Sino Great Wall Co., Ltd. The First Quarterly Report 2018
Sino Great Wall Co., Ltd.
The First Quarterly Report 2018
April 2018
Sino Great Wall Co., Ltd. The First Quarterly Report 2018
1 Important Notice
The Board of Directors ,Supervisory Committee, all directors, supervisors and senior executives of the Company
hereby guarantees that there are no misstatement, misleading representation or important omissions in this report
and shall assume joint and several liability for the authenticity, accuracy and completeness of the contents hereof.
All the directors attended the board meeting for reviewing the Quarterly Report.
Mr.Chen Lue, Person in charge of the Company, Mr.Tang Xianyong, Chief financial officer and the Mr. Tang
Xianyong, the person in charge of the accounting department (the person in charge of the accounting )hereby
confirm the authenticity and completeness of the financial report enclosed in this Quarterly Report .
II. Basic information about the company
(1)Main financial data and financial index
Indicate by tick mark whether the Company needs to retroactively restate any of its accounting data.
□ Yes √ No
Changes of this period over
This period Same period of last year same period of last year
(%)
Operating income(Yuan) 923,442,740.92 1,059,865,573.83 -12.87%
Net profit attributable to the shareholders
218,523,628.75 99,029,586.64 120.66%
of the listed company(Yuan)
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of 59,559,955.14 99,029,586.64 -39.86%
listed company(Yuan)
Cash flow generated by business operation,
809,676,459.22 -447,147,216.26 281.08%
net(Yuan)
Basic earning per share(Yuan/Share) 0.1287 0.0583 120.75%
Diluted gains per share(Yuan/Share) 0.1287 0.0583 120.75%
Weighted average return on equity(%) 9.69% 5.44% 4.25%
Changes of this period-end
End of this period End of last period
over same period-end of last
Sino Great Wall Co., Ltd. The First Quarterly Report 2018
year(%)
Gross assets(Yuan) 11,806,550,835.12 11,667,845,186.30 1.19%
Net assets attributable to the shareholders
2,359,913,659.75 2,151,482,467.52 9.69%
of the listed company(Yuan)
Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RMB
Amount from beginning of
Items the year to the end of the Notes
report period
Income equal to the amount by which investment costs for the
The main reason is the
Company to obtain subsidiaries, associates and joint ventures are
88,485,792.54 acquisition of Acura Kliniken
lower than the Company’s enjoyable fair value of identifiable net
Baden-Baden GmbH Co., Ltd.
assets of investees when making investments
The main reason is the receipt of
Other gains and losses that meet definition of nonrecurring
113,437,382.46 compensation from Hualian
gain/loss
Development Group Co., Ltd.
Less: Amount of influence of income tax 42,959,501.39
Total 158,963,673.61 --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on
information disclosure for Companies Offering their Securities to the Public-Non-recurring Gains and Losses and
its non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on information Disclosure
for Companies offering their securities to the public-non-recurring Gains and losses which have been defined as
recurring gains and losses, it is necessary to explain the reason.
□ Applicable√ Not applicable
None of Non-recurring gain /loss items recognized as recurring gain /loss/items as defined by the information
disclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.
Sino Great Wall Co., Ltd. The First Quarterly Report 2018
II.Total Shareholders and Shares Held by Top Ten Shareholders at the End of the Reporting Period
1. About Total Common Shareholders, Total Preference Shareholders with the Voting Power Recovered and the
Shares Held by Top Ten Common Shareholders
In shares
Total preference shareholders with
Total number of common
67,825 the voting power recovered at the
shareholders at the period-end
end of the reporting period(if any)
Shares held by the top 10 shareholders
Amount of Pledging or freezing
Properties of Share tradable shares
Shareholder name Quantity Status of the
shareholder proportion % with Conditional Quantity
shares
held
Domestic Natural
Chen Lue 34.36% 583,454,556 581,340,196 Pledge 543,576,594
person
STYLE-SUCCES Foreign legal
5.47% 92,970,910
S LIMITED person
Domestic Non-
Union Holdings
State-owned legal 5.18% 87,935,921
Co., Ltd.
person
Domestic Natural
He Feiyan 3.23% 54,800,458 54,800,458
person
Jiutai Fund-
Bank of
Communications
-Jiutai Huitong Other 2.50% 42,479,672 42,479,672
No.2 specific
customer asset
management plan
Bohai
International
Trust Co., Ltd.
-Bohai Other 1.69% 28,708,000
Trust205
Henglifeng
Single fund trust
Rich Crown
Foreign legal
Investment Co., 1.37% 23,235,313
person
Ltd.
Huatai Securities Huatai Securities
1.01% 17,128,720
Co., Ltd. Co., Ltd.
Sino Great Wall Co., Ltd. The First Quarterly Report 2018
Qinghai Heyi
Domestic Non-
Industry
State-owned legal 0.79% 13,357,084 0 Pledge 13,357,000
Development
person
Co., Ltd.
Domestic Natural
Song Wenguang 0.55% 9,278,581
person
Shareholding of top 10 shareholders of unrestricted shares
Quantity of unrestricted shares held at the end of the Share type
Name of the shareholder
reporting period Share type Quantity
Foreign shares
placed in
STYLE-SUCCESS LIMITED 92,970,910 92,970,910
domestic
exchange
RMB Common
Union Holdings Co., Ltd. 87,935,921 87,935,921
shares
Bohai International Trust Co., Ltd.
RMB Common
-Bohai Trust205 Henglifeng 28,708,000 28,708,000
shares
Single fund trust
Foreign shares
placed in
Rich Crown Investment Co., Ltd. 23,235,313 23,235,313
domestic
exchange
RMB Common
Huatai Securities Co., Ltd. 17,128,720 17,128,720
shares
Qinghai Heyi Industry Development RMB Common
13,357,084 13,357,084
Co., Ltd. shares
Foreign shares
placed in
Song Wenguang 9,278,581 9,278,581
domestic
exchange
RMB Common
Cai Yu 9,000,000 9,000,000
shares
RMB Common
Huang Huaian 8,507,000 8,507,000
shares
RMB Common
Zhang Xubao 8,424,300 8,424,300
shares
Mr. Chen Lue and Ms. He Feiyan are the unanimous persons; Union Development Group
Explanation on associated
Co., Ltd..is the controlling shareholder of the Above –mentioned shareholder Union Holdings
relationship or concerted action of
Co., Ltd. And Rich Grown Investment Co., Ltd.. Holding Co., Ltd. and Rich Crown
the above shareholders
Investment Co., Ltd., The other tradable shareholders neither knew whether there exists
Sino Great Wall Co., Ltd. The First Quarterly Report 2018
associated relationship between them.
Note to the top 10 common
stockholders involved in margin
Nil
financing & securities lending (If
any)
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a
buy-back agreement dealing in reporting period.
□ Yes √ No
Mr.Huang Huaian, an unlimited-sales condition shareholder, agreed on the buy-back of 1,493,000 shares-which
accounts for 0.0879%.
2.Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of
the report period
□ Applicable √Not applicable
Sino Great Wall Co., Ltd. The First Quarterly Report 2018
II Significant Events
I. Major changes of main accounting statement items and financial indicators in the reporting period, as
well as reasons for the changes
√ Applicable □ Not applicable
Items This period/Year-end Same period of the Changes (%) Remarks on the change
balance previous
year/Year-beginning
balance
Notes receivable 168,722,253.97 288,201,562.88 -41.46% Mainly result from the maturity of the notes
Main result from the mobilization of a great
Advance Payment 515,501,256.41 225,208,527.88 128.90% number of PPP Projects
Mainly because the projects operation is
Inventory 374,186,902.06 556,839,325.50 -32.80% smooth, and the inventory is turned into cost
Project under Mainly result from the Expense of Purchasing
Construction 8,139,858.34 4,968,590.96 63.83% Overseas Tower cranes
Mainly result from the M&A of Acura
Fixed Asset 319,942,259.74 174,537,150.56 83.31% Kliniken Baden-Baden GmbH
Mainly result from the M&A of Acura
Intangible Asset 176,532,391.78 127,524,445.00 38.43% Kliniken Baden-Baden GmbH
Mainly result from the most Payment of this
Notes Payable 1,325,439,811.58 906,597,988.15 46.20% Period by Notes
Mainly result from the M&A of Acura
Predivted Liability 18,719,986.71 3,414,189.15 448.30% Kliniken Baden-Baden GmbH
Deferred Tax Mainly result from the M&A of Acura
Liability 40,689,117.48 26,088,961.71 55.96% Kliniken Baden-Baden GmbH
Finance Expense 92,188,683.69 49,367,053.47 86.74% Mainly from the Increased Loan from bank
Asset Impairment Mainly result from the Good Payment from
Loss 7,032,450.06 21,815,009.43 -67.76% Client in this Period
Mainly result from the Land Compensation
Non-operatiing 2,443,115.85 from Hualian and the Added Value of
Revenue 188,488,727.79 7,714.78 % Germany Baden Hospital
Net Cash Flow from Mainly result from the project’s smooth
Operating Activity 809,676,459.22 -447,147,216.26 281.08% operation and good payment from client.
Net Cash flow from -624,966,136.18 182,667,608.55 -442.13% Mainly result from the No. of repayment is
Sino Great Wall Co., Ltd. The First Quarterly Report 2018
Financing Activity more of this Period.
II. The progress of significant events and influence, as well as the analysis and explanation on resolving
proposal.
√ Applicable □ Not applicable
1. October 2015, the company implemented the Plan of Major Asset Replacement and Issuance of Shares to
Purchase the Asset Namely the Related Transaction and Raising the Matching Funds, but the land-that’s located
in Shenzhen Nanshan Nanyou Industrial Zone with the Land No. of T104-0054 and the total area of 20,032.1
square meters- and its above-ground buildings were not included in the evaluation scope of the major asset
restructuring. In order to properly resolve the subsequent issues related to the land in this restructuring, during the
reporting period, the Company-Union Development Group Co., Ltd and Mr. Chen Lue successively signed the
“Framework Agreement on the Subsequent Matters after the Period for the Major Asset Restructuring of
Shenzhen Victor Onward Textile Industrial Co., Ltd.”. The \"Economic Compensation Agreement for Subsequent
Matters after the Period for the Major Asset Restructuring of Shenzhen Victor Onward Textile Industrial Co.,
Ltd.\" and the \"Supplementary Agreement on the Economic Compensation Agreement for Subsequent Matters
after the Period for the Major Asset Restructuring of Shenzhen Victor Onward Textile Industrial Co., Ltd.\", and
fulfilled the necessary review procedures for information disclosure obligations. On March 29, 2018, the
Company received the economic compensation of RMB 100 million from Shenzhen Union Development
Investment Co., Ltd designated by Union Development Group in connection to the above-mentioned matters.
Description of the website for disclosing provisional
Overview of material matters Date of disclosing
announcements
http://www.cninfo.com.cn:Announcement (after correction) on
Voluntary Information Disclosure Concerning Union
February 24,2018
Development Group Co., Ltd Giving Compensation about RMB
100 million (Announcement No.:2018-029)
http://www.cninfo.com.cn:Announcement of Resolutions of the
Union Development Group Co., Ltd pays 30th Meeting of the Seventh Board of Directors(Announcement
compensation of RMB 100 million to the No.:2018-36), Announcement on Signing the Economic
March 13,2018
company Compensation Agreement and Changes in the Shareholder's
Commitment Namely the Related Transaction(Announcement
No.:2019-038)
http://www.cninfo.com.cn:Announcement of Resolutions of the
March 19,2018 First provisional shareholders of 2018(Announcement
No.:2018-050)
2. On March 15th, 2018, the Baden Court made a ruling that the Bankruptcy Proceedings of Acura Kliniken
Baden-Baden GmbH has ended officially. And in the reporting Period, the Company will consolidate it into
Finance Statement based on its fair value, which increases the non-operating revenue.
Sino Great Wall Co., Ltd. The First Quarterly Report 2018
III. Commitments finished in implementation by the Company, shareholders, actual controller, acquirer,
directors, supervisors, senior executives or other related parties in the reporting period and commitments
unfinished in implementation at the end of the reporting period
□ Applicable□√ Not applicable
The Company has no commitments completed in Period and those without completed till end of the Period from actual controller,
shareholders, related parties, purchaser and companies.
IV.Prediction of Business performance for January- June 2018
Estimation of accumulative net profit from the beginning of the year to the end of next report period to be loss
probably or the warning of its material change compared with the corresponding period of the last year and
explanation of reason.
□ Applicable□√ Not applicable
V. Investment in securities
□ Applicable √ Not applicable
No securities investment in period.
VI. Investments in derivatives
□ Applicable √ Not applicable
There is no derivative investment during the report period.
VII. The registration form of acceptance of investigation, communication and interview in the report
period for future reference
√Applicable□ Not applicable
Reception time Way of reception Types of visitors Basic index
The interactive relation with the
investors on Shenzhen Stock Exchange
March 8,2018 Onsite investigation Organization platform about Sino Great Wall Co., Ltd:
Record of the investors relations
activities on March 8, 2018.
VIII. External guarantee get out of line
□ Applicable √Not applicable
The Company has no external guarantee get out of the line in the Period
Sino Great Wall Co., Ltd. The First Quarterly Report 2018
IX. Controlling shareholder and its related parties occupying non-business capital of the listed company
□ Applicable √Not applicable
There are no controlling shareholder and its related parties occupying non-business capital of the listed company
in Period
Sino Great Wall Co., Ltd. The First Quarterly Report 2018
IV. Financial Statement
I. Financial statement
1. Consolidated balance sheet
Prepared by:Sino Great Wall Co., Ltd.
March 31,2018
In RMB
Items At the end of term Beginning of term
Current asset:
Monetary fund 1,636,762,450.39 1,604,973,916.12
Settlement provision
Outgoing call loan
Financial assets measured at fair
value with variations accounted into
current income account
Derivative financial assets
Notes receivable 168,722,253.97 288,201,562.88
Account receivable 5,591,716,105.14 5,706,675,244.08
Prepayments 515,501,256.41 225,208,527.88
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Interest receivable
Dividend receivable
Other account receivable 1,821,090,071.66 1,674,675,360.28
Repurchasing of financial assets
Inventories 374,186,902.06 556,839,325.50
Assets held for sales
Non-current asset due in 1 year
Other current asset 20,818,875.21 17,126,911.05
Total of current assets 10,128,797,914.84 10,073,700,847.79
Sino Great Wall Co., Ltd. The First Quarterly Report 2018
Non-current assets:
Loans and payment on other’s behalf
disbursed
Disposable financial asset 10,338,500.00 10,338,500.00
Expired investment in possess
Long-term receivable 14,328,557.82 14,328,557.82
Long term share equity investment
Property investment
Fixed assets 319,942,259.74 174,537,150.56
Construction in progress 8,139,858.34 4,968,590.96
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 176,532,391.78 127,524,445.00
R & D petrol
Goodwill 57,769,954.64 64,494,271.55
Long-germ expenses to be amortized 11,590,609.38 10,124,913.15
Deferred income tax asset 117,605,436.00 118,233,337.36
Other non-current asset 961,505,352.58 1,069,594,572.11
Total of non-current assets 1,677,752,920.28 1,594,144,338.51
Total of assets 11,806,550,835.12 11,667,845,186.30
Current liabilities
Short-term loans 3,086,028,831.97 3,477,200,420.55
Loan from Central Bank
Deposit received and hold for others
Call loan received
Financial liabilities measured at fair
value with variations accounted into
current income account
Derivative financial liabilities
Notes payable 1,325,439,811.58 906,597,988.15
Account payable 1,710,633,582.91 1,719,579,087.62
Advance payment 174,174,308.95 146,379,852.67
Selling of repurchased financial assets
Sino Great Wall Co., Ltd. The First Quarterly Report 2018
Fees and commissions receivable
Employees’ wage payable 32,693,613.78 21,911,542.07
Tax payable 398,179,225.58 357,445,477.71
Interest payable 15,377,203.19 16,105,263.85
Dividend payable
Other account payable 459,301,387.88 520,965,421.13
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Liabilities held for sales
Non-current liability due in 1 year 591,052,590.16 820,422,471.45
Other current liability 112,515,215.80 121,529,600.95
Total of current liability 7,905,395,771.80 8,108,137,126.15
Non-current liabilities:
Long-term loan 954,444,875.76 843,092,471.02
Bond payable 345,000,000.00 345,000,000.00
Including:preferred stock
Sustainable debt
Long-term payable 62,685,524.71 81,945,567.86
Long-term payable employees’s
remuneration
Special payable
Expected liabilities 18,719,986.71 3,414,189.15
Deferred income
Deferred income tax liability 40,689,117.48 26,088,961.71
Other non-current liabilities
Total non-current liabilities 1,421,539,504.66 1,299,541,189.74
Total of liability 9,326,935,276.46 9,407,678,315.89
Owners’ equity
Share capital 1,698,245,011.00 1,698,245,011.00
Other equity instrument
Including:preferred stock
Sustainable debt
Sino Great Wall Co., Ltd. The First Quarterly Report 2018
Capital reserves -1,299,349,701.74 -1,299,349,701.74
Less:Shares in stock
Other comprehensive income -447,011.87 858,242.13
Special reserves 155,443,895.67 164,231,078.18
Surplus reserves 84,394,441.23 84,394,441.23
Common risk provision
Undistributed profit 1,721,627,025.46 1,503,103,396.72
Total of owner’s equity belong to the
2,359,913,659.75 2,151,482,467.52
parent company
Minority shareholders’ equity 119,701,898.91 108,684,402.89
Total of owners’ equity 2,479,615,558.66 2,260,166,870.41
Total of liabilities and owners’ equity 11,806,550,835.12 11,667,845,186.30
Legal Representative: Chen Lue Person in charge of accounting:Tang Xianyong Accounting Dept Leader: Tang Xianyong
2.Parent Company Balance Sheet
In RMB
Items At the end of term Beginning of term
Current asset:
Monetary fund 373,269,295.69 407,959,304.60
Financial assets measured at fair value
with variations accounted into current
income account
Derivative financial assets
Notes receivable
Account receivable
Prepayments 4,264,166.67 3,865,500.01
Interest receivable
Dividend receivable 100,000,000.00 100,000,000.00
Other account receivable 3,347,985,803.76 3,590,967,483.22
Inventories
Assets held for sales
Non-current asset due in 1 year
Other current asset 2,317,250.17 2,175,646.45
Total of current assets 3,827,836,516.29 4,104,967,934.28
Non-current assets:
Sino Great Wall Co., Ltd. The First Quarterly Report 2018
Disposable financial asset
Expired investment in possess
Long-term receivable
Long term share equity investment 3,311,211,536.66 3,311,211,536.66
Property investment 53,943.99 52,246.48
Fixed assets
Construction in progress
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets
R & D petrol
Goodwill
Long-germ expenses to be amortized 126,213.65 168,284.84
Deferred income tax asset
Other non-current asset 550,524,570.00 550,524,570.00
Total of non-current assets 3,861,916,264.30 3,861,956,637.98
Total of assets 7,689,752,780.59 7,966,924,572.26
Current liabilities
Short-term loans 2,027,270,000.00 2,287,870,000.00
Financial liabilities measured at fair
value with variations accounted into
current income account
Derivative financial liabilities
Notes payable 547,227,578.11 537,227,578.11
Account payable
Advance payment
Employees’ wage payable 3,166,232.62 1,580,335.12
Tax payable 114,135,019.88 97,124,633.81
Interest payable 12,015,092.53 13,002,236.21
Dividend payable
Other account payable 433,584,506.31 379,420,427.54
Classified as held for sale debt
Non-current liability due in 1 year 550,000,000.00 700,000,000.00
Sino Great Wall Co., Ltd. The First Quarterly Report 2018
Other current liability
Total of current liability 3,687,398,429.45 4,016,225,210.79
Non-current liabilities:
Long-term loan 800,000,000.00 800,000,000.00
Bond payable 100,000,000.00 100,000,000.00
Including:preferred stock
Sustainable debt
Long-term payable
Long-term payable to employees
Special payable
Expected liabilities
Deferred income
Deferred income tax liability
Other non-current liabilities
Total of Non-current liabilities 900,000,000.00 900,000,000.00
Total of liability 4,587,398,429.45 4,916,225,210.79
Owners’ equity
Share capital 1,698,245,011.00 1,698,245,011.00
Other equity instrument
Including:preferred stock
Sustainable debt
Capital reserves 1,237,956,472.37 1,237,956,472.37
Less:Shares in stock
Other comprehensive income
Special reserves
Surplus reserves 26,309,287.00 26,309,287.00
Undistributed profit 139,843,580.77 88,188,591.10
Total of owners’ equity 3,102,354,351.14 3,050,699,361.47
Total of liabilities and owners’ equity 7,689,752,780.59 7,966,924,572.26
3.Consolidated Income statement
In RMB
Items Amount in this period Amount in last period
I. Income from the key business 923,442,740.92 1,059,865,573.83
Sino Great Wall Co., Ltd. The First Quarterly Report 2018
Incl:Business income 923,442,740.92 1,059,865,573.83
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 870,627,801.52 935,317,023.20
Incl:Business cost 694,723,215.49 792,699,521.00
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net amount provided as insurance
contract reserves
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 623,963.17 654,554.35
Sales expense 2,926,234.68 5,524,280.43
Administrative expense 73,133,254.43 65,256,604.52
Financial expenses 92,188,683.69 49,367,053.47
Asset impairment loss 7,032,450.06 21,815,009.43
Add:Gains from change of fir value
(“-”for loss)
Investment gain(“-”for loss) 13,838,400.15
Incl: investment gains from affiliates
Gains from currency exchange(“-”for
loss)
Assets disposal income
Other income
III. Operational profit(“-”for loss) 66,653,339.55 124,548,550.63
Add :Non-operational income 188,488,727.79 7,714.78
Less:Non business expenses 403,952.94 377,750.50
IV.Total profit(“-”for loss) 254,738,114.40 124,178,514.91
Less:Income tax expenses 35,955,549.44 24,934,478.63
V. Net profit 218,782,564.96 99,244,036.28
(1) Categorized by going concern
(2) Termination of operating net profit
Sino Great Wall Co., Ltd. The First Quarterly Report 2018
Net profit attributable to the owners of
218,523,628.75 99,029,586.64
parent company
Minority shareholders’ equity 258,936.21 214,449.64
VI. Other comprehensive income -1,305,254.00
Net of profit of other comprehensive inco
me attributable to owners of the parent co -1,305,254.00
mpany.
(I)Other comprehensive income items
that will not be reclassified into
gains/losses in the subsequent accounting
period
1.Re-measurement of defined benefit pla
ns of changes in net debt or net assets
2.Other comprehensive income under the
equity method investee can not be reclass
ified into profit or loss.
(II)
Other comprehensive income that will be -1,305,254.00
reclassified into profit or loss.
1.Other comprehensive income under the
equity method investee can be reclassifie
d into profit or loss.
2.Gains and losses from changes in fair v
alue available for sale financial assets
3.Held-to-maturity investments reclassifi
ed to gains and losses of available for sal
e financial assets
4.The effective portion of cash flow hedg
es and losses
5.Translation differences in currency fina
-1,305,254.00
ncial statements
6.Other
Net of profit of other comprehensive inco
me attributable to Minority shareholders’
equity
VII. Total comprehensive income 217,477,310.96 99,244,036.28
Total comprehensive income attributable
217,218,374.75 99,029,586.64
to the owner of the parent company
Sino Great Wall Co., Ltd. The First Quarterly Report 2018
Total comprehensive income
258,936.21 214,449.64
attributable minority shareholders
VIII. Earnings per share
(I)Basic earnings per share 0.1287 0.0583
(II)Diluted earnings per share 0.1287 0.0583
Legal Representative: Chen Lue Person in charge of accounting:Tang Xianyong Accounting Dept Leader: Tang Xianyong
4. Income statement of the Parent Company
In RMB
Items Amount in this period Amount in last period
I. Income from the key business 55,009.01 52,513.51
Less:Business cost 0.00 1,482.50
Business tax and surcharge 34,225.74
Sales expense 109,539.50
Administrative expense 10,136,461.91 4,263,917.99
Financial expenses 20,935,688.04 26,301,162.18
Asset impairment loss -55,784.12
Add:Gains from change of fir value
(“-”for loss)
Investment gain(“-”for loss)
Incl: investment gains from affiliates
Assets disposal income
Other income
II. Operational profit(“-”for loss) -31,126,680.44 -30,492,490.78
Add :Non-operational income 100,000,000.00
Less:Non business expenses
III.Total profit(“-”for loss) 68,873,319.56 -30,492,490.78
Less:Income tax expenses 17,218,329.89
IV. Net profit 51,654,989.67 -30,492,490.78
(1) Categorized by going concern
(2) Termination of operating net profit
V.Net of profit of other comprehensive i
ncome
(I)Other comprehensive income
items that will not be reclassified into
Sino Great Wall Co., Ltd. The First Quarterly Report 2018
gains/losses in the subsequent
accounting period
1.Re-measurement of defined benefit pl
ans of changes in net debt or net assets
2.Other comprehensive income under th
e equity method investee can not be recl
assified into profit or loss.
( II )
Other comprehensive income that will b
e reclassified into profit or loss.
1.Other comprehensive income under th
e equity method investee can be reclassi
fied into profit or loss.
2.Gains and losses from changes in fair
value available for sale financial assets
3.Held-to-maturity investments reclassif
ied to gains and losses of available for s
ale financial assets
4.The effective portion of cash flow hed
ges and losses
5.Translation differences in currency fin
ancial statements
6.Other
VI. Total comprehensive income 51,654,989.67 -30,492,490.78
VII. Earnings per share:
(I)Basic earnings per share
(II)Diluted earnings per share
5. Consolidated Cash flow statement
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
1,294,892,259.80 726,566,936.82
rending of services
Net increase of customer deposits
and capital kept for brother company
Net increase of loans from central bank
Sino Great Wall Co., Ltd. The First Quarterly Report 2018
Net increase of inter-bank loans from
other financial bodies
Cash received against original
insurance contract
Net cash received from reinsurance
business
Net increase of client deposit and
investment
Net increase of the financial assets that
are measured at fair value and whose
movement is counted to the current
gain and loss
Cash received as interest, processing
fee and commission
Net increase of inter-bank fund
received
Net increase of repurchasing business
Tax returned
Other cash received from business
1,333,621,283.99 599,944,718.26
operation
Sub-total of cash inflow 2,628,513,543.79 1,326,511,655.08
Cash paid for purchasing of
747,305,288.81 760,452,839.85
merchandise and services
Net increase of client trade and
advance
Net increase of savings n central bank
and brother company
Cash paid for original contract claim
Cash paid for interest, processing fee
and commission
Cash paid for policy dividend
Cash paid to staffs or paid for staffs 71,204,092.00 82,485,393.58
Taxes paid 21,837,224.69 38,025,760.71
Other cash paid for business activities 978,490,479.07 892,694,877.20
Sub-total of cash outflow from
1,818,837,084.57 1,773,658,871.34
business activities
Cash flow generated by business
809,676,459.22 -447,147,216.26
operation, net
Sino Great Wall Co., Ltd. The First Quarterly Report 2018
II.Cash flow generated by investing
Cash received from investment
retrieving
Cash received as investment gains
Net cash retrieved from disposal of
fixed assets, intangible assets, and 1,960.00
other long-term assets
Net cash received from disposal of
3,400,000.00
subsidiaries or other operational units
Other investment-related cash received
Sub-total of cash inflow due to
3,401,960.00
investment activities
Cash paid for construction of fixed
assets, intangible assets and other 4,492,230.41 12,260,585.87
long-term assets
Cash paid as investment 54,979,539.65
Net increase of loan against pledge
Net cash received from subsidiaries
8,510,000.00 85,075,100.00
and other operational units
Other cash paid for investment
17,225,232.24
activities
Sub-total of cash outflow due to
85,207,002.30 97,335,685.87
investment activities
Net cash flow generated by investment -81,805,042.30 -97,335,685.87
III.Cash flow generated by financing
Cash received as investment 490,000.00
Incl: Cash received as investment from
490,000.00
minor shareholders
Cash received as loans 560,436,000.00 923,800,000.00
Cash received from bond placing
Other financing –related ash received
Sub-total of cash inflow from financing
560,926,000.00 923,800,000.00
activities
Cash to repay debts 1,088,885,108.28 706,432,013.86
Cash paid as dividend, profit, or
97,007,027.90 34,700,377.59
interests
Incl: Dividend and profit paid by
Sino Great Wall Co., Ltd. The First Quarterly Report 2018
subsidiaries to minor shareholders
Other cash paid for financing activities
Sub-total of cash outflow due to
1,185,892,136.18 741,132,391.45
financing activities
Net cash flow generated by financing -624,966,136.18 182,667,608.55
IV. Influence of exchange rate
alternation on cash and cash 314,848.72
equivalents
V.Net increase of cash and cash
103,220,129.46 -361,815,293.58
equivalents
Add: balance of cash and cash
647,222,590.48 934,607,672.48
equivalents at the beginning of term
VI ..Balance of cash and cash
750,442,719.94 572,792,378.90
equivalents at the end of term
6. Cash Flow Statement of the Parent Company
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
63,270.00
rending of services
Tax returned
Other cash received from business
2,464,952,362.37 1,238,183,948.95
operation
Sub-total of cash inflow 2,464,952,362.37 1,238,247,218.95
Cash paid for purchasing of
merchandise and services
Cash paid to staffs or paid for staffs 195,459.47 110,918.07
Taxes paid 221,143.85 113,130.96
Other cash paid for business activities 2,020,761,746.79 1,299,611,397.14
Sub-total of cash outflow from
2,021,178,350.11 1,299,835,446.17
business activities
Cash flow generated by business
443,774,012.26 -61,588,227.22
operation, net
II.Cash flow generated by investing
Cash received from investment
retrieving
Sino Great Wall Co., Ltd. The First Quarterly Report 2018
Cash received as investment gains
Net cash retrieved from disposal of
fixed assets, intangible assets, and
other long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash received
Sub-total of cash inflow due to
investment activities
Cash paid for construction of fixed
assets, intangible assets 65,440.00
and other long-term assets
Cash paid as investment
Net cash received from subsidiaries
90,075,100.00
and other operational units
Other cash paid for investment
activities
Sub-total of cash outflow due to
90,140,540.00
investment activities
Net cash flow generated by investment -90,140,540.00
III.Cash flow generated by financing
Cash received as investment
Cash received as loans 210,000,000.00 569,800,000.00
Cash received from bond placing
Other financing –related ash received
Sub-total of cash inflow from
210,000,000.00 569,800,000.00
financing activities
Cash to repay debts 620,000,000.00 470,000,000.00
Cash paid as dividend, profit, or
68,464,021.17 23,986,680.00
interests
Other cash paid for financing activities
Sub-total of cash outflow due to
688,464,021.17 493,986,680.00
financing activities
Net cash flow generated by financing -478,464,021.17 75,813,320.00
IV. Influence of exchange rate
alternation on cash and cash
equivalents
Sino Great Wall Co., Ltd. The First Quarterly Report 2018
V.Net increase of cash and cash
-34,690,008.91 -75,915,447.22
equivalents
Add: balance of cash and cash
99,547,899.86 168,691,344.34
equivalents at the beginning of term
VI ..Balance of cash and cash
64,857,890.95 92,775,897.12
equivalents at the end of term
II. Auditor’ report
Is the First Quarterly Report be audited?
□ Yes √No
The first Quarterly Report Not audited
Chairman of the board :Chen Lue
Sino Great Wall Co., Ltd.
April 27,2018