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深深房B:2018年第三季度报告全文(英文版) 下载公告
公告日期:2018-10-31

SHENZHEN SPECIAL ECONOMIC ZONE REAL ESTATE &

PROPERTIES (GROUP) CO., LTD.

THIRD QUARTER REPORT 2018

2018-082

October 2018

Part I Important Notes

The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors,

supervisors and senior management of Shenzhen Special Economic Zone Real Estate &

Properties (Group) Co., Ltd. (together with its consolidated subsidiaries, the “Company”,

except where the context otherwise requires) hereby guarantee the factuality, accuracy andcompleteness of the contents of this Report and its summary, and shall be jointly and severally

liable for any misrepresentations, misleading statements or material omissions therein.

All the Company’s directors have attended the Board meeting for the review of this Report

and its summary.

Zhou Jianguo, chairman of the Company’s Board, Chen Maozheng, the Company’s GeneralManager, Tang Xiaoping, the Company’s head for financial affairs, and Qiao Yanjun, head ofthe Company’s financial department (equivalent to financial manager) hereby guarantee that

the Financial Statements carried in this Report are factual, accurate and complete.This Report and its summary have been prepared in both Chinese and English. Should therebe any discrepancies or misunderstandings between the two versions, the Chinese versionsshall prevail.

Part II Key Corporate Information

I Key Consolidated Financial Information

Indicate by tick mark whether there is any retrospectively restated datum in the table below.

□ Yes √ No

30 September 2018 31 December 2017 Change (%)Total assets (RMB) 4,447,438,366.38

3,989,263,981.96

11.49%

Equity

attributable to the listed

company’s shareholders (RMB)

3,199,567,123.08

attributable to the listed

2,828,242,120.98

13.13%

Q3 2018 YoY change (%) Q1-Q3 2018 YoY change (%)Operating revenue (RMB) 282,588,259.93

21.13%

1,600,129,891.28

65.89%

Net profit attributable to

company’s shareholders (RMB)

44,934,281.00

the listed

263.65%

374,000,365.53

150.03%

Net profit attributable to

the listed

company’s shareholders

the listedbefore

exceptional items (RMB)

44,760,056.43

before

262.15%

373,889,817.10

150.19%

Net cash generated from/used in

operating activities (RMB)

-- -- 664,798,431.71

Net cash generated from/used in

431.32%

Basic earnings per share

(RMB/share)

0.0444

Basic earnings per share

263.93%

0.3697

149.97%

Diluted earnings per share

(RMB/share)

0.0444

Diluted earnings per share

263.93%

0.3697

149.97%

Weighted average return on equity

(%)

1.49%

1.04%

12.41%

6.91%

Exceptional gains and losses:

√ Applicable □ Not applicable

Unit: RMBItem Q1-Q3 2018 NoteGain or loss on disposal of non-

current assets (inclusive of

impairment allowance write-offs)

-19,206.48

current assets (inclusive of

Non-operating income and expense other than above 166,604.39

Less: Income tax effects 36,849.48

Total 110,548.43

--Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item defined or listed in the Explanatory

Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss

Items:

□ Applicable √ Not applicable

No such cases for the Reporting Period.

II Total Number of Shareholders and Holdings of Top 10 Shareholders at 30 September 2018

1. Numbers of Ordinary Shareholders and Preferred Shareholders with Resumed Voting Rights as well asHoldings of Top 10 Shareholders

Unit: shareNumber of ordinary shareholders

76,443

Number of preferred

sharehol

ders with resumed

voting rights (if any)

ders with resumed

Top 10 shareholdersName of shareholder

Nature ofshareholder

Shareholdi

ngpercentage

Number of

shares

R

Shares in pledge or frozenStatus Shares

estricted sharesShenzhen Investment Holdings

Co., Ltd

State-ownedlegal person

63.55%

Shenzhen Investment Holdings

642,884,262

Holding

Shandong Gold FinancialCapital Management

Co., Ltd.-

Capital ManagementShandong Gold

Financial Holding

Shandong GoldSustaining

Fund 1

Domesticnon-state-owned

Sustaininglegal

person

1.02%

legal

10,300,000

Lu Zhigao

Domesticnatural person

0.32%

3,246,949

Tan Shiqing

Domesticnatural person

0.13%

1,286,701

Yang Shuilian

Domesticnatural person

0.13%

1,273,700

Yang Jianxiong

Domesticnatural person

0.12%

1,255,750

Management Co., Ltd.

State-ownedlegal person

0.12%

Central Huijin Asset

1,165,500

Peng Wei

Domesticnatural person

0.11%

1,129,082

Wu Haoyuan

Foreignnatural person

0.11%

1,109,300

Kong) Limited

Foreign legalperson

0.10%

Guotai Junan Securities (Hong

1,015,683

Top 10 unrestricted shareholdersName of shareholder Unrestricted shares

Shares by typeType Shares

Shenzhen Investment Holdings Co., Ltd 642,884,262

RMB-denominate

d ordinary stock

642,884,262

Shandong Gold Financial Holding

Capital Management

Co., Ltd.-Shandong Gold Financial Holding

Capital ManagementSustaining

Fund 1

10,300,000

Sustaining

RMB-denominate

10,300,000

d ordinary stock

Lu Zhigao 3,246,949

RMB-denominate

d ordinary stock

3,246,949

Tan Shiqing 1,286,701

RMB-denominate

d ordinary stock

1,286,701

d ordinary stock

Yang Shuilian 1,273,700

RMB-denominate

d ordinary stock

1,273,700

Yang Jianxiong 1,255,750

Domestically

listed foreign

stock

1,255,750

Central Huijin Asset Management Co., Ltd. 1,165,500

RMB-denominate

d ordinary stock

1,165,500

Peng Wei 1,129,082

RMB-denominate

d ordinary stock

1,129,082

Wu Haoyuan 1,109,300

Domesticallylisted

foreign

stock

1,109,300

Guotai Junan Securities (Hong Kong) Limited 1,015,683

Domesticallylisted

foreign

stock

1,015,683

Related or acting-in-

concert parties among shareholders

above

The Company has found no related parties or acting-in-

concert parties among shareholdersconcert parties

as defined in the Administrative Measures for

concert partiesShareholding Changes

in Listed Companies among the shareholders above.Top 10 ordinary shareholders involved in

Shareholding Changessecurities margin

trading (if any)

The fourth shareholder

securities marginholds all his shares in the Company in his

holds all his shares in the Company in hisaccounts of collateral securities for margin trading. And the third

accounts of collateral securities for margin trading. And the thirdshareholder holds some of his shares in the Company in such

accounts.Indicate by tick mark whether any of the top 10 ordinary shareholders or the top 10 unrestricted ordinary shareholders of theCompany conducted any promissory repo during the Reporting Period.

□ Yea √ No

No such cases in the Reporting Period.

2. Number of Preferred Shareholders and Shareholdings of Top 10 of Them

□ Applicable √ Not applicable

Part III Significant Events

I Changes in Key Consolidated Financial Statement Line Items and Explanation of why

√ Applicable □ Not applicable

Unit: RMBKey income statement

items

Q1~Q3 2018 Q1~Q3 2017Change (%)

Explanation of whyOperating revenue 1,600,129,891.28

964,594,407.66

65.89%

Rise in property sales carryforwards tothe current period

Taxes and surcharges 316,767,417.97

30,671,236.84

932.78%

Rise in property sales carryforwards tothe current period

Selling expense 41,241,971.51

12,382,407.96

233.07%

Rise in sales agent fees andcommissions as a result of the openingof new developments for sale

Administrative expense

44,506,615.17

33,480,030.90

32.93%

Expensing of labor cost and other costsupon the completion of the Cuilinyuanproject

Finance costs -10,289,373.08

-3,137,412.25

-227.96%

Lower interest expense on borrowingsand higher interest income on termdepositsKey cash flowstatement items

Q1~Q3 2018 Q1~Q3 2017Change (%)

Explanation of whyNet cash generated

from/used in operatingactivities

664,798,431.71

-200,649,011.12

431.32%

Rise in sale of commodities

Net cash generatedfrom/used in investingactivities

-599,463,465.47

8,643,770.86

-7035.21%

Purchase of a 600-million six-monthbank structured deposit

Net cash generatedfrom/used in financingactivities

-136,127,057.86

-18,576,803.21

-632.78%

Repayment of bank loans

Key balance sheet

items

30 September 2018

31 December 2017

Change (%)

Explanation of whyOther current assets 606,889,159.07

11,369,544.80

5237.85%

Purchase of a 600-million six-monthbank structured depositShort-term borrowings

35,048,803.88

104,207,653.64

-66.37%

Decline in commercial acceptance bill

discounting and the use of such bills aspledge for loansCurrent portion ofnon-current liabilities

17,773,200.00

64,000,000.00

-72.23%

Repayment of bank loans due withinone year

Long-term borrowings

13,340,200.00

82,000,000.00

-83.73%

Repayment of bank loans

II Progress, Influence and Solutions Associated with Significant Events

√ Applicable □ Not applicable

Since Shenzhen Investment Holdings Co., Ltd, the controlling shareholder of the Company, is

planning a significant event that involves the Company, trading of the Company’s stocks (A-stock:

stock name: SPG, stock code: 000029; B-stock: stock name: SPG-B, stock code: 200029) has beensuspended since the opening of 14 September 2016. On 30 September 2016, the Company disclosedthe Announcement on Share Trading Suspension Due to Major Assets Restructuring (No. 2016-025),and the suspension continued due to major assets restructuring since the market opening on 30September 2016.The Company is organizing relevant intermediaries to conduct supplementary due diligence on theparties to the restructuring of assets and trading, carry out supplementary audit and evaluation work,and update the major asset restructuring plan or report (draft) and other relevant documents. Themajor assets restructuring of the Company involves in the reform of state-owned enterprises inShenzhen with complex transaction structure, and the proposed purchase of underlying asset is theleading asset in the industry on a large-scale, which is a major unprecedented event. The Companystill needs to communicate with regulatory authorities for further discussion, demonstration and

improvement. Meanwhile, limited by the period of validity of the assessment, underlying asset’s

audit report and assessment report need to be updated, and it also needs to perform national assetsfiling procedures of assessment report, which needs a certain period of time due to the largevolumes. On the specific circumstances of restructuring of the Company, please keep an eye on theCompany's follow-up announcements.To ensure the smooth progress of this major asset restructuring, prevent abnormal fluctuations in theprices of its stocks and protect the rights and interests of its minority shareholders, the Company hasapplied to the Shenzhen Stock Exchange for continued share trading suspension for no more than 1month as of 14 October 2018. It is respected that the major assets restructuring plan or report willbe disclosed according to the requirements of the Standards for the Contents and Formats of

Information Disclosure by Companies Offering Securities to the Public No. 26—Major Assets

Restructuring of Listed Companies prior to 14 November 2018.During the continued suspension, the Company will keep promoting the work of this major assetrestructuring with parties concerned, paying full attention to the progress of the issue and fulfillingthe obligation of timely information disclosure in strict accordance with the provisions andrequirements of relevant laws and regulations, that is, the Company will disclose the progress ofrelated matters at least every five trading days.There is considerable uncertainty for the major assets restructuring. Investors are kindly remindedto pay attention to investment risk.

Summary of significant event Disclosure date Index to related announcementSignificant asset restructuring 13 October 2018

Announcement on the planning ofDelaying the Share Trading Resumption ofSignificant Asset Restructuring(www.cninfo.com.cn)

III Commitments that the Company’s Actual Controller, Shareholders, Related Parties and

Acquirers, as well as the Company Itself and Other Parties, Failed to Fulfill on Time duringReporting Period

□ Applicable √ Not applicable

No such cases in the Reporting Period.

IV 2018 Annual Operating Performance Forecast

Warning of a forecast loss on or a forecast significant year-on-year change in net profit for the year 2018, as well as explanation ofwhy:

√ Applicable □ Not applicable

Forecast: Considerable increase in profitType of the forecast data: Interval number

2018 2017 +/- (%)Forecast

profit (RMB'0,000)

45,000

accumulative net

--

50,000

18,492

Increase 143.35%

--

170.39%

Basic earnings per share

(RMB/share)

0.4448

--

0.4942

0.1828

Increase 143.33%

--

170.37%

Notes to the forecast The property sales carryforwards to the year 2018 dramatically increased year-on-year.

V Securities Investments

□ Applicable √ Not applicable

No such cases in the Reporting Period.

VI Wealth Management Entrustment

√ Applicable □ Not applicable

Unit: RMB’0,000 (in RMB ten thousand yuan)

Type of wealth

management

Funding source Principal

Outstanding amount

before maturity

Overdue amountWealth management

product purchased from

Idly self-funded 60,000

60,000

bankTotal 60,000

60,000

High-risk wealth management entrustments with amounts that are individually significant, or with low security, low liquidity, or noprotection of the principal:

□ Applicable √ Not applicable

Wealth management entrustments with possible impairments including an expectedly unrecoverable principal:

□ Applicable √ Not applicable

VII Investments in Derivative Financial Instruments

□ Applicable √ Not applicable

No such cases in the Reporting Period.

VIII Visits Paid to the Company for Purposes of Research, Communication, Interview, etc.during Reporting Period

√ Applicable □ Not applicable

Date of visit

Way of visit

Type of visitor

Way of visit

About12 July 2018 By phone

Individual

Inquired of semi-annual operating conditions of the Company, theprogress of assets restructuring and the expected time for share trading

resumption, and didn’t offer written materials

2 August 2018 By phone

Individual

Inquired of the progress of assets restructuring, time for share trading

resumption, the estimated disclosed time of interim report, and didn’t offer

written materials21 August 2018 By phone

Individual

Inquired of the progress of assets restructuring and the time for share

trading resumption, and didn’t offer written materials

17 September 2018

By phone

Individual

Inquired of the progress of assets restructuring and the time for share

trading resumption, and didn’t offer written materials

28 September 2018

By phone

Individual

Inquired of the progress of assets restructuring, the operating conditions ofthe Company and the estimated disclosed time of third quarter report, and

didn’t offer written materials

IX Irregularities in Provision of Guarantees for External Parties

□ Applicable √ Not applicable

No such cases in the Reporting Period.

X Occupation of the Company’s Capital by Controlling Shareholder or Its Related Parties for

Non-Operating Purposes

□ Applicable √ Not applicable

No such cases in the Reporting Period.

Part IV Financial Statements

I Financial Statements

1. Consolidated Balance Sheet

Prepared by ShenZhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.

30 September 2018

Unit: RMBItem 30 September 2018 31 December 2017Current assets:

Monetary capital1,195,341,792.38

1,207,079,090.29

Settlement reserve

Interbank loans granted

Financial assets at fair value through profit or loss

Derivative financial assets

Notes and accounts receivable 155,064,261.72

143,013,443.05

Including: Notes receivable

5,921,287.00

Accounts receivable 155,064,261.72

137,092,156.05

Prepayments4,799,752.83

6,040,367.51

Premiums receivable

Reinsurance receivables

Receivable reinsurance contract reserve

Other receivables48,087,020.29

76,955,351.38

Financial assets purchased under resale agreements

Inventories1,675,720,610.56

1,764,086,643.94

Assets classified as held for sale

Current portion of non-current assets

Other current assets 606,889,159.07

11,369,544.80

Total current assets3,685,902,596.85

3,208,544,440.97

Non-current assets:

Loans and advances to customers

Available-for-sale financial assets 17,464,240.74

17,464,240.74

Held-to-maturity investments

Long-term receivables

Long-term equity investments29,888,661.65

29,888,661.65

Investment property 630,002,783.54

647,297,124.04

Fixed assets34,916,310.70

37,937,868.71

Construction in progress

Productive living assets

Oil and gas assets

Intangible assets

55,200.00

R&D expense

Goodwill

Long-term prepaid expense 442,332.39

586,350.66

Deferred income tax assets48,821,440.51

47,490,095.19

Other non-current assets

Total non-current assets761,535,769.53

780,719,540.99

Total assets 4,447,438,366.38

3,989,263,981.96

Current liabilities:

Short-term borrowings 35,048,803.88

104,207,653.64

Borrowings from central bank

Customer deposits and interbank deposits

Interbank loans obtained

Financial liabilities at fair value through profit or loss

Derivative financial liabilities

Notes and accounts payable 219,554,469.82

190,629,756.30

Advances from customers279,191,515.39

332,152,016.54

Financial assets sold under repurchase agreements

Handling charges and commissions payable

Payroll payable 37,897,653.43

30,516,219.96

Taxes payable93,556,953.74

86,153,526.89

Other payables 674,696,256.06

391,480,367.04

Reinsurance payables

Insurance contract reserve

Payables for acting trading of securities

Payables for underwriting of securities

sale

Liabilities directly associated with assets classified as held for

Current portion of non-current liabilities 17,773,200.00

64,000,000.00

Other current liabilities

Total current liabilities 1,357,718,852.32

1,199,139,540.37

Non-current liabilities:

Long-term borrowings 13,340,200.00

82,000,000.00

Bonds payable

Including: Preferred shares

Perpetual bonds

Long-term payables 6,151,782.28

8,101,880.05

Long-term payroll payable

Provisions

Deferred income

Deferred income tax liabilities

Other non-current liabilities

Total non-current liabilities 19,491,982.28

90,101,880.05

Total liabilities1,377,210,834.60

1,289,241,420.42

Owners’ equity:

Share capital1,011,660,000.00

1,011,660,000.00

Other equity instruments

Including: Preferred shares

Perpetual bonds

Capital reserves978,244,910.11

978,244,910.11

Less: Treasury stock

Other comprehensive income7,370,333.73

10,045,697.16

Specific reserve

Surplus reserves85,666,668.00

85,666,668.00

General reserve

Retained earnings1,116,625,211.24

742,624,845.71

Total equity attributable to owners of the Company as the parent 3,199,567,123.08

2,828,242,120.98

Non-controlling interests-129,339,591.30

-128,219,559.44

Total owners’ equity 3,070,227,531.78

2,700,022,561.54

Total liabilities and owners’ equity4,447,438,366.38

3,989,263,981.96

Legal representative: Zhou Jianguo Head of financial affairs: Tang Xiaoping

Head of the financial arm: Qiao Yanjun

2. Balance Sheet of the Company as the Parent

Unit: RMBItem 30 September 2018 31 December 2017Current assets:

Monetary capital 428,124,916.01

726,801,673.89

Financial assets at fair value through profit or loss

Derivative financial assets

Notes and accounts receivable 4,499,881.80

4,482,074.17

Including: Notes receivable

Accounts receivable 4,499,881.80

4,482,074.17

Prepayments 200,000.00

Other receivables 767,906,103.05

1,069,266,476.08

Inventories 482,393,473.08

365,067,776.29

Assets classified as held for sale

Current portion of non-current assets

Other current assets 600,298,788.51

165,020.02

Total current assets 2,283,423,162.45

2,165,783,020.45

Non-current assets:

Available-for-sale financial assets 12,000,000.00

12,000,000.00

Held-to-maturity investments

Long-term receivables

Long-term equity investments 248,870,407.21

248,870,407.21

Investment property 516,488,961.55

532,414,374.79

Fixed assets 22,577,411.97

24,371,839.21

Construction in progress

Productive living assets

Oil and gas assets

Intangible assets

55,200.00

R&D expense

Goodwill

Long-term prepaid expense 391,988.17

529,905.52

Deferred income tax assets 43,449.93

Other non-current assets

Total non-current assets800,372,218.83

818,241,726.73

Total assets 3,083,795,381.28

2,984,024,747.18

Current liabilities:

Short-term borrowings

Financial liabilities at fair value through profit or loss

Derivative financial liabilities

Notes and accounts payable5,204,612.88

6,803,512.99

Advances from customers 93,435.00

93,435.00

Payroll payable14,930,925.93

8,761,156.65

Taxes payable 54,325,790.81

52,311,869.66

Other payables370,369,641.92

194,730,771.40

sale

Liabilities directly associated with assets classified as held for

Current portion of non-current liabilities 17,773,200.00

64,000,000.00

Other current liabilities

Total current liabilities 462,697,606.54

326,700,745.70

Non-current liabilities:

Long-term borrowings 13,340,200.00

82,000,000.00

Bonds payable

Including: Preferred shares

Perpetual bonds

Long-term payables

Long-term payroll payable

Provisions

Deferred income

Deferred income tax liabilities

Other non-current liabilities

Total non-current liabilities 13,340,200.00

82,000,000.00

Total liabilities476,037,806.54

408,700,745.70

Owners’ equity:

Share capital1,011,660,000.00

1,011,660,000.00

Other equity instruments

Including: Preferred shares

Perpetual bonds

Capital reserves 978,244,910.11

978,244,910.11

Less: Treasury stock

Other comprehensive income

Specific reserve

Surplus reserves 62,537,054.59

62,537,054.59

Retained earnings555,315,610.04

522,882,036.78

Total owners’ equity 2,607,757,574.74

2,575,324,001.48

Total liabilities and owners’ equity3,083,795,381.28

2,984,024,747.18

3. Consolidated Income Statement for Q3

Unit: RMBItem Q3 2018 Q3 20171. Revenue 282,588,259.93

233,287,425.63

Including: Operating revenue282,588,259.93

233,287,425.63

Interest income

Premium income

Handling charge and commission income

2. Operating costs and expenses220,887,629.95

211,967,739.46

Including: Cost of sales 166,327,629.97

191,067,478.03

Interest expense

Handling charge and commission expense

Surrenders

Net claims paid

Net amount provided as insurance contract reserve

Expenditure on policy dividends

Reinsurance premium expense

Taxes and surcharges 39,426,927.21

6,757,925.61

Selling expense4,074,837.74

5,549,604.20

Administrative expense 12,770,414.32

8,760,792.21

R&D expense 0.00

Finance costs -1,712,179.29

-168,060.59

Including: Interest expense799,817.42

2,385,365.33

Interest income 2,555,154.36

2,611,951.67

Asset impairment loss0.00

0.00

Add: Other income 0.00

0.00

Investment income (“-” for loss) 0.00

0.00

associates

0.00

Including: Share of profit or loss of joint ventures and

0.00

Gain on changes in fair value (“-” for loss) 0.00

0.00

Foreign exchange gain (“-” for loss)487,424.56

-388,764.88

Asset disposal income (“-” for loss) -194.95

-3,518.85

3. Operating profit (“-” for loss)62,187,859.59

20,927,402.44

Add: Non-operating income 421,906.22

3,210.52

Less: Non-operating expense170,595.26

4,162.73

4. Profit before tax (“-” for loss) 62,439,170.55

20,926,450.23

Less: Income tax expense17,457,900.83

8,520,281.69

5. Net profit (“-” for net loss) 44,981,269.72

12,406,168.54

5.1 Net profit from continuing operations (“-” for net loss) 44,981,269.72

12,406,168.54

5.2 Net profit from discontinued operations (“-” for net loss)

0.00

Net profit attributable to owners of the Company as the parent

44,934,281.00

12,356,333.26

Net profit attributable to non-controlling interests 46,988.72

49,835.28

6. Other comprehensive income, net of tax-3,127,250.66

2,101,707.56

Attributable to owners of the Company as the parent -2,189,075.46

1,471,195.30

6.1 Items that will not be reclassified to profit or loss0.00

0.00

remeasurements on defined benefit pension schemes

0.00

6.1.1 Changes in net liabilities or assets caused by

0.00

6.1.2 Share of other comprehensive income of investees that

will not be reclassified to profit or loss under equity method

0.00

6.1.2 Share of other comprehensive income of investees that

0.00

6.2 Items that may subsequently be reclassified to profit or

loss

-2,189,075.46

6.2 Items that may subsequently be reclassified to profit or

1,471,195.30

6.2.1

Share of other comprehensive income of investees that

will be reclassified to profit or loss under equity method

0.00

Share of other comprehensive income of investees that

0.00

6.2.2 Gain/Loss on changes in fair value of

available-for-sale financial assets

0.00

6.2.2 Gain/Loss on changes in fair value of

0.00

6.2.3

Gain/Loss arising from reclassification of

held-to-maturity investments to available-for-sale financial assets

Gain/Loss arising from reclassification of

0.00

0.00

6.2.4 Effective gain/loss on cash flow hedges 0.00

0.00

currency-denominated financial statements

-2,189,075.46

6.2.5 Differences arising from translation of foreign

1,471,195.30

6.2.6 Other 0.00

0.00

Attributable to non-controlling interests -938,175.20

630,512.26

7. Total comprehensive income 41,854,019.06

14,507,876.10

Attributable to owners of the Company as the parent 42,745,205.54

13,827,528.56

Attributable to non-controlling interests-891,186.48

680,347.54

8. Earnings per share

8.1 Basic earnings per share0.0444

0.0122

8.2 Diluted earnings per share 0.0444

0.0122

Where business combinations under common control occurred in the current period, the net profit achieved by the acquirees beforethe combinations was RMB0.00, with the amount for the same period of last year being RMB0.00.

Legal representative: Zhou Jianguo Head of financial affairs: Tang XiaopingHead of the financial arm: Qiao Yanjun

4. Income Statement of the Company as the Parent for Q3

Unit: RMBItem Q3 2018 Q3 20171. Operating revenue 14,863,056.88

13,471,349.96

Less: Cost of sales6,069,598.33

6,307,313.70

Taxes and surcharges 1,897,242.49

1,612,856.89

Selling expense456,770.95

266,196.50

Administrative expense 3,578,442.56

3,272,107.52

R&D expense0.00

0.00

Finance costs -6,865,892.80

-7,860,577.41

Including: Interest expense434,797.18

2,082,743.07

Interest income 7,303,315.43

9,949,853.83

Asset impairment loss0.00

0.00

Add: Other income 7,238,497.24

-5,478,809.68

Investment income (“-” for loss) 0.00

0.00

associates

0.00

Including: Share of profit or loss of joint ventures and

0.00

Gain on changes in fair value (“-” for loss) 0.00

0.00

Asset disposal income (“-” for loss)

2. Operating profit (“-” for loss) 16,965,392.59

4,394,643.08

Add: Non-operating income 0.04

0.00

Less: Non-operating expense 100,000.00

0.00

3. Profit before tax (“-” for loss) 16,865,392.63

4,394,643.08

Less: Income tax expense 4,252,167.10

1,873,814.49

4. Net profit (“-” for net loss) 12,613,225.53

2,520,828.59

4.1 Net profit from continuing operations (“-” for net loss) 12,613,225.53

2,520,828.59

4.2 Net profit from discontinued operations (“-” for net loss) 0.00

0.00

5. Other comprehensive income, net of tax0.00

0.00

5.1 Items that will not be reclassified to profit or loss 0.00

0.00

remeasurements on defined benefit pension schemes

0.00

5.1.1 Changes in net liabilities or assets caused by

0.00

5.1.2 Share of other comprehensive income of investees th

will not be reclassified to profit or loss under equity method

0.00

at

0.00

5.2 Items that may subsequently be reclassified to profit or loss

0.00

0.00

5.2.1 Share of other comprehensive income of investees that

will be reclassified to profit or loss under equity method

0.00

5.2.1 Share of other comprehensive income of investees that

0.00

5.2.2 Gain/Loss on changes in fair value of available-for-

sale

financial assets

0.00

sale

0.00

5.2.3

Gain/Loss arising from reclassification of

held-to-maturity investments to available-for-sale financial assets

Gain/Loss arising from reclassification of

0.00

0.00

5.2.4 Effective gain/loss on cash flow hedges 0.00

0.00

currency-denominated financial statements

0.00

5.2.5 Differences arising from translation of foreign

0.00

5.2.6 Other0.00

0.00

6. Total comprehensive income 12,613,225.53

2,520,828.59

7. Earnings per share

7.1 Basic earnings per share 0.0125

0.0025

7.2 Diluted earnings per share0.0125

0.0025

5. Consolidated Income Statement for Q1~Q3

Unit: RMBItem Q1~Q3 2018 Q1~Q3 20171. Revenue 1,600,129,891.28

964,594,407.66

Including: Operating revenue1,600,129,891.28

964,594,407.66

Interest income

Premium income

Handling charge and commission income

2. Operating costs and expenses1,098,971,752.95

759,413,539.37

Including: Cost of sales 706,745,121.38

686,017,275.92

Interest expense

Handling charge and commission expense

Surrenders

Net claims paid

Net amount provided as insurance contract reserve

Expenditure on policy dividends

Reinsurance premium expense

Taxes and surcharges316,767,417.97

30,671,236.84

Selling expense 41,241,971.51

12,382,407.96

Administrative expense44,506,615.17

33,480,030.90

R&D expense

Finance costs-10,289,373.08

-3,137,412.25

Including: Interest expense 3,817,172.20

6,662,172.37

Interest income 14,324,520.82

10,011,663.67

Asset impairment loss

Add: Other income

Investment income (“-” for loss) 827,100.00

650,000.00

associates

Including: Share of profit or loss of joint ventures and

Gain on changes in fair value (“-” for loss)

Foreign exchange gain (“-” for loss) 521,899.87

-722,544.96

Asset disposal income (“-” for loss)-19,206.48

-61,706.41

3. Operating profit (“-” for loss) 502,487,931.72

205,046,616.92

Add: Non-operating income517,741.45

320,231.95

Less: Non-operating expense 351,137.06

67,588.96

4. Profit before tax (“-” for loss)502,654,536.11

205,299,259.91

Less: Income tax expense 128,627,618.11

55,693,421.41

5. Net profit (“-” for net loss)374,026,918.00

149,605,838.50

5.1 Net profit from continuing operations (“-” for net loss) 374,026,918.00

149,605,838.50

5.2 Net profit from discontinued operations (“-” for net loss)

Net profit attributable to owners of the Company as the parent

374,000,365.53

149,582,935.10

Net profit attributable to non-controlling interests26,552.47

22,903.40

6. Other comprehensive income, net of tax -3,821,947.76

4,153,221.38

Attributable to owners of the Company as the parent-2,675,363.43

2,907,254.98

6.1 Items that will not be reclassified to profit or loss

6.1.1

remeasurements on defined benefit pension schemes

Changes in net liabilities or assets caused by

will not be reclassified to profit or loss under equity method

6.1.2 Share of other comprehensive income of investees that

loss

-2,675,363.43

6.2 Items that may subsequently be reclassified to profit or

2,907,254.98

6.2.1 Share of other comprehensive income of investees that

will be reclassified to profit or loss under equity method

6.2.1 Share of other comprehensive income of investees that

6.2.2 Gain/Loss on changes in fair v

available-for-sale financial assets

alue of

held-to-maturity investments to available-for-sale financial assets

6.2.3 Gain/Loss arising from reclassification of

6.2.4 Effective gain/loss on cash flow hedges

6.2.5

currency-denominated financial statements

-2,675,363.43

Differences arising from translation of foreign

2,907,254.98

6.2.6 Other

Attributable to non-controlling interests -1,146,584.33

1,245,966.40

7. Total comprehensive income370,204,970.24

153,759,059.88

Attributable to owners of the Company as the parent 371,325,002.10

152,490,190.08

Attributable to non-controlling interests-1,120,031.86

1,268,869.80

8. Earnings per share

8.1 Basic earnings per share0.3697

0.1479

8.2 Diluted earnings per share 0.3697

0.1479

Where business combinations under common control occurred in the current period, the net profit achieved by the acquirees beforethe combinations was RMB0.00, with the amount for the same period of last year being RMB0.00.

6. Income Statement of the Company as the Parent for Q1~Q3

Unit: RMBItem Q1~Q3 2018 Q1~Q3 20171. Operating revenue 44,850,524.39

243,028,509.35

Less: Cost of sales18,653,268.07

117,577,476.14

Taxes and surcharges 5,552,046.60

7,458,223.71

Selling expense1,364,929.87

1,230,781.87

Administrative expense 14,472,955.77

14,566,751.21

R&D expense

Finance costs -29,451,306.05

-25,114,582.00

Including: Interest expense2,163,250.22

5,870,083.28

Interest income 31,630,411.09

31,005,926.97

Asset impairment loss

Add: Other income 8,147,643.61

-10,113,199.89

Investment income (“-” for loss) 827,100.00

170,043,952.18

associates

Including: Share of profit or loss of joint ventures and

Gain on changes in fair value (“-” for loss)

Asset disposal income (“-” for loss)-13,299.25

2. Operating profit (“-” for loss) 43,220,074.49

287,240,610.71

Add: Non-operating income34,352.63

2.69

Less: Non-operating expense 230,000.00

12,574.69

3. Profit before tax (“-” for loss)43,024,427.12

287,228,038.71

Less: Income tax expense 10,590,853.86

30,077,031.40

4. Net profit (“-” for net loss)32,433,573.26

257,151,007.31

4.1 Net profit from continuing operations (“-” for net loss) 32,433,573.26

257,151,007.31

4.2 Net profit from discontinued operations (“-” for net loss)

5. Other comprehensive income, net of tax

5.1 Items that will not be reclassified to profit or loss

5.1.1

remeasurements on defined benefit pension schemes

Changes in net liabilities or assets caused by

5.1.2 Share of other comprehensive income of investees th

will not be reclassified to profit or loss under equity method

at

5.2 Items that may subsequently be reclassified to profit or loss

will be reclassified to profit or loss under equity method

5.2.1 Share of other comprehensive income of investees that

5.2.2 Gain/Loss on changes in fair value of available-for-

financial assets

sale

held-to-maturity investments to available-for-sale financial assets

5.2.3 Gain/Loss arising from reclassification of

5.2.4 Effective gain/loss on cash flow hedges

5.2.5

currency-denominated financial statements

Differences arising from translation of foreign

5.2.6 Other

6. Total comprehensive income32,433,573.26

257,151,007.31

7. Earnings per share

7.1 Basic earnings per share0.0321

0.2542

7.2 Diluted earnings per share 0.0321

0.2542

7. Consolidated Cash Flow Statement for Q1~Q3

Unit: RMBItem Q1~Q3 2018 Q1~Q3 20171. Cash flows from operating activities:

Proceeds from sale of commodities and rendering of services 1,605,041,920.88

952,036,798.69

Net increase in customer deposits and interbank deposits

Net increase in borrowings from central bank

Net increase in loans from other financial institutions

Premiums received on original insurance contracts

Net proceeds from reinsurance

Net increase in deposits and investments of policy holders

Net increase in proceeds from disposal of

value through profit or loss

financial assets at fair

Interest, handling charges and commissions received

Net increase in interbank loans obtained

Net increase in proceeds from repurchase transactions

Tax rebates76,431.00

Cash generated from other operating activities 59,337,154.87

63,746,128.65

Subtotal of cash generated from operating activities1,664,455,506.75

1,015,782,927.34

Payments for commodities and services 558,011,313.21

851,439,343.84

Net increase in loans and advances to customers

granted

Net increase in deposits in central bank and in interbank loans

Payments for claims on original insurance contracts

Interest, handling charges and commissions paid

Policy dividends paid

Cash paid to and for employees97,813,296.51

111,403,737.30

Taxes paid 241,207,281.47

137,641,963.40

Cash used in other operating activities102,625,183.85

115,946,893.92

Subtotal of cash used in operating activities 999,657,075.04

1,216,431,938.46

Net cash generated from/used in operating activities664,798,431.71

-200,649,011.12

2. Cash flows from investing activities:

Proceeds from disinvestment

1,376,616.35

Investment income 827,100.00

650,000.00

Net proceeds from disposal of fixed assets, intangible assets and

14,976.00

other long-lived assetsNet proceeds from disposal of subsidiaries or other business units

7,286,982.00

Cash generated from other investing activities

Subtotal of cash generated from investing activities 827,100.00

9,328,574.35

other long-lived assets

290,565.47

Payments for acquisition of fixed assets, intangible assets and

684,803.49

Payments for investments

Net increase in pledged loans granted

units

Net payments for acquisition of subsidiaries and other business

Cash used in other investing activities 600,000,000.00

Subtotal of cash used in investing activities600,290,565.47

684,803.49

Net cash generated from/used in investing activities -599,463,465.47

8,643,770.86

3. Cash flows from financing activities:

Capital contributions received

Including: Capital contributions by non-

subsidiaries

controlling interests to

Increase in borrowings obtained2,000,000.00

20,900,000.00

Net proceeds from issuance of bonds

Cash generated from other financing activities

Subtotal of cash generated from financing activities 2,000,000.00

20,900,000.00

Repayment of borrowings135,786,600.00

32,216,016.22

Payments for interest and dividends 2,340,457.86

7,260,786.99

Including: Dividends paid by subsidiaries to non-

interests

controlling

Cash used in other financing activities

Subtotal of cash used in financing activities 138,127,057.86

39,476,803.21

Net cash generated from/used in financing activities -136,127,057.86

-18,576,803.21

equivalents

366,593.43

4. Effect of foreign exchange rate changes on cash and cash

-532,868.23

5. Net increase in cash and cash equivalents-70,425,498.19

-211,114,911.70

Add: Cash and cash equivalents, beginning of the period 1,265,767,290.57

1,265,767,290.57

6. Cash and cash equivalents, end of the period1,195,341,792.38

1,054,652,378.87

8. Cash Flow Statement of the Company as the Parent for Q1~Q3

Unit: RMB

Item Q1~Q3 2018 Q1~Q3 20171. Cash flows from operating activities:

Proceeds from sale of commodities and rendering of services 50,519,310.84

122,602,887.22

Tax rebates76,431.00

Cash generated from other operating activities 558,131,067.59

17,886,514.26

Subtotal of cash generated from operating activities608,726,809.43

140,489,401.48

Payments for commodities and services 98,788,937.22

68,730,205.88

Cash paid to and for employees23,664,067.51

29,550,117.76

Taxes paid 19,277,387.12

61,804,843.80

Cash used in other operating activities49,597,541.55

61,639,460.72

Subtotal of cash used in operating activities 191,327,933.40

221,724,628.16

Net cash generated from/used in operating activities417,398,876.03

-81,235,226.68

2. Cash flows from investing activities:

Proceeds from disinvestment

Investment income 827,100.00

650,000.00

other long-lived assets

Net proceeds from disposal of fixed assets, intangible assets and

Net proceeds from disposal of subsidiaries or other business units

7,286,982.00

Cash generated from other investing activities

Subtotal of cash generated from investing activities827,100.00

7,936,982.00

other long-lived assets

119,374.00

Payments for acquisition of fixed assets, intangible assets and

112,874.00

Payments for investments

units

Net payments for acquisition of subsidiaries and other business

Cash used in other investing activities 600,000,000.00

Subtotal of cash used in investing activities600,119,374.00

112,874.00

Net cash generated from/used in investing activities -599,292,274.00

7,824,108.00

3. Cash flows from financing activities:

Capital contributions received

Increase in borrowings obtained

Net proceeds from issuance of bonds

Cash generated from other financing activities

Subtotal of cash generated from financing activities

Repayment of borrowings114,886,600.00

21,216,016.22

Payments for interest and dividends 1,883,272.84

6,495,933.73

Cash used in other financing activities

Sub-total of cash used in financing activities 116,769,872.84

27,711,949.95

Net cash generated from/used in financing activities-116,769,872.84

-27,711,949.95

equivalents

-13,487.07

4. Effect of foreign exchange rate changes on cash and cash

-33,480.46

5. Net increase in cash and cash equivalents -298,676,757.88

-101,156,549.09

Add: Cash and cash equivalents, beginning of the period726,801,673.89

818,261,250.52

6. Cash and cash equivalents, end of the period 428,124,916.01

717,104,701.43

II Independent Auditor’s Report

Indicate by tick mark whether the financial statements above have been audited by an independent auditor.

□Yes √ No

These financial statements have not been audited by such an auditor.


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