Angel Yeast Co., Ltd. 2009 Third Quarter Report

Third Quarter Report 2009 1 Important 1.1 The Board of Directors

, Supervisory Board and its directors, supervisors and senior management to ensure the information contained in this report that there are no false records, misleading statements or material omissions, and the authenticity of the content, accuracy and completeness of undertake individual and joint responsibility.

1.2 All directors attend the board meeting.

1.3 the third quarter unaudited financial statements.

1.4 company executives Yu Xuefeng, director of accounting and accounting executives Hai-payment agencies (accounting officer) Jiang Shiyi statement: to ensure that financial reports of the quarterly report the true and complete.

2 the basic situation of company

2.1 Main accounting data and financial indicators Currency: RMB unit:

2.2 reporting period the total number of shareholders and top ten other shareholders unlimited table of units: Unit

3 important issues 3.1 project company financial statements, financial indicators and the reasons for significant changes in the

applicable not applicable (A) of the company balance sheet items and the reasons for significant changes in: Unit:

Changes: 1, ending balance money funds increased 50.98% than the beginning balance was mainly due to the company Sell Scale growth, increase in Sales Outstanding;

2, ending balance of notes receivable balance increased 54.25% than the beginning, mainly due to receipt of the bills not yet due;

3, ending balance of accounts receivable increase of 40.08 percent over the beginning balance was mainly due to rapid growth in the company of export earnings, received due to the increase of export letters of credit;

4, ending balance of other receivables balance increased 53.15% than the beginning, mainly because the company current accounts receivable increase in export tax rebates;

5, ending balance of fixed assets increased 44.78% higher than at beginning of year, mainly due to the expansion Chongzuo Angel Angel Ili, and completion of the project due to transfer solid;

6, in construction, engineering goods ending balance than the beginning balance decreased 86.56% and 69.90%, mainly due to Angel Angel Chongzuo Yili and expansion projects are completed due to transfer solid;

7, ending balance of long-term prepaid expenses increased 292.59% over the beginning balance was mainly due to payment of Angel Chifeng Lease Due to the cost;

8, ending balance of the notes payable balance increased 234.53% over the beginning, mainly because the company issued the notes increase in the current period;

9, taxes payable balance of less than the beginning of the end of the balance of 86.95%, mainly due to increase in the company to pay tax to the current period;

10, long-term loan balance of less than the beginning of the end of the balance of 76.85%, mainly due to repayment of long-term borrowings due to the current period.

(B) the company income statement of the significant changes of circumstances and reasons: Unit:

Changes: 1, asset impairment losses rose 152.35%, mainly due to the company the balance of current accounts receivable due to the increase;

2, fair value gains on reduction of 89.09% over the same period, mainly due to the same period last year the company held "Kaile Science and Technology" stock market fell sharply, the current market rebound, the company will maintain its sales and carry-over During the cumulative gain or loss are due;

3, operating income growth of 190.97 percent from a year earlier, mainly due to companies related to income received in the current period of increased government subsidies;

4, operating expenses decreased 75.80% from a year earlier, mainly due to the same period last year the company spent more on outside donations, leading to a high base due;

5, income tax expense growth of 797.58 percent over the same period, mainly due to the current period total profit of the company and the same period last year achieved a substantial growth of domestic credit and other equipment caused by preferential policies lead to low base;

6, net profit and net profit attributable to the parent owner of the growth over the same period were 111.50% and 101.50%, mainly because the company increased sales volume this issue, Yili and Chongzuo company expansion projects are completed, the product profitability capacity enhancement and increase in non-recurring gains and losses.

(C) Company cash flow statement of the significant changes in the conditions and reasons: Unit:

Changes: 1, receipt of tax refunds increase of 128.70 percent over the same period, mainly due to current export earnings growth company, received the export tax rebate increase over the same period due to;

2, received other cash operating activities increased 143.33% over the same period, mainly due to the company before the current increase in financial allocations;

3, operating activities generated net cash flow increased 33.05% over the same period, mainly due to increased sales volume the company current Sales Outstanding was a corresponding increase in costs while increasing control, the low rate of increase of cash outflow in cash inflow;

4, to acquire fixed assets, intangible assets and other long-term assets Cash paid 48.80 percent less than the same period last year, mainly in construction projects over the same period last year more due to higher expenditures for projects;

5, cash flow from investing activities Net decrease 50.41 percent over the same period, mainly due to the company in 2009, mainly in construction projects completed in the first half of the basic and engineering section decrease in expenditures over the same period;

6, borrowing the cash received less than 55.67% a year earlier, mainly due to increased current bill financing company, due to a decrease in bank borrowings.

Angel Yeast Co., Ltd. 2009 Third Quarter Report

By: nanafg

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