Hangzhou Robam Appliances Co., Ltd.
2019 Third Quarter Report
October 2019
Section 1: Important NotesThe board of directors, the board of supervisors and the directors, supervisors andsenior management of the Company shall guarantee that the contents of thequarterly report are authentic, accurate and complete, free from false records,misleading statements Or major omissions, and shall bear individual and joint legalliabilities.All directors of the Company personally attended the board meeting to review thisquarterly report.Ren Jianhua, the head of the Company, Zhang Guofu, the head of accounting work,and Zhang Guofu, the head of accounting body (accountant in charge), guaranteethe authenticity, accuracy and completeness of the Financial statements in thequarterly report.
Section 2: Basic status of company
I. Major Accounting Data and Financial Indicators
Whether the Company needs to retroactively adjust or restate the accounting data of the previous years
□Yes √No
Page 3 of 32
| End of the reporting period | End of previous year | Increase/decrease at the end of this reporting period compared to the end of the previous year | ||||
| Total assets (yuan) | 10,073,735,527.84 | 9,455,361,508.83 | 6.54% | |||
| Net assets attributable to shareholders of listed companies (yuan) | 6,375,359,070.29 | 6,045,384,387.57 | 5.46% | |||
| Reporting period | Increase/decrease this year compared to the previous year | From the beginning of the year to the end of the reporting period | Increase/decrease at the end of the reporting period from the beginning of the year compared to the previous year | |||
| Operating income (yuan) | 2,097,606,924.30 | 10.56% | 5,625,020,807.26 | 4.29% | ||
| Net profits attributable to shareholders of listed companies (yuan) | 415,223,408.27 | 18.20% | 1,085,627,402.47 | 7.31% | ||
| Net profits attributable to shareholders of the listed company after deduction of non-recurring profits and losses (yuan) | 410,778,645.33 | 22.23% | 1,033,318,224.34 | 11.36% | ||
| Net cash flow from operating activities (yuan) | 376,523,778.18 | 381.97% | 1,035,214,862.76 | -13.78% | ||
| Basic EPS (yuan/share) | 0.44 | 18.92% | 1.14 | 6.54% | ||
| Diluted EPS (yuan/share) | 0.44 | 18.92% | 1.14 | 6.54% | ||
| Weighted average return on net assets | 6.86% | 0.36% | 17.37% | -1.19% | ||
Non-recurring Profit and Loss Items and Amount
√Applicable □ Not applicable
Unit: CNY
Page 4 of 32
Item
| Item | Amount from the beginning of the year to the end of the reporting period | Description |
| Profits and losses on the disposal of non-current assets (including the write-off part of the provision for asset impairment) | -1,171,725.00 | |
| Government subsidies included into the current profits and losses, except those government subsidies, which are closely related to the business of a company and enjoyed in accordance with a certain standard quota or quantity of the state | 61,921,866.87 | |
| Profits and losses from investment or management assets entrusted to others | 4,971,538.56 | |
| Income and expenditure other than those mentioned above | -915,346.81 | |
| Less: Amount affected by income tax | 10,663,221.28 | |
| Amount of minority shareholders' equity affected (after tax) | 1,833,934.21 | |
| Total | 52,309,178.13 | -- |
Explain the non-recurrent profit and loss items defined by the Company according to the Interpretative Announcement No.1 on Information Disclosure of Public Securities Issuing Companies - Non-recurrent Profits and Losses and defined fromthe non-recurrent profit and loss items enumerated in the Interpretative Announcement No. 1 on Information Disclosure ofPublic Securities Issuing Companies - Non-recurrent Profits and Losses
□ Applicable √ Not applicable
No definition of non-recurrent profit and loss items defined and enumerated in the Interpretative Announcement No. 1 onInformation Disclosure of Public Securities Issuing Companies - Non-recurrent Profits and Losses as non-recurrent profitand loss items during the reporting period.II. Total number of shareholders at the end of the reporting period and shareholding
of top 10 shareholders
1. Number of common shareholders and preferred shareholders with voting rights
restored, and shareholdings of the top 10 shareholders
Unit: share
| Total number of common shareholders at the end of the reporting period | 60,911 | Total number of preferred shareholders with voting rights restored at the end of the reporting period (if any) | 0 | |||||
| Shareholdings of the top 10 shareholders | ||||||||
| Shareholder's name | Shareholder nature | Shareholding ratio | Number of shares held | Number of shares | Pledge or freeze | |||
| Status of | Quantity | |||||||
Page 5 of 32
heldwithlimited
salesconditions
| held with limited sales conditions | shares | |||||
| Hangzhou Robam Industrial Group Co., Ltd. | Domestic non-state legal person | 49.68% | 471,510,000 | 0 | - | 0 |
| Hong Kong Securities Clearing Co. Ltd. | Overseas legal person | 11.45% | 108,623,698 | 0 | - | 0 |
| Shen Guoying | Domestic natural person | 1.29% | 12,240,000 | 0 | - | 0 |
| China Construction Bank Co., Ltd. - Anxin Value Selected Stock Securities Investment Fund | Other | 1.19% | 11,336,419 | 0 | - | 0 |
| Hangzhou Jinchuang Investment Co., Ltd. | Domestic non-state legal person | 1.00% | 9,451,985 | 0 | - | 0 |
| Shenzhen Guoshi Capital Management Co., Ltd. - Guoshi Capital - Robam Agent Holding Stage 2 Structured Private Equity Fund | Other | 0.88% | 8,311,165 | 0 | - | 0 |
| Aberdeen Standard Investments (Asia) Limited - Aberdeen Global - China A-Shares Fund | Overseas legal person | 0.75% | 7,079,528 | 0 | - | 0 |
| Hangzhou Yinchuang Investment Co., Ltd. | Domestic non-state legal person | 0.74% | 7,020,000 | 0 | - | 0 |
| Ren Jianhua | Domestic natural person | 0.62% | 5,923,150 | 0 | - | 0 |
| Central Huijin Investment Ltd. | State legal person | 0.60% | 5,685,810 | 0 | - | 0 |
| Shareholding of top 10 shareholders with unlimited sales conditions | ||||||
Page 6 of 32
Shareholder's name
| Shareholder's name | Number of shares held with unlimited sales conditions | Share type | |
| Share type | Quantity | ||
| Hangzhou Robam Industrial Group Co., Ltd. | 471,510,000 | RMB common share | 471,510,000 |
| Hong Kong Securities Clearing Co. Ltd. | 108,623,698 | RMB common share | 108,623,698 |
| Shen Guoying | 12,240,000 | RMB common share | 12,240,000 |
| China Construction Bank Co., Ltd. - Anxin Value Selected Stock Securities Investment Fund | 11,336,419 | RMB common share | 11,336,419 |
| Hangzhou Jinchuang Investment Co., Ltd. | 9,451,985 | RMB common share | 9,451,985 |
| Shenzhen Guoshi Capital Management Co., Ltd. - Guoshi Capital - Robam Agent Holding Stage 2 Structured Private Equity Fund | 8,311,165 | RMB common share | 8,311,165 |
| Aberdeen Standard Investments (Asia) Limited - Aberdeen Global - China A-Shares Fund | 7,079,528 | RMB common share | 7,079,528 |
| Hangzhou Yinchuang Investment Co., Ltd. | 7,020,000 | RMB common share | 7,020,000 |
| Ren Jianhua | 5,923,150 | RMB common share | 5,923,150 |
| Central Huijin Investment Ltd. | 5,685,810 | RMB common share | 5,685,810 |
| Description of the above-mentioned shareholder association or concerted action | The actual controller of the Company’s controlling shareholder Hangzhou Robam Industrial Group Co., Ltd. and the shareholder Hangzhou Jinchuang Investment Co., Ltd. is Mr. Ren Jianhua, and the natural person shareholder Shen Guo Ying is the wife of Ren Jianhua. The above shareholders have the possibility of acting in unison. | ||
| Securities margin trading business attended by top 10 shareholders (if any) | Not applicable | ||
Whether the Company’s top 10 common shareholders and op 10 common shareholders with unlimited sales conditionsagreed on a repurchase transaction during the reporting period
□Yes √No
The Company’s top 10 common shareholders and op 10 common shareholders with unlimited sales conditions did notagree on a repurchase transaction during the reporting period
2. Total number of preferred shareholders and the top 10 preferred shareholders’
shareholdings of the Company
□ Applicable √ Not applicable
Section 5: Important MattersI. Cases and causes for the change in the main financial data and financial indexesduring the reporting period
√Applicable □ Not applicable
1. Balance sheet items
? The monetary capital increased by 47.74% at the end of the reporting period compared to the beginning of the year,which was mainly caused by the increase of the company's payment collection and the decrease of the amount ofmoney to purchase the bank financial products.
? The advances to suppliers increased by 38.22% at the end of the reporting period compared to the beginning of theyear, which was mainly caused by the increase in the purchase of raw materials.
? Other current assets decreased by 35.91% at the end of the reporting period compared to the beginning of the year,
which was mainly caused by the decrease of the bank financing in the current period.
? Available-for-sale financial assets decreased by 100% at the end of the reporting period compared to the beginningof the year and other equity instrument investments increased by 100% compared to last year, which were causedby the change in the reclassification of items.
? The long-term equity investment increased by 81.34% at the end of the reporting period compared to the beginning
of the year, which was mainly caused by the profit increase of De Dietrich Trade (Shanghai) Co., Ltd. invested by thecompany in the current period.
? The construction in progress increased by 36.58% at the end of the reporting period compared to the beginning of
the year, which was mainly caused by the infrastructure investment in Maoshan Intelligent Manufacturing Park in thecurrent period.
? The long-term unamortized expenses decreased by 80.94% at the end of the reporting period compared to thebeginning of the year, which was mainly caused by the amortization of long-term deferred expenses in previousperiod.
? The accounts payable increased by 31.88% at the end of the reporting period compared to the beginning of the year,which was mainly caused by the increase in the purchase transactions with the sales revenue in the current period.
? The payroll payable decreased by 90.93% at the end of the reporting period compared to the beginning of the year,which was mainly caused by the payment of employee salaries and bonuses last year.
? The tax payable increased by 64.30% at the end of the reporting period compared to the beginning of the year, whichwas mainly caused by the increase in the income tax expenses in the current period.
2. Income statement items
? The non-operating income decreased by 52.49% in the reporting period compared to the last year, which was mainlycaused by the decrease of the government subsidies in the current period.
? The non-operating expenditure increased by 217.58% in the reporting period compared to the last year, which wasmainly caused by the increase of the donation outlay and the scrap of some products in the current period.
3. Cash flow statement items
? The net cash flow from investment activities decreased by 227.81% in the reporting period compared to the last year,
which was mainly caused by the company's payment for the investment fund for merger and acquisition of Kinde last
year and no major investment projects in current period.
II. Progress of important matters and their impact and solution analysis
□ Applicable √ Not applicable
Implementation progress of share repurchase
□ Applicable √ Not applicable
Implementation progress of reducing repurchased shares by centralized competitive bidding
□ Applicable √ Not applicable
III. Commitments not fully fulfilled by the Company’s actual controller, shareholders,related parties, acquirer and other commitment parties during the reportingperiod
□ Applicable √ Not applicable
No commitments not fully fulfilled by the Company’s actual controller, shareholders, related parties, acquirer and othercommitment parties during the reporting periodIV. Estimate of annual business performance for 2019It is estimated that the change rate of the net profits attributable to shareholders of listed companies in 2019 ranges from2% to 10%V. Financial assets measured with fair value
□ Applicable √ Not applicable
VI. Illegal external guarantee
□ Applicable √ Not applicable
No illegal external guarantee of the Company during the reporting period.VII. Non-operating occupation of funds of listed companies by controllingshareholders and their related parties
□ Applicable √ Not applicable
No non-operating occupation of funds of listed companies by controlling shareholders and their related parties during thereporting period.
VIII. Entrusted financing
√Applicable □ Not applicable
Unit: 10,000 yuan
Page 10 of 32Specific type
| Specific type | Source of funds for entrusted financing | Amount incurred in entrusted financing | Outstanding balance | Overdue amount not recovered |
| Bank financial products | Owned fund | 213,000 | 150,000 | 0 |
| Total | 213,000 | 150,000 | 0 | |
Specific circumstance of high-risk entrusted financing with significant single amount or with low security, poor liquidity andnot break-even
□ Applicable √ Not applicable
The entrusted financing is expected not to recover the principal or has other circumstances that may cause impairment
□ Applicable √ Not applicable
IX. Registration form of reception, research, communication, interview and otheractivities during the reporting period
√Applicable □ Not applicable
| Reception time | Reception way | Type of received object | Basic information index of the survey |
| July 01, 2019 | Field survey | Organization | See the Record Chart of Investor Relation Activities on July 1 and 2, 2019 in cninfo |
| September 18, 2019 | Field survey | Organization | See the Record Chart of Investor Relation Activities on July 18 and 19, 2019 in cninfo |
| September 16, 2019 | Field survey | Organization | See the Record Chart of Investor Relation Activities on September 16 and 17, 2019 in cninfo |
| September 18, 2019 | Field survey | Organization | See the Record Chart of Investor Relation Activities on September 18-23, 2019 in cninfo |
| September 25, 2019 | Field survey | Organization | See the Record Chart of Investor Relation Activities on September 25, 2019 in cninfo |
Section 4: Financial statementsI. Financial statements
1. Consolidated Balance Sheet
Unit: Hangzhou Robam Appliances Co., Ltd.
September 30, 2019
Unit: yuan
Page 11 of 32
Item
| Item | September 30, 2019 | December 31, 2018 |
| Current assets: | ||
| Monetary capital | 3,245,449,193.34 | 2,196,706,808.35 |
| Deposit reservation for balance | ||
| Lending funds | ||
| Trading financial assets | ||
| Financial assets measured with fair value and with the changes included in current profit and loss | ||
| Derivative financial assets | ||
| Notes receivable | 1,638,067,218.35 | 1,268,146,296.01 |
| Accounts receivable | 504,403,716.91 | 446,773,135.47 |
| Receivables financing | ||
| Advances to suppliers | 82,223,155.23 | 59,485,930.70 |
| Premiums receivables | ||
| Reinsurance accounts receivable | ||
| Provision of cession receivable | ||
| Other receivables | 76,297,609.13 | 70,182,460.52 |
| Including: Interest receivable | ||
| Dividends receivable | ||
| Redemptory monetary capital for sale | ||
| Inventory | 1,252,927,464.66 | 1,347,112,731.03 |
| Contract assets | ||
| Assets held for sales | ||
| Non-current assets due within a year | ||
| Other current assets | 1,661,000,000.00 | 2,591,760,176.09 |
Page 12 of 32Total current assets
| Total current assets | 8,460,368,357.62 | 7,980,167,538.17 |
| Non-current assets: | ||
| Loans and advances | ||
| Debt investment | ||
| Available-for-sale financial assets | 119,948,534.00 | |
| Other debt investments | ||
| Held-to-maturity investment | ||
| Long-term receivables | ||
| Long-term equity investment | 4,747,220.20 | 2,617,851.16 |
| Other equity instrument investments | 119,948,534.00 | |
| Other non-current financial assets | ||
| Investment properties | 114,835.04 | 121,575.14 |
| Fixed assets | 827,524,982.61 | 842,877,466.95 |
| Construction in progress | 251,902,361.51 | 184,440,655.49 |
| Productive biological assets | ||
| Oil and gas assets | ||
| Right-of-use assets | ||
| Intangible assets | 188,822,958.40 | 193,974,179.90 |
| Development expenditure | ||
| Goodwill | 80,589,565.84 | 80,589,565.84 |
| Long-term unamortized expenses | 940,486.63 | 4,933,280.77 |
| Deferred income tax assets | 119,994,530.99 | 39,564,040.41 |
| Other non-current assets | 18,781,695.00 | 6,126,821.00 |
| Total non-current assets | 1,613,367,170.22 | 1,475,193,970.66 |
| Total assets | 10,073,735,527.84 | 9,455,361,508.83 |
| Current liabilities | ||
| Short-term borrowing | ||
| Borrowings from central bank | ||
| Borrowing funds | ||
| Trading financial liabilities | ||
| Financial liabilities measured with fair value and with the changes included in current profit and loss | ||
| Derivative financial liabilities | ||
| Notes payable | 506,112,976.05 | 411,414,985.01 |
Page 13 of 32Accounts payable
| Accounts payable | 1,576,761,406.44 | 1,195,563,149.37 |
| Advance from customers | 1,002,475,900.77 | 1,170,088,458.14 |
| Contract liabilities | ||
| Financial assets sold for repurchase | ||
| Deposits from customers and interbank | ||
| Acting trading securities | ||
| Acting underwriting securities | ||
| Payroll payable | 9,734,481.06 | 107,349,495.30 |
| Tax payable | 186,071,573.71 | 113,248,653.85 |
| Other payables | 228,913,042.01 | 234,490,187.04 |
| Including: Interest payable | ||
| Dividends payable | ||
| Fees and commissions payable | ||
| Dividend payable for reinsurance | ||
| Liabilities held for sales | ||
| Non-current liabilities due within a year | ||
| Other current liabilities | ||
| Total current liabilities | 3,510,069,380.04 | 3,232,154,928.71 |
| Non-current liabilities | ||
| Reserve fund for insurance contracts | ||
| Long-term borrowing | ||
| Bonds payable | ||
| Including: preferred stock | ||
| Perpetual bond | ||
| Lease liabilities | ||
| Long-term payable | ||
| Long-term payroll payable | ||
| Estimated liabilities | ||
| Deferred income | 78,992,037.91 | 82,021,091.35 |
| Deferred income tax liabilities | 9,476,406.55 | 10,337,139.79 |
| Other non-current liabilities | ||
| Total non-current liabilities | 88,468,444.46 | 92,358,231.14 |
| Total liabilities | 3,598,537,824.50 | 3,324,513,159.85 |
| Owner's equity: |
Page 14 of 32
Capital stock
| Capital stock | 949,024,050.00 | 949,024,050.00 |
| Other equity instruments | ||
| Including: preferred stock | ||
| Perpetual bond | ||
| Capital reserve | 401,799,332.67 | 401,689,801.42 |
| Minus: treasury stock | 3,456,989.00 | |
| Other comprehensive income | ||
| Special reserve | ||
| Surplus reserves | 474,516,412.50 | 474,516,412.50 |
| General risk preparation | ||
| Undistributed profit | 4,550,019,275.12 | 4,223,611,112.65 |
| Total owners' equities attributable to the owners of parent company | 6,375,359,070.29 | 6,045,384,387.57 |
| Minority equity | 99,838,633.05 | 85,463,961.41 |
| Total owners' equities | 6,475,197,703.34 | 6,130,848,348.98 |
| Total liabilities and owners' equities | 10,073,735,527.84 | 9,455,361,508.83 |
Legal representative: Ren Jianhua Head of accounting work: Zhang Guofu Head of accounting body: Zhang Guofu
2. Balance sheet of parent company
Unit: yuan
| Item | September 30, 2019 | December 31, 2018 |
| Current assets: | ||
| Monetary capital | 3,095,127,527.64 | 2,017,251,340.16 |
| Trading financial assets | ||
| Financial assets measured with fair value and with the changes included in current profit and loss | ||
| Derivative financial assets | ||
| Notes receivable | 1,638,067,218.35 | 1,261,896,296.01 |
| Accounts receivable | 468,545,818.24 | 438,002,392.66 |
| Receivables financing | ||
| Advances to suppliers | 75,845,354.68 | 48,995,796.40 |
| Other receivables | 54,767,795.54 | 64,301,240.95 |
| Including: Interest receivable | ||
| Dividends receivable |
Page 15 of 32Inventory
| Inventory | 1,188,214,158.25 | 1,267,525,767.58 |
| Contract assets | ||
| Assets held for sales | ||
| Non-current assets due within a year | ||
| Other current assets | 1,500,000,000.00 | 2,448,736,487.97 |
| Total current assets | 8,020,567,872.70 | 7,546,709,321.73 |
| Non-current assets: | ||
| Debt investment | ||
| Available-for-sale financial assets | 119,948,534.00 | |
| Other debt investments | ||
| Held-to-maturity investment | ||
| Long-term receivables | ||
| Long-term equity investment | 231,253,153.93 | 224,608,888.64 |
| Other equity instrument investments | 119,948,534.00 | |
| Other non-current financial assets | ||
| Investment properties | 445,341.88 | 470,485.36 |
| Fixed assets | 799,628,406.54 | 815,345,909.65 |
| Construction in progress | 251,675,946.41 | 184,365,655.49 |
| Productive biological assets | ||
| Oil and gas assets | ||
| Right-of-use assets | ||
| Intangible assets | 159,099,879.95 | 161,743,355.41 |
| Development expenditure | ||
| Goodwill | ||
| Long-term unamortized expenses | 231,915.18 | 4,933,280.77 |
| Deferred income tax assets | 120,584,767.57 | 38,723,474.50 |
| Other non-current assets | 18,781,695.00 | 6,126,821.00 |
| Total non-current assets | 1,701,649,640.46 | 1,556,266,404.82 |
| Total assets | 9,722,217,513.16 | 9,102,975,726.55 |
| Current liabilities | ||
| Short-term borrowing | ||
| Trading financial liabilities | ||
| Financial liabilities measured with fair value and with the changes included in current profit and loss |
Page 16 of 32
Derivative financial liabilities
| Derivative financial liabilities | ||
| Notes payable | 505,812,976.05 | 409,057,910.01 |
| Accounts payable | 1,516,115,738.94 | 1,158,684,039.60 |
| Advance from customers | 951,864,889.79 | 1,067,652,543.09 |
| Contract liabilities | ||
| Payroll payable | 62,564.09 | 88,814,022.76 |
| Tax payable | 173,930,045.06 | 99,200,231.67 |
| Other payables | 205,506,081.22 | 215,230,256.63 |
| Including: Interest payable | ||
| Dividends payable | ||
| Liabilities held for sales | ||
| Non-current liabilities due within a year | ||
| Other current liabilities | ||
| Total current liabilities | 3,353,292,295.15 | 3,038,639,003.76 |
| Non-current liabilities | ||
| Long-term borrowing | ||
| Bonds payable | ||
| Including: preferred stock | ||
| Perpetual bond | ||
| Lease liabilities | ||
| Long-term payable | ||
| Long-term payroll payable | ||
| Estimated liabilities | ||
| Deferred income | 78,992,037.91 | 82,021,091.35 |
| Deferred income tax liabilities | ||
| Other non-current liabilities | ||
| Total non-current liabilities | 78,992,037.91 | 82,021,091.35 |
| Total liabilities | 3,432,284,333.06 | 3,120,660,095.11 |
| Owner's equity: | ||
| Capital stock | 949,024,050.00 | 949,024,050.00 |
| Other equity instruments | ||
| Including: preferred stock | ||
| Perpetual bond | ||
| Capital reserve | 401,754,349.66 | 401,644,818.41 |
Page 17 of 32Minus: treasury stock
| Minus: treasury stock | 3,456,989.00 | |
| Other comprehensive income | ||
| Special reserve | ||
| Surplus reserves | 474,516,412.50 | 474,516,412.50 |
| Undistributed profit | 4,464,638,367.94 | 4,160,587,339.53 |
| Total owners' equities | 6,289,933,180.10 | 5,982,315,631.44 |
| Total liabilities and owners' equities | 9,722,217,513.16 | 9,102,975,726.55 |
3. Consolidated income statement in this reporting period
Unit: yuan
| Item | Amount incurred in current period | Amount incurred in previous period |
| I. Total operating income | 2,097,606,924.30 | 1,897,226,702.39 |
| Including: Operating income | 2,097,606,924.30 | 1,897,226,702.39 |
| Interest revenue | ||
| Premium earned | ||
| Fee and commission income | ||
| II. Total operating costs | 1,626,491,205.87 | 1,540,956,134.57 |
| Including: Operating costs | 929,416,753.92 | 890,372,953.14 |
| Interest expenditure | ||
| Fee and commission expense | ||
| Surrender value | ||
| Net payments for insurance claims | ||
| Net reserve fund extracted for insurance liability | ||
| Bond insurance expense | ||
| Reinsurance costs | ||
| Taxes and surcharges | 16,898,617.83 | 15,144,024.00 |
| Selling expenses | 566,766,627.49 | 530,494,123.51 |
| Management costs | 67,127,915.14 | 64,363,432.80 |
| Research and development expenses | 76,250,213.58 | 71,418,205.97 |
| Financial expenses | -29,968,922.10 | -30,836,604.85 |
| Including: interest expenditure | ||
| Interest revenue | 29,217,382.55 | 30,076,489.36 |
| Plus: other incomes | 3,751,701.65 | 3,795,700.21 |
Page 18 of 32
Income from investment (loss expressed with“-”)
| Income from investment (loss expressed with “-”) | 25,609,237.33 | 34,848,138.32 |
| Including: Income from investment of joint venture and cooperative enterprise | 2,060,171.09 | -12,581.48 |
| Income from derecognition of financial assets measured at amortized cost | ||
| Exchange gain (loss expressed with “-”) | ||
| Net exposure hedging gain (loss expressed with “-”) | ||
| Income from fair value changes (loss expressed with “-”) | ||
| Credit impairment losses (loss expressed with “-”) | -654,094.55 | |
| Assets impairment losses (loss expressed with “-”) | 6,844,425.59 | |
| Income from disposal of assets (loss expressed with “-”) | 330,810.85 | 48,510.44 |
| III. Operating profits (loss expressed with “-”) | 500,153,373.71 | 401,807,342.38 |
| Plus: Non-operating income | 1,516,796.98 | 908,976.86 |
| Less: non-operating expenditure | 1,002,387.45 | 95,558.47 |
| IV. Total profits (total loss expressed with “-”) | 500,667,783.24 | 402,620,760.77 |
| Less: Income tax expenses | 78,082,299.02 | 46,683,146.64 |
| V. Net profits (net loss expressed with “-”) | 422,585,484.22 | 355,937,614.13 |
| i. Classified by business continuity | ||
| 1. Net profits from going concern (net loss expressed with “-”) | 422,585,484.22 | 355,937,614.13 |
| 2. Net profits from discontinuing operation (net loss expressed with “-”) | ||
| ii. Classified by ownership | ||
| 1. Net owners' profits attributable to the owners of parent company | 415,223,408.27 | 351,293,563.34 |
| 2. * Minority interest income | 7,362,075.95 | 4,644,050.79 |
| VI. Net of tax of other comprehensive income | ||
| Net amount of other comprehensive income after tax attributed to parent company owners | ||
| i. Other comprehensive income that can't be reclassified into profit and loss |
Page 19 of 32
1. Remeasure the variation of net indebtedness or
net asset of defined benefit plan
| 1. Remeasure the variation of net indebtedness or net asset of defined benefit plan | ||
| 2. Other comprehensive income that can't be reclassified into profit and loss in the invested enterprise under equity method | ||
| 3. Fair value change of other equity instrument investments | ||
| 4. Fair value change of enterprise credit risks | ||
| 5. Other | ||
| ii. Other comprehensive income that will be reclassified into profit and loss | ||
| 1. Other comprehensive income that will be reclassified into profit and loss in the invested enterprise under equity method | ||
| 2. Fair value change of other debt investments | ||
| 3. Changes in fair value through profit and loss of available-for-sale financial assets | ||
| 4. Amount of financial assets reclassified into other comprehensive income | ||
| 5. Held-to-maturity investment reclassified into available-for-sale financial assets | ||
| 6. Provision for credit impairment of other debt investments | ||
| 7. Cash flow hedging reserve | ||
| 8. Balance arising from the translation of foreign currency financial statements | ||
| 9. Other | ||
| Net amount of other comprehensive income after tax attributed to minority shareholders | ||
| VII. Total comprehensive income | 422,585,484.22 | 355,937,614.13 |
| Total comprehensive income belonging to parent company | 415,223,408.27 | 351,293,563.34 |
| Total comprehensive income attributed to minority shareholders | 7,362,075.95 | 4,644,050.79 |
| VIII. Earnings per share: | ||
| i. Basic EPS | 0.44 | 0.37 |
| ii. Diluted EPS | 0.44 | 0.37 |
In case of business combination involving enterprises under common control in this period, the net profits achieved by the
combined enterprise before combination were RMB and achieved by the combined enterprise in previous period wereRMB .
Page 20 of 32Legal representative: Ren Jianhua
| Legal representative: Ren Jianhua | Head of accounting work: Zhang Guofu | Head of accounting body: Zhang Guofu |
4. Income statement of parent company in this reporting period
Unit: yuan
| Item | Amount incurred in current period | Amount incurred in previous period |
| I. Operating income | 1,913,478,145.97 | 1,727,137,272.30 |
| Subtract: Operating costs | 870,660,956.25 | 827,910,952.66 |
| Taxes and surcharges | 14,928,367.84 | 13,704,788.27 |
| Selling expenses | 494,289,468.62 | 459,765,926.40 |
| Management costs | 46,258,967.41 | 48,036,306.77 |
| Research and development expenses | 74,014,215.72 | 69,187,392.44 |
| Financial expenses | -29,842,457.70 | -27,301,366.88 |
| Including: interest expenditure | ||
| Interest revenue | 28,950,692.46 | 26,427,376.40 |
| Plus: other incomes | 3,432,351.15 | 2,495,403.38 |
| Income from investment (loss expressed with “-”) | 23,532,336.60 | 34,848,138.32 |
| Including: Income from investment of joint venture and cooperative enterprise | 1,364,267.48 | -12,581.48 |
| Income from derecognition of financial assets measured at amortized cost | ||
| Net exposure hedging gain (loss expressed with “-”) | ||
| Income from fair value changes (loss expressed with “-”) | ||
| Credit impairment losses (loss expressed with “-”) | -1,347,328.85 | |
| Assets impairment losses (loss expressed with “-”) | 6,486,076.46 | |
| Income from disposal of assets (loss expressed with “-”) | 51,884.79 | 48,510.44 |
| II. Operating profits (loss expressed with “-”) | 468,837,871.52 | 379,711,401.24 |
| Plus: Non-operating income | 1,450,130.00 | 909,578.60 |
| Less: non-operating expenditure | 75,873.91 | 86,238.94 |
Page 21 of 32III. Total profits (total loss expressed with “-”)
| III. Total profits (total loss expressed with “-”) | 470,212,127.61 | 380,534,740.90 |
| Less: Income tax expenses | 70,416,452.79 | 43,236,772.23 |
| IV. Net profits (net loss expressed with “-”) | 399,795,674.82 | 337,297,968.67 |
| i. Net profits from going concern (net loss expressed with “-”) | 399,795,674.82 | 337,297,968.67 |
| ii. Net profits from discontinuing operation (net loss expressed with “-”) | ||
| V. Net of tax of other comprehensive income | ||
| i. Other comprehensive income that can't be reclassified into profit and loss | ||
| 1. Remeasure the variation of net indebtedness or net asset of defined benefit plan | ||
| 2. Other comprehensive income that can't be reclassified into profit and loss in the invested enterprise under equity method | ||
| 3. Fair value change of other equity instrument investments | ||
| 4. Fair value change of enterprise credit risks | ||
| 5. Other | ||
| ii. Other comprehensive income that will be reclassified into profit and loss | ||
| 1. Other comprehensive income that will be reclassified into profit and loss in the invested enterprise under equity method | ||
| 2. Fair value change of other debt investments | ||
| 3. Changes in fair value through profit and loss of available-for-sale financial assets | ||
| 4. Amount of financial assets reclassified into other comprehensive income | ||
| 5. Held-to-maturity investment reclassified into available-for-sale financial assets | ||
| 6. Provision for credit impairment of other debt investments | ||
| 7. Cash flow hedging reserve | ||
| 8. Balance arising from the translation of foreign currency financial statements | ||
| 9. Other |
Page 22 of 32VI. Total comprehensive income
| VI. Total comprehensive income | 399,795,674.82 | 337,297,968.67 |
| VII. Earnings per share: | ||
| i. Basic EPS | ||
| ii. Diluted EPS |
5. Consolidated Statement of Income from the beginning of the year to the end of
the reporting period
Unit: yuan
| Item | Amount incurred in current period | Amount incurred in previous period |
| I. Total operating income | 5,625,020,807.26 | 5,393,889,267.86 |
| Including: Operating income | 5,625,020,807.26 | 5,393,889,267.86 |
| Interest revenue | ||
| Premium earned | ||
| Fee and commission income | ||
| II. Total operating costs | 4,439,593,417.70 | 4,354,495,704.86 |
| Including: Operating costs | 2,528,818,716.74 | 2,519,018,355.86 |
| Interest expenditure | ||
| Fee and commission expense | ||
| Surrender value | ||
| Net payments for insurance claims | ||
| Net reserve fund extracted for insurance liability | ||
| Bond insurance expense | ||
| Reinsurance costs | ||
| Taxes and surcharges | 46,357,616.21 | 48,853,295.63 |
| Selling expenses | 1,556,811,534.10 | 1,495,239,191.95 |
| Management costs | 183,299,443.91 | 189,057,262.33 |
| Research and development expenses | 183,879,999.71 | 181,241,873.33 |
| Financial expenses | -59,573,892.97 | -78,914,274.24 |
| Including: interest expenditure | 201,831.98 | |
| Interest revenue | 59,525,309.87 | 78,194,467.53 |
| Plus: other incomes | 60,590,883.49 | 63,319,835.29 |
| Income from investment (loss expressed with “-”) | 65,468,211.82 | 75,618,417.94 |
| Including: Income from investment of joint venture and cooperative enterprise | 2,129,369.04 | 643,022.56 |
Page 23 of 32
Income from derecognition of financial assetsmeasured at amortized cost
| Income from derecognition of financial assets measured at amortized cost | ||
| Exchange gain (loss expressed with “-”) | ||
| Net exposure hedging gain (loss expressed with “-”) | ||
| Income from fair value changes (loss expressed with “-”) | ||
| Credit impairment losses (loss expressed with “-”) | -9,606,123.78 | |
| Assets impairment losses (loss expressed with “-”) | -1,741,053.34 | |
| Income from disposal of assets (loss expressed with “-”) | 34,138.62 | 111,267.72 |
| III. Operating profits (loss expressed with “-”) | 1,301,914,499.71 | 1,176,702,030.61 |
| Plus: Non-operating income | 3,128,743.07 | 6,585,510.73 |
| Less: non-operating expenditure | 3,884,831.50 | 1,223,275.90 |
| IV. Total profits (total loss expressed with “-”) | 1,301,158,411.28 | 1,182,064,265.44 |
| Less: Income tax expenses | 201,156,337.17 | 165,791,085.97 |
| V. Net profits (net loss expressed with “-”) | 1,100,002,074.11 | 1,016,273,179.47 |
| i. Classified by business continuity | ||
| 1. Net profits from going concern (net loss expressed with “-”) | 1,100,002,074.11 | 1,016,273,179.47 |
| 2. Net profits from discontinuing operation (net loss expressed with “-”) | ||
| ii. Classified by ownership | ||
| 1. Net owners' profits attributable to the owners of parent company | 1,085,627,402.47 | 1,011,633,069.40 |
| 2. * Minority interest income | 14,374,671.64 | 4,640,110.07 |
| VI. Net of tax of other comprehensive income | ||
| Net amount of other comprehensive income after tax attributed to parent company owners | ||
| i. Other comprehensive income that can't be reclassified into profit and loss | ||
| 1. Remeasure the variation of net indebtedness or net asset of defined benefit plan | ||
| 2. Other comprehensive income that can't be reclassified into profit and loss in the |
Page 24 of 32
invested enterprise under equity method
| invested enterprise under equity method | ||
| 3. Fair value change of other equity instrument investments | ||
| 4. Fair value change of enterprise credit risks | ||
| 5. Other | ||
| ii. Other comprehensive income that will be reclassified into profit and loss | ||
| 1. Other comprehensive income that will be reclassified into profit and loss in the invested enterprise under equity method | ||
| 2. Fair value change of other debt investments | ||
| 3. Changes in fair value through profit and loss of available-for-sale financial assets | ||
| 4. Amount of financial assets reclassified into other comprehensive income | ||
| 5. Held-to-maturity investment reclassified into available-for-sale financial assets | ||
| 6. Provision for credit impairment of other debt investments | ||
| 7. Cash flow hedging reserve | ||
| 8. Balance arising from the translation of foreign currency financial statements | ||
| 9. Other | ||
| Net amount of other comprehensive income after tax attributed to minority shareholders | ||
| VII. Total comprehensive income | 1,100,002,074.11 | 1,016,273,179.47 |
| Total comprehensive income belonging to parent company | 1,085,627,402.47 | 1,011,633,069.40 |
| Total comprehensive income attributed to minority shareholders | 14,374,671.64 | 4,640,110.07 |
| VIII. Earnings per share: | ||
| i. Basic EPS | 1.14 | 1.07 |
| ii. Diluted EPS | 1.14 | 1.07 |
In case of business combination involving enterprises under common control in this period, the net profits achieved by thecombined enterprise before combination were RMB and achieved by the combined enterprise in previous period wereRMB .
Page 25 of 32Legal representative: RenJianhua
| Legal representative: Ren Jianhua | Head of accounting work: Zhang Guofu | Head of accounting body: Zhang Guofu |
6. Income statement of parent company from the beginning of the year to the end
of the reporting period
Unit: yuan
| Item | Amount incurred in current period | Amount incurred in previous period |
| I. Operating income | 5,173,271,472.64 | 5,019,021,362.42 |
| Subtract: Operating costs | 2,378,159,108.17 | 2,399,568,710.77 |
| Taxes and surcharges | 41,260,532.79 | 44,613,880.30 |
| Selling expenses | 1,362,174,692.49 | 1,318,201,993.38 |
| Management costs | 127,376,083.37 | 133,529,192.15 |
| Research and development expenses | 177,725,385.19 | 179,011,059.80 |
| Financial expenses | -57,647,916.09 | -74,727,743.91 |
| Including: interest expenditure | 201,831.98 | |
| Interest revenue | 57,198,018.80 | 73,704,782.57 |
| Plus: other incomes | 55,342,033.44 | 61,726,939.46 |
| Income from investment (loss expressed with “-”) | 60,496,673.26 | 75,618,417.94 |
| Including: Income from investment of joint venture and cooperative enterprise | 2,129,369.04 | 643,022.56 |
| Income from derecognition of financial assets measured at amortized cost | ||
| Net exposure hedging gain (loss expressed with “-”) | ||
| Income from fair value changes (loss expressed with “-”) | ||
| Credit impairment losses (loss expressed with “-”) | -10,495,755.49 | |
| Assets impairment losses (loss expressed with “-”) | -1,159,416.88 | |
| Income from disposal of assets (loss expressed with “-”) | -244,787.44 | 111,267.72 |
| II. Operating profits (loss expressed with “-”) | 1,249,321,750.49 | 1,155,121,478.17 |
| Plus: Non-operating income | 2,975,654.06 | 1,304,711.39 |
| Less: non-operating expenditure | 1,169,135.48 | 1,200,624.10 |
Page 26 of 32III. Total profits (total loss expressed with “-”)
| III. Total profits (total loss expressed with “-”) | 1,251,128,269.07 | 1,155,225,565.46 |
| Less: Income tax expenses | 187,858,000.66 | 159,784,888.28 |
| IV. Net profits (net loss expressed with “-”) | 1,063,270,268.41 | 995,440,677.18 |
| i. Net profits from going concern (net loss expressed with “-”) | 1,063,270,268.41 | 995,440,677.18 |
| ii. Net profits from discontinuing operation (net loss expressed with “-”) | ||
| V. Net of tax of other comprehensive income | ||
| i. Other comprehensive income that can't be reclassified into profit and loss | ||
| 1. Remeasure the variation of net indebtedness or net asset of defined benefit plan | ||
| 2. Other comprehensive income that can't be reclassified into profit and loss in the invested enterprise under equity method | ||
| 3. Fair value change of other equity instrument investments | ||
| 4. Fair value change of enterprise credit risks | ||
| 5. Other | ||
| ii. Other comprehensive income that will be reclassified into profit and loss | ||
| 1. Other comprehensive income that will be reclassified into profit and loss in the invested enterprise under equity method | ||
| 2. Fair value change of other debt investments | ||
| 3. Changes in fair value through profit and loss of available-for-sale financial assets | ||
| 4. Amount of financial assets reclassified into other comprehensive income | ||
| 5. Held-to-maturity investment reclassified into available-for-sale financial assets | ||
| 6. Provision for credit impairment of other debt investments | ||
| 7. Cash flow hedging reserve | ||
| 8. Balance arising from the translation of foreign currency financial statements | ||
| 9. Other |
Page 27 of 32VI. Total comprehensive income
| VI. Total comprehensive income | 1,063,270,268.41 | 995,440,677.18 |
| VII. Earnings per share: | ||
| i. Basic EPS | ||
| ii. Diluted EPS |
7. Consolidated statement of cash flow from the beginning of the year to the end
of the reporting period
Unit: yuan
| Item | Amount incurred in current period | Amount incurred in previous period |
| I. Cash flow from operating activities: | ||
| Cash from selling commodities or offering labor | 5,597,588,789.97 | 6,295,843,787.05 |
| Net increase of customer deposit and deposit from other banks | ||
| Net increase of borrowings from central bank | ||
| Net increase of borrowing funds from other financial institutions | ||
| Cash from obtaining original insurance contract premium | ||
| Cash received from insurance premium of original insurance contract | ||
| Net increase of deposit and investment of insured | ||
| Cash from interest, handling charges and commissions | ||
| Net increase of borrowing funds | ||
| Net increase of repurchase of business funds | ||
| Net cash from acting trading securities | ||
| Refund of tax and levies | 548,519.01 | 821,982.79 |
| Other cash received related to operating activities | 137,720,406.72 | 179,718,177.48 |
| Subtotal cash inflows from operating activities | 5,735,857,715.70 | 6,476,383,947.32 |
| Cash paid for selling commodities or offering labor | 2,348,446,926.51 | 2,745,280,576.69 |
| Net increase of customer loans and advances | ||
| Net increase of amount due from central bank and interbank | ||
| Cash paid for original insurance contract claims payment | ||
| Net increase of lending funds |
Page 28 of 32Cash paid for interest, handling charges andcommissions
| Cash paid for interest, handling charges and commissions | ||
| Cash paid for policy dividend | ||
| Cash paid to and for employees | 522,706,852.79 | 523,236,997.93 |
| Taxes and fees paid | 627,369,800.29 | 606,251,771.34 |
| Other cash paid related to operating activities | 1,202,119,273.35 | 1,400,953,957.63 |
| Subtotal cash outflows from operating activities | 4,700,642,852.94 | 5,275,723,303.59 |
| Net cash flow from operating activities | 1,035,214,862.76 | 1,200,660,643.73 |
| II. Cash flow from investment activities: | ||
| Cash from investment withdrawal | 2,487,500,000.00 | 2,221,397,302.46 |
| Cash from investment income | 72,410,430.17 | 72,135,686.92 |
| Net cash from disposal of fixed assets, intangible assets and other long-term assets | 517,944.71 | 150,287.23 |
| Net cash received from the disposal of subsidiaries and other business entities | ||
| Other cash received related to investment activities | ||
| Subtotal cash inflows from investment activities | 2,560,428,374.88 | 2,293,683,276.61 |
| Cash paid for the purchase and construction of fixed assets, intangible assets and other long term assets | 210,767,796.17 | 108,113,334.10 |
| Cash paid for investment | 1,578,500,000.00 | 2,775,000,000.00 |
| Net cash received from reinsurance business | ||
| Net cash paid for obtaining subsidiaries and other business units | 5,000,000.00 | |
| Other cash paid related to investment activities | 10,000,000.00 | |
| Subtotal cash outflows from investment activities | 1,794,267,796.17 | 2,893,113,334.10 |
| Net cash flow from investment activities | 766,160,578.71 | -599,430,057.49 |
| III. Cash flow from financing activities: | ||
| Receipts from equity securities | ||
| Including: Cash received from subsidies’ absorption of minority shareholders’ investment | ||
| Cash received from borrowings | ||
| Other cash received related to financing activities | ||
| Subtotal cash inflows from financing activities | ||
| Cash repayments of amounts borrowed | ||
| Cash paid for distribution of dividends or profits and for interest expenses | 759,219,240.00 | 711,774,618.75 |
Page 29 of 32
Including: Dividends and profits paid by subsidiaries tominority shareholders
| Including: Dividends and profits paid by subsidiaries to minority shareholders | ||
| Other cash paid related to financing activities | 83,011.50 | |
| Subtotal cash outflows from financing activities | 759,219,240.00 | 711,857,630.25 |
| Net cash flow from financing activities | -759,219,240.00 | -711,857,630.25 |
| IV. Impact of exchange rate movements on cash and cash equivalents | 777,298.72 | 873,122.97 |
| V. Net increase of cash and cash equivalents | 1,042,933,500.19 | -109,753,921.04 |
| Plus: Balance of cash and cash equivalents at the beginning of the period | 2,177,219,858.85 | 2,562,793,610.66 |
| VI. Balance of cash and cash equivalents at the beginning of the period | 3,220,153,359.04 | 2,453,039,689.62 |
8. Cash flow statement of parent company from the beginning of the year to the
end of the reporting period
Unit: yuan
| Item | Amount incurred in current period | Amount incurred in previous period |
| I. Cash flow from operating activities: | ||
| Cash from selling commodities or offering labor | 5,177,455,334.94 | 5,921,601,353.11 |
| Refund of tax and levies | ||
| Other cash received related to operating activities | 115,072,030.83 | 145,771,354.01 |
| Subtotal cash inflows from operating activities | 5,292,527,365.77 | 6,067,372,707.12 |
| Cash paid for selling commodities or offering labor | 2,258,792,791.19 | 2,705,690,831.41 |
| Cash paid to and for employees | 408,109,017.82 | 419,964,548.20 |
| Taxes and fees paid | 566,307,011.96 | 549,632,416.57 |
| Other cash paid related to operating activities | 1,025,411,970.55 | 1,180,706,529.66 |
| Subtotal cash outflows from operating activities | 4,258,620,791.52 | 4,855,994,325.84 |
| Net cash flow from operating activities | 1,033,906,574.25 | 1,211,378,381.28 |
| II. Cash flow from investment activities: | ||
| Cash from investment withdrawal | 2,130,000,000.00 | 2,221,397,302.46 |
| Cash from investment income | 67,438,891.61 | 72,135,686.92 |
| Net cash from disposal of fixed assets, intangible assets and other long-term assets | 517,944.71 | 150,287.23 |
| Net cash received from the disposal of subsidiaries and other business entities |
Page 30 of 32Other cash received related to investment activities
| Other cash received related to investment activities | ||
| Subtotal cash inflows from investment activities | 2,197,956,836.32 | 2,293,683,276.61 |
| Cash paid for the purchase and construction of fixed assets, intangible assets and other long term assets | 194,211,274.34 | 107,410,121.49 |
| Cash paid for investment | 1,204,500,000.00 | 2,887,320,000.00 |
| Net cash paid for obtaining subsidiaries and other business units | 5,000,000.00 | |
| Other cash paid related to investment activities | 10,000,000.00 | |
| Subtotal cash outflows from investment activities | 1,403,711,274.34 | 3,004,730,121.49 |
| Net cash flow from investment activities | 794,245,561.98 | -711,046,844.88 |
| III. Cash flow from financing activities: | ||
| Receipts from equity securities | ||
| Cash received from borrowings | ||
| Other cash received related to financing activities | ||
| Subtotal cash inflows from financing activities | ||
| Cash repayments of amounts borrowed | ||
| Cash paid for distribution of dividends or profits and for interest expenses | 759,219,240.00 | 711,774,618.75 |
| Other cash paid related to financing activities | 83,011.50 | |
| Subtotal cash outflows from financing activities | 759,219,240.00 | 711,857,630.25 |
| Net cash flow from financing activities | -759,219,240.00 | -711,857,630.25 |
| IV. Impact of exchange rate movements on cash and cash equivalents | 777,331.45 | 873,049.89 |
| V. Net increase of cash and cash equivalents | 1,069,710,227.68 | -210,653,043.96 |
| Plus: Balance of cash and cash equivalents at the beginning of the period | 2,000,183,395.66 | 2,411,423,559.90 |
| VI. Balance of cash and cash equivalents at the beginning of the period | 3,069,893,623.34 | 2,200,770,515.94 |
II. Statement of adjustment to financial statements
1. Adjustment of relevant items in financial statements at the beginning of the implementation
year as a result of implementation of new financial instrument standards, new incomestandards and new release standards from 2019
√Applicable □ Not applicable
Consolidated Balance Sheet
Unit: yuan
Page 31 of 32
Item
| Item | December 31, 2018 | January 01, 2019 | Adjusted figure |
| Available-for-sale financial assets | 119,948,534.00 | 0.00 | -119,948,534.00 |
| Other equity instrument investments | 0.00 | 119,948,534.00 | 119,948,534.00 |
Balance sheet of parent company
Unit: yuan
| Item | December 31, 2018 | January 01, 2019 | Adjusted figure |
| Available-for-sale financial assets | 119,948,534.00 | 0.00 | -119,948,534.00 |
| Other equity instrument investments | 0.00 | 119,948,534.00 | 119,948,534.00 |
2. Retrospective adjustment of early comparative data description as a result of
implementation of new financial instrument standards or new release standards from 2019
√Applicable □ Not applicable
The Company designates some non-transactional equity investments to be held on and after January 1, 2019 as thefinancial assets measured at fair value of which changes are recorded into other comprehensive income, and presentedas other equity instrument investments.On the first implementation date, the book value of the original financial assets is adjusted to a reconciliation statement ofthe book value of the new financial assets classified and measured in accordance with the new financial instrumentstandards.Impact on consolidated financial statements
| Item | December 31, 2018 (Before change) | Reclassification | Remeasurement | January 01, 2019 (After change) |
| Available-for-sale financial assets (original standards) | 119,948,534.00 | |||
| Less: those transferred to other equity instrument investments | 119,948,534.00 | |||
| Other equity instrument investments | ||||
| Plus: those transferred from available-for-sale financial assets (original standards) | 119,948,534.00 | |||
| Amount presented according to new financial instrument standards | 119,948,534.00 |
Impact on the Company’s financial statements
Page 32 of 32
Item
| Item | December 31, 2018 (Before change) | Reclassification | Remeasurement | January 01, 2019 (After change) |
| Available-for-sale financial assets (original standards) | 119,948,534.00 | |||
| Less: those transferred to other equity instrument investments | 119,948,534.00 | |||
| Other equity instrument investments | ||||
| Plus: those transferred from available-for-sale financial assets (original standards) | 119,948,534.00 |
| Amount presented according to new financial instrument standards | 119,948,534.00 |
III. Audit Report
Whether the third quarter report is audited
□Yes √No
The Company's third quarter report is unaudited.