Weifu High-Technology Group Co., Ltd.
First Quarterly Report 2019
April 2019
Section I. Important Notes
Board of Directors and the Supervisory Committee of Weifu High-TechnologyGroup Co., Ltd. (hereinafter referred to as the Company) and its directors,supervisors and senior executives should guarantee the reality, accuracy andcompletion of the quarterly report, there are no any fictitious statements,misleading statements or important omissions carried in this report, and shalltake legal responsibilities, individual and/or joint.
All Directors are attended the Board Meeting for Quarterly Report deliberation
Chen Xuejun, Principal of the Company; Ou Jianbin, Person in Charge ofAccounting Works and Person in Charge of Accounting Organ (AccountingSupervisor) hereby confirm that the Financial Report of the First QuarterlyReport is authentic, accurate and complete.
Section II. Company Profile
I. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data□Yes √ No
| Current Period | Same period of last year | Changes of this period over same period of last year | |
| Operating income (RMB) | 2,270,130,717.54 | 2,391,982,640.39 | -5.09% |
| Net profit attributable to shareholders of the listed company (RMB) | 689,179,364.60 | 784,228,178.43 | -12.12% |
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (RMB) | 613,343,723.80 | 691,598,799.43 | -11.32% |
| Net cash flow arising from operating activities (RMB) | 145,409,651.46 | 86,416,705.11 | 68.27% |
| Basic earnings per share (RMB/Share) | 0.68 | 0.78 | -12.82% |
| Diluted earnings per share (RMB/Share) | 0.68 | 0.78 | -12.82% |
| Weighted average ROE | 4.24% | 5.15% | -0.91% |
| End of this period | End of last period | Changes of this period-end over same period-end of last year | |
| Total assets (RMB) | 22,204,649,523.58 | 20,892,041,460.30 | 6.28% |
| Net assets attributable to shareholder of listed company (RMB) | 16,603,398,152.41 | 15,913,828,778.82 | 4.33% |
Items of non-recurring gains and losses√ Applicable □ Not applicable
In RMB
| Item | Amount from year-begin to period-end | Note |
| Gains/losses from the disposal of non-current asset (including the write-off that accrued for impairment of assets) | 282,530.38 | |
| Governmental subsidy reckoned into current gains/losses (not including the subsidy enjoyed in quota or ration according to national standards, which are closely relevant to enterprise’s business) | 6,930,045.15 | |
| Gain or loss on the investment or management of assets | 30,329,829.15 | |
| Held transaction financial asset, gains/losses of changes of fair values from transaction financial liabilities, and investment gains from disposal of transaction financial asset, | 51,489,477.13 |
| transaction financial liabilities and financial asset available for sales, exclude the effective hedging business relevant with normal operations of the Company | ||
| Other non-operating income and expenditure except for the aforementioned items | 872,909.01 | |
| Less: impact on income tax | 13,629,395.27 | |
| Impact on minority shareholders’ equity (post-tax) | 439,754.75 | |
| Total | 75,835,640.80 | -- |
Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for CompaniesOffering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according tothe lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering TheirSecurities to the Public --- Extraordinary Profit/loss, explain reasons□ Applicable √ Not applicableIn reporting period, the Company has no particular about items defined as recurring profit (gain)/loss according to the lists ofextraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities tothe Public --- Extraordinary Profit/loss
II. Total number of shareholders at the end of this report period and top ten shareholders
1. Common and preferred stockholders with voting rights recover and the top ten share-holding
In Share
| Total common shareholders at the end of report period | 54,791 | Total preferred stockholders with voting rights recover at the end of report period (if applicable) | 0 | ||||||
| Top ten shareholders | |||||||||
| Shareholder’s name | Nature of shareholder | Proportion of shares held | Amount of shares held | Amount of restricted shares held | Number of share pledged/frozen | ||||
| State of share | Amount | ||||||||
| WUXI INDUSTRY DEVELOPMENT CROUP CO., LTD. | State-owned legal person | 20.22% | 204,059,398 | ||||||
| ROBERT BOSCH GMBH | Foreign legal person | 14.16% | 142,841,400 | ||||||
| HKSCC Nominees Limited | Foreign legal person | 6.61% | 66,672,353 | ||||||
| Bank of Communication – HSBC Jixin Double Core Strategy Mixed Securities Investment Fund | Other | 1.91% | 19,237,847 | ||||||
| BBH BOS S/A FIDELITY FD - CHINA FOCUS FD | Foreign legal person | 1.84% | 18,530,315 | ||||||
| China Life Insurance (Group) Company - bonus- personal bonus-005L-FH002 SHEN | Other | 1.56% | 15,714,926 | ||||||
| China Life Insurance (Group) Company - | Other | 1.47% | 14,881,834 | ||||||
| tradition - general insurance products-005L-CT00 1 SHEN | |||||||||
| Central Huijin Assets Management Co., Ltd. | State-owned legal person | 1.27% | 12,811,200 | ||||||
| Investec Asset Management - Investec Global Strategy Fund - All-China Equity Fund (Exchange) | Foreign legal person | 0.87% | 8,772,392 | ||||||
| FIDELITY INVMT TRT FIDELITY INTL SMALL CAP FUND | Foreign legal person | 0.61% | 6,122,887 | ||||||
| Top ten shareholders with unrestricted shares held | |||||||||
| Shareholder’s name | Amount of unrestricted shares held | Type of shares | |||||||
| Type | Amount | ||||||||
| WUXI INDUSTRY DEVELOPMENT CROUP CO., LTD. | 204,059,398 | RMB common share | 204,059,398 | ||||||
| ROBERT BOSCH GMBH | 142,841,400 | RMB common share | 115,260,600 | ||||||
| Domestically listed foreign share | 27,580,800 | ||||||||
| HKSCC Nominees Limited | 66,672,353 | RMB common share | 66,672,353 | ||||||
| Bank of Communication – HSBC Jixin Double Core Strategy Mixed Securities Investment Fund | 19,237,847 | RMB common share | 19,237,847 | ||||||
| BBH BOS S/A FIDELITY FD - CHINA FOCUS FD | 18,530,315 | Domestically listed foreign share | 18,530,315 | ||||||
| China Life Insurance (Group) Company - bonus- personal bonus-005L-FH002 SHEN | 15,714,926 | RMB common share | 15,714,926 | ||||||
| China Life Insurance (Group) Company - tradition - general insurance products-005L-CT00 1 SHEN | 14,881,834 | RMB common share | 14,881,834 | ||||||
| Central Huijin Assets Management Co., Ltd. | 12,811,200 | RMB common share | 12,811,200 | ||||||
| Investec Asset Management - Investec Global Strategy Fund - All-China Equity Fund (Exchange) | 8,772,392 | RMB common share | 8,772,392 | ||||||
| FIDELITY INVMT TRT FIDELITY INTL SMALL CAP FUND | 6,122,887 | Domestically listed foreign share | 6,122,887 | ||||||
| Note of related relationship among the above shareholders and concerted actors | Among the top ten shareholders, the Company knew there has no associated relationship between Wuxi Industry Development Croup Co., Ltd., the first largest shareholder of the Company, and other shareholders; and they do not belong to the consistent actionist regulated by the Management Measure of Information Disclosure on Change of Shareholding for Listed Company. | ||||||||
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreementdealing in reporting period□ Yes √ NoThe top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no buy-backagreement dealing in reporting period.
2. Total shareholders with preferred stock held at Period-end and shares held by top ten shareholders withpreferred stock held
□ Applicable √ Not applicable
Section III. Significant Events
I. Particulars about material changes in items of main accounting statement and financialindex and explanations of reasons
√ Applicable □ Not applicable
(I) Changes and reasons of items in balance sheet：
1. Ending balance of account receivable increased 696.2224 million yuan over that of last year with 36.27 percentup, mainly because sales in the period is higher than the previous period;2.Other account receivable in the period decreased 39.0745 million yuan with 46.20 percent down compared withend of last year, mainly because of the assets disposal reimbursement from WFJN in the period.3. Other current assets in the period has decreased 4592.244 million yuan compared with end of last year,financial assets available-for-sale in the period has decreased 255.9752 million yuan compared with end of lastyear, other equity instrument investment in the period has increased 87.0883 million yuan compared with end oflast year, other non-current financial assets in the period has increased 138.8 million yuan compared with end oflast year, mainly because the above mentioned items are re-classified due to the implementation of newaccounting rules for financial instrument;4. Construction in progress in the period increased 42.9539 million yuan by comparing with end of last year with25.81 percent up, mainly due to the increase of technical improvement equipment;5. Short-term loans in the period increased 126.988 million yuan by comparing with end of last year with 42.48percent up, mainly due to the increase of bank loans in the period;6. Taxes payable in the period increased 64.382 million yuan by comparing with end of last year with 86.68percent up, mainly because payable for income tax, VAT, urban construction tax and education surchargeincreased;7. Deferred income tax liability in the period increased 7.6221 million yuan and 398.49 percent compared withend of last year, mainly due to the increase of fair value from financial assets held for trading;8. Ending balance of other comprehensive income in the period is re-classified to “Retained profit” according tonew accounting rules.(II) Changes and reasons of items in profit and loss statement：
1.Taxes and surcharge in the period increased 4.898 million yuan from a year earlier with 30.38 percent up,mainly because payable for urban construction tax and education surcharge increased;2. Financial expenses in the period decreased 19,531,700 yuan from a year earlier, mainly because interest incomeincrease;3. Investment income in the period decreased 162,091,550 yuan from a year earlier with 26.71 percent down,mainly because income from share-participated enterprise declined
(III) Changes and reasons of items in cash flow statement：
1. Net cash flow arising from operation activity in the period increased 58.9929 million yuan from a year earlierwith 68.27 percent up, mainly because expenditure for purchasing declined on a y-o-y basis and the interestincome increased from a year earlier;2. Net cash flow arising from investment activity: decreased out-flow of 1824.5962 million yuan from a yearearlier, mainly because financial products purchased in the period and collection of financial products on duedeclined on a y-o-y basis;3.Net cash flow arising from financing activity: increased 41.0633 million yuan from a year earlier with 50.68percent up, mainly because bank loans in the period increased and borrowing paid to the bank in the perioddeclined
II. Analysis and explanation of significant events and their influence and solutions
√ Applicable □ Not applicable
(i) Parts of the joint-stock enterprise’s equity held by the Company freeze1. On 6 March 2017, the Company received a legal documents mail from Shenzhen Intermediate people’s Courtin Guangdong Province (hereinafter referred to as Shenzhen Intermediate Court). Pursuit to the legal documents,the plaintiff- China Cinda Asset Management Co., Ltd. Shenzhen Branch bring a suit against eight defendants (theCompany included) and the third party-Shenzhen Hejun Venture Holding Co., Ltd. (“Hejun Company” for short)for damaged the interests of corporate creditors, totally two cases for suits. Shenzhen Intermediate Court acceptedthe case and issued the Civil Order of (2016) Yue 03 MC No.2490 and (2016) Yue 03 MC No. 2492, that is, theproperty under the name of eight defendants are being seal up, detain or freeze-up, totally amounted as 217million Yuan. Ended as the reporting period, the 4.71 million shares of Miracle and 11,739,102 shares of SDECheld by the Company are being freeze-up. First trial are carried on 24 September 2017, and further session to beadvised from the Court.2. The company has applied to Futian People's Court of Shenzhen for compulsory liquidation with HejunCompany. A Civil Ruling Paper is carried by Futian People's Court of Shenzhen (2017) Yue 0304 QS No.5, that is:
implemented compulsory liquidation on Hejun Company. The Company will fully engage with the Court forrelevant liquidation works completed, guarantee legitimate interest of the Company.(ii) In accordance with the resolution of 4
th
session of 9
th
BOD held on 26 March 2019, the Company plans toestablish a wholly-owned subsidiary SPV Company in Denmark. Acquired the 66.00% equity of IRD Fuel CellsA/S (“IRD” for short) in Denmark held by FCCT ApS. Company with EUR 7.26 million by conversion (value ofassessment for IRD as EUR 11 million). Benefit from the controlling of IRD by equity procurement, the Companywill enter the field of fuel cell core components quickly, and enhancing the competitiveness of Companies inemerging market; the evens are in line with the development strategy of the Company, lay a sound foundation forsustainable, rapid and healthy development of the Company, as well as transformation and upgrading. Relevantworks are progressing smoothly.
| Overview | Disclosure date | Query index for interim notice |
| Parts of the joint-stock enterprise’s equity held by the Company freeze | 2017-03-08 | (Notice No. 2017-002) Published on Juchao Website (www.cninfo.com.cn) |
| 2017-12-06 | (Notice No. 2017-023) Published on Juchao Website (www.cninfo.com.cn) | |
| The Company plans to establish a wholly-owned subsidiary SPV Company in Denmark. Acquired the 66.00% equity of IRD Fuel Cells A/S (“IRD” for short) in Denmark held by FCCT ApS. Company | 2019-03-28 | (Notice No. 2019-003) Published on Juchao Website (www.cninfo.com.cn) |
Implementation progress of shares buy-back□ Applicable √ Not applicableImplementation progress of the reduction of repurchases shares by centralized bidding□ Applicable √ Not applicable
III. Commitments non-performance over due in reporting period from committed parties asactual controller, shareholders, related party, acquirer and the Company
□Applicable √Not applicableNo the above mentioned commitment occurred in the period.
IV. Predict of the business performance from January to June 2019
Warnings and reasons of the predict that the cumulative net profit from the begin of the year to the end of next report period may beloss or have great changes comparing with the same period of last year□Applicable √Not applicable
V. Securities Investment
√ Applicable □ Not applicable
| Variety of securities | Code of securities | Short form of securities | Initial investment cost | Accounting measurement model | Book value at the beginning of the period | Current gain/loss of fair value changes | Cumulative fair value changes in equity | Current purchase amount | Current sales amount | Profit and loss in the Reporting Period | Book value at the end of the period | Accounting subject | Capital Source |
| Domestic and foreign stocks | 600841 | SDEC | 199,208,000.00 | Measured by fair value | 85,458,408.00 | 35,456,148.00 | 35,456,148.00 | 120,914,556.00 | Transactional financial assets | Own funds |
| Domestic and foreign stocks | 002009 | Miracle Logistics | 69,331,500.00 | Measured by fair value | 35,607,600.00 | 15,543,000.00 | 15,543,000.00 | 51,150,600.00 | Transactional financial assets | Own funds | |||
| Total | 268,539,500.00 | -- | 121,066,008.00 | 50,999,148.00 | 0.00 | 0.00 | 50,999,148.00 | 172,065,156.00 | -- | -- | |||
| Disclosure date of securities investment approval by the Board | 2012-03-24 | ||||||||||||
| 2013-06-04 | |||||||||||||
VI. Derivative investment
□ Applicable √ Not applicableNo derivative investment in the Period.
VII. Registration form for receiving research, communication and interview in the reportperiod
√ Applicable □ Not applicable
| Date | Method | Type of investors | Index for the interview and research |
| 1 Jan. 2019 to 31 Mar. 2019 | Telephone communication | Other | The Company answered 35 questions for investors online through the investor relations interactive platform(http://irm.p5w.net/dqhd/sichuan/) |
| 1 Jan. 2019 to 31 Mar. 2019 | Written inquiries | Other | Basic condition of the Company and views on market, communication with investors by telephone more than 50 |
VIII. External security against the rules
□ Applicable √ Not applicableThe Company has no external security against the rules in the Period
IX. Controlling shareholders' and its related party's non-business capital occupying of thelisted company
□ Applicable √ Not applicableThere are no controlling shareholders' and its related party's non-business capital occupying of the listed company.
Section IV. Financial Statement
I. Financial statement
1. Consolidate balance sheet
Prepared by Weifu High-Technology Group Co., Ltd
2019-03-31
In RMB
| Items | 2019-3-31 | 2018-12-31 |
| Current assets: | ||
| Monetary fund | 2,819,804,525.07 | 2,616,321,740.73 |
| Settlement provisions | ||
| Capital lent | ||
| Transactional financial assets | 4,673,772,755.43 | |
| Financial assets measured by fair value and with variation reckoned into current gains/losses | ||
| Derivative financial assets | ||
| Note receivable and account receivable | 3,790,836,367.98 | 3,067,900,870.59 |
| Including: Notes receivable | 1,174,820,713.33 | 1,148,107,603.68 |
| Accounts receivable | 2,616,015,654.65 | 1,919,793,266.91 |
| Account paid in advance | 111,958,055.15 | 94,651,431.31 |
| Insurance receivable | ||
| Reinsurance receivables | ||
| Contract reserve of reinsurance receivable | ||
| Other account receivable | 45,507,695.08 | 84,582,246.16 |
| Including: Interest receivable | 1,125,062.50 | 1,842,437.50 |
| Dividends receivable | ||
| Buying back the sale of financial assets | ||
| Inventories | 1,359,512,749.81 | 1,438,528,714.59 |
| Contractual assets | ||
| Assets held for sale | ||
| Non-current assets maturing within one year | ||
| Other current assets | 39,893,615.34 | 4,632,137,600.26 |
| Total current assets | 12,841,285,763.86 | 11,934,122,603.64 |
| Non-current assets: | ||
| Loans and payments on behalf | ||
| Debt investment | ||
| Available-for-sale financial assets | 255,975,176.91 | |
| Other debt investment | ||
| Held-to-maturity investments | ||
| Long-term receivables | ||
| Long-term equity investments | 5,391,190,657.28 | 4,976,773,946.74 |
| Investment in other equity instrument | 87,088,272.91 | |
| Other non-current financial assets | 138,800,000.00 | |
| Investment real estate | 21,518,950.44 | 21,906,134.52 |
| Fixed assets | 2,673,979,017.43 | 2,707,374,678.61 |
| Construction in progress | 209,368,449.48 | 166,414,542.18 |
| Productive biological assets | ||
| Oil and natural gas assets | ||
| Right-of-use assets | ||
| Intangible assets | 321,620,719.34 | 324,892,822.75 |
| Research and development costs | ||
| Goodwill | 1,784,086.79 | 1,784,086.79 |
| Long-term deferred expenses | 16,199,658.08 | 16,637,652.31 |
| Deferred income tax assets | 229,799,755.01 | 234,697,139.58 |
| Other non-current assets | 272,014,192.96 | 251,462,676.27 |
| Total non-current assets | 9,363,363,759.72 | 8,957,918,856.66 |
| Total assets | 22,204,649,523.58 | 20,892,041,460.30 |
| Current liabilities | ||
| Short-term borrowings | 425,916,205.33 | 298,928,213.94 |
| Loan from central bank | ||
| Capital borrowed | ||
| Transactional financial liability | ||
| Financial liability measured by fair value and with variation reckoned into current gains/losses | ||
| Derivative financial liability | 490,329.13 | |
| Notes payable & account payable | 3,517,146,498.22 | 3,065,704,368.40 |
| Accounts received in advance | 37,143,511.92 | 41,329,857.80 |
| Selling financial asset of repurchase | ||
| Absorbing deposit and interbank deposits | ||
| Agent buying and selling securities | ||
| Acting underwriting securities | ||
| Wage payable | 275,428,214.03 | 312,113,178.24 |
| Taxes payable | 138,653,599.45 | 74,271,613.92 |
| Other accounts payable | 64,813,370.51 | 64,448,723.52 |
| Including: Interest payable | 650,630.20 | 517,469.08 |
| Dividend payable | ||
| Handling fees and commissions payable | ||
| Reinsurance payable | ||
| Contractual liability | ||
| Liability held for sale | ||
| Non-current liabilities due within one year | 15,000,000.00 | 15,000,000.00 |
| Other current liabilities | ||
| Total current liabilities | 4,474,101,399.46 | 3,872,286,284.95 |
| Non-current liabilities: | ||
| Insurance contract reserve | ||
| Long-term loans | 30,000,000.00 | 30,000,000.00 |
| Bonds payable | ||
| Including: preferred stock | ||
| Perpetual capital securities | ||
| Lease liability | ||
| Long-term account payable | 110,101,529.47 | 110,101,529.47 |
| Long term employee compensation payable | ||
| Accrued liabilities | ||
| Deferred income | 428,705,365.98 | 425,769,854.13 |
| Deferred income tax liabilities | 9,534,858.36 | 1,912,744.40 |
| Other non-current liabilities | ||
| Total non-current liabilities | 578,341,753.81 | 567,784,128.00 |
| Total liabilities | 5,052,443,153.27 | 4,440,070,412.95 |
| Owners’ equity: | ||
| Share capital | 1,008,950,570.00 | 1,008,950,570.00 |
| Other equity instrument | ||
| Including: preferred stock | ||
| Perpetual capital securities | ||
| Capital public reserve | 3,416,022,795.14 | 3,416,022,795.14 |
| Less: Inventory shares | ||
| Other comprehensive income | -19,809,442.95 | |
| Special reserve | 2,008,499.49 | 1,618,490.50 |
| Surplus reserve | 510,100,496.00 | 510,100,496.00 |
| Provision of general risk | ||
| Retained profit | 11,666,315,791.78 | 10,996,945,870.13 |
| Total owner’s equity attributable to parent Company | 16,603,398,152.41 | 15,913,828,778.82 |
| Minority interests | 548,808,217.90 | 538,142,268.53 |
| Total owner’s equity | 17,152,206,370.31 | 16,451,971,047.35 |
| Total liabilities and owner’s equity | 22,204,649,523.58 | 20,892,041,460.30 |
Legal Representative: Chen Xuejun Person in charge of accounting works: Ou JianbinPerson in charge of accounting institute: Ou Jianbin
2. Balance Sheet of Parent Company
In RMB
| Items | 2019-3-31 | 2018-12-31 |
| Current assets: | ||
| Monetary fund | 2,399,590,678.94 | 1,922,408,227.00 |
| Transactional financial assets | 4,373,772,755.43 | |
| Financial assets measured by fair value and with variation reckoned into current gains/losses | ||
| Derivative financial assets | ||
| Note receivable and account receivable | 1,261,431,368.90 | 1,006,511,198.29 |
| Including: Notes receivable | 204,814,248.31 | 264,264,207.30 |
| Accounts receivable | 1,056,617,120.59 | 742,246,990.99 |
| Account paid in advance | 72,185,672.93 | 59,028,927.25 |
| Other account receivable | 220,576,834.81 | 196,849,092.13 |
| Including: Interest receivable | 191,027.23 | 188,682.78 |
| Dividends receivable | ||
| Inventories | 403,449,067.17 | 492,054,274.67 |
| Contractual assets | ||
| Assets held for sale | ||
| Non-current assets maturing within one year | ||
| Other current assets | 9,248,001.45 | 4,576,688,553.49 |
| Total current assets | 8,740,254,379.63 | 8,253,540,272.83 |
| Non-current assets: | ||
| Debt investment | ||
| Available-for-sale financial assets | 180,035,176.91 | |
| Other debt investment | ||
| Held-to-maturity investments | ||
| Long-term receivables | ||
| Long-term equity investments | 6,131,154,654.18 | 5,739,110,426.55 |
| Investment in other equity instrument | 11,148,272.91 | |
| Other non-current financial assets | 138,800,000.00 | |
| Investment real estate | ||
| Fixed assets | 1,496,344,271.91 | 1,534,109,106.80 |
| Construction in progress | 145,592,804.37 | 78,673,300.59 |
| Productive biological assets | ||
| Oil and natural gas assets | ||
| Right-of-use assets | ||
| Intangible assets | 186,457,984.43 | 188,101,655.94 |
| Research and development costs | ||
| Goodwill | ||
| Long-term deferred expenses | ||
| Deferred income tax assets | 135,371,042.80 | 140,286,756.70 |
| Other non-current assets | 176,109,042.29 | 184,208,090.40 |
| Total non-current assets | 8,420,978,072.89 | 8,044,524,513.89 |
| Total assets | 17,161,232,452.52 | 16,298,064,786.72 |
| Current liabilities | ||
| Short-term borrowings | 212,000,000.00 | 112,000,000.00 |
| Transactional financial liability | ||
| Financial liability measured by fair value and with variation reckoned into current gains/losses | ||
| Derivative financial liability |
| Notes payable & account payable | 1,221,543,050.15 | 1,154,238,521.88 |
| Accounts received in advance | 7,093,176.71 | 6,639,554.63 |
| Contractual liability | ||
| Wage payable | 187,865,021.54 | 200,205,508.25 |
| Taxes payable | 80,444,276.77 | 39,193,425.15 |
| Other accounts payable | 34,440,483.03 | 12,142,596.68 |
| Including: Interest payable | 283,127.78 | 149,966.66 |
| Dividend payable | ||
| Liability held for sale | ||
| Non-current liabilities due within one year | ||
| Other current liabilities | ||
| Total current liabilities | 1,743,386,008.20 | 1,524,419,606.59 |
| Non-current liabilities: | ||
| Long-term loans | ||
| Bonds payable | ||
| Including: preferred stock | ||
| Perpetual capital securities | ||
| Lease liability | ||
| Long-term account payable | 63,962,762.93 | 63,962,762.93 |
| Long term employee compensation payable | ||
| Accrued liabilities | ||
| Deferred income | 375,938,170.55 | 381,609,056.40 |
| Deferred income tax liabilities | 7,649,872.20 | |
| Other non-current liabilities | ||
| Total non-current liabilities | 447,550,805.68 | 445,571,819.33 |
| Total liabilities | 2,190,936,813.88 | 1,969,991,425.92 |
| Owners’ equity: | ||
| Share capital | 1,008,950,570.00 | 1,008,950,570.00 |
| Other equity instrument | ||
| Including: preferred stock | ||
| Perpetual capital securities | ||
| Capital public reserve | 3,488,221,286.39 | 3,488,221,286.39 |
| Less: Inventory shares | ||
| Other comprehensive income | -19,809,442.95 |
| Special reserve | ||
| Surplus reserve | 510,100,496.00 | 510,100,496.00 |
| Retained profit | 9,963,023,286.25 | 9,340,610,451.36 |
| Total owner’s equity | 14,970,295,638.64 | 14,328,073,360.80 |
| Total liabilities and owner’s equity | 17,161,232,452.52 | 16,298,064,786.72 |
3. Consolidated Profit Statement
In RMB
| Items | Current Period | Last Period |
| I. Total operating income | 2,270,130,717.54 | 2,391,982,640.39 |
| Including: Operating income | 2,270,130,717.54 | 2,391,982,640.39 |
| Interest income | ||
| Insurance gained | ||
| Handling fees and commissions income | ||
| II. Total operating cost | 2,020,627,883.33 | 2,151,266,982.24 |
| Including: Operating cost | 1,746,327,754.45 | 1,875,352,869.67 |
| Interest expense | ||
| Handling fees and commissions expenses | ||
| Cash surrender value | ||
| Net amount of expense of compensation | ||
| Net amount of withdrawal of insurance contract reserve | ||
| Bonus expense of guarantee slip | ||
| Reinsurance expense | ||
| Taxes and surcharge | 21,018,470.72 | 16,120,507.10 |
| Sales expenses | 43,843,484.79 | 50,463,484.87 |
| Administration expenses | 128,655,184.37 | 121,047,812.20 |
| R&D expenses | 93,170,038.27 | 83,458,614.89 |
| Financial expenses | -15,352,238.79 | 4,179,488.75 |
| Including: interest expenses | 5,031,995.88 | 3,915,165.94 |
| Interest income | 34,388,087.21 | 5,586,446.40 |
| Losses of devaluation of asset | 226,739.06 | 644,204.76 |
| Loss of credit impairment | 2,738,450.46 | |
| Add: other income | 6,930,045.15 | 5,921,558.08 |
| Investment income (Loss is listed with “-”) | 444,746,539.69 | 606,842,043.19 |
| Including: Investment income on affiliated Company and joint venture | 414,416,710.54 | 503,834,064.46 |
| Exchange income (Loss is listed with “-”) | ||
| Net exposure hedging income (Loss is listed with “-”) | ||
| Changing income of fair value(Loss is listed with “-”) | 51,489,477.13 | |
| Income on disposal of assets (Loss is listed with “-”) | 322,246.23 | 118,457.72 |
| III. Operating profit (Loss is listed with “-”) | 752,991,142.41 | 853,597,717.14 |
| Add: Non-operating income | 890,398.10 | 256,470.01 |
| Less: Non-operating expense | 76,964.94 | 305,583.02 |
| IV. Total Profit (Loss is listed with “-”) | 753,804,575.57 | 853,548,604.13 |
| Less: Income tax | 54,077,711.23 | 49,820,490.98 |
| V. Net profit (Net loss is listed with “-”) | 699,726,864.34 | 803,728,113.15 |
| (i) Classify by business continuity | ||
| 1.continuous operating net profit (net loss listed with ‘-”) | 699,726,864.34 | 803,728,113.15 |
| 2.termination of net profit (net loss listed with ‘-”) | ||
| (ii) Classify by ownership | ||
| 1.Net profit attributable to owner’s of parent company | 689,179,364.60 | 784,228,178.43 |
| 2.Minority shareholders’ gains and losses | 10,547,499.74 | 19,499,934.72 |
| VI. Net after-tax of other comprehensive income | -2,823,615.00 | |
| Net after-tax of other comprehensive income attributable to owners of parent company | -2,823,615.00 | |
| (I) Other comprehensive income items which will not be reclassified subsequently to profit of loss | ||
| 1.Changes of the defined benefit plans that re-measured | ||
| 2.Other comprehensive income under equity method that cannot be transfer to gain/loss | ||
| 3.Change of fair value of investment in other equity instrument | ||
| 4.Fair value change of enterprise's credit risk | ||
| 5. Other | ||
| (II) Other comprehensive income items which will be reclassified subsequently to profit or loss | -2,823,615.00 | |
| 1.Other comprehensive income under equity method that can transfer to gain/loss | ||
| 2.Change of fair value of other debt investment | ||
| 3.gain/loss of fair value changes for available-for-sale financial assets | -2,823,615.00 |
| 4.Amount of financial assets re-classify to other comprehensive income | ||
| 5.Gain/loss of held-to-maturity investments that re-classify to available-for-sale financial asset | ||
| 6.Credit impairment provision for other debt investment | ||
| 7.Cash flow hedging reserve | ||
| 8.Translation differences arising on translation of foreign currency financial statements | ||
| 9.Other | ||
| Net after-tax of other comprehensive income attributable to minority shareholders | ||
| VII. Total comprehensive income | 699,726,864.34 | 800,904,498.15 |
| Total comprehensive income attributable to owners of parent Company | 689,179,364.60 | 781,404,563.43 |
| Total comprehensive income attributable to minority shareholders | 10,547,499.74 | 19,499,934.72 |
| VIII. Earnings per share: | ||
| (i) Basic earnings per share | 0.68 | 0.78 |
| (ii) Diluted earnings per share | 0.68 | 0.78 |
Enterprise combine under the same control in the Period, the combined party realized net profit of 0 Yuan before combination, andrealized 0 Yuan at last period for combined partyLegal Representative: Chen Xuejun Person in charge of accounting works: Ou JianbinPerson in charge of accounting institute: Ou Jianbin
4. Profit Statement of Parent Company
In RMB
| Items | Current Period | Last Period |
| I. Operating income | 1,122,808,498.34 | 1,134,852,459.84 |
| Less: Operating cost | 793,922,520.33 | 844,533,166.42 |
| Taxes and surcharge | 11,619,619.40 | 9,752,319.83 |
| Sales expenses | 6,247,098.90 | 7,595,353.42 |
| Administration expenses | 80,788,693.43 | 76,744,563.98 |
| R&D expenses | 41,370,653.59 | 33,785,591.68 |
| Financial expenses | -25,004,325.60 | 1,279,757.72 |
| Including: interest expenses | 2,304,661.14 | 1,448,269.43 |
| Interest income | 32,541,171.02 | 4,116,968.36 |
| Losses of devaluation of asset | -112,041.54 |
| Loss of credit impairment | 799,513.06 | |
| Add: other income | 5,670,885.85 | 5,916,558.08 |
| Investment income (Loss is listed with “-”) | 422,374,056.78 | 568,184,522.70 |
| Including: Investment income on affiliated Company and joint venture | 392,044,227.63 | 465,176,543.97 |
| Net exposure hedging income (Loss is listed with “-”) | ||
| Changing income of fair value(Loss is listed with “-”) | 50,999,148.00 | |
| Income on disposal of assets (Loss is listed with “-”) | 45,211.75 | 103,477.02 |
| II. Operating profit (Loss is listed with “-”) | 692,154,027.61 | 735,478,306.13 |
| Add: Non-operating income | 8,950.00 | 17,250.00 |
| Less: Non-operating expense | 8,439.26 | 204,017.14 |
| III. Total Profit (Loss is listed with “-”) | 692,154,538.35 | 735,291,538.99 |
| Less: Income tax | 49,932,260.51 | 40,018,156.02 |
| IV. Net profit (Net loss is listed with “-”) | 642,222,277.84 | 695,273,382.97 |
| (i)continuous operating net profit (net loss listed with ‘-”) | 642,222,277.84 | 695,273,382.97 |
| (ii) termination of net profit (net loss listed with ‘-”) | ||
| V. Net after-tax of other comprehensive income | -2,823,615.00 | |
| (I) Other comprehensive income items which will not be reclassified subsequently to profit of loss | ||
| 1.Changes of the defined benefit plans that re-measured | ||
| 2.Other comprehensive income under equity method that cannot be transfer to gain/loss | ||
| 3.Change of fair value of investment in other equity instrument | ||
| 4.Fair value change of enterprise's credit risk | ||
| 5. Other | ||
| (II) Other comprehensive income items which will be reclassified subsequently to profit or loss | -2,823,615.00 | |
| 1.Other comprehensive income under equity method that can transfer to gain/loss | ||
| 2.Change of fair value of other debt investment | ||
| 3.gain/loss of fair value changes for available-for-sale financial assets | -2,823,615.00 | |
| 4.Amount of financial assets re-classify to other comprehensive income | ||
| 5.Gain/loss of held-to-maturity investments that re-classify to available-for-sale financial asset |
| 6.Credit impairment provision for other debt investment | ||
| 7.Cash flow hedging reserve | ||
| 8.Translation differences arising on translation of foreign currency financial statements | ||
| 9.Other | ||
| VI. Total comprehensive income | 642,222,277.84 | 692,449,767.97 |
| VII. Earnings per share: | ||
| (i) Basic earnings per share | ||
| (ii) Diluted earnings per share |
5. Consolidated Cash Flow Statement
In RMB
| Items | Current Period | Last Period |
| I. Cash flows arising from operating activities: | ||
| Cash received from selling commodities and providing labor services | 1,753,285,131.27 | 2,229,870,777.53 |
| Net increase of customer deposit and interbank deposit | ||
| Net increase of loan from central bank | ||
| Net increase of capital borrowed from other financial institution | ||
| Cash received from original insurance contract fee | ||
| Net cash received from reinsurance business | ||
| Net increase of insured savings and investment | ||
| Net increase of amount from disposal financial assets that measured by fair value and with variation reckoned into current gains/losses | ||
| Cash received from interest, commission charge and commission | ||
| Net increase of capital borrowed | ||
| Net increase of returned business capital | ||
| Net cash received by agents in sale and purchase of securities | ||
| Write-back of tax received | 12,709,755.40 | 15,624,865.23 |
| Other cash received concerning operating activities | 44,905,581.72 | 5,834,119.83 |
| Subtotal of cash inflow arising from operating activities | 1,810,900,468.39 | 2,251,329,762.59 |
| Cash paid for purchasing commodities and receiving labor service | 1,101,665,565.51 | 1,618,207,541.31 |
| Net increase of customer loans and advances | ||
| Net increase of deposits in central bank and interbank | ||
| Cash paid for original insurance contract compensation | ||
| Net increase of financial assets held for transaction purposes | ||
| Net increase of capital lent | ||
| Cash paid for interest, commission charge and commission | ||
| Cash paid for bonus of guarantee slip | ||
| Cash paid to/for staff and workers | 336,754,911.79 | 344,325,314.81 |
| Taxes paid | 112,637,267.48 | 107,621,270.28 |
| Other cash paid concerning operating activities | 114,433,072.15 | 94,758,931.08 |
| Subtotal of cash outflow arising from operating activities | 1,665,490,816.93 | 2,164,913,057.48 |
| Net cash flows arising from operating activities | 145,409,651.46 | 86,416,705.11 |
| II. Cash flows arising from investing activities: | ||
| Cash received from recovering investment | 1,483,000,000.00 | 2,845,527,612.00 |
| Cash received from investment income | 30,329,829.15 | 103,007,978.73 |
| Net cash received from disposal of fixed, intangible and other long-term assets | 68,596,607.33 | 452,562.97 |
| Net cash received from disposal of subsidiaries and other units | ||
| Other cash received concerning investing activities | ||
| Subtotal of cash inflow from investing activities | 1,581,926,436.48 | 2,948,988,153.70 |
| Cash paid for purchasing fixed, intangible and other long-term assets | 98,025,965.78 | 171,913,851.27 |
| Cash paid for investment | 1,378,800,000.00 | 4,520,570,000.00 |
| Net increase of mortgaged loans | ||
| Net cash received from subsidiaries and other units obtained | ||
| Other cash paid concerning investing activities | 24,000,000.00 | |
| Subtotal of cash outflow from investing activities | 1,500,825,965.78 | 4,692,483,851.27 |
| Net cash flows arising from investing activities | 81,100,470.70 | -1,743,495,697.57 |
| III. Cash flows arising from financing activities | ||
| Cash received from absorbing investment | ||
| Including: Cash received from absorbing minority shareholders’ investment by subsidiaries | ||
| Cash received from loans | 219,585,661.41 | 190,000,000.00 |
| Cash received from issuing bonds | ||
| Other cash received concerning financing activities | 5,470,000.00 |
| Subtotal of cash inflow from financing activities | 219,585,661.41 | 195,470,000.00 |
| Cash paid for settling debts | 92,597,670.02 | 111,000,000.00 |
| Cash paid for dividend and profit distributing or interest paying | 4,896,490.31 | 3,441,771.85 |
| Including: Dividend and profit of minority shareholder paid by subsidiaries | ||
| Other cash paid concerning financing activities | ||
| Subtotal of cash outflow from financing activities | 97,494,160.33 | 114,441,771.85 |
| Net cash flows arising from financing activities | 122,091,501.08 | 81,028,228.15 |
| IV. Influence on cash and cash equivalents due to fluctuation in exchange rate | 6,786,854.68 | -3,245,235.97 |
| V. Net increase of cash and cash equivalents | 355,388,477.92 | -1,579,296,000.28 |
| Add: Balance of cash and cash equivalents at the period -begin | 2,404,674,139.49 | 2,948,439,354.22 |
| VI. Balance of cash and cash equivalents at the period -end | 2,760,062,617.41 | 1,369,143,353.94 |
6. Cash Flow Statement of Parent Company
In RMB
| Items | Current Period | Last Period |
| I. Cash flows arising from operating activities: | ||
| Cash received from selling commodities and providing labor services | 1,000,075,407.06 | 1,528,777,082.09 |
| Write-back of tax received | ||
| Other cash received concerning operating activities | 32,541,171.02 | 3,977,167.24 |
| Subtotal of cash inflow arising from operating activities | 1,032,616,578.08 | 1,532,754,249.33 |
| Cash paid for purchasing commodities and receiving labor service | 604,233,339.39 | 996,921,619.99 |
| Cash paid to/for staff and workers | 177,071,354.06 | 182,998,814.26 |
| Taxes paid | 79,403,936.58 | 64,131,520.72 |
| Other cash paid concerning operating activities | 35,012,504.04 | 99,593,806.29 |
| Subtotal of cash outflow arising from operating activities | 895,721,134.07 | 1,343,645,761.26 |
| Net cash flows arising from operating activities | 136,895,444.01 | 189,108,488.07 |
| II. Cash flows arising from investing activities: | ||
| Cash received from recovering investment | 1,358,000,000.00 | 2,764,477,612.00 |
| Cash received from investment income | 30,329,829.15 | 103,007,978.73 |
| Net cash received from disposal of fixed, intangible and other | 336,346.85 | 183,880.00 |
| long-term assets | ||
| Net cash received from disposal of subsidiaries and other units | ||
| Other cash received concerning investing activities | 30,553,289.34 | |
| Subtotal of cash inflow from investing activities | 1,419,219,465.34 | 2,867,669,470.73 |
| Cash paid for purchasing fixed, intangible and other long-term assets | 54,361,369.31 | 61,844,819.06 |
| Cash paid for investment | 1,078,800,000.00 | 4,225,570,000.00 |
| Net cash received from subsidiaries and other units obtained | ||
| Other cash paid concerning investing activities | 50,880,372.33 | 130,000,000.00 |
| Subtotal of cash outflow from investing activities | 1,184,041,741.64 | 4,417,414,819.06 |
| Net cash flows arising from investing activities | 235,177,723.70 | -1,549,745,348.33 |
| III. Cash flows arising from financing activities | ||
| Cash received from absorbing investment | ||
| Cash received from loans | 100,000,000.00 | 100,000,000.00 |
| Cash received from issuing bonds | ||
| Other cash received concerning financing activities | ||
| Subtotal of cash inflow from financing activities | 100,000,000.00 | 100,000,000.00 |
| Cash paid for settling debts | 5,000,000.00 | |
| Cash paid for dividend and profit distributing or interest paying | 2,171,500.02 | 1,229,226.10 |
| Other cash paid concerning financing activities | ||
| Subtotal of cash outflow from financing activities | 2,171,500.02 | 6,229,226.10 |
| Net cash flows arising from financing activities | 97,828,499.98 | 93,770,773.90 |
| IV. Influence on cash and cash equivalents due to fluctuation in exchange rate | 6,556,084.25 | -3,245,235.97 |
| V. Net increase of cash and cash equivalents | 476,457,751.94 | -1,270,111,322.33 |
| Add: Balance of cash and cash equivalents at the period -begin | 1,920,076,358.43 | 2,454,696,969.20 |
| VI. Balance of cash and cash equivalents at the period -end | 2,396,534,110.37 | 1,184,585,646.87 |
II. Explanation on financial statement adjustment
1. Financial statement adjustment at the beginning of the first year when implementation of new financialinstrument rules, new revenue rules and new leasing rules
√ Applicable □Not applicableConsolidate balance sheet
In RMB
| Items | 2018-12-31 | 2019-1-1 | Adjustment |
| Current assets: | |||
| Monetary fund | 2,616,321,740.73 | 2,616,321,740.73 | |
| Transactional financial assets | Not applicable | 4,740,773,607.43 | 4,740,773,607.43 |
| Note receivable and account receivable | 3,067,900,870.59 | 3,067,900,870.59 | |
| Including: Notes receivable | 1,148,107,603.68 | 1,148,107,603.68 | |
| Accounts receivable | 1,919,793,266.91 | 1,919,793,266.91 | |
| Account paid in advance | 94,651,431.31 | 94,651,431.31 | |
| Other account receivable | 84,582,246.16 | 84,582,246.16 | |
| Including: Interest receivable | 1,842,437.50 | 1,842,437.50 | |
| Inventories | 1,438,528,714.59 | 1,438,528,714.59 | |
| Other current assets | 4,632,137,600.26 | 60,250,896.83 | -4,571,886,703.43 |
| Total current assets | 11,934,122,603.64 | 12,103,009,507.64 | 168,886,904.00 |
| Non-current assets: | |||
| Available-for-sale financial assets | 255,975,176.91 | Not applicable | -255,975,176.91 |
| Long-term equity investments | 4,976,773,946.74 | 4,976,773,946.74 | |
| Other equity instruments investments | Not applicable | 87,088,272.91 | 87,088,272.91 |
| Investment real estate | 21,906,134.52 | 21,906,134.52 | |
| Fixed assets | 2,707,374,678.61 | 2,707,374,678.61 | |
| Construction in progress | 166,414,542.18 | 166,414,542.18 | |
| Intangible assets | 324,892,822.75 | 324,892,822.75 | |
| Goodwill | 1,784,086.79 | 1,784,086.79 | |
| Long-term deferred expenses | 16,637,652.31 | 16,637,652.31 | |
| Deferred income tax assets | 234,697,139.58 | 234,697,139.58 | |
| Other non-current assets | 251,462,676.27 | 251,462,676.27 | |
| Total non-current assets | 8,957,918,856.66 | 8,789,031,952.66 | -168,886,904.00 |
| Total assets | 20,892,041,460.30 | 20,892,041,460.30 | |
| Current liabilities | |||
| Short-term borrowings | 298,928,213.94 | 298,928,213.94 |
| Transactional financial liability | 490,329.13 | 490,329.13 | |
| Notes payable & account payable | 3,065,704,368.40 | 3,065,704,368.40 | |
| Accounts received in advance | 41,329,857.80 | 41,329,857.80 | |
| Wage payable | 312,113,178.24 | 312,113,178.24 | |
| Taxes payable | 74,271,613.92 | 74,271,613.92 | |
| Other accounts payable | 64,448,723.52 | 64,448,723.52 | |
| Including: Interest payable | 517,469.08 | 517,469.08 | |
| Non-current liabilities due within one year | 15,000,000.00 | 15,000,000.00 | |
| Other current liabilities | |||
| Total current liabilities | 3,872,286,284.95 | 3,872,286,284.95 | |
| Non-current liabilities: | |||
| Long-term loans | 30,000,000.00 | 30,000,000.00 | |
| Long-term account payable | 110,101,529.47 | 110,101,529.47 | |
| Deferred income | 425,769,854.13 | 425,769,854.13 | |
| Deferred income tax liabilities | 1,912,744.40 | 1,912,744.40 | |
| Total non-current liabilities | 567,784,128.00 | 567,784,128.00 | |
| Total liabilities | 4,440,070,412.95 | 4,440,070,412.95 | |
| Owners’ equity: | |||
| Share capital | 1,008,950,570.00 | 1,008,950,570.00 | |
| Capital public reserve | 3,416,022,795.14 | 3,416,022,795.14 | |
| Special reserve | 1,618,490.50 | 1,618,490.50 | |
| Other comprehensive income | -19,809,442.95 | 19,809,442.95 | |
| Surplus public reserve | 510,100,496.00 | 510,100,496.00 | |
| Retained profit | 10,996,945,870.13 | 10,977,136,427.18 | -19,809,442.95 |
| Total owner’s equity attributable to parent company | 15,913,828,778.82 | 15,913,828,778.82 | |
| Minority interests | 538,142,268.53 | 538,142,268.53 | |
| Total owner’s equity | 16,451,971,047.35 | 16,451,971,047.35 | |
| Total liabilities and owner’s equity | 20,892,041,460.30 | 20,892,041,460.30 |
Statement of adjustmentIn 2017, the Ministry of Finance revised and issued the “Accounting Standard for Business Enterprise No.22- Recognition offinancial instrument and measurement”, “Accounting Standard for Business Enterprise No.23- Transfer of Financial assets”,“Accounting Standard for Business Enterprise No.24- Hedge Accounting” and “Accounting Standard for Business Enterprise No.37-Presentation of financial instruments”, and the enterprises listed in China are required to implementing relevant accounting rules ofnew financial instruments since 1 Jan. 2019. In accordance with the requirement, the Company will carry out above mentioned fouraccounting rules since 1 Jan. 2019.(1) Add item of “Transactional financial assets”, parts of the original “Other current assets” and ‘Financial assets available for sale”
are re-classified for presenting.(2) Add item of “Other instrument equity investment”, parts of the original “Financial assets available for sale” are re-classified forpresenting.(3) Re-classified ‘Other comprehensive income” to “Retained profit”Balance Sheet of Parent Company
In RMB
| Item | 2018-12-31 | 2019-1-1 | Adjustment |
| Current assets: | |||
| Monetary fund | 1,922,408,227.00 | 1,922,408,227.00 | |
| Transactional financial assets | Not applicable | 4,740,773,607.43 | 4,740,773,607.43 |
| Note receivable and account receivable | 1,006,511,198.29 | 1,006,511,198.29 | |
| Including: Notes receivable | 264,264,207.30 | 264,264,207.30 | |
| Accounts receivable | 742,246,990.99 | 742,246,990.99 | |
| Account paid in advance | 59,028,927.25 | 59,028,927.25 | |
| Other account receivable | 196,849,092.13 | 196,849,092.13 | |
| Including: Interest receivable | 188,682.78 | 188,682.78 | |
| Inventories | 492,054,274.67 | 492,054,274.67 | |
| Other current assets | 4,576,688,553.49 | 4,801,850.06 | -4,571,886,703.43 |
| Total current assets | 8,253,540,272.83 | 8,422,427,176.83 | 168,886,904.00 |
| Non-current assets: | |||
| Available-for-sale financial assets | 180,035,176.91 | Not applicable | -180,035,176.91 |
| Long-term equity investments | 5,739,110,426.55 | 5,739,110,426.55 | |
| Other equity instruments investments | Not applicable | 11,148,272.91 | 11,148,272.91 |
| Fixed assets | 1,534,109,106.80 | 1,534,109,106.80 | |
| Construction in progress | 78,673,300.59 | 78,673,300.59 | |
| Intangible assets | 188,101,655.94 | 188,101,655.94 | |
| Deferred income tax assets | 140,286,756.70 | 140,286,756.70 | |
| other non-current assets | 184,208,090.40 | 184,208,090.40 | |
| Total non-current assets | 8,044,524,513.89 | 7,875,637,609.89 | -168,886,904.00 |
| Total assets | 16,298,064,786.72 | 16,298,064,786.72 | |
| Current liabilities | |||
| Short-term borrowings | 112,000,000.00 | 112,000,000.00 | |
| Notes payable & account payable | 1,154,238,521.88 | 1,154,238,521.88 | |
| Accounts received in advance | 6,639,554.63 | 6,639,554.63 | |
| Wage payable | 200,205,508.25 | 200,205,508.25 |
| Taxes payable | 39,193,425.15 | 39,193,425.15 | |
| Other accounts payable | 12,142,596.68 | 12,142,596.68 | |
| Including: Interest payable | 149,966.66 | 149,966.66 | |
| Total current liabilities | 1,524,419,606.59 | 1,524,419,606.59 | |
| Non-current liabilities: | |||
| Long-term accounts payable | 63,962,762.93 | 63,962,762.93 | |
| Deferred income | 381,609,056.40 | 381,609,056.40 | |
| Total non-current liabilities | 445,571,819.33 | 445,571,819.33 | |
| Total liabilities | 1,969,991,425.92 | 1,969,991,425.92 | |
| Owners’ equity: | |||
| Share capital | 1,008,950,570.00 | 1,008,950,570.00 | |
| Capital public reserve | 3,488,221,286.39 | 3,488,221,286.39 | |
| Other comprehensive income | -19,809,442.95 | 19,809,442.95 | |
| Surplus reserve | 510,100,496.00 | 510,100,496.00 | |
| Retained profit | 9,340,610,451.36 | 9,320,801,008.41 | -19,809,442.95 |
| Total owner’s equity | 14,328,073,360.80 | 14,328,073,360.80 | |
| Total liabilities and owner’s equity | 16,298,064,786.72 | 16,298,064,786.72 |
Statement of adjustmentIn 2017, the Ministry of Finance revised and issued the “Accounting Standard for Business Enterprise No.22- Recognition offinancial instrument and measurement”, “Accounting Standard for Business Enterprise No.23- Transfer of Financial assets”,“Accounting Standard for Business Enterprise No.24- Hedge Accounting” and “Accounting Standard for Business Enterprise No.37-Presentation of financial instruments”, and the enterprises listed in China are required to implementing relevant accounting rules ofnew financial instruments since 1 Jan. 2019. In accordance with the requirement, the Company will carry out above mentioned fouraccounting rules since 1 Jan. 2019.(1) Add item of “Transactional financial assets”, parts of the original “Other current assets” and ‘Financial assets available for sale”are re-classified for presenting.(2) Add item of “Other instrument equity investment”, parts of the original “Financial assets available for sale” are re-classified forpresenting.(3) Re-classified ‘Other comprehensive income” to “Retained profit”
2. Retrospective adjustment of the comparative data for initial implementation of new financial instrumentrules and new leasing rules
□Applicable √Not applicable
III. Audit report
Whether the 1
st
quarterly report has been audited or not□Yes √ NoThe 1
st
quarterly report of the Company was unaudited
Board of Director ofWeifu High-Technology Group Co., Ltd
Chairman: ________Chen Xuejun29 April 2019