新闻源 财富源

2020年01月29日 星期三

特力A(000025)公告正文

特 力B:2012年半年度报告(英文版)

公告日期:2012-08-16

                    深圳市特力(集团)股份有限公司 2012 年半年度报告全文深圳市特力(集团)股份有限公司
    SHENZHEN TELLUS HOLDING CO.,LTD
      2012 年半年度报告SEMI-ANNUAL REPORT 2012
          August16, 2012
                                                       深圳市特力(集团)股份有限公司 2012 年半年度报告全文
                   SEMI-ANNUAL REPORT 2012
                                       I. Important NoteBoard of Directors, Supervisory Committee, all directors, supervisors and senior executives ofShenzhen Tellus Holding Co., Ltd. (hereinafter referred to as the Company) hereby confirm thatthere are no any fictitious statements, misleading statements, or important omissions carried in thisreport, and shall take all responsibilities, individual and/or joint, for the reality, accuracy andcompletion of the whole contents.All directors are attending the Meeting for deliberation and approval for the semi-annual report.Financial report of this semi-annual repot has not been audited by CPA.Zhang Ruili, person in charge of the Company, Luo Bojun, person in charge of accounting works,CFO Fu Bin and Ke Wensheng, person in charge of accounting institution (accounting officer)hereby confirm the truthfulness and completeness of the Financial Report in the Semi-annualReport 2012.
                                     II. Company Profile(I) Company information
    Code for A-share     000025                            Code for B-share        200025
                                                       Short form for
    Short form for A-share Tellus-A                                                Tellus-B
                                                       B-shareListing stock exchange Shenzhen Stock ExchangeLegal Chinese name of
                       深圳市特力(集團)股份有限公司the CompanyAbbr. of legal Chinesename of the CompanyLegal English name of
                       Shenzhen Tellus Holding Co.,Ltdthe CompanyAbbr. of legal Englishname of the CompanyLegal Representative Zhang Ruili
    Registered Add.        3/F, Tellus Building, Shui Bei Er Road, Luohu District, ShenzhenPost Code of
                       518020registered add.
    Office Add.            15/F, Zhonghe Building, Shennan Middle Road, Futian District, ShenzhenPost Code of office
                       518031add.
    Internet website       www.tellus.cn
    E-mail                  sztljtgf@public.szptt.net.cn(II) Contact person and ways
                                      Secretary of the Board             Rep. of security affairs
    Name                              Guo Dongri                       Sun Bolun
                                                                深圳市特力(集团)股份有限公司 2012 年半年度报告全文
                                         5/F, Zhonghe Building, Shennan 5/F, Zhonghe Building, Shennan
    Contact adds.                            Middle Road, Futian District,  Middle Road, Futian District,
                                         Shenzhen                       Shenzhen
    Tel.                                     (0755) 83989328                    (0755) 83989339
    Fax.                                     (0755) 83989399                    (0755) 83989399
    E-mail                         guodongri@yahoo.com.cn           s9239243@163.com(III) Information disclosure and place for preparation
    Newspapers Designated for        Shenzhen-Securities Times and Hong Kong- Hong Kong
    indormation disclosure           Comercial DailyWebsite desinated by CSRC for
                                 http://www.cninfo.com.cnpublishing semi-annual reportplace for preparation of
                                 Secretariat of Shenzhen Tellus Holding Co.,Ltdsemi-annual report
                     III. Major accounting data and business abstract(I) Major accounting data and financial indexesWhether retroactive adjusted on previous financial report or not
    □Yes    √ NoMajor accounting data
                                                                                        Increase/decrease in this
                                         Reporting period (Jan.
       Major accounting data                                    Same period of last year      report period
                                                to June)
                                                                                            year-on-year (%)
    Total business revenue(RMB)                     194,282,667.44           178,047,165.38                   9.12%
    Business profit(RMB)                             -9,841,337.34               716,236.75
    Total profit(RMB)                                -9,829,057.94               578,156.59
    Net       profit   attributable   to
    shareholders of the listed company                -8,637,314.75              502,339.55(RMB)
    Net       profit   attributable   toshareholders of the listed company
                                                   -8,687,510.8              602,711.39after deducting non-recurring gainsand losses(RMB)Net cash flow arising from operating
                                                  -5,034,466.47            6,776,674.04activities(RMB)
                                                                                        Increase/decrease in this
                                           End of this period      End of last period    period-end over that of
                                                                                           last period-end (%)
    Total assets(RMB)                               563,712,143.83           570,693,268.15                   -1.22%Owners’ equity attributable to
    shareholders     of  the    listed              168,618,598.51           177,365,899.51                     -4.93%company(RMB)
    Share capital(Share)                               220,281,600              220,281,600                         0%Major financial indexes
                                                                                           Increase/decrease in this
                                         Reporting period (Jan.
       Major financial indexes                                  Same period of last year         report period
                                                to June)
                                                                                               year-on-year (%)
    Basic   earnings       per       share
                                                         -0.039                    0.002(RMB/Share)
    Diluted  earnings       per      share
                                                         -0.039                    0.002(RMB/Share)
    Basic EPS after deducting                                -0.039                    0.003
                                                            深圳市特力(集团)股份有限公司 2012 年半年度报告全文non-recurring gains/losses(RMB/Share)
    Fully diluted ROE (%)                                -5.12%                   0.29%
    Weighted average ROE (%)                             -4.99%                   0.29%Fully diluted ROE after deducting
                                                     -5.15%                   0.34%non-recurring gains/losses (%)Weighted average ROE after
    deducting non-recurring gains/losses                 -5.02%                   0.34%(%)Net cash flow per share arising from
                                                      -0.023                   0.031operating activities (RMB/Share)
                                                                                       Increase/decrease in this
                                                                                        period-end over same
                                       End of this period       End of last period
                                                                                             period of last
                                                                                            period-end (%)Net assets per share attributable to
    shareholder of listed company                         0.765                    0.805                    -4.97%(RMB/ Share)
    Asset-liability ratio (%)                            65.97%                  64.71%                      1.26%Explanation on former accounting data and financial index at period-end (stating adjustmentexplanation if there has retroactive adjustment)Nil(II) Difference of accounting data under CAS and IAS1. Difference of net profit and net assets disclosed in financial report based on IAS and CAS□ Applicable √ Not applicable2. Difference of net profit and net assets disclosed in financial report based on foreignaccounting standards and CAS□ Applicable √ Not applicable3. Detail items for major differences
                                                                      Explanation on IAS
    Items with major         Amount involved                            and(or) foreign
                                             Reasons for differences
       differences               (RMB)                               accounting standards
                                                                           involved4. Explanation on accounting data difference under the foreign/domestic accountingstandardsNil(III) Item and amount with non-recurring gains/losses deducted√Applicable □Not applicable
                      Items                          Amount (RMB)                      Note
    Gains and losses from disposal of non-current                          Losses from disposal of fixed assets
                                                               -21,255
    assets                                                                 from Huari AutomobileTax refund or exemption out of authorization, withabsence of official approval document oraccidentallyGovernmental subsidy calculated into current gainsand losses(while closely related with the normal
                                                        深圳市特力(集团)股份有限公司 2012 年半年度报告全文business of the Company, excluding thefixed-amount or fixed-proportion governmentalsubsidy according to the unified national standard)
    Fund occupation expenses received from                            Fund occupation expenses received
    non-financial enterprises that reckon into current      37,916.65 from affiliated enterprise Xinglong
    gains/losses                                                      CompanyIncome occurred when investment cost paid byenterprise for obtaining subsidiaries, associates andjoint ventures are lower than its share in fairvalue of net realizable assets of invested unitsGains and losses from exchange of non-monetaryassetsGains and losses from entrusted investment ormanagement assetsVarious asset impairment reserve provided for forcemajeure, such as natural disaster;Gains/losses from debt reorganizationReorganization expenses, such as expenditure forallocation of employees and integration feeGains and losses from excess of transaction whichare conducted on a non-fair-valued basis over itsfair valueCurrent net gains and losses of subsidiariesoccurred from combination under the same controlcommencing from period-begin to combinationdateGains and losses from contingent events which hasno relation with normal business of the CompanyGains and losses from change of fair values ofheld-for-transaction financial assets and financialliabilities except for the effective hedge businessrelated to normal business of the Company, andinvestment income from disposal of transactionalfinancial assets and liabilities and financial assetsavailable for saleReversal of impairment reserve for accountreceivable with separate impairment testinggains/ losses from external entrustment loansGains and losses arising from change of fair valueof investment properties whose follow-upmeasurement are at fair valueAffect upon current gains/losses arising from theone-off adjustment in subject to requirement oflaws and rules in relation to taxation andaccountingIncome from entrusted custody operationOther non-operating income and expenditure
                                                         33,534.4except the abovementionedOther item that satisfied the definition ofnon-recurring gains and lossesInfluenced amount of minority shareholders’ equityImpact on income tax
    Total                                                   50,196.05                    --Explanation on “Other item that satisfied the definition of non-recurring gains and losses” anddefined non-recurring gains and losses as recurring gain/loss according to natures and characteristic
                                                               深圳市特力(集团)股份有限公司 2012 年半年度报告全文of self-operation status
                             Amount involved
          Item                                                                   Note
                                (RMB)
          IV. Changes in Share Capital and Particular about Shareholders(I) Changes in share capital1. Statement of changes in shares□Applicable √Not applicable2. Changes in restricted shares□Applicable √Not applicable(II) Security offering and listing1. Security offering in previous three years□Applicable √Not applicable2 Changes of total shares and structures as well as outcome of asset-liability structures□Applicable √Not applicable3. Current shares held by internal staffs□Applicable √Not applicable(III) Shareholders and actual controller1. Total shareholders at period-endTotal 18,318 shareholders at period-end2. Shares held by top ten shareholders
                           Particulars about the shares held by the top ten shareholders
                                                                       Amount of      Shares pledged or frozen
                                     Proportion of
    Shareholders (full    Nature of                 Total amount            the
                                      shares held
        name)           shareholders               of shares held       restricted   Share status    Amount
                                         (%)
                                                                       shares held
    Shenzhen SDG Co.,       State-owned
                                              66.22%     145,870,560 14,587,056
    Ltd.                    legal personTEACHER
    RETIREMENT      Foreign lega
                                               1.03%       2,260,025             0SYSTEM OF TEXAS l personTRB2
                        Domestic na
    Ling Fengyuan                                  0.23%         512,858             0
                        ture person
    FISRT   SHANGHAI Foreign legal
                                               0.23%         507,478             0SECURITIES LTD.  person
                        Domestic
    Zhang Xiaoming                                 0.21%         463,961             0
                        nature person
                        Domestic
    Kan Hui                                        0.17%         369,126             0
                        nature person
                        Domestic
    Lu Zhihua                                      0.16%         355,200             0
                        nature person
                        Domestic
    Huang Dongyun                                  0.14%         304,200             0
                        nature person
    He Xin                  Domestic               0.14%         304,100             0
                                                         深圳市特力(集团)股份有限公司 2012 年半年度报告全文
                         nature person
                         Domestic
    Qiu Junfei                                0.12%         266,600           0
                         nature personExplanation of shareholdersParticulars about the shares held by the top ten unrestricted shareholders√Applicable □Not applicable
                                            Amount of                   Type/amount of shares
                Shareholders             unrestricted shares
                                         held at period-end        Type                 Amount
    Shenzhen SDG Co., Ltd.                          131,283,504 A-share                           131,283,504TEACHER RETIREMENT SYSTEM OF
                                                  2,260,025 B-share                             2,260,025TEXAS TRB2
    Ling Fengyuan                                      512,858 B-share                                512,858
    FISRT SHANGHAI SECURITIES LTD.                     507,478 B-share                                507,478
    Zhang Xiaoming                                     463,961 A-share                                463,961
    Kan Hui                                            369,126 A-share                                369,126
    Lu Zhihua                                          355,200 A-share                                355,200
    Huang Dongyun                                      304,200 A-share                                304,200
    He Xin                                             304,100 B-share                                304,100
    Qiu Junfei                                         266,600 A-share                                266,600Explanation on associated relationship among the top ten shareholders or (and) consistent actionAmong the top ten shareholders, there exists no associated relationship between the state-ownedlegal person’s shareholders Shenzhen SDG Co., Ltd and other shareholders, and they do not belongto the consistent actionist regulated by the Management Measure of Information Disclosure onChange of Shareholding for Listed Companies. For the other shareholders of circulation share, theCompany is unknown whether they belong to the consistent actionist.3. Controlling shareholders and actual controller(1) Changes of controlling shareholders and actual controller□Applicable √Not applicable(2) Introduction of controlling shareholders and actual controllerWhether has new actual controller or not□Yes √No
                             Shenzhen Municipal People’s Government State-owned AssetsName of actual controller
                             Supervision and Administration CommissionType of actual controller Local State-Owned Assets Supervision & Administration CommissionExplanationsIn reporting period, Shenzhen Municipal People’s Government of State-owned Assets Supervisionand Administration Commission is the largest shareholder of SDG with 43.30% equity held, whichis an institution directly under Government of Shenzhen, implemented investor’s right ofcontrolling shareholder SDG on behalf of Shenzhen Government. Office address: 17/F, InvestmentBuilding, No. 4009 Shennan Blvd, Futian District, Shenzhen; principal: Zhang Xiaoli(3) Block diagram of property rights and controlling relationship between the Company andactual controller
                                                             深圳市特力(集团)股份有限公司 2012 年半年度报告全文
    Shenzhen Municipal People’s Government of State-owned Assets Supervision and Administration
    Commission
                                      43.30%
                             Shenzhen SDG Co., Ltd.
                                      66.22%
                         Shenzhen Tellus Holding Co., Ltd.(4) Actual controller controlling the Company by means of entrust or other assetsmanagement□Applicable √Not applicable4. Other legal person’s shareholders with over ten percent shares held□Applicable √Not applicable(IV) Convertible bonds□Applicable √Not applicable
                V. Directors, Supervisors and Senior Executives
                                                                                                                             深圳市特力(集团)股份有限公司 2012 年半年度报告全文(I) Changes of shares held by directors, supervisors and senior executive
                                                                                                                                                                          Whether
                                                                                        Amount of                                                                         received
                                                                                                      Amount of                                Amount of
                                                                           Shares held     shares                               Including:                             remuneration
                                                                                                         shares    Shares held                stock option
                                                Office dated Office dated       at       increase in                             restricted                Reasons for      from
    Name            Title         Sex   Age                                                           decreased in at period-end                  held at
                                                    from        ended     period-begin(      this                               shares held                 changes shareholders’
                                                                                                      this period    (Share)                   period-end
                                                                             Share)     period(Share                              (Share)                               unit or other
                                                                                                        (Share)                                  (Share)
                                                                                               )                                                                        related unit
                                                                                                                                                                           or not
               Chairman of
    Zhang Ruili                  M               49 2012-06-06   2015-06-06              0            0             0            0            0             0               No
                the Board
    Luo Bojun      GM, Director M                50 2012-06-06   2015-06-06              0            0             0            0            0             0               No
               CFO,
    Fu Bin                       M               50 2012-06-06   2015-06 -06             0            0             0            0            0             0               No
               Director
    Zhang junlin Director        M               47 2012-06-06   2015-06-06              0            0             0            0            0             0               YesZhang
               Director      M               53 2012-06-06   2015-06-06              0            0             0            0            0             0               YesJianmin
    Yu Lei         Director      F               44 2012-06-06   2015-06-06              0            0             0            0            0             0               Yes
               Independent
    Liu Hongling                 F               58 2012-06-06   2015-06-06              0            0             0            0            0             0               No
               director
    Jiang          Independent
                             M               51 2012-06-06   2015-06-06              0            0             0            0            0             0               No
    Hongjun        director
               Independent
    Wei Shaohui                  M               40 2012-06-06   2015-06-06              0            0             0            0            0             0               No
               director
    Guan Zhicai Supervisor       M               58 2012-06-06   2015-06-06              0            0             0            0            0             0               NoZhang
               Supervisor    M               42 2012-06-06   2015-06-06              0            0             0            0            0             0               YesXinliang
                                                                                                深圳市特力(集团)股份有限公司 2012 年半年度报告全文
    Fu Chunlong Supervisor     M              39 2012-06-06   2015-06-06     0          0       0   0           0           0            YesWang
              Supervisor   M              54 2012-06-06   2015-06-06     0          0       0   0           0           0            NoGuangyeKe
              Supervisor   F              44 2012-06-06   2015-06-06     0          0       0   0           0           0            NoWenshengRen
              Deputy GM M                 49 2012-06-07   2015-06-06     0          0       0   0           0           0            NoYongjian
              Deputy GM,
    Guo Dongri     Secretary of M             47 2012-06-07   2015-06-06     0          0       0   0           0           0            No
               the Board
    Feng Yu       Deputy GM M                 45 2012-06-07   2015-06-06     0          0       0   0           0           0            No
    Lv Hang       Former GM M                 51 2011-06-15   2012-02-23     0          0       0   0           0           0            No
              Former
    Ji Dejun      Independent M               68 2009-06-18   2012-06-06     0          0       0   0           0           0            No
              director
    Shi           Former
                           M              54 2009-06-18   2012-06-06     0          0       0   0           0           0            Yes
    Changyue      Director
      Total         --          --   --           --           --        0          0       0   0           0           0      --          --Directors, supervisor and senior executives who awarded equity incentive in report period□applicable √Not applicable
                                                               深圳市特力(集团)股份有限公司 2012 年半年度报告全文(II) RepresentationRepresentation in shareholders’ unit√Applicable □Not applicable
                                                                                           Whether received
                                                                                             remuneration
                                                      Post       Service term Service term
    Name                  Shareholders’ unit                                                     from
                                                    occupied        from         ended
                                                                                           shareholders’ unit
                                                                                                 or not
    Zhang Junlin Shenzhen SDG Holding Co., Ltd.        GM                                         Yes
    Zhang                                              Deputy
                 Shenzhen SDG Holding Co., Ltd.                                               Yes
    Jianmin                                            GM
                                                   Deputy
    Yu Lei           Shenzhen SDG Holding Co., Ltd.                                               Yes
                                                   GM
                                                   Director of
    Zhang                                              auditing
                 Shenzhen SDG Holding Co., Ltd.                                               Yes
    Xinliang                                           supervision
                                                   dept.
                                                   Director of
    Fu Chunlong Shenzhen SDG Holding Co., Ltd.                                                    Yes
                                                   HR dept.Shi
                 Shenzhen SDG Holding Co., Ltd.    GM                                         YesChangyueExplanationon joboccupation inshareholders’unitRepresentation in other unit√Applicable □Not applicable
                                                                                           Whether received
                                                      Post       Service term Service term   remuneration
    Name                      other unit
                                                    occupied        from         ended     from other unit or
                                                                                                  not
                 Shenzhen Jinkai Sinocoms Appraisal Vice
    Liu Hongling                                                                                  Yes
                 Co.,Ltd.                           Chairman
                                                   Senior
    Wei Shaohui Guangdong Xinda Law Firm                                                          Yes
                                                   partner
                                                   Independen
    Wei Shaohui Longhao Tiandi Corporation Limited                                                Yes
                                                    t director
                 Shenzhen Click Technology Co.,    Independen
    Wei Shaohui                                                                                   Yes
                 Ltd.                              t directorExplanation
    on        joboccupation in
                                                                深圳市特力(集团)股份有限公司 2012 年半年度报告全文other unit(III) Remuneration of directors, supervisors and senior executivesProcedure for deciding The remunerations of independent directors are drafted by the board of directors, and
    remunerations        of passed by the shareholders’ general meeting; The remunerations of directors, supervisorsdirectors, supervisors and senior excutives are determined according the "articles of association " and otherand senior excutives relevant articles.
    Bases     on     which
    remunerations        of
                        Determined by relevant laws and regulation of remuneration management as well as thedirectors, supervisors
                        remuneration management mechanism of the Company.and senior excutivesare decided
                        In reporting period, the actual remuneration (tax included) received by the directors,Actual payment of
                        supervisors and senior executives of the Company, comprising monthly salary for 2012
    remunerations        of
                        (basic annual pay and vary subsidy), social insurance paid by the Company, housingdirectors, supervisors
                        public reserve, annuity and performance remuneration for year of 2011 are amounting asand senior excutives
                        RMB 2.44 million.(IV) Changes of directors, supervisors and senior executives
                                                    Date of
    Name         Post holding       Changes                                        Reasons of changes
                                                    changes
    Lv Hang Director, GM          Resigned           2012-02-23      Work transferShi
         Director             Office-leaving     2012-06-06      Changing session of the BoardChangyue
             Independent
    Ji Dejun                      Office-leaving     2012-06-06      Changing session of the Board
              director
                              Selected as
    Yu Lei       Director                            2012-06-06      Changing session of the Board
                              Director
                              Selected as
    Wei          Independent
                              independent        2012-06-06      Changing session of the Board
    Shaohui      director
                              director
    Luo                           Selected as
             Director                            2012-06-06      Changing session of the Board
    Bojun                         DirectorLuo
             GM               Selected as GM 2012-02-24          Work transferBojun(V) Staff of the Company
    Person on-jobs                                                                                               581Retirement person whose charges undertake by the
                                                                                                             360Company
                                               Professional categories
              Types of professional category                         Numbers of professional category
    Production staff                                                                                             349
    Salesman                                                                                                      16
    Technician                                                                                                    27
    Financial staff                                                                                               47
    Administration staff                                                                                         142
                                                          深圳市特力(集团)股份有限公司 2012 年半年度报告全文
                                           Education background
            Type of education background                              Numbers (people)
    Master                                                                                                  15
    Undergraduate                                                                                           61
    Junior college                                                                                         130
    High school and below                                                                                  375Explanation on employeesAdministration including the management staff of the Group and employees in the enterprise whichthe Company belongs to
                                    VI. Report of the Board(I) Management discussion and analysisI. General performance of the Company in report period
                                                                                               Unit: RMB
          Item                  This period         Same period of last year               +,- (%)
    Operation income                     194,282,667.44             178,047,165.38                    +9.12%
    Operation profit                      -9,841,337.34                 716,236.75
    Net profit                           -10,120,507.22                 371,137.09Reasons for decrease of operation profit and net profit: the investment income of stock jointlyenterprise withdrawal by equity method less than same period of last year.II. Operation result and financial analysis1. The growth of revenueDuring the reporting period, the income of company is 194.2827 million Yuan, with a y-o-yincrease of 16.2355 million Yuan for 9.12% up. The increasing income mainly depends on the y-o-ygrowth of car sales and property rent service.2. The cost increases under the circumstance of the increase of income, the augmentation is greaterthan the raise rate of incomeDuring the reporting period, the cost of company is 162.1182million Yuan, with an increase of17.9149 million Yuan for 12.42% up. The increase rate of cost is greater than the increase of incomeand the comprehensive gross profit margin declines slightly.3. The lower cost during the periodThe total cost is 34.5472 million Yuan, with a y-o-y decrease of 245.2 million Yuan, 0.71% down.Among them, the cost of sale is 9.7744 million Yuan, with a y-o-y decrease of 480 thousand Yuan,4.68% down. The main reason of reduction is the decrease of the employee benefits, advertisementand repair fee. The cost of management is 20.3733 million Yuan, with a y-o-y increase of 156.2thousand Yuan, 0.71% up. The main reason of increase is the time difference when gives the moneyto Board. The financial cost is 4.3995 million Yuan, with a y-o-y increase of 78.6 thousand Yuan,1.82% up. The main reason of increase is the increase of loan rate which causes the increase ofinterest expense.4. The profit becomes less comparing with the same period of previous yearDuring the reporting period, the net profit of company is -10.1205 million Yuan, with a y-o-ydecrease of 10.4916 million Yuan. The net profit attributable to owners of the parent is -8.6373million Yuan, with a y-o-y decrease of 9.1396 million Yuan. The decrease of profit dues tocompetitive auto market; The loss of Huari Company is 4.19 million Yuan, with a y-o-y increase of3.31 million Yuan comparing with the same period of previous year; the loss of Zung Fu Tellus is
                                                             深圳市特力(集团)股份有限公司 2012 年半年度报告全文13.35 million Yuan, the investment income is 8.97 million Yuan less than the same period ofprevious year.III. The condition of financial1. The AssetsEnded as 30 June 2012, the total assets of company is 563.7121 million Yuan, of which liquid assetsis 125.14 million Yuan, non-liquid assets is 438.5721 million Yuan.2. The LiabilityEnded as 30 June 2012, the total liability of company is 371.901 million Yuan, of which liquidliability is 278.8196 million Yuan; non-liquid liability is 93.0813 million Yuan.3. The Owner's EquityEnded as 30 June 2012, the owner's equity of company is 191.8112 million Yuan, of which theowner's equity of this enterprise is 168.6186 million Yuan, minority interests is 23.1926 millionYuan.The difference between the actual operating results of the Company and the profit forecast oroperation plan in respect of this reporting period which have been disclosed publicly exceeds 20%(no matter lower or higher) or not:
    □ Yes   □ No √ Not applicableOperation and results analysis for the main subsidiaries and holding companies of the Company
                                                                       Unit: RMB
    Name                             Proportion of shares held   Main products or service           Net profit
    Shenzhen                Tellus   100%                        Inspection and maintenance of      134,046.79
    Xinyongtong       Automobile                                 motor vehicle
    Development               Co.Ltd(Xinyongtong)
    Shenzhen      SDG       Tellus   100%                        Property management                -67,058.24Property Management Co.Ltd (Tellus Property)
    Shenzhen SDG Tellus Real         100%                        Development and management         -126,839.75
    Estate Co. Ltd                                               of real estate
    Shenzhen      Tellus     Real    100%                        Agency of real estate exchange     5,079.32Estate Exchange Co. Ltd(Exchange)
    Shenzhen         Xinyongtong     51%                         Production       of   inspection   454,920.86
    Automobile         Inspection                                equipment for auto vehicle
    Equipment         Co.     Ltd(Inspection Company )
                                                                  深圳市特力(集团)股份有限公司 2012 年半年度报告全文
    Shenzhen Auto Industry                                 100%           sales of auto and accessories        1,909,861.14
    and     Trade     Corporation(Auto Industry and Trade)
    Shenzhen         SDG      Huarri                         60%          Auto      maintenance         and    -128,055.46
    Auto     Co.,    ltd.    (Huari                                      production and sales of spare
    Company)                 (Huari                                      accessoriesCompany)
    Shenzhen            Zhongtian                          100%           Property leasing                     859,302.25
    Industrial                  Co.,Ltd.(Zhongtian Company)
    Shenzhen     Huari        Toyota                       60%            Sales of auto                        -4,061,516.76Auto Sales Co., Ltd. (HuariToyota)
    Shenzhen Zeng Fu Tellus                               35%             Auto     maintenance,         auto   -13,354,233.43
    Auto Service Co., Ltd.                                                exhibition,     sales   of   spare
                                                                      accessories,            technology
                                                                      consultant and auto salesAll risks that may affect the achievement of the development strategy and business objective ofcompany in the futureThe management of Tellus Company has many problems for a long time. With the efforts of allpeople, the situation has been improved, but the fundamentals have not been changed: lacking ofoperating profit, the assets structure is unreasonable, poor solvency, and the investment of newproject faces financial pressure. Currently the group faces greater pressure on the operation, mainlyin:1. Funding problem: there are no long-time and stable low-cost funds, which cause the difficultieson starting new projects;2. The problem of competitiveness: the single-store of auto business of Tellus Company has nocompetitive, it should change the way and form new core competitiveness.1. Main business and operations(1)Statement of main business classified according to industries and products
                                                                                                           Unit: RMB
                                                                         Increase or                   Increase or
                                                                                         Increase or
                                                                         decrease of                   decrease of
    Classified                                                                            decrease of
                                                                          operating                    gross profit
    according to           Operating                     Gross profit                    operating cost
                                     Operating cost                     revenue over                  ratio over the
    industries or           revenue                       ratio (%)                       over the last
                                                                        the last same                   last same
    products                                                                           same period of
                                                                        period of last                period of last
                                                                                        last year (%)
                                                                          year (%)                       year (%)
                                                        深圳市特力(集团)股份有限公司 2012 年半年度报告全文According to industries
                 123,887,663.3 122,648,723.7
    Auto sales                                             1%          16.3%          20.16%           -3.22%
                             9             3Automaintenance
                 22,218,088.03 16,424,636.72       26.08%        -11.48%         -18.44%             6.3%andinspectionProperty
    leasing and      47,231,319.93 22,467,201.82       52.43%          5.24%           6.29%           -0.47%serviceAccording to productsExplanation on main business classified according to industries and products(1) The business of Car salesThe car sales is an important source of Group revenues, accounts for more than 60% of total, thecompany is mainly engaged in---FAW Toyota Motor.In the first half of the year, the income of car sales is 123.89 million Yuan, with a y-o-y increase of17.32 million Yuan, 16.3% up; the sales of car is 796 units, with a y-o-y increase of 213 units,36.5% up. The income of domestic car is 117.76 million Yuan, with a y-o-y increase of 21.01million Yuan, 21.7% up. The sales of domestic cars are 781 units, with a y-o-y increase of 222 units,39.7% up. The income of imported cars is 6.13 million Yuan, with a y-o-y decrease of 3.69 millionYuan, 37.6% down; the sales of imported cars are 15 units, with a y-o-y decrease of 9 units, 37.5%down.(2) Vehicle maintenance and inspection servicesIn the first half of the year, the income of vehicle maintenance and inspection service is 22.22million Yuan, with a y-o-y decrease of 2.89 million Yuan, 11.5% down. The reduction of the carmaintenance and testing is the main reason for the decline of the income, in the first half year, thenumber of vehicle maintenance are13.254 thousand units, with a y-o-y decrease of 791 units, thenumber of vehicle testing are 12.748 thousand units, with a y-o-y decrease of 3.912 thousand units.(3) The business of property rentThe Group's property rent service runs stably and the result sounds good, the control of cost isreasonable; therefore, there is a slight increase in business achievement. The income of the propertyrent is 48.18 million Yuan in the first half year, with a y-o-y increase of 1.81 million Yuan, 3.9% up.The growth was mainly attributable to the increase of rent and management fee.The explanation of why the increase and decrease of gross margin is larger than the same period oflast year.The comprehensive gross margin declined slightly, mainly due to the great drop of gross margin inauto sales, with a decrease of 3.2% over the same period of last year.
    (2) Main business classified according to areas
                                                                                       Unit: RMB
                                                                       Increase/decrease in revenue from
               Areas                       Operating revenue           operations over the same period of
                                                                                  last year (%)
    Shenzhen                                              193,337,071.35                                 9.1%Explanation on main business according to areas:
                                                       深圳市特力(集团)股份有限公司 2012 年半年度报告全文Business of the Company is focus in Shenzhen.Explanation on composition of main business:Main business of the Company refers to the auto sales, auto maintenance and inspection business aswell as property leasing service.(3) Explanation on reasons of material changes in main operations and its structure
    □Applicable             √Not applicable(4) Explanation on reasons of material changes in profitability (gross profit ratio) of mainoperations compared with that of last year
    √Applicable             □Not applicableComprehensive gross profit ratio gains a little down mainly due to the auto sales declined sharply ingross profit ratio, a 3.2 percentage points down over same period of last year.(5) Analysis on reasons of material changes in profit structure compared with the previousyear
    □Applicable             √Not applicable(6) Business nature, main products or service as well as net profit for stock jointly enterpriseswho take over 10% of the net profit
    □Applicable             √Not applicable(7) Problems and difficulties in operation2. Internal control mechanism related with fair-value measurement
    □Applicable          √Not applicable3. Foreign currency financial assets and financial liabilities held
    □Applicable          √Not applicable(II) Investment of the Company1. General Application of the raised proceeds
    □Applicable          √Not applicable2. Commitments on projects of raised funds
    □Applicable       √Not applicable
                                                         深圳市特力(集团)股份有限公司 2012 年半年度报告全文3. Changes of projects of raised funds
    □Applicable         √Not applicable4. Investment on major projects of non-raised funds
    □Applicable         √Not applicable(III) The modification of Board to the business plan for the second half of the year
    □Applicable         √Not applicable(IV) Prediction of business performance from January – September 2012Estimation on accumulative net profit from the beginning of the year to the end of next reportperiod to be loss probably or the warning of its material change compared with the correspondingperiod of the last year and explanation on reason
    □Applicable            √Non-applicable(V) Explanation on “Qualified Opinion” from the Certified Public Accountants in the reportperiod by the Board of Directors
    □Applicable            √Non-applicable(VI) Explanation of the Management on changes and disposal of the issues involved in“Qualified Opinion” from the Certified Public Accountants in the last year by the Board ofDirectors
    √Applicable            □Non-applicableThe company's auditing agency---China Audit International Certified Public Accountants LTD.("CAICPA" for short) issued that there was no reservations with matter paragraph in audit report ofyear 2011(China Audit International Word Trial[2012] No.01020072), it emphasized that "All of theusers of financial statement are concerned, in financial statement 7, 1, (3), to the date of approval offinancial statements, Rite Group has not signed the agreement with ABC of Shenzhen that thereconciliation of Rite Group undertakes the joint and several liability of loans of Petroleum andChemical Corporation, the amount of required payment and payment date is not decided. Thisparagraph does not affect the issued audit opinion."Therefore, the Board will continue to take positive measures in order to reach a settlementagreement, to do the best to reduce the loss and to solve this problem.(VII)Stating the discussion results issued by the Board on changes in the Company’saccounting policies and accounting estimates or reasons for material accounting errorcorrection and influences thereof□ Applicable √ Not applicable(VIII) Determination and implementation of cash dividend policies of the CompanyAccording to the relevant provisions of "Notice on the Further Implementation of Cash Dividend ofList Company", which released by China Securities Regulatory Commission and actual situation torevise parts of provisions on the profit distribution policy of "Article of Association" and toestablish "the Rewards Plan of Shareholders in the Next Three Year(2012-2014)" (Rewards Plan IIfor short). The change of “Article of Association " and "Rewards Plan" have deliberated and passedthrough the 2nd Extraordinary Meeting of 7th Session of Board and the 1st T ExtraordinaryShareholders’ General Meeting 2012 respectively. The decision process is transparent and meets theneeds of relevant provisions.The implementation of profit distribution is in strict accordance with the “Article of Association ",the formulation and implementation of cash dividend meet the requirements of “Article ofAssociation” and shareholders' meeting. The standard and proportion of dividend is precise andclear, the relevant decision-making procedures and mechanisms are perfect, the responsibility ofindependent directors is clear and it works. The minority shareholders have the opportunities toexpress their views and demands fully, the rights and interests of minority shareholders have been
                                                       深圳市特力(集团)股份有限公司 2012 年半年度报告全文maintained."The Amendment of Article of Association " and "the Rewards Plan of Shareholders in the NextThree Year (2012-2014)" are published on www.cninfo.com.cn on July 31, 2012.The undistributed profit is negative in the past three years, and it is not in accordance with thecondition of cash-dividend, so there is no implementation of cash-dividend in nearly three years.(IX) Plan of profit distribution or capital reserve capitalizing
    □Applicable          √Not applicable(X) Positive retained profit accumulated at end of 2011 without cash distribution carried out
    □Applicable          √Not applicable(XI)Other events disclosedNil(XII) Liabilities, credit changes and cash arrangement for debt paying in later year (Onlyapplies to listed company with corporate convertible bonds offered)
    □Applicable           √Not applicable
                                    VII. Significant Event(I)Corporate governance
    During the reporting period, according to the requirements of relevant laws and regulations of"Company Law", "Securities Act" and "Basic Criterion of Internal Control" and the deployment ofinternal control of China Securities Regulatory Commission and Shenzhen Securities RegulatoryBureau, based on the requirements of "the Implementation of Work Plan of Internal Control", in thefirst half of 2012, the company continues to promote the implementation of internal control activelyand steadily and decomposes the main tasks and responsibilities, arranges the time schedule andalso hires a professional advisory for consulting, sorts the project of internal control, findsdeficiencies of internal control and make a timely and effective plan. By increasing the intensity ofinspection and sorting the existing system of internal control to arrange, revise and develop suchrelated rules for the implementation of internal control system and lay the foundation for thedevelopment of company.At present, the actual situation of corporate governance meets the requirements of the documents onthe governance of listed company which released by the China Securities Regulatory Commission.(II) Implementation of profit distribution plan, capital reserve capitalizing or shares offeringthat plan out previously and carry out in this reporting period
    □Applicable            √Not applicable
                                                        深圳市特力(集团)股份有限公司 2012 年半年度报告全文(III) Material lawsuits and arbitrations
    □Applicable          √Not applicableNo material lawsuits and arbitrations occurred in this perio
                                                          深圳市特力(集团)股份有限公司 2012 年半年度报告全文(IV) Related event of bankruptcy reorganization
    □Applicable         √Not applicable(V) Equity of other listed company and stock jointly financial enterprise held by theCompany1. Security investment
    □Applicable           √Not applicableExplanation on security investment2. Equity of other listed company held by the Company
    √Applicable           □Not applicable
                                                                                      Changes on
                                         Proportion of               Gains/losses
                             Initial                Book value at                       owners’
                                     equity held in                   in report                       Accounting
            Short form of                                                                                             Share
    Stock code               investment                 period-end                         equity in     calculation
              the stock              this company                      period                                       resources
                                                                                                         items
                          cost (RMB)                  (RMB)                           report period
                                           (%)                         (RMB)
                                                                                        (RMB)
            China                                                                                   Financial
                                                                                                      assets        Sponsor
    600036      Merchants        178,454.2             0%    1,264,263                0    -109,986.25
                                                                                                   available for     share
            Bank                                                                                       sales
    Total                        178,454.2        --         1,264,263                0    -109,986.25        --           --Explanation on equity of other listed company held by the CompanyEnded as this report period, 115,775 shares of China Merchants Bank Co., Ltd. (short form of stock: CMB;Stock code: 600036; “CMB” for short), listed in Shanghai Stock Exchange, were held by the Company.3. Equity of non-listed financial enterprise held by the Company
    □Applicable          √Non-applicableExplanation on equity of non-listed financial enterprise held by the Company4. Buying and selling shares of other listed company
    □Applicable          √Not applicableExplanation on shares dealing of other listed company(VI) Assets transaction1. Assets purchased or acquired
    □Applicable          √Not applicableExplanation on assets purchased2. Assets sold
    □Applicable          √Not applicableExplanation on assets sold3. Assets replacement
    □Applicable          √Not applicableExplanation on assets replacement
                                                    深圳市特力(集团)股份有限公司 2012 年半年度报告全文4. Business combination
    □Applicable        √Not applicable5. Progress of the events and their influence on the Company’s operating results andfinancial status in the report period after the Report on Assets Restructure or Public Noticeon Acquisition and Sales of Assets being published
    □Applicable          √Not applicable(VII) Explanation on shareholding increase proposed or implemented by largest shareholderof the Company and its persons acting in concert in reporting period
    □Applicable        √Not applicable(VIII) Implementation and its influence of equity incentive
    □Applicable        √Not applicable(IX) Significant related transaction
                                                                                                                                     深圳市特力(集团)股份有限公司 2012 年半年度报告全文1. Related transaction related to daily operation
    √Applicable         □Non-applicable
                                                                                                                                                                                  Reasons of
                                                                                                                                                                                     major
                                                                                      Related        Related    Proportion in
                                                     Content of                                                                 Clearing form    Influence of        Market        difference
                                 Type of related                       Pricing      transaction    transaction     similar
    Related party    Relationship                          related                                                                  for related     profit of the      price(10        between
                                   transaction                        principle      price (10     amount (10   transactions
                                                     transaction                                                                 transaction      Company        thousand yuan) trading price
                                                                                  thousand yuan) thousand yuan)      (%)
                                                                                                                                                                                  and market
                                                                                                                                                                                reference price
    Shenzhen Zeng                    Commodity
    Fu Tellus Auto Affiliated        purchased/labor                   Marketing                                                                    No material
                                                   House leasing                                          257.5            5%                                             257.5
    Service Co.,     enterprise      service                           price                                                                        influence
    Ltd.                             received
    Shenzhen                         Commodity
                                                   Machinery
    Xinyongtong      Affiliated      purchased/labor                   Marketing                                                                    No material
                                                   equipment                                               7.09            0%                                              7.09
    Technology       enterprise      service                           price                                                                        influence
                                                   leasing
    Co., Ltd.                        received
    Shenzhen                         Commodity
    Xinyongtong      Affiliated      purchased/labor                   Marketing                                                                    No material
                                                   House leasing                                           7.73            0%                                              7.73
    Auto Service     enterprise      service                           price                                                                        influence
    Co., Ltd.                        received
    Shenzhen                         Commodity
    Xinyongtong      Affiliated      purchased/labor                   Marketing                                                                    No material
                                                   House leasing                                           6.14            0%                                              6.14
    Auto Service     enterprise      service                           price                                                                        influence
    Co., Ltd.                        received
    Shenzhen                         Commodity
    Xinyongtong      Affiliated      purchased/labor                   Marketing                                                                    No material
                                                   House leasing                                           5.67            0%                                              5.67
    Dongxiao Auto enterprise         service                           price                                                                        influence
    Service Co.,                     received
                                                                                                                                                 深圳市特力(集团)股份有限公司 2012 年半年度报告全文Ltd.Shenzhen
                                  CommodityXinyongtong
                 Affiliated       purchased/labor                      Marketing                                                                           No material
    Dongxiao Auto                                       House leasing                                                    4.5              0%                                                 4.5
                 enterprise       service                              price                                                                               influenceService Co.,
                                  receivedLtd.
    Shenzhen                          Commodity
                                                    Machinery
    Xinyongtong      Affiliated       purchased/labor                      Marketing                                                                           No material
                                                    equipment                                                          0              0%                                                     0
    Auto Service     enterprise       service                              price                                                                               influence
                                                    leasing
    Co., Ltd.                         receivedShenzhen
                                  Commodity
    Xinyongtong                                         Machinery
                 Affiliated       purchased/labor                      Marketing                                                                           No material
    Dongxiao Auto                                       equipment                                                        0.4              0%                                                 0.4
                 enterprise       service                              price                                                                               influence
    Service Co.,                                        leasing
                                  receivedLtd.Shenzhen
                                  CommodityHuari Toyota
                 Controlling      purchased/labor                      Marketing                                                                           No material
    Auto Sales                                          House leasing                                                      4              0%                                                     4
                 subsidiary       service                              price                                                                               influenceService Co.,
                                  receivedLtd.
    Total                                                                          --              --                 293.03                5        --               --               --              --
    Details of major sold-goods return                                     N/ANecessity and sustainable of related transaction as well as reasons
                                                                       The above products sales and labor service providing from the related parties are the normal routine activity of the Company,of related transaction with related parties(not with other marketing
                                                                       transaction are exercise in market pricing which benefit a lot in improving the business and profit of the Company.dealers)
    Influence on independence of listed company from related               The above related transactions show no influence of independence of the listed company
                                                                                                                                             深圳市特力(集团)股份有限公司 2012 年半年度报告全文transactionDependence on related parties by Company as well as relevant
                                                                   N/Asolutions (If applicable)Actual implementation of those amount that predicted in this
                                                                   N/Aperiod by category for daily related transaction
    Explanation on related transactions                                N/ARelated transactions concerned with routine operations
                                                       Selling products and providing labor service to related party           Purchasing commodity and accepting labor service from related party
                Related party                                                           Proportion in similar transactions                                           Proportion in similar transactions
                                                Trading amount(10 thousand yuan)                                             Trading amount(10 thousand yuan)
                                                                                                   amount (%)                                                                  amount (%)TotalOf which: in reporting period, RMB 0 was arising from related transaction by selling commodity to controlling shareholders and its subsidiary or providing labor service.
                                              深圳市特力(集团)股份有限公司 2012 年半年度报告全文2. Related transaction incurred by purchase or sales of assets
    □Applicable         √Not applicable3. Significant related transaction from jointly investment outside
    □Applicable          √Not applicable
                                                                                                                                       深圳市特力(集团)股份有限公司 2012 年半年度报告全文4. Current related liabilities and debts
    √Applicable          □Not applicableWhether have non-operational current related liabilities and debts□Yes √No
                                                                                                                                    Funds offer to listed company by related parties(10 thousand
                                                                        Funds offered to related parties (10 thousand yuan)
                                                                                                                                                                yuan)
              Related parties                  Relationship
                                                                   Balance at Occurred Amount Balance at Interest        Interest Balance at Occurred Amount Balance at Interest Interest
                                                                  period-begin amount   paid period-end earned             cost   period-begin amount        paid period-end earned         costNon-operationalSubtotalOperational
    Shenzhen Xinyongtong Auto Service Co.,    Affiliated company of
                                                                        85.03      7.73                92.76
    Ltd.                                      subsidiary
    Shenzhen Xinyongtong Dongxiao Auto        Affiliated company of
                                                                        62.37      5.67                68.04
    Service Co., Ltd.                         subsidiary
    Shenzhen Tellus Auto Service Chain Co.,   Affiliated enterprise
                                                                       707.87               4.88      702.99
    Ltd. *1                                   of the Company
    Shenzhen Xinyongtong Technology Co.,      Affiliated company of
                                                                            8                              8
    Ltd.                                      subsidiary
    Shenzhen Yongtong Xinda Inspection        Affiliated company of
                                                                        49.89      1.17                51.06
    Equipment Ltd.                            subsidiaryShenzhen Xiandao Chemical Industry New Affiliated company of
                                                                        70.81                          70.81
    Material Co., Ltd.                       subsidiary
                                          Affiliated enterprise
    Shenzhen Xinglong Machinery Mould Co.,                                  180.6      3.79               184.39
                                          of the Company
                                                                                                                   深圳市特力(集团)股份有限公司 2012 年半年度报告全文Shenzhen Tellus Xinyongtong Auto Service Affiliated company of
                                                                      26.77               9      17.77
    Co., Ltd.                                   subsidiary
                                            Joint-venture of the
    Shenzhen Tellus Xing Investment Co., Ltd.                               0.12                       0.12
                                            Company
                                            Controlling
    Shenzhen SDG Co., Ltd.                                                                                            6,546.47    80.72    9.61   6,617.57
                                            shareholder
    Shenzhen SDG Development Center             Subsidiary of parent
                                                                                                                      500      16.4             516.4           16.4
    Construction Supervision Co., Ltd.          company
                                            Subsidiary of parent
    Shenzhen SDG Real Estate Co., Ltd.                                                                                 639.06                      639.06
                                            company
                                            Subsidiary of parent
    Hong Kong Yujia Investment Co., Ltd.                                                                               198.76              2.95    195.81
                                            company
                                            Subsidiary of parent
    Shenzhen SDG Swan Industrial Co., Ltd.                                                                                2.07                        2.07
                                            company
    Shenzhen Machinery Equipment Exp-Inp        Subsidiary of parent
                                                                                                                    38.78     30.72             69.51
    Co.,                                        company
                                            Subsidiary of parent
    Shenzhen Longgang Tellus Real Estate Co.,                                                                          109.57                      109.57
                                            company
                                            Subsidiary of parent
    Shenzhen Tellus Yangchun Real Estate Co                                                                             47.62                       47.62
                                            company
                                            Affiliated enterprise
    Shenzhen Xinglong Machinery Mould Co.,                                                                                7.85                        7.85
                                            of the CompanySubtotal
                              Total                                 1,191.45   18.36   13.88   1,195.93   0   0   8,090.19   127.84   12.56   8,205.46     0    16.4
                                                                                                       深圳市特力(集团)股份有限公司 2012 年半年度报告全文Funds offered to controlling shareholders and its subsidiary by the
                                                                                                                                                       0Company in report period (10 thousand yuan)
    Including: Amount occurring non-operational (10 thousand yuan)                                                                                         0Balance of funds offered to controlling shareholders and its
                                                                                                                                                       0subsidiary by the Company (10 thousand yuan)
    Including: Balance of non-operational (10 thousand yuan)                                                                                               0Reasons of related liabilities and debtsLiquidation of related liabilities and debtsCommitments concerned with related liabilities and debtsInfluence on business performance and financial status of theCompany from related liabilities and debtsFund occupation and progress of paying off
    □Applicable           √Not applicableTill end of reporting period, accountability plan proposed by the Board for completed no non-operational fund occupation from listed company
    □Applicable           √Not applicable
                                            深圳市特力(集团)股份有限公司 2012 年半年度报告全文5. Other significant related transactionNil(X) Significant contracts and its implementation1. Profits earned from trusteeship, contract and lease reached over 10% (10% included)of total profit in this period(1) Trusteeship
    □Applicable        √Non-applicable(2) Contract
    □Applicable        √Non-applicable(3) Lease
    □Applicable        √Non-applicable2. Guarantees
    □Applicable        √Non-applicable
                                            深圳市特力(集团)股份有限公司 2012 年半年度报告全文3. Trust financing
    □Applicable         √Non-applicable4. Implementation of material contracts entered into during the normal operationNil
                                                             深圳市特力(集团)股份有限公司 2012 年半年度报告全文5. Other significant contract
    □Applicable          √Not applicable(XI) Explanation on corporate bonds offering
    □Applicable        √Not applicable(XII) Implementation of commitments1. Commitments made by the Company or shareholders holding above 5% shares of theCompany in reporting period or extending to reporting period.
    √Applicable        □Not applicable
                                                                            Commitment Commitment
    Commitments        Accepter                   Contents                                          Implementation
                                                                                date      term
                             (I) Commitments during the work of Share
                             Merger Reform of the Company:
                             1. Commitments on Lock-up period
                             (1) In accordance with the Measures for the
                             Administration of the Share Merger Reform
                             of Listed Companies, SDG would abide by
                             the various laws, regulations and rules, and
                             perform its statutory commitment duty.
                             (2) Apart from the above-mentioned
                             statutory commitment, SDG also made the
                             following special commitment: with 36
                             months since the day the reform plan starts
                             to take effect, SDG would not list at
                             Shenzhen Stock Exchange and sell the
                             shares of Tellus it held (except for the shares
                             used to promote the administration level of
                             Tellus).
                             (3) The administration level would abide by
                             the laws, regulations and rules, and perform
                             its statutory commitment duty.
                             (4) SDG made the commitment: “The
                             Promiser hereby promises that, if the
                             Promiser failed to fulfill its commitment or
                             not fully fulfill its commitment, it would
                             compensate other shareholders for their
                    Shenzhen losses suffered thereafter”.
                             (5) SDG declared: “The Promiser would
    Share Merger Reform SDG Co.,                                                 2005-12-29             Implementing
                             dutifully fulfill its commitments and
                    Ltd.     shoulder          corresponding           legal
                             responsibilities. The Promiser would
                             transfer the shares held by it only if the
                             assignee agree and have the ability to
                             shoulder the commitment responsibility.”
                             2. Special commitment concerning the
                             incentive mechanism
                             In order to effectively boost the core
                             management level and business backbones
                             for long, SDG would take out its shares, not
                             exceeding 10% in total number after the
                             Share Merger Reform, and apply them to the
                             boost of the administration level. The shares
                             would be sold to the Company’s
                             administrative level over 3 years, with the
                             selling price being the net asset value per
                             share audited during the period nearest to
                             the       implementation.      Before       the
                             implementation of the promoting plan by
                             share selling each year, the administration
                             level must prepay the Company a risk
                             responsibility fund, i.e. 20% of the planned
                             selling price; Should the work of the
                             performance examination set by the Board
                             failed to be finished, the paid risk
                             responsibility fund would not be refunded
                                                                  深圳市特力(集团)股份有限公司 2012 年半年度报告全文
                                    and shall be owned by the Company.
                                    Detailed rules concerning the limitations on
                                    the administration level, such as the
                                    subscription      conditions      and     risk
                                    responsibility fund, and boost plans would
                                    be set by the Board and submitted to
                                    relevant departments for approval. The
                                    implementation of the shares for promoting
                                    would be conducted strictly according to
                                    relevant laws and regulations, and the
                                    circulation conditions of these shares would
                                    be in conformity with relevant regulations
                                    set by the Shenzhen Stock Exchange.
                                    3. Relevant expenses of this Share Merger
                                    Reform of Tellus would be paid by SDG.
                                    (II) The aforesaid commitments are in
                                    process of implementation by SDG. The
                                    restricted period for the shares held by SDG
                                    were expired on 20 January 2009, in which
                                    131,283,504 shares were listed for trading,
                                    and others were still in limited period due to
                                    special commitment of equity mechanism.Commitments inreport of
                                    N/Aacquisition or equitychangeCommitments in
                                    N/Aassets replacementCommitments made in
                                    N/AissuingOther commitments
    for medium and small                N/AshareholdersCompleted on time or
                        √ Yes   □ NonotDetail reasons for
    un-complement and       N/Afurther planWhether made apromise to horizontal
    competition and         □ Yes    √ No   □ Not applicablerelated transactionsthat resulted or notSolution term
                        N/A
    promised
    Solution way            N/A
    Complementation         Implementing2. Explanation on assets or projects that reached the original profit forecast as well asits reasons while the reporting period still in forecast period, and there are profitforecast on assets or projects of the Company
    □Applicable          √Non-applicable(XIII) Items of other consolidated income
                                                                              Unit: RMB
                                  Items                                              This period         Last period
    1. Gains(losses) from financial assets available for sales                                 -109,986.25          24,312.75Less: Income tax influences from financial assets availablefor salesNet amount reckoned into other consolidated income inprevious period but transferred into gains/losses in currentperiod
    Subtotal                                                                                   -109,986.25          24,312.75
                                                     深圳市特力(集团)股份有限公司 2012 年半年度报告全文2. Shares in the other consolidated income of the investeecalculated based on equity methodLess: Income tax influences of shares in the otherconsolidated income of the investee calculated based onequity methodNet amount reckoned into other consolidated income inprevious period but transferred into gains/losses in currentperiodSubtotal3. Gains(losses) from cash flow hedge instrumentLess: Income tax influences from cash flow hedgeNet amount reckoned into other consolidated income inprevious period but transferred into gains/losses in currentperiodAdjusted amount transferred to initial confirmed amount ofthe arbitraged itemsSubtotal4. Differences from translating foreign currency financialstatementsLess: Net amount of disposing overseas business transferredto current gains/lossesSubtotal5. OthersLess: Income tax influences by others reckoned into otherconsolidated incomeNet amount reckoned into other consolidated income inprevious period but transferred into gains/losses in currentperiodSubtotal
    Total                                                                    -109,986.25               24,312.75(XIV)Registration form of receiving research, communication and interview in thereport period
                                                                    Content discussed
    Date          Place          Way           Type       Object     and documents
                                                                         provided(XV) Engagement and non-reappointment of CPAWhether the semi-annual report was audited or not
    □ Yes   √ No □ Not applicableWhether re-engaged the CPA or not
    □ Yes   √ No □ Not applicable(XVI) Punishment and rectification for listed company and its directors, supervisor,senior executives, shareholders of the Company, actual controller and purchasers
    □Applicable          √Not applicable(XVII) Explanation on other significant events
    □Applicable           √Not applicable(XVIII) Major changes of profitability of turn debt guarantor, assets status and creditstandings(Only applies to listed company with corporate convertible bonds offered)
                                                      深圳市特力(集团)股份有限公司 2012 年半年度报告全文
    □Applicable         √Not applicable(XIX) Index for information disclosure
                              Name and page of publishing                   Internet website and searching
           Event                                          Date of disclosed
                                        press                                           routeResolution notice of the
    Board (12th extraordinary      Securities Times -C17; Hong                     Juchao Website:
                                                              2012-01-20
    meeting of 6th session of the Kong Commercial Daily -A21                       http://www.cninfo.com.cnBoard)Resignation of Directors andGM; Resolution notice of the
                               Securities Times -D17; Hong                     Juchao Website:
    Board (21st extraordinary                                     2012-02-24
              th               Kong Commercial Daily -A6                       http://www.cninfo.com.cnmeeting of 6 session of theBoard)Performance Prediction;Resolution notice of theBoard (10th meeting of 6thsession of the Board);
    Resolution notice of           Securities Times -B36; Hong                     Juchao Website:
                                                              2012-04-14
    Supervisory Committee (13th Kong Commercial Daily -B6                          http://www.cninfo.com.cnmeeting of 6th session ofSupervisory Committee);Summary of annual report of2011
    Abnormal Price of Stock        Securities Times -D56; Hong                     Juchao Website:
                                                              2012-04-17
    Exchange                       Kong Commercial Daily -A22                      http://www.cninfo.com.cn
                               Securities Times -D121; Hong                    Juchao Website:
    First quarterly report of 2012                                2012-04-25
                               Kong Commercial Daily -A28                      http://www.cninfo.com.cnResolution notice of theBoard (23rd meeting of 6thsession of the Board);Resolution notice of
    Supervisory Committee (15th Securities Times -D20; Hong                        Juchao Website:
                                                              2012-05-16
    meeting of 6th session of      Kong Commercial Daily -A24                      http://www.cninfo.com.cnSupervisory Committee);Convening Annualshareholders’ generalmeeting of 2011Resolution Notice of Annual
                               Securities Times -D13; Hong                     Juchao Website:
    Shareholders’ General                                        2012-06-07
                               Kong Commercial Daily -A12                      http://www.cninfo.com.cnMeeting of 2011Resolution notice of theBoard (1st extraordinarymeeting of 7th session of the
                               Securities Times -D20; Hong                     Juchao Website:
    Board); Resolution notice of                                  2012-06-08
                               Kong Commercial Daily -A23                      http://www.cninfo.com.cnSupervisory Committee (1stmeeting of 7th session ofSupervisory Committee)
                                    VIII. Financial Report(I) Auditing ReportWhether the report has been audited or not□ Yes √ No(II) Financial StatementWhether consolidated statement or not:
                                                   深圳市特力(集团)股份有限公司 2012 年半年度报告全文√ Yes □ NoUnless otherwise, currency for this statement refers to RMB (Yuan)Currency used in note of financial statement is RMB (Yuan)1. Consolidated Balance SheetPrepared by Shenzhen Tellus Holding Co., Ltd
                                                                                        Unit: RMB
                Items                 Note   Balance at period-end            Balance at period-beginCurrent assets:
    Monetary funds                                            39,796,201.86                      55,926,573.46Settlement provisionsCapital lent
    Transaction finance asset                                              0                                0
    Notes receivable                                                       0                                0
    Accounts receivable                                        7,259,171.62                       6,926,224.94
    Accounts paid in advance                                   9,917,329.11                      12,953,848.48Insurance receivableReinsurance receivablesContract reserve of reinsurancereceivable
    Interest receivable                                                    0                                0
    Dividend receivable                                                    0                                0
    Other receivables                                         25,247,513.36                      11,043,423.52
    Purchase       restituted   financeasset
    Inventories                                               42,919,798.18                      30,218,346.71Non-current asset due withinone year
    Other current assets                                                   0                                0
    Total current assets                                     125,140,014.13                    117,068,417.11Non-current assets:Granted loans and advancesFinance asset available for
                                                              1,264,263                       1,374,249.25sales
    Held-to-maturity investment                                     121,300                            121,300
    Long-term account receivable                               2,322,845.69                       2,341,645.69
    Long-term equity investment                              134,970,309.17                    143,657,138.71
    Investment real estate                                   105,801,660.91                    108,421,268.41
    Fixed assets                                             160,131,728.36                    164,608,682.41
    Construction in progress                                   3,565,461.92                       2,461,073.03
    Engineering material                                                   0                                0
                                     深圳市特力(集团)股份有限公司 2012 年半年度报告全文
    Disposal of fixed asset                                  0                                0Productive biological asset
    Oil and gas asset                                        0                                0
    Intangible assets                              135,338.58                         164,088.54
    Expense on         Research    andDevelopmentGoodwillLong-term expenses to be
                                               630,700.59                         846,883.52apportioned
    Deferred income tax asset                   29,628,521.48                      29,628,521.48
    Other non-current asset                                  0                                0
    Total non-current asset                     438,572,129.7                    453,624,851.04
    Total assets                               563,712,143.83                    570,693,268.15Current liabilities:
    Short-term loans                               45,496,287                         42,792,388Loan from central bank
    Absorbing      deposit         andinterbank depositCapital borrowed
    Transaction financial liabilities                        0                                0
    Notes payable                                4,061,052.45                                 0
    Accounts payable                            22,072,536.09                      22,950,543.71
    Accounts received in advance                 2,711,544.98                       2,070,889.22
    Selling financial      asset    ofrepurchase
    Commission     charge          andcommission payable
    Wage payable                                12,056,255.89                      13,285,537.39
    Taxes payable                                2,371,148.83                        7,627,833.6
    Interest payable                                         0                                0
    Dividend payable                                         0                                0
    Other accounts payable                     109,470,811.25                      94,803,075.42Reinsurance payablesInsurance contract reserveSecurity trading of agencySecurity sales of agency
    Non-current liabilities        due
                                               80,580,000                         88,020,000within 1 year
    Other current liabilities                                0                                0
                                                   深圳市特力(集团)股份有限公司 2012 年半年度报告全文
    Total current liabilities                                278,819,636.49                    271,550,267.34Non-current liabilities:
    Long-term loans                                                        0                         4,680,000Bonds payable
    Long-term account payable                                  3,920,160.36                       3,920,160.36
    Special accounts payable                                               0                                0
    Projected liabilities                                     87,568,728.57                      87,568,728.57
    Deferred income tax liabilities                            1,592,459.86                       1,592,459.86
    Other non-current liabilities                                          0                                0
    Total non-current liabilities                             93,081,348.79                      97,761,348.79
    Total liabilities                                        371,900,985.28                    369,311,616.13
    Owner’s        equity          (orshareholders’ equity):
    Paid-up     capital     (or   share
                                                            220,281,600                       220,281,600capital)
    Capital public reserve                                     8,459,465.55                        8,569,451.8Less: Inventory sharesReasonable reserve
    Surplus public reserve                                     2,952,586.32                       2,952,586.32Provision of general risk
    Retained profit                                          -63,075,053.36                     -54,437,738.61Balance difference of foreigncurrency translation
    Total       owner’s      equity
                                                         168,618,598.51                    177,365,899.51attributable to parent company
    Minority interests                                        23,192,560.04                      24,015,752.51Total owner’s equity(or
                                                         191,811,158.55                    201,381,652.02shareholders’ equity)Total liabilities and owner’s
                                                         563,712,143.83                    570,693,268.15equity(or shareholders’ equity)Legal representative: Zhang RuiliPerson in charge of accounting works: Fu BinPerson in charge of accounting institution: Ke Wensheng2. Balance Sheet of parent company
                                                                                        Unit: RMB
               Item                   Note   Balance at period-end            Balance at period-beginCurrent assets:
    Monetary funds                                                88,905.84                          64,442.86Transaction finance assetNotes receivable
                                    深圳市特力(集团)股份有限公司 2012 年半年度报告全文Accounts receivableAccounts paid in advanceInterest receivableDividend receivable
    Other receivables                        16,552,238.88                      19,567,834.67
    InventoriesNon-current asset due withinone yearOther current assets
    Total current assets                       16,641,144.72                      19,632,277.53Non-current assets:Finance asset available for
                                            1,264,263.00                       1,374,249.25salesHeld-to-maturity investment
    Long-term account receivable                2,322,845.69                       2,341,645.69
    Long-term equity investment               371,855,318.91                    380,032,015.02
    Investment real estate                     60,366,924.72                      61,849,532.64
    Fixed assets                               18,854,995.92                      19,484,310.81
    Construction in progress                      184,467.60                         164,326.32Engineering materialDisposal of fixed assetProductive biological assetOil and gas asset
    Intangible assets                             101,171.85                         124,921.83
    Expense on       Research     andDevelopmentGoodwillLong-term expenses to be
                                               10,208.06                          52,590.22apportioned
    Deferred income tax asset                  14,094,084.22                      14,094,084.22Other non-current asset
    Total non-current asset                   469,054,279.97                    479,517,676.00
    Total assets                              485,695,424.69                    499,149,953.53Current liabilities:
    Short-term loans                           14,544,160.00                      14,544,160.00Transaction financial liabilitiesNotes payableAccounts payable
                                                   深圳市特力(集团)股份有限公司 2012 年半年度报告全文Accounts received in advance
    Wage payable                                               3,005,485.94                       3,056,874.78
    Taxes payable                                                280,289.76                         281,051.07Interest payableDividend payable
    Other accounts payable                                   219,297,101.55                    221,249,246.62
    Non-current liabilities         due
                                                          43,920,000.00                      41,480,000.00within 1 yearOther current liabilities
    Total current liabilities                                281,047,037.25                    280,611,332.47Non-current liabilities:
    Long-term loans                                                                               4,680,000.00Bonds payableLong-term account payableSpecial accounts payable
    Projected liabilities                                     87,568,728.57                      87,568,728.57
    Deferred income tax liabilities                              298,948.76                         298,948.76Other non-current liabilities
    Total non-current liabilities                             87,867,677.33                      92,547,677.33
    Total liabilities                                        368,914,714.58                    373,159,009.80
    Owner’s        equity          (orshareholders’ equity):
    Paid-up     capital     (or   share
                                                         220,281,600.00                    220,281,600.00capital)
    Capital public reserve                                     5,266,042.27                       5,376,028.52Less: Inventory sharesReasonable reserve
    Surplus public reserve                                     2,952,586.32                       2,952,586.32General risk reserve
    Retained profit                                         -111,719,518.48                    -102,619,271.11Balance difference of foreigncurrency translationTotal owner’s equity(or
                                                         116,780,710.11                    125,990,943.73shareholders’ equity)Total liabilities and owner’s
                                                         485,695,424.69                    499,149,953.53equity(or shareholders’ equity)3. Consolidated Profit Statement
                                                                                        Unit: RMB
               Item                   Note   Amount in this period             Amount in last period
                                    深圳市特力(集团)股份有限公司 2012 年半年度报告全文
    I. Total operating income                 194,282,667.44                    178,047,165.38
    Including: Operating income               194,282,667.44                    178,047,165.38Interest incomeInsurance gained
    Commission     charge        andcommission income
    II. Total operating cost                  162,118,236.89                    144,203,262.02
    Including: Operating cost                 162,118,236.89                    144,203,262.02Interest expense
    Commission     charge        andcommission expenseCash surrender valueNet amount of expense ofcompensationNet amount of withdrawal ofinsurance contract reserveBonus expense of guaranteeslipReinsurance expense
    Operating tax and extras                     2,461,448.2                       2,273,132.81
    Sales expenses                               9,774,350.9                      10,254,375.32
    Administration expenses                     20,373,260.2                      20,217,091.42
    Financial expenses                          4,399,504.55                       4,320,901.64
    Losses of devaluation of asset                          0                                0Add: Changing income of fair
                                                        0                                0value(Loss is listed with “-”)Investment income (Loss is
                                           -4,997,204.04                       3,937,834.58listed with “-”)Including: Investment incomeon affiliated company and jointventureExchange income (Loss islisted with “-”)III. Operating profit (Loss is
                                           -9,841,337.34                         716,236.75listed with “-”)
    Add: Non-operating income                       33,582.2                          21,394.84
    Less: Non-operating expense                     21,302.8                            159,475Including: Disposal loss of
                                                  21,255non-current assetIV. Total Profit (Loss is listed
                                           -9,829,057.94                         578,156.59with “-”)
    Less: Income tax expense                      291,449.28                          207,019.5
    V. Net profit (Net loss is listed         -10,120,507.22                         371,137.09
                                                深圳市特力(集团)股份有限公司 2012 年半年度报告全文with “-”)Including: net profit realizedbefore consolidation bymergered partyNet profit attributable to
                                                         -8,637,314.75                       502,339.55owner’s of parent companyMinority shareholders’ gains
                                                         -1,483,192.47                      -131,202.46and losses
    VI. Earnings per share                             --                                 --
    i. Basic earnings per share                                       -0.039                             0.002
    ii. Diluted earnings per share                                    -0.039                             0.002VII. Other consolidated
                                                          -109,986.25                         24,312.75incomeVIII. Total comprehensive
                                                        -10,230,493.47                       395,449.84incomeTotal consolidated income
    attributable to owners of parent                            -8,747,301                        526,652.3companyTotal consolidated income
    attributable to minority                                 -1,483,192.47                      -131,202.46shareholdersThe merger realized net profit RMB 0.00 before consolidation during enterprisesconsolidation under a same control.Legal representative: Zhang RuiliPerson in charge of accounting works: Fu BinPerson in charge of accounting institution: Ke Wensheng4. Profit Statement of parent company
                                                                    Unit: RMB
              Items                Note   Amount in this period             Amount in last period
    I. Operating income                                      6,998,484.71                      6,559,038.23
      Less: operating cost                               2,200,025.49                       2,025,180.4
    Operating tax and extras                                391,915.16                        360,747.11Sales expenses
    Administration expenses                                    7,416,077.6                     7,002,540.49
    Financial expenses                                       1,603,643.22                      1,947,403.34Losses of devaluation of assetAdd: Changing income of fairvalue(Loss is listed with “-”)Investment income (Loss is
                                                         -4,487,070.61                     3,774,059.15listed with “-”)Including: Investment incomeon affiliated company and jointventureII. Operating profit (Loss is
                                                         -9,100,247.37                     -1,002,773.96listed with “-”)
    Add: Non-operating income                                                                       5,471.9Less: Non-operating expense
                                                  深圳市特力(集团)股份有限公司 2012 年半年度报告全文Including: Disposal loss ofnon-current assetIII. Total Profit (Loss is listed
                                                           -9,100,247.37                        -997,302.06with “-”)Less: Income tax expenseIV. Net profit (Net loss is listed
                                                           -9,100,247.37                        -997,302.06with “-”)
    V. Earnings per share                                --                                 --i. Basic earnings per shareii. Diluted earnings per share
    VI. Other consolidated income                                -109,986.25                          24,312.75VII. Total comprehensive
                                                           -9,210,233.62                        -972,989.31income5. Consolidated Cash Flow Statement
                                                                                       Unit: RMB
                Item                   Amount in this period                Amount in last periodI. Cash flows arising fromoperating activities:Cash received from selling
    commodities and providing labor                           222,809,578                        179,556,003.78services
    Net increase of customerdeposit and interbank deposit
    Net increase of loan fromcentral bankNet increase of capital borrowedfrom other financial institutionCash received from originalinsurance contract fee
    Net cash received fromreinsurance business
    Net increase of insuredsavings and investment
    Net increase of disposal oftransaction financial assetCash received from interest,
    commission         charge        andcommission
    Net increase of capitalborrowedNet increase of returned businesscapitalWrite-back of tax receivedOther cash received concerning
                                                      31,584,888.13                           35,741,630.12operating activities
    Subtotal of cash inflow arising
                                                    254,394,466.13                            215,297,633.9from operating activities
    Cash     paid     for   purchasing
    commodities and receiving labor                     176,045,055.14                           142,171,643.22serviceNet increase of customer loansand advances
    Net increase of deposits incentral bank and interbank
                                     深圳市特力(集团)股份有限公司 2012 年半年度报告全文Cash paid for original insurancecontract compensation
    Cash paid for interest,
    commission        charge       andcommission
    Cash paid for bonus ofguarantee slip
    Cash paid to/for staff and workers       26,612,534.85                          26,383,310.2
    Taxes paid                               12,450,720.45                         10,016,897.45Other cash paid concerning
                                         44,320,622.16                         29,949,108.99operating activitiesSubtotal of cash outflow arising
                                         259,428,932.6                       208,520,959.86from operating activitiesNet cash flows arising from
                                         -5,034,466.47                          6,776,674.04operating activitiesII. Cash flows arising frominvesting activities:Cash received from recoveringinvestmentCash received from investment
                                           3,653,625.5                             33,574.75incomeNet cash received from disposal
    of fixed, intangible and other                  45,000long-term assets
      Net cash received from
    disposal of subsidiaries and other                   0                                    0unitsOther cash received concerning
                                               250,000investing activitiesSubtotal of cash inflow from
                                           3,948,625.5                             33,574.75investing activitiesCash paid for purchasing fixed,
    intangible and other long-term            2,284,994.86                            914,244.41assets
    Cash paid for investment                                                             600,000Net increase of mortgaged loans
    Net     cash      received   from
                                                     0                                    0subsidiaries and other unitsOther cash paid concerning
                                               200,000investing activitiesSubtotal of cash outflow from
                                          2,484,994.86                          1,514,244.41investing activitiesNet cash flows arising from
                                          1,463,630.64                         -1,480,669.66investing activitiesIII. Cash flows arising fromfinancing activitiesCash received from absorbing
                                               660,000investmentIncluding: Cash received fromabsorbing minority shareholders’investment by subsidiaries
    Cash received from loans                    22,000,000Cash received from issuing bondsOther cash received concerning
                                                     0                              28,201.1financing activities
                                                深圳市特力(集团)股份有限公司 2012 年半年度报告全文Subtotal of cash inflow from
                                                       22,660,000                              28,201.1financing activities
    Cash paid for settling debts                        31,329,251.67                            11,820,834Cash paid for dividend and profit
                                                     3,890,087.71                          3,029,213.78distributing or interest payingIncluding: Dividend and profit ofminority shareholder paid bysubsidiariesOther cash paid concerning
                                                                  0                                    0financing activitiesSubtotal of cash outflow from
                                                    35,219,339.38                         14,850,047.78financing activitiesNet cash flows arising from
                                                   -12,559,339.38                        -14,821,846.68financing activitiesIV. Influence on cash and cash
    equivalents due to fluctuation in                            -196.39                          -3,116.74exchange rateV. Net increase of cash and cash
                                                    -16,130,371.6                         -9,528,959.04equivalentsAdd: Balance of cash and cash
                                                    55,926,573.46                         64,122,979.84equivalents at the period -beginVI. Balance of cash and cash
                                                    39,796,201.86                          54,594,020.8equivalents at the period -end6. Cash Flow Statement of parent company
                                                                                     Unit: RMB
               Item                  Amount in this period                Amount in last periodI. Cash flows arising fromoperating activities:Cash received from selling
    commodities and providing labor                        233,640.00                            415,104.64servicesWrite-back of tax receivedOther cash received concerning
                                                    15,316,770.47                         10,856,234.00operating activitiesSubtotal of cash inflow arising
                                                    15,550,410.47                         11,271,338.64from operating activitiesCash paid for purchasingcommodities and receiving laborservice
    Cash paid to/for staff and workers                   5,821,300.83                          4,844,266.68
    Taxes paid                                           1,190,195.08                          1,203,875.22Other cash paid concerning
                                                     4,748,342.21                          1,486,797.86operating activitiesSubtotal of cash outflow arising
                                                    11,759,838.12                          7,534,939.76from operating activitiesNet cash flows arising from
                                                     3,790,572.35                          3,736,398.88operating activitiesII. Cash flows arising frominvesting activities:Cash received from recoveringinvestmentCash received from investment
                                                        48,625.50                             33,574.75incomeNet cash received from disposalof fixed, intangible and otherlong-term assets
                                                        深圳市特力(集团)股份有限公司 2012 年半年度报告全文
      Net cash received fromdisposal of subsidiaries and otherunitsOther cash received concerninginvesting activitiesSubtotal of cash inflow from
                                                                48,625.50                             33,574.75investing activitiesCash paid for purchasing fixed,
    intangible and other long-term                                  50,214.28                             33,862.00assetsCash paid for investmentNet cash received fromsubsidiaries and other unitsOther cash paid concerninginvesting activitiesSubtotal of cash outflow from
                                                                50,214.28                             33,862.00investing activitiesNet cash flows arising from
                                                                 -1,588.78                              -287.25investing activitiesIII. Cash flows arising fromfinancing activitiesCash received from absorbinginvestmentCash received from loansCash received from bond offeringOther cash received concerningfinancing activitiesSubtotal of cash inflow from
                                                                      0.00                                   0.00financing activities
    Cash paid for settling debts                                 2,240,000.00                          2,240,000.00Cash paid for dividend and profit
                                                             1,524,540.76                          1,370,541.23distributing or interest payingOther cash paid concerningfinancing activitiesSubtotal of cash outflow from
                                                             3,764,540.76                          3,610,541.23financing activitiesNet cash flows arising from
                                                            -3,764,540.76                         -3,610,541.23financing activitiesIV. Influence on cash and cash
    equivalents due to fluctuation in                                    20.17exchange rateV. Net increase of cash and cash
                                                                24,462.98                            125,570.40equivalentsAdd: Balance of cash and cash
                                                                64,442.86                            324,541.62equivalents at the period -beginVI. Balance of cash and cash
                                                                88,905.84                            450,112.02equivalents at the period -end7. Consolidated Statement on Changes of Owners' EquityAmount in this period
                                                                                             Unit: RMB
                                                            Amount in this period
           Items                     Owners' equity attributable to the parent company Minority Total
                               Paid-u Capital Less: Reason Surplu Genera Retain Others ’s equity owners’
                                                        深圳市特力(集团)股份有限公司 2012 年半年度报告全文
                                  p     reserve Treasu able     s     l risk  ed                           equity
                                capital    s      ry reserve reserve provisi profit
                                (Share          Stock           s       on
                                capital
                                   )
                                                                                -54,43
    I. Balance at the end of last 220,28 8,569,4                     2,952,                        24,015,7 201,381,
                                                                               7,738.6
    year                           1,600    51.8                    586.32                            52.51 652.02
                                                                                     1
    Add:       Changes        ofaccounting policyError correction of the lastperiodOthers
                                                                                -54,43
    II.   Balance      at     the 220,28 8,569,4                     2,952,                        24,015,7 201,381,
                                                                               7,738.6
    beginning of this year         1,600    51.8                    586.32                            52.51 652.02
                                                                                     1
    III. Increase/ Decrease in               -109,9                                -8,637,         -823,192 -9,570,49this year (Decrease is listed
    with'"-")                                 86.25                                314.75                .47     3.47
                                                                               -8,637,         -1,483,1 -10,120,5(i) Net profit
                                                                               314.75             92.47     07.22
    (ii) Other consolidated                  -109,9                                                           -109,986.
    income                                    86.25                                                                 25
                                         -109,9                                -8,637,         -1,483,1 -10,230,4Subtotal of (i)and (ii)
                                          86.25                                314.75             92.47     93.47(III) Owners' devoted and
                                     0       0      0       0        0     0        0      0 660,000 660,000decreased capital
    1. Owners' devoted capital                                                                     660,000 660,0002. Amount calculated intoowners' equity paid inshares3. Others
    (IV)Profit distribution              0       0      0       0        0     0        0      0          0             01. Withdrawal of surplusreserves2. Withdrawal of generalrisk provisions3. Distribution for owners(shareholders)4. Others(V) Carrying forward
                                     0       0      0       0        0     0        0      0          0             0internal owners' equity
    1.     Capital     reservesconversed to capital (sharecapital)
    2.     Surplus     reservesconversed to capital (sharecapital)3. Remedying loss withsurplus reserve
                                                         深圳市特力(集团)股份有限公司 2012 年半年度报告全文4. Others(VI) Reasonable reserve1. Withdrawal in thisperiod
    2.   Usage in this period(VII) Other
                                                                                 -63,07
    IV. Balance at the end of       220,28 8,459,4                   2,952,                       23,192,5 191,811,1
                                                                                5,053.3
    the report period                1,600 65.55                    586.32                           60.04     58.55
                                                                                      6Amount in last period
                                                                                              Unit: RMB
                                                             Amount in last period
                                      Owners' equity attributable to the parent company
                                Paid-u
                                  p              Less:         Surplu Genera                          Total
            Items                       Capital        Reason                  Retain     Minority
                                capital         Treasu            s     l risk                       owners’
                                        reserve          able                   ed Others ’s equity equity
                                (Share            ry           reserve provisi
                                           s           reserve                 profit
                                capital         Stock             s       on
                                   )
                                                                                 -56,59
    I. Balance at the end of last 220,28 8,635,8                     2,952,                       24,523,2 199,797,
                                                                                5,413.7
    year                           1,600 29.85                      586.32                           31.22 833.66
                                                                                      3Add: retroactiveadjustment arising fromenterprise consolidationunder the same control
    Add:       Changes        ofaccounting policyError correction of the lastperiodOthers
                                                                                 -56,59
    II.   Balance      at     the 220,28 8,635,8                     2,952,                       24,523,2 199,797,
                                                                                5,413.7
    beginning of this year         1,600 29.85                      586.32                           31.22 833.66
                                                                                      3
    III. Increase/ Decrease in               -66,37                                 2,157,6      -507,478 1,583,81this year (Decrease is listed
    with'"-")                                  8.05                                   75.12            .71    8.36
                                                                                2,157,6      -907,478 1,250,19(i) Net profit
                                                                                  75.12            .71    6.41
    (ii) Other consolidated                  -66,37                                                        -66,378.0
    income                                     8.05                                                                5
                                         -66,37                                 2,157,6      -907,478 1,183,81Subtotal of (i)and (ii)
                                           8.05                                   75.12            .71    8.36(III) Owners' devoted and
                                     0       0      0       0        0      0        0      0 400,000 400,000decreased capital
    1. Owners' devoted capital                                                                    400,000 400,000
                                                          深圳市特力(集团)股份有限公司 2012 年半年度报告全文2. Amount calculated intoowners' equity paid inshares3. Others
    (IV)Profit distribution            0        0         0      0         0       0         0   0          0         01. Withdrawal of surplusreserves2. Withdrawal of generalrisk provisions3. Distribution for owners(shareholders)4. Others(V) Carrying forward
                                   0        0         0      0         0       0         0   0          0         0internal owners' equity
    1.     Capital     reservesconversed to capital (sharecapital)
    2.     Surplus     reservesconversed to capital (sharecapital)3. Remedying loss withsurplus reserve4. Others(VI) Reasonable reserve1.Withdrawal in this period2.Usage in this period(VII) Other
                                                                                    -54,43
    IV. Balance at the end of     220,28 8,569,4                       2,952,                        24,015,7 201,381,
                                                                                   7,738.6
    the report period              1,600    51.8                      586.32                            52.51 652.02
                                                                                         18. Statement on Changes of Owners' Equity of Parent CompanyAmount in this period
                                                                                                 Unit: RMB
                                                                 Amount in this period
                               Paid-up
              Item                                  Less:                       General           Total
                               capital     Capital          Reasonab Surplus            Retained
                                                   Treasury                       risk           owners’
                               (Share     reserves          le reserve reserves          profit
                                                    Stock                       reserve           equity
                               capital)
    I. Balance at the end of last 220,281, 5,376,02                             2,952,58             -102,619, 125,990,
    year                              600      8.52                                 6.32                271.11 943.73Add: Changes of accountingpolicyError correction of the lastperiodOthers
    II. Balance at the beginning 220,281, 5,376,02                              2,952,58             -102,619, 125,990,
    of this year                     600      8.52                                  6.32                271.11 943.73
    III. Increase/ Decrease in                -109,986.                                              -9,100,24 -9,210,23
                                                       深圳市特力(集团)股份有限公司 2012 年半年度报告全文
    this year (Decrease is listed                    25                                              7.37         3.62with'"-")
                                                                                             -9,100,24 -9,100,24(i) Net profit
                                                                                                  7.37      7.37
    (ii) Other consolidated                    -109,986.                                                    -109,986.
    income                                           25                                                           25
                                           -109,986.                                         -9,100,24 -9,210,23Subtotal of (i)and (ii)
                                                 25                                               7.37      3.62(III) Owners' devoted and
                                       0          0       0          0         0         0          0           0decreased capital1. Owners' devoted capital2. Amount calculated intoowners' equity paid inshares3. Others
    (IV) Profit distribution               0          0       0          0         0         0          0           01. Withdrawal of surplusreserves2. Withdrawal of generalrisk reserve3. Distribution for owners(shareholders)4. Others
    (V)      Carrying    forward
                                       0          0       0          0         0         0          0           0internal owners' equity
    1.       Capital     reservesconversed to capital (sharecapital)
    2.      Surplus      reservesconversed to capital (sharecapital)3. Remedying loss withsurplus reserves4. Others(VI) Reasonable reserve1. Withdrawal in thisperiod
    2.   Usage in this period(VII) Other
    IV. Balance at the end of the 220,281, 5,266,04                          2,952,58            -111,719, 116,780,7
    report period                     600      2.27                              6.32              518.48      10.11Amount in last year
                                                                                             Unit: RMB
                                                              Amount in last year
                                Paid-up
                                                     Less:                       General           Total
              Item              capital     Capital          Reasonab Surplus            Retained
                                                    Treasury                       risk           owners’
                                (Share     reserves          le reserve reserves          profit
                                                     Stock                       reserve           equity
                                capital)
                                                      深圳市特力(集团)股份有限公司 2012 年半年度报告全文
    I. Balance at the end of last   220,281, 5,442,40                       2,952,58            -103,250, 125,425,
    year                                600      6.57                           6.32              699.73 893.16Add: Changes of accountingpolicyError correction of the lastperiodOthers
    II. Balance at the beginning 220,281, 5,442,40                          2,952,58            -103,250, 125,425,
    of this year                     600      6.57                              6.32              699.73 893.16
    III. Increase/ Decrease in                -66,378.0                                         631,428. 565,050.this year (Decrease is listed
    with'"-")                                         5                                              62       57
                                                                                            631,428. 631,428.(i) Net profit
                                                                                                 62       62
    (ii) Other consolidated                   -66,378.0                                                    -66,378.0
    income                                            5                                                            5
                                          -66,378.0                                         631,428. 565,050.Subtotal of (i)and (ii)
                                                  5                                              62       57(III) Owners' devoted and
                                      0          0       0          0         0         0          0          0decreased capital1. Owners' devoted capital2. Amount calculated intoowners' equity paid in shares3. Others
    (IV) Profit distribution              0          0       0          0         0         0          0          01. Withdrawal of surplusreserves3. Withdrawal of generalrisk reserve3. Distribution for owners(shareholders)4. Others(V) Carrying forward
                                      0          0       0          0         0         0          0          0internal owners' equity
    1.       Capital   reservesconversed to capital (sharecapital)
    2.       Surplus   reservesconversed to capital (sharecapital)3. Remedying loss withsurplus reserves4. Others(VI) Reasonable reserve3. Withdrawal in thisperiod
    4.   Usage in this period
                                                         深圳市特力(集团)股份有限公司 2012 年半年度报告全文(VII) Other
    IV. Balance at the end of the 220,281, 5,376,02                             2,952,58             -102,619, 125,990,
    report period                     600      8.52                                 6.32                271.11 943.73(III) Basic information(I) Company ProfilesShenzhen Tellus Machinery Co. Limited is a state-owned enterprise, established in Shenzhen in thePeople’s Republic of China (the PRC) On 11 December 1992; the Shenzhen Municipal People’sGovernment approved the reorganization of Shenzhen Tellus Machinery Co. Ltd. to become a publiclimited company. Shenzhen Tellus Machinery Co. Ltd. was renamed Shenzhen Tellus Holding CompanyLimited (hereinafter referred to as “the Company”) on 30 June 1994, with approval by the ShenzhenAdministration for Industry and commerce. The company respectively obtained the approval certificates“Shen Zhen Ban Fu (1993) No. 34” and “Shen Zhen Shi Zi (1993) No. 22”from the Shenzhen StockManagement Office and Shenzhen Stock Exchange in June 1993.On 31 March 1997, with the approval of Shenzhen Municipal People’s Government “Shen Fu Han (1997)No.19” and China Security Regulatory Commission “Zhen Jian Han (1997) No.5”, Shenzhen InvestmentAdministrative Company transferred its 159,588,000 shares to Shenzhen Te Fa (Group) CompanyCompany Limited (hereinafter referred to as “the Te Fa Group”). The shares transferred represent72.45% of the total issued shares of the Company. In order to circulate all the non-negotiable shares in theA share market, the Te Fa Group, as the one and only shareholder of non-negotiable shares in the Company,gave 13,717,440 shares to the holders of tradable shares of the company in the A share market(Per 10tradable shares for 4 shares). The transferring was finished on 04 January 2006. After the split-sharereform was completed, The SDG holds 66.22% of the shares capital of the Company.The Company has Business License for Legal Person Numbered 440301103017750.(II) Industry, Business Scope, main products or serviceThe company and its subsidiaries provided automobile overall services, including automobile retailing,inspection and maintenance, production of inspection equipment, property lease and property managementservice, etc.With the approval by Shenzhen Administration for Industry and Commerce, the Company’s business scopeincludes investment (specific projects needs application); develop and operate the real estate business onthe land with usage rights; rental and management for the owned property; warehouse and transportation,mechanical accessory processing, mechanical equipment installation, mainland commerce, goods andmaterials business, (Government monopolistic goods and materials are not included.), import and exportbusiness of internal production materials and accessories.Import and export business complies with the approval certificate (Shen Mao Guan Zheng Zi No.098).During the period reported, there was no change in the main operating business.(IV) Accounting Policies, Accounting Estimates and Errors of previous term1. Basis Preparation of the Financial StatementsThe Company continues to operate as a going concern. These financial statements have been prepared onan accrual basis, according to the actual transactions and events.2. Statement of Compliance with the Accounting Standards for Business EnterprisesThe financial statements of the Company for the semi-annual of 2012 are in conformity with therequirements of the Accounting Standard for Business Enterprises(2006) issued by Ministry of FinanceR.R.C, and present fairly, in all material respects, the financial position, the results of operations, the cashflows and other relevant information of the Company.The interim financial statements of the Company for 2012 complied both with the disclosure requirementsconcerning financial statements and notes thereof of the Rule 15 of Preparation for Information Disclosureof Company Issuing Securities Publically – General Rules for Financial Report (amended in 2010) and theRule 9 of Preparation for Information Disclosure of Company Issuing Securities Publically – Calculationand Disclosure of Net Equity Return and Earnings per Share (amended in 2010).
                                                         深圳市特力(集团)股份有限公司 2012 年半年度报告全文3. Fiscal periodThe accounting year of the company is from 1 January to 31 December of the Gregorian calendar year.4. Currency used in book-keepingThe Company’s reporting currency is the RMB Yuan.Book-keeping currency for oversea subsidiaryNil5. Accounting treatment of the merging entities under common control and different control(1) Merger of entities under common controlBoth before and after the merger, the enterprises are under common control of sole party or several parties,and the controlling power is by no means temporary, it is regarded as merger of enterprise under commoncontrol. Assets and liabilities obtained by the merging party are calculated at their book value with themerged parties at the merger day. The differences between the book value of net assets and the book valueof consideration price (or the total of face value of share issued) are adjusted to the share capital premiumunder the capital reserves. If the share capital premium is not enough to neutralize the difference, it will beadjusted to the retained gains.Direct expenses occurred to the merging party including auditing expenses, assessment expenses; lawservice expenses etc. for the merger are accounted into current gains and losses account when occurred.The issued bonds for the merger or handling charge, commission etc. of the bearing of other debts areaccounted into the initial measured amount of issued bonds and other debts account. The handling charge,commission etc. of issued equity securities for the merger, abated the income of equity securities premium.If the premium income is not enough for abatement, it will be abated to the retained gains. Theconsolidation day is the date when the controlling power over the merged parties is practically obtained bythe merging party.(2) Merger of entities under different controlWhen the enterprises participated in the merger are not under controlling of the same party or group ofparties, either before or after the merger, the merger is regarded as merger of enterprises under differentcontrol. The merger cost paid by buying party is the fair value of cash or non-cash assets, liability occurredor undertaken, or equity instrument issued thereof, on the day of purchasing to obtain power of controlover the bought party, and those sum of expenses directly related to the merger. The difference betweennon-cash assets and its book value will be accounted into current gains and losses account.When the merger cost is greater than the share of fair value of recognizable net asset of the bought parties,the balance is recognized as goodwill; when the merger cost is lower than the share of fair value ofrecognizable net asset of the bought enterprise, revising will firstly be done on the merger cost and fairvalue of each recognizable assets, liabilities, and contingent liabilities of the bought party, and if themerger cost is still lower than the share of fair value of recognizable net asset of the bought enterprise, thebalance will be accounted into current gains and loss account.As for the business combination not under common control, the agent fees arising from audit, legalservices and appraisal consultation and other related management expenses occurred by acquirer for suchcombination shall be recognized in current gains and losses when occurred; the equity securities issued byacquirer as combination consideration or transactional expenses for debt securities were included in theinitial recognization of equity securities or debt securities.The purchasing day is the date when the controlling power over the bought parties is practically obtainedby the buying party. The buying party allocated the merger cost at the purchasing day for the confirmationof various recognizable assets, liabilities or contingent liabilities obtained from bought parties.Merger of business treated as the same method.6. Preparing method of consolidated financial statements(1) Preparing method of consolidated financial statementsThe range of consolidated financial statement consisted of the Company and its subsidiaries. Controllingpower means the Company has the ability to decide the financial and operation issued of another firm andcan obtain profit from the firm’s business operation.Subsidiaries added as merger of enterprises under common control, while preparing consolidated financialstatement, regarded as the merged subsidiaries that controlled by Company’s final controller at thebeginning of controlling. Therefore, the operation result from the beginning of controlling by finalcontroller of the Company demonstrated in the consolidated income statement and the comparison amountin the consolidated financial statement shall be adjusted accordingly.Subsidiaries added as merger of enterprises under different control, while preparing the current
                                                         深圳市特力(集团)股份有限公司 2012 年半年度报告全文consolidated financial statement, adjusted subsidiary’s financial statement on the basis of variousrecognizable assets and fair value of liabilities recognized at the day of purchasing. Their assets, liabilitiesand operation results after the purchased day have been demonstrated in the consolidated financialstatement, and the initial amount and comparison amount of the consolidated financial statement will notbe adjusted.Those minor shareholders’ equity and minor shareholders’ gains and losses in subsidiaries aredemonstrated respectively under the shareholders’ equity items in the consolidated balance sheet and netprofit items in the consolidated income statement.If the current losses attributable to minority shareholders of subsidiaries exceeded their share of thebeginning owner’s equity in such subsidiary, the difference was used to offset the minority interests.Concerning the different accounting periods or accounting policies of the subsidiaries, necessaryadjustment have been made to the financial statement of subsidiaries accord with the Company’saccounting periods or accounting policies while consolidating the financial statement. Major trades of theCompany in merge have been neutralized when consolidated, internal realized profit and current balanceincluded.(2)Disclosure of related accounting method for buy-and-resell or sell-and-repurchase of equities in thesame subsidiary within two successive accounting yearsNil7. Determination criteria of cash and cash equivalentCash refers to the inventory cash of the Company and the deposit available for payment anytime. Cashequivalents represent short-term, highly liquid investments, which are readily convertible into knownamounts of cash and are subject to an insignificant risk of change in value.8. Foreign currency business and the conversion of foreign currency statement(1) Foreign currency transactionThe foreign currency transactions will be accounted to Renminbi that translated with the spot exchangerate on the date of transaction occurred.At the balance sheet day, monetary items in foreign currency translated to Renminbi at the instantexchange rate of that day, the occurred exchange differences are accounted into current gains and losses,except for the exchange difference of special foreign currency borrowing satisfying the conditions ofcapitalization, which is capitalized and accounted into cost of related assts. Non-monetary items inforeign currency and measured with historical costs are still measured at standard currency with exchangerate of the day when the transaction is happened.(2) Translation of foreign currency statementAssets and liability items of overseas business operation in the balance sheet are translated at the spotexchange rate of balance sheet date; shareholders’ equity except for retained profits is translated at the spotexchange rate of the day when they happened. Income and expenses items of overseas business operationin the income statement are translated at the spot exchange rate of the date when the trades happened. Thedifference amount of foreign currency statement translation is demonstrated under shareholders’ equityitems in the balance sheet. The cash flow items of overseas business operation are translated on the spotexchange rate of the day when the cash flow was happened. The influences of fluctuation of exchange rateon cash will be demonstrated in the cash flow statement.9. Financial instruments(1) Classification of financial instrumentsClassification of financial assets and financial liabilitiesThe initial Recognition of financial assets and financial liabilities are divided into the following s: thefinancial assets or financial liabilities that measured at fair values and whose variations are included intothe current gains and losses; held-to-maturity investments; loans and accounts receivable; financial assetsavailable for sale and other financial liabilities.(2) Recognition basis and measurement method for fianncial instrumentsRecognition of financial assts and financial liabilitiesThe recognition of financial assets is the process of counted the items that meet the definition of financialassets and the recognition condition of financial assets into balance sheet. And the recognition of financialliabilities is the process of counted the items that meet the definition of financial liabilities and therecognition condition of financial liabilities into balance sheet.
                                                          深圳市特力(集团)股份有限公司 2012 年半年度报告全文Measurement of financial assets and financial liabilitiesIn initial recognition, the financial assets and financial liabilities are base on the fair value. Concerning thefinancial assets or financial liabilities that measured at fair value and whose variations are included into thecurrent gains and losses, the relevant transaction expenses directly included in current gains and losses;concerning the other types of financial assets or financial liabilities, the relevant transaction expensescounted as the initial recognition amount.The financial assets and financial liabilities shall be follow-up measured based on fair value excluding theloans and account receivable, investment held-to-maturity and other financial liabilities. Other financialliabilities shall be follow-up measured based on the effective-interest method by cost amortizing.The gains and losses from the change of financial assets or financial liabilities measured by fair value andwith variations accounted into current gains and losses account shall be accounted into current gains andlosses.The gains/losses arising from the fair value change of financial assets available for sale, except theexchange difference arising from depreciation losses and foreign currency monetary financial assets,directly accounted into capital reserves. Transfer the gains/losses while determined the financial assetsrecognition, accounted into current gains/losses.The exchange differences from salable foreign currency monetary financial assets shall accounted intocurrent gains/losses. The interest of salable financial assets calculated based on effective-interest methodshall accounted into current gains/losses. The cash dividend of salable investment of equity instrumentshall account into current gains/losses when the invested company declares to issuing the dividend.Concerning the financial assets or financial liabilities calculated based on amortized cost, if there hasgains/losses from depreciation, amortizing or recognizing termination, then shall accounted into currentgains/losses.(3) Recognition basis and measurement method for transfer of fianncial assetsNil(4) Recognition condition for termination of financial liabilityTermination of financial assets and financial liabilitiesTerminated recognition of financial assets means written-off the financial assets from Company’s accountand balance sheet. When the contract of receiving financial assets’ cash flow have been terminated or thefinancial assets have been transfer and meets the terminated recognition of requirements of EnterpriseAccounting Standard No23—Transfer of Financial Assets, the financial assets terminated recognized.Terminated recognition of financial liabilities means written-off the financial liabilities from Company’saccount and balance sheet. Recognized a financial liabilities or partial financial liabilities terminated whenthe financial liabilities is wholly or partially terminated.(5) Deciding of fair value of financial assets and financial liabilitiesDeciding of fair value of financial assets and financial liabilities(1) When there is an active market for the financial instrument, the value quoted at the active market isadopted to determine the fair value;(2) When there isn’t any active market, fair value will be recognized by evaluation techniques;(3) Original obtained or derivative financial assets or undertaken financial liabilities, the fair value shallbase on the trading price in market.(4) the financial instrument’s fair value determined by discount of future cash flows, use the discount rateof market return of the materially same other financial instruments in contract clause or characteristic. Ifthe rate-listless short-term account receivable and the current value of account payable have smalldifference to actual prices, measured based on the actual trading price.(6) Impairment of financial assets (excluding account receivable)Impairment of financial assetsExcept for financial assets accounted at fair value and variation accounted into current gains and lossesaccount, the Company undertakes inspection on the book value of other financial assets at balance sheetday, whenever particle evidence showing that impairment occurred with them, impairment provisions areprovided.
                                                                       深圳市特力(集团)股份有限公司 2012 年半年度报告全文(1) Investment in possession till expirationUpon objective evidence recognized for impairment losses at balance sheet day, the difference betweenbook value at period-end and current value of predicted future cash flow are recognized as impairment thataccounted into current gains/losses.(2) Financial assets available for saleOn balance sheet date, the Company analysis the impairment of financial assets available for sale, if thefair value of financial assets available for sale changes turns dramatically down to over 50% of the initialcost, or the down situation was predicted non-temporary and last more than 12 months after fullyconsidering, than the difference between current value of predicted future cash flows and book value shallaccounted into impairment provision.When there is impairment of financial assets available for sale, transfer the accumulative losses recognizedas losses and accounted in to impairment provision.(7)As for reclassification of un-matured held-to-maturity investments into financial assets availablefor sale, please explain the holding purposes or references for change of abilityNil10. Recognition standards and accrual method for bad debt provision for accounts receivable(1) Bad debt provision for accounts receivable with single major amount
                                                                              The receivable accounts with large amount refers to the
                                                                              receivable accounts over RMB 10 million; the otherDetermine basis or amount standards for single significant amount
                                                                              receivable accounts with large amount refers to the other
                                                                              receivable accounts over RMB 0.5 million.
                                                                              The Company performs impairment test separately on
                                                                              individual receivable accounts with large amount, if found
                                                                              particle evidence on impairment. Concerning the impairment
    withdrawal method for account with single significant amount and              test of single major amount, if there has principal evidence
                                                                              showing impairment, recognized losses according to the
    withdrawal single item bad debt provision                                     difference between current value of original actual discount
                                                                              rate lowers its book value with the predicts future cash
                                                                              flow(excluding the future credit loss) accounted into current
                                                                              gains/losses.(2) Accounts whose bad debts provision was accrued by combination
                                            Methods on withdrawal of
             Combination                    bad debt provision based on                   Basis for combination recognized
                                                   combination
                                        age analysis                      Basis of category for age according to credit risk combinationIn combination, accounts whose bad debts provision was accrued by age analysis:√ applicable □ non-applicable
             Account age                           Rate for receivables (%)                      Rate for other receivables (%)
    Within 1 year (included)                                                         0%                                                        0%
    1-2 years                                                                       5%                                                        5%
    2-3 years                                                                     20%                                                     20%
    Over 3 years                                                                   50%                                                     50%
    3-4 years                                                                     50%                                                     50%
    4-5 years                                                                     50%                                                     50%
    Over 5 years                                                                   50%                                                     50%In combination, withdrawal proportion of bad debt provision based on balance proportion:
                                                         深圳市特力(集团)股份有限公司 2012 年半年度报告全文□applicable √non-applicableIn combination, withdrawal proportion of bad debt provision based on other methods:□applicable √non-applicable(3) Accounts with single significant amount and bad debts provision accrued individuallyReasons for withdrawal single item bad debt provision:The receivable accounts with large amount refers to the receivable accounts over RMB 10 million; theother receivable accounts with large amount refers to the other receivable accounts over RMB 0.5 million.withdrawal method for bad debt provision:On balance sheet day, as for accounts with single significant amount and bad debts provision accruedindividually, the Company recognized losses according to the difference between current value of originalactual discount rate lowers its book value with the predicts future cash flow(excluding the future credit loss)accounted into current gains/losses11.Inventories(1) Categorizing of inventoryInventories are divided into raw materials, inventory products, consumption biological assets, productsand low-value consumable products etc.(2) Calculation method of inventory□ FIFO √ Weigthed Average □ Specific Identification □ OtherThe various inventory’s purchase and storing calculated based on actual cost; Issuing inventories aremeasures by weighted average method, low-value consumption and packages used the separatedamortizing method.(3) Recognition basis of realizable net value of inventory and providing basis of inventoryimpairment provisionRecognition of realizable net value of inventory that directly for selling including completed products,commodity and sale-able materials, the amount of predicted sales prices less predicted sales expenses andtax. Concerning the material inventories need for processing, the net realizable value is the amount ofpredicted sales price less predicted cost at completion of construction, less predicted sales expenses andtax.The provisions of value decrease of inventories: on the balance sheet date, the provisions of value decreaseof inventories are recognized when the net reliable values of inventories are lower than its book values,and are included in the current profits and losses. If the value of inventories is recovered in latter period,the amount of write-down should be resumed and be reversed from the provisions of value decrease ofinventories that has been made. The reversed amount should be transferred to the current profits and losses.While recognized the realizable net value of inventory, based on the value price that have been estimatedby reliable evidence obtained balance sheet date, considering the purpose of inventory, the fluctuationbetween the date of balance sheet and the date of disclosure, if there has principal evidence showing newor more evidence towards inventory at balance sheet date, counted as adjustment item; Otherwise, countedas non-adjustment item.(4) Inventory system√Perpetual Inventory System □ Periodic Inventroy System □ OtherInventory system is the perpetual inventory system.
                                                        深圳市特力(集团)股份有限公司 2012 年半年度报告全文(5) Amortization of low-value consumables and wrappagelow-value consumablesAmortization Method: Divide second amortize methodwrappageAmortization Method: Divide second amortize method12.Long-term equity investment(1) Recognition of initial investment costCategory of long-term equity investmentLong-term equity investments are: long-term equity investments on subsidiaries, long-term equityinvestments on joint enterprises, long-term equity investments on associated enterprises, long-term equityinvestments on enterprises with little control and influence which is not quoted in the principle market andwhose fair value cannot be reliably measured (hereinafter referred to as "other long-term equityinvestments").Recognition of initial investment cost for long-term equity investment(1) Long-term equity investment formed by corporate mergerFor the long-term equity investment formed by corporate merger, if it is the long-term equity investmentobtained from the corporate merger under the same control, the share of book value of owner’s equity onthe merger date shall be taken as the initial investment cost, the difference between the initial investmentcost of long-term equity investment and book value of compensatory payment rate shall be adjusted to theshare capital premium under the capital reserves; if the share capital premium is not enough to neutralizethe difference, it will be adjusted to the retained gains. Directed expenses from corporate merger willaccounted into current gains and losses account when it happened.As for long-term equity investment in subsidiaries formed from business combination not under commoncontrol, fair value of the assets provided, liabilities occurred or assumed and equity securities issued byacquirer for exchange of control over the acquiree was recognized as the investment costs of the long-termequity investment , and the agent fees arising from audit, legal services and appraisal consultation andother related management expenses occurred by acquirer for such combination shall be recognized incurrent gains and losses when occurred(2) long-term investment obtained from other methodsThe long-term equity investment obtained by cash payment shall take the actual amount of payment asinitial investment cost. The initial cost consists of the expenses directly relevant to the obtainment of thelong-term equity investment, taxes and other necessary expenses. But the cash dividends in purchasepayment, which is declared but not yet received, shall be included in a separate account receivable.The long-term equity investment obtained from issuing the equity bonds shall taken the fair value ofissued equity bonds as initial investment cost. The initial cost of a long-term equity investment obtained byissuing equity securities shall be recognized at the fair values of the issued equity securities.The initial cost of a long-term equity investment of an investor shall be recognized at the contractual value,except the contractual value is unfair.
                                                         深圳市特力(集团)股份有限公司 2012 年半年度报告全文If a long-term investment is obtained by the exchange of non-monetary assets, the transaction possessescommercial nature and the fair values of assets received or surrendered can be measured reliably, theinitial cost of the long-term equity investment shall be recognized at the fair values of assets surrenderedand the relevant expenses. The balance of fair values and the book values of assets received is included inthe current profits and losses.If the long-term equity investment is obtained by liabilities restructuring, the initial cost of the long-termequity investment shall be recognized by the fair values of equity. The balance of the initial cost oflong-term equity investment and book value of claim is included in the current profits and losses.(2) Subsequent measurement and recognition of gains/lossesSubsequent measurement of a long-term equity investmentFor a long term equity investment on the subsidiaries, the Company shall be accounted by the cost methodas prescribed by these Standards, and shall make an adjustment by the equity method when it works outconsolidated financial statements. The following long-term equity investments of the joint venture andassociated enterprises shall be measured by the equity method.Recognition of gains/losses of long-term equity investmentThe value of a long-term equity investment measured by the cost method shall be recognized at its initialinvestment cost. The cash dividend or profit enjoyed by invested enterprise that have been announced byinvestment enterprise shall be recognized as investment income, excluding the actual payment amount ofinvestment while obtaining the investment or the cash dividend or profit that have been announced buthave not distributed obtained in the consideration.Long-term equity investment calculated based on equity method, recognized investment income as well asadjusted the book value of long-term equity investment based on the fair value of recognizable assets ofinvested enterprises while obtaining the investment. According to the distribution profit or cash dividendsthat has been announced, calculating the receivable part, decreasing the book value of long-term equityinvestment correspondingly. Concerning other owners’ equity changes of invested enterprises except thenet gains/losses, adjusted the book value of long-term equity investment and accounted into owners’equity.When disposing a long-term equity investment, the difference between its book value and the actualpurchase price shall be included in the current profits and losses. For the long-term equity investmentmeasured by the equity method, any variations other than the changes of net profits and losses of theinvestee are included in the owner's equity. The amount of previous long-term equity investment includedin the owner's equity shall be transferred to the current profits and losses in a certain proportion.(3) Basis of deciding the common control and major influence on the invested enterprise1 )recognition of invested enterprise with common controlCommon controlling means controlling the economic activities jointly according to the contract’sregulations. All joint parties made out a investment contract or Agreement that concerning the significant
                                                        深圳市特力(集团)股份有限公司 2012 年半年度报告全文finance and operation strategy-making, all joint parties consent the significant finance and operationstrategy-making for approving.2)Basis of deciding the major influenceMajor influence refers to the right of decision-making for an enterprise’s finance and operational strategy.Therefore, it can not be controlled or controlled with other parties on these strategy making. Generally, ifthe Company directly/indirectly holds over 20% but lower than 50% voting shares of the investedenterprises though its subsidiaries, shall recognized as major influence on invested enterprises.(4) Impairment test method and withdrwal method of impairment provisionImpairment testing is performed on the long-term equity investment at each balance sheet date. In case ofthere is evidence in subsidiaries, joint venture and associated enterprises showing impairment has occurred,the recoverable amount shall be assessed. If the recoverable amount is lower than the book value, theimpairment provision shall be provided and accounted into current gains and losses and impairmentprovision of long-term equity investment. When impairment has occurred in other equity investment,market return of similar financial assets towards the confirmed current value and the book value ofinvestment, their difference shall be recognized as impairment losses that accounted into currentgains/losses. Once the impairment loss of a long-term equity investment is recognized, it shall not bewritten back in subsequent periods.13. Investment real estate1). Category of investment real estateInvestment real estate divided into rented land use rights, land use right which are held and prepared fortransfer after appreciation and the rented buildings.2). Measurement of investment real estateInvestment real estate is measured according to the initial cost; the Company adopts the cost model to havefollow-up measurements of the investment real estate. In which the depreciation method and impairmentprovision recognition of a building shares the same method with fixed assets’ calculation, the amortizingmethod of land use right and impairment provision recognition shares the same method with intangibleassets’ calculation.14. Fixed assets(1)Recognition of fixed assets1)the economic profit of fixed assets that probably inflow into the Company;2)cost of this fixed assets can measured reliability.(2) Basis of deciding the fixed assets from financing rental and its calculationThe financing rental fixed assets recognizable for the following one or more standards:1)Ownership of the rental fixed assets has transfer to lessee at the expiry of renting.2)The lessee has the option to purchase rental fixed assets, the decision purchase price predicted lowerthan the fair value of rental fixed assets with option rights, therefore, at the begging of lease, reasonablyrecognized that the lessee will use the option rights.3) though the ownership are not transfer, the time of rental occupied most of the proportion of use life of a
                                                                  深圳市特力(集团)股份有限公司 2012 年半年度报告全文rental assets.4) The minimum rental payment current value of the lessee at lease date almost equals to the fair value ofrental fixed assets at lease date; the minimum rental amount received current value of the lesser at leasedate equals to the fair value of rental fixed assets at lease date.5) The rental fixed assets have specific natures, only the lessee can use without making greater changes.At the beginning of leasing, takes the lower ones between fair values of rental fixed assets and minimumrental payment amount as the accounting value for fixed assets rental, the minimum rental payment as theaccounting value of a long-term payable, their difference recognized as uncertain financing expenses. Theinitial directly expenses attributable to rental fixed assets occurred in the leasing negotiation and in theprocess of signing lease contract shall be accounted into value of rental fixed assts.While calculating the current value of minimum rental payment, if the interest rate implicit in the lease ofthe lesser available, the discount rate will be the interest rate implicit in the lease; otherwise, the discountrate will be adopted by the lease contract that have been regulated. If unavailable for the interest rateimplicit in the lease and there is no rate regulated in lease contract, the discount rate will adopt the loanrate from the bank at the same period. Uncertain financing expenses adopt the actual rate for amortizing inevery period of leasing.The depreciation of rental fixed assets will share the same policy with self-owned depreciable fixed assets.If the ownership of rental fixed assets can reasonable recognized, accruing the depreciation in the use lifeof this rental fixed assets. Otherwise, take the shorter time between them for accruing depreciation.Contingent rent accounted into current gains/losses when it happened actually.(3) Depreciation of various fixed assetsDepreciations on fixed assets shall be accounted by using the method of average life length, the servicelife of fixed assets, expected net residual value and the year depreciation rate are as follows:
            Categories                   Depreciation age(year)       Salvage value rate (%)      Annual depreciation ratio (%)
                                    35                            3                            2.77Houses & buildings
                                    12                            3                            8.08equipment and machinery
                                    7                             3                            13.86electronic equipment
                                    7                             3                            13.86transportation equipment
    other equipments                    7                             3                            13.86
    Fixed assts rent-in by financing:                  --                           --                             --Including: Houses & buildingsequipment and machineryelectronic equipmenttransportation equipmentother equipments
                                                         深圳市特力(集团)股份有限公司 2012 年半年度报告全文(4) Impairment test on fixed asset and providing of impairment provisionImpairment testing is performed on fixed assets at each balance sheet day. When evidence showing thatimpairment has occurred, the recoverable value shall be assessed. The recoverable value of an asset isdetermined by the higher value between the net amounts of fair value of fixed assets minus disposalexpenses and the current value of predicted future cash flow of fixed assets. If the recoverable value of anasset is lower than its book value, the balance shall be provided for impairment provision and accountedinto current income account. Once fixed asset impairment is recognized, it shall not be written back insubsequent fiscal periods.(5) Other explanationSubsequent expenditures of fixed assetsSubsequent expenditures of fixed assets refer to the expenditures and fitting fees in the process of renewalduring the use life of a fixed asset. If the subsequent expenditures of fixed assets comply with therequirements of fixed assets, they should be accounted into cost of fixed assets, at the mean time deductedthe book value of the replaced part; if not comply with the requirement, accounted into current gains andlosses.15. Construction-in-progress(1) Classifiacation of construction in progressThe construction-in-progress divided into pre-construction preparation, engineering in progress, settingengineering, technology reformed engineering and overhaul engineering etc. and the cost of construction inprocess is determined at practical construction expenditures.(2) Standards and time while construction in progress transfer to fixed assetsThe construction will be transferred to fixed asset with relative expenses occurred as soon as theconstruction reaches the useful status.(3) Method of impairment testing and impairment provision for construction in progressAt the balance sheet date, as to construction in process which is long-term suspended and will not bere-started in three years, its loss accounted into Construction-in-progress impairment losses shall becalculated by the variance between the recoverable amount and the book value.16. Borrowing expenses(1) Recognition principle of capitalizing of borrowing expensesThe borrowing expenses shall include interests on borrowings, amortization of discounts or premiums onborrowings, ancillary expenses, and exchange balance on foreign currency borrowings. Where theborrowing expenses incurred to an enterprise can be directly attributable to the acquisition andconstruction or production of assets eligible for capitalization, it shall be capitalized and recorded into the
                                                         深圳市特力(集团)股份有限公司 2012 年半年度报告全文costs of relevant assets. Other borrowing expenses shall be recognized as expenses on the basis of theactual amount incurred, and shall be recorded into the current profits and losses.1.Conditions of capitalizationThe borrowing costs shall not be capitalized unless they simultaneously meet the following requirements:1) he asset disbursements have already incurred, which shall include the cash, transferred non-cash assetsor interest bearing debts paid for the acquisition and construction or production activities for preparingassets eligible for capitalization;2) The borrowing costs has already incurred; and3) The acquisition and construction or production activities which are necessary to prepare the asset for itsintended use or sale have already started.(2) Capitalization periodNil(3) Capitalize cost suspensionWhere the acquisition and construction or production of a qualified fixed asset is interrupted abnormallyand the interruption period lasts for more than 3 months, the capitalization of the borrowing costs shall besuspended. The borrowing costs incurred during such period shall be recognized as expenses, and shall berecorded into the current profits and losses, till the acquisition and construction or production of the assetrestarts. If the interruption is a necessary step for making the qualified fixed asset under acquisition andconstruction or production to be ready for the intended use or sale, the capitalization of the borrowingcosts shall continue.(4) The calculation method of loan cost capitalizationthe confirmation of capitalization amountThe loans for construction or production to meet the conditions of assets, the interest expense that actualborrows currently minus the interest income which comes from the funds deposit in the bank or theincome comes from temporary investment.The general borrowing for construction or production to meet the conditions of assets, the average of totalexpenditures of assets and the borrowings which is exceeded by expenditures of assets and then multiplyby the capitalization rate which occupied by general borrowing. The amount of interest is capitalized bythe calculation of general borrowing. The capitalization rate is calculated and determined by the averageinterest of general borrowing.17. Biological assetsNil18. Oil/gas assetsNil19. intangible assets
                                                         深圳市特力(集团)股份有限公司 2012 年半年度报告全文(1) Measurement of intangible assetsThe intangible assets shall be initially measured according to its actual cost.The cost of self-developed intangible assets shall include the total expenditures incurred during the periodfrom the time when it meets the provisions of certain standards to the time when the expected purposes ofuse are realized.(2) Service life estimation for intangible assets with limited service lifeWith regard to intangible assets with limited service life, its amortization amount shall be amortized withinits service life systematically and reasonably. If it is unable to determine the expected realization patternreliably, intangible assets shall be amortized by the straight-line method.
            Item                Service life expected                             Basis(3) Determination basisi for intangible assets with uncertain service lifeIntangible assets with uncertain service life may not be amortized.(4) Withdrwal of impairment of intangible assetsImpairment tests should be conducted towards intangible assets and intangible assets reached no the usefulstatus with uncertain service life at the balance sheet day.For intangible assets with limited life, at the balance sheet day, where any evidence shows that there ispossible assets impairment, the recoverable amount of the assets shall be estimated. If the recoverableamount is lower than its carrying value, the carrying value of the asset shall be recorded down to therecoverable amount, and the reduced amount shall be recognized as the losses of intangible assetimpairment and be recorded as the current profits and losses. Simultaneously, a provision for the assetimpairment shall be made accordingly.Once any loss of asset impairment is recognized, it shall not be switched back in the future accountingperiods.(5) Specific standards for classification of research stage and development for R&D projects in theCompanyNil(6) Calculation of expenditure for internal R&D projectsNil
                                                          深圳市特力(集团)股份有限公司 2012 年半年度报告全文20. Amortization method of long-term prepaid expensesDetermine a reasonable benefit period for Long-term prepaid expenses, and amortize it according to itsaverage benefit period. Concerning the Long-term prepaid expenses with undetermined reasonable benefitperiod shall amortize it according to its average benefit period of no longer than 10 years.21. Assets transfer with repurchase condition attachedInapplicable22. Predicted debts(1) Recognition standards for predicted debtsThe obligation pertinent to contingencies shall be recognized as estimated debts when the followingconditions are satisfied simultaneously:1) That obligation is a current obligation of the enterprise;2) It is likely to cause any economic benefit to flow out of the enterprise as a result of performance of theobligation; and3) The amount of the obligation can be measured in a reliable way.(2) Measurement method for predicted debtsThe predicted debt use the optimum number needed in the current obligations of implement for initialmeasurement. The discharge of predicted debts that needs wholly or partial predicts by the third party forcompensation, compensation amount considered as assets inclusively when recoverable basic confirmed.The confirmed compensation amount should not exceed the book value of predicted debts.If the obligation of a losses contract and undertaken reconstruction obligations meets the requirement ofthe abovementioned conditions, recognized as predicted debts. Promise to selling partial business (namelysigned the agreement of restricting sales) shall be confirmed as reconstruction liability due to thereconstructed.23. Shares payment and equity instrumentInapplicable(1) Category of shares payment(2) Recognition method for fair-value of equity instrument
                                                         深圳市特力(集团)股份有限公司 2012 年半年度报告全文(3) Basis of best estimation for vesting equity instrument(4) Relevant accounting treatment for implementation, amendment and termination of shaerspayment plan24. Shares of the Company repurchasedInapplicable25. Income(1) Detail judgement standards for recognition of selling goods revenue1. No revenue from selling goods may be recognized unless the following conditions are metsimultaneously:1.)The significant risks and rewards of ownership of the goods have been transferred to the buyer by theenterprise;2) The enterprise retains neither continuous management right that usually keeps relation with theownership nor effective control over the sold goods;3) The relevant amount of revenue can be measured in a reliable way;4) The relevant economic benefits may flow into the enterprise; and5) The relevant costs incurred or to be incurred can be measured in a reliable way.(2) Recognition of revenue of assets using right abalienationNo revenue from abalienating of right to use assets may be recognized unless the relevant economicbenefits are likely to flow into the enterprise. The amount of interest revenue should be measured andconfirmed in accordance with the length of time for which the enterprise's cash is used by others and theactual interest rate. The amount of royalty revenue should be measured and confirmed in accordance withthe period and method of charging as stipulated in the relevant contract or agreement.(3) Recognition basis and method of constucion progress completion while recognize revenue fromlabor service providing and from construction contract by percentage of completion methodIf an enterprise can, on the date of the balance sheet, reliably estimate the outcome of a transactionconcerning the labor services it provides, it shall recognize the revenue from providing services employingthe percentage of-completion method.The company adopted the method which applied the proportion of the costs incurred against the estimatedtotal costs to measure the work completed.If an enterprise can not, on the date of the balance sheet, measure the result of a transaction concerning theproviding of labor services in a reliable way, it shall be conducted in accordance with the followingcircumstances, respectively: a. If the cost of labor services incurred is expected to be compensated, therevenue from the providing of labor services shall be recognized in accordance with the amount of the cost
                                                         深圳市特力(集团)股份有限公司 2012 年半年度报告全文of labor services incurred, and the cost of labor services shall be carried forward at the same amount; or b.If the cost of labor services incurred is not expected to compensate, the cost incurred should be included inthe current profits and losses, and no revenue from the providing of labor services may be recognized.26. Government Subsidies(1) CategoryA government subsidy means the monetary or non-monetary assets obtained free by an enterprise from thegovernment, but excluding the capital invested by the government as the owner of the enterprise.Government subsidies consist of the government subsidies pertinent to assets and government subsidiespertinent to income.(2) Accounting treatmentAsset-related government subsidies are recognized as deferred income and accounted into the successiveperiod’s non-operating income account since the relative assets reached the predicted useful status. Therelative assets have been sell-out, transfer, condemned or damaged before the useful life expire, theun-neutralized balance of deferred income shall be accounted into non-operating income of current assetsdisposal.The government subsidies pertinent to incomes, which are used for compensating the related futureexpenses or losses of the enterprise shall be recognized as deferred income and shall included in thecurrent non-operating income during the period when the relevant expenses are recognized while whichare used for compensating the related expenses or losses incurred to the enterprise shall be directlyincluded in the current non-operating income.27. Deferred income tax assets and deferred income tax liabilities(1) Recognition basisi for deferred income tax assetsWhere there is any difference (temporary) between the carrying amount of an asset or liability and its taxbase, it shall be recognized as a deferred income tax liability or deferred income tax asset according to thepresent Standards. At the balance sheet date, the deferred income tax assets and deferred income taxliabilities shall be measured at the tax rate applicable to the period during which the assets are expected tobe recovered or the liabilities are expected to be settledAs for any deductible loss or tax deduction that can be carried forward to the next year, the correspondingdeferred income tax assets shall be determined to the extent that the amount of future taxable income to beoffset by the deductible loss or tax deduction to be likely obtained.For those deductible provisional differences related to investments in subsidiaries, joint ventures andaffiliated enterprises, if these provisional differences may be written back in an expectable future and mayobtained taxable income used to deduct provisional differences in future possibly, are recognized asrelative deferred income tax assets.Those tax deductions which can be used to deduct losses and can be carried on to future years, to theextend of the amount of taxable income used to deduct the deducible losses and deductible tax which canpossibly be obtained, are recognized as corresponding deferred income tax assets.
                                                         深圳市特力(集团)股份有限公司 2012 年半年度报告全文(2) Recognition basisi for deferred income tax liabilityWhere there is any difference (temporary) between the carrying amount of an asset or liability and its taxbase, it shall be recognized as a deferred income tax liability or deferred income tax asset according to thepresent Standards. At the balance sheet date, the deferred income tax assets and deferred income taxliabilities shall be measured at the tax rate applicable to the period during which the assets are expected tobe recovered or the liabilities are expected to be settledFor those taxable provisional differences related to investments in subsidiaries, joint ventures and affiliatedenterprises, if the Company is able to control the writing back time of the provisional differences, andthese provisional differences may neither be written back in an expectable future, are not recognized asrelative deferred income tax liabilities.28. Operation leasing, financing leasing(1) Accounting treatment of operation leasingNil(2) Accounting treatment of financing leasingNil29. Assets held for sales(1) Recognition of assets held for salesNil(2) Accounting treatment of assets held for salesNil30. Assets securitizationNil31. Hedge accountingNil32. Changes of major accounting policies and accounting estimation
                                                          深圳市特力(集团)股份有限公司 2012 年半年度报告全文Whether there have changes of major accounting policies and accounting estimation in report period or not□ Yes √ No(1) Changes in accounting policiesWhether has changes in accounting policies in report period□ Yes √ No(2) Changes in accounting estimatesWhether has changes in accounting estimates in report period□ Yes √ No33. Error correction of previous accountingWhether has error correction of previous accounting occurred in this period□ Yes √ No(1) Retrospective RestatementIs there has errors of previsou accounting adopt retrospective restatement in this period□ Yes √ No(2) Prospective ApplicationIs there has errors of previsou accounting adopt retrospective restatement in this period□ Yes √ No34. Other major accounting policy, accounting estimation and preparation method for financialstatementNil(V) Taxations
      1. The types of tax applicable to the Company, and their tax rates
                    Type                                  Tax base                           Rate
                                           Sales volume of commodity sales; labor
    VAT                                                                                 17
                                           service providingConsumption tax
    Operation tax                              Operation turnover                       5
    City maintaining & construction tax        Taxable turnover                         7
                                                                深圳市特力(集团)股份有限公司 2012 年半年度报告全文
    Corporation income tax                          Taxable income                            25
    Education surcharge                             Taxable turnover                          3
    Local education surcharge                       Taxable turnover                          2The income tax rates applicable to each branch company or plantExcept for Shenzhen Dongchang Yongtong Motor Vehicles Inspection Co., Ltd. and Shenzhen New Yongtong DongxiaoMotor Inspection Co., Ltd. which were applicable to ratified tax rates, the Company and its subsidiaries were subject to theincome tax rate of 25% in 2012.2. Tax preference and approvalsNil3. other explanationNil(VI) Enterprise consolidation and consolidated financial statementsGeneral explanation for enterprise consolidation and consolidated financial statement:1. Subsidiary
                                                                                                                            深圳市特力(集团)股份有限公司 2012 年半年度报告全文(1) Subsidiary obtained by establishment or investment
                                                                                                                                                                      Unit: RMB
                                                                                                                                                                      The balance
                                                                                                                                                                        after the
                                                                                                                                                                          parent
                                                                                                                                                                       company’s
                                                                                                                                                                         owner’s
                                                                                                                                                                          equity
                                                                                                                                                                         writing
                                                                                                                                                                        down the
                                                                                                                                                                        excess of
                                                                                                                                                          Amount in
                                                                                                                                                                       the current
                                                                                                        Balance of                                         minority
                                                                                                                                                                           loss
                                                                                                        other items                                        interest
                                                                                                                             Voting Statements                         undertaken
                                                                                           Investment materially Holding                       Minority    used for
                         Registration    Business    Registered                                                               right   combined                        by minority
    Name         Type                                              Currency Business scope amount actual forming proportion                     interest     writing
                            place         nature      capital                                                              proportion or not                          shareholders
                                                                                          at period-end     net     (%)                                     down
                                                                                                                               (%)                                        of the
                                                                                                        investment                                         minority
                                                                                                                                                                       subsidiary
                                                                                                            to                                             gain and
                                                                                                                                                                         over the
                                                                                                        subsidiary                                           loss
                                                                                                                                                                          share
                                                                                                                                                                       enjoyed by
                                                                                                                                                                        minority
                                                                                                                                                                      shareholders
                                                                                                                                                                          in the
                                                                                                                                                                         original
                                                                                                                                                                         owner’s
                                                                                                                                                                      equity of the
                                                                                                                                                                       subsidiaryShenzhenTellus
    Xinyongtong                                                                Inspection and
    Automobile Wholly-owned                 Service
                          Shenzhen                  32,900,000.00 CNY      maintenance of 57,670,000.00     0.00     100%      100% Yes
    Development subsidiary                  industry
    Co. Ltd                                                                    auto vehicle(TheXinyongtong)Shenzhen SD
             Wholly-owned               Service
    Tellus                    Shenzhen                  7,050,000.00 CNY       Property         5,020,000.00    0.00     100%      100% Yes
             subsidiary                 industryProperty
                                                                                                                        深圳市特力(集团)股份有限公司 2012 年半年度报告全文
    Management                                                               managementCo. Ltd(The TellusProperty)Shenzhen SDTellus Real
                                                                         Development
    Estate     Co. Wholly-owned
                              Shenzhen   Manufacture 31,150,000.00 CNY   and operation    31,150,000.00   0.00   100%     100% Yes
    Ltd            subsidiary
                                                                         of real estate(The RealEstate)ShenzhenTellus Real
    Estate                                                                   Agency of real
               Wholly-owned              Service
    Exchange Co.                  Shenzhen               2,000,000.00 CNY    estate            2,000,000.00   0.00   100%     100% Yes
               subsidiary                industry
    Ltd                                                                      exchange(TheExchange)Shenzhen
    Xinyongtong                                                              Production ofAutomobile
    Inspection     Controlling               Service                         inspection
                              Shenzhen              19,610,000.00 CNY                     10,000,000.00   0.00   51%       51% Yes        4,226,397.45     0.00       0.00
    Equipment      subsidiary                industry                        equipment forCo. Ltd
    (The                                                                     auto vehiclesInspection)ShenzhenFairmontYong TongMotor
               Controlling               Service                         Inspection of
    Vehicle                       Shenzhen               1,500,000.00 CNY                      1,430,000.00   0.00   95%       95% Yes        -162,313.46      0.00       0.00
               subsidiary                industry                        auto vehicleInspectionLimited(FairmontDetection)*ShenzhenXinyongtong
                                                                         ComprehensiveDongxiao
                                                                         inspection on
    Auto           Controlling               Service
                              Shenzhen               1,500,000.00 CNY    road           1,430,000.00      0.00   95%       95% Yes          -51,292.62     0.00       0.00
    Inspection     subsidiary                industry
                                                                         transportationCo.,
                                                                         vehicleLtd(DongxiaoInspection) *
                                                                                                                          深圳市特力(集团)股份有限公司 2012 年半年度报告全文Shenzhen
                                                                            Industrial,Bao’an
                                                                            domesticShiquan
              Wholly-owned                                                  commerce and
    Industrial                 Shenzhen       Commerce       2,000,000.00 CNY                    1,500,000.00   0.00   100%     100% Yes
              subsidiary                                                    materialCo., Ltd
                                                                            supply& sales(Shiquan
                                                                            industryCompany)*ShenzhenSDG Tellus
    Real Estate                                                                 Development
              Wholly-owned
    Huizhou                    Huizhou        Manufacture 4,000,000.00 CNY      and operation    3,090,000.00   0.00   100%     100% Yes
              subsidiary
    Company                                                                     of real estate(HuizhouCompany) *Other explanation on subsidiary obtained by establishment or investment:
                                                                                                                                       深圳市特力(集团)股份有限公司 2012 年半年度报告全文(2) Subsidiaries acquired by business combination under the common control
                                                                                                                                                                                           Unit: RMB
                                                                                                                                                                                              Balance
                                                                                                                                                                                           between the
                                                                                                                                                                                          owners’equity
                                                                                                                                                                                             in parent
                                                                                                                                                                                          offsetting the
                                                                                                                                                                              Amount      current losses
                                                                                                           Balance of                                                                     attributable to
                                                                                                                                                                                  in
                                                                                                          other items                                                                        minority
                                                                                                                                                                              minority
                                                                                                             which                                                                         sharehoders
                                                                                            Actual                                                                             interest
                                                                                                            actually                           Consolidated                                      of
    Name of       Type of     Registered Business   Registered                             investment                     Holding      Voting                    Minority      available
                                                                Currency Business scope                   consititutes                          statement                                  subsidiaries
    subsidiary    subsidiary     place     nature     capital                                amount at                   proportion% proportion%                  interests     to offset
                                                                                                              net                                Yes/No                                   over the share
                                                                                          period-end                                                                          minority
                                                                                                          investment                                                                       of beginning
                                                                                                                                                                                gains
                                                                                                               in                                                                             owner’s
                                                                                                                                                                                 and
                                                                                                          subsidairies                                                                    euiqty in such
                                                                                                                                                                                losses
                                                                                                                                                                                           subsidiaries
                                                                                                                                                                                               by the
                                                                                                                                                                                             minority
                                                                                                                                                                                           shareholdersShenzhenAutomobileIndustry and
    Trading                                                                 Automobile and
              Wholly-owned          Business
    Company                    Shenzhen          58,960,000.00 CNY          accessories    126,250,000.00                       100%       100% Yes
              subsidiary            industry
    (The                                                                    sellingAutomobileIndustryand Trading)Shenzhen SD
    Huari                                                                   Automobile
    Automobile Holding                                                      maintenance &
                                      Service
    EnterpriseCo. subsidiary     Shenzhen              5,000,000.00 USD     production and    19,220,000.00                      60%         60% Yes              18,568,455.66
                                      industry
                                                                        sales of
    Limited                                                                 accessor(The Hua Ri )
                                                                                                                                   深圳市特力(集团)股份有限公司 2012 年半年度报告全文ShenzhenZhongtian
    Industry Co. Wholly-owned          Service
                          Shenzhen                   7,250,000.00 CNY     propertyLeasing 10,700,000.00                  100%      100% Yes
    Ltd          subsidiary            industry(TheZhongtian)ShenzhenHuari Toyota
    Automobile Holding                        Business                        Automobile
                               Shenzhen            2,000,000.00 CNY                             1,810,000.00              60%        60% Yes               -387,375.53
    Co. Ltd      subsidiary                   industry                        selling(The HuariToyota)Huari AnxinAutomobile
    Inspection Ltd Holding                    Service                         Automobile
                               Shenzhen              1,500,000.00 CNY                           1,500,000.00              60%        60% Yes
    in Shenzhen subsidiary                    industry                        inspection(AnxingInspection)*ShenzhenAutomotive
                                                                          Motor vehiclesIndustry
               Wholly-owned          Service                              and parts,
    Supply                      Shenzhen          11,110,000.00 CNY                                 6,480,000.00             100%      100% Yes
               subsidiary            industry                             chemicals,Corporation
                                                                          instruments(SupplyCompany)*
    GuangxiTellus                                                             Motor vehicles
    Automobile Holding                       Service                         and parts,
                               Hezhou                5,000,000.00 CNY                            600,000.00               60%        60% Yes               998,688.54
    Service Co., subsidiary                  industry                        inspection and
    Ltd. *                                                                   leasingOther explanation for subsidiaries acquired by business combination under the common control:(3) Subsidiaries acquired by business combination not under the common controlNil
                                                                                                                                                                                   Unit: RMB
                                                                                  Actual    Balance of                        Consolidated                  Amount in    Balance between the
    Name of         Type of      Registered Business    Registered   Business                              Holding     Voting                   Minority
    subsidiary      subsidiary      place     nature      capital      scope      investment other items proportion% proportion% statement       interests     minority     owners’equity in
                                                                                 amount at which actually                       Yes/No                       interest    parent offsetting the
                                                                                                               深圳市特力(集团)股份有限公司 2012 年半年度报告全文
                                                                                period-end     consititutes                        available to      current losses
                                                                                             net investment                           offset         attributable to
                                                                                             in subsidairies                        minority     minority sharehoders
                                                                                                                                    gains and     of subsidiaries over
                                                                                                                                     losses     the share of beginning
                                                                                                                                                owner’s euiqty in such
                                                                                                                                                  subsidiaries by the
                                                                                                                                                minority shareholdersOther explanation for subsidiaries acquired by business combination not under the common control:
                                                            深圳市特力(集团)股份有限公司 2012 年半年度报告全文2. Special purposes entity or operation entity where controlling right is formed under entrustedoperation or leasing□ Applicable √ Non-applicableOther explanation for special purposes entity or operation entity where controlling right is formedunder entrusted operation or leasing:Nil3. Explanation for changes in consolidation scopeExplanation for changes in consolidation scope:Nil□ Applicable √ Non-applicable4. Entities newly included in consolidate scope during the reporting period and entities ceasing to beincluded in consolidate scope during the reporting periodNilSubsidiaries, special purposes entities, operation entity where controlling right is formed underentrusted operation or leasing newly included in consolidation scope during the period
                                                                                                               Unit: RMB
                       Name                               Net assets as at period-end               Net profit for the periodSubsidiaries, special purposes entities, operation entity where controlling right is formed underentrusted operation or leasing ceasing to be included in consolidation scope during the period
                                                                                                               Unit: RMB
                                                                                               Net profit from the year-begin to
                       Name                            Net assets as at the disposal date
                                                                                                       the disposal dateOther explanation on entities newly included in consolidation scope and entities ceasing to beincluded in consolidation scope:Nil5. Business combination under the common control during the reporting period
                                                                                                               Unit: RMB
                               Basis for                            Consolidated                                 Consolidated
                                                                                          Consolidated net
                           determination of  Actual controller     income for the                             operating activities
                                                                                          profit from this
    Party to be consolidated       business     under the common      period from the                             cash flow from this
                                                                                             period to
                          combination under      control          period-begin to                                  period to
                                                                                         consolidation date
                         the common control                      consolidation date                           consolidation dateOther explanation for business combination under the common control:Nil6. Business combination not under the common control during the reporting period
                                                                                                               Unit: RMB
    Party to be consolidated               Amount of goodwill                          Calculation method for goodwillOther explanation for business combination not under the common control:Nil7. Loss of subsidiaries due to disposal of equity interests without controlling rights during the
                                                                    深圳市特力(集团)股份有限公司 2012 年半年度报告全文reporting periodNil
                       Subsidiary                                    Disposal date              Recognition method for gains and lossesOther explanation for loss of subsidiaries due to disposal of equity interests without controlling rightsNil8. Counter purchase occurred during the reporting period
                                                                                                              Calculation method for
                                                                                                              goodwill recognized in
                                     Basis for determination of         Determination method for            consolidation or recorded in
            Backdoor
                                         counter purchase                  consolidated costs                 current gains and lossesOther explanation for counter purchase:Nil9. Absorption consolidation occurred during the reporting period
                                                                                                                        Unit: RMB
         Types of absorption consolidation                  Major assets consolidated                   Major liabilities consolidated
        Absorption consolidation under
                                                            Item                Amount                    Item               Amount
              common control
    Absorption consolidation not under
                                                            Item                Amount                    Item               Amount
            common controlOther explanation for absorption consolidation:Nil10. Translation exchange rates for items in major statements of overseas operating entitiesNil(VII) Notes to major items in consolidated financial statements1. Monetary capital
                                                                                                                        Unit: RMB
                                             Amount at period-end                               Amount at period-beginning
            Item                                    Exchan                              Original         Exchange
                              Original currency             RMB conversion                                             RMB conversion
                                                    ge rate                             currency           rate
    Cash:                                  --              --             208,811.76           --                --                 246,498.05
    RMB                                    --              --             162,267.18           --                --                 194,395.63
    HKD                                         25,099.2 0.8151             20,458.46         29,172.55          0.8107              23,650.19
    USD                                           1,433 6.3249               9,063.58               1,433        6.3009               9,029.19
    JPY                                         213,851 0.0796              17,022.54        239,494.94           0.0811             19,423.04
    Bank deposits:                         --              --           38,771,239.85          --                --             55,679,936.81
    RMB                                    --              --           38,771,239.85          --                --             55,679,936.81
    Other monetary capital:                --              --             816,150.25           --                --                       138.6
    RMB                                    --              --             816,150.25           --                --                       138.6
    Total                                  --              --           39,796,201.86          --                --             55,926,573.46Separate explanation is required for accounts with restricted application purposes, deposited overseasand of potential recovery risks arising from pledge, mortgage or frozen:
                                                                     深圳市特力(集团)股份有限公司 2012 年半年度报告全文Nil2. Transactional financial assets(1) Transactional financial assets
                                                                                                                         Unit: RMB
                              Item                                   Fair value as at period-end           Fair value as at period-beginTransactional debt investmentsTransactional equity instrument investmentsFinancial assets designated at fair value through profitand lossesDerivative financial assetsHedge instrumentsOthers
    Total                                                                                                0                                     0(2) realization of restricted transactional financial assets
                                                                                                                         Unit: RMB
                                                           Other significant restrictions on restriction
                      Item                                                                                      Amount as at period-end
                                                               conditions for sale or realization(3) Explanation for hedge instruments and related hedge transactionsNil3. Notes receivables(1) Classification of notes receivables
                                                                                                                         Unit: RMB
                         Types                                     Amount at period-end                    Amount at period-begin
    Total                                                                                            0                                         0(2) Notes receivables pledged at period-end
                                                                                                                         Unit: RMB
          Issuer                     Issue date                 Expiring date                  Amount                      Notes
    Total                                    --                           --                                       0             --Explanation:Nil(3)Transfer of notes to notes receivable due to the issuer’s impossibility to perform its obligations,and unmatured notes endorsed to others by the Company as at the period-end
                                                                                                                         Unit: RMB
          Issuer                     Issue date                 Expiring date                  Amount                      Notes
    Total                                    --                           --                                       0             --Explanation:
                                                                     深圳市特力(集团)股份有限公司 2012 年半年度报告全文NilUnmatured notes endorsed to others by the Company
                                                                                                                                Unit: RMB
          Issuer                    Issue date                  Expiring date                      Amount                         Notes
    Total                                   --                            --                                            0               --Explanation:NilExplanation for commercial acceptance notes discounted or pledged:Nil4. Dividend receivables
                                                                                                                                Unit: RMB
             Items            Amount at period-begin       Increase in this period          Decrease in this period        Amount at period-endDividend receivables
                                                      0                                 0                             0                           0aging within 1 yearIncluding:Dividend receivables
                                                      0                                 0                             0                           0aging over 1 year
    Including:                              --                            --                              --                            --
    Total                                                 0                                 0                             0                           0Explanation:Nil5. Interests receivables(1) Interests receivables
                                                                                                                                Unit: RMB
          Items              Amount at period-begin       Increase in this period       Decrease in this period           Amount at period-end
          Total                                   0                                 0                           0                                 0(2)Overdue interests
                                                                                                                                Unit: RMB
                Loan provider                               Times overdue (days)                                  Overdue interests
                     Total                                            --                                                                          0(3)Explanation for interests receivables6. Account receivables
                                                                        深圳市特力(集团)股份有限公司 2012 年半年度报告全文(1) classified by categories
                                                                                                                                Unit: RMB
                                           Amount at period-end                                        Amount at period-begin
                                   Book balance               Bad debt reserve              Book balance                    Bad debt reserve
         Categories
                                          Proportion(                    Proportion(        Proportion(                              Proportion(%
                              Amount                         Amount                  Amount                             Amount
                                              %)                             %)                 %)                                        )Account receivable with
    single significant amount   20,131,654.                    20,131,654.                  20,131,65                     20,131,654.1
                                             40.59%                            100%                     40.86%                                   100%
    and withdrawal bad debt             12                             12                        4.12                                2provision separatelyAccount receivable of bad debt provision withdrawal by combination(Age)
                            12,041,470.                                                 11,708,52
    At book aging                                24.28% 4,782,298.6               39.72%                    23.77%         4,782,298.6          40.84%
                                    22                                                       3.54
                            12,041,470.                                                 11,708,52
    Subtotal of group                            24.28% 4,782,298.6               39.72%                    23.77%         4,782,298.6          40.84%
                                    22                                                       3.54Account receivable with
    single minor amount but     17,424,882.                    17,424,882.                  17,424,88                     17,424,882.5
                                             35.13%                            100%                     35.37%                                   100%
    withdrawal bad debt                 53                             53                        2.53                                3provision singelly
                            49,598,006.                    42,338,835.                  49,265,06                     42,338,835.2
    Total                                         --                              --                         --                                 --
                                    87                             25                        0.19                                5Explanation for category of account receivables:Account receivable with single significant amount and withdrawal bad debt provision separately√ Applicable □ Non-applicable
                                                                                                                                Unit: RMB
    Contents of account receivables           Book balance              Bad debt provision       Provision proportion Reason for provision
    Account for cooperation development                                                                                        Recovery is subject
    with Shenzhen Jinlu Industry and Trade                     9,846,607                 9,846,607                        100% to significant
    Company                                                                                                                    uncertainty
                                                                                                                           Expected to beGoods payment of Guangdong Zhanjiang
                                                         4,060,329.44              4,060,329.44                       100% unable to recover due
    Samsung Automobile Co., Ltd.
                                                                                                                           to long aging
    Land premium of Huizhou Jiandacheng                                                                                          Unlikely to be
                                                          2,021,657.7               2,021,657.7                       100%
    Daoqiao Engineering Company                                                                                                 recoverable
                                                                                                                           Expected to beGoods payment of Jiangling Automibole
                                                         1,191,059.98              1,191,059.98                       100% unable to recover dueManufacturer
                                                                                                                           to long aging
                                                                                                                           Expected to beGoods payment of Guangdong Materials
                                                           1,862,000                 1,862,000                        100% unable to recover dueGroup
                                                                                                                           to long aging
                                                                                                                           Expected to beGoods payment of Yangjiang Automobile
                                                           1,150,000                 1,150,000                        100% unable to recover dueTrading Co., Ltd.
                                                                                                                           to long aging
                    Total                               20,131,654.12          20,131,654.12                  --Account receivable provided for bad debt reserve under aging analysis method in the groups:√ Applicable □ Non-applicable
                                                                                                                                Unit: RMB
                                       Amount at period-end                                            Amount at period-begin
                              Book balance                                                        Book balance
        Aging
                                            Proportion         bad debt reserve                                    Proportion   bad debt reserve
                            Amount                                                           Amount
                                               (%)                                                                    (%)within 1 year
    Including:                    --                   --                    --                       --                   --              --
                                                                  深圳市特力(集团)股份有限公司 2012 年半年度报告全文Subtotal of within
                              785,995.04         6.53%                          0         1,096,064.27          9.36%                      01 year
    1-2 years                    1,112,185.47        9.24%                  28,513.87           578,077.36          4.94%              28,513.87
    2-3 years                     791,856.25         6.58%               163,384.83             816,924.15          6.98%             163,384.83
    Over 3 years                9,351,433.46        77.65%              4,590,399.9           9,217,457.76        78.72%              4,590,399.93-4 years4-5 yearsOver 5 years
    Total                      12,041,470.22         --                 4,782,298.6          11,708,523.54        --                  4,782,298.6Account receivables provided for bad debt reserve under balance percentage method in the groups:□Applicable√ Non-applicableAccount receivables provided for bad debt reserve under other method in the groups:□Applicable√ Non-applicableAccount receivable with single minor amount but withdrawal bad debt provision separately as at period-end√ Applicable □ Non-applicable
                                                                                                                         Unit: RMB
    Contents of account
                                Book balance              Bad debt provision           Provision proportion         Reason for provision
      receivables
                                                                                                                  Expected to be unable to
    Rents of Da Dong Co.,                    801,380.16                     801,380.16                       100%
                                                                                                                  recover due to long aging
    Goods payment of                                                                                                  Expected to be unable to
                                              695,848                     695,848                        100%
    Qinling Auto Co.,                                                                                                 recover due to long agingGoods payment of
                                                                                                                  Expected to be unable to
    Shanghai Auto Industrial                    641,341.9                    641,341.9                       100%
                                                                                                                  recover due to long agingMarketing Co.,Goods payment of China
                                                                                                                  Expected to be unable to
    Auto Trading Guangzhou                        558,000                     558,000                        100%
                                                                                                                  recover due to long agingCo.,Goods payment of
                                                                                                                  Expected to be unable to
    Guangdong Materials                           395,400                     395,400                        100%
                                                                                                                  recover due to long agingGroup Auto Trading Co.,
    Goods payment of                                                                                                  Expected to be unable to
                                              389,640                     389,640                        100%
    Yunnan Lanjian Plant                                                                                              recover due to long agingGoods payment of
                                                                                                                  Expected to be unable to
    Guangdong Materials                           387,000                     387,000                        100%
                                                                                                                  recover due to long agingTrading Center
                                                                                                                  Expected to be unable to
    Other units                           13,556,272.47               13,556,272.47                          100%
                                                                                                                  recover due to long aging
            Total                     17,424,882.53               17,424,882.53                          100%                --(2) Reversal or recovery of account receivables during ther reporting period
                                                                                                                         Unit: RMB
                                                                                      Accumulated provision
                                                         Basis for determination
    Contents of account       Reason for reversal of                                  of bad debt reserve          Amounts reversed or
                                                          of original bad debt
        receivables                 recovery                                            before reversal or             recovered
                                                                 reserve
                                                                                             reovery
              Total                      --                        --                                         0              --Provision for bad debt reserve for account receivable with single significant or minor amount but tested for impairmentseparately as at period-end:
    Contents of account
                                Book balance               Bad debt amount           Provision proportion (%)             Reasons
      receivables
                                                                  深圳市特力(集团)股份有限公司 2012 年半年度报告全文
          Total                                                                               --                            --Explanation for account receivable with single minor amount while the risks of the group categorized with similar riskcharacteristics are relative significant:Nil(3) Account receivables actually written-off during the reporting period
                                                                                                                       Unit: RMB
                                                                                                                       Whether arising
                        Nature of account
    Name of unit                              Time of write-off     Amount written off Reason for write-off             from related
                           receivables
                                                                                                                        transactions
        Total                   --                    --                               0               --                        --Explanation for write-off of account receivables:Nil(4) Account receivables due from the shareholders holding 5% or above voting shares of theCompany during the reporting period□Applicable √Non-applicable(5) Top 5 account receivable
                                                                                                                       Unit: RMB
                             Relationship with the                                                                  Proportion in total
    Name of the company                                         Amount                        Terms
                                   Company                                                                       account receivables (%)Shenzhen Jinlu Industry External
                                                                     9,846,607 Over 5 years                                            19.85%and Trading Co., Ltd.
    GD Zhanjiang Three         External
    Stars Automobile                                                   4,060,329.44 Over 5 years                                               8.19%Holdings Co., Ltd.
    Huizhou Jiandacheng        External
    Daoqiao Engineering                                                 2,021,657.7 Over 5 years                                               4.08%Company
    Guangdong Materials        External
                                                                     1,862,000 Over 5 years                                                3.75%Group
    Jiang Ling Auto            External
                                                                   1,191,059.98 Over 5 years                                                2.4%Manufacturer
          Total                        --                         18,981,654.12               --                                       38.27%(6) Account receivables due from related parties
                                                                                                                       Unit: RMB
                                                                                                            Proportion in total account
    Name of the company         Relationship with the Company                 Amount
                                                                                                                 receivables (%)Shenzhen New Yongtong Auto
                           Associated company                                               927,602                                        1.87%Service Co., Ltd.Shenzhen New Yongtong
    Dongxiao Auto Service Co.,      Associated company                                          680,400                                        1.37%Ltd.
             Total                             --                                          1,608,002                                       3.24%
                                                                  深圳市特力(集团)股份有限公司 2012 年半年度报告全文(7) Account receivables derecognized
                                                                                                                        Unit: RMB
                    Item                            De-recognition amount                  Gains or losses related to derecognition
                    Total                                                           0                                                     0(8) As for securities with account receivables as target subject, list the assets and liabilities airsingfrom further involvement
                                                                                                                        Unit: RMB
    Item                                                                                      Period-endAssets:
    Assets subtotal                                                                                                                           0Liabilities:
    Liabilities subtotal                                                                                                                      07. Other receivables(1) Disclosure of other receivables by classificatoin
                                                                                                                        Unit: RMB
                                           Amount at period-end                                  Amount at period-begin
                                Book balance             Bad debt reserve               Book balance                Bad debt reserve
          Categories
                                           Proportio                  Proportio                  Proportion(                     Proportio
                             Amount                     Amount                     Amount                          Amount
                                             n(%)                       n(%)                         %)                            n(%)Other receivable with
    single significant amount 36,437,380.7                 36,437,380.7               36,437,380.7
                                              49.5%                      100%                       61.34% 36,437,380.71            100%
    and withdrawal bad debt              1                            1                          1provision separatelyOther receivable of bad debt provision withdrawal by combination(Age)
                            31,097,535.2                                          16,893,445.3
                  By age                     42.25% 5,850,021.85        18.81%                      28.44%        5,850,021.85    34.63%
                                       1                                                     7
                            31,097,535.2                                          16,893,445.3
    Subtotal of group                            42.25% 5,850,021.85        18.81%                      28.44%        5,850,021.85    34.63%
                                       1                                                     7Other receivable withsingle minor amount
                          6,076,219.82        8.25% 6,076,219.82         100% 6,076,219.82          10.22%        6,076,219.82      100%wihle withdrawal baddebt provision separately
                            73,611,135.7               48,363,622.3
    Total                                          --                        --       59,407,045.9       --          48,363,622.38      --
                                       4                          8Explanation for category of other receivables:Other receivable with single significant amount and withdrawal bad debt provision separately√ Applicable □ Non-applicable
                                                                                                                        Unit: RMB
    Contents of other
                                 Book balance             Bad debt provision         Provision proportion          Reason for provision
      receivablesCome-and-go accounts
    of Zhongqi South                                                                                               Expected to be unable to
                                       9,832,956.37                9,832,956.37                           100%
    China Auto Sales                                                                                               recover due to long aging
    Company
    Come-and-go accounts                   7,359,060.75                7,359,060.75                           100% Expected to be unable to
                                                                深圳市特力(集团)股份有限公司 2012 年半年度报告全文
    South Industry &                                                                                              recover due to long agingTRADE ShenzhenIndustry CompanyGuarantee liability for
    borrowing of Shenzhen                                                                                         胜诉,对方无资产可执
                                          5,000,000                 5,000,000                        100%
    Zhonghao (Group) Co.,                                                                                         行Ltd.
    Borrowings of Gold
                                                                                                              Expected to be unable to
      BeiliElectrical                  2,706,983.51              2,706,983.51                        100%
                                                                                                              recover due to long aging
    Appliances Company
                                                                                                          Expected to be unable toGuarantee liability for
                                                                                                          recover due to the
    borrowing of Xinxingtai                 2,418,512.9               2,418,512.9                        100%
                                                                                                          non-existence of theTrade Co., Ltd.
                                                                                                          companyGuarantee liability for
                                                                                                              Unlikely to be
    borrowing of Shenzhen                  1,895,712.47              1,895,712.47                        100%
                                                                                                              recoverablePetrochemical GroupCreditor’s rights of
                                                                                                              Expected to be unable to
    Huatong Package Co.,                   1,212,373.79              1,212,373.79                        100%
                                                                                                              recover due to long agingLtd.Borrowings of Heyuan
                                                                                                              Expected to be unable to
    Dongfeng Technology                        930,000                    930,000                        100%
                                                                                                              recover due to long agingService stationAdvance from Shenzhen
    South Great Wall                                                                                              Recovery is subject to
                                        819,460.91                 819,460.91                        100%
    Investment Holding Co.,                                                                                       significant uncertaintyLtd.Related borrowings of
    Shenzhen Xiandao                                                                                              Expected to be unable to
                                        708,072.26                 708,072.26                        100%
    Chemical New Materials                                                                                        recover due to long agingCompanyBorrowings of Shenzhen
                                                                                                              Expected to be unable to
    Dongbao Property                           609,773                    609,773                        100%
                                                                                                              recover due to long agingDevelopment Company
                                                                                                              Expected to be unable to
    Others                                 2,944,474.75              2,944,474.75                        100%
                                                                                                              recover due to long aging
             Total                   36,437,380.71              36,437,380.71               --                            --Other receivable provided for bad debt reserve under aging analysis method in the groups:√ Applicable □ Non-applicable
                                                                                                                     Unit: RMB
                                         Amount at period-end                                    Amount at period-begin
                                   Book balance                                       Book balance
            Aging
                                                    Proporti bad debt reserve                         Proporti      bad debt reserve
                                 Amount                                              Amount
                                                    on (%)                                            on (%)within 1 yearIncluding:
    Subtotal of within 1 year          16,898,613.59 54.34%                              3,781,218.18 22.38%
    1-2 years                            1,759,119.84     5.66%          36,724.11         771,779.12       4.57%                   36,724.11
    2-3 years                            1,058,702.03     3.4%         143,949.19          959,348.32       5.68%                  143,949.19
    Over 3 years                       11,381,099.75      36.6%       5,669,348.55      11,381,099.75 67.37%                  5,669,348.553-4 years4-5 yearsOver 5 years
    Total                              31,097,535.21       --         5,850,021.85      16,893,445.37        --               5,850,021.85
                                                                深圳市特力(集团)股份有限公司 2012 年半年度报告全文Other receivables provided for bad debt reserve under balance percentage method in the groups:□ Applicable √ Non-applicableOther receivables provided for bad debt reserve under other method in the groups:□ Applicable √ Non-applicableOther receivable with single minor amount but withdrawal bad debt provision separately as at period-end√ Applicable □ Non-applicable
                                                                                                                              Unit: RMB
    Contents of other
                                 Book balance                   Bad debt provision          Provision proportion         Reason for provision
      receivablesGoods payment of
                                                                                                                       Expected to be unable to
    Huashengchang Auto                          463,912.46                       463,912.46                        100%
                                                                                                                       recover due to long agingCompanyProperty rental of the
                                                                                                                       Expected to be unable to
    Renminbei branch of                         247,219.98                       247,219.98                        100%
                                                                                                                       recover due to long agingAgricultucal Bank
    Account for employees                                                                                                  Expected to be unable to
                                            217,892.57                       217,892.57                        100%
    to purchase properties                                                                                                 recover due to long aging
                                                                                                                       Expected to be unable to
    Liang Rongde                                182,133.26                       182,133.26                        100%
                                                                                                                       recover due to long agingRental of Shensha
                                                                                                                       Expected to be unable to
    Industry & Trade                             134,835.2                        134,835.2                        100%
                                                                                                                       recover due to long agingCompany
    Chengdu Airplane                                                                                                       Expected to be unable to
                                                 130,000                       130,000                         100%
    Design Institute                                                                                                       recover due to long aging
                                                                                                                       Expected to be unable to
    Other units                            4,700,226.35                     4,700,226.35                           100%
                                                                                                                       recover due to long aging
          Total                        6,076,219.82                     6,076,219.82                           100%               --(2) Reversal or recovery of other receivables during the reporting period
                                                                                                                              Unit: RMB
                                                                                           Accumulated provision
                                                            Basis for determination
      Contents of other        Reason for reversal of                                       of bad debt reserve          Amounts reversed or
                                                             of original bad debt
        receivables                 recovery                                                 before reversal or             recovered
                                                                    reserve
                                                                                                  reovery
              Total                         --                          --                                         0              --Provision for bad debt reserve for other receivable with single significant or minor amount but tested for impairmentseparately as at period-end:
    Contents of account
                                 Book balance                   Bad debt amount           Provision proportion (%)             Reasons
      receivables
          Total                                                                                      --                           --Explanation for other receivable with single minor amount while the risks of the group categorized with similar riskcharacteristics are relative significant:Nil(3) Other receivables actually written-off during the reporting period
                                                                                                                              Unit: RMB
                          Nature of other                                                           Reason for           Whether arising from
    Name of unit                                  Time of write-off      Amount written off
                           receivables                                                               write-off           related transactions
        Total                   --                         --                                 0           --                       --
                                                                 深圳市特力(集团)股份有限公司 2012 年半年度报告全文Explanation for write-off of other receivables:Nil(4) Other receivables due from the shareholders holding 5% or above voting shares of the Companyduring the reporting period□Applicable √Non-applicable(5) Nature or content of other receivables with significant amount
                                                                                                                        Unit: RMB
                                                                        Nature or content of         Proportion in total other receivables
    Name of the company                      Amount
                                                                             account                                 (%)
               Total                                             0               --                                                       0%Explanation:Nil(6) Top 5 other receivable
                                                                                                                        Unit: RMB
                             Relationship with the                                                                   Proportion in total
    Name of the company                                       Amount                             Terms
                                   Company                                                                        account receivables (%)Zhongqi South China
                           External                                  9,832,956.37 Over 3 years                                     13.36%Auto Sales CompanySouth Industry &
    TRADE Shenzhen             External                                  7,359,060.75 Over 3 years                                         10%Industry CompanyShenzhen Zhonghao(Group) Co., Ltd.
                           External                                    5,000,000 Over 3 years                                         6.79%Shenzhen Zhonghao(Group) Co., Ltd.Shenzhen Kaifeng
    Special Vehicles Industry External                                    4,413,728.5 Over 3 years                                            6%Co., Ltd.Gold Beili Electrical
                           External                                  2,706,983.51 Over 3 years                                        3.68%Appliances Company
          Total                        --                        29,312,729.13                  --                                 39.83%(7) Other receivables due from related parties
                                                                                                                        Unit: RMB
                                                                                                              Proportion in total other
    Name of the company          Relationship with the Company                  Amount
                                                                                                                  receivables (%)Shenzhen Tellus Auto Service
                             Associated company                                                740,000                                1.01%Chain Co., Ltd.Shenzhen New Yongtong
                                Associated company                                              80,000                                0.11%Technology Co., Ltd.Shenzhen Yongtong Xinda
    Inspection Equipment Co.,       Associated company                                       510,609.47                                   0.69%Ltd.Shenzhen Xiandao Chemical
                                Associated company                                       708,072.26                                   0.96%New Materials CompanyShenzhen Xinglong
    Machinery Moulding              Associated company                                     1,843,878.06                                   2.5%Company
    Shenzhen Tellus New             Associated company                                       177,716.62                                   0.24%
                                                                     深圳市特力(集团)股份有限公司 2012 年半年度报告全文Yongtong Auto Service Co.,Ltd.Shenzhen Telixing Investment
                             Jint venture                                                    1,172.19                                  0%Co., Ltd
               Total                              --                                       4,061,448.6                             5.51%(8) Other receivables derecognized
                                                                                                                     Unit: RMB
                       Item                             De-recognition amount              Gains or losses related to de-recognition
                   Total                                                               0                                                0(9) As for securities with other receivables as target subject, list the assets and liabilities airsing fromfurther involvement
                                                                                                                     Unit: RMB
    Item                                                                                       Period-endAssets:
    Assets subtotal                                                                                                                         0Liabilities:
    Liabilities subtotal                                                                                                                    08. Payment in advance(1) Ayalysis of payments in advance by aging
                                                                                                                     Unit: RMB
                                     Amount at period-end                                       Amount at period-begin
       Aging                                                        proportion                                             proportion
                                     Amount                                                     Amount
                                                                      (%)                                                  (%)
    within 1 year                                    9,466,938.36           95.46%                            12,487,409.73            96.4%
    1-2 years                                              204,972.92        2.07%                               282,874.86            2.18%
    2-3 years                                              175,673.94        1.77%                               149,513.89            1.16%
    Over 3 years                                            69,743.89            0.7%                                 34,050           0.26%
    Total                                             9,917,329.11          --                                12,953,848.48         --Explanation for aging analysis of payments in advance:Nil(2) Top 5 of payments in advance
                                                                                                                     Unit: RMB
                                Relationship with the
    Name of the company                                               Amount                    Time             Reason for unsettlemtn
                                      Company
                                                                                                              Goods has not beenYiqi Toyota Auto Sales
                              Supplier                                 7,248,811.35                           delivered at theService Co., Ltd.
                                                                                                              destination
                                                                                                              Goods has not beenToyota Auto (China)
                              Supplier                                1,742,762.01                            delivered at theInvestment Co., Ltd.
                                                                                                              destination
    Shenzhen Yongli               Supplier                                       190,263                          Goods has not been
                                                                  深圳市特力(集团)股份有限公司 2012 年半年度报告全文
    Industry Development                                                                                          delivered at the
    Co., Ltd.                                                                                                     destination
                                                                                                              Goods has not beenDongguan Guangdong
                          Supplier                                         115,550                            delivered at theTrading Co., Ltd.
                                                                                                              destinationQingdao Kangpudun
                          Supplier                                         106,010                            Imcomplete bills of notesCompany
    Total                                   --                         9,403,396.36                --                         --Explanation for majoy units paid in advance:Suppliers(3) Shareholders holding 5% or above voting shares of the Company in payments in advance duringthe reporting period□ Applicable √ Non-applicable(4) Explanation for payment in advanceThe period-end balance of payments in advance contains no payment paid to related parties in advance.9. Inventory(1) Classification
                                                                                                                     Unit: RMB
                                        Amount at period-end                                    Amount at period-begin
        Item                                  Depreciation                                            Depreciation
                         Book balance                          Book value            Book balance                        Book value
                                               provision                                               provision
    Raw materials               8,024,255.04       7,487,894.16        536,360.88          8,018,483.52    7,487,894.16            530,589.36
    Product in process          7,283,918.01       4,031,262.45      3,252,655.56         12,932,536.11    4,031,262.45        8,901,273.66
    Stock products             53,034,776.08       13,923,018.5     39,111,757.58         34,683,392.06    13,923,018.5      20,760,373.56Revolving materialsConsumptivebiological assetsLow value
                                  19,024.16                            19,024.16          26,110.13                              26,110.13consumable
    Total                      68,361,973.29 25,442,175.11          42,919,798.18         55,660,521.82   25,442,175.11      30,218,346.71(2) Inventory impairment provision
                                                                                                                     Unit: RMB
                         Book-balance as at       Provision for this           Decrease during this year          Book-balance as atKinds of inventories
                           period-begin                period                Reversal           Written-off          period-end
    Raw materials                      7,487,894.16                                                                            7,487,894.16
    Product in process                 4,031,262.45                                                                            4,031,262.45
    Stock products                     13,923,018.5                                                                            13,923,018.5Revolving materialsConsumptivebiological assets
    Total                             25,442,175.11                        0                   0                  0          25,442,175.11
                                                                 深圳市特力(集团)股份有限公司 2012 年半年度报告全文(3) Particular about inventory impairment provision
                                                                                                          Proportion of the reversal
                                                                     Reason for reversal during          amount during the year in the
                Item                       Provision basis
                                                                              the year                     period-end balance of the
                                                                                                                   inventoryRaw materialsStock commoditiesGoods in processTurn-over materialConsumption biological assetsExplanation on inventoryNil10. Other current assets
                                                                                                                     Unit: RMB
                        Item                             Amount at period-end                        Amount at period-begin
                        Total                                                           0                                                  0Explanation on other current assetsNil11. Financial assets available for sale(1) Particular about financial assets available for sale
                                                                                                                     Unit: RMB
                                Item                               Fair-value at period-end              Fair-value at period-beginBond available for sale
    Equity instrument available for sale                                                   1,264,263                              1,374,249.25Other
    Total                                                                                  1,264,263                              1,374,249.25For financial assets available for sale that re-category from investment held to maturity, re-category amounting as 0 yuan,and takes 0% of the investment held to maturity before re-category.Explanation on financial assets available for saleEquity instrument available for sales refers to the stock of China Merchants Bank(2) Long-term debt investment in financial assets available for sales
                                                                                                                     Unit: RMB
                                                                                                                 Interest
                                                 Initial
                                                                         Balance at                           receivable or   Balance at
    Bond               Type       Book value   investment Expired dated                       Interest
                                                                        period-begin                            received      period-end
                                                  cost
                                                                                                              accumulative
    Total               --             --                    0       --                     0                 0               0                0Explanation on long-term debt investment in financial assets available for salesNil12. Held-to-maturity investment(1) Particular about held-to-maturity investment
                                                                                                                     Unit: RMB
                       Item                           Book balance at period-end                   Book balance at period-begin
    Treasure bill                                                                      121,300                                        121,300
                   Total                                                           121,300                                        121,300Explanation on held-to-maturity investment Nil(2) Held-to-maturity investment that sold in report period but not expired
                                                                                                                     Unit: RMB
    Item                                                  Amount                            Proportion in amount before sold (%)
                                                                深圳市特力(集团)股份有限公司 2012 年半年度报告全文
                Total                                                       0                   --Explanation on held-to-maturity investment that sold in report period but not expiredNil13. Long-term account receivable
                                                                                                       Unit: RMB
                Type                              Amount at period-end                    Amount at period-beginFinancing leasingIncl: Un-realized financing incomeCommodity sales for installmentreceivablesLabor service provided forinstallment receivables
    Other                                                                  2,322,845.69                           2,341,645.69
    Total                                                                  2,322,845.69                           2,341,645.69
                                                             深圳市特力(集团)股份有限公司 2012 年半年度报告全文14. Investment for affiliated enterprise and joint ventures
                                                                                                           Unit: RMB
                                                             Propo
                                                Equit         rtion
                                                   y            of
                                                propo        voting               Total
    Investe                                                               Total               Total net     Total     Net
            Regis                                rtion       rights             liability
    d              Legal Business Register Curre                      assets at             assets at operation profit in
        Type ter                                 held           in                 at
    compan             rep.  nature   capital ncy                       period-en             period-en revenue in    this
            place                               by the       invest            period-en
    y                                                                    d                     d      this period period
                                                Comp            ed                  d
                                                  any        compa
                                                  (%)           ny
                                                               (%)I. Joint ventureShenzh
    en                          Industrial,
           Limi
    Tellus                      property
           ted Shen Zhang               56,704,9                     51,315,5 37,037.0 51,278,4                 411,275.
    Jimeng                      manageme             CNY   50%     50%
           liabi zhen Ruili                60.00                        09.90        7    72.83                      51
    Investm                     nt and
           lity
    ent Co.,                    leasingLtd
    Shenzh                      Industrial,
    en                          property
           Limi
    Tellus                Luo manageme
           ted Shen                     27,200,0                     27,619,5 238,634. 27,380,8 600,366.6 -73,801.
    Hang                   Boju nt and auto          CNY   50%     50%
           liabi zhen                      00.00                        28.97      48     94.49         0      47
    Investm                n    accessory
           lity
    ent Co.,                    purchase
    Ltd.                        and salesII. Affiliated enterpriseShenzhenXinglon
           Limi
    g                           export of
           ted Shen Zhang               27,633,3                     37,662,8 5,688,46 31,974,3                -529,246
    Machin                      mould                CNY   30%     30%
           liabi zhen Ruili                00.00                        03.54     6.86    36.68                     .14
    ery                         process
           lityMouldCo.,Ltd.Shenzhen
    Tellus     Limi            auto
                      Wu
    Auto       ted Shen        maintenan 2,000,00                        1,680,40 9,087,44 -7,407,03 825,088.0 91,536.6
                      Yong                    CNY      40%     40%
    Service    liabi zhen      ce and        0.00                            6.58     0.51      3.93         7        2
                      gang
    Chain      lity            leasingCo.,Ltd.Shenzhen Zung
    Fu         Limi             sales of
                      Tan
    Tellus     ted Shen         auto and  30,000,0                       581,315, 409,343, 171,972, 1,048,117, -13,354,
                      Yanli                    CNY     35%     35%
    Auto       liabi zhen       maintenan    00.00                        691.64 007.30 684.34         850.63 233.43
                      ng
    Service    lity             ceCo.,Ltd.Shenzhen Auto
           Limi       Huan import andIndustr
           ted Shen g       export of 13,250,0     35.75 35.75 54,829,8 32,579,2 22,250,6 5,338,710. -824,377
    y Imp&                                         CNY
           liabi zhen Weiqi auto         00.00        %     %     75.15    15.06    60.09        92       .84Exp
           lity       ang accessoriesCo.,Ltd.Shenzh
        Limi Shen Xu   production 80,000,0                           282,791, 165,670, 117,121, 71,244,67 -141,673
    en                                         CNY         25%     25%
        ted zhen Tians of auto and   00.00                            825.45 243.72 581.73           5.00      .41
    Dongfe            heng maintenan
        liabing Auto
                                                             深圳市特力(集团)股份有限公司 2012 年半年度报告全文
    Co.,       lity             ceLtd.Shenzhen
                             Security
    Xinyon     Limi
                      Li     technology
    gtong      ted Shen                     1,600,00                    3,003,23 1,217,89 1,785,34 3,377,114. 119,073.
                      Jinlon inspection          CNY   31%    31%
    Technol    liabi zhen                     &nb