OFFCNEDUCATIONTECHNOLOGYCO.,LTD.
FirstQuarter2021Report
StockCode:002607StockAbbr.:OFFCNEDU
April,2021
ChapterI.ImportantInformation
TheCompany’sBoardofDirectors,SupervisoryCommittee,directors,supervisors,andseniormanagementherebyguaranteethatthecontentsoftheannualreportaretrue,accurate,andcomplete,andthattherearenomisrepresentations,misleadingstatements,ormaterialomissions,andshallassumeindividualandjointlegalliabilities.ThisreportispreparedandpublishedinChineseversion,andtheEnglishversionisforreferenceonly.ShouldtherebeanyinconsistencybetweentheChineseversionandEnglishversion,theChineseversionshallprevail.Alldirectorsattendedtheboardmeetingforreviewingthisquarterlyreport.WangZhendong,theCompany’slegalrepresentative,ShiLei,theresponsiblepersoninchargeofaccountingwork,andLuoXue,thepersoninchargeoftheaccountingdepartment,herebydeclarethatthefinancialreportinthisquarterlyreportisauthentic,accurateandcomplete.
ChapterII.GeneralInformationoftheCompany
SectionI.Keyaccountinginformationandfinancialindicators
WhethertheCompanyneedstoadjustitsfinancialinformationretrospectivelyorrestateitspreviousyearaccountinginformation
□Yes√No
| Currentreportingperiod | Sameperiodofthepreviousyear | Increase/Decreaseinthecurrentreportingperiodoverthesameperiodofthepreviousyear | |
| Operatingincome(RMB) | 2,051,691,383.47 | 1,230,102,270.48 | 66.79% |
| NetprofitattributabletoshareholdersofthelistedCompany(RMB) | 140,729,639.84 | 116,303,799.91 | 21.00% |
| Netprofitafterdeductingnon-recurringprofitsandlossesattributabletoshareholdersofthelistedCompany(RMB) | 92,213,329.43 | 77,685,654.82 | 18.70% |
| Netcashflowfromoperatingactivities(RMB) | -246,724,873.67 | 2,564,218,312.85 | -109.62% |
| Basicearningspershare(RMB/share) | 0.02 | 0.02 | 0.00% |
| Dilutedearningspershare(RMB/share) | 0.02 | 0.02 | 0.00% |
| Weightedaveragereturnonnetassets | 3.24% | 3.33% | -0.09% |
| Endofthecurrentreportingperiod | Endofthepreviousyear | Increase/Decreaseattheendofthisreportingperiodovertheendofthepreviousyear | |
| Totalassets(RMB) | 15,995,461,567.61 | 14,418,850,027.27 | 10.93% |
| TotalnetassetsattributabletoshareholdersofthelistedCompany(RMB) | 4,415,857,433.04 | 4,275,127,793.20 | 3.29% |
Itemswithnon-recurringgainsorlossesandtheamounts
√Applicable□Notapplicable
Unit:RMB
| Items | Amountfromthebeginningoftheyeartothe | Description |
| endofthereportingperiod | ||
| Profitsorlossesondisposalofnon-currentassets(includingoffsettingamountfortheprovisionofimpairmentofassets) | 56,256.12 | |
| Governmentsubsidiesincludedinthecurrentprofitsandlosses(exceptforgovernmentsubsidiescloselyrelatedtothebusinessoftheenterprisethatarefixedorquantifiedinaccordancewithnationalunifiedstandards) | 1,006,121.68 | |
| Profitsorlossesfromentrustingotherstoinvestormanageassets | 10,983,589.09 | |
| Othernon-operatingincomeandexpensesexceptfortheitemsabove | -69,002.90 | |
| Otherprofitsorlossesitemsthatmeetthedefinitionofnon-recurringprofitsandlosses | 45,101,048.40 | |
| Less:Impactonincometax | 8,561,701.98 | |
| Total | 48,516,310.41 | -- |
Provideexplanationsforclassifyingitemsofnon-recurringprofitsorlossesdefinedorlistedintheExplanatoryAnnouncementNo.1forInformationDisclosuresoftheCompanyIssuingSecuritiesPublicly—Non-recurringProfitsandLossesasitemsofrecurringprofitsorlosses.
□Applicable√NotapplicableTheCompanyhasnotclassifiednon-recurringprofitsorlossesitemsdefinedorlistedintheExplanatoryAnnouncementNo.1forInformationDisclosuresoftheCompanyIssuingSecuritiesPublicly—Non-recurringprofitsandlossesasrecurringprofitorlossitemsinthereportingperiod.SectionII.Tablesonthetotalnumberofshareholdersandsharesheldbythetop10shareholdersattheendofthereportingperiod
1.Tableonthetotalnumberofcommonshareholders,preferredshareholderswithrestoredvotingrightsandsharesheldbythetop10shareholders
Unit:share(s)
| Totalnumberofcommonshareholdersattheendofthereportingperiod | 57,045 | Totalnumberofpreferredshareholderswithrestoredvotingrightsattheendofthereportingperiod(ifany) | 0 | |||
| Particularsaboutsharesheldbythetop10shareholders | ||||||
| Nameofshareholders | Natureofshareholders | Shareholdingratio(%) | Numberofsharesheld | Numberofsharesheldwithsalesrestrictions | Pledgedorfrozen | |
| Statusofshares | Numberofshares | |||||
| LuZhongfang | Domesticnaturalperson | 41.36% | 2,550,549,260 | 2,550,549,260 | Pledged | 450,000,000 |
| LiYongxin | Domesticnaturalperson | 18.35% | 1,131,415,121 | 1,095,063,560 | Pledged | 459,846,561 |
| WangZhendong | Domesticnaturalperson | 15.61% | 962,471,418 | 721,853,563 | Pledged | 245,589,966 |
| BeijingAerospaceIndustryInvestmentFund(LimitedPartnership) | Domesticnon-state-ownedlegalperson | 4.25% | 261,960,371 | 0 | ||
| HongKongSecuritiesClearingCo.,Ltd. | Overseaslegalperson | 2.27% | 140,112,381 | 0 | ||
| BeijingKeruiTechnologyInnovationInvestmentCenter(LimitedPartnership) | Domesticnon-state-ownedlegalperson | 1.44% | 89,117,723 | 89,117,723 | ||
| BeijingOffcnFutureInformationConsultingCenter(LimitedPartnership) | Domesticnon-state-ownedlegalperson | 1.30% | 80,000,000 | 0 | ||
| ZhouXiayun | Domesticnaturalperson | 1.28% | 78,848,640 | 0 | Pledged | 48,500,000 |
| ZhunHui | Domesticnaturalperson | 1.17% | 72,277,920 | 0 | Pledged | 11,050,000 |
| BeijingGuangyinVentureCapitalCenter(LimitedPartnership) | Domesticnon-state-ownedlegalperson | 1.12% | 68,848,230 | 0 |
| Particularsaboutsharesheldbythetop10shareholderswithoutsalesrestrictions | |||
| Nameofshareholders | Numberofshareswithoutsalesrestrictionsheld | Typeofshares | |
| Typeofshares | Numberofshares | ||
| BeijingAerospaceIndustryInvestmentFund(LimitedPartnership) | 261,960,371 | RMBcommonshares | 261,960,371 |
| WangZhendong | 240,617,855 | RMBcommonshares | 240,617,855 |
| HongKongSecuritiesClearingCo.,Ltd. | 140,112,381 | RMBcommonshares | 140,112,381 |
| BeijingOffcnFutureInformationConsultingCenter(LimitedPartnership) | 80,000,000 | RMBcommonshares | 80,000,000 |
| ZhouXiayun | 78,848,640 | RMBcommonshares | 78,848,640 |
| ZhouHui | 72,277,920 | RMBcommonshares | 72,277,920 |
| BeijingGuangyinVentureCapitalCenter(LimitedPartnership) | 68,848,230 | RMBcommonshares | 68,848,230 |
| ZhouLi | 48,185,280 | RMBcommonshares | 48,185,280 |
| LiYongxin | 36,351,561 | RMBcommonshares | 36,351,561 |
| ChinaMerchantsBankCo.,Ltd.—BOCOMSchrodersGrowthHybridSecuritiesInvestmentFund | 30,507,767 | RMBcommonshares | 30,507,767 |
| Descriptionoftherelationshiporconcertedactionamongtheabovementionedshareholders | TheCompany’scontrollingshareholderandactualcontrollerLuZhongfangandLiYongxinareinaparent-childrelationship.LuZhongfang,LiYongxin,andBeijingOffcnFutureInformationConsultingCenter(LimitedPartnership)constitutepersonsactinginconcert.ZhouXiayunandZhouHuihaveafather-sonrelationship.ZhouXiayunandZhouLihaveafather-daughterrelationship.Itisunknownwhetherthereisanassociatedrelationshipamongtheabove-mentionedothershareholders,andwhethertheabove-mentionedshareholdersbelongtothepartiesactinginconcert. |
| Descriptionofthetop10shareholdersparticipatinginthemargintrading(ifany) | None |
Whetherthetop10commonshareholdersandthetop10commonshareholderswithoutsalesconditionsoftheCompanycarryouttheagreedrepurchasetransactionduringthereportingperiod
□Yes√NoTheCompany’stop10commonshareholdersandtop10commonshareholderswithoutsalesconditionsdidn’tconductagreedrepurchasetransactionsduringthereportingperiod
2.Tableonthetotalnumberofpreferredshareholdersandsharesheldbythetop10preferredshareholders
□Applicable√NotApplicable
ChapterIII.SignificantEventsSectionI.Casesandreasonsofmainfinancialdataandindicatorsfluctuation
duringthereportingperiod
√Applicable□NotApplicable
Unit:RMB
| BalanceSheet | Amountattheendofthereportingperiod | Amountatthebeginningofthereportingperiod | Growth | Statements |
| Monetaryfunds | 3,127,976,812.41 | 5,950,395,089.12 | -47.43% | Mainlyduetotheincreaseinthepurchaseandconstructionoffixedassetsandlanduserights |
| Transactionalfinancialassets | 340,458,014.46 | 983,205,858.25 | -65.37% | Mainlyduetothestructuraladjustmentofassetallocationinthecurrentperiod |
| Prepayments | 2,984,481.00 | 2,204,120.00 | 35.40% | Mainlyduetotheincreasedprepaymentsfortheemployees’businesstravelairticketstothetravelagency. |
| Otherreceivables | 562,009,727.82 | 304,318,966.20 | 84.68% | Mainlyduetotheincreaseincurrentaccountsandemployeeborrowings |
| Othercurrentassets | 837,225,325.51 | 175,179,650.61 | 377.92% | Mainlyduetotheincreaseintimedepositspurchasedbythecompanywithinoneyear |
| Right-of-useassets | 1,449,126,148.68 | MainlyduetotheimplementationofthenewleasestandardfromJanuary1,2021,andtheincreaseinright-of-useassets | ||
| Othernon-currentassets | 3,827,994,523.92 | 1,151,091,703.31 | 232.55% | Mainlyduetothepurchaseandconstructionoffixedassetsandintangibleassets |
| Employeebenefitspayable | 360,434,166.16 | 637,448,433.99 | -43.46% | Mainlyduetotheeffectofemployeesalariedandbonusesofthepreviousyear |
| Taxespayable | 76,878,568.77 | 131,111,770.78 | -41.36% | MainlyduetothepaymentofcorporateincometaxinQ4of2020 |
| Non-currentliabilitiesduewithinoneyear | 479,787,466.27 | MainlyduetotheimplementationofthenewleasestandardfromJanuary1,2021,andtheincreaseinnon-currentliabilitiesduewithinoneyear | ||
| Leaseliability | 592,382,877.48 | MainlyduetotheimplementationofthenewleasestandardfromJanuary1,2021,andtheincreaseinleaseliabilities |
| IncomeStatement | Currentperiod | Previousperiod | Growth | Statements |
| Totaloperatingincome | 2,051,691,383.47 | 1,230,102,270.48 | 66.79% | Mainlyduetothegradualendofthepandemicinthesecondhalfof2020,thecontinuousrecoveryofthemarketandthegradualincreaseinbusinessincome |
| Operatingcost | 824,615,510.04 | 520,863,204.58 | 58.32% | Mainlyduetotheendofthepandemicandthegradualrecoveryofofflinetraining |
| Salesexpense | 435,647,726.75 | 273,147,797.16 | 59.49% | Mainlyduetotheresumptionofmarketingactivities |
| Managementexpense | 340,240,393.35 | 209,704,141.65 | 62.25% | Mainlyduetotheresumptionofdailybusinessactivities |
| R&Dexpense | 267,150,553.55 | 105,248,410.14 | 153.83% | MainlyduetotheCompany'sexpansionofR&Dandincreasedinvestment |
| Financialexpense | 108,656,990.19 | 55,032,787.52 | 97.44% | Mainlyduetotheincreaseinshort-termborrowinginterestandcollectionfeesandtheamortizationofunrecognizedfinancingexpensestofinancialexpensesaccordingtothenewleasestandard |
| Otherincome | 60,454,036.43 | 36,688,536.72 | 64.78% | Mainlyduetotheincreaseofreductioninvalue-addedtaxenjoyedbythecompany |
| Investmentincome | 32,350,483.88 | 49,118,685.21 | -34.14% | Mainlyduetothestructuraladjustmentofassetallocationinthecurrentperiodandthedeclineintherateofreturnonpropertymanagement |
| CashFlowStatement | Currentperiod | Previousperiod | Growth | Statements |
| Cashreceiptsfromthesaleofgoodsandtherenderingofservices | 2,257,705,337.11 | 4,268,644,542.62 | -47.11% | Mainlyduetotheimpactofonemonthinadvanceofthemulti-provincialjointexamination,thepeakfeeperiodwasreducedbynearlyonemonth |
| Othercashreceivedrelatedtooperatingactivities | 8,365,632.60 | 3,552,880.40 | 135.46% | Mainlyduetotheincreaseininterestonbankdemanddepositsandtheincreaseinotherincome |
| Cashpaidtoandforemployees | 1,788,537,241.10 | 1,090,339,239.09 | 64.03% | Mainlyduetotheincreaseinemployeesalariespaidinthecurrentperiod |
| Cashreceiptsfromdisposalsandrecoveryofinvestments | 4,234,310,000.00 | 9,555,548,985.25 | -55.69% | Mainlyduetothestructuraladjustmentofassetallocationinthecurrentperiod |
| Cashreceivedfrominvestmentincome | 11,192,589.09 | 31,375,210.42 | -64.33% | Mainlyduetothestructuraladjustmentofassetallocationinthecurrentperiod |
| Cashpaidforthepurchaseandconstructionoffixedassets,intangible | 2,774,248,578.57 | 812,081,033.98 | 241.62% | Mainlyduetothepurchaseandconstructionoffixedassetsandintangibleassets |
| assetsandotherlong-termassets | ||||
| Cashpaidforinvestment | 4,226,550,000.00 | 13,732,288,090.00 | -69.22% | Mainlyduetothestructuraladjustmentofassetallocationinthecurrentperiod |
| Cashreceivedfromtheloan | 2,670,000,000.00 | 1,660,000,000.00 | 60.84% | Mainlyduetotheincreaseinborrowings |
| Cashpaidfordebtrepayment | 2,090,000,000.00 | 810,000,000.00 | 158.02% | Mainlyduetotherepaymentofshort-termloans |
| Cashpaidfordividends,profits,orinterestpayments | 46,324,162.51 | 32,099,556.25 | 44.31% | Mainlyduetotheincreaseininterestpaymentsonshort-termloans |
| Othercashpaidrelatedtofinancingactivities | 354,129,507.17 | MainlyduetotheimplementationofthenewleasestandardfromJanuary1,2021,therentpaidduringthereportingperiodwasadjustedfrom“paymentofothercashrelatedtooperatingactivities”to“paymentofothercashrelatedtofinancingactivities” |
SectionII.Progressofsignificantevents,theirimpactandanalysisonthesolutions
√Applicable□NotapplicableSignificanteventsandtheirprogressduringthereportingperiodhavebeendisclosedintheinterimannouncement.Fordetails,pleaserefertothedisclosureindexbelow
| Overviewofsignificantevents | Disclosuredate | Websiteindexforqueryofinterimreportdisclosure |
| TheCompanyheldthefourteenthmeetingofthefifthboardofdirectorsonNovember10,and26,2020,andthesecondextraordinarygeneralmeetingofshareholdersin2020.Proposalonwholly-ownedsubsidiarytoparticipateinthebiddingforlanduseright,wasreviewedandpassed,approvingBeijingOffcnFutureEducationTechnologyCo.,Ltd.,awholly-ownedsubsidiarytoparticipateinthebiddingforlanduserightofstate-ownedland,first-leveldevelopmentprojectCP00-1804-0002land,R2second-classresidentialland,CP00-1804-0012landandF3forothertypesofmulti-functionallandatQiliquNanbeiVillage,ShaheTown,ChangpingDistrict,BeijingOnDecember2,2020,thewholly-ownedsubsidiaryBeijingOffcnFutureEducationTechnologyCo.,Ltd.obtainedTransferConfirmationLetterforUseRightofBeijingState-ownedConstructionLand,confirmingthatthewholly-ownedsubsidiarysuccessfullybidforthelandforRMB3,005million.TheCompanyplanstobuildtheCompany'sonlinetechnologyR&Dcenter,onlineandofflineintegratededucationdemonstrationcenter,integratedtrainingcenterforR&Dandteachingpersonnel,verticalintegrationresponsecommandcenterfornationalmarket,andinnovativeeducationheadquartersonthisland. | November11,2020 | http://www.cninfo.com.cn/new/disclosure/detail?plate=szse&orgId=9900021221&stockCode=002607&announcementId=1208723592&announcementTime=2020-11-11 |
| TheCompanyhelditsboardofdirectors,boardofsupervisors,andthethirdextraordinarygeneralmeetingofshareholdersin2020onNovember23andDecember9,2020,andreviewedandapprovedtheProposalontheCompany’sCompliancewiththeConditionsforNon-publicIssuanceofAShares,ProposalontheCompany’sNon-PublicIssuanceofASharesandProposalontheCompany'sPlanforNon-PublicIssuanceofASharesandotherproposalsrelatedtothisnon-publicissuance.OnDecember30,2020,theCompanyannouncedtheAnnouncementontheAcceptanceofApplicationsforNon-publicIssuanceofSharesbytheChinaSecuritiesRegulatoryCommission(AnnouncementNo.:2020-052).OnJanuary8,2021,theCompanyannouncedthe"NoticeonReceivingOneFeedbackfromtheAdministrativeLicenseProjectReviewofChinaSecuritiesRegulatoryCommission(AnnouncementNo:2021-002).OnJan27,2021,theCompanyannouncedtheReportontheResponsetoNoticeonReceivingOneFeedbackfromtheAdministrativeLicenseProjectReviewofChinaSecuritiesRegulatoryCommissionandotherdocuments.Onthesameday,italsoannouncedtheadjustmentstothenon-publicissuanceplanincludingthePlanforNon-publicIssuanceofAShares(RevisedDraft)andrelatedannouncementsreviewedandapprovedatthe17thmeetingoftheFifthBoardofDirectorsandthe14thMeetingoftheFifthBoardofSupervisors. | Jan.27,2021 | http://www.cninfo.com.cn/new/disclosure/detail?plate=szse&orgId=9900021221&stockCode=002607&announcementId=1209194794&announcementTime=2021-01-27 |
Implementationprogressofsharerepurchase
□Applicable√Notapplicable
Progressintheimplementationofshareholdingsreductionthroughcentralizedbidding
□Applicable√NotapplicableSectionIII.CommitmentsinimplementationbytheCompany'sactualcontroller,shareholders,relatedparties,acquirerandtheCompanyitself,etc.duringthereportingperiod
√Applicable□Notapplicable
Theimportantcommitmentsmadebythemajorassetrestructuringpartiesareasfollows:
| CommitmentParty | CommitmentType | Maincontentsofcommitment | Commitmenttime | Commitmentperiod | Performance |
| YaxiaIndustrial,ZhouXiayun,ZhouHui,ZhouLi,Phase-Iemployeestockownershipplan | Letterofcommitmentonlock-upperiod | Afterthecompletionofthetransaction(startingfromthedateofthelistingofsharesissuedinthistransaction),thecompany/I/theplanshallnottransfertheshareswithrightsandinterestsofYaxiaAutowithin36months.Afterthecompletionofthetransaction,thesharesheldbytheCompany/I/theplan,derivedfromYaxiaAutosharesduetothedistributionofstockdividendsandtheconversionofcapitalreservetosharecapitalshallalsocomplywiththeabove-mentionedarrangementof | May4,2018 | Jan.31,2022 | Undernormalimplementation |
| restrictedsaleofshares.IftheChinaSecuritiesRegulatoryCommissionand/orShenzhenStockExchangehave/hasotherprovisionsfortheabove-mentionedlock-upperiodarrangement,thecompany/I/theplanwilladjustandimplementtheabove-mentionedlock-upperiodarrangementaccordingtothelatestregulationsoftheChinaSecuritiesRegulatoryCommissionand/orShenzhenStockExchange.Ifviolatingtheabovecommitments,thecompany/I/theplanwillbearalllossescausedtoYaxiaAuto. | |||||
| LiYongxin | LetterofCommitmentonlock-upperiodforsubscriptionofshares | 1.ThesharesofthelistedCompanysubscribedbymyselfinthistransactionshallnotbetransferredordealtwithinanyotherformswithin36monthsfromthedateofthelistingoftheshares.Within6monthsafterthelistingoftheshares,iftheclosingpriceofthelistedcompanystockislowerthantheissuepriceforconsecutive20tradingdays,ortheclosingpriceofthestockattheendofthe6monthsafterthelistingofthesharesislowerthantheissueprice,thelock-upperiodofconsiderationsharesacquiredbymyselfshallbeautomaticallyextendedfor6months.(Ifdividendorbonussharesdistribution,conversionofcapitalreserveorallotmentbythelistedcompanyoccurredduringtheabove-mentionedperiod,theaforementionedissuepriceshallbecalculatedbasedonthepriceadjustedbyfactorsasex-dividendandex-rights,etc.)2.Asthetransfereeof72,696,561YaxiaAutosharesheldbyAnhuiYaxiaIndustrialCo.,Ltd.,Ishallnottransfersuchshareswithin36monthsfromtheregistrationdateofsuchsharesinmysecuritiesaccount.3.Theaforesaidarrangementofsharelock-updoesnotaffecttheimplementationofprofitcompensationforthistransaction,thatis,whenIneedtomakeprofitcompensation,thelistedcompanyhastherighttorelievethelock-upofsharesincorrespondingamountinadvanceforprofitcompensation.4.Ipromisetoabidebythefollowingprovision:ifthetransactionisinvestigatedbyjudiciaryauthoritiesortheChinaSecuritiesRegulatoryCommissiononsuspicionofmisrepresentations,misleadingstatements,ormaterialomissionsinregardtotheinformationprovidedordisclosed,thesharesofthelistedCompanyacquiredinthistransactionshallnotbetransferreduntiltheconclusionoftheinvestigationisclarified.5.Afterthecompletiondateofthistransaction,my | Apr.27,2018 | Jan.31,2022 | Undernormalimplementation |
| increasedsharesduetobonussharesdistributionorconversionofcapitalreserveofthelistedCompanyshallalsocomplywiththeforegoingrequirements.6.Iftheaforementionedlock-upperiodarrangementdoesnotcomplywiththelatestlawsandregulationsandthelatestregulatoryrequirementsofthesecuritiesregulatoryinstitution,Iagreetoimplementthearrangementinaccordancewiththelatestlawsandregulationsandtherequirementsoftheregulatoryagency.7.Afterthelock-upperiodexpires,itwillbeimplementedinaccordancewiththerelevantregulationsoftheChinaSecuritiesRegulatoryCommissionandtheShenzhenStockExchange. | |||||
| LuZhongFang | Letterofcommitmentonlock-upperiodforsubscriptionofshares | 1.ThesharesofthelistedCompanysubscribedbymyselfinthistransactionshallnotbetransferredordealtwithinanyotherformswithin36monthsfromthedateofthelistingoftheshares.Within6monthsafterthelistingoftheshares,iftheclosingpriceofthelistedcompanystockislowerthantheissuepriceforconsecutive20tradingdays,ortheclosingpriceofthestockattheendofthe6monthsafterthelistingofthesharesislowerthantheissueprice,thelock-upperiodofconsiderationsharesacquiredbymyselfshallbeautomaticallyextendedfor6months.(Ifdividendorbonussharesdistribution,conversionofcapitalreserveorallotmentbythelistedcompanyoccurredduringtheabove-mentionedperiod,theaforementionedissuepriceshallbecalculatedbasedonthepriceadjustedbyfactorsasex-dividendandex-rights,etc.)2.Theaforesaidarrangementofsharelock-updoesnotaffecttheimplementationofprofitcompensationforthistransaction,thatis,whenIneedtomakeprofitcompensation,thelistedcompanyhastherighttorelievethelock-upofsharesincorrespondingamountinadvanceforprofitcompensation.3.Ipromisetoabidebythefollowingprovision:ifthetransactionisinvestigatedbyjudiciaryauthoritiesortheChinaSecuritiesRegulatoryCommissiononsuspicionofmisrepresentations,misleadingstatements,ormaterialomissionsinregardtotheinformationprovidedordisclosed,thesharesofthelistedCompanyacquiredinthistransactionshallnotbetransferreduntiltheconclusionoftheinvestigationisclarified.4.Afterthecompletiondateofthistransaction,myincreasedsharesduetobonussharesdistributionor | Apr.27,2018 | Jan.31,2022 | Undernormalimplementation |
| conversionofcapitalreserveofthelistedCompanyshallalsocomplywiththeforegoingrequirements.5.Iftheaforementionedlock-upperiodarrangementdoesnotcomplywiththelatestlawsandregulationsandthelatestregulatoryrequirementsofthesecuritiesregulatoryinstitution,Iagreetoimplementthearrangementinaccordancewiththelatestlawsandregulationsandtherequirementsoftheregulatoryagency.6.Afterthelock-upperiodexpires,itwillbeimplementedinaccordancewiththerelevantregulationsoftheChinaSecuritiesRegulatoryCommissionandtheShenzhenStockExchange. | |||||
| KeruiTechnologyInnovation | Letterofcommitmentonlock-upperiodforsubscriptionofshares | 1.ThesharesofthelistedCompanysubscribedbyKeruiTechnologyInnovationinthistransactionshallnotbetransferredordealtwithinanyotherformswithin36monthsfromthedateofthelistingoftheshares.Within6monthsafterthelistingoftheshares,iftheclosingpriceofthelistedcompanystockislowerthantheissuepriceforconsecutive20tradingdays,ortheclosingpriceofthestockattheendofthe6monthsafterthelistingofthesharesislowerthantheissueprice,thelock-upperiodofconsiderationsharesacquiredbyKeruiTechnologyInnovationshallbeautomaticallyextendedfor6months.(Ifdividendorbonussharesdistribution,conversionofcapitalreserveorallotmentbythelistedcompanyoccurredduringtheabove-mentionedperiod,theaforementionedissuepriceshallbecalculatedbasedonthepriceadjustedbyfactorsasex-dividendandex-rights,etc.)2.Theenterprisepromisestoabidebythefollowingprovision:ifthetransactionisinvestigatedbyjudiciaryauthoritiesortheChinaSecuritiesRegulatoryCommissiononsuspicionofmisrepresentations,misleadingstatements,ormaterialomissionsinregardtotheinformationprovidedordisclosed,thesharesofthelistedCompanyacquiredinthistransactionshallnotbetransferreduntiltheconclusionoftheinvestigationisclarified.3.Afterthecompletiondateofthistransaction,theincreasedsharesthattheenterpriseownsduetobonussharesdistributionorconversionofcapitalreserveofthelistedCompanyshallalsocomplywiththeforegoingrequirements.4.Iftheaforementionedlock-upperiodarrangementdoesnotcomplywiththelatestlawsandregulationsandthe | Jul.27,2018 | Jan.31,2022 | UndernormalImplementation |
| latestregulatoryrequirementsofthesecuritiesregulatoryinstitution,theenterpriseagreestoimplementthearrangementinaccordancewiththelatestlawsandregulationsandtherequirementsoftheregulatoryagency.5.Afterthelock-upperiodexpires,itwillbeimplementedinaccordancewiththerelevantregulationsoftheChinaSecuritiesRegulatoryCommissionandtheShenzhenStockExchange. | |||||
| OffcnPartnership | Letterofcommitmentonthelock-upofshares | Within36monthsfromthedateofthetransferof80,000,000sharesofYaxiaAutoheldbyAnhuiYaxiaIndustrialCo.,Ltd.totheenterprise,thesharesshallnotbetransferred.Thelock-upperiodofthesharesincreasedduringtheaboveperiodduetobonussharesdistribution,conversionofcapitalreserveorallotmentofsharesbyYaxiaAuto,shallalsocomplywiththeforegoingrequirements.Iftheenterpriseviolatescommitmentslistedabove,itwillbearalllossescausedtoYaxiaAuto. | Apr.27,2018 | Jan.31,2022 | Undernormalimplementation |
| LiYongxinandother10counterparties | Letterofcommitmentonthelock-upofOffcnPartnership’scontributionshares | Within36monthsfromthedateofthetransferof80,000,000sharesofYaxiaAutoheldbyAnhuiYaxiaIndustrialCo.,Ltd.toBeijingOffcnFutureInformationConsultingCenter(LimitedPartnership),IortheenterpriseshallnotinanywaytransferthesharesofBeijingOffcnFutureInformationConsultingCenter(LimitedPartnership)orwithdrawfromthepartnershipwithBeijingOffcnFutureInformationConsultingCenter(LimitedPartnership),nordowetransfer,assignorauthorizeotherentitiesinanywaytofullyorpartiallyhavetherightsandinterestsindirectlyrelatedtothesharesofYaxiaIndustrialCo.,Ltd.heldbyBeijingOffcnFutureInformationConsultingCenter(LimitedPartnership). | Jul.27,2018 | Jan.31,2022 | Undernormalimplementation |
| LiYongxinLuZhongfangWangZhendongOffcnPartnership | LetterofcommitmentonmaintainingindependenceofthelistedCompany | I.GuaranteetheindependenceofthelistedCompany’spersonnel(1)Itisguaranteedthatafterthecompletionofthistransaction,thepersonnel,humanresourcesandremunerationmanagementofthelistedCompanyshallbecompletelyindependentfrommyself/OffcnPartnership,andfromotherrelatedparties,suchascompanies,enterprisesoreconomicorganizations,controlledbymyself/OffcnPartnership.(2)Itisguaranteedthatafterthecompletionofthistransaction,seniorexecutivesshallworkasfull-timeemployeesandreceiveremunerationinthelistedCompany.Theyshallnotholdanypositionsotherthandirectorsorsupervisorsinothercompanies,enterprises,oreconomicorganizationscontrolledbymyself/OffcnPartnership.(3)Itisguaranteedthatafterthecompletionofthis | April27,2018 | Long-term | Underimplementationnormally |
| withthelistedCompanyanditssubsidiaries.(3)Itisguaranteedthatafterthecompletionofthistransaction,I/OffcnPartnership,orrelatedparties,suchascompanies,enterprises,orothereconomicorganizationscontrolledbymyself/OffcnPartnershipshallreducerelated-partytransactionswiththelistedCompanyanditssubsidiaries.Related-partytransactionsthatarereallynecessaryandunavoidableshallbeconductedinamarket-orientedandfairlywayandperformrelevantapprovalprocessesandinformationdisclosureobligationsinaccordancewithrelevantlaws,regulationsandregulatorydocuments.V.GuaranteethefinancialindependenceofthelistedCompany.(1)Itisguaranteedthatafterthecompletionofthistransaction,thelistedCompanyshallestablishanindependentfinancialdepartmentwithindependentfinancialaccountingsystemsandstandardizedandindependentfinancialaccountingrules.(2)Itisguaranteedthatafterthecompletionofthistransaction,thelistedCompanyshallopenbankaccountsindependentlyandshallnotsharebankaccountswithmyself/OffcnPartnership/otherrelatedparties,suchascompanies,enterprisesorothereconomicorganizationscontrolledbymyselforOffcnPartnership.(3)Itisguaranteedthatafterthecompletionofthistransaction,financialpersonnelhiredbythelistedCompanyshallnotholdanypart-timepositionsinotherrelatedparties,suchascompanies,enterprisesorothereconomicorganizationscontrolledbymyselforOffcnPartnership(4)Itisguaranteedthatafterthecompletionofthistransaction,thelistedCompanycanmakefinancialdecisionsindependently.I/OffcnPartnershipshallnotinterferewiththeuseoffundsbythelistedCompany.(5)Itisguaranteedthatafterthecompletionofthistransaction,thelistedCompanywillpaytaxesindependentlyaccordingtolaws.I/OffcnPartnershipshallbeliableforalllossescausedtothelistedCompanyanditssubsidiariesduetomy/OffcnPartnership’sfailureinfulfillingtheabovecommitments. | |||||
| LiYongxin,LuZhongfang | LetterofCommitmentonavoidinghorizontalcompetition | 1.Asofthedateofsigningthiscommitmentletter,myself,mycloserelativesandothercompanies,enterprisesoreconomicorganizationscontrolledbymyselfandmycloserelatives,exceptforBeijingOffcn | Sept.20,2018 | 1.ThetransferofKairuier | Asoftheendofthereporti |
| OnlineEducationTechnologyCo.,Ltd.(hereinafterreferredtoasOffcnOnline),controlledbymyrelativesXuhuaandLuYan,anditsaffiliatedschoolswhichareinvolvedinthesameorsimilarbusinessesconductedbyOffcnLtd.,otherrelatedpartiesarenotinvolvedinanysame,similarorrelatedbusinessesconductedbythelistedCompany,OffcnLtd.anditsaffiliatedcompaniesandschools.ExceptforservingasadirectorinKunmingWuhuaOffcntrainingschool,whichisaffiliatedtoOffcnOnline,LiYongxinneitherholdsanyfull-timeorpart-timepositionsnorprovidesconsultancyatanycompaniesorenterprises,whichconductscompetitivebusinesseswiththelistedCompany,OffcnLtd.andtheiraffiliates.Ialsodonotdirectlyorindirectlyholdanyequityorsharesofcompaniesorenterprisesconductingthesame,similarorrelatedbusinessesasthelistedCompany,OffcnLtd.anditsaffiliates.2.Asofthedateofsigningthiscommitmentletter,OffcnOnlineanditstwosubordinatetrainingschools’disposalsareasfollow:OffcnOnlineconductsnoeducationbusinesses(tobecanceledaftersubordinateschoolstransferred).KairuierTrainingSchoolinHaidianDistrictofBeijingistobetransferredtoanunrelatedthirdpartyandthetransferagreementhasbeensigned.Ifthetransferisnotcompletedwithin24monthssincethedateofsigningthiscommitmentletter,IwillurgeOffcnOnlinetocanceltheKairuierTrainingSchoolinHaidianDistrictofBeijing.KunmingWuhuaOffcnTrainingSchool,associatedwithOffcnOnline,hasbeenclosedanditwillbetransferredtoanunrelatedthirdpartyorwillbecanceledwithin12monthsaftertherevisedRegulationsfortheImplementationoftheLawonthePromotionofPrivateEducationofthePeople’sRepublicofChina(hereinafterreferredtoasRegulationsofImplementation)isofficiallypromulgatedandimplementedandsupportingregulationsformulatedbyrelevantlocaleducationauthoritiesinaccordancewiththerevisedRegulationsofImplementationcomesintoeffect.3.Asofthedateofsigningthiscommitmentletter,OffcnLtd.astheorganizerintendstotransferits100%oftheorganizer’srightsof33privateschoolsfornon-academicqualificationstoLiYongxinandsingedtheAgreementonTransferofOrganizer’sRightsofPrivateSchoolsforNon-AcademicQualificationsAffiliatedtoBeijingOffcn | TrainingSchoolinHaidianDistrictofBeijing:within24monthsfromthedateofthesigningofthisletterofcommitment2.ThetransferofKunmingWuhuaOffcnTrainingSchool:within12monthsaftertherevisedRegulationsofImplementationofficiallypromulgatedandimplementedandsupportingregulationsformulatedbyrelevantlocaleducationauthoritiesinaccordancewiththerevisedRegulationsofImplementationcomesintoeffect. | ngperiod,KairuierTrainingSchoolinHaidianDistrictofBeijinghadbeentransferredtoanunrelatedthirdparty.Othercommitmentsareundernormalimplementation |
| itsaffiliatesinthefuture,IwillnotifythelistedCompanyanditsaffiliatesinwritingwithin5workingdays.Afterobtainingthethirdparty’spromise,IwillattempttotransferthesebusinessopportunitiestothelistedCompanyanditsaffiliates.6.IguaranteethatIwouldneverusemyknowledgeaboutandtheinformationI’mawareofthelistedCompanyanditsaffiliatestoassistthirdpartiestoengage,participate,orinvestinbusinessesorprojectsthatcompetewiththelistedcompaniesanditsaffiliates.7.IfIviolatetheabovecommitments,thebenefitsobtainedbytheviolationofcommitmentsshallbelongtothelistedCompanyandIshallbeliableforalllossescausedtothelistedCompanyanditsaffiliates.Within30workingdayssincereceivingthewritingnoticefromthelistedCompany,compensationwillbemadeincash.8.Iwilldiscloserelevantinformationinatimelymannerifcommitmentsfailtobefulfilledortobefulfilledonschedulebecauseofobjectivereasons,suchaschangesinrelevantlaws,regulationsandpolicies,ornaturaldisasters.Exceptfortheabove-mentionedobjectivereasons,ifthecommitmentisanyhowunabletobefulfilledorfulfillingthecommitmentisnotconducivetosafeguardingtherightsandinterestsofthelistedCompany,IshouldfullydisclosethereasonsandeitherprovideanewcommitmenttothelistedCompanyandrelatedinvestorstoreplacetheoriginalone,orproposeanexemptionfromfulfillingthecommitment.9.ThecommitmentisvalidfromthedatewhenthecommitletterissignedtothetimewhenIceasetobetheactualcontrollerofthelistedCompany. | |||||
| WangZhendong,OffcnPartnership | LetterofCommitmentonavoidinghorizontalcompetition | 1.Asofthedateofsigningthisletterofcommitments,I,mycloserelatives,relatedparties,suchascompanies,enterprisesorothereconomicorganizationscontrolledbymyselfandmycloserelatives,OffcnPartnershipandrelatedparties,suchasotherenterprisesoreconomicorganizationscontrolledbyOffcnPartnership,participateinnobusinesseswhicharethesame,similaroorrelatedtobusinessescompetingwiththelistedCompany,OffcnLtd.andtheiraffiliatedcompaniesandschools.ExceptforservingasadirectoratBeijingHaidianDistrictKairuierTrainingSchool,affiliatedtoOffcnOnline(OffcnOnlinetendstotransfertherightsofKairuierTrainingSchooltoanunrelatedthirdpartyandafterthistransfer,WangZhendongwillnotholdthepostasadirector.),Ineitherholdsanyfull-timeorpart-timepositionsnorprovidesconsultancyatanycompaniesorenterpriseswhichconductscompetitivebusinesseswiththelistedCompany,OffcnLtd.andtheiraffiliates.serveasaconsultantorapart-timeemployeeinothercompaniesorenterprisesthat | April27,2018 | Long-term | Undernormalimplementation |
| opportunitiesfromanythirdparty,whichcanormaycompetewiththelistedCompanyanditsaffiliatesinthefuture,I/OffcnPartnershipwillimmediatelynotifythelistedCompany.Afterobtainingthethirdparty’spromise,IwillattempttotransferthesebusinessopportunitiestothelistedCompanyanditsaffiliates.4.IguaranteethatIwouldneverusemyknowledgeaboutandtheinformationI’mawareofthelistedCompanyanditsaffiliatestoassistthirdpartiestoengage,participate,orinvestinbusinessesorprojectsthatcompetewiththelistedcompaniesanditsaffiliates.IfI/OffcnPartnershipshallbeliableforalllossescausedtothelistedCompanyanditsaffiliatesduetomy/OffcnPartnership’sfailureinfulfillingcommitments. | |||||
| LiYongxin,LuZhongfang | LetterofCommitmentonreducingandregulatingrelated-partytransactions | 1.Afterthetransactioniscompleted,duringthetimeofbeingtheactualcontrollerofthelistedCompany,I,mycloserelativesandothercompanies,enterprisesorothereconomicorganizationscontrolledbymyself,mycloserelativeswilltrytoavoidandreducetherelated-partytransactionswiththelistedCompanyanditsaffiliates;unlessitisnecessaryforthebusinessdevelopmentofthelistedCompany,anyrelated-partytransactionswiththelistedCompanyanditsaffiliateswillnotbeconducted.2.Afterthetransactioniscompleted,fortherelated-partytransactionswhichareunavoidableorreasonabletohappenwiththelistedCompanyanditsaffiliates,I,mycloserelativesandothercompanies,enterprisesoreconomicorganizationscontrolledbymyselfandmycloserelatives,willsignrelated-partytransactionagreementswiththelistedCompanyanditsaffiliatesinaccordancewiththerelevantlaws,regulationsandregulatorydocumentsandfollowthegeneralbusinessprinciplesofequality,willingness,equivalenceandpaid-use.Thepricesofrelated-partytransactionsshallbefair.Decision-makingprocedures,lawfulinformationdisclosureobligationsandrelevantreportingandapprovalproceduresregardingtherelated-partytransactions,shallbefollowed.ThestatusofshareholdersshallnotbeusedtodamagethelegitimaterightsandinterestsofthelistedCompanyandothershareholders.3.Afterthecompletionofthetransaction,Iwillnotusetheshareholders’rightsofthelistedCompanytomanipulateorinstructthelistedCompanyoritsdirectors,supervisorsandseniorexecutivestomakethelistedCompanyprovideoracceptfunds,commodities,servicesorotherassetsunderinequalconditionsorengageinanybehaviorsthatwoulddamagetheinterestsofthelisted | Jul.27,2018 | Long-term | Undernormalimplementation |
| companies.4.Iwillurgemycloserelativesandothercompanies,enterprisesandothereconomicorganizationscontrolledbymyselfandmycloserelativestoabidebytheaforementionedcommitments.5.IfI,mycloserelativesandothercompanies,enterprisesandothereconomicorganizationscontrolledbymyselfandmycloserelativesviolatetheabovecommitments,theprofitsobtainedbytheviolationofcommitmentsbelongtothelistedCompany,andIshallbeliableforalllossescausedtothelistedCompanyanditsaffiliates.Within30workingdayssincereceivingthewrittennoticefromthelistedCompany,compensationwillbemadeincash.6.ThecommitmentisvalidfromthedatewhenitissignedtothetimewhenIceasetobetheactualcontrollerofYaxiaAutoandthereisnootherrelatedrelationshipwithYaxiaAuto. | |||||
| WangZhendong,AerospaceIndustry,OffcnPartnership | LetterofCommitmentonreducingandregulatingrelated-partytransactions | 1.Afterthecompletionoftransaction,duringtheperiodofbeingtheactualcontroller/shareholder，I,mycloserelativesandothercompanies,enterprisesorothereconomicorganizationscontrolledbymyself,mycloserelatives，AerospaceIndustryorOffcnPartnership,willtrytoavoidandreducetherelated-partytransactionswiththelistedCompany.2.Afterthetransactioniscompleted,fortherelated-partytransactionswhichareunavoidableorreasonabletohappenwiththelistedCompanyanditsaffiliates,myself,mycloserelativesandothercompanies,enterprisesoreconomicorganizationscontrolledbymyselfandmycloserelatives,AerospaceIndustryorOffcnPartnership,willsignrelated-partytransactionagreementswiththelistedCompanyanditsaffiliatesinaccordancewiththerelevantlaws,regulationsandregulatorydocumentsandfollowthegeneralbusinessprinciplesofequality,willingness,equivalenceandpaid-use.Thepricesofrelated-partytransactionsshallbefair.Decision-makingprocedures,lawfulinformationdisclosureobligationsandrelevantreportingandapprovalproceduresregardingtherelated-partytransactions,shallbefollowed.ThestatusofshareholdersshallnotbeusedtodamagethelegitimaterightsandinterestsofthelistedCompanyandothershareholders.3.Afterthecompletionofthetransaction,I/AerospaceIndustry/OffcnPartnershipwillnotusetheshareholders’rightsofthelistedCompanytomanipulateorinstructthelistedCompanyorthedirectors,supervisorsandseniorexecutivesofthelistedCompanytomakethelisted | April27,2018 | Long-term | Undernormalimplementation |
SectionIV.Financialassetsinvestment
1.Securitiesinvestment
√Applicable□Notapplicable
Unit:RMB
| Securities | Securitiescode | Securitiesabbreviation | Originalinvestmentcost | Accountingmeasurementmodel | Originalbookvalue | Gainsandlossesfromchangesinfairvalueforthecurrentperiod | Cumulativechangesinfairvalueincludedinequity | Purchaseamountforthisperiod | SellingAmountforthisperiod | Gainsandlossduringthereportingperiod | Bookvalueattheendoftheperiod | Accountingsubjects | Sourcesoffund |
| Funds | 010439 | HuitianfuStable-profitHybridSecuritiesFundwithone-yearholdingperiod | 9,999,000.00 | fairvaluemeasurement | 10,467,953.10 | -108,989.10 | 0.00 | 0.00 | 0.00 | -108,989.10 | 10,358,964.00 | Transactionalfinancialassets | Self-ownedfunds |
| Othersecuritiesinvestmentsheldattheendoftheperiod | -- | -- | -- | ||||||||||
| Total | 9,999,000.00 | -- | 10,467,953.10 | -108,989.10 | 0.00 | 0.00 | 0.00 | -108,989.10 | 10,358,964.00 | -- | -- | ||
| DisclosureDateoftheannouncementofsecuritiesinvestmentapprovalboardofdirectors | N/A | ||||||||||||
| Disclosuredateofthe | N/A | ||||||||||||
| Companyprovideoracceptfunds,commodities,servicesorotherassetsindifferentformsunderunequalconditionsorengageinanybehaviorsthatwoulddamagetheinterestsoflistedcompanies.I/AerospaceIndustry/OffcnPartnershipshallbeliableforalllossescausedtothelistedCompanyanditsaffiliatesduetomy/AerospaceIndustry’s/OffcnPartnership’sfailuresinfulfillingcommitments. | |||
| Whetherthecommitmentsarefulfilledontime | Yes | ||
2.Derivativesinvestment
□Applicable√NotapplicableTherewasnoderivativesinvestmentduringthereportingperiod.SectionV.Progressofthefundedinvestmentproject(s)
□Applicable√Notapplicable
SectionVI.SectionVI.Predictiononthebusinessperformanceofthefirsthalfin2021
Alarmandexplanationsonthattheaccumulatednetprofitfromthebeginningoftheyeartotheendofthenextreportingperiodmaybealossorhaveasignificantchangecomparedwiththesameperiodoflastyear.
□Applicable√Notapplicable
SectionVII.Significantcontractsofdailyoperations
□Applicable√Notapplicable
SectionVIII.Entrustedfinancialmanagement
√Applicable□Notapplicable
Unit:RMB10,000
announcementofthesecuritiesinvestmentapprovalboardofshareholders(ifany)
Type
| Type | Sourceofentrustedfinancing | Amountofentrustedfinancing | Unexpiredbalance | Amountnotrecoveredaftertheduedate |
| Bankfinancialproducts | Self-ownedfund | 126,155.00 | 20,970.00 | 0.00 |
| Trustfinancialproducts | Self-ownedfund | 27,000.00 | 27,000.00 | 0.00 |
| Others | Self-ownedfund | 999.90 | 999.90 | 0.00 |
| Total | 154,154.90 | 48,969.90 | 0.00 | |
Particularsofhigh-riskentrustedfinancialmanagementwithalargesingleamount,lowsecurity,poorliquidityornocapitalprotection
□Applicable√NotapplicableEntrustedfinancingisoverdueandtheprincipalcannotberecoveredorthereareothercasesthatmaycauseimpairments.
□Applicable√Notapplicable
SectionIX.Externalguaranteeviolatingregulations
□Applicable√NotapplicableTherewasnoexternalguaranteeviolatingregulationsduringthereportingperiodoftheCompany.
SectionX.CapitalofthelistedCompanyusedfornon-operationalpurposesbythecontrollingshareholdersortheirrelatedparties
□Applicable√NotapplicableTherewasnooccupationoftheCompany’scapitalbythecontrollingshareholdersortheirrelatedpartiesfornon-operatingpurposesduringthereportingperiodoftheCompany.SectionXI.Registrationform(s)ofactivitiesincludingreceptionofresearch,communicationorinterviewsduringthereportingperiod
□Applicable√NotapplicableTherewasnoreceptionofresearch,communicationorinterviewsduringthereportingperiodoftheCompany.
ChapterIVFinancialStatements
SectionI.Financialstatements
1.Consolidatedbalancesheet
Company:OffcnEducationTechnologyCo.,Ltd.
March31,2021
Unit:RMB
| Item | March31,2021 | December31,2020 |
| Currentassets: | ||
| Monetaryfunds | 3,127,976,812.41 | 5,950,395,089.12 |
| Settlementreserve | ||
| Lendings | ||
| Transactionalfinancialassets | 340,458,014.46 | 983,205,858.25 |
| Derivativefinancialassets | ||
| Notesreceivable | ||
| Accountsreceivable | 26,029,435.13 | 21,493,637.66 |
| Receivablesfinancing | ||
| Prepayments | 2,984,481.00 | 2,204,120.00 |
| Premiumreceivable | ||
| Accountsreceivablereinsurance | ||
| Reserveforreinsurancereceivablecontracts | ||
| Otherreceivables | 562,009,727.82 | 304,318,966.20 |
| Inc:Interestreceivables | ||
| Dividendsreceivables | ||
| Buyingbackthesaleoffinancialassets | ||
| Inventories | ||
| Contractassets | ||
| Assetsheld-for-sale | ||
| Non-currentassetsduewithinoneyear | 2,004,339,413.11 | 1,985,873,462.75 |
| Othercurrentassets | 837,225,325.51 | 175,179,650.61 |
| Totalcurrentassets | 6,901,023,209.44 | 9,422,670,784.59 |
| Non-currentassets: | ||
| Loansandadvances | ||
| Debtinvestments | ||
| Otherdebtinvestments | ||
| Long-termreceivables | ||
| Long-termequityinvestments | ||
| Otherequityinvestment | 152,800,000.00 | 152,800,000.00 |
| Othernon-currentfinancialassets | 208,450,315.01 | 208,450,315.01 |
| Investmentproperties | 664,213,321.52 | 668,014,515.82 |
| Fixedassets | 1,614,085,375.35 | 1,612,792,592.67 |
| Constructioninprogress | 217,725,379.72 | 214,248,125.04 |
| Bearerbiologicalassets | ||
| Oilandgasassets | ||
| Right-of-useassets | 1,449,126,148.68 | |
| Intangibleassets | 416,934,093.04 | 426,352,455.75 |
| Developmentexpenditure | ||
| Goodwill | 99,867,720.38 | 99,867,720.38 |
| Long-termprepaidexpenses | 421,579,394.69 | 440,955,377.93 |
| Deferredtaxassets | 21,662,085.86 | 21,606,436.77 |
| Othernon-currentassets | 3,827,994,523.92 | 1,151,091,703.31 |
| TotalNon-currentAssets | 9,094,438,358.17 | 4,996,179,242.68 |
| TotalAssets | 15,995,461,567.61 | 14,418,850,027.27 |
| Currentliabilities: | ||
| Short-termborrowings | 4,561,785,731.98 | 3,976,019,329.22 |
| Borrowingsfromcentralbank | ||
| Borrowingsfrombanksandotherfinancialinstitutions | ||
| Transactionalfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | ||
| Accountspayable | 169,175,218.20 | 211,824,402.86 |
| Depositreceived | ||
| Contractliabilities | 5,071,125,095.49 | 4,925,428,309.33 |
| Financialassetssoldforrepurchase | ||
| Absorbingdepositsandinterbankdeposits | ||
| Actingtradingsecurities | ||
| Actingunderwritingsecurities | ||
| Payrollpayable | 360,434,166.16 | 637,448,433.99 |
| Taxespayable | 76,878,568.77 | 131,111,770.78 |
| Otherpayables | 11,883,165.93 | 9,479,383.03 |
| Inc:Interestpayables | ||
| Dividendspayables | ||
| Feesandcommissionspayable | ||
| Reinsuranceaccountspayable | ||
| Liabilitiesheld-for-sale | ||
| Non-currentliabilitiesduewithinoneyear | 479,787,466.27 | |
| Othercurrentliabilities | 152,133,752.86 | 147,765,156.66 |
| TotalCurrentLiabilities | 10,883,203,165.66 | 10,039,076,785.87 |
| Non-currentLiabilities: | ||
| Insurancecontractreserve | ||
| Long-termborrowings | ||
| Bondspayable | ||
| Inc:preferredshare | ||
| Perpetualbond | ||
| Leaseliabilities | 592,382,877.48 | |
| Long-termpayables | ||
| Long-termemployeebenefitspayable | ||
| Estimatedliabilities | ||
| Deferredincome | ||
| Deferredtaxliabilities | 104,050,004.19 | 104,677,444.59 |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 696,432,881.67 | 104,677,444.59 |
| Totalliabilities | 11,579,636,047.33 | 10,143,754,230.46 |
| Owners'equity: |
| Sharecapital | 103,807,623.00 | 103,807,623.00 |
| OtherequityinstrumentPerpetualbond | ||
| Inc:preferredshare | ||
| Perpetualbond | ||
| Capitalreserve | 1,225,481,049.50 | 1,225,481,049.50 |
| Less:Treasurystock | ||
| Othercomprehensiveincome | 30,000,000.00 | 30,000,000.00 |
| Specialreserve | ||
| Surplusreserves | 45,000,000.00 | 45,000,000.00 |
| Generalriskpreparation | ||
| Undistributedprofits | 3,011,568,760.54 | 2,870,839,120.70 |
| Totalowners'equityattributabletoparentcompany | 4,415,857,433.04 | 4,275,127,793.20 |
| Minorityshareholders'equity | -31,912.76 | -31,996.39 |
| Totalowners’equity | 4,415,825,520.28 | 4,275,095,796.81 |
| Totalliabilitiesandowners’equity | 15,995,461,567.61 | 14,418,850,027.27 |
Legalrepresentative:WangZhendongPersoninchargeofaccountingwork:ShiLeiHeadoftheaccountingdepartment:LuoXue
2.Parentcompanybalancesheet
Unit:RMB
| Item | March31,2021 | December31,2020 |
| CurrentAssets: | ||
| Monetaryfunds | 107,525,773.93 | 56,138,356.37 |
| Transactionalfinancialassets | 1,630,453.37 | 1,630,453.37 |
| Derivativefinancialassets | ||
| Notesreceivable | ||
| Accountsreceivable | 18,421,510.11 | 14,792,320.38 |
| Receivablesfinancing | ||
| Prepayments | ||
| Otherreceivables | 3,118,793,467.42 | 621,900,443.29 |
| Inc:interestreceivables | ||
| Dividendsreceivables | ||
| Inventories |
| Contractassets | ||
| Assetsheld-for-sale | ||
| Non-currentassetsduewithinoneyear | ||
| Othercurrentassets | ||
| Totalcurrentassets | 3,246,371,204.83 | 694,461,573.41 |
| Non-currentassets: | ||
| Debtinvestments | ||
| Otherdebtinvestments | ||
| Long-termreceivables | ||
| Long-termequityinvestments | 18,582,307,907.14 | 18,582,307,907.14 |
| Otherequityinstrument | 152,800,000.00 | 152,800,000.00 |
| Othernon-currentfinancialassets | ||
| Investmentproperty | 500,091,324.79 | 502,925,481.92 |
| Fixedassets | 381,240,464.99 | 383,060,000.00 |
| Constructioninprogress | 72,569,103.57 | 72,569,103.57 |
| Productivebiologicalassets | ||
| Oilandgasassets | ||
| Right-of-useassets | ||
| Intangibleassets | ||
| Developmentexpenditure | ||
| Goodwill | ||
| Long-termprepaidexpenses | ||
| Deferredtaxassets | 20,576,903.94 | 20,529,151.44 |
| Othernon-currentassets | 501,095,111.10 | 501,095,111.10 |
| Totalnon-currentassets | 20,210,680,815.53 | 20,215,286,755.17 |
| Totalassets | 23,457,052,020.36 | 20,909,748,328.58 |
| Currentliabilities: | ||
| Short-termloan | 1,301,418,819.44 | 871,083,875.00 |
| Transactionalfinancialliabilities | ||
| DerivativeFinancialliabilities | ||
| Notespayable | ||
| Accountspayable | 83,621,752.26 | 83,621,752.26 |
| Depositreceived | ||
| Contractliabilities | ||
| Payrollpayable | ||
| Taxespayable | 1,283,585.56 | 1,437,291.71 |
| Otherpayable | 2,580,853,599.38 | 446,606,530.72 |
| Including:interestpayable | ||
| Dividendpayable | ||
| Liabilitiesheld-for-sale | ||
| Non-currentliabilitiesduewithinoneyear | ||
| Othercurrentliabilities | ||
| Totalcurrentliabilities | 3,967,177,756.64 | 1,402,749,449.69 |
| Non-currentliabilities: | ||
| Long-termloan | ||
| Bondspayable | ||
| Bondspayable_preferredstock | ||
| Bondspayable_perpetualbond | ||
| Leaseliability | ||
| Long-termpayables | ||
| Long-termsalarypayable | ||
| Estimatedliabilities | ||
| Deferredincome | ||
| Deferredtaxliability | 10,007,613.34 | 10,007,613.34 |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 10,007,613.34 | 10,007,613.34 |
| Totalliabilities | 3,977,185,369.98 | 1,412,757,063.03 |
| Owners’equity: | ||
| Sharecapital | 6,167,399,389.00 | 6,167,399,389.00 |
| Otherequityinstrument | ||
| Otherequityinstruments_preferredstock | ||
| Otherequityinstruments_perpetualbond | ||
| Capitalreserve | 12,897,744,700.46 | 12,897,744,700.46 |
| Less:Treasurystock |
| Othercomprehensiveincome | 30,000,000.00 | 30,000,000.00 |
| Specialreserve | ||
| Surplusreserves | 387,458,806.65 | 387,458,806.65 |
| Undistributedprofits | -2,736,245.73 | 14,388,369.44 |
| Owners’equity | 19,479,866,650.38 | 19,496,991,265.55 |
| Liabilitiesandowner'sequity | 23,457,052,020.36 | 20,909,748,328.58 |
3.Consolidatedincomestatement
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| I.Totaloperatingincome | 2,051,691,383.47 | 1,230,102,270.48 |
| Including:operatingincome | 2,051,691,383.47 | 1,230,102,270.48 |
| Interestincome | ||
| Premiumearned | ||
| Feeandcommissionincome | ||
| II.Totaloperatingcosts | 1,979,436,277.98 | 1,167,262,125.00 |
| Including:operatingcost | 824,615,510.04 | 520,863,204.58 |
| Interestexpense | ||
| Feeandcommissionexpenses | ||
| Surrendermoney | ||
| Netreimbursementexpenditure | ||
| Withdrawalofnetinsuranceliabilitycontractreserves | ||
| Policyholderdividendexpenses | ||
| Reinsuranceexpenses | ||
| Taxesandsurcharges | 3,125,104.09 | 3,265,783.95 |
| Salesexpenses | 435,647,726.75 | 273,147,797.16 |
| Managementexpenses | 340,240,393.35 | 209,704,141.65 |
| R&Dexpenses | 267,150,553.55 | 105,248,410.14 |
| Financialexpenses | 108,656,990.19 | 55,032,787.52 |
| Including:interestexpenses | 52,090,565.27 | 38,457,427.92 |
| Interestincome | 6,768,970.11 | 968,101.22 |
| Add:otherincome | 60,454,036.43 | 36,688,536.72 |
| Investmentincome(Lossislistedwith“-”) | 32,350,483.88 | 49,118,685.21 |
| Including:investmentincomefromassociatesandjointventures | ||
| Derecognitionincomeoffinancialassetsmeasuredatamortizedcost | ||
| Exchangeearnings(Lossislistedwith“-”) | ||
| Netexposurehedgeincome(Lossislistedwith“-”) | ||
| Fairvaluechangeincome(Lossislistedwith“-”) | 12,156.21 | |
| Expectedcreditloss(Lossislistedwith“-”) | -239,123.84 | |
| Assetimpairmentloss(Lossislistedwith“-”) | ||
| Assetdisposalincome(Lossislistedwith“-”) | 56,256.12 | 12,208.74 |
| III.Opertingprofit(Lossislistedwith“-”) | 164,888,914.29 | 148,659,576.15 |
| Add:non-operatingincome | 100.00 | |
| Less:non-operatingexpenses | 69,002.90 | 75,001.22 |
| IV.Totalprofit(Thetotallossislistedwith"-") | 164,819,911.39 | 148,584,674.93 |
| Less:incometaxexpenses | 24,090,187.92 | 32,283,423.70 |
| V.Netprofit(Netlossislistedwith“-”) | 140,729,723.47 | 116,301,251.23 |
| i.Classifiedbybusinesscontinuity | ||
| 1.Netprofitfromcontinuingoperations(Netlossislistedwith“-”) | 140,729,723.47 | 116,301,251.23 |
| 2.Netprofitfromdiscontinuedoperations(Netlossislistedwith"-") | ||
| ii.Classificationbyownership | ||
| 1.Netprofitattributabletotheowneroftheparentcompany | 140,729,639.84 | 116,303,799.91 |
| 2.Minorityshareholders'gainsandlosses | 83.63 | -2,548.68 |
| VI.Netothercomprehensiveincome | ||
| Netothercomprehensiveincomeattributabletotheparentcompanyowner | ||
| i.Othercomprehensiveincomethatcannotbereclassifiedintoprofitorloss | ||
| 1,Changesfromtheremeasurementofthedefinedbenefitplan | ||
| 2.Othercomprehensiveincomethatcannotbetransferredtoprofitorlossundertheequitymethod | ||
| 3.Changesinfairvalueofotherequityinstruments | ||
| 4.Changesinfairvalueofthecompany'sowncreditrisk |
| 5.Other | ||
| ii.Othercomprehensiveincomethatwillbereclassifiedintoprofitorloss | ||
| 1.Othercomprehensiveincomeofconvertibleprofitandlossundertheequitymethod | ||
| 2.Changesinfairvalueofotherdebtinvestments | ||
| 3.Financialassetsreclassifiedintoothercomprehensiveincome | ||
| 4.Creditimpairmentprovisionsofotherdebtinvestment | ||
| 5.Cashflowhedgereserve | ||
| 6.Foreigncurrencyfinancialstatementtranslationdifference | ||
| 7.Other | ||
| Netothercomprehensiveincomeattributabletominorityshareholders | ||
| VII.Totalcomprehensiveincome | 140,729,723.47 | 116,301,251.23 |
| Totalcomprehensiveincomeattributabletoownersoftheparent | 140,729,639.84 | 116,303,799.91 |
| Totalcomprehensiveincomeattributabletominorityshareholders | 83.63 | -2,548.68 |
| VIII.Earningspershare: | ||
| i.Basicearningspershare | 0.02 | 0.02 |
| ii.Dilutedearningspershare | 0.02 | 0.02 |
Ifabusinesscombinationunderthesamecontroloccursinthisperiod,thenetprofitrealizedbythecombinedpartybeforethecombinationisRMB0.00andinthepreviousperiodisRMB0.00.Legalrepresentative:WangZhendongPersoninchargeofaccounting:ShiLeiHeadoftheaccountingdepartment:LuoXue
4.Parentcompanyincomestatement
Unit:RMB
| Item | Amountforcurrentperiod | Amountforthepreviousperiod |
| I.Operatingincome | 3,638,285.44 | 3,783,950.22 |
| Less:operatingcost | 2,834,157.13 | 2,833,966.08 |
| Taxesandsurcharges | 1,163,820.00 | 1,064,546.25 |
| Salesexpenses |
| Managementexpenses | 6,789,652.53 | 2,207,928.42 |
| R&Dexpenses | ||
| Financialexpenses | 9,920,248.02 | 3,145,323.81 |
| Including:interestexpenses | 9,965,044.45 | 3,167,404.17 |
| Interestincome | 52,636.93 | 29,503.78 |
| Add:otherincome | 88,234.55 | |
| Investmentincome(Lossislistedwith“-”) | ||
| Including:investmentincomefromassociatesandjointventures | ||
| Derecognitionincomeoffinancialassetsmeasuredatamortizedcost | ||
| Netexposurehedgeincome(Lossislistedwith“-”) | ||
| Fairvaluechangeincome(Lossislistedwith“-”) | ||
| Expectedcreditloss(Lossislistedwith“-”) | -191,009.98 | |
| Assetimpairmentloss(Lossislistedwith“-”) | ||
| Assetdisposalincome(Lossislistedwith“-”) | ||
| II.Opertingprofit(Lossislistedwith“-”) | -17,172,367.67 | -5,467,814.34 |
| Add:non-operatingincome | ||
| Less:non-operatingexpenses | ||
| III.Totalprofit(Thetotallossislistedwith"-") | -17,172,367.67 | -5,467,814.34 |
| Less:incometaxexpenses | -47,752.50 | |
| IV.Netprofit(Netlossislistedwith"-") | -17,124,615.17 | -5,467,814.34 |
| i.Netprofitfromcontinuingoperations(Netlossislistedwith"-") | -17,124,615.17 | -5,467,814.34 |
| ii.Netprofitfromdiscontinuedoperations(Netlossislistedwith"-") | ||
| V.Netothercomprehensiveincome | ||
| i.Othercomprehensiveincomethatcannotbereclassifiedintoprofitorloss | ||
| 1.Changesfromtheremeasurementofthedefinedbenefitplan | ||
| 2.Othercomprehensiveincomethatcannotbetransferredtoprofitorlossundertheequitymethod | ||
| 3.Changesinfairvalueofotherequityinstruments | ||
| 4.Changesinfairvalueofthecompany'sowncreditrisk | ||
| 5.Other | ||
| ii.Othercomprehensiveincomethatwillbereclassifiedintoprofitorloss |
| 1.Othercomprehensiveincomeofconvertibleprofitandlossundertheequitymethod | ||
| 2.Changesinfairvalueofotherdebtinvestments | ||
| 3.Financialassetsreclassifiedintoothercomprehensiveincome | ||
| 4.Creditimpairmentprovisionsofotherdebtinvestment | ||
| 5.Cashflowhedgereserve | ||
| 6.Foreigncurrencyfinancialstatementtranslationdifference | ||
| 7.Other | ||
| VI.Totalcomprehensiveincome | -17,124,615.17 | -5,467,814.34 |
| VII.Earningspershare: | ||
| ⅰBasicearningspershare | ||
| ⅱDilutedearningspershare |
5.Consolidatedcashflowstatement
Unit:RMB
| Items | Amountforthecurrentperiod | Amountforthepreviousperiod |
| I.Cashflowfromoperatingactivities: | ||
| Cashreceivedfromthesaleofgoodsandservices | 2,257,705,337.11 | 4,268,644,542.62 |
| Netincreaseincustomerdepositsandinterbankdeposits | ||
| Netincreaseinborrowingfromcentralbank | ||
| Netincreaseinfundsborrowedfromotherfinancialinstitutions | ||
| Cashreceivedfromtheoriginalinsurancecontractpremium | ||
| Netcashreceivedfromreinsurancebusiness | ||
| Netincreaseinpolicyholders’depositsandinvestmentfunds | ||
| Cashchargedwithinterest,handlingfeesandcommissions | ||
| Netincreaseinfundsborrowedin | ||
| Netincreaseinrepurchasefunds | ||
| Netcashreceivedfromagentbuyingandsellingofsecurities | ||
| Taxrefund | ||
| Othercashreceivedrelatedtootherbusinessactivities | 8,365,632.60 | 3,552,880.40 |
| Subtotalofcashinflowfromoperatingactivities | 2,266,070,969.71 | 4,272,197,423.02 |
| Cashpaidforthepurchaseofgoodsandservices | 389,263,578.68 | 304,236,568.73 |
| Netincreaseincustomerloansandadvances | ||
| Netincreaseindepositofcentralbankandinterbank | ||
| Cashpaidfortheoriginalinsurancecontract | ||
| Netincreaseinborrowedfunds | ||
| Cashpaidforinterest,handlingfeesandcommissions | ||
| Cashpaidforpolicydividends | ||
| Cashpaidtoandforemployees | 1,788,537,241.10 | 1,090,339,239.09 |
| Varioustaxespaid | 81,728,859.56 | 112,063,354.25 |
| Othercashpaidforbusinessactivities | 253,266,164.04 | 201,339,948.10 |
| Subtotalofcashoutflowsfrombusinessactivities | 2,512,795,843.38 | 1,707,979,110.17 |
| Netcashflowfromoperatingactivities | -246,724,873.67 | 2,564,218,312.85 |
| II.Cashflowsfrominvestingactivities: | ||
| Cashreceivedfrominvestmentrecovery | 4,234,310,000.00 | 9,555,548,985.25 |
| Cashreceivedfrominvestmentincome | 11,192,589.09 | 31,375,210.42 |
| Netcashreceivedfromdisposaloffixedassets,intangibleassetsandotherlong-termassets | 56,256.12 | 12,208.74 |
| Netcashreceivedfromdisposalofsubsidiariesandotherbusinessunits | ||
| Othercashreceivedrelatedtoinvestingactivities | ||
| Subtotalofcashinflowsfrominvestmentactivities | 4,245,558,845.21 | 9,586,936,404.41 |
| Cashpaidforthepurchaseandconstructionoffixedassets,intangibleassetsandotherlong-termassets | 2,774,248,578.57 | 812,081,033.98 |
| Cashpaidforinvestment | 4,226,550,000.00 | 13,732,288,090.00 |
| Netincreaseinpledgeloans | ||
| Netcashpaidforaquiringsubsidiariesandotherbusinessunits | ||
| Othercashpaidrelatedtoinvestingactivities | ||
| Subtotalofcashoutflowsfrominvestmentactivities | 7,000,798,578.57 | 14,544,369,123.98 |
| Netcashflowsfrominvestingactivities | -2,755,239,733.36 | -4,957,432,719.57 |
| III.Cashflowfromfinancingactivities: | ||
| Cashreceivedfrominvestmentabsorption | ||
| Including:cashreceivedfromsubsidiariesinabsorbingminorityshareholders'investment | ||
| Cashreceivedfromtheloan | 2,670,000,000.00 | 1,660,000,000.00 |
| Othercashreceivedrelatedtofundraisingactivities |
| Subtotalofcashinflowsfromfinancingactivities | 2,670,000,000.00 | 1,660,000,000.00 |
| Cashpaidfordebtrepayment | 2,090,000,000.00 | 810,000,000.00 |
| Cashpaidfordividends,profitsorinterestpayments | 46,324,162.51 | 32,099,556.25 |
| Including:dividendsandprofitspaidbysubsidiariestominorityshareholders | ||
| Othercashpaidrelatedtofinancingactivities | 354,129,507.17 | |
| Subtotalofcashoutflowsfromfinancingactivities | 2,490,453,669.68 | 842,099,556.25 |
| Netcashflowfromfinancingactivities | 179,546,330.32 | 817,900,443.75 |
| IV.Effectofthechangesoftheexchangerateoncashandtheequivalents | ||
| V.Netincreaseincashandcashequivalents | -2,822,418,276.71 | -1,575,313,962.97 |
| Add:balanceofcashandcashequivalentsatthebeginningoftheperiod | 5,950,395,089.12 | 2,724,335,001.58 |
| VI.Balanceofcashandcashequivalentsattheendoftheperiod | 3,127,976,812.41 | 1,149,021,038.61 |
6.Parentcompanycashflowstatement
Unit:RMB
| Items | Amountincurrentperiod | Amountinpreviousperiod |
| I.Cashflowfromoperatingactivities: | ||
| Cashreceivedfromthesaleofgoodsandservices | ||
| Taxrefund | ||
| Othercashreceivedrelatedtootherbusinessactivities | 3,165,431,634.24 | 416,689.56 |
| Subtotalofcashinflowfromoperatingactivities | 3,165,431,634.24 | 416,689.56 |
| Cashpaidforthepurchaseofgoodsandservices | ||
| Cashpaidtoandforemployees | ||
| Varioustaxespaid | 1,319,515.53 | 1,580,784.85 |
| Othercashpaidforbusinessactivities | 3,538,782,392.82 | 135,348,862.21 |
| Subtotalofcashoutflowsfrombusinessactivities | 3,540,101,908.35 | 136,929,647.06 |
| Netcashflowfromoperatingactivities | -374,670,274.11 | -136,512,957.50 |
| II.Cashflowsfrominvestingactivities: | ||
| Cashreceivedfrominvestmentrecovery | ||
| Cashreceivedfrominvestmentincome | ||
| Netcashreceivedfromdisposaloffixedassets,intangibleassetsandotherlong-termassets | ||
| Netcashreceivedfromdisposalofsubsidiariesandother |
| businessunits | ||
| Othercashreceivedrelatedtoinvestingactivities | ||
| Subtotalofcashinflowsfrominvestmentactivities | ||
| Cashpaidforthepurchaseandconstructionoffixedassets,intangibleassetsandotherlong-termassets | 300,000,000.00 | |
| Cashpaidforinvestment | ||
| Netcashpaidforaquiringsubsidiariesandotherbusinessunits | ||
| Othercashpaidrelatedtoinvestingactivities | ||
| Subtotalofcashoutflowsfrominvestmentactivities | 300,000,000.00 | |
| Netcashflowsfrominvestingactivities | -300,000,000.00 | |
| III.Cashflowfromfinancingactivities: | ||
| Cashreceivedfrominvestmentabsorption | ||
| Cashreceivedfromtheloan | 1,000,000,000.00 | 570,000,000.00 |
| Othercashreceivedrelatedtofundraisingactivities | ||
| Subtotalofcashinflowsfromfinancingactivities | 1,000,000,000.00 | 570,000,000.00 |
| Cashpaidfordebtrepayment | 570,000,000.00 | |
| Cashpaidfordividends,profitsorinterestpayments | 3,942,308.33 | 2,409,779.16 |
| Othercashpaidrelatedtofinancingactivities | ||
| Subtotalofcashoutflowsfromfinancingactivities | 573,942,308.33 | 2,409,779.16 |
| Netcashflowfromfinancingactivities | 426,057,691.67 | 567,590,220.84 |
| IV.Effectofthechangesoftheexchangerateoncashandtheequivalents | ||
| V.Netincreaseincashandcashequivalents | 51,387,417.56 | 131,077,263.34 |
| Add:balanceofcashandcashequivalentsatthebeginningoftheperiod | 56,138,356.37 | 6,931,803.33 |
| VI.Balanceofcashandcashequivalentsattheendoftheperiod | 107,525,773.93 | 138,009,066.67 |
SectionII.Explanationontheadjustmentstothefinancialstatements
1.Theadjustmenttothefinancialstatementsatthebeginningoftheyearfortheimplementationofthenewleasestandardin2021forthefirsttime
√Applicable□NotapplicableWhetheritemslistedintheconsolidatedbalancesheetatbeginningoftheyearneedtobeadjusted
√Yes□NoConsolidatedBalanceSheet
Unit:RMB
| Items | December31,2020 | January1,2021 | Adjustment |
| CurrentAssets: | |||
| Monetaryfunds | 5,950,395,089.12 | 5,950,395,089.12 | |
| Transactionalfinancialassets | 983,205,858.25 | 983,205,858.25 | |
| AccountsReceivable | 21,493,637.66 | 21,493,637.66 | |
| Prepayments | 2,204,120.00 | 2,204,120.00 | |
| Otherreceivables | 304,318,966.20 | 304,318,966.20 | |
| Non-currentassetsduewithinoneyear | 1,985,873,462.75 | 1,985,873,462.75 | |
| Othercurrentassets | 175,179,650.61 | 146,732,938.88 | -28,446,711.73 |
| Totalcurrentassets | 9,422,670,784.59 | 9,394,224,072.86 | -28,446,711.73 |
| Non-currentassets: | |||
| Otherequityinstruments | 152,800,000.00 | 152,800,000.00 | |
| Othernon-currentfinancialassets | 208,450,315.01 | 208,450,315.01 | |
| Investmentproperty | 668,014,515.82 | 668,014,515.82 | |
| Fixedassets | 1,612,792,592.67 | 1,612,792,592.67 | |
| Constructioninprogress | 214,248,125.04 | 214,248,125.04 | |
| Right-of-useassets | 1,491,006,998.14 | 1,491,006,998.14 | |
| Intangibleassets | 426,352,455.75 | 426,352,455.75 | |
| Goodwill | 99,867,720.38 | 99,867,720.38 | |
| Long-termprepaidexpenses | 440,955,377.93 | 310,633,750.12 | -130,321,627.81 |
| Deferredtaxassets | 21,606,436.77 | 21,606,436.77 | |
| Othernon-currentassets | 1,151,091,703.31 | 1,151,091,703.31 | |
| Totalnon-currentassets | 4,996,179,242.68 | 6,356,864,613.01 | 1,360,685,370.33 |
| Totalassets | 14,418,850,027.27 | 15,751,088,685.87 | 1,332,238,658.60 |
| Currentliabilities: | |||
| Short-termloan | 3,976,019,329.22 | 3,976,019,329.22 | |
| Accountspayable | 211,824,402.86 | 211,824,402.86 | |
| Contractliabilities | 4,925,428,309.33 | 4,925,428,309.33 |
| Payrollpayable | 637,448,433.99 | 637,448,433.99 | |
| Taxespayable | 131,111,770.78 | 131,111,770.78 | |
| Otherpayables | 9,479,383.03 | 9,479,383.03 | |
| Non-currentliabilitiesduewithinoneyear | 699,372,590.26 | 699,372,590.26 | |
| Othercurrentliabilities | 147,765,156.66 | 147,765,156.66 | |
| Totalcurrentliabilities | 10,039,076,785.87 | 10,738,449,376.13 | 699,372,590.26 |
| Non-currentliabilities: | |||
| Leaseliabilities | 632,866,068.34 | 632,866,068.34 | |
| Deferredtaxliabilities | 104,677,444.59 | 104,677,444.59 | |
| Totalnon-currentliabilities | 104,677,444.59 | 737,543,512.93 | 632,866,068.34 |
| Totalliabilities | 10,143,754,230.46 | 11,475,992,889.06 | 1,332,238,658.60 |
| Owners'equity: | |||
| Sharecapital | 103,807,623.00 | 103,807,623.00 | |
| Capitalreserve | 1,225,481,049.50 | 1,225,481,049.50 | |
| Othercomprehensiveincome | 30,000,000.00 | 30,000,000.00 | |
| Surplusreserves | 45,000,000.00 | 45,000,000.00 | |
| Undistributedprofits | 2,870,839,120.70 | 2,870,839,120.70 | |
| Totalowners'equityattributabletoparentcompany | 4,275,127,793.20 | 4,275,127,793.20 | |
| Minorityshareholderinterests | -31,996.39 | -31,996.39 | |
| Totalowners’equity | 4,275,095,796.81 | 4,275,095,796.81 | |
| Totalliabilitiesandowners’equity | 14,418,850,027.27 | 15,751,088,685.87 | 1,332,238,658.60 |
ExplanationontheadjustmentsAccordingtothe"NoticeonRevisingandIssuingthe"AccountingStandardsforBusinessEnterprisesNo.21-Leases"issuedbytheMinistryofFinanceinDecember2018(F&A[2018]No.35),theCompanywilldiscloseaccountingstatementsaccordingtotherequirementsofthenewleasestandardsfromJanuary1,2021Balancesheetoftheparentcompany
Unit:RMB
| Items | December.31,2020 | January1,2021 | Adjustment |
| CurrentAssets: | |||
| Monetaryfunds | 56,138,356.37 | 56,138,356.37 |
| Transactionalfinancialassets | 1,630,453.37 | 1,630,453.37 |
| Accountsreceivable | 14,792,320.38 | 14,792,320.38 |
| Otherreceivables | 621,900,443.29 | 621,900,443.29 |
| Totalcurrentassets | 694,461,573.41 | 694,461,573.41 |
| Non-currentassets: | ||
| Long-termequityinvestments | 18,582,307,907.14 | 18,582,307,907.14 |
| Otherequityinvestment | 152,800,000.00 | 152,800,000.00 |
| Investmentproperty | 502,925,481.92 | 502,925,481.92 |
| Fixedassets | 383,060,000.00 | 383,060,000.00 |
| Constructioninprogress | 72,569,103.57 | 72,569,103.57 |
| Deferredtaxassets | 20,529,151.44 | 20,529,151.44 |
| Othernon-currentassets | 501,095,111.10 | 501,095,111.10 |
| Totalnon-currentassets | 20,215,286,755.17 | 20,215,286,755.17 |
| Totalassets | 20,909,748,328.58 | 20,909,748,328.58 |
| Currentliabilities: | ||
| Short-termloan | 871,083,875.00 | 871,083,875.00 |
| Accountspayable | 83,621,752.26 | 83,621,752.26 |
| Taxespayable | 1,437,291.71 | 1,437,291.71 |
| Otherpayables | 446,606,530.72 | 446,606,530.72 |
| Totalcurrentliabilities | 1,402,749,449.69 | 1,402,749,449.69 |
| Non-currentliabilities: | ||
| Deferredtaxliabilities | 10,007,613.34 | 10,007,613.34 |
| Totalnon-currentliabilities | 10,007,613.34 | 10,007,613.34 |
| Totalliabilities | 1,412,757,063.03 | 1,412,757,063.03 |
| Owners’equity: | ||
| Sharecapital | 6,167,399,389.00 | 6,167,399,389.00 |
| Capitalreserve | 12,897,744,700.46 | 12,897,744,700.46 |
| Othercomprehensiveincome | 30,000,000.00 | 30,000,000.00 |
| Surplusreserves | 387,458,806.65 | 387,458,806.65 |
| Undistributedprofits | 14,388,369.44 | 14,388,369.44 |
| Totalowners’equity | 19,496,991,265.55 | 19,496,991,265.55 |
| Totalliabilitiesandowners’equity | 20,909,748,328.58 | 20,909,748,328.58 |
DescriptionsofadjustmentsNone
2.Descriptionofretroactiveadjustmentofcomparativedataintheearlystagebythenewleasestandardinitiallyimplementedsince2021
□Applicable√NotApplicable
SectionIII.Auditor’sreport
WhetherthisFirstQuarter2021Reporthasbeenaudited
□Yes√NoTheCompany’sFirstQuarter2021Reporthasnotbeenaudited.