Stock Code: 000011, 200011 Stock Name: PRD, PRD-B Announcement No. 2022-42
SHENZHEN PROPERTIES & RESOURCES DEVELOPMENT
(GROUP) LTD.THIRD QUARTERLY REPORT 2022ShenZhen Properties & Resources Development (Group) Ltd. (hereinafter referred to as the“Company”) and all the members of the Company’s Board of Directors hereby guaranteethat the contents of this Report are true, accurate and complete and free of anymisrepresentations, misleading statements or material omissions.Important Notes:
1. The Board of Directors, the Supervisory Committee as well as the directors, supervisors and senior management of the Companyhereby guarantee that the contents of this Report are true, accurate and complete and free of any misrepresentations, misleadingstatements or material omissions, and collectively and individually accept legal responsibility for such contents.
2. The Company’s legal representative, head of financial affairs, and head of the financial department (equivalent to financialmanager) hereby guarantee that the financial statements carried in this Report are true, accurate and complete.
3. Indicate whether the financial statements in this Report have been audited by an independent auditor.
□Yes ? No
I Key Financial Information(I) Key Accounting Data and Financial Indicators
Indicate whether there is any retrospectively restated datum in the table below.?Yes □ NoReason for any retrospectively adjustment or restatementBusiness combination under the same control
| Q3 2022 | Q3 2021 | YoY change (%) | Q1-Q3 2022 | Q1-Q3 2021 | YoY change (%) | |||
| Before | Restated | Restated | Before | Restated | Restated | |||
| Operating revenue (RMB) | 1,151,996,154.28 | 640,625,548.94 | 745,824,356.12 | 54.46% | 3,140,295,994.52 | 3,181,490,688.19 | 3,452,609,994.42 | -9.05% |
| Net profit attributable to the listed company’s shareholders (RMB) | 204,943,064.95 | 98,290,796.67 | 97,155,145.07 | 110.94% | 455,745,222.66 | 774,666,320.42 | 774,622,211.49 | -41.17% |
| Net profit attributable to the listed company’s shareholders before exceptional gains and losses (RMB) | 185,140,024.51 | 97,412,536.02 | 95,307,664.94 | 94.26% | 441,790,635.56 | 767,271,027.23 | 764,505,560.70 | -42.21% | |
| Net cash generated from/used in operating activities (RMB) | - | - | - | - | -40,194,271.40 | -543,010,578.00 | -540,441,502.09 | 92.56% | |
| Basic earnings per share (RMB/share) | 0.3439 | 0.1649 | 0.1630 | 110.98% | 0.7647 | 1.2998 | 1.2997 | -41.16% | |
| Diluted earnings per share (RMB/share) | 0.3439 | 0.1649 | 0.1630 | 110.98% | 0.7647 | 1.2998 | 1.2997 | -41.16% | |
| Weighted average return on equity (%) | 4.83% | 2.34% | 2.26% | 2.58% | 10.35% | 19.47% | 18.92% | -8.57% | |
| 30 September 2022 | 31 December 2021 | YoY change (%) | |||||||
| Before | Restated | Restated | |||||||
| Total assets (RMB) | 14,989,808,984.10 | 14,581,897,151.76 | 14,828,989,745.60 | 1.08% | |||||
| Equity attributable to the listed company’s shareholders (RMB) | 4,325,396,497.62 | 4,486,110,790.39 | 4,583,266,959.57 | -5.63% | |||||
(II) Exceptional Gains and Losses? Applicable □ Not applicable
Unit: RMB
| Item | Q3 2022 | Q1-Q3 2022 | Note |
| Gain or loss on disposal of non-current assets (inclusive of impairment allowance write-offs) | 1,309.18 | -40,143.31 | |
| Government grants through profit or loss (exclusive of government grants continuously given in the Company’s ordinary course of business at fixed quotas or amounts as per the government’s policies and standards) | 676,661.15 | 1,791,835.55 | Job retention and training subsidy and anti-pandemic subsidy received |
| Capital occupation charges on non-financial enterprises that are charged to current gains and losses | 37,183.08 | -63,411.87 |
| Current gains and losses on subsidiaries acquired through business mergers under same control from period-beginning to merger dates, net | 16,594,112.22 | 9,660,510.88 | The gains and losses were adjusted according to the audit report on profit and loss in the transitional period |
| Gain or loss on fair-value changes in held-for-trading financial assets and liabilities & investment income from disposal of held-for-trading financial assets and liabilities, and available-for-sale financial assets (exclusive of effective portion of hedges that arise in the Company’s ordinary course of business) | 117,082.19 | 117,082.19 | |
| Non-operating income and expense other than the above | 3,337,764.75 | 4,466,246.37 | Penalty, confiscatory and liquidated damages income |
| Less: Income tax effects | 1,072,882.86 | 1,627,870.78 | |
| Non-controlling interests effects (net of tax) | -111,810.73 | 349,661.93 | The amount affected was adjusted according to the audit report on profit and loss in the transitional period |
| Total | 19,803,040.44 | 13,954,587.10 | -- |
Other items that meet the definition of exceptional gain/loss:
□Applicable ? Not applicable
No such cases in the Reporting Period.Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed in the Explanatory AnnouncementNo. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss Items:
□Applicable ? Not applicable
No such cases in the Reporting Period.
(III) Changes in Key Financial Statement Line Items and Explanation of why
? Applicable □ Not applicable
1. Monetary assets stood at RMB1,382,884,488.62 as at 30 September 2022, down 39.37% compared to 1 January 2022, primarilydriven by the payment for land.
2. Accounts receivable (net) stood at RMB419,831,334.90 as at 30 September 2022, up 42.23% compared to 1 January 2022,primarily driven by the increased property management charges that were receivable.
3. Other non-current assets stood at RMB2,750,873.08 as at 30 September 2022, down 93.96% compared to 1 January 2022,primarily driven by the transfer of prepayments for acquisition of equity investments to long-term equity investments upon thetransfer of the ownership of the acquiree.
4. Advances from customers stood at RMB5,115,670.44 as at 30 September 2022, up 36.62% compared to 1 January 2022,primarily driven by the increased rental advances received.
5. Contract liabilities stood at RMB627,585,735.60 as at 30 September 2022, down 54.25% compared to 1 January 2022, primarilydriven by operating revenue carryforwards.
6. Other payables stood at RMB1,430,587,443.31 as at 30 September 2022, up 39.21% compared to 1 January 2022, primarilydriven by the receipt of cooperation funds from the partner of the Yangzhou Wuhe project.
7. Other current liabilities stood at RMB51,463,595.08 as at 30 September 2022, down 33.47% compared to 1 January 2022,primarily driven by the decreased differences between prices and taxable amounts with respect to contract liabilities.
8. Selling expense stood at RMB22,161,928.56 during Q1~Q3 2022, down 42.62% compared to Q1~Q3 2021, primarily driven by
the decreased sales promotion and agent expense.
9. R&D expense stood at RMB4,159,726.32 during Q1~Q3 2022, up 737.69% compared to Q1~Q3 2021, primarily driven by theR&D expense incurred in September 2021 when the Company acquired FMC.
10. Interest income stood at RMB17,085,421.82 during Q1~Q3 2022, down 72.79% compared to Q1~Q3 2021, primarily drivenby the decreased monetary assets.
11. Asset impairment loss stood at RMB753,565.10 during Q1~Q3 2022, up 5213.83% compared to Q1~Q3 2021, primarilydriven by the increased inventory valuation allowances.
12. Credit impairment loss stood at RMB14,254,357.26 during Q1~Q3 2022, up 107.02% compared to Q1~Q3 2021, primarilydriven by the increased allowances for doubtful accounts.
13. Other income stood at RMB11,919,911.57 during Q1~Q3 2022, up 108.44% compared to Q1~Q3 2021, primarily driven bythe increased government grants and tax and levy rebates.
14. Return on investment stood at RMB613,652.55 during Q1~Q3 2022, down 85.37% compared to Q1~Q3 2021, primarilydriven by the decreased net profits of joint ventures.
15. Non-operating income stood at RMB6,728,363.44 during Q1~Q3 2022, down 48.94% compared to Q1~Q3 2021, primarilydriven by the receipt of demolition compensation during Q1~Q3 2021.
16. Changes in the fair value of other equity investments stood at RMB-108,308.41 during Q1~Q3 2022, down 169.85% comparedto Q1~Q3 2021, primarily driven by fair value changes.
17. Differences arising from the translation of foreign currency-denominated financial statements stood at RMB-810,990.20 duringQ1~Q3 2022, down 46.51% compared to Q1~Q3 2021, primarily driven by exchange rate fluctuations.
18. Net cash generated from/used in operating activities stood at RMB-40,194,271.40 during Q1~Q3 2022, representing anincrease of RMB471,184,755.20 compared to RMB-511,379,026.60 during Q1~Q3 2021, primarily driven by the payment of taxesand levies during Q1~Q3 2021.
19. Net cash generated from/used in investing activities stood at RMB-282,571,107.19 during Q1~Q3 2022, representing adecrease of RMB265,400,808.81 compared to RMB-17,170,298.38 during Q1~Q3 2021, primarily driven by the payment forequity acquisition.
20. Net cash generated from/used in financing activities stood at RMB-273,052,032.11 during Q1~Q3 2022, representing anincrease of RMB139,273,099.51 compared to RMB-412,325,131.62 during Q1~Q3 2021, primarily driven by the additional bankloans.II Shareholder Information(I) Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as wellas Holdings of Top 10 Shareholders
Unit: share
| Number of ordinary shareholders at the period-end | 46,944 | Number of preferred shareholders with resumed voting rights at the period-end (if any) | 0 | ||||||
| Top 10 shareholders | |||||||||
| Name of shareholder | Nature of shareholder | Shareholding percentage | Total shares held | Restricted shares held | Shares in pledge, marked or frozen | ||||
| Status | Shares | ||||||||
| Shenzhen Investment Holdings Corporation | State-owned corporation | 50.57% | 301,414,637 | 3,326 | |||||
| Shenzhen State-Owned | Domestic non- | 6.38% | 38,037,890 | 0 | |||||
| Equity Operation and Management Co., Ltd. | state-owned legal person | ||||||||
| China Orient Asset Management Co., Ltd. | State-owned legal person | 2.77% | 16,491,402 | 0 | |||||
| Duan Shaoteng | Domestic natural person | 0.29% | 1,755,565 | 0 | |||||
| Shenzhen Duty-Free Commodity Enterprises Co., Ltd. | Domestic non-state-owned legal person | 0.29% | 1,730,300 | 1,730,300 | |||||
| Yang Yaochu | Domestic natural person | 0.26% | 1,570,384 | 0 | |||||
| Li Xinyi | Domestic natural person | 0.25% | 1,500,000 | 0 | |||||
| Industrial and Commercial Bank of China Limited－Southern China Securities Full Index Real Estate Trading Open-ended Index Securities Investment Fund | Other | 0.22% | 1,329,734 | 0 | |||||
| Wu Wenkai | Domestic natural person | 0.22% | 1,305,000 | 0 | |||||
| Mai Furong | Domestic natural person | 0.21% | 1,230,596 | 0 | |||||
| Top 10 unrestricted shareholders | |||||||||
| Name of shareholder | Unrestricted shares held | Shares by class | |||||||
| Class | Shares | ||||||||
| Shenzhen Investment Holdings Corporation | 301,411,311 | RMB-denominated ordinary stock | 301,411,311 | ||||||
| Shenzhen State-Owned Equity Operation and Management Co., Ltd. | 38,037,890 | RMB-denominated ordinary stock | 38,037,890 | ||||||
| China Orient Asset Management Co., Ltd. | 16,491,402 | RMB-denominated ordinary stock | 16,491,402 | ||||||
| Duan Shaoteng | 1,755,565 | RMB-denominated ordinary stock | 1,755,565 | ||||||
| Yang Yaochu | 1,570,384 | Domestically listed foreign stock | 1,570,384 | ||||||
| Li Xinyi | 1,500,000 | RMB-denominated ordinary stock | 1,500,000 | ||||||
| Industrial and Commercial Bank of China Limited－Southern China Securities Full Index Real Estate Trading Open-ended Index Securities Investment Fund | 1,329,734 | RMB-denominated ordinary stock | 1,329,734 | ||||||
| Wu Wenkai | 1,305,000 | RMB-denominated ordinary stock | 1,305,000 | ||||||
| Mai Furong | 1,230,596 | Domestically listed foreign stock | 1,230,596 | ||||||
| He Simo | 1,011,750 | RMB-denominated ordinary stock | 1,011,750 | ||||||
| Related or acting-in-concert parties among the shareholders above | The first largest shareholder, Shenzhen Investment Holding Corporation, is the actual controlling shareholder of the Company and Shenzhen State-Owned Equity Operation and Management Co., Ltd. And the Company does not know whether there are related parties or acting-in-concert parties among the other 8 shareholders. | ||||||||
| Top 10 ordinary shareholders involved in securities margin trading (if any) | N/A | ||||||||
(II) Number of Preference Shareholders and Shareholdings of Top 10 of Them
□Applicable ? Not applicable
III Other Significant Events? Applicable □ Not applicable
1. Change of directors, supervisors and senior management: Mr. Dai Xianhua, the Chairman of the Supervisory Committee andShareholder Supervisor of the Company, applied for resignation from the positions of Chairman of the Supervisory Committee andsupervisor for reaching the statutory retirement age. He no longer works for the Company upon the resignation. According to theCompany’s Articles of Association, the Company held the Seventh Meeting of the Tenth Supervisory Committee and the FirstExtraordinary General Meeting of Shareholders of 2022 as well as the Eighth Meeting of the Tenth Supervisory Committeerespectively on 4 July 2022 and 20 July 2022, where Mr. Ma Hongtao was elected as the Shareholder Supervisor and Chairman ofthe Tenth Supervisory Committee, whose term of office shall begin when the relevant proposal was passed at the general meetingof shareholders and expire upon expiration of the term of office of the Tenth Supervisory Committee. For details, see theAnnouncement on Proposed Change of Supervisor of the Company (Announcement No.: 2022-29) and Announcement on Electionof Chairman of the Supervisory Committee (Announcement No.: 2022-33) disclosed by the Company on Cninfo(www.cninfo.com.cn) respectively on 5 July 2022 and 21 July 2022.
2. Progress on related-party transactions: During the Reporting Period, the audit of profits and losses during the transitional periodwas completed and all the rest of the equity transfer payments were made according to the audit results for acquisition byShenzhen International Trade Center Property Management Co., Ltd. (a wholly-owned subsidiary of the Company) of 100%equity in Shenzhen Property Management Co., Ltd., Shenzhen Shenfubao Property Development Co., Ltd., Shenzhen ShenfubaoHydropower Municipal Service Co., Ltd., Shenzhen Free Trade Zone Security Service Co., Ltd. and Shenzhen Foreign TradeProperty Management Co., Ltd. As such, all these related-party transactions have been officially concluded. For details, see theAnnouncement on Completion of Acquisition by the Wholly-owned Subsidiary of 100% Equity in Three Enterprises Owned byShenzhen Shenfubao (Group) Co., Ltd. and Relevant Related-party Transaction (Announcement No.: 2022-39), Announcement onCompletion of Acquisition by the Wholly-owned Subsidiary of 100% Equity in Shenzhen Foreign Trade Property ManagementCo., Ltd. and Relevant Related-party Transaction (Announcement No.: 2022-40), and Announcement on Completion ofAcquisition by the Wholly-owned Subsidiary of 100% Equity in Shenzhen Property Management Co., Ltd. and Relevant Related-party Transaction (Announcement No.: 2022-41) disclosed by the Company on Cninfo (www.cninfo.com.cn) respectively on 26September 2022, 28 September 2022 and 30 September 2022.
IV Quarterly Financial Statements(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by ShenZhen Properties & Resources Development (Group) Ltd.
Unit: RMB
| Item | 30 September 2022 | 1 January 2022 |
| Current assets: | ||
| Monetary assets | 1,382,884,488.62 | 2,280,822,559.38 |
| Settlement reserve | ||
| Loans to other banks and financial institutions | ||
| Held-for-trading financial assets | ||
| Derivative financial assets | ||
| Notes receivable | 0.00 | 200,000.00 |
| Accounts receivable | 419,831,334.90 | 295,184,881.92 |
| Receivables financing |
| Prepayments | 52,196,551.47 | 70,979,023.99 |
| Premiums receivable | ||
| Reinsurance receivables | ||
| Receivable reinsurance contract reserve | ||
| Other receivables | 633,694,705.90 | 925,088,673.88 |
| Including: Interest receivable | 0.00 | 292,279.16 |
| Dividends receivable | 0.00 | 0.00 |
| Financial assets purchased under resale agreements | ||
| Inventories | 10,333,640,762.38 | 9,125,134,062.27 |
| Contract assets | 490,185.85 | |
| Assets held for sale | ||
| Current portion of non-current assets | ||
| Other current assets | 66,675,479.22 | 58,996,984.81 |
| Total current assets | 12,889,413,508.34 | 12,756,406,186.25 |
| Non-current assets: | ||
| Loans and advances to customers | ||
| Debt investments | ||
| Other debt investments | ||
| Long-term receivables | 22,998,509.89 | 23,831,889.11 |
| Long-term equity investments | 50,981,826.86 | 50,360,681.37 |
| Investments in other equity instruments | 925,029.89 | 1,002,551.95 |
| Other non-current financial assets | ||
| Investment property | 449,083,596.86 | 452,419,511.17 |
| Fixed assets | 85,593,602.42 | 114,155,590.40 |
| Construction in progress | ||
| Productive living assets | ||
| Oil and gas assets | ||
| Right-of-use assets | 66,768,561.03 | 71,472,680.73 |
| Intangible assets | 1,306,762.42 | 1,753,389.33 |
| Development costs | ||
| Goodwill | 9,446,847.38 | 9,446,847.38 |
| Long-term prepaid expense | 22,248,217.25 | 22,751,829.74 |
| Deferred income tax assets | 1,388,291,648.68 | 1,279,816,590.32 |
| Other non-current assets | 2,750,873.08 | 45,571,997.85 |
| Total non-current assets | 2,100,395,475.76 | 2,072,583,559.35 |
| Total assets | 14,989,808,984.10 | 14,828,989,745.60 |
| Current liabilities: | ||
| Short-term borrowings | ||
| Borrowings from the central bank | ||
| Loans from other banks and financial institutions | ||
| Held-for-trading financial liabilities | ||
| Derivative financial liabilities | ||
| Notes payable | ||
| Accounts payable | 277,917,212.95 | 351,831,212.23 |
| Advances from customers | 5,115,670.44 | 3,744,582.25 |
| Contract liabilities | 627,585,735.60 | 1,371,850,725.60 |
| Financial assets sold under repurchase agreements | ||
| Customer deposits and deposits from other banks and financial institutions | ||
| Payables for acting trading of securities | ||
| Payables for underwriting of securities | ||
| Employee benefits payable | 183,144,831.49 | 230,618,067.23 |
| Taxes and levies payable | 3,955,911,459.81 | 3,316,590,190.34 |
| Other payables | 1,430,587,443.31 | 1,027,613,690.94 |
| Including: Interest payable | 0.00 | 0.00 |
| Dividends payable | 12,202,676.04 | 17,542,675.98 |
| Fees and commissions payable | ||
| Reinsurance payables | ||
| Liabilities directly associated with assets held for sale | ||
| Current portion of non-current liabilities | 89,246,778.50 | 83,924,701.83 |
| Other current liabilities | 51,463,595.08 | 77,355,792.16 |
| Total current liabilities | 6,620,972,727.18 | 6,463,528,962.58 |
| Non-current liabilities: | ||
| Insurance contract reserve | ||
| Long-term borrowings | 3,779,015,668.00 | 3,524,500,000.00 |
| Bonds payable | ||
| Including: Preference shares | ||
| Perpetual bonds | ||
| Lease liabilities | 78,640,386.25 | 83,081,182.89 |
| Long-term payables | 0.00 | 0.00 |
| Long-term employee benefits payable | 0.00 | 0.00 |
| Provisions | 1,014,838.19 | 1,425,490.50 |
| Deferred income | 0.00 | 0.00 |
| Deferred income tax liabilities | 239,383.87 | 307,853.79 |
| Other non-current liabilities | 131,730,718.46 | 126,059,683.08 |
| Total non-current liabilities | 3,990,640,994.77 | 3,735,374,210.26 |
| Total liabilities | 10,611,613,721.95 | 10,198,903,172.84 |
| Owners’ equity: | ||
| Share capital | 595,979,092.00 | 595,979,092.00 |
| Other equity instruments | ||
| Including: Preference shares | ||
| Perpetual bonds | ||
| Capital reserves | 80,488,045.38 | 146,986,167.70 |
| Less: Treasury stock | 0.00 | 0.00 |
| Other comprehensive income | -9,093,952.27 | -8,174,653.66 |
| Specific reserve | ||
| Surplus reserves | 29,637,548.47 | 47,574,940.18 |
| General reserve | ||
| Retained earnings | 3,628,385,764.04 | 3,800,901,413.35 |
| Total equity attributable to owners of the Company as the parent | 4,325,396,497.62 | 4,583,266,959.57 |
| Non-controlling interests | 52,798,764.53 | 46,819,613.19 |
| Total owners’ equity | 4,378,195,262.15 | 4,630,086,572.76 |
| Total liabilities and owners’ equity | 14,989,808,984.10 | 14,828,989,745.60 |
Legal representative: Liu Shengxiang Head of financial affairs: Cai LiliHead of the financial department: Liu Qiang
2. Consolidated Income Statement for Q1~Q3
Unit: RMB
| Item | Q1~Q3 2022 | Q1~Q3 2021 |
| 1. Revenues | 3,140,295,994.52 | 3,452,609,994.42 |
| Including: Operating revenue | 3,140,295,994.52 | 3,452,609,994.42 |
| Interest income | ||
| Insurance premium income | ||
| Fee and commission income |
| 2. Costs and expenses | 2,533,140,929.95 | 2,484,792,938.37 |
| Including: Cost of sales | 1,571,679,030.25 | 1,336,176,009.43 |
| Interest expense | ||
| Fee and commission expense | ||
| Surrenders | ||
| Net insurance claims paid | ||
| Net amount provided as insurance contract reserve | ||
| Expenditure on policy dividends | ||
| Reinsurance premium expense | ||
| Taxes and levies | 686,903,783.64 | 936,393,345.11 |
| Selling expense | 22,161,928.56 | 38,621,060.15 |
| Administrative expense | 210,271,281.59 | 179,466,271.85 |
| Development costs | 4,159,726.32 | 496,572.17 |
| Finance costs | 37,965,179.59 | -6,360,320.34 |
| Including: Interest expense | 54,523,243.45 | 54,703,527.86 |
| Interest income | -17,085,421.82 | -62,789,311.07 |
| Add: Other income | 11,919,911.57 | 5,718,525.26 |
| Return on investment (“-” for loss) | 613,652.55 | 4,195,903.17 |
| Including: Share of profit or loss of joint ventures and associates | 621,145.49 | 4,070,956.16 |
| Income from the derecognition of financial assets at amortized cost (“-” for loss) | ||
| Exchange gain (“-” for loss) | ||
| Net gain on exposure hedges (“-” for loss) | ||
| Gain on changes in fair value (“-” for loss) | 117,082.19 | 161,985.26 |
| Credit impairment loss (“-” for loss) | -14,254,357.26 | -6,885,600.31 |
| Asset impairment loss (“-” for loss) | -753,565.10 | 14,735.82 |
| Asset disposal income (“-” for loss) | -40,143.31 | 0.00 |
| 3. Operating profit (“-” for loss) | 604,757,645.21 | 971,022,605.25 |
| Add: Non-operating income | 6,728,363.44 | 13,178,294.26 |
| Less: Non-operating expense | 2,262,117.07 | 2,880,194.43 |
| 4. Gross profit (“-” for loss) | 609,223,891.58 | 981,320,705.08 |
| Less: Income tax expense | 165,259,517.59 | 218,229,442.85 |
| 5. Net profit (“-” for net loss) | 443,964,373.99 | 763,091,262.23 |
| 5.1 By operating continuity | ||
| 5.1.1 Net profit from continuing operations (“-” for net loss) | 443,964,373.99 | 763,091,262.23 |
| 5.1.2 Net profit from discontinued operations (“-” for net loss) | 0.00 | 0.00 |
| 5.2 By ownership | ||
| 5.2.1 Net profit attributable to shareholders of the Company as the parent (“-” for net loss) | 455,745,222.66 | 774,622,211.49 |
| 5.2.2 Net profit attributable to non-controlling interests (“-” for net loss) | -11,780,848.67 | -11,530,949.26 |
| 6. Other comprehensive income, net of tax | -919,298.61 | -398,495.47 |
| Attributable to owners of the Company as the parent | -919,298.61 | -398,495.47 |
| 6.1 Items that will not be reclassified to profit or loss | -108,308.41 | 155,048.91 |
| 6.1.1 Changes caused by remeasurements on defined benefit schemes | 0.00 | 0.00 |
| 6.1.2 Other comprehensive income that will not be reclassified to profit or loss under the equity method | 0.00 | 0.00 |
| 6.1.3 Changes in the fair value of investments in other equity instruments | -108,308.41 | 155,048.91 |
| 6.1.4 Changes in the fair value arising from changes in own credit risk | 0.00 | 0.00 |
| 6.1.5 Other | 0.00 | 0.00 |
| 6.2 Items that will be reclassified to profit or loss | -810,990.20 | -553,544.38 |
| 6.2.1 Other comprehensive income that will be reclassified to profit or loss under the equity method | ||
| 6.2.2 Changes in the fair value of other debt investments | ||
| 6.2.3 Other comprehensive income arising from the reclassification of financial assets | ||
| 6.2.4 Credit impairment allowance for other debt investments | ||
| 6.2.5 Reserve for cash flow hedges | ||
| 6.2.6 Differences arising from the translation of foreign currency-denominated financial statements | -810,990.20 | -553,544.38 |
| 6.2.7 Other | ||
| Attributable to non-controlling interests | 0.00 | 0.00 |
| 7. Total comprehensive income | 443,045,075.38 | 762,692,766.76 |
| 7.1 Attributable to owners of the Company as the parent | 454,825,924.05 | 774,223,716.02 |
| 7.2 Attributable to non-controlling interests | -11,780,848.67 | -11,530,949.26 |
| 8. Earnings per share | ||
| 8.1 Basic earnings per share | 0.7647 | 1.2997 |
| 8.2 Diluted earnings per share | 0.7647 | 1.2997 |
Where business combinations under common control occurred in the current period, the net profit achieved by the acquirees beforethe combinations was RMB9,660,510.88, with the amount for the same period of last year being RMB-44,108.93.Legal representative: Liu Shengxiang Head of financial affairs: Cai LiliHead of the financial department: Liu Qiang
3. Consolidated Cash Flow Statement for Q1~Q3
Unit: RMB
| Item | Q1~Q3 2022 | Q1~Q3 2021 |
| 1. Cash flows from operating activities: | ||
| Proceeds from sale of commodities and rendering of services | 2,452,112,485.68 | 4,372,426,317.67 |
| Net increase in customer deposits and deposits from other banks and financial institutions | ||
| Net increase in borrowings from the central bank | ||
| Net increase in loans from other financial institutions | ||
| Premiums received on original insurance contracts |
| Net proceeds from reinsurance | ||
| Net increase in deposits and investments of policy holders | ||
| Interest, fees and commissions received | ||
| Net increase in loans from other banks and financial institutions | ||
| Net increase in proceeds from repurchase transactions | ||
| Net proceeds from acting trading of securities | ||
| Tax and levy rebates | 10,245,107.61 | 27,948,289.69 |
| Cash generated from other operating activities | 1,003,380,006.44 | 345,751,964.01 |
| Subtotal of cash generated from operating activities | 3,465,737,599.73 | 4,746,126,571.37 |
| Payments for commodities and services | 2,080,004,618.42 | 3,097,884,273.83 |
| Net increase in loans and advances to customers | ||
| Net increase in deposits in the central bank and other banks and financial institutions | ||
| Payments for claims on original insurance contracts | ||
| Net increase in loans to other banks and financial institutions | ||
| Interest, fees and commissions paid | ||
| Policy dividends paid | ||
| Cash paid to and for employees | 723,775,712.61 | 669,217,725.93 |
| Taxes and levies paid | 481,776,111.23 | 1,277,016,917.14 |
| Cash used in other operating activities | 220,375,428.87 | 213,386,681.07 |
| Subtotal of cash used in operating activities | 3,505,931,871.13 | 5,257,505,597.97 |
| Net cash generated from/used in operating activities | -40,194,271.40 | -511,379,026.60 |
| 2. Cash flows from investing activities: | ||
| Proceeds from disinvestment | ||
| Return on investment | ||
| Net proceeds from the disposal of fixed assets, intangible assets and other long-lived assets | 34,519.84 | 26,112.57 |
| Net proceeds from the disposal of subsidiaries and other business units | ||
| Cash generated from other investing activities | ||
| Subtotal of cash generated from investing activities | 34,519.84 | 26,112.57 |
| Payments for the acquisition of fixed assets, intangible assets and other long-lived assets | 11,116,125.41 | 15,373,747.53 |
| Payments for investments | 271,489,501.62 | 1,822,663.42 |
| Net increase in pledged loans granted | ||
| Net payments for the acquisition of subsidiaries and other business units | ||
| Cash used in other investing activities | ||
| Subtotal of cash used in investing activities | 282,605,627.03 | 17,196,410.95 |
| Net cash generated from/used in investing activities | -282,571,107.19 | -17,170,298.38 |
| 3. Cash flows from financing activities: | ||
| Capital contributions received | 19,760,000.00 | 2,140,000.00 |
| Including: Capital contributions by non-controlling interests to subsidiaries | 19,760,000.00 | 2,140,000.00 |
| Borrowings received | 286,832,330.00 | 0.00 |
| Cash generated from other financing activities | ||
| Subtotal of cash generated from financing activities | 306,592,330.00 | 2,140,000.00 |
| Repayment of borrowings | 30,900,000.00 | 100,000.00 |
| Interest and dividends paid | 547,401,912.61 | 414,365,131.62 |
| Including: Dividends paid by subsidiaries to non-controlling interests | ||
| Cash used in other financing activities | 1,342,449.50 | 0.00 |
| Subtotal of cash used in financing activities | 579,644,362.11 | 414,465,131.62 |
| Net cash generated from/used in financing activities | -273,052,032.11 | -412,325,131.62 |
| 4. Effect of foreign exchange rates changes on cash and cash equivalents | 5,698,247.23 | -526,623.85 |
| 5. Net increase in cash and cash equivalents | -590,119,163.47 | -941,401,080.45 |
| Add: Cash and cash equivalents, beginning of the period | 1,963,988,756.69 | 4,295,302,176.70 |
| 6. Cash and cash equivalents, end of the period | 1,373,869,593.22 | 3,353,901,096.25 |
(II) Independent Auditor’s Report
Indicate by tick mark whether the financial statements above have been audited by an independent auditor.
□Yes ? No
These financial statements have not been audited by such an auditor.
Board of DirectorsShenzhen Properties & Resources Development (Group) Ltd.
31 October 2022