Due to debt
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- 1. Due to DebtZHEJIANG GLASS CO. LTD.Wang Moods
2. Basic InformationZHEJIANG GLASS (739 ) Company/Securities Name:Zhejiang Glass Co. Ltd. - H Shares Principal Activities: Manufacturing and selling of glass products and soda ash products. Chairman: Feng Guangcheng Principal Office: Yangxunqiao Township Shaoxing County Zhejiang Province PRC Place Incorporated: PRC Listing Category: Primary Listing IndustryIndustrial Goods - Industrial Goods Classification: (HSIC*) 3. 1RMB=1.2314HKDBasic Information 1HKD=0.8121RMBRegistrar:Computershare Hong Kong InvestorServices Ltd.Listing Date :10/12/2001Trading Currency: HKDAuthorized Shares:N/AIssued Shares:384,999,000(Click here for important(as at 31/1/2012)notes)Par Value:RMB 1.0000Board Lot:1000Market Capitalization:HKD 954,797,520 This amount hasnt changed since 05/02/2009.Monthly Return of EquityNot Available mainlandThe first H-listed private company inN/A means Issuer on Movements inSecurities , is the only file of being updated. 4. 1RMB=1.2314HKDBasic Information1HKD=0.8121RMB Financial DataFinancial Year End Date: 31/12/2008Net Asset Value: RMB 2,563,013,000Net Profit (Loss): RMB 174,184,000Earnings per Share:RMB 0.2296Last Updated:22/2/2012There is no 2009 or 2010 Annul Report, the latestLate information is no information. financial information we can access is the 2009Interim Report. 5. Interim VS Annual Report Contents 33 pages101 pagesCorporate informationCorporate InformationConsolidated income statementFinancial SummaryConsolidated statement ofChairmans Statementcomprehensive income Management Discussion and AnalysisConsolidated statement of financialCorporate Governanceposition Directors, Supervisors and Senior ManagementConsolidated statement of changes in Report of the Directorsequity Report of the Supervisory CommitteeConsolidated statement of cash flows Auditors ReportNotes to the condensed consolidatedConsolidated Income Statementfinancial statements Consolidated Balance SheetManagement discussion and analysis Balance SheetOther informationConsolidated Statement of Changes in Equity Consolidated Cash Flow Statement Notes to the Consolidated Financial Statements Unaudited/ Audited 6. What Can Get from 2008Annual Report EBITDA Revenue 678,200,000 -15.4%2,756,200,000 18.7% Cash 98M/593M Impairments Bank Loan 4.9B/3.2B Challenges: Financial L/A 62%/54%CrisisMarket RawMaterial Cost 28/05/2008382,000,000 HKD Uncertain of the new It looks OKBusinessIts indeed Not 7. Something We Cannot Ignore Government grants-Other gains( Net ) 2008-25,080 2007-498RMB000 Notes: Cash subsidy income relates to grantsmade by the local government to the Group inorder to support the expansion of the Groupand to compensate the Groups certainexpenses incurred.What is the standard of application and disclosureof government grants? 8. Something We CannotIgnore Connected Transactions Only one, so-called Financial AssistanceRMB50,000,000 has been settled. The independent non-executive directors ofthe Company recommended, among others,that compliance by officers (including directors)with the Companys internal control systemshould be improvedWhat are the differences between private andstate company? How to view the right of independent non-executive directors? 9. Something We Cannot Ignore Going concern assumption As at 31 December 2008, the Group had net current liabilities of approximately RMB2,478 million. This condition indicates the existence of a material uncertainty, which may cause significant doubt about the Groups ability to continue as a going concernWhat is our reasonable reaction? 10. Something We Cannot Ignore ANNOUNCEMENTDELAY IN PUBLICATION OF THE 2010 ANNUALRESULTS AND DESPATCH OF THE 2010 ANNUALREPORTS15/04/2011 06/09/2010Hong Kong Exchanges and Clearing Limited and TheStock Exchange of Hong Kong Limited take no responsibilityfor the contents of this announcement What is the status of Zhejiang Grass Co. Ltd ?What roles do the HKE and CSRC play?Should the Announcement be regarded as ethical treatment towards the ordinary shareholders? 11. News 2009 6 30 53.126.91 2007 12. News 26 20082009 12 15 13. NewsCEO 2009 2 27 X X X X X X 2-3 14. News 2010 5 3 9 30 15. News 16. The End. But how about theZhejiang Glass Co . Ltd?