(August 25, 2004 the State-owned assets supervision and Administration Commission of the State Council promulgated as of August 30, 2004, 9th) Chapter I General provisions article to strengthen the supervision and management of State-owned assets, reflect the situation of State-owned capital operation of enterprises, State-owned capital value result known, maintaining national ownership interest, in accordance with the interim regulations on State-owned assets supervision and administration of enterprises and national provisions relating to financial accounting, these measures are formulated.
    The State Council shall, in all provinces, autonomous regions and municipalities, districts of city and prefecture-level Governments to fulfil the responsibilities of investor Enterprise (hereinafter enterprise) value of State-owned capital and subsequently confirmed, these measures shall apply. Article of State-owned capital in these measures refers to national enterprises of various forms of investment and investment by the formation of interest, and all other legally recognized as national interests.
    State-owned enterprises, its State-owned enterprise capital refers to the owner of rights, and all other legally recognized as national interests for State-controlled shareholding enterprises, which state capital that the State should enjoy a share of owner's equity.
    Mentioned in the fourth article of the measures of State-owned capital value of results refers to the State-owned assets supervision and administration bodies based on the audited annual financial report on the accounts, overall analysis of evaluation factors influencing the operating period of State-owned capital changes based on the verified to confirm the results of State-owned capital preservation and appreciation.
    Fifth is responsible for State-owned assets supervision and administration of State-owned capital value results to verify the confirmation work.
    Around the bodies responsible for the supervision of State-owned assets supervision and management of State-owned capital in the context of preserving and increasing the value added results to verify the confirmation work.
    Sixth article enterprise should in truthfully prepared annual financial accounts report of based Shang, seriously analysis and verified business period within State-owned capital increases or decreases changes of the subjective and objective factors, real, and objective to reflect State-owned capital operation results, promote achieved State-owned capital hedge value-added business target, and for enterprise financial regulatory and performance evaluation, and Enterprise head performance assessment, and Enterprise ergonomics linked approved, funded people regulatory work provides based according to.
    Chapter II calculation of the rate of State-owned capital preservation and appreciation seventh State-owned capital value result reflected mainly through the State-owned capital preservation and appreciation rate, and set the appropriate correction indexes and index, take into account all the objective factors increase or decrease, in a comprehensive, fair and objective judging an operating period of State-owned capital operating efficiency and safety conditions. Article eighth value of State-owned capital in these measures refers to the management of deducted from objective factors increase or decrease after the end of the period of State-owned capital and the ratio of State-owned capital at beginning of period.
    The formula is as follows: = value of State-owned capital ratio = (after deducting the objective factors of the final State-owned capital divided by State-owned capital at beginning of period) x100% =tbl/> state capital appreciation rate is divided into year increment of State-owned capital rate and for a period of State-owned capital value rate. Nineth enterprise value correction ratio for non-performing assets of State-owned capital.
    Its formula is: = non-performing assets ratio = (end of bad assets ÷ total assets at the end) x100% =tbl/> bad assets mentioned in these measures refers to outstanding assets net loss and latent losses (financial) accounts, and as stipulated in the financial accounting system should be no asset value reduction preparation of all kinds of troubled assets is expected to total loss.
    Article tenth operating period of rising nonperforming assets increased enterprises ' bad assets ratio shall be deducted when calculating the rate of State-owned capital preservation and appreciation of amendments. (A) no implementation of the accounting system of enterprises, business enterprises ' bad assets ratio increased during the period, which accounted for increases in state capital preservation and appreciation rates for direct reduction. Calculation formula for: = amendment Hou State-owned capital hedge value-added rate = (deduction objective effect factors of final State-owned capital-bad assets increased amount) ÷ period early state-owned capital x100% bad assets increased amount = final bad assets-period early bad assets =tbl/> (ii) has implementation enterprise accounting system of enterprise, business period within on has problem assets not by financial accounting system meter mention assets reduction value prepared, should in accounting state-owned capital hedge value-added rate Shi for deduction amendment.
    Its calculation formula for: = amendment Hou State-owned capital hedge value-added rate = (deduction objective effect factors of final State-owned capital-has problem assets is expected to loss amount) ÷ period early state-owned capital x100% has problem assets is expected to loss amount = various has problem assets x related assets reduction value prepared meter mention proportion =tbl/> (three) State-owned holding Enterprise amendment State-owned capital hedge value-added rate, should by equity share for accounting.
    11th state-owned capital value index for return on equity, earnings growth, surplus cash coverage ratio, ratio of assets and liabilities. (A) the net asset yield refers to business ratio of net income to average net assets during the period. The formula is as follows: = return on equity = (net profit ÷ average equity) x100%: average net assets = (opening + ending owner's equity owners ' equity) ÷ 2 =tbl/> (ii) profit growth: an enterprise operating period of profit growth and the gross profit ratio. The formula is as follows: = profit = (profit growth amount ÷ total profit) x100%: profit increased profits on the current period = total profit-total =tbl/> (iii) surplus cash coverage ratio: refers to business net operating cash flow for the period/net profit ratio. The formula is as follows: = net surplus cash coverage ratio = operating cash flow/net profit =tbl/> (d) debt-asset ratio: refers to the operation of the ratio of total liabilities to total assets. Calculation formula following: = assets liabilities rate = (liabilities total ÷ assets total) x100% =tbl/> 12th article this approach by said objective increased factors main including following content: (a) national, and State-owned units directly or additional investment: is refers to representative national investment of sector (institutions) or enterprise, and institutions investment established child enterprise, and pair enterprise additional input and increased State-owned capital; (ii) free designated into: is refers to by national about provides will other enterprise of State-owned assets all or part designated into and increased State-owned capital
    ; (Three) assets assessment: is refers to for restructuring, and listed, reasons by national provides for assets assessment and increased State-owned capital; (four) General Checkup on enterprise assets: is refers to by provides for General Checkup on enterprise assets Hou, by State-owned assets supervision management institutions approved and increased State-owned capital; (five) property defined: is refers to by provides for property defined and increased State-owned capital; (six) capital (stock) premium: is refers to enterprise overall or to main assets premium issued stock or rights issue and increased State-owned capital; (Seven) tax returned: is refers to by national tax policy returned provides and increased State-owned capital; (eight) accounting adjustment and reduction value prepared back: is refers to business during accounting policy and accounting estimated occurred major change, and Enterprise reduction value prepared back, and Enterprise Accounting errors adjustment, led to enterprise business results occurred major changes and increased State-owned capital; (nine) other objective increased factors: is refers to except above case outside, by State-owned assets supervision management institutions by provides finds and increased enterprise State-owned capital of factors, as accept donation, and
    Debt-for-equity, and so on.
    13th article this approach by said objective reduced factors main including following content: (a) special approved verification: is refers to by national General Checkup on enterprise assets, about policy, by State-owned assets supervision management institutions approved verification and reduced state-owned capital; (ii) free draw: is refers to by about provides will this enterprise of State-owned assets all or part designated into other enterprise and reduced state-owned capital; (three) assets assessment: is refers to for restructuring, and listed, reasons by provides for assets assessment and reduced state-owned capital;
    (Four) property defined: is refers to for property defined and reduced state-owned capital; (five) Digest yiqian annual dive lost and hanging account: is refers to by approved business period Digest yiqian annual dive lost hanging account and reduced state-owned capital; (six) natural disasters, not resist factors: is refers to for natural disasters, not resist factors and reduced state-owned capital; (seven) enterprise by provides surrendered bonus: is refers to enterprise according to about policy, and system provides distribution to investors bonus and reduced Enterprise State-owned capital;
    (H) capital (stocks) discount: refers to the enterprise as a whole, or to the main asset discounted shares or rights issue and the reduction of State-owned capital and (IX) other objective reduction factors: refers to in addition to the above cases, identified by the State-owned assets supervision and administration in accordance with the regulations and the reduction of State-owned capital factor. Article 14th capital appreciation rates to state-owned enterprises based on the consolidated financial statements.
    Enterprises inside and outside all wholly-owned enterprises, holding companies, and a variety of independent branches, institutions and infrastructure projects should be according to the provisions included in the scope of consolidated statement.
    15th Enterprise shall, according to the relevant State financial and accounting system and enterprise management provisions of the financial accounts, delegate within the audit period the objective changes in factors affecting State-owned capital and by a firm of Accountants in audit reports disclosed or proof of the necessary forensic. 16th enterprise to the beginning of the current period of State-owned capital-calibre should converge with the end diameter on line. Enterprise caliber adjustments to the State capital at beginning of period shall conform to the relevant provisions of the national accounting, and make the adjustments necessary to State.
    Aperture adjustment range including the beginning of the current period of State-owned capital: (a) on the annual financial statement for retroactive adjustment, (ii) transfer diameter adjustment of business my wife enterprises, (iii) changes in scope of consolidation of the financial accounts of enterprises-diameter adjustment and (iv) other adjustments that affect enterprises of State-owned capital at beginning of period. Article 17th needs according to the State-owned assets supervision and management, enterprise value, heads of enterprises, respectively confirmation of results according to fiscal year.
    Terms of Heads of enterprises of State-owned capital value result according to the duration of annual financial accounts data. Confirmation of the third chapter of State-owned capital value result

    18th Enterprise shall, within the prescribed period of time, will operate for a period of State-owned capital value and related materials submitted in conjunction with the annual financial report on the accounts of the State-owned assets supervision and administration.
    Submitted material should including: (a) State-owned capital hedge value-added results confirmed table and electronic document; (ii) Enterprise State-owned capital hedge value-added situation analysis description, specific content including State-owned capital hedge value-added completed situation, and objective increases or decreases factors, and period early data caliber, and and Shang period confirmed results of compared analysis, and related reference index sharply fluctuations or exception changes of analysis description and other need report of situation; (three) objective increases or decreases factors proved material.
    19th State-owned capital value objective documentation of change factors in addition to the annual financial statement audit reports shall also include: (a) documents of relevant State departments, (ii) the special identification to prove; (c) the related receipt voucher evidencing of the enterprise; (iv) other supporting materials.
    Article 20th report of State-owned capital preservation and appreciation materials shall meet the following requirements: (a) real, objective indicators, completing the caliber consistent with provisions, (ii) electronic documents comply with the uniform requirements; (c) the various objective factors increase or decrease the material is true, complete, and explain the situation. 21st Enterprise Director, Treasurer or chief accountant in charge of the enterprise should be reported to the State-owned capital preservation and appreciation of material authenticity, integrity, responsibility.
    Undertake annual financial statement audit business of accountant firms and CPAs on audit of State-owned capital preservation and appreciation materials and related forensic proof issued by the responsible for the authenticity and legality of.
    22nd according to work needs to finance controlling systems, the State-owned assets supervision and administration in accordance with the administrative rules for the reporting of the financial accounts of Central enterprises (SAC, 5th) and other relevant provisions for the verification of accounting information and the value of material and verification to confirm the results of State-owned capital preservation and appreciation.
    23rd State capital value result verification confirmation work, should be based on approved annual financial report on the accounts of the enterprise data, excluding the objective changes in factors affecting the change in the State-owned capital, and in the change of enterprises ' bad assets on the basis of factor analysis to verify, finds the actual situation of State-owned capital preservation and appreciation, namely State-owned capital value rate.
    Article 24th of State-owned capital appreciation were divided into the following three categories: (a) the State-owned capital appreciation is higher than 100%, value-added of State-owned capital; (b) the 100% value is equal to the State capital, to maintenance of State-owned capital; (c) the rate of State-owned capital appreciation is less than 100%, for the reduction of State-owned capital value.
    25th State-owned capital has the following special circumstances, not to account for State-owned capital appreciation rate, but it should be according to the period of State-owned capital changes made added value or impairment of judgment.
    (A) after adjustment of State-owned capital beginning for positive, negative at the end of the period, State-owned capital impairment of value achievement judged to be, (ii) after adjustment of State-owned capital was negative at the beginning and ending is a positive value, increment the completion of State-owned capital determined to be value added.
    Article 26th should be verified to confirm that State-owned assets supervision and administration of State-owned capital preservation and appreciation of the actual target State capital preservation and appreciation of State-owned enterprises with the national industry standards for comparative analysis, in accordance with the "excellent, good, average, low, low" five grades, and evaluation by enterprises in the industry at the appropriate level.
    Central State-owned asset increment rate did not reach the level of the national average appreciation rate of State-owned enterprises, regardless of their level in the industry, not judged "excellent" grade.
    27th of the following circumstances State-owned capital preservation and appreciation level as "poor" grade: (a) there are significant financial problems, material misstatements of the financial accounts of the year; (b) the annual financial report on the accounts to be certified public accountants issued negative opinions, unable to express a view audit reports; (c) the continuing insolvency.
    Insolvent enterprises, make up for the loss of State-owned capital during the operating period, confirms that the rate of loss of State-owned capital. 28th State-owned capital operating period of no value goals of the enterprise, its head extended performance salary according to the head of interim measures for the performance evaluation of Central enterprises (SAC 2nd) and other relevant provisions of the deduction.
    Enterprises linked to the implementation of ergonomics, operating period did not achieve capital preservation and appreciation of State-owned, may withdraw the new benefit paid.
    Article 29th in providing State-owned capital value results, should be confirmed by the State-owned assets supervision and administration institutions verify the results as the basis.
    30th national capital value index of industry standards by the State-owned assets supervision and administration in accordance with the annual national General operations of State-owned capital, based on the annual financial statement information of the national State-owned enterprises, according to the same industrial classification estimates and announced.
    Fourth chapter penalty provisions article 31st to submit annual financial report on the accounts and increment of State-owned capital related materials content is not complete, the larger objective factors the insufficient evidence or data errors, which verify the results of State-owned capital preservation and appreciation not true, ordered by the State-owned assets supervision and administration of its financial statement restatements, and informed criticism.
    Article 32nd in the value of State-owned capital and subsequently confirmed in the work of deception or provides false materials, and deliberately fail to report, hide conditions, by the State-owned assets supervision and Administration Department shall be ordered to correct serious cases, in accordance with the interim regulations on State-owned assets supervision and administration of enterprises and other relevant laws and regulations will be punished, and hold the people concerned.
    Article 33rd CPA and CPA audit of State-owned capital preservation and appreciation related materials involved in fraud, provided false testimony, State-owned capital value of false results, funded by the State-owned assets supervision and Administration Department shall prohibit to recruit its audit services, and communications or in conjunction with the relevant authorities in the investigation.
    Article 34th related staff in State-owned assets supervision and administration of State-owned capital value result verification confirm irregularities for favoritism in the process, causing major faults or divulge corporate trade secrets, shall be subject to disciplinary action; a suspected crime, the law transferred to judicial organs for handling.
    The fifth chapter supplementary articles article 35th of all provinces, autonomous regions and municipalities directly under the State-owned assets supervision and administration in accordance with these measures, combined with local practice, development of appropriate rules.
    36th before the implementation of these measures on the work of State-owned capital value result confirmed rules and regulations inconsistent with these measures, in accordance with the provisions of that approach.
                                                                                                                        37th article of the rules take effect on August 30, 2004.