SHENZHENPROPERTIES&RESOURCES
DEVELOPMENT(GROUP)LTD.THIRDQUARTERREPORT2019
(AnnouncementNo.2019-40)
October2019
PartIImportantNotesTheBoardofDirectors(orthe“Board”),theSupervisoryCommitteeaswellasthedirectors,supervisorsandseniormanagementofShenZhenProperties&ResourcesDevelopment(Group)Ltd.(togetherwithitsconsolidatedsubsidiaries,the“Company”,exceptwherethecontextotherwiserequires)herebyguaranteethefactuality,accuracyandcompletenessofthecontentsofthisReportanditssummary,andshallbejointlyandseverallyliableforanymisrepresentations,misleadingstatementsormaterialomissionstherein.AlltheCompany’sdirectorshaveattendedtheBoardmeetingforthereviewofthisReportanditssummary.LiuShengxiang,theCompany’slegalrepresentative,CaiLili,theCompany’sheadoffinancialaffairs,andLiuQiang,headoftheCompany’sfinancialdepartment(equivalenttofinancialmanager)herebyguaranteethatthefinancialstatementscarriedinthisReportarefactual,accurateandcomplete.ThisReportanditssummaryhavebeenpreparedinbothChineseandEnglish.Shouldtherebeanydiscrepanciesormisunderstandingsbetweenthetwoversions,theChineseversionsshallprevail.
PartIIKeyCorporateInformation
IKeyConsolidatedFinancialInformation
Indicatebytickmarkwhetherthereisanyretrospectivelyrestateddatuminthetablebelow.
□Yes√No
30September2019 | 31December2018 | Change(%) | ||||
Totalassets(RMB) | 10,483,774,596.84 | 5,820,202,137.54 | 80.13% | |||
Equityattributabletothelistedcompany’sshareholders(RMB) | 3,261,058,125.05 | 3,337,949,324.64 | -2.30% | |||
Q32019 | YoYchange(%) | Q1-Q32019 | YoYchange(%) | |||
Operatingrevenue(RMB) | 246,562,586.92 | -34.07% | 1,001,952,666.88 | -16.43% | ||
Netprofitattributabletothelistedcompany’sshareholders(RMB) | -689,810.21 | -101.13% | 103,059,587.95 | -28.52% | ||
Netprofitattributabletothelistedcompany’sshareholdersbeforeexceptionalitems(RMB) | -1,104,487.82 | -101.78% | 102,581,697.47 | -28.73% | ||
Netcashgeneratedfrom/usedinoperatingactivities(RMB) | -- | -- | 534,270,254.31 | 968.95% | ||
Basicearningspershare(RMB/share) | -0.0012 | -101.17% | 0.1729 | -28.52% | ||
Dilutedearningspershare(RMB/share) | -0.0012 | -101.17% | 0.1729 | -28.52% | ||
Weightedaveragereturnonequity(%) | -0.02% | -2.11% | 3.13% | -1.79% |
Exceptionalgainsandlosses:
√Applicable□Notapplicable
Unit:RMB
Item | Q1-Q32019 | Note |
Gainorlossondisposalofnon-currentassets(inclusiveofimpairmentallowancewrite-offs) | -13,030.68 | Scrappingdisposalofmiscellaneousassets |
Non-operatingincomeandexpenseotherthanabove | 650,217.99 | Sporadicpenaltyandliquidateddamagesincome |
Less:Incometaxeffects | 159,296.83 | |
Total | 477,890.48 | -- |
ExplanationofwhytheCompanyreclassifiesasrecurrentanexceptionalgain/lossitemdefinedorlistedintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic—ExceptionalGain/Loss
Items:
□Applicable√NotapplicableNosuchcasesfortheReportingPeriod.
IITotalNumberofShareholdersandHoldingsofTop10Shareholdersat30September2019
1.NumbersofOrdinaryShareholdersandPreferredShareholderswithResumedVotingRightsaswellasHoldingsofTop10Shareholders
Unit:share
Numberofordinaryshareholdersattheperiod-end | 41,305 | Numberofpreferredshareholderswithresumedvotingrightsattheperiod-end(ifany) | 0 | |||||
Top10shareholders | ||||||||
Nameofshareholder | Natureofshareholder | Shareholdingpercentage | Totalsharesheld | Restrictedsharesheld | Sharesinpledgeorfrozen | |||
Status | Shares | |||||||
ShenzhenInvestmentHoldingsCorporation | State-ownedlegalperson | 63.82% | 380,378,897 | |||||
ShenzhenDuty-FreeCommodityEnterprisesCo.,Ltd. | Domesticnon-state-ownedlegalperson | 0.29% | 1,730,300 | 1,730,300 | ||||
YangYaochu | Domesticnaturalperson | 0.24% | 1,425,020 | |||||
MaiFurong | Domesticnaturalperson | 0.20% | 1,181,500 | |||||
LiJing | Domesticnaturalperson | 0.20% | 1,176,740 | |||||
SuZhifen | Domesticnaturalperson | 0.19% | 1,150,000 | |||||
WuhanXingkaiyuanElectricPowerEngineeringCo.,Ltd | Domesticnon-state-ownedlegalperson | 0.18% | 1,050,000 | |||||
ChenYutang | Domesticnatural | 0.15% | 865,400 |
person | ||||||
ShantouPropertyHexinCo.,Ltd. | Domesticnon-state-ownedlegalperson | 0.14% | 850,000 | |||
ZhangShaoming | Domesticnaturalperson | 0.14% | 811,000 | |||
Top10unrestrictedshareholders | ||||||
Nameofshareholder | Unrestrictedsharesheld | Sharesbytype | ||||
Type | Shares | |||||
ShenzhenInvestmentHoldingsCorporation | 380,378,897 | RMB-denominatedordinarystock | 380,378,897 | |||
YangYaochu | 1,425,020 | Domesticallylistedforeignstock | 1,425,020 | |||
MaiFurong | 1,181,500 | Domesticallylistedforeignstock | 1,181,500 | |||
LiJing | 1,176,740 | Domesticallylistedforeignstock | 1,176,740 | |||
SuZhifen | 1,150,000 | RMB-denominatedordinarystock | 1,150,000 | |||
WuhanXingkaiyuanElectricPowerEngineeringCo.,Ltd | 1,050,000 | RMB-denominatedordinarystock | 1,050,000 | |||
ChenYutang | 865,400 | RMB-denominatedordinarystock | 865,400 | |||
ShantouPropertyHexinCo.,Ltd. | 850,000 | RMB-denominatedordinarystock | 850,000 | |||
ZhangShaoming | 811,000 | RMB-denominatedordinarystock | 811,000 | |||
LiBaorong | 800,000 | RMB-denominatedordinarystock | 800,000 | |||
WangHui | 800,000 | Domesticallylistedforeignstock | 800,000 | |||
Relatedoracting-in-concertpartiesamongtheshareholdersabove | Thefirstlargestshareholder,ShenzhenInvestmentHoldingCorporation,istheactualcontrollingshareholderoftheCompany.AndtheCompanydoesnotknowwhethertherearerelatedpartiesoracting-in-concertpartiesamongtheother9shareholders. | |||||
Top10ordinaryshareholdersinvolved | N/A |
Indicatebytickmarkwhetheranyofthetop10ordinaryshareholdersorthetop10unrestrictedordinaryshareholdersoftheCompanyconductedanypromissoryrepoduringtheReportingPeriod.
□Yes√NoNosuchcasesintheReportingPeriod.
2.NumberofPreferredShareholdersandShareholdingsofTop10ofThem
□Applicable√Notapplicable
PartIIISignificantEvents
IChangesinKeyConsolidatedFinancialStatementLineItemsandExplanationofwhy
√Applicable□Notapplicable
1.NetaccountsreceivablestoodatRMB105,664,491.50asat30September2019,rising64.51%comparedto31December2018,primarilydrivenbytheincreaseinpropertymanagementfeesreceivable.
2.NetotherreceivablesstoodatRMB1,411,300,201.44asat30September2019,rising5677.29%comparedto31December2018,primarilydrivenbythecombinationscopeincreaseofShenzhenRongyaoRealEstateDevelopmentCo.,Ltd.
3.InventoriesstoodatRMB4,091,290,659.03asat30September2019,rising246.20%comparedto31December2018,primarilydrivenbythecombinationscopeincreaseofShenzhenRongyaoRealEstateDevelopmentCo.,Ltd.
4.OthercurrentassetsstoodatRMB60,518,612.48asat30September2019,rising262.51%comparedto31December2018,primarilydrivenbytheincreaseinprepaidVATforpropertyprojects.
5.NetfixedassetsstoodatRMB49,959,816.20asat30September2019,rising53.19%comparedto31December2018,primarilydrivenbypurchaseofofficebuildingbythesubsidiary.
6.Othernon-currentassetsstoodatRMB29,220,732.54asat30September2019,declining73.19%comparedto31December2018,primarilydrivenbytheoffsetofpaymentsforM&AofsharesinShenzhenRongyaoRealEstateDevelopmentCo.,Ltd.byadvancestockpaymentofRMB0.1billion.
7.AccountspayablestoodatRMB270,740,042.51asat30September2019,declining32.05%comparedto31December2018,primarilydrivenbypaymentforprojects.
8.OtherpayablesstoodatRMB575,189,783.56asat30September2019,rising411.27%comparedto31December2018,primarilydrivenbypaymentofRMB406millionforstocktransfernewlyadded.
9.Long-termborrowingsstoodatRMB2,194,000,000.00asat30September2019,rising219300.00%comparedto31December2018,primarilydrivenbythecombinationscopeincreaseofShenzhenRongyaoRealEstateDevelopmentCo.,Ltd.
10.OthercomprehensiveincomestoodatRMB-2,943,241.63asat30September2019,rising64.78%comparedto31December2018,primarilydrivenbythedecreaseinthedifferencesarisingfromtranslationofforeigncurrency-denominatedfinancialstatementscausedbychangesinforeignexchangerates.
11.TaxesandsurtaxesstoodatRMB134,703,867.42duringQ1~Q32019,rising114.01%comparedtoQ1~Q32018,primarilydrivenbythatmainpropertyprojectscarriedoverintheReportingPeriodappliedtohigherlandVATrates.
12.SellingexpensestoodatRMB43,482,379.03duringQ1~Q32019,rising193.64%comparedtoQ1~Q32018,primarilydrivenbyincreaseofchargesforsalesagencyandservices.
13.AdministrativeexpensestoodatRMB85,821,358.91duringQ1~Q32019,rising26.70%comparedtoQ1~Q32018,primarilydrivenbyincreaseinremunerationforemployeesandinofficeexpenditure.
14.FinancecostsstoodatRMB99,933.139.03duringQ1~Q32019,rising-359.86%comparedtoQ1~Q32018ofRMB-38,456,220.90,primarilydrivenbyincreaseininterestpayment.
15.Assetimpairmentloss(“-“forlosses)stoodatRMB-2,656.062.96duringQ1~Q32019,declining155.37%
comparedtoQ1~Q32018ofRMB4,797,271.69,primarilydrivenbywithdrawalofbaddebtprovisionandchangesofinventoryfallingpricereserves.
16.InvestmentincomestoodatRMB2,207,762.84duringQ1~Q32019,rising57.92%comparedtoQ1~Q32018,primarilydrivenbychangescausedbyrevenuesrealizedbyjointventuresoftheCompany.
17.Non-operatingexpensestoodatRMB1,806,397.12duringQ1~Q32019,declining36.66%comparedtoQ1~Q32018,primarilydrivenbydecreaseinpaymentforcleaningtenantsassurrendercompensation.
18.IncometaxexpensestoodatRMB60,811,172.26duringQ1~Q32019,rising35.32%comparedtoQ1~Q32018,primarilydrivenbyincreaseinprofitsrealizedbycompaniesexceptforShenzhenRongyaoRealEstateDevelopmentCo.,Ltd.
19.Netprofit(attributabletotheCompanyastheparent)stoodatRMB103,059,587.95duringQ1~Q32019,declining28.52%comparedtoQ1~Q32018,primarilydrivenbyincreaseininterestexpenseoffinancecosts.
20.Netprofitattributabletonon-controllinginterestsstoodatRMB-56,907,075.90duringQ1~Q32019andthatforQ1~Q32018wasRMB0.00,primarilydrivenbyadditionof“netprofitattributabletonon-controllinginterests”ofShenzhenRongyaoRealEstateDevelopmentCo.,Ltd.
21.Othercomprehensiveincome,netoftax,stoodatRMB-1,157,059.94duringQ1~Q32019,declining37.41%comparedtoQ1~Q32018,primarilydrivenbychangesindifferencesarisingfromtranslationofforeigncurrency-denominatedfinancialstatementscausedbychangesinforeignexchangerates.
22.Netcashgeneratedfrom/usedinoperatingactivitiesstoodat534,270,254.31duringQ1~Q32019andthenetcashgeneratedfromoperatingactivitiesrose968.95%comparedtoQ1~Q32018,primarilydrivenbyincreaseinrecoupfundsofhousingsalesaccountsduringQ1~Q32019.
23.Netcashgeneratedfrom/usedininvestingactivitiesduringQ1~Q32019stoodatRMB-37,689,200.09,declining149.48%comparedtoQ1~Q32018,primarilydrivenbyreceiptofsharetransferpaymentsfromtwomotorcompaniesduringQ12018andincreaseinpaymentforpurchaseoffixedassetsduringQ1~Q32019.
24.Netcashgeneratedfrom/usedinfinancingactivitiesduringQ1~Q32019stoodatRMB-359,218,136.65,rising
102.05%comparedtoQ1~Q32018,primarilydrivenbyincreaseininterestpaidforloansduringQ1~Q32019.IIProgress,InfluenceandSolutionsAssociatedwithSignificantEvents
√Applicable□Notapplicable
InordertorespondtothecallofShenzhenState-ownedAssetsSupervisionandAdministrationCommission,furtherpromotetheconcentrationofresourceofgoodqualitytotheadvantageenterprises,particularlythelistedcompanies,andstrengthenthedevelopmentpotentialoflistedcompanies,optimizeandsolidifytheindustrialstructureoflistedcompanies,enlargeandstrengthenthedominantindustryinlistedcompanies,theCompanyintendstotakeover100%ofequityinShenzhenHoldingPropertyManagementCo.,Ltd.(hereinafterreferredtoas“TKProperty”)heldbyShenzhenInvestmentHoldingsCo.,Ltd(hereinafterreferredtoas“SZIH”)incash.Theacquisitionwasapprovedbythe8
th
Meetingofthe9
th
BoardofDirectorson6September2019andthe2
nd
ExtraordinaryGeneralMeetingof2019on23September2019withindependentandprofessionalopinionsfromindependentdirectors.Therelevantdisclosureisasfollows:
Announcementofsignificantevent | Disclosuredate | Disclosurewebsite |
Theacquisitionof100%ofequityinShenzhenHoldingPropertyManagementCo.,Ltd.andtheconnected | 13December2018 | No.2018-39AnnouncementonSigningtheLetterofIntentforEquityTransferwithControllingShareholderson |
transaction | www.cninfo.com.cn | |
7September2019 | No.2019-28AnnouncementonResolutionoftheBoardofDirectorsonwww.cninfo.com.cn | |
7September2019 | No.2019-30AnnouncementontheAcquisitionof100%ofEquityinShenzhenHoldingPropertyManagementCo.,Ltd.andtheConnectedTransactiononwww.cninfo.com.cn | |
7September2019 | No.2019-31AnnouncementonResolutionoftheSupervisoryCommitteeonwww.cninfo.com.cn | |
21September2019 | No.2019-33AnnouncementontheAcquisitionof100%ofEquityinShenzhenHoldingPropertyManagementCo.,Ltd.andtheConnectedTransactiononwww.cninfo.com.cn | |
24September2019 | No.2019-34AnnouncementonResolutionofthe2ndExtraordinaryGeneralMeetingof2019onwww.cninfo.com.cn |
Progressofanysharerepurchases:
□Applicable√NotapplicableProgressofanyreductionoftherepurchasedsharesthroughcentralizedbidding:
□Applicable√NotapplicableIIICommitmentsthattheCompany’sActualController,Shareholders,RelatedParties,Acquirers,theCompanyItselforOtherParties,FailedtoFulfillonTimeduringtheReportingPeriod
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
IVSecuritiesInvestments
√Applicable□Notapplicable
Unit:RMB
Varietyofsecuri | Symbolofsecuri | Nameofsecurit | Initialinvestment | Accountingmeasu | Beginningcarryi | Gain/lossofchang | Accumulative | Purchasedinthe | SoldintheRepor | Gain/lossinReporting | Endingcarryi | Accountingtitle | Capitalsource |
ty | ty | y | cost | rementmodel | ngvalue | esinfairvalueintheReportingPeriod | changesinfairvaluerecordedintoequities | ReportingPeriod | tingPeriod | Period | ngvalue | ||
Domestic/overseasstock | 400016 | GintianA | 2,991,975.03 | Fairmethod | 2,991,975.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2,991,975.03 | Othernon-currentfinancialassets | Obtainedindebtrestructuring |
Domestic/overseasstock | 420016 | GintianB | 573,881.03 | Fairmethod | 629,406.08 | 0.00 | 0.00 | 0.00 | 0.00 | 1,054.64 | 630,460.72 | Othernon-currentfinancialassets | Obtainedindebtrestructuring |
Total | 3,565,856.06 | -- | 3,621,381.11 | 0.00 | 0.00 | 0.00 | 0.00 | 1,054.64 | 3,622,435.75 | -- | -- | ||
DisclosuredateofannouncementonBoard’sconsentforsecuritiesinvestment | |||||||||||||
Disclosuredateofannouncementonshareholders’meeting’sconsentforsecuritiesinvestment(ifany) |
VWealthManagementEntrustment
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
VIInvestmentsinDerivativeFinancialInstruments
□Applicable√Notapplicable
NosuchcasesintheReportingPeriod.
VIICommunicationswiththeInvestmentCommunitysuchasResearches,InquiriesandInterviewsduringtheReportingPeriod
√Applicable□Notapplicable
Date | Wayofcommunication | Typeofcommunicationparty | Indextomaininformationcommunicated |
2July2019 | Inwriting | Individual | InquiredofthedisclosureoftheinterimreportoftheCompany |
6July2019 | Inwriting | Individual | InquiredofbusinessdevelopmentoftheCompany |
8July2019 | Inwriting | Individual | Inquiredofthepropertyinformationofgoldencollarproject |
8July2019 | Inwriting | Individual | Inquiredofthesemi-annualperformanceoftheCompany |
9July2019 | Byphone | Individual | InquiredofbusinessdevelopmentoftheCompany |
9July2019 | Inwriting | Individual | Inquiredofthemarketvalueofgoldencollarproject |
11July2019 | Inwriting | Individual | Inquiredoftheinformationofgoldencollarproject |
11July2019 | Inwriting | Individual | Inquiredofthesalesofcommercialhousing |
13July2019 | Inwriting | Individual | InquiredoftheinformationofFuchangPhaseII |
15July2019 | Byphone | Individual | Inquiredoftheprogressofprojectconstructionandfinancialcondition |
17July2019 | Inwriting | Individual | Inquiredofthesalesofcommercialhousing |
19July2019 | Inwriting | Individual | InquiredofthereleaseofrestrictiononrestrictedsharesoftheCompany |
23August2019 | Inwriting | Individual | InquiredofthenumberoftheshareholdersoftheCompany |
11September2019 | Inwriting | Individual | InquiredofsituationsofshareholdersoftheCompany |
19September2019 | Inwriting | Individual | InquiredofsituationsofshareholdersoftheCompany |
VIIIIrregularitiesinProvisionofGuarantees
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
IXOccupationoftheCompany’sCapitalbytheControllingShareholderorItsRelatedPartiesforNon-OperatingPurposes
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
PartIVFinancialStatements
IFinancialStatements
1.ConsolidatedBalanceSheetPreparedbyShenZhenProperties&ResourcesDevelopment(Group)Ltd.
Unit:RMB
Item | 30September2019 | 31December2018 |
Currentassets: | ||
Monetarycapital | 3,527,406,949.17 | 3,389,234,357.72 |
Settlementreserve | ||
Interbankloansgranted | ||
Tradingfinancialassets | ||
Financialassetsatfairvaluethroughprofitorloss | ||
Derivativefinancialassets | ||
Notesreceivable | ||
Accountsreceivable | 105,664,491.50 | 64,231,267.94 |
Accountsreceivablefinancing | ||
Prepayments | 205,258,523.23 | 35,913,164.32 |
Premiumsreceivable | ||
Reinsurancereceivables | ||
Receivablereinsurancecontractreserve | ||
Otherreceivables | 1,411,300,201.44 | 24,428,411.19 |
Including:Interestreceivable | 3,459,248.91 | 8,293,317.33 |
Dividendsreceivable | ||
Financialassetspurchasedunderresaleagreements | ||
Inventories | 4,091,290,659.03 | 1,181,762,531.67 |
Contractualassets | ||
Assetsclassifiedasheldforsale | ||
Currentportionofnon-currentassets | ||
Othercurrentassets | 60,518,612.48 | 16,694,408.12 |
Totalcurrentassets | 9,401,439,436.85 | 4,712,264,140.96 |
Non-currentassets: | ||
Loansandadvancestocustomers | ||
Investmentsindebtobligations | ||
Available-for-salefinancialassets | 3,621,381.11 | |
Investmentsinotherdebtobligations | ||
Held-to-maturityinvestments | ||
Long-termreceivables | ||
Long-termequityinvestments | 42,207,046.08 | 39,999,283.24 |
Investmentsinotherequityinstruments | ||
Othernon-currentfinancialassets | 25,622,435.75 | |
Investmentproperty | 383,084,486.80 | 400,550,689.90 |
Fixedassets | 49,959,816.20 | 32,612,592.40 |
Constructioninprogress | ||
Productivelivingassets | ||
Oilandgasassets | ||
Right-of-useassets | ||
Intangibleassets | ||
R&Dexpense | ||
Goodwill | ||
Long-termprepaidexpense | 2,948,903.82 | 2,398,576.29 |
Deferredincometaxassets | 549,291,738.80 | 519,783,531.64 |
Othernon-currentassets | 29,220,732.54 | 108,971,942.00 |
Totalnon-currentassets | 1,082,335,159.99 | 1,107,937,996.58 |
Totalassets | 10,483,774,596.84 | 5,820,202,137.54 |
Currentliabilities: | ||
Short-termborrowings | ||
Borrowingsfromcentralbank | ||
Interbankloansobtained | ||
Tradingfinancialliabilities | ||
Financialliabilitiesatfairvaluethroughprofitorloss | ||
Derivativefinancialliabilities |
Notespayable | ||
Accountspayable | 270,740,042.51 | 398,429,855.96 |
Advancesfromcustomers | 2,526,136,108.18 | 265,338,215.34 |
Contractualliabilities | ||
Financialassetssoldunderrepurchaseagreements | ||
Customerdepositsandinterbankdeposits | ||
Payablesforactingtradingofsecurities | ||
Payablesforunderwritingofsecurities | ||
Payrollpayable | 80,809,357.13 | 96,069,521.54 |
Taxespayable | 1,390,206,680.67 | 1,552,720,630.59 |
Otherpayables | 575,189,783.56 | 112,502,146.69 |
Including:Interestpayable | 6,702,350.66 | 1,669.10 |
Dividendspayable | 29,642.40 | 29,642.40 |
Handlingchargesandcommissionspayable | ||
Reinsurancepayables | ||
Liabilitiesdirectlyassociatedwithassetsclassifiedasheldforsale | ||
Currentportionofnon-currentliabilities | ||
Othercurrentliabilities | ||
Totalcurrentliabilities | 4,843,081,972.05 | 2,425,060,370.12 |
Non-currentliabilities: | ||
Insurancecontractreserve | ||
Long-termborrowings | 2,194,000,000.00 | 1,000,000.00 |
Bondspayable | ||
Including:Preferredshares | ||
Perpetualbonds | ||
Leaseliabilities | ||
Long-termpayables | ||
Long-termpayrollpayable | ||
Provisions | ||
Deferredincome |
Deferredincometaxliabilities | 4,009.30 | 5,275.60 |
Othernon-currentliabilities | 53,127,953.26 | 52,937,180.81 |
Totalnon-currentliabilities | 2,247,131,962.56 | 53,942,456.41 |
Totalliabilities | 7,090,213,934.61 | 2,479,002,826.53 |
Owners’equity: | ||
Sharecapital | 595,979,092.00 | 595,979,092.00 |
Otherequityinstruments | ||
Including:Preferredshares | ||
Perpetualbonds | ||
Capitalreserves | 118,938,132.89 | 118,938,132.89 |
Less:Treasurystock | ||
Othercomprehensiveincome | -2,943,241.63 | -1,786,181.69 |
Specialreserves | ||
Surplusreserves | 299,569,569.96 | 299,569,569.96 |
Generalreserve | ||
Retainedearnings | 2,249,514,571.83 | 2,325,248,711.48 |
TotalequityattributabletoownersoftheCompanyastheparent | 3,261,058,125.05 | 3,337,949,324.64 |
Non-controllinginterests | 132,502,537.18 | 3,249,986.37 |
Totalowners’equity | 3,393,560,662.23 | 3,341,199,311.01 |
Totalliabilitiesandowners’equity | 10,483,774,596.84 | 5,820,202,137.54 |
Legalrepresentative:LiuShengxiangHeadoffinancialaffairs:CaiLiliHeadofthefinancialdepartment:LiuQiang
2.BalanceSheetoftheCompanyastheParent
Unit:RMB
Item | 30September2019 | 31December2018 |
Currentassets: | ||
Monetarycapital | 2,617,024,373.74 | 2,520,788,994.16 |
Tradingfinancialassets | 0.00 | 0.00 |
Financialassetsatfairvaluethroughprofitorloss | ||
Derivativefinancialassets | 0.00 | 0.00 |
Notesreceivable | 0.00 | 0.00 |
Accountsreceivable | 2,324,356.43 | 1,853,494.72 |
Accountsreceivablefinancing | ||
Prepayments | 672,540.09 | 829,683.68 |
Otherreceivables | 524,852,672.71 | 1,306,715,826.93 |
Including:Interestreceivable | 7,125,915.58 | 8,229,503.58 |
Dividendsreceivable | 0.00 | 0.00 |
Inventories | 609,336,624.23 | 105,840,115.24 |
Contractualassets | ||
Assetsclassifiedasheldforsale | ||
Currentportionofnon-currentassets | 0.00 | 0.00 |
Othercurrentassets | 0.00 | 0.00 |
Totalcurrentassets | 3,754,210,567.20 | 3,936,028,114.73 |
Non-currentassets: | ||
Investmentsindebtobligations | ||
Available-for-salefinancialassets | 0.00 | 3,851,881.11 |
Investmentsinotherdebtobligations | ||
Held-to-maturityinvestments | 0.00 | 0.00 |
Long-termreceivables | 0.00 | 0.00 |
Long-termequityinvestments | 749,709,719.01 | 239,501,956.17 |
Investmentsinotherequityinstruments | ||
Othernon-currentfinancialassets | 3,852,935.75 | 0.00 |
Investmentproperty | 303,906,848.84 | 317,313,917.65 |
Fixedassets | 8,549,356.25 | 9,121,637.65 |
Constructioninprogress | 0.00 | 0.00 |
Productivelivingassets | 0.00 | 0.00 |
Oilandgasassets | 0.00 | 0.00 |
Right-of-useassets | ||
Intangibleassets | 0.00 | 0.00 |
R&Dexpense | 0.00 | 0.00 |
Goodwill | 0.00 | 0.00 |
Long-termprepaidexpense | 648,660.36 | 778,392.57 |
Deferredincometaxassets | 334,948,163.11 | 315,888,967.26 |
Othernon-currentassets | 1,223,259,098.54 | 104,132,920.00 |
Totalnon-currentassets | 2,624,874,781.86 | 990,589,672.41 |
Totalassets | 6,379,085,349.06 | 4,926,617,787.14 |
Currentliabilities: | ||
Short-termborrowings | 0.00 | 0.00 |
Tradingfinancialliabilities | 0.00 | 0.00 |
Financialliabilitiesatfairvaluethroughprofitorloss | ||
Derivativefinancialliabilities | ||
Notespayable | 0.00 | 0.00 |
Accountspayable | 82,590,514.00 | 124,501,464.28 |
Advancesfromcustomers | 0.00 | 75,895,087.75 |
Contractualliabilities | ||
Payrollpayable | 22,761,951.82 | 31,224,455.28 |
Taxespayable | 1,275,814,862.27 | 1,402,388,742.76 |
Otherpayables | 1,947,270,339.73 | 224,875,980.31 |
Including:Interestpayable | 0.00 | 0.00 |
Dividendspayable | 29,642.40 | 29,642.40 |
Liabilitiesdirectlyassociatedwithassetsclassifiedasheldforsale | ||
Currentportionofnon-currentliabilities | ||
Othercurrentliabilities | ||
Totalcurrentliabilities | 3,328,437,667.82 | 1,858,885,730.38 |
Non-currentliabilities: | ||
Long-termborrowings | 0.00 | 0.00 |
Bondspayable | 0.00 | 0.00 |
Including:Preferredshares | 0.00 | 0.00 |
Perpetualbonds | 0.00 | 0.00 |
Leaseliabilities | ||
Long-termpayables | 0.00 | 0.00 |
Long-termpayrollpayable | ||
Provisions | 0.00 | 0.00 |
Deferredincome | 0.00 | 0.00 |
Deferredincometaxliabilities | 0.00 | 0.00 |
Othernon-currentliabilities | 0.00 | 0.00 |
Totalnon-currentliabilities | 0.00 | 0.00 |
Totalliabilities | 3,328,437,667.82 | 1,858,885,730.38 |
Owners’equity: | ||
Sharecapital | 595,979,092.00 | 595,979,092.00 |
Otherequityinstruments | ||
Including:Preferredshares | ||
Perpetualbonds | ||
Capitalreserves | 92,326,467.62 | 92,326,467.62 |
Less:Treasurystock | 0.00 | 0.00 |
Othercomprehensiveincome | 0.00 | 0.00 |
Specialreserves | ||
Surplusreserves | 298,912,759.52 | 298,912,759.52 |
Retainedearnings | 2,063,429,362.10 | 2,080,513,737.62 |
Totalowners’equity | 3,050,647,681.24 | 3,067,732,056.76 |
Totalliabilitiesandowners’equity | 6,379,085,349.06 | 4,926,617,787.14 |
3.ConsolidatedIncomeStatementforQ3
Unit:RMB
Item | Q32019 | Q32018 |
1.Revenue | 246,562,586.92 | 373,989,694.46 |
Including:Operatingrevenue | 246,562,586.92 | 373,989,694.46 |
Interestincome | ||
Premiumincome | ||
Handlingchargeandcommissionincome | ||
2.Costsandexpenses | 269,636,497.82 | 294,795,606.42 |
Including:Costofsales | 150,213,690.15 | 220,059,287.49 |
Interestexpense | ||
Handlingchargeandcommissionexpense | ||
Surrenders | ||
Netclaimspaid | ||
Netamountprovidedaspolicyreserve |
Expenditureonpolicydividends | ||
Reinsurancepremiumexpense | ||
Taxesandsurcharges | 14,621,647.42 | 55,644,770.75 |
Sellingexpense | 25,189,654.31 | 5,511,547.16 |
Administrativeexpense | 29,864,077.40 | 24,418,997.27 |
R&Dexpense | ||
Financecosts | 49,747,428.54 | -10,838,996.25 |
Including:Interestexpense | 64,259,301.86 | |
Interestincome | -13,806,812.45 | -11,166,488.11 |
Add:Otherincome | 640,439.36 | |
Returnoninvestment(“-”forloss) | 1,426,936.27 | 1,348,773.97 |
Including:Shareofprofitorlossofjointventuresandassociates | 1,426,936.27 | 728,643.14 |
Derecognitionincomeoffinancialassetsmeasuredatamortizedcost | ||
Foreignexchangegain(“-”forloss) | ||
Netgainonexposurehedges(“-”forloss) | ||
Gainonchangesinfairvalue(“-”forloss) | ||
Creditimpairmentloss(“-”forloss) | ||
Assetimpairmentloss(“-”forloss) | -78,557.10 | 39,920.77 |
Assetdisposalincome(“-”forloss) | ||
3.Operatingprofit(“-”forloss) | -21,085,092.37 | 80,582,782.78 |
Add:Non-operatingincome | 653,052.68 | 1,525,042.96 |
Less:Non-operatingexpense | 100,149.20 | 2,540,174.16 |
4.Profitbeforetax(“-”forloss) | -20,532,188.89 | 79,567,651.58 |
Less:Incometaxexpense | 8,619,711.43 | 18,351,487.77 |
5.Netprofit(“-”fornetloss) | -29,151,900.32 | 61,216,163.81 |
5.1Byoperatingcontinuity | ||
5.1.1Netprofitfromcontinuingoperations(“-”fornetloss) | -29,151,900.32 | 61,216,163.81 |
5.1.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
5.2Byownership | ||
5.2.1NetprofitattributabletoownersoftheCompanyastheparent | -689,810.21 | 61,216,163.81 |
5.2.2Netprofitattributabletonon-controllinginterests | -28,462,090.11 | |
6.Othercomprehensiveincome,netoftax | -1,359,884.19 | -2,264,052.37 |
AttributabletoownersoftheCompanyastheparent | -1,359,884.19 | -2,264,052.37 |
6.1Itemsthatwillnotbereclassifiedtoprofitorloss | ||
6.1.1Changescausedbyremeasurementsondefinedbenefitpensionschemes | ||
6.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
6.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | ||
6.1.4Changesinthefairvalueofthecompany’screditrisks | ||
6.1.5Other | ||
6.2Itemsthatwillbereclassifiedtoprofitorloss | -1,359,884.19 | -2,264,052.37 |
6.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | ||
6.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
6.2.3Gain/Lossonchangesinthefairvalueofavailable-for-salefinancialassets | ||
6.2.4Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
6.2.5Gain/Lossarisingfrom |
thereclassificationofheld-to-maturityinvestmentstoavailable-for-salefinancialassets | ||
6.2.6Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
6.2.7Reserveforcashflowhedges | ||
6.2.8Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | -1,359,884.19 | -2,264,052.37 |
6.2.9Other | ||
Attributabletonon-controllinginterests | ||
7.Totalcomprehensiveincome | -30,511,784.51 | 58,952,111.44 |
AttributabletoownersoftheCompanyastheparent | -2,049,694.40 | 58,952,111.44 |
Attributabletonon-controllinginterests | -28,462,090.11 | |
8.Earningspershare | ||
8.1Basicearningspershare | -0.0012 | 0.1027 |
8.2Dilutedearningspershare | -0.0012 | 0.1027 |
Wherebusinesscombinationsundercommoncontroloccurredinthecurrentperiod,thenetprofitachievedbytheacquireesbeforethecombinationswasRMB0.00,withtheamountforthesameperiodoflastyearbeingRMB0.00.Legalrepresentative:LiuShengxiangHeadoffinancialaffairs:CaiLiliHeadofthefinancialdepartment:LiuQiang
4.IncomeStatementoftheCompanyastheParentforQ3
Unit:RMB
Item | Q32019 | Q32018 |
1.Operatingrevenue | 36,838,750.54 | 35,290,132.14 |
Less:Costofsales | 9,778,124.74 | 9,681,055.22 |
Taxesandsurcharges | 8,621,210.66 | 8,310,210.12 |
Sellingexpense | 5,183,474.22 | 1,287,861.40 |
Administrativeexpense | 15,168,684.33 | 8,738,044.03 |
R&Dexpense |
Financecosts | -10,867,569.80 | -9,607,684.41 |
Including:Interestexpense | ||
Interestincome | -10,887,450.83 | -9,614,088.74 |
Add:Otherincome | 0.00 | 0.00 |
Returnoninvestment(“-”forloss) | 28,854,871.29 | 1,294,275.43 |
Including:Shareofprofitorlossofjointventuresandassociates | 1,426,936.27 | 728,643.14 |
Derecognitionincomeoffinancialassetsmeasuredatamortizedcost | ||
Netgainonexposurehedges(“-”forloss) | ||
Gainonchangesinfairvalue(“-”forloss) | 0.00 | 0.00 |
Creditimpairmentloss(“-”forloss) | ||
Assetimpairmentloss(“-”forloss) | 40,000.00 | |
Assetdisposalincome(“-”forloss) | 0.00 | 0.00 |
2.Operatingprofit(“-”forloss) | 37,809,697.68 | 18,214,921.21 |
Add:Non-operatingincome | 32,112.50 | 54,791.03 |
Less:Non-operatingexpense | 11,123.48 | 701,868.96 |
3.Profitbeforetax(“-”forloss) | 37,830,686.70 | 17,567,843.28 |
Less:Incometaxexpense | 8,900,600.16 | 4,236,800.97 |
4.Netprofit(“-”fornetloss) | 28,930,086.54 | 13,331,042.31 |
4.1Netprofitfromcontinuingoperations(“-”fornetloss) | 28,930,086.54 | 13,331,042.31 |
4.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
5.Othercomprehensiveincome,netoftax | 0.00 | 0.00 |
5.1Itemsthatwillnotbereclassifiedtoprofitorloss | ||
5.1.1Changescausedbyremeasurementsondefinedbenefitpensionschemes |
5.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
5.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | ||
5.1.4Changesinthefairvalueofthecompany’screditrisks | ||
5.1.5Other | ||
5.2Itemsthatwillbereclassifiedtoprofitorloss | ||
5.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | ||
5.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
5.2.3Gain/Lossonchangesinthefairvalueofavailable-for-salefinancialassets | ||
5.2.4Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
5.2.5Gain/Lossarisingfromthereclassificationofheld-to-maturityinvestmentstoavailable-for-salefinancialassets | ||
5.2.6Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
5.2.7Reserveforcashflowhedges | ||
5.2.8Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | ||
5.2.9Other | ||
6.Totalcomprehensiveincome | 28,930,086.54 | 13,331,042.31 |
7.Earningspershare | ||
7.1Basicearningspershare | 0.0485 | 0.0224 |
7.2Dilutedearningspershare | 0.0485 | 0.0224 |
5.ConsolidatedIncomeStatementforQ1~Q3
Unit:RMB
Item | Q1~Q32019 | Q1~Q32018 |
1.Revenue | 1,001,952,666.88 | 1,199,003,679.43 |
Including:Operatingrevenue | 1,001,952,666.88 | 1,199,003,679.43 |
Interestincome | ||
Premiumincome | ||
Handlingchargeandcommissionincome | ||
2.Operatingcostsandexpenses | 896,123,523.02 | 1,016,278,134.94 |
Including:Costofsales | 532,182,778.63 | 909,246,628.59 |
Interestexpense | ||
Handlingchargeandcommissionexpense | ||
Surrenders | ||
Netclaimspaid | ||
Netamountprovidedaspolicyreserve | ||
Expenditureonpolicydividends | ||
Reinsurancepremiumexpense | ||
Taxesandsurcharges | 134,703,867.42 | 62,944,209.41 |
Sellingexpense | 43,482,379.03 | 14,808,076.92 |
Administrativeexpense | 85,821,358.91 | 67,735,440.92 |
R&Dexpense | ||
Financecosts | 99,933,139.03 | -38,456,220.90 |
Including:Interestexpense | 138,229,418.43 | |
Interestincome | -39,636,999.51 | -39,320,642.15 |
Add:Otherincome | 945,653.26 | |
Investmentincome(“-”forloss) | 2,207,762.84 | 1,398,021.17 |
Including:Shareofprofitorlossofjointventuresandassociates | 2,207,762.84 | 777,890.34 |
Derecognitionincomeoffinancialassetsmeasuredatamortized |
cost | ||
Foreignexchangegain(“-”forloss) | ||
Netgainonexposurehedges(“-”forloss) | ||
Gainonchangesinfairvalue(“-”forloss) | ||
Creditimpairmentloss(“-”forloss) | ||
Assetimpairmentloss(“-”forloss) | -2,656,062.96 | 4,797,271.69 |
Assetdisposalincome(“-”forloss) | ||
3.Operatingprofit(“-”forloss) | 106,326,497.00 | 188,920,837.35 |
Add:Non-operatingincome | 2,443,584.43 | 3,058,534.39 |
Less:Non-operatingexpense | 1,806,397.12 | 2,851,849.01 |
4.Profitbeforetax(“-”forloss) | 106,963,684.31 | 189,127,522.73 |
Less:Incometaxexpense | 60,811,172.26 | 44,938,831.33 |
5.Netprofit(“-”fornetloss) | 46,152,512.05 | 144,188,691.40 |
5.1Byoperatingcontinuity | ||
5.1.1Netprofitfromcontinuingoperations(“-”fornetloss) | 46,152,512.05 | 144,188,691.40 |
5.1.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
5.2Byownership | ||
5.2.1NetprofitattributabletoownersoftheCompanyastheparent | 103,059,587.95 | 144,188,691.40 |
5.2.2Netprofitattributabletonon-controllinginterests | -56,907,075.90 | |
6.Othercomprehensiveincome,netoftax | -1,157,059.94 | -1,848,692.29 |
AttributabletoownersoftheCompanyastheparent | -1,157,059.94 | -1,848,692.29 |
6.1Itemsthatwillnotbereclassifiedtoprofitorloss | ||
6.1.1Changescausedbyremeasurementsondefinedbenefitpensionschemes | ||
6.1.2Othercomprehensiveincomethatwillnotbereclassifiedto |
profitorlossundertheequitymethod | ||
6.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | ||
6.1.4Changesinthefairvalueofthecompany’screditrisks | ||
6.1.5Other | ||
6.2Itemsthatwillbereclassifiedtoprofitorloss | -1,157,059.94 | -1,848,692.29 |
6.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | ||
6.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
6.2.3Gain/Lossonchangesinthefairvalueofavailable-for-salefinancialassets | 0.00 | 0.00 |
6.2.4Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | 0.00 | 0.00 |
6.2.5Gain/Lossarisingfromthereclassificationofheld-to-maturityinvestmentstoavailable-for-salefinancialassets | 0.00 | 0.00 |
6.2.6Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | 0.00 | 0.00 |
6.2.7Reserveforcashflowhedges | ||
6.2.8Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | -1,157,059.94 | -1,848,692.29 |
6.2.9Other | 0.00 | 0.00 |
Attributabletonon-controllinginterests | ||
7.Totalcomprehensiveincome | 44,995,452.11 | 142,339,999.11 |
AttributabletoownersoftheCompanyastheparent | 101,902,528.01 | 142,339,999.11 |
Attributabletonon-controllinginterests | -56,907,075.90 | |
8.Earningspershare |
8.1Basicearningspershare | 0.1729 | 0.2419 |
8.2Dilutedearningspershare | 0.1729 | 0.2419 |
Wherebusinesscombinationsundercommoncontroloccurredinthecurrentperiod,thenetprofitachievedbytheacquireesbeforethecombinationswasRMB0.00,withtheamountforthesameperiodoflastyearbeingRMB0.00.Legalrepresentative:LiuShengxiangHeadoffinancialaffairs:CaiLiliHeadofthefinancialdepartment:LiuQiang
6.IncomeStatementoftheCompanyastheParentforQ1~Q3
Unit:RMB
Item | Q1~Q32019 | Q1~Q32018 |
1.Operatingrevenue | 378,748,801.89 | 68,745,923.98 |
Less:Costofsales | 74,483,319.07 | 21,473,707.25 |
Taxesandsurcharges | 115,202,375.21 | 10,347,227.32 |
Sellingexpense | 12,115,904.81 | 2,200,695.62 |
Administrativeexpense | 41,534,008.61 | 23,762,826.83 |
R&Dexpense | ||
Financecosts | -31,078,642.03 | -36,100,159.33 |
Including:Interestexpense | 0.00 | 0.00 |
Interestincome | -31,332,593.96 | -35,840,623.26 |
Add:Otherincome | 0.00 | 0.00 |
Investmentincome(“-”forloss) | 45,735,016.53 | 1,343,522.63 |
Including:Shareofprofitorlossofjointventuresandassociates | 2,207,762.84 | 777,890.34 |
Derecognitionincomeoffinancialassetsmeasuredatamortizedcost | ||
Netgainonexposurehedges(“-”forloss) | ||
Gainonchangesinfairvalue(“-”forloss) | 0.00 | 0.00 |
Creditimpairmentloss(“-”forloss) | ||
Assetimpairmentloss(“-”forloss) | 475,313.54 | 2,286,956.93 |
Assetdisposalincome(“-”for | 0.00 | 0.00 |
loss) | ||
2.Operatingprofit(“-”forloss) | 212,702,166.29 | 50,692,105.85 |
Add:Non-operatingincome | 352,112.50 | 172,307.70 |
Less:Non-operatingexpense | 1,113,254.57 | 711,102.23 |
3.Profitbeforetax(“-”forloss) | 211,941,024.22 | 50,153,311.32 |
Less:Incometaxexpense | 50,231,672.14 | 14,324,142.36 |
4.Netprofit(“-”fornetloss) | 161,709,352.08 | 35,829,168.96 |
4.1Netprofitfromcontinuingoperations(“-”fornetloss) | 161,709,352.08 | 35,829,168.96 |
4.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
5.Othercomprehensiveincome,netoftax | 0.00 | 0.00 |
5.1Itemsthatwillnotbereclassifiedtoprofitorloss | ||
5.1.1Changescausedbyremeasurementsondefinedbenefitpensionschemes | ||
5.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
5.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | ||
5.1.4Changesinthefairvalueofthecompany’screditrisks | ||
5.1.5Other | ||
5.2Itemsthatwillbereclassifiedtoprofitorloss | ||
5.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | ||
5.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
5.2.3Gain/Lossonchangesinthefairvalueofavailable-for-salefinancialassets | ||
5.2.4Othercomprehensiveincomearisingfromthereclassificationoffinancialassets |
5.2.5Gain/Lossarisingfromthereclassificationofheld-to-maturityinvestmentstoavailable-for-salefinancialassets | ||
5.2.6Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
5.2.7Reserveforcashflowhedges | ||
5.2.8Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | ||
5.2.9Other | ||
6.Totalcomprehensiveincome | 161,709,352.08 | 35,829,168.96 |
7.Earningspershare | ||
7.1Basicearningspershare | 0.2713 | 0.0601 |
7.2Dilutedearningspershare | 0.2713 | 0.0601 |
7.ConsolidatedCashFlowStatementforQ1~Q3
Unit:RMB
Item | Q1~Q32019 | Q1~Q32018 |
1.Cashflowsfromoperatingactivities: | ||
Proceedsfromsaleofcommoditiesandrenderingofservices | 3,314,246,618.83 | 1,295,693,553.75 |
Netincreaseincustomerdepositsandinterbankdeposits | ||
Netincreaseinborrowingsfromthecentralbank | ||
Netincreaseinloansfromotherfinancialinstitutions | ||
Premiumsreceivedonoriginalinsurancecontracts | ||
Netproceedsfromreinsurance | ||
Netincreaseindepositsandinvestmentsofpolicyholders | ||
Interest,handlingchargesandcommissionsreceived | ||
Netincreaseininterbankloansobtained |
Netincreaseinproceedsfromrepurchasetransactions | ||
Netproceedsfromactingtradingofsecurities | ||
Taxrebates | ||
Cashgeneratedfromotheroperatingactivities | 67,566,886.74 | 54,362,412.15 |
Subtotalofcashgeneratedfromoperatingactivities | 3,381,813,505.57 | 1,350,055,965.90 |
Paymentsforcommoditiesandservices | 1,905,982,605.70 | 346,412,905.78 |
Netincreaseinloansandadvancestocustomers | ||
Netincreaseindepositsinthecentralbankandininterbankloansgranted | ||
Paymentsforclaimsonoriginalinsurancecontracts | ||
Netincreaseininterbankloansgranted | ||
Interest,handlingchargesandcommissionspaid | ||
Policydividendspaid | ||
Cashpaidtoandforemployees | 293,904,283.08 | 257,504,612.76 |
Taxespaid | 561,618,318.73 | 635,718,764.52 |
Cashusedinotheroperatingactivities | 86,038,043.75 | 60,438,652.65 |
Subtotalofcashusedinoperatingactivities | 2,847,543,251.26 | 1,300,074,935.71 |
Netcashgeneratedfrom/usedinoperatingactivities | 534,270,254.31 | 49,981,030.19 |
2.Cashflowsfrominvestingactivities: | ||
Proceedsfromdisinvestment | ||
Returnoninvestment | ||
Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 18,465.00 | 86,935.08 |
Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | 79,901,686.57 | |
Cashgeneratedfromother |
investingactivities | ||
Subtotalofcashgeneratedfrominvestingactivities | 18,465.00 | 79,988,621.65 |
Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 36,152,392.84 | 3,820,791.01 |
Paymentsforinvestments | ||
Netincreaseinpledgedloansgranted | ||
Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | 1,555,272.25 | |
Cashusedinotherinvestingactivities | ||
Subtotalofcashusedininvestingactivities | 37,707,665.09 | 3,820,791.01 |
Netcashgeneratedfrom/usedininvestingactivities | -37,689,200.09 | 76,167,830.64 |
3.Cashflowsfromfinancingactivities: | ||
Capitalcontributionsreceived | 3,220,000.00 | |
Including:Capitalcontributionsbynon-controllingintereststosubsidiaries | 3,220,000.00 | |
Borrowingsobtained | 1,000,000.00 | |
Cashgeneratedfromotherfinancingactivities | ||
Subtotalofcashgeneratedfromfinancingactivities | 3,220,000.00 | 1,000,000.00 |
Repaymentsofborrowings | ||
Paymentsforinterestanddividends | 362,438,136.65 | 178,787,631.06 |
Including:Dividendspaidbysubsidiariestonon-controllinginterests | ||
Cashusedinotherfinancingactivities | ||
Subtotalofcashusedinfinancingactivities | 362,438,136.65 | 178,787,631.06 |
Netcashgeneratedfrom/usedinfinancingactivities | -359,218,136.65 | -177,787,631.06 |
4.Effectofforeignexchangeratechangesoncashandcashequivalents | 214,256.25 | 2,657,365.10 |
5.Netincreaseincashandcashequivalents | 137,577,173.82 | -48,981,405.13 |
Add:Cashandcashequivalents,beginningoftheperiod | 3,375,714,690.09 | 2,464,626,655.21 |
6.Cashandcashequivalents,endoftheperiod | 3,513,291,863.91 | 2,415,645,250.08 |
8.CashFlowStatementoftheCompanyastheParentforQ1~Q3
Unit:RMB
Item | Q1~Q32019 | Q1~Q32018 |
1.Cashflowsfromoperatingactivities: | ||
Proceedsfromsaleofcommoditiesandrenderingofservices | 320,412,800.30 | 375,845,935.24 |
Taxrebates | ||
Cashgeneratedfromotheroperatingactivities | 2,136,343,279.15 | 189,133,015.29 |
Subtotalofcashgeneratedfromoperatingactivities | 2,456,756,079.45 | 564,978,950.53 |
Paymentsforcommoditiesandservices | 581,569,445.28 | 6,799,103.87 |
Cashpaidtoandforemployees | 31,673,711.59 | 16,595,230.41 |
Taxespaid | 351,320,590.40 | 89,575,754.41 |
Cashusedinotheroperatingactivities | 42,133,507.81 | 332,877,876.21 |
Subtotalofcashusedinoperatingactivities | 1,006,697,255.08 | 445,847,964.90 |
Netcashgeneratedfrom/usedinoperatingactivities | 1,450,058,824.37 | 119,130,985.63 |
2.Cashflowsfrominvestingactivities: | ||
Proceedsfromdisinvestment | ||
Returnoninvestment | 42,472,222.23 | |
Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 690.00 | 12,657.70 |
Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | 73,001,849.11 | |
Cashgeneratedfromotherinvestingactivities | ||
Subtotalofcashgeneratedfrom | 42,472,912.23 | 73,014,506.81 |
investingactivities | ||
Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 15,905,263.70 | 503,316.94 |
Paymentsforinvestments | 1,200,000,000.00 | 39,351,392.06 |
Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | 1,600,000.00 | |
Cashusedinotherinvestingactivities | ||
Subtotalofcashusedininvestingactivities | 1,217,505,263.70 | 39,854,709.00 |
Netcashgeneratedfrom/usedininvestingactivities | -1,175,032,351.47 | 33,159,797.81 |
3.Cashflowsfromfinancingactivities: | ||
Capitalcontributionsreceived | ||
Borrowingsobtained | ||
Cashgeneratedfromotherfinancingactivities | ||
Subtotalofcashgeneratedfromfinancingactivities | ||
Repaymentsofborrowings | ||
Paymentsforinterestanddividends | 178,793,727.60 | 178,778,071.68 |
Cashusedinotherfinancingactivities | ||
Subtotalofcashusedinfinancingactivities | 178,793,727.60 | 178,778,071.68 |
Netcashgeneratedfrom/usedinfinancingactivities | -178,793,727.60 | -178,778,071.68 |
4.Effectofforeignexchangeratechangesoncashandcashequivalents | 2,634.28 | 2,723.88 |
5.Netincreaseincashandcashequivalents | 96,235,379.58 | -26,484,564.36 |
Add:Cashandcashequivalents,beginningoftheperiod | 2,520,788,994.16 | 1,754,272,751.45 |
6.Cashandcashequivalents,endoftheperiod | 2,617,024,373.74 | 1,727,788,187.09 |
IIAdjustmentstotheFinancialStatements
1.AdjustmentstotheFinancialStatementsattheBeginningoftheExecutionofanyNewStandardsGoverningFinancialInstruments,RevenueorLeasesfrom2019
√Applicable□NotapplicableConsolidatedBalanceSheet
Unit:RMB
Item | 31December2018 | 1January2019 | Adjusted |
Currentassets: | |||
Monetarycapital | 3,389,234,357.72 | 3,389,234,357.72 | |
Settlementreserve | |||
Interbankloansgranted | |||
Tradingfinancialassets | |||
Financialassetsatfairvaluethroughprofitorloss | |||
Derivativefinancialassets | |||
Notesreceivable | |||
Accountsreceivable | 64,231,267.94 | 64,231,267.94 | |
Accountsreceivablefinancing | |||
Prepayments | 35,913,164.32 | 35,913,164.32 | |
Premiumsreceivable | |||
Reinsurancereceivables | |||
Receivablereinsurancecontractreserve | |||
Otherreceivables | 24,428,411.19 | 24,428,411.19 | |
Including:Interestreceivable | 8,293,317.33 | 8,293,317.33 | |
Dividendsreceivable | |||
Financialassetspurchasedunderresaleagreements | |||
Inventories | 1,181,762,531.67 | 1,181,762,531.67 | |
Contractualassets | |||
Assetsclassifiedasheldforsale | |||
Currentportionofnon-currentassets |
Othercurrentassets | 16,694,408.12 | 16,694,408.12 | |
Totalcurrentassets | 4,712,264,140.96 | 4,712,264,140.96 | |
Non-currentassets: | |||
Loansandadvancestocustomers | |||
Investmentsindebtobligations | |||
Available-for-salefinancialassets | 3,621,381.11 | -3,621,381.11 | |
Investmentsinotherdebtobligations | |||
Held-to-maturityinvestments | |||
Long-termreceivables | |||
Long-termequityinvestments | 39,999,283.24 | 39,999,283.24 | |
Investmentsinotherequityinstruments | |||
Othernon-currentfinancialassets | 3,621,381.11 | 3,621,381.11 | |
Investmentproperty | 400,550,689.90 | 400,550,689.90 | |
Fixedassets | 32,612,592.40 | 32,612,592.40 | |
Constructioninprogress | |||
Productivelivingassets | |||
Oilandgasassets | |||
Right-of-useassets | |||
Intangibleassets | |||
R&Dexpense | |||
Goodwill | |||
Long-termprepaidexpense | 2,398,576.29 | 2,398,576.29 | |
Deferredincometaxassets | 519,783,531.64 | 519,783,531.64 | |
Othernon-currentassets | 108,971,942.00 | 108,971,942.00 | |
Totalnon-currentassets | 1,107,937,996.58 | 1,107,937,996.58 | |
Totalassets | 5,820,202,137.54 | 5,820,202,137.54 | |
Currentliabilities: | |||
Short-termborrowings | |||
Borrowingsfromcentral |
bank | ||
Interbankloansobtained | ||
Tradingfinancialliabilities | ||
Financialliabilitiesatfairvaluethroughprofitorloss | ||
Derivativefinancialliabilities | ||
Notespayable | ||
Accountspayable | 398,429,855.96 | 398,429,855.96 |
Advancesfromcustomers | 265,338,215.34 | 265,338,215.34 |
Contractualliabilities | ||
Financialassetssoldunderrepurchaseagreements | ||
Customerdepositsandinterbankdeposits | ||
Payablesforactingtradingofsecurities | ||
Payablesforunderwritingofsecurities | ||
Payrollpayable | 96,069,521.54 | 96,069,521.54 |
Taxespayable | 1,552,720,630.59 | 1,552,720,630.59 |
Otherpayables | 112,502,146.69 | 112,502,146.69 |
Including:Interestpayable | 1,669.10 | 1,669.10 |
Dividendspayable | 29,642.40 | 29,642.40 |
Handlingchargesandcommissionspayable | ||
Reinsurancepayables | ||
Liabilitiesdirectlyassociatedwithassetsclassifiedasheldforsale | ||
Currentportionofnon-currentliabilities | ||
Othercurrentliabilities | ||
Totalcurrentliabilities | 2,425,060,370.12 | 2,425,060,370.12 |
Non-currentliabilities: | ||
Insurancecontractreserve | ||
Long-termborrowings | 1,000,000.00 | 1,000,000.00 |
Bondspayable | ||
Including:Preferredshares | ||
Perpetualbonds | ||
Leaseliabilities | ||
Long-termpayables | ||
Long-termpayrollpayable | ||
Provisions | ||
Deferredincome | ||
Deferredincometaxliabilities | 5,275.60 | 5,275.60 |
Othernon-currentliabilities | 52,937,180.81 | 52,937,180.81 |
Totalnon-currentliabilities | 53,942,456.41 | 53,942,456.41 |
Totalliabilities | 2,479,002,826.53 | 2,479,002,826.53 |
Owners’equity: | ||
Sharecapital | 595,979,092.00 | 595,979,092.00 |
Otherequityinstruments | ||
Including:Preferredshares | ||
Perpetualbonds | ||
Capitalreserves | 118,938,132.89 | 118,938,132.89 |
Less:Treasurystock | ||
Othercomprehensiveincome | -1,786,181.69 | -1,786,181.69 |
Specificreserve | ||
Surplusreserves | 299,569,569.96 | 299,569,569.96 |
Generalreserve | ||
Retainedearnings | 2,325,248,711.48 | 2,325,248,711.48 |
TotalequityattributabletoownersoftheCompanyastheparent | 3,337,949,324.64 | 3,337,949,324.64 |
Non-controllinginterests | 3,249,986.37 | 3,249,986.37 |
Totalowners’equity | 3,341,199,311.01 | 3,341,199,311.01 |
Totalliabilitiesandowners’equity | 5,820,202,137.54 | 5,820,202,137.54 |
Noteforadjustment:
AccordingtotheAccountingStandardsforBusinessEnterprisesNo.22-RecognitionandMeasurementofFinancialInstruments(CK[2017]No.7),theAccountingStandardsforBusinessEnterprisesNo.23–TransferofFinancialAssets(CK[2017]No.8),theAccountingStandardsforBusinessEnterprisesNo.24–HedgingAccounting(CK[2017]No.9),andtheAccountingStandardsforBusinessEnterprisesNo.37–PresentationofFinancialInstruments(CK[2017]No.14)issuedandrevisedin2017byMinistryofFinance,enterpriseslisteddomesticallyshallimplementrelevantnewaccountingstandardsoffinancialinstrumentsfrom1January2019.NotesofRevisingandPrintingtheFormatof2018GeneralEnterprisesFinancialStatement(CK[2018]No.15)(hereinafterreferredtoas“CK[2018]No.15”)wasissuedbytheMinistryofFinanceon15June2018,whichrequirednon-financialenterprisesimplementingaccountingstandardstopreparethefinancialstatementsinaccordancewiththerevisedformatofgeneralenterprisesfinancialstatements(applyingtotheenterpriseswhoalreadyimplementednewstandardsgoverningfinancialinstrumentsandrevenue)Adjustmentsareasfollowsaccordingtotheregulationsandrequirementsofabovenotesandaccountingstandardsforbusinessenterprise:
1.TheCompanyclassifiedandadjustedtheoriginal“Available-for-salefinancialassets”to“Othernon-currentfinancialassets”accordingtotheregulationsofnewstandardsofgoverningfinancialinstruments.
2.TheCompanychanged“incurredlossmethod”to“expectedlossmethod”forprovisionforfinancialassetsimpairment.
3.Accordingtotheregulationsofnewaccountingstandardsgoverningfinancialinstruments,theCompanydidnotneedtorestatetheperviouscomparativedata.Theadjustmentofdiscrepancybetweenwiththenewstandardsatthefirstexecutiondayandoriginalstandardsshallberecordedintothebeginningretainedearningsof2019orothercomprehensiveincome.BalanceSheetoftheCompanyastheParent
Unit:RMB
Item | 31December2018 | 1January2019 | Adjusted |
Currentassets: | |||
Monetarycapital | 2,520,788,994.16 | 2,520,788,994.16 | |
Tradingfinancialassets | 0.00 | 0.00 | |
Financialassetsatfairvaluethroughprofitorloss | |||
Derivativefinancialassets | 0.00 | 0.00 | |
Notesreceivable | 0.00 | 0.00 | |
Accountsreceivable | 1,853,494.72 | 1,853,494.72 | |
Accountsreceivablefinancing | |||
Prepayments | 829,683.68 | 829,683.68 | |
Otherreceivables | 1,306,715,826.93 | 1,306,715,826.93 | |
Including:Interestreceivable | 8,229,503.58 | 8,229,503.58 | |
Dividendsreceivable | 0.00 | 0.00 |
Inventories | 105,840,115.24 | 105,840,115.24 | |
Contractualassets | |||
Assetsclassifiedasheldforsale | |||
Currentportionofnon-currentassets | 0.00 | 0.00 | |
Othercurrentassets | 0.00 | 0.00 | |
Totalcurrentassets | 3,936,028,114.73 | 3,936,028,114.73 | |
Non-currentassets: | |||
Investmentsindebtobligations | |||
Available-for-salefinancialassets | 3,851,881.11 | -3,851,881.11 | |
Investmentsinotherdebtobligations | |||
Held-to-maturityinvestments | 0.00 | 0.00 | |
Long-termreceivables | 0.00 | 0.00 | |
Long-termequityinvestments | 239,501,956.17 | 239,501,956.17 | |
Investmentsinotherequityinstruments | |||
Othernon-currentfinancialassets | 0.00 | 3,851,881.11 | 3,851,881.11 |
Investmentproperty | 317,313,917.65 | 317,313,917.65 | |
Fixedassets | 9,121,637.65 | 9,121,637.65 | |
Constructioninprogress | 0.00 | 0.00 | |
Productivelivingassets | 0.00 | 0.00 | |
Oilandgasassets | 0.00 | 0.00 | |
Right-of-useassets | |||
Intangibleassets | 0.00 | 0.00 | |
R&Dexpense | 0.00 | 0.00 | |
Goodwill | 0.00 | 0.00 | |
Long-termprepaidexpense | 778,392.57 | 778,392.57 | |
Deferredincometaxassets | 315,888,967.26 | 315,888,967.26 | |
Othernon-currentassets | 104,132,920.00 | 104,132,920.00 | |
Totalnon-currentassets | 990,589,672.41 | 990,589,672.41 |
Totalassets | 4,926,617,787.14 | 4,926,617,787.14 |
Currentliabilities: | ||
Short-termborrowings | 0.00 | 0.00 |
Tradingfinancialliabilities | 0.00 | 0.00 |
Financialliabilitiesatfairvaluethroughprofitorloss | ||
Derivativefinancialliabilities | ||
Notespayable | 0.00 | 0.00 |
Accountspayable | 124,501,464.28 | 124,501,464.28 |
Advancesfromcustomers | 75,895,087.75 | 75,895,087.75 |
Contractualliabilities | ||
Payrollpayable | 31,224,455.28 | 31,224,455.28 |
Taxespayable | 1,402,388,742.76 | 1,402,388,742.76 |
Otherpayables | 224,875,980.31 | 54,376,657.71 |
Including:Interestpayable | 0.00 | 0.00 |
Dividendspayable | 29,642.40 | 29,642.40 |
Liabilitiesdirectlyassociatedwithassetsclassifiedasheldforsale | ||
Currentportionofnon-currentliabilities | ||
Othercurrentliabilities | 170,499,322.60 | |
Totalcurrentliabilities | 1,858,885,730.38 | 1,858,885,730.38 |
Non-currentliabilities: | ||
Long-termborrowings | 0.00 | 0.00 |
Bondspayable | 0.00 | 0.00 |
Including:Preferredshares | 0.00 | 0.00 |
Perpetualbonds | 0.00 | 0.00 |
Leaseliabilities | ||
Long-termpayables | 0.00 | 0.00 |
Long-termpayrollpayable | ||
Provisions | 0.00 | 0.00 |
Deferredincome | 0.00 | 0.00 |
Deferredincometaxliabilities | 0.00 | 0.00 |
Othernon-currentliabilities | 0.00 | 0.00 |
Totalnon-currentliabilities | 0.00 | 0.00 |
Totalliabilities | 1,858,885,730.38 | 1,858,885,730.38 |
Owners’equity: | ||
Sharecapital | 595,979,092.00 | 595,979,092.00 |
Otherequityinstruments | ||
Including:Preferredshares | ||
Perpetualbonds | ||
Capitalreserves | 92,326,467.62 | 92,326,467.62 |
Less:Treasurystock | 0.00 | 0.00 |
Othercomprehensiveincome | 0.00 | 0.00 |
Specificreserve | ||
Surplusreserves | 298,912,759.52 | 298,912,759.52 |
Retainedearnings | 2,080,513,737.62 | 2,080,513,737.62 |
Totalowners’equity | 3,067,732,056.76 | 3,067,732,056.76 |
Totalliabilitiesandowners’equity | 4,926,617,787.14 | 4,926,617,787.14 |
Noteforadjustment:
AccordingtotheAccountingStandardsforBusinessEnterprisesNo.22-RecognitionandMeasurementofFinancialInstruments(CK[2017]No.7),theAccountingStandardsforBusinessEnterprisesNo.23–TransferofFinancialAssets(CK[2017]No.8),theAccountingStandardsforBusinessEnterprisesNo.24–HedgingAccounting(CK[2017]No.9),andtheAccountingStandardsforBusinessEnterprisesNo.37–PresentationofFinancialInstruments(CK[2017]No.14)issuedandrevisedin2017byMinistryofFinance,enterpriseslisteddomesticallyshallimplementrelevantnewaccountingstandardsoffinancialinstrumentsfrom1January2019.NotesofRevisingandPrintingtheFormatof2018GeneralEnterprisesFinancialStatement(CK[2018]No.15)(hereinafterreferredtoas“CK[2018]No.15”)wasissuedbytheMinistryofFinanceon15June2018,whichrequirednon-financialenterprisesimplementingaccountingstandardstopreparethefinancialstatementsinaccordancewiththerevisedformatofgeneralenterprisesfinancialstatements(applyingtotheenterpriseswhoalreadyimplementednewstandardsgoverningfinancialinstrumentsandrevenue)Adjustmentsareasfollowsaccordingtotheregulationsandrequirementsofabovenotesandaccountingstandardsforbusinessenterprise:
1.TheCompanyclassifiedandadjustedtheoriginal“Available-for-salefinancialassets”to“Othernon-currentfinancialassets”accordingtotheregulationsofnewstandardsofgoverningfinancialinstruments.
2.TheCompanychanged“incurredlossmethod”to“expectedlossmethod”forprovisionforfinancialassetsimpairment.
3.Accordingtotheregulationsofnewaccountingstandardsgoverningfinancialinstruments,theCompanydidnotneedtorestatetheperviouscomparativedata.Theadjustmentofdiscrepancybetweenwiththenewstandardsatthefirstexecutiondayandoriginalstandardsshallberecordedintothebeginningretainedearningsof2019orothercomprehensiveincome.
2.RetrospectiveRestatementofPreviousComparativeDataduetotheExecutionofanyNewStandardsGoverningFinancialInstrumentsorLeasesfrom2019
□Applicable√Notapplicable
IIIIndependentAuditor’sReport
Indicatebytickmarkwhetherthefinancialstatementsabovehavebeenauditedbyanindependentauditor.
□Yes√NoThesefinancialstatementshavenotbeenauditedbysuchanauditor.