深圳市深粮控股股份有限公司2023年半年度报告全文
深圳市深粮控股股份有限公司SHENZHENCEREALSHOLDINGSCO.,LTD.
SEMI-ANNUALREPORT2023
【August2023】
深圳市深粮控股股份有限公司2023年半年度报告全文
SectionI.ImportantNotice,ContentsandInterpretation
BoardofDirectors,theboardofsupervisors,alldirectors,supervisorsandseniorexecutivesofSHENZHENCEREALSHOLDINGSCO.,LTD.(hereinafterreferredtoastheCompany)herebyconfirmthattherearenoanyfictitiousstatements,misleadingstatements,orimportantomissionscarriedinthisreport,andshalltakeallresponsibilities,individualand/orjoint,forthereality,accuracyandcompletionofthewholecontents.PrincipaloftheCompanyHuHaixiang,HeadofAccountingLuYuheandHeadofAccountingInstitution(AccountingSupervisors)WenJieyuherebyconfirmthattheFinancialReportofSemi-AnnualReport2023isauthentic,accurateandcomplete.AllDirectorshaveattendedtheBoardMeetingfordeliberationofthisReport.Concerningtheforward-lookingstatementswithfutureplanninginvolvedintheannualreport,theydonotconstituteasubstantialcommitmentforinvestors.SecuritiesTimes,ChinaSecuritiesJournal,andtheCNINFOwebsite(www.cninfo.com.cn)arethemediaappointedbytheCompanyforinformationdisclosure.AllinformationoftheCompanydisclosedintheabovementionedmediashouldprevail.Investorsareadvisedtoexercisecautionofinvestmentrisks.TheCompanyhasanalyzedtheriskfactorsthattheCompanymayexistanditscountermeasuresinthereport.Investorsareadvisedtopayattentiontoread“ProspectforfuturedevelopmentoftheCompany”inthereportofSectionIIIDiscussionandAnalysisoftheOperation.ThisreporthasbeenpreparedinChineseandEnglishversionrespectively.Intheeventofdifferenceininterpretationbetweenthetwoversions,Chinesereportshallprevail.TheCompanyhasnoplanofcashdividenddistributed,nocashbonusandcapitalizingofcommonreserveseithercarriedout.
深圳市深粮控股股份有限公司2023年半年度报告全文
Contents
SectionI.ImportantNotice,ContentsandInterpretation..........................................................................................................................2
SectionIICompanyProfileandMainFinancialIndexes ...... 7
SectionIIIManagementDiscussionandAnalysis ...... 11
SectionIVCorporateGovernance ...... 27
SectionV.EnvironmentalandSocialResponsibility...............................................................................................................................28
SectionVI.ImportantEvents...................................................................................................................................................................30
SectionVII.ChangesinSharesandParticularsaboutShareholders.......................................................................................................35
SectionVIII.PreferredStock...................................................................................................................................................................39
SectionIX.CorporateBonds...................................................................................................................................................................40
SectionX.FinancialReport.....................................................................................................................................................................41
深圳市深粮控股股份有限公司2023年半年度报告全文
DocumentsAvailableforReference
1.Textoffinancialstatementwithsignatureandsealsoflegalperson,personinchargeofaccountingworksandpersoninchargeofaccountinginstitution;
2.Originalandofficialcopiesofalldocumentswhichhavebeendisclosedinthereportingperiod;
3.Originalcopiesofsemi-annualreport2023withsignatureofthecompany’sprincipal.
深圳市深粮控股股份有限公司2023年半年度报告全文
Interpretation
| Items | Refersto | Contents |
| SZCH/ListedCompany/theCompany | Refersto | ShenzhenCerealsHoldingsCo.,Ltd. |
| Shenshenbao/ShenbaoCompany | Refersto | ShenzhenShenbaoIndustrialCo.,Ltd. |
| SZCG | Refersto | ShenzhenCerealsGroupCo.,Ltd |
| Doximi | Refersto | ShenzhenShenliangDoximiBusinessCo.,Ltd. |
| ShenzhenFlour,FlourCompany | Refersto | ShenzhenFlourCo.,Ltd |
| ShenliangQualityInspection | Refersto | ShenliangQualityInspectionCo.,Ltd. |
| DongguanLogistics | Refersto | DongguanShenliangLogisticsCo.,Ltd. |
| ShenbaoHuacheng | Refersto | ShenzhenShenbaoHuachengTechnologyCo.,Ltd. |
| HualianCompany | Refersto | ShenzhenHualianGrainandOilTradingCo.,Ltd. |
| ShenliangColdChain | Refersto | ShenzhenShenliangColdChainLogisticsCo.,Ltd. |
| ShenliangProperty | Refersto | ShenzhenShenliangPropertyDevelopmentCo.,Ltd. |
| ShenliangBig,BigKitchen | Refersto | ShenzhenShenliangBigKitchenFoodSupplyChainCo.,Ltd |
| PurchaseandSalesBranch | Refersto | GrainandOilPurchaseandSalesBranchofShenzhenCerealsGroupCo.,Ltd |
| DongguanOil&Food | Refersto | DongguanShenliangOil&FoodTradeCo.,Ltd. |
| ShenliangColdTransport | Refersto | ShenzhenShenliangColdTransportCo.,Ltd. |
| ShenshenbaoInvestment | Refersto | ShenzhenShenshenbaoInvestmentCo.,Ltd |
| ShenliangFood | Refersto | ShenzhenShenliangFoodCo.,Ltd. |
| ZhenpinMarket | Refersto | ZhenpinMarketOperationTechnologyCo.,Ltd. |
| WuhanJiacheng | Refersto | WuhanJiachengBiotechnologyCo.,Ltd |
| FoodMaterialsGroup/FoodGroup/FudeCapital | Refersto | ShenzhenAgricultureandFoodInvestmentHoldingGroupCo.,Ltd.,formerlyknownas“ShenzhenFoodMaterialsGroupCo.,Ltd”,“ShenzhenFoodGroupCo.,Ltd.”and“ShenzhenFudeStateCapitalOperationCo.,Ltd”,istheControllingshareholderofthecompany. |
| AgriculturalProducts | Refersto | ShenzhenAgriculturalProductsGroupCo.,Ltd |
| SIHC | Refersto | ShenzhenInvestmentHoldingsCo.,Ltd. |
| ShenzhenSASAC | Refersto | ShenzhenMunicipalPeople’sGovernmentState-ownedAssetsSupervision&AdministrationCommission |
| CSRC | Refersto | ChinaSecuritiesRegulationCommission |
| SSE | Refersto | ShenzhenStockExchange |
深圳市深粮控股股份有限公司2023年半年度报告全文
| ShuLunPanCPAs | Refersto | BDOChinaShuLunPanCertifiedPublicAccountantLLP |
| ArticleofAssociation | Refersto | ArticleofAssociationofShenzhenCerealsHoldingsCo.,Ltd. |
| RMB/10thousandYuan | Refersto | CNY/tenthousandYuan |
深圳市深粮控股股份有限公司2023年半年度报告全文
SectionIICompanyProfileandMainFinancialIndexes
I.Companyinformation
| Shortformforshare | SZCH,ShenliangB | Stockcode | 000019,200019 |
| Listingstockexchange | ShenzhenStockExchange | ||
| ChinesenameoftheCompany | 深圳市深粮控股股份有限公司 | ||
| Abbr.ofChinesenameoftheCompany | 深粮控股 | ||
| EnglishnameoftheCompany(ifapplicable) | SHENZHENCEREALSHOLDINGSCO.,LTD | ||
| LegalRepresentative | HuXianghai | ||
II.Person/Waytocontact
| SecretaryoftheBoard | Rep.ofsecurityaffairs | |
| Name | ChenXiaohua | ChenKaiyue,LiuMuya |
| Contactadd. | 13/F,TowerA,WorldTradePlaza,No.9FuhongRd.,FutianDistrict,Shenzhen | 13/F,TowerA,WorldTradePlaza,No.9FuhongRd.,FutianDistrict,Shenzhen |
| Tel. | 0755-83778690 | 0755-83778690 |
| Fax. | 0755-83778311 | 0755-83778311 |
| chenxh@slkg1949.com | chenky@slkg1949.com,liumy@slkg1949.com |
III.Informationdisclosureandpreparationplace
| WebsiteoftheStockExchangewheretheannualreportoftheCompanyisdisclosed | SecuritiesTimes;ChinaSecuritiesJournal |
| MediaandWebsitewheretheannualreportoftheCompanyisdisclosed | JuchaoWebsite:www.cninfo.com.cn |
| Preparationplaceforannualreport | OfficeoftheBoardofDirectors |
IV.RegistrationchangesoftheCompany
深圳市深粮控股股份有限公司2023年半年度报告全文
III.Otherinformation
1.CompanycontactinformationHastheregisteredaddress,officeaddress,postalcode,website,emailaddress,etc.ofthecompanychangedduringthereportingperiod?
□Applicable?NotapplicableTheregisteredaddress,officeaddress,postalcode,website,andemailaddressofthecompanyremainedunchangedduringthereportingperiod.Pleaserefertothe2022annualreportfordetails.
2.InformationdisclosureandlocationHastheinformationdisclosureandlocationchangedduringthereportingperiod?
□Applicable?NotapplicableThewebsiteandmedianameandwebsiteofthestockexchangewherethecompanydiscloseditssemi-annualreport,andtheplaceofplacementofthecompany’ssemi-annualreportremainsunchangedduringthereportingperiod,asdetailedinthe2022annualreport.
3.OtherrelevantinformationIsthereanychangeinotherrelevantinformationduringthereportingperiod?
□Applicable?Notapplicable
IV.Mainaccountingdataandfinancialindexes
IstheCompanyrequiredtoretrospectivelyadjustorrestateprioryear’saccountingdata?
□Yes?No
| Amountincurrentperiod | Amountinlastperiod | Year-on-yearincrease(+)/decrease(-) | |
| Operationincome(RMB) | 2,831,996,801.82 | 4,338,044,528.35 | -34.72% |
| Netprofitattributabletoshareholdersofthelistedcompany(RMB) | 168,149,768.31 | 237,527,782.93 | -29.21% |
| Netprofitattributabletoshareholdersofthelistedcompanyafterdeductingextraordinarygains/losses(RMB) | 159,103,953.25 | 227,132,288.75 | -29.95% |
| Netcashflowsarisingfromoperatingactivities(RMB) | 83,503,352.21 | 260,373,502.86 | -67.93% |
| Basicearningspershare(RMB/Share) | 0.1459 | 0.2061 | -29.21% |
| Dilutedearningspershare(RMB/Share) | 0.1459 | 0.2061 | -29.21% |
| WeightedaverageROE | 3.47% | 5.00% | -1.53% |
深圳市深粮控股股份有限公司2023年半年度报告全文
| Endingbalanceofcurrentperiod | Endingbalanceoflastperiod | Year-on-yearincrease(+)/decrease(-) | |
| Totalassets(RMB) | 7,579,279,609.50 | 7,441,334,674.98 | 1.85% |
| Netassetsattributabletoshareholdersoflistedcompany(RMB) | 4,643,162,339.43 | 4,762,973,461.81 | -2.52% |
V.DifferenceoftheaccountingdataunderaccountingrulesinandoutofChina
1.Differenceofthenetprofitandnetassetsdisclosedinfinancialreport,underbothIAS(InternationalAccountingStandards)andChineseGAAP(GenerallyAcceptedAccountingPrinciples)
?Applicable□Notapplicable
Unit:RMB/CNY
| NetprofitattributabletoshareholdersofthelistedCompany | NetassetsattributabletoshareholderoflistedCompany | |||
| Currentperiod | Lastperiod | Endingamount | Openingamount | |
| ChineseGAAP | 168,149,768.31 | 237,527,782.93 | 4,643,162,339.43 | 4,762,973,461.81 |
| ItemsandamountadjustedbyIAS | ||||
| Adjustmentforotherpayablefundofstockmarketregulation | 1,067,000.00 | 1,067,000.00 | ||
| IAS | 168,149,768.31 | 237,527,782.93 | 4,644,229,339.43 | 4,764,040,461.81 |
2.Differenceofthenetprofitandnetassetsdisclosedinfinancialreport,underbothforeignaccountingrulesandChineseGAAP(GenerallyAcceptedAccountingPrinciples)
□Applicable?NotapplicableTheCompanyhadnodifferenceofthenetprofitornetassetsdisclosedinfinancialreport,undereitherforeignaccountingrulesorChineseGAAP(GenerallyAcceptedAccountingPrinciples)inthereportingperiod.
3.ExplanationondifferenceoftheaccountingdataunderaccountingrulesinandoutofChina
□Applicable?NotapplicableVI.Itemsandamountsofextraordinarygains/losses
?Applicable□Notapplicable
InRMB
| Item | Amount | Note |
| Gains/lossesfromthedisposalofnon-currentasset(includingthewrite-offthataccruedforimpairmentofassets) | 1,587,775.37 | |
| Governmentalgrantsreckonedintocurrentgains/losses(exceptforthosewithnormaloperationbusiness | 5,788,072.14 |
深圳市深粮控股股份有限公司2023年半年度报告全文
| concerned,andconformtothenationalpolicies®ulationsandarecontinuouslyenjoyedatafixedorquantitativebasisaccordingtocertainstandards) | ||
| Profitandlossofassetsdelegationonothers’investmentormanagement | 3,107,648.76 | |
| ExceptfortheeffectivehedgingoperationsrelatedtonormalbusinessoperationoftheCompany,thegains/lossesoffairvaluechangesfromholdingthetradablefinancialassetsandtradablefinancialliabilities,andtheinvestmentearningsobtainedfromdisposingthetradingfinancialasset,tradingfinancialliabilityandfinancialassetsavailableforsale | 174,961.34 | |
| Othernon-operatingincomeandexpenditureexceptfortheaforementioneditems | 143,428.04 | |
| Less:Impactonincometax | 1,679,903.52 | |
| Impactonminorityshareholders’equity(post-tax) | 76,167.07 | |
| Total | 9,045,815.06 | -- |
Specificinformationonotheritemsofgains/lossesqualifiedthedefinitionofextraordinarygains/losses
□Applicable?NotapplicableTheCompanydoesnothaveotheritemsofgains/lossesqualifiedthedefinitionofextraordinarygains/lossesInformationonthedefinitionofextraordinarygains/lossesthatlistedintheQ&AAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic---ExtraordinaryGains/Lossesastherecurringgains/losses.
□Applicable?NotapplicableTheCompanydoesnothaveanyextraordinarygains/losseslistedundertheQ&AAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic---ExtraordinaryGains/Lossesdefinedasrecurringgains/losses.
SectionIIIManagementDiscussionandAnalysisI.MainbusinessesoftheCompanyduringthereportingperiod
MainbusinessoftheCompanyincludesthewholesaleandretailbusiness,foodprocessingandmanufacturingbusiness,leasingandcommerceservicebusiness.Thewholesaleandretailbusinessaremainlyrice,wheat,riceinthehusk,corn,sorghum,cookingoilandothervarietiesofgrainandoilaswellasthesalesoffinetea,beverageandcondiment.Duringthereportingperiod,thecompanyovercamemanyadversefactorssuchasdeclineinmarketdemandandfluctuationofgrainprice,tookmultiplemeasurestoensuresupplyandstablesupply,andcontinuedtooptimizetheproducts,strengthenthebrandandexpandthemarket.Mainlysuppliedwheat,rice,corn,barley,sorghumandotherrawgraintocustomerssuchastheindustry'slargetraders,feedprocessingandflourprocessingenterprisesandsoon;mainlysoldrice,flour,cookingoil,high-qualitytea,beveragesandotherproductstodemandunitsandcommunityresidents.Foodprocessingandmanufacturingbusinessaremainlytheprocessingthetechnologyresearchinaspectofflour,rice,cookingoil,teaandnaturalplantextracts,beverageandcondimentsetc.Thecompany’sflourbrandsandproductsinclude“Jinchangman”,“Yingshanhong”and“Hongli”seriesbreadflour;“Clivia”and“Canna”seriestailoredflourforcakesandsteamedbun;“Sunflower”wheatflourfornoodlesandcookieflour;“Tianlvxiang”wheatflourforbread,refinedflouranddumplingflouretc.;Riceproductsinclude“ShenliangDoximi”,“Guzhixiang”,“Gufengxianman”,“Runxiangliangpin”,“Hexiang”and“TaitaiFukou”etc.Cookingoilproductsincludebrandssuchas“ShenliangFuxi”,“ShenliangJinxi”and“Youtian”etc.Teabrandsmainlyinclude“JuFangYong”tea;“Yichong”freshextract,“Jindiao”instantteapowderandotherteadeep-processedproducts,aswellas“Shenbao”chrysanthemumtea,lemontea,and“ChaMiXiangQi”andotherseriesofteadrinks.Condimentsaremainly“Sanjing”oystersauceandsauces.Severalbrandshaveformedproductseries,including“SZCHYushuiqing”rice,noodles,oil,andcoarsecerealsseries,“Jiaxi”rice&noodlesseries,“Jinchangman”noodles&oilseries,Black-facedSpoonbilltea,rice,oil,drinkingwater,non-staplefoodandcondimentseries,etc.,andthelaunchofYueqiuteawinecontinuestoenrichtheproductstructure.
Theleasingandbusinessservicereferstoprovidingtheprofessionalimport&exporttrade,warehousing&storage,logistic&distribution,qualityinspection&informationtechnologyservices,propertyleasingandmanagement,businessoperationmanagementservicesforallkindsofclientsintheupstreamanddownstreamoftheindustrialchain,byusingtheadvantageofbrandreputation,operationservicecapacityandfacilitytechnologythataccumulatedinfieldofgrainandoilmarket.Dongguansmartgainlogisticscomplexisacomprehensivegraindistributionservicebodyintegratingfivemajorfunctions:grain&oilterminal,transitreserve,testing&distribution,processing&productionandmarkettrading;ShenliangQualityInspectionwasawardedas“GuangdongShenzhenNationalGrainQualityMonitoringStation”.thesubsidiaryShenliangColdChain
providescoldchainoffoodstorageanddistributionservicestothecustomers,andShenliangPropertyisaprofessionalassetsmanagementplatformenterprise.
II.CoreCompetitivenessAnalysis
Thecompanyenhancestheendogenouspowerbydeepeningreform,strengthensthe“extensive”developmentbyinnovationcooperation,andcontinuouslyupgradesandtransformsthegovernancepattern,developmentquality,andguaranteeability,andhasembarkedonapathofsustainableandhigh-qualitydevelopmentthroughself-innovation,andbecomeahighlycompetitive,innovativeandinfluentialbackbonegrainenterpriseinthedomesticgrainindustry.1．Operationmechanism
Thecoremanagementteamofthecompanyhasrichexperience,andhasastrongstrategicvisionandpragmaticspirit.CombinedwiththeactualdevelopmentoftheCompany,formulatedasetofeffectivemechanismstopromotethequalityandefficiencyofbusinessdevelopment.Thecompanyvigorouslypromotestheinnovationandtransformationofbusinessmodels,andactivelypromotesthetransitionfrom“trade-orientedenterprises”to“service-orientedenterprises”,andfrom“operationalmanagementandcontrol”to“strategicmanagementandcontrol”.Inbusinesscontrol,throughtheowninformationmanagementsystem,realizesaseamlesslinkbetweenthe“operation”and“planning,capital,qualityinspection,inventory,riskcontrolanddiscipline”,buildingastrict“six-in-one”systemofcontrollingtoeffectivelyreducetheoperationalriskswhilefullyparticipatinginthemarketcompetition,andachievingadeepintegrationof“ensuringgrainsecurity”and“promotingdevelopment”.Throughdeeplypromotesthestrategyof“talentstrengtheningtheenterprises”,continuouslyinnovativetalenttrainingmechanismtocreatesahigh-qualitytalentsupplychain,thecompanyhasestablishedanopentalentteamtomeetthelong-termdevelopmentofenterprisesandreserveintelligencefortheenterpriseupgradinganddevelopment.ThecompanyhasinnovatedandimplementedtheEVAperformanceappraisalmechanismandestablishedaresult-orientedincentiveandrestraintassessmentmechanismwhicheffectivelybuilttheperformancecultureandstimulatedtheviabilitywithintheenterprise.Thecompanyinsistsoncultivatingandadvocatingthecorporateculturewith“people-oriented,performancefirst,excellentquality,andharmony”asthecorevalues,combinesthepersonaldevelopmentgoalsofemployeeswiththecorporatevision,andenhancesthecohesivenessandcentripetalforceoftheenterprise.2．Businessmodel
Thecompanydeeplyengagesinsegmentingthetargetmarket,providesdiversifiedproductsupplyservicesforcustomersindifferentareasoftheindustrychain,establishesamulti-levelproductsupplynetworkcoveringonlineandoffline,andrealizesthetransformationofproductsupplyto“remoteness,intelligentization,andself-service”.Intermsofgrainandoiltradingservices,thebulkcommoditytradingplatformwww.zglsjy.com.cncreatedbyitssubsidiaryHualianCompanyefficientlyintegratesbusinessflow,logistics,andinformationflow,improvescirculationefficiency,andprovidesspotlistings,one-waybidding,basisprice,financing,logistics,qualityinspection,informationandotherservicesforinternalbusinessunits,suppliersandcustomers.Intermsof
e-commerce,SZCHDoximiactivelypromotesthedevelopmentofnewgrainretailformatssuchas“Internet+Grain”and“CommunityAutomaticGrainSalesStations”,andhasopenedchannelsone-commerceplatformssuchasTmallandJingdongMallsoastopromotethedeepintegrationofonlineandofflinee-commerceplatforms.Intermsofgroupmealsupply,itssubsidiarySZCHBeigehasestablishedaone-stopdistributionserviceplatformservinglargeendcustomers,providinghigh-qualityandsafesmartgroupmealfoodservicesforgroupuserssuchasenterprises,schools,andgovernmentinstitutions.Intermsofcomprehensiveteadrinkingservices,itssubsidiaryShenbaoInvestmenthaslaunchedamicro-complex“ChaMiXiangQi”withacombinationof“lightdrinks”,“lightfood”and“lightretail”functions.3．Informationtechnology
Thecompanyattachesgreatimportancetothetransformationandupgradingoftraditionalindustrieswithmoderntechnologicalmeans,andactivelyintroducesnew-generationinformationtechnologiessuchastheInternetofThings,cloudcomputing,bigdata,andmobileInternetintograinmanagement,forminganinformationsystemthatcancovertheentireindustrialchainofthegrainindustry,andpromotingthe“Internet+Grain”industrydevelopment.Thecompany’sinformatizationconstructioncapabilityisattheleadinglevelinthegrainreservesindustry,takingtheleadinbuildingthewarehousemanagementof“standardization,mechanization,informatization,andharmlessness”intheindustry,theself-developed“GrainLogisticsInformationSystem(SZCGGLS)”hasbuiltaframeworkfortheconstructionofgraininformatizationwork,innovatedthegrainmanagementmodel,ledthedevelopmentdirectionofthegrainindustry,andbecameabenchmarkforthenationalgrainindustry.Theprojectwasawardedthe“NationalIoTMajorApplicationDemonstrationProject”bytheNationalDevelopmentandReformCommissionandtheMinistryofFinance.Thecompanyhasundertakenanumberofnational-levelresearchprojects,theresultsofanumberofinformatizationprojectshavewonnational,provincialandmunicipalawards,anddozensofinformationsystemshavebeendevelopedandareoperatingnormally.4．R&Dcapabilities
Thecompanyhasstrongresearchanddevelopmentcapabilitiesinthefieldoffoodandbeverage,andgathersleadingtechnologicaladvantagesandequipmentsystems.ThesubsidiaryShenbaoHuachengownstheJiangxiprovincialenterprisetechnologycenter,Shenzhenmunicipalresearchanddevelopmentcenter(technologycenter)andShenzhenplantdeepprocessingtechnologyengineeringlaboratoryandhaveobtainednationalhigh-techenterprisecertification.Andalsoownsoverfiftypatentedtechnologiesforteapowder,teaconcentratedjuiceandplantextractionindependentlyresearchedanddeveloped,publishedmorethanthirtyofscientificpapers,andwonanumberofawardssuchasScienceandTechnologyProgressAwardoftheMinistryofAgriculture,ShennongChineseAgriculturalScience&TechnologyAwardoftheChinesSocietyofAgriculture,Science&TechnologyAchievementAwardofChineseAcademyofAgriculturalSciences,ScienceandTechnologyAwardofChinaNationalLightIndustryCouncil,ZhejiangScienceandTechnologyAward,JiangxiScienceandTechnologyProgressAwardandShenzhenScience&TechnologyProgressAward,etc.,presidedoverorparticipatedinthepreparationofanationalstandards“GBT21733-2008TeaBeverages”andtwoindustrystandards,i.e.“TeaConcentratesforFoodIndustry-LightIndustryStandardQB-T4068-2010”and“InstantTeaforFoodIndustry-
LightIndustryStandardQB-T4067-2010”.WuhanJiachengCompanyisanational-levelhigh-techenterprise,asupportingunitofHubeiFoodFermentationEngineeringTechnologyResearchCenter,akeybackboneenterpriseinthenationalbiologicalfermentationindustry,aunitundertakingnationalagriculturaltransferfunds,innovationfunds,andmajorkeyprojects,andhasparticipatedindraftinganumberofnationalstandards,industrydevelopmentplansandrelatedpolicies,andhaspublisheddozensofpapers,monographs,andhasanumberofnationalpatentsforinvention.5．Qualitycontrol
Thecompanyimplementsgrainandoilqualitystandardsthatarehigherthannationalstandards.ThesubordinateShenliangQualityInspectionhastheleadinggrainandoilqualityinspectiontechnologyandequipmentinthedomesticgrainindustry,andisincludedinthenationalgrainqualitysupervisionandinspectionsystem.Itwasawardedthe“GuangdongShenzhenNationalGrainQualityMonitoringStation”bytheStateAdministrationofGrainandobtainedtheassessmentcertificateofagriculturalproductqualityandsafetyinspectionagency(CATL)andthequalificationcertificateofinspectionagency(CMA)etc,andpassedthecertificationof950testingcapabilityitems.ShenliangQualityInspectionlistspesticideresidues,heavymetalpollutants,fungaltoxinsandotherhygieneindicatorsaswellasfoodtasteindicatorsinthedailyinspectionindicators.Ithastheabilitytodetectfourtypesofindicatorsofgenericquality,storagequality,foodsecurity&qualityandotherfourtypesofindicatorsoftestingcapacity.Thedetectioncapabilitycanmeettherelevantqualitydetectionrequirementsofgrainandoilproducts,andcanaccuratelyanalyzethenutritionalcompositionandhygienicindicatorsofthegrainanddetermineitsstorageandediblequality.Ithascreatedthe“digitallaboratory”inthegrainindustry,real-timemonitoringoftheentireprocessofcuttings,testing,distribution,etc.,relyingoncollaborativeplatformstosave,retrieve,integrate,analyzeandsharegrainandoiltestingdatatoachieve100%coverageofgrain&oilproductinspection.Hastheinternationallyrecognizedqualitycontrolsystem.ItssubsidiaryShenbaoHuachengCompanyhasestablishedaqualitycontrolsystemrecognizedbylargeinternationalfoodandbeveragecompanies,andhassuccessfullypassedthequalitycertificationofglobalsuppliersofCoca-Cola,Lipton,Kraft,Suntory,andNestlé.SubsidiaryWuhanJiachengCompany’sseriesofproductshavepassedthecertificationofEuropeanOrganicProducts(EOP),USNationalOrganicProgramandotherrelevantsystemcertification,andalsoobtainedtheproductregistrationcertificateofRussianredcurrantandspecialregistrationcertificateofUSFDAproductsforimport,etc.6．Brandeffect
Thecompanywasawardedthe“Top500ServiceEnterprisesinChina”,“China’sMostInfluentialGrain&OilGroup”,“ChinaTopTenGrainandOilGroups”,“ChinaTop100GrainandOilEnterprises”,“NationalLeadingEnterpriseSupportingGrainandOilIndustrialization”,“NationalQualityBenchmark”and“Top10FoodDigitalTechnologyApplications”.Ithasbeenselectedasoneofthe“FirstBatchofNationalEmergencyFoodSecurityEnterprises”,“Top100AgriculturalIndustrializedHeadEnterprisesinChina”,“Top10HeadEnterpriseintheGrainIndustry”and“TheNationalDemonstrationEnterpriseofAssuredGain&OilDemonstrationProject”,etc..Itisthe“RiceBag”trustedbythepublic.Strengthenbrandleadership,activelyexploreandcultivateexcellentpublicbrands,relyonqualitytowinrecognition,reputationandmarketshare,andformaseries
ofhigh-qualitygrainandoilproductscenteredonChinaGoodGrainandOil,ShenzhenWell-knownBrands,andShenzhenProducts.Thecompanyownswell-knownbrandsandplatforms,suchas“ShenzhenFlour”,“SZCHDuoxi”,“SZCHYushuiqing”,“BigKitchen”,“ShenbaoTeabank”,“JuFangYong”,“ChaMiXiangQi”,“Sanjing”,“www.zglsjy.com.com”,and“doximi.com”,andgraduallybuildanindustrialsystemwithcomplete“rice”+“tea”elements.
IV.MainbusinessanalysisOverview2023isthefirstyeartofullyimplementthespiritofthe20
th
NationalCongressoftheCPC.Inthefaceofcomplexdomesticandinternationalsituations,thecompanycloselyfocusedonthestrategicgoalof“becomingasmartgrain,oilandfoodsupplychainqualityserviceprovider”,adheredtothegeneraltoneofseekingprogresswhilemaintainingstability,firmlygraspedtheprimarytaskofhigh-qualitydevelopment,gatheredstrengthtostrengthenthecoordinationof“production,purchase,storageandmarketing”ofgrain,didasolidjobininfrastructureconstruction,improvedtheconstructionofsystemsandmechanisms,betterbalanceddevelopmentandsafety,focusedonmakingupdeficiencies,strengtheningweaklinks,consolidatingfoundationandgivingfullplaytoadvantages,andeffectivelyenhancestheabilitytoensurethesafetyofthegrainindustrialchainandsupplychain.Inthefirsthalfof2023,thedemandofthegrainandoilmarketcontinuedtodecline,andtheglobalpricesofbulkwheat,corn,greaseandoildroppedsignificantly.Thesalesandgrossprofitsofwheatandotherrawgrainofthecompanydecreased,togetherwiththerotationofhigh-pricecrudeoilinstock,weakflourmarketdemandandimportquotawheatprofitslowdown,thecompanyachievedoperatingrevenueof2.832billionyuaninthefirsthalfoftheyear,withtheyear-on-yeardecreaseof34.72%;thetotalprofitwas214millionyuan,withtheyear-on-yeardecreaseof11.31%;thenetprofitattributabletoshareholdersoflistedcompanieswas168millionyuan,withtheyear-on-yeardecreaseof29.21%.1．Progressofkeyprojects
Atthebeginningoftheyear,theNortheastGrainSourceBasecompletedthedryingandwarehousingofmorethan30,000tonsofnewgrainpurchasedintheautumnoflastyear,andinspectednearly1,000carloads,allofwhichmetthequalitystandardsofnationalgrainreserves;upgradedandoptimizedriceprocessingcapacitytomeettheprocessingneedsofmultiplevarieties,andcompletedtheproductiontaskof11,000tons.
TheA2andA3plotprojectsofDongguangrainlogisticsnodecompletedthemainstructurecapping,whichisexpectedtobecompletedinthesecondhalfofthisyear,andtheNo.3berthprojectisbeingaccelerated;toadapttothedevelopmenttrendoflargerships,No.1andNo.2berthsimplementedberthingwithlessload,andthetypeofberthingshipshasbeenupgradedfrom10,000tonsto20,000tons.AsoftheendofJune,437shipshavebeenloadedandunloadedatthedock,including11shipsabove10,000tons,withthemaximumdeadweightofasingleship16,800tons,andthethroughputofthedockhasreached1.062milliontons.2．Sustainedinnovationanddevelopment
Guidedbybuildingaworld-classenterprise,thecompanyfocusedontacklingkeycoretechnologiesandpromotedtheapplicationofinnovativeachievements;onthebasisoftheexistingsystemdataandapplicationsystem,graduallypromotedtheestablishmentofstandardandunifieddatabase,constructeddatasubjectdomain,andrealizedthedataacquisition,cleaningandmanagementofthebusinesssystem;Organizetheapplicationof2023innovationsupportprojectsandtechnicaltransformationsupportprojects;twoinventionpatentsof“Agrainsamplingmanagementmethod,systemandserver”and“Positioningmethod,device,storagemediumandterminalequipmentbasedonvideoinformation”havebeenauthorizedbynationalpatentannouncement;workedwithHenanUniversityofTechnologyandrelatedinstitutionstocarryouttheprojectof“KeyInformationTechnologyandApplicationofGrainReserveSecurity”project;promotedtheestablishmentofqualitycontrolsystemandproductionprocessstudyofredyeastrice.
“SZCG”wonthehonorarytitleofShenzhenFamousBrand(2023-2025);BigKitchenwonthetitleof“ShenzhenKeyAgriculturalLeadingEnterprise”and“the11
th
BatchofNationalAssuredGrainandOilDemonstrationProcessingEnterprise”;ShenbaoHuachengwasawarded“2023ShenzhenSRDISmallandMedium-sizedEnterprise”,“2022InnovativeSmallandMedium-sizedEnterprise”,anditsGuangdongTeaDeepProcessingEngineeringTechnologyResearchCenterwascertifiedthe2022GuangdongEngineeringTechnologyResearchCenterbytheDepartmentofScienceandTechnologyofGuangdongProvince.FreshextractLR607162andinstantblackteapowderHCP63408wonthefirstandsecondprizesofJiangxiProvince2022ExcellentNewProductsrespectively;WuhanJiachengwascertifiedasastate-levelsmallandmedium-sizedscienceandtechnologyenterprise,andwontheprizesubsidyofWuhanHigh-techEnterprise.Theworkshoptechnicaltransformationprojectofitsfunctionalredyeastriceproject(TraditionalChinesemedicinedecoctionpieceproductionline)hasbeensuccessfullycompleted,andtheGMPworkshopcertificationapplicationisunderway.
3．Otherkeyworks
(1)Thepurchasingandmarketingcompanywithstoodthepressureofstoragecapacitypositions,overcamethe
difficultyofrotation,andwellcompletedthericereserveservice.AftertheflourproductionlineofDongguanOil&Foodisofficiallyputintooperation,thefloursmallpackagingproductioncapacityofSZCGhasbeengreatlyimproved.ShenliangColdTransportwalksoutoftheBayAreainvirtueof“freshcloudwarehouse+packagedelivery”,andthe“overnightdelivery”hascoveredmultipleprovinces.Doximicontinuedtodeepencooperation,strengthenedsupportmarket,andintroducedanumberofsupportproducts;activelyparticipatedinlargeenterprisesandemployeewelfareinternalpurchaseplatform,withsignificantgrowthinTmallstoremembersales.The“Zhenpin”marketizationprojectisprogressingsteadily,thesmartZhenpinsupplychainmanagementserviceplatformhasenteredtrialoperation,builtalargescreenofdatamanagement,andthemarketizationordertransactionshaveexpandedrapidly;theproductlibraryofBigCompanypreparedfood,ShenbaoHuachenginstantteaconcentrate,freshextract,ShenbaoInvestmentteagift,ShenbaoSanjingFOOD&BEVERAGEoystersaucecontinuestoenrich.
(2)Adheredtoscienceandtechnologyfirst,implementthestrategyof“grainstorageintechnology”,actively
appliedgrainstoragebytechnologyandgreengrainstorage,vigorouslypromotedtheconstructionofautomatedstoragefacilitiessuchasquasi-lowtemperaturestorageandcentralizedtemperaturecontrolledgrainstoragesystem,reducedlossesandconsumption,andrealizedthehigh-qualitydevelopmentfrom“safegrainstorage”to“greenstorage”.
(3)ParticipatedintheformulationofnationalstandardWheatandindustrystandardsGrainStorage:Technical
SpecificationforRiceStorageandGrainandOilsInspection:DeterminationofWaterSoakingCrackedKernelsofRice;proposessuggestionsfortherevisionofprovincialandmunicipalreservesystems,manyofwhichhavebeenadopted.
(4)Startedcompanyinstitutionaldocumentsortingandcompilation,strengthenedtheabolishment,modification,
formulationandinterpretationofsystemsofgrainreserve,finance,capital,investment,propertyrights,engineering,internalcontrol,quality,safetyandpersonnel,wovenanall-round“net”forthesystems,furtheroptimizedcorporategovernancestructureandregulatedoperationofthecompany.
(5)Strictlyimplementedthetransmissionmechanismof“threemanagementandthreemust”and“Partyand
administrationco-responsibilitysystem,onepostwithtworesponsibilities,accountabilityforderelictionof
duty”,emphasizedindividualresponsibility,highlightedpersonalduties,consolidatedownworksafetypositions,andstrengthenedsafetyredlineawarenessandbottomlinethinking.Year-on-yearchangesinmajorfinancialdata
InRMB
| Amountincurrentperiod | Amountinlastperiod | Year-on-yearincrease(+)/decrease(-) | Reason | |
| Operationincome | 2,831,996,801.82 | 4,338,044,528.35 | -34.72% | Mainlyduetoweakdemandinthegrainandoilmarketanddownwardtradesalesofgrainandoil |
| Operationcost | 2,357,438,707.57 | 3,775,825,625.81 | -37.56% | Mainlyduetoweakdemandinthegrainandoilmarket,downwardtraderevenueofgrainandoil,andacorrespondingdecreaseinsalescosts |
| Salesexpense | 81,081,244.08 | 79,331,081.69 | 2.21% | |
| Administrationexpenses | 104,657,015.04 | 125,631,541.74 | -16.70% | Mainlyduetothedecreaseincompensationexpensescalculatedbythecompanybasedonoperatingperformance |
| Financialexpenses | 20,808,115.34 | 28,009,628.45 | -25.71% | Mainlyduetodecreaseinloaninterest |
| Incometaxexpense | 46,217,947.45 | 2,958,666.41 | 1,462.12% | Mainlyduetotheincreaseinincometaxexpensesconfirmedbasedonfinalsettlementandpaymentinthecurrentperiod |
| R&Dexpenses | 9,432,745.24 | 10,137,177.77 | -6.95% | |
| Netcashflowsarisingfromoperatingactivities | 83,503,352.21 | 260,373,502.86 | -67.93% | Mainlyduetoadecreaseinthenetinflowofadvancereceiptsfromthecompany'sgrainandoiltrading |
| Netcashflowsarisingfrominvestingactivities | -255,045,437.38 | -25,369,682.63 | -905.32% | Mainlybecausethecompany’sexpenditureonpurchasingwealthmanagementproductswithidlefunds |
| Netcashflowsarisingfromfinancingactivities | 215,116,463.60 | -212,953,478.35 | 201.02% | Mainlyduetotheincreaseinoperatingloansinthecurrentperiod |
| Netincreaseofcashandcashequivalents | 47,016,660.48 | 22,090,601.62 | 112.84% |
Significantchangesinthecompositionorsourceofprofitsofthecompanyduringthereportingperiod
□Applicable?NotapplicableTherehavebeennosignificantchangesinthecompositionorsourceofprofitsofthecompanyduringthereportingperiod.Compositionofoperationrevenue
InRMB
| Amountincurrentperiod | Amountinlastperiod | Year-on-yearincrease(+ | ||
| Amount | Ratioinoperation | Amount | Ratioinoperation | |
| revenue | revenue | )/decrease(-) | |||
| Totaloperationrevenue | 2,831,996,801.82 | 100% | 4,338,044,528.35 | 100% | -34.72% |
| Byindustry | |||||
| Wholesaleandretail | 1,970,880,248.72 | 69.59% | 3,409,189,664.66 | 78.59% | -42.19% |
| Leasingandbusinessservices | 487,158,541.41 | 17.20% | 470,365,451.05 | 10.84% | 3.57% |
| Manufacturing | 373,958,011.69 | 13.21% | 458,489,412.64 | 10.57% | -18.44% |
| Byproduct | |||||
| Grain&oiltradingandprocessing | 2,217,815,907.14 | 78.31% | 3,754,406,530.76 | 86.55% | -40.93% |
| Grain&oilstoragelogisticsandservices | 428,675,200.44 | 15.14% | 439,642,478.40 | 10.13% | -2.49% |
| Food,beverageandteaprocessing | 125,895,974.09 | 4.45% | 113,272,546.54 | 2.61% | 11.14% |
| Leasingandothers | 59,609,720.15 | 2.10% | 30,722,972.65 | 0.71% | 94.02% |
| Byregion | |||||
| Domesticmarket | 2,814,438,937.19 | 99.38% | 4,313,917,094.98 | 99.44% | -34.76% |
| Export | 17,557,864.63 | 0.62% | 24,127,433.37 | 0.56% | -27.23% |
Theindustries,products,regionsorsalesmodelaccountingforover10%oftheCompany’soperationrevenueoroperationprofit?Applicable□Notapplicable
InRMB
Incaseofchangesinthestatisticalcaliberofprincipalbusinessdatainthereportingperiod,theCompanywillrefertotheprincipalbusinessdataafteradjustmentinrecent1year:
□Applicable?NotApplicable
| Operationrevenue | Operationcost | Grossprofitratio | Year-on-yearincrease(+)/decrease(-)ofoperationrevenue | Year-on-yearincrease(+)/decrease(-)ofoperationcost | Year-on-yearincrease(+)/decrease(-)ofgrossprofitratio | |
| Byindustry | ||||||
| Wholesaleandretail | 1,970,880,248.72 | 1,870,818,136.27 | 5.08% | -42.19% | -41.21% | -1.57% |
| Byproduct | ||||||
| Grain&oiltradingandprocessing | 2,217,815,907.14 | 2,118,753,957.28 | 4.47% | -40.93% | -39.57% | -2.15% |
| Byregion | ||||||
| Domesticsales | 2,814,438,937.19 | 2,344,160,503.27 | 16.71% | -34.76% | -37.64% | 3.85% |
IV.Analysisofnon-mainbusiness
?Applicable□Notapplicable
Unit:RMB/CNY
| Amount | Ratiointotalprofit | Descriptionofformation | Whetherbesustainable | |
| Investmentincome | 2,402,184.67 | 1.12% | Unsustainable | |
| Gains/lossesoffairvaluevariation | 174,961.34 | 0.08% | Unsustainable | |
| Assetimpairment | -46,633,952.80 | -21.80% | Themainreasonforthisistheprovisionforinventorydepreciation.Whensellinggoodswithprovisionforinventorydepreciation,thecurrentcostwillbeoffsetbasedontheactualcarryoveroftheprovisionforinventorydepreciation. | Unsustainable |
| Non-operatingincome | 338,644.53 | 0.16% | Unsustainable | |
| Non-operatingexpense | 195,216.49 | 0.09% | Unsustainable |
V.Analysisofassetsandliabilities
1.Majorchangesofassetscomponent
Unit:RMB/CNY
| Endofcurrentperiod | Endoflastperiod | Ratiochanges(+/-) | Notesofmajorchanges | |||
| Amount | Ratiointotalassets | Amount | Ratiointotalassets | |||
| Monetaryfund | 101,707,439.66 | 1.34% | 54,103,771.00 | 0.73% | 0.61% | |
| Accountreceivable | 172,193,021.29 | 2.27% | 236,829,100.95 | 3.18% | -0.91% | Mainlybecausethefinalpaymentreceivedfromgrainandoilreserveservicesattheendofthepreviousyear |
| Inventory | 3,622,303,471.44 | 47.79% | 3,599,041,970.52 | 48.37% | -0.58% | |
| Investmentrealestate | 209,337,679.80 | 2.76% | 217,137,461.76 | 2.92% | -0.16% | |
| Long-termequity | 69,971,070.54 | 0.92% | 70,676,534.63 | 0.95% | -0.03% | |
| investment | ||||||
| Fixassets | 2,098,755,391.85 | 27.69% | 2,141,336,538.80 | 28.78% | -1.09% | |
| Constructioninprogress | 232,409,940.90 | 3.07% | 186,884,912.13 | 2.51% | 0.56% | |
| Right-of-useassets | 67,604,978.54 | 0.89% | 78,304,838.28 | 1.05% | -0.16% | |
| Short-termloans | 1,722,765,009.74 | 22.73% | 1,192,211,087.37 | 16.02% | 6.71% | Mainlyduetoincreaseinoperatingloansduringthecurrentperiod. |
| Contractliability | 83,528,485.53 | 1.10% | 110,177,908.96 | 1.48% | -0.38% | |
| Leaseliability | 58,167,435.71 | 0.77% | 60,436,879.66 | 0.81% | -0.04% |
Foreignassetsaccountforarelativelyhighproportion
□Applicable?Notapplicable
2.Assetsandliabilitiesmeasuredbyfairvalue
□Applicable?Notapplicable
3.Assetsandliabilitymeasuredbyfairvalue
?Applicable□Notapplicable
InRMB
| Items | Amountatthebeginningperiod | Changesoffairvaluegains/lossesincurrentperiod | Accumulativechangesoffairvaluereckonedintoequity | Devaluationofwithdrawingintheperiod | Amountofpurchaseintheperiod | Amountofsaleintheperiod | Otherchanges(+/-) | Amountatperiod-end |
| Financialassets | ||||||||
| 1.Tradingfinancialasset(excludingderivativefinancialassets) | 46,676,652.91 | 113,524.84 | 180,040,306.48 | 226,830,484.23 | ||||
| 5.Othernon-currentfinancialassets | 57,500.00 | 57,500.00 | ||||||
| Subtotalof | 46,734,152.91 | 113,524.84 | 180,040,306.48 | 226,887,984.23 | ||||
| financialassets | |||||||
| Abovetotal | 46,734,152.91 | 113,524.84 | 180,040,306.48 | 226,887,984.23 | |||
| Financialliabilities | 288,486.18 | -288,486.18 | 0.00 |
OtherchangesNAWhethertherehavemajorchangesonmeasurementattributesformainassetsoftheCompanyinreportingperiodornot
□Yes?No
4.Theassetsrightsrestrictedtillendoftheperiod
| Item | Bookvalueatperiod-end | Reasonsforrestriction |
| Monetaryfund | 1,595,309.92 | Guaranteedeposit,creditdeposit,etc. |
| Total | 1,595,309.92 |
VI.Investmentanalysis
1.Overallsituation?Applicable□Notapplicable
| Investmentinreportingperiod(RMB) | Investmentinthesameperiodoflastperiod(RMB) | Changes(+/-) |
| 51,638,617.14 | 33,983,734.95 | 51.95% |
2.Themajorequityinvestmentobtainedinthereportingperiod
□Applicable?Notapplicable
3.Themajornon-equityinvestmentperformedinthereportingperiod
□Applicable?Notapplicable
4.Financialassetsinvestment
(1)Securitiesinvestment
?Applicable□Notapplicable
Unit:RMB/CNY
| Variet | Code | Short | Initial | Acco | Book | Chan | Cumu | Curre | Curre | Profit | Book | Acco | Capita |
| yofsecurities | ofsecurities | formofsecurities | investmentcost | untingmeasurementmodel | valueatthebeginningoftheperiod | gesinfairvalueofthecurrentgains/losses | lativefairvaluechangesinequity | ntpurchaseamount | ntsalesamount | andlossintheReportingPeriod | valueattheendoftheperiod | untingsubject | lSource |
| Domesticandoverseasstock | 000017 | Zhonghua-A | 0.00 | Fairvaluemeasurements | 1,228,132.36 | 113,524.84 | 113,524.84 | 1,341,657.20 | Tradablefinancialassets | Debtrescheduledshares | |||
| Total | 0.00 | -- | 1,228,132.36 | 113,524.84 | 0.00 | 0.00 | 0.00 | 113,524.84 | 1,341,657.20 | -- | -- | ||
(2)Derivativeinvestment
□Applicable?NotapplicableTheCompanyhasnoderivativesinvestmentinthePeriod
VII.Salesofmajorassetsandequity
1.Salesofmajorassets
□Applicable?NotapplicableTheCompanyhadnosalesofmajorassetsinthereportingperiod.
2.Salesofmajorequity
□Applicable?Notapplicable
VIII.Analysisofmainholdingcompanyandstock-jointlycompanies
?Applicable□NotapplicableParticularaboutmainsubsidiariesandstock-jointlycompanieswithover10%innetprofit
Unit:RMB/CNY
| Companyname | Type | Mainbusiness | Registercapital | Totalassets | Netassets | Operatingrevenue | Operatingprofit | Netprofit |
| ShenzhenCereals | Subsidiary | Grain&oiltrading, | 1,530,000,000 | 8,096,250,213.12 | 4,235,126,779.47 | 2,629,163,045.89 | 150,627,236.74 | 129,272,869.33 |
| GroupCo.,Ltd | processing,grainandoilreserveservice | |||||||
| ShenzhenHualianGrainandOilTradingCo.,Ltd. | Subsidiary | Grain&oiltrading | 100,000,000 | 1,175,224,279.20 | 308,665,615.58 | 793,629,268.32 | 32,982,657.72 | 32,673,245.69 |
Particularaboutsubsidiariesobtainedordisposedinreportingperiod?Applicable□Notapplicable
Explanationonmainholding/stock-jointlyenterprise:
ShenzhenCerealsGroupCo.,Ltd:Businessscope:generalbusinessitems:grainandoilpurchaseandsales,grainandoilstorage;grainandoilandproductsmanagementandprocessing(operatedbybranches);operationandprocessingoffeed(operatedbyoutsourcing);investmentingrainandoil,feedlogisticsprojects;establishinggrainandoilandfeedtradingmarket(includinge-commercemarket)(marketlicenseisalsoavailable);storage(operatedbybranches);development,operationandmanagementoffreeproperty;providingmanagementservicesforhotels;investingandsettingupindustries(specificprojectsareseparatelydeclared);domestictrade;engaginginimportandexportbusiness;E-commerceandinformationconstruction;andgraincirculationservice.Licensedbusinessitems:thefollowingprojectsshallbeoperatedonlywiththerelevantexaminationandapprovaldocumentsiftheyareinvolvedinobtainingapproval:informationservices(internetinformationserviceonly);generalfreight,professionaltransport(refrigeratedpreservation).Registercapitalis1,530,000,000.00yuan.Asoftheendofcurrentperiod,totalassetsreached8,096,250,213.12yuan,andnetassetsamountedto4,235,126,779.47yuan;inthereportingperiod,theoperationrevenue,netprofitandthenetprofitattributabletoshareholderofparentcompanywere2,629,163,045.89yuan,129,272,869.33yuanand126,649,819.18yuanrespectively.ShenzhenHualianGrainandOilTradingCo.,Ltd.:Businessscope:generalbusinessitems:domestictrade(exceptforprojectsthatlaws,administrativeregulations,anddecisionsoftheStateCouncilrequireapprovalbeforeregistration);engaginginimportandexportbusiness(exceptforprojectsprohibitedbylaws,administrativeregulations,anddecisionoftheStateCouncil,restrictedprojectscanbeoperatedonlyafterobtainingpermission);onlinefeedsales;informationconsultation,self-ownedhousingleasing(excludingtalentagencyservicesandotherrestricteditems);internationalfreightforwarding,domesticfreightforwarding(canonlybeoperatedafterbeingapprovedbythetransportdepartmentiflaws,administrativeregulations,StateCouncildecisionrequiretheapprovaloftransportdepartment);Licensedbusinessitems:followingitemsshallbeoperatedonlywiththerelevantexaminationandapprovaldocumentsiftheyareinvolvedinobtainingapproval:
purchaseandsaleofgrainandoil,onlinesalesofgrainandoil;informationservicebusiness(internetinformationservicebusinessonly).Registercapitalis100,000,000.00yuan.Asoftheendofcurrentperiod,totalassets
reached1,175,224,279.20yuan,andnetassetsamountedto308,665,615.58yuan;inthereportingperiod,theoperationrevenue,netprofitandnetprofitattributabletoshareholderofparentcompanywere793,629,268.32yuan,32,673,245.69yuanand32,579,407.25yuanrespectively.
IX.StructuredvehiclecontrolledbytheCompany
□Applicable?NotapplicableX.Risksfacedbythecompanyandcorrespondingmeasures
1.PricefluctuationriskofgrainandoilpurchaseandsaleTheFederalReservecontinuedtoraiseinterestrates,theRussia-Ukrainewar,extremeweatherandotheruncertainexternalfactorsresultedinsignificantpricefluctuationindomesticandforeigngrainandoilpurchaseandsale.Ontheotherhand,somecountrieshavecontrolledtheexportofagriculturalproducts,whichhadadirectimpactonthesupplyofbulkagriculturalandsidelineproducts,andalsoexacerbatedthepricefluctuationofgrainandoil.
TheCompanywillactivelyrespondtotheriskofpricefluctuationthatmayhaveadverseimpactonthecompany’soperationsbystrengtheningmarketforecasting,establishingstrategiccooperation,optimizingsupplymanagement,refiningmanagementandimprovingutilizationrate.
2.Foodsafetyrisk
“Qualitysafety”isthelifelineofthesustainableenterprisedevelopment,andfoodsafetyisaredlinethatcannotbecrossed.Regulatoryauthoritiesissuedaseriesoftop-downregulationsandsystemsforfoodsafetyhazards,corporatesubjectresponsibility,productionmanagementcompliance,qualitysafetyinspectionandriskmonitoringandcontrol,aimingtoimplementthe“fourstrictest”requirementsforfoodsafetymanagement.
Basedonthediversifieddevelopmentofcurrentproductvarietiesandbusinessmodels,thecompanyissuedtheFoodQualitySafetyManagementMeasuresofSZCG,whichcoversgrainandoilandotherfoodvarietiesandtheirkeybusinesslinkstomatchtheexistingbusinessmodelandthequalitymanagementofdiversifiedproducts.Asthesuperiorsystemofthefoodsafetymanagementofthecompany,thesystemfillstheinstitutionalgaps,clarifiestheresponsibilitiesofkeypositions,strengthensthesupervisionofkeylinks,refinesandstandardizesthedailyfoodqualityandsafetymanagementfromfiveaspects,on-siteinspectionlist,enterpriseself-inspection
reporting,traininganddrillingrecords,andproductinformationledgers,soastoensurethatfoodproductscomplywithqualitystandards,hygienestandardsandrelevantregulations.
3.MergerandintegrationriskThecompanycarriesoutinvestmentandmergerprojectsaccordingtothedevelopmentstrategy.Whetherthemergedprojectcanformsynergyeffectwiththeoriginalbusiness,andwhetherthecorporatecultureandmanagementmodecanbeeffectivelyintegratedinthecriticalperiodofteamintegrationwillbethekeytotherealizationofthemergerobjective.Ifthemanagementandcontrolisnotimplementedinplace,themergerandacquisitionriskmayoccur.Thecompanywilltakethefollowingmeasurestopreventrisks:first,continuetopayattentiontotheoperationofthemergedenterpriseandthecompatibilitywiththecompany’sdevelopmentstrategy,andmakecorrectionsintime;second,payattentiontothesynergyeffectbetweenthemergedenterpriseandtheexistingindustryofthecompany,andcoordinatetheallocationofresourcesintime;third,graduallyrealizetheintegrationofsystemandculture;fourth,increasetheperformanceimprovementandinnovationincentiveandassessmentonthemergedenterprise,andconstantlyadjusttheincentivepolicytoadapttotheoperation.
4.IncreasingmarketcompetitionAsarepresentativeenterpriseinregionalgrain,oilandfoodbusiness,thecompanystillhasacertaingapinscaleandbrandawarenesscomparedwithcentralenterprisesandlargemultinationalgrain,oilandfoodenterprises.Inthefuture,thecompetitioninthegrain,oilandfoodindustrywillbecomeincreasinglyfierce.Ifthecompanyfailstoeffectivelypromoteitsownbrandandexpandmarketingchannels,itmayfacegreaterrisksinanintensifiedmarketcompetition.
Inviewofthepossiblemarketandbusinessrisks:ontheonehand,thecompanywillmakeoverallplanningfortheprocurementoftheyear,andcarefullyoptimizetheprocurementchannelstoensureadequatefoodsupplyandorderlysupply;ontheotherhand,thecompanywillcontinuetostrengthenthecommunicationwithupstreamanddownstreamcustomersintheindustrialchain,vigorouslyexpandmarketingchannels,focusoncustomerneeds,cultivatebrandandservices,andenhancethebrandvalueandcompetitivepower.
SectionIVCorporateGovernance
I.Annualshareholders’generalmeetingandextraordinaryshareholders’generalmeetingheldduringthereportingperiod
1.Annualshareholders’generalmeetingduringthereportingperiod
| Ordinalnumberofmeeting | Type | Ratioofinvestorparticipation | Date | Dateofdisclosure | Resolutions |
| AnnualGeneralMeetingof2022 | AGM | 72.13% | 2023-05-17 | 2023-05-18 | ResolutionsoftheAnnualGeneralMeetingof2022(NoticeNo.2023-11)disclosedonCNINFOwebsite(www.cninfo.com.cn)onMay18,2023 |
2.Requestforextraordinaryshareholders’generalmeetingbypreferredstockholderswhosevotingrightsrestore
□Applicable?Notapplicable
II.Changesindirectors,supervisorsandseniorofficersofthecompany?Applicable□Notapplicable
Therewerenochangesinthedirectors,supervisors,andseniormanagementofthecompanyduringthereportingperiod,asdetailedinthe2022annualreport.
III.Profitdistributionplanandtransferofcapitalreserveintosharecapital
□Applicable?NotapplicableTherearenocashdividend,bonusandcapitalizingofcommonreservescarriedoutinthesemi-annual.
IV.Implementationofthecompany’sstockincentivescheme,employeestockownershipplanorotheremployeeincentives
□Applicable?NotapplicableTherearenoequityincentiveplans,employeestockownershipplans,orotheremployeeincentivemeasuresandtheirimplementationduringthereportingperiodofthecompany.
SectionV.EnvironmentalandSocialResponsibilityI.Majorenvironmentalissues
Arethelistedcompanyanditssubsidiariesakeypollutantdischargeunitannouncedbytheenvironmentalprotectionauthorities?
□Yes?NoAdministrativepunishmentforenvironmentalproblemsduringthereportingperiod
| Companynameorsubsidiaryname | Reasonforpunishment | Violation | Punishmentresult | Impactontheproductionandoperationoflistedcompany | Thecompany’srectificationmeasures |
| NA | NA | NA | NA | NA | NA |
OtherenvironmentalinformationdisclosedbyreferencetokeypollutantdischargeentitiesNotapplicableMeasurestakentoreducecarbonemissionsduringthereportingperiodandtheireffectiveness?Applicable□Notapplicable
1.Inthefirsthalfof2023,SZCHselectedandengagedanenergymanagementpartnerthroughpublicbiddingtoberesponsiblefortheroofphotovoltaicpowergenerationintheparkpropertiesofSZCHanditssubsidiaries.Theprojectcooperationadoptsthe“energymanagement”mode,andthewinningbidderisresponsibleforthedesign,constructionandoperationofphotovoltaicpowergenerationequipmentintheparkofSZCHwith100%investment.Thefirstbatchofconstructionprojectsareexpectedtobecompletedbytheendof2023.Aftercompletion,theaverageannualpowergenerationcapacitywillbeabout6.22millionKWH,andthecarbonreductionwillreach2058.0tons/year.
2.ShenzhenFlourpromotestheuseoflithiumbattery.Comparedwiththeoriginal“2.5tonsfuelforklift”,thecurrent“Lindelithiumbattery3tonsforklift”canreducecarbondioxideemissionsby21.0kgperday,andreducecarbonemissionsof7.7tons/year.ReasonsfornotdisclosingotherenvironmentalinformationNotapplicable
II.Socialresponsibility
ThecompanyadherestotheguidanceofXiJinpingThoughtonSocialismwithChineseCharacteristicsforaNewEra,thoroughlyimplementedthespiritofthe20
th
NationalCongressoftheCPC,carriedoutthedeploymentrequirementsoftheprovincialPartycommittee,provincialgovernment,municipalPartycommitteeandmunicipalgovernmentoncarryingouttheruralrevitalizationandtownshipandvillagesupportandthe“high-qualitydevelopmentprojectofhundredsofcountiesandtownsandvillages”,cooperateswiththeunitsofaid,continuedtoconsolidateandexpandtheachievementsofpovertyalleviationintheregionsofaid,andmakessolidprogressinruralrevitalization.First,researchedanddeployedtheworkthroughouttheyear.GeneralManagerHuXianghailedateamtoattendthejointmeetingoftheunitsofaidinTuochengTown,investigatedanddiscussedtheannualruralrevitalizationandworkofaid,andassistedShengliVillagetocompletetheupgradingofthePartyandmassservicecenter.Second,doagoodjobinimprovingpeople’slives.Thecompanyvisitedandconsoledmorethan50householdsfordynamicmonitoringofpovertypreventionandpovertyalleviation,andcarriedoutsolidmonitoringofpovertyreturnandtargetedassistancework.ThroughtheRuralRevitalizationPublicWelfareFund,thetaskforcehasraisedatotalof240,000yuantofinancetheenrollmentofstudentsindifficultyinTuochengTownandhelpdisabledyouthobtainmedicalassistance.Studentsindifficultyweresponsored44timesandsanitationworkerswereconsoled66timesonthe“MayDay”.Third,focusedonthe“hundred,millionandtenmillionproject”to
helpfivecooperativeprojectsinTencentFoundation’s“AgriculturalRevivalPlan”tolandinTuochengTownandboostthedevelopmentofthecharacteristicagriculturalindustryofTuochengTown.Fourth,innovatedthemodelofaidtopromoteindustrialrevitalization.ThecompanygavefullplaytotheresourceadvantagesofSZCH,andcarriesoutindustrialandconsumptionsupportinthemodeof“takingoutandinvitingin”.ZhenpinhelpssixbusinessentitiesinLongchuanCountytoapplyfor“Zhenpin”.ShenzhenFlourhelpsorganizecooperatives,farmersandhouseholdsliftedoutofpovertytosetupbreedingalliancestopromotethedevelopmentoffreerangechickenindustryinTuochengTown.ShenbaoInvestmentcompanycooperatedwiththeunitsofaidtocreateconsumerproductsofaidandboostthesalesofproductsofaidto200,000yuan.
SectionVI.ImportantEvents
I.Undertakingsthattheactualcontroller,shareholders,relatedparty,buyersandtheCompanyhave
fulfilledduringthereportingperiodandhavenotyetfulfilledbytheendofreportingperiod
□Applicable?NotapplicableNoundertakingsthattheactualcontroller,shareholders,relatedparty,buyersandtheCompanyhavefulfilledduringthereportingperiodandhavenotyetfulfilledbytheendoftheperiodII.Occupationofthenon-operationalfundsofthelistedcompanybycontrollingshareholdersanditsrelatedparty
□Applicable?NotapplicableNonon-operationalfundsofthelistedcompanyhavebeenoccupiedbythecontrollingshareholdersanditsrelatedpartyinperiod.
III.Externalguaranteeoutoftheregulations
□Applicable?NotapplicableNoexternalguaranteeoutoftheregulationsoccurredintheperiod.
IV.Appointmentandnon-reappointment(dismissal)ofCPAHasthesemi-annualfinancialstatementsbeenaudited?
□Applicable?NotapplicableThesemi-annualreportofthecompanyhasn’tbeenaudited.V.Statementonthelatest“modifiedauditreport”byBOD
□Applicable?Notapplicable
VI.ExplanationfromBoardofDirectorsfor“QualifiedOpinion”thatissuedbyCPAforlastperiod
□Applicable?Notapplicable
VII.Bankruptcyreorganization
□Applicable?NotapplicableNobankruptcyreorganizationfortheCompanyinreportingperiod
VIII.Litigationandarbitration
Majorlitigationandarbitration
□Applicable?NotapplicableTherewerenomajorlitigationandarbitrationinthereportingperiod.Otherlitigationandarbitration
□Applicable?Notapplicable
| Lawsuits(arbitration) | Amountinvolved(in10thousandyuan) | Resultinginanaccrualliability(Y/N) | Progress | Trialresultandinfluence | Executionofjudgment | Disclosuredate | Disclosureindex |
| AsofJune30,2023,otherlawsuitsthatdidnotmeetthedisclosurestandardsforsignificantlawsuitsmainlyincludedthefollowing:disputesoverpurchaseandsalescontract,disputeoverloancontract,disputesoverconstructioncontracts,Disputesovercompanyseparationcontracts,housingleasecontracts,etc. | 13,828.65 | Yes,thesingleloancontractdisputefromsubordinateenterpriseoftheCompanyisexpectedtoformanaccrualliabilityof3.50millionyuanapproximately.Otherlawsuit-relatedcasesarerelativelysmallinindividualamount,andwillnothaveasignificantimpactontheCompanywhenanalyzedinconjunctionwiththeprogressofthesecases. | TheCompanyactivelymakesuseoftheadvantageousresourcesofinternallegalaffairsandexternallawsfirmtofollowupanddealwiththelawsuit-relatedcases.Atpresent,theCompanyisrespondingtoanddealingwiththecaseseffectivelyinaccordancewithrelevantlawsandregulations | Aftercomprehensiveanalysis,theresultofthecasesinvolvedinthelawsuitswillnothaveasignificantimpactontheCompany | Itisactivelyadvancing | Notapplicable | Notapplicable |
IX.Penaltyandrectification
□Applicable?Notapplicable
X.IntegrityoftheCompany,itscontrollingshareholdersandactualcontrollers
□Applicable?NotapplicableXI.Majorrelatedpartytransaction
1.Relatedpartytransactioninvolvedwithdailyoperation
□Applicable?NotapplicableTherewerenorelatedpartytransactionsinvolvedwithdailyoperation.
2.Relatedpartytransactionsofassetsoracquisitionandsold
□Applicable?NotapplicableNorelatedpartytransactionsofassetsorequityacquisitionandsoldoccurredduringthereportingperiod
3.Relatedpartytransactionsofmutualinvestmentoutside
□Applicable?NotapplicableNorelatedpartytransactionsofmutualinvestmentoutsideoccurredduringthereportingperiod.
4.Contactofrelatedpartycreditanddebt
□Applicable?NotapplicableTherewerenocontactofrelatedpartycreditanddebtinthereportingperiod.
5.Contactwiththerelatedfinancecompanies
□Applicable?NotapplicableTherearenodeposits,loans,creditsorotherfinancialbusinessbetweenthefinancecompanieswithassociatedrelationshipandrelatedparties
6.TransactionsbetweenthefinancecompanycontrolledbytheCompanyandrelatedparties
□Applicable?NotapplicableTherearenodeposits,loans,creditsorotherfinancialbusinessbetweenthefinancecompaniescontrolledbytheCompanyandrelatedparties
7.Othermaterialrelatedpartytransactions
□Applicable?NotapplicableTherewerenoothermaterialrelatedpartytransactionsinthereportingperiod.
XII.Significantcontractandimplementations
1.Trusteeship,contractandleasing
(1)Trusteeship
□Applicable?NotapplicableNotrusteeshipoccurredduringthereportingperiod
(2)Contracting
□Applicable?NotapplicableNocontractoccurredduringthereportingperiod
(3)Leasing
□Applicable?NotapplicableNoleasingoccurredduringthereportingperiod
2.Materialguarantees
□Applicable?NotapplicableThecompanyhadnomaterialguaranteesinthereportingperiod.
3.Trustedcashassetmanagement?Applicable□Notapplicable
Intenthousandyuan
| Type | Capitalsources | Amountoccurred | Outstandingbalance | Overdueamount | Amountwithimpairmentaccrualfortheoverduefinancialproductswhichhasnotbeenrecovered |
| Financingproductsofbanks | Ownfunds | 45,500 | 22,500 | 0 | 0 |
| Total | 45,500 | 22,500 | 0 | 0 | |
Detailsofthesinglemajoramount,orhigh-risktrustinvestmentwithlowsecurity,orpoorliquidity
□Applicable?NotapplicableItisexpectedthattheprincipalofentrustedfinancialmanagementfailstorecoverorthereareothersituationsleadingtoimpairmentinentrustedfinancialmanagement
□Applicable?Notapplicable
4.Othersignificantcontract
□Applicable?NotapplicableThecompanyhadnoothersignificantcontractinthereportingperiod.
XIII.Explanationonothermaterialmatters?Applicable□NotapplicableThecompanyhasnoexplanationonothermaterialmatters.XIV.MaterialmattersofsubsidiaryoftheCompany
□Applicable?Notapplicable
1.OnApril24,2023,thecompanyheldthe27
thmeetingofits10
th
sessionofBOD,deliberatedandapprovedtheProposalontheInvestmentofDongguanLogisticsintheConstructionofBerth3.ItwasagreedthatDongguanLogistics,awholly-ownedsubsidiaryofthecompany,wouldinvestintheconstructionoftheexpansionprojectofthedeepgrainstoragesupportingterminalintheXinshananOperationAreaofMachongPortArea,DongguanPort(Berth3).One20,000tongrainberthwillbebuilt,withtotalinvestmentof175millionyuan.Fordetails,pleaserefertothe“AnnouncementontheResolutionsofthe27
th
Meetingofthe10
th
BoardofDirectorsoftheCompany”andthe“AnnouncementontheInvestmentandConstructionofBerth3byDongguanLogistics”publishedontheCNINFOwebsite(www.cninfo.com.cn)onApril26,2023.
SectionVII.ChangesinSharesandParticularsaboutShareholders
I.ChangesinShares
1.Changesinshares
Unit:Share
| BeforetheChange | Increase/DecreaseintheChange(+/-) | AftertheChange | |||||||
| Amount | Proportion | Newsharesissued | Bonusshares | Capitalizationofpublicreserve | Others | Subtotal | Amount | Proportion | |
| I.Restrictedshares | 684,569,567 | 59.40% | 0 | 0 | 0 | 0 | 0 | 684,569,567 | 59.40% |
| 1.State-ownedshares | 0 | 0.00% | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% |
| 2.State-ownedcorporateshares | 684,569,567 | 59.40% | 0 | 0 | 0 | 0 | 0 | 684,569,567 | 59.40% |
| 3.Otherdomesticshares | 0 | 0.00% | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% |
| Including:Domesticlegalperson’sshares | 0 | 0.00% | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% |
| Domesticnatureperson’sshares | 0 | 0.00% | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% |
| 4.Foreignshares | 0 | 0.00% | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% |
| Including:Foreigncorporateshares | 0 | 0.00% | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% |
| overseasnatureperson’sshare | 0 | 0.00% | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% |
| II.Unrestrictedshares | 467,965,687 | 40.60% | 0 | 0 | 0 | 0 | 0 | 467,965,687 | 40.60% |
| 1.RMBcommonshares | 416,216,407 | 36.11% | 0 | 0 | 0 | 0 | 0 | 416,216,407 | 36.11% |
| 2.Domesticallylistedforeignshares | 51,749,280 | 4.49% | 0 | 0 | 0 | 0 | 0 | 51,749,280 | 4.49% |
| 3.Foreignlistedforeignshares | 0 | 0.00% | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% |
| 4.Other | 0 | 0.00% | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% |
| III.Totalshares | 1,152,535,254 | 100.00% | 0 | 0 | 0 | 0 | 0 | 1,152,535,254 | 100.00% |
Reasonsforchangesinshare
□Applicable?NotapplicableApprovalofchangesinshare
□Applicable?NotapplicableOwnershiptransferofchangesinshare
□Applicable?NotapplicableProgressoftheimplementationofrepurchaseshare
?Applicable□NotapplicableProgressoftheimplementationofreducingbuybacksharesbymeansofcentralizedbidding
□Applicable?NotapplicableInfluenceonthebasicEPSanddilutedEPSaswellasotherfinancialindexesofnetassetspershareattributabletocommonshareholdersofCompanyinlastyearandperiod
□Applicable?NotapplicableOtherinformationnecessarytodiscloseorneedtodisclosedunderrequirementfromsecurityregulators
□Applicable?Notapplicable
2.Changesinrestrictedshares
□Applicable?Notapplicable
II.Securitiesissuanceandlisting
□Applicable?Notapplicable
III.ParticularsaboutshareholdersandactualcontrolleroftheCompany
1.Numberofshareholdersandparticularsaboutsharesholding
Unit:ShareInShare
| Totalcommonstockshareholdersinreportingperiod-end | 49,201 | Totalpreferenceshareholderswithvotingrightsrecoveredatendoflastmonthbeforeannualreportdisclosed(ifapplicable)(refertoNote8) | 0 | |||||
| Particularsaboutsharesheldabove5%byshareholdersortoptenshareholders | ||||||||
| FullnameofShareholders | Natureofshareholder | Proportionofsharesheld | Totalofcommonsharesheldattheendofreportingperiod | Changesinreportingperiod | Numberofrestrictedsharesheld | Amountofunrestrictedsharesheld | Informationofsharespledged,taggedorfrozen | |
| Stateofshare | Amount | |||||||
| ShenzhenFoodMaterialsGroupCo.,Ltd | State-ownedlegalperson | 63.79% | 735,237,253 | 0 | 669,184,735 | 66,052,518 | ||
| ShenzhenAgriculturalProductsGroupCo.,Ltd | State-ownedlegalperson | 8.23% | 94,832,294 | 0 | 15,384,832 | 79,447,462 | ||
| DongguanFruit,Vegetable,andNon-stapleFoodTradingMarketCo.,Ltd | Domesticnon-state-ownedlegal | 0.75% | 8,698,216 | 0 | ||||
| person | ||||||||
| LinJunbo | Domesticnatureperson | 0.47% | 5,390,000 | 687,200 | ||||
| DengLijun | Domesticnatureperson | 0.40% | 4,643,670 | 875,200 | ||||
| SunHuiming | Domesticnatureperson | 0.29% | 3,366,662 | -33,300 | ||||
| ZhongZhenxin | Domesticnatureperson | 0.29% | 3,295,500 | 0 | ||||
| ChenJiuyang | Domesticnatureperson | 0.26% | 2,979,770 | 218,700 | ||||
| WangGuanghua | Domesticnatureperson | 0.24% | 2,732,099 | 2,732,099 | ||||
| HongKongSecuritiesClearingCompany | Foreignlegalperson | 0.20% | 2,361,867 | -2,319,229 | ||||
| Strategyinvestororgenerallegalpersonbecomingthetop10shareholdersbyplacingnewshares(ifapplicable)(refertoNote3) | N/A | |||||||
| Explanationonassociatedrelationshipconcertedactionamongtheaforesaidshareholders | ShenzhenSASACdirectlyholds100%equityofShenzhenFoodMaterialsGroupCo.,Ltd.,andholds34%equityofShenzhenAgriculturalProductsGroupCo.,Ltd.indirectlythroughShenzhenFoodMaterialsGroupCo.,Ltd.;theCompanywasnotawareofanyrelatedrelationshipbetweenothershareholdersabove,andwhethertheyarepartiesactinginconcertasdefinedbytheAcquisitionManagementMethodofListedCompany. | |||||||
| Descriptionoftheaboveshareholdersinrelationtodelegate/entrustedvotingrightsandabstentionfromvotingrights. | N/A | |||||||
| Specialnoteontherepurchaseaccountamongthetop10shareholders(ifapplicable)(refertonote11) | N/A | |||||||
| Particularabouttoptenshareholderswithunrestrictedsharesheld | ||||||||
| Shareholders’name | AmountofunrestrictedsharesheldatPeriod-end | Sharesheld | ||||||
| Type | Amount | |||||||
| ShenzhenAgriculturalProductsGroupCo.,Ltd | 79,447,462 | RMBcommonshares | 79,447,462 | |||||
| ShenzhenFoodMaterialsGroupCo.,Ltd | 66,052,518 | RMBcommonshares | 66,052,518 | |||||
| DongguanFruit,Vegetable,andNon-stapleFoodTradingMarketCo.,Ltd | 8,698,216 | RMBcommonshares | 8,698,216 | |||||
| LinJunbo | 5,390,000 | RMBcommonshares | 5,390,000 | |||||
| DengLijun | 4,643,670 | RMBcommonshares | 4,643,670 | |||||
| SunHuiming | 3,366,662 | Domesticallylistedforeign | 3,366,662 | |||||
| shares | |||
| ZhongZhenxin | 3,295,500 | RMBcommonshares | 3,295,500 |
| ChenJiuyang | 2,979,770 | Domesticallylistedforeignshares | 2,979,770 |
| WangGuanghua | 2,732,099 | RMBcommonshares | 2,732,099 |
| HongKongSecuritiesClearingCompany | 2,361,867 | RMBcommonshares | 2,361,867 |
| Explanationonassociatedrelationshiporconsistentactorswithinthetop10restrictedshareholdersandbetweentop10unrestrictedshareholdersandtop10shareholders | ShenzhenSASACdirectlyholds100%equityofShenzhenFoodMaterialsGroupCo.,Ltd.,andholds34%ofShenzhenAgriculturalProductsGroupCo.,Ltd.indirectlythroughShenzhenFoodMaterialsGroupCo.,Ltd.;theCompanywasnotawareofanyrelatedrelationshipbetweenothershareholdersabove,andwhethertheyarepartiesactinginconcertasdefinedbytheAcquisitionManagementMethodofListedCompany. | ||
| Explanationontop10shareholdersinvolvingmarginbusiness(ifapplicable)(refertoNote4) | Attheendofreportingperiod,LinJunbo,ashareholderofthecompany,held3,390,000sharesoftheCompanyundercustomercredittradingsecuredsecuritiesaccountthroughChinaMerchantsSecuritiesCo.,Ltd.,andheld2,000,000sharesofthecompanyundercommonaccount,totallyholding5,390,000sharesoftheCompany.Duringthereportingperiod,sharesheldbyLinJunbounderthecredittradingsecuredsecuritiesaccountroseby104,300shares,sharesheldbyhimundercommonaccountroseby582,900shares,andsharesheldbyLinJunboroseby687,200shares. | ||
Didtoptencommonshareholdersortoptenunrestrictedshareholdershaveagreedrepurchasedealinginreportingperiod?
□Yes?NoThetoptencommonshareholdersortoptenunrestrictedshareholdersdidn’thaveagreedrepurchasedealinginreportingperiod.
IV.Changesinshareholdingofdirectors,supervisors,andseniormanagement
□Applicable?NotapplicableTherearenochangesinshareholdingofdirectors,supervisors,andseniormanagementinthereportingperiod.Referto2022annualreportfordetails.V.ChangesofcontrollingshareholdersoractualcontrollerinreportingperiodChangesofcontrollingshareholdersinreportingperiod
□Applicable?NotapplicableTheCompanyhadnochangesofcontrollingshareholdersinreportingperiod.Followingthereportingperiod,thecontrollingshareholderofthecompanywillberenamedfrom“ShenzhenFoodMaterialsGroupCo.,Ltd”to“ShenzhenAgricultureandFoodInvestmentHoldingGroupCo.,Ltd.”Changesofactualcontrollerinthereportingperiod
□Applicable?NotapplicableTheCompanyhadnochangesofactualcontrollerinthereportingperiod.
SectionVIII.PreferredStock
□Applicable?NotapplicableTheCompanyhadnopreferredstockinthePeriod.
SectionIX.CorporateBonds
□Applicable?Notapplicable
SectionX.FinancialReport
I.AuditReport
Whetherthesemi-annualreportisaudited
□Yes?NoThecompany'ssemi-annualfinancialreporthasnotbeenaudited
II.FinancialStatementStatementinFinancialNotesarecarriedinRMB/CNY
1.ConsolidatedbalancesheetPreparedbySHENZHENCEREALSHOLDINGSCO.,LTD.
June30,2023
Unit:RMB/CNY
| Item | June30,2023 | January1,2023 |
| Currentassets: | ||
| Monetaryfunds | 101,707,439.66 | 54,103,771.00 |
| Settlementprovisions | ||
| Capitallent | ||
| Tradablefinancialassets | 226,830,484.23 | 46,676,652.91 |
| Derivativefinancialassets | ||
| Notereceivable | 177,052.00 | 270,109.00 |
| Accountreceivable | 172,193,021.29 | 236,829,100.95 |
| Receivablefinancing | ||
| Accountspaidinadvance | 32,599,077.76 | 65,487,390.88 |
| Insurancereceivable | ||
| Reinsurancereceivables | ||
| Contractreserveofreinsurancereceivable | ||
| Otheraccountreceivable | 42,351,756.38 | 32,910,189.14 |
| Including:Interestreceivable | ||
| Dividendreceivable | ||
| Buyingbackthesaleoffinancial |
| assets | ||
| Inventories | 3,622,303,471.44 | 3,599,041,970.52 |
| Contractassets | ||
| Assetsheldforsale | ||
| Non-currentassetduewithinoneyear | ||
| Othercurrentassets | 45,716,262.80 | 32,597,421.26 |
| Totalcurrentassets | 4,243,878,565.56 | 4,067,916,605.66 |
| Non-currentassets: | ||
| Loansandpaymentsonbehalf | ||
| Debtinvestment | ||
| Otherdebtinvestment | ||
| Long-termaccountreceivable | ||
| Long-termequityinvestment | 69,971,070.54 | 70,676,534.63 |
| Investmentinotherequityinstrument | ||
| Othernon-currentfinancialassets | 57,500.00 | 57,500.00 |
| Investmentrealestate | 209,337,679.80 | 217,137,461.76 |
| Fixedassets | 2,098,755,391.85 | 2,141,336,538.86 |
| Constructioninprogress | 232,409,940.90 | 186,884,912.13 |
| Productivebiologicalasset | 363,463.20 | 368,309.40 |
| Oilandgasasset | ||
| Right-of-useassets | 67,604,978.54 | 78,304,838.28 |
| Intangibleassets | 573,791,747.60 | 594,428,051.55 |
| Expenseonresearchanddevelopment | 463,886.83 | |
| Goodwill | 1,953,790.56 | 1,953,790.56 |
| Long-termexpensestobeapportioned | 32,319,347.89 | 33,076,249.90 |
| Deferredincometaxasset | 40,206,899.02 | 40,240,466.35 |
| Othernon-currentasset | 8,165,347.21 | 8,953,415.90 |
| Totalnon-currentasset | 3,335,401,043.94 | 3,373,418,069.32 |
| Totalassets | 7,579,279,609.50 | 7,441,334,674.98 |
| Currentliabilities: |
| Short-termloans | 1,722,765,009.74 | 1,192,211,087.37 |
| Loanfromcentralbank | ||
| Capitalborrowed | ||
| Tradablefinancialliability | 288,486.18 | |
| Derivativefinancialliability | ||
| Notepayable | ||
| Accountpayable | 310,410,532.14 | 390,149,018.13 |
| Accountsreceivedinadvance | 1,047,894.08 | 1,355,802.01 |
| Contractliability | 83,528,485.53 | 110,177,908.96 |
| Sellingfinancialassetofrepurchase | ||
| Absorbingdepositandinterbankdeposit | ||
| Securitytradingofagency | ||
| Securitysalesofagency | ||
| Wagepayable | 225,994,654.82 | 339,234,506.43 |
| Taxespayable | 41,959,573.95 | 70,739,384.81 |
| Otheraccountpayable | 279,848,547.31 | 299,793,948.48 |
| Including:Interestpayable | ||
| Dividendpayable | 2,933,690.04 | 2,933,690.04 |
| handlefeeandcommissionpayable | ||
| Reinsurancepayable | ||
| Liabilityheldforsale | ||
| Non-currentliabilitiesduewithinoneyear | 12,423,019.72 | 21,770,690.45 |
| Othercurrentliabilities | 798,459.45 | 1,112,119.07 |
| Totalcurrentliabilities | 2,678,776,176.74 | 2,426,832,951.89 |
| Non-currentliabilities: | ||
| Insurancecontractreserve | ||
| Long-termloans | ||
| Bondspayable | ||
| Including:Preferredstock | ||
| Perpetualcapitalsecurities |
| Leaseliability | 58,167,435.71 | 60,436,879.66 |
| Long-termaccountpayable | 17,843,224.46 | 17,620,572.48 |
| Long-termwagespayable | ||
| Accrualliability | 3,500,000.00 | 3,500,000.00 |
| Deferredincome | 95,171,763.08 | 87,077,137.27 |
| Deferredincometaxliabilities | 13,175,090.14 | 13,381,949.47 |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 187,857,513.39 | 182,016,538.88 |
| Totalliabilities | 2,866,633,690.13 | 2,608,849,490.77 |
| Owner’sequity: | ||
| Sharecapital | 1,152,535,254.00 | 1,152,535,254.00 |
| Otherequityinstrument | ||
| Including:Preferredstock | ||
| Perpetualcapitalsecurities | ||
| Capitalpublicreserve | 1,259,639,656.65 | 1,259,639,656.65 |
| Less:Inventoryshares | ||
| Othercomprehensiveincome | ||
| Reasonablereserve | 393,224.51 | 220,301.70 |
| Surpluspublicreserve | 439,624,164.67 | 439,624,164.67 |
| Provisionofgeneralrisk | ||
| Retainedprofit | 1,790,970,039.60 | 1,910,954,084.79 |
| Totalowner’sequityattributabletoparentcompany | 4,643,162,339.43 | 4,762,973,461.81 |
| Minorityinterests | 69,483,579.94 | 69,511,722.40 |
| Totalowner’sequity | 4,712,645,919.37 | 4,832,485,184.21 |
| Totalliabilitiesandowner’sequity | 7,579,279,609.50 | 7,441,334,674.98 |
LegalRepresentative:HuXianghaiPersoninchargeofaccountingworks:LuYuhePersoninchargeofaccountinginstitute:WenJieyu
2.Balancesheetofparentcompany
Unit:RMB/CNY
| Item | June30,2023 | January1,2023 |
| Currentassets: | ||
| Monetaryfunds | 2,381,016.02 | 961,310.17 |
| Tradablefinancialassets | 41,292,963.68 | 46,676,652.91 |
| Derivativefinancialassets | ||
| Notereceivable | ||
| Accountreceivable | 46,236,864.83 | 87,194,178.84 |
| Receivablefinancing | ||
| Accountspaidinadvance | 687,515.40 | |
| Otheraccountreceivable | 1,637,542,361.56 | 1,560,888,393.94 |
| Including:Interestreceivable | ||
| Dividendreceivable | ||
| Inventories | ||
| Contractassets | ||
| Assetsheldforsale | ||
| Non-currentassetsmaturingwithinoneyear | ||
| Othercurrentassets | 106,372.57 | 274,196.00 |
| Totalcurrentassets | 1,727,559,578.66 | 1,696,682,247.26 |
| Non-currentassets: | ||
| Debtinvestment | ||
| Otherdebtinvestment | ||
| Long-termreceivables | ||
| Long-termequityinvestments | 4,033,819,425.09 | 4,033,819,425.09 |
| Investmentinotherequityinstrument | ||
| Othernon-currentfinancialassets | ||
| Investmentrealestate | 15,807,528.34 | 16,043,323.48 |
| Fixedassets | 32,946,922.69 | 33,752,718.66 |
| Constructioninprogress | ||
| Productivebiologicalassets | 363,463.20 | 368,309.40 |
| Oilandnaturalgasassets | ||
| Right-of-useassets |
| Intangibleassets | 17,546,142.60 | 17,032,428.19 |
| Researchanddevelopmentcosts | ||
| Goodwill | ||
| Long-termdeferredexpenses | 2,701,449.17 | 3,097,280.23 |
| Deferredincometaxassets | ||
| Othernon-currentassets | 7,512,443.78 | 8,700,512.47 |
| Totalnon-currentassets | 4,110,697,374.87 | 4,112,813,997.52 |
| Totalassets | 5,838,256,953.53 | 5,809,496,244.78 |
| Currentliabilities: | ||
| Short-termborrowings | 30,019,166.67 | 100,073,055.56 |
| Tradablefinancialliability | ||
| Derivativefinancialliability | ||
| Notespayable | ||
| Accountpayable | ||
| Accountsreceivedinadvance | ||
| Contractliability | ||
| Wagepayable | 27,210,014.67 | 27,465,081.26 |
| Taxespayable | 4,389,575.75 | 2,993,808.49 |
| Otheraccountspayable | 1,370,026,183.10 | 1,024,148,905.29 |
| Including:Interestpayable | ||
| Dividendpayable | 2,933,690.04 | 2,933,690.04 |
| Liabilityheldforsale | ||
| Non-currentliabilitiesduewithinoneyear | ||
| Othercurrentliabilities | ||
| Totalcurrentliabilities | 1,431,644,940.19 | 1,154,680,850.60 |
| Non-currentliabilities: | ||
| Long-termloans | ||
| Bondspayable | ||
| Including:Preferredstock | ||
| Perpetualcapitalsecurities | ||
| Leaseliability | ||
| Long-termaccountpayable | ||
| Longtermemployee |
| compensationpayable | ||
| Accruedliabilities | 3,500,000.00 | 3,500,000.00 |
| Deferredincome | ||
| Deferredincometaxliabilities | ||
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 3,500,000.00 | 3,500,000.00 |
| Totalliabilities | 1,435,144,940.19 | 1,158,180,850.60 |
| Owners’equity: | ||
| Sharecapital | 1,152,535,254.00 | 1,152,535,254.00 |
| Otherequityinstrument | ||
| Including:Preferredstock | ||
| Perpetualcapitalsecurities | ||
| Capitalpublicreserve | 3,018,106,568.27 | 3,018,106,568.27 |
| Less:Inventoryshares | ||
| Othercomprehensiveincome | ||
| Specialreserve | ||
| Surplusreserve | 167,219,736.53 | 167,219,736.53 |
| Retainedprofit | 65,250,454.54 | 313,453,835.38 |
| Totalowner’sequity | 4,403,112,013.34 | 4,651,315,394.18 |
| Totalliabilitiesandowner’sequity | 5,838,256,953.53 | 5,809,496,244.78 |
3.Consolidatedprofitstatement
Unit:RMB/CNY
| Item | 2023semi-annual | 2022semi-annual |
| I.Totaloperatingincome | 2,831,996,801.82 | 4,338,044,528.35 |
| Including:Operatingincome | 2,831,996,801.82 | 4,338,044,528.35 |
| Interestincome | ||
| Insurancegained | ||
| handlefeeandcommissionincome | ||
| II.Totaloperatingcost | 2,582,248,916.32 | 4,027,985,541.37 |
| Including:Operatingcost | 2,357,438,707.57 | 3,775,825,625.81 |
| Interestexpense | ||
| handlefeeand |
| commissionexpense | ||
| Cashsurrendervalue | ||
| Netamountofexpenseofcompensation | ||
| Netamountofwithdrawalofinsurancecontractreserve | ||
| Bonusexpenseofguaranteeslip | ||
| Reinsuranceexpense | ||
| Taxesandsurcharge | 8,831,089.05 | 9,050,485.91 |
| Salesexpense | 81,081,244.08 | 79,331,081.69 |
| Administrativeexpense | 104,657,015.04 | 125,631,541.74 |
| R&Dexpense | 9,432,745.24 | 10,137,177.77 |
| Financialexpense | 20,808,115.34 | 28,009,628.45 |
| Including:Interestexpenses | 20,495,411.83 | 27,256,521.87 |
| Interestincome | 315,939.31 | 1,233,894.54 |
| Add:Otherincome | 5,788,072.14 | 8,030,243.98 |
| Investmentincome(Lossislistedwith“-”) | 2,402,184.67 | 3,038,365.75 |
| Including:Investmentincomeonaffiliatedcompanyandjointventure | -705,464.09 | -535,079.99 |
| Theterminationofincomerecognitionforfinancialassetsmeasuredbyamortizedcost | ||
| Exchangeincome(Lossislistedwith“-”) | ||
| Netexposurehedgingincome(Lossislistedwith“-”) | ||
| Incomefromchangeoffairvalue(Lossislistedwith“-”) | 174,961.34 | 221,889.46 |
| Lossofcreditimpairment(Lossislistedwith“-”) | 670,247.23 | 245,856.01 |
| Lossesofdevaluationofasset(Lossislistedwith“-”) | -46,633,952.80 | -81,499,450.86 |
| Incomefromassetsdisposal | 1,587,775.37 |
| (Lossislistedwith“-”) | ||
| III.Operatingprofit(Lossislistedwith“-”) | 213,737,173.45 | 240,095,891.32 |
| Add:Non-operatingincome | 338,644.53 | 1,133,017.31 |
| Less:Non-operatingexpense | 195,216.49 | 67,133.97 |
| IV.Totalprofit(Lossislistedwith“-”) | 213,880,601.49 | 241,161,774.66 |
| Less:Incometaxexpense | 46,217,947.45 | 2,958,666.41 |
| V.Netprofit(Netlossislistedwith“-”) | 167,662,654.04 | 238,203,108.25 |
| (i)Classifybybusinesscontinuity | ||
| 1.continuousoperatingnetprofit(netlosslistedwith‘-”) | 167,662,654.04 | 238,203,108.25 |
| 2.terminationofnetprofit(netlosslistedwith‘-”) | ||
| (ii)Classifybyownership | ||
| 1.Netprofitattributabletoowner’sofparentcompany | 168,149,768.31 | 237,527,782.93 |
| 2.Minorityshareholders’gains/losses | -487,114.27 | 675,325.32 |
| VI.Netafter-taxofothercomprehensiveincome | ||
| Netafter-taxofothercomprehensiveincomeattributabletoownersofparentcompany | ||
| (I)Othercomprehensiveincomeitemswhichwillnotbereclassifiedsubsequentlytoprofitofloss | ||
| 1.Changesofthedefinedbenefitplansthatre-measured | ||
| 2.Othercomprehensiveincomeunderequitymethodthatcannotbetransfertogain/loss | ||
| 3.Changeoffairvalueofinvestmentinotherequityinstrument | ||
| 4.Fairvaluechangeofenterprise'screditrisk | ||
| 5.Other | ||
| (ii)Othercomprehensiveincome |
| itemswhichwillbereclassifiedsubsequentlytoprofitorloss | ||
| 1.Othercomprehensiveincomeunderequitymethodthatcantransfertogain/loss | ||
| 2.Changeoffairvalueofotherdebtinvestment | ||
| 3.Amountoffinancialassetsre-classifytoothercomprehensiveincome | ||
| 4.Creditimpairmentprovisionforotherdebtinvestment | ||
| 5.Cashflowhedgingreserve | ||
| 6.Translationdifferencesarisingontranslationofforeigncurrencyfinancialstatements | ||
| 7.Other | ||
| Netafter-taxofothercomprehensiveincomeattributabletominorityshareholders | ||
| VII.Totalcomprehensiveincome | 167,662,654.04 | 238,203,108.25 |
| TotalcomprehensiveincomeattributabletoownersofparentCompany | 168,149,768.31 | 237,527,782.93 |
| Totalcomprehensiveincomeattributabletominorityshareholders | -487,114.27 | 675,325.32 |
| VIII.Earningspershare: | ||
| (i)Basicearningspershare | 0.1459 | 0.2061 |
| (ii)Dilutedearningspershare | 0.1459 | 0.2061 |
Asfortheenterprisecombinedunderthesamecontrol,thenetprofitachievedbythemergedpartybeforecombinationis0.00yuanandthenetprofitachievedbythemergedpartyinlastperiodis0.00yuan.LegalRepresentative:HuXianghaiPersoninchargeofaccountingworks:LuYuhePersoninchargeofaccountinginstitute:WenJieyu
4.Profitstatementofparentcompany
Unit:RMB/CNY
| Item | 2023semi-annual | 2022semi-annual |
| I.Operatingincome | 80,465,663.56 | 94,732,571.88 |
| Less:Operatingcost | 235,795.14 | 235,795.14 |
| Taxesandsurcharge | 226,880.22 | 239,797.63 |
| Salesexpenses | ||
| Administrationexpenses | 31,183,573.58 | 35,210,060.97 |
| R&Dexpenses | ||
| Financialexpenses | -14,476,713.20 | -249,289.38 |
| Including:Interestexpenses | 1,153,273.64 | 1,215,509.60 |
| Interestincome | 15,881,657.87 | 1,385,168.73 |
| Add:Otherincome | 382,620.07 | 216,639.79 |
| Investmentincome(Lossislistedwith“-”) | 975,629.57 | 2,279,175.50 |
| Including:InvestmentincomeonaffiliatedCompanyandjointventure | ||
| Theterminationofincomerecognitionforfinancialassetsmeasuredbyamortizedcost(Lossislistedwith“-”) | ||
| Netexposurehedgingincome(Lossislistedwith“-”) | ||
| Changingincomeoffairvalue(Lossislistedwith“-”) | -113,524.84 | 221,889.46 |
| Lossofcreditimpairment(Lossislistedwith“-”) | ||
| Lossesofdevaluationofasset(Lossislistedwith“-”) | ||
| Incomeondisposalofassets(Lossislistedwith“-”) | ||
| II.Operatingprofit(Lossislistedwith“-”) | 64,540,852.62 | 62,013,912.27 |
| Add:Non-operatingincome | 5,000.02 | 5,000.00 |
| Less:Non-operatingexpense | ||
| III.TotalProfit(Lossislistedwith“-”) | 64,545,852.64 | 62,018,912.27 |
| Less:Incometax | 24,615,419.98 | |
| IV.Netprofit(Netlossislistedwith“-”) | 39,930,432.66 | 62,018,912.27 |
| (i)continuousoperatingnetprofit(netlosslistedwith‘-”) | 39,930,432.66 | 62,018,912.27 |
| (ii)terminationofnetprofit(netlosslistedwith‘-”) | ||
| V.Netafter-taxofothercomprehensiveincome | ||
| (i)Othercomprehensiveincomeitemswhichwillnotbereclassifiedsubsequentlytoprofitofloss | ||
| 1.Changesofthedefinedbenefitplansthatre-measured | ||
| 2.Othercomprehensiveincomeunderequitymethodthatcannotbetransfertogain/loss | ||
| 3.Changeoffairvalueofinvestmentinotherequityinstrument | ||
| 4.Fairvaluechangeofenterprise'screditrisk | ||
| 5.Other | ||
| (ii)Othercomprehensiveincomeitemswhichwillbereclassifiedsubsequentlytoprofitorloss | ||
| 1.Othercomprehensiveincomeunderequitymethodthatcantransfertogain/loss | ||
| 2.Changeoffairvalueofotherdebtinvestment | ||
| 3.Amountoffinancialassetsre-classifytoothercomprehensiveincome | ||
| 4.Creditimpairmentprovisionforotherdebtinvestment | ||
| 5.Cashflowhedging |
| reserve | ||
| 6.Translationdifferencesarisingontranslationofforeigncurrencyfinancialstatements | ||
| 7.Other | ||
| VI.Totalcomprehensiveincome | 39,930,432.66 | 62,018,912.27 |
| VII.Earningspershare: | ||
| (i)Basicearningspershare | ||
| (ii)Dilutedearningspershare |
5.Consolidatedcashflowstatement
Unit:RMB/CNY
| Item | 2023semi-annual | 2022semi-annual |
| I.Cashflowsarisingfromoperatingactivities: | ||
| Cashreceivedfromsellingcommoditiesandprovidinglaborservices | 2,908,830,118.57 | 4,505,675,220.29 |
| Netincreaseofcustomerdepositandinterbankdeposit | ||
| Netincreaseofloanfromcentralbank | ||
| Netincreaseofcapitalborrowedfromotherfinancialinstitution | ||
| Cashreceivedfromoriginalinsurancecontractfee | ||
| Netcashreceivedfromreinsurancebusiness | ||
| Netincreaseofinsuredsavingsandinvestment | ||
| Cashreceivedfrominterest,handlefeeandcommission | ||
| Netincreaseofcapitalborrowed | ||
| Netincreaseofreturnedbusinesscapital | ||
| Netcashreceivedbyagentsinsaleandpurchaseofsecurities |
| Write-backoftaxreceived | 924,811.35 | 27,412,268.12 |
| Othercashreceivedconcerningoperatingactivities | 335,627,204.39 | 969,031,224.09 |
| Subtotalofcashinflowarisingfromoperatingactivities | 3,245,382,134.31 | 5,502,118,712.50 |
| Cashpaidforpurchasingcommoditiesandreceivinglaborservice | 2,346,304,152.82 | 3,881,170,164.56 |
| Netincreaseofcustomerloansandadvances | ||
| Netincreaseofdepositsincentralbankandinterbank | ||
| Cashpaidfororiginalinsurancecontractcompensation | ||
| Netincreaseofcapitallent | ||
| Cashpaidforinterest,handlefeeandcommission | ||
| Cashpaidforbonusofguaranteeslip | ||
| Cashpaidto/forstaffandworkers | 238,939,457.87 | 213,374,966.28 |
| Taxespaid | 133,546,738.58 | 117,336,305.52 |
| Othercashpaidconcerningoperatingactivities | 443,088,432.83 | 1,029,863,773.28 |
| Subtotalofcashoutflowarisingfromoperatingactivities | 3,161,878,782.10 | 5,241,745,209.64 |
| Netcashflowsarisingfromoperatingactivities | 83,503,352.21 | 260,373,502.86 |
| II.Cashflowsarisingfrominvestingactivities: | ||
| Cashreceivedfromrecoveringinvestment | 719,000,000.00 | 485,000,000.00 |
| Cashreceivedfrominvestmentincome | 2,840,292.60 | 2,507,720.69 |
| Netcashreceivedfromdisposaloffixed,intangibleandotherlong-termassets | 2,048,910.70 | 570.00 |
| Netcashreceivedfromdisposal |
| ofsubsidiariesandotherunits | ||
| Othercashreceivedconcerninginvestingactivities | 154.49 | |
| Subtotalofcashinflowfrominvestingactivities | 723,889,203.30 | 487,508,445.18 |
| Cashpaidforpurchasingfixed,intangibleandotherlong-termassets | 76,150,532.92 | 97,877,199.01 |
| Cashpaidforinvestment | 899,000,000.00 | 415,000,000.00 |
| Netincreaseofmortgagedloans | ||
| Netcashreceivedfromsubsidiariesandotherunitsobtained | ||
| Othercashpaidconcerninginvestingactivities | 3,784,107.76 | 928.80 |
| Subtotalofcashoutflowfrominvestingactivities | 978,934,640.68 | 512,878,127.81 |
| Netcashflowsarisingfrominvestingactivities | -255,045,437.38 | -25,369,682.63 |
| III.Cashflowsarisingfromfinancingactivities: | ||
| Cashreceivedfromabsorbinginvestment | 490,000.00 | 4,900,000.00 |
| Including:Cashreceivedfromabsorbingminorityshareholders’investmentbysubsidiaries | 490,000.00 | 4,900,000.00 |
| Cashreceivedfromloans | 1,418,006,020.58 | 1,923,171,121.48 |
| Othercashreceivedconcerningfinancingactivities | ||
| Subtotalofcashinflowfromfinancingactivities | 1,418,496,020.58 | 1,928,071,121.48 |
| Cashpaidforsettlingdebts | 887,417,617.78 | 1,817,214,190.96 |
| Cashpaidfordividendandprofitdistributingorinterestpaying | 306,311,864.63 | 314,281,984.10 |
| Including:Dividendandprofitofminorityshareholderpaidbysubsidiaries | ||
| Othercashpaidconcerningfinancingactivities | 9,650,074.57 | 9,528,424.77 |
| Subtotalofcashoutflowfrom | 1,203,379,556.98 | 2,141,024,599.83 |
| financingactivities | ||
| Netcashflowsarisingfromfinancingactivities | 215,116,463.60 | -212,953,478.35 |
| IV.Influenceoncashandcashequivalentsduetofluctuationinexchangerate | 3,442,282.05 | 40,259.74 |
| V.Netincreaseofcashandcashequivalents | 47,016,660.48 | 22,090,601.62 |
| Add:Balanceofcashandcashequivalentsattheperiod-begin | 53,095,469.26 | 49,370,080.20 |
| VI.Balanceofcashandcashequivalentsattheperiod-end | 100,112,129.74 | 71,460,681.82 |
6.Cashflowstatementofparentcompany
Unit:RMB/CNY
| Item | 2023semi-annual | 2022semi-annual |
| I.Cashflowsarisingfromoperatingactivities: | ||
| Cashreceivedfromsellingcommoditiesandprovidinglaborservices | 408,104,768.00 | 456,611,209.00 |
| Write-backoftaxreceived | 193,577.27 | 127,947.08 |
| Othercashreceivedconcerningoperatingactivities | 1,220,117,754.90 | 1,390,207,872.37 |
| Subtotalofcashinflowarisingfromoperatingactivities | 1,628,416,100.17 | 1,846,947,028.45 |
| Cashpaidforpurchasingcommoditiesandreceivinglaborservice | ||
| Cashpaidto/forstaffandworkers | 30,688,663.89 | 31,404,815.06 |
| Taxespaid | 27,682,272.82 | 2,411,446.34 |
| Othercashpaidconcerningoperatingactivities | 1,162,985,810.35 | 1,384,817,990.79 |
| Subtotalofcashoutflowarisingfromoperatingactivities | 1,221,356,747.06 | 1,418,634,252.19 |
| Netcashflowsarisingfromoperatingactivities | 407,059,353.11 | 428,312,776.26 |
| II.Cashflowsarisingfrominvestingactivities: | ||
| Cashreceivedfromrecoveringinvestment | 279,000,000.00 | 255,000,000.00 |
| Cashreceivedfrominvestmentincome | 1,245,793.96 | 1,359,602.96 |
| Netcashreceivedfromdisposaloffixed,intangibleandotherlong-termassets | ||
| Netcashreceivedfromdisposalofsubsidiariesandotherunits | ||
| Othercashreceivedconcerninginvestingactivities | 382,533.35 | |
| Subtotalofcashinflowfrominvestingactivities | 280,628,327.31 | 256,359,602.96 |
| Cashpaidforpurchasingfixed,intangibleandotherlong-termassets | 5,580,933.36 | 4,135,551.25 |
| Cashpaidforinvestment | 274,000,000.00 | 145,000,000.00 |
| Netcashreceivedfromsubsidiariesandotherunitsobtained | ||
| Othercashpaidconcerninginvestingactivities | 47,100,000.00 | 216,912,975.11 |
| Subtotalofcashoutflowfrominvestingactivities | 326,680,933.36 | 366,048,526.36 |
| Netcashflowsarisingfrominvestingactivities | -46,052,606.05 | -109,688,923.40 |
| III.Cashflowsarisingfromfinancingactivities: | ||
| Cashreceivedfromabsorbinginvestment | ||
| Cashreceivedfromloans | 342,127,475.10 | |
| Othercashreceivedconcerningfinancingactivities | ||
| Subtotalofcashinflowfromfinancingactivities | 342,127,475.10 | |
| Cashpaidforsettlingdebts | 70,000,000.00 | 370,299,684.12 |
| Cashpaidfordividendandprofitdistributingorinterestpaying | 289,587,041.21 | 289,268,397.83 |
| Othercashpaidconcerningfinancingactivities | ||
| Subtotalofcashoutflowfromfinancingactivities | 359,587,041.21 | 659,568,081.95 |
| Netcashflowsarisingfromfinancingactivities | -359,587,041.21 | -317,440,606.85 |
| IV.Influenceoncashandcashequivalentsduetofluctuationinexchangerate | -1,697.17 | |
| V.Netincreaseofcashandcashequivalents | 1,419,705.85 | 1,181,548.84 |
| Add:Beginningbalanceofcashandcashequivalents | 961,310.17 | 2,264,388.89 |
| VI.Endingbalanceofcashandcashequivalents | 2,381,016.02 | 3,445,937.73 |
7.Consolidatedstatementofchangesinowners’equity
Currentperiod
Unit:RMB/CNY
| Item | 2023semi-annual | ||||||||||||||
| Owners’equityattributabletotheparentCompany | Minorityinterests | Totalowners’equity | |||||||||||||
| Sharecapital | Otherequityinstrument | Capitalreserve | Less:Inventoryshares | Othercomprehensiveincome | Reasonablereserve | Surplusreserve | Provisionofgeneralrisk | Retainedprofit | Other | Subtotal | |||||
| Preferredstock | Perpetualcapitalsecurities | Other | |||||||||||||
| I.Balanceattheendofthelastyear | 1,152,535,254.00 | 0.00 | 0.00 | 0.00 | 1,259,639,656.65 | 0.00 | 0.00 | 220,301.70 | 439,624,164.67 | 0.00 | 1,910,954,084.79 | 0.00 | 4,762,973,461.81 | 69,511,722.40 | 4,832,485,184.21 |
| Add:Changesofaccountingpolicy | |||||||||||||||
| Errorcorrectionofthelastperiod | |||||||||||||||
| Enterprisecombineunderthesamecontrol | |||||||||||||||
| Other | |||||||||||||||
| II.Balanceatthebeginningofthisyear | 1,152,535,254.00 | 0.00 | 0.00 | 0.00 | 1,259,639,656.65 | 0.00 | 0.00 | 220,301.70 | 439,624,164.67 | 0.00 | 1,910,954,084.79 | 0.00 | 4,762,973,461.81 | 69,511,722.40 | 4,832,485,184.21 |
| III.Increase/Decreaseinreportingperiod(Decreaseislistedwith“-”) | 0.00 | 172,922.81 | -119,984,045.19 | -119,811,122.38 | -28,142.46 | -119,839,264.84 | |||||||||
| (i)Totalcomprehensiveincome | 168,149,768.31 | 168,149,768.31 | -487,114.27 | 167,662,654.04 | |||||||||||
| (ii)Owners’devotedanddecreasedcapital | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 490,000.00 | 490,000.00 | |
| 1.Commonsharesinvestedbyshareholders | 490,000.00 | 490,000.00 | |||||||||||||
| 2.Capitalinvestedbyholdersofotherequityinstruments | |||||||||||||||
| 3.Amountreckonedintoownersequitywithshare-basedpayment | |||||||||||||||
| 4.Other | |||||||||||||||
| (III)Profitdistribution | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -288,133,813.50 | 0.00 | -288,133,813.50 | -31,028.19 | -288,164,841.69 |
| 1.Withdrawalofsurplusreserves | |||||||||||||||
| 2.Withdrawalofgeneralriskprovisions | |||||||||||||||
| 3.Distributionforowners(orshareholders) | -288,133,813.50 | -288,133,813.50 | -31,028.19 | -288,164,841.69 | |||||||||||
| 4.Other | |||||||||||||||
| (IV)Carryingforwardinternalowners’equity | |||||||||||||||
| 1.Capitalreservesconvertedtocapital(sharecapital) | |||||||||||||||
| 2.Surplusreservesconvertedtocapital(sharecapital) |
| 3.Remedyinglosswithsurplusreserve | |||||||||||||||
| 4．Carry-overretainedearningsfromthedefinedbenefitplans | |||||||||||||||
| 5．Carry-overretainedearningsfromothercomprehensiveincome | |||||||||||||||
| 6.Other | |||||||||||||||
| (V)Reasonablereserve | 172,922.81 | 172,922.81 | 172,922.81 | ||||||||||||
| 1.Withdrawalinthereportingperiod | 880,675.98 | 880,675.98 | 880,675.98 | ||||||||||||
| 2.Usageinthereportingperiod | 707,753.17 | 707,753.17 | 707,753.17 | ||||||||||||
| (VI)Others | |||||||||||||||
| IV.Balanceattheendofthereportingperiod | 1,152,535,254.00 | 0.00 | 0.00 | 0.00 | 1,259,639,656.65 | 0.00 | 0.00 | 393,224.51 | 439,624,164.67 | 0.00 | 1,790,970,039.60 | 0.00 | 4,643,162,339.43 | 69,483,579.94 | 4,712,645,919.37 |
Lastperiod
Unit:RMB/CNY
| Item | 2022semi-annual | ||||||||||||||
| Owners’equityattributabletotheparentCompany | Minorityinterests | Totalowners’equity | |||||||||||||
| Sharecapital | Otherequityinstrument | Capitalreserve | Less:Inventoryshares | Othercomprehensiveincome | Reasonablereserve | Surplusreserve | Provisionofgeneralrisk | Retainedprofit | Other | Subtotal | |||||
| Preferredstock | Perpetualcapitalsecurities | Other | |||||||||||||
| I.Balanceattheendofthelastyear | 1,152,535,25 | 1,259,639,656.65 | 405,575,490.42 | 1,812,541,701.27 | 4,630,292,102.34 | 66,614,164.37 | 4,696,906,266.71 | ||||||||
| 4.00 | |||||||||||
| Add:Changesofaccountingpolicy | |||||||||||
| Errorcorrectionofthelastperiod | |||||||||||
| Enterprisecombineunderthesamecontrol | |||||||||||
| Other | |||||||||||
| II.Balanceatthebeginningofthisyear | 1,152,535,254.00 | 1,259,639,656.65 | 405,575,490.42 | 1,812,541,701.27 | 4,630,292,102.34 | 66,614,164.37 | 4,696,906,266.71 | ||||
| III.Increase/Decreaseinreportingperiod(Decreaseislistedwith“-”) | -50,606,030.57 | -50,606,030.57 | 5,575,325.32 | -45,030,705.25 | |||||||
| (i)Totalcomprehensiveincome | 237,527,782.93 | 237,527,782.93 | 675,325.32 | 238,203,108.25 | |||||||
| (ii)Owners’devotedanddecreasedcapital | 4,900,000.00 | 4,900,000.00 | |||||||||
| 1.Commonsharesinvestedbyshareholders | 4,900,000.00 | 4,900,000.00 | |||||||||
| 2.Capitalinvestedbyholdersofotherequityinstruments | |||||||||||
| 3.Amountreckonedintoownersequitywithshare-basedpayment | |||||||||||
| 4.Other | |||||||||||
| (III)Profitdistribution | -288,133,813.50 | -288,133,813.50 | -288,133,813.50 | ||||||||
| 1.Withdrawalofsurplusreserves | |||||||||||
| 2.Withdrawalofgeneralriskprovisions | |||||||||||
| 3.Distribution | -288 | -288 | -288, |
| forowners(orshareholders) | ,133,813.50 | ,133,813.50 | 133,813.50 | |||||||||
| 4.Other | ||||||||||||
| (IV)Carryingforwardinternalowners’equity | ||||||||||||
| 1.Capitalreservesconvertedtocapital(sharecapital) | ||||||||||||
| 2.Surplusreservesconvertedtocapital(sharecapital) | ||||||||||||
| 3.Remedyinglosswithsurplusreserve | ||||||||||||
| 4．Carry-overretainedearningsfromthedefinedbenefitplans | ||||||||||||
| 5．Carry-overretainedearningsfromothercomprehensiveincome | ||||||||||||
| 6.Other | ||||||||||||
| (V)Reasonablereserve | ||||||||||||
| 1.Withdrawalinthereportingperiod | 723,692.27 | 723,692.27 | 723,692.27 | |||||||||
| 2.Usageinthereportingperiod | 723,692.27 | 723,692.27 | 723,692.27 | |||||||||
| (VI)Others | ||||||||||||
| IV.Balanceattheendofthereportingperiod | 1,152,535,254.00 | 1,259,639,656.65 | 405,575,490.42 | 1,761,935,670.70 | 4,579,686,071.77 | 72,189,489.69 | 4,651,875,561.46 |
8.Statementofchangesinowners’equity(parentcompany)
Currentperiod
Unit:RMB/CNY
| Item | 2023semi-annual | |||||||||||
| Sharecapital | Otherequityinstrument | Capitalreserv | Less:Inventory | Othercomprehensive | Reasonablereserve | Surplusreserve | Retainedprofit | Other | Totalowners’equity | |||
| Prefe | Perp | Othe | ||||||||||
| rredstock | etualcapitalsecurities | r | e | shares | income | |||||||
| I.Balanceattheendofthelastyear | 1,152,535,254.00 | 0.00 | 0.00 | 0.00 | 3,018,106,568.27 | 0.00 | 0.00 | 0.00 | 167,219,736.53 | 313,453,835.38 | 0.00 | 4,651,315,394.18 |
| Add:Changesofaccountingpolicy | ||||||||||||
| Errorcorrectionofthelastperiod | ||||||||||||
| Other | ||||||||||||
| II.Balanceatthebeginningofthisyear | 1,152,535,254.00 | 0.00 | 0.00 | 0.00 | 3,018,106,568.27 | 0.00 | 0.00 | 0.00 | 167,219,736.53 | 313,453,835.38 | 0.00 | 4,651,315,394.18 |
| III.Increase/Decreaseinreportingperiod(Decreaseislistedwith“-”) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -248,203,380.84 | -248,203,380.84 | |
| (i)Totalcomprehensiveincome | 39,930,432.66 | 39,930,432.66 | ||||||||||
| (ii)Owners’devotedanddecreasedcapital | ||||||||||||
| 1.Commonsharesinvestedbyshareholders | ||||||||||||
| 2.Capitalinvestedbyholdersofotherequityinstruments | ||||||||||||
| 3.Amountreckonedintoownersequitywithshare-basedpayment | 0.00 | |||||||||||
| 4.Other | 0.00 | |||||||||||
| (III)Profitdistribution | -288,133,813.50 | -288,133,813.50 | ||||||||||
| 1.Withdrawalofsurplusreserves | 0.00 |
| 2.Distributionforowners(orshareholders) | -288,133,813.50 | -288,133,813.50 | ||||||||||
| 3.Other | 0.00 | |||||||||||
| (IV)Carryingforwardinternalowners’equity | 0.00 | |||||||||||
| 1.Capitalreservesconvertedtocapital(sharecapital) | 0.00 | |||||||||||
| 2.Surplusreservesconvertedtocapital(sharecapital) | 0.00 | |||||||||||
| 3.Remedyinglosswithsurplusreserve | 0.00 | |||||||||||
| 4．Carry-overretainedearningsfromthedefinedbenefitplans | 0.00 | |||||||||||
| 5．Carry-overretainedearningsfromothercomprehensiveincome | 0.00 | |||||||||||
| 6.Other | 0.00 | |||||||||||
| (V)Reasonablereserve | 0.00 | |||||||||||
| 1.Withdrawalinthereportingperiod | 0.00 | |||||||||||
| 2.Usageinthereportingperiod | 0.00 | |||||||||||
| (VI)Others | 0.00 | |||||||||||
| IV.Balanceattheendofthereportingperiod | 1,152,535,254.00 | 0.00 | 0.00 | 0.00 | 3,018,106,568.27 | 0.00 | 0.00 | 0.00 | 167,219,736.53 | 65,250,454.54 | 0.00 | 4,403,112,013.34 |
Lastperiod
Unit:RMB/CNY
| Item | 2022semi-annual | |||||||||||
| Sharecapital | Otherequityinstrument | Capitalreserve | Less:Inventoryshares | Othercomprehensiveincome | Reasonablereserve | Surplusreserve | Retainedprofit | Other | Totalowners’equity | |||
| Preferred | Perpetualcapit | Other | ||||||||||
| stock | alsecurities | |||||||||
| I.Balanceattheendofthelastyear | 1,152,535,254.00 | 3,018,106,568.27 | 133,171,062.28 | 295,149,580.63 | 4,598,962,465.18 | |||||
| Add:Changesofaccountingpolicy | ||||||||||
| Errorcorrectionofthelastperiod | ||||||||||
| Other | ||||||||||
| II.Balanceatthebeginningofthisyear | 1,152,535,254.00 | 3,018,106,568.27 | 133,171,062.28 | 295,149,580.63 | 4,598,962,465.18 | |||||
| III.Increase/Decreaseinreportingperiod(Decreaseislistedwith“-”) | -226,114,901.23 | -226,114,901.23 | ||||||||
| (i)Totalcomprehensiveincome | 62,018,912.27 | 62,018,912.27 | ||||||||
| (ii)Owners’devotedanddecreasedcapital | ||||||||||
| 1.Commonsharesinvestedbyshareholders | ||||||||||
| 2.Capitalinvestedbyholdersofotherequityinstruments | ||||||||||
| 3.Amountreckonedintoownersequitywithshare-basedpayment | ||||||||||
| 4.Other | ||||||||||
| (III)Profitdistribution | -288,133,813.50 | -288,133,813.50 | ||||||||
| 1.Withdrawalofsurplusreserves | ||||||||||
| 2.Distributionforowners | -288,133,813.5 | -288,133,813.50 |
| (orshareholders) | 0 | |||||||
| 3.Other | ||||||||
| (IV)Carryingforwardinternalowners’equity | ||||||||
| 1.Capitalreservesconvertedtocapital(sharecapital) | ||||||||
| 2.Surplusreservesconvertedtocapital(sharecapital) | ||||||||
| 3.Remedyinglosswithsurplusreserve | ||||||||
| 4．Carry-overretainedearningsfromthedefinedbenefitplans | ||||||||
| 5．Carry-overretainedearningsfromothercomprehensiveincome | ||||||||
| 6.Other | ||||||||
| (V)Reasonablereserve | ||||||||
| 1.Withdrawalinthereportingperiod | ||||||||
| 2.Usageinthereportingperiod | ||||||||
| (VI)Others | ||||||||
| IV.Balanceattheendofthereportingperiod | 1,152,535,254.00 | 3,018,106,568.27 | 133,171,062.28 | 69,034,679.40 | 4,372,847,563.95 |
III.BasicinformationofCompany
1.CompanyprofileShenzhenCerealsHoldingsCo.,Ltd.(formerlytheShenzhenShenbaoIndustrialCo.,Ltd.,hereinafterreferredtoas“SZCH”,“Company”or“theCompany”),formerlynamedShenzhenShenbaoCannedFoodCompany,obtainedapproval(Document(1991)No.978)fromShenzhenMunicipalPeople’sGovernmenttochangetothenameasShenzhenShenbaoIndustrialCo.,Ltd.onAugust1991.ApprovedbythePeople’sBankof
China(Document(1991)No.126),theCompanywaslistedonShenzhenStockExchange.TheCompanybelongstothegrain,oil,foodandbeverageindustry.AsofJune30,2023,thecumulativeamountofsharesissuedbytheCompanywas1,152,535,254shareswithregisteredcapitalof1,152,535,254.00yuan.Registeredaddress:Shenzhen,GuangdongProvince;HQoftheCompany:8/F,TowerB,No.4Building,SoftwareIndustryBase,SouthDistrict,Science&TechnologyPark,XuefuRd.,YuehaiStreet,NanshanDistrict,Shenzhen.MainbusinessoftheCompany:generaloperatingitems:Purchaseandsalesofgrainandoil,grain&oilreserves;operationandprocessingofgrain&oilproducts;productionoftea,teaproducts,teaandnaturalplantextract,cannedfoods,beveragesandnativeproducts(businesslicenseoftheproductionplaceshallbeseparatelyappliedfor);feedmanagementandprocessing(outsourcing);investment,operationanddevelopmentofgrain&oillogistics,feedlogisticsandteagardenetc.;salesoffeedandtea;warehousingservices;foodcirculationservices;modernfoodsupplychainservices;technologydevelopmentandservicesofgrain&oil,tea,plantproducts,softdrinksandfoods;constructionofE-commerceandinformation,ITdevelopmentandsupportingservices;industrialinvestment(specificitemswillbedeclaredseparately);domestictrade;operatingtheimportandexportbusiness;engagedinrealestatedevelopmentandoperationonthelandswheretheright-to-usehasbeenlegallyacquired;development,operation,leasingandmanagementoftheownproperty;propertymanagement;providingmanagementservicestohotels.(itemsmentionedabovewhichareinvolvedinapprovalfromnationallaws,administrativeregulationsanddecisionofthestatecouncil,mustbesubmittedforexaminationandapprovalbeforeoperation).Licensedbusinessitem:wholesaleofprepackagedfood(excludingreheatingprepackagedfood)(innon-physicalway);informationservice(internetinformationserviceonly);generalfreight,professionaltransportation(refrigerationandpreservation).TheparententerpriseoftheCompanyisShenzhenFoodMaterialsGroupCo.,LtdandtheactualcontrolleroftheCompanyisShenzhenMunicipalPeople’sGovernmentState-ownedAssetsSupervision&AdministrationCommissionFormoredetailsofchangeoftheconsolidationscopeinthereportingperiod,pleasereferto“NoteVIII.Changeofconsolidationscope”Formoredetailsofsubsidiariesofthecompany,pleasereferto“NoteIX.Equityinotherentities”.
IV.Basisofpreparationoffinancialstatements
1.BasisofpreparationThefinancialstatementarepreparedinlinewiththeAccountingStandardsforBusinessEnterprise-BasicStandardissuedbyMinistryofFinanceandspecificaccountingprincipleaswellastheapplicationguidancefortheaccountingprinciplesforenterprise,interpretationtotheaccountingprinciplesforenterpriseandotherrelated
requirements(hereinafterreferredtoasAccountingStandardsforBusinessEnterprise),combiningtheInformationDisclosurePreparationRulesforCompanyPublicIssuingSecuritiesNo.15-GeneralRulesforFinancialReportoftheCSRC.
2.GoingconcernThefinancialstatementhasbeenpreparedonagoingconcernbasis.
V.Majoraccountingpolicyandaccountingestimate
Specificaccountingpoliciesandaccountingestimatetips:
Thefollowingdisclosurecontentscoverthespecificaccountingpoliciesandestimatesformulatedbythecompanybasedontheactualproductionandoperationcharacteristics.Pleasereferto“15.Inventory”,“24.FixedAssets”,and“39.Revenue”inthisnotefordetails.
1.StatementforobservationofAccountingStandardforBusinessEnterpriseThefinancialstatementspreparedbytheCompanyareinaccordancetorequirementsofAccountingStandardforBusinessEnterpriseissuedbyMinistryofFinance,whichtrulyandcompletelyreflectthefinancialstatusoftheCompanyandparentcompanyonJune30,2023,aswellastheconsolidateandparentcompany’soperationalresultsandcashflowintheperiodfromJanuarytoJune2023.
2.AccountingperiodCalendaryearistheaccountingperiodfortheCompany,thatisfallstotherangestartingfrom1Januaryto31December.
3.BusinesscycleThebusinesscycleoftheCompanyis12months.
4.RecordingcurrencyTheCompanyanditssubsidiariestakeRMBasthestandardcurrencyforbookkeeping.
5.Accountingtreatmentmethodforbusinesscombinationsunderthesame/differentcontrolBusinesscombinationunderthesamecontrol:TheassetsandliabilitiestheCompanyacquiredinabusinesscombinationshallbemeasuredinaccordancewithbookvalueofassets,liabilities(includingtheultimatecontrollingpartyofgoodwillacquiredbythemergingpartiesandtheformationof)statedincombinedfinancial
reportoftheultimatecontrollingpartyonthemergerdate.Thenetbookvalueofassetsandthepaymentofthemergerconsiderationinthemergerbookvalue(ornominalvalueofsharesissued)shallbeadjustedinthesharepremiumofreservecapital.thesharepremiumincapitalreserveisnotenoughfordeducting,retainedearnings.Businesscombinationnotunderthesamecontrol:Combinationcostisthefairvalueoftheassetspaid,theliabilitiesincurredorassumedbythepurchaserfortheacquisitionofthecontrolofthepurchaserandtheequitysecuritiesissuedonthepurchasedate.Thedifferencebetweenthefairvalueandbookvalueisrecognizedinprofitorloss.GoodwillisrealizedbytheCompanyasforthedifferencebetweenthecombinationcostandthefairvalueoftherecognizablenetassetsoftheacquireeacquiredbyacquirerinsuchbusinesscombination.Incasethattheabovecostislessthantheabovefairvalueevenwithre-review,thenthedifferenceshallberecordedincurrentgains/losses.Eachidentifiableassets,liabilitiesandcontingentliabilityoftheacquireeacquiredinacombinationthatqualifiesforrecognitionismeasuredbyfairvalueatthedateofpurchase.Thedirectexpensesincurredinthebusinesscombinationarerecordedintocurrentgains/losses;thetradingfeesforissuingequitysecuritiesordebtsecuritiesforthebusinesscombinationshallberecordedintotheinitialconfirmationamountofequitysecuritiesordebtsecurities.
6.Methodsforpreparationofconsolidatedfinancialstatements
6.1ConsolidationscopeTheconsolidationscopeoftheconsolidatedfinancialstatementsoftheCompanyisfixedonthebasisofcontrol,whichincludestheCompanyandallsubsidiaries.ControlmeansthattheCompanyhaspowerovertheinvestee,enjoysvariablereturnsthroughitsparticipationintheinvestee’srelatedactivities,andhastheabilitytoinfluencetheamountofreturnsbyusingthepowerovertheinvestee.
6.2ConsolidationprocedureTheCompanyregardstheentireenterprisegroupasanaccountingentityandpreparesconsolidatedfinancialstatementsinaccordancewithunifiedaccountingpoliciestoreflecttheoverallfinancialstatus,operatingresultsandcashflowoftheenterprisegroup.Theinfluenceofinternaltransactionsbetweenthecompanyanditssubsidiariesandamongthesubsidiariesshallbeoffset.Ifinternaltransactionsindicatethattherelevantassetshavesufferedimpairmentlosses,suchlossesshallbeconfirmedinfull.IftheaccountingpolicyandaccountingperiodadoptedbythesubsidiaryareinconsistentwiththeCompany,whenpreparingtheconsolidatedfinancialstatements,makenecessaryadjustmentsinaccordancewiththeCompany'saccountingpolicyandaccountingperiod.Theowners’equityofsubsidiaries,currentnetgains/lossesandcurrentcomprehensiveincomebelongingtominorityshareholdersshallbelistedrespectivelyunderitemofowners’equityintheconsolidatedbalancesheet,itemofnetprofitinprofitsheetanditemoftotalcomprehensiveincome.Thebalancearisingfromthecurrentlosssharedbytheminorityshareholdersofasubsidiaryexceedingtheminorityshareholders’shareintheinitial
owners’equityofthesubsidiaryshallbeoffsetagainsttheminorityshareholders’equity.
1)IncreaseofsubsidiaryorbusinessDuringthereportingperiod,themergeroftheenterprisesunderthesamecontrolresultsinadditionalsubsidiariesorbusiness,theoperationresultsandcashflowofthesubsidiariesorbusinessfrombeginningtotheendofthereportingshallbeincludedintheconsolidatedprofitstatement;alsoadjusttheopeningfiguresoftheconsolidatedfinancialstatementsandtherelateditemsinthecomparativestatements,theconsolidatedreportingbodyisconsideredtohaveexistedsincethepointwhentheultimatecontrollerbegantocontrolit.Ifadditionalinvestmentandotherreasonscanleadinvesteetobecontrolledunderthesamecontrol,equityinvestmentsmadebeforeobtainingcontrollingright,relevantgains/lossesandothercomprehensiveincomeaswellasotherchangesinnetassetsconfirmedduringthelatterdatebetweenpointobtainingoriginalequityandcombinedpartyandcombineeunderthesamecontroldaytothecombinedday,shallbeoffsetagainsttheretainedearningsorprofitorlossofthecomparativereportingperiod.Duringthereportingperiod,ifasubsidiaryorbusinessisaddedduetoabusinesscombinationnotunderthesamecontrol,itshallbeincludedintheconsolidatedfinancialstatementsonthebasisofthefairvalueofvariousidentifiableassets,liabilitiesandcontingentliabilitiesdeterminedonthepurchasedate.Equityheldfrominvesteebeforeacquisitiondateshallbemeasuredatfairvalueofacquisitiondateifadditionalinvestmentandotherreasonscanleadinvesteetobecontrolledunderthesamecontrol.Differencebetweenthefairvalueandthebookvalueisrecognizedasinvestmentincome.Othercomprehensiveincomeandotherchangesinowner’sequityundertheequitymethodofaccountingthatcanbereclassifiedtoprofitorlossatalaterdatearetransferredtoinvestmentincomefortheperiodtowhichtheybelongatthedateofpurchase.
2)Disposalofsubsidiaries
①GeneralapproachIflosingcontrollingrighttoinvesteeduetodisposalofpartialequity,theremainingequityafterthedisposalshallbere-measuredatfairvalueatthedatewhencontrolislost.Priceofequitydisposalplusfairvalueoftheremainingequity,thensubtractingnetassetsheldfromtheformersubsidiaryfromtheacquisitiondateorcombinationdateinitiallymeasuredinaccordancewithoriginalstakeandgoodwill,thedifferenceshallbeincludedininvestmentincomeoftheperiodlosingcontrollingright.Othercomprehensiveincomeandotherchangesinowner’sequityundertheequitymethodofaccountingrelatedtoequityinvestmentsinformersubsidiariesthatcanbereclassifiedtoprofitorlossinthefuturearetransferredtoinvestmentincomeinthecurrentperiodwhencontrolislost.
②StepdisposalofsubsidiariesAsmultipletransactionsoverdisposalofthesubsidiary'sequityleadtolossofcontrollingright,ifthetermsofthetransaction,situationandeconomicimpactsubjecttooneoraboveofthefollowingconditions,usuallyitindicates
repeatedtransactionsshouldbeaccountedforasapackagedeal:
i.Thesetransactionsaremadeconsideringatthesametimeorinthecaseofmutualimpact;ii.Thesetransactionsonlyreachacompletebusinessresultswhenasawhole;iii.Atransactionoccursdependingontheoccurrenceofatleastoneothertransaction;iv.Singletransactionisnoteconomical,butconsideredtogetherwithothertransactionsitiseconomical.Ifeachtransactionisapackagetransaction,eachtransactionisaccountedforasadisposalofasubsidiaryandlossofcontrol;beforethelossofcontrolthedifferencebetweenthedisposalpriceandthecorrespondingnetassetsofthesubsidiary,recognizedasothercomprehensiveincomeintheconsolidatedfinancialstatements,intocurrentgains/lossesatcurrentperiodwhenlosingcontrollingright.Ifeachtransactionsdoesn’tformapackagedeal,equityheldfromsubsidiaryshallbeaccountedinaccordancewithrelevantrulesbeforelosingcontrollingright,whileinaccordancewithgeneralaccountingtreatmentwhenlosingcontrollingright.
3)PurchaseofaminoritystakeinsubsidiaryLong-termequityinvestmentoftheCompanyforthepurchaseofminorityinterestsinaccordancewiththenewlyacquiredstakeinthenewcalculationshallbeentitledtothedifferencebetweenthenetassetsfromtheacquisitiondate(orcombinationdate)initiallymeasuredbetweentheconsolidatedbalancesheetadjustmentcapitalbalanceofthesharepremiuminthecapitalreservesharepremiuminsufficient,anyexcessisadjustedtoretainedearnings.
4)DisposalofequityinsubsidiarywithoutlosingcontrolDisposalpriceanddisposaloflong-termequityinvestmentduetopartialdisposalofsubsidiariesandlong-termequityinvestmentmadebetweentherelativenetassetsfromthepurchasedateorthedateofmergerinitiallymeasuredatthedifferencebetweenthesubsidiaryshallenjoy,theconsolidatedbalancesheetadjustmentinthebalanceofthesharepremium,capitalbalanceofthesharepremiuminsufficient,anyexcessisadjustedtoretainedearnings.
7.ClassificationofjointventurearrangementandaccountingforjointoperationsThejointventurearrangementaredividedintojointoperationsandjointventures.Thejointoperationimpliesajointventurearrangementinwhichthejointventuresenjoystheassetsandbeartheliabilitiesassociatedwiththearrangement.TheCompanyrecognizedthefollowingitemsrelatedtoitssharesofinterestinthejointoperation:
1)RecognitionoftheassetsheldseparatelybytheCompany,andrecognitionofthejointlyheldassetsbasedontheshareoftheCompany;
2)RecognitionoftheliabilitiesbornbytheCompanyindividuallyandliabilitiesbornjointlyinproportionto
theshares;
3)Recognitionofrevenuefromthesalesofthesharesofcommonoperatingoutput;
4)Recognitionoftherevenuefromjointoperationarisingfromthesaleoftheoutputattheshares;
5)Recognitionoftheseparatelyincurredcostsandrecognitionoftheexpensesincurredinjointoperationsbasedontheshares;Investmentinjointventureismeasuredwithequitymethod.Formoredetails,pleasereferto“NoteV(22)Long-termequityinvestment”
8.RecognitionstandardsforcashandcashequivalentsCashreferstothecashonhandandcashequivalentsofdepositsthatcanbeusedforpaymentatanytime.CashequivalentreferstotheinvestmentheldbytheCompanywithshortmaturityandstrongliquiditythatareeasytobeconvertedintoknownamountswithlittleriskofchangeincashvalue.
9.Foreigncurrencybusinessandconversionofforeigncurrencystatement
9.1ForeigncurrencybusinessTheforeigncurrencybusinessusesthespotexchangerate(or:usinganexchangeratedeterminedinaccordancewithasystematicandreasonablemethodthatapproximatesthespotrateonthedateofthetransaction.Tip:ifthemethodisused,whatmethodandwhatcalibershouldbespecified)onthetransactiondateastheconversionratetoconverttheforeigncurrencyamountintoRMB.Thebalanceofforeigncurrencymonetaryitemsonthebalancesheetdateisconvertedatthespotexchangerateonthebalancesheetdate.Theresultingexchangedifferences,exceptthatthebalanceofexchangegeneratedfromtheforeigncurrencyspecialborrowingsrelatedtotheassetswhoseacquisitionandconstructionareeligibleforcapitalizationisdisposedinaccordancewiththeprincipleofborrowingcostscapitalization,areincludedinthecurrentgains/losses.
9.2ConversionofforeigncurrencyfinancialstatementsAssetsandliabilitiesinthebalancesheetareconvertedatthespotexchangerateonthebalancesheetdate;exceptforthe“undistributedprofit”item,otheritemsoftheowner'sequityitemsareconvertedatthespotexchangerateatthetimeofoccurrence.Incomeandexpenseitemsintheincomestatementareconvertedatthespotexchangerate(or:usinganexchangeratedeterminedinaccordancewithasystematicandreasonablemethodthatapproximatesthespotrateonthedateofthetransaction.Tip:ifthemethodisused,whatmethodandwhatcalibershouldbespecified)onthetransactiondate.Whendisposinganoverseasoperation,thetranslationdifferenceoftheforeigncurrencyfinancialstatementsrelatedtotheoverseasoperationistransferredfromtheowner'sequityitemstothedisposalofthecurrentgains/losses.
10.FinancialinstrumentsTheCompanyrecognizesafinancialassets,financialliabilitiesorequityinstrumentwhenitbecomesapartytoafinancialinstrumentcontract.
10.1CategoriesoffinancialinstrumentsAccordingtothebusinessmodelofmanagingfinancialassetsandthecontractualcashflowcharacteristicsoffinancialassets,atinitialrecognition,theCompanyclassifiesthefinancialassetsintothefinancialassetsmeasuredatamortizedcost,thefinancialassets(debtinstrument)measuredatfairvalueandwhosechangesareincludedinothercomprehensiveincome,andthefinancialassetsmeasuredatfairvalueandwhosechangesareincludedincurrentgainorloss.TheCompanyclassifiesthefinancialassetsthatmeetthefollowingconditionsandarenotdesignatedtobemeasuredatfairvalueandwhosechangesarerecordedintothecurrentgain/lossesasfinancialassetsmeasuredatamortizedcost:
－thebusinessmodeisaimedatcollectingcontractualcashflows;－contractualcashflowsrepresentonlypaymentsofprincipalandinterestbasedontheoutstandingprincipalamount.TheCompanyclassifiesthefinancialassets(debtinstruments)thatmeetthefollowingconditionsandarenotspecifiedasmeasuredatfairvalueandwhosechangesarerecordedintothecurrentgain/lossesasfinancialassets(debtinstruments)measuredatfairvalueandwhosechangesarerecordedintoothercomprehensiveincome:
－thebusinessmodelisaimedatboththecollectionofcontractualcashflowsandthesalesofthefinancialassets;－contractualcashflowsrepresentonlypaymentsofprincipalandinterestbasedontheoutstandingprincipalamount.Fornon-tradingequityinstrumentinvestment,theCompanydetermineswhetheritisdesignatedasafinancialasset(equityinstrument)measuredatfairvalueandwhosechangesareincludedinothercomprehensiveincomeattheinitialrecognition.Thedesignationismadeonasingleinvestmentbasisandtherelatedinvestmentmeetthedefinitionofanequityinstrumentfromanissuer’sperspective.Exceptfortheabove-mentionedfinancialassetsmeasuredatamortizedcostandatfairvaluewithchangesincludedinothercomprehensiveincome,theCompanyclassifiesallotherfinancialassetsasfinancialassetsmeasuredatfairvalueandwithchangesincludedincurrentgains/losses.Atthetimeofinitialrecognition,ifaccountingmismatchescanbeeliminatedorsignificantlyreduced,theCompanycanirrevocablydesignatethefinancialassetsthatshouldbeclassifiedasfinancialassetsmeasuredatamortizedcostormeasuredatfairvalueandwhosechangesareincludedinothercomprehensiveincomeasthefinancialassetsmeasuredatfairvalueandwhosechangesareincludedinthecurrentgains/losses.
Intheinitialrecognition,financialliabilitiesareclassifiedasthefinancialliabilitiesmeasuredatfairvalueandwhosechangesareincludedincurrentgains/lossesandthefinancialliabilitiesmeasuredatamortizedcost.Financialliabilitiesthatmeetoneofthefollowingconditionscanbedesignatedasfinancialliabilitiesmeasuredatfairvalueandwhosechangesareincludedincurrentgains/lossesintheinitialmeasurement:
1)Thedesignationcaneliminateorsignificantlyreduceaccountingmismatches.
2)Accordingtotheenterpriseriskmanagementorinvestmentstrategyspecifiedintheofficialwrittendocument,manageandmakeperformanceevaluationofthefinancialliabilityportfolioorfinancialassetsandfinancialliabilityportfoliobasedonfairvalue,andreporttothekeymanagementpersonnelbasedonthis.
3)Thefinancialliabilityincludesembeddedderivativesthatneedtobeseparatelysplit.
10.2Recognitionandmeasurementforfinancialinstrument
1)FinancialassetsmeasuredbyamortizedcostFinancialassetsmeasuredbyamortizedcostincludenotesreceivable,accountsreceivable,otherreceivables,long-termreceivables,anddebtinvestment,whichareinitiallymeasuredbyfairvalue,andrelatedtransactioncostsareincludedintheinitialrecognitionamount.TheaccountsreceivablenotincludingmajorfinancingcomponentsandtheaccountsreceivablethattheCompanydecidesnottoconsiderthefinancingcomponentofnotmorethanoneyearareinitiallymeasuredatthecontracttransactionprice.Interestcalculatedbytheeffectiveinterestmethodduringtheholdingperiodisincludedinthecurrentgains/losses.Whenrecoveringordisposing,thedifferencebetweenthepriceobtainedandthebookvalueofthefinancialassetisincludedinthecurrentgains/losses.
2)Financialassets(debtinstruments)measuredbyfairvalueandwhosechangesareincludedinothercomprehensiveincomeFinancialassets(debtinstruments)measuredbyfairvalueandwhosechangesareincludedinothercomprehensiveincome,includingreceivablesfinancing,otherdebtinvestment,etc.,areinitiallymeasuredbyfairvalue,andrelatedtransactionexpensesareincludedintheinitialrecognitionamount.Thefinancialassetsaresubsequentlymeasuredbyfairvalue,andthechangesinfairvalueareincludedinothercomprehensiveincomeexceptforinterest,impairmentlossesorgainsandexchangegains/lossescalculatedbyusingtheeffectiveinterestmethod.Whenafinancialassetisderecognized,theaccumulatedgainorlosspreviouslyincludedinothercomprehensiveincomeistransferredfromothercomprehensiveincomeandincludedincurrentgains/losses.
3)Financialassets(equityinstruments)measuredbyfairvalueandwhosechangesareincludedinothercomprehensiveincomeFinancialassets(equityinstruments)measuredbyfairvalueandwhosechangesareincludedinothercomprehensiveincome,includingotherequityinstruments,etc.,areinitiallymeasuredbyfairvalue,andrelatedtransactionexpensesareincludedintheinitiallyrecognizedamount.Thefinancialassetsaresubsequentlymeasuredbyfairvalue,andchangesinfairvalueareincludedinothercomprehensiveincome.Thedividendsobtainedareincludedinthecurrentgains/losses.Whenafinancialassetisterminatedforrecognition,theaccumulatedgainsorlossespreviouslyincludedinothercomprehensiveincomeistransferredfromothercomprehensiveincomeandincludedinretainedearnings.
4)Financialassetsmeasuredbyfairvalueandwhosechangesareincludedincurrentgains/lossesFinancialassetsmeasuredbyfairvalueandwhosechangesareincludedincurrentgains/losses,includingtradablefinancialassets,derivativefinancialassetsandothernon-currentfinancialassets,etc.,areinitiallymeasuredbyfairvalue,andrelatedtransactionexpensesareincludedintheinitialrecognitionamount.Thefinancialassetsaresubsequentlymeasuredbyfairvalue,andchangesinfairvaluearerecognizedincurrentgains/losses.
5)Financialliabilitiesmeasuredbyfairvalueandwhosechangesareincludedincurrentgains/lossesFinancialliabilitiesmeasuredbyfairvalueandwhosechangesareincludedincurrentgains/losses,includingtransactionfinancialliabilities,derivativefinancialliabilities,etc.,areinitiallymeasuredbyfairvalue,andrelatedtransactionexpensesareincludedincurrentgains/losses.Thefinancialliabilitiesaresubsequentlymeasuredbyfairvalue,andchangesinfairvalueareincludedincurrentgains/losses.Whenafinancialliabilityisterminatedforrecognition,thedifferencebetweenbookvalueandtheconsiderationpaidshallberecordedintothecurrentgains/losses.
6)FinancialliabilitiesmeasuredbyamortizedcostFinancialliabilitiesmeasuredbyamortizedcost,includingshort-termborrowings,billspayable,accountspayable,otherpayable,long-termborrowings,bondspayable,andlong-termpayable,areinitiallymeasuredbyfairvalue,andrelatedtransactionexpensesareincludedintheinitialrecognitionamount.Interestcalculatedbytheeffectiveinterestmethodduringtheholdingperiodisincludedinthecurrentgains/losses.Whenafinancialliabilityisterminatedforrecognition,thedifferencebetweentheconsiderationpaidandthebookvalueofthefinancialliabilityisincludedincurrentgains/losses.
10.3TerminationofrecognitionandtransferoffinancialassetsIfoneofthefollowingconditionsissatisfied,theCompanyshallterminatetherecognitionoffinancialassets:
－thecontractualrightstoreceivecashflowsfromfinancialassetsterminates;－thefinancialassethasbeentransferredandvirtuallyalltherisksandrewardsoftheownershipofthefinancialassethavebeentransferredtothetransferee;－thefinancialassetshavebeentransferred.Althoughthecompanyhasneithertransferrednorretainednearlyalltherisksandrewardsofownershipofthefinancialassets,ithasnotretainedcontrolofthefinancialassetsWhentransferoffinancialassetsoccurs,ifsubstantiallyalltherisksandrewardsofownershipofthefinancialassetareretained,therecognitionofthefinancialassetshallnotbeterminated.Whenjudgingwhetherornottheaforesaidterminalrecognitionconditionforfinancialassetsisarrivedatfortransferoffinancialassets,theCompanygenerallyadoptstheprinciplethatsubstanceoverweighsformat.TheCompanydividessuchtransferintoentiretransferandpartialtransfer.Asfortheentiretransfermeetingconditionfordiscontinuedrecognition,balancebetweenthefollowingtwoitemsisrecordedincurrentgains/losses:
1)Carryingvalueoffinancialassetsintransfer;
2)Aggregateoftheconsiderationreceivedfromtransferandaccumulativemovementsoffairvalueoriginally
recordedinowners’equitydirectly(applicableforthefinancialassets(debtinstrument)measuredbyfairvalueandwhosechangesarerecordedintoothercomprehensiveincome)Asforthepartialtransfermeetingconditionfordiscontinuedrecognition,entirecarryingvalueoffinancialassetsintransferissharedbydiscontinuedrecognitionpartandcontinuedrecognitionpart,inlightoftheirrespectivefairvalue.Balancebetweenthefollowingtwoitemsisrecordedincurrentgains/losses:
1)Carryingvalueofdiscontinuedrecognitionpart;
2)Aggregateoftheconsiderationofdiscontinuedrecognitionpartandamountofsuchpartattributableto
accumulativemovementsoffairvalueoriginallyrecordedinowners’equitydirectly(applicablewhenfinancialassetsinvolvedintransferbelongtofinancialassets(debtinstrument)measuredbyfairvalueandwhosechangesareincludedinothercomprehensiveincome).Financialassetsarestillsubjecttorecognitioniftransferofsuchassetsdoesn’tsatisfytheconditionfordiscontinuedrecognition.Andconsiderationreceivedisrecognizedasfinancialliability.
10.4TerminatingtherecognitionoffinancialliabilityAsforthefinancialliabilitieswithitswholeorpartialpresentobligationsreleased,thecompanyshallterminatetherecognitionforsuchfinancialliabilitiesorpartofit.Ifthecompanyentersintoagreementwithitscreditortosubstitutefortheexistingfinancialliabilitiesbymeansofassumingnewfinancialliabilities,thecompanyshallterminatetherecognitionfortheexistingfinancialliabilitiesandrecognizethenewfinancialliabilitiesprovidedthatthecontractclausesofthenewandtheexistingfinancialliabilitiesaredifferentinsubstance.
Ifthecompanymakessubstantialamendmenttothewholeorpartialcontractclausesoftheexistingfinancialliabilities,itshallterminatetherecognitionfortheexistingfinancialliabilitiesorpartofit.Meanwhile,thefinancialliabilitieswithamendmenttoitsclausesshallberealizedasnewfinancialliabilities.Incaseofterminatingtherecognitionoffinancialliabilitiesinwholeorpart,thedifferencebetweenthecarryingvalueofsuchfinancialliabilitiesandconsiderationpaid(includingthenon-cashassetsexchangedornewfinancialliabilitiesassumed)shallberecordedincurrentgains/losses.Incasethatthecompanyrepurchasespartoffinancialliabilities,basedonthecomparativefairvalueofthecontinuingrecognitionpartandthederecognizingpart,thecompanyshallallocatethecarryingvalueofthefinancialliabilitiesinwholeontherepurchasedate.Differencebetweenthecarryingvalueallocatedtothederecognizingpartandtheconsiderationpaid(includingthenon-cashassetsexchangedornewfinancialliabilitiesassumed)shallberecordedincurrentgains/losses.
10.5RecognitionmethodforfairvalueoffinancialassetsandfinancialliabilitiesAsforthefinancialinstrumentwithanactivemarket,thefairvalueisdeterminedbytheofferoftheactivemarket;incasethereisnoactivemarketforafinancialinstrument,thevaluationtechniqueswillbeusedtodetermineitsfairvalue.Atthetimeofvaluation,theCompanyadoptsapplicablevaluationtechniquesinthepresentcaseforwhichthereisenoughavailabledataandotherinformationtechnologytosupportvaluation,choosesinputvaluesthatareconsistentwiththeassetorliabilitycharacteristicsconsideredbymarketparticipantsinthetransactionofrelatedassetsorliabilities,andprioritizestheuseofrelevantobservableinputvalues.Whererelevantobservableinputscannotgetordonotgetasfaraspracticable,theuseofun-observableinputs.
10.6TestingofthefinancialassetsimpairmentandaccountingtreatmentTheCompanyestimatestheexpectedcreditlossesoffinancialassetsmeasuredbyamortizedcost,financialassets(debtinstruments)measuredatfairvalueandwhosechangesareincludedinothercomprehensiveincome,andfinancialguaranteecontractsinasingleorcombinedway.TheCompanyconsidersreasonableandwell-foundedinformationaboutpastevents,currentconditions,andforecastsoffutureeconomicconditions,andusestheriskofdefaultastheweighttocalculatetheprobability-weightedamountofthepresentvalueofthedifferencebetweenthecashflowreceivablefromthecontractandthecashflowexpectedtobereceivedtoconfirmtheexpectedcreditloss.Ifthecreditriskofthefinancialinstrumenthasrisensignificantlysincetheinitialrecognition,theCompanymeasuresitslossprovisionbasedontheamountequivalenttotheexpectedcreditlossesfortheentiredurationofthefinancialinstrument;ifthecreditriskofthefinancialinstrumenthasnotrisensignificantlysincetheinitialrecognition,theCompanymeasuresitslossprovisionbasedontheamountequivalenttotheexpectedcreditlossesofthefinancialinstrumentinthenext12months.Theincreaseorreversalamountoftheresultinglossprovisionis
includedinthecurrentgains/lossesasanimpairmentlossorgain.TheCompanycomparestheriskofdefaultonthebalancesheetdateoffinancialinstrumentswiththeriskofdefaultonthedateofinitialrecognitiontodeterminetherelativechangeintheriskofdefaultduringtheexpectedlifeofthefinancialinstrumentsoastoassesswhetherthecreditriskofthefinancialinstrumenthasincreasedsignificantlysincetheinitialrecognition.Usually,ifitisoverdueformorethan30days,theCompanyshallbelievethatthecreditriskofthefinancialinstrumenthasincreasedsignificantly,unlessthereisconclusiveevidencethatthecreditriskofthefinancialinstrumenthasnotincreasedsignificantlysincetheinitialrecognition.Ifthefinancialinstrument’screditriskatthebalancesheetdateislow,theCompanyshallbelievethatthecreditriskofthefinancialinstrumenthasnotincreasedsignificantlysincetheinitialrecognition.Ifthereisobjectiveevidencethatafinancialassethassufferedcreditimpairment,theCompanyshallmakeprovisionforimpairmentofthefinancialassetonasinglebasis.Regardingtheaccountsreceivableandcontractassetsformedfromtransactionsregulatedbythe“AccountingStandardsforBusinessEnterprisesNo.14-Revenue”(2017),regardlessofwhetheritcontainsasignificantfinancingcomponent,theCompanyalwaysmeasureitslossreservesattheamountequivalenttotheexpectedcreditlossduringtheentireduration.Forleasereceivables,theCompanyalwayschoosestomeasureitslossreservesatanamountequivalenttoexpectedcreditlossesduringtheentireduration.IftheCompanynolongerreasonablyexpectswhetherthecontractualcashflowofafinancialassetcanberecoveredinwholeorinpart,itwilldirectlywritedownthebookbalanceofthefinancialasset.
11.Notereceivable
12.Accountreceivable
13.Receivablefinancing
14.Otheraccountreceivable
15.Inventory
15.1ClassificationandcostsofinventoryInventoryincludesrawmaterials,revolvingmaterial,goodsinprocess,goodsintransitandworkin
process-outsourcedandsoon.Inventoryisinitiallymeasuredatcost,whichincludesthecostsofpurchase,processingcostsandotherexpendituresincurredinbringingtheinventoriestotheirpresentlocationandcondition.
15.2ValuationmethodsfordeliveryofinventoryTheweightedaverageorindividualvaluationmethodisusedwhentheinventoryisissuedaccordingtothenatureofthebusiness.
15.3RecognitionstandardsofthenetrealizablevalueforinventoryOnthebalancesheetdate,inventoriesshallbemeasuredatthelowerofcostandnetrealizablevalue.Whenthecostofinventoriesishigherthanitsnetrealizablevalue,makeprovisionsforinventorywrite-down.Thenetrealizablevaluereferstotheamountoftheestimatedsellingpriceoftheinventoryminustheestimatedcost,estimatedsellingexpensesandrelatedtaxesandfeesatthetimeofcompletionindailyactivities.Thenetrealizablevalueofinventoryproductsandmaterialsforsale,innormalbusinessproduction,ismeasuredastheresidualvalueafterdeductingtheestimatedsalesexpenseandrelatedtaxesandfeesfromtheestimatedsellingprice;thenetrealizablevalueofanitemofinventoriessubjecttofurtherprocessing,innormalbusinessproduction,ismeasuredastheresidualvalueafterdeductingthesumoftheestimatedcostsofcompletion,salesexpenseandrelatedtaxesandfeesfromtheestimatedsellingpriceofthefor-saleitem.Thenetrealizablevalueofthequantityofinventoriesheldtosatisfyfirmsalesorservicecontractsisbasedonthecontractprice.Ifthesalescontractsareforlessthantheinventoryquantitiesheld,thenetrealizablevalueoftheexcessisbasedongeneralsellingprices.Aftermakingprovisionsforinventorywrite-down,ifthefactorsthatpreviouslyaffectedthewrite-downoftheinventoryvaluehavedisappeared,causingthenetrealizablevalueoftheinventorytobehigherthanitsbookvalue,itshallbereversedwithintheamountoftheinventorywrite-downthathasbeenwithdrawn,andthereversedamountisincludedinthecurrentgains/losses.
15.4InventorysystemInventorysystemistheperpetualinventorysystem.
15.5Amortizationoflow-valueconsumablesandpackagingmaterials
1.Low-valueconsumablesadoptsthemethodofprimaryresale;
2.Wrappageadoptsthemethodofprimaryresale.
16.Contractasset
16.1MethodsandcriteriaforrecognitionofacontractassetTheCompanylistscontractassetsorcontractliabilitiesinthebalancesheetbasedontherelationshipbetweenperformanceobligationsandcustomerpayments.TheCompanyliststheright(andtherightdependsonotherfactorsotherthanthepassageoftime)toreceiveconsiderationforthetransferofgoodsorservicestocustomersascontractassets.Contractassetsandcontractliabilitiesunderthesamecontractarepresentedinnetamount.TheCompany’sunconditional(onlydependingonthepassageoftime)righttocollectconsiderationfromcustomersareseparatelylistedasreceivables.
16.2DeterminationmethodandaccountingtreatmentmethodofexpectedcreditlossofcontractassetsFoundmoreinthe10.6TestingofthefinancialassetsimpairmentandaccountingtreatmentcarriedunderV(10)Financialinstrument
17.Contractcost
18.AssetsheldforsaleIfthebookvalueofanon-currentassetordisposalgroupismainlyrecoveredthroughsale(includingtheexchangeofnonmonetaryassetswithcommercialsubstance)ratherthancontinuoususe,itisclassifiedasheldforsale.TheCompanyclassifiesnon-currentassetsordisposalgroupsthatmeetthefollowingconditionsasheldforsalecategories:
(1)Accordingtotheconventionofsellingsuchassetsordisposalgroupsinsimilartransactions,theycanbe
immediatelysoldundercurrentconditions;
(2)Thesaleishighlylikelytooccur,asthecompanyhasalreadymadeadecisiononasaleplanandobtaineda
confirmedpurchasecommitment,anditisexpectedthatthesalewillbecompletedwithinoneyear.Therelevantregulationsrequireapprovalfromtherelevantauthorityorregulatorydepartmentofthecompanybeforesale,andapprovalhasbeenobtained.Ifthebookvalueofnon-currentassets(excludingfinancialassets,deferredincometaxassets,andassetsformedbyemployeecompensation)ordisposalgroupsheldforsaleishigherthanthenetamountoffairvalueminussellingexpenses,thebookvalueshallbewrittendowntothenetamountoffairvalueminussellingexpenses.Thewrittendownamountshallberecognizedasassetimpairmentlossandincludedinthecurrentgains/losses,andaprovisionforimpairmentofheldforsaleassetsshallbemade.
19.Creditors’investment
20.Othercreditors’investment
21.Long-termaccountreceivable
22.Long-termequityinvestment
22.1CriteriaforjudgmentofthecommoncontrolandsignificantinfluenceCommoncontrolreferstothecontrolthatiscommontoanarrangementinaccordancewiththerelevantagreement,andtherelevantactivitiesofthearrangementmustbeagreeduponbytheparticipantssharingthecontrolrightsbeforemakingadecision.WheretheCompanyandotherjointventurepartiesjointlycontroltheinvestedentityandhaverightstothenetassetsoftheinvestedentity,theinvestedentityisthejointventureoftheCompany.Significantinfluencereferstotherighttoparticipateinmakingdecisionsrelatingtothefinancialandoperationalpoliciesofanenterprise,whilenotabletocontrolorjointlycontrol(withothers)establishmentofthesepolicies.IftheCompanyhassignificantinfluenceontheinvestedenterprises,thansuchinvestedenterprisesshallbethejointventureoftheCompany.
22.2Determinationofinitialinvestmentcost
1.Long-termequityinvestmentformedbybusinesscombinationForalong-termequityinvestmentinasubsidiaryformedbyabusinesscombinationunderthesamecontrol,theinitialinvestmentcostofthelong-termequityinvestmentisbasedontheshareofthebookvalueoftheowner’sequityofthecombinedpartyobtainedintheconsolidatedfinancialstatementsoftheultimatecontrollingpartyonthecombiningdate.Thedifferencebetweentheinitialinvestmentcostoflong-termequityinvestmentandthebookvalueoftheconsiderationpaidshallbeusedtoadjusttheequitypremiuminthecapitalreserve;whentheequitypremiuminthecapitalreserveisinsufficienttooffset,adjusttheretainedearnings.Ifitispossibletoexercisecontroloveraninvesteeunderthesamecontrolduetoadditionalinvestment,etc.,adjusttheequitypremiumbasedonthedifferencebetweentheinitialinvestmentcostofthelong-termequityinvestmentconfirmedinaccordancewiththeaboveprinciplesandthebookvalueofthelong-termequityinvestmentbeforethecombinationplusthesumofthebookvalueofthenewvaluableconsiderationforthesharesobtainedonthecombiningdate,iftheequitypremiumisnotenoughtooffset,offsettheretainedearnings.Forlong-termequityinvestmentinasubsidiariesformedbybusinesscombinationnotunderthesamecontrol,theinitialinvestmentcostisbasedonthecostofthecombinationdeterminedatthedateofpurchase.Ifitispossibletoexercisecontroloveraninvesteenotunderthesamecontrolduetoadditionalinvestment,thesumofbookvalueoftheequityinvestmentoriginallyheldplusthecostoftheadditionalinvestmentisusedastheinitialinvestmentcost.
2.Long-termequityinvestmentrequiredbymeansotherthanbusinesscombinationForlong-termequityinvestmentsobtainedthroughpaymentwithcash,thentheactualpaymentshallbeviewedasinitialinvestmentcost.Forlong-termequityinvestmentsobtainedthroughissuanceofequitysecurities,thefairvalueofsuchsecuritiesshallbeviewedasinitialinvestmentcost
22.3Subsequentmeasurementandrecognitionofgains/losses
1.Long-termequityinvestmentmeasuredbycostThelong-termequityinvestmentinsubsidiaryshallbemeasuredbycost,unlesssuchinvestmentsatisfiesconditionsforheld-forsale.Otherthanpaymentactuallypaidforobtaininginvestmentorcashdividendorprofitincludedinconsiderationwhichhasbeendeclaredwhilenotgrantedyet,theCompanyrecognizesinvestmentincomeaccordingtoitsshareinthecashdividendorprofitdeclaredforgrantbytheinvestedunit.
2.Long-termequityinvestmentmeasuredbyequityTheCompanycalculateslongtermequityinvestmentinassociatesandjointventuresunderequitymethod.Wheretheinitialinvestmentcostofalong-termequityinvestmentexceedstheGroup’sshareofthefairvalueoftheinvestee’sidentifiablenetassetsatthetimeofacquisition,noadjustmentismadetotheinitialinvestmentcost.WheretheinitialinvestmentcostislessthantheGroup’sshareofthefairvalueoftheinvestee’sidentifiablenetassetsatthetimeofacquisition,thedifferenceisrecognizedinprofitorlossfortheperiod.Andadjustedthecostsoflong-termequityinvestmentatthesametime.Returnoninvestmentsandothercomprehensiveincomeisrecognizedrespectivelybysharesofnetgains/lossesrealizedbytheinvestedcompanyandothercomprehensiveincome,andbookvalueofsuchinvestmentisadjustedaccordingly.Profitorcashdividendsproratadistributedbytheinvestedcompanyaretominusbookvalueoftherelativelong-terminvestment.Bookvalueoflong-terminvestmentisadjustedwhenchangesoccurotherthannetgains/losses,othercomprehensiveincomeandprofitdistributionoftheinvestedcompany(abbreviatedasotherchangesofowners’equity),andistoreportinowners’equityaccordingly.Whenconfirmingtheshareofthenetprofitandloss,othercomprehensiveincomeandotherowner’sequitychangesthatshouldbeenjoyedbytheinvestee,adjustthenetprofitandothercomprehensiveincomeoftheinvesteebasedonthefairvalueoftheinvestee’sidentifiablenetassetsatthetimewhentheinvestmentisobtainedandinaccordancewiththecompany’saccountingpoliciesandaccountingperiodbeforeconfirmation.Theun-realizedtransactiongains/lossesattributabletoinvestmententerprise,internallyoccurredbetweentheCompany,affiliatedunitsandjoint-venturesshouldcalculatedbyproportionofshares-holdingwhichshouldbeoffset,thanrecognizedinvestmentgains/losses(exceptwheretheassetsinvestedorsoldconstituteabusiness).If
theunrealizedinternaltransactionlosseswiththeinvesteeareassetsimpairmentlosses,theywillbefullyrecognized.Inadditiontoassumingobligationsforadditionallosses,thecompany’snetlossestojointventuresorassociatedenterprisearelimitedtothebookvalueoflong-termequityinvestmentsandotherlong-termequitythatactuallyconstitutesnetinvestmentinjointventuresorassociateswritedowntozero.Ifajointventureoranassociatedenterpriserealizesnetprofitsinthefuture,thecompanyresumesrecognizingitsshareofprofitsaftertheshareofprofitsmakesupfortheshareofunrecognizedlosses.
3.Disposaloflong-termequityinvestmentDifferencebetweencarryingvalueandactualacquisitionpriceinrespectofdisposaloflongtermequityinvestmentshallbeincludedincurrentperiodgains/losses.Long-termequityinvestmentaccountedforbyequitymethodForlong-termequityinvestmentsaccountedforbypartialdispositionequitymethod,theremainingequityisstillaccountedforbytheequitymethod,theothercomprehensiveincomerecognizedbytheoriginalequitymethodshallbecarriedforwardinacorrespondingproportiononthesamebasisasthedirectdisposalofrelatedassetsorliabilitiesbytheinvestee,otherchangesinowner'sequityarecarriedforwardtothecurrentgains/lossesonaproratabasis.Ifthejointcontrolorsignificantinfluenceontheinvesteeislostduetothedisposalofequityinvestment,fortheothercomprehensiveincomerecognizedbytheoriginalequityinvestmentduetotheadoptionoftheequitymethod,usethesamebasisastheinvesteetodirectlydisposeofrelatedassetsorliabilitiesforaccountingtreatmentwhenterminatingtheadoptionoftheequitymethod,thesamebasisasthedirectdisposalofrelatedassetsorliabilitiesbytheinvesteeisusedforaccountingtreatment,allotherchangesinowner'sequityaretransferredtothecurrentgains/losseswhenterminatingtheadoptionoftheequitymethod.Ifthecontroloftheinvesteeislostduetothedisposalofpartoftheequityinvestment,andtheremainingequitycanexercisejointcontrolorexertsignificantinfluenceontheinvesteewhenpreparingindividualfinancialstatements,theequitymethodshallbeusedforaccountingandtheremainingequityshallbedeemedtobeaccountedforbytheequitymethodforadjustmentsincetheacquisition,andtheothercomprehensiveincomerecognizedbeforeobtainingthecontroloftheinvesteeiscarriedforwardonthesamebasisasthedirectdisposalofrelatedassetsorliabilitiesbytheinvesteeinproportion,changesinotherowners’equityconfirmedbytheequitymethodarecarriedforwardtothecurrentgains/lossesonaproratabasis;iftheremainingequitycannotexercisejointcontrolorexertsignificantinfluenceontheinvestee,itshallberecognizedasafinancialasset,andthedifferencebetweenitsfairvalueandbookvalueonthedaywhenthecontrolislostisincludedinthecurrentgains/losses,andallothercomprehensiveincomeandotherowner'sequitychangesrecognizedbeforeobtaining
thecontroloftheinvesteearecarriedforward.Iftheequityinvestmentinasubsidiaryisdisposedofthroughmultipletransactionsuntilitlosescontrol,anditisapackagetransaction,eachtransactionshallbeaccountedforasatransactionthatdisposesoftheequityinvestmentofthesubsidiaryandlosescontrol.Thedifferencebetweenthecostofeachdisposalbeforethelossofcontrolandthebookvalueofthelong-termequityinvestmentcorrespondingtotheequitybeingdisposedofisfirstrecognizedasothercomprehensiveincomeinindividualfinancialstatements,andthentransferredtothecurrentgains/lossesofthelossofcontrolwhenthecontrolislost.Ifitisnotapackagetransaction,eachtransactionshallbeaccountedforseparately.
23.InvestmentrealestateMeasurementMeasuredbycostDepreciationoramortizationmethodInvestmentrealestateisdefinedastherealestatewiththepurposetoearnrentorcapitalappreciationorboth,includingtherentedlanduserightsandthelanduserightswhichareheldandpreparedfortransferafterappreciation,therentedbuildings(includingthebuildingsforrentaftercompletionofself-constructionordevelopmentactivitiesandthebuildingsunderconstructionordevelopmentforfuturelease).Subsequentexpendituresrelatedtoinvestmentrealestateareincludedinthecostofinvestmentrealestatewhenitisprobablethattherelatedeconomicbenefitswillflowandthecostcanbemeasured;otherwise,chargedtocurrentgain/lossasincurred.CurrentinvestmentrealestateoftheCompanyaremeasuredbycost.Asfortheinvestmentrealestate-rentalbuildingmeasuredbycost,thedepreciationpolicyissameasthefixedassetsoftheCompany,thelanduserightforrentalhasthesameamortizationpolicyasintangibleassets.
24.Fixedassets
(1)RecognitionFixedassetsisdefinedasthetangibleassetswhichareheldforthepurposeofproducinggoods,providingservices,leaseorforoperation&management,andhavemorethanoneyearofservicelife.Fixedassetsshouldberecognizedforqualifiedthefollowedconditionsatthesametime:
1)ItisprobablethattheeconomicbenefitsassociatedwiththeassetswillflowintotheCompany;
2)Thecostoftheassetscanbemeasuredreliably.
Fixedassetsareinitiallymeasuredatcost(andconsideringtheimpactofexpectedabandonmentcostfactors).Subsequentexpendituresrelatedtofixedassetsareincludedinthecostoffixedassetswhentherelatedeconomicbenefitsarelikelytoflowinandtheircostscanbereliablymeasured;thebookvalueofthereplacedpartisderecognized;allothersubsequentexpendituresareincludedinthecurrentgains/losseswhenincurred.
(2)Depreciationmethods
| Category | Method | Yearsofdepreciation | Scrapvaluerate | Yearlydepreciationrate |
| Houseandbuildings | Straight-linedepreciation | |||
| Productionbuildings | Straight-linedepreciation | 20-35 | 5 | 2.71-4.75 |
| Non-productionbuildings | Straight-linedepreciation | 20-40 | 5 | 2.38-4.75 |
| Temporarydormitoryandsimpleroometc. | Straight-linedepreciation | 5-15 | 5 | 6.33-19.00 |
| Gasstoragebin | Straight-linedepreciation | 20 | 5 | 4.75 |
| Silo | Straight-linedepreciation | 50 | 5 | 1.90 |
| Wharfandsupportingfacilities | Straight-linedepreciation | 50 | 5 | 1.90 |
| Machineryequipment | Straight-linedepreciation | |||
| Othermachineryequipment | Straight-linedepreciation | 10-20 | 5 | 4.75-9.50 |
| Warehousetransmissionequipment | Straight-linedepreciation | 20 | 5 | 4.75 |
| Transportequipment | Straight-linedepreciation | 3-10 | 5 | 9.50-31.67 |
| Electronicequipmentandothers | Straight-linedepreciation | 2-10 | 5 | 9.50-47.50 |
Theexpectednetresidualvalueratedeterminesthedepreciationrate.Forfixedassetswithprovisionforimpairment,thedepreciationamountshallbedeterminedbasedonthebookvalueafterdeductingtheimpairmentprovisionandtheremainingusefullifeinthefutureperiod.Incaseeachcomponentofafixedassethasdifferentservicelifeorprovideseconomicbenefitstotheenterpriseindifferentways,differentdepreciationratesormethodsshouldbechosenanddepreciationshouldbecalculatedseparately.
(3)Recognition,measurementanddepreciationoffixedassetsheldunderfinancelease
25.ConstructioninprogressConstructioninprogressismeasuredattheactualcostincurred.Theactualcostincludesconstructioncost,installationcost,borrowingcoststhatmeetthecapitalizationconditions,andothernecessaryexpendituresincurredbeforetheconstructioninprogressreachesitsintendedusablestate.Whentheconstructioninprogressreachestheintendedusablestate,itwillbetransferredtofixedassetsanddepreciationwillbeaccruedfromthenextmonth.
26.Borrowingexpenses
26.1RecognitionoftheborrowingexpensescapitalizationTheborrowingcostsincurredbythecompany,whichcanbedirectlyattributedtotheacquisition,constructionorproductionofassetsthatmeetthecapitalizationconditions,shallbecapitalizedandincludedintherelevantassetcosts;Otherborrowingcostsarerecognizedasexpensesbasedontheiramountatthetimeofoccurrenceandincludedinthecurrentgains/losses.Assetssatisfyingtheconditionsofcapitalizationrefertofixedassets,investmentrealestateinventoriesandotherassetswhichtakealongperiodoftimetopurchase,construct,ormanufacturingbeforebecomingusable.
26.2PeriodofcapitalizationThecapitalizationperiodreferstotheperiodfromthetimewhenthecapitalizationofborrowingcostsstartstothetimewhenthecapitalizationstops,excludingtheperiodwhenthecapitalizationofborrowingcostsissuspended.Theborrowingexpenseshallbecapitalizedincaseallthefollowingconditionsaresatisfiedatsametime:
(1)Assetsexpenseoccurred,andpaidasexpensesinwayofcash,non-cashassetstransferordebtwithinteresttakenforpurchasing,constructingormanufacturingassetsthatcomplyingwithcapitalizingcondition;
(2)Borrowingexpenseshaveoccurred;
(3)Necessaryactivitiesoccurredforreachingpredictedusablestatuesorsale-ablestatusforassetspurchased,
constructedormanufactured.
Ifpurchasing,construction,ormanufacturingprocessofanassetsatisfyingtheconditionsofcapitalizationreacheditspredictedusablestatusorsale-ablestatus,capitalizationsuspendedforborrowingexpenses.
26.3PeriodofcapitalizationsuspensionIfpurchasing,construction,ormanufacturingprocessofanassetsatisfyingtheconditionsofcapitalizationissuspendedabnormallyforover3months,capitalizingofborrowingexpensesshallbesuspended;thesuspendedassetsthatsatisfytheconditionsofcapitalizationmeetthenecessaryprocedureofreachingpredictedusablestatusorfor-salestatus,capitalizingofborrowingexpensesshallberesumed.Theborrowingexpensesoccurredduringtheperiodofcapitalizationsuspensionshallreckonintocurrentgains/lossesuntilthepurchasing,construction,ormanufacturingprocessisresumedforcapitalizing.
26.4Capitalizationrateoftheborrowingexpense,measurementofthecapitalizedamountAsforthespecialloansborrowedforthepurchase,constructionorproductionofassetseligibleforcapitalization,theborrowingcostsarecapitalizedbydeductingtheactualborrowingcostsincurredincurrentperiodofspecialborrowing,theinterestincomeearnedbyborrowingfundsthathavenotyebeenused,depositedinthebankortheinvestmentincomeobtainedfromthetemporaryinvestment.Forthegeneralborrowingsusedfortheacquisition,constructionorproductionofassetseligibleforcapitalization,theamountofborrowingcoststhatshouldbecapitalizedforgeneralborrowingsiscalculatedanddeterminedaccordingtotheweightedaverageoftheassetexpendituresofaccumulatedassetexpendituresoverthespecialborrowingsmultiplyingbythecapitalizationrateoftheoccupiedgeneralborrowings.Thecapitalizationrateisdeterminedbasedontheweightedaverageinterestrateofgeneralborrowings.Duringthecapitalizationperiod,theexchangedifferenceoftheprincipalandinterestofthespecializedforeigncurrencyborrowingiscapitalizedandincludedinthecostoftheassetsthatmeetthecapitalizationconditions.Exchangedifferencesarisingfromtheprincipalandinterestofforeigncurrencyborrowingsotherthanspecializedforeigncurrencyborrowingareincludedinthecurrentprofitsandlosses.
27.Biologicalassets
(1)TheCompany’sbiologicalassetsareproductivebiologicalassets,whichareclassifiedintoproductivebiologicalassets,consumptivebiologicalassetsandbiologicalassetsforcommonwealaccordingtothepurposeofholdingandthewayinwhicheconomicbenefitsarerealized.
(2)Biologicalassetsareinitiallymeasuredatcost.
(3)Thenecessaryexpendituresincurredbyproductivebiologicalassetsbeforereachingtheintendedproductionandoperationpurposesconstitutethecostofproductivebiologicalassets.Subsequentexpendituresincurred
afterachievingtheintendedproductionpurposesshallbeincludedinthecurrentgains/losses.
(4)Thenecessaryexpendituresforconsumptivebiologicalassetsbeforeclosureconstitutethecostofconsumptivebiologicalassets,andsubsequentexpendituresincurredafterclosureareincludedinthecurrentgains/losses.Theconsumptivebiologicalassetsarecarriedatcostwhenharvestedusingtheproportionalmethodofaccumulation.
(5)TheCompany’sbiologicalassetsaremainlyteatrees.Thecompany’sproductivebiologicalassetsthat
achievetheintendedproductionandoperationpurposesaredepreciatedaccordingtotheaverageservicelifemethod,andtheservicelifeisdeterminedastheremainingperiodoflanduseafterdeductingtheimmatureteatreeperiod(5years),theresidualvaluerateis5%.Attheendofeachyear,thecompanyreviewstheservicelife,expectednetresidualvalueanddepreciationmethods.Iftheservicelifeandexpectednetoutputvaluearedifferentfromtheoriginalestimate,orthereisasignificantchangeintherealizationofeconomicbenefits,itwillbeusedasanaccountingestimatechangetoadjusttheservicelifeorestimatednetoutputvalueorchangethedepreciationmethod.
(6)Publicwelfarebiologicalassetsrefertobiologicalassetswhosemainpurposeisprotectionand
environmentalprotection,includingwind-breakingandsand-fixingforests,soilandwaterconservationforests,andwaterconservationforests.Thecostofself-constructedpublicwelfarebiologicalassetsshallbedeterminedinaccordancewiththenecessaryexpendituressuchascostofplanting,tendingfees,forestprotectionfees,forestcultureandmanagementfacilityfees,improvedseedexperimentfees,surveydesignfees,andindirectcoststhatshouldbeapportionedbeforetheclosure,includingborrowingcoststhatmeettheconditionsforcapitalization.Publicwelfarebiologicalassetsaresubsequentlymeasuredatcost.Thereisnoneedtowithdrawtheassetimpairmentreserveforpublicwelfarebiologicalassets.
(7)Thebalanceofthedisposalconsiderationfromthesale,inventoryloss,deathordamageofbiologicalassets
afterdeductingthebookvalueandrelevanttaxesshallbeincludedinthecurrentgains/losses.
28.Oilandgasassets
29.Right-of-useassets
30.Intangibleassets
(1)Measurement,useoflifeandimpairmenttesting
1)TheintangibleassetsaremeasuredatcostwhentheCompanyacquiresintangibleassets;
Forthoseintangibleassetspurchasedfromoutside,thepurchasevalue,relevanttaxesandotherpaymentsattributabletopredictedpurposeobtainedshouldrecognizedascostforthisassets.
2)SubsequentmeasurementTheservicelifeofanintangibleassetshallbeanalyzedandjudgedwhensuchintangibleassetsisacquired.Thoseintangibleassetswithlimitedusefullifeareevenlyamortizedonstraightbasisfromthedatewhentheybecomeusabletotheendofexpectedusefullife;Intangibleassetsforwhichitisimpossibletopredictthetermduringwhichtheassetscanbringineconomicbenefitsareviewedasintangibleassetswithindefinitelifewithoutamortization.Estimationoftheservicelifeofintangibleassetswithlimitedservicelife
| Item | Predictedusefullife | Amortizationmethod | Residualvaluerate | Basis |
| Landuseright | Amortizedtheactualrestoflifeaftercertificateoflanduserightobtained | Straight-linemethod | 0.00% | Certificateoflanduseright |
| Foresttreeuseright | Servicelifearranged | Straight-linemethod | 0.00% | Protocolagreement |
| Trademarkuseright | 10years | Straight-linemethod | 0.00% | ActualsituationoftheCompany |
| Shopmanagementright | Servicelifearranged | Straight-linemethod | 0.00% | Protocolagreement |
| Softwareuseright | 5-8years | Straight-linemethod | 0.00% | Protocolagreement |
| Patentsandothers | 20years | Straight-linemethod | 0.00% | ActualsituationoftheCompany |
JudgmentbasisonintangibleassetswithuncertainservicelifeandreviewproceduresfortheservicelifeIntangibleassetsforwhichitisimpossibletopredictthetermduringwhichtheassetscanbringineconomicbenefitsareviewedasintangibleassetswithindefinitelife.Intangibleassetswithindefinitelifearenotamortizedduringtheholdingperiod,andtheusefullifeofsuchintangibleassetsisre-reviewedattheendofeachaccountingperiod.Incasethatitisstilldeterminedasindefiniteaftersuchre-review,thenimpairmenttestwillbeconductedcontinuouslyineveryaccountingperiod.
(2)AccountingpolicyofinternalR&DexpenditureSpecificcriteriafordividingresearchanddevelopmentstagesTheexpenditureforinternalR&Disdividedintoresearchexpenditureanddevelopmentexpenditure.Researchstage:Thestageofcreativeandplannedresearchactivitiestoacquireandunderstandnewscientificortechnologicalknowledge,etcDevelopmentstage:stageoftheactivitiesthatproducednewormaterialadvancematerials,devicesandproducts
thatbyresearchresultsorotherknowledgeadoptionincertainplanordesignbeforethecommercialproductionorusage.SpecificconditionsforcapitalizationofexpenditureduringthedevelopmentphaseExpendituresintheresearchphaseareincludedinthecurrentgains/losseswhentheyoccur.Expendituresinthedevelopmentphasethatmeetthefollowingconditionsatthesametimearerecognizedasintangibleassets,andexpendituresinthedevelopmentphasethatcannotmeetthefollowingconditionsareincludedinthecurrentgains/losses:
(1)Owesfeasibilityintechnologyandcompletedtheintangibleassetsforusefulorforsale;
(2)Owestheintentionforcompletedtheintangibleassetsandforsalepurpose;
(3)Wayofprofitgeneratedincluding:showevidencethattheproductsgeneratedfromtheintangibleassetsowesamarketorowesamarketforitself;iftheintangibleassetswilluseinternally,thanshowevidenceofuseful-ness;
(4)Possesssufficienttechnique,financialresourcesandotherresourcesforthedevelopmentofkindofintangibleassetsandhastheabilityforusedorforsale;
(5)Theexpenditureattributabletotheexploitationstageforintangibleassetscouldbemeasuredreliably.Ifitisnotpossibletodistinguishbetweenresearchstageexpendituresanddevelopmentstageexpenditures,allresearchanddevelopmentexpendituresincurredarechargedtocurrentgain/loss.
31.ImpairmentoflongtermassetsThelong-termassetsaslong-termequityinvestments,investmentrealestatemeasuredatcost,fixedassets,constructioninprogress,right-of-useassets,intangibleassetswithcertainservicelifeandoil&gasassetsaretestedforimpairmentifthereisanyindicationthatanassetmaybeimpairedatthebalancedate.Iftheresultoftheimpairmenttestindicatesthattherecoverableamountoftheassetislessthanitscarryingamount,theprovisionforimpairmentandimpairmentlossshallberecognizedfortheamountbywhichtheasset’scarryingamountexceedsitsrecoverableamount.Therecoverableamountisthehigherofanasset’sfairvaluelesscoststosellandthepresentvalueofthefuturecashflowsexpectedtobederivedfromtheasset.Provisionforassetimpairmentisdeterminedandrecognizedontheindividualassetbasis.Ifitisnotpossibletoestimatetherecoverableamountofanindividualasset,therecoverableamountofagroupofassetstowhichtheassetbelongsisdetermined.Agroupofassetsisthesmallestgroupofassetsthatisabletogenerateindependentcashinflows.Forgoodwillformedbybusinesscombination,intangibleassetswithuncertainservicelife,andintangibleassetsthathavenotyetreachedtheusablestate,regardlessofwhethertherearesignsofimpairment,impairmenttestshallbecarriedoutatleastattheendofeachyear.WhentheCompanyconductsthegoodwillimpairmenttest,thebookvalueofgoodwillformedbybusinesscombinationisapportionedtotherelevantassetgroupaccordingtoreasonablemethodsfromthedateofpurchase;ifitisdifficulttoapportionittotherelevantassetgroup,apportionittotherelevantassetgroupportfolio.
Relevantassetgrouporassetsportfolioistheassetgrouporcombinationofassetsgroupthatcanbenefitfromthesynergiesoftheenterprisemerger.Whenconductingimpairmenttestforrelevantassetgroupwithinclusionofgoodwill,incasethatthereisindicationofimpairmentforsuchassetgroup,impairmenttestwouldbefirstlyconductedinrespectoftheassetgroupswithoutinclusionofgoodwill.Then,itshallcalculatetherecoverableamountanddeterminethecorrespondingimpairmentlossascomparedtoitscarryingvalue.Thenconductanimpairmenttestontheassetgrouporassetgroupportfolioscontaininggoodwill,andcomparetheirbookvaluewiththerecoverableamount.Iftherecoverableamountislowerthanthebookvalue,theamountofimpairmentlossfirstdeductsthebookvalueofthegoodwillallocatedtotheassetgrouporassetgroupportfolio,andthendeductsthebookvalueoftheotherassetsinproportionaccordingtotheproportionofthebookvalueoftheotherassetsotherthangoodwillintheassetgrouporassetgroupportfolio.Oncerecognized,assetimpairmentlosswouldnotbereversedinfutureaccountingperiod.
32.LongtermprepaidexpenseLongtermprepaidexpenserepresentstheexpensewhichtheCompanyhasoccurredandshallbeamortizedinthecurrentandlaterperiodswithamortizationperiodexceedingoneyear.Long-termprepaidexpensesoftheCompanyincludesexpendituresonimprovementofinvestmentrealestate,decorationfeeandexpenditureforfixedassetsimprovementetc.Longtermprepaidexpenseisamortizedduringthebeneficialperiodunderstraightlinemethod.
33.ContractliabilitiesTheCompanylistscontractassetsorcontractliabilitiesinthebalancesheetbasedontherelationshipbetweenperformanceobligationsandcustomerpayments.TheCompany’sobligationtotransfergoodsorprovideservicestocustomersforconsiderationreceivedorreceivablefromcustomersislistedascontractliabilities.Contractassetsandcontractliabilitiesunderthesamecontractarepresentedinnetamount.
34.Staffremuneration
(1)AccountingtreatmentofshorttermremunerationIntheperiodofemployeeservices,short-termbenefitsareactuallyrecognizedasliabilitiesandchargedtoprofitorlossorrelevantassetscosts.RegardingtothesocialinsuranceandhousingfundsthattheCompanypaysforemployees,theCompanyshouldrecognizecorrespondingemployeesbenefitspayableaccordingtotheappropriationbasisandproportionasstipulatedbyrelevantrequirementsandrecognizethecorrespondingliabilities.
Theemployeewelfareexpensesincurredshallberecordedintothecurrentgain/lossorthecostofrelevantassetsaccordingtotheactualamountwhenactuallyincurred,andthenon-monetarywelfareshallbemeasuredatfairvalue.
(2)Accountingtreatmentforpostemploymentbenefits
1)DefinedcontributionplanTheCompanypaysbasicendowmentinsuranceandunemploymentinsuranceforemployeesaccordingtotherelevantregulationsofthelocalgovernment.IntheaccountingperiodinwhichemployeesprovideservicesfortheCompany,theamounttobepaidiscalculatedaccordingtothelocalpaymentbaseandproportion,andisrecognizedasaliabilityandincludedincurrentgains/lossesorrelatedassetcost.Inaddition,theCompanyalsoparticipatesintheenterpriseannuityplan/supplementarypensioninsurancefundapprovedbytherelevantstatedepartments.TheCompanypaysacertainpercentageofthetotalwagesofemployeestotheannuityplan/localsocialinsuranceagency,andthecorrespondingexpendituresareincludedinthecurrentgains/lossesorthecostofrelatedasset.
2)DefinedbenefitplanTheCompanyassignsthebenefitobligationarisingfromthedefinedbenefitplantotheperiodduringwhichtheemployeeprovidesserviceaccordingtotheformuladeterminedbytheexpectedaccumulatedbenefitunitmethod,andincludesitinthecurrentgains/lossesorrelatedassetcost.Thedeficitorsurplusformedbythepresentvalueofthedefinedbenefitplanobligationminusthefairvalueofthedefinedbenefitplanassetisrecognizedasanetbenefitornetassetofthedefinedbenefitplan.Ifthereisasurplusinthedefinedbenefitplan,theCompanymeasuresthenetassetsofthedefinedbenefitplanbythelowerofthesurplusandtheassetlimitofthedefinedbenefitplan.Alldefinedbenefitplanobligations,includingobligationsexpectedtobepaidwithintwelvemonthsoftheendoftheannualreportingperiodinwhichtheemployeeprovidesservices,arediscountedbasedonthemarketreturnofthenationaldebtmatchingwiththedefinedbenefitplanobligationsdeadlineandcurrencyorthehighqualitycorporationbondsinanactivemarketonthebalancesheetdate.Theservicecostgeneratedbythedefinedbenefitplanandthenetliabilitiesorthenetinterestofthenetassetsofthedefinedbenefitplanareincludedinthecurrentgains/lossesortherelatedassetscost;thechangesgeneratedbytheremeasurementofnetliabilitiesornetassetsofthedefinedbenefitplanareincludedinothercomprehensiveincome,andwillnotbetransferredbacktoprofitorlossinthesubsequentaccountingperiod,whentheoriginaldefinedbenefitplanisterminated,thepartthatwasoriginallyincludedinothercomprehensiveincomewillbecarriedforwardtoundistributedprofitwithinthescopeofequity.
Whensettlingthedefinedbenefitplan,thesettlementgainorlossisconfirmedbythedifferencebetweenthepresentvalueofthedefinedbenefitplanobligationandthesettlementpricedeterminedonthesettlementdate.
(3)AccountingtreatmentfordismissalbenefitIftheCompanyprovidesdismissalbenefitstoemployees,theemployeecompensationliabilitiesarisingfromdismissalbenefitsshallberecognizedontheearlierdateofthefollowingtwo,andshallbeincludedinthecurrentgains/losses:Whenthecompanycannotunilaterallywithdrawthedismissalbenefitsprovidedbythedismissalplanordownsizingproposal;Whenthecompanyconfirmsthecostsorexpensesrelatedtothereorganizationinvolvingthepaymentofdismissalbenefits.
(4)Accountingtreatmentforotherlongtermstaffbenefits
35.Leaseliability
36.AccrualliabilityTheCompanywillrecognizetheobligationsrelatedtocontingenciesasexpectedliabilitieswhentheymeetthefollowingconditions:
(1)TheresponsibilityisacurrentresponsibilityundertakenbytheCompany;
(2)Fulfillingoftheresponsibilitymayleadtofinancialbenefitoutflow;
(3)Theresponsibilitycanbemeasuredreliablyforitsvalue.Accrualliabilitiesshallconductinitialmeasurementbybestestimationofexpendituresneededbyfulfillmentofcurrentresponsibilities.Whiledeterminingthebestestimation,taketherisks,uncertaintyandperiodicvalueofcurrencyrelatedtothecontingentissuesintoconsideration.Formajorinfluencefromperiodicvalueofcurrency,determinethebestestimationafterdiscountonfuturerelevantcashoutflow.Wherethereisacontinuousrangeofrequiredexpenditures,andtheprobabilityofoccurrenceofvariousresultswithinthisrangeisthesame,thebestestimationisdeterminedaccordingtothemedianvalueintherange;inothercases,thebestestimateshallbetreatedasfollows:
?Ifacontingencyinvolvesasingleitem,itshallbedeterminedaccordingtotheamountmostlikelytooccur.?Ifacontingencyinvolvesmultipleitems,itshallbedeterminedinaccordancewithvariouspossibleoutcomesandrelatedprobabilitycalculation.
Ifallorpartoftheexpenditurerequiredtopayofftheestimatedliabilitiesisexpectedtobecompensatedbyathirdparty,thecompensationamountshallbeseparatelyrecognizedasanassetwhenitisbasicallycertainthatitcanbereceived,andtherecognizedcompensationamountshallnotexceedthebookvalueoftheestimatedliability.TheCompanyreviewsthebookvalueofestimatedliabilitiesonthebalancesheetdate.Ifthereisconclusiveevidencethatthebookvaluedoesnotreflectthecurrentbestestimate,thebookvaluewillbeadjustedaccordingtothecurrentbestestimate.
37.Share-basedpaymentTheCompany’sshare-basedpaymentisatransactionthatgrantsequityinstrumentsorassumesliabilitiesdeterminedbasedonequityinstrumentsinordertoobtainservicesfromemployeesorotherparties.TheCompany’sshare-basedpaymentisdividedintoequity-settledshare-basedpaymentandcash-settledshare-basedpayment.
37.1Equity-settledshare-basedpaymentsandequityinstrumentsTheequity-settledshare-basedpaymentinexchangeforservicesprovidedbyemployeesshallbemeasuredatthefairvalueofequityinstrumentsgrantedtoemployees.Forshare-basedpaymenttransactionsthatcanbeexercisedimmediatelyafterthegrant,thefairvalueoftheequityinstrumentisincludedintherelevantcostorexpensesonthegrantdate,andthecapitalreserveisincreasedaccordingly.Forshare-basedpaymenttransactionsthatcanbeexercisedonlyaftercompletingtheservicesduringthewaitingperiodormeetingthespecifiedperformanceconditionsafterthegrant,oneachbalancesheetdateduringthewaitingperiod,theCompanyshallincludetheservicesobtainedinthecurrentperiodintherelevantcostorexpensesbasedonthebestestimateofthenumberofviableequityinstrumentsandthefairvalueonthegrantdate,andincreasethecapitalreserveaccordingly.Ifthetermsoftheequity-settledshare-basedpaymentaremodified,atleasttheservicesacquiredarerecognizedasifthetermswerenotmodified.Inaddition,anymodificationthatincreasesthefairvalueofthegrantedequityinstruments,orachangeinfavoroftheemployeeonthemodificationdate,isrecognizedasanincreaseinservicesreceived.Duringthewaitingperiod,ifthegrantedequityinstrumentiscanceled,theCompanywilltreatthecanceledgrantedequityinstrumentasanacceleratedexercise,andimmediatelyincludetheamountthatshouldberecognizedduringtheremainingwaitingperiodinthecurrentgains/losses,andrecognizethecapitalreserveatthesametime.However,ifanewequityinstrumentisgrantedanditisdeterminedthatthenewequityinstrumentgrantedistoreplacethecanceledequityinstrumentonthegrantdateofthenewequityinstrument,theninthesamemannerasthemodificationofthetermsandconditionsoftheoriginalequityinstrument,thegrantedalternativeequityinstrumentsareprocessed.
37.2Cash-settledshare-basedpaymentsandequityinstrumentsThecash-settledshare-basedpaymentshallbemeasuredatthefairvalueoftheliabilitiescalculatedand
determinedonthebasisofsharesorotherequityinstrumentsundertakenbytheCompany.Forshare-basedpaymenttransactionsthatcanbeexercisedimmediatelyafterthegrant,theCompanyshallincludethemintherelevantcostorexpensesatthefairvalueoftheliabilitiesonthegrantdate,andincreasetheliabilitiesaccordingly.Forshare-basedpaymenttransactionsthatcanbeexercisedonlyaftercompletingtheserviceduringthewaitingperiodormeetingthespecifiedperformanceconditions,oneachbalancesheetdateduringthewaitingperiod,theCompanyshallincludetheservicesobtainedinthecurrentperiodintherelevantcostorexpensesbasedonthebestestimateoftheviableequityinstrumentsandthefairvalueoftheliabilitiesundertakenbytheCompany,andincludeintheliabilitiesaccordingly.Oneachbalancesheetdateandsettlementdatebeforethesettlementofrelevantliabilities,thefairvalueoftheliabilitiesisre-measured,andthechangesareincludedinthecurrentgains/losses.
38.OtherfinancialinstrumentofpreferredstocksandperpetualbondTheCompanycategorizesafinancialinstrumentoritscomponentsasafinancialasset,afinancialliabilityoranequityinstrumentatthetimeofinitialrecognitionbasedonthecontractualtermsofpreferredstocks/perpetualbondsissuedandtheeconomicsubstanceitreflects,notjustinlegalform.Whenafinancialinstrumentsuchasperpetualbonds/preferredstocksissuedbytheCompanymeetoneofthefollowingconditions,theentirefinancialinstrumentoritscomponentsshallbeclassifiedasafinancialliabilityatthetimeofinitialrecognition.
(1)TherearecontractualobligationsthattheCompanycannotunconditionallyavoidfulfillingwiththecashpaymentorotherfinancialassets;
(2)Containscontractualobligationtodelivervariableamountsofownequityinstrumentsforsettlement;
(3)Containsderivativeinstrumentthatissettledwithitsownequity(suchasconversionofequity,etc.),andthederivativeinstrumentisnotsettledwithafixedamountoftheirownequityinstrumentsinexchangeforafixedamountofcashorotherfinancialassets;
(4)Therearecontractclausesthatindirectlyformcontractobligations;
(5)Theperpetualbondsareinthesamerepaymentorderastheordinarybondsandotherdebtsissuedbytheissueratthetimeofliquidationbytheissuer.Forfinancialinstrumentssuchasperpetualbonds/preferredstocksthatdonotmeetanyoftheaboveconditions,classifythefinancialinstrumentsasawholeortheircomponentsasequityinstrumentsatthetimeofinitialrecognition.
39.RevenueAccountingpolicyusedforrevenuerecognitionandmeasurement
39.1AccountingpolicyusedforrevenuerecognitionandmeasurementTheCompanyfulfillstheperformanceobligationsinthecontract,thatis,revenueisrecognizedwhenthecustomerobtainscontroloftherelevantgoodsorservices.Obtainingcontrolofrelatedgoodsorservicesmeansbeingabletoleadtheuseofthegoodsorservicesandobtainalmostalloftheeconomicbenefitsfromthem.Ifthecontractcontainstwoormoreperformanceobligations,theCompanywillallocatethetransactionpricetoeachindividualperformanceobligationinaccordancewiththerelativeproportionofthestand-alonesellingpriceofthegoodsorservicespromisedbyeachindividualperformanceobligationonthestartingdateofthecontract.TheCompanymeasuresrevenuebasedonthetransactionpriceallocatedtoeachindividualperformanceobligation.ThetransactionpricereferstotheamountofconsiderationthattheCompanyexpectstobeentitledtoreceiveduetothetransferofgoodsorservicestocustomers,excludingpaymentscollectedonbehalfofthirdpartiesandpaymentsexpectedtobereturnedtocustomers.TheCompanydeterminesthetransactionpriceinaccordancewiththetermsofthecontractandcombinedwithitspastcustomarypractices.Whendeterminingthetransactionprice,itconsiderstheinfluenceofvariableconsideration,majorfinancingcomponentsinthecontract,non-cashconsideration,considerationpayabletocustomersandotherfactors.TheCompanydeterminesthetransactionpricethatincludesvariableconsiderationatanamountthatdoesnotexceedtheamountofaccumulatedrecognizedrevenuethatisunlikelytobemateriallyreversedwhentherelevantuncertaintyiseliminated.Ifthereisasignificantfinancingcomponentinthecontract,theCompanydeterminesthetransactionpricebasedontheamountpayableincashwhenthecustomerobtainscontrolofthegoodsorservices,andusestheactualinterestmethodtoamortizethedifferencebetweenthetransactionpriceandthecontractconsiderationduringthecontractperiod.Itbelongstotheperformanceobligationfulfilledwithinacertainperiodoftimewhenmeetingoneofthefollowingconditions,otherwiseitbelongstotheperformanceobligationfulfilledatacertainpointintime:
?ThecustomerobtainsandconsumestheeconomicbenefitsbroughtbytheCompany’sperformanceatthesametimeastheCompany’sperformance.?CustomerscancontroltheproductsunderconstructionintheCompany’sperformanceprocess.?TheproductsproducedbytheCompanyduringtheperformanceofthecontracthaveirreplaceableuses,and
theCompanyhastherighttocollectpaymentfortheaccumulatedperformancepartofthecontractduringtheentirecontractperiod.Forobligationstobeperformedwithinacertainperiodoftime,theCompanyrecognizesrevenueaccordingtotheperformanceprogressduringthatperiod,exceptwheretheperformanceprogresscannotbereasonablydetermined.TheCompanyconsidersthenatureofthegoodsorservicesandadoptstheoutputmethodortheinputmethodtodeterminetheprogressofperformance.Whentheperformanceprogresscannotbereasonablydetermined,andthecostsincurredareexpectedtobecompensated,theCompanyshallrecognizetherevenueaccordingtotheamountofthecostsincurreduntiltheperformanceprogresscanbereasonablydetermined.
Forobligationstobeperformedatacertainpointintime,theCompanyrecognizesrevenueatthepointwhenthecustomerobtainscontroloftherelevantgoodsorservices.Whenjudgingwhetheracustomerhasobtainedcontrolofgoodsorservices,theCompanyconsidersthefollowingsigns:
?TheCompanyhasthecurrentrighttocollectpaymentforthegoodsorservices,thatis,thecustomerhasthe
currentpaymentobligationforthegoodsorservices.?TheCompanyhastransferredthelegalownershipofthegoodstothecustomer,thatis,thecustomerhasthe
legalownershipofthegoods.?TheCompanyhastransferredthegoodstothecustomerinkind,thatis,thecustomerhastakenpossessionof
thegoodsinkind.?TheCompanyhastransferredthemainrisksandrewardsoftheownershipofthegoodstothecustomer,that
is,thecustomerhasobtainedthemainrisksandrewardsoftheownershipofthegoods.?Thecustomerhasacceptedthegoodsorservices,etc.
39.2Specificprinciples
1.Revenuefromsalesofgoods:Therealizationofsalesrevenueisrecognizedafterthedomesticsalesofgoodshavebeendeliveredandincompliancewiththerelevanttermsofthecontract;forexportsales,therealizationofsalesrevenueisrecognizedafterthegoodshavebeendeliveredanddeclaredtothecustomsandmeettherelevanttermsofthecontract.
2.Incomefromtheprovisionoflaborservices:TheCompanyprovidesthegrainandoildynamicreserveanditsrotationservicesfortheShenzhenMunicipalGovernment,andtheincomeisrecognizedwhentherelevantlaboractivitiesoccur.OperatingRegulationsforShenzhenMunicipalGovernmentGrainReserveCostContractingandShenzhenEdibleVegetableOilGovernmentReserveExpensesAll-inclusiveOperationalRegulationsshallbeusedtocalculateandconfirmtheserviceincomeofgrainandoilreserves.
3.Otherincome:
1)Theamountofincomefromroyaltiesshallbecalculatedanddeterminedaccordingtothechargingtimeandmethodstipulatedintherelevantcontractsoragreements.
2)Incomefrompropertyleasingsuchasrealestate,dockwarehouses,anddockdockingbusinessshallbecalculatedandconfirmedaccordingtothechargingtimeandmethodagreedinthecontractoragreement.
Differencesinaccountingpoliciesofrevenuerecognitionresultedbythedifferentoperatingmodelsforthesametypeofbusiness
40.Governmentsubsidy
40.1TypesGovernmentssubsidyoftheCompanyrefertothemonetaryandnon-monetaryassetsobtainedfromgovernmentforfree,andaredividedintothoserelatedtoassetsandothersrelatedtorevenues.GovernmentsubsidyrelatedtoassetsrefertothoseobtainedbytheCompanyandusedforpurchaseorconstructionoforotherwisetoformlong-termassets.Governmentsubsidiesrelatedtorevenuerefertothoseotherthangovernmentsubsidiesrelatedtoassets.
Specificcriteriaforclassifyingthegovernmentsubsidyasasset-relatedbytheCompanyare:Governmentsubsidyobtainedbythecompanyforthepurchase,construction,orotherformsoflong-termassetsSpecificcriteriaforclassifyingthegovernmentsubsidyasincome-relatedbytheCompanyare:Governmentsubsidiesobtainedbythecompanyexceptforthegovernmentsubsidiesrelatedtoassets.
40.2RecognitiontimepointIfthereisevidenceattheendoftheperiodthatthecompanycanmeettherelevantconditionsstipulatedbythefinancialsupportpolicyandisexpectedtoreceivefinancialsupportfunds,thegovernmentsubsidyshallberecognizedaccordingtotheamountreceivable.Inaddition,governmentsubsidiesarerecognizedwhentheyareactuallyreceived.Ifthegovernmentsubsidyisamonetaryasset,itshallbemeasuredintermsoftheamountreceivedorreceivable.Ifthegovernmentsubsidyisanon-monetaryasset,itshallbemeasuredatitsfairvalue;ifthefairvaluecannotbeobtainedreliably,itshallbemeasuredatitsnominalamount(RMB1).Governmentsubsidiesmeasuredatthenominalamountaredirectlyincludedinthecurrentgains/losses.
40.3AccountingtreatmentBasedontheessenceofeconomicbusiness,thecompanydetermineswhetheracertaintypeofgovernmentsubsidybusinessshouldbeaccountedforusingthegrossmethodorthenetmethod.Normally,thecompanyonlyselectsonemethodforthesameorsimilargovernmentsubsidybusiness,andusesthatmethodconsistentlyforthatbusiness.
| Category | Accountingcontent |
| Typesofgovernmentsubsidiesaccountedforusingthegrossmethod | Allgovernmentsubsidies |
Governmentsubsidyrelatedtoassetsisusedtooffsetthebookvalueofrelatedassetsorberecognizedasdeferredincome.Ifitisconfirmedasdeferredincome,itshallbeincludedinthecurrentgains/lossesinareasonableandsystematicwaybystageswithintheusefullifeoftherelevantassets(thoserelatedtotheCompany’sdailyactivitiesareincludedinotherincome;thoseunrelatedtotheCompany’sdailyactivitiesareincludedinthenon-operatingincome);GovernmentsubsidyrelatedtoincomethatisusedtocompensatetheCompany’srelatedcostsorlossesinsubsequentperiodsisrecognizedasdeferredincome,andisincludedinthecurrentgains/lossesduringtheperiodwhentherelatedcostsorlossesarerecognized(thoserelatedtotheCompany’sdailyactivitiesareincludedinotherincome;thoseunrelatedtotheCompany’sdailyactivitiesareincludedinthenon-operatingincome)orusedtooffsetrelatedcostsorlosses;thoseusedtocompensatetheCompany’srelatedcosts,expensesorlossesaredirectlyincludedinthecurrentgains/losses(thoserelatedtotheCompany’sdailyactivitiesareincludedinotherincome;thoseunrelatedtotheCompany’sdailyactivitiesareincludedinthenon-operatingincome)orusedtooffsetrelatedcostsorlosses.Thepolicy-relatedpreferentialloaninterestdiscountsobtainedbytheCompanyshallbeaccountedforseparately
inthefollowingtwosituations:
1)Thefinanceallocatesinterestdiscountfundstothelendingbank.Ifthelendingbankprovidesloanstothe
Companyatapolicy-basedpreferentialinterestrate,theCompanywillusetheactuallyreceivedloanamountastheentryvalueoftheloan,andcalculaterelatedborrowingcostsaccordingtotheloanprincipalandthepolicy-basedpreferentialinterestrate.
2)IfthefinancedirectlyallocatesinterestdiscountfundstotheCompany,theCompanywillwritedownthe
relevantborrowingcostswiththecorrespondinginterestdiscount.
41.DeferredincometaxassetsanddeferredincometaxliabilitiesIncometaxincludescurrentincometaxanddeferredincometax.Exceptforincometaxarisingfrombusinessmergersandtransactionsoreventsthataredirectlyincludedinowner'sequity(includingothercomprehensiveincome),theCompanyincludecurrentincometaxanddeferredincometaxincurrentgains/losses.Deferredincometaxassetsanddeferredincometaxliabilitiesarecalculatedandrecognizedbasedonthedifference(temporarydifference)betweenthetaxbaseofassetsandliabilitiesandtheirbookvalue.Deductibletemporarydifferencesrecognizedbydeferredincometaxassetsislimitedtothetaxableincomethatislikelytobeobtainedinthefuturetodeductdeductibletemporarydifferences.Forthedeductiblelossesandtaxdeductionsthatcanbecarriedforwardforsubsequentyearsarelimitedtothefuturetaxableincomethatislikelytobeobtainedtodeductdeductibleandtaxdeductions.Fortaxabletemporarydifferences,exceptforspecialcircumstances,deferredincometaxliabilitiesarerecognized.Specialcircumstancesthatdonotrecognizedeferredincometaxassetsordeferredincometaxliabilitiesinclude:
?Initialrecognitionofgoodwill;?Transactionsoreventsthatneitherareabusinesscombinationnoraffectaccountingprofitsandtaxableincome(ordeductiblelosses)whenoccur.Fortaxabletemporarydifferencesrelatedtoinvestmentsinsubsidiaries,associatesandjointventures,deferredincometaxliabilitiesarerecognized,unlesstheCompanycancontrolthetimingofthereversalofthetemporarydifferencesandthetemporarydifferencesarenotlikelytobereversedintheforeseeablefuture.Fordeductibletemporarydifferencesrelatedtoinvestmentsinsubsidiaries,associatesandjointventures,whenthetemporarydifferencesarelikelytobereversedintheforeseeablefutureandarelikelytobeusedtodeductthetaxableincomeofdeductibletemporarydifferencesinthefuture,recognizedeferredincometaxassets.Onthebalancesheetdate,deferredincometaxassetsanddeferredincometaxliabilitiesaremeasuredattheapplicabletaxrateduringtheperiodwhentherelevantassetsareexpectedtoberecoveredortherelevant
liabilitiesareexpectedtobepaidoffinaccordancewiththeprovisionsofthetaxlaw.Onthebalancesheetdate,theCompanyreviewsthebookvalueofdeferredincometaxassets.Ifitisprobablethatsufficienttaxableincomecannotbeobtainedinthefuturetooffsetthebenefitsofdeferredincometaxassets,thebookvalueofthedeferredincometaxassetsshallbewrittendown.Whenitispossibletoobtainsufficienttaxableincome,thewrite-downamountshallbereversed.Whenthereisastatutoryrighttosettleonanetbasis,andanintentiontosettleonanetbasisoracquireassetsandpayoffliabilitiesatthesametime,thecurrentincometaxassetsandcurrentincometaxliabilitiesarepresentedatthenetamountafteroffsetting.Onthebalancesheetdate,deferredincometaxassetsanddeferredincometaxliabilitiesshallbelistedasthenetamountafteroffsetwhenthefollowingconditionsaremetatthesametime:
?Thetaxsubjecthasthestatutoryrighttosettlecurrentincometaxassetsandcurrentincometaxliabilitieson
anetbasis;
?Incometaxassetsanddeferredincometaxliabilitiesarerelatedtotheincometaxleviedbythesametaxadministrationdepartmentonthesametaxationsubjectorrelatedtodifferenttaxationsubjects,however,intheperiodduringwhicheachimportantdeferredincometaxassetandliabilityarereversedinthefuture,thetaxpayerinvolvedintendstosettlethecurrentincometaxassetsandliabilitiesonanetbasisorobtainassetsandsettleliabilitiesatthesametime.
42.Lease
(1)AccountingtreatmentofoperatingleasesLeasereferstoacontractinwhichthelessortransferstherighttouseanassettothelesseeforacertainperiodoftimeinordertoobtainconsideration.Onthestartdateofthecontract,thecompanyevaluateswhetherthecontractisaleasecontractorthecontractincludesalease.Incaseonepartyofthecontracttransferstherighttocontroltheuseofoneormoreidentifiedassetsforacertainperiodoftimeinexchangeforconsideration,suchcontractisconsideredaleasecontractorsuchcontractincludesalease.Ifmultipleseparateleasesareincludedinthecontract,thecompanywillsplitthecontractandperformaccountingforeachseparateleaseseparately.Ifthecontractincludesboththeleasedandnon-leasedparts,thelesseeandlessorshallsplittheleasedandnon-leasedparts.However,thecompany,incaseservingasthelessee,choosenottosplitthecontractandcombinetheleasingpartsandtheirrelatednon-leasingpartsintoalease.Forrentreduction,deferredpaymentandotherrentconcessioninrespectoftheexistingleasecontractwhicharedirectlycausedbyimplementingthedocumentZHXCK[2022]No.13,ifthefollowingconditionsaremetatthesametime,theCompanywilladoptasimplifiedmethodforallleases,andwillnotevaluatewhetherthereisanychangeinleaseorre-evaluatetheleaseclassification:
?Theleaseconsiderationafterconcessionisreducedorbasicallyunchangedcomparedwiththatbeforeconcession,wheretheleaseconsiderationisnotdiscountedorisdiscountedatthediscountratebeforeconcession;?Afterconsideringbothqualitativeandquantitativefactors,itisdeterminedthattherearenosignificant
changesintheothertermsandconditionsofthelease.
42.1theCompanyservesaslessor
1.Right-of-useassetsOnthecommencementdateoftheleaseperiod,theCompanyrecognizesright-of-useassetsforleasesotherthanshort-termleasesandleasesoflow-valueassets.Right-of-useassetsareinitiallymeasuredatcost.Thiscostincludes:
?Theinitialmeasurementamountoftheleaseliability;?Theleasepaymentamountpaidonorbeforethestartdateoftheleaseperiod,ifthereisaleaseincentive,deducttherelevantamountoftheleaseincentivealreadyenjoyed;?Initialdirectexpensesincurredbythecompany;?TheestimatedcostsincurredbytheCompanyfordismantlingandremovingtheleasedassets,restoringthe
sitewheretheleasedassetsarelocated,orrestoringtheleasedassetstothestateagreeduponintheleaseterms,butdonotincludethecostsincurredfortheproductionofinventories.TheCompanysubsequentlyadoptsthestraight-linemethodtodepreciatetheright-of-useassets.Ifitcanbereasonablydeterminedthattheownershipoftheleasedassetwillbeobtainedattheexpirationoftheleaseterm,thecompanyshallaccruedepreciationwithintheremainingusefullifeoftheleasedasset;otherwise,theleasedassetshallbedepreciatedwithintheshorteroftheleasetermandtheremainingusefullifeoftheleasedasset..Thecompanydetermineswhethertheright-of-useassethasbeenimpairedinaccordancewiththeprinciplesdescribedinNoteV.(31)Impairmentoflong-termassets,andperformsaccountingtreatmentontheidentifiedimpairmentlosses.
2.LeaseliabilitiesOnthecommencementdateoftheleaseterm,theCompanyrecognizesleaseliabilitiesforleasesotherthanshort-termleasesandleasesoflow-valueassets.Theleaseliabilityisinitiallymeasuredatthepresentvalueofoutstandingleasepayments.Leasepaymentsinclude:
?Fixedpayments(includingactualfixedpayments),deducttherelevantamountoftheleaseincentiveifany;?Variableleasepaymentsthatdependonanindexorrate;?Theexpectedpaymentaccordingtotheresidualvalueoftheguaranteeprovidedbythecompany;?Theexercisepriceofthepurchaseoption,providedthatthecompanyisreasonablycertainthattheoptionwillbeexercised;?Paymentsforexercisingtheoptiontoterminatethelease,providedthattheleasetermreflectsthatthe
companywillexercisetheoptiontoterminatethelease.Thecompanyusestheinterestrateimplicitintheleaseasthediscountrate,butiftheinterestrateimplicitintheleasecannotbereasonablydetermined,thecompany’sincrementalborrowingrateisusedasthediscountrate.
Thecompanycalculatestheinterestexpenseoftheleaseliabilityineachperiodoftheleasetermaccordingtothefixedperiodicinterestrate,andincludesitintothecurrentgains/lossesorthecostofrelatedassets.Variableleasepaymentsthatarenotincludedinthemeasurementofleaseliabilitiesareincludedinthecurrentgains/lossesorthecostofrelatedassetswhentheyareactuallyincurred.Afterthecommencementdateoftheleaseterm,theCompanyshallre-measuretheleaseliabilitiesandadjustthecorrespondingright-of-useassetsunderthefollowingcircumstances.Ifthebookvalueoftheright-of-useassetshasbeenreducedtozero,buttheleaseliabilitiesstillneedtobefurtherreduced,theThedifferenceisincludedinthecurrentgains/losses:
?Whenthereisachangeintheevaluationresultsofthepurchaseoption,leaserenewaloptionorterminationoption,ortheactualexerciseoftheaforementionedoptionsisinconsistentwiththeoriginalevaluationresult,thecompanywillcalculatetheleasepaymentafterthechangeandthereviseddiscount.Remeasuretheleaseliabilityatthepresentvalueoftheratecalculation;?Whentheactualfixedpaymentchanges,theestimatedpayableamountoftheresidualvalueguarantee
changes,ortheindexorratiousedtodeterminetheleasepaymentchanges,thecompanycalculatesthepresentvaluebasedonthechangedleasepaymentandtheoriginaldiscountrateRemeasuretheleaseliability.However,wherechangesinleasepaymentsresultfromchangesinfloatinginterestrates,areviseddiscountrateisusedtocalculatethepresentvalue.
3.Short-termleasesandlow-valueassetleasesThecompanydoesn’trecognizeright-of-useassetsandleaseliabilitiesforshort-termleasesandlow-valueassetleases,andincludestherelevantleasepaymentsinthecurrentgains/lossesorrelatedassetcostsonastraight-linebasisovereachperiodoftheleaseterm.Short-termleasesrefertoleaseswithaleasetermofnotmorethan12monthsandexcludingpurchaseoptionsonthecommencementdateoftheleaseterm.Alow-valueassetleasereferstoaleasewithalowervaluewhenasingleleasedassetisabrand-newasset.Ifthecompanysubleasesorexpectstosubleasetheleasedassets,theoriginalleaseisnotalow-valueassetlease.
4.LeasechangeIftheleasechangesandthefollowingconditionsaremetatthesametime,thecompanywillaccountfortheleasechangeasaseparatelease:
?Theleasemodificationexpandsthescopeoftheleasebyaddingtherighttouseoneormoreleasedassets;?Theincreasedconsiderationisequivalenttotheamountadjustedbytheindividualpriceoftheexpandedpart
oftheleasescopeaccordingtothecontract.Iftheleasechangeisnotaccountedforasaseparatelease,ontheeffectivedateoftheleasechange,thecompanyre-allocatestheconsiderationofthecontractafterthechange,re-determinestheleaseterm,andcalculatesthecurrentvaluebasedontheleasepaymentafterthechangeandthereviseddiscountratetoremeasuretheleaseliability.Iftheleasechangeleadstothenarrowingoftheleasescopeortheshorteningoftheleaseterm,thecompanywillreducethebookvalueoftheright-of-useassetaccordingly,andincludetherelevantgainsorlossesonpartialor
completeterminationoftheleaseintothecurrentgains/losses.Ifotherleasechangesresultinre-measurementofleaseliabilities,theCompanyadjuststhebookvalueoftheright-of-useassetaccordingly.
42.2TheCompanyservesasthelesseeOnthecommencementdateofthelease,thecompanydividestheleaseintofinancingleaseandoperatinglease.Financeleasereferstoaleasethat,regardlessofwhetherownershipisultimatelytransferredornot,essentiallytransfersalmostalltherisksandrewardsrelatedtotheownershipoftheleasedasset.Operatingleasesrefertoleasesotherthanfinancingleases.Whenthecompanyservesasasubleaselessor,thesubleaseisclassifiedbasedontheuserightsassetsgeneratedfromtheoriginallease.
1.AccountingtreatmentforoperatingleasesTheleasereceiptsfromoperatingleasesarerecognizedasrentalincomeonastraight-linebasisduringeachperiodoftheleaseterm.Thecompanycapitalizestheinitialdirectexpensesrelatedtooperatingleasesandbooksthemtothecurrentgains/lossesonthesamebasisasrentalincomerecognitionduringtheleaseterm.Thevariableleasepaymentsthatarenotincludedintheleasereceiptsarerecognizedinthecurrentgains/lossesatthetimeofactualoccurrence.Ifthereisachangeintheoperatinglease,thecompanywilltreatitasanewleaseforaccountingtreatmentfromtheeffectivedateofthechange,andtheadvanceorreceivableleasereceiptsrelatedtotheleasebeforethechangeareconsideredasthenewleasereceipts.
2.FinancialleasingaccountingtreatmentOntheleasecommencementdate,thecompanyrecognizesthereceivablefinancingleasepaymentsforfinancingleasesandderecognizefinancingleaseassets.Whenthecompanyinitiallymeasuresthereceivablefinancingleasepayments,thenetleaseinvestmentisrecognizedasthebookedvalueofthereceivablefinancingleasepayments.Thenetleaseinvestmentisthesumoftheunguaranteedresidualvalueandthepresentvalueoftheleasereceiptsthathavenotbeenreceivedonthestartdateoftheleasetermdiscountedattheimplicitinterestrateofthelease.Ourcompanycalculatesandrecognizesinterestincomeforeachperiodoftheleasetermatafixedperiodicinterestrate.Thederecognitionandimpairmentoffinancingleasereceivablesshallbeaccountedforinaccordancewith“V.(10)FinancialInstruments”inthisnote.Variableleasepaymentsthatarenotincludedinthemeasurementofnetleaseinvestmentarerecognizedinthecurrentgains/lossesatthetimeofactualoccurrence.Ifthereisachangeinthefinancingleaseandthefollowingconditionsaremetsimultaneously,thecompanywilltreatthischangeasaseparateleaseforaccountingpurposes:
?Thechangeexpandstheleasescopebyincreasingtherighttouseoneormoreleasedassets;?Theincreasedconsiderationisequivalenttotheindividualpriceformostoftheexpansionoftheleasescopeadjustedaccordingtothecontractstatus.Ifthechangeinfinancingleaseisnottreatedasaseparateleaseforaccountingpurposes,thecompanywillhandlethechangedleaseinthefollowingsituations:
?Ifthechangetakeseffectontheleasecommencementdateandtheleasewillbeclassifiedasanoperating
lease,thecompanywilltreatitasanewleaseforaccountingpurposesstartingfromtheeffectivedateoftheleasechange,andusethenetleaseinvestmentbeforetheeffectivedateoftheleasechangeasthebookvalueoftheleasedasset;?Ifthechangetakeseffectontheleasecommencementdate,andtheleasewillbeclassifiedasafinancing
lease,thecompanywillconductaccountingtreatmentinaccordancewiththepolicyonmodifyingorrenegotiatingcontractsin“V.(10)FinancialInstruments”ofthisnote.
42.3LeasebacktransactionsThecompanyevaluatesanddetermineswhethertheassettransferintheleasebacktransactionaresalesinaccordancewiththeprinciplesstatedin“NoteV.(39)Revenue”.
1.ThecompanyactsaslesseeIncasethetransferofassetsinleasebacktransactionissales,thecompany,asthelessee,measurestheright-of-useassetsformedbyleasebackbasedontheportionoftheoriginalassetbookvaluerelatedtotheleasebackobtainedinthebookvalueoforiginalassets,andonlyrecognizestherelevantgainsorlossesbasedontherightstransferredtothelessor;Iftheassettransferinleasebacktransactiondoesisnotsales,thecompany,asthelessee,continuestorecognizethetransferredassetandrecognizesafinancialliabilityequaltothetransferincome.Theaccountingtreatmentoffinancialliabilitiesisdetailedin“NoteV.(10)FinancialInstruments”.
2.TheCompanyservesaslessorIncasethetransferofassetsinleasebacktransactionissales,thecompany,asthelessor,conductsaccountingtreatmentforthepurchaseofassets,andconductsaccountingtreatmentforassetleasinginaccordancewiththeaforementionedpolicyof“2.Thecompanyasthelessor”;Incasethetransferofassetsinleasebacktransactiondoesnotbelongtosales,thecompany,asthelessor,doesnotrecognizethetransferredassets,butrecognizesafinancialassetequaltothetransferincome.Theaccountingtreatmentoffinancialassetsisdetailedin“NoteV.
(10)FinancialInstruments”.
（2）Accountingtreatmentmethodoffinancialleasing
43.Otherimportantaccountingpolicyandestimation
44.Changesofimportantaccountingpolicyandestimation
(1)Changesofimportantaccountingpolicies?Applicable□Notapplicable
| Content&reasons | Approvalprocedure | Note |
OnNovember30,2022,theMinistryofFinanceissuedInterpretationNo.16oftheAccountingStandardsforBusinessEnterprises(CK[2022]No.31,hereinafterreferredtoas“InterpretationNo.16”),whichstatesthat
“accountingtreatmentfordeferredincometaxrelatedtoassetsandliabilitiesarisingfromindividualtransactionsdoesnotapplytoinitialrecognitionexemption”shallbeimplementedfromJanuary1,2023,allowingenterprisestoexecuteitinadvancefromtheyearofpublication.ThecompanyimplementedtheaccountingtreatmentrelatedtothismatterfromJanuary1,2023,andthismatterhasnosignificantimpactonthecompany’sfinancialstatementsduringthereportingperiod.
(2)Changesofimportantaccountingestimate
□Applicable?Notapplicable
(3)Relateditemsoffinancialstatementsatthebeginningofthefirstyeartoimplementthenewaccountingstandardsadjustmentforthefirsttimestartingfrom2023
□Applicable?Notapplicable
45.Others
NilVI.Taxes
1.Typeoftaxandrateformainapplicabletax
| Taxes | Basis | Rate |
| VAT | Theoutputtaxiscalculatedonthebasisofthesalesofgoodsandthetaxableserviceincomecalculatedaccordingtothetaxlaw.Afterdeductingtheinputtaxamountthatisallowedtobedeductedinthecurrentperiod,thedifferencepartisthevalue-addedtaxpayable. | 13.00%,9.00%,6.00%,5.00%,3.00% |
| Urbanmaintenanceandconstructiontax | Calculatedaccordingtotheactualvalue-addedtaxandconsumptiontax | 7.00%,5.0% |
| Enterpriseincometax | Calculatedaccordingtotaxableincome | 25.00%,20.00%,15.00% |
| Propertytax | Price-basedresourcetax,1.2percentoftheremainingvalueafterdeducting20%oftheoriginalvalueoftheproperty;12percentoftherentalincomeiflevybyrents. | 1.20%,12.00% |
| Deedtax | Whenthepropertyrightoftherealpropertyistransferred,thecontractpriceshallbepaidtotheownerofthepropertyrightinonelumpsum | 3.00%-5.00% |
Rateofincometaxfordifferenttaxpayingbody:
| Taxpayingbody | Rateofincometax |
| ShenzhenCerealsHoldingsCo.,Ltd. | 25.00% |
| ShenzhenCerealsGroupCo.,Ltd(hereinafterreferredtoas“SZCG”) | 25.00%,somebusinessesaretax-free |
| ShenzhenHualianGrainandOilTradingCo.,Ltd.(hereinafterreferredtoas“HualianCerealsandOil”) | 25.00% |
| DongguanShenliangHualianCerealsandOilTradingCo.,Ltd(hereinafterreferredtoas“DongguanHualian”) | 25.00% |
| ShenzhenShenliangHongjunCateringManagementCo.,Ltd.(hereinafterreferredtoas“ShenliangHongjun”) | 25.00% |
| ShenzhenFlourCo.,Ltd(hereinafterreferredtoas“ShenzhenFlour”) | 25.00%,somebusinessesaretax-free |
| ShenliangQualityInspectionCo.,Ltd.(hereinafterreferredtoas“ShenliangQualityInspection”) | 20.00% |
| HainanShenliangOil&FoodCo.,Ltd.(hereinafterreferredtoas“HainanOil&Food”) | 20.00% |
| ShenzhenShenliangDoximiBusinessCo.,Ltd.(hereinafterreferredtoas“Doximi”) | 25.00% |
| ShenzhenShenliangBigKitchenFoodSupplyChainCo.,Ltd(hereinafterreferredtoas“BigKitchen”) | 25.00% |
| ZhenpinMarketOperationTechnologyCo.,Ltd.(hereinafterreferredto“ZhenpinMarket”) | 25.00% |
| ShenzhenShenliangStorage(Yingkou)Co.,Ltd(hereinafterreferredtoas“YingkouStorage”) | 25.00% |
| ShenzhenShenliangColdChainLogisticsCo.,Ltd.(hereinafterreferredtoas“ColdChainLogistics”) | 15.00% |
| ShenzhenShenliangPropertyDevelopmentCo.,Ltd.(hereinafterreferredtoas“ShenliangPropertyDevelopment”) | 25.00% |
| ShenzhenShenliangPropertyManagementCo.,Ltd.(hereinafterreferredtoas“ShenliangPropertyManagement”) | 20.00% |
| DongguanShenliangLogisticsCo.,Ltd.(hereinafterreferredtoas“DongguanLogistics”) | 25.00% |
| DongguanInternationalFoodIndustrialParkDevelopmentCo.,Ltd.(hereinafterreferredtoas“InternationalFood”) | 25.00% |
| DongguanShenliangOil&FoodTradeCo.,Ltd.(hereinafterreferredtoas“DongguanOil&Food”) | 25.00% |
| ShuangyashanShenliangCerealsBaseCo.,Ltd.(hereinafterreferredtoas“Shuangyashan”) | 25.00% |
| ShenzhenShenbaoHuachengTechnologyCo.,Ltd.(hereinafterreferredtoas“ShenbaoHuacheng”) | 15.00% |
| WuyuanJuFangYongTeaIndustryCo.,Ltd(hereinafterreferredtoas“WuyuanJuFangYong”) | 15.00% |
| ShenzhenShenshenbaoInvestmentCo.,Ltd(hereinafterreferredtoas“ShenshenbaoInvestment”) | 25.00% |
| ShenzhenShenshenbaoTeaCultureCommercialManagementCo.,Ltd.(hereinafterreferredtoas“ShenbaoTeaCulture”) | 25.00% |
| HangzhouJuFangYongHoldingCo.,Ltd(hereinafterreferredtoas“JuFangYongHolding”) | 25.00% |
| HangzhouFuhaitangCateringManagementChainCo.,Ltd.(hereinafterreferredtoas“FuhaitangCatering”) | 25.00% |
| HangzhouFuhaitangTeaEcologyTechnologyCo.,Ltd(hereinafterreferredtoas“FuhaitangTeaEcology”) | 25% |
| MountWuyiShenbaoRockTeaCo.,Ltd.(hereinafterreferredtoas“ShenbaoRockTea”) | 25.00% |
| YunnanShenbaoPu’erTeaSupplyChainManagementCo.,Ltd.(hereinafterreferredtoas“Pu’erTeaSupplyChain”) | 25.00% |
| ShenzhenShenliangFoodCo.,Ltd.(hereinafterreferredtoas“ShenzhenShenliangFood”) | 25.00% |
| YunnanPu’erTeaTradingCenterCo.,Ltd.(hereinafterreferredtoas“Pu’erTeaTradingCenter”) | 25.00% |
| HuizhouShenliangFoodCo.,Ltd.(hereinafterreferredtoas“HuizhouShenliangFood”) | 25.00% |
| HuizhouShenbaoTechnologyCo.,Ltd.(hereinafterreferredtoas“HuizhouShenbao”) | 25.00% |
| ZhenpinMarketOperationTechnologyCo.,Ltd.(hereinafterreferredto“ZhenpinMarket”) | 25.00% |
| ShenzhenShenbaoIndustrial&TradingCo.,Ltd(hereinafterreferredtoas“ShenbaoIndustrial&Trading”) | 25.00% |
| WuhanJiachengBiotechnologyCo.,Ltd(hereinafterreferredtoas“WuhanJiacheng”) | 15.00% |
| HubeiJiachengBiotechnologyCo.,Ltd(hereinafterreferredtoas“HubeiJiacheng”) | 25.00% |
| WuhanHongquHealthBiologyCo.,Ltd(hereinafterreferredtoas“WuhanHongqu”) | 25.00% |
| MachengJintianCamelliaOilCo.,Ltd.(hereinafterreferredtoas“MachengJintian”) | 25.00% |
| ShenliangHongliGrainandOil(Shenzhen)Co.,Ltd(hereinafterreferredtoas“ShenliangHongli”) | 25.00% |
2.Preferentialtaxation
2.1.VATdiscountsandapprovalAccordingtothe“NoticeoftheMinistryofFinanceandtheStateAdministrationofTaxationontheIssuesConcerningtheVATCollectionandExemptionofGrainEnterprises(CSZ[1999]No.198)”and“ShenzhenTaxService,StateTaxationAdministrationandShenzhenFinanceBureauSGSF(SCF[1999]No.428)”,confirmingthatSZCG,theCompany’ssubsidiary,anditssubsidiaries,arestate-ownedgrainpurchaseandsaleenterprisesthatundertakegraincollectionandstoragetasksforShenzhen,thegrainsoldissubjecttotax-freedeclarationbyruleandenjoystheexemptionfromVAT.Inaddition,accordingtothestipulationofthe“AnnouncementofStateAdministrationofTaxationonRelevantManagementMattersAfterClarifyingtheCancellationoftheApprovalofSomeVATPreferentialPolicies”(SATAnnouncement2015No.38),theapprovalforexemptionfromVATandtheinvolvedtaxreviewandapprovalproceduresforthestate-ownedgrainenterprisesthatundertakegraincollectionandstoragetasks,othergrainenterprisesthatoperatetax-freeprojectsandenterprisesthathaveediblevegetableoilsalesbusinessforgovernmentreservesarecanceledandchangedtorecordmanagement.Thetaxpayerdoesnotchangethecontentoftherecordmaterialsduringtheperiodoftaxexemptioncanbeputonaone-timerecord.InDecember2013,SZCGobtainedthenoticeoftheVATpreferentialrecord(SGSFJBM[2013]No.2956)fromShenzhenFutianStateAdministrationofTaxation.Inthecaseofnochangeinpolicy,thislimited
filingperiodstartedonJanuary1
st
,2014.TheVATinputtaxamountofthepreferentialitemwasseparatelyaccountedfor,andtheinputVATcalculationmethodcannotbechangedwithin36monthsaftertheselection.AsofJune30,2023,thetaxexemptionpolicyhasbeenineffectsinceitsfilingin2014,andthecompany’sVATinputtaxhasnotchangedsinceitwasaccountedforseparatelyin2014,sothecompanycontinuestoenjoythetaxpreference.
2.2.Stampduty,housepropertytax,andurbanlandusetaxpreferencesAccordingtothestipulationsof“AnnouncementoftheMinistryofFinanceandtheStateAdministrationofTaxationonContinuingtheImplementationofTaxPreferentialPoliciesforSomeNationalReserveCommodityReserves(CS[2022]No.8)”,confirmthatthefundaccountbookofSZCG,theCompany’ssubsidiary,anditsdirectdepotsisexemptfromstampduty,thatthewrittenpurchaseandsalecontractsofSZCGintheprocessofundertakingthecommodityreservebusinessareexemptfromstampduty,andconfirmingthatSZCG’shousepropertyandlandusedforthecommodityreservebusinessareexemptfromhousepropertytaxandurbanlandusetax.TheexecutiontimelimitforthistaxpreferencepolicyisuptoDecember31,2022sinceJanuary1,2022.
2.3.Enterpriseincometax
(1)OnMay27,2021,theGeneralAdministrationofTaxation,MinistryofFinanceissuedtheNoticeontheExtensionofPreferentialPoliciesofEnterpriseIncomeTaxofQianhaiShenzhen-HongKongModernServiceIndustryCooperationZoneinShenzhen,theenterpriseincometaxofqualifiedenterpriseslocatedinQianhaiShenzhen-HongKongModernServiceIndustryCooperationZoneisleviedattherateof15.00%,andtheNoticetobeimplementedfromJanuary1,2021toDecember31,2025.TheCompany'ssubsidiarycoldchainlogisticsisregisteredinShenzhenQianhaiCooperationZone,whichiseligibleforpreferentialtaxconditions.Accordingtorelevantpoliciesofthecooperationzone,itsincometaxwillenjoyapreferentialtaxof15.00%
(2)OnDecember23,2021,ShenbaoHuacheng,asubsidiaryoftheCompany,obtainedtheHigh-techEnterpriseCertificate(CertificateNo.:GR202144205394)jointlyissuedbytheShenzhenScienceandTechnologyBureau,theShenzhenFinanceBureau,andtheShenzhenTaxService,StateTaxationAdministration,whichisvalidforthreeyears.Accordingtotherelevantpreferentialpoliciesofthestateforhigh-techenterprises,thequalifiedhigh-techenterpriseswillpaycorporateincometaxatareducedincometaxrateof15.00%withinthreeyearsfromtheyearofidentification.ShenbaoHuachengwillenjoythepreferentialtaxpolicyfrom2021to2024.
(3)OnNovember3,2021,WuyuanJuFangYong,asubsidiaryoftheCompany,obtainedtheHigh-techEnterpriseCertificate(CertificateNo.:GR202136000731)jointlyissuedbytheScienceandTechnologyDepartmentofJiangxiProvince,theFinanceDepartmentofJiangxiProvince,andtheJiangxiProvincialTaxService,StateTaxationAdministration,whichisvalidforthreeyears.Accordingtotherelevantpreferentialpoliciesofthestateforhigh-techenterprises,qualifiedhigh-techenterpriseswillpaycorporateincometaxatareducedincometaxrateof15.00%withinthreeyearsfromtheyearofidentification.WuyuanJuFangYongwillenjoythepreferentialtaxpolicyfrom2021to2024.
(4)OnOct.12,2022,WuhanJiacheng,asubsidiaryoftheCompany,obtainedtheHigh-techEnterpriseCertificate
(CertificateNo.:GR202242000734)jointlyissuedbytheDepartmentofScienceandTechnologyofHubeiProvince,theHubeiProvincialDepartmentofFinanceofHubeiProvince,andtheHubeiProvincialTaxService,StateTaxationAdministration,whichisvalidforthreeyears.Accordingtotherelevantpreferentialpoliciesofthestateforhigh-techenterprises,qualifiedhigh-techenterpriseswillpaycorporateincometaxatareducedincometaxrateof15.00%withinthreeyearsfromtheyearofidentification.WuhanJiachengenjoysthepreferentialtaxpolicyfrom2022to2025.
(5)AccordingtotheNoticeoftheMinistryofFinanceandtheStateTaxationAdministrationontheTreatmentofCorporateIncomeTaxTreatmentofFiscalFundsforSpecialPurposes(CS[2009]No.87),thegovernmentalserviceincomesobtainedbySZCG,theCompany’ssubsidiary,anditssubordinatecompaniesbycarryingoutgovernmentgrainreservesbusinessarefiscalfundsforspecialpurposes,thosethatmeettherequirementscanberegardedasnon-taxableincomesanddeductedfromthetotalincomewhencalculatingthetaxableincome.Expensesarisingfromtheuseoftheabovenon-taxableincomeforexpenditureshallnotbedeductedfromthecalculationoftaxableincome;forassetsformedfromexpenditure,thecalculateddepreciationandamortizationshallnotbedeductedfromthecalculationoftaxableincome.
(6)ShenzhenFlour,asubsidiaryoftheCompany,isaflourprimaryprocessingenterprise,accordingtothestipulationsofthe“NoticeonIssuingtheScope(Trial)ofPrimaryProcessingofAgriculturalProductsApplicabletotheCorporateIncomeTaxPreferentialPolicy(CS[2008]No.149)”andthe“SupplementaryNoticeontheScopeofPrimaryProcessingofAgriculturalProductsApplicabletotheCorporateIncomeTaxPreferentialPolicyoftheMinistryofFinanceandtheStateAdministrationofTaxation”(CS[2011]No.26),thewheatprimaryprocessingisexemptfromincometax.
(7)AccordingtotheAnnouncementoftheMinistryofFinanceandtheStateTaxationAdministrationontheImplementationofPreferentialIncomeTaxPoliciesforSmallandMicroEnterprisesandIndividualBusiness(GG[2021]No.12)andtheAnnouncementofStateTaxationAdministrationonMattersRelatedtotheImplementationofPreferentialIncomeTaxPoliciesfortheDevelopmentofSmallandMicro-profitEnterprisesandIndividualBusiness(GG[2021]No.8),fromJanuary1,2021toDecember31,2022,thepartoftheannualtaxableincomeofsmallandlow-profitenterprisesnotexceeding1millionyuanshallbeincludedinthetaxableincomeatareducedrateof12.50%,andtheenterpriseincometaxshallbepaidatataxrateof20.00%.AccordingtotheAnnouncementoftheMinistryofFinanceandtheStateAdministrationofTaxationontheFurtherImplementationofPreferentialIncomeTaxPoliciesforSmallandMicroEnterprises(GG[2022]No.13),fromJanuary1,2022toDecember31,2024,theannualtaxableincomeofsmallandmicroprofitenterprisesexceeds1millionyuanbutdoesnotexceed3.00millionyuan.Deduct25.00%astaxableincomeandpaycorporateincometaxattherateof20.00%.Thecompany’ssubsidiaryHainanGrainandOil,ShenliangPropertyandShenliangQualityInspectionaresmallprofitenterprisesandinlinewiththepreferentialtaxconditions.
3.OtherVII.Notestomainitemsofconsolidatedfinancialstatements
1.Monetaryfunds
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
| Cashonhand | 247,140.34 | 69,686.00 |
| Cashinbank | 100,373,190.25 | 52,837,770.89 |
| Othermonetaryfund | 1,087,109.07 | 1,196,314.11 |
| Total | 101,707,439.66 | 54,103,771.00 |
| Totalamountoffundswithrestrictionsonuseduetomortgage,pledge,orfreezing | 1,595,309.92 | 1,008,301.74 |
Otherexplanation
2.Tradablefinancialassets
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
| Financialassetsmeasuredbyfairvalueandwithvariationreckonedintocurrentgains/losses | 226,830,484.23 | 46,676,652.91 |
| Including: | ||
| Equityinvestmentinstrument | 1,114,607.52 | 1,228,132.36 |
| Structuredfinancialproducts | 225,715,876.71 | 45,448,520.55 |
| Including: | ||
| Total | 226,830,484.23 | 46,676,652.91 |
Otherexplanation:
3.Derivativefinancialassets
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
Otherexplanation:
4.Notereceivable
(1)Bycategory
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
| Bankacceptancebill | 177,052.00 | 270,109.00 |
| Total | 177,052.00 | 270,109.00 |
Unit:RMB/CNY
| Category | Endingbalance | Openingbalance | ||||||||
| Bookbalance | Provisionforbaddebt | Bookvalue | Bookbalance | Provisionforbaddebt | Bookvalue | |||||
| Amount | Ratio | Amount | Accrualratio | Amount | Ratio | Amount | Accrualratio | |||
| Including: | ||||||||||
| Including: | ||||||||||
Iftheprovisionforbaddebtsofnotereceivableismadeinaccordancewiththegeneralmodelofexpectedcreditlosses,pleaserefertothedisclosureofotheraccountreceivablestodiscloserelatedinformationaboutprovisionsforbaddebts:
□Applicable?Notapplicable
(2)Provisionforbaddebtaccrual,collectedorreversalintheperiod
Provisionforbaddebtaccrualintheperiod:
Unit:RMB/CNY
| Category | Openingbalance | Amountchangedintheperiod | Endingbalance | |||
| Accrual | Collectedorreversal | Written-off | Other | |||
Includingmajoramountofprovisionforbaddebtcollectedorreversalintheperiod:
□Applicable?Notapplicable
(3)NotesreceivablealreadypledgedbytheCompanyattheendoftheperiod
Unit:RMB/CNY
| Item | Amountpledgedatperiod-end |
(4)Notesendorsementordiscountandundueonbalancesheetdate
Unit:RMB/CNY
| Item | Amountderecognitionatperiod-end | Amountnotderecognitionatperiod-end |
| Bankacceptancebill | 861,712.00 |
| Total | 861,712.00 |
(5)Notestransfertoaccountreceivabledueforfailureimplementationbydraweratperiod-end
Unit:RMB/CNY
| Item | Amounttransfertoaccountreceivableatperiod-end |
Otherexplanation
(6)Notereceivableactuallywritten-offintheperiod
Unit:RMB/CNY
| Item | Amountwritten-off |
Includingimportantnotereceivablethatwritten-off:
Unit:RMB/CNY
| Enterprise | Nature | Amountwritten-off | Written-offcauses | Procedureofwritten-off | Resultedbyrelatedtransaction |
Explanationonnotereceivablewritten-off:
5.Accountreceivable
(1)Bycategory
Unit:RMB/CNY
| Category | Endingbalance | Openingbalance | ||||||||
| Bookbalance | Provisionforbaddebt | Bookvalue | Bookbalance | Provisionforbaddebt | Bookvalue | |||||
| Amount | Ratio | Amount | Accrualratio | Amount | Ratio | Amount | Accrualratio | |||
| Accountreceivablewithprovisionforbaddebtsaccrualonasinglebasis | 95,687,477.94 | 35.30% | 95,575,736.94 | 99.88% | 111,741.00 | 96,298,242.86 | 28.65% | 95,725,038.89 | 99.40% | 573,203.97 |
| Including: | ||||||||||
| Accountreceivablewithprovisionforbaddebtsaccrualonportfolio | 175,395,609.66 | 64.70% | 3,314,329.37 | 1.89% | 172,081,280.29 | 239,772,846.96 | 71.35% | 3,516,949.98 | 1.47% | 236,255,896.98 |
| Including: | ||||||||||
| Including:portfolioofsalesreceivable | 123,368,590.15 | 45.51% | 3,314,329.37 | 2.69% | 120,054,260.78 | 142,291,769.29 | 42.34% | 3,516,949.98 | 2.47% | 138,774,819.31 |
| Object-specificportfolio | 52,027,019.51 | 19.19% | 52,027,019.51 | 97,481,077.67 | 29.01% | 97,481,077.67 | ||||
| Total | 271,083,087.60 | 100.00% | 98,890,066.31 | 172,193,021.29 | 336,071,089.82 | 100.00% | 99,241,988.87 | 236,829,100.95 |
Provisionforbaddebtaccrualonsinglebasis:95,575,736.94yuan.
Unit:RMB/CNY
| Name | Endingbalance | |||
| Bookbalance | Provisionforbaddebt | Accrualratio | Accrualcauses | |
| GuangzhouJinheFeedCo.,Ltd | 10,455,627.54 | 10,455,627.54 | 100.00% | Extremelowpossibilityofrecovery |
| ShenzhenFaqunIndustryCo.,Ltd. | 4,582,156.00 | 4,582,156.00 | 100.00% | Extremelowpossibilityofrecovery |
| LiShaoyu | 2,929,128.53 | 2,929,128.53 | 100.00% | Extremelowpossibilityofrecovery |
| ZhuhaiDoumenHuabiFeedCo.,Ltd. | 2,396,327.14 | 2,396,327.14 | 100.00% | Extremelowpossibilityofrecovery |
| ChongqingZhongxingFoodIndustryCo.,Ltd. | 2,354,783.30 | 2,354,783.30 | 100.00% | Extremelowpossibilityofrecovery |
| SichuanZhongxingFoodIndustryCo.,Ltd. | 1,698,103.22 | 1,698,103.22 | 100.00% | |
| ShenzhenBujiAgriculturalProductsWholesaleCenterMarketXingminCommercialBank | 1,534,512.45 | 1,534,512.45 | 100.00% | Extremelowpossibilityofrecovery |
| CaoShengyun | 1,429,745.00 | 1,429,745.00 | 100.00% | Extremelowpossibilityofrecovery |
| HuaxingFeedFactory,ShundeDistrict,FoshanCity | 1,290,274.22 | 1,290,274.22 | 100.00% | Extremelowpossibilityofrecovery |
| Shanghaioffice | 1,059,295.90 | 1,059,295.90 | 100.00% | Extremelowpossibilityofrecovery |
| ShenzhenDihuanInvestmentDevelopmentCompany | 1,045,356.50 | 1,045,356.50 | 100.00% | Extremelowpossibilityofrecovery |
| Othersingleprovision | 64,912,168.14 | 64,800,427.14 | 99.83% | Extremelowpossibilityofrecovery |
| Total | 95,687,477.94 | 95,575,736.94 |
Provisionforbaddebtsaccrualonportfolio:3,314,329.37yuan
Unit:RMB/CNY
| Name | Endingbalance | ||
| Bookbalance | Provisionforbaddebt | Accrualratio | |
| Including:Portfolioofsalesreceivable | 123,368,590.15 | 3,314,329.37 | 2.69% |
| Object-specificportfolio | 52,027,019.51 | ||
| Total | 175,395,609.66 | 3,314,329.37 | |
Explanationonthebasisfordeterminingportfolio:
Provisionforbaddebtsaccrualonportfolio:
Unit:RMB/CNY
| Name | Endingbalance | ||
| Bookbalance | Provisionforbaddebt | Accrualratio | |
Explanationonthebasisfordeterminingportfolio:
Iftheprovisionforbaddebtsofaccountsreceivableismadeinaccordancewiththegeneralmodelofexpectedcreditlosses,pleaserefertothedisclosureofotherreceivablestodiscloserelatedinformationaboutprovisionsforbaddebt:
□Applicable?NotapplicableByaccountage
Unit:RMB/CNY
| Accountage | Endingbalance |
| Withinoneyear(including1-year) | 173,818,562.72 |
| 1-2years | 1,747,202.64 |
| 2-3years | 2,307,020.56 |
| Over3years | 93,210,301.68 |
| 3-4years | 189,384.00 |
| 4-5years | 713,578.10 |
| Over5years | 92,307,339.58 |
| Total | 271,083,087.60 |
(2)Provisionsforbaddebtsaccrual,collectedorreversalintheperiod
Provisionforbaddebtaccrualintheperiod:
Unit:RMB/CNY
| Category | Openingbalance | Amountchangedintheperiod | Endingbalance |
| Accrual | Collectedorreversal | Written-off | Other | |||
| Provisionforbaddebtsaccrualonsinglebasis | 95,725,038.89 | 149,301.95 | 95,575,736.94 | |||
| Provisionforbaddebtsaccrualonportfolio | 3,516,949.98 | -107,813.22 | 94,807.39 | 3,314,329.37 | ||
| Total | 99,241,988.87 | -107,813.22 | 244,109.34 | 98,890,066.31 |
Importantamountofprovisionforbaddebtscollectedorreversal:
□Applicable?Notapplicable
Unit:RMB/CNY
| Enterprise | Amountcollectedorreversal | Collectionway |
(3)Accountreceivableactuallywritten-offintheperiod
Unit:RMB/CNY
| Item | Amountwritten-off |
Includingmajoraccountreceivablewritten-off:
Unit:RMB/CNY
| Enterprise | Nature | Amountwritten-off | Written-offcauses | Procedureofwritten-off | Resultedbyrelatedtransaction(Y/N) |
Explanationonaccountreceivablewritten-off:
(4)Top5accountreceivablesatendingbalancebyarrearsparty
Unit:RMB/CNY
| Enterprise | Endingbalanceofaccountsreceivable | Proportionintotalreceivablesatendingbalance | Baddebtpreparationendingbalance |
| First | 46,147,460.26 | 17.02% | |
| Second | 10,455,627.54 | 3.86% | 10,455,627.54 |
| Third | 8,235,912.87 | 3.04% | 51,692.01 |
| Fourth | 4,582,156.00 | 1.69% | 4,582,156.00 |
| Fifth | 3,918,920.00 | 1.44% | 20,060.36 |
| Total | 73,340,076.67 | 27.05% |
(5)Assetsandliabilitiesformedbyaccountreceivabletransferandcontinuingtobeinvolved
(6)TheamountofassetsandliabilitiesformedbytransferringotherreceivablesandcontinuingtobeinvolvedOtherexplanation
6.Accountreceivablefinancing
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
Changesofaccountreceivablefinancingandchangeoffairvalueintheperiod
□Applicable?NotapplicableIftheimpairmentprovisionofaccountreceivablefinancingismadeinaccordancewiththegeneralmodelofexpectedcreditlosses,pleaserefertothedisclosureofotheraccountreceivablestodiscloserelatedinformationaboutimpairmentprovision:
□Applicable?NotapplicableOtherexplanation:
7.Accountspaidinadvance
(1)Byaccountage
Unit:RMB/CNY
| Accountage | Endingbalance | Openingbalance | ||
| Amount | Ratio | Amount | Ratio | |
| Withinoneyear | 31,986,367.58 | 98.12% | 64,831,898.58 | 99.00% |
| 1-2years | 302,136.99 | 0.93% | 361,081.54 | 0.55% |
| 2-3years | 131,447.72 | 0.40% | 175,520.68 | 0.27% |
| Over3years | 179,125.47 | 0.55% | 118,890.08 | 0.18% |
| Total | 32,599,077.76 | 65,487,390.88 | ||
Explanationonreasonsfornottimelysettlingimportantaccountpaidinadvancewithageoveroneyear:
(3)Top5accountspaidinadvanceatendingbalancebyprepaymentobject
Otherexplanation:
| Prepaidobjects | Endingbalance | Proportionintotalprepaymentbalanceattheendofperiod(%) |
| First | 22,412,160.12 | 68.75 |
| Second | 3,567,146.00 | 10.94 |
| Third | 1,693,030.56 | 5.19 |
| Fourth | 1,068,577.20 | 3.28 |
| Fifth | 483,400.20 | 1.48 |
| Total | 29,224,314.08 | 89.64 |
8.Otheraccountreceivable
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
| Otheraccountreceivable | 42,351,756.38 | 32,910,189.14 |
| Total | 42,351,756.38 | 32,910,189.14 |
(1)Interestreceivable
1)Bycategory
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
2)Significantoverdueinterest
Unit:RMB/CNY
| Borrower | Endingbalance | Overduetime | Overduecauses | Whetherimpairmentoccursanditsjudgmentbasis |
Otherexplanation:
3)Accrualofprovisionforbaddebts
□Applicable?Notapplicable
(2)Dividendreceivable
1)Bycategory
Unit:RMB/CNY
| Item(orinvestedenterprise) | Endingbalance | Openingbalance |
2)Importantdividendsreceivablewithaccountageoveroneyear
Unit:RMB/CNY
| Item(orinvestedenterprise) | Endingbalance | Accountage | Reasonsfornotcollection | Whetherimpairmentoccursanditsjudgmentbasis |
3)Accrualofprovisionforbaddebt
□Applicable?NotapplicableOtherexplanation:
(3)Otheraccountreceivable
1)Bynature
Unit:RMB/CNY
| Nature | Endingbookbalance | Openingbookbalance |
| Marginanddeposit | 13,114,954.68 | 14,170,451.49 |
| Otherintercoursefunds | 132,607,662.86 | 122,723,170.61 |
| Total | 145,722,617.54 | 136,893,622.10 |
2)Accrualofprovisionforbaddebts
Unit:RMB/CNY
| Provisionforbaddebt | PhaseI | PhaseII | PhaseIII | Total |
| Expectedcreditlossesovernext12months | Expectedcreditlossesfortheentireduration(withoutcreditimpairmentoccurred) | Expectedcreditlossesfortheentireduration(withcreditimpairmentoccurred) | ||
| BalanceonJan.1,2023 | 2,845,796.16 | 101,137,636.80 | 103,983,432.96 | |
| BalanceonJan.1,2023intheperiod | ||||
| Currentaccrual | 1,590.28 | 1,590.28 | ||
| Otherchanges | 163,532.86 | 450,629.22 | 614,162.08 | |
| BalanceonJune30,2023 | 2,683,853.58 | 100,687,007.58 | 103,370,861.16 |
Changeinthebookbalanceoflossprovisionwhoseamountchangedgreatlyintheperiod
□Applicable?NotapplicableByaccountage
Unit:RMB/CNY
| Accountage | Endingbalance |
| Withinoneyear(including1year) | 22,618,973.61 |
| 1-2years | 15,627,452.42 |
| 2-3years | 4,134,695.16 |
| Over3years | 103,341,496.35 |
| 3-4years | 1,819,427.03 |
| 4-5years | 1,226,657.34 |
| Over5years | 100,295,411.98 |
| Total | 145,722,617.54 |
3)Provisionforbaddebtsaccrual,collectedorreversalintheperiod
Provisionforbaddebtaccrualintheperiod:
Unit:RMB/CNY
| Category | Openingbalance | Amountchangedintheperiod | Endingbalance | |||
| Accrual | Collectedorreversal | Writtenoff | Other | |||
| Provisionforbaddebtsaccrualonsinglebasis | 101,137,636.80 | 450,629.22 | 100,687,007.58 | |||
| Provisionforbaddebtsaccrualonportfolio | 2,845,796.16 | 1,590.28 | 163,532.86 | 2,683,853.58 | ||
| Total | 103,983,432.96 | 1,590.28 | 614,162.08 | 103,370,861.16 | ||
Includingmajoramountwithprovisionforbaddebtsreverseorcollectedintheperiod:
Unit:RMB/CNY
| Enterprise | Amountreversalorcollected | Collectionway |
4)Otheraccountreceivableactuallywritten-offintheperiod
Unit:RMB/CNY
| Item | Amountwritten-off |
Includingimportantotheraccountreceivablewritten-off:
Unit:RMB/CNY
| Enterprise | Nature | Amountwritten-off | Written-offcauses | Procedureofwritten-off | Resultedbyrelatedtransaction(Y/N) |
Explanationonotheraccountreceivablewritten-off:
5)Top5otherreceivablesatendingbalancebyarrearsparty
Unit:RMB/CNY
| Enterprise | Nature | Endingbalance | Accountage | Ratiointotalendingbalanceofotheraccountreceivables | Endingbalanceofbaddebtreserve |
| First | Otherintercoursefunds | 24,608,742.46 | 1-2year,2-3years,over5years | 16.89% | 22,187,644.18 |
| Second | Otherintercoursefunds | 8,326,202.63 | Over5years | 5.71% | 8,326,202.63 |
| Third | Otherintercoursefunds | 8,285,803.57 | Over5years | 5.69% | 8,285,803.57 |
| Fourth | Otherintercoursefunds | 8,257,311.80 | Over5years | 5.67% | 8,257,311.80 |
| Fifth | Otherintercoursefunds | 7,381,000.00 | Over5years | 5.07% | |
| Total | 56,859,060.46 | -- | 39.03% | 47,056,962.18 |
6)Otheraccountreceivablesrelatedtogovernmentgrants
Unit:RMB/CNY
| Enterprise | Governmentgrants | Endingbalance | Endingaccountage | Time,amountandbasisforcollectionpredicted |
7)Otheraccountsreceivablederecognizedduetothetransferoffinancialassets
8)TheamountofassetsandliabilitiesformedbytransferringotherreceivablesandcontinuingtobeinvolvedOtherexplanation:
9.Inventory
DoestheCompanyneedtocomplywiththedisclosurerequirementsoftherealestateindustry?No
(1)Bycategory
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance | ||||
| Bookbalance | Inventoriesfallprovisionorcontractperformancecostsimpairmentprovision | Bookvalue | Bookbalance | Inventoriesfallprovisionorcontractperformancecostsimpairmentprovision | Bookvalue | |
| Rawmaterials | 72,639,491.32 | 12,429,328.37 | 60,210,162.95 | 70,633,688.83 | 13,324,174.78 | 57,309,514.05 |
| Goodsinprocess | 29,647,826.25 | 29,647,826.25 | 25,496,450.76 | 25,496,450.76 | ||
| Finishedgoods | 3,588,470,267.96 | 79,593,849.27 | 3,508,876,418.69 | 3,574,759,554.65 | 80,193,872.72 | 3,494,565,681.93 |
| Revolvingmaterial | 11,356,676.28 | 1,794,283.18 | 9,562,393.10 | 9,977,936.24 | 998,163.23 | 8,979,773.01 |
| Goodsintransit | 13,858,809.10 | 13,858,809.10 | 11,981,893.90 | 11,981,893.90 | ||
| Workinprocess-outsourced | 5,438,363.67 | 5,290,502.32 | 147,861.35 | 5,999,159.19 | 5,290,502.32 | 708,656.87 |
| Total | 3,721,411,434.58 | 99,107,963.14 | 3,622,303,471.44 | 3,698,848,683.57 | 99,806,713.05 | 3,599,041,970.52 |
(2)Provisionforinventorydepreciationorprovisionforimpairmentofcontractperformancecosts
Unit:RMB/CNY
| Item | Openingbalance | Increaseincurrentperiod | Decreaseincurrentperiod | Endingbalance | ||
| Accrual | Other | Reversalorwrite-off | Other | |||
| Rawmaterials | 13,324,174.78 | 223,943.76 | 1,118,790.17 | 12,429,328.37 | ||
| Finishedgoods | 80,193,872.72 | 46,859,503.69 | 47,459,527.14 | 79,593,849.27 | ||
| Revolvingmaterial | 998,163.23 | 1,569,921.56 | 773,801.61 | 1,794,283.18 | ||
| Workinprocess-outsourced | 5,290,502.32 | 5,290,502.32 | ||||
| Total | 99,806,713.05 | 48,653,369.01 | 49,352,118.92 | 99,107,963.14 | ||
(3)Explanationoninventorieswithcapitalizationofborrowingcostsincludedatendingbalance
(4)Assetsunsettledformedbyconstructioncontractwhichhascompletedatperiod-end
10.Contractassets
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance | ||||
| Bookbalance | Impairmentprovision | Bookvalue | Bookbalance | Impairmentprovision | Bookvalue | |
| Total | 0.00 | 0.00 | ||||
Amountandreasonsforthemajorchangesofbookvalueofcontractassetsintheperiod:
Unit:RMB/CNY
| Item | Amountchanged | Causeofchange |
Iftheprovisionforbaddebtofaccrualcontractismadeinaccordancewiththegeneralmodelofexpectedcreditlosses,pleaserefertothedisclosureofotheraccountreceivablestodiscloserelatedinformationaboutprovisionforbaddebt:
□Applicable?NotapplicableImpairmentprovisionofcontractassetsintheperiod
Unit:RMB/CNY
| Item | Currentaccrual | Currentreversal | Chargeoff/Written-off | Causes |
Otherexplanation:
11.Assetsheldforsale
Unit:RMB/CNY
| Item | Endingbookbalance | Impairmentprovision | Endingbookvalue | Fairvalue | Estimateddisposalcost | Estimateddisposaltime |
Otherexplanation:
12.Non-currentassetduewithinoneyear
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
Importantcreditors’investment/othercreditors’investment
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance | ||||||
| Facevalue | Couponrate | Actualrate | Maturitydate | Facevalue | Couponrate | Actualrate | Maturitydate | |
Otherexplanation:
13.Othercurrentassets
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
| Financingproduct | 224,348.62 | 1,152,463.71 |
| Inputtaxtobededucted | 45,293,194.79 | 31,248,541.96 |
| Other | 198,719.39 | 196,415.59 |
| Total | 45,716,262.80 | 32,597,421.26 |
Otherexplanation:
14.Creditors’investment
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance | ||||
| Bookbalance | Impairmentprovision | Bookvalue | Bookbalance | Impairmentprovision | Bookvalue | |
Importantcreditors’investment
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance | ||||||
| Facevalue | Couponrate | Actualrate | Maturitydate | Facevalue | Couponrate | Actualrate | Maturitydate | |
Accrualofimpairmentprovision
Unit:RMB/CNY
| Provisionsforbaddebts | PhaseI | PhaseII | PhaseIII | Total |
| Expectedcreditlossesovernext12months | Expectedcreditlossesfortheentireduration(withoutcreditimpairmentoccurred) | Expectedcreditlossesfortheentireduration(withcreditimpairmentoccurred) | ||
| BalanceonJan.1,2023inthereportingperiod | —— | —— | —— | —— |
Changeofbookbalanceoflossprovisionwithamounthasmajorchangesintheperiod
□Applicable?NotapplicableOtherexplanation:
15.Othercreditors’investment
Unit:RMB/CNY
| Item | Openingbalance | Accrualinterest | Changeoffairvalueintheperiod | Endingbalance | Cost | Accumulatedchangeoffairvalue | Lossimpairmentaccumulatedrecognizedinothercomprehensiveincome | Note |
Importantothercreditors’investment
Unit:RMB/CNY
| Othercreditoritem | Endingbalance | Openingbalance | ||||||
| Facevalue | Couponrate | Actualrate | Maturitydate | Facevalue | Couponrate | Actualrate | Maturitydate | |
Accrualofimpairmentprovision
Unit:RMB/CNY
| Provisionsforbaddebts | PhaseI | PhaseII | PhaseIII | Total |
| Expectedcreditlossesovernext12months | Expectedcreditlossesfortheentireduration(withoutcreditimpairmentoccurred) | Expectedcreditlossesfortheentireduration(withcreditimpairmentoccurred) | ||
| BalanceonJan.1,2023inthereportingperiod | —— | —— | —— | —— |
Changeinbookbalanceoflossprovisionwhoseamountchangedgreatlyintheperiod
□Applicable?NotapplicableOtherexplanation:
16.Long-termaccountreceivable
(1)Long-termaccountreceivable
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance | Discountrateinterval | ||||
| Bookbalance | Provisionforbaddebt | Bookvalue | Bookbalance | Provisionforbaddebt | Bookvalue | ||
Impairmentofprovisionsforbaddebt
Unit:RMB/CNY
| Provisionforbaddebt | PhaseI | PhaseII | PhaseIII | Total |
| Expectedcreditlossesovernext12months | Expectedcreditlossesfortheentireduration(withoutcreditimpairmentoccurred) | Expectedcreditlossesfortheentireduration(withcreditimpairmentoccurred) | ||
| BalanceonJan.1,2023inreportingperiod | —— | —— | —— | —— |
Changeinbookbalanceoflossprovisionwhoseamountchangedgreatlyintheperiod
□Applicable?Notapplicable
(2)Long-termaccountreceivablederecognitionduetothetransferoffinancialassets
(3)Assetsandliabilitiesformedbylong-termaccountreceivabletransferandcontinuingtobeinvolved
Otherexplanation
17.Long-termequityinvestment
Unit:RMB/CNY
| Theinvestedentity | Openingbalance(bookvalue) | Currentchanges(+/-) | Endingbalance(bookvalue) | Endingbalanceofimpairmentprovision | |||||||
| Additionalinvestment | Capitalreduction | Investmentgainsrecognizedunderequity | Othercomprehensiveincomeadjustment | Otherequitychange | Cashdividendorprofitannouncedtoissued | Accrualofimpairmentprovision | Other | ||||
| I.Jointventure | |||||||||||
| II.Associatedenterprise | |||||||||||
| ShenzhenDuoxi | 2,170, | -503,444. | 1,667, | ||||||||
| EquityInvestmentFundManagementCo.,Ltd. | 792.11 | 08 | 348.03 | |||
| ZhuhaiHengxingFeedIndustrialCo.,Ltd. | 30,214,746.29 | 722,895.95 | 30,937,642.24 | |||
| ShenliangIntelligentWulianEquityInvestmentFund(Shenzhen)PartnershipEnterprise(Limited) | 26,883,128.82 | -368,790.54 | 26,514,338.28 | |||
| ShenzhenShenyuanDataTech.Co.,Ltd | 11,407,867.41 | -556,125.42 | 10,851,741.99 | |||
| ShenzhenShenbaoLiaoyuanInvestmentCompany | 57,628.53 | |||||
| ShenzhenShenbao(Xinmin)FoodsCo.,Ltd. | 2,870,000.00 | |||||
| ChangzhouShenbaoChacangE-businessCo.,Ltd. | ||||||
| Subtotal | 70,676,534.63 | -705,464.09 | 69,971,070.54 | 2,927,628.53 | ||
| Total | 70,676,534.63 | -705,464.09 | 69,971,070.54 | 2,927,628.53 |
Otherexplanation
18.Otherequityinstrumentinvestment
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
Itemizedthenon-tradableequityinstrumentinvestmentintheperiod
Unit:RMB/CNY
| Item | Dividendincomerecognized | Cumulativegains | Cumulativelosses | Retainedearningstransferfromothercomprehensiveincome | Causesofthosethatdesignatedmeasuredbyfairvalueandwithitsvariationreckonedintoothercomprehensiveincome | Causeofretainedearningstransferfromothercomprehensiveincome |
Otherexplanation:
19.Othernon-currentfinancialassets
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
| Financialassetsmeasuredbyfairvalueandwhosechangesareincludedinthecurrentgains/losses | 57,500.00 | 57,500.00 |
| Total | 57,500.00 | 57,500.00 |
Otherexplanation:
20.Investmentrealestate
(1)Measuredbycost
?Applicable□Notapplicable
Unit:RMB/CNY
| Item | Houseandbuilding | Landuseright | Constructioninprogress | Total |
| I.Originalbookvalue | ||||
| 1.Openingbalance | 583,090,328.15 | 583,090,328.15 | ||
| 2.Increaseincurrentperiod | ||||
| (1)Outsourcing | ||||
| (2)Inventory\fixedassets\constructioninprocesstransfer-in | ||||
| (3)Increasedbycombination |
| 3.Decreaseincurrentperiod |
| (1)Disposal |
| (2)Othertransfer-out |
4.Endingbalance
| 4.Endingbalance | 583,090,328.15 | 583,090,328.15 | |
| II.Accumulateddepreciationandaccumulatedamortization | |||
| 1.Openingbalance | 365,952,866.39 | 365,952,866.39 | |
| 2.Increaseincurrentperiod | 7,799,781.96 | 7,799,781.96 | |
| (1)Accrualoramortization | 7,799,781.96 | 7,799,781.96 |
3.Decreaseincurrentperiod
| 3.Decreaseincurrentperiod |
| (1)Disposal |
| (2)Othertransfer-out |
4.Endingbalance
| 4.Endingbalance | 373,752,648.35 | 373,752,648.35 | |
| III.Impairmentprovision | |||
| 1.Openingbalance | |||
| 2.Increaseincurrentperiod | |||
| (1)Accrual |
3.Decreaseincurrentperiod
| 3.Decreaseincurrentperiod |
| (1)Disposal |
| (2)Othertransfer-out |
4.Endingbalance
| 4.Endingbalance | |||
| IV.Bookvalue | |||
| 1.Endingbookvalue | 209,337,679.80 | 209,337,679.80 |
| 2.Openingbookvalue | 217,137,461.76 | 217,137,461.76 |
(2)Measuredbyfairvalue
□Applicable?Notapplicable
(3)Investmentrealestatewithoutpropertycertificatecompleted
Unit:RMB/CNY
| Item | Bookvalue | Reasons |
| Realestate | 4,141,859.91 |
Otherexplanation
21.Fixedassets
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
| Fixedassets | 2,095,543,847.68 | 2,138,124,994.69 |
| Fixedassetsliquidation | 3,211,544.17 | 3,211,544.17 |
| Total | 2,098,755,391.85 | 2,141,336,538.86 |
(1)Fixedassets
Unit:RMB/CNY
| Item | Houseandbuildings | Machineryequipment | Transportequipment | Electronicandotherequipment | Total |
| I.Originalbookvalue: | |||||
| 1.Openingbalance | 1,909,203,923.29 | 780,980,484.11 | 20,052,061.27 | 99,598,395.61 | 2,809,834,864.28 |
| 2.Increaseincurrentperiod | 4,559,905.44 | 12,100.00 | 3,065,318.55 | 7,637,323.99 | |
| (1)Purchase | 4,031,696.20 | 12,100.00 | 3,029,821.34 | 7,073,617.54 | |
| (2)Constructioninprogresstransfer-in | 528,209.24 | 35,497.21 | 563,706.45 | ||
| (3)Increasedbycombination |
3.Decreasein
| 3.Decreasein | 4,252,080.77 | 34,495.73 | 644,578.87 | 4,931,155.37 |
| currentperiod | |||||
| (1)Disposalorscrap | 4,252,080.77 | 34,495.73 | 644,578.87 | 4,931,155.37 | |
| Other | |||||
| 4.Endingbalance | 1,909,203,923.29 | 781,288,308.78 | 20,029,665.54 | 102,019,135.29 | 2,812,541,032.90 |
| II.Accumulateddepreciation | |||||
| 1.Openingbalance | 296,435,188.37 | 289,770,846.08 | 16,287,279.16 | 62,579,197.17 | 665,072,510.78 |
| 2.Increaseincurrentperiod | 22,240,652.84 | 19,455,150.59 | 520,226.59 | 6,704,167.84 | 48,920,197.86 |
| (1)Accrual | 22,240,652.84 | 19,455,150.59 | 520,226.59 | 6,704,167.84 | 48,920,197.86 |
3.Decreaseincurrentperiod
| 3.Decreaseincurrentperiod | 2,939,506.68 | 84,541.04 | 608,834.51 | 3,632,882.23 | |
| (1)Disposalorscrap | 2,939,506.68 | 84,541.04 | 608,834.51 | 3,632,882.23 |
4.Endingbalance
| 4.Endingbalance | 318,675,841.21 | 306,286,489.99 | 16,722,964.71 | 68,674,530.50 | 710,359,826.41 |
| III.Impairmentprovision | |||||
| 1.Openingbalance | 6,627,468.94 | 9,889.87 | 6,637,358.81 | ||
| 2.Increaseincurrentperiod | |||||
| (1)Accrual |
3.Decreaseincurrentperiod
| 3.Decreaseincurrentperiod |
| (1)Disposalorscrap |
4.Endingbalance
| 4.Endingbalance | 6,627,468.94 | 9,889.87 | 6,637,358.81 | ||
| IV.Bookvalue | |||||
| 1.Endingbookvalue | 1,590,528,082.08 | 468,374,349.85 | 3,306,700.83 | 33,334,714.92 | 2,095,543,847.68 |
| 2.Openingbookvalue | 1,612,768,734.92 | 484,582,169.09 | 3,764,782.11 | 37,009,308.57 | 2,138,124,994.69 |
(2)Temporarilyidlefixedassets
Unit:RMB/CNY
| Item | Originalbookvalue | Accumulateddepreciation | Impairmentprovision | Bookvalue | Note |
(3)Fixedassetsleasedoutbyoperation
Unit:RMB/CNY
| Item | Endingbookvalue |
(4)Fixassetswithoutpropertycertificationheld
Unit:RMB/CNY
| Item | Bookvalue | Reasonsforwithoutthepropertycertification |
| Housebuildings | 684,954,925.04 | Stillunderprocessing |
| Housebuildings | 83,726,274.78 | Stillunderprocessing |
| Housebuildings | 14,558,098.04 | Remainingproblem,inprogress. |
Otherexplanation
(5)Fixedassetsliquidation
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
| Machineryequipment | 3,211,360.41 | 3,211,360.41 |
| Electronicequipmentandothers | 183.76 | 183.76 |
| Total | 3,211,544.17 | 3,211,544.17 |
Otherexplanation
22.Constructioninprogress
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
| Constructioninprogress | 232,409,940.90 | 186,884,912.13 |
| Total | 232,409,940.90 | 186,884,912.13 |
(1)Constructioninprogress
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance | ||||
| Bookbalance | Impairmentprovision | Bookvalue | Bookbalance | Impairmentprovision | Bookvalue | |
| Dongguangrainstorageandwharfmatchingproject | 168,400,437.48 | 168,400,437.48 | 127,376,376.09 | 127,376,376.09 | ||
| JiangxiaBaseProject | 31,398,025.76 | 31,398,025.76 | 31,317,609.78 | 31,317,609.78 | ||
| CDEstorageofDongguanFoodIndustrialParkandwharfmatingprojects | 3,726,180.24 | 3,726,180.24 | 4,152,832.01 | 4,152,832.01 | ||
| ShenyuanDataTechnologySmartLogisticsParkManagementPlatformProject | 2,777,600.00 | 2,777,600.00 | ||||
| DeepprocessingofDongguanIndustryandTradingFood | 513,729.78 | 513,729.78 | 513,729.78 | 513,729.78 | ||
| ShenbaoPlazaproject | 3,842,333.64 | 3,842,333.64 | 3,842,333.64 | 3,842,333.64 | ||
| Smallpackagingproductionline | 9,047,251.50 | 9,047,251.50 | 8,250,772.32 | 8,250,772.32 | ||
| Other | 20,227,505.88 | 903,189.74 | 19,324,316.14 | 13,399,181.89 | 903,189.74 | 12,495,992.15 |
| Total | 237,155,464.28 | 4,745,523.38 | 232,409,940.90 | 191,630,435.51 | 4,745,523.38 | 186,884,912.13 |
(2)Changesofmajorconstructioninprogress
Unit:RMB/CNY
| Item | Budget | Openingbalance | Increaseincurrentperiod | Transfer-infixedassets | OtherdecreasedinthePeriod | Endingbalance | Proportionofprojectinvestmentinbudget | Progress | Accumulatedcapitalizationofinterest | Including:amountofcapitalizationofinterestinPeriod | InterestcapitalizationrateinPeriod | Capitalresources |
| Dongguangrain | 1,242,000,000.00 | 127,376,376.09 | 41,320,685.75 | 296,624.36 | 168,400,437.48 | 83.99% | 36,685,214.68 | 466,976.42 | 3.00% | FinancialInstitut |
| storageandwharfmatchingproject | ionLoans | |||||||||||
| CDEstorageofDongguanFoodIndustrialParkandwharfmatingprojects | 1,087,300,000.00 | 4,152,832.01 | 204,247.79 | 630,899.56 | 3,726,180.24 | 98.7% | 86,730,568.74 | FinancialInstitutionLoans | ||||
| Total | 2,329,300,000.00 | 131,529,208.10 | 41,524,933.54 | 927,523.92 | 172,126,617.72 | 123,415,783.42 | 466,976.42 | 3.00% | -- |
(3)Provisionforimpairmentofconstructioninprogress
Unit:RMB/CNY
| Item | Amountaccrualintheperiod | Reasonsofaccrual |
Otherexplanation
(4)Engineeringmaterial
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance | ||||
| Bookbalance | Impairmentprovision | Bookvalue | Bookbalance | Impairmentprovision | Bookvalue | |
Otherexplanation:
23.Productivebiologicalasset
(1)Measuredatcost
?Applicable□Notapplicable
Unit:RMB/CNY
| Item | Plant | Livestock | Forestry | Fisheries | Total |
I.Originalbookvalue
| I.Originalbookvalue | |||
| 1.Openingbalance | 416,771.28 | 416,771.28 | |
| 2.Increaseincurrentperiod | |||
| (1)Outsourcing | |||
| (2)self-cultivate |
3.Decreaseincurrentperiod
| 3.Decreaseincurrentperiod |
| (1)Disposal |
| (2)Other |
4.Endingbalance
| 4.Endingbalance | 416,771.28 | 416,771.28 | |
| II.Accumulateddepreciation | |||
| 1.Openingbalance | 48,461.88 | 48,461.88 | |
| 2.Increaseincurrentperiod | 4,846.20 | 4,846.20 | |
| (1)Accrual | 4,846.20 | 4,846.20 |
3.Decreaseincurrentperiod
| 3.Decreaseincurrentperiod |
| (1)Disposal |
| (2)Other |
4.Endingbalance
| 4.Endingbalance | 48,461.88 | 48,461.88 | |
| III.Impairmentprovision | |||
| 1.Openingbalance | |||
| 2.Increaseincurrentperiod | |||
| (1)Accrual |
| 3.Decreaseincurrentperiod |
| (1)Disposal |
| (2)Other |
4.Endingbalance
| 4.Endingbalance | |||
| IV.Bookvalue | |||
| 1.Endingbookvalue | 363,463.20 | 363,463.20 | |
| 2.Openingbookvalue | 368,309.40 | 368,309.40 |
(2)Measuredatfairvalue
□Applicable?Notapplicable
24.Oilandgasasset
□Applicable?Notapplicable
25.Right-of-useasset
Unit:RMB/CNY
| Item | Housebuilding | Landuserights | Total |
| I.Originalbookvalue | |||
| 1.Openingbalance | 116,758,420.82 | 1,823,669.22 | 118,582,090.04 |
| 2.Increaseincurrentperiod | 7,077,287.91 | 7,077,287.91 | |
| Purchase | 7,077,287.91 | 7,077,287.91 | |
| 3.Decreaseincurrentperiod | 13,712,093.43 | 13,712,093.43 | |
| Disposal | 13,712,093.43 | 13,712,093.43 | |
| 4.Endingbalance | 110,123,615.30 | 1,823,669.22 | 111,947,284.52 |
| II.Accumulateddepreciation | |||
| 1.Openingbalance | 39,805,615.38 | 471,636.38 | 40,277,251.76 |
| 2.Increaseincurrentperiod | 10,972,237.24 | 116,084.28 | 11,088,321.52 |
| (1)Accrual | 10,972,237.24 | 116,084.28 | 11,088,321.52 |
3.Decreaseincurrentperiod
| 3.Decreaseincurrentperiod | 7,023,267.30 | 7,023,267.30 | |
| (1)Disposal | 7,023,267.30 | 7,023,267.30 |
4.Endingbalance
| 4.Endingbalance | 43,754,585.32 | 587,720.66 | 44,342,305.98 |
| III.Impairmentprovision | |||
| 1.Openingbalance | |||
| 2.Increaseincurrentperiod | |||
| (1)Accrual |
3.Decreaseincurrentperiod
| 3.Decreaseincurrentperiod |
| (1)Disposal |
4.Endingbalance
| 4.Endingbalance | |||
| IV.Bookvalue | |||
| 1.Endingbookvalue | 66,369,029.98 | 1,235,948.56 | 67,604,978.54 |
| 2.Openingbookvalue | 76,952,805.44 | 1,352,032.84 | 78,304,838.28 |
Otherexplanation:
26.Intangibleassets
(1)Intangibleassets
Unit:RMB/CNY
| Item | Landuseright | Patent | Non-patenttechnology | Trademarkrights | Softwareusagerights | Forestuserights | Other | Shopuserights | Total |
| I.Originalbookvalue | |||||||||
| 1.Openingbalance | 639,497,282.33 | 50,960,439.11 | 184,073.32 | 66,083,852.28 | 22,859,104.98 | 3,610,487.37 | 21,221,422.64 | 804,416,662.03 |
| 2.Increaseincurrentperiod | 3,226,257.11 | 3,226,257.11 | ||
| (1)Purchase | 3,226,257.11 | 3,226,257.11 | ||
| (2)InternalR&D | ||||
| (3)Increasedbycombination |
3.Decreaseincurrentperiod
| 3.Decreaseincurrentperiod | 9,704,520.00 | 86,000.00 | 38,400.00 | 9,828,920.00 | ||
| (1)Disposal | 9,704,520.00 | 86,000.00 | 38,400.00 | 9,828,920.00 |
4.Endingbalance
| 4.Endingbalance | 629,792,762.33 | 50,960,439.11 | 98,073.32 | 69,271,709.39 | 22,859,104.98 | 3,610,487.37 | 21,221,422.64 | 797,813,999.14 | |
| II.Accumulateddepreciation | |||||||||
| 1.Openingbalance | 127,819,628.23 | 30,706,005.77 | 146,185.83 | 23,973,889.96 | 7,717,446.37 | 1,579,325.31 | 11,362,503.59 | 203,304,985.06 | |
| 2.Increaseincurrentperiod | 7,751,455.78 | 647,855.82 | 4,291.74 | 4,769,723.34 | 386,432.90 | 54,002.70 | 1,835,088.27 | 15,448,850.55 | |
| (1)Accrual | 7,751,455.78 | 647,855.82 | 4,291.74 | 4,769,723.34 | 386,432.90 | 54,002.70 | 1,835,088.27 | 15,448,850.55 |
3.Decreaseincurrentperiod
| 3.Decreaseincurrentperiod | 1,326,284.40 | 60,125.09 | 28,800.00 | 1,415,209.49 | ||
| (1) | 1,326,284.4 | 60,125. | 28,800.00 | 1,415,209.4 |
| Disposal | 0 | 09 | 9 |
4.Endingbalance
| 4.Endingbalance | 134,244,799.61 | 31,353,861.59 | 90,352.48 | 28,714,813.30 | 8,103,879.27 | 1,633,328.01 | 13,197,591.86 | 217,338,626.12 | |
| III.Impairmentprovision | |||||||||
| 1.Openingbalance | 5,553,283.54 | 1,130,341.88 | 6,683,625.42 | ||||||
| 2.Increaseincurrentperiod | |||||||||
| (1)Accrual |
3.Decreaseincurrentperiod
| 3.Decreaseincurrentperiod |
| (1)Disposal |
4.Endingbalance
| 4.Endingbalance | 5,553,283.54 | 1,130,341.88 | 6,683,625.42 | ||||||
| IV.Bookvalue | |||||||||
| 1.Endingbookvalue | 495,547,962.72 | 14,053,293.98 | 7,720.84 | 39,426,554.21 | 14,755,225.71 | 1,977,159.36 | 8,023,830.78 | 573,791,747.60 | |
| 2.Openingbookvalue | 511,677,654.10 | 14,701,149.80 | 37,887.49 | 40,979,620.44 | 15,141,658.61 | 2,031,162.06 | 9,858,919.05 | 594,428,051.55 |
RatiooftheintangibleassetsfrominternalR&Dinbalanceofintangibleassetsatperiod-end
(2)Landuserightswithoutcertificateofownership
Unit:RMB/CNY
| Item | Bookvalue | Reasonsforwithoutthepropertycertification |
| Landuserights | 7,849,990.00 | Stillinprocess |
Otherexplanation:
27.Expenseonresearchanddevelopment
Unit:RMB/CNY
| Item | Openingbalance | Increaseincurrentperiod | Decreaseincurrentperiod | Endingbalance | ||||
| Internaldevelopmentexpenditure | Other | Confirmedasintangibleassets | Transfertocurrentgains/losses | |||||
Total
Otherexplanation
28.Goodwill
(1)Goodwilloriginalbookvalue
Unit:RMB/CNY
TotalTheinvestedentityormattersforminggoodwill
| Theinvestedentityormattersforminggoodwill | Openingbalance | Increaseincurrentperiod | Decreaseincurrentperiod | Endingbalance | ||
| Formedbybusinesscombination | Disposal | |||||
| WuhanJiachengBiotechnologyCo.,Ltd | 1,953,790.56 | 1,953,790.56 | ||||
| YunnanPu’erTeaTradingCenterCo.,Ltd. | 673,940.32 | 673,940.32 | ||||
| Total | 2,627,730.88 | 2,627,730.88 | ||||
(2)Goodwillimpairmentprovision
Unit:RMB/CNY
| Theinvestedentityormattersforminggoodwill | Openingbalance | Increaseincurrentperiod | Decreaseincurrentperiod | Endingbalance | ||
| Accrual | Disposal | |||||
| WuhanJiachengBiotechnologyCo.,Ltd | |||
| YunnanPu’erTeaTradingCenterCo.,Ltd. | 673,940.32 | 673,940.32 | |
| Total | 673,940.32 | 673,940.32 |
Relevantinformationabouttheassetsgrouporportfoliogoodwillincluded
InMay2016,JuFangYongHoldings,asub-subsidiaryoftheCompany,acquired15.00%equityinPu’erTeaTradingCenterheldbyYunnanHengfengxiangInvestmentCo.,Ltd.Afterthecompletionoftheacquisition,theCompanyhascontroloverthePu’erTeaTradingCenter.Thedifferencebetweenthecombinedcostandthefairvalueofnetidentifiableassetsonthecombinationdateformedgoodwillof673,940.32yuan.AsofDecember31,2022,thefullprovisionforimpairmenthadbeenmade.TheCompanyinvestedinthepurchaseof51.00%equityinWuhanJiachenginAugust2021.Afterthecompletionofthepurchase,theCompanyhascontroloverWuhanJiacheng.Thedifferencebetweenthecombinedcostandthefairvalueofthenetidentifiableassetsonthecombinationdateformedgoodwillof1,953,790.56yuan.
Instructionsforgoodwillimpairmentstestprocessandkeyparameters(suchastheforecastperiodgrowthrate,stableperiodgrowthrate,profitrate,discountrate,andforecastperiodwhenestimatingthepresentvalueofthefuturecashflow),andthemethodofconfirmingtheimpairmentlossofgoodwill:
ImpactofgoodwillimpairmenttestOtherexplanation
29.Long-termexpensestobeapportioned
Unit:RMB/CNY
| Item | Openingbalance | Increaseincurrentperiod | Currentamortization | Otherdecreased | Endingbalance |
| Improveexpenditureforfixassets | 17,631,951.68 | 899,886.45 | 1,597,709.68 | 16,934,128.45 | |
| Decorationfee | 10,603,371.12 | 1,940,124.85 | 1,951,933.16 | 10,591,562.81 | |
| Improveexpenditureforinvestmentrealestate | 244,962.81 | 0.00 | 41,796.24 | 203,166.57 | |
| Other | 4,595,964.29 | 1,223,426.25 | 1,228,900.48 | 4,590,490.06 | |
| Total | 33,076,249.90 | 4,063,437.55 | 4,820,339.56 | 32,319,347.89 |
Otherexplanation
30.Deferredincometaxasset/Deferredincometaxliabilities
(1)Deferredincometaxassetsnotoffset
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance | ||
| Deductibletemporarydifferences | Deferredincometaxasset | Deductibletemporarydifferences | Deferredincometaxasset | |
| Impairmentprovisionforassets | 61,675,370.48 | 14,436,509.98 | 61,591,107.94 | 14,415,444.33 |
| Unrealizedprofitsininternaltransactions | 2,854,626.87 | 428,194.03 | 3,044,122.07 | 456,618.31 |
| Right-of-useasset | 3,305,416.87 | 495,812.53 | 3,305,416.87 | 495,812.53 |
| Creditimpairmentloss | 101,320,605.30 | 24,846,382.48 | 101,461,154.87 | 24,872,591.18 |
| Total | 169,156,019.52 | 40,206,899.02 | 169,401,801.75 | 40,240,466.35 |
(2)Deferredincometaxliabilitynotoffset
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance | ||
| Taxabletemporarydifferences | Deferredincometaxliabilities | Taxabletemporarydifferences | Deferredincometaxliabilities | |
| Assetevaluationincrementofenterprisecombineunderdifferentcontrol | 58,191,956.35 | 13,175,090.14 | 59,019,394.01 | 13,381,949.47 |
| Total | 58,191,956.35 | 13,175,090.14 | 59,019,394.01 | 13,381,949.47 |
(3)Deferredincometaxassetsanddeferredincometaxliabilitieslistedafteroff-set
Unit:RMB/CNY
| Item | Trade-offbetweenthedeferredincometaxassetsandliabilities | Endingbalanceofdeferredincometaxassetsorliabilitiesafteroff-set | Trade-offbetweenthedeferredincometaxassetsandliabilitiesatperiod-begin | Openingbalanceofdeferredincometaxassetsorliabilitiesafteroff-set |
| Deferredincometaxasset | 40,206,899.02 | 40,240,466.35 | ||
| Deferredincometaxliabilities | 13,175,090.14 | 13,381,949.47 |
(4)Detailsofuncertaindeferredincometaxassets
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
(5)Deductiblelossesofun-recognizeddeferredincometaxassetsexpiringinfollowingyears
Unit:RMB/CNY
| Year | Endingamount | Openingamount | Note |
Otherexplanation:
31.Othernon-currentasset
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance | ||||
| Bookbalance | Impairmentprovision | Bookvalue | Bookbalance | Impairmentprovision | Bookvalue | |
| Prepaidforequipment | 122,351.00 | 122,351.00 | 122,351.00 | 122,351.00 | ||
| Prepaidforsystem | 8,042,996.21 | 8,042,996.21 | 8,831,064.90 | 8,831,064.90 | ||
| Total | 8,165,347.21 | 8,165,347.21 | 8,953,415.90 | 8,953,415.90 | ||
Otherexplanation:
32.Short-termloans
(1)Bycategory
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
| Mortgageloan | 12,500,000.00 | |
| Guaranteedloan | 10,000,000.00 | 10,015,277.78 |
| Loanincredit | 1,700,265,009.74 | 1,182,195,809.59 |
| Total | 1,722,765,009.74 | 1,192,211,087.37 |
Explanationoncategoryofshort-termloans:
(2)Overdueandunpaidshort-termloans
Theoverdueandunpaidshort-termloanswas0.00yuanatperiod-end,includingfollowmajoramount:
Unit:RMB/CNY
| Borrower | Endingbalance | Loanrate | Overduetime | Overdueinterest |
Otherexplanation:
33.Tradablefinancialliability
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
| Tradablefinancialliability | 288,486.18 | |
| Including: | ||
| Including: | ||
| Total | 288,486.18 |
Otherexplanation:
34.Derivativefinancialliability
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
Otherexplanation:
35.Notepayable
Unit:RMB/CNY
| Category | Endingbalance | Openingbalance |
| Total | 0.00 | 0.00 |
Notesexpiringatyear-endnotrepaidwas0.00yuan.
36.Accountpayable
(1)Accountpayable
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
| Tradeaccountspayable | 121,772,060.04 | 193,989,937.97 |
| Accountpayableforengineering | 184,904,322.21 | 196,037,079.96 |
| Other | 3,734,149.89 | 122,000.20 |
| Total | 310,410,532.14 | 390,149,018.13 |
(2)Majoraccountspayablewithageoveroneyear
Unit:RMB/CNY
| Item | Endingbalance | Reasonsofoutstandingorcarry-over |
Otherexplanation:
37.Accountsreceivedinadvance
(1)Accountsreceivedinadvance
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance | |
| Other | 1,047,894.08 | 1,355,802.01 | |
| Total | 1,047,894.08 | 1,355,802.01 | 562,553.20 |
(2)Importantaccountreceivedinadvancewithaccountageoveroneyear
Unit:RMB/CNY
| Item | Endingbalance | Reasonsofoutstandingorcarry-over |
38.Contractualliabilities
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
| Salesprice | 83,528,485.53 | 110,177,908.96 |
| Total | 83,528,485.53 | 110,177,908.96 |
Amountandreasonsforimportantchangesinbookvalueintheperiod
Unit:RMB/CNY
| Item | Amountchanged | Reasonsofchanges |
39.Wagepayable
(1)Wagepayable
Unit:RMB/CNY
| Item | Openingbalance | Increaseincurrentperiod | Decreaseincurrentperiod | Endingbalance |
| I.Short-termcompensation | 324,402,647.33 | 119,277,936.40 | 235,936,979.40 | 207,743,604.33 |
| II.After-servicewelfare-definedcontributionplans | 13,955,184.50 | 10,419,391.48 | 6,884,250.09 | 17,490,325.89 |
| III.Dismissedwelfare | 876,674.60 | 53,818.08 | 169,768.08 | 760,724.60 |
| Total | 339,234,506.43 | 129,751,145.96 | 242,990,997.57 | 225,994,654.82 |
(2)Short-termcompensation
Unit:RMB/CNY
| Item | Openingbalance | Increaseincurrentperiod | Decreaseincurrentperiod | Endingbalance |
| 1.Wage,bonus,allowanceandsubsidy | 315,645,971.54 | 101,050,143.68 | 217,400,240.11 | 199,295,875.11 |
| 2.Employees’welfare | 798,260.16 | 4,420,819.87 | 5,107,404.79 | 111,675.24 |
| 3.Socialinsurancecharges | 373,330.56 | 3,062,745.86 | 3,095,397.52 | 340,678.90 |
| Including:medicalinsurancepremium | 330,963.19 | 2,592,471.16 | 2,620,838.53 | 302,595.82 |
| Workinjuryinsurancepremiums | 8,429.56 | 117,375.20 | 119,316.68 | 6,488.08 |
| Maternityinsurancepremiums | 33,937.81 | 174,028.80 | 176,371.61 | 31,595.00 |
| Others | 178,870.70 | 178,870.70 | ||
| 4.Housingpublicreserve | 50,807.20 | 7,170,360.42 | 7,187,951.01 | 33,216.61 |
| 5.Tradeunionfeeandeducationfee | 7,534,277.87 | 3,573,866.57 | 3,145,985.97 | 7,962,158.47 |
| Total | 324,402,647.33 | 119,277,936.40 | 235,936,979.40 | 207,743,604.33 |
(3)Definedcontributionplans
Unit:RMB/CNY
| Item | Openingbalance | Increaseincurrentperiod | Decreaseincurrentperiod | Endingbalance |
| 1.Basicendowmentinsurancepremiums | 350,358.14 | 6,736,807.36 | 6,774,359.35 | 312,806.15 |
| 2.Unemploymentinsurancepremiums | 10,256.72 | 95,094.94 | 97,922.92 | 7,428.74 |
| 3.Enterpriseannuity | 13,594,569.64 | 3,587,489.18 | 11,967.82 | 17,170,091.00 |
| Total | 13,955,184.50 | 10,419,391.48 | 6,884,250.09 | 17,490,325.89 |
Otherexplanation:
40.Taxespayable
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
| VAT | 2,783,121.12 | 4,549,095.77 |
| Enterpriseincometax | 14,591,664.28 | 59,136,130.15 |
| Personalincometax | 16,645,246.11 | 3,246,378.11 |
| Urbanmaintenanceandconstructiontax | 125,690.00 | 254,333.53 |
| Propertytax | 5,793,357.40 | 1,333,445.64 |
| Stamptax | 465,033.16 | 1,175,093.10 |
| Deedtax | 664,227.84 | 664,227.84 |
| Usetaxofland | 694,811.34 | 190,127.68 |
| Educationalsurtax | 83,846.44 | 185,644.26 |
| Other | 112,576.26 | 4,908.73 |
| Total | 41,959,573.95 | 70,739,384.81 |
Otherexplanation:
41.Otheraccountpayable
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
| Dividendpayable | 2,933,690.04 | 2,933,690.04 |
| Otheraccountpayable | 276,914,857.27 | 296,860,258.44 |
| Total | 279,848,547.31 | 299,793,948.48 |
(1)Interestpayable
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
Majoroverdueinterest:
Unit:RMB/CNY
| Borrower | Overdueamount | Overduecauses |
Otherexplanation:
(2)Dividendpayable
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
| Commonstockdividend | 2,933,690.04 | 2,933,690.04 |
| Total | 2,933,690.04 | 2,933,690.04 |
Otherexplanation,includingimportantdividendpayablewhichhasn’tbeenpaidoveroneyear,disclosereasonsfornotpaying.
(3)Otheraccountpayable
1)Bynature
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
| Engineeringqualityretentionmoneyandfundoftail | 13,310,715.53 | 1,360,325.16 |
| Depositandmargin | 52,995,465.13 | 73,717,653.72 |
| Intercoursefundsandother | 209,382,260.30 | 212,410,539.40 |
| Accruedexpense | 1,226,416.31 | 9,371,740.16 |
| Total | 276,914,857.27 | 296,860,258.44 |
2)Significantotheraccountpayablewithoveroneyearage
Unit:RMB/CNY
| Item | Endingbalance | Reasonsofoutstandingorcarry-over |
OtherexplanationNil
42.Liabilityheldforsale
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
Otherexplanation:
43.Non-currentliabilitiesduewithinoneyear
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
| Leaseliabilitiesduewithinoneyear | 12,423,019.72 | 21,770,690.45 |
| Total | 12,423,019.72 | 21,770,690.45 |
Otherexplanation:
44.Othercurrentliabilities
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
| Payablerefundpayment | 50,000.00 | 33,600.00 |
| VATpayable | 748,459.45 | 1,078,519.07 |
| Total | 798,459.45 | 1,112,119.07 |
Changeofshort-termbondspayable:
Unit:RMB/CNY
| Bonds | Facevalue | Issuancedate | Bondsterm | Amountissued | Openingbalance | Issuedintheperiod | Accrualinterestbyfacevalue | Premiumanddiscountamortization | Paidintheperiod | Endingbalance |
Total
| Total | -- | -- | -- |
Otherexplanation:
45.Long-termloans
(1)Bycategory
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
Explanationoncategoryoflong-termloans:
Otherexplanation,includinginterestraterange:
46.Bondspayable
(1)Bondspayable
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
(2)Changesofbondspayable(notincludingtheotherfinancialinstrumentofpreferredstockandperpetualcapitalsecuritiesthatclassifyasfinancialliability)
Unit:RMB/CNY
| Bonds | Facevalue | Issuancedate | Bondsterm | Amountissued | Openingbalance | Issuedintheperiod | Accrualinterestbyfacevalue | Premiumanddiscountamortization | Paidintheperiod | Endingbalance |
Total
| Total | -- |
(3)Convertibleconditionsandtimeforsharestransferfortheconvertiblebonds
(4)OtherfinancialinstrumentsclassifiedasfinancialliabilityBasicinformationoftheoutstandingpreferredstockandperpetualcapitalsecuritiesatperiod-endChangesofoutstandingpreferredstockandperpetualcapitalsecuritiesatperiod-end
Unit:RMB/CNY
| Outstandingfinancialinstrument | Period-beginning | Increaseincurrentperiod | Decreaseincurrentperiod | Period-end | ||||
| Amount | Bookvalue | Amount | Bookvalue | Amount | Bookvalue | Amount | Bookvalue | |
ExplanationonthebasisforclassifyingotherfinancialinstrumentintofinancialliabilityOtherexplanation
47.Leaseliability
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
| Leasepayments | 75,524,289.72 | 88,673,874.53 |
| Unrecognizedfinancingcharges | -4,933,834.29 | -6,466,304.42 |
| Leaseliabilitiesduewithinoneyear | -12,423,019.72 | -21,770,690.45 |
| Total | 58,167,435.71 | 60,436,879.66 |
Otherexplanation
48.Long-termaccountpayable
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
| Specialaccountpayable | 17,843,224.46 | 17,620,572.48 |
| Total | 17,843,224.46 | 17,620,572.48 |
(1)Bynature
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
Otherexplanation:
(2)Specialaccountpayable
Unit:RMB/CNY
| Item | Openingbalance | Increaseincurrentperiod | Decreaseincurrentperiod | Endingbalance | Causes |
| Depreciationfundforgraindeposits | 16,328,757.48 | 222,651.98 | 16,551,409.46 | ||
| ShenzhenHospitalPhaseIIIHousingExpropriationPropertyRightsExchange | 1,291,815.00 | 1,291,815.00 | |||
| Total | 17,620,572.48 | 222,651.98 | 17,843,224.46 |
Otherexplanation:
49.Long-termwagepayable
(1)Long-termwagepayable
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
| Total | 0.00 | 0.00 |
(2)Changesofdefinedbenefitplans
Presentvalueofthedefinedbenefitplans:
Unit:RMB/CNY
| Item | CurrentPeriod | LastPeriod |
Schemeassets:
Unit:RMB/CNY
| Item | CurrentPeriod | LastPeriod |
Netliability(assets)ofthedefinedbenefitplans
Unit:RMB/CNY
| Item | CurrentPeriod | LastPeriod |
Contentofdefinedbenefitplansandrelevantrisks,impactonfuturecashflowoftheCompanyaswellastimesanduncertainty:
Majoractuarialassumptionandsensitivityanalysis:
Otherexplanation:
50.Accrualliabilities
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance | Causes |
| Externalguarantee | 3,500,000.00 | 3,500,000.00 | |
| Total | 3,500,000.00 | 3,500,000.00 | -- |
Otherexplanation,includingrelevantimportantassumptionsandestimation:
AccordingtotheciviljudgmentmadebytheShenzhenIntermediatePeople’sCourt,inthedisputesoverloancontractbetweenChangzhouShenbaoChacangE-businessCo.,Ltd.andShenzhenAgriculturalProductsFinancingGuaranteeCo.,Ltd.,theCompanyshallassumejointandseveralliabilitiesforrepaymentofthedebtsofChangzhouShenbaoChacangE-businessCo.,ltd.withinthescopeof3.5millionyuan.
51.Deferredincome
Unit:RMB/CNY
| Item | Openingbalance | Increaseincurrentperiod | Decreaseincurrentperiod | Endingbalance | Causes |
| Governmentgrant | 87,077,137.27 | 10,684,288.27 | 2,589,662.46 | 95,171,763.08 | |
| Total | 87,077,137.27 | 10,684,288.27 | 2,589,662.46 | 95,171,763.08 | -- |
Iteminvolvedwithgovernmentgrants:
Unit:RMB/CNY
| Liability | Openingbalance | NewgrantsinthePeriod | Amountreckonedinnon-operationrevenue | Amountreckonedinotherincome | Costreductionintheperiod | Otherchanges | Endingbalance | Assets-related/income-related |
| Intelligentmanagementofgraindepotbasedonmobileinternet | 66,666.48 | 66,666.48 | Assets-related | |||||
| Specialfundsforintelligentupgradingand | 5,332,083.43 | 477,499.98 | 4,854,583.45 | Assets-related |
| transformationofgrainwarehouse“GrainSafetyProject” | |||||||
| Governmentcentralfinancialfunds | 4,707,783.99 | 755,965.32 | 3,951,818.67 | Assets-related | |||
| SpecialfundforthedevelopmentofstrategicemergingindustriesinShenzhen | 2,134,056.71 | 2,829,760.00 | 175,604.52 | 4,788,212.19 | Assets-related | ||
| Industrializationofinstantteapowder | 1,298,353.15 | 2,554,580.00 | 98,222.94 | 3,754,710.21 | Assets-related | ||
| SubsidiesforindustrialtechnologicaladvancementtotheenterprisewhosetechnologycenterisamunicipalR&Dcenter | 1,171,203.01 | 1,893,600.00 | 102,012.24 | 2,962,790.77 | Assets-related | ||
| Grantforkeytechnologyresearchandindustrializationofinstantteapowder | 96,031.25 | 164,955.27 | 7,122.48 | 253,864.04 | Assets-related | ||
| ConstructionofO2OcommunitysalesservicesystemforhighqualitygrainandoilbasedonB2CE-commerceplatform | 1,645,328.02 | 10,000.02 | 1,635,328.00 | Assets-related | |||
| GrainstorageprojectofDongguanShenliangLogisticsCo.,Ltd.-StorageA | 7,193,389.35 | 131,128.56 | 7,062,260.79 | Assets-related | |||
| PhaseIIofgrain | 28,843,497.44 | 515, | 28,327,847.1 | Assets-rel |
| storageprojectofDongguanShenliangLogisticsCo.,Ltd.-StorageB | 650.26 | 8 | ated | ||||
| Grain,oilandfoodheadquartersandinnovativepublicserviceplatformofDongguanShenliangLogisticsCo.,Ltd. | 18,000,000.00 | 18,000,000.00 | Assets-related | ||||
| Constructionof450,000tonsilosand60,000tonfilmsilos-CDEwarehouse,gasstoragebin | 16,588,744.44 | 249,789.66 | 16,338,954.78 | Assets-related | |||
| FunctionalredyeastnewworkshoptechnicalrenovationprojectofHubeiJiachengBiotechnologyCo.,Ltd | 3,241,393.00 | 3,241,393.00 | Assets-related |
Otherexplanation:
52.Othernon-currentliabilities
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
| Total | 0.00 | 0.00 |
Otherexplanation:
53.Sharecapital
Unit:RMB/CNY
| Openingbalance | Increased(decreased)inthisyear(+/-) | Endingbalance | ||||
| Newsharesissued | Bonusshares | Sharesconvertedfrompublicreserve | Other | Subtotal | ||
| Totalshares | 1,152,535,254.00 | 1,152,535,254.00 |
Otherexplanation:
54.Otherequityinstrument
(1)Basicinformationoftheoutstandingpreferredstockandperpetualcapitalsecuritiesatperiod-end
(2)Changesofoutstandingpreferredstockandperpetualcapitalsecuritiesatperiod-end
Unit:RMB/CNY
| Outstandingfinancialinstrument | Period-beginning | Increaseincurrentperiod | Decreaseincurrentperiod | Period-end | ||||
| Quantity | Bookvalue | Quantity | Bookvalue | Quantity | Bookvalue | Quantity | Bookvalue | |
Explanationonchangesinotherequityinstrument,reasonsforchangesandrelevantaccountingtreatmentbasis:
Otherexplanation:
55.Capitalreserve
Unit:RMB/CNY
| Item | Openingbalance | Increaseincurrentperiod | Decreaseincurrentperiod | Endingbalance |
| Capitalpremium(Sharecapitalpremium) | 1,250,743,274.79 | 1,250,743,274.79 | ||
| Othercapitalreserve | 8,896,381.86 | 8,896,381.86 | ||
| Total | 1,259,639,656.65 | 1,259,639,656.65 |
Otherinstructions,includingchangesinthecurrentperiod,reasonsforchanges:
56.Treasurystock
Unit:RMB/CNY
| Item | Openingbalance | Increaseincurrentperiod | Decreaseincurrentperiod | Endingbalance |
Otherexplanation,includingchangesandreasonforchanges:
57.Othercomprehensiveincome
Unit:RMB/CNY
| Item | Opening | CurrentPeriod | Ending |
| balance | Accountbeforeincometaxintheperiod | Less:writteninothercomprehensiveincomeinpreviousperiodandcarriedforwardtogains/lossesincurrentperiod | Less:writteninothercomprehensiveincomeinpreviousperiodandcarriedforwardtoretainedearningsincurrentperiod | Less:incometaxexpense | Attributabletoparentcompanyaftertax | Attributabletominorityshareholdersaftertax | balance |
Otherexplanation,includingtheactivepartofthehedginggains/lossesofcashflowtransfertoinitialreorganizationadjustmentforthearbitrageditems:
58.Reasonablereserve
Unit:RMB/CNY
| Item | Openingbalance | Increaseincurrentperiod | Decreaseincurrentperiod | Endingbalance |
| Worksafetyfee | 220,301.70 | 880,675.98 | 707,753.17 | 393,224.51 |
| Total | 220,301.70 | 880,675.98 | 707,753.17 | 393,224.51 |
Otherexplanation,includingchangesincurrentperiodandreasonforchanges:
59.Surpluspublicreserve
Unit:RMB/CNY
| Item | Openingbalance | Increaseincurrentperiod | Decreaseincurrentperiod | Endingbalance |
| Statutorysurplusreserves | 439,624,164.67 | 439,624,164.67 | ||
| Total | 439,624,164.67 | 439,624,164.67 |
Otherexplanation,includingchangesincurrentperiodandreasonsforchanges:
60.Retainedprofit
Unit:RMB/CNY
| Item | Currentperiod | Lastperiod |
| Retainedprofitattheendofthepreviousyearbeforeadjustment | 1,910,954,084.79 | 1,812,541,701.27 |
| Retainedprofitatthebeginningoftheyearafteradjustment | 1,910,954,084.79 | 1,812,541,701.27 |
| Add:netprofitattributabletoshareholderofparentcompany | 168,149,768.31 | 420,594,871.27 |
| Less:withdrawaloflegalsurplusreserve | 34,048,674.25 | |
| Commonstockdividendspayable | 288,133,813.50 | 288,133,813.50 |
| Retainedprofitatperiod-end | 1,790,970,039.60 | 1,910,954,084.79 |
Detailsaboutadjustingtheretainedprofitsatthebeginningoftheperiod:
1)DuetotheretroactiveadjustmentstoAccountingStandardsforBusinessEnterprisesanditsrelevantnewregulations,theretainedprofitatthebeginningoftheperiodwasaffectedby0.00yuan.
2)Duetochangesinaccountingpolicies,theretainedprofitatthebeginningoftheperiodwasaffectedby0.00yuan.
3)Duetomajoraccountingerrorcorrection,theretainedprofitatthebeginningoftheperiodwasaffectedby0.00yuan
4)Duetochangesinmergescopecausedbythesamecontrol,theretainedprofitsatthebeginningoftheperiodwasaffectedby0.00yuan.
5)Duetootheradjustments,theretainedprofitsatthebeginningoftheperiodwasaffectedby0.00yuan.
61.Operatingincomeandoperatingcost
Unit:RMB/CNY
| Item | Currentperiod | Lastperiod | ||
| Income | Cost | Income | Cost | |
| Mainbusiness | 2,831,155,949.83 | 2,356,767,116.63 | 4,337,091,078.42 | 3,774,554,176.15 |
| Otherbusiness | 840,851.99 | 671,590.94 | 953,449.93 | 1,271,449.66 |
| Total | 2,831,996,801.82 | 2,357,438,707.57 | 4,338,044,528.35 | 3,775,825,625.81 |
Informationrelatingtorevenue:
Unit:RMB/CNY
| Category | Branch1 | Branch2 | Total | |
| Producttypes | ||||
| Including: |
Classificationbybusinessarea
| Classificationbybusinessarea |
| Including: |
Marketorcustomertype
| Marketorcustomertype |
| Including: |
Contracttypes
| Contracttypes |
| Including: |
Classificationbytimeofgoodstransfer
Including:
Classificationbycontractduration
| Classificationbycontractduration |
| Including: |
Classificationbysaleschannel
| Classificationbysaleschannel |
| Including: |
Total
Informationrelatingtoperformanceobligations:
NilInformationrelatedtothetransactionpriceapportionedtotheremainingperformanceobligations:
Theamountofincomecorrespondingtotheperformanceobligationsthathavebeensignedattheendofthisreportingperiodbuthavenotyetbegunorhavenotbeencompletedis83,528,486.00yuan,amongthem,83,528,486.00yuanofrevenueisexpectedtoberecognizedinoneyear.Otherexplanation
62.Taxandsurcharges
Unit:RMB/CNY
Total
Item
| Item | Currentperiod | Lastperiod |
| Urbanmaintenanceandconstructiontax | 707,839.53 | 895,956.94 |
| Educationsurcharges | 514,033.21 | 679,527.61 |
| Resourcetax | 12,486.15 | |
| Propertytax | 5,465,817.42 | 5,248,155.88 |
| Usetaxofland | 1,057,091.18 | 1,110,186.75 |
| Vehicleandvesselusetax | 8,618.40 | 11,504.16 |
| Stampduty | 1,041,352.09 | 1,098,343.62 |
| Other | 23,851.07 | 6,810.95 |
| Total | 8,831,089.05 | 9,050,485.91 |
Otherexplanation:
63.Salesexpenses
Unit:RMB/CNY
| Item | Currentperiod | Lastperiod |
| Laborandsocialsecuritybenefits | 46,585,880.47 | 50,753,585.91 |
| Portterminalfee | 6,403,280.39 | 716,873.62 |
| Warehousing,loadingandunloadingfees | 4,495,439.50 | 1,731,511.87 |
| Depreciationandamortizationoflong-termassets | 7,597,306.09 | 6,945,867.51 |
| Equivalentlossforlowvalueperishablegoods | -1,471,258.29 | 1,795,020.01 |
| Utilitiesandofficeexpenses | 4,317,153.38 | 5,073,994.09 |
| After-saleservices | 3,981,193.46 | 5,310,993.88 |
| Rentalfee | 122,357.08 | 2,387,092.62 |
| Advertisementcharge | 151,566.61 | 444,896.32 |
| Travelexpenses | 1,272,102.59 | 489,966.51 |
| Businesshospitalityexpenses | 870,284.53 | 600,487.33 |
| Propertyinsurancepremium | 315,312.65 | 412,474.71 |
| Logisticstransportationfee | 200,017.78 | 1,016,601.52 |
| Salescommission | 231,142.82 | |
| Automobileexpenses | 161,425.43 | 98,335.07 |
| Other | 6,079,182.41 | 1,322,237.90 |
| Total | 81,081,244.08 | 79,331,081.69 |
Otherexplanation:
64.Administrationexpenses
Unit:RMB/CNY
| Item | Currentperiod | Lastperiod |
| Laborandsocialsecuritybenefits | 68,054,624.17 | 87,350,621.59 |
| Depreciationandamortizationoflong-termassets | 21,180,508.17 | 19,952,461.81 |
| Officeexpenses | 3,240,787.25 | 5,602,580.56 |
| Intermediaryagencyfee | 2,520,013.55 | 3,139,405.86 |
| Rentalfee | 100,321.82 | 310,642.57 |
| Travelexpenses | 926,931.47 | 403,109.35 |
| Communicationfee | 743,873.40 | 707,182.05 |
| Businesshospitality | 441,096.09 | 413,778.48 |
| Vehicleusagefee | 531,242.62 | 492,876.00 |
| Relocationandshutdowncosts | 412,506.76 | |
| Repaircost | 211,610.40 | 183,270.55 |
| Low-valueconsumables | 25,815.93 | 84,958.94 |
| Other | 6,680,190.17 | 6,578,147.22 |
| Total | 104,657,015.04 | 125,631,541.74 |
Otherexplanation:
65.R&Dexpenses
Unit:RMB/CNY
| Item | Currentperiod | Lastperiod |
| Laborandsocialsecuritybenefits | 5,658,800.71 | 6,716,359.32 |
| Depreciationcost | 1,459,851.71 | 1,998,043.41 |
| Materialsconsumption | 1,079,631.78 | 592,590.41 |
| Travelexpenses | 368,211.91 | 139,106.57 |
| Maintenanceandinspectionfee | 33,552.42 | 102,772.23 |
| Officeexpenses | 336,015.10 | 362,891.74 |
| Intermediaryfees | 56,115.10 | 62,832.83 |
| Automobileexpenses | 199.50 | |
| Other | 440,566.51 | 162,381.76 |
| Total | 9,432,745.24 | 10,137,177.77 |
Otherexplanation:
66.Financialexpenses
Unit:RMB/CNY
| Item | Currentperiod | Lastperiod |
| Interestexpenses | 20,495,411.83 | 27,256,521.87 |
| Less:Interestincome | 315,939.31 | 1,233,894.54 |
| Exchangegainsorloss | 253,349.64 | -335,848.25 |
| Other | 375,293.18 | 2,322,849.37 |
| Total | 20,808,115.34 | 28,009,628.45 |
Otherexplanation:
67.Otherincome
Unit:RMB/CNY
| Sources | CurrentPeriod | LastPeriod |
| Governmentgrantrelatedtoassets | ||
| Governmentgrantrelatedtoincome | ||
| Inputtaxdeduction | 1,189,220.31 | 258,853.31 |
| Handlingfeesforwithholdingpersonalincometax | 383,734.35 | 287,394.38 |
| Directreductionofvalue-addedtax | 7,091.04 | |
| Governmentgrant | 4,215,117.48 | 7,465,486.58 |
| Other | 11,418.67 | |
| Total | 5,788,072.14 | 8,030,243.98 |
68.Investmentincome
Unit:RMB/CNY
| Item | Currentperiod | Lastperiod |
| Long-termequityinvestmentincomemeasuredbyequity | -705,464.09 | -535,079.99 |
| Financialproducts | 3,107,648.76 | 3,573,445.74 |
| Total | 2,402,184.67 | 3,038,365.75 |
Otherexplanation:
69.Netexposurehedgegains
Unit:RMB/CNY
| Item | Currentperiod | Lastperiod |
Otherexplanation:
70.Incomeoffairvaluechanges
Unit:RMB/CNY
| Sources | CurrentPeriod | LastPeriod |
| Tradablefinancialassets | -113,524.84 | 221,889.46 |
| Tradablefinancialliabilities | 288,486.18 | |
| Total | 174,961.34 | 221,889.46 |
Otherexplanation:
71.Creditimpairmentloss
Unit:RMB/CNY
| Item | Currentperiod | Lastperiod |
| Lossofbaddebtofotheraccountreceivable | 613,567.64 | 5,099.80 |
| Lossofbaddebtofaccountreceivable | 56,679.59 | 240,756.21 |
| Total | 670,247.23 | 245,856.01 |
Otherexplanation:
72.Assetsimpairmentloss
Unit:RMB/CNY
| Item | Currentperiod | Lastperiod |
| II.Inventorypricedroplossandcontractperformancecostimpairmentloss | -46,633,952.80 | -81,499,450.86 |
| Total | -46,633,952.80 | -81,499,450.86 |
Otherexplanation:
73.Incomefromassetsdisposal
Unit:RMB/CNY
| Sources | CurrentPeriod | LastPeriod |
| Profitandlossondisposalofnon-currentassets | 1,587,775.37 |
74.Non-operatingincome
Unit:RMB/CNY
| Item | Currentperiod | Lastperiod | Amountincludedinthecurrentextraordinarygains/losses |
| Gainsfromnon-monetaryassetexchange | 84,111.74 | ||
| Other | 147,404.53 | 358,293.46 | 147,404.53 |
| Liquidateddamagescompensationincome | 191,240.00 | 690,612.11 | 191,240.00 |
| Total | 338,644.53 | 1,133,017.31 | 338,644.53 |
Governmentgrantsreckonedintocurrentgains/losses:
Unit:RMB/CNY
| Grants | Issuingsubject | Issuingcause | Propertytype | Whethertheimpactofsubsidiesonthecurrentgains/losses | Whetherspecialsubsidies | Amountofthisperiod | Amountoflastperiod | Assetsrelated/Incomerelated |
Otherexplanation:
75.Non-operatingexpenditure
Unit:RMB/CNY
| Item | Currentperiod | Lastperiod | Amountincludedinthecurrentnon-recurringprofitandloss |
| Externaldonations | 39,545.29 | ||
| Lossofscrapfromnon-currentassets | 40,437.67 | 6,686.73 | 40,437.67 |
| Other | 154,778.82 | 20,901.95 | 154,778.82 |
| Total | 195,216.49 | 67,133.97 | 195,216.49 |
Otherexplanation:
76.Incometaxexpense
(1)Incometaxexpense
Unit:RMB/CNY
| Item | Currentperiod | Lastperiod |
| Currentincometaxexpenses | 12,023,380.41 | 3,110,846.12 |
| Deferredincometaxexpenses | -139,471.71 | -152,179.71 |
| Other | 34,334,038.75 | |
| Total | 46,217,947.45 | 2,958,666.41 |
(2)Adjustmentprocessofaccountingprofitandincometaxexpenses
Unit:RMB/CNY
| Item | CurrentPeriod |
| Totalprofit | 213,880,601.49 |
| Incometaxexpensescalculatedbystatutory/applicabletaxrate | 53,470,150.37 |
| Impactfromdifferenttaxrateapplicablewithsubsidiaries | -222,880.68 |
| Effectofadjustingincometaxinthepreviousperiod | 34,334,038.75 |
| Impactofnontaxableincome | -92,226,659.00 |
| Impactofcost,expensesandlossesunabletobededucted | 19,824,452.61 |
| Impactoftheuseofapreviouslyunrecognizeddeferred | -1,133,405.49 |
| incometaxassetondeductiblelosses | |
| Impactofunrecognizeddeferredincometaxassetsincurrentperiodondeductibletemporarydifferencesordeductiblelosses | 32,172,250.89 |
| Incometaxexpenses | 46,217,947.45 |
Otherexplanation
77.Othercomprehensiveincome
Formoredetails,refertonotes.
78.Itemsofcashflowstatement
(1)Cashreceivedwithotheroperatingactivitiesconcerned
Unit:RMB/CNY
| Item | Currentperiod | Lastperiod |
| Intercoursefundsanddeposit | 333,482,963.88 | 966,296,334.99 |
| Governmentgrants | 1,828,301.20 | 1,500,994.56 |
| Interestincome | 315,939.31 | 1,233,894.54 |
| Total | 335,627,204.39 | 969,031,224.09 |
Noteofcashpaidwithotheroperatingactivitiesconcerned:
(2)Cashpaidwithotheroperatingactivitiesconcerned
Unit:RMB/CNY
| Item | Currentperiod | Lastperiod |
| Intercoursefundsanddeposit | 403,829,430.09 | 983,321,525.67 |
| Operatingdailyexpenses | 37,196,560.20 | 38,737,048.77 |
| Other | 2,062,442.54 | 7,805,198.84 |
| Total | 443,088,432.83 | 1,029,863,773.28 |
Noteofcashpaidwithotheroperatingactivitiesconcerned:
(3)Cashreceivedwithotherinvestmentactivitiesconcerned
Unit:RMB/CNY
| Item | Currentperiod | Lastperiod |
| Other | 154.49 | |
| Total | 154.49 |
Noteofcashreceivedwithotherinvestmentactivitiesconcerned:
(4)Cashpaidrelatedwithinvestmentactivities
Unit:RMB/CNY
| Item | Currentperiod | Lastperiod |
| Other | 3,784,107.76 | 928.80 |
| Total | 3,784,107.76 | 928.80 |
Noteofcashpaidrelatedwithinvestmentactivities:
(5)Cashreceivedwithotherfinancingactivitiesconcerned
Unit:RMB/CNY
| Item | Currentperiod | Lastperiod |
Noteofcashreceivedwithotherfinancingactivitiesconcerned:
(6)Othercashpaidrelatedwithfinancingactivities
Unit:RMB/CNY
| Item | Currentperiod | Lastperiod |
| Operatingleaserentpaid | 9,650,074.57 | 9,528,424.77 |
| Total | 9,650,074.57 | 9,528,424.77 |
Noteofothercashpaidrelatedwithfinancingactivities:
79.Supplementaryinformationtostatementofcashflow
(1)Supplementaryinformationtostatementofcashflow
Unit:RMB/CNY
| Supplementaryinformation | Currentperiod | Lastperiod |
| 1.Netprofitadjustedtocashflowofoperationactivities: | -- | -- |
| Netprofit | 167,662,654.04 | 238,203,108.25 |
| Add:Impairmentprovisionforassets | 45,963,705.57 | 81,253,594.85 |
| Depreciationoffixedassets,consumptionofoilassetsanddepreciationofproductivebiologyassets | 56,724,826.02 | 54,905,296.21 |
| Depreciationofright-of-useassets | 11,088,321.52 | 10,700,326.09 |
| Amortizationofintangibleassets | 15,448,850.55 | 14,629,292.57 |
| Amortizationoflong-termpendingexpenses | 4,063,437.55 | 3,966,556.35 |
| Lossfromdisposaloffixedassets,intangibleassetsandotherlong-termassets(incomeislistedwith“-”) | -1,587,775.37 | -570.00 |
| Lossesonscrappingoffixedassets(incomeislistedwith“-“) | 6,686.73 | |
| Lossfromchangeoffairvalue(incomeislistedwith“-“) | 113,524.84 | -221,889.46 |
| Financialexpenses(incomeislistedwith“-”) | 19,324,823.46 | 26,920,673.62 |
| Investmentloss(incomeislistedwith“-”) | -3,107,648.76 | -3,038,365.75 |
| Decreaseofdeferredincometaxassets(increaseislistedwith“-”) | 33,567.33 | -68,306.74 |
| Increaseofdeferredincometaxasset((increaseislistedwith“-”) | -206,859.33 | -206,858.71 |
| Decreaseofinventory(increaseislistedwith“-”) | -22,562,750.54 | -233,168,543.50 |
| Decreaseofoperatingreceivableaccounts(increaseislistedwith“-”) | 56,159,006.78 | 99,277,098.55 |
| Increaseofoperatingpayableaccounts(decreaseislistedwith“-”) | -265,614,331.45 | -32,784,596.20 |
| Other | ||
| Netcashflowarisingfromoperatingactivities | 83,503,352.21 | 260,373,502.86 |
| 2.Materialinvestmentandfinancingnotinvolvedincashflow | ||
| Conversionofdebtintocapital | ||
| Convertiblecompanybondsduewithinoneyear | ||
| Financingleaseoffixedassets | ||
| 3.Netchangeofcashandcashequivalents: | ||
| Endingbalanceofcash | 100,112,129.74 | 71,460,681.82 |
| Less:beginningbalanceofcash | 53,095,469.26 | 49,370,080.20 |
| Add:endingbalanceofcashequivalents | ||
| Less:beginningbalanceofcash |
| equivalents | ||
| Netincreasingofcashandcashequivalents | 47,016,660.48 | 22,090,601.62 |
(2)NetcashpaidforobtainingsubsidiaryinthePeriod
Unit:RMB/CNY
| Amount | |
| Including: | |
| Including | |
| Including: |
Otherexplanation:
(3)NetcashreceivedbydisposingsubsidiaryinthePeriod
Unit:RMB/CNY
| Amount | |
| Including: | |
| Including: | |
| Including: |
Otherexplanation:
(4)Componentofcashandcashequivalent
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
| I.Cash | 100,112,129.74 | 53,095,469.26 |
| Including:Cashonhand | 247,140.34 | 69,686.00 |
| Bankdepositavailableforpaymentatanytime | 98,784,730.91 | 52,829,469.15 |
| Othermonetaryfundavailableforpaymentatanytime | 1,080,258.49 | 196,314.11 |
| III.Endingbalanceofcashandcashequivalent | 100,112,129.74 | 53,095,469.26 |
Otherexplanation:
80.Notesofchangesofowners’equity
Explainthenameandadjustedamountin“Other”itemsthathavebeenadjustedtotheendingbalanceofthepreviousyear.
81.Assetswithownershiporuserightrestricted
Unit:RMB/CNY
| Item | Endingbookvalue | Reasonsforrestriction |
| Moneyfunds | 1,595,309.92 | Guaranteedepositandcreditdeposit,etc. |
| Total | 1,595,309.92 | -- |
Otherexplanation:
82.Foreigncurrencymonetaryitems
(1)Foreigncurrencymonetaryitems
Unit:RMB/CNY
| Item | Endingforeigncurrencybalance | Convertrate | EndingRMBbalanceconverted |
| Monetaryfund | 830,939.40 | ||
| Including:USD | 114,402.58 | 7.2258 | 826,650.16 |
| EURO | 30.39 | 7.8771 | 239.39 |
| HKD | 4,392.46 | 0.9220 | 4,049.85 |
Accountreceivable
| Accountreceivable | 828,688.88 | ||
| Including:USD | 98,025.87 | 7.2258 | 708,315.33 |
| EURO | |||
| HKD | 130,557.00 | 0.9220 | 120,373.55 |
Long-termloans
| Long-termloans |
| Including:USD |
| EURO |
| HKD |
Otherexplanation:
(2)Explanationonforeignoperationalentity,includingasforthemajorforeignoperationalentity,disclosedmainoperationplace,book-keepingcurrencyandbasisforselection;ifthebook-keepingcurrencyischanged,explainreasons
□Applicable?Notapplicable
83.Hedging
Disclosehedgingitemsandrelevanthedginginstrument,qualitativeandquantitativeinformationforthearbitragerisksonthebasisofhedgingcategory:
84.Governmentgrant
(1)Governmentgrant
Unit:RMB/CNY
| Category | Amount | Item | Amountreckonedintocurrentgains/losses |
| Governmentsubsidiesrelatedtoassets | 95,171,763.08 | Deferredincome | 2,589,662.46 |
| Governmentsubsidiesrelatedtoincome | 1,625,455.02 | Otherincome | 1,625,455.02 |
(2)Returnofgovernmentgrant
□Applicable?NotapplicableOtherexplanation:
85.OtherVIII.Changesinconsolidationrange
1.Enterprisemergernotunderthesamecontrol
(1)Enterprisemergernotunderthesamecontrol
Unit:RMB/CNY
| Acquiree | Timepointforequityobtained | Costofequityobtained | Ratioofequityobtained | AcquiredwayEquityobtainedway | Purchasingdate | Standardtodeterminethepurchasingdate | Incomeofacquireefrompurchasingdatetoperiod-end | Netprofitofacquireefrompurchasingdatetoperiod-end |
Otherexplanation:
(2)Combinationcostandgoodwill
Unit:RMB/CNY
| Consolidationcost |
| --Cash |
| --Fairvalueofnon-cashassets |
| --Fairvalueofdebtsissuedorassumed |
| --Fairvalueofequitysecuritiesissued |
| --Fairvalueofcontingentconsideration |
| --Fairvalueoftheequitypriortothepurchasingdate |
| --Other |
| Totalcombinationcost |
| Less:sharesoffairvalueofidentifiablenetassetsacquired |
| Portionofgoodwill/mergercostlessthanthesharesoffairvalueofidentifiablenetassetsacquired |
Explanationofthemethodfordeterminingthefairvalueofmergercosts,contingentconsiderations,andtheirchanges:
MainreasonsfortheformationoflargegoodwillOtherexplanation:
(3)Identifiableassetsandliabilitiesonpurchasingdateundertheacquiree
Unit:RMB/CNY
| Fairvalueonpurchasingdate | Bookvalueonpurchasingdate | |
| Assets: | ||
| Monetaryfunds | ||
| Accountreceivable | ||
| Inventory | ||
| Fixedassets | ||
| Intangibleassets |
Liability:
| Liability: |
| Loan |
| Accountpayable |
| Deferredtaxliabilities |
Netassets
| Netassets |
| Less:Minorityinterests |
| Netassetsacquired |
Determinationmethodforfairvalueoftheidentifiableassetsandliabilities:
Contingentliabilitiesassumedbytheacquireeinabusinessmerger:
Otherexplanation:
(4)Gainsorlossesarisingfromre-measuredbyfairvaluefortheequityheldbeforepurchasingdate
Isthereanytransactionthatachievesbusinessmergerthroughmultipletransactionsandobtainscontrolduringthereportingperiod?
□Yes?No
(5)Onpurchasingdateorperiod-endofthecombination,combinationconsiderationorfairvalueofidentifiableassetsandliabilityfortheacquireeareunabletoconfirmrationally
(6)Otherexplanation
2.Businesscombinationunderthesamecontrol
(1)BusinesscombinationunderthesamecontrolinthePeriod
Unit:RMB/CNY
| Acquiree | Equityratioobtainedincombination | Basisofcombinedunderthesamecontrol | Combinationdate | Standardtodeterminethecombinationdate | Incomeofthecombinedpartyfromperiod-beginofcombinationtothecombinationdate | Netprofitofthecombinedpartyfromperiod-beginofcombinationtothecombinationdate | Incomeofthecombinedpartyduringthecomparisonperiod | Netprofitofthecombinedpartyduringthecomparisonperiod |
Otherexplanation:
(2)Combinationcost
Unit:RMB/CNY
| Consolidationcost |
| --Cash |
| --Bookvalueofnon-cashassets |
| --Bookvalueofdebtsissuedorassumed |
| --Facevalueofequitysecuritiesissued |
| --Contingentconsideration |
Explanationoncontingentconsiderationanditschanges:
Otherexplanation:
(3)Bookvalueoftheassetsandliabilitiesofthecombinedpartyoncombinationdate
Unit:RMB/CNY
| Consolidationdate | Endingbalanceoflastperiod | |
| Assets: | ||
| Monetaryfunds | ||
| Accountreceivable | ||
| Inventory | ||
| Fixedassets | ||
| Intangibleassets |
Liability:
| Liability: |
| Loan |
| Accountpayable |
Netassets
| Netassets |
| Less:Minorityinterests |
| Netassetsacquired |
ContingentliabilityofthecombinedpartyassumedbytheCompanyduringcombination:
Otherexplanation:
3.Reversepurchase
Basictransactioninformation,basisofcounterpurchase,whethermakingupbusinessduetotheassetsandliabilityreservedbylistedcompanyandbasis,determinationofcombinationcost,amountandcalculationonadjustedequitybyequitytransaction:
4.DisposalofsubsidiaryIsthereanysituationwhereasingledisposalofinvestmentinasubsidiaryresultsinlossofcontrol?
□Yes?NoIsthereanysituationwhereinvestmentsinsubsidiariesaredisposedbystepsthroughmultipletransactionsandcontrolislostinthecurrentperiod?
□Yes?No
5.Otherreasonsforchangesinconsolidationrange
Consolidationscopechangescausedbyotherreasons(eg,establishnewsubsidiaries,liquidatesubsidiaries,etc.)andtherelatedcircumstances:
6.OtherIX.Equityinotherentities
1.Equityinsubsidiaries
(1)Membershipofenterprisegroup
| Subsidiary | Mainplaceofoperation | Registrationplace | Businessnature | shareholdingratioratio | Acquisitionway | |
| Directly | Indirectly | |||||
| SZCG | ShenzhenCity | ShenzhenCity | Grain&oiltrading | 100.00% | Combineunderthesamecontrol | |
| HualianGrain&Oil | ShenzhenCity | ShenzhenCity | Grain&oiltrading | 100.00% | Combineunderthesamecontrol | |
| ShenzhenFlour | ShenzhenCity | ShenzhenCity | Flourprocessing | 100.00% | Combineunderthesamecontrol | |
| ShenliangQualityInspection | ShenzhenCity | ShenzhenCity | Inspection | 100.00% | Combineunderthesamecontrol | |
| HainanGrainandOil | HaikouCity | HaikouCity | Feedproduction | 100.00% | Combineunderthesamecontrol | |
| Doximi | ShenzhenCity | ShenzhenCity | E-commerce | 100.00% | Combineunderthesamecontrol | |
| BigKitchen | ShenzhenCity | ShenzhenCity | Salesandprocessingofgrain,oilandrelevantproducts | 70.00% | Combineunderthesamecontrol | |
| YingkouStorage | YingkouCity | YingkouCity | Storage | 100.00% | Combineunderthesamecontrol | |
| ColdChainLogistic | ShenzhenCity | ShenzhenCity | On-lineoperationoffreshfood | 100.00% | Combineunderthesamecontrol | |
| ShenliangProperty | ShenzhenCity | ShenzhenCity | Propertydevelopmentand | 100.00% | Combineunderthesamecontrol | |
| management | ||||||
| InternationalFood | DongguanCity | DongguanCity | Portoperation,foodproduction | 100.00% | Combineunderthesamecontrol | |
| DongguanGrainandOil | DongguanCity | DongguanCity | Foodproduction | 100.00% | Combineunderthesamecontrol | |
| DongguanLogistics | DongguanCity | DongguanCity | Storage,logistics | 49.00% | 51.00% | Combineunderthesamecontrol |
| Shuangyashan | ShuangyashanCity | ShuangyashanCity | Constructionoffoodbaseanddevelopmentofrelatedcomplementaryfacilities | 51.00% | Combineunderthesamecontrol | |
| ShenliangHongjun | ShenzhenCity | ShenzhenCity | Catering | 51.00% | Establishment | |
| DongguanHualian | DongguanCity | DongguanCity | Grainandoiltrade | 100.00% | Establishment | |
| ShenliangPropertyManagement | ShenzhenCity | ShenzhenCity | Propertymanagement | 100.00% | Establishment | |
| ShenbaoHuacheng | ShenzhenCity | ShenzhenCity | Manufacturing | 100.00% | Establishment | |
| WuyuanJuFangYong | ShangraoCity | ShangraoCity | Manufacturing | 100.00% | Establishment | |
| HuizhouShenbao | HuizhouCity | HuizhouCity | Comprehensive | 100.00% | Establishment | |
| ShenbaoInvestment | ShenzhenCity | ShenzhenCity | Investmentmanagement | 100.00% | Establishment | |
| ShenbaoTeaCulture | ShenzhenCity | ShenzhenCity | Commercialtrade | 100.00% | Establishment | |
| ShenliangHongli | ShenzhenCity | ShenzhenCity | Gainandoilwholesale | 100.00% | Establishment | |
| JuFangYongHolding | HangzhouCity | HangzhouCity | Comprehensive | 100.00% | Establishment | |
| FuhaitangCatering | HangzhouCity | HangzhouCity | Cateringindustry | 100.00% | Establishment | |
| Fuhaitang | HangzhouCity | HangzhouCity | Teaplanting, | 100.00% | Business |
| EcologyTechnology | productionandsales | combinationnotunderthesamecontrol | ||||
| ShenbaoRockTea | WuyishanCity | WuyishanCity | Manufacturing | 100.00% | Establishment | |
| Pu’erTeaSupplyChain | Pu’erCity | Pu’erCity | Wholesalebusiness | 100.00% | Establishment | |
| Pu’erTeaTradingCenter | Pu’erCity | Pu’erCity | Serviceindustry | 55.00% | Establishment | |
| ShenliangFood | HuizhouCity | ShenzhenCity | Manufacturing | 100.00% | Establishment | |
| HuizhouShenliangFood | HuizhouCity | HuizhouCity | Wholesalebusiness | 100.00% | Establishment | |
| ZhenpinMarket | ShenzhenCity | ShenzhenCity | Platformconstruction,promotion,andoperation | 51.00% | Establishment | |
| ShenbaoIndustry&Trade | HuizhouCity | ShenzhenCity | Wholesalebusiness | 100.00% | Establishment | |
| WuhanJiacheng | WuhanCity | WuhanCity | Foodproduction | 51.00% | Combinenotunderthesamecontrol | |
| HubeiJiacheng | WuhanCity | WuhanCity | Foodproduction | 51.00% | Combinenotunderthesamecontrol | |
| WuhanHongqu | WuhanCity | WuhanCity | Foodproduction | 51.00% | Combinenotunderthesamecontrol | |
| MachengJingtian | MachengCity | MachengCity | Foodproduction | 51.00% | Combinenotunderthesamecontrol |
Explanationonshareholdingratioratioinsubsidiarydifferentfromratioofvotingright:
Explanationonbasisforcontrollingtheinvestedentitywithhalforbelowvotingrightsheldandwithoutcontrollinginvestedentitybutwithoverhalfandovervotingrights:
Explanationonthebasisforcontroltheimportantstructuredentitiesincludedintheconsolidationscope:
Basisfordeterminingwhetherthecompanyisanagentorconsignor:
Otherexplanation:
(2)Importantnon-wholly-ownedsubsidiary
Unit:RMB/CNY
| Subsidiary | Shareholdingratio | Gains/losses | Dividendannouncedto | Endingequityof |
| ratioofminorityshareholders | attributabletominorityshareholdersinthePeriod | distributeforminorityshareholdersinthePeriod | minorityshareholders | |
| BigKitchen | 30.00% | 471,241.12 | 4,501,895.11 |
Explanationonthesituationwheretheshareholdingratioofminorityshareholdersisdifferentfromthevotingrightratioofminorityshareholders:
Otherexplanation:
(3)Mainfinancialinformationoftheimportantnon-wholly-ownedsubsidiary
Unit:RMB/CNY
| Subsidiary | Endingbalance | Openingbalance | ||||||||||
| Currentassets | Noncurrentassets | Totalassets | Currentliabilities | Noncurrentliabilities | Totalliabilities | Currentassets | Noncurrentassets | Totalassets | Currentliabilities | Noncurrentliabilities | Totalliabilities | |
| BigKitchen | 157,341,348.62 | 4,179,652.49 | 161,521,001.11 | 145,768,300.84 | 746,383.23 | 146,514,684.07 | 150,577,065.52 | 4,403,442.68 | 154,980,508.20 | 140,798,611.66 | 746,383.23 | 141,544,994.89 |
Unit:RMB/CNY
| Subsidiary | CurrentPeriod | LastPeriod | ||||||
| Operatingrevenue | Netprofit | Totalcomprehensiveincome | Cashflowfromoperationactivity | Operatingrevenue | Netprofit | Totalcomprehensiveincome | Cashflowfromoperationactivity | |
| BigKitchen | 110,913,217.22 | 1,570,803.73 | 1,570,803.73 | 326,599.03 | 129,580,965.22 | 2,482,115.69 | 2,482,115.69 | -45,524.08 |
Otherexplanation:
(4)Significantrestrictionsontheuseofenterprisegroupassetsandtherepaymentofdebtsoftheenterprisegroup
(5)FinancialorothersupportofferedtothestructuredentitiesincludedinconsolidatedfinancialstatementsOtherexplanation:
2.Transactionswheretheshareofowner’sequityinasubsidiarychangeswhilethesubsidiaryisstillcontrolled
(1)Explanationonchangesinowner’sequitysharesinsubsidiary
(2)Impactofsuchtransactiononequityofminorityinterestsandowners’equityattributabletoparentcompany
Unit:RMB/CNY
| Purchasecost/disposalconsideration |
| --Cash |
| --Fairvalueofnon-cashassets |
Purchasecost/totaldisposalconsideration
| Purchasecost/totaldisposalconsideration |
| Less:Subsidiary’sshareofnetassetscalculatedbasedontheproportionofacquired/disposedequity |
| Difference |
| Including:Adjustcapitalreserve |
| Adjustsurplusreserve |
| Adjustundistributedprofit |
Otherexplanation
3.Equityinjointventureandassociatedenterprise
(1)Importantjointventureorassociatedenterprise
| Jointventure/Associatedenterprise | Mainplaceofoperation | Registrationplace | Businessnature | Shareholdingratio | Accountingtreatmentoninvestmentinjointventureandassociatedenterprise | |
| Directly | Indirectly | |||||
| ZhuhaiHengxingFeedIndustrialCo.,Ltd. | Zhuhai | Zhuhai | Aquaticfeeandanimalfee | 40.00% | Equitymethod | |
| ShenliangIntelligentWulianEquity | Shenzhen | Shenzhen | Equityinvestment;investment | 49.02% | Equitymethod | |
| InvestmentFund(Shenzhen)PartnershipEnterprise(Limited) | consultant |
Descriptiononsituationwheretheshareholdingratioinjointventuresorassociatedenterprisesisdifferentfromtheratioofvotingrights:
Descriptiononthebasisforholdinglessthan20%ofvotingrightsbuthavingsignificantinfluence,orholding20%ormoreofvotingrightsbuthavingnosignificantinfluence.
(2)Mainfinancialinformationofimportantjointventure
Unit:RMB/CNY
| Endingbalance/Currentperiod | Openingbalance/Lastperiod |
Currentassets
| Currentassets |
| Including:cashandcashequivalent |
| Non-currentassets |
| Totalassets |
| Currentliabilities |
| Non-currentliabilities |
| Totalliabilities |
| Minorityinterests |
| Shareholders’equityattributabletoparentcompany |
| Shareofnetassetscalculatedbyshareholdingratio |
| Adjustmentitems |
| --Goodwill |
| --Unrealizedprofitofinternaltrading |
| --Other |
| Bookvalueofequityinvestmentinjointventure |
| Fairvalueoftheequity |
| investmentinjointventureswithpublicoffersconcerned |
| Operatingincome |
| Financialexpenses |
| Incometaxexpenses |
| Netprofit |
| Netprofitofdiscontinuingoperation |
| Othercomprehensiveincome |
| Totalcomprehensiveincome |
Dividendsreceivedfromjointventureintheyear
Otherexplanation
(3)Mainfinancialinformationofimportantassociatedenterprises
Unit:RMB/CNY
Dividendsreceivedfromjointventureintheyear
Endingbalance/Currentperiod
| Endingbalance/Currentperiod | Openingbalance/Lastperiod | |||
| ZhuhaiHengxingFeedIndustrialCo.,Ltd. | ShenliangIntelligentWulianEquityInvestmentFund(Shenzhen)PartnershipEnterprise(Limited) | ZhuhaiHengxingFeedIndustrialCo.,Ltd. | ShenliangIntelligentWulianEquityInvestmentFund(Shenzhen)PartnershipEnterprise(Limited) | |
| Currentassets | 232,080,984.44 | 20,354,425.32 | 156,635,317.42 | 20,190,370.67 |
| Non-currentassets | 22,673,463.85 | 33,904,753.98 | 22,985,162.27 | 34,651,129.30 |
| Totalassets | 254,754,448.29 | 54,259,179.30 | 179,620,479.69 | 54,841,499.97 |
| Currentliabilities | 148,783,655.07 | 170,000.00 | 104,136,525.08 | |
| Non-currentliabilities | 30,308,562.39 | 353,858.37 | ||
| Totalliabilities | 179,092,217.46 | 170,000.00 | 104,490,383.45 | |
Minorityinterests
| Minorityinterests | ||||
| Equityattributabletoshareholderofparentcompany | 75,662,230.83 | 54,089,179.30 | 75,130,096.24 | 54,841,499.97 |
| Shareofnetassetsmeasuredby | 30,264,892.34 | 26,514,515.70 | 30,052,038.50 | 26,883,303.29 |
| shareholding | ||||
| Adjustment | 672,749.90 | -177.42 | 162,707.79 | -174.47 |
| --Goodwill | ||||
| --Unrealizedprofitofinternaltrading | ||||
| --Other | 672,749.90 | -177.42 | 162,707.79 | -174.47 |
| Bookvalueofequityinvestmentinassociatedenterprise | 30,937,642.24 | 26,514,338.28 | 30,214,746.29 | 26,883,128.82 |
| Fairvalueoftheequityinvestmentofassociatedenterprisewithpublicoffersconcerned | ||||
| Operatingincome | 267,239,221.76 | 348,236,616.85 | ||
| Netprofit | 1,868,302.32 | -403,077.01 | -548,345.35 | -574,411.34 |
| Netprofitofdiscontinuingoperation | ||||
| Othercomprehensiveincome | ||||
| Totalcomprehensiveincome | 1,868,302.32 | -403,077.01 | -548,345.35 | -574,411.34 |
Dividendsreceivedfromassociatedenterpriseintheyear
Otherexplanation
(4)Summaryoffinancialinformationofunimportantjointventureandassociatedenterprises
Unit:RMB/CNY
DividendsreceivedfromassociatedenterpriseintheyearEndingbalance/Currentperiod
| Endingbalance/Currentperiod | Openingbalance/Lastperiod | |
| Jointventure: | ||
| Amountbasedonshareholdingratioratio | ||
| Associatedenterprise: | ||
| Totalbookvalueofinvestment | 12,519,090.02 | 13,578,659.52 |
| Totalamountcalculatedintermsofshareholdingratioratio | ||
| --Netprofit | -2,828,725.22 | -371,088.05 |
| --Totalcomprehensiveincome | -2,828,725.22 | -371,088.05 |
Otherexplanation
(5)MajorlimitationoncapitaltransferabilitytotheCompanyfromjointventureorassociatedenterprise
(6)Excesslossoccurredinjointventureorassociatedenterprise
Unit:RMB/CNY
| Jointventure/Associatedenterprise | Cumulativeun-recognizedlosses | Un-recognizedlossesnotrecognizedinthePeriod(ornetprofitenjoyedinthePeriod) | Cumulativeun-recognizedlossesatperiod-end |
| ChangzhouShenbaoChacangE-businessCo.,ltd. | 9,671,616.17 | 151,812.60 | 9,823,428.77 |
| ShenzhenShichumingmenCateringManagementCo.,Ltd. | 4,815,325.70 | 4,815,325.70 |
Otherexplanation
(7)Unconfirmedcommitmentrelatedtojointventureinvestment
(8)Intangibleliabilitiesrelatedtojointventureorassociatedenterpriseinvestment
4.Majorjointoperation
| Name | Mainplaceofoperation | Registrationplace | Businessnature | Shareholdingratio/sharesenjoyed | |
| Directly | In-directly | ||||
Explanationonsituationwhereshareholdingratioorsharesenjoyedinjointoperationisdifferentfromvotingrightratioinjointoperation:
Explanationontheclassificationbasisofjointoperationincasetheentityofjointoperationistheseparateentity:
Otherexplanation
5.Equityinstructuredentitiesnotincludedinthescopeofconsolidatedfinancialstatements
Explanation:
6.Other
X.Risksrelatingtofinancialinstruments
OurbusinessoperationmakestheCompanyexposedtovariousfinancialrisks,suchascreditrisk,liquidityriskandmarketrisk(Includingexchangeraterisk,interestrateriskandotherpricerisk).
TheCompanydispersestheriskoffinancialinstrumentsthroughappropriatediversifiedinvestmentandbusinessportfolio,andreducestheriskconcentratingonasingleindustry,specificregionorspecificcounterpartybyformulatingcorrespondingriskmanagementpolicies.
1.CreditriskCreditriskreferstotheriskofafinanciallosscausedbythecounterparty’sfailuretofulfillitscontractualobligations.CreditrisksoftheCompanyarisesmainlyfrommonetaryfunds,notereceivable,accountreceivable,otherreceivable,debtinvestments,financialguaranteecontracts,thedebtinstrumentinvestmentsmeasuredatfairvalueandwithitsvariationreckonedincurrentgain/lossthatarenotincludedinthescopeofimpairmentassessmentandderivativefinancialassets,etc.Asofthebalancesheetdate,thecarryingvalueofthefinancialassetsrepresenteditsmaximumexposuretocreditrisk;MonetaryfundsoftheCompanyaremainlythebankdepositsinreputablestate-ownedbanksandotherlargerandmedium-sizedlistedbankswithhighcreditratings,andthecompanybelievesthatitisnotexposedtosignificantcreditrisksandwillhardlyincursignificantlossesduetothebankdefaults.Furthermore,forbillreceivable,accountreceivablesandotheraccountreceivables,theCompanyestablishesrelevantpoliciestocontrolexposureofcreditrisk.TheCompanyappraisescustomers’creditqualitybasedontheirfinancialposition,possibilitytoobtainguaranteefromthirdparties,credithistoryandotherfactorssuchasprevailingmarketconditions,andsetcorrespondingcreditterms.Customers’credithistorywouldberegularlymonitoredbytheCompany.Forthosecustomerswhohavebadcredithistory,theCompanywillcallcollectioninwrittenform,shortencredittermorcancelcredittermtoensureitsoverallcreditriskisundercontrol.AsofJune30,2023,theaccountreceivablefromtopfiveclientsaccountedfor27.05%oftheCompany’stotalaccountreceivable.Themaximumcreditriskexposureequalstothecarryingvalueofeachfinancialassetinbalancesheet(includingderivativefinancialinstrument).TheCompanyhasnotprovidedanyguaranteewhichwouldotherwisemaketheCompanyexposedtocreditriskexceptforthefinancialguaranteecarriedinNote“X.Relatedpartyandrelatedtransaction”
2.LiquidityriskLiquidityriskreferstotheriskthatacompanywillrunshortoffundstomeetitsobligationssettledbydeliveringcashorotherfinancialassets.ItistheCompany’spolicytoensurethatsufficientcashisavailabletomeetdebtobligationsastheyfalldue.LiquidityriskiscentrallycontrolledbytheCompany’sfinancedepartment.Bymonitoringcashbalances,readilyrealizablemarketablesecurities,androllingforecastsofcashflowsforthenext12months,thefinancedepartmentensuresthatthecompanyhassufficientfundstoserviceitsdebtsunderallreasonableforecasts.Inaddition,it
continuestomonitorwhetherborrowingagreementiscompliedwith,andseeksforcommitmentfrommajorfinancialinstitutionsforprovisionofsufficientback-upfund,soastosatisfycapitalrequirementinashortandlongterm.Thefinancialliabilitiesofthecompanyarepresentedasundiscountedcontractcashflowsatmaturityasfollows:
MarketriskThemarketriskoffinancialinstrumentsreferstotheriskthatthefairvalueorfuturecashflowsoffinancialinstrumentswillfluctuateduetochangesinmarketprices,includingexchangeraterisk,interestrateriskandotherpricerisks.
3.1InterestriskInterestrateriskreferstotheriskthatthefairvalueorfuturecashflowsoffinancialinstrumentswillfluctuateduetochangesinmarketinterestrates.Interest-bearingfinancialinstrumentswithfixedratesandfloatingratesexposetheCompanytofairvalueinterestrateriskandcashflowinterestraterisk,respectively.TheCompanydeterminestheratiooffixedinterestrateinstrumentstofloatinginterestrateinstrumentsaccordingtothemarketenvironment,andmaintainsanappropriateportfoliooffixedandfloatinginterestrateinstrumentsthroughregularreviewandmonitoring.Whennecessary,theCompanywilluseinterestrateswapinstrumentstohedgeinterestraterisk.
3.2ExchangerateriskExchangerateriskistheriskthatthefairvalueorfuturecashflowsofafinancialinstrumentwillfluctuateduetothechangesinforeignexchangerates.TheCompanycontinuouslymonitorstheforeigncurrencytransactionsandthescaleofforeigncurrencyassetsandliabilitiestominimizeforeignexchangerisks.Inaddition,thecompanymayalsosignforwardforeignexchangecontractsorcurrencyswapcontractstoavoidexchangeraterisks.Duringthecurrentperiodandthepreviousperiod,theCompanydidnotsignanyforwardforeignexchangecontractsorcurrencyswapcontracts.
3.3OtherpriceriskOtherpriceriskreferstotheriskthatthefairvalueorfuturecashflowoffinancialinstrumentswillfluctuateduetochangesinmarketpricesotherthanexchangerateriskandinterestraterisk.OtherpriceriskoftheCompanyarisesmainlyfrominvestmentinvarioustypesofequityinstrumentsandisexposedtotherisksofchangesinthepricesofequityinstruments.
XI.Disclosureoffairvalue
1.Endingfairvalueoftheassetsandliabilitiesmeasuredbyfairvalue
Unit:RMB/CNY
| Item | Endingfairvalue | |||
| Firstlevel | Secondlevel | Thirdlevel | Total | |
| I.Sustainingmeasuredbyfairvalue | -- | -- | -- | -- |
| (i)Tradablefinancialassets | 1,341,657.20 | 225,488,827.03 | 226,830,484.23 | |
| 1.Financialassetsmeasuredatfairvalueandwhosechangesareincludedincurrentprofitorloss | 1,341,657.20 | 225,488,827.03 | 226,830,484.23 | |
| (2)Equityinstrumentinvestment | 1,341,657.20 | 1,341,657.20 | ||
| (3)Other | 225,488,827.03 | 225,488,827.03 | ||
| (iii)Investmentinotherequityinstruments | 57,500.00 | 57,500.00 | ||
| Totalassetssustainingmeasuredbyfairvalue | 1,341,657.20 | 225,546,327.03 | 226,887,984.23 | |
| II.Non-sustainingmeasuredbyfairvalue | -- | -- | -- | -- |
2.Basisforrecognizingthemarketpriceofitemssustainingandnon-persistentmeasuredbyfairvalueonfirstlevel
3.Thequalitativeandquantitativeinformationforthevaluationtechniqueandcriticalparameterofitemssustainingandnon-persistentmeasuredbyfairvalueonsecondlevel
4.Thequalitativeandquantitativeinformationforthevaluationtechniqueandcriticalparameterofitemssustainingandnon-persistentmeasuredbyfairvalueonthirdlevel
5.Foritemssustainingmeasuredbyfairvalueonsecondlevel,adjustmentinformationbetweentheopeningandclosingbookvalueandsensitivityanalysisofunobservableparameters
6.Foritemssustainingmeasuredbyfairvalue,describethereasonsfortheconversionandthepolicyfordeterminingthetimingoftheconversionifthereisaconversionbetweenlevelsinthecurrentperiod
7.Changesinvaluationtechnologyduringthecurrentperiodandreasonsforsuchchanges
8.Thefairvalueoffinancialassetsandfinancialliabilitiesnotmeasuredbyfairvalue
9.Other
XII.Relatedpartyandrelatedtransactions
1.Parentcompany
| Parentcompany | Registrationplace | Businessnature | Registeredcapital | RatioofshareholdingontheCompany | RatioofvotingrightontheCompany |
| ShenzhenFoodMaterialsGroupCo.,Ltd | Shenzhen | Investinginindustry,development,operationandmanagementoftheownproperty | 5,000millionyuan | 63.79% | 72.02% |
ExplanationonparentcompanyoftheCompanyTheultimatecontrolleroftheCompanyisOtherexplanation:
2.SubsidiariesoftheCompany
FormoredetailsofsubsidiariesoftheCompany,pleasereferto“NoteIX-Equityinotherentities”.
3.JointventureandassociatedenterpriseoftheCompanyFormoredetailsofimportantjointventureandassociatedenterpriseoftheCompany,pleasereferto“NoteV(17)-Long-termequity
investment”.OtherjointventureandassociatedenterprisethathaverelatedtransactionwiththeCompanyinthePeriodorthathavebalancewiththeCompanyarisingfromtransactioninlastperiodaredescribedasfollows:
| Jointventure/Associatedenterprise | Relationshipwiththeenterprise |
Otherexplanation
4.Otherrelatedparty
| Otherrelatedparty | RelationshipwiththeEnterprise |
| ZhanjiangChangshan(Shenzhen)EcologicalAquacultureCo.,Ltd | Wholly-ownedsubsidiaryofparentcompany |
| ShenzhenAgriculturalProductsGroupCo.,Ltd | Holdingsubsidiaryofparentcompany |
| ShenzhenHigreenInternationalAgriculturalProductsLogisticManagementCo.,Ltd | Holdingsubsidiaryofparentcompany |
| ShenzhenQianhaiNongmaiWorldE-CommerceCo.,Ltd | Holdingsubsidiaryofparentcompany |
| ChangshaMawangduiAgriculturalProductsCo.,Ltd. | Holdingsubsidiaryofparentcompany |
| Xi’anMooreAgriculturalProductsCo.,Ltd. | Holdingsubsidiaryofparentcompany |
| ShenzhenChineseCabbageTechnologyCo.,Ltd. | Holdingsubsidiaryofparentcompany |
| ShenzhenQianhaiAgriculturalProductsExchangeCo.,Ltd. | Holdingsubsidiaryofparentcompany |
| HuizhouHigreenAgriculturalProductsInternationalLogisticsCo.,Ltd. | Holdingsubsidiaryofparentcompany |
| ChengduAgriculturalProductsCenterWholesaleMarketCo.,Ltd. | Holdingsubsidiaryofparentcompany |
| GuangxiHigreenAgriculturalProductsInternationalLogisticsCo.,Ltd. | Holdingsubsidiaryofparentcompany |
| ShenzhenZhenchuSupplyChainCo.,Ltd. | Holdingsubsidiaryofparentcompany |
| ShenzhenMedicalMaterialsCo.,Ltd. | Holdingsubsidiaryofparentcompany |
| ShenzhenShennongLandCo.,Ltd. | Holdingsubsidiaryofparentcompany |
| ShenzhenInvestmentHoldingsCo.,Ltd. | FormershareholderoftheCompany,Controlledbythesameultimatecontrollingparty |
| ShenzhenInvestmentManagementCo.,Ltd. | FormershareholderoftheCompany,Controlledbythesameultimatecontrollingparty |
| ZhanjiangHaitianAquaticFeedCo.,Ltd | SubsidiariesoftheCompany’sshareholders,controlledbytheultimatecontrollingparty |
| ShenzhenShennongKitchenCo.,Ltd | SubsidiariesoftheCompany’sshareholders,controlledbytheultimatecontrollingparty |
| ShenzhenAgriculturalProductsE-commerceCo.,Ltd | SubsidiariesoftheCompany’sshareholders,controlledbytheultimatecontrollingparty |
| ShenzhenHigreenRealEstateCo.,Ltd | SubsidiariesoftheCompany’sshareholders,controlledbythe |
| ultimatecontrollingparty | |
| ShenzhenSouthernAgriculturalProductsLogisticsCo.,Ltd | SubsidiariesoftheCompany’sshareholders,controlledbytheultimatecontrollingparty |
| ShenzhenAgriculturalProductsSmallLoanCo.,Ltd | SubsidiariesoftheCompany’sshareholders,controlledbytheultimatecontrollingparty |
| ShenzhenShenliangColdTransportCo.,Ltd. | HoldingsubsidiariesoftheCompany’sassociatedenterprise |
| YaoJicheng | Minorityshareholderofcontrollingsubsidiary |
| ZhangTiejun | Minorityshareholderofcontrollingsubsidiary |
Otherexplanation
5.Relatedtransaction
(1)Goodspurchasing,laborserviceprovidingandreceiving
Goodspurchasing/laborservicereceiving
Unit:RMB/CNY
| Relatedparty | Relatedtransactioncontent | CurrentPeriod | Approvedtransactionlimit | Whethermorethanthetransactionlimit(Y/N) | LastPeriod |
| ShenzhenShenliangColdTransportCo.,Ltd. | Warehousingservices/Transportationservices | 137,432.79 | N | 114,204.50 | |
| ShenzhenShennongKitchenCo.,Ltd | Procurementofgoods | 852,212.56 | N | ||
| ShenzhenShenyuanDataTech.Co.,Ltd | Informationsoftwaredevelopment | 5,091,557.43 | N | 1,332,904.42 |
Goodssold/laborserviceproviding
Unit:RMB/CNY
| Relatedparty | Contentofrelatedtransactioncontent | Currentperiod | Lastperiod |
| ShenzhenDuoxiEquityInvestmentFundManagementCo.,Ltd. | Grainandoilsales,teasales,cleaningservices | 9,433.95 | 18,984.00 |
| HuizhouHigreenAgriculturalProductsInternationalLogisticsCo.,Ltd. | Grainandoilsales | 12,361.06 | |
| ShenzhenAgricultural | Grainandoilsales | 8,240.71 | 13,870.00 |
| ProductsSmallLoanCo.,Ltd | |||
| ShenzhenShenliangColdTransportCo.,Ltd. | Grainandoilsales,warehousingservicesandteasales | 512,330.45 | 5,046.48 |
| ShenzhenShennongKitchenCo.,Ltd | Grainandoilsales,andteasales | 41,203.54 | 555,498.00 |
| ShenzhenShenyuanDataTech.Co.,Ltd | Grainandoilsales | 22,214.14 | 20,080.40 |
| ShenzhenFoodMaterialsGroupCo.,Ltd | Grainandoilsales,assetmanagement,teasales | 762,516.56 | 1,465,053.67 |
| ShenzhenZhenchuSupplyChainCo.,Ltd. | Grainandoilsales,transportationservice | 971,414.88 | 11,179,507.33 |
Explanationongoodspurchasing,laborserviceprovidingandreceiving
(2)Relatedtrusteeshipmanagement/contract&entrustmanagement/outsourcing
Trusteeshipmanagement/contract:
Unit:RMB/CNY
| Client/Contract-outparty | Entrustingparty/Contractor | Trustee/assetscontract | Trustee/start | Trustee/ends | Managedearnings/pricingofthecontractearnings | Managedearningsconfirmedintheperiod/contractearnings |
Relatedmanaged/contract:
Entrustedmanagement/outsourcing:
Unit:RMB/CNY
| Client/Contract-outparty | Entrustingparty/Contractor | Trustee/assetscontract | Trustee/start | Trustee/ends | Managedearnings/pricingofthecontractearnings | Managedearningsconfirmedintheperiod/contractearnings |
Relatedmanagement/outsourcing:
(3)Relatedlease
Thecompanyactsasthelessor:
Unit:RMB/CNY
| Lessee | Assetstype | LeaseincomerecognizedinthePeriod | LeaseincomerecognizedlastPeriod |
| ShenzhenShenyuanDataTechnologyCo.,ltd. | Operatingsite | 261,994.26 | 275,094.00 |
| ShenzhenDuoxiEquityInvestmentFundManagementCo.,Ltd. | Officespace | 133,405.74 | 135,996.00 |
Thecompanyactsasthelessee:
Unit:RMB/CNY
| Lessor | Assetstype | Simplifiedrentalfeesforshort-termleasesandlowvalueassetleases(ifapplicable) | Variableleasepaymentsnotincludedinthemeasurementofleaseliabilities(ifapplicable) | Rentpaid | Interestexpenseonleaseliabilitiesassumed | Increasedright-of-useassets | |||||
| Currentperiod | Lastperiod | Currentperiod | Lastperiod | Currentperiod | Lastperiod | Currentperiod | Lastperiod | Currentperiod | Lastperiod | ||
| ZhangTiejun | Officespace | 42,377.55 | 42,377.55 | ||||||||
| ShenzhenHigreenInternationalAgriculturalProductsLogisticManagementCo.,Ltd | Officespace | 15,771.00 | 15,771.00 | ||||||||
Explanationonrelatedlease
(4)Relatedguarantee
TheCompanyactsastheguarantor
Unit:RMB/CNY
| Securedparty | Guaranteeamount | Guaranteestartdate | Guaranteeexpirydate | Whethertheguaranteehasbeenfulfilled |
| ChangzhouShenbaoChacangE-businessCo.,ltd. | 3,500,000.00 | 2011-12-20 | N |
TheCompanyactsasthesecuredparty
Unit:RMB/CNY
| Guarantor | Guaranteeamount | Guaranteestartdate | Guaranteeexpirydate | Whethertheguaranteehasbeenfulfilled |
Explanationonrelatedguarantee:
(5)Relatedparty’sborrowedfunds
Unit:RMB/CNY
| Relatedparty | Borrowingamount | Startingdate | Maturitydate | Note |
| Borrowing | ||||
| YaoJicheng | 1,990,000.00 | 2021-11-25 | 2022-11-24 | |
| YaoJicheng | 4,010,000.00 | 2021-12-30 | 2022-12-29 | |
| Lending | ||||
(6)Assetstransferanddebtreorganizationofrelatedparty
Unit:RMB/CNY
| Relatedparty | Contentofrelatedtransaction | CurrentPeriod | LastPeriod |
(7)Remunerationofkeyexecutives
Unit:RMB/CNY
| Item | CurrentPeriod | LastPeriod |
(8)Otherrelatedtransaction
6.Receivableandpayableofrelatedparty
(1)Receivableitem
Unit:RMB/CNY
| Item | Relatedparty | Endingbalance | Openingbalance | ||
| Bookbalance | Provisionforbaddebt | Bookbalance | Provisionforbaddebt | ||
| Accountreceivable | ShenzhenShenliangColdTransportCo.,Ltd. | 110,620.00 | 94.34 | 9,434.00 | 94.34 |
| Accountreceivable | ShenzhenShennongKitchenCo.,Ltd | 50,402.00 | 431.51 | 43,151.00 | 431.51 |
| Accountreceivable | ShenzhenFoodMaterialsGroupCo.,Ltd | 21,764.00 | 217.64 | 21,764.00 | 217.64 |
| Accountreceivable | ShenzhenDuoxiEquityInvestmentFundManagementCo.,Ltd. | 1,123.20 | 1,123.20 | ||
| Accountreceivable | HuizhouHigreenAgriculturalProductsInternationalLogisticsCo.,Ltd. | 41,844.00 | 302.64 | 30,264.00 | 302.64 |
| Accountreceivable | ShenzhenZhenchuSupplyChainCo.,Ltd. | 1,521,749.67 | 25,026.91 | 2,502,691.02 | 25,026.91 |
| Otheraccountsreceivable | ShenzhenShenliangColdTransportCo.,Ltd. | 10,000.00 | 10,000.00 | ||
| Otheraccountsreceivable | ShenzhenHigreenInternationalAgriculturalProductsLogisticManagementCo.,Ltd | 50,000.00 | 50,000.00 | ||
| Otheraccountsreceivable | ZhanjiangChangshan(Shenzhen)EcologicalAquacultureCo.,Ltd | 5,520.00 | 5,520.00 | 5,520.00 | 5,520.00 |
| Otheraccountsreceivable | ShenzhenShenyuanDataTech.Co.,Ltd | 27,000.00 | 270.00 | ||
| Otheraccountsreceivable | ChangzhouShenbaoChacangE-businessCo.,Ltd. | 24,608,742.46 | 22,187,644.18 | 24,608,742.46 | 22,187,644.18 |
| Otheraccountsreceivable | ShenzhenShichumingmenCateringManagementCo.,Ltd. | 1,908,202.67 | 1,908,202.67 | 1,908,202.67 | 1,908,202.67 |
| Otheraccountsreceivable | ShenzhenInvestmentHoldingsCo.,Ltd. | 415,644.52 | 415,644.52 | ||
| Otheraccountsreceivable | ShenzhenFoodMaterialsGroupCo.,Ltd | 1,658,857.18 | 1,104,355.28 |
| Otheraccountsreceivable | ShenzhenZhenchuSupplyChainCo.,Ltd. | 1,000,000.00 | |||
| Otheraccountsreceivable | ShenzhenDuoxiEquityInvestmentFundManagementCo.,Ltd. | 4,000.00 | |||
| Otheraccountsreceivable | ShenzhenMunicipalPeople’sGovernmentState-ownedAssetsSupervision&AdministrationCommission | 52,735.50 | 30,132.00 | ||
| Otheraccountsreceivable | YaoJicheng | 463,085.35 | 1,702.29 | 463,085.35 | 1,702.29 |
(2)Payableitem
Unit:RMB/CNY
| Item | Relatedparty | Endingbookbalance | Openingbookbalance |
| Dividendpayable | ShenzhenInvestmentManagementCo.,Ltd | 2,690,970.14 | |
| Accountpayable | ShenzhenShenyuanDataTech.Co.,Ltd | 103,511.67 | 485,080.53 |
| Accountpayable | ShenzhenShenliangColdTransportCo.,Ltd. | 2,033.96 | |
| Accountpayable | ShenzhenMunicipalPeople’sGovernmentState-ownedAssetsSupervision&AdministrationCommission | 19,693,023.35 | 39,633,221.00 |
| Otheraccountpayable | ShenzhenShenliangColdTransportCo.,Ltd. | 280,000.00 | |
| Otheraccountpayable | ShenzhenFoodMaterialsGroupCo.,Ltd | 146,162,941.72 | 146,162,941.72 |
| Otheraccountpayable | ZhanjiangChangshan(Shenzhen)EcologicalAquacultureCo.,Ltd | 8,060,632.25 | 8,051,954.17 |
| Otheraccountpayable | ShenzhenDuoxiEquity | 41,486.00 | 453,294.60 |
| InvestmentFundManagementCo.,Ltd. | |||
| Otheraccountpayable | ShenzhenInvestmentManagementCo.,Ltd | 3,510,297.20 | 3,510,297.20 |
| Otheraccountpayable | ShenzhenShenyuanDataTech.Co.,Ltd | 557,300.00 | 3,564,200.00 |
| Otheraccountpayable | ZhanjiangHaitianAquaticFeedCo.,Ltd | 20,000.00 | 20,000.00 |
| Otheraccountpayable | ShenzhenShennongKitchenCo.,Ltd | 400,000.00 | 200,000.00 |
| Otheraccountpayable | YaoJicheng | 10,564,054.93 | 10,650,837.33 |
| Otheraccountpayable | ZhangTiejun | 39,459.95 | |
| Contractliability | ShenzhenFoodMaterialsGroupCo.,Ltd | 280.00 | |
| Contractliability | ShenzhenShennongKitchenCo.,Ltd | 5,022.00 | |
| Contractliability | ShenzhenZhenchuSupplyChainCo.,Ltd. | 3,760.00 | |
| Contractliability | ShenzhenInvestmentHoldingsCo.,Ltd. | 39,640.00 | |
| Contractliability | ShenzhenShenliangColdTransportCo.,Ltd. | 2,160.00 | |
| Contractliability | ShenzhenShenyuanDataTech.Co.,Ltd | 2,696.00 | |
| Contractliability | ShenzhenDuoxiEquityInvestmentFundManagementCo.,Ltd. | 1,123.20 |
7.Relatedpartycommitment
8.Other
XIII.Share-basedpayment
1.Overallsituationofshare-basedpayment
□Applicable?Notapplicable
2.Share-basedpaymentsettledbyequity
□Applicable?Notapplicable
3.Share-basedpaymentsettledbycash
□Applicable?Notapplicable
4.Modificationandterminationofshare-basedpayment
Nil
5.OtherNilXIV.Commitmentorcontingency
1.ImportantcommitmentsImportantcommitmentsonbalancesheetdate
TheCompanyhasnoimportantcommitmentsthatneedtodisclosedasofJune30,2023.
2.Contingency
(1)Importantcontingencyonbalancesheetdate
(1)ThesalesandpurchasecontractdisputebetweenHualianCompanyandZhuhaiDoumenHuabiTradingCo.,Ltd(hereinafterreferredtoas“ZhuhaiHuabi”)HualianCompany(plaintiff)broughtasuitagainstZhuhaiHuabi(defendant),andthePeople’sCourtofShenzhenLuohuDistricthasmadethefirstinstanceeffectivejudgmentin2007:1.Thedefendantshouldrepaytheplaintiffpaymentforgoodsof2,396,300yuan;2.Thedefendantshouldpaytheplaintiffliquidateddamagesof239,600yuan;3.Courtacceptancefeeof33,200yuanshouldbebornebythedefendant.In2005,ZhuhaiHuabistoppedproductionanditslegalrepresentativewasarrestedbythepublicsecurityorgans.ItwasfoundthatZhuhaiHuabihadbeencanceled.AsofJune30,2023HualianCompanyhaswithdrawn100.00%ofbaddebtreservesforthereceivablesof2,396,300yuanfromZhuhaiHuabi.
(2)DisputesoverimportagencycontractamongSZCG,HualianCompanyandGuangzhouJinheFeedCo.,Ltd.(hereinafterreferredtoasGuangzhouJinhe),HuangXianningInthecaseoftheplaintiffSZCGandHualianCompanyversusthedefendantGuangzhouJinheandHuangXianningovertheimportandexportagencycontractdisputes,theFutianDistrictPeople’sCourtmadethefirst-instancejudgmentin2015:1.ThedefendantGuangzhouJinheshouldpayatotalof10,237,400yuantoSZCGandHualianCompanywithinten(10)daysfromtheeffectivedateofthejudgment;2.Ifitfailstoperformitspecuniaryobligationswithintheperiodspecifiedbythejudgment,itshallpaydoubleoftheinterestonthedebt
forthedelayedinperformanceinaccordancewithArticle253oftheCivilProcedureLawofthePeople’sRepublicofChina;3.Thecaseacceptancefeeof83,200yuanshallbebornbyGuangzhouJinhe.AsGuangzhouJinhedissatisfiedwiththeabove-mentionedfirst-instancejudgment,itappealedtotheShenzhenIntermediatePeople’sCourt.OnMarch30,2017,ShenzhenIntermediatePeople’sCourtissuedasecond-instancejudgment,whichrejectedtheappealofGuangzhouJinheandupheldtheoriginaljudgment.Subsequently,SZCGandHualianCompanyappliedtotheCourtoffirstinstancefortheenforcement.AsofJune30,2023,thecaseiscurrentlystillbeingexecuted,andtheotherpartyhasnotpaidanymoney.SZCGhasmadeaprovisionforbaddebtsatarateof100.00%forthereceivablepaymentof10,455,600yuanfromGuangzhouJinhe.Accordingtothe“LetterofCommitmentfromShenzhenFudeStateCapitalOperationCo.,Ltd.onthePendingLitigationofShenzhenCerealsGroupCo.,Ltd.”,ShenzhenFudeStateCapitalOperationCo.,Ltd.(nowrenamedintoShenzhenFoodMaterialsGroupCo.,Ltd.)willbearthecompensationorlossescausedbythelawsuitonitsbehalfforanyclaims,compensation,lossesorexpenditurescausedbythedisputesoverimportagencycontractamongSZCGanditsholdingsubsidiarieswithGuangzhouJinheandHuangXianning.
(3)ContractdisputesbetweenHualianCompanyandFoshanShundeHuaxingFeedFactory(hereinafterreferredtoas“HuaxingFeedFactory”)InAugustandOctober2007,HualianCompanysoldproductstoHuaxingFeedFactoryandreceivedcommercialacceptancebillstotaling2,958,600yuan.Duetothecompany’sfailuretorepaytheoverduepayment,HualianCompanyfiledalawsuitwiththeShundeDistrictPeople’sCourtofFoshanCityonOctober29,2007,requestingHuaxingFeedFactorytorepaythepaymentandpaythecorrespondinginterest.FromJunetoJuly2011,atotalof1,638,900yuanofthecompany’sbankruptcyassetswasrecovered.Thecompanyreceived29,400yuaninOct.2020.AsofJune30,2023,HualianCompanyhadareceivablepaymentof1,290,300yuanfromHuaxingFeedFactory.Thisamounthasbeenwithdrawnbaddebtreservesby100.00%.
(4)MungbeanbusinessdisputesbetweenSZCGandJilinTongyuCountyShengdaCompany(hereinafterreferredtoas“ShengdaCompany”)OnAugust26,2010,theShenzhenFutianDistrictPeople’sCourtacceptedthecaseoftheplaintiffSZCGversusthedefendantShengdaCompanyoveranentrustmentcontractdispute.Uponmediation,bothpartiesreachedamediationagreementvoluntarily:1.It’sconfirmedthatthedefendantShengdaCompanystillowestheplaintiffSZCGtherepurchasepaymentof7.492millionyuanandtherepurchasepaymentinterestof2.8millionyuanbeforeSeptember3,2009.2.ThedefendantShengdaCompanyshouldpaythefirstinstallmentof1millionyuantotheplaintiffSZCGbeforeOctober30,2010,andshouldpay1millionyuanattheendofeachmonthfromNovember2010toMarch2011,andshouldpay492,000yuanbeforetheendofApril2011,totaling6,492,000yuan.3.IfthedefendantShengdaCompanycanpaytheaboveamountinfullandonschedule,itdoesnotneedtopaytheremainingprincipalof1millionyuanandtheinterestof2.8millionyuan.Ifanyoftheabovesumsarenotpaidinfullandonschedule,theplaintiffmayapplytothecourtforenforcementofalltheclaimssetoutinthe
firstitemabove.Afterthemediationagreementcameintoeffect,ShengdaCompanydidnotfullyfulfillitsrepaymentobligations,andSZCGhasappliedforcompulsoryexecution.AsofthedateofJune30,2022,thebookreceivablesamountedto5,602,500yuan,theexecutionoftheremainingamountswashighlyuncertain,andtheCompanyhasfullymadeprovisionsforbaddebtsof5,602,500yuanforthispayment.
(5)SalescontractdisputesbetweenHualianCompanyandDalianLiangshuntongSupplyChainManagementCo.,Ltd.(hereinafterreferredtoas“LiangshuntongCompany”)
1)InthecaseoftheplaintiffLiangshuntongCompanyversusthedefendantHualianCompanyoverasalescontractdispute([2019]Y0304MChNo.49562),theFutianDistrictPeople’sCourtmadeafirst-instanceciviljudgmentonJuly3,2020that:1.TheplaintiffLiangshunTongtongCompanyshallpayHualianCompany595,800yuanwithintendaysfromtheeffectivedateofthisjudgment;2.RejecttheclaimsofLiangshuntongCompany;3.RejectothercounterclaimsofHualianCompany;4.TheplaintiffLiangshuntongCompanyshallprepaythelitigationfeeof208,900yuan,whichshallbebornebytheplaintiff,andthedefendantHualianCompanyshallprepaythecounterclaimacceptancefeeof113,000yuan,ofwhich1,800yuanshallbebornebytheplaintiffand111,200yuanshallbebornebythedefendant.Afterreceivingthejudgment,theplaintiffLiangshuntongrefusedtoacceptitandappealedtotheShenzhenIntermediatePeople’sCourt.TheShenzhenIntermediatePeople’sCourtmadeafinalrulingonOctober29,2021,andtherulingisasfollows:rejectingtheappealandupholdingtheoriginaljudgment.TheFutianDistrictPeople’sCourthasacceptedtheenforcementapplicationsubmittedbyHualianCompany.HualianCompanyappliedforexecutiontotheFutianDistrictPeople’sCourtofShenzheninDecember2021.InMay2022,theFutianDistrictPeople’sCourtissuedthe“ExecutionOrder”([2021]Y0304ZhNo.37136),rulingthattheexecutionprocedureshouldbeterminatedduetothefactthatthepersonbeingexecutedcurrentlyhasnopropertyavailableforexecution;Iftheapplicantforenforcementdiscoversthatthepersonsubjectedtoenforcementhaspropertyavailableforenforcement,itmayapplyforenforcementagain
2)InthecaseoftheplaintiffHualianCompanyversusthedefendantLiangshuntongCompanyoveracontractdispute([2020]Y0304MChNo.2824),theFutianDistrictPeople’sCourtdeliveredtheCivilJudgmentofthefirstinstanceonDecember31,2020,rulingthat1.ThedefendantLiangshuntongCompanyshallpayHualianCompanyadvancefeesof461,900yuanandcapitalcostof4,030,000yuanwithintendaysfromtheeffectivedateofthejudgment;2.LiangshuntongCompanyshallpaythecapitaloccupationfee(basedon461,900yuan,withanannualinterestrateof10.00%,calculatingfromDecember11,2019tothedateofpayingoffthefullamount)toHualianCompanywithinten(10)daysfromtheeffectivedateofthejudgment;3.Caseacceptancefeeof42,700yuanshallbebornebythedefendantLiangshuntongCompany.Afterreceivingthejudgment,LiangshuntongappealedtotheShenzhenIntermediatePeople’sCourtonJanuary22,2021.TheShenzhenIntermediatePeople’sCourtmadeafinalrulingonNovember9,2021,andtherulingisasfollows:rejectingtheappealandupholdingtheoriginaljudgment.HualianCompanyappliedforexecutiontotheFutianDistrictPeople’sCourtofShenzheninDecember2021.InMay2022,theFutianDistrictPeople’sCourtissuedtheExecutionOrder([2021]Y0304ZhNo.37314),rulingthattheexecutionprocedureshouldbeterminatedduetothefactthatthepersonbeing
executedcurrentlyhasnopropertyavailableforexecution;Iftheapplicantforenforcementdiscoversthatthepersonsubjectedtoenforcementhaspropertyavailableforenforcement,itmayapplyforenforcementagain.
(6)DisputesoverconstructionengineeringcontractbetweenHeilongjiangHongxinglongFarms&LandReclamationShenxinGrainIndustrialParkCo.,Ltd.(hereinafterreferredtoas“Hongxinglong”)andHeilongjiangZhishengdaConstructionEngineeringCo.,Ltd.(hereinafterreferredtoas“ZhishengdaCompany”)InApril2020,ZhishengdaCompanyfiledalawsuitwithHongxinglongPeople’sCourtofHeilongjiangProvincewithHongxinglongasthedefendant,requesting:1.Toconfirmthatthe“LetteronRectificationofCompletedProjectsandCancellationofNotConstructedProjects”issuedbyHongxinglongonApril7,2020doesnothavetheeffectofterminatingthecontract,therescissioncontractmadebyitisinvalid,andjudgethatthedefendantHongxinglongshouldcontinuetoperformthecontract(theprojectcostrequiredtoperformthecontractis5,137,800yuan).2.ThelitigationfeeandotherlegalcostsshallbebornebyHongxinglong.OnJuly29,2020,Hongxinglongfiledacounterclaimwiththefirst-instancecourt,requestingthecourt:1.ToconfirmthevalidityofthecancellationoftheconstructioncontractbetweenHongxinglongandZhishengdainaccordancewiththelaw.2.TorulethatZhishengdashouldpayHongxinglongliquidateddamagesof1,003,200yuan,ofwhichliquidateddamagesforoverduecompletionoftheprojectof253,200yuan,repaircostsforunqualifiedprojectqualityofabout240,000yuan(thespecificamountistobedeterminedbyathirdparty),liquidateddamagesforprojectmanager’sabsencefromtheconstructionsitewithoutpermissionof500,000yuan,liquidateddamagesforthemigrantworker’scollectivepetitionsof10,000yuan.3.ThecounterclaimfeeandappraisalfeeshallbebornebyZhishengdaCompany.OnMarch16,2021,thethird-partyappraisalagencyappliedbyZhishengdaCompanyconductedanon-sitesurveyandon-siteappraisalfortheengineeringquantities.Theappraisalagency(HeilongjiangYageConstructionEngineeringManagementConsultingCo.,Ltd.,nowrenamedintoZhongyunProjectManagementCo.,Ltd.)appraisedthecostofprojectrestoration.OnApril29,2021,HongxinglongCompanyappliedforathird-partyappraisalagencytoconducton-siteinspection.OnMay27,2021,thethird-partyappraisalagency(HarbinGongdaConstructionEngineeringJudicialAppraisalConsultingCo.,Ltd.)conductedon-siteappraisaloftheengineeringquantities.Hongxingdapaidanappraisalfeeof20,000yuan.OnJuly22,2021,ZhishengdaCompanyreappliedtoathird-partyappraisalagencyforon-siteappraisal.OnOctober27,2021,theappraisalagency,ZhongyunProjectManagementCo.,Ltd.,cametothesiteforappraisal.OnMarch9,2022,thefirst-instancetrialwasheld,andthelawyersofbothpartiesconductedcross-examination.Butthethird-partyappraiserdidnotappearincourtduetotheimpactofthepandemic,soitwasplannedtochooseanotherdayforthetrial.OnMarch31,2022,HongxinglongCompanysubmittedan“ApplicationforChangeofLitigationRequest”tothecourt,requestingthatthesecondparagraphofthesecondclauseoftheapplicant’scounterclaimbechangedto“976,722.63yuan(incurredrepaircosts)+438,143.84yuan(thecontinuedrepaircostidentifiedbyZhongyunProjectManagementCo.,Ltd.),withatotalrepaircostof1,414,866.47yuan”,requestingthecourttojudge
ZhishengdaCompanyshallpaythefollowingtoHongxinglongCompany:1atotalof763,200.00yuanasliquidateddamages(including:1)253,186.57yuanasliquidateddamagesforoverduecompletionoftheproject;2)afineof500,000yuanastheprojectmanagerlefttheconstructionsitewithoutpermission;3)apenaltyof10,000yuanforcollectivepetitionsbymigrantworkers;2.976,722.63yuan(incurredrepaircosts)+438,143.84yuan(continuedrepaircostsidentifiedbyZhongyunProjectManagementCo.,Ltd.)fortherepairofsubstandardengineeringquality,totaling1,414,866.47millionyuan.Theabovetwoitemsamountedto2,178,053.04yuan,andthecounterclaimfeeandappraisalfeeshallbebornebyZhishengdaCompany.OnMay19,2022,ZhishengdaCompanysubmitteda“ClearLitigationRequestApplication”,whichstatedthatthelitigationrequestwas:1)Hongxinglongshallpay2,362,100yuanfortheprojectandinventorymaterials,andtheinterestshallbecalculatedfromJune1,2020atfourtimestheloaninterestratepublishedbytheNationalInterbankFundingCenteruntiltheprojectpaymentisfullypaid.2)RequestingthePeople’sCourttorulethatHongxinglongCompanyshallpaycompensationofZhishengdaCompanyforlossesof4,234,900yuan(including
①lossofroadinterestsof606,900yuan;②lossofequipmentrentof1,633,000yuan;③lossofwagesoftechnicalpersonnelandmanagementpersonnelof197,500yuan;④biddingcostof20,000yuan).3)HongxionglongCompanyshallpayamonthlycompensationof79,500yuanforlossesofZhishengdasinceJune1,2022,untiltheprojectmanagerandothersinvolvedinthecasearereleasedfromtherecord.Theaforesaidthreeitemsamountedto6,676,500yuan.4)Thecaseacceptancefeeandappraisalfeeof58,000yuanshallbebornebyHongxinglong.
(7)ConstructionprojectsubcontractingdisputecaseofXuAnwuversusDongguanShenliangLogisticsCo.,Ltd.,GansuInstallationandConstructionGroupCo.,Ltd.,GuangdongDianbaiConstructionGroupCo.,Ltd.,andXuJianqiangOnMarch17,2021,theplaintiffXuAnwusuedDongguanShenliangLogisticsCo.,Ltd.,GansuInstallationandConstructionGroupCo.,Ltd.,GuangdongDianbaiConstructionGroupCo.,Ltd.,andXuJianqiangasdefendantstotheFirstPeople’sCourtofDongguan,requesting:1.Thefourdefendantstoimmediatelypaytheplaintifftheconstructioncostof10.445millionyuan;2.Thefourdefendantstobearthelitigationcostsinthiscase.OnMay19,2021,GansuInstallationandConstructionGroupCo.,Ltd.filedacounterclaimwithXuAnwuasthecounterclaimdefendant,requesting:1.XuAnwutoimmediatelyreturntheoverpaid2,567,000yuantoGansuInstallationandConstructionGroupCo.,Ltd.;2.XuAnwutobearalllitigationcosts.ThefirstinstanceofthiscasewasheardonJuly14,2021.OnApril22,2022,theFirstPeople’sCourtofDongguanCity,GuangdongProvinceissuedajudgmentrejectingalltheplaintiff’slitigationclaimsagainstDongguanShenliangLogisticsCo.,Ltd..GansuInstallationandConstructionGroupCo.,Ltd.appealedtotheIntermediatePeople’sCourtofDongguanCity,GuangdongProvince.OnSeptember22,2022,theIntermediatePeople’sCourtofDongguanCity,GuangdongProvinceissuedafinaljudgmentrejectingallthelitigationclaimsoftheplaintiffXuAnwuagainstDongguanShenliangLogisticsCo.,
Ltd..OnMarch31,2023,XuAnwuappliedforaretrialtotheGuangdongProvincialHigherPeople’sCourt.Request:1.Revoke(2022)Y19MZHNo.7365oftheIntermediatePeople’sCourtofDongguanCity,GuangdongProvince;2.Itisorderedthatthelitigationcostsforthefirstrail,secondtrail,andretrialofthiscaseshallbebornebytherespondentGansuInstallationandConstructionGroupCo.,Ltd.
(8)DisputesoversalescontractbetweenHangzhouJuFangYongHoldingsCo.,Ltd.andHangzhouJuFangYongTradingCo.,Ltd.,OnSeptember7,2021,theplaintiffHangzhouJuFangYongHoldingsCo.,Ltd.suedHangzhouJuFangYongTradingCo.,Ltd.asthedefendanttotheHangzhouBinjiangDistrictPeople’sCourt,requestingtoorder:1.Thedefendanttoimmediatelypay2,816,300.00yuan;2.Thedefendanttobearthelitigationcostsinthiscase.OnOctober29,2021,HangzhouJuFangYongHoldingsCo.,Ltd.andHangzhouJuFangYongTradingCo.,Ltd.reachedapre-litigationmediation,andHangzhouJuFangYongTradingCo.,Ltd.paid2,816,000yuantoHangzhouJuFangYongHoldingsCo.,Ltd.,andpaidinfullbeforeNovember30,2021.OnDecember8,2021,HangzhouBinjiangDistrictPeople’sCourtissuedacivilrulingpaper,rulingthatthemediationagreementreachedbyHangzhouJuFangYongHoldingsCo.,Ltd.andHangzhouJuFangYongTradingCo.,Ltd.onOctober29,2021isvalid,andthepartiesshallconsciouslyperformtheirobligationsinaccordancewiththeprovisionsofthemediationagreement.Ifanypartyrefusestoperformorfailstoperformallofitsobligations,theotherpartyshallapplytothepeople’scourtforenforcement.OnDecember29,2021,HangzhouBinjiangDistrictPeople’sCourtacceptedtheenforcementapplicationofHangzhouJuFangYongHoldingsCo.,Ltd.OnMarch4,2022,HangzhouJuFangYongHoldingsCo.,Ltd.submittedanapplicationfor“transferofenforcementtobankruptcy”toHangzhouIntermediatePeople’sCourt.OnAugust19,2022,thecourtruledtoacceptthebankruptcyliquidationapplicationofJuFangYongHoldingsforJuFangYongTrading.OnSeptember27,2022,JuFangYongTradingCo.,Ltd.transferredtheseal,accountbooksandothermaterialstothebankruptcyliquidationadministrator.OnOctober21,2022,themanagerheldthefirstcreditors’meeting.
(9)DisputesoverprivatelendingbetweenShenzhenShenshenbaoTeaCultureCommercialManagementCo.,Ltd.andShenzhenShichumingmenCateringManagementCo.,Ltd.OnMay31,2021,theplaintiffShenzhenShenshenbaoTeaCultureCommercialManagementCo.,Ltd.filedalawsuitwithShenzhenNanshanDistrictPeople’sCourtagainstShenzhenShichumingmenCateringManagementCo.,Ltd.asthedefendant,requestingtoorder:1).Thedefendanttoreturntheprincipalof1,183,000yuanborrowedfromtheplaintiff;2).Thedefendanttopaytheinterestonborrowingsof171,300yuantotheplaintiff;
3).Thedefendanttobearthelitigationcostsinthiscase.OnDecember1,2021,thecourtmadeajudgmentinsupportofalltheclaimsofShenzhenShenshenbaoTea
CultureCompany.OnJanuary20,2022,thePeople’sCourtofNanshanDistrictacceptedtheenforcementapplicationofShenzhenShenshenbaoTeaCultureCompany.OnApril27,2022,thePeople’sCourtofNanshanDistrictmadearuling:toterminatethisexecutionprocedure.Iftheapplicantforenforcementdiscoversthatthepersonsubjectedtoenforcementhaspropertyavailableforenforcement,theymayapplyforresumptionofenforcement.OnMay18,2022,ShenzhenShenshenbaoTeaCultureCompanyappliedtothecourtforbankruptcyliquidation.OnAugust15,2022,theShenzhenIntermediatePeople’sCourtmadeadecisiontoappointGuangdongGuangheLawFirmastheadministratorforbankruptcyliquidation.OnSeptember9,2022,ShenzhenShenshenbaoTeaCultureCompanydeclareditscreditor’srightstotheadministrator.OnNovember8,2022,theadministratorheldthefirstcreditors’meeting.OnDecember12,2022,theShenzhenIntermediateCourtmadearulingdeclaringShenzhenShichumingmenCateringManagementCo.,Ltd.bankruptandendingthebankruptcyproceedings.OnMarch6,2023,thebankruptcyadministratorcanceledShenzhenShichumingmenCateringManagementCo.,Ltd.
(10)DisputesoverspecialoperatingcontractbetweenShanghaiBaoyanCateringCo.,Ltd.andHangzhouFuhaitangCateringManagementChainCo.,Ltd.OnJuly22,2021,theplaintiffShanghaiBaoyanCateringCo.,Ltd.filedalawsuitwithHangzhouBinjiangDistrictPeople’sCourtagainstHangzhouFuhaitangCateringManagementChainCo.,Ltd.asthedefendant,requesting:1).TocanceltheRegionalAgencyAuthorizedOperatingAgreementsignedbytheplaintiffandthedefendant;2).Thedefendanttoreturntheregionalagencycooperationfeeof1,880,000yuanandthecooperationdepositof80,000yuantotheplaintiff,atotalof1,960,000yuan;3).Thedefendanttopaytheliquidateddamagesof100,000yuantotheplaintiff;4.Thedefendanttopaytheattorneyfeeof50,000yuantotheplaintiff;5).Thedefendanttobearthelitigationfeeinthiscase.TheHangzhouBinjiangDistrictPeople’sCourtissuedasubpoenaonFebruary11,2022,confirmingthatthecasenumberwas(2021)Zh0108MChNo.5890,andthecourtdatesetforMarch17,2022.OnMay18,2022,HangzhouBinjiangDistrictCourtmadeajudgmentoffirstinstancethatHangzhouFuhaitangCateringManagementChainCo.,Ltd.shallreturnedtheagencycooperationpriceof880,000yuantoShanghaiBaoyanCateringCo.,Ltd.andbearthelegalcostof12,600yuan;ShanghaiBaoyanshallbearthelegalcostsof13,100yuan.BothFuhaitangCateringandShanghaiBaoyanrefusedtoobeyandappealedtoHangzhouIntermediatePeople’sCourt.
OnSeptember6,2022,HangzhouIntermediatePeople’sCourtheldatrialonthiscase.OnNovember17,2022,thecourtmadeajudgment:FuhaitangCateringshallreturnagencycooperationanddepositof960,000yuantoShanghaiBaoyan.ShanghaiBaoyanappliedtoHangzhouBinjiangDistrictCourtforenforcement.OnFebruary16,2023,HangzhouBinjiangDistrictCourtnotifiedFuhaitangCateringtodeclareitsproperty,andFuhaitangCateringhaddeclareditspropertyasrequiredbythecourt.HangzhouFuhaitangCateringCompanywasinsevereinsolvencyandfiledforbankruptcyinthenameofthedebtoronJune13,2023.
(11)SalescontractdisputesbetweenShuangyashanShenliangGrainBaseCo.,Ltd.(hereinafterreferredtoas“ShuangyashanCompany”)andTongliaoFadaGrainPurchaseandStorageCo.,Ltd.OnNovember26,2021,theplaintiffTongliaoFadaGrainPurchaseandStorageCo.,Ltd.filedalawsuitwithKeerqinDistrictPeople’sCourtofTongliaoCity,InnerMongoliaAutonomousRegion,withShuangyashanCompanyasthedefendant,requesting:1.TocancelthesixpurchasecontractssignedwithShuangyashanCompany;2.ShuangyashanCompanytoreturnthecornpurchasepaymentof25.2millionyuan;3.ShuangyashanCompanytopaytheinterestonoccupationoffundsof4,713,600yuan(tentativelyuntilNovember1,2021);4.ShuangyashanCompanytobearthelitigationcostsofthiscase.ShuangyashanCompanyfiledanobjectiontojurisdictionwithKeerqinDistrictPeople’sCourtofTongliaoCity,InnerMongoliaAutonomousRegion.OnMarch24,2022,KeerqinDistrictPeople’sCourtofTongliaoCity,InnerMongoliaAutonomousRegionmadearulingthatShuangyashanCompany’sobjectiontojurisdictionwasestablished,andthecasewastransferredtothePeople’sCourtofBaoqingCounty,ShuangyashanCity,HeilongjiangProvince.OnApril1,2022,TongliaoFadaGrainPurchaseandStorageCo.,Ltd.filedanappealwithTongliaoIntermediatePeople’sCourt,requestingtorevoketherulingontheobjectiontojurisdiction.ThiscasewasheardincourtonFebruary20,2023.Asoftheapprovaldateofthefinancialreport,thecourthasnotyetmadearuling.OnMay10,2023,asubpoenawasreceivedfromthePeople’sCourtofBaoqingCounty,andTongliaoFadaGrainPurchaseandStorageCo.,Ltd.addedShanghaiJiexiIndustrialCo.,Ltd.asthethirdparty.ThetrialwasheldonMay19,2023.OnAugust3,2023,thePeople’sCourtofBaoqingCountyruledtodismissthelawsuitrequestofInnerMongoliaColdLandBlackSoilSupplyChainManagementCo.,Ltd.(formerlyknownasTongliaoFadaGrainPurchaseandStorageCo.,Ltd.).Thelitigationcostsofthiscase,191,368yuan,shallbebornebyInnerMongoliaColdLandBlackSoilSupplyChainManagementCo.,Ltd.
(12)ProjectconstructioncontractdisputesbetweenWuhanJiangxiaYijianConstructionEngineeringCo.,Ltd.andWuhanJiachengBiologicalProductsCo.,Ltd.
1)OnJanuary10,2022,theplaintiffWuhanJiangxiaYijianConstructionEngineeringCo.,Ltd.filedalawsuitwithJiangxiaDistrictPeople’sCourtofWuhanCityagainstWuhanJiachengBiologicalProductsCo.,Ltd.asthedefendant,requesting:①Thedefendanttoimmediatelypaytheprojectmoneyof4,421,900yuanowedtothe
plaintiff;②Thedefendanttopayliquidateddamages(basedonthearrearsoftheprojectpaymentof4,421,900yuan),andcalculatedatanannualinterestrateof15.4%fromOctober10,2019tothedateofpayment,andtemporarilycalculatedtobe1,514,900yuanuntilDecember30,2021)forthedelayedpaymentoftheprojectpaymenttotheplaintiff.Theabovetwoitemsaddupto5,936,800yuan.③Thedefendanttobearallexpensesofthecase,includinglitigationfee,appraisalfee,andpreservationfee.Theplaintiffappliedforpropertypreservation(thepreservationamountwasmorethan5.9millionyuan),andtheJiangxiaDistrictCourtruledtofreezeallbankaccountsofWuhanJiachengBiologicalProductsCo.,Ltd.TheJiangxiaDistrictPeople’sCourtofWuhanCitysetthecourtdateasFebruary28,2022,andthecasenumberis(2022)E0115MCHNo.182.
2)OnFebruary25,2022,thecounterclaimplaintiffWuhanJiachengBiologicalProductsCo.,Ltd.filedacounterclaimagainstWuhanJiangxiaYijianConstructionEngineeringCo.,Ltd.asthecounterclaimdefendant,requesting:①ToconfirmthattheHubeiProvinceConstructionProjectContract,withtheprojectcostof25,965,100yuan,signedbytheplaintiffandthedefendantonJuly4,2017forJiachengBio-IndustrialParkConstructionProject(PhaseI)isinvalid;②Toorderthedefendantofthecounterclaimtosubmitthecompletecompletiondataandcompletionreporttotheplaintiffofthecounterclaimandassistinhandlingthecompletionacceptanceoftheprojectandtherelevantproceduresforarchivingandfilingtheengineeringdataintheurbanconstructionarchives;③Tocompensateforthelosses(fromApril1,2018toOctober25,2019,calculatedat1,000yuanperday;fromOctober26,2019tothedateofacceptanceanddeliveryofproject,with21,543,200yuanasthebase,calculatedaccordingtothequotedinterestrateoftheloanmarketforthesameperiodannouncedbytheNationalInterbankFundingCenter,andit’sabout2.3millionyuancalculatedtothedateofindictment)causedtotheplaintiffduetothedelayeddeliveryoftheWuhanJiachengBio-IndustrialParkConstructionProject(PhaseI);4.Tobearthelitigationfees,preservationfeesandotherexpensesforthecounterclaim.OnJuly6,2022,WuhanJiangxiaDistrictPeople’sCourtmadeajudgment:
(1)ThedefendantWuhanJiachengBiologicalProductsCo.,Ltd.shallpay4,421,900yuantotheplaintiffWuhan
JiangxiaYijianConstructionEngineeringCo.,Ltd.withintendaysafterthejudgmenttakeseffect;
(2)ThedefendantWuhanJiachengshallpaytheliquidateddamagestotheplaintiffWuhanJiangxiaYijian
ConstructionEngineeringCo.,Ltd.(basedon4,421,900yuan,accordingto1.3timesofLPR,fromSeptember19,2020tothefulfillmentofperformance)within10daysafterthejudgmenttakeseffect;
(3)TheplaintiffWuhanJiangxiaYijianConstructionEngineeringCo.,Ltd.shallhavetheprioritytoreceive
compensationforthediscountorauctionpriceoftheaboveprojectsundertakenbyitwithinthescopeofItems1and2oftheaforesaidjudgment;
(4)CounterclaimdefendantWuhanJiangxiaYijianConstructionEngineeringCo.,Ltd.shallsubmitcomplete
completionmaterialsandcompletionreporttothecounterclaimplaintiffWuhanJiachengwithin10days
afterthejudgmenttakeseffect,andassistinhandlingrelevantfilingproceduresofprojectcompletionacceptanceandengineeringmaterialsintheurbanconstructionarchives;
(5)RejectotherclaimsofplaintiffWuhanJiangxiaYijianConstructionEngineeringCo.,Ltd.;
(6)RejectotherclaimsofcounterclaimplaintiffWuhanJiacheng.Ifthepaymentobligationisnotperformedwithintheperiodspecifiedinthejudgment,theinterestonthedebtduringthedelayinperformanceshallbedoublepaidinaccordancewithArticle260oftheCivilProcedureLawofthePeople’sRepublicofChina.Thecaseacceptancefeeis53,400yuan,thecounterclaimacceptancefeeis12,600yuan,andthepreservationfeeis5,000yuan,totaling71,000yuan.TheplaintiffWuhanJiangxiaYijianConstructionEngineeringCo.,Ltd.shallbear2,000yuan,andthedefendantWuhanJiachengshallbear69,000yuan.OnJuly16,2022,WuhanJiachengappealedtoWuhanIntermediatePeople’sCourt.ThecasewasheardonJanuary12,2023.OnJanuary18,2023,HubeiWuhanIntermediatePeople’sCourtmadeajudgmenttorejecttheappealandupholdtheoriginaljudgment.WuhanJiangxiaYijianConstructionEngineeringCo.,Ltd.hasappliedforenforcement.OnFebruary21,2023,thePeople’sCourtofJiangxiaDistrict,WuhanCity,HubeiProvincemadeajudgmenttofreezeorwithholdthebankdepositsof6.00millionyuanofWuhanJiachengsubjecttoenforcement,ortosealup,seize,freeze,auctionandsellotherassetsofthesameamount.Thejudgmentshallbeenforcedimmediately.OnFebruary21,2023,thecourtissuedapropertyreportordertoWuhanJiacheng.WuhanJiachenghaspaid4.42millionyuantotheexecutionaccountofthePeople’sCourtofJiangxiaDistrict,WuhanCity,HubeiProvince,andtheWuhanJiachengaccounthasbeenunfrozen.WuhanJiachenghassubmittedanapplicationforobjectiontoexecutiontothePeople’sCourtofJiangxiaDistrict,WuhanCity,HubeiProvince.OnMarch8,2023,WuhanJiachengappliedforcompulsoryexecutionofthefourthiteminthejudgmentofthePeople’sCourtofJiangxiaDistrict,WuhanCity.ThePeople’sCourtofJiangxiaDistrictfiledthecaseforacceptance([2023]E0115ZhNo.1719)onMarch16,2023.Applicationforenforcementmattersisasfollows:
1.WuhanJiangxiaYijianConstructionEngineeringCo.,Ltd.shallsubmitcompletecompletiondocumentsandcompletionreportstotheapplicant,andassistinhandlingtherelevantproceduresforprojectcompletionacceptanceandengineeringdataarchivingandfilingintheurbanconstructionarchives;
2.WuhanJiangxiaYijianConstructionEngineeringCo.,Ltd.shallcompensateWuhanJiachengtwiceforthe
lossescaused(losscalculationmethod:basedonthetotalconstructionarea,therentshallbecalculatedat
20.00yuanpersquaremeterpermonth,fromthedatewhenthepartysubjectedtoenforcementshouldfulfilltheirobligationstotheactualdateofperformance;thedailysinglelossis10,396.00yuan(15,594squaremeters)×20.00yuan÷30days);
3.AstheeffectivejudgmentdeterminesthatbothWuhanJiachengandWuhanJiangxiaYijianConstruction
EngineeringCo.,Ltd.shouldfulfilltheirobligationssimultaneously,andtheperiodforfulfillingtheobligationshasalreadyexpired,inaccordancewiththeprinciplesofgoodfaithandfairness,WuhanJiachengshallpaytheprojectfundsandliquidateddamagesthatshouldbepaidtoWuhanJiangxiaYijianConstructionEngineeringCo.,Ltd.tothecourt’saccount.IncaseWuhanJiangxiaYijianConstructionEngineeringCo.,Ltd.failstofullyfulfillthefourthobligationoftheeffectivejudgment,thecourtshallnotdistributetheprojectfundstothepartysubjecttoenforcementsoastoensurethatbothpartieswillfulfilltheirobligationssimultaneously;
4.IfWuhanJiangxiaYijianConstructionEngineeringCo.,Ltd.delaysfulfillingthefourthobligationofthe
effectivejudgment,WuhanJiachengrequeststhecourttoentrustathirdpartytoperformonbehalfandtheexpensesincurredbythethirdpartyinperformingtheobligationandthedoublecompensationtobepaidbyWuhanJiangxiaYijianConstructionEngineeringCo.,Ltd.forthelossescausedtoWuhanJiachengshallbedeductedfromtheprojectpaymentpaidbytheapplicantforenforcement;
5.WuhanJiangxiaYijianConstructionEngineeringCo.,Ltd.shallbeartheenforcementfeesforthiscase.OnMarch30,2023,WuhanJiachengappliedforretrial.OnApril6,2023,theHigherPeople’sCourtofHubeiProvinceacceptedtheretrialapplication.OnJune30,2023,theHigherPeople’sCourtofHubeiProvincemadeacivilruling((2023)EMShNo.2077),rejectingtheretrialapplicationofWuhanJiachengBiologicalProductsCo.,Ltd.
(13)DisputesoverloancontractbetweenChangzhouShenbaoChacangE-business(hereinafterreferredtoas“ChangzhouCompany”)andShenzhenAgriculturalProductsFinancingGuaranteeCo.,Ltd.(hereinafterreferredtoas“AgriculturalProductsGuaranteeCompany”)OnJuly15,2016,theAgriculturalProductsGuaranteeCompanysubmittedaCivilComplainttoShenzhenFutianDistrictPeople’sCourt,requestingtoorder:1).ChangzhouCompanytorepaytheloanprincipalof5,000,000.00yuanandtheinterestof390,000yuan,andthepenaltyinterestof3,200,300yuan(ThepenaltyinterestistemporarilycalculateduntilJune30,2016,andactuallycalculatedtothedatewhentheloanisfullypaid);2.ChangzhouCompanytopaycompensationof100,000.00yuan(5,000,000yuan×2%);totaling8,690,200yuan;
3.ShenzhenShenbaoIndustrialCo.,Ltd.(nowrenamedinto“ShenzhenCerealsHoldingsCo.,Ltd.”,hereinafterreferredtoas“SZCH”)tobejointlyandseverallyliablefortheloanof5,000,000.00yuan.ShenzhenFutianDistrictPeople’sCourtissuedafirst-instancejudgmentonMay31,2017,rulingthatChangzhouCompanyshouldrepaytheloanprincipalof5millionyuanandinterestof353,900yuan,andinterestpenalty(interestpenaltyisbasedon5millionyuanastheprincipal,calculatedfromSeptember7,2013tothedateofactualrepaymentatanannualrateof21.6%withinten(10)daysafterthejudgementcameintoeffect.Iftherepaymentismadeininstallments,theinterestofcorrespondingpartwillbecalculatedtothedateofeachrepayment)totheplaintiffAgriculturalProductsGuaranteeCompanywithin10daysfromtheeffectivedateofthejudgment,andChangzhouCompanyshallbearthelawyer’sfeeof71,900yuanandthepreservationfeeof5,000
yuan;thejudgmentrejectedtherequestoftheAgriculturalProductsGuaranteeCompany’srequestShenbaoCompanytobearjointandseveralliability.TheAgriculturalProductsGuaranteeCompanyrefusedtoacceptthefirstinstancejudgmentandfiledanappealtotheShenzhenIntermediatePeople’sCourt.OnMay10,2019,theShenzhenIntermediatePeople’sCourtservedtheciviljudgment(finaljudgment),andtheShenzhenIntermediateCourtmadesomechangestothefirst-instancejudgment,rulingthatSZCHshallbejointlyandseverallyliableforthedebtsofChangzhouCompanywithintherangeof3.5millionyuan;SZCHhastherighttorecoverfromChangzhouCompanyafterpayingoffthedebtsonitsbehalf.InMay2021,theAgriculturalProductsGuaranteeCompanyappliedtothePeople’sCourtofFutianDistrictofthefirstinstanceforcompulsoryexecutionof5,193,400yuan.Accordingtotherequestofthecourt,ChangzhouCompanydeclaredthepropertystatustothecourt.TheAgriculturalProductsGuaranteeCompanyreachedavoluntarysettlementwithChangzhouCompanyandSZCH.OnSeptember29,2021,theAgriculturalProductsGuaranteeCompanysubmittedanapplicationtothePeople’sCountofFutianDistrictforconsenttothesettlementandterminationofexecution.OnOctober20,2021,thePeople’sCourtofFutianDistrictissuedanenforcementrulingtoterminatetheenforcementofthecase.
(14)LeasecontractdisputecaseinwhichShenzhenYanxinIndustrialCo.,Ltd.suedSZCGOnApril12,2022,theplaintiffShenzhenYanxinIndustrialCo.,Ltd.filedalawsuitwiththePeople’sCourtofLonggangDistrictwithSZCGasthedefendant,requesting:Thedefendantshallpaythefollowingamounttotheplaintiff,totaling1,583,800yuan.1)Tocompensatetheplaintiffforthehouserenovationfee:1,263,800yuan(includingfirefightingconstructionfee:1,840,000yuan,purchasefeeoffirefightingequipment:900,000yuan(buildings1-6),anddecorationconstructionfee:3,062,000yuan).2)Tocompensatetheplaintiffforthemaintenanceofwaterandelectricityfacilities:120,000yuan(180,000yuanperyearforthemaintenanceofthreebuildings);3)Tocompensatetheplaintiffforchangingthehousingpropertyfromindustrialtocommercial:
200,000yuan;4)Thelegalcostsofthecaseshallbebornebythedefendant.ThePeople’sCourtofLonggangDistrictheldatrialonthiscaseonNovember1,2022.OnJanuary11,2023,thePeople’sCourtofLonggangDistrict,Shenzhenmadeajudgment:1.ThedefendantSZCGshallpaytheplaintiffShenzhenYanxinIndustrialCo.,Ltd.acompensationof640,000yuanforhousingrenovationwithinsevendaysfromtheeffectivedateofthisjudgment;2.RejectotherlitigationrequestsfromtheplaintiffShenzhenYanxinIndustrialCo.,Ltd.Boththeplaintiffanddefendanthavefiledappeals.
(15)LoancontractdisputecaseinwhichWuhanJiachengsuedWuhanXinzhiquanIndustrialCo.,Ltd.andWuhanChenshengMiningInvestmentCo.,Ltd.
WuhanJiachengfiledalawsuitwiththePeople’sCourtofQingshanDistrictwithWuhanXinzhiquanIndustrialCo.,Ltd..andWuhanChenshengMiningInvestmentCo.,Ltd.asthedefendants,requesting:1)DefendantWuhanXinzhiquanIndustrialCo.,Ltd.shallrepaytheloanof5.00millionyuan;2)DefendantWuhanXinzhiquanIndustrialCo.,Ltd.shallpaytheinterestcalculatedattheannualinterestrateof24%fromAugust29,2014tothedatewhentheprincipalispaidoff;3)DefendantWuhanChenshengMiningInvestmentCo.,Ltd.shallbejointlyandseverallyliablefortheabovedebtsofdefendantWuhanXinzhiquanIndustrialCo.,Ltd.;4)Thedefendantsshallbearthelegalcostsofthecase.OnMay30,2019,thePeople’sCourtofQingshanDistrictmadethejudgment([2019]E0107MCHNo.104):1)thedefendantWuhanXinzhiquanIndustrialCo.,Ltd.shallrepaytheloanof5.00millionyuantotheplaintiffWuhanJiachengwithinten(10)daysafterthejudgmenttakeseffect;2)thedefendantWuhanXinzhiquanIndustrialCo.,Ltd.shallpaytheinteresttotheplaintiffWuhanJiachengwithinten(10)daysafterthejudgmenttakeseffect(basedontheunpaidamount,theinterestshallbecalculatedfromAugust29,2014attheannualrateof24%,untilthedateofactualrepayment);3)DefendantWuhanChenshengMiningInvestmentCo.,Ltd.shallbejointlyandseverallyliablefortherepaymentofItem(1)and(2),andshallhavetherighttorecovertheliabilityfromthedefendantWuhanXinzhiquanIndustrialCo.,Ltd.afterassumingtheliability.WuhanJiachengappliedtothePeople’sCourtofQingshanDistrict,WuhanCity,forenforcement.OnJune4,2020,sincethecompanysubjecttoenforcementhadnopropertyforenforcementforthetimebeing,thePeople’sCourtofQingshanDistrict,WuhanCity,madetheenforcementjudgment([2019]E0107ZNo.2117)enforcementjudgmenttoterminatetheenforcementprocedure.
(16)LiabilitydisputecaseinwhichWuhanJiachengsuedshareholdersChenWei,TianXinhua,YuYongandChenXinforimpairingtheinterestscreditorsofthecompanyAccordingtotheciviljudgement([2019]E0107MCHNo.104),WuhanXinzhiquanIndustrialCo.,Ltd.oweddebtstoWuhanJiacheng.WuhanJiachengappliedtothePeople’sCourtofQingshanDistrict,WuhanCity,forenforcementonthebasisoftheciviljudgment.ThecourtmadeajudgmenttoterminatetheenforcementproceduresinceWuhanXinzhiquanIndustrialCo.,Ltd.hadnopropertyforenforcement.ThecourtascertainedthattheactualcontributorofWuhanXinzhiquanIndustrialCo.,Ltd.wasWuhanPenglingCompany,inwhichChenWei,YuYongandChenXinweredummyshareholdersandTianXinhuawasfakeshareholder.TheshareholdersofWuhanXinzhiquanIndustrialCo.,Ltd.failedtofulfilltheircontributionobligationsof9.3millionyuan.WithChenWei,TianXinhua,YuYongandChenXinasdefendants,WuhanJiachengfiledalawsuitwiththePeople’sCourtofQingshanDistrict,QuhanCity,requesting:1)thedefendantsChenWei,TianXinhuashallbejointlyandseverallyliableforthesupplementarycompensationfordebtsofWuhanXinzhiquanIndustrialCo.,Ltd.totheplaintiffdeterminedinciviljudgment([2019]E0107MCHNo.104)madebythePeople’sCourtofQingshanDistrict,WuhanCity(basedontheprincipal5.00millionyuan,theinterestshallbecalculatedattheannualrateof24%fromAugust29,2014untiltheactualrepaymentdate)withinthescopeofprincipalandinterestof9.3millionyuannotcontributed;2)DefendantsYuYongandChenXinshallbejointlyandseverally
liablefortheabovesupplementarycompensationliabilityofTianXinhua;3)Thedefendantsshallbearthelegalcostsofthecase.In2020,thePeople’sCourtofQingshanDistrict,WuhanCity,madethejudgement([2020]E0107MCHNo.3458):
1.ThedefendantChenWeishall,within10daysfromtheeffectivedateofthejudgment,bearthesupplementarycompensationliabilitytotheplaintiffWuhanJiachengforthedebtofWuhanXinzhiquanIndustrialCo.,Ltd.determinedinciviljudgment([2019]E0107MCHNo.104)madebyWuhanQingshanDistrictPeople’sCourtwithinthescopeofprincipalandinterestof4.00millionyuannotcontributed;2.ThedefendantChenXinshall,withinten(10)daysfromtheeffectivedateofthejudgment,bearjointandseveralliabilitytotheplaintiffWuhanJiachengforthedebtsofWuhanXinzhiquanIndustrialCo.,Ltd.determinedinciviljudgment([2019]E0107MCHNo.104)madebythePeople’sCourtofQingshanDistrict,WuhanCity,withinthescopeofprincipalandinterestof5.3millionyuannotcontributedbytheactualcontributorWuhanPenglingGroupCo.,Ltd.3.OtherclaimsoftheplaintiffWuhanJiachengarerejected.Afterthejudgmenttookeffect,WuhanJiachengappliedtothePeople’sCourtofQingshanDistrict,WuhanCity,forenforcement.OnSeptember14,2022,thePeople’sCourtofQingshanDistrict,WuhanCity,madethejudgement([2022]E0107ZNo.1287)toauctionandselloffthehousesunderthenameofChenXinsubjecttoenforcement.ChenXin’sshopsinHuangpiandtheparkinglotslocatedinthefirstandsecondphaseofRongkeTianchenginJiang’anDistricthavebeenauctioned;OnJanuary4,2023,ChenXin’sex-husband,YuanDing,appliedtothe
thePeople’sCourtofQingshanDistricttorequire50%oftheauctionfundsonthegroundsthattheshoplocatedinHuangpiandtheparkinglotslocatedinsecondphaseofRongkeTianchengwerejointlyownedaftermarriage.Thecourthasnotyetdisbursedtheauctionfunds.Besides,auctionproceedingsagainstChenWei’spropertyhavebeeninitiatedandthecreditorshavenowappliedtoresumeenforcement.
(17)ContractdisputeinwhichShenzhenNanshanDistrictHousingandConstructionBureausuedSZCGIn2008,SZCGandShenzhenYulundaInvestmentDevelopmentCo.,Ltd.(hereinafterreferredtoas“Yulunda”)signedthe“SupplementaryAgreement(IV)ontheProjectofCooperativeRenovationofDingtouVillageGranary”(hereinafterreferredtoasthe“SupplementaryAgreement(IV)”),agreeingthatSZCGprovidedlanduserightsandYulundaprovidedalltheconstructionfundsinKangdayuanProject.BothpartiesopenedaregulatoryaccountjointlymanagedbySZCGandYulunda(hereinafterreferredtoasthe“co-managedaccount”).OnApril26,2019,ShenzhenNanshanDistrictHousingandConstructionBureausignedthe“RepurchaseAgreement”withSZCG.ShenzhenNanshanDistrictHousingandConstructionBureauselected6housesforrepurchasefromtheremaining40housesinKangdayuanProject,andtherepurchasefundswerepaidtotheco-managedaccount,andSZCGissuedrelevantreceipts.AfterthesigningoftheRepurchaseAgreement,ShenzhenNanshanDistrictHousingandConstructionBureauorallyrequestedSZCGtoissuetheinvoicefortherepurchasefundsforseveraltimes.However,duetothetaxburdenandhistoricalproblems,SZCGhasnotbeenabletoissuetheinvoice,thehousesarestillunderthecontrolofYulunda,andShenzhenNanshanDistrictHousingandConstructionBureauhasnotpaidtherepurchasefunds.OnSeptember1,2022,ShenzhenNanshanDistrictHousingandConstructionBureaufiledalawsuitwiththePeople’sCourtofFutianDistrictwithSZCGasthedefendant,requestingthecourtto:
1.JudgethedefendantSZCGtofulfillitsobligationofassistanceandissuethecorrespondinglegaltax-includedinvoicetotheplaintiffaccordingtotheamountoftherepurchasefunds,withtheinvoiceamountofRMB3,898,814.22yuan.
2.Thedefendantshallbearthelegalcostsinthiscase.SZCGfiledajurisdictionobjectionwiththePeople’sCourtofFutianDistrict.OnMay11,2023,thePeople’sCourtofFutianDistrictmadearulingtorejecttheobjectionraisedbythedefendantSZCGtothejurisdictionofthecase.OnMay18,2023,SZCGappealedtoShenzhenIntermediatePeople’sCourt,requesting:1.RevokethecivilrulingofthePeople’sCourtofFutianDistrictonrejectingjurisdictionobjection[(2023)Y0304MCHNo.7416];2.TransferthecasetothePeople’sCourtofNanshanDistrict.OnJune20,2023,ShenzhenIntermediatePeople’sCourtmadearulingtorejecttheappealandupholdtheoriginalruling.OnJuly3,2023,SZCGrequestedthePeople’sCourtofFutianDistricttoaddYulundaasthethirdpartytoparticipateinthelawsuitofthecase.OnJuly3,2023,SZCGfiledacounterclaimwiththePeople’sCourtofFutian,requesting:1.TerminatethecounterclaimoftheRepurchaseAgreementsignedbytheplaintiffandthedefendantonApril26,2019;2.Orderthecounterclaimdefendanttobearthecounterclaimcostsinthecase.ThecasewasheardonJuly18,2023,andthecourthasnotmadeajudgmentyet.
(18)ConstructioncontractdisputebetweenZhonggangConstructionandDongguanLogistics
ZhonggangConstructionGroupCo.,Ltd.(hereinafterreferredtoas“ZhonggangConstruction”)andDongguanLogisticssignedthe“AgreementonDesign,ConstructionandConstructionManagementofSZCGStorageSupportingTerminalProjectinFreshwaterEstuaryOperationAreainMachongPort,HumenPort”in2016,agreeingthatZhonggangConstructionshallundertaketheengineeringdesignandconstructionmanagementofDongguanLogisticsterminal.Sixengineeringchangeswereaddedintheproject,andthereweredifferencesinengineeringvolumeandengineeringsettlement.InordertoensurethenormalproductionandoperationofDongguanLogistics,bothpartiessettledandpaidthepartthatwasnotindispute(i.e.104,969,795.62yuan),whilesuspendedthepaymentforthepartthatwasindispute(i.e.15,614,042.53yuan)throughnegotiationorlitigation.ZhonggangConstructioncooperatedwithDongguanLogisticstosuccessfullypassthecompletionacceptanceofthefirstphaseoftheterminal,andDongguanLogisticsobtainedthe"PortOperationLicenseofthePeople'sRepublicofChina".AsofJune2022,DongguanLogisticshaspaid104,969,795.62yuantoZhonggangConstruction.OnApril24,2023,DongguanLogisticsreceivedthe“CivilComplaint”andotherrelevantdocuments.ZhonggangConstructionfiledalawsuitwithDongguanLogisticsasthedefendanttotheFirstPeople’sCourtofDongguan,requesting:1.Orderthedefendanttopay15,614,042.53yuantotheplaintifffortheproject;2.Orderthedefendanttopaytheinterestontheoverduepaymenttotheplaintiff(temporarilyamountingto6,072,161.58asofFebruary24,2023);3.Orderthedefendanttobearalllitigationcostsofthecaseamountingto21,686,204.11yuan.OnApril26,2023,DongguanLogisticsappliedtotheFirstPeople’sCourtofDongguanforanextensionofproof.OnMay24,2023,DongguanLogistics,asacounterclaimplaintiff,filedacounterclaimwithZhonghongConstructionasthecounterclaimdefendanttotheFirstPeople’sCourtofDongguan,requesting:1.Orderthecounterclaimdefendanttopaythecounterclaimplaintiffliquidateddamagesof2,019,781.68yuan(basedontheprovisionalsettlementpriceoftheprojectof100,989,083.8yuan,calculatedaccordingto2%oftheprovisionalsettlementpriceoftheproject,andtheamountofliquidateddamagesisfinallycalculatedonthebasisofthetotalprojectpricedeterminedbythecourt);2.Orderthecounterclaimdefendanttobearallcounterclaimcostsinthecase.OnJune5,2023,ZhonggangConstructionaddedaclaim:Thedefendantshallcompensatetheplaintiffforthelossof6,020,000yuanforthedelayintheconstruction.OnJune5,2023,bothpartiesheldthefirstpre-trialmeetingintheFirstPeople’sCourtofDongguan.OnJune9,2023,theFirstPeople’sCourtofDongguaninformedthatsincetherespondentGuangdongProvincePlanning&DesignInstituteforWaterTransportationCo.,Ltd.hadaninterestinthecase,inordertoascertainthefactsofthecase,theplaintiff'sapplicationwasallowedtoaddGuangdongProvincePlanning&DesignInstituteforWaterTransportationCo.,Ltd.asthethirdpartyinthecasetoparticipateinthelawsuit.OnJune15,2023,theFirstPeople’sCourtofDongguanservedasummonsandheldthesecondpre-trialmeetingonJuly6,2023.OnJune30,2023,ZhonggangConstructionfiledalawsuittoGuangzhouMaritimeCourt,withDongguanLogisticsasthedefendantandGuangdongProvincePlanning&DesignInstituteforWaterTransportationCo.,Ltd.asthethirdparty,requesting:1.Orderthedefendanttopay15,614,042.53yuantotheplaintifffortheproject;
2.Orderthedefendanttopaytheinterestonoverduepaymenttotheplaintiff(thespecificcalculationmethodisdetailedinthe"InterestCalculationTable",temporarilycalculatedtoJune30,2023,inanamountof6,371,309.53
yuan);3.Orderthedefendanttocompensatetheplaintiffforthelossof6,020,000yuanforthedelayinconstruction;4.Orderthedefendanttobearalllitigationcostsofthecase.Thetotalamountoftheaboveclaims1to3is28,005,352.06yuan.OnJuly4,2023,ZhonggangConstructionappliedtotheFirstPeople’sCourtofDongguanforwithdrawalofthelawsuitduetothechangeofjurisdiction,andplannedtofileanotherlawsuitwiththeMaritimeCourt.OnJuly5,2023,DongguanLogisticsappliedtotheFirstPeople’sCourtofDongguantowithdrawthecounterclaiminresponsetotheaforementionedsituation,andsimultaneouslypreparedtorespondtothelitigationfromtheMaritimeCourt.OnJuly21,2023,GuangzhouMaritimeCourtsentasummons,anoticeofresponseandotherlegaldocumentstoSZCGLogistics(Dongguan)Co.,Ltd.Apre-trialmeetingandthehearingwillbeheldforthecaseinthelitigationservicecenterofGuangzhouMaritimeCourtinHaizhuDistrict,GuangzhouonSeptember11,2023.OnAugust11,2023,theFirstPeople’sCourtofDongguanmadeacivilrulingandagreedbothpartiestowithdrawthelawsuit.
(2)IftheCompanyhasnoimportantcontingencyneedtodisclosed,explainreasons
TheCompanyhasnoimportantcontingencythatneedtodisclose.
3.Other
XV.Eventsafterbalancesheetdate
1.Importantnon-adjustmentmatters
Unit:RMB/CNY
| Item | Content | Impactonfinancialstatusandoperationresults | Reasonsoffailuretoestimatetheimpact |
2.Profitdistribution
3.Salesreturn
4.Othereventsafterbalancesheetdate
XVI.Otherimportantevents
1.Previousaccountingerrorscorrection
(1)Retrospectiverestatement
Unit:RMB/CNY
| Contentofaccountingerrorcorrection | Procedures | Itemsimpactduringeverycomparativeperiod | Accumulatedimpact |
(2)Prospectiveapplication
| Contentofaccountingerrorcorrection | Approvalprocedure | Reasonsforadoptingtheprospectiveapplicablemethod |
2.Debtrestructuring
3.Assetsexchange
(1)Exchangeofnon-monetaryassets
(2)Otherassetsexchange
4.Pensionplan
5.Discontinuingoperation
Unit:RMB/CNY
| Item | Revenue | Expenses | Totalprofit | Incometaxexpenses | Netprofit | Profitofdiscontinuingoperationattributabletoownersofparentcompany |
Otherexplanation
6.Segment
(1)Recognitionbasisandaccountingpolicyforreportablesegment
(2)Financialinformationforreportablesegment
Unit:RMB/CNY
| Item | Offsetbetweensegments | Total |
(3)ExplainreasonsincasetheCompanyhasnosegments,orisunabletodisclosetotalassetsandliabilitiesofsegments
(4)Otherexplanation
7.Othermajortransactionandeventsmakesinfluenceoninvestor’sdecision
8.OtherXVII.Notestomainitemsoffinancialstatementsofparentcompany
1.Accountreceivable
(1)Accountreceivableclassifiedbycategory
Unit:RMB/CNY
| Category | Endingbalance | Openingbalance | ||||||||
| Bookbalance | Provisionforbaddebt | Bookvalue | Bookbalance | Provisionforbaddebt | Bookvalue | |||||
| Amount | Ratio | Amount | Accrualratio | Amount | Ratio | Amount | Accrualratio | |||
| Accountreceivablewithprovisionforbaddebtaccrualonasinglebasis | 28,453.08 | 0.06% | 28,453.08 | 100.00% | 28,453.08 | 0.03% | 28,453.08 | 100.00% | ||
| Including: | ||||||||||
| Accountreceivablewithprovisionforbaddebtaccrualonportfolio | 46,241,796.86 | 99.94% | 4,932.03 | 0.01% | 46,236,864.83 | 87,199,110.87 | 99.97% | 4,932.03 | 0.01% | 87,194,178.84 |
| Including: | ||||||||||
| Portfolioofsalesreceivable | 94,336.60 | 0.20% | 4,932.03 | 5.23% | 89,404.57 | 59,425.60 | 0.07% | 4,932.03 | 8.30% | 54,493.57 |
| Object-specificportfolio | 46,147,460.26 | 99.74% | 46,147,460.26 | 87,139,685.27 | 99.90% | 87,139,685.27 | ||||
| Total | 46,270,249.94 | 100.00% | 33,385.11 | 46,236,864.83 | 87,227,563.95 | 100.00% | 33,385.11 | 87,194,178.84 | ||
Accrualofprovisionforbaddebtonsingleitem:28,453.08yuan
Unit:RMB/CNY
| Name | Endingbalance | |||
| Bookbalance | Provisionforbaddebt | Accrualratio | Accrualcauses | |
| Otheraccrualonsinglebasis | 28,453.08 | 28,453.08 | 100.00% | Extremelylowpossibilityofrecovery |
| Total | 28,453.08 | 28,453.08 | -- | -- |
Accrualofprovisionforbaddebtonportfolio:4,932.03yuan
Unit:RMB/CNY
| Name | Endingbalance | ||
| Bookbalance | Provisionforbaddebt | Accrualratio | |
| Portfolioofsalesreceivable | 94,336.60 | 4,932.03 | 5.23% |
| Object-specificportfolio | 46,147,460.26 | ||
| Total | 46,241,796.86 | 4,932.03 | |
Explanationonthebasistodeterminesuchportfolio:
Accrualofprovisionforbaddebtonportfolio:
Unit:RMB/CNY
| Name | Endingbalance | ||
| Bookbalance | Provisionforbaddebt | Accrualratio | |
Explanationonthebasistodeterminesuchportfolio:
Iftheprovisionforbaddebtsofaccountreceivableismadeinaccordancewiththegeneralmodelofexpectedcreditlosses,pleaserefertothedisclosureofotheraccountreceivablestodiscloserelatedinformationaboutbad-debtprovisions:
□Applicable?NotapplicableByaccountage
Unit:RMB/CNY
| Accountage | Bookbalance |
| Withinoneyear(includingoneyear) | 46,232,944.26 |
| Over3years | 37,305.68 |
| 4-5years | 8,852.60 |
| Over5years | 28,453.08 |
| Total | 46,270,249.94 |
(2)Provisionforbaddebtaccrual,collectedorreversalintheperiod
Provisionforbaddebtaccrualintheperiod:
Unit:RMB/CNY
| Category | Openingbalance | Amountchangedintheperiod | Endingbalance | |||
| Accrual | Collectedor | Writtenoff | Other | |||
| reversal | |||||
| Otheraccrualonsinglebasis | 28,453.08 | 28,453.08 | |||
| Portfolioofsalesreceivable | 4,932.03 | 4,932.03 | |||
| Total | 33,385.11 | 33,385.11 |
Includingmajoramountprovisionforbaddebtcollectedorreversalintheperiod:
Unit:RMB/CNY
| Enterprise | Amountcollectedorreversal | Collectionway |
(3)Accountreceivableactuallywritten-offintheperiod
Unit:RMB/CNY
| Item | Amountwritten-off |
Includingmajoraccountreceivablewritten-off:
Unit:RMB/CNY
| Enterprise | Nature | Amountwritten-off | Causeofwritten-off | Procedureofwritten-off | Resultedbyrelatedtransaction(Y/N) |
Explanationonaccountreceivablewritten-off:
(4)Top5accountsreceivableatendingbalancebyarrearsparty
Unit:RMB/CNY
| Enterprise | Endingbalanceofaccountsreceivable | Proportionintotalreceivablesatendingbalance(%) | Endingbalanceofbaddebtreserve |
| Total |
(5)AmountofassetsandliabilitiesformedbytransferringofaccountreceivableandcontinuingtobeinvolvedOtherexplanation:
(6)Accountsreceivablederecognizedduetothetransferoffinancialassets
2.Otheraccountreceivable
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
| Otheraccountreceivable | 1,637,542,361.56 | 1,560,888,393.94 |
| Total | 1,637,542,361.56 | 1,560,888,393.94 |
(1)Interestreceivable
1)Bycategory
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance |
2)Importantoverdueinterest
| Borrower | Endingbalance | Overduetime | Overduecauses | Whetherimpairmentoccursanditsjudgmentbasis |
Otherexplanation:
3)Accrualofprovisionforbaddebt
□Applicable?Notapplicable
(2)Dividendreceivable
1)Bycategory
Unit:RMB/CNY
| Item(ortheinvestedentity) | Endingbalance | Openingbalance |
2)Importantdividendreceivablewithaccountageoveroneyear
Unit:RMB/CNY
| Item(ortheinvestedentity) | Endingbalance | Accountage | Reasonsfornotcollection | Whetherimpairmentoccursanditsjudgmentbasis |
3)Accrualofprovisionforbaddebt
□Applicable?NotapplicableOtherexplanation:
(3)Otheraccountreceivable
1)Bynature
Unit:RMB/CNY
| Nature | Endingbookbalance | Openingbookbalance |
| Marginanddeposit | 1,008,000.00 | 1,054,999.00 |
| Otherintercoursefunds | 1,664,379,255.30 | 1,587,678,288.68 |
| Total | 1,665,387,255.30 | 1,588,733,287.68 |
2)Accrualofprovisionforbaddebt
Unit:RMB/CNY
| Provisionforbaddebt | PhaseI | PhaseII | PhaseIII | Total |
| Expectedcreditlossesovernext12months | Expectedcreditlossesfortheentireduration(withoutcreditimpairmentoccurred) | Expectedcreditlossesfortheentireduration(withcreditimpairmentoccurred) | ||
| BalanceonJan.1,2023 | 213,626.85 | 27,631,266.89 | 27,844,893.74 | |
| BalanceonJan.1,2023intheperiod | ||||
| BalanceonJune30,2023 | 213,626.85 | 27,631,266.89 | 27,844,893.74 |
Changesinbookbalancewithsignificantchangesinlossreservesduringthecurrentperiod
□Applicable?NotapplicableByaccountage
Unit:RMB/CNY
| Accountage | Bookbalance |
| Withinoneyear(includingoneyear) | 1,638,892,849.95 |
| 2-3years | 1,000,000.00 |
| Over3years | 25,494,405.35 |
| 4-5years | 436,664.33 |
| Over5years | 25,057,741.02 |
| Total | 1,665,387,255.30 |
3)Provisionforbaddebtaccrual,collectedorreversalintheperiod
Provisionforbaddebtaccrualintheperiod:
Unit:RMB/CNY
| Category | Openingbalance | Amountchangedintheperiod | Endingbalance | |||
| Accrual | Collectedorreversal | Writtenoff | Other | |||
| Accrualofprovisionforbaddebtonsingleitem | 27,631,266.89 | 27,631,266.89 | |
| Accrualofprovisionforbaddebtonportfolio | 213,626.85 | 213,626.85 | |
| Total | 27,844,893.74 | 27,844,893.74 |
Includingprovisionforbaddebtreversedorcollectedintheperiodwithmajoramount:
Unit:RMB/CNY
| Enterprise | Amountreversalorcollected | Collectionway |
4)Otheraccountreceivableactuallywritten-offintheperiod
Unit:RMB/CNY
| Item | Amountwritten-off |
Includingimportantotheraccountreceivablewritten-off:
Unit:RMB/CNY
| Enterprise | Nature | Amountwritten-off | Written-offcauses | Procedureofwritten-off | Resultedbyrelatedtransaction(Y/N) |
Explanationonotheraccountreceivablewritten-off:
5)Top5otherreceivablesatendingbalancebyarrearsparty
Unit:RMB/CNY
| Enterprise | Nature | Endingbalance | Accountage | Ratiointotalendingbalanceofotheraccountreceivables | Endingbalanceofbaddebtreserve |
6)Otheraccountreceivablesrelatedtogovernmentgrants
Unit:RMB/CNY
| Enterprise | Governmentgrants | Endingbalance | Endingaccountage | Time,amountandbasisforcollectionpredicted |
7)Otherreceivablesde-recognizedduetothetransferoffinancialassets
8)Amountofassetsandliabilitiesformedbytransferofotherreceivableandcontinuingtobeinvolved
Otherexplanation:
3.Long-termequityinvestment
Unit:RMB/CNY
| Item | Endingbalance | Openingbalance | ||||
| Bookbalance | Impairmentprovision | Bookvalue | Bookbalance | Impairmentprovision | Bookvalue | |
| Investmentinsubsidiary | 4,039,319,425.09 | 5,500,000.00 | 4,033,819,425.09 | 4,039,319,425.09 | 5,500,000.00 | 4,033,819,425.09 |
| Investmentinjointventureandassociatedenterprise | 2,927,628.53 | 2,927,628.53 | 2,927,628.53 | 2,927,628.53 | ||
| Total | 4,042,247,053.62 | 8,427,628.53 | 4,033,819,425.09 | 4,042,247,053.62 | 8,427,628.53 | 4,033,819,425.09 |
(1)Investmentinsubsidiary
Unit:RMB/CNY
| Investedentity | Openingbalance(bookvalue) | Currentchanges(+/-) | Endingbalance(bookvalue) | Endingbalanceofimpairmentprovision | |||
| Additionalinvestment | Capitalreduction | Accrualofimpairmentprovision | Other | ||||
| ShenbaoIndustry&Trade | 5,500,000.00 | ||||||
| ShenliangFood | 80,520,842.36 | 80,520,842.36 | |||||
| ShenbaoHuacheng | 223,228,545.91 | 223,228,545.91 | |||||
| HuizhouShenbao | 60,000,000.00 | 60,000,000.00 | |||||
| ShenbaoTechnology | 50,000,000.00 | 50,000,000.00 | |||||
| ShenbaoInvestment | 3,291,415,036.82 | 3,291,415,036.82 | |||||
| SZCG | 306,980,000.00 | 306,980,000.00 | |||||
| DongguanLogistics | 21,675,000.00 | 21,675,000.00 | |||||
| WuhanJiacheng | 4,033,819,425.09 | 4,033,819,425.09 | 5,500,000.00 | ||||
| Total | 4,048,519,425.09 | 54,676,764.11 | 69,376,764.11 | 4,033,819,425.09 | 5,500,000.00 |
(2)Investmentinassociatedenterprisesandjointventure
Unit:RMB/CNY
| Investmentcompany | Openingbalance(bookvalue) | Currentchanges(+/-) | Endingbalance(bookvalue) | Endingbalanceofimpairmentprovision | |||||||
| Additionalinvestment | Capitalreduction | Investmentgainsrecognizedunderequity | Othercomprehensiveincomeadjustment | Otherequitychange | Cashdividendorprofitannouncedtoissued | Accrualofimpairmentprovision | Other | ||||
| I.Jointventure | |||||||||||
| II.Associatedenterprise | |||||||||||
| ShenzhenShenbao(Liaoyuan)IndustrialCompany | 57,628.53 | ||||||||||
| ShenzhenShenbao(Xinmin)FoodsCo.,Ltd | 2,870,000.00 | ||||||||||
| ChangzhouShenbaoChacangE-busin | |||||||||||
| essCo.,ltd. | ||
| Subtotal | 2,927,628.53 | |
| Total | 2,927,628.53 |
(3)Otherexplanation
4.Operatingrevenueandoperatingcost
Unit:RMB/CNY
| Item | CurrentPeriod | LastPeriod | ||
| Revenue | Cost | Revenue | Cost | |
| Mainbusiness | 80,328,054.38 | 235,795.14 | 94,652,563.62 | 235,795.14 |
| Otherbusiness | 137,609.18 | 80,008.26 | ||
| Total | 80,465,663.56 | 235,795.14 | 94,732,571.88 | 235,795.14 |
Revenue-relatedinformation:
Unit:RMB/CNY
| Category | Branch1 | Branch2 | Total | |
| Producttypes | ||||
| Including: |
Classificationbybusinessarea
| Classificationbybusinessarea |
| Including: |
Marketorcustomertype
| Marketorcustomertype |
| Including: |
Contracttypes
| Contracttypes |
| Including: |
Classificationbytimeofgoodstransfer
| Classificationbytimeofgoodstransfer |
| Including: |
| Classificationbycontractduration |
| Including: |
Classificationbysaleschannel
| Classificationbysaleschannel |
| Including: |
Total
Informationrelatedtoperformingobligations:
NilInformationrelatedtothetransactionpriceapportionedtotheremainingperformanceobligations:
Theamountofincomecorrespondingtoperformingobligationsthathavebeensignedattheendofthisreportingperiodbuthavenotyetbeenfulfilledorhavenotdonewithfulfillmentis0.00yuan,amongthem,0.00yuanofrevenueisexpectedtoberecognizedintheyearOtherexplanation:
5.Investmentincome
Unit:RMB/CNY
TotalItem
| Item | CurrentPeriod | LastPeriod |
| Financingincome | 975,629.57 | 2,279,175.50 |
| Total | 975,629.57 | 2,279,175.50 |
6.Other
XVIII.Supplementaryinformation
1.Currentextraordinarygains/losses
?Applicable□Notapplicable
Unit:RMB/CNY
| Item | Amount | Note |
| Gains/lossesfromthedisposalofnon-currentasset(Includingtheoffsettingportionoftheprovisionforimpairmentofassetsthathasbeenwithdrawn) | 1,587,775.37 | |
| Governmentalgrantsreckonedintocurrentgains/losses(exceptforthosewithnormaloperationbusinessconcerned,andconformtothenationalpolicies®ulationsandarecontinuouslyenjoyedatafixedorquantitativebasisaccordingtocertainstandards) | 5,788,072.14 |
| Profitandlossofassetsdelegationonothers’investmentormanagement | 3,107,648.76 | |
| ExceptfortheeffectivehedgingoperationsrelatedtonormalbusinessoperationoftheCompany,thegains/lossesoffairvaluechangesfromholdingthetradablefinancialassetsandtradablefinancialliabilities,andtheinvestmentearningsobtainedfromdisposingthetradingfinancialasset,tradingfinancialliabilityandfinancialassetsavailableforsale | 174,961.34 | |
| Othernon-operatingincomeandexpenditureexceptfortheaforementioneditems | 143,428.04 | |
| Less:Impactonincometax | 1,679,903.52 | |
| Impactonminorityshareholders’equity | 76,167.07 | |
| Total | 9,045,815.06 | -- |
Detailsofothergains/lossesitemsthatmeetsthedefinitionofextraordinarygains/losses:
□Applicable?NotapplicableTheCompanyhasnoothergains/lossesitemsthatmeetthedefinitionofextraordinarygains/losses.Explaintheitemsdefinedasrecurringgains/lossesitemsaccordingtothelistsofextraordinarygains/lossesinQ&AAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic---ExtraordinaryGains/Losses.
□Applicable?Notapplicable
2.ROEandearningspershare
| Profitsduringreportingperiod | WeightedaverageROE | Earningspershare | |
| Basicearningspershare(RMB/Share) | Dilutedearningspershare(RMB/Share) | ||
| Netprofitattributabletocommonshareholdersofthecompany | 3.47% | 0.1459 | 0.1459 |
| Netprofitattributabletocommonshareholdersofthecompanyafterdeductingnonrecurringgains/losses | 3.28% | 0.1380 | 0.1380 |
3.DifferenceoftheaccountingdataunderaccountingrulesinandoutofChina
(1)Differenceofthenetprofitandnetassetsdisclosedinfinancialreport,underbothIAS(InternationalAccountingStandards)andChineseGAAP(GenerallyAcceptedAccountingPrinciples)
?Applicable□Notapplicable
Unit:RMB/CNY
| Netprofit | Netassets | |||
| CurrentPeriod | LastPeriod | Endingbalance | Openingbalance | |
| ChineseGAAP | 168,149,768.31 | 237,527,782.93 | 4,643,162,339.43 | 4,762,973,461.81 |
| ItemsandamountadjustedbyIAS: | ||||
| Adjustmentforotherpayablefundofstockmarketregulation | 1,067,000.00 | 1,067,000.00 | ||
| IAS | 168,149,768.31 | 237,527,782.93 | 4,644,229,339.43 | 4,764,040,461.81 |
(2)Differenceofthenetprofitandnetassetsdisclosedinfinancialreport,underbothforeignaccountingrulesandChineseGAAP(GenerallyAcceptedAccountingPrinciples)
□Applicable?Notapplicable
(3)ExplanationondatadifferencesundertheaccountingstandardsinandoutofChina;asforthedifferencesadjustmentauditedbyforeignauditinginstitute,listednameoftheinstitute
4.Other