YantaiChangyuPioneerWineCo.,Ltd.
2020ThirdQuarterReport
Final2020-04
October2020
I.ImportantNotice
Theboardofdirectors,theboardofsupervisors,directors,supervisorsandseniorexecutivesoftheCompanyguaranteethetruthfulness,accuracyandcompletenessofthecontentscontainedinthethirdquarterreportwithnofalserecords,misleadingstatementsorsignificantomissions,andundertakeindividualandjointlegalliabilities.Alldirectorsattendedthemeetingfordeliberatingthisquarterreport.Mr.ZhouHongjiang(PersoninchargeoftheCompany),Mr.JiangJianxun(Personinchargeofaccountingwork)andMrs.GuoCuimei(Personinchargeofaccountingorgan&Accountantincharge)assurethetruthfulness,accuracyandcompletenessofthefinancialstatementsinthethirdquarterreport.
II.CorporateInformation
1.KeyaccountingdataandfinancialindicatorsWhethertheCompanymakesretroactiveadjustmentsorrestatestheaccountingdataofpreviousfiscalyears.?Yes?NoThereasonofmakesretroactiveadjustmentsorrestates:businesscombinationunderthesamecontrol
| Theendofthisreportperiod | Theendoflastyear | Moreorlessthanlastyear(%) | ||||||||
| Beforeadjustment | Afteradjustment | Afteradjustment | ||||||||
| Totalassets(CNY) | 13,049,517,856 | 13,647,932,568 | 13,767,237,838 | -5.21% | ||||||
| Netassetsattributedtotheshareholdersofthelistedcompany(CNY) | 10,198,945,037 | 10,308,910,198 | 10,401,071,088 | -1.94% | ||||||
| Thisreportperiod | Sameperiodoflastyear | Moreorlessthanlastyear(%) | Fromthebeginningoftheyeartotheendofthisreportperiod | Sameperiodoflastyear | Moreorlessthanlastyear(%) | |||||
| Beforeadjustment | Afteradjustment | Afteradjustment | Beforeadjustment | Afteradjustment | Afteradjustment | |||||
| Operatingincome(CNY) | 774,191,143 | 968,100,175 | 980,743,772 | -21.06% | 2,192,739,690 | 3,526,374,960 | 3,553,926,816 | -38.30% | ||
| Netprofitattributedtotheshareholdersofthelistedcompany(CNY) | 85,120,851 | 125,557,834 | 130,147,686 | -34.60% | 403,760,926 | 728,961,623 | 740,898,517 | -45.50% | ||
| Netprofitattributedtotheshareholdersofthelistedcompanyafterdeductingtheextraordinarygainsandlosses(CNY) | 73,406,867 | 119,702,422 | 119,702,422 | -38.68% | 340,173,716 | 672,193,117 | 672,193,117 | -49.39% | ||
| Netcashflowfromoperatingactivities(CNY) | 268,955,826 | 145,855,707 | 150,903,125 | 78.23% | 252,437,074 | 645,331,713 | 656,726,875 | -61.56% | ||
| Basicearningspershare(CNY/share) | 0.12 | 0.18 | 0.19 | -36.84% | 0.59 | 1.06 | 1.08 | -45.37% |
| Dilutedearningspershare(CNY/share) | 0.12 | 0.18 | 0.19 | -36.84% | 0.59 | 1.06 | 1.08 | -45.37% |
| Weightedaverageforearningrateofthenetassets | 0.92% | 1.31% | 1.37% | -0.45% | 3.85% | 7.38% | 7.50% | -3.65% |
Detailsofextraordinaryprofitandloss?Available?Notavailable
Unit：
CNY
| Item | Amountfromthebeginningoftheyeartotheendofreportperiod | Explanation |
| Disposalgainsandlossesfornon-currentassets,includingthereversalofaccruedimpairmentprovision | -1,124,290 | |
| Governmentgrantscreditedincurrentprofitandloss(exceptforthoserecurringgovernmentgrantsthatarecloselyrelatedtotheentity'soperation,inlinewithrelatedregulationsandhaveproperbasisofcalculation) | 65,451,990 | |
| Currentnetprofitandlossofsubsidiaryarisingfrombusinesscombinationunderthesamecontrolforthecurrentperiodfromthebeginningoftheperiodtothedateofthemerger | 12,943,426 | |
| Othernon-operatingincomeandexpensesinadditiontoaboveitems | 4,701,227 | |
| Less:Incometaxeffect | 17,066,302 | |
| Minorityinterestseffect(after-tax) | 1,318,841 | |
| Total | 63,587,210 | -- |
ThereasonsshallbemadeclearanddefinitelyastotheextraordinaryprofitandlossthattheCompanyhasdefinedbyvirtueoftheExplanatoryAnnouncementonPublicCompany’sInformationDisclosureNo.1-ExtraordinaryProfitandLossandastoregardingtheextraordinaryprofitandlossasrecurrentprofitandlossasspecifiedintheExplanatoryAnnouncementonPublicCompany’sInformationDisclosureNo.1-ExtraordinaryProfitandLoss.?Available?NotavailableThereisnosituationregardingtheextraordinaryprofitandlossasdefinedandspecifiedintheExplanatoryAnnouncementonPublicCompany’sInformationDisclosureNo.1-ExtraordinaryProfitandLossasrecurrentprofitandloss.
2.Thetotalnumberofshareholdersandtheshareholdingoftop10shareholdersattheend
ofthereportperiod
1)Thetotalnumberofcommonshareholdersandthetotalnumberofpreferred
shareholderswithrecoveredvotingpoweraswellastheshareholdingoftop10shareholders
Unit:share
| Totalnumberofcommonshareholdersattheendofreportperiod | 48,873 | Totalnumberofpreferredshareholderswithrecoveredvotingpowerattheendofreportperiod(ifhave) | 0 | ||||
| Thetop10commonshareholders | |||||||
| NameofShareholders | Characterofshareholders | Shareholdingratio(%) | Numberofholdingshares | Numberofrestricted | Pledgedorfrozen | ||
| Share | Number | ||||||
| shares | status | |||||||||
| YANTAICHANGYUGROUPCO.,LTD. | Domesticnon-state-ownedlegalperson | 50.40% | 345,473,856 | — | — | |||||
| GAOLINGFUND,L.P. | Foreignlegalperson | 3.08% | 21,090,219 | — | — | |||||
| CHINASECURITIESFINANCECORP | State-ownedlegalperson | 2.25% | 15,440,794 | — | — | |||||
| BBHBOSS/AFIDELITYFD-CHINAFOCUSFD | Foreignlegalperson | 2.02% | 13,822,699 | — | — | |||||
| SHENWANHONGYUANSECURITIES(HONGKONG)LIMITED | Foreignlegalperson | 1.20% | 8,228,333 | — | — | |||||
| FIDELITYPURITANTRUST:FIDELITYSERIESINTRINSICOPPORTUNITIESFUND | Foreignlegalperson | 0.93% | 6,350,762 | — | — | |||||
| GUOTAIJUNANSECURITIES(HONGKONG)LIMITED | Foreignlegalperson | 0.76% | 5,215,446 | — | — | |||||
| CENTRALHUIJINASSETMANAGEMENTLTD. | State-ownedlegalperson | 0.69% | 4,761,200 | — | — | |||||
| HAITONGINTERNATIONALSECURITIESCOMPANYLIMITED-ACCOUNTCLIENT | Foreignlegalperson | 0.68% | 4,687,187 | — | — | |||||
| FIDELITYCHINASPECIALSITUATIONSPLC | Foreignlegalperson | 0.55% | 3,779,202 | — | — | |||||
| Theshareholdingoftop10shareholderswithunrestrictedshares | ||||||||||
| NameofShareholders | Numberofunrestrictedsharesheld | Typeofshare | ||||||||
| Typeofshare | Number | |||||||||
| YANTAICHANGYUGROUPCO.,LTD. | 345,473,856 | Ashare | 345,473,856 | |||||||
| GAOLINGFUND,L.P. | 21,090,219 | Bshare | 21,090,219 | |||||||
| CHINASECURITIESFINANCECORP | 15,440,794 | Ashare | 15,440,794 | |||||||
| BBHBOSS/AFIDELITYFD-CHINAFOCUSFD | 13,822,699 | Bshare | 13,822,699 | |||||||
| SHENWANHONGYUANSECURITIES(HONGKONG)LIMITED | 8,228,333 | Bshare | 8,228,333 | |||||||
| FIDELITYPURITANTRUST:FIDELITYSERIESINTRINSICOPPORTUNITIESFUND | 6,350,762 | Bshare | 6,350,762 | |||||||
| GUOTAIJUNANSECURITIES(HONGKONG)LIMITED | 5,215,446 | Bshare | 5,215,446 | |||||||
| CENTRALHUIJINASSETMANAGEMENTLTD. | 4,761,200 | Ashare | 4,761,200 | |||||||
| HAITONGINTERNATIONALSECURITIESCOMPANYLIMITED-ACCOUNTCLIENT | 4,687,187 | Bshare | 4,687,187 | |||||||
| FIDELITYCHINASPECIALSITUATIONSPLC | 3,779,202 | Bshare | 3,779,202 | |||||||
| Theexplanationfortheassociatedrelationshipandaccordantactionofthetop10shareholders | YantaiChangyuGroupCompanyLimitedhasnoassociatedrelationshiporaccordantactionrelationshipwiththeother9listedshareholders,andtherelationshipamongtheothershareholdersisunknown. | |||||||||
| Explanationforthetop10shareholderswhoinvolvedinfinancingactivitiesandstocktradingbusiness(ifany) | No |
WhetherornottheCompany’stop10commonshareholdersandtop10commonshareholderswithunrestrictedsharesconductagreedbuy-backtransactionduringthereportperiod?Yes?NoTherearenotop10commonshareholdersortop10commonshareholderswithunrestrictedsharesintheCompanyconductagreedbuy-backtransactionduringthereportperiod.
2)Thetotalnumberofpreferredshareholdersandtheshareholdingoftop10preferredshareholders?Available?Notavailable
III.MajorIssue
1.Situationandreasonsonchangesinmainfinancialdataandfinancialindexduringthereportperiod?Available?Notavailable
Unit:CNY
| Item | Endingbalance | Initialbalance | Increaserate | Reasonforchange |
| Accountsreceivables | 163,837,210 | 265,693,603 | -38.34% | Mainlyduetodecreaseintradereceivables |
| Accountprepaid | 22,130,403 | 67,840,190 | -67.38% | Mainlyduetodecreaseinadvancepaymentforrawmaterials |
| Otherreceivables | 65,496,611 | 24,380,907 | 168.64% | Mainlyduetoreceivablesfromdisposaloffixedassets |
| Interestreceivable | 634,668 | 148,927 | 326.16% | Mainlyduetoincreaseininterestreceivableoffixeddeposit |
| Advancereceipts | 131,429,639 | -100.00% | MainlyduetobeingincludedincontractliabilityinaccordancewithnewRevenueStandardsin2020 | |
| Long-termborrowing | 203,994,136 | 128,892,501 | 58.27% | Mainlyduetoincreaseinlong-termborrowingfromthebank |
| Item | Amountincurrentperiod | Amountinlastperiod | Increaserate | Reasonforchange |
| Operatingincome | 2,192,739,690 | 3,553,926,816 | -38.30% | MainlyduetodecreaseinproductsalesvolumeaffectedbyCOVID-19 |
| Sellingexpenses | 421,620,422 | 932,125,012 | -54.77% | MainlyduetoreduceinmarketingactivitiesaffectedbyCOVID-19 |
| Lossofcreditimpairment(lossislistedwith"-") | 3,125,029 | -2,183,171 | Notapplicable | Mainlyduetotheturnbackofprovisionforbaddebts |
| Lossofimpairmentofassets(lossislistedwith"-") | 5,083,785.00 | 1,691,320 | 200.58% | Mainlyduetotheturnbackofpreparationforassetsimpairment |
| Netprofitsattributedtotheownerofparentcompany | 403,760,926 | 740,898,517 | -45.50% | MainlyduetodecreaseinsalesrevenueaffectedbyCOVID-19 |
| Cashreceivedfromsalesofgoodsandrendingofservices | 2,310,331,855 | 3,404,022,629 | -32.13% | MainlyduetodecreaseinsalesrevenueaffectedbyCOVID-19 |
| Sub-totalofcashinflowsofoperatingactivities | 2,413,325,169 | 3,519,431,675 | -31.43% | MainlyduetodecreaseinsalesrevenueaffectedbyCOVID-19 |
| Netcashflowfromoperatingactivities | 252,437,074 | 656,726,875 | -61.56% | MainlyduetodecreaseinsalesrevenueaffectedbyCOVID-19 |
| Sub-totalofcashinflowsofinvestmentactivities | 82,752,204 | 175,995,217 | -52.98% | Mainlyduetodecreaseincashreceivedfromreturnoffixeddeposit |
| Cashpaidtoacquirefixedassets,intangibleassetandotherlong-termassets | 100,318,579 | 201,434,544 | -50.20% | Mainlyduetodecreaseincashinvestedinnewprojectandcontinuedproject |
| Cashpaidtoacquirefixeddeposit | 58,200,000 | 113,718,193 | -48.82% | Mainlyduetodecreaseinfixeddeposit |
2.Analysisexplanationofthemajorissue’sprogressaswellasitsinfluenceandsolution?Available?NotavailableImplementationprogressofsharerepurchases?Available?NotavailableImplementationprogressofreducingrepurchasedsharesbythewayofcentralizedcompetitivebidding?Available?Notavailable
3.ThecommitmentsthattheCompany’sactualcontrollers,shareholders,relatedparties,purchasers,theCompanyandotherrelatedpartiesdonotimplementcompletelyexceedingthetimelimitwithinthereportperiod?Available?Notavailable
| Commitments | CommitmentParty | CommitmentType | Commitmentcontent | Commitmenttime | Commitmentperiod | Implementation |
| Commitmentsatsharereform | ||||||
| Commitmentsmadeinacquisitionreportorequitychangesreport | ||||||
| Commitmentsatassetrestructuring | ||||||
| Commitmentsattheinitialpublicofferingorrefinancing | YantaiChangyuGroupCo.,Ltd. | Solvehorizontalcompetition | Non-horizontalcompetition | 1997.05.18 | Permanent | Hasbeenfulfillingthecommitment |
| YantaiChangyuGroupCo.,Ltd. | Definetheuseoftrademarkusefee | AccordingtoTrademarkLicenseContract,theannualtrademarkusefeeoftrademarksincluding“张裕”(Changyu)paidbytheCompanytoYantaiChangyuGroupCo.,Ltd.shouldbemainlyusedbyYantaiChangyuGroupCo.,Ltd.topublicizetrademarksincluding“张裕”(Changyu)andcontractualproducts. | 1997.05.18 | 1997.05.18to2019.04.04 | AccordingtoTrademarkLicenseContract,theannualtrademarkusefeechargedbyYantaiChangyuGroupCo.,Ltd.shouldbemainlyusedtopublicizetrademarksincluding“张裕”(Changyu)andcontractualproducts.Excepttheperiodfrom |
| 2013to2017whenYantaiChangyuGroupCo.,Ltd.Didn’tstrictlyfulfillthecommitment,YantaiChangyuGroupCo.,Ltd.hasbeenfulfillingthecommitment. | ||||||
| Equityincentivecommitments | ||||||
| CommitmentsmadetotheminorityshareholdersoftheCompany | YantaiChangyuGroupCo.,Ltd. | Compensatingunfulfilledcommitment | TheCNY231,768,615thatwasnotusedforpublicityoftrademarksandcontractproductsaspromisedwillbeoffsetbythefour-yeartrademarkusefeefrom2019to2022.Ifinsufficient,theshortfallwouldbefilledinonetimein2023.Ifthereisanyexcess,theexcessportionofthetrademarkusefeewouldbecollectedfromtheyearwithexcessoccurrence. | 2019.04.04 | 2019.04.04to2023.12.31 | Hasbeenfulfillingthecommitment |
| Commitmentundertimelyimplementationornot | No | |||||
| Forcommitmentsthatexceedthetimelimitandarenotcompleted,specificreasonsofnotcompletingtheimplementationandthenextstep | AccordingtoTrademarkLicenseContract(hereafterreferredtoas“thisContract”),ChangyuGrouppromisedthattheannualtrademarkusefeepaidbytheCompanytoChangyuGroupwouldbemainlyusedbyChangyuGrouptopublicizethesetrademarksandcontractualproducts.However,theabove-mentioned“mainly”isnotaspecificnumber.Duringtheimplementationprocess,duetoinconsistentunderstanding,itiseasytocausedivergenceandleadstoproblems.From2013to2017,ChangyuGroupcollectedatotalofCNY420,883,902trademarkusefee,ofwhich51%wasusedtopublicizetrademarksincludingChangyuandcontractproductswithamountofCNY214,650,790.TheamounthasbeenusedtopublicizetrademarksincludingChangyuand | |||||
4.Financialassetsinvestment
1)Thesituationofsecurityinvestment?Available?NotavailableThereisnosecurityinvestmentduringthereportperiod.
2)Thesituationofderivativeinvestment?Available?NotavailableThereisnoderivativeinvestmentduringthereportperiod.
5.Progressoffund-raisinginvestmentproject?Available?Notavailable
6.Predictionfor2020annualbusinessperformanceWarningandcauseexplanationforthepredictionthatthecumulativenetprofitfromthebeginningoftheyeartotheendofthenextreportperiodmightbealossormightoccurasignificantchangecomparedwiththesameperiodoflastyear?Available?Notavailable
7.Majorcontractsduringdailyoperations?Available?Notavailable
8.Entrustedfinancialmanagement?Available?NotavailableThereisnoentrustedfinancialmanagementduringthereportperiod.
9.Thesituationofillegalexternalguarantee?Available?NotavailableThereisnoillegalexternalguaranteeduringthereportperiod.
10.Thesituationofnon-operatingfundoccupationofcontrollingshareholdersandrelatedparties?Available?NotavailableThereisnonon-operatingfundoccupationofcontrollingshareholdersandrelatedpartiesduringthereportperiod.
11.Theactivityregistrationformofreceptions,communicationandinterviewetc.duringthereportperiod
?Available?NotavailableThereisnoreception,communicationorinterviewetc.duringthereportperiod.
Ⅳ.FinancialStatements
1.Financialstatements
1)ConsolidatedbalancesheetYantaiChangyuPioneerWineCo.,Ltd.Unit:CNY
| Item | September30th,2020 | December31st,2019 |
| CurrentAssets： | ||
| Monetaryfund | 1,203,006,675 | 1,597,410,774 |
| Pettycash | ||
| Lendingfunds | ||
| Transactionalfinancialassets | ||
| Derivativefinancialassets | ||
| Notesreceivable | ||
| Accountsreceivable | 163,837,210 | 265,693,603 |
| ReceivablesFinancing | 247,698,065 | 317,270,229 |
| Accountsprepaid | 22,130,403 | 67,840,190 |
| Premiumsreceivable | ||
| Reinsuranceaccountsreceivable | ||
| Receivablereservesforreinsurancecontract | ||
| Otherreceivables | 65,496,611 | 24,380,907 |
| Including:Interestreceivable | 634,668 | 148,927 |
| Dividendsreceivable | ||
| Buyingbackthesaleoffinancialassets | ||
| Inventory | 2,936,748,059 | 2,903,817,750 |
| Contractassets | ||
| Assetsclassifiedasholdingforsale | ||
| Non-currentassetsexpireinoneyear | ||
| Othercurrentassets | 259,694,494 | 269,931,887 |
| TotalCurrentAssets | 4,898,611,517 | 5,446,345,340 |
| Non-currentAssets： | ||
| Offeringloansandimprest | ||
| Debtinvestment | ||
| Otherdebtinvestment | ||
| Long-termaccountreceivable | ||
| Long-termequityinvestment | 42,725,025 | 43,981,130 |
| Investmentinotherequityinstrument | ||
| Othernon-currentfinancialassets | ||
| Realestateforinvestment | 27,333,702 | 29,714,586 |
| Fixedassets | 5,759,324,713 | 5,943,969,100 |
| Constructioninprogress | 672,423,746 | 567,478,833 |
| Biologicalassetsforproduction | 193,294,233 | 202,425,286 |
| Oilandgasassets | ||
| Right-of-useassets | ||
| Intangibleassets | 645,257,046 | 652,543,848 |
| Developmentexpenditure | ||
| Goodwill | 141,859,193 | 141,859,193 |
| Long-termdeferredexpenses | 270,342,238 | 280,478,194 |
| Deferredtaxassets | 218,464,419 | 264,768,008 |
| Othernon-currentassets | 179,882,024 | 193,674,320 |
| TotalNon-CurrentAssets | 8,150,906,339 | 8,320,892,498 |
| TotalAssets | 13,049,517,856 | 13,767,237,838 |
| Currentliabilities： | ||
| Short-termloan | 687,389,648 | 754,313,744 |
| BorrowingsfromtheCentralBank | ||
| Borrowingfunds | ||
| Transactionalfinancialliability | ||
| Derivativefinancialliabilities | ||
| Notespayable | ||
| Accountspayable | 422,825,916 | 570,506,459 |
| Advancesfromcustomers | 131,429,639 | |
| Contractliabilities | 134,944,827 | |
| Sales/buybackfinancialassets | ||
| Customerandinterbankdeposits | ||
| Actingtradingsecurities | ||
| Actingunderwritingsecurities | ||
| Wagepayable | 153,025,619 | 235,555,474 |
| Taxpayable | 179,804,765 | 375,582,368 |
| Otheraccountspayable | 400,730,391 | 463,433,185 |
| Including:Interestpayable | 2,370,128 | 758,047 |
| Dividendpayable | 6,252,201 | 1,366,559 |
| Payablehandlingfeesandcommission | ||
| Dividendpayableforreinsurance | ||
| Liabilitiesclassifiedasholdingforsale | ||
| Non-currentliabilitiesexpireinoneyear | 153,726,948 | 150,826,221 |
| Othercurrentliabilities | 17,542,827 | |
| TotalCurrentLiabilities | 2,149,990,941 | 2,681,647,090 |
| Non-CurrentLiabilities: | ||
| Insurancecontractreserve | ||
| Long-termborrowings | 203,994,136 | 128,892,501 |
| Bondspayable | ||
| Including:PreferredStock | ||
| Perpetualcapitalsecurities | ||
| Leaseliability | ||
| Long-termaccountspayable | 166,977,000 | 191,000,000 |
| Long-termaccruedpayroll | ||
| Estimatedliabilities | ||
| Deferredincome | 58,783,709 | 70,701,288 |
| Deferredtaxliabilities | 13,430,542 | 14,691,424 |
| Othernon-currentliabilities | 7,645,777 | 7,645,777 |
| Totalnon-currentliabilities | 450,831,164 | 412,930,990 |
| Totalliabilities | 2,600,822,105 | 3,094,578,080 |
| Owner’sequity(orshareholders’equity): |
| Capitalstock | 685,464,000 | 685,464,000 |
| Otherequityinstruments | ||
| Including:PreferredStock | ||
| Perpetualcapitalsecurities | ||
| Capitalreserve | 531,802,207 | 642,775,360 |
| Minus:treasurystock | ||
| Othercomprehensiveincome | -6,867,531 | -4,235,583 |
| Specialreserves | ||
| Surplusreserve | 342,732,000 | 342,732,000 |
| Generalriskpreparation | ||
| Undistributedprofits | 8,645,814,361 | 8,734,335,311 |
| Totalowner'sequityattributabletotheholdingcompany | 10,198,945,037 | 10,401,071,088 |
| Minorityinterests | 249,750,714 | 271,588,670 |
| Totalowner'sequity | 10,448,695,751 | 10,672,659,758 |
| Totalliabilitiesandowner'sequity | 13,049,517,856 | 13,767,237,838 |
Legalrepresentative:ZhouHongjiang;Personinchargeofaccounting:JiangJianxun;Personinchargeofaccountingorgan:GuoCuimei
2)Balancesheetofparentcompany
Unit:CNY
| Item | September30th,2020 | December31st,2019 |
| CurrentAssets： | ||
| Monetaryfund | 283,795,444 | 710,505,269 |
| Transactionalfinancialassets | ||
| Derivativefinancialassets | ||
| Notesreceivable | ||
| Accountsreceivable | 1,076,952 | 1,988,326 |
| ReceivablesFinancing | 24,736,524 | 41,679,635 |
| Accountsprepaid | 2,867,357 | 776,539 |
| Otherreceivables | 273,989,436 | 586,424,958 |
| Including:Interestreceivable | 290,661 | 90,355 |
| Dividendsreceivable | 2,985,375 | 200,000,000 |
| Inventory | 492,785,866 | 434,007,808 |
| Contractassets | ||
| Assetsclassifiedasholdingforsale | ||
| Non-currentassetsexpireinoneyear | ||
| Othercurrentassets | 34,002,542 | 39,130,466 |
| TotalCurrentAssets | 1,113,254,121 | 1,814,513,001 |
| Non-currentAssets： | ||
| Debtinvestment | ||
| Otherdebtinvestment | ||
| Long-termaccountreceivable | ||
| Long-termequityinvestment | 7,571,920,448 | 7,432,422,621 |
| Investmentinotherequityinstrument | ||
| Othernon-currentfinancialassets | ||
| Realestateforinvestment | 29,714,586 | 29,714,586 |
| Fixedassets | 242,616,583 | 261,137,072 |
| Constructioninprogress | 1,578,127 | |
| Biologicalassetsforproduction | 115,250,024 | 121,414,096 |
| Oilandgasassets | ||
| Right-of-useassets | ||
| Intangibleassets | 63,080,549 | 64,864,913 |
| Developmentexpenditure | ||
| Goodwill | ||
| Long-termdeferredexpenses | ||
| Deferredtaxassets | 17,404,533 | 16,255,870 |
| Othernon-currentassets | 1,534,700,000 | 1,427,700,000 |
| TotalNon-CurrentAssets | 9,576,264,850 | 9,353,509,158 |
| TotalAssets | 10,689,518,971 | 11,168,022,159 |
| Currentliabilities： | ||
| Short-termloan | 150,000,000 | 150,000,000 |
| Transactionalfinancialliability | ||
| Derivativefinancialliabilities | ||
| Notespayable | ||
| Accountspayable | 30,321,882 | 63,655,240 |
| Advancesfromcustomers | ||
| Contractliabilities | ||
| Wagepayable | 58,238,348 | 70,445,847 |
| Taxpayable | 7,610,188 | 6,052,456 |
| Otheraccountspayable | 601,714,603 | 660,149,563 |
| Including:Interestpayable | 137,671 | 181,250 |
| Dividendpayable | ||
| Liabilitiesclassifiedasholdingforsale | ||
| Non-currentliabilitiesexpireinoneyear | ||
| Othercurrentliabilities | ||
| TotalCurrentLiabilities | 847,885,021 | 950,303,106 |
| Non-CurrentLiabilities: | ||
| Long-termborrowings | ||
| Bondspayable | ||
| Including:PreferredStock | ||
| Perpetualcapitalsecurities | ||
| Leaseliability | ||
| Long-termaccountspayable | ||
| Long-termaccruedpayroll | ||
| Estimatedliabilities | ||
| Deferredincome | 7,101,526 | 9,176,315 |
| Deferredtaxliabilities | ||
| Othernon-currentliabilities | 3,146,706 | 3,146,707 |
| Totalnon-currentliabilities | 10,248,232 | 12,323,022 |
| Totalliabilities | 858,133,253 | 962,626,128 |
| Owner’sequity(orshareholders’equity): | ||
| Capitalstock | 685,464,000 | 685,464,000 |
| Otherequityinstruments | ||
| Including:PreferredStock | ||
| Perpetualcapitalsecurities | ||
| Capitalreserve | 559,208,768 | 557,222,454 |
| Minus:treasurystock | ||
| Othercomprehensiveincome | ||
| Specialreserves | ||
| Surplusreserve | 342,732,000 | 342,732,000 |
| Undistributedprofits | 8,243,980,950 | 8,619,977,577 |
| Totalowner'sequity | 9,831,385,718 | 10,205,396,031 |
| Totalliabilitiesandowner'sequity | 10,689,518,971 | 11,168,022,159 |
3)Consolidatedprofitstatementinthisreportperiod
Unit:CNY
| Item | Amountinthisreportperiod | Amountinpriorreportperiod |
| 1.Revenue | 774,191,143 | 980,743,772 |
| Including:Operatingincome | 774,191,143 | 980,743,772 |
| Interestincome | ||
| Earnedpremium | ||
| Handlingfeesandcommissionincome | ||
| 2.Totaloperatingcosts | 674,063,423 | 805,641,704 |
| Including:Operatingcosts | 375,604,374 | 344,875,471 |
| Interestexpenditure | ||
| Handlingfeesandcommissionexpenditure | ||
| Premiumrebate | ||
| Netamountofindemnityexpenditure | ||
| Netamountofinsurancecontractreservefundwithdrawal | ||
| Policybonuspayment | ||
| Amortizedreinsuranceexpenditures | ||
| Taxesandsurcharges | 47,921,208 | 62,399,991 |
| Sellingexpenses | 168,492,290 | 324,667,610 |
| Administrativeexpenses | 77,883,831 | 63,818,231 |
| Researchanddevelopmentexpenditure | 869,269 | 1,149,179 |
| Financialexpenses | 3,292,451 | 8,731,222 |
| Including:Interestexpenses | 10,174,541 | 9,525,615 |
| Interestincome | 3,760,898 | 5,613,745 |
| Plus:Otherincome | 15,671,759 | 4,809,425 |
| Investmentprofit(lossislistedwith"-") | -85,420 | -128,956 |
| Including:Investmentprofitforjoint-runbusinessandjointventure | -85,420 | -959,797 |
| Terminationofrecognizedincomeoffinancialassetsmeasuredatamortizedcost | ||
| Exchangeincome(lossislistedwith"-") | ||
| Netexposurehedgingincome(Lossislistedwith“-”) | ||
| Fairvaluechargeprofit(lossislistedwith"-") | ||
| Lossofcreditimpairment(lossislistedwith"-") | 3,024,194 | -2,284,006 |
| Lossforimpairmentofassets(lossislistedwith"-") | 1,474,952 | -3,590,639 |
| Assetsdisposalincome(lossislistedwith"-") | -1,163,931 | -167,802 |
| 3.Operatingprofit(lossislistedwith"-") | 119,049,274 | 173,740,090 |
| Plus:Non-operatingincome | 932,994 | 2,705,357 |
| Minus:Non-operatingexpenditure | 46,725 | 730,796 |
| 4.Totalprofits(totallossislistedwith"-") | 119,935,543 | 175,714,651 |
| Minus:Incometaxes | 33,798,402 | 45,230,193 |
| 5.Netprofit(netlossislistedwith"-") | 86,137,141 | 130,484,458 |
| （一）Classificationbycontinuousoperation | ||
| 1.Netprofitfromcontinuousoperation(netlossislistedwith"-") | ||
| 2.Netprofitfromterminationaloperation(netlossislistedwith"-") | ||
| (二)Classificationbyownership | ||
| 1.Netprofitsattributetoequityholdersofthecompany | 85,120,851 | 130,147,686 |
| 2.Minorityinterests | 1,016,290 | 336,772 |
| 6.Netvalueofothercomprehensiveincomeaftertax | 3,475,361 | -16,794,085 |
| 6.1Netvalueofothercomprehensiveincomeaftertaxofholdingcompany'sowners | 2,374,705 | -16,794,085 |
| 6.1.1Othercomprehensiveincomethatwillnotbeclassifiedintotheprofitandloss | ||
| 6.1.1.1Changesofthedefinedbenefitplansthatre-measured | ||
| 6.1.1.2Othercomprehensiveincomeunderequitymethodthatcannotbetransfertogain/loss | ||
| 6.1.1.3Changeoffairvalueofinvestmentinotherequityinstrument | ||
| 6.1.1.4Fairvaluechangeofenterprise'screditrisk | ||
| 6.1.1.5Other | ||
| 6.1.2Othercomprehensiveincomethatwillbeclassifiedintotheprofitandloss | 2,374,705 | -16,794,085 |
| 6.1.2.1Othercomprehensiveincomeunderequitymethodthatcantransfertogain/loss | ||
| 6.1.2.2Changeoffairvalueofotherdebtinvestment | ||
| 6.1.2.3Amountoffinancialassetsre-classifytoothercomprehensiveincome | ||
| 6.1.2.4Creditimpairmentprovisionforotherdebtinvestment | ||
| 6.1.2.5Cashflowhedgingreserve | ||
| 6.1.2.6Translationdifferencesarisingontranslationofforeigncurrencyfinancialstatements | 2,374,705 | -16,794,085 |
| 6.1.2.7Other | ||
| 6.2Netvalueofothercomprehensiveincomeaftertaxofminorityshareholders | 1,100,656 | |
| 7.TotalcomprehensiveIncome | 89,612,502 | 113,690,373 |
| Totalcomprehensiveincomeofholdingcompany | 87,495,556 | 113,353,601 |
| Totalcomprehensiveincomeofminorityshareholders | 2,116,946 | 336,772 |
| 8.Earningspershare | ||
| 8.1Basicearningspershare | 0.12 | 0.19 |
| 8.2Dilutedearningspershare | 0.12 | 0.19 |
Duringthisreportperiod,theissuerelatestocompanyconsolidationundercommoncontrol,consolidatedpartycompletesnetprofitamountofCNY924,213beforebeingconsolidated,andconsolidatedpartycompletesnetprofitamountofCNY4,885,903inthesameperiodoflastyear.Legalrepresentative:ZhouHongjiang;Personinchargeofaccounting:JiangJianxun;Personinchargeofaccountingorgan:GuoCuimei
4)Profitstatementofparentcompanyinthisreportperiod
Unit:CNY
| Item | Amountinthisreportperiod | Amountinpriorreportperiod |
| 1.Revenue | 105,418,687 | 200,488,769 |
| Minus:Operatingcosts | 87,036,926 | 184,071,670 |
| Taxesandsurcharges | 4,744,353 | 10,446,607 |
| Sellingexpenses | ||
| Administrativeexpenses | 14,936,063 | 16,494,204 |
| Researchanddevelopmentexpenditure | 175,365 | 206,023 |
| Financialexpenses | -1,086,829 | -547,440 |
| Including:Interestexpenses | 2,108,757 | 2,190,828 |
| Interestincome | 2,792,562 | 3,602,659 |
| Plus:Otherincome | 858,264 | 858,264 |
| Investmentprofit(lossislistedwith"-") | 32,523,818 | 55,000,000 |
| Including:Investmentprofitforjoint-runbusinessandjointventure | ||
| Terminationofrecognizedincomeoffinancialassetsmeasuredatamortizedcost(lossislistedwith"-") | ||
| Netexposurehedgingincome(Lossislistedwith“-”) | ||
| Fairvaluechargeprofit(lossislistedwith"-") | ||
| Lossofcreditimpairment(lossislistedwith"-") | ||
| Lossforimpairmentofassets(lossislistedwith"-") | ||
| Assetsdisposalincome(lossislistedwith"-") | 21,901 | |
| 2.Operatingprofit(lossislistedwith"-") | 32,989,823 | 45,697,870 |
| Plus:Non-operatingincome | 51,398 | 122,208 |
| Minus:Non-operatingexpenses | 748,159 | |
| 3.Totalprofits(totallossislistedwith"-") | 33,041,221 | 45,071,919 |
| Minus:Incometax | 160,153 | -181,802 |
| 4.Netprofit(netlossislistedwith"-") | 32,881,068 | 45,253,721 |
| 1.Netprofitfromcontinuousoperation(netlossislistedwith"-") | 32,881,068 | 45,253,721 |
| 2.Netprofitfromterminationaloperation(netlossislistedwith"-") | ||
| 5.Netvalueofothercomprehensiveincomeaftertax | ||
| 5.1Othercomprehensiveincomethatwillnotbeclassifiedintotheprofitandloss | ||
| 5.1.1Remeasurethechangesinnetassetsorliabilitiesofdefinedbenefitplans | ||
| 5.1.2Sharesofothercomprehensiveincomefrominvesteewhichcannotbereclassifiedintoprofitandlossundertheequitymethod | ||
| 5.1.3Changeoffairvalueofinvestmentinotherequityinstrument | ||
| 5.1.4Fairvaluechangeofenterprise'screditrisk |
| 5.1.5Other | ||
| 5.2Othercomprehensiveincomethatwillbeclassifiedintotheprofitandloss | ||
| 5.2.1Othercomprehensiveincomeunderequitymethodthatcantransfertogain/loss | ||
| 5.2.2Changeoffairvalueofotherdebtinvestment | ||
| 5.2.3Amountoffinancialassetsre-classifytoothercomprehensiveincome | ||
| 5.2.4Creditimpairmentprovisionforotherdebtinvestment | ||
| 5.2.5Cashflowhedgingreserve | ||
| 5.2.6Translationdifferencesarisingontranslationofforeigncurrencyfinancialstatements | ||
| 5.2.7Other | ||
| 6.Totalcomprehensiveincome | 32,881,068 | 45,253,721 |
| 7.Earningspershare | ||
| 7.1Basicearningspershare | 0.05 | 0.07 |
| 7.2Dilutedearningspershare | 0.05 | 0.07 |
5)Consolidatedprofitstatementfromthebeginningoftheyeartotheendofthereportperiod
Unit:CNY
| Item | Amountinthisreportperiod | Amountinpriorreportperiod |
| 1.Revenue | 2,192,739,690 | 3,553,926,816 |
| Including:Operatingincome | 2,192,739,690 | 3,553,926,816 |
| Interestincome | ||
| Earnedpremium | ||
| Handlingfeesandcommissionincome | ||
| 2.Totaloperatingcosts | 1,717,091,047 | 2,629,345,172 |
| Including:Operatingcosts | 950,246,786 | 1,269,673,410 |
| Interestexpenditure | ||
| Handlingfeesandcommissionexpenditure | ||
| Premiumrebate | ||
| Netamountofindemnityexpenditure | ||
| Netamountofinsurancecontractreservefundwithdrawal | ||
| Policybonuspayment | ||
| Amortizedreinsuranceexpenditures | ||
| Taxesandsurcharges | 136,365,030 | 186,796,533 |
| Sellingexpenses | 421,620,422 | 932,125,012 |
| Administrativeexpenses | 190,953,700 | 219,370,543 |
| Researchanddevelopmentexpenditure | 2,675,257 | 3,855,990 |
| Financialexpenses | 15,229,852 | 17,523,684 |
| Including:Interestexpenses | 25,065,852 | 19,338,175 |
| Interestincome | 9,907,308 | 10,250,903 |
| Plus:Otherincome | 66,451,990 | 69,021,317 |
| Investmentprofit(lossislistedwith"-") | -1,256,105 | -128,956 |
| Including:Investmentprofitforjoint-runbusinessandjointventure | -1,256,105 | -959,797 |
| Terminationofrecognizedincomeoffinancialassetsmeasuredatamortizedcost(lossislistedwith"-") | ||
| Exchangeincome(lossislistedwith"-") | ||
| Netexposurehedgingincome(Lossislistedwith“-”) | ||
| Fairvaluechargeprofit(lossislistedwith"-") | ||
| Lossofcreditimpairment(lossislistedwith"-") | 3,125,029 | -2,183,171 |
| Lossforimpairmentofassets(lossislistedwith"-") | 5,083,785 | 1,691,320 |
| Assetsdisposalincome(lossislistedwith"-") | -1,139,783 | -166,664 |
| 3.Operatingprofit(lossislistedwith"-") | 547,913,559 | 992,815,490 |
| Plus:Non-operatingincome | 7,619,514 | 6,340,525 |
| Minus:Non-operatingexpenditure | 1,073,199 | 902,287 |
| 4.Totalprofits(totallossislistedwith"-") | 554,459,874 | 998,253,728 |
| Minus:Incometaxes | 147,252,351 | 257,857,213 |
| 5.Netprofit(netlossislistedwith"-") | 407,207,523 | 740,396,515 |
| （一）Classificationbycontinuousoperation | ||
| 1.Netprofitfromcontinuousoperation(netlossislistedwith"-") | ||
| 2.Netprofitfromterminationaloperation(netlossislistedwith"-") | ||
| (二)Classificationbyownership | ||
| 1.Netprofitsattributetoequityholdersofthecompany | 403,760,926 | 740,898,517 |
| 2.Minorityinterests | 3,446,597 | -502,002 |
| 6.Netvalueofothercomprehensiveincomeaftertax | -2,290,461 | -21,451,376 |
| 6.1Netvalueofothercomprehensiveincomeaftertaxofholdingcompany'sowners | -2,631,948 | -19,854,806 |
| 6.1.1Othercomprehensiveincomethatwillnotbeclassifiedintotheprofitandloss | ||
| 6.1.1.1Changesofthedefinedbenefitplansthatre-measured | ||
| 6.1.1.2Othercomprehensiveincomeunderequitymethodthatcannotbetransfertogain/loss | ||
| 6.1.1.3Changeoffairvalueofinvestmentinotherequityinstrument | ||
| 6.1.1.4Fairvaluechangeofenterprise'screditrisk | ||
| 6.1.1.5Other | ||
| 6.1.2Othercomprehensiveincomethatwillbeclassifiedintotheprofitandloss | -2,631,948 | -19,854,806 |
| 6.1.2.1Othercomprehensiveincomeunderequitymethodthatcantransfertogain/loss | ||
| 6.1.2.2Changeoffairvalueofotherdebtinvestment | ||
| 6.1.2.3Amountoffinancialassetsre-classifytoothercomprehensiveincome | ||
| 6.1.2.4Creditimpairmentprovisionforotherdebtinvestment | ||
| 6.1.2.5Cashflowhedgingreserve | ||
| 6.1.2.6Translationdifferencesarisingontranslationofforeigncurrencyfinancialstatements | -2,631,948 | -19,854,806 |
| 6.1.2.7Other | ||
| 6.2Netvalueofothercomprehensiveincomeaftertaxofminorityshareholders | 341,487 | -1,596,570 |
| 7.TotalcomprehensiveIncome | 404,917,062 | 718,945,139 |
| Totalcomprehensiveincomeofholdingcompany | 401,128,978 | 721,043,711 |
| Totalcomprehensiveincomeofminorityshareholders | 3,788,084 | -2,098,572 |
| 8.Earningspershare | ||
| 8.1Basicearningspershare | 0.59 | 1.08 |
| 8.2Dilutedearningspershare | 0.59 | 1.08 |
Duringthisreportperiod,theissuerelatestocompanyconsolidationundercommoncontrol,consolidatedpartycompletesnetprofitamountofCNY12,943,426beforebeingconsolidated,andconsolidatedpartycompletesnetprofitamountofCNY12,619,645inthesameperiodoflastyear.Legalrepresentative:ZhouHongjiang;Personinchargeofaccounting:JiangJianxun;Personinchargeofaccountingorgan:GuoCuimei
6)Profitstatementofparentcompanyfromthebeginningoftheyeartotheendofthereportperiod
Unit:CNY
| Item | Amountinthisreportperiod | Amountinpriorreportperiod |
| 1.Revenue | 258,369,202 | 552,839,771 |
| Minus:Operatingcosts | 230,278,120 | 493,642,250 |
| Taxesandsurcharges | 9,123,718 | 23,586,763 |
| Sellingexpenses | ||
| Administrativeexpenses | 45,086,374 | 55,928,450 |
| Researchanddevelopmentexpenditure | 494,283 | 611,084 |
| Financialexpenses | -152,052 | -4,204,810 |
| Including:Interestexpenses | 4,916,507 | -514,245 |
| Interestincome | 5,043,797 | 5,073,326 |
| Plus:Otherincome | 2,678,154 | 2,574,791 |
| Investmentprofit(lossislistedwith"-") | 119,998,422 | 319,221,755 |
| Including:Investmentprofitforjoint-runbusinessandjointventure | ||
| Terminationofrecognizedincomeoffinancialassetsmeasuredatamortizedcost(lossislistedwith"-") | ||
| Netexposurehedgingincome(Lossislistedwith“-”) | ||
| Fairvaluechargeprofit(lossislistedwith"-") | ||
| Lossofcreditimpairment(lossislistedwith"-") | ||
| Lossforimpairmentofassets(lossislistedwith"-") | ||
| Assetsdisposalincome(lossislistedwith"-") | 21,901 | |
| 2.Operatingprofit(lossislistedwith"-") | 96,809,899 | 305,094,481 |
| Plus:Non-operatingincome | 2,058,634 | 825,767 |
| Minus:Non-operatingexpenses | 525,000 | 845,797 |
| 3.Totalprofits(totallossislistedwith"-") | 98,343,533 | 305,074,451 |
| Minus:Incometax | -5,484,640 | -908,748 |
| 4.Netprofit(netlossislistedwith"-") | 103,828,173 | 305,983,199 |
| 1.Netprofitfromcontinuousoperation(netlossislistedwith"-") | 103,828,173 | 305,983,199 |
| 2.Netprofitfromterminationaloperation(netlossislistedwith"-") | ||
| 5.Netvalueofothercomprehensiveincomeaftertax | ||
| 5.1Othercomprehensiveincomethatwillnotbeclassifiedintotheprofitandloss | ||
| 5.1.1Remeasurethechangesinnetassetsorliabilitiesofdefinedbenefitplans | ||
| 5.1.2Sharesofothercomprehensiveincomefrominvesteewhichcannotbereclassifiedintoprofitandlossundertheequitymethod | ||
| 5.1.3Changeoffairvalueofinvestmentinotherequityinstrument | ||
| 5.1.4Fairvaluechangeofenterprise'screditrisk | ||
| 5.1.5Other | ||
| 5.2Othercomprehensiveincomethatwillbeclassifiedintotheprofitandloss | ||
| 5.2.1Othercomprehensiveincomeunderequitymethodthatcantransfertogain/loss | ||
| 5.2.2Changeoffairvalueofotherdebtinvestment | ||
| 5.2.3Amountoffinancialassetsre-classifytoothercomprehensiveincome | ||
| 5.2.4Creditimpairmentprovisionforotherdebtinvestment | ||
| 5.2.5Cashflowhedgingreserve | ||
| 5.2.6Translationdifferencesarisingontranslationofforeigncurrencyfinancialstatements | ||
| 5.2.7Other | ||
| 6.Totalcomprehensiveincome | 103,828,173 | 305,983,199 |
| 7.Earningspershare | ||
| 7.1Basicearningspershare | 0.15 | 0.45 |
| 7.2Dilutedearningspershare | 0.15 | 0.45 |
7)Consolidatedcashflowstatementfromthebeginningoftheyeartotheendofthereportperiod
Unit:CNY
| Item | Amountinthisreportperiod | Amountinpriorreportperiod |
| 1.Cashflowsfromoperatingactivities: | ||
| Cashreceivedfromsalesofgoodsandrendingofservices | 2,310,331,855 | 3,404,022,629 |
| Netincreaseincustomerandinterbankdeposits | ||
| Netincreaseinborrowingsfromcentralbank | ||
| Netincreaseinborrowingsfromotherfinancialinstitutions |
| Cashreceivedfromreceivinginsurancepremiumoforiginalinsurancecontract | ||
| Netcashreceivedfromreinsurancebusiness | ||
| Netincreaseofdepositofinsuredandinvestmentfund | ||
| Netincreaseindisposingoffinancialassetsthatmeasuredbyfairvaluewithchangesrecordedintothecurrentprofitandloss | ||
| Cashreceivedfromcollectinginterest,handlingfeesandcommission | ||
| Netincreaseinborrowings | ||
| Netincreaseinrepurchasementbusinessfunds | ||
| Taxrefundreceived | 33,733,604 | 29,762,041 |
| Othercashreceivedrelatedtooperatingactivities | 69,259,710 | 85,647,005 |
| Sub-totalofcashinflowsofoperatingactivities | 2,413,325,169 | 3,519,431,675 |
| Cashpaidforgoodsandservices | 855,818,928 | 1,207,473,323 |
| Netincreaseincustomerloansandadvances | ||
| Netincreaseindepositsincentralbankandinterbankdeposits | ||
| Cashpaidtooriginalinsurancecontractpayments | ||
| Cashpaidtointerest,handlingfeesandcommission | ||
| Cashpaidtopolicybonus | ||
| Cashpaidtoandonbehalfofemployees | 325,519,463 | 385,086,539 |
| Cashpaidfortaxesandexpenses | 605,846,671 | 685,034,497 |
| Othercashpaidrelatedtooperatingactivities | 373,703,033 | 585,110,441 |
| Sub-totalofcashoutflowsofoperatingactivities | 2,160,888,095 | 2,862,704,800 |
| Netcashflowfromoperatingactivities | 252,437,074 | 656,726,875 |
| 2.Cashflowfrominvestingactivities: | ||
| Cashreceivedfromreturnofinvestment | ||
| Cashreceivedfromreturnoffixeddeposit | 80,128,600 | 174,597,650 |
| Cashreceivedfromobtaininginvestmentprofit | ||
| Cashreceivedfrominterestincome | 1,484,244 | 1,199,968 |
| Cashreceivedfromdisposaloffixedassets,intangibleassetsandotherlong-termassets | 1,139,360 | 197,599 |
| Netcashreceivedfromdisposalofbranchandotherbusinessunit | ||
| Othercashreceivedrelatedtoinvestingactivities | ||
| Sub-totalofcashinflowsofinvestmentactivities | 82,752,204 | 175,995,217 |
| Cashpaidtoacquirefixedassets,intangibleassetandotherlong-termassets | 100,318,579 | 201,434,544 |
| Cashforinvestments | 401,647 | |
| Cashpaidtoacquirefixeddeposit | 58,200,000 | 113,718,193 |
| Netincreaseinhypothecatedloan | ||
| Netcashpaidtoacquirebranchandotherbusinessunit | ||
| Othercashpaidrelatedtoinvestmentactivities | 170,752 | |
| Subtotalofcashoutflowsofinvestmentactivities | 158,518,579 | 315,725,136 |
| Netcashflowfrominvestingactivities | -75,766,375 | -139,729,919 |
| 3.Cashflowfromfinancingactivities |
| Cashreceivedfromacquiringinvestment | ||
| Including:Cashreceivedfromacquiringminorityshareholders'investmentbybranch | ||
| Cashreceivedfromacquiringloans | 784,217,057 | 684,581,027 |
| Othercashreceivedrelatedtofinancingactivities | ||
| Sub-totalcashinflowsoffinancingactivities | 784,217,057 | 684,581,027 |
| Cashpaidtorepaydebts | 775,223,291 | 697,660,583 |
| Cashpaidtodistributedividend,profitorpayinterest | 514,217,826 | 446,242,354 |
| Including:Dividendandprofitpaidtominorityshareholdersbybranch | 2,932,523 | |
| Othercashpaidrelatedtofinancingactivities | 44,025,637 | |
| Sub-totalofcashoutflowsoffinancingactivities | 1,333,466,754 | 1,143,902,937 |
| Netcashflowfromfinancingactivities | -549,249,697 | -459,321,910 |
| 4.Influencesofexchangeratefluctuationoncashandcashequivalents | -301,828 | -308,084 |
| 5.NetIncreaseofcashandcashequivalents | -372,880,826 | 57,366,962 |
| Plus:balanceatthebeginningoftheperiodofcashandcashequivalents | 1,397,399,469 | 1,236,286,115 |
| 6.Balanceattheendoftheperiodofcashandcashequivalents | 1,024,518,643 | 1,293,653,077 |
8)Cashflowstatementofparentcompanyfromthebeginningoftheyeartotheendofthereportperiod
Unit:CNY
| Item | Amountinthisreportperiod | Amountinpriorreportperiod |
| 1.Cashflowsfromoperatingactivities: | ||
| Cashreceivedfromsalesofgoodsandrendingofservices | 240,400,432 | 442,359,311 |
| Taxrefundreceived | ||
| Othercashreceivedrelatedtooperatingactivities | 19,575,796 | 44,030,652 |
| Sub-totalofcashinflowsofoperatingactivities | 259,976,228 | 486,389,963 |
| Cashpaidforgoodsandservices | 171,128,867 | 332,017,753 |
| Cashpaidtoandonbehalfofemployees | 46,232,646 | 57,697,044 |
| Cashpaidfortaxesandexpenses | 4,938,030 | 34,602,597 |
| Othercashpaidrelatedtooperatingactivities | 153,027,196 | 236,084,524 |
| Sub-totalofcashoutflowsofoperatingactivities | 375,326,739 | 660,401,918 |
| Netcashflowfromoperatingactivities | -115,350,511 | -174,011,955 |
| 2.Cashflowfrominvestingactivities: | ||
| Cashreceivedfromreturnofinvestment | ||
| Cashreceivedfromreturnoffixeddeposit | 35,200,000 | 110,000,000 |
| Cashreceivedfromobtaininginvestmentprofit | 319,744,088 | 815,117,830 |
| Cashreceivedfrominterestincome | 493,434 | 715,111 |
| Cashreceivedfromdisposaloffixedassets,intangibleassetsandotherlong-termassets | 83,699 | 29,815 |
| Netcashreceivedfromdisposalofbranchandotherbusinessunit | ||
| Othercashreceivedrelatedtoinvestingactivities | ||
| Sub-totalofcashinflowsofinvestmentactivities | 355,521,221 | 925,862,756 |
| Cashpaidtoacquirefixedassets,intangibleassetandotherlong-termassets | 2,411,971 | 14,223,638 |
| Cashforinvestments | 47,991,725 | 265,479,443 |
| Cashpaidtoacquirefixeddeposit | 38,200,000 | 105,238,750 |
| Netcashpaidtoacquirebranchandotherbusinessunit | ||
| Othercashpaidrelatedtoinvestmentactivities | 97,000,000 | |
| Subtotalofcashoutflowsofinvestmentactivities | 185,603,696 | 384,941,831 |
| Netcashflowfrominvestingactivities | 169,917,525 | 540,920,925 |
| 3.Cashflowfromfinancingactivities | ||
| Cashreceivedfromacquiringinvestment | ||
| Cashreceivedfromacquiringloans | 150,000,000 | |
| Othercashreceivedrelatedtofinancingactivities | ||
| Sub-totalcashinflowsoffinancingactivities | 150,000,000 | |
| Cashpaidtorepaydebts | 150,000,000 | |
| Cashpaidtodistributedividend,profitorpayinterest | 484,681,932 | 416,717,150 |
| Othercashpaidrelatedtofinancingactivities | ||
| Sub-totalofcashoutflowsoffinancingactivities | 634,681,932 | 416,717,150 |
| Netcashflowfromfinancingactivities | -484,681,932 | -416,717,150 |
| 4.Influencesofexchangeratefluctuationoncashandcashequivalents | ||
| 5.NetIncreaseofcashandcashequivalents | -430,114,918 | -49,808,180 |
| Plus:balanceatthebeginningoftheperiodofcashandcashequivalents | 623,116,542 | 532,384,882 |
| 6.Balanceattheendoftheperiodofcashandcashequivalents | 193,001,624 | 482,576,702 |
2.Explanationforadjustmentinfinancialstatements
1)Thesituationofadjustingrelateditemsinfinancialstatementsatthebeginningof2020owingtothefirstimplementationofnewRevenueStandardsandnewLeaseStandardssince2020?Available?NotavailableWhetherneedstoadjustthebalancesheetaccountatthebeginningoftheyear?Yes?No
Consolidatedbalancesheet
Unit:CNY
| Item | December31st,2019 | January1st,2020 | Adjustedamount |
| CurrentAssets： | |||
| Monetaryfund | 1,597,410,774 | 1,597,410,774 | |
| Pettycash | |||
| Lendingfunds | |||
| Transactionalfinancialassets | |||
| Derivativefinancialassets | |||
| Notesreceivable | |||
| Accountsreceivable | 265,693,603 | 265,693,603 | |
| ReceivablesFinancing | 317,270,229 | 317,270,229 | |
| Accountsprepaid | 67,840,190 | 67,840,190 | |
| Premiumsreceivable | |||
| Reinsuranceaccountsreceivable | |||
| Receivablereservesforreinsurancecontract | |||
| Otherreceivables | 24,380,907 | 24,380,907 | |
| Including:Interestreceivable | 148,927 | 148,927 | |
| Dividendsreceivable | |||
| Buyingbackthesaleoffinancialassets | |||
| Inventory | 2,903,817,750 | 2,903,817,750 | |
| Contractassets | |||
| Assetsclassifiedasholdingforsale | |||
| Non-currentassetsexpireinoneyear | |||
| Othercurrentassets | 269,931,887 | 269,931,887 | |
| TotalCurrentAssets | 5,446,345,340 | 5,446,345,340 | |
| Non-currentAssets： | |||
| Offeringloansandimprest | |||
| Debtinvestment | |||
| Otherdebtinvestment | |||
| Long-termaccountreceivable | |||
| Long-termequityinvestment | 43,981,130 | 43,981,130 | |
| Investmentinotherequityinstrument | |||
| Othernon-currentfinancialassets | |||
| Realestateforinvestment | 29,714,586 | 29,714,586 | |
| Fixedassets | 5,943,969,100 | 5,943,969,100 | |
| Constructioninprogress | 567,478,833 | 567,478,833 | |
| Biologicalassetsforproduction | 202,425,286 | 202,425,286 | |
| Oilandgasassets | |||
| Right-of-useassets | |||
| Intangibleassets | 652,543,848 | 652,543,848 | |
| Developmentexpenditure | |||
| Goodwill | 141,859,193 | 141,859,193 | |
| Long-termdeferredexpenses | 280,478,194 | 280,478,194 | |
| Deferredtaxassets | 264,768,008 | 264,768,008 | |
| Othernon-currentassets | 193,674,320 | 193,674,320 | |
| TotalNon-CurrentAssets | 8,320,892,498 | 8,320,892,498 | |
| TotalAssets | 13,767,237,838 | 13,767,237,838 |
| Currentliabilities： | |||
| Short-termloan | 754,313,744 | 754,313,744 | |
| BorrowingsfromtheCentralBank | |||
| Borrowingfunds | |||
| Transactionalfinancialliability | |||
| Derivativefinancialliabilities | |||
| Notespayable | |||
| Accountspayable | 570,506,459 | 570,506,459 | |
| Advancesfromcustomers | 131,429,639 | -131,429,639 | |
| Contractliabilities | 116,309,415 | 116,309,415 | |
| Sales/buybackfinancialassets | |||
| Customerandinterbankdeposits | |||
| Actingtradingsecurities | |||
| Actingunderwritingsecurities | |||
| Wagepayable | 235,555,474 | 235,555,474 | |
| Taxpayable | 375,582,368 | 375,582,368 | 0 |
| Otheraccountspayable | 463,433,185 | 463,433,185 | |
| Including:Interestpayable | 758,047 | 758,047 | |
| Dividendpayable | 1,366,559 | 1,366,559 | |
| Payablehandlingfeesandcommission | |||
| Dividendpayableforreinsurance | |||
| Liabilitiesclassifiedasholdingforsale | |||
| Non-currentliabilitiesexpireinoneyear | 150,826,221 | 150,826,221 | |
| Othercurrentliabilities | 15,120,224 | 15,120,224 | |
| TotalCurrentLiabilities | 2,681,647,090 | 2,681,647,090 | 0 |
| Non-CurrentLiabilities: | |||
| Insurancecontractreserve | |||
| Long-termborrowings | 128,892,501 | 128,892,501 | |
| Bondspayable | |||
| Including:PreferredStock | |||
| Perpetualcapitalsecurities | |||
| Leaseliability | |||
| Long-termaccountspayable | 191,000,000 | 191,000,000 | |
| Long-termaccruedpayroll | |||
| Estimatedliabilities | |||
| Deferredincome | 70,701,288 | 70,701,288 | |
| Deferredtaxliabilities | 14,691,424 | 14,691,424 | |
| Othernon-currentliabilities | 7,645,777 | 7,645,777 | |
| Totalnon-currentliabilities | 412,930,990 | 412,930,990 | |
| Totalliabilities | 3,094,578,080 | 3,094,578,080 | |
| Owner’sequity(orshareholders’equity): | |||
| Capitalstock | 685,464,000 | 685,464,000 | |
| Otherequityinstruments | |||
| Including:PreferredStock | |||
| Perpetualcapitalsecurities | |||
| Capitalreserve | 642,775,360 | 642,775,360 | |
| Minus:treasurystock | |||
| Othercomprehensiveincome | -4,235,583 | -4,235,583 | |
| Specialreserves |
| Surplusreserve | 342,732,000 | 342,732,000 |
| Generalriskpreparation | ||
| Undistributedprofits | 8,734,335,311 | 8,734,335,311 |
| Totalowner'sequityattributabletotheholdingcompany | 10,401,071,088 | 10,401,071,088 |
| Minorityinterests | 271,588,670 | 271,588,670 |
| Totalowner'sequity | 10,672,659,758 | 10,672,659,758 |
| Totalliabilitiesandowner'sequity | 13,767,237,838 | 13,767,237,838 |
ExplanationforadjustmentBalancesheetofparentcompany
Unit:CNY
| Item | December31st,2019 | January1st,2020 | Adjustedamount |
| CurrentAssets： | |||
| Monetaryfund | 710,505,269 | 710,505,269 | |
| Transactionalfinancialassets | |||
| Derivativefinancialassets | |||
| Notesreceivable | |||
| Accountsreceivable | 1,988,326 | 1,988,326 | |
| ReceivablesFinancing | 41,679,635 | 41,679,635 | |
| Accountsprepaid | 776,539 | 776,539 | |
| Otherreceivables | 586,424,958 | 586,424,958 | |
| Including:Interestreceivable | 90,355 | 90,355 | |
| Dividendsreceivable | 200,000,000 | 200,000,000 | |
| Inventory | 434,007,808 | 434,007,808 | |
| Contractassets | |||
| Assetsclassifiedasholdingforsale | |||
| Non-currentassetsexpireinoneyear | |||
| Othercurrentassets | 39,130,466 | 39,130,466 | |
| TotalCurrentAssets | 1,814,513,001 | 1,814,513,001 | |
| Non-currentAssets： | |||
| Debtinvestment | |||
| Otherdebtinvestment | |||
| Long-termaccountreceivable | |||
| Long-termequityinvestment | 7,432,422,621 | 7,432,422,621 | |
| Investmentinotherequityinstrument | |||
| Othernon-currentfinancialassets | |||
| Realestateforinvestment | 29,714,586 | 29,714,586 | |
| Fixedassets | 261,137,072 | 261,137,072 | |
| Constructioninprogress | |||
| Biologicalassetsforproduction | 121,414,096 | 121,414,096 | |
| Oilandgasassets | |||
| Right-of-useassets | |||
| Intangibleassets | 64,864,913 | 64,864,913 | |
| Developmentexpenditure | |||
| Goodwill | |||
| Long-termdeferredexpenses | |||
| Deferredtaxassets | 16,255,870 | 16,255,870 |
| Othernon-currentassets | 1,427,700,000 | 1,427,700,000 |
| TotalNon-CurrentAssets | 9,353,509,158 | 9,353,509,158 |
| TotalAssets | 11,168,022,159 | 11,168,022,159 |
| Currentliabilities： | ||
| Short-termloan | 150,000,000 | 150,000,000 |
| Transactionalfinancialliability | ||
| Derivativefinancialliabilities | ||
| Notespayable | ||
| Accountspayable | 63,655,240 | 63,655,240 |
| Advancesfromcustomers | ||
| Contractliabilities | ||
| Wagepayable | 70,445,847 | 70,445,847 |
| Taxpayable | 6,052,456 | 6,052,456 |
| Otheraccountspayable | 660,149,563 | 660,149,563 |
| Including:Interestpayable | 181,250 | 181,250 |
| Dividendpayable | ||
| Liabilitiesclassifiedasholdingforsale | ||
| Non-currentliabilitiesexpireinoneyear | ||
| Othercurrentliabilities | ||
| TotalCurrentLiabilities | 950,303,106 | 950,303,106 |
| Non-CurrentLiabilities: | ||
| Long-termborrowings | ||
| Bondspayable | ||
| Including:PreferredStock | ||
| Perpetualcapitalsecurities | ||
| Leaseliability | ||
| Long-termaccountspayable | ||
| Long-termaccruedpayroll | ||
| Estimatedliabilities | ||
| Deferredincome | 9,176,315 | 9,176,315 |
| Deferredtaxliabilities | ||
| Othernon-currentliabilities | 3,146,707 | 3,146,707 |
| Totalnon-currentliabilities | 12,323,022 | 12,323,022 |
| Totalliabilities | 962,626,128 | 962,626,128 |
| Owner’sequity(orshareholders’equity): | ||
| Capitalstock | 685,464,000 | 685,464,000 |
| Otherequityinstruments | ||
| Including:PreferredStock | ||
| Perpetualcapitalsecurities | ||
| Capitalreserve | 557,222,454 | 557,222,454 |
| Minus:treasurystock | ||
| Othercomprehensiveincome | ||
| Specialreserves | ||
| Surplusreserve | 342,732,000 | 342,732,000 |
| Undistributedprofits | 8,619,977,577 | 8,619,977,577 |
| Totalowner'sequity | 10,205,396,031 | 10,205,396,031 |
| Totalliabilitiesandowner'sequity | 11,168,022,159 | 11,168,022,159 |
Explanationforadjustment
2)ExplanationforretroactiveadjustmentincomparabledatainpriorreportperiodowingtotheimplementationofnewRevenueStandardsandnewLeaseStandardssince2020
?Available?NotavailableDuringthereportperiod,theCompanyimplementedthenewRevenueStandardsandretroactivelyadjustedthepreviouscomparativedataaccordingtotheStandards,resultinginadecreaseofCNY131,429,639intheadvancereceiptsatthebeginningoftheperiod,anincreaseofCNY116,309,415inthecontractliabilitiesandanincreaseofCNY15,120,224inothercurrentliabilities.
3.AuditreportWhetherthethirdquarterreporthasbeenaudited.?Yes?NoThethirdquarterreporthasnotbeenaudited.
YantaiChangyuPioneerWineCo.,Ltd.
BoardofDirectors
October24
th
,2020