Beijing Tongrentang Co Ltd (600085 CH) - As Reported

In Millions of CNY except Per Share FY 2002 FY 2003 FY 2004 FY 2005

12 Months Ending 12/31/2002 12/31/2003 12/31/2004 12/31/2005
Cash Flow
Cash From Investing Activities
Proceeds From Investments 0.2
Purchases of Investments -1.3 -26.5 -0.2
Additions To Fixed And Intangible Assets
Investment Income Received 0.5 0.6 1.4 0.2
Proceeds From Sale Of Fixed & Intangible
Purchase Of Associates/Joint Ventures
Payment Of Acquisition Of Subsidiary
Receipts from Other Investing Activities 8.4 54.5 9.4
Subtotal of Cash Inflows from Investing Act 9.3 0.7 60.2 9.8
Other Cash Paid Related to Investment -26.2
Subtotal of Cash Outflows from Investing Ac -214.6 -234.7 -341.4 -227.4
Disposal of Fixed Assets 0.4 0.1 4.1 0.2
Proceeds From Sale Of Subs (Net Of Cash
Capital Expenditures -213.3 -208.2 -341.2 -201.2
Total Cash Flows From Investing -205.3 -234.0 -281.2 -217.7
Cash from Financing Activities
Issuance of Common Stock
Effect of Exchange Rates On Cash 0.2 1.1 1.1 -2.9
Other Financing Activities
Net Change In Cash -75.0 -16.5 299.9 -160.1
Cash and Cash Equivalents (End of Period) 558.9
Cash and Cash Equivalents (Beg of Period) 633.9
Dividends Paid To Outside Equity Interests
Increase Of Non Equity Minority Interest
Decrease In Borrowings -481.4 -267.0 -361.5 -343.5
Increase In Borrowings 465.4 304.0 343.0 346.0
Subtotal of Cash Inflows from Financing Act 484.5 342.9 680.8 364.0
Subtotal of Cash Outflows from Financing A -604.9 -416.5 -516.7 -495.1
Cash Paid For Dividend And Interest -123.5 -149.5 -154.0 -146.2
Cash Received From Stock/Bonds 19.0 26.0 329.0 8.8
Other Cash Received from Financing Activit 12.9 8.8 9.2
Other Cash Paid from Financing Activities -1.2 -5.3
Total Cash Flows From Financing -120.5 -73.6 164.1 -131.0
Cash From Operating Activities
Depreciation 41.9 57.9 69.1 79.5
Deferred Income Taxes - CF -3.5
Change in Inventories -170.2 -81.6 -191.7 -174.2
Change in Other Current Assets -31.3 -71.6 -98.5 -75.3
Change in Other Current Liabilities 56.2 40.7 215.5 -80.7
Amortization of Intangibles 0.6 0.7 0.8 0.9
Other Amortization of Non-Cash Expenses/
Total Cash Flows From Operations 250.6 289.9 415.8 191.5
Write-Offs 0.2 1.8 0.9 3.9
Gain (Loss) On Sale of Investments and Mk -1.3 -0.3 -1.3 -1.6
Gain (Loss) From The Sale Of Fixed Assets 0.4 0.4 -0.6 0.3
Profit Before Taxation And Minority Interest
Write-Offs/Revaluation/Impair Of Fixed Asse 22.7 16.2 18.4 29.0
Finance Costs 15.9 0.9 15.8 -2.9
Net Income - CF 249.9 239.5 286.8 301.2
Minority Interest - CF 67.2 81.7 95.0 111.9
Increase/Decrease of Expenses to be Amor -1.3 0.6 3.2 -1.2
Increase/Decrease of Reserved Expenses -0.7 -0.3 0.5 0.6
Other Non-Cash Items -3.5
Amortization Of Development Expenditures 4.1 3.2 5.5 0.1
Direct Method
Receipts From Customers 2,244.7 2,372.2 2,625.7 2,386.1
Payments To Suppliers And Employees -1,349.7 -1,202.1 -1,229.6 -1,188.3
Other Proceeds From Operating Activitie 60.8 26.4 28.7 18.9
Other Payments From Operating Activiti -317.7 -355.4 -408.8 -379.5
Subtotal Of Cash Inflows From Operating 2,343.5 2,401.8 2,678.9 2,427.0
Subtotal Of Cash Outflows From Operati -2,092.9 -2,111.9 -2,263.0 -2,235.4
Payments For Employee Benefits -199.5 -262.1 -349.4 -363.4
Tax Paid - Direct Method
Net Cash From Oper Activities - Direct M 250.6 289.9 415.8 191.5
Tax Refund 38.0 3.2 24.4 22.0
Tax Paid -226.0 -292.2 -275.2 -304.2
Source: Bloomberg
 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012
12/31/2006 12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011 12/31/2012

14.8 4.3 91.0

-0.5 -7.4 -15.4 -2.0 -0.2
-59.1 -112.6 -429.9 -289.1
1.5 1.4 0.8 1.2 2.6 1.7 0.2
1.0 0.6 0.4 0.3
-1.0 -2.4

11.5 14.4 16.0 15.8 45.4 101.3 51.2
51.0 21.2 17.9 17.9 48.6 194.4 51.8
-15.5 -93.3
-90.1 -60.4 -43.4 -66.5 -221.3 -431.9 -289.3
23.2 0.5 1.0
0.6
-90.1 -43.8 -40.5
-39.1 -39.2 -25.5 -48.6 -172.7 -237.5 -237.6

5.4 49.6 9.4 89.0

-4.5 -9.5 -5.4 0.1 -0.8 -6.6 -3.3
-3.0 -7.6 -11.6 -12.5
123.6 82.6 289.6 427.7 220.5 68.5 1,560.3
805.8 890.8 1,180.4 1,622.8 2,010.5 2,079.0 3,640.9
682.2 808.2 890.8 1,195.1 1,790.0 2,010.5 2,080.6
-46.9 -68.7 -94.8 -120.1
4.9 45.1 8.8 89.0
-245.0 -313.0 -173.0 -409.0 -331.0 -279.9 -337.0
195.0 243.0 173.0 409.0 331.0 337.0 1,517.9
199.0 469.4 175.7 414.4 380.6 346.4 1,606.9
-416.5 -458.8 -278.0 -571.8 -552.1 -578.7 -679.1
-169.9 -119.2 -102.6 -159.8 -213.5 -287.2 -329.6
2.0 226.4 2.7 5.4 49.6 9.4
2.0
-1.5 -26.6 -2.4
-217.5 10.7 -102.3 -157.4 -171.5 -232.3 927.8

111.3 106.9 96.6 100.5 98.9 97.3 96.6

-2.1 0.6 -4.6 -4.8 -6.2 -19.3 -0.3
41.3 -125.6 -262.5 -70.2 -314.6 -877.2 -556.8
-53.5 -52.4 140.0 39.2 192.2 584.8 346.5
 1.3 -154.3 73.0 127.2
1.0 3.3 3.7 2.6 4.2 4.1 7.3
2.1 14.6 19.2 25.5
384.7 120.6 422.8 633.6 565.5 544.9 873.4
0.1 0.2 0.0 0.1 0.2 0.2 0.2
-1.3 -2.8 -1.6 -6.9 -7.7 -12.7 -7.8
0.4 0.8 -0.5 -0.2 2.0 0.7 0.4
233.5 313.4 350.6 392.9 511.5 654.7 878.6
43.8 19.4 21.7 53.0 76.1 95.9 90.3
9.0 10.2 4.8 -2.1 -5.6 -2.7 -7.1





0.0 0.8 1.5

2,334.4 2,292.8 2,594.6 3,825.4 4,720.5 5,492.2 7,256.2

-911.6 -1,136.6 -1,023.8 -1,960.6 -2,479.6 -2,826.3 -3,632.8
38.9 15.9 18.4 25.6 119.4 81.8 143.4
-369.9 -337.5 -388.4 -401.0 -565.5 -754.0 -1,066.3
2,384.8 2,320.7 2,629.6 3,876.8 4,842.3 5,576.8 7,403.2
-2,000.1 -2,200.1 -2,206.8 -3,243.2 -4,276.8 -5,031.9 -6,529.8
-384.1 -393.6 -419.9 -485.1 -678.7 -851.2 -1,071.3
-370.7 -550.6 -597.7 -755.8
384.7 120.6 422.8 633.6 565.5 544.9 873.4
11.5 12.0 16.5
-334.5 -332.4 -374.7
 FY 2013 FY 2014 FY 2015 FY 2016
12/31/2013 12/31/2014 12/31/2015 12/31/2016

0.5
-52.1 -10.7 -2.1 -11.0
-427.3 -560.9 -543.0 -703.6
2.5 3.3 2.6 3.3
2.6 2.8 0.9 107.3
-31.1
-13.5
74.6 111.7 97.7 491.5
80.3 117.9 101.2 602.1
-1.2 -25.0 -15.0 -405.0
-511.7 -596.6 -560.1 -1,133.1



-431.4 -478.7 -458.9 -531.0

1,500.3 26.2 118.7 90.7

-32.1 3.8 58.0 89.4
-37.9 -0.1 0.5 -1.3
1,247.1 -295.5 139.5 1,068.2
4,888.1 4,592.5 4,743.2 5,811.4
3,640.9 4,888.1 4,603.7 4,743.2
-151.8 -159.9 -233.9 -248.6
1,500.3 26.2 118.7 90.7
-437.0 -421.3 -442.2 -455.0
506.8 322.0 582.5 1,410.6
2,012.1 348.2 701.8 1,501.2
-977.9 -864.9 -996.6 -1,037.3
-498.0 -443.5 -554.4 -580.9
26.2


1,034.3 -516.6 -294.8 463.9

102.0 122.7 142.5 150.6

-8.5 -15.7 -40.4 -24.1
-366.0 -420.5 -468.0 -330.2
-168.0 -398.2 -291.6 -755.5
 130.5 -39.0 334.6
8.9 9.3 9.4 12.9
32.3 40.7 48.4 55.1
676.4 696.0 835.1 1,045.8
1.5 0.8 0.0 0.3
-3.9 -2.8 -0.9 -2.8
-0.4 -0.3 2.9 2.1
1,066.7 1,254.0 1,465.6 1,562.2
3.2 4.8 44.3 81.0
8.6 -29.2 -38.1 -40.6

8,852.5 9,128.7 10,087.9 11,953.2

-4,852.6 -4,761.2 -4,861.6 -5,961.1
125.3 178.9 241.2 186.0
-1,193.2 -1,270.3 -1,520.1 -1,646.0
8,980.5 9,310.1 10,335.3 12,145.3
-8,304.1 -8,614.1 -9,500.2 -11,099.5
-1,341.1 -1,562.1 -1,878.8 -2,099.4
-914.4 -1,018.1 -1,233.5 -1,386.9
676.4 696.0 835.1 1,045.8