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特力A(000025)公告正文

特 力B:2014年第一季度报告全文(英文版)

公告日期:2014-04-29

                   深圳市特力(集团)股份有限公司 2014 年第一季度报告全文




Shenzhen Tellus Holding Co., Ltd.
    First Quarterly Report 2014




            April 2014




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                                                                深圳市特力(集团)股份有限公司 2014 年第一季度报告全文




                                     Section I. Important Notes

Board of Directors and the Supervisory Committee of Shenzhen Tellus Holding Co., Ltd. (hereinafter referred to
as the Company) and its directors, supervisors and senior executives should guarantee the reality, accuracy and
completion of the quarterly report, there are no any fictitious statements, misleading statements or important
omissions carried in this report, and shall take legal responsibilities, individual and/or joint.


All Directors are attended the Board Meeting for Quarterly Report deliberation.


Lv Hang, Person in charge of the Company, Luo Bojun, person in charger of accounting works, CFO Fu Bin and
Ke Wensheng, person in charger of accounting organ (accounting officer) hereby confirm that the Financial
Report of this Quarterly Report is authentic, accurate and complete.




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                                                                          深圳市特力(集团)股份有限公司 2014 年第一季度报告全文




           Section II. Main financial data and changes of shareholders

I. Main accounting data and financial indexes

Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting
error correction or not
□ Yes   √No

                                                                                                            Changes of this period over
                                                     Current Period           Same period of last year
                                                                                                            same period of last year (%)
Operating income (RMB)                                      117,565,727.89               111,783,990.45                          5.17%
Net profit attributable to shareholders of
                                                               3,311,004.94                 4,533,841.25                        -26.97%
the listed company(RMB)
Net profit attributable to shareholders of
the listed company after deducting                             3,304,596.89                 -2,613,488.92
non-recurring gains and losses(RMB)
Net cash flow arising from operating
                                                             -14,227,400.17                 -4,583,172.09
activities(RMB)

Basic earnings per share (RMB/Share)                                  0.015                       0.0206                        -27.18%
Diluted earnings per share (RMB/Share)                                0.015                       0.0206                        -27.18%
Weighted average ROE (%)                                              1.72%                        2.43%                         -0.71%

                                                                                                            Changes of this period-end
                                               At the end of the reporting
                                                                               At the end of last year      over same period-end of last
                                                           period
                                                                                                                     year (%)
Total assets (RMB)                                          735,383,295.66               700,998,151.85                          4.91%
Net assets attributable to shareholder of
                                                            194,517,527.82               191,351,957.28                          1.65%
listed company (RMB)

Items of non-recurring gains and losses
√ Applicable    □ Not applicable
                                                                                                                                 In RMB
                                                                       Amount from year-begin to
                                Item                                                                                Note
                                                                               period-end

Other non-operating income and expenditure except for the
                                                                                            7,308.05
aforementioned items

     Impact on minority shareholders’ equity (post-tax)                                     900.00

Total                                                                                       6,408.05                  --

Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for Companies
Offering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according to
the lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their
Securities to the Public --- Extraordinary Profit/loss, explain reasons

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                                                                       深圳市特力(集团)股份有限公司 2014 年第一季度报告全文


□ Applicable √ Not applicable

II. Total number of shareholders at the end of this report period and top ten shareholders
                                                                                                                                 In shares
Total shareholders
                                                                                                                                  16,009
at the end of report period

                                                        Top ten shareholders
                                                                                 Amount of
                              Nature of    Proportion of       Amount of                            Number of share pledged/frozen
 Shareholder’s name                                                           restricted shares
                          shareholder     shares held (%)      shares held                          State of share        Amount
                                                                                     held

SHENZHEN SDG           State-owned
                                                   66.22%        145,870,560        14,587,056
CO., LTD               corporation

Guoyuan Securities
                       Foreign
Brokerage (Hong                                     0.92%          2,027,400
                       corporation
Kong) Co., Ltd.

                       Domestic nature
Zhang Yimei                                         0.63%          1,398,200
                       person

                       Domestic nature
Lu Xueying                                          0.47%          1,040,000
                       person

                       Domestic
Huatai Securities
                       non-state-owned              0.32%            714,833
Co., Ltd.
                       corporation

FISRT SHANGHAI Foreign
                                                    0.26%            572,377
SECURITIES LTD. corporation

                       Domestic nature
Fu Shaoming                                         0.24%            524,920
                       person

                       Domestic nature
Ling Fengyuan                                       0.23%            517,158
                       person

                       Domestic nature
Chen Guosheng                                       0.23%            515,707
                       person

                       Domestic nature
Chen Bing                                           0.23%            500,026
                       person

                                          Top ten shareholders with unrestricted shares held

                                                                                                               Type of shares
            Shareholder’s name                    Amount of unrestricted shares held
                                                                                                            Type          Amount

                                                                                                   RMB ordinary
SHENZHEN SDG CO., LTD                                                              131,283,504                             131,283,504
                                                                                                   shares

                                                                                                   Domestically
Guoyuan Securities Brokerage (Hong
                                                                                      2,027,400 listed foreign                  2,027,400
Kong) Co., Ltd.
                                                                                                   shares



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                                                                      深圳市特力(集团)股份有限公司 2014 年第一季度报告全文


                                                                                                   RMB ordinary
Zhang Yimei                                                                            1,398,200                      1,398,200
                                                                                                   shares

                                                                                                   RMB ordinary
Lu Xueying                                                                             1,040,000                      1,040,000
                                                                                                   shares

                                                                                                   RMB ordinary
Huatai Securities Co., Ltd.                                                             714,833                         714,833
                                                                                                   shares

                                                                                                   Domestically
FISRT SHANGHAI SECURITIES
                                                                                        572,377 listed foreign          572,377
LTD.
                                                                                                   shares

                                                                                                   RMB ordinary
Fu Shaoming                                                                             524,920                         524,920
                                                                                                   shares

                                                                                                   Domestically
Ling Fengyuan                                                                           517,158 listed foreign          517,158
                                                                                                   shares

                                                                                                   RMB ordinary
Chen Guosheng                                                                           515,707                         515,707
                                                                                                   shares

                                                                                                   RMB ordinary
Chen Bing                                                                               500,026                         500,026
                                                                                                   shares

                                       Among the top ten shareholders, there exists no associated relationship between the
                                       state-owned legal person’s shareholders Shenzhen SDG Co., Ltd and other shareholders,
Explanation on associated relationship and they do not belong to the consistent actionist regulated by the Management Measure of
among the aforesaid shareholders       Information Disclosure on Change of Shareholding for Listed Companies. For the other
                                       shareholders of circulation share, the Company is unknown whether they belong to the
                                       consistent actionist.

                                       Shareholder Fu Shaoming holding 524,920 shares of the Company through customer credit
Explanation on top ten shareholders collateral securities trading account of GF Securities Co., Ltd. shareholder Chen Bing
involving      margin    business   (if holding 400,000 shares of the Company through customer credit collateral securities
applicable)                            trading account of Essence Securities Co., Ltd., and 100,026 shares held by common
                                       account with    500,026 shares held in total.

Whether has a buy-back agreement dealing in reporting period
□ Yes √ No




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                                                          深圳市特力(集团)股份有限公司 2014 年第一季度报告全文




                               Section III. Significant Events

I. Particulars about material changes in items of main accounting statement and financial
index and explanations of reasons

I. Items of balance sheet
1. Account paid in advance increase 75.42% from the beginning of the Period, mainly because the account of
vehicles paid in advance to FAW Toyota Sales Co., Ltd. from Shenzhen Huari Toyota Automobile Sales Serves
Co., Ltd., subsidairy of the Company, increased;
2. Other account receivable increase 227.52% from the beginning of the Period, mainly because the income
tax did not offset of the Company Shenzhen Huari Toyota Automobile Sales Serves Co., Ltd. is increased;
3. Other current assets decrease 99.32% from the beginning of the Period, mainly due to the input tax ready for
deduction, that is, car sales deduction from subsidiary of the Company Shenzhen Huari Toyota Automobile Sales
Serves Co., Ltd. decreased in the Period;
4. Construction in process increase 33.76% from the beginning of the Period, mainly because expenses for the
construction of Shuibei Jewerly Building increased;
5. Intangible assets increase 806.59% from the beginning of the Period, mainly because HQ of Tellus Group
purchased RMB 275,000 operatig system software;
6. Other non-current assets increase 100% from the beginning of the Period, mainly because 50% land value of
Shuibei Jewerly Building project was paid by Shenzhen Zhongtian Industrial Co., Ltd., the subsidiar of the
Company;
7. Note receivable decrease 82.36% from the beginning of the Period, mainly because bank acceptance from
Shenzhen Huari Toyota Automobile Sales Serves Co., Ltd. decreased, the subsidiar of the Company;
8. Account received in advance decrease 60.57% from the beginning of the Period, mainly because sales from
Shenzhen Huari Toyota Automobile Sales Serves Co., Ltd. was carry-over to the account received in advance for
car sales.
II. Items of profit statement
1. Investment earnings grew RMB 4,376,445.28 from a year earlier, mainly becuse more earnings obtained from
affiliated enterprise-- Shenzhen Zung Fu Tellus Auto Service Co., Ltd.
2. Non-operation revenue down 95.66 percent from a year earlier, mainly becasue non-operation revenue for last
period was the income from dipsoal of non-current assets from subsidiary Shenzhen SD Huari Automobile
Enterperise Co., Ltd.
3. Non-operation expenditure down 100 percent from a year earlier, mainly becasue non-operation expenditure for
last period was the losses from disposal of non-current assets from subsidiary Shenzhen SD Huari Automobile
Enterperise Co., Ltd., and no such losses occurred in the Period.
4. Income tax grew 241.89 percent from a year earlier, mainly because profit accrual for income tax expenses
from subsidiary Shenzhen Xinyongtong Auto Vehicle Inspection Equipment Co., Ltd. increased.

II. Analysis and explanation of significant events and their influence and solutions

Nil



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                                                                     深圳市特力(集团)股份有限公司 2014 年第一季度报告全文


                                                                                         Information index for temporary report
                Overview                                Date for disclosure
                                                                                                        disclosure


III. Commitments from the Company or shareholders (with over 5% shares held) in or
occurred in the previous period but continued to reporting period

                                                                                       Commitment Commitment
  Commitments      Accepter                          Contents                                                        Implementation
                                                                                           time          period
                              (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 losses suffered
                              thereafter”.
                              (5) SDG declared: “The Promiser would dutifully fulfill
                              its commitments and shoulder corresponding legal
                              responsibilities. The Promiser would transfer the shares
Share Merger                  held by it only if the assignee agree and have the ability
                   SDG                                                                   2005-12-25   Long-term      Implementing
Reform                        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 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


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                                                                                      深圳市特力(集团)股份有限公司 2014 年第一季度报告全文


                                        Exchange.
                                        3. Relevant expenses of this Share Merger Reform of
                                        Tellus would be paid by SDG.
Commitments in
report of
acquisition or
equity change

Commitments in
assets
reorganization

Commitments make
in initial public
offering or
re-financing

Other commitments
to minority
shareholders of the
Company

Completed on time
                            Y
or not

Specific reasons for
uncompleted
commitment and              N/A
further plan (if
applicable)

IV. Predict of the business performance from January to June 2014
Warnings and reasons of the predict that the cumulative net profit from the begin of the year to the end of next report period may be
loss or have great changes comparing with the same period of last year
□Applicable            √Not applicable


V. Securities Investment

                                                          Amount
                                                             of         Proportio Amount Proportio
                                            Initial       stock-hol        n of       of             n of      Book
 Variety                                                                                                                   Gains and
               Code of          Short      investmen ding at            stock-hol stock-hol stock-hol value at
    of                                                                                                                     loss in the Accounti Source of
              securitie         form of        t            the         ding at the ding at       ding at the the end of
securitie                                                                                                                  reporting ng subject   stock
                    s        securities cost(RM beginning beginning the end of end of the the period
     s                                                                                                                      (RMB)
                                              B)           of the         of the   the period       period     (RMB)
                                                           period       period (% (Share)            (%)
                                                          (Share)

Total                                              0.00             0       --                0       --           0.00         0.00     --        --

Date of notice disclosed


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                                                                                  深圳市特力(集团)股份有限公司 2014 年第一季度报告全文


approved by the Board

Date of notice disclosed
approved by general meeting (if
applicable)

Explanation on holding equity of other listed company
√Applicable    □Not applicable

Up to end of the Period, the Company holds 135,920 shares of China Merchants Bank Co., Ltd. (Short form of
Stock: China Merchants, Stock Code: 600036), listed in Shanghai Stock Exchange; accounting item as: financial
assets avialable for sales; period-end fair value was: RMB 1,334,734.40; year-begin fair value: RMB1,480,168.80.

VI. Derivative Investment

                                                                                                                                       In 10 thousand Yuan

                                                                                                                                       Ratio of
                                                                                                                                       investmen
                                                                                                           Amount
                                                                                                                                       t amount
                                                                                                          of reserve
                                                                                                                                           at
                                                                                          Investme           for         Investme
                           Whether                                                                                                     period-en       Actual
               Related                               Initial                             nt amount devaluati nt amount
                            related                                                                                                     d in net gains/loss
 Operator relationsh                      Type     investmen                                    at          on of           at
                           trade or                                Start date End date                                                 assets of           es in
                 ip                                      t                               period-be withdrawi period-en
                              not                                                                                                         the          period
                                                                                                gin        ng (if           d
                                                                                                                                       Company
                                                                                                          applicable
                                                                                                                                           at
                                                                                                              )
                                                                                                                                       period-en
                                                                                                                                         d (%)

Total                                                          0      --           --                 0              0             0            0%                 0

Capital resource                                   N/A

Disclosure date for approval from the
Board for investment of derivatives (if
applicable)

Disclosure date for approval from general
meeting for investment of derivatives (if
applicable)


VII. Registration form for receiving research, communication and interview in the report period
                                                                                                                                 Contents discussed and
        Date                      Place                Method               Type of investors             Investor
                                                                                                                                   materials supplied
                                                                                                                            I. Discussion as: 1. history
                                                                                                                            and        evolution       of      the
                         Conference room                                                         Minority                   Company,                  industrial
2014-03-03                                       Field research            Individual
                         of the     Company                                                      shareholder                structure       and        business
                                                                                                                            development               of       the
                                                                                                                            Company;             2.          basic


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深圳市特力(集团)股份有限公司 2014 年第一季度报告全文


                           conditions of the latest
                           foreign investment projects
                           that        disclosed;        3.
                           development of the vehicle
                           business in the future. II.
                           Materials      provided:      1.
                           Annual Report of 2012; 2.
                           Resolution Notice of the
                           Board         (No.2013-002);
                           3.Notice       of        Foreign
                           Investment (No.2013-003)
                           and 4. Notice of Foreign
                           Investment (No.2013-004)




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                                                                 深圳市特力(集团)股份有限公司 2014 年第一季度报告全文




                                           Section IV. Financial statement

I. Financial statement
1. Consolidated balance sheet
Prepared by ShenZhen Tellus Holding Co.,Ltd.
                                                                                                                 In RMB

                      Items                         Closing balance                       Opening balance

Current assets:

       Monetary funds                                                 67,919,642.51                     69,898,791.56

       Settlement provisions

       Capital lent

       Transaction finance asset

       Notes receivable

       Accounts receivable                                             4,534,223.44                         5,016,738.78

       Accounts paid in advance                                       14,576,662.91                         8,309,574.73

       Insurance receivable

       Reinsurance receivables

       Contract reserve of reinsurance
receivable

       Interest receivable

       Dividend receivable

       Other receivables                                              26,294,635.66                         8,028,356.69

       Purchase restituted finance asset

       Inventories                                                    45,154,395.76                     62,826,365.70

       Non-current asset due within one
year

       Other current assets                                              79,542.05                      11,644,102.02

Total current assets                                             158,559,102.33                        165,723,929.48

Non-current assets:

       Granted loans and advances

       Finance asset available for sales                               1,334,734.40                         1,480,168.80

       Held-to-maturity securities                                      100,000.00                           100,000.00

       Long-term account receivable

       Long-term equity investment                               205,871,139.44                        201,873,586.75



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                                                深圳市特力(集团)股份有限公司 2014 年第一季度报告全文


     Investment property                         87,279,850.64                         88,422,673.91

     Fixed assets                               148,235,989.38                       149,968,663.80

     Construction in progress                    55,698,913.74                         41,642,020.40

     Engineering material

     Disposal of fixed asset

     Productive biological asset

     Oil and gas asset

     Intangible assets                             301,486.96                             33,255.04

     Expense        on    Research        and
Development

     Goodwill

     Long-term         expenses      to    be
                                                   757,153.06                            848,038.96
apportioned

     Deferred income tax asset                   24,566,702.71                         24,566,702.71

     Other non-current asset                     52,678,223.00                         26,339,112.00

Total non-current asset                         576,824,193.33                       535,274,222.37

Total assets                                    735,383,295.66                       700,998,151.85

Current liabilities:

     Short-term loans                           163,752,422.00                        110,969,952.93

     Loan from central bank

     Absorbing deposit and interbank
deposit

     Capital borrowed

     Transaction financial liabilities

     Notes payable                                2,809,098.04                         15,920,748.09

     Accounts payable                            22,200,308.49                         22,008,010.24

     Accounts received in advance                 8,709,199.96                         22,087,866.51

     Selling     financial        asset    of
repurchase
     Commission           charge          and
commission payable

     Wage payable                                11,670,454.80                         14,408,687.62

     Taxes payable                               16,164,311.74                         16,687,262.22

     Interest payable

     Dividend payable

     Other accounts payable                     118,890,559.27                       107,809,585.66



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                                                  深圳市特力(集团)股份有限公司 2014 年第一季度报告全文


       Reinsurance payables

       Insurance contract reserve

       Security trading of agency

       Security sales of agency

       Non-current liabilities due within 1
                                                   12,000,000.00                         12,000,000.00
year

       Other current liabilities

Total current liabilities                         356,196,354.30                        321,892,113.27

Non-current liabilities:

       Long-term loans                            128,000,000.00                       131,000,000.00

       Bonds payable

       Long-term account payable                   13,319,681.59                         13,319,681.59

       Special accounts payable

       Projected liabilities

       Deferred income tax liabilities              1,248,087.86                          1,248,087.86

       Other non-current liabilities               29,823,013.37                         29,823,013.37

Total non-current liabilities                     172,390,782.82                       175,390,782.82

Total liabilities                                 528,587,137.12                       497,282,896.09

Owner’s      equity     (or     shareholders’
equity):

       Paid-in capital (or share capital)         220,281,600.00                       220,281,600.00

       Capital public reserve                       8,363,096.78                          8,508,531.18

       Less: Inventory shares

       Reasonable reserve

       Surplus public reserve                       2,952,586.32                          2,952,586.32

       Provision of general risk

       Retained profit                            -37,079,755.28                        -40,390,760.22

       Balance      difference     of   foreign
currency translation
Total owner’s equity attributable to
                                                  194,517,527.82                       191,351,957.28
parent company

Minority interests                                 12,278,630.72                         12,363,298.48

Total owner’s equity(or shareholders’
                                                  206,796,158.54                       203,715,255.76
equity)
Total liabilities and owner’s equity(or
                                                  735,383,295.66                       700,998,151.85
shareholders’ equity)




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Legal representative: Lv Hang                                           Person in charger of accounting works: Luo Bojun
Person in charger of accounting organ: Ke Wensheng


2. Balance sheet of parent company
Prepared by ShenZhen Tellus Holding Co.,Ltd.
                                                                                                                     In RMB

                      Items                          Closing balance                          Opening balance

Current assets:

       Monetary funds                                                  16,748,431.92                        30,209,143.04

       Transaction finance asset

       Notes receivable

       Accounts receivable

       Accounts paid in advance                                           49,000.00                               21,000.00

       Interest receivable

       Dividend receivable

       Other receivables                                               89,651,847.01                        36,330,120.01

       Inventories

       Non-current asset due within one
year

       Other current assets

Total current assets                                              106,449,278.93                            66,560,263.05

Non-current assets:

       Finance asset available for sales                                1,334,734.40                            1,480,168.80

       Held-to-maturity investment

       Long-term account receivable

       Long-term equity investment                                430,959,171.49                           426,777,549.25

       Investment property                                             55,177,797.00                        55,919,100.96

       Fixed assets                                                    18,543,602.20                        18,675,995.34

       Construction in progress                                          251,308.70                              251,308.70

       Engineering material

       Disposal of fixed asset

       Productive biological asset

       Oil and gas asset

       Intangible assets                                                 301,486.96                               33,255.04

       Expense        on      Research   and
Development


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                                                 深圳市特力(集团)股份有限公司 2014 年第一季度报告全文


       Goodwill

       Long-term        expenses     to     be
                                                      55,154.56                            65,496.04
apportioned

       Deferred income tax asset                  14,025,080.64                         14,025,080.64

       Other non-current asset

Total non-current asset                          520,648,335.95                       517,227,954.77

Total assets                                     627,097,614.88                       583,788,217.82

Current liabilities:

       Short-term loans                          112,544,160.00                         67,544,160.00

       Transaction financial liabilities

       Notes payable

       Accounts payable

       Accounts received in advance

       Wage payable                                4,004,903.00                          4,145,439.65

       Taxes payable                                393,894.62                            403,514.95

       Interest payable

       Dividend payable

       Other accounts payable                    285,552,395.75                        287,687,112.90

       Non-current liabilities due within 1
                                                   6,000,000.00                          6,000,000.00
year

       Other current liabilities

Total current liabilities                        408,495,353.37                       365,780,227.50

Non-current liabilities:

       Long-term loans                            94,000,000.00                         95,500,000.00

       Bonds payable

       Long-term account payable

       Special accounts payable

       Projected liabilities

       Deferred income tax liabilities              278,641.88                            278,641.88

       Other non-current liabilities

Total non-current liabilities                     94,278,641.88                         95,778,641.88

Total liabilities                                502,773,995.25                       461,558,869.38

Owner’s       equity     (or   shareholders’
equity):

       Paid-in capital (or share capital)        220,281,600.00                       220,281,600.00




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                                                                   深圳市特力(集团)股份有限公司 2014 年第一季度报告全文


     Capital public reserve                                           5,169,673.50                             5,315,107.90

     Less: Inventory shares

     Reasonable reserve

     Surplus public reserve                                           2,952,586.32                             2,952,586.32

     Provision of general risk

     Retained profit                                               -104,080,240.19                          -106,319,945.78

     Balance    difference     of   foreign
currency translation
Total owner’s equity(or shareholders’
                                                                   124,323,619.63                           122,229,348.44
equity)
Total liabilities and owner’s equity(or
                                                                   627,097,614.88                           583,788,217.82
shareholders’ equity)


Legal representative: Lv Hang                                         Person in charger of accounting works: Luo Bojun
Person in charger of accounting organ: Ke Wensheng


3. Consolidated Profit Statement
Prepared by ShenZhen Tellus Holding Co.,Ltd.
                                                                                                                    In RMB

                  Items                              This Period                              Last Period

I. Total operating income                                          117,565,727.89                           111,783,990.45

Including: Operating income                                        117,565,727.89                           111,783,990.45

     Interest income

     Insurance gained

     Commission            charge       and
commission income

II. Total operating cost                                           118,232,015.68                           107,295,506.39

Including: Operating cost                                          100,618,068.06                            88,377,796.06

     Interest expense

     Commission            charge       and
commission expense

     Cash surrender value

     Net    amount       of   expense    of
compensation
     Net amount of withdrawal of
insurance contract reserve

     Bonus expense of guarantee slip

     Reinsurance expense



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         Operating tax and extras                      1,171,720.40                         1,621,199.00

         Sales expenses                                4,762,538.72                         4,758,585.57

         Administration expenses                       7,745,000.09                         8,975,204.98

         Financial expenses                            3,934,688.41                         3,562,720.78

         Losses of devaluation of asset

         Add: Changing income of fair
value(Loss is listed with “-”)
         Investment income (Loss is listed
                                                       3,997,552.69                          -378,892.59
with “-”)
         Including: Investment income on
affiliated company and joint venture
         Exchange income (Loss is listed
with “-”)
III. Operating profit         (Loss is listed
                                                       3,331,264.90                         4,109,591.47
with “-”)

         Add: Non-operating income                         7,308.05                           168,476.04

         Less: Non-operating expense                                                            3,900.00

         Including:   Disposal      loss   of
non-current asset
IV. Total Profit       (Loss is listed with
                                                       3,338,572.95                         4,274,167.51
“-”)

         Less: Income tax                               112,235.77                             32,827.67

V. Net profit (Net loss is listed with “-”)          3,226,337.18                         4,241,339.84

Including: Net profit achieved by the
merged party before the merger

         Net profit attributable to owner’s
                                                       3,311,004.94                         4,533,841.25
equity of parent company
     Minority shareholders’ gains and
                                                         -84,667.76                          -292,501.41
losses

VI. Earnings per share                          --                                  --

i. Basic earnings per share                                  0.015                                0.0206

ii. Diluted earnings per share                               0.015                                0.0206

VII. Other consolidated income                          -145,434.40                          -129,668.00

VIII. Total consolidated income                        3,080,902.78                          4,111,671.84

Total consolidated income attributable
                                                       3,165,570.54                         4,404,173.25
to owners of parent company

Total consolidated income attributable
                                                         -84,667.76                          -292,501.41
to minority shareholders




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Legal representative: Lv Hang                                        Person in charger of accounting works: Luo Bojun
Person in charger of accounting organ: Ke Wensheng


4. Profit statement of parent company
Prepared by ShenZhen Tellus Holding Co.,Ltd.
                                                                                                                  In RMB

                      Items                          This Period                              Last Period

I. Operating income                                                  4,553,340.96                           4,396,802.81

Less: Operating income                                                905,685.86                              970,950.58

         Operating tax and extras                                     254,987.10                              246,220.95

         Sales expenses

         Administration expenses                                     2,941,482.98                           3,865,747.06

         Financial expenses                                          2,393,101.67                           2,062,389.13

         Losses of devaluation of asset

         Add: Changing income of fair
value(Loss is listed with “-”)
         Investment income (Loss is listed
                                                                     4,181,622.24                            -115,859.76
with “-”)
         Including: Investment income on
affiliated company and joint venture
II. Operating profit          (Loss is listed
                                                                     2,239,705.59                           -2,864,364.67
with “-”)

         Add: Non-operating income

         Less: Non-operating expense

         Including:    Disposal     loss   of
non-current asset
III. Total Profit      (Loss is listed with
                                                                     2,239,705.59                           -2,864,364.67
“-”)

         Less: Income tax

IV. Net profit (Net loss is listed with
                                                                     2,239,705.59                           -2,864,364.67
“-”)

V. Earnings per share                                    --                                       --

i. Basic earnings per share

ii. Diluted earnings per share

VI. Other consolidated income                                         -145,434.40                            -129,668.00

VII. Total consolidated income                                       2,094,271.19                           -2,994,032.67


Legal representative: Lv Hang                                        Person in charger of accounting works: Luo Bojun
Person in charger of accounting organ: Ke Wensheng


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5. Consolidated cash flow statement
Prepared by ShenZhen Tellus Holding Co.,Ltd.
                                                                                                                 In RMB

                   Items                           This Period                              Last Period

I. Cash flows arising from operating
activities:
       Cash    received         from    selling
commodities       and     providing       labor                  122,666,420.06                           110,548,553.86
services
       Net increase of customer deposit
and interbank deposit
       Net increase of loan from central
bank
       Net increase of capital borrowed
from other financial institution
       Cash    received        from    original
insurance contract fee
       Net cash received from reinsurance
business
       Insured savings and net increase of
investment
       Net    increase    of     disposal    of
transaction financial asset
       Cash    received        from    interest,
 commission charge and commission

       Net increase of capital borrowed

       Net increase of returned business
capital

       Write-back of tax received

       Other cash received concerning
                                                                   8,340,269.87                             6,406,797.27
operating activities
        Subtotal of cash inflow arising
                                                                 131,006,689.93                           116,955,351.13
from operating activities
       Cash     paid      for      purchasing
commodities       and     receiving       labor                  108,493,453.13                            82,406,107.92
service
       Net increase of customer loans and
advances
       Net increase of deposits in central
bank and interbank
       Cash paid for original insurance
contract compensation



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       Cash paid for interest, commission
charge and commission
       Cash paid for bonus of guarantee
slip

       Cash paid to/for staff and workers          15,009,808.49                        14,304,820.54

       Taxes paid                                   4,536,615.35                         4,948,369.81

       Other     cash     paid      concerning
                                                   17,194,213.13                        19,879,224.95
operating activities
       Subtotal of cash outflow arising
                                                  145,234,090.10                       121,538,523.22
from operating activities
       Net     cash    flows     arising   from
                                                  -14,227,400.17                         -4,583,172.09
operating activities
II. Cash flows arising from investing
activities:
       Cash received from recovering
                                                                                            84,713.03
investment
       Cash received from investment
income
       Net cash received from disposal of
fixed, intangible and other long-term
assets
       Net cash received from disposal of
subsidiaries and other units
       Other cash received concerning
investing activities
       Subtotal of cash inflow from
                                                                                            84,713.03
investing activities
       Cash paid for purchasing fixed,
                                                   41,448,129.86                         3,734,451.77
intangible and other long-term assets

       Cash paid for investment

       Net increase of mortgaged loans

       Net      cash      received         from
subsidiaries and other units
       Other     cash     paid      concerning
                                                                                             1,552.50
investing activities
       Subtotal of cash outflow from
                                                   41,448,129.86                         3,736,004.27
investing activities
       Net     cash    flows     arising   from
                                                  -41,448,129.86                         -3,651,291.24
investing activities
III. Cash flows arising from financing
activities

       Cash received from absorbing



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                                                                    深圳市特力(集团)股份有限公司 2014 年第一季度报告全文


investment
      Including: Cash received from
absorbing       minority          shareholders’
investment by subsidiaries

      Cash received from loans                                       77,000,000.00                           13,800,000.00

      Cash received from issuing bonds

      Other cash received concerning
financing activities
      Subtotal of cash inflow from
                                                                     77,000,000.00                           13,800,000.00
financing activities

      Cash paid for settling debts                                   21,000,000.00                           16,800,000.00

      Cash paid for dividend and profit
                                                                      2,303,619.02                            3,462,093.02
distributing or interest paying
      Including: Dividend and profit of
minority       shareholder           paid       by
subsidiaries
      Other     cash       paid      concerning
financing activities
      Subtotal of cash outflow from
                                                                     23,303,619.02                           20,262,093.02
financing activities
      Net     cash    flows       arising    from
                                                                     53,696,380.98                            -6,462,093.02
financing activities
IV. Influence on cash due to fluctuation
in exchange rate
V. Net increase of cash and cash
                                                                     -1,979,149.05                           -14,696,556.35
equivalents
      Add: Balance of cash and cash
                                                                     69,898,791.56                           55,145,531.39
equivalents at the period -begin
VI.    Balance       of    cash      and      cash
                                                                     67,919,642.51                           40,448,975.04
equivalents at the period -end


Legal representative: Lv Hang                                         Person in charger of accounting works: Luo Bojun
Person in charger of accounting organ: Ke Wensheng


6. Cash flow statement of parent company
Prepared by ShenZhen Tellus Holding Co.,Ltd.
                                                                                                                    In RMB

                      Items                           This Period                              Last Period

I. Cash flows arising from operating
activities:
      Cash      received      from          selling
                                                                      2,263,910.90                            3,131,027.63
commodities          and   providing         labor


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                                                    深圳市特力(集团)股份有限公司 2014 年第一季度报告全文


services

     Write-back of tax received

     Other cash received concerning
                                                      6,079,261.81                        25,968,306.62
operating activities
         Subtotal of cash inflow arising
                                                      8,343,172.71                        29,099,334.25
from operating activities
     Cash       paid       for       purchasing
commodities          and    receiving       labor
service

     Cash paid to/for staff and workers               3,787,195.55                         4,055,613.46

     Taxes paid                                        605,743.38                            591,738.81

     Other      cash       paid      concerning
                                                     58,563,007.01                        14,940,871.03
operating activities
     Subtotal of cash outflow arising
                                                     62,955,945.94                        19,588,223.30
from operating activities
     Net      cash    flows       arising   from
                                                    -54,612,773.23                          9,511,110.95
operating activities
II. Cash flows arising from investing
activities:
     Cash received from recovering
investment
     Cash received from investment
income
     Net cash received from disposal of
fixed, intangible and other long-term
assets
     Net cash received from disposal of
subsidiaries and other units
     Other cash received concerning
investing activities
     Subtotal of cash inflow from
investing activities
     Cash paid for purchasing fixed,
                                                       412,224.00                             49,049.00
intangible and other long-term assets

     Cash paid for investment

     Net       cash        received         from
subsidiaries and other units
     Other      cash       paid      concerning
investing activities
     Subtotal of cash outflow from
                                                       412,224.00                             49,049.00
investing activities

     Net      cash    flows       arising   from       -412,224.00                           -49,049.00



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                                                             深圳市特力(集团)股份有限公司 2014 年第一季度报告全文


investing activities
III. Cash flows arising from financing
activities
      Cash received from absorbing
investment

      Cash received from loans                                45,000,000.00

      Cash received from issuing bonds

      Other cash received concerning
financing activities

Subtotal of cash outflow from financing
                                                              45,000,000.00
activities

      Cash paid for settling debts                             1,500,000.00                         1,500,000.00

      Cash paid for dividend and profit
                                                               1,935,713.89                         1,239,679.39
distributing or interest paying
      Other     cash      paid      concerning
financing activities
      Subtotal of cash outflow from
                                                               3,435,713.89                         2,739,679.39
financing activities
      Net     cash   flows       arising   from
                                                              41,564,286.11                         -2,739,679.39
financing activities
IV. Influence on cash due to fluctuation
in exchange rate
V. Net increase of cash and cash
                                                             -13,460,711.12                         6,722,382.56
equivalents
      Add: Balance of cash and cash
                                                              30,209,143.04                         1,614,187.49
equivalents at the period -begin
VI.    Balance       of   cash      and    cash
                                                              16,748,431.92                         8,336,570.05
equivalents at the period -end


Legal representative: Lv Hang                                  Person in charger of accounting works: Luo Bojun
Person in charger of accounting organ: Ke Wensheng



II. Audit report
Whether the first quarterly report had been audited or not
 □ Yes √ No
The 1Q report of the Company was unaudited




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