备 5,469,152.07 5,469,152.07
委托贷款减值准备
资产减值合计 432,292,062.79 3,586,876.54 2,685,001.78 2,685,001.78 433,193,937.55
公司法定代表人:徐伟 主管会计工作负责人:范幼林 会计机构负责人:吴剑啸
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 64.22 63.68 0.206 0.206
营业利润 -5.73 -5.68 -0.018 -0.018
净利润 -1.59 -1.58 -0.005 -0.005
扣除非经常性损益后的净利润 -1.67 -1.66 -0.005 -0.005
上海自动化仪表股份有限公司 2006 年中期报告
shanghai automation instrumentation co.,ltd. interim report 2006
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公 司 概 况
上海自动化仪表股份有限公司（以下简称“本公司”）于 1993 年 9 月经批准改制为中外合资股
份有限公司，本公司的人民币普通股（a 股）及境内上市外资股（b 股）分别于 1994 年 3 月和 4 月在
上海证券交易所上市。1994 年 11 月 24 日由上海市工商行政管理局颁发了注册号为企股沪总字第
019035 号（市局）的企业法人营业执照，现法定代表人为徐伟，现注册资本为人民币
399,286,890.00 元，所属行业为制造业。公司经营范围为自动化控制系统和自动化仪表及其相关的
机电产品、元器件；仪表成套装置、仪器仪表元器件、工艺配套件；技术服务和咨询及投资兴办公司
（涉及许可经营的凭许可证经营），主要产品为工业用控制系统和仪表、汽车电子装置、分析仪器、
办公楼控制系统及家用电器。
2005 年 12 月 28 日上海市国有资产监督管理委员会以沪国资委〔2005〕950 号文关于上海自动化
仪表股份有限公司国有股划转有关问题的批复，同意将上海仪电控股（集团）公司所持有的本公司
11519.6424 万股国有股权划转给上海电气（集团）总公司。目前相关股权转让手续已办理完毕，上
海电气（集团）总公司成为本公司第一大股东，占公司股份总数的 28.85%，股份性质为国家股。
(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：
外币业务按发生时的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，期末外币帐户余额按期末市场汇价（中间价）折合成人民币金额进行调整。外币专门借款帐
上海自动化仪表股份有限公司 2006 年中期报告
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25
户期末折算差额，在所购建固定资产达到预定可使用状态前的特定时间段内，按规定予以资本化，计
入在建工程成本，其余的外币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；
以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，按成本与收盘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）按账龄分析法和个别认定法计提坏账准备， 对余额重大的应收款项、应收关联公司款项和应收
国家重点工程款项进行单项分析，在分析过程中，将综合考虑此账款的账龄、债务单位的财务及经营
情况和现金流量情况、账款的当期回收情况及期后回收情况等，从而进行专项坏账准备的估计并计
提。
上海自动化仪表股份有限公司 2006 年中期报告
shanghai automation instrumentation co.,ltd. interim report 2006
26
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） 6 6
1－2 年 25 25
2－3 年 40 40
3－4 年 70 70
4－5 年 90 90
5 年以上 100 100
9、存货核算方法：
1） 存货分类为
存货分类为：原材料、在产品、产成品等。
（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；发出时按计划成本法计价，月份终了，按发出各种存货的计划
成本计算应摊销的成本差异。
（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。中期末及年末，公司对各种存货予以全面盘点，对于发生盘盈（亏）、毁损的
存货的价值计入当年损益类帐项。
（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，对于因库存存货遭受毁损、陈旧过时或销售价格低于成
本等原因，使存货成本不可收回的部分按单个存货的成本与可变现净值孰低提取或调整存货跌价准
备。
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。
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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按财会
[2004]3 号文处理。
（3）长期债权投资的核算方法
中期末及年末，按合同规定利率或债券票面利率计提利息，并同时按直线法摊销债券投资溢价或
折价。
如果计提的利息到期不能收回，停止计息并冲回原已计提的利息。
（4）长期投资减值准备的计提
中期末及年末，按预计可收回金额低于长期投资帐面价值的差额，计提长期投资减值准备。
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。
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 20-44 年 5% 2.16%-4.75%
机器设备 10-20 年 5% 4.75%-9.5%
运输设备 5-12 年 5% 7.92%-19%
土地 50 年 -- 2%
固定资产装修 5 年 -- 20%
经营租入固定资产改良 5 年 -- 20%
其他设备 4-10 年 5% 9.5%-23.75%
1） 固定资产的取得计价：
一般遵循实际成本计价原则计价。
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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。
2）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，采用合理的方法单独计提折旧；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，采用合理的方法单独计提折旧。
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、剩尚租赁期与固定资产尚可使用年限三者中较短的期间
内，采用合理的方法单独计提折旧。
(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：
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（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。
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。
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（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
每一会计期间利息的资本化金额＝至当期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。
（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
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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：
主要税种及税率
税种 计税依据 税率
增值税 应税收入 17％
营业税 5％
企业所得税 应纳税所得额 15%－33％
(四)控股子公司及合营企业
单位:元 币种:人民币
权益比例(%)
单位名称 注册地 法定代表人 注册资本 经营范围
投资额 直接 间接
是否合并
上海申友电器设
备有限公司
上海市漕宝路
73 号
沈国云
美元
30 万元
生 产 、 销 售 低 压 电 器
柜、控制柜台、配套仪
表及零部件
美元
20 万元
66.67% 是
上海精工游丝有
限公司
上海市中山北
路 1258 号
乐嘉民
日元
8000 万元
生产、销售游丝系列产
品及售后服务
日元
6000 万元
75% 是
上海麦克林电子
有限公司
上海市延安西
路 1599 号
乐嘉民
美元
710 万元
生产、销售文字信息处
理机及小型控制系统
美元
532.50 万元
75% 是
上海自仪房地产
开发经营公司
上海市青云路
555 号 368 室
陈招宝
人民币
500 万元
提供房地产经营、室内
装潢、建筑材料及相关
劳务
人民币
500 万元
100% 是
上海自九量具有
限公司
青浦区白鹤镇
外青松公路
2550 号
茹汉胜
人民币
63 万元
生产、销售机械量具、
电子量具及售后服务
人民币
42 万元
66.67% 是
上海金波弹性元
件有限公司
上海市园光路
219 号
程明华
人民币
100 万元
生产、销售仪表弹性元
件、组件及相关整机及
售后服务
人民币
75 万元
75% 是
报告期内，合并报表范围未发生重大变更。
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(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 / / 362,067.06 / / 403,948.83
银行存款 / / 74,873,361.80 / / 90,816,037.39
其中:美元 4,597.73 7.9956 36,761.61 4,597.73 8.0702 37,104.60
其他货币资金 / / 4,426,482.72 / / 2,243,914.69
合计 / / 79,661,911.58 / / 93,463,900.91
2、短期投资
(1) 短期投资分类
单位:元 币种:人民币
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
股权投资合计 451,381.76 51,233.81 400,147.95 579,295.16 579,295.16 598,792.42
其中：股票投资 451,381.76 51,233.81 400,147.95 579,295.16 579,295.16 598,792.42
合计 451,381.76 51,233.81 400,147.95 579,295.16 579,295.16 598,792.42
(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 帐面净额
g 豫园 40,817 404,575.98 10.26 418,782.42 404,575.98
g 雷鸣 26,000 140,839.18 5.32 138,320.00 140,839.18
中行 11,000 33,880.00 3.79 41,690.00 33,880.00
合计 77,817 579,295.16 / 598,792.42 579,295.16
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 期初数
银行承兑汇票 3,597,117.00 4,467,190.31
商业承兑汇票
合计 3,597,117.00 4,467,190.31
4、应收股利
单位:元 币种:人民币
项目 期初数 本期减少数 期末数
应收联营公司股利 272,946.85 60,516.87 212,429.98
合计 272,946.85 60,516.87 212,429.98
5、应收账款
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(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 255,157,457.76 38.98 4,940,098.76 196,528,993.36 33.40 4,940,098.76
一至二年 53,056,339.60 8.11 5,774,032.10 48,912,585.67 8.31 5,774,032.10
二至三年 24,360,067.18 3.72 6,564,153.23 23,172,333.65 3.94 6,564,153.23
三至四年 18,475,230.79 2.82 13,310,183.58 19,895,629.64 3.38 13,310,183.58
四至五年 14,622,579.77 2.23 11,752,711.53 13,900,668.62 2.36 11,752,711.53
五年以上 288,903,834.38 44.14 288,160,851.91 286,010,923.23 48.61 285,080,128.83
合计 654,575,509.48 100.00 330,502,031.11 588,421,134.17 100.00 327,421,308.03
(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 327,421,308.03 3,586,876.54 506,153.46 506,153.46 330,502,031.11
(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
177,137,911.29 27.06 172,009,142.69 29.23
(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。
6、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 45,902,234.25 29.11 1,465,017.14 26,577,159.88 17.79 1,465,017.14
一至二年 19,959,076.23 12.66 8,854,137.77 18,845,030.74 12.62 8,854,137.77
二至三年 3,728,685.69 2.36 2,076,011.66 3,894,769.26 2.61 2,076,011.66
三至四年 2,596,089.41 1.65 2,309,403.00 2,844,101.67 1.90 2,309,403.00
四至五年 6,450,658.96 4.09 5,918,761.00 6,556,435.86 4.39 5,918,761.00
五年以上 79,030,847.43 50.13 78,253,572.42 78,253,572.42 60.69 78,253,572.42
合计 157,667,591.97 100.00 98,876,902.99 136,971,069.83 100.00 98,876,902.99
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(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 期末余额
其他应收款坏帐准备 98,876,902.99 98,876,902.99
(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
40,411,463.65 25.63 37,741,219.20 27.55
(4) 本报告期其他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。
7、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 48,500,904.42 91.76 99,065,008.58 95.98
一至二年 2,711,160.92 5.13 4,136,379.59 4.01
二至三年 1,645,810.63 3.11 10,531.77 0.01
合计 52,857,875.97 100.00 103,211,919.94 100.00
(2) 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。
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 77,985,585.86 6,505,312.63 71,480,273.23 71,801,199.29 6,747,364.21 65,053,835.08
在产品 81,697,740.63 10,075,256.95 71,622,483.68 80,402,886.22 10,075,256.95 70,327,629.27
产成品 90,094,542.89 8,606,405.79 81,488,137.10 90,407,638.11 8,697,896.82 81,709,741.29
合计 249,777,869.38 25,186,975.37 224,590,894.01 242,611,723.62 25,520,517.98 217,091,205.64
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
定报费 75,771.98 3,900.38 37,885.99 41,786.37
保险费 30,190.64 66,983.08 60,855.57 36,318.15
房租 92,190.00 276,570.00 276,570.00 92,190.00
其他 188,045.71 30,202.55 157,843.16
合计 198,152.62 535,499.17 405,514.11 328,137.68
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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 1,925,008.66 1,925,008.66
对联营公司投资 78,834,274.62 4,144,887.81 544,622.40 82,434,540.03
其他股权投资 18,570,068.80 22,196.96 18,547,871.84
股权投资差额 108,116.00 108,116.00
合计 99,437,468.08 4,144,887.81 566,819.36 103,015,536.53
减：长期股权投资减值准备 7,626,926.25 7,626,926.25
长期股权投资净值合计 91,810,541.83 / / 95,388,610.28
(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(%)
帐面余额 帐面净额
交通银行 法人股 150,210 <5% 198,252.00 198,252.00
上海氯碱化工股份有限公司 法人股 77,000 <5% 310,000.00 310,000.00
上海广电信息产业股份有限公司 法人股 303,400 <5% 966,756.66 966,756.66
吉林高速公路发展股份有限公司 法人股 150,000 <5% 450,000.00 450,000.00
合计 / 680,610 / 1,925,008.66 1,925,008.66
(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
分得的
现金红利
累计增减额 期末余额
上海大华-千野
仪表有限公司
对联营企业
投资
50 5,805,000.00 8,973,651.01 349,431.94 3,409,966.95 9,323,082.95
上海海隆流体控
制技术有限公司
对联营企业
投资
44.50 691,205.00 1,057,490.28 -68,865.00 297,420.28 988,625.28
上海上自仪仪表
机械制造有限公
司
对联营企业
投资
44.44 400,000.00 0 -131,726.54 -531,726.54 -131,726.54
上海新风接插件
有限公司
对联营企业
投资
43.33 544,622.40 -544,622.40 0 0
上海横河电机有
限公司
对联营企业
投资
40 12,973,203.00 27,852,740.23 3,308,808.99 18,188,346.22 31,161,549.22
上海上自仪调节
器有限公司
对联营企业
投资
40 400,000.00 713,510.49 -200,854.38 112,656.11 512,656.11
上海胜谊仪表变
压器有限公司
对联营企业
投资
40 320,000.00 374,523.96 7,400.47 61,924.43 381,924.43
上海自仪九仪表
有限公司
对联营企业
投资
40.32 1,000,000.00 2,549,612.49 57,484.97 -100,000 1,507,097.46 2,507,097.46
上海上自仪转速
表仪表电机有限
公司
对联营企业
投资
40 680,000.00 1,786,988.03 -108,389.26 998,598.77 1,678,598.77
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上海康茂胜气动
控制元件有限公
司
对联营企业
投资
40 5,395,394.00 22,172,546.96 1,333,819.27 18,110,972.23 23,506,366.23
上海康茂胜自动
控制有限公司
对联营企业
投资
40 6,952,680.00 6,952,680.00 -116,804.99 -116,804.99 6,835,875.01
上海麦克林洗涤
有限公司
对联营企业
投资
20 1,579,603.00 0 -141,371.49 -1,720,974.49 -141,371.49
千野测控设备
（昆山）有限公
司
对联营企业
投资
20 2,648,640.00 3,022,376.28 245,274.56 619,010.84 3,267,650.84
上海上仪国际贸
易有限公司
对联营企业
投资
49 2,450,000.00 2,941,648.49 -289,320.73 202,327.76 2,652,327.76
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(%)
期初余额 期末余额
埃斯凯变压器有限公司 12.22 6,860,961.99 6,860,961.99
上海西门子工业自动化有限公司 10 2,398,080.00 2,398,080.00
其他 5.00-100.00 9,311,026.81 9,288,829.85
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
其他 7,626,926.25 7,626,926.25
(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 期末余额
上海大华-千野仪表有限公司 108,116.00 108,116.00
合计 108,116.00 108,116.00
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： 323,890,846.75 4,548,686.52 8,724,904.08 319,714,629.19
其中：房屋及建筑物 57,920,289.95 57,920,289.95
机器设备 134,078,699.87 2,610,369.01 408,941.13 136,280,127.75
电子设备
运输设备 20,718,721.28 1,339,290.00 617,132.32 21,440,878.96
土地 23,197,017.50 23,197,017.50
固定资产装修 469,810.00 85,137.00 554,947.00
经营租入固定资产改良 16,734,128.89 16,734,128.89
其他设备 70,772,179.26 513,890.51 7,698,830.63 63,587,239.14
二、累计折旧合计： 177,317,050.77 7,954,040.37 6,528,682.66 178,742,408.48
其中：房屋及建筑物 23,722,166.98 894,245.76 24,616,412.74
机器设备 86,661,740.86 3,171,942.42 180,785.56 89,652,897.72
电子设备
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运输设备 10,898,460.75 721,245.84 485,601.76 11,134,104.83
土地 1,307,195.50 279,727.86 1,586,923.36
固定资产装修 82,442.84 34,176.91 116,619.75
经营租入固定资产改良 5,391,269.87 1,095,735.59 6,487,005.46
其他设备 49,253,773.97 1,756,965.99 5,862,295.34 45,148,444.62
三、固定资产净值合计 146,573,795.98 140,972,220.71
其中：房屋及建筑物 34,198,122.97 33,303,877.21
机器设备 47,416,959.01 46,627,230.03
电子设备
运输设备 9,820,260.53 10,306,774.13
土地 21,889,822.00 21,610,094.14
固定资产装修 387,367.16 438,327.25
经营租入固定资产改良 11,342,859.02 10,247,123.43
其他设备 21,518,405.29 18,438,794.52
四、减值准备合计 21,950,900.24 1,794,071.90 20,156,828.34
其中：房屋及建筑物 8,140,057.53 8,140,057.53
机器设备 6,452,286.85 6,452,286.85
电子设备
运输设备 791,717.10 791,717.10
其他设备 6,566,838.76 1,794,071.90 4,772,766.86
五、固定资产净额合计 124,622,895.74 120,815,392.37
其中：房屋及建筑物 26,058,065.44 25,163,819.68
机器设备 40,964,672.16 40,174,943.18
电子设备
运输设备 9,028,543.43 9,515,057.03
土地 21,889,822.00 21,610,094.14
固定资产装修 387,367.16 438,327.25
经营租入固定资产改良 11,342,859.02 10,247,123.43
其他设备 14,951,566.53 13,666,027.66
12、工程物资
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
工程材料 33,126.97 3,655.34 29,471.63
合计 33,126.97 3,655.34 29,471.63
13、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 8,104,495.33 5,469,152.07 2,635,343.26 6,726,482.43 5,469,152.07 1,257,330.36
(1) 在建工程项目变动情况
单位:元 币种:人民币
上海自动化仪表股份有限公司 2006 年中期报告
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项目名称 期初数 本期增加 期末数
dcp 大屏幕 523,639.00 523,639.00
其他 649,935.76 1,299,576.90 1,949,512.66
设备采购 83,755.60 3,236.00 86,991.60
技改项目 59,403.10 75,200.00 134,603.10
双加标定 131,878.72 131,878.72
事故顺序纪录仪 2,378,485.90 2,378,485.90
引进绘图仪 2,899,384.35 2,899,384.35
合计 6,726,482.43 1,378,012.90 8,104,495.33
(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
技改项目 59,403.10 59,403.10
双加标定 131,878.72 131,878.72
事故顺序纪录仪 2,378,485.90 2,378,485.90
引进绘图仪 2,899,384.35 2,899,384.35
合计 5,469,152.07 5,469,152.07
14、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
固定资产清理 11,843.32 11,843.32
合计 11,843.32 11,843.32
15、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 5,130,668.19 3,458,643.00 1,672,025.19 5,405,923.59 3,458,643.00 1,947,280.59
1） 无形资产变动情况
单位:元 币种:人民币
种类 取得方式 期初数 本期增加 本期摊销 累计摊销 期末数
专有技术 购入 4,527,574.32 118,252.74 16,910,173.94 4,409,321.58
电脑软件 购入 878,349.27 4,284.00 161,286.66 978,108.54 721,346.61
合计 / 5,405,923.59 4,284.00 279,539.40 17,888,282.48 5,130,668.19
(2) 无形资产减值准备
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
专利技术 3,458,643.00 3,458,643.00
合计 3,458,643.00 3,458,643.00
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16、长期待摊费用
单位:元 币种:人民币
种类 原始金额 期初数 本期摊销 累计摊销 期末数
经营租入固定资
产装修费
23,010,061.36 802,393.40 170,594.62 22,378,262.58 631,798.78
erp 系统 196,718.00 147,279.44 6,298.15 55,736.71 140,981.29
合计 23,206,779.36 949,672.84 176,892.77 22,433,999.29 772,780.07
17、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
担保借款 213,500,000.00 332,410,558.00
信用借款 1,552,005.53 1,511,303.22
合计 215,052,005.53 333,921,861.22
18、应付福利费：
单位:元 币种:人民币
项目 期末数 期初数
应付福利费 2,641,025.19 2,593,457.52
合计 2,641,025.19 2,593,457.52
19、应付股利：
单位:元 币种:人民币
项目 期末数 期初数
上海仪电控股（集团）公司 4,482,460.25 4,482,460.25
费启鳞，吴荣明，段福金等自然人（子公司的少数股东） 75,000.00 75,000.00
日本精工株式会社（子公司的少数股东） 126,486.77
合计 4,683,947.02 4,557,460.25
20、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 2,988,034.47 1,947,709.80 应税收入
营业税 80,383.56 1,707,916.86
所得税 43,880.39 152,856.50 应纳税所得额
城建税 350,801.96 417,044.81
其他 1,101,421.19 1,244,548.48
合计 4,564,521.57 5,470,076.45 /
21、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
教育费附加 177,617.48 202,672.00
河道管理费 29,143.16 45,414.47
其他 96,920.12 26,182.94
合计 303,680.76 274,269.41 /
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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
利息 120,000.00 0
租金 4,120,000.00 493,452.86
合计 4,240,000.00 493,452.86 /
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
币种 本币金额 币种 本币金额
信用借款 人民币 24,273,638.02 人民币 23,907,525.96
合计 / 24,273,638.02 / 23,907,525.96
24、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
委托贷款 4,700,000.00 2,700,000.00
合计 4,700,000.00 2,700,000.00
(2) 长期借款情况：
单位:元 币种:人民币
期末数 期初数
种类
币种 本币金额 币种 本币金额
委托贷款 人民币 4,700,000.00 人民币 2,700,000.00
合计 / 4,700,000.00 / 2,700,000.00
25、专项应付款：
单位:元 币种:人民币
项目 期末数 期初数
专项拨款 16,893,425.91 16,293,505.91
合计 16,893,425.91 16,293,505.91
26、其他长期负债：
单位:元 币种:人民币
项目 期末数 期初数
筹建期间汇兑损益 23,568.98 23,568.98
合计 23,568.98 23,568.98
上海自动化仪表股份有限公司 2006 年中期报告
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27、股本
单位:股
本次变动前 本次变动增减（＋，－） 本次变动后
数量 比例
发行
新股
送
股
公积金
转股
其
他
小
计
数量 比例
一、未上市流通股份
1、发起人股份 243,160,590 60.90 243,160,590 60.90
其中：
国家持有股份 207,842,149 52.05 207,842,149 52.05
境内法人持有股份 35,318,441 8.85 35,318,441 8.85
境外法人持有股份
其他
2、募集法人股份 15,306,500 3.83 15,306,500 3.83
3、内部职工股
4、优先股或其他
未上市流通股份合计 258,467,090 64.73 258,467,090 64.73
二、已上市流通股份
1、人民币普通股 33,674,300 8.43 33,674,300 8.43
2、境内上市的外资股 107,145,500 26.84 107,145,500 26.84
3、境外上市的外资股
4、其他
已上市流通股份合计 140,819,800 35.27 140,819,800 35.27
三、股份总数 399,286,890 100.00 399,286,890 100.00
28、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 74,447,223.12 74,447,223.12
接受捐赠非现金资产准备 152,042.00 152,042.00
股权投资准备 613,856.67 613,856.67
外币资本折算差额 2,850,140.00 2,850,140.00
其他资本公积 144,302,878.33 144,302,878.33
合计 222,366,140.12 222,366,140.12
29、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 14,229,280.41 24,853.42 14,254,133.83
法定公益金 1,012,054.45 1,012,054.45
任意盈余公积 10,992,856.95 1,061,761.29 12,054,618.24
储备基金 463,038.21 54,208.62 517,246.83
企业发展基金 463,038.21 54,208.62 517,246.83
合计 27,160,268.23 1,195,031.95 1,012,054.45 27,343,245.73
上海自动化仪表股份有限公司 2006 年中期报告
shanghai automation instrumentation co.,ltd. interim report 2006
42
30、未分配利润：
单位:元 币种:人民币
项目 期末数
净利润 -2,037,502.08
加：年初未分配利润 -515,700,824.11
其他转入
减：提取法定盈余公积 24,853.42
提取法定公益金
提取职工奖励及福利基金 72,278.17
提取储备基金 54,208.62
提取企业发展基金 54,208.62
提取任意盈余公积 49,706.84
未分配利润 -517,993,581.86
31、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 3,074,672.98 3,074,672.98
32、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
仪器仪表行业 461,946,641.93 377,727,660.38 376,638,724.39 293,369,321.60
合计 461,946,641.93 377,727,660.38 376,638,724.39 393,369,321.60
内部抵消 -- -- -- --
合计 461,946,641.93 377,727,660.38 376,638,724.39 293,369,321.60
(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
数字控制系统工程 86,409,891.78 72,670,268.90 61,634,573.79 48,157,560.77
其他控制系统工程 68,631,304.28 61,501,193.77 45,473,448.31 39,266,224.29
仪表及装置 306,905,445.87 243,556,197.71 269,530,702.29 205,945,536.54
合计 461,946,641.93 377,727,660.38 376,638,724.39 293,369,321.60
内部抵消 -- -- -- --
合计 461,946,641.93 377,727,660.38 376,638,724.39 293,369,321.60
上海自动化仪表股份有限公司 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
市内 90,189,416.73 76,034,943.92 85,474,854.02 67,221,972.41
市外 371,757,225.20 301,692,716.46 291,163,870.37 226,147,349.19
合计 461,946,641.93 377,727,660.38 376,638,724.39 293,369,321.60
内部抵消 -- --- -- --
合计 461,946,641.93 377,727,660.38 376,638,724.39 293,369,321.60
33、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
城建税 1,333,574.76 1,208,256.82
教育费附加 647,709.53 568,475.61
其他 84,046.03 21,067.11
合计 2,065,330.32 1,797,799.54 /
34、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
租赁 4,577,630.06 2,900,226.79 1,677,403.27 1,425,120.65 525,323.84 899,796.81
劳务 54,086.04 54,086.04
材料销售 1,608,205.18 1,602,348.06 5,857.12 1,744,576.52 8,331,797.81 -6,587,221.29
其他 56,444,550.97 54,017,109.51 2,427,441.46 61,739,163.60 60,876,225.83 862,937.77
合计 62,630,386.21 58,519,684.36 4,110,701.85 64,962,946.81 69,733,347.48 -4,770,400.67
35、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 5,414,460.57 12,384,264.50
减：利息收入 452,086.74 230,970.65
汇兑损失
减：汇兑收益 1,623.72
其他 302,742.03 104,169.81
合计 5,265,115.86 12,255,839.94
36、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 265,056.88 -244,158.25
其中：股票投资收益 213,823.07 558.95
短期投资收益跌价准备 51,233.81 -244,717.20
长期投资收益 5,357,788.19 6,774,300.05
其中：按权益法确认收益 4,578,878.51 5,920,513.25
按成本法核算的被投资单位分派利润 830,000.00 722,900.00
上海自动化仪表股份有限公司 2006 年中期报告
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股权投资转让收益 -51,090.32
其他长期投资收益 130,886.80
合计 5,622,845.07 6,530,141.80
37、营业外收入：
单位:元 币种:人民币
项目 本期数 上年同期数
固定资产清理净收益 52,714.10 715,033.34
动迁补偿收入 1,688,074.00
罚款收入 8,100.00 10,163.37
其他 3,418.89 761,390.00
合计 64,232.99 3,174,660.71
38、营业外支出：
单位:元 币种:人民币
项目 本期数 上年同期数
固定资产清理损失 208,809.70 301,089.81
捐赠 5,000.00
罚款支付 7,602.54 25,987.02
职工回乡，下乡补助 32,425.70
其他 4,146.48 410,918.37
合计 225,558.72 770,420.90
39、所得税：
单位:元 币种:人民币
项目 本期数 上年同期数
所得税 118,966.13 314,430.74
合计 118,966.13 314,430.74
40、收到的其他与经营活动有关的现金 11,293,363.35 元。
其中:
项目 金额
收到的专项拨款 600,000.00
其他往来款 10,693,363.35
41、支付的其他与经营活动有关的现金 62,346,766.80 元。
其中:
项目 金额
经营和管理费用支出 58,435,678.20
其他 3,911,088.60
42、收到的其他与筹资有关的现金 276,156,386.25 元。
其中：
项目 金额
收到上海电气（集团）总公司款 275,500,000.00
其他 656,386.25
上海自动化仪表股份有限公司 2006 年中期报告
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43、支付的其他与筹资有关的现金 140,000,000.00 元。
其中：
项目 金额
支付上海电气（集团）总公司款 140,000,000.00
(六)母公司会计报表附注
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： / / 322,008.96 / / 388,588.40
银行存款 / / 65,410,485.63 / / 80,369,715.88
其中:美元 4,597.73 7.9956 36,761.61 4,597.73 8.0702 37,104.60
其他货币资金 / / 4,426,482.72 / / 2,243,914.69
合计 / / 70,158,977.31 / / 83,002,218.97
2、短期投资
(1) 短期投资分类
单位:元 币种:人民币
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
股权投资合计 451,381.76 51,233.81 400,147.95 579,295.16 579,295.16 598,792.42
其中：股票投资 451,381.76 51,233.81 400,147.95 579,295.16 579,295.16 598,792.42
合计 451,381.76 51,233.81 400,147.95 579,295.16 579,295.16 598,792.42
(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 帐面净额
g 豫园 40,817 404,575.98 10.26 418,782.42 404,575.98
g 雷鸣 26,000 140,839.18 5.32 138,320.00 140,839.18
中行 11,000 33,880.00 3.79 41,690.00 33,880.00
合计 77,817 579,295.16 / 598,792.42 579,295.16
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 期初数
银行承兑汇票 2,967,117.00 3,410,463.00
商业承兑汇票
合计 2,967,117.00 3,410,463.00
上海自动化仪表股份有限公司 2006 年中期报告
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4、应收股利
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
应收联营公司股利 497,946.85 379,460.31 60,516.87 816,890.29
合计 497,946.85 379,460.31 60,516.87 816,890.29
5、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 247,261,395.14 48.18 4,789,645.58 191,367,481.50 42.56 4,789,645.58
一至二年 52,790,389.27 10.29 5,658,221.24 48,370,546.27 10.76 5,658,221.24
二至三年 24,020,181.22 4.68 6,435,214.79 22,809,800.45 5.07 6,435,214.79
三至四年 18,336,090.25 3.57 13,233,464.98 19,756,588.10 4.39 13,233,464.98
四至五年 14,470,519.77 2.82 11,615,857.53 13,748,608.62 3.06 11,615,857.53
五年以上 156,301,849.13 30.46 156,107,167.21 153,579,885.98 34.16 153,026,444.13
合计 513,180,424.78 100 197,839,571.33 449,632,910.92 100.00 194,758,848.25
(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 194,758,848.25 3,586,876.54 506,153.46 506,153.46 197,839,571.33
(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
51,931,934.00 10.12 46,289,108.00 10.29
(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。
6、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 44,619,666.71 19.33 1,419,705.66 25,155,204.15 11.95 1,419,705.66
一至二年 19,426,544.77 8.42 8,846,530.89 18,810,703.53 8.94 8,846,530.89
二至三年 3,417,323.74 1.48 2,070,011.66 3,858,769.26 1.83 2,070,011.66
三至四年 2,089,723.48 0.91 1,963,582.92 2,334,282.99 1.11 1,963,582.92
上海自动化仪表股份有限公司 2006 年中期报告
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四至五年 6,803,441.96 2.95 6,525,415.82 6,556,435.86 3.12 6,525,415.82
五年以上 154,432,540.81 66.91 153,763,658.80 153,763,658.80 73.05 153,763,658.80
合计 230,789,241.47 100.00 174,588,905.75 210,479,054.59 100.00 174,588,905.75
(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 期末余额
其他应收款坏帐准备 174,588,905.75 174,588,905.75
(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
40,411,463.65 17.51 110,106,868.10 52.31
(4) 本报告期其他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。
7、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 47,544,528.33 91.61 97,721,165.95 95.96
一至二年 2,711,160.92 5.22 4,101,751.21 4.03
二至三年 1,645,330.64 3.17 10,051.78 0.01
三年以上
合计 51,901,019.89 100.00 101,832,968.94 100.00
(2) 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。
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 75,274,027.09 6,394,843.31 68,879,183.78 68,879,279.36 6,636,894.92 62,242,384.44
在产品 79,346,903.27 9,768,679.07 69,578,224.20 78,224,362.49 9,768,679.04 68,455,683.45
产成品 86,074,586.44 7,963,760.30 78,110,826.14 85,856,590.19 8,055,251.33 77,801,338.86
合计 240,695,516.80 24,127,282.68 216,568,234.12 232,960,232.04 24,460,825.29 208,499,406.75
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
订报费 75,771.98 3,900.38 37,885.99 41,786.37
上海自动化仪表股份有限公司 2006 年中期报告
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保险费 30,190.64 66,983.08 60,855.57 36,318.15
房租
其他 172,381.11 22,487.95 149,893.16
合计 105,962.62 243,264.57 121,229.51 227,997.68
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 1,925,008.66 1,925,008.66
对子公司投资 14,858,597.88 287,774.13 14,570,823.75
对联营公司投资 78,834,274.62 4,144,887.81 544,622.40 82,434,540.03
其他股权投资 18,470,068.80 22,196.96 18,447,871.84
股权投资差额 108,116.00 108,116.00
合计 114,196,065.96 4,144,887.81 854,593.49 117,486,360.28
减：长期股权投资减值准备 7,626,926.25 7,626,926.25
长期股权投资净值合计 106,569,139.71 / / 109,859,434.03
(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(%)
期末帐面余额 期初帐面余额
交通银行 法人股 150,210 <5 198,252.00 198,252.00
上海氯碱化工股份有限公司 法人股 77,000 <5 310,000.00 310,000.00
上海广电信息产业股份有限公司 法人股 303,400 <5 966,756.66 966,756.66
吉林高速公路发展股份有限公司 法人股 150,000 <5 450,000.00 450,000.00
合计 / 680,610 / 1,925,008.66 1,925,008.66
(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
分得的
现金红利
累计增减额 期末余额
上海自仪房
产开发有限
公司
对子公司
投资
100 5,000,000.00 5,732,124.86 84,100.69 816,225.55 5,816,225.55
上海精工游
丝有限公司
对子公司
投资
75 4,768,927.00 6,086,185.96 -158,352.36 -379,460.31 779,446.29 5,548,373.29
上海金波弹
性元件有限
公司
对子公司
投资
75 750,000.00 1,383,896.77 126,118.80 0 760,015.57 1,510,015.57
上海麦克林
电子有限公
司
对子公司
投资
75 40,626,952.00 0 0 0
-
40,626,952.00
0
上海自动化仪表股份有限公司 2006 年中期报告
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上海申友电
器设备有限
公司
对子公司
投资
66.67 2,228,165.00 30,049.59 34,782.37 -2,163,333.04 64,831.96
上海自九量
具有限公司
对子公司
投资
66.67 420,000.00 1,626,340.70 89,036.68 -84,000.00 1,211,377.38 1,631,377.38
上海大华-千
野仪表有限
公司
对联营企
业投资
50 5,805,000.00 8,973,651.01 349,431.94 3,409,966.95 9,323,082.95
上海海隆流
体控制技术
有限公司
对联营企
业投资
44.5 691,205.00 1,057,490.28 -68,865.00 297,420.28 988,625.28
上海上自仪
仪表机械制
造有限公司
对联营企
业投资
44.44 400,000.00 0 -131,726.54 -531,726.54 -131,726.54
上海新风接
插件有限公
司
对联营企
业投资
43 0 544,622.40 -544,622.40 0 0
上海横河电
机有限公司
对联营企
业投资
40 12,973,203.00 27,852,740.23 3,308,808.99 18,188,346.22 31,161,549.22
上海上自仪
调节器有限
公司
对联营企
业投资
40 400,000.00 713,510.49 -200,854.38 112,656.11 512,656.11
上海胜谊仪
表变压器有
限公司
对联营企
业投资
40 320,000.00 374,523.96 7,400.47 61,924.43 381,924.43
上海自仪九
仪表有限公
司
对联营企
业投资
40.32 1,000,000.00 2,549,612.49 57,484.97 -100,000.00 1,507,097.46 2,507,097.46
上海上自仪
转速表仪表
电机有限公
司
对联营企
业投资
40 680,000.00 1,786,988.03 -108,389.26 998,598.77 1,678,598.77
上海康茂胜
气动控制元
件有限公司
对联营企
业投资
40 5,395,394.00 22,172,546.96 1,333,819.27 18,110,972.23 23,506,366.23
上海康茂胜
自动控制有
限公司
对联营企
业投资
40 6,952,680.00 6,952,680.00 -116,804.99 -116,804.99 6,835,875.01
上海麦克林
洗涤有限公
司
对联营企
业投资
20 1,579,603.00 0 -141,371.49 -1,720,974.49 -141,371.49
千野测控设
备（昆山）
有限公司
对联营企
业投资
20 2,648,640.00 3,022,376.28 245,274.56 619,010.84 3,267,650.84
上海上仪国
际贸易有限
公司
对联营企
业投资
49 2,450,000.00 2,941,648.49 -289,320.73 202,327.76 2,652,327.76
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(%) 期初余额 期末余额
埃斯凯变压器有限公司 12.22 6,860,961.99 6,860,961.99
上海西门子工业自动化有限公 10 2,398,080.00 2,398,080.00
其他 5.00-100.00 9,211,026.81 9,188,829.85
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1） 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
其他 7,626,926.25 7,626,926.25
(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 期末余额
上海大华-千野仪表有限公司 108,116.00 108,116.00
合计 108,116.00 108,116.00
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： 310,629,995.59 4,275,805.47 8,659,904.08 306,245,896.98
其中：房屋及建筑物 54,739,854.70 54,739,854.70
机器设备 129,179,459.79 2,545,229.01 408,941.13 131,315,747.67
电子设备
运输设备 17,933,675.54 1,139,781.00 552,132.32 18,521,324.22
土地 23,197,017.50 23,197,017.50
固定资产装修 469,810.00 85,137.00 554,947.00
经营租入固定资产改良 16,105,132.89 16,105,132.89
其他设备 69,005,045.17 505,658.46 7,698,830.63 61,811,873.00
二、累计折旧合计： 170,163,709.51 7,496,849.88 6,524,160.97 171,136,398.42
其中：房屋及建筑物 22,059,588.94 822,685.92 22,882,274.86
机器设备 84,162,670.04 2,991,528.91 180,785.56 86,973,413.39
电子设备
运输设备 9,225,404.54 598,801.22 481,080.07 9,343,125.69
土地 1,307,195.50 279,727.86 1,586,923.36
固定资产装修 82,442.84 34,176.91 116,619.75
经营租入固定资产改良 5,265,470.67 1,032,835.98 6,298,306.65
其他设备 48,060,936.98 1,737,093.08 5,862,295.34 43,935,734.72
三、固定资产净值合计 140,466,286.08 135,109,498.56
其中：房屋及建筑物 32,680,265.76 31,857,579.84
机器设备 45,016,789.75 44,342,334.28
电子设备
运输设备 8,708,271.00 9,178,198.53
土地 21,889,822.00 21,610,094.14
固定资产装修 387,367.16 438,327.25
经营租入固定资产改良 10,839,662.22 9,806,826.24
其他设备 20,944,108.19 17,876,138.28
四、减值准备合计 21,877,528.37 1,794,071.90 20,083,456.47
其中：房屋及建筑物 8,140,057.53 8,140,057.53
机器设备 6,416,392.65 6,416,392.65
电子设备
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运输设备 754,239.43 754,239.43
其他设备 6,566,838.76 1,794,071.90 4,772,766.86
五、固定资产净额合计 118,588,757.71 115,026,042.09
其中：房屋及建筑物 24,540,208.23 23,717,522.31
机器设备 38,600,397.10 37,925,941.63
电子设备
运输设备 7,954,031.57 8,423,959.10
土地 21,889,822.00 21,610,094.14
固定资产装修 387,367.16 438,327.25
经营租入固定资产改良 10,839,662.22 9,806,826.24
其他设备 14,377,269.43 13,103,371.42
12、工程物资
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
工程物资 33,126.97 3,655.34 29,471.63
合计 33,126.97 3,655.34 29,471.63
13、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 8,014,717.09 5,469,152.07 2,545,565.02 6,642,726.83 5,469,152.07 1,173,574.76
(1) 在建工程项目变动情况
单位:元 币种:人民币
项目名称 期初数 本期增加 期末数
dcp 大屏幕 523,639.00 523,639.00
其他 649,935.76 1,296,790.26 1,946,726.02
技改项目 59,403.10 75,200.00 134,603.10
双加标定 131,878.72 131,878.72
事故顺序纪录仪 2,378,485.90 2,378,485.90
引进绘图仪 2,899,384.35 2,899,384.35
合计 6,642,726.83 1,371,990.26 8,014,717.09
(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
技改项目 59,403.10 59,403.10
双加标定 131,878.72 131,878.72
事故顺序记录仪 2,378,485.90 2,378,485.90
引进绘图仪 2,899,384.35 2,899,384.35
合计 5,469,152.07 5,469,152.07
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14、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
固定资产清理 11,843.32 11,843.32
合计 11,843.32 11,843.32
15、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 5,130,668.19 3,458,643.00 1,672,025.19 5,405,923.59 3,458,643.00 1,947,280.59
(1) 无形资产变动情况
单位:元 币种:人民币
种类 取得方式 期初数 本期增加 本期摊销 累计摊销 期末数
专有技术 购入 4,527,574.32 118,252.74 16,910,173.94 4,409,321.58
电脑软件 购入 878,349.27 4,284.00 161,286.66 978,108.54 721,346.61
合计 / 5,405,923.59 4,284.00 279,539.40 17,888,282.48 5,130,668.19
(2) 无形资产减值准备
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
专利技术 3,458,643.00 3,458,643.00
合计 3,458,643.00 3,458,643.00
16、长期待摊费用
单位:元 币种:人民币
种类 原始金额 期初数 本期摊销 累计摊销 期末数
经营租入固定资产装修费 23,010,061.36 802,393.40 170,594.62 22,378,262.58 631,798.78
erp 系统 196,718.00 147,279.44 6,298.15 55,736.71 140,981.29
合计 23,206,779.36 949,672.84 176,892.77 22,433,999.29 772,780.07
17、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
担保借款 213,500,000.00 322,000,000.00
信用借款 1,552,005.53 1,511,303.22
合计 215,052,005.53 323,511,303.22
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18、应付福利费：
单位:元 币种:人民币
项目 期末数 期初数
应付福利费 49,560.15 71,398.95
合计 49,560.15 71,398.95
19、应付股利：
单位:元 币种:人民币
项目 期末数 期初数
上海仪电控股（集团）公司 4,482,460.25 4,482,460.25
合计 4,482,460.25 4,482,460.25
20、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 2,567,402.50 1,737,576.85
营业税 59,079.78 1,695,583.93
城建税 347,083.67 410,897.31
其他 1,087,070.49 1,276,888.03
合计 4,060,636.44 5,120,946.12 /
21、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
教育费附加 174,020.77 198,868.78
河道管理费 27,367.18 43,921.85
其他 96,920.12 26,182.94
合计 298,308.07 268,973.57 /
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
租金 4,120,000.00 493,452.86
利息 120,000.00 0
合计 4,240,000.00 493,452.86 /
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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
币种 本币金额 币种 本币金额
信用 人民币 24,273,638.02 人民币 23,907,525.96
合计 / 24,273,638.02 / 23,907,525.96
24、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
委托贷款 4,700,000.00 2,700,000.00
合计 4,700,000.00 2,700,000.00
(2) 长期借款情况：
单位:元 币种:人民币
期末数 期初数
种类
币种 本币金额 币种 本币金额
委托贷款 人民币 4,700,000.00 人民币 2,700,000.00
合计 / 4,700,000.00 / 2,700,000.00
25、专项应付款：
单位:元 币种:人民币
项目 期末数 期初数
专项拨款 16,893,425.91 16,293,505.91
合计 16,893,425.91 16,293,505.91
26、股本
单位:股
本次变动前 本次变动增减（＋，－） 本次变动后
数量
比例
（%）
发行
新股
送
股
公积金
转股
其
他
小
计
数量
比例
（%）
一、未上市流通股份
1、发起人股份 243,160,590.00 60.90 243,160,590.00 60.90
其中：
国家持有股份 207,842,149.00 52.05 207,842,149.00 52.05
境内法人持有股份 35,318,441.00 8.85 35,318,441.00 8.85
境外法人持有股份
其他
2、募集法人股份 15,306,500.00 3.83 15,306,500.00 3.83
3、内部职工股
4、优先股或其他
未上市流通股份合计 258,467,090.00 64.73 258,467,090.00 64.73
二、已上市流通股份
1、人民币普通股 33,674,300.00 8.43 33,674,300.00 8.43
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2、境内上市的外资股 107,145,500.00 26.84 107,145,500.00 26.84
3、境外上市的外资股
4、其他
已上市流通股份合计 140,819,800.00 35.27 140,819,800.00 35.27
三、股份总数 399,286,890.00 100.00 399,286,890.00 100.00
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 74,447,223.12 74,447,223.12
接受捐赠非现金资产准备 152,042.00 152,042.00
股权投资准备 613,856.67 613,856.67
外币资本折算差额 2,850,140.00 2,850,140.00
其他资本公积 144,302,878.33 144,302,878.33
合计 222,366,140.12 222,366,140.12
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 11,352,636.30 11,352,636.30
法定公益金 699,704.10 699,704.10
任意盈余公积 10,715,185.97 699,704.10 11,414,890.07
合计 22,767,526.37 699,704.10 699,704.10 22,767,526.37
29、未分配利润：
单位:元 币种:人民币
项目 期末数
净利润 -1,952,497.59
加：年初未分配利润 -511,308,082.25
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 -513,260,579.84
30、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
仪器仪表行业 435,460,763.87 359,183,899.54 348,995,588.14 274,626,427.58
合计 435,460,763.87 359,183,899.54 348,995,588.14 274,626,427.58
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(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
数字控制系统工程 86,409,891.78 72,670,268.90 61,634,573.79 48,157,560.77
其他控制系统工程 68,631,304.28 61,501,193.77 45,473,448.31 39,266,224.29
仪表及装置 280,419,567.81 225,012,436.87 241,887,566.04 187,202,642.52
合计 435,460,763.87 359,183,899.54 348,995,588.14 274,626,427.58
内部抵消 -- -- -- --
合计 435,460,763.87 359,183,899.54 348,995,588.14 274,626,427.58
(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
市内 79,554,736.79 68,815,005.44 73,307,089.16 58,729,060.08
市外 355,906,027.08 290,368,894.10 275,688,498.98 215,897,367.50
合计 435,460,763.87 359,183,899.54 348,995,588.14 274,626,427.58
内部抵消 -- -- -- --
合计 435,460,763.87 359,183,899.54 348,995,588.14 274,626,427.58
31、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
城建税 1,307,561.13 1,180,146.37
教育费附加 623,443.11 545,964.09
其他 36,697.43 15,752.68
合计 1,967,701.67 1,741,863.14 /
32、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
租赁收入 1,272,979.74 265,973.81 1,007,005.93 669,474.30 432,898.42 236,575.88
材料销售 1,517,677.85 1,515,979.83 1,698.02 1,648,068.59 8,260,619.79 -6,612,551.20
其他 56,192,243.97 53,982,122.51 2,210,121.46 59,933,040.13 58,954,436.20 978,603.93
劳务收入 54,051.00 54,051.00
合计 58,982,901.56 55,764,076.15 3,218,825.41 62,304,634.02 67,647,954.41 -5,343,320.39
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33、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 5,370,934.63 9,984,986.75
减：利息收入 422,703.78 199,060.58
汇兑损失 0 1,623.73
减：汇兑收益
其他 292,537.72 93,247.83
合计 5,240,768.57 9,877,550.27
34、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 265,056.88 -244,185.25
其中：股票投资收益 213,823.07 558.95
短期投资收益跌价准备 51,233.81 -244,717.20
长期投资收益 5,518,474.37 7,305,965.53
其中：按权益法确认收益 4,739,564.69 6,583,065.53
按成本法核算的被投资单位分派利润 830,000.00 722,900.00
股权投资转让收益 -51,090.32
合计 5,783,531.25 7,061,807.28
35、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 52,714.10 669,000.34
赔偿及罚款收入 8,100.00 10,163.37
搬迁补偿收入 1,688,074.00
其他 3,418.89 760,350.00
合计 64,232.99 3,127,587.71
36、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 177,807.82 301,089.81
捐赠 5,000.00
罚款支出 7,602.54 25,227.49
职工回乡，下乡补助 32,425.70
其他 4,146.48 320,918.37
合计 194,556.84 679,661.37
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(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 主营业务
与本公
司关系
经济性质
法人
代表
上海电气（集团）
总公司
上海市四川中路 110 号
电力工程项目总承包、设备总成套或分交，对外承
包劳务，实业投资，机电产品及相关行业的设备制
造销售，为国内和出口项目提供有关技术咨询及培
训，市国资委授权范围内的国有资产经营与管理，
国内贸易（除专项规定）
相对控
股公司
国有企业（非
公司法人）
王成明
上海申友电器设备
有限公司
上海市漕宝路 73 号
生产、销售低压电器柜、控制柜台、配套仪表及零
部件
控股子
公司
中外合资 沈国云
上海麦克林电子有
限公司
上海市延安西路 1599 号 生产、销售文字信息处理机及小型控制系统
控股子
公司
中外合资 乐嘉民
上海自九量具有限
公司
青浦区白鹤镇外青松公路
2550 号
生产、销售机械量具、电子量具及售后服务
控股子
公司
有限责任公司 茹汉胜
上海精工游丝有限
公司
上海市中山北路 1258 号 生产、销售游丝系列产品及售后服务
控股子
公司
中外合资 乐嘉民
上海自仪房地产开
发经营公司
上海市青云路 555 号 368 室 提供房地产经营、室内装潢、建筑材料及相关劳务
全资子
公司
股份公司 陈招宝
上海金波弹性元件
有限公司
上海市园光路 219 号
生产、销售仪表弹性元件、组件及相关整机及售后
服务
控股子
公司
有限责任公司 程明华
2、存在控制关系关联方的注册资本及其变化情况
单位: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
上海电气（集团）总公司 4,730,680,000 4,730,680,000
上海申友电器设备有限公司 300,000 美元 300,000 美元
上海麦克林电子有限公司 7,100,000 美元 7,100,000 美元
上海自九量具有限公司 630,000 630,000
上海精工游丝有限公司 80,000,000 日元 80,000,000 日元
上海自仪房地产开发经营公司 5,000,000 5,000,000
上海金波弹性元件有限公司 1,000,000 1,000,000
3、存在控制关系的关联方所持股份及其变化情况
单位:元 币种:人民币
期 初 数 期 末 数
企业名称
金 额 ％ 金 额 ％
上海仪电控股(集团)公司 人民币 11,519.64 万元 28.85 0 0
上海电气（集团）总公司 0 0 人民币 11,519.64 万元 28.85
上海申友电器设备有限公司 20 万美元 66.67 20 万美元 66.67
上海麦克林电子有限公司 532.5 万美元 75 532.5 万美元 75
上海自九量具有限公司 人民币 42 万元 66.67 人民币 42 万元 66.67
上海精工游丝有限公司 6,000 万日元 75 6,000 万日元 75
上海自仪房地产开发经营公司 人民币 500 万元 100 人民币 500 万元 100
上海金波弹性元件有限公司 人民币 75 万元 75 人民币 75 万元 75
上海自动化仪表股份有限公司 2006 年中期报告
shanghai automation instrumentation co.,ltd. interim report 2006
59
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
美国麦克林集团公司 其他
上海麦克林洗涤有限公司 联营公司
上海海隆流体控制技术有限公司 联营公司
上海源泉仪表有限公司 联营公司
上海昭和通讯电子有限公司 联营公司
上海胜谊仪表变压器有限公司 联营公司
上海自仪九仪表有限公司 联营公司
上海上自仪仪表机械制造有限公司 联营公司
上海上自仪转速表仪表电机有限公司 联营公司
上海新风接插件有限公司 联营公司
上海上自仪调节器有限公司 联营公司
上海横河电机有限公司 联营公司
上海上仪国际贸易有限公司 联营公司
上海大华－千野仪表有限公司 联营公司
上海西门子工业自动化有限公司 联营公司
上海康茂胜气动控制元件有限公司 联营公司
上海埃斯凯变压器有限公司 联营公司
上海富安工厂自动化有限公司 其他
上海量具刃具厂 其他
上海二纺机股份有限公司 其他
上海纺织机械总厂 其他
上海远东钢丝针布有限责任公司 其他
上海微型轴承厂 其他
上海联合电机（集团）有限公司 其他
上海电缆厂有限公司 其他
上海鼓风机厂有限公司 其他
上海电机(集团)公司实验电炉厂 其他
上海真空泵厂 其他
上海曙光机械制造厂 其他
上海起重运输机械厂有限公司 其他
上海电气（集团）进出口公司 其他
上海电气（集团）阀门成套公司 其他
上海市机械制造工艺研究所 其他
上海格拉曼消防器材有限公司 其他
上海沃马-大隆超高压设备有限公司 其他
上海申克试验机有限公司 其他
上海正升锻造有限公司 其他
上海新压冶金设备有限公司 其他
上海重型机床厂 其他
上海超群无损检测设备有限公司 其他
上海机床铸造五厂 其他
上海第一机床厂 其他
上海太平洋纺织机械成套设备有限公司 其他
上海自动化仪表股份有限公司 2006 年中期报告
shanghai automation instrumentation co.,ltd. interim report 2006
60
上海高强度螺栓厂 其他
上海轴承技术研究所 其他
上海轴承技术研究所 其他
上海都市绿色工程有限公司 其他
上海润滑设备厂 其他
上海四方锅炉厂 其他
上海大隆机器有限公司 其他
上海三德七纺织机械有限公司 其他
5、关联交易情况
(1)向关联方采购货物
1）交易规模：
单位:元 币种:人民币
企 业 名 称 本期数 上年同期数
上海源泉仪表有限公司 135,456.24
上海上自仪调节器有限公司 16,547.00 1,396,502.09
上海胜谊仪表变压器有限公司 1,067,549.03 498,149.57
上海上自仪转速表仪表电机有限公司 346,715.20 284,316.24
上海横河电机有限公司 145,801.71
上海大华－千野仪表有限公司 34,700.85 337,391.45
上海自仪九仪表有限公司 70,942.74
上海上仪国际贸易有限公司 8,552,682.93 3,556,684.10
2）采购价格的确定依据：本公司参照市场价格确定交易价格。
（2）向关联方销售货物：
1）交易规模：
单位:元 币种:人民币
企 业 名 称 本期数 上年同期数
上海海隆流体控制技术有限公司 3,282.05
上海源泉仪表有限公司 105,692.31
上海上自仪转速表仪表电机有限公司 45,014.12 64,900.00
上海大华－千野仪表有限公司 18,238.46
上海上自仪调节器有限公司 44,167.41 52,384.79
上海上仪国际贸易有限公司 898,885.25 1,351,824.12
上海康茂胜气动控制元件有限公司 76,606.84
上海西门子工业自动化有限公司 302,880.00
上海电气股份有限公司 16,580,000.00
上海新压冶金设备有限公司 934.20
上海重型机床厂 2,649.58
上海纺织机械总厂 13,076.92
上海鼓风机厂有限公司 3,361.02
上海自动化仪表股份有限公司 2006 年中期报告
shanghai automation instrumentation co.,ltd. interim report 2006
61
上海超群无损检测设备有限公司 260,385.47
上海机床铸造五厂 384.62
上海第一机床厂 1,017.95
上海沃马-大隆超高压设备有限公司 28,904.27
上海太平洋纺织机械成套设备有限公司 43,888.49
上海高强度螺栓厂 1,162.40
上海市轴承技术研究所 555.56
上海都市绿色工程有限公司 5,982.90
上海润滑设备厂 12,981.21
上海四方锅炉厂 59,846.14
上海大隆机器有限公司 31,600.88
上海安德生·格林伍德·克罗斯比阀门有限公司 32,726.49
上海市机械制造工艺研究所 205.13
上海格拉曼消防器材有限公司 13,803.43
上海三德七纺织机械有限公司 1,230.76
2）关联方交易价格的确定依据及交易差价的处理
本公司参照市场价格确定交易价格，并与上述关联方签订购销合同（协议）。
（3）与关联方有关的其他收入、支出
1）本期向关联方收取标定费：
单位:元 币种:人民币
企 业 名 称 金 额
上海横河电机有限公司 1,873,515.00
上海自仪九仪表有限公司 201,94.00
2）本期向关联方收取固定资产租赁费：
单位:元 币种:人民币
企 业 名 称 金 额
上海上自仪转速表仪表电机有限公司 329,157.12
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
应收账款 美国麦克林集团公司 130,555,264.69 130,555,264.69
应收账款 上海横河电机有限公司 150,000.00 151,284.00
应收账款 上海自仪九仪表有限公司 864,000.73 912,355.18
应收账款 上海麦克林洗涤有限公司 10,909.83
应收账款 上海大华－千野仪表有限公司 167.00 426.00
应收账款 上海上仪国际贸易有限公司 528,899.75 986,231.34
应收账款 上海上自仪转速表仪表电机有限公司 2,270.00 41,224.50
上海自动化仪表股份有限公司 2006 年中期报告
shanghai automation instrumentation co.,ltd. interim report 2006
62
应收账款 上海海隆流体控制技术有限公司 38,508.00
应收账款 上海康茂胜气动控制元件有限公司 2,700.00
应收账款 上海胜谊仪表变压器有限公司 29,790.00
应收账款 上海西门子工业自动化有限公司 381,102.00
应收账款 上海电气（集团）总公司 929,434.00
应收账款 上海电气股份有限公司 13,160,000.00
应收账款 上海富安工厂自动化有限公司 5,415.00 5,415.00
应收账款 上海二纺机股份有限公司 6,058.40
应收账款 上海远东钢丝针布有限责任公司 300.00
应收账款 上海微型轴承厂 97,356.34 97,356.34
应收账款 上海联合电机（集团）有限公司 10,000.00 10,000.00
应收账款 上海鼓风机厂有限公司 2,621.60 178,092.33
应收账款 上海电机(集团)公司实验电炉厂 29,999.97 29,999.97
应收账款 上海真空泵厂 15,400.00 15,400.00
应收账款 上海曙光机械制造厂 164,558.27 164,558.27
应收账款 上海起重运输机械厂有限公司 17,950.00 17,950.00
应收账款 上海电气（集团）进出口公司 898,126.50 228,982.50
应收账款 上海电气（集团）阀门成套公司 96,340.00 96,340.00
应收账款 上海格拉曼消防器材有限公司 6,460.00
应收账款 上海沃马-大隆超高压设备有限公司 2,811.80 12,009.80
应收账款 上海申克试验机有限公司 28,617.40
应收账款 上海正升锻造有限公司 16,700.00 16,700.00
应收账款 上海超群无损检测设备有限公司 134,351.00
应收账款 上海太平洋纺织机械成套设备有限公司 28,375.75
应收账款 上海四方锅炉厂 39,013.75
应收账款 上海市机械制造工艺研究所 100.00
应收账款 上海大隆机器有限公司 2,013.00
应收账款 上海继电器有限公司 90,081.99
预收账款 上海上仪国际贸易有限公司 1,062,466.80
其他应收款 上海上自仪转速表仪表电机有限公司 4,353,205.74 3,788,205.74
其他应收款 上海上仪国际贸易有限公司 4,830,816.21 4,830,816.21
其他应收款 上海麦克林洗涤有限公司 3,488,638.06 3,742,331.74
其他应收款 上海胜谊仪表变压器有限公司 78,767.50 115,065.75
其他应收款 上海上自仪调节器有限公司 734,003.10 327,428.73
其他应收款 上海海隆流体控制技术有限公司 6,653.80 12,229.20
其他应收款 上海横河电机有限公司 820,943.33
其他应收款 上海西门子工业自动化有限公司 275,855.86 275,855.86
其他应收款 上海康茂胜气动控制元件有限公司 75,822.59
应付账款 上海海隆流体控制技术有限公司 1,299,246.66 1,403,706.66
上海自动化仪表股份有限公司 2006 年中期报告
shanghai automation instrumentation co.,ltd. interim report 2006
63
应付账款 上海胜谊仪表变压器有限公司 60,922.00 67,022.00
应付账款 上海自仪九仪表有限公司 300,816.00
应付账款 上海上自仪调节器有限公司 559,283.39 152,320.00
应付账款 上海上仪国际贸易有限公司 399,373.43
应付账款 上海横河电机有限公司 51,462.50 141,182.00
应付账款 上海上自仪转速表仪表电机有限公司 126,749.00 180,402.00
应付账款 上海大华－千野仪表有限公司 21,000.00 31,000.00
应付账款 上海麦克林洗涤有限公司 26,700.00
预收账款 上海上自仪调节器有限公司 212,498.73 216,968.73
预收账款 上海量具刃具厂 240.00
预收账款 上海纺织机械总厂 257.40
预收账款 上海电缆厂有限公司 2,500.00 2,500.00
预收账款 上海市机械制造工艺研究所 500.00
其他应付款 上海胜谊仪表变压器有限公司 482,960.50
其他应付款 上海自仪九仪表有限公司 48,831.85 210,435.73
其他应付款 上海新风接插件有限公司 8,632.49 9,152.50
其他应付款 上海电气（集团）总公司 49,000,000.00 184,437,500.00
(八)或有事项：
重大诉讼事项—美国麦克林集团公司
于以前年度，本公司作为原告，向美国麦克林集团公司、蔡贤修、桂豪杰以及三家美国麦克林
集团公司的关联企业提起诉讼，要求其偿付包括利息及罚金的款项总金额为 3,100 万美元。
美国加利福尼亚州北区美国联邦地区法院于美国时间 2001 年 11 月 19 日对该案作出正式判决，
判处桂豪杰与四个公司被告负有连带责任，合计应赔偿本公司 2,226.2 万美元，并须支付本公司所有
的诉讼费用。
美国加利福尼亚州北区美国联邦地区法院于美国时间 2002 年 12 月 2 日对蔡贤修提出的个人破
产案作出正式判决，判处蔡贤修所负担的 1,938 万美元的债务不可免除。
上述重大诉讼事项已于 2002 年 12 月 16 日公告。
由于上述执行程序的结果无法可靠地预计，本公司并未计提预计收益。
截至本报告日止，本公司与美国德汇律师事务所依据上述判决的执行程序仍在进行中。
(九)承诺事项：
截止 2006 年 6 月 30 日，本公司无需要披露的承诺事项。
(十)资产负债表日后事项：
截止 2006 年 6 月 30 日，本公司无重大资产负债表日后事项。
上海自动化仪表股份有限公司 2006 年中期报告
shanghai automation instrumentation co.,ltd. interim report 2006
64
(十一)其他重要事项：
为妥善解决本公司积欠工商银行贷款本息债务，本公司第一大股东—上海电气（集团）总公司将
市区共和新路一处自主房屋及相应的土地使用权抵偿给工商银行，同时，将本公司积欠工商银行贷款
本息 275,500,000 元的债务关系调整到上海电气（集团）总公司。该事项已经 2006 年 2 月 15 日召开
的公司第十六次股东大会（2006 年第一次临时会议）审议通过。
八、备查文件目录
（一）载有法定代表人、主管会计负责人、会计机构负责人签名并盖章的财务报告；
（二）报告期内在中国证监会指定报刊上公开披露过的所有公司文件的正本及公告的原稿；
（三）上海自动化仪表股份有限公司章程；
（四）上述备查文件在中国证监会、证券交易所要求提供时和股东依据法规或公司章程要求查阅
时，公司及时提供。
董事长：徐伟
上海自动化仪表股份有限公司
2006 年 8 月 25 日
shanghai automation instrumentation co., ltd.
(600848, 900928)
interim report 2006
company name：shanghai automation
instrumentation co., ltd.
report date : august, 25th, 2006
(a limited company incorporated in p.r.china)
shanghai automation instrumentation co., ltd. interim report 2006
1
contents
i. important notice .......................................................................................................1
ii. company profile ......................................................................................................1
iii. equity movement and shareholder’s profile.........................................................3
iv. directors, supervisors and senior executives ....................................................5
v. discussion and analysis of the management......................................................7
vi.substantial events.................................................................................................11
vii.fiancial report (unaudited).................................................................................17
viii. reference ............................................................................................................65
shanghai automation instrumentation co., ltd. interim report 2006
1
i. important notice
1. the directors of the company undertake that this report neither has omitted any
significant information nor contains any misrepresentation or information which is highly
misleading, and collectively and individually accept full responsibility for the truthfulness,
accuracy and integrity of the information contained herein.
2. director, mr. zhu huiliang, was not present at this session due to business reason and
authorized director, mr. xu wei, to attend the meeting and to give vote on behalf of him.
independent director, mr. pei jingzhi was not present at this session due to business
reason and authorized independent director, mr. huang xianglu to attend the meeting and to
give vote on behalf of him.
3. the interim financial report of the company has not been audited.
4. chairman of the board of the company mr. xu wei, chief financial officer mr. fan youlin
and person in charge of accounting organ and manager of resource and finance
department mr. wu jianxiao, hereby declare: the truthfulness and integrality of the financial
report carried in this report are guaranteed.
5. this interim report is published in duplicates, one in chinese and the other in english.
should any descrepency arise in understanding between the two versions, the chinese one
should prevail.
ii. company profile
i. brief information on the company:
1. statuary chinese name of the company: 上海自动化仪表股份有限公司
chinese abbreviation: 自仪股份
english name of the company: shanghai automation instrumentation co., ltd.
english abbreviation: saic
2. a-share stock listing place: shanghai security exchange
a-share stock abbreviation: st-autom instrume
stock code: 600848
b-share stock listing place: shanghai security exchange
b-share stock abbreviation: st-autom instrume-b
stock code: 900928
3. registered address：41, hongcao road, shanghai, prc
office address：41, hongcao road, shanghai, prc
post code: 200233
website：http://www.saic.sh.cn
e-mail: bod@saic.sh.cn
4. legal representative：xu wei
5. secretary of the board: miao danhua
tel: 86-21-54260980
fax: 86-21-54262329
shanghai automation instrumentation co., ltd. interim report 2006
2
e-mail: mdh@saic.sh.cn
securities affairs representative: jailed
contact address: 41, hongcao road, shanghai, prc
tel: 86-21-54260980
fax: 86-21-54262329
e-mail: jianglei@saic.sh.cn
contact address: 41, hongcao road, shanghai, prc
6. designated media for info disclosure: shanghai securities news and hong kong wen wei po
website designated by china security regulatory commission for disclosure of interim report:
http://www.sse.com.cn
preparation and filing place of the interim report: 41, hongcao road, shanghai, prc
7. miscellaneous:
original registration date: dec. 20th 1993
original registration place: shanghai industrial and commercial admin bureau
last registration date: sept. 8th, 2004
last registration place: shanghai industrial and commercial admin bureau
registration number of legal entity business license: qi gu hu zong fu zi no. 019035（municipal
bureau）
taxpayer code: guo shui hu zi no. 310104132204689
domestic accounting firm employed by the company: shu lun pan changjiang certified public
accountants co., ltd.
office address: 5f new huangpu financial building, 61 nanjing rd.e., shanghai
overseas accounting firm appointed by the company: horwath international certified public
accountants co.ltd.
office address; rm. 2001, central plaza, 18, harbor rd., wan chai, hong kong
ii. major financial data and indexes:
1. major accounting data and financial indexes
unit: rmb yuan
at the end of
report period
at the end of
previous report
period
increase/decrease at the end of
this report period compared with
the year-begin (%)
current assets 744,691,828.73 718,199,457.20 3.69
current liabilities 813,271,511.51 786,447,330.90 3.41
total assets 966,017,294.85 938,820,305.53 2.90
shareholder’s equity (excluding
minority interests) 127,928,021.01 130,037,801.26 -1.62
bvps 0.32 0.33 -3.03
bvps (adjusted) 0.29 0.30 -3.33
in this report
period (from jan.
to jun.,2006)
the same period
of previous year
increase/decrease at the end of
this report period compared with
the same period of previous year
(%)
net profit -2,037,502.08 2,531,032.49 -180.50
net profit after deducting nonrecurring
gains/losses -2,141,233.23 360,950.93 -693.22
eps -0.005 0.006 -183.33
roe% -1.59 2.01 -3.6 % points
net cash flow from operating
activities -36,982,007.10 -27,009,682.09 -36.92
shanghai automation instrumentation co., ltd. interim report 2006
3
2. items and total amount of non-recurring gains/losses and related items to be deducted:
unit: rmb yuan
non-recurring gains/losses items amount
profit and loss from disposal of long-term equity investment , fixed assets, constructions in
progress, intangible assets and other long term assets -156,095.60
profit/loss pertinent to short-term investment, not including those obtained from the qualified
financial institutes under the approval of the government 213,823.07
reversal of any provision for asset impairment which has been made in previous years 51,233.81
other non-recurring items identified by csrc -5,230.13
total 103,731.15
3. differences results from cas and ias:
in this report period, the net profits specified in financial reports based on cas and ias have no
difference.
iii.equity movement and shareholder’s profile
i. table of equity movement:
unit: share
at the beginning of
period increase/decrease（＋，－） at the end of period
quantity proportion
(%)
new
issue bonus
transferred
from
surplus
reserve
others subtotal quantity proportion
(%)
i. non-circulating shares
1.founder’s shares 243,160,590 60.90 243,160,590 60.90
including：
state-owned shares 207,842,149 52.05 207,842,149 52.05
shares owned by
domestic legal person 35,318,441 8.85 35,318,441 8.85
share owned by
foreign legal person
others
2.raised legal person
shares 15,306,500 3.83 15,306,500 3.83
3.internal employees’
shares
4. privilege shares and
other non-circulating
shares
total of non-circulating
shares 258,467,090 64.73 258,467,090 64.73
ii. circulating shares
1. a shares 33,674,300 8.43 33,674,300 8.43
2. b shares 107,145,500 26.84 107,145,500 26.84
3. shares issuers in
overseas market
4.others
total of circulating
shares 140,819,800 35.27 140,819,800 35.27
iii. total shares 399,286,890 100.00 399,286,890 100.00
ii. shareholder’s profile
1. number of shareholders and their shareholding profile
shanghai automation instrumentation co., ltd. interim report 2006
4
unit: share
number of shareholders at
period end 29,258 shareholders,including 14,866 a share holders, 14,392 b share holders
shareholding profile of top 10 shareholders
shareholder’s
name
shareholder’s
nature
proportion
(%)
numbers of
shares held at
the end of
period
movement during
the year
category
of shares
non-circulating
shares held at
the end of
period
shares
pledged or
frozen
shanghai
electric group
co., ltd.
state-owned
shareholder 28.85 115,196,424 115,196,424 noncirculating
115,196,424 0
china huarong
asset
management
corp.
state-owned
shareholder 9.67 38,615,455 0 noncirculating
38,615,455 0
shanghai
international
trust &
investment
corporation
state-owned
shareholder 8.85 35,318,441 0 noncirculating
35,318,441 0
china east
asset
management
corp.
state-owned
shareholder 8.43 33,647,800 0 noncirculating
33,647,800 0
china great wall
asset
management
corp.
state-owned
shareholder 4.59 18,308,335 0 noncirculating
18,308,335 0
shenyin &
wanguo
securities co.
ltd.
legal person
shareholder 2.69 10,730,650 0 noncirculating
10,730,650 0
shanghai
jiaotong
university
enterprise
management
center
legal person
shareholder 0.83 3,307,248 0 noncirculating
3,307,248 0
shen jiashan foreign
shareholder 0.53 2,107,976 337,400 circulating 0 未知
china xinda
asset
management
corp.
state-owned
shareholder 0.52 2,074,135 0 noncirculating
2,074,135 0
shk nom. ltdclts
of shk
inv. ser.
foreign
shareholder 0.40 1,606,233 350,000 circulating 0 未知
shareholding profile of top 10 circulating share holders
name of shareholders(full name) circulating shares held at period end type of shares
shen jiashan 2,107,976 b share
shk nom. ltd-clts of shk inv. ser. 1,606,233 b share
chen jie 1,200,000 b share
hsbc private bank（suisse） sa geneva 1,199,992 b share
li tianhong 1,034,000 b share
wang wei 911,837 b share
chin ikushin 800,000 b share
sun yajun 734,950 b share
li guowan 710,395 b share
lombard odier darier hentsch & cie 700,000 b share
shanghai automation instrumentation co., ltd. interim report 2006
5
explanation on related relationship or consistent
action among the above shareholders
the top ten shareholders of circulation share of the company do not have related
relationship among them, nor do they belong to the consistent actionist regulated
by management regulation of information disclosure on changing of
shareholding for listed companies.
this company is not aware of whether the top ten shareholders of circulation
share and the top 10 shareholders of the company have related relationship
among them or belong to the consistent actionist regulated by management
regulation of information disclosure on changing of shareholding for listed
companies.
in this report period, there’s no strategic investor or general legal person which became one of the
top 10 shareholders of the company through participation in the allotment of new shares.
2. particulars about the change of the ultimate shareholder and actual controller of the company
new ultimate shareholder of the company: shanghai electric group co., ltd.
actual controller of the company: shanghai state-owned assets regulatory committee
date of the change of ultimate shareholder of the company: apr.18th, 2006
appointed media for relevant information disclosure: shanghai securities news and hong kong
wen wei po
date of relevant information disclosure: apr.19th, 2006
particulars about the change of the ultimate shareholder and actual controller of the company:
on apr.18th, 2006, the company received the transfer registration confirmation from china
securities depository and clearing corporation limited shanghai branch, indicating that the former
largest shareholder of the company, shanghai instrumentation & electronics holding (group)
company, transferred 115,196,424 shares of the company to shanghai electric group co., ltd.
the nature of such shares remains the state-owned shares. upon the completion of the procedures
of this state-owned shares transfer, shanghai electric group co., ltd. has become the ultimate
shareholder of the company and shanghai state-owned assets regulatory committee has
remained the actual controller of the company.
iv. directors, supervisors and senior executives
1. particulars about changes in shares held by directors, supervisors and senior executives:
name title
shares held at the
beginning of year
shares held at the end of
report period
increase
/decrease
fluctuation
rationale
xu wei chairman of the
board 0 0 0 n/a
hu honggang vice chairman of
the board 0 0 0 n/a
fan youlin director and
general manager 354（a） 354（a） 0 n/a
pei jingzhi independent
director 0 0 0 n/a
huang xianglu independent
director 0 0 0 n/a
zhuang
songlin
independent
director 0 0 0 n/a
sun hanhong independent
director 0 0 0 n/a
cheng
yanming director 0 0 0 n/a
zhang jianxin director 0 0 0 n/a
wang ying director 0 0 0 n/a
he xiaoyong director 0 0 0 n/a
zhu huiliang director 0 0 0 n/a
shanghai automation instrumentation co., ltd. interim report 2006
6
zhang fubiao supervisor
general 0 0 0 n/a
lin xiongmin
deputy
supervisor
general
0 0 0 n/a
zhu qian supervisor 0 0 0 n/a
zhou ming supervisor 0 0 0 n/a
hong ting supervisor 3400（a） 3400（a） 0 n/a
liu weimin supervisor 0 0 0 n/a
zhen
bingzhang supervisor 500（a） 500（a） 0 n/a
le jiamin deputy general
manager 0 0 0 n/a
huang jie deputy general
manager 306（a）、36100（b） 306（a）、36100（b） 0 n/a
wu jianxiao deputy general
manager 0 0 0 n/a
xu daqing chief engineer 1210（a） 1210（a） 0 n/a
miao dangui secretary of the
board of directors 0 0 0 n/a
ii.particulars about appointment or dismissal of directors, supervisors and senior
executives
1. the 17th shareholders’ general meeting of the company (2005 annual meeting) was convened
at the 3rd hall of 6th floor of shanghai film art center (160, xinhua rd., shanghai ) on may, 25th,
2006, on which the following changes of directors and supervisors of the company were approved:
(1) the chairman of the board, mr. xiao zongyi, no longer assumed the posts of director and
chairman of the 5th board of directors. and director, mr.zhang pin, director, mr. zhuang zheng
and director, ms. lu ying and independent director, mr. fang peiqi ceased to be the directors and
independent directors of the 5th board of directors of the company.
(2) mr. xu wei, mr. chen yanming, mr. wang ying and mr. zhang jianxian were elected as the
directors of the 5th board of directors of the company. and mr. sun hanhong was elected as the
independent director of the 5th board of directors of the company.
(3) the supervisor, general, mr. zhou ruichang, no longer held the posts of the supervisor and
supervisor general of the 5th board of supervisors of the company, and supervisor, ms.shou
xiangyang ceased to be the supervisor of the 5th board of supervisors of the company.
(4) mr. zhang fubiao and ms.zhu qian were elected as the supervisors of the 5th board of
supervisors of the company.
2. on may 25th, 2006, the 8th meeting of the 5th board of directors of the company was convened,
on which mr. xu wei was elected as the chairman of the 5th board of directors of the company.
3. on may 25th, 2006, the 7th meeting of the 5th board of directors of the company was convened,
on which mr. zhang fubiao was elected as the chairman of the 5th board of supervisors of the
company.
(the above appointment and dismissal of directors and supervisors of the company were disclosed
in the bulletins on shanghai securities news and hong kong wen wei po dated may 26th, 2006.)
shanghai automation instrumentation co., ltd. interim report 2006
7
v. discussion and analysis of the management
i. discussion and analysis of the management
during the report period, the management is steadily pressing forward with its operational
objectives established at the year-beginning to maintain the sustained operational growth under the
leadership of the board of directors.
in the first half of 2006, the company has driven the reform in accordance with the corporate
strategy which is making all efforts to build the platform, strengthen the market expansion of system
and instruments and implement the system integration with control system as the flagship product
and smart instruments as the basic units. while continuously eliminating the negative impacts on
the company resulting from the external environment, we have successively updated our operating
quality with a series of measures, including operating mode transformation, foundation
consolidation, promotion of industrial and management levels, establishment of financial and
operating risk control mechanism, as well as re-engineering of organization and flows.
during the report period, the company has realized the main business revenue of
rmb461, 946,600 yuan, up 22.65% over the same period of the previous year.
in order to further explore the market, the company raised the earlier stage expenditures in the first
half of 2006, causing the increase of administrative expenses, and meanwhile it met with the
decrease of profit and surging of the production costs arising from the mark-ups in raw materials
and energy. in view of this, the company has proceeded from the update of operational quality by
the following measures:
1. in the power equipment field, the company has been continuously upgrading the dcs and
other control systems and promoting the core competitiveness with control system based on
independent intellectual property right, so as to establish our own core business.
2. it also participated in the construction of instruments and control system applicable to the
nuclear power project, and developed the fully digitalized system, so as to expand the company’s
traditional domain.
3. it has strengthened the operating management control system focusing on the annual
operational plan and established an internal result-oriented operating target-responsibility system
through the implementation of comprehensive budget management.
4. in order to improve the control of operating and management risk and realize the steady
operation, the management convened economic operating analysis meetings on monthly basis to
promptly rectify any problem incurred in the operational and management processes and
implement countermeasures.
5. in order to further improve the management measures towards account receivable, the
company has strengthened the dynamic reconciliation system with the improved data interfaces of
both marketing information system and accounting information system, and amplified the risk
assessment system and operating risk warning mechanism with the sound internal control, work
flows, transaction authorization as well as responsibility division.
ii.main business and operation status of the company in the report period:
1. main businesses in industries and products
unit: rmb10,000 yuan
shanghai automation instrumentation co., ltd. interim report 2006
8
industries and
products
main business
income
main business
cost
main
business
profit ratio
(%)
increase/
decrease in
main
business
income over
the same
period of
previous
year (%)
increase/decrease
in main business
cost over the
same period of
previous year (%)
increase/decrease in
main profit ratio over
the same period of
previous year (%)
in industry
device and
instruments industry 46,194.66 37,772.77 18.23 22.65 28.76 less 3.88 %-points
in product
device and
instruments 30,690.54 24,355.62 20.64 13.87 18.26 less 2.95 %-points
digital control
system engineering 8,640.99 7,267.03 15.90 40.20 50.90 less 5.97 %-points
other control
system engineering 6,863.13 6,150.12 10.39 50.93 56.63 less 3.26 %-points
including: related transactions regarding the provision of products and service by the company for
its ultimate shareholder and subsidiaries totally amount to rmb17.09 million yuan during the report
period.
2. main business in region
unit: rmb10,000 yuan
region main business income
increase/ decrease in main business
income over the same period of previous
year (%)
shanghai 9,018.94 5.52
other regions 37,175.72 27.68
3. in this report period, there are no other operational activities affecting substantially on the profit
of the company.
4. operational status and accomplishment of single share–participating subsidiaries which
contributed more than 10% of net profit of the company
unit: rmb10,000 yuan
name principal activities net profit
investment
earnings
contributed by
shareparticipating
subsidiary
proportion
of net profit
of the
company
(%)
dahua-chino instrument
shanghai
production and sales of measuring and controlling
instruments and instrument systems 88.16 34.94 17.15
shanghai yokogawa
electromagnetic equipment co.,
ltd.
production and sales of flow meters and associated
instruments and provision of after sale services 827.20 330.88 162.40
shanghai kangmaosheng air
controlled parts co., ltd.
production and sales of air controlled parts and
components 333.45 133.38 65.46
shanghai automation instrumentation co., ltd. interim report 2006
9
shanghai sk transformer co.,
ltd.
production and sales of r-core transformer, other
electronic transformers, electromagnetic device,
relevant accessories and dedicated equipment
254.03 83.00 40.74
chino test control equipment
(kunshan) co., ltd.
production and sales of measuring systems（i.e.
cp testing devices）; encapsulation and sales of
sensor, relevant structure parts and pcb boards
used in precision measuring and control devices
and intelligent instruments; maintenance service for
measuring system, precision control instruments
and intelligent instrument sensor; r& d of hardware
and software for devices and instrumental products
131.98 24.53 12.04
5. during the report period, there exists no material change in main business and structure of the
company.
6. during the report period, there exists no material change in profitability capability of main
business (gross profit ratio) than that in the previous year.
7. analysis to reasons of material changes in profit structure compared with the previous year:
unit:10,000 yuan (non-audited)
this report period the previous report period
item
amount
proportion of total
profit of the
company (%)
amount
proportion of total
profit of the
company (%)
+/-（%）
main business profit 8,215.37 4,399.36 15,965.31 2,091.67 110.33
other business profit 411.07 220.13 -426.63 -55.89 493.86
period expenses 9,359.33 5,011.96 20,181.76 2,644.09 89.55
investment income 562.28 301.10 1,062.19 139.16 116.37
subsidy income -- -- 34.50 4.52 --
net amount of nonoperating
gains/losses
-16.13 -8.63 4,309.67 564.63 -101.53
total profit -186.74 -- 763.28 -- --
(1) in this report period, the proportion of other business profit to total profit increases compared
with that in the previous report period because slow moving inventories were disposed in the
previous year.
(2) in this report period, the proportion of period expenses to total profit increases compared with
that in the previous report period. it is mainly because the company raised the preliminary
expenditures to further explore the market.
(3) in this report period, the proportion of net amount of non-operating gains/losses to total profit
lowers than that in the previous report period. it is mainly due to the relocation compensation
income of the previous year.
(4) since the above changes reduce the total profit of this report period, the shares of main
business and investment income in the total profit increase compared to the previous report period.
iii. investment of the company during the report period:
shanghai automation instrumentation co., ltd. interim report 2006
10
1. the company did not raise any fund in the report period and no utilization of raised funds took
place in previous period but continued till the current period.
2. particulars about projects financed by non-raised funds
the company started the key production expansion and renovation project for the equipment in
urgent need with loans. in this report period, it has carried out 2 sub-projects, including production
expansion & renovation for minimized transmitter and production expansion & renovation for
smart electric actuator.
iv. analysis of financial status and operational accomplishments of the company:
unit: rmb10,000 yuan
item jan. to jun.2006 jan. to jun.2005 +/-（%）
main business income 46,194.66 37,663.87 22.65
main business profit 8,215.37 8,147.16 0.84
other business profit 411.07 -477.04 186.17
net profit -203.75 253.10 -180.50
net increase of cash and cash
equivalents -1,380.20 -3,456.30 60.07
item jun.30th, 2006 dec.31st, 2005 +/-（%）
total assets 96,601.73 93,882.03 2.90
shareholder's equity 12,792.80 13,003.78 -1.62
analysis to reasons of fluctuation:
1. other business profit increased by 186.17% compared to the same period of the previous year. it
is mainly due to the disposal of slow moving inventories in the same period of previous year.
2. net profit decreased by 180.50% compared to the same period of the previous year. in order to
further explore the market, the company has reinforced the input in the preliminary expenditures,
leading to the growth of period expenses. in addition, the mark-ups of raw materials and energy
also increased the production cost.
3. net increase of cash and cash equivalents increased by 60.07% compared to the same period of
the previous year. it is mainly caused by the increase of net cash flow from the financing activities.
v. during the report period, the company has made no amendment to the annual operation
plan disclosed in the previous annual report.
vi. explanation of the management on "qualified opinion" from the certified public
accountants in the previous report period:
shanghai shu lun pan changjiang cpas co., ltd. and hong kong horwath cpas co.,
ltd. issued the 2005 auditing report ref. xinchangkuaishibaozi (2006) no.10519 containing an
unqualified opinion with an emphasis on matter paragraph. with regards the issue mentioned
in the emphasis on matter paragraph of the said audit report issued by shanghai shu lun pan
changjiang cpas co., ltd. and hong kong horwath cpas co., ltd., the management of
the company believe that these problems in question is out of history reason after long period of
time. as a matter of fact, due to efforts jointly made by the company and its ultimate shareholder,
these problems have been alleviated and the asset quality of the company has been improved in
some way.
in order to clear up all outstanding debts due to icbc, shanghai electric group co., ltd., the
ultimate shareholder of the company, has compensated icbc with its own assets, thus greatly
alleviating the liabilities of the company. in addition, the company has made substantial progress
in the industrial development and continuing operation on the strength of its ultimate shareholder’s
influence.
shanghai automation instrumentation co., ltd. interim report 2006
11
vi substantial events
i. corporate governance:
in accordance with the revised company law and securities law, as well as a series of new
regulations promulgated by csrc and sse, the company has made overall modification of its
articles of association on the basis of actual situation during the report period, which is approved
by 2005 annual shareholder’s general meeting. as a matter of fact, the company has been
continuously improving its corporate governance so that it satisfies the requirements of listed
company governance norm in term of “five independence, three separation, two boards and
one meeting”. up till now, there’s no difference between the actual governance status and the
requirement specified in relevant documents of csrc.
ii. profit distribution plan for the previous year and execution:
during the report period, the company carried out no profit distribution, transfer from capital
reserves or ipo proposed in previous periods and it intends not to execute interim profit distribution
or transferring capital reserve into capital stock.
iii. substantial lawsuits and arbitrations:
1. the company and its held subsidiary, shanghai microlink electronic co., ltd. as the co-plaintiffs
charged microlink systems incorporation usa (microlink usa), mr. cai xianxiu, mr. gui haojie and
three related parties of microlink usa in 12 indictments including breach of contracts, illegal
transference of assets and fraudulent conduct. the company won the lawsuit according to the
verdict brought in by the north district court of california, usa. (see the bulletins on shanghai
securities news and hong kong south china post on nov. 29th 2001). in witness of bankruptcy
application of mr. cai xianxiu, the case was handed over to the local bankruptcy court of
california, usa. the written verdict was sent to the company on dec. 13th 2002 (see bulletins
disclosed on shanghai securities news and hong kong commercial daily on dec. 16th 2002).
dorsey & whitney - american & international lawyers firm and the company have been seeking
active execution of the verdict and currently that case is still in the course of execution.
2. shanghai feilong real estate development co., ltd. sued the company for dissension on joint
development of land plot addressed at 1496, huashan rd. shanghai. the case is still in the
course of hearing. (see bulletins disclosed on shanghai securities news and hong kong south
china post dated jun.4, 2002, aug.27th, 2002 and dec.30th, 2003; and the company’s 2005
annual report for details.)
iv. assets acquisition, sale, merge and reconstruction occurred in the report period:
in the report period, the company was not involved in any substantial assets acquisition, merge
and reconstruction.
v. substantial related transactions in the report period:
1. substantial related transactions in connection with purchase of commodities and acceptances of
service
in the report period, the company sold rmb50,000 yuan of goods to shanghai shangziyi rotate
speed meter electromagnetic equipment co., ltd., rmb40,000 yuan of goods to shanghai
shangziyi adjustor co., ltd., rmb900,000 yuan of goods to shanghai shangyi international trade
co., ltd. , rmb80,000 yuan of goods to shanghai kangmaosheng air controlled parts co., ltd. ,
rmb300,000 yuan of goods to shanghai siemens industrial automation co., ltd., rmb16.58
million yuan of goods to shanghai electric group co., ltd., rmb10,000 of goods to shanghai
textile machinery plant, rmb260,000 yuan of goods to shanghai chaoqun non-destruction
measurement equipment co., ltd., rmb30,000 yuan of goods to shanghai woma-dalong ultrahigh
pressure equipment co., ltd., rmb40,000 yuan of goods to shanghai pacific textile
machinery & assembly co., ltd., rmb10,000 yuan of goods to shanghai lubricating equipment
plant, rmb60,000 yuan of goods to shanghai sifang boiler plant, rmb30,000 yuan of goods to
shanghai automation instrumentation co., ltd. interim report 2006
12
shanghai dalong machinery co., ltd. , rmb30,000 yuan of goods to shanghai anderson
greenwood crosby valve co., ltd. and rmb10,000 yuan of goods to shanghai grumman fire
control equipment co., ltd. meanwhile, the company purchased rmb20,000 yuan of goods from
shanghai shangziyi adjustor co., ltd., rmb1.07 million yuan of goods from shanghai shengyi
instrument transformer co.ltd., rmb350,000 yuan of goods from shanghai shangziyi rotate
speed meter electromagnetic equipment co., ltd., rmb30,000 yuan from dahua-chino
instrument shanghai and rmb8.55 million yuan of goods from shanghai shangyi international
trade co., ltd. all transactions are based on market price.
among the above-mentioned related transactions, the amount arising from the routine operational
transactions between the company’s ultimate shareholder and its subsidiaries and the company
were below the relevant expected related transaction volume for 2006.
2. in report period, the company was not involved in any substantial related transactions in
connection with assets acquisition, and stock right transfer or sales.
3. in report period, the company was not involved in any substantial related transactions in
connection with joint investment.
4. current substantial related credits and liabilities
as at the end of report period, microlink systems incorporation usa , cargo payment rmb 133.056
million receivable. among account receivable, shanghai yokogawa electromagnetic equipment
co., ltd. rmb150,000 yuan, shanghai ziyi no.9 instrument co., ltd. rmb910,000 yuan,
shanghai shangyi international trade co., ltd. rmb990,000 yuan, shanghai shangziyi rotate
speed meter electromagnetic equipment co., ltd. rmb40,000 yuan, shanghai hailong fluid
control technology co.ltd. rmb40,000 yuan, shanghai shengyi instrument transformer
co.ltd.rmb30,000 yuan, shanghai electric group co., ltd. rmb13.16 million yuan, shanghai
miniature bearing plant, rmb100,000 yuan, shanghai united electric machinery (group) co., ltd.
rmb10,000 yuan, shanghai air blower plant co., ltd. rmb180,000 yuan, shanghai electric
machinery (group) co., ltd. experimental electric furnace plant, rmb30,000 yuan, shanghai
vacuum pump plant ,rmb20,000 yuan, shanghai shuguang machinery manufacture plant,
rmb160,000 yuan, shanghai hoisting & transportation plant co., ltd. rmb20,000 yuan,
shanghai electric (group) imp. & exp.co., ltd. rmb230,000yuan, shanghai electric (group) valve
assembly co., ltd.rmb100,000 yuan, shanghai woma-dalong ultra-high pressure equipment co.,
ltd. rmb10,000yuan, shanghai zhengsheng forging co., ltd. rmb20,000 yuan, shanghai
chaoqun non-destruction measurement equipment co., ltd.rmb130,000yuan, shanghai pacific
textile machinery & assembly co., ltd. rmb30,000 yuan, shanghai sifang boiler plant,
rmb40,000 yuan and shanghai relay co., ltd.rmb90,000 yuan. as for other receivables, there
are rmb3.79 million yuan due from shanghai shangziyi rotate speed meter electromagnetic
equipment co., ltd., rmb4.83 million yuan from shanghai shangyi international trade co., ltd.,
rmb3.74 million yuan from shanghai micorlink laundry co., ltd., rmb120,000 yuan from
shanghai shengyi instrument transformer co.ltd., rmb330,000 yuan from shanghai shangziyi
adjustor co., ltd., rmb10,000 yuan from shanghai hailong fluid control technology co.ltd. and
rmb280,000 yuan from shanghai siemens industrial automation co., ltd. among account
payable, there are rmb1.4 million yuan for shanghai hailong fluid control technology co.ltd.,
rmb70,000yuan for shanghai shengyi instrument transformer co.ltd., rmb150,000yuan for
shanghai shangziyi adjustor co., ltd., rmb400,000 yuan for shanghai shangyi international
trade co.ltd., rmb140,000 yuan for shanghai yokogawa electromagnetic equipment co., ltd.,
rmb180,000 yuan for shanghai shangziyi rotate speed meter electromagnetic equipment co.,
ltd. and rmb30,000 yuan for dahua-chino instrument shanghai. in addition, rmb220,000 yuan
was prepaid by shanghai shangziyi adjustor co., ltd. as for other payables, there are
rmb480,000 yuan for shengyi instrument transformer co.ltd.,rmb210,000yuan for shanghai ziyi
no.9 instrument co., ltd., rmb10,000 yuan for shanghai xinfen instrument connector assembly
co.ltd. and rmb184.44 million yuan for shanghai electric (group) co., ltd.
shanghai automation instrumentation co., ltd. interim report 2006
13
5. in the report period, the company was not involved in any other substantial related transaction
events.
vi. major contracts and related implementations
1. during the report period, there’s no provision or acceptance of substantial trusteeship, contract,
lease events occurred in the company, which were either made in the report period or made in
previous period but continued in report period.
2. substantial guarantee events
unit:rmb10,000 yuan
guarantee the company has committed to (excluding guarantee provided for subsidiaries)
guaranteed
company
date of
agreement
amount of
guaranteed
type of
guaranteed duration implemented
or not
a related
party or
not
shanghai audio &
video holding
(group) corp.
2002 2,000 joint
responsibility 2005.11.22～2006.3.20 y n
shanghai audio &
video holding
(group) corp.
2002 4,000 joint
responsibility 2005.3.28～2006.3.27. y n
shanghai audio &
video holding
(group) corp.
2002 2,000 joint
responsibility 2005.3.30～2006.3.29 y n
shanghai audio &
video holding
(group) corp.
2002 1,000 joint
responsibility 2005.9.7～2006.9.6 n n
shanghai audio &
video holding
(group) corp.
2002 1,000 joint
responsibility 2005.9.22～2006.9.22 n n
shanghai audio &
video holding
(group) corp.
2002 1,500 joint
responsibility 2005.10.10～2006.10.10 n n
shanghai audio &
video holding
(group) corp.
2002 4,000 joint
responsibility 2005.11.17～2006.11.17 n n
accrued guarantee amount in the report period 0
total guarantee balance at the end of report period 7,500
guarantees provided for subsidiaries
accrued guarantee amount in the report period 0
total guarantee balance at the end of report period 0
total guarantee amount (including those provided for subsidiaries)
total guarantee amount 7,500
proportion of net assets of the company 58.63
including:
guarantee for its shareholder, actual controller and other related
parties 0
direct or indirect guarantees for the guaranteed parties with an
assets-liabilities ratio over 70% 0
the guarantees the company has committed to exceeding 50%
of net assets of the company 1103.6
total guarantee amount for the above 3 items 1103.6
the company provided shanghai audio & video holding (group) corp. with a guarantee
amounting to rmb20 million yuan, duration commencing from nov.22nd, 2005 to mar.20th, 2006.
the implementation of the said guarantee was completed and the overdue amount was rmb 0
yuan. this event was disclosed in shanghai securities news and hong kong wen wei po dated
dec.31st, 2005.
the company provided shanghai audio & video holding (group) corp. with a guarantee
shanghai automation instrumentation co., ltd. interim report 2006
14
amounting to rmb40 million yuan, duration commencing from mar.28th, 2005 to mar.27th, 2006.
the implementation of the said guarantee was completed and the overdue amount was rmb0
yuan. this event was disclosed in shanghai securities news and hong kong wen wei po dated
jun.1st, 2005.
the company provided shanghai audio & video holding (group) corp. with a guarantee
amounting to rmb20 million yuan, duration commencing from mar.20th, 2005 to mar.29th, 2006.
the implementation of the said guarantee was completed and the overdue amount was rmb0
yuan. this event was disclosed in shanghai securities news and hong kong wen wei po dated
jun.1st, 2005.
the company provided shanghai audio & video holding (group) corp. with a guarantee
amounting to rmb10 million yuan, duration commencing from sept. 7th, 2005 to sept. 6th, 2006.
the implementation of the said guarantee was completed and the overdue amount was rmb0
yuan. this event was disclosed in shanghai securities news and hong kong wen wei po dated
oct.14th, 2005.
the company provided shanghai audio & video holding (group) corp. with a guarantee
amounting to rmb10 million yuan, duration commencing from sept. 22nd, 2005 to sept. 22nd, 2006.
the implementation of the said guarantee was completed and the overdue amount was rmb0
yuan. this event was disclosed in shanghai securities news and hong kong wen wei po dated
oct.14th, 2005.
the company provided shanghai audio & video holding (group) corp. with a guarantee
amounting to rmb15 million yuan, duration commencing from oct.10th, 2005 to oct.10th, 2006. the
implementation of the said guarantee was completed and the overdue amount was rmb0 yuan.
this event was disclosed in shanghai securities news and hong kong wen wei po dated nov.19th,
2005.
the company provided shanghai audio & video holding (group) corp. with a guarantee
amounting to rmb40 million yuan, duration commencing from nov.17th, 2005 to nov.27th, 2006.
the implementation of the said guarantee was completed and the overdue amount was rmb0
yuan. this event was disclosed in shanghai securities news and hong kong wen wei po dated
dec.31st, 2005.
particulars about the guarantees:
during the report period, the company has not involved with any other new guarantee and made
great efforts in the reduction of guarantees arising from historical reasons, so as to avoid guarantee
risk. as at the end of jun.2006, the balance of guarantee the company has committed to
decreased by rmb90.4106 million yuan compared to the year-beginning, and the proportion of
total guarantee to net assets of the company declined by 74.06 %-points compared to the same
period of the previous year. in addition, the company has been released from the joint liability
resulting from the guarantee provided for shanghai microlink electronic co., ltd., a subsidiary with
an assets-liabilities ratio over 70%.
3. in the report period, there’s no entrusted cash assets investment event which occurred in the
report period or occurred in previous period but continued in report period within the company.
vii. there exist no commitments either made in the report period or made in previous period
but continued in report period by shareholders who hold above 5% shares – shanghai
electric (group) corp., china huarong asset management co. ltd., shanghai international
entrust & investment co. ltd., china east asset management co. ltd..
viii. in the report period, the financial report was not audited and no change event of
accounting firm occurred.
ix. during the report period, the company, the board of directors and directors have not
been checked by csrc, given administration punishment and circling comment, and
publicly criticized by shanghai securities exchange.
shanghai automation instrumentation co., ltd. interim report 2006
15
x. miscellaneous
1. in order to appropriately settle the loans and interests accrued due to icbc, shanghai electric
(group) co., ltd., the ultimate shareholder of the company, has compensated icbc with its own
real property and relevant land-use right located at new gonghe road, and assumed the relevant
liabilities amounting to rmb275, 5000,000 yuan on behalf of the company. the above event was
approved on the 16th shareholder’s general meeting (the 1st interim shareholder’s general
meeting in 2006) dated on feb.15th, 2006. (see shanghai securities news and hong kong wen
wei po dated jan.7th, 2006 and feb.16th, 2006 respectively.)
2. in order to optimize the state assets allocation and speed up the development of equipment
manufacture industry, shares held by shanghai instrumentation & electronics holding (group)
corp., former ultimate shareholder of the company were transferred to shanghai electric (group)
co., ltd. without compensation upon the approval of the state assets regulatory committee. on
mar.10th, 2006, the company received a no comment letter from csrc, concerning the
acquisition of shares of shanghai automation instrumentation co., ltd. by shanghai electric
(group) co., ltd. on apr.18th, the company obtained the transfer registration confirmation issued
by china securities depository and clearing corp. shanghai branch, ruling that 115,196,424
shares of the company were transferred from former ultimate shareholder, shanghai
instrumentation & electronics holding (group) corp., to shanghai electric (group) co., ltd. and the
nature of shares remains state owned shares. after that, the implementation of this state-owned
shares transfer was completed and shanghai electric (group) co., ltd. became the ultimate
shareholder of the company.
(see relevant bulletins disclosed in shanghai securities news and hong kong wen wei po dated
jul.30th, 2005, aug.6th, 2005, aug.19th, 2005, dec.30th, 2005, mar.11th, 2006 and apr.19th, 2006.)
3. on may 29th, 2005, the company proceeded with relevant procedures of share merge reform.
after fully communicating with relevant shareholders in the a-share market, the company
announced its draft plan and revised plan on jun.2nd and jun.9th, 2006 respectively. finally, the
shareholders of non-circulating shares will pay 15,153,435 shares of st-autom instrume to
shareholders of circulating shares at a consideration level of dispatching 4.5 shares per 10 shares.
on jun.26ht, 2006, the meeting of relevant shareholders in the a-share market voted to approve
the share merge reform plan of the company, which is subject to the approval of the ministry of
commerce. at present, this plan is under the process of approval. (see relevant bulletins disclosed
in shanghai securities news, china securities daily and securities times dated may 29th, 2006,
jun.2nd ,2006, jun.9th, 2006 and jun.28th, 2006 )
4. on jun.1st, 2006, shanghai electric (group) co., ltd., the ultimate shareholder of the company,
notified the company that it had signed a letter of intent with china huarong asset management
co., ltd. to acquire 38,615,455 state-owned shares of the company from the latter, accounting for
9.67% of total equity shares of the company. at present, this event is under the process of
approval. (see relevant bulletins disclosed in shanghai securities news, china securities daily
and securities times dated jun.2nd, 2006.)
5. information index for other substantial events
events
name and page of newspaper
for info disclosure
date
website for info
disclosure and
inquiry path
bulletin on resolutions of the 5th meeting
of the 5th board of directors and notice on
convening of the 16th shareholder’s
general meeting (the 1st interim
shareholder’s meeting in 2006)
page c10 of shanghai
securities news; page b3 of
hong kong wen wei po
07/01/2006 www.sse.com.cn
bulletin on related transactions
page c10 of shanghai
securities news; page b3 of
hong kong wen wei po
07/01/2006 www.sse.com.cn
shanghai automation instrumentation co., ltd. interim report 2006
16
bulletin on the 4th meeting of the 5th board
of supervisors
page c10 of shanghai
securities news; page b3 of
hong kong wen wei po
07/01/2006 www.sse.com.cn
bulletin on abnormal fluctuation of bshare
transaction of the company
page c21 of shanghai
securities news; page a13 of
hong kong wen wei po
23/01/2006 www.sse.com.cn
bulletin on venue of the 16th
shareholder’s general meeting (the 1st
interim shareholder’s meeting in 2006)
page c13 of shanghai
securities news; page a31 of
hong kong wen wei po
07/02/2006 www.sse.com.cn
bulletin on abnormal fluctuation of bshare
transaction of the company
page c10 of shanghai
securities news; page b4 of
hong kong wen wei po
14/02/2006 www.sse.com.cn
bulletin on resolutions of the 16th
shareholder’s general meeting (the 1st
interim shareholder’s meeting in 2006)
page c13 of shanghai
securities news; page b9 of
hong kong wen wei po
16/02/2006 www.sse.com.cn
bulletin on transfer of state-owned shares
page c13 of shanghai
securities news; page a20 of
hong kong wen wei po
11/03/2006 www.sse.com.cn
bulletin on resolutions of the 6th meeting
of the 5th board of directors
page c61 of shanghai
securities news; page b4 of
hong kong wen wei po
31/03/2006 www.sse.com.cn
bulletin on resolutions of the 5th meeting
of the 5th board of supervisors
page c61 of shanghai
securities news; page b4 of
hong kong wen wei po
31/03/2006 www.sse.com.cn
bulletin on completion of state-owned
shares transfer
page c21 of shanghai
securities news; page b4 of
hong kong wen wei po
19/04/2006 www.sse.com.cn
bulletin on resolutions of the 7th meeting
of the 5th board of directors and notice on
convening of the 17th shareholder’s
general meeting (2005 annual
shareholder’s meeting)
page b29 of shanghai
securities news; page b21 of
hong kong wen wei po
29/04/2006 www.sse.com.cn
bulletin on volume expectation of 2006
routine related transactions
page b29 of shanghai
securities news; page b11 of
hong kong wen wei po
29/04/2006 www.sse.com.cn
bulletin on resolutions of the 6th meeting
of the 5th board of supervisors
page b29 of shanghai
securities news; page b11 of
hong kong wen wei po
29/04/2006 www.sse.com.cn
bulletin on abnormal fluctuation of ashare
and b-share transactions of the
company
page b27 of shanghai
securities news; page b3 of
hong kong wen wei po
22/05/2006 www.sse.com.cn
bulletin on resolutions of the 17th
shareholder’s general meeting (2005
annual shareholder’s meeting)
page a12 of shanghai
securities news; page a21 of
hong kong wen wei po
26/05/2006 www.sse.com.cn
bulletin on resolutions of the 8th meeting
of the 5th board of directors
page a12 of shanghai
securities news; page a21 of
hong kong wen wei po
26/05/2006 www.sse.com.cn
bulletin on resolutions of the 7th meeting
of the 5th board of supervisors
page a12 of shanghai
securities news; page a21 of
hong kong wen wei po
26/05/2006 www.sse.com.cn
indicative bulletin on share merge reform page b7 of shanghai securities
news 29/05/2006 www.sse.com.cn
indicative bulletin on suspended trading of
shares of the company
page b8 of hong kong wen
wei po 29/05/2006 www.sse.com.cn
indicative bulletin on change in
shareholding profile
page b13 of shanghai
securities news, page b18 of
china securities daily and page
c7 of hong kong wen wei po
02/06/2006 www.sse.com.cn
bulletin on resolutions of the 9th meeting
of the 5th board of directors (the 1st
interim meeting in 2006)
page b13 of shanghai
securities news, page b18 of
china securities daily and page
c7 of hong kong wen wei po
02/06/2006 www.sse.com.cn
shanghai automation instrumentation co., ltd. interim report 2006
17
notice on convening of relevant
shareholder’s meeting on share merge
reform
page b13 of shanghai
securities news, page b18 of
china securities daily and page
c7 of hong kong wen wei po
02/06/2006 www.sse.com.cn
bulletin on communications on share
merge reform plan and adjustment to
share merge reform plan
page b23 of shanghai
securities news, page c010 of
china securities daily and page
c13 of hong kong wen wei po
09/06/2006 www.sse.com.cn
the 1st indicative bulletin on convening of
relevant shareholder’s meeting on share
merge reform
page b18 of shanghai
securities news 14/06/2006 www.sse.com.cn
bulletin on abnormal fluctuation of ashare
transaction of the company
page b7 of shanghai securities
news; page a30 of hong kong
wen wei po
15/06/2006 www.sse.com.cn
bulletin on approval of share merge
reform plan by national state-owned
assets regulatory committee
page b9 of shanghai securities
news 21/06/2006 www.sse.com.cn
the 2nd indicative bulletin on convening
of relevant shareholder’s meeting on
share merge reform
page b9 of shanghai securities
news 21/06/2006 www.sse.com.cn
bulletin on voting result of relevant ashare
holder’s meeting on share merge
reform
page b18 of shanghai
securities news, page c007 of
china securities daily and page
c19 of hong kong wen wei po
28/06/2006 www.sse.com.cn
vii. fiancial report (unaudited)
i. financial report
shanghai automation instrumentation co., ltd. interim report 2006
18
balance sheet
june 30, 2006
prepared by：shanghai automation instrumentation co., ltd. unit: rmb yuan
notes consolidation parent company
items
consolidation consolidation closing balance starting balance closing balance starting balance
current assets:
currency funds 5.1 6.1 79,661,911.58 93,463,900.91 70,158,977.31 83,002,218.97
short-term investment 5.2 6.2 579,295.16 400,147.95 579,295.16 400,147.95
notes receivable 5.3 6.3 3,597,117.00 4,467,190.31 2,967,117.00 3,410,463.00
dividends receivable 5.4 6.4 212,429.98 272,946.85 816,890.29 497,946.85
interests receivable
accounts receivable 5.5 6.5 324,073,478.37 260,999,826.14 315,340,853.45 254,874,062.67
other receivables 5.6 6.6 58,790,688.98 38,094,166.84 56,200,335.72 35,890,148.84
accounts prepaid 5.7 6.7 52,857,875.97 103,211,919.94 51,901,019.89 101,832,968.94
subsidy receivable
inventory 5.8 6.8 224,590,894.01 217,091,205.64 216,568,234.12 208,499,406.75
prepaid expenses 5.9 6.9 328,137.68 198,152.62 227,997.68 105,962.62
long-term creditor's right
investment due within one year
other currents assets
total current assets 744,691,828.73 718,199,457.20 714,760,720.62 688,513,326.59
long-term investment:
long-term stock rights
investment
5.10 6.10 95,388,610.28 91,810,541.83 109,859,434.03 106,569,139.71
long-term creditor's right
investment
total long-term investment 95,388,610.28 91,810,541.83 109,859,434.03 106,569,139.71
including: consolidated price
difference
including: stock rights
investment difference
fixed assets:
fixed assets purchase value 5.11 6.11 319,714,629.19 323,890,846.75 306,245,896.98 310,629,995.59
less: accumulated
deprecation
5.11 6.11 178,742,408.48 177,317,050.77 171,136,398.42 170,163,709.51
net value fixed assets 5.11 6.11 140,972,220.71 146,573,795.98 135,109,498.56 140,466,286.08
less: fixed assets
depreciation provision
5.11 6.11 20,156,828.34 21,950,900.24 20,083,456.47 21,877,528.37
fixed assets net amount 5.11 6.11 120,815,392.37 124,622,895.74 115,026,042.09 118,588,757.71
project materials 5.12 6.12 29,471.63 33,126.97 29,471.63 33,126.97
projects in progress 5.13 6.13 2,635,343.26 1,257,330.36 2,545,565.02 1,173,574.76
fixed assets disposal 5.14 6.14 11,843.32 11,843.32
total fixed assets 123,492,050.58 125,913,353.07 117,612,922.06 119,795,459.44
intangible assets and other
assets:
intangible assets 5.15 6.15 1,672,025.19 1,947,280.59 1,672,025.19 1,947,280.59
long-term prepaid expenses 5.16 6.16 772,780.07 949,672.84 772,780.07 949,672.84
other long-term assets
total intangible assets and
other assets: 2,444,805.26 2,896,953.43 2,444,805.26 2,896,953.43
deferred taxes:
deferred taxes debit
total assets 966,017,294.85 938,820,305.53 944,677,881.97 917,774,879.17
shanghai automation instrumentation co., ltd. interim report 2006
19
current liabilities:
short-term loan 5.17 6.17 215,052,005.53 333,921,861.22 215,052,005.53 323,511,303.22
notes payable
accounts payable 251,177,181.79 187,451,232.98 242,285,311.15 176,586,325.22
advances from suppliers 84,580,773.26 149,803,667.13 83,305,364.71 148,547,732.31
salary payable
welfare payable 5.18 6.18 2,641,025.19 2,593,457.52 49,560.15 71,398.95
dividends payable 5.19 6.19 4,683,947.02 4,557,460.25 4,482,460.25 4,482,460.25
taxes payable 5.20 6.20 4,564,521.57 5,470,076.45 4,060,636.44 5,120,946.12
other taxes/expenses
payable
5.21 6.21 303,680.76 274,269.41 298,308.07 268,973.57
other payables 221,754,738.37 77,974,327.12 203,466,637.09 72,268,222.56
prepaid expenses 5.22 6.22 4,240,000.00 493,452.86 4,240,000.00 493,452.86
liabilities expected 10,410,558.00 10,410,558.00
long-term liabilities due
within one year
5.23 6.23 24,273,638.02 23,907,525.96 24,273,638.02 23,907,525.96
other current liabilities
total current liabilities 813,271,511.51 786,447,330.90 791,924,479.41 765,668,899.02
long-term liabilities:
long-term loan 5.24 6.24 4,700,000.00 2,700,000.00 4,700,000.00 2,700,000.00
bonds payable
long-term payables
special payables 5.25 6.25 16,893,425.91 16,293,505.91 16,893,425.91 16,293,505.91
other long-term liabilities 5.26 23,568.98 23,568.98
total long-term liabilities 21,616,994.89 19,017,074.89 21,593,425.91 18,993,505.91
deferral taxes:
deferral taxes credit
total liabilities 834,888,506.40 805,464,405.79 813,517,905.32 784,662,404.93
minority shareholders’ equity 3,200,767.44 3,318,098.48
owner's
equity(shareholders’
equity)：
paid-in capital (capital stock) 5.27 6.26 399,286,890.00 399,286,890.00 399,286,890.00 399,286,890.00
less：investment returned
net amount of paid-in capital
(capital stock) 399,286,890.00 399,286,890.00 399,286,890.00 399,286,890.00
capital reserves 5.28 6.27 222,366,140.12 222,366,140.12 222,366,140.12 222,366,140.12
profit reserves 5.29 6.28 27,343,245.73 27,160,268.23 22,767,526.37 22,767,526.37
including ：statutory public
welfare fund 1,012,054.45 699,704.10
undistributed profit 5.30 6.29 -517,993,581.86 -515,700,824.11 -513,260,579.84 -511,308,082.25
cash dividends to be
distributed
foreign currency exchange
difference
less: not-audited investment
loss 5.31 3,074,672.98 3,074,672.98
total owner’s
(shareholders’ )equity 127,928,021.01 130,037,801.26 131,159,976.65 133,112,474.24
total liabilities and owner’s
(shareholders’ )equity 966,017,294.85 938,820,305.53 944,677,881.97 917,774,879.17
legal representative: xu wei; cfo：fan youling; person in charge of accounting organ: wu jianxiao
shanghai automation instrumentation co., ltd. interim report 2006
20
profit and profit distributes statement
six months ended june 30, 2006
prepared by：shanghai automation instrumentation co., ltd. unit: rmb yuan
item notes consolidation parent company
consolidation parent
company
six months ended
30 june 2006
six months ended
30 june 2005
six months ended
30 june 2006
six months ended 30
june 2005
1.main business revenue 5.32 6.30 461,946,641.93 376,638,724.39 435,460,763.87 348,995,588.14
less: main business cost 5.32 6.30 377,727,660.38 293,369,321.60 359,183,899.54 274,626,427.58
main business tax and addition 5.33 6.31 2,065,330.32 1,797,799.54 1,967,701.67 1,741,863.14
2.main business profit(“-”indicating
loss) 82,153,651.23 81,471,603.25 74,309,162.66 72,627,297.42
add: other operating profit(“-
”indicating loss) 5.34 6.32 4,110,701.85 -4,770,400.67 3,218,825.41 -5,343,320.39
less: operational expenses 16,596,859.75 17,085,739.20 15,129,386.51 16,157,471.85
administrative expenses 71,731,277.03 53,268,596.29 64,763,537.98 48,227,656.04
financing cost 5.35 6.33 5,265,115.86 12,255,839.94 5,240,768.57 9,877,550.27
3.operating profit(“-”indicating loss) -7,328,899.56 -5,908,972.85 -7,605,704.99 -6,978,701.13
add: investment income(“-”indicating
losses) 5.36 6.34 5,622,845.07 6,530,141.80 5,783,531.25 7,061,807.28
subsidy income
non-operating income 5.37 6.35 64,232.99 3,174,660.71 64,232.99 3,127,587.71
less: non-operating expenses 5.38 6.36 225,558.72 770,420.90 194,556.84 679,661.37
4. profit before tax(“-”indicating total
losses) -1,867,380.22 3,025,408.76 -1,952,497.59 2,531,032.49
less: income tax 5.39 118,966.13 314,430.74
minority shareholders gains/losses 51,155.73 179,945.53
add: unconfirmed investment losses
(as per consolidation statement)
5. net profit(“-”indicating loss) -2,037,502.08 2,531,032.49 -1,952,497.59 2,531,032.49
add: undistributed profit at
beginning of the year
-515,700,824.11 -520,946,218.67 -511,308,082.25 -517,505,348.08
others transferred in
6. distributable profit -517,738,326.19 -518,415,186.18 -513,260,579.84 -514,974,315.59
less: accrued statutory profit reserves 24,853.42 29,320.07
accrued statutory welfare reserves 29,320.07
accrued staff bonus and welfares
fund (as per consolidation statement) 72,278.17 72,328.93
accrued reserve fund 54,208.62
accrued enterprise expansion fund 54,208.62
profits capitalized on return of
investment
7. profit distributable to shareholders -517,943,875.02 -518,546,155.25 -513,260,579.84 -514,974,315.59
less: preferred stock dividends
payable
accrued free profit reserves 49,706.84 137,813.45
common stock rights payable
common stock dividends transferred
into capital stock
8. undistributed profit (“-”indicating
remedy deficit) -517,993,581.86 -518,683,968.70 -513,260,579.84 -514,974,315.59
supplementary information:
1.income from sale or disposal of
departments or invested units -51,090.32 -51,090.32
2.losses caused by natural disaster
3.total increase (or decrease) amount
of profit due to accounting policy
change
4.total increase (or decrease) of profit
due to accounting estimated change
5.loss from debts restructuring
6. others
legal representative: xu wei; cfo：fan youling; person in charge of accounting organ: wu jianxiao
shanghai automation instrumentation co., ltd. interim report 2006
21
cash flow statements
six months ended june 30, 2006
prepared by：shanghai automation instrumentation co., ltd. unit: rmb yuan
notes
items
consolidation
parent
company
consolidation parent company
i. operational cash flow:
income from sales of goods and services 374,236,414.94 342,460,347.53
taxes return
other income from operation-related activities 5.40 11,293,363.35 2,803,182.79
total operational cash flow-in 385,529,778.29 345,263,530.32
purchase of goods and services 272,322,679.98 251,730,612.12
staff expenses 60,395,470.31 54,431,198.69
taxes paid 27,446,868.30 24,953,525.36
other expenses related to operational activities 5.41 62,346,766.80 50,582,078.21
total operational cash flow-out 422,511,785.39 381,697,414.38
net operational cash flow -36,982,007.10 -36,433,884.06
ii. cash flow from investment:
receipt from return of investment 1,175,170.54 1,175,170.54
including: receipt from sale of a subsidiary：
receipt from earnings of investment 1,632,959.68 1,617,959.68
disposal of fixed assets, intangible assets and other
long-term assets 86,227.60 63,427.60
receipt from other investment activities
total income from investment activities 2,894,357.82 2,856,557.82
purchase of fixed assets, intangible assets and other
long-term assets 3,565,889.97 3,286,991.28
payment for investment 797,983.94 797,983.94
other payment for investment activities
total cash flow-out for investment 4,363,873.91 4,084,975.22
net cash flow from investment activities -1,469,516.09 -1,228,417.40
iii. cash flow from financing:
capital investment
including: minority share holders’ equity investment
from subsidiaries
loans 197,000,000.00 197,000,000.00
receipt from other financing activities 5.42 276,156,386.25 276,156,386.25
total cash flow-in from financing 473,156,386.25 473,156,386.25
debts payback 303,500,000.00 303,500,000.00
dividends, profits distribution and interests 5,006,852.39 4,837,326.45
including: dividends for minority shareholders
other expense related to financing activities 5.43 140,000,000.00 140,000,000.00
including: legal lessening of capital of minority
shareholders
total cash flow-out for financing 448,506,852.39 448,337,326.45
net cash flow of financing activities 24,649,533.86 24,819,059.80
iv. impact of exchange rate fluctuation
v. net increase of cash or cash equivalents -13,801,989.33 -12,843,241.66
shanghai automation instrumentation co., ltd. interim report 2006
22
supplementary information:
1. cash flow of net profit into operational activities:
net profit -2,037,502.08 -1,952,497.59
add: minority shareholders’ gains or losses (“-
”indicating loss）
51,155.73
less: not-audited investment loss
add: accrued assets depreciation provision 3,586,876.54 3,586,876.54
fixed assets depreciation 7,954,040.37 7,496,849.88
intangible assets amortization 279,539.40 279,539.40
amortization of long-term prepaid expenses 176,892.77 176,892.77
decrease of prepaid expenses (less: increase) -129,985.06 -122,035.06
increase of prepaid expenses (less: decrease) 3,746,547.14 3,746,547.14
loss from disposal of fixed assets, intangible assets
and other long-term assets (less: gains) 125,093.72 125,093.72
loss from fixed assets damage 31,001.88
financial expenses 5,004,714.62 4,961,188.68
investment loss (less: gains) -5,622,845.07 -5,783,531.25
deferred taxes credit (less: debit)
inventory decrease (less: increase) -7,499,688.37 -8,068,827.37
decrease of receivables from operational
activities(less: increase) -39,797,960.67 -37,341,262.33
increase of payables from operational activities (less:
decrease) -2,484,327.34 -3,431,801.09
others -365,560.68 -106,917.50
net cash flow of operational activities -36,982,007.10 -36,433,884.06
2. investment and financing activities not related to
cash flow
capital transferred from debts
transferable company bonds due within one year
fixed asset rented as financing activities
3. net increase of cash and cash equivalents:
cash closing balance 79,661,911.58 70,158,977.31
less: cash starting balance 93,463,900.91 83,002,218.97
add: cash equivalents closing balance
less: cash equivalents starting balance
net increase of cash and cash equivalents -13,801,989.33 -12,843,241.66
legal representative: xu wei; cfo：fan youling; person in charge of accounting organ: wu jianxiao
shanghai automation instrumentation co., ltd. interim report 2006
23
consolidated assets depreciation provision list
june 30, 2006
prepared by：shanghai automation instrumentation co., ltd. unit: rmb yuan
decrease in the period
items
starting
balance
increase in
the period
return from
rising of
fixed asset
value
transfer-out
for other
reasons
total
closing
balance
total bad debt
provision 426,298,211.02 3,586,876.54 506,153.46 506,153.46 429,378,934.10
includes：account
receivables 327,421,308.03 3,586,876.54 506,153.46 506,153.46 330,502,031.11
other receivables 98,876,902.99 98,876,902.99
total provision of shortterm
investment
depreciation
51,233.81 51,233.81 51,233.81
includes：stock
investment 51,233.81 51,233.81 51,233.81
bond investment
total inventory falling
price provision 25,520,517.98 333,542.61 333,542.61 25,186,975.37
includes：goods in
stock 8,697,896.82 91,491.03 91,491.03 8,606,405.79
semi-finished products 10,075,256.95 10,075,256.95
raw materials 6,747,364.21 242,051.58 242,051.58 6,505,312.63
long-term investment
depreciation provision 7,626,926.25 7,626,926.25
includes：long-term
stock rights investment 7,626,926.25 7,626,926.25
long-term creditor’s
right investment
total fixed assets
depreciation provision 21,950,900.24 1,794,071.90 1,794,071.90 20,156,828.34
includes：buildings
and constructions 8,140,057.53 8,140,057.53
machinery
equipment 6,452,286.85 6,452,286.85
transport
equipment 791,717.10 791,717.10
other equipment 6,566,838.76 1,794,071.90 1,794,071.90 4,772,766.86
intangible assets
depreciation provision 3,458,643.00 3,458,643.00
includes: patent right 3,458,643.00 3,458,643.00
trade-mark rights
in-process projects
depreciation provision 5,469,152.07 5,469,152.07
entrusted loan
depreciation provision
total assets
depreciation 490,375,584.37 3,586,876.54 2,685,001.78 2,685,001.78 491,277,459.13
legal representative: xu wei; cfo：fan youling; person in charge of accounting organ: wu jianxiao
shanghai automation instrumentation co., ltd. interim report 2006
24
assets depreciation provision list of parent company
june 30, 2006
prepared by：shanghai automation instrumentation co., ltd. unit: rmb yuan
decrease in the period
items
starting
balance
increase in
the period
return
from rising
of fixed
asset
value
transfer-out
for other
reasons
total
closing
balance
total bad debt
provision 369,347,754.00 3,586,876.54 506,153.46 506,153.46 372,428,477.08
includes：account
receivables 194,758,848.25 3,586,876.54 506,153.46 506,153.46 197,839,571.33
other receivables 174,588,905.75 174,588,905.75
total provision of
short-term investment
depreciation
51,233.81 51,233.81 51,233.81
includes：stock
investment 51,233.81 51,233.81 51,233.81
bond investment
total inventory falling
price provision 24,460,825.29 333,542.61 333,542.61 24,127,282.68
includes：goods in
stock 8,055,251.33 91,491.03 91,491.03 7,963,760.30
semi-finished products 9,768,679.04 9,768,679.04
raw materials 6,636,894.92 242,051.58 242,051.58 6,394,843.34
long-term investment
depreciation provision 7,626,926.25 7,626,926.25
includes：long-term
stock rights investment 7,626,926.25 7,626,926.25
long-term creditor’s
right investment
total fixed assets
depreciation provision 21,877,528.37 1,794,071.90 1,794,071.90 20,083,456.47
includes：buildings
and constructions 8,140,057.53 8,140,057.53
machinery
equipment 6,416,392.65 6,416,392.65
transport
equipment 754,239.43 754,239.43
other equipment 6,566,838.76 1,794,071.90 1,794,071.90 4,772,766.86
intangible assets
depreciation provision 3,458,643.00 3,458,643.00
includes: patent right 3,458,643.00 3,458,643.00
trade-mark rights
in-process projects
depreciation provision 5,469,152.07 5,469,152.07
entrusted loan
depreciation provision
total assets
depreciation 432,292,062.79 3,586,876.54 2,685,001.78 2,685,001.78 433,193,937.55
legal representative: xu wei; cfo：fan youling; person in charge of accounting organ: wu jianxiao
shanghai automation instrumentation co., ltd. interim report 2006
25
the comparative earning ratios on net assets and earnings per share in the report period pursuant
to rules on compilation and reporting of information disclosure of public listed companies no.9
issued by csrc are as follows:
unit: rmb yuan
earning ratio on net assets (%) earnings per share (rmb/share)
profit in the report period
fully diluted weighted
average fully diluted weighted
average
main business profit 64.22 63.68 0.206 0.206
operating profit -5.73 -5.68 -0.018 -0.018
net profit -1.59 -1.58 -0.005 -0.005
net profit after deduction of nonrecurring
gains/losses -1.67 -1.66 -0.005 -0.005
company profile
shanghai automation instrumentation co., ltd. (“the company”) was reconstructed into a joint
stock limited company with foreign investment through approval on september, 1993. the
company has successfully issued rmb ordinary stock (a-stock) and foreign currency stock in
domestic market (b-stock) which have been listed for trading with shanghai stock exchange since
march and april, 1994 respectively. it was registered in shanghai commerce & industry
administration bureau on november, 24th, 1994 with legal entity business license huqiguzongzi no.
019035 (municipal bureau), current registered capital rmb399, 286,890.00. mr. xu wei is the
current legal representative of the company. the principal activities of the company focus on the
manufacture industry and its business scope includes: automation control systems/instrumentation
and relevant electromagnetic products/parts, whole set instrument/parts, technical associated parts,
technical services/consulting and investment (under permission if franchise required). its major
products are industrial control system and instruments, automobile electronic devices and analysis
instruments, office control system and household electronic appliance.
on dec.28th, 2005, pursuant to the document ref. huguoziwei (2005) no.950, reply to related
issues concerning the transfer of state-owned shares of shanghai automation instrumentation
co., ltd., shanghai state assets regulatory committee approved the transfer of 115,196,424
state-owned shares of the company from shanghai instrumentation & electronics holding (group)
company to shanghai electric (group) co., ltd. at present, the implementation of relevant equity
share transfer procedures has been completed. shanghai electric (group) co., ltd. has become
the ultimate shareholder of the company, holding 28.85% of equity shares of the company. the
nature of the said shares remains state-owned shares.
ii. principle accounting policies, accounting estimates and basis of preparation
1. accounting standards and accounting system:
prc enterprise accounting standard, corporate accounting system (cas) and any supplementary
regulations.
2. fiscal year:
january 1st to december 31st of the same calendar year
3. currency for accounting:
rmb
4. basis of preparation and principle of accounting:
the accounting records of the company are kept on accrual basis, and assets of the company are
shanghai automation instrumentation co., ltd. interim report 2006
26
valued at their real cost (i.e. original cost subtract preparation for depreciation).
5. translation of foreign currencies:
any foreign currency transaction is exchanged into rmb and entered into account with the
prevailing exchange rate on the day when the transaction occurs (mid-exchange rate quoted by
people’s bank of china, similarly hereinafter). adjustments are made to the rmb balance of the
accounts in foreign currencies at the end of each period to reflect the exchange rate prevailing on
that date. the resulting exchange gains or losses of designated loan accounts in foreign currency,
which were related to the period that are necessary to get the purchased fixed assets ready for use,
were capitalized and allocated to the cost of construction in progress. all other exchange gains or
losses were charged to financial expense. all exchange gains or losses resulting from conversion
between different currencies were charged to financial expense.
6. criteria for determining cash and cash equivalents:
cash equivalents refer to the investments with the following four characteristics: short time horizon
(maturity in three months since the purchasing date), high liquidity, easy conversion to cash as well
as the investment with very little risk of value variation.
7. accounting for short-term investment:
(1) method of pricing when acquiring:
short-term investments are initially recognized at costs of the actual payments after deduction of
unclaimed announced cash dividends or unclaimed due debenture interests or relevant tax and
expenses. when acquiring the short-term investments used to cancel out the liabilities by the
debtors in the liabilities reorganization, their values of pass entries are confirmed based on the
book values of credit receivable; the short-term investments transferred-in from the non-monetary
transactions, their values of pass entries are confirmed based on the book values of transferred-out
assets.
(2) appropriation to short-term investment falling price reserve:
short-term investments falling price reserve is appropriated and adjusted as per the lower amount
between the cost and market closing price at the interim end and period-end.
appropriation of reserve for losses from falling price is calculated and confirmed as per the
individual item of investments.
(3) recognition of earnings from short-term investments:
investment earnings of short-term investments are recognized while being disposed. the cash
dividends gained from sharing in the holding period are used to charge against and reduce the
investment cost or relevant items receivable.
8. accounting for bad account:
concept of bad debt: when the debtor declares dissolved or bankruptcy, yet the debts still failed to
full reclaim by means of liquidation of assets; when the debtor legally recognized dead, the debts
can be reclaimed neither with heritage discharged nor with compulsory undertaker; or when the
debtor is not able to pay off in time and with slim possibility can the debt be reclaimed. such bad
debts should be confirmed by the management of the company for counteracting preparation for
bad debts.
adopting the allowance basis for calculation. losses from accounts receivable (including accounts
receivable and other receivables) are estimated and expensed as per the aging analysis basis
together with individual cognizance basis at the end of period. the individual cognizance basis shall
be applicable to accounts receivable with substantial balance, receivables due from related parties
and receivables due from national key projects. during such analysis, the company estimates and
provides designated bad debts provision for them after comprehensively considering issues such as
aging analysis, finance and operation and cash flow status of debtor, recovery progress in current
period and thereafter.
shanghai automation instrumentation co., ltd. interim report 2006
27
aging analysis basis
accounting age proportion of appropriation of bad debts
provision for accounts receivable (%)
proportion of appropriation of
bad debts provision for other
receivables (%)
within one year (including one
year) 6 6
one to two years 25 25
two to three years 40 40
three to four years 70 70
four to five years 90 90
over five years 100 100
9. accounting method of inventories:
(1)inventories are classified into: raw materials, processing products, finished products and etc.
(2) pricing method of gaining and issuing inventories:
in the daily calculation pricing when gaining inventories is as per the actual cost; when issuing
inventories, pricing in the manufacture industry is as per the plan cost basis. at the end of the
month, the cost difference that should be amortized as per the plan cost of various kinds of
inventories issued in the manufacture industry.
(3) amortization of cheap consumption goods and packaging materials:
they are made in one lump sum to the cost and fees.
(4) inventory system of inventories:
adopting perpetual inventory system. at interim end and year end, the company will conduct a
comprehensive check on inventories, and charge the inventory profits/losses, or losses deriving
from inventory damages to current profit and loss account.
(5) depreciation of inventory falling price reserves:
after taking stock completely at the interim end and year end, for the inventories whose net
realizable value is lower than their cost due to the reasons of damage, obsolescent technology, or
decreasing market price etc., inventory falling price reserves is appropriated and adjusted as per
the lower amount between the cost of inventories and net realizable value.
10. accounting method of long-term investments:
(1) method of pricing when acquiring: when acquiring the long-term equity investments, pricing is
as per the original investment cost, including relevant taxes and handling expenses etc.. when
acquiring the equity investments used to cancel out the liabilities by the debtors in the liabilities
reorganization, their values of pass entries are confirmed based on the book values of credit
receivable; the equity investments transferred-in from the non-monetary transactions, their values
of pass entries are confirmed based on the book values of transferred-out assets.
(2) accounting method of long-term equity investments:
those long-term equity investments that are not controlled or jointly controlled by invested units or
have no significant influence, are calculated by adopting the cost method; those long-term equity
investments that are controlled or jointly controlled by the invested units or have significant
influence, are calculated by adopting the equity method.
the difference by which the initial investment cost exceeds the investee’s net assets proportional to
the size of the equity investment as per the equity method is amortized averagely as per
investment term if the investment term is regulated in the contract; it is amortized averagely as per
10 years if the investment term is not regulated in the contract. the difference by which the initial
investment cost is lower than the investee’s net assets proportional to the size of the equity
investment should be reckoned in capital reserve (equity investment reserves) if it occurred after
mar.,2003. the equity investment difference resulting from new investment shall be in accordance
with document ref. caikuai [2004] no.3 of mof.
(3) accounting method of long term investment in creditor’s rights:
shanghai automation instrumentation co., ltd. interim report 2006
28
at the interim end and year end, interests are appropriated as per the interest rate regulated in the
contract or bonds par interest rate and at the same time, the premium or discount of bonds
investments is amortized as per the straight-line method.
if the interests appropriated are unable to be drew back at their expiration, the company stops
calculating the interests and charges against the interests originally appropriated.
(4) appropriation of long-term investments depreciation reserves:
at the interim end and year end, long-term investments depreciation reserves are appropriated as
per the balance of estimated recoverable amount’s lowering than the book values of long-term
investments.
long-term investments depreciation reserves are calculated and confirmed as per the individual
investment item.
11. pricing of fixed assets, depreciation method and appropriation of depreciation reserves:
(1) pricing of fixed assets and depreciation method: fixed assets indicate the tangible assets
related to production, labor service, lease and operation with the use terms exceeding one year
and relatively high unit value.
the initial measurement of fixed assets upon acquisition is made at their actual cost, and
depreciation of fixed assets is appropriated by adopting the straight-line method (average year
method) at the month following that in which such fixed assets reach the expected usable status.
the estimated net rate of scrap value, usable life and depreciation rates for each category of fixed
assets are as follows:
category estimated useful life
(in years)
estimated net rate of
scrap value（%）
depreciation rate
（%）
buildings and constructions 20-44 5% 2.16%-4.75%
machinery equipment 10-20 5% 4.75%-9.5%
transportation facilities 5-12 5% 7.92%-19%
land 50 -- 2%
fixed assets fitment 5 -- 20%
improvements for fixed assets leased
in operational basis 5 -- 20%
others 4-10 5% 9.5%-23.75%
(2) pricing of acquiring of fixed assets:
in the daily calculation, pricing is in compliance with the pricing principle of actual cost.
when gaining the fixed assets used to cancel out the liabilities by the debtors in the liabilities
reorganization, their values of pass entries are confirmed based on the book values of credit
receivable; the fixed assets transferred-in from the non-monetary transactions, their values of pass
entries are confirmed based on the book values of transferred-out assets.
for the fixed assets leased in a financing basis, their values of pass entries are confirmed as per
the lower amount between the original book values of lease assets on the start date of lease and
current value of the lowest lease payment amount. if the financing lease assets take exactly or
lower than 30% of the total amount of assets of the enterprise, then their values of pass entries are
confirmed as per the lowest lease payment amount.
(3) depreciation of fixed assets is appropriated in classification by adopting average year method.
depreciation rate is confirmed as per category of fixed assets, estimated usable life and estimated
net rate of scrap value.
depreciation of the expenses for fixed assets fitment which is in compliance with the capitalization
provisions is solely appreciated as per the shorter term between the two fitment’s interval and the
still usable terms of fixed assets by adopting reasonable method while depreciation of the
improvement expenditure for fixed assets leased in operational basis is solely appreciated as per
the shorter term between the rest lease terms and still usable terms of leased assets by adopting
reasonable method.
shanghai automation instrumentation co., ltd. interim report 2006
29
the fixed assets leased in a financing basis are depreciated over still usable terms of leased assets
when it is able to reliably confirm that the ownership of leased assets shall be acquired at the
expiration of leasehold or over the shorter term between the leasehold and still usable term of
leased assets when it is unable to reliably confirm whether the ownership of leased assets shall be
acquired at the expiration of leasehold or not. the expenses for fitment of fixed assets leased in a
financing basis are solely depreciated as per the shortest term among the two fitment’s interval, the
rest leaseholds and still usable terms of fixed assets by adopting reasonable method if they are in
compliance with the capitalization provisions.
(4) appropriation of fixed assets depreciation reserves:
at the interim end and year period, for the fixes asserts whose recoverable amount is lower than
their book value due to the reasons of continuously decreasing market price, obsolescent
technology, mangled entity and leaving unused for long time etc., their depreciation reserves are
appropriated as per the balance of estimated recoverable amount’s lowering than their book values.
fixed assets depreciation reserves are appropriated as per the individual item of assets.
12. accounting method of projects in progress:
(1) pricing method when acquiring:
the company calculates the actual cost of engineering in classification based on the registered
projects. the engineering projects in progress are calculated after being transferred into fixed
assets when they reach the estimated usable status. for those that are still not completed and
settled, they are transferred as per the assessment value and are adjusted after the procedures of
completion and settlement being completed.
(2) appropriation of constructions in progress depreciation reserves:
at the interim end and year end, for the constructions in progress that are stopped construction for
long time and estimated not to be started again in the next three years or the constructions in
progress whose performance and technology is backward and that bring great uncertainties to the
economic benefits of the enterprise, constructions in progress depreciation reserves are
appropriated.
constructions in progress depreciation reserves are appropriated as per individual project.
13. accounting method of intangible assets:
(1) pricing method when acquiring: passing through accounts as per the actual cost when
acquiring the intangible assets.
when acquiring the intangible assets used to cancel out the liabilities by the debtors in the liabilities
reorganization, their values of pass entries are confirmed based on the book values of credit
receivable; the intangible assets transferred-in from the non-monetary transactions, their values of
pass entries are confirmed based on the book values of transferred-out assets.
(2) amortization method: adopting the straight-line method. in both of relevant contracts and laws,
only one party regulates the earnings year or valid year, amortizing averagely as per the term not
exceeding the regulated year; if the term is regulated in both, amortizing averagely as per the lower
amount; if the term is not regulated in either, amortizing averagely as per the term not exceeding
10 years.
(3) appropriation of intangible assets depreciation reserves:
at the interim end and year end, for the intangible assets whose profit creating capability suffers
significant disadvantageous influence or falling value is unable to be recovered as expected due to
the replacement by other new technologies and large falling market price, intangible assets
depreciation reserves are appropriated as per the balance of estimated recoverable amount’s
lowering than their book values.
intangible assets depreciation reserves are appropriated as per individual asset.
14. amortization method of organization expenses and long-term deferred expenses:
(1) transferred amortization method for organization expenses: being reckoned into gains and
losses in one-off during the month of starting production and operation.
shanghai automation instrumentation co., ltd. interim report 2006
30
(2) amortization method for other long-term deferred expenses: amortizing averagely in the
benefits period.
15. borrowing cost
(1) confirming principle of capitalization of loan expenses:
accessorial expenses of special loans are capitalized before the assets purchased and constructed
reaching the estimated usable status. if the amount is relatively small, they are directly reckoned
into the gains and losses in the period.
the interests of special loans, amortization of premium and discount and exchange balance start
being capitalized when meeting the following three situations at the same time: assets expenditure
has started; loan expenses have started; purchase and construction activities necessary for making
assets reach the usable status have started.
when the projects of assets purchased and constructed happen abnormal suspension for
successive three months or more, the loan expenses are suspended in capitalization. when the
projects of assets purchased and constructed reach the estimated usable status, the loan
expenses are stopped in capitalization.
when partial projects in the assets purchased and constructed are completed respectively and can
be used separately, the loan expenses of this part of assets are stopped in capitalization.
the loan expenses of ordinary loans and the loan expenses of special loans that are not in
compliance with the provisions of capitalization are both reckoned into the gains and losses of the
happening period.
(2) capitalization period of loan expenses:
amount of capitalization of loan expenses is calculated as per the quarter.
(3) confirming method for capitalization amount of loan expenses of special loans
capitalization amount of interests per fiscal period=weighted average amount of accumulated
expenditure for purchasing and constructing fixed assets ended the end of the period*weighted
average interest rate of loans.
the company permits the accessorial expenses and exchange balance from capitalization to be
directly capitalized as per the actual accrued amount.
16. contingencies:
contingent liabilities will only be recognized when the following requirements are met
simultaneously:
(1) the liabilities are certain present obligations of the company;
(2) it is very probable that a transfer of economic benefits will be required to settle the obligation;
(3) a reliable estimate can be made of the amount of the obligation.
17. revenue recognition
(1) sales of goods: the company has transferred the important risks and remuneration of
commodities ownership to the buyers; the company no longer implements continuous
management right and actual control right over these commodities and the economic benefits
related to transactions can inpour into the enterprise; when the relevant revenue and cost can be
measured reliably, the company confirms the realization of operating income.
(2) provision of labor service: if the provision of labor service is started and completed in the same
year, the company confirms the realization of revenue from labor service when the labor service is
provided and the company has received the payments or has gained the gist of receiving the
payments; if the start and completion of labor service belongs to difference fiscal year, the
company confirms the relevant revenue from labor service as per the completion percentage
method on the balance sheet date under the situation that the results of transaction of providing
labor service can be estimated reliably.
(3) release of use right of assets: it is confirmed as revenue as per the provisions in contract or
agreement when the economic benefits related to transactions can inpour into the enterprise and
the amount of revenue can be measured reliably.
shanghai automation instrumentation co., ltd. interim report 2006
31
18. accounting disposal method for income tax:
adopting the taxes payable method.
19. consolidation scope and basis of preparation of consolidated financial statements
(1) the consolidated accounting statements are prepared according to temporary provision of
consolidated accounting statements and relevant documents based on individual accounting
statement of parent company and subsidiaries brought into the consolidated scope and other
materials. however, the company did not include those subsidiaries with special principle activities
or relative small scale in the consolidation scope according to the document ref. caikuai erzi [1996]
no.2—reply letter on request concerning consolidation scope of consolidated statements
issued by mof. in the consolidation, the company cancels out the interior equity investments,
ownership’s rights and interests of subsidiaries and interior investment earnings with profit
distribution of subsidiaries, interior transactions and interior credit and liabilities respectively and
adjusts the consolidated surplus public reserve.
(2) the accounting policies and accounting disposal methods adopted by parent companies and
subsidiaries have no material difference.
20. changes in principle accounting policies and accounting estimates and corrections in significant
accounting errors:
(1) change in accounting policies
in the report period, no change event of principle accounting policies occurred.
(2) change in accounting estimates
in the report period, no change event of principle accounting estimates occurred.
(3) corrections in significant accounting errors:
in the report period, no corrections in significant accounting errors occurred.
iii. taxation:
1. major taxes and tax rates of the company are:
taxes tax bases tax rates
value-added tax added value 17％
operating tax 5％
corporate income tax taxable income 15%－33％
iv. controlled subsidiaries and associated enterprises:
unit: rmb yuan
equity proportion
name registered (%)
address
legal
representative
registered
capital
business
scope investment
amount direct indirect
consolidated
or not
shanghai
shenyou
electrical
equipment co.,
ltd.
73, caobao
road
shen
guoyuan
300,000
（usd）
production
and sales of
low-voltage
control
cabinet,
control panel,
associated
devices and
parts
200,000
（usd） 66.67% y
shanghai automation instrumentation co., ltd. interim report 2006
32
shanghai
seiko spring
co. ltd.
1258,
zhongshan
road n.
le jiamin 80,000,000
（yen）
production
and sales of
hair springs
and provision
of aftermarket
services
60,000,000
（yen） 75% y
shanghai
microlink
electronics
co. ltd.
1599, yanan
road w. le jiamin 7,100,000
（usd）
production
and sales of
computers
and small
control
system,
5,325,000(rmb)
75% y
shanghai
automation
instrumentation
real estate
development
co., ltd.
3f., building
no.2, 1421,
beijing road
w
chen
zhaobao 5,000,000(rmb)
real estate
development,
management,
domestic
decoration,
construction
materials and
relevant labor
provision
5,000,000(rmb)
100% y
shanghai zijiui
measuring
instrument co.,
ltd.
2550,
waiqingsong
highway
ru hanshen 630,000(rmb)
production of
mechanical
and
electronic
measuring
instruments
and device;
after-market
service
420,000(rmb) 66.67% y
shanghai
jinbo flex part
co., ltd.
219,
yuanguang
road
cheng
minghua 1,000,000(rmb)
production
and
processing of
flex parts for
instruments
and related
whole set
instruments
and relevant
after-market
service
750,000(rmb) 75% y
during the report period, no substantial change of consolidated scope occurred.
v. notes to the consolidated statements:
1. monetary capital:
unit: rmb yuan
june 30, 2006 december 31, 2005
item
foreign
amount
exchange
rate
rmb amount
(yuan)
foreign
amount
exchange
rate rmb amount (yuan)
cash / / 362,067.06 / / 403,948.83
bank deposits / / 74,873,361.80 / / 90,816,037.39
including:usd 4,597.73 7.9956 36,761.61 4,597.73 8.0702 37,104.60
other monetary
funds / / 4,426,482.72 / / 2,243,914.69
total / / 79,661,911.58 / / 93,463,900.91
2. short-term investment:
shanghai automation instrumentation co., ltd. interim report 2006
33
(1) classification of short-term investment:
unit: rmb yuan
december 31, 2005 june 30, 2006
item
book balance
falling
price
reserves
net book
amount
book
balance
falling
price
reserves
net book
amount
total
market
value at
the end of
period
total stock right
investment 451,381.76 51,233.81 400,147.95 579,295.16 579,295.16 598,792.42
including：stock
investment 451,381.76 51,233.81 400,147.95 579,295.16 579,295.16 598,792.42
total 451,381.76 51,233.81 400,147.95 579,295.16 579,295.16 598,792.42
(2) short-term stock investment:
unit: rmb yuan
name qty balance unit market price at
period-end total market value at period-end net carrying
amount
g
yuyuan 40,817 404,575.98 10.26 418,782.42 404,575.98
g
leiming 26,000 140,839.18 5.32 138,320.00 140,839.18
boc 11,000 33,880.00 3.79 41,690.00 33,880.00
total 77,817 579,295.16 / 598,792.42 579,295.16
3. note receivable:
(1) classification of notes
unit: rmb yuan
classification of note june 30, 2006 december 31, 2005
bank acceptance 3,597,117.00 4,467,190.31
trade acceptance
total 3,597,117.00 4,467,190.31
4. dividends receivable:
unit: rmb yuan
item december 31, 2005 decrease in the period june 30, 2006
dividends due from associated
companies 272,946.85 60,516.87 212,429.98
total 272,946.85 60,516.87 212,429.98
5. accounts receivable：
(1) aging analysis:
unit: rmb yuan
june 30, 2006 december 31, 2005
age book balance book balance
amount percentage
(%)
bad debt provision
amount percentage
(%)
bad debt provision
within 1
year 255,157,457.76 38.98 4,940,098.76 196,528,993.36 33.40 4,940,098.76
1-2 years 53,056,339.60 8.11 5,774,032.10 48,912,585.67 8.31 5,774,032.10
2-3 years 24,360,067.18 3.72 6,564,153.23 23,172,333.65 3.94 6,564,153.23
3-4 years 18,475,230.79 2.82 13,310,183.58 19,895,629.64 3.38 13,310,183.58
4-5 years 14,622,579.77 2.23 11,752,711.53 13,900,668.62 2.36 11,752,711.53
over 5
years 288,903,834.38 44.14 288,160,851.91 286,010,923.23 48.61 285,080,128.83
total 654,575,509.48 100.00 330,502,031.11 588,421,134.17 100.00 327,421,308.03
shanghai automation instrumentation co., ltd. interim report 2006
34
(2) change in bad debt provision for accounts receivable:
unit: rmb yuan
decrease in the period
item initial balance increase in the
period transfer-outs total
ending balance
bad debt provision 327,421,308.03 3,586,876.54 506,153.46 506,153.46 330,502,031.11
(3) particulars about the accumulative total amount of accounts receivable owed by the top 5
debtors
unit: rmb yuan
june 30, 2006 december 31, 2005
amount percentage (%) amount percentage (%)
total amount of
accounts
receivable owed
by top 5 debtors
and proportion
177,137,911.29 27.06 172,009,142.69 29.23
(4) in accounts receivable at the period-end, there were no arrears from the shareholding
companies holding over 5% (including 5%) of the company’s voting-bearing shares.
6. other receivables:
(1) aging analysis:
unit: rmb yuan
june 30, 2006 december 31, 2005
book balance age book balance
amount percentage
(%)
bad debt provision
amount percentage
(%)
bad debt provision
within 1 year 45,902,234.25 29.11 1,465,017.14 26,577,159.88 17.79 1,465,017.14
1-2 years 19,959,076.23 12.66 8,854,137.77 18,845,030.74 12.62 8,854,137.77
2-3 years 3,728,685.69 2.36 2,076,011.66 3,894,769.26 2.61 2,076,011.66
3-4 years 2,596,089.41 1.65 2,309,403.00 2,844,101.67 1.90 2,309,403.00
4-5 years 6,450,658.96 4.09 5,918,761.00 6,556,435.86 4.39 5,918,761.00
over 5 years 79,030,847.43 50.13 78,253,572.42 78,253,572.42 60.69 78,253,572.42
total 157,667,591.97 100.00 98,876,902.99 136,971,069.83 100.00 98,876,902.99
(2) changes in bad debt provision for other receivables:
unit: rmb yuan
item initial balance end balance
bad debt provision 98,876,902.99 98,876,902.99
(3) particulars about total amount of other receivables owed by the top 5 debtors:
unit: rmb yuan
june 30, 2006 december 31, 2005
amount percentage (%) amount percentage (%)
total amount of
accounts
receivable owed by
top 5 debtors and
proportion
40,411,463.65 25.63 37,741,219.20 27.55
shanghai automation instrumentation co., ltd. interim report 2006
35
(4) in other receivables at the period-end, there were no arrears from the shareholding companies
holding over 5% (including 5%) of the company’s voting-bearing shares.
7. prepayments
(1) aging analysis
unit: rmb yuan
june 30, 2006 december 31, 2005
age
amount percentage (%) amount percentage (%)
within 1 year 48,500,904.42 91.76 99,065,008.58 95.98
1-2 years 2,711,160.92 5.13 4,136,379.59 4.01
2-3 years 1,645,810.63 3.11 10,531.77 0.01
total 52,857,875.97 100.00 103,211,919.94 100.00
(2) in prepayments at the period-end, there were no arrears from the shareholding companies
holding over 5% (including 5%) of the company’s voting-bearing shares.
8. inventory:
(1) classification of inventory:
unit: rmb yuan
june 30, 2006 december 31, 2005
item
book balance falling price
reserves
net book
amount book balance falling price
reserves
net book
amount
raw
material 77,985,585.86 6,505,312.63 71,480,273.23 71,801,199.29 6,747,364.21 65,053,835.08
semifinished
products
81,697,740.63 10,075,256.95 71,622,483.68 80,402,886.22 10,075,256.95 70,327,629.27
in-stock 90,094,542.89 8,606,405.79 81,488,137.10 90,407,638.11 8,697,896.82 81,709,741.29
total 249,777,869.38 25,186,975.37 224,590,894.01 242,611,723.62 25,520,517.98 217,091,205.64
9. expenses to be apportioned:
unit: rmb yuan
type december 31,
2005
increase in the
period
amount amortized in the
period
june 30,
2006
newspaper subscription
expenses 75,771.98 3,900.38 37,885.99 41,786.37
insurance 30,190.64 66,983.08 60,855.57 36,318.15
rent 92,190.00 276,570.00 276,570.00 92,190.00
others 188,045.71 30,202.55 157,843.16
total 198,152.62 535,499.17 405,514.11 328,137.68
10. long-term investment:
(1)classification of long-term stock right investment:
unit: rmb yuan
item december 31,
2005
increase in the
period
decrease in the
period june 30, 2006
stock investment 1,925,008.66 1,925,008.66
investment in subsidiaries 78,834,274.62 4,144,887.81 544,622.40 82,434,540.03
other stock right investment 18,570,068.80 22,196.96 18,547,871.84
stock right investment difference 108,116.00 108,116.00
total 99,437,468.08 4,144,887.81 566,819.36 103,015,536.53
less: provision of depreciation of
long-term investment 7,626,926.25 7,626,926.25
total net amount of long-term stock
right investment 91,810,541.83 / / 95,388,610.28
shanghai automation instrumentation co., ltd. interim report 2006
36
(2) long-term stock investment:
unit: rmb yuan
name of investee type of
share
qty of
shares
shareholding proportion of
registered capital of
investee (%)
investment
amount
net book
amount
bank of communications
legal
person
share
150,210 <5% 198,252.00 198,252.00
shanghai chlorine alkali chemicals
co., ltd.
legal
person
share
77,000 <5% 310,000.00 310,000.00
shanghai sva it industry co., ltd.
legal
person
share
303,400 <5% 966,756.66 966,756.66
jinlin highway development co., ltd.
legal
person
share
150,000 <5% 450,000.00 450,000.00
total / 680,610 / 1,925,008.66 1,925,008.66
(3) other long-term stock right investment:
unit: rmb yuan
1) particulars about investment in subsidiaries, jvs and associate companies:
name of investee
relation with
parent
company
proportion
in registered
capital of
invested
unit (%)
investment cost balance at year
beginning
increase/decrease
amount in equity of
the period
cash
dividends
received
accumulated
increase/decreased
balance at period
end
dahua-chino
instrument shanghai
associate
company 50 5,805,000.00 8,973,651.01 349,431.94 3,409,966.95 9,323,082.95
shanghai hailong
fluid control
technology co.ltd.
associate
company 44.50 691,205.00 1,057,490.28 -68,865.00 297,420.28 988,625.28
shanghai shangziyi
instrument machinery
manufacturing
co.ltd.
associate
company 44.44 400,000.00 0 -131,726.54 -531,726.54 -131,726.54
shanghai xinfen
instrument connector
assembly co.ltd.
associate
company 43.33 544,622.40 -544,622.40 0 0
shanghai yokogawa
electromagnetic
equipment co., ltd.
associate
company 40 12,973,203.00 27,852,740.23 3,308,808.99 18,188,346.22 31,161,549.22
shanghai shangziyi
adjuster co.ltd.
associate
company 40 400,000.00 713,510.49 -200,854.38 112,656.11 512,656.11
shanghai shengyi
instrument
transformer co.ltd.
associate
company 40 320,000.00 374,523.96 7,400.47 61,924.43 381,924.43
shanghai ziyi no. 9
instrument co., ltd.
associate
company 40.32 1,000,000.00 2,549,612.49 57,484.97 -100,000 1,507,097.46 2,507,097.46
shanghai shangziyi
rotate speed meter
electromagnetic
equipment co., ltd.
associate
company 40 680,000.00 1,786,988.03 -108,389.26 998,598.77 1,678,598.77
shanghai
kangmaosheng air
controlled parts co.,
ltd.
associate
company 40 5,395,394.00 22,172,546.96 1,333,819.27 18,110,972.23 23,506,366.23
shanghai
kangmaosheng
automatic control
co., ltd.
associate
company 40 6,952,680.00 6,952,680.00 -116,804.99 -116,804.99 6,835,875.01
shanghai microlink
laundry co., ltd.
associate
company 20 1,579,603.00 0 -141,371.49 -1,720,974.49 -141,371.49
chino testing control
equipment (kunshan)
co., ltd.
associate
company 20 2,648,640.00 3,022,376.28 245,274.56 619,010.84 3,267,650.84
shanghai shangyi
international trade
co., ltd.
associate
company 49 2,450,000.00 2,941,648.49 -289,320.73 202,327.76 2,652,327.76
2) other stock right investment
shanghai automation instrumentation co., ltd. interim report 2006
37
name of investee proportion in registered capital of
invested unit (%)
december 31,
2005
june 30,
2006
sk transformer co., ltd. 12.22 6,860,961.99 6,860,961.99
shanghai siemens industry
automation co., ltd. 10 2,398,080.00 2,398,080.00
others 5.00-100.00 9,311,026.81 9,288,829.85
3) provision of depreciation of stock right investment:
unit: rmb yuan
provision of depreciation
name of investee
december 31, 2005 june 30, 2006
others 7,626,926.25 7,626,926.25
(4) stock right investment difference:
unit: rmb yuan
name of investee december 31, 2005 june 30, 2006
dahua-chino instrument shanghai 108,116.00 108,116.00
total 108,116.00 108,116.00
11. fixed assets:
unit: rmb yuan
item
december 31,
2005
increase in the
period
decrease in the
period june 30, 2006
i. total fixed assets purchase
value 323,890,846.75 4,548,686.52 8,724,904.08 319,714,629.19
including: houses and buildings 57,920,289.95 57,920,289.95
machinery equipments 134,078,699.87 2,610,369.01 408,941.13 136,280,127.75
electronic equipment
transportation equipment 20,718,721.28 1,339,290.00 617,132.32 21,440,878.96
land 23,197,017.50 23,197,017.50
fixed assets fitment 469,810.00 85,137.00 554,947.00
improvements for fixed assets
leased in operational basis 16,734,128.89 16,734,128.89
others 70,772,179.26 513,890.51 7,698,830.63 63,587,239.14
ii. total accumulated deprecation 177,317,050.77 7,954,040.37 6,528,682.66 178,742,408.48
including: houses and buildings 23,722,166.98 894,245.76 24,616,412.74
machinery equipments 86,661,740.86 3,171,942.42 180,785.56 89,652,897.72
electronic equipment
transportation equipment 10,898,460.75 721,245.84 485,601.76 11,134,104.83
land 1,307,195.50 279,727.86 1,586,923.36
fixed assets fitment 82,442.84 34,176.91 116,619.75
improvements for fixed assets
leased in operational basis 5,391,269.87 1,095,735.59 6,487,005.46
others 49,253,773.97 1,756,965.99 5,862,295.34 45,148,444.62
iii. total net value fixed assets 146,573,795.98 140,972,220.71
including: houses and buildings 34,198,122.97 33,303,877.21
machinery equipments 47,416,959.01 46,627,230.03
electronic equipment
transportation equipment 9,820,260.53 10,306,774.13
land 21,889,822.00 21,610,094.14
fixed assets fitment 387,367.16 438,327.25
improvements for fixed assets
leased in operational basis 11,342,859.02 10,247,123.43
shanghai automation instrumentation co., ltd. interim report 2006
38
others 21,518,405.29 18,438,794.52
iv. total fixed assets depreciation
provision 21,950,900.24 1,794,071.90 20,156,828.34
including: houses and buildings 8,140,057.53 8,140,057.53
machinery equipments 6,452,286.85 6,452,286.85
electronic equipment
transportation equipment 791,717.10 791,717.10
land 6,566,838.76 1,794,071.90 4,772,766.86
v. total fixed assets net amount 124,622,895.74 120,815,392.37
including: houses and buildings 26,058,065.44 25,163,819.68
machinery equipments 40,964,672.16 40,174,943.18
electronic equipment
transportation equipment 9,028,543.43 9,515,057.03
land 21,889,822.00 21,610,094.14
fixed assets fitment 387,367.16 438,327.25
improvements for fixed assets
leased in operational basis 11,342,859.02 10,247,123.43
others 14,951,566.53 13,666,027.66
12. project material:
unit: rmb yuan
item december 31, 2005 increase in the period decrease in the period june 30, 2006
project material 33,126.97 3,655.34 29,471.63
total 33,126.97 3,655.34 29,471.63
13. project in progress:
unit: rmb yuan
june 30, 2006 december 31, 2005
item book balance provision of
depreciation
net book
amount book balance provision of
depreciation
net book
amount
project in
progress 8,104,495.33 5,469,152.07 2,635,343.26 6,726,482.43 5,469,152.07 1,257,330.36
(1) changes in project in-progress:
unit: rmb yuan
name of project december 31, 2005 increase in the period june 30, 2006
dcp screen 523,639.00 523,639.00
others 649,935.76 1,299,576.90 1,949,512.66
equipment purchase 83,755.60 3,236.00 86,991.60
technical renovations 59,403.10 75,200.00 134,603.10
dual-reinforcement calibration 131,878.72 131,878.72
accident sequence recorder 2,378,485.90 2,378,485.90
imported graphic plotter 2,899,384.35 2,899,384.35
total 6,726,482.43 1,378,012.90 8,104,495.33
(2) provision of depreciation of project in-progress:
unit: rmb yuan
name of project december 31, 2005 june 30, 2006
technical renovations 59,403.10 59,403.10
dual-reinforcement calibration 131,878.72 131,878.72
accident sequence recorder 2,378,485.90 2,378,485.90
imported graphic plotter 2,899,384.35 2,899,384.35
total 5,469,152.07 5,469,152.07
shanghai automation instrumentation co., ltd. interim report 2006
39
14. fixed assets arranged for disposal:
unit: rmb yuan
item december 31, 2005 increase in the period decrease in the period june 30, 2006
fixed assets disposal 11,843.32 11,843.32
total 11,843.32 11,843.32
15. intangible assets:
unit: rmb yuan
june 30, 2006 december 31, 2005
item book
balance
provision of
depreciation
net book
amount
book
balance
provision of
depreciation
net book
amount
intangible
assets 5,130,668.19 3,458,643.00 1,672,025.19 5,405,923.59 3,458,643.00 1,947,280.59
(1) changes in intangible assets:
unit: rmb yuan
type
means of
acquisition
december 31, 2005
increase
in the
period
amount
amortized in
the period
accumulated
amortization june 30, 2005
know-how acquisition 4,527,574.32 118,252.74 16,910,173.94 4,409,321.58
computer
software acquisition 878,349.27 4,284.00 161,286.66 978,108.54 721,346.61
total / 5,405,923.59 4,284.00 279,539.40 17,888,282.48 5,130,668.19
(2) provision of depreciation of intangible assets:
unit: rmb yuan
item december 31, 2005 increase in the period decrease in the period june 30, 2006
patent technology 3,458,643.00 3,458,643.00
total 3,458,643.00 3,458,643.00
16. long-term deferred expenses:
unit: rmb yuan
type
original accrued
amount
december 31,
2005
amount amortized
in the period
accumulated
amortization
june 30,
2006
fitment expenses
for assets leased in
operational basis
23,010,061.36 802,393.40 170,594.62 22,378,262.58 631,798.78
erp system 196,718.00 147,279.44 6,298.15 55,736.71 140,981.29
total 23,206,779.36 949,672.84 176,892.77 22,433,999.29 772,780.07
17. short-term loans:
(1) classification of short-term loans
unit: rmb yuan
item june 30, 2006 december 31, 2005
guaranteed loans 213,500,000.00 332,410,558.00
credit loans 1,552,005.53 1,511,303.22
total 215,052,005.53 333,921,861.22
shanghai automation instrumentation co., ltd. interim report 2006
40
18. accrued welfare:
unit: rmb yuan
item june 30, 2006 december 31, 2005
accrued welfare 2,641,025.19 2,593,457.52
total 2,641,025.19 2,593,457.52
19.dividends payable:
unit: rmb yuan
item june 30, 2006 december 31, 2005
shanghai instrumentation & electronics holding (group) company 4,482,460.25 4,482,460.25
natural person shareholders such as fei qilin, wu rongming and duan
fujin (minority shareholders of subsidiaries) 75,000.00 75,000.00
seiko corp. , japan (minority shareholders of subsidiaries) 126,486.77
total 4,683,947.02 4,557,460.25
20. tax payable:
unit: rmb yuan
item june 30, 2006 december 31, 2005 tax bases
vat 2,988,034.47 1,947,709.80 added value
business tax 80,383.56 1,707,916.86
corporate income tax 43,880.39 152,856.50 taxable income
city maintenance & construction tax 350,801.96 417,044.81
others 1,101,421.19 1,244,548.48
total 4,564,521.57 5,470,076.45 /
21. other levies payable:
unit: rmb yuan
item june 30, 2006 december 31, 2005 rate
education add-on 177,617.48 202,672.00
watercourse maintenance & management fee 29,143.16 45,414.47
others 96,920.12 26,182.94
total 303,680.76 274,269.41 /
22. drawing expense in advance:
unit: rmb yuan
item june 30, 2006 december 31, 2005 reason of balance
interest 120,000.00 0
rents 4,120,000.00 493,452.86
total 4,240,000.00 493,452.86 /
23. long-term debts due within one year:
unit: rmb yuan
june 30, 2006 december 31, 2005
type
currency rmb amount currency rmb amount
credit loans rmb 24,273,638.02 rmb 23,907,525.96
total / 24,273,638.02 / 23,907,525.96
shanghai automation instrumentation co., ltd. interim report 2006
41
24. long term loans payable
(1) classification of long term loans payable:
unit: rmb yuan
item june 30, 2006 december 31, 2005
entrust loans 4,700,000.00 2,700,000.00
total 4,700,000.00 2,700,000.00
(2) particulars about long term loans payable
unit: rmb yuan
item june 30, 2006 december 31, 2005
currency rmb amount currency rmb amount
entrust loans rmb 4,700,000.00 rmb 2,700,000.00
total / 4,700,000.00 / 2,700,000.00
25. special payables:
unit: rmb yuan
item june 30, 2006 december 31, 2005
entrust loans 16,893,425.91 16,293,505.91
total 16,893,425.91 16,293,505.91
26. other long-term liabilities:
unit: rmb yuan
item june 30, 2006 december 31, 2005
exchange gains/losses during initial stage 23,568.98 23,568.98
total 23,568.98 23,568.98
27. stock capital:
unit: shares
at the beginning of
period increase/decrease(+,-) at the end of period
qty proportion
(%)
stock
allotment bonus
transferred
from surplus
reserve
others subtotal qty proportion
(%)
i. non-circulating shares
1.founder’s
share 243,160,590 60.90 243,160,590 60.90
including：
stateowned
shares
207,842,149 52.05 207,842,149 52.05
shares
owned by
domestic
legal
person
35,318,441 8.85 35,318,441 8.85
share
owned by
foreign
legal
person
others
2.collected
legal
person
shares
15,306,500 3.83 15,306,500 3.83
shanghai automation instrumentation co., ltd. interim report 2006
42
3.internal
employees’
shares
4. privilege
shares and
other noncirculating
shares
total of
noncirculating
shares
258,467,090 64.73 258,467,090 64.73
ii. circulating shares
1. a shares 33,674,300 8.43 33,674,300 8.43
2. b shares
issued in
domestic
market
107,145,500 26.84 107,145,500 26.84
3. shares
issued in
overseas
market
4.others
total of
circulating
shares
140,819,800 35.27 140,819,800 35.27
iii. total
shares 399,286,890 100.00 399,286,890 100.00
28. capital reserves:
unit: rmb yuan
item december 31, 2005 increase in
the period
decrease in
the period
june 30, 2006
capital premium 74,447,223.12 74,447,223.12
receive non-cash donate reserves 152,042.00 152,042.00
equity investment reserves 613,856.67 613,856.67
foreign currency translation difference 2,850,140.00 2,850,140.00
others 144,302,878.33 144,302,878.33
total 222,366,140.12 222,366,140.12
29. profit reserves:
unit: rmb yuan
item december 31, 2005 increase in the
period
decrease in the
period june 30, 2006
statutory profit
reserve 14,229,280.41 24,853.42 14,254,133.83
statutory public
welfare 1,012,054.45 1,012,054.45
free profit reserve 10,992,856.95 1,061,761.29 12,054,618.24
reserve fund 463,038.21 54,208.62 517,246.83
enterprise expansion
fund 463,038.21 54,208.62 517,246.83
total 27,160,268.23 1,195,031.95 1,012,054.45 27,343,245.73
30. undistributed profit:
unit: rmb yuan
shanghai automation instrumentation co., ltd. interim report 2006
43
item june 30, 2006
net profit -2,037,502.08
add: undistributed profit at year beginning -515,700,824.11
others transferred in
less：accrued statutory profit reserve 24,853.42
accrued statutory welfare
accrued staff bonus and welfare fund 72,278.17
accrued reserve fund 54,208.62
accrued enterprise expansion fund 54,208.62
accrued free profit reserve 49,706.84
undistributed profit -517,993,581.86
31. non-audited investment loss:
unit: rmb yuan
item june 30, 2006 december 31, 2005
non-audited investment loss: 3,074,672.98 3,074,672.98
32. main business income and cost:
(1) sub-industry unit: rmb yuan
current period the same period of previous year
sub-industry operational
income
operational
cost
operational
income
operational
cost
device and instruments industry 461,946,641.93 377,727,660.38 376,638,724.39 293,369,321.60
total 461,946,641.93 377,727,660.38 376,638,724.39 393,369,321.60
less：offset within the group -- -- -- --
total 461,946,641.93 377,727,660.38 376,638,724.39 293,369,321.60
(2)sub-product unit: rmb yuan
current period the same period of previous year
sub-product
operational income operational cost operational income operational cost
digital control system
projects 86,409,891.78 72,670,268.90 61,634,573.79 48,157,560.77
other control system projects 68,631,304.28 61,501,193.77 45,473,448.31 39,266,224.29
instruments and devices 306,905,445.87 243,556,197.71 269,530,702.29 205,945,536.54
total 461,946,641.93 377,727,660.38 376,638,724.39 293,369,321.60
less：offset within the group -- -- -- --
total 461,946,641.93 377,727,660.38 376,638,724.39 293,369,321.60
(3) sub-area
unit: rmb yuan
current period the sub-area operational income operational cost operhaeti osnaaml ein pceormioed of porepveiroautiso nyeaal cr ost
shanghai 90,189,416.73 76,034,943.92 85,474,854.02 67,221,972.41
others 371,757,225.20 301,692,716.46 291,163,870.37 226,147,349.19
total 461,946,641.93 377,727,660.38 376,638,724.39 293,369,321.60
less：offset within the
group
-- --- -- --
total 461,946,641.93 377,727,660.38 376,638,724.39 293,369,321.60
shanghai automation instrumentation co., ltd. interim report 2006
44
33. main business taxes and add-ons:
unit: rmb yuan
item current period the same period of
previous year tax bases
city maintenance & construction tax 1,333,574.76 1,208,256.82
education fee (add-on) 647,709.53 568,475.61
others 84,046.03 21,067.11
total 2,065,330.32 1,797,799.54 /
34. profit from other business activities:
unit: rmb yuan
current period the item income cost profit incomhee same periocdo osft p revious yeparr ofit
rental 4,577,630.06 2,900,226.79 1,677,403.27 1,425,120.65 525,323.84 899,796.81
labor
service 54,086.04 54,086.04
sales of
materials 1,608,205.18 1,602,348.06 5,857.12 1,744,576.52 8,331,797.81 -
6,587,221.29
others 56,444,550.97 54,017,109.51 2,427,441.46 61,739,163.60 60,876,225.83 862,937.77
total 62,630,386.21 58,519,684.36 4,110,701.85 64,962,946.81 69,733,347.48 -
4,770,400.67
35. financial expenses:
unit: rmb yuan
item current period the same period of previous year
interest expenditure 5,414,460.57 12,384,264.50
less: interest income 452,086.74 230,970.65
loss out of currency exchange
less：profit out of currency exchange 1,623.72
others 302,742.03 104,169.81
total 5,265,115.86 12,255,839.94
36. investment income:
unit: rmb yuan
item current period the same period of
previous year
earnings from short-term investment 265,056.88 -244,158.25
including: stock investment income 213,823.07 558.95
short-term investment falling price
reserve 51,233.81 -244,717.20
earnings from long-term investment 5,357,788.19 6,774,300.05
including: earnings calculated as per equity
method 4,578,878.51 5,920,513.25
distributed profit from investees
calculated as per cost method 830,000.00 722,900.00
earnings from transfer of stock right
investment -51,090.32
other long-term investment income 130,886.80
total 5,622,845.07 6,530,141.80
37. non-operating income:
unit: rmb yuan
shanghai automation instrumentation co., ltd. interim report 2006
45
item current period the same period of
previous year
net gains from disposal of fixed assets 52,714.10 715,033.34
revenue from demolishment and relocation
compensation 1,688,074.00
penalty income 8,100.00 10,163.37
others 3,418.89 761,390.00
total 64,232.99 3,174,660.71
38. non-operating expenses:
unit: rmb yuan
item current period the same period of previous
year
fixed assets disposal caused net loss 208,809.70 301,089.81
donation 5,000.00
penalty expenses 7,602.54 25,987.02
staff home return or countryside accommodation
subsidies 32,425.70
others 4,146.48 410,918.37
total 225,558.72 770,420.90
39. income tax:
unit: rmb yuan
item current period the same period of previous
year
income tax 118,966.13 314,430.74
total 118,966.13 314,430.74
40. other cash received, amounting to rmb11,293,363.35 yuan, which is relatively large in amount
and related to business operation:
including:
item amount
received special allocation funds 600,000.00
other current accounts 10,693,363.35
41. other cash paid, amounting to rmb62,346,766.80 yuan, which is relatively large in amount and
related to business operation:
including:
item amount
management and operational expenses 58,435,678.20
others 3,911,088.60
42. other cash received, amounting to rmb276,156,386.25 yuan, which is relatively large in
amount and related to financing activities:
including:
item amount
funds received from shanghai electric (group) co., ltd. 275,500,000.00
others 656,386.25
43. other cash received, amounting to rmb140,000,000.00 yuan, which is relatively large in
amount and related to financing activities:
including:
item amount
funds paid to shanghai electric (group) co., ltd. 140,000,000.00
shanghai automation instrumentation co., ltd. interim report 2006
46
vi. notes to financial statements of parent company:
1. monetary capital:
unit: rmb yuan
june 30, 2006 december 31, 2005
item foreign
amount
exchange
rate
rmb amount
(yuan)
foreign
amount
exchange
rate
rmb amount
(yuan)
cash / / 322,008.96 / / 388,588.40
bank deposits / / 65,410,485.63 / / 80,369,715.88
including: usd 4,597.73 7.9956 36,761.61 4,597.73 8.0702 37,104.60
other monetary
funds / / 4,426,482.72 / / 2,243,914.69
total / / 70,158,977.31 / / 83,002,218.97
2. short-term investment:
(1) classification of short-term investment:
unit: rmb yuan
item december 31, 2005 june 30, 2006
book
balance
falling price
reserves
net book
amount
book
balance
falling price
reserves
net book
amount
total market value
at the end of period
total stock right
investment 451,381.76 51,233.81 400,147.95 579,295.16 579,295.16 598,792.42
including：stock
investment 451,381.76 51,233.81 400,147.95 579,295.16 579,295.16 598,792.42
total 451,381.76 51,233.81 400,147.95 579,295.16 579,295.16 598,792.42
(2) short-term stock investment:
unit: rmb yuan
name qty balance unit market price at
period-end total market value at period-end net carrying
amount
g
yuyuan 40,817 404,575.98 10.26 418,782.42 404,575.98
g
leiming 26,000 140,839.18 5.32 138,320.00 140,839.18
boc 11,000 33,880.00 3.79 41,690.00 33,880.00
total 77,817 579,295.16 / 598,792.42 579,295.16
3. note receivable:
(1) classification of notes:
unit: rmb yuan
type of note june 30, 2006 december 31, 2005
bank acceptance 2,967,117.00 3,410,463.00
trade acceptance
total 2,967,117.00 3,410,463.00
4. dividends receivable:
unit: rmb yuan
item december 31, 2005 increase in the
period
decrease in the
period june 30, 2006
dividends due from
associated companies 497,946.85 379,460.31 60,516.87 816,890.29
total 497,946.85 379,460.31 60,516.87 816,890.29
5. accounts receivable：
(1) aging analysis:
unit: rmb yuan
shanghai automation instrumentation co., ltd. interim report 2006
47
june 30, 2006 december 31, 2005
age book balance book balance
amount percentage
(%)
bad debt
provision amount percentage
(%)
bad debt
provision
within 1
year 247,261,395.14 48.18 4,789,645.58 191,367,481.50 42.56 4,789,645.58
1-2 years 52,790,389.27 10.29 5,658,221.24 48,370,546.27 10.76 5,658,221.24
2-3 years 24,020,181.22 4.68 6,435,214.79 22,809,800.45 5.07 6,435,214.79
3-4 years 18,336,090.25 3.57 13,233,464.98 19,756,588.10 4.39 13,233,464.98
4-5 years 14,470,519.77 2.82 11,615,857.53 13,748,608.62 3.06 11,615,857.53
over 5
years 156,301,849.13 30.46 156,107,167.21 153,579,885.98 34.16 153,026,444.13
total 513,180,424.78 100 197,839,571.33 449,632,910.92 100.00 194,758,848.25
(2) change in bad debt provision for accounts receivable:
unit: rmb yuan
decrease in the period
item initial balance increase in the
period transfer-outs total
ending balance
bad debt provision 194,758,848.25 3,586,876.54 506,153.46 506,153.46 197,839,571.33
(3) particulars about the accumulative total amount of accounts receivable owed by the top 5
debtors
unit: rmb yuan
june 30, 2006 december 31, 2005
amount percentage (%) amount percentage (%)
total amount of
accounts
receivable owed by
top 5 debtors and
proportion
51,931,934.00 10.12 46,289,108.00 10.29
(4) in accounts receivable at the period-end, there were no arrears from the shareholding
companies holding over 5% (including 5%) of the company’s voting-bearing shares.
6. other receivables:
(1) aging analysis:
unit: rmb yuan
june 30, 2006 december 31, 2005
age book balance book balance
amount percentage
(%)
bad debt
provision amount percentage
(%)
bad debt
provision
within 1
year 44,619,666.71 19.33 1,419,705.66 25,155,204.15 11.95 1,419,705.66
1-2 years 19,426,544.77 8.42 8,846,530.89 18,810,703.53 8.94 8,846,530.89
2-3 years 3,417,323.74 1.48 2,070,011.66 3,858,769.26 1.83 2,070,011.66
3-4 years 2,089,723.48 0.91 1,963,582.92 2,334,282.99 1.11 1,963,582.92
4-5 years 6,803,441.96 2.95 6,525,415.82 6,556,435.86 3.12 6,525,415.82
over 5
years 154,432,540.81 66.91 153,763,658.80 153,763,658.80 73.05 153,763,658.80
total 230,789,241.47 100.00 174,588,905.75 210,479,054.59 100.00 174,588,905.75
shanghai automation instrumentation co., ltd. interim report 2006
48
(2) changes in bad debt provision for other receivables:
unit: rmb yuan
item initial balance end balance
bad debt provision for other receivables 174,588,905.75 174,588,905.75
(3) particulars about total amount of other receivables owed by the top 5 debtors:
unit: rmb yuan
june 30, 2006 december 31, 2005
amount percentage (%) amount percentage (%)
total amount of
accounts
receivable owed by
top 5 debtors and
proportion
40,411,463.65 17.51 110,106,868.10 52.31
(4) in other receivables at the period-end, there were no arrears from the shareholding companies
holding over 5% (including 5%) of the company’s voting-bearing shares.
7. prepayments
(1) aging analysis
unit: rmb yuan
age june 30, 2006 december 31, 2005
amount percentage (%) amount percentage (%)
within 1 year 47,544,528.33 91.61 97,721,165.95 95.96
1-2 years 2,711,160.92 5.22 4,101,751.21 4.03
2-3 years 1,645,330.64 3.17 10,051.78 0.01
over 3 years
total 51,901,019.89 100.00 101,832,968.94 100.00
(2) in prepayments at the period-end, there were no arrears from the shareholding companies
holding over 5% (including 5%) of the company’s voting-bearing shares.
8. inventory:
(1) classification of inventory:
unit: rmb yuan
june 30, 2006 december 31, 2005
item
book balance falling price
reserves
net book
amount book balance falling price
reserves
net book
amount
raw
material 75,274,027.09 6,394,843.31 68,879,183.78 68,879,279.36 6,636,894.92 62,242,384.44
semifinished
products
79,346,903.27 9,768,679.07 69,578,224.20 78,224,362.49 9,768,679.04 68,455,683.45
in-stock 86,074,586.44 7,963,760.30 78,110,826.14 85,856,590.19 8,055,251.33 77,801,338.86
total 240,695,516.80 24,127,282.68 216,568,234.12 232,960,232.04 24,460,825.29 208,499,406.75
9. expenses to be apportioned:
unit: rmb yuan
shanghai automation instrumentation co., ltd. interim report 2006
49
type december 31,
2005
increase in the
period
amount amortized in the
period
june 30,
2006
newspaper subscription
expenses 75,771.98 3,900.38 37,885.99 41,786.37
insurance 30,190.64 66,983.08 60,855.57 36,318.15
rent
others 172,381.11 22,487.95 149,893.16
total 105,962.62 243,264.57 121,229.51 227,997.68
10. long-term investment:
(1)classification of long-term stock right investment:
unit: rmb yuan
item december 31,
2005
increase in the
period
decrease in the
period june 30, 2006
stock investment 1,925,008.66 1,925,008.66
investment in subsidiaries 14,858,597.88 287,774.13 14,570,823.75
investment in associate companies 78,834,274.62 4,144,887.81 544,622.40 82,434,540.03
other stock right investment 18,470,068.80 22,196.96 18,447,871.84
stock right investment difference 108,116.00 108,116.00
total 114,196,065.96 4,144,887.81 854,593.49 117,486,360.28
less: provision of depreciation of
long-term investment 7,626,926.25 7,626,926.25
total net amount of long-term stock
right investment 106,569,139.71 / / 109,859,434.03
(2) long-term stock investment:
unit: rmb yuan
name of investee type of
share
qty of
shares
shareholding
proportion of
registered capital
of investee (%)
balance at
period -end
balance at
period -
beginning
bank of communications
legal
person
share
150,210 <5 198,252.00 198,252.00
shanghai chlorine alkali chemicals
co., ltd.
legal
person
share
77,000 <5 310,000.00 310,000.00
shanghai sva it industry co., ltd.
legal
person
share
303,400 <5 966,756.66 966,756.66
jinlin highway development co.,
ltd.
legal
person
share
150,000 <5 450,000.00 450,000.00
total / 680,610 / 1,925,008.66 1,925,008.66
(3) other long-term stock right investment:
unit: rmb yuan
1) particulars about investment in subsidiaries, jvs and associate companies:
name of
investee
relation
with parent
company
proportion
in
registered
capital of
invested
unit (%)
investment cost balance at year
beginning
increase/decrease
amount in equity
of the period
cash
dividends
received
accumulated
increase/decreased
balance at
period end
shanghai
automation
instrumentation
real estate
development
co., ltd.
subsidiary 100 5,000,000.00 5,732,124.86 84,100.69 816,225.55 5,816,225.55
shanghai seiko
spring co. ltd. subsidiary 75 4,768,927.00 6,086,185.96 -158,352.36 -
379,460.31 779,446.29 5,548,373.29
shanghai automation instrumentation co., ltd. interim report 2006
50
shanghai jinbo
flex part co.,
ltd.
subsidiary 75 750,000.00 1,383,896.77 126,118.80 0 760,015.57 1,510,015.57
shanghai
microlink
electronics co.
ltd.
subsidiary 75 40,626,952.00 0 0 0 -40,626,952.00 0
shanghai
shenyou
electrical
equipment co.,
ltd.
subsidiary 66.67 2,228,165.00 30,049.59 34,782.37 -2,163,333.04 64,831.96
shanghai zijiui
measuring
instrument co.,
ltd.
subsidiary 66.67 420,000.00 1,626,340.70 89,036.68 -84,000.00 1,211,377.38 1,631,377.38
dahua-chino
instrument
shanghai
associate
company 50 5,805,000.00 8,973,651.01 349,431.94 3,409,966.95 9,323,082.95
shanghai
hailong fluid
control
technology
co.ltd.
associate
company 44.5 691,205.00 1,057,490.28 -68,865.00 297,420.28 988,625.28
shanghai
shangziyi
instrument
machinery
manufacturing
co.ltd.
associate
company 44.44 400,000.00 0 -131,726.54 -531,726.54 -131,726.54
shanghai xinfen
instrument
connector
assembly
co.ltd.
associate
company 43 0 544,622.40 -544,622.40 0 0
shanghai
yokogawa
electromagnetic
equipment co.,
ltd.
associate
company 40 12,973,203.00 27,852,740.23 3,308,808.99 18,188,346.22 31,161,549.22
shanghai
shangziyi
adjuster co.ltd.
associate
company 40 400,000.00 713,510.49 -200,854.38 112,656.11 512,656.11
shanghai
shengyi
instrument
transformer
co.ltd
associate
company 40 320,000.00 374,523.96 7,400.47 61,924.43 381,924.43
shanghai ziyi
no. 9 instrument
co., ltd.
associate
company 40.32 1,000,000.00 2,549,612.49 57,484.97 -
100,000.00 1,507,097.46 2,507,097.46
shanghai
shangziyi
rotate speed
meter
electromagnetic
equipment co.,
ltd.
associate
company 40 680,000.00 1,786,988.03 -108,389.26 998,598.77 1,678,598.77
shanghai
kangmaosheng
air controlled
parts co., ltd.
associate
company 40 5,395,394.00 22,172,546.96 1,333,819.27 18,110,972.23 23,506,366.23
shanghai
kangmaosheng
automatic
control co., ltd.
associate
company 40 6,952,680.00 6,952,680.00 -116,804.99 -116,804.99 6,835,875.01
shanghai
microlink
laundry co.,
ltd.
associate
company 20 1,579,603.00 0 -141,371.49 -1,720,974.49 -141,371.49
chino testing
control
equipment
(kunshan) co.,
ltd.
associate
company 20 2,648,640.00 3,022,376.28 245,274.56 619,010.84 3,267,650.84
shanghai
shangyi
international
trade co., ltd.
associate
company 49 2,450,000.00 2,941,648.49 -289,320.73 202,327.76 2,652,327.76
shanghai automation instrumentation co., ltd. interim report 2006
51
2) other stock right investment
name of investee proportion in registered capital of
invested unit (%)
period-beginning
balance
period-end
balance
sk transformer co., ltd. 12.22 6,860,961.99 6,860,961.99
shanghai siemens industry
automation co., ltd. 10 2,398,080.00 2,398,080.00
others 5.00-100.00 9,211,026.81 9,188,829.85
3) provision of depreciation of stock right investment:
name of investee provision of depreciation
december 31, 2005 december 31, 2005
others 7,626,926.25 7,626,926.25
(4) stock right investment difference:
unit: rmb yuan
name of investee december 31, 2005 june 30, 2006
dahua-chino instrument shanghai 108,116.00 108,116.00
total 108,116.00 108,116.00
11. fixed assets:
unit: rmb yuan
item december 31, 2005 increase in the
period
decrease in the
period june 30, 2006
i. total fixed assets purchase
value 310,629,995.59 4,275,805.47 8,659,904.08 306,245,896.98
including: houses and buildings 54,739,854.70 54,739,854.70
machinery equipments 129,179,459.79 2,545,229.01 408,941.13 131,315,747.67
electronic equipment
transportation equipment 17,933,675.54 1,139,781.00 552,132.32 18,521,324.22
land 23,197,017.50 23,197,017.50
fixed assets fitment 469,810.00 85,137.00 554,947.00
improvements for fixed assets
leased in operational basis 16,105,132.89 16,105,132.89
others 69,005,045.17 505,658.46 7,698,830.63 61,811,873.00
ii. total accumulated deprecation 170,163,709.51 7,496,849.88 6,524,160.97 171,136,398.42
including: houses and buildings 22,059,588.94 822,685.92 22,882,274.86
machinery equipments 84,162,670.04 2,991,528.91 180,785.56 86,973,413.39
electronic equipment
transportation equipment 9,225,404.54 598,801.22 481,080.07 9,343,125.69
land 1,307,195.50 279,727.86 1,586,923.36
fixed assets fitment 82,442.84 34,176.91 116,619.75
improvements for fixed assets
leased in operational basis 5,265,470.67 1,032,835.98 6,298,306.65
others 48,060,936.98 1,737,093.08 5,862,295.34 43,935,734.72
iii. total net value fixed assets 140,466,286.08 135,109,498.56
including: houses and buildings 32,680,265.76 31,857,579.84
machinery equipments 45,016,789.75 44,342,334.28
electronic equipment
transportation equipment 8,708,271.00 9,178,198.53
land 21,889,822.00 21,610,094.14
fixed assets fitment 387,367.16 438,327.25
improvements for fixed assets
leased in operational basis 10,839,662.22 9,806,826.24
others 20,944,108.19 17,876,138.28
iv. total fixed assets depreciation
provision 21,877,528.37 1,794,071.90 20,083,456.47
shanghai automation instrumentation co., ltd. interim report 2006
52
including: houses and buildings 8,140,057.53 8,140,057.53
machinery equipments 6,416,392.65 6,416,392.65
electronic equipment
transportation equipment 754,239.43 754,239.43
land 6,566,838.76 1,794,071.90 4,772,766.86
v. total fixed assets net amount 118,588,757.71 115,026,042.09
including: houses and buildings 24,540,208.23 23,717,522.31
machinery equipments 38,600,397.10 37,925,941.63
electronic equipment
transportation equipment 7,954,031.57 8,423,959.10
land 21,889,822.00 21,610,094.14
fixed assets fitment 387,367.16 438,327.25
improvements for fixed assets
leased in operational basis 10,839,662.22 9,806,826.24
others 14,377,269.43 13,103,371.42
12. project material:
unit: rmb yuan
item december 31, 2005 increase in the period decrease in the period june 30, 2006
project material 33,126.97 3,655.34 29,471.63
total 33,126.97 3,655.34 29,471.63
13. project in progress:
unit: rmb yuan
item june 30, 2006 december 31, 2005
book balance provision of
depreciation net book amount book balance provision of
depreciation net book amount
project in
progress 8,014,717.09 5,469,152.07 2,545,565.02 6,642,726.83 5,469,152.07 1,173,574.76
(1) changes in project in-progress:
unit: rmb yuan
name of project december 31, 2005 increase in the period june 30, 2006
dcp screen 523,639.00 523,639.00
others 649,935.76 1,296,790.26 1,946,726.02
technical renovations 59,403.10 75,200.00 134,603.10
dual-reinforcement calibration 131,878.72 131,878.72
accident sequence recorder 2,378,485.90 2,378,485.90
imported graphic plotter 2,899,384.35 2,899,384.35
total 6,642,726.83 1,371,990.26 8,014,717.09
(2) provision of depreciation of project in-progress:
unit: rmb yuan
name of project december 31, 2005 june 30, 2006
technical renovations 59,403.10 59,403.10
dual-reinforcement calibration 131,878.72 131,878.72
accident sequence recorder 2,378,485.90 2,378,485.90
imported graphic plotter 2,899,384.35 2,899,384.35
total 5,469,152.07 5,469,152.07
shanghai automation instrumentation co., ltd. interim report 2006
53
14. fixed assets arranged for disposal:
unit: rmb yuan
item december 31, 2005 increase in the period decrease in the period june 30, 2006
fixed assets disposal 11,843.32 11,843.32
total 11,843.32 11,843.32
15. intangible assets:
unit: rmb yuan
june 30, 2006 december 31, 2005
item
book balance provision of
depreciation
net book
amount book balance provision of
depreciation
net book
amount
intangible
assets 5,130,668.19 3,458,643.00 1,672,025.19 5,405,923.59 3,458,643.00 1,947,280.59
(1) changes in intangible assets:
unit: rmb yuan
type
means of
acquisition
december 31, 2005
increase
in the
period
amount
amortized in
the period
accumulated
amortization june 30, 2005
know-how acquisition 4,527,574.32 118,252.74 16,910,173.94 4,409,321.58
computer
software acquisition 878,349.27 4,284.00 161,286.66 978,108.54 721,346.61
total / 5,405,923.59 4,284.00 279,539.40 17,888,282.48 5,130,668.19
(2) provision of depreciation of intangible assets:
unit: rmb yuan
item december 31, 2005 increase in the period decrease in the period june 30, 2006
patent technology 3,458,643.00 3,458,643.00
total 3,458,643.00 3,458,643.00
16. long-term deferred expenses:
unit: rmb yuan
type
original accrued
amount
december
31, 2005
amount
amortized in
the period
accumulated
amortization
june 30,
2006
fitment expenses for assets
leased in operational basis 23,010,061.36 802,393.40 170,594.62 22,378,262.58 631,798.78
erp system 196,718.00 147,279.44 6,298.15 55,736.71 140,981.29
total 23,206,779.36 949,672.84 176,892.77 22,433,999.29 772,780.07
17. short-term loans:
(1) classification of short-term loans
unit: rmb yuan
item june 30, 2006 december 31, 2005
guaranteed loans 213,500,000.00 322,000,000.00
credit loans 1,552,005.53 1,511,303.22
total 215,052,005.53 323,511,303.22
18. accrued welfare:
shanghai automation instrumentation co., ltd. interim report 2006
54
unit: rmb yuan
item june 30, 2006 december 31, 2005
accrued welfare 49,560.15 71,398.95
total 49,560.15 71,398.95
19. dividends payable:
unit: rmb yuan
item june 30, 2006 december 31, 2005
shanghai instrumentation & electronics holding (group) company 4,482,460.25 4,482,460.25
total 4,482,460.25 4,482,460.25
20. tax payable:
unit: rmb yuan
item june 30, 2006 december 31, 2005 tax bases
vat 2,567,402.50 1,737,576.85
business tax 59,079.78 1,695,583.93
city maintenance & construction tax 347,083.67 410,897.31
others 1,087,070.49 1,276,888.03
total 4,060,636.44 5,120,946.12 /
21. other levies payable:
unit: rmb yuan
item june 30, 2006 december 31, 2005 rate
education add-on 174,020.77 198,868.78
watercourse maintenance & management fee 27,367.18 43,921.85
others 96,920.12 26,182.94
total 298,308.07 268,973.57 /
22. drawing expense in advance:
unit: rmb yuan
item june 30, 2006 december 31, 2005 reason of balance
rents 4,120,000.00 493,452.86
interest 120,000.00 0
total 4,240,000.00 493,452.86 /
23. long-term debts due within one year:
unit: rmb yuan
june 30, 2006 december 31, 2005
type
currency rmb amount currency rmb amount
credit loans rmb 24,273,638.02 rmb 23,907,525.96
total / 24,273,638.02 / 23,907,525.96
24. long term loans payable
(1) classification of long term loans payable:
unit: rmb yuan
item june 30, 2006 december 31, 2005
entrust loans 4,700,000.00 2,700,000.00
total 4,700,000.00 2,700,000.00
shanghai automation instrumentation co., ltd. interim report 2006
55
(2) particulars about long term loans payable
unit: rmb yuan
item june 30, 2006 december 31, 2005
currency rmb amount currency rmb amount
entrust loans rmb 4,700,000.00 rmb 2,700,000.00
total / 4,700,000.00 / 2,700,000.00
25. special payables:
unit: rmb yuan
item june 30, 2006 december 31, 2005
entrust loans 16,893,425.91 16,293,505.91
total 16,893,425.91 16,293,505.91
26. stock capital:
unit: shares
at the beginning of period increase/decrease(+,-) at the end of period
qty proportion
(%)
stock
allotment bonus transferred from
surplus reserve others subtotal qty proportion
(%)
i. non-circulating shares
1.founder’s
share 243,160,590.00 60.90 243,160,590.00 60.90
including：
state-owned
shares 207,842,149.00 52.05 207,842,149.00 52.05
shares
owned by
domestic
legal person
35,318,441.00 8.85 35,318,441.00 8.85
share owned
by foreign
legal person
others
2.collected
legal person
shares
15,306,500.00 3.83 15,306,500.00 3.83
3.internal
employees’
shares
4. privilege
shares and
other noncirculating
shares
total of noncirculating
shares
258,467,090.00 64.73 258,467,090.00 64.73
ii. circulating shares
1. a shares 33,674,300.00 8.43 33,674,300.00 8.43
2. b shares
issued in
domestic
market
107,145,500.00 26.84 107,145,500.00 26.84
3. shares
issued in
overseas
market
4.others
total of
circulating
shares
140,819,800.00 35.27 140,819,800.00 35.27
iii. total
shares 399,286,890.00 100.00 399,286,890.00 100.00
shanghai automation instrumentation co., ltd. interim report 2006
56
27. capital reserves:
unit: rmb yuan
item december 31, 2005 increase in the
period
decrease in
the period june 30, 2006
capital premium 74,447,223.12 74,447,223.12
receive non-cash donate reserves 152,042.00 152,042.00
equity investment reserves 613,856.67 613,856.67
foreign currency translation difference 2,850,140.00 2,850,140.00
others 144,302,878.33 144,302,878.33
total 222,366,140.12 222,366,140.12
28. profit reserves:
unit: rmb yuan
item december 31, 2005 increase in the
period
decrease in the
period june 30, 2006
statutory profit
reserve 11,352,636.30 11,352,636.30
statutory public
welfare 699,704.10 699,704.10
free profit reserve 10,715,185.97 699,704.10 11,414,890.07
total 22,767,526.37 699,704.10 699,704.10 22,767,526.37
29. undistributed profit:
unit: rmb yuan
item june 30, 2006
net profit -1,952,497.59
add: undistributed profit at year beginning -511,308,082.25
others transferred in
less：accrued statutory profit reserve
accrued statutory welfare
undistributed profit -513,260,579.84
30. main business income and cost:
(1) sub-industry
unit: rmb yuan
current period the same period of previous year
sub-industry operational
income
operational
cost
operational
income
operational
cost
device and instruments industry 435,460,763.87 359,183,899.54 348,995,588.14 274,626,427.58
total 435,460,763.87 359,183,899.54 348,995,588.14 274,626,427.58
(2) sub-product
unit: rmb yuan
current period the same period of previous year
sub-product
operational income operational cost operational income operational cost
digital control system
projects 86,409,891.78 72,670,268.90 61,634,573.79 48,157,560.77
other control system projects 68,631,304.28 61,501,193.77 45,473,448.31 39,266,224.29
instruments and devices 280,419,567.81 225,012,436.87 241,887,566.04 187,202,642.52
total 435,460,763.87 359,183,899.54 348,995,588.14 274,626,427.58
less：offset within the group -- -- -- --
total 435,460,763.87 359,183,899.54 348,995,588.14 274,626,427.58
shanghai automation instrumentation co., ltd. interim report 2006
57
(3) sub-area
unit: rmb yuan
current period the same period of previous year
sub-area
operational income operational cost operational income operational cost
shanghai 79,554,736.79 68,815,005.44 73,307,089.16 58,729,060.08
others 355,906,027.08 290,368,894.10 275,688,498.98 215,897,367.50
total 435,460,763.87 359,183,899.54 348,995,588.14 274,626,427.58
less：offset within the
group
-- -- -- --
total 435,460,763.87 359,183,899.54 348,995,588.14 274,626,427.58
31. main business taxes and add-ons:
unit: rmb yuan
item current period the same period of
previous year tax bases
city maintenance & construction tax 1,307,561.13 1,180,146.37
education fee (add-on) 623,443.11 545,964.09
others 36,697.43 15,752.68
total 1,967,701.67 1,741,863.14 /
32. profit from other business activities:
unit: rmb yuan
current period the same period of previous year
item
income cost profit income cost profit
rental 1,272,979.74 265,973.81 1,007,005.93 669,474.30 432,898.42 236,575.88
labor
service
1,517,677.85 1,515,979.83 1,698.02 1,648,068.59 8,260,619.79
-
6,612,551.20
sales of
materials
56,192,243.97 53,982,122.51 2,210,121.46 59,933,040.13 58,954,436.20 978,603.93
others 54,051.00 54,051.00
total 58,982,901.56 55,764,076.15 3,218,825.41 62,304,634.02 67,647,954.41
-
5,343,320.39
33. financial expenses:
unit: rmb yuan
item current period the same period of previous year
interest expenditure 5,370,934.63 9,984,986.75
less: interest income 422,703.78 199,060.58
loss out of currency exchange 0 1,623.73
less：profit out of currency exchange
others 292,537.72 93,247.83
total 5,240,768.57 9,877,550.27
34.investment income:
unit: rmb yuan
shanghai automation instrumentation co., ltd. interim report 2006
58
item current period the same period of
previous year
earnings from short-term investment 265,056.88 -244,185.25
including: stock investment income 213,823.07 558.95
short-term investment falling price
reserve
51,233.81 -244,717.20
earnings from long-term investment 5,518,474.37 7,305,965.53
including: earnings calculated as per equity
method
4,739,564.69 6,583,065.53
distributed profit from investees
calculated as per cost method
830,000.00 722,900.00
earnings from transfer of stock right
investment
-51,090.32
total 5,783,531.25 7,061,807.28
35. non-operating income:
unit: rmb yuan
item current period the same period of
previous year
net gains from disposal of fixed assets 52,714.10 669,000.34
penalty and indemnity income 8,100.00 10,163.37
revenue from demolishment and relocation
compensation 1,688,074.00
others 3,418.89 760,350.00
total 64,232.99 3,127,587.71
36. non-operating expenses:
unit: rmb yuan
item current period the same period of previous year
fixed assets disposal caused net loss 177,807.82 301,089.81
donation 5,000.00
penalty expenses 7,602.54 25,227.49
staff home return or countryside accommodation
subsidies 32,425.70
others 4,146.48 320,918.37
total 194,556.84 679,661.37
vii. related parties and their transactions:
1. profile of related parties with controlling relations
name of company registered address principal activities
relationship
with the
company
economic nature
or type
legal
representative
shanghai electric
(group) co., ltd. 110, sichuan rd.m., shanghai
general contract projects of power generation
engineering, projects of complete or individual
equipment, international labor service, industry
investment, manufacture and marketing of
electromechanical products and equipment in
related industry, provision of relevant technical
consultation and training for projects both home
and abroad, authorized state-owned assets
operation and management, as well as domestic
trading (under permission if franchise required)
state-owned
relative
holding
company
state-owned
enterprise(nonincorporated
legal
entity)
wang chenming
shanghai automation instrumentation co., ltd. interim report 2006
59
shanghai shenyou
electrical
equipment co., ltd.
73,caobao rd., shanghai production and sales of low-voltage control cabinet,
control panel, associated devices and parts subsidiary joint venture shen guoyun
shanghai microlink
electronics co.
ltd.
1599, yanan road
w.,shanghai
production and sales of computers and small
control system, provision of after sales services subsidiary joint venture le jiamin
shanghai zijiui
measuring
instrument co., ltd.
2550, waiqingsong highway,
qingpu, shanghai
production of mechanical and electronic measuring
instruments and device; after-market service subsidiary limited liability
company ru hanshen
shanghai seiko
spring co. ltd.
1258, zhongshan road n.,
shanghai
production and sales of hair springs and provision
of after sales services subsidiary joint venture le jiamin
shanghai
automation
instrumentation
real estate
development co.,
ltd.
rm.368, 555, qingyun rd.,
shanghai
real estate development, management, domestic
decoration, construction materials and relevant
labor provision
wholly-owned
subsidiary
company limited
by shares chen zhaobao
shanghai jinbo
flex part co., ltd. 219, yunguang rd., shanghai
production and processing of flex parts for
instruments and related whole set instruments and
relevant after-market service
subsidiary limited liability
company cheng minghua
2. registered capital and its changes of related parties with controlling relations:
unit: rmb yuan
name of related party december 31,
2005
increase/decrease in the
period june 30, 2006
shanghai electric (group) co., ltd. 4,730,680,000 4,730,680,000
shanghai shenyou electrical equipment co.,
ltd.
300,000(usd) 300,000(usd)
shanghai microlink electronics co. ltd. 7,100,000(usd) 7,100,000(usd)
shanghai zijiui measuring instrument co., ltd. 630,000 630,000
shanghai seiko spring co. ltd. 80,000,000(yen) 80,000,000(yen)
shanghai automation instrumentation real
estate development co., ltd.
5,000,000 5,000,000
shanghai jinbo flex part co., ltd. 1,000,000 1,000,000
3. shares (equity) held by related parties with controlling relations and its changes
company december 31, 2005 june 30, 2006
amount ％ amount ％
shanghai instrumentation &
electronics holding (group)
company
115,196,400(rmb) 28.85 0 0
shanghai electric (group) co., ltd. 0 0 115,196,400(rmb) 28.85
shanghai shenyou electrical
equipment co., ltd.
200,000(usd) 66.67 200,000(usd) 66.67
shanghai microlink electronics co.
ltd.
5,325,000 (usd) 75 5,325,000 (usd) 75
shanghai zijiui measuring instrument
co., ltd.
420,000(rmb) 66.67 420,000(rmb) 66.67
shanghai seiko spring co. ltd. 60,000,000 (yen) 75 60,000,000 (yen) 75
shanghai automation
instrumentation real estate
development co., ltd.
5000000(rmb) 100 5000000(rmb) 100
shanghai jinbo flex part co., ltd. 750,000 (rmb) 75 750,000 (rmb) 75
shanghai automation instrumentation co., ltd. interim report 2006
60
4. profile of related parties without controlling relations:
name relation
microlink usa other
shanghai microlink laundry co., ltd. associate company
shanghai hailong fluid control technology co.ltd. associate company
shanghai yuanquan instrument co., ltd. associate company
shanghai showa communication electronics co.ltd associate company
shanghai shengyi instrument transformer co.ltd. associate company
shanghai ziyi no. 9 instrument co., ltd. associate company
shanghai shangziyi instrument machinery manufacturing co.ltd. associate company
shanghai shangziyi rotate speed meter electromagnetic equipment co., ltd. associate company
shanghai xinfen instrument connector assembly co.ltd. associate company
shanghai shangziyi adjuster co.ltd. associate company
shanghai yokogawa electromagnetic equipment co., ltd. associate company
shanghai shangyi international trade co., ltd. associate company
dahua-chino instrument shanghai associate company
shanghai siemens industry automation co., ltd. associate company
shanghai kangmaosheng air controlled parts co., ltd. associate company
sk transformer co., ltd. associate company
shanghai fu’an industrial automation co., ltd. other
shanghai measuring & cutting tool works other
shanghai erfangji co., ltd. other
shanghai textile machinery plant other
shanghai far east card clothing co., ltd. other
shanghai miniature bearing plant other
shanghai united electric machinery (group) co., ltd. other
shanghai cable plant co., ltd. other
shanghai air blower plant co., ltd. other
shanghai electric machinery (group) co., ltd. experimental electric furnace plant other
shanghai vacuum pump plant other
shanghai shuguang machinery manufacture plant other
shanghai hoisting & transportation plant co., ltd. other
sec (group) import & export corp. other
sec (group) valve assembly co., ltd. other
shanghai institute of machine building technology other
shanghai grumman fire control equipment co., ltd. other
shanghai woma-dalong ultra-high pressure equipment co., ltd. other
schenck-shanghai testing machinery corporation ltd other
shanghai zhengsheng forging co., ltd. other
shanghai xinya metallurgical equipment co., ltd. other
shanghai heavy duty machine tool works other
shanghai chaoqun non-destruction measurement equipment co., ltd. other
shanghai no.5 machine tool foundry other
shanghai no.1 machine tool works other
shanghai pacific textile machinery & assembly co., ltd. other
shanghai high-strength bolt plant other
shanghai institute of bearing technology other
shanghai institute of bearing technology other
shanghai automation instrumentation co., ltd. interim report 2006
61
shanghai dushi green engineering co., ltd other
shanghai lubricating equipment plant other
shanghai sifang boiler plant other
shanghai dalong machinery co., ltd. other
shanghai samduk-qifangji textile machinery co., ltd. other
5. related parties transactions:
(1) purchase of goods from related parties:
1）transaction scale:
unit: rmb yuan
related party
six months ended
jun.30th, 2006
six months ended
jun.30th, 2005
shanghai yuanquan instrument co., ltd. 135,456.24
shanghai shangziyi adjuster co.ltd. 16,547.00 1,396,502.09
shanghai shengyi instrument transformer
co.ltd. 1,067,549.03 498,149.57
shanghai shangziyi rotate speed meter
electromagnetic equipment co., ltd. 346,715.20 284,316.24
shanghai yokogawa electromagnetic
equipment co., ltd.
145,801.71
dahua-chino instrument shanghai 34,700.85 337,391.45
shanghai ziyi no. 9 instrument co., ltd. 70,942.74
shanghai shangyi international trade co., ltd. 8,552,682.93 3,556,684.10
2）pricing basis: all purchases of the company from related parties were priced according to
market pricing standard.
(2) sales of commodities to related parties:
① transaction scale
unit: rmb yuan
related party
six months ended
jun.30th, 2006
six months ended
jun.30th, 2005
shanghai hailong fluid control technology co.ltd. 3,282.05
shanghai yuanquan instrument co., ltd. 105,692.31
shanghai shangziyi rotate speed meter
electromagnetic equipment co., ltd. 45,014.12 64,900.00
dahua-chino instrument shanghai 18,238.46
shanghai shangziyi adjuster co.ltd. 44,167.41 52,384.79
shanghai shangyi international trade co., ltd. 898,885.25 1,351,824.12
shanghai kangmaosheng air controlled parts co., ltd. 76,606.84
shanghai siemens industry automation co., ltd. 302,880.00
sec 16,580,000.00
shanghai xinya metallurgical equipment co., ltd. 934.20
shanghai heavy duty machine tool works 2,649.58
shanghai textile machinery plant 13,076.92
shanghai air blower plant co., ltd. 3,361.02
shanghai chaoqun non-destruction measurement 260,385.47
shanghai automation instrumentation co., ltd. interim report 2006
62
equipment co., ltd.
shanghai no.5 machine tool foundry 384.62
shanghai no.1 machine tool works 1,017.95
shanghai woma-dalong ultra-high pressure equipment
co., ltd. 28,904.27
shanghai pacific textile machinery & assembly co., ltd. 43,888.49
shanghai high-strength bolt plant 1,162.40
shanghai institute of bearing technology 555.56
shanghai dushi green engineering co., ltd 5,982.90
shanghai lubricating equipment plant, 12,981.21
shanghai sifang boiler plant 59,846.14
shanghai dalong machinery co., ltd. 31,600.88
shanghai anderson greenwood crosby valve co., ltd. 32,726.49
shanghai institute of machine building technology 205.13
shanghai grumman fire control equipment co., ltd. 13,803.43
shanghai samduk-qifangji textile machinery co., ltd. 1,230.76
2）pricing basis and transaction price differences:
all sales of the company to related parties were priced according to market pricing standard and
purchase or sales contracts (agreements) were signed with the related parties.
(3) other incomes and expenditures in connection with related parties:
1) calibration fee from related parties in the report period:
unit: rmb yuan
related party amount
shanghai ziyi no. 9 instrument co., ltd. 1,873,515.00
shanghai yokogawa electromagnetic equipment co., ltd. 201,94.00
2）fixed assets rental from related parties in the report period：
unit: rmb yuan
related party amount
shanghai shangziyi rotate speed meter electromagnetic
equipment co., ltd. 329,157.12
6. related parties receivables and payables:
unit: rmb yuan
item related party period-beginning
balance period-end balance
account receivable microlink usa 130,555,264.69 130,555,264.69
account receivable shanghai yokogawa electromagnetic equipment
co., ltd.
150,000.00 151,284.00
account receivable shanghai ziyi no. 9 instrument co., ltd. 864,000.73 912,355.18
account receivable shanghai microlink laundry co., ltd. 10,909.83
account receivable dahua-chino instrument shanghai 167.00 426.00
account receivable shanghai shangyi international trade co., ltd. 528,899.75 986,231.34
account receivable shanghai shangziyi rotate speed meter
electromagnetic equipment co., ltd.
2,270.00 41,224.50
account receivable shanghai hailong fluid control technology co.ltd. 38,508.00
account receivable shanghai kangmaosheng air controlled parts co.,
ltd. 2,700.00
account receivable shanghai shengyi instrument transformer co.ltd. 29,790.00
account receivable shanghai siemens industry automation co., ltd. 381,102.00
shanghai automation instrumentation co., ltd. interim report 2006
63
account receivable sec group 929,434.00
account receivable sec 13,160,000.00
account receivable shanghai fu’an industrial automation co., ltd. 5,415.00 5,415.00
account receivable shanghai fu’an industrial automation co., ltd. 6,058.40
account receivable shanghai far east card clothing co., ltd. 300.00
account receivable shanghai miniature bearing plant 97,356.34 97,356.34
account receivable shanghai united electric machinery (group) co.,
ltd.
10,000.00 10,000.00
account receivable shanghai air blower plant co., ltd. 2,621.60 178,092.33
account receivable shanghai electric machinery (group) co., ltd.
experimental electric furnace plant
29,999.97 29,999.97
account receivable shanghai vacuum pump plant 15,400.00 15,400.00
account receivable shanghai shuguang machinery manufacture plant 164,558.27 164,558.27
account receivable shanghai hoisting & transportation plant co., ltd. 17,950.00 17,950.00
account receivable sec (group) import & export corp. 898,126.50 228,982.50
account receivable sec (group) valve assembly co., ltd. 96,340.00 96,340.00
account receivable shanghai grumman fire control equipment co.,
ltd.
6,460.00
account receivable shanghai woma-dalong ultra-high pressure
equipment co., ltd.
2,811.80 12,009.80
account receivable schenck-shanghai testing machinery corporation
ltd
28,617.40
account receivable shanghai zhengsheng forging co., ltd. 16,700.00 16,700.00
account receivable shanghai chaoqun non-destruction measurement
equipment co., ltd. 134,351.00
account receivable shanghai pacific textile machinery & assembly
co., ltd. 28,375.75
account receivable shanghai sifang boiler plant 39,013.75
account receivable shanghai institute of machine building technology 100.00
account receivable shanghai dalong machinery co., ltd. 2,013.00
account receivable shanghai relay co., ltd. 90,081.99
account receivable shanghai shangyi international trade co., ltd. 1,062,466.80
other receivables shanghai shangziyi rotate speed meter
electromagnetic equipment co., ltd.
4,353,205.74 3,788,205.74
other receivables shanghai shangyi international trade co., ltd. 4,830,816.21 4,830,816.21
other receivables shanghai microlink laundry co., ltd. 3,488,638.06 3,742,331.74
other receivables shanghai shengyi instrument transformer co.ltd. 78,767.50 115,065.75
other receivables shanghai shangziyi adjuster co.ltd. 734,003.10 327,428.73
other receivables shanghai hailong fluid control technology co.ltd. 6,653.80 12,229.20
other receivables shanghai yokogawa electromagnetic equipment
co., ltd.
820,943.33
other receivables shanghai siemens industry automation co., ltd. 275,855.86 275,855.86
other receivables shanghai kangmaosheng air controlled parts co.,
ltd.
75,822.59
account payable shanghai hailong fluid control technology co.ltd. 1,299,246.66 1,403,706.66
account payable shanghai shengyi instrument transformer co.ltd. 60,922.00 67,022.00
account payable shanghai ziyi no. 9 instrument co., ltd. 300,816.00
account payable shanghai shangziyi adjuster co.ltd. 559,283.39 152,320.00
account payable shanghai shangyi international trade co., ltd. 399,373.43
account payable shanghai yokogawa electromagnetic equipment
co., ltd.
51,462.50 141,182.00
account payable shanghai shangziyi rotate speed meter
electromagnetic equipment co., ltd.
126,749.00 180,402.00
account payable dahua-chino instrument shanghai 21,000.00 31,000.00
account payable shanghai microlink laundry co., ltd. 26,700.00
shanghai automation instrumentation co., ltd. interim report 2006
64
deposit received shanghai shangziyi adjuster co.ltd. 212,498.73 216,968.73
deposit received shanghai measuring & cutting tool works 240.00
deposit received shanghai textile machinery plant 257.40
deposit received shanghai cable plant co., ltd. 2,500.00 2,500.00
deposit received shanghai institute of machine building technology 500.00
other payables shanghai shengyi instrument transformer co.ltd. 482,960.50
other payables shanghai ziyi no. 9 instrument co., ltd. 48,831.85 210,435.73
other payables shanghai xinfen instrument connector assembly
co.ltd.
8,632.49 9,152.50
other payables sec group 49,000,000.00 184,437,500.00
viii. contingencies:
1.significent lawsuits and arbitrations－microlink usa
in prior years, the company filed a lawsuit against microlink usa, mr. cai xiexiu, mr. gui haojie
and other 3 related enterprises of microlink usa for repayment of a receivable, which together with
interest and penalty amounted to usd 31 million.
the federal district court of north district, california, usa made the official judgment on nov.19th,
2001(usa time), ruling that mr. gui haojie and 4 corporate defendants were liable for joint and
several liabilities. therefore they should compensate the company for a total amount as of
usd22.262million and bear all expenses in litigation of the company.
the federal district court of north district, california, usa made the verdict in bankruptcy case of
mr. cai xiexiu on dec.2nd, 2002(usa time), which said that mr. cai xianxiu should not exempt
from the debt amounting to usd19.38 million.
the above significant lawsuit was duly disclosed on dec.16th, 2002.
since no reliable estimate can be made towards the result of the above execution procedures, the
estimated revenue has not been provided for by the group.
as of the date of this report, dorsey & whitney - american & international lawyers firm and the
company have still been conducting the execution of the above verdicts
ix. commitments:
there’s no commitment event which is required to disclose involved with this group for the report
period ended june, 30th, 2006.
x. post balance sheet events:
there’s no post balance sheet event involved with this group for the report period ended june, 30th,
2006.
xi. miscellaneous:
in order to properly settle loans and interests incurred due to the icbc, shanghai electric (group)
co., ltd., the ultimate shareholder of the company had compensated the icbc with its own real
property located at the new gonghe road and relevant land-use right, and at the same time
assumed the debts amounting to rmb275,500,000 on behalf of the company. this event was
approved by the 16th shareholder’s general meeting (the 1st shareholder’s meeting of 2006) on
feb.15th, 2006.
shanghai automation instrumentation co., ltd. interim report 2006
65
viii reference
i. the financial statements sealed and signed by the legal representative, cfo and person in
charge of accounting organ.
ii. the originals of all the company’s documents and public bulletins released in the
newspapers defined by china securities regulation committee within the reporting period.
iii. articles of association of shanghai automation instrumentation co., ltd.
iv. the company retained original copies of the above documentation in office. when the
csrc and sse ask for presentation or shareholders require reviewing according to law,
regulation or article of associations, the company will provide in time.
xu wei
chairman of the board of directors of
shanghai automation instrumentation company limited
august 25th, 2006
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