China Fangda Group Co., Ltd.
2020 Third Quarter Report
October 2020
I Important Statement
The members of the Board and the Company guarantee that theannouncement is free from any false information, misleading statement ormaterial omission and are jointly and severally liable for the information’struthfulness, accuracy and integrity.
All the Directors have attended the meeting of the board meeting at whichthis report was examined.
Mr. Xiong Jianming, the Chairman of Board, Mr. Lin Kebin, the ChiefFinancial Officer, and Mr. Wu Bohua, the manager of accounting departmentdeclare: the Financial Report carried in this report is authentic and completed.
II. General Information
1. Financial Highlight
Whether the Company needs to make retroactive adjustment or restatement of financial data of previous years
□ Yes √ No
End of the report period | End of last year | Year-on-year change | ||||
Total asset (RMB) | 11,906,374,078.74 | 11,369,964,580.11 | 4.72% | |||
Net profit attributable to the shareholders of the listed company (RMB) | 5,204,160,939.88 | 5,182,795,079.67 | 0.41% | |||
This report period | Year-on-year change (%) | Between beginning of the year to the end of the report period | Change from the same period last year | |||
Turnover (yuan) | 848,436,105.17 | 21.34% | 2,100,044,169.59 | -1.18% | ||
Net profit attributable to shareholders of the listed company (yuan) | 68,793,891.42 | 150.45% | 215,633,776.00 | 38.18% | ||
Net profit attributable to the shareholders of the listed company and after deducting of non-recurring gain/loss (RMB) | 54,966,749.35 | 250.97% | 201,259,597.30 | 55.97% | ||
Net cash flow generated by business operation (RMB) | 316,947,166.56 | 987.05% | 179,961,687.16 | 144.06% | ||
Basic earnings per share (yuan/share) | 0.06 | 200.00% | 0.20 | 42.86% | ||
Diluted Earnings per share (yuan/share) | 0.06 | 200.00% | 0.20 | 42.86% | ||
Weighted average net income/asset ratio | 1.32% | Increased by 0.77 percentage points | 4.13% | Increased by 1.02 percentage points |
Note: Due to changes in the accounting estimates of the expected credit loss rate of accounts receivable and contract assets in 2020,the net profit from January to September 2020 will increase by RMB 84,734,058.68.Accidental gain/loss item and amount
√ Applicable □ Inapplicable
In RMB
Item | Amount from beginning of the year to the end of the report period | Notes |
Non-current asset disposal gain/loss (including the write-off part for which assets impairment provision is made) | 10,159,456.23 | |
Subsidies accounted into the current income account (except the government subsidy closely related to the enterprise’s business and based on unified national standard quota) | 7,433,515.71 | |
Gain/loss from change of fair value of transactional financial asset and liabilities, and investment gains from disposal of transactional and derivative financial assets and liabilities and sellable financial assets, other than valid period value instruments related to the Company’s common businesses | 5,211,270.22 | |
Gain/loss from commissioned loans | 397,420.84 | |
Gain/loss from change of fair value of investment property measured at fair value in follow-up measurement | 174,286.01 | |
Other non-business income and expenditures other than the above | -5,875,702.70 | |
Less: Influenced amount of income tax | 3,052,223.50 | |
Influenced amount of minority shareholders’ equity (after-tax) | 73,844.11 | |
Total | 14,374,178.70 | -- |
Explanation statement should be made for accidental gain/loss items defined and accidental gain/loss items defined as regulargain/loss items according to the Explanation Announcement of Information Disclosure No. 1 - Non-recurring gain/loss mentioned.
□ Applicable √ Inapplicable
No circumstance that should be defined as recurrent profit and loss according to Explanation Announcement of InformationDisclosure No. 1 - Non-recurring gain/loss occurs in the report period.
2. Total number of shareholders and shareholding of top 10 shareholders by the end of thereport period
1. Ordinary shareholders, preference shareholders with resumed voting rights and top 10 shareholders
In share
Number of shareholders of common shares at the end of the report period | 61,688 | Number of shareholders of preferred stocks of which voting rights recovered in the report period (if any) | 0 | |||||
Top 10 Shareholders | ||||||||
Shareholder name | Nature of shareholder | Shareholding percentage | Shareholding number | Conditional shares | Pledging or freezing | |||
Share status | Quantity | |||||||
Shenzhen Banglin Technologies | Domestic non-state legal person | 10.77% | 117,183,046 | Pledged | 32,700,000 |
Development Co., Ltd. | ||||||
Shengjiu Investment Ltd. | Foreign legal person | 9.66% | 105,134,562 | |||
Fang Wei | Domestic natural person | 2.79% | 30,322,437 | |||
Gong Qing Cheng Shi Li He Investment Management Partnership Enterprise (limited partner) | Domestic non-state legal person | 2.46% | 26,791,488 | |||
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND | Foreign legal person | 0.64% | 6,962,407 | |||
VANGUARD EMERGING MARKETS STOCK INDEX FUND | Foreign legal person | 0.58% | 6,312,683 | |||
Shenwan Hongyuan Securities (Hong Kong) Co., Ltd. | Foreign legal person | 0.52% | 5,705,823 | |||
Qu Chunlin | Domestic natural person | 0.51% | 5,557,161 | |||
First Shanghai Securities Limited | Foreign legal person | 0.36% | 3,938,704 | |||
Shanghai Silver Leaf Investment Co., Ltd.-Silver Leaf Quantitative Hedging Phase 2 Private Securities Investment Fund | Others | 0.35% | 3,755,500 | |||
Top 10 holders of unconditional shares | ||||||
Shareholder name | Amount of shares without sales restriction | Category of shares |
Category of shares | Quantity | ||
Shenzhen Banglin Technologies Development Co., Ltd. | 117,183,046 | RMB common shares | 117,183,046 |
Shengjiu Investment Ltd. | 105,134,562 | Foreign shares listed in domestic exchanges | 105,134,562 |
Fang Wei | 30,322,437 | RMB common shares | 30,322,437 |
Gong Qing Cheng Shi Li He Investment Management Partnership Enterprise (limited partner) | 26,791,488 | RMB common shares | 26,791,488 |
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND | 6,962,407 | Domestically listed foreign shares | 6,962,407 |
VANGUARD EMERGING MARKETS STOCK INDEX FUND | 6,312,683 | Domestically listed foreign shares | 6,312,683 |
Shenwan Hongyuan Securities (Hong Kong) Co., Ltd. | 5,705,823 | Domestically listed foreign shares | 5,705,823 |
Qu Chunlin | 5,557,161 | RMB common shares | 5,557,161 |
First Shanghai Securities Limited | 3,938,704 | Domestically listed foreign shares | 3,938,704 |
Shanghai Silver Leaf Investment Co., Ltd.-Silver Leaf Quantitative Hedging Phase 2 Private Securities Investment Fund | 3,755,500 | RMB common shares | 3,755,500 |
Notes to top ten shareholder relationship or "action in concert" | Among the shareholders, Shenzhen Banglin Technology Development Co., Ltd. and Shengjiu Investment Co., Ltd. are parties action-in-concert. Shenzhen Banglin Technology Development Co., Ltd. and Gong Qing Cheng Shi Li He Investment Management Partnership Enterprise are related parties. The Company is not notified of other action-in-concert or related parties among the other holders of current shares. | ||
Top-10 common share shareholders participating in margin trade (if any) | Shenzhen Banglin Technology Development Co., Ltd. holds 55,000,000 shares of the Company through the customer credit transaction guarantee securities account of Ping An Securities Co., Ltd., and Shanghai Yinye Investment Co., Ltd.-Yinye Quantitative Hedging Phase 2 Private Securities Investment Fund through Xiangcai Securities Co., Ltd. The customer credit transaction guarantee securities account holds 3,755,500 shares of the |
Agreed re-purchasing by the Company’s top 10 shareholders of common shares and top 10 shareholders of unconditional commonshares in the report period
□ Yes √ No
No agreed re-purchasing by the Company’s top 10 shareholders of common shares and top 10 shareholders of unconditional commonshares in the report period
2. Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end ofthe report period
□ Applicable √ Inapplicable
III Significant Events
1. Major changes in accounting items and financial data in the report period and reasons
√ Applicable □ Inapplicable
Item | September 30, 2020 | December 31, 2019 | YOY change (%) | Reason |
Transactional financial assets | 83,641,134.43 | 10,330,062.18 | 709.69% | Mainly due to increase in Closing balance bank borrowings |
Notes receivable | 154,118,383.63 | 305,070,930.97 | -49.48% | Mainly due to the decrease of unterminated notes receivable |
Account receivable | 477,375,042.94 | 1,956,191,307.07 | -75.60% |
Contract assets | 1,828,732,752.68 | 0.00 | ||
Short-term loans | 1,485,747,404.29 | 724,618,197.34 | 105.04% | Mainly due to increase in bank borrowings |
Notes payable | 758,920,601.25 | 578,816,027.44 | 31.12% | Mainly due to increased payment of bills |
Prepayment received | 1,333,551.23 | 136,340,104.73 | -99.02% |
Mainly due to theimplementation of the newrevenue standards to classifyadvance receipts under the oldstandards into contract liabilities;at the same time, the growth ofthe subway screen door businessduring the current period and the
pre-sale of the Fangda Centerproject resulted in an increase incontract liabilities compared tothe advance receipts at the end of
the previous year
Contract liabilities
Contract liabilities | 197,366,616.18 | 0.00 | ||
Employees' wage payable | 23,115,171.51 | 55,847,134.20 | -58.61% | Annual bonus paid |
Taxes payable | 30,336,924.01 | 17,848,987.68 | 69.96% | Mainly due to relevant taxes and fees accrued at the end of the period |
Non-current liabilities due in 1 year | 95,219,592.88 | 922,346,563.72 | -89.68% | Repayment of long-term loans due within 1 year |
Other current liabilities | 58,941,182.96 | 181,694,574.47 | -67.56% | Mainly due to the decrease of unterminated notes receivable |
Long-term loans | 1,117,411,462.35 | 546,501,491.56 | 104.47% | Mainly due to increase in bank borrowings |
Shares in stock | 42,748,530.12 | 0.00 | It is the repurchase cost of B shares that have not yet been cancelled in the current period | |
Surplus reserve | 95,525,281.06 | 159,805,930.34 | -40.22% | Caused by the repurchase and cancellation of B shares in the current period |
Minor shareholders’ equity | 68,338,731.91 | 48,410,009.60 | 41.17% | Mainly due to the transfer of part of the equity of the subsidiary in the current period |
Item | Total amount in this year | Last period | YOY change (%) | Reason |
Taxes and surcharges | 13,933,300.17 | 47,749,346.11 | -70.82% | Mainly due to the decrease in real estate income which is due to the decrease in provision of the land VAT. |
Sales expense | 27,726,818.37 | 40,738,405.49 | -31.94% | Main due to decrease in Expense |
R&D cost | 96,985,432.54 | 35,163,348.44 | 175.81% | Mainly due to increased investment in research and development |
Credit impairment loss | 84,166,868.00 | -22,736,143.99 | 470.19% | Mainly due to changes in accounting estimates for accounts receivable and expected credit loss rate of contract assets in the current period |
Income tax expenses | 27,941,944.61 | 14,924,568.34 | 87.22% | Mainly due to the increase in profits which is due to the increase in income tax |
Net profit attributable to the owners of parent company | 215,633,776.00 | 156,050,013.39 | 38.18% | Mainly due to the increase in the net profit of the subway screen door business in the current period and the increase in the net profit due to the change in the accounting estimate of the expected credit loss rate |
Cash flow generated by business operations, net | 179,961,687.16 | -408,455,390.94 | 144.06% | It is mainly due to the increase in cash flow of operating activities due to the gradual recovery of mortgage bonds in the current period and the decrease in tax and |
expense.
Cash flowgenerated by
investmentactivities, net
Cash flow generated by investment activities, net | -170,657,974.82 | -398,879,702.81 | 57.22% | The net investment expenditure in the current period was mainly due to the increase in the company's production base, fixed assets and investment real estate construction investment and the increase in net wealth management expenditure |
Net cash flow generated by financing activities | 95,892,601.44 | 232,130,880.90 | -58.69% | Mainly due to the increase in bank loans and the payment of cash dividends, and repurchase of B-shares in the current period. |
2. Progress of key issues and its impacts and solutions
□ Applicable √ Inapplicable
Progress in the implementation of share repurchase
√ Applicable □ Inapplicable
1. The company repurchased some 35,105,238 shares of domestically listed foreign shares (B shares) in 2019. The repurchaseand cancellation procedures were completed on May 20, 2020. For details, please refer to the company’s "About Repurchase ofShares" disclosed on May 22, 2020. Announcement of completion of cancellation."
2. As of September 22, 2020, the Company's 2020 repurchase period for some domestically listed foreign shares (B shares) hasexpired. A total 14,404,724 B shares have been repurchased. The highest price of repurchase is HK$3.47 per share. The lowest priceis HK$3.16 per share, and the cumulative payment of HK$48,359,819.24 (including transaction-related expenses). The company hasdisclosed the "Announcement on the Expiry of the Repurchase Period and the Implementation Results of Share Repurchase" onSeptember 24, 2020. The repurchased shares shall be cancelled and the registered capital shall be reduced after being reviewed andapproved by the general meeting of shareholders within three years after the announcement of the repurchase results is disclosed; ifthe Company's shareholders' meeting does not pass the review, the shares that have been repurchased will be transferred within threeyears according to relevant regulations.
Progress in the implementation of the reduction of shareholding shares by means of centralized bidding
□ Applicable √ Inapplicable
3. Commitments that have not been fulfilled by actual controller, shareholders, related parties,acquirers of the Company
□ Applicable √ Inapplicable
There is no commitment that has not been fulfilled by actual controller, shareholders, related parties, acquirers of the Company
4. Financial assets investment
1. Securities investment
□ Applicable √ Inapplicable
The Company made no investment in securities in the report period
2. Derivative investment
√ Applicable □ Inapplicable
In RMB10,000
Derivative investment operator name | Relationship | Related transaction | Type | Initial amount | Start date | End date | Initial investment amount | Amount in this period | Amount sold in this period | Impairment provision (if any) | Closing investment amount | Proportion of closing investment amount in the closing net assets in the report period | Actual gain/loss in the report period |
Shanghai Futures Exchange | No | No | Shanghai aluminum | 06 February 2020 | 30 September 2020 | 17,686.43 | 11,799.08 | 5,887.35 | 1.13% | 217.69 | |||
Banks | No | No | Forward foreign exchange | 2,166 | 2 August 2019 | 30 September 2020 | 2,166 | 7,248.49 | 5,467.07 | 3,947.42 | 0.76% | -13.02 | |
Total | 2,166 | -- | -- | 2,166 | 24,934.92 | 17,266.15 | 9,834.77 | 1.89% | 204.67 | ||||
Capital source | Self-owned fund | ||||||||||||
Lawsuit (if any) | None | ||||||||||||
Disclosure date of derivative investment approval by the Board of Directors (if any) | 16 April 2020 | ||||||||||||
Disclosure date of derivative investment approval by the |
Shareholders’ Meeting (if any) | |
Risk analysis and control measures for the derivative holding in the report period (including without limitation market, liquidity, credit, operation and legal risks) | The company's aluminum futures hedging and foreign exchange derivatives trading business are all derivatives investment business. The company has established and implemented the "Derivatives Investment Business Management Measures" and "Commodity Futures Hedging Business Internal Control and Risk Management System". It has made clear regulations on the approval authority, business management, risk management, information disclosure and file management of derivatives trading business, which can effectively control the risk of the company's derivatives holding positions. |
Changes in the market price or fair value of the derivative in the report period, the analysis of the derivative’s fair value should disclose the method used and related assumptions and parameters. | Fair value of derivatives are measured at open prices in the open market |
Material changes in the accounting policies and rules related to the derivative in the report period compared to last period | None |
Opinions of independent directors on the Company’s derivative investment and risk controlling | None |
5. Progress of investment projects with raised funds
□ Applicable √ Inapplicable
6. Forecast of operating performance in 2020
Warning and reasons of possible net loss or substantial change from the last period between the beginning of the year and the end ofthe next report period
□ Applicable √ Inapplicable
7. Major contracts for daily operations
□ Applicable √ Inapplicable
8. Entrusted wealth management
√ Applicable □ Inapplicable
In RMB10,000
Type | Source of fund | Amount | Undue balance | Due balance to be recovered |
Bank financial products | Self-owned fund | 61,664.52 | 8,364.11 | 0 |
Total | 61,664.52 | 8,364.11 | 0 |
Specific circumstances of high-risk entrusted financing with large individual amount or low security, poor liquidity, and no costprotection
□ Applicable √ Inapplicable
Entrusted financial management expected to fail to recover the principal or likely result in impairment
□ Applicable √ Inapplicable
9. Incompliant external guarantee
□ Applicable √ Inapplicable
The Company made no incompliant external guarantee in the report period.
10. Non-operating capital use by the controlling shareholder or related parties in thereporting term
□ Applicable √ Inapplicable
The controlling shareholder and its affiliates occupied no capital for non-operating purpose of the Company during the report period.
XI. Reception of investigations, communications, or interviews in the reporting period
√ Applicable □ Inapplicable
Time/date | Place | Way | Visitor | Visitor | Main content involved and materials provided | Disclosure of information |
30 September 2020 | Shenzhen Fangda Town Meeting room | Onsite investigation | Institution | Guotai Junan Securities Co., Ltd., Shenzhen Cyberna Capital Management Partnership (Limited Partnership), Shenzhen Dexun Investment Co., Ltd., Shenzhen Qianhai Pai Asset Management Co., Ltd., Shenzhen | Business and future development | Investor Relationship Record Form on www.cninfo.com.cn |
12. Donations
In the first three quarters of 2020, the Company and its employees donated a total of RMB7,772,160 for epidemic prevention andcontrol and targeted poverty alleviation. The main items are as follows:
1. In order to prevent and control the new crown epidemic, the Company supports medical staff who are on the front line of theepidemic, respectively donating RMB2 million to the Wuhan Red Cross Society and RMB1 million to the Jiangxi Red CrossFoundation for the purchase of prevention and control materials, motivate frontline medical staff;
2. Period To help the large tenants in Shenzhen, the Company has reduced the rent by RMB2.52 million;
3. The Company donated RMB2 million to the Jiangxi Red Cross Foundation to support poverty alleviation in Aktao County,Xinjiang;
4. The Company organized party members and employees to donate RMB120,500 to fight the epidemic;
5. The Company donated 50,000 masks to the new district of Nanchang City, equivalent to RMB112,500 in capital;The Company will continue to fulfill its social responsibility for precision poverty alleviation, and make donations from time to
time based on business development.
13. Others
1. New bids and contracted orders
(1) High-end curtain wall system and material industry: In the first three quarters of 2020, the total amount of bids and orderssigned was RMB2.385 billion, and the order reserve was RMB3.433 billion, which was 2.35 times the operating income of thehigh-end curtain wall system and material industry in the first three quarters.
(2) Rail transit screen door equipment industry: In the first three quarters of 2020, the total amount of winning bids and signingorders is RMB734 million, and the order reserve is RMB1.545 billion, which is 3.02 times the operating income of the rail transitscreen door industry in the first three quarters.
2. Real estate:
(1) Shenzhen Fangda Town Project: The remaining small area of the project is for sale. The sales business at the end of this yearwas affected by the epidemic. In the first three quarters, the subscribed sales area was 1,754.31 square meters, and the remaining areafor sale of the project was 5,849.94 square meters; the commercial occupancy rate Reached 99.46%; the newly rented area of officebuildings in the first three quarters was 12,588.86 square meters, and the occupancy rate reached 50%.
(2) Nanchang Fangda Center: The project is located in the Fenghuangzhou District of the New District of Honggutan,Nanchang City. It covers a total area of 16,600 square metres and has a total building area of 66,432.61 square metres. It is a smalland medium-sized commercial complex integrated with office, apartment, shopping, leisure and entertainment. The project is mainlysold and leased, with a sales area of 32,460.11 square metres. It was pre-sold on 28 December 2019. In the first three quarters, thepre-sale area was 2,818.52 square meters.
3. Shenzhen Fangda Bangshen Industrial Park: The project is located in Fuyong, Bao'an District, Shenzhen. It covers an area of20,714.9 square meters and is currently an industrial plant. The project was approved in July 2019. During the reporting period, thecompany is actively promoting the special plan of Fangda BongShen project.
(4) Urban renewal project along the Dagang River in Henggang, Shenzhen: The project is located in Dakang Village, Yuanshan Street,Longgang District, Shenzhen. The area of the project to be demolished is about 72,000 square meters. The update direction is mainlyresidential function, and finally subject to government approval. The Company is currently pushing forward the approval progress ofthe urban renovation project.
IV Financial Statements
1. Financial statements
1. Consolidated Balance Sheet
Prepared by: China Fangda Group Co., Ltd.
In RMB
Item | 30 September 2020 | 31 December 2019 |
Current asset: | ||
Monetary capital | 1,289,159,668.68 | 1,209,811,978.95 |
Settlement provision | ||
Outgoing call loan | ||
Transactional financial assets | 83,641,134.43 | 10,330,062.18 |
Derivative financial assets | 3,952,739.90 | |
Notes receivable | 154,118,383.63 | 305,070,930.97 |
Account receivable | 477,375,042.94 | 1,956,191,307.07 |
Receivable financing | 9,179,487.00 | 2,954,029.00 |
Prepayment | 23,302,232.48 | 21,327,109.18 |
Insurance receivable | ||
Reinsurance receivable | ||
Provisions of Reinsurance contracts receivable | ||
Other receivables | 159,732,818.14 | 139,947,655.35 |
Including: interest receivable | ||
Dividend receivable | ||
Repurchasing of financial assets | ||
Inventory | 779,997,082.47 | 733,711,143.46 |
Contract assets | 1,828,732,752.68 | |
Assets held for sales | ||
Non-current assets due in 1 year | ||
Other current assets | 362,982,490.69 | 323,765,585.90 |
Total current assets | 5,172,173,833.04 | 4,703,109,802.06 |
Non-current assets: |
Loan and advancement provided | ||
Debt investment | ||
Other debt investment | ||
Long-term receivables | ||
Long-term share equity investment | 56,459,068.49 | 57,222,240.83 |
Investment in other equity tools | 19,968,988.33 | 20,660,181.44 |
Other non-current financial assets | 5,022,698.34 | 5,009,728.02 |
Investment real estate | 5,552,142,427.99 | 5,522,391,984.11 |
Fixed assets | 480,197,549.92 | 477,332,830.92 |
Construction in process | 166,389,860.93 | 129,988,982.86 |
Productive biological assets | ||
Gas & petrol | ||
Use right assets | ||
Intangible assets | 77,240,617.61 | 78,322,265.05 |
R&D expense | ||
Goodwill | ||
Long-term amortizable expenses | 3,923,946.28 | 3,875,198.12 |
Deferred income tax assets | 335,363,461.26 | 343,349,564.70 |
Other non-current assets | 37,491,626.55 | 28,701,802.00 |
Total of non-current assets | 6,734,200,245.70 | 6,666,854,778.05 |
Total of assets | 11,906,374,078.74 | 11,369,964,580.11 |
Current liabilities | ||
Short-term loans | 1,485,747,404.29 | 724,618,197.34 |
Loans from Central Bank | ||
Call loan received | ||
Transactional financial liabilities | ||
Derivative financial liabilities | 96,767.62 | |
Notes payable | 758,920,601.25 | 578,816,027.44 |
Account payable | 1,098,594,634.18 | 1,190,773,300.24 |
Prepayment received | 1,333,551.23 | 136,340,104.73 |
Contract liabilities | 197,366,616.18 | |
Selling of repurchased financial assets | ||
Deposit received and held for others |
Entrusted trading of securities | ||
Entrusted selling of securities | ||
Employees' wage payable | 23,115,171.51 | 55,847,134.20 |
Taxes payable | 30,336,924.01 | 17,848,987.68 |
Other payables | 700,271,001.34 | 701,432,408.28 |
Including: interest payable | ||
Dividend payable | ||
Fees and commissions payable | ||
Reinsurance fee payable | ||
Liabilities held for sales | ||
Non-current liabilities due in 1 year | 95,219,592.88 | 922,346,563.72 |
Other current liabilities | 58,941,182.96 | 181,694,574.47 |
Total current liabilities | 4,449,846,679.83 | 4,509,814,065.72 |
Non-current liabilities: | ||
Insurance contract provision | ||
Long-term loans | 1,117,411,462.35 | 546,501,491.56 |
Bond payable | ||
Including: preferred stock | ||
Perpetual bond | ||
Lease liabilities | ||
Long-term payable | ||
Long-term employees’ wage payable | ||
Anticipated liabilities | 3,264,071.97 | 7,793,527.16 |
Deferred earning | 10,699,717.41 | 10,817,247.40 |
Deferred income tax liabilities | 1,052,652,475.39 | 1,063,833,159.00 |
Other non-current liabilities | ||
Total of non-current liabilities | 2,184,027,727.12 | 1,628,945,425.12 |
Total liabilities | 6,633,874,406.95 | 6,138,759,490.84 |
Owner’s equity: | ||
Share capital | 1,088,278,951.00 | 1,123,384,189.00 |
Other equity tools | ||
Including: preferred stock | ||
Perpetual bond |
Capital reserves | 1,454,191.59 | 1,454,191.59 |
Less: Shares in stock | 42,748,530.12 | |
Other miscellaneous income | 1,805,039.91 | -475,409.25 |
Special reserves | ||
Surplus reserve | 95,525,281.06 | 159,805,930.34 |
Common risk provisions | ||
Undistributed profit | 4,059,846,006.44 | 3,898,626,177.99 |
Total of owner’s equity belong to the parent company | 5,204,160,939.88 | 5,182,795,079.67 |
Minor shareholders’ equity | 68,338,731.91 | 48,410,009.60 |
Total of owners’ equity | 5,272,499,671.79 | 5,231,205,089.27 |
Total of liabilities and owner’s interest | 11,906,374,078.74 | 11,369,964,580.11 |
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Wu Bohua
2. Balance Sheet of the Parent Company
In RMB
Item | 30 September 2020 | 31 December 2019 |
Current asset: | ||
Monetary capital | 250,382,070.74 | 175,591,953.63 |
Transactional financial assets | 50,000,000.00 | |
Derivative financial assets | ||
Notes receivable | ||
Account receivable | 750,453.72 | 297,813.76 |
Receivable financing | ||
Prepayment | 1,073,066.42 | 250,205.32 |
Other receivables | 1,441,064,427.21 | 1,973,381,342.74 |
Including: interest receivable | ||
Dividend receivable | ||
Inventory | ||
Contract assets | ||
Assets held for sales | ||
Non-current assets due in 1 year | ||
Other current assets | 1,018,694.08 | 877,430.41 |
Total current assets | 1,744,288,712.17 | 2,150,398,745.86 |
Non-current assets: | ||
Debt investment | ||
Other debt investment | ||
Long-term receivables | ||
Long-term share equity investment | 1,198,831,253.00 | 963,508,253.00 |
Investment in other equity tools | 18,604,010.22 | 18,604,010.22 |
Other non-current financial assets | 30,000,001.00 | 48,831,242.35 |
Investment real estate | 329,160,695.00 | 295,355,002.00 |
Fixed assets | 65,702,216.06 | 67,361,529.52 |
Construction in process | ||
Productive biological assets | ||
Gas & petrol | ||
Use right assets | ||
Intangible assets | 1,600,216.93 | 1,824,589.22 |
R&D expense | ||
Goodwill | ||
Long-term amortizable expenses | 785,225.33 | 934,669.73 |
Deferred income tax assets | 26,039,148.81 | 44,408,630.81 |
Other non-current assets | ||
Total of non-current assets | 1,670,722,766.35 | 1,440,827,926.85 |
Total of assets | 3,415,011,478.52 | 3,591,226,672.71 |
Current liabilities | ||
Short-term loans | 500,514,166.67 | 300,442,988.19 |
Transactional financial liabilities | ||
Derivative financial liabilities | ||
Notes payable | ||
Account payable | 606,941.85 | 606,941.85 |
Prepayment received | 794,358.51 | 746,761.55 |
Contract liabilities | ||
Employees' wage payable | 1,151,295.01 | 3,215,013.16 |
Taxes payable | 12,438,948.60 | 312,647.89 |
Other payables | 389,034,122.67 | 109,837,934.17 |
Including: interest payable | ||
Dividend payable |
Liabilities held for sales | ||
Non-current liabilities due in 1 year | 520,872,206.95 | |
Other current liabilities | ||
Total current liabilities | 904,539,833.31 | 936,034,493.76 |
Non-current liabilities: | ||
Long-term loans | 70,000,000.00 | |
Bond payable | ||
Including: preferred stock | ||
Perpetual bond | ||
Lease liabilities | ||
Long-term payable | ||
Long-term employees’ wage payable | ||
Anticipated liabilities | ||
Deferred earning | ||
Deferred income tax liabilities | 72,577,932.24 | 64,351,075.92 |
Other non-current liabilities | ||
Total of non-current liabilities | 72,577,932.24 | 134,351,075.92 |
Total liabilities | 977,117,765.55 | 1,070,385,569.68 |
Owner’s equity: | ||
Share capital | 1,088,278,951.00 | 1,123,384,189.00 |
Other equity tools | ||
Including: preferred stock | ||
Perpetual bond | ||
Capital reserves | 360,835.52 | 360,835.52 |
Less: Shares in stock | 42,748,530.12 | |
Other miscellaneous income | 1,287,629.38 | 1,287,629.38 |
Special reserves | ||
Surplus reserve | 95,525,281.06 | 159,805,930.34 |
Retained profit | 1,295,189,546.13 | 1,236,002,518.79 |
Total of owners’ equity | 2,437,893,712.97 | 2,520,841,103.03 |
Total of liabilities and owner’s interest | 3,415,011,478.52 | 3,591,226,672.71 |
3. Consolidated Income Statement of the Report Period
In RMB
Item | Amount occurred in the current period | Occurred in previous period |
1. Total revenue | 848,436,105.17 | 699,243,342.82 |
Incl. Business income | 848,436,105.17 | 699,243,342.82 |
Interest income | ||
Insurance fee earned | ||
Fee and commission received | ||
2. Total business cost | 798,921,585.13 | 666,684,444.58 |
Incl. Business cost | 684,079,649.22 | 562,481,963.87 |
Interest expense | ||
Fee and commission paid | ||
Insurance discharge payment | ||
Net claim amount paid | ||
Net insurance policy responsibility reserves provided | ||
Insurance policy dividend paid | ||
Reinsurance expenses | ||
Taxes and surcharges | 6,406,785.19 | 6,268,346.04 |
Sales expense | 6,748,583.28 | 13,562,766.99 |
Administrative expense | 30,704,814.43 | 37,409,946.41 |
R&D cost | 45,386,121.67 | 20,460,675.32 |
Financial expenses | 25,595,631.34 | 26,500,745.95 |
Including: interest cost | 21,359,349.47 | 23,424,082.73 |
Interest income | 3,187,970.02 | 1,208,273.71 |
Add: other gains | 4,877,197.19 | 2,131,742.20 |
Investment gains (“-” for loss) | 11,391,065.14 | 2,107,033.94 |
Incl. Investment gains from affiliates and joint ventures | -387,970.25 | -156,637.53 |
Financial assets derecognised as a result of amortized cost | -1,670,822.09 | |
Exchange gains ("-" for loss) | ||
Net open hedge gains (“-” for |
loss) | ||
Gains from change of fair value (“-“ for loss) | 178,149.05 | -121,506.67 |
Credit impairment ("-" for loss) | 9,312,682.74 | -18,366,483.61 |
Investment impairment loss ("-" for loss) | 0.00 | |
Investment gains ("-" for loss) | -7,452.28 | -8,050.57 |
3. Operational profit ("-" for loss) | 75,266,161.88 | 18,301,633.53 |
Plus: non-operational income | 182,064.27 | 1,061,813.66 |
Less: non-operational expenditure | 1,057,740.28 | 953,272.75 |
4. Gross profit ("-" for loss) | 74,390,485.87 | 18,410,174.44 |
Less: Income tax expenses | 5,699,009.70 | -9,094,691.37 |
5. Net profit ("-" for net loss) | 68,691,476.17 | 27,504,865.81 |
(1) By operating consistency | ||
1. Net profit from continuous operation ("-" for net loss) | 68,691,476.17 | 27,504,865.81 |
2. Net profit from discontinuous operation ("-" for net loss) | ||
(2) By ownership | ||
1. Net profit attributable to the owners of parent company | 68,793,891.42 | 27,468,258.38 |
2. Minor shareholders’ equity | -102,415.25 | 36,607.43 |
6. After-tax net amount of other misc. incomes | 1,339,516.17 | 227,053.45 |
After-tax net amount of other misc. incomes attributed to parent's owner | 1,339,516.17 | 227,053.45 |
(1) Other misc. incomes that cannot be re-classified into gain and loss | -171,049.52 | |
1. Re-measure the change in the defined benefit plan | ||
2. Other comprehensive income that cannot be transferred to profit or loss under the equity method | ||
3. Fair value change of investment in other equity tools | -171,049.52 | |
4. Fair value change of the company's credit risk |
5. Others | ||
(2) Other misc. incomes that will be re-classified into gain and loss | 1,510,565.69 | 227,053.45 |
1. Other comprehensive income that can be transferred to profit or loss under the equity method | ||
2. Fair value change of other debt investment | ||
3. Gains and losses from changes in fair value of available-for-sale financial assets | ||
4. Other credit investment credit impairment provisions | ||
5. Cash flow hedge reserve | 1,816,504.04 | 127,075.00 |
6. Translation difference of foreign exchange statement | -305,938.35 | 99,978.45 |
7. Others | ||
After-tax net of other misc. income attributed to minority shareholders | ||
7. Total of misc. incomes | 70,030,992.34 | 27,731,919.26 |
Total of misc. incomes attributable to the owners of the parent company | 70,133,407.59 | 27,695,311.83 |
Total misc gains attributable to the minor shareholders | -102,415.25 | 36,607.43 |
8. Earnings per share: | ||
(1) Basic earnings per share | 0.06 | 0.02 |
(2) Diluted earnings per share | 0.06 | 0.02 |
Net profit contributed by entities merged under common control in the report period was RMB0.00, net profit realized by partiesmerged during the previous period is RMB0.00.Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Wu Bohua
4. Consolidated Income Statement of the Report Period
In RMB
Item | Amount occurred in the current period | Occurred in previous period |
1. Turnover | 6,131,493.26 | 7,375,435.58 |
Less: Operation cost | 153,454.09 | 106,833.17 |
Taxes and surcharges | 435,719.82 | 323,375.21 |
Sales expense | 0.00 | 0.00 |
Administrative expense | 5,605,054.43 | 5,985,937.55 |
R&D cost | 0.00 | 0.00 |
Financial expenses | 6,165,062.38 | 12,747,466.71 |
Including: interest cost | 5,223,822.22 | 11,186,191.67 |
Interest income | 190,428.41 | 72,058.89 |
Add: other gains | 382,374.54 | 73,719.18 |
Investment gains (“-” for loss) | 137,066,359.09 | 1,000,481,381.24 |
Incl. Investment gains from affiliates and joint ventures | 0.00 | |
Financial assets derecognised as a result of amortized cost | ||
Net open hedge gains (“-” for loss) | ||
Gains from change of fair value (“-“ for loss) | 33,805,693.00 | |
Credit impairment ("-" for loss) | 830.36 | 1,191.25 |
Investment impairment loss ("-" for loss) | 0.00 | |
Investment gains ("-" for loss) | 0.00 | |
2. Operational profit (“-” for loss) | 165,027,459.53 | 988,768,114.61 |
Plus: non-operational income | 1,675.51 | 0.00 |
Less: non-operational expenditure | 1,584.22 | 607,774.57 |
4. Gross profit ("-" for loss) | 165,027,550.82 | 988,160,340.04 |
Less: Income tax expenses | 41,243,619.47 | -2,951,715.89 |
4. Net profit (“-” for net loss) | 123,783,931.35 | 991,112,055.93 |
(1) Net profit from continuous operation ("-" for net loss) | 123,783,931.35 | 991,112,055.93 |
(2) Net profit from discontinuous operation ("-" for net loss) | 0.00 | 0.00 |
5. After-tax net amount of other misc. incomes | ||
(1) Other misc. incomes that cannot be re-classified into gain and |
loss | ||
1. Re-measure the change in the defined benefit plan | ||
2. Other comprehensive income that cannot be transferred to profit or loss under the equity method | ||
3. Fair value change of investment in other equity tools | ||
4. Fair value change of the company's credit risk | ||
5. Others | ||
(2) Other misc. incomes that will be re-classified into gain and loss | ||
1. Other comprehensive income that can be transferred to profit or loss under the equity method | ||
2. Fair value change of other debt investment | ||
3. Gains and losses from changes in fair value of available-for-sale financial assets | ||
4. Other credit investment credit impairment provisions | ||
5. Cash flow hedge reserve | ||
6. Translation difference of foreign exchange statement | ||
7. Others | ||
6. Total of misc. incomes | 123,783,931.35 | 991,112,055.93 |
7. Earnings per share: | ||
(1) Basic earnings per share | ||
(2) Diluted earnings per share |
5. Consolidated Income Statement Between the Beginning of the Year and End of the Report Period
In RMB
Item | Amount occurred in the current period | Occurred in previous period |
1. Total revenue | 2,100,044,169.59 | 2,125,134,289.81 |
Incl. Business income | 2,100,044,169.59 | 2,125,134,289.81 |
Interest income | ||
Insurance fee earned | ||
Fee and commission received | ||
2. Total business cost | 1,956,840,089.99 | 1,948,269,844.75 |
Incl. Business cost | 1,654,450,061.27 | 1,628,547,934.43 |
Interest expense | ||
Fee and commission paid | ||
Insurance discharge payment | ||
Net claim amount paid | ||
Net insurance policy responsibility reserves provided | ||
Insurance policy dividend paid | ||
Reinsurance expenses | ||
Taxes and surcharges | 13,933,300.17 | 47,749,346.11 |
Sales expense | 27,726,818.37 | 40,738,405.49 |
Administrative expense | 93,264,277.59 | 120,088,723.97 |
R&D cost | 96,985,432.54 | 35,163,348.44 |
Financial expenses | 70,480,200.05 | 75,982,086.31 |
Including: interest cost | 64,524,327.30 | 63,900,969.21 |
Interest income | 10,140,274.23 | 3,647,364.62 |
Add: other gains | 11,091,309.96 | 6,133,192.71 |
Investment gains (“-” for loss) | 10,677,401.60 | 6,163,431.10 |
Incl. Investment gains from affiliates and joint ventures | -763,172.34 | -482,371.08 |
Financial assets derecognised as a result of amortized cost | -3,926,616.19 | |
Exchange gains ("-" for loss) | ||
Net open hedge gains (“-” for loss) | ||
Gains from change of fair value (“-“ for loss) | 187,256.33 | |
Credit impairment ("-" for loss) | 84,166,868.00 | -22,736,143.99 |
Investment impairment loss ("-" for loss) |
Investment gains ("-" for loss) | -9,434.00 | -35,159.35 |
3. Operational profit ("-" for loss) | 249,317,481.49 | 166,389,765.53 |
Plus: non-operational income | 457,905.91 | 5,935,705.81 |
Less: non-operational expenditure | 6,333,608.61 | 1,331,838.55 |
4. Gross profit ("-" for loss) | 243,441,778.79 | 170,993,632.79 |
Less: Income tax expenses | 27,941,944.61 | 14,924,568.34 |
5. Net profit ("-" for net loss) | 215,499,834.18 | 156,069,064.45 |
(1) By operating consistency | ||
1. Net profit from continuous operation ("-" for net loss) | 215,499,834.18 | 156,075,582.20 |
2. Net profit from discontinuous operation ("-" for net loss) | -6,517.75 | |
(2) By ownership | ||
1. Net profit attributable to the owners of parent company | 215,633,776.00 | 156,050,013.39 |
2. Minor shareholders’ equity | -133,941.82 | 19,051.06 |
6. After-tax net amount of other misc. incomes | 2,280,449.16 | 1,616,827.78 |
After-tax net amount of other misc. incomes attributed to parent's owner | 2,280,449.16 | 1,616,827.78 |
(1) Other misc. incomes that cannot be re-classified into gain and loss | -691,193.11 | |
1. Re-measure the change in the defined benefit plan | ||
2. Other comprehensive income that cannot be transferred to profit or loss under the equity method | ||
3. Fair value change of investment in other equity tools | -691,193.11 | |
4. Fair value change of the company's credit risk | ||
5. Others | ||
(2) Other misc. incomes that will be re-classified into gain and loss | 2,971,642.27 | 1,616,827.78 |
1. Other comprehensive income that can be transferred to profit or loss under the equity method |
2. Fair value change of other debt investment | ||
3. Gains and losses from changes in fair value of available-for-sale financial assets | ||
4. Other credit investment credit impairment provisions | ||
5. Cash flow hedge reserve | 3,442,081.39 | 1,523,710.00 |
6. Translation difference of foreign exchange statement | -470,439.12 | 93,117.78 |
7. Others | ||
After-tax net of other misc. income attributed to minority shareholders | ||
7. Total of misc. incomes | 217,780,283.34 | 157,685,892.23 |
Total of misc. incomes attributable to the owners of the parent company | 217,914,225.16 | 157,666,841.17 |
Total misc gains attributable to the minor shareholders | -133,941.82 | 19,051.06 |
8. Earnings per share: | ||
(1) Basic earnings per share | 0.20 | 0.14 |
(2) Diluted earnings per share | 0.20 | 0.14 |
Net profit contributed by entities merged under common control in the report period was RMB0.00, net profit realized by partiesmerged during the previous period is RMB0.00.Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Wu Bohua
6. Income Statement of the Parent Between the Beginning of the Year and to of the Report Period
In RMB
Item | Amount occurred in the current period | Occurred in previous period |
1. Turnover | 18,850,888.36 | 24,517,458.46 |
Less: Operation cost | 304,673.86 | 3,603,421.23 |
Taxes and surcharges | 1,113,585.60 | 969,078.70 |
Sales expense | ||
Administrative expense | 16,921,097.82 | 17,272,507.40 |
R&D cost | ||
Financial expenses | 20,918,790.00 | 34,116,846.72 |
Including: interest cost | 21,044,499.99 | 28,509,177.79 |
Interest income | 2,105,321.91 | 423,187.78 |
Add: other gains | 678,193.43 | 307,786.17 |
Investment gains (“-” for loss) | 137,404,920.26 | 1,001,636,564.66 |
Incl. Investment gains from affiliates and joint ventures | ||
Financial assets derecognised as a result of amortized cost | ||
Net open hedge gains (“-” for loss) | ||
Gains from change of fair value (“-“ for loss) | 33,805,693.00 | |
Credit impairment ("-" for loss) | -1,447.50 | 5,923.64 |
Investment impairment loss ("-" for loss) | ||
Investment gains ("-" for loss) | ||
2. Operational profit (“-” for loss) | 151,480,100.27 | 970,505,878.88 |
Plus: non-operational income | 53,542.77 | 13,947.68 |
Less: non-operational expenditure | 2,592.22 | 714,163.21 |
4. Gross profit ("-" for loss) | 151,531,050.82 | 969,805,663.35 |
Less: Income tax expenses | 37,930,075.93 | -7,497,054.35 |
4. Net profit (“-” for net loss) | 113,600,974.89 | 977,302,717.70 |
(1) Net profit from continuous operation ("-" for net loss) | 113,600,974.89 | 977,302,717.70 |
(2) Net profit from discontinuous operation ("-" for net loss) | ||
5. After-tax net amount of other misc. incomes | ||
(1) Other misc. incomes that cannot be re-classified into gain and loss | ||
1. Re-measure the change in the defined benefit plan | ||
2. Other comprehensive income that cannot be transferred to profit or loss under the equity method | ||
3. Fair value change of |
investment in other equity tools | ||
4. Fair value change of the company's credit risk | ||
5. Others | ||
(2) Other misc. incomes that will be re-classified into gain and loss | ||
1. Other comprehensive income that can be transferred to profit or loss under the equity method | ||
2. Fair value change of other debt investment | ||
3. Gains and losses from changes in fair value of available-for-sale financial assets | ||
4. Other credit investment credit impairment provisions | ||
5. Cash flow hedge reserve | ||
6. Translation difference of foreign exchange statement | ||
7. Others | ||
6. Total of misc. incomes | 113,600,974.89 | 977,302,717.70 |
7. Earnings per share: | ||
(1) Basic earnings per share | ||
(2) Diluted earnings per share |
7. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report Period
In RMB
Item | Amount occurred in the current period | Occurred in previous period |
1. Net cash flow from business operations: | ||
Cash received from sales of products and providing of services | 2,079,228,727.06 | 1,891,062,422.83 |
Net increase of customer deposits and capital kept for brother company | ||
Net increase of loans from central bank | ||
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 | ||
Cash received as interest, processing fee, and commission | ||
Net increase of inter-bank fund received | ||
Net increase of repurchasing business | ||
Net cash received from trading securities | ||
Tax refunded | 7,245,062.12 | 3,159,514.49 |
Other cash received from business operation | 322,690,561.86 | 79,255,080.98 |
Sub-total of cash inflow from business operations | 2,409,164,351.04 | 1,973,477,018.30 |
Cash paid for purchasing products and services | 1,491,176,860.30 | 1,499,926,065.43 |
Net increase of client trade and advance | ||
Net increase of savings in central bank and brother company | ||
Cash paid for original contract claim | ||
Net increase in funds dismantled | ||
Cash paid for interest, processing fee and commission | ||
Cash paid for policy dividend | ||
Cash paid to and for the staff | 244,648,450.29 | 237,800,254.07 |
Taxes paid | 98,762,981.87 | 211,775,200.67 |
Other cash paid for business activities | 394,614,371.42 | 432,430,889.07 |
Sub-total of cash outflow from business operations | 2,229,202,663.88 | 2,381,932,409.24 |
Cash flow generated by business operations, net | 179,961,687.16 | -408,455,390.94 |
2. Cash flow generated by investment: | ||
Cash received from investment recovery | 5,283,094,682.56 | 4,552,412,407.01 |
Cash received as investment profit | 23,153,966.56 | 57,732,090.85 |
Net cash retrieved from disposal of fixed assets, intangible assets, and other long-term assets | 21,817.09 | 13,225,319.48 |
Net cash received from disposal of subsidiaries or other operational units | ||
Other investment-related cash received | 250.00 | |
Sub-total of cash inflow generated from investment | 5,306,270,716.21 | 4,623,369,817.34 |
Cash paid for construction of fixed assets, intangible assets and other long-term assets | 108,734,111.03 | 138,895,689.84 |
Cash paid as investment | 5,367,970,000.00 | 4,821,419,000.00 |
Net increase of loan against pledge | ||
Net cash paid for acquiring subsidiaries and other operational units | 61,934,830.31 | |
Other cash paid for investment | 224,580.00 | |
Subtotal of cash outflows | 5,476,928,691.03 | 5,022,249,520.15 |
Cash flow generated by investment activities, net | -170,657,974.82 | -398,879,702.81 |
3. Cash flow generated by financing activities: | ||
Cash received from investment | 1,200,000.00 | |
Incl. Cash received from investment attracted by subsidiaries from minority shareholders | ||
Cash received from borrowed loans | 2,582,964,542.85 | 939,219,991.00 |
Other cash received from financing activities | 39,406.61 | |
Subtotal of cash inflow from financing activities | 2,584,164,542.85 | 939,259,397.61 |
Cash paid to repay debts | 1,777,978,153.39 | 368,000,000.00 |
Cash paid as dividend, profit, or interests | 149,396,498.92 | 299,128,516.71 |
Incl. Dividend and profit paid by subsidiaries to minority shareholders | ||
Other cash paid for financing activities | 560,897,289.10 | 40,000,000.00 |
Subtotal of cash outflow from financing activities | 2,488,271,941.41 | 707,128,516.71 |
Net cash flow generated by financing activities | 95,892,601.44 | 232,130,880.90 |
4. Influence of exchange rate changes on cash and cash equivalents | -30,895.79 | 506,834.88 |
5. Net increase in cash and cash equivalents | 105,165,417.99 | -574,697,377.97 |
Plus: Balance of cash and cash equivalents at the beginning of term | 725,269,902.90 | 956,190,890.68 |
6. Balance of cash and cash equivalents at the end of the period | 830,435,320.89 | 381,493,512.71 |
8. Cash Flow Statement of the Parent Between the Beginning of the Year and End of the Report Period
In RMB
Item | Amount occurred in the current period | Occurred in previous period |
1. Net cash flow from business operations: | ||
Cash received from sales of products and providing of services | 22,476,688.18 | 19,933,171.21 |
Tax refunded | 232,652.87 | |
Other cash received from business operation | 5,036,897,537.71 | 2,110,545,435.02 |
Sub-total of cash inflow from business operations | 5,059,606,878.76 | 2,130,478,606.23 |
Cash paid for purchasing products and services | 899,878.34 | 2,295,025.64 |
Cash paid to and for the staff | 13,481,945.12 | 12,369,917.61 |
Taxes paid | 1,259,720.17 | 1,788,240.77 |
Other cash paid for business | 4,228,677,749.09 | 3,522,929,091.82 |
activities | ||
Sub-total of cash outflow from business operations | 4,244,319,292.72 | 3,539,382,275.84 |
Cash flow generated by business operations, net | 815,287,586.04 | -1,408,903,669.61 |
2. Cash flow generated by investment: | ||
Cash received from investment recovery | 1,993,294,532.05 | 1,805,000,000.00 |
Cash received as investment profit | 137,404,920.26 | 1,101,636,564.66 |
Net cash retrieved from disposal of fixed assets, intangible assets, and other long-term assets | 1,675.50 | |
Net cash received from disposal of subsidiaries or other operational units | ||
Other investment-related cash received | ||
Sub-total of cash inflow generated from investment | 2,130,701,127.81 | 2,906,636,564.66 |
Cash paid for construction of fixed assets, intangible assets and other long-term assets | 56,366.88 | 52,697.00 |
Cash paid as investment | 2,259,786,290.70 | 1,835,000,001.00 |
Net cash paid for acquiring subsidiaries and other operational units | ||
Other cash paid for investment | ||
Subtotal of cash outflows | 2,259,842,657.58 | 1,835,052,698.00 |
Cash flow generated by investment activities, net | -129,141,529.77 | 1,071,583,866.66 |
3. Cash flow generated by financing activities: | ||
Cash received from investment | ||
Cash received from borrowed loans | 500,000,000.00 | 400,000,000.00 |
Other cash received from financing activities | 39,406.61 | |
Subtotal of cash inflow from financing activities | 500,000,000.00 | 400,039,406.61 |
Cash paid to repay debts | 890,000,000.00 | 10,000,000.00 |
Cash paid as dividend, profit, or interests | 76,406,634.30 | 252,206,781.54 |
Other cash paid for financing activities | 145,317,289.10 | |
Subtotal of cash outflow from financing activities | 1,111,723,923.40 | 262,206,781.54 |
Net cash flow generated by financing activities | -611,723,923.40 | 137,832,625.07 |
4. Influence of exchange rate changes on cash and cash equivalents | 367,984.24 | 405.76 |
5. Net increase in cash and cash equivalents | 74,790,117.11 | -199,486,772.12 |
Plus: Balance of cash and cash equivalents at the beginning of term | 175,341,953.63 | 281,594,621.80 |
6. Balance of cash and cash equivalents at the end of the period | 250,132,070.74 | 82,107,849.68 |
II. Financial Statement Adjustment
1. The implementation of the new financial instruments guidelines, new income standards, new leasestandards, adjustments the first implementation of the financial statements at the beginning of the year
√ Applicable □ Inapplicable
Whether to adjust the balance sheet accounts at the beginning of the year
√ Yes □ No
Consolidated Balance Sheet
In RMB
Item | 31 December 2019 | 1 January 2020 | Adjustment |
Current asset: | |||
Monetary capital | 1,209,811,978.95 | 1,209,811,978.95 | |
Settlement provision | |||
Outgoing call loan | |||
Transactional financial assets | 10,330,062.18 | 10,330,062.18 | |
Derivative financial assets | |||
Notes receivable | 305,070,930.97 | 305,070,930.97 | |
Account receivable | 1,956,191,307.07 | 486,113,221.52 | -1,470,078,085.55 |
Receivable financing | 2,954,029.00 | 2,954,029.00 | |
Prepayment | 21,327,109.18 | 21,327,109.18 | |
Insurance receivable | |||
Reinsurance receivable | |||
Provisions of Reinsurance contracts receivable | |||
Other receivables | 139,947,655.35 | 139,947,655.35 | |
Including: interest receivable | |||
Dividend receivable | |||
Repurchasing of financial assets | |||
Inventory | 733,711,143.46 | 733,711,143.46 | |
Contract assets | 1,470,078,085.55 | 1,470,078,085.55 | |
Assets held for sales | |||
Non-current assets due in 1 year | |||
Other current assets | 323,765,585.90 | 323,765,585.90 | |
Total current assets | 4,703,109,802.06 | 4,703,109,802.06 | |
Non-current assets: | |||
Loan and advancement provided | |||
Debt investment | |||
Other debt investment | |||
Long-term receivables | |||
Long-term share equity investment | 57,222,240.83 | 57,222,240.83 | |
Investment in other equity tools | 20,660,181.44 | 20,660,181.44 | |
Other non-current financial assets | 5,009,728.02 | 5,009,728.02 | |
Investment real estate | 5,522,391,984.11 | 5,522,391,984.11 | |
Fixed assets | 477,332,830.92 | 477,332,830.92 | |
Construction in process | 129,988,982.86 | 129,988,982.86 |
Productive biological assets | |||
Gas & petrol | |||
Use right assets | |||
Intangible assets | 78,322,265.05 | 78,322,265.05 | |
R&D expense | |||
Goodwill | |||
Long-term amortizable expenses | 3,875,198.12 | 3,875,198.12 | |
Deferred income tax assets | 343,349,564.70 | 343,349,564.70 | |
Other non-current assets | 28,701,802.00 | 28,701,802.00 | |
Total of non-current assets | 6,666,854,778.05 | 6,666,854,778.05 | |
Total of assets | 11,369,964,580.11 | 11,369,964,580.11 | |
Current liabilities | |||
Short-term loans | 724,618,197.34 | 724,618,197.34 | |
Loans from Central Bank | |||
Call loan received | |||
Transactional financial liabilities | |||
Derivative financial liabilities | 96,767.62 | 96,767.62 | |
Notes payable | 578,816,027.44 | 578,816,027.44 | |
Account payable | 1,190,773,300.24 | 1,190,773,300.24 | |
Prepayment received | 136,340,104.73 | 1,332,457.45 | -135,007,647.28 |
Contract liabilities | 123,981,276.51 | 123,981,276.51 | |
Selling of repurchased financial assets | |||
Deposit received and held for others | |||
Entrusted trading of securities | |||
Entrusted selling of securities | |||
Employees' wage payable | 55,847,134.20 | 55,847,134.20 |
Taxes payable | 17,848,987.68 | 17,848,987.68 | |
Other payables | 701,432,408.28 | 701,432,408.28 | |
Including: interest payable | |||
Dividend payable | |||
Fees and commissions payable | |||
Reinsurance fee payable | |||
Liabilities held for sales | |||
Non-current liabilities due in 1 year | 922,346,563.72 | 922,346,563.72 | |
Other current liabilities | 181,694,574.47 | 192,720,945.24 | 11,026,370.77 |
Total current liabilities | 4,509,814,065.72 | 4,509,814,065.72 | |
Non-current liabilities: | |||
Insurance contract provision | |||
Long-term loans | 546,501,491.56 | 546,501,491.56 | |
Bond payable | |||
Including: preferred stock | |||
Perpetual bond | |||
Lease liabilities | |||
Long-term payable | |||
Long-term employees’ wage payable | |||
Anticipated liabilities | 7,793,527.16 | 7,793,527.16 | |
Deferred earning | 10,817,247.40 | 10,817,247.40 | |
Deferred income tax liabilities | 1,063,833,159.00 | 1,063,833,159.00 | |
Other non-current liabilities | |||
Total of non-current liabilities | 1,628,945,425.12 | 1,628,945,425.12 | |
Total liabilities | 6,138,759,490.84 | 6,138,759,490.84 | |
Owner’s equity: |
Share capital | 1,123,384,189.00 | 1,123,384,189.00 | |
Other equity tools | |||
Including: preferred stock | |||
Perpetual bond | |||
Capital reserves | 1,454,191.59 | 1,454,191.59 | |
Less: Shares in stock | |||
Other miscellaneous income | -475,409.25 | -475,409.25 | |
Special reserves | |||
Surplus reserve | 159,805,930.34 | 159,805,930.34 | |
Common risk provisions | |||
Undistributed profit | 3,898,626,177.99 | 3,898,626,177.99 | |
Total of owner’s equity belong to the parent company | 5,182,795,079.67 | 5,182,795,079.67 | |
Minor shareholders’ equity | 48,410,009.60 | 48,410,009.60 | |
Total of owners’ equity | 5,231,205,089.27 | 5,231,205,089.27 | |
Total of liabilities and owner’s interest | 11,369,964,580.11 | 11,369,964,580.11 |
About the adjustmentAs of January 1, 2020, the Company has implemented new revenue guidelines, listed the assigned goods or services entitled toreceive consideration as contractual assets, and has been recognized as accounts receivable upon acquisition of unconditionalcollection rights; The non-leased portion of the advances is included in the contractual liability and the tax portion is included in theother current liabilities.
Balance Sheet of the Parent Company
In RMB
Item | 31 December 2019 | 1 January 2020 | Adjustment |
Current asset: | |||
Monetary capital | 175,591,953.63 | 175,591,953.63 | |
Transactional financial assets | |||
Derivative financial assets | |||
Notes receivable |
Account receivable | 297,813.76 | 297,813.76 | |
Receivable financing | |||
Prepayment | 250,205.32 | 250,205.32 | |
Other receivables | 1,973,381,342.74 | 1,973,381,342.74 | |
Including: interest receivable | |||
Dividend receivable | |||
Inventory | |||
Contract assets | |||
Assets held for sales | |||
Non-current assets due in 1 year | |||
Other current assets | 877,430.41 | 877,430.41 | |
Total current assets | 2,150,398,745.86 | 2,150,398,745.86 | |
Non-current assets: | |||
Debt investment | |||
Other debt investment | |||
Long-term receivables | |||
Long-term share equity investment | 963,508,253.00 | 963,508,253.00 | |
Investment in other equity tools | 18,604,010.22 | 18,604,010.22 | |
Other non-current financial assets | 48,831,242.35 | 48,831,242.35 | |
Investment real estate | 295,355,002.00 | 295,355,002.00 | |
Fixed assets | 67,361,529.52 | 67,361,529.52 | |
Construction in process | |||
Productive biological assets | |||
Gas & petrol | |||
Use right assets | |||
Intangible assets | 1,824,589.22 | 1,824,589.22 | |
R&D expense | |||
Goodwill | |||
Long-term amortizable | 934,669.73 | 934,669.73 |
expenses | |||
Deferred income tax assets | 44,408,630.81 | 44,408,630.81 | |
Other non-current assets | |||
Total of non-current assets | 1,440,827,926.85 | 1,440,827,926.85 | |
Total of assets | 3,591,226,672.71 | 3,591,226,672.71 | |
Current liabilities | |||
Short-term loans | 300,442,988.19 | 300,442,988.19 | |
Transactional financial liabilities | |||
Derivative financial liabilities | |||
Notes payable | |||
Account payable | 606,941.85 | 606,941.85 | |
Prepayment received | 746,761.55 | 746,761.55 | |
Contract liabilities | |||
Employees' wage payable | 3,215,013.16 | 3,215,013.16 | |
Taxes payable | 312,647.89 | 312,647.89 | |
Other payables | 109,837,934.17 | 109,837,934.17 | |
Including: interest payable | |||
Dividend payable | |||
Liabilities held for sales | |||
Non-current liabilities due in 1 year | 520,872,206.95 | 520,872,206.95 | |
Other current liabilities | |||
Total current liabilities | 936,034,493.76 | 936,034,493.76 | |
Non-current liabilities: | |||
Long-term loans | 70,000,000.00 | 70,000,000.00 | |
Bond payable | |||
Including: preferred stock | |||
Perpetual bond |
Lease liabilities | |||
Long-term payable | |||
Long-term employees’ wage payable | |||
Anticipated liabilities | |||
Deferred earning | |||
Deferred income tax liabilities | 64,351,075.92 | 64,351,075.92 | |
Other non-current liabilities | |||
Total of non-current liabilities | 134,351,075.92 | 134,351,075.92 | |
Total liabilities | 1,070,385,569.68 | 1,070,385,569.68 | |
Owner’s equity: | |||
Share capital | 1,123,384,189.00 | 1,123,384,189.00 | |
Other equity tools | |||
Including: preferred stock | |||
Perpetual bond | |||
Capital reserves | 360,835.52 | 360,835.52 | |
Less: Shares in stock | |||
Other miscellaneous income | 1,287,629.38 | 1,287,629.38 | |
Special reserves | |||
Surplus reserve | 159,805,930.34 | 159,805,930.34 | |
Retained profit | 1,236,002,518.79 | 1,236,002,518.79 | |
Total of owners’ equity | 2,520,841,103.03 | 2,520,841,103.03 | |
Total of liabilities and owner’s interest | 3,591,226,672.71 | 3,591,226,672.71 |
About the adjustmentAs of January 1, 2020, the Company has implemented new revenue guidelines, listed the assigned goods or services entitled toreceive consideration as contractual assets, and has been recognized as accounts receivable upon acquisition of unconditionalcollection rights; The non-leased portion of the advances is included in the contractual liability and the tax portion is included in theother current liabilities.
2. Description of the 2020 first implementation of the new Income criteria, new lease standard retrospectiveadjustment of the previous period comparison data
□ Applicable √ Inapplicable
3. Auditor’s Report
Whether the Q3 report is audited
□ Yes √ No
The Q3 Report is not audited.
China Fangda Group Co., Ltd.Legal representative: Xiong JianmingOctober 21, 2020