China Fangda Group Co., Ltd.
2021 First Quarter Report
April 2021
I Important Statement
The members of the Board and the Company guarantee that the quarterlyreport is free from any false information, misleading statement or materialomission and are jointly and severally liable for the information’s truthfulness,accuracy and integrity.
All the Directors have attended the meeting of the board meeting at whichthis report was examined.
Mr. Xiong Jianming, the Chairman of Board, Mr. Lin Kebin, the ChiefFinancial Officer, and Mr. Wu Bohua, the manager of accounting departmentdeclare: the Financial Report carried in this report is authentic and completed.
II. General Information
1. Financial Highlight
Whether the Company needs to make retroactive adjustment or restatement of financial data of previous years
□ Yes √ No
| This report period | Same period last year | Year-on-year change (%) | |
| Turnover (yuan) | 643,347,177.89 | 413,826,888.79 | 55.46% |
| Net profit attributable to shareholders of the listed company (yuan) | 75,153,468.91 | 94,777,419.75 | -20.71% |
| Net profit attributable to the shareholders of the listed company and after deducting of non-recurring gain/loss (yuan) | 58,982,525.69 | 95,563,557.35 | -38.28% |
| Net cash flow generated by business operation (yuan) | -423,296,463.74 | -339,105,046.99 | -24.83% |
| Basic earnings per share (yuan/share) | 0.07 | 0.08 | -12.50% |
| Diluted Earnings per share (yuan/share) | 0.07 | 0.08 | -12.50% |
| Weighted average net income/asset ratio | 1.39% | 1.81% | -0.42% |
| End of the report period | End of last year | Year-on-year change | |
| Total asset (yuan) | 11,298,662,748.85 | 11,866,857,250.39 | -4.79% |
| Net profit attributable to the shareholders of the listed company (RMB) | 5,456,823,373.42 | 5,380,857,155.39 | 1.41% |
The operating income for the current period increased by 55.46% over the same period of the previous year, and the net profitattributable to shareholders of the listed company decreased by 20.71% over the same period of the previous year. This was mainlydue to the accounting for the expected credit loss rate of accounts receivable and contract assets in the same period last year. Theestimated change resulted in an increase of TMB75,702,600 in recurring net profit in the first quarter of last year. After deducting theimpact, the net profit attributable to shareholders of the listed company for the current period increased by 293.99% over the sameperiod of the previous year.Accidental gain/loss item and amount
√ Applicable □ Inapplicable
In RMB
| Item | Amount from beginning of the year to the end of the report period | Notes |
| Non-current asset disposal gain/loss (including the write-off part for which assets impairment provision is made) | -114,249.43 | |
| Subsidies accounted into the current income account (except the | 1,784,051.29 |
| government subsidy closely related to the enterprise’s business and based on unified national standard quota) | ||
| Gain/loss from change of fair value of transactional financial asset and liabilities, and investment gains from disposal of transactional and derivative financial assets and liabilities and sellable financial assets, other than valid period value instruments related to the Company’s common businesses | 2,278,731.89 | |
| Write-back of impairment provision of receivables and contract assets for which impairment test is performed individually | 14,600,000.00 | |
| Other non-business income and expenditures other than the above | 706,830.36 | |
| Less: Influenced amount of income tax | 2,959,293.30 | |
| Influenced amount of minority shareholders’ equity (after-tax) | 125,127.59 | |
| Total | 16,170,943.22 | -- |
Explanation statement should be made for accidental gain/loss items defined and accidental gain/loss items defined as regulargain/loss items according to the Explanation Announcement of Information Disclosure No. 1 - Non-recurring gain/loss mentioned.
□ Applicable √ Inapplicable
No circumstance that should be defined as recurrent profit and loss according to Explanation Announcement of InformationDisclosure No. 1 - Non-recurring gain/loss occurs in the report period.
2. Total number of shareholders and shareholding of top 10 shareholders by the end of thereport period
1. Ordinary shareholders, preference shareholders with resumed voting rights and top 10 shareholders
In share
| Number of shareholders of common shares at the end of the report period | 57,739 | Number of shareholders of preferred stocks of which voting rights recovered in the report period | 0 | |||
| Top 10 Shareholders | ||||||
| Shareholder name | Nature of shareholder | Shareholding percentage | Shareholding number | Conditional shares | Pledging or freezing | |
| Share status | Quantity | |||||
| Shenzhen Banglin Technologies Development Co., Ltd. | Domestic non-state legal person | 10.87% | 118,307,546 | Pledged | 32,700,000 | |
| Shengjiu Investment Ltd. | Foreign legal person | 9.66% | 105,134,562 | |||
| Fang Wei | Domestic natural | 2.90% | 31,537,937 | |||
| person | ||||||
| Gong Qing Cheng Shi Li He Investment Management Partnership Enterprise (limited partner) | Domestic non-state legal person | 1.46% | 15,860,609 | |||
| VANGUARD EMERGING MARKETS STOCK INDEX FUND | Foreign legal person | 0.58% | 6,312,683 | |||
| VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND | Foreign legal person | 0.57% | 6,247,740 | |||
| Shenwan Hongyuan Securities (Hong Kong) Co., Ltd. | Foreign legal person | 0.53% | 5,783,896 | |||
| Qu Chunlin | Domestic natural person | 0.52% | 5,666,861 | |||
| First Shanghai Securities Limited | Foreign legal person | 0.36% | 3,938,704 | |||
| Shanghai Silver Leaf Investment Co., Ltd.-Silver Leaf Quantitative Hedging Phase 1 Private Securities Investment Fund | Others | 0.35% | 3,755,500 | |||
| Top 10 holders of unconditional shares | ||||||
| Shareholder name | Amount of shares without sales restriction | Category of shares | ||||
| Category of shares | Quantity | |||||
| Shenzhen Banglin Technologies Development Co., Ltd. | 118,307,546 | RMB common shares | 118,307,546 | |||
| Shengjiu Investment Ltd. | 105,134,562 | Domestically | 105,134,562 | |||
| listed foreign shares | |||
| Fang Wei | 31,537,937 | RMB common shares | 31,537,937 |
| Gong Qing Cheng Shi Li He Investment Management Partnership Enterprise (limited partner) | 15,860,609 | RMB common shares | 15,860,609 |
| VANGUARD EMERGING MARKETS STOCK INDEX FUND | 6,312,683 | Domestically listed foreign shares | 6,312,683 |
| VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND | 6,247,740 | Domestically listed foreign shares | 6,247,740 |
| Shenwan Hongyuan Securities (Hong Kong) Co., Ltd. | 5,783,896 | Domestically listed foreign shares | 5,783,896 |
| Qu Chunlin | 5,666,861 | RMB common shares | 5,666,861 |
| First Shanghai Securities Limited | 3,938,704 | Domestically listed foreign shares | 3,938,704 |
| Shanghai Silver Leaf Investment Co., Ltd.-Silver Leaf Quantitative Hedging Phase 1 Private Securities Investment Fund | 3,755,500 | RMB common shares | 3,755,500 |
| Notes to top ten shareholder relationship or "action in concert" | Among the shareholders, Shenzhen Banglin Technology Development Co., Ltd. and Shengjiu Investment Co., Ltd. are parties action-in-concert. Shenzhen Banglin Technology Development Co., Ltd. and Gong Qing Cheng Shi Li He Investment Management Partnership Enterprise are related parties. The Company is not notified of other action-in-concert or related parties among the other holders of current shares. | ||
| Explanation of the top 10 shareholders' participation in financing and securities lending business | Shenzhen Banglin Technology Development Co., Ltd. holds 55,000,000 shares of the Company through the customer credit transaction guarantee securities account of Ping An Securities Co., Ltd., and Shanghai Yinye Investment Co., Ltd.-Yinye Quantitative Hedging Phase 2 Private Securities Investment Fund through Xiangcai Securities Co., Ltd. The customer credit transaction guarantee securities account holds 3,755,500 shares of the Company. | ||
Agreed re-purchasing by the Company’s top 10 shareholders of common shares and top 10 shareholders of unconditional commonshares in the report period
□ Yes √ No
No agreed re-purchasing by the Company’s top 10 shareholders of common shares and top 10 shareholders of unconditional commonshares in the report period
2. Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end ofthe report period
□ Applicable √ Inapplicable
III Significant Events
1. Major changes in accounting items and financial data in the report period and reasons
√ Applicable □ Inapplicable
| Item | December 31, 2021 | December 31, 2020 | YOY change (%) | Reason |
| Transactional financial assets | 51,205,573.26 | 4,051,015.05 | 1164.02% | Mainly due to increase in Closing balance bank borrowings |
| Construction in process | 91,011,771.79 | 168,626,803.01 | -46.03% | Mainly due to the completion of the renovation of the self-use part of Fangda Town No. 1 Building and the conversion to fixed assets |
| Employees' wage payable | 26,000,808.23 | 60,188,812.64 | -56.80% | Annual bonus paid |
| Taxes payable | 31,636,000.44 | 358,662,944.42 | -91.18% | Mainly due to the current liquidation declaration and payment of the Fangda Twon project land value-added tax |
| Other current liabilities | 60,852,310.99 | 107,688,425.69 | -43.49% | Mainly due to the decrease of unterminated notes receivable at the end of the period |
| Long-term loans | 1,531,661,462.35 | 1,099,411,462.35 | 39.32% | Mainly due to long-term borrowing of the return portion of the current period |
| Item | Total amount in this year | Last period | YOY change (%) | Reason |
| Turnover | 643,347,177.89 | 413,826,888.79 | 55.46% | With the gradual stabilization of the domestic epidemic, the Company’s major industry revenues have increased significantly over the same period last year |
| Operating cost | 482,994,905.47 | 314,413,603.27 | 53.62% | Mainly due to the substantial increase in revenue |
| Administrative expense | 42,172,744.29 | 31,000,994.73 | 36.04% | Mainly due to the increase in related expenses |
| R&D cost | 35,042,482.29 | 14,980,824.81 | 133.92% | Mainly due to increased investment in research and development |
| Credit impairment ("-" for loss) | 19,539,581.61 | 54,750,204.80 | -64.31% | Mainly due to changes in the accounting estimates of the expected credit loss rate in the same period last year |
| Investment impairment loss ("-" for loss) | 22,587,469.07 | 38,328,588.76 | -41.07% | |
| Cash flow generated by investment activities, net | -92,492,491.98 | 97,240,746.73 | -195.12% | Mainly due to the current financial investment expenditure is greater than the recovery |
2. Progress of key issues and its impacts and solutions
□ Applicable √ Inapplicable
Progress in the implementation of share repurchase
√ Applicable □ Inapplicable
The second meeting of the Ninth Board of Directors of the Company held on June 23, 2020 deliberated and approved the "Planon Repurchase of Certain Domestically Listed Foreign Shares (B Shares) of the Company in 2020". In order to maintain theCompany's value and shareholders' rights and interests, the Company decided to use its own funds to repurchase some domesticallylisted foreign shares (B shares) in a centralized bidding transaction.From July 23, 2020 to September 22, 2020, the Company has cumulatively repurchased 14,404,724 B shares of the Company,accounting for 1.32% of the Company’s total share capital. The highest purchase price was HK$3.47 per share, and the lowest pricewas HK$3.16 per share, the average purchase price is HK$3.36 per share, and the actual cumulative payment for the repurchase ofshares is HK$48,359,819.24 (including transaction-related expenses).On April 12, 2021, the Company held the 2020 Annual General Meeting of Shareholders, and reviewed and approved the"Proposal on Canceling the Repurchased B Shares in 2020 to Reduce the Registered Capital and Amend the Articles of Association."According to the resolution, the Company will cancel the 14,404,724 B shares repurchased in 2020 and reduce the Company'sregistered capital accordingly.On April 23, 2021, the Company completed the share repurchase and cancellation procedures at the Shenzhen Branch of ChinaSecurities Depository and Clearing Co., Ltd., and disclosed the "Announcement on Completion of Repurchase Shares Cancellationand Share Changes" on April 27, 2021.
Progress in the implementation of the reduction of shareholding shares by means of centralized bidding
□ Applicable √ Inapplicable
3. Commitments that have not been fulfilled by actual controller, shareholders, related parties,acquirers of the Company
□ Applicable √ Inapplicable
There is no commitment that has not been fulfilled by actual controller, shareholders, related parties, acquirers of the Company
4. Financial assets investment
1. Securities investment
□ Applicable √ Inapplicable
The Company made no investment in securities in the report period
2. Derivative investment
√ Applicable □ Inapplicable
In RMB10,000
| Derivative investment operator name | Relationship | Related transaction | Type | Initial amount | Start date | End date | Initial investment amount | Amount in this period | Amount sold in this period | Impairment provision (if any) | Closing investment amount | Proportion of closing investment amount in the closing net assets in the report period | Actual gain/loss in the report period |
| Shanghai Futures Exchange | No | No | Shanghai aluminum | 8,112.09 | Friday, April 17, 2020 | Wednesday, March 31, 2021 | 8,112.09 | 4,637.29 | 3,474.8 | 0.64% | 619.09 | ||
| Banks | No | No | Forward foreign exchange | 5,803.03 | Wednesday, July 29, 2020 | Wednesday, March 31, 2021 | 5,803.03 | 2,749.53 | 3,053.49 | 0.56% | 84.54 | ||
| Total | 13,915.12 | -- | -- | 13,915.12 | 0 | 7,386.82 | 0 | 6,528.29 | 1.20% | 703.63 | |||
| Capital source | Self-owned fund | ||||||||||||
| Lawsuit involved | None | ||||||||||||
| Disclosure date of derivative investment approval by the Board of | Tuesday, March 23, 2021 | ||||||||||||
| Wednesday, October 21, 2020 | |||||||||||||
| Directors | |
| Disclosure date of derivative investment approval by the shareholders’ meeting | None |
| Risk analysis and control measures for the derivative holding in the report period (including without limitation market, liquidity, credit, operation and legal risks) | The company's aluminum futures hedging and foreign exchange derivatives trading business are all derivatives investment business. The company has established and implemented the "Derivatives Investment Business Management Measures" and "Commodity Futures Hedging Business Internal Control and Risk Management System". It has made clear regulations on the approval authority, business management, risk management, information disclosure and file management of derivatives trading business, which can effectively control the risk of the company's derivatives holding positions. |
| Changes in the market price or fair value of the derivative in the report period, the analysis of the derivative’s fair value should disclose the method used and related assumptions and parameters. | Fair value of derivatives are measured at open prices in the open market |
| Material changes in the accounting policies and rules related to the derivative in the report period compared to last period | None |
| Opinions of independent directors on the Company’s derivative investment and risk controlling | None |
5. Progress of investment projects with raised funds
□ Applicable √ Inapplicable
6. Forecast of operating performance between January and June in 2021
Warning and reasons of possible net loss or substantial change from the last period between the beginning of the year and the end ofthe next report period
□ Applicable √ Inapplicable
7. Major contracts for daily operations
□ Applicable √ Inapplicable
8. Entrusted wealth management
√ Applicable □ Inapplicable
In RMB10,000
| Type | Source of fund | Amount | Undue balance | Due balance to be recovered |
| Bank financial products | Self-owned fund | 77,235.1 | 5,120.56 | 0 |
| Total | 77,235.1 | 5,120.56 | 0 | |
Specific circumstances of high-risk entrusted financing with large individual amount or low security, poor liquidity, and no costprotection
□ Applicable √ Inapplicable
Entrusted financial management expected to fail to recover the principal or likely result in impairment
□ Applicable √ Inapplicable
9. Incompliant external guarantee
□ Applicable √ Inapplicable
The Company made no incompliant external guarantee in the report period.
10. Non-operating capital use by the controlling shareholder or related parties in thereporting term
□ Applicable √ Inapplicable
The controlling shareholder and its affiliates occupied no capital for non-operating purpose of the Company during the report period.XI. Reception of investigations, communications, or interviews in the reporting period
√ Applicable □ Inapplicable
| Time/date | Place | Way | Visitor | Visitor | Main content involved and materials provided | Disclosure of information |
| Thursday, March 25, 2021 | Online | Others | Others | Online investors | For details, please refer to the Investor Relations Activity Record Sheet of Fangda Group Performance Presentation | Shenzhen Stock Exchange's interactive platform |
IV Financial Statements
1. Financial statements
1. Consolidated Balance Sheet
Prepared by: China Fangda Group Co., Ltd.
Wednesday, March 31, 2021
In RMB
| Item | Wednesday, March 31, 2021 | Thursday, December 31, 2020 |
| Current asset: | ||
| Monetary capital | 1,050,347,975.31 | 1,459,840,020.10 |
| Settlement provision | ||
| Outgoing call loan | ||
| Transactional financial assets | 51,205,573.26 | 4,051,015.05 |
| Derivative financial assets | 7,520,875.00 | 6,974,448.22 |
| Notes receivable | 181,149,565.46 | 207,145,563.97 |
| Account receivable | 452,811,227.09 | 616,195,129.40 |
| Receivable financing | 13,500,000.00 | 10,727,129.28 |
| Prepayment | 15,839,501.91 | 23,845,963.67 |
| Insurance receivable | ||
| Reinsurance receivable | ||
| Provisions of Reinsurance contracts receivable | ||
| Other receivables | 164,422,400.16 | 162,145,236.85 |
| Including: interest receivable | ||
| Dividend receivable | ||
| Repurchasing of financial assets | ||
| Inventory | 818,438,139.00 | 837,831,790.88 |
| Contract assets | 1,420,880,863.67 | 1,425,040,223.27 |
| Assets held for sales | ||
| Non-current assets due in 1 year | 117,654,240.29 | 141,681,778.35 |
| Other current assets | 248,724,209.42 | 233,223,084.51 |
| Total current assets | 4,542,494,570.57 | 5,128,701,383.55 |
| Non-current assets: | ||
| Loan and advancement provided | ||
| Debt investment | ||
| Other debt investment | ||
| Long-term receivables | ||
| Long-term share equity investment | 55,616,828.32 | 55,902,377.95 |
| Investment in other equity tools | 17,506,572.52 | 17,628,307.59 |
| Other non-current financial assets | 5,025,885.00 | 5,025,186.16 |
| Investment real estate | 5,641,240,481.37 | 5,634,648,416.52 |
| Fixed assets | 560,717,417.41 | 483,161,673.38 |
| Construction in process | 91,011,771.79 | 168,626,803.01 |
| Productive biological assets | ||
| Gas & petrol | ||
| Use right assets | 6,681,205.46 | |
| Intangible assets | 76,697,231.79 | 77,192,825.83 |
| R&D expense | ||
| Goodwill | ||
| Long-term amortizable expenses | 4,520,479.46 | 4,581,487.32 |
| Deferred income tax assets | 180,563,589.26 | 186,649,335.96 |
| Other non-current assets | 116,586,715.90 | 104,739,453.12 |
| Total of non-current assets | 6,756,168,178.28 | 6,738,155,866.84 |
| Total of assets | 11,298,662,748.85 | 11,866,857,250.39 |
| Current liabilities | ||
| Short-term loans | 816,676,597.11 | 1,048,250,327.62 |
| Loans from Central Bank | ||
| Call loan received | ||
| Transactional financial liabilities | ||
| Derivative financial liabilities | 417,122.26 | 915,234.93 |
| Notes payable | 704,681,085.59 | 866,224,515.42 |
| Account payable | 1,040,826,381.61 | 1,279,434,551.95 |
| Prepayment received | 4,940,392.61 | 1,544,655.62 |
| Contract liabilities | 208,326,703.19 | 265,487,113.12 |
| Selling of repurchased financial assets |
| Deposit received and held for others | ||
| Entrusted trading of securities | ||
| Entrusted selling of securities | ||
| Employees' wage payable | 26,000,808.23 | 60,188,812.64 |
| Taxes payable | 31,636,000.44 | 358,662,944.42 |
| Other payables | 159,412,770.95 | 147,615,289.31 |
| Including: interest payable | ||
| Dividend payable | ||
| Fees and commissions payable | ||
| Reinsurance fee payable | ||
| Liabilities held for sales | ||
| Non-current liabilities due in 1 year | 108,500,350.04 | 103,359,833.57 |
| Other current liabilities | 60,852,310.99 | 107,688,425.69 |
| Total current liabilities | 3,162,270,523.02 | 4,239,371,704.29 |
| Non-current liabilities: | ||
| Insurance contract provision | ||
| Long-term loans | 1,531,661,462.35 | 1,099,411,462.35 |
| Bond payable | ||
| Including: preferred stock | ||
| Perpetual bond | ||
| Lease liabilities | 5,474,263.34 | |
| Long-term payable | ||
| Long-term employees' wage payable | ||
| Anticipated liabilities | 31,992,824.43 | 33,425,500.13 |
| Deferred earning | 9,053,366.84 | 9,168,492.17 |
| Deferred income tax liabilities | 1,037,058,135.50 | 1,038,084,099.97 |
| Other non-current liabilities | ||
| Total of non-current liabilities | 2,615,240,052.46 | 2,180,089,554.62 |
| Total liabilities | 5,777,510,575.48 | 6,419,461,258.91 |
| Owner's equity: | ||
| Share capital | 1,088,278,951.00 | 1,088,278,951.00 |
| Other equity tools |
| Including: preferred stock | ||
| Perpetual bond | ||
| Capital reserves | 11,459,588.40 | 11,459,588.40 |
| Less: Shares in stock | 42,748,530.12 | 42,748,530.12 |
| Other miscellaneous income | 2,890,916.75 | 2,078,167.63 |
| Special reserves | ||
| Surplus reserve | 106,783,436.96 | 106,783,436.96 |
| Common risk provisions | ||
| Retained profit | 4,290,159,010.43 | 4,215,005,541.52 |
| Total of owner's equity belong to the parent company | 5,456,823,373.42 | 5,380,857,155.39 |
| Minor shareholders' equity | 64,328,799.95 | 66,538,836.09 |
| Total of owners' equity | 5,521,152,173.37 | 5,447,395,991.48 |
| Total of liabilities and owner's interest | 11,298,662,748.85 | 11,866,857,250.39 |
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Wu Bohua
2. Balance Sheet of the Parent Company
In RMB
| Item | Wednesday, March 31, 2021 | Thursday, December 31, 2020 |
| Current asset: | ||
| Monetary capital | 24,753,184.02 | 204,828,995.78 |
| Transactional financial assets | ||
| Derivative financial assets | ||
| Notes receivable | ||
| Account receivable | 671,542.60 | 885,849.08 |
| Receivable financing | ||
| Prepayment | 660,304.84 | 1,323,361.34 |
| Other receivables | 1,401,224,399.72 | 1,156,802,204.91 |
| Including: interest receivable | ||
| Dividend receivable | ||
| Inventory | ||
| Contract assets | ||
| Assets held for sales | ||
| Non-current assets due in 1 year |
| Other current assets | 1,124,624.60 | 1,071,138.13 |
| Total current assets | 1,428,434,055.78 | 1,364,911,549.24 |
| Non-current assets: | ||
| Debt investment | ||
| Other debt investment | ||
| Long-term receivables | ||
| Long-term share equity investment | 1,196,831,253.00 | 1,196,831,253.00 |
| Investment in other equity tools | 16,392,331.44 | 16,392,331.44 |
| Other non-current financial assets | 30,000,001.00 | 30,000,001.00 |
| Investment real estate | 334,498,436.00 | 334,498,436.00 |
| Fixed assets | 64,692,915.48 | 65,157,481.98 |
| Construction in process | ||
| Productive biological assets | ||
| Gas & petrol | ||
| Use right assets | ||
| Intangible assets | 1,444,285.35 | 1,521,975.72 |
| R&D expense | ||
| Goodwill | ||
| Long-term amortizable expenses | 555,171.41 | 687,202.16 |
| Deferred income tax assets | 27,340,270.29 | 26,592,617.26 |
| Other non-current assets | ||
| Total of non-current assets | 1,671,754,663.97 | 1,671,681,298.56 |
| Total of assets | 3,100,188,719.75 | 3,036,592,847.80 |
| Current liabilities | ||
| Short-term loans | 490,523,263.90 | 491,503,263.89 |
| Transactional financial liabilities | ||
| Derivative financial liabilities | ||
| Notes payable | ||
| Account payable | 606,941.85 | 606,941.85 |
| Prepayment received | 723,098.39 | 927,674.32 |
| Contract liabilities | ||
| Employees' wage payable | 1,273,149.41 | 3,440,073.04 |
| Taxes payable | 3,065,122.39 | 2,993,196.12 |
| Other payables | 63,857,788.94 | 28,068,648.70 |
| Including: interest payable | ||
| Dividend payable | ||
| Liabilities held for sales | ||
| Non-current liabilities due in 1 year | ||
| Other current liabilities | ||
| Total current liabilities | 560,049,364.88 | 527,539,797.92 |
| Non-current liabilities: | ||
| Long-term loans | ||
| Bond payable | ||
| Including: preferred stock | ||
| Perpetual bond | ||
| Lease liabilities | ||
| Long-term payable | ||
| Long-term employees' wage payable | ||
| Anticipated liabilities | ||
| Deferred earning | ||
| Deferred income tax liabilities | 73,762,656.21 | 73,837,511.85 |
| Other non-current liabilities | ||
| Total of non-current liabilities | 73,762,656.21 | 73,837,511.85 |
| Total liabilities | 633,812,021.09 | 601,377,309.77 |
| Owner's equity: | ||
| Share capital | 1,088,278,951.00 | 1,088,278,951.00 |
| Other equity tools | ||
| Including: preferred stock | ||
| Perpetual bond | ||
| Capital reserves | 360,835.52 | 360,835.52 |
| Less: Shares in stock | 42,748,530.12 | 42,748,530.12 |
| Other miscellaneous income | -371,129.71 | -371,129.71 |
| Special reserves | ||
| Surplus reserve | 106,783,436.96 | 106,783,436.96 |
| Retained profit | 1,314,073,135.01 | 1,282,911,974.38 |
| Total of owners' equity | 2,466,376,698.66 | 2,435,215,538.03 |
| Total of liabilities and owner's interest | 3,100,188,719.75 | 3,036,592,847.80 |
3. Consolidated Income Statement
In RMB
| Item | Amount occurred in the current period | Occurred in previous period |
| 1. Total revenue | 643,347,177.89 | 413,826,888.79 |
| Incl. Business income | 643,347,177.89 | 413,826,888.79 |
| Interest income | ||
| Insurance fee earned | ||
| Fee and commission received | ||
| 2. Total business cost | 598,103,967.00 | 394,659,366.67 |
| Incl. Business cost | 482,994,905.47 | 314,413,603.27 |
| Interest expense | ||
| Fee and commission paid | ||
| Insurance discharge payment | ||
| Net claim amount paid | ||
| Net insurance policy responsibility contract reserves provided | ||
| Insurance policy dividend paid | ||
| Reinsurance expenses | ||
| Taxes and surcharges | 7,222,382.29 | 3,390,682.90 |
| Sales expense | 10,158,035.76 | 8,076,166.66 |
| Administrative expense | 42,172,744.29 | 31,000,994.73 |
| R&D cost | 35,042,482.29 | 14,980,824.81 |
| Financial expenses | 20,513,416.90 | 22,797,094.30 |
| Including: interest cost | 17,542,167.55 | 22,193,016.28 |
| Interest income | 2,952,322.09 | 2,199,503.22 |
| Add: other gains | 3,743,091.62 | 1,234,219.99 |
| Investment gains (“-” for loss) | 41,032.31 | 241,358.65 |
| Incl. Investment gains from affiliates and joint ventures | -285,549.63 | -168,943.59 |
| Financial assets derecognised as a result of amortized cost | -1,951,451.11 | |
| Exchange gains ("-" for loss) | ||
| Net open hedge gains (“-” for |
| loss) | ||
| Gains from change of fair value (“-“ for loss) | 698.84 | 4,128.92 |
| Credit impairment ("-" for loss) | 19,539,581.61 | 54,750,204.80 |
| Investment impairment loss ("-" for loss) | 22,587,469.07 | 38,328,588.76 |
| Investment gains ("-" for loss) | -114,249.43 | |
| 3. Operational profit ("-" for loss) | 91,040,834.91 | 113,726,023.24 |
| Plus: non-operational income | 883,540.49 | 106,391.56 |
| Less: non-operational expenditure | 176,710.13 | 3,026,114.28 |
| 4. Gross profit ("-" for loss) | 91,747,665.27 | 110,806,300.52 |
| Less: Income tax expenses | 14,783,162.05 | 16,037,544.87 |
| 5. Net profit ("-" for net loss) | 76,964,503.22 | 94,768,755.65 |
| (1) By operating consistency | ||
| 1. Net profit from continuous operation ("-" for net loss) | 76,964,503.22 | 94,768,755.65 |
| 2. Net profit from discontinuous operation ("-" for net loss) | ||
| (2) By ownership | ||
| 1. Net profit attributable to the shareholders of the parent company | 75,153,468.91 | 94,777,419.75 |
| 2. Minor shareholders’ equity | 1,811,034.31 | -8,664.10 |
| 6. After-tax net amount of other misc. incomes | 781,394.67 | -13,049,080.39 |
| After-tax net amount of other misc. incomes attributed to parent's owner | 812,749.12 | -13,049,080.39 |
| (1) Other misc. incomes that cannot be re-classified into gain and loss | -121,735.07 | |
| 1. Re-measure the change in the defined benefit plan | ||
| 2. Other comprehensive income that cannot be transferred to profit or loss under the equity method | ||
| 3. Fair value change of investment in other equity tools | -121,735.07 | |
| 4. Fair value change of the |
| Company's credit risk | ||
| 5. Others | ||
| (2) Other misc. incomes that will be re-classified into gain and loss | 934,484.19 | -13,049,080.39 |
| 1. Other comprehensive income that can be transferred to profit or loss under the equity method | ||
| 2. Fair value change of other debt investment | ||
| 3. Gains and losses from changes in fair value of available-for-sale financial assets | ||
| 4. Other credit investment credit impairment provisions | ||
| 5. Cash flow hedge reserve | 920,482.22 | -12,650,960.02 |
| 6. Translation difference of foreign exchange statement | 14,001.97 | -398,120.37 |
| 7. Others | ||
| After-tax net of other misc. income attributed to minority shareholders | -31,354.45 | |
| 7. Total of misc. incomes | 77,745,897.89 | 81,719,675.26 |
| Total of misc. incomes attributable to the owners of the parent company | 75,966,218.03 | 81,728,339.36 |
| Total misc gains attributable to the minor shareholders | 1,779,679.86 | -8,664.10 |
| 8. Earnings per share: | ||
| (1) Basic earnings per share | 0.07 | 0.08 |
| (2) Diluted earnings per share | 0.07 | 0.08 |
Net profit contributed by entities merged under common control in the report period was RMB0.00, net profit realized by partiesmerged during the previous period is RMB0.00.Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Wu Bohua
4. Income Statement of the Parent Company
In RMB
| Item | Amount occurred in the current period | Occurred in previous period |
| 1. Turnover | 6,059,661.51 | 6,518,715.41 |
| Less: Operation cost | 79,702.77 | 38,161.28 |
| Taxes and surcharges | 69,555.62 | 320,625.81 |
| Sales expense | ||
| Administrative expense | 6,163,118.29 | 6,007,355.43 |
| R&D cost | ||
| Financial expenses | 3,347,465.47 | 9,528,622.34 |
| Including: interest cost | 3,301,250.01 | 10,094,338.89 |
| Interest income | 220,423.32 | 571,446.30 |
| Add: other gains | 77,100.49 | 70,235.05 |
| Investment gains (“-” for loss) | 33,862,460.96 | 125,658.72 |
| Incl. Investment gains from affiliates and joint ventures | ||
| Financial assets derecognised as a result of amortized cost ("-" for loss) | ||
| Net open hedge gains (“-” for loss) | ||
| Gains from change of fair value (“-“ for loss) | ||
| Credit impairment ("-" for loss) | 700.20 | -6,241.41 |
| Investment impairment loss ("-" for loss) | ||
| Investment gains ("-" for loss) | ||
| 2. Operational profit (“-” for loss) | 30,340,081.01 | -9,186,397.09 |
| Plus: non-operational income | ||
| Less: non-operational expenditure | 1,429.05 | |
| 3. Gross profit ("-" for loss) | 30,338,651.96 | -9,186,397.09 |
| Less: Income tax expenses | -822,508.67 | -2,278,347.27 |
| 4. Net profit (“-” for net loss) | 31,161,160.63 | -6,908,049.82 |
| (1) Net profit from continuous operation ("-" for net loss) | 31,161,160.63 | -6,908,049.82 |
| (2) Net profit from discontinuous operation ("-" for net loss) | ||
| 5. After-tax net amount of other misc. incomes |
| (1) Other misc. incomes that cannot be re-classified into gain and loss | ||
| 1. Re-measure the change in the defined benefit plan | ||
| 2. Other comprehensive income that cannot be transferred to profit or loss under the equity method | ||
| 3. Fair value change of investment in other equity tools | ||
| 4. Fair value change of the Company's credit risk | ||
| 5. Others | ||
| (2) Other misc. incomes that will be re-classified into gain and loss | ||
| 1. Other comprehensive income that can be transferred to profit or loss under the equity method | ||
| 2. Fair value change of other debt investment | ||
| 3. Gains and losses from changes in fair value of available-for-sale financial assets | ||
| 4. Other credit investment credit impairment provisions | ||
| 5. Cash flow hedge reserve | ||
| 6. Translation difference of foreign exchange statement | ||
| 7. Others | ||
| 6. Total of misc. incomes | 31,161,160.63 | -6,908,049.82 |
| 7. Earnings per share: | ||
| (1) Basic earnings per share | ||
| (2) Diluted earnings per share |
5. Consolidated Cash Flow Statement
In RMB
| Item | Amount occurred in the current period | Occurred in previous period |
| 1. Net cash flow from business operations: | ||
| Cash received from sales of products and providing of services | 841,141,839.35 | 552,621,802.47 |
| Net increase of customer deposits and capital kept for brother company | ||
| Net increase of loans from central bank | ||
| Net increase of inter-bank loans from other financial bodies | ||
| Cash received against original insurance contract | ||
| Net cash received from reinsurance business | ||
| Net increase of client deposit and investment | ||
| Cash received as interest, processing fee, and commission | ||
| Net increase of inter-bank fund received | ||
| Net increase of repurchasing business | ||
| Net cash received from trading securities | ||
| Tax refunded | 12,748,845.37 | 1,811,320.46 |
| Other cash received from business operation | 70,643,051.32 | 72,333,751.51 |
| Sub-total of cash inflow from business operations | 924,533,736.04 | 626,766,874.44 |
| Cash paid for purchasing products and services | 786,329,162.59 | 606,808,963.41 |
| Net increase of client trade and advance | ||
| Net increase of savings in central bank and brother company | ||
| Cash paid for original contract claim | ||
| Net increase in funds dismantled |
| Cash paid for interest, processing fee and commission | ||
| Cash paid for policy dividend | ||
| Cash paid to and for the staff | 109,277,627.51 | 99,253,547.69 |
| Taxes paid | 367,577,705.38 | 31,853,052.06 |
| Other cash paid for business activities | 84,645,704.30 | 227,956,358.27 |
| Sub-total of cash outflow from business operations | 1,347,830,199.78 | 965,871,921.43 |
| Cash flow generated by business operations, net | -423,296,463.74 | -339,105,046.99 |
| 2. Cash flow generated by investment: | ||
| Cash received from investment recovery | 1,687,886,805.14 | 1,344,500,000.00 |
| Cash received as investment profit | 2,096,669.70 | 8,789,161.18 |
| Net cash retrieved from disposal of fixed assets, intangible assets, and other long-term assets | 194.69 | |
| Net cash received from disposal of subsidiaries or other operational units | ||
| Other investment-related cash received | 250.00 | |
| Sub-total of cash inflow generated from investment | 1,689,983,669.53 | 1,353,289,411.18 |
| Cash paid for construction of fixed assets, intangible assets and other long-term assets | 47,616,161.51 | 59,588,664.45 |
| Cash paid as investment | 1,734,860,000.00 | 1,196,460,000.00 |
| Net increase of loan against pledge | ||
| Net cash paid for acquiring subsidiaries and other operational units | ||
| Other cash paid for investment | ||
| Subtotal of cash outflows | 1,782,476,161.51 | 1,256,048,664.45 |
| Cash flow generated by investment activities, net | -92,492,491.98 | 97,240,746.73 |
| 3. Cash flow generated by financing activities: | ||
| Cash received from investment |
| Incl. Cash received from investment attracted by subsidiaries from minority shareholders | ||
| Cash received from borrowed loans | 470,000,000.00 | 1,725,388,124.18 |
| Other cash received from financing activities | ||
| Subtotal of cash inflow from financing activities | 470,000,000.00 | 1,725,388,124.18 |
| Cash paid to repay debts | 78,249,952.00 | 1,403,978,153.39 |
| Cash paid as dividend, profit, or interests | 24,136,165.50 | 24,999,493.27 |
| Incl. Dividend and profit paid by subsidiaries to minority shareholders | ||
| Other cash paid for financing activities | 148,275,409.77 | |
| Subtotal of cash outflow from financing activities | 250,661,527.27 | 1,428,977,646.66 |
| Net cash flow generated by financing activities | 219,338,472.73 | 296,410,477.52 |
| 4. Influence of exchange rate changes on cash and cash equivalents | -1,062,752.02 | 467,765.09 |
| 5. Net increase in cash and cash equivalents | -297,513,235.01 | 55,013,942.35 |
| Plus: Balance of cash and cash equivalents at the beginning of term | 1,024,252,387.39 | 725,269,902.90 |
| 6. Balance of cash and cash equivalents at the end of the period | 726,739,152.38 | 780,283,845.25 |
6. Cash Flow Statement of the Parent Company
In RMB
| Item | Amount occurred in the current period | Occurred in previous period |
| 1. Net cash flow from business operations: | ||
| Cash received from sales of products and providing of services | 6,294,925.95 | 3,513,156.36 |
| Tax refunded | ||
| Other cash received from business | 826,433,373.37 | 2,136,488,278.30 |
| operation | ||
| Sub-total of cash inflow from business operations | 832,728,299.32 | 2,140,001,434.66 |
| Cash paid for purchasing products and services | 216,123.22 | 29,756.47 |
| Cash paid to and for the staff | 6,686,301.30 | 6,328,845.37 |
| Taxes paid | 354,839.22 | 399,458.88 |
| Other cash paid for business activities | 1,034,995,313.64 | 1,707,124,112.24 |
| Sub-total of cash outflow from business operations | 1,042,252,577.38 | 1,713,882,172.96 |
| Cash flow generated by business operations, net | -209,524,278.06 | 426,119,261.70 |
| 2. Cash flow generated by investment: | ||
| Cash received from investment recovery | 285,000,000.00 | 364,500,000.00 |
| Cash received as investment profit | 33,862,460.96 | 125,658.72 |
| Net cash retrieved from disposal of fixed assets, intangible assets, and other long-term assets | ||
| Net cash received from disposal of subsidiaries or other operational units | ||
| Other investment-related cash received | ||
| Sub-total of cash inflow generated from investment | 318,862,460.96 | 364,625,658.72 |
| Cash paid for construction of fixed assets, intangible assets and other long-term assets | 132,744.66 | 6,250.00 |
| Cash paid as investment | 285,000,000.00 | 364,500,000.00 |
| Net cash paid for acquiring subsidiaries and other operational units | ||
| Other cash paid for investment | ||
| Subtotal of cash outflows | 285,132,744.66 | 364,506,250.00 |
| Cash flow generated by investment activities, net | 33,729,716.30 | 119,408.72 |
| 3. Cash flow generated by financing activities: |
| Cash received from investment | ||
| Cash received from borrowed loans | 200,000,000.00 | |
| Other cash received from financing activities | ||
| Subtotal of cash inflow from financing activities | 200,000,000.00 | |
| Cash paid to repay debts | 510,000,000.00 | |
| Cash paid as dividend, profit, or interests | 4,281,250.00 | 10,580,009.03 |
| Other cash paid for financing activities | ||
| Subtotal of cash outflow from financing activities | 4,281,250.00 | 520,580,009.03 |
| Net cash flow generated by financing activities | -4,281,250.00 | -320,580,009.03 |
| 4. Influence of exchange rate changes on cash and cash equivalents | ||
| 5. Net increase in cash and cash equivalents | -180,075,811.76 | 105,658,661.39 |
| Plus: Balance of cash and cash equivalents at the beginning of term | 204,578,995.78 | 175,341,953.63 |
| 6. Balance of cash and cash equivalents at the end of the period | 24,503,184.02 | 281,000,615.02 |
II. Financial Statement Adjustment
1. The first implementation of the new financial instruments guidelines, new lease standards, adjustmentsthe first implementation of the financial statements at the beginning of the year 2021
√ Applicable □ Inapplicable
Whether to adjust the balance sheet accounts at the beginning of the year
√ Yes □ No
Consolidated Balance Sheet
In RMB
| Item | Thursday, December 31, 2020 | Friday, January 1, 2021 | Adjustment |
| Current asset: | |||
| Monetary capital | 1,459,840,020.10 | 1,459,840,020.10 | 0.00 |
| Settlement provision | 0.00 | 0.00 |
| Outgoing call loan | 0.00 | 0.00 | |
| Transactional financial assets | 4,051,015.05 | 4,051,015.05 | 0.00 |
| Derivative financial assets | 6,974,448.22 | 6,974,448.22 | 0.00 |
| Notes receivable | 207,145,563.97 | 207,145,563.97 | 0.00 |
| Account receivable | 616,195,129.40 | 616,195,129.40 | 0.00 |
| Receivable financing | 10,727,129.28 | 10,727,129.28 | 0.00 |
| Prepayment | 23,845,963.67 | 23,845,963.67 | 0.00 |
| Insurance receivable | 0.00 | 0.00 | |
| Reinsurance receivable | 0.00 | 0.00 | |
| Provisions of Reinsurance contracts receivable | 0.00 | 0.00 | |
| Other receivables | 162,145,236.85 | 162,145,236.85 | 0.00 |
| Including: interest receivable | 0.00 | 0.00 | |
| Dividend receivable | 0.00 | 0.00 | |
| Repurchasing of financial assets | 0.00 | 0.00 | |
| Inventory | 837,831,790.88 | 837,831,790.88 | 0.00 |
| Contract assets | 1,425,040,223.27 | 1,425,040,223.27 | 0.00 |
| Assets held for sales | 0.00 | 0.00 | |
| Non-current assets due in 1 year | 141,681,778.35 | 141,681,778.35 | 0.00 |
| Other current assets | 233,223,084.51 | 233,223,084.51 | 0.00 |
| Total current assets | 5,128,701,383.55 | 5,128,701,383.55 | 0.00 |
| Non-current assets: | |||
| Loan and advancement provided | 0.00 | 0.00 | |
| Debt investment | 0.00 | 0.00 | |
| Other debt investment | 0.00 | 0.00 | |
| Long-term receivables | 0.00 | 0.00 | |
| Long-term share equity investment | 55,902,377.95 | 55,902,377.95 | 0.00 |
| Investment in other equity tools | 17,628,307.59 | 17,628,307.59 | 0.00 |
| Other non-current financial assets | 5,025,186.16 | 5,025,186.16 | 0.00 |
| Investment real estate | 5,634,648,416.52 | 5,634,648,416.52 | 0.00 |
| Fixed assets | 483,161,673.38 | 483,161,673.38 | 0.00 |
| Construction in process | 168,626,803.01 | 168,626,803.01 | 0.00 |
| Productive biological assets | 0.00 | 0.00 | |
| Gas & petrol | 0.00 | 0.00 | |
| Use right assets | 7,208,915.40 | 7,208,915.40 | |
| Intangible assets | 77,192,825.83 | 77,192,825.83 | 0.00 |
| R&D expense | 0.00 | 0.00 | |
| Goodwill | 0.00 | 0.00 | |
| Long-term amortizable expenses | 4,581,487.32 | 4,581,487.32 | 0.00 |
| Deferred income tax assets | 186,649,335.96 | 186,649,335.96 | 0.00 |
| Other non-current assets | 104,739,453.12 | 104,739,453.12 | 0.00 |
| Total of non-current assets | 6,738,155,866.84 | 6,745,364,782.24 | 7,208,915.40 |
| Total of assets | 11,866,857,250.39 | 11,874,066,165.79 | 7,208,915.40 |
| Current liabilities | |||
| Short-term loans | 1,048,250,327.62 | 1,048,250,327.62 | 0.00 |
| Loans from Central Bank | 0.00 | 0.00 | |
| Call loan received | 0.00 | 0.00 | |
| Transactional financial liabilities | 0.00 | 0.00 | |
| Derivative financial liabilities | 915,234.93 | 915,234.93 | 0.00 |
| Notes payable | 866,224,515.42 | 866,224,515.42 | 0.00 |
| Account payable | 1,279,434,551.95 | 1,279,434,551.95 | 0.00 |
| Prepayment received | 1,544,655.62 | 1,544,655.62 | 0.00 |
| Contract liabilities | 265,487,113.12 | 265,487,113.12 | 0.00 |
| Selling of repurchased financial assets | 0.00 | 0.00 |
| Deposit received and held for others | 0.00 | 0.00 | |
| Entrusted trading of securities | 0.00 | 0.00 | |
| Entrusted selling of securities | 0.00 | 0.00 | |
| Employees' wage payable | 60,188,812.64 | 60,188,812.64 | 0.00 |
| Taxes payable | 358,662,944.42 | 358,662,944.42 | 0.00 |
| Other payables | 147,615,289.31 | 147,615,289.31 | 0.00 |
| Including: interest payable | 0.00 | 0.00 | |
| Dividend payable | 0.00 | 0.00 | |
| Fees and commissions payable | 0.00 | 0.00 | |
| Reinsurance fee payable | 0.00 | 0.00 | |
| Liabilities held for sales | 0.00 | 0.00 | |
| Non-current liabilities due in 1 year | 103,359,833.57 | 105,466,746.78 | 2,106,913.21 |
| Other current liabilities | 107,688,425.69 | 107,688,425.69 | 0.00 |
| Total current liabilities | 4,239,371,704.29 | 4,241,478,617.50 | 2,106,913.21 |
| Non-current liabilities: | |||
| Insurance contract provision | 0.00 | 0.00 | |
| Long-term loans | 1,099,411,462.35 | 1,099,411,462.35 | 0.00 |
| Bond payable | 0.00 | 0.00 | |
| Including: preferred stock | 0.00 | 0.00 | |
| Perpetual bond | 0.00 | 0.00 | |
| Lease liabilities | 5,102,002.19 | 5,102,002.19 | |
| Long-term payable | 0.00 | 0.00 | |
| Long-term employees' wage payable | 0.00 | 0.00 | |
| Anticipated liabilities | 33,425,500.13 | 33,425,500.13 | 0.00 |
| Deferred earning | 9,168,492.17 | 9,168,492.17 | 0.00 |
| Deferred income tax liabilities | 1,038,084,099.97 | 1,038,084,099.97 | 0.00 |
| Other non-current liabilities | 0.00 | 0.00 | |
| Total of non-current liabilities | 2,180,089,554.62 | 2,185,191,556.81 | 5,102,002.19 |
| Total liabilities | 6,419,461,258.91 | 6,426,670,174.31 | 7,208,915.40 |
| Owner's equity: | |||
| Share capital | 1,088,278,951.00 | 1,088,278,951.00 | 0.00 |
| Other equity tools | 0.00 | 0.00 | |
| Including: preferred stock | 0.00 | 0.00 | |
| Perpetual bond | 0.00 | 0.00 | |
| Capital reserves | 11,459,588.40 | 11,459,588.40 | 0.00 |
| Less: Shares in stock | 42,748,530.12 | 42,748,530.12 | 0.00 |
| Other miscellaneous income | 2,078,167.63 | 2,078,167.63 | 0.00 |
| Special reserves | 0.00 | 0.00 | |
| Surplus reserve | 106,783,436.96 | 106,783,436.96 | 0.00 |
| Common risk provisions | 0.00 | 0.00 | |
| Retained profit | 4,215,005,541.52 | 4,215,005,541.52 | 0.00 |
| Total of owner's equity belong to the parent company | 5,380,857,155.39 | 5,380,857,155.39 | 0.00 |
| Minor shareholders' equity | 66,538,836.09 | 66,538,836.09 | 0.00 |
| Total of owners' equity | 5,447,395,991.48 | 5,447,395,991.48 | 0.00 |
| Total of liabilities and owner's interest | 11,866,857,250.39 | 11,874,066,165.79 | 7,208,915.40 |
About the adjustment:
According to the requirements of the new lease standard, the Company will recognize all leased assets (except short-termleases and low-value asset leases that choose simplified processing) to recognize right-of-use assets and lease liabilities from January1, 2021, and recognize depreciation and interest expenses respectively.
In the standard convergence policy, simplified treatment is selected, that is, the lease liabilities are equal to the present value ofthe remaining lease payment, and the right-of-use asset is equal to the amount of the lease liabilities and necessary adjustments aremade. Using this method will not affect the company's retained earnings at the beginning of 2021.
Balance Sheet of the Parent Company
In RMB
| Item | Thursday, December 31, 2020 | Friday, January 1, 2021 | Adjustment |
| Current asset: | |||
| Monetary capital | 204,828,995.78 | 204,828,995.78 | |
| Account receivable | 885,849.08 | 885,849.08 | |
| Prepayment | 1,323,361.34 | 1,323,361.34 | |
| Other receivables | 1,156,802,204.91 | 1,156,802,204.91 | |
| Other current assets | 1,071,138.13 | 1,071,138.13 | |
| Total current assets | 1,364,911,549.24 | 1,364,911,549.24 | |
| Non-current assets: | |||
| Long-term share equity investment | 1,196,831,253.00 | 1,196,831,253.00 | |
| Investment in other equity tools | 16,392,331.44 | 16,392,331.44 | |
| Other non-current financial assets | 30,000,001.00 | 30,000,001.00 | |
| Investment real estate | 334,498,436.00 | 334,498,436.00 | |
| Fixed assets | 65,157,481.98 | 65,157,481.98 | |
| Intangible assets | 1,521,975.72 | 1,521,975.72 | |
| Long-term amortizable expenses | 687,202.16 | 687,202.16 | |
| Deferred income tax assets | 26,592,617.26 | 26,592,617.26 | |
| Total of non-current assets | 1,671,681,298.56 | 1,671,681,298.56 | |
| Total of assets | 3,036,592,847.80 | 3,036,592,847.80 | |
| Current liabilities | |||
| Short-term loans | 491,503,263.89 | 491,503,263.89 | |
| Account payable | 606,941.85 | 606,941.85 | |
| Prepayment received | 927,674.32 | 927,674.32 | |
| Employees' wage payable | 3,440,073.04 | 3,440,073.04 | |
| Taxes payable | 2,993,196.12 | 2,993,196.12 | |
| Other payables | 28,068,648.70 | 28,068,648.70 | |
| Total current liabilities | 527,539,797.92 | 527,539,797.92 | |
| Non-current liabilities: | |||
| Deferred income tax | 73,837,511.85 | 73,837,511.85 |
| liabilities | |||
| Total of non-current liabilities | 73,837,511.85 | 73,837,511.85 | |
| Total liabilities | 601,377,309.77 | 601,377,309.77 | |
| Owner's equity: | |||
| Share capital | 1,088,278,951.00 | 1,088,278,951.00 | |
| Capital reserves | 360,835.52 | 360,835.52 | |
| Less: Shares in stock | 42,748,530.12 | 42,748,530.12 | |
| Other miscellaneous income | -371,129.71 | -371,129.71 | |
| Surplus reserve | 106,783,436.96 | 106,783,436.96 | |
| Retained profit | 1,282,911,974.38 | 1,282,911,974.38 | |
| Total of owners' equity | 2,435,215,538.03 | 2,435,215,538.03 | |
| Total of liabilities and owner's interest | 3,036,592,847.80 | 3,036,592,847.80 |
About the adjustment:
The parent company of the Company has no leases other than short-term leases and leases of low-value assets. Therefore, theimplementation of the new lease standards has no impact on the balance sheet of the parent company at the beginning of 2021.
2. Description of the 2021 first implementation of the new lease standard retrospective adjustment of theprevious period comparison data
□ Applicable √ Inapplicable
3. Auditor’s Report
Whether the Q1 report is audited
□ Yes √ No
The Q2 Report is not audited.
China Fangda Group Co., Ltd.
Legal representative: Xiong JianmingWednesday, April 28, 2021