Stock Code: 603609 Stock Abbreviation (English): Wellhope
Liaoning Wellhope Agri-Tech Joint Stock Co., Ltd.
2019 Third Quarter Report
Contents
Section I Important Statements ...... 3
Section II Company Information ...... 4
Section III Important Disclosures ...... 8
Section IV Appendix ...... 10
Section I Important StatementsI. The Board of Directors, Supervisory Board, Directors, Supervisors and SeniorManagement of Liaoning Wellhope hereby warrant that there are no false representations,misleading statements or material omissions in this third quarter report, jointly andseverally accept full responsibility for the truthfulness, accuracy and completeness of thecontents of this report.II. All the Board Directors attended the board meeting to deliberate the third quarterreport.III. The Company's Chairman Jin Weidong and the Director of internal audit ZhangWenliang warrant the truthfulness, accuracy and completeness of the informationpresented in the financial statements in this quarterly report.IV. The third quarter report is unaudited.V. This third quarter report has been issued in both Chinese and English versions. In casethere is any discrepancy or inconsistency between the two versions, the Chinese versionshall prevail. The disclosed Chinese version of 2019 Third Quarter Report can be obtainedat: www.sse.com.cn.
Section II Company InformationI. Key financial figures
Unit: yuan Currency: RMB
Item | September 30th, 2019 | December 31st, 2018 | Change compared with the end of prior year % |
Total assets | 8,829,221,113.87 | 6,930,694,562.43 | 27.39 |
Net assets attributable to the shareholders of the Company | 5,205,327,776.91 | 3,851,915,758.64 | 35.14 |
Item | January-September, 2019 | January-September, 2018 | Year-on-year change % |
Net cash flow from operating activities | 582,911,553.62 | 278,295,703.02 | 109.46 |
Item | January-September, 2019 | January-September, 2018 | Year-on-year change % |
Operating revenue | 12,743,225,876.96 | 11,479,083,463.30 | 11.01 |
Net profit attributable to the shareholders of the Company | 713,087,990.71 | 405,271,572.95 | 75.95 |
Net profit attributable to the shareholders of the Company deducting non-recurring gains and losses | 704,761,464.34 | 398,265,406.12 | 76.96 |
Weighted average return on equity % | 15.57 | 11.43 | Increasing 4.14 percentage points |
Basic earnings per share (yuan per share) | 0.80 | 0.49 | 63.27 |
Diluted earnings per share (yuan per share) | 0.80 | 0.49 | 63.27 |
Non-recurring gains and losses
Unit: yuan Currency: RMB
Item | July-September, 2019 | January-September, 2019 |
Gains or losses on disposal of non-current assets | 3,768,699.05 | -363,117.50 |
Government grants charged to current gains or losses (excl. the government grants that are closely related to the Company's ordinary course of business and gained constantly at fixed quotas or amounts as per certain standards based on the state polices) | 3,547,059.43 | 19,792,699.84 |
Gains or losses on fair value changes in holding the trading financial assets and liabilities as well as derivative financial assets and liabilities, and investment income from disposal of trading financial assets and liabilities, derivative financial assets and liabilities as well as other debt investment (excl. the effective portion of hedges that arise in the Company's ordinary course of business) | 2,577,987.76 | 2,093,791.87 |
Non-operating income and expense other than those described above | -951,757.29 | -13,425,746.89 |
Non-controlling interests effects (after-tax) | 327,744.32 | 4,599,140.37 |
Income tax effects | -1,655,046.60 | -4,370,241.32 |
Total | 7,614,686.67 | 8,326,526.37 |
II. The number of shareholders, top ten shareholders and top ten shareholders holdingunrestricted shares as at the end of the reporting period
Unit: share
The number of shareholders | 26,513 | ||||||
Shareholding of top ten shareholders | |||||||
Name of shareholder | Total shares held at the period-end | % | Restricted shares held | Pledged or Frozen | Nature of shareholder | ||
Status | Shares | ||||||
Jin Weidong | 149,549,498 | 16.21 | 3,062,117 | Pledged | 56,270,000 | Domestic natural person | |
DE HEUS MAURITIUS | 82,303,939 | 8.92 | 2,296,587 | Non | Foreign corporation | ||
Ding Yunfeng | 81,929,558 | 8.88 | 1,531,058 | Pledged | 49,450,000 | Domestic natural person | |
Shao Caimei | 54,559,878 | 5.92 | Pledged | 16,900,000 | Domestic natural person | ||
Wang Fengjiu | 50,084,602 | 5.43 | Pledged | 10,260,000 | Domestic natural person | ||
Zhang Tiesheng | 48,360,000 | 5.24 | Pledged | 6,600,000 | Domestic natural person | ||
Shenyang Wellhope Heli Investment Co., Ltd. | 48,360,000 | 5.24 | Non | Domestic corporation | |||
Wang Zhongtao | 47,916,529 | 5.20 | 765,529 | Pledged | 8,140,000 | Domestic natural person | |
Sinosafe Assets Management- Industrial and Commercial Bank of China-Sinosafe Assets Management Stably Increasing Profit No. 12 Collection Asset Management Product | 29,527,559 | 3.20 | 29,527,559 | Unknown | Other | ||
Generali China Asset Management- China Minsheng Banking Corp- Generali China Asset-Non-public Offering Selection No. 103 Asset Management Product | 19,685,039 | 2.13 | 19,685,039 | Unknown | Other |
Top ten shareholders holding unrestricted shares | |||
Name of shareholder | Unrestricted shares held | Shares by type | |
Type | Shares | ||
Jin Weidong | 146,487,381 | RMB common stock | 146,487,381 |
Ding Yunfeng | 80,398,500 | RMB common stock | 80,398,500 |
DE HEUS MAURITIUS | 80,007,352 | RMB common stock | 80,007,352 |
Shao Caimei | 54,559,878 | RMB common stock | 54,559,878 |
Wang Fengjiu | 50,084,602 | RMB common stock | 50,084,602 |
Zhang Tiesheng | 48,360,000 | RMB common stock | 48,360,000 |
Shenyang Wellhope Heli Investment Co., Ltd. | 48,360,000 | RMB common stock | 48,360,000 |
Wang Zhongtao | 47,151,000 | RMB common stock | 47,151,000 |
National Council for Social Security Fund China 503 Portfolio | 12,000,000 | RMB common stock | 12,000,000 |
Gao Junsong | 10,343,772 | RMB common stock | 10,343,772 |
Relationship of above shareholders or statement made by the parties acting in concert | 1. Jin Weidong, Ding Yunfeng, Wang Fengjiu, Shao Caimei and Wang Zhongtao act in concert; 2. Jin Weidong is the actual controller of Shenyang Wellhope Heli Investment Co., Ltd. 3. No relation or concerted action is found among other shareholders. |
Section III Important DisclosuresI. Changes of major items in the financial statements
Item | September 30th, 2019 | January 1st, 2019 | Change | Explanation |
Monetary capital | 1,609,685,128.42 | 928,902,753.06 | 73.29% | Cash received from non-public issuing stock |
Derivative financial assets | 4,890,492.40 | 2,042,527.60 | 139.43% | The position of derivative financial assets increased |
Notes receivable | 2,122,085.80 | 13,611,778.44 | -84.41% | Honor of notes and letter of credit decreased |
Accounts receivable | 722,385,769.25 | 397,891,678.23 | 81.55% | Newly increased accounts receivable during the settlement period |
Prepayments | 263,533,919.32 | 185,899,348.53 | 41.76% | Prepayment for raw materials increased |
Other equity instrument investment | 4,547,809.52 | 3,197,809.52 | 42.22% | Newly increased other equity instrument investment in the current period |
Construction in progress | 170,941,517.37 | 255,719,188.30 | -33.15% | Completed constructions that transferred to fixed assets decreased |
Other non-current assets | 437,311,341.21 | 197,497,688.18 | 121.43% | Advance payment for long-lived assets and fees to farms increased |
Productive biological assets | 59,836,261.46 | 30,484,794.88 | 96.28% | Breeding broilers and pigs increased |
Accounts payable | 811,158,972.23 | 572,729,779.31 | 41.63% | Accounts payable related to commodities purchasing and expenses increased |
Tax payable | 37,842,143.05 | 28,744,792.72 | 31.65% | Corporate income tax payable increased |
Non-current liabilities due within one year | 52,987,170.91 | 32,999,999.96 | 60.57% | Long-term borrowings and long-term payables due within one year increased |
Long-term borrowings | 42,500,000.00 | 118,500,000.00 | -64.14% | Long-term borrowings from bank decreased |
Long-term payables | 14,994,779.23 | 23,345,833.38 | -35.77% | The reclassification of long-term payables due within one year decreased |
Capital reserve | 874,272,800.08 | 153,824,536.37 | 468.36% | Premium generated by non-public issuing stock |
Other comprehensive income | 8,020,686.13 | -1,798,486.75 | Not Applicable | Exchange differences on translation of foreign currency financial statements that calculated under equity method increased |
Item | January-September, 2019 | January-September, 2018 | Change | Explanation |
Other income | 4,389,415.74 | 2,201,587.35 | 99.38% | The government grants that are closely related to the Company's ordinary course of business increased |
Income from investment | 346,071,893.42 | 197,988,419.80 | 74.79% | Income from investments in associated companies and joint ventures increased |
Gain or loss from changes in fair value | -874,910.00 | 926,860.00 | -194.40% | Floating gain or loss of futures decreased |
Assets impairment loss | -5,409,240.15 | -8,514,579.41 | Not Applicable | Withdrawing of provision for obsolete stock increased |
Gain or loss from assets disposal | -566,068.09 | -862,349.93 | Not Applicable | Gain or loss from fixed assets disposal increased |
Non-operating income | 18,299,191.94 | 10,690,785.47 | 71.17% | The government grants increased |
Non-operating expenditure | 20,913,066.65 | 5,603,955.67 | 273.18% | Extraordinary loss increased |
Net cash flow from operating activities | 582,911,553.62 | 278,295,703.02 | 109.46% | Cash received from selling commodities and providing labor services increased |
Net cash flow from investing activities | -549,750,402.35 | -382,923,285.99 | Not Applicable | Cash paid for asset acquisition increased |
Net cash flow from financing activities | 616,139,019.52 | -85,032,946.74 | Not Applicable | Cash received from non-public issuing stock in the current year |
II. Net profit in 2019 is estimated to change significantly compared with the same
period of prior yearIt is anticipated that the white feather broiler market in the fourth quarter will maintain ahigh prosperity, the Company's production scale of broiler raising and slaughtering will befurther expanded. It is estimated that the net profit attributable to the shareholders ofthe Company in 2019 will increase substantially compared with the same period of prioryear. The actual financial data shall be subject to the Company's 2019 annual report andother announcements.
Company | Liaoning Wellhope Agri-Tech Joint Stock Co., Ltd. |
Legal representative | Jin Weidong |
Date | October 25th, 2019 |
Section IV AppendixI. Financial statement
Consolidated Balance Sheet
September 30th, 2019Liaoning Wellhope Unit: yuan
Item | September 30th, 2019 | December 31st, 2018 |
Current assets: | ||
Monetary capital | 1,609,685,128.42 | 928,902,753.06 |
Derivative financial assets | 4,890,492.40 | 2,042,527.60 |
Notes receivable | 2,122,085.80 | 13,611,778.44 |
Accounts receivable | 722,385,769.25 | 397,891,678.23 |
Prepayments | 263,533,919.32 | 185,899,348.53 |
Other receivables | 111,108,994.19 | 98,997,213.04 |
including: Interest receivable | ||
Dividends receivable | 21,741,783.34 | 5,481,783.34 |
Inventory | 1,330,584,026.65 | 1,410,869,192.26 |
Other current assets | 120,994,671.19 | 118,636,045.77 |
Total current assets | 4,165,305,087.22 | 3,156,850,536.93 |
Non-current assets: | ||
Available-for-sale financial assets | 3,680,000.00 | |
Long-term equity investment | 1,720,384,804.80 | 1,354,820,455.99 |
Other equity instrument investment | 4,547,809.52 | |
Fixed assets | 1,874,785,547.90 | 1,516,702,438.29 |
Construction in progress | 170,941,517.37 | 255,719,188.30 |
Productive biological assets | 59,836,261.46 | 30,484,794.88 |
Intangible assets | 213,075,369.97 | 206,387,940.29 |
Goodwill | 290,425.67 | 290,425.67 |
Long-term prepaid expenses | 154,154,013.17 | 177,903,367.82 |
Deferred income tax assets | 28,588,935.58 | 30,357,726.08 |
Other non-current assets | 437,311,341.21 | 197,497,688.18 |
Total non-current assets | 4,663,916,026.65 | 3,773,844,025.50 |
Total assets | 8,829,221,113.87 | 6,930,694,562.43 |
Current liabilities: | ||
Short-term borrowings | 1,411,012,465.70 | 1,347,690,168.49 |
Accounts payable | 811,158,972.23 | 572,729,779.31 |
Advance receipt | 201,234,394.23 | 161,173,916.67 |
Payroll payable | 44,193,611.42 | 49,731,930.35 |
Tax payable | 37,842,143.05 | 28,744,792.72 |
Other payables | 365,417,736.77 | 309,537,195.12 |
including: Interest payable | 1,312,168.75 | 1,784,257.05 |
Dividends payable | 1,434,027.14 | 526,000.00 |
Non-current liabilities due within one year | 52,987,170.91 | 32,999,999.96 |
Total current liabilities | 2,923,846,494.31 | 2,502,607,782.62 |
Non-current liabilities: | ||
Long-term borrowings | 42,500,000.00 | 118,500,000.00 |
Long-term payable | 14,994,779.23 | 23,345,833.38 |
Deferred income | 21,027,395.00 | 20,252,967.41 |
Total non-current liabilities | 78,522,174.23 | 162,098,800.79 |
Total liabilities | 3,002,368,668.54 | 2,664,706,583.41 |
Owners' equity(or shareholders' equity): | ||
Paid-up capital (or share capital) | 922,304,396.00 | 845,751,469.00 |
Capital reserve | 874,272,800.08 | 153,824,536.37 |
deduct: treasury stock | 70,688,750.00 | 70,688,750.00 |
Other comprehensive income | 8,020,686.13 | -1,316,942.00 |
Surplus reserves | 272,882,920.19 | 272,882,920.19 |
Undistributed profits | 3,198,535,724.51 | 2,651,462,525.08 |
Total equity attributable to the owners of parent company | 5,205,327,776.91 | 3,851,915,758.64 |
Non-controlling interests | 621,524,668.42 | 414,072,220.38 |
Total owners' equity (or shareholders' equity) | 5,826,852,445.33 | 4,265,987,979.02 |
Total liabilities and owners' equity (or shareholders' equity) | 8,829,221,113.87 | 6,930,694,562.43 |
Consolidated Balance Sheet of Parent Company
September 30th, 2019Unit: yuan
Item | September 30th, 2019 | December 31st, 2018 |
Current assets: | ||
Monetary capital | 1,144,744,432.03 | 750,589,871.09 |
Derivative financial assets | 3,363,265.40 | 2,042,527.60 |
Accounts receivable | 31,973,440.68 | 16,033,809.05 |
Prepayments | 1,831,374.99 | 2,278,798.85 |
Other receivables | 1,484,068,536.13 | 869,671,230.01 |
including: Interest receivable | ||
Dividends receivable | 30,365,270.58 | 15,225,270.58 |
Inventory | 29,524,950.94 | 41,986,504.36 |
Total current assets | 2,695,506,000.17 | 1,682,602,740.96 |
Non-current assets: | ||
Available-for-sale financial assets | 3,000,000.00 | |
Long-term equity investment | 3,759,934,279.54 | 3,285,783,087.96 |
Other equity instrument investment | 4,039,369.92 | |
Fixed assets | 134,591,950.20 | 73,509,615.43 |
Construction in progress | 1,095,059.48 | 56,425,656.79 |
Intangible assets | 15,642,535.81 | 16,169,866.87 |
Long-term prepaid expenses | 751,060.43 | 854,845.30 |
Deferred income tax assets | 9,578,983.89 | 9,060,127.91 |
Total non-current assets | 3,925,633,239.27 | 3,444,803,200.26 |
Total assets | 6,621,139,239.44 | 5,127,405,941.22 |
Current liabilities: | ||
Short-term borrowings | 1,070,000,000.00 | 1,075,000,000.00 |
Accounts payable | 36,245,770.92 | 7,636,692.77 |
Advance receipt | 1,027,833.81 | 2,690,153.80 |
Payroll payable | 1,651,664.39 | 2,749,116.65 |
Tax payable | 3,642,935.49 | 4,166,334.74 |
Other payables | 1,472,570,828.20 | 1,026,382,418.43 |
including: Interest payable | 1,312,168.75 | 1,601,798.61 |
Dividends payable | ||
Non-current liabilities due within one year | 34,000,000.00 | 20,000,000.00 |
Total current liabilities | 2,619,139,032.81 | 2,138,624,716.39 |
Non-current liabilities: | ||
Long-term borrowings | 42,000,000.00 | 118,000,000.00 |
Deferred income | 10,015,625.00 | 7,425,000.00 |
Deferred income tax liabilities | 94,650.00 | |
Total non-current liabilities | 52,110,275.00 | 125,425,000.00 |
Total liabilities | 2,671,249,307.81 | 2,264,049,716.39 |
Owners' equity(or shareholders' equity): | ||
Paid-up capital (or share capital) | 922,304,396.00 | 845,751,469.00 |
Capital reserves | 870,289,578.29 | 160,705,065.92 |
deduct: treasury stock | 70,688,750.00 | 70,688,750.00 |
Other comprehensive income | 7,216,008.84 | -1,305,935.62 |
Surplus reserves | 272,882,920.19 | 272,882,920.19 |
Undistributed profits | 1,947,885,778.31 | 1,656,011,455.34 |
Total owners' equity (or shareholders' equity) | 3,949,889,931.63 | 2,863,356,224.83 |
Total liabilities and owners' equity (or shareholders' equity) | 6,621,139,239.44 | 5,127,405,941.22 |
Consolidated Income StatementJanuary-September, 2019Liaoning Wellhope Unit: yuan
Item | July-September, 2019 | July-September, 2018 | January-September, 2019 | January-September, 2018 |
1. Total operating revenue | 5,015,825,872.21 | 4,628,867,760.81 | 12,743,225,876.96 | 11,479,083,463.30 |
including: Operating revenue | 5,015,825,872.21 | 4,628,867,760.81 | 12,743,225,876.96 | 11,479,083,463.30 |
2. Total operating costs | 4,690,833,834.78 | 4,432,517,695.01 | 12,126,002,964.90 | 11,118,921,432.10 |
including: Operating costs | 4,433,516,820.01 | 4,212,766,453.17 | 11,419,337,434.95 | 10,510,246,761.25 |
Taxes and surtaxes | 6,525,828.70 | 6,081,909.91 | 19,224,556.04 | 17,841,100.95 |
Selling expenses | 149,408,169.31 | 118,948,537.14 | 389,398,894.38 | 329,650,050.81 |
Administrative expenses | 64,201,377.00 | 52,225,577.05 | 191,117,342.17 | 155,830,999.54 |
R&D expenses | 17,202,763.02 | 16,452,748.36 | 47,224,108.89 | 46,224,588.44 |
Financial expenses | 19,978,876.74 | 26,042,469.38 | 59,700,628.47 | 59,127,931.11 |
including: Interest expenses | 19,456,681.91 | 17,684,031.56 | 59,668,390.61 | 54,233,446.14 |
Interest income | -3,115,573.29 | -979,741.56 | -5,756,801.45 | -3,881,601.66 |
add: Other income | 2,196,465.64 | 1,716,287.35 | 4,389,415.74 | 2,201,587.35 |
Income from investment | 158,004,862.27 | 105,248,253.41 | 346,071,893.42 | 197,988,419.80 |
including: Income from investments in associated companies and joint ventures | 151,912,887.19 | 104,370,812.63 | 338,108,829.04 | 193,521,407.95 |
Gain or loss from changes in fair value | -705,710.00 | 91,400.00 | -874,910.00 | 926,860.00 |
Credit impairment loss | -9,144,048.97 | -14,437,412.66 | -27,678,451.02 | -39,469,148.47 |
Assets impairment loss | -5,140,167.72 | 2,176,821.66 | -5,409,240.15 | -8,514,579.41 |
Gain or loss from assets disposal | -520,708.86 | -23,354.80 | -566,068.09 | -862,349.93 |
3. Operating profit | 469,682,729.79 | 291,122,060.76 | 933,155,551.96 | 512,432,820.54 |
add: Non-operating income | 2,484,261.96 | 2,125,220.64 | 18,299,191.94 | 10,690,785.47 |
deduct: Non-operating expenditure | 2,590,380.06 | 1,309,545.58 | 20,913,066.65 | 5,603,955.67 |
4. Pretax profit | 469,576,611.69 | 291,937,735.82 | 930,541,677.25 | 517,519,650.34 |
deduct: Income tax expense | 34,337,932.36 | 17,291,819.98 | 65,556,455.05 | 50,441,413.36 |
5. Net profit | 435,238,679.33 | 274,645,915.84 | 864,985,222.20 | 467,078,236.98 |
Net profit from continuing operations | 435,238,679.33 | 274,645,915.84 | 864,985,222.20 | 467,078,236.98 |
A. Net profit attributable to the shareholders of parent company | 354,079,351.53 | 240,912,462.24 | 713,087,990.71 | 405,271,572.95 |
B. Non-controlling interests income | 81,159,327.80 | 33,733,453.60 | 151,897,231.49 | 61,806,664.03 |
6. Other comprehensive income, net of tax | 5,964,430.88 | 3,147,862.52 | 10,626,389.70 | -1,097,710.29 |
Attributable to owners of parent company | 5,874,088.31 | 3,147,862.52 | 9,819,172.88 | -1,097,710.29 |
a. Other comprehensive income that cannot be reclassified into gains or losses | ||||
b. Other comprehensive income that will be reclassified into the gains or losses | 5,874,088.31 | 3,147,862.52 | 9,819,172.88 | -1,097,710.29 |
(a) Other comprehensive income that can be transferred in gains or losses under the equity method | 5,763,669.61 | 3,147,862.52 | 8,832,574.54 | -1,097,710.29 |
(b) Exchange differences on translation of foreign currency financial statements | 110,418.70 | 986,598.34 | ||
Attributable to non-controlling interests | 90,342.57 | 807,216.82 | ||
7. Total comprehensive income | 441,203,110.21 | 277,793,778.36 | 875,611,611.90 | 465,980,526.69 |
Attributable to the owners of parent company | 359,953,439.84 | 244,060,324.76 | 722,907,163.59 | 404,173,862.66 |
Attributable to non-controlling interests | 81,249,670.37 | 33,733,453.60 | 152,704,448.31 | 61,806,664.03 |
8. EPS | ||||
a. Basic earnings per share (yuan per share) | 0.39 | 0.29 | 0.80 | 0.49 |
b. Diluted earnings per share (yuan per share) | 0.39 | 0.29 | 0.80 | 0.49 |
Consolidated Income Statement of Parent Company
January-September, 2019Unit: yuan
Item | July-September, 2019 | July-September, 2018 | January-September, 2019 | January-September, 2018 |
1. Total operating revenue | 196,512,399.27 | 169,196,467.35 | 458,252,021.02 | 476,932,368.06 |
Deduct: Operating costs | 131,084,785.29 | 112,084,564.58 | 305,136,741.09 | 319,893,020.91 |
Taxes and surtaxes | 367,562.19 | 371,820.43 | 1,180,372.80 | 1,137,317.46 |
Selling expenses | 3,050,709.07 | 4,168,046.08 | 10,301,948.92 | 10,773,210.49 |
Administrative expenses | 8,319,467.74 | 3,273,186.47 | 24,824,924.67 | 15,686,590.29 |
R&D expenses | 4,946,284.85 | 8,634,108.47 | 15,250,620.64 | 19,626,528.13 |
Financial expenses | 6,015,985.79 | 6,636,485.68 | 20,980,959.39 | 20,128,547.11 |
including: Interest expenses | 14,418,872.89 | 13,325,163.31 | 43,531,437.16 | 41,144,052.39 |
Interest income | -8,416,479.52 | -6,702,416.27 | -22,709,313.34 | -21,120,507.58 |
add: Other income | 1,225,625.00 | 1,349,375.00 | ||
Income from investment | 174,957,553.38 | 111,079,089.08 | 377,677,888.29 | 202,759,510.74 |
including: Income from investments in associated companies and joint ventures | 152,387,386.72 | 104,279,261.79 | 338,066,397.52 | 193,003,760.29 |
Gain or loss from changes in fair value | -135,780.00 | 91,400.00 | 631,000.00 | 926,860.00 |
Credit impairment loss | 2,992,205.06 | 983,608.03 | -390,164.84 | -19,940,097.74 |
Assets impairment loss | -6,150,602.09 | |||
Gain or loss from assets disposal | 8,921.74 | -22,077.70 | ||
2. Operating profit | 221,776,129.52 | 146,182,352.75 | 459,822,474.26 | 267,282,824.58 |
add: Non-operating income | 1,070.00 | 570,000.00 | 10,629,590.00 | 3,342,106.50 |
deduct: Non-operating expenditure | 15,000.00 | 600,000.00 | 1,341,100.00 | 600,058.28 |
3. Pretax profit | 221,762,199.52 | 146,152,352.75 | 469,110,964.26 | 270,024,872.80 |
deduct: Income tax expense | 6,886,203.87 | 2,925,154.03 | 11,221,850.01 | 7,164,044.08 |
4. Net profit | 214,875,995.65 | 143,227,198.72 | 457,889,114.25 | 262,860,828.72 |
Net profit from continuing operations | 214,875,995.65 | 143,227,198.72 | 457,889,114.25 | 262,860,828.72 |
5. Other comprehensive income, net of tax | 5,763,669.61 | 3,147,862.52 | 8,832,574.54 | -1,097,710.29 |
a. Other comprehensive income that cannot be reclassified into gains or losses | ||||
b. Other comprehensive income that will be reclassified into gains or losses | 5,763,669.61 | 3,147,862.52 | 8,832,574.54 | -1,097,710.29 |
(a) Other comprehensive income that can be transferred in gains or losses under the equity method | 5,763,669.61 | 3,147,862.52 | 8,832,574.54 | -1,097,710.29 |
6. Total comprehensive income | 220,639,665.26 | 146,375,061.24 | 466,721,688.79 | 261,763,118.43 |
Consolidated Statement of Cash Flow
January-September, 2019Liaoning Wellhope Unit: yuan
Item | January-September, 2019 | January-September, 2018 |
1. Cash flow from operating activities | ||
Cash received from selling commodities, providing labor services | 12,867,947,661.38 | 11,489,358,737.29 |
Tax refunds | 20,422,787.11 | 19,082,294.89 |
Cash received from other activities related to operating | 56,208,041.93 | 60,725,550.46 |
Sub-total of cash inflow of operating activities | 12,944,578,490.42 | 11,569,166,582.64 |
Cash paid for purchasing commodities and receiving labor services | 11,276,295,939.90 | 10,362,295,276.16 |
Cash paid to and for employee | 471,606,862.89 | 406,073,770.90 |
Tax payments | 94,435,382.11 | 102,198,918.06 |
Cash paid to other activities related to operating | 519,328,751.90 | 420,302,914.50 |
Sub-total of cash outflow of operating activities | 12,361,666,936.80 | 11,290,870,879.62 |
Net cash flow from operating activities | 582,911,553.62 | 278,295,703.02 |
2. Cash flow from investing activities | ||
Cash received from disinvestment | 1,050,000.00 | 187,516.32 |
Cash received from return on investment | 22,103,112.29 | 11,464,468.26 |
Net cash received from disposal of fixed assets, intangible assets and other long-lived assets | 1,267,093.00 | 1,179,134.92 |
Net cash received from disposal of subsidiaries and other business units | 194,529.44 | 522,233.92 |
Cash received from other activities related to investment | 2,377,932.15 | 994,414.81 |
Sub-total of cash inflow of investing activities | 26,992,666.88 | 14,347,768.23 |
Cash paid for acquiring and building fixed assets, intangible assets and other long-lived assets | 384,826,859.83 | 320,175,157.06 |
Cash paid for investments | 42,134,198.47 | 77,095,897.16 |
Net cash paid for acquiring subsidiaries and other business units | 113,573,868.96 | |
Cash paid to other activities related to investment | 36,208,141.97 | |
Sub-total of cash outflow of investing activities | 576,743,069.23 | 397,271,054.22 |
Net cash flow from investing activities | -549,750,402.35 | -382,923,285.99 |
3. Cash flow from financing activities | ||
Cash received from absorbing investments | 850,192,738.50 | 7,570,000.00 |
including: Capital contributed by non-controlling interests to subsidiaries | 80,415,000.00 | 7,570,000.00 |
Cash received from borrowings | 1,204,498,455.68 | 1,060,990,000.00 |
Cash received from other activities related to financing | 640,000.00 | |
Sub-total of cash inflow of financing activities | 2,055,331,194.18 | 1,068,560,000.00 |
Repayments of borrowings | 1,205,540,041.67 | 1,022,300,000.00 |
Cash paid for distributing dividends, profits, or paid for interests | 227,218,147.63 | 131,292,946.74 |
including: Dividends or profits paid by subsidiaries to non-controlling interests | 4,420,306.88 | 1,895,000.00 |
Cash paid to other activities related to financing activities | 6,433,985.36 | |
Sub-total of cash outflow of financing activities | 1,439,192,174.66 | 1,153,592,946.74 |
Net cash flow from financing activities | 616,139,019.52 | -85,032,946.74 |
4. Effect of foreign exchange rate fluctuations on cash and cash equivalents | -3,773,741.25 | 250,822.26 |
5. Net increase in cash and cash equivalents | 645,526,429.54 | -189,409,707.45 |
add: Opening balance of cash and cash equivalents | 889,204,873.97 | 740,680,891.81 |
6. Closing balance of cash and cash equivalents | 1,534,731,303.51 | 551,271,184.36 |
Consolidated Statement of Cash Flow of Parent Company
January-September, 2019Unit: yuan
Item | January-September, 2019 | January-September, 2018 |
1. Cash flow from operating activities | ||
Cash received from selling commodities, providing labor services | 436,047,078.54 | 457,034,069.76 |
Cash received from other activities related to operating | 245,362,412.47 | 291,578,942.04 |
Sub-total of cash inflow of operating activities | 681,409,491.01 | 748,613,011.80 |
Cash paid for purchasing commodities and receiving labor services | 263,010,743.82 | 300,576,248.55 |
Cash paid to and for employee | 21,895,620.99 | 18,367,021.64 |
Tax payments | 15,974,070.95 | 14,833,947.51 |
Cash paid to other activities related to operating | 401,130,039.95 | 357,853,863.11 |
Sub-total of cash outflow of operating activities | 702,010,475.71 | 691,631,080.81 |
Net cash flow from operating activities | -20,600,984.70 | 56,981,930.99 |
2. Cash flow from investing activities | ||
Cash received from disinvestment | 1,050,000.00 | 812,000.00 |
Cash received from return on investment | 52,466,504.29 | 18,509,072.37 |
Net cash received from disposal of fixed assets, intangible assets and other long-lived assets | 34,000.00 | |
Net cash received from disposal of subsidiaries and other business units | 4,000,001.00 | |
Cash received from other activities related to investment | 994,414.81 | |
Sub-total of cash inflow of investing activities | 57,550,505.29 | 20,315,487.18 |
Cash paid for acquiring and building fixed assets, intangible assets and other long-lived assets | 9,465,370.42 | 17,925,156.39 |
Cash paid for investments | 127,573,378.79 | 157,553,808.71 |
Cash paid to other activities related to investment | 3,010,000.00 | |
Sub-total of cash outflow of investing activities | 140,048,749.21 | 175,478,965.10 |
Net cash flow from investing activities | -82,498,243.92 | -155,163,477.92 |
3. Cash flow from financing activities | ||
Cash received from absorbing investments | 769,777,738.50 | |
Cash received from borrowings | 770,000,000.00 | 1,040,000,000.00 |
Sub-total of cash inflow of financing activities | 1,539,777,738.50 | 1,040,000,000.00 |
Repayments of borrowings | 837,000,000.00 | 1,002,000,000.00 |
Cash paid for distributing dividends, profits, or paid for interests | 209,835,858.30 | 122,958,477.74 |
Sub-total of cash outflow of financing activities | 1,046,835,858.30 | 1,124,958,477.74 |
Net cash flow from financing activities | 492,941,880.20 | -84,958,477.74 |
4. Effect of foreign exchange rate fluctuations on cash and cash equivalents | 157.39 | 288.89 |
5. Net increase in cash and cash equivalents | 389,842,808.97 | -183,139,735.78 |
add: Opening balance of cash and cash equivalents | 740,891,873.25 | 525,941,409.05 |
6. Closing balance of cash and cash equivalents | 1,130,734,682.22 | 342,801,673.27 |
II. Implementing new financial instrument standards, new income standards and newleasing standards at the beginning of the current year, the adjustment of someitems in the financial statements
Consolidated Balance Sheet
Unit: yuan Currency:RMB
Item | December 31st, 2018 | January 1st, 2019 | Adjustment |
Current assets: | |||
Monetary capital | 928,902,753.06 | 928,902,753.06 | |
Derivative financial assets | 2,042,527.60 | 2,042,527.60 | |
Notes receivable | 13,611,778.44 | 13,611,778.44 | |
Accounts receivable | 397,891,678.23 | 397,891,678.23 | |
Prepayments | 185,899,348.53 | 185,899,348.53 | |
Other receivables | 98,997,213.04 | 98,997,213.04 | |
including: Interest receivable | |||
Dividends receivable | 5,481,783.34 | 5,481,783.34 | |
Inventory | 1,410,869,192.26 | 1,410,869,192.26 | |
Other current assets | 118,636,045.77 | 118,636,045.77 | |
Total current assets | 3,156,850,536.93 | 3,156,850,536.93 | |
Non-current assets: | |||
Available-for-sale financial assets | 3,680,000.00 | -3,680,000.00 | |
Long-term equity investment | 1,354,820,455.99 | 1,354,820,455.99 | |
Other equity instrument investment | 3,197,809.52 | 3,197,809.52 | |
Fixed assets | 1,516,702,438.29 | 1,516,702,438.29 | |
Construction in progress | 255,719,188.30 | 255,719,188.30 | |
Productive biological assets | 30,484,794.88 | 30,484,794.88 | |
Intangible assets | 206,387,940.29 | 206,387,940.29 | |
Goodwill | 290,425.67 | 290,425.67 | |
Long-term prepaid expenses | 177,903,367.82 | 177,903,367.82 | |
Deferred income tax assets | 30,357,726.08 | 30,357,726.08 | |
Other non-current assets | 197,497,688.18 | 197,497,688.18 | |
Total non-current assets | 3,773,844,025.50 | 3,773,361,835.02 | -482,190.48 |
Total assets | 6,930,694,562.43 | 6,930,212,371.95 | -482,190.48 |
Current liabilities: | |||
Short-term borrowings | 1,347,690,168.49 | 1,347,690,168.49 | |
Accounts payable | 572,729,779.31 | 572,729,779.31 | |
Advance receipt | 161,173,916.67 | 161,173,916.67 | |
Payroll payable | 49,731,930.35 | 49,731,930.35 | |
Tax payable | 28,744,792.72 | 28,744,792.72 | |
Other payables | 309,537,195.12 | 309,537,195.12 | |
including: Interest payable | 1,784,257.05 | 1,784,257.05 |
Dividends payable | 526,000.00 | 526,000.00 | |
Non-current liabilities due within one year | 32,999,999.96 | 32,999,999.96 | |
Total current liabilities | 2,502,607,782.62 | 2,502,607,782.62 | |
Non-current liabilities: | |||
Long-term borrowings | 118,500,000.00 | 118,500,000.00 | |
Long-term payables | 23,345,833.38 | 23,345,833.38 | |
Deferred income | 20,252,967.41 | 20,252,967.41 | |
Total non-current liabilities | 162,098,800.79 | 162,098,800.79 | |
Total liabilities | 2,664,706,583.41 | 2,664,706,583.41 | |
Owners' equity (or shareholders' equity): | |||
Paid-up capital (or share capital) | 845,751,469.00 | 845,751,469.00 | |
Capital reserve | 153,824,536.37 | 153,824,536.37 | |
deduct: treasury stock | 70,688,750.00 | 70,688,750.00 | |
Other comprehensive income | -1,316,942.00 | -1,798,486.75 | -481,544.75 |
Surplus reserves | 272,882,920.19 | 272,882,920.19 | |
Undistributed profits | 2,651,462,525.08 | 2,651,462,525.08 | |
Total equity attributable to the owners of parent company | 3,851,915,758.64 | 3,851,434,213.89 | -481,544.75 |
Non-controlling interests | 414,072,220.38 | 414,071,574.65 | -645.73 |
Total owners' equity (or shareholders' equity) | 4,265,987,979.02 | 4,265,505,788.54 | -482,190.48 |
Total liabilities and owners' equity (or shareholders' equity) | 6,930,694,562.43 | 6,930,212,371.95 | -482,190.48 |
Consolidated Balance Sheet of Parent Company
Unit: yuan Currency:RMB
Item | December 31st, 2018 | January 1st, 2019 | Adjustment |
Current assets: | |||
Monetary capital | 750,589,871.09 | 750,589,871.09 | |
Derivative financial assets | 2,042,527.60 | 2,042,527.60 | |
Accounts receivable | 16,033,809.05 | 16,033,809.05 | |
Prepayments | 2,278,798.85 | 2,278,798.85 | |
Other receivables | 869,671,230.01 | 869,671,230.01 | |
including: Interest receivable | |||
Dividends receivable | 15,225,270.58 | 15,225,270.58 | |
Inventory | 41,986,504.36 | 41,986,504.36 | |
Total current assets | 1,682,602,740.96 | 1,682,602,740.96 | |
Non-current assets: | |||
Available-for-sale financial assets | 3,000,000.00 | -3,000,000.00 | |
Long-term equity investment | 3,285,783,087.96 | 3,285,783,087.96 | |
Other equity instrument investment | 2,689,369.92 | 2,689,369.92 | |
Fixed assets | 73,509,615.43 | 73,509,615.43 | |
Construction in progress | 56,425,656.79 | 56,425,656.79 | |
Intangible assets | 16,169,866.87 | 16,169,866.87 | |
Long-term prepaid expenses | 854,845.30 | 854,845.30 | |
Deferred income tax assets | 9,060,127.91 | 9,060,127.91 | |
Total non-current assets | 3,444,803,200.26 | 3,444,492,570.18 | -310,630.08 |
Total assets | 5,127,405,941.22 | 5,127,095,311.14 | -310,630.08 |
Current liabilities: | |||
Short-term borrowings | 1,075,000,000.00 | 1,075,000,000.00 | |
Accounts payable | 7,636,692.77 | 7,636,692.77 | |
Advance receipt | 2,690,153.80 | 2,690,153.80 | |
Payroll payable | 2,749,116.65 | 2,749,116.65 | |
Tax payable | 4,166,334.74 | 4,166,334.74 | |
Other payables | 1,026,382,418.43 | 1,026,382,418.43 | |
including: Interest payable | 1,601,798.61 | 1,601,798.61 | |
Non-current liabilities due within one year | 20,000,000.00 | 20,000,000.00 | |
Total current liabilities | 2,138,624,716.39 | 2,138,624,716.39 | |
Non-current liabilities: | |||
Long-term borrowings | 118,000,000.00 | 118,000,000.00 | |
Deferred income | 7,425,000.00 | 7,425,000.00 | |
Total non-current liabilities | 125,425,000.00 | 125,425,000.00 | |
Total liabilities | 2,264,049,716.39 | 2,264,049,716.39 |
Owners' equity (or shareholders' equity): | |||
Paid-up capital (or share capital) | 845,751,469.00 | 845,751,469.00 | |
Capital reserve | 160,705,065.92 | 160,705,065.92 | |
deduct: treasury stock | 70,688,750.00 | 70,688,750.00 | |
Other comprehensive income | -1,305,935.62 | -1,616,565.70 | -310,630.08 |
Surplus reserves | 272,882,920.19 | 272,882,920.19 | |
Undistributed profits | 1,656,011,455.34 | 1,656,011,455.34 | |
Total owners' equity (or shareholders' equity) | 2,863,356,224.83 | 2,863,045,594.75 | -310,630.08 |
Total liabilities and owners' equity (or shareholders' equity) | 5,127,405,941.22 | 5,127,095,311.14 | -310,630.08 |