Shenzhen Tellus Holding Co., Ltd.
First Quarterly Report 2019
April 2019
Section I. Important Notes
Board of Directors and the Supervisory Committee of Shenzhen Tellus HoldingCo., Ltd. (hereinafter referred to as the Company) and its directors, supervisorsand senior executives should guarantee the reality, accuracy and completion ofthe quarterly report, there are no any fictitious statements, misleadingstatements or important omissions carried in this report, and shall take legalresponsibilities, individual and/or joint.All Directors are attended the Board Meeting for Quarterly Report deliberation.Fu Chunlong, Person in charge of the Company, Lou Hong, person in charge ofaccounting works, and Liu Yuhong, person in charge of accounting organ(accounting officer) hereby confirm that the Financial Report of this QuarterlyReport is authentic, accurate and complete.
Section II. Company Profile
I. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data□ Yes √ No
| Current Period | Same period of last year | Changes of this period over same period of last year | |
| Operating income (RMB) | 119,469,426.49 | 92,099,937.58 | 29.72% |
| Net profit attributable to shareholders of the listed company (RMB) | 18,017,619.19 | 16,101,533.51 | 11.90% |
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (RMB) | 15,885,705.01 | 13,473,427.60 | 17.90% |
| Net cash flow arising from operating activities (RMB) | 2,986,868.23 | -8,305,634.44 | |
| Basic earnings per share (RMB/Share) | 0.0606 | 0.0542 | 11.81% |
| Diluted earnings per share (RMB/Share) | 0.0606 | 0.0542 | 11.81% |
| Weighted average ROE | 1.70% | 1.66% | 0.04% |
| At the end of the reporting period | At the end of last year | Changes of this period-end over same period-end of last year | |
| Total assets (RMB) | 1,654,362,251.54 | 1,658,295,531.00 | -0.24% |
| Net assets attributable to shareholder of listed company (RMB) | 1,068,227,156.54 | 1,050,209,537.35 | 1.72% |
Items of non-recurring gains and losses√ Applicable □ Not applicable
In RMB
| Item | Amount from year-begin to period-end | Note |
| Fund possession cost reckoned into current gains/losses charged from non-financial business | 18,749.99 | |
| Gains/losses from entrust investment or assets management | 2,526,615.06 | Financial income |
| Other non-operating income and expenditure except for the aforementioned items | -824,182.44 | |
| Less: Impact on income tax | 67,187.71 | |
| Impact on minority shareholders? equity (post-tax) | -477,919.28 |
| Total | 2,131,914.18 | -- |
Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for CompaniesOffering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according tothe lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering TheirSecurities to the Public --- Extraordinary Profit/loss, explain reasons□ Applicable √ Not applicableIn reporting period, the Company has no particular about items defined as recurring profit (gain)/loss according to the lists ofextraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities tothe Public --- Extraordinary Profit/loss
II. Total number of shareholders at the end of this report period and top ten shareholders
1. Number of common shareholders and preference shareholders with voting rights recovered and top tencommon shareholders
In shares
| Total number of common shareholders at the end of report period | 53,772 | Total preference shareholders with voting rights recovered at end of reporting period (if applicable) | 0 | |||||
| Top ten shareholders | ||||||||
| Shareholder?s name | Nature of shareholder | Proportion of shares held | Amount of shares held | Amount of restricted shares held | Number of share pledged/frozen | |||
| State of share | Amount | |||||||
| SHENZHEN SDG CO., LTD. | State-owned corporation | 49.09% | 145,925,256 | 0 | 0 | |||
| Shenzhen Zhiyuan Fuhai Jewelry Industry Investment Enterprises (limited partnership) | Domestic non-state-owned corporation | 20.87% | 62,030,104 | 0 | 0 | |||
| GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED | Foreign corporation | 0.40% | 1,197,304 | 0 | 0 | |||
| Li Guangxin | Domestic nature person | 0.26% | 761,161 | 0 | 0 | |||
| Agricultural Bank | Other | 0.24% | 716,341 | 0 | 0 | |||
| of China—CSI 500 Exchange Traded Funds | ||||||
| Ding Bingfang | Foreign nature person | 0.11% | 321,000 | 0 | 0 | |
| He Xing | Domestic nature person | 0.10% | 306,300 | 0 | 0 | |
| Xu Jie | Domestic nature person | 0.10% | 290,079 | 0 | 0 | |
| Zeng Huiming | Foreign nature person | 0.10% | 289,600 | 0 | 0 | |
| Huang Chuyun | Domestic nature person | 0.09% | 266,500 | 0 | 0 | |
| Top ten shareholders with unrestricted shares held | ||||||
| Shareholder?s name | Amount of unrestricted shares held | Type of shares | ||||
| Type | Amount | |||||
| SHENZHEN SDG CO., LTD. | 145,925,256 | RMB ordinary shares | 145,925,256 | |||
| Shenzhen Zhiyuan Fuhai Jewelry Industry Investment Enterprises (limited partnership) | 62,030,104 | RMB ordinary shares | 62,030,104 | |||
| GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED | 1,197,304 | Domestically listed foreign shares | 1,197,304 | |||
| Li Guangxin | 761,161 | Domestically listed foreign shares | 761,161 | |||
| Agricultural Bank of China—CSI 500 Exchange Traded Funds | 716,341 | RMB ordinary shares | 716,341 | |||
| Ding Bingfang | 321,000 | RMB ordinary shares | 321,000 | |||
| He Xing | 306,300 | Domestically listed foreign shares | 306,300 | |||
| Xu Jie | 290,079 | RMB ordinary shares | 290,079 | |||
| Zeng Huiming | 289,600 | Domestically listed foreign shares | 289,600 | |||
| Huang Chuyun | 266,500 | Domestically listed foreign shares | 266,500 |
| Explanation on associated relationship among the aforesaid shareholders | Among the top ten shareholders, there exists no associated relationship between the state-owned legal person?s shareholders Shenzhen SDG Co., Ltd and other shareholders, and they do not belong to the person acting in concert regulated by the Management Measure of Information Disclosure on Change of Shareholding for Listed Companies. For the other shareholders of circulation share, the Company is unknown whether they belong to the person acting in concert. | ||
| Explanation on top ten common shareholders involving margin business (if applicable) | N/A | ||
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreementdealing in reporting period□ Yes √ NoThe top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no buy-backagreement dealing in reporting period.
2. Total shareholders with preferred stock held and shares held by top ten shareholders with preferredstock held
□ Applicable √ Not applicable
Section III. Significant Events
I. Particulars about material changes in items of main accounting statement and financialindex and explanations of reasons
√ Applicable □ Not applicable
Balance sheetAsset
| Asset | Closing balance | Opening balance | Changes amount | Changes ratio | Reasons of changes |
| Monetary fund | 103,832,710.15 | 169,512,260.69 | -65,679,550.54 | -38.75% | Purchasing more financial products and projects loans are returned by Zhongtian Company |
| Accounts receivable | 97,458,548.16 | 86,104,660.51 | 11,353,887.65 | 13.19% | The credit payment for jewelry wholesale from subsidiary Sichuan Jewelry Company increased |
| Assets held for sale | 85,017,251.77 | 85,017,251.77 | |||
| Long-term equity investment | 229,021,637.91 | 224,644,766.21 | 4,376,871.70 | 1.95% | |
| Investment real estate | 497,507,669.66 | 503,922,413.70 | -6,414,744.04 | -1.27% |
| Fix assets | 110,748,337.80 | 112,674,017.53 | -1,925,679.73 | -1.71% | |
| Construction in process | 18,337,636.71 | 12,843,571.97 | 5,494,064.74 | 42.78% | Initial investment of the phase II of Shuibei Jewelry Building |
| Short-term loans | 144,000,000.00 | 143,000,000.00 | 1,000,000.00 | 0.70% | |
| Long-term loans | 4,000,000.00 | 34,934,887.55 | -30,934,887.55 | -88.55% | Projects loans are returned by Zhongtian Company |
| Advance receivable | 10,153,494.27 | 15,897,763.97 | -5,744,269.70 | -36.13% | The account received in advance for car sales are carry-forward to revenue by Huari Company | ||
| Other accounts payable | 252,815,597.31 | 250,489,094.47 | 2,326,502.84 | 0.93% | |||
| Profit statement | |||||||
| Item | Amount at this year | At same period of last year | Change amount | Changes ratio | Reasons of changes | ||
| Operating income | 119,469,426.49 | 92,099,937.58 | 27,369,488.91 | 29.72% | The phase I of Shuibei Jewelry Building was put into operation in September 2018, and expansion of the business scale from Sichuan | ||
Jewelry Company
Financialexpenses
| Financial expenses | 2,411,716.67 | 899,268.60 | 1,512,448.07 | 168.19% | Interest expenditure goes up with the bank loans increased on a y-o-y basis; and after completion of phase I of Shuibei Jewelry Building, the project transfer to fixed assets, and loan interest ceases capitalization which made the financial expenses increased |
| Investment income | 6,903,486.76 | 11,627,612.09 | -4,724,125.33 | -40.63% | The investment income from joint-stock enterprise decreased |
| Income tax | 676,399.30 | 324,626.80 | 351,772.50 | 108.36% | Operation profit increased from subordinated enterprise |
| Cash flow statement | |||||
| Item | Amount at this year | At same period of last year | Change amount | Changes ratio | Reasons of changes |
| Net cash flow arising from investment activity | -55,828,779.95 | -4,855,305.59 | -50,973,474.36 | Cash flow expenditure increased due to the increase of bank financial products in the year | |
| Net cash flow arising from financing activity | -12,837,638.82 | -4,526,673.83 | -8,310,964.99 | Repayment of loans in the period | |
| Net increased amount of cash and cash equivalent | -65,679,550.54 | -17,687,613.86 | -47,991,936.68 | ||
| Net cash flow arising from operating activities | 2,986,868.23 | -8,305,634.44 | 11,292,502.67 | The phase I of Shuibei Jewelry Building was put into operation in September 2018, the cash in-flow from operation increased |
II. Analysis and explanation of significant events and their influence and solutions
√Applicable □Not applicableSales of 43 percent equity of Shenzhen Xinglong Machinery Mould Co., Ltd.The 13
th
Extraordinary Meeting of 8
th
BOARD was held on 12 Dec. 2017 for deliberated and approved the proposal of Sales of 43percent equity of Shenzhen Xinglong Machinery Mould Co., Ltd., that is agree to sold out 43 percent equity of Shenzhen XinglongMachinery Mould Co., Ltd in way of public listing, with not less than the assets valuation value of 286,017,100 yuan. After sales, theCompany holds zero equity of Shenzhen Xinglong Machinery Mould Co., Ltd. Relevant content found more in Notice on Sales of 43percent equity of Shenzhen Xinglong Machinery Mould Co., Ltd. (Notice No.: 2017-095) released on Securities Times, Hong KongCommercial Daily and Juchao website (http://www.cninfo.com.cn).
On 26 March 2018, the 43 percent equity of Shenzhen Xinglong Machinery Mould Co., Ltd was listed on Shenzhen United PropertyExchange for transfer. Till expiration of the listing, according to trading result from Shenzhen United Property Exchange, ShenzhenRunhe United Investment Development Co., ltd.(hereinafter referred to as Runhe) comes to the final transferee of the asset transferwith price of 286.67 million yuan deal. The deposit 30 million yuan has paid to Shenzhen United Property Exchange by Runhe. On15 June 2018, the Company entered into a Contracts for the Transfer of State-owned Property Rights of Enterprise with Runhe,transfer 43 percent equity of Shenzhen Xinglong Machinery Mould Co., Ltd with 286.67 million yuan. Found more in the Notice onProgress of sale of the 43 percent equity of Shenzhen Xinglong Machinery Mould Co., Ltd. (Notice No.: 2018-040) released onSecurities Times, Hong Kong Commercial Daily and Juchao website (http://www.cninfo.com.cn).Up to the balance sheet date, the above mentioned equity transfer not yet completed .
| Summary of important issues | Date of disclosure | Website query index of interim report disclosure |
| Sales of 43 percent equity of Shenzhen Xinglong Machinery Mould Co., Ltd. | 2017-12-13 | Found more in Notice on Sales of 43 percent equity of Shenzhen Xinglong Machinery Mould Co., Ltd. (Notice No.: 2017-095) released on Securities Times, Hong Kong Commercial Daily and Juchao website (http://www.cninfo.com.cn) |
| 2018-06-20 | Found more in the Notice on Progress of sale of the 43 percent equity of Shenzhen Xinglong Machinery Mould Co., Ltd. (Notice No.: 2018-040) released on Securities Times, Hong Kong Commercial Daily and Juchao website (http://www.cninfo.com.cn) |
Implementation progress of shares buy-back□ Applicable √ Not applicableImplementation progress of the reduction of repurchases shares by centralized bidding□ Applicable √ Not applicable
III. Commitments completed in Period and those without completed till end of the Periodfrom actual controller, shareholders, related parties, purchaser and companies
□ Applicable √ Not applicableThe 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. Predict of the business performance from January to June 2019
Warnings and reasons of the predict that the cumulative net profit from the begin of the year to the end of next report period may beloss or have great changes comparing with the same period of last year□ Applicable √ Not applicable
V. Securities Investment
□ Applicable √ Not applicableNo security investment in Period.
VI. Derivative investment
□ Applicable √ Not applicableNo derivative investment in the Period.
VII. Registration form for receiving research, communication and interview in the reportperiod
□ Applicable √ Not applicableNo registration form for receiving research, communication or interview in the Period.
VIII. External security against the rules
□ Applicable √ Not applicableThe Company has no external security against the rules in the Period.
IX. Controlling shareholders' and its related party's non-business capital occupying of thelisted company
√Applicable □Not applicable
In 10 thousand yuan
| Shareholder or related party | Occupancy time | Causes | Opening amount | Occupation amount increased in the period | Total repayment amount in the period | Ending amount | Expected mode of repayment | Expected repayment amount | Expected repayment time (Month) |
| Shenzhen SDG Tellus Property Management Co., Ltd.-the controlling subsidiary of Shenzhen SDG-controlling shareholder | 2017 | Distribution profit | 23.27 | 0 | 0 | 23.27 | Cash settlement | 23.27 | June 2019 |
| Total | 23.27 | 0 | 0 | 23.27 | -- | 23.27 | -- |
| Proportion of the ending aggregate value to assets of the latest period that audited | 0.02% | ||||||
| Decision-making procedure | After transfer Shenzhen SDG Tellus Property Management Co., Ltd in line with the related transaction procedures, the receivables from the company?s incomplete dividend distribution | ||||||
| Cause of non-business funds occupying by majority shareholders that newly increased in the period and their affiliated enterprises, explanation on accountability and measures to be taken by the Board | N/A | ||||||
| Reasons for failure to pay off the non-business funds occupied as planned, the accountability and measures to be taken by the Board | N/A | ||||||
| Disclosure date of special audit opinions on fund occupation from CPA | 2019-04-02 | ||||||
| Disclosure index of special audit opinions on fund occupation from CPA | The “Special Audit Report on Non-business Fund Occupation of Shenzhen Tellus Holding Co., Ltd. And Summary Sheet of Other Related Capital Transactions” released on Juchao Website (http://www.cninfo.com.cn) | ||||||
Section IV. Financial Statement
I. Financial statement
1. Consolidate balance sheet
Prepared by Shenzhen Tellus Holding Co., Ltd.
2019-03-31
In RMB
| Items | 2019-3-31 | 2018-12-31 |
| Current assets: | ||
| Monetary fund | 103,832,710.15 | 169,512,260.69 |
| Settlement provisions | ||
| Capital lent | ||
| Transactional financial assets | ||
| Financial assets measured by fair value and with variation reckoned into current gains/losses | ||
| Derivative financial assets | ||
| Note receivable and account receivable | 97,458,548.16 | 86,104,660.51 |
| Including: Notes receivable | ||
| Accounts receivable | 97,458,548.16 | 86,104,660.51 |
| Account paid in advance | 18,691,895.55 | 9,112,473.27 |
| Insurance receivable | ||
| Reinsurance receivables | ||
| Contract reserve of reinsurance receivable | ||
| Other account receivable | 15,422,292.01 | 14,483,208.41 |
| Including: Interest receivable | 543,900.65 | 723,407.50 |
| Dividends receivable | 232,683.74 | 232,683.74 |
| Buying back the sale of financial assets | ||
| Inventories | 9,791,059.73 | 12,342,854.40 |
| Contractual assets |
| Assets held for sale | 85,017,251.77 | 85,017,251.77 |
| Non-current assets maturing within one year | ||
| Other current assets | 373,869,475.34 | 332,432,494.44 |
| Total current assets | 704,083,232.71 | 709,005,203.49 |
| Non-current assets: | ||
| Loans and payments on behalf | ||
| Debt investment | ||
| Available-for-sale financial assets | 10,176,617.20 | 10,176,617.20 |
| Other debt investment | ||
| Held-to-maturity investments | ||
| Long-term receivables | ||
| Long-term equity investments | 229,021,637.91 | 224,644,766.21 |
| Investment in other equity instrument | ||
| Other non-current financial assets | ||
| Investment real estate | 497,507,669.66 | 503,922,413.70 |
| Fixed assets | 110,748,337.80 | 112,674,017.53 |
| Construction in progress | 18,337,636.71 | 12,843,571.97 |
| Productive biological assets | ||
| Oil and natural gas assets | ||
| Right-of-use assets | ||
| Intangible assets | 50,699,398.01 | 51,012,282.25 |
| Research and development costs | ||
| Goodwill | ||
| Long-term deferred expenses | 6,085,405.66 | 6,304,607.22 |
| Deferred income tax assets | 24,345,351.16 | 24,355,086.71 |
| Other non-current assets | 3,356,964.72 | 3,356,964.72 |
| Total non-current assets | 950,279,018.83 | 949,290,327.51 |
| Total assets | 1,654,362,251.54 | 1,658,295,531.00 |
| Current liabilities | ||
| Short-term borrowings | 144,000,000.00 | 143,000,000.00 |
| Loan from central bank | ||
| Capital borrowed | ||
| Transactional financial liability |
| Financial liability measured by fair value and with variation reckoned into current gains/losses | ||
| Derivative financial liability | ||
| Notes payable & account payable | 66,001,755.40 | 73,365,876.09 |
| Accounts received in advance | 10,153,494.27 | 15,897,763.97 |
| Selling financial asset of repurchase | ||
| Absorbing deposit and interbank deposits | ||
| Agent buying and selling securities | ||
| Acting underwriting securities | ||
| Wage payable | 25,554,758.14 | 25,802,670.36 |
| Taxes payable | 9,480,864.52 | 9,377,393.57 |
| Other accounts payable | 252,815,597.31 | 250,489,094.47 |
| Including: Interest payable | 57,405.37 | 290,215.78 |
| Dividend payable | ||
| Handling fees and commissions payable | ||
| Reinsurance payable | ||
| Contractual liability | ||
| Liability held for sale | ||
| Non-current liabilities due within one year | ||
| Other current liabilities | ||
| Total current liabilities | 508,006,469.64 | 517,932,798.46 |
| Non-current liabilities: | ||
| Insurance contract reserve | ||
| Long-term loans | 4,000,000.00 | 34,934,887.55 |
| Bonds payable | ||
| Including: preferred stock | ||
| Perpetual capital securities | ||
| Lease liability | ||
| Long-term account payable | 3,920,160.36 | 3,920,160.36 |
| Long term employee compensation payable | ||
| Accrued liabilities | 2,225,468.76 | 2,225,468.76 |
| Deferred income | ||
| Deferred income tax liabilities | ||
| Other non-current liabilities | ||
| Total non-current liabilities | 10,145,629.12 | 41,080,516.67 |
| Total liabilities | 518,152,098.76 | 559,013,315.13 |
| Owners? equity: | ||
| Share capital | 297,281,600.00 | 297,281,600.00 |
| Other equity instrument | ||
| Including: preferred stock | ||
| Perpetual capital securities | ||
| Capital public reserve | 565,226,274.51 | 565,226,274.51 |
| Less: Inventory shares | ||
| Other comprehensive income | 26,422.00 | 26,422.00 |
| Special reserve | ||
| Surplus reserve | 3,139,918.14 | 3,139,918.14 |
| Provision of general risk | ||
| Retained profit | 202,552,941.89 | 184,535,322.70 |
| Total owner?s equity attributable to parent Company | 1,068,227,156.54 | 1,050,209,537.35 |
| Minority interests | 67,982,996.24 | 49,072,678.52 |
| Total owner?s equity | 1,136,210,152.78 | 1,099,282,215.87 |
| Total liabilities and owner?s equity | 1,654,362,251.54 | 1,658,295,531.00 |
Legal representative: Fu ChunlongPerson in charge of accounting works: Lou HongPerson in charge of accounting organ: Liu Yuhong
2. Balance Sheet of Parent Company
In RMB
| Items | 2019-3-31 | 2018-12-31 |
| Current assets: | ||
| Monetary fund | 64,941,224.48 | 88,836,626.14 |
| Transactional financial assets | ||
| Financial assets measured by fair |
| value and with variation reckoned into current gains/losses | ||
| Derivative financial assets | ||
| Note receivable and account receivable | 90,034.00 | 38,274.00 |
| Including: Notes receivable | ||
| Accounts receivable | 90,034.00 | 38,274.00 |
| Account paid in advance | 791,200.00 | 604,800.00 |
| Other account receivable | 128,385,333.91 | 115,782,944.37 |
| Including: Interest receivable | 543,900.65 | 723,407.50 |
| Dividends receivable | 232,683.74 | 232,683.74 |
| Inventories | ||
| Contractual assets | ||
| Assets held for sale | 85,017,251.77 | 85,017,251.77 |
| Non-current assets maturing within one year | ||
| Other current assets | 207,647,509.82 | 195,506,958.35 |
| Total current assets | 486,872,553.98 | 485,786,854.63 |
| Non-current assets: | ||
| Debt investment | ||
| Available-for-sale financial assets | 10,176,617.20 | 10,176,617.20 |
| Other debt investment | ||
| Held-to-maturity investments | ||
| Long-term receivables | ||
| Long-term equity investments | 839,292,704.17 | 836,283,491.38 |
| Investment in other equity instrument | ||
| Other non-current financial assets | ||
| Investment real estate | 41,795,301.59 | 44,820,151.69 |
| Fixed assets | 14,621,989.93 | 14,824,845.14 |
| Construction in progress | 18,327,635.71 | 12,843,571.97 |
| Productive biological assets | ||
| Oil and natural gas assets | ||
| Right-of-use assets | ||
| Intangible assets | 241,601.41 | 249,731.94 |
| Research and development costs |
| Goodwill | ||
| Long-term deferred expenses | 2,907,156.40 | 2,958,817.65 |
| Deferred income tax assets | 13,820,634.09 | 13,830,369.64 |
| Other non-current assets | ||
| Total non-current assets | 941,183,640.50 | 935,987,596.61 |
| Total assets | 1,428,056,194.48 | 1,421,774,451.24 |
| Current liabilities | ||
| Short-term borrowings | 144,000,000.00 | 143,000,000.00 |
| Transactional financial liability | ||
| Financial liability measured by fair value and with variation reckoned into current gains/losses | ||
| Derivative financial liability | ||
| Notes payable & account payable | 14,000.00 | 19,800.00 |
| Accounts received in advance | 4,742.51 | 4,742.51 |
| Contractual liability | ||
| Wage payable | 5,295,524.72 | 4,858,788.51 |
| Taxes payable | 522,753.58 | 331,909.65 |
| Other accounts payable | 391,402,503.75 | 392,558,990.89 |
| Including: Interest payable | 232,810.41 | |
| Dividend payable | ||
| Liability held for sale | ||
| Non-current liabilities due within one year | ||
| Other current liabilities | ||
| Total current liabilities | 541,239,524.56 | 540,774,231.56 |
| Non-current liabilities: | ||
| Long-term loans | ||
| Bonds payable | ||
| Including: preferred stock | ||
| Perpetual capital securities | ||
| Lease liability | ||
| Long-term account payable | ||
| Long term employee compensation payable |
| Accrued liabilities | ||
| Deferred income | ||
| Deferred income tax liabilities | ||
| Other non-current liabilities | ||
| Total non-current liabilities | ||
| Total liabilities | 541,239,524.56 | 540,774,231.56 |
| Owners? equity: | ||
| Share capital | 297,281,600.00 | 297,281,600.00 |
| Other equity instrument | ||
| Including: preferred stock | ||
| Perpetual capital securities | ||
| Capital public reserve | 562,032,851.23 | 562,032,851.23 |
| Less: Inventory shares | ||
| Other comprehensive income | ||
| Special reserve | ||
| Surplus reserve | 3,139,918.14 | 3,139,918.14 |
| Retained profit | 24,362,300.55 | 18,545,850.31 |
| Total owner?s equity | 886,816,669.92 | 881,000,219.68 |
| Total liabilities and owner?s equity | 1,428,056,194.48 | 1,421,774,451.24 |
3. Consolidated Profit Statement
In RMB
| Items | Current Period | Last Period |
| I. Total operating income | 119,469,426.49 | 92,099,937.58 |
| Including: Operating income | 119,469,426.49 | 92,099,937.58 |
| Interest income | ||
| Insurance gained | ||
| Handling fees and commissions income | ||
| II. Total operating cost | 107,944,394.60 | 88,166,967.66 |
| Including: Operating cost | 91,086,090.40 | 73,096,147.54 |
| Interest expense | ||
| Handling fees and commissions expenses |
| Cash surrender value | ||
| Net amount of expense of compensation | ||
| Net amount of withdrawal of insurance contract reserve | ||
| Bonus expense of guarantee slip | ||
| Reinsurance expense | ||
| Taxes and surcharge | 1,484,949.21 | 1,407,101.55 |
| Sales expenses | 4,727,001.63 | 4,077,650.70 |
| Administration expenses | 8,234,636.69 | 8,686,799.27 |
| R&D expenses | ||
| Financial expenses | 2,411,716.67 | 899,268.60 |
| Including: interest expenses | 2,757,204.73 | 1,458,393.07 |
| Interest income | 420,047.30 | 635,258.41 |
| Losses of devaluation of asset | ||
| Loss of credit impairment | ||
| Add: other income | ||
| Investment income (Loss is listed with “-”) | 6,903,486.76 | 11,627,612.09 |
| Including: Investment income on affiliated Company and joint venture | 4,376,871.70 | 8,598,085.51 |
| Exchange income (Loss is listed with “-”) | ||
| Net exposure hedging income (Loss is listed with “-”) | ||
| Changing income of fair value(Loss is listed with “-”) | ||
| Income on disposal of assets (Loss is listed with “-”) | ||
| III. Operating profit (Loss is listed with “-”) | 18,428,518.65 | 15,560,582.01 |
| Add: Non-operating income | 9,117.56 | 3,224.73 |
| Less: Non-operating expense | 833,300.00 | 48,499.38 |
| IV. Total Profit (Loss is listed with “-”) | 17,604,336.21 | 15,515,307.36 |
| Less: Income tax | 676,399.30 | 324,626.80 |
| V. Net profit (Net loss is listed with “-”) | 16,927,936.91 | 15,190,680.56 |
| (i) Classify by business continuity |
| 1.continuous operating net profit (net loss listed with ?-”) | 16,927,936.91 | 15,190,680.56 |
| 2.termination of net profit (net loss listed with ?-”) | ||
| (ii) Classify by ownership | ||
| 1.Net profit attributable to owner?s of parent company | 18,017,619.19 | 16,101,533.51 |
| 2.Minority shareholders? gains and losses | -1,089,682.28 | -910,852.95 |
| VI. Net after-tax of other comprehensive income | ||
| Net after-tax of other comprehensive income attributable to owners of parent company | ||
| (I) Other comprehensive income items which will not be reclassified subsequently to profit of loss | ||
| 1.Changes of the defined benefit plans that re-measured | ||
| 2.Other comprehensive income under equity method that cannot be transfer to gain/loss | ||
| 3.Change of fair value of investment in other equity instrument | ||
| 4.Fair value change of enterprise's credit risk | ||
| 5. Other | ||
| (II) Other comprehensive income items which will be reclassified subsequently to profit or loss | ||
| 1.Other comprehensive income under equity method that can transfer to gain/loss | ||
| 2.Change of fair value of other debt investment | ||
| 3.gain/loss of fair value changes for available-for-sale financial assets | ||
| 4.Amount of financial assets re-classify to other comprehensive income | ||
| 5.Gain/loss of held-to-maturity investments that re-classify to available-for-sale financial asset |
| 6.Credit impairment provision for other debt investment | ||
| 7.Cash flow hedging reserve | ||
| 8.Translation differences arising on translation of foreign currency financial statements | ||
| 9.Other | ||
| Net after-tax of other comprehensive income attributable to minority shareholders | ||
| VII. Total comprehensive income | 16,927,936.91 | 15,190,680.56 |
| Total comprehensive income attributable to owners of parent Company | 18,017,619.19 | 16,101,533.51 |
| Total comprehensive income attributable to minority shareholders | -1,089,682.28 | -910,852.95 |
| VIII. Earnings per share: | ||
| (i) Basic earnings per share | 0.0606 | 0.0542 |
| (ii) Diluted earnings per share | 0.0606 | 0.0542 |
Enterprise combine under the same control in the Period, the combined party realized net profit of 0 Yuan before combination, andrealized 0 Yuan at last period for combined partyLegal representative: Fu ChunlongPerson in charge of accounting works: Lou HongPerson in charge of accounting organ: Liu Yuhong
4. Profit Statement of Parent Company
In RMB
| Items | Current Period | Last Period |
| I. Operating income | 8,555,059.13 | 8,804,007.79 |
| Less: Operating cost | 904,977.87 | 947,272.21 |
| Taxes and surcharge | 353,268.76 | 354,111.33 |
| Sales expenses | ||
| Administration expenses | 4,340,757.76 | 4,023,652.43 |
| R&D expenses | ||
| Financial expenses | 1,472,367.49 | 825,550.55 |
| Including: interest | 1,703,642.32 | 1,324,833.32 |
| expenses | ||
| Interest income | 233,845.22 | 504,406.76 |
| Losses of devaluation of asset | ||
| Loss of credit impairment | ||
| Add: other income | ||
| Investment income (Loss is listed with “-”) | 4,342,056.64 | 9,749,183.55 |
| Including: Investment income on affiliated Company and joint venture | 3,009,212.79 | 8,241,498.62 |
| Net exposure hedging income (Loss is listed with “-”) | ||
| Changing income of fair value(Loss is listed with “-”) | ||
| Income on disposal of assets (Loss is listed with “-”) | ||
| II. Operating profit (Loss is listed with “-”) | 5,825,743.89 | 12,402,604.82 |
| Add: Non-operating income | 441.90 | 3,085.00 |
| Less: Non-operating expense | ||
| III. Total Profit (Loss is listed with “-”) | 5,826,185.79 | 12,405,689.82 |
| Less: Income tax | 9,735.55 | 9,735.55 |
| IV. Net profit (Net loss is listed with “-”) | 5,816,450.24 | 12,395,954.27 |
| (i)continuous operating net profit (net loss listed with ?-”) | 5,816,450.24 | 12,395,954.27 |
| (ii) termination of net profit (net loss listed with ?-”) | ||
| V. Net after-tax of other comprehensive income | ||
| (I) Other comprehensive income items which will not be reclassified subsequently to profit of loss | ||
| 1.Changes of the defined benefit plans that re-measured | ||
| 2.Other comprehensive income under equity method that cannot be transfer to gain/loss | ||
| 3.Change of fair value of |
| investment in other equity instrument | ||
| 4.Fair value change of enterprise's credit risk | ||
| 5. Other | ||
| (II) Other comprehensive income items which will be reclassified subsequently to profit or loss | ||
| 1.Other comprehensive income under equity method that can transfer to gain/loss | ||
| 2.Change of fair value of other debt investment | ||
| 3.gain/loss of fair value changes for available-for-sale financial assets | ||
| 4.Amount of financial assets re-classify to other comprehensive income | ||
| 5.Gain/loss of held-to-maturity investments that re-classify to available-for-sale financial asset | ||
| 6.Credit impairment provision for other debt investment | ||
| 7.Cash flow hedging reserve | ||
| 8.Translation differences arising on translation of foreign currency financial statements | ||
| 9.Other | ||
| VI. Total comprehensive income | 5,816,450.24 | 12,395,954.27 |
| VII. Earnings per share: | ||
| (i) Basic earnings per share | 0.0196 | 0.0417 |
| (ii) Diluted earnings per share | 0.0196 | 0.0417 |
5. Consolidated Cash Flow Statement
In RMB
| Items | Current Period | Last Period |
| I. Cash flows arising from operating activities: | ||
| Cash received from selling commodities and providing labor services | 108,587,946.31 | 84,345,978.53 |
| Net increase of customer deposit and interbank deposit | ||
| Net increase of loan from central bank | ||
| Net increase of capital borrowed from other financial institution | ||
| Cash received from original insurance contract fee | ||
| Net cash received from reinsurance business | ||
| Net increase of insured savings and investment | ||
| Net increase of amount from disposal financial assets that measured by fair value and with variation reckoned into current gains/losses | ||
| Cash received from interest, commission charge and commission | ||
| Net increase of capital borrowed | ||
| Net increase of returned business capital | ||
| Net cash received by agents in sale and purchase of securities | ||
| Write-back of tax received | ||
| Other cash received concerning operating activities | 25,600,115.48 | 4,296,513.52 |
| Subtotal of cash inflow arising from operating activities | 134,188,061.79 | 88,642,492.05 |
| Cash paid for purchasing commodities and receiving labor service | 84,612,348.69 | 69,547,948.92 |
| Net increase of customer loans and advances | ||
| Net increase of deposits in central |
| bank and interbank | ||
| Cash paid for original insurance contract compensation | ||
| Net increase of financial assets held for transaction purposes | ||
| Net increase of capital lent | ||
| Cash paid for interest, commission charge and commission | ||
| Cash paid for bonus of guarantee slip | ||
| Cash paid to/for staff and workers | 13,976,594.06 | 13,117,446.20 |
| Taxes paid | 4,455,784.64 | 5,538,927.09 |
| Other cash paid concerning operating activities | 28,156,466.17 | 8,743,804.28 |
| Subtotal of cash outflow arising from operating activities | 131,201,193.56 | 96,948,126.49 |
| Net cash flows arising from operating activities | 2,986,868.23 | -8,305,634.44 |
| II. Cash flows arising from investing activities: | ||
| Cash received from recovering investment | 385,750,000.00 | 195,400,000.00 |
| Cash received from investment income | 2,709,631.66 | 2,100,322.43 |
| Net cash received from disposal of fixed, intangible and other long-term assets | ||
| Net cash received from disposal of subsidiaries and other units | 1,504,125.26 | |
| Other cash received concerning investing activities | ||
| Subtotal of cash inflow from investing activities | 388,459,631.66 | 199,004,447.69 |
| Cash paid for purchasing fixed, intangible and other long-term assets | 16,588,411.61 | 9,559,753.28 |
| Cash paid for investment | 427,700,000.00 | 194,300,000.00 |
| Net increase of mortgaged loans | ||
| Net cash received from |
| subsidiaries and other units obtained | ||
| Other cash paid concerning investing activities | ||
| Subtotal of cash outflow from investing activities | 444,288,411.61 | 203,859,753.28 |
| Net cash flows arising from investing activities | -55,828,779.95 | -4,855,305.59 |
| III. Cash flows arising from financing activities | ||
| Cash received from absorbing investment | 20,000,000.00 | |
| Including: Cash received from absorbing minority shareholders? investment by subsidiaries | ||
| Cash received from loans | 58,000,000.00 | 1,200,000.00 |
| Cash received from issuing bonds | ||
| Other cash received concerning financing activities | ||
| Subtotal of cash inflow from financing activities | 78,000,000.00 | 1,200,000.00 |
| Cash paid for settling debts | 87,934,887.55 | 3,665,112.45 |
| Cash paid for dividend and profit distributing or interest paying | 2,902,751.27 | 2,061,561.38 |
| Including: Dividend and profit of minority shareholder paid by subsidiaries | ||
| Other cash paid concerning financing activities | ||
| Subtotal of cash outflow from financing activities | 90,837,638.82 | 5,726,673.83 |
| Net cash flows arising from financing activities | -12,837,638.82 | -4,526,673.83 |
| IV. Influence on cash and cash equivalents due to fluctuation in exchange rate | ||
| V. Net increase of cash and cash equivalents | -65,679,550.54 | -17,687,613.86 |
| Add: Balance of cash and cash equivalents at the period -begin | 142,848,120.69 | 161,793,218.56 |
| VI. Balance of cash and cash equivalents at the period -end | 77,168,570.15 | 144,105,604.70 |
6. Cash Flow Statement of Parent Company
In RMB
| Items | Current Period | Last Period |
| I. Cash flows arising from operating activities: | ||
| Cash received from selling commodities and providing labor services | 3,079,519.00 | 10,410,481.00 |
| Write-back of tax received | ||
| Other cash received concerning operating activities | 292,450.85 | 1,390,790.70 |
| Subtotal of cash inflow arising from operating activities | 3,371,969.85 | 11,801,271.70 |
| Cash paid for purchasing commodities and receiving labor service | ||
| Cash paid to/for staff and workers | 3,994,426.10 | 4,087,113.14 |
| Taxes paid | 597,098.64 | 636,407.02 |
| Other cash paid concerning operating activities | 7,855,272.11 | 7,129,970.63 |
| Subtotal of cash outflow arising from operating activities | 12,446,796.85 | 11,853,490.79 |
| Net cash flows arising from operating activities | -9,074,827.00 | -52,219.09 |
| II. Cash flows arising from investing activities: | ||
| Cash received from recovering investment | 211,000,000.00 | 174,000,000.00 |
| Cash received from investment income | 1,512,350.70 | 1,886,129.56 |
| Net cash received from disposal of fixed, intangible and other long-term assets | ||
| Net cash received from disposal of subsidiaries and other units |
| Other cash received concerning investing activities | ||
| Subtotal of cash inflow from investing activities | 212,512,350.70 | 175,886,129.56 |
| Cash paid for purchasing fixed, intangible and other long-term assets | 3,396,472.63 | 1,378,282.33 |
| Cash paid for investment | 223,000,000.00 | 189,974,000.00 |
| Net cash received from subsidiaries and other units obtained | ||
| Other cash paid concerning investing activities | ||
| Subtotal of cash outflow from investing activities | 226,396,472.63 | 191,352,282.33 |
| Net cash flows arising from investing activities | -13,884,121.93 | -15,466,152.77 |
| III. Cash flows arising from financing activities | ||
| Cash received from absorbing investment | ||
| Cash received from loans | 43,000,000.00 | |
| Cash received from issuing bonds | ||
| Other cash received concerning financing activities | ||
| Subtotal of cash inflow from financing activities | 43,000,000.00 | |
| Cash paid for settling debts | 42,000,000.00 | |
| Cash paid for dividend and profit distributing or interest paying | 1,936,452.73 | 1,490,437.48 |
| Other cash paid concerning financing activities | ||
| Subtotal of cash outflow from financing activities | 43,936,452.73 | 1,490,437.48 |
| Net cash flows arising from financing activities | -936,452.73 | -1,490,437.48 |
| IV. Influence on cash and cash equivalents due to fluctuation in exchange rate | ||
| V. Net increase of cash and cash | -23,895,401.66 | -17,008,809.34 |
| equivalents | ||
| Add: Balance of cash and cash equivalents at the period -begin | 62,172,486.14 | 97,991,738.05 |
| VI. Balance of cash and cash equivalents at the period -end | 38,277,084.48 | 80,982,928.71 |
II. Explanation on financial statement adjustment
1. Financial statement adjustment at the beginning of the first year when implementation of new financialinstrument rules, new revenue rules and new leasing rules
√ Applicable □Not applicableConsolidate balance sheet
In RMB
| Items | 2018-12-31 | 2019-1-1 | Adjustment |
| Current assets: | |||
| Monetary fund | 169,512,260.69 | 169,512,260.69 | |
| Note receivable and account receivable | 86,104,660.51 | 86,104,660.51 | |
| Accounts receivable | 86,104,660.51 | 86,104,660.51 | |
| Account paid in advance | 9,112,473.27 | 9,112,473.27 | |
| Other account receivable | 14,483,208.41 | 14,483,208.41 | |
| Including: Interest receivable | 723,407.50 | 723,407.50 | |
| Dividend Receivable | 232,683.74 | 232,683.74 | |
| Inventories | 12,342,854.40 | 12,342,854.40 | |
| Assets held for sale | 85,017,251.77 | 85,017,251.77 | |
| Other current assets | 332,432,494.44 | 332,432,494.44 | |
| Total current assets | 709,005,203.49 | 709,005,203.49 | |
| Non-current assets: | |||
| Available-for-sale financial assets | 10,176,617.20 | Not applicable | -10,176,617.20 |
| Long-term equity investments | 224,644,766.21 | 224,644,766.21 | |
| Other equity instruments | Not applicable | 10,176,617.20 | 10,176,617.20 |
| investments | |||
| Investment real estate | 503,922,413.70 | 503,922,413.70 | |
| Fixed assets | 112,674,017.53 | 112,674,017.53 | |
| Construction in progress | 12,843,571.97 | 12,843,571.97 | |
| Intangible assets | 51,012,282.25 | 51,012,282.25 | |
| Long-term deferred expenses | 6,304,607.22 | 6,304,607.22 | |
| Deferred income tax assets | 24,355,086.71 | 24,355,086.71 | |
| Other non-current assets | 3,356,964.72 | 3,356,964.72 | |
| Total non-current assets | 949,290,327.51 | 949,290,327.51 | |
| Total assets | 1,658,295,531.00 | 1,658,295,531.00 | |
| Current liabilities | |||
| Short-term borrowings | 143,000,000.00 | 143,000,000.00 | |
| Notes payable & account payable | 73,365,876.09 | 73,365,876.09 | |
| Accounts received in advance | 15,897,763.97 | 15,897,763.97 | |
| Wage payable | 25,802,670.36 | 25,802,670.36 | |
| Taxes payable | 9,377,393.57 | 9,377,393.57 | |
| Other accounts payable | 250,489,094.47 | 250,489,094.47 | |
| Including: Interest payable | 290,215.78 | 290,215.78 | |
| Total current liabilities | 517,932,798.46 | 517,932,798.46 | |
| Non-current liabilities: | |||
| Long-term loans | 34,934,887.55 | 34,934,887.55 | |
| Long-term account payable | 3,920,160.36 | 3,920,160.36 | |
| Expected liabilities | 2,225,468.76 | 2,225,468.76 | |
| Total non-current liabilities | 41,080,516.67 | 41,080,516.67 | |
| Total liabilities | 559,013,315.13 | 559,013,315.13 | |
| Owners? equity: | |||
| Share capital | 297,281,600.00 | 297,281,600.00 | |
| Capital public reserve | 565,226,274.51 | 565,226,274.51 | |
| Other comprehensive income | 26,422.00 | 26,422.00 |
| Surplus public reserve | 3,139,918.14 | 3,139,918.14 | |
| Retained profit | 184,535,322.70 | 184,535,322.70 | |
| Total owner?s equity attributable to parent company | 1,050,209,537.35 | 1,050,209,537.35 | |
| Minority interests | 49,072,678.52 | 49,072,678.52 | |
| Total owner?s equity | 1,099,282,215.87 | 1,099,282,215.87 | |
| Total liabilities and owner?s equity | 1,658,295,531.00 | 1,658,295,531.00 |
Statement of adjustmentOn 31 March 2017, Ministry of Finance revised the “Accounting Standards for Business Enterprise No.22-Recognition andMeasurement of Financial Instruments”, “Accounting Standards for Business Enterprise No.23-Transfer of Financial Assets”,“Accounting Standards for Business Enterprise No.24-Hedge Accounting” and “Accounting Standards for Business EnterpriseNo.37-Presentation of Financial Instruments”, and requires the listed companies listed separately in China to implemented the abovementioned Standards since 1 Jan. 2019.According to the regulation of new financial standards, the “Financial assets available for sale” will re-classify to “Financial assetsmeasured by fair value and with its variation reckoned into other comprehensive income”, and adjusted the “Financial assetsavailable for sale” carried in balance sheet of beginning of 2019 pursuit to the presentation requirement.Balance Sheet of Parent Company
In RMB
| Item | 2018-12-31 | 2019-1-1 | Adjustment |
| Current assets: | |||
| Monetary fund | 88,836,626.14 | 88,836,626.14 | |
| Note receivable and account receivable | 38,274.00 | 38,274.00 | |
| Accounts receivable | 38,274.00 | 38,274.00 | |
| Account paid in advance | 604,800.00 | 604,800.00 | |
| Other account receivable | 115,782,944.37 | 115,782,944.37 | |
| Including: Interest receivable | 723,407.50 | 723,407.50 | |
| Dividend Receivable | 232,683.74 | 232,683.74 | |
| Assets held for sale | 85,017,251.77 | 85,017,251.77 | |
| Other current assets | 195,506,958.35 | 195,506,958.35 | |
| Total current assets | 485,786,854.63 | 485,786,854.63 | |
| Non-current assets: | |||
| Available-for-sale | 10,176,617.20 | Not applicable | -10,176,617.20 |
| financial assets | |||
| Long-term equity investments | 836,283,491.38 | 836,283,491.38 | |
| Other equity instruments investments | Not applicable | 10,176,617.20 | 10,176,617.20 |
| Investment real estate | 44,820,151.69 | 44,820,151.69 | |
| Fixed assets | 14,824,845.14 | 14,824,845.14 | |
| Construction in progress | 12,843,571.97 | 12,843,571.97 | |
| Intangible assets | 249,731.94 | 249,731.94 | |
| Long-term deferred expenses | 2,958,817.65 | 2,958,817.65 | |
| Deferred income tax assets | 13,830,369.64 | 13,830,369.64 | |
| Total non-current assets | 935,987,596.61 | 935,987,596.61 | |
| Total assets | 1,421,774,451.24 | 1,421,774,451.24 | |
| Current liabilities | |||
| Short-term borrowings | 143,000,000.00 | 143,000,000.00 | |
| Notes payable & account payable | 19,800.00 | 19,800.00 | |
| Accounts received in advance | 4,742.51 | 4,742.51 | |
| Wage payable | 4,858,788.51 | 4,858,788.51 | |
| Taxes payable | 331,909.65 | 331,909.65 | |
| Other accounts payable | 392,558,990.89 | 392,558,990.89 | |
| Including: Interest payable | 232,810.41 | 232,810.41 | |
| Total current liabilities | 540,774,231.56 | 540,774,231.56 | |
| Non-current liabilities: | |||
| Total liabilities | 540,774,231.56 | 540,774,231.56 | |
| Owners? equity: | |||
| Share capital | 297,281,600.00 | 297,281,600.00 | |
| Capital public reserve | 562,032,851.23 | 562,032,851.23 | |
| Surplus reserve | 3,139,918.14 | 3,139,918.14 | |
| Retained profit | 18,545,850.31 | 18,545,850.31 | |
| Total owner?s equity | 881,000,219.68 | 881,000,219.68 | |
| Total liabilities and owner?s | 1,421,774,451.24 | 1,421,774,451.24 |
Statement of adjustmentOn 31 March 2017, Ministry of Finance revised the “Accounting Standards for Business Enterprise No.22-Recognition andMeasurement of Financial Instruments”, “Accounting Standards for Business Enterprise No.23-Transfer of Financial Assets”,“Accounting Standards for Business Enterprise No.24-Hedge Accounting” and “Accounting Standards for Business EnterpriseNo.37-Presentation of Financial Instruments”, and requires the listed companies listed separately in China to implemented the abovementioned Standards since 1 Jan. 2019.According to the regulation of new financial standards, the “Financial assets available for sale” will re-classify to “Financial assetsmeasured by fair value and with its variation reckoned into other comprehensive income”, and adjusted the “Financial assetsavailable for sale” carried in balance sheet of beginning of 2019 pursuit to the presentation requirement.
2. Retrospective adjustment of the comparative data for initial implementation of new financial instrumentrules and new leasing rules
□Applicable √Not applicable
III. Audit report
Whether the 1
st
quarterly report has been audited or not□Yes √ NoThe 1
st
quarterly report of the Company was unaudited.