CHANGHONG MEILING CO., LTD
THE THIRD QUARTERLY REPORT FOR 2018
October 2018
Section I. Important Notes
Board of Directors and the Supervisory Committee of Changhong Meiling Co., Ltd. (hereinafter referred to as theCompany) and its directors, supervisors and senior executives hereby confirm that there are no any fictitiousstatements, misleading statements, or important omissions carried in this report, and shall take all responsibilities,individual and/or joint, for the reality, accuracy and completion of the whole contents.Principal of the Company Mr. Li Wei, Person in Charge of Accounting Works Mr. Pang Haitao and Person inCharge of Accounting Organ (Accounting Officer) Mr. Luo Bo hereby confirm that the Financial Report of theThird Quarterly Report is authentic, accurate and complete.Prompt of non-standard audit opinion
□ Applicable √ Not applicable
Third quarterly report of 2018 has not been audited.All directors of the Company are attended the Meeting for quarterly report deliberation.
Section II Basic information of Company
I. Main accounting data and index
Whether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes √No
| End of this period | End of last period | Changes of this period-end over same period-end of last year | ||||
| Total assets(RMB) | 16,095,284,699.26 | 15,961,511,966.81 | 0.84% | |||
| Net assets attributable to shareholders of listed company (RMB) | 5,048,400,111.51 | 5,051,066,095.31 | -0.05% | |||
| Current period | Increase/decrease in comparison with same period of last year | Year-begin to end of the Period | Increase/decrease in comparison with year-begin to Period-end of last year | |||
| Operating revenue (RMB) | 3,977,110,177.70 | -14.68% | 13,248,619,747.37 | 0.53% | ||
| Net profit attributable to shareholders of the listed company (RMB) | 14,954,274.39 | -46.87% | 65,638,506.12 | -45.40% | ||
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses(RMB) | -5,122,046.17 | -132.66% | -11,722,148.00 | -114.19% | ||
| Net cash flow arising from operating activities(RMB) | -- | -- | 241,227,370.55 | 284.43% | ||
| Basic earnings per share (RMB/Share) | 0.0143 | -46.87% | 0.0628 | -45.40% | ||
| Diluted earnings per share (RMB/Share) | 0.0143 | -46.87% | 0.0628 | -45.40% | ||
| Weighted average ROE | 0.30% | 0.25 percentage points down | 1.30% | 1.04 percentage points down | ||
Items and amount of extraordinary profit (gains)/losses
√Applicable □Not applicable
In RMB
| Item | Amount from year-begin to end of the Period | Note |
| Gains/losses from the disposal of non-current asset (including the write-off that accrued for impairment of assets) | 3,476,687.51 | Found in “income from assets disposal” |
| Governmental subsidy reckoned into current gains/losses (not including the subsidy enjoyed in quota or ration according to national standards, which are closely relevant to enterprise’s business) | 64,506,672.96 | Found in “other income” and “Non-operating income” |
| Held transaction financial asset, gains/losses of changes of fair values from transaction financial liabilities, and investment gains from disposal of transaction financial asset, transaction financial liabilities and financial asset available for sales, exclude the effective hedging business relevant with normal operations of the Company | 14,222,833.08 | Found in “Changes in fair value gains” and “Investment income” |
| Switch-back of provision of impairment of account receivable which are treated with separate depreciation test | 2,767,953.96 | -- |
| Other non-operating income and expenditure except for the aforementioned ones | 5,262,917.72 | Found in “Non-operating income and expenditure” |
| Less: impact on income tax | 12,107,015.34 | -- |
| Impact on minority shareholders’ equity (post-tax) | 769,395.77 | -- |
| Total | 77,360,654.12 | -- |
Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for CompaniesOffering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according tothe lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering TheirSecurities to the Public --- Extraordinary Profit/loss, explain reasons
□Applicable √Not applicable
The Company has no items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss in Q&AAnnouncement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss, inthe period
II. Total number of shareholders at the end of this report period and top ten shareholders
1. Number of common shareholders and preference shareholders with voting rights recovered and top ten
common shareholders
In shares
| Total number of common shareholders at the end of report period | 60,704 | Total preference shareholders with voting rights recovered at end of reporting period (if applicable) | 0 | ||||||
| Top ten shareholders | |||||||||
| Shareholder’s name | Nature of shareholder | Proportion of shares held | Amount of shares held | Amount of restricted shares held | Number of share pledged/frozen | ||||
| State of share | Amount | ||||||||
| Sichuan Changhong Electric Co., Ltd. | State-owned legal person | 22.47% | 234,705,968 | 69,877,638 | -- | -- | |||
| Hefei Industrial Investment Holding (Group) Co., Ltd. | State-owned legal person | 4.58% | 47,823,401 | 0 | -- | -- | |||
| Changhong (Hong Kong) Trade Co., Ltd. (Note 1) | Foreign legal person | 2.96% | 30,895,442 | 0 | -- | -- | |||
| CAO SHENGCHUN | Foreign natural person | 1.36% | 14,240,979 | 0 | -- | -- | |||
| Ping An Annuity Insurance Company of China, Ltd. – Ping An Pension Ruifu private placement No.1 Assets Management Products | Domestic non-state-owned legal person | 1.26% | 13,169,395 | 0 | -- | -- | |||
| Ping An UOB-Ping An Bank-Guohai Securities Co., Ltd. | Domestic non-state-owned legal person | 1.20% | 12,522,361 | 0 | -- | -- | |||
| Caitong Fund- Ningbo Bank-Haitong Xingtai (Anhui) Emerging Industry Investment Fund (Limited Partnership) | Domestic non-state-owned legal person | 1.03% | 10,733,452 | 0 | -- | -- | |||
| Shenzhen Morality & Prestige Capital Management Co., Ltd. - Morality & Prestige Capital No.1 PE | Domestic non-state-owned legal person | 0.78% | 8,167,695 | 0 | -- | -- | |||
| Harvest Fund- Agriculture Bank – ABC- CA Fund Management Co., Ltd. | Domestic non-state-owned legal person | 0.77% | 8,050,089 | 0 | -- | -- | |||
| Caitong Fund－Everbright Bank－Soochow Securities Co., Ltd. | Domestic non-state-owned legal person | 0.71% | 7,387,829 | 0 | -- | -- | |||
| Top ten shareholders with unrestricted shares held | |||||||||
| Shareholder’s name | Amount of unrestricted shares held | Type of shares | |||||||
| Type | Amount | ||||||||
| Sichuan Changhong Electric Co., Ltd. | 164,828,330 | RMB ordinary shares | 164,828,330 | ||||||
| Hefei Industrial Investment Holding (Group) Co., Ltd. | 47,823,401 | RMB ordinary shares | 47,823,401 | ||||||
| Changhong (Hong Kong) Trade Co., Ltd. (Note 1) | 30,895,442 | Domestically listed foreign shares | 30,895,442 | ||||||
| CAO SHENGCHUN | 14,240,979 | Domestically listed foreign shares | 14,240,979 | ||||||
| Ping An Annuity Insurance Company of China, Ltd. – Ping An Pension Ruifu private placement No.1 Assets Management Products | 13,169,395 | RMB ordinary shares | 13,169,395 | ||||||
| Ping An UOB-Ping An Bank-Guohai Securities Co., Ltd. | 12,522,361 | RMB ordinary shares | 12,522,361 | ||||||
| Caitong Fund- Ningbo Bank-Haitong Xingtai (Anhui) Emerging Industry Investment Fund (Limited Partnership) | 10,733,452 | RMB ordinary shares | 10,733,452 | ||||||
| Shenzhen Morality & Prestige Capital Management Co., Ltd. - Morality & Prestige Capital No.1 PE | 8,167,695 | RMB ordinary shares | 8,167,695 | ||||||
| Harvest Fund- Agriculture Bank – ABC- CA Fund Management Co., Ltd. | 8,050,089 | RMB ordinary shares | 8,050,089 | |
| Caitong Fund－Everbright Bank－Soochow Securities Co., Ltd. | 7,387,829 | RMB ordinary shares | 7,387,829 | |
| Explanation on associated relationship among the aforesaid shareholders | Among the above shareholders, Changhong (Hong Kong) Trade Co., Ltd. is the wholly-owned subsidiary of Sichuan Changhong Electronic Co., Ltd.; there existed no associated relationship or belong to the concerted actors as specified in the Measures for the Administration of Information Disclosure of Shareholder Equity Changes of Listed Companies among Sichuan Changhong Electronic Co., Ltd., Changhong (Hong Kong) Trade Co., Ltd. and other top 8 shareholders; and top ten shareholders with unrestricted subscription; Ping An Annuity Insurance Company of China, Ltd. – Ping An Pension Ruifu private placement No.1 Assets Management Products refers to the products of Ping An Annuity Insurance Company of China, Ltd subscribe for privately placement of 2016;" Ping An UOB-Ping An Bank-Guohai Securities Co., Ltd. " have subscribed the products managed by Ping An Dahua Fund Management Co., Ltd. in the Company's non-public offering of shares in 2016; Caitong Fund- Ningbo Bank-Haitong Xingtai (Anhui) Emerging Industry Investment Fund (Limited Partnership) and Caitong Fund－Everbright Bank－Soochow Securities Co., Ltd. refers to the products of Caitong Fund Management Co., Ltd. subscribe for privately placement of 2016; “Harvest Fund- Agriculture Bank – ABC- CA Fund Management Co., Ltd.” have subscribed the products managed by Harvest Fund Management Co., Ltd. in the Company's non-public offering of shares in 2016.The company neither knows whether there is any association among other shareholders, nor knows whether other shareholders belong to the persons acting in concert that is stipulated in the “Administrative Measures on Information Disclosure of Changes in Shareholding of Listed Companies”. | |||
| Explanation on top ten common shareholders involving margin business (if applicable) | Not applicable | |||
Note 1: At end of the reporting period, the person acting in concert with controlling shareholder SichuanChanghong-- Changhong (Hong Kong) Trading Company Limited, holds B-stock of the Company as 30,895,442shares, of which, Changhong (Hong Kong) Trade Co., Ltd. holds 3,817,645 shares of B stock through PhilipSecurities (H.K.) Ltd.Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have abuy-back agreement dealing in reporting period
□ Yes √ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Companyhave no buy-back agreement dealing in reporting period.
2. Total shareholders with preferred stock held and shares held by top ten shareholders with preferredstock held
□ Applicable √ Not applicable
Section III. Important events
I. Particular about major changes from items of main accounting statements and financialindexes as well as reasons
√ Applicable □Not applicable
(I) Changes of items of balance sheet and cause analysis
In RMB
| Item | Closing balance | Opening balance | Changes | Reasons |
| Non current assets due within one year | - | 44,497,902.00 | -100.00% | The time deposit re-classified to non-current assets due within one year reclaim in the period for subsidiary Zhongshan Changhong |
| Other current assets | 1,837,209,783.15 | 801,894,930.97 | 129.11% | The amount of entrusted financial management before maturity from the parent company increased at end of the period |
| Investment real estate | 31,629,942.93 | 9,569,711.72 | 230.52% | Investment real estate from subsidiary Zhongke Meiling increased in the period |
| Construction in process | 462,037,342.13 | 174,857,717.15 | 164.24% | Investment for construction in process increased from parent company and subsidiary Changhong Air-conditioned in the period |
| Development expenditure | 157,969,470.24 | 85,624,078.79 | 84.49% | Investment for development increased from parent company and subsidiary Changhong Air-conditioned in the period |
| Long-term deferred expenses | 1,384,926.83 | 3,635,861.94 | -61.91% | The long-term amortization expenses from subsidiary Changhong Air-conditioned was amortized in the period |
| Financial liabilities measured by fair value and with its variation reckon into current gains/losses | 40,375,510.12 | 16,034,000.00 | 151.81% | Change of the fair value of forward foreign exchange contract in the period |
| Taxes Payable | 39,801,144.51 | 61,292,671.72 | -35.06% | Taxes for last year are paid in the period |
| Non-current liability due within one year | 264,351,242.37 | 46,454,376.68 | 469.06% | The long-term loans are re-classified in the period |
| Long-term loans | 2,520,000.00 | 253,160,000.00 | -99.00% | Same reasons as “non-current liability due within one year” |
| Other comprehensive income | -12,472,818.64 | -7,262,322.02 | -71.75% | Rate in foreign money from oversea subsidiary changed in the period |
(II) Changes of items of profit statement and cause analysis
In RMB
| Item | This Period | Same period of last year | Changes | Reasons |
| Changing income of fair value(Loss is listed with “-”) | -25,833,772.85 | -15,475,683.18 | -66.93% | Change of the fair value of forward foreign exchange contract in the period |
| Investment income(Loss is listed with “-”) | 20,726,039.38 | 39,675,737.03 | -47.76% | The investment income for some of the associated and joint ventures are declined form a year earlier in the period |
| Investment income on affiliated company and joint venture | -12,056,138.08 | 2,235,018.46 | -639.42% | Same reasons as “investment income” |
| Assets disposal income(Loss is listed with “-”) | 3,476,687.51 | -13,972,627.26 | 124.88% | Income from assets deposal increased on a y-o-y basis |
| Other benefits | 68,046,614.02 | 39,577,285.34 | 71.93% | The government subsidy with routine activity concerned of the company increased on a y-o-y basis |
| Non operating income | 5,443,167.59 | 2,318,979.32 | 134.72% | The settlement of case received by parent company in the period increased on a y-o-y basis |
| Non operating expenses | 60,249.87 | 338,665.25 | -82.21% | Amercement outlay declined on a y-o-y basis in the period |
| Net profit attributable to owners of parent company | 65,638,506.12 | 120,222,315.96 | -45.40% | Mainly because the re-location of subsidiary Changhong Air-conditioner and more investment in R&D; meanwhile, profit of the company decline from a year earlier due to raw material sustain in a high price. |
| Minority shareholders’ gains and losses | 196,132.62 | 7,618,443.66 | -97.43% | Profit from some of the non-wholly-owned subsidiary declined from a year earlier |
(III) Changes of items of cash flow statement and cause analysis
In RMB
| Item | This Period | Same period of last year | Changes | Reasons |
| Write-back of tax received | 455,080,647.00 | 332,183,490.22 | 37.00% | The export rebates received in the period increased from a year earlier |
| Other cash received concerning operating activities | 234,806,474.37 | 41,763,321.49 | 462.23% | The operating restricted money collected in the period |
| Cash received from returns of investments | 1,900,000,000.00 | 2,957,000,000.00 | -35.75% | The principal of entrusted financial collected in the period declined from a year earlier |
| Net cash received from disposal of fixed assets, intangible assets and other long-term assets | 17,944,967.00 | 2,531,948.87 | 608.74% | Income from fixed assets disposal received in the period increased |
| Cash paid for other investment activities | 255,500.00 | 10,574,661.31 | -97.58% | Loss of forward foreign exchange delivery paid last period |
| Cash paid for debts | 2,133,854,035.14 | 1,096,840,299.04 | 94.55% | Loans are paid in the period increased from a year earlier |
| Cash paid for dividend and profit distributing or interest paying | 109,269,826.49 | 67,101,769.40 | 62.84% | The financing interest paid in the period increased |
| Other cash paid concerning financing activities | 2,050,458.19 | 151,611.24 | 1252.44% | Capital contribution are return to minority shareholders in the period |
| Influence on cash and cash equivalents due to fluctuation in exchange rate | 3,791,101.79 | -18,706,015.36 | 120.27% | Changes in foreign currency exchange rate in the period |
II. Analysis and explanation of significant events and their influence and solutions
√ Applicable □Not applicable
(I) Particular about the process of the fund raised and investment of fund raisedIn 2016, the Company carried out private placement of A-share with 1,569,999,998.84 Yuan raise in total. Netamount raise as 1,540,732,722.76 Yuan after vary issuance costs (tax included) 29,267,276.08 Yuan deducted.
As discussed at the 6
th
meeting of the 9
th
session of the board, the 3
rd
meeting of the 9
th
session of the supervisorycommittee and the 1
st
extraordinary general meeting for 2018, being agreed by independent directors as well asthe no objection verification opinion required from sponsor institution, the Company was approved to invest insuch break-even financing products that are highly safe, in good liquidity and with a term of not more than oneyear for a single product with the available raised proceeds under the maximum limit of RMB1,060,000,000which could be used on a rolling basis. This authorization shall be effective for a year since being approved at thegeneral meeting of The Company. So far, the Company used the raised fund in line with the decision-making andrelevant regulations and standards.Up to 30
th
September, the raised capital for raised-fund projects have invested 667,922,389.23 Yuan accumulate intotal, balance of the specific raised-fund A/C counted as 948,532,019.03 Yuan (including accumulate interest10,859,624.82 Yuan, maturity yield from bank financial products 64,714,719.67 Yuan and bank financial products940 million Yuan purchased with idle raise fund)The raised-fund investment 667,922,389.23 Yuan including the follow projects: intelligent manufacturingconstruction invested 113,023,349.20 Yuan accumulated; intelligent R & D capacity building and intelligent homeappliances technology development project invested 239,017,776.26 Yuan accumulated; intelligent life projectinvested 45,001,200.00 Yuan in total and 270,880,063.77 Yuan (including interest 147,341.01 Yuan) accumulatedfor supplementation of the current capital.Up to 30
th
September 2018, among the intelligent manufacturing construction: ”Intelligent manufacturing (Hefei)”completed phase I and phase II construction, the phase III construction work is in progress. As for the ”intelligent
manufacturing project of 600,000 capacity of environmental protection & energy-saving freezer with medium &
large volume annually”, the project has been slowed down and still in continuous demonstration for the follows- 1)
location of the construction site was occupied temporary and 2) the market environment, exportation in particular,
has major changes since the beginning of the year. During the period, “intelligent R&D construction and newproducts development for smart home appliances technology” has completed the building of laboratory center and
fire inspection work, it is estimated that the project will officially put into use in December as a whole; thesecond-generation smart products has developed and listed, the R&D for third-generation smart products are inprogress and in pilot run; other projects are in process smoothly. Changmei Technology Co., Ltd. (hereinafter
referred to as Changmei Technology) is in charge of the “Intelligent life project”, and they still pushing the
business forward with market expansion.(II) Implementation for annual performance incentive fundOn August 9, 2012 and August 28, 2012, the Company considers the adoption of "Hefei Meiling annualperformance incentive fund implementation plan" (hereinafter referred to as "" stimulus "") on the 16
th
meeting ofthe 7
th
board of directors and the 2012-second provisional shareholders meeting. Details were disclosed oninformation disclosure media appointed by the Company as "Securities Times", "Chinese Securities Daily","Hong Kong Commercial Daily" and the Juchao network (www.cninfo.com.cn) on August 10, 2012 and August29th in the form of announcement (No.: 2012-028, No.:2012-035).1. Implementation about 2012, 2013, 2014 and 2016 performance incentive fund provision and distributionplanSee details in "Implementation of the company's annual incentive fund" in "XV Implementation of the company'sstock incentive plan, employee stock ownership plan, or other employee incentive measures" in "Section VSignificant Events" of the company's "2017 Annual Report" disclosed on March 30, 2018.Up to the end of this reporting period, the company's stock purchased by some 2012 annual performance incentiveobjects (non-directors, supervisors and senior management) and 2013 annual performance incentive objects(non-directors, supervisors and senior management) with their granted 2012 annual performance incentive fundsand own funds and 2013 annual performance incentive funds and own funds have been fully desterilized, thecompany's stock purchased by some 2014 annual performance incentive objects (non-directors, supervisors andsenior management) with their granted 2014 annual performance incentive funds and own funds has beendesterilized by 50% for term of holding for two years, see below for the overall reducing holding-shares of someabove-mentioned incentive objects; the shares of the Company purchased by the performance incentive objects foryear of 2016 with their incentive funds and owned capital has less than two years period for shares holding, thanthe shares held by all incentive objects are lock-up for commitments. Among the incentive objects, the current
directors, supervisors and senior management have not reduced the Company’s shares purchased by implementing
2012, 2013, 2014 and 2016 annual performance incentive plans.
2. Share holding and reduction of the company’s performance incentive objects
As of September 30, 2018, all incentive objects held a total of 12,379,807 shares, accounting for 1.1851% of the
company’s general capital, of which 10,689,914 shares of A share, accounting for approximately 1.0233% of thecompany’s general capital, 1,689,893 shares of B share, and accounting for about 0.1618% of the company’s
general capital. Some 2012, 2013 and 2014 annual performance incentive objects (not directors, supervisors orsenior management) have totally reduced share of 4,134,008 shares from September 2014 to the end of the this
reporting period, accounting for approximately 0.3956% of the company’s general capital, and reduced holding of
0 shares in this reporting period.(III) Transaction with Sichuan Changhong Group Finance Co., Ltd.Approved by the 34
th
session of 8
th
BOD held on 9 August 2017 and 12 September and 2
nd
extraordinaryshareholder meeting 2017, the Company are allowed to carried out financial service cooperation with SichuanChanghong Group Finance Co., Ltd. (hereinafter referred to as "Changhong Finance Company"), and sign a"financial service agreement" with 3-year terms. Under the agreement, Changhong Finance Company wouldprovide a series of financial services as deposit and loans act. within the business scope in accordance with therequirements of the Company and its subsidiaries. Related transactions with Changhong Finance Company fromyear-begging to the period-end are as:
In RMB
| Item | Opening balance | Increased during the Year | Decreased during the Year | Ending balance | Interest, handling charge paid or received |
| I. Savings in Changhong Group Finance Company | 2,762,513,703.88 | 36,147,380,345.23 | 36,536,467,600.97 | 2,373,426,448.14 | 73,350,390.15 |
| II. Borrowings from Changhong Group Finance Company | - | 100,100,000.00 | - | 100,100,000.00 | 1,404,030.00 |
| 1.Short-term loans | - | 100,100,000.00 | - | 100,100,000.00 | 1,404,030.00 |
| 2.Long-term loans | - | - | - | - | - |
| III. Other financial business | - | ||||
| 1.notes drawing | 721,645,627.87 | 1,337,445,065.00 | 1,157,452,000.43 | 901,638,692.44 | 554,497.94 |
| 2.notes discounted | 699,356,853.98 | 732,273,283.26 | 732,272,369.90 | 699,357,767.34 | 6,163,467.39 |
(IV) Other significant events
| Overview | Date for disclosure | Information index for temporary report disclosure |
| The proposal of Financial Products Investment with Owned Idle Fund and Financial Products Investment with Part of the Idle Fund Raising were deliberated and approved by the First Extraordinary General Meeting of 2018 held dated 9 January 2018 | 2018-1-10 | Juchao Website: http://www.cninfo.com.cn (No.: 2018-001) |
| On 15 January 2018, The Company received from Caitong Fund Management Co., Ltd (“Caitong Fund”, a shareholder of The Company holding shares of over | 2018-1-16 | Juchao Website: http://www.cninfo.com.cn (No.: 2018-003) |
| 5%) the Letter Relating to Progress of the Plan of Reducing Shareholding in Hefei Meiling Co., Ltd. Caitong Fund reduced holding of 11,913,134 shares in The Company via collective bidding trading and bulk trading during the period from 6 November 2017 to 15 January 2018, accounting for 1.1405% of the total share capital of The Company. | ||
| On 13 April 2018, The Company received from Caitong Fund the Letter Relating to Progress of the Plan of Reducing Shareholding in Hefei Meiling Co., Ltd. and the Notice Relating to Shareholding Reduction Plan of Hefei Meiling Co., Ltd. Caitong Fund reduced holding of 7,098,450 shares in The Company via collective bidding trading during the period from 16 January 2018 to 13 April 2018, accounting for 0.6795% of the total share capital of The Company. Besides, it planned to reduce holding of not more than 62,675,866 shares of The Company (not more than 6% of the total share capital of The Company) via collective bidding trading, bulk trading or other legal means within six months since this shareholding reduction announcement. | 2018-4-14 | Juchao Website: http://www.cninfo.com.cn (No.: 2018-017, No.: 2018-018 ) |
| On 13 July 2018, The Company received from Caitong Fund the Letter Relating to Progress of the Plan of Reducing Shareholding in Changhong Meiling Co., Ltd. Caitong Fund reduced holding of 5,601,671 shares in The Company via collective bidding trading during the period from 11 May 2018 to 13 July 2018, accounting for 0.5363% of the total share capital of The Company. | 2018-7-14 | Juchao Website: http://www.cninfo.com.cn (No.: 2018-044) |
| As deliberated and approved by the Board, the supervisory committee and the shareholders general meeting, the Company was approved to make certain accounting policy changes, implement the new business accounting standards and new requirements under the relevant requirements of the Ministry of Finance. | 2018-3-30 2018-5-11 | Juchao Website: http://www.cninfo.com.cn (No.: 2018-005, No.: 2018-006, No.: 2018-010, No.: 2018-029) |
| As deliberated and approved by the Board and shareholders general meeting, the Company and its subsidiaries were approved to conduct forward exchange capital transactions during the period from 1 July 2018 to 30 June 2019, provided that the transaction balance shall not be more than US$700 million and the completion term for a single transaction shall be not more than one year. | 2018-3-30 2018-5-11 | Juchao Website: http://www.cninfo.com.cn (No.: 2018-005, No.: 2018-012, No.: 2018-029) |
| As deliberated and approved by the Board and shareholders general meeting, the Shareholder Return Plan for the Future Three Years (2018-2020) of the Company was approved | 2018-3-30 2018-5-11 | Juchao Website: http://www.cninfo.com.cn (No.: 2018-005, No.: 2018-029) |
| As deliberated and approved by the Board and shareholders general meeting, it was agreed that the Company and its subsidiaries apply to the Hefei Branch of Bank of Hangzhou for the bill pool special credit facility under the maximum amount of RMB600 million, apply to the Hefei Branch of Huaxia Bank for the bill pool special credit facility under the maximum amount of RMB500 million, apply to the Anhui Branch of Bank of Communication for the bill pool special credit facility under the maximum amount of RMB1.0 billion and to the Hefei Branch of China Zheshang Bank for the bill pool special credit facility under the maximum amount of RMB500 million. | 2018-3-30 2018-5-11 | Juchao Website: http://www.cninfo.com.cn (No.: 2018-005, No.: 2018-013, No.: 2018-029) |
| The 2017 Annual Profit Distribution Plan was deliberated and approved by 7th | 2018-3-30 | Juchao Website: http://www.cninfo.com.cn |
| meeting of the 9th session of the board, the 4th meeting of the 8th session of the supervisory committee and the AGM 2017 held on 28 March 2018 and 10 May; And the Company, it was resolved that a cash dividend of RMB0.6 (tax included) would be paid for every 10 shares held by all the shareholders based on the total share capital of 1,044,597,881 shares as of 31 December 2017 and the plan was competed | 2018-5-11 2018-6-27 | (No.: 2018-005, No.: 2018-006, No.: 2018-029, No.: 2018-040 ) |
| As deliberated and approved by the board, the Company was agreed to subscribe the “Soochow-China Merchants Bank-Donghui No.135 Targeted Assets Management Plan” issued by Soochow Securities with its own spare funds of RMB200 million, and enter into the “Soochow-China Merchants Bank-Donghui No.135 Targeted Assets Management Plan-Targeted Assets Management Contract” with Soochow Securities. | 2018-4-13 | Juchao Website: http://www.cninfo.com.cn (No.: 2018-014, No.: 2018-016) |
| As deliberated and approved by the Board and shareholders general meeting, it was agreed to amend certain provisions of the Articles of Association of The Company, such as addition of relevant provision on Party construction and separate count of votes for minority shareholders. | 2018-4-20 2018-5-11 | Juchao Website: http://www.cninfo.com.cn (No.: 2018-022, No.: 2018-023, No.: 2018-024, No.: 2018-029 ) |
| Shares of the Company suspended trading from 9 May 2018 since its participation in an equity acquisition of Gorenje gospodinjski aparati, d.d. (hereinafter referred to as Gorenje Company) may constitute material assets reorganization. At the 11th meeting of the 9th session of the Board held on 7 May 2018, it was resolved by unanimous approving votes that the Company was authorized to submit the binding quotation in relation to this acquisition of equity interest of Gorenje Company under relevant requirements. On the evening of 9 May 2018 (Beijing time), after prudent negotiation with relevant parties, the Company determined to cease this bidding acquisition since the Company and Gorenje Company and its certain shareholders held material different opinions on transaction procedure and price, and stock of the Company resumption of trading since 11 May 2018 | 2018-5-9 2018-5-11 | Juchao Website: http://www.cninfo.com.cn (No.: 2018-027, No.: 2018-028) |
| As deliberated and approved by the Board, it was agreed that the Company and its subsidiaries apply to the Hefei Branch of Ping An Bank Ltd. for the bill pool special credit facility under the maximum amount of RMB300 million with one year limited, breeds of credit mainly use for special business of bill pool with bill pledge mode adapted. | 2018-6-5 | Juchao Website: http://www.cninfo.com.cn (No.: 2018-032, No.: 2018-035) |
| Former independent director Mr. Teng Guangsheng apply for leave the position as director of 9th BOD of the Company and member of strategy committee for personal work | 2018-6-5 | Juchao Website: http://www.cninfo.com.cn (No.: 2018-031) |
| On 27 June 2018, the Company received an amount of RMB15,410,000 as enterprise policy fund appropriated from the Financial Treasury Payment Center of Hefei Economic and Technology Development Zone, accounting for 47.45% of the audited net profit attributable to shareholders of the listed company as set out in the latest financial statement | 2018-6-27 | Juchao Website: http://www.cninfo.com.cn (No.: 2018-041) |
| As deliberated and approved by the Board and shareholders general meeting, it was agreed that the full name of the Company changed from “合肥美菱股份有限公司” to “长虹美菱股份有限公司” (for Chinese name) and from “HEFEI MEILINGCO.,LTD.” to “CHANGHONG MEILING CO.,LTD.” (for English name). meanwhile, the abbreviated name of the A shares changed from “Meilingdianqi” to “Changhong Meiling” , and for B shares, from “Wanmeiling B” to “Hongmeiling B”. the above said changes have completed the registration procedures in industrial & commerce bureau and approved by the Shenzhen Stock Exchange. The Company use new stock abbreviation since 3 July 2018, code of the Company remain the same | 2018-6-5 2018-6-22 2018-7-3 | Juchao Website: http://www.cninfo.com.cn (No.: 2018-032, No.: 2018-033, No.: 2018-034, No.: 2018-036, No.: 2018-038, No.: 2018-043 ) |
| Being deliberated and approved by the Board and shareholders general meeting, relevant clauses of the Article of Association agreed for amendment for full name of the Company changed. | 2018-6-5 2018-6-22 | Juchao Website: http://www.cninfo.com.cn (No.: 2018-032, No.: 2018-034, No.: 2018-036, No.: 2018-038 ) |
| As deliberated and approved by shareholders general meeting, Mr. Hu Zhaogui was agreed to serves as the independent director candidate for 9th BOD of the Company by election, service term same as the term of 9th BOD. At the same time, being deliberated and approved by the Bord, Mr. Hu Zhaogui was appointed as deputy president of the Company with office term as long as the 9th BOD | 2018-6-5 2018-6-22 | Juchao Website: http://www.cninfo.com.cn (No.: 2018-032, No.: 2018-036, No.: 2018-038, No.: 2018-039 ) |
| Early in the year, we were notified by controlling shareholder- Sichuan Changhong Electric Co., Ltd (hereinafter referred to as Sichuan Changhong), that is, Sichuan Changhong plans to offering exchangeable bonds in private way with part of the A-shares of the Company and their fruits (including the share capital converted from public reserves, bonus shares, dividend etc. ), the placement term will not last over three years and with 500 million Yuan at most for raising. On 6 August 2018, we received a written correspondence from Sichuan Changhong, being negotiation with Shenzhen Stock Exchange, the above mentioned placement of exchangeable bonds in private way was determined to terminated for change of the market environment | 2017-2-28 2018-8-7 | Juchao Website: http://www.cninfo.com.cn (No.: 2017-004, No.: 2018-045) |
| As deliberated and approved by the Board, the estimation for routine related transaction for year of 2018 was agreed to increased between the Company & its controlling subsidiary and Hunan Grand-pro Intelligent Technology Co., Ltd. -of the subordinate company of Changing Huayi Compressor Co., Ltd., the related transaction including 6.5 million Yuan at most (tax excluded) trading for robot cleaner purchasement | 2018-8-15 | Juchao Website: http://www.cninfo.com.cn (No.: 2018-047, No.: 2018-052) |
III. Commitments that the company, shareholders, actual controller, offeror, directors,supervisors, senior management or other related parties have fulfilled during the reportingperiod and have not yet fulfilled by the end of reporting period
□ Applicable √ Not applicable
There are no commitments that the company, shareholders, actual controller, offeror, directors, supervisors, senior management orother related parties have fulfilled during the reporting period and have not yet fulfilled by the end of reporting period.
IV. Forecast of operation performance of 2018
Estimation on accumulative net profit from the beginning of the year to the end of next report period to be loss probably or thewarning of its material change compared with the corresponding period of the last year and explanation on reason
□ Applicable √ Not applicable
V. Securities Investment
□ Applicable √ Not applicable
No security investment in Period.
VI. Trust financing
√ Applicable □Not applicable
In 10 thousand Yuan
| Type | Capital resources | Amount for entrust | Balance un-expired | Overdue amount |
| Bank financing product | Idle raised funds | 106,000 | 94,000 | 0 |
| Trust financing products | Own funds | 60,000 | 60,000 | 0 |
| Financial products of the broker | Own funds | 20,000 | 20,000 | 0 |
| Total | 186,000 | 174,000 | 0 | |
Details of the single major amount, or high-risk trust investment with low security, poor fluidity andnon-guaranteed:
√ Applicable □Not applicable
In 10 thousand Yuan
| Trustee institution r name | Trustee type | Type | Amount | Source of funds | Start date | End date | Capital investment purpose | Criteria for fixing reward | Reference annual rate of return | Anticipated income (if applicable) | Actual gains/losses in period | Actual collected gains/losses in period | Amount of reserve for devaluation of withdrawing (if applicable) | Whether approved by legal procedure (Y/N) | Whether has entrust finance plan in the future | Summary of the items and related query index (if applicable) |
| Sichuan Trust Co., Ltd. | Trust | Fund trust plan with use of purpose designated | 60,000 | Self-own funds | 2017-11-30 | 2018-11-30 | The bank deposits, government bonds, financial bonds, central bank bills, enterprise bonds with AA+ rating, enterprise short-term financing bonds with short-term credit ratings of A-1 and above, bond reverse repurchases, bank financial products, money market funds, and other money market products; the asset management plans issued by securities companies; the asset management plans issued by special fund subsidiaries; the trust products issued by trust companies or transferring trust beneficiary right; the transferring usufruct of receivables; the insurance funds of trust industries, etc. | 6.10% annual yield | 6.10% | 3,660.00 | 2,692.56（Note 1） | 2,692.56 | N/A | Y | Not applicable | Juchao Website (www.cninfo.com.cn) (No.: 2017-095) |
| SOOCHOW Securities Co., Ltd. | Broker | Assets management plan | 20,000 | Self-own funds | 2018-4-12 | 2021-4-12 | Investment for the second phase debt financing plan for year of 2018 that issued on CFAE under the name of Jinshiqi International Holding Co., Ltd. | Expiry liquidation | 8.28% | 4,968.00 | - | - | N/A | Y | Not applicable | Juchao Website (www.cninfo.com.cn) (No.: 2018-014, No.: 2018-015) |
| Hefei Branch of China | Bank | Floating income | 50,000 | Idle raise | 2018-1-12 | 2018-3-28 | Takes the money collect by structured deposit sales as notional principal, and conducted | 4.80% annual | 4.80% | 493.15 | 493.15 | 493.15 | N/A | Y | Not applicab | Juchao Website (www.cninfo.com.cn) |
| Minsheng Bank | type | funds | investment income and financial derivatives with USD3M-LIBOR linked with the counter party by using the cost of above mentioned principal | yield | le | (No.: 2018-002) | ||||||||||
| Anhui Branch of Bank of Communication Co., Ltd. | Bank | Guarantee income type | 56,000 | Idle raise funds | 2018-1-16 | 2018-6-27 | Principal of the products included in the unified operation & management of the bank capital, investment mainly including money market instrument and fixed-income tool; the money market instrument takes 30%-100% and 0-30% for the fixed-income tool | 4.90% annual yield | 4.90% | 1,217.88 | 1,217.88 | 1,217.88 | N/A | Y | Not applicable | Juchao Website (www.cninfo.com.cn) (No.: 2018-002) |
| Chengdu Branch of China Citic Bank | Bank | Floating income type | 50,000 | Idle raise funds | 2018-4-26 | 2018-7-26 | Takes the money collect by structured deposit sales as notional principal, and conducted investment income and financial derivatives with USD3M-LIBOR linked with the counter party by using the cost of above mentioned principal | 4.70% annual yield | 4.70% | 585.89 | 585.89 | 585.89 | N/A | Y | Not applicable | Juchao Website (www.cninfo.com.cn) (No.: 2018-025) |
| Anhui Branch of Bank of Communication Co., Ltd. | Bank | Floating income type | 30,000 | Idle raise funds | 2018-6-29 | 2018-9-26 | Takes the money collect by structured deposit sales as notional principal, and conducted investment income and financial derivatives with the benchmark comparison value of 3Mshibor linked with the counter party by using the cost of above mentioned principal | 5.05% annual yield | 5.05% | 369.41 | 369.41 | 369.41 | N/A | Y | Not applicable | Juchao Website (www.cninfo.com.cn) (No.: 2018-042) |
| Anhui Branch of Bank of Communication Co., Ltd. | Bank | Floating income type | 10,000 | Idle raise funds | 2018-6-29 | 2018-12-26 | Takes the money collect by structured deposit sales as notional principal, and conducted investment income and financial derivatives with the benchmark comparison value of 3Mshibor linked with the counter party by using the cost of above mentioned principal | 5.05% annual yield | 5.05% | 249.04 | - | - | N/A | Y | Not applicable | Juchao Website (www.cninfo.com.cn) (No.: 2018-042) |
| Hefei Branch | Bank | Floating | 10,000 | Idle | 2018-6- | 2018-12 | Foreign currency structured financial products | 5.00% | 5.00% | 238.36 | - | - | N/A | Y | Not | Juchao Website |
| of BEA | income type | raise funds | 28 | -19 | (In the premise of voluntary assumption of the market risks, the bank providing structured financial products to the clients, that is the capital link up with specified type of investment or some kinds of the foreign currency rate), peg index: Australian dollar against US dollar | annual yield | applicable | (www.cninfo.com.cn) (No.: 2018-042) | ||||||||
| Chengdu Branch of China Bohai Bank | Bank | Floating income type | 48,000 | Idle raise funds | 2018-8-9 | 2018-12-19 | Structured deposit products, the structured derivatives link up with 3M Libor | 4.35% annual yield | 4.35% | 755.11 | - | - | N/A | Y | Not applicable | Juchao Website (www.cninfo.com.cn) (No.: 2018-046) |
| Anhui Branch of Bank of Communication Co., Ltd. | Bank | Floating income type | 26,000 | Idle raise funds | 2018-9-28 | 2018-12-26 | Takes the money collect by structured deposit sales as notional principal, and conducted investment income and financial derivatives with the benchmark comparison value of 3Mshibor linked with the counter party by using the cost of above mentioned principal | 4.40% annual yield | 4.40% | 278.95 | - | - | N/A | Y | Not applicable | Juchao Website (www.cninfo.com.cn) (No.: 2018-053) |
| Total | 360,000 | -- | -- | -- | -- | -- | -- | 12,815.79 | 5,358.89 | -- | -- | -- | -- | |||
Note 1: According to the Trust Contract of Sichuan Trust- Yuanxiang No.15 Capital Trust (Contract No.: SCXT2017（DXD）No.253-1), the period distribution of trust
interest refers to the 20
th
of every natural quarter end (that is 20 March, 20 June, 20 September and 20 December) and termination date of the each trust (or earlytermination date). Ended as the reporting period, the trust contract still in process and actual gain/loss in the period amounted as 26,925,600 Yuan.
Entrust financial expected to be unable to recover the principal or impairment might be occurred
□ Applicable √ Not applicable
VII. Particulars about derivatives investment
√ Applicable □Not applicable
In 10 thousand Yuan
| Operator | Related relationship | Whether related trade or not | Type | Initial investment | Start date | End date | Investment amount at period-begin | Amount purchased during the reporting period | Amount sold during the reporting period | Amount of reserve for devaluation of withdrawing (if applicable) | Investment amount at period-end | Ratio of investment amount at period-end in net assets of the Company at period-end | Actual gains/losses in period |
| Financial institutions | N/A | No | Forward foreign exchange contract | 367,218.32 | 2017-6-14 | 2019-5-27 | 210,705.91 | 364,483.67 | 455,013.56 | N/A | 122,020.51 | 23.58% | -1,844.48 |
| Total | 367,218.32 | -- | -- | 210,705.91 | 364,483.67 | 455,013.56 | N/A | 122,020.51 | 23.58% | -1,844.48 | |||
| Capital resource | Self-owned capital | ||||||||||||
| Lawsuits (if applicable) | Not applicable | ||||||||||||
| Disclosure date for approval from the Board for investment of derivatives (if applicable) | 2018-3-30 | ||||||||||||
| Disclosure date for approval from board of shareholders for investment of derivatives (if applicable) | 2018-5-11 | ||||||||||||
| Venture analysis and explanation on control measures for derivatives holding in Period (including but not limited to market risk, liquidity risk, credit risks, operational risk and legal risk etc.) | 1. Market risk: the changes in domestic and foreign economic situation may create a major volatility in exchange rate, future exchange business under certain market risks. Forward exchange transaction business of the Company aims at lock-up the price in sale and purchase of foreign exchange, and lowers the impact on profit from exchange fluctuations. The Company will closely following the changes in exchange rate, based on the target rate fix by business, with the research and judgment in aspect of the trend in foreign exchange rate, determine the signature planning of agreement for forward exchange transaction combine with prediction on receipt and payment as well as the tolerance capacity of changing price arising from rate fluctuation; implement dynamic management on the business to guarantee a reasonable profit standards for the Company. 2. Liquidity risk: all of the foreign exchange funds trading are depend on reasonably estimated of the import-export business in future, satisfy the requirement of trading truth. In addition, forward exchange transaction operates in way of bank credit; there is no impact on the fund liquidity of the Company. | ||||||||||||
| 3. Bank default risk: if cooperative banks collapse within the contract time, the Company will not be able to transact the original foreign exchange contracts with contract price, which leads the risk of income uncertainty. So the Company chose the five major state-owned banks, joint –stock Chinese funded banks as Everbright and Industrial Bank, as well as the foreign funded banks as UOB, Overseas Chinese Bank and Bank of East Asia to conduct the trading of foreign exchange capital. These banks share a solid strength and management whose failure and the risk of loss may bring to the Company is very low. 4. Operational risk: the money trading in forward exchange might causes relevant risks due to the incorrect operations by handling personnel, relevant management mechanism has formulated by the Company, well-defined the operation procedure and duty officer in favor of preventing risk and risk control. 5. Legal risk: legal disputes may arise from the un-clear trading agreement signed between the Company and banks in aspect of money trading in forward exchange. The Company strengthens the review on relevant contracts in way of law, and chooses banks for cooperation with good credit status in order to control the risk. | |
| Particular about the changes of market price or product’s fair value of invested derivatives in Period; as for analysis of the fair value of derivatives, disclosed specific treatment methods and relevant hypothesis and parameter setting | In accordance with the Article 7 “Recognition of Fair Value” of “The Accounting Standards for Enterprises No. 22—Recognition and Measurement of Financial Instruments”, the Company determined and measure the fair value basically in line with the price provided or obtained from pricing services such as banks. As for the calculation of fair value for derivatives, it mainly refers to the un-matured contract of forward exchange facilities that signed with the banks in reporting period, and recognized as transactional financial assets or liabilities based on the difference of forward exchange facilities’ contract quotation at period-end and forward rate. In the reporting period, the gains/losses of forward foreign exchange contract amounting to -18,444,800 Yuan. |
| Explanation on major changes on specific principle of accounting policy and accounting calculation for derivatives in Period, by comparing with last period | Not applicable |
| Specific opinions from independent directs on derivative investment and risk controlling | Upon inspection, the independent directors of the Company believes that: during the reporting period, the Company carried out its foreign exchange forward deals in strict compliance with the standardized operation guidelines for listed issuer on main board (2015 amended) issued by Shenzhen Stock Exchange, the Articles of Association, Authorization Management of the Company, Management System in relating to Foreign Exchange Forward Deals of Hefei Meiling Co., Ltd., and these deals were conducted within the authorization scope under general meeting and board meeting. The Company conducts no foreign exchange transactions on the purpose of getting profit only, all of the forward foreign exchange transactions are operates based on normal operating and production, which is relying on specific business operations with purpose of avoiding the preventing the risks in exchange rate. The forward foreign exchange transactions of the Company are beneficial to prevent the exchange risks exposed by import and export business and thus met its requirement for operation development. There was no speculative operation, no break of relevant rules and regulations and relevant business was conducted under corresponding decision-making procedures. Interests of the Company and entire shareholders, especially minority shareholders, were not prejudiced. |
VIII. Registration form for receiving research, communication and interview in the reportperiod
√ Applicable □Not applicable
| Time | Way | Type | Basic situation index of investigation |
| 2018-7-12 | Field research | Institute | http://irm.cninfo.com.cn/ircs/ssgs/companyIrmForSzse.do?stockcode=000521 |
| 2018-8-24 | Field research | Institute | http://irm.cninfo.com.cn/ircs/ssgs/companyIrmForSzse.do?stockcode=000521 |
IX. Guarantee outside against the regulation
□Applicable √Not applicable
The Company had no guarantee outside against the regulation in the reporting period.
IX. Non-operational fund occupation from controlling shareholders and its related party
□ Applicable √ Not applicable
The Company had no non-operational fund occupation from controlling shareholders and its related party.
Section IV. Financial Statement
I. Financial statement
1. Consolidate balance sheet
Prepared by Changhong Meiling Co., Ltd.
2018-9-30
In RMB
| Item | Balance at period-end | Balance at period-begin |
| Current assets: | ||
| Monetary funds | 3,837,940,747.78 | 5,283,081,788.04 |
| Settlement provisions | ||
| Capital lent | ||
| Financial assets measured by fair value and with variation reckoned into current gains/losses | 14,154,468.75 | 15,646,731.48 |
| Derivative financial assets | ||
| Notes receivable and accounts receivable | 4,152,388,487.39 | 3,855,064,993.38 |
| Including: Notes receivable | 2,384,095,761.68 | 2,074,648,484.36 |
| Accounts receivable | 1,768,292,725.71 | 1,780,416,509.02 |
| Accounts paid in advance | 163,443,933.39 | 200,106,216.59 |
| Insurance receivable | ||
| Reinsurance receivables | ||
| Contract reserve of reinsurance receivable | ||
| Other receivables | 64,913,502.64 | 69,051,262.91 |
| Purchase restituted finance asset | ||
| Inventories | 2,836,763,160.77 | 2,918,100,650.27 |
| Assets held for sale | ||
| Non-current asset due within one year | 44,497,902.00 | |
| Other current assets | 1,837,209,783.15 | 801,894,930.97 |
| Total current assets | 12,906,814,083.87 | 13,187,444,475.64 |
| Non-current assets: | ||
| Loans and payments on behalf |
| Finance asset available for sales | 31,000,000.00 | 31,000,000.00 |
| Held-to-maturity investment | ||
| Long-term account receivable | ||
| Long-term equity investment | 76,769,367.03 | 90,534,671.92 |
| Investment property | 31,629,942.93 | 9,569,711.72 |
| Fixed assets | 1,576,566,870.71 | 1,515,302,743.61 |
| Construction in progress | 462,037,342.13 | 174,857,717.15 |
| Productive biological asset | ||
| Oil and gas asset | ||
| Intangible assets | 762,387,357.40 | 772,853,622.41 |
| Expense on Research and Development | 157,969,470.24 | 85,624,078.79 |
| Goodwill | ||
| Long-term expenses to be apportioned | 1,384,926.83 | 3,635,861.94 |
| Deferred income tax asset | 88,725,338.12 | 90,689,083.63 |
| Other non-current asset | ||
| Total non-current asset | 3,188,470,615.39 | 2,774,067,491.17 |
| Total assets | 16,095,284,699.26 | 15,961,511,966.81 |
| Current liabilities: | ||
| Short-term loans | 1,785,173,383.68 | 1,631,206,000.00 |
| Loan from central bank | ||
| Absorbing deposit and interbank deposit | ||
| Capital borrowed | ||
| Financial liability measured by fair value and with variation reckoned into current gains/losses | 40,375,510.12 | 16,034,000.00 |
| Derivative financial liability | ||
| Notes payable and accounts payable | 7,001,127,457.82 | 6,876,651,907.18 |
| Accounts received in advance | 433,526,644.44 | 438,386,810.72 |
| Selling financial asset of repurchase | ||
| Commission charge and commission payable | ||
| Wage payable | 137,590,294.80 | 184,819,166.86 |
| Taxes payable | 39,801,144.51 | 61,292,671.72 |
| Other accounts payable | 760,952,525.54 | 843,617,509.48 |
| Reinsurance payables |
| Insurance contract reserve | ||
| Security trading of agency | ||
| Security sales of agency | ||
| Liability held for sale | ||
| Non-current liabilities due within 1 year | 264,351,242.37 | 46,454,376.68 |
| Other current liabilities | ||
| Total current liabilities | 10,462,898,203.28 | 10,098,462,442.64 |
| Non-current liabilities: | ||
| Long-term loans | 2,520,000.00 | 253,160,000.00 |
| Bonds payable | ||
| Including: preferred stock | ||
| Perpetual capital securities | ||
| Long-term account payable | 11,978,008.79 | 12,483,687.53 |
| Long-term wages payable | 20,856,762.22 | 24,645,421.94 |
| Projected liabilities | 310,110,556.19 | 313,013,878.20 |
| Deferred income | 110,845,027.47 | 102,569,955.39 |
| Deferred income tax liabilities | 709,021.19 | |
| Other non-current liabilities | ||
| Total non-current liabilities | 457,019,375.86 | 705,872,943.06 |
| Total liabilities | 10,919,917,579.14 | 10,804,335,385.70 |
| Owner’s equity: | ||
| Share capital | 1,044,597,881.00 | 1,044,597,881.00 |
| Other equity instrument | ||
| Including: preferred stock | ||
| Perpetual capital securities | ||
| Capital public reserve | 2,684,388,223.63 | 2,684,806,344.07 |
| Less: Inventory shares | ||
| Other comprehensive income | -12,472,818.64 | -7,262,322.02 |
| Reasonable reserve | ||
| Surplus public reserve | 391,029,420.33 | 391,029,420.33 |
| Provision of general risk | ||
| Retained profit | 940,857,405.19 | 937,894,771.93 |
| Total owner’s equity attributable to parent company | 5,048,400,111.51 | 5,051,066,095.31 |
| Minority interests | 126,967,008.61 | 106,110,485.80 |
| Total owner’s equity | 5,175,367,120.12 | 5,157,176,581.11 |
| Total liabilities and owner’s equity | 16,095,284,699.26 | 15,961,511,966.81 |
Legal Representative: Li WeiPerson in charge of accounting works: Pang HaitaoPerson in charge of accounting institute: Luo Bo
2. Balance Sheet of Parent Company
In RMB
| Item | Balance at period-end | Balance at period-begin |
| Current assets: | ||
| Monetary funds | 2,142,607,494.52 | 3,411,454,144.54 |
| Financial assets measured by fair value and with variation reckoned into current gains/losses | 14,154,468.75 | 14,077,531.48 |
| Derivative financial assets | ||
| Notes receivable and accounts receivable | 3,093,613,247.17 | 3,121,486,894.18 |
| Including: Notes receivable | 1,822,260,518.48 | 1,748,615,925.92 |
| Accounts receivable | 1,271,352,728.69 | 1,372,870,968.26 |
| Account paid in advance | 92,626,681.98 | 162,232,742.46 |
| Other receivables | 31,879,087.11 | 39,849,732.36 |
| Inventories | 1,132,901,950.37 | 1,028,423,929.21 |
| Assets held for sale | ||
| Non-current assets maturing within one year | ||
| Other current assets | 1,747,907,655.55 | 615,877,268.44 |
| Total current assets | 8,255,690,585.45 | 8,393,402,242.67 |
| Non-current assets: | ||
| Available-for-sale financial assets | 31,000,000.00 | 31,000,000.00 |
| Held-to-maturity investments | ||
| Long-term receivables | ||
| Long-term equity investments | 1,739,487,817.92 | 1,705,007,815.84 |
| Investment property | 7,704,109.89 | 7,960,789.08 |
| Fixed assets | 1,009,743,689.92 | 976,732,228.85 |
| Construction in progress | 143,232,492.99 | 67,205,463.02 |
| Productive biological assets |
| Oil and natural gas assets | ||
| Intangible assets | 458,809,821.09 | 457,534,626.06 |
| Research and development costs | 54,063,557.20 | 23,782,085.92 |
| Goodwill | ||
| Long-term deferred expenses | ||
| Deferred income tax assets | 68,362,663.77 | 76,015,591.58 |
| Other non-current assets | ||
| Total non-current assets | 3,512,404,152.78 | 3,345,238,600.35 |
| Total assets | 11,768,094,738.23 | 11,738,640,843.02 |
| Current liabilities: | ||
| Short-term borrowings | 1,296,011,880.00 | 1,186,026,000.00 |
| Financial liability measured by fair value and with variation reckoned into current gains/losses | 30,798,850.00 | 16,034,000.00 |
| Derivative financial liability | ||
| Notes payable and accounts payable | 3,873,402,583.59 | 3,675,862,014.96 |
| Accounts received in advance | 152,030,279.34 | 53,558,493.11 |
| Wage payable | 12,708,793.79 | 33,060,896.41 |
| Taxes payable | 13,619,140.12 | 16,641,410.98 |
| Other accounts payable | 606,396,291.51 | 1,020,147,696.15 |
| Liability held for sale | ||
| Non-current liabilities due within 1 year | 257,715,254.56 | 7,715,255.20 |
| Other current liabilities | ||
| Total current liabilities | 6,242,683,072.91 | 6,009,045,766.81 |
| Non-current liabilities: | ||
| Long-term loans | 2,520,000.00 | 253,160,000.00 |
| Bonds payable | ||
| Including: preferred stock | ||
| Perpetual capital securities | ||
| Long-term account payable | ||
| Long-term wages payable | 20,856,762.22 | 24,645,421.94 |
| Projected liabilities | 310,110,556.19 | 313,013,878.20 |
| Deferred income | 51,120,544.21 | 56,906,985.04 |
| Deferred income tax liabilities |
| Other non-current liabilities | ||
| Total non-current liabilities | 384,607,862.62 | 647,726,285.18 |
| Total liabilities | 6,627,290,935.53 | 6,656,772,051.99 |
| Owners’ equity: | ||
| Share capita | 1,044,597,881.00 | 1,044,597,881.00 |
| Other equity instrument | ||
| Including: preferred stock | ||
| Perpetual capital securities | ||
| Capital public reserve | 2,753,017,007.10 | 2,753,017,007.10 |
| Less: Inventory shares | ||
| Other comprehensive income | ||
| Reasonable reserve | ||
| Surplus reserve | 390,811,254.65 | 390,811,254.65 |
| Retained profit | 952,377,659.95 | 893,442,648.28 |
| Total owner’s equity | 5,140,803,802.70 | 5,081,868,791.03 |
| Total liabilities and owner’s equity | 11,768,094,738.23 | 11,738,640,843.02 |
Legal Representative: Li WeiPerson in charge of accounting works: Pang HaitaoPerson in charge of accounting institute: Luo Bo
3. Consolidated Profit Statement (the period)
In RMB
| Item | Current Period | Last Period |
| I. Total operating income | 3,977,110,177.70 | 4,661,344,340.71 |
| Including: Operating income | 3,977,110,177.70 | 4,661,344,340.71 |
| Interest income | ||
| Insurance gained | ||
| Commission charge and commission income | ||
| II. Total operating cost | 3,969,373,096.33 | 4,641,920,759.94 |
| Including: Operating cost | 3,205,017,999.93 | 3,852,369,112.25 |
| Interest expense | ||
| Commission charge and commission expense | ||
| Cash surrender value | ||
| Net amount of expense of compensation | ||
| Net amount of withdrawal of insurance contract |
| reserve | ||
| Bonus expense of guarantee slip | ||
| Reinsurance expense | ||
| Operating tax and extras | 37,835,191.90 | 48,770,715.24 |
| Sales expenses | 597,903,240.88 | 632,230,730.76 |
| Administration expenses | 79,313,240.36 | 73,064,358.31 |
| R&D expenses | 59,501,838.51 | 56,726,996.66 |
| Financial expenses | -19,747,203.12 | -6,349,963.54 |
| Including: Interest expenses | 18,102,768.23 | 23,505,702.81 |
| Interest income | 24,754,881.52 | 29,047,137.71 |
| Losses of devaluation of asset | 9,548,787.87 | -14,891,189.74 |
| Add: other income | 19,485,556.40 | 15,762,320.30 |
| Investment income (Loss is listed with “-”) | 5,976,620.29 | 16,082,387.37 |
| Including: Investment income on affiliated company and joint venture | 3,618,239.73 | 5,461,346.63 |
| Changing income of fair value(Loss is listed with “-”) | -7,042,861.74 | -5,116,597.88 |
| Exchange income (Loss is listed with “-”) | ||
| Income from assets disposal (Loss is listed with “-”) | 192,920.94 | -2,874,528.59 |
| III. Operating profit (Loss is listed with “-”) | 26,349,317.26 | 43,277,161.97 |
| Add: Non-operating income | 1,361,065.01 | 1,628,635.38 |
| Less: Non-operating expense | 19,458.62 | 243,239.78 |
| IV. Total Profit (Loss is listed with “-”) | 27,690,923.65 | 44,662,557.57 |
| Less: Income tax expense | 14,864,849.63 | 14,916,499.34 |
| V. Net profit (Net loss is listed with “-”) | 12,826,074.02 | 29,746,058.23 |
| (i) net profit from continuous operation (Net loss is listed with “-”) | 12,826,074.02 | 29,746,058.23 |
| (ii) net profit from discontinued operation (Net loss is listed with “-”) | ||
| Net profit attributable to owner’s of parent company | 14,954,274.39 | 28,147,276.19 |
| Minority shareholders’ gains and losses | -2,128,200.37 | 1,598,782.04 |
| VI. Net after-tax of other comprehensive income | 2,472,400.15 | -3,141,017.15 |
| Net after-tax of other comprehensive income attributable to owners of parent company | 1,782,853.09 | -2,412,157.86 |
| (I) Other comprehensive income items which will |
| not be reclassified subsequently to profit of loss | ||
| 1. Changes as a result of re-measurement of net defined benefit plan liability or asset | ||
| 2. Share of the other comprehensive income of the investee accounted for using equity method which will not be reclassified subsequently to profit and loss | ||
| (II) Other comprehensive income items which will be reclassified subsequently to profit or loss | 1,782,853.09 | -2,412,157.86 |
| 1. Share of the other comprehensive income of the investee accounted for using equity method which will be reclassified subsequently to profit or loss | ||
| 2. Gains or losses arising from changes in fair value of available-for-sale financial assets | ||
| 3. Gains or losses arising from reclassification of held-to-maturity investment as available-for-sale financial assets | ||
| 4. The effect hedging portion of gains or losses arising from cash flow hedging instruments | ||
| 5. Translation differences arising on translation of foreign currency financial statements | 1,782,853.09 | -2,412,157.86 |
| 6. Other | ||
| Net after-tax of other comprehensive income attributable to minority shareholders | 689,547.06 | -728,859.29 |
| VII. Total comprehensive income | 15,298,474.17 | 26,605,041.08 |
| Total comprehensive income attributable to owners of parent Company | 16,737,127.48 | 25,735,118.33 |
| Total comprehensive income attributable to minority shareholders | -1,438,653.31 | 869,922.75 |
| VIII. Earnings per share: | ||
| (i) Basic earnings per share | 0.0143 | 0.0269 |
| (ii) Diluted earnings per share | 0.0143 | 0.0269 |
As for the enterprise combined under the same control, net profit of 0 Yuan achieved by the merged party beforecombination while 0 Yuan achieved last period
Legal Representative: Li WeiPerson in charge of accounting works: Pang Haitao
Person in charge of accounting institute: Luo Bo4. Profit Statement of Parent Company (the period)
In RMB
| Item | Current Period | Last Period |
| I. Operating income | 2,490,700,722.60 | 2,048,257,729.20 |
| Less: Operating cost | 2,148,535,254.62 | 1,803,309,297.32 |
| Operating tax and extras | 14,469,596.73 | 19,826,226.92 |
| Sales expenses | 201,139,184.30 | 162,337,651.60 |
| Administration expenses | 36,055,056.31 | 17,994,900.29 |
| R&D expenses | 23,407,166.72 | 21,296,419.51 |
| Financial expenses | -3,565,651.74 | 760,172.92 |
| Including: Interest expenses | 13,724,471.67 | 15,235,361.95 |
| Interest income | 16,389,944.68 | 13,468,870.08 |
| Losses of devaluation of asset | 10,616,799.13 | -4,641,531.19 |
| Add: other income | 13,689,025.64 | 6,824,261.13 |
| Investment income (Loss is listed with “-”) | 19,003,123.97 | 10,591,073.95 |
| Including: Investment income on affiliated company and joint venture | 1,686,779.58 | 435,788.04 |
| Changing income of fair value(Loss is listed with “-”) | -11,287,554.36 | -5,116,597.88 |
| Income from assets disposal (Loss is listed with “-”) | -3,617.48 | -4,823.30 |
| II. Operating profit (Loss is listed with “-”) | 81,444,294.30 | 39,668,505.73 |
| Add: Non-operating income | 128,162.00 | 107,240.00 |
| Less: Non-operating expense | ||
| III. Total Profit (Loss is listed with “-”) | 81,572,456.30 | 39,775,745.73 |
| Less: Income tax expense | 10,250,540.26 | 5,951,952.15 |
| IV. Net profit (Net loss is listed with “-”) | 71,321,916.04 | 33,823,793.58 |
| (i) net profit from continuous operation (Net loss is listed with “-”) | 71,321,916.04 | 33,823,793.58 |
| (ii) net profit from discontinued operation (Net loss is listed with “-”) | ||
| V. Net after-tax of other comprehensive income | ||
| (I) Other comprehensive income items which will not be reclassified subsequently to profit of loss |
| 1. Changes as a result of re-measurement of net defined benefit plan liability or asset | ||
| 2. Share of the other comprehensive income of the investee accounted for using equity method which will not be reclassified subsequently to profit and loss | ||
| (II) Other comprehensive income items which will be reclassified subsequently to profit or loss | ||
| 1. Share of the other comprehensive income of the investee accounted for using equity method which will be reclassified subsequently to profit or loss | ||
| 2. Gains or losses arising from changes in fair value of available-for-sale financial assets | ||
| 3. Gains or losses arising from reclassification of held-to-maturity investment as available-for-sale financial assets | ||
| 4. The effect hedging portion of gains or losses arising from cash flow hedging instruments | ||
| 5. Translation differences arising on translation of foreign currency financial statements | ||
| 6. Other | ||
| VI. Total comprehensive income | 71,321,916.04 | 33,823,793.58 |
| VII. Earnings per share: | ||
| (i) Basic earnings per share | 0.0683 | 0.0324 |
| (ii) Diluted earnings per share | 0.0683 | 0.0324 |
Legal Representative: Li WeiPerson in charge of accounting works: Pang HaitaoPerson in charge of accounting institute: Luo Bo5. Consolidated Profit Statement (form the year-begin to the period-end)
In RMB
| Item | Current Period | Last Period |
| I. Total operating income | 13,248,619,747.37 | 13,179,138,533.81 |
| Including: Operating income | 13,248,619,747.37 | 13,179,138,533.81 |
| Interest income |
| Insurance gained | ||
| Commission charge and commission income | ||
| II. Total operating cost | 13,229,567,796.49 | 13,078,726,742.99 |
| Including: Operating cost | 10,963,171,561.02 | 10,848,595,161.10 |
| Interest expense | ||
| Commission charge and commission expense | ||
| Cash surrender value | ||
| Net amount of expense of compensation | ||
| Net amount of withdrawal of insurance contract reserve | ||
| Bonus expense of guarantee slip | ||
| Reinsurance expense | ||
| Operating tax and extras | 102,882,052.60 | 114,606,735.55 |
| Sales expenses | 1,787,644,342.20 | 1,772,402,762.84 |
| Administration expenses | 228,370,924.33 | 219,481,614.49 |
| R&D expenses | 152,219,238.87 | 132,842,832.22 |
| Financial expenses | -33,207,231.05 | -39,804,446.21 |
| Including: Interest expenses | 70,110,789.68 | 36,279,701.71 |
| Interest income | 88,992,292.78 | 103,136,388.21 |
| Losses of devaluation of asset | 28,486,908.52 | 30,602,083.00 |
| Add: other income | 68,046,614.02 | 39,577,285.34 |
| Investment income (Loss is listed with “-”) | 20,726,039.38 | 39,675,737.03 |
| Including: Investment income on affiliated company and joint venture | -12,056,138.08 | 2,235,018.46 |
| Changing income of fair value(Loss is listed with “-”) | -25,833,772.85 | -15,475,683.18 |
| Exchange income (Loss is listed with “-”) | ||
| Income from assets disposal (Loss is listed with “-”) | 3,476,687.51 | -13,972,627.26 |
| III. Operating profit (Loss is listed with “-”) | 85,467,518.94 | 150,216,502.75 |
| Add: Non-operating income | 5,443,167.59 | 2,318,979.32 |
| Less: Non-operating expense | 60,249.87 | 338,665.25 |
| IV. Total Profit (Loss is listed with “-”) | 90,850,436.66 | 152,196,816.82 |
| Less: Income tax expense | 25,015,797.92 | 24,356,057.20 |
| V. Net profit (Net loss is listed with “-”) | 65,834,638.74 | 127,840,759.62 |
| (i) net profit from continuous operation (Net loss is listed with “-”) | 65,834,638.74 | 127,840,759.62 |
| (ii) net profit from discontinued operation (Net loss is listed with “-”) | ||
| Net profit attributable to owner’s of parent company | 65,638,506.12 | 120,222,315.96 |
| Minority shareholders’ gains and losses | 196,132.62 | 7,618,443.66 |
| VI. Net after-tax of other comprehensive income | -6,466,960.36 | -6,493,532.56 |
| Net after-tax of other comprehensive income attributable to owners of parent company | -5,210,496.62 | -4,948,237.48 |
| (I) Other comprehensive income items which will not be reclassified subsequently to profit of loss | ||
| 1. Changes as a result of re-measurement of net defined benefit plan liability or asset | ||
| 2. Share of the other comprehensive income of the investee accounted for using equity method which will not be reclassified subsequently to profit and loss | ||
| (II) Other comprehensive income items which will be reclassified subsequently to profit or loss | -5,210,496.62 | -4,948,237.48 |
| 1. Share of the other comprehensive income of the investee accounted for using equity method which will be reclassified subsequently to profit or loss | ||
| 2. Gains or losses arising from changes in fair value of available-for-sale financial assets | ||
| 3. Gains or losses arising from reclassification of held-to-maturity investment as available-for-sale financial assets | ||
| 4. The effect hedging portion of gains or losses arising from cash flow hedging instruments | ||
| 5. Translation differences arising on translation of foreign currency financial statements | -5,210,496.62 | -4,948,237.48 |
| 6. Other | ||
| Net after-tax of other comprehensive income attributable to minority shareholders | -1,256,463.74 | -1,545,295.08 |
| VII. Total comprehensive income | 59,367,678.38 | 121,347,227.06 |
| Total comprehensive income attributable to owners of parent Company | 60,428,009.50 | 115,274,078.48 |
| Total comprehensive income attributable to | -1,060,331.12 | 6,073,148.58 |
| minority shareholders | ||
| VIII. Earnings per share: | ||
| (i) Basic earnings per share | 0.0628 | 0.1151 |
| (ii) Diluted earnings per share | 0.0628 | 0.1151 |
Legal Representative: Li WeiPerson in charge of accounting works: Pang HaitaoPerson in charge of accounting institute: Luo Bo6. Profit Statement of Parent Company (form the year-begin to the period-end)
In RMB
| Item | Current Period | Last Period |
| I. Operating income | 6,883,945,824.65 | 6,177,866,081.70 |
| Less: Operating cost | 6,102,437,941.57 | 5,578,678,753.58 |
| Operating tax and extras | 44,193,309.99 | 47,548,756.62 |
| Sales expenses | 501,143,891.03 | 393,775,870.67 |
| Administration expenses | 94,252,573.07 | 87,148,223.77 |
| R&D expenses | 69,052,600.75 | 61,208,312.26 |
| Financial expenses | 9,606,238.12 | -36,446,166.41 |
| Including: Interest expenses | 55,250,636.77 | 26,228,601.37 |
| Interest income | 57,329,240.66 | 73,461,576.16 |
| Losses of devaluation of asset | 14,834,202.44 | 215,030.18 |
| Add: other income | 49,742,843.47 | 13,980,955.30 |
| Investment income (Loss is listed with “-”) | 42,953,713.52 | 40,321,157.90 |
| Including: Investment income on affiliated company and joint venture | 3,776,002.08 | 3,541,251.70 |
| Changing income of fair value(Loss is listed with “-”) | -14,687,912.73 | -16,043,732.76 |
| Income from assets disposal (Loss is listed with “-”) | -880,921.32 | -1,448,384.55 |
| II. Operating profit (Loss is listed with “-”) | 125,552,790.62 | 82,547,296.92 |
| Add: Non-operating income | 3,874,754.46 | 369,264.81 |
| Less: Non-operating expense | 4,340.60 | |
| III. Total Profit (Loss is listed with “-”) | 129,427,545.08 | 82,912,221.13 |
| Less: Income tax expense | 7,816,660.55 | 9,949,458.52 |
| IV. Net profit (Net loss is listed with “-”) | 121,610,884.53 | 72,962,762.61 |
| (i) net profit from continuous operation (Net loss is listed with “-”) | 121,610,884.53 | 72,962,762.61 |
| (ii) net profit from discontinued operation (Net loss is listed with “-”) | ||
| V. Net after-tax of other comprehensive income | ||
| (I) Other comprehensive income items which will not be reclassified subsequently to profit of loss | ||
| 1. Changes as a result of re-measurement of net defined benefit plan liability or asset | ||
| 2. Share of the other comprehensive income of the investee accounted for using equity method which will not be reclassified subsequently to profit and loss | ||
| (II) Other comprehensive income items which will be reclassified subsequently to profit or loss | ||
| 1. Share of the other comprehensive income of the investee accounted for using equity method which will be reclassified subsequently to profit or loss | ||
| 2. Gains or losses arising from changes in fair value of available-for-sale financial assets | ||
| 3. Gains or losses arising from reclassification of held-to-maturity investment as available-for-sale financial assets | ||
| 4. The effect hedging portion of gains or losses arising from cash flow hedging instruments | ||
| 5. Translation differences arising on translation of foreign currency financial statements | ||
| 6. Other | ||
| VI. Total comprehensive income | 121,610,884.53 | 72,962,762.61 |
| VII. Earnings per share: | ||
| (i) Basic earnings per share | 0.1164 | 0.0698 |
| (ii) Diluted earnings per share | 0.1164 | 0.0698 |
Legal Representative: Li WeiPerson in charge of accounting works: Pang Haitao
Person in charge of accounting institute: Luo Bo7. Consolidated Cash Flow Statement (form the year-begin to the period-end)
In RMB
| Item | Current Period | Last Period |
| I. Cash flows arising from operating activities: | ||
| Cash received from selling commodities and providing labor services | 12,294,447,275.35 | 10,688,634,329.82 |
| Net increase of customer deposit and interbank deposit | ||
| Net increase of loan from central bank | ||
| Net increase of capital borrowed from other financial institution | ||
| Cash received from original insurance contract fee | ||
| Net cash received from reinsurance business | ||
| Net increase of insured savings and investment | ||
| Net increase of amount from disposal financial assets that measured by fair value and with variation reckoned into current gains/losses | ||
| Cash received from interest, commission charge and commission | ||
| Net increase of capital borrowed | ||
| Net increase of returned business capital | ||
| Write-back of tax received | 455,080,647.00 | 332,183,490.22 |
| Other cash received concerning operating activities | 234,806,474.37 | 41,763,321.49 |
| Subtotal of cash inflow arising from operating activities | 12,984,334,396.72 | 11,062,581,141.53 |
| Cash paid for purchasing commodities and receiving labor service | 10,544,503,046.16 | 9,088,798,341.30 |
| Net increase of customer loans and advances | ||
| Net increase of deposits in central bank and interbank | ||
| Cash paid for original insurance contract compensation | ||
| Cash paid for interest, commission charge and commission | ||
| Cash paid for bonus of guarantee slip | ||
| Cash paid to/for staff and workers | 1,233,337,030.56 | 1,060,957,793.60 |
| Taxes paid | 297,025,746.90 | 417,607,656.54 |
| Other cash paid concerning operating activities | 668,241,202.55 | 626,015,434.18 |
| Subtotal of cash outflow arising from operating activities | 12,743,107,026.17 | 11,193,379,225.62 |
| Net cash flows arising from operating activities | 241,227,370.55 | -130,798,084.09 |
| II. Cash flows arising from investing activities: | ||
| Cash received from recovering investment | 1,900,000,000.00 | 2,957,000,000.00 |
| Cash received from investment income | 39,313,892.16 | 47,477,575.32 |
| Net cash received from disposal of fixed, intangible and other long-term assets | 17,944,967.00 | 2,531,948.87 |
| Net cash received from disposal of subsidiaries and other units | ||
| Other cash received concerning investing activities | 95,944,328.41 | 73,811,624.63 |
| Subtotal of cash inflow from investing activities | 2,053,203,187.57 | 3,080,821,148.82 |
| Cash paid for purchasing fixed, intangible and other long-term assets | 436,847,276.96 | 343,043,647.04 |
| Cash paid for investment | 3,020,000,001.00 | 3,581,652,412.20 |
| Net increase of mortgaged loans | ||
| Net cash received from subsidiaries and other units obtained | ||
| Other cash paid concerning investing activities | 255,500.00 | 10,574,661.31 |
| Subtotal of cash outflow from investing activities | 3,457,102,777.96 | 3,935,270,720.55 |
| Net cash flows arising from investing activities | -1,403,899,590.39 | -854,449,571.73 |
| III. Cash flows arising from financing activities | ||
| Cash received from absorbing investment | 24,865,000.00 | 23,068,316.00 |
| Including: Cash received from absorbing minority shareholders’ investment by subsidiaries | 24,865,000.00 | 23,068,316.00 |
| Cash received from loans | 2,021,566,261.86 | 2,371,636,546.03 |
| Cash received from issuing bonds | ||
| Other cash received concerning financing activities | ||
| Subtotal of cash inflow from financing activities | 2,046,431,261.86 | 2,394,704,862.03 |
| Cash paid for settling debts | 2,133,854,035.14 | 1,096,840,299.04 |
| Cash paid for dividend and profit distributing or interest paying | 109,269,826.49 | 67,101,769.40 |
| Including: Dividend and profit of minority shareholder paid by subsidiaries |
| Other cash paid concerning financing activities | 2,050,458.19 | 151,611.24 |
| Subtotal of cash outflow from financing activities | 2,245,174,319.82 | 1,164,093,679.68 |
| Net cash flows arising from financing activities | -198,743,057.96 | 1,230,611,182.35 |
| IV. Influence on cash and cash equivalents due to fluctuation in exchange rate | 3,791,101.79 | -18,706,015.36 |
| V. Net increase of cash and cash equivalents | -1,357,624,176.01 | 226,657,511.17 |
| Add: Balance of cash and cash equivalents at the period -begin | 5,089,765,770.39 | 3,986,098,419.76 |
| VI. Balance of cash and cash equivalents at the period -end | 3,732,141,594.38 | 4,212,755,930.93 |
Legal Representative: Li WeiPerson in charge of accounting works: Pang HaitaoPerson in charge of accounting institute: Luo Bo
8. Cash Flow Statement of Parent Company (form the year-begin to the period-end)
In RMB
| Item | Current Period | Last Period |
| I. Cash flows arising from operating activities: | ||
| Cash received from selling commodities and providing labor services | 5,886,537,353.55 | 4,210,014,747.91 |
| Write-back of tax received | 214,262,771.43 | 167,344,442.26 |
| Other cash received concerning operating activities | 51,985,080.37 | 18,738,823.22 |
| Subtotal of cash inflow arising from operating activities | 6,152,785,205.35 | 4,396,098,013.39 |
| Cash paid for purchasing commodities and receiving labor service | 5,200,208,904.42 | 5,205,491,001.62 |
| Cash paid to/for staff and workers | 382,116,598.39 | 416,120,059.29 |
| Taxes paid | 59,998,461.89 | 68,213,970.16 |
| Other cash paid concerning operating activities | 280,528,778.03 | 174,378,876.86 |
| Subtotal of cash outflow arising from operating activities | 5,922,852,742.73 | 5,864,203,907.93 |
| Net cash flows arising from operating activities | 229,932,462.62 | -1,468,105,894.54 |
| II. Cash flows arising from investing activities: | ||
| Cash received from recovering investment | 1,860,000,000.00 | 2,880,000,000.00 |
| Cash received from investment income | 41,935,522.31 | 46,802,594.32 |
| Net cash received from disposal of fixed, | 220,903.00 | 567,847.40 |
| intangible and other long-term assets | ||
| Net cash received from disposal of subsidiaries and other units | ||
| Other cash received concerning investing activities | 89,093,823.56 | 58,985,857.24 |
| Subtotal of cash inflow from investing activities | 1,991,250,248.87 | 2,986,356,298.96 |
| Cash paid for purchasing fixed, intangible and other long-term assets | 144,003,295.22 | 241,876,285.81 |
| Cash paid for investment | 3,030,704,000.00 | 2,995,180,391.20 |
| Net cash received from subsidiaries and other units | ||
| Other cash paid concerning investing activities | 30,000,000.00 | 10,574,661.31 |
| Subtotal of cash outflow from investing activities | 3,204,707,295.22 | 3,247,631,338.32 |
| Net cash flows arising from investing activities | -1,213,457,046.35 | -261,275,039.36 |
| III. Cash flows arising from financing activities | ||
| Cash received from absorbing investment | ||
| Cash received from loans | 1,549,720,995.00 | 2,022,551,446.03 |
| Cash received from issuing bonds | ||
| Other cash received concerning financing activities | 7,594,599.50 | 305,264,361.17 |
| Subtotal of cash inflow from financing activities | 1,557,315,594.50 | 2,327,815,807.20 |
| Cash paid for settling debts | 1,468,595,600.00 | 1,023,790,749.04 |
| Cash paid for dividend and profit distributing or interest paying | 99,520,906.42 | 65,697,535.58 |
| Other cash paid concerning financing activities | 279,276,931.43 | 27,237,860.58 |
| Subtotal of cash outflow from financing activities | 1,847,393,437.85 | 1,116,726,145.20 |
| Net cash flows arising from financing activities | -290,077,843.35 | 1,211,089,662.00 |
| IV. Influence on cash and cash equivalents due to fluctuation in exchange rate | 6,180,497.06 | -11,923,958.43 |
| V. Net increase of cash and cash equivalents | -1,267,421,930.02 | -530,215,230.33 |
| Add: Balance of cash and cash equivalents at the period -begin | 3,410,029,424.54 | 3,067,671,385.08 |
| VI. Balance of cash and cash equivalents at the period -end | 2,142,607,494.52 | 2,537,456,154.75 |
Legal Representative: Li WeiPerson in charge of accounting works: Pang HaitaoPerson in charge of accounting institute: Luo Bo
II. Audit report
Whether the 3
rd
quarterly report has been audited or not
□Yes √ No
The 3
rd
quarterly report of the Company has not been audited.
Changhong Meiling Co., Ltd.
Chairman: Li Wei
18 October 2018