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特力A(000025)公告正文

特 力B:2011年第一季度报告全文(英文版)

公告日期:2011-04-25

    Shenzhen Tellus Holding Co., Ltd.                               First Quarterly Report 2011 (Full Text)



                               Shenzhen Tellus Holding Co., Ltd.
                                        The First Quarterly Report 2011
                                                  (Full Text)
§1. Important Notes
1.1 Board of Directors and the Supervisory Committee of Shenzhen Tellus Holding Co., Ltd.
(hereinafter referred to as the Company) and its directors, supervisors and senior executives hereby
confirm that there are no any fictitious statements, misleading statements, or important omissions
carried in this report, and shall take all responsibilities, individual and/or joint, for the reality,
accuracy and completion of the whole contents.
1.2 The First Quarterly Financial Report of 2011 has not been audited by CPAs.
1.3 Zhang Ruili, Principal of the Company; Fu Bin, Person in Charge of Accounting Works; Ke
Wensheng, Person in Charge of Accounting Organ(Accounting Supervisor) hereby confirm that the
Financial Report of the First Quarterly Report is true and complete.
§2. Company Profile
2.1 Main accounting highlights and financial indexes
                                                                                           Unit: RMB
                                                                                         Changes of
                                         At the end of the     At the period-end of
                                                                                      increase/decrease
                                            report period          the last year
                                                                                             (%)
Total assets (RMB)                            592,709,964.48        599,555,953.28               -1.14%
Owners’ equity attributable to
shareholders of the listed company            175,784,924.01        175,274,602.44                0.29%
(RMB)
Share capital (Share)                         220,281,600.00        220,281,600.00                0.00%
Net asset per share attributable to
shareholders of listed company                          0.798                   0.796             0.25%
(RMB/Share)
                                                                                         Changes of
                                                               The same period of
                                        In the report period                          increase/decrease
                                                                     last year
                                                                                             (%)
Total operating income (RMB)                   97,328,500.70        109,939,790.76              -11.47%
Net       profit     attributable    to
shareholders of the listed company                362,129.57          -1,204,071.61            130.08%
(RMB)
Net cash flow arising from operating
                                               -5,889,244.87         -15,324,645.40              61.57%
activities (RMB)
Net cash flow arising from operating
                                                         -0.03                  -0.07            57.14%
activities per share (RMB/Share)
Basic       earnings       per    share
                                                       0.0016                -0.0055           129.09%
(RMB/Share)
Diluted      earnings       per   share
                                                       0.0016                -0.0055           129.09%
(RMB/Share)
Weighted average return on equity
                                                       0.21%                  -0.71%              0.92%
(%)
Weighted average return on equity
after deducting non-recurring gains                    0.21%                  -0.81%              1.02%
and losses (%)



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    Shenzhen Tellus Holding Co., Ltd.                               First Quarterly Report 2011 (Full Text)



  Items of non-recurring gains and losses
√ Applicable □ Inapplicable
                                                                                            Unit: RMB
                                                                                          Remarks (If
       Items of non-recurring gains and losses                  Amount
                                                                                          applicable)
Other non-operating income and expenditure except
                                                                          -2,164.91
for the aforementioned items
                          Total                                           -2,164.91           -
2.2 Total number of shareholders at the end of the report period and shares held by the top
ten shareholders with unrestricted conditions
                                                                                           Unit: Share
     Total number of shareholders
                                                                                                  17,869
      at the end of report period
   Particulars about the shares held by the top ten tradable shareholders with unrestricted conditions
                                        Amount of tradable shares with
       Full name of shareholder          unrestricted conditions held at          Type of shares
                                            the end of report period
SHENZHEN SDG CO., LTD.                                      131,283,504 RMB ordinary shares
ZENG WEI MEI                                                  1,075,092 RMB ordinary shares
CHEN YIN ZHU                                                    995,875 RMB ordinary shares
                                                                         Domestically listed foreign
LING FENG YUAN                                                  782,244
                                                                         shares
LIAN XIU ZHEN                                                   656,129 RMB ordinary shares
ZENG YOU QUAN                                                   560,071 RMB ordinary shares
THE FISRT SHANGHAI                                                       Domestically listed foreign
                                                                464,678
SECURITIES CO., LTD.                                                     shares
CHEN HONG YUN                                                   461,240 RMB ordinary shares
YE YING                                                         440,000 RMB ordinary shares
LI LV YE                                                        437,918 RMB ordinary shares


§3. Significant Events
3.1 Particulars about material changes in items of main accounting statement and financial
index, and explanations of reasons
√Applicable         □Inapplicable




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     Shenzhen Tellus Holding Co., Ltd.                                    First Quarterly Report 2011 (Full Text)



                                End of this           End of last    Changes
             Item                                                                             Reasons
                                  period                period        scope
Account paid in                                                                Increase of the account paid for
                               16,519,063.35        10,212,371.68    61.76%
advance                                                                        vehicle purchased in advance
Other account
                               25,231,005.05        13,743,165.24    83.59% Increase of the current account
receivable
Account received in                                                            Settlement procedures on
                                   812,842.77         1,838,938.58   -55.80%
advance                                                                        account received in advance

                                This report         Same period of   Changes
             Item                                                                             Reasons
                                  period              last year       scope
                                                                           Income from non-current assts
Non-operating income                     8,315.09      173,645.46    -95.21%
                                                                            disposal in last year
                                                                           mainly due to the decrease of
Net profit                         380,683.38          -727,179.74 152.35% expenses, and growth of
                                                                           investment income
Other comprehensive                                                        Changes of the value of shares
                                 148,192.00             -82,386.95 279.87%
income                                                                     of China Merchants
Net value of cash flow
                                                                           More current account paid in
arising from operating        -5,889,244.87 15,324,645.40 61.57%
                                                                           last year
activities
Net value of cash flow                                                     More cash paid for fixed assets
arising from investing          -258,380.40     -405,049.15 36.21% purchased and construction in
activities                                                                 last year
Net value of cash flow
                                                                           No bank loans occurred in the
arising from financing        -5,666,111.67    1,908,135.93 396.94%
                                                                           year
activities
 3.2 Analysis and explanation of significant events and their influence and solutions
 3.2.1 Particular about Qualified Opinion
 □Applicable           √Inapplicable
 3.2.2 Particular about fund offered to shareholder or its related parties by the Company and
 external guarantee with procedure violation
 □Applicable           √Inapplicable
 3.2.3 Particular about the significant contract of routine operation signed and implemented
 □Applicable           √Inapplicable
 3.2.4 Other
 √Applicable               □Inapplicable
 The Company actively answers the requirement on standardized the internal control system for
 enterprise from Shenzhen Securities Regulatory, the Company accords great importance to the
 construction work on internal control and completely performed the work. In the report period,
 progress of the construction on internal control standardized as: the “Implementation on Work Plan
 of Basic Regulation of Internal Control for Enterprise” have been deliberated and approved by the
 Board and been disclosed dated April 15; set up the standardize team for internal control and main
 participating members have been selected; plan out the work schedule for the construction of
 internal control and definite major task in every phases; the external consultancy institution
 appointment is in the process of option.

 3.3 Implementations of commitments by the Company, shareholders and actual controller
 Commitments make within the report period or persisted to the period by listed company and its



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    Shenzhen Tellus Holding Co., Ltd.                                  First Quarterly Report 2011 (Full Text)



director, supervisor and senior executives, shareholder with over 5 percent shares held and its actual
controller
√Applicable               □Inapplicable

     Item of Commitments                Promisee          Content of commitments           Implementation
                                                   During the share merger reform of
                                                   the Company, commitments made
                                                   by non-tradable shareholder—SDG
                                                   as : 1. Commitment s on lock-up
                                                   period
                                                   (1) In accordance with the
                                                   Management Method on Share
                                                   Merger Reform of Listed Company,
                                                   SDG will perform the statutory
                                                   commitment duty complied with
                                                   relevant laws and regulations.
                                                   (2) Except the abovementioned
                                                   statutory commitments, special
                                                   commitments are made by SDG as:
                                                   Selling no shares of Tellus (shares of
                                                   equity incentive for management
                                                   excluded) on Shenzhen Stock
                                                   Exchange within 36 months since
                                                   the date of implementation of
                                                   reform plan.
                                                   (3) The management will perform
                                        Shenzhen   the statutory commitment duty
Commitments          for      Share                                                       Under the
                                        SDG Co.,   complied with relevant laws and
Merger Reform                                                                             implementation
                                          Ltd.     regulations.
                                                   (4) Commitments from SDG:”
                                                   Concerning the losses suffered by
                                                   other shareholders resulted from no
                                                   implementation or incompleteness
                                                   commitment by the promiser, the
                                                   promiser will pay the losses. ”
                                                   (5) Statement from SDG as:” the
                                                   promiser will implement the
                                                   commitment faithfully and bear
                                                   relevant law obligations. The
                                                   promiser will transfer no shares held
                                                   unless the transferee has the ability
                                                   to bear the obligations and gains the
                                                   consent from transferee. ”
                                                   2. Special commitment for incentive
                                                   plan
                                                   No more than 10 percent of the total
                                                   shares that held by SDG after share
                                                   merger reform were used for equity
                                                   incentive in management for the
                                                   purpose of long-term incentive on


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    Shenzhen Tellus Holding Co., Ltd.                           First Quarterly Report 2011 (Full Text)



                                            core managers and core business
                                            personnel. Selling the shares to
                                            management in three years with the
                                            price of the net assets per share in
                                            latest auditing conducted. Before the
                                            incentive plan, the management
                                            should pay the risk liability fund to
                                            the Company in advance with the 20
                                            percent of the predicted sales price
                                            every year. The risk liability fund
                                            should not be return if the
                                            management finished no
                                            performance assignment that
                                            regulated by the Board and the
                                            Company shares the fund.
                                            Restriction and incentive plan of the
                                            acquisition condition and risk
                                            liability fund were regulated by the
                                            Board and submitted for approval in
                                            relevant department. The
                                            implementation of the equity
                                            incentive plan should comply with
                                            relevant regulations and laws. The
                                            trading condition should comply
                                            with the relevant regulations of the
                                            Shenzhen Stock Exchange.
                                            3. Relevant expenses for the share
                                            merger reform should paid by SDG.
Commitments made in
Acquisition Report or Reports          N/A                   N/A                       N/A
on Change in Interests
Commitments made in Material
                                       N/A                   N/A                       N/A
Assets Reorganization
Commitments made in issuing            N/A                   N/A                       N/A
Other commitments (including
                                       N/A                   N/A                       N/A
additional commitments)
3.4 Estimation of accumulative net profit from the beginning of the year to the end of next
report period to be loss probably or the warning of its material change compared with the
corresponding period of the last year and explanation of reason
□Applicable            √Inapplicable
3.5 Other significant events which need explanations
3.5.1 Particulars about securities investment
√Applicable           □Inapplicable
                                                                                      Unit: RMB
                                                                             Total
                                                                                       Gains and
                                              Initial          Book value investmen
                                 Short form           Amount                           losses in
        Securities     Stock                investme                at         t
  No.                              of the              held                              report
          kinds        code                 nt amount          period-end proportion
                                   stock              (Share)                            period
                                             (RMB)               (RMB)        of
                                                                                        (RMB)
                                                                           securities


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      Shenzhen Tellus Holding Co., Ltd.                           First Quarterly Report 2011 (Full Text)



                                                                                   in
                                                                               period-en
                                                                                 d (%)
                                  China
                                             178,454.2             1,631,269.
  1     Stock            600036   Merchants               115,775              100.00%           0.00
                                                       0                    75
                                  Bank
Other stock investment held at the end of
                                                    0.00     -            0.00    0.00%          0.00
report period
Gain/loss of the sold securities investment
                                                  -          -         -           -             0.00
in the report period
                     Total                   178,454.2             1,631,269.
                                                             -                     100%          0.00
                                                       0                    75
Explanations on securities investment
Original shares and allocation shares subscribed.
3.5.2 Registration form for receiving research, communication and interview in the report
period
In the report period, there were no receptions from the investors such as spot research, telephone
communications and written enquiries.
3.6 Particulars about derivatives investment
□Applicable            √Inapplicable
3.6.1 Particulars about derivatives investment held at the end of report period
□Applicable            √Inapplicable
§4. Appendix
4.1 Balance sheet
Prepared by Shenzhen Tellus Holding Co., Ltd.                  March 31, 2011           Unit: RMB
                                    Balance at period-end                Balance at year-begin
            Items
                               Consolidation Parent Company Consolidation Parent Company
Current assets:
      Monetary funds             57,309,242.90         311,271.16    69,122,979.84         324,541.62
      Settlement
provisions
      Capital lent
      Transaction finance
asset
      Notes receivable
      Accounts receivable         9,095,623.61                        8,831,986.63
      Accounts paid in
                                 16,519,063.35                       10,212,371.68
advance
      Insurance receivable
      Reinsurance
receivables
      Contract reserve of
reinsurance receivable
      Interest receivable
      Dividend receivable
      Other receivables          25,231,005.05      23,680,989.89    13,743,165.24      21,830,874.99
      Purchase restituted
finance asset
      Inventories                18,861,095.79                       25,045,954.52


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    Shenzhen Tellus Holding Co., Ltd.                                 First Quarterly Report 2011 (Full Text)



      Non-current      asset
due within one year
      Other current assets
Total current assets              127,016,030.70      23,992,261.05   126,956,457.91          22,155,416.61
Non-current assets:
      Granted loans and
advances
      Finance          asset
                                    1,631,269.75       1,631,269.75     1,483,077.75            1,483,077.75
available for sales
      Held-to-maturity
                                        121,300.00                         121,300.00
investment
      Long-term account
receivable
      Long-term       equity
                                  147,488,824.32     373,786,584.15   150,481,302.12         376,413,291.95
investment
      Investment property         112,350,679.66      64,073,444.52   113,660,483.41          64,814,748.48
      Fixed assets                170,710,037.84      20,218,045.61   173,400,772.86          20,466,877.39
      Construction        in
                                        122,498.75
progress
      Engineering
material
      Disposal of fixed
asset
      Productive
biological asset
      Oil and gas asset
      Intangible assets                 207,213.48      160,546.80         221,588.46             172,421.79
      Expense            on
Research                and
Development
      Goodwill
  Long-term expenses to
                                    1,089,675.42        144,163.60      1,258,536.21              174,688.06
be apportioned
      Deferred income tax
                                   31,972,434.56      14,865,962.87    31,972,434.56          14,865,962.87
asset
      Other non-current
asset
Total non-current asset           465,693,933.78     474,880,017.30   472,599,495.37         478,391,068.29
Total assets                      592,709,964.48     498,872,278.35   599,555,953.28         500,546,484.90
Current liabilities:
      Short-term loans             40,347,031.42      16,828,120.42    42,363,705.42          16,828,120.42
      Loan from central
bank
      Absorbing deposit
and interbank deposit
      Capital borrowed
      Transaction
financial liabilities
      Notes payable


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    Shenzhen Tellus Holding Co., Ltd.                                 First Quarterly Report 2011 (Full Text)



      Accounts payable             31,737,612.75           1,554.00    30,767,809.82                 1,554.00
      Accounts received
                                        812,842.77                      1,838,938.58
in advance
      Selling      financial
asset of repurchase
      Commission charge
and commission payable
      Wage payable                 12,761,840.35       3,555,049.60    14,784,418.61            3,547,611.71
      Taxes payable                 7,722,658.83         283,050.15     7,464,874.69              281,199.97
      Interest payable
      Dividend payable
      Other        accounts
                                  106,327,353.69     214,907,095.12   107,704,456.87         215,911,977.86
payable
      Reinsurance
payables
      Insurance contract
reserve
      Security trading of
agency
      Security sales of
agency
      Non-current
liabilities due within 1            8,640,000.00       4,480,000.00     8,640,000.00            4,480,000.00
year
      Other          current
liabilities
Total current liabilities         208,349,339.81     240,054,869.29   213,564,203.99         241,050,463.96
Non-current liabilities:
      Long-term loans              90,540,000.00      45,040,000.00    92,700,000.00          46,160,000.00
      Bonds payable
      Long-term account
                                    3,920,160.36                        3,920,160.36
payable
      Special      accounts
payable
      Projected liabilities        87,568,728.57      87,568,728.57    87,568,728.57          87,568,728.57
   Deferred income tax
                                    2,005,026.70        341,399.21      2,005,026.70              341,399.21
liabilities
      Other non-current
liabilities
Total           non-current
                                  184,033,915.63     132,950,127.78   186,193,915.63         134,070,127.78
liabilities
Total liabilities                 392,383,255.44     373,004,997.07   399,758,119.62         375,120,591.74
Owner’s equity (or
shareholders’ equity):
      Paid-in capital (or
                                  220,281,600.00     220,281,600.00   220,281,600.00         220,281,600.00
share capital)
      Capital         public
                                    8,784,021.85       5,590,598.57     8,635,829.85            5,442,406.57
reserve
      Less:       Inventory


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    Shenzhen Tellus Holding Co., Ltd.                           First Quarterly Report 2011 (Full Text)



shares
      Reasonable reserve
      Surplus         public
                                2,952,586.32      2,952,586.32      2,952,586.32      2,952,586.32
reserve
      Provision of general
risk
      Retained profit         -56,233,284.16 -102,957,503.61      -56,595,413.73 -103,250,699.73
      Balance difference
of     foreign      currency
translation
Total owner’s equity
attributable to parent 175,784,924.01 125,867,281.28 175,274,602.44 125,425,893.16
company
Minority interests             24,541,785.03                       24,523,231.22
Total owner’s equity        200,326,709.04 125,867,281.28 199,797,833.66 125,425,893.16
Total     liabilities    and
                             592,709,964.48 498,872,278.35 599,555,953.28 500,546,484.90
owner’s equity
4.2 Profit statement
Prepared by Shenzhen Tellus Holding Co., Ltd.          Jan.-Mar. 2011             Unit: RMB
                                  Amount in this period               Amount in last period
            Items
                             Consolidation Parent Company Consolidation Parent Company
I. Total operating income      97,328,500.70      3,143,975.40 109,939,790.76         3,002,805.46
Including:        Operating
                               97,328,500.70      3,143,975.40 109,939,790.76         3,002,805.46
income
      Interest income
      Insurance gained
      Commission charge
and commission income
II. Total operating cost       99,081,962.96      5,425,671.48 112,418,168.59         6,213,422.74
Including: Operating cost      81,138,877.78        973,078.20     92,909,659.20        972,581.20
      Interest expense
      Commission charge
and commission expense
      Cash         surrender
value
      Net      amount     of
expense of compensation
      Net      amount     of
withdrawal of insurance
contract reserve
      Bonus expense of
guarantee slip
      Reinsurance
expense
      Operating tax and
                                1,127,702.31        172,918.65        876,949.46        156,145.89
extras
      Sales expenses            5,076,468.45                        5,944,185.25
      Administration
                                9,718,729.47      3,306,396.00     10,243,858.74      3,931,721.30
expenses


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    Shenzhen Tellus Holding Co., Ltd.                               First Quarterly Report 2011 (Full Text)



      Financial expenses            2,020,184.95      973,278.63      2,443,515.94            1,152,974.35
      Losses                of
devaluation of asset
      Add:          Changing
income of fair value(Loss
is listed with “-”)
      Investment income
                                    2,209,122.20     2,574,892.20     1,861,000.00            1,861,000.00
(Loss is listed with “-”)
      Including:
Investment income on
affiliated company and
joint venture
      Exchange income
(Loss is listed with “-”)
III. Operating profit
                                        455,659.94    293,196.12        -617,377.83          -1,349,617.28
(Loss is listed with “-”)
      Add: Non-operating
                                          8,315.09                       173,645.46
income
      Less: Non-operating
                                         10,480.00                          5,247.64
expense
      Including: Disposal
loss of non-current asset
IV. Total Profit (Loss is
                                        453,495.03    293,196.12        -448,980.01          -1,349,617.28
listed with “-”)
      Less: Income tax                   72,811.65                       278,199.73
V. Net profit (Net loss is
                                        380,683.38    293,196.12        -727,179.74          -1,349,617.28
listed with “-”)
      Net              profit
attributable to owner’s                362,129.57    293,196.12     -1,204,071.61           -1,349,617.28
equity of parent company
     Minority
shareholders’ gains and                 18,553.81                       476,891.87
losses
VI. Earnings per share
i. Basic earnings per
                                           0.0016                            -0.0055
share
ii. Diluted earnings per
                                           0.0016                            -0.0055
share
VII. Other consolidated
                                        148,192.00    148,192.00         -82,386.95              -82,386.95
income
VIII. Total consolidated
                                        528,875.38    441,388.12        -809,566.69          -1,432,004.23
income
Total          consolidated
income attributable to
                                        510,321.57    441,388.12     -1,286,458.56           -1,432,004.23
owners        of      parent
company
Total          consolidated
income attributable to                   18,553.81                       476,891.87
minority shareholders


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    Shenzhen Tellus Holding Co., Ltd.                             First Quarterly Report 2011 (Full Text)



Concerning the enterprise consolidation under common control occurred in the period; the mergered
party realized net profit before consolidation amounting to RMB00.00.
4.3 Cash flow statement
Prepared by Shenzhen Tellus Holding Co., Ltd.             Jan.-Mar. 2011           Unit: RMB
                                    Amount in this period                Amount in last period
            Items
                               Consolidation Parent Company Consolidation Parent Company
I. Cash flows arising
from operating activities:
      Cash received from
selling commodities and          94,412,256.11        254,858.28 115,824,661.36            248,596.98
providing labor services
      Net increase of
customer deposit and
interbank deposit
      Net increase of loan
from central bank
      Net increase of
capital borrowed from
other financial institution
      Cash received from
original           insurance
contract fee
      Net cash received
from             reinsurance
business
      Net increase of
insured savings          and
investment
      Net increase of
disposal of transaction
financial asset
    Cash received from
interest,       commission
charge and commission
      Net increase of
capital borrowed
      Net increase of
returned business capital
      Write-back of tax
received
      Other cash received
concerning         operating     18,444,018.30      6,093,911.80     19,390,026.66       6,202,196.79
activities
       Subtotal of cash
inflow      arising     from 112,856,274.41         6,348,770.08 135,214,688.02          6,450,793.77
operating activities
      Cash       paid     for
purchasing commodities           85,247,152.37                      104,964,430.03
and      receiving     labor



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    Shenzhen Tellus Holding Co., Ltd.                               First Quarterly Report 2011 (Full Text)



service
      Net increase of
customer      loans    and
advances
      Net increase of
deposits in central bank
and interbank
      Cash     paid     for
original         insurance
contract compensation
      Cash     paid     for
interest,      commission
charge and commission
      Cash paid for bonus
of guarantee slip
      Cash paid to/for
                                   15,658,592.19     3,099,937.47    13,984,416.79            3,032,018.45
staff and workers
      Taxes paid                    4,965,640.28      546,689.53      4,838,458.84              529,004.08
      Other cash paid
concerning       operating         12,874,134.44      911,460.26     26,752,027.76            7,124,510.63
activities
      Subtotal of cash
outflow arising from              118,745,519.28     4,558,087.26   150,539,333.42          10,685,533.16
operating activities
      Net cash flows
arising from operating             -5,889,244.87     1,790,682.82   -15,324,645.40           -4,234,739.39
activities
II. Cash flows arising
from investing activities:
      Cash received from
recovering investment
      Cash received from
investment income
      Net cash received
from disposal of fixed,
                                                                          15,500.00
intangible and other
long-term assets
      Net cash received
from       disposal      of
subsidiaries and other
units
      Other cash received
concerning        investing
activities
      Subtotal of cash
inflow from investing                                                     15,500.00
activities
      Cash     paid     for
                                        258,380.40                       302,676.00               18,097.00
purchasing           fixed,



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intangible and other
long-term assets
      Cash     paid     for
                                                                          117,873.15             117,873.15
investment
      Net increase of
mortgaged loans
      Net cash received
from subsidiaries and
other units
      Other cash paid
concerning        investing
activities
      Subtotal of cash
outflow from investing                  258,380.40                        420,549.15             135,970.15
activities
      Net cash flows
arising from investing                  -258,380.40                      -405,049.15            -135,970.15
activities
III. Cash flows arising
from financing activities
      Cash received from
absorbing investment
      Including:      Cash
received from absorbing
minority     shareholders’
investment               by
subsidiaries
      Cash received from
                                                                       6,000,000.00            6,000,000.00
loans
      Cash received from
  issuing bonds
      Other cash received
concerning        financing              27,517.88                         41,755.68
activities
      Subtotal of cash
inflow from financing                    27,517.88                     6,041,755.68            6,000,000.00
activities
      Cash     paid     for
                                    4,160,000.00      1,120,000.00     2,540,000.00            1,000,000.00
settling debts
      Cash     paid     for
dividend      and     profit
                                    1,533,629.55       683,953.28      1,593,619.75              697,230.00
distributing or interest
paying
      Including: Dividend
and profit of minority
shareholder paid         by
subsidiaries
      Other cash paid
concerning        financing



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    Shenzhen Tellus Holding Co., Ltd.                           First Quarterly Report 2011 (Full Text)



activities
      Subtotal of cash
outflow from financing           5,693,629.55   1,803,953.28      4,133,619.75            1,697,230.00
activities
      Net cash flows
arising from financing          -5,666,111.67   -1,803,953.28     1,908,135.93            4,302,770.00
activities
IV. Influence on cash and
cash equivalents due to
fluctuation in exchange
rate
V. Net increase of cash
                              -11,813,736.94      -13,270.46    -13,821,558.62               -67,939.54
and cash equivalents
      Add: Balance of
cash and cash equivalents      69,122,979.84      324,541.62     72,376,177.95              401,503.65
at the period -begin
VI. Balance of cash and
cash equivalents at the        57,309,242.90      311,271.16     58,554,619.33              333,564.11
period -end
4.4 Auditor’ report
Auditor’s opinions: Un-audited




                                                                            Board of Directors of
                                                            ShenZhen Tellus Holding Co., Ltd
                                                                               April 25, 2011




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