Stock Code: 002832 Stock Abbreviation: BYLF Announcement No.: 2022-042
BIEM.L.FDLKK GARMENT CO., LTD.
First Quarter Report 2022
Important Notice:
1. The Board of Directors and the Board of Supervisors of the Company and its directors, supervisors and senior managementwarrant that the information contained in this quarterly report is true, accurate and complete without any false records, misleadingstatements or material omissions, and they accept legal liability severally and jointly thereof.
2. The person in charge of the Company, the person in charge of accounting of the Company, and the person in charge of theaccounting department of the Company have declared that they warrant the truthfulness, accuracy and completeness of the financialstatements set out in this quarterly report.
3. Whether the First Quarter Report has been audited
□ Yes √ No
I. Main Financial Data(I) Main accounting data and financial indicatorsWhether the Company needs to perform retrospective adjustment or restatement of accounting data for previous years
□ Yes √ No
The Company and all members of the Board of Directors hereby guarantee the truthfulness,accuracy and completeness of the information disclosed, and there are no false records, misleadingstatements or material omissions.
| Current period | Same period of previous year | Changes over same period of previous year | |
| Revenue (RMB) | 810,420,572.37 | 622,634,600.78 | 30.16% |
| Net profit attributable to shareholders of the listed company (RMB) | 212,692,757.27 | 150,536,147.62 | 41.29% |
| Net profit attributable to shareholders of the listed company after deducting non-recurring profit and loss (RMB) | 201,656,919.76 | 145,396,952.74 | 38.69% |
| Net cash flow from operating activities (RMB) | 466,607,840.66 | 366,315,799.97 | 27.38% |
| Basic earnings per share (RMB/share) | 0.38 | 0.29 | 31.03% |
| Diluted earnings per share (RMB/share) | 0.38 | 0.28 | 35.71% |
| Weighted average return on net assets | 6.27% | 6.04% | 0.23% |
| End of current period | End of previous year | Changes over end of previous year | |
| Total assets (RMB) | 5,154,046,547.81 | 4,862,956,852.42 | 5.99% |
| Owner’s equity attributable to shareholders of the listed company (RMB) | 3,743,915,960.82 | 3,245,441,596.49 | 15.36% |
(II) Non-recurring items and amounts
√ Applicable □ Not applicable
Unit: RMB
| Item | Amount of current period | Description |
| Profits/losses from the disposal of non-current asset (including the write-off that accrued for impairment of assets) | -4,955.71 |
Governmental grants reckoned into current profits/losses (notincluding grants enjoyed in quota or ration according to nationalstandards, which are closely relevant to the company’s normalbusiness)
| 5,121,764.84 | ||
| Other non-operating revenue and expenses except for the aforementioned items | -988,647.31 | |
| Other profit and loss items that meet the definition of non-recurring profit and loss | 9,457,859.81 | |
| Less: Influence of income tax | 2,550,184.12 | |
| Total | 11,035,837.51 | -- |
Details of other profit and loss items that meet the definition of non-recurring profit and loss:
□ Applicable √ Not applicable
The Company has no other profit/loss items that qualified the definition of non-recurring profit/loss.Descriptions where the Company defines any non-recurring profit and loss items listed in the No. 1 Explanatory Announcement onInformation Disclosure of Companies Offering Securities to the Public—Non-recurring Profit and Loss as recurring profit and lossitems during the reporting period
□ Applicable √ Not applicable
The Company did not define any non-recurring profit and loss items listed in the No. 1 Explanatory Announcement on InformationDisclosure of Companies Offering Securities to the Public—Non-recurring Profit and Loss as recurring profit and loss items duringthe reporting period.(III) Changes of main accounting data and financial indicators, and reasons for the changes
√ Applicable □ Not applicable
| Item | December 31, 2022 (RMB) | December 31, 2021 (RMB) | Change ratio | Description |
Other non-current assets
| Other non-current assets | - | 1,833,508.45 | -100.00% | Mainly owing to the advance payments carried forward in the current period |
Employee benefitspayable
| Employee benefits payable | 83,658,370.57 | 64,027,461.27 | 30.66% | Mainly owing to the increase in sales performance in the current period |
| Taxes payable | 189,755,378.61 | 130,969,262.60 | 44.89% | Mainly owing to the increase in sales performance in the current period |
Bonds payable
| Bonds payable | - | 284,554,163.11 | -100.00% | Mainly owing to the conversion of convertible bonds into shares in the current period |
Other equity instruments
| Other equity instruments | - | 27,524,454.16 | -100.00% | Mainly owing to the conversion of convertible bonds into shares in the current period |
| Capital reserve | 893,544,757.34 | 600,470,446.15 | 48.81% | Mainly owing to the conversion of convertible bonds into shares in the current period |
Item
| Item | Amount of current period (RMB) | Amount of previous period (RMB) | Change ratio | Description |
Revenue
| Revenue | 810,420,572.37 | 622,634,600.78 | 30.16% | Mainly owing to the increase in sales performance in the current period |
Cost of revenue
| Cost of revenue | 198,651,846.91 | 145,941,906.93 | 36.12% | Mainly owing to the increase in sales performance in the current period |
Tax and surcharges
| Tax and surcharges | 7,706,269.83 | 5,429,793.36 | 41.93% | Mainly owing to the increase in sales performance and VAT payable in the current period |
| R&D expenses | 25,321,135.44 | 17,281,192.66 | 46.52% | Mainly owing to the increase in R&D investments in the current period |
Finance expenses
| Finance expenses | -3,076,152.10 | 3,498,916.84 | -187.92% | Mainly owing to the increase in interests on time deposits in the current period |
| Other income | 5,122,808.74 | 588,007.00 | 771.22% | Mainly owing to the increase in government grants received in the current period |
Investment income
| Investment income | 9,457,859.81 | 5,524,849.52 | 71.19% | Mainly owing to the increase in income from wealth management products in the current period |
Asset impairment loss
| Asset impairment loss | -11,685,476.98 | -6,891,519.29 | -69.56% | Mainly owing to the provision for inventory impairment in the current period |
| Income tax expenses | 47,081,807.86 | 33,007,892.61 | 42.64% | Mainly owing to the increase in profits in the current period |
| Current period (RMB) | Same period of previous year (RMB) | Changes over same period of previous year | Description |
Revenue
| Revenue | 810,420,572.37 | 622,634,600.78 | 30.16% | Mainly owing to the increase in sales performance in the current period |
| Net profit attributable to shareholders of the listed company | 212,692,757.27 | 150,536,147.62 | 41.29% | Mainly owing to the increase in sales performance in the current period |
| Net profit attributable to shareholders of the listed company after deducting non-recurring profit and loss | 201,656,919.76 | 145,396,952.74 | 38.69% | Mainly owing to the increase in sales performance in the current period |
II. Shareholder Information
(I) Total number of ordinary shareholders, number of preferred shareholders whose voting rights wereresumed and shareholdings of top 10 shareholders
Unit: share
| Total number of ordinary shareholders at the end of the reporting period | 8,480 | Total number of preferred shareholders whose voting rights were resumed at the end of the reporting period (if any) | 0 | |||||
| Shareholdings of top 10 shareholders | ||||||||
| Name of shareholder | Nature of shareholder | Shareholding percentage (%) | Number of shares | Restricted shares | Pledged, marked or frozen | |||
| Share status | Number | |||||||
| Xie Bingzheng | Domestic natural person | 37.88% | 216,170,800 | 162,128,100 | ||||
| Feng Lingling | Domestic natural person | 3.44% | 19,652,000 | |||||
| Shen Jindong | Domestic natural person | 3.44% | 19,652,000 | 14,739,000 | ||||
| National Social Security Fund Portfolio 103 | Others | 2.21% | 12,600,289 | |||||
| ICBC - GF Steady Growth Securities Investment Fund | Others | 2.02% | 11,500,000 | |||||
| Xie Ting | Domestic natural person | 2.00% | 11,403,195 | |||||
| Hong Kong Securities Clearing Co., Ltd. | Foreign legal person | 1.87% | 10,658,332 | |||||
| Xie Bingluan | Domestic natural | 1.69% | 9,627,254 | |||||
| person | ||||||
| Li Huiqiang | Domestic natural person | 1.68% | 9,563,797 | |||
| CCB - Guotai Health Equity Investment Fund | Others | 1.67% | 9,533,250 | |||
| Top 10 shareholders not subject to selling restrictions | ||||||
| Name of shareholder | Number of unrestricted shares | Type of shares | ||||
| Type of shares | Number | |||||
| Xie Bingzheng | 54,042,700 | RMB-denominated ordinary shares | 54,042,700 | |||
| Feng Lingling | 19,652,000 | RMB-denominated ordinary shares | 19,652,000 | |||
| National Social Security Fund Portfolio 103 | 12,600,289 | RMB-denominated ordinary shares | 12,600,289 | |||
| ICBC - GF Steady Growth Securities Investment Fund | 11,500,000 | RMB-denominated ordinary shares | 11,500,000 | |||
| Xie Ting | 11,403,195 | RMB-denominated ordinary shares | 11,403,195 | |||
| Hong Kong Securities Clearing Co., Ltd. | 10,658,332 | RMB-denominated ordinary shares | 10,658,332 | |||
| Xie Bingluan | 9,627,254 | RMB-denominated ordinary shares | 9,627,254 | |||
| Li Huiqiang | 9,563,797 | RMB-denominated ordinary shares | 9,563,797 | |||
| CCB - Guotai Health Equity Investment Fund | 9,533,250 | RMB-denominated ordinary shares | 9,533,250 | |||
| ICBC - ZO Value Hybrid Securities Investment Fund | 9,114,911 | RMB-denominated ordinary shares | 9,114,911 | |||
| Description on the related relationship or persons acting-in-concert arrangements among the above shareholders | Xie Bingzheng and Feng Lingling are husband and wife; Xie Bingzheng and Xie Ting are brothers; Xie Bingzheng, Feng Lingling, and Xie Ting are persons acting in concert. It is unknown to the Company whether other shareholders are related parties or parties acting in concert as stipulated in the Administrative Measures on Acquisition of Listed Companies. | |||||
| Description on the top 10 shareholders’ participation in margin trading and securities lending business (if any) | None | |||||
(II) Total number of preferred shareholders and shareholdings of top 10 preferred shareholders
□ Applicable √ Not applicable
III. Other Significant Matters
√ Applicable □ Not applicable
(I) Phase III Employee Stock Ownership PlanThe Company convened the 32nd meeting of the Third Board of Directors and 20th meeting of the Third Board of Supervisors onJanuary 13, 2021 and the 2021 First Extraordinary General Meeting of Shareholders on January 29, 2021. The meetings deliberatedand approved the Proposal on the Phase III Employee Stock Ownership Plan (Draft) and Its Summary and other relevant proposals.On February 27, 2021, the BIEM.L.FDLKK - Phase III Employee Stock Ownership Plan purchased total 6,494,626 shares of theCompany through centralized bidding in the secondary market. So far, the Phase III Employee Stock Ownership Plan has completed
share purchase, and the purchased shares will be locked in accordance with relevant provisions.On March 1, 2021, the Company published the Indicative Announcement on Expiry of the Lockup Period of the Phase III EmployeeStock Ownership Plan. The lockup period of the Phase III Employee Stock Ownership Plan has ended.As of the end of the reporting period, the Phase III Employee Stock Ownership Plan owns 6,494,626 shares of the Company,accounting for 1.14% of its total share capital. Shareholding of the Plan was not changed during the reporting period.(II) Convertible bondsThe Company convened the 9th meeting of the Fourth Board of Directors on January 24, 2022, which deliberated and approved theProposal on Early Call of “BIEM Convertible Bonds”. The Company decided to exercise the conditional call option and redeem all“BIEM convertible bonds” that are registered in the Shenzhen Branch of China Securities Depository and Clearing CorporationLimited and not converted into shares after the closing of the market on the redemption registration date at a price of bond face valueplus accrued interest of the current period. As at the market closing on February 22, 2022, still 3,058 “BIEM convertible bonds” werenot converted to shares, so the Company redeemed 3,058 bonds. At a call price of RMB100.42 per bond (face value plus currentaccrued interest; the interest rate of the period was 0.6% and the accrued interest included tax; the call price after tax deduction wassubject to the price approved by China Securities Depository and Clearing Corporation Limited), the Company paid totallyRMB307,084.36 for the redemption. The total face value of the redeemed “BIEM convertible bonds” is RMB305,800.00, accountingfor 0.04% of the total bonds issued. Upon completion, all the convertible bonds have been redeemed and the BIEM convertible bondswere delisted as they were no longer qualified for listing.IV. Quarterly Financial Statements(I) Financial statements
1. Consolidated balance sheet
Prepared by: BIEM.L.FDLKK GARMENT CO., LTD.
March 31, 2022
Unit: RMB
| Item | Balance at the end of the period | Balance at the beginning of the period |
| Current assets: | ||
| Monetary funds | 1,236,034,029.02 | 1,082,712,218.58 |
| Settlement reserve | ||
| Lending funds | ||
| Financial assets held for trading | 803,424,832.00 | 634,763,818.96 |
| Derivative financial assets | ||
| Notes receivable | ||
| Accounts receivable | 241,618,219.85 | 279,717,057.14 |
| Accounts receivable financing | ||
| Prepayments | 78,167,653.08 | 67,028,355.09 |
| Premium receivable | ||
| Reinsurance payables | ||
| Reinsurance contract reserves receivable |
| Other receivables | 70,278,308.55 | 89,889,485.22 |
| Including: Interest receivable | ||
| Dividends receivable | ||
| Financial assets held under resale agreements | ||
| Inventory | 653,556,657.48 | 660,214,219.41 |
| Contract assets | ||
| Assets held for sale | ||
| Non-current assets due within one year | ||
| Other current assets | 915,585,546.77 | 830,640,713.41 |
| Total current assets | 3,998,665,246.75 | 3,644,965,867.81 |
| Non-current assets: | ||
| Loans and advances | ||
| Debt investments | ||
| Other debt investments | ||
| Long-term receivable | ||
| Long-term equity investment | ||
| Investment in other equity instruments | 98,099,300.47 | 98,099,300.47 |
| Other non-current financial assets | ||
| Investment property | ||
| Fixed assets | 236,221,422.51 | 244,337,754.20 |
| Construction in progress | 144,548,909.77 | 148,165,548.36 |
| Productive biological assets | ||
| Oil & gas assets | ||
| Right-of-use assets | 356,403,897.11 | 407,448,654.74 |
| Intangible assets | 126,883,494.32 | 119,548,729.29 |
| Development expenses | ||
| Goodwill | ||
| Long-term deferred expenses | 94,259,923.32 | 105,243,120.55 |
| Deferred income tax assets | 98,964,353.56 | 93,314,368.55 |
| Other non-current assets | 1,833,508.45 | |
| Total non-current assets | 1,155,381,301.06 | 1,217,990,984.61 |
| Total assets | 5,154,046,547.81 | 4,862,956,852.42 |
| Current liabilities: | ||
| Short-term loans | ||
| Borrowings from PBC | ||
| Placements from banks and other financial institutions | ||
| Financial liabilities held for trading | ||
| Derivative financial liabilities | ||
| Notes payable | 27,790,788.24 | 38,098,527.79 |
| Accounts payable | 159,898,812.90 | 126,522,502.78 |
| Payments received in advance | ||
| Contract liabilities | 141,332,219.56 | 140,669,127.30 |
| Proceeds from financial assets sold under repo |
| Deposits from customers and interbank | ||
| Funds from securities trading agency | ||
| Funds from securities underwriting agency | ||
| Employee benefits payable | 83,658,370.57 | 64,027,461.27 |
| Taxes payable | 189,755,378.61 | 130,969,262.60 |
| Other payables | 57,004,519.51 | 55,878,486.28 |
| Including: Interests payable | ||
| Dividends payable | ||
| Service charge and commission payable | ||
| Reinsurance payable | ||
| Liabilities held for sale | ||
| Non-current liabilities due within one year | 189,538,362.09 | 197,019,114.42 |
| Other current liabilities | 347,641,995.58 | 328,630,853.34 |
| Total current liabilities | 1,196,620,447.06 | 1,081,815,335.78 |
| Non-current liabilities: | ||
| Insurance contract reserves | ||
| Long-term loans | ||
| Bonds payable | 284,554,163.11 | |
| Including: Preference shares | ||
| Perpetual bonds | ||
| Lease liabilities | 179,688,136.26 | 217,323,756.45 |
| Long-term payable | ||
| Long-term employee benefits payable | ||
| Provision | ||
| Deferred income | 30,000,000.00 | 30,000,000.00 |
| Deferred tax liabilities | 2,854,265.46 | 2,854,265.46 |
| Other non-current liabilities | ||
| Total non-current liabilities | 212,542,401.72 | 534,732,185.02 |
| Total liabilities | 1,409,162,848.78 | 1,616,547,520.80 |
| Owner’s equity: | ||
| Share capital | 570,707,084.00 | 550,326,712.00 |
| Other equity instruments | 27,524,454.16 | |
| Including: Preference shares | ||
| Perpetual bonds | ||
| Capital reserve | 893,544,757.34 | 600,470,446.15 |
| Less: Treasury shares | ||
| Other comprehensive income | -990,792.61 | -842,173.72 |
| Special reserves | ||
| Surplus reserves | 258,110,335.93 | 258,110,335.93 |
| General reserves | ||
| Retained earnings | 2,022,544,576.16 | 1,809,851,821.97 |
| Total equity attributable to owners of the parent company | 3,743,915,960.82 | 3,245,441,596.49 |
| Equities of minority shareholders | 967,738.21 | 967,735.13 |
| Total owner’s equity | 3,744,883,699.03 | 3,246,409,331.62 |
| Total liabilities and owners’ equity | 5,154,046,547.81 | 4,862,956,852.42 |
Legal representative: Xie Bingzheng Person in charge of accounting: Tang Xinqiao Person in charge of accountingdepartment: Chen Shaobing
2. Consolidated income statement
Unit: RMB
| Item | Incurred in the current period | Incurred in the prior period |
| I. Total Revenue | 810,420,572.37 | 622,634,600.78 |
| Including: Revenue | 810,420,572.37 | 622,634,600.78 |
| Interest income | ||
| Insurance premiums earned | ||
| Service charge and commission income | ||
| II. Costs and Expenses | 552,546,551.89 | 438,314,330.18 |
| Including: Cost of revenue | 198,651,846.91 | 145,941,906.93 |
| Interest expenses | ||
| Service charge and commission expenses | ||
| Surrender value | ||
| Net compensation expenses | ||
| Net appropriation of insurance reserve | ||
| Commissions on insurance policies | ||
| Reinsurance costs | ||
| Tax and surcharges | 7,706,269.83 | 5,429,793.36 |
| Selling expenses | 280,295,330.40 | 229,321,822.75 |
| Administrative expenses | 43,648,121.41 | 36,840,697.64 |
| R&D expenses | 25,321,135.44 | 17,281,192.66 |
| Finance expenses | -3,076,152.10 | 3,498,916.84 |
| Including: Interest fees | 5,972,669.50 | 7,197,666.07 |
| Interest income | 9,623,041.08 | 3,737,229.17 |
| Plus: Other income | 5,122,808.74 | 588,007.00 |
| Return on investment ("-" indicates loss) | 9,457,859.81 | 5,524,849.52 |
| Including: Return on investment in associates and joint ventures | ||
| Income from the derecognition of financial assets measured at amortized cost | ||
| Exchange gains ("-" indicates loss) | ||
| Gains from net exposure hedging ("-" indicates loss) | ||
| Gains from changes in fair value ("-" indicates loss) |
| Credit impairment losses ("-" indicates loss) | ||
| Asset impairment losses ("-" indicates loss) | -11,685,476.98 | -6,891,519.29 |
| Return on disposal of assets ("-" indicates loss) | ||
| III. Operating Profit ("-" indicates loss) | 260,769,212.05 | 183,541,607.83 |
| Plus: Non-operating revenue | 28,333.04 | 131,944.49 |
| Less: Non-operating expenses | 1,022,979.96 | 129,512.09 |
| IV. Total Profit ("-" indicates total loss) | 259,774,565.13 | 183,544,040.23 |
| Less: Income tax expense | 47,081,807.86 | 33,007,892.61 |
| V. Net Profit ("-" indicates net loss) | 212,692,757.27 | 150,536,147.62 |
| i. Classified by operation sustainability | ||
| 1. Net profit from continued operation ("-" indicates net loss) | 212,692,757.27 | 150,536,147.62 |
| 2. Net profit from discontinued operation ("-" indicates net loss) | ||
| ii. Classified by attribution of ownership | ||
| 1. Net profit attributable to owners of the parent company | 212,692,757.27 | 150,536,147.62 |
| 2. Minority shareholders’ profits and losses | ||
| VI. Net Amount of Other Comprehensive Income after Tax | ||
| Total other comprehensive after-tax net income attributable to owners of the parent company | ||
| i. Other comprehensive income not able to be reclassified into profit or loss | ||
| 1. Changes of remeasurement of the defined benefit plan | ||
| 2. Other comprehensive income that cannot be transferred into profit or loss under equity method | ||
| 3. Changes in fair value of investment in other equity instruments | ||
| 4. Changes in fair value of credit risk of the enterprise | ||
| 5. Others | ||
| ii. Other comprehensive income reclassified into profit or loss | ||
| 1. Other comprehensive income to be transferred into profit or loss under equity method | ||
| 2. Changes in fair value of other debt investments | ||
| 3. Financial assets reclassified into other comprehensive income | ||
| 4.Provision for credit impairment of other debt investments | ||
| 5. Reserve of cash flow |
| hedge | ||
| 6. Converted difference in foreign currency financial statements | ||
| 7. Others | ||
| Total other comprehensive after-tax net income attributable to minority shareholders | ||
| VII. Total Comprehensive Income | 212,692,757.27 | 150,536,147.62 |
| Total comprehensive income attributable to owners of the parent company | 212,692,757.27 | 150,536,147.62 |
| Total comprehensive income attributable to minority shareholders | ||
| VIII. Earnings per Share: | ||
| i. Basic earnings per share | 0.38 | 0.29 |
| ii. Diluted earnings per share | 0.38 | 0.28 |
For business combinations under common control in the reporting period, the net profit realized by the combined party before thecombination is: RMB; the net profit realized by the combined party in the previous period is: RMB.Legal representative: Xie Bingzheng Person in charge of accounting: Tang Xinqiao Person in charge of accountingdepartment: Chen Shaobing
3. Consolidated cash flow statement
Unit: RMB
| Item | Incurred in the current period | Incurred in the prior period |
| I. Cash Flows from Operating Activities: | ||
| Cash received from sale of goods or rendering of services | 884,641,760.13 | 742,495,207.03 |
| Net increase in deposits from customers, banks and non-bank financial institutions | ||
| Net increase in borrowings from central banks | ||
| Net increase in placements from other financial institutions | ||
| Cash received from the premium of direct insurance contracts | ||
| Net cash from reinsurance business | ||
| Net increase in deposits and investment of the insured | ||
| Cash obtained from interest, net fee and commission | ||
| Net increase in placements from banks and other financial institutions | ||
| Net increase in repo service fund | ||
| Net cash from agent securities trading | ||
| Tax rebates | ||
| Cash received related to other operating activities | 10,221,029.37 | 5,744,793.12 |
| Sub-total of cash inflow from operating activities | 894,862,789.50 | 748,240,000.15 |
| Cash paid for goods purchased and services rendered | 171,391,319.33 | 158,756,242.20 |
| Net loans and advances to customers | ||
| Net increase in deposits with the central bank, banks and non-bank financial institutions | ||
| Cash paid for claims of direct insurance contracts | ||
| Net increase in placements with banks and non-bank financial institutions | ||
| Cash paid for interest, fee and commission | ||
| Cash paid for dividends of the insured | ||
| Cash paid to and on behalf of employees | 102,483,386.38 | 89,722,937.81 |
| Payments of all types of taxes | 86,040,615.85 | 66,405,536.72 |
| Cash payments related to other operating activities | 68,339,627.28 | 67,039,483.45 |
| Sub-total of cash outflow from operating activities | 428,254,948.84 | 381,924,200.18 |
| Net cash flow from operating activities | 466,607,840.66 | 366,315,799.97 |
| II. Cash Flows from Investing Activities: | ||
| Cash received from recovery of investment | ||
| Cash received from the return on investments | 11,560,852.45 | 8,401,155.07 |
| Net cash received from the disposal of fixed assets, intangible assets, and other long-term assets | ||
| Net amount of cash received from the disposal of subsidiaries and other business entities | ||
| Cash received related to other investing activities | 1,380,000,000.00 | 1,200,000,000.00 |
| Sub-total of cash inflow from investing activities | 1,391,560,852.45 | 1,208,401,155.07 |
| Cash paid for the acquisition and construction of fixed assets, intangible assets, and other long-term assets | 94,444,318.49 | 6,628,181.11 |
| Cash paid for investments | ||
| Net increase in pledged loans | ||
| Net amount of cash paid for acquisition of subsidiaries and other business entities | ||
| Cash payments related to other investing activities | 1,580,000,000.00 | 1,150,000,000.00 |
| Sub-total of cash outflow from investing activities | 1,674,444,318.49 | 1,156,628,181.11 |
| Net cash flows from investing activities | -282,883,466.04 | 51,772,973.96 |
| III. Cash Flows from Financing Activities: |
| Cash received from capital contribution | ||
| Including: Proceeds received by subsidiaries from minority shareholders’ investment | ||
| Cash received from borrowings | ||
| Cash received related to other financing activities | 9,498,897.00 | |
| Sub-total of cash inflow from financing activities | 9,498,897.00 | |
| Cash paid for repayments of borrowings | ||
| Cash payment for interest expenses and distribution of dividends or profits | ||
| Including: Dividend and profit paid by subsidiaries to minority shareholders | ||
| Cash payments related to other financing activities | 35,496,927.12 | |
| Sub-total of cash outflow from financing activities | 35,496,927.12 | |
| Net cash flows from financing activities | -35,496,927.12 | 9,498,897.00 |
| IV. Effect of Exchange Rate Changes on Cash and Cash Equivalents | ||
| V. Net Increase in Cash and Cash Equivalents | 148,227,447.50 | 427,587,670.93 |
| Plus: Opening balance of cash and cash equivalents | 1,058,018,706.05 | 569,284,546.79 |
| VI. Closing Balance of Cash and Cash Equivalents | 1,206,246,153.55 | 996,872,217.72 |
(II) Report auditing
Whether the First Quarter Report has been audited
□ Yes √ No
The First Quarter Report of the Company has not been audited.
Board of Directors of BIEM.L.FDLKK Garment Co., Ltd.
April 16, 2022