Some interesting facts about listed companies' annual reports

Editor's Note: The Chinese mainland-listed companies had released their annual reports by April 30. Chinanews.com.cn has found some interesting facts about these companies.

1. The most generous - Shanxi Guoyang New Energy

Shanxi Guoyang New Energy will pay a generous dividend of 3.8 yuan plus 15 shares per 10 shares to its shareholders, after the company earned 1.86 billion yuan in 2009, according to the company's annual report released on May 1.

Industry insiders say Guoyang is likely to become "king of dividends" in 2009 if no other company shows up with more generous dividend handout plans.

2. The biggest loss - China Shipping Container Lines

China Shipping Container Lines posted a loss of nearly 6.5 billion yuan in 2009, becoming the company suffering the biggest loss in 2009.

The company contributed the heavy loss to the financial crisis, which caused declines in consumption and further triggered a slump in shipping rates. Due to the fierce competition on domestic routes, the average rates on domestic routes also decreased by 33.9 percent year-on-year.

3. The nicest deal - China Construction Bank

China Construction Bank is regarded as the company which got the nicest deal, as the bank said that it intends to raise as much as 75 billion yuan through a rights issue shortly after announcing its dividend handout plan to offer its shareholders 2.02 yuan per 10 shares.

In a statement filed with the Shanghai Stock Exchange, the bank said it will sell 0.7 share per 10 shares held to all its shareholders and plans to sell up to 630 million Shanghai-listed A shares and up to 15.73 billion Hong Kong-listed H shares.

4. The most revised annual report - Sichuan Youli Investment Holding

Sichuan Youli Investment Holding announced corrections to its annual report. The difference between the money invested and the money planned to invest should be -102.64 million yuan, instead of -87.64 million yuan.

The company explained that a staffer had input the wrong figure.

5. The meanest - Soyea Technology

Soyea Technology, a manufacturer of color television sets in east China's Zhejiang province, did not have any dividend plans for nine straight years.

According to the company's annual report, its revenue reached 967 million yuan in 2009, up 13.52 percent year-on-year, and its net profits increased by 208.97 percent from the previous year, to 20.26 million yuan. Earnings per share stood at about 0.10 yuan, and the weighted average return on equity was 3.86 percent.

6. The most baffling creditor - Taiyuan Twin Tower Aluminum Oxide

In the annual report Taiyuan Twin Tower Aluminum Oxide filed with the Shenzhen Stock Exchange, a transaction it had with Taiyuan Public Security Bureau in the debt category is very puzzling.

The 3.58 million yuan ($524,470) debt the bureau owed to the company can be traced back five years and accounts for 6.59 percent of the company's other receivables. No credible explanation is offered.

7. The most successful moonlighter - Zhejiang Baili Electric

Zhejiang Baili Electric turned in a paradoxical annual report with its main business revenue dropping and non-operating revenue increasing.

The company's non-operating revenue in 2009 increased by 7.22 million yuan, up almost 90 percent year-on-year. The company's net profits surged by 30 percent over the previous year, largely due to gains on disposal of fixed assets and government subsidy.

On the other hand, its tungsten and molybdenum products business, the main business, witnessed negative growth.

8. The most drastic turn - Datang Telecom Technology

Just one month later, on April 28, Datang reported a net loss of 15.42 million yuan in the first quarter of this year, down 331.18 percent year-on-year.

Its shareholders must feel like they're riding a rollercoaster.

9. The top earner - Industrial and Commercial Bank of China

Industrial and Commercial Bank of China (ICBC), the world's largest bank by market value, continued to be the country's most profitable company last year as it reaped 129.4 billion yuan of after-tax profits.

The bank saw a 16 percent increase in net profit last year from the 2008 level. Earnings per share rose 18 percent to 0.39 yuan from a year earlier.

10. The fastest growing - Beijing Dalong Weiye Real Estate Development

Beijing Dalong Weiye Real Estate Development reported the highest net profit increase in 2009. It reported a net profit of 339 million yuan, a 142-fold increase from the previous year.

The big profit increase was generated by the boom in the real estate market last year, but as government policies cool the market down, people begin to doubt whether it can maintain the same record in 2010.