RoboSense Technology Co., Ltd — Interim / Quarterly Report 2015

Oct 29, 2015

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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THIRD QUARTERLY REPORT 2015

1. IMPORTANT NOTICE

• 1.1 The board of directors (the “Board”), the supervisory committee, the directors (the “Directors”), supervisors and senior management members of the Company shall warrant that the information contained in this quarterly report is true, accurate, and complete without any false and misleading statements or material omissions, and severally and jointly accept legal responsibility for the above.

• 1.2 All Directors attended the Board meeting to consider the third quarterly report of the Company.

• 1.3 Ma Liyun, Person-in-charge of the Company, Sun Lei, Person-in-charge of accounting, and Chen Jing, Person-in-charge of accounting institution (head of accounting department), warrant that the financial statements in this quarterly report are true, accurate and complete.

• 1.4 The third quarterly report of the Company is unaudited.

– 1 –

2. MAJOR FINANCIAL DATA AND CHANGES IN SHAREHOLDERS OF THE COMPANY

2.1 Major Financial Data

Unit: RMB

			Increase/
			decrease at
			the end of the
			reporting period
			as compared
	At the end of		with the end
	the reporting	At the end of	of the previous
	period	the previous year	year
			(%)
Total assets	1,163,430,018.81	1,057,067,719.83	10.06
Net assets attributable
to shareholders of
the Company	-86,857,551.33	49,399,018.40	-275.83
		From beginning of
	From beginning	the previous year
	of the year to the	to the end of the
	end of the	reporting period
	reporting period	of the previous
	(January –	year (January –	Year-on-year
	September)	September)	increase/decrease
			(%)
Net cash flows from
operating activities	-89,069,803.49	-28,655,885.17	N/A

– 2 –

		From beginning of
	From beginning	the previous year
	of the year to	to the end of the
	the end of the	reporting period
	reporting period	of the previous
	(January –	year (January –	Year-on-year
	September)	September)	increase/decrease
			(%)
Operating income	402,539,580.92	432,785,559.45	-6.99
Net profit attributable
to shareholders of
the listed company	-155,016,545.65	7,250,484.21	-2,238.02
Net profit attributable
to shareholders of
the listed company
after deducting
extraordinary profit
or loss	-153,848,826.53	-85,320,886.22	N/A
Weighted average return
on net assets_(%)_	N/A	19.63	N/A
Basic earnings per share
(RMB/share)	-0.3100	0.0145	-2,237.93
Diluted earnings per share
(RMB/share)	-0.3100	0.0145	-2,237.93

– 3 –

Extraordinary Items and Amounts

✓ Applicable Not Applicable

Unit: RMB

Extraordinary Items Profit/loss from disposal of non-current assets Tax refund, deduction and exemption as a result of ultra vires or without formal approval or of an incidental nature Government grants credited to current profit or loss (except for those which are closely related to the Company’s ordinary business, in accordance with national policies and continuously received in certain standard amounts and quantities) Gain from debt restructuring Other non-operating income and expenses excluding the aforesaid items Other profit or loss items falling within the definition of extraordinary profit or loss Effect of income tax Effect of minority interests (after tax) Total

Amount for the reporting period (July – September) Amounts for the period from beginning of the year to the end of the reporting period (January – September) Explanations 23,621.23 82,566.15 373,782.90 1,234,308.98 96,765.10 -179,045.48 -2,610,929.59 -4,631.98 110,472.77 -5,289.02 -80,902.53 208,437.65 -1,167,719.12

– 4 –

2.2 Total number of shareholders, top 10 shareholders and top 10 holders of tradable shares not subject to trading moratorium at the end of the reporting period

Unit: Share

Total number of shareholders 75,116

Shareholdings of the top 10 shareholders

	Total number
	of shares held		Number of
	as at the end		shares subject	Pledged or frozen
	of the		to trading
Name of shareholders	reporting	Shareholding	moratorium	Status of		Nature of
(full name)	period	Percentage	held	shares	Number	shareholder
		(%)
HKSCC Nominees Limited	248,508,802	49.7	0	Unknown		Overseas
						legal person
China Luoyang Float Glass	159,018,242	31.8	0	Pledged	159,018,242	State-owned
(Group) Company Limited						legal person
Zhang Lixin	1,000,000	0.20	0	Unknown		Domestic
						natural
						person
Bank of Communications Co., Ltd. – Yimin			0	Unknown		Unknown
Quality Upgrade and Flexible Distribution
Mixed Securities Investment Fund	403,252	0.08
Zong Fengzhen			0	Unknown		Domestic
	380,300	0.08				natural person
CHUK YEE MEN LIZA	374,000	0.08	0	Unknown		Unknown
Li Xiaoli			0	Unknown		Domestic
	346,300	0.07				natural person
Agricultural Bank of China Limited – Fullgoal			0	Unknown		Unknown
CSI State-owned Enterprises Reform Index
Classified Fund	319,500	0.06
Jin Ruiming			0	Unknown		Domestic
	315,394	0.06				natural person
WONG SING TO			0	Unknown		Overseas
	300,000	0.06				natural person

– 5 –

Particulars of the top 10 shareholders not subject to trading Moratorium

	Number of
	circulating
	shares not
	subject to
	trading
	moratorium as
Name of shareholders	at the end of the
(full name)	reporting period	Class and number of shares
		Class	Number
HKSCC Nominees Limited	248,508,802	Overseas listed	248,508,802
		foreign shares
China Luoyang Float Glass	159,018,242	Ordinary shares	159,018,242
(Group) Company Limited		denominated in RMB
Zhang Lixin	1,000,000	Ordinary shares	1,000,000
		denominated in RMB
Bank of Communications	403,252	Ordinary shares		403,252
Co., Ltd. –Yimin Quality		denominated in RMB
Upgrade and Flexible
Distribution Mixed
Securities Investment Fund
Zong Fengzhen	380,300	Ordinary shares		380,300
		denominated in RMB
CHUK YEE MEN LIZA	374,000	Overseas listed		374,000
		foreign shares
Li Xiaoli	346,300	Ordinary shares		346,300
		denominated in RMB
Agricultural Bank of China	319,500	Ordinary shares		319,500
Limited – Fullgoal CSI		denominated in RMB
State-owned Enterprises
Reform Index Classified
Fund
Jin Ruiming	315,394	Ordinary shares		315,394
		denominated in RMB
WONG SING TO	300,000	Overseas listed		300,000
		foreign shares
Explanation on connected	There are no connected parties or persons acting in concert
relationship or action acting in concert among the aforesaid shareholders:	as defined by Regulations for Disclosure of Changes in Shareholding of Listed Companies (《上市公司股東持股變 動信息披露管理辦法》) issued by CSRC among the top ten
	shareholders of the Company, including China Luoyang Float
	Glass (Group) Company Limited and other shareholders of
	circulating shares. The Company is not aware of any parties
	acting in concert or any connected relationship among other
	shareholders of circulating shares. Shares were held by HKSCC
	Nominees Limited, representing its various customers.

Explanations on preference None shareholders with voting rights restored and the number of shares held

– 6 –

• 2.3 total number of holders of preference shares, the top 10 holders of preference shares and the top 10 holders of preference shares not subject to trading moratorium as at the end of the reporting period

Applicable

✓ Not Applicable

3 SIGNIFICANT EVENTS

• 3.1 Substantial changes in major items of financial statements and financial indicators and the reasons thereof

	✓	Applicable			Not Applicable
			30 September		31 December	Increase/
Item			2015		2014	decrease	Reasons for changes
						(%)
Bank balance			108,784,814.77		68,478,221.61	58.86	Mainly due to the increase in deposit of notes
	and cash						during the period.
Bills		receivable	5,780,821.80		400,000.00	1345.21	Mainly due to the increase in notes received
							during the period.
Accounts receivable			61,123,411.58		23,412,089.50	161.08	Mainly due to the increase in receivables
							during the period.
Prepayments			23,673,516.99		7,692,326.00	207.75	Mainly due to the increase in prepayment
							during the period.
Other current assets			36,348,450.18		21,865,034.21	66.24	Mainly due to the increase in remaining tax
							credit of the tax payable in the period
Fixed assets			311,627,906.91		568,040,126.38	-45.14	Mainly due to transfer of asset into
							“construction in progress” after
							suspension, upgrade and renovation of
							production lines during the period.
Construction in			246,016,874.42		698,734.75	35108.91	Mainly due to the incurred new construction
	progress						and renovation project of the subsidiaries
							in the period.
Long-term deferred			4,259,213.83		486,000.00	776.38	Mainly due to the additional deferred
	expenses						expenses for financing during the period.
Other non-current			10,030,084.53		5,134,487.79	95.35	Mainly due to the additional compensation
	assets						for land requisition of subsidiaries during
							the period.
Short-term					10,000,000.00	-100	Mainly due to the repayment of borrowings
	borrowings						due.

– 7 –

	30 September	31 December	Increase/
Item	2015	2014	decrease	Reasons for changes
			(%)
Bills payable	150,000,000.00	90,000,000.00	66.67	Mainly due to the increase in financing notes
				in full amount during the period.
Payments received in	38,427,382.76	57,399,049.54	-33.05	Mainly due to the decrease in payments
advance				received in advance during the period.
Staff remuneration	62,056,941.56	48,625,920.94	27.62	Mainly due to the increase in staff
payables				remuneration payables and social security
				funds during the period.
Other payables	205,596,082.71	80,705,153.66	154.75	Mainly due to the increase in the repayment
				of advance payment of the Company
				provided by the subsidiaries of China
				Building Materials in the period.
Deferred income	18,737,125.03	9,898,914.15	89.28	Mainly due to the subsidies for construction
				project received by the subsidiaries during
				the period.
	January to	January to
	September	September	Increase/
Item	2015	2014	(decrease)	Reasons for changes
			(%)
Impairment losses	21,836,838.21	5,085,670.60	329.38	Mainly due to the increase in inventory
on assets				impairment provided for during the period.
Investment income		94,619,131.73	-100	Mainly due to the gains from disposal of the
				equity interest in Luobo Industrial Co.,
				Ltd. during the previous period
Non-operating income	1,868,444.11	3,212,895.23	-41.85	Mainly due to decrease in income from
				disposal of assets during the period.
Net cash flow from	-89,069,803.49	-28,655,885.17	N/A	Increase in net cash flow from operating
operating activities				activities mainly due to the decrease in
				payment received and increase in materials
				payment during the period.
Net cash flow	-11,795,226.12	35,101,404.33	-133.60	Increase in net cash flow from investment
from investment				activities mainly due to the increase in
activities				investment in construction projects and the
				collection of payments in respect of land
				acquisition for reserve for the last period.

– 8 –

	January to
	September	January to	Increase/
Item	2015	September 2014	(decrease)	Reasons for changes
			(%)
Net cash outflow from	81,187,396.13	-25,273,531.17	N/A	Increase in net cash outflow from financing
financing activities				activities mainly due to the increase in
				borrowings and the repayment of advance
				payment of the Company provided by the
				subsidiaries of China Building Materials
				during the period.

3.2 Analysis and explanation of progress and impact of significant events and their solutions

✓ Applicable

Not Applicable

Explanation on material assets reorganization during the Reporting Period is as follows:

On 6 May 2015, the valuation report in relation to outgoing and incoming assets of the reorganization was approved by and filed with the State-owned Assets Supervision and Administration Commission of the State Council (the “SASAC”);

On 10 June 2015, the Proposal of Major Asset Swap, Issuance of Shares, Acquisition of Assets by Cash and Raising of Supporting Funds of Luoyang Glass Company Limited (《洛陽玻璃股份有限公司重大資產置換及發行 股份並支付現金購買資產並募集配套資金交易方案》) was considered and approved at the 39th meeting of the seventh session of the Board of the Company, pursuant to which, the Company and the transaction party entered into the Agreement in respect of the Major Asset Swap, Issuance of Shares, Acquisition of Assets by Cash and Raising of Supporting Funds of Luoyang Glass Company Limited and China Luoyang Float Glass (Group) Company Limited (《洛陽玻璃股份有限公司與中國洛陽浮法玻璃集團有限責任公司 關於重大資產置換及發行股份並支付現金購買資產並募集配套資金的協 議》);

On 17 August 2015, the proposal of major asset reorganization was approved by SASAC;

On 25 August 2015, relevant matters of the major asset reorganization were considered and approved at the 2015first extraordinary general meeting, 2015 first A share class meeting, 2015 first H Share class meeting.

– 9 –

On 1 September 2015, China Securities Regulatory Commission (the “CSRC”) accepted the application materials of the major asset reorganization of the Company;

On 25 September 2015, the Company received the Notice of the First Reply on the Investigation of Administrative Approved Projects from CSRC, pursuant to which, the Company was required to make illustration and explanation in respect of relevant issues in writing and submit the reply in writing to relevant department authorized and accepted by CSRC within 30 working days.

The major asset reorganization is subject to the approval of CSRC.

3.3 Performance of undertakings of the Company and shareholders holding 5% or more of the Company’s shares

✓ Applicable Not Applicable

	✓ A	pplicab	le Not Applic	able
Undertaking background	Undertaking type	Undertaker	Contents of undertaking	Time and term of undertaking	Valid period for performance	Whether strictly and timely performed	Specific reasons for the failure to timely perform the undertaking	Further plans in the event of failing to timely perform the undertaking
Other undertakings	Resolve the business competition issue	China National Building Materials Group Corporation	During transfer of relevant equity interests, China National Building Materials Group Corporation (“CNBMG”), the de facto controller of the Company, undertook on 11 September 2007 that: CNBMG (including its controlled enterprises by now) would not directly or indirectly involve in any businesses which constitute competition with the Company. In the event that the business opportunities obtained would compete with the operations of the Company, it would notify the Company of such business opportunities. Save as a financial investor, CNBMG would not invest in any businesses which may constitute competition with the operations of the Company, and would take measures to prevent the possibility of substantial competition when continuing to acquire other businesses which have horizontal competition with the Company directly or indirectly under appropriate conditions. In case of violation of the above undertakings, CNBMG would fully indemnify the Company for any loss so caused.	11 September 2007 to present	No	Yes
Other undertakings	Resolve the business competition issue	Triumph Technology	During transfer of relevant equity interests, Triumph Technology, the controller of the Company, undertook on 9 December 2010 that: Triumph Technology and its controlled enterprises will not directly or indirectly involve in any businesses or activities in competition with the principal operations of the Company, by any means (including but not limited to the independent business, joint venture or having shares or interest in another company or enterprise). In the event that the business opportunities obtained by Triumph Technology or its controlled enterprises will compete with the principal operations of the Company, it will notify the Company of those matters as soon as possible and pass such business opportunities to the Company to ensure that there is no prejudice to the interests of the shareholders of the Company as a whole.	9 December 2010 to present	No	Yes

– 10 –

Undertaking background	Undertaking type	Undertaker	Contents of undertaking	Time and term of undertaking	Valid period for performance	Whether strictly and timely performed	Specific reasons for the failure to timely perform the undertaking	Further plans in the event of failing to timely perform the undertaking
Other undertakings	Resolve the business competition issue	China National Building Materials Group Corporation and Triumph Technology	In transferring relevant equity interests, CNBMG, the de facto controllers of the Company, and Triumph Technology, undertook on 9 December 2010 that: they would come up with a comprehensive solution to the problem of horizontal competition between the Company and Longxin Company, Fangxing Science & Technology and Zhonglian Glass by way of consolidation in the form of a series of business and asset restructuring with the Company as a platform in the coming three years.	3 years commenced from 9 December 2010	Yes	No	E f f e c t b y s o m e factors like macro- economic situation a n d i n d u s t r y policies, and so on.	On 27 June 2014, CNBMG undertook that it will assist the Company to strip the ordinary float glass business away through feasible methods of business and asset reorganization and others. The reorganization is subject to the approval from CSRC currently.
Other undertakings	Resolve connected transactions.	China National Building Materials Group Corporation	In order to avoid or reduce the potential related party transaction in the future, the de facto controller of the Company, CNBMG, undertook on 11 September 2007 when conducting allocation of relevant equity that: “the Company (including the controlled enterprises at present) will try its best to avoid and reduce the connected transactions with Luoyang Glass. For the connected transactions inevitable or due to reasonable reasons, the Company undertakes to comply with principles of market impartiality, fairness and openness, and enter into agreements according to laws, perform legal procedures, perform information disclosure obligation and conduct relevant reporting and approving procedures in accordance with relevant requirements, and warrants not to prejudice the legal interests of Luoyang Glass and other shareholders through connected transactions.”	11 September 2007 to present	No	Yes

3.4 Warning and explanation in the forecast of any possible loss in accumulated net profit from the beginning of the year to the end of the next reporting period or any material changes compared to the corresponding period of last year

Applicable

✓ Not Applicable

Company name: Luoyang Glass Company Limited Legal representative: Ma Liyun Date: 29 October 2015

– 11 –

IV. APPENDIX

4.1 Financial Statement

Consolidated Balance Sheet

30 September 2015

Prepared by: Luoyang Glass Company Limited

Unit: RMB Type of audit: unaudited

Item Current assets: Bank balance and cash Notes receivable Accounts receivable Prepayments Other receivables Inventory Other current assets Total current assets Non-current assets: Available-for-sale financial assets Long-term receivables Fixed assets Construction in progress Construction materials Intangible assets Long-term deferred expenses Deferred income tax assets Other non-current assets Total non-current assets Total assets	Balance as at the end of the period 108,784,814.77 5,780,821.80 61,123,411.58 23,673,516.99 44,233,192.17 200,900,308.95 36,348,450.18 480,844,516.44 4,343,500.00 50,940,307.54 311,627,906.91 246,016,874.42 595,051.16 52,171,897.16 4,259,213.83 2,600,666.82 10,030,084.53 682,585,502.37 1,163,430,018.81	Balance as at the beginning of the year 68,478,221.61 400,000.00 23,412,089.50 7,692,326.00 37,020,177.60 211,781,486.51 21,865,034.21 370,649,335.43 4,343,500.00 48,649,780.65 568,040,126.38 698,734.75 428,213.56 54,815,729.68 486,000.00 3,821,811.59 5,134,487.79 686,418,384.40 1,057,067,719.83

– 12 –

		Balance as at		Balance as at
		the end of		the beginning of
Item		the period		the year
Current liabilities:
Short-term loans				10,000,000.00
Notes payable		150,000,000.00		90,000,000.00
Accounts payable		277,813,555.84		266,198,092.81
Payments received in advance		38,427,382.76		57,399,049.54
Staff remuneration payables		62,056,941.56		48,625,920.94
Taxes payable		18,777,389.91		27,800,706.43
Other payables		205,596,082.71		80,705,153.66
Non-current liabilities due within
one year		46,293,636.87		46,293,636.87
Other current liabilities
Total current liabilities		798,964,989.65		627,022,560.25
Non-current liabilities:
Long-term loans		528,561,580.47		459,535,761.38
Deferred income		18,737,125.03		9,898,914.15
Total non-current liabilities		547,298,705.50		469,434,675.53
Total liabilities		1,346,263,695.15		1,096,457,235.78
Owners’ equity
Share capital		500,018,242.00		500,018,242.00
Capital reserve		876,145,596.98		857,450,406.90
Special reserve		520,943.58		456,157.74
Surplus reserve		51,365,509.04		51,365,509.04
Retained earnings		-1,514,907,842.93		-1,359,891,297.28
Total equity attributable to the	equity
holders of the Parent Company		-86,857,551.33		49,399,018.40
Minority interests		-95,976,125.01		-88,788,534.35
Total owners’ equity		-182,833,676.34		-39,389,515.95
Total liabilities and owners’ equities		1,163,430,018.81		1,057,067,719.83
		Person in charge of
Legal representative:	Chief accountant: accounting department:
Ma Liyun	Sun Lei		Chen Jing

– 13 –

Balance Sheet of the Parent Company 30 September 2015

Prepared by: Luoyang Glass Company Limited

Unit: RMB Type of audit: unaudited

Item Current assets: Bank balance and cash Notes receivable Accounts receivable Prepayments Other receivables Total current assets Non-current assets: Long-term receivables Long-term equity investments Fixed assets Construction materials Intangible assets Long-term deferred expenses Total non-current assets Total assets	Balance as at the end of the period 100,179,713.43 4,890,821.80 654,047,011.57 9,329,529.09 168,011,513.88 936,458,589.77 50,940,307.54 52,597,961.54 3,447,802.89 595,051.16 6,688,182.49 405,000.00 114,674,305.62 1,051,132,895.39	Balance as at the beginning of the year 45,193,116.50 556,257,598.52 1,485,067.67 179,069,893.00 782,005,675.69 48,649,780.65 52,597,961.54 3,813,540.76 428,213.56 6,856,321.12 486,000.00 112,831,817.63 894,837,493.32

– 14 –

		Balance as at		Balance as at
		the end of		the beginning of
Item		the period		the year
Current liabilities:
Short-term loans				10,000,000.00
Notes payable		145,000,000.00		90,000,000.00
Accounts payable		57,380,843.73		75,935,633.93
Payments received in advance		27,523,780.94		50,176,727.50
Staff remuneration payables		22,844,432.74		13,822,236.57
Taxes payable		2,087,668.10		7,262,758.60
Other payables		230,013,793.19		50,643,969.60
Liabilities classifies as held-for-sale
Non-current liabilities due within one year		43,413,636.87		43,413,636.87
Total current liabilities		528,264,155.57		341,254,963.07
Non-current liabilities:
Long-term loans		398,114,685.75		430,815,761.38
Total non-current liabilities		398,114,685.75		430,815,761.38
Total liabilities		926,378,841.32		772,070,724.45
Owners’ equity:
Share capital		500,018,242.00		500,018,242.00
Capital reserve		891,129,782.23		891,129,782.23
Surplus reserve		51,365,509.04		51,365,509.04
Retained earnings		-1,317,759,479.20		-1,319,746,764.40
Total owners’ equity		124,754,054.07		122,766,768.87
Total liabilities and owners’	equities	1,051,132,895.39		894,837,493.32
		Person in charge of
Legal representative:	Chief accountant: accounting department:
Ma Liyun	Sun Lei		Chen Jing

– 15 –

Consolidated Income Statement January – September 2015

Prepared by: Luoyang Glass Company Limited

Unit: RMB Type of audit: unaudited

						Amounts for the
					Amounts for the	period from the
					period from the	beginning of the
					beginning of the	year to the end
				Corresponding	year to the end	of the reporting
			Reporting	period last year	of the reporting	period last
			period (July –	(July –	period (January	year (January –
Item			September)	September)	– September)	September)
I.	Total operating revenue		95,228,373.23	167,151,705.53	402,539,580.92	432,785,559.45
	Including:	Operating revenue	95,228,373.23	167,151,705.53	402,539,580.92	432,785,559.45
II.	Total operating costs		138,563,528.29	188,623,938.08	561,239,649.53	518,293,111.27
	Including:	Operating costs	104,854,609.30	160,922,325.50	437,258,033.92	411,223,424.85
		Business taxes and surcharges	1,051,855.28	1,154,789.55	3,267,049.62	5,427,597.46
		Selling expenses	7,624,100.19	6,008,779.63	22,877,836.49	18,637,852.99
		Administration expenses	24,418,573.21	22,468,529.51	71,980,647.15	74,156,361.52
		Finance expenses	614,390.31	-1,923,486.11	4,019,244.14	3,762,203.85
		Impairment loss on assets		-7,000.00	21,836,838.21	5,085,670.60
	Add:	Investment income (losses are
		represented by “–”)		1,224,570.83		94,619,131.73
III.	Operating	profit (loss is represented
	by “–”)		-43,335,155.06	-20,247,661.72	-158,700,068.61	9,111,579.91
	Add:	Non-operating income	587,723.39	983,952.57	1,868,444.11	3,212,895.23
		Including: Gain from
		disposal
		of non-current
		assets	23,621.23	540,151.02	82,566.15	1,057,385.60
	Less:	Non-operating expenses	369,364.74	2,619,454.75	3,065,733.47	3,674,196.76
		Including: Loss from
		disposal of
		non-current assets		298,792.54		298,792.54

– 16 –

						Amounts for the
					Amounts for the	period from the
					period from the	beginning of the
					beginning of the	year to the end
				Corresponding	year to the end	of the reporting
			Reporting	period last year	of the reporting	period last
			period (July –	(July –	period (January	year (January –
Item			September)	September)	– September)	September)
IV.	Total profit (total loss is represented
	by “–”)		-43,116,796.41	-21,883,163.90	-159,897,357.97	8,650,278.38
	Less: Income tax expenses		213,734.33	4,736,389.06	2,366,580.65	8,240,010.25
V.	Net profit (net loss is represented by “–”)		-43,330,530.74	-26,619,552.96	-162,263,938.62	410,268.13
	Net profit attributable to the owners
	of the Parent Company		-40,932,652.06	-25,017,325.29	-155,016,545.65	7,250,484.21
	Minority interests		-2,397,878.68	-1,602,227.67	-7,247,392.97	-6,840,216.08
VI.	Net other comprehensive income
	after taxes
VII.	Total comprehensive income		-43,330,530.74	-26,619,552.96	-162,263,938.62	410,268.13
	Total comprehensive income
	attributable to owners of the
	Parent Company		-40,932,652.06	-25,017,325.29	-155,016,545.65	7,250,484.21
	Total comprehensive income
	attributable to minority interests		-2,397,878.68	-1,602,227.67	-7,247,392.97	-6,840,216.08
VIII.	Earnings per share:
	(I) Basic earnings per share_(RMB/share)_		-0.08	-0.05	-0.31	0.01
	(II) Diluted earnings per share
	(RMB/share)		-0.08	-0.05	-0.31	0.01
					Person in	charge of
Legal representative:		Chief accountant: accounting department:
	Ma Liyun		Sun Lei		Chen	Jing

– 17 –

Income Statement of the Parent Company January – September 2015

Prepared by: Luoyang Glass Company Limited

Unit: RMB Type of audit: unaudited

					Amounts for the
				Amounts for the	period from the
				period from the	beginning of the
				beginning of the	year to the end
			Corresponding	year to the end	of the reporting
		Reporting	period last year	of the reporting	period last
		period (July –	(July –	period (January	year (January –
Item		September)	September)	– September)	September)
I.	Operating revenue	76,851,468.04	211,439,637.51	258,767,853.21	505,828,036.49
	Less: Operating costs	75,597,286.64	207,034,791.76	253,949,895.03	496,464,161.87
	Business taxes and surcharges	47,727.28	288,640.30	323,269.53	2,400,606.23
	Selling expenses	579,984.52	646,272.51	1,331,966.80	1,918,004.80
	Administration expenses	5,519,402.69	5,848,373.11	15,916,987.82	16,556,677.04
	Finance expenses	-1,015,962.09	-2,439,990.92	-3,146,666.78	-5,752,163.93
	Impairment loss on assets		-7,000.00		-7,000.00
	Add: Investment income (losses are
	represented by “ -”)	3,758,890.00	181,901,359.96	11,901,828.44	265,204,291.23
II.	Operating Profit (losses are
	represented by “ -”)	-118,081.00	181,969,910.71	2,294,229.25	259,452,041.71
	Add: Non-operating income		575,151.02	55,660.38	854,054.87
	Including: Gains from disposal
	of non-current assets		540,151.02		621,554.87
	Less: Non-operating expenses	25,372.62	1,658,116.97	362,604.43	2,678,112.33
	Including: Loss from disposal
	of non-current assets		298,792.54		298,792.54
III.	Total profit
	(total loss is represented by “–”)	-143,453.62	180,886,944.76	1,987,285.20	257,627,984.25
IV.	Net profit (net loss is presented by “–”)	-143,453.62	180,886,944.76	1,987,285.20	257,627,984.25
V.	Net other comprehensive income
	after taxes
VI.	Total comprehensive income	-143,453.62	180,886,944.76	1,987,285.20	257,627,984.25
				Person in	charge of
Legal representative:		Chief accountant: accounting department:
	Ma Liyun	Sun Lei		Chen	Jing

– 18 –

Consolidated Cash Flow Statement January – September 2015

Prepared by: Luoyang Glass Company Limited

Unit: RMB Type of audit: unaudited

Item I. Cash flows from operating activities: Cash received from sale of goods or rendering of services Net increase in income from repurchase business Tax rebates Other cash received from activities related to operation Sub-total of cash inflow from operating activities Cash paid for goods purchased and services rendered Cash paid to and on behalf of employees Tax payments Other cash paid for activities related to operation Sub-total of cash outflow from operating activities Net cash flow from operating activities	Amounts for the period from the beginning of the year to the end of the reporting period (January – September) 188,092,155.60 80.69 7,979,735.86 196,071,972.15 169,868,428.05 54,820,087.74 33,669,763.81 26,783,496.04 285,141,775.64 -89,069,803.49	Amounts for the period from the beginning of the year to the end of the reporting period last year (January – September) 230,616,637.84 13,355,727.13 243,972,364.97 142,240,803.73 84,668,903.82 31,063,172.79 14,655,369.80 272,628,250.14 -28,655,885.17

– 19 –

Item II. Cash flow from investment activities: Cash received from return of investments Net cash received from disposal of fixed assets, intangible assets and other long term assets Net cash received from disposal of subsidiaries and other operating entities Other cash received from activities related to investment Sub-total of cash inflow from investment activities Cash paid for purchase and construction of fixed assets, intangible assets and other long-term assets Other cash paid for activities related to investment Sub-total of cash outflow from investment activities Net cash flow from investment activities	Amounts for the period from the beginning of the year to the end of the reporting period (January – September) 10,000,000.00 10,000,000.00 21,795,226.12 21,795,226.12 -11,795,226.12	Amounts for the period from the beginning of the year to the end of the reporting period last year (January – September) 1,224,570.83 38,524,655.62 4,000,000.00 43,749,226.45 3,647,822.12 5,000,000.00 8,647,822.12 35,101,404.33

– 20 –

			Amounts for the
		Amounts for the	period from the
		period from the	beginning of the
		beginning of the	year to the end
		year to the end	of the reporting
		of the reporting	period last
		period (January	year (January
Item		– September)	– September)
III. Cash flow from financing activities:
Proceeds from loans			10,000,000.00
Other cash received from financing-related
activities		565,858,728.70	310,622,187.01
Sub-total of cash inflow from financing
activities		565,858,728.70	320,622,187.01
Cash paid for repayment of loans		54,021,467.09	34,644,918.18
Cash paid for dividends, profit, or interest
payments		921,014.78
Other cash paid for
financing-related activities		429,728,850.70	311,250,800.00
Sub-total of cash outflow from financing
activities		484,671,332.57	345,895,718.18
Net cash flow from financing activities		81,187,396.13	-25,273,531.17
IV. Effects of changes in exchange rate on
cash and cash equivalents		4,752.60	1,081.48
V. Net increase in cash and cash equivalents		-19,672,880.88	-18,826,930.53
Add: Opening balance of	cash
and cash equivalents		23,437,695.65	28,316,110.10
VI. Closing balance of cash and
cash equivalents		3,764,814.77	9,489,179.57
		Person in charge of
Legal representative:	Chief accountant: accounting department:
Ma Liyun	Sun Lei		Chen Jing

– 21 –

Cash Flow Statement of the Parent Company January – September 2015

Prepared by: Luoyang Glass Company Limited

Unit: RMB Type of audit: unaudited

Item I. Cash flow from operating activities: Cash received from sale of goods and provision of services Other cash received from activities related to operation Sub-total of cash inflow from operating activities Cash paid for goods purchased and service rendered Cash paid to and on behalf of employees Tax payments Other cash paid for activities related to operation Sub-total of cash outflow from operating activities Net cash flow from operating activities	Amounts for the period from the beginning of the year to the end of the reporting period (January – September) 238,047,212.23 373,858,163.40 611,905,375.63 3,860,731.18 12,712,127.22 5,214,736.88 210,545,492.79 232,333,088.07 379,572,287.56	Amounts for the period from the beginning of the year to the end of the reporting period last year (January – September) 208,609,622.19 279,605,742.32 488,215,364.51 17,669,710.06 48,038,357.56 3,009,945.17 193,105,864.08 261,823,876.87 226,391,487.64

– 22 –

Item II. Cash flow from investment activities: Net cash received from disposal of fixed assets, intangible assets and other long-term assets Net cash received from disposal of subsidiaries and other operating entities Sub-total of cash inflow from investment activities Cash paid for purchase and construction of fixed assets, intangible assets and other long-term assets Other cash paid for activities related to investment Sub-total of cash outflow from investment activities Net cash flow from investment activities III. Cash flow from financing activities: Proceeds from loans Other cash received from activities related to financing Sub-total of cash inflow from financing activities	Amounts for the period from the beginning of the year to the end of the reporting period (January – September) 4,120.00 4,120.00 -4,120.00 41,296,636.10 41,296,636.10	Amounts for the period from the beginning of the year to the end of the reporting period last year (January – September) 38,524,655.62 4,000,000.00 42,524,655.62 5,000,000.00 5,000,000.00 37,524,655.62 10,000,000.00 11,500,000.00 21,500,000.00

– 23 –

			Amounts for the
		Amounts for the	period from the
		period from the	beginning of the
		beginning of the	year to the end
		year to the end	of the reporting
		of the reporting	period last year
		period (January	(January
Item		– September)	– September)
Cash paid for repayment of loans		41,960,955.84	32,484,918.18
Cash paid for dividends, profit,
or interest payment		336,615.79
Other cash paid for financing-related
activities		378,585,387.70	251,500,000.00
Sub-total of cash outflow from financing
activities		420,882,959.33	283,984,918.18
Net cash flow from financing activities		-379,586,323.23	-262,484,918.18
IV. Effects of changes in exchange rate on
cash and cash equivalents		4,752.60	1,081.48
V. Net increase in cash and cash equivalents		-13,403.07	1,432,306.56
Add: Opening balance of cash and
cash equivalents		193,116.50	398,991.55
VI. Closing balance of cash and
cash equivalents		179,713.43	1,831,298.11
		Person in charge of
Legal representative:	Chief accountant: accounting department:
Ma Liyun	Sun Lei		Chen Jing

– 24 –

4.2 Audit Report

Applicable

✓ Not Applicable

By order of the Board Luoyang Glass Company Limited* Ma Liyun Chairman

Luoyang, the PRC 29 October 2015

As at the date of this announcement, the Board comprises four executive Directors: Mr. Ma Liyun, Mr. Ni Zhisen, Ms. Sun Lei and Mr. Xie Jun; two non-executive Directors: Mr. Zhang Chengong and Mr. Zhang Chong; and four independent non-executive Directors: Mr. Huang Ping, Mr. Dong Jiachun, Mr. Liu Tianni and Mr. Jin Zhanping.

• For identification purposes only

– 25 –