Rainbow Refined Net gain 3.84% "Order Gate" lead to baggage

Shoshan due to the "Order Gate" event and suspension of nearly five months of rainbow refinement (002256.SZ) today issued semi-annual report, the first half of the company to achieve total operating income of 190 million yuan, an increase of 17.93% per cent, the realization of the owner of the parent company's net profit of 15.22 million yuan, up from the same period of　　The Company expects 2011 1 ~ September Net profit is 26.44 million yuan, belongs to the listed company shareholder's net profit year-on-year change -20%~10%. Although the parent company achieved a net profit of 21.64 million yuan, however, the loss of the holding subsidiary, Beijing na Special insulation Material Co., Ltd. (hereinafter "the special insulation") affects the net profit attributable to the parent company 4.67 million yuan (including the assessment of value-added depreciation amortization); Holding subsidiary Shenzhen Rainbow Green World Biodegradable Material Co., Ltd (hereinafter "　　Rainbow Green World "") the loss of the impact attributable to the parent company's net profit of 1.38 million yuan; wholly-owned subsidiary Zhuhai Rainbow Fine Chemical Co., Ltd. loss of 360,000 Yuan, confirmed Shenzhen Greevecon Environmental Protection Technology Co., Ltd. investment losses of 370,000 yuan. Among them, the "Order Gate" event's protagonist Rainbow Green World is particularly noticeable. The first half of the company to achieve operating income of 3.5825 million yuan, the cumulative loss of 2.5181 million yuan.　　Rainbow Refinement in its performance forecasts that the rainbow Green World business There is the risk of continued loss. March 2 This year, Rainbow refined disclosure subsidiary of the Rainbow Green World and 2Degrees, Ka Star International, Zhejiang by Soda and SMIC (00981.HK) signed the major intention of the contract, involving its subsidiaries and 4 companies purchase orders for the total amount of up to about 2.075 billion yuan. But then the contracts were lifted and 2 billion contracts plummeted to 510,000.　　Rainbow Refinement in April received the CSRC investigation, August company executives were Shenzhen punished and publicly apologized.　　The "Order Gate" has not yet completely ended, and the Rainbow refined semi-annual report data shows that the Rainbow Green World seems to be a rainbow of refined "baggage." In the first half of the year, the company's inventories grew by 92.15%, based on a trend in the price of raw materials, to reduce costs, and to combine the increase in the Rainbow Green World inventory, according to the Rainbow Refinement The net amount of cash flow generated by operating activities-12.0629 million yuan, a decrease of $13.8156 million over a year earlier, mainly attributable to the merger of the controlling subsidiary, the Rainbow Green World, and the net cash flow generated by the investment activities-$ 52.4604 million, which was reduced by $51.1134 million over a year earlier, mainly in terms of payment of investment funds and merger of the Choi　　The net amount of cash flows generated by the Hong-green world's purchase of equipment is $13.2271 million, which is the result of the merger of the Rainbow Green World and the receipt of the investment payment and the compensation for the operating losses received by the Turner Group Limited. November 30, 2010, Rainbow Refinement and Shenzhen Green World Biodegradable Materials Co., Ltd. jointly set up and operate a rainbow green World in Shenzhen, the registered capital of 100 million yuan, of which the rainbow refined to cash contributions of 55 million yuan, accounting for 55% of total equity.　　The first half of the rainbow refined into the second phase of investment funds 16.5 million yuan, has been invested 33 million yuan. Although the rainbow Green World may continue to lose money, the rainbow refinement is still very much in the Rainbow Green World. Its semi-annual report has such a passage: "Rainbow Green World products are biodegradable materials, with the replacement of ordinary plastic materials characteristics." Biodegradable materials have become a trend to replace ordinary plastic materials, and the market is promising. Due to the investment of new projects, the company entered a new field, there will be a certain market risk and operational risk, the realization of benefits is a gradual process. ”