PDF《HUAXIN CEMENT CO., LTD.》

2012 December 31,

2011 Change (%) Brief remarks Accounts receivable 1,004,573,338 611,160,181 64% Sales volume increased caused credit sale increased Advances to suppliers 94,771,167 54,083,509 75% Construction and materials prepayment increased Other receivables 205,324,472 148,938,461 38% Down payment of M&

A projects Long-term equity investments 20,859,038 14,859,038 40% An equity investment company was added Notes payable 74,390,440 32,503,263 129% New bank acceptance increased Employee benefits payable 78,667,249 143,977,781 -45% Performance incentives for the previous year were distributed Huaxin Cement Co., Ltd. 华新水泥股份有限公司 The Second Meeting of the Seventh Board of Directors 第七届董事会第二次会议 convened on 2012.04.27 召开于 2012.04.27 First Quarter Report

2012 2012 年第一季度报告

2012 Q1 Report .doc

4 Interests payable 47,748,187 31,830,885 50% Accrued interest of mid-term notes Dividends payable 88,791,972 66,710,525 33% Non-wholly owned subsidiaries distributed dividends for the previous year 3.1.2 Income statement Unit: Yuan Items From year beginning to reporting period end (Jan C Mar 2012) Same period of last year (Jan C Mar 2011) Change (%) Brief remarks Taxes and surcharges 26,402,678 20,180,966 31% Increase in sales ........